Charity Registration No. 1187821
HESKETH BANK CHRISTIAN CENTRE
ANNUAL REPORT AND UNAUDITED ACCOUNTS
FOR THE PERIOD ENDED 31 DECEMBER 2023
HESKETH BANK CHRISTIAN CENTRE
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees Steven Barrett Stuart Roberts Jonathan Chetwood Nicholas Taylor Charity number 1187821 Principal address Moss Lane Hesketh Bank Preston PR4 6AA Independent examiner J A Fell & Company 40 Hoghton Street Southport PR9 0PQ
HESKETH BANK CHRISTIAN CENTRE
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 3 |
| Independent examiner's report | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes to the accounts | 8 - 16 |
HESKETH BANK CHRISTIAN CENTRE
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
The Trustees present their report and financial statements for the year ended 31 December 2023.
The Hesketh Bank Christian Centre Charitable Incorporated Organisation (HBCC CIO) was registered with the Charity Commission on the 6th February 2020 and new Trustees were appointed. A transfer agreement was completed on 1st October 2020 when all assets and liabilities were transferred from Hesketh Bank Christian Fellowship to HBCC CIO.
The accounts have been prepared in accordance with the accounting 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 (FRS 102)” (as amended for accounting periods commencing from 1 January 2016)
Objectives and activities
HBCC’s objects are:
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The advancement of the Christian faith in such ways as the Charity Trustees may from time to time decide.
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The relief of persons who are in need by reason of financial hardship, ill-health, unemployment or such other economic or social disadvantage in such ways as the Charity Trustees may from time to time decide.
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake and in general the activities adopted in furtherance of these objects are:
Weekly public religious worship services, evangelistic events, financial support to specified Christian charities, working with young people and local schools to further knowledge of the Christian faith and support to parents/ carers and their children and for those in difficulty for example, mental health issues, suffering isolation, those requiring pastoral support, those in poverty at Christmas and other times of the year.
HBCC’s policy is to consult and discuss with employees, through meetings, matters like to affect employees.
HBCC's principal activities are:
1. Church services
The Church meets each Sunday for worship, teaching and ministry. We welcome all people who come to our services whether they are Christians or others exploring what faith in God means. We seek to love God, one another, and our community, and to reach out to others with the love of Jesus. Our Sunday services encompass all ages, with children and young people, including those with additional needs, meeting for part of each service as YPC (Young Peoples' Church)
2. Other meetings
Life Groups (small groups of individuals who support and encourage one another in the Christian faith) meet fortnightly during term times. Regular Alpha courses are held and also other outreach events.
3. Community Activities
The Church undertakes a great deal of community activities that benefit the wider public as well as the members of the Church itself.
A café (Café Aroma) is open on a Thursday morning for the community and is staffed by volunteers. It has become well established as a meeting place for people from the local community, many of whom do not attend church.
A Peers Early Education Partnership (PEEP) worker is employed to work with families and to help in children's early education. On three mornings per week pre-school children attend PEEP sessions with a parent/carer. A new PEEP and Outreach Leader was appointed in the 2nd quarter of the year.
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HESKETH BANK CHRISTIAN CENTRE
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023
There are activities for young people which take place throughout the week, with the main youth event being the Friday night youth club, 'The Hub'. To lead this work, the church employs a youth worker who is assisted by a team of volunteers.
Community groups make regular use the facilities, for example Scouts and WI, and they are also made available for other outside users where possible.
Work commenced on the Mindfulness Garden which will be used for reflection, prayer and remembrance.
The activities organised and supported by the church provide good public benefit.
4. Practical support overseas
HBCC supports other charities and groups working in various countries around the world, encompassing projects such as relief of poverty, education, care of orphans and abandoned children, practical assistance and training.
Achievements and performance
A Narnia presentation was again run over the Christmas period.
Several significant repairs/replacements were made during the period including those to the old church hall.
Work started on a church garden which aims to provide an outdoor space for personal reflection.
A software program called Church Suite has been implemented with all those that attend the church to simplify administration activities, keep people informed whilst also helping with GDPR responsibilities.
The biannual risk assessment was completed by the Trustees. The number of risks, and their potential severity, has reduced significantly from 2021. Actions are ongoing to minimise those currently identified.
HBCC CIO has also supported charitable causes with financial assistance from the charity's own donated income. The Trustees have had regard to the Charity Commission guidance in deciding what activities the charity should undertake and ensuring that it complies with the Charities objectives. Financial help has been provided to Compassion Acts and Cedar House.
An in-person General Church Meeting was held on 16 November 2023, at which the Trustees presented the accounts for 2022 and actuals and forecasts for 2023 to date.
