7 Inclusive Community Church Cdebrdltxg Gth4's L4)wforAU Trnsteesy Annual Report for 2022 Serving LCB T+ People and ihe wider ¢ommunitJ in Bourff ¢moMih, Chrisl tn the year ellding August 2022 (compared to £49,900 in the previous year). This induded £27,6(K) on the p&stofs s212ry and rdated costs, £8.700 on the Chutch building and equipmenL and £6.4W on other costs. We generated a net sU￿]uS of £3.6(M). thich we used to make bank loan repayments. 21. Spendtt￿ on our church building and equipment induded three special projects. I￿Y fimded from specific donations we received in the prevlous year. The project Costs were £3.7(M) on 2udio-visual Monito￿ for our worskn'p services. £5,500 for Sanctuary window blinds that incteased the visibility in out worship services of our monitors as well as for our on]ine broadcasts￿ and £1700 on necessary electrical works. This special spendin& and the related speaal donations received in the ptevious year. meant that in 2020-21 total expenses excecded income in the yeat by £1,100, whereas we had a £102(￿ surplus of income over expenses in 2019-20. 22. We seeK where possible. to hold enough income in avad2ble reserves to meet at least one month's average rouline sp(xIdts￿. Out net cuttent assets at 31st August 2022 were £3,(KK). Conclu8ion 23. We give thanks fot all that God has cartied out amotwt us and we look forward to the year ahead in the hope of Jesus Christ as we etho the words of the Apostle PauL. t notgivw weay lff doing whal if ngh¢,for we wi"U reap d¢ if we do no1￿1¥ XP. So tb¢n, bd£e an omortAmty, let Xf workfvr tlxgwd .fdU, and etye(ia4fv o]HJeftmJ offdi¢& Gakiiaw 6..9.10 Reverend yne Morgan Pastor & Chair of "frustees November 2022 th 9 May 2022 The Trustees Inclusive Communty Church Hannington Road Bournemouth 8H7 6JT INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS Report to the Trustees of Incluslve Communlty Churth. on accounts forthe year ended 3111 August 2022 Respectlve responslbllltles of Trustees and examlner The Tnjstees consider that an audlt is not requI￿d for thls ￿ar (under section 144{2) of the Chariues Act 2011 (the Art}l and that an independent examination is needed. It is my responslblllty to". Examlne the accounts lunder section 145 of the Act); To follow the procedu￿$ laid down in the General Directions gtven by the Charity Commission (under section 14515llbl of the Act), and To state whether partlcular matters have come to my attenilon. Basls of Independent examlnerfs ststement My examination was carried out in accordance with General Dlrections given by the Charity Commission. An examlnatlon includes a ￿VIeW of the accountin8 records kept by the charity and a comparlson of the accounts p￿Sented with those records. It also includes conslderaJon of any unusual Items ordisclosures in the accounts, and seeking explanations from you as trustees concernln8 any such matters. The procedu￿$ undertaken do not provide all the evidence that would be requlred in an audit, and consequently no opinion is given as to whether the accounts present a 'true and falr vlew. and the report is Ilmited to those matters set out in the statement below. Independent examlnerfs ststement In the course of my examination, no matter has come to my attention: l. Which gives me reasonable cause to belleve that. In any materlal ￿spect. the Trustees have not met the requirements to ensure that.. Proper accounting records are kept (ln accordance with sectlon 41 of the Act): and b. Accounts