| Page | |
|---|---|
| Administrative information | |
| Trustees' report | 1 |
| Statementoffinanc,a\ Activ\t\es | 2-3 |
| Sa\ancesheet | 5 |
| 'Notestothe Financial Statements (inclusive-ofdetai\ed lncome & Expenditure) |
6 7 - \12 |
| WORDFOUNTAINCHRISTIAN MINISTRIES | |||
|---|---|---|---|
| Profit andLosaAccount | |||
| forthe year ended31October 2023 | |||
| Note• | 2023 | 2022 | |
| £ | £ | ||
| lncol'nt(Tithes, Offering&donationa) | 89,488 | 78,968 | |
| Costof sales | (4,766) | ||
| Gron,profit | 84,722 | 78,968 | |
| Administrativeexpenses | 74,612 | 78760 | |
| Operatingprofit | 2 | 10,110 | 208 |
| 10,110 | 208 | ||
| Interest receivable | 225 | 26 | |
| Profitonordinary activities before taxation | 10,335 | 234 | |
| Taxonprofrtonordinary activities |
| WORD FOUNTAIN CHRISTIAN | MINISTRIES | MINISTRIES | |||
|---|---|---|---|---|---|
| Balance Sheet | |||||
| asat31October2023 | |||||
| Notes | 2023 | 2022 | |||
| £ | £ | £ | £ | ||
| Tanglblefl'ddasa•ta | 8,926 | 11,997 | |||
| 8,926 | 11,997 | ||||
| Curirent assets | |||||
| Debtors | 898 | 6,598 | |||
| Cash at bank andinhand | 158,959 | 139,853 | |||
| 159,857 | 146,451 | ||||
| CrecHt01'$:amountsfallingdue | |||||
| withinoneyear | 5 | 400 | 400 | ||
| Netcurrentassets | 159,457 | 146,051 | |||
| Total assetslesscurrentliabilities | 168,383 | 158,048 | |||
| Netassets | '168,383 | 158,048 | |||
| Unrestricted Funds | |||||
| RestrictedFunds | 5 | 92,755 | 92,904 | ||
| Unrestricted Funds | 5 | 75,628 | 65,144 | ||
| Restrictedand Unrestricted Funds c/fwd. | 168,383 | 158,048 |
| WORDFOUNTAINCHRISTIANMINIS | TRIES | ||||
|---|---|---|---|---|---|
| StatementofFinancialActivities | |||||
| for theyearended31October2023 | |||||
| 2023 | 2022 | ||||
| Total | Total | ||||
| Unrestricted | Restricted | Fund | Fund | ||
| lncomtResource• | Ngt11 | £: | £ | ' | ' |
| Tithes, offerings-andthanksgiving | 6.1 | 62,221 | 0 | 62,221 | 52,106 |
| BuildingFund | 773 | 773 | 6,226 | ||
| Grants&donations | 10,435 | 10,435 | 5,636 | ||
| Others Bank~nterest |
16,059 225 |
16,059 225 |
15,000 26 |
||
| TotalIncomeResources | 88,940 | 773 | 89?13 | 78z994 | |
| ResourcesExpended | |||||
| Support costsofactivitiesin | |||||
| furtherance of the charity's objects | 6.2 | 28,007 | 28,007 | 22,506 | |
| Management & Administration | |||||
| ofCharity | 6.3 | 50,449 | 922 | 51,371 | 56,254 |
| Total IncomeExpended | 78,456 | 922 | 79,378 | ||
| Net incoming/(outgoing) resources | 10,484 | (149) | 10,335 | 234 | |
| Net Movementsin Funds | 10,484 | (149) | 10,335 | 234 | |
| fundbalancesb/fwd | 65,144 | 92,904 | 158,048 | 157,814 |
| Tangible fixed.assets | ||||
|---|---|---|---|---|
| Computer,& | Musical | Furniture& | ||
| Cc>9t | equipment £ |
equipments £ |
fittings £ |
Total £ |
| At 1 November2022 .Additions |
1,192 0 |
26,783 | 19,325 | 47,300 |
| Ata1October2023 | 1,192 | 26,783 | - -- 19,325 |
47,300 |
| ,Depreclatlon | ||||
| At·1November2022 Charg,fortheyear At31Octobor2023 |
