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2023-12-31-accounts

TREM Heritage Hub

Report and Accounts

31 December 2023

Company Registration Number - 9653361

The Charity Registration Number - 1185136

TREM Heritage Hub

Report and accounts for the year ended 31 December 2023

Contents

Page
Charity information 1
Trustees' annual report 2-4
Statement of directors' responsibilities 5-6
Independent accountant's report 7-8
Funds statements:-
Statement of financial activities 9
Movements in funds 10
Income and expenditure account 10
Balance sheet 11
Notes to the accounts 12-17

TREM Heritage Hub

Company Registration Number - 9653361

Trustees' annual report for the year ended 31 December 2023

The trustees present their report and accounts for the year ended 31 December 2023

Reference and administrative details

The charity name is TREM Heritage Hub

The legal name of the charity is:- TREM Heritage Hub.

The charity is also known by its operating name, Trem Heritage Hub.

The charity's areas operation and UK charitable registration.

The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 1185136.

.

The charity does not operate in any overseas jurisdictions.

Legal structure of the charity

The charity is constituted as a company limited by guarantee, registered under the Companies Act . The governing document of the charity is the Memorandum and Articles of Association establishing the company under company legislation. The governing document is dated 23 June 2018 There are no restrictions in the governing documents on the operation of the charity or on its investment powers other than those imposed by charity law.

By operation of law all, trustees are directors under the Companies Act 2006 and all directors are trustees under Charities legislation and have responsibilities, as such, under both company and charity legislation.

The trustees are all individuals and listed below:

James Ayoade Adesoji Onadayo Buluro Pastor Onyekachi Ikenna Chidiebere Asugha Abiodun Adesanya

The principal operating address, telephone number, email and web addresses of the charity are:-

96 Romford Road London E15 4EG Telephone: 02082813000 Email Address: info@tremhub.org Web address: www.tremhub.org

The registered office of the charity for Companies Act purposes is the same as the operating address shown above.

1

TREM Heritage Hub

Company Registration Number - 9653361

Trustees' annual report for the year ended 31 December 2023

The Trustees in office on the date the report was approved were:-

The trustees are all individuals and listed below:

James Ayoade Adesoji Onadayo Buluro Pastor Onyekachi Ikenna Chidiebere Asugha Abiodun Adesanya

The following persons served as Trustees during the year ended 31 December 2023 :-

The trustees who served as a trustee in the reporting period were as shown above.

Objects and activities of the charity

The purposes of the charity as set out in its governing document.

To advance the Christian religion and to pursue other charitable purposes as the trustees shall from time to time think fit.

The main activities undertaken in relation to those purposes during the year.

Advanced the Christian religion and pursued other charitable purposes as the trustees deemed it fit.

The main activities undertaken during the year to further the charity's purpose for the public benefit.

The trustees have complied with the duty in Section 4 of the Charities Act 2006 and paid due regard to public benefit when preparing this report. The benefit provided to the public is consistent with the aims of the charity in United Kingdom.

The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity.

The charity's strategies for achieving its aims and objectives in the future.

The charity aims at continuing its charity activities in effectively spreading the ethos, love and hope that Christian faith offers. It also aims at building upon its efforts of community involvement, in its bid to make our community and the larger world a better place for all.

The contribution of volunteers during the year.

The church is grateful for the commitment and efforts of its volunteers who are involved in services provision. During the year under review, the church had volunteers committed to working in various departments within the church. The church continues to dispense the service of heads of departments and ministers to ensure that the best value is derived fom the sterling efforts of the volunteers.

2

TREM Heritage Hub

Company Registration Number - 9653361

Trustees' annual report for the year ended 31 December 2023

Structure, governance and management of the charity

The methods used to recruit and appoint new charity trustees.

The management of the church is the responsibility of the trustees and these trustees are elected.

To enhance the potential pool of trustees, the charity has, through selective advertising and networking with voluntary organisations active in the sector, sought to idemnify those who would be willing to become members of the charity and use their own experience to assist the charity.

New trustees may be appointed by resolution of a meeting of the trustees.