Financial review
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to three month’s expenditure. The Trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised.
During the year the charity received total income of £160,980 (2022 - £149,950) and recorded expenditure of £156,186 (2022 - £152,682). This led to a small surplus for the year of £4,794 (2022 - deficit £2,732) which led to total funds at the year end of £1,119,976 (2022 - £1,115,182).
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HESKETH BANK CHRISTIAN CENTRE
TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Structure, governance and management
HBCC CIO is a Charitable Incorporated Organisation governed by the Constitution dated 3rd February 2020. The Trustees who served during the year and up to the date of signature of the financial statements were:
Steven Barrett Stuart Roberts Jonathan Chetwood Nicholas Taylor
New trustees are appointed by the existing trustees in accordance with the Constitution.
The Church is run by a Spiritual Leadership team, comprising the Pastors, and other nominated leaders, both paid and unpaid who together exercise spiritual and practical leadership.
The Trustees retain responsibility for legal matters such as employment and health and safety.
The Trustees' report was approved by the Board of Trustees.
.............................. Steven Barrett Trustee
Dated: 29 October 2024.
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HESKETH BANK CHRISTIAN CENTRE
STATEMENT OF TRUSTEES' RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
The Trustees are responsible for preparing the Trustees' Report and the financial 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 Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.
In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. 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.
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HESKETH BANK CHRISTIAN CENTRE
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF HESKETH BANK CHRISTIAN CENTRE
I report on the financial statements of the charity for the year ended 31 December 2023, which are set out on pages 6 to 16.
Respective responsibilities of Trustees and examiner
The charity’s Trustees are responsible for the preparation of the financial statements. The charity's Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
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(i) examine the financial statements under section 145 of the 2011 Act;
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(ii) to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
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(iii) to state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity 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 any such matters. 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 financial statements present a ‘true and fair view’ and the report is limited to those matters set out in the next statement.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
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(a) which gives me reasonable cause to believe that in any material respect the requirements:
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(i) to keep accounting records in accordance with section 130 of the 2011 Act; and
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(ii) to prepare financial statements which accord with the accounting records and comply with the accounting requirements of the 2011 Act;
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have not been met or
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(b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
Oliver Grills FCA J A Fell & Co 40 Hoghton Street Southport PR9 0PQ
Dated: ...30/10/2024......................
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HESKETH BANK CHRISTIAN CENTRE
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023
| Unrestricted Restricted funds funds 2023 2023 Notes £ £ Income from: Donations and legacies 3 108,327 3,229 Charitable activities 4 19,322 - Other trading activities 5 15,784 - Investments 6 14,318 - Total income 157,751 3,229 Expenditure on: Charitable activities 7 146,984 4,370 Property refurbishment 11 - 4,832 Total expenditure 146,984 9,202 Net incoming/(outgoing) resources before transfers 10,767 (5,973) Gross transfers between funds (3,627) 3,627 Net income/(expenditure) for the year/ Net movement in funds 7,140 (2,346) Fund balances at 1 January 2023 1,111,046 4,136 Fund balances at 31 December 2023 1,118,186 1,790 |
Total Unrestricted Restricted funds funds 2023 2022 2022 £ £ £ 111,556 114,111 550 19,322 15,623 - 15,784 7,248 - 14,318 12,418 - 160,980 149,400 550 151,354 151,469 - 4,832 - 1,213 156,186 151,469 1,213 4,794 (2,069) (663) - - - 4,794 (2,069) (663) 1,115,182 1,113,115 4,799 1,119,976 1,111,046 4,136 |
Total 2022 £ 114,661 15,623 7,248 12,418 149,950 151,469 1,213 152,682 (2,732) - (2,732) 1,117,914 1,115,182 |
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
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HESKETH BANK CHRISTIAN CENTRE
BALANCE SHEET
AS AT 31 DECEMBER 2023
| Notes Fixed assets Tangible assets 12 Current assets Debtors 13 Cash at bank and in hand Creditors: amounts falling due within one year 14 Net current assets Total assets less current liabilities Income funds Restricted funds 15 Unrestricted funds-general Designated funds 16 General unrestricted funds |
2023 £ £ 1,039,919 4,231 76,769 81,000 (943) 80,057 1,119,976 1,790 8,641 1,109,545 1,118,186 1,119,976 |
2022 £ £ 1,039,722 4,555 72,114 76,669 (1,209) 75,460 1,115,182 4,136 6,491 1,104,555 1,111,046 1,115,182 |
2022 £ £ 1,039,722 4,555 72,114 76,669 (1,209) 75,460 1,115,182 4,136 6,491 1,104,555 1,111,046 1,115,182 |
|---|---|---|---|
| 1,115,182 | |||
| 4,136 1,111,046 |
|||
| 1,115,182 |
The financial statements were approved by the Trustees on 29 October 2024.
