Company Registration number 10409374 Charity Registration number 1171176 BETHANY CHRISTIAN CENTRE (a ¢ompany limited by guarant¢¢ without share capital} ANNUAL REPORT AND FINANCIAL STATEMENrs 31 March 2024 Stephenson Coales Audit Limited Chartered Accountants Wesi 2, Asama Court Newcastle Business Park Newcastle upon Tyne NE4 7YD
BETHANY CHRISTIAN CENTRE (a company limited by guarante¢ without share capital) REPORT OF THE DIRECTORS The directors present their annual report and the financial statements for the year ¢nded 31 March 2024. Reference and administr2tiv¢ details Company number 10409374 Charity number 1171176 PTjDcipal address Bethany ChuKh Hetton Road Houghton-le-spring Tyne and Wear, DH5 8PF Independent exatlliDer John Oswald BA FCA Stephenson Coai¢s Audit Limited Chartered accountants West 2, Asama Court Newcastle Business Park Newcastle upon Tyne, NE4 7YD Bankers Barclays Bank PLC Newcastle City Office Newcasile upon Tyne, NEI 4QL Soli¢itors Square One Law Anson House The Fletning Business Centre Burdon Terrace Jesmond Newcastl¢ upon Tyne NE2 3AE Directors The directors who served during the year and up to the date of approval of this report were as follows: PJGill D J Keith N HolJnes RARust Page I
BETHANY CHRISTIAN CENTRE (a company litnited by guarante¢ without share capital) REPORT OF THE DIRECTORS (conlinuedj Structurey governance and management Governing documents Bethany Christian Centre is a company limiied by guarantee, 8overned by its Memorandum and Articles of Association dated 3 October 2016. The charitable company was incorporated on 4 October 2016 (registratton number 10409374) in order to provide distinct legal entiry to carry out the activities of Bethany Christian Centre which since 1995 had been undertaken through a charitable trust. The company was registered with the Charity Commission on 18 January 2017. On 20 April 2017, the business of Bethany Christian C¢ntre charitable trust (charity number 1060438) aloTrg with various associated setS and liabilities were trdnsferred to the charitable ¢ompany. On the same day, the charitable company entered into a lease of the propety known as Bethany Chur¢h, Hetton Road, Houghton-le- Spring, DH5 8PF. the landlord for the purposes of the lease being the charitable company Bethany Christian Centre Prop¢ty T$t (company registration nutnber 10412204. ¢harity number 1171231). There are ourrently four members, each of whom agree to contribut¢ £1 in the event of the charitable company winding up. Appointment and retirement of directors Appointment of directors is governed by the existing directors of the charitable company. New directors must declare their belief in and allegiance to the Stat¢tnent of Beliefs s¢1 out in the Arti¢l¢s of Association. Directors are appoint¢d for a terni of three years, al the end of which they retire. Retiring directors are eligible for reappointment for two further terms, each of three years. Director induction and trailling Newly appointed directors will be from the existing leadership of the Chur¢h. New directors are furnished with a copy of the governing docum¢nts and a copy of the Charity Commission's guidance 'The Essential Trust¢¢.. What you n¢¢d to know., Organisation The directors meet r¢gularly to review the a¢tivities of the Church. The leadership of the Church (which include the directors) meet monthly and all meetings are minuted. Day to day activities are controlled by the Church administrator. Risk management The directors have identified risks and taken steps to mitigate th¢m= Risks to buildings and contents are insured. Publi¢ liability risks are insured. A safeguarding policy is in plac¢, including vetting procedures. The fire safety risk has been asSeed. Detection and fire fighting ¢quipment is maintained to current standards. An evacuation policy is in place with designated responsibilities. All those involved were offered training during th¢ period. A membcr of staff is charg¢d with health aiid safety and risk assessing. Page 2
