REGISTERED COMPANY NUMBER: 06919051 (England and Wales)
REGISTERED CHARITY NUMBER: 1131305
REGISTERED CHARITY NUMBER: SC042550 (Scotlandl
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022
FOR
ACTS 435
HPH
Chartered Accountants
54 Bootham
YORK
Y030 7XZ

ACTS 435
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022
CONTENTS
Page
Trustees, Annual Report
Independent Auditor's Report
stalement of Financial Activities
Balance Sheet
Statement of Cash Flows
70
Note to the Statement of Cash Flows
Notes to the Financial Statements
12-22

**ACTS 435 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2022** 

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 July 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice 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 2019). 

## **OBJECTIVES AND ACTIVITIES** 

## **Objectives and aims** 

The aim and objectives of Acts 435 is to directly connect those who want to give with those who are in genuine need of their help, through a network of local churches and charities.  Each partner church or charity appoints an Acts 435 advocate who meets with the person struggling financially and posts onto the Acts 435 website the specific need they have such as clothes or a piece of furniture.  People respond by giving online to that need and the money is transferred to the partner church or charity to purchase the item so desperately needed. 

## **Scotland** 

We operate in all four countries of the United Kingdom with a growing number of churches and charities in Scotland where we are registered with the OSCR. 

## **ACHIEVEMENT AND PERFORMANCE** 

## **Review of Activities** 

Acts 435 was launched as a pilot in the North Yorkshire and Humber Region in October 2009 and was then launched nationally by the patron, the then Archbishop of York, on the 12th July 2010.  It has grown organically since with a small staff team to coordinate the charity’s activities.  During the Covid-19 pandemic the charity was able to operate as normal given the employees all work from home.  The charity saw immediate growth at the onset of the pandemic, increasing from helping on average 300 people a month to over 500 people a month.  This has been sustained in the period since then as donors continue to meet the needs. During this financial year 100% of requests were met within one month, with the average less than two weeks, many met in a matter of days. 

The charity continued to fully fund its administration costs through Gift Aid.  The surplus of Gift Aid from previous years enabled the charity to have the necessary reserves to invest in a rebuild of the full website which commenced in Spring 2021 and launched in June 2022.  This has been capitalised in the accounts and has future-proofed the website for the years to come, placing it on a standardised wireframe rather than being bespoke.  In the year the charity wound down its Larger Gifts Fund that had been in operation during the pandemic to help with needs above the £150 limit on the website.  This decision was taken to focus donor funds instead on the smaller needs which are all managed through the website.  There is scope in the future to enable gifts to larger needs but it would be built into the current website rather than managed offline. 

## **Core Activities for Public Benefit** 

Acts 435 is a website that directly links those wanting to give with those needing their help. Acts 435 focuses on providing specific practical help for those people locally known to be in need in small but significant ways. For each request there is a limit of £150 and an overall limit per family of three requests in total with additional requests only in exceptional circumstances. 100% of donations to requests go to those in need with no percentage removed for administrative costs. Many individuals helped speak not only of the support of the actual item but also the wonderful experience of receiving the kindness of strangers. The Trustees have given due consideration to the Charity Commission’s published guidance on the Public Benefit requirement under the Charities Act 2011 and the deem the charity to qualify as a public benefit entity. 

1 



**ACTS 435** 

**REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2022** 

## **External Partnership** 

Acts 435 works with over 650 churches and charities to help people in need in the community with many new partners joining in this financial year. It also works closely with other charities that work through churches to help people in UK poverty such as Christians Against Poverty, Trussell Trust, Community Money Advice and the St Vincent de Paul Society. 

## **FINANCIAL REVIEW** 

Review of financial position at the year end is that at 31 July 2022 the total reserves amounted to £114,993, of which none were restricted. Accordingly, the free reserves at the year-end were £114,993. 

