# **Registered Charity No. 1095284 Company No. 04479636**
**…………………………………………………………………………………………………………………………………………………**
# **THE HOUSE OF GENESIS**
# **(A company limited by guarantee and a registered charity)**
**…………………………………………………………………………………………………………………………………………………**
# **TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED JULY 31st 2023**
**…………………………………………………………………………………………………………………………………………………**
1
## **CONTENTS**
Page Number Reference and administrative details of the charity, its trustees and advisers 3 Trustees’ Report 4-8 Independent Examiner’s Report 9 Statement of Financial Activities 10 Balance Sheet 11 Notes to the Financial Statements 12-19
2
## **ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS August 2022 – July 2023**
Directors/Trustees: A. Lusher (Chair) S. M. Gay (Secretary) – resigned 31 March 2023 M. J. Graham Dr. S. Taplin D. Wells - resigned 02 June 2023 M. Cary P Holmes – appointed 06 June 2023
Registered Company No: 04479636 Registered Charity No: 1095284 Registered Office: 6 Laundry Close Thorpe St. Andrew Norwich NR7 0XH
Independent Examiner: Andrew Rose 9 Turner Close Wymondham NR18 0NP
3
## **TRUSTEES’ REPORT - YEAR ENDING 31[ST] JULY 2023**
The Trustees, who are also Directors of the Charity for the purposes of the Companies Act, present their Annual Report and financial statements for the year ended 31st July 2023.
The Board of Trustees are satisfied with the performance of the charity during the year and consider that the charity is in a strong position to continue its activities during the coming year, and that the charity’s assets are adequate to fulfil its obligations.
## **STRUCTURE, GOVERNANCE & MANAGEMENT**
## **a. CONSTITUTION**
The Charity is a charitable company limited by guarantee. It was incorporated on 8th July 2002 as The House of Genesis. Registered No. 04479636.
The Company is registered with the Charity Commission, registration no. 1095284. The Company’s governing instruments are Memorandum and Articles of Association. The Trustees/Directors are shown on page 3 of this report.
## **b. APPOINTMENT OF TRUSTEES**
In seeking new members of the Board of Trustees, the experience and qualifications of possible candidates and other interested parties are borne in mind, to ensure the best governance for the charity. The successful candidates are elected by existing trustees. The maximum number of trustees is twelve and the minimum is three, with five currently in post.
## **c. ORGANISATIONAL STRUCTURE**
The day-to-day work of the Charity is currently staffed by one full-time employee, three part-time employees, one finance officer working on a contractual basis and with specialist support from Trustees and volunteers.
The Charity has operated from up to five properties, during this year: 6 Laundry Close, 3 St Williams Way, 8 Pilling Park Road, 52 Newbegin Road and 82 St James Close all of which are on the east side of Norwich. The properties at Laundry Close and St Williams Way are owned by the charity, with HSBC mortgages and the remaining properties are rented from Norwich City Council under the private sector leasing scheme.
The Trustees are committed to ensuring the appropriate management structure is in place to maintain the quality and success of the service.
## **d. GOVERNANCE AND RISK MANAGEMENT**
The Trustees are committed to a regular review of the strategic, business and operational risks which the Charity faces, with a view to ensuring that appropriate systems and procedures are in place to minimise the identified risks. There is an up to date risk register included in the Business Plan, which is subject to regular review. Trustees also conducted a review of critical issues using the “15 questions” designed by the Charity Commission for that purpose.
## **e. PUBLIC BENEFIT**
In planning the activities, the Trustees have had regard to the guidance on public benefit issued by the Charity Commission in December 2008.
4
## **OBJECTIVES AND ACTIVITIES**
## **a. POLICIES AND OBJECTIVES**
The objects of the Company are to:
- promote for the benefit of the public, the rehabilitation of the homeless and ex-prisoners, and to relieve poverty by the provision of accommodation, support and advice
- advance religion for the benefit of the public in such a way that its message becomes accessible and comprehensible to those whom the Company seeks to assist.
