**REGISTERED CHARITY NUMBER: 1182820**
## Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2023
for
## SURBITON NEW LIFE BAPTIST CHURCH
Ark Accountancy Chartered Certified Accountant 31 Cheam Road Epsom Surrey KT17 1QX
SURBITON NEW LIFE BAPTIST CHURCH
## Contents of the Financial Statements for the Year Ended 31 March 2023
|||Page||
|---|---|---|---|
|Report of the Trustees|1|to|5|
|Independent Examiner's Report||6||
|Statement of Financial Activities||7||
|Balance Sheet||8||
|Notes to the Financial Statements|9|to|14|
|Detailed Statement of Financial Activities|15|to|16|
SURBITON NEW LIFE BAPTIST CHURCH
for the Year Ended 31 March 2023
## Report of the Trustees
Surbiton New Life Baptist Church operated as an unregistered charity until 4.4.19, governed by the rules of the London Baptist Association. It was registered as a CIO (charitable incorporated organisation) from 5.4.19. The charity reference is 1182820.
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The purpose of Surbiton New Life Baptist Church CIO is the advancement of the Christian faith in accordance to the principles of the Baptist denomination. In addition, Surbiton New Life Baptist Church advances education and carries out other charitable purposes in the United Kingdom and/or other parts of the world. The CIO was set up with the intention to transfer off all of the activities, assets, and liabilities of the existing unincorporated Surbiton New Life Baptist Church to Surbiton New Life Baptist Church CIO.
Page 1
SURBITON NEW LIFE BAPTIST CHURCH
for the Year Ended 31 March 2023
## Report of the Trustees
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
The year 2023 was a year dedicated to deepening our connection with the Lord through intentional love (Matthew 22:37-40). It has been a remarkable year of growth, faith, and community at Surbiton New Life Baptist Church.
As part of our commitment to love the Lord intentionally, we expanded our community outreach programs by starting Tots and Carers (after the long break during the lockdown), which has seen new and familiar families attending. The Well has served several homeless individuals this year, providing not only nourishment for the body but also spiritual nourishment through prayer and encouragement through the sharing of the Word of God. Additionally, some church members have been volunteering their time and resources to assist those facing hardships in our community through pastoral care and evangelism. This has exemplified the love of the Lord in tangible ways.
## **Mission/Evangelism**
We continue to support the BMS with the missionary work they do within the UK and overseas. We raise money to support their efforts during our annual harvest and we take part in the birthday scheme as well as the postage stamps collection, which was recently stopped. We also continue to support the youth mission in Romania where Iulian has been doing a great missionary work with the young ones and these missions have been transformative for both missionaries and those who are witnessed to.
## **Prayer**
John Wesley once said, 'God does nothing except in answer to believing prayer'. Scripture in James 5:16 tells us in the NKJB "the effective and fervent prayer of a righteous man avails much."
SNLBC currently has three regular prayer meetings comprising Bethel Encounter, which is held at Langley Road between 10.30 and midday every Wednesday morning. Starting with scriptures and our prayers cover various topics including those in need within the fellowship but also for national and international situations during these troubled days. People who come to pray vary each week but there are usually between 4 to 8 people.
Two prayer meetings, which began in the Covid lockdown still take place on Wednesday and Friday evening from 7pm to 8pm on Zoom. Regular people attend these online gatherings and are now very small in number. However, they are often powerful times, and we see many answered prayer.
Prayer is a regular part of church services on Sunday morning. A small group of people pray before the service for a short time at the front of the church for the service and for those leading and preaching. Prior to Covid lockdown this time of prayer always took place in the garden room again with regular attenders. Prayer before church can be difficult as the church is often noisy with things happening as people take their seats and greet friends. Not very conducive to prayer.
## **Bible Studies**
Our daily Bible studies, weekly prayer gatherings (and on zoom) coupled with the Home Groups, where members come together to deepen their relationship with God through prayer, reflection, and scripture study has helped foster a sense of spiritual intimacy and unity among our church family.
## **Music Team**
The music team will be led by Julian Orton and is preparing to begin rehearsals and again lead workshop service shortly.
