REGIsfERED COMPANY NUMBEFL. 05285840 (England and Wales) REGIsfERED CH NUMBER. 1107662 REPORT OF THE TRusfEES AND UNAUDrrED FINANCtAL sfATEMENTS FOR THE YEAR ENDED 31 DE(ZMBER 2024 FOR FOUNDATION MATfERS Lewis Brownlee (Khe$ter) Limited Chartered AcccMJntsnts Appledram Barrs Birdham Road Cthichester West Sussex K)20 7EQ
FOUNDATION MATfERS coKrENTS OF THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 DE(EMBER 2024 Page Rewt of the Trustees I to 4 Independent Examinerfs Report Statement of Financial Activlti&s Balan Sheet Cash Flow Statwnent Notss to the Cash Flow Statement Notes to the financial Statements 10 tr1 16 Detsiled Ststement of Financial Activities 17 tD 18
FOUNDATION MAThERS REPORT OFTHE TRusfEES FOR THE YEAR ENDED 31 DEMBER 2024 The trustees who a also directors of the charlty for the rAJry)oses of the Companies Act 2006, pr2sert their report with the financial staterrents of the tharity for the year ended 31 DernLEr 2024. The tswstees Iwve adopted the provisions of Accounting and Reporting by Chaiitses: Statement of R0MMended practi applicable to charities preparing their accounts in accordan wrth the finanoal Rewrttng Stsndard appticable ¥) the UK and Republic of Ireland (FRS 102) (effettwe l January 2019). OBJECTIVES AND ACtIvrrIES Objectives and aims Tre ob]'ectNes of the Charty are to than the a)ristian faith in aco)rdance with its ststement of belEts, advan educatK)n in accordan with Christian prinaples to relEve Fersons who are in condfcions of need or hardship, or who a aged or sick The arity as detsile)J in ts obJ"ettNe5 aThJ aims eks the adrdnrnent cl religion also is involved in the educatKJn of children and youn9 people through its invofvement in )1$ youth wo The Chaiity seeks to advance the Christian faith and in Kcordtr wilh that Pdith there are no restrfcdons on its work in terms of sector5 of the pubiic kncation. In the kThJer term through the Camp training centre Feople will come into contstt with teaching of Christian narIes. During 2023 the aims and objth of the charity continued to move fopNard. Publlc benefft The Trust&s confirn that they have pald due wrd to Part l 4 of the ¢Tharities Art 2011 and the Charity Cornmission's guidance on wbiic benefit in decsding what athvities the Charsty glould undertrke. In their capacity as tristees, the Trust&s confimi that they are of the opinion lJ)at all the purFoses of the Charity are for the teneflt of the public and that they have complied wjth their duties in that jard. el
FOUNDATION MAThERS REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 DECEMBER 2024 ACHIEVEMENTS AND PERFORMAN Charitsble activities The trustees have carefully considth the chai5ty5 actimties durtng the year 2024 aThJ can rert that the aims and obj.ecti of the tharity have been fulfilled. The Pine Lake Camp Centre has rKMI teen in 0[trdtn for ten years. During that time thousands of children and young people have attended thcrf)I residential and holiday camps. Over the pa twelve nN)nths a fijll programme of sldential events and lIdaY camps for thildn and young reople have tsken pla. There will be nK)re opportunity to expand the residenbal (amp events during the autumn and svflter [K)ts when the sIts hall Ès operdtional. Attivities for adults have included the rnonth men's breath5t whth are atten1 ty 31150 men on average. Some provision has also been made for ladies breatrfast gatherings. A ladies stand-up paddle LM)arding event went well and there are plans for rre 9Jth ents in 2025. The adult 'Just Lookn'rHJ' cout5es have condutted throughout the year, These e1ve week couw are des]gned to intrc1U the h&arers to the Christian faith. At the end of January, a Life of Jws &'ble EXhibIt)n was prowdad and taken to Kerala, India Writt in the Malayalam langu4e. InstructK)n and demonstrdtlon was given to nationals in ts use. Interest has iw shown in a Bible ExhibIOn for the Mlddle Ea in Arabic whKh will be wrsu8J as funds alh)w possibly 202516. Bible Exhibitions have been