| International Christian%'orship Centre |
International Christian%'orship Centre |
(INC) = S | heffieid | |||
|---|---|---|---|---|---|---|
| Statement ofFinancial Activities | ||||||
| ForThe Year Ended M Match | 2023. | Unrestricted | Restricted | Total | Total | |
| 2023 | 2022 | |||||
| Notes | ||||||
| Incoming Resources | ||||||
| Incoming Resources from generated | funds | |||||
| Tithes and Offerings | 1.2 | 24,343 | 24,343 | 39,256 | ||
| Grants | 15,000 | 15,000 | 13,050 | |||
| Inland revenue Charity repayments |
6,473 | 6,473 | 6,714 | |||
| Less Unpaid Cheque |
0) | (0) | 00) | |||
| Total Incoming Resources | 30,816 | 15,000 | 45,816 | 59,020 | ||
| Resources Ex ended | ||||||
| Charitable Activities |
2.0 | 29,246 | 16,873 | 46,119 | 54@81 | |
| Total resources expenditure | 29,246 | 16,873 | 46,119 | 54,381 | ||
| Net Movement in funds |
3.0 | 1,571 | (1,873) | -303 | 4,639 | |
| Total funds brought forward |
21,041 | 2,268 | 23)309 | 18,670 | ||
| Total funds carried forward | 22,612 | 395 | 23,006 | 23,309 |
| Fixed Asset | ||
|---|---|---|
| Tangible Fixed Asset | ||
| Current Assets | ||
| Debtors | 4.0 | |
| Cash at Bank Bcin Hand | 5.0 | |
| Creditors | ||
| Amount Falling due within One year |
6.0 | |
| Total Assets less Current Liabilities | ||
| Creditors; Amounts | Falling due after more than | one year |
| Total Net Assets | ||
| FUND FORTHE | CHARITY | |
| Unrestricted Funds |
7.0 | |
| Restricted Funds | ||
| Total Funds |
| Total | Total |
|---|---|
| 2023 | 2022 |
| 84,862 | 96,468 |
| 7,600 | |
| 7639 | 13123 |
| 15,239 | 13,123 |
| 10,800) | 14,300) |
| 4,439 | (1,177) |
| 89,301 | 95,291 |
| (66,295) | 71,982) |
| 23,006 | 23,309 |
| 22,612 | 21,041 |
| 395 | 2,268 |
| 23„006 | 23,309 |
| Income | ||||
|---|---|---|---|---|
| Tithes and 0 ferin | ||||
| Income from Tithes and Offerings | is included in the voluntary | resources when these are receivable. | ||
| Inland R enue Chad Re a m |
t | |||
| Inland Revenue Charity Repayment | is a gift aid | repayment | claitu for the year on donations. | |
| Donations | ||||
| Donations comprise income from |
thanksgiving | offering. | ||
| 3~dldin r |
||||
| Church member's contribution towards the building pxoject, this is an ongoing pledge. |
||||
| Expenditure and Liabilities |
||||
| Governance and Su oxt costs |
||||
| Resources expended are included |
in the Statemets ofFinancial | Activities on a cash basis, inclusive ofany VAT which | ||
| cannot be recovered certain costs | have been aportined between |
Cost ofActivites in Furtherance ofObjectives and | ||
| Management (Support Costs) and |
administration | (Governance | Costs) on the basis consistence with the use ofthose | |
| resources, | ||||
| Creditors | ||||
| The charity has creditors which are measured at settlement |
amount less any trade discounts. |
| Depreciation | ||||||
|---|---|---|---|---|---|---|
| Depreciation has been calculated to write down the cost or valuation |
less estimated | residual | value of | all tangible fixed | ||
| assets over their expected useful lives on a straight line basis. | ||||||
| The applicable rates are: |
||||||
| Building | 7% | |||||
| Musical 0Technical Equipment | 20% | |||||
