REGISTERED CHARITY NUMBER 513110 ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022 The Coton Green Evangelical Free Church Trust Fund **Contents of the Trustees Annual report for the Year Ended 31 December 2022** ||**Page**| |---|---| |Information|1| |Report of the Trustees|2 to 7| |Independent Examiner's Report|8| |Statement of Financial Activities|9| |Balance Sheet|10| |Notes to the Financial Statements|11 to 17| |Detailed Statement of Financial Activities|18| **The Coton Green Evangelical Free Church Trust Fund Information for the Year Ended 31 December 2022** ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Registered Charity number 513110** ## **Principal address** The Coton Centre Comberford Road Tamworth B79 9AA ## **Trustees** Mrs S Gilbert re-appointed 08.06.2023 Chair Mrs N Shearer re-appointed 08.06.2023 Mrs L Thompson re-appointed 14.01.2023 Mr J Knew re-appointed 27.01.2019 retired 27.01.2022 Rev D Shearer appointed 27.01.2019 retired 27.01.2022 Mr P Hudson appointed 17.05.2021 resigned 16.11.23 Mr J Thomlinson appointed 12.11.2023 Mr J Dixon appointed 12.11.2023 ## **Senior Management** Steve Le Page - Full time Pastor (Resigned with effect 11.2.2022) Lindsay Scott - Part time Operations Admin (Resigned with effect 15.05.22) Rev D Shearer - Pastor Emeritus and Elder Bishop D Carr - Spiritual Oversight and Consultant Pastor Jonathan Shearer - Interim Facilitator ## **Bankers** NatWest 8 Market Street Tamworth B79 7LS ## **Independent Examiner** Faisal Muzaffar FCCA Sage Accounting Ltd 19 Lomond Close Tamworth Staffordshire B79 8ET Page 1 ## **Report of the Trustees** ## **for the Year Ended 31 December 2022** The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 December 2022. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2015). ## **Trustees** The Trustees serving during the year and to the present date are listed on page 1. ## **OBJECTIVES AND ACTIVITIES** ## **Objectives of the Church** Advancing the Christian Religion by teaching and establishing the people of God in their faith through weekly ministry and pastoral visiting and by presenting the Lord Jesus Christ and His Gospel through preaching and other proper means to achieve the conversion of those who hear. The Trustees review the aims and objectives and activities on a regular basis. The Church’s Trust Deed was amended on 27 January 2008 to reflect changes in Church life and to update the document in line with current practice. In carrying out this review the Trustees have considered the Charity Commission's general guidance on public benefit and its supplementary public guidance on the advancement of religion for the public benefit. In particular, the Trustees consider how planned activities will contribute to the aims and objectives agreed by the Leadership Team and Pastor. The Church is a member of the Evangelical Alliance. ## **Public Benefit** The principles under which the Charity operates in accordance with its aims and objectives are as follows: - a) There are no restrictions on who can benefit, where they come from, or their financial circumstances, or their ability to pay, where charges are levied. - b) Benefits to the public are not restricted to members of the church or to regular churchgoers. - c) The facilities provided are accessible and open to all. - d) The Charity wants to see all people regardless of race, creed or social standing, coming to a saving knowledge of Jesus Christ as their Lord and Saviour. ## **Provision of Church and Worship Services** - Weekly services available to the public ## **Provision of Public Ceremonies** - Celebration of marriages, funerals and baptisms. ## **Contributing to the Spiritual Wellbeing of the Public** - Regular prayerful intercession for the towns and villages and our nation and other nations. ## **Contributing to the Spiritual and Moral Education of Children and Young People** - Providing facilities for a parents and tots group and the Pre-school. - Providing facilities for various youth groups/clubs to meet. - Providing opportunities for children, young adults/youth development team-building and the study of religious - teachings, practices and instruction. Page 2 ## **Contributing towards promoting Social Cohesion** - Promoting the study of religious teachings and practices and scriptures in homes - Holding regular women's fellowship events and meetings - Holding regular men's fellowship events and meetings - Holding events at the Centre open to all users and the public such as fun days and special evening services ## **Pastoral and Missionary Work (UK and Overseas)** - Visiting the sick - Prison ministries - Hospital visiting ## **Contributing to Mental and Physical Health and