BETHANY CHRISTIAN CENTRE (a company limited by guarantee without share capital) REPORT OF THE DIRECTORS (continued) Objectives and aetlvities The Church operates from premises at Hetton Road, Houghlon-le-spring, Tyne and Wear. Church membership is voluntary and fr¢¢. Th¢ aims of the charitabl¢ company Sel out in the objects clause of th¢ Articles of Association are'.- a) To advance the Chrislian Faith, in accordance with the Statement of Beli¢fs' b) Th¢ relief of persons who are in conditions of ne¢d, hardship or distress or who are aged or sicl. c) To promote and fulfil such other Charitable purtK)ses as the directors may from time to tim¢ think fit. These aims are pursucd in the Houghton-le-spring area and in such other parts of the United Kingdom or the Woild as the dire¢tots may from time lo time think fit. In setting our objectives and planning our activities, the directors have regard tt) the Charity Commission's public ben¢fit guidance when exercising any powers or duties to which the 8uidance is relevant. Achievements and performance Over the past 12 months. our Church has seen significant changes as we added many new members and ways to serve our existing members and those who attend r¢gularly. We b¢gan a new community gospel choir that travels arouiid the area to sing and bring hope lo various groups in care homcs, churches, and local events. In addition. we launched a Women's Ministry by hosting an evening in which 80 ladie5 showed up lo hear the vision for the coming year and recruit volunlecrs to help start new groups. We fomially joined the Fellowship of Independ¢nt Evangelical Churches (FIEC). It is a fellowship of independent ¢hurche5 Wlth members (about 650 churches) across England, S¢otland and Wales. The mission is to see church¢s working loget])er to reach Britain for Christ. We are keen to strengthen links with other churches who are lik¢-minded and with whom we ¢ould partner and support. During this past year, our Church supported a new staff role called Ministry Resid¢nt. Created as a one-year program, Ive provided intentional ministry training to help someon¢ discern whether or not to go into full time vocational ministry. The "r¢sidenl,' Matt, started in July and took lead¢rship of our Groups Ministy. Apart from the administrative duties of getting people conne¢t¢d to Home Groups and leading Group Leader5 Training Sessions, he has also led a Hope Explored Class in November. We started this evangelistic outreach right after the Houghion Feast which is a massive week-long event where we opened the church and gav¢ out free soup and bread to over 300 people durin8 & big fir¢works display. It Wa5 a great ¢hance to bless people and invite them along to the class. This year, our Family Ministry has seen 27 young people regularly attend our Sunday morning groups called Activ8 and Elevate. We run a Youth group on a Tuesday evening with 23 regular attenders. We have over 70 kids attend our church on a Sunday morning to sing songs, play games, learn a memory v¢rse, and then split off into three classes. We hav¢ 18 volunteers who work with our children in either a t¢a¢her or helper capacity. Each Wednesday morning, we run a Toddler group where we average 120 fatnilies each week. We have v&rious rooms set out with ag¢-appropriate toys as well as a craft room, story time room, train rootn, book library and main sports hall filled with ride-on toys and slides. W¢ hav¢ 20 volunteers that help out on a Wednesday. Page 3
BETHANY CHIUSTIAN CENTRE (a company limited by guarantee without share capital) REPORT OF THE DIRECTORS (con¢inued) Achievements and p¢rformance (conkinued) Our "Christians Against Poverty" (CAP) Ceiitre (Regist¢red Charity Number 1097217 and Company Registered Number 4655175) has seen I I clients become debt free during the past year. We delivered Christmas Hampers to 21 faTnilies, hosted a Christmas party for client families that tolall¢d 30 adults and children, and donated Easter Blessing bags to 14 families. In addition. our CAP Centre has been able to help fatnilies suff¢ring from the nation-wide cost of living crisis by providing 15 gas and electric top lips to those in need. Our food bank distributed 229 food parcels during the past 12 Thonths. We are again extremely grateful for th¢ support of the Church tnembership keeping our food bank topped up with items of food well as donations of cash to allow us to buy in Supplies. Other churches and s¢hools, such as Houghton Methodist Church, Carrville Methodist Church, Dubmire Primary School. individuals and local organisations have continued to support our food bank with food it¢ms or cash donations. Last year, as part of our Christmas outreach, we donated 90 hampers to needy families within local schools. Each hamper was put together by our Church staff and volunteers. During the Easter Holiday, we put on an Easter Club for the Years 2-6. Over th¢ course of 4 days, there w¢re 150 children and 45 