## **b. ACTIVITIES FOR ACHIEVING OBJECTIVES**
Having lost the use of two rented properties, the work of the charity is now based within three houses where new and existing residents are welcomed and offered support, care, guidance and supervision. The Charity can now accommodate and support up to 13 men. The men are helped to address issues in their lives that may have previously led to difficulties or failures. Life skills are regularly reviewed with residents and they are encouraged to find employment, training or voluntary work in the community.
As their stay lengthens and positive self-confidence is developed, the men are encouraged to register for their own accommodation, as appropriate to each individual. The aim is that their stay at Genesis should not normally exceed one year, but the average stay is in fact around eighteen months. Many will return to visit after they have moved on. Sometimes they are seeking support, but more often are keen to demonstrate the positive progress they have made.
In common with many charities, The House of Genesis is funded through grants, fees and annual contracts. The Charity continues to seek more long-term funding.
## **c. VOLUNTEERS**
The Charity is grateful for the support given by volunteers over the year, including in particular the services of a Chaplain, who makes his services available to all residents weekly.
## **ACHIEVEMENTS AND PERFORMANCE**
## **a. COVID-19**
Although the impact of Covid-19 has lessened during the year, the charity has remained vigilant to reduce the risk of disease in all of the properties.
- A range of Personal Protective Equipment is available, some of medical standard, for use by staff and residents.
- Sanitising products have been provided and maintained at all properties.
- Staff have regularly reminded residents of the need to stay alert and posters have been put in place to reinforce this message
All remain vigilant and we are thankful that the work of the Charity, although made more difficult by the pandemic, has been able to continue and men are still being housed and supported in accordance with the Charitable objects.
5
## **b. REVIEW OF ACTIVITIES**
The House of Genesis has continued to operate in a positive and stable manner, save for the disruption described above caused by the Coronavirus. The Board of Trustees has met quarterly, with additional meetings when required for operational reasons, and are pleased to be able to sustain the provision that Genesis is able to offer to 13 men at any one time. These are all men who have been discharged from prison or who come to us from a homeless situation.
- **Accommodation**
- In September 2022 the property at Pilling Park Road was handed back to the council leaving the Charity with 4 properties, accommodating and supporting up to 15 men.
- In March 2023. the landlord gave notice to the charity to vacate the property St James Close, leaving the Charity with 3 properties and able to support and accommodate 13 men.
- The Charity is actively seeking an additional property to rent.
- Regular redecoration and refurbishment is carried out, usually when rooms become vacant to maintain a good standard of accommodation.
- A Health and Safety audit of all properties has been carried out, which also covered fire risk and an asbestos survey. The work required has been carried out in all properties, but Health and Safety remains a regular topic at board meetings and in one-to-one discussions with the General Manager
-
## **Staff and Trustees**
- Staffing now consists of a full-time General Manager and three part-time support workers.
- In addition, a Finance Officer works for the Charity on a contract basis.
- Staffing is maintained at the appropriate level. The present staff provide cover on the premises during day time and occasional evening hours with on-call support at all other times.
- A volunteer chaplain offers his services regularly to all residents, which is very much appreciated by some.
- The Charity now has five trustees with a variety of skills appropriate to the needs of the charity. Trustees are seeking additional members of the board.
-
## **Residents**
- Referrals continue to come in on a regular basis and every vacancy has several applicants.
- Occupancy rates are closely monitored with a target of 90%, which is regularly exceeded.
- Whilst not all residents find that they are able to manage themselves with the support provided, most move on after a period with us and take up successful lives in the community.
- **Finance**
- The financial situation remains stable and income covers expenditure. The Business Plan and budget for the next year looks to increase the number of men we can accommodate and support, whilst maintain the present stability.
