REGISTERED CO3IPANY NU.MBER: 05285840 (England and Ivales) REGISTERLD CIIARITY UmBER. 1107662 Report of the Trustees And Unaudited Financial Statements for the Year Ended 3 1st December 2023 lor Foundation Marters Shecn Stickland C"hartLicd ALLoiintants 7 Easi Pallaiil ChichL51Lr W¢si Siisstx P019 ITR
FouDdxtion Trlatters Contents of the FinanciAI St8tement5 for the Yt&r Ended 31st December 2023 P¥g¢ Report of the Trustees IDdepelldeDt Exminer'$ Report Statement of Finan¢il A¢tivitie5 Balance Sheet C8sh Flow StatemeTht Notos to the Cash Flow Statement 10 Notes to tht Fin#neial Statement$ 11 17 Detailed St¥tement of Financial Activities IX tv 19
Found*llon Matters Report ofthe Trust¢e5 for the Year Ended Jlst December 2023 The Iiusiccs who are also directors of the ¢haTily for thc PUTPWS of th¢ Cottwani¢s Aci 20(k6, Plet th¢ir ILpori with the financial statements of the charity for the }'¢ar end¢d 3 1st December 2023. The In1¢¢$ have adopted the piovisions of Accounting aE)d Rcporting by Charilies". Staicmeni ol RecOmnrtdeO Prn¢liLe applicable to charitics pr¢pdiin8 th¢ir ac¢ouiiLs in accoTdan¢¢ with the Financial ReTK)rfing Sthndard applicable in th UK atMI Republic of Ireland IFRS 11)2} (cffc¢iivc l January 20191. OPJFCTIVES AND ACTIVITIES ObjectiTres and aims The objc¢tivo% of thc Charity arc to advancc the Christian faith in accoidancc with IL% slatcment of bcliefs, advance cducation in accordance TrIh Christian principles and io r¢licve wsons who at¢ in conditions of or hardship. or who arc agcd or sick. Thc Ch<irity as dclailed in ils obj¢¢tives and aiFrnS scck5 thc advancctncnt of rcligion and also 15 involved in the cducalion of childrcn and yoiin8 people thiough its involvcm¢nl Èn schools and youth work. 'I"hc Charity sccks lo advanc¢ ihc Christian faith aTMI in accordance with ihal faith th¢TC arc no rcstritliong on its WOTk i t¢ims of sect015 of the public or location. In thc longcr term ihrough thc Camp training ¢cntrc pcoplc will con)c into conlact with teaehithg uf ChiL51ian principlcs. DLiring 2023 Ilie aims a1 objc¢livcs of thc ¥harity coiilinucd to movc forwaid. Public benefit Thc Trustees Lonfiim thai ihe&' have paid duc r¢gJrd io Part I ScLiion 4 of Ilic Chariiics A¢1 2011 and tlie Charity Con)niission's giiidancc on publiL bencfil in dcLiding ivhai aciiviii¢s ilw Clwily shoiild iindcrtake. lil Iheir capaiily as Iriisiecs. Ihe Triis¢ces cL)nfirm rhai rhey arc of the opinion that all Ilic putposcb of ilic c111ty aic for (lic bciicfil 4)r thc piiblic and that thcy havc Coniplicd wilh thcir duucs in thai rcgard.
Foundation Matters
Report of the Trustees
for the Ye*r Ended Jl$t D¢cemb¢r 2023
ACHIEVEMENT APID PERFORMANCE
ChAriiable aetlvltles
DLiring 2023 Ihc trustcts reportLxI that the ain8 and objeciives of ihc charity fulfilled.
Over thc past iwclvc months. many onc-off cvcnts hav¢ bccn hcld at ihc Pitle Lake rcsid¢ntial LcntTC, Monihly men's
brcakfasis have been well altcnded with around 30-50 att¢nding. tAdics' break(asts also hav¢ bccn well aiicnded.
EvLning'Jiist Looking, gTOUPS havc also tskcn pl3cc for adults who are int¢rcsted in Ihe Christian faiih. A few Lhurches
book¢d 50m¢ 'Chiiich Day5 Out, along with Christ¥nas meals in the fesiive period. Willi nine schth)I rL'sidential Camps
and twclve holiday camps. th¢ t¢am have bcen kcpt busy.
In JaTrLiary. we mct up wi¢h UkTainians in Dcimold. Gcrniany lo translate the Life of Jesus Biblc Exhibition into
Ukrainian. Wc wcre able to take thr¢L' cxhibiiiong 10 Ukraine in carly FebruaTr whctc WC Itaincd (hrcc tcanL% who wcie
going to diftcrcnt arca5 of Ukraine to tcach children. Somc of thcsc cxhibitions wcrc uscd on the froni line in the east.
