REGISTERED COMPANY NUMBER: 04376323 (England and Wales) REGISTERED CHARITY NUMBER: 1098885
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
FOR
BEACHY HEAD CHAPLAINCY TEAM LTD (A COMPANY LIMITED BY GUARANTEE)
BEACHY HEAD CHAPLAINCY TEAM LTD
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Report of the Trustees | 2 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | to | 7 |
| Notes to the Financial Statements | 8 | to | 17 |
BEACHY HEAD CHAPLAINCY TEAM LTD
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2023
| TRUSTEES | Dr A Baldwin |
|---|---|
| Mr B W Elkington (resigned 22/1/2024) | |
| Mr D Wells | |
| Mr P C G Burley | |
| Canon J M Adams (resigned 26/10/2023) | |
| Miss J Williams | |
| Miss T Belsey | |
| Rev G M G Carpenter | |
| Mr A White (appointed 26/4/2024) | |
| REGISTERED OFFICE | Beachy Head Radio Mast |
| Beachy Head Road | |
| Beachy Head | |
| Eastbourne | |
| East Sussex | |
| BN20 7YA | |
| REGISTERED COMPANY | 04376323 (England and Wales) |
| NUMBER | |
| REGISTERED CHARITY | 1098885 |
| NUMBER | |
| INDEPENDENT EXAMINER | Acuity Professional Partnership LLP |
| Unit 2.02 High Weald House | |
| Glovers End | |
| Bexhill | |
| East Sussex | |
| TN39 5ES |
Page 1
BEACHY HEAD CHAPLAINCY TEAM LTD
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023
The Trustees present their annual report together with the financial statements of the Company for the 1 January 2023 to 31 December 2023. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
Objectives and activities
a. Policies and objectives
The aim of our charity is to help see the loss of life from suicide ended at Beachy Head.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
b. Strategies for achieving objectives
Under the Trustees is a team, headed by the CEO, of chaplains, both paid staff and volunteers. This team coordinates with the various other partner agencies to proactively engage with the public on the head.
c. Activities undertaken to achieve objectives
Patrolling by foot and vehicle; Identifying those who are suicidal or in crisis;
Negotiating with those that are suicidal or in crisis using our skills in crisis intervention;
Conducting searches for those deemed to be suicidal and at Beachy Head, as advised by the Police, the Public, the Beachy head Pub and through Social Media;
Working in partnership with other agencies to ensure the needs of those who are suicidal or in crisis are met.
d. Main activities undertaken to further the Company's purposes for the public benefit
The Beachy Head Chaplaincy Team (BHCT) is the search and rescue charity that seeks to save lives from suicide at Beachy Head. Our trained Chaplains are available every hour of the day, every day of the year, to reach out, offering support and hope to anyone who is suicidal or in distress. We believe that by receiving skilled support at the time of the crisis, those who are suicidal or in distress can be awakened to hope, that there are other ways forward to address the problems they face. we do not discriminate from our services by gender, disability, ethnicity or sexual orientation, believing that life is precious and everyone is of equal value before God.
Achievements and performance
a. Main achievements of the Company
During the year, we were involved with 1234 searches, and dealt directly with 527 suicidal people. N.B due to the nature and the regard of loved ones, we do not publish the total deaths that occurred during the year. Our patrols operated from 0900 to 2400 every day of the year.
Page 2
BEACHY HEAD CHAPLAINCY TEAM LTD
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
b. Reserves policy
The Trustees agreed that we should hold, in reserve, sufficient funds to cover nine months of staffing costs including a designated reserve to cover potential redundancy costs.
STRUCTURE, GOVERNANCE AND MANAGEMENT
a. Constitution
Beachy Head Chaplaincy Team Ltd is registered as a charitable company limited by guarantee and was set up by a Memorandum and Articles of Association (18.2.02).
b. Methods of appointment or election of Trustees
The management of the Company is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
Approved by order of the board of trustees on 30 July 2024 and signed on its behalf by:
....................................................................
Mr D Wells - Trustee
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BEACHY HEAD CHAPLAINCY TEAM LTD
Independent examiner's report to the Trustees of Beachy Head Chaplaincy Team Ltd ('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 Trustees of the Company (and 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 the Company's accounts 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:
-
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.
