REGISTERED CHARITY NUMBER: 1081031 REPORT OF THE TRusfEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 FOR MYOKE TRUST FARNWORTH CHRISTIAN FELLOWSHIP P B Syddall & Co 81 Cborley Old Road Bolton Lancashire BL1 ?AJ
MYOKE TRUST FARNWORTH CHiUSTIAN FELLOWSHIP CONTEiYfs OF THE FINANCIAL STATEMEiYrs FOR THE YEAR ENDED31 DECEMBER 2023 Pa8¢ Report of the Trnstees I to 2 lndependentExamineY Report statsmeDI of Fln8nelAI Actlvldes Baknnce She Notss kn the FIDaDcial St4terneDts 7 to 11 Detsiled Statement of Finanelal Athitses 12
MYOKE TRUST FARMVORTH CHRISTIAN FELLOWSFJIP RF,PORT OF I'HE TRUSTEES FOR TIIE YEARENDED31 DECEMBER 2023 'the trustees present theEr report with the f]nancial Statements of the charity for the year ended 31 D¢ceTnber 202?. trtte¢S have adopted the provisions of Accounting and Reporting by Charities.. StateTrent of Recommended Practice applicable to charities preparitig their atcounis tn accordallce with the F3claI Reporting Standard applicable ill the amd Republic of treland {FRS 102) {effective l January 2019). OBJEcfivES ALYD ACTIvrrIES PubliL bellefjt Each year the trustees consider the Charity CommissiL)n guidance in relation to public benefit and review the objectives and activities of th¢ charity to ensure they continue to reflect thcir aims and provide public benefit. lThe trustees are more than satEsfied that they do. FIIYANCIAL REVtEW Investment policy and objectives The trustees have the power to make any IVesent they deem fit. Reserves policy The trustees attetnpt to maintain liquid reserves of £5,000 as wotking capital for the forthcoming year. At the balance sbeet date the charity had more ihan sulyicieni funds avdilable. STRUCTURE, C.OVIRNANCE AND MLyAGEME Governing document ThE eh2rity 15 controlled by its governing d(Ument, a deed of trust and constite5 an un]ncooratQd chariry. Recrnitment atad appointment of new tnistees The pow¢r to appoint or r¢move a tnlee is vested the truste. Orgallisational Structure 'rhe Myoke Trusi is nLainly involved in running a ChuTcIL, Christian teaching and other related work in the cornrnunity with the name Fatnworth Christian Fellowship. The main place of W0bIp is at St Thomas CenLTe, Westinillster Avenue, Farnwortty Bulton BL4 7DS with the administrative office from 61 Plodder Ldne, Farpworth, Bolton BL4 OBX. The affairs are managed, for the time bein& by four trustees namely. Pastor J Daniel-sam, H C Daniel-sam, A Tonge and P Morris. There are Trustee Meetg5 at regul intervals. The trnst has ehariiable starus which is of cnormo% benefit in accomplishing the ObJtiveS of the ttust. REFERENCE AND ADMINISTRATtVE DETAtLS Registered Chsrity number 1081031 Principal addrus 61 Plodder Lanc Bolton LanC]llre BL4 OBX Trustees Pastor J Daniel-sdni '. Pastor of the Church H C Danicl-sarn .' Assistant Pastor of the Church A Tonge .' Elder of the Church P Mottis '. Elder of the Church Page I
MYOKE TRUST FARIYWORTH CHRISTIAN FEIIOWSlllP REPORT OF THE TRUSTFES FOR THE YEAR EI¥DED 31 DECEMBER 2023 Independent Examiner Adam J Syddall F.C.A. P B Sydda]l & Co Chartered Accountants Grafton House 81 Chorley Old iioad Boltoll Laneashi BLI 3AJ BIDker The Royal Bank of Scotland plc 104 Market Ststet Farnworth Bolton BLA 9AB Bankers Barclays Bank plc The Welisprin Vithoria Square Bolton BLI IBY Approved by ijrder of theiN)aDJ of trustees otL22 (t02024 ond signed on its ithlfty.. PaslorJ Dantel.Sam- Thjstse