Well-being** - Holding exercise classes in the building. ## **Provision of a Building for Use, Hire or Letting** - The building is used as a major training venue for teachers, social services and health service staff - The building is a major concert venue for school orchestras from all over the region and for choirs, musical and drama groups - • The building is used by support groups for parents with critically ill children and young people and adults with learning difficulties - The building is used by Coton Green Ladies (a local social group) on Monday evenings - The building is used weekly by sensory groups for babies and young children - The building is used weekly by groups for children and young adults to participate and learn the art of dance, drama and musical theatre - Use of the building and car park by the local school for major public events and parents’ evenings - Promotion of musical and theatrical liturgy from time to time - The building is used by local interest groups and community groups, bodies and organisations. ## **Providing Information to the Public** - Development and maintenance of the church website - Displaying information on the notice boards in the building - Regular updates on social media platforms e.g. the church Facebook page. ## **Review of Activities** The statement of financial activities for the year is set out on page 9 of the financial statements. A summary of the financial results and the work of the charity is set out below. ## **The Church** Steve Le Page held the position of full time Pastor and after his resignation, the church was led on an interim basis by Pastor D Shearer and the Board of Trustees. Jonathan Shearer held the position of Interim Facilitator in addition to coordinating church meetings. The full list of Trustees, including appointments and retirements is given on page 1. Our main worship service takes place on Sunday morning at The Coton Centre. There is regular intercessory prayer, both corporate and individual, through regular Sunday evening prayer meetings, in addition to church together meetings and prayer requests via our intercessory prayer coordinators - where specific prayerful intercession for our community and nation takes place. The public can access information and contact us via our website, podcasts and social media platforms. The church operates a number of groups for children and youth which are held during part of the Sunday morning worship service-giving them access to age appropriate bible teaching, fun crafts and activities that they can share and enjoy with their peers. In addition to this, the church's other areas of work with children and youth (including those who do not regularly attend church) continues to flourish. Our youth group meets weekly on Wednesday evenings for 11 to 18 year-olds. We continue to be blessed by the many volunteers who assist in the Centre throughout the year and help us, as a church, to offer so many vital groups and services to our community. Page 3 ## **The Coton Centre** The Centre generally continues to have regular use for church activities. The Trustees and wider leadership team have made a full review of all Centre income and expenditure with opportunities for external lettings of the Coton Centre increasing, upgrading of all Centre lighting to LED, faulty double glazed windows starting to be replaced and a full electric test carried out in order to conform to regulatory standards. Trustees acknowledge there is still some work to be done over time and when finances allow, to bring the infrastructure and facilities of the Centre fully up to date to enable the building to be utilised by the church and other users to its maximum potential and at a manageable cost. Church activities using the Centre during the year, with Covid regulation still in place have included: - Term time Pre-school - Sunday Evening Prayer Group - Youth Group on Wednesday evenings - Ladies Fellowship events - Men's Fellowship events - Parents/Carers and Tots morning As well as for the church activities listed, our building is used as a major training venue for teachers, social services, and health service staff. It is also a major concert venue for school orchestras from all over the region, and for choirs, and musical and drama groups. We continue a regular weekly booking for S.P.I.N. Tamworth (a Charity for Special People in Need), which can hold its weekly event in a user-friendly, suitable venue. Our car park is used by the adjacent local school for major public events and parents’ evenings, and by the local Round Table. We have weekly babies and children's group bookings from Rock School, Bloom Baby, Glow Bambinos and Upbeat Dance. We are very