6
-
## **Projects**
- To ensure regular review of all policies contained within the Charity’s “Staff Handbook” some are reviewed at each meeting of the board and amended or updated as necessary.
- One of the trustees took the lead in bringing professional and expert help to ensure the project meets all requirements of Health and Safety regulation and legislation. Trustees have committed to financing requirements.
- The General Manager and Trustees have been developing contacts with relevant local organisations. Training courses have been shared with one organisation and referrals for residents have been obtained from another – both examples of the benefits of networking.
- The Charity’s web-site has been regularly reviewed and updated.
## **c. FUNDRAISING**
The charity is sustainably funded. Fundraising is actively pursued for major items outside of normal running costs.
## **d. RESERVES POLICY**
The trustees aim to maintain a minimum of £50,000 as unrestricted reserves, which is held at HSBC plc. The calculation to ascertain the level of reserves and situations where they may be used is detailed in Section A7 of the Staff Handbook.
## **e. SERIOUS INCIDENT**
There have been no serious incidents during the year reported to the Charity Commission.
## **f. SIGNIFICANT EVENTS SINCE THE YEAR END**
Significant damage was caused to one of the properties by a water leak, causing part of a downstairs ceiling to collapse and ruining flooring and decoration. The total cost has been covered by insurance and repairs are almost completed at the time of writing.
7
## **STATEMENT OF TRUSTEES’ RESPONSIBILITIES**
The Trustees are responsible for preparing the Annual Report and the financial statements in accordance with the applicable law and regulations.
Company and charity law require the trustees to prepare financial statements for each financial year. Under that law the trustees have chosen to prepare the financial statements in accordance with the U.K. Generally Accepted Accounting Practice. The financial statements are required by law to give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and apply them consistently;
- observe the methods and principles in the Charities Statement of Recommended Practice (SORP);
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report has been prepared in accordance with the Statement of Recommended Practice; Accounting and Reporting by Charities (issued March 2005) and in accord with the special provisions of Part VII of the Companies Act 2006 relating to small entities. It was approved by the trustees and signed on their behalf by:
## Alan Lusher
……………………………………. Alan Lusher, Chair of the Trustees.
Date: 16 April 2024
8
Report to the Trustees of The House of Genesls
(A company Ilmfted by luarantee and a registered dr)
Charlty number 1095284 Company number 04479636
On accounts for the year ended 31 July 2023
I report to the trustees on my examlnatlon of the accounts of the above charity
for the year ended 31 July 2023
Responslbllttles and basls ol report
As the charlty tru5tees• you are responsible for the preparation of the accounts
In accordance wlth the requirements of the Charities Act 2011 ("the Act"), you
consider an audit is not required under section 144 of the Act and that an
Independent examination is needed.
I report in respert of my examinatlon of the ChariVs accounts carried out under
section 145 of the 2011 Act and in carrylng out my examlnation, I have followed
the applicable Direction5 given by the Charity Commlssion under section
14515)Ibl of the Att.
Independent Ex*mln•rfs stst•m•nt
My examlnatlon was carried out in accordance with 8eneral directions given by
the Charity Commission. The report Is Ilmited to the matters set out in the
statement below.
I have completed my eJ(amination. I confirm that no material rnatters have
come to my attention In connectlon with the examination which 8ives me cause
to belleve that in, any material respect:
Accountlng records were not kept in accordance wlth sectlon 130 of the
Act or
The accounts do not accord with the accountln8 records
I have no concerns and have come across no other rnatters in connectlon with
the examination to which attention should be drawn in orderto enable a proper
understandin8 of the accounts to be reached.