.............................. Steven Barrett Trustee
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HESKETH BANK CHRISTIAN CENTRE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
1 Accounting policies
Charity information
Hesketh Bank Christian Centre is a Charitable Incorporated Organisation with a registered number of 1187821 and is governed by a trust deed dated 6 February 2020.
1.1 Accounting convention
These accounts have been prepared in accordance “Accounting and Reporting by Charities” the Statement of Recommended Practice for charities applying FRS 102, the Charities Act 2011 and UK Generally Accepted Accounting Practice as it applies from 1 January 2015. The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2 Charitable funds
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.
Designated funds comprise funds which have been set aside at the discretion of the Trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
1.3 Incoming resources
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
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HESKETH BANK CHRISTIAN CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023
1 Accounting policies
(Continued)
1.4 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings SL 15 years Fixtures and fittings 10% Reducing Balance Equipment 25% Reducing Balance Motor vehicles 25% Reducing Balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.5 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.6 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Income from:
Donations and legacies
| Unrestricted Restricted funds funds general £ £ Donations and gifts 90,714 3,056 Gift aid recoverable 17,613 173 For the year ended 31 December 2023 108,327 3,229 For the year ended 31 December 2022 114,111 550 |
Total 2023 £ 93,770 17,786 111,556 |
Total 2022 £ 98,344 16,317 |
|---|---|---|
| 114,661 | ||
| 114,661 |
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HESKETH BANK CHRISTIAN CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023
| 4 | Income from: | ||
|---|---|---|---|
| Charitable activities | |||
| 2023 | 2022 | ||
| £ | £ | ||
| PEEP / Family / Youth Activities | 19,322 | 15,623 | |
| 5 | Other trading activities | ||
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| general | general | ||
| 2023 | 2022 | ||
| £ | £ | ||
| PEEP fundraising events | 996 | 704 | |
| Cafe Aroma income | 14,788 | 6,544 | |
| Other trading activities | 15,784 | 7,248 |
6 Investments
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| general | general | |
| 2023 | 2022 | |
| £ | £ | |
| Rental income (all sources) | 14,318 | 12,418 |
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HESKETH BANK CHRISTIAN CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023
7 Charitable activities
| Worship & Ministry 2023 £ Staff costs 42,578 Meeting and events costs 13,449 Missionary Work & Donations 10,930 Mindfulness garden - 66,957 Share of support costs (see note 8) 5,262 72,219 Analysis by fund Unrestricted funds - general 70,219 Restricted funds 2,000 72,219 |
PEEP YPC and Youth 2023 2023 £ £ 10,065 20,273 1,877 9,122 - - 2,370 - 14,312 29,395 24,620 10,808 38,932 40,203 36,562 40,203 2,370 - 38,932 40,203 |
Total 2023 Worship & Ministry 2022 £ £ 72,916 40,288 24,448 15,276 10,930 9,837 2,370 - 110,664 65,401 40,690 29,869 151,354 95,270 146,984 95,270 4,370 - 151,354 95,270 |
PEEP YPC and Youth 2022 2022 £ £ 11,059 18,981 3,058 5,745 - - - - 14,117 24,726 6,308 11,048 20,425 35,774 20,425 35,774 - - 20,425 35,774 |
Total 2022 £ 70,328 24,079 9,837 - |
|---|---|---|---|---|
| 104,244 47,225 |
||||
| 151,469 | ||||
| 151,469 - |
||||
| 151,469 |
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HESKETH BANK CHRISTIAN CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023
8 Support costs
| Support costs Governance costs £ £ Telephone 1,862 - PPS / Advertising 811 - Sundry 3,138 - Bank Charges 257 - Property Costs 18,507 - Support costs heading 7 5,211 - Depreciation 2,804 - Insurance 5,645 - Subscriptions 2,455 - 40,690 - Analysed between Charitable activities 40,690 - |
2023 £ 1,862 811 3,138 257 18,507 5,211 2,804 5,645 2,455 40,690 40,690 |
2022 Basis of allocation £ 1,590 975 3,460 45 26,603 5,379 2,450 5,255 1,468 47,225 47,225 |
|---|---|---|
9 Trustees
None of the Trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
10 Employees
Number of employees
The average monthly number of employees during the year was:
| 2023 | 2022 | |
|---|---|---|
| Number | Number | |
| Charitable activities | 6 | 6 |
| Employment costs | 2023 | 2022 |
| £ | £ | |
| Wages and salaries | 71,509 | 68,747 |
| Other pension costs | 1,407 | 1,581 |
| 72,916 | 70,328 |
No member of staff was paid in excess of £60,000 (2022 - none).