held here in the UK, in Yorkthwe, Rn ar)d Leicester. We continue to pr¢Jduce Bible illustrations for Le n chiklren's dubs here in the UK and ministrie5 abroad. Illustrdtions go into our Bible Exhibltion destgns, videos and Inted rrn3terials. Various gospel leaflets have teen designed, printed and distributed around the UK. Stenson Hdds Christian Fdlowshlp continues to have a thrfvir¥J Ex0[5 group on a Friday eing. The Foundation Matters team works with the church and runs amblies in loc31 £hcrf)Is on a weY ba9$. The Christmas assembiies We once again vtsy much appreiated by all the schools in Derby and in Wrose, Brddford. Pwress has been made on the sports hall and another lt for FM &aff 1¥3S o)nstructed. An eyr(en outd¢)ors athvlty coordlnator has jolned stsff kam on a volunteer basis. The Safeguarding commtiee met at the tEginning of the year to vIeW the pjlicy and trdlning gNen to all those who are a part of the team either as full-time stsff or volunte& Further rreetings have tsken plao to ensu everything is in ordw. FINANCIAL REVIEW Financial position Total income for the year amounted to £354,664 cornpad with £57622 for the weviws year. Total exFenditure was £491,243 compared with £1,923,158 for the previous year. The Chaiity had a defiat for the year of £136,579 compared wilh a deficit of £1,347,136 for the previoLS year. The defiat in 2023 wa5 as a regjlt of a prior year adjustment to depCiate the attivtty centre and lated buiklings from the date of the grdnting a lea to ocatpy the land on which the buildings were cDnstrLrted. Totsl fvnds at 31 December 2024 amourted tn 4100,104 of whth £358,238 15 unrestrict&l and £1,741,866 Is restricted. RESERVES The Trustees adhe to the Charity Commisslon guidan in respett of It ks the trustees, rolicy to UnthL1ed reserves in the fUrthece of the Chaiivs obJ"ectives as there is no r8]uirnent to build a surplus. The Trustees will ty to enswre that restrthd funds will rna1n in surplus. In partIlar the restrthd fvnd in connection with the buikling of the Camp TrdiniTrJ Centre is mnrtored at all times and funds are not committed unless there Is sufficient certrainty of lpt of income. dge2
FOUNDATION MATfERS REpoKf OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 FWURE PLANS There is a full prcKJramme of School resdential chmps during xhool tenn times and holiday camps for 8-Il's and 12's-16'5 during the hL)I holiday periods. PrcMJrtss on the spots hall proiett will ffK)ve ahead as funds become available. The main building will undergo mairtenan Vrk to treat and pre5eNe the external log fabrtt of the ixjilding. There are neajs for re [nart and volunteer staff tD expa1 the c2mp minithes, and an as9Stant cook to meet the cotering needs is particularty urgent The trustees want to register there apwttiation cl the declicated staff team and the many volunteers who gave of their time and energies to serve the many thildn aThJ young kople who were able to partiapats in the camps of 2024. They are also thankful to the numerous 5UEPOrters of the ministry who prny and give geneUSlY abling the charity to pursue and advantr the objectwes of the chaiity. The is an unquantifiable, yet nonetheless significant, benefit to the wellbeing of the children who have sPt bme at Pine Lake and who have gone away with happy memorleg of their time the. srRucfuRE, GOVERNANCE AND MANAGEMENr Governin9 document The Company is a tharftabte compary Ilmite£l ty 9uarantee. It was incorpordbj on 12 November 2004 and is governed by its memorandum and artides of 3ciation. Recruitmen¢ appolntmen¢ inductlon and training of new trustees The Trustees consider on a gUlar L%35is, whether additDnal trustees are requ to fulfil 4)lf roles wlthin the Iarity, In identy'ng new ITLStees considerdbon is given to thar background, relant professional skills and knowledge of the area in which the Chaiity operotes. New Twstees receive training from the charws professional &Jvisors the pJisting Trustees. REFERENCE AND ADMINIsfRATIVE DEfAILS Registered Company number 05285840 (England and Wales) Registered Charlty number 1107662 Reglstered office Appledrnm Bams Birdham Road Iche*er West Sussex P020 7EQ Trustees Mr F Bwrley Mr I Brownlow Ms G D Lancaster Mr D Lancaster Mr P K Riisnaes Company Secretary Mrj Hudson Page 3
