| Page | ||||
|---|---|---|---|---|
| Report ofthe Trustees | 1 | to | 9 | |
| Independent Examiner's |
Report | 10 | ||
| Statement ofFinancial | Activities | |||
| Balance Sheet | 12 | |||
| Notes to the Financial Statements | 13 | to | 19 | |
| Detailed Statement ofFinancial Activities | 20 | to | 21 |
| 2023 | 2022 | |
|---|---|---|
| Unrestricted | Total | |
| funds | funds | |
| Notes | ||
| INCOME AND ENDOWMENTS FROM | ||
| Donations and legacies 2 |
127,708 | 108,490 |
| Investment income |
609 | 1,589 |
| Total | 128,317 | 110,079 |
| EXPENDITURE ON | ||
| Charitable activities |
||
| Advancement ofChristianity |
106,822 | 99,245 |
| Net gains/(losses) on investments |
(50,626) | (7,289) |
| NET INCOME/(EXPENDITURE) | (29,131) | 3,545 |
| RECONCILIATION OF FUNDS |
||
| Total funds brought forward |
1,283,917 | 1,280,372 |
| TOTAL FUNDS CARRIED FORWARD | 1,254„786 | 1,283,917 |
| BALANCE SHEET 31MARCH 2023 |
|||
|---|---|---|---|
| 2023 | 2022 | ||
| Unrestricted | Total | ||
| funds | funds | ||
| Notes | |||
| FIXEDASSETS | |||
| Tangible assets | 832,731 | 833,414 | |
| CURRENT ASSETS | |||
| Debtors | 20,631 | 19,521 | |
| Investments | 270,814 | 321,440 | |
| Cash at bank and in hand | 132,770 | 111,942 | |
| 424,215 | 452,903 | ||
| CREDITORS | |||
| Amounts falling due within one year |
10 | (2,160) | (2,400) |
| NKT CURRENT ASSETS | 422,055 | 450,503 | |
| TOTAL ASSETSLESSCURRENT | |||
| LIABILITIES | 1,254,786 | 1,283,917 | |
| NET ASSETS | 1,254,786 | 1,283,917 | |
| FUNDS | |||
| Unrestricted funds |
1,254,786 | 1,283,917 | |
| TOTAL FUNDS | 1,254,786 | 1,283,917 |
| 2. | DONATIONS AND LEGACIES |
|||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Tithes and offerings | 107,077 | 88,969 | ||
| Recovered tax | 20,631 | 19,521 | ||
| 127,708 | 108,490 | |||
| 3. | INVESTMENT INCOME | |||
| 2023 | 2022 | |||
| Rents received | 500 | 1,584 | ||
| Deposit account interest | 109 | 5 | ||
| 609 | 1,589 | |||
| 4. | TRUSTEES' REMUNERATION | AND BENEFITS | ||
| 2023 | 2022 | |||
| Trustees' salaries | 31,025 | 30,500 | ||
| Trustees' pensions paid | 1,500 | 1,500 | ||
| 32,525 | 32,000 |
| STAFF COSTS | ||||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Wages and salaries | 64,521 | 68,961 | ||
| 64,521 | 68,961 | |||
| The average monthly | number ofemployees | during the year was as follows: | ||
| 2023 | 2022 | |||
| Church Activities | 5 | 3 |
| COMPARATIVKS F | OR THE STATEMENT OF FINANCIAL | ACTIVITIES |
|---|---|---|
| Unrestricted | ||
| funds | ||
| INCOME AND ENDOWMENTS FROM | ||
| Donations and legacies |
108,490 | |
| Investment income |
1,589 | |
| Total | 110,079 | |
| EXPENDITURE ON | ||
| Charitable activities |
||
| Advancement ofChristianity |
99,245 | |
| Net gains/(losses) on investments |
(7,289) | |
| NET INCOME | 3,545 | |
| RECONCILIATION | OF FUNDS | |
| Total funds brought forward |
1,280,372 | |
| TOTAL FUNDS CARRIED | ||
| FORWARD | 1,283,917 |
| 7. | TANGIBLE FIXEDASSETS | ||||
|---|---|---|---|---|---|
| Fixtures | |||||
| Long | and | Computer | |||
| leasehold | fittings | equipment | Totals | ||
| COST | |||||
| At 1 April 2022 and 31March 2023 | 830,000 | 8,727 | 36,345 | 875,072 | |
| DEPRECIATION | |||||
| At 1 April 2022 | 8,727 | 32,931 | 41,658 | ||
| Charge for year | 683 | 683 | |||
| At 31March 2023 | 8,727 | 33,614 | 42,341 | ||
| NET BOOK VALUE | |||||
| At 31March 2023 | 830,000 | 2,731 | 832,731 | ||
| At 31March 2022 | 830,000 | 3,414 | 833,414 | ||
