# **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 2024**
**…………………………………………………………………………………………………………………………………………………**
1
## **CONTENTS**
Page Number Reference and administrative details of the charity, its trustees and advisers 3 Trustees’ Report 4-7 Independent Examiner’s Report 8 Statement of Financial Activities 9 Balance Sheet 10 Notes to the Financial Statements 11-18
2
## **ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS August 2023 – July 2024**
Directors/Trustees: A. Lusher (Chair) M. J. Graham Dr. S. Taplin M. Cary P. Holmes 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 2024**
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 2024.
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 five properties, during this year: 6 Laundry Close, 3 St Williams Way, 52 Newbegin Road and 8 Prior Road, all of which are on the east side of Norwich. The property at 82 St James Close was handed back to the landlord in April 2024.The properties at Laundry Close and St Williams Way are owned by the charity, with HSBC mortgages, Newbegin Road is rented from Norwich City Council under the private sector leasing scheme and Prior Road is rented privately.
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**
The work of the charity is now based within four houses where new and existing residents are welcomed and offered support, care, guidance and supervision. The Charity can now accommodate and support up to 15 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 donations, grants, fees and Housing Benefits. 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 two Chaplains, who make their services available to all residents each week.
## **ACHIEVEMENTS AND PERFORMANCE**
## **a. REVIEW OF ACTIVITIES**
The House of Genesis has continued to operate in a positive and stable manner. 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 15 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 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.
- In February 2024 an Assured Shorthold Tenancy Agreement was made for the Charity to use a property at 8 Prior Road to accommodate an additional 2 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
5
- **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. On-call support is normally available at all other times.
- Two volunteer chaplains offer their services regularly to all residents, which is very much appreciated by some. Currently 6 of the residents regularly attend the local “Soul” church for services or various activities.
- 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.
-
## **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 ensured all recommendations have been completed
- 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.
## **b. FUNDRAISING**
The charity is sustainably funded. Fundraising is actively pursued for major items outside of normal running costs.
## **c. RESERVES POLICY**
The trustees have agreed a formula to calculate a minimum level of unrestricted reserves which the Charity to aim to hold. At September the figure calculated was £54,721, which is held in full 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.
## **d. SERIOUS INCIDENT**
There have been no serious incidents during the year reported to the Charity Commission.
## **e. SIGNIFICANT EVENTS SINCE THE YEAR END**
There have been no significant events since the year end.
6
## **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: 24 November 2024
7
Rewt to the Tnstees of The House ot Gerbesls
(A company Ilmlted by warantee and a resbtered charlty)
Charlty number 1095284 Company number 0447%36
On accounts ftKthe year ended 31 Juty 2024
I report to the trustees on my examinatlon of the accounts of the above charity
for the year ended 31 July 2024
Responsibilftles and basls of report
As the charity trustees. you are responsible for the preparation of the accounts
n accordance with the requirements of the Charities Act 2011 ("the Acf), you
consider an audit is not required under sertion 144 of the Act and that an
Independent examination is needed.
I report in respect of my examination of the Charitvs accounts carried out under
section 145 of the 2011 Act and in carryin8 Out my examination, I have followed
the applicable Directions 8iven by the Charity Commission under section
14515){b) of the Act.
Independ•nt Examonerfs statement
My examination was carried out in accordance with general directions given by
the Charity Commission. The report is limited to the matters set out in the
statement below.
I have completed my examlnation. I confirm that no material matters have
come to my attention in connection with the examination which gives me cause
to believe that In. any material respert:
Accountin8 records were not kept in accordance with section 130 of the
Act or
The accounts do not accord with the accounting records
I have no concerns and have come acros5 no other rnatter5 in connection with
the examination to which attention should be drawn in order to enable a proper
understanding of the accounts to be reached.
