REGISTERED COMPANY NUMBER: 07340000 (England and Wale5} REGisfERED CHARITY NUMBER: 1138018 Report of the Trustees and Financial Statements for the Year Ended 31st December 2024 Immanuel Church. Chichester Lewis Brownlee (Chichester) Limited Chartered Accountants Appledram Barns Birdham Road Chichester West Su55ex P020 7EQ
Immanuel Church. Chichester Contents of the Financial Statements for the Year Ended 31st December 2024 Page Report of the Trustees Independent Examiner'5 Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 9 to 13
Immanuel Church, Chichester Report of the Trustees for the Year Ended 31st December 2024 The trustees who are also directors of the charityforthe purposes of the Companies Act 2CK)6, present their report with the financial statements of the charity for the year ended 31st December 2024. The trustees have hdopted 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 IFRS 1021 leffective l J3nuary 20191. OBJEcfivES AND AcfiviTIES Objectives and activities The objectives of the Charity. as laid out in the governing document, are: (al To advance the Christian faith in the UK and Worldwide for the benefit of the public in accordance with the statement of belief in the schedule including (but not by way of limitation) the worship of God, the pre3chln8 and proclamation of the Christian Gospel. pasioral care and the teaching of Christian doctrine and principles, Ibl To relieve poverty. hardship. sickness and distress in the UK and Worldwide by providing grants, goods or services to individuals in need and/or charities or other organisations working to prevent or relieve poverty, hardship, sickness and distress. Icl To promote social welfare within the Chichester community by providin8 or assisting in the provision of facilities and activities for recreation or other leisure time occupation for the benefit of residents who have need of such provision by reason of their youth, age, infirmity or disability, financial hardship or social circumstances with the object of improving their conditions of life. Achievements and performance Sunday service5 and other church activities continued to flourish duringthe year, for example the development of Messy Church and inter-generational church services. Particularly encouraging was a growing range of community activities, with new people Betting involved: for example: Parent and Toddler group, Men's Breakfast Club, Chatter Natter rnidweek group and Curry Clubs for men and for ladies. In addition, the church organised a thriving programme of social eventsto which church members could invitefriends and non-church members. These included- a games night, a skittles evening, a quiz night, family fun swims, bonfire and barbecue night, and separate social events for men and ladies; 311 have seen a good response. In addition. the church continued to work in partnership with Bishop Luffa School (the venue for Sunday services). to provide input to school assemblies and tutor groups. After providing free courses to parents at the school's request, the church has run more courses on Parenting Teenagers. Parenting Children course (with invitations to primary schoolsl and the Marriage Course. The Morning Prayer group (created at the start of the pandemic) continued daily on Zoom with regular members who found it of great benefit. The church organised a very successful church weekend away in April 2024 at Dale5down Christian Conference Centre. A5 part of pastoral support. the church gave £1.626 to support individuals in unexpected financial need. This year the church gave grants totalling £9.314 including supporting church youth in their faith journeys both overseas and home and a150 to local missions such as the Chichester HEART for homeless, Pregnancy Options Centre and The Sussex Snowdrop Trust. After seven years serving as Senior Minister. Reverend Paul Collin5 resigned on 30 September to take vp a new post with the Army. Under the guidance of the Diocese, the church is undertaking a recruitment process for a new Senior Minister. The church is currently in interregnum and is being led by the Leadership Team. This team includes Reverend Jarnes Nicko15 as Associate Minister and four elected members of the congregation. Shane Morton is employed as Church Administrator working 2 days a week. Emma Darbyshire was appointed Children and Youth Worker on I January 2024, working 3 days a week. The role of Worship leader is currently carried out by a team of volunteers. Page I