Bankers Barclays Bank UK Plc
1 Churchill Place
London
E14 5HP
Accountants Crownwise Consult Ltd
Chartered Certified Accountants
1A Town Square
Erith
London
DA8 1RE

Financial review

The charity's financial position at the end of the year ended 31 December 2023

The financial position of the charity at 31 December 2023 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-

Total Funds
Net income
Unrestricted Revenue Funds available for
the general purposes of the charity		 2023
£
5,217
11,470
11,470		 2022
£
-
6,253
6,253

Financial review of the position at the reporting date, 31 December 2023 .

£63,918 was received in 2023, no income was recieved in the year 2022. The value of TREM Heritage Hub's net assets as at 31 December 2023 is £11,470 (£6,253 in 2022).

3

TREM Heritage Hub

Company Registration Number - 9653361

Trustees' annual report for the year ended 31 December 2023

Policies on reserves.

Restricted funds are to be used for specific purposes as specified within the objects of the charity.�Expenditure which meets these criteria, will be identified to the fund, together with a fair allocation of management and support costs.

Unrestricted funds: Unrestricted funds are donations and other incomes received or generated for the objects of the charity without further specified purpose and are available for general funds.

Details of The Independent Examiner

Mr Adeniyi Zaccheus Chartered Certified Accountant 1A Town Square Erith London DA8 1 RE

4

Company Registration Number - 9653361

TREM Heritage Hub

Trustees' annual report for the year ended 31 December 2023

Statement of the Directors Trustees' Responsibilities

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Companies Act 2006, the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), .

In particular, the Companies Act 2006 and charity law require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to :-

The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.

The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. 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 are also responsible for the contents of the Trustees' report, and the statutory responsibility of the Independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that , on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.

5

TREM Heritage Hub

Company Registration Number - 9653361

Trustees' annual report for the year ended 31 December 2023

Method of preparation of accounts - Small company provisions

The financial statements are set out on pages 9 to 17.

The financial statements have been prepared implementing the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), and in accordance with the Financial Reporting Standard 102,

( ff i 1 J 2016) These financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.

This report was approved by the board of trustees on 9 September 2024.

Deacon James Ayoade Director and Trustee

6

TREM Heritage Hub

Report of the Independent Examiner to the Trustees of the charitable company on the accounts for the year ended 31 December 2023

I report to the Trustees on my examination of the financial statements of the charitable company on pages 9 to 17 for the year ended 31 December 2023 which have been prepared in accordance with the Charities Act 2011 (the Act) and with the Financial Reporting Standard 102, (effective 1st January 2016) as modified by FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , and under the historical cost convention and the accounting policies set out on page 12.

Respective responsibilities of the Trustees and the Independent Examiner and the basis of the report

As described on page 5, you, the charitable company's Trustees, who are also the Directors of the Company for the purposes of Company law, are responsible for the preparation of the financial statements in accordance with the Companies Act 2006, the Charities Act 2011 and all other applicable law and with United Kingdom Generally Accepted Accounting Practice, applicable to smaller entities, and for being satisfied that the financial statements give a true and fair view.

Having satisfied myself that the financial statements are not required to be audited under any legal provision, or otherwise, and are eligible for independent examination, it is my responsibility to:-

Basis of Independent Examiner's Statement and scope of work undertaken

I report in respect of my examination of the charity's financial statements carried out under s145 of the Act. In carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act setting out the duties of an independent examiner in relation to the conducting of an independent examination. An independent examination includes a review of the accounting records kept by the charitable company and of the accounting systems employed by the charitable company and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you, as Trustees, concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of charity legislation and that, on a test basis of evidence relevant to the amounts and disclosures made, the financial statements comply with the SORP.

The procedures undertaken do not provide all the evidence that would be required in an audit, and information supplied by the Trustees in the course of the examination is not subjected to audit tests or enquiries and does not cover all the matters that an auditor would consider in arriving at an opinion. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide

Consequently, I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below.

I planned and performed my examination so as to satisfy myself that the objectives of the independent examination are achieved and before finalising the report I obtained written assurances from the Trustees of all material matters.

