Company registration number: 13261866 Charity registration number: 1194269
## The Crowborough Weald Gospel Trust
(A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 March 2024
Redshield Business Solutions Limited Chartered Accountants Suite 3, 1 - 3 Warren Court Park Road Crowborough East Sussex TN6 2QX
## **The Crowborough Weald Gospel Trust**
## **Contents (continued)**
|Reference and Administrative Details|1|
|---|---|
|Trustees' Report|2 to 4|
|Independent Examiner's Report|5|
|Statement of Financial Activities|6 to 7|
|Balance Sheet|8|
|Notes to the Financial Statements|9 to 19|
## **The Crowborough Weald Gospel Trust Reference and Administrative Details**
## **Chairman**
C E L Armitstead
**Secretary**
D R Buck
**Charity Registration Number** 1194269 **Company Registration Number** 13261866
The charity is incorporated in England.
## **Registered Office**
## **Independent Examiner**
Limney House St Johns Road Crowborough East Sussex TN6 1RT Redshield Business Solutions Limited Chartered Accountants Suite 3, 1 - 3 Warren Court Park Road Crowborough East Sussex TN6 2QX
Page 1
## **The Crowborough Weald Gospel Trust**
## **Trustees' Report**
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 March 2024.
## **Objectives and activities**
The objects of the Charity are to advance the evangelical Christian faith, including (but without limitation) by providing grants or other funding to, and making available property for use by, churches and other Christian charities or groups in particular in Crowborough, East Sussex and the surrounding area that are in sympathy with the Statement of Faith.
The charity has continued to pursue the future expansion of the site of the St Richard’s church in Crowborough. To this end it has continued to work closely with the PCC of All Saints and St Richard’s in establishing the parameters of this development. It has continued to receive donations for this project during this period together with monthly rental income from the property on the adjacent site purchased in the previous financial year.
The public benefit of achieving the future expansion of the St Richard’s church site remains at the centre of the trustees’ plans.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
## **Financial review**
The charity considers it has sufficient reserves at present and will decide on its policy as required for the future.
The property mentioned above has been made suitable for rental purposes and has been let on a short-term lease pending future development of the site.
## **Trustees and officers**
The trustees and officers serving during the year and since the year end were as follows:
Trustees: C E L Armitstead D R Buck H L Hyde D S Jack P A D Scobell T Maton (appointed 16 December 2023) Chairman: C E L Armitstead Secretary: D R Buck
Page 2
## **The Crowborough Weald Gospel Trust**
## **Trustees' Report (continued)**
## **Structure, governance and management**
The company is registered as a charitable company limited by guarantee and is registered as charity number 1194269. The company is constituted in accordance with the Memorandum and Articles of Association registered on incorporation.
The management of the charity is the responsibility of the Trustees who are elected under the terms of the Articles of Association.
The trustees have been kept informed of their duties and have discussed their responsibilities during their regular meetings.
The day to day running of the charity is managed by the Company Secretary.
## **Financial instruments**
The charity has adopted the policy of raising sufficient funds from donors before embarking on a project or making a grant. Monies surplus to immediate requirements are deposited securely with a major bank. The charity does not use derivative financial instruments for speculative purposes.
The charity’s policies outlined in the previous paragraph are intended to reduce cash flow risk to the minimum.
The charity’s principal financial assets are its bank balances and rental income from the property mentioned above. Its policies outlined in the previous two paragraphs are intended to reduce credit risk to the minimum.
The charity’s policies outlined in the previous three paragraphs are intended to reduce liquidity risk to the minimum. Further details regarding liquidity risk can be found in the Statement of accounting policies in the financial statements.
Further details regarding liquidity risk can be found in the Statement of accounting policies in the financial statements.
## **Statement of trustees' responsibilities**
The trustees (who are also the directors of The Crowborough Weald Gospel Trust for the purposes of company law) 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), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". The report and accounts have been prepared in accordance with the provisions in the Companies Act 2006 relating to small companies.
Page 3
## **The Crowborough Weald Gospel Trust**
## **Trustees' Report (continued)**
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and 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, comprising FRS 102 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 charitable company will continue in business.
The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
## **Small companies provision statement**
This report has been prepared in accordance with the small companies regime under the Companies Act 2006.
The annual report was approved by the trustees of the charity on 12 December 2024 and signed on its behalf by:
......................................... D R Buck Company secretary and trustee
Page 4
## **The Crowborough Weald Gospel Trust**
## **Independent Examiner's Report to the trustees of The Crowborough Weald Gospel Trust ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.