Immanuel Church. Chithester Report of the Trustees for the Year Ended 31st December 2024 Financial Review Annual Budget: Afaith-based approach tothe church budgetwas used to underpinthe Vision Statement and associated activities. A detailed annual budget incorporating planned church activities was approved by the Trustees with input from the Leaders. The budget re-iterate5 the previously agreed poliLy for the church to increase its payments each year in order to meet its full Parish Ministry Costs to the Diocese by 2025. The appointment of a Children 2nd Youth Worker represented a new financial commitment which is likely to contribute to deficits on the Income and Expenditure account in the medium term. Overview of 2024: The church continues to keep its expenditure broadly in step with its income year by year with regular income covering regular contractual expenditure commitments. During 2024. 3 small deficit of £3,744 was seen at the year-end primarily due to increased costs arising from a stepped increase in Parish contribution to the Diocese, the appointment of the Youth Leader and failure of income to rise with inflation. Reserves." It 15 Immanuel Church policy to maintain a minimurn balance on 8eneral funds which equates to 3 months normal operating costs of running the charity. The positive bank balance at the end of the year allows the Church to cover shortterm fluctuations in income. offers some guarantee of employment to its employees and provides a cushion against sudden increases in expenditure. The balance of£109,599 in Unrestricted Reserves well exceeds this minimum requirement. Cash Balance." The year*nd bank balance of £86.770 is a significant sum. This has arisen over a number of years malnly through savinES from the vacant Youth Worker post and thanks to Immanuel Church members for their continued financial giving. Consideration has been given to how this money is to be used Isee other parts of this report for examples of church activities and giving). However, increases in Parish Ministry Costs payable to the Diocese and the appointment of a Children and Youth Worker may result in pressure on the budgets in the coming year. To meet this increased financial burden there is a need for significant growth in income (arising both from increased membership and increased giving from existing members). If this growth were not to happen. or took more years to be realised, the cash balance would need to support church finances until such a time that this growth was realised. If projections show that bank balances are falling towards the levels as required by the Reserves Policy, the Leaders and Trustees will review expenditure levels and commitments. As part of prudent financial management, the Trustees and Leaders monitor expenditure and year-end projections on a monthly basis. Also, Trustees monitor the level of Reserve required and review it annually. A deposit account is held with the Monmouthshire Building Society but the charity has no investments or investment policy. Income: As a church. Immanuel is mainly dependent for incorne on the voluntary offerings from church members and those attendin8 Its services. The majority of re8ular donations are eli8ible for the 25Y? income rax rebate, whlch is claimed by the church through the Gift Aid Scheme. During 2024, income from donations did not increase, as standing order income from an increase in church membership was negated by a loss of income due to members leaving the church. The church makes it easier to donate using Stripe online payment service. and card payment as an alternative method to cash. From time to tirne, the church asks its members to contribute additional funds to provide resources for growth in activities or new developments- this was not necessary during 2024. The church is grateful for a grant of £5,000 received from the Benham Charitable Settlement trust which was primarily used for church mission and Kingdom activities such as the Church Weekend, Leaders. and Trustees attendance at the New Wine Leaders Conference and marriage and parenting courses hosted by the church. Privacy: Care is taken by the church treasurer and team to keep donors, names and Sums collected confidential, whichever method has been used for donation. Risk Assessment The major risks are considered to be financial." (i) fraud, lill 1055 of assets and personal- liiil 5afeEuarding children and vulnerable adults and (iv) health and safety- Page 2
