Gilead Foundations Charity
Charity No. 1002909
Company No. 02608644
Trustees' Report and Unaudited Accounts
30 November 2022
Gilead Foundations Charity Contents
| Pages | ||
|---|---|---|
| Trustees' Annual Report | 2 to 4 | |
| Independent Examiner's Report | 5 | |
| Statement of Financial Activities | 6 | |
| Summary Income and Expenditure Account | 7 | |
| Balance Sheet | 8 | |
| Notes to the Accounts | 9 to | 17 |
| Detailed Statement of Financial Activities | 18 to | 19 |
Page 1
Gilead Foundations Charity Trustees Annual Report
Gilead Foundations
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 30 November 2022.
REFERENCE AND ADMINISTRATIVE DETAILS
Company No. 02608644
Charity No. 1002909
Principal Office
Risdon Farm Jacobstowe Okehampton Devon EX20 3AJ
Registered Office
Risdon Farm Jacobstowe Okehampton Devon EX20 3AJ
Directors and Trustees
The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:
C.J. Cole C. Ferris C.W. Harries A. Piddington L.E. Samuel A.E. Sloman M. Williams H.W. Yeoman
Accountants
ClearWay Accounting 6 High Street Cwmgwrach Neath SA11 5SY
OBJECTIVES AND ACTIVITIES
The purpose of the charity as set out in its governing document is "To promote the mental and physical rehabilitation of persons recovering from drug and alcohol abuse or similar problems by providing therapy in connection therewith by teaching them the principles and values of the Christian faith and advancing their education - including the teaching of life skills - so as to better enable them to cope with the business of life".
Page 2
Gilead Foundations Charity Trustees Annual Report
The main activities undertaken in relation to those purposes involve supported accommodation and living incorporating skills training and work therapy including farm related activity supplied by the Samuel Partnership who own and operate Risdon Farm near Okehampton in Devon. The farm helps to provide an excellent environment for GFC residents to learn basic work ethics and life skills ready for when they re-integrate back into society.
GFC is a residential service which provides support through the extended family structure within which the residents (clients of the programme) live. The residents are under the care and supervision of the management team and support workers. From the I st April 2020 the Charity changed its emphasis from male to female residents due to the identified lack of such facilities for women. The Charity currently employs seven support workers on either full-time or part-time contracts. It has been the aim to keep Grace Lodge full at all times. The lodge can accommodate up to IO female residents at any time.
Residents come to GFC on a voluntary basis and are free to leave at any time. A will and determination to change their life is one of the key motivational factors in students entering and continuing on the programme.
The primary aims and objectives set by the charity are:
"Unlocking people from the effects of addiction, fear and pain, releasing them into their true potential, by teaching them to understand why they do things they don't want to do and how to do only what will bring real success and fulfilment, so that relapse is something of the past."
The success of Gilead's approach to helping individuals recovering from life controlling issues is accomplished by people coming and living together within a community structure on an extended family basis. Work experience and skill learning gives the residents a sense of achievement and value. The support workers provide weekly one-to-one support as well as a relapse prevention programme one-on-one basis. Activities such as group devotions and evening family gatherings are set up to impart family values, basic catering, domestic and life skills, as well as social activities. This community environment functions in a grace-based environment, working and training together so that all needs are met.
The Charity provides work therapy in practical areas such as farm, maintenance and building, horticulture, catering and domestics, administration and office work, for which the students receive certificates of competence. In addition to this there are scheduled creative crafts and leisure activities.
The charity continues to receive support from personal donations and gifts in-kind to complement its operational costs to maintain the services being provided. This is promoted through letters to supporters outlining current needs for their donations. The applications team is in a monthly contact with referral agencies and there are some regional centres that regularly provide students.
FINANCIAL REVIEW
Incoming resources this year were £221,033 compared with £246,104 in the previous year. The resources expended were £236,598 compared with £268,598 in the previous year, leading to a deficit of £15,545 as compared to a deficit of £22,494 in the previous year. The Trustees have acknowledged that the charity cannot continue to operate on a deficit.
The charities assets have been significantly reduced in value in this report due to the Trustee's decision to obtain a formal valuation of its assets in 2023,which have been presented in the financial statements to present a true and fair view.
