ANNUAL TRUSTEES REPORT
1[st] April 2022- 31[st] March 2023
Authentic City Church , registered charity 1052608, is committed to making disciples of all nations according to Matt 28:19-20. The church is passionate about the unconditional love of God and bringing hope to everyone in the local communities and beyond.
The trustees for period: Rev Dereck Chunda – 69 Gransmoor Road Manchester, M11 1JP (Chair), Mr Frank G. Valantini, Mrs Grace Mwanza, Mr Langa L. Ndovie, Jeanette Adolcia Brown, and Philip Banda
Report Summary
The church has experienced some level of stability in the duration of the report. The multiple services in different languages on Sundays continued both in Longsight and Leeds locations as a way of reflecting the diversity and culture of the communities we serve. Once a month we have one combined service with food served to everyone in order to enhance unity and cohesion of the church family
The Grace Conference 2022, during Easter, a time when the whole world remembers the death and resurrection of our Lord Jesus brought in a new experience as we all gathered together to worship God.
The planned merging of the two charities was still on hold. The trustees are continuing to monitor the trend and will decide at a later date.
The church continued its life changers program, a community outreach initiative that offers food bank around Longsight area throughout the year. The church gives basic food parcels to anyone who is on income support and is desperate in the community.
We are thankful to God and to all our supporters during these difficult times.
Submitted on behalf of the trustees
Reverend Dereck Chunda Chair of Board 25[th] January, 2024
INDEPENDENT EXAMINER'S REPORT TO AUTHENTIC CITY CHURCH (FORMERLY BETHSHAN INTERNATIONAL CHURCH) CHARITY REG. NO. 1052608
I report on the accounts of the trust for the year ended 31 March 2023 which are set out on pages 1 and 2
Respective responsibilities of Trustees and examiner
As the Charity's trustees, you are responsible for the preparation of the accounts; you consider that the audit requirement of section 144 of the Charities 2011 act (the Act) does not apply.
It is my responsibility to:
-
-examine the accounts (under section 145 of the Charities Act);
-
-follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the Charities Act); and -state whether particular matters have come to our attention.
Basis of independent examiner's statement
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes a consideration of any unusual items or disclosures in the accounts ,and seeking explanations from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the accounts.
Independent examiner's statement
In connection my examination, no matter has come to my attention.
-
1 which gives us reasonable cause to believe that in any material respect the requirements:
-
to keep accounting records in accordance with section 130 of the Charities Act; and
-
-to prepare accounts which accords with the accounting records and comply
-
with the accounting requirements of the Act have not been met;
2 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Geoffrey Kwaky- Donkor ( FCCA) ROKNOD Accountants Chartered Certified Accountants Office No.1 City View Offices 99 Long Street Manchester M24 6UN
AUTHENTIC CITY CHURCH (FORMERLY BETHSHAN INTERNATIONAL CHURCH)
| ACCOUNTS TO YEAR 31 MARCH 2023 | 2023 | 2023 | 2022 | 2022 | ||||
|---|---|---|---|---|---|---|---|---|
| Notes | Unrestricted | Total Funds | Unrestricted Fun | Total Funds | ||||
| INCOMING RESOURCES | ||||||||
| Donations and legacies | 2 | 69,380.02 | 69,380.02 | 68,489.67 | 68,489.67 | |||
