Heart Jewel Kadampa Buddhist Centre
(A company limited by guarantee)
Report and Unaudited Financial Statements For the Year Ended 31 December 2023
Registered Charity number 1124913 Registered Company number 06485934
Heart Jewel Kadampa Buddhist Centre (A company limited by guarantee) Registered Charity number: 1124913
Report and Financial Statements For the Year Ended 31 December 2023
| Pages | |
|---|---|
| Reference and administrative details of the charity, its trustees and advisers | 3 |
| Trustees' report | 4 to 6 |
| Independent Examiner’s Report | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 |
| Notes forming part of the financial statements | 10 to 16 |
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Heart Jewel Kadampa Buddhist Centre
(A Company Limited by Guarantee)
Reference and administrative details of the charity, its trustees and advisers for the year ending 31 December 2023
T Oliver-Walsh (appointed 16 February 2024) R Brunt (appointed 16 February 2024) C Bannister (appointed 16 February 2024) C Turner (resigned 16 February 2024) D King (resigned 16 February 2024) J Andrews (resigned 16 February 2024)
Trustees: T Oliver-Walsh (appointed 16 February 2024) R Brunt (appointed 16 February 2024) C Bannister (appointed 16 February 2024) C Turner (resigned 16 February 2024) D King (resigned 16 February 2024) J Andrews (resigned 16 February 2024) Charity Name: Heart Jewel Kadampa Buddhist Centre 1124913 Registered Company number 06485934 Registered Office address: Glenholme Holme Road Matlock Bath Matlock DE4 3NU Company Secretary: B Griffiths Independent Examiner: Ruth Howie CA 137 Hilton Avenue Aberdeen AB24 4LL
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Heart Jewel Kadampa Buddhist Centre
(A Company Limited by Guarantee)
TRUSTEES’ REPORT - FOR THE YEAR ENDED 31 DECEMBER 2023
The trustees present their annual report together with the financial statements of the company for the year 1 January 2023 to 31 December 2023. The Trustees confirm that the Annual Report and financial statements of the company comply with the current statutory requirements, the requirements of the company's governing document and 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 (FRS 102) (effective 1 January 2015). This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies’ exemption.
Objectives and Activities
The aims of the charity are to help people, both Buddhist and non-Buddhist, gain greater happiness, peace of mind and clarity in their daily lives. It aims to make the teachings of meditation and Buddhism available in an accessible and practical format, promoting inner and outer peace.
The Centre specifically promotes the teachings of the Buddha through the Kadam lineage, under the guidance of Venerable Geshe Kelsang Gyatso and New Kadampa Tradition - International Kadampa Buddhism Union. It is linked by this tradition of Buddhism and our Spiritual Guide to many Kadampa Buddhist Centres throughout the world, but it is financially independent from these.
As stated in our Memorandum and Articles of Association the objects of the Charity are to promote the Buddhist faith under the spiritual guidance of the elected General Spiritual Director of the New Kadampa Tradition-International Kadampa Buddhist Union (NKT-IKBU), principally through the activities of teaching, study,
practice and the observance of moral discipline all within the Mahayana Buddhist Tradition of Atisha and Je Tsongkhapa as taught by Venerable Geshe Kelsang Gyatso the founder of the NKT-IKBU.
The Charity aims to provide tranquility and spiritual teachings to enable students to learn to meditate, study and practice as set out in the objectives.
Achievements and Performance
Heart Jewel is a residential Kadampa Buddhist meditation Centre and bookshop, set up in 2008, and located in Matlock Bath. The Centre is a registered charity, a non-profit religious organisation established, organised, and operated for religious purposes. It is home to three residents and the Centre's teacher.
The Centre predominantly serves the people of the North East Derbyshire / Derbyshire Dales / Amber valley area, but also attracts people from further afield for day courses and helps visitors to Derbyshire maintain their meditation practice.
Meditation classes
Meditation classes are available for beginners and non-Buddhists, through to advanced meditations for more experienced practitioners. Everyone is welcome. Teachings are centred on developing compassion and wisdom to solve our problems and make progress to greater happiness and wellbeing though meditations and teachings, training our mind to be more peaceful and stress free.