AnoihLf leam wos working with rcfugccs. We haN'e had rcgular rcwrts of how thcy arc bcing cd and can rqmirl ihai
children have bccn hclpcd during this difficult rim¢ of ivar. On our rctum. we had dnoihcr TCqUCSt IOT tivo moic
cxhjbitions foi ¢hose who ivcrc wotking in thc Kharkiv arca. In March wc wrrc ablc lo make anoihcr visit into Ukrainc
and provid¢ a furth¢r two cxhibilions aThl a training SC55ion. Wc havc had furthcr rcquosts from othcr countries which wc
hvpc lo help in 2(Tr24.
Our Ama7.ing Acts Bible Exhibition went lo N.. IrclatKi in January followed by th¢ Lifc of Jcsus F.xhibition in Siaplcford,
NL¥¢liDgliain. Another visii io Mark¢i Ovcrloii and tlien two weeks in L£iccsl¢i b¢forc thc caster holidays. We have Iiad
further requesls fiorn othei counlries.
The work in ihe local ¢liiLfLh ai Stenson Ficlds Christian Felloship conliiiucs weekly with assemblics aiid a Bible club
in schools. vluUS RE Icssuns are also reques.d by slhool stslT. A l()cal hatN'est as5cmbly, Ivhich has b¢¢n going
sinL¢ 11)89, was taken for all ihc childrcn in the school and ¢hcir parents and tea¢li¢rs The Chii5tTnas a5scinblics werc
once again vcrs. much apprcciaicd by all ihc sch(K)Is in D¢rby in W105c. Btadford.
Thc ncw 'Just Lwking, Tl¢s for yoiing pwplc and adults has been ItialLal and iesi¢d and mole invLsimei)¢ has bL'ci)
made in the scries. A five-day filming ¢rip to Isrncl IL) take footage for Yarivus Icssoi)s was cninplctid in MdiLli ld
various vidc05 hav¢ b¥¢n produced to go inlu thi5 sludy package which wc h¢ io havc available by ihe end of 2024.
Tlic Sic IcgLllc rding ¢omiTiiec mct and reYicivLd rhc policics and th¢ training givcn 10 all thosc who arL a PaTt orth¢ teatn
¢ith¢r as fiill-tim¢ slaff or voliinlccrs. Othcr mcctings havc lakcn pla¢¢ 10 ¢h¢¢k cvcrytliiiig is in ordcT.
Wc ivcrc ablc lo finish thc thrcc-bcdroom staff a¢comnK)dation building which ha5 been of grcai help to onc of our
fiill-lime faniilics. l-hcrc is still a n¢cd for fatnilies who arc li&'bng ottsiie. w'hkch is cxpcnsivc. to Inovc onto 511C.
FINANCIAL REI'IEIV
Financial position
Toial iliCL)Ine for Ihe year aniountcd 10 £576,022 LOll)parcd wiih L311.189 (or the pr¢vious yeai. Total cxpcnditure w'¢lS
£266.424 compaied with £246.R13 lor ilic previous y¢ar.
The Cli
Foundation latterS
Report of the Trustee5
for the Year Ended 31st Defember 2023
FUTURE PLANS
111 2024, thc Icdm Ivok fvrward 10 running events ai Pl Lake. We ar¢ plcascd ihat our spaces foi 5¢hool camps arc all
flllly book¢d from Easter lo the Siltnmei.
Thc Spoils H911 will be a projeci ihat iv¢ wdni to sec t)VIng forward towvrds cotwlelion as w¢ r¢ceivc thc Tight hclp
and advicc.
Wc kn&vc.%c£n thc team cxpand with an expcriciiced ouidoor aLiiviiies crdinal0[ ji)ining tlje teani oli a volunlccr basis.
