**REGISTERED COMPANY NUMBER: 04046637 (England and Wales) REGISTERED CHARITY NUMBER: 1083852** 

## **FARNBOROUGH CHRISTIAN OUTREACH UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024** 

Shaw Gibbs Limited Wey Court West Union Road Farnham Surrey GU9 7PT 



**FARNBOROUGH CHRISTIAN OUTREACH** 

## **CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31 July 2024** 

|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|3|
|**Independent Examiner's Report**||4||
|**Statement of Financial Activities**||5||
|**Balance Sheet**|6|to|7|
|**Notes to the Financial Statements**|8|to|15|
|**Detailed Statement of Financial Activities**||16||





**FARNBOROUGH CHRISTIAN OUTREACH** 

## **REPORT OF THE TRUSTEES** 

## **for the year ended 31 July 2024** 

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 July 2024. The trustees have adopted the provisions of 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). 

## **OBJECTIVES AND ACTIVITIES** 

The Charity's objects are to promote the advancement of Evangelical Christian Causes on an ecumenical basis. 

The principal activity of the charity during the year was the running of the Christian Resources Centre known as 'The Triangle', In addition the Charity sponsored and facilitated a number of local events. 

## **PUBLIC BENEFIT** 

The Charity is of public benefit in the following ways: 

- Provision of literature and other supplies and resources for local Churches and schools; 

- Supplier of fairly traded goods to the local community, including the local Borough Council; 

- Employment of special needs people; 

- Employment of voluntary staff and an active participant in work experience scheme. 

## **ACHIEVEMENT AND PERFORMANCE** 

Bookshop sales for the year increased to £86,459 (compared to £81,834 in 2023). 

Voluntary income including legacies for the period was higher at £46,506 (compared to £45,022 in 2023). There  were no grants received in the current year (2023: niil). Expenses remained similar to 2023 with total resources expended of £136,759 (from £141,019 in 2023) meaning there was a net expenditure for the period of £3,737 (2023; net expenditure of £14,153). 

The Charity's subsidiary, The Triangle Café Limited had a turnover for the period of £53,188 (compared to £54,849 in 2023). They did not receive any grant income this year and the loss of Wilko has reduced footfall significantly resulting in a loss of £15,122 (compared to a loss of £11,043  in 2023). 

## **FINANCIAL REVIEW** 

## **Principal funding sources** 

The main sources of income, derive from the sales of Christian literature and media, donations from members and supporters and sales from the subsidiary, the Triangle Café Limited. 

## **Investment policy** 

Under the memorandum and articles of association, the charity has the power to make any investment which the trustees see fit, after obtaining advice from a financial expert and having regard to the suitability of investments and the need for diversification. 

## **Reserves policy** 

The General Fund represents the Unrestricted funds arising from the past operating results. It also represents the free reserves of the charity, as all fixed assets are included in the fixed asset fund, which is a designated fund. The general fund balance was £42,268 at 31st July 2024 and the aim of the trustees is to build this up to a balance which represents 3 months of operating expenditure. 

Page 1 



**FARNBOROUGH CHRISTIAN OUTREACH** 

## **REPORT OF THE TRUSTEES for the year ended 31 July 2024** 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT** 

Farnborough Christian Outreach (a company limited by guarantee) was incorporated on 3rd August 2000, and was registered with the Charity Commission for England and Wales on 28th November 2000. On 31st January 2001, all of the assets and liabilities of the Farnborough Christian Outreach Trust (an unincorporated Charity, registered under the charity number 285306) were gifted to Farnborough Christian Outreach. 

On 15th December 2000, The Triangle Café Limited (company number 4126321) was incorporated, with the sole issued share being held by Farnborough Christian Outreach. This company carries out the activities of the café situated in the new premises of Farnborough Christian Outreach, to which the charity moved in November 2001. 

The company was established under its Memorandum of Association which established the objects and powers of the charitable company and is governed by its Articles of Association. In the event of the company being wound up, members are required to contribute an amount not exceeding £10. 

## **Appointment and induction of trustees** 

Trustees are appointed by the members and at each Annual General Meeting, one third of Board Members will retire from office. On retirement, trustees are eligible for re-election. The Articles of Association provides for a minimum of three trustees and no maximum. The trustees are also responsible for the appointment of new members. 

New trustees undergo an induction to brief them on their legal obligations under charity and company law, the content of the Memorandum and Articles of Association, the decision making processes and the recent performance of the charity. They meet key employees and the other trustees. 