Immanuel Church. Chichester Report of the Trustees for the Year Ended 31st December 2024 The finanti31 risks are controlled by {il recording any minimal cash offerings lusually in the presence of 2 people): requiring 2 signatories on cheques of over £SOO. requiring second person approval of all non-salary payments of over £50 by maintaining a log of on-line banking payments and by making re£ular reports of financial rnatters to the church leaders and Trustees; {iil maintaining an inventory of physical assets and havinE adequate insurance cover. In addition, the Board ofTrustees check contrattual arrangements, and provideguidance to staff on protecting the church'5 assets. In November2022, theTrusteescarried out a riskassessment underthecorporate Criminal Offence guidelinesto ensure good governance against illeEal tax evasion by donors. Risks arising from safeguarding children and vulnerable adults are controlled by the commitment of the Ministry and Staff team, the Leadership Team and Board of Trustees to work together to fully implement the Church of England's guidance on safeguarding. This includes ensuring that all staff and all volunteers working with children and vulnerable adults take part in the required safeguarding training and where appropriate have been approved after a DBS check. The person appointed as Church Safeguarding Officer works closely with the Senior Minister to oversee the church's performance; they are guided by the Diocesan Safeguarding Advisor, who in March 2020 gave the church a positive assessment. Risks arising from Health and Safety are controlled by the oversight of the member of the Board of Trustees responsible for this area: for example. in ensuring risk assessments are carried out for all major activities and locations, with action plans as appropriate. The Tru5tee5 regularly monitor attivities and, if necessary, purchase equipment to reduce risk of injury. Public Benefit Immanuel Church plans to operate for the public benefit through the provision of publlc Christlan worship services, runnin8 Sunday activities for children and young people. community programmes such as a parents, and toddlers, group, and providing grants to various Missionary org3nisations, who operate both in the UK and abroad. Immanuel Church aims to be an open and welcomlng church and publicises its activities on the church's website and social media Such as Facebook and Insta8r3m. Care is taken to avoid disadvantage to those on low incomes, by keeping costs low, and providing confidential subsidies Ifor example, to assist with the costs of the annual church weekend away). The Trustees have had reg3rd to the guidance on publlc benefit published bythe Charity Commission and are not aware of any harm caused by the Church which needs to be balanced against benefits STRucfuRE, GOVERNANCE AND MANAGEMENT Governing document Immanuel Church is part of the Churth of England as a Mission Initiative appointed by a Bishop's Mission Order in the Diocese of Chichester. It is not a Parish Church but works in cooperation with parish churches within the city of Chichester and reports directly to the Diocese via the Archdeacon of Chichester. The Church is registered under Company law as a limited company. and under Charity law as a registered charity. The governing document is the Memorandum and Articles of Association, incorporated on 9th August 2010 and amended on 13th December 2015. There are no specific restrictions in the Articles of Association. There are no formally related parties. As a registered company. legally Immanuel Church is governed by the eoard of Direttors who are known within the church as Trustees. Jis Directors. the Trustees have a legal duty under Company law and Charity law to ensure the Church complies with all legal and statutory requirements. The Trustees are responsible for ensuring the Church operates within the Objerts set out in the Article5 of Association. The annual budget, the annual accounts, and all contrartual arranEements need to be approved by the Trustees. Page 3
Immanuel Church. Chichester Report of the Trustees for the Year Ended 31st Dember 2024 All Trustees have completed and signed a Trustee Eligibility Declaration confirming: they are willing and eligible to act as Trustees. they understand the charitvs purposes and confirming they are not disqualified as a mattèr of law from arting as a Trustee. The Trustees have also confirmed they meet HMRCS requirements to be considered a "Fit 3nd Proper Person". The Board consists of a minimum of three Trustees, who are elerted by church members. One third of the Trustees must step down each year and are eligible for re-election by the members- there is no maximum period of continuous service. More detailed aspects of governance are laid down in the Church's constitution {which was amended by Special Resolution on 1st October 20171. The Church's Constitution currently sets the upper limit at six elected trustees, as sufficient to cover the range of roles and responsibilities. Trustees must be members of the Church. The Minister is part of the Board ofTrustees as an ex officio member. The Board of Trustees met four times in 2024 in order to review the operation of the Church, to monitor the financial affairs and to review its policies. During 2024 the Board consisted of Mr P. Bradley as Chairman, and four other elected Trustees. together with the Minister and a