952 150 1,102 |
21,768 989 22,757 |
12,583 1,932 14,515 |
35,303 3,071 38,374 |
| Netbookvalue | ||||
| At31October2023 At31October2021 |
90 240 |
4,026 5,015 |
4,810 6,742 |
8,926 11,997 |
| 6 | DetaUMIIncomeandExpenditureAccount | ||||
|---|---|---|---|---|---|
| fortheyearended31October2023 | 2023 | 2022 | |||
| Unrestricted | Restricted | Totalfund | Totalfund | ||
| 6.1 | INCOMINGtt!$0URC-ES T,ithes,offering snd thanksgMng |
' 62,221 |
t 773 |
' 62,221 773 |
' 52,106 6,226 |
| 8ui1dmQ Gift~id Otherlnoome |
10,435 16,059 225 |
10,435 16,059 225 |
5,636 15,000 26 |
||
| Sank interest received tsOUJ1ncOmtn9R~rce• |
88,940 | 773 | 89,713 | 78,994 | |
| OllfCOINGRESOURCES | |||||
| '6..2 | Support,costsofactivitiesInfurtheranceof | ||||
| .. Charity,~jects: |
|||||
| Honorarium | |||||
| Donations&Welfare | |||||
| P.urdlases Ctidren,youth Harvest.Events |
4,766 7,574 5,706 |
4,766 7,574 5,706 |
5,266 9,505 |
||
| Printing,l)uSlage& stationery | 2,032 | 2,032 | 1,589 | ||
| Otherdirecteasts | |||||
| Charity& donations | 1,565 | 1,565 | 2,295 | ||
| EvaiagelicaJ/outreachmaterials | 4,732 | 4,732 | 602 | ||
| Books, DVDetc | |||||
| Members•welfareand training | 1,632 | 1,632 | 3,249 | ||
| 28,007 | 28,007 | 22,,506 | |||
| 6..3 | Maoagemant::and AdministrationofCharity: | ||||
| RentofChurch hall | 40,296 | 40,296 | 39,740 | ||
| Bankchaf'985 | 60 | 60 | |||
| Subscription&Dues | 1,326 | 1,326 | 1,263 |
||
| T-raining&seminar | 0 | 4,775 |
|||
| Insurance | 468 | 468 | 457 |
||
| Ught&heat | 2,555 | 2,555 | 5,634 |
||
| Repairs&maintenance | 922 | 922 | |||
| Sundryiexpttntet | 2,273 | 2,273 | 407 | ||
| Accountancyfees | 400 | 400 | 400 | ||
| Professionalandotherlegalfee6 | 0 | 419 | |||
| Depreciationcharge | 3,071 | 3,071 | 3,159 | ||
| 50!449 | 922 | 51,371 | 56,254 |
| WORDFOUNTAINCHRISTIANMINISTRIES | ||
|---|---|---|
| ScheduletotheProfitandLo••Account | ||
| fortheyearended31October2023 | ||
| fortheinformationofthed;rectors only | 2023 | 2022 |
| £ | £ | |
| tncom• | ||
| lithes, offerings & thanksgiving | 89.488 | 78,968 |
| 1ncome(Tithes, Offering & donations) | 89,488 | 78,968 |
| Costofsates | ||
| Purchases | ||
| 4 766 | ||
| Administrativeexpenses | ||
| Employee costs: | ||
| Training | 4,775 | |
| Members' welfare Charity donation & gift |
1,632 1,565 |
3,249 2,295 |
| Premises costs: | 3,197 | 10,319 |
| Rent Light & Heating |
40,296 2,555 |
39,740 5,634 |
| General administrative expenses: | 42,851 | 45,374 |
| Harvest, Events Stationery and printing Books and other recording materials |
5,706 2,032 |
9,505 1,589 |
| Evangelical materials & Christian Literatures Bank charges Children ,youths Subscription & Dues Repairs&...maintenance Depreciation Insurance Sundry expenses |
4,732 60 7,574 1,326 922 3,071 468 2,273 |
602 5,266 1,263 3,159 457 407 |
| Legal and professional costs: | 28,164 | 22,248 |
| Accountancy fees Other legal and professional |
400 | 400 |
| 419 | ||
| 400 | 819 |