Registered Charity Number: 514852
Registered Company Number: 01786058
FAMILY CHURCH REPORT AND ACCOUNTS FOR THE YEAR ENDED
31 MARCH 2023
Family Church Reports and accounts
Contents
| Page | |
|---|---|
| Trustees’ Report | 3 |
| Statement of Directors’/Trustees’ Responsibilities | 5 |
| Independent Examiner’s Report | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 11 |
| Statement of cash flows | 12 |
| Notes to the accounts | 13 |
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Family Church
The report of the Trustees for the year ended 31 March 2023
Introduction
The trustees present their annual director’s report and financial statements for the year ended 31 March 2023, which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.
The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association and 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).
Purpose and Activities of the Charity
The purpose for the charitable company is established are:
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The advancement of the Christian religion through the worship of God
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The advancement of the education of children generally by the provision, maintenance and conducting of a school
Achievements and performances
AGM 16th October 2023 – Leaders Report (period 1st April 2022-31st March 2023)
Throughout the 2022-2023 financial year, we have continued with all our usual Sunday services at each of our church locations, which have included some baptism services throughout this time. Kids Church and Youth sessions in the form of The Ark, Dynamite, Ignite and X-Stream have continued at Billinge, with a Kids Church taking place at Westhoughton and Skelmersdale, during the Sunday services.
Our DC Groups have continued, with some having residential trips away, there have been social times and times of bible study, prayer, and fellowship, as DC Group leaders have led their individual groups, tailoring them to their members’ needs. Westhoughton local gatherings have taken place prior to DC Groups being set up in the form of ‘Fireside Chats’ for members and Table Talk bible studies.
Our DC Kids, DC Youth and Sunshine Club have been running throughout the school terms during this period too, at our Billinge Site. The highlights have been a jungle themed Light the Night party and Youth hang out space, a ‘Starting Line’ mini-Alpha course for the DC Kids, with Bibles being presented to the children at our Christmas Service in Billinge and a Christmas Party for our DC Kids and Sunshine Club.
12 youth and young adults from our churches joined with thousands of their peers for a summer Christian festival called Limitless. This involved 5 days of camping, fun, games, and sports, also 2 gatherings each day to worship, pray, Bible study and grow in faith. This annual festival is a real blessing and a highlight of the year for our youth and young adults.
Prayer meetings continued with an early morning prayer session beginning at Westhoughton. The daily online prayer meetings have continued from the Covid season, for all locations and Monday evening prayer meetings have been online and more recently, some of these have been ‘in person’ at Billinge. In January we began Prayer and Fasting evenings, which were repeated in May and June this year. Also, worship meetings have been held, called ‘Encounter’ at Westhoughton.
The Storehouse Project, which is the main missional arm of the church, has received ongoing support from the senior pastors, Stephen & Rachel, on behalf of the wider leadership team. They’ve regularly attended the Storehouse Board meetings to support with their transition from a warehouse that was no longer fit for purpose, relocating their offices and some of the storage back to Billinge, preparatory support for the new Grace Shop at the
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Family Church The report of the Trustees for the year ended 31 March 2023
Concourse Shopping Centre and with the Storehouse Sunday and BIG Give event at Billinge.
Some of the additional highlights from the year are:
5th June 2022 Queens Jubilee – Celebrations took place at Billinge for the Billinge and Skelmersdale Churches and events were held at Westhoughton.
Summer 2022 – Youth Limitless trip October – Storehouse Sunday 31st October – Light the Night and Youth hang out space December 2022 – DC Kids – Alpha Course and Bible presentations at Christmas December 2022 – DC Kids & Sunshine Club Christmas Party December 2022 – Shoebox Appeal – 84 Boxes were filled and sent to Samaritan’s Purse December 2022 – The BIG Give – Storehouse Hamper Packing during our Sunday Service at Billinge February 2023 – Online Alpha 26th February – Elder Tunji leaving service April 2023 – Easter Service
Financial Review
Policies on reserves
Adequate reserves are maintained to fund the charity’s activities for at least six months forward.
Availability and adequacy of assets of the funds.
The board of Trustee is satisfied that the charity assets in each fund are available and adequate to fulfil its obligations I respect of reach fund.
Transactions and Financial position
The Statement of Financial Activities show outgoing resources for the year of a revenue nature of £39,695 (2022: £8,615).
The total reserve at the year-end stand at £1,112,571 (2022: £1,152,266).
Free unrestricted liquid reserves amounted to £64,917 (2022: £87,886).