Senior Leader: the Board were supported by Mr D. Grove the Church Treasurer. According to the constitutlon, the organisation of the church's acrivities is structured by the Leadership Team which consists of the Minister lor ministers), together with up to six elected members. The Minister is responsible for the overall leadership and oversight of the Church, while the day to day running of the church is the responsibility of the Leadership Team as a whole. To ensure good collaboration. one of the Senior Leaders Serves on both the Leadership Team and the Board of Trustees. The full-time Senior Minister of the Church is employed by the Church Commissioners. and reports to the Diotese of Chichester. Immanuel Church pays towards Diocesan costs via the Parish Ministry Costs scheme. Since 2018, the church staff team has also included an ordained church member. who acts as an unpaid part time Associate Minister. to assist with services and pastoral care. The church currently has two licensed Readers. who assist with services on an unpaid basis. The church employs a number of staff to carry out key activities under the direction of the Minister and line managed by members ofthe LeadershipTeam. The church employs a part-tirne Church Administrator two days a week and a part- tlme Children and Youth Worker for three days a week was appointed on I"January 2024. An Annual General Meeting of members was held in April 2024, at which the Trustees and Leadership Team together with the Minister reviewed pro8ress and disCUSsed future plans. Page 4
Immanuel Churth. Chithester Report of the Trustees for the Year Ended 31st De¢ember 2024 REFERENCE AND ADMINlSfRATNE DEfAILS Registered Company number 07340000 (England and Wales) Registered Charity number 1138018 Registered offi 26 Maplehurst Road Chichester West Sussex P019 6QL Trustees Mr P Bradley Mrs C Bacon Mrj Allin Mr G Pollock Mrs B Nickols Rev. Chris Hill Chairynan resigned 21" April 2024 appointed 21° April 2024 Independent Examiner Sarah Alexander FCCA FCA Lewis Brownlee (Chichester) Llmited Chartered Accountants Appledram Barns Blrdham Raod Chichester West Sussex P020 7EQ Bankers HSBC Bank PIC 94 East Street Chichester West Sussex P019 IHD The Report of the Trustees approved by order of the Board of Trustees, as the company dirertors. on 12 February 2025 and signed on the Board's behalf by: P Bradley-thairman of thlBoard of Trustees Page 5
Independent Examiner's Report to the Trustee5 of Immanuel Churth, Chichester Independent examiner's report to the trustees of Immanuel Churth. Chiche5teT I'the Company,) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st December 2024. Responsibilitie5 and basis of report As the charity's trustees of the Company land also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordan with the requirements of the Companies Act 20061'the 2006 Act'l. Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act nd are eligible for independent exarnination. I report in respert of my examination of your charity s accounts as carried out under section 145 of the Charities Act 20111'the 2011 Act'l. In carrying out my examination I have followed the Direction5 given by the Charity Commission under section 145(51 Ibl of the 2011 Act. Independent examiner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe.. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Art,. or the accounts do not accord with those records; or the accounts do not comply with the accounting requirements of 5ertion 396 of the 2006 Act 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; or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 10211. I have no concerns and have come across no other matters In connettion 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. Sarah Alexander FCCA FCA Lewis Brownlee Ichichesterl Limited Chartered Accountants Appledram Barns Birdham Road Chichester West Sussex P020 7EQ 17 March 2025 Date: ................ Page 6
Immanuel Church. Chichester Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 31st December 2024 2024 Total funds 2023 Total funds Unrestricted funds Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 141,210 3,840 145,050 137,859 Charitable artivities Church Activities 15,007 15,007 11,966 Investment income 1.259 1,259 476 Total 157,476 3,840 161,316 150,301 EXPENDITURE ON Charitable activities Church Activities 160,736 4,324 165,060 152,671 Total 160,736 4,324 165,060 152,671 NET INCOME 13,2601 14841 13,7441 12,3701 Transfers between funds 12 11,2001 1,200 Net movement in funds (4,4601 716 13,7441 12,3701 RECONCILIATION OF FUNDS Total funds brought forward 114,059 1,685 115,744 118.114 TOTAL FUNDS CARRIED FORWARD 109,599 2,401 112,000 115,744 The notes form part of these finanaal statements Page 7