## **Youth/ Children**
Our youth ministry 316 and Junior Church have thrived this year. We introduced a study on "Living for Jesus" at the beginning of the year that has helped the young ones to learn how to live holy and righteous lives for the Lord in accordance with scriptures. We have seen the young ones invite their classmates and friends to join our meetings.
Page 2
SURBITON NEW LIFE BAPTIST CHURCH
## Report of the Trustees
## for the Year Ended 31 March 2023
Moreover, through engaging activities and discussions, these young ones have learned the importance of cultivating an intentional love for the Lord from a young age.
The Lighthouse programme was discontinued as our Young Adults group (20 to 40 year olds) started and some have come together to pray and go out for evangelism in the community. Arrangements have been made for regular meetings, where various activities will be held, including Bible studies, talks, movies, outreach, and away days/weekends.
## **Men's Meeting and bible study groups**
The men of the church have met regularly at Langley Road to study the bible. There are approximately six regular attendees to this Saturday morning meeting. Moreover, our weekly Bible studies and Home Groups have allowed our members to dive deeper into their faith and develop a more profound love for the Lord and His Word.
## **Balaclava Road**
The premises has been used regularly by hirers since the end of the lockdown. Regular hires have continued. Evergreen Church also meets at Balaclava Road on a Sunday.
The Well was once again active and has received good volunteer support.
## **Pastoral Care**
Home Group Bible studies are a great way of both growing spiritually and fostering Christian community. At present there are two mixed adult home groups in the church, both held fortnightly. The meetings are centred on Bible study, but we also pray for one another and for others, and we enjoy our fellowship very much.
We have studied several of the Psalms, together with related events in the life of Jesus, looked at length on the life of Peter and what he learned throughout his time as a disciple of Jesus, and now we are going through the Acts of the We have also studied Great Prayers of the Bible.
## **Security**
Security of both Balaclava and Langley Road premises remained under contract with Chubb with major incidents recorded.
## **MANSE**
The pastor and his family continued to enjoy the manse during the financial year, with no major issues or concerns reported.
## **FINANCIAL REVIEW**
## **Reserves policy**
It is the opinion of the Charity Trustees that there are sufficient reserves to maintain on-going operations. The trustees have complied with the duty in sections 17(5) of the 2011 Charity Act to have due regard to public benefit guidance published by the Charity Commission.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The church is controlled by its governing document, a constitution, and constitutes a charitable incorporated organisation, company number CE017081, a charity registered as a body corporate under part 11 of the Charities Act 2011. It is also governed by the rules of the London Baptist Association
Page 3
SURBITON NEW LIFE BAPTIST CHURCH
for the Year Ended 31 March 2023
## Report of the Trustees
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure**
The pastor and deacons of the Church are the Charity Trustees and are responsible for the governance of the Church and the fulfilment of the purposes through its activities acting according to the will of God as discerned by the Church Members' meetings. The Church's organizational structure and the procedure for the appointment of the leadership are specified in the Church constitution. This constitution was approved by the Church meeting and can only be altered by a resolution of a Special Church Members' Meeting.
## **Wider network**
Surbiton New Life Baptist Church is part of the wider network of Baptist Churches in the UK.
## **Risk management**
The Charity Trustees are aware of the need to examine the major financial, strategic, and operational risks faced by the Church. We confirm that systems have been established so that necessary steps can be taken to manage and mitigate those risks..