During 2023, the Trustees have recognised that the charity cannot continue to operate as a going concern, and have commenced making plans to close the charity, which they expect will be complete during 2024. The Trustee's are of the belief that that charity will have sufficient funds in place to satisfy any creditors before formally closing the charity.
Page 3
Gilead Foundations Charity Trustees Annual Report
PLANS FOR FUTURE PERIODS
The charity plans to continue in operation during 2023, however, it will cease offering services in 2023 and plan an orderly closure in 2024.
Whilst the closure of the charity may be regrettable to some, the Trustee's are pleased with the incredible amount of good work that has been done over the years at Gilead Foundations Charity and would like to express their thanks to all of the staff, volunteers, and donors who have made this work possible. The charity may be ceasing operations, but the legacy of Gilead Foundations is the positive impact that has been made in the lives of its residents, which will last for years to come.
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. The Trustees 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 above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
Signed on behalf of the board
Clement Ferris (Dec 27, 2023 15:47 EST)
C. Ferris Trustee
29 December 2022
Page 4
Gilead Foundations Charity Independent Examiners Report
Independent Examiner's Report to the trustees of Gilead Foundations Charity
I report to the charity trustees on my examination of the financial statements of Gilead Foundations Charity for the year ended 30 November 2022.
Responsibilities and basis of report
As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.
Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in accordance with section 386 of the 2006 Act ; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
-
the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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 financial statements to be reached.
Christopher Pavett FCA ClearWay Accounting 6 High Street Cwmgwrach Neath
SA11 5SY 29 December 2022
Page 5
Gilead Foundations Charity Statement of Financial Activities
for the year ended 30 November 2022
| Notes Income and endowments from: Donations and legacies 3 Charitable activities 4 Other trading activities 5 Investments 6 Total Expenditure on: Charitable activities 7 Other 8 Total Net gains on investments Net expenditure 9 Transfers between funds Net expenditure before other gains/(losses) Other gains and losses Losses on revaluation of fixed assets Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds 2022 £ 64,616 97,853 59 22 |
Restricted funds 2022 £ 58,483 - - - |
Total funds 2022 £ 123,099 97,853 59 22 |
Total funds 2021 £ 56,542 189,364 193 5 |
|---|---|---|---|---|
| 162,550 50,873 130,578 |
58,483 55,127 - |
221,033 106,000 130,578 |
246,104 101,685 166,913 |
|
| 181,451 - |
55,127 - |
236,578 - |
268,598 - |
|
| (18,901) - |
3,356 - |
(15,545) - |
(22,494) - |
|
| (18,901) (327,246) |
3,356 - |
(15,545) (327,246) |
(22,494) - |
|
| (346,147) 384,121 |
3,356 15,830 |
(342,791) 399,951 |
(22,494) 422,445 |
|
| 37,974 | 19,186 | 57,160 | 399,951 |
Page 6
Gilead Foundations Charity Summary Income and Expenditure Account
for the year ended 30 November 2022
| Income Interest and investment income Gross income for the year Expenditure Interest payable Depreciation and charges for impairment of fixed assets Total expenditure for the year Net expenditure before tax for the year Net expenditure for the year |
2022 £ 221,011 22 221,033 198,759 8,736 29,083 236,578 (15,545) (15,545) |
2021 £ 246,099 5 |
|---|---|---|
| 246,104 | ||
| 260,888 7,710 - |
||
| 268,598 | ||
| (22,494) | ||
| (22,494) |
Page 7
Gilead Foundations Charity Balance Sheet
at 30 November 2022
| Company No. 02608644 Notes 2022 £ Fixed assets Intangible assets 11 150 Tangible assets 12 160,442 160,592 Current assets Debtors 13 9,669 Cash at bank and in hand 26,638 36,307 Creditors:Amount falling due within one year 14 (39,670) Net current (liabilities)/assets (3,363) Total assets less current liabilities 157,229 Creditors:Amounts falling due after more than one year 15 (100,069) Net assets excluding pension asset or liability 57,160 Total net assets 57,160 The funds of the charity Restricted funds 16 Restricted income funds 19,186 19,186 Unrestricted funds 16 General funds 365,220 365,220 Reserves 16 Revaluation reserve (327,246) (327,246) Total funds 57,160 |
2021 £ 150 508,114 |
|---|---|
| 508,264 11,651 27,737 |
|
| 39,388 (37,207) |
|
| 2,181 510,445 (110,494) |
|
| 399,951 | |
| 399,951 | |
| 15,830 | |
| 15,830 384,121 |
|
| 384,121 - |
|
| - | |
| 399,951 |
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 30 November 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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.
