Annual Report and Financial Statements for the Year Ended 31 August 2022
## All Nations Charitable Trust
Charity registration number: 1135606
Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF
## **ALL NATIONS CHARITABLE TRUST**
## **CONTENTS**
|Reference and Administrative Details|1|
|---|---|
|Trustees' Report|2 to 5|
|Independent Examiner's Report|6|
|Statement of Financial Activities|7|
|Balance Sheet|8|
|Notes to the Financial Statements|9 to 18|
## **ALL NATIONS CHARITABLE TRUST**
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Trustees**
Mahongo Shibemba Johanna de Leeuw van Weenen Marilyn Morrison (resigned 2 March 2022) Jonny Carr (appointed 2 March 2022)
**Charity Registration** 1135606 **Number Principal Office** Centre For All Nations 25 Waterloo Street Oldham OL1 1AQ **Independent Examiner** G W Schulz ACMA Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF **Bankers** Virgin Money Clydebank G81 2NR
Page 1
## **ALL NATIONS CHARITABLE TRUST**
## **TRUSTEES' REPORT**
The trustees present the annual report together with the financial statements of the charity for the year ended 31 August 2022.
## **Structure, governance and management**
## _**Nature of governing document**_
All Nations Charitable Trust is a registered charity, number 1135606, and is constituted under a Trust deed.
## _**Recruitment and appointment of trustees**_
The management of the charity is the responsibility of the trustees who are elected and co-opted under the terms of the Trust deed.
## _**Organisational structure**_
There are currently three trustees who meet periodically to review legal & financial strategy and financial performance. Contact is maintained in between meetings to monitor the cash-flow, legal procedures, and general governance of the charity. The trustees for the period reported were:
- Marilyn Morrison - resigned March 2022
- Mahongo Shibemba
- Johanna Petra De Leeuw Van Weenen
- Jonathan Carr – appointed March 2022
The trustees work together with the Eldership of the Church to ensure the charity is working in line with legal obligations and the charity’s Christian purpose. The Elder of the Church for the period reported was:
- Ezekiel Shibemba
## _**Risk management**_
The trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
## **Objectives and activities**
## _**Objects and aims**_
The principal object of the charity is to promote the Christian faith through the proclamation and furtherance of the gospel of God concerning his son Jesus Christ and the teaching and preaching of the Christian faith; and the relief of persons who are in conditions of need, hardship, distress or who are aged or sick. The Trustees oversee the policies of the Charity, and ensure that funds are deployed to meet the charity objectives.
## _**Public benefit**_
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Page 2
## **ALL NATIONS CHARITABLE TRUST TRUSTEES' REPORT (CONTINUED)**
## **Achievements and performance**
## _**Review of activities**_
The charity sought to meet its objectives through teaching and preaching the Christian message, with many people coming to church events, and many more contacted in the wider Oldham area. The period reviewed included focused work to support people through the pandemic through pastoral care, awareness raising to improve Covid vaccination uptake - including Debunking religious misinformation and practical help. The Charity’s work in this respect was recognised by the local authority through the Oldham Community Champions Initiative.
Our main charitable objectives continued to be promotion of the Christian faith and alleviating poverty. These were achieved through christian teaching and outreach in kind, and in person, with the result of some people becoming Christians and new members being added to the church. We saw approximately 20 new people regularly join our church gatherings most of whom said they watched our media broadcasts during the Covid lockdown months, were strengthened and decided to be part of the church. Through our Poor and Needy initiative, we supported the most vulnerable by providing Food and Hygiene Bags of Hope to the most vulnerable families and to vulnerable women in our community. We continued to partner with two primary schools to provide Food Bags of Hope, up to 30 bags per month to 30 families identified by the schools as facing food poverty, either because of not having entitlement to benefits or due to working parents’ low income. This year saw our strongest collaboration with the local authority and public health agencies through the Oldham Community Champions initiative. We supported a community response to the pandemic locally, enabling positive change in communities most adversely impacted by the pandemic. We received a grant from the Community Champions Fund and another from the One Oldham Medium Grant through Action Together Oldham which supported the above initiatives and enabled us to refresh our work club content to help people back into work as the pandemic restrictions eased. We purchased equipment to instal a commercial kitchen as well as accessible toilets although actual installation was not completed during the financial year due to contractor availability. We also invested in café seating and equipment, and launched Coffee, Cake and Company café, to help people begin to socialise again after the Covid lockdown with many people positively reporting that the café helped them regain confidence in social settings.
