REGISTERED COMPANY NUMBER: 04107822 (England and Wales) REGISTERED CHARITY NUMBER: 1084546
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 31 December 2023
for
Chemin Neuf Community
Somerset Accountancy Services Ltd 22 Wessex Park Bancombe Business Estate Somerton Somerset TA11 6SB
Chemin Neuf Community
Contents of the Financial Statements for the Year Ended 31 December 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 6 |
| Independent Examiner's Report | 7 | ||
| Statement of Financial Activities | 8 | ||
| Balance Sheet | 9 | to | 10 |
| Notes to the Financial Statements | 11 | to | 17 |
| Detailed Statement of Financial Activities | 18 | to | 19 |
Chemin Neuf Community
Report of the Trustees for the Year Ended 31 December 2023
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 December 2023. 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
Objectives and aims
The objectives of the Charity are the advancement of the religious and other charitable work of the Congregation as the Trustees with the approval of the Superior shall from time to time think fit and if at any time the Congregation shall cease to exist or shall cease to carry on religious or other charitable work then for such other lawful charitable purposes connected with the advancement of the Roman Catholic religion as the Trustees shall determine.
The religious work of the Charity includes running the Catholic parish of Cockfosters, as well as a team helping the formation programme of the Community of St Anselm in Lambeth Palace, and supporting the prayer life in Lambeth Palace. The Community also conducts retreats, quiet days and other spiritual programmes. These are held regularly in Storrington Priory, West Sussex, and in Sclerder Abbey, Cornwall, and are for married couples, for single people and for young people.
In 2023 the Community was able to maintain a full and well-attended programme of retreats and sessions, including online retreats, despite shortages of personnel.
Sclerder Green Abbey - the permaculture project has been taking shape and a variety of volunteers are taking part.
Lambeth - ministry at the Palace was enriched and challenged by the funeral of Her Majesty the Queen and the Coronation of King Charles. The St Anselm Community encountered severe problems due to inadequate staffing by the Church of England and associated financial difficulties.
Cockfosters - the team there have been central to life of the parish, as well as participating in and fostering various CCN missions Storrington - the personnel at The Priory dropped from 5 to 2 in September but the house has been much used for private retreats and hospitality to groups as well as the regular programmes.
CANA - as well as the usual CANA programmes, a new team have explored innovative ways of making this mission accessible and fruitful.
We continue to receive private donations for the Chemin Neuf Community's charitable activity in Kinshasa, Democratic Republic of Congo. These donations supported the programme of caring for street children, reuniting them with their families, and following up to ensure a more sustainable family unit. (see section below).
In addition we continue to receive donations to support the work of Chemin Neuf Community in helping children and their families in a deprived part of Manila in the Philippines (see section below).
Page 1
Chemin Neuf Community
for the Year Ended 31 December 2023
Report of the Trustees
OBJECTIVES AND ACTIVITIES
Project to reintegrate street children in Kinshasa, Democratic Republic of the Congo
Chemin Neuf Community in the UK has for over a decade been supporting a successful project in Kinshasa, Democratic Republic of Congo (DRC) for sustainable reintegration of street children. The project is run in Kinshasa by LBM, a secular Congolese NGO set up by Chemin Neuf Community's affiliate in the DRC.
The primary objective of the programme is to reunite street children with their families. The programme started in 2004 with care and reunification of boys, and since 2011 has taken in and reunified girls as well. All the young girls, and some of the more vulnerable boys, are accommodated overnight.
LBM also gives support to older teenagers and young adults living on the streets. Support includes a Welcome Centre, and training in non-violent conflict-resolution, literacy. LBM has set up a vocational training school for both male and female young people living on the streets, but too old to come into the family reunification programme. Training is provided in installation of small-scale solar energy (both men and women successfully take part in this new training initiative and have found installation work in the wider community), carpentry, metalworking, building, and sewing.