Immanuel Churth, •Cheer Balan Sheet 31st December 2024 2024 2023 Total funds Unrestricted funds Restritted funds funos FIXED ASS5 Tangible assets 7,365 7,365 8,520 CURRENT ASSETS Debtor5 Cash at bank and in hand io .0 84,369 19,016 86,770 17,970 90,564 2,401 103.385 2,401 105,786 108,534 CREDITORS Amounts falling due within one year li (1,1) 11,151) 11,3101 NEf CURRENT ASSErs 102,234 2,401 104,635 107,224 TOTAL ASSETS LESS CURRENT UABILrriES 109.599 2,401 112,000 115,744 NEf ASSErs 109.599 2,401 112,1X)Q 115,744 FUNDS Unrestritted fund5 Restritt(ed funds 12 109,599 2,401 114,059 1.685 TOTAL FUNDS 112,000 115,744 The charitable company is entitled to exemption from audit under Section 477 of the Companies Att 2006 for the year ended 31" December 2024. The members have not required the company to obtsin an audit of its financial staternents for the year ended 31 December 2024 in accordance wrth Sertion 476 of the Companie5 Att 2006. The trustee5 acknowledge their PonSIbl1[tEeS for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparin8 financial statements whith 8ive a true arKI fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Section5 394 and 395 and vthrth otherwise comply with the requirements of the Companies Act 2006 relating to financial statements. so far as applicable to the charitable company. {b} The financial statements were approved by the Board of Trustees and authorised for issue on 12 February 2025 and were signed on its behalf by-. . P Bradley- Chainnan of the Board of Trustees The notes form part of these financial statements Page 8
Immanuel Church. Chichester Notes to the Financial Statements for the Year Ended 31" December 2024 ACCOUNTING POUCIES Basis of preparing the financial statements The financial statements of the charitable company, which 15 a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP {FRS 1021 'Actounting and Reporting by Charities.- Statement of Recomrnended Prartice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 {effective l January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Financial Reporting Standard 102- reduced disclosure exemptions The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements as permitted by FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland": The requirements of Section 7 Statement of Cash Flows Income All income is recognised in the Statement of Financial Attivitie5 once the charity has entitlernent to the funds, It is probable that the income will be received and the amount can be measured reliably. Expendlture Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all Cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resour¢es. Grants offered subject to conditions which have not been met at the year-end date are noted as a commitment but not accrued a5 expenditure. Governance costs Governance costs include costs of the preparation and examination of statutory accounts, the costs of the trustees. meetings and cost of any legal advice to the trustees on governance or Constitutional matters. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each a55et over its estimated useful General equipment Computers and PA equipment IO% on reducing balance 25% on reducing balance Tangible fixed assets for use bythe Charityare capitalised if they have a useful life of more than oneyear. They are valued at cost or. if gifted. at the value to the Charity on receipt. Taxation The charity is exempt from corporation tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objeaives at the discretion of the trustees. Restricted funds can only be used for particular resiricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Page 9 continued...
Immanuel Church. Chichester Notes to the Financial Statements for the Year Ended 31sr December 2024 ACCOUNTING POLICIES- continued Pension costs and other post-retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable companvs pension scheme are charged to the Statement of Financial Activities in the period to which they relate. DONATIONS AND LEGACIES 2024 2023 Gift Aid giving Gift Aid tax reclaimed Cash and other donations 99.179 26,287 19.584 92,635 23,398 21.826 145,050 137,859 INCOME FROM CHARITABLE AcfiviTIES 2024 2023 Church Activities Church weekend Outreach and church events Youth attivities 5,272 8,979 756 2,280 8,345 1,341 15,007 11,966 Memorandum: Analysis of Grants received 2024 2023 Benham Charitable Settlement Trust The church received an unrestricted grant of £5,000 from the Benham Charitable Settlement trust which was primarily used for church mission and Kingdom activities such as the Church Weekend, Leaders, and Trustees attendance at the New Wine Leaders Conference and marriage and parenting courses hosted by the church. INVEThIENT INCOME 2024 2023 Deposit account interest 1,259 476 Page 10 continued ...
