Registered Charity no.: **1182591**
## **NEW COVENANT CHURCH**
## Northampton
TRUSTEES REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
**30 June 2023**
## **JASH BURTON B'CHAUCER**
Chartered Certified Accountants & Tax Advisors Coleridge Road, Surrey, CR0 7BQ
Tel: **0208 611 2684** Web: **www.jashburton.com**
E1: info@jashburton.com E2: jashburtonb@gmail.com
**NEW COVENANT CHURCH Annual Trustees Report and Financial Statements**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Trustees**|Chibuzor Onwuaraghi|
|---|---|
||Remi Popoola|
||Oluwole Abe|
||Chris Okhueleigbe|
||Kudzaishe Shodunke|
|**Registered office:**|38-40 Kettering Road|
||Northampton|
||NN3 4AH|
|**Charity number:**|118591|
|**Accountants:**|Jash Burton B’Chaucer|
||Coleridge Road|
||Surrey|
||CR0 7BQ|
|**Bankers:**|CAF Bank Plc|
||Natwest Plc|
1
## **NEW COVENANT CHURCH NORTHAMPTON**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2023 Registered Charity Number 1182591**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a Declaration of Trust 2012.
## **Organisational structure**
The Trustees held 4 meetings in the year 2022 to promote the charity’s strategies and policies. Also, to review the implementation of the various programmes and projects geared towards achieving the charitable objectives, including ensuring activities (existing and new) are permitted within objects.
## **Risk management**
The Trustees continue to identify, review, and manage risks to which the Charity is exposed and to ensure appropriate controls particularly post the COVID-19 pandemic and to put in place reasonable assurance against errors. Board Resolutions were passed, and ongoing review of delegated authority and appropriate processes are in place e.g., for financial transactions, procurement, and contract services. The charity ensured that policies and procedures that enable the governance of its operations, staff, and volunteers are in place and relevant to existing statutes.
## **OBJECTIVES AND ACTIVITIES**
## **Constitution, Objectives and aims and Organisation of our Work**
The Objectives of the Church is set out in the Declaration of Trust
1) The advancement of Christian Faith in the United Kingdom.
2) Support for general education by supporting the enrichment of education, sponsorship, training, and charitable activities.
3) The relief of persons who are vulnerable and poor, including support and rehabilitation of those who are alcoholics, homeless and habitually indulging in substance misuse in the United Kingdom.
## **Principal activities**
The Principal Activities of the charity are Christian worship and involvement of various ministries and ministers of religion in propagating the Tenets of faith to members (and non-members) who seek to learn and develop an understanding of the Gospel through the various meetings provided by the Church. There is also an extension of the Christian Faith through other direct community outreach programmes provided by the churches.
2
## **NEW COVENANT CHURCH NORTHAMPTON**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2023 Registered Charity Number 1182591**
## **Charitable activities**
The Boards of Trustees are pleased to report as follows:
## **PUBLIC BENEFIT**
Below are the headings of the various projects the charity delivers in line with its charitable objectives:
1. Advancing the Christian Faith
2. Relief of Poverty and Hardships
3. Helping the Sick and Aged
4. Care and Counselling
5. Education and Training
6. Health and wellness
7. Others
## **1. Advancement of Christian Faith**
- Place of worship (Activities & When) - Bible Study – Every Wednesday 7:00pm – 8:30pm
- Sunday Service – Every Sunday – 10:00am – 11:30am
- Choir Ministry – Every Saturday – 4:00pm – 6:00pm
- Prayer Meeting – Every Friday – 9:00pm – 10:00pm
- Evangelism: Once a month – Northampton town centre
- Youth Ministry: Every Sunday – 10:00am – 11:30am
- Men and Women Ministry – Once every month
- Children’s Ministry – Every Sunday – 10:00am – 11:30am
## **2. RELIEF OF POVERTY AND HARDSHIP**
- Food Bank - Every Monday and Thursday in partnership with Shine Concepts CIC
- Welfare – Ad hoc giving to members to support them during hardship, bereavement, and othe
- Christmas gifts to all residents of the Women’s refuge in Northampton
