Charity registration number 01156053
Company registration number 08811198 (England and Wales)
NORTHWOOD CHAPEL
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
NORTHWOOD CHAPEL
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | Mr A P Kellard |
|---|---|
| Mr G A Peel | |
| Rev P D Roberts | |
| Secretary | Mr A P Kellard |
| Charity number | 01156053 |
| Company number | 08811198 |
| Principal address | Northwood Chapel |
| Bigdale Drive | |
| Northwood | |
| Kirkby | |
| Merseyside | |
| L33 6XG | |
| Registered office | Northwood Chapel |
| Bigdale Drive | |
| Northwood | |
| Kirkby | |
| Merseyside | |
| L33 6XG | |
| Independent examiner | Jean Ellis BA FCA CTA |
| DSG | |
| Castle Chambers | |
| 43 Castle Street | |
| Liverpool | |
| L2 9TL |
NORTHWOOD CHAPEL
CONTENTS
| Page | |
|---|---|
| Trustees report | 1 - 3 |
| Statement of Trustees responsibilities | 4 |
| Independent examiner's report | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes to the financial statements | 8 - 13 |
NORTHWOOD CHAPEL
TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2022
The Trustees present their annual report and financial statements for the year ended 31 December 2022.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's governing document, the Companies Act 2006 and "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 2019)".
Objectives and activities
The charity aims to present the Christian message of the Gospel of Jesus Christ as written in the Holy Scriptures, to men, women and children, in particular, but not limited to, those who live in Kirkby. These aims are met by reaching out to those in need, whatever those needs might be.
Our aim has been to minister to those who are in need spiritually and physically, through the preaching of God’s Word and supply of food when possible. During 2021 we were able to restart the meetings previously held through Zoom, and our services are still broadcast for all who wish to keep up with what is happening at Northwood.
The Charity was able to hold once again a Mission week in August due to the relaxation of Covid 19 Pandemic rules, however this weekly event was held conscious of the continuous needs brought about Covid 19, and was well received by the people of Kirkby and others who attended the events during the week. Also during this time the people of Kirkby were able to continue to access the Kirkby Foodbank, which is run by the charity for the local populace.
The Trustees have paid due regard to guidance issued by the Charities Commission in deciding what activities the charity should undertake.
Volunteers
The charity makes use of volunteers during the course of the year in many of its activities. These duties may include, and this list is not exhaustive – Assisting in the preparation of food, serving members of the public, helping with youth work, delivering tinned food etc. Most volunteers come from local churches in the Merseyside area, but some come from further afield.
Achievements and performance
During 2022 there has again been much activity within the church based work. And again these have been accessed by the community and well supported by many volunteers during the year.
During the year our youth work has continued to run on a Tuesday evening, and this has attracted a number of new children from the local populace, both primary school and high school ages. They have enjoyed games, singing, Bible teaching and craftwork. Meetings were almost back to normal and there has been the opportunity to start up a youth meeting on a Sunday evening after the church service. This year it was decided not to run our normal “Passion for Kirkby” event in the centre of Kirkby. Instead we were able to go into 10 of the local primary schools to engage with the year 1 & 2 groups. This was done through the presentation of a new book that the church had just published called “An Elephant in a Boat”. Each child in school also received a free copy of the book to take home.
Once again, all the activities were well supported by members of the church and also volunteers from the local community. The church also organizes a LAMB,s group, which is for Ladies and Mums with Babies. This group is primarily for ladies in the community, some who may have small children. This has been well attended during the year as meetings were restarted. The Charity was able, with the help of various volunteers to continue to support the community through the foodbank. And this was run from the church premises. This has again been a vital work amongst the community, especially when so many found themselves in need of support because of loss of wages, and high fuel costs etc. We are grateful for those who have supported this work, financially and through the donation of tins etc. It has been a privilege to see Kirkby people supporting Kirkby people throughout this time of great need.
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NORTHWOOD CHAPEL
TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022
Financial review
The results for the year and the charity’s financial position at the end of the year are shown in the attached financial statements.
The charity received incoming resources of £34,363 (2021: £37,324) and expended £43,504 (2021: £44,501), resulting in a deficit of £9,141 (2021: deficit of £7,177 ) in the period covered by the accounts. The balance sheet of the charity remains good with a net asset value of £12,356 (2021: £21,497).
Reserves policy
It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six months’ expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
No funds were materially in deficit during the period covered by these accounts.
