Registered Charity Number :- 1162131 CHRIST IMAGE ASSEMBLY NORTHAMPTON a Charitable Incorporated Organisation ## TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR END 31 March 2024 **Christ Image Assembly Northampton 28-34 Wellington Street** **Northampton** **CHRIST IMAGE ASSEMBLY NORTHAMPTON** **CONTENTS** FOR THE YEAR ENDED 31 March 2024 **TRUSTEES' REPORT** .................................................................................................................................................... 3 **INDEPENDENT EXAMINER'S REPORT** .................................................................................................................. 9 **STATEMENT OF FINANCIAL ACTIVITIES** .......................................................................................................... 10 **BALANCE SHEET** ........................................................................................................................................................ 11 **NOTES TO THE FINANCIAL STATEMENTS** ........................................................................................................ 12 2 **CHRIST IMAGE ASSEMBLY NORTHAMPTON** **INDEPENDENT EXAMINER'S REPORT** FOR THE YEAR ENDED 31 March 2024 The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. 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 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** A. The advancement of the Christian faith in accordance with the CIO's statement of beliefs, in such ways and in such parts of the United Kingdom or the World as the Trustees from time to time may think fit. B.The prevention or relief of poverty for the public benefit by the provision of funds, goods or services of any kind in such parts of the United Kingdom or the World as the Trustees from time to time may think fit. C. The advancement of education for the benefit of the public in such ways and in such parts of the United Kingdom or the World as the Trustees from time to time may think fit. D. The furtherance of such other purposes as are exclusively charitable under the laws of England and Wales including the relief of social isolation for the elderly and the promotion of good citizenship by helping people make positive contributions to their community as an expression of their faith. " ## **Significant activities** In determining its yearly activities, the CIO considered the Charity Commission's guidance on public benefit at its annual meeting for reviewing and setting the annual goals and for developing programmes and projects. The following activities were done in line with the CIO's objectives: ## **1. Provision of a place of worship** As in previous years, all through the operating year, the CIO held regular Church services twice a week to include worship music, prayers and biblical teachings addressing varied subjects on the Christian Faith. These were publicised using various online and printed media and the general public were invited to attend. The services were a mix of in-person and remote services (using video conferencing software). Sunday services were regularly streamed live on social media channels for a wider reach. ## **2. Provision of goods to support families in need** During the Christmas season, the Church supported families and individuals in need with Christmas Hampers containing everything needed for a decent Christmas meal. Each hamper was bought at a subsided rate of £30 from the Christmas Lunch on Jesus franchise. The individuals and families in 3 **CHRIST IMAGE ASSEMBLY NORTHAMPTON** **INDEPENDENT EXAMINER'S REPORT** FOR THE YEAR ENDED 31 March 2024 need were identified through self-referrals, referral by friends and families and via social media. We also receive referrals from the Department of Work and Pensions and other local charities like the Eve Charity. This is now the tenth consecutive year that the CIO has run this scheme. The CIO intends to continue running this scheme annually. The charity identified and supported families in need with welfare donations during the year. ## **3. The advancement of Education** The CIO put together several teachings/seminars as part of the statutory worship services. The teachings/seminars covered spiritual development, finance, youth empowerment, relationships, and personal development. Providers included in-house experts and guest experts. During the year, the CIO provided two Business Analysis courses free of charge to the general public. The CIO continued the entrepreneurship and investment club aimed at increasing financial literacy and developing