Wc mist that w¥ will sec othcrfs join thc Ic
Fourtd*tion M•tt¢ Rep)rt of the TruJtec5 ftrr the Ye¥JT 31it Iktember 2023 REFERENCE AND ADMINISTRATIVE DF.TAItS Independel EXaMtr Paiil Wright I,"CA DA She¢ii Stickland Chartcicd AG¢ounlaNts 7 fasl Palltsnt Chichester West Sussex P019 ITR This fqM>lt has b1 prcpar¢d in accoldall with ihc s11 provisio of Part 15 of tkn Companie5 A¢¢ 2006 Tclating to 8miL11 companics. Approved by order of the Iard of tsitstee5 011.. Mr J FIiidson- S¢¢rct
Independenl Ex#miner's Report to the Trustees of Found4tion Matters Wdependent txamitser's report to the trllsttts of Follndalion Matters I'lhe C(brnpanv') rcpori to thc charity (tus on my cxaininauon of the accounts of th¢ Company foi the y¢ar cnded 3 1st Deeen)bcr 2023. Respon5ibilitie5 and bas15 of report As the charity'8 tru5tccs olthL Company land dso irs directors foi the purpo8 of company lawl you are r¢sponsiblc foi the preira[lon of th¢ accounts in accoidance with the requirements of th¢ Cotnpanies Act 20061'the 2006 Act'}. Having otisficd myself that thc accounts of the Company ate llot required 10 be auditcd under Part 16 of Il)c 2006 Act and arc cligiblc fiTrr indcpcnderti cxaminaiion, I r¢pon in r¢spcct of my eX<imination of YLIUT chaTily'$ 3¢¢(iunls as carried oui IindLr Scbtion 145 of thc Chatitics ALI 2011 {'Ihe 2Ql l A¢t'l. ID carrying out niy examination I havc followed thc Dircctions givert by thc c.harity Conunission undcr Section 145{5) Ib) of the 2011 Aci. Independent examiner's statement Sinec yoiir Charity's gross income excecdcd £250,1)¢)Q )'our cxaniincr must bc a MCner of a listed i¥)dy. l Lan ¥onfirtn tlknil l <im qurfililicd ¢0 IlDd¢riakc the Cxamination bcc14U5C l am a mcmbcr of thc Insiilulc of Charter1 AcLuunianis i Englatid and Walcs. Ivhieh Is onc of th¢ lisi¢d bodics. I liavc completcd my ¢xatniiialion. I confltm thai maitcrs have coft to my aiicntion in ¢onneciion willi th ¢XaiiijJtl0n giving me caus¢ to bcli¢vc'. accounting rL¢ords wcre not kcpl in rcspeci of Ihe Conipany as rcquiTcd by Sectioii 386 of thc 2006 Aci- or the atLoiinis do nol aL¢ord with those rccords., or rlie accouiits do not comply willi the accounting requiTeTncnts of Se(tiotJ 396 of thc 2006 Aci othcr than any requiremeni thal th¢ aLLiTrunls gi%'e a ¢ruc and fail viciv whicli is nol a mciiicr coiisidcrcd as parl olan indcpcndciit eX¢lTninlc lion. or Ihc accoiinis hai'¢ becn prlpared in a¢cordaiicL iviih thc mcihods and principlc5 of Ilie SiatcnnI of ReL0m[nded Pra¢tiec for aLxoiintingi and rctK)ning by Chariii lappliLablc 10 cljarilies pi'cpariiig IhciT accoiinls in aceoi"dancc ivi¢h thc Financial R¢porting Standaid applicable in tlie UK and Rcpublic of [r¢laj {FRS 1021). hllvc t]0 conLcms ¢ind havc comc across no oihLr Matr$ in coniicciion willi Ihc Lxainination to ,1}iC]i atlciition shoiild bc dr£2ivn in thi5 rcport in ordcr 10 cnable a pmpcr undcrsianding of Ihc accolts to be tcaLhcd. Paul Wriglii FCA DChA Shcen Stilklaiid C'hlL rlLied AcLouniants 7 F4lSI Pallani C'hiLhe%tcr WeRI Siisscx P019 ITR tlatc.. )I Pa¥ic 5