The charity continued to relate with other charities that work with a similar ethos across the United Kingdom and abroad. The elder of the Church continued to be involved in teaching at a full time Bible School in Wales, and at a theological college accredited by a large city University in England. The charity continued to partner with churches in Eswatini and supported a pastoral visit to Eswatini. For the first time, the Charity supported a pastoral visit to a church in Zambia that works with a related charity in the United Kingdom.
Page 3
## **ALL NATIONS CHARITABLE TRUST**
## **TRUSTEES' REPORT (CONTINUED)**
Refurbishment of the church building and community space continued to be delayed due to the pandemic and remains a priority once public health restrictions are removed. Whilst awaiting the major refurbishment, we did build a side wall to replace an exterior double door. This improved energy efficiency. We also undertook general maintenance of the building to a deliver a much improved space. This resulted in interest from community groups wanting to hire the building for their activity, and we expect room hire and conferencing to increase in the next financial year.
## **Plans for future periods**
The charity aims to retain financial independence by increasing membership donations and increasing building hire. There have already been enquiries from organisations wishing to hire the building for corporate events and it is anticipated that income from building hire will increase in future years, adding to financial sustainability. The charity plans to increase income from building hire by renovating the building to make it more appealing to clients. To increase the outreach capacity, the charity plans to retain ministry personnel and ministry support.
With grant support, the charity relaunched the work and employability support club and set up a community café to support people to socialise again after the pandemic, and plans to consolidate these in the coming year. The charity will continue to run a youth group, student work, family fun days and play group activities. We will continue to seek active partnership with local public services, the metropolitan Council, and other charities to serve the community and respond to emerging need in our communities. The charity will continue to promote the Christian faith through its faith activities, and in cooperation with related churches locally, nationally, and abroad, whilst ensuring its activities are welcoming to the wider community, and proactive in reaching out to, and supporting people, especially the most vulnerable.
## **Financial review**
## _**Result**_
The charity’s substantive income continued to be from giving by church members through tithes and offerings. The charity also received gift aid and grant income which helped fund charitable activities. Due to the Christian commitment of church members, the charity’s income did not suffer during the pandemic. Anticipated business income was not achieved due to the pandemic. Church membership increased and community members were supported through charitable activities as detailed above.
## _**Going concern**_
After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.
Page 4
## **ALL NATIONS CHARITABLE TRUST**
## **TRUSTEES' REPORT (CONTINUED)**
## _**Policy on reserves**_
The trustees have determined that, in line with their belief that God provides for the work to which He calls His people, no reserves should be unnecessarily built up. The trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This will be based on the charity's size and the level of financial commitments held. The trustees aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure.
## **Statement of Responsibilities**
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The annual report was approved by the trustees of the charity on 27 July 2023 and signed on its behalf by:
......................................... Mahongo Shibemba Trustee
Page 5
## **ALL NATIONS CHARITABLE TRUST**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ALL NATIONS CHARITABLE TRUST**
I report to the trustees on my examination of the accounts of All Nations Charitable Trust for the year ended 31 August 2022.