INDEPENDENf EXAMINER'S REPORT TO THE TRUSTEES OF MYOKE TRUST VARNWORTH CIIRISTIAN FELInWSHIP Independent examineVs rtport ¢0 ¢he trnstees off Myok¢ Trnst Farnworth Chri51ian F¢]knhIp L weport tr) the charlty trustee& on my examination of the accounts of Myoke Trust Farnworth CbTisti#n Fell(s1P {the TnLSt) for they¢aT ended 31 December2023. Responslbllltks bg8ts of report As the charity trustees of the you are responsible for the PTeparatiOD of th¢ accounts in acKordance with the requirements of the ChBrities Ad 2011 (the Acv). I report in respect of my examination of the ThL8Vs accounts Carri out und¢T Sedion 145 of the Act and in wying out my examntiOn I have followed all wlicable Dllrctions given by the Charity CorAmi55ion Wlder secti 145(5Kb) of the ACL ItMlepeDdent exaxllkner's ytstement I have completed my exalnination. I eonfjmi that no rnater1 rnthers h&Y¢ to my atttion in connection with the EXamu10ll giving me cause to believethat in ally materiairwt.. accounting records wer¢ k¢pt in respe£t of the TnLStas required by Section iiu oi Itie A¢ or the accounts do not accord with those rewrds. or the a¢¢ounts do not compty with the app]i(xble requiments concerning the fom] and content of acwuDts set out in the Chariti¢5 (Aunts pnd Rerts) Regulations 2008 other than any requirnllt that the accounts give a true and fair view whith is not a matt¢r¢oDsidered &8 part of an independent examitloA. I have no ¢on¢em8 and have me across no oth¢r matters in connKtion wilh the examitlltion to wbich attentiLm should be drnwn in this report in orderto enable a prOpu[e[staTldlnS of the accounts to be readwj. Adam J Sydddl MA F.C.A. The Institute of Chart¢red Ac¢ountouts in End and Wales P B Syddall &Co Grafton Hous¢ 8 I Chorley Old Road Bolton LAnch]re BLI 3AJ 22 OctobEr2024 Page 3
MYOKE TRUST FARNWORTH CHRISTIAN FELWWSHIP STATEMENT OF FII¥ANCIAL AcfIvITIFS DR THE YEAR ENDED 31 DECEMBER 2023 2023 Total nds 2022 Total funds UJ]re5trActed Restrict&l funds fimds Not&% INCOME AND ENDOWMEiYfs FROM Donations and legacies 1111,107 101,107 66,945 EXPENDITURE ON 76,170 7&170 62,153 NET INCOME 24937 24,937 4,792 RECONCILIATION OF FUM)S Total fiu)ds brought fonvard 229,791 6,965 236,756 225,969 TOTAL FUNDS CARRIED FORWARD 254,728 261,693 230,761 The notes forni part of these firICial ststements
MYOKE TRUST BALANCE SHEET 31 DECEMBER 2023 2023 Total fuDd5 2022 fun(ts funds FIXED ASSEI Tangible &%sets 269203 269203 263,829 CURRENT ASS Cash atbank and in bmd 21J98 6,965 28?63 3,766 CREDITORS Amounts fyjling due within oneyear (3S873) (35073) (36,834) NET CURRENf A&SETS 4,475) 6.965 (7JiO) (33.068) TOTAL A&8ETS LESS CURRENT LIABILITIES 254,728 6965 261,693 230.761 NET ASSE13 254.n8 6,965 261.693 230,761 The notes form part of thtte fjnancial ststements Page 5 ctinlled...
MYOKE TRUST FARNWORTH CHRISTIAN FELLOWSHIP BALANCE SHEET. conthiued 31 DECEMBER2023 FUNDS UJr¢stria¢d fjjnds 254,728 6,965 229.791 970 TOTAL FUNDS 261,693 230,761 The financial statements approved by the Board of Tnjstees and &uthori5ed for iw on 22 October 2W24 arAd weTe on its behalf by: J Dani l.Sam.Tn H C Daniebsam. Tr¢ Gfvi A Tonge. Trustee P mo1$. Tn The notes forni part ofthese fJnan¢ial st*m¢]tts
MYOKE TRUST FARNWORTH CHRISTIAN FELLOWSHIP OTES TO THE FtNANaAL sfATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 ATUTORY INFo)IATIoN Myoke Tnjst Farnworth Christian Fellowship is a registered Cbarity regist¢toJ in Engknd and Wales. The chariws regIered nutnb¢r a1 r¢gi$t¢r¢d office addre55 be found in the Report of the Tntstees. The plratiOn cutTency of the fmancial slthments is the Pound ster18 (£). ACCOUNTING POLICIES BASIS OF PREPARING THE FINANCIAL STATEMENTS The fioancial ststements of the charity. whith i5 4 public benefft Ltity under Tr'KS IW2. hav¢ b prepared in a¢¢ordgn¢e with the Chorities SORP (FKS 102) 'AoUnting and Reporti by Charities.. S1atement of Recornmended Pradi¢e applicabl¢ to chorities prepariDg their accojnts in accordance with the Fitwirial Reporting Standard applithle in thE UK and Republic of ]TelAnd {FRS 102) (effective l Januy 2019),. Financial Reporting Stondard 102 Tr Financial Reporting StandaTd applicable in the UK and