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Charity number**
1182820
## **Principal address**
6 Langley Road Surbiton Surrey KT6 6QJ
## **Trustees**
Mrs A Miller Church Secretary (resigned 31.7.22) N Jones Retired (resigned 31.7.22) D Hankin Retired (resigned 15.6.22) Dr J Orton General Practitioner (appointed 31.7.22) Mrs C Stevenson Retired (resigned 31.7.22) J Waters Retired Rev R Asante Pastor Mrs D C Townsley Trustee J Oosthuizen (appointed 31.7.22) Ms V Bagley (appointed 31.7.22)
## **Independent Examiner**
Mary E Ryan Ark Accountancy Chartered Certified Accountant 31 Cheam Road Epsom Surrey KT17 1QX
## **Solicitors**
Anthony Collins 134 Edmund Street Birmingham B3 2ES
Page 4
SURBITON NEW LIFE BAPTIST CHURCH
for the Year Ended 31 March 2023
## Report of the Trustees
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Minister**
Rev Richard Asante
**Secretary** John Waters
Approved by order of the board of trustees on 28 January 2024 and signed on its behalf by:
Rev R Asante - Trustee
Page 5
Independent Examiner's Report to the Trustees of SURBITON NEW LIFE BAPTIST CHURCH
## **Independent examiner's report to the trustees of SURBITON NEW LIFE BAPTIST CHURCH**
I report to the charity trustees on my examination of the accounts of SURBITON NEW LIFE BAPTIST CHURCH (the Trust) for the year ended 31 March 2023.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Mary E Ryan
Ark Accountancy Chartered Certified Accountant 31 Cheam Road Epsom Surrey KT17 1QX
29 January 2024
Page 6
SURBITON NEW LIFE BAPTIST CHURCH
## Statement of Financial Activities
## for the Year Ended 31 March 2023
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Investment income
2
**Total**
**EXPENDITURE ON**
**Charitable activities**
Property - Langley Road
Property- Balaclava Road
Property - Northcote Avenue
Ministerial
Mission/The Well
Fellowship Fund
Support costs
**Total**
**NET INCOME**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
funds
£
56,445
60,405
116,850
16,932
16,357
4,807
16,300
11,003
-
16,863
82,262
34,588
2,680,217
2,714,805|Restricted
fund
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-|31.3.23
Total
funds
£
56,445
60,405
116,850
16,932
16,357
4,807
16,300
11,003
-
16,863
82,262
34,588
2,680,217
2,714,805|31.3.22
Total
funds
£
57,495
45,315|
|---|---|---|---|---|
|||||102,810|
|||||19,855
12,680
10,873
16,827
1,532
555
38,392|
|||||100,714|
|||||2,096
2,678,121|
|||||2,680,217|
The notes form part of these financial statements
Page 7
SURBITON NEW LIFE BAPTIST CHURCH
## Balance Sheet
## 31 March 2023
|Notes
**FIXED ASSETS**
Tangible assets
6
Investment property
7
**CURRENT ASSETS**
Debtors
8
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
9
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
11
Unrestricted funds
**TOTAL FUNDS**|Unrestricted
funds
£
3,115
2,700,000
2,703,115
14,177
20,413
34,590
(22,900)
11,690
2,714,805
2,714,805|Restricted
fund
£
-
-
-
-
-
-
-
-
-
-|31.3.23
Total
funds
£
3,115
2,700,000
2,703,115
14,177
20,413
34,590
(22,900)
11,690
2,714,805
2,714,805
2,714,805
2,714,805|31.3.22
Total
funds
£
2,036
2,700,000
2,702,036
4,815
35,926
40,741
(62,560)
(21,819)
2,680,217
2,680,217
2,680,217
2,680,217|
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 28 January 2024 and were signed on its behalf by:
R Asante - Trustee
The notes form part of these financial statements
Page 8
SURBITON NEW LIFE BAPTIST CHURCH
Notes to the Financial Statements for the Year Ended 31 March 2023
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention.
## **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.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost Fixtures and fittings - 50% on cost and 20% on cost
## **Investment property**
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **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.
continued...
Page 9
SURBITON NEW LIFE BAPTIST CHURCH
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
## **2. INVESTMENT INCOME**
|Rents received
Deposit account interest
**3.**
**TRUSTEES' REMUNERATION AND BENEFITS**
Trustees' salaries
Trustees' pension contributions to money purchase schemes
**Trustees' expenses**
One trustee was reimbursed expenses of £132 in the year (2022 £225)
**4.**
**STAFF COSTS**
The average monthly number of employees during the year was as follows:
Minister
Cleaner
No employees received emoluments in excess of £60,000.
