REGISTERED COMPANY NUMBER: CE009144 (England and Wales) REGISTERED CHARITY NUMBER: 1170377
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31st March 2024
for
WORLD HEALING CENTRE
Whittles LLP Chartered Accountants
1 Richmond Road Lytham St Annes Lancashire FY8 1PE
WORLD HEALING CENTRE
Contents of the Financial Statements for the Year Ended 31st March 2024
| Page | |
|---|---|
| Report of the Trustees | 1 to 5 |
| Statement of Trustees' Responsibilities | 6 |
| Independent Examiner's Report | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 to 10 |
| Notes to the Financial Statements | 11 to 16 |
| Detailed Statement of Financial Activities | 17 to 18 |
WORLD HEALING CENTRE
Report of the Trustees
for the Year Ended 31st March 2024
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 31st 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
The object of the CIO is “to crusade for world brotherhood through love and faith in God as revealed by our lord Jesus Christ”. This includes offering help to those that request it, acknowledging our commitment to serve others and the fellowship of humankind. The charity aims to achieve this through, but not limited to, spiritual outreach, running seminars, workshops and retreats to provide support to the local community and other worthy and deserving groups.
Our support is available to help meet with courage and discernment the spiritual challenges which we all face along the path to union with the Divine Source of our being.
We have completed a major renovation of our historic building in order to facilitate our expanded and enhanced activities.
Significant activities
We aim to assist all human beings to find their individual truth and connection through spiritual teachings and prayer. We embrace the individuality of all beings and understand that self-empowerment is the key to a peaceful and fulfilled life. We deliver a weekly programme including a range of inspiring activities as well as one off events to assist our community to connect and grow.
We facilitate a range of activities from Monday to Friday between the hours of 9 am and 4 pm. We offer daily meditation, spiritual classes and workshops in emotional wellbeing, mindfulness, meditation, yoga, dance, music and creativity. Membership is free to our local community as are the majority of our services.
We publish two magazines and two newsletters each year which are distributed to approximately 1200 members across the Globe. The publications are designed to inform, uplift and inspire the readers. We encourage contributions from the charity's staff, volunteers and members to ensure that the content is diverse and inclusive.
Members who write to us are provided with a prompt and relevant reply and we accompany our letters with inspiring cards and information leaflets to assist in the awakening journey. We also send inspiring quotes, weekly inspirations and wisdom to our email subscribers.
Additionally, we provide a meeting space for a range of external groups to support bringing our community together.
Public benefit
The public receives a variety of free self-development classes and sessions to assist with personal growth and emotional resilience. We also provide a wide range of publications and literature to support our teachings and groups. We provide personal and spiritual support to those who contact us whether by telephone, in writing or in person. Everybody is welcome to join our growing community.
We offer free hot lunches three days a week to support local communities through the cost of living crisis along with free refreshments to encourage people to view the premises, to meet our staff and volunteers and find out more about our activities and services.
The Trustees recognise the Charity Commission public benefit guidance and have taken this into account in their decision making.
Page 1
WORLD HEALING CENTRE
Report of the Trustees
for the Year Ended 31st March 2024 (continued)
ACHIEVEMENT AND PERFORMANCE Charitable activities
1. Emails, Letters and Phone Calls
We receive emails, letters and phone calls each day requesting prayers, advice and information. All are answered with care, kindness and compassion and replies are prompt and dealt with in a confidential manner. We also send Birthday, Easter and Christmas cards to our members.
2. Workshops / Classes / Talks
We have run many regular and ad-hoc events including: Silent Meditation, Mindfulness, Spiritual Teachings, Guided Meditation, Knit and Natter, Arts and Crafts, and Yoga. We have also started running weekend retreats which are offered to local communities as well as people living out of the area.
3. Interfaith Work
We offer to host the Interfaith Forum on behalf of Blackpool Council bringing our community together through faith.