Risk policy
The Trustees have assessed the major risks to which the Charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
Plans for future periods
Our plan for the future is to restart the “Passion for Kirkby” event in 2023, and also possibly re-visit some of the local primary schools in the area with the “Elephant in the Boat” booklet.
Structure, governance and management
The Charity is a company limited by guarantee.
The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
Mr A P Kellard Mr G A Peel Rev P D Roberts
New Trustees will always be appointed following nominations and voting by existing Trustees. They must possess a good balance of skills, and be of good character.
None of the Trustees has any beneficial interest in the Company. All of the Trustees are members of the Company and guarantee to contribute £1 in the event of a winding up.
New Trustees undergo a full induction process and receive copies of key and relevant documents from both the Charity Commission and Companies House, outlining the roles and responsibilities of the Charity Trustee.
The position of Church Pastor (Remunerated) is occupied by Mr G A Peel. This is a salaried position and was approved by the Charity Commission when the charity was established.
There were three Trustees at the end of the financial year. The Trustees are responsible for the finances of the charity and employment of all staff. The Church Pastor is responsible for overseeing the pastoral and spiritual life of the Charity.
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NORTHWOOD CHAPEL
TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The Trustees report was approved by the Board of Trustees.
Mr A P Kellard
Trustee
15 September 2023
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NORTHWOOD CHAPEL
STATEMENT OF TRUSTEES RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEMBER 2022
The Trustees, who are also the directors of Northwood Chapel for the purpose of company law, are responsible for preparing the Trustees Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company Law 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, including the income and expenditure, of the charitable company for that year.
In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation.
The Trustees are responsible for keeping adequate 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 Companies Act 2006. They 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.
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NORTHWOOD CHAPEL
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NORTHWOOD CHAPEL
I report to the Trustees on my examination of the financial statements of Northwood Chapel (the Charity) for the year ended 31 December 2022.
This report is made solely to the charity’s Trustees , as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity’s Trustees those matters I am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s Trustees as a body, for my work, for this report, or for the opinions I have formed.
Responsibilities and basis of report
As the Trustees of the Charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).
Having satisfied myself that the financial statements of the Charity 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 the Charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable 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 that in any material respect:
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1 accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act; or
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2 the financial statements do not accord with those records; or
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3 the financial statements 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
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4 the financial statements 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 financial statements to be reached.
Jean Ellis BA FCA CTA DSG Castle Chambers 43 Castle Street Liverpool L2 9TL
Dated: 15 September 2023
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NORTHWOOD CHAPEL
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2022
| Unrestricted | Restricted | Restricted | Total | Unrestricted | Restricted | Total | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||||||
| 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | |||||
| Notes | £ | £ | £ | £ | £ | £ | ||||
| Income from: | ||||||||||
| Donations and | ||||||||||
| legacies | 3 | 19,890 | 14,452 | 34,342 | 15,698 | 21,624 | 37,322 | |||
| Investments | 4 | 21 | - | 21 | 2 | - | 2 | |||
| Total income | 19,911 | 14,452 | 34,363 | 15,700 | 21,624 | 37,324 | ||||
| Expenditure on: | ||||||||||
| Charitable activities | 5 | 28,489 | 15,015 | 43,504 | 12,743 | 31,758 | 44,501 | |||
| Total expenditure | 28,489 | 15,015 | 43,504 | 12,743 | 31,758 | 44,501 | ||||
| Net expenditure for the | ||||||||||
| year/ | ||||||||||
| Net movement in | funds | (8,578) | (563) | (9,141) | 2,957 | (10,134) | (7,177) | |||
| Fund balances at 1 January | ||||||||||
| 2022 | 20,934 | 563 | 21,497 | 17,977 | 10,697 | 28,674 | ||||
| Fund balances at 31 | ||||||||||
| December 2022 | 12,356 | - | 12,356 | 20,934 | 563 | 21,497 |
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
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NORTHWOOD CHAPEL
BALANCE SHEET
AS AT 31 DECEMBER 2022
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| Current assets | |||||
| Debtors | 10 | 1,228 | 561 | ||
| Cash at bank and in hand | 12,353 | 21,860 | |||
| 13,581 | 22,421 | ||||
| Creditors: amounts falling due within | |||||
| one year | 11 | (1,225) | (924) | ||
| Net current assets | 12,356 | 21,497 | |||
| Net assets | 12,356 | 21,497 | |||
| Income funds | |||||
| Restricted funds | 12 | - | 563 | ||
| Unrestricted funds | 12,356 | 20,934 | |||
| 12,356 | 21,497 |
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2022.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Trustees on 15 September 2023
Mr A P Kellard
Trustee
Company registration number 08811198
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NORTHWOOD CHAPEL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
1 Accounting policies
Charity information
Northwood Chapel is a private company limited by guarantee incorporated in England and Wales. The registered office is Northwood Chapel, Bigdale Drive, Northwood, Kirkby, Merseyside, L33 6XG.