LBM has a staff of about 50, including 27 social workers, and an active case load of around 1,000 children. A network of volunteers prepares the midday meals for children at the centres.
Chemin Neuf in the UK secured a substantial annual grant from Comic Relief to support LBM's project over the years 2013-2019. Since 2019 smaller donations received from funds and from private individuals have been passed on each year directly to the project in Kinshasa. LBM has been able to continue the programme for the time being due to additional funding from other countries, but we will continue to seek further funds from UK sources to sustain future needs.
Support for charitable projects by the Chemin Neuf Community in the Philippines
Restricted funds received from various donors in the UK have been used to support three projects in the Philippines:
1. Welfare and nutrition program
Our welfare and nutrition program called today "Tara sa Sanlo" ((tara = to go; Sanlo= San Lorenzo - our house) helps children and their families (mainly women) from a deprived slum area near the Chemin Neuf Community house. Each week, some sixty to seventy children and teenagers come on Saturday morning. These children are given a snack and a hot meal, are provided with hygiene products including anti lice shampoo so that they are able to shower and clean their hair. Some of their parents and families (particularly the women) are regularly given food supplies. The children participate in workshops including reading, writing, and maths. Catechesis and sports such as basketball and badminton are also offered. This work is carried by our volunteers, some paid members of staff and the members of the Community.
2. Children and youth education support
An Educational Grant Programme ("Taral" combining tara = to go, and aral = to learn) has been set up to help children to begin their school education as well as supporting existing pupils to continue and complete their education. It aims to provide for basic school needs that will help and encourage the children and their parents in pursuing education. One needs to remember that when a child or teenager goes to school they do not work or beg on the streets; hence, the family loses income. We organise training for the parents or guardians, providing them with food and support. Our help consists of providing school uniforms, school shoes, school materials, books and school projects; meal provision ("Baon"); providing necessary facilities (use of computer, internet etc.) that they do not have at home; organising tutorials, spiritual and human development formation for students and their parents. We do not give any money.
Page 2
Chemin Neuf Community
for the Year Ended 31 December 2023
Report of the Trustees
OBJECTIVES AND ACTIVITIES
3. Security and Safeguarding
Since our house, besides being a student hostel, welcomes children and vulnerable adults we decided to enhance the security within and around of our premises to ensure proper safeguarding. Some of the donations received have enabled us to put in place a CCTV camera system which monitors the places that are being used by the vulnerable adults and children. The CCTV was installed by a professional company working with universities and schools.
FINANCIAL REVIEW
Summary of Financial Results
Income from charitable activities was comparable to 2022, net of special items. Increases in Community Missions and payments for Cockfosters and Lamberth offset falls in External Groups and Sales.
Income from Donations improved thanks mainly to an increase in fraternity donations.
Expenditure increased by £2,000. This figure includes exceptional grants in 2022, a reduction in 2023 of grants to Kinshasa and Manila and an increase in Fraternity Allowances.
Net funds showed a deficit of £21,052 as opposed to £9241 last year. The year saw substantial increases on essential items such as food and fuel.
Reserves policy
The reserves policy of the Community for our operations within the UK has been set in the light of relatively stable monthly receipts of 'Fraternity Donations' from long-term committed members of the Community, balanced against the monthly expenditure on Unrestricted activities. Our policy is to keep a cash reserve that covers three months' expenditure on unrestricted activities less three months' fraternity donations. At the end of December 2023, the actual unrestricted cash at bank and in hand of £132,617 was still above the desired policy reserve to cover three months' expenditure.
Page 3
Chemin Neuf Community
for the Year Ended 31 December 2023
Report of the Trustees
FINANCIAL REVIEW
Review of Policies
Safeguarding (SFG): Our Safeguarding Policy, last reviewed in 2022, has been updated so as to be robust and transparent and understood by all members of the Community. Our Lead SFG person has taken advice from RLSS (Religious Life Safeguarding Service) and a pilot audit was undertaken by CSSA (Catholic Safeguarding Standards Agency). Our GDPR policy has been updated, along with Guidelines for Bullying, Whistleblowing and Complaints. Training and supervision programmes have been put in place.