| Furniture BrFittings |
20% | |||||
| Futnintre | ||||||
| Furniture | R | |||||
| Fixed Assets- Equipment |
Fittings | Building | Total | |||
| Cost or Valuation | ||||||
| As at 1 April 2022. | 4,299 | 4,731 | 140,000 | '149,030 | ||
| Additions | ||||||
| Disposal | ||||||
| As at31March 2023. | 4,299 | 4,731 | 140,000 | 149,030 | ||
| Depreciation | ||||||
| As at 1 April 2022. | 1,758 | 1,804 | 49,000 | 52,562 | ||
| Charge for this period | 860 | 946 | 9,800 | 11,606 | ||
| Disposal | ||||||
| As at 31March 2023. | 2,618 | 2,750 | 58,800 | 64,168 | ||
| Net BookValue | ||||||
| As at 31March 2023. | 1,681 | 1,981 | 81,200 | 84,862 | ||
| As at 31March 2022. | 2,541 | 2,927 | 91,000 | 96,468 |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| Funds | Funds | 2023 | 2022 | ||
| 2 | CHARITY A IVITIES |
||||
| Houraxium and Gifts |
650 | 300 | |||
| Hotel &Accomodation | 266 | 547 | |||
| Travelling &Motor expense | |||||
| Training &Development | 643 | 643 | 100 | ||
| Repairs &Maintenance | 9,278 | 9,278 | 12,015 | ||
| Printing, postage &Stationery | 1,265 | 1,265 | |||
| Licence and Subscription | |||||
| Professional &Legal fees (Building project) | 2,940 | ||||
| Sundry expenses | 1,100 | 7,595 | 8,695 | ||
| Unhty | 3,131 | 3,131 | 2,104 | ||
| Security | 134 | ||||
| Mortgage Interest | 3,348 | 3,348 | 3,175 | ||
| Multimedia Expenses |
3,211 | ||||
| Depreciation | 11,606 | 11,606 | 11,606 | ||
| Insurance | 3,313 | ||||
| Accountancy Fee |
400 | 400 | 350 | ||
| Telephone &Internet | 530 | 530 | 1/84 | ||
| Mission Contxibution | 5,200 | 5,200 | 10,500 | ||
| Cleaning | 165 | 165 | 108 | ||
| Charitable Donation |
810 | ||||
| Hospitality and Welfare |
942 | 942 | 1,625 | ||
| 29,246 | 16,873 | 46,119 | 54,381 | ||
| *Theprofessional fees (building pxoject) rdate to Lawyer, |
Architect and beak fees | paid in relation | to the purchase | ||
| ofthe new. church building. | |||||
| 3 | M VEMENT IN FUNDS FORTHE YEAR |
2023 | 2022 | ||
| Net movemcnt in funds is stated after charging: |
|||||
| Pxofession' fees | 2,940 |
| 4 | DEBTORS | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Amount fallin |
due within one | ear | 2022 | |||||||
| Debtors | 7,600 | |||||||||
| 5 | CASH AT BANKAND~ | 2023 | 2022 | |||||||
| Cash at hand and in hand | 7,639 | 13,123 | ||||||||
| 6 | CREDITORS | |||||||||
| Amount fallin |
ue | within one | ear | 2023 | ||||||
| Creditors | 14,300 | 14,300 | ||||||||
| Amount fa ' | due | fter more than one | ear | 2023 | 2022 | |||||
| Creditors | 66,295 | 71,982 | ||||||||
| Unrestricted | Restricted | Total | Total | |||||||
| 2023 | 2023 | 2023 | 2022 | |||||||
| As 1stApril | 21,041 | 2,268 | 23,309 | 25,874 | ||||||
| Total Incoming | Resources | 30,816 | 15,000 | 45,816 | 54,340 | |||||
| Total Resources | Expended | (29,246 | 16,873) | (46,119) | (61,544) | |||||
| At 31stMarch | 22,612 | 395 | 23,006 | 18,670 |
| Rev. Isaac Wallace is the C $10,500:00 |
hairman ofthe charity, |
he received travelling and relat |
|
|---|---|---|---|
| 9 | rt a e Interest Char | es | |
| Mortgage Balance b/fwd | 71,982 | ||
| Mortgage Payment | (9,035) | ||
| Interest Charges | 3,348 | ||
| Mortgage Balance c/fwd | 66,295 |