2022-03-31-accounts - Wirral Christian Centre Trust Limited

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			Page
Company	information
Trustees'	annual and strategic report		2to 5
Independent auditor's report			6to 6b
Summary	income and expenditure	account
Statement	ofrecognised gains and	losses
Note ofhistorical cost gains aud losses
Statement	offinancial activifies
(including	income and expenditure	account)
Balance sheet
Statement	ofcash flows		10
Notes to	the financial statements		11 to23

							Note	2022	2021
								f.
Income								1,609,229	1,680/46
Net fair value (losses)/gains	on		investments				13
Interest and investment income							4	52,206	41,921
Gross income								1,661,435	1,722,167
Expenditure								1,586,75&	1,497@22
Interest payable								25,971	30/26
Depreciation and impairment		charges						48,055	45,535
Total expenditure								1,660,784	1,572,983
Net income/(expenditure)	(page 8)							651	149,184
STATEMENT OFTOTAL RECOGNISED GAINS AND LOSSES
			for the year		ended 31March		2022
								2022	2021
Net income/(expenditure)	(page 8)							651	149,184
Unrealised (loss) on revaluation			offunctional	property			12
Movement in reserves								651	149,184
NOTE		OFHISTORICAL COST GAINS AND LOSSES
			for the year		ended 31March		2022
								2022	2021
									f.
Reported surplus/(deficit)	on	ordinmy activities						651	149,184
DiB'erence between ahistorical			cost depreciation charge and the actual
depreciation charge ofthe	year		calculated on the revalued			amount
Historical cost surplus/(deficit)			on ordinary	activities				651	149,184

			Unrestricted	Restricted	Total Funds	Total Funds
		Note	Funds	Funds	2022	2021
			6
Income and endowments	from:
Donations		2	675		675	1,596
Charitable activities		3	1,468,165		1,468,165	1,446,894
Investments		4	52,206		52,206	41,921
Other		5	93,669	46,720	140,389	231,756
Total income and endowments		18	I/14,715	46,720	1,661,435	1,722,167
Expenditure on:
Raising funds
Charitable activities			1,622,139	38,645	1,660,784	1,572,983
Total expenditure		18	1,622,139	38,645	1,660,784	1/72/83
Net fair value (losses)/gains	on investment	13
Net income/(expenditure)			(7,424)	8,075	651	149,184
Transfer between funds
Other recognised gains/ (losses):
Unrealised (loss) onrevaluation		12
offunctional property
Net movement in funds			(7,424)	8,075	651	149,184
ReconciTiation offuads:
Funds brought forward			1,648,981	12,326	1,655,697	1,506,513
Funds carried forward			1,641457	20,401	1,656/48	1,655,697

		WIRRAL	CHRISTIAN CENTRE TRUST	CHRISTIAN CENTRE TRUST	CHRISTIAN CENTRE TRUST	LIMITED
			(a company		limited by guarantee)
				BALANCE SHEET
				As at	31March 2022
				Note		2022		2021
Fixed assets
Tangible assets				12	1,879,644			1,899,687
Inveslments				13		693,393		688,058
					2,573,037			2,587,745
Current assets
Debtors				14	40,201		36,805
Cash at bank	and in hand				1,132		35,360
					41,333		72,165
Creditors:
Amounts falling due within one year				15	(502,543)		(343,486)
Net current	liabiTities				(461,210)			(271,321)
Total assets	less current	liabilities			2,111,827			2,316,424
Creditors:
Amouuts falling due atter		more than	oue yea	16	(455,479)			(660,727)
Net assets					1,656,348			1,655,697
Charity Funds
Unrestricted	reserves:
Income and expenditure				18	1,589,749			1,597,173
Revaluation	reserve			18		46,198		46,198
Restricted reserves				18		20,401		12,326
					1,656,348			1,655,697