- Christmas hampers to our immediate community and surroundings
## **3. HELPING THE SICK AND AGED**
- Ministry To the Elderly – Easter and Christmas ministration at Elderly home
## **4. CARE & COUNSELLING**
- Counselling Service – Every Sunday after Sunday Service as the need arises
- Ministry to Alcoholics & Drug Users – monthly street evangelism
## **5. EDUCATION & TRAINING**
- Musical instrument training on Every Saturday - Saturdays 3-4pm
3
## **NEW COVENANT CHURCH NORTHAMPTON**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2023 Registered Charity Number 1182591**
## **Public Benefit - continued**
## **6. HEALTH AND WELLNESS**
- Free gym session every Saturday – 10:30am – 5:00pm
- Health talk for once every month
- Guided gym sessions like aerobics and circuit
- Volunteer enrolment and training
## **7. OTHERS**
- Partnership with other organisations – Shine Concepts CIC
- Partnership with Northants for Jesus
4
## **NEW COVENANT CHURCH NORTHAMPTON**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2023 Registered Charity Number 1182591**
## **STATEMENT OF TRUSTEES RESPONSIBILITIES**
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and The New United Kingdom Generally Accepted Accounting
The Law applicable to charities in England and Wales 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 charity 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 charity and to enable them to ensure that the financial statements comply with all applicable Laws. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees have complied with the duty in section 17(5) of the 2011 Charities Act to have due regard to guidance published by the Charity Commission (i.e. public benefit statement).
In so far as the trustees are aware:
- there is no relevant information of which the charity's accountants are unaware;
- the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the Accountants are aware of that information.
## **FINANCIAL REVIEW**
The book values of the assets held at the year end are, in the opinion of the Board of Trustees, as stated in the financial statements. Also, in its opinion, adequate assets are available to fulfil the obligations of the charity.
A summary of the result of the New Covenant Church Northampton's activities during the period is given in the Statement of Financial Activities on page 9.
Total income of the charity amounted to £131,832 (2022: £74,108) including income from regular sunday tithes and offering of £102,886 (2022: £43,267).
5
## **NEW COVENANT CHURCH NORTHAMPTON**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2023 Registered Charity Number 1182591**
Total resources expended in the year include direct costs of £31,730 (2022: £6,674) primarily relating to the operational costs of running the charity, and financing costs of £10,442 (2022: £12,092). The governance costs were mainly made up of accountancy fees and legal and professional expenses. The governance costs are approved by the Trustees.
The total funds as at 30 June 2023 was £170908 majority of which related to unrestricted funds.
## RESERVE POLICY
The Charity maintains unrestricted funds, which are the free reserves of the charity, at a level that is at least twelve months of committed expenditure, excluding financing and other costs. Excess unrestricted funds, to the extent represented by liquid assets, will be used to meet recurrent operational costs, except where the Trustees consider that the funds should be retained for possible future projects.
## INVESTMENT POLICY
The Trustees have the power to invest in such assets as they deem fit. The charity's investment policy is appropriate to the nature of the funds for which the investment is held. The primary investment aim is to provide a high degree of security and liquidity and to maximise returns whilst adopting a conservative approach.
## GRANT-MAKING POLICY
The Charity does not provide grants and therefore do not have a policy on grant-making. The Trustees however, give gifts and donations as an effective means of delivering support and assistance to other programmes that fit within the objectives of the Charity.
## **INDEPENDENT EXAMINER**
A proposal that Jash Burton B'Chaucer be re-appointment as Independent Examiners of the charity will be put to the Board of Trustees at the forthcoming Annual General Meeting.
