|||Page|| |---|---|---|---| |Reference and Administrative
Details|||| |Repert ofthe Trustees|2|to|12| |Report ofthe Independent
Auditor|13|to|14| |Statement ofFinancial Activities||15|| |Balance Sheet|||| |Cash Flow Statement||17|| |Notes to the Cash Flow Statement|||| |Notes to the Financial Statements|19|to|26| |Detailed Statement ofFiaaacial Activities|27|to|28| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |for the Year Ended|3|1March 2023|||| |---|---|---|---|---|---| |||||31.3,23|31.3.22| |||||Unrestricted|Total| |||||fund|funds| ||||Notes||| |INCOME AND ENDOWMENTS FROM|||||| |13onations and legacies||||1,374,233|1,384,826| |Other tradtng activities||||368,659|171,640| |Other income||||19,570|24,040| |Total||||~176K462|1,580,506| |EXPENDITURE ON|||||| |Raising funds||||15,688|3,586| |Charitable
activities|||||| |Charitable||||1,562,735|1,381,373| |Other|||||~2I 350| |Total||||1878,423|1,406,309| |NET INCOME||||184,039|174,197| |RECONCILIATION||OF FUNDS|||| |Total funds brought|forward|||5,636,962|5,462,765| |TOTAL FUNDS CARRIED FORWARD||||~5821 001|5,636,962| ## |Balance Sheet
31March 2023|||| |---|---|---|---| |||31.3.23|31.3.22| |||Unrestricted|Total| |||fund|funds| ||Notes|f|I| |FIXEDASSETS|||| |Tangible assets|10|99368,066|9,399,265| |Investments|11|311DIIII|30 DDD| |||9398,066|9,429,265| |CURRENT ASSETS|||| |Debtors|12|124,938|88,421| |Prepayments
and accrued income||17,442|24,104| |Cash at bank||514,533|482,708| |||656,913|595,233| |CREDITORS|||| |Amounts
falling due within one year|13|(351,885)|(308,908)| |NET CURRENT ASSETS||305,028|286,325| |TOTAL ASSETSLESSCURRENT|||| |LIABILITIES||9,703,094|9,715,590| |CREDITORS|||| |Amounts
falling due aiter more than one year|14|(3,882,093)|(4,078,628)| |NET ASSETS||5,02I,DDI|5 636962| |FUNDS|||| |Unrestricted
funds||5 821,11111|5,636 962| |TOTAL FUNDS||5821,001|5,636962| ## |for the Year Ended 31M||rch 2023||||| |---|---|---|---|---|---|---| |||||Notes|31,3.23|31.3.22
f| |Cash flows from operating||activities||||| |Cash generated
from operations|||||162,821|401,079| |Net cash provided
by operating
activities|||||162,821|401,079| |Cash flows from investing||activities||||| |Purchase oftangible fixed assets
Purchase offixed asset iuvestments|||||(39,053)|(76,033)
~3,000| |Net cash used in btvescing|activities||||(39,053)|~79 033)| |Cash flows from financing||activities||||| |Luau repayments
in year
Capital repayments
in year|||||(185,153)
(22,764)|(278,!72)| ||||||115,974|| |Net cash used in financing||activities|||~91943)|278,172| |Change in cash and cash|equivalents||in|||| |the reporting
period|||||31,825|43,874| |Cash and cash equivalents||at the||||| |beginning ofthe reporting||period|||482,708|438,834| |Cash and sash equivalenss||at the end|of|||| |the reporting
perled|||||~514 533|~482 708| ## |||||||31.3.23|31.3.22| |---|---|---|---|---|---|---|---| ||Net income for the||reporting|period (as per the Statement ofFtnancial|||| ||Activities)|||||184,039|174,197| ||Adjustments|for:|||||| ||Depreciation|charges||||70,252|78,053| ||(Increase)/decrease||in debtors|||(142)380)|95,863| ||Increase in creditors|||||~50910|52,966| ||Net cash provided||by operafions|||~162821|401,079| |2,|ANALYSIS|OF CHANGES IN NET DEBT|||||| ||||||At 1.4.22|Cash Qow|At31.3.23
f| ||Net cash||||||| ||Cash at bank||||~482 708|~31 825|514,533| ||||||~482 708|31,825|~514533| ||Debt||||||| ||Hire purchase|and finance leases|||(45,843)|11,382|(34,461)| ||Debts falling|due within
