COMPANY REGISTRATIQN NUMBER: 06778011 CHARITY REGISTRATION NUMBER: 1134374 Flame Trust Limited Company Limited by Guarantee Unaudited Financial Statements 31st March 2024 GRIFFITHS AND PEGG LIMITED Chartered Accountants 3 Hagley Court South Waterfront East Level Street Brierley Hill West Midlands DY5 1XE
Flame Trust Limuted Gompany Lirnlted by Guaranteo Flnanclal Statements Year ended 31st March 2024 Pages- Trustees, annual report {incorporating the director's report) 1to3 Independent examiner's report to the trustees Statement of financial activities (including income and expenditure account) statement of financial position 6t07 Notes to the financial statements 8t019 The following pages do not form part of the financial ststements Detailed statement of financial activities 21to22 Notes to the detailed statement of financial activities 23to24
Page Flame Trust LDmited Company Limited by Guarantee Trustees. Annual Report (Incorporatlng the Director's Report) Year en ed 31st Wdarch 2024 The trustees, who are also the directors for the purpose8 of company law, present thelr report and the unaudited financial statements of th8 charity for the year ended 31st March 2024. ObJoctlves and activitles The principal objects of tho Gharity are to advance the gospel of The Lord, J8SU8 Christ both in the United Kingdom and overseas and the relief of poverty, We have referred to Ihe guidance contained in the Charity Commission's general guldance on public beneflt when reviewlng our aims and objectives and in planning our future activltie8. Aohiavoments and performance The current year has been noted as being a season when Flarne has seen very positive results from it5 work and ministry. Involvernent in mentoring and encouraging emerging leadership, input into other organisations with slmllar aims and ethos, support for selective overseas Inltlatlves and speGrfic work with m8rginalised communities in Romania have all witnessed slgnificant impact. However, the challenges remain the same as in previous years which underline the Impacl of Flame's 'mature' donors who are no longer with us, and whose historlcal support is now reflected in our list of regular supporters and individual partners. Th6 following are worthy of notice and further cornm8rit'. 1. The development and construction of a brand new playground in Pascani, Romania was well researched and warmly received by this disadvantaged community in Romania. Th8 partnership with Habitat for Humanily continues to be strong and gives great accountability for the invastment in thi8 project and has now given the encouragement to Consider a longer-term approach for this particular initiative in Rotnania. 2. The Chaplaincy Ministry continued to be effective, particularly in supportlng the input into tho InviGtus Trust Academies, Involvemgnt with Q3 Academy continued but was not fulfilled at the level originally concelved primarily because of the laGk of funding at Academy level and the unforeseen demands on the CEO that emerged during this accounting period. 3. Support and input was provided for the work of Isma Pinta - a children's ministry based in Portugal, providing animated Bible storles for broadcasts and wider use, under the direction of Ismael Luzla, a well trusl8d and reliable Youth Pastor based in Madeira. 4, Flame also held another'Family Day, In the Autumn of 2023 which was very well attended and gave opportunlty to share vison and updates with Prayer Partners and supporters. 5. Flame organised a 'Spiritual Renewal, event in Madeira which provided excellent teaching and spiritual refreshment for all who attended. 6, The CEO continued to take speaking engagements and offered help and input Into other organisatioris that share a similar ethos.