7

TREM Heritage Hub

Independent Examiner's Statement, Report and Opinion

Attention is drawn to the accounting policy stating that, notwithstanding the explicit requirement in the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, and in order to accord with current best practice, the Trustees have determined to prepare the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), . I concur with this approach, and any references in my report to the regulations should be read subject to this comment.

Subject to the limitations upon the scope of my work as detailed above, I have completed my examination: and can confirm that:-

The accounts of this charitable company are not required to be audited under Part 16 of the Companies Act 2006;

This is a report in respect of an examination carried out under 145 of the Act and in accordance with Directions given by the Charity Commission under section 145(5)(b) of the Act which may be applicable;

and that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:-

accounting records were not kept in respect of the charity as required by Section 386 of the Companies Act 2006 and Section 130 of The Charities Act 2011;

the financial statements do not accord with those records; or

the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in section 396 of the Companies Act 2006 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;

have not been prepared in accordance with the methods and principles set out in the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP).

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 financial statements to be reached.

Adeniyi Zaccheus - Independent Examiner Chartered Certified Accountants

Crownwise Consult Limited 1A Town Square Erith London DA8 1RE

This report was signed on 9 September 2024

8

TREM Heritage Hub - Statement of Financial Activities for the year ended 31 December 2023

Statement of Financial Activities (including the Income and Expenditure Account for the year ended 31 December 2023, as required by the Companies Act 2006)

Current year
Notes
Unrestricted
Funds
2023
£
Income
Donations & Legacies
14
63,918
Expenditure on:
Charitable activities
17
58,701
Total expenditure
58,701
Net income for the year
5,217
5,217
Reconciliation of funds:-
Total funds brought forward
6,253
Total funds carried forward
11,470
Net movement in funds		 Current year
Restricted
Funds
2023
£
-
-
-
-
-
-
-		 Current year
Total Funds
2023
£
63,918
58,701
58,701
5,217
5,217
6,253
11,470		 Prior Year
Total
Funds
2022
£
-
-
-
-
-
6,253
6,253

The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet. A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.

All activities derive from continuing operations

The notes attached on pages 12 to 17 form an integral part of these accounts.

9

TREM Heritage Hub - Statement of Financial Activities for the year ended 31 December 2023

TREM Heritage Hub - Resources applied in the year ended 31 December 2023 towards fixed assets for Charity use:-

Funds generated in the year as detailed in the SOFA
Resources applied on functional fixed assets
Net resources available to fund charitable activities		 2023
£
5,217
(674)
4,543		 2022
£
-
-
-

Movements in revenue and capital funds for the year ended 31 December 2023

Revenue accumulated funds

Unrestricted
Funds
2023
£
Accumulated funds brought forward
6,253
5,217
11,470
Closing revenue funds
11,470
Summary of funds
Unrestricted
and
Designated funds
2023
£
11,470
Total funds
11,470
Revenue accumulated funds
Recognised gains and losses before
transfers		 Restricted
Funds
2023
£
-
-
-
-
Restricted
Funds
2023
£
-
-		 Total
Last year
Funds
Total Funds
2023
2022
£
£
6,253
6,253
5,217
-
11,470
6,253
11,470
6,253
Total
Last Year
Funds
Total Funds
2023
2022
£
£
11,470
6,253
11,470
6,253		 Total
Last year
Funds
Total Funds
2023
2022
£
£
6,253
6,253
5,217
-
11,470
6,253
11,470
6,253
Total
Last Year
Funds
Total Funds
2023
2022
£
£
11,470
6,253
11,470
6,253
6,253

Income and Expenditure Account for the year ended 31 December 2023 as required by the Companies Act 2006

Income
Income from operations
Expenditure
Charitable expenditure, excluding depreciation and amortisation
Depreciation and amortisation
Total expenditure in the year
Retained surplus for the financial year		 2023
£
63,305
58,566
135
58,701
5,217		 2022
£
-
-
-
-
-

All activities derive from continuing operations

In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities.

The notes attached on pages 12 to 17 form an integral part of these accounts.