Our classes cover 8 principal areas:
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Introduction to Buddhism
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Meditation and mindfulness for beginners
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Positive thinking - boosting our positive qualities and well-being
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Mental Health - methods to reduce mental problems such as loneliness and anxiety
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Transforming lives - life skills for coping with adversity and stress
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Actions for happiness - building rewarding lives around positive actions that benefit others in the community
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Improving relationships - building lasting and fulfilling relationships with others
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In-depth Buddhism
The Heart Jewel Centre has a resident teacher, a Kadampa Buddhist nun who teaches the majority of classes and provides support and guidance to those attending the Centre.
The General Program
Heart Jewel Centre runs weekly drop-in meditation classes Tuesday to Saturday including mornings and evenings. Classes are held at the Centre and at ‘branches’ throughout the surrounding area (in Chesterfield, Alfreton and Belper).
The Foundation Program
This study program is run on Sundays and is available for people who can commit to a longer-term program of study and practice. This program includes discussion classes to help people deepen their practical understanding.
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Heart Jewel Kadampa Buddhist Centre
(A Company Limited by Guarantee)
TRUSTEES’ REPORT - FOR THE YEAR ENDED 31 DECEMBER 2023 continued
Day courses and retreats
The Centre runs regular meditation courses and retreats throughout the year. These are held mainly at the Centre but also at venues in towns across the region and other residential Kadampa Centres in the UK. Other events and activities include free public talks, visits to local community groups and daily prayers.
Community and fundraising events
The Centre is open to visits from schools and other local community groups. More and more people are accessing our courses on how to use meditation to overcome stress and anxiety, as these are so prevalent post pandemic.
Review of activities and future plans
At Heart Jewel Centre in 2023 two general classes were held weekly as well as half day courses, and the more in depth foundation programme classes, retreats and prayers. The numbers of attendees continued to rise (by 25% as indicated by the class income). The Selston branch moved back to the Alfreton area, and classes in Belper and Chesterfield continued with good attendance.
Internal renovations of the residents areas were completed, of the kitchen, bathroom and hall, stairs and landing. Two of the residents rooms were also fully re-furbished including new flooring. This enabled all residents rooms to be let.
Our day course attendance has started to almost exceed our capacity (at 30) and in 2024 we are fund-raising and looking at options for re-location, with the aim to find somewhere with a bigger meditation room, more residential rooms for people to stay, both on long and short term basis for retreat, and to be able to have a space easily accessible, enjoyable and beneficial for all.
Financial position
During the year ended 31 December 2023, the charity showed a net surplus of £8,001 (2022- net deficit of £4,338). Membership income has increased by £3,698 and rental income by £4,354 compared to 2022. Property costs were higher last year due to renovation work. A property revaluation has also been incorporated into the accounts, resulting in a gain of £130,050. Total charity funds have increased to £266,292 (2022 - £128,241).
Reserves policy
The trustees consider that a level of free reserves should be retained in liquid funds equivalent to cover six months overhead expenditure to maintain the basic operations of the charity and provide some surety against adverse financial events.
Investment policy
The trustees consider that minimal risk should be taken regarding investments and consequently have a policy to place funds on deposit only, to earn interest.
Structure, Governance and Management
Governing Document
The Charity is constituted as a company limited by guarantee under the Companies Act and governed by its Memorandum and Articles of Association. It is also a registered charity.
In the event of winding up each member guarantees to pay a maximum of £10 towards the payment of creditors.
Trustee Recruitment and Training
Trustees are recruited form within the Centre or from similar centres so that they have knowledge and understanding of the Charity's aims and workings. Each trustee is guided by the current trustees and other members of the organisation principally the Resident Teacher and can obtain advice from other trustees and members of other Centres following the same aims and objects as ourselves.
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Heart Jewel Kadampa Buddhist Centre (A Company Limited by Guarantee)
TRUSTEES’ REPORT - FOR THE YEAR ENDED 31 DECEMBER 2023 continued
Related parties and co-operation with other organisations
The Charity is a member of the New Kadampa Tradition- International Kadampa Buddhist Union (NKT- IKBC) which is made up of many centres throughout the world with the same objects. They are however all independent charities linked by their objects and there is no financial dependency between them although occasionally funds may pass between centres to fulfil aims and objectives.