4. Community Groups
We have several community groups who use our premises including The Hindu Society, Amnesty International, AA and Blackpool Heritage.
FINANCIAL REVIEW
Principal funding sources
The Charity relies on the following two main sources of funding:
- Donations and Gifts, some of which attract tax benefit from Gift Aid. - Legacies.
Investment policy and objectives
Aside from retaining a prudent amount in reserves each year, the charity's funds are invested in FSCS guaranteed deposit accounts to ensure maximum protection of the funds.
Reserves policy
As the charity relies entirely on voluntary contributions, which the Trustees are unable to anticipate with any degree of accuracy, the Trustees' policy on Reserves needs to be flexible. The current policy on Reserves is that the 'free reserves' i.e. funds not invested in Tangible Fixed Assets, should be retained to meet foreseeable expenditure over a period of twelve months, which equates to approximately £150,000. At 31st March 2024, these reserves amount to £148,073 (all of which are unrestricted) which is just below the target level. The trustees are giving consideration to selling our property and moving to a more sustainable arrangement.
During the year the charity's total income was £54,927 and total expenditure was £283,264, resulting in a deficit before any revaluation gains/losses of £228,337.
Page 2
WORLD HEALING CENTRE
Report of the Trustees
for the Year Ended 31st March 2024 (continued)
FINANCIAL REVIEW
Going Concern
The financial statements have been prepared on a going concern basis. This is the conclusion of the Trustees after taking full consideration of the uncertainties faced by the charity.
In preparing these financial statements the Trustees are required to prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees have revisited their financial projections for the next twelve months after assessing the impact of moving to a work-from-home operation, thereby substantially reducing costs.
The Trustees have reviewed in detail the charity's updated cash flow projections and funding options and considered the charity's ability to discharge its liabilities as they fall due. In doing so, and despite the challenges faced, they have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The Trustees therefore continue to adopt the going concern basis of accounting in preparing the annual financial statements.
FUTURE PLANS
-
To create various funding streams to ensure the charity is self-sufficient and viable for the future.
-
To investigate our ability to change to a work-from-home organisation and sell our building.
-
Extend our programme of free activities between Monday and Saturday to provide our community with a range of services to assist with self-empowerment, development and growth.
-
Develop and promote and Employee Health and Wellness Programme to local employers.
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Facilitate monthly weekend retreats for our community and global audience.
-
Work in collaboration with other organisations and agencies to secure social funding programmes to create community projects and events
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Increase our outreach work to deliver relevant services further afield.
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Continue to expand our interfaith services in collaboration with Blackpool Council and the faith community in Blackpool.
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Continue to expand our online and social media reach.
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Seek to appoint other Trustees to create a well-balanced expert Board.
-
Host spiritual festivals and events in collaboration with local organisations and charities.
Page 4
WORLD HEALING CENTRE
Report of the Trustees
for the Year Ended 31st March 2024 (continued)
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
The charity is a Charitable Incorporated Organisation (CIO) registered by the Charity Commission on 24th November 2016. Prior to this, the charity operated as an unincorporated charity, known as World Healing Crusade (Reg No. 232409). All funds were transferred to the CIO on 24th November 2016. The CIO is governed by its Constitution, which was first adopted on 22nd October 2014, later amended on 31st October 2017.
Recruitment and appointment of new trustees
The Trustees are always prepared to recruit new Trustees who express enthusiasm to assist in furthering the aims and objectives of the charity. With this in mind the Trustees meet and discuss with those who are recommended, taking account to ensure there is an appropriate combination of skills, interests and gender. New Trustees are appointed by a resolution passed at Trustees' meeting.
Organisational structure
The charity is governed by its Trustees, who meet at least twice a year. The Trustees are responsible for formulating the strategy and policies for the CIO as a whole, including the approval of budgets and the exercising of financial controls through regular financial reporting. The senior management attend all Board meetings, unless unable to do so. A scheme of delegation is in place whereby day to day responsibility and decision making rests with the principal officer. Matters such as change of policy, staff remuneration and items of material one-off expenditures, are tabled for discussion and decisions about these are made at Trustee Meetings.
