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|Rev Richard Cook (to 28October 2022)|
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|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)|
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||||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|
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|||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|
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|||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|
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||||||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|
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|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|
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|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|
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|||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|
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||||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|
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