blessed indeed. ## **Coton Green Church Pre-School** Pre-school numbers have continued to remain strong and the solid reputation of our organisation is enhanced by word-ofmouth recommendations. The Ofsted 'Good' rating is testament to the hard work and dedication of the Pre-school staff. We see Pre-school as an important part of the ministry of the church. ## **Financial Review of the Church** We note the decrease in incoming resources in 2022 from £349,633 to £252,614 in total due to a number of reasons. In the year 2021, the use of The Coton Centre as a Covid-19 vaccination centre unexpectedly and significantly contributed to the increase in unrestricted income in addition to the benefit of income from Government furlough support, neither of which happened in 2022. Giving significantly dropped in 2022 in addition to there being a temporary halt in the recovery of gift aid due to access issues. Overall expenditure reduced for the year with a reduction in staff wages and related costs but an increase in legal and professional fees which were significantly higher than originally anticipated. In order to cope with the national expected rise in utilities, trustees took the decision to start the process of updating the lighting and heating systems to be more energy efficient and this is reflected in the stability of these costs in 2022. A full breakdown of prior year income and expenditure between restricted and unrestricted funds can be found in note 8 of the accounts. The resulting total deficit of £48,780 has resulted in an decrease in the total funds of the charity to £1,587,910 (2021: £1,636,690). The Trustees are ever grateful for all funds received and thank all those who have freely contributed to the funds of the church. There have been times when there has been a shortage of funds but the Lord and His people have always intervened. Trustees would ask those who are considering making a gift for a specific purpose to consider instead giving without restriction as to the use of these gifts. In this way funds can then be channelled to where they are needed most. We remain confident of the underlying financial health of the charity and its effective use of resources for the Kingdom of God. Page 4 ## **Reserves Policy** The level of reserves is reviewed each year to ensure that current assets exceed all liabilities. We have maintained a minimum of £30k buffer within the cash flow over the year, ensuring that there was no need to rely on the agreed banking overdraft. We seek continued improvement in this area, and we aim to build and maintain a level of free reserves over the coming years, which will equate to a minimum of 3 months of operational costs. ## **Risk Management** The Trustees understand the risks to the Charity and these are reviewed as part of their monthly meetings through evolved Governance and the use of key performance indicators (KPI). Trustees strive to ensure that the Charity is not exposed to significant external risk but where risks have been identified they are reviewed and followed up accordingly. Internal risks are minimised by putting in place agreed policies and by implementation of procedures. ## **Health and Safety** The Trustees are aware that many of the Church's activities have Health and Safety implications. They are satisfied that the Health and Safety policies are robust and meet our present needs but maintain a constant review of circumstances. They give glory to God for answered prayer and His continued protection and graciousness. Standard operating procedures remain as follows: - All events are fully supervised 100% of the time on an activity level rather than event level basis. Responsibility is with the event organiser. - Supervisors for events are decided in advance and due regard is given to the ages of supervisors, ages of attendees, and risks involved. - Separate risk assessments are produced for specific events that fall outside of normail activity patterns. - Extraordinary event risk assessments are signed off by two Trustees. ## **Performance against 2021 Plan** Our agreed plan for 2022 included the following objectives: 1. To continue to monitor closely the finances of the church and look at building up the financial reserves of the Church and Centre. 2. To complete the process of incorporation (CIO). 3. Investigate and actively look at all funding options open to the Charity. 