Induction and training of new trustees
As part of their induction programme, the new Trustees are made aware of their responsibilities as Board Members. This induction includes an introduction to the objectives, scope and policies of the charitable funds, Charity Commission information on Trustee responsibilities, copies of the latest Trustee Annual Reports and Accounts, and the CIO's constitution.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
CE009144 (England and Wales)
Registered Charity number
1170377
Registered office
476 Lytham Road Blackpool Lancashire FY4 1JF
Trustees
Mr I MacPherson Mr J Yates Mrs D Yates Mr M Nathanael Ms R Day
Page 4
WORLD HEALING CENTRE
Report of the Trustees
for the Year Ended 31st March 2024 (continued)
REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner Whittles LLP Chartered Accountants 1 Richmond Road Lytham St Annes Lancashire FY8 1PE
Solicitors
Fylde Law 325 Clifton Drive South Lytham St Annes Lancashire FY8 1HN
Bankers
HSBC PLC Oxford Square 1 Newhouse Road Blackpool FY4 4YH Approved by order of the board of trustees on ............................................. and signed on its behalf by:
............................................................................. Mr I MacPherson - Trustee
Page 5
WORLD HEALING CENTRE
Statement of Trustees' Responsibilities for the Year Ended 31st March 2024
The trustees (who are also the directors of World Healing Centre for the purposes of company law) are responsible for preparing the Report of the Trustees 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charity SORP;
-
make judgements and estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to 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.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website.
Page 6
Independent Examiner's Report to the Trustees of World Healing Centre
Independent examiner's report to the trustees of World Healing Centre ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st March 2024.
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:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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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.
Wayne Murphy FCA Whittles LLP Chartered Accountants 1 Richmond Road Lytham St Annes Lancashire FY8 1PE
Date: .............................................
Page 7
WORLD HEALING CENTRE
Statement of Financial Activities
(Incorporating an Income and Expenditure Account) for the Year Ended 31st March 2024
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 3 44,835 Other trading activities 4 - Investment income 5 4,592 Other income 6 5,500 Total 54,927 EXPENDITURE ON Raising funds - Charitable activities Providing spiritual guidance and support 283,264 Total 283,264 NET (EXPENDITURE)/INCOME (228,337) OTHER RECOGNISED GAINS/(LOSSES) Gains/(losses) on revaluation of fixed assets - NET MOVEMENT IN FUNDS (228,337) RECONCILIATION OF FUNDS Total funds brought forward 1,361,671 TOTAL FUNDS CARRIED FORWARD 1,133,334 |
31.03.24 31.03.23 Restricted Total Total fund funds funds £ £ £ - 44,835 120,217 - - - - 4,592 2,254 - 5,500 12,000 - 54,927 134,471 - - - - 283,264 287,034 - 283,264 287,034 - (228,337) (152,563) - - - - (228,337) (152,563) - 1,361,671 1,514,234 - 1,133,334 1,361,671 |
|---|---|
The notes form part of these financial statements
Page 8
WORLD HEALING CENTRE
Balance Sheet 31st March 2024
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 11 985,261 CURRENT ASSETS Debtors 12 36,599 Cash at bank and in hand 122,327 158,926 CREDITORS Amounts falling due within one year 13 (10,853) NET CURRENT ASSETS 148,073 TOTAL ASSETS LESS CURRENT LIABILITIES 1,133,334 NET ASSETS 1,133,334 FUNDS 15 Unrestricted funds – general use Unrestricted funds – revaluation reserve Restricted funds TOTAL FUNDS |
31.03.24 31.03.23 Restricted Total Total fund funds funds £ £ £ - 985,261 984,100 - 36,599 29,540 - 122,327 363,161 - 158,926 392,701 - (10,853) (15,130) - 148,073 377,571 - 1,133,334 1,361,671 - 1,133,334 1,361,671 296,064 524,401 837,270 837,270 - - 1,133,334 1,361,671 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 9
WORLD HEALING CENTRE
Balance Sheet - continued 31st March 2024
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Mr I MacPherson - Trustee
The notes form part of these financial statements
Page 10
Notes to the Financial Statements for the Year Ended 31st March 2024
WORLD HEALING CENTRE
1. LEGAL FORM
World Healing Centre is a Charitable Incorporated Organisation (CIO), which is registered in England. The registration details are stated on page 4.
