Registered Charity Number 1173971
GATEWAY M40 TRUSTEES ANNUAL REPORT YEAR ENDED 31 DECEMBER 2022
Report of the trustees for the year ended 31st December 2022
year ended 31st December 2022.
policies set out in note 1 to the accounts and comply with the charity’s trust deed, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard Applicable in the UK and Republic of Ireland published (FRS 102) (eMective 1 January 2019).
Objectives and activities
History
Gateway Debt Advice began in May 2016 as a small project based at the Church of the Saviour, Collyhurst, North Manchester. It was to provide a locally known and safe place where people could receive debt advice to help them make a fresh start free of debt. In July 2017, Gateway Debt Advice was constituted as a CIO, Charitable Incorporated Organisation, under the name Gateway M40 – the local postcode designation. In June 2020, Gateway M40 moved its base of operations from Church of the Saviour, which could no longer accommodate the growing needs of the charity, to oMices in Wilsons Park, Monsall, still within the postcode area.
Objects
The purposes of Gateway M40 as set out in its constitution are:
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The prevention or relief of poverty in the Archdeaconry of Manchester by providing grants, items and services to individuals in need and other organisations working to prevent or relieve poverty.
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To advance the education of the public in the Archdeaconry of Manchester in money management, budgeting, growing and cooking food and computer skills to enable them to develop their capacity and skills in such a way that they are better able to identify, and help meet, their needs and to participate more fully in society.
Activities
The core activity of Gateway M40 is to oMer free client debt advice to help individuals to become free of debt. The advice oMered considers all options for debt resolution and how they might best serve each individual client. It is always the client's choice as to which option is taken. It is part of our service to help clients maximise their income and minimise their expenditure. This involves help with budget creation, benefit checks and signposting to other services that might help. We work with partners to deliver a food pantry service and manage a food and fuel poverty voucher scheme.
public benefit when reviewing the Charity’s aims and objectives, in planning future activities, and setting the policies for the year.
A review of our achievements and performance: How our activities delivered public benefit
were just some of the factors adding pressure to household incomes in 2022. The Joseph Rowntree Foundation reported that around 3.8 million people in 2022 were not able to meet their basic physical needs: to stay warm, dry, clean and fed. Food bank charities and debt advice charities were all reporting an increase in demand for their service. Certainly this was the case for Gateway M40.
In 2022 Gateway has helped 4,500 clients; of these 1800 clients needed debt and or benefit advice, 2,600 used our food pantry services, 200 were in receipt of fuel vouchers and we delivered nearly 200 Christmas sacks to families. In 2022 Gateway has managed almost £1.5 million of debt and has increased client income by £450,000. Gateway has also processed through Acts 435 £8,000 of small grants (approx. 160 x £200) directly to clients to purchase household items, child and baby clothing etc. Gateway also processed over 200 applications for fuel vouchers helping to distribute the equivalent of £10,000.
In 2022 as in all other years Debt Relief Orders account for the largest number of debt resolutions at 38; Gateway also processed 15 payment arrangements, 1Individual Voluntary Arrangement and 5 other resolutions.
We continue to work with a number of partner agencies including Home start, MCC Housing, Jigsaw, N.93, Social Services and probation. This means we can work wholistically with our clients engaging with diMerent needs. This has proved beneficial to our clients as increasingly they present with more complex needs which need to be met before we can appropriately tackle their existing debt and ensure that with an appropriate budget they can continue to live debt free.
Likewise we continue to maintain our outreach to make our services more accessible; these services are spread across North Manchester and include St Paul’s Blackley hub, N.93 mental health crisis drop in, Church of the Saviour, Newton Heath GP surgery.
This year Gateway has “dipped its toe” in to social media as we have noticed a trend in advertising debt services that are not free to client and other message that do not give full and accurate information. We do not advertise Gateways’ services directly but encourage people to search the Community Money Advice website for a free service near them. To date we have 250,000 TikTok hits and 19,000 on our website.
Financial review
Expenditure in 2022 was £176,188 and income totalled £217,981This in year surplus was anticipated in our budgets and forms part of planned expenditure in 2023. At the end of the year we hold £148,000 in our bank accounts. We thank all our funders for their support, notably in this year The National Lottery Community Fund, The Henry Smith Charity, and Tudor Trust.