Share Capital
The Company is limited by guarantee and therefore has no share capital.
Reference and administrative details
Date of incorporation: 25 January 1984 Company Registration Number: 01786058 The Registered Office is: Koinonia, 31 Crank Road, Billinge, Wigan. WN5 7DT Charity Registration Number: 514852 Telephone: 01744 894374 Email: info@familychurch.org.uk
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Family Church
The report of the Trustees for the year ended 31 March 2023
Directors and trustees
The trustees, who are also directors, through the year were: Tanel Lokuta Gaynor Mobey (Secretary) Emma Davies Paul Boardman (appointed 3 July 2023) John Miller (appointed 3 July 2023) Stephen Kerry (resigned 18 December 2023) Jonathan Dickson (resigned 25 April 2023) Bethan Boardman (resigned 31 May 2023) Olufunso Aribisala (resigned 16 October 2023) Charlotte Hill (resigned 19 April 2023) Daniel Buck (resigned 4 March 2023)
All the directors of the company are also the Trustees of the charity, and their responsibilities include all the responsibilities of the directors under the Companies Acts and of Trustees under the Charities Act.
The Board of trustees held regular meetings across the year, with 85%+ attendance for each meeting.
Nature of the Governing Documents and Constitution of the Charity
The Organisation is a charitable company limited by guarantee, incorporated on 25 January 1984 and registered as a charity on 26 March 1984. The Company was established under a Memorandum of Association, which established the objects and powers of the charitable company and is governed under its Article of Association. In the event of the company being wound up, members are required to contribute an amount not exceeding £100.
The methods adopted for the recruitment and appointment of new trustees
The directors of the company are also charity trustees for the purpose of charity law and under the Company’s Articles the directors are known as members of the charity.
The directors are chosen to bring a wide variety of skills to the charity management.
Independent Examiner
Malcolm Wright, Elpizo Limited, Chartered Accountants, 13 Village Road, Higher Bebington Wirral, CH63 8PP.
Statement of Director’s and Trustees’ Responsibilities
The charity trustees (who are also the directors of the charitable company for the purpose of company law) are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and of the
incoming resources and application of resources, including the income and expenditure, of the charitable group for that period. In preparing the financial statements, the trustees are required to:
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Select suitable accounting policies and then apply them consistently
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observe the methods and principles in the Charities SORP
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make judgements and estimates that are reasonable and prudent
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Family Church The report of the Trustees for the year ended 31 March 2023
state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements.
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Statements as to disclosure to our independent examiner
In so far as the trustees are aware at the time of approving our trustees’ annual report: There is no relevant information, being information needed by the independent examiner in connection with preparing their report, of which the group’s auditor is unaware, and the trustees, having made enough enquiries of fellow directors that they ought to have individually taken, have each taken all steps that he/she is obliged to take as a director in order to make themselves aware of any relevant independent examination information and to establish that the independent examiner is aware of that information.
By order of the board of trustees
This report was approved by the board of Trustees on 29 December 2023
Signed:
Emma Davies Director/Trustee
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Family Church Independent Examiner’s Report to the Trustees of the Charity Report of the Independent Examiner to the Trustees on the accounts of the Charity for the year ended 31 March 2023
I report on the financial statement of the charitable company on page 8 to 18 for the year ended 31 March 2023.
This report is made solely to the charity’s trustees, as a body, in accordance with Section 145 of the Charities Act 2011. My examination has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in an Independent Examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and charity’s trustees as a body, for my examination, for this report, or for the opinions I have formed.
Respective responsibilities of the Trustees and Examiner
As the charity trustees, who are also directors of the company for the purpose of the company law, you are responsible for preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the charity is not subject to audit under company law and under section 144(2) of the Charities Act 2011 (“the Charities Act”) and is eligible for independent examination. It is my responsibility to:
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Examine accounts under the section145 of the Charities Act;
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Follow the procedure laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the Charities Act; and
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To state whether particular matters have come to my attention
Basis of opinion and scope of work undertaken
My examination was carried out in accordance to general directions given by the charity commission. An examination includes a review of accounting records, kept by the charity and a comparison of accounts presented with those records. It also includes consideration of any unusual items of disclosures in the accounts and seeks explanations from the Trustees concerning any such matters. The procedure undertaken does not provide all the evidence that would be required in an audit. Consequently, no opinion is given to whether the accounts present a true and fair view and report is limited to the matters set out in the statement below.