Immanuel Church, Chichester Note5 to the Financial Statements si for the Year Ended 31 December 2024 CHARITABLE A1vlEs COSTS 2024 2023 Church Arttvitie5 Parish Contribution to Diocese Vicarfs expenses and Wicarage School Halls rent Church Office Equipment and premises Depreciation Staff costs Services and Ministry Church Weekend Pastoral care Giving and Sharing Special gifts Discipleship and training Missions TransformlnE Lives for Good (TLG) Youth activities Youth missions Community outreach and church events License and subscriptions Website and IT costs Administration and travel 77,500 3.135 10.967 70.000 4,233 10,491 4,101 1.002 1,823 26,839 1.367 4,028 25 2,187 4,355 4,409 2,475 1.236 1,701 32,411 1,366 5,432 34 1,626 2.362 4,224 8,014 999 2,525 1,300 6,199 600 1,714 141 3,184 1,558 5,416 560 2,720 413 Total Church Activities Costs 163,486 151,186 Support Costs- Governance Professional fees Independent examination fees Insurance Bank charges Total Support Costs 34 1,020 455 65 13 960 70 1,574 1,485 TOTAL CHARITABLE AcfiviTIES COSTS 165,060 152,671 NET INCOME/{EXPENDrruRE) Net in¢ome/lexpenditurel is stated after charginpJ(creditin81- 2024 2023 Independent examination fees Depreciation - owned assets 1.020 1.701 960 1,823 Page 11 continued
Immanuel Church. Chichester Notes to the Financial Statements for the Year Ended 315t December 2024 TRUSTEES, REMUNERATION AND BENEFrrs There were no trustees. remuneration or other benefits for the year ended 31st December 2024 nor for the year ended 31st December 2023. Trustees. expenses There were no trustees. expenses paid for the year ended 31st December 2024 nor for the year ended 31st December 2023. srAFF COSTS 2024 2023 Gross salaries Employers, National Insurance costs Pension costs 29,939 25,128 2,472 1,711 32,411 26,839 The average monthly number of employees during the year was as follows: 2024 2023 Charitable activities No employees received emoluments in excess of £60.000. TANGIBLE FIXED ASSETS General equipment Computer & PA equipment Totals COST At 1st January 2024 Additions Disposals 9,92S 293 11,076} 6,851 1,660 13311 16,776 1,953 11.407) At 31st December 2024 9,142 8,180 17,322 DEPRECIATION At 1st January 2024 Charge for year 4,106 611 4.150 1,090 8,256 1,701 At 31st December 2024 4.717 5,240 9,957 NET BOOK VALUE At 31st December 2024 4.425 2,940 7.365 At 31st December 2023 5,819 2.701 8,520 Page 12 continued
Immanuel Church. Chichester Notes tothe Financial Statements for the Year Ended 3tst December 2024 io. DEBTORS: AMouf+lTS FALLING DUE wrrHIN ONE YEAR 2024 2023 Gift Aid recoverablÈ Prepayments and Accrued income1School rent) 17,496 1,520 16,738 1.232 19,016 17,970 ii. CREDrroRS." AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other creditors Istaff pension contributions) Accruals and deferred income (Independent examinerf5 feel 131 1,020 350 960 1.151 1,310 12. FUNDS- Current Year At 1.1.24 Incoming sources Resources expended Transfers between funds At 31.12.24 Unrestricted funds General fund 114,059 157,476 {160,7361 11,2001 109,599 Restricted funds HEARTfor the homeless Transforming Lives for Good {TLG) Youth missions 1.396 440 3.400 13,0361 19991 12891 1,200 2,401 289 TOTAL FUNDS 115,744 161.316 1165.0601 112,000 Restritted Funds are being held for the Transforming Lives for Good initiative ITLG) offering hope and a future for struggling children. 13. FUNDS- Prior Year At 1.1.23 Incoming resources Resources expended Transfers between funds At 31.12.23 Unrestricted funds General fund 116.267 148.905 (151,1131 114,059 Restricted funds Youth missions HEARTfor the homele55 1.847 (1.5881 289 1,396 1.396 TOTAL FUNDS 118,114 150.301 (152.6711 115,744 14. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31st December 2024. Page 13