By far our biggest expenditure is salary related costs this year totalling almost £120,000 followed by rent and utilities at £16,000. Toward the end of this year we reviewed our salary structures recognising that staM had gained higher qualifications and amassed more experience. We believe the salary structure to be industry standard .
Some £27,000 of expenditure represents grants directly to our clients through fund raising above that of planned budget. This careful use of our limited budget reflects Gateways intention to spend our financial resources in the way that best serves our clients. Without question it is the work of our staM, the face to face client work they do, and the administrative work required by the caseloads they carry that achieves the amazing results we do on behalf of our clients. The remaining expenditure is 8% of total budget and represent the sundry expense need to run the oMice and the work Gateway undertakes.
Investment powers and policy
The trustees, having regard to the liquidity requirements of operating the charity, have kept available funds in a savings account.
Reserves policy and going concern
The Charity's main source of income is grants. The Trustees consider that it is appropriate to prepare the accounts on a going concern basis and, consequently, the accounts do not include any adjustments that would be necessary if these sources of income should cease. The trustees aim to establish and maintain free reserves in unrestricted funds at a level which equates to approximately three months of unrestricted charitable expenditure.
The trustees consider that this level will provide suMicient funds to respond to applications for grants and ensure that support and governance costs are covered. The trustees consider that the charity is a going concern. Any reliance on grant funding is managed through a flexible approach to activities and project delivery.
Risk management
As the charity continues to establish itself the trustees will conduct a review of the major risks to which the charity may be exposed, and systems will be established to mitigate those risks.
Plans for Future Periods
As we move into 2023 we recognise that we need to begin fund raising for 2024 and onwards. This is always a diMicult time in the life of the charity and reflects the pressures we face being fully dependant on grant funding bodies. We have begun applications to the Henry Smith charity, and we are hopeful that now Gateway is well established with a proven track record we will enjoy some success. We will also speak with the National Lottery Community Fund to ask about the possibility of refunding the next three years.
clients and the demands of our budget. We will continue to invest in staM training and wellbeing. In particular use of the national CMA conference, social media training and training that will staM better identify client needs especially issues around mental health. Other concerns that training can help with is around gambling and what appears to be a rise in illegal money lending.
Structure, governance and management
Gateway M40 is a Charitable Incorporated Organisation governed by its constitution dated July 2017 amended November 2022 and registration as a Charitable Incorporated Organisation number 1173971 with the Charity Commission on 27th July 2017.
Appointment of trustees
As set out in the constitution trustees are appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees. Retiring trustees are eligible for reappointment unless they have served three terms of oMice in which case there must be an interval of at least 12 months before reappointment. The trustees administer the charity and meet every at least quarterly. An operational manager has been appointed by the trustees to manage the day-to-day operations of the charity.
Trustee induction and training
appointed. They are also given a copy of the constitution, information about staMing and the charity management, and are shown copies of policy documents.
Reference and administrative information
Charitable Incorporated Organisation Name: Gateway M40 Number: 1173971.
Date Registered: 27th July 2017
Trustees
Rev Christopher Fallone Chair Qutubuddin Chasma Edward Roberts Simon Fox
Operational Manager
Wendy Steele
Principal OKice
The Newton Suite Wilsons Park Building 2H Monsall Road Manchester M40 8WN
Independent Examiners (2022)
ROKNOD Accountants OMice No. 1 City View OMices 99 Long Street Manchester M24 6UN Bankers
CAF Bank 25 Kings Hill Avenue Kings Hill West Malling Kent. ME19 4JQ
GATEWAY M40
STATEMENT OF FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
Charity Registration Number 1173 971
INDEPENDENT EXAMINER'S REPORT TO GATEWAY M40
CHARITY REG. NO. 1173 971
I report on the accounts of the trust for the year ended 31 December 2022 which are set out on pages 1 and 2
Respective responsibilities of Trustees and examiner
As the Charity's trustees, you are responsible for the preparation of the accounts; you consider that the audit requirement of section 144 of the Charities 2011 act (the Act) does not apply.