Andrew Rose
8 April 2024
9 Tumer Close
Wymondham
Norfolk
NR18 ONP
## **THE HOUSE OF GENESIS**
## **(A company limited by guarantee and a registered charity)**
## STATEMENT OF FINANCIAL ACTIVITIES
(incorporating income and expenditure account)
## FOR YEAR ENDED 31st JULY 2023
|Note
INCOMING RESOURCES
Incoming Resources from Generated Funds
Voluntary Income
1
Investment Income
2
Incoming Resources from Charitable Activities
3
TOTAL INCOMING RESOURCES
RESOURCES EXPENDED
Charitable Activities
4&5
Governance Costs
6
TOTAL RESOURCES EXPENDED
NET INCOME (EXPENDITURE) BEFORE TRANSFERS
Transfers between Funds
NET MOVEMENT IN FUNDS FOR THE YEAR
Total Funds at 1st August 2022
TOTAL FUNDS AT 31st JULY 2023||Restricted
Funds
2023
£
0
0
0|Restricted
Funds
2023
£
0
0
0|Unrestricted
Funds 2023
Total
Funds
2023
_Total_
_Funds_
_2022_
£
£
_£_
186,918
186,918
_194,840_
650
650
_13_
15,463
15,463
_11,393_|
|---|---|---|---|---|
||||||
||||0|203,031
203,031
_206,246_|
||||5,342
0|167,109
172,451
_165,686_
1,598
1,598
_4,432_|
||||5,342|168,707
174,049
_170,118_|
||||-5,342
-1,000|34,324
28,982
_36,128_
1,000
0
_0_|
||||-6,342
7,292|35,324
28,982
_36,128_
452,083
459,375
_423,247_|
||||950|487,407
488,357
_459,375_|
_The notes on pages 12 to 19 form part of these financial statements._
10
## **THE HOUSE OF GENESIS**
## **(A company limited by guarantee and a registered charity)**
## BALANCE SHEET
## AS AT 31st JULY 2023
|FIXED ASSETS
Tangible Fixed Assets
CURRENT ASSETS
Cash at Bank and in Hand
DEBTORS
Amounts Falling Payable Within One Year
CREDITORS
Amounts Falling Due Within One Year
LOANS
Amounts Falling Due Within One Year
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT ASSETS
LONG TERM LOANS
CHARITY FUNDS
Unrestricted Funds
Restricted Funds|Note
11
12
13
13
14
15|2023
£
£
506,048
107,153
7,636
-5,675
-9,518
99,596
605,644
-117,287
488,357
487,407
950
488,357|2023
£
£
506,048
107,153
7,636
-5,675
-9,518
99,596
605,644
-117,287
488,357
487,407
950
488,357|_2022_
_£_
_£_
_512,184_
_90,912_
_8,786_
_-6,253_
_-10,052_
_83,393_
_595,577_
_-136,202_
_459,375_
_452,083_
_7,292_
_459,375_|_2022_
_£_
_£_
_512,184_
_90,912_
_8,786_
_-6,253_
_-10,052_
_83,393_
_595,577_
_-136,202_
_459,375_
_452,083_
_7,292_
_459,375_|
|---|---|---|---|---|---|
|||||||
||||605,644
-117,287||_595,577_
_-136,202_|
||||488,357||_459,375_|
||||487,407
950||_452,083_
_7,292_|
||||488,357||_459,375_|
_For the year ended 31st July 2023, the company was entitled to the exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. Responsibilities of the trustees:_
_(a): The members have not required the charitable company to obtain an audit of its accounts for the year in question in accordance with Section 476 of the Companies Act. However, in accordance with Section 145 of the Charities Act 2011, the accounts have been examined by an Independent Examiner whose report forms part of this document._