4. Investigate and look at ways of implementing initiatives, which will require investment, to allow increased revenue income, e.g. infrastructure increased lettings 5. To continue to pay 5% of offerings to Mission Fund. 6. To review discretionary pay awards to Staff, subject to available finance. Trustees note that items 1,3,4,5 and 6 were completed for the year and should remain a consideration for future years. Whilst some good progress has been made on items 2, there is still more work to be done. Page 5 ## **Future Plans** The Lord has protected us over the years and our primary trust is still in Him, but we must still act responsibly with all the resources He gives us, and this is the basis on which we have agreed our plan for 2023. Underpinning all our plans is the desire to seek His will in all things and to work as one with the Pastor and Leadership Team in preparing His Church for His purpose. The Trustees recognise that the Church and its members are not immune from the financial difficulties facing our nation and the world at the present time. The Trustees, continue to estimate anticipated income and expenditure for the coming year. As a result of this the Trustees have approved the following course of action: 1. To continue to monitor closely the finances of the church and look at building up the financial reserves of the Church and Centre. 2. To implement the process of incorporation (CIO). 3. Investigate and actively look at all funding options open to the Charity. 4. Investigate and look at ways of implementing initiatives, which will require investment, to allow increased revenue income, e.g. infrastructure 5. To continue to pay 5% of offerings to Mission Fund. 6. To review discretionary pay awards to Staff, subject to available finance. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Status** The Church is regulated by a Trust Deed dated 26 August 1982 (last amended on 27 January 2008) and registered with the Charity Commission under charity number 513110. ## **Appointment of Trustees** The Trustees are appointed from within the membership of the Church by the existing Trustees and Leadership Team, and endorsed by the Deacons, for a period of three years, which is renewable. The Trustees are aware of their responsibility to ensure that the mix of Trustees appropriately meets the needs of the Church, and continue to identify, with the Leadership Team, potential Trustees from within the membership. All Trustees are aware of their legal and financial responsibilities and receive regular briefings and access to training. New Trustees are given appropriate information on appointment. Trustees bring with them significant experience of a wide range of business skills. All Trustees give their time voluntarily and receive no benefits from the Church. Any expenses reclaimed from the Church are set out in note 7 to the financial statements. Page 6 aFiUes Art 2011 requlre5ts*Th*ee5 Ctsrty to werorefiwxkl ¥tateT￿tsts finaTrJal Ipjrvknlth g a true arKI fair vkn of the ChwW5 finand￿ yew (ts flMrKsal &the cl ts y. In preparkno the fiThindal statem¥ts fokn tat aTh1: the *3ternent C￿rty I￿11 contthue In ¢JperdthyL J of frwJ lryu*rlt Tmtees extert tmr wwme* thanks to am Klut*Ee15 ftylthlr excdlwrt ¥¥ork duiknj yow. We who tsthfLIty serve the Loré thrtx4h Churth in al115 mlr45ty. Tr ￿Urth rele4*5 Into to our kKal (fjmmunty to the nab.orts of w￿10, pry Atrn all *e tJ4¥th tknj, Fts of tho andw swd on ts bthaybv.. N. L Thorypxjn Pa¥e 7 ## **Independent Examiner's Report to the Trustees of The Coton Green Evangelical Free Church Trust Fund** ## **Independent examiner's report to the trustees of Coton Green Evangelical Free Church** I report to the charity trustees on my examination of the accounts of the Coton Green Evangelical Free Church (the Trust) for the year ended 31 December 2022. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** Since your charity's gross income didn't exceed £250,000 your examiner doesn't need to be a member of a listed body but it is always better to get your books checked by a qualified person. I can confirm that I am qualified to undertake the examination because I am a registered member of the ACCA which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. Accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. The accounts do not accord with those records; or 3. The accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Page 8 ## **The Coton Green Evangelical Free Church Trust Fund** ## **Statement of Financial Activities** ## **for the Year Ended 31 December 2022** |**Notes**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
**Charitable activities**
Charitable activities
3
Other income
**Total**
**EXPENDITURE ON**
Charitable activities
5
**Total**
NET INCOME / (DEFICIT)
TRANSFER OF FUNDS
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|**Unrestricted**
**fund**
**Restricted**
**fund**
**2022**
**2021**
**Total funds**
**Total funds**

**£**
**£**
**£**
**£**
73,393
1,000