for the ye	ar ended 31March 202	2
			2022	2021
Reconciliation ofnet income/(expenditure)	to net cash flow from	operating	activities
Net income/(expenditure) for the year (page	7)		651	149,184
Adjustments for:
Depreciation charges			48,055	45,535
Net fair value losses on investments
Interest and rents &om investments			(52,206)	(41,921)
Interest payable			25,971	30,226
Loss/(profit) on disposal offixed assets
Decrease/(increase) in debtors			(3,396)	17,081
(Decrease)/~ in creditors			26,745	(42,518)
Net cash flow froin operating activities			45,820	157,587
Net cash flow from operating activities:			45,820	157,587
Cash flow from investing activities:
Payments to purchase property, plant and equipment			(28,012)	(29,801)
Payments to purchase other assets
(Payments}/receipts on investments			(5,335)	(2,814)
Rents received fi'om investment properlies			52/06	41,851
(Expenses)/proceeds on the sale ofother Qxed assets
Net cash flow from investing activities:			18,859
Cash liow from fmancing activities
Receipts &om issue ofborrowing				50,385
Interest paid			(25,971)	(29,557)
Repayments ofborrowing			(189,800)	(94,829)
Net cash liow (rom financing activities			(215,771)	(74,001)
Net increase/(decrease) in cash and cash	equivalents		(151,092)	92,822
Cash and cash equivalents at 1April			35,360	(57,462)
Cash and cash equivalents at 31March			(115,732)	35,360
Cash and cash equivalents consist of:
Cash at bank aud in hand			1,132	35,360
Qverdralts included creditors falling due within one year (note 15)			(116,864)
Cash at bank and in hand less overdrafts			(115,732)	35,360

				Uarstticted		Total
2	Income	from donations		Funds f.	Funds	2022	2021I
	Donations			675		675	1,596
				675		675	1,596
				Unrestricted	Restricted	Total
3	Charitable		activities	Funds	Funds	2022	2021
	Residents'		fees and respite	674,643		674,643	796,501
	Nursery	fees		793,522		793,522	650,393
				1,468,165		1,468,165	1,446,894

					for the ye	ar ended 31March 2	022
						Va ertrtcud		Total
4	Investment	income				Funds		2022	2021
						f.
	Investment property rentals					52305		52/05	41,918
	bank interest					1		1	3
						52,206		52,206	41,921
	The investment		property		income is wholly	generated &om assets	in the UK
								Total
							Funds	2022	2021
5	Other							8
	Funding						46,720	46,720	25,773
	Giber					14@14		14314	8,333
	Covid funding					79,355		79,355	197,650
						93,669	46,720	140,389	231,756
							esuicted	Total
6	Raising funds						Funds f	2022	2021
	Professional	fees
								Total
7	Charitable	activities				Funds	Funds	2022	2071
						f.	f.
	Salaricsfagency		-Caring		and support	1,073,868	31,921	1,105,789	1,050,339
	Esiablishment		costs			202,327	6,724	209,051	193,931
	Travel and motor expenses					14,171		14,171	15,371
	Repairs and	maintenance				53,767		53,767	34,745
	Depreciation	on owned		assets		48,055		48,055	45,535
	Bad debts					(378)		(378)	2,438
	Salaries - Management			and administration		109,981		109,981	96/53
	Consultancy	fees and expenses				13,414		13,414	26,828
	Otlice costs					24,248		24,248	23,314
	Waste disposal					10,738		10,738	9,467
	Donations					5,500		5,500	9,370
	Stafftraining		and uniforms			4,023		4,023	4,588
	Bank charges					3,411		3,411	1,316
	Governance	costs (note		8)		33,043		33,043	29,162
	Interest payablc (note 9)					25,971		25,971	30+26
						1,622,139	38,645	1,660,784	1,572,9S3