Page 2 Flame Trust Limited Company Limfted by Guarantee Trustees. Annual Report (Incorporating the Direclorfs Report) Year ended 31st March 2024 Discusslons ensued, and plans were formulated by th8 Board in terms of Yutureproofing, the organlsalion ané sustalnability. The s8ason was marked by the 'home call, of one of our founder -trustees-"mamely Mr. lan-Frith-whos& input-and encouragement- ha* been. significant -at-all. levels-. Jennifer Beardsmore acceptad the invitation to become a trustee, alongside her role as 'Financial Assistantr for the operations of Flame Trust. Thg CEO would want to record his appreciation of everyone who has supported Flame Trust's operations and actlvlty durlng this period, Flnancial rovlew The results for the year, and the financial position at the end of the year, are shown in the attached financia1 statements. The charlty provides for a reserve provlslon of three months operational costs. The charity's reserve policy is deslgned to ensure that the Trust has adequate financial reserves to maintain the operation of the Trust in the event of unforeseen changes in the level of Support and financial funding. Th8 reserves are intended to provide financlal stabllity to ensure Ihat the charitable objectives and Strategy of the Trust can be maintained until funding streams are restored. The trustees will agree the reserve provision based on operational costs and anticipated expenditure as detalled in the annual budget and to maintain funding committed to projects or for individual supporl. The budget is prepared by the CEO and the trustee with financial responsibililies and submitled for approval by the Board of Trustees at the January Board meeting each year. The policy is reviewed quarlerly to ensure the reserves are adequate to meet the ongoing financial obligations of the charity. Reference and administrative detalls Registered charity name Flame Trust Limited Charity registration number 1134374 Company reglstratlon number 06778011 Prlnclpal offlce and reglstered 24 Robert Street office Lower Gornal Dudley West Midlands DY3 2AY The trustees Mr l Frith Mr D Allen Mr M J Smith Miss J O Beardsmore {Di8d 27th November 2023) (Appointed 24th October 20231 Independent examiner Mr A A B Grainger FCA Grlfflths and Pegg Chartered Accountants 3 Hagley Court South Waterfront East Level Street Brierley Hill West Midlands DY5 1XE
Page 3 Flame Trust Limited Company Limited by Guarantee Trustoes. AnnuaQ Report {Incorporatlng the Dllrector's Report) Year ended 31st March 2024 Structure, governance and management Flame Trust Limited was Incorporated as a private Gompany limited by guarantee without share c8pltal on 22nd December 2008 and reglstered as a charlty on 18th February 2009 operating under charity number 1134374. Trustees are appointed and removed.by a unanimous resolutlon of a meeting of Trustees. The trustees are ultlmately responsible for the decision-making of the organisation but day-to-day operation cf the activities of the charity are delegated to our appointed CEO, The trustees meet regularly throughoul the year to review and oversee the sffalrs of the charity, Small company provlslons This report has be@n prepared in accordan with the provlslons applicable to companles entitled to the small cotnpany's exemption. The trustees, annual report was approved on 24th October 2024 and signed on behalf of the board of trustees by: Miss J O Beardsmore Trustee
Page 4 Flame Trust Limlted Company Limited by Guarantee Independont Examlner's Report to the Trustees of Flame Trust Llmited Year ended 31st March 2024 I report to the trustees on my examinatlon of the financial statements of Flame Trust Limlted ('the Gharity,) for the year ended 31 st March 2024. Rosponsibilities and basls of report As the truste&s of the company {and also its director5 for the purposes of company law) you are responsible for the preparation of th& financial statements In accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Havlng satlsfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for indgpendent examination, I report in respect of my examinatlon of the charlly's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act,), In carrying out my examinatlon I have followed the Directions given by the Charity Commission under section 145(5){b) of the 2011 Act. Independont examinor's statement I have completed my examinaÉion. I confirm that no matters have come to my attention in conneGtion with the examination giving me cause to b@lieve'. accounung records were not kgpt in respect of the charity as requlred by section 386 of the 2006 Act,. or the financial statemenls do not accord with those records., or the financi81 statements do not comply wlth the accounting requirements ofs8clion 396 ofthe 2006 Act other than any requirement that the acwunts give a 'true and fairf view whiGh 18 not a matter considered as part of an independent examination,. or the financial statements have not been prepared in accordance wlth the methods and prlnciples of the Ststement of Recommended Practice for accounting and repDrting by charities applicable to charities preparing thelr accounts in accordance wllth the Financial Reporting Standard applicable in the UK and Republlc of Ireland {FRS 102). I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Mr A A B Grainger FCA Griffiths and Pegg Chartered Accountants Independ8nt Examiner 3 Hagley Court South Waterfront East Level Street Brierley Hall West Midlands DY5 1XE
Page 5 Flame Trust Limited Company Lirnite by Guarantee Statement of Flnancial Activities (Including income and expenditure account) Year ended 31 st March 2024 2024 - Unr6strtctet - Roslrtcted funds funds Total funds Total funds 2023 Nots nGome and endowrn8nts Donations and legaci8s Charitable activities Investment income 52,752 100,198 9,796 14,920 67,672 100,198 9,796 72,315 1,388 7,271 80,974 Total Income 1e2,746 14,92D 177,666 Expenditure Expenditure on raising funds: Inveslm8nt management cosls Expenditure on charitable actlvltles Other expenditur& Total expenditure 1,765 174,849 121 592 16,960 2,357 190,809 121 2,839 95.848 9,10 12 17e,735 16,552 193,287 98,687 Net gains on investments 13 10,000 Net expanditure (13,989) (1,632) (15,621) (7,713) Transfgrs between funds (8,852) 8,852 Net movement in funds {22,841) 7,220 {15,621) {7,713) ReconGiliatlon of funds Total funds brought forward Total funds carried forward 426,129 87,303 513,432 521,145 403,288 94,523 497,811 513,432 The statement of financial activilies includes all gains and losses recognised In the year. All Income and expenditure derive from conlinuing activities. The notes on page8 8 to 19 form part of these flnanclal statements.
