2023-08-31-accounts - Colchester Korban Project

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		Page
Legal and administrative	information
Independent examination	report
Statement of Financial Activities
Balance Sheet
Notes forming part ofthe	financial statements	5-8

Trustees:			Rev. A Bushell, Chair	Rev. A Bushell, Chair
			Ms S Lee (Resigned 30September 2022)
			Mr R Pagden (Resigned 6January 2023)
			Miss N Sirett
			Mr D Cotterill (Resigned 8August 2023)
			Mr TYoung
Registered	charity number:		1125617
Registered	company	number:	06630415
Registered	office:		Bethany Place
			St Anne's Vicarage
			Compton Road
			Colchester
			Essex
			CO4 4BQ
independent	examiner:		Community360
			Winsley's House
			High Street
			Colchester
			Essex
			CO1 1UG
Bankers:			The Co-Operative	Bank
			PO BOX250
			Skelmersdale
			WNS 6WT

		Unrestricted	Designated	Restricted	2023	2022
	Note	Fund	Fund	Fund	Total	Total
					E
Incoming resources from
generated funds
Donations and legacies		20,841			20,841	23,063
Incoming resources from charitable activities		83,222		4,500	S7,722	72,880
Total incoming resources		104,063		4,500	108,563	95,943
Resources expended
Charitable activities		107,742		23,0S9	130,831	124,588
Total resources expended		107,742		23,089	130,831	124,588
Net incoming resources before transfers		(3,679)		(18,589)	(22,268)	(28,645)
Exceptional items		250,000			250,000
Gross transfers between funds		(106)		106
Net income for the year		246,215		(18,483)	227,732	(28,645)
Total funds brought forward at 1September 2022		9,052	22,000	21,739	52,791	81,436
Total funds carried forward at 31August 2023	8	255,287	22,000	3,255	280,523	52,791

					2023	2022
				Notes	K
Fixed assets
Tangible assets					252,798	253,498
Current assets
Debtors					2,046
Cash at bank and	in	hand			26,164	49,778
					28,210	49,778
Creditors: amounts		falling			485	485
due within one year
Net total assets/(current			liabilities)		280,523	302,791
Long term liabilities
Long term loan						250,000
Total assets less	total liabilities				280,523	52,791
Funds ofthe charity
Unrestricted funds					255,267	9,052
Restricted funds					3,256	21,739
Designated funds					22,000	22,000
Total Funds					280,523	52,791

==> picture [485 x 63] intentionally omitted <==

Incoming	resources from	Unrestricted	Restricted	Total	Total
charitable activities		Fund	Fund	2023	2022
Colchester Borough Council		46,930		46,930	57,881
Residents' Resident	rent rental bursaries *	16,541 7,878		16,541 7,878	7,781
Personal	Charges	3,581		3,581	4,507
Grants		8,167	4,500	12,667	1,941
Other		125 sr2n		125	770

Grants Other			, 8,167 125 sr2n	, 8,167 125 sr2n	4,500 , 12,667 125 , 1,941 770	4,500 , 12,667 125 , 1,941 770	4,500 , 12,667 125 , 1,941 770
The resident	rental bursaries		ofE7,878, was not a monetary amount		that was received in the financial
year. The charity transferred			funds as a bursary to the client's	rent accounts which is also shown as an
expense.
Charitable	activities		Unrestricted	Restricted		Total	Total
			Fund	Fund		2023	2022
Staff costs			72,040		17,582	89,622	85,588
Staff expenses		inc. travel	675		133	808	140
Training			392		70	462	460
Rental bursaries*			7,878			7,878
Insurance			1,489			1,489	940
Repairs & upkeep Rent 8 Rates			3,581 4, '121		991 1,875	4,572 5,996	5,378 6,11?
Utilities			6,545			6,545	7,188
Communal	household		4,239		1,759	5,998	5,174
Misc							20
Office costs			2,005		60	2,065	2,969
Loan interest			2,917			2,917	8,750
Depreciation			81			700	898
			105,963		23,089	129,052	123,622
Governance	costs
Accountancy	8	legal	1,779			1,779
			107,742		23,089	130,831	124,588

Creditors: amounts	falling due within one year	Total	Total
		2023	2022
Accruals		485		485
		485		485
Creditors: amounts	falling due after more than one year	Total	Total
		2023	2022
Loan due after more	than one year		250,000
			250,000

7.	Tangible assets		Fixtures 8	Computer
			fittings f	equipment F	Property R	Total
	Cost 01/09/2022		6,099	280	250,000	256,379
	Additions Cost 31/08/2023		~6,0 9	280	~50,000	2525PT I
	Depreciation at 01/09/2022 Depreciation for year Depreciation at 31/08/2023		2,601 280 70Q~~~o 3, 0			2,881 700
	Net Book Value 31/08/2023
	Net Book Value 31/08/2022
8.	Funds	Balance B/F	Income	Expenditure	Transfers	Balance C/F
			E
	Unrestricted	9,052	354,063	(107,742)	(106)	255,267
	Designated	22,000				22,000
	Restricted	21,739	4,500	(23,089)	106	3,256
	Total Funds	52,791	M8,563	~130,831		280,523

The desi	gnated funds represent a cont	ingency fund should the Ch	arity cease acti	vities.
		Unrestricted	Designated f	Restricted	Total
Fixed assets		250,322		2,476	252,798
Cash at	bank and in hand	5,430	22,QQQ	780	28,210
Current	liabilties	(485)			(485)
Long term libailities
Total		255,267	22,000	3,256	280,523