## **Responsibilities and basis of report**
As the charity trustees of All Nations Charitable Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the All Nations Charitable Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of All Nations Charitable Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
...................................... G W Schulz ACMA Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF
27 July 2023
Page 6
## **ALL NATIONS CHARITABLE TRUST**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2022**
|**Note**
**Unrestricted**
**funds**
**£**
**Income and Endowments from:**
Donations and legacies
2
80,073
Charitable activities
3
-
Investment income
4
-
Total income
80,073
**Expenditure on:**
Charitable activities
5
111,878
Total expenditure
111,878
Net
(expenditure)/income
(31,805)
Net movement in funds
(31,805)
**Reconciliation of funds**
Total funds brought
forward
426,060
Total funds carried
forward
14
394,255|**Restricted**
**funds**
**£**
56,998
40
-
57,038
15,484
15,484
41,554
41,554
11,347
52,901|**Total**
**2022**
**£**
137,071
40
-
137,111
127,362
127,362
9,749
9,749
437,407
447,156|**Total**
**2021**
**£**
101,903
1,397
1|
|---|---|---|---|
||||103,301|
||||116,787|
||||116,787|
||||(13,486)|
||||(13,486)
450,893|
||||437,407|
The notes on pages 9 to 18 form an integral part of these financial statements. Page 7
## **ALL NATIONS CHARITABLE TRUST**
## **BALANCE SHEET AS AT 31 AUGUST 2022**
|**Note**
**Fixed assets**
Tangible assets
9
**Current assets**
Debtors
10
Cash at bank and in hand
**Creditors: Amounts falling due within one year**
11
**Net current assets**
**Total assets less current liabilities**
**Creditors: Amounts falling due after more than**
**one year**
12
**Net assets**
**Funds of the charity:**
**Restricted income funds**
Restricted funds
**Unrestricted income funds**
Unrestricted funds
**Total funds**
14|**2022**
**£**
453,767
453,767
9,439
37,049
46,488
(5,589)
40,899
494,666
(47,510)
447,156
52,901
394,255
447,156|**2021**
**£**
439,851|
|---|---|---|
|||439,851|
|||3,698
48,500|
|||52,198
(4,066)|
|||48,132|
|||487,983
(50,576)|
|||437,407|
|||11,347
426,060|
|||437,407|
The financial statements on pages 7 to 18 were approved by the trustees, and authorised for issue on 27 July 2023 and signed on their behalf by:
.........................................
Mahongo Shibemba Trustee
The notes on pages 9 to 18 form an integral part of these financial statements. Page 8
## **ALL NATIONS CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022**
## **1 Accounting policies**
## **Statement of compliance**
The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
## **Basis of preparation**
All Nations Charitable Trust meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
## **Going concern**
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
## **Income and endowments**
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
## _**Donations and legacies**_
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
## _**Grants receivable**_
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
## _**Gift aid**_
Incoming resources from tax reclaims are included in the Statement of Financial Activities at the same time as the gift to which they relate.
Page 9
## **ALL NATIONS CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 (CONTINUED)**
## _**Interest receivable**_
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
## **Expenditure**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category.
## _**Charitable activities**_
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## _**Grant provisions**_
Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.
## **Tangible fixed assets**
Individual fixed assets costing £500 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
## **Depreciation and amortisation**
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