By Order of the Board of Trustees
## Chibuzor Onwuaraghi
## **Chibuzor Onwuaraghi**
## **Trustee**
_Date: 14th Day of April 2024_
6
## **NEW COVENANT CHURCH - BERMONDSEY**
## **INDEPENDENT EXAMINERS' REPORT FOR THE YEAR ENDED 30 JUNE 2023**
We have examined the financial statements on pages 9 to 15 for the period ended 30 June 2023, which comprise the statement of financial activities, the balance sheet and the related notes. These financial statements have been prepared under the historical cost convention and the accounting policies set out therein.
The report is made solely to the charity's trustees, as a body, in accordance with Section 44 of the Charities Act 1993. The Trustees of the charity are of a general opinion that audit is not required in accordance with Section 43(2) of the 1993 Act or Section 144 of the Charities Act 2011, and have opted for an independent examination instead.
## **Respective responsibilities of trustees and examiners**
The Trustees, who are also the directors, have responsibilities for preparing the Trustee's Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards. These are set out in the Statement of Trustees' Responsibilities in the Report of the Trustees.
Our responsibility as independent examiners of the charity are:
- examine the accounts under section 145 of the 2011 Charities Act,
- to follow the procedures laid down in the general Directions given by
- the Charity Commission (under section 145(5)(b) of the Charities Act, · and, to state whether particular matters have come to our attention.
We report to you whether the financial statements have properly been prepared in accordance with the Financial Reproting Standard (FRS) 102 (effective 1 January 2015) and in accordance with the Charities Act 2011.
We also report to you whether the information given in the Trustees' Report is consistent with the financial statements. We consider the implications of our report if we become aware of any apparent misstatements or material inconsistencies with the financial statements
In addition we report to you if the charity has not kept proper accounting records, if we have not received all the information and explanations we require for our work, or if information specified by law regarding trustees' remuneration and other transactions with the charity is not disclosed.
7
## **NEW COVENANT CHURCH - BERMONDSEY**
## **INDEPENDENT EXAMINERS' REPORT FOR THE YEAR ENDED 30 JUNE 2023**
## **Basis of opinion**
Our examination was carried out in accordance with the Genaral Directions provided by the Charity Commission. The examination includes a review of the books and documents other accounting records kept by the charity and comparing these with the accounts presented. Our examination also includes consideration of any unusual disclosures or items in the accounts, and seeking explanations from the Trustees. It is imperitive to state here that the procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair' view. Our report is therefore limited to the statements below:
## **Independednt examiners' statement**
In connection with our examination, we report that no matter has come to our attention, which which gives cause to believe that the following have not been met:
- Keeping proper accounting records in accordance with section 130 of the Charities Act; and
- Preparing accounts which accord with the underlying accounting records and which are in compliance with the Charities Act: and
- Consistency of the information contained in the Trustees Report with the financial statements.
## Jash Burton B'Chaucer
............................................................................... JOHN BOYE FCCA
Jash Burton B'Chaucer Chartered Certified Accountants Coleridge Road, Surrey CR0 7BQ
Date: 14th Day of April 2024
8
**NEW COVENANT CHURCH - Northampton**
## **STATEMENT OF FINANCIAL ACTIVITIES (SOFA) (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 JUNE 2023**
|**INCOMING RESOURCES**
**_Voluntary income_**
Donations, tithes and offerings
**_Other incoming resources_**
Gift aid receivable
Sundry income
Building fund and rental income
Bank interest
**Total incoming resources**
**RESOURCES EXPENDED**
_(Costs of activities in furtherance of the_
_objects of the charity)_
Direct Charitable activities
Management and Support activities
Governance costs
Finance costs
**Total resources expended**
**Net movement in funds for the period**
Total funds brought forward
**Total Funds as at 30 June 2023**|**Unrestricted**
**funds**
**£**
102,886
-
5,950
22,962
35|**Restricted**
**funds**
**£**
-
-
-
-
-|**2023**
**Total**
**£**
102,886
-
5,950
22,962
35|**2022**
**Total**
**£**
43,267
3,150
18,504
9,000
187|
|---|---|---|---|---|
||131,832|-|131,833|74,109|
||31,730
25,372
2,248
10,442|-
-
-
-|31,730
25,372
2,248
10,442|6,674
11,926
1,700
12,092|
||69,791|-|69,791|32,392|
||62,041
170,908|-
-|62,041
170,908|41,716
129,192|
||232,949|-|232,949|170,908|
All of the above results are derived from continuing activities. All gains and losses recognised in the period are included in the above.