Approved by the board on 29 December 2022
And signed on its behalf by:
Clement Ferris (Dec 27, 2023 15:47 EST)
C. Ferris Trustee
29 December 2022
Page 8
Gilead Foundations Charity Notes to the Accounts
for the year ended 30 November 2022
- 1 Accounting policies
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 applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
Fund accounting
-
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
-
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
-
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
Income
-
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
-
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
-
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 9
Gilead Foundations Charity Notes to the Accounts
Expenditure
-
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
-
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
-
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
-
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
-
Other expenditure These are support costs not allocated to a particular activity.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Freehold investment property
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.
Stocks
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
Trade and other 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.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Trade and other creditors
Short term creditors are measured at the transaction price. Other 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 estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Page 10
Gilead Foundations Charity Notes to the Accounts
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign currencies
Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period.
Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
Leased assets
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
Pension costs
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Receipt of donated goods, facilities and services
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
2 Company status
The company is a private company limited by guarantee and consequently does not have share capital.
Page 11
Gilead Foundations Charity Notes to the Accounts
3 Income from donations and legacies
| 3 Income from donations and legacies |
||||
|---|---|---|---|---|
| Donations from individuals Gift aid reclaimed from HMRC Grants from other organisations 4 Income from charitable activities Student support income 5 Income from other trading activities Sales of goods and services 6 Income from investments Interest on bank deposits 7 Expenditure on charitable activities Expenditure on charitable activities Student support income Governance costs |
Unrestricted £ 39,740 3,876 - 21,000 64,616 Unrestricted £ 50,873 50,873 |
Restricted £ - - - 58,483 58,483 Unrestricted £ 97,853 97,853 Unrestricted £ 59 59 Unrestricted £ 22 22 Restricted £ 55,127 55,127 |
Total 2022 £ 39,740 3,876 - 79,483 123,099 Total 2022 £ 97,853 97,853 Total 2022 £ 59 59 Total 2022 £ 22 22 Total 2022 £ 106,000 106,000 |
Total 2021 £ 31,365 2,660 2,017 20,500 |
| 56,542 | ||||
| Total 2021 £ 189,364 |
||||
| 189,364 | ||||
| Total 2021 £ 193 |
||||
| 193 | ||||
| Total 2021 £ 5 |
||||
| 5 | ||||
| Total 2021 £ 101,685 |
||||
| 101,685 |
Page 12
Gilead Foundations Charity Notes to the Accounts
8 Other expenditure
| Bank loan and overdraft interest payable Employee costs Motor and travel costs Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets General administrative costs Legal and professional costs 9 Net expenditure before transfers This is stated after charging: Depreciation of owned fixed assets 10 Staff costs Salaries and wages Pension costs No employee received emoluments in excess of £60,000. 11 Intangible fixed assets Cost At 1 December 2021 At 30 November 2022 Net book values At 30 November 2022 At 30 November 2021 |
Unrestricted £ 8,736 83,298 951 29,083 3,194 5,316 130,578 2022 £ 29,083 2022 83,298 - 83,298 |
Total 2022 £ 8,736 83,298 951 29,083 3,194 5,316 130,578 Other £ 150 150 150 150 |
Total 2021 £ 7,135 136,026 2,024 19,243 397 2,088 |
|---|---|---|---|
| 166,913 | |||
| 2021 £ 19,243 2021 135,155 871 |
|||
| 136,026 | |||
| Total £ 150 |
|||
| 150 | |||
| 150 | |||
| 150 |
Page 13
Gilead Foundations Charity Notes to the Accounts
12 Tangible fixed assets