Financial procedures were reviewed by an accountant from Chemin Neuf's International finance team visiting the Community in the UK.
Pension and health care risks
At present the British members of the Community in the UK are not life-committed members of Chemin Neuf Community. The future living and care costs of these British members are secured by their own existing pension funds, and in most cases by their own houses and other personal assets. Non-British Community members, who are mainly life-committed members, are backed by contributions to funds for religious in their countries of origin. Non-British Community members who have come to the UK on sponsored visas since Brexit have had to pay the Immigration Health Surcharge which covers NHS health insurance when they apply for their visas. Other non-British members all have settled or pre-settled status which includes NHS health insurance cover. Recently younger British nationals have joined the Community, but these are almost all currently based in or sponsored by France and their contributions are being paid by the French congregation of the Chemin Neuf Community.
Post-Brexit risks
At the end of 2023, four members of the Community resident in the UK were European nationals. All of these have been granted settled or pre-settled status. The Community has held a visa sponsorship licence since 2017. Experience since 2020 has shown that obtaining work visas for Chemin Neuf members from the EU or elsewhere under the new points-based immigration system is now much more expensive, and often takes longer than in the past. However, the Community still needs regularly to bring in members from abroad to keep adequate numbers to sustain its retreat houses and missions in the UK, and to maintain its international character and diversity.
Inflation risks
It is likely that interest rates will begin to fall during 2023. But conflicts in Ukraine and the Middle East make it unlikely that energy costs will moderate significantly. Legal and consultancy fees should reduce and there should be an overall reduction in this expenditure.
Food and cost of living expenses have increased considerably, despite the FareShare programme used by Storrington. At Sclerder, a permaculture project has begun which hopes to provide cheap food for Community members and visitors, and eventually generate income from sales.
There has been a large increase in Fraternity Donations as more people commit to the Community. The level of regular donations remains quite stable, although there has been a slight decrease in other donations; the net income from our charitable activities is still rising. These points suggest that we will continue to be able to fund our current level of activity in spite of inflation.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Page 4
Chemin Neuf Community
for the Year Ended 31 December 2023
Report of the Trustees
STRUCTURE, GOVERNANCE AND MANAGEMENT
Additional Information
The Chemin Neuf Community was founded in 1973 in France and stems from the Charismatic renewal and Ignatian Spirituality.
Chemin Neuf Community was incorporated in the UK in 1999. The Community now operates retreat houses at Our Lady of England Priory, Storrington, West Sussex, and Sclerder Abbey, Looe, Cornwall. The Community has been entrusted with the responsibility for Christ the King Catholic parish in Cockfosters, North London. In addition, a number of members of the Community reside at Lambeth Palace at the invitation of the Archbishop of Canterbury to support the Anglican Community of St Anselm and the worship and prayer life of the Palace. At Cockfosters parish, Community members live in parish accommodation, and Community members there take an active role in parish life.
The number of Trustees remains at 6, including 2 priests who are members of the Chemin Neuf Community. In view of the growing complexity of the Charity we have a single legal firm to assist us both in governance issues and for our general legal needs in the UK.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
04107822 (England and Wales)
Registered Charity number
1084546
Registered office
Our Lady of England Priory School Lane Storrington West Sussex RH20 4LN
Trustees
Rev. C A Hadley Clerk in Holy Orders Father A P J M Cousin Priest Mr A I Morley-Fletcher Miss J E Sikorska Member of religious congregation Mr J A M J Poujol Member of Religious Community Mr M Najjar Trustee
Independent Examiner
Somerset Accountancy Services Ltd 22 Wessex Park Bancombe Business Estate Somerton Somerset TA11 6SB
Bankers
National Westminster Bank Plc 72 High Street Street Somerset BA16 0EJ
Page 5
Chemin Neuf Community
for the Year Ended 31 December 2023
Report of the Trustees
Approved by order of the board of trustees on 15 June 2024 and signed on its behalf by:
Rev. C A Hadley - Trustee
Page 6
Independent Examiner's Report to the Trustees of Chemin Neuf Community
Independent examiner's report to the trustees of Chemin Neuf Community ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2023.