the entrepreneurship prowess of its members. Members of the club met monthly for training and development sessions. ## **4. The relief of social isolation** The CIO’s befriending scheme, Linking Lives Northampton, has continued to help address the problem of social isolation among older persons in Northampton. Demand for the scheme’s services remains high. In the course of the year, several more links were made. The number of volunteers working in this scheme also increased during this year. The CIO had a paid employee who coordinated the activities of the befriending scheme. ## **Public benefit** The CIO held two Business Analysis training course which was offered free of charge to the general public. The CIO supported families and individuals in need with Christmas Hampers at Christmas. The recipients were members of the local community as well as referrals from the Department for Works and Pensions and other local charities. The charity identified and supported families in need with welfare donations as part of the celebration of its anniversary. ## **ACHIEVEMENT AND PERFORMANCE** ## **Charitable activities** The charity held two church services every Sunday during the year, with an average attendance of 90 people at each service. Mid-week services held on Wednesdays at least twice monthly, with an average attendance of 50 people in each service. These numbers include adults, young people and children. We also started holding cell (small group) meetings at various locations in Northampton and Wellingborough, holding them twice weekly. 4 **CHRIST IMAGE ASSEMBLY NORTHAMPTON** **INDEPENDENT EXAMINER'S REPORT** FOR THE YEAR ENDED 31 March 2024 All arms of the church have witnessed a steady increase in membership to a current level of around 240, including children and young people. The CIO continues to enjoy a good working relationship with other churches in Northampton. Its leaders meet to pray with other church leaders for the town of Northampton and, indeed, the nation of Great Britain. By continuing to hold some services remotely using video conferencing software and streaming services live on social media networks, the CIO extended its reach and witnessed increased attendance at its services. The CIO held two Business Analysis training courses during the year, both of which were offered free of charge to the public. Teenagers and youth members of the CIO held regular meetings, which featured teachings and activities aimed at empowering young people to succeed in their endeavours and have a positive impact on the community. The Trustees of the CIO continue to support the church members through the pastoral care team, cell groups, follow-up, and visitation teams. The recently implemented cell system continued to run effectively to increase the level of care and support for its members. Birthdays and wedding anniversaries of the CIO’s members were acknowledged and celebrated. Regular prayer and bible teaching sessions were held throughout the year, which many members found comforting and uplifting. ## **Fundraising activities** The CIO did not receive any grants this year. ## **Investment performance** The charity continued to work towards its investment goals after the successful purchase of a property for use in pursuant of its charitable activities. ## **FUTURE PLANS** The CIO plans to continue its community engagement work through Linking Lives. The CIO plans to support individuals and families at Christmas through its Christmas Lunch on Jesus initiative and also to donate several hampers to those in need. The church also plans to continue its welfare package to support our members and the public at large. 5 **CHRIST IMAGE ASSEMBLY NORTHAMPTON** **INDEPENDENT EXAMINER'S REPORT** FOR THE YEAR ENDED 31 March 2024 ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document which is its Constitution ## **Charity constitution** Charitable Incorporated Organisation (CIO) Foundation ## **Recruitment and appointment of new trustees** Under the requirements of the Charity Constitution, Trustees are elected to serve under a fixed term and can be re-elected for further fixed terms. ## **Organisational structure** The charity was established on 11 June 2015 as a Charitable Incorporated Organisation. The trustees maintain the charity's governance. They hold regular board meetings and additional meetings when required. The charity is supported by about 65 volunteers who work an average of 4 hours weekly. If minimum wage is applied to this, the cash value of the volunteer force to the charity in a full year could be over **£154,669** . Without the support of these volunteers, the charity would not have been able to meet its aims and objectives effectively. ## **Induction and training of new trustees** The trustees are familiar with the church's workings, and the charity draws from long-standing church members and Christians from other denominations who have a skill set to offer. New trustees are encouraged to attend a series of short training sessions and seminars provided by external organisations. ## **Wider network** CIA is an affiliate of the International Ministry of Christ Image Assembly, whose head church is in Lagos, Nigeria. 