**74,393**
**126,489**
177,602
-
**177,602**
**223,144**
618
-
**618**
**-**| |---|---| ||251,614
1,000
**252,614**
**349,633**
301,394
-
**301,394**
**311,030**| ||301,394
-
**301,394**
**311,030**
(49,780)
1,000
**(48,780)**
**38,603**
22,639
(22,639)
-
-
1,575,135
61,555
**1,636,690**
**1,598,087**
1,547,994
39,916
**1,587,910**
**1,636,690**| The notes form part of these financial statements Page 9 lanceshert At 31 Dec•mb¢r1022 2021 20 aM¢ts 1517.491 31,518 7,215 J3W7 41,122 720 35.276 4l521 16,061 78.211 2n (10,620) {iowo) (13217) I￿17.994 >J,916 1587,910 1.547.991 39,916 5•7,910 4030,690 FUNDS Unrthfctèj fvrKIJ 14 IA47,991 39,916 I,S7S,IJS 6t,￿5 TOTALFUNDS N. Pay 10 ## **1 ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention with the exception of investments which are included at market value. ## **Incoming resources** All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is legally entitled to the income after any performance conditions have been met and the amount can be quantified with reasonable accuracy and it is considered probable that the income will be received. ## **Grants receivable** Grants receivable are credited to Statement of Financial Activities (SOFA) when the charity has entitlement, it is probable that the income will be received, and the amount can be measured reliably. If entitlement is not met then these amounts are deferred. ## **Resources expended** All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is categorised under the following headings: - - Charitable activities include church and ministry related costs of the book shop and Coton Centre - Other expenditure represents items not falling in the categories above. ## **Support costs allocations** Support costs are those that assist the work of the charity but do not directly represent charitable activities. They include office costs, governance and professional services. They are included directly in support of expenditure on the objects of the charity. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources. ## **Tangible fixed assets** Tangible fixed assets are stated at cost less depreciation. Depreciation is calculated to write off the cost of the tangible fixed asset over it’s useful economic life. The depreciation method and rate used are: - Freehold land Nil Nil – The trustees consider that the residual value of the freehold building is equal to Freehold buildings the cost stated in the financial statements Computer Equipment 33.33% straight line basis All other assets 25% reducing balance basis Freehold land and buildings are subject to an annual impairment review by the trustees. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Funds accounting** Funds held by the charity are: - Unrestricted general funds Designated funds Restricted funds These are funds which can be used in accordance with the charitable objects at the discretion of the trustees These are funds set aside by the trustees for specific purposes These are funds donated or granted for a specific purpose Page 11 ## **ACCOUNTING POLICIES continued** ## **Operating leases** Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the term of the lease. ## **Pension costs and other post-retirement benefits** The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. ## **Judgements and key sources of estimation uncertainty** The following judgments have been made in the process of applying the accounting policies that have had the most significant effect on amounts recognised in the Financial Statements: ## Residual value of the freehold property There are no key sources of estimation uncertainty that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year |**2DONATIONS AND LEGACIES**
Offerings and gifts
Covenanted gifts and gift aid
Income tax recoverable
Government grant - CJRS
Charities Aid Foundation
XLM income and grants
**3**
**CHARITABLE ACTIVITY INCOME**
**Activity**
The Coton Centre (see note 5)
Youth activities
Special church events
**4INDIRECT SUPPORT COSTS**
Finance cost
Depreciation
Legal & professional
IT / Media
Photocopier lease
Independent examination fee|**General**
**£**
**Restricted**
**£**
**2022**
**Total**
**£**
**2021**
**Total**
**£**
41,436
-
41,436
41,577
31,958
-
31,958
59,055
-
-
-
14,844
-
-
-
10,513
-
1,000
1,000
-
-
-
-
500| |---|---| ||73,393
1,000
74,393
126,489| ||**General**
**Restricted**
**2022**
**2021**
**£**
**£**
**£**
**£**
177,602
-
177,602
220,785
-
-
-
170
-
-
-
2,189| ||177,602
-
177,602
223,144
**General**
**Restricted**
**2022**
**2021**
**£**
**£**
**£**
**£**
810
-
810
1,315
4,025
-
4,025
2,754
52,508
-
52,508
8,307
2,921
-
2,921
2,851
1,789
-
1,789
1,418
1,200
-
1,200
1,980
63,253
-
63,253
18,625| Page 12 ## **5 CHARITABLE EXPENDITURE** |Youth activities