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
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
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:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
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
-
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.
Mr Bruce Evans
Somerset Accountancy Services Ltd 22 Wessex Park Bancombe Business Estate Somerton Somerset TA11 6SB
15 June 2024
Page 7
Chemin Neuf Community
Statement of Financial Activities for the Year Ended 31 December 2023
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Advancement of the religious and educational work of the Community Investment income 2 Total EXPENDITURE ON Charitable activities Advancement of the religious and educational work of the Community Other Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ 127,944 171,265 1,611 300,820 201,915 121,789 323,704 (22,884) 1,413,009 1,390,125 |
Restricted funds £ 10,650 - - 10,650 8,818 - 8,818 1,832 3,993 5,825 |
31.12.23 Total funds £ 138,594 171,265 1,611 311,470 210,733 121,789 332,522 (21,052) 1,417,002 1,395,950 |
31.12.22 Total funds £ 131,992 188,886 359 321,237 226,725 103,933 330,658 (9,421) 1,426,423 1,417,002 |
|---|---|---|---|---|
The notes form part of these financial statements
Page 8
Chemin Neuf Community
Balance Sheet
31 December 2023
| Notes FIXED ASSETS Tangible assets 7 CURRENT ASSETS Debtors 8 Cash at bank and in hand NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 9 Unrestricted funds: General fund Restricted funds: Other International Missions Kinshasa TOTAL FUNDS |
Unrestricted fund £ 1,250,785 12,448 126,892 139,340 139,340 1,390,125 1,390,125 |
Restricted funds £ - - 5,825 5,825 5,825 5,825 5,825 |
31.12.23 Total funds £ 1,250,785 12,448 132,717 145,165 145,165 1,395,950 1,395,950 1,390,125 5,034 791 5,825 1,395,950 |
31.12.22 Total funds £ 1,253,342 12,297 151,363 |
|---|---|---|---|---|
| 163,660 | ||||
| 163,660 | ||||
| 1,417,002 | ||||
| 1,417,002 | ||||
| 1,413,009 1,902 2,091 |
||||
| 3,993 | ||||
| 1,417,002 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 9
Chemin Neuf Community
Balance Sheet - continued
31 December 2023
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 15 June 2024 and were signed on its behalf by:
Miss J E Sikorska - Trustee
Rev. C A Hadley - Trustee
The notes form part of these financial statements
Page 10
Chemin Neuf Community
Notes to the Financial Statements for the Year Ended 31 December 2023
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.
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.
Office furniture and equipment - 25% on cost, 20% on cost, 15% on reducing balance and 10% on cost Motor vehicles - 25% on cost
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
continued...
Page 11
Chemin Neuf Community
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
| 2. INVESTMENT INCOME Deposit account interest 3. GRANTS PAYABLE Advancement of the religious and educational work of the Community The total grants paid to institutions during the year was as follows: Kinshasa Other International Missions The total grants paid to individuals during the year was as follows: Allowances Total number of grants given 4. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets |
31.12.23 £ 1,611 31.12.23 £ 79,885 31.12.23 £ 2,100 6,718 8,818 31.12.23 £ 71,067 |
31.12.22 £ 359 31.12.22 £ 74,713 31.12.22 £ 4,188 16,990 21,178 31.12.22 £ 53,535 |
|---|---|---|
| 31.12.23 | 31.12.22 | |
| 14 | 13 | |
| 31.12.23 £ 47,064 |
31.12.22 £ 42,875 |
continued...