Andrew Rose
17 March 2025
9 Turner aose
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 2024
|_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 2023_
_TOTAL FUNDS AT 31st JULY 2024_|_Restricted_
_Funds 2024_
_Unrestricted_
_Funds 2024_
_£_
_£_
_0_
_206,870_
_0_
_1,761_
_0_
_16,077_|_Total_
_Funds_
_2024_
_£_
_206,870_
_1,761_
_16,077_|_Total_
_Funds_
_2023_
_£_
_186,918_
_650_
_15,463_|
|---|---|---|---|
||_0_
_224,708_|_224,708_|_203,031_|
||_310_
_188,897_
_0_
_725_|_189,207_
_725_|_173,254_
_795_|
||_310_
_189,622_|_189,932_|_174,049_|
||_-310_
_35,086_
_0_
_0_|_34,776_
_0_|_28,982_
_0_|
||_-310_
_35,086_
_950_
_487,407_|_34,776_
_488,357_|_28,982_
_459,375_|
||_640_
_522,493_|_523,133_|_488,357_|
_The notes on pages 11 to 18 form part of these financial statements._
9
## **THE HOUSE OF GENESIS (A company limited by guarantee and a registered charity)**
## **BALANCE SHEET AS AT 31st JULY 2024**
|_Note_
_FIXED ASSETS_
_Tangible Fixed Assets_
_11_
_CURRENT ASSETS_
_Cash at Bank and in Hand_
_DEBTORS_
_Amounts Falling Payable Within One Year_
_12_
_CREDITORS_
_Amounts Falling Due Within One Year_
_13_
_LOANS_
_Amounts Falling Due Within One Year_
_13_
_NET CURRENT ASSETS_
_TOTAL ASSETS LESS CURRENT ASSETS_
_LONG TERM LOANS_
_14_
_CHARITY FUNDS_
_15_
_Unrestricted Funds_
_Restricted Funds_|_2024_
_£_
_138,294_
_15,620_
_-16,877_
_-9,931_|_£_
_494,530_
_127,106_|_2023_
_£_
_107,153_
_7,636_
_-5,675_
_-9,518_|_£_
_506,048_
_99,596_|
|---|---|---|---|---|
||||||
|||_621,636_
_-98,503_||_605,644_
_-117,287_|
|||_523,133_||_488,357_|
|||_522,493_
_640_||_487,407_
_950_|
|||_523,133_||_488,357_|
_For the year ended 31st July 2024, 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 01 March 2025 and signed on their behalf by:_
## Alan Lusher
_Alan Lusher_
_The notes on pages 11 to 18 form part of these financial statements._
10
## **THE HOUSE OF GENESIS**
## **(A company limited by guarantee and a registered charity)**
NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 31 JULY 2024
|**1. VOLUNTARY INCOME**
Donations
Grants
Donations
Grants
**2. INVESTMENT INCOME**
Interest Income||Restricted
Funds 2024
£
0
0||Unrestricted
Funds 2024
£
2,859
204,011||Total Funds
2024
£
2,859
204,011|Total Funds
2024
£
2,859
204,011||_Total_
_Funds_
_2023_
_£_
_13,208_
_173,710_|
|---|---|---|---|---|---|---|---|---|---|
|||||||||||
|||0||206,870|||206,870||_186,918_|
|||Restricted
Funds 2023
£
0
0||Unrestricted
Funds 2023
£
13,208
173,710||Total Funds
2023
£
13,208
173,710|||_Total_
_Funds_
_2023_
_£_|
|||||||||||
|||0||186,918|||186,918|||
|||Restricted
Funds 2024
£||Unrestricted
Funds 2024
£||Total Funds
2024
£||||
|||||||||||
|||0||1,761|||1,761||_650_|
Interest Income
||Restricted
Funds 2023
£|Unrestricted
Funds 2023
£|Total Funds
2023
£|Total Funds
2023
£|
|---|---|---|---|---|
||||||
||0|650||650|
11
## **THE HOUSE OF GENESIS**
## **(A company limited by guarantee and a registered charity)**
NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 31 JULY 2024
|**3. INCOMING RESOURCES FROM CHARITABLE**
**ACTIVITIES**
Rental Income
Rental Income
**4. DIRECT COSTS**
Rent/Mortgage
Council Tax
Insurance
Utilities
Property Costs and Small Equipment
Household
Salaries||Restricted
Funds 2024
£||Unrestricted
Funds 2024
£||Total Funds
2024
£|Total Funds
2024
£||_Total_
_Funds_
_2023_
_£_|
|---|---|---|---|---|---|---|---|---|---|
|||||||||||
|||0||16,077|||16,077||_15,463_|
|||Restricted
Funds 2023
£||Unrestricted
Funds 2023
£||Total Funds
2023
£|||_Total_
_Costs_
_2023_
_£_
_24,570_
_4,558_
_3,089_
_17,282_
_21,747_
_4,119_
_35,836_|
|||||||||||
|||0||15,463|||15,463|||
|||Restricted
Costs 2024
£
0
0
0
0
0
12
0||Unrestricted
Costs 2024
£
27,628
4,235
2,002
30,029
14,638
6,511
41,722||Total Costs
2024
£
27,628
4,235
2,002
30,029
14,638
6,523
41,722||||
|||||||||||
|||12||126,765|||126,777||_111,201_|
