New Connexions Free Church Trustees Report 1[st] July 2023 to 30[th] June 2024
Finances
The members plans for the distribution of the church funds are a) the building fund to be given to Sierra Leone for the building of churches there. The general fund to be distributed between the charities that are supported already by the church. These being Barnabas Aid, Christian Concern, Tearfund and London City Mission.
UPDATE – Closure of the church
The Over 60’s Fund £692.29 has been sent to support charity Ely Baby Bank in January. An amount owed of £37.50 was sent to Queen Adelaide Village Hall for facilities A further £53284.48 was sent to charities in October 2024 including 10% of the general fund to London City Mission, which will be in the final accounts for July 2024 to June 2025.
New Connexions Free Church Ely - Registered Charity Number 1175900 Statement of Financial Activities. 1st July 2023 - 30th June 2024
| Unrestricted | Restricted | Endowment | Total | Prior year | |||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | total funds | |||
| Income and endowments from: | |||||||
| Donations and legacies | — | — | — | 0 | 0 | ||
| Income from charitable activities | — | — | — | 0 | 6,851 | ||
| Other trading activities | — | — | — | — | — | ||
| Investments | — | — | — | — | — | ||
| Other income | — | 2 | — | 2 | 0 | ||
| Total income | — | 2 | — | 2 | 6,851 | ||
| Expenditure on: | |||||||
| Expenditure on charitable activities | 38 | 692 | — | 730 | 4,150 | ||
| Other expenditure | — | — | — | 0 | 125 | ||
| Total expenditure | 38 | 690 | — | 728 | 4,275 | ||
| Net income / (expenditure) resources before transfer | -38 | -690 | — | -728 | 2,576 | ||
| Transfers | |||||||
| Gross transfers between funds - in | — | — | — | — | 625 | ||
| Gross transfers between funds - out | — | — | — | — | -625 | ||
| Other recognised gains / losses | |||||||
| Gains / losses on investment assets | — | — | — | — | — | ||
| Gains on revaluation, fixed assets, charity's own use | — | — | — | — | — | ||
| Net movement in funds | -38 | -690 | — | -728 | 2,576 | ||
| Reconciliation of funds | |||||||
| Total funds brought forward | 39,518 | 14,904 | — | 54,423 | 51,847 | ||
| Total funds carried forward | 39,481 | 14,214 | — | 53,695 | 54,423 |
Notes
Restricted other income shows credits from HMRC for tax refunds or employers allowance. This information is retained in the accounts for payroll purposes.