Page 12
Chemin Neuf Community
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Advancement of the religious and educational work of the Community Investment income Total EXPENDITURE ON Charitable activities Advancement of the religious and educational work of the Community Other Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ 114,230 188,886 359 303,475 205,547 103,933 309,480 (6,005) 1,419,014 1,413,009 |
Restricted funds £ 17,762 - - 17,762 21,178 - 21,178 (3,416) 7,409 3,993 |
Total funds £ 131,992 188,886 359 321,237 226,725 103,933 330,658 (9,421) 1,426,423 1,417,002 |
|---|---|---|---|
continued...
Page 13
Chemin Neuf Community
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
7. TANGIBLE FIXED ASSETS
| 7. TANGIBLE FIXED ASSETS |
|||
|---|---|---|---|
| Freehold property £ COST At 1 January 2023 1,081,325 Additions - At 31 December 2023 1,081,325 DEPRECIATION At 1 January 2023 - Charge for year - At 31 December 2023 - NET BOOK VALUE At 31 December 2023 1,081,325 At 31 December 2022 1,081,325 8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Prepayments 9. MOVEMENT IN FUNDS Unrestricted funds General fund Restricted funds Other International Missions Kinshasa TOTAL FUNDS |
Office furniture and equipment £ 397,473 44,507 441,980 240,036 43,881 283,917 158,063 157,437 At 1.1.23 £ 1,413,009 1,902 2,091 3,993 1,417,002 |
Motor vehicles £ 50,686 - 50,686 36,106 3,183 39,289 11,397 14,580 31.12.23 £ 12,448 Net movement in funds £ (22,884) 3,132 (1,300) 1,832 (21,052) |
Totals £ 1,529,484 44,507 |
| 1,573,991 | |||
| 276,142 47,064 |
|||
| 323,206 | |||
| 1,250,785 | |||
| 1,253,342 | |||
| 31.12.22 £ 12,297 At 31.12.23 £ 1,390,125 5,034 791 |
|||
| 5,825 | |||
| 1,395,950 |
continued...
Page 14
Chemin Neuf Community
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
9. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Other International Missions Kinshasa TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Restricted funds Other International Missions Kinshasa TOTAL FUNDS |
Incoming resources £ 300,820 9,850 800 10,650 311,470 At 1.1.22 £ 1,419,014 2,725 4,684 7,409 1,426,423 |
Resources expended £ (323,704) (6,718) (2,100) (8,818) (332,522) Net movement in funds £ (6,005) (823) (2,593) (3,416) (9,421) |
Movement in funds £ (22,884) 3,132 (1,300) 1,832 (21,052) At 31.12.22 £ 1,413,009 1,902 2,091 3,993 1,417,002 |
|
|---|---|---|---|---|
Page 15
continued...
Chemin Neuf Community
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
9. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Other International Missions Kinshasa TOTAL FUNDS |
Incoming resources £ 303,475 16,167 1,595 17,762 321,237 |
Resources Movement expended in funds £ £ (309,480) (6,005) (16,990) (823) (4,188) (2,593) (21,178) (3,416) (330,658) (9,421) |
|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Other International Missions Kinshasa TOTAL FUNDS |
At 1.1.22 £ 1,419,014 2,725 4,684 7,409 1,426,423 |
Net movement in funds £ (28,889) 2,309 (3,893) (1,584) (30,473) |
At 31.12.23 £ 1,390,125 5,034 791 |
|---|---|---|---|
| 5,825 | |||
| 1,395,950 |
Page 16
continued...
Chemin Neuf Community
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
9. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Other International Missions Kinshasa TOTAL FUNDS |
Incoming resources £ 604,295 26,017 2,395 28,412 632,707 |
Resources Movement expended in funds £ £ (633,184) (28,889) (23,708) 2,309 (6,288) (3,893) (29,996) (1,584) (663,180) (30,473) |
|---|---|---|
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2023.