volunteers participating in various games, skits, and group competitions. In the Summer Holidays, we provided a Sports Camp for local children. We offered & range of activities, including climbing walls, archery, football coaching, and axe throwing. We providcd healthy snacks and food throughout the day. In total over the 4 days, we had 60 children attend. We once again put on The Christmas Shop to help families who were struggling to purchas¢ toys for their kids at Christm. By working with lo¢al s¢hools and organisations, families were identified and invited to our church to choose from a seleetiotTr of new toys for their kids. Last year we were able to help 75 families, with a total of160 kids, in our community buy toys to give out on Christmas day. Additionallyy we gave out 35 food parcels to n¢¢dy families. We ¢ontinued to hear personal Stories of peopl¢ fl¢¢ing abuse, other who were siok and unable to work, and people who had hit hard limes because of the cost of living. We also led several lo1 schools RE Visits, the Gillas Lan¢ Primary School Lego Club {¢ight childreT]), and hosted tsvo local primary school nativity plays, our local Stroke Ass(Kialion and Motor Neuron Dis¢as¢ m¢¢tings. Financial review Members giving increascd this year from £258k last year to £274k. This has mainly been as a result of increased new church members and existing members who are regularly giving. There have been som¢ special collections which have b¢¢n d¢signaled for projects taking place during the year. We received £5.817 in donations towards our Christmas Shop enabling local famili¢s, who were identified by local schools and organisations, lo provide presents to their childrcn at Christmas, along with a food hatnper. Sccondly £1,269 was raised for our food bank to help fund Food Hampers to families in the area and CAP clients. We were also fortunate to receive support frotn Sunderland City Council for our Food Bank. We continue to set aside 2.20/0 of our income to maintain a fund for future repairs to the building. At the year end this amounted to £31,055. a signifieanl amount of this will be spent in the current financial y¢ar, principally on roof repairs. We will continu¢ to s¢t aside 2.2010 each year as Bethany Christian Centre Property Trust Limited has ¢eased ils undertaking to pay for all repair works. Page 4
BETIL4NY CHRISTIAN CENTRE (a company limited by guarantee without share capital) REPORT OF THE DIRECTORS {con¢inued) Financial review (conlinued) The loss for the year was not unexpected owing to very high inflationary pr¢5sures on expenditur¢, wages and also the effect these inflationary pr¢ssur¢5 Inay haye on members giving. This Coming year will continue to b¢ a ¢hall¢nge as inflation continues lo ris¢ pushing up costs, and cost of living pressures ar¢ being faced by our Chur¢h community resulting in a potential reduction in donations. Overall. the directors consider the deficit for the year as acceptable owing to the financial pressur¢s fa¢¢d. Investment and reserves policies Surplus funds are held in interest bearing accounts which allow quick access to the funds should the need arise. A r¢vi¢w of returns is periodically undertaken to ensure a competitive return and maximum security of our funds. The directors seek to maintain fre¢ r¢serYes at around £60,000 to provide working capital for the activities of the Chur¢h and also to provide cover for unforeseen changes in income. At the end of the y¢ar, free reserves were £103,622 (2023.. £107,285) Plans for future Momentum is returning to the Church. both in attendances and activities held within the building. The Church remains financially healthy with decent cash reserves which hop¢fully will help us weather d)e financial storn]s of this new financial year. How inflation will aflect members giving and the rising costs of utilities will need the trustees lo carefully monitor the situation. Statement of directors, responsibilities in relation to the financial statements The directors are responsible for preparing the directors, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Gen¢rally Accepted Accounting Practice). Company law requires the directors to pr¢pare financial statements for each financial y¢ar which give a true and fair vi¢w of the state of affairs of the charitable company and of the income and expenditur¢ of the charitable company for that period. In preparing these financial statements, the directors are required to.. select suitable accounting policies and then apply them consist¢nily- observe the methods and principles in the Charities SORP. make judgements and estimates that are reasonable and prudent,. and prepare the financial statements on the going concern b29is unless it is inappropriate to presum¢ that the haritable company will continue in business. The dir¢¢tors are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and ettablc 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 irr¢gularities. Page 5