**5.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
funds
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
57,495
Investment income
45,315
**Total**
102,810
**EXPENDITURE ON**
**Charitable activities**
Property - Langley Road
19,855
Property- Balaclava Road
12,680
Property - Northcote Avenue
10,873
Ministerial
16,827
Mission/The Well
1,532
Fellowship Fund
555
Support costs
38,392
**Total**
100,714||31.3.23
£
60,405
-
60,405
31.3.23
£
31,343
1,258
32,601
31.3.23
1
-
1
Restricted
fund
£
-
-
-
-
-
-
-
-
-
-
-||31.3.22
£
45,310
5
45,315
31.3.22
£
25,230
6,739
31,969
31.3.22
1
1
2
Total
funds
£
57,495
45,315|
|---|---|---|---|---|
|||||102,810|
|||||19,855
12,680
10,873
16,827
1,532
555
38,392|
|||||100,714|
continued...
Page 10
SURBITON NEW LIFE BAPTIST CHURCH
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
## **5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
|**NET INCOME**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**6.**
**TANGIBLE FIXED ASSETS**
**COST**
At 1 April 2022
Additions
At 31 March 2023
**DEPRECIATION**
At 1 April 2022
Charge for year
At 31 March 2023
**NET BOOK VALUE**
At 31 March 2023
At 31 March 2022
**7.**
**INVESTMENT PROPERTY**
**FAIR VALUE**
At 1 April 2022
and 31 March 2023
**NET BOOK VALUE**
At 31 March 2023
At 31 March 2022
Fair value at 31 March 2023 is represented by:
Valuation in 2023|Unrestricted
funds
£
2,096
2,678,121
2,680,217
Plant and
machinery
£
7,511
1,063
8,574
5,475
2,130
7,605
969
2,036|Restricted
fund
£
-
-
-
Fixtures
and
fittings
£
6,322
2,412
8,734
6,322
266
6,588
2,146
-||Total
funds
£|
|---|---|---|---|---|
|||||2,096
2,678,121|
|||||2,680,217|
|||||Totals
£
13,833
3,475
17,308
11,797
2,396
14,193
3,115
2,036
£
2,700,000
2,700,000
2,700,000
£
2,700,000|
||||||
||||||
||||||
continued...
Page 11
SURBITON NEW LIFE BAPTIST CHURCH
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
|**8.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
Other debtors
Prepayments
**9.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Bank loans and overdrafts (see note 10)
Trade creditors
Other creditors
**10.**
**LOANS**
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank overdrafts
Bank loans
**11.**
**MOVEMENT IN FUNDS**
Net
movement
At 1.4.22
in funds
£
£
**Unrestricted funds**
General fund
(40,578)
(9,952)
Property - Langley Road
940,288
43,168
Property - Balaclava Road
1,008,951
33,210
Property - Northcote Avenue
768,801
(4,535)
Ministerial
-
(16,300)
Mission/The Well
-
(11,003)
Tots & Carers
2,609
-
Fellowship Fund
146
-
2,680,217
34,588
**TOTAL FUNDS**
2,680,217
34,588|31.3.23
£
6,667
7,297
213
14,177
31.3.23
£
22,000
-
900
22,900
31.3.23
£
-
22,000
22,000
Transfers
between
funds
£
58,455
(32,085)
(61,652)
10,734
16,300
11,003
(2,609)
(146)
-
-|31.3.22
£
3,570
385
860
4,815
31.3.22
£
59,482
2,178
900
62,560
31.3.22
£
26,482
33,000
59,482
At
31.3.23
£
7,925
951,371
980,509
775,000
-
-
-
-|
|---|---|---|
|||2,714,805|
|||2,714,805|
continued...
Page 12
SURBITON NEW LIFE BAPTIST CHURCH
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
## **11. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
Property - Langley Road
Property - Balaclava Road
Property - Northcote Avenue
Ministerial
Mission/The Well
**TOTAL FUNDS**|Incoming
resources
£
6,911
60,100
49,567
272
-
-
116,850
116,850|Resources
Movement
expended
in funds
£
£
(16,863)
(9,952)
(16,932)
43,168
(16,357)
33,210
(4,807)
(4,535)
(16,300)
(16,300)
(11,003)
(11,003)
(82,262)
34,588
(82,262)
34,588|
|---|---|---|
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
Property - Langley Road
Property - Balaclava Road
Property - Northcote Avenue
Ministerial
Mission/The Well
Tots & Carers
Fellowship Fund
**TOTAL FUNDS**|At 1.4.21
£
(33,892)
952,708
976,321
779,674
-
-
2,609
701
2,678,121
2,678,121|Net
movement
in funds
£
11,673
(12,420)
32,630
(10,873)
(16,827)
(1,532)
-
(555)
2,096
2,096|Transfers
between
funds
£
(18,359)
-
-
-
16,827
1,532
-
-
-
-|At
31.3.22
£
(40,578)
940,288
1,008,951
768,801
-
-
2,609
146
2,680,217
2,680,217|
|---|---|---|---|---|
continued...
