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← Amazing Grace - Teesside

2023-12-31-accounts

Amazing Grace - Teesside

Report and Accounts Year ended 31 December 2023

1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk

Amazing Grace - Teesside

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2023

Trustees

Dr T Gibbons Mr A J P Braye Mr T Broughton Dr S Braye - appointed 15 June 2024

Company Secretary Mrs M Braye

Memorandum and Articles of Association dated 30 August 2011

Governing Document August 2011 Company Registration Number 07763798 Charity Registration Number 1145379 Registered Office 59 Durham Road Middlesbrough TS6 9NA Independent Examiner Archie McDowall BA, CA Stewardship 1 Lamb's Passage London EC1Y 8AB

Bankers

Barclays Bank 1 Churchill Place London E14 5HP

Contents Page
Company Information 1
Trustees' Annual Report 2 - 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Accounts 7 - 13
Detailed Statement of Financial Activities with Comparatives 14

Page 1

Amazing Grace - Teesside

Report of The Trustees for the year ended 31 December 2023

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted 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 (FRS 102) (effective 1 January 2015).

OBJECTIVES AND ACTIVITIES

The Charity’s objects and its principal activity is the teaching of the bible and assisting in the development of our congregation’s faith. It also continues to strive towards the improvement of family and individual wellbeing and the development and monitoring of young people in the area.

ACHIEVEMENTS

In 2023, the church in Middlesbrough, UK (Amazing Grace Teesside) continued to hold two services each Sunday with families and children being of particular focus. The Family Services have been very successful in its target to encourage families to worship together each week. Guest speakers during the year helped to teach and encourage our congregation as well as extend the charities connections. During 2024 the trustees have been negotiating a new lease to allow the UK church to have permanent premises to expand and operate mid-week activities. Position negotiations are ongoing.

During the year the church in Tartu, Estonia (Amazing Grace Tartu) continued to operate until September 2023, when its operation was paused due to team members relocating to the UK. Plans to continue the Tartu church have been unfolding during 2024, with its relaunch due in Q4 2024.

The charity shop in Redcar continues to thrive aiding the charities income as well as have a strong connection with the community locally. The shops van has increased donations to sell and allowed the option of delivering items purchased which has been popular. The van’s signwriting has increased the shops exposure with free advertising when driven around the local area. During the year the charity shop in Middlesbrough was closed to allow the team focus one shop instead of diluting efforts over two shops.

2023 saw numerous invitations from churches in Spain and Estonia for the UK church to run its Route 61 (R61) course. The courses were very popular in both Spain and Estonia, with the highlight being to course ran in Tallinn, Estonia where many people were impacted in an amazing way by the Holy Spirit. The relationship between the UK church and a church in Alicante, Spain flourished during the year with multiple visits from the UK team to encourage the congregation is Spain. Exciting plans for the Spain church to visit the UK are planned in 2024.

FINANCIAL REVIEW

During the year income increased by £17,612 and expenditure decreased by £15,282. As a result, the net deficit for the year decreased by £32,894, to £2,971. The trustees have worked throughout the year to improve on the previous year’s deficit, with significant planning taking place to ensure the charity spends within its means. Donations have increased as noted, however the recovery after the covid-19 pandemic has meant the number of members and donations are yet to increase back to previous levels. The gap between breakeven and deficit of £2,971 is largely made up by depreciation of £2,737, which shows the trustees have been very close to achieving a positive result for the year. At year end net current liabilities decreased by £56,844, to £5,329, mainly due to the settlement agreement entered into during the year, where the charity will make monthly payments for 5 years to clear down the creditor balance. After 5 years, if there has been no default of the agreement, the final balance will be written off by the creditor. Note 11 details the financial values.

During the year we have seen an increase in donations of 18% as the church began to grow in number and flourish in its new premises in Middlesbrough. Donations have become strong in predictability allowing it to plan and operate within its means throughout 2023. Further growth in donations is forecast in 2024.