_(b): The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts._
_These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime. The financial statements were approved by the trustees on 15 April 2024 and signed on their behalf by_
## Alan Lusher
_Alan Lusher Date: 16 April 2024_
_The notes on pages 12 to 19 form part of these financial statements._
11
## **THE HOUSE OF GENESIS**
## **(A company limited by guarantee and a registered charity)**
NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 31 JULY 2023
|**1. VOLUNTARY INCOME**
Donations
Grants
Donations
Grants
**2. INVESTMENT INCOME**
Interest Income
Interest Income||Restricted
Funds 2023
£
0
0|Unrestricted
Funds 2023
£
13,208
173,710|Total
Funds
2023
£
13,208
173,710|_Total_
_Funds_
_2022_
_£_
_4,319_
_190,521_|
|---|---|---|---|---|---|
|||0|186,918|186,918|_194,840_|
|||Restricted
Funds 2022
£
1,000
0|Unrestricted
Funds 2022
£
3,319
190,521|Total
Funds
2022
£
4,319
190,521
194,840
Total
Funds
2023
£|_Total_
_Funds_
_2022_
_£_|
|||1,000|193,840|||
|||Restricted
Funds 2023
£|Unrestricted
Funds 2023
£|||
|||0|650|650|_13_|
|||Restricted
Funds 2022
£|Unrestricted
Funds 2022
£|Total
Funds
2022
£
13||
|||0|13|||
12
## **THE HOUSE OF GENESIS**
## **(A company limited by guarantee and a registered charity)**
## NOTES TO THE FINANCIAL STATEMENTS
FOR YEAR ENDED 31 JULY 2023
|**3. INCOMING RESOURCES FROM CHARITABLE**
**ACTIVITIES**
Rental Income
Rental Income
**4. DIRECT COSTS**
Rent/Mortgage
Council Tax
Insurance
Utilities
Household
Salaries
Rent/Mortgage
Council Tax
Insurance
Utilities
Household
Salaries||Restricted
Funds 2023
£|Unrestricted
Funds 2023
£||Total
Funds
2023
£|_Total_
_Funds_
_2022_
_£_|
|---|---|---|---|---|---|---|
|||0|15,463||15,463|_11,393_|
|||Restricted
Funds 2022
£|Unrestricted
Funds 2022
£|||_Total_
_Costs_
_2022_
_£_
_33,316_
_6,083_
_2,891_
_19,590_
_16,379_
_34,481_|
|||0|11,393||||
|||Restricted
Costs 2023
£
0
0
0
0
5,292
0|Unrestricted
Costs 2023
£
24,570
4,558
3,089
17,282
20,574
35,836||||
||||||||
|||5,292|105,909||111,201|_112,740_|
|||Restricted
Costs 2022
£
0
0
0
0
710
0|Unrestricted
Costs 2022
£
33,316
6,083
2,891
19,590
15,669
34,481|Total Costs
2022
£
33,316
6,083
2,891
19,590
16,379
34,481
112,740|||
||||||||
|||710|112,030||||
13
## **THE HOUSE OF GENESIS**
## **(A company limited by guarantee and a registered charity)**
NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 31 JULY 2023
|**5. SUPPORT COSTS**
Motor Vehicle Costs
Office Costs
Other Costs
Salaries
Depreciation||Restricted
Costs 2023
£
0
0
50
0
0|Unrestricted
Costs 2023
£
3,943
1,251
2,918
42,069
11,019|Total Costs
2023
£
3,943
1,251
2,968
42,069
11,019|Total Costs
2023
£
3,943
1,251
2,968
42,069
11,019|_Total_
_Costs_
_2022_
_£_
_2,748_
_1,531_
_1,069_
_37,355_
_10,243_|
|---|---|---|---|---|---|---|
||||||||
|||50|61,200||61,250|52,946|
|Motor Vehicle Costs
Office Costs
Other Costs
Salaries