6 **CHRIST IMAGE ASSEMBLY NORTHAMPTON** **INDEPENDENT EXAMINER'S REPORT** FOR THE YEAR ENDED 31 March 2024 ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Registered Charity number** 1162131 ## **Principal address** 28-34 Wellington Street, Northampton, NN1 3AS ## **Trustees** Olufemi Adeleye Temitope Kujore Temitope Ojo Itohan Laura Oboh Chidinma Uju Kingsley-Uju ## **Bankers** Barclays Bank Plc, 267 Wellingborough Road, Northampton, NN1 4EN 7 CHRIST IMAGE ASSEMBLY NORTHAMVfON INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 March 2024 Approved by order of the board of trustees on 21 December 2024 and signed on its behalf by: Signature: Full names: Olufemi Adeleye Position: Chair Date: Signature: Full names". Te tope Ojo Position: Secretary Date: Qil12la)24 Signature: Full names: Tem ope Kujore P051tion: Treasurer Date: L/I4Lo2ty Signature: Full names: Chidinma Kingsley-uju Position: Member Date: 21 |1£1I04 Signature: Full names: Itohan Laura Oboh Position: Member Date: **CHRIST IMAGE ASSEMBLY NORTHAMPTON** **INDEPENDENT EXAMINER'S REPORT** FOR THE YEAR ENDED 31 March 2024 ## **Independent examiner's report to the trustees of Christ Image Assembly, Northampton** I report to the charity trustees on my examination of the accounts of Christ Image Assembly, Northampton (the Trust) for the year ended 31 March 2024. ## **Responsibilities and basis of report** As the charity trustees of the 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 Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all 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 the 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 applicable 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. Charles Clarke FCCA Rachel Charles & Co 9 Macleod Close Grays Essex RM17 5RD 21st December 2024 Date: ............................................. 9 **CHRIST IMAGE ASSEMBLY NORTHAMPTON** **STATEMENT OF FINANCIAL ACTIVITIES** FOR THE YEAR ENDED 31 March 2024 |**Recommended**
**categories by activity**
**Notes**
**Income and**
**endowments from:**
Donations and legacies
2
Investments
3
**Total**
**Expenditure on:**
Raising funds
4
Charitable activities
5
Other
7
**Total**
**Net**
**income/(expenditure)**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought
forward
**Total funds carried**
**forward**|**Unrestricted**
**funds**
**£**
**Restricted**
**income funds**
**£**
**Total Funds**
**2024**
**£**
**Total Funds**
**2023**
**£**
111,029.00
-
111,029.00
117,207.00
-
-
-
41.00| |---|---| ||**111,029.00**
**-**
**111,029.00**
**117,248.00**| ||8,672.00
-
8,672.00
4,438.00
73,304.00
-
73,304.00
62,169.00
14,810.00
-
14,810.00
12,101.00| ||**96,786.00**
**-**
**96,786.00**
**78,708.00**| ||**14,243.00**
**-**
**14,243.00**
**38,540.00**| ||**14,243.00**
**-**
**14,243.00**
**38,540.00**
165,543.00
2,551.00
168,094.00
129,554.00| ||**179,786.00**
**2,551.00**
**182,337.00**
**168,094.00**| 10 **CHRIST IMAGE ASSEMBLY NORTHAMPTON** **BALANCE SHEET** FOR THE YEAR ENDED 31 March 2024 |**Recommended**
**categories by activity**
**Notes**
Fixed assets
Tangible assets
11
**Total fixed assets**
Current assets
Debtors
12
Cash at bank and in hand
13
**Total current assets**
Creditors: amounts
falling due within one
year
14
**Net current**
**assets/(liabilities)**
**Total assets less**
**current liabilities**
Creditors: amounts
falling due after one year
15
**Total net assets or**
**liabilities**
**Funds of the Charity**
Unrestricted funds
16
Restricted income funds
16
Endowment funds
16
**Total funds**|**Unrestricted**
**funds**
**£**
**Restricted**
**income funds**
**£**
**Total Funds**
**2024**
**£**
**Total Funds**
**2023**
**£**
258,913.00
-
258,913.00
262,493.00| |---|---| ||**258,913.00**
**-**
**258,913.00**
**262,493.00**| ||900.00
-
900.00
-
31,153.00
-
31,153.00
18,162.00
**32,053.00**
**-**
**32,053.00**
**18,162.00**
10,625.00
-
10,625.00
10,520.00
**21,428.00**
**-**
**21,428.00**
**7,642.00**| ||**280,341.00**
**-**
**280,341.00**
**270,135.00**| ||98,004.00
-
