Registered number: 09474988 Charity number: 1167660
BREATH OF LIFE FAITH MINISTRIES
(A Company Limited by Guarantee)
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
BREATH OF LIFE FAITH MINISTRIES (A Company Limited by Guarantee)
CONTENTS
| Page | |
|---|---|
| Reference and Administrative Details of the Company, its Trustees and Advisers | 1 |
| Trustees' Report | 2 - 5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 - 9 |
| Notes to the Financial Statements | 10 - 18 |
BREATH OF LIFE FAITH MINISTRIES (A Company Limited by Guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024
Trustees Dr Olugbo Baptist Joy Johnson Nicholas Ebo Company registered number 09474988 Charity registered number 1167660 Registered office St. Marys Road Bournmouth Dorset BH1 4QP Accountants GIL Accountancy Services 177 Ballens Road Chatham Kent ME5 8PG
Page 1
BREATH OF LIFE FAITH MINISTRIES (A Company Limited by Guarantee)
TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2024
The Trustees present their annual report together with the financial statements of the BREATH OF LIFE FAITH MINISTRIES for the 1 April 2023 to 31 March 2024. The Annual Report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
The Breath of Life Faith Ministries was registered as a charity in June 2016; it has a three-member board of trustees. This report is an overview of our aims, activities and outlook as an organization. It also includes a summary of our achievements and successes as well as a financial overview.
Objectives and activities
Policies and objectives
We are a faith based registered charity with several entities to inspire hope and drive growth in the lives of people. “Our mission is to rebuild, repair and restore” with demonstrable impact to our community. We have a mandate to bring life to our community with particular attention covering youth empowerment, leadership training, social volunteering, supporting essential and secular skills acquisition and deployment, relationships, family, local and international student support and recreational activities.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
Strategies for achieving objectives
Starting with our immediate local family, the Church strives to provide spiritual nourishment and growth to our members so that they can also reach out to the community and beyond. Members are prepared and encouraged to live exemplary lives in the community, thus showcasing a Christ-centered lifestyle demonstrated in their interaction with the local community. Such exemplary lifestyle being worthy of emulation, particularly to those who are not Christians to come to the saving knowledge of Christ and to live purpose driven lives.
Activities undertaken to achieve objectives
The church has several activities which are directed at achieving our aims. Our activities include Weekly Bible Studies, scripture learning, Fasting and Prayer, evangelism, Sunday school and welfare. These activities are undertaken through our various dedicated departments and ministries. Our Senior Pastor offers counseling to our members as well as members of the community.
We also have social activities which bring members of the church and the community together in celebration. We promulgate a “church beyond walls” approach through impactful outreach programs in the local community. Our Open-Air Worship is a flagship event that sees the church engage in spirit filled worship and interaction with the local community. Through the Church, we inspire and impact young entrepreneurs in Bournemouth University via the Breath of Life Society. A weekly hub that serves as a preparatory ground for sound life skills.
Page 2
BREATH OF LIFE FAITH MINISTRIES (A Company Limited by Guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
Achievements and performance
Main achievements of the Company
Many marriages have been saved through the church’s teachings and counseling. Some of our members serve in the British Army, NHS and global brands in their chosen professional careers. The church has been an arm of support to these families particularly in times of career change/transition. Individuals and families have been motivated and encouraged to gain further education and set up businesses. The church also offers a platform for social integration as it is open to all, regardless of faith, race, age, gender or nationality.
We have a vibrant Children’s Church that has significantly increased year-on-year. We held a successful Teens Retreat attended by other faith-based teens organisation across UK. Our annual Career’s Event targeting YR713 draws invited delegates and speakers e.g. local MPs, business owners, professionals and the armed forces. Over 50% of the teenagers are active members (volunteers) of the workforce serving in several capacities from media (audiovisual), technical, choir etc. Integral to our legacy is the integration of our youth, learning and serving alongside older adults thus propagating the same values and practices to future generations.