1.1 Accounting convention
The financial statements have been prepared in accordance with the Charity's governing document, the Companies Act 2006 and "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 2019)". The Charity is a Public Benefit Entity as defined by FRS 102.
The Charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
1.4 Income
Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
1.5 Expenditure
Income and expenses are included in the financial statements as they become receivable or due.
Expenses include VAT where applicable as the company cannot reclaim it.
1.6 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
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NORTHWOOD CHAPEL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022
1 Accounting policies
(Continued)
1.7 Financial instruments
The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Impairment of financial assets
Financial assets, other than those held at fair value through income and expenditure, are assessed for indicators of impairment at each reporting date. Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected.
If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in net income/(expenditure) for the year.
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in net income/(expenditure) for the year.
Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the Charity transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Charity’s contractual obligations expire or are discharged or cancelled.
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NORTHWOOD CHAPEL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022
1 Accounting policies
(Continued)
1.8 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.9 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2 Critical accounting estimates and judgements
In the application of the Charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Donations and legacies
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||
| 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | |
| £ | £ | £ | £ | £ | £ | |
| Donations and gifts | 19,890 | 14,452 | 34,342 | 12,476 | 21,624 | 34,100 |
| Covid-19 Job | ||||||
| Retention Scheme | ||||||
| Grant | - | - | - | 3,222 | - | 3,222 |
| 19,890 | 14,452 | 34,342 | 15,698 | 21,624 | 37,322 |
4 Investments
| **Unrestricted ** | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2022 | 2021 | |
| £ | £ | |
| Interest receivable | 21 | 2 |
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NORTHWOOD CHAPEL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022
5 Charitable activities
| 2022 | 2021 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| £ | £ | ||||||||||
| Staff costs | 15,508 | 14,744 | |||||||||
| Passion for Kirby | - | 7,633 | |||||||||
| Affiliation | 3,000 | 3,000 | |||||||||
| Utilities | 2,419 | 1,899 | |||||||||
| Missionary giving | 900 | 900 | |||||||||
| Insurance | 1,248 | 1,187 | |||||||||
| Speaker expenses | 1,045 | 250 | |||||||||
| Books and CD's | 129 | 652 | |||||||||
| Outreach/Evangelism | 5,015 | 996 | |||||||||
| Easter gift | - | 600 | |||||||||
| Consumables | 304 | 212 | |||||||||
| Building and equipment costs | 3,098 | 2,312 | |||||||||
| Foodbank | 9,298 | 8,910 | |||||||||
| 41,964 | 43,295 | ||||||||||
| Share of governance costs (see | note 6) | 1,540 | 1,206 | ||||||||
| 43,504 | 44,501 | ||||||||||
| Analysis by fund | |||||||||||
| Unrestricted funds | 28,489 | 12,743 | |||||||||
| Restricted funds | 15,015 | 31,758 | |||||||||
| 43,504 | 44,501 | ||||||||||
| Support costs | |||||||||||
| Support | Governance |
2022 | Support | Governance |
2021 | ||||||
| costs | costs | costs | costs | ||||||||
| £ | £ | £ | £ | £ | £ | ||||||
| Legal and professional | - | 297 | 297 | - | 301 | 301 | |||||
| Independent examination | |||||||||||
| fees | - | 1,243 | 1,243 | - | 905 | 905 | |||||
| - | 1,540 | 1,540 | - | 1,206 | 1,206 | ||||||
| Analysed between | |||||||||||
| Charitable activities | - | 1,540 | 1,540 | - | 1,206 | 1,206 |
6 Support costs
Governance costs includes payments to the independent examiner of £1,243 (2021: £905) for examination fees.
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NORTHWOOD CHAPEL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022
7 Trustees
Other than as noted below, none of the Trustees (or any persons connected with them) received any remuneration,expenses or benefits from the Charity during the year.
The position of Church Pastor (Remunerated) is occupied by Mr G A Peel, a Trustee of the charity. This is a salaried position and was approved by the Charity Commission when the charity was established. Salary and pension contributions of of £15,508 (2021: £14,744 ) were paid in the year.