			UnrestrkM		Total
8	Goveraance costs		Funds	Funds	2022	2021
	Legal snd pnifessional fees Accountants' fees A~' Sees -previous year Auditors'~on Auditors'~ion - previous year		8,793 13,231 (758) 7,900 80		8,793 13/31 (758) 7,900 80	5,442 13,344 80 7,600 24
	Finance arranges nant nnd other fees		1,925		1,925	800
	Life 'nsurarue on loaus		1,872		1,872	1,872
			33,043		33,043	29,162
			Un~	Restricted	Total
9	Interest payable		Funds	Funds	2022f	2021
	Interest on loans &om	HSBC	23,939		23,939	28,790
	Inter@0an other loans	and finance	1,712		1,712	108
	Interest on HM Revenue late payments		320		320	1,328
			25,971		25,971	30/26

			for the	year ended 31	March	2022
10	Salary costs					2022		2021
	Salary costs and number ofpersons employe				No		No
	under contract analysed by department			were as follows:
	Carers sta(I				77	882,363	67	855,423
	Bank staff				n/a	29,108	n/a	14,330
	Support statf				18	194,318	18	180,586
	Administration staff				5	109,981	5	96353
					100	12,15,770	90	1,146,692
	Full time equivalent	employee	mnnbers				55
						2022		2021
	Sotffcosts forthe above persons
	Wages and salaies					1,137,530		1,073,957
	Social securily costs					59,190		55,401
	Pension costs					19,050		17,334
						1415,770		1,146,692

Net income/(expenditure)	2022	2021
This is smted at)er charging;		f.
Depreciation	48,055	45,535
Net fair value losses on investments
Loss on disposal ofassets
Auditors remuneration -audit	7,900	7,600
Operating lease rentals	17,981	17,318

			for the year ended 31March 20	22
13	Fixed asset investments			2022	2021
	Investment	property
	Valuation	as at 1 April		688,058	685,000
	Additkxts	- transfix market	value &om Fixed Assets
	dditions	- other		5,335	3,058
	Disposah Fair value	adjustment toinv~
	Valuation	as at31March		693,393	688,058
	Historical	costofinvesbnent	property as at 31 March	1,633,143	1,627,808

15	Creditors: amounts	falling due	2022
	within one year
	Bank overdra&s		116,864
	Trade ceditors		27,315	10,633
	Other taxation and social security		35,681	44,487
	Other creditors and accruals		122,799	104,093
	Bank and other loans		195,775	180,327
	Net wages and pension		4,109	3,946
			502,543	343,486
16	Creditors: amounts	falling due	2022	2021
	after more than one	year		g
	Bank, other loans and	finance	455,479	660,727

finance are repayable	2022	2021
In one year or less	195,775	180,327
Between one and two years	205,326	194,821
Between two and five years	141,907	314,388
In five years or more	108/46	151,518
	651/54	841,054

		Balance	hrcorntng	Outgoing	Fund	Balance st
		1April 2021	resources	resources	Transfers	31March 2022
Unrestricted	reserves		g
Income and	~turn	1,597,173	1,614,715	(1,622,139)		1,589,749
Revaluation	reserve	46,198				46,198
		1,643,371	1,614,715	(1,622,139)		1,635,947

	Balance			Fund	Balance at
	1April 2021			Transfers	31Mesh 2022
Restricted reserves
Inclusive Practice		36295	(36,295)
Disability Access Fund	973	615	(143)		1,445
Pupil Premium	11,353	9,810	(2,207)		18,956
Donation
	12,326	46,720	(38,645)		20,401

Operating lease commitments	Operating lease commitments		2022 f,	2021f
The Trust has the following	annual commitments	falling due as shown:
In one year or less			10,462	14,640
Between two and five years			9,319	21,524
More than five years
			19,781	36,164


Comnutments		2022	2021
Commitments	at I April 2021	30,000	32,000
Increase in comnutment			26,914
Other expenditure during the year		(21,000)	(28,914)
Conuninuents	at31March 2022	9,000	30,000
Commitments	due within one year		18,000
Commitments	due more than one year	9,000	12,000
		9,000	30,000

Impairment	offunctional ffxed assets
				2022	2021
Revaluation	decrease below original cost	(note 12)
Elitnination	ofbrought forward depreciation on revaluation		(note 12)
Overall impairment charge offunctional		assets