a￿ p￿pa￿d which a8ree with the accountSn8 records and comply wtth the accounting reqU1￿ments of the Act: or 2. To which, In my opinion, attentron should be drawn in order to enable a proper understanding of the account5 to be reached. Slgned...S4é161...._... Date... 91512023..... Sue Wintle FMA4T Accounting Technician 27 Bascott Road Bournemouth Dorset BHII 8KI Inclusive Community Church STATEMENT OF FINANCIAL ACTIVITIES for year •nd•d 31 August 2022 Unrestrided FurKIs Restri(thl Fund$ T¢Xal Fund8 Tot81 Funds INCOME & ENDOWMENTS from: Donations & ￿lIe￿.on8 Glft tax re￿Verable Rent & fund-ralslng 33.464 6,482 3,364 2.810 212 36,274 36.235 7,992 4,526 3,364 TOTAL INCOME 43,310 3,022 46,332 48. T53 Loss EXPENDITURE on: Ra181ng furKIs Staff .. Pastor Premige8 & equipment Other running costs Charitab18 donations 130 27.641 6,331 5.531 130 27.641 8.74S 5,531 696 16 27,629 17,619 3,955 665 2a 2b 2c 2d 2.414 TOTAL EXPENDITURE 39.633 3,110 42,743 49,884 3&5 NET INCOME or {NEf EXPENDITURE) TOTAL FUNDS at I Sep 2021 3,877 (88) (1.131) 139,252 1,862 141.114 142245 3b TOTAL FUNDS at 31 Aug 2022 142.929 144.703 141,114 Th• attmched Notes 110 5 afe part ofthase Fm8nci81 Statements. Inclusive Community Church Registered Charity No. 801108 BALANCE SHEET at 31 Au ust 2022 2022 2022 2021 2021 Flxed Asset church land & bulldlng Current Assets Income receivable Cash at bank and in hand Not61f 150,1)00 150,000 1,486 6,061 7.547 2.747 7,364 10,111 Curr•nt Ilabllltle$ Bank loan payable wlthln 1 year Payments in arrears Income In advance (3,500) (1,035) (3, 500) (623) (3.000) 7,123 4.535 Net currnnt a8$8t8 3,012 2, 988 Long-terni Ilabllltles Bank loan payable after more than 1 year NET ASSETS (8,309) 144,703 (11.874J 141,114 Reprnsented by.. Unrestrlcted Funds Building (Capital Reserve) General Fund 138,191 4.738 134,627 4, 625 142.929 139.252 Restrlcted Funds Building Fund {for repairs & equipment) TOTAL FUNDS 1,774 1,862 Note 4 144.703 141,114 Dwayne Morgan, Chair of Trustees, November 2022 Inclusive Community Church NOTES TO THE ACCOUNTS year ending 31 August 2022 Note 1- ACCOUNTING POLICIES Accountlng basls. These financial statements have been prepared on an income and 8xpendFture basis for a going concern in accordance vlth the Charity Commission's Statement of Recommended Practice for charity accounts following the Financial Reporting Standard (FRS 102) effective from January 2019. Income. Individuals, monetary donations to the Charity are recognlsed in the finandal statements when they are received. Gift Aid tax claims are inc4uded in the financial statements at the same Ilme as the related donation. Other income is recognised when due. Llabllltles and expendltur• are induded In the financial statem8nts at their cash value vhlen the Ilability arises. Restrlctod Funds are Income funds that must be spent on restricted purposes for which the Income was given. Unrestrfcted Funds represent the remaining income funds of the Charlty that are available for spending on the Charfty's general purposes, Including the General Fund and other Funds designated by the Charitys trustees for its own use or for spending on a future project. Tanglblo assets. The church building and its land are shown in the Balance Sheet as a fixed asset at a value of £150,000 dating from 2000. The difference be￿een this t)ook value and the outstanding bank loan is represented in Unrestricted Funds as a General Fund capital reserve. Equipment. fumishings and other purchases are included in expenditure in the Statement of Financial Activities in the year they are acquired and do not appear as fixed assets in the Balance Sheet. Depreclation is not provided on the church building and land as the likely residual value is not less than the carrying value shown in the Balance Sheet. Note 2 - DETAILS OF EXPENDITURE Unr•stricted Fund$ 202142 R?