| TOTAL | 69,380.02 | 69,380.02 | 68,489.67 | 68,489.67 | ||||
| RESOURCES EXPENDED | ||||||||
| Cost of Raising Funds | 4 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| Costs of Charitable Asctivities | 5 | 72,548.49 | 72,548.49 | 67,004.87 | 67,004.87 | |||
| TOTAL | 72,548.49 | 72,548.49 | 67,004.87 | 67,004.87 | ||||
| NET | ||||||||
| NET (Expenditure)/ Income | 6 | -3,168.47 | -3,168.47 | 1,484.80 | 1,484.80 | |||
| Total Funds brought forward | 7 | 235,859.46 | 235,859.46 | 234,374.66 | 234,374.66 | |||
| Fund Transfers | - | - | ||||||
| Closing Funds | 232,690.99 | 232,690.99 | 235,859.46 | 235,859.46 | ||||
| BALANCE SHEET | ||||||||
| FIXED ASSESTS | ||||||||
| Tangible Assets | 8 | 231,296.85 | 231,296.85 | 232,853.16 | 232,853.16 | |||
| Current Assets | ||||||||
| Debtors | 9 | 472.13 | 472.13 | 1,637.68 | 1,637.68 | |||
| Bank | 3371.55 | 3371.55 | 3,720.89 | 3,720.89 | ||||
| Total Current Assets | 3,843.68 | 3,843.68 | 5,358.57 | 5,358.57 | ||||
| Creditors: Amounts falling due within 1 year | 10 | 2,449.54 | 2,449.54 | - | 2,352.27 |
- | 2,352.27 |
|
| 2,449.54 | 2,449.54 | - | 2,352.27 |
- | 2,352.27 |
|||
| NET CURRENT ASSETS | 1,394.14 | 1,394.14 | 3,006.30 | 3,006.30 | ||||
| TOTAL ASSETS LESS CURRENT LIABILITIES | 232,690.99 | 232,690.99 | 235,859.46 | 235,859.46 | ||||
| REPRESENTED BY | ||||||||
| Unrestricted Funds | 232,690.99 | 232,690.99 | 235,859.46 | 235,859.46 | ||||
| Total funds | 232,690.99 | 232,690.99 | 235,859.46 | 235,859.46 | ||||
| Signed on behalf of the Trustees: | Date: |
Francis Maina Dereck Chunda
Registered Charity: 1052 608
1
AUTHENTIC CITY CHURCH (FORMERLY BETHSHAN INTERNATIONAL CHURCH)
| ACCOUNTS TO YEAR 31 MARCH 2023 | 2023 | 2023 | 2022 | 2022 | |
|---|---|---|---|---|---|
| Notes | Unrestricted | Total Funds | Unrestricted | Total Funds | |
| DONATIONS AND LEGACIES | 2 | ||||
| Voluntary Income | - | - | 248.47 | 248.47 | |
| Freewill Offerings | - | - | 35.00 | 35.00 | |
| Funds from former Grace City Church | 65,380.02 | 65,380.02 | 1,872.86 | 1,872.86 | |
| Miscellaneous Income/ Gift Aid | 4,000.00 | 4,000.00 | 810.21 | 810.21 | |
| 69,380.02 | 69,380.02 | 2,966.54 | 2,966.54 | ||
| Other Income | |||||
| Bookshop Sales | - | - | 400.00 | 400.00 | |
| TOTAL DONATION AND LEGACIES | - | - | 68,889.67 | 68,889.67 |
Registered Charity: 1052 608
2
AUTHENTIC CITY CHURCH (FORMERLY BETHSHAN INTERNATIONAL CHURCH)
| ACCOUNTS TO YEAR 31 MARCH 2023 | ACCOUNTS TO YEAR 31 MARCH 2023 | 2023 | 2023 | 2022 | 2022 |
|---|---|---|---|---|---|
| Notes | Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Administration Costs | 5 | ||||
| Staff costs and emoluments | 44,970.80 | 44,970.80 | 37,435.40 | 37,435.40 | |
| General expenses | 425.27 | 425.27 | 523.40 | 523.40 | |
| Gas, water and electricity | 7,977.37 | 7,977.37 | 9,246.13 | 9,246.13 | |
| Maintenance, cleaning, repairs and renewals | 2,508.13 | 2,508.13 | 2,017.99 | 2,017.99 | |
| Car park rental | 7,800.00 | 7,800.00 | 6,750.00 | 6,750.00 | |
| Insurance | 3,837.53 | 3,837.53 | 3,635.65 | 3,635.65 | |
| Telephone & Internet charges | 258.68 | 258.68 | 258.68 | 258.68 | |
| AOG Subscriptions | 2,160.00 | 2,160.00 | 1,980.00 | 1,980.00 | |
| Criminal record checks | 255.40 | 255.40 | 276.20 | 276.20 | |
| Accountancy | 800.00 | 800.00 | 675.00 | 675.00 | |
| Depreciation-Fixtures & Computers | 1,555.31 | 1,555.31 | 4,206.42 | 4,206.42 | |
| 72,548.49 | 72,548.49 | 67,004.87 | 67,004.87 | ||
| 6. STAFF COSTS AND EMOLUMENTS | |||||
| Stipends, salaries, pensions and NIC | 44,970.80 | 44,970.80 | 37,435.40 | 37,435.40 | |