98,004.00
102,041.00| ||**182,337.00**
**-**
**182,337.00**
**168,094.00**| ||179,786.00
179,786.00
165,543.00
2,551.00
2,551.00
2,551.00
-
-| ||**179,786.00**
**2,551.00**
**182,337.00**
**168,094.00**| The financial statements were approved by the Board on 21-Dec-2024 and signed on its behalf by: Dr Ojo Temitope Ojo Trustee 11 **CHRIST IMAGE ASSEMBLY NORTHAMPTON** **NOTES TO THE FINANCIAL STATEMENTS** FOR THE YEAR ENDED 31 March 2024 ## **1 Accounting Policies** ## **1.1 Accounting Policies** The principal accounting policies adopted by the Charity, which is a public benefit entity, in the preparation of the accounts are as follows. ## **1.2 Basis of preparation** These accounts have been prepared under the historical cost convention, as modified by the inclusion of charitable properties and fixed asset investments and investment properties at valuation. These accounts 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 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. These accounts are presented in pounds sterling and rounded to the nearest pound. ## **1.3 Going concern** The Trustees have prepared financial projections, taking into consideration the current economic conditions and have, at the time of approving these accounts, a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the accounts. ## **1.4 Income from donations or grants** Income from donations and grants is recognised when the charity is entitled to the funds, the receipt is probable and the amount can be measured reliably. For donations, this is usually on receipt. For grants, this is usually when a formal o"er is made in writing. If a donation or grant contains terms and conditions outside of the charity’s control which must be met before the charity is entitled to the funds, or if the donor specifies that the funds must be used in future time periods, then the income is deferred. ## **1.5 Tax reclaims on donations and gifts** Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise. 12 **CHRIST IMAGE ASSEMBLY NORTHAMPTON** **NOTES TO THE FINANCIAL STATEMENTS** FOR THE YEAR ENDED 31 March 2024 ## **1.6 Income from charitable activities** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **1.7 Expenditure** Expenditure is recognised when a present legal or constructive obligation exists at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefits will be required to settle the obligation, and the amount can be estimated reliably. It is inclusive of VAT which cannot be recovered. Direct costs are those costs which directly attribute to its activities. Wages and salaries are allocated to direct costs based on an estimate of time spent on charitable activities by staff members. Support costs include staff costs and are those which do not produce a direct output. Staff costs relate to specific activities and this is reflected in the allocation of payroll costs based on the percentage of time spent. All costs, including governance costs, are allocated between the expenditure categories of the charity on a basis designed to reflect the use of the resource. Costs relating to a particular activity are charged directly; others are apportioned on an appropriate basis. Support costs and overheads have been calculated by allocating staff time to the level of involvement in the various activities of the Charity. ## **1.8 Pensions** The Charity makes contributions to defined contribution pension schemes through auto enrolment. These contributions are charged to the income and expenditure account in the year in which they become payable. ## **1.9 Taxation** The organisation is a registered charity and has no liability to income tax or corporation tax on its charitable activities during the year. Value added tax is accounted for on an accruals basis. ## **1.10 Fund accounting** Unrestricted funds are those funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. 13 **CHRIST IMAGE ASSEMBLY NORTHAMPTON** **NOTES TO THE FINANCIAL STATEMENTS** FOR THE YEAR ENDED 31 March 2024 ## **1.11 Tangible fixed assets** Tangible fixed assets, such as land and buildings, plant, vehicles and equipment, are held to provide an on-going economic benefit to a charity through their contribution, directly or indirectly, to the provision of goods or services by the charity. Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |**Name**|**Rate**
**(%)**|**Method**| |---|---|---| |Plant &
machinery|20|on cost| |Fixtures &
fittings|25|on cost| |Computer
equipment|33|on cost| ## **2 Income from Donations and Legacies** |**Analysis**