This report is made solely to the Company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Company and the Company's Trustees as a body, for my work or for this report.
Rachel Taylor FCA
Acuity Professional Partnership LLP Unit 2.02 High Weald House Glovers End Bexhill East Sussex TN39 5ES 23rd August 2024 Date: .............................................
Page 4
BEACHY HEAD CHAPLAINCY TEAM LTD
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 3 144,770 Charitable activities 5 Charitable activities 48,706 Investment income 4 217 Total 193,693 EXPENDITURE ON Raising funds 6 181 Charitable activities 7 Charitable activities 252,299 Total 252,480 NET INCOME/(EXPENDITURE) (58,787) Transfers between funds 17 8,703 Net movement in funds (50,084) RECONCILIATION OF FUNDS Total funds brought forward 174,012 TOTAL FUNDS CARRIED FORWARD 123,928 |
Restricted funds £ - - - - - 2,595 2,595 (2,595) (8,703) (11,298) 11,298 - |
2023 Total funds £ 144,770 48,706 217 193,693 181 254,894 255,075 (61,382) - (61,382) 185,310 123,928 |
2022 Total funds £ 151,330 78,292 427 230,049 336 234,310 234,646 (4,597) - (4,597) 189,907 185,310 |
|---|---|---|---|
The notes form part of these financial statements
Page 5
BEACHY HEAD CHAPLAINCY TEAM LTD
BALANCE SHEET 31 DECEMBER 2023
| Notes FIXED ASSETS Tangible assets 13 CURRENT ASSETS Debtors 14 Cash at bank CREDITORS Amounts falling due within one year 15 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 17 Unrestricted funds: General fund Designated fund Restricted funds: Restricted funds TOTAL FUNDS |
2023 £ 7,333 11,169 108,294 119,463 (2,868) 116,595 123,928 123,928 42,417 81,511 123,928 - 123,928 |
2022 £ 12,243 9,015 167,578 176,593 (3,526) 173,067 185,310 185,310 92,501 81,511 174,012 11,298 185,310 |
|---|---|---|
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 6
BEACHY HEAD CHAPLAINCY TEAM LTD
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 30 July 2024 and were signed on its behalf by:
............................................. Mr D Wells - Trustee
The notes form part of these financial statements
Page 7
BEACHY HEAD CHAPLAINCY TEAM LTD
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
1. GENERAL INFORMATION
Beachy Head Chaplaincy Team Limited is a charity (company number: 04376323) limited by guarantee, incorporated in England and Wales.
The charity's registered office is 1 Commercial Road, Eastbourne, England, BN21 3XQ
2. ACCOUNTING POLICIES
BASIS OF PREPARATION OF FINANCIAL STATEMENTS
The financial statements 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 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Beachy Head Chaplaincy Team Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
INCOME
All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Company has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Company, can be reliably measured.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
EXPENDITURE
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the assets use.
Expenditure on raising funds includes all expenditure incurred by the Company to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT
continued...
Page 8
BEACHY HEAD CHAPLAINCY TEAM LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
2. ACCOUNTING POLICIES - continued
TANGIBLE FIXED ASSETS
Tangible fixed assets costing £1,000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives.
Depreciation is provided on the following basis:
Motor vehicles 25% Reducing Balance Fixtures and fittings 33% Straight line method Office equipment 33% Straight line method
FUND ACCOUNTING
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
DEBTORS
Trade and other debtors are recognised at the settlement amount after any trade discount offered, Prepayments are valued at the amount prepaid net of any trade discounts due.
CASH AT BANK & HAND
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
INTEREST RECEIVABLE
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
LIABILTIES & PROVISIONS
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
continued...
Page 9
BEACHY HEAD CHAPLAINCY TEAM LTD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
2. ACCOUNTING POLICIES - continued
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
FINANCIAL INSTRUMENTS
The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
3. DONATIONS AND LEGACIES
| DONATIONS AND LEGACIES | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Donations | 144,770 | 151,330 |
Beachy Head Chaplaincy Team Limited benefited from the use of a building at the top of Beachy head which Sussex Police cover the cost of utilities which is estimated to be not more than £500 (2022 -£500).