| Visiting Ministry fees and accommodation | - | - | - | - | |
| Communication & Other costs | 44,970.80 | 44,970.80 | 37,435.40 | 37,435.40 |
8. TANGIBLE ASSETS
| Opening Cost Addition Closing Cost Opening depreciation Charge for the period Closing Cost Net Book Value As at 31 March 2022 As at 31 March 2023 |
Freehold land Furniture Electronic & Buildings Fixtures & EquipmEquipment Total 220,795.00 132,821.75 26,640.83 380,257.58 - |
|---|---|
| 220,795.00 132,821.75 26,640.83 380,257.58 |
|
| 3,495.00 129,886.61 14,022.81 147,404.42 - 293.51 1,261.80 1,555.31 |
|
| 3,495.00 130,180.12 15,284.61 148,959.73 |
|
| 5,047.02 5,047.02 1,837.66 232,853.16 |
|
| 217,300.00 2,641.63 11,356.22 231,297.85 |
3
AUTHENTIC CITY CHURCH (FORMERLY BETHSHAN INTERNATIONAL CHURCH)
| ACCOUNTS TO YEAR 31 MARCH 2023 | 2023 | 2023 | 2022 | 2022 |
|---|---|---|---|---|
| Notes Unrestricted | Total Funds | Unrestricted | Total Funds | |
| 9. DEBTORS | ||||
| Prepayments | - | - | 1,637.68 | 1,637.68 |
| Total Debtors | - | - | 6,229.30 | 6,229.30 |
| 10. CREDITORS: AMOUNTS FALLING DUE WITHIN 1 YEAR | ||||
| Accruals | 300.00 | 300.00 | 2,165.29 | 2,165.29 |
| Pension Fund deductions | - | - | - | - |
| Taxation and Social Security | - | - | 186.98 | 186.98 |
| Total Creditors: Amounts falling due within 1 Yea | 300.00 | 300.00 | 2,352.27 | 2,352.27 |
11. Contingent Liability
In June 2021 the Church received an invoice from Manchester City Council for rental on the car park adjacent to the Crowcroft Road premises claiming additional monies from April 2016of over twenty-one thousand pounds Despite our attempts to engage with them, we hav e currently been unable to come on an agreement on the amount due. During this period all rental invoices from the City Council were paid and from June 2021, the Church has increased the rental when notified. Pending resolution of this situation, no reserve for these extra charges has been maid in the accounts
Registered Charity : 1052 608
4
AUTHENTIC CITY CHURCH (FORMERLY BETHSHAN INTERNATIONAL CHURCH) FOR THE YEAR ENDED 31 MARCH 2023
NOTE 1 BASIS OF PREPARATION
1.1 BASIS OF ACCOUNTING
These accounts have been prepared on the basis of historic cost (except that investments are shown at market value) in accordance with:
Accounting and Reporting by Charities- Statement of Recommended Practice (SORP 2011); and with Accounting Standards; and with the Charities Act 145
1.2 CHANGE IN BASIS OF ACCOUNTING
The Charity's income passed the Receipts and Payments threshold this year, the charity therefore changed from Receipts and Payment accounts to Accrual Accounting
1.3 CHANGES TO PREVIOUS ACCOUNTS
There has been an adjustment to the previous year's account by eleminating Fixed Assets from the previous year's account.
1.4 MATERIAL DONATIONS
Material Donations include:
5
AUTHENTIC CITY CHURCH (FORMERLY BETHSHAN INTERNATIONAL CHURCH) FOR THE YEAR ENDED 31 MARCH 2023
Note 2 ACCOUNTING POLICIES
This standard list of accounting policies has been applied by the charity.
INCOMING RESOURCES
Recognition of incoming resources
These are included in the Statement of Financial Activities (SOFA) when:
the Charity becomes entitled to the resources;
the trustees are virtually certain they will receive the resources; and the monetary value can be measured with sufficient reliability
Incoming Resources with Related Expenditure
Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resources and related expenditure are reported as gross in the SOFA
Grants and donations
Grants and donations are only included in the SOFA when the Charity has unconditional entitlement to the resources.