FOUNDATION MArrERS REPORT OF THE TRUSTEES FOR TFIE YEAR ENDED 31 DECEMBER 2024 REFERENCE AND ADMINISfRATIVE DEfAILS Independent Examiner Sarah Alexander FCA FCCA Lewis Brownlee (Chichester) Limited Chartered Accountants Appledram Barns Blrdham Road Chichester West Sussex P020 7EQ This report 5iis been prepared in accorda1 wth the specol provisions of Pdrt is of the Companies Act 2006 relating to small companles. Approved by order of the board oftrustees on ........................... ................. nd *gn&J on its behalf by: Mr J HLidson - Secretary Page 4
INDEPENDEKf EXAMINER'S REPORT TO THE TRusfEES OF FOUNDATION mAER5 Independent examineVs report to the trustees of Foundation Matters ('the Company.) I rEport b) the charity trustees on my examination of the accounts of the Company for the year ended 31 t)ecember 2024. Responsibilities and basts of report As the chaiity's trustees of the compnY (and also its dIltly5 for the wrpose5 of company kw) you are responsible for the pparat)n of the accounts in accordan with the requIremts of the Companies Act 2006 2006 ACY). Havtng satisfied mysdf that the acmunts of the Company a t requirEd to be audit&1 under Part 16 of the 2006 Att and are eligible for independent examinatK)n, I report Nl IEspect of my examinati)n of your charitys accounts as carried out under SeCtn 145 of the arities Act 2011 (the 2011 Act). In carrying out ry examination I have followed the Directions given by the tharity Commisson under StIOn 145(5) (b) of the 2011 ACL Independert examineVs statemert Since your charitys gross Income excdJ £250,000 your examiner must be a member of a f15ted body. I can confirm that l am qualfied to undertske the examination because l am a member of the Institute of Chartered Accountsnts In England and Wales, which is of the lied bLKlies. I have compteted my &xaMInan. I confinn th& no matters have come to nry attention In connection with the examInatn giwng me ouse to telieve: accoUnng records were not kept in IEsk of the Company as rued by Section 386 of the 2006 Act,. or the accounts do not accord with those rnIs. or the accounts do not compty with the accounting requirements of Se(t#)n 396 of the 2006 Art other than any reqU1ment that the accounts give a true and fair whKh is not a matter con9dered as part of an independent examinab'on; or the accounts have not keen prepared in &COrdan with the methcwJs and 'ncIpleS of the Statement of Recommended FYartTtr for xcounting and rewrting by tharitie5 (applicable to charities preparing their accounts in accordance with the nan0a1 Reporting Stsndard appllcable in the UK and Republic of Ireland (FRS 102)). I have no conM$ and have come acros5 no other matters in connection with the examinath)n to which attentlon should be drdwn In this report in onder to enabk a proter under5tandlng of the accounts to be aChed. Sarah Aleyander FG4 KCA Lewis Brownlee {chheSterj Limited Chartered Accountsnts Appledrdm Bams Birdham Road Chichester West Sussex F020 7EQ 28 October 2025 Date: ............................,................ ges
FOUNDATION mAER$ srATEMEMf OF FINANCIAL ACTIvrrIES NCORPORATING AN INCOME AND EXPENDMJRE ACCOUMn FOR THE YEAR ENDED 31 DECEMBER 2024 2024 Totsl funds 2023 Totsl funds as reststed Unre5trFcted Restritted funds fvnds )tes INCOME AND ENDOWMEMfs FROM Donab'ons and legaaes I6432 124,159 288,691 500,186 Ctharitable activities Evangelist activities Camp and trnining 11,636 48,988 11,636 48,988 1,899 62,807 Other IoMe 5,349 5,349 11,130 Total 230,505 124,159 354,664 576,022 EXPENDThURE ON Charitable activities Evaftgelist athvibes Camp and trdlning 96,512 104544 289,912 386,424 101,544 1,850,088 73,070 3,275 3,275 Total 20L331 289,912 491,243 1,923,158 NET INCOME/(EXPENDrruRE) Transfern between funds 29,174 (25,753) (165,753) (136,579) (1,347,136) 25,753 Net movement In fvnds 3rt21 (140,OIXI) (136,579) (1,347,136) RECONCILIATION OF FUNDS Totsl funds brought fonyard As previous reported Prr year adjustment 354,817 3,538ffj00 3,893rt17 (1,656,734) (1,656,734) 3,583,819 As restated 354017 &88166 1236,683 3,583,819 TOTAL FUNDS CARRIED FORWARD 358,238 1.741066 1100,104 2,236,683 The notes form part of these F.nanaal statements Page 6