Page 6 Flame Trust Limited Company Llmlted by Guarantee Statement of Financial Position 31st March 2024 2024 2023 Nole -Fixed assèts Tangible fixed assets 1nvestme.nts 399 235,000 121 235,000 235,399 235,121 Current assets Debtors Cash at bank and in hand 21 6,484 263,301 45,476 281,6D7 269,785 327,083 Creditors: amounts falling due withln one year Net current assets 23 (7,373) (48,772} 278,311 282,412 Total assets less current Ilabllitlgs 497,811 497,811 513,432 Ngt assets 513,432 Fund5 of the charlty Restricted funds Unrestricted funds 94,523 403,288 87,303 426,129 S13,2 Total charity funds 25 497,811 For lh6 year ending 31st March 2024 the charity was entitled to exemption from audit under seclion 477 of the Companies Act 2006 relating to small companies, Directors, responsibilities,, The members have not required Ihe company to obtain an audit of ils financial statements for the year in question in accordanGe with section 476., The directors acknowledge their responsibilities for complying with Ihe requirements ofthe Act with respect to accounting records and the preparatlon of financlal statements. These financial statements have been prepared in accordance with the provisions appllcable to companies subject to the small companies, regime. The statement of financial position continues on the following page. The notas on pagos 8 to 19 form part of these flnancial statements.
Page 7 Flame Trust Limited Company Llmited by Guarantee Statement of Flnancial Position (continued) 31st March 2024 These flnancial statements were approved by the board of trustees and authorised for issua on 24th October 2024, and are sl9ned cn behalf of the board by.. Mlss J O Beardsmore Trustee The notes on pages 8 to 19 form part of these financial statement8,
Page 8 Flame Trust Limited Company Limited by Guarantee Notes to the Fllnancial Statements Year ended 31st March 2024 General information The charity 15 a publiG benefit entity and.a- private company limited-by guaranteo-, reglstered. in England and Wales and a registered Charity in England and Wa168. The address of the registered office is 24 Robert street, Lower Gornal, Dudley, West Midlands, DY3 2AY. statoment of compllance These financial statements have been prepared in compllance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Flepublic of Ireland,, the 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) ICh8rlties SORP (FRS 102)) and the Companies Act 2006. Accountlng pollGi68 Basis of preparation The finanGial statements have been prepared on the hislorical Gost basis, 8s modlfled by the revaluation of certaln financlal assets and liabllities and Investment properties measured at fair value through income or expenditure, The financial statement8 are prepared in sterling, which is the functlonal currency of the entity. Going concern There are no materlal uncertainties about the charity's ability to continue. Dlsclosure exemptlons The trustees have taken advantage of the exemption In FRS 102 from including a cash flow statement in the financial statements on the grounds that the company is a small entity. Judgements and key sources of estlmatlon uncertainty The preparation of the financial statements requires management to make Judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factor8, Including expectstions of future events that are believ6d to be reasonable under the clrcumstance8. Fund accountlng Unrestricted funds are available for use at the discretion of the trustees in furtheran of the purposes of the charlty, Designated funds are unrestricted funds earmarked by the trustees for specific purposes. Re8tricted funds are subjected to restrictions on their expenditure impos6d by the donor.
