| Trustees' | Annual Report |
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|---|---|---|---|
| lridependerit Eraniiner'~ RepCirt |
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| Statement | af flnanrra) Activities |
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| Summary | income and Expenditure | Account | |
| Balance Sheet | |||
| Notes to | the 4(covrits | ||
| Cietailed | Statement Cif Financial |
ACtiVilieS |
| forthe year | ended | 31August | 2023 | |||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | |||||||
| funds | funds | Totalfunds | Totalfunds | |||||
| 2IP23 | 2023 | 2023 | 2022 | |||||
| Notes | E | f | E | E | ||||
| InCome arid | errdaWmentS | |||||||
| from: | ||||||||
| Donations | and legacies | 68,297 | 68,297 | 79,455 | ||||
| Investments | 440 | 6 | ||||||
| Other | 874 | |||||||
| Total | 68,737 | 68,737 | 50.335 | |||||
| Expenditure | on: | |||||||
| Char itatrle | activities | 82,686 | 82,686 | 84,286 | ||||
| Other | 1,440 | 1,440 | 1,420 | |||||
| Total | 84,126 | 84, 126 | 85,706 | |||||
| Net gains on | investments | |||||||
| Net expenditure | (15,389l | (15,389) | (5,371) | |||||
| Transfers between |
funds | |||||||
| Net expenditure before other gains/)losses) |
(15,389) | (15,389) | (5,371) | |||||
| Other gains | and losses | |||||||
| Net movement in |
funds | ( I 5,389) | (15,389I | f5,371) | ||||
| Reconciliation of funds: |
||||||||
| Tot;rl funds | brought | forward | 132,746 | 99 | 132,845 | 138,216 | ||
| Total funds | carried | forward | 117,357 | 99 | 117,456 | 132,845 |
| 2023 | ||||
|---|---|---|---|---|
| E | ||||
| Incomr. | 68,297 | 80,329 | ||
| interest and | iitvestment income |
|||
| Gross Income For | the year | 68,737 | M,335 | |
| Expenditure | 82,686 | |||
| Oepreciatiari | and | charges for | ||
| impairment | of fixed assets | 1,440 | 1,420 | |
| lotal expenditure | forthe year | 84,17.6 | 87,126 | |
| Net expenditure | befrire tax for the year | (15,389 I | (6,791) | |
| stet expenditure | for the year | (15,389) | (6,791j |
| al 31August 20 |
23 | 23 | 23 | ||||
|---|---|---|---|---|---|---|---|
| Company No. |
03831962 | Notes | 2023 | 2022 | |||
| E | E | ||||||
| Fixed assets | |||||||
| Tangible assets | 11 | 4,438 | 5,340 | ||||
| 4,438 | 5,340 | ||||||
| Current assets |
|||||||
| Debtors | 12 | 7,787 | 7,218 | ||||
| Cash at bank | and | in hand | 107,105 | 127.,887 | |||
| 114,892 | 129,105 | ||||||
| Creditors; Amount | falling due within | one year | (1,874) | (1,600) | |||
| Net current assets | 113,018 | 12),505 | |||||
| Total assets less | current liabilities | 117,456 | 132,845 | ||||
| Piet assets excluding | pension asset | or liability | 117,466 | 132,845 | |||
| Total net. assets | 117,466 | 132,845 | |||||
| The funds of the | charity | ||||||
| Restricted funds |
14 | ||||||
| Restricted income |
funds | 99 | 99 | ||||
| 99 | 99 | ||||||
| Vnrestricted funds |
14 | ||||||
| General funds |
117,357 | 132,746 | |||||
| 117,35) | 132,746 | ||||||
| Reserves | 14 | ||||||
| Total funds | 117,456 | 132,845 |
| Fund accou | nt | ing | ing | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Llnrestricted | funds | These are available lor use at the discretion |
of the trustees | in furtherance | ol' | the | |||||
| general abiects af the ChariLy | |||||||||||
| Designated | (unds | These are unrestricted funds earmarked by |
the trustees | for particular purposes. |