Teaching & ministry
Salaries
Pension costs
Church events
Sundry expenditure
Subscriptions
Staff Christmas gifts/benefits
Missions board
Other missions expenditure
XLM
Coton centre (see below)
Building costs
Indirect support costs(see note 4)
**The Coton Centre**
**Income**
Pre-school: LEA government funding
Pre-school and playgroup income
Lettings including catering
**Expenditure**
Purchases of materials/resources
Salaries
Kitchen and catering
Heat and light
Stationery, postage & telephone
Insurance
Cleaning and maintenance
Rebillable centre costs
Sundry expenditure
Surplus / (Deficit)|**2022**
**2021**
**General**
**Restricted**
**Total**
**Total**
**£**
**£**
**£**
**£**
-
-
-
302
6,285
-
6,285
2,177
20,870
-
20,870
84,837
3,257
-
3,257
6,048
653
-
653
1,782
2,095
-
2,095
1,259
1,688
-
1,688
2,622
500
-
500
602
7,006
-
7,006
8,300
-
-
-
100
-
-
-
500
195,787
-
195,787
183,455
-
-
-
420| |---|---| ||238,140
-
238,140
292,404
63,253
-
63,253
18,625| ||301,394
-
301,394
311,029| ||**2022**
**2021**
**General**
**Restricted**
**Total**
**Total**
**£**
**£**
**£**
**£**
133,229
133,229
119,413
14,565
14,565
37,650
29,808
-
29,808
63,722| ||177,602
-
177,602
220,785
3,108
3,108
3,457
140,610
140,610
123,874
-
-
1,625
13,601
13,601
17,852
2,606
2,606
4,776
4,565
4,565
3,962
31,296
31,296
25,208
-
-
-
2,153
-
-
-
548| ||195,787
-
195,787
183,455
(18,184)
0
(18,184)
37,330| Page 13 |**STAFF COSTS**
Wages and salaries
Social security
Pension costs
No employees have received income benefits of over £60,000
The average number of employees during the year (full-time basis):|**2022**
**Total**
**£**
**2021**
**Total**
**£**
157,200
200,954
4,280
7,757
3,257
6,048| |---|---| ||164,737
214,759| ||9
14| ## **6 STAFF COSTS** ## **7 TRUSTEES AND KEY MANAGEMENT PERSONNEL REMUNERATION AND EXPENSES** The Trustees have not received nor waived any remuneration and expenses during the year (2021: Nil). The total amount of employee benefits (salary and pension) received by key management personnel is £11,533 (2021: £57,715). The Trustees consider the key management personnel to be the Pastor, Steve Le Page and the Operations Manager, Lindsay Scott. Reimbursement of travel expenses for key management personnel totalled £Nil (2021: £Nil). ## **8 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** |**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**Charitable activities**
Charitable activities
Other income
**Total**
**EXPENDITURE ON**
Charitable activities
Total
**NET INCOME / (DEFICIT)**
TRANSFER OF FUNDS
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|**Unrestricted**
**Restricted**
**Total Fund**
**Fund**
**£**
**Fund**
**£**
**£**
115,833
10,656
126,489
223,144
-
223,144
-
-
-| |---|---| ||338,977
10,656
349,633
303,308
7,722
311,030| ||303,308
7,722
311,030
35,669
2,934
38,603
229
(229)
-
1,539,237
58,850
1,598,087
1,575,135
61,555
1,636,690| Page 14 ## **9 TANGIBLE FIXED ASSETS** |**Freehold**
**property**
**Plant &**
**fixtures**
**Computer**
**equipment**
**£**
**£**
**£**
**COST**
At 1 January 2022
1,548,090
84,510
2,943
Additions
-
-
4,400
At 31 December 2022
1,548,090
84,510
7,343
**DEPRECIATION**
At 1 January 2022
-
77,862
2,047
Charge for year
-
1,662
2,363
At 31 December 2022
-
79,524
4,410
**NET BOOK VALUE**
At 31 December 2022
1,548,090
4,986
2,934
At 31 December 2021
1,548,090
6,647
896
**10 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**2022**
**£**
Debtors
7,245
7,245
**11 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**2022**
**£**
Trade creditors
-
Taxation and social security
3,492
Other creditors
7,128
10,620
**12 ANALYSIS OF FUNDS**
**Analysis of funds**
**31.12.2022 31.12.2022**
**Fixed assets**
**Net current**
**assets**
**£**
**£**
Unrestricted funds
1,517,491
30,502
Restricted funds
38,518
1,398
1,556,009
31,901|**Freehold**
**property**
**Plant &**
**fixtures**
**Computer**
**equipment**
**£**
**£**
**£**
1,548,090
84,510
2,943
-
-
4,400|**Freehold**
**property**
**Plant &**
**fixtures**
**Computer**
**equipment**
**£**
**£**
**£**
1,548,090
84,510
2,943
-
-
4,400|**Freehold**
**property**
**Plant &**
**fixtures**
**Computer**
**equipment**
**£**
**£**
**£**
1,548,090
84,510
2,943
-
-
4,400|**Totals**
**£**
1,635,542
4,400| |---|---|---|---|---| ||1,548,090
-
-|84,510
77,862
1,662|7,343
2,047
2,363|1,639,943
79,909
4,025| ||-
1,548,090|79,524
4,986|4,410
2,934|83,934
1,556,009| ||1,548,090|6,647|896|1,555,634| |||**2022**
**£**
7,245
7,245
**2022**
**£**
-
3,492
7,128
10,620
**31.12.2022 31.12.2022**
**Fixed assets**
**Net current**
**assets**
**£**
**£**
1,517,491
30,502
38,518
1,398|**2022**
**£**
7,245|**2021**
**£**
16,062| ||||7,245|16,062| ||||**2022**
**£**
-
3,492