## **Organisational policy** 

The trustees meet every month. The general manager is appointed to manage the day to day operations of the charity. To facilitate effective operations, the general manager has delegated authority, within the terms of delegation  approved by the trustees, for operational matters including finance and employment. 

## **Risk assessment policy** 

The trustees have worked with staff to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. 

## **REFERENCE AND ADMINISTRATIVE DETAILS** 

## **Registered Company number** 

04046637 (England and Wales) 

## **Registered Charity number** 

1083852 

## **Registered office** 

64 Kingsmead FARNBOROUGH Hampshire GU14 7SL 

## **Trustees** 

C M Mason J R D Edwards D R Palmer S M Smith G Dorey 

Page 2 



FARNBOROUGH CHRIS'I'IAN ou"fiiLACH
RF.PORT C)F THE TRUSTF.F.S
for the
ear ei)ded 31 Jul 2024
REFF.RENCTr. ATrID ADMINISTRA'I'IVE DLI I'AILS
Independent F,xaTnincr
Shaw (iibbs Limited
Wcy Coiiri West
Uiiion Road
Fariiliam
Sui'rcy
GU9 7PT
ApprovLd by order of the board of trust¢¢s oil ..............-...
7&)Ir
and signcd oli its behalf by..
C M Mason- TrustL¢
Page 3

## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FARNBOROUGH CHRISTIAN OUTREACH** 

## **Independent examiner's report to the trustees of Farnborough Christian Outreach ('the Company')** 

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2024. 

## **Responsibilities and basis of report** 

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). 

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006  Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. 

## **Independent examiner's statement** 

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: 

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 

3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or 

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). 

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. 

Lance Redman FCCA FCA 

Shaw Gibbs Limited Wey Court West Union Road Farnham Surrey GU9 7PT 

Date: ............................................. 

Page 4 



## **FARNBOROUGH CHRISTIAN OUTREACH** 

## **STATEMENT OF FINANCIAL ACTIVITIES** 

## **for the year ended 31 July 2024** 

|Unrestricted<br>funds<br>Notes<br>£<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>46,507<br>**Charitable activities**<br>Bookshop<br>86,459<br>Other income<br>57<br>**Total**<br>133,023<br>**EXPENDITURE ON**<br>**Charitable activities**<br>Bookshop<br>136,760<br>**NET INCOME/(EXPENDITURE)**<br>(3,737)<br>**RECONCILIATION OF FUNDS**<br>Total funds brought forward<br>46,005<br>**TOTAL FUNDS CARRIED FORWARD**<br>42,268|Restricted<br>funds<br>£<br>-<br>-<br>-<br>-<br>-<br>-<br>177<br>177|2024<br>Total<br>funds<br>£<br>46,507<br>86,459<br>57<br>133,023<br>136,760<br>(3,737)<br>46,182<br>42,445|2023<br>Total<br>funds<br>£<br>45,022<br>81,834<br>-<br>126,856<br>141,009<br>(14,153)<br>60,335<br>46,182|
|---|---|---|---|



The notes form part of these financial statements 

Page 5 



## **FARNBOROUGH CHRISTIAN OUTREACH** 

## **BALANCE SHEET** 

## **31 July 2024** 

|Unrestricted<br>Restricted<br>funds<br>funds<br>Notes<br>£<br>£<br>**FIXED ASSETS**<br>Tangible assets<br>7<br>378<br>-<br>Investments<br>8<br>1<br>-<br>379<br>-<br>**CURRENT ASSETS**<br>Stocks<br>9<br>62,012<br>-<br>Debtors<br>10<br>6,914<br>-<br>Cash at bank and in hand<br>5,361<br>177<br>74,287<br>177<br>**CREDITORS**<br>Amounts falling due within one year<br>11<br>(32,398)<br>-<br>**NET CURRENT ASSETS**<br>41,889<br>177<br>**TOTAL ASSETS LESS CURRENT**<br>**LIABILITIES**<br>42,268<br>177<br>**NET ASSETS**<br>42,268<br>177<br>**FUNDS**<br>14<br>Unrestricted funds<br>Restricted funds<br>**TOTAL FUNDS**|2024<br>Total<br>funds<br>£<br>378<br>1<br>379<br>62,012<br>6,914<br>5,538<br>74,464<br>(32,398)<br>42,066<br>42,445<br>42,445<br>42,268<br>177<br>42,445|2023<br>Total<br>funds<br>£<br>421<br>1<br>422<br>68,747<br>6,043<br>4,020<br>78,810<br>(33,050)<br>45,760<br>46,182<br>46,182<br>46,005<br>177<br>46,182|
|---|---|---|



The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024. 

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006. 

The trustees acknowledge their responsibilities for 

- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and 

- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. 