Independent Examiner’s Statement
In connection with examination, no matters have come to my attention;
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Which gives me reasonable cause to believe that in any material respect the requirements;
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To keep accounting records in accordance with section 386 of the Companies Act 2006; and
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To prepare accounts which accord with the accounting records and comply with accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statements of Recommended Practice: Accounting and reporting by Charities have not been met; or,
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To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Malcolm Wright, Chartered Accountant Elpizo Limited, 13 Village Road, Higher Bebington, Wirral CH63 8PP
The date upon which my opinion is expressed is: 29 December 2023
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Family Church Statement of Financial Activities For the year ended March 2023
| Unrestricted | Unrestricted | Restricted | Total | Last Year | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | Total Funds | ||
| 2023 | 2023 | 2023 | 2022 | ||
| Notes | £ | £ | £ | £ | |
| Income | |||||
| Donations and legacies | 3 |
194,065 | - |
194,065 | 183,929 |
| Other income | - | - |
- | 1,698 | |
| Investment Income | 4 | - | - |
- | 484 |
| Total Income | 194,065 | - | 194,065 | 186,111 |
|
| Expenditure | |||||
| Expenditure on charitable | |||||
| activities | 5 |
233,760 | - | 233,760 | 194,726 |
| Total expenditure | 233,760 | - | 233,760 | 194,726 | |
| Net income/(expenditure) for the year | |||||
| (39,695) | - | (39,695) | (8,615) | ||
| Gross transfer between funds |
- | - | - | -___ | |
| Net movement in funds | (36,695) | - | (36,695) | (8,615) | |
| Total funds brought forward |
1,152,266 | - |
1,152,266 | 1,160,881 | |
| Total funds carried forward | 1,112,571 | - | 1,112,571 | 1,152,266 |
The net movement in funds to above in the net incoming resources as defined in the statement of Recommendation Practice for Accounting and reporting issued by the Charity Commission for England and Wales and is reconciled to the total funds as shown in the Balance Sheet on page 11 as required by the said statement.
All activities derive from continuing operation
The notes on page 13 to 18 form an integral part of these accounts
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Family Church Statement of Financial Activities for the year ended March 2023 Analysis of prior year total funds as required by paragraph 4.2 of Statement of Recommended Practice (SORP)
| Unrestricted | Unrestricted | Restricted Total | Restricted Total | |
|---|---|---|---|---|
| Funds | Funds Funds | |||
| 2022 | 2022 2022 | |||
| Notes | £ | £ | £ | |
| Income | ||||
| Donations and legacies | 3 |
183,929 | - | 183,929 |
| Other income | 1,698 | - | 1,698 | |
| Investment Income | 4 | 484 | - | 484 |
| Total Income | 186,111 | - | 186,111 | |
| Expenditure | ||||
| Expenditure on charitable | ||||
| activities | 5 |
194,726 | - | 194,726 |
| Total expenditure | 194,726 | - | 194,726 | |
| Net income/(expenditure) for the year | ||||
| (8,615) | - | (8,615) | ||
| Net movement in funds | (8,615) | - | (8,615) | |
| Reconciliation of funds: | ||||
| Total funds brought forward |
1,160,881 | - | 1,160,881 | |
| Total funds carried forward | 1,152,266 | - | 1,152,266 |
All activities derive from continuing operation
The notes on page 13 to 18 form an integral part of these account
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Family Church Statement of Financial Activities For the year ended 31 March 2023 Income and Expenditure Account as required by the Companies Act
| Turnover Direct costs of turnover Gross surplus Governance costs Operating (deficit) surplus Interest receivable (Deficit) Surplus on ordinary activities before tax Retained (deficit) surplus for the financial year |
2023 2022 £ £ 194,065 185,627 232,780 193,746 (38,715) (8,119) 980 980 (39,695) (9,099) - 484 (39,695) (8,615) (39,695) (8,615) |
|
|---|---|---|
All activities derive from continuing operations
The notes on pages 13 to 18 form integral part of these accounts.