7,128|**2021**
**£**
2,053
2,737
8,427| ||||10,620|13,217| |||||**31.12.2022**
**Total**
**£**
1,547,994
39,916| |||1,556,009
31,901||1,587,910| Page 15 ## **13 OPERATING LEASE COMMITMENTS** At 31 December 2021 the charity had total future minimum lease payments under non-cancellable operating leases falling due as follows: |falling due as follows:|| |---|---| |Within 1 year
In 1 - 5 years|**2022**
**2021**
**£**
**£**
-
705

-
-| ||-
705| ## **14 MOVEMENT IN FUNDS** |**General Purpose Fund**
**Designated funds**
Youth fund
Missions Board fund
Building improvements fund
**Total designated funds**
**Total unrestricted funds**
**Restricted funds**
Christmas meal fund
Personal gift fund
Pre-school gift fund
Charities Aid Foundation
Missions fund
Nursery play area fund
Building fund
**Total restricted funds**
**Total funds**|**At**
**01.01.2022**
**Incoming**
**Resources**
**Outgoing**
**Resources**
**Transfers**
**At 31.12.2022**
**£**
**£**
**£**
**£**
**£**
1,563,992
251,614
(301,394)
34,984
1,549,196| |---|---| ||4,209
-
-
(4,209)
-
723
-
-
(1,925)
(1,202)
6,211
-
-
(6,211)
-| ||11,143
-
0
(12,345)
(1,202)| ||1,575,135
251,614
(301,394)
22,639
1,547,994| ||398
-
-
-
398
2,986
-
-
(2,986)
0
350
0
(350)
-
-
1,000
-
-
1,000
-
-
-
-
-
48
-
-
-
48
57,773
-
-
(19,303)
38,470| ||61,555
1,000
0
(22,639)
39,916| ||1,636,690
252,614
(301,394)
-
1,587,910| Page 16 ## **15 PURPOSE OF FUNDS General Funds** These are funds available for any purpose within the church’s charitable objects at the discretion of the board of Trustees. ## **Designated Funds** ## **Youth Fund** This is to further the objectives of the charity by the provision of leisure and training activities for children and teenagers. ## **Missions Fund** This fund arises by a weekly transfer of 5% of church tithes in addition to specific gifts that are categorised under the restricted funds heading. The fund is administered by a Missions Board and is used to support missions in the broadest sense, consistent with the objectives of the church. ## **Building Improvement Fund** As a result of the need for some extensive works on the Coton Centre electrical systems during 2019, the Leadership and Trustees made an appeal to the Church for a ‘heap’ offering. Whilst the funds were collected for use on any purposes required by the Church, we have first and foremost designated these funds for use on costs associated with the repair, replacement and bringing up to current standards [taking account of energy efficiency] the lighting and heating systems of the Coton Centre. ## **Restricted funds** These are gifts and grants received with a specific purpose and expenditure is thus restricted in line with the stated purpose of the donor or grantor. Depreciation of fixed assets purchased from these funds is charged thereto in the accounts. ## **16 RELATED PARTY DISCLOSURES** Information in respect of Related Party Transactions and outstanding balances is set out below: Donations, without conditions, received from Trustees, key management personnel and other related parties totalled £16,790 (2021: £24,634) inclusive of gift aid tax recoverable. Page 17 |**Detailed Statement of Financial Activities**
**for the Year Ended 31 December 2022**
**INCOME AND ENDOWMENTS**
**Donations and legacies**
Offerings and gifts
Covenanted gifts and gift aid
Income tax recoverable
Government grant - CJRS / Furlough support
Charities Aid Foundation
XLM Income
**Charitable activities**
The Coton Centre
Youth activities
Special church events
**Other income**
Other income
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Wages
Social security
Pensions
Staff Christmas gifts/benefits
Insurance
Light and heat
Stationery, postage and telephone
Sundries
Church events expenditure
Missions board and other missions donations
Other Pre-school and nursery costs
IT and Media
Kitchen and catering
Legal and professional fees
Cleaning and maintenance
Subscriptions
Teaching and ministry
Bank charges
Accountancy fees
Youth activities
XLM Costs
Building costs
Rebillable centre costs re/ lettings
Photocopier lease
Depreciation of tangible fixed assets
**Total resources expended**
**Net income / (deficit)**||**2022**
**£**
41,436
31,958
-
-
1,000
-
74,393
177,602
-
-
177,602
618
252,614
157,200
4,280
3,257
500
4,565
13,601
2,606
2,095
653
7,006
3,108
2,921
-
52,508
31,296
1,688
6,285
810
1,200
-
-
-
-
1,789

4,025
301,394
(48,780)||**2021**
**£**
41,577
59,055
14,844
10,513
-

500
126,489
220,785
170

2,189
223,144
-
349,633
200,954
7,757
6,048
602
3,962
17,852
4,776
1,808
1,782
8,400
3,457
2,851
1,625
8,307
25,208
2,622
2,177
1,315
1,980
302
500
420
2,153
1,418

2,754
311,030
38,603| |---|---|---|---|---| |||||| |||||| |||||| Page 18