CHARITY REGISTRATION NUMBER: 1026935
ACTS Ministries
Unaudited Financial Statements 31 December 2024
ADRIAN & CO
Chartered Certified Accountants 1417/1419 London Road Norbury London SW16 4AH
ACTS Ministries
Financial Statements
Year ended 31 December 2024
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 3 |
| Statement of financial activities | 4 |
| Statement of financial position | 5 |
| Notes to the financial statements | 6 |
| The following pages do not form part of the financial statements | |
| Detailed statement of financial activities | 14 |
| Notes to the detailed statement of financial activities | 15 |
ACTS Ministries
Trustees' Annual Report
Year ended 31 December 2024
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 December 2024.
Reference and administrative details
Registered charity name ACTS Ministries Charity registration number 1026935 Principal office ACTS House 30 Union Road Croydon CR0 2XU The trustees Mr L A Hall Ms V Adamson Bishop Otis Wilks Independent examiner Mr G Mario Kumar FCCA 1417/1419 London Road Norbury London SW16 4AH
Structure, governance and management
Acts Ministries is constituted by Trust Deed, and its objects are to advance the Christian Faith in accordance with statement of beliefs appearing in the schedule of the deed.
Objectives and activities
ACTS Christian Church is a Spirit-filled and Spirit led church based in Thornton Heath, Croydon. We have a mandate given by God to impact the surrounding areas, making disciples of all mankind. We are radical, vibrant, dedicated and focussed.
Apart from our regular Sunday services we also have Bible Studies, prayer meetings, youth meetings and other social gatherings. We also have a number of events for ladies and men.
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ACTS Ministries
Trustees' Annual Report (continued)
Year ended 31 December 2024
Achievements and performance
Doing a great work we can't stop
With each new year comes a blend of opportunities and challenges. We give thanks to God for the leadership of Bishop Mark Nicholson, who has been instrumental in guiding our church. To grow and fulfil our mission of spreading the gospel, we have actively engaged with our community, providing food parcels and spiritual support to those in need.
Both the ladies' and men's ministries have been pivotal in delivering programs and events that enhance and transform lives. The men's ministry recently held a retreat, fostering an environment of sharing and learning among members and visitors.
The generous support from the members of Acts Christian Church has enabled us to meet all our obligations and plan for the future. Our online presence has grown, with hybrid Zoom and in-person meetings becoming a regular part of our activities. Our reputation for serving the community has been further strengthened by hosting numerous baby and child dedications throughout the year. Acts continues to grow, and we eagerly anticipate welcoming more leaders and visitors in the coming year.
I would also like to acknowledge the tremendous family support provided to the trustees and treasury teams.
The trustees are pleased to approve this report as we look forward to exploring new possibilities for 2024 and fulfilling the mandate of the church.
Thank you to the members of the trustee board, finance team, counters and leadership team for your dedicated faithful service. Big shout out to the pastors, deacons, elders and ministers who work tirelessly to ensure things not only go right but that we grow collectively. To all the members, visitors and supporters of Acts we appreciate you. I would also like to extend personal thanks to my wife and children for their unwavering support.
Financial review
As our normal practice we continued with the financial review of all our activities during the year. New financial collection methods were adopted the charity experienced an increase in income compared with previous years. The members are in constant support of the charity along with the pastors and leaders of the church who should also be recognised. The churches presiding bishop , Bishop Mark Nicholson, continues to provide visionary direction for the church. We will continue to address in person services and member participation for the new year
The trustees' annual report was approved on 6 October 2025 and signed on behalf of the board of trustees by:
Lloyd Anthony Hall Chairperson
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ACTS Ministries
Independent Examiner's Report to the Trustees of ACTS Ministries
Year ended 31 December 2024
I report to the trustees on my examination of the financial statements of ACTS Ministries ('the charity') for the year ended 31 December 2024.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the financial statements do not accord with those records; or
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the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.
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 accounts to be reached.