FOUNDATION MArrERS BALANCE SHEEr 31 DECEMBER 2024 2024 Total funds 2023 Total fuiids as resL7ted Unrestricted Restrirted funds Notes FIXED Assn-s Tangible assets io 263,098 1,884,763 2,147,861 2312,556 CURRENT ASSFfS Debtor5 Cash at bank and in harKI li 56,697 17/,828 13B,442 54,284 139,330 39,386 195,139 39,386 234,525 193,614 CREDrroRS Amounts falllng due withln one year 12 (99,999) (182,283) (282,282) (269,4/ ) Nrf CURRENT ASSErs 95,140 (142,897) (4-1,757} 175,873) TO'fAL ASSEfs LESS CURRENT UABILMES 3S8,238 1,741,866 2,100,104 2,236,683 Nrf A55ETS 358,238 1,741,866 2,100,104 2,236,683 FUNDS Unrestricted funds Reslricled funds 13 358,238 1,741,866 354,817 1,881,866 TOTAL FUNDS 2,100,104 2,236,683 The charitable company Is entitled to exemptfjon frcm audit under Sertlcffj 477 of the Conwnles Art 2006 for tlie year ended 31 December 2024. The members have not required the company to obtain an audit of its financial statements for the year encled 31 December 2024 in accordan with Sectlon 476 of the Companies Att 2006. The trustees acknowledge their resF¥)nslbilities for ensuring thèt tlie charlkble CpanY keeps accountln9 rectyds that wlth Sections 386 and 387 of I'l)e Companies Att 2006 and preparing finandal statsnients whlch give a true and fair view of tF)e stste of aff¢iits of tl)e cl)a¥itablo company as at the end of each financial year and of ts sutplus or deficit for each financial year in accordance wiui tlie requ1Ments of Sections 394 and 395 and which othLsMise compty with the reqliirements of ts)e Conipanies Act 2006 relating to finanaal statements, so tsr a5 applicable to the tharitable company. These finanoal statemonts have been prepared in accordants with t1 provigons applioble to diaritablÈ companies 5ubjett to the small companies re9ime. Ibl Tl)e financial sktements were approved by the Board of Trustee5 and authorlsed for issue . and were signed ts) its behalf by: on Mr P K iSnaeS- Trustee The note5 form part of these financial Statennts Page 7
FOUNDATION MATTERS CASH FLOW sfATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 as restated Cash flows from operating a(tivities Cash generdted from operations 73A78 248,056 Net cash provrded by operating actsvities 73,478 248.056 Gish flows from investin9 activities Purchase of tsngible fjxed assets Sale of tangible fixed assets (67,780) 31800 (233,183) 1,500 Net cash US in inve*ng activities (34,980) (231,683) Change In ¢2sh and cash equivalents in the reporting period Cash and cash equlvalents at the beginnin9 of the reportlng period 38N98 16,373 139,330 122,957 Cash and cash equlvalents at the end of the reporting period 177,828 139,330 The notes fom) part of these fiiiancial ststents Paje 8
FOUNDATION MAThERS NOTES TO ThE CASH FLOW sfATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024 RECONCILIATION OF NEf EXPENDrnIRE TO NEf CASH FLOW FROM OPERATING ACTIVMES 2024 2023 as reststed Net expenditure forthe reporting period (as per the Statement of financial Activities) Adjustments for: Depreaation charges Profit on disposal of red assets Increase in debtors IncreaSe/(deCase} in CredorS {136,579) (1,347,136) 20095 (1,219) (2,414) 12,795 1,673,942 (1,500) (16,522) (60,728) Net cash provided by operations 73A78 248,056 ANALYS15 OF CHANGES IN NET FUNDS At 1.1.24 Cash flow At 31.12.24 Net cash Cash at bank and in hand 139,330 38A98 177,828 139,330 38A98 177,828 Total 139,330 38,498 177,828 The nc*es form part of these finanoal ststements Page 9