10

TREM Heritage Hub - Balance Sheet as at 31 December 2023

Notes 2023 2022
£ £
Fixed assets
Tangible assets 6 539 -
Total fixed assets 539 -
Current assets
Debtors 7 52,645 52,645
Cash at bank and in hand 5,118 40
Total current assets 57,763 52,685
Creditors: amounts falling due
within one year 8 (46,832) (46,432)
Net current assets 10,931 6,253
The total net assets of the charity 11,470 6,253
The total net assets of the charity are funded by the funds of the charity, as follows:-
Restricted funds - -
Unrestricted Revenue Funds 11 11,470 6,253
11,470 6,253
Total charity funds 11,470 6,253

The 'SORP Ref' indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA..

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The charity is subject to Independent Examination under charity legislation, and the report of the Independent Examiner is on page 8.

The financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.

Deacon James Ayoade Trustee

Approved by the board of trustees on 9 September 2024

The notes attached on pages 12 to 17 form an integral part of these accounts.

11

TREM Heritage Hub

Notes to the Accounts for the year ended 31 December 2023

1 Accounting policies

Policies relating to the production of the accounts.

Basis of preparation and accounting convention

The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , effective January 2016, , and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.

Risks and future assumptions

The charity is a public benefit entity.

Policies relating to categories of income and income recognition.

Nature of income

Gross income represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Categories of Income

Income is categorised as income from exchange transactions (contract income) and income from nonexchange transactions (gifts), investment income and other income.

Income from exchange transactions is received by the charity for goods or services supplied under contract or where entitlement is subject to fulfilling performance related conditions. The income the charity receives is approximately equal in value to the goods or services supplied by the charity to the purchaser.

Income from a non-exchange transaction is where the charity receives value from the donor without providing equal value in exchange, and includes donations of money, goods and services freely given without giving equal value in exchange.

Income recognition

Income, whether from exchange or non exchange transactions, is recognised in the statement of financial activities (SOFA) on a receivable basis, when a transaction or other event results in an increase in the charity’s assets or a reduction in its liabilities and only when the charity has legal entitlement, the income is probable and can be measured reliably.

Income subject to terms and conditions which must be met before the charity is entitled to the resources is not recognised until the conditions have been met.

All income is accounted for gross, before deducting any related fees or costs.

Policies relating to expenditure on goods and services provided to the charity.

Recognition of liabilities and expenditure

A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated..

12

TREM Heritage Hub

Notes to the Accounts for the year ended 31 December 2023

Liabilities arising from future funding commitments and constructive obligations, including performance related grants, where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates.

Volunteers

In accordance with the SORP, and in recognition of the difficulties in placing a monetary value on the contribution from volunteers, the contribution of volunteers is not included within the income of the charity. However, the trustees value the significant contribution made to the activities of the charity by unpaid volunteers and this is described more fully in Note4.

Policies relating to assets, liabilities and provisions and other matters.

Tangible fixed assets

Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described above. Cost value includes all costs expended in bringing the asset into its intended working condition.

Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over their estimated useful lives.

Freehold premises 2 % straight line Motor vehicles 25 % straight line Furniture & Fittings 25 % straight line

Debtors

Debtors are measured at their recoverable amounts at the balance sheet date.

Creditors and provisions

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Financial instruments including cash and bank balances

Cash held by the charity is included at the amount actually held and counted at the year end. Bank balances, whether in credit or overdrawn, are shown at the amounts properly reconciled to the bank statements.

Fund Accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the church and which have not been designated for other purposes

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the church for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

There are no endowment funds.

2 Liability to taxation

The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities.

13

TREM Heritage Hub

Notes to the Accounts for the year ended 31 December 2023

3 Winding up or dissolution of the charity

If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.

4 The contribution of volunteers

The charity depends on the support of its volunteers, which is much appreciated.