It is my responsibility to:
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-examine the accounts (under section 145 of the Charities Act);
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-follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the Charities Act); and -state whether particular matters have come to our attention.
Basis of independent examiner's statement
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes a consideration of any unusual items or disclosures in the accounts ,and seeking explanations from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the accounts.
Independent examiner's statement
In connection my examination, no matter has come to my attention.
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1 which gives us reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with section 130 of the Charities Act; an
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-to prepare accounts which accords with the accounting records and comply
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with the accounting requirements of the Act have not been met;
2 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Geoffrey Kwakye- Donkor ( FCCA) ROKNOD Accountants Chartered Certified Accountants Office No.1 City View Offices 99 Long Street Manchester M24 6UN
GATEWAY M40 PROFIT AND LOSS ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022
| CHARITY NO. 1173 971 INCOMING RESOURCES (Note 3) Lottery Arms Trust Manchester City Council CSA Big Local NHS M/cr Active TII NHS Manchester Henry Smith CAF Bank National Lottery Peter Kershaw Tudor Trust Auriga Energy Scheme Interest Deposit into CAF Gold Account Reimbursement receipts Grant Donations CMA SIPP Creative Stream Refund Acts 435 Miscellaneous Receipts TOTAL INCOMING RESOURCES |
Restricted Unrestricted Income Endowment Total Total Funds Funds Funds 2022 2021 137,576 - - 137,576 105,080 - - - - 10,000 - - - - 6,163 10,000 - - 10,000 10,000 - - - - 8,000 - - - - 2,000 13,750 - - 13,750 - 10,500 - - 10,500 - - - - - 18,531 - - - - - - - - - 2,000 30,000 - - 30,000 2,000 2,940 - - 2,940 135,765 100 - - 100 - - - - - - - - - - - - - - - 250 - - - 125 1,385 - - 1,385 700 - - - - 256 - - - - 7 11,590 11,590 140 - - 140 1 217,981 - - 217,981 300,878 |
|---|---|
1
GATEWAY M40 PROFIT AND LOSS ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022
| CHARITY NO. 1173 971 RESOURCES EXPENDED (Notes 4-8) Net Salary HMRC & NI Pension Payments Account Fees Insurances Professional Affiliations Email & Website Telephony: Direct Voice and Data Mobile Phone Postage Stationery Consultancy Staff & Volunteer Travel and Training Grants BC Charity Development Rent and Utilities Business Rates DRO Payments Auriga - Energy Voucher Scheme TBBT Food Voucher Scheme TII Expenditure Depreciation of Fixed Assets Trivial Benefits Sundry NEST TOTAL RESOURCES EXPENDED Net incoming/(outgoing) resources before transfers Gross Transfers between funds Net movement in Funds before other recognised gains/(losses) NET MOVEMENT IN FUNDS TOTAL FUNDS BROUGHT FORWARD TOTAL FUNDS CARRIED FORWARD |
Restricted Unrestricted Income Endowmen Total Total Funds Funds Funds 2,022 2,021 90,306 - - 90,306 100,770 14,315 - - 14,315 23,566 6,134 - - 6,134 10,200 81 - - 81 96 767 - - 767 732 1,827 - - 1,827 1,465 2,573 - - 2,573 2,702 2,654 - - 2,654 3,185 240 - - 240 376 1,203 - - 1,203 875 310 - - 310 522 2,893 - - 2,893 - 1,091 - - 1,091 330 14,558 - - 14,558 250 - - - - 838 16,075 - - 16,075 12,889 1,069 - - 1,069 1,211 1,070 1,070 - - - - 114,908 8,551 - - 8,551 990 3,288 - - 3,288 3,865 1,842 - - 1,842 1,996 2,100 - - 2,100 - 1,646 - - 1,646 244 1,595 1,595 176,188 - - 176,188 282,011 41,793 - - 41,793 18,867 - 41,793 - - 41,793 18,867 41,793 - - 41,793 18,867 - 112,139 - - 112,139 93,272 153,931 - - 153,931 112,139 |
|---|---|
2
GATEWAY M40 BALANCE SHEET AS AT 31 DECEMBER 2022
| FIXED ASSETS TANGIBLE ASSETS Note 9 Note 10 TOTAL FIXED ASSETS CURRENT ASSETS Stock and Work in Progress Debtors and Prepayments Note 11 (Short term) investments Cash in Hand and at Bank TOTAL CURRENT ASSETS Creditors: amounts Note 12 falling due within one year Net Current Assets/(Liabilities) Total Assets Less Current Liabilities Creditors: amounts Note 12 falling due after one year Provisions for Liabilities and Charges NET ASSETS FUNDS OF THE CHARITY Unrestricted Funds Restricted Income Funds Note 13 Endowment Funds TOTAL FUNDS |