Page 9 Flarne Trust Limited Company Limited by Guarantee Notes to the FnancIal Statements (continued) Year endod 31st March 2024 Accounllng pollcles (contlnued) Incoming resources All income is included in the ststement of flnanclal actlvitles when entitlement has passed to the charity, it Is probable that the economic benefits associated wlth the transaction will flow to the charity and the amount can be rellably measured. The following sp6cific policies are applied to particular categories of income.. Incomg from donations or grants is recognised when there Is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a parti¢ular purpose and returned if unspent, in which case it may be regarded as restricted. Resources expanded Expenditure is recognised on an accruals basis as a liability is incurred and Is classified under headings of the statemant of financial activities to which it relates: expendlture on raising funds includes the costs of all fundralsing actlvtties, events, non- charitable tradlng actlvlties, and the sal8 of donated goods. expendlture on charltable activities includes all costs incurred by a charity in underlaklng activities that 'lurther its charltable aims for the benefit of its beneficiaries, including thDse support costs and costs reSating to the governance of the charity apportion8d to Gharitable activities. other exp8nditure includes all expenditure Ihat is nelther related to raising funds for the charity nor part of its expenditure on charitable activltles. All costs are allocated to expenditur8 categories refiecting the use of the resource. Direct Costs attributable to a single activity are allocated dlrectly to Ihat activity. Shared costs are apportloned between the aGtivities they contribute to on a reasonable, jusliflable and Consistent basis. Tangible assets All fixed assets are initially recorded at cost. Depreclatlon Depreciation is calculated so as to write off the cost or valuation of an 8sset, less its residual value, over the useful economic lifo of that asset as follows: Equipment 20Yo Straight line Investments Unllsted equity investments ar& initially recorded at cost, and subsequently measured al fair value. If fair value cannot be reliably measured, assets are measured at cost less impalrment.
Page 10 Flame Trust Limited Company Lirnited by Guarantee Notes to the Financlal Statements (contlnued) Year ended 31st March 2024 Accounting polici85 {Gon*lnu•d) Dnvestments (cuntinuedj Listed investments are measured at falr value with changes in fair value being rocognised in income or expenditure, Investment property Investment property is initially recorded at cost, whlch includes purchase price and any directly atliibutable expenditure. Investment property is revalued to its falr valu8 at each reporting date and any changes in fair value are recognised In profit or loss. If a reliable measure of fair value is no longer not available without undue cost or effort for an item of investment property, It shall be transferred to tanglble assets and Ireated as such until it is expected that fair value will be reliably measurable on an on-golng basls. Flnanclal Instruments A financial asset or a financial liability is r8cognised only when the entity becomes a party to the contractual provisions of the instrument. Basic flnanclal instruments are Inltially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognlsed at Ihe present value of the future payments di8counted at a market rate of interest for a similar debt instrument, Current assets and current Ilabilitles are subsequently measured at the Cash or other consideration expeGted to be paid or received and not discounted. Deflned contrlbutlon plans Contributions to defined contribution plans are recognised as an expense in the period in which the expenses is incurred. Llmlt8d by guarantee Flame Trust Llmited is a company limited by guarantee and 8ccordingly does not have a share capltal. Every member of the company undertakes to contrlbute such amount as may be required not exceeding £1 to the assets of the charitable company in th8 ovont of its belng wound up while he or sh8 is a member, or within one year after he or she ceases to be a mèmber.