|||||||
| Revaluation | funds | TheSe are unreStrioted funds whirh inClude |
a reyaluatian | reSerVe repreSentlng | the | ||||||
| re tateriient af inveStment aSSetS at their market Values, |
|||||||||||
| Restricted funds | These are available for use subieci to restrictions imposed |
by the donor | or through | ||||||||
| terms af an appeal. | |||||||||||
| Sniall amounts are given from firn&. tn time |
and Restricted | Funds kept I'or such, |
|||||||||
| thnuph none are ai anv material a»iount or |
veld for any | great lcngtl. cif | time. | ||||||||
| Tncotne | |||||||||||
| Recognitioh | of | Income IS included in ihe Statement of Financial Activitres |
(SoFA) When The rh*rity |
||||||||
| income | becomes entitled to, and wrtually certain to receive, the |
income and the | amount | of | |||||||
| the i»Came Cari be meaSured With SuffiClent |
reliability, | ||||||||||
| income with | related | where income has related experiditure the |
income and | related expenditure | is | ||||||
| expenditure | reported gross in lhe SoFA | ||||||||||
| Donation s | and | Voluntary income received by way of grants, donations |
and gifts is included |
in | the | ||||||
| Iegacies | tho SoFA when receivable and only when the Charity lias |
unronditiorial | |||||||||
| entitlement Lo the i~come |
|||||||||||
| l'ax reciaims | on | tnC»me fram tax reClaims is inCluded in the |
SOFA at the | Same time aS the | |||||||
| donations and |
gifts | Rift/donation to which it relates |
|||||||||
| Dona ted services | The~e are only included in income (with an |
equivalent amount in expenditure) |
|||||||||
| a»d facilities | where the beiieilt to the Charity is reasonably quantifiable, |
measurable | and | ||||||||
| materia(, | |||||||||||
| Volunteer | help | The value of any volunteer help received is |
not included | in | the accounts, | ||||||
| invest men | t | income | This is included in tiie accounts wlien receivable. |
||||||||
| Gain s/(I ass | esl | an | This includes any gain nr loss rasutring from |
revaluliig invesl. ments to market |
value | ||||||
| revaluatjon | of | fixed | at the end of the yc ir. | ||||||||
| assets | |||||||||||
| Gains/(fosses) | on | Th s includes any gain or loss on the sale of |
investments. | ||||||||
| investment | assets |
| trrcome f | rom dorratlons artd legacies |
|||
|---|---|---|---|---|
| Unrestricted | Total | Total | ||
| 2022 | ||||
| Offerings Reer.ived |
& Donations | 60,261 | 60,261 | 70,995 |
| Gift Aid | 8,036 | 8,036 | 8,460 | |
| $3,29 7 | 68,297 | 79,455 |
| Unrestricted | To(al | ||
|---|---|---|---|
| 2023 | 2022 | ||
| 440 | 440 | ||
| 440 | 440 | ||
| Tota | I | Total | |
| 2023 | 2022 | ||
| 874 | |||
| 874 |
| Errperrtittrjre an Charitadle aCtlVitieS |
|||
|---|---|---|---|
| Unrestricted | Tatrsl | Trrta l | |
| 2I223 | 2Q22 | ||
| Errrerrdrrure Orr Char irohir |
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| achw I'res | |||
| Salaries | 24,I33I3 | 24.030 | 25.387 |
| Pensions | &44 | 372 | |
| Pastor's Benegts | 9,450 | 9,450 | 15,159 |
| Mileage | 428 | 428 | |
| Rent | 18,MQ | ?8,QM | 16,550 |
| Sunday School | 369 | 220 | |
| Yovth | 598 | 59& | 273 |
| Ministry Resources | 207 | 2D7 | 395 |
| Conferences | 3,067 | 3,06 7 | 39rt |
| travel 8 Subsistence | 15,651 | 15,651 | 7.276 |
| stye bsrte | 366 | 36S | 197 |
| Comp 5/ware 8 |
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| Consrjma dies | |||