Mr G Mario Kumar FCCA Independent Examiner
1417/1419 London Road Norbury London SW16 4AH
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ACTS Ministries
Statement of Financial Activities
Year ended 31 December 2024
| 2024 | 2023 | |||
|---|---|---|---|---|
| Unrestricted | ||||
| fundsTotal funds | Total funds | |||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Donations and legacies | 4 | 63,394 | 63,394 | 86,044 |
| Investment income | 5 | 286 | 286 | 1,526 |
| Other income | 6 | 9,530 | 9,530 | 10,050 |
| ---------------------------- | ---------------------------- | ---------------------------- | ||
| Total income | 73,210 | 73,210 | 97,620 | |
| ============================ | ============================ | ============================ | ||
| Expenditure | ||||
| Expenditure on charitable activities | 7,8 | 63,270 | 63,270 | 63,850 |
| ---------------------------- | ---------------------------- | ---------------------------- | ||
| Total expenditure | 63,270 | 63,270 | 63,850 | |
| ============================ | ============================ | ============================ | ||
| ---------------------------- | ---------------------------- | ---------------------------- | ||
| Net income and net movement in funds | 9,940 | 9,940 | 33,770 | |
| ============================ | ============================ | ============================ | ||
| Reconciliation of funds | ||||
| Total funds brought forward | 63,243 | 63,243 | 29,473 | |
| ---------------------------- | ---------------------------- | ---------------------------- | ||
| Total funds carried forward | 73,183 | 73,183 | 61,859 | |
| ============================ | ============================ | ============================ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 6 to 12 form part of these financial statements.
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ACTS Ministries
Statement of Financial Position
31 December 2024
| 2024 | 2023 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 13 | 5,540 | 6,924 |
| Current assets | |||
| Cash at bank and in hand | 69,417 | 57,519 | |
| Creditors: amounts falling due within one year | 14 | 1,774 | 1,200 |
| ---------------------------- | ---------------------------- | ||
| Net current assets | 67,643 | 56,319 | |
| ---------------------------- | ---------------------------- | ||
| Total assets less current liabilities | 73,183 | 63,243 | |
| ---------------------------- | ---------------------------- | ||
| Net assets | 73,183 | 63,243 | |
| ============================ | ============================ | ||
| Funds of the charity | |||
| Unrestricted funds | 73,183 | 61,859 | |
| ---------------------------- | ---------------------------- | ||
| Total charity funds | 16 | 73,183 ============================ |
61,859 ============================ |
These financial statements were approved by the board of trustees and authorised for issue on 6 October 2025, and are signed on behalf of the board by:
Lloyd Anthony Hall Chairperson
The notes on pages 6 to 12 form part of these financial statements.
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ACTS Ministries
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is Acts House, 30 Union Road, Croydon, CR0 2XU.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
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ACTS Ministries
Notes to the Financial Statements (continued)
Year ended 31 December 2024
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
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income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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legacy income is recognised when receipt is probable and entitlement is established.
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income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
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expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
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ACTS Ministries
Notes to the Financial Statements (continued)
Year ended 31 December 2024
3. Accounting policies (continued)
Tangible assets (continued)
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings - 20% reducing balance Equipment - 20% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
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ACTS Ministries
Notes to the Financial Statements (continued)
Year ended 31 December 2024
3. Accounting policies (continued)
Financial instruments (continued)
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
4. Donations and legacies
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2024 | Funds | 2023 | |
| £ | £ | £ | £ | |