Tax reclaims on donations and gifts
Incoming resources from Tax reclaims are included in the SOFA at the same time as the gift to which they relate.
Contractual income and performance related grants
This is only included in the sofa once the related goods or services have been delivered
Gifts in kind
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised..
Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity.
Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivale.
Donated services and facilities
These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material.
The value placed on these resources is the estimated value to the charity of the service or facility received
Volunteer help
The value of any voluntary help received is not included in the accounts but is described in the trustees' annual report
Investment income
This is included in the accounts when receivable
Investment gains and losses
This includes any gain loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
6
INDEPENDENT EXAMINER'S REPORT TO AUTHENTIC CITY CHURCH (FORMERLY BETHSHAN INTERNATIONAL CHURCH) CHARITY REG. NO. 1052608
I report on the accounts of the trust for the year ended 31 March 2023 which are set out on pages 1 and 2
Respective responsibilities of Trustees and examiner
As the Charity's trustees, you are responsible for the preparation of the accounts; you consider that the audit requirement of section 144 of the Charities 2011 act (the Act) does not apply.
It is my responsibility to:
-
-examine the accounts (under section 145 of the Charities Act);
-
-follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the Charities Act); and -state whether particular matters have come to our attention.
Basis of independent examiner's statement
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes a consideration of any unusual items or disclosures in the accounts ,and seeking explanations from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the accounts.
Independent examiner's statement
In connection my examination, no matter has come to my attention.
-
1 which gives us reasonable cause to believe that in any material respect the requirements:
-
to keep accounting records in accordance with section 130 of the Charities Act; and
-
-to prepare accounts which accords with the accounting records and comply
-
with the accounting requirements of the Act have not been met;
2 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Geoffrey Kwaky- Donkor ( FCCA) ROKNOD Accountants Chartered Certified Accountants Office No.1 City View Offices 99 Long Street Manchester M24 6UN
AUTHENTIC CITY CHURCH (FORMERLY BETHSHAN INTERNATIONAL CHURCH)
| ACCOUNTS TO YEAR 31 MARCH 2023 | 2023 | 2023 | 2022 | 2022 | ||||
|---|---|---|---|---|---|---|---|---|
| Notes | Unrestricted | Total Funds | Unrestricted Fun | Total Funds | ||||
| INCOMING RESOURCES | ||||||||
| Donations and legacies | 2 | 69,380.02 | 69,380.02 | 68,489.67 | 68,489.67 | |||
| TOTAL | 69,380.02 | 69,380.02 | 68,489.67 | 68,489.67 | ||||
| RESOURCES EXPENDED | ||||||||
| Cost of Raising Funds | 4 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| Costs of Charitable Asctivities | 5 | 72,548.49 | 72,548.49 | 67,004.87 | 67,004.87 | |||
| TOTAL | 72,548.49 | 72,548.49 | 67,004.87 | 67,004.87 | ||||
| NET | ||||||||
| NET (Expenditure)/ Income | 6 | -3,168.47 | -3,168.47 | 1,484.80 | 1,484.80 | |||
| Total Funds brought forward | 7 | 235,859.46 | 235,859.46 | 234,374.66 | 234,374.66 | |||
| Fund Transfers | - | - | ||||||
| Closing Funds | 232,690.99 | 232,690.99 | 235,859.46 | 235,859.46 | ||||
| BALANCE SHEET | ||||||||
| FIXED ASSESTS | ||||||||
| Tangible Assets | 8 | 231,296.85 | 231,296.85 | 232,853.16 | 232,853.16 | |||
