**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:
1. The advancement of the Christian faith in such ways as the Charity Trustees may from time to time decide.
2. 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.
- 1 -
## **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).
- 2 -
## **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:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- 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:
- (i) examine the financial statements under section 145 of the 2011 Act;
- (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
- (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:
- (a) which gives me reasonable cause to believe that in any material respect the requirements:
- (i) to keep accounting records in accordance with section 130 of the 2011 Act; and
- (ii) to prepare financial statements which accord with the accounting records and comply with the accounting requirements of the 2011 Act;
- have not been met or
- (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......................
- 5 -
## **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.
- 6 -
## **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.
- 8 -
## **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|
- 9 -
## **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|
- 10 -
## **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).
- 12 -
## **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|
- 13 -
## **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.
- 14 -
## **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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