Foundtion Mtters Statement of Financial Activiti¢S {Incorpor4ting an In¢onbe nd Expenditure A¢¢ollnt) for the Year Ended 315t DeCeber 21123 2023 Toial fund5 2022 Total fllThds UntCSiriLtrd lut Restricted funds Noies INCOME AND ENDOWMETrtrs FROM Donaliun5 aiid IL¥aLics 207289 292.897 500.186 240,913 Charitable &ctivities Evciiigclisi activilies Camp and trdining 1.899 62.807 1,899 62,807 2.259 59,200 oihcr in)rne 8,817 Total 283.026 292,996 576.022 311,189 EXPENDII'URE O ChArit2ble llclivities Evaii8elJs1 aclivitlC5 CaTtip and Ir8ining 116.040 73.070 77.314 193,354 73,Q7Q 159,818 8(),995 TotAI 189,110 77,314 266,424 246,813 NET INCOlE 93.916 215.682 31)9.598 64.376 RF.CONC.11,IATI(IN ()F FufDS Ti71411 fiind.g bioilght forward 2(rf).901 3,322,918 3.583,819 -1.519,443 TOTAL FUNDS CAIiRILD FORWARD 354.817 3.538,()IK) 3,89_1.417 3,583,819 ThL ilLIIL% lorni P*ltl (It-llSi tinai)cial S1411LnKnts
Founda¢ion Matters Balance Sheet 31st Deeember 2023 2023 Totsl fund5 2022 Total fiuxls Unrestricted RIViCted funds Notes FIXF.D ASSETS Tangiblc asscts 257.770 3.711.520 3.969.291 3,753,314 CURRENT ASSETS Debtors c.ash at bank and in hand io 44.921 139.330 9.363 54.284 139.330 37,763 122,957 184.251 9,36J 193.614 16n.720 CREDITORS Amoui)Is talling duc within OT)c yeai 187.204} 1182.283} {269.487) (330,2151 NETCURRENT ASSETS 97.047 1172.9201 (75.873) 1169,4951 TOTAL ASSETS LESS CLRREYT LIABILITIES 354.817 3.538,6(Kl 3.S93,417 3,583.819 NET ASSETS 354.817 1.538,6(M) 3.¥93.417 3,583,819 FUIYDS Unwstrictcd tiitK15 Rcsii-icted liinds 354,817 3.538,(A)o 260,901 3,322.918 'IO"I'AL FUNDS J.89.1.417 3,583.819 The iliariliible ¢oinpaJiy is cnliilcd to cxcmptiotj from audit und¢r Scclion 477 of the Compai1ies Act 2110(? for Ihc ycar ¢iidLd 31 sl DLccmlKI 2023. The meiiibcrs haN'L not requircd thc COTnpiny to obiainl (n audit of its fi[1]Cial staicments fi)r the ycar cndcd I I sl Dc<cinb¢r 2()23 in aLLord1n¢¢ wirli Sciiion 476 of tlic Conwanics Aci 200(). Thc Iiusiecs acknoivlcdgc ihcir rcsponsibilitlC5 foi {a) cnsiiring Ihai th¢ charildblL Lompan) kccps aLcowiting rc£ords ihai Lomplv will Scclions 386 <11id 387 of ihc Cornpanies Act 20()6 and prtyparitjg lin47nLial 5t11 luments ivhich givc a ttuc a[ fair sic* of IhL stai¢ of 1( ffairs of ihc ¢harit¢ible company qL S ,11 thc Lnd ol. cach financial }'ear and of lis siirpliis OT dcficil foi caLh fiithtTrLial year iii accoidaiiie iviih IhL' rci]Iiircmcii15 of Scc¢ions 194 and 395 11 nd 'hICh othenvisc compl}. Ivith Ihc Tcquiicmcnis of Ihc Ci)nii)anics ALI 2nll() r¢latiiig to finathLral s1iiicmcni%. so far as applicablc to the chanL2ble Lonipaii}'. Ib} ThL 11()l¥% fiinii part ol-ilKsL fLl14ltiiidl SiLIILi1I)lS
FonDdY4lloD Mtt¢rs Ralnc¢ Sht¢t- folltlnutd 31stDtteThber 2023 The5c fittan¢i#] stsl¢m¢nts Iv¢ bccn pl¢pt4 in accotdat¢ witlj proY1$i¢x applicabl¢ to chaiitable companies $ubJc¢t lo thc small companies r¢8iJnc. Thc fJnanciAI statetyents werc appToved by the Boatd of I'ru#eEs aiul au(ILoriscd for su¢ .27¥1 CoP.kAyu.. &).Ukond re Sign on its l>cknlfby'. Mr D La]i(asler-Tnhstee Mr P Riisn¢l¢S- 7'nll,¢
Foundatlon Mlters Cash Flow Statement for the Vear Ended 31$t December 2023 2023 2022 Notes Cash flows from optr#ting activities c.ash gcncrii lcd from opcr41tioTrs 248.1)56 87,906 Ncl ush providcd by opcrating activitiL% 248.056 87.906 C4sh flows from investing aetivitleg Piiiihase of tangibl¢ fixed asscls Sale oftangible fLx¢d assets (233.1831 1.5(M) 196,859) Nct cash us¢d in invc51Lfi8 activiti£s {231.683} 196,859) Ch#rt%e esh gnd cgsh equivaleDtS 10 Ihe reporting period Cash and cash equivalents at tlje beginning of the reporting period 16,373 IX,9531 122,957 131,91n c.ash and tash equlvalents at the end of the reporting period 139.330 122,957 Tlib Ioiiii ol-lhcsc finaiicial slal¢tiiciils