8 Employees
The average monthly number of employees during the year was:
| 2022 | 2021 | |||
|---|---|---|---|---|
| Number | Number | |||
| Church pastor and support | 1 | 1 | ||
| Employment costs | 2022 | 2021 | ||
| £ | £ | |||
| Wages and salaries | 15,252 | 14,514 | ||
| Other pension costs | 256 | 230 | ||
| 15,508 | 14,744 |
There were no employees whose annual remuneration was more than £60,000.
9 Taxation
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
10 Debtors
| 10 | Debtors | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Amounts falling due within one year: | £ | £ | ||
| Prepayments and accrued income | 1,228 | 561 | ||
| 11 | Creditors: amounts falling due within one year | |||
| 2022 | 2021 | |||
| £ | £ | |||
| Accruals and deferred income | 1,225 | 924 |
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NORTHWOOD CHAPEL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022
12 Restricted funds
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
| Movement in funds | Movement in funds | Movement in funds | Movement in funds | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Balance at | Incoming | Resources |
Balance at | Incoming | Resources |
Balance at | |||
| 1 | January 2021 | resources | expended | 1 | January 2022 | resources | expended | 31 December | |
| 2022 | |||||||||
| £ | £ | £ | £ | £ | £ | £ | |||
| Donations | 8,496 | 14,633 | (23,129) | - | 13,682 | (13,682) | - | ||
| Evangelism | 2,201 | 6,991 | (8,629) | 563 | 770 | (1,333) | - | ||
| 10,697 | 21,624 | (31,758) | 563 | 14,452 | (15,015) | - |
Donations - this represents gifts given towards the Pastor's salary, foodbank, books and CDs, and Easter gifts.
Evangelism - this represents gifts given towards Passion for Kirby and The Vine project.
13 Analysis of net assets between funds
| Unrestricted | Restricted |
**Total ** |
Unrestricted | Restricted |
Total |
|
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||
| 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | |
| £ | £ | £ | £ | £ | £ | |
| Fund balances at 31 | ||||||
| December 2022 are | ||||||
| represented by: | ||||||
| Current assets/(liabilities) | 12,356 | - | 12,356 | 20,934 | 563 | 21,497 |
| 12,356 | - | 12,356 | 20,934 | 563 | 21,497 |
14 Related party transactions
Remuneration of key management personnel
The remuneration of key management personnel is as follows.
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Aggregate compensation | 15,508 | 14,744 |
There were no other related party transactions in the year.
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Document History
| Document History | Document History | Document History | Document History | Document History | Document History |
|---|---|---|---|---|---|
| SignNow E-Signature Audit Log All dates expressed in MM/DD/YYYY (US) |
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| Document name: Northwood Chapel - final accounts for the year ended 31 December 2022 (002) |
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| Document created: 09/15/2023 13:53:42 |
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| Document pages: 16 |
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| Document ID: 2a32589a5c914254a0b7f7435eb1e8d2dd1cbb7b |
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| Signers: alankellard@gmail.com, jme@dsg.uk.com |
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| SignNow Web Application | Viewed the Document | dsg-corporate-signnow@dsg.uk.com | 09/15/2023 13:53:49 pm UTC | 09/15/2023 13:53:49 pm UTC | 86.15.52.78 |
| SignNow Web Application | Document Saved | dsg-corporate-signnow@dsg.uk.com | 09/15/2023 13:55:52 pm UTC | 09/15/2023 13:55:51 pm UTC | 86.15.52.78 |
| SignNow Web Application | Invite Sent to: alankellard@gmail.com, jme@dsg.uk.com |
dsg-corporate-signnow@dsg.uk.com | 09/15/2023 13:56:05 pm UTC | 09/15/2023 13:56:04 pm UTC | 86.15.52.78 |
| SignNow Web Application | Viewed the Document | alankellard@gmail.com | 09/15/2023 14:20:33 pm UTC | 09/15/2023 14:20:33 pm UTC | 79.78.129.82 |
| SignNow Web Application | Signed the Document | alankellard@gmail.com | 09/15/2023 14:22:47 pm UTC | 09/15/2023 14:22:47 pm UTC | 79.78.129.82 |
| SignNow Web Application | Document Saved | alankellard@gmail.com | 09/15/2023 14:22:47 pm UTC | 09/15/2023 14:22:47 pm UTC | 79.78.129.82 |
| SignNow Web Application | Signed the Document | alankellard@gmail.com | 09/15/2023 14:22:47 pm UTC | 09/15/2023 14:22:47 pm UTC | 79.78.129.82 |