Page 17
Chemin Neuf Community
Detailed Statement of Financial Activities for the Year Ended 31 December 2023
| 31.12.23 | 31.12.22 | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |
| funds | funds | funds | funds | |
| £ | £ | £ | £ | |
| INCOME AND ENDOWMENTS | ||||
| Donations and legacies | ||||
| Fraternity Donations | 71,995 | - | 71,995 | 58,274 |
| Donations | 30,903 | 10,650 | 41,553 | 50,407 |
| Gift aid tax refunds | 18,646 | - | 18,646 | 21,161 |
| Grants | 6,400 | - | 6,400 | 2,150 |
| 127,944 | 10,650 | 138,594 | 131,992 | |
| Investment income | ||||
| Deposit account interest | 1,611 | - | 1,611 | 359 |
| Charitable activities | ||||
| Community Missions | 17,388 | - | 17,388 | 10,607 |
| External Groups | 53,109 | - | 53,109 | 70,569 |
| Language Programme | - | - | - | 6,114 |
| Lambeth | 60,275 | - | 60,275 | 42,864 |
| Church Allowance - Cockfoster | 36,209 | - | 36,209 | 30,063 |
| Literature, produce etc. sales | 4,284 | - | 4,284 | 8,525 |
| Ted & Nancy Wood Expenses | - | - | - | 20,144 |
| 171,265 | - | 171,265 | 188,886 | |
| Total incoming resources | 300,820 | 10,650 | 311,470 | 321,237 |
| EXPENDITURE | ||||
| Charitable activities | ||||
| Exceptional grants for mission | - | - | - | 42,045 |
| Grants to Kinshasa & Other International Missions | - | 8,818 | 8,818 | 21,178 |
| Fraternity Allowances | 71,067 | - | 71,067 | 53,535 |
| 71,067 | 8,818 | 79,885 | 116,758 | |
| Other | ||||
| House expenses - rent | 1,000 | - | 1,000 | 1,000 |
| Books,newspapers and videos | 455 | - | 455 | 105 |
| Food | 22,717 | - | 22,717 | 18,707 |
| Carried forward | 24,172 | - | 24,172 | 19,812 |
This page does not form part of the statutory financial statements
Page 18
Chemin Neuf Community
Detailed Statement of Financial Activities for the Year Ended 31 December 2023
| 31.12.23 | 31.12.22 | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |
| funds | funds | funds | funds | |
| £ | £ | £ | £ | |
| Other | ||||
| Brought forward | 24,172 | - | 24,172 | 19,812 |
| Rates | 11,641 | - | 11,641 | 9,855 |
| Light and heat | 50,185 | - | 50,185 | 38,626 |
| Stationery | 727 | - | 727 | 1,522 |
| Repairs and renewals | 30,840 | - | 30,840 | 31,919 |
| Cleaning | 4,224 | - | 4,224 | 2,199 |
| 121,789 | - | 121,789 | 103,933 | |
| Support costs | ||||
| Management | ||||
| Insurance | 11,985 | - | 11,985 | 11,460 |
| Communication | 4,206 | - | 4,206 | 4,743 |
| Sundries | 10,979 | - | 10,979 | 20,281 |
| Vehicle and travel expenses | 32,285 | - | 32,285 | 25,285 |
| Depreciation of tangible and heritage assets | 47,064 | - | 47,064 | 42,875 |
| 106,519 | - | 106,519 | 104,644 | |
| Finance | ||||
| Bank charges | 762 | - | 762 | 789 |
| Governance costs | ||||
| Accountancy fees | 1,603 | - | 1,603 | 1,321 |
| Legal fees | 16,214 | - | 16,214 | 3,213 |
| Consultancy fees | 5,750 | - | 5,750 | - |
| 23,567 | - | 23,567 | 4,534 | |
| Total resources expended | 323,704 | 8,818 | 332,522 | 330,658 |
| Net (expenditure)/income | (22,884) | 1,832 | (21,052) | (9,421) |
This page does not form part of the statutory financial statements
Page 19