||||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|
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||||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|
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||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.|
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|||||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|