## **Reserves policy** 

The Charity's administrative costs were previously funded by a private donor who topped up the funds as needed, and are now met by Gift Aid.  Restricted funds are passed onto individual applicants within 7 days of the full donation being received. As such the charity does not have a formal reserves policy at the current time.  The model enables requests for help to be met whilst funding the low administrative costs of the charity on an ongoing basis. 

In its thirteenth year the core activities of Acts 435 have maintained the level of the previous year with over £850,000 given to distribute to people in need, representing over 7,300 requests for help being met.  Unrestricted funds primarily represent Gift Aid receipts, which cover all administrative costs.  In this financial year work was completed on building a new website for Acts 435 that would support future growth since the current site was built in 2009.  This has been capitalised as an intangible asset. 

The charity does not have a formal reserves policy at the current time. However, where the balance of unrestricted funds reaches a level that, in the opinion of the Trustees, will not be needed to underwrite operational expenditure, it is used to meet further requests for assistance that have been posted on the website. Although the Trustees have maintained a higher than usual year-end balance this year, in order to ensure that the costs of the new website can be met, £27,897 (2021: £18,833) of surplus Gift Aid was applied to website requests during the financial year. 

## **Larger Gifts** 

In October 2018 we started a Larger Gifts Fund in collaboration with Stewardship.  This fund closed in October 2019 when the funds were used up, but was able to reopen in May 2020 on receipt of £50,000 from Stewardship’s Rapid Response Fund, set up in response to the Covid-19 pandemic. At the start of the current financial year additional efforts were made to raise income for this Fund, with some donors contributing.  This fund, which met needs in excess of £150 up to a maximum of £1,000, has now been closed with all donations going to the needs of specific people identified through the charity’s network of local churches and charities. 

## **Future Plans** 

Going forwards the charity plans to continue expanding its network of church and local charity partners.  Its aim is to get to 1,000 partners by 2025 and be helping 1,000 people a month.  With the constant pressure on the cost of living, many more churches and local charities are reaching out to the charity to see if they can partner with us.  New donors are giving through the website each week and to support the increased need, the charity is also exploring grant funding. 

2 



**ACTS 435** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2022** 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT** 

## **Governing document** 

Acts 435 was established by a Memorandum and Articles adopted on 29 May 2009, which has subsequently been amended by Special Resolutions dated 31 July 2009, 1 July 2011 and 21 January 2019. The Charity registered with the Charity Commission in England and Wales on 24 August 2009 and with the Office of the Scottish Charity Regulator (OSCR) on 31 August 2011. 

## **Organisational structure** 

During the financial year the charity had a part-time Executive Director reporting to the Trustees, and three part-time officers covering Operations and Communications.  Collectively the FTE is 2.2. 

The work was supported by over 650 volunteer Advocates based in local churches and Christian charities. 

## **Risk management** 

The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The Trustees have identified and assessed the major risks to which the charity is exposed, in particular those related to the operation and finances of the charity. They are satisfied that the charity's exposure to these risks is minimal. 

## **Management of the charity** 

The Executive Director of the charity has been in post since it was launched and key decisions are delegated to her by the trustees.  She is also a chartered accountant so leads on the financial decisions, including when to apply Gift Aid to requests and all information reported to the trustees and analysed by them.  The trustees receive both weekly and monthly reports. 

Salaries of the small team are set by the Executive Director and approved by the trustees, and the Executive Director is line managed by the Chair of Trustees who sets her salary.  As a small, unique charity, it is difficult to find clear benchmarks but all salaries are compared to general data available through charity recruiting websites. 