BETHANY CHIUSTIAN CENTRE (a company limited by guarantee without share capital) REPORT OF THE DIRECTORS (continued This report has been prepared in accordance with the provisions applicable to companies subject to the small ¢oinpanies' regime. Approved by the directors OD 25 October 2024 and sigfted on their behalf by: D J Keitb Dire¢¢or Page 6
REPORT OF THE INDEPENDENT EXAMINER TO THE DIREcfoRS OF BETHANY CHRISTIAN CENTRE I report to the charity trustees on my examination of the accounts of the chariL2ble company for th¢ year ciidcd 31 March 2024, which are set out on pages 8 to 13. Responsibililies and busis ofreport As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for th¢ pr¢paration of the accounts in ac¢ordanc¢ with the requirements of the Companies Act 2006 ('the 2006 Act'}. Having satisfied myself that the accounts of the company ar¢ not required to be audited under Part 16 of the 2006 Act and are ¢ligible for independent examination, I report in respeci of my examination of your Cliarity's accounts as carried out under se¢tion 145 of th¢ Charities Act 2011 (the '2011 Acl'}. In carrying out my ¢xamination I have followed the Dir¢ctions given by the Charity Commission under s¢ction 145(5)(b) of the 2011 Act. lrtdependenl Lyttminer's report I confim) that l am qualified to undertake the examination be¢ause l am a tnember of the Instite of Chartered Accoutttants in England and Wales. I have completed my examination. I confirni that no matt¢rs have come to my attention in connection with the examination giving me cause to believe.. l) accounting records were not kept in respect of the company as required by s¢¢tion 386 of the 2006 Act. or 2) Ihe account5 do not accord with those a¢¢ounling rOrdS. or 3) the accounts do not comply with thc accounting requirements of section 396 of the 2006 A¢t other than any requirement that the ac¢ounts give a 'true and fair, view which is not a matter ¢onsid¢red as part of an independent examination. or 4) the accounts hav¢ not bcen prepared in accordance with the methods and principles of the Statement of Recomin¢nd¢d practice for accounting and reporting by Charities [applicable to charities preparing their a¢¢ouiits in accordance with the Finan¢ial Reporting Standard applicable in the UK and Republi¢ of Ireland (FRS 102)]. I have no concerns and have come across no other matters in ¢onn¢ction with the examination lo which attention should be drawn in this report in order to enable a proper und¢rstanding of the accounts to be reached. John Oswald BA FCA Stephenson Coates Audit Limited Chartered aecountan¢s West 2 Asama Court Newcastl¢ Business Park Newcastle upon Tyne NE4 7YD 25 October 2024 Page 7
BETIL4NY CItRISTIAN CENTRE (a cotnpany limited by guarantee without share capital) STATEMENT OF FINANCIAL ACTIVNIES for theyear ended31 March 2024 Unrestricted Restricted fund5 funds Total 2023 Total INCOME FROM Donatlons and legaeies: Church members Gift aid tax r¢coverable Grants 227,272 47,639 11,226 3,352 24,195 238,498 229,199 50,991 50,173 24,195 6,926 274.911 38,773 313,684 286,298 Charitable activities: Use of facilities donations Ministri¢s Insurance receipt Miscellaneous 680 12.348 680 17,308 1,864 13,459 13,693 483 4,960 487 487 13,515 4,960 18,475 29,499 Investment income: Inl¢r¢st receivable 984 Total 291,280 43,733 335,013 316,781 EXPENDITURE ON Charitable activities: Evangelism Gifts and missionary support Staff costs (note 2) Premises and office rosts Independent examiner's fee DepreciatioTr 33,698 4,998 154,032 94,586 1,798 30,012 3,930 8,522 63,710 8,928 162,554 94,586 1,798 37,521 18.876 l57.113 107,352 1,798 Total 295,278 42,464 337,742 330,523 Net (expenditure)lineome (3,998) 1,269 (2,729) (13,742) Funds brought fonvard 132347 134956 148 698 Funds carried forTYard £128,349 £3,878 £132,227 £134,956 Page 8