Trustees' responsibilities statement
The Trustees (who are also the directors for the purposes of Company Law) are responsible for preparing the Trustees’ report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year. Under Company Law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company, and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently; • observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue to operate.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In accordance with company law, as the company's directors, we certify that:
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as far as we are aware, there is no relevant information of which the company's independent examiner is unaware; and
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as the directors of the company we have taken all the steps that we ought to have taken in order to make ourselves aware of any relevant information and to establish that the charity's independent examiner is aware of that information.
This report was approved by the Trustees, on 19 April 2024 and signed on their behalf by:
__________ Rachel Brunt - Trustee
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Heart Jewel Kadampa Buddhist Centre
(A Company Limited by Guarantee)
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2023
Independent Examiner’s Report to the Trustees of Heart Jewel Kadampa Buddhist Centre
I report on the financial statements of the company for the year ended 31 December 2023, which are set out on pages 8 to 16.
Responsibilities and basis of report
As the charity's trustees of the Company (and also 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.
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 your charity's accounts as 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:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
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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.
Signed:
Ruth Howie CA, Aberdeen, on 19 April 2024
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Heart Jewel Kadampa Buddhist Centre
(A Company Limited by Guarantee)
Statement of Financial Activities (including Income and Expenditure Account) for the Year ended 31 December 2023
| Notes Income: Donations and legacies 3 Income from charitable activities 4 Other trading activities 5 Investment income 6 Total income Raising funds 9 Charitable activities 9 Total expenditure Net income/(expenditure) Gains on revaluation of fixed assets Net movement in funds for the year 21 Reconciliation of funds: Total funds brought forward Total funds carried forward 20 |
Unrestricted Funds 2023 £ 2,302 38,412 997 30 41,741 147 33,593 33,740 8,001 130,050 138,051 128,241 266,292 |
Total Funds 2023 £ 2,302 38,412 997 30 41,741 147 33,593 33,740 8,001 130,050 138,051 128,241 266,292 |
Total Funds 2022 £ 2,645 29,917 909 - 33,471 344 37,465 37,809 (4,338) - (4,338) 132,579 128,241 |
|---|---|---|---|
Statement of total recognised gains and losses
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 10 to 16 form part of these accounts
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Heart Jewel Kadampa Buddhist Centre
(A Company Limited by Guarantee)
Balance Sheet as at 31 December 2023
| Fixed Assets: Notes Tangible assets – Property 15 Tangible assets – Equipment 15 Total fixed assets Current assets: Stock 16 Cash at bank and in hand Total current assets Liabilities: 17 Other creditors and accruals 17 Total current liabilities Net current assets or liabilities Total assets less current liabilities Creditors: Amounts falling due after more than one year Bank loan 18 Other loan 18 Total long term liabilities Total net assets or liabilities 20 The funds of the charity: Unrestricted funds Revaluation reserve Total charity funds (all unrestricted) 21 |
2023 £ 300,000 1,051 928 17,530 3,000 1,060 45,657 3,500 136,242 130,050 |
2023 £ 301,051 18,458 4,060 14,398 315,449 49,157 266,292 266,292 |
2022 £ 169,950 1,314 12,830 3,250 365 48,238 4,000 128,241 - |
2022 £ 171,264 12,830 3,615 9,215 180,479 52,238 128,241 128,241 |
|---|---|---|---|---|
The company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The trustees consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 (the Act) and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act.
The Trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements were approved & authorised for issue by the trustees on 19 April 2024, and signed on their behalf by:
Rachel Brunt
Trustee
The notes on pages 10 to 16 form part of these accounts
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Heart Jewel Kadampa Buddhist Centre
(A Company Limited by Guarantee)
Notes forming part of the Financial Statements for the year ended 31 December 2023
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Glenholme, Holme Road, Matlock Bath, Matlock, DE4 3NU.
2.Accounting Policies
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
a) Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) and the Companies Act 2006.
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
The financial statements are prepared in sterling, which is the functional currency of the entity.