3 



**ACTS 435** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2022** 

## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number** 

06919051 (England and Wales) 

## **Registered Charity number** 

1131305 (England and Wales) SC042550 (Scotland) 

## **Registered office** 

The Gateway Centre Front Street YORK YO24 3BZ 

## **Patron** 

Right Reverend and Right Honourable Dr. John Sentamu Baron Sentamu, of Lindisfarne in the County of Northumberland and of Masooli in the Republic of Uganda 

## **Trustees** 

Julian Richer (Chair) Peter Warry Jonathan Day Alison Tsang (appointed 30 November 2021) Claire Daniels (appointed 7 June 2022) Malcolm Marshall (resigned 7 June 2022) Stephen Robertson (resigned 7 June 2022) 

Trustees shall serve in office for a period of three years but after that may be reappointed for two further terms of three years.  At the end of their third term in office and in subsequent years a Trustee may be reappointed subject to a rigorous review, taking into account the need for progressive refreshing of the board. 

The election of trustees is made with unanimous agreement of the other trustees and is based on skills as well as having a Christian faith.  Each trustee completes an eligibility form and Charity Commission induction materials are made available to them.  The charity is committed to having at least one advocate on the board to ensure the voice of the church and charity advocates is heard. 

**Company Secretary** Jennifer Herrera 

**Auditor Bankers** HPH Chartered Accountants Yorkshire Bank 54 Bootham 46 Coney Street YORK YORK YO30 7XZ YO1 9NQ 

Approved by order of the board of trustees on 25 April 2023 and signed on its behalf by: 

................................................................. Julian Richer – Chair of Trustee 

4 



## **INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS AND TRUSTEES OF ACTS 435** 

## **Opinion** 

We have audited the financial statements of Acts 435 for the year ended 31 July 2022 which comprise Statement of Financial Activities, Balance Sheet, Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). 

In our opinion the financial statements: 

- give a true and fair view of the state of the charitable company’s affairs as at 31 July 2022 and of its incoming resources and application of resources, including its income and expenditure for the year then ended; 

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and 

- have been prepared in accordance with the requirements of the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and Regulation 8 of the Charities Accounts (Scotland) Regulations 2006. 

## **Basis for opinion** 

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. 

## **Conclusions relating to going concern** 

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require  us to report to you where: 

- the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or 

- the trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the charitable company’s ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue. 

## **Other information** 

The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. 

5 



## **INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS AND TRUSTEES OF ACTS 435** 

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. 

We have nothing to report in this regard. 

## **Opinions on other matters prescribed by the Companies Act 2006** 

In our opinion based on the work undertaken in the course of our audit 

- the information given in the trustees’ report, which includes the directors’ report prepared for the purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial statements; and 

- the directors’ report included within the trustees’ report have been prepared in accordance with applicable legal requirements. 

## **Matters on which we are required to report by exception** 

In light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report included within the trustees’ report. 

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and the Charities Accounts (Scotland) Regulations 2006 require us to report to you if, in our opinion: 

- adequate and proper accounting records have not been kept; or 

- the financial statements are not in agreement with the accounting records and returns; or 

- certain disclosures of trustees' remuneration specified by law are not made; or 

- we have not received all the information and explanations we require for our audit; or 

- the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies exemption in preparing the trustees’ report. 

## **Responsibilities of trustees** 

As explained more fully in the trustees’ responsibilities statement, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. 

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. 

6 



## **INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS AND TRUSTEES OF ACTS 435** 

## **Auditor’s responsibilities for the audit of the financial statements** 

We have been appointed as auditor under section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and under the Companies Act 2006 and report in accordance with the Acts and relevant regulations made or having effect thereunder. 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. 

Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. 

A further description of our responsibilities for the audit of the financial statements is located on the 

Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report. 

## **Use of our report** 

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of part 16 of the Companies Act 2006, and to the charitable company’s trustees, as a body, in accordance with Regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charitable company’s members and trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company, the charitable company’s members as a body and the charitable company’s trustees as a body, for our audit work, for this report, or for the opinions we have formed. 