**Asset class Depreciation method and rate** Freehold property 2% on cost Fixtures and fittings 20% on reducing balance Equipment 20% on reducing balance
## **Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Page 10
## **ALL NATIONS CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 (CONTINUED)**
## **Liabilities**
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
## **Pensions and other post retirement obligations**
The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Page 11
## **ALL NATIONS CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 (CONTINUED)**
## **2 Income from donations and legacies**
|**Unrestricted**
**funds**
**Restricted**
**General**
**£**
**funds**
**£**
Donations and legacies;
Donations
80,073
10,998
Grants, including capital
grants;
Grants from other charities
-
46,000
Other income from
donations and legacies
-
-
80,073
56,998
**_Included in Grants are the following:_**
Action Together - Black History
Action Together - One Oldham Small Grant
Action Together - Covid Community Champions
Action Together - One Oldham Medium Grant|**Total**
**2022**
**£**
91,071
46,000
-
137,071|**Total**
**2021**
**£**
86,481
11,210
4,212|
|---|---|---|
|||101,903|
|||**£**
1,000
10,000
10,000
25,000|
## **3 Income from charitable activities**
|**Unrestricted**
**funds**
**General**
**£**
Bible school
-
**4 Investment income**
Interest receivable and similar income;
Interest receivable on bank deposits|**Restricted**
**funds**
**£**
40
**Restricted**
**funds**
**£**
-|**Total**
**2022**
**£**
40
**Total**
**2022**
**£**
-|**Total**
**2021**
**£**
1,397|
|---|---|---|---|
||||**Total**
**2021**
**£**
1|
Page 12
## **ALL NATIONS CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 (CONTINUED)**
## **5 Expenditure on charitable activities**
|**Note**
Pastoral and support
fees
Premises costs
Utilities
Children's work
Conferences and
events
Catering and
refreshments
Worship
Publicity and flyers
Insurance and
licences
IT and equipment
Legal and
professional fees
Office supplies
Telephone and
broadband
Travel costs
Interest and finance
charges
Miscellaneous
Independent
examination
Depreciation
Grant funding of
activities
6
Staff costs
8|**Unrestricted**
**funds**
**General**
**£**
59,101
3,392
7,836
70
4,259
141
372
203
5,019
1,336
174
1,355
1,403
3,888
1,941
221
1,170
11,118
7,670
1,209
111,878|**Restricted**
**funds**
**£**
-
-
-
-
-
-
342
-
-
-
-
-
-
-
-
-
-
4,234
10,908
-
15,484|**Total**
**2022**
**£**
59,101
3,392
7,836
70
4,259
141
714
203
5,019
1,336
174
1,355
1,403
3,888
1,941
221
1,170
15,352
18,578
1,209
127,362|**Total**
**2021**
**£**
43,313
3,666
4,924
197
1,486
407
148
355
6,465
3,859
3,440
747
720
129
3,696
80
1,140
10,872
24,623
6,520|
|---|---|---|---|---|
|||||116,787|
Page 13
## **ALL NATIONS CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 (CONTINUED)**
## **6 Grant-making**
|**Analysis of grants**
Grants and gifts, Outreach|**Grants to institutions**
**2022**
**£**
**2021**
**£**
5,856
12,221|**Grants to individuals**
**2022**
**£**
**2021**
**£**
12,722
12,402|
|---|---|---|
The support costs associated with grant-making are £Nil (31 August 2021 - £Nil).
## **7 Trustees remuneration and expenses**
No trustees received any remuneration from the charity during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
All decisions for expenditure concerning related parties are made in separate meetings of unrelated trustees.
The pastor, who is the spouse of a trustee, received total remuneration in his role as elder during the year of £40,150 (2021 - £25,900) and reimbursement of expenses amounting to £ 21,963 (2021 - £2,476). Decisions regarding pastoral ministry fees and needs are made by unrelated trustees with spiritual guidance from apostolic leadership with oversight of the church.
Included in ministry support are amounts totalling £18,951 (2021 - £17,339) that were paid to the son of a trustee for work as part of the outreach team, and expenses were reimbursed amounting to £10,884 (2021 - £242).
The son of a trustee received a short term loan of £2,310 towards a deposit for a house. He repaid this loan in full during the financial year.
