2023-12-31-accounts

			Pages
Table ofContent
Trustees' Annual Report			2-4
Independent Examiner's	Report
Statement of Financial Activities
Summary Income and Expenditure		Account
Balance Sheet
Notes to the Accounts			9-12
Detailed Statement ofFinancial Activities			13-14

			Unrestricted
			funds	Total funds	Total funds
			2023	2023	2022
		Notes		f	f
Income and	endowments
from:
Donations	and legacies		57,660	57,660	17,201
Total			57,660	57,660	17,201
Expenditure	on:
Charitable	activities		17,435	17,435	3,652
Other			2,640	2,640	1,570
Total			20,075	20,075	5,222
Net gains on	investments
Net, income			37,585	37,585	11,979
Transfers between funds
Net income gains/(losses)	before other		37,585	37,585	11,979
Other gains	and losses
Net movement in funds			37,585	37,585	11,979
Reconciliation offunds:
Total funds brought forward			99,386	99,386	87,407
Total funds carried forward			136,971	136,971	99,386

	2023	2022
Income	57,660	17,201
Gross income for the year	57,660	17,201
Expenditure	20,075	5,222
Total expenditure for the year	20,075	5,222
Net income before tax for the year	37,585	11,979
Net income for the year	37,585	11,979

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Basis ofpreparation	Basis ofpreparation	Basis ofpreparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities:
Statement	ofRecommended Practice applicable to charities preparing their accounts in accordance with
the Financial Reporting Standard applicable in the UK and Republic ofIreland (FRS102){effective 1
January 2015) - (Charities SORP (FRS102)),the Financial Reporting Standard applicable in the UK and
Republic ofIreland {FRS102)and the Companies Act 2006.
Fund accounting
Unrestricted funds		These are available for use at the discretion ofthe trustees in furtherance ofthe
		general objects ofthe charity.
Restricted	funds	These are available for use subject to restrictions imposed by the donor or through
		terms ofan appeal.
Income resources
Recognition of		Income is included in the Statement of Financial Activities (SoFA) when the charity
income		becomes entitled to, and virtually certain to receive, the income and the amount of
		the income can be measured with sufficient reliability. The value ofservices
		provided by volunteers is not incorporated into these financial statements.
Resources	Expenditu	re
Recognition of		Expenditure is recognised on an accruals basis, Charitable and non-charitable
expenditure		expenditure is allocated tothe respective activities and any shortfall is funded from
		unrestricted funds. Where costs cannot be directly attributed to particular
		headings they have been allocated to activities on a basis consistent with the use of
		resources.
		Costs ofcharitable activities are those costs relating tothe activities carried out to
		meet the objectives ofthe Church. These include both directly attributable costs
		and apportioned support costs
Expenditure	on	These comprise the costs incurred by the Charity in the delivery ofits activities and
charitable	activities	services in the furtherance ofits objects, including the making ofgrants and
		governance costs.
Grants payable		All grant expenditure is accounted for on an actual paid basis plus an accrual for
		grants that have been approved by the trustees at the end ofthe year but not yet
		paid.
Governance costs		These include those costs associated with meeting the constitutional and statutory
		requirements ofthe Charity, including any audit/independent examination fees,
		costs linked tothe strategic management ofthe Charity, together with a share of
		other administration costs.
Other expenditure		These are support costs not allocated to a particular activity.

				Unrestricted
				funds	Total funds
				2022	2022
Income and endowments			from:
Donations	and	legacies		17,201	17,201
Total				17,201	17,201
Expenditure on."
Charitable	activities			3,652	3,652
Other				1,570	1,570
Total				5,222	5,222
Net income				11,979	11,979
Net income before gains/(losses)		other		11,979	11,979
Other gains and losses:
Net movement	in funds			11,979	11,979
Reconciliation	offunds:
Total funds brought		forward		87,407	87,407
Total funds carried		forward		99,386	99,386

					Unrestricted	Total	Total
						2023	2022
						E
					51,660	51,660	17,201
					6,000	6,000
					57,660	57,660	17,201
Expenditure	on charitable		activities
					Unrestricted	Total	Total
						2023	2022
Expenditure	on charitable
activities
					15,735	15,735	3,347
Governance	costs
					1,700	1,700	305
					17,435	17,435	3,652
Other expenditure
					Unrestricted	Total	Total
						2023	2022
Motor and travel costs					206	206
Premises costs					2,000	2,000	1,470
General administrative		costs			434	434	100
					2,640	2,640	1,570
Staff costs
No employee	received	emoluments		in excess off60,000.
Debtors
					2023		2022
					E
Other debtors					2,300
					2,300

5 6	Expenditure on charitable activities Expenditure on charitable activities Governance costs Other expenditure

Not 9	es to the Accounts Movement in funds
			Incoming
			resources		At31
			(including	Resources	December
		At 1January	other gains/losses	expended	2023
		2023	)
			f
	Restricted funds:
	Unrestricted funds:
	General funds	99,386	57,660	(20,075)	136,971
	Total funds	99,386	57,660	(20,075)	136,971
10	Analysis ofnet assets between funds
			Unrestricted	Restricted
					Total
			funds	funds
			f		f
	Net current assets		130,971	6,000	136,971
			130,971	6,000	136,971
11	Reconciliation ofnet debt
					At 31
			At 1January		December
			2023	Cash flows	2023
			f		f.
	Cash and cash equivalents		99,386	35,285	134,671
			99,386	35,285	134,671
	Net debt		99,386	35,285	134,671

				Unrestricted
				funds	Totalfunds	Totalfunds
				2023	2023	2022
				f.	E	E
Income and endowments			from:
Donations and legacies
				51,660	51,660	17,201
				6,000	6,000
				57,660	57,660	17,201
Total income and endowments				57,660	57,660	17,201
Expenditure on:
Charitable activities
				15„735	15,?35	3,347
				15,735	15,735	3,347
Governance costs
				1,700	1,700	305
				1,700	1,700	305
Total ofexpenditure activities	on		charitable	17,435	17,435	3,652
Motor and travel costs
Travel and subsistence				206	206
				206
Premises costs
Rent				2„000	2,000	1,470
				2,000	2,000	1,470
General administrative			costs,
including depreciation		and
amortisation
General insurances					434	100
				434		100
Total ofexpenditure	of	other costs		2,640	2,640	1,570
Total expenditure				20,075	20,075	5,222
Net gains on investments
Net income				37,585	37,585	11,979
Net income before other gains/(losses)				37,585	37,585	11,979
Other Gains
Net movement in funds				37,585	37,585	11,979
Reconciliation offunds:

New Covenant Church Dunstable
Detailed Statement of Financial Activities
Total funds brought forward	99,386	99,386	87,407
Total funds carried forward	136,971	136,971	99,386