Adrian Rodaway, Senior Statutory Auditor 

For and on behalf of 

## **HPH, Statutory Auditor** 

## **25 April 2023** 

7 



ACTS 435
STATEMENT OF FINANCIAL ACTIVITIES
{INCLUDING INCOME AND EXPENDITURE ACCOUNTI
FOR THE YEAR ENDED 31 JULY 2022
Unrestrlcted Restrlcted
Funds
Funds
Total Funds
2022
2021
Note
INCOME AND ENDOWMENTS FROM
Donalions, legacies and grants
Investment income
157,668
889,291 1.046,959 1,053,926
26
26
TOTAL INCOME
157,694
889,291 1,046,985 1,053,934
EXPENDITURE ON
Raising funds
Charitable activities
Grants payable to individuals
Charitable support and g0Veman￿ costs
22,776
22,776
14,032
930,480
930,480
84,351
971,131
61,935
84,351
TOTAL EXPENDITURE
107,127
930,480 1,037,607 1,047,098
NET INCOMEIIEXPENDITURE)
50,567
141,189)
9,378
6,836
Transfer be￿een funds
16
{27,897)
27,897
NET MOVEMENT BETIVEEN FUNDS
22,670
113,292)
13,292
9,378
6,836
Total funds brought fonmard
92,323
105,615
98,779
TOTAL FUNDS CARRIED FORWARD
£ 114,993
£ 114,993 £ 105,615
CONTINUING OPERATIONS
Income and net movement in funds derive wholty from continuing operations.
The notes on pages 12 to 22 fonn part of these financial statements.

ACTS 435
BALANCE SHEET
AS AT 31 JULY 2022
Registration number: 06919051
Note Unrestricted Restricted
Fund
Fund
2022
2021
FIXED ASSETS
Tangible fixed assets
Intangible fixed assets
12
13
99
28,800
68,303
68,303
68,303
68,303
28,899
CURRENT ASSETS
Debtors
Cash at bank and in hand
14
37,096
16,185
38,308
4,650
75,404
20,835
78,188
52,546
53,281
42,958
96,239
130,734
CREDITORS
Amounts falling due wilhin one year
15
6,591
42,958
49,549
54,018
NET CURRENT ASSETS
46,690
46,690
76,716
TOTAL ASSETS LESS CURRENT
LIABILITIES
114,993
114,993
105,615
NET ASSETS
£ 114,993
£ 114,993 £ 105,615
REPRESENTED BY
Unrestricted funds
Restricted funds
16
16
114,993
114,993
92,323
13,292
£ 114,993
£ 114,993 £ 105,615
These financial statements have been prepared in accordance with the provisions applicable to
charitable companies subject to small companies regime.
The financial statements were approved by the Board of Trustees and Directors and authorised for
issue on 25 April 2023 and were signed on it's behalf by..
Mr Julian Richer- Trustee and Director
Canon P J Warry- Trustee and Director

ACTS 435
STATEMENT OF CASHFLOWS
FOR THE YEAR ENDED 31 JULY 2022
Note
2022
2021
CASH FLOWS FROM OPERATING ACTIVITIES
Cash generated from operations
9,063
7,024
Net cash provided by operating activities
9,063
7,024
CASH FLOWS FROM INVESTING ACTIVITES
Purchase of intangible fixed assets
Interest received
{40,800}
26
(28,8001
Net cash used in investing activities
{40,774}
(28,7921
CHANGE IN CASH AND CASH EQUIVALENTS
IN THE REPORTING PERIOD
(31,711)
(21,768)
Cash and cash equivalents at the beginning of
the reporting period
CASH AND CASH EQUIVALENTS AT THE END
OF THE REPORTING PERIOD
52.546
74,314
20.835
52.546