| Communrty Food & Drinrr |
772 | 772 | 585 |
| ViSitrrrg Speaker COStS |
484 | 484 | |
| Trustee Wonararicrm |
46O | 4st3 | |
| Telecommunicatiorrs | 343 | 343 | 498 |
| Irlsurance | 'I82 | 620 | |
| Post, Prirrt, Statronery | 435 | ||
| Repairs 8 Renewals | 69 | ||
| Pastora i Care | 188 | ||
| Outreach 8 Evems |
174 | )74 | 820 |
| Travel inslrrance | 644 | ||
| Accountancy & Ind Exam |
1, '.740 |
1,640 | 1,350 |
| LICenSeS 8 SIrbsCrrpl'rons | 757 | 757 | 315 |
| Governanre | l07 | 107 | |
| Storage | 2,867 | 2.867 | 2,997 |
| Gifts to Overseas Churches | 245 | 1,019 | |
| Bank gr Credrt Card Charges | |||
| 82,686 | 82,686 | $4.286 | |
| Goverrrance costs |
|||
| 82,88a | 8z,eSa | 84,286 |
| 7 | Other expend | iture | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Total | Total | ||||||||||||||||
| 2023 | 2022 | |||||||||||||||||
| Ainortisation, | depreciation, | |||||||||||||||||
| impairment, | profit/toss | an | 1,440 | 1,440 | 1,420 | |||||||||||||
| disposal of fixed assets | ||||||||||||||||||
| 1,440 | 1,440 | 1,4 2IO | ||||||||||||||||
| 8 | Net expenditure before transfers |
|||||||||||||||||
| 2023 | 2022 | |||||||||||||||||
| This is stated | after charging | E | f | |||||||||||||||
| l3epreciation | of owried | fi~ed | assets | 1,440 | 1,420 | |||||||||||||
| Indeperideni | Examiner's fee |
460 | 395 | |||||||||||||||
| Other fees paid ta the | aiuditar | or | 750 | 940 | ||||||||||||||
| independent | examiner | |||||||||||||||||
| Ex-gratia payirients | 450 | 785 | ||||||||||||||||
| Trustees were paid ex-gratia | payments | for | ||||||||||||||||
| speaking at church events. | ||||||||||||||||||
| 9 | Trustee remuneration | and expenses | ||||||||||||||||
| One or mare | of the trustees | has beeri paid expenses | in | the | current | or prior | periods. | |||||||||||
| 2023 | Zt722 | |||||||||||||||||
| Number | Number | |||||||||||||||||
| Number of trustees paid expenses |
3 | |||||||||||||||||
| The rtature ofthe reimbursed | expenses | Travel | gi | subsistence, | mainly | on trainirig, | pastoral | and | ||||||||||
| outreach | activities. | |||||||||||||||||
| f | ||||||||||||||||||
| Total expenses reimbursed |
to trustees | 11,232 | 7.276 | |||||||||||||||
| 10 | Staff costs | |||||||||||||||||
| Na employee | received | emoluments | in | excess af f60,000. | ||||||||||||||
| Total employee benefits recerved |
by | key management | 24,874 | 24,472 | ||||||||||||||
| personnel | ||||||||||||||||||
| The average | monthly | number | af full | time equivalent | employees | during | the | year was | as follows: | |||||||||
| 2023 | 2022 | |||||||||||||||||
| Number | Number |
| 11 | Tangible fixe | d a | ssets | |||
|---|---|---|---|---|---|---|
| Fixtures 8 | ||||||
| Equipm ent | Fittings | Total | ||||
| Cost or revaluation | ||||||
| AL 1 5epterntier Ilute |
2022 | 20,561 | 964 | 21,525 | ||
| Additions | 538 | 538 | ||||
| At 31Augusi | 2023 | 21,099 | 964 | 22,063 | ||
| Depreciation | and | |||||
| irnpa ir ht |
||||||
| Rt 1September | 2022 | 669 | 16,185 | |||
| Liepreciation | charge fcir the | 1.396 | E,44a | |||
| year | ||||||
| At 31August | 2023 | i6.312 | 713 | 17,625 | ||
| Net book values | ||||||
| At 31 August | 2023 | 4,187 | 29E | 4,43S | ||
| At 31Augus( | 2022 | 5.Q45 | 295 | 5,340 | ||
| 12 | Debtors | |||||
| 2022 | ||||||
| f | ||||||
| Prepaymehts | ahd accrued Income | 7,787 | 7,218 | |||