Page 11 Flame Trust Lqmited Company Llmit•d by Guarantee Notes to the Financial Statements fcondnue(l) Year ended 31 st March 2024 Donations and 18gacles Unrestrieted Funds .Restricted- Total Funds Funds 2024 Donatlons General Fund Dave Pope Support Fund Special Projects Fund ProjeGt and Event Development Fund 6,218 37,190 3,50D 5,844 6,218 37,190 18,420 5,844 14,920 Legacies G8neral Funds 52,752 14.920 67,672 Unrestricted Funds Restricted Total Funds Funds 2023 Donations General Fund Dav8 Pope Support Fund Special Project8 Fund Projecl and Event Development Fund 13,272 32,065 19,258 2.763 13,272 32,065 19,258 2,763 LegaGigS General Funds 4,957 4,957 72,315 72,315 Charitablg activitles Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Prolect and Event Management Income 100,198 100,198 1,388 1,388 Investment income UnrestrICt Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Ront received Bank Interest receivable 6,660 3,136 6,660 3,136 6,660 611 6,660 611 9,796 9,796 7,271 7,271
Page 12 Fuame Trust Limited Company Limlted by Guarantee Notes to the Financial Statements (continued) Year ended 31st March 2024 Investment management costs Unrestrlcted Funds - Restricted Totsl_Funds Funds 2024 Investment property management costs 1,765 592 2,357 Unrestricted Funds Restricted Tot81 Funds Funds 2023 Investment property management costs 2,839 2,839 Expenditure on charilable activities by fund type Unrestricted Funds Restricted Total Fund8 Funds 2024 General Funds Travel Bursary Fund Dave Pope Support Fund Special Projects Fund Event and Proj8Ct Development fund Chaplaincy Fund Support costs 21,494 3,632 29,327 21,494 3,632 29,327 480 93,867 850 41,159 190,809 480 93,867 850 14,630 26,52g 174,849 15,960 UnrestrScted Funds Restricted Total Funds Funds 2023 General Funds Travel BurBary Fund Dave Pope Support Fund Special Projects Fund Event and Project Development fund Chaplaincy Fund Support costs 20,900 1,428 28,g73 3,036 1,985 20,900 1,428 28,973 3,036 1,985 1,238 38,288 95,848 1,238 190 38,098 g4,420 1,428
Page 13 Flame Trust Limited Company Lirnited by Guarantee Notes to the Financial Statements (ntinUed) Year ended 31st March 2024 10. Expendlture on charitable activitles by actlvity typ8 Activities undertaken directly Support Total funds costs 2024 Total fund 2023 General Funds Trav81 Bursary Fund Thai Hardship Fund Dave Pop8 Support Fund Special Projects Fund Event and Project Development fund Chaplaincy Fund Governance costs 21,494 3,632 16,192 37,686 3,632 36,259 1,428 500 30,827 20,130 2,096 1,428 3,180 29,327 480 93,867 850 2,142 18,630 702 31,469 19,110 94,569 850 3,493 190,809 3,493 149,650 41,159 95,848 11. Analysis of support costs Project and Special Event Projects Developme Funds nl Fund Total 2024 Total 2023 Dave Pope Support Fund General Funds Staff costs Communlcations and IT General office Governance costs Depreclation Donations 12,384 12,384 11,967 148 3,560 911 1,231 1,059 5,959 951 4,574 466 702 3,493 100 3,493 100 18,164 3,180 61 17,555 38,288 18,164 19,685 2,142 18,630 702 41,159 12. Other expenditure Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Loss on disposal of tangible fixed assets held for charity's own use 121 121 13. Net gains on Investments Unrestricted Total Funds Unrestrlcted Total Funds Funds 2024 Funds 2023 Gainsl(lasses) on investment property 10,000 10,000
Page 14 Fllame Trust Limlt d Company Llmited by Guarantee Notes to the Flnancial Statements (cantlnued) Year ended 31st March 2024 14. Net expenditure Nel expendlture-is stated after chargingl(¢rediting):_-- 2024 2023 Depreciation of tangible fixed assets Loss on dlsposal of tanglble fixed assets 100 121 61 15. Ind8p8ndent examlnation feas 2024 2023 Fees payable to the independent examiner for.. Independent examination of Ihe financial statem8nts Other financial servlces 3,420 73 3,180 73 3.493 3,253 16. Staff Gosts The total staff costs and employee benefits for fhe reporting period 8re analysed as follows,, 2024 2023 Wages and salaries Employer contributions to pension plans 61,578 623 59,773 592 62,201 60,365 The average head count of employees during the year w8s 3 {2023.' 3). The average number of full-tlme equivalent employees during the year is analysed as follow8.. 2024 2023 No, Number of staff No employee received employee benefits of rllore than £60,000 during the year {2023. Nil), 17. Trustee remuneration and expenses No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