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The presentation currency of the financial statements is the Pound Sterling (£).
No significant judgements have had to be made by the trustees in preparing these financial statements.
The financial statements have been prepared on a going concern basis. This is the conclusion of the Trustees after taking full consideration of the uncertainties faced by the charity resulting from the Covid-19 pandemic that continues to affect both the UK and World's economies. Despite the challenges faced, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The Trustees therefore continue to adopt the going concern basis of accounting in preparing the annual financial statements. Further detail can be found in the Report of the Trustees.
Income
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.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
| Fixtures and fittings | - 25% on cost |
|---|---|
| Computer equipment | - 25% on cost |
Taxation
The charity is exempt from corporation tax on its charitable activities.
continued...
Page 11
Notes to the Financial Statements - continued for the Year Ended 31st March 2024
WORLD HEALING CENTRE
2. ACCOUNTING POLICIES - continued
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are value at the amount prepaid net of any trade discounts due.
Cash at bank and in hand
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Creditors
Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.
3. DONATIONS AND LEGACIES
| Donations Gift aid Legacies OTHER TRADING ACTIVITIES Fundraising events Sale of miscellaneous items |
31.03.24 £ 10,316 1,547 32,972 44,835 31.03.24 £ - - - |
31.03.23 £ 11,534 1,970 106,713 120,217 31.03.23 £ - - - |
|---|---|---|
4. OTHER TRADING ACTIVITIES
continued...
Page 12
WORLD HEALING CENTRE
Notes to the Financial Statements - continued for the Year Ended 31st March 2024
5. INVESTMENT INCOME
| 5. | INVESTMENT INCOME | ||
|---|---|---|---|
| 31.03.24 | 31.03.23 | ||
| £ | £ | ||
| Rents received | - | 623 | |
| Deposit account interest | 4,592 | 1,631 | |
| 4,592 | 2,254 | ||
| 6. | OTHER INCOME | ||
| 31.03.24 | 31.03.23 | ||
| £ | £ | ||
| Covid-19 related grants and wage subsidies | - | - | |
| Other grants | 5,500 | 12,000 | |
| 5,500 | 12,000 | ||
| 7. | NET INCOME/(EXPENDITURE) | ||
| Net (expenditure)/income is stated after charging: | |||
| 31.03.24 | 31.03.23 | ||
| £ | £ | ||
| Depreciation - owned assets | 8,091 | 12,422 | |
| Independent examiner's remuneration - as examiner | 440 | 440 | |
| Independent examiner's remuneration - other services | 1,560 | 1,560 |
8. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st March 2024 nor for the year ended 31st March 2023.
Trustees' expenses
During the year Trustees were reimbursed for expenses totalling £265 (2023: £567).
9. STAFF COSTS
Wages and salaries Social security costs Other pension costs The average monthly number of employees during the year was as follows: Charitable Activity Support Costs |
31.03.24 £ 160,286 6,627 2,917 169,830 31.03.24 10 - 10 |
31.03.23 £ 153,174 6,768 2,858 162,800 31.03.23 10 - 10 |
|---|---|---|
No employees received emoluments in excess of £60,000.
continued...