		Page
Legal and administrative	information
Independent examination	report
Statement of Financial Activities
Balance Sheet
Notes forming part ofthe	financial statements	5-8

Trustees:			Rev. A Bushell, Chair	Rev. A Bushell, Chair
			Ms S Lee (Resigned 30September 2022)
			Mr R Pagden (Resigned 6January 2023)
			Miss N Sirett
			Mr D Cotterill (Resigned 8August 2023)
			Mr TYoung
Registered	charity number:		1125617
Registered	company	number:	06630415
Registered	office:		Bethany Place
			St Anne's Vicarage
			Compton Road
			Colchester
			Essex
			CO4 4BQ
independent	examiner:		Community360
			Winsley's House
			High Street
			Colchester
			Essex
			CO1 1UG
Bankers:			The Co-Operative	Bank
			PO BOX250
			Skelmersdale
			WNS 6WT

		Unrestricted	Designated	Restricted	2023	2022
	Note	Fund	Fund	Fund	Total	Total
					E
Incoming resources from
generated funds
Donations and legacies		20,841			20,841	23,063
Incoming resources from charitable activities		83,222		4,500	S7,722	72,880
Total incoming resources		104,063		4,500	108,563	95,943
Resources expended
Charitable activities		107,742		23,0S9	130,831	124,588
Total resources expended		107,742		23,089	130,831	124,588
Net incoming resources before transfers		(3,679)		(18,589)	(22,268)	(28,645)
Exceptional items		250,000			250,000
Gross transfers between funds		(106)		106
Net income for the year		246,215		(18,483)	227,732	(28,645)
Total funds brought forward at 1September 2022		9,052	22,000	21,739	52,791	81,436
Total funds carried forward at 31August 2023	8	255,287	22,000	3,255	280,523	52,791

					2023	2022
				Notes	K
Fixed assets
Tangible assets					252,798	253,498
Current assets
Debtors					2,046
Cash at bank and	in	hand			26,164	49,778
					28,210	49,778
Creditors: amounts		falling			485	485
due within one year
Net total assets/(current			liabilities)		280,523	302,791
Long term liabilities
Long term loan						250,000
Total assets less	total liabilities				280,523	52,791
Funds ofthe charity
Unrestricted funds					255,267	9,052
Restricted funds					3,256	21,739
Designated funds					22,000	22,000
Total Funds					280,523	52,791

==> picture [485 x 63] intentionally omitted <==

Incoming	resources from	Unrestricted	Restricted	Total	Total
charitable activities		Fund	Fund	2023	2022
Colchester Borough Council		46,930		46,930	57,881
Residents' Resident	rent rental bursaries *	16,541 7,878		16,541 7,878	7,781
Personal	Charges	3,581		3,581	4,507
Grants		8,167	4,500	12,667	1,941
Other		125 sr2n		125	770

Grants Other			, 8,167 125 sr2n	, 8,167 125 sr2n	4,500 , 12,667 125 , 1,941 770	4,500 , 12,667 125 , 1,941 770	4,500 , 12,667 125 , 1,941 770
The resident	rental bursaries		ofE7,878, was not a monetary amount		that was received in the financial
year. The charity transferred			funds as a bursary to the client's	rent accounts which is also shown as an
expense.
Charitable	activities		Unrestricted	Restricted		Total	Total
			Fund	Fund		2023	2022
Staff costs			72,040		17,582	89,622	85,588
Staff expenses		inc. travel	675		133	808	140
Training			392		70	462	460
Rental bursaries*			7,878			7,878
Insurance			1,489			1,489	940
Repairs & upkeep Rent 8 Rates			3,581 4, '121		991 1,875	4,572 5,996	5,378 6,11?
Utilities			6,545			6,545	7,188
Communal	household		4,239		1,759	5,998	5,174
Misc							20
Office costs			2,005		60	2,065	2,969
Loan interest			2,917			2,917	8,750
Depreciation			81			700	898
			105,963		23,089	129,052	123,622
Governance	costs
Accountancy	8	legal	1,779			1,779
			107,742		23,089	130,831	124,588

Creditors: amounts	falling due within one year	Total	Total
		2023	2022
Accruals		485		485
		485		485
Creditors: amounts	falling due after more than one year	Total	Total
		2023	2022
Loan due after more	than one year		250,000
			250,000

7.	Tangible assets		Fixtures 8	Computer
			fittings f	equipment F	Property R	Total
	Cost 01/09/2022		6,099	280	250,000	256,379
	Additions Cost 31/08/2023		~6,0 9	280	~50,000	2525PT I
	Depreciation at 01/09/2022 Depreciation for year Depreciation at 31/08/2023		2,601 280 70Q~~~o 3, 0			2,881 700
	Net Book Value 31/08/2023
	Net Book Value 31/08/2022
8.	Funds	Balance B/F	Income	Expenditure	Transfers	Balance C/F
			E
	Unrestricted	9,052	354,063	(107,742)	(106)	255,267
	Designated	22,000				22,000
	Restricted	21,739	4,500	(23,089)	106	3,256
	Total Funds	52,791	M8,563	~130,831		280,523

The desi	gnated funds represent a cont	ingency fund should the Ch	arity cease acti	vities.
		Unrestricted	Designated f	Restricted	Total
Fixed assets		250,322		2,476	252,798
Cash at	bank and in hand	5,430	22,QQQ	780	28,210
Current	liabilties	(485)			(485)
Long term libailities
Total		255,267	22,000	3,256	280,523