| 8. | DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 2023 | 2022 | ||||
| Other debtors | 20,631 | 19,521 | |||
| 9. | CURRENT ASSET INVKSTMKNTS | ||||
| 2023 | 2022 | ||||
| Unlisted investments |
270,814 | 321,440 |
| 10. | CREDITORS | : AMOUNTS | FAL | LING DUK WITHIN | ONK YEAR | ||
|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||
| Other creditors | 2,160 | 2,400 | |||||
| 11. | MOVEMENT | IN FUNDS | |||||
| Net | |||||||
| movement | At | ||||||
| At 1.4.22 | in funds | 31.3.23 | |||||
| Unrestricted | funds | ||||||
| General fund | 1,283,917 | (29,131) | 1,254,7S6 | ||||
| TOTAL FUNDS | 1,283,917 | (29,131) | 1,254,786 | ||||
| Net movement | in funds, included | in the above are as follows: | |||||
| Incoming | Resources | Gains and | Movement | ||||
| resources | expended | losses | in funds | ||||
| Unrestricted | funds | ||||||
| General fund | 128,317 | (106,822) | (50,626) | (29,131) | |||
| TOTAL FUNDS | 128,317 | {106,822) | (50,626) | {29,131) | |||
| Comparatives | for movement | in | funds | ||||
| Net | |||||||
| movement | At | ||||||
| At 1.4.21 | in funds | 31.3.22 | |||||
| Unrestricted | funds | ||||||
| General fund | 1,280,372 | 3,545 | 1,283,917 | ||||
| TOTAL FUNDS | 1,280,372 | 3,545 | 1,283,917 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| Unrestricted | funds | ||||
| General fund | 110,079 | (99,245) | (7,289) | 3,545 | |
| TOTAL FUNDS | 110,079 | (99,245) | (7,289) | 3,545 |
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 1.4.21 | in funds | 31.3.23 | ||
| Unrestricted | funds | |||
| General fund | 1,280,372 | (25,586) | 1,254,786 | |
| TOTAL FUNDS | 1,280,372 | (25,586) | 1,254,786 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| Unrestricted | funds | ||||
| General fund | 238,396 | (206,067) | (57,915) | (25,586) | |
| TOTAL FUNDS | 238,396 | (206,067) | (57,915) | (25,586) |
| HAVERING CHRISTIAN FELLOWSHIP TRUST T/A PULSE |
HAVERING CHRISTIAN FELLOWSHIP TRUST T/A PULSE |
|
|---|---|---|
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES | ||
| FOR THK YEAR ENDED 31MARCH 2023 | ||
| 2023 | 2022 | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies |
||
| Tithes and offerings | 107,077 | 88,969 |
| Recovered tax | 20,631 | 19,521 |
| 127,708 | 108,490 | |
| Investment income |
||
| Rents received | 500 | 1,584 |
| Deposit account interest | 109 | 5 |
| 609 | 1,589 | |
| Total incoming resources |
128,317 | 110,079 |
| EXPENDITURE | ||
| Charitable activities |
||
| Trustees' salaries | 31,025 | 30,500 |
| Trustees' pensions paid | 1,500 | 1,500 |
| Wages | 33,496 | 38,461 |
| Rates and water | 464 | 63 |
| Insurance | 2,590 | 2,688 |
| Light and heat | 3,496 | 1,892 |
| Postage and stationery | 225 | 306 |
| Sundries | 8,179 | 858 |
| Ministry expenses |
755 | 460 |
| Events and projects | 855 | 664 |
| Ministry gifts |
4,973 | 8,819 |
| Ministry subscriptions |
6,125 | 5,505 |
| Training and conferences |
2,531 | 958 |
| Refreshments | 553 | 81 |
| Repairs and renewals | 7,272 | 2,492 |
| Computer equipment |
683 | 853 |
| 104,722 | 96,100 | |
| Support costs | ||
| Governance costs |
||
| Accountancy | 2,100 | 2,340 |
| Carried forward | 2,100 | 2,340 |
| 2023 | 2022 | ||
|---|---|---|---|
| Governance | costs | ||
| Brought forward | 2,100 | 2,340 | |
| Professional | fees | 805 | |
| 2,100 | 3,145 | ||
| Total resources expended | 106,822 | 99,245 | |
| Net income | 21,495 | 10,834 |