5 Staff costs and emoluments Salary costs

Gross Salaries excluding trustees and key management personnel

Total salaries, wages and related costs

2023
£
8,128
2022
£
-
8,128 -

6 Tangible fixed assets

Current Year
Cost
At 1 January 2023
Additions
At 31 December 2023
Depreciation
At 1 January 2023
Charge for the year
At 31 December 2023
Net book value
At 31 December 2023
At 31 December 2022
7 Debtors
Other debtors
8
Creditors: amounts falling due within one year
Other creditors
9
Income and Expenditure account summary
At 1 January 2023
Surplus after tax for the year
At 31 December 2023		 Land and
Buildings
£
-
-
Furniture &
Fittings
£
-
674		 Motor
Vehicles
£
-
-
Total
£
-
674
- 674 - 674
-
-		 -
135		 -
-		 -
135
- 135 - 135
- 539 - 539
- - - -
2023
£
52,645		 2022
£
52,645
2023
£
46,832		 2022
£
46,432
2023
£
6,253
5,217		 2022
£
6,253
-
11,470 6,253

14

TREM Heritage Hub

Notes to the Accounts for the year ended 31 December 2023

10 Particulars of how particular funds are represented by assets and liabilities
At 31 December 2023
Unrestricted Designated
Restricted
funds
funds
funds
£
£
£
Tangible Fixed Assets
539
-
-
Current Assets
57,763
-
Current Liabilities
(46,832)
-
-
11,470
-
-
At 1 January 2023
Unrestricted Designated
Restricted
funds
funds
funds
£
£
£
Current Assets
52,685
-
-
Current Liabilities
(46,432)
-
-
6,253
-
-
11 Change in total funds over the year as shown in Note 10 , analysed by individual funds
Funds
brought
forward from
2022
Movement in
funds in
2023
See Note 12
£
£
£
Unrestricted and designated funds:-
Unrestricted Revenue Funds
6,253
5,217
-
Total unrestricted and designated funds
6,253
5,217
-
Total charity funds
6,253
5,217
-
12 Analysis of movements in funds over the year as shown in Note 11
Other
Income Expenditure
Gains &
Losses
2023
2023
2023
£
£
£
Unrestricted and designated funds:-
Unrestricted Revenue Funds
63,918
(58,701)
-
63,918
(58,701)
-
Transfers
between
funds in
2023		 10 Particulars of how particular funds are represented by assets and liabilities
At 31 December 2023
Unrestricted Designated
Restricted
funds
funds
funds
£
£
£
Tangible Fixed Assets
539
-
-
Current Assets
57,763
-
Current Liabilities
(46,832)
-
-
11,470
-
-
At 1 January 2023
Unrestricted Designated
Restricted
funds
funds
funds
£
£
£
Current Assets
52,685
-
-
Current Liabilities
(46,432)
-
-
6,253
-
-
11 Change in total funds over the year as shown in Note 10 , analysed by individual funds
Funds
brought
forward from
2022
Movement in
funds in
2023
See Note 12
£
£
£
Unrestricted and designated funds:-
Unrestricted Revenue Funds
6,253
5,217
-
Total unrestricted and designated funds
6,253
5,217
-
Total charity funds
6,253
5,217
-
12 Analysis of movements in funds over the year as shown in Note 11
Other
Income Expenditure
Gains &
Losses
2023
2023
2023
£
£
£
Unrestricted and designated funds:-
Unrestricted Revenue Funds
63,918
(58,701)
-
63,918
(58,701)
-
Transfers
between
funds in
2023		 10 Particulars of how particular funds are represented by assets and liabilities
At 31 December 2023
Unrestricted Designated
Restricted
funds
funds
funds
£
£
£
Tangible Fixed Assets
539
-
-
Current Assets
57,763
-
Current Liabilities
(46,832)
-
-
11,470
-
-
At 1 January 2023
Unrestricted Designated
Restricted
funds
funds
funds
£
£
£
Current Assets
52,685
-
-
Current Liabilities
(46,432)
-
-
6,253
-
-
11 Change in total funds over the year as shown in Note 10 , analysed by individual funds
Funds
brought
forward from
2022
Movement in
funds in
2023
See Note 12
£
£
£
Unrestricted and designated funds:-
Unrestricted Revenue Funds
6,253
5,217
-
Total unrestricted and designated funds
6,253
5,217
-
Total charity funds
6,253
5,217
-
12 Analysis of movements in funds over the year as shown in Note 11
Other
Income Expenditure
Gains &
Losses
2023
2023
2023
£
£
£
Unrestricted and designated funds:-
Unrestricted Revenue Funds
63,918
(58,701)
-
63,918
(58,701)
-
Transfers
between
funds in
2023		 Restricted
funds
£
-
-
-		 Total
Funds
£
539
57,763
(46,832)
11,470 - - 11,470
Unrestricted
funds
£
52,685
(46,432)		 Designated
funds
£
-
-		 Restricted
funds
£
-
-		 Total
Funds
£
52,685
(46,432)
6,253 - - 6,253
Funds
carried
forward to
2024
£
11,470
6,253 5,217 - 11,470
6,253 5,217 - 11,470
Other
Gains &
Losses
2023
£
-		 Movement
in funds
2023
£
5,217
63,918 (58,701) - 5,217