Page 13
WORLD HEALING CENTRE
Notes to the Financial Statements - continued for the Year Ended 31st March 2024
10. SUPPORT COSTS
| SUPPORT COSTS | |||
|---|---|---|---|
| Governance | |||
| Management | costs | Totals | |
| £ | £ | £ | |
| Providing spiritual guidance and support | 22,045 | 5,747 | 27,792 |
| Support costs, included in the above, are as follows: | |||
| 31.03.24 | 31.03.23 | ||
| £ | £ | ||
| Premises expenses | 22,045 | 24,012 | |
| Legal fees | 3,482 | 3,834 | |
| Professional fees | 2,000 | 2,000 | |
| Sundry costs | 265 | 567 | |
| 27,792 | 30,413 |
11. TANGIBLE FIXED ASSETS
| COST At 1st April 2023 Additions Revaluations At 31st March 2024 DEPRECIATION At 1st April 2023 Charge for year Eliminated on revaluation At 31st March 2024 NET BOOK VALUE At 31st March 2024 At 31st March 2023 |
Freehold property £ 970,000 - - 970,000 - - - - 970,000 970,000 |
Fixtures and Computer fittings equipment Totals £ £ £ 45,876 6,943 1,022,819 5,487 3,765 9,252 - - - 51,363 10,708 1,032,071 35,770 2,949 38,719 5,819 2,272 8,091 - - - 41,589 5,221 46,810 9,774 5,487 985,261 10,106 3,994 984,100 |
Fixtures and Computer fittings equipment Totals £ £ £ 45,876 6,943 1,022,819 5,487 3,765 9,252 - - - 51,363 10,708 1,032,071 35,770 2,949 38,719 5,819 2,272 8,091 - - - 41,589 5,221 46,810 9,774 5,487 985,261 10,106 3,994 984,100 |
|---|---|---|---|
| 38,719 8,091 - |
|||
| 46,810 | |||
| 985,261 | |||
| 984,100 |
On 18[th] March 2021 the Land and Buildings of the charity were valued by Damien Gibbs BSc (Hons) MRICS of Garside Waddingham, Chartered Surveyors. The open market valuation of the freehold interest was calculated at £970,000 which was reflected in the accounts to 31[st] March 2021.
The trustees estimate that the fair value of the land and buildings has remained constant since that date.
The historic cost of freehold land and buildings is £138,260.
continued...
Page 14
WORLD HEALING CENTRE
Notes to the Financial Statements - continued for the Year Ended 31st March 2024
12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| DEBTORS: AMOUNTS FALLING DUE WITHIN | ONE YEAR | |
|---|---|---|
| 31.03.24 | 31.03.23 | |
| £ | £ | |
| Trade debtors | 115 | 1,000 |
| Other debtors | 31,812 | 23,916 |
| Accrued income | - | - |
| Prepayments | 4,672 | 4,624 |
| 36,599 | 29,540 |
Accrued income includes £nil (2023: £nil) legacy income received from estates after the end of the financial year.
13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 31.03.24 | 31.03.23 | |
|---|---|---|
| £ | £ | |
| Trade creditors | 8,733 | 10,001 |
| Accrued expenses | 2,000 | 2,000 |
| Other creditors | 120 | 3,129 |
| 10,853 | 15,130 |
14. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31st March 2024.
Page 15
continued...