BETHA1 CHRISTIAN CENTRE (a company litnited by guarantee without share capital) BALANCE SHEET ¢yI 31 Marcli 2024 Jvole 2024 2023 FIXED ASSETS Tangibl¢ fixed assets 24,727 25,062 CURRENT ASSETS Sundry debtors Bank deposit account Bank current account Cash in hand 28,076 135,165 7,972 293 17,059 145,665 10,308 669 171.506 173,701 CREDITORS: amounts falling due within one year NET CURJiENT ASSETS 107,500 109,894 TOTAL ASSETS LESS CURRENT LL4BILITIES £132,227 £134,956 FUls Unrestricted funds Restri¢ted funds 128.349 3,878 132.347 2,609 £132,227 £134,956 In approving these financial statements (which include the notes on pages 9 to 12) as directors of lh¢ ¢haritabl¢ ¢ompany, we hereby confirni.. (a) that for the period stated abov¢ the charitable company was entitled to the exemption conferred by Section 477 of th¢ Companies Aci 2006. (b) that no notice has been deposited at th¢ registered office of the ¢haritable company pursuant to Section 476 requesting that an audit be conduct¢d for the year ended 31 March 2024 and (c) that we acknowledge our responsibilities for: ensuring that thc Cliaritable company keeps accounting records which cotnply with Se¢tion 386, and preparing financial statements which give a true and fair view of the state of affairs of thc charitable company as at the end of the financial period and of its profit or loss for the period then ended in accordance with the requirements of Sections 394 and 395 and which othenvis¢ Comply with the provisions of the Companies Act relating to financial statements, so far as applicable to the charitabl¢ company. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small entities regime of Financial Reporting Standard 102. These financial statements were approved by the dire¢1013 on 25 Oetober 2024 and are signed OD their behalf by: RARust Director Company registration number: 10409374 Page 9
BETHANY CHIUSTIAN CENTRE (a company limited by guarantee without share capitsl) NOTES TO THE FINANCIAL STATEMENTS for ilieyear ended3J MarLlI 2024 Accounting policies Basis of preparation of financial statements The financial statements of tlie charitable company have been prepared under the historical cosl convention and in accordance with the Sialement of Recommended Practice applicable to charities preparing their accounts in ac¢ordance with th¢ Financial Reporting Standard applicabl¢ in the UK and Republic of Ireland (FRS 102). the Companies Act 2006 and Unitsd Kingdom Generally Accepted Accounting Practice applicable to smaller entities. Th¢ charitable ¢otnpany is a public benefit entity as defined by FRSI 02. The financial accounts are prepared in Sterlin8 (£), which is th¢ functional currency of the ¢haritable company. Going concern The dire¢tors of the charitsble company are satisfied that there are no material uncertaintl¢s concerning the charitable company's ability to continue as a going conc¢m for a period of at least 12 months from Ihe date of approval of the financial statements. A¢¢ordingly. the financial staements continue to be prepared oil tl)e going concern basis. Fund aceounting Unrestricted funds are those available for use at the discretion of the directors iii furtheran¢¢ of the general objectives of the charity and which have not b¢¢n designated for other purposes. Restricted funds are those that are to b¢ used in accordance with the sp¢¢ific restrictions imposed by donors or which have been r&is¢d by the charity for particular purposes. Designated funds are eannarked by the directors for particular purtKJses. Income Givtplg - Collections are re¢ognised wh¢n received by or on behalf of the Church. Planned giving under Gift Aid is recognis¢d only when r¢¢¢ived. Income tax CoVer&bIe on Gift Aid donations is recognis¢d when the income is Tecognised. Grants and legacies are ac¢ounted for as soon as the Church is notified of its legal entitlement, the amount due is quantifiable and ils ultimate receipt by the Church is certain. Investpnep21 income- Interest entitlements are accounted for as they a¢¢rue. Expenditure Charitable activities objectives. The cost of charitable activities represents the cost of undertaking the charity's All expenditure is accounted for on an accruals basis. Liabilities are recognised as expenditure as soon as there is a l¢gal or constructive obligation committing the charity to that exp¢nditure, it is probable that a transfcr of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Valu¢ added tax is not recoverable by the charilable company and as such it is included in th¢ relevant costs in the Statement of Financial Activities. Tangible fixed assets Depreciation is provided on tangible fixed assets at rat¢s calculated to write off th¢ cost over their expected uscful economi¢ lives as follows.. Fixtures and fittings Equipment Cotnputer equipment 200/0 Straight line basis 200/0 Straight lin¢ basis 331/5Q/o Straight line basis Page 10