With a rich legacy of past Presidents of Bournemouth University Student Union, our students have active participation through the Bournemouth Entrepreneurial Society – a registered society with Bournemouth University. The opportunity presented to prepare young adults for improved financial management and to explore entrepreneurial opportunities is invaluable.
The church has an engaged workforce that is committed to selfless service. The contributions and dedication of the workforce has enabled the Church to successfully carry out its activities. Underpinning the workforce success is the direction provided by the church leadership. Heads of Departments (HoDs) have grown in stature to nurture and guide their department members, evidenced by capacity development – spiritual and natural.
Financial review
Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
Reserves policy
The Charity seeks to maintain reserves which match any obligation, such as running costs of its operating activities. The target is to build and maintain unrestricted reserves equating to at least three months’ normal expenditure.
Principal funding
The Church is funded by members’ donations. Our transaction records are kept by appointed non paid members of the church.
Page 3
BREATH OF LIFE FAITH MINISTRIES (A Company Limited by Guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
Structure, governance and management
Constitution
BREATH OF LIFE FAITH MINISTRIES is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association.
Methods of appointment or election of Trustees
The management of the Company is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association.
Financial risk management
The Trustees have assessed the major risks to which the Company is exposed, in particular those related to the operations and finances of the Company, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
Plans for future periods
Having purchased a grade 2 listed building in 2019, the Church has gained the approval from the local authority for further refurbishment, thus creating increased capacity and modernisation. With the local community as a cornerstone of our operation, the church will continue to make a positive impact in the community and continue to reach out to the youth, yet-to-be employed and students. Our desire is to see members of the community fulfil divine purpose, lead responsible lives and make responsible decisions which will benefit themselves and the wider community.
Page 4
BREATH OF LIFE FAITH MINISTRIES (A Company Limited by Guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
Statement of Trustees' responsibilities
The Trustees (who are also the directors of the Company for the purposes 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. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP (FRS 102);
-
make judgments and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the 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 Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by:
................................................ Dr Olugbo Baptist (Chair of Trustees) Date: 20 November 2024
Page 5
BREATH OF LIFE FAITH MINISTRIES (A Company Limited by Guarantee)
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024
Independent Examiner's Report to the Trustees of BREATH OF LIFE FAITH MINISTRIES ('the Company')
I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 March 2024.
Responsibilities and Basis of Report
As the Trustees of the Company (and 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 the Company's accounts 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:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
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
-
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.
This report is made solely to the Company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Company's Trustees those matters I am required to state to them in an Independent Examiner's 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 Company and the Company's Trustees as a body, for my work or for this report.
Signed: 7 Dated: 21 November 2024 D Tabiri FCCA
177 Ballens Road, Chatham. ME5 8PG
Page 6
BREATH OF LIFE FAITH MINISTRIES (A Company Limited by Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024
| Note Income from: Donations and legacies 3 Total income Expenditure on: Raising funds 4 Charitable activities 5 Total expenditure Net movement in funds before other recognised gains/(losses) Other recognised gains/(losses): Gains on revaluation of fixed assets Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Restricted funds 2024 £ 2,528 2,528 2,381 - 2,381 147 - 147 - 147 147 |
Unrestricted funds 2024 £ 161,127 161,127 - 109,173 109,173 51,954 - 51,954 3,563,822 51,954 3,615,776 |
Total funds 2024 £ 163,655 163,655 2,381 109,173 111,554 52,101 - 52,101 3,563,822 52,101 3,615,923 |
Total funds 2023 £ 108,675 |
|---|---|---|---|---|
| 108,675 | ||||
| - 70,807 |
||||
| 70,807 | ||||
| 37,868 3,387,483 |
||||
| 3,425,351 | ||||
| 138,471 3,425,351 |
||||
| 3,563,822 |
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 10 to 18 form part of these financial statements.