Page 13
SURBITON NEW LIFE BAPTIST CHURCH
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
## **11. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
Property - Langley Road
Property - Balaclava Road
Property - Northcote Avenue
Ministerial
Mission/The Well
Fellowship Fund
**TOTAL FUNDS**|Incoming
resources
£
50,065
7,435
45,310
-
-
-
-
102,810
102,810|Resources
Movement
expended
in funds
£
£
(38,392)
11,673
(19,855)
(12,420)
(12,680)
32,630
(10,873)
(10,873)
(16,827)
(16,827)
(1,532)
(1,532)
(555)
(555)
(100,714)
2,096
(100,714)
2,096|
|---|---|---|
## **12. RELATED PARTY DISCLOSURES**
Remuneration of £31,343 was paid to one trustee in the year (2022 £25,230).
Donations totalling £11,154 were received from 5 trustees in the year
Page 14
SURBITON NEW LIFE BAPTIST CHURCH
Detailed Statement of Financial Activities for the Year Ended 31 March 2023
|Detailed Statement of Financial Activities
for the Year Ended 31 March 2023|||
|---|---|---|
||31.3.23|31.3.22|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Gifts & collections|10,767|9,794|
|Donations|12,224|11,874|
|Gift aided donations & refunds|33,454|35,327|
|Grants|-|500|
||56,445|57,495|
|**Investment income**|||
|Rents received|60,405|45,310|
|Deposit account interest|-|5|
||60,405|45,315|
|**Total incoming resources**|116,850|102,810|
|**EXPENDITURE**|||
|**Charitable activities**|||
|Trustees' salaries|15,671|12,615|
|Trustees' pension contributions|629|3,399|
|Pulpit expenses|388|425|
|Travel & subsistence|-|104|
|Outreach Facilitation|3,360|-|
|Premises expenses|1,568|15,225|
|Youth facilitation|-|900|
|Grants to institutions|6,688|1,300|
|Grants to individuals|955|867|
||29,259|34,835|
|**Support costs**|||
|**Management**|||
|Trustees' salaries|15,672|12,615|
|Trustees' pension contributions|629|3,340|
|Wages|-|6,619|
|Pensions|-|577|
|Rates and water|2,746|1,482|
|Insurance|4,887|4,521|
|Light and heat|6,111|8,614|
|Telephone|2,755|2,649|
|Postage and stationery|79|249|
|Sundries|570|-|
|Repairs & renewals|3,249|12,279|
|Cleaning|7,497|6,637|
|Motor, travel & subsistence|1,984|546|
|Carried forward|46,179|60,128|
This page does not form part of the statutory financial statements
Page 15
SURBITON NEW LIFE BAPTIST CHURCH
Detailed Statement of Financial Activities for the Year Ended 31 March 2023
|Detailed Statement of Financial Activities
for the Year Ended 31 March 2023|||
|---|---|---|
||31.3.23|31.3.22|
||£|£|
|**Management**|||
|Brought forward|46,179|60,128|
|Books & subscriptions|2,324|1,455|
|Computer costs|234|689|
|Training|1,345|-|
|Advertising|-|599|
|Professional fees|-|654|
|Plant & machinery depreciation|2,131|1,878|
|Fixtures & fittings deprec'n|266|-|
||52,479|65,403|
|**Finance**|||
|Bank charges|-|(744)|
|**Governance costs**|||
|Accountancy fees|640|620|
|Bookkeeping fees|(116)|600|
||524|1,220|
|Total resources expended|82,262|100,714|
|**Net income**|34,588|2,096|
This page does not form part of the statutory financial statements
Page 16