ACTS 435
NOTES TO THE STATEMENT OF CASHFLOWS
FOR THE YEAR ENDED 31 JULY 2022
1. RECONCILIATION OF NET INCOME TO NET CASH FLOWS
FROM OPERATING ACTIVITIES
2022
2021
Net Income for the reportlng perlod {as per the
Statement of Financials Activities)
Adjustments for:
Depreciation charges
Amortisation charges
Interest received
Decrease in debtors
Decrease in creditors
9,378
6,836
99
1,297
126)
2,784
14,469)
9,063
100
18)
46,004
(45,9081
7,024
Net cash flow provided by operations
ANALYSIS OF CASH AND CASH EQUIVALENTS
Cash at bank and in hand
20,835
52,546
20,835
£ 52,546
Cash and cash equivalents amounting to £11,75312021.' £18,127) related to restricted funds.
ANALYSIS OF CHANGES IN NET FUNDS
At 01108121 Cash Flow At 31107122
Cash at bank
52,546
£ 52,546
131,711)
20,835
1£ 31,7111 £ 20,835
Total

ACTS 435
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022
ACCOUNTING POLICIES
The principal accounting policies adopted, judgments and key sour￿$ of eslimation uncertainty
in the preparation of Ihe financial slatements are as follows..
a) Legal entity
Acts 435 is regulated by the Charity Commission (1131305), limited by guarantee and is
registered in England and Wales. The address of the registered office and principal place of
business is Gateway Church, The Gateway Centre, Front Slreel, Acomb, York, Y024 3BZ. The
Charity is also registered in Scotland {SC042550}.
b) Basis of preparing the financial statements
The financial statements have been prepared in accordance with Accounting and Reporting by
Charities.. Statement of Recommended Praclice applicable to charities preparing their accounts
in accordance with the Financial Reporting Standard applicable in the UK (FRS102) {effeclive 1
January 20191, the Financial Reporting Standard applicable in Ihe UK, the Companies Act 2006,
the Charities Act 2011, the Charities and Trustee Investment (Scotland} Act 2005 and the
Charities Accounts (Scotlandl Regulations 2006.
ACTS435 meels the definilion of a public benefit entity under FRS102. Assets and liabilities are
initially recognised at historical cost or transaction value unless otherwise stated in the relevant
accounting policy note(s).
The accounts are presented in UK Sterling pounds (£).
C) Going concern
The TrusteeslDirectors have prepared financial projections, taking into consideration the current
economic climate and its potential impact on the sources of income and planned expenditure.
They have a reasonable expectation that adequate financial resources are available to enable
the Charitable Company to continue in operational existence for the foreseeable future, and
have adequate contingency plans in the event that income streams are reduced. Consequently
the financial statements have been prepared on the basis that the Charitable Company is a
going concern.
d) Income
Donations
Donations receivable for the general purpose of the Charity are credited to "unrestricted funds"
Donations for purposes reslricled by the wishes of the donor are taken to "restricted funds"
where these wishes are legally binding on the Trustees.
other tradlng actlvltles
All other incoming resources are included in the SOFA when the Charity is legally entitled to the
income and the amount can be quantified with reasonable accuracy.
Investment income
Investment income has been accounted for on a cash receipt basis.

