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|Trustees||||Mr A Mayo||||
|---|---|---|---|---|---|---|---|
|||||Mr I Mayo||||
|||||Mrs J Mayo||||
|Charity|number|||1134634||||
|Company||number||07163237||||
|Registered|||office|Offord Manor||||
|||||Offord||||
|||||Kent||||
|||||TN15 6XF||||
|Independent|||examiner|John Caladine||FCCA CTA FOIE||
|||||Caladine
Limited||||
|||||Chantry
House||||
|||||22 Upperton|Road|||
|||||Eastbourne||||
|||||East Sussex||||
|||||BN21 1BF||||
|Bankers||||Metro Bank||||
|||||One Southampton|||Row|
|||||London||||
|||||WC1B 5HA||||
##
|||Page|
|---|---|---|
|Trustees'
report|||
|independent
examiner's
report|||
|Statement offinancial|activities||
|Statement offinancial|position||
|Statement ofcash flows|||
|Notes to the financial|statements|7-14|
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|||||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|---|---|
|||||||funds|funds|
|||||||2023|2022|
||||||Notes|6|E|
|Income from:||||||||
|Donations
and legacies||||||600,000|200,000|
|Investments||||||23,206|10,535|
|Total income||||||623,206|210,535|
|Expenditure
on:||||||||
|Raising funds||||||5,665|6,658|
|Charitable
activities||||||57,431|50,127|
|Total expenditure||||||63,096|56,785|
|Net gains/(lasses)||on investments||||(44,463)|13,601|
|Net income and movement|||in funds|||515,647|167,351|
|Reconciliation|of|funds:||||||
|Fund balances at 1 March 2022||||||918,038|750,687|
|Fund balances|at|20 February||2023||1,433,685|918,038|
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||||2023||2022||
|---|---|---|---|---|---|---|
|||Notes|6||||
|Fixed assets|||||||
|Property,
plant and|equipment|13||596,288|||
|Investments||14||638,606||659,717|
|||||1,234,894||659,717|
|Current assets|||||||
|Trade and other receivables||15|501||||
|Cash at bank and|in hand||202,306||260,359||
||||202,807||260,359||
|Current liabilities||16|4,016||2,038||
|Net current assets||||198,791||258,321|
|Total assets less|current liabilities|||1,433,685||918,038|
|The funds ofthe|trust||||||
|Unrestricted
funds||||1,433,685||918,038|
|||||1,433,685||918,038|
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|||||2023||2022||
|---|---|---|---|---|---|---|---|
||||Notes|6||E||
|Cash flows from operating|activities|||||||
|Cash generated
from operations|||19||546,803||145,253|
|Investing
activities||||||||
|Purchase
ofproperty,
plant|and|equipment||(604,710)||||
|Purchase
ofinvestments||||(119,652)||(88,181)||
|Proceeds from disposal of investments||||96,300||80,202||
|Investment
income received||||23,206||10,535||
|Net cash (used in)/generated||from||||||
|investing
activities|||||(604,856)||2,556|
|Financing
activities||||||||
|Repayment
ofborrowings||||||(2,847)||
|Net cash used in financing|activities||||||(2,847)|
|Net (decrease)/increase
in cash and cash||||||||
|equivalents|||||(58,053)||144,962|
|Cash and cash equivalents|at beginning||ofperiod||260,359||115,397|
|Cash and cash equivalents|at end of||period||202,306||260,359|
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|||Unrestricted|Unrestricted|
|---|---|---|---|
|||funds|funds|
|||2023|2022|
|||f|f.|
|Rental|income|10,000||
|Income|from listed investments|8,499|6,646|
|Interest|receivable|4,707|3,889|
|||23,206|10,535|
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|Unrestricted|Unrestricted|
|---|---|
|funds|funds|
|2023|2022|
|5,665|6,658|
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||||Charitable|Chaditable|
|---|---|---|---|---|
||||expenditure|expenditure|
||||2023f|2022|
|Direct costs|||||
|Depreciation|and|impairment|8,422||
|Property costs|||2,360||
|Bank Charges|||125|70|
|Foreign exchange||(gains)/losses|(1,368)|(532)|
|Sundry expenses||||26|
||||9,539|(436)|
|Grant funding|ofactivities (see note 7)||45,437|49,663|
|Share ofsupport||and governance costs (see note 8)|||
|Governance|||2,455|900|
||||57,431|50,127|
|Analysis
by|fund||||
|Unrestdicted|funds||57,431|50,127|