9
## **NEW COVENANT CHURCH - Northampton**
## **BALANCE SHEET AS AT 30 JUNE 2023**
|**Unrestricted**
**£**
**FIXED ASSETS**
Tangible assets
304,075
**Current assets**
Debtors and prepayments
6,119
Cash at bank and in hand
76,291
82,409
**Creditors**: amounts falling due
within one year
19,894
**Net current assets**
62,515
**Total assets less current liabilitie**
**366,591**
**Creditors**: amounts falling due after
more than one year
(133,641)
**Net assets**
232,949
**Financed by:**
Funds
232,949
**Total funds**
232,949||**Restricted**
**£**
-
-
-
-
-
-
**-**
-
-
-
-||**2023**
**£**
304,075
6,119
76,291
82,409
19,894
62,515
**366,591**
(133,641)
232,949
232,949
232,949||**2022**
**£**
298,494|
|---|---|---|---|---|---|---|
|||||||3,150
40,094|
|||||||43,244|
|||||||26,576|
|||||||16,668|
|||||||**315,162**
(144,254)|
|||||||170,908|
|||||||170,908|
|||||||170,908|
The financial statements were approved by the Board of Trustees on 14/04/2024 and were signed on its behalf by:
Sign: Chibuzor Onwuaraghi **Chibuzor Onwuaraghi Trustee**
10
**NEW COVENANT CHURCH - Northampton**
## **INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 JUNE 2023**
|**INCOME**
**_Donations, tithes and offerings:_**
- Unrestricted
**_Other income_**
Interest receivable
Gift aid receivable
Rental income
Sundry income
Building fund
**EXPENDITURE**
**_Direct Charitable Costs:_**
Honorarium
Travelling expenses
Evangelism/outreach work
Welfare support
Training
Conferences and Meetings
Missions
TV, Airtime & publicity
Gift and donations
**_Management & Support_**
Insurance
Light and heat
Telephone
Depreciation - Freehold property
Depreciation - Fixture & Furnitures
Depreciation - Computer Equipment
Repairs and renewals
**_Governance costs:_**
Legal & Professional
Accountancy fees
**_Finance Costs:_**
Loan interest
**Surplus for the period**|**£**
**£**
102,886
35
-
8,040
5,950
14,922
28,946
131,832
600
2,498
3,464
8,358
4,137
5,580
1,365
728
5,000
31,730
2,636
8,050
590
6,000
656
4,702
2,738
25,372
748
1,500
2,248
10,442
10,442
69,791
62,041
**2023**|**£**
**£**
43,267
187
3,150
8,400
18,504
600
30,841
74,108
1,000
-
-
900
-
4,774
-
-
-
6,674
1,936
682
1,191
6,000
875
467
776
11,926
-
1,700
1,700
12,092
12,092
32,392
41,716
**2022**|**£**
**£**
43,267
187
3,150
8,400
18,504
600
30,841
74,108
1,000
-
-
900
-
4,774
-
-
-
6,674
1,936
682
1,191
6,000
875
467
776
11,926
-
1,700
1,700
12,092
12,092
32,392
41,716
**2022**|
|---|---|---|---|
||||74,108
32,392|
||||41,716|
15
**NEW COVENANT CHURCH - Northampton NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023**
## 1. **Principal accounting policies**
The following accounting policies have been applied in dealing with items which are considered material in relation to the charity's financial statements.