| 7, 7S7 | 7,2E Et | |||||
| 13 | Creditors: | |||||
| amounts falling |
due within one year | |||||
| 2023 | 2022 | |||||
| Accruais | 1,874 | l,SDO | ||||
| E,874 | 1,600 |
| incoming | incoming | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| resources | |||||||||||
| At %1 | |||||||||||
| At} September |
lincluding other gains/losses |
Resources expended |
August 2023 |
||||||||
| 2022 | I | ||||||||||
| Restricted | funds: | ||||||||||
| Restricted | income funds: | ||||||||||
| Homeless | SQ | 50 | |||||||||
| Food Project | 49 | 49 | |||||||||
| Terai | 99 | 99 | |||||||||
| Unrestricted | funds. | ||||||||||
| General funds | 132,746 | 68,737 | (84,126) | 117,357 | |||||||
| Tota I funds |
132,845 | 68,737 | (f34,126) | 117,456 | |||||||
| Purposes | and | restrictions | in relation to the funds: | ||||||||
| Restricted | funds: | ||||||||||
| I Ioinel ess | 6upportin8 | the needs of | the homeless | ||||||||
| Food Project | Providing | food for | those | in net.d |
| 15 | Analysis of | ne | t assets between funds |
||||
|---|---|---|---|---|---|---|---|
| Uncestricted | |||||||
| funds | |||||||
| E | |||||||
| Fixed assets | 4,43$ | 4,438 | |||||
| Net current | assets | 113.018 | 113,IQ18 | ||||
| 117,456 | 117,456 | ||||||
| ltd | Reconciliation | of net debt | |||||
| At | 1 | At 31 | |||||
| September | August | ||||||
| 2022 | Cash Flows | 2023 | |||||
| 6 | 6 | f | |||||
| Cash and cash | equivalents | 121,887 | (14,782) | 107,105 | |||
| 121,887 | (14,782) | 107,105 | |||||
| Niit debt | 121,887 | (14,782) | 107,105 | ||||
| l7 | Related party | disclosures | |||||
| Conrroffing | party |
| for the year ende | d 31 | Au | gus | t 2023 |
||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | ReStrtcted | Total | Total | |||||||
| fund s | funds | funds | funds | |||||||
| 2023 | 2023 | 2023 | 2022 | |||||||
| f | E | f, | ||||||||
| income and endawments | from.' | |||||||||
| ponarions and legacies |
||||||||||
| Olferings & Donations |
Received | N],261 | 60,261 | 7','995 | ||||||
| Gift )4d | 8,036 | 8,036 | 8.460 | |||||||
| b8.297 | 68,297 | 79,455 | ||||||||
| invest ntent s | ||||||||||
| 44I3 | 440 | |||||||||
| 440 | 440 | |||||||||
| Dther | ||||||||||
| 874 | ||||||||||
| 874 | ||||||||||
| Total income and endowments | 68,737 | BD,335 | ||||||||
| Expenditure on; |
||||||||||
| Cha rltab Ie act iuit |
les | |||||||||
| 82,686 | 82,686 | 84,286 | ||||||||
| 82,686 | 82,686 | 84,286 | ||||||||
| Total af expenditure | on | charitable | 82,88& | 84.286 | ||||||
| activities | ||||||||||
| Genera I adrn in~st rat |
Ive | costs, | ||||||||
| including depreciation |
and | |||||||||
| a mortis ate n | ||||||||||
| t)epreclation | nf Equipmer | l | 1,396 | 1.396 | 1.367 | |||||
| Depreciation | of fixtures | 8 | 44 | 44 | 53 | |||||
| fittings | ||||||||||
| 1,440 | l,440 | ?,420 | ||||||||
| Total ofexpenditure | af | other costs | 1,440 | 1,420 | ||||||
| Total expenditure | 84.126 | 85,706 | ||||||||
| Net gains on investments | ||||||||||
| (1.'3, 369) | [15.3t39) | l5,371l | ||||||||
| hlet expen diture | ||||||||||
| Net expenditure | before | other | t15,389) | (1 5,389) | (5,371j | |||||
| gains/(lasses) | ||||||||||
| Other Gains | ||||||||||
| IVet movement | in funds | (15,389) | (15,389j | l5,371l | ||||||
| Reconclgztion offunds; | ||||||||||
| Total funds brought | .'orwarrt | 132,746 | 99 | 132,845 | 138,216 |