| Land and buildings Plant & Machinery £ £ Cost or revaluation At 1 December 2021 598,261 - Additions 8,657 - At 30 November 2022 606,918 - Depreciation and impairment At 1 December 2021 118,054 - Depreciation charge for the year 11,618 - Revaluation 327,246 - At 30 November 2022 456,918 - Net book values At 30 November 2022 150,000 - At 30 November 2021 480,207 - 13 Debtors Trade debtors Other debtors 14 Creditors: amounts falling due within one year Bank loans and overdrafts Other loans Trade creditors Other creditors Accruals Deferred income 15 Creditors: amounts falling due after more than one year Other loans |
Motor Vehicles £ 15,284 - 15,284 5,790 3,821 - 9,611 5,673 9,494 2022 £ 7,400 2,269 9,669 2022 £ - 13,095 19,232 3,820 2,246 1,277 39,670 2022 £ 100,069 100,069 |
Furniture & Fixtures £ 169,471 - 169,471 151,058 13,644 - 164,702 4,769 18,413 |
Total £ 783,016 8,657 |
|---|---|---|---|
| 791,673 | |||
| 274,902 29,083 327,246 |
|||
| 631,231 | |||
| 160,442 | |||
| 508,114 | |||
| 2021 £ 10,545 1,106 |
|||
| 11,651 | |||
| 2021 £ 9,596 13,962 7,755 2,541 2,076 1,277 |
|||
| 37,207 | |||
| 2021 £ 110,494 |
|||
| 110,494 |
Page 14
Gilead Foundations Charity Notes to the Accounts
16 Movement in funds
| Restricted funds: Restricted income funds: Training Grants Building Funds Horticultural & Leisure Residents & Familes Covid Expenses Employability Total Unrestricted funds: General funds Revaluation Reserves: Revaluation fund Total revaluation reserves Total funds |
At 1 December 2021 3,796 1,467 9,907 660 - - 15,830 384,121 - - 399,951 |
Incoming resources (including other gains/losses ) £ - 18,070 17,870 500 4,207 17,836 58,483 162,550 (327,246) (327,246) (106,213) |
Resources expended £ (3,796) (10,738) (18,376) (174) (4,207) (17,836) (55,127) (181,451) (236,578) |
At 30 November 2022 £ - 8,799 9,401 986 - - |
|---|---|---|---|---|
| 19,186 | ||||
| 365,220 (327,246) |
||||
| (327,246) | ||||
| 57,160 |
Purposes and restrictions in relation to the funds: Revaluation reserves Represent the amount by which investments exceed their historical cost.
Restricted funds: Training Grants To be used for training of residents and staff. Building Funds To be used only on building related expenses. Horticultural & Leisure To be used in relation to horticultural and other leisure activities for residents. Residents & Familes To be used for the wellbeing and support of residents and their families. Covid Expenses To be used for expenses incurred as a result of COVID-19. Employability To be used to help residents with employment related activities.
Page 15
Gilead Foundations Charity Notes to the Accounts
17 Analysis of net assets between funds
| Fixed assets Net current assets Creditors due in more than one year and provisions Reconciliation of net debt Cash and cash equivalents Bank overdrafts Borrowings Net debt |
Unrestricted funds £ 160,442 (3,363) (100,069) 57,010 At 1 December 2021 £ |
Restricted funds £ 150 - - 150 Cash flows £ |
Total £ 160,592 (3,363) (100,069) |
|---|---|---|---|
| 57,160 | |||
| At 30 November 2022 £ |
|||
| 27,737 | (1,099) | 26,638 | |
| (9,596) | 9,596 | - | |
| 18,141 (124,456) (124,456) (106,315) |
8,497 11,292 11,292 19,789 |
26,638 (113,164) |
|
| (113,164) | |||
| (86,526) |
18 Reconciliation of net debt
19 Commitments
Operating lease commitments
Annual commitments under non-cancellable operating leases are as follows:
| 2022 | 2022 | 2021 | 2021 | |
|---|---|---|---|---|
| Land and buildings |
Other | Land and buildings |
Other | |
| £ | £ | £ | £ | |
| Operating leases with expiry date: | ||||
| Pension commitments | ||||
| 2022 | 2021 | |||
| £ | £ | |||
| The pension cost charge to the company | ||||
| amounted to: | - | 871 |
20 Post balance sheet events
In 2023 the Trustee's reviewed the operations of the charity and the continued need for the services provided by Gilead Foundations Charity. Following this review, The Trustees have come to the realisation that after many years of providing valuable services to men and women who have been affected adversely by life controlling issues, the charity is no longer required to the same extent as it was previously, and there are other charities offering similar services. Therefore, the Trustees have made the decision of closing operations in 2023. Financial reports will need to be made until the time of the charity's cessation. In the light of this decision, the Trustee's (at the time of filing these accounts) are in correspondence with the Charity Commission in order to ensure that assets are disposed of correctly and that all actions are taken with the charities objects in mind.