Page 7
BREATH OF LIFE FAITH MINISTRIES (A Company Limited by Guarantee) REGISTERED NUMBER: 09474988
BALANCE SHEET AS AT 31 MARCH 2024
| Fixed assets Note Tangible assets 9 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 10 Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year 11 Net assets excluding pension asset Total net assets Charity funds Restricted funds 12 Unrestricted funds 12 Total funds |
67,512 67,512 (1,250) |
2024 £ 3,755,178 3,755,178 66,262 3,821,440 (205,517) 3,615,923 3,615,923 147 3,615,776 3,615,923 |
28,986 28,986 (1,000) |
2023 £ 3,741,353 3,741,353 27,986 3,769,339 (205,517) 3,563,822 3,563,822 - 3,563,822 3,563,822 |
|---|---|---|---|---|
The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
Page 8
BREATH OF LIFE FAITH MINISTRIES (A Company Limited by Guarantee) REGISTERED NUMBER: 09474988
BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2024
................................................
Dr Olugbo Baptist (Chair of Trustees) Date: 20 November 2024
The notes on pages 10 to 18 form part of these financial statements.
Page 9
BREATH OF LIFE FAITH MINISTRIES (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
1. General information
BREATH OF LIFE FAITH MINISTRIES is a charity, registered in England and Wales. The charity's registered number and registered office address can be found on the Reference and Administration information page 1.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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 Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
BREATH OF LIFE FAITH MINISTRIES meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Income
All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
2.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on raising funds includes all expenditure incurred by the Company to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
2.4 Tangible fixed assets and depreciation
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Page 10
BREATH OF LIFE FAITH MINISTRIES (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
2. Accounting policies (continued)
2.4 Tangible fixed assets and depreciation (continued)
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives,
Depreciation is provided on the following bases:
Freehold property - Nil Motor vehicles - 20% straight line Other fixed assets - 25% reducing balance
2.5 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
2.6 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
2.7 Financial instruments
The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2.8 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company 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 Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Page 11
BREATH OF LIFE FAITH MINISTRIES (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
3. Income from donations and legacies
| Donations Similar incoming resources - Gift aid Total 2024 Donations |
Restricted funds 2024 £ 2,528 - 2,528 |
Unrestricted funds 2024 £ 141,805 19,322 161,127 Unrestricted funds 2023 £ 108,675 |
Total funds 2024 £ 144,333 19,322 |
|---|---|---|---|
| 163,655 | |||
| Total funds 2023 £ 108,675 |
4. Expenditure on raising funds Costs of raising voluntary income
| Restricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2024 | 2024 | 2023 | |
| £ | £ | £ | |
| Project Cyrus | 2,381 | 2,381 | - |
Page 12
BREATH OF LIFE FAITH MINISTRIES (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
5. Analysis of expenditure on charitable activities
Summary by fund type
| Church Activities Church Activities |
Unrestricted funds 2024 £ 109,173 Unrestricted funds 2023 £ 70,807 |
Total 2024 £ 109,173 Total 2023 £ 70,807 |
|---|---|---|
6. Analysis of expenditure by activities
| Church Activities Church Activities |
Activities undertaken directly 2024 £ 101,150 Activities undertaken directly 2023 £ 64,640 |
Support costs 2024 £ 8,023 Support costs 2023 £ 6,167 |
Total funds 2024 £ 109,173 Total funds 2023 £ 70,807 |
|---|---|---|---|
Page 13
BREATH OF LIFE FAITH MINISTRIES (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
6. Analysis of expenditure by activities (continued)
Analysis of direct costs
| Depreciation Ministry expenses Travel and subsistence Mortgage interest Rates Repairs and maintenance Insurance Publicity costs Charitable donations Honorariums Light & heat Hospitality Analysis of support costs Computer & IT costs Printing, postage and stationery Telephone and data costs Accountancy fees Consultancy fees Sundry expenses |
Total funds 2024 £ 6,121 6,708 9,118 20,901 265 8,575 3,813 1,516 14,461 26,492 194 2,986 101,150 Total funds 2024 £ 2,516 - 1,109 1,250 - 3,148 8,023 |
Total funds 2023 £ 6,121 6,477 3,837 16,052 299 2,445 3,591 1,290 6,287 14,350 188 3,703 |
|---|---|---|
| 64,640 | ||
| Total funds 2023 £ 2,096 63 1,051 1,000 594 1,363 |
||
| 6,167 |
Page 14
BREATH OF LIFE FAITH MINISTRIES (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
7. Independent examiner's remuneration
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Fees payable to the Company's independent examiner for the independent | ||
| examination of the Company's annual accounts | 1,250 | 1,000 |
8. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2023 - £NIL)
During the year ended 31 March 2024, no Trustee expenses have been incurred (2023 - £NIL) .