Restricted Unrestricted Income Total Total Funds Funds 2022 2021 7,367 - 7,367 7,983 - - - - 7,367 - 7,367 7,983 - - - - - - - - - - 148,159 148,159 104,155 148,159 - 148,159 104,155 1,595 1,595 - - 146,564 - 146,564 104,155 153,931 - 153,931 112,138 - - - - - - - 153,931 - 153,931 112,138 153,931 - 153,931 112,138 - - - - 153,931 - 153,931 112,138 |
|---|---|
Signature of Trustee(s) Christopher Fallone Name REV. CHRISTOPHER FALLONE (CHAIR PERSON) Date of Approval
28th June 2023
3
GATEWAY M40
NOTES TO THE ACCOUNTS
NOTE 1 BASIS OF PREPARATION
1.1 BASIS OF ACCOUNTING
These accounts have been prepared on the basis of historic cost (except that investments are shown at market value) in accordance with:
Accounting and Reporting by Charities- Statement of Recommended Practice (SORP 2011); and with Accounting Standards;
and with the Charities Act 145
1.2 CHANGE IN BASIS OF ACCOUNTING
The Charity's income passed the Receipts and Payments threshold this year, the charity therefore changed from Receipts and Payment accounts to Accrual Accounting
1.3 CHANGES TO PREVIOUS ACCOUNTS
There has been an adjustment to the previous year's account by eleminating Fixed Assets from the previous year's account.
1.4 MATERIAL DONATIONS
Material Donations include:
| National Lottery | 137,576 |
|---|---|
| Tudor Trust | 30,000 |
GATEWAY M40 NOTES TO THE ACCOUNTS
Note 2 ACCOUNTING POLICIES
This standard list of accounting policies has been applied by the charity.
INCOMING RESOURCES
Recognition of incoming resources
These are included in the Statement of Financial Activities (SOFA) when:
the Charity becomes entitled to the resources;
the trustees are virtually certain they will receive the resources; and the monetary value can be measured with sufficient reliability
Incoming Resources with Related Expenditure
Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resources and related expenditure are reported as gross in the SOFA
Grants and donations
Grants and donations are only included in the SOFA when the Charity has unconditional entitlement to the resources.
Tax reclaims on donations and gifts
Incoming resources from Tax reclaims are included in the SOFA at the same time as the gift to which they relate.
Contractual income and performance related grants
This is only included in the sofa once the related goods or services have been delivered
Gifts in kind
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised..
Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity.
Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivale.
Donated services and facilities
These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material.
The value placed on these resources is the estimated value to the charity of the service or facility received
Volunteer help
The value of any voluntary help received is not included in the accounts but is described in the trustees' annual report
Investment income
This is included in the accounts when receivable
Investment gains and losses
This includes any gain loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
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GATEWAY M40 NOTES TO THE ACCOUNTS
EXPENDITURE AND LIABILITIES
Liability recognition
Liabilities are recognised as soon as there is a legal construstive obligation committing the charity to pay out resources
Governance costs
Include costs of the preparation and examination of statutory accounts, the costs of trustee meetings and costs of any legal advice to trustees on governance or constitutional matters. They also include Premises costs, made up of Rent Lighting and Heating, Administrative costs including Telephone and internet, postage and stationery, as well as Travel and other Volunteers expenses
Grant with performance conditions
Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the receipient of the grant has provided the specific service or output.
Grants payable without performance condition
These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the charity.
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg alocating property costs by floor areas, or per capita,staff costs by the time spent and other costs by their usage.