ACTS 435
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022
ACCOUNTING POLICIES - continued
e) Expenditure
Expenditure is accrued as soon as a liability is considered probable, discounted to present
value for longer-term liabilities. Expenditure attributable to more than one cost category is
apportioned to them on the basis of the estimated amount attributable to each activity in the
year, either by referen￿ to staff time or the use made of the underlying assets, as appropriate.
Governance costs are cost5 associated with constitutional and statutory requirements. They
include audit fees and estimated costs linked to the strategic management of the Charity.
Support costs are those incurred directly in support of expenditure on the objects of the Charity.
Grants payable to individuals are recognised as payable from the point at which the
corresponding donation is received via the Charity's website. Details of the specific requests
pending receipt of the full amount of the donation, and amounts held by churches to dispense
to applicants are disclosed in the notes to the financial statements.
Tangible fixed assets
Tangible fixed assets are included in the financial statements at their historical cost.
Depreciation is calculaled to wrrte off the cost of fixed assets over their expected useful lives on
a straight line basis. The rates used are as follows..
Computer equipment
33.3 /0 slraight line
g) Intangible fixed assets
Intangible fixed assets are included in the financial statements at their historical cost.
Amortisation is calculated to write off the cost of fixed assets over their expected useful lives on
a straight line basis. The rates used are as follows..
Website
20Q/o Straight line
Amortisation is included within support costs under charitable activities on the Statement of
Financial Activity.
h) Taxation
As a registered charity, Acts 435 is exempt from the tax on income falling wilhin sections 466 10
493 of the Corporation Tax Act 2010 to the extent that this is applied to its charitable objects.
No tax charges have arisen in the Company.
i) Fund accounting
Funds comprise unrestricted funds which have not been designated for other purposes, and
are available for use at the discretion of the Trustees in accordance with the charitable
objectives. Designated funds are unrestricted funds earmarked by the Trustees for particular
purposes. Restricted funds are to be used for specific purposes as laid down by the donor.
Expenditure which meets these criteria is charged to the fund.

ACTS 435
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022
ACCOUNTING POLICIES - continued
j) Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions
payable to the charitable company's pension scheme are charged to the Statement of
Financial Activities in the period to which they relate.
k) Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount
offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
l) Cash at bank and in hand
Cash at bank and cash in hand includes cash and any short term deposit accounts with a
maturity of three months or less from the date of opening.
m) Creditors and provisions
Creditors and provisions are recognised where the Charity has a present obligation resulting
from a past event that will probably result in the transfer of funds to a third party and the
amount due to settle the obligation can be measured or estimated reliably. Creditors and
provisions are normally recognised at their settlement amount after allowing for any trade
discounts due.
n) Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic
financial instruments. Basic financial instruments are initially recognised at transaction value
and subsequently measured at their settlement value with the exception of bank loans which
are subsequently measured at amortised cost using the effective interest method.

ACTS 435
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022 - continued
3. DONATIONS AND LEGACIES
Unrestricted
Funds
Restricted
Funds
Total Funds
2022
2021
Donations
Gift aid
889,291
889,291
157,668
925,553
128,373
157,668
£ 157,668
£ 889,291
£ 1,046,959 £ 1,053,926
In 2021 the amount of donations and legacies which related to restricted funds was £925,553.
4. INVESTMENT INCOME
Unrestricted
Funds
Restricted
Funds
Total Funds
2022
2021
Deposit account interest
26
26
£26
£26
In 2021 the amount of investment income which related to restricted funds was £Nil.
5. RAISING FUNDS
Unrestricted
Funds
Restricted
Funds
Total Funds
2022
2021
Staff costs
Public relalions, marketing
17,264
5,512
17,264
5,512
14,000
32
£ 22,776
£ 22,776
£ 14,032
In 2021 the amount of expenditure on raising funds which relaled to reslricted funds was £Nil.
6. GRANTS PAYABLE
2022
2021
Grants payable to individuals
930,480
971,131
£ 930,480
£971,131
Grants to individuals comprises £874,556 (2021.. £876,073) given to meet specific requests
limiled to £150 - listed on the Acls 435 website and £55,924 (2021. £95,058) for the Larger
Gifts programme run in partnership with Stewardship.
In 2021 the amount of grants payable which related to restricted funds was £971,131.