The charity shops saw income increasing year on year to £31,070 (2022: £30,306), which is a fantastic result given the reduction of shops from two to one. The shop in Redcar has very strong competition locally so is faced with significant challenges to diversify itself and engage customers.

Page

Reserves Policy

The aim of the Charity is to secure free reserves to the value of around £35,000 per annum that would allow the charity to continue operating should income from donations or the charity shop vary adversely. At present the reserves do not reach this target and the Trustees are looking at ways of increasing reserves.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Charity is constituted as a Company limited by guarantee, without a share capital, and is therefore governed by a Memorandum and Articles of Association. It became a registered charity on 10 January 2012.

The Charity is organised so that the Trustees meet regularly to manage the affairs of the charity. A trustee is in charge of the day to day running of the Charity.

Appointment of Trustees

Mr. A. Braye, Dr. T. Gibbons and Mr. T. Broughton continue as trustees. Dr. S. Braye was appointed 15[th] June 2024.

TRUSTEES STATEMENT

In setting our objectives and planning our activities the Trustees have given careful consideration to the Charity Commission guidance on public benefit. The Charity satisfied the public benefit criteria through its objectives and work done in the year for families and young people.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

RESPONSIBILITIES OF TRUSTEES UNDER COMPANY LAW

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing these financial statements, the trustees are required to:

  1. select suitable accounting policies and apply them consistently;

  2. observe the methods and principles in the Charities SORP;

  3. make judgements and estimates that are reasonable and prudent;

  4. state whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

  5. prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

By Order of the Trustees

Date:

Mr T Broughton, Trustee

Page

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

Amazing Grace - Teesside ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2023 on pages 5 to 14 following, which have been prepared on the basis of the accounting policies set out on pages 7 to 8.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) 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:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 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

  4. 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 Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

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.

Archie McDowall BA, CA Stewardship 1 Lamb's Passage London EC1Y 8AB

Date:

Page

Amazing Grace - Teesside

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2023

Note
INCOME AND ENDOWMENTS FROM:
Donations
3
Other trading activities
4
Investment income
Other income
Total income and endowments
EXPENDITURE ON:
Charitable activities
5
Total expenditure
Net income/(expenditure)
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
12		 Unrestricted
Funds
£
114,612
31,147
-
92
145,851
148,823
148,823
(2,971)
(2,971)
(58,890)
(61,861)		 Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-		 Total
Funds
2023
£
114,612
31,147
-
92
145,851
148,823
148,823
(2,971)
(2,971)
(58,890)
(61,861)		 Total
Funds
2022
£
96,920
31,229
90
-
128,239
164,105
164,105
(35,866)
(35,866)
(23,024)
(58,890)

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing operations.

The statement of financial activities also complies with the requirements for an income and expenditure account required by the Companies Act 2006.

The notes on pages 7 -13 form part of these accounts.

Page

Amazing Grace - Teesside

BALANCE SHEET

AS AT 31 DECEMBER 2023

Note
FIXED ASSETS
Tangible assets
7
CURRENT ASSETS
Debtors
8
Cash at bank and in hand
9
CREDITORS: Amounts falling
due within one year
10
Net current liabilities
Total assets less current liabilities
CREDITORS: Amounts falling due
11
after more than one year
TOTAL NET LIABILITIES
FUND BALANCES
12
Unrestricted Funds
General funds
Restricted Funds		 Unrestricted
Funds
£
1,532
1,532
2,742
1,455
4,197
(9,526)
(5,329)
(3,797)
(58,063)
(61,861)
(61,861)
(61,861)
-
(61,861)		 Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total
Funds
2023
£
1,532
1,532
2,742
1,455
4,197
(9,526)
(5,329)
(3,797)
(58,063)
(61,861)
(61,861)
(61,861)
-
(61,861)		 Total
Funds
2022
£
3,283
3,283
12,252
1,787
14,039
(76,212)
(62,173)
(58,890)
-
(58,890)
(58,890)
(58,890)
-
(58,890)

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006 however, in accordance with Section 145 of the Charities Act 2011, the accounts have been examined by an independent examiner and their report has been included in these financial statements.