4. INVESTMENT INCOME
5.
| INVESTMENT INCOME | |||
|---|---|---|---|
| 2023 | 2022 | ||
| £ | £ | ||
| Interest receivable - trading | 217 | 427 | |
| INCOME FROM CHARITABLE ACTIVITIES | |||
| 2023 | 2022 | ||
| Activity | £ | £ | |
| Grants | Charitable activities | 48,706 | 78,292 |
continued...
Page 10
BEACHY HEAD CHAPLAINCY TEAM LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
6. RAISING FUNDS
RAISING DONATIONS AND LEGACIES
| 2023 £ Advertising 181 7. CHARITABLE ACTIVITIES COSTS Direct Support Costs (see costs (see note 8) note 9) £ £ Charitable activities 210,773 44,121 8. DIRECT COSTS OF CHARITABLE ACTIVITIES 2023 £ Staff costs 171,566 Telephone 1,705 Staff training 864 Repairs and renewals 1,294 Hospitality and supplies 3,063 Protective clothing and equipment 2,632 Sundries 5,585 Motor running costs 14,900 Travel 1,538 Communications consultancy 2,962 Depreciation 3,978 Loss on disposal of assets 686 210,773 9. SUPPORT COSTS Governance Management costs £ £ Charitable activities 41,913 2,208 |
2022 £ 336 Totals £ 254,894 |
|---|---|
| 2022 £ 146,258 1,929 559 543 2,006 2,301 12,497 17,141 1,503 2,250 4,743 - |
|
| 191,730 | |
| Totals £ 44,121 |
continued...
Page 11
BEACHY HEAD CHAPLAINCY TEAM LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
9. SUPPORT COSTS - continued
Support costs, included in the above, are as follows:
MANAGEMENT
| MANAGEMENT | |||
|---|---|---|---|
| 2023 | 2022 | ||
| Charitable | Total | ||
| activities | activities | ||
| £ | £ | ||
| Staff costs | 26,342 | 24,637 | |
| Insurance & Licenses | 2,058 | 2,071 | |
| Computer expense | 6,391 | 3,447 | |
| Postage and stationery | 1,618 | 2,333 | |
| Office costs | 3,501 | 4,971 | |
| Legal and professional fees | 640 | 2,093 | |
| Subscriptions | 1,026 | 623 | |
| Bank Charges | 90 | 207 | |
| Depreciation | 247 | 974 | |
| 41,913 | 41,356 | ||
| GOVERNANCE COSTS | |||
| 2023 | 2022 | ||
| Charitable | Total | ||
| activities | activities | ||
| £ | £ | ||
| Governance costs | 2,208 | 1,224 | |
| 10. | NET INCOME/(EXPENDITURE) | ||
| Net income/(expenditure) is stated after charging/(crediting): | |||
| 2023 | 2022 | ||
| £ | £ | ||
| Accountancy fee | 2,208 | 1,224 | |
| Depreciation - owned assets | 4,224 | 5,717 | |
| Deficit on disposal of fixed assets | 686 | - |
continued...
Page 12
BEACHY HEAD CHAPLAINCY TEAM LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
11. 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.
12. STAFF COSTS
| STAFF COSTS | ||
|---|---|---|
| Wages and salaries Social security costs Other pension costs The average monthly number of employees during the year was as follows: Support Staff |
2023 £ 183,726 10,681 3,501 197,908 2023 8 |
2022 £ 153,520 14,540 2,835 |
| 170,895 | ||
| 2022 7 |
No employees received emoluments in excess of £60,000.
13. TANGIBLE FIXED ASSETS
| TANGIBLE FIXED ASSETS | ||
|---|---|---|
| Fixtures and fittings £ Cost At 1 January 2023 13,553 Disposals - At 31 December 2023 13,553 Depreciation At 1 January 2023 10,499 Charge for year 1,926 Eliminated on disposal - At 31 December 2023 12,425 Net book value At 31 December 2023 1,128 At 31 December 2022 3,054 |
Motor Computer vehicles equipment £ £ 48,480 1,327 (19,995) - 28,485 1,327 39,291 1,327 2,298 - (19,309) - 22,280 1,327 6,205 - 9,189 - |
Totals £ 63,360 (19,995) |
| 43,365 | ||
| 51,117 4,224 (19,309) |
||
| 36,032 | ||
| 7,333 | ||
| 12,243 |
continued...