Republic of IT¢land' and the Charities Act 2011. The fmancial stat¢ments bave been prepared under the historical cost convelltion. COME All income is recognised in the StatetTr ot"FinancJal Acttythes OD¢¢ the tharity ¢ntitiement to the fiJDds, it is probablethat th¢ It¢ will be Teceived aDdthe amouttt can be Jne&wred reliably. EXPEM)ITURE Li&biliiie% are recognised expenditure a5 SODn thEre is a legal or con5trn¢tiYe obligation CA)mmittsDg the charity to that expendittl it is probable that & transfer of 0orni¢ b¢n¢fits will be Tequired in settlement and the amount of the obligation can be Mured reliabty. Expenditur¢ is 0ted for on dn accDJals bJsis and h&$ been cl&s5ifi¢d under headings that aggregate all cost related to the category. Where costs WITlOt be directly amributed to particuiar h¢wlings they have been 8IIoc4t¢d to activiti on A basis consisteDt with the use of TANGIBLE FIXED ASSETS Depreciation 15 provid & th¢ followin8 4]ll1 rates in order to write off eaeb et over its estiTnated us¢fiJl life. Freehold property and propety aherations 1ts8truments and PA equipment Fixtures and fittitws not provid 15•/fj on reducing balance 15% on reducing balm¢e TAXATION The charity is exempl from tax on its chaTitabl¢ activitics. FUND ACCOUNTING UDtestricted funds w be ed in accordCe with the charitsble objertiv¢s at th¢ discretion of the trustees. Restrithd fiw(ts only be used for particu]4r Testrie*d purposes within the objeLts of the chaTity. R£dricticMLq arise when specified by the donor orwh¢n fillth are raised fOrpartI1arTC5trICtvj purp(13w. GOING CONCERN At the time of approving the acc(Rwts, the trtte8 bave A rea80nable expect&tion that the cknity has adequate resources to continue in operdtii)nal existce for the foreseeable future. Thus the trustw continue to adopt the going b&sis uf accounting ill preparing th¢ acctsuttts. Page 7 ntinued...
MYOKE TRUST FARNWORTH CHRISTIAN FELU)WSHIP NOTES TO THE FINANCIAL sfATEMBNTS- condnlled FOR THE YEAR ENDED 31 DECEMBER2011 CIUTICAL ACCOUNfING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY Jn th¢ 4ppliri¢m ofthe chty's accounting policies the tttee8 Ire reqU¢d to make judg¢meJLts estijllates and 8sumption5 about the ¢anying of &q9ety and liabilities that not readily aly from other sources. The &stimates and &lated &8sumptions are b&sed on historlcal exp¢rience and other fa(knrs that are ¢onsid¢r¢d to be relevanL Actuairesults may diff¢r frvmthesc estiDte8. The estimates Ènd underlying assumptions are reviewed on an ongoing basis. R¢visi(ms to accounting &qiimates ar¢ re¢018¢d in the peri1 in whith the estimatt ts tEvised wh¢r¢ the revision affts onty that pertod or in the peri of revision 8md futtwe pu1JS where the revision affects both cumt and fiJttr¢ wiodq. There wete no estimate or SuMptiOnS whleh have a significant risk of causing a Materi adju5ttnent to the canying amijwrt of agsets and liabilities. TRUSTEFS, REMUNERATION AND BENEFTrs Tnjstee's remuneration paid to J tkniel-sam amounted to £18,000 for bis serviceg &8 Pastor duTiDg th¢ y¢ar ended 31 Dwonb¢r2023 (2022- £18,000). TRUSTEES, EXPENSES Trthy expeDses amoutlted to £1,5(MJ dfftgth¢ y¢ar¢nded 31 D¢c¢mber2023 (2022. £1,500). STAFF COSTS The average munthly numb¥rof employgeg during the YearW follows: 21)23 2022 No ejnployees receiv emolwnents in Bxce&s of £tiO.(KIO. TANCIBLE FIXED ASSE15 Freehold property Fixtures io and PA Tota]s COST At l January 2023 Additions 21&403 22W) 59,770 IOJ04 7298 373,631 IOJ04 Ai 31 Dec¢mb¢r 2023 218A03 21860 71J.074 72,598 3,935 DEPRECIATION At L JanNary 2023 Charge fory¢ar 47JOI 3.416 61501 IA14 1119,802 4,930 At 31 Dec¢rnb¢r 202J 5t171'1 64,015 J14,732 NET BOOK VALUE At 31 December 2023 218,403 2U60 19J57 269,203 At 31 December2022 218.403 22.860 11469 10.097 263,829 ontinu¢d..