$trictod Funds 2021-22 Total Funds 2021-22 Unrestnctéd Restricted Funds Funds 202&21 2020-21 Tot81 Funds 2020-21 {a) Ralslng funds 130 130 16 16 (bl Staff . Pastor Salary Pension Retreat I training Travel & conferences 25,500 1,530 288 323 25,500 1,530 25.500 1.530 599 25,5t)O 1,530 599 323 27,641 27,641 27.629 27.629 (¢) Preml808 & oqulpm•nt Gas, electricity & water Insuranc8 Bank loan interest Routine maintenance & equipmenl Window blinds TV monitors Electrical Wofks 4.053 1.793 4,053 1,793 485 2.414 3.308 1.041 543 3,308 1,041 2.414 806 5,500 3, 762 2.659 806 5,500 3, 762 2.659 6.331 2,414 8,745 4,892 12,727 17,619 I continued Note 2 - DET LS OF EXPENDITURE contlnued Unrestrlcted Funds 2020-21 Restrfd Funds 2020.21 Total Funds 2020-21 Unreslricted Restricted Funds Funds 2019-20 2019-20 Total Funds 2019-2Q (d) Other runnlng costs Te18¢0mmunlcallons Worshlp supplles & music Stationery & post C18anlng & other costs Accounts examiner Payroll fees Outreach & publicity 2,489 1.362 449 322 170 2. 191 1.012 238 185 170 160 2,191 1.012 238 185 170 160 1,362 449 322 170 739 739 5,531 5.531 3,955 3,955 (•) Charltable donatlon8 Help Ukraine Women's Rgfuge Guide Dogs for the Blind SPACE Youth Group 590 100 500 165 665 165 696 665 TOTAL EXPENDITURE 39.633 &110 42.743 36,492 13,392 49,884 ote 3 - STATEMENT OF FUNDS 2021-2 ransfor Funds at Bank loan repayment Unrestrlctod fund8 General Fund capital (church buikling & bank loan) General Fund revenuè 134,627 3.565 138,191 4.625 (3.565) 43,310 {39,633) 4,738 139.252 43,310 (39,633) 142,929 RoStrlct•d funds Bulldlng & equlpment Oufvffjrd giving 1,862 2,326 (2,414) 1.774 (696) 1.862 3,022 (3,110) 1,774 TOTAL FUNDS 141.114 46,332 142,743) 144.703 l (xmtinued Note ATEMENT OF FUNDS continued 2021N21 Fund Trnn nditure ds8 01-Se 20 88nk loan repayment Unrnstrlcted funds General Fund c8Pit81 (church buildlng & bank 108n) 131,153 3,474 134.627 General Fund revenue 977 (3,474) 43.614 (36.492) 4,625 132,130 43.614 (36,492) 139,252 Restrlcted funds Building & equipment Youth activities Outward giwng 4.638 (12,726) (107) (558) 1,882 107 500 10.115 5.138 (13.391) 1.862 TOTAL FUNDS 142,245 48. 753 (49,884) 141,114 Inclusivo Communlty Church Not8 & ANALYSIS OF NET ASSETS BETWEEN FUND Unrgstrfctod funds Re8trlct•d funds Unr&strfct8d fvnds Restrict8d funds Total rot* funds At 31 August 2022 2022 2022 2021 2021 2021 Fixed assets 150,000 150,000 150,000 15Q,000 Net current a&sets I (liabilities) 1,238 1.774 3,012 1,126 1.862 2,988 Long-t8nn liabl1￿leS {8.309) (8.309) (11,874) (11,874) Net assets 142,929 1,774 144,703 139,252 1,862 141.114 Note 5 - TRUSTEES TRANSACTIONS lal The Pastor Is ex-offlco Chalr of Trustees and is paid for dutles as Pastor. He Is the Charity's only employee. In the year ending August 2022 the Charity spent £25.500 on salary and £1,530 on penslon c>)ntributions (compared to £25.500 and £1,530 r8sp8clively in the previous year). (b) The Pastor was reimbursed telecoms, training, retreat and travel costs of £1.OCM) (compared to £965 in the prevlous year>. No similar payments were made to other Trustees or related parties in eith8r year.