FOUNDATION mAER5 NOTES TO THE FINANCIAL sfATEMEMrs FOR THE YEAR ENDED 31 DECEMBER 2024 AccouMfiNG POLIaES Basts of preparing the financial statements The financial ststements of the tharitable company, whrh is a puNic tenefft entity under FPS 102, have been prepar&1 in accordan with the Ckorittes SORP (FRS 102) Accounting and Reporting by Charities: Statement of RecommerKfed Prattl applicable to tharities prepartng their accounts in accordan with the Financial Reporting Stsndard applicable in the UK aThJ Republic of Ireland (FRS 102) (effective l January 2019), nanclal Reporbng Standard 102 Ihe Fffianaal ReFM)rttng standard applicable in the UK and Republic of IIaftd' and the Companies P£t 2006. The financial &aterrEnts have teen wepared under the historical cost convention. Income All income & recognised in the Statement of nanCIal Acbvities ore the charity has entiuament to the funds, is protkible that the income will be re£eived and the amount can tse mea9Jred liab. Expendlture Liabilities a reccyJni5ed as exFendthre as SC)n as there is a legal or constnKbve obligation committing the charity to that exFeTrJiture, rt i8 probaNe that a transfer of economic benefits will tre required in ttlement and the amourt of the ot4igation (2n be measured relkiily. Expenditure is accounted for on an accruals basis and has teen classified under headirKJs that aggregate all cost telated to the category. Where costs onnot be directty attributej to partiojlar IEadir¥Js they have twi alk£a to activibes on a basis consEstent with the se of re9)ur. Alloration and apportionment of costs Expenditure which not dirw retate lo the objects of the thartty ts analysed LEtwn charitable support costs, governan costs and costs of genernting fijnds. Items whth Invo more than one cost category are pp)rtioned on a basis consr5tsnt wtth their consumFthn. Tanglble red assets Depreaatton i5 provided at the followlng annual rdtes n ordw to write off each at over its estimated useful fe. Lind Plant and machinery cures and fittings Motor vehides Computer uIpMent . r#)t kyovided 25% on cost 25Qh on cost 20% on cost . 33% C cLK8t Any costs associated wrth the constru¢l*)n of ts thiklwt's camp are caiytalls&J as tsy IrUrred, The a¢tivty ntre and aSCIated buikjings a being depts3tl over a 25 year period tseing the term of the lease relating to the13nd on which they have keen construtted. Expen over £500 on fNtures & ffttirKJ5 are Ca11J. Taxation The Charity is exempt from cryrdtion tax on its charitsbie activities. Fund accounting Unrestricted funts can be usgj in aCcnce with the ch¢ritabte obie£tives at the disuetion of the iTUStees. Restricted funds can only be usej for partar rested purp)ses within the obj.ects of the charity. Restrittions arise when spfied by the dcwr or when funds are raised for parb"cular restrrted purposes. Further &Yplanation ¢Jf the nabjre and purpose of eth fund 15 induded in the note5 to the financk31 statsments. Jelo continued...
FOUNDATION mAER5 NOTES TO THE FINANCIAL sfATEMEMfs- continued FOR THE YEAR ENDED 31 DECEMBER 2024 DONATIONS AND LEGACIES 2024 2023 as restated Gifts Legaaes ftaid 234,186 15,016 39,489 426,735 73,451 288.691 500,186 INCOME FROM CHARTfABLE AcrivrrIES 2024 2023 as restated Attwty Evangelist actyvitses Camp and troining Sale of rdigious literatu Camp and tsalning fees 11,636 48,988 1,899 62,807 60,624 64,706 CHARrrABLE ACTIvrrIES cosrs Support costs (e note 5) Direct Totals Evangelist activities Camp and trdining 143,183 18,145 243 241 386,424 101.544 161,328 326,640 487,968 SUPPORT cosrs Goveman Man4ement nan Totals Evangelist actiwttes Camp and trdining 2341 83XJ9 ¥041 10,088 243,241 8399 315.511 1.041 IOA188 326,640 NEf INCOMEI(EXPENDrruRE) Net incomel{exFenditure) is statsj after chargingl{crediting): 2024 2023 as reated Independt examination fees Depreciation - owned assets Hire of plant and machinery Surplus on dispjsal of fixed as 3,500 200.894 458 (1,219) 5,451 1,673,941 195 (1,500) Jell continued...