The notes form part of these financial statements 

continued... 

Page 6 



ARNBOROUGH CHRISI'IAN OUTREACH
BAI,ANCF. SHF.F.T - continued
31 Jul 2024
Thc5L. financial st<ltLmLnts have bgcii prcpar¢d in accordance with the provi5i0iis applicablc to ¢hdritabl¢ companies
subjecl lo the sinall coinpanics regimc.
Tli¢ financial slalcmcnts were approved by thc Board of Trnstees and aiithorised for issue
and ivere signed on its behalf by:
on
C M Mason - Truslee
The notes form part of these financial statements
Page 7

**FARNBOROUGH CHRISTIAN OUTREACH** 

## **NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 July 2024** 

## **1. ACCOUNTING POLICIES** 

## **Basis of preparing the financial statements** 

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value. 

## **Income** 

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. 

## **Expenditure** 

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. 

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. 

## **Tangible fixed assets** 

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. 

Improvements to property - Straight line over 20 years Plant and machinery - Straight line over 5 years Fixtures and fittings - Straight line over 6 years 

## **Related party exemption** 

The charitable company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. 

## **Stocks** 

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. 

## **Taxation** 

The charity is exempt from corporation tax on its charitable activities. 

## **Funds** 

General unrestricted funds represent the funds of the charity that are not subject to any restrictions regarding their use and are available for application on the general purposes of the charity. Funds designated for a particular purpose by the trustees are also unrestricted. 

Restricted funds are those subject to specific trusts, which may be declared by the donor or with their  authority. The restricted funds of the charity are restricted income funds which are expendable at the discretion of the trustees in furtherance of some particular aspects of the activities of the charity. 

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 

continued... 

Page 8 



**FARNBOROUGH CHRISTIAN OUTREACH** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 July 2024** 

## **1. ACCOUNTING POLICIES - continued** 

## **Pension costs and other post-retirement benefits** 

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to  which they relate. 

## **2. SUPPORT COSTS** 

## **3.** 

|**SUPPORT COSTS**||||
|---|---|---|---|
||||Governance|
||||costs|
||||£|
|Bookshop|||2,800|
|Support costs, included in the above, are as follows:||||
||2024||2023|
||||Total|
||Bookshop||activities|
||£||£|
|Independent examiner's fees|2,800||3,848|
|**NET INCOME/(EXPENDITURE)**||||
|Net income/(expenditure) is stated after charging/(crediting):||||
||2024||2023|
||£||£|
|Independent examiner's fees|2,800||3,848|
|Depreciation - owned assets||336|307|



## **4. TRUSTEES' REMUNERATION AND BENEFITS** 

There were no trustees' remuneration or other benefits for the year ended 31 July 2024 nor for the year ended 31 July 2023. 

## **Trustees' expenses** 

There were £nil of trustees' expenses paid for the year ended 31st July 2024 (£nil in 2023). 

## **5. STAFF COSTS** 

The average monthly number of employees during the year was as follows: 

||2024|2023|
|---|---|---|
|Retail and administration|2|2|



No employees received emoluments in excess of £60,000. 

continued... 

Page 9 



**FARNBOROUGH CHRISTIAN OUTREACH** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 July 2024** 

|**6.**|**COMPARATIVES FOR THE STATEMENT**|**COMPARATIVES FOR THE STATEMENT**|**COMPARATIVES FOR THE STATEMENT**|**OF FINANCIAL**|**OF FINANCIAL**|**ACTIVITIES**|||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted|Restricted|||Total|
|||||||funds|funds|||funds|
|||||||£||£||£|
||**INCOME AND ENDOWMENTS FROM**||||||||||
||Donations and legacies|||||45,022|||-|45,022|
||**Charitable activities**||||||||||
||Bookshop|||||81,834|||-|81,834|
||**Total**|||||126,856|||-|126,856|
||**EXPENDITURE ON**||||||||||
||**Charitable activities**||||||||||
||Bookshop|||||141,009|||-|141,009|
||**NET INCOME/(EXPENDITURE)**|||||(14,153)|||-|(14,153)|
||**RECONCILIATION OF FUNDS**||||||||||
||Total funds brought forward|||||60,158||177||60,335|
||**TOTAL FUNDS CARRIED FORWARD**|||||46,005||177||46,182|
|**7.**|**TANGIBLE FIXED ASSETS**||||||||||
|||Improvements||||Fixtures|||||
|||to||Plant and||and|Computer||||
|||property||machinery||fittings|equipment|||Totals|
|||£||£||£|£|||£|
||**COST**||||||||||
||At 1 August 2023|85,497||15,867||25,566||-||126,930|
||Additions||-||-|-|293|||293|
||At 31 July 2024|85,497||15,867||25,566|293|||127,223|
||**DEPRECIATION**||||||||||
||At 1 August 2023|85,497||15,446||25,566||-||126,509|
||Charge for year||-||330|-||6||336|
||At 31 July 2024|85,497||15,776||25,566||6||126,845|
||**NET BOOK VALUE**||||||||||
||At 31 July 2024||-||91|-|287|||378|
||At 31 July 2023||-||421|-||-||421|



continued... 

