Charity registration number 1067541 (England and Wales)
COCKERMOUTH CHRISTIAN CENTRE TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
COCKERMOUTH CHRISTIAN CENTRE TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr P Boustead Mr D Hetherington Mr R Smith Mr H B Vyner-Brooks Mrs M Morgan
Charity number (England and Wales) 1067541 Independent examiner Armstrong Watson LLP Carleton House 136 Gray Street Workington Cumbria CA14 2LU
COCKERMOUTH CHRISTIAN CENTRE TRUST
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 |
| Independent examiner's report | 2 |
| Statement of financial activities | 3 |
| Balance sheet | 4 |
| Notes to the financial statements | 5 - 14 |
COCKERMOUTH CHRISTIAN CENTRE TRUST
TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2024
The trustees present their annual report and financial statements for the year ended 31 March 2024.
Cockermouth Christian Centre Trust is constituted by the Trust Deed dated 21 December 2000 and is a registered charity. The address of the charity is Main Road, Cockermouth, Cumbria. The Trustees for the year were: -
-
Mr P Boustead
-
Mr H B Vyner-Brooks
-
Mr D Hetherington
-
Mr R Smith
-
Mrs M Morgan
Investment Powers
The charity owns no investments and keeps all funds in a Bank Account.
Objects
The Charity was formed in order for the furtherance of the Christian faith and other charitable work including a foodbank and food pantry for the local community.
Activities
During the year the Trust continued the furtherance of the Christian faith, provided support to members of the congregation in need and provided facilities for children's activities. During the year there was the introduction of the Food Pantry, an inclusive project to provide assistance with food and energy costs to the local community.
Financial Statements
The attached financial statements show the current state of the charity's finances.
Public Benefit Statement
The activities of the Charity are mindful of the benefit afforded to the public in accordance with the Charity Commission's guidelines.
Risk Management
The trustees actively review the major risk which the charity faces on a regular basis and believe that maintaining reserves at current levels, combined with an annual review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks faced by the charity and confirm that they have established systems to mitigate the significant risks.
Future Developments
To help those in need financially and spiritually. Continue teaching Christian values to the people in the congregation and the wider community.
Reserves Policy
The trustees of the charity are satisfied with the current level of general reserves.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "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 2019).
The trustees' report was approved by the Board of Trustees.
Paul Boustead
Paul Boustead (Jan 31, 2025 10:01 GMT)
Trustee
31 January 2025
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COCKERMOUTH CHRISTIAN CENTRE TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF COCKERMOUTH CHRISTIAN CENTRE TRUST
I report to the trustees on my examination of the financial statements of Cockermouth Christian Centre Trust (the charity) for the year ended 31 March 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.
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
Independent examiner's statement
Since the charity’s gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.
Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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1 accounting records were not kept in respect of the charity as required by section 130 of the Charities Act 2011.