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Family Church Company Number 01786058 Balance Sheet As at 31 March 2023
| Notes Fixed Assets Tangible assets 10 Total fixed assets Current Assets Debtors 11 Cash at the bank and in hand Total current assets Creditors: - Amount due within one year 12 Net current assets Net Assets The funds of the charity Unrestricted income funds Unrestricted revenue accumulated funds 14 Total charity funds |
2023 2022 £ £ £ £ 1,032,604 1,049,612 1,032,604 1,049,612 15,050 14,768 70,148 94,414 85,198 109,182 (5,231) (6,528) 79,967 102,654 1,112,571 1,152,266 1,112,571 1,152,266 1,112,571 1,152,266 |
2023 2022 £ £ £ £ 1,032,604 1,049,612 1,032,604 1,049,612 15,050 14,768 70,148 94,414 85,198 109,182 (5,231) (6,528) 79,967 102,654 1,112,571 1,152,266 1,112,571 1,152,266 1,112,571 1,152,266 |
2023 2022 £ £ £ £ 1,032,604 1,049,612 1,032,604 1,049,612 15,050 14,768 70,148 94,414 85,198 109,182 (5,231) (6,528) 79,967 102,654 1,112,571 1,152,266 1,112,571 1,152,266 1,112,571 1,152,266 |
|---|---|---|---|
| 85,198 (5,231) |
|||
| 1,112,571 |
The directors are satisfied that the year ended on 31 March 2023 the charitable company was entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006 and that no members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the act. However, in accordance with section 145 of the Charities Act 2011, the accounts have been examined by an Independent Examiner whose report appears on page 7.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
Approved by the board of Trustees on 29 December 2023 Signed:
Tanel Lokuta Director/Trustee
The notes on page 13 to 18 form an integral part of these accounts
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Family Church Statement of Cash Flows For the year ended 31 March 2023
| Notes Cash generated in operating activities 16 Cash flows from investing activities Investment return Interest Income Cash provided by investing activities Increase (decrease) in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year Total cash and cash equivalents at the end of the year |
2023 2022 £ £ (24,266) (5,094) - 12,000 - 484 - 12,484 (24,266) 6,631 94,414 87,783 |
|
|---|---|---|
| 70,148 94,414 |
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Family Church
Notes to the Accounts for the year ended 31 March 2023
1. Accounting policies
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
a) Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard application in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) – (Charities SORP(FRS 102) the Financial Reporting Standard application in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The Charity meets the definition of a public benefit entity under FRS 102. Assets & liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes(s).
b) Preparation of the accounts on a going concern basis
The financial statements are prepared on a going concern. The Charity is entirely dependent on continuing grant and donation support and as a consequence the going concern basis is also dependent on that continuing financial support.
c) Income
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received, and the amount can be measured reliably. Income received in advance of the provision of specified services is deferred until the criteria for income recognition are met.
d) Donated services and facilities
Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time is not recognised and refer to the trustees’ annual report for more information about their contribution.
On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
e) Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.
f) Fund accounting
Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds f the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be used for particular areas of the charity’s work or for specific projects being undertaken by the charity.
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Family Church Notes to the Accounts for the year ended 31 March 2023
g) Expenditure and irrecoverable VAT
Expenditure is recognised once there is a legal constructive obligation to make a payment to a third party, it is probable that settlement will be required, and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:
-
Expenditure on charitable activities includes the costs of activities undertaken to further the purposes of the charity and their associated support costs
-
Other expenditure represents those items not falling into any other heading.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
h) Allocation of support costs
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back-office costs, finance, personnel, payroll and governance costs which support the charitable activities. These costs have been allocated between costs of raising funds and expenditure on charitable activities. The bases on which support costs have been allocated are set out in note1.
i) Tangible fixed assets Individual fixed assets costing £100 or more are capitalised as cost and are depreciated over their estimated useful economic lives on a straight-line basis as follows:
| Asset Category | Annual rate |
|---|---|
| Freehold building | 2½% |
| Plant and equipment | 10-33% |
j) Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
k) Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
l) Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimating reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
2 Legal status of the Trust
The charity is a company limited by guarantee and has no share capital. In the event of the charity being would up, the liability in respect of the guarantee is limited to £1 per member of the charity.
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Family Church
Notes to the Accounts for the year ended 31 March 2023
| 3 Income from donations and legacies Donations Gifts and donations Taxation recoverable (Gift Aid) Group activities |
2023 2022 £ £ 162,349 160,260 26,560 20,420 5,156 3,240 194,065 183,929 |
|---|---|
The Trust benefits from the involvement and enthusiastic support of its many volunteers, details of which are given in our annual report. In accordance with FRS 102 and the Charities SORP (FRS 102), the economic contribution of general volunteers is not recognised in the accounts.
4
Investment income
All of the charity’s investment income in 2023 of £nil (2022: £484) arises from money held in interest bearing deposit accounts.