12
## **THE HOUSE OF GENESIS**
## **(A company limited by guarantee and a registered charity)**
NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 31 JULY 2024
|Rent/Mortgage
Council Tax
Insurance
Utilities
Property Costs and Small Equipment
Household
Salaries||Restricted
Costs 2023
£
0
0
0
0
5,292
0
0|Unrestricted
Costs 2023
£
24,570
4,558
3,089
17,282
16,455
4,119
35,836|Total Costs
2023
£
24,570
4,558
3,089
17,282
21,747
4,119
35,836|Total Costs
2023
£
24,570
4,558
3,089
17,282
21,747
4,119
35,836|
|---|---|---|---|---|---|
|||||||
|||5,292|105,909||111,201|
|**5. SUPPORT COSTS**
Motor Vehicle Costs
Office Costs
Other Costs
Salaries
Staff Other Costs
Staff Training Costs
Depreciation||Restricted
Costs 2024
£
56
0
242
0
0
0
0|Unrestricted
Costs 2024
£
3,851
1,013
1,644
43,424
667
15
11,518|Total Costs
2024
£
3,907
1,013
1,886
43,424
667
15
11,518|Total Costs
2024
£
3,907
1,013
1,886
43,424
667
15
11,518|_Total_
_Costs_
_2023_
_£_
_3,943_
_1,251_
_1,874_
_42,069_
_803_
_1,094_
_11,019_|
|---|---|---|---|---|---|---|
||||||||
|||298|62,132||62,430|62,053|
13
## **THE HOUSE OF GENESIS**
## **(A company limited by guarantee and a registered charity)**
NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 31 JULY 2024
|Motor Vehicle Costs
Office Costs
Other Costs
Salaries
Staff Other Costs
Staff Training Costs
Depreciation
**6. GOVERNANCE COSTS**
Legal and Professional
Legal and Professional||Restricted
Costs 2023
£
0
0
50
0
0
0
0||Unrestricted
Costs 2023
£
3,943
1,251
1,824
42,069
803
1,094
11,019||Total Costs
2023
£
3,943
1,251
1,874
42,069
803
1,094
11,019|Total Costs
2023
£
3,943
1,251
1,874
42,069
803
1,094
11,019||_Total_
_Costs_
_2023_
_£_|
|---|---|---|---|---|---|---|---|---|---|
|||||||||||
|||50||62,003|||62,053|||
|||Restricted
Costs 2024
£||Unrestricted
Costs 2024
£||Total Costs
2024
£||||
|||||||||||
|||0||725|||725||_795_|
|||Restricted
Costs 2023
£||Unrestricted
Costs 2023
£||Total Costs
2023
£||||
|||||||||||
|||0||795|||795|||
## **7. ANALYSIS OF RESOURCES EXPENDED BY EXPENDITURE TYPE**
|General Activities
Governance||Staff
Costs
2024
£
85,146
0|Depreciation
2024
£
11,518
0|Depreciation
2024
£
11,518
0|Other Costs
2024
£
92,543
725|Other Costs
2024
£
92,543
725|Total Costs
2024
£
189,207
725|Total Costs
2024
£
189,207
725|_Total_
_Costs_
_2023_
_£_
_173,254_
_795_|
|---|---|---|---|---|---|---|---|---|---|
|||||||||||
|||85,146||11,518||93,268||189,932|_174,049_|
14
## **THE HOUSE OF GENESIS**
## **(A company limited by guarantee and a registered charity)**
## NOTES TO THE FINANCIAL STATEMENTS
FOR YEAR ENDED 31 JULY 2024
## **8. ANALYSIS OF RESOURCES EXPENDED BY ACTIVITIES**
|Direct Costs
2024
£
General Activities
126,777
**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||Direct Costs
2024
£
126,777||Support
Costs 2024
£
62,430||Total Costs
2024
£
189,207|Total Costs
2024
£
189,207||_Total_
_Costs_
_2023_
_£_
_173,254_|
|---|---|---|---|---|---|---|---|---|---|
|||||||||||
||||||||2024
£
11,518
0||_2023_
_£_
_11,519_
_-500_|
||||||||11,518||_11,019_|
During the year, no trustees received remuneration. (2023 - £0)
During the year, one trustee received a benefit in kind, being a retiring gift totalling £0. (2023 - £27) During the year, one trustee received reimbursement of motor expenses totalling £85. (2023 - £75) During the year, three members of staff received reimbursement of motor expenses totalling £523. (2023 - £266)
During the year, one volunteer received reimbursement of motor expenses totalling £1,044. (2023 - £1,138) During the year, staff members and trustees attended two meals, totalling £563. (2023 - £852)
|**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||2024
£||_2023_
_£_|
|---|---|---|---|---|
|||85,146||_77,905_|
|||1.0
1.9
0.1||_1.0_
_1.8_
_0.2_|
|||3.0||_3.0_|
No employee received remuneration amounting to more than £60,000 in either year.