Page 13
BEACHY HEAD CHAPLAINCY TEAM LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other debtors Prepayments CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Social security and other taxes Pension payable Other creditors Accrued expenses ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Restricted funds funds £ £ Fixed assets 7,333 - Current assets 119,463 - Current liabilities (2,868) - 123,928 - MOVEMENT IN FUNDS Net movement At 1.1.23 in funds £ £ Unrestricted funds General fund 92,501 (58,787) Designated fund 81,511 - 174,012 (58,787) Restricted funds Restricted funds 11,298 (2,595) TOTAL FUNDS 185,310 (61,382) |
2023 £ 10,322 847 11,169 2023 £ 4 644 - 2,220 2,868 2023 Total funds £ 7,333 119,463 (2,868) 123,928 Transfers between funds £ 8,703 - 8,703 (8,703) - |
2022 £ 8,180 835 9,015 2022 £ 4 565 845 2,112 3,526 2022 Total funds £ 12,243 176,593 (3,526) 185,310 At 31.12.23 £ 42,417 81,511 123,928 - 123,928 |
|---|---|---|
15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
16. ANALYSIS OF NET ASSETS BETWEEN FUNDS
17. MOVEMENT IN FUNDS
continued...
Page 14
BEACHY HEAD CHAPLAINCY TEAM LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
17. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Restricted funds TOTAL FUNDS |
Incoming resources £ 193,693 - 193,693 |
Resources Movement expended in funds £ £ (252,480) (58,787) (2,595) (2,595) (255,075) (61,382) |
|---|---|---|
Comparatives for movement in funds
| Net movement At 1.1.22 in funds £ £ Unrestricted funds General fund 176,624 (2,612) Designated fund - - 176,624 (2,612) Restricted funds Restricted funds 13,283 (1,985) TOTAL FUNDS 189,907 (4,597) Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 230,049 Restricted funds Restricted funds - TOTAL FUNDS 230,049 |
Transfers between At funds 31.12.22 £ £ (81,511) 92,501 81,511 81,511 - 174,012 - 11,298 - 185,310 Resources Movement expended in funds £ £ (232,661) (2,612) (1,985) (1,985) (234,646) (4,597) |
|---|---|
continued...
Page 15
BEACHY HEAD CHAPLAINCY TEAM LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
17. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Designated fund Restricted funds Restricted funds TOTAL FUNDS |
At 1.1.22 £ 176,624 - 176,624 13,283 189,907 |
Net movement in funds £ (61,399) - (61,399) (4,580) (65,979) |
Transfers between funds £ (72,808) 81,511 8,703 (8,703) - |
At 31.12.23 £ 42,417 81,511 |
|---|---|---|---|---|
| 123,928 - |
||||
| 123,928 |
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 Restricted funds TOTAL FUNDS |
Incoming resources £ 423,742 - 423,742 |
Resources Movement expended in funds £ £ (485,141) (61,399) (4,580) (4,580) (489,721) (65,979) |
|---|---|---|
TRANSFERS BETWEEN FUNDS
An amount of £8,703 was transferred to from restricted reserves to unrestricted reserves to account for restricted funds that have been spent on capital items.
An amount of £81,511 was transferred to a designated reserve in 2022 to cover any potential redundancy costs.
continued...
Page 16
BEACHY HEAD CHAPLAINCY TEAM LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
18. EMPLOYEE BENEFIT OBLIGATIONS
The group operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £651 (2022 - £565) were payable to the fund at the balance sheet date and are included in creditors.
19. RELATED PARTY DISCLOSURES
During the year, one Trustee was reimbursed £Nil (2022 - £Nil) for expenses incurred on behalf of the charity.
20. INDEPENDENT EXAMINER'S REMUNERATION
The independent examiner's remuneration amounts to an independent examiner fee of £2,220 (2022 -£2,112).
Page 17