ASSETS
Tangible fixed assets for use by the Charity
These are capitalised if they can be used for more than one year, and cost at least £300.They are valued at cost or a reasonable value on receipt.
Investments
Investments quoted on a recognised stock exchange are valued at market value at the yearend. Other investment assets are included at trustees' best estimate or market value.
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GATEWAY M40 NOTES TO THE ACCOUNTS
Note 3
| Analysis of incoming resources Analysis Lottery Arms Trust Manchester City Council CSA Big Local NHS M/cr Active TII NHS Manchester Henry Smith CAF Bank Peter Kershaw Tudor Trust Auriga Energy Scheme Interest Grant Donations CMA SIPP Creative Stream Refund Acts 435 Miscellaneous Receipts TOTAL INCOMING RESOURCES |
2022 2021 £ £ 137,576 105,080 - 10,000 - 6,163 10,000 10,000 - 8,000 - 2,000 13,750 - 10,500 - - 18,531 - 2,000 30,000 2,000 2,940 135,765 100 - - 250 - 125 1,385 700 - 256 - 7 11,590 - 140 1 217,981 300,878 |
|---|---|
7
GATEWAY M40 NOTES TO THE ACCOUNTS
Note 4
Analysis of Resources expended
Costs of generating voluntary income
| Charitable activities Analysis Net Salary HMRC & NI Pension Payments Account Fees Insurances Professional Affiliations Email & Website Telephony: Direct Voice and Data Mobile Phone Postage Stationery Consultancy Volunteer Training Bank Charges Grants BC Charity Development Sundry DRO Payments Auriga - Energy Voucher Scheme TBBT Food Voucher Scheme TII Expenditure Depreciation of Fixed Assets Trivial Benefits Total Sundry NEST Pension adjustment Premises Costs Rent and Utilities Business Rates Total GRAND TOTAL |
2022 2021 £ £ 90,306 100,770 14,315 23,566 6,134 10,200 81 96 767 732 1,827 1,465 2,573 2,702 2,654 3,185 240 376 1,203 875 310 522 2,893 1,091 330 - - 14,558 250 - 838 - 244 1,070 - 114,908 8,551 990 3,288 3,865 1,842 1,996 2,100 - 1,646 - 1,595 - 159,044 267,911 16,075 12,889 1,069 1,211 17,144 14,100 176,188 282,011 |
|---|---|
8
GATEWAY M40 NOTES TO THE ACCOUNTS
| Note 5 | ||||
|---|---|---|---|---|
| Support Costs | ||||
| _FundraisinCharitable _ | GovernancTotal Cost | |||
| activity activity |
activity | |||
| Support cost type | None None |
None | None None |
|
| Total | - - |
- | - - |
|
| Note 6 | DETAILS OF CERTAIN ITEMS OF EXPENDITURE | |||
| 6.1 Trustee expenses | ||||
| Number of trustees who were paid expenses | 2022 2021 None None |
|||
| Nature of expenses | N/A N/A |
|||
| Total amout paid | ||||
| 6.2 Fees for examination or | audit of the accounts | |||
| Independent examiner's or auditors' fees for | 2022 2021 - - |
|||
| reporting on the accounts | ||||
| Other fees (e.g. advise, consultancy, accountancy, | - - |
|||
| services) paid to the independent examiner or auditor. | ||||
| - - |
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GATEWAY M40
NOTES TO THE ACCOUNTS
| Note 7 Paid employees 7.1 Staff costs Net wages, salaries and benefits in kind Tax & National Insurance to HM Revenue & Customs Pension costs 7.2 Average number of full-time equivalent employees in the year Total Pession Scheme in operation. |
2022 2021 £ £ 90,306 100,770 14,315 23,566 6,134 10,200 2022 2021 Number Number 8 5 8 5 NEST PENSION NEST PENSION |
|---|---|
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GATEWAY M40
NOTES TO THE ACCOUNTS
Grantmaking
8.1 Total Value of grants Grants to Individuals Institutions Total £ NONE NONE Total -
8.2 Grantmaking costs
The Charity does not prepare accounts based on ''Activity Basis''
8.3 Material Grants to Institutions Total Grant Paid Names of Institutions Purpose £
Total -
11
GATEWAY M40 NOTES TO THE ACCOUNTS
Note 9 TANGIBLE FIXED ASSETS
9.1 cost or valuation
| Balance b/fwd Additions Disposals Transfers Balance c/fwd |
Freehold Other Plant Fixtures,Payments on Total Land & Land & Machinery & Fittings &account and Buildings Buildings otor Vehicles Equipments assets under construction £ £ £ £ £ £ - - - 9,979 - 9,979 - - - 2,536 - 2,536 - - - - - - - - - - - - - - - - - - - - - 12,515 - 12,515 |