BETHANY CHRISTIAN CENTRE (a company limited by guar8ntee without share capital) NOTES TO THE FINANCIAL STATEMENrs for tlieyear ended 31 Mllrch 2024 (continued) AccountlDg policies fconlinued) Impairment of fixed assets Fixtures, fittings and equipment are reviewed for impairnient if events or changes in ¢ircutnstanc¢s indicate that the carrying amount of such assets may not be recoverable. If there is an indication of possible iinpainnent, th¢ recoverable amount of any affe¢ted asset is estimated and compared agaiiisl its Carrying amount. Where the estimated recov¢rable nOUnt is lower, an impairnient loss is recognised immediately in the Statement of Financial Activities. Debtor5 and creditors due within one year Debtors and creditors with no slated interesl rale and receivable or payable within one year are r¢corded at transaction price. Any losses from impairment are recognised in expenditure. Operating leases Rentals applicable to operating le2s¢s whcre substantially all the benefits and risks of ownership remain with the lessor are r¢flected in th¢ Statement of Financial Activities as incurred. 1.10 Pension eosts The charity operates d¢fined contribution pension schemes for its staff. The schemes and their assets are held by independent managers. The pension charge in the financial statem¢nls represents ¢ontribulions due from the charity for the pcriod. 1.11 Voluntary Assistance Time is expended on the charity's activities and governance which is donated free of charge. It is impractical to quantify the value of th¢ litne given, and accordingly it is neither recorded as donated income nor as an expense in the financial statements. Stsff costs No remuneration was paid to directors in the year, nor were any expenses reimbursed to them. For the purposes of FRS102, the directors ar¢ considered to be key management personnel. Staff costs in th¢ period comprised.. 2024 2023 Wages and salaries Social security costs Pensions contributions 141,380 8,234 135,531 8,677 12 162,541 157.113 The average monthly number of employ¢¢s during th¢ year was as follows.. Employees No employee received remuneration amoiinting to more than £60,000 in either peiiod. Pagell
BETHANY CHRISTIAN CENTRE (a company limited by guarantee without share capital) NOTES TO THE FINANCIAL STATEMENTS for theyettr enderf31 March 2024 (continued) Tangible fixed assets Fixtures & rittings Computer Equipment equipment Total Cost.. At l April 2023 Additions 12,487 2,520 52,792 3.312 12.322 77,601 5.832 At 31 March 2024 15,007 56,I04 12,322 83,433 Depreciation.. At l April 2023 Charge for year 9,245 834 34,060 5,079 9,234 254 52,539 6,167 At 31 March 2024 10,079 39,139 9,488 58,706 Net book amount-. At 31 March 2024 4,928 16,965 2,834 24.727 At 31 March 2023 3,242 18,732 3.088 25,062 All fix assets are used for charitable pUrpeS. Debtors 2024 2023 Due within one year.. Gift aid tax recoverable Interest receivable Prepayments Other debtors 15,835 487 10,551 8,874 448 6.646 28,076 17,059 Creditors: amounts falling due within one year 2024 2023 Other taxes and social security Sundry creditors and accru¢d ¢xp¢nditure Building mainienance provision Other creditors Dcferred income 3,081 19,547 31,055 9,398 925 3,079 17,697 26,937 6,260 9.834 64,006 63,807 Page 12
BETHANY CHIUSTIAN CEIYTRE {a company limited by gLiarante¢ without share capital) NOTES TO THE FINANCIAL STATEMENTS for tlieyear eftded31 March 2024 {conlinued) Related party dlselosures No person conn¢¢ted with the dir¢ctors has been paid or is payabl¢ remuneration or other benefits fro the funds of the ¢harity. Th¢ charity operates from premises owned by Bethany Christian C¢ntre Property Trust (company registration 10412204). undcr a 25 year lease at a peppercorn rent. Restricted funds Movement At31 March 2024 At l April 2023 Income Expenditure Mission gifts CAP gifts Sport5 week Toy shop Food bank grants and donations 3,930 8,522 17,361 6,140 -3,930 -8,522 -17,361 -6,140 2,609 7.780 -6.511 3,878 2,609 43,733 42,464 3,878 Movement At31 March 2023 At l April 2022 Income Expenditure Mission gifts CAP gifts Food bank grants and donations 10,043 9,766 -10,043 -9,766 1,138 7.968 -6,497 2,609 1,138 27,777 -26,306 2,609 Restricted funds are held as current assets. Page 13