| Current Assets | ||||||||
| Debtors | 9 | 472.13 | 472.13 | 1,637.68 | 1,637.68 | |||
| Bank | 3371.55 | 3371.55 | 3,720.89 | 3,720.89 | ||||
| Total Current Assets | 3,843.68 | 3,843.68 | 5,358.57 | 5,358.57 | ||||
| Creditors: Amounts falling due within 1 year | 10 | 2,449.54 | 2,449.54 | - | 2,352.27 |
- | 2,352.27 |
|
| 2,449.54 | 2,449.54 | - | 2,352.27 |
- | 2,352.27 |
|||
| NET CURRENT ASSETS | 1,394.14 | 1,394.14 | 3,006.30 | 3,006.30 | ||||
| TOTAL ASSETS LESS CURRENT LIABILITIES | 232,690.99 | 232,690.99 | 235,859.46 | 235,859.46 | ||||
| REPRESENTED BY | ||||||||
| Unrestricted Funds | 232,690.99 | 232,690.99 | 235,859.46 | 235,859.46 | ||||
| Total funds | 232,690.99 | 232,690.99 | 235,859.46 | 235,859.46 | ||||
| Signed on behalf of the Trustees: | Date: |
Francis Maina Dereck Chunda
Registered Charity: 1052 608
1
AUTHENTIC CITY CHURCH (FORMERLY BETHSHAN INTERNATIONAL CHURCH)
| ACCOUNTS TO YEAR 31 MARCH 2023 | 2023 | 2023 | 2022 | 2022 | |
|---|---|---|---|---|---|
| Notes | Unrestricted | Total Funds | Unrestricted | Total Funds | |
| DONATIONS AND LEGACIES | 2 | ||||
| Voluntary Income | - | - | 248.47 | 248.47 | |
| Freewill Offerings | - | - | 35.00 | 35.00 | |
| Funds from former Grace City Church | 65,380.02 | 65,380.02 | 1,872.86 | 1,872.86 | |
| Miscellaneous Income/ Gift Aid | 4,000.00 | 4,000.00 | 810.21 | 810.21 | |
| 69,380.02 | 69,380.02 | 2,966.54 | 2,966.54 | ||
| Other Income | |||||
| Bookshop Sales | - | - | 400.00 | 400.00 | |
| TOTAL DONATION AND LEGACIES | - | - | 68,889.67 | 68,889.67 |
Registered Charity: 1052 608
2
AUTHENTIC CITY CHURCH (FORMERLY BETHSHAN INTERNATIONAL CHURCH)
| ACCOUNTS TO YEAR 31 MARCH 2023 | ACCOUNTS TO YEAR 31 MARCH 2023 | 2023 | 2023 | 2022 | 2022 |
|---|---|---|---|---|---|
| Notes | Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Administration Costs | 5 | ||||
| Staff costs and emoluments | 44,970.80 | 44,970.80 | 37,435.40 | 37,435.40 | |
| General expenses | 425.27 | 425.27 | 523.40 | 523.40 | |
| Gas, water and electricity | 7,977.37 | 7,977.37 | 9,246.13 | 9,246.13 | |
| Maintenance, cleaning, repairs and renewals | 2,508.13 | 2,508.13 | 2,017.99 | 2,017.99 | |
| Car park rental | 7,800.00 | 7,800.00 | 6,750.00 | 6,750.00 | |
| Insurance | 3,837.53 | 3,837.53 | 3,635.65 | 3,635.65 | |
| Telephone & Internet charges | 258.68 | 258.68 | 258.68 | 258.68 | |
| AOG Subscriptions | 2,160.00 | 2,160.00 | 1,980.00 | 1,980.00 | |
| Criminal record checks | 255.40 | 255.40 | 276.20 | 276.20 | |
| Accountancy | 800.00 | 800.00 | 675.00 | 675.00 | |
| Depreciation-Fixtures & Computers | 1,555.31 | 1,555.31 | 4,206.42 | 4,206.42 | |
| 72,548.49 | 72,548.49 | 67,004.87 | 67,004.87 | ||
| 6. STAFF COSTS AND EMOLUMENTS | |||||
| Stipends, salaries, pensions and NIC | 44,970.80 | 44,970.80 | 37,435.40 | 37,435.40 | |
| Visiting Ministry fees and accommodation | - | - | - | - | |
| Communication & Other costs | 44,970.80 | 44,970.80 | 37,435.40 | 37,435.40 |
8. TANGIBLE ASSETS
| Opening Cost Addition Closing Cost Opening depreciation Charge for the period Closing Cost Net Book Value As at 31 March 2022 As at 31 March 2023 |
Freehold land Furniture Electronic & Buildings Fixtures & EquipmEquipment Total 220,795.00 132,821.75 26,640.83 380,257.58 - |
|---|---|
| 220,795.00 132,821.75 26,640.83 380,257.58 |
|
| 3,495.00 129,886.61 14,022.81 147,404.42 - 293.51 1,261.80 1,555.31 |
|
| 3,495.00 130,180.12 15,284.61 148,959.73 |
|
| 5,047.02 5,047.02 1,837.66 232,853.16 |
|
| 217,300.00 2,641.63 11,356.22 231,297.85 |
3
AUTHENTIC CITY CHURCH (FORMERLY BETHSHAN INTERNATIONAL CHURCH)
| ACCOUNTS TO YEAR 31 MARCH 2023 | 2023 | 2023 | 2022 | 2022 |
|---|---|---|---|---|
| Notes Unrestricted | Total Funds | Unrestricted | Total Funds | |