Found&tion Matters Notes to the Cash Flow Statement for the Yeor Ended 315t Deeetllber 2023 RECONCILIATIOF' OF NET IIYCOME TO NF.T CASH FLOW FRONI OPERATING ACI'IVITIES 2023 2022 Net ineome for the reportlng period {4s per the Statement of Finalleial Activities) Adjustments for: Dcprccialion ch4ltgc5 Profit on dispo%al of fixcd assets Incrcase in d¢biors {De¢Tcascllincrcasc in Creditors 309.598 64,376 17.208 (1.5001 (16.5221 (60,728} 16,467 {12,7021 19.765 Net ca$h provided by operations 248.056 87,906 AiYALYSISOTr CHANGES IN NET FUNDS At 1.1.23 Cash fli)w At31.12.23 Net esh Cash Jt baiik and in hand 122.957 16.J73 139,33 122.957 16,373 139.330 Total 122.957 16,373 139.330 Tli¢ tiolcs lomi P¢iO i)f ihesc fi1121 stdlCJ)ICI)ts PabTC 111
Foundation Matters Notes to the Finantlgl s19tenn1S for the VeAr Ended 31st December 2023 ACCOUNTING POLICIES Basis frf preparing the financial 5tatoments The financial staicmcnts of ihc chariiablc company. which is a public benefit eDiity undei FRS 102. have b11 pwparcd accoidancc w¢h the Charilies SORP (FRS 102) 'Accouniing and Reporting by Chatilies.. sta1cnl of Re¢omm¢ndcd Praclicc applicable to Charities preparing Ihcir accordance with thc Financial Reporiing %iandard applicablc in thc UK and RLpublic of Ireland (FRS 1021 lefTeciive l January 2019),, Fin<incial Reporting 5iandard 102 Th¢ Financial Reporting Standard appli¢ablc in the UK and Republic of Ircland, and the Companics Aci 2000. Thc financial stat¢m¢nis have bccn prcparcd undcr the hisilirical cosl convciitLOn. All incomc is iecognised in Ihc Statcm¢ni of Finaiicial Aciii'iiics oncc the charity h2s ¢niitlcmcnl io the fiinds, il 1$ probthbl¢ thai the incomc will bc received and ihe amount Can b¢ nKasuTcd Icliably. Expenditure Liabiliti¥s arc rLcogniscd a5 cxpcnditiire as K)ll as tlv¢ is a Icgal or cons¢ruciivc obligation committing ihc clthri¢y to thai e¥penditllrc, it is probable ihai a Iran5fcr of ccunomic bcnefits will bc TeqUITcd in sciil¢mcnl and the ol'ihc obligalion can be mcasurcd reliably. Expctlditurc is a¢couThl¢d for on an accruals basis and has bctyn classilied iindei headiRgs ihai Jggrcxaic all cost related io thc category. Wh¢r¢ costs cannot be directly aiiribiited (o particular h¢adings Ihey liavc becn allocated ac¢iviiics on a basis coiisislcnt wilh ihc usc of itsourc¢s. Allocation #nd #pportlODment of costs Exnditi1rC which does not diiecil). rLlaic io th¢ obj¢¢ts ol the Charity is anal)%ed bciivecii chaTiiablc support costs, gi)vernancc costs and costs of gcncrniing funds. Iiems whicli ini'olvc morc th)n oiic cosl ¥alc¥ory ate apportiotled ort a basis consisicnt iviih thcir ¢onsumption. TAgible fixed assets tkpr¢¢iation is proiided 471 the following cinnual Tal in ordcr to wrilc oft each assct ov¢r iLs es11tIlL iisclul Land Plant and n)aLhincry Fixtiircs and littin8S Moitsr vLliiclcs CunipiilL'T equipment I1 provided 25 /d On Cost 25Q/y Oll ¢OSt ID on cosi 33 /0 on cost Any cosis ass()ciaicd ivith the consttuctioii of ihe Childrcn's Lainp arc ¢apitalised a5 they aic inrurrcd. Expcnses oY¢r £500 on fLXlurL% & filtings ¢1re capitsliscd. Deprcciation