Donation
and gifts
Gift Aid|**Unrestricted**
**funds**
**£**
100,395.00
10,634.00
111,029.00|**Total**
**funds 2024**
**£**

100,395.00

10,634.00

111,029.00|**Total**
**funds 2023**
**£**

94,102.00

23,105.00| |---|---|---|---| ||||
117,207.00| ## **3 Income from Investments** |**Analysis**

Interest
income|**Total funds**
**2024**

**£**
-
-|**Total funds**
**2023**
**£**

41.00| |---|---|---| |||
41.00| 14 **CHRIST IMAGE ASSEMBLY NORTHAMPTON** **NOTES TO THE FINANCIAL STATEMENTS** FOR THE YEAR ENDED 31 March 2024 ## **4 Expenditure on Raising Funds** |**Analysis**
Rent
collection,
property
repairs and
maintenance
charges|**Total funds**
**2024**

**£**
8,672.00
8,672.00|**Total funds**
**2023**
**£**
4,438.00| |---|---|---| |||4,438.00| ## **5 Expenditure on Charitable Activities** |**Analysis**
Interest payable
Charity
management &
administartio
Charity running
cost
Cost of services
Employee costs
Donations
Support Costs|**Total funds**
**2024**
**£**
8,863.00
5,702.00
17,368.00
6,358.00
24,799.00
9,564.00
650.00
73,304.00|**Total funds**
**2023**
**£**
6,039.00
1,961.00
15,102.00
7,582.00
25,310.00
5,350.00
825.00| |---|---|---| |||62,169.00| ## **6 Support Costs** |**Analysis**
**Governance Costs**
Accountancy fees|**Total**
**funds 2024**
**£**
650.00
**650.00**|**Total**
**funds 2023**
**£**

825.00| |---|---|---| |||**825.00**| 15 **CHRIST IMAGE ASSEMBLY NORTHAMPTON** **NOTES TO THE FINANCIAL STATEMENTS** FOR THE YEAR ENDED 31 March 2024 ## **7 Other Expenditure** |**Analysis**|**Unrestricted**
**funds**|**Total**
**funds 2024**|**Total**
**funds 2024**|**Total**
**funds 2023**|**Total**
**funds 2023**| |---|---|---|---|---|---| ||**£**||**£**||**£**| |Depreciation|||||| |Charge for|||||| |the Year -|11,621.00||11,621.00||11,621.00| |Plant &|||||| |Machinery|||||| |Depreciation|||||| |Charge for|||||| |the Year -|2,808.00||2,808.00||-| |Fixtures &|||||| |Fittings|||||| |Depreciation|||||| |Charge for|||||| |the Year -|381.00||381.00||480.00| |Computer|||||| |Equipment|||||| ||14,810.00||14,810.00||12,101.00| |**etails of certain Items**|||**of Expenditure**||| ||||||This year Last year| ||||||£ £| |**Independent examiner’s fees**|||||650 625| |**Assurance services other than**||**audit or independent examination**|||| |**Tax advisory fees**|||||| |**Other fees paid to the independent examiner**|||||200| ## **8 Details of certain Items of Expenditure** ## **9 Employee’s Emoluments** |**9 E**|**mployee’s Emolument**|**s**|| |---|---|---|---| |**9.1**|**Head count in the year**|**This year**|**Last**
**year**| ||Fundraising||| ||Charitable Activities|2|2| ||Governance||| ||Other||| 16 **CHRIST IMAGE ASSEMBLY NORTHAMPTON** **NOTES TO THE FINANCIAL STATEMENTS** FOR THE YEAR ENDED 31 March 2024 ## **10 Defined contribution Pension Scheme** |**10 Defined contribution Pension Scheme**||| |---|---|---| |**10.1 Please complete this note if a defined contribution pension**|**This year**|**Last year**| |**scheme is operated.**||| ||**£**|**£**| |Amount of contributions recognised in the SOFA as an expense
|359|737| ## **11 Tangible Fixed Assets** ## **11.1 Cost or valuation** |At 01 April 2023
Additions
Disposals
Revaluations
Transfers
At 31 March
2024|**Freehold Land &**
**Buildings**
**Plant &**
**Machinery**
**Fixtures &**
**Fittings**
**Computer**
**Equipment**
**£**
**£**
**£**
**£**