9. Tangible fixed assets
| Cost or valuation At 1 April 2023 Additions Rounding difference At 31 March 2024 Depreciation At 1 April 2023 Charge for the year At 31 March 2024 Net book value At 31 March 2024 At 31 March 2023 |
Freehold property £ 3,700,000 - - 3,700,000 - - - 3,700,000 3,700,000 |
Motor vehicles £ 18,694 - - 18,694 3,739 3,739 7,478 11,216 14,955 |
Other fixed assets £ 42,384 19,946 (1) 62,329 15,986 2,382 18,368 43,961 26,398 |
Total £ 3,761,078 19,946 (1) 3,781,023 19,725 6,121 25,846 3,755,177 3,741,353 |
|---|---|---|---|---|
Page 15
BREATH OF LIFE FAITH MINISTRIES (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
10. Creditors: Amounts falling due within one year
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Accruals and deferred income | 1,250 | 1,000 |
11. Creditors: Amounts falling due after more than one year
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Bank loans | 205,517 | 205,517 |
The aggregate amount of liabilities payable or repayable wholly or in part more than five years after the reporting date is:
| Payable or repayable by instalments | 2024 £ 205,517 205,517 |
2023 £ 205,517 205,517 |
|---|---|---|
Page 16
BREATH OF LIFE FAITH MINISTRIES (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
12. Statement of funds
Statement of funds - current year
| Unrestricted funds General Funds - all funds Restricted funds Restricted Funds - all funds Total of funds Statement of funds - prior year Balance at 1 April 2022 £ Unrestricted funds General Funds - all funds 138,471 |
Balance at 1 April 2023 £ 3,563,822 - 3,563,822 Income £ 108,675 |
Income £ 161,127 2,528 163,655 Expenditure £ (70,807) |
Expenditure £ (109,173) (2,381) (111,554) Gains/ (Losses) £ 3,387,483 |
Balance at 31 March 2024 £ 3,615,776 147 3,615,923 Balance at 31 March 2023 £ 3,563,822 |
|---|---|---|---|---|
Page 17
BREATH OF LIFE FAITH MINISTRIES (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
13. Analysis of net assets between funds
Analysis of net assets between funds - current period
| Tangible fixed assets Current assets Creditors due within one year Creditors due in more than one year Rounding Difference Total Analysis of net assets between funds - prior period Tangible fixed assets Social investments Current assets Creditors due within one year Creditors due in more than one year Total |
Restricted funds 2024 £ - 147 - - - 147 |
Unrestricted funds 2024 £ 3,755,177 67,365 (1,250) (205,517) 1 3,615,776 Unrestricted funds 2023 £ 3,741,353 - 28,986 (1,000) (205,517) 3,563,822 |
Total funds 2024 £ 3,755,177 67,512 (1,250) (205,517) (1) 3,615,923 Total funds 2023 £ 3,741,353 - 28,986 (1,000) (205,517) 3,563,822 |
|---|---|---|---|
Page 18