The directors (who are the charitable company's trustees for the purposes of charity law) acknowledge their responsibilities for:

The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors and were signed on its behalf by:

----------------------------------Tim Broughton

Date: _______

Company number: 07763798

Charity number: 1145379

The notes on pages 7 -13 form part of these accounts.

Page

Amazing Grace - Teesside

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

1 Statutory Information

The charity is a charitable company limited by guarantee and is incorporated in the United Kingdom. The company's registered number and registered office address can be found on the Company Information page.

2 Accounting Policies

These financial statements are prepared on a going concern basis, under the historical cost convention.

These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102"), with the Companies Act 2006 and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.

The principles adopted in the preparation of the financial statements are set out below.

a) Going concern

The trustees (who are the charitable company's directors for the purposes of company law) have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

Although the charity has ended the year with net current liabilities of £5,329, the trustees are confident that the charity will be able to continue to operate and the financial statements have been prepared on the going concern basis. Measures are being taken to reduce expenditure and increase income and the trustees are confident that the charity will be able to eliminate the net current liabilities referred to above over the next two years. In the interim, the trustees are monitoring cash flows and will, if the need arises, look to short term borrowing options currently on offer to the charity. In addition the trustees would reduce staff costs as quickly as possible given this cost is by far its biggest expense, being 59% of income in 2023.

b) Income Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.

Income from donations includes:

The charity relies on volunteers to carry out many of its activities, particularly in running the charity shop. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be

When donated goods, services and facilities are distributed or consumed, an expense in respect of those items is included in the Statement of Financial Activities. At the year end any goods that have not been distributed or consumed are recognised as stock; donated fixed assets are capitalised.

Income from other trading activities represents income receivable from activities undertaken to generate funds for the charity. It includes income from the sale of donated goods.

Page

Amazing Grace - Teesside

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.

Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.

d) Fund accounting

e) Tangible fixed assets

Fixtures and fittings Over 5 years Motor vehicles Over 5 years Leasehold improvements to property Over the lease term Computer equipment Over 5 years

The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.

f) Leased assets

Leases which do not transfer substantially all the risks and rewards of ownership to the charity are classified as operating leases. Operating lease payments are recognised as an expense on a straight-line basis over the lease term (unless another systematic basis is more representative of use).

g) Taxation

h) Financial instruments

The charity's financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Except for loans, creditors and debtors are measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive). The charity recognises liabilities for the principal of those loans that remains outstanding at the year end (i.e. the liabilities exclude any interest chargeable on the loans in future years).

These financial statements are presented in sterling, which is the charity's functional currency.

iii) Non-monetary assets are measured at historic cost at the rate of exchange prevailing on the date of the transaction and are not subsequently re-translated.

All differences arising from the application of the above policy are charged (or credited) to the Statement of Financial Activities.

The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.

Page

Amazing Grace - Teesside

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

3 Donations

Donations of cash and similar
Income tax recoverable
4
Income from other trading activities
Charity shop sales
Book and tuck shop sales
Other income
5
Charitable expenditure
a
Costs incurred directly on specific activities
Payments for pastoral services
Salaries
Social security
Food and drink
Rent and water
Missionary trips and expenses
Youth work costs
Grants payable (note 5c)
b
Costs incurred on support & administration
Governance costs
Independent examiner's fee
Repairs and maintenance
Heat and light
Printing, postage, stationery and advertising
Telephone
Insurance
Travel expenses
Sundries
Book shops
Depreciation
Loss on disposal of assets
Computer expenses
Bank charges
Storage costs
Subscriptions and professional fees
Total expenditure		 2023
£
103,412
11,200
114,612
2023
£
31,070
-
78
31,147
2023
£
15,350
68,000
1,456
2,250
27,953
12,028
3,052
130,089
2,500
132,589
1,836
1,836
486
2,586
715
795
1,159
931
1,474
-
2,737
1,636
928
738
212
16,233
148,823		 2022
£
82,538
14,382
96,920
2022
£
30,306
423
500
31,229
2022
£
14,065
65,100
1,549
2,481
43,394
9,056
435
136,080
5,083
141,163
1,200
1,200
1,289
8,474
139
850
3,169
498
1,581
279
2,906
1,590
966
-
-
22,942
164,105

The fee payable to the independent examiner for preparing and examining the accounts was £1,680 (2022: £1,200).