231,407.00
58,106.00
476.00
2,559.00
-
-
11,230.00
-
-
-
-
-
-
-
-
-
-
-
-
-| |---|---| ||231,407.00
58,106.00
11,706.00
2,559.00| ## **11.2 Depreciation and impairments** |At 01 April 2023
Depreciation
charge
Disposals
Revaluations
Transfers
At 31 March 2024|**Freehold Land &**
**Buildings**
**Plant &**
**Machinery**
**Fixtures &**
**Fittings**
**Computer**
**Equipment**
**£**
**£**
**£**
**£**
-
27,403.00
475.00
2,177.00
-
11,621.00
2,808.00
381.00
-
-
-
-
-
-
-
-
-
-
-
-| |---|---| ||
-
39,024.00
3,283.00
2,558.00| 17 **CHRIST IMAGE ASSEMBLY NORTHAMPTON** **NOTES TO THE FINANCIAL STATEMENTS** FOR THE YEAR ENDED 31 March 2024 ## **11.3 Net book value** |At 01 April
2023
At 31 March
2024|**Freehold Land &**
**Buildings**
**Plant &**
**Machinery**
**Fixtures &**
**Fittings**
**Computer**
**Equipment**
**£**
**£**
**£**
**£**
231,407.00
30,703.00
1.00
382.00| |---|---| ||231,407.00
19,082.00
8,423.00
1.00| ## **12 Debtors: Amounts falling due within one year** |Other debtors|**Total funds 2024**
**£**
900.00
900.00|**Total funds 2023**
**£**
-| |---|---|---| |||-| ## **13 Cash at bank and in hand** |Cash at
bank
and on
hand|**Total funds**
**2024**
**£**
31,153.00
31,153.00|**Total funds**
**2023**
**£**

18,162.00| |---|---|---| |||
18,162.00| 18 **CHRIST IMAGE ASSEMBLY NORTHAMPTON** **NOTES TO THE FINANCIAL STATEMENTS** FOR THE YEAR ENDED 31 March 2024 ## **14 Creditors: Amounts falling due within one year** |**Total funds 2024**
**£**
Bank loans and overdrafts
9,900.00
Accruals and deferred income
655.00
Other creditors
70.00
10,625.00
**Creditors: Amounts falling due after one year**
An analysis of the maturity of loans is given below:
31.3.24
£
Amounts falling due within one year on demand:
Bank loans 9,900
Amounts falling between one and two years:
Bank loans - 1-2 years 9,900
Amounts falling due between two and five years:
Bank loans - 2-5 years 29,700
Amounts falling due between two and five years:
Bank loans - 5yr by installment 48,504|**Total funds 2023**
**£**
9,900.00
620.00
-| |---|---| ||10,520.00| ||| ||
31.3.23
£
9,900
9,900
29,700
62,441| ## **15 Creditors: Amounts falling due after one year** 19 **CHRIST IMAGE ASSEMBLY NORTHAMPTON** **NOTES TO THE FINANCIAL STATEMENTS** FOR THE YEAR ENDED 31 March 2024 ## **16 Charity funds** ## **16.1 Details of material funds held and movements during the CURRENT reporting period** ||**Fund names**|**Fund**
**balances**
**brought**
**forward**
**Income**|**Expenditure**|**Expenditure**|**Transfers**|**Gains**
**and**
**losses**|**Fund**|**balances carried**
**forward**|**balances carried**
**forward**| |---|---|---|---|---|---|---|---|---|---| |||**£**
**£**|**£**||**£**|**£**||**£**|| ||**Unrestricted**||||||||| ||**funds**||||||||| ||**Unrestricted**||||||||| ||**General**|165,543.00 101,465.00|
(87,222.00)||-|-|||179,786.00| ||**Funds**||||||||| ||**Restricted**
**income funds**|2,551.00
-||-|-|-|||2,551.00| ||**Total**|168,094.00 101,465.00|
(87,222.00)||-|-|||182,337.00| |**16.2**|**Details of material funds held and movements**|||**during the PREVIOUS reporting period**|||||| ||**Fund names**
**Fund**
**balances**
**brought**
**forward**||**Income**|**Expenditure**||
**Transfers**
**Gains**
**and**
**losses**|||**Fund**
**balances**
**carried**
**forward**| |||**£**|**£**||**£**||**£**|**£**|**£**| ||**Unrestricted funds**||||||||| |||127,003.00|117,248.00||(78,708.00)||-|-|165,543.00| ||**Restricted income**
**funds**
2,551.00|||-||-|-|-|2,551.00| ||**Total**|129,554.00|117,248.00||(78,708.00)||-|-|168,094.00| 20 **CHRIST IMAGE ASSEMBLY NORTHAMPTON** **NOTES TO THE FINANCIAL STATEMENTS** FOR THE YEAR ENDED 31 March 2024 ## **17 Transactions with trustees and related parties** ## **17.1 Trustee remuneration and benefits** **There are no related party transactions for the year ended 31 March 2024 .** 21