Registered Charity Number :_ I 189122 ACM CHRIST ASSEMBLY MINISTRY FINANCIAL STATEMENrs FOR THE YEAR END 30 November 2023 Dartford
STATEMENT OF FINANCIAL ACTIITfiES...................................................................................................... BALANCE SHEET................................................................................................................................................ OTES TO THE FLXJLNCIAL STATEM5....
Recommended categories bl- actiiity ITnrestricted nds Total Funds 2023 Total Funds 2022 IncoADe and endowments from: Donations and legacies 14.020.(K) 14.020.(M) 23.614.00 Total 14,020.00 14,020.00 23,614.00 Resources expended Expenditure on: RSillg fiuuls 650.(K) 650.00 11.525.00 Chan"table actii"itses 650.C(I 650.00 8.908.00 Total i Joo.00 iJoo.00 20,433.00 et lnconiel(eeuditllre) before ini"estment gainsl(losses) 12,720.00 12,720.00 3,ISI.00 Net income/(expeDditsre) 12.720.00 12.720.00 3,181.00 Net moi-ement in funds 12.720.00 12.720.00 3,181.00 Reconcdiatson of filllds: Total fimds brought foThN7rd 11.392.tKI 11.392.(Ki 8211_00 Total funds carried forward 24,112.00 24.112.00 11392.00
Recommended categories bl- actiiity ITnrestricted nds Total Funds 2023 Total Funds 2022 Fjxed assets Tangible assets 12.720.(KI 12.720.IJ) 12.080.IX) Total fixed assets 12,720.00 12,720.00 12,080.00 Cellt assets Cash at bank and in hand 2.692.00 Total current assets 2,692.00 Creth"tots: arllounts fallmg due Thithin one year 3.380. Net current a55et510iabllities) (688.00) Total assets less current liabilitie5 12,720.00 12,720.00 IlJ92.00 Total net a55et5 or liabilities 12,720.00 12,720.00 IlJ92.00 Funds of the Clharit)" Unrestncted funds 24.112.(Ki 24.112.(X) 11.392_00 Restricted COrne fill1& EtthThThent funds Total fllnds 24,112.00 24.112.00 IlJ92.00 The financ1 statements "t[C approi.ed b)" the Board on 09_Mav_2024 and Ened on its behalf by:
Olanthe Kehuule Moradevo TnIst, Treasurer
l Accounting Policies 1.1 AccouDtiDg Policies The wincipal accowttmg policies adopted by the Clwity". 4ch is a pubh'c benefit entity. in the preparation of the accounts are as follov*ts. 12 Basts of preparatlon These accounts haN"e been prepated under the ht0Cal cost coni.ellti0 a5 modified by the lUsion of chantable woperties and fixed asset Jni"estmeots and mi"eslment propertses at i"aluatio These accounts h"e been prepared ]n accordance Th-ith"Accountuw and ReEm)rtg by Chan"ties". SteMent of Recommended Practtce aPpcable to chan.ttes Prepari their accounts ia accdance the Financial Reporting Standard applicable in the and Republic of Ireland (FRS 102):: (effectii"e l JanuaTh, 2019) - (Chanties SOR9 (FRS 102)): the FJnancJal Report Standard apphcable the LX and RePUbC of Ireland (FRS 102) and the Charities Act ?01 l. These accounts are presented pounds sterlmg and rounded to the nearest pound. IJ Going concern The TteeS hai"e prepared financial projections: takmg mto consideratson the cuNent econonllc conth"tions and hai"e: at the tllne of appro}g these accounts: a reasonable Lxpectation that the chariTh has adequate resoutces to cOntUe m operational estenCe for the foreseeable fiJture. Thus the)" cOntUe to ad¢)pt the gomg concern bas of accounting prePa[ll the accounts. 1.4 Income from doDatlODS or grants Income from donattons and grants is recognized the chant)" is eotitled to the fid$. the receipt is probable and the amount can be njeasured reliabh.. For donats'ons: thi's is usuall!. on receipt. For granis: thi's Is usuall)" 14then a fornial made m Thting. If a donation or grant contains tern and conth"tions outside of the chan"ti' s control iith.ch musi be met before the cbarits" is entiiled to the fiuth. w rfthe donor specifies that the fimds must be used In future tllne periods: then the mcome is defTed. 1.5 Eipenditllre Expenditure is recognised Hthen a present legal or constr1"e obligation exists at the balance sheet date as result of a past "ellt: It probable that a transfer of econonuc benefits Thill be requwed to settle the obhgatiotL and the atDounl can be estsnared relthbly. It is inclusii"e of IAT Hluch catmot be recoi"ered.