|---|---|
9.2 Accumlated depreciation and impairment provisions
| Basis Rate Balance b/fwd Charge for the year Impairment provisions Revaluations Disposals Transfers Balance c/fwd 9.3 Net book value carried forward brought forward |
SL or RB SL or RB SL or RB SL or RB SL or RB 0% 0% 0% 0% 0% - - - 3,306 - 3,306 - - - 1,842 - 1,842 - - - - - - - - - - - - - - - - - - - - - - - - 5,148 - 5,148 - - - 7,367 - 7,367 - - - 7,983 - 7,983 |
|---|---|
9.4 Revaluation
The Charity has not revalue ant of her assets
Note 10 Investment Assets
-
-
12
GATEWAY M40 NOTES TO THE ACCOUNTS
| Note 11 Debtors and Prepayments Analysis of debtors Trade debtors Amounts due from subsidiary and associated undertakings Other debtors ( Gift Aid Receivable) Total Creditors and Accruals 12.1 Analysis of creditors Loans and overdrafts Amounts due to subsidiary and asscoiated Undertakings Other creditors (NEST Pension adjustment) Accurals and deferred income Total |
2022 £ - - - - - 2022 2021 £ 1,595 - - 1,595 - Amounts falling due within one year Amounts falling due within one year |
2021 £ - - - - - 2022 2021 £ - - - - - - Amounts falling due after more than one year Amounts falling due after more than one year |
|---|---|---|
12.2 Security Over Assets
13
GATEWAY M40 NOTES TO THE ACCOUNTS
Note 13
Endownment and Restricted income funds
13.1 funds held
please give a brief description of any of the following type of funds held by the charity:
Permanent endownment funds (PE) Expendable endownment funds (EE); and Restricted income funds, including special trusts, of the charity ®
Fund Name
Type PE, EE or R Purpose and Restrictions
R
13.2 Movement of major funds
----- Start of picture text -----
Fund balances Incoming Outgoing Transfers Gains and Fund balances
b/fwd resources resources losses C/fwd
£ £ £ £ £ £
- - - - - -
Total funds
13.3 Transfers between funds
From fund (name) To Fund (name) Reason Amount
£
-
-
----- End of picture text -----
14
GATEWAY M40 NOTES TO THE ACCOUNTS
Note 14 Transactions with Related Parties
14.1 Remuneration and benefits
| Name of trustee | Legal authority( eg order, | Amounts paid or benefit value | Amounts paid or benefit value |
|---|---|---|---|
| or connected party | governing document) | ||
| 2022 | 2021 | ||
| £ | £ | ||
| N/A | - | - |
| name of trustee | or | legal | authority | Amount owing | Amount owing |
|---|---|---|---|---|---|
| connected party | 2022 | 2021 | |||
| £ | £ | ||||
| due to trustees and | |||||
| related parties | NONE | NONE | NONE | NONE | |
| due from trustees and | |||||
| related parties | NONE | NONE | NONE | NONE |
14.3 Other transaction(s) with trustees or related parties
| Name of the trustee | Relationship to | Description of the | This year | This year | |
|---|---|---|---|---|---|
| or related party | Charity | transaction(s) | £ | £ |
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statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of aMairs of the charity and of the incoming resources and application of resources, of the charity for that period. In preparing the financial statements, the trustees are required to:
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Select suitable accounting principles and then apply them consistently;
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Observe the methods and principles in the applicable Charities SORP;
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Make judgments and estimates that are reasonable and prudent;
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State whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the financial statements;
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appropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provision of the Trust deed. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the trustees on 26[th] July 2024 and signed on their behalf by:
Rev Christopher Fallone
Chair