Colchester Korban Project is a Charitable Company Limited by Guarantee i.e. a company not having a share capital. Our memorandum and articles of association were incorporated on 25 "! June 2008 138�438I�4438N38�3�0�3.�3�� and amended at an EGM on 16%["!] 3C5@K3# # 3 July 2020 to better reflect our ethos and update some articles regarding membership. "! The charity was registered on 27 August 2008. The trustees meet 5 times a year. Decisions are reached by a majority of votes, providing a quorum of 2 voting members is present (or a tenth of the total number of persons entitled to vote, whichever is the greater). We have a robust process for appointing new trustees including vetting and appropriate checks that they are eligible to serve in this way, which is available on request. The trustees serving during this year were: Revd Anthony Bushell (Chair), Nicky Sirett, Richard Spencer (appointed 22"4 $� May 2024) and Cllr Tim Young. Day to day management of the charity is designated to the Chief
/ : James, sZ^`Qgsm^egUn aged 23*
HADB@GD=FC?E<;@> CHAIRMANS REPORT
; ����������������������� Public Benefit Statement
dxpbi^
]^lg[xlvsqg_lx\^b]gtgsgdislt]svp^gdxZjsqY{gdislt]YgqxWgVVUoTVwgdxZjsqYgqxWgSTTnSrVoh Colchester a uuu{zxlvsq{xlm{kzh www.korban.org.uk Korban Project is a Charitable Company. Charity no: 1125617 Company no: 06630415 _s]lxqWgyi^ga]{ga^fe{gaxm^lgRxlltQgPtixjgxcgdxpbi^]^lgsqeh Patrons: The Rt. Revd. Roger Morris, Bishop of Colchester and yi^gX^q^lsvp^gak]ig_s]]^qQgOlbie^sbxqgxcgdxpbi^`]^l The Venerable Ruth Patten, Archdeacon of Colchester
ml�`}�hlm�hy}e action can do.
with him. Thanks also to our many donors and supporters who through their generosity ensure that the vital work of X}rnm�hl}��`��czb Korban continues.
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������������������������ CHIEF EXECUTIVE’S REPORT
m « The National Lottery Reaching Communities grant of £166,643, which started in August, will make a significant
m
m ¢ We received a small grant from the Leathersellers for £5,000 and then were chosen to be one of 4 charities to benefit
m * Colchester Catalyst £2,450 for training programme running Jan — Dec 2024
m
m * Kingsland Church gave us £5,000 to kick off our property fund in addition to their regular giving. Equippers got involved
m « Lent lunches were organised by Langham with Boxted, Great Horkesley, West Bergholt, Little Horkesley, Mount Bures
m * Several businesses have supported Korban for the first time this year and there has been an increase in individuals
m * Mimi's clothing boutique run by our very own Michelle Percival held a successful event, Colchester Round table raised
enabled us to help them get the items they need to set up home and also provide significant move-on support from our "M8$
������������������� Sabbatical Research +XU><>LOKX?PK+X9DL:>?TWK@DX?T>?TK9DLK,4/:OLK4.KD4UL<LOO?LOO*J Families and Fathering: Changing the course of homelessness.
noqpmlkjqmhlhlikgqoiqmffe Korban Training Programme
The UK has one of the highest rates of “family breakdown” in the developed world.' 3H Also in the UK, young people continue to be over-represented in homelessness services. It is consistently recognised? that “relationship breakdown between young people and their family or primary caregivers is the leading cause of youth homelessness” (Homeless Link).® � This
�)�#���F!#�!))9�� and table tennis.
-
-
-
¢
-
- � *
Now| have a steady job| feel it’s the right time to move out of Korban and go and live with my brother who has his own ����!#9)#��!#��!�Q house in the area.
COLCHESTER KORBAN PROJECT
Charity number 1125617 Company number 06630415
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
COLCHESTER KORBAN PROJECT
CONTENTS FOR THE YEAR ENDED 31 AUGUST 2024
| Page | |
|---|---|
| Legal and administrative information | 1 |
| Independent examination report | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Notes forming part of the financial statements | 5 - 8 |
COLCHESTER KORBAN PROJECT
LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 AUGUST 2024
| Trustees: | Rev. A Bushell, Chair |
|---|---|
| Miss N Sirett | |
| Mr T Young | |
| Mr R Spencer (Appointed 22nd May 2024) | |
| 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 BOX 250 | |
| Skelmersdale | |
| WN8 6WT |
1
COLCHESTER KORBAN PROJECT
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 AUGUST 2024
I report on the accounts of Colchester Korban Project for the year ended 31st August 2024 which are set out on pages 3 to 8.