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||||||Charitable|
|---|---|---|---|---|---|
||||||expenditure|
|||||2023|2022|
|||||6|6|
|Grants to institutions:||||||
|Church
building
project - outside||UK|||33,264|
|Micro grants|to local UK churches|||508|691|
|Humanitarian|aid grant to a church||in the Middle East|32,660|4,051|
|Grain of Mustard Seed School||||8,511||
|Humanitarian|aid to Ukraine|||1,450||
|||||43,129|38,006|
|Grants to individuals||||2,308|11,657|
|||||45,437|49,663|
|Support costs allocated to activities||||||
|||||2023|2022|
|||||6|6|
|Governance|costs|||2,455|900|
|Analysed
between:||||||
|Charitable
expenditure||||2,455|900|
|||||2023|2022|
|Governance|costs comprise;|||6||
|Accountancy||||2,160|900|
|Legal snd professional||||295||
|||||2,455|900|
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|The average|monthly
number ofemployees
during|monthly
number ofemployees
during|monthly
number ofemployees
during|monthly
number ofemployees
during|the|period was:|||
|---|---|---|---|---|---|---|---|---|
||||||||2023|2022|
||||||||Number|Number|
|Total|||||||||
|There were no employees|||whose annual
remuneration|||was more than 660,000.|||
|Remuneration|of|key management||personnel|||||
|The remuneration||ofkey|management|personnel|is as|follows.|||
|11|Gains and|losses on investments|losses on investments|||
|---|---|---|---|---|---|
|||||Unrestricted|Unrestricted|
|||||funds|funds|
|||||2023|2022|
||Gains/(losses)||arising on:|f||
||Revaluation|of|investments|(38,724)|1,818|
||Sale of investments|||(5,739)|11,783|
|||||(44,463)|13,601|
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|Properly,
plant and|equipment||||
|---|---|---|---|---|
|||Freehold land|Fixtures and|Total|
|||and buildings|fittings||
|Cost|||||
|Additions||603,589|1,121|604,710|
|At 20 February 2023||603,589|1,121|604,710|
|Depreciation
and impairment|||||
|Depreciation
charged|in the period|8,048|374|8,422|
|At 20 February 2023||8,048|374|8,422|
|Carrying
amount|||||
|At 20 February 2023||595,541|747|596,288|
##
|14|Fixed asset investments|||
|---|---|---|---|
||||Listed|
||||investments|
||Cost or valuation|||
||At 1 March 2022||659,717|
||Additions||119,652|
||Valuation changes||(38,724)|
||Disposals||(102,039)|
||At 20 February 2023||638,606|
||Carrying
amount|||
||At 20 February 2023||638,606|
||At 28 February 2022||659,717|
|15|Trade and other receivables|||
|||2023|2022|
||Amounts
falling due within one year:|6|6|
||Prepayments
and accrued income|501||
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|||||2023f|2022
6|
|---|---|---|---|---|---|
|Accruals|and|deferred|income|4,016|2,038|
##
|At 1 March|At 1 March|At 1 March|Incoming|Incoming|Resources|Gains and||At 20|
|---|---|---|---|---|---|---|---|---|
|||2022|resources||expended|losses February||2023|
|||8||8|8|||8|
|General funds|918,038|||623,206|(63,096)|(44,463)|1,433,685||
|Previous year:
At 1 March|||Incoming||Resources|Gains and||At 28|
|||2021f|resourcesf||expended
6|losses February||2022
6|
|General funds|750,687|||210,535|(56,785)|13,601|918,038||
|Related party transactions|||||||||
|There were no disclosable
related party|transactions||during the||period (2022 - none).||||
|Cash generated
from operations||||||2023||2022|
|Surplus for the period||||||515,647|167,351||
|Adjustments
for:|||||||||
|Investment
income recognised
in statement||offinancial||activities||(23,206)|(10,535)||
|Loss/(gain)
on disposal ofinvestments||||||5,739|(11,783)||
|Fair value gains and losses on investments||||||38,724||(1,818)|
|Depreciation
and impairment
of property,|plant and||equipment|||8,422|||
|Movements
in working
capital:|||||||||
|(Increase)
in trade and other receivables||||||(501)|||
|Increase
in trade and other payables||||||1,978||2,038|
|Cash generated
from operations||||||546,803|145,253||
|Analysis ofchanges
in net funds|||||||||
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