13 The purposes for which the funds as

Unrestricted and designated funds:-

Unrestricted Revenue Funds

These funds are held for the meeting the objectives of the charity, and to provide reserves for future activities, and , subject to charity legislation, are free from all restrictions on their use.

Restricted funds:-

Restricted Fixed Asset Funds

The purpose of these funds is described under the accounting policy 'Accounting for capital grants and fixed asset funds'.

15

TREM Heritage Hub

Detailed analysis of income and expenditure for the year ended 31 December 2023 as required by the SORP 2015

This analysis is classsified by conventional nominal descriptions and not by activity.

14 Donations, grants and legacies

Current year
Unrestricted
Funds
2023
£
63,305
613
63,918
Expenditure on charitable activities - Direct spending
Current year
Current year
Unrestricted
Funds
2023
£
8,128
6,177
1,917
505
22,458
545
800
Total direct spending
40,530
Refunds from HMRC on gift aided donations
Donations and gifts from individuals
Total donations and gifts
from individuals
Gross wages and salaries -
charitable activities
Welfare
Honorarium
Food Bank
Musician
Mission
Travel and Subsistence -
Charitable Activities		 Current year
Unrestricted
Funds
2023
£
63,305
613		 Current year
Restricted
Funds
2023
£
-
-
-
Current year
Restricted
Funds
2023
£
-
-
-
-
-
-
-
-		 Current year
Total
Funds
2023
£
63,305
613
63,918
Current year
Total
Funds
2023
£
8,128
6,177
1,917
505
22,458
545
800
40,530		 Prior Year
Total
Funds
2022
£
-
-
63,918 -
Prior Year
Total Funds
2022
£
-
-
-
-
-
-
-
40,530 -

15 Expenditure on charitable activities - Direct spending

16

TREM Heritage Hub

Detailed analysis of income and expenditure for the year ended 31 December 2023 as required by the SORP 2015

16 Support costs for charitable activities

Current year
Current year Current year
Unrestricted
Funds
Restricted
Funds
Total
Funds
2023
2023
2023
£
£
£
Employee costs not included in direct costs
2,000
-
2,000
Premises Expenses
2,280
-
2,280
4,335
-
4,335
1,346
-
1,346
3,548
-
3,548
Administrative overheads
400
-
400
1,686
-
1,686
1,966
-
1,966
98
-
98
Professional fees paid to advisors other than the auditor or examiner
377
-
377
135
-
135
Total support costs
18,171
-
18,171
17 Total charitable expenditure
Current year
Current year Current year
Unrestricted
Funds
Restricted
Funds
Total
Funds
2023
2023
2023
£
£
£
Total direct spending
40,530
-
40,530
Total support costs
18,171
-
18,171
Total charitable expenditure
58,701
-
58,701
All the expenditure in the prior year was unrestricted.
Rates and water charges
Volunteer allowance
Stationery and printing
Cleaning and waste
management
Light heat and power
Premises repairs, renewals
and maintenance
Telephone, fax and internet
Office expenses
Sundry expenses
Depreciation & Amortisation in
total for the period
Other legal and professional		 Prior Year
Total Funds
2022
£
-
-
-
-
-
-
-
-
-
-
-
-
Prior Year
Total Funds
2022
£
-
-
-

17