Direct costs are those costs u"lu'ch directiN' atmbute to its athiuttes. Ilages and salaries are allocated to direct co$ based on an eStInle of time spent on clwi'table actiiitses bj staff members. Support costs include staff costs and are those Blu'dl do not pr¢xluce a thiect output. Staff costs relate to specific actiiities alld is reflected in the allocation of pa)Toll costs based on the percentage of tinie spent. All costs, lllcludmg goi"ernance costs: are allocated bett4.een the expenth.ture categones of the clwity on a bas designed to reflect the use of the Iesource. Costs relatmg to a particular acttiity are charged deCtLy. othets ate appornoned oll an 4)prwiate bas. Support Costs and oi"erheads bai"e been calculated by all(ltig stsff time to the I"e1 of ini"oli"ement in the i"arious actii"ities of the Chan"ty. 1.6 Creditors The cljarity has creditors are measured at settlement amounts less an). trade discounts. 1.7 Debtors Debtors (clud trade debtors and loans recai"able) are measuted on Ulltsal recogIirtion at settlement amount after an!, trade dOUnts or amount a<h"anced by the charty. Subsequeotly. they are measured at the cash or other consideratton expected to be receii"ed. 2 Income from Donations and Legacies I'nrestricted funds Restricted income funds Endowment funds Tot21 funds 2023 Tot21 funds 2022 Donation and gths 14.020.CM) 14.020. 23.614.00 I4.020.) 14.020.(K) 23.614.00 3 Expenditure on Raising Funds
Total fllnds 2023 Total funds 2022 ADah3is Start up costs CUed in generating neil" source of future income 650.(K) 11.525.00 650.(K) 11.525.00 4 Expenditure on Charitable Activities Total fllnds 2023 Total funds 2022 ADah3is Chantr" management & 217.00 Chanty" nmtung cost 105.(X) 8.191.00 Support Costs 545.(Y) 500.00 650. 8.908.00 5 Support Costs Total funds 2023 Total funds 2022 AnalTrryi5 Goi"ernance Costs Accountants fees 545.(Kl 5(K).IX) 545.00 6 Tangible Fixed Assets 6.1 Cost or IiluatiOD PlaDI & IIaclbiner)" Fixtures & FittiDgs Computer Equipment
At 01 December 2022 11.392. 688.00 Additions &io.00 th'sposais ReN"aluations Transfers At 30 Noi-ember 2023 11.39?.C 6S8_00 &io.00 6.2 Amortisation and impairments Plant & )Iachinery Fithwes & Fittin85 Computer Equipment At 01 Decetnber 2022 1.726. 69.(Ki Addition5 {1:726.(Ki) (69.00) (&i.00) thsposals R"alua0ns Transfers At 30 Noi-ember 2023 6.3 Net book i.alue Plant & IIachinen" Fixtures & FAttings Computer Equipment At 01 December 2022 9.666.C() 619.(K) (64.00) At 30 Noi"etDber 2023 11.392.00 688.00 0.00 7 Cash at bank and in hand Total funds 2023 Total funds 2022
Cash at bank and on hand 2.692.00 2.692.00 8 Creditors: Amounts falling due Ivitbin one year Total fund5 2023 Total funds 2022 Other crethtors 3.380.00 3.380.00 9 Charity funds 9.1 Details of material funds held and moiements during the CtTRRE)T reporting period Fund balances brought fonFard Fund balance5 canied forward Income Expenditure Transfers Gains and losses Fund ITnre5tricted funds 11.392.(Kl 14.0?O.(K) (1:3(Ki.00) 24.112.00 Total 11.39? 00 I4.0?0.) (1_300_00) 24.112_00 9a Details of material fund5 held and moiements during the PREIUOUS reporting period Fund balances brought fonvard Fund balance5 carried forward Income Gains and losses Fund names ExpendAtllre Transfers
ITnrestricted funds 8.211. 23.614.W (20.433.(M)) 11.392.00 Total 8.211.00 23.614.(KI (20.433.00) 11.392_00 9.3 TraD5fer5 between hnds TbAS Year Amount Bett4"een unrestricted and reStrted funds Beth"een endoiiinent and restricted fimds Beth"een endoiiinent and unrestricted fillLds Last Year Amount Bett4"eell ullreslricted and ieslricted funds Bett4"een endoThinent and restricted funds Be"eell en(lotiinellt and ullrestricted funds