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Steven Kirkbride
Steven Kirkbride (Jan 31, 2025 10:18 GMT)
Steven Kirkbride BFP ACA ATT MAAT
Armstrong Watson LLP Carleton House 136 Gray Street Workington Cumbria CA14 2LU 31 January 2025
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COCKERMOUTH CHRISTIAN CENTRE TRUST
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
| Unrestricted Restricted funds funds 2024 2024 Notes £ £ Income and endowments from: Donations and legacies 3 22,748 232,769 Investments 4 - 2,403 Other income 5 4,124 6,630 Total income 26,872 241,802 Expenditure on: Charitable activities 6 22,426 285,576 Total expenditure 22,426 285,576 Net income/(expenditure) 4,446 (43,774) Transfers between funds (4,629) 4,629 Net movement in funds (183) (39,145) Reconciliation of funds: Fund balances at 1 April 2023 39,258 393,520 Fund balances at 31 March 2024 39,075 354,375 |
Total Unrestricted Restricted funds funds 2024 2023 2023 £ £ £ 255,517 19,411 339,713 2,403 5 145 10,754 4,244 7,226 268,674 23,660 347,084 308,002 19,642 226,958 308,002 19,642 226,958 (39,328) 4,018 120,126 - - - (39,328) 4,018 120,126 432,778 35,240 273,394 393,450 39,258 393,520 |
Total 2023 £ 359,124 150 11,470 |
|---|---|---|
| 370,744 246,600 |
||
| 246,600 | ||
| 124,144 - |
||
| 124,144 308,634 |
||
| 432,778 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
- 3 -
COCKERMOUTH CHRISTIAN CENTRE TRUST
BALANCE SHEET
AS AT 31 MARCH 2024
| Notes Fixed assets Tangible assets 10 Current assets Debtors 11 Cash at bank and in hand Creditors: amounts falling due within one year 12 Net current assets Total assets less current liabilities The funds of the charity Restricted income funds 14 Unrestricted funds 15 |
2024 £ 15,204 380,305 395,509 (8,123) |
£ 6,064 387,386 393,450 354,375 39,075 393,450 |
2023 £ 16,226 413,562 429,788 (4,479) |
£ 7,469 425,309 |
|---|---|---|---|---|
| 432,778 | ||||
| 393,520 39,258 |
||||
| 432,778 |
The financial statements were approved by the trustees on 31 January 2025
Paul Boustead
Paul Boustead (Jan 31, 2025 10:01 GMT)
Mr P Boustead Trustee
- 4 -
COCKERMOUTH CHRISTIAN CENTRE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
1 Accounting policies
Charity information
Cockermouth Christian Centre Trust is a unincorporation charity.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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 2019). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
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COCKERMOUTH CHRISTIAN CENTRE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
1 Accounting policies
(Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Equipment 20% straighline basis Motor vehicles 20% reducing balance basis
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.9 Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
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COCKERMOUTH CHRISTIAN CENTRE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
1 Accounting policies
(Continued)
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
1.10 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.11 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Income from donations and legacies
| Unrestricted Restricted funds funds 2024 2024 £ £ Donations and gifts 19,121 211,126 Food Pantry donations - 8,593 Grants 3,627 13,050 22,748 232,769 |
Total Unrestricted Restricted funds funds 2024 2023 2023 £ £ £ 230,247 19,411 230,779 8,593 - 3,234 16,677 - 105,700 255,517 19,411 339,713 |
Total 2023 £ 250,190 3,234 105,700 |
|---|---|---|
| 359,124 |
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COCKERMOUTH CHRISTIAN CENTRE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
| 3 Income from donations and legacies Unrestricted Restricted funds funds 2024 2024 £ £ Donations and gifts Foodbank donations - 211,126 Gift aid and deeds of convenant 19,121 - 19,121 211,126 4 Income from investments Unrestricted Restricted funds funds 2024 2024 £ £ Interest receivable - 2,403 5 Other income Unrestricted Restricted funds funds 2024 2024 £ £ Income tax recoverable 4,124 6,630 |