## **Basis of preparation**
The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice (SORP): Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and with the Charities Act 2011
## **Funds**
General funds are unrestricted funds available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
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 purpose.
## **Tangible fixed assets**
Tangible fixed assets are stated at their purchase or revalued amounts, together with any incidental cost of acquisition.
Depreciation is provided on all tangible fixed assets, from the dates they are brought into use, at rates calculated to write off the costs/valuation over their expected useful economic lives as follows:
|Land and building|2%|cost/valuation|
|---|---|---|
|Fixtures and fittings|25%|reducing balance|
|Computer and other equipment|20%|straight line|
## **Incoming resources**
Voluntary income, comprising donations in the form of regular offerings and tithes, provides core funding. This is recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.
The value of services provided by volunteers is not incorporated into these financial statements. Further details of the contributions made by volunteers can be found in the Trustees' Report.
11
**NEW COVENANT CHURCH - Northampton NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023**
## **Resources expended**
Direct costs comprise those costs incurred by the charity in the delivery of its activities. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Expenditure is recognised on an accruals basis as liability is incurred. Charitable and noncharitable expenditure is allocated to the respective activities and any shortfall is funded from unrestricted funds. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Costs of charitable activities are those costs relating to the activities carried out to meet the objectives of the Church. These include both directly attributable costs and apportioned support costs.
## **Governance costs**
Governance costs are the costs associated with the strategic direction of the organisation and with meeting the constitutional, legal and regulatory requirements of the charity.
2.
|**Voluntary income**
Tithes, offerings and donations
Gift Aid
Other Income
Mission contribution received||**2023**
**£**
102,886
8,040
5,950
14,922||**2022**
**£**
43,267
8,400
18,504
600|
|---|---|---|---|---|
|||131,798||70,771|
|3.
**Governance costs**
The governance costs of the charity consisted of the following:
Accountancy fees
Legal and professional||**2023**
**£**
1,500
-||**2022**
**£**
1,700
-|
|---|---|---|---|---|
|||1,500||1,700|
|4.
**Finance costs**
Bank charges
Mortgage interest||**2023**
**£**
-
10,442||**2022**
**£**
5,500
6,592|
|---|---|---|---|---|
|||10,442||12,092|
12
**NEW COVENANT CHURCH - Northampton**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023**
## 5. **Net incoming resources**
The net incoming resources are stated after charging the following costs:
|6.
7.
8.|Depreciation
Independent examiners' remuneration
**Tangible fixed assets**
_All assets are held for charitable purposes_
**Land &**
**Fixtures &**
**buildings**
**fittings**
**Cost**
**£**
**£**
Balances b/f
300,000
3,500
Additions
-
-
Balances c/f
300,000
3,500
**Accumulated**
**depreciation**
Balance b/f
-
-
Charge for the year
12,000
1,531
Balances c/f
12,000
1,531
**Net book value**
At 30/06/2023
288,000
1,969
**Debtors**
Other Debtors
**Creditors due within 1 year**
Accruals
Mortgage interest
Other creditors|Depreciation
Independent examiners' remuneration
**Tangible fixed assets**
_All assets are held for charitable purposes_
**Land &**
**Fixtures &**
**buildings**
**fittings**
**Cost**
**£**
**£**
Balances b/f
300,000
3,500
Additions
-
-
Balances c/f
300,000
3,500