5 Analysis of expenditure on charitable activities
Mission and outreach Premises running and development costs Grants and donations Administration Depreciation Governance costs (see note 6) Support costs (see note 6) Total |
2023 2022 £ £ 7,623 13,328 27,195 9,992 28,421 28,521 34,909 23,618 17,008 17,008 980 980 117,623 101,369 233,760 194,726 |
|---|---|
Expenditure on charitable activities was £233,760 (2022: £194,726) all of which was unrestricted.
6 Analysis of governance and support costs
The charity initially identifies the costs of its support functions. It then identifies those costs which relate to the governance function. Having identified its governance cost, the remaining support costs together with the governance costs are allocated to the charitable activities undertaken in the year. Refer to the table below for the basis for apportionment and the analysis of support and governance costs.
Analysis of support and governance costs
| General support | General support | Governance | Total | Basis of |
|---|---|---|---|---|
| Function | apportionment | |||
| £ | £ | £ | ||
| Salaries, wages and | ||||
| related costs | 117,623 | - |
117,623 | Allocated on time |
| Independent Examiner | - | 980 | 980 | Governance |
| Total |
117,623 | 980 |
118,613 |
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Family Church
Notes to the Accounts for the year ended 31 March 2023
7 Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel.
| management personnel. | ||
|---|---|---|
Salaries and wages Social security costs |
2023 2022 £ £ 114,998 96,938 2,625 4,431 |
|
| 117,623 101,369 |
No employees had employee benefits in excess of £60,000 (2022: nil). Apart for the above the charity trustees were not paid or received any other benefits from employment with charity in the year nor in their role as trustees (2022: £nil) neither were they reimbursed expenses during the year (2022: £nil).
The key management personnel of the charity comprise the trustees and the leadership team including the church elders.
The total employee benefits of the key management personnel of the charity were £117,623.
There were no transactions with connected parties that fall to be declared for either year covered by these financial statements and reports.
8 Staff Numbers
The average monthly head count was 2 full time staff and 4 part time staff and the average monthly number of full-time equivalent employees (including casual and part-time staff) during the year were as follows:
| Charitable activities | 2023 2022 Number Number 4 4 |
|---|---|
- 9
Corporation Taxation
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
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Family Church
Notes to the Accounts for the year ended 31 March 2023
10 Tangible fixed assets
| Freehold | Plant and |
Total | ||
|---|---|---|---|---|
| Land and | Equipment | |||
| Buildings | ||||
| £ | £ |
£ | ||
| Cost: | ||||
| As of 1 April 2022, |
1,166,188 | 98,864 | 1,265,052 | |
| Additions: |
- | - |
- | |
| ______ | ||||
| As of 31 March 2023 | 1,166,188 | 98,864 |
1,265,052 | |
| Depreciation: | ||||
| As of 1 April 2022, | 117,460 | 97,980 |
215,440 | |
| Charge for the year |
16,780 | 228 |
17,008 | |
| __________ | ||||
| As of 31 March 2023 | 134,240 | 98,208 |
232,448 | |
| Net book value | ||||
| As of 1 April 2022, |
1,048,728 | 884 | 1,049,612 | |
| As of 31 March 2023 |
1, 031,948 | 656 |
1,032,604 | |
| 11 | Debtors | |||
| 2023 | 2022 | |||
| £ | £ | |||
| Other debtors- recoverable taxation | 15,050 | 14,768 | ||
| 12 | Creditors: amounts falling due within one year | |||
| 2023 | 2022 | |||
| £ | £ | |||
| Accrued costs | 2,109 | 3,164 | ||
| Payroll related creditors | 3,122 | 3,364 | ||
| 5,231 | 6,528 | |||
| 13 | Contingent assets – legacy income |
The charity received legacy income in the year of £nil. As at 31 March the charity had not been notified of any further legacy income.
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Family Church
Notes to the Accounts for the year ended 31 March 2023
14 Analysis of charitable funds
Analysis of movements in unrestricted funds
General fund |
Balance Funds 1 April 2022 Income Expenditure Transfers 31 March 2023 £ £ £ £ £ 1,152,266 194,065 (233,760)- 1,112,571 |
|---|---|
General fund The ‘free reserves’ after allowing for all designated funds.
15 Analysis of net assets between funds
All of the net assets of the charity are for the general unrestricted fund
16 Reconciliation of net movement in funds to net cash flow from operating activities
| Net movement in funds Add back depreciation charge Deduct interest income shown in investing activities Decrease (increase) in debtors Increase (decrease) in creditors Net cash generated in operating activities |
2023 2022 £ £ (39,695) (8,615) 17,008 17,008 - (484) (282) (7,551) (1,297) (5,452) (24,266) (5,094) |
|---|---|
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