| Donations | ||||
| Tithes, Offerings and donations | 60,372 | 60,372 | 83,034 | 83,034 |
| Income tax recoverable | 762 | 762 | 3,010 | 3,010 |
| Building fund | 2,260 | 2,260 | – | – |
| ---------------------------- | ---------------------------- | ---------------------------- | ---------------------------- | |
| 63,394 | 63,394 | 86,044 | 86,044 | |
| ============================ | ============================ | ============================ | ============================ |
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ACTS Ministries
Notes to the Financial Statements (continued)
Year ended 31 December 2024
5. Investment income
| Unrestricted | Total Funds |
Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2024 |
Funds | 2023 | ||
| £ | £ | £ | £ | ||
| Bank interest receivable | 286 | 286 |
142 | 1,526 | |
| ============== | ============== | ============== | ======================= | ||
| 6. | Other income | ||||
| Unrestricted | Total Funds |
Unrestricted | Total Funds | ||
| Funds | 2024 |
Funds | 2023 | ||
| £ | £ | £ | £ | ||
| Hall hire income | 9,530 | 9,530 |
10,050 | 10,050 | |
| ======================= | ======================= | ============================ | ============================ | ||
| 7. | Expenditure on charitable activities by fund type | ||||
| Unrestricted | Total Funds |
Unrestricted | Total Funds | ||
| Funds | 2024 |
Funds | 2023 | ||
| £ | £ | £ | £ | ||
| Support costs | 63,270 | 63,270 |
63,850 | 63,850 | |
| ============================ | ============================ | ============================ | ============================ | ||
| 8. | Expenditure on charitable activities by activity type | ||||
| Total funds | Total fund | ||||
| Support costs | 2024 | 2023 | |||
| £ | £ | £ | |||
| Governance costs | 63,270 | 63,270 | 63,850 | ||
| ============================ | ============================ | ============================ | |||
| 9. | Net income | ||||
| Net income is stated after charging/(crediting): | |||||
| 2024 | 2023 | ||||
| £ | £ | ||||
| Depreciation of tangible fixed assets | 1,384 | 1,731 | |||
| ======================= | ======================= | ||||
| 10. | Independent examination fees | ||||
| 2024 | 2023 | ||||
| £ | £ | ||||
| Fees payable to the independent examiner for: | |||||
| Independent examination of the financial statements | 1,200 | 1,200 | |||
| ======================= | ======================= |
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ACTS Ministries
Notes to the Financial Statements (continued)
Year ended 31 December 2024
11. Staff costs
| The total staff costs and employee benefits for the reporting period are analysed as | The total staff costs and employee benefits for the reporting period are analysed as | follows: |
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Wages and salaries | 9,796 | 9,796 |
| Employer contributions to pension plans | 2,174 | 2,047 |
| ---------------------------- | ---------------------------- | |
| 11,970 | 11,843 | |
| ============================ | ============================ |
The average head count of employees during the year was 1 (2023: 1).
No employee received employee benefits of more than £60,000 during the year (2023: Nil).
12. Trustee remuneration and expenses
There were no remuneration or expenses paid to the Trustees during the year.
13. Tangible fixed assets
| Fixtures and | |||
|---|---|---|---|
| fittings | Equipment | Total | |
| £ | £ | £ | |
| Cost | |||
| At 1 January 2024 and 31 December 2024 | 3,421 | 39,204 | 42,625 |
| ======================= | ============================ | ============================ | |
| Depreciation | |||
| At 1 January 2024 | 2,474 | 33,227 | 35,701 |
| Charge for the year | 189 | 1,195 | 1,384 |
| ----------------------- | ---------------------------- | ---------------------------- | |
| At 31 December 2024 | 2,663 | 34,422 | 37,085 |
| ======================= | ============================ | ============================ | |
| Carrying amount | |||
| At 31 December 2024 | 758 | 4,782 | 5,540 |
| ======================= | ============================ | ============================ | |
| At 31 December 2023 | 947 | 5,977 | 6,924 |
| ======================= | ============================ | ============================ | |
| Creditors: amounts falling due within one year | |||
| 2024 | 2023 | ||
| £ | £ | ||
| Trade creditors | 574 | – | |
| Accruals and deferred income | 1,200 | 1,200 | |
| ----------------------- | ----------------------- | ||
| 1,774 | 1,200 | ||
| ======================= | ======================= |
14. Creditors: amounts falling due within one year
15. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £2,174 (2023: £2,047).