is not pioTr'idcd on cosis ass(191Cd ivith thc Childrcn's camp uniil construction is c(iinplLIC. I'xation Thc I h<ll"iIy Is cxcmpr from corporation tax on ils cliarithble a¢tLN'III¢%. Fund accounting Uiircsirictcd funds can bc L15cd in aL¢ordancc willi thc chaiitablc obj¢clii'c% ai ihe disLr¢lioii of tlic t1715tCCS. RcsiriLt¢d fiii)ds Laii bc Usc¢J lor paniciilar r¥%iricicd PUTPOSCS wiihiii tlic objeLts ()I'ili¢ cllarils. RcslriLIioiis L 1.ise w'hen 5peLifi¥d by Ih¢ d£)noi 01 i%lLeJi lunds 1¢ fL raiscd tc)r PLiniiulJr ¥cslriLILxi piitPOSLS. Fiiiihcr cxpl<iTlillion of ihc Thature aiml purposL oIcJLh fund is inLludLd in Ili¢ n()l¢s lo Il]c fiiidnciii I sute1cli(b. Pagc 11
Foundation Matters Notes to the FinanciAI StgtemeDts- continued for the Year Ended 31st December 2023 DOYATIOPS AND LEGACIE.S 2023 2022 Gitls Gift aid 426,735 73.451 230,338 10,575 500,186 240.913 INCOME FROM CHARITABI,E AcfiviTIES 2023 2022 Activity Evangelist activit1¢5 Camp atMI iraining Salc of religious literattlrc Camp and training fees 1.899 62.807 2.259 59,21)0 (A,706 61.459 CHARITABLE ACTII'ITIFS COSTS Suppotl eosls (sce nolc 5) Dircct Costs Totals Evangilisl a¢tivilie5 Camp dnd Iraining 126,811 20.841 66,543 52,229 193,354 73.070 147,652 18,772 266,424 SUPPORT COSTS Goveman¥c CQ51S Managenrti Financc Totals EvangLlist 47CtLVLtLCS Camp artd training 55,92¢) 52.229 1.1>03 9,620 66,543 52.229 108.149 9.(120 11 %,772 Tr4ET INCOMEJ(EXPENDITLIRE) NLI inLtsn)Lll¢xp¢nditurcl is slaiLd afici chiliging,'{LrLdiiiiig)-. 2023 2022 In(ILpciidLlIt CX14 min41(ion fL's t)cprcLi<ltioii oiincd a8%cis Ilirc i)r plaiit 41nd m<iLhiiiiry Siirpliis i)i) disposal of fixed aet5 5.451 17.207 195 (i $001 3,()0 1().4()7 2.4_34 Pa¥c l•
Foundtifrn l¥Iat¢ers Notes to the FiDancil St*tements- corttinued for the Ye4r Ended 315t Decernber 2023 TRUSTEES, REMUNERATION AND BENEFITS ThL're weit tK> trusiees, remuTh¢ration or othei bencfits for the ycar etKled 3 1st DCCetnr 2023 nor fgr thc year cndcd 31 si DeceTnbcr 2022. Trknstees. expenses Th¢r¢ wcre no I[ust¢' expcnsLs paid for the ycar ended 31st DLXeMr 2023 iior foi th¢ y¢ar endcd 31 si De¢cmber 2022. STAFF COSTS The avcragc monthly nutnbcr of employees diiring thc ye2r Wds as folSows= 2023 2022 Siipport staft No employccs rcceived cmolumcnis in ¢xc¢ss of £60.0(M). TANGIBLE FIXED AS%E'I'S Activity CCD(r¢ Plant and nJTrchincry COST At 151 J<inu¢1ry 2023 Additions 204.Q29 J,492.954 218,566 56,203 6.672 At 31 st December 2023 2(A.029 3.711.52 (?2,875 DEPRECIATIOY At l 81 J21 niil£ ry 2n21 Charge for year 47,503 4.255 At 31 s¢ t)cccmbcT 2Q23 51,758 NET BOOK I'ALLTE At 315t DLccmbcr 2023 2()4,029 3.711.52ll Ai 31 si Dccciiibcr 2022 204.029 3,492,954 8,700 Pag¢ 13
Foundatson Matters
Note$ to the Financial Statement$- ¢•n¢irtued
ror the Ve4r Ended 3 1st December 2(123
TANGIBLE FIXED ASSETS- tontinthed
Fixtures
Coinputci
eqLiipniciit
rjttings
vchiclcs
Totals
COST
At Isl January 2023
Additions
69202
2.022
41,283
17,769
5,923
3.881,440
233.183
Ai 3 Isi Dc¢embcr 21J23
71.224
41283
23,692
4,114,623
DF.PRECIATION
At Isi Janui¢ ry 2n23
Charge for ycar
57,403
6.1x17
5.504
5,5(b4
17.716
1.441
128,126
17,207
At 3151 t)¢¢omb¢T 2023
3.410
I1.8
19.157
145.333
NET BIK>K I'ALUE
Al 3 1st Dcc¢mbcr 2023
7.814
30,275
4.535
3,9()9.290
At 3 1st Decctnbcr 2022
11,799
35.779
53
3.753.314
10.