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HESKETH BANK CHRISTIAN CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023
11 Property refurbishment
Five19 Property refurbishment was a fund set up to resource the refurbishment of the older church buildings and support a programme of repairs to improve the facilities.
12 Tangible fixed assets
| Freehold land and buildings Fixtures and fittings £ £ Cost At 1 January 2023 1,023,723 67,714 Additions - - At 31 December 2023 1,023,723 67,714 Depreciation and impairment At 1 January 2023 - 53,291 Depreciation charged in the year - 1,297 At 31 December 2023 - 54,588 Carrying amount At 31 December 2023 1,023,723 13,126 At 31 December 2022 1,023,723 14,423 13 Debtors Amounts falling due within one year: Gift aid receivable Other debtors 14 Creditors: amounts falling due within one year Other taxation and social security |
Equipment Motor vehicles £ £ 51,636 9,000 3,000 - 54,636 9,000 50,060 9,000 1,506 - 51,566 9,000 3,070 - 1,576 - 2023 £ 4,231 - 4,231 2023 £ 943 |
Total £ 1,152,073 3,000 |
|---|---|---|
| 1,155,073 | ||
| 112,351 2,803 |
||
| 115,154 | ||
| 1,039,919 | ||
| 1,039,722 | ||
| 2022 £ 4,435 120 |
||
| 4,555 | ||
| 2022 £ 1,209 |
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HESKETH BANK CHRISTIAN CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023
15 Restricted funds
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
| Movement in funds | Movement in funds | Movement in funds | Movement in funds | |||||
|---|---|---|---|---|---|---|---|---|
| Balance at | Income | Resources | Balance at | Income | Resources | Transfers | Balance at | |
| 1 January | received | expended | 1 January | received | expended | 31 December | ||
| 2022 | 2023 | 2023 | ||||||
| £ | £ | £ | £ | £ | £ | £ | £ | |
| Earthquake appeal | - | - | - | - | 1,317 | (2,000) | 683 | - |
| five19 | 3,559 | - | (1,213) | 2,346 | - | (4,832) | 2,486 | - |
| Video Equipment | 1,240 | 550 | - | 1,790 | - | - | - | 1,790 |
| Mindfulness Garden | - | - | - | - | 1,912 | (2,370) | 458 | - |
| 4,799 | 550 | (1,213) | 4,136 | 3,229 | (9,202) | 3,627 | 1,790 |
The restricted fund for video equipment relates to donations to fund future purchase of media devices.
five19 is a fund set up to resource the refurbishment of the older church buildings and support a programme of repairs to improve the facilities.
Mindfulness Garden is a fund set up to provide an outdoor space for personal reflection.
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HESKETH BANK CHRISTIAN CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023
16 Designated funds
The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:
Movement in funds
| Balance at | Incoming | Resources | Balance at | Resources | Transfer from | Balance at | |
|---|---|---|---|---|---|---|---|
| 1 January | resources | expended 1 January 2023 |
expended | general funds | 31 December | ||
| 2022 | 2023 | ||||||
| £ | £ | £ | £ | £ | £ | £ | |
| Compassion | - | 664 | (664) | - | - | - | - |
| Local | 3,061 | - | (450) | 2,611 | (762) | - | 1,849 |
| Compassion Acts | - | - | - | - | (3,209) | 4,197 | 988 |
| Church boiler | 4,816 | - | - | 4,816 | - | - | 4,816 |
| POCM | - | 250 | (250) | - | - | - | - |
| Trussell Trust | - | 664 | (664) | - | - | - | - |
| Cedar House | - | - | - | - | (3,209) | 4,197 | 988 |
| Source of Hope | - | 2,311 | (2,311) | - | - | - | - |
| Transforming Lives for Good | - | 1,980 | (895) | 1,085 | (1,085) | - | - |
| 7,877 | 5,869 | (5,234) | 8,512 | (8,265) | 8,394 | 8,641 |
The church allocates 8-10% of donated income to benefit others through donations to other charities and to assist with local needs.
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HESKETH BANK CHRISTIAN CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023
| 17 Analysis of net assets between funds Unrestricted funds Restricted funds 2023 2023 £ £ Fund balances at 31 December 2023 are represented by: Tangible assets 1,039,919 - Current assets/(liabilities) 80,057 - 1,119,976 - |
Total Unrestricted funds 2023 2022 £ £ 1,039,919 1,039,722 80,057 71,324 1,119,976 1,111,046 |
Restricted funds 2022 £ - 4,136 4,136 |
Total 2022 £ 1,039,722 75,460 |
|---|---|---|---|
| 1,115,182 |
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