Total Unrestricted Restricted Total funds funds 2024 2023 2023 2023 £ £ £ £ (Continued) 211,126 - 201,140 201,140 19,121 19,411 29,639 49,050 230,247 19,411 230,779 250,190 Total Unrestricted Restricted Total funds funds 2024 2023 2023 2023 £ £ £ £ 2,403 5 145 150 Total Unrestricted Restricted Total funds funds 2024 2023 2023 2023 £ £ £ £ 10,754 4,244 7,226 11,470 |
Total Unrestricted Restricted Total funds funds 2024 2023 2023 2023 £ £ £ £ (Continued) 211,126 - 201,140 201,140 19,121 19,411 29,639 49,050 230,247 19,411 230,779 250,190 Total Unrestricted Restricted Total funds funds 2024 2023 2023 2023 £ £ £ £ 2,403 5 145 150 Total Unrestricted Restricted Total funds funds 2024 2023 2023 2023 £ £ £ £ 10,754 4,244 7,226 11,470 |
|---|---|---|
| 250,190 | ||
| Total 2023 £ 150 |
||
| Total 2023 £ 11,470 |
- 8 -
COCKERMOUTH CHRISTIAN CENTRE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
6 Expenditure on charitable activities
| Unrestricted expense Foodbank expenses Warehouse expenses Foodbank wages Food pantry expenses 2024 2024 2024 2024 2024 £ £ £ £ £ Direct costs Staff costs - - - 62,539 - Depreciation and impairment 540 1,750 - - 115 More than food initiatives - 14,942 - - - Advertising, postage and stationery - 7,514 - - - Rent and rates 3,566 1,780 2,373 - - Outreach expenses 4,420 30,835 - - - Light, heat and power 2,327 917 7,123 - - Food purchases - 107,532 - - 14,689 Gifts 3,816 - - - - Repairs and renewals 84 4,739 7,164 - - Insurances 1,393 - - - - Telephone - 898 - - - General expenses 2,172 8,902 - - - Motor expenses 2,518 9,410 - - - Accounting fees 1,590 2,354 - - - 22,426 191,573 16,660 62,539 14,804 Analysis by fund Unrestricted funds 22,426 - - - - Restricted funds - 191,573 16,660 62,539 14,804 22,426 191,573 16,660 62,539 14,804 |
Total 2024 £ 62,539 2,405 14,942 7,514 7,719 35,255 10,367 122,221 3,816 11,987 1,393 898 11,074 11,928 3,944 |
|---|---|
| 308,002 | |
| 22,426 285,576 |
|
| 308,002 |
- 9 -
COCKERMOUTH CHRISTIAN CENTRE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
6 Expenditure on charitable activities
(Continued)
| Previous year: Unrestricted expense Foodbank expenses Warehouse expenses Foodbank wages Food pantry expenses 2023 2023 2023 2023 2023 £ £ £ £ £ Direct costs Staff costs - - - 53,884 - Depreciation and impairment 340 2,065 - - 116 More than food initiatives - 13,545 - - - Advertising, postage and stationery - 3,835 - - - Rent and rates 2,956 1,796 2,394 - - Outreach expenses 4,011 23,960 - - - Light, heat and power 2,140 837 1,116 - - Food purchases - 83,083 - - 9,636 Gifts 3,398 - - - - Repairs and renewals 3,150 9,113 854 - - Insurances 1,092 - - - - Telephone - 1,526 - - - General expenses 1,103 9,521 - - - Motor expenses - 7,659 - - - Accounting fees 1,452 2,018 - - - 19,642 158,958 4,364 53,884 9,752 Analysis by fund Unrestricted funds 19,642 - - - - Restricted funds - 158,958 4,364 53,884 9,752 19,642 158,958 4,364 53,884 9,752 |
Total 2023 £ 53,884 2,521 13,545 3,835 7,146 27,971 4,093 92,719 3,398 13,117 1,092 1,526 10,624 7,659 3,470 |
|---|---|
| 246,600 | |
| 19,642 226,958 |
|
| 246,600 |
7 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
8 Employees
The average monthly number of employees during the year was:
| 2024 | 2023 |
|---|---|
| Number | Number |
| 5 | 4 |
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COCKERMOUTH CHRISTIAN CENTRE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
| 8 Employees Employment costs Wages and salaries Other pension costs |
(Continued) 2024 2023 £ £ 61,450 53,175 1,089 709 62,539 53,884 |
(Continued) 2024 2023 £ £ 61,450 53,175 1,089 709 62,539 53,884 |
|---|---|---|
| 53,884 |
There were no employees whose annual remuneration was more than £60,000.