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
b) Going concern basis
The trustees are satisfied that the accounts are prepared on a going concern basis, with no material uncertainties about the charity's ability to continue.
c) Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
• income from donations or grants is recognized when there is evidence of entitlement to the gift, receipt is probable, and its amount can be measured reliably.
• legacy income is recognized when receipt is probable, and entitlement is established.
• income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognized in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
• income from contracts for the supply of services is recognized with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
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Heart Jewel Kadampa Buddhist Centre
(A Company Limited by Guarantee)
Notes to Financial Statements for the year ended 31 December 2023 continued
d) Resources expended
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 the settlement and the amount of the obligation can be measured reliably. All income and expenditure are accounted for gross, that is without netting off.
Costs are recognized as they are incurred that is on an accruals basis and are allocated to the type of income to which they relate and are apportioned on a reasonable basis if required depending on the type of expense.
e) Tangible fixed assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation is calculated to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset. Residual value is based on the sales price which could currently be obtained on the open market, less estimated selling costs. Depreciation rates used are as follows:
Property - 2% straight line
Motor vehicles - 20% reducing balance
f) Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
g) Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the charity will comply with the conditions attaching to them and the grants will be received.
Where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
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Heart Jewel Kadampa Buddhist Centre
(A Company Limited by Guarantee)
Notes to Financial Statements for the year ended 31 December 2023 continued
h) Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. The charity 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. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
i) Taxation
The charity is exempt from corporation tax on its charitable activities.
j) 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.
Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use or a specific purpose.
Restricted funds are funds that have been donated or raised for a specific purpose imposed by the donor or the way the funds have been raised. These funds must be expended in accordance with the restriction when raised.
Investment income, gains and losses are allocated to the appropriate fund.
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Heart Jewel Kadampa Buddhist Centre
(A Company Limited by Guarantee)
Notes to Financial Statements for the year ended 31 December 2023 continued
3. Income from donations and legacies
| General donations Grants received 4. Income from charitable activities Memberships Day courses, events, retreats Rental income 5. Income from other trading activities Dharma shop income Fundraising events Sale of furniture 6. Investment income Bank interest received 7. Costs of other trading activities Shop costs 8. Incoming resources for the year This is stated after charging: Depreciation Loan interest |
Unrestricted 2023 £ 2,302 - 2,302 Unrestricted 2023 16,810 6,021 15,581 38,412 Unrestricted 2023 £ 713 284 - 997 Unrestricted 2023 £ 30 Unrestricted 2023 £ 147 Unrestricted 2023 £ 263 4,742 5,005 |
2023 Total £ 2,302 - 2,302 2023 Total 16,810 6,021 15,581 38,412 2023 Total £ 713 284 - 997 2023 Total £ 30 2023 Total £ 147 2023 Total £ 263 4,742 5,005 |
2022 Total £ 2,645 - 2,645 2022 Total £ 13,112 5,578 11,227 29,917 2022 Total £ 704 95 110 909 2022 Total £ - 2022 Total £ 344 2022 Total £ 329 3,297 3,626 |
|---|---|---|---|
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Heart Jewel Kadampa Buddhist Centre
(A Company Limited by Guarantee)
Notes to Financial Statements for the year ended 31 December 2023 continued
9. Expenditure on charitable activities by fund type
| Charitable activities Support costs |
Unrestricted Total Unrestricted Total 2023 2023 2022 2022 £ £ £ £ 27,998 27,998 31,847 31,847 5,742 5,742 5,618 5,618 33,740 33,740 37,465 37,465 |
|---|---|
10. Expenditure on charitable activities by activity type
| Charitable activities Governance costs 11. Analysis of support costs General office Finance costs Governance costs Support costs - Teachers support 12. Independent examination fees Independent examination fees |
Activities Undertaken Support Total funds Total funds Directly Costs 2023 2022 £ £ £ £ 27,998 5,742 33,740 36,590 - - - 875 31,847 5,742 33,740 37,465 Unrestricted 2033 Unrestricted Total 2033 Total 2022 2022 £ £ £ £ 18 18 13 13 4,742 4,742 3,297 3,297 - - 875 875 982 982 1,433 1,433 5,742 5,742 5,618 5,618 Unrestricted Total Unrestricted Total 2023 2023 2022 2022 £ £ £ £ - - 875 875 |
|---|---|
13. Trustee remuneration and expenses
During the year, no Trustees received any remuneration (2022 - £NIL).