WORLD HEALING CENTRE
Notes to the Financial Statements - continued for the Year Ended 31st March 2024
15. MOVEMENT IN FUNDS
| Net movement At 01.04.23 in funds £ £ Unrestricted funds General fund 524,401 (228,337) Revaluation reserve 837,270 - Restricted funds - - TOTAL FUNDS 1,361,671 (228,337) Net movement in funds, included in the above are as follows: Incoming Resources Revaluation resources expended gains/(losses) £ £ £ Unrestricted funds General fund 54,927 (283,264) -0 Revaluation reserve - - -0 0 Restricted funds - - -0 TOTAL FUNDS 54,927 (283,264) - Comparatives for movement in funds Net movement At 01.04.22 in funds £ £ Unrestricted funds General fund 676,964 (152,563) Revaluation reserve 837,270 - Restricted funds TOTAL FUNDS 1,514,234 (152,563) Comparative net movement in funds, included in the above are as follows: Incoming Resources Revaluation resources expended gains/(losses) £ £ £ Unrestricted funds General fund 134,471 (287,034) - Revaluation reserve - - - Restricted funds - - - TOTAL FUNDS 134,471 (287,034) - |
At 31.03.24 £ 296,064 837,270 - 1,133,334 Movement in funds £ (228,337) - - (228,337) At 31.03.23 £ 524,401 837,270 1,361,671 Movement in funds £ (152,563) - - (152,563) |
|---|---|
Page 16
WORLD HEALING CENTRE
Detailed Statement of Financial Activities for the Year Ended 31st March 2024
| Detailed Statement of Financial Activities for the Year Ended 31st March 2024 |
||
|---|---|---|
| 31.03.24 | 31.03.23 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 10,316 | 11,534 |
| Gift aid | 1,547 | 1,970 |
| Legacies | 32,972 | 106,713 |
| 44,835 | 120,217 | |
| Other trading activities | ||
| Fundraising events | - | - |
| Sale of miscellaneous items | - | - |
| - | - | |
| Investment income | ||
| Rents received | - | 623 |
| Deposit account interest | 4,592 | 1,631 |
| 4,592 | 2,254 | |
| Other income | ||
| Other grants | 5,500 | 12,000 |
| Covid-19 related grants and wage subsidies | - | - |
| 5,500 | 12,000 | |
| Total incoming resources | 54,927 | 134,471 |
| EXPENDITURE | ||
| Other trading activities | ||
| Purchases | - | - |
| Charitable activities | ||
| Wages | 160,286 | 153,174 |
| Social security | 6,627 | 6,768 |
| Pensions | 2,917 | 2,858 |
| Insurance | 4,872 | 4,467 |
| Light and heat | 18,817 | 4,435 |
| Telephone and internet | 3,714 | 3,959 |
| Postage | 4,437 | 8,283 |
| Sundries | 3,691 | 2,258 |
| Gardening and cleaning | 1,397 | 1,023 |
| Ministry expenses | 10,171 | 4,603 |
| Printing and stationery | 4,903 | 8,468 |
| Rates and water | 364 | 510 |
| Repairs and renewals | 22,280 | 41,631 |
| Subscriptions and licences | 2,703 | 1,533 |
| 247,179 | 243,970 |
This page does not form part of the statutory financial statements
Page 17
WORLD HEALING CENTRE
Detailed Statement of Financial Activities for the Year Ended 31st March 2024
| Detailed Statement of Financial Activities for the Year Ended 31st March 2024 |
||
|---|---|---|
| 31.03.24 | 31.03.23 | |
| £ | £ | |
| Support costs | ||
| Management | ||
| Rates and water | 156 | 219 |
| Insurance | 2,088 | 1,915 |
| Light and heat | 8,064 | 1,901 |
| Telephone | 1,591 | 1,697 |
| Repairs and renewals | 9,548 | 17,842 |
| Gardening and cleaning | 598 | 438 |
| 22,045 | 24,012 | |
| Finance | ||
| Bank charges | 202 | 210 |
| Depreciation | ||
| Freehold property | - | - |
| Fixtures and fittings | 5,819 | 10,709 |
| Computer equipment | 2,272 | 1,713 |
| Loss on disposal of assets | - | 19 |
| 8,091 | 12,441 | |
| Governance costs | ||
| Accountancy fees | 2,000 | 2,000 |
| Legal fees | 3,482 | 3,834 |
| Trustees meeting costs | 265 | 567 |
| 5,747 | 6,401 | |
| Total resources expended | 283,264 | 287,034 |
| Net (expenditure)/income | (228,337) | **(152,563) ** |
This page does not form part of the statutory financial statements
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