ACTS 435
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022 - continued
7. SUPPORT COSTS
Governance
Costs
Total
Administration
2022
2021
Charitable support and governance costs
76,403
7,948
84,351 £ 61,935
£ 76,403
£ 7,948
£ 84,351 £ 61,935
Administration
Unrestricted Restricted
Funds
Funds
Total Funds
2022
2021
Wages
Pensions
National Insurance
Bank and online donation fees
IT and technical support
Telephone
Printing, poslage & stationery
Sundries
Travelling
Entertaining
Depreciation of tangible assets
Amortisation of intangible assets
59,782
935
176
9,691
1,177
72
1,786
412
877
99
99
1,297
59,782
935
176
9,691
1,177
72
1,786
412
877
99
99
1,297
41,405
697
10,887
1,992
183
1,017
55
96
100
£ 76,403
£ 76,403 £ 56,432
In 2021 the amount of administation costs which related to restricted funds was £Nil.
Governance costs
Unrestricted Restricted
Funds
Funds
Total Funds
2022
2021
Accountancy and external scrutiny fees
Legal fees
Insurance
6,621
238
1,089
6,621
238
1,089
4,520
63
920
£ 7,948
£ 7,948
£ 5,503
In 2021 the amount of governance costs which related to restricted funds was £Nil.

ACTS 435
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022 - continued
NET INCOMEIIEXPENDITUREI
Net incomellexpenditure) is slated after chargingl(crediting)'.
2022
2021
Depreciation - owned assets
Amortisation - owned assets
Audit fees
Other accountancylpayroll fees
99
1,297
6,201
420
100
4,251
269
TRUSTEES. REMUNERATION AND BENEFITS
There were no Trustees, renumeration or other benefits for the year ended 31 July 2022 {2021'.
Nil).
Trustees. expenses
There were no Trustees, expenses paid for in the year ended 31 July 2022 (2021.. Nil).
10. STAFF COSTS
2022
2021
Wages and salaries
Other pension costs
National insurance costs
76,719
1,219
219
55,269
832
78,157
56,101
The average monthly number of employees during the year was as follows..
2022
2021
Employees
No employees re￿iVed emoluments in excess of £60,000.
The Executive Director is considered to represent the key management personnel of the
Charity.
Total compensation of £20,190, inclusive of employer national Insuran￿ and pension
contribulions was paid in the year {2021'. £19,625).

ACTS 435
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 JULY 2022 - continued
11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Funds
Restricted
Funds
Totsl Funds
2021
INCOME AND ENDOWMENTS FROM
Donations, legacies and grants
Investment income
128,373
925,553
1,053,926
TOTAL INCOME
128,381
925,553
1,053,934
EXPENDITURE ON
Raising funds
Charitable activities
Grants payable to individuals
Charitable support and governance costs
14,032
14,032
971,131
971,131
61,935
61,935
TOTAL EXPENDITURE
75,967
971,131
1,047,098
NET INCOMEI{EXPENDITUREI
52,414
(45,5781
6,836
Transfer between funds
118,833)
18,833
NET MOVEMENT BETWEEN FUNDS
33,581
58,742
(26,7451
40,037
6,836
Total funds brought fomard
98,779
TOTAL FUNDS CARRIED FORWARD
£ 92,323
£ 13,292
£ 105,615

ACTS 435
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022 - continued
12. TANGIBLE FIXED ASSETS
Computer
equipment
Total
Cost..
At 1 August 2021
Additions
4,827
4,827
At 31 July 2022
4,827
4,827
Depreciation..
At 1 August 2021
Charge for the year
4,728
99
4,728
99
At 31 July 2022
4,827
4,827
Net book values..
At 31 July 2022
At 31 July 2021
£99
£99
13. INTANGIBLE FIXED ASSETS
Existing
Website
New
Website
Total
Cost..
At 1 August 2021
Addilions
Disposals
16,214
28,800
40,800
45,014
40,800
116,214)
(16,214)
At 31 July 2022
69,600
69,600
Amortisation..
At 1 August 2021
Charge for the year
Disposals
16,214
16,214
1,297
116,214)
1,297
116,214)
At 31 July 2022
1,297
1,297
Net book values..
At 31 July 2022
£ 68,303
£ 68,303
At 31 July 2021
£ 28,800
£ 28,800