Page 14
## **ALL NATIONS CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 (CONTINUED)**
## **8 Staff costs**
The aggregate payroll costs were as follows:
|**Staff costs during the year were:**
Wages and salaries
Pension costs|**2022**
**£**
1,209
-
1,209|**2021**
**£**
6,324
196|
|---|---|---|
|||6,520|
The monthly average number of persons employed by the charity during the year expressed as full time equivalents was as follows:
||**2022**||**2021**||
|---|---|---|---|---|
||**No**||**No**||
|Staff||1||1|
No employee received emoluments of more than £60,000 during the year
## **9 Tangible fixed assets**
|**Cost**
At 1 September 2021
Additions
At 31 August 2022
**Depreciation**
At 1 September 2021
Charge for the year
At 31 August 2022
**Net book value**
At 31 August 2022
At 31 August 2021|**Land and**
**buildings**
**£**
463,251
5,855
469,106
29,829
9,382
39,211
429,895
433,422|**Fixtures**
**and fittings**
**£**
9,422
16,386
25,808
5,388
4,085
9,473
16,335
4,034|**Equipment**
**£**
12,993
2,474
15,467
6,045
1,885
7,930
7,537
6,948|**Total**
**£**
485,666
24,715|
|---|---|---|---|---|
|||||510,381|
|||||41,262
15,352|
|||||56,614|
|||||453,767|
|||||444,404|
Page 15
## **ALL NATIONS CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 (CONTINUED)**
## **10 Debtors**
|Accrued income|**2022**
**£**
9,439|**2021**
**£**
3,698|
|---|---|---|
## **11 Creditors: amounts falling due within one year**
|Other loans
Other creditors
Accruals|**2022**
**£**
2,885
-
2,704
5,589|**2021**
**£**
2,705
221
1,140|
|---|---|---|
|||4,066|
## **12 Creditors: amounts falling due after one year**
|Other loans|**2022**
**£**
47,510|**2021**
**£**
50,576|
|---|---|---|
The mortgage with Stewardship services is secured by means of a first Legal Charge over the premises at 25 Waterloo Street, Oldham, OL1 1AQ. The original term was repayable over 15 years and the balance outstanding at 31 August 2021, including the current portion, amounted to £50,395 (2021 - £53,281).
## **13 Pension and other schemes**
## **Defined contribution pension scheme**
The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £Nil (2021 - £196).
Page 16
## **ALL NATIONS CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 (CONTINUED)**
## **14 Funds**
|**Unrestricted funds**
**_General_**
General Funds
**Restricted funds**
Poor fund
Bible school students
Ministries without borders
Specific people
Building fund
Music/PA
Recovery grant
**Total funds**
**Unrestricted funds**
**_General_**
General Funds
**Restricted funds**
Poor fund
Bible school students
Ministries without borders
Specific people
Building fund
Music/PA
Recovery grant
**Total funds**|**Balance at 1**
**September**
**2021**
**£**
426,060
420
-
-
342
6,244
-
4,341
11,347
437,407
**Balance at 1**
**September**
**2020**
**£**
450,883
-
-
-
10
-
-
-
10
450,893|**Incoming**
**resources**
**£**
80,073
2,543
40
1,963
5,600
550
342
46,000
57,038
137,111
**Incoming**
**resources**
**£**
69,538
4,105
1,397
7,646
3,772
6,244
349
10,250
33,763
103,301|**Resources**
**expended**
**£**
(111,878)
(2,963)
(40)
(1,963)
(5,942)
(25)
(342)
(4,209)
(15,484)
(127,362)
**Resources**
**expended**
**£**
(94,361)
(3,685)
(1,397)
(7,646)
(3,440)
-
(349)
(5,909)
(22,426)
(116,787)|**Balance at**
**31 August**
**2022**
**£**
394,255
-
-
-
-
6,769
-
46,132|
|---|---|---|---|---|
|||||52,901|
|||||447,156|
|||||**Balance at**
**31 August**
**2021**
**£**
426,060
420
-
-
342
6,244
-
4,341|
|||||11,347|
|||||437,407|
Page 17
## **ALL NATIONS CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 (CONTINUED)**
## **15 Analysis of net assets between funds**
|Tangible fixed assets
Current assets
Current liabilities
Creditors over 1 year
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Creditors over 1 year
Total net assets|**Unrestricted**
**funds**
**General**
**£**
431,568
15,786
(5,589)
(47,510)
394,255
**Unrestricted**
**funds**
**General**
**£**
439,851
40,851
(4,066)
(50,576)
426,060|**Restricted**
**funds**
**£**
22,199
30,702
-
-
52,901
**Restricted**
**funds**
**£**
-
11,347
-
-
11,347|**Total funds**
**at 31**
**August**
**2022**
**£**
453,767
46,488
(5,589)
(47,510)|
|---|---|---|---|
||||447,156|
||||**Total funds**
**at 31**
**August**
**2021**
**£**
439,851
52,198
(4,066)
(50,576)|
||||437,407|
Page 18