Page 16
Gilead Foundations Charity Notes to the Accounts
21 Related party disclosures
Controlling party
The company is limited by guarantee and has no share capital; thus no single party controls the company.
Page 17
Gilead Foundations Charity Detailed Statement of Financial Activities
for the year ended 30 November 2022
| Income and endowments from: Donations and legacies Donations from individuals Gift aid reclaimed from HMRC Grants from other organisations Charitable activities Student support income Other trading activities Sales of goods and services Investments Interest on bank deposits Total income and endowments Expenditure on: Charitable activities Student support income Total of expenditure on charitable activities Other expenditure Bank loan and overdraft interest payable Employee costs Salaries/wages Pension costs Motor and travel costs Travel and subsistence |
Unrestricte d funds 2022 £ 39,740 3,876 - 21,000 64,616 97,853 97,853 59 59 22 22 162,550 50,873 50,873 50,873 8,736 8,736 83,298 - 83,298 951 951 |
Restricted funds 2022 £ - - - 58,483 58,483 - - - - - - 58,483 55,127 55,127 55,127 - - - - - - - |
Total funds 2022 £ 39,740 3,876 - 79,483 123,099 97,853 97,853 59 59 22 22 221,033 106,000 106,000 106,000 8,736 8,736 83,298 - 83,298 951 951 |
Total funds 2021 £ 31,365 2,660 2,017 20,500 |
|---|---|---|---|---|
| 56,542 | ||||
| 189,364 | ||||
| 189,364 | ||||
| 193 | ||||
| 193 | ||||
| 5 | ||||
| 5 | ||||
| 246,104 101,685 |
||||
| 101,685 | ||||
| 101,685 7,135 |
||||
| 7,135 | ||||
| 135,155 871 |
||||
| 136,026 | ||||
| 2,024 | ||||
| 2,024 |
Page 18
Gilead Foundations Charity Detailed Statement of Financial Activities
| General administrative costs, including depreciation and amortisation Depreciation of land and buildings Depreciation of Plant & Machinery Depreciation of Motor Vehicles Depreciation of Furniture & Fixtures Bank charges Sundry expenses Legal and professional costs Audit/Independent examination fees Accountancy and bookkeeping Total of expenditure of other costs Total expenditure Net gains on investments Net expenditure Net expenditure before other gains/(losses) Other recognised gains and losses Losses on revaluation of fixed assets Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
11,618 5,630 3,821 8,014 405 2,789 32,277 2,076 3,240 5,316 130,578 181,451 - (18,901) (18,901) (327,246) - (346,147) 384,121 37,974 |
- - - - - - - - - - - 55,127 - 3,356 3,356 - - 3,356 15,830 19,186 |
11,618 5,630 3,821 8,014 405 2,789 32,277 2,076 3,240 5,316 130,578 236,578 - (15,545) (15,545) (327,246) - (342,791) 399,951 57,160 |
- 19,243 - - - 397 |
|---|---|---|---|---|
| 19,640 | ||||
| 2,088 - |
||||
| 2,088 | ||||
| 166,913 | ||||
| 268,598 - |
||||
| (22,494) | ||||
| (22,494) - - |
||||
| (22,494) | ||||
| 422,445 | ||||
| 399,951 |
Page 19
Gilead Accounts 2022-11
Final Audit Report
2023-12-27
Created: 2023-12-27 By: Chris Pavett (chris@clearwayaccounting.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAW4vjwtMMzVDCPiwYcULq5__HCnRunNxV
"Gilead Accounts 2022-11" History
Document created by Chris Pavett (chris@clearwayaccounting.co.uk)
2023-12-27 - 8:23:02 PM GMT
Document emailed to Clement Ferris (clem.ferris@gmail.com) for signature 2023-12-27 - 8:23:06 PM GMT
Email viewed by Clement Ferris (clem.ferris@gmail.com)
2023-12-27 - 8:46:35 PM GMT
Document e-signed by Clement Ferris (clem.ferris@gmail.com)
Signature Date: 2023-12-27 - 8:47:53 PM GMT - Time Source: server
Agreement completed.
2023-12-27 - 8:47:53 PM GMT