Page

Amazing Grace - Teesside

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

c Grants payable

Institutions
£
Grants for the relief of poverty
2,500
2,500
The comparatives for the previous year are as follows:
Institutions
£
Grants for the relief of poverty
5,083
5,083
The charity's principal grants to institutions comprised:
Barnabas Fund
Grants to institutions for less than £1,000 each
6
Gross wages and salaries
Social security
Analysis of staff costs, the cost of key management personnel and trustee remuneration		 Individuals
£
-
-
Individuals
£
-
-
2023
£
1,700
800
2,500
2023
£
68,000
1,456
69,456		 2023
£
2,500
2,500
2022
£
5,083
5,083
2022
£
5,083
-
5,083
2022
£
65,100
1,549
66,649

The average monthly number of employees during the year was 3 (2022: 3). Most of the charity's activities are carried out by volunteers.

No staff received salaries at a rate of more than £60,000 per annum.

The charity's key management comprise the trustees named on the Company Information page. No remuneration has been paid to any of the trustees during the year (2022: £nil). No trustees received employment benefits in either the current or preceding year.

Other
Employer
Wages &
employment
pension
salaries
benefits
contributions
Key management connected to trustees:
SAG Broughton (mother of trustee)
900
-
-
E Broughton (wife of trustee)
4,500
-
-
The following amounts were payable in the previous year:
Other
Employer
Wages &
employment
pension
salaries
benefits
contributions
Key management connected to trustees:
SAG Broughton (mother of trustee)
2,500
-
-		 2023
£
900
4,500
5,400
2022
£
2,500
2,500

Page

Amazing Grace - Teesside

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

7 Tangible fixed assets

Cost
At 1 January 2023
Additions
Disposals
At 31 December 2023
Accumulated depreciation
At 1 January 2023
Charge for the year
Eliminated on disposal
At 31 December 2023
Net book value
At 31 December 2023
At 31 December 2022
8
Debtors
Falling due within one year:
Tax recoverable
Other debtors
Prepayments
Total debtors
9
Cash at Bank and in Hand
Cash at bank with immediate access
Petty cash
10
Creditors: liabilities falling due within one year
Trade creditors
Taxation and social security
Other creditors
Accruals
11
Creditors: amounts falling due after more than one year
Trade creditors		 Fixtures and
fittings
£
11,768
-
(1,264)
10,504
11,062
445
(1,156)
10,351
153
706		 Computer
equipment
£
24,412
-
(739)
23,673
23,606
317
(739)
23,184
489
806		 Improvments
to property
£
4,489
1,088
(4,489)
1,088
2,718
1,975
(4,494)
199
890
1,771
2023
£
460
1,506
776
2,742
2,742
2023
£
1,443
13
1,455
2023
£
6,711
998
-
1,816
9,526
2023
£
58,063
58,063		 Total
2023
£
40,669
1,088
(6,492)
35,265
37,386
2,737
(6,389)
33,733
1,532
3,283
2022
£
623
634
10,995
12,252
12,252
2022
£
1,787
-
1,787
2022
£
70,252
998
3,090
1,872
76,212
2022
£
-
-

Included in Trade creditors is an outstanding balance of £64,287 that is being repaid in 60 monthly instalments of £518.66 and must be repaid by 15 May 2028. At 31 December 2023, 53 instalments remained outstanding. Subject to full payment, the remainder of the outstanding balance will be waived on the date that the final monthly instalment is paid.