MYOKE TRUST FARNWORTH CHRISTIAN FELLOWSHIP NOTES TO THE FINANCIAL sfATEMEm- eondDu FOR THE YEAR ENDED 31 DECEMBER 2023 TANGtBII FIXED ASSETS. eon¢inued The cost of fr¢¢hold property included in fre¢jId property andpropety afterntions iy £45.875. CREDITORS.. AMOUNTS FALLING DUE WITHIN OIYE YEAR 21123 2022 Social s¢¢urity and other tsxes Other ¢dItor- Pastor J Daniel-sam Other cteditor- H C Damiel- Sa Alua1$ and deferred incom¢ 6,193 27203 1.519 2,172 29,806 908 35073 36.834 MOVEMENT IN FUNDS Net rnovement in funds At 31.12.23 Ai 1.123 Umfastrieted 229,791 24937 254.728 R&strleted funds Funds forukraine Israeltow fimds 970 5.995 970 5,995 6,965 965 TOTAL FUNDS 236,756 2£937 261,693 Netmovanent in fimds, in¢lud¢d in the above are as follows: Resourcas Movement resourc expended Unrestrietfd 101,107 (76,170) 24937 101,107 (76.170) 24937 PAge 9 cc&inued...
MYOKE TRUST FARNWORTH CHIUSTIAN FELLOWSHIP NOs TO THE FINANCIAL sfATEMENTS- eontinM¢d FOR THE YEAR Ef4DED 31 DECEMBER 2023 MOVEMENT IN FUL¥DS- CDDtiDued Cotnparatives for movement N¢t At 31.12.22 Atl.1.22 Unmtrleted funds General fi)nds 225.969 3,822 229.791 R0cted funds Fun(ts fori]krairAe 970 970 225.969 4,792 230,761 Comparntive net movement in included in the above are as follows.. Incoming ROUr¢£8 Movernent Unrestrictcd funds 65.975 (62,153) Re5tri¢trd fund5 Funds forukraine 970 970 TOTAL FUI¥DS 66.945 (62,153) 4,792 A cuntnt year 12 m¢)nths priorye4r 12 mODths combined positiC is &q follows.. Net movement At 31.1223 Atl.1.22 Unrutrithd tsd$ Genernl 225.969 28,759 254,728 R&4trleted thnd$ Funds for UkTaine 970 970 TOTAL FUNDS 225,969 29.729 255,698
MYOKE TRUST FARNWORTH CHRtSTIAN FELLOWSHIP NOTES TO THE FINANCIAL sfATEMENTS- eontinued FOR THE YEAR ENDED 31 DECEMBER2023 MOVEMENf IN FUNDS. eontthued A cumt year 12 months and prior year 12 months CA)mbiThed net movement in included in the above are a5 follows: Incoming Resources expended Movement in fijnds Unrestricted funds General fimds 167.082 (138,323) 28,759 Restrlcted funds Funds forUkraiDe 970 970 108,052 (138J23) 29,729 RELATED PARTY DISCIA)SURES At the balance sheet datts the charity owed Pastor J Dani¢l-Sam £27,203 (2022 - £29.806) who has aed Dot to withth¥w these monies until the eharity b&% sufficient ¢ashflow for him to do so. The amwDt is included within Credit(5 du? within one year. The clwity also oived IJus¢e¢ H C Daniel.Sam £1,519 (21)22 . £3.948) at th¢ balance sheer date which is ui¢lud¢d withio ¢redits)rs due wi(hiu one year. During theyear King8 Park Cbri5tillTh Centre, a550¢i4ted charity. donated £15.500 to th¢ ch8rAty. Pa8ell
MYOKE TRUST DETAILF STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Donations and leg4cie5 Gifts Gift aid Off¢rirtgs and tithes Sllnthy income Special Ukraine fimds 3290 10202 53.919 82J17 970 1.850 ISJOO 101,107 66,945 Total Incomlng resources 101,1117 66,945 EXPENDITURE Other Worship expenses Vehicle Maintenance Ministevs expenses Church d¢velopJnent expenses OutrEath mission &xpenses Administrative ovettLeads Ikw¢ciation of tangible ed assets 4114 406 1,500 9,769 3,962 19,489 4,930 35.542 624 1,500 3,291 3,209 12,(M)5 3,982 7&17 62,153 Total resources expended 76,170 62.153 Net Incorne 24J37 4.792 This page doe5 not forn] part of the statutory financial 5tatsuents Pag¢ 12