## **Responsibilities and basis of report**
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of The Crowborough Weald Gospel Trust as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
...................................... Juliet Morris Chartered Accountants ICAEW
Suite 3, 1 - 3 Warren Court Park Road Crowborough East Sussex TN6 2QX
12 December 2024
Page 5
## **The Crowborough Weald Gospel Trust**
## **Statement of Financial Activities for the Year Ended 31 March 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)**
|**Note**
**Income and Endowments from:**
Donations and legacies
3
Investment income
4
Total income
**Expenditure on:**
Raising funds
5
Charitable activities
6
Total expenditure
Net income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
17|**Unrestricted**
**funds**
**£**
27,349
16,800
44,149
(4,991)
(2,314)
(7,305)
36,844
36,844
431,383
468,227|**Total**
**2024**
**£**
27,349
16,800|
|---|---|---|
|||44,149|
|||(4,991)
(2,314)|
|||(7,305)|
|||36,844|
|||36,844
431,383|
|||468,227|
The notes on pages 9 to 19 form an integral part of these financial statements. Page 6
## **The Crowborough Weald Gospel Trust**
## **Statement of Financial Activities for the Year Ended 31 March 2024 (continued) (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)**
|**Note**
**Income and Endowments from:**
Donations and legacies
3
Investment income
4
Total income
**Expenditure on:**
Raising funds
5
Charitable activities
6
Total expenditure
Net income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
17|**Unrestricted**
**funds**
**£**
9,062
16,280
25,342
(4,171)
(5,302)
(9,473)
15,869
15,869
415,514
431,383|**Total**
**2023**
**£**
9,062
16,280|
|---|---|---|
|||25,342|
|||(4,171)
(5,302)|
|||(9,473)|
|||15,869|
|||15,869
415,514|
|||431,383|
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2023 is shown in note 17.
The notes on pages 9 to 19 form an integral part of these financial statements. Page 7
## **The Crowborough Weald Gospel Trust**
## **(Registration number: 13261866) Balance Sheet as at 31 March 2024**
|**Note**
**Fixed assets**
Tangible assets
12
Investments
13
**Current assets**
Debtors
14
Cash at bank and in hand
15
**Creditors: Amounts falling due within one year**
16
**Net current assets**
**Net assets**
**Funds of the charity:**
**Unrestricted income funds**
Unrestricted funds
**Total funds**
17|**2024**
**£**
168
350,440
350,608
2,304
116,270
118,574
(955)
117,619
468,227
468,227
468,227|**2023**
**£**
211
350,440|
|---|---|---|
|||350,651|
|||1,676
80,869|
|||82,545
(1,813)|
|||80,732|
|||431,383|
|||431,383|
|||431,383|
For the financial year ending 31 March 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
The financial statements on pages 6 to 19 were approved by the trustees, and authorised for issue on 12 December 2024 and signed on their behalf by:
......................................... D S Jack Trustee
The notes on pages 9 to 19 form an integral part of these financial statements. Page 8
## **The Crowborough Weald Gospel Trust**
## **Notes to the Financial Statements for the Year Ended 31 March 2024**
## **1 Charity status**
The charity is limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.
The address of its registered office is: Limney House St Johns Road Crowborough East Sussex TN6 1RT
These financial statements were authorised for issue by the trustees on 12 December 2024.
## **2 Accounting policies**
## **Summary of significant accounting policies and key accounting estimates**
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
## **Statement of compliance**
The financial statements have been prepared in accordance with 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)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
## **Basis of preparation**
The Crowborough Weald Gospel Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
## **Going concern**
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
## **Income and endowments**
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.
Page 9
## **The Crowborough Weald Gospel Trust**
## **Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)**
## **2 Accounting policies (continued)**
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
Deferred income represents amounts received for future periods and is released to incoming resources in the period for which, it has been received.
Where services or facilities are provided to the charity as a donation that would normally be purchased from our suppliers, this benefit is included in the financial statements at it's fair value unless it's fair value cannot be reliably measured, then at the cost to the donor or the resale value of goods that are to be sold.
Rental income is included when receivable. Rental income received for future periods is deferred until that future period.
## **Expenditure**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources.
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## **Support costs**
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources.
## **Governance costs**
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including independent examination, strategic management and trustees meetings and reimbursed expenses.
Page 10
## **The Crowborough Weald Gospel Trust**
**Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)**
## **2 Accounting policies (continued