Page

Amazing Grace - Teesside

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

12 Funds

During the year the movements in the charity's funds were as follows:

Designated Funds
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Aggregate of funds		 Opening
balance
2023
£
-
(58,890)
(58,890)
-
(58,890)		 Incoming
resources
2023
£
-
145,851
145,851
-
145,851		 Outgoing
resources
2023
£
-
(148,823)
(148,823)
-
(148,823)		 Transfers
in the year
2023
£
-
-
-
-
-		 Gains and
losses
2023
£
-
-
-
-
-		 Closing
balance
2023
£
-
(61,861)
(61,861)
-
(61,861)

Analysis of net assets by fund

The assets and liabilities of the various funds were as follows:

Tangible fixed assets
Debtors
Cash at bank and in hand
Creditors falling due within one year
Creditors falling due after one year		 General
Designated
funds
funds
£
£
1,532
-
2,742
-
1,455
-
(9,526)
-
(58,063)
-
(61,861)
-
Unrestricted Funds		 Restricted
funds
£
-
-
-
-
-
-		 2023
£
1,532
2,742
1,455
(9,526)
(58,063)
(61,861)

In the previous year the movements in the charity's funds were as follows:

Designated Funds
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Aggregate of funds		 Opening
balance
2022
£
-
(23,024)
(23,024)
-
(23,024)		 Incoming
resources
2022
£
-
128,239
128,239
-
128,239		 Outgoing
resources
2022
£
-
(164,105)
(164,105)
-
(164,105)		 Transfers
in the year
2022
£
-
-
-
-
-		 Gains and
losses
2022
£
-
-
-
-
-		 Closing
balance
2022
£
-
(58,890)
(58,890)
-
(58,890)

Page 1

Amazing Grace - Teesside

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

Analysis of net assets by fund

In the previous year, the assets and liabilities of the various funds were as follows:

Tangible fixed assets
Debtors
Cash at bank and in hand
Creditors falling due within one year		 General
Designated
funds
funds
£
£
3,283
-
12,252
-
1,787
-
(76,212)
-
(58,890)
-
Unrestricted Funds		 Restricted
funds
£
-
-
-
-
-		 2022
£
3,283
12,252
1,787
(76,212)
(58,890)
General
funds
£
3,283
12,252
1,787
(76,212)
(58,890)

13 Operating lease commitments

The charity has an operating lease for its charity shop. The minimum amount payable (until the next break clause and ignoring the potential effect of future rent reviews) in respect of this lease is as follows:

Within one year
Between one and five years
After five years
Payments falling due:		 2023
£
8,000
24,000
-
32,000		 2022
£
8,000
32,000
-
40,000

During the year the charity was charged £8,000 (2022: £nil) for its operating lease.

14 Transactions with related parties

During the year the charity:

paid expenses to M Braye, totalling £6,000 (2022: £nil), who is closely related to trustee, A Braye, for administration of the

15 Members

Each member of the company commits to contribute if the charity is wound up an amount of £1.

Page 1

Amazing Grace - Teesside DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES FOR THE YEAR ENDED 31 DECEMBER 2023

Note
INCOME AND ENDOWMENTS FROM:
Donations
3
Other trading activities
4
Investment income
Other income
Total income and endowments
EXPENDITURE ON:
Charitable activities:
5
Total Expenditure
Net income/(expenditure)
Transfers between funds
12
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
12		 1
1
1
1

 Unrestric Designated
2023
£
-
-
-
-
-
-
-
-
-
-
-
-
-
ted funds		 Restricted
2023
£
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total
2023
£
114,612
31,147
-
92
145,851
148,823
148,823
(2,971)
-
(2,971)
(2,971)
(58,890)
(61,861)		 1
1
1
(
(
(
(
(		 General
2022
£
96,920
31,229
90
-
28,239
64,105
64,105
35,866)
-
35,866)
35,866)
23,024)
58,890)
Unrestric		 Designated
2022
£
-
-
-
-
-
-
-
-
-
-
-
-
-
ted funds		 Restricted
2022
£
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total
2022
£
96,920
31,229
90
-
128,239
164,105
164,105
(35,866)
-
(35,866)
(35,866)
(23,024)
(58,890)
General
2023
£
14,612
31,147
-
92
45,851
48,823
48,823
(2,971)
-
(2,971)
(2,971)
(58,890)
(61,861)

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