ACTS 435
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022- continued
14. DEBTORS
2022
2021
Other debtors- Amounts held by churchesllocal charities
Tax- Gift Aid receivable
38,308
37,096
43,257
34,931
£ 75,404
£ 78,188
15. CREDITORS amounts falling due within one year
2022
2021
Trade credilors
Social security and other taxes
Other creditors
Accrued expenses
Grants payable
580
371
187
4,788
48,092
983
256
5,352
42,958
£ 49,549
£ 54,018
16. MOVEMENT IN FUNDS Balance
blf at
Incoming
Resourced
01108121 Resources Expenditure
Transfers
Between
Funds
Balance
clf at
31107122
Unrestricted funds
General funds
92,323
157,694
{107,127) (27,8971
114,993
Restricted funds
Donations
Larger Gifts
846,659
42,632
{874,5561
155,924)
1930,480)
27,897
13,292
13,292
889,291
27,897
Total funds
£ 105,615 £ 1,046,985 {£ 1,037,607)
£ 114,993
Comparatives for
movement in funds
Balance
blf At
Incoming
Resourced
01108120 Resources Expenditure
Transfers
Between
Funds
Balance
cffat
3110712021
Unrestricted funds
General funds
58,742
128,381
175,9671 118,8331
92,323
Restricted funds
Donalions
Larger Gifts
1,850
38,187
855,390
70,163
(876,073)
195,058)
1971,131)
18,833
13,292
40,037
925,553
18,833
13,292
Total funds
£ 98,779 £ 1,053,934 {£ 1,047,098)
£ 105,615
20

ACTS 435
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022 - continued
16. MOVEMENT IN FUNDS - continued
Restricted funds
Donations
Restricted donations are those given towards requests posted online. Where a specific request
has been donated to, the funds will go to that specific individual. Where a general donation
towards requests has been given, Acts 435 allocates these funds to specific requests. Each
request is a maximum of £150.
As at 31 July 2022 there was £4,650 12021.. £4,835) of donations given to specific requests
pending receipt of the full amount before sending to the appropriate church or local charity, and
a further £38,308 12021.. £39,757) held by, or in the process of being transferred to, different
churches or local charities to dispense lo applicanls.
Larger glfts
A special appeal was run with the help of Stewardship in October 2018, to meet 5 needs larger
than those run on the normal Acts 435 website. This appeal was generously supported, and
extra funds were raised and have conlinued lo be given. A Larger Gifts fund has therefore been
established whereby advocates can apply lo Acts 435 for help with a larger need for someone in
their local community where there are no funds to help them, and Ihe need exceeds those they
can post directly onto the Acts 435 website.
As as 31 July 2022 there was £nil (2021.. £3,500) of donations held by different churches or
local charities lo dispense to applicants.
Transfers between funds
Where requests are expiring and the full amount has not been met by external donors, the Acts
435 team applies general funds to make up these amounts, using a debit Gard and making the
donation online in the same way external donors do. This is shown as a transfer from
unrestricted to restricted funds which is considered lo most accurately reflect the substance of
these Iransactions.
Similarly, transfers have been made from general funds to support needs met from the Larger
Gifts fund.
21

ACTS 435
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022- continued
17. ANALYSIS OF FUNDS
Tangible
f ixed
assets
Intangible
fixed
assets
Current
assets
Current
liabilities
Total
Current Year
Unrestricted funds
Restricted funds
68,303
53,281
42,958
(6,591)
142,958)
114,993
£ 68,303
£ 96,239
(£ 49,549)
£ 114,993
Prior Year
Unrestricted funds
Restricted funds
99
28,800
69,350
61,384
(5,926)
148,092)
92,323
13,292
£99
£ 28,800 £ 130,734
(£ 54,018)
£ 105,615
18. RELATED PARTY DISCLOSURES
During ihe year Acts 435 received a charitable grant of £20,000 {2021.' £Nil) from The
Fairness Foundation, a charity of which Julian Richer is also a Trustee.
There have been no transactions with related parties in the current year.
22