**Accumulated**
**depreciation**
Balance b/f
-
-
Charge for the year
12,000
1,531
Balances c/f
12,000
1,531
**Net book value**
At 30/06/2023
288,000
1,969
**Debtors**
Other Debtors
**Creditors due within 1 year**
Accruals
Mortgage interest
Other creditors|Depreciation
Independent examiners' remuneration
**Tangible fixed assets**
_All assets are held for charitable purposes_
**Land &**
**Fixtures &**
**buildings**
**fittings**
**Cost**
**£**
**£**
Balances b/f
300,000
3,500
Additions
-
-
Balances c/f
300,000
3,500
**Accumulated**
**depreciation**
Balance b/f
-
-
Charge for the year
12,000
1,531
Balances c/f
12,000
1,531
**Net book value**
At 30/06/2023
288,000
1,969
**Debtors**
Other Debtors
**Creditors due within 1 year**
Accruals
Mortgage interest
Other creditors|Depreciation
Independent examiners' remuneration
**Tangible fixed assets**
_All assets are held for charitable purposes_
**Land &**
**Fixtures &**
**buildings**
**fittings**
**Cost**
**£**
**£**
Balances b/f
300,000
3,500
Additions
-
-
Balances c/f
300,000
3,500
**Accumulated**
**depreciation**
Balance b/f
-
-
Charge for the year
12,000
1,531
Balances c/f
12,000
1,531
**Net book value**
At 30/06/2023
288,000
1,969
**Debtors**
Other Debtors
**Creditors due within 1 year**
Accruals
Mortgage interest
Other creditors|Depreciation
Independent examiners' remuneration
**Tangible fixed assets**
_All assets are held for charitable purposes_
**Land &**
**Fixtures &**
**buildings**
**fittings**
**Cost**
**£**
**£**
Balances b/f
300,000
3,500
Additions
-
-
Balances c/f
300,000
3,500
**Accumulated**
**depreciation**
Balance b/f
-
-
Charge for the year
12,000
1,531
Balances c/f
12,000
1,531
**Net book value**
At 30/06/2023
288,000
1,969
**Debtors**
Other Debtors
**Creditors due within 1 year**
Accruals
Mortgage interest
Other creditors||**Computer**
**equipment**
**£**
2,336
16,940||**2023**
**£**
11,358
1,500||**2022**
**£**
7,342
1,700|
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||**2023**
**Total**
**£**
305,836
16,940||**2022**
**Total**
**£**
300,000
5,836|
|||||||||||||
|||300,000|||3,500||19,276||322,776||305,836|
|||-
12,000|||-
1,531||-
5,169||-
18,701||-
7,342|
|||12,000|||1,531||5,169||18,701||7,342|
|||288,000|||1,969||14,107||304,075||298,494|
||||||||||**2023**
**£**
6,119||**2022**
**£**
3,150|
||||||||||6,119||3,150|
||||||||||**2023**
**£**
1,500
18,394
-||**2022**
**£**
1,700
20,544
4,332|
||||||||||19,894||26,576|
13
**NEW COVENANT CHURCH**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023**
## 9. **Creditors due after 1 year**
|Loans and overdraft|**2023**
**£**
133,641|**2022**
**£**
144,254|
|---|---|---|
## 10. **Taxation**
The church is a registered charity and is not liable to corporation tax on its charitable activities. Gift aid donations for which declarations have been recieved from the respective donors confirming that the given donation be treated as Gift Aid donation are reclaimed by the church ("the Charity").
## 11. **Reconciliation of funds**
|Unrestricted funds
Restricted funds
**Represented by:**
Fixed Assets
Current Assets
Liabilities||Balances at
01/07/2022
£
170,908
-||Movement in Resources|Movement in Resources|Movement in Resources||Balances at
30/06/2023
£
232,949
-|Balances at
30/06/2023
£
232,949
-||Balances at
30/06/2022
£
170,908
-|Balances at
30/06/2022
£
170,908
-|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||Incoming
£
131,832
-||Outgoing
£
(69,791)
-|||||||
||||||||||||||
|||170,908||131,832||(69,791)|||232,949|||170,908|
||||||||||**2023**
**£**
304,075
82,409
(153,535)||**2022**
**£**
298,494
43,244.11
(170,830)||
||||||||||232,949||170,908||
## 12. **Related party transactions**
Other than donations and funds received there were no transactions with related parties during the period.
14