FOUNDATION MAThERS NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DEMBER 2024 TRUStEEg REMUNERATION AND BENEFThS Th¥e were m trustees, mUnerath"On or other tenefits for the year ended 31 ernber 2024 nor for the year en(kd 31 December 2023. Trustees, expenses There We no trust eynses paKI for the yw ded 31 Dember 2024 Th)r for the year ended 31 December 2023. srAFF cosrs The aveTrge monthly number of emrdoyees durin9 the year was as follows". 2024 2023 as restated Support staff No employees received emolumerrts In exces5 of £EIJ,000. PRIOR YEAR ADJusfMENT During the year the trust*s have consdtred the ap[YOene$S of the alUatIon of the aCtity centre and lated buildings sttijated at Pine Lake. The L3nd on which the buihjings have been constructed and the aumties of the d)arity are rried out is subj'ect to a l&ise entered into on 7 rnber 2010 for a 25 year anning pEmiislon and covenants attachej to the land the gte teirwJ usèj for any other purpose than the current charitsble objects. It has agreed that the cost of c{St[uttion of the trAJildings thould depre£otsJ over the tem of the lease and is consderèj that a pmr year adjustrnert is required rec£¥nisirwJ the depreciat#)n tharge to 31 December 2023. This aJJustment amounts to £1,656,734. TANGIBLE FIXED ASSEf5 io. Athvity ntre Plant and mathinery Land cosr At l January 2024 Additions Diswsals 204,029 3,71120 18049 62,875 7,160 {16,179) At 31 Dember 2024 204,029 3,729,969 53,856 DEPRECIATION At l January 2024 Charge for year Elimlnated on disposal ¥656,734 188,472 51,758 3,802 (1473) At 31 December 2024 IWS,206 40,687 BOOK VALUE At 31 December 2024 204,029 1,884,763 13.169 At 31 Dember 2023 204,029 2,054.786 11,117 Pa3e 12 continued..,
FOUNDATION MATfERS NOTES TO THE FINANCIAL sfATEMEKfs- continued FOR THE YEAR ENDED 31 DECEMBER 2024 io. TANGIBLE FIXED ASSEfs - Continued and fittings tor vehides Comput equipment Totals cosr At l January 2024 Additions Disposals 71,224 41.283 41171 (44283) 23,692 4.11423 67,780 (57A62) At 31 December 2024 71.224 41171 23,692 4,124,941 DEPRECIATION At l January 2024 Charge for year iminated on diSFosal 63hiO 6,635 11,008 211 (11,008) 19,157 1,774 1,802,067 200,894 C251} At 31 December 2024 70045 211 20,931 1,977,080 NEf BOOK VALUE At 31 D&ember 2024 1,179 41,960 761 2,14761 At 31 December 2023 7,814 30,275 4.535 2,312,556 ii. DEBTORS: AMOUNTS FALLING DUE wifHIN ONE YEAR 2024 2023 as restated Trade debtors Other debtors IncorrE tax recoverdble VAT Prepayments and acuuej irthme 8,292 6,164 4,458 32,052 4,926 6,684 35,770 5,763 6,872 56,697 54,284 12. CREDrroRS: AMOUNTS FALUNG DUE wmiIN ONE YEAR 2024 2023 as $tated Trade credthr5 Other creditors AC(rL[S and deferred income Other loan5 7,840 5,206 3,500 260,701 270,862 281282 269,487 Other loans Other loans a made up as follows: 2024 2023 Mr P Dixon Mrj Hudson Mr A Malkin 30,000 8679 151283 30,000 78.418 152,283 e13 continued...
FOUNDATION MATfERS NOTES TO THE FINANCIAL sfATEME1s- continued FOR THE YEAR ENDED 31 DECEMBER 2024 12. CREDrroRS: AMOUNTS FALLING DUE wmiIN ONE YEAR- cnntinued 270,862 260,701 The amount disdosed as teing due from Mr A Malkn'n s d[s[ted try the Trust and ne9)tiations are ongoing with Mr Malkin In relation to this k)an balarKe rtain other matters. 13. MOVEMENf IN FUNDS Net movement in funds Transfers ben funds year adJ"ustsnert At 1.1.24 At 31.12.24 Unrestrlcted fundg Generdl 354,817 29,174 (25,753) 358,238 Restri¢tsd funds Activity ntre Missionary Fund ¢er$eaS Bible Exhibttion 3,53437 (1,656,734) (144,277) 313 (2966} 250 8,090 I,73326 25,753 4340 3.53800 (1,656,734) (165,753) 3.893017 (1,656,734) (136,579) 25,753 1,741,866 TOTAL FIJNDS 1100,104 Net mov8nent in funds, IndUd in t above a as follows.. Incomlng rUrceS Resources exFended Movement in funds Unrestricted funds General 230,505 (201,331) 29,174 Restricted furKIs Attivity ntre Missionary Fund [erSeaS E4ble EKhibiton 44,195 71074 8,090 (188,472) (144,2TI) (101,440) (29,566) 8,090 124,159 (289,912) (165.753) TOTAL FUNDS 354,664 (49L243) {136,579) P&Je 14 continued...
