2023-12-31-accounts - St Ives Free Church (United Reformed) Charity

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CONTENTS
	Page
Reference and administrative details of the charity, its trustees and advisers	1
Trustees' report	2-4
Independent examiner's report	5
Statement of financial activities	6
Balance sheet	7
Notes to the financial statements	8-18

Unrestricted Restricted	Unrestricted Restricted	Total	Total
funds funds		funds	funds
2023 2023		2023	2022
Note £ £		£	£
INCOME FROM:
Voluntary income 2 60,302 Activities for generating funds 3 96,177	10,730	71,032 96,177	52,893 81,269
Investments 4	5,510	5,510	5,863
Other income 5			73,737
TOTAL INCOME 156,479	16,240	172,719	2^3,762
EXPENDITURE ON:
Charitable activities 7,8 198,969		198,969	172,138
Other expenditure 6 4,125		4,125	5,391
TOTAL EXPENDITURE 203,094		203,094	177,529
NET INCOME / (EXPENDITURE) BEFORE INVESTMENT GAINS/(LOSSES) (46,615)	16,240	(30,375)	36,233
Net gains/(losses) on investments 11 2,374	8,901	11,275	(20,333)
NET INCOME / (EXPENDITURE) BEFORE TRANSFERS (44,241)	25,141	(19,100)	15,900
Transfers between Funds 14 16,240	(16,240)
NET INCOME / (EXPENDITURE) BEFORE OTHER RECOGNISED GAINS AND LOSSES (28,001)	8,901	(19,100)	^5,900
NET MOVEMENT IN FUNDS (28,001)	8,901	(19,100)	^5,900
RECONCILIATION OF FUNDS:
Total funds brought forward 138,420	137,049	275,469	259,569
110,419 TOTAL FUNDS CARRIED FORWARD	145,950	256,369	275,469

			2023		2022
	Note	£	£	£	£
FIXED ASSETS
Tangible assets	10		38,338		28,806
Investments	11		179,548		168,273
			217,886		197,079
CURRENT ASSETS
Debtors	12	9,578		560
Cash at bank and in hand		38,539		82,459
		48,117		83,019
CREDITORS: amounts falling due within
one year	13	(9,634)		(4,629)
NET CURRENT ASSETS			38,483		78,390
NET ASSETS			256,369		275,469
CHARITY FUNDS
Restricted funds	14		145,950		137,049
Unrestricted funds	14		110,419		138,420
TOTAL FUNDS			256,369		275,469

VOLUNTARY INCOME
	Unrestricted Restricted	Total	Total
	funds funds	funds	funds
	2023 2023	2023	2022
	£ £	£	£
Offertory Tax reclaimed on covenanted giving Donations and other income	35,184 9,703 9,980	35,184 9,980 9,703	37,001 10,124 4,959
Restricted donations and other income	750	750	750
Government grants			59
Eastern Synod grants	15,415	15,415
Total donations and legacies	60,302 10,730	71,032	52,893
Total 2022	42,019 10,874	52,893

STS OF CHURCH ACTIVITIES
		Total	Total
	Costs	2023	2022
	£	£	£
Wages and salaries	70,551	70,551	56,576
Cleaning	1,635	1,635	536
Other and miscellaneous expenses	964	964	589
Accountancy	1,640	1,640	1,530
Postage and telephone	1,867	1,867	1,514
Other running costs	1,819	1,819	630
Stationery	1,033	1,033	1,568
Catering purchases	20,651	20,651	18,713
Gas, electricity and water rates	20,470	20,470	9,241
Insurance	7,941	7,941	7,338
Photocopying	690	690	643
Repairs and replacements	23,672	23,672	22,260
Worship expenses	4,062	4,062	4,672
Motor and travelling	1,809	1,809	1,614
Depreciation	3,318	3,318	3,224
Subtotal	162,122	162,122	130,648
Other costs of church activities			(1)
	162,122	162,122	130,647
Total 2022	130,647	130,647

T INCOME/(EXPENDITURE) This is stated after charging:
	2023£	2022 £
Depreciation of tangible fixed assets: - owned by the charity	3,318	3,224

ANGIBLE FIXED ASSETS
	Fixtures and Office Computer
	fittings equipment equipment £ £ £			Total £
Cost
At 1 January 2023 Additions	36,889 10,236	1,014 2,614	15,022	52,925 12,850
At 31 December 2023	47,125	3,628	15,022	65,775
Depreciation
At 1 January 2023	8,388	827	14,904	24,119
Charge for the year	2,630	600	88	3,318
At 31 December 2023	11,018	1,427	14,992	27,437
Net book value
At 31 December 2023	36,107	2,201	30	38,338
At 31 December 2022	28,501	187	118	28,806

IXED ASSET INVESTM ENTS
		Listed
		securities£
Market value
At 1 January 2023		168,273
Revaluations		11,275
At 31 December 2023		179,548
Investments at market value comprise:
	2023	2022
	£	£
Listed investments	179,548	168,273
All the fixed asset investments are held in the UK
Material investments
	31 December	31 December
	2023£	2022 £
COIF Income Shares M & G Charifund	111,223 34,727	101,486 35,562
Cofunds	33,597	31,224
Cash deposits	1	1
	179,548	168,273

EBTORS
	2023	2022
	£	£
Due after more than one year
Trade debtors	6,782
Due within one year
Prepayments and accrued income	2,796	560
	9,578	560
REDITORS: Amounts falling due within one year
	2023 £	2022£
Trade creditors	2,212
Other creditors	3,665	636
Accruals and deferred income	3,757	3,993
	9,634	4,629

					Balance at
	Balance at				31
	1 January		Transfers	Gains/	December
	2023 £	Income Expenditure £ £	in/out £	(Losses) 2023 £ £
Designated funds
Christian Aid	1,766				1,766
General funds
General Funds	136,654	156,479 (203,094)	16,240	2,374	108,653
Total Unrestricted funds	138,420	156,479 (203,094)	16,240	2,374	110,419
Restricted funds
Restricted Funds	137,049	16,240	(16,240)	8,901	145,950
Total of funds	275,469	172,719 (203,094)		11,275	256,369
STATEMENT OF FUNDS - PRIOR YEAR
					Balance at
	Balance at				31
	1 January		Transfers	Gains/ December
	2022 £	Income Expenditure in/out £ £ £		(Losses) 2022 £ £
Designated funds
Christian	Aid		1,766		1,766
General Funds	52,961	^97,025 (177,529)	67,238	(3,041)	136,654
Restricted funds
Restricted Funds	206,608	^6,737	(69,004)	(17,292) 137,049

						Balance at
	Balance at					31
	1 January			Transfers	Gains/	December
	2023£	Income Expenditure in/out £ £ £			(Losses) 2023 £ £
Designated funds General funds	1,766 136,654	156,479	(203,094)	16,240	2,374	1,766 108,653
	138,420	156,479	(203,094)	16,240	2,374	110,419
Restricted funds	137,049	16,240		(16,240)	8,901	145,950
	275,469	172,719	(203,094)		11,275	256,369

				Balance at
	Balance at			31
	1 January		Transfers	Gains/ December
	2022 £	Income Expenditure £ £	in/out£	(Losses) 2022 £ £
Designated funds General funds	52,96^	197,025 (177,529)	1,766 67,238	(3,041) 1,766 136,654
	52,96^	197,025 (177,529)	69,004	(3,041) 138,420
Restricted funds	206,608	16,737	(69,004)	(17,292) 137,049
	259,569	2^3,762 (177,529)		(20,333) 275,469