1 year|||(146,274)||(146474)| ||Debts falling|due after I year|||(4~032 785|~185153|(3~847,632| ||||||(4~224 902|196,535|(4~028 67| ||Total||||(3~742 194|228360|(3~513 834| ## ## ## ## ## ## |Plant and machinery|20%on reduciug|balance| |---|---|---| |Fixtures and finings|20%on reducing|balance| |Motor vehicles|20%on reducing|balance| ## ## ## |2.|DONATIONS|AND LEGACIES|AND LEGACIES|AND LEGACIES|||| |---|---|---|---|---|---|---|---| |||||||31.3.23|31.3.22| ||Tithes, offerings A||donations|||1,131494|1,120,968| ||Gift aid|||||242,839|209,090| ||Grants||||||54,768| |||||||~1374,233|1,384,826| ||Grants received,|included||in the above, are as follows:|||| |||||||31.3.23|31.3.22| ||||||||f| ||Other grants||||||54,768| |3.|OTHER TRADING ACTIVITIES||||||| |||||||31.3.23|31.3.22| ||Conferences &|Camp meetings||||58,256|40,325| ||Fundraising|||||23,234|20,158| ||Ball hire k rentals|||||259,169|83,157| ||Rent receivable|||||28,000|28,000| |||||||368,659|~171 640| |4.|RAISING FUNDS||||||| ||Raising donations||and legacies||||| |||||||31.3.23|31.3.22| |||||||f|| ||Conferences k|camp meetings||||15,688|3,059| ||Media, CDs R Resources||||||527| |||||||15,688|~3586| |5.|CHARITABLE ACTIVITIES COSTS||||||| |||||||Support|| ||||||Direct|costs (see|| ||||||Costs|note 6)|Totals
f| ||Charitable||||948,069|~614 666|1,562,735| ## ## |SUPPORT COSTS|||| |---|---|---|---| ||||information| ||Management|Finance|technology| ||||f,| |Charttable|233,691|215,389|~3263| ||Human|Governance|| ||resources|costs|Totals| ||||f.| |Charitable|~116413|~45910|614,666| ## ## ## |STAFF COSTS||||| |---|---|---|---|---| ||||31.3.23|31.3.22| |Wages and salaries|||422&031|436,524| |Social security casts
Other pension costs|||50,382
~8103|46,888
7,761| ||||~480 516|491,173| |The average monthly|number ofemployees|during ihe year was as follows:||| ||||31.3.23|31.3.22| |Charitable
and pastoral|||S|8| |Support and administration|||3|3| ||||11|11| ## |||||||Unrestrtc
ted| |---|---|---|---|---|---|---| |||||||Fund| ||INCOME AND ENDOWMENTS FROM|||||| ||Donations
and legacies|||||1,384,826| ||Other trading
activtties
Other income|||||171,640
~24 040| ||Total|||||1,580,506| ||EXPENDITURE ON|||||| ||Ratsing funds|||||3,586| ||Charitable
activities|||||| ||Charitable|||||1,381,373| ||Other|||||~21350| ||Total|||||1,406,309| ||NET INCOME|||||174,197| ||RECONCILIATION||OF FUNDS|||| ||Total funds brought|forward||||5,462,765| ||TOTAL FUNDS CARRIED FORWARD|||||~5636 962| |10.|TANGIBLE FIXEDASSETS|||||| |||||Freehold|Short|Plant snd| |||||property|leasehold|machinery| ||||||F.|| ||COST|||||| ||At I April 2022|||9,325,793|110,859|1,544,667| ||Addidons|||||39,053| ||At 31March 2023|||~925,793|~110859|~1583,720| ||DEPRECIATION|||||| ||At I April 2022
Charge for year|||345,069|4430|1,330,703
~50 603| ||At 31March 2023|||~345069|~4530|~181306| ||NET BOOK VALUE|||||| ||At 31 March 2023|||8,980,724|~106 329|~202 414| ||At 3l March 2022|||8,980,724|~106 329|~213 964| ## ## |for th|e Year Ended 31March 2023|e Year Ended 31March 2023|e Year Ended 31March 2023||||| |---|---|---|---|---|---|---|---| |10,|TANGIBLE FIXEDASSETS - continued||||||| |||||Fixtures|||| |||||and|Motor||| |||||fittings|vehicles