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ACTS Ministries
Notes to the Financial Statements (continued)
Year ended 31 December 2024
16. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | |||||||
|---|---|---|---|---|---|---|---|
| At | At | ||||||
| 1 | January | 20 | 31 | Decembe | |||
| 24 | Income | Expenditure | r 2024 | ||||
| £ | £ | £ | £ | ||||
| General funds | 63,243 | 73,210 | (63,270) | 73,183 | |||
| ============================ | ============================ | ============================ | ============================ | ||||
| At | At | ||||||
| 1 | January | 20 | 31 | December | |||
| 23 | Income | Expenditure | 2023 | ||||
| £ | £ | £ | £ | ||||
| General funds | 29,473 | 96,236 | (63,850) | 61,859 | |||
| ============================ | ============================ | ============================ | ============================ |
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ACTS Ministries
Management Information
Year ended 31 December 2024
The following pages do not form part of the financial statements.
13
ACTS Ministries
Detailed Statement of Financial Activities
Year ended 31 December 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Income and endowments | ||
| Donations and legacies | ||
| Tithes, Offerings and donations | 60,372 | 83,034 |
| Income tax recoverable | 762 | 3,010 |
| Building fund | 2,260 | – |
| ---------------------------- | ---------------------------- | |
| 63,394 | 86,044 | |
| ---------------------------- | ---------------------------- | |
| Investment income | ||
| Bank interest receivable | 286 | 1,526 |
| -------------- | ----------------------- | |
| Other income | ||
| Hall hire income | 9,530 | 10,050 |
| ----------------------- | ---------------------------- | |
| ---------------------------- | ---------------------------- | |
| Total income | 73,210 | 97,620 |
| ============================ | ============================ | |
| Expenditure | ||
| Expenditure on charitable activities | ||
| Wages and salaries | 9,796 | 9,796 |
| Pension costs | 2,174 | 2,047 |
| Rent | 12,292 | 13,542 |
| Light and heat | 2,978 | 3,949 |
| Repairs and maintenance | 5,382 | 2,704 |
| Insurance | 599 | 582 |
| Other establishment | – | 1,552 |
| Other motor/travel costs | 3,069 | 1,965 |
| Legal and professional fees | 1,940 | 2,954 |
| Telephone | 3,519 | 1,604 |
| Depreciation | 1,385 | 1,731 |
| Other charitable costs | – | 360 |
| Printing postage and stationery | 832 | 472 |
| Ministry costs | 19,304 | 20,592 |
| ---------------------------- | ---------------------------- | |
| 63,270 | 63,850 | |
| ---------------------------- | ---------------------------- | |
| ---------------------------- | ---------------------------- | |
| Total expenditure | 63,270 | 63,850 |
| ============================ | ============================ | |
| ---------------------------- | ---------------------------- | |
| Net income | 9,940 | 33,770 |
| ============================ | ============================ |
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ACTS Ministries
Notes to the Detailed Statement of Financial Activities
Year ended 31 December 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Expenditure on charitable activities | ||
| Governance costs | ||
| Governance costs - Wages/salaries | 9,796 | 9,796 |
| Governance costs - Pension costs | 2,174 | 2,047 |
| Governance costs - Rent and rates | 12,292 | 13,542 |
| Governance costs - Light & heat | 2,978 | 3,949 |
| Governance costs - Repairs & maintenance | 5,382 | 2,704 |
| Governance costs - Insurance | 599 | 582 |
| Governance costs - Livestream subscription | – | 1,552 |
| Governance costs - Travel and accommodation | 3,069 | 1,965 |
| Governance costs - Accountancy fees | 1,200 | 1,200 |
| Governance costs - Legal and other professional fees | 489 | 484 |
| Governance costs - Bank charges | 251 | 1,270 |
| Governance costs - Telephone | 3,519 | 1,604 |
| Governance costs - Depreciation | 1,385 | 1,731 |
| Governance costs - Other charitable costs - NHS projects | – | 360 |
| Governance costs - Printing postage and stationery | 832 | 472 |
| Governance costs - Ministry costs | 19,304 | 20,592 |
| ---------------------------- | ---------------------------- | |
| 63,270 | 63,850 | |
| ---------------------------- | ---------------------------- | |
| ---------------------------- | ---------------------------- | |
| Expenditure on charitable activities | 63,270 | 63,850 |
| ============================ | ============================ |
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