Respective responsibilities of trustees and examiner
The Charity’s Trustees are responsible for the preparation of the accounts. The Charity’s Trustees consider that an audit is not required for this year (under section 144 (2) of the Charities Act 2011 (The Act) but that an independent examination is needed.
It is my responsibility to:
-
Examine the accounts under section 145 of the Charities Act,
-
To follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the Charities Act, and
-
To state whether particular matters have come to my attention.
Basis of independent examiner’s Statement
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes considerations of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
In the course of my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did not comply with the applicable requirements concerning the form and content of the accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
I 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.
Shelley Rudling FMAAT AATQB for and on behalf of: Community360 belo
Community360
Winsley’s House, High Street, Colchester, Essex
Date
27/01/2025
2
COLCHESTER KORBAN PROJECT
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024
| Note Incoming resources from generated funds Donations and legacies 2 Incoming resources from charitable activities Total incoming resources Resources expended Charitable activities 4 Total resources expended Net incoming resources before transfers Exceptional items Revaluation of property Net income for the year Total funds brought forward at 1 September 2023 Total funds carried forward at 31 August 2024 8 3 |
Unrestricted Fund £ 42,287 78,099 |
Designated Fund £ - - |
Restricted Fund £ 5,000 10,271 |
2024 Total £ 47,287 88,370 |
2023 Total £ 20,841 87,722 |
|---|---|---|---|---|---|
| 120,386 121,564 |
- - |
15,271 5,013 |
135,657 126,577 |
108,563 130,831 |
|
| 121,564 | - | 5,013 | 126,577 | 130,831 | |
| - 50,000 (1,178) |
- - - |
- - 10,258 |
- 50,000 9,080 |
250,000 - (22,268) |
|
| 48,822 255,267 |
- 22,000 |
10,258 3,256 |
59,080 280,523 |
227,732 52,791 |
|
| 304,089 | 22,000 | 13,514 | 339,603 | 280,523 |
Notes on pages 5 - 8 form part of these financial statements
3
COLCHESTER KORBAN PROJECT
BALANCE SHEET AS AT 31 AUGUST 2024
| 2024 | 2023 | ||
|---|---|---|---|
| Notes | £ | £ | |
| Fixed assets | |||
| Tangible assets | 7 | 302,238 | 252,798 |
| Current assets | |||
| Debtors | 1,692 | 2,046 | |
| Cash at bank and in hand | 36,378 | 26,164 | |
| 38,070 | 28,210 | ||
| Creditors: amounts falling | 5 | 705 | 485 |
| due within one year | |||
| Net total assets/(current liabilities) | 339,603 | 280,523 | |
| Net assets | 339,603 | 280,523 | |
| Funds of the charity | |||
| Unrestricted funds | |||
| General funds | 7 | 254,089 | 255,267 |
| Revaluation reserve | 7 | 50,000 | - |
| Restricted funds | 7 | 13,514 | 3,256 |
| Designated funds | 7 | 22,000 | 22,000 |
| Total funds | 339,603 | 280,523 |
For the year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director's acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to small companies regime.
The directors declare that they have approved the accounts above:
| A Bushell | Date |
|---|---|
| Chair |
4
COLCHESTER KORBAN PROJECT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
1. Accounting policies
1.1 Basis of accounting
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement on Recommended Practise 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)- (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Cash flow statement
The trustees have taken advantage of the exemption in Financial Reporting Standard No 1 (revised) from including a cash flow statement in the financial statements on the grounds that the charity is small.
1.2 Incoming resources
Income from donations and grants, including capital grants, is included in incoming resources when these are receivable.
When donors specify that donations and grants, including capital grants are for a particular restricted purpose, this income is included in incoming resources of restricted funds when receivable.
1.3 Resources expended and recognition of liabilities
All expenditure is incurred on an accruals basis. The majority of costs are directly attributable to the specific charitable activities.
Liabilities are recognised on the accruals basis in accordance with normal accounting principles.
1.4 Fund accounting
Funds held by the Charity are either:
Unrestricted general funds - these are funds which can be used in accordance with the charitable objects at the discretion of the Trustees.
Designated funds - these are funds set aside by the trustees out of unrestricted funds for specific future purposes or projects.
Restricted funds - these are funds that can only be used for particular restricted purposes within the objects of the charity.
1.5 Taxation status
The company is a registered charity and is not subject to Corporation tax on it's charitable activities.
