2023-04-30-accounts

Rev Richard Cook (to 28October 2022)
Dr Mohammed Girma
Rev Canon Mark Oxbrow
Dr David Singh
Dr Carol M Walker
Dr Kathryn Kraft
Dr Sanjay Patra (to 9January 2023)
Dr Philip Lewis (from 16January 2023)

			Notes	Unrestricted	Unrestricted	Restricted	2023	2022
					Funds	Funds	Total	Total
Income from."
Donations and legacies					198,535	45,865	244,400	297,909
Charitable activities					17,071		17,071	13,999
Investments					775		775	32
Total income					216,381	45,865	262,246	311,940
Expenditure on:
Raising funds					(39,088)		(39,088)	(39,767)
Charitable activities					(287,211)	(39,328)	(326,539)	(294,132)
Total Expenditure					(326,299)	(39,328)	(365,627)	(333,899)
Net income/(expenditure)			before gains on investments		(109,918)	6,537	(103,381)	(21,959)
Net gains/(losses)	on investments				1,816		1,816	(131)
Net movement on		funds			(108,102)	6,537	(101,565)	(22,090)
Transfer of Funds
Total funds brought		forward			207, 191	20,585	227,776	249,866
Total funds carried		forward			99,089	27,122	126,211	227,776

		Solomon Academic Trust
		Balance Sheet
		as at 30th April 2023
		Notes	2023	2022
Fixed Assets
Tangible assets		10		2,492
Current Assets
Trade debtors
Sundry Debtors 8	Prepayments		18,458	25,419
Cash at bank and	in hand		119,032	201,335
Total current assets			137,490	226,755
Creditors: Amounts	falling due within	one year
Trade creditors			(2,590)
Advance receipts
Accruals			(8,689)	(1,470)
Total current liabilities			(11,279)	(1,470)
Total net current assets			126,211	225,285
Total net assets			126,211	227,776
Represented by
Restricted funds		12	27,122	20,585
Unrestricted funds		12	99,089	207, 191
Total funds			126,211	227,776

		Unrestricted	Restricted	Total	Total
		Funds	Funds	2023	2022
Income from donations	and legacies
Donations received		125,739	2,624	128,363	89,146
Grants received from Bridge Trust USA		79,197	21,840	101,037	191,552
Other grants received			15,000	15,000	17,210
		204,936	39,464	244,400	297,909
Income from charitable	activities
Teaching income		13,116		13,116	13,000
Other income		3,955		3,955	999
		17,071		17,071	13,999
Income from investments
Interest income		775		775	32
		775		775	32

					Unrestricted	Restricted	Total	Total
					Funds	Funds	2023	2022
								E
	Cost of raising funds
	Salaries and related costs				36,?32		36,732	35,522
	Other direct costs				2,357		2,357	4,245
					39,089		39,089	39,767
6.	Expenditure on charitable		activities
	Centre for Iluslim-Christian			Studies:
	Salaries and related costs				111,618	3,000	114,618	119,320
	Courses, conferences	and lectures			31,638		31,638	8,737
	Other direct costs				27,788	15,126	42,914	40,953
	Grant-funding activities				6,667		6,667	5,000
	Total direct costs				177,711	18,126	195,837	174,010
	Support costs				86,026		86,026	82,450
	Total CMCS costs				263,737	18,126	281,863	256,460
	Reading the Bible in the Context ofIslam:
	Salaries and related costs				35,117		35,117	34,512
	Other direct costs
	Grant-funding ofactivities							3,160
	Total direct costs				35,117		35,117	37,672
	Support costs				9,558		9,558
	Total RBCIcosts				44,675		44,675	37,672
	Total expenditure on charitable			activities	308,412	18,126	326,538	294,132

Analysis of	support costs
		2023	2022
Premises costs		39,023	32,463
Salaries and	related costs	38,241	36,308
Office costs		13,805	10,200
independent	Examiner	1,500	770
Depreciation		2,492	2,400
Travel		525	309
Total support	costs	95,586	82,450

Fixed assets
	Fixtures
	8 fittings	Total
Cost
At 1st May 2022	17,224	17,224
At 30th April 2023	17,224	17,224
Depreciation
At 1st May 2022	14,732	12,332
Charge for the year	2,492	2,400
At 30th April 2023	17,224	14,732
Net book value
At 1st May 2022	2,492	4,892
At 30th April 2023		2,492
Sundry debtors and prepayments
	2023	2022
Lease deposit paid	14,000	14,000
Prepayments	1,258	5,937
Gift aid tax recoverable
"Match" funds receivable	3,200	5,483
Total	18,458	25,419

		Balance	Incoming	Direct	Support	Gains/losses	Transfers	Balance
		01.05.22	resources	costs	costs	on investments		30.04.23
Restricted funds
Langham fund		20,585	15,000	(17,252)				18,333
CRIB fund			2,624	(874)				1,750
Motaz al Thaher			28,241	(21,202)				7,039
Total restricted	funds	20,585	45,865	(39,328)				27,122
Unrestricted	funds
General fund		207,191	216,381	(230,714)	(95,585)	1,816		99,089
Total funds		227,776	262,246	(270,042)	(95,585)	1,816		126,211

			Unrestricted	Restricted	Total
			Funds	Fundsf	2023
Fund balances at 30th April 2023as represented		by
Tangible	fixed assets
Current	assets		110,368	27,122	137,490
Current	liabilities		(11,279)	-	(11,279)
			99,089	27,122	126,211
			Unrestricted	Restricted	Total
			Funds	Funds	2022
Fund balances at 30th April 2022 as represented		by
Tangible	fixed assets		2,492		2,492
Current	assets		206,170	20,585	226,755
Current	liabilities		(1,470)		(1,470)
			207,191	20,585	227,776