9 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
10 Tangible fixed assets
| Equipment Motor vehicles £ £ Cost At 1 April 2023 19,371 10,680 Additions - 1,000 At 31 March 2024 19,371 11,680 Depreciation and impairment At 1 April 2023 16,927 5,655 Depreciation charged in the year 1,200 1,205 At 31 March 2024 18,127 6,860 Carrying amount At 31 March 2024 1,244 4,820 At 31 March 2023 2,444 5,025 |
Total £ 30,051 1,000 |
|---|---|
| 31,051 | |
| 22,582 2,405 |
|
| 24,987 | |
| 6,064 | |
| 7,469 |
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COCKERMOUTH CHRISTIAN CENTRE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
| 11 Debtors Amounts falling due within one year: Other debtors Prepayments and accrued income 12 Creditors: amounts falling due within one year Other taxation and social security Trade creditors Accruals and deferred income 13 Retirement benefit schemes Defined contribution schemes Charge to profit or loss in respect of defined contribution schemes |
2024 £ 11,397 3,807 15,204 2024 £ 1,405 3,384 3,334 8,123 2024 £ 1,089 |
2023 £ 12,916 3,310 |
|---|---|---|
| 16,226 | ||
| 2023 £ 559 138 3,782 |
||
| 4,479 | ||
| 2023 £ 709 |
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.
14 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
| At 1 April | Incoming | Resources | Transfers | At 31 March | |
|---|---|---|---|---|---|
| 2023 | resources | expended | 2024 | ||
| £ | £ | £ | £ | £ | |
| Foodbank | 387,143 | 213,209 | (191,573) | (54,404) | 354,375 |
| Foodbank wages | - | 15,000 | (62,539) | 47,539 | - |
| Foodbank warehouse | 4,795 | 5,000 | (16,660) | 6,865 | - |
| Food Pantry | 1,582 | 8,593 | (14,804) | 4,629 | - |
| 393,520 | 241,802 | (285,576) | 4,629 | 354,375 |
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COCKERMOUTH CHRISTIAN CENTRE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
| 14 | Restricted funds | (Continued) | ||||
|---|---|---|---|---|---|---|
| Previous year: | At 1 April | Incoming | Resources | Transfers | At 31 March | |
| 2022 | resources | expended | 2023 | |||
| £ | £ | £ | £ | £ | ||
| Foodbank | 267,003 | 313,250 | (156,669) | (36,441) | 387,143 | |
| Foodbank wages | - | 17,500 | (53,885) | 36,385 | - | |
| Foodbank warehouse | 4,469 | 5,000 | (4,674) | - | 4,795 | |
| Workington Town Council | 1,922 | - | (1,978) | 56 | - | |
| Food Pantry | - | 11,334 | (9,752) | - | 1,582 | |
| 273,394 | 347,084 | (226,958) | - | 393,520 |
15 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At 1 April | Incoming | Resources | Transfers | At 31 March | |
|---|---|---|---|---|---|
| 2023 | resources | expended | 2024 | ||
| £ | £ | £ | £ | £ | |
| General funds | 39,258 | 26,872 | (22,426) | (4,629) | 39,075 |
| Previous year: | At 1 April | Incoming | Resources | Transfers | At 31 March |
| 2022 | resources | expended | 2023 | ||
| £ | £ | £ | £ | £ | |
| General funds | 35,240 | 23,660 | (19,642) | - | 39,258 |
16 Analysis of net assets between funds
| Unrestricted Restricted funds funds 2024 2024 £ £ At 31 March 2024: Tangible assets 1,095 4,969 Current assets/(liabilities) 37,980 349,406 39,075 354,375 |
Total 2024 £ 6,064 387,386 |
|---|---|
| 393,450 |
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COCKERMOUTH CHRISTIAN CENTRE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
| 16 | Analysis of net assets between funds | (Continued) | ||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| funds | funds | |||
| 2023 | 2023 | 2023 | ||
| £ | £ | £ | ||
| At 31 March 2023: | ||||
| Tangible assets | 634 | 6,835 | 7,469 | |
| Current assets/(liabilities) | 38,624 | 386,685 | 425,309 | |
| 39,258 | 393,520 | 432,778 |
17 Related party transactions
There were no disclosable related party transactions during the year (2023 - none).
- 14 -
76669 Final Accounts 2024 03 31
Final Audit Report
2025-01-31
Created: 2025-01-31 By: Jo-Anna Cubby (Jo-Anna.Cubby@armstrongwatson.co.uk) Status: Signed Transaction ID: CBJCHBCAABAA4TxU8dGcakWXftXPhvQlHhMjDa9MHvSc
"76669 Final Accounts 2024 03 31" History
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