DEBTORS: AMOUNTS FALLING DUE M'ITHII% OYE YEAR
2023
2022
Trade dcbiors
OtheT debiors
Incotnc tax rccovctablc
6,164
4,458
32.052
4.926
6.684
27.7(?8
361
9,634
VAT
Prcpaymcnts and accnK7d inLom¢
54,284
37.763
CREDITORS: AI4IOLYTS FALLING DbL IVITHIN ()NF, YF.AR
2023
2022
Tradc crcditors
SoLial slciirits and otiiLr taxLs
Oilicr LTLdi(OTS
ALcru2¢ Is and dcrcrrLd illLome
Otlici luaiis
5.206
1,2Q7
1,528
73
6.706
320,7111
80
3,500
260.701
269,487
330,215
()ther loans
OtliLr IlIs 7rC niadc lip as t()Iloivs-.
2Q22
Mr P t)iion
Mr J Hiidsi)n
Mi" kl M
Foundalion Matters Note5 to the FIn¢11 Staternents- eoTr¢inued for the Year Ended 3 Ist Detemher 2023 CREDITORS: AMOUPTS FALLIYG DUE WITHIN OTr¥E YEAR- co¢1ed Mi K Cartci Mr C K SicnTrer Mrs J SltyE¢r 20,000 40,000 260,701 320,701 Thc Jmount disclosed as being due from Mr A Malkin is dispulcd by the T[U%¢S and ncgotiaiions arc ongoiiig wirh Mr Malkin in relarion to this loan balance and ccrtain other maiteTS. 12. MOVEMENT IN FUBIDS Nci movcnKnt in fllnds Ai 31.12.23 Ai 1.1.2.1 Unresfrleted funds Gcncrnl 2()0.9DI 93,916 354.817 RestTltled funds Activity centrc Mi55ionary Fund Oversc#iS Bsblc Exhibition 3.314,857 26,584 11 8.5231 219,680 {22,7711 18,773 3,5.34,537 3,81.3 25 3.322,91 X 215.682 3,538,(IN> TOTAL FUNDS 3.583.819 309,598 3.893.417 Net movement in funds, ineludcd in ihe abosc are as follows.. Incoming tcsourccs RcsouiLes ¢XP¢Ddcd m0venli1 in fund Unre5trTreted funds G¢ncr£?I 283.026 (189.110) 93.916 Restricted fund5 ALtivi15' CtlllrL MissiL?J)ai}' Fiind OvLrsLJS t8iblL Exliibi¢ion 219,680 54,543 18.773 219,68 122,7711 18.773 177,3141 ?92,996 {77.314 215,C)82 TOTAL FUNDS £76,022 12()C).4241 309.598 Pa¥c IS
Follndation Nl&tter3 Notes to the Fin¢11 StAtttNenls- tontinued for the Year Ended Jlst December 2023 12. MOVF.MF.NT IN FUNDS- fontinued CtsJNparatives lor movement in fvDds N¢t nKiYemenl fund5 TraJisf¢rs bciwc¢n lutlds At 35.12.22 Ai 1.1.22 Unrestricted fuMd$ Glneral 260.017 15.7SO 114,8661 260,901 Restrict funds Altiviiy ccnirL Missionary Fund OvcTsoas Bibl¢ Exhibilion 3.249.507 51.137 114.8fi61 12,355 3,300,644 14.866 9.919 22.274 3,259.426 48.626 14.866 3,322.918 TOTAI. FUNDS 3.519.443 64.376 3,583,819 CDmpi1ralivc nci movemcnt in fiinds. included in ihc aix)i'e are as follows-. Incomin8 rcsourc¢s Rcsourccs ¢Xnd¢d Movement in fund5 Unrestricteil fund$ 193.457 {177.7071 15.750 Restricttd lunds Activil}' c¢nlrc Missionari. Fiiiid OvctSC<lS Biblc ExhibÈtion 51,137 54,240 12,355 51.137 (14.866} 12.355 (69,106 117,732 (C)9. In61 48,626 TOTAI, FUNDS 311.189 (24fi.8131 (A,37C? A ciiriciil ycar 12 month5 and prior 7[ 12 tnoiiihs combined posillofh is As Ivllows-. N¢L rtK)vciiicnl itt fuJM]s Traiisf¢TS bclivccn rllnds Ai 31.12.23 Al l.1_22 Liirtstricled funds fj¢ncriil 260.017 10().66C) (14.8C)(il 354,817 Restricled (und$ Aciivi15 CClltrL Mis5iolliir)' FILnd (Ivctselc S 14iblc F.xhibiiivii 3.249.5n7 270,817 137.C1371 31.12% 3,520,3?4 122.7711 41.047 14.86(? 9.919 1,25Y,42C? 2fA,30X 14,Y66 3.£38,(iaO TOTAL FUND 3 £ IC).443 -173.974 3,XCJ3.417 I C)