During the year, Trustee C Turner received £946 (2022 - £756) and Trustee D King received £426 (2022 - £392) in relation to reimbursement of expenses incurred on behalf of the centre.
14. Staff Costs
The average number of staff, of persons employed by the charity during the year was 1 (2022 - 1). No employee received remuneration amounting to more than £60,000 in either 2023 or the prior year.
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Heart Jewel Kadampa Buddhist Centre
(A Company Limited by Guarantee)
Notes to Financial Statements for the year ended 31 December 2023 continued
15. Tangible Fixed Assets
| Cost or valuation: Cost as at 1 January 2023 Additions Revaluation Cost as at 31 December 2023 Accumulated Depreciation as at 1 January 2023 Depreciation for the year Accumulated Depreciation as at 31 December 2023 NBV at 31 December 2023 NBV at 31 December 2022 |
Land and Buildings Equipment Total £ £ £ 169,950 4,060 174,010 - - - 130,050 - 130,050 300,000 4,060 304,060 - 2,746 2,746 - 263 263 - 3,009 3,009 300,000 1,051 301,051 169,950 1,314 171,264 |
|---|---|
The property was valued independently by Fidler Taylor in April 2024. A market value of £300,000 was estimated. As the residual value of the property is considered to be greater than or equal to the carrying value, no depreciation has been charged.
If the building had not been revalued, the carrying value would be the historical cost of £142,550.
16. Stocks
| Shop stock 17. Creditors Amounts falling due within one year Bank loans Accommodation deposits 18. Creditors: Amounts falling due after more than one year Bank loans Other loans 19. Secured loan Amounts repayable by instalments: Within one year (note 15) Within one and two years (note 16) Within two and five years (note 16) After more than five years (note 16) |
2023 £ 928 2023 £ 3,000 1060 4,060 2023 £ 45,657 3,500 49,157 2023 £ 3,000 3,000 9,000 33,657 48,657 |
2022 £ - 2022 £ 3,250 365 3,615 2022 £ 48,238 4,000 52,238 2022 £ 3,250 3,250 9,750 35,238 51,488 |
|---|---|---|
The loan is secured on the property Glenholme, Holme Road, Matlock Bath. The loan is repayable in monthly instalments to cover capital and interest.
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Heart Jewel Kadampa Buddhist Centre
(A Company Limited by Guarantee)
Notes to Financial Statements for the year ended 31 December 2023 continued
20. Analysis of net Assets between funds
| Fixed assets - property and equipment Current assets Current liabilities Long- term liabilities Net assets 21. Movement in funds Restricted Funds Unrestricted Funds: General funds Designated funds Total unrestricted funds Total Funds Restricted Funds Unrestricted Funds: General funds Designated funds Total unrestricted funds Total Funds |
General funds Restricted funds Total funds 2023 Total funds 2022 (all general) £ £ £ £ 301,051 - 301,051 171,264 18,458 - 18,458 12,830 (4,060) - (4,060) (3,615) (49,157) - (49,157) (52,238) 266,292 - 266,292 128,241 At 1 Jan 2023 Incoming resources (Inc. gains) Outgoing resources At 31 Dec 2023 £ £ £ £ - - - - 128,241 171,791 33,740 266,292 - - - - 128,241 171,791 33,740 266,292 128,241 171,791 33,740 266,292 At 1 Jan 2022 Incoming resources (Inc. gains) Outgoing resources At 31 Dec 2022 £ £ £ £ - - - - 132,579 33,471 37,809 128,241 - - - - 132,579 33,471 37,809 128,241 132,579 33,471 37,809 128,241 |
|---|---|
Purpose of General funds
This fund is made up of donations for the purpose of using in relation to the general objects of the charity.
Purpose of Designated funds:
No funds were designated in the year ended 31 December 2023 or the previous year.
Purpose of Restricted funds:
No funds were restricted in the year ended 31 December 2023 or the previous year.
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