1.6 Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows:
Fixtures and Fittings 20% Reducing Balance Computer Equipment 25% Straight Line
| 2. Donations and legacies Donations |
Unrestricted Fund £ 42,287 |
Designated Fund £ - |
Restricted Fund £ 5,000 |
Total 2024 £ 47,287 |
Total 2023 £ 20,841 |
|---|---|---|---|---|---|
| 42,287 | - | 5,000 | 47,287 | 20,841 |
5
COLCHESTER KORBAN PROJECT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
| 3. Incoming resources from charitable activities Colchester Borough Council Residents' rent Resident rental bursaries * Personal Charges Grants Other |
Unrestricted Fund £ 54,936 8,147 5,603 4,049 5,000 364 |
Restricted Fund £ - - - - 10,271 - |
Total 2024 £ 54,936 8,147 5,603 4,049 15,271 364 |
Total 2023 £ 46,930 16,541 7,878 3,581 12,667 125 |
|---|---|---|---|---|
| 78,099 | 10,271 | 88,370 | 87,722 |
The resident rental bursaries of £5,603 (2023: £7,878), 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.
| 4. Charitable activities Staff costs Staff expenses inc. travel Training Rental bursaries Insurance Repairs & upkeep Rent & Rates Utilities Communal household Misc Office costs Loan interest Depreciation Governance costs* Accountancy & legal |
Unrestricted Fund £ 83,934 546 100 5,603 1,667 3,189 4,200 9,866 4,531 285 2,236 - 65 |
Restricted Fund £ 3,877 - - - - - - - 641 - - - 495 |
Total 2024 £ 87,811 546 100 5,603 1,667 3,189 4,200 9,866 5,172 285 2,236 - 560 |
Total 2023 £ 89,622 808 462 7,878 1,489 4,572 5,996 6,545 5,998 - 2,065 2,917 700 |
|---|---|---|---|---|
| 116,222 5,342 |
5,013 - |
121,235 5,342 |
129,052 1,779 |
|
| 121,564 | 5,013 | 126,577 | 130,831 |
| 5. Creditors: amounts falling due within one year Accruals |
Total Total 2024 2023 £ £ 705 485 705 485 |
|---|---|
6
COLCHESTER KORBAN PROJECT
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024
| 6. Tangible assets Cost 01/09/2023 Additions Disposals Cost 31/08/2024 Depreciation at 01/09/2023 Depreciation for year Disposals Depreciation at 31/08/2024 Net Book Value 31/08/2024 Net Book Value 31/08/2023 7. Funds Unrestricted Designated Restricted Total Funds |
Fixtures & fittings £ 6,099 - - |
Computer equipment £ 280 - (280) |
Property £ 250,000 - - |
Revaluation £ - 50,000 - |
Total £ 256,379 50,000 (280) |
|---|---|---|---|---|---|
| 6,099 | - | 250,000 | 50,000 | 306,099 | |
| 3,301 560 - |
280 - (280) |
- - - |
- - - |
3,581 560 (280) |
|
| 3,861 | - | - | - | 3,861 | |
| 2,238 | - | 250,000 | 50,000 | 302,238 | |
| 2,798 | - | 250,000 | - | 252,798 | |
| Balance B/F £ 255,267 22,000 3,256 |
Income £ 170,386 - 15,271 |
Expenditure £ (121,564) - (5,013) |
Transfers £ - - - |
Balance C/F £ 304,089 22,000 13,514 |
|
| 280,523 | 185,657 | (126,577) | - | 339,603 |
The designated funds represent a contingency fund should the Charity cease activities.
| Fixed assets Cash at bank and in hand Debtors Current liabilties Long term libailities Total |
Unrestricted £ 300,257 2,695 1,692 (555) - |
Designated £ - 22,000 - - - |
Restricted Total £ £ 1,981 302,238 11,683 36,378 - 1,692 (150) (705) - - 13,514 339,603 |
|---|---|---|---|
| 304,089 | 22,000 |
8. Trustee remunerations
None of the Trustees (or any persons connected with them) received any remuneration during the year.
9. Going concern
These accounts have been prepared on a going concern basis.
10. Related parties
There were no related party transactions in the financial year.
7
COLCHESTER KORBAN PROJECT
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024
12. Staff
No staff member recieved remunerations of over £60,000.
Average staff numbers for the year was 4 (2023:5)
8
COLCHESTER KORBAN PROJECT
Charity number 1125617 Company number 06630415
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
COLCHESTER KORBAN PROJECT
CONTENTS FOR THE YEAR ENDED 31 AUGUST 2024
| Page | |
|---|---|
| Legal and administrative information | 1 |
| Independent examination report | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Notes forming part of the financial statements | 5 - 8 |
COLCHESTER KORBAN PROJECT
LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 AUGUST 2024
| Trustees: | Rev. A Bushell, Chair |
|---|---|
| Miss N Sirett | |
| Mr T Young | |
| Mr R Spencer (Appointed 22nd May 2024) | |
| 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 BOX 250 | |
| Skelmersdale | |
| WN8 6WT |
1
COLCHESTER KORBAN PROJECT
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 AUGUST 2024
I report on the accounts of Colchester Korban Project for the year ended 31st August 2024 which are set out on pages 3 to 8.