Foiindalion Matter5 Note5 to the Fin%n¢i41 Statements- continued for the Year Ended 31$t December 2023 MOVEMENT IN FUTr*DS-tontinued A ¢iirr¢nl ycar 12 months and prior ycar 12 tnonth5 Cotnbined nK>VCDnI in funds. incliided in thc abovc are a5 lollows.. IrKon)ing resources Resol1cS expcndcd Movemeni iii funds Unresfrlcted funds Gcncrdl 476.483 (366,Xl 7) IIB.C)66 Restrleted funds Activity cetjlie MissiL)naTy Fund Ovcrsccts Biblc Exhibilion 270.817 108.783 31.128 270,%17 {37,6371 31,128 {146,4201 410.72¥ 1146.4201 264.308 TC)TAI, FUNDS 887.21 (513,2371 373,974 Description of Restricttd Funds Attivity cethtrt - this lund dcals with th¢ donations and cxpcnditiire towards Ihc construction of thc tentre al Pinc Lakc. Mi55ionary fund - this liind represents tunds rw¢Lv a1 cxpciidcd by ihe chariry on b¢half of v(Iliiniic ry woikcrs UiL(Icrt¢iking aclivitics on bL'hallof the chaiily. Overseas Bible Exhibitio thi5 represcTrt% monics rc¢eiv¢d spc¢ifically to fuiid ihc ovcrscas work OF Ilic 13. REI,ATED PART). DI.SCLOSLRES Theit were no rclalcd party trnn5acti0i for thc yeai ended 31 si Dcccn)bcr 2023. Pa¥e 17
Foundalion Matters DetAiled Stat¢m¢nt of Financial Aetivi¢ies foy the Ye#r Ended 31st December 2023 2023 2022 INC.OME AND ENDOWMENTS Donations And legacies Gifts 426.735 73.451 230,3J8 10,575 500.186 240,913 Charitable activities Salc ot- rcligiou% liicraturc C41mp and trainitlg Iccs 1,899 62.807 2.259 59,200 (A.706 61.459 Otber inc0e Mi%¢¢llaii¢()us inLom¢ 11,130 8.817 Total 1cOMIng resourees 576.022 311,189 EXPENDITURE Charitable 9Ctivities Hii-c ol-plic ni i< nd niiichincry Piirchic SCS Mi8c¢lli?ncoiis piirchaws (lifts lo workcrs ood costs Wagls and kilarics 195 2.434 10,218 {1571 81).180 17,9fin 21,4C?8 1,416 95.515 2Q.CA() 16.%39 147.652 132,103 Support eosls Ikl*n#2ement Ratc8 aiid wter InsiirclllcL Lighi and lieai Tclcphoiic Pi-inlillg, post<igL ,11)d siationcr). Laiindr)" Lxpcnscs Mi)li)r cxpenscs C'oiiipiitcr siiftivaTC 3,942 10,931 7.344 6.197 4,758 2,653 722 7,()41 4,868 3.413 31.17CI ().()30 278 13.C)34 5,5W 1,837 268 In,374 3.335 2.951 34,242 4,400 4.72¥ 4,255 (?.Q(17 102,7Q3 Rcp41iiS & rcIicwals Pr¢iiii¥cs ¢xp¢tiscs CviiSLIIts'incy fc¥s D¢prL¢idlioii of pl£iiJl atid Iiiailiii)et 5,9().1 97.957 C'Lirii¢d fi)tlVcird This pa&rL ducs nol Ilirni Piifi c)rtliL %iaiurory IiiMJiLl£il sldlciiiciils P¢iUVL 18
Foulldation latterS Detailed Statement of Firt4nti*l Activities ror the Year Ended 31st December 21123 2023 2022 Mangement Bruughi forward Depr¢ciation of mtstor vehicles DLpfLLiation of LompLiier LyILipment Loss on sale of tai)gible fixed asSCts' 102.703 5.504 1.442 {1,500) 97,957 5.504 1.817 108.149 105.278 Finance Bank Charges and intcrest 1.003 1.687 Governance eosts Indcpciidcnr ¢xainin2£ lion fces L¢gal and profLssional fLCS 5.451 4.ICI9 3.6(X) 4,145 9.620 7.745 Toti£ I rcsour¢es cxpendcd 2CI6.424 246,813 Net income 309,598 ,376 This Pi£ gc di)cs noi torni Plr rt of Llic slatiitory I1117Cl&ll $11£ Icnicnls Pri¥C 19