| 9. DEBTORS | ||||
| Prepayments | - | - | 1,637.68 | 1,637.68 |
| Total Debtors | - | - | 6,229.30 | 6,229.30 |
| 10. CREDITORS: AMOUNTS FALLING DUE WITHIN 1 YEAR | ||||
| Accruals | 300.00 | 300.00 | 2,165.29 | 2,165.29 |
| Pension Fund deductions | - | - | - | - |
| Taxation and Social Security | - | - | 186.98 | 186.98 |
| Total Creditors: Amounts falling due within 1 Yea | 300.00 | 300.00 | 2,352.27 | 2,352.27 |
11. Contingent Liability
In June 2021 the Church received an invoice from Manchester City Council for rental on the car park adjacent to the Crowcroft Road premises claiming additional monies from April 2016of over twenty-one thousand pounds Despite our attempts to engage with them, we hav e currently been unable to come on an agreement on the amount due. During this period all rental invoices from the City Council were paid and from June 2021, the Church has increased the rental when notified. Pending resolution of this situation, no reserve for these extra charges has been maid in the accounts
Registered Charity : 1052 608
4
AUTHENTIC CITY CHURCH (FORMERLY BETHSHAN INTERNATIONAL CHURCH) FOR THE YEAR ENDED 31 MARCH 2023
NOTE 1 BASIS OF PREPARATION
1.1 BASIS OF ACCOUNTING
These accounts have been prepared on the basis of historic cost (except that investments are shown at market value) in accordance with:
Accounting and Reporting by Charities- Statement of Recommended Practice (SORP 2011); and with Accounting Standards; and with the Charities Act 145
1.2 CHANGE IN BASIS OF ACCOUNTING
The Charity's income passed the Receipts and Payments threshold this year, the charity therefore changed from Receipts and Payment accounts to Accrual Accounting
1.3 CHANGES TO PREVIOUS ACCOUNTS
There has been an adjustment to the previous year's account by eleminating Fixed Assets from the previous year's account.
1.4 MATERIAL DONATIONS
Material Donations include:
5
AUTHENTIC CITY CHURCH (FORMERLY BETHSHAN INTERNATIONAL CHURCH) FOR THE YEAR ENDED 31 MARCH 2023
Note 2 ACCOUNTING POLICIES
This standard list of accounting policies has been applied by the charity.
INCOMING RESOURCES
Recognition of incoming resources
These are included in the Statement of Financial Activities (SOFA) when:
the Charity becomes entitled to the resources;
the trustees are virtually certain they will receive the resources; and the monetary value can be measured with sufficient reliability
Incoming Resources with Related Expenditure
Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resources and related expenditure are reported as gross in the SOFA
Grants and donations
Grants and donations are only included in the SOFA when the Charity has unconditional entitlement to the resources.
Tax reclaims on donations and gifts
Incoming resources from Tax reclaims are included in the SOFA at the same time as the gift to which they relate.
Contractual income and performance related grants
This is only included in the sofa once the related goods or services have been delivered
Gifts in kind
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised..
Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity.
Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivale.
Donated services and facilities
These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material.
The value placed on these resources is the estimated value to the charity of the service or facility received
Volunteer help
The value of any voluntary help received is not included in the accounts but is described in the trustees' annual report
Investment income
This is included in the accounts when receivable
Investment gains and losses
This includes any gain loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
6