Page 15 Flame Trust Limlte Company Llmlted by Guarantee Not8s to the Financial Statements {continuèdJ Year ended 31st March 2024 18. Transfers betwoen funds -Duriiig-Ihgy8aF-the following transfer8 were made btheen general, designated-and r.estricted_ funds. 15 % of the donations received during the year by the Dave Pope Support Fund £5,578 was transferred from th& Fund to General Funds. This INas to refleol the administrative costs borne on behalf of, and the support giv&n to the Dave Pope Support Fund. the balances on the Project and Event Development Fund were transferred to General Funds followlng the completion of proje¢ts as follows: £5,424 was tran8ferred to General Funds £3,lJ49 was transferred to Ihe Travel Bursary Fund - £1,550 was transferred from General Funds to the Special Projects Fund lo provide funds for the Isma Pinta project. Withln the Speclal Projects Fund, The Romania Playground projeGt was reassigned as a restrlcted fund during the year and £8,852 was transferred from general to restricted funds. 19. Tangib18fixed assets Equlpmenl Total Cost At1 st April 2023 Additions Disposals At 31sl March 2024 4,602 499 (2,003) 3,098 4,602 499 (2,0031 3,098 Depreciation At 1st April 2023 Charge for the y8ar Disposals At 31st March 2024 4,481 100 11,882) 2,699 4,481 100 {1,882) 2,699 Carrylng amount At 31st March 2024 399 399 At 31 st March 2023 121 121
Pag8 16 Flame Trust Limited Com any Llmlted by Guarantee Notos Éo the Financial Statements fcontinued) Year ended 31st March 2024 20. Investment8 -.In.vestmeot propertles Cost or valuation At 1st Aprll 2023 and 31st March 2024 Impalrment At 1st Aprll 2023 and 31st March 2024 Carrylng amount At 31st March 2024 235,000 235,000 At 31 st March 2023 235,000 All investment8 shown above ar8 held at valuation, 21. Debtors 2024 2023 Prepayments and acGrued income 6,484 45,476 22. Investments Investment property is Initially recorded at cost, which Includes purch8se pric@ and any directly attributable expenditure, Investment property is revalued to its fair value at each reporting date and any Ghanges in fair value are recognised in profit or loss. If a reliable measure of fair value is no longer not available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and Ireated as such until it is expected that fair value will be reliably measurable on an on-going basis,
Page 17 Flame Trust Limited Company Limited by Guarantee Notes to the Financial StafLements (continugd) Year ended 31st March 2024 23. Crgditors: amounts falling due within one year 2.024 2023 Trade creditors Accruals and deferred income Social security and other taxes Other credStors 581 45,787 2,272 132 3,300 3,242 139 7,373 48,772 24. Pensions and other post-retlrement beneflts Defined contrlbutlon plans Th@ 8mount recognised in income or expenditure as an expens6 In relation to defined contrlbutlon plans was £623 {2023.- £592).
Page 18 Flame Trust Limited Company Limlted by Guarantee Notes to the Financlal Statements (continued) Year ended 31st March 2024 2J. Analysis of charitable funds Unrestr5cted funds At 1 Apr 2023 Gains and At 31 Mar losses 2024 Income Expenditure Transfers General Fund Timothy Fund Bursary and Travel Fund Thai Hardship Fund Dave Pope Support Fund Special Projects Fund Events and Project Developm@nt Fund 304,473 10,310 16,015 {43,065) 9,451 286,874 10,310 11,847 (3,632) 3,04g 11,264 90,647 37,190 (31,469) (5,578) 90,790 8,852 3,500 (4,000} (7,302) 1,050 106,041 (94,569) 162,746 (176,735) (8,472) {8,852} 3,000 426,129 403,288 At 1 Apr 2022 Gains and At 31 Mar losses 2023 Income Expenditure Transfers General Fund Timothy Fund Bursary and Travel Fund Thai Hardship Fund Dave Pope Support Fund Special Projects FLtnd Events and Project Development Fund 299,192 10,310 25,500 (42,2761 12,057 10,000 304,473 10,310 13,275 (1,4281 11.847 1,144 (500) 1644) 94,220 32.065 (30,828) {4,810) 90,é47 9,273 19,258 {20,1311 452 8,852 5,000 4,151 {2,096} (97,259) {7,055} 432,414 80,974 10,000 426,129
Page 19 Flame Trust L,fjmited Company Limited by (>uariintee Notps to the Financial Staternents (contlnued) Year ended 31st March 2024 25. AnaSysls of charil'able funds (Gontlnufjd) Rastricted funds At 1 Apr 2023 Gains and At 31 Mar losses 2024 Income Expenditure Transfers Memorial Fund The Ruiton Street Development Fund Chaplaincy Fund Speclal Projects Fund 1,347 1,347 84,326 1,630 (5931 (8601 83,733 780 14,920 115,1091 {16,552) 8,852 8,663 87,303 14,920 8,852 94,523 At 1 Apr 2022 Gains and At 31 Mar losses 2023 Income Expenditure Transfers Memorlal Fund The Ruiton Street Development Fund Chaplaincy Fund Speclal Projects Fund 1,347 1,347 84,326 3,058 84,326 1,830 (1,4281 88,731 (1,4281 87,303 26. Analysis of net assets between funds Unrestrl¢ted Funds Restricted Total Funds Funds 2024 Tangible fixed assets Investmenls Current asspts 399 235,000 167,889 399 235,000 262,412 497,811 94,523 94,523 Net assgts 403,288 Unrestricted Funds Restricted Total Funds Funds 2023 Tangible fixed assets Investmenls Current assets 121 235,000 191,008 426,129 121 235,000 278,311 87,303 Net assets 87,303 513,432
Page 20 Flame Trust Lqmited Company Llmited by Guarantee Managernent Infomiation Year ended 31st March 2024 The following pages do not form part of the finan¢ial stalements.