Respective responsibilities of trustees and examiner
The Charity’s Trustees are responsible for the preparation of the accounts. The Charity’s Trustees consider that an audit is not required for this year (under section 144 (2) of the Charities Act 2011 (The Act) but that an independent examination is needed.
It is my responsibility to:
-
Examine the accounts under section 145 of the Charities Act,
-
To follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the Charities Act, and
-
To state whether particular matters have come to my attention.
Basis of independent examiner’s Statement
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes considerations of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
In the course of my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did not comply with the applicable requirements concerning the form and content of the accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
I 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.
Shelley Rudling FMAAT AATQB for and on behalf of: Community360 belo
Community360
Winsley’s House, High Street, Colchester, Essex
Date
27/01/2025
2
COLCHESTER KORBAN PROJECT
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024
| Note Incoming resources from generated funds Donations and legacies 2 Incoming resources from charitable activities Total incoming resources Resources expended Charitable activities 4 Total resources expended Net incoming resources before transfers Exceptional items Revaluation of property Net income for the year Total funds brought forward at 1 September 2023 Total funds carried forward at 31 August 2024 8 3 |
Unrestricted Fund £ 42,287 78,099 |
Designated Fund £ - - |
Restricted Fund £ 5,000 10,271 |
2024 Total £ 47,287 88,370 |
2023 Total £ 20,841 87,722 |
|---|---|---|---|---|---|
| 120,386 121,564 |
- - |
15,271 5,013 |
135,657 126,577 |
108,563 130,831 |
|
| 121,564 | - | 5,013 | 126,577 | 130,831 | |
| - 50,000 (1,178) |
- - - |
- - 10,258 |
- 50,000 9,080 |
250,000 - (22,268) |
|
| 48,822 255,267 |
- 22,000 |
10,258 3,256 |
59,080 280,523 |
227,732 52,791 |
|
| 304,089 | 22,000 | 13,514 | 339,603 | 280,523 |
Notes on pages 5 - 8 form part of these financial statements
3
COLCHESTER KORBAN PROJECT
BALANCE SHEET AS AT 31 AUGUST 2024
| 2024 | 2023 | ||
|---|---|---|---|
| Notes | £ | £ | |
| Fixed assets | |||
| Tangible assets | 7 | 302,238 | 252,798 |
| Current assets | |||
| Debtors | 1,692 | 2,046 | |
| Cash at bank and in hand | 36,378 | 26,164 | |
| 38,070 | 28,210 | ||
| Creditors: amounts falling | 5 | 705 | 485 |
| due within one year | |||
| Net total assets/(current liabilities) | 339,603 | 280,523 | |
| Net assets | 339,603 | 280,523 | |
| Funds of the charity | |||
| Unrestricted funds | |||
| General funds | 7 | 254,089 | 255,267 |
| Revaluation reserve | 7 | 50,000 | - |
| Restricted funds | 7 | 13,514 | 3,256 |
| Designated funds | 7 | 22,000 | 22,000 |
| Total funds | 339,603 | 280,523 |
For the year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director's acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to small companies regime.
The directors declare that they have approved the accounts above:
| A Bushell | Date |
|---|---|
| Chair |
4
COLCHESTER KORBAN PROJECT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
1. Accounting policies
1.1 Basis of accounting
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement on Recommended Practise 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)- (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Cash flow statement
The trustees have taken advantage of the exemption in Financial Reporting Standard No 1 (revised) from including a cash flow statement in the financial statements on the grounds that the charity is small.
1.2 Incoming resources
Income from donations and grants, including capital grants, is included in incoming resources when these are receivable.
When donors specify that donations and grants, including capital grants are for a particular restricted purpose, this income is included in incoming resources of restricted funds when receivable.
1.3 Resources expended and recognition of liabilities
All expenditure is incurred on an accruals basis. The majority of costs are directly attributable to the specific charitable activities.
Liabilities are recognised on the accruals basis in accordance with normal accounting principles.
1.4 Fund accounting
Funds held by the Charity are either:
Unrestricted general funds - these are funds which can be used in accordance with the charitable objects at the discretion of the Trustees.