15
## **THE HOUSE OF GENESIS**
## **(A company limited by guarantee and a registered charity)**
## NOTES TO THE FINANCIAL STATEMENTS
FOR YEAR ENDED 31 JULY 2024
|**11. TANGIBLE FIXED ASSETS**
COST
At 1st August 2023
Additions
Disposals
At 31st July 2024
DEPRECIATION
At 1st August 2023
Charge for the year
Disposals
At 31st July 2024
NET BOOK VALUE
_At 1st August 2023_
At 31st July 2024
**12. DEBTORS**
Trade Debtors||Land and
Buildings
£
588,393
0
0||Motor
Vehicles
£
2,500
0
0||Furniture,
Fittings and
Equipment
£
8,145
0
0|Furniture,
Fittings and
Equipment
£
8,145
0
0||Total
£
599,038
0
0|
|---|---|---|---|---|---|---|---|---|---|
|||||||||||
|||588,393||2,500|||8,145||599,038|
|||85,453
9,244
0||833
833
0|||6,704
1,441
0||92,990
11,518
0|
|||94,697||1,666|||8,145||104,508|
|||_502,940_||_1,667_|||_1,441_||_506,048_|
|||||||||||
|||493,696||834|||0||494,530|
||||||||2024
£||_2023_
_£_|
||||||||15,620||7,636|
16
## **THE HOUSE OF GENESIS**
## **(A company limited by guarantee and a registered charity)**
NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 31 JULY 2024
|**13. CREDITORS: Amounts Falling Due Within One Year**
Trade Creditors
Residents' Savings
Mortgage - St. Williams Way, Norwich
Business Loan||2024
£
7,006
9,871
2,232
7,699|_2023_
_£_
_5,675_
_0_
_2,102_
_7,416_|
|---|---|---|---|
|||26,808|_15,193_|
## **14. LONG TERM LOANS**
Mortgage - St. Williams Way, Norwich Business Loan
||2024
£
77,108
21,395|_2023_
_£_
_88,150_
_29,137_|
|---|---|---|
||98,503|117,287|
The bank loan is secured by a mortgage on the property.
|**15. STATEMENTS OF FUNDS**
SUMMARY OF FUNDS
**Year Ended 2024**
Unrestricted Funds
Restricted Funds||Brought
Forward
£
487,407
950|Incoming
Resources
£
224,708
0|Resources
Expended
£
189,622
310|Transfers
£
0
0|Carried
Forward
£
522,493
640|
|---|---|---|---|---|---|---|
|||488,357|224,708|189,932|0|523,133|
|**Year Ended 2023**
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|
17
## **THE HOUSE OF GENESIS**
## **(A company limited by guarantee and a registered charity)**
## NOTES TO THE FINANCIAL STATEMENTS
FOR YEAR ENDED 31 JULY 2024
|**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 2024
£
0
0
640
0
0
0|Unrestricted
Funds 2024
£
494,530
-98,503
137,654
-16,877
-9,931
15,620|Total Funds
2024
_Total_
_Funds_
_2023_
£
_£_
494,530
_506,048_
-98,503
_-117,287_
138,294
_107,153_
-16,877
_-5,675_
-9,931
_-9,518_
15,620
_7,636_|Total Funds
2024
_Total_
_Funds_
_2023_
£
_£_
494,530
_506,048_
-98,503
_-117,287_
138,294
_107,153_
-16,877
_-5,675_
-9,931
_-9,518_
15,620
_7,636_|
|---|---|---|---|---|---|
|||||||
|||640|522,493||523,133
_488,357_|
|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
£
506,048
-117,287
107,153
-5,675
-9,518
7,636|
|---|---|---|---|---|
|||950|487,407|488,357|
## **17. CONTINGENT LIABILITIES**
There are no contingent liabilities that need noting.
18