FOUNDATION MATfERS NOTES TO THE FINANCIAL sfATEMENTS- continwl FOR THE YEAR ENDED 31 DEMBER 2024 MOVEMEMf IN FUNDS- continued Comparatives fijr movement in funds Net rr)vement in funds At 31.12.23 At 1.1.23 Unr&striLted funds General 260,1 93,916 3S4,817 Restricted funds Acknvity ntre Missionary Fund oVeeaS &ble Exthibition 3514,857 26,584 (18,523) (1,437,054) (22,771) 18,773 1,877,803 3,813 250 3222,918 (1,441,052) 1,881,866 TOTAL FUNDS 3,583,819 (1,347,136) 2,236,683 ComparatNe net movement in funds, Ijuded in the above a as follNs.' IOrnIng Resour exrended Movement in funds Unrestricted funds General 283,026 (189,110) 93,916 Restrirted funds Activity centre mi10nary Fund erseas Bible EXhibit)n 219,680 54,543 18,773 (1,656,734) (1,437,054) (77214) (22,771) 18,773 292,996 (1,734,048) (1,441,052) TOTAL FUNDS 576,022 (1,923,158) (1,347,136) Description of Restri¢ted Funds Activity centre - this fund deals with the donations and ex[thJ[re tDwards ts construcknon of the centre at Ffne lake. Missionary fund - this fvnd [eSents fiJnds 1V&1 and È¥teTrJed lry the tharity on behalf of voluntary worker5 undertskn'n g actsvitses on bthalf of the chanty. Overseas Bible Exhibition - this reWests monies retrived spectffDIty to fund the overseas work of the charty. Pe 15 conb'nued...
FOUNDATION MATTERS NOTES TO THE FINANCIAL sfATEMErirs- tontinued FOR THE YEAR ENDED 31 DECEMBER 2024 14. RELATED PARTY DISCLOSURES There wwe no rdated party bznsaclions ft)r the year ended 31 ember 2024. Page 16
FOUNDATION mAERs DEfAILED sfATEMEpif OF FINANCIAL AcfIvmES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 as Testated INCOME AND ENDOWMENTS Donations and legacieg Legacies Grft aid 234.186 15,016 39rt89 426,735 73,451 500,186 Charitsble activilies Sale of rdiglous literatu Camp and baining fees 11.636 48,988 1,899 62,807 60,624 64,706 Other inc£•me Gain on sale of tsngible fed as*ts MIellane0uS Income 4A94 855 11,130 5,349 11,130 Total incoming resources 354664 576,022 EXPENDrruRE Charitable actlvities Hire of plant and machinery Purchases Mixellaneous purchases Gifts to work&s 458 10,960 5,225 101,440 18,145 25,100 195 13,041 1,416 95,515 20,646 16,839 Wage5 and salar5 16¥328 147,652 other Loss on sale of tanglble fixed assets 3,275 Support costs Managemert Rates and water InsutBn Light and heat Telephone Ptinting, postage and stationery Laundry expenses Motor expenses Computer are Tralning cosls CarrÉed fOard 5.957 10,119 9,543 4,030 5,918 3,942 7,131 13,634 5,599 1,837 6,200 7,647 3.184 51598 10,374 3335 2,951 49,071 This page doe5 not fom) part of the statuiory finantial &atements Page 17
FOUNDATION MATfERS DEfAILED sfATEMErir OF FINANCIAL ACtIvmES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Management Brought forward Repairs & renewals Premises expenses Conwltsncry fees Freehold property DepciatIon of plant and machinery DepCIatiOn of fre5 and fttiings Deplation of motor vehides Depreciatlon of computer equipment Loss on Sale of tsngible fix&J assets 52,598 49,803 11,191 1,024 188,472 3,802 49,071 34,242 4,400 4,726 1,656,734 4.255 6,007 5,504 1,442 (1,5001 211 L774 315,511 1,764,883 Finance &nk charges and interest L041 1,003 Governance costs lftdendent examination fees Legal and profess]onal fS 3,500 6,588 5,451 4,169 10,088 9,620 Totsl resources exFend 49¥243 1,923,158 Net expenditure (136,579) {1,347,136) This paje does not fomi part of the statutory financial StateMts PJJe 18