Page 21 Flame Trust Limited Cornpany Limited by Guarantee Detailed Statement of Financial Activities Year ended 31 st March 2024 2024 2023 Income and endowments Donations and legacies General.Fund Dave Po,pe Support Fund Special Projects Fund Project and Event Development Fund General Funds 6.218 37.190 18,420 5,844 13.272 32,065 19,258 2,763 4,957 67,672 72,315 Charitabl8 actlvlties Project and Event Management Income 100,198 1,388 InvostmBnt income Rent received Bank interest receivable 6,660 3,136 6,660 611 9,796 7,271 Total income 177,666 80,974 Expenditure Investment management costs Investment property management costs 2,358 2,839 Expenditure on charltable actlvitips Wages and salarles Pension costs Insurance Travel, subsistence and entertalning Legal and professional fees Telephone Office costs Depreclation Sundry expenses Event expenses Donations Chaplalncy costs 61,578 623 989 5,116 3,493 1,059 4,636 100 333 93,867 18,164 850 59,773 592 942 5,999 3,180 951 3.339 61 293 1,985 17,555 1,178 190,808 95,848 Other expendlturg Loss on disposal of tangible Fixed assets held for charity's own use 121 Total expendlture 193,287 98,687
Page 22 Flame Trust Lfjmited Company Limited by Guarantee Detailed Statement of Financlal Activities {contlnuedJ Year endod 31st March 2024 2024 2023 Net gains on-investmants Gainsl{losses) on investment properly 10,000 Net expanditure 15,621 7.713
Pago 23 Flame Trust Li ited Company Limited by Guarantee Notes to the Detailed Statement of FtnanGlal Activities (continued) Year ended 31st March 2024 2024 2023 2024 2023 Expendltur8 on charitable actlvlties General Funds Actlvlties undertaken dlrectly Wages and salaries Pension costs 21,099 395 20,475 425 21,494 20,900 Support costs Wages and salaries Pension costs InsLtranGe Telephone Cffice Costs Depreciation Sundry expenses 12,156 228 989 148 2,237 100 333 11,80D 1e7 942 280 1,816 61 293 16,191 15,359 Travel Bursary Fund Activities undertaken directly Travel, subsistence and entertaining 3,632 1,428 Thai Hardshlp Fund Support costs Donations 500 Dave Pope Support Fund Activities undertaken directly Wages and salaries Trav81. subsistence and entertaining 28,323 1,004 27,498 1,475 29,327 28,973 Support costs Telephone Office costs 911 1,231 671 1,183 1,854 2,142
Pago 24 Flame Trust Limited Company Limited by Guarantee Not,es to the Detalled Statement of FInancIa Activities (continue Year ende.d 31st March 2024 2024 2023 Spe¢lal Projects Fund Activltles undertaken dlre¢dy Travel, subsistence and entertaining Support costs Office Costs Donations 480 3,036 229 16,865 17,094 18,164 18,630 Event and Project Dev8lopment fund Activiti8s undertaken directly Event expenses Support costs Office costs 93,867 1,985 702 111 Chaplalncy Fund AGtivltles undertaken dir8CtIy Travel, subsistence and entertainlng Chaplaincy 850 1,178 1,238 850 Support Gosts Donations 190 Governance costs Accountancy fees 3,493 3,180 Expenditure on charltablo activitles 190,808 95,848