Depreciation
**6. GOVERNANCE COSTS**
Legal and Professional
Legal and Professional||Restricted
Costs 2022
£
0
0
0
0
0|Unrestricted
Costs 2022
£
2,748
1,531
1,069
37,355
10,243|Total Costs
2022
£
2,748
1,531
1,069
37,355
10,243
52,946
Total Costs
2023
£|Total Costs
2022
£
2,748
1,531
1,069
37,355
10,243
52,946
Total Costs
2023
£|_Total_
_Costs_
_2022_
_£_|
|---|---|---|---|---|---|---|
||||||||
|||0|52,946||||
|||Restricted
Costs 2023
£|Unrestricted
Costs 2023
£||||
||||||||
|||0|1,598||1,598|_4,432_|
|||Restricted
Costs 2022
£|Unrestricted
Costs 2022
£|Total Costs
2022
£
4,432|||
||||||||
|||0|4,432||||
14
## **THE HOUSE OF GENESIS**
## **(A company limited by guarantee and a registered charity)**
NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 31 JULY 2023
## **7. ANALYSIS OF RESOURCES EXPENDED BY EXPENDITURE TYPE**
|General Activities
Governance||Staff
Costs
2023
£
77,905
0|Depreciation
2023
£
11,019
0|Depreciation
2023
£
11,019
0|Other Costs
2023
£
83,527
1,598|Other Costs
2023
£
83,527
1,598|Total Costs
2023
£
172,451
1,598|Total Costs
2023
£
172,451
1,598|_Total_
_Costs_
_2022_
_£_
_165,686_
_4,432_|
|---|---|---|---|---|---|---|---|---|---|
|||||||||||
|||77,905||11,019||85,125||174,049
|_170,118_|
## **8. ANALYSIS OF RESOURCES EXPENDED BY ACTIVITIES**
|General Activities|Direct Costs
2023
£
111,201|Support
Costs 2023
£
61,250|Total Costs
2023
£
172,451
|_Total_
_Costs_
_2022_
_£_
_165,686_|
|---|---|---|---|---|
||||||
15
## **THE HOUSE OF GENESIS**
## **(A company limited by guarantee and a registered charity)**
## NOTES TO THE FINANCIAL STATEMENTS
FOR YEAR ENDED 31 JULY 2023
## **9. NET INCOME / (EXPENDITURE)**
|**9. NET INCOME / (EXPENDITURE)**||||
|---|---|---|---|
|This is stated after charging
Depreciation on Tangible Fixed Assets owned by the charity
Less Profit on Sale of Motor Vehicle
Net Depreciation on Tangible Fixed Assets owned by the charity||2023
£
11,519
-500|_2022_
_£_
_10,243_
_0_|
|||11,019|_10,243_|
During the year, no trustees received remuneration. (2022 - £0)
During the year, one trustee received a benefit in kind, being a retiring gift totalling £27. (2022 - £0) During the year, one trustee received reimbursement of motor expenses totalling £75. (2022 - £75) During the year, two members of staff received reimbursement of motor expenses totalling £266 (2022 - £40)
During the year, one volunteer received reimbursement of motor expenses totalling £1,138 (2022 - £836) During the year, staff members and trustees attended two meals, totalling £852 (2022 - £0)
|**10. STAFF COSTS**
Salaries
The average monthly number of employees, calculated as full-time
equivalents, during the year was as follows:
General Manager
Support Worker
Administration||2023
£|_2022_
_£_|
|---|---|---|---|
|||77,905|_71,836_|
|||1.0
1.8
0.2|_1.0_
_1.9_
_0.2_|
|||3.0|_3.1_|
No employee received remuneration amounting to more than £60,000 in either year.