Designated funds - these are funds set aside by the trustees out of unrestricted funds for specific future purposes or projects.
Restricted funds - these are funds that can only be used for particular restricted purposes within the objects of the charity.
1.5 Taxation status
The company is a registered charity and is not subject to Corporation tax on it's charitable activities.
1.6 Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows:
Fixtures and Fittings 20% Reducing Balance Computer Equipment 25% Straight Line
| 2. Donations and legacies Donations |
Unrestricted Fund £ 42,287 |
Designated Fund £ - |
Restricted Fund £ 5,000 |
Total 2024 £ 47,287 |
Total 2023 £ 20,841 |
|---|---|---|---|---|---|
| 42,287 | - | 5,000 | 47,287 | 20,841 |
5
COLCHESTER KORBAN PROJECT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
| 3. Incoming resources from charitable activities Colchester Borough Council Residents' rent Resident rental bursaries * Personal Charges Grants Other |
Unrestricted Fund £ 54,936 8,147 5,603 4,049 5,000 364 |
Restricted Fund £ - - - - 10,271 - |
Total 2024 £ 54,936 8,147 5,603 4,049 15,271 364 |
Total 2023 £ 46,930 16,541 7,878 3,581 12,667 125 |
|---|---|---|---|---|
| 78,099 | 10,271 | 88,370 | 87,722 |
The resident rental bursaries of £5,603 (2023: £7,878), 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.
| 4. Charitable activities Staff costs Staff expenses inc. travel Training Rental bursaries Insurance Repairs & upkeep Rent & Rates Utilities Communal household Misc Office costs Loan interest Depreciation Governance costs* Accountancy & legal |
Unrestricted Fund £ 83,934 546 100 5,603 1,667 3,189 4,200 9,866 4,531 285 2,236 - 65 |
Restricted Fund £ 3,877 - - - - - - - 641 - - - 495 |
Total 2024 £ 87,811 546 100 5,603 1,667 3,189 4,200 9,866 5,172 285 2,236 - 560 |
Total 2023 £ 89,622 808 462 7,878 1,489 4,572 5,996 6,545 5,998 - 2,065 2,917 700 |
|---|---|---|---|---|
| 116,222 5,342 |
5,013 - |
121,235 5,342 |
129,052 1,779 |
|
| 121,564 | 5,013 | 126,577 | 130,831 |
| 5. Creditors: amounts falling due within one year Accruals |
Total Total 2024 2023 £ £ 705 485 705 485 |
|---|---|
6
COLCHESTER KORBAN PROJECT
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024
| 6. Tangible assets Cost 01/09/2023 Additions Disposals Cost 31/08/2024 Depreciation at 01/09/2023 Depreciation for year Disposals Depreciation at 31/08/2024 Net Book Value 31/08/2024 Net Book Value 31/08/2023 7. Funds Unrestricted Designated Restricted Total Funds |
Fixtures & fittings £ 6,099 - - |
Computer equipment £ 280 - (280) |
Property £ 250,000 - - |
Revaluation £ - 50,000 - |
Total £ 256,379 50,000 (280) |
|---|---|---|---|---|---|
| 6,099 | - | 250,000 | 50,000 | 306,099 | |
| 3,301 560 - |
280 - (280) |
- - - |
- - - |
3,581 560 (280) |
|
| 3,861 | - | - | - | 3,861 | |
| 2,238 | - | 250,000 | 50,000 | 302,238 | |
| 2,798 | - | 250,000 | - | 252,798 | |
| Balance B/F £ 255,267 22,000 3,256 |
Income £ 170,386 - 15,271 |
Expenditure £ (121,564) - (5,013) |
Transfers £ - - - |
Balance C/F £ 304,089 22,000 13,514 |
|
| 280,523 | 185,657 | (126,577) | - | 339,603 |
The designated funds represent a contingency fund should the Charity cease activities.
| Fixed assets Cash at bank and in hand Debtors Current liabilties Long term libailities Total |
Unrestricted £ 300,257 2,695 1,692 (555) - |
Designated £ - 22,000 - - - |
Restricted Total £ £ 1,981 302,238 11,683 36,378 - 1,692 (150) (705) - - 13,514 339,603 |
|---|---|---|---|
| 304,089 | 22,000 |
8. Trustee remunerations
None of the Trustees (or any persons connected with them) received any remuneration during the year.
9. Going concern
These accounts have been prepared on a going concern basis.
10. Related parties
There were no related party transactions in the financial year.
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COLCHESTER KORBAN PROJECT
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024
12. Staff
No staff member recieved remunerations of over £60,000.
Average staff numbers for the year was 4 (2023:5)
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