Page 10 



**FARNBOROUGH CHRISTIAN OUTREACH** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 July 2024** 

## **8. FIXED ASSET INVESTMENTS** 

|**FIXED ASSET INVESTMENTS**||
|---|---|
||Shares in|
||group|
||undertaking|
||£|
|**MARKET VALUE**||
|At 1 August 2023 and 31 July 2024|1|
|**NET BOOK VALUE**||
|At 31 July 2024|1|
|At 31 July 2023|1|



There were no investment assets outside the UK. 

The company's investments at the balance sheet date in the share capital of companies include the following: 

## **The Triangle Cafe Limited** 

Registered office: Nature of business: Coffee shop 

|%<br>Class of share:<br>holding<br>Ordinary<br>100<br>Aggregate capital and reserves<br>Loss for the year<br>**9.**<br>**STOCKS**<br>Stocks<br>**10.**<br>**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**<br>Other debtors<br>VAT<br>Prepayments and accrued income|2024<br>£<br>(73,343)<br>(15,122)<br>2024<br>£<br>62,012<br>2024<br>£<br>234<br>3,579<br>3,101<br>6,914|2023<br>£<br>(58,220)<br>(11,044)<br>2023<br>£<br>68,747<br>2023<br>£<br>10<br>451<br>5,582<br>6,043|
|---|---|---|
||||



continued... 

Page 11 



**FARNBOROUGH CHRISTIAN OUTREACH** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 July 2024** 

|**11.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||
|---|---|---|---|---|---|
|||||2024|2023|
|||||£|£|
||Other loans (see note 12)|||3,500|3,500|
||Trade creditors|||15,910|17,445|
||Social security and other taxes|||933|150|
||Other creditors|||485|151|
||Sundry Creditors|||6,550|1,000|
||Accruals and deferred income|||5,020|10,804|
|||||32,398|33,050|
|**12.**|**LOANS**|||||
||An analysis of the maturity of loans is given below:|||||
|||||2024|2023|
|||||£|£|
||Amounts falling due within one year on demand:|||||
||Other loans|||3,500|3,500|
|**13.**|**LEASING AGREEMENTS**|||||
||Minimum lease payments under non-cancellable operating leases fall due as follows:|||||
|||||2024|2023|
|||||£|£|
||Within one year|||15,000|15,000|
||Between one and five years|||2,500|2,500|
|||||17,500|17,500|
|**14.**|**MOVEMENT IN FUNDS**|||||
|||||Net||
|||||movement|At|
|||At|1.8.23|in funds|31.7.24|
||||£|£|£|
||**Unrestricted funds**|||||
||General fund|46,005||(3,737)|42,268|
||**Restricted funds**|||||
||Buy a bulb||177|-|177|
||**TOTAL FUNDS**|46,182||(3,737)|42,445|



continued... 

Page 12 



**FARNBOROUGH CHRISTIAN OUTREACH** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 July 2024** 

## **14. MOVEMENT IN FUNDS - continued** 

Net movement in funds, included in the above are as follows: 

|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|in funds|
|||£|£|£|
|**Unrestricted funds**|||||
|General fund||133,023|(136,760)|(3,737)|
|**TOTAL FUNDS**||133,023|(136,760)|(3,737)|
|**Comparatives for movement in funds**|||||
|||Net|Transfers||
|||movement|between|At|
||At 1.8.22|in funds|funds|31.7.23|
||£|£|£|£|
|**Unrestricted funds**|||||
|General fund|59,490|(13,767)|(164)|45,559|
|Fixed Asset Fund|668|(386)|164|446|
||60,158|(14,153)|-|46,005|
|**Restricted funds**|||||
|Buy a bulb|177|-|-|177|
|**TOTAL FUNDS**|60,335|(14,153)|-|46,182|



Comparative net movement in funds, included in the above are as follows: 

|**Unrestricted funds**<br>General fund<br>Fixed Asset Fund<br>**TOTAL FUNDS**|Incoming<br>Resources<br>Movement<br>resources<br>expended<br>in funds<br>£<br>£<br>£<br>126,856<br>(140,623)<br>(13,767)<br>-<br>(386)<br>(386)<br>126,856<br>(141,009)<br>(14,153)<br>126,856<br>(141,009)<br>(14,153)|
|---|---|



continued... 