f||Totals| ||COST||||||| ||At 1 April 2022|||120)021|117,431|11,218,771|| ||Addinons||||||39,053| ||At 3I March 2023|||120,021|~117431|~II|57,824| ||DEPRECIATION||||||| ||At 1April 2022|||59,199|80,005|1,819,506|| ||Charge foryear|||12,164|7,485||70,252| ||At 31 March 2023|||71363|~87 490|1)8891758|| ||NET BOOK VALUE
At 31 March 2023|||48,658|~29 941|9,368,066|| ||At 3 l March 2022|||60,822|37426|~9399,265|| |11,|FIXEDASSETINVESTMENTS||||31323||31.3.22| ||Other||||30,000||30,000| ||There were no investment|assets outside|the UK.||||| ||Investments
(neither listed|nor unlisted)|were as follows:||||| ||||||318.23||31.3.22| ||Investments
and projects||||30,000||30,000| |12.|DKBTORSi AMOUNTS|FALLINC DUE WITHIN ONE YEAR|||||| ||||||31.323||31.3.22| ||Other debtors||||42,444||14,444| ||Gilt aid receivable||||~82 494||~73977| ||||||124rt38||88,421| ## ## ## |13.|CREDITORS: AMOUN|TS FALLING DUE WITIDN ONE YE|AR||| |---|---|---|---|---|---| |||||31.3.23|31.3.22| |||||8|| ||Bank loans and overdress|(see note 15)||146,274|146,274| ||Trade creditors|||7)450|6,229| ||Taxation and social security|||187,606|148,472| ||Other creditors|||~10555|7,933| |||||~351885|~308908| |14|CREDITORS) AMOUNTS FALLING DUK AFTERMORE THAN ONE|||YEAR|| |||||31.3.23
f|31.3.22
f| ||Bank loans (see note 15)|||3,847,632|4,032,785| ||Hire purchase
and finance|leases (see note 16)||34,461|45,843| |||||3,882,093|~4,078628| |15.|LOANS||||| ||An analysis ofthe maturity|ofloans is given below:|||| |||||31.3.23|31.3.22| ||Amounts
falling due within one year on demand:
Bank loans|||~146 274|~)46 274| ||Amounts
falling between one aud two yeats:||||| ||Bank loans - 1-2years|||292,548|292,548| ||Amounts
falliug due in more than five years:||||| ||Repayable by instalmentsi||||| ||Bank loans more 5yr by instal|||3855,084|3,740,237| |16.|LEASING AGREEMENTS||||| ||Minimum
lease payments|fall due as follows:|||| |||Hire purchase|contracts|Finance|leases| |||31.3.23|31,3,22|31.3.23|31.3.22| ||Net obligations
repayable:||||| ||Between one and five years|||34,461|57,225| ## |31323|31.3.22| |---|---| |f,|| |~3993906|~4179059| ## ## |MOVEM|ENT|IN FUNDS|||||| |---|---|---|---|---|---|---|---| |||||||Net|| |||||||movement|At| ||||||At 1.4.22|in funds|31.3.23| ||||||I||| |Unrestricted||funds|||||| |General|fund||||5,636,962|184,039|5,821,001| |TOTAL|FUNDS||||~5636962|~184039|~5821,001| |Net movement||in funds, included||in the above are as follows:|||| ||||||Incoming|Resources|Movement| ||||||resources|expended|in funds| ||||||6||| |Uarestrieted||funds|||||| |General|fund||||1,762,462|(1,578,423)|184,039| |TOTAL|FUNDS||||I 162462|~2272,423|114,939| |Comparatives||for moveraent|in|funds|||| |||||||Net|| |||||||movement|At| ||||||At 1.4.21|in funds|31.3.22| |Unrestricted||funds|||||| |General|fund||||5,462,765|174,197|5,636,962| |TOTALFUNDS|||||5462,765|~174 197|5,636,962| |||incoming|Resources|Movement| |---|---|---|---|---| |||resources
f.|expended
f|in funds| |Unrestricted|funds|||| |General fund||1,580,506|(1,406,309)|174,197| |TOTAL FUNDS||1.580506|~7406309|174,197| ||||Net|| |---|---|---|---|---| ||||movement|At| |||At 1.4.21|in funds|31.3.23| ||||f|| |Unrestricted|funds|||| |General fund||5,462,765|358,236|5,821,001| |TOTAL FUNDS||~5,462 765|~358 236|~5821,001| |||Inr.oming|Resources|Movement| |---|---|---|---|---| |||resources|expended|in funds| |||f||| |Unrestricted|funds|||| |General fund||3,342,968|i2,984,732)|358,236| |TOTALFUNDS||3.34 968|~7,984. 32|338,236| ##