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|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|
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|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.||
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|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|
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|||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|
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|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|