Page 13 



**FARNBOROUGH CHRISTIAN OUTREACH** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 July 2024** 

## **14. MOVEMENT IN FUNDS - continued** 

A current year 12 months and prior year 12 months combined position is as follows: 

|||Net|Transfers||
|---|---|---|---|---|
|||movement|between|At|
||At 1.8.22|in funds|funds|31.7.24|
||£|£|£|£|
|**Unrestricted funds**|||||
|General fund|59,490|(17,504)|(164)|41,822|
|Fixed Asset Fund|668|(386)|164|446|
||60,158|(17,890)|-|42,268|
|**Restricted funds**|||||
|Buy a bulb|177|-|-|177|
|**TOTAL FUNDS**|60,335|(17,890)|-|42,445|



A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: 

|**Unrestricted funds**<br>General fund<br>Fixed Asset Fund<br>**TOTAL FUNDS**|Incoming<br>Resources<br>Movement<br>resources<br>expended<br>in funds<br>£<br>£<br>£<br>259,879<br>(277,383)<br>(17,504)<br>-<br>(386)<br>(386)<br>259,879<br>(277,769)<br>(17,890)<br>259,879<br>(277,769)<br>(17,890)|
|---|---|



## Unrestricted funds 

The fixed asset fund is a designated fund and represents the net book value of fixed assets of the charity, for the purpose of freeing reserves that are not available for expenditure. Transfers relate to assets capitalised during the year, and outgoing resources represent depreciation charged during the year. 

## Restricted Fund 

The Buy a Bulb fund is as a result of an appeal to pay for the new LED lights installed in the bookshop to enhance the displays. 

continued... 

Page 14 



**FARNBOROUGH CHRISTIAN OUTREACH** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued** 

## **for the year ended 31 July 2024** 

## **15. RELATED PARTY DISCLOSURES** 

The charity owns the entire share capital of The Triangle Cafe Limited (referred to as the cafe), a limited company registered in England and Wales. This year no management charges (2023: £nil) were passed onto the cafe. 

The charity did not receive a management charge from the cafe this financial year (2023: £nil). 

At the end of the year, a balance of £71,948 was due from the cafe (2023: £60,198). a provision of £15,122 against this debt has been made in the accounts of Farnborough Christian Outreach (2023: release of provision of £10,425). 

Page 15 



**FARNBOROUGH CHRISTIAN OUTREACH** 

|**DETAILED STATEMENT OF FINANCIAL ACTIVITIES**<br>**for the year ended 31 July 2024**<br>2024<br>£<br>**INCOME AND ENDOWMENTS**<br>**Donations and legacies**<br>Donations and membership fees<br>46,507<br>**Charitable activities**<br>Bookshop sales<br>86,459<br>**Other income**<br>Other income<br>57<br>**Total incoming resources**<br>133,023<br>**EXPENDITURE**<br>**Charitable activities**<br>Wages<br>16,286<br>Pensions<br>1,194<br>Rates and water<br>(319)<br>Insurance<br>2,692<br>Light and heat<br>12,359<br>Telephone and internet<br>3,638<br>Postage and stationery<br>1,152<br>Advertising<br>400<br>Sundries<br>108<br>Purchases<br>54,242<br>Rent<br>12,996<br>Internet expenses<br>763<br>Repairs and maintenance<br>15,765<br>Dues and subscriptions<br>255<br>Depn plant and machinery<br>330<br>Depn fixtures and fittings<br>6<br>Computer equipment<br>-<br>Bank charges and interest<br>405<br>Credit card commission<br>-<br>Credit card costs<br>644<br>Provision against subsidiary<br>11,044<br>133,960<br>**Support costs**<br>**Governance costs**<br>Independent examiner's fees<br>2,800<br>Total resources expended<br>136,760<br>**Net expenditure**<br>(3,737)|2023<br>£<br>45,022<br>81,834<br>-<br>126,856<br>16,460<br>-<br>(211)<br>1,282<br>19,937<br>4,381<br>991<br>452<br>220<br>51,271<br>14,942<br>17<br>14,791<br>255<br>307<br>-<br>65<br>406<br>788<br>382<br>10,425<br>137,161<br>3,848<br>141,009<br>(14,153)|
|---|---|



This page does not form part of the statutory financial statements 

Page 16