16
## **THE HOUSE OF GENESIS**
## **(A company limited by guarantee and a registered charity)**
## NOTES TO THE FINANCIAL STATEMENTS
## FOR YEAR ENDED 31 JULY 2023
|**11. TANGIBLE FIXED ASSETS**
COST
At 1st August 2022
Additions
Disposals
At 31st July 2023
DEPRECIATION
At 1st August 2022
Charge for the year
Disposals
At 31st July 2023
NET BOOK VALUE
_At 1st August 2022_
At 31st July 2023||Land and
Buildings
£
588,393
0
0|Motor
Vehicles
£
2,995
2,500
-2,995|Furniture,
Fittings
and
Equipment
Total
£
£
5,262
596,650
2,883
5,383
0
-2,995|
|---|---|---|---|---|
|||588,393|2,500|8,145
599,038|
|||76,209
9,244
0|2,995
833
-2,995|5,262
84,466
1,442
11,519
0
-2,995|
|||85,453|833|6,704
92,990|
|||_512,184_|_0_|_0_
_512,184_|
||||||
|||502,940|1,667|1,441
506,048|
_During the year, a fully depreciated motor vehicle was disposed of resulting in a profit on sale of £500._
|**12. DEBTORS**
Trade Debtors||2023
£|_2022_
_£_|
|---|---|---|---|
|||7,636|8,786|
17
## **THE HOUSE OF GENESIS**
## **(A company limited by guarantee and a registered charity)**
## NOTES TO THE FINANCIAL STATEMENTS
FOR YEAR ENDED 31 JULY 2023
|**13. CREDITORS: Amounts Falling Due Within One Year**
Trade Creditors
Mortgage - St. Williams Way, Norwich
Business Loan
**14. LONG TERM LOANS**
Mortgage - St. Williams Way, Norwich
Business Loan||2023
£
5,675
2,102
7,416|_2022_
_£_
_6,253_
_2,910_
_7,142_|
|---|---|---|---|
|||15,193|_16,305_|
|||2023
£
88,150
29,137|_2022_
_£_
_99,599_
_36,603_|
|||117,287
136,202||
The bank loan is secured by a mortgage on the property.
|**15. STATEMENTS OF FUNDS**
SUMMARY OF FUNDS
**Year Ended 2023**
Unrestricted Funds
Restricted Funds
**Year Ended 2022**
Unrestricted Funds
Restricted Funds||Brought
Forward
£
452,083
7,292|Incoming
Resources
£
203,031
0|Resources
Expended
£
168,707
5,342|Transfers
£
1,000
-1,000|Carried
Forward
£
487,407
950|
|---|---|---|---|---|---|---|
|||459,375|203,031|174,049|0|488,357|
|||Brought
Forward
£
417,245
6,002|Incoming
Resources
£
205,246
1,000|Resources
Expended
£
169,408
710|Transfers
£
-1,000
1,000|Carried
Forward
£
452,083
7,292|
|||423,247|206,246|170,118|0|459,375|
18
## **THE HOUSE OF GENESIS**
## **(A company limited by guarantee and a registered charity)**
## NOTES TO THE FINANCIAL STATEMENTS
## FOR YEAR ENDED 31 JULY 2023
|**16. ANALYSIS OF NET ASSETS BETWEEN FUNDS**
Tangible Fixed Assets
Long Term Loans
Current Assets
Creditors Due Within One Year
Loans Due Within One Year
Debtors Due Within One Year||Restricted
Funds 2023
£
0
0
950
0
0
0|Unrestricted
Funds 2023
£
506,048
-117,287
106,203
-5,675
-9,518
7,636|Total
Funds
2023
_Total_
_Funds_
_2022_
£
_£_
506,048
_512,184_
-117,287
_-136,202_
107,153
_90,912_
-5,675
_-6,253_
-9,518
_-10,052_
7,636
_8,786_|
|---|---|---|---|---|
|||950|487,407|488,357
_459,375_|
|Tangible Fixed Assets
Long Term Loans
Current Assets
Creditors Due Within One Year
Loans Due Within One Year
Debtors Due Within One Year||Restricted
Funds 2022
£
0
0
7,292
0
0
0|Unrestricted
Funds 2022
£
512,184
-136,202
83,620
-6,253
-10,052
8,786|Total
Funds
2022
£
512,184
-136,202
90,912
-6,253
-10,052
8,786|
|---|---|---|---|---|
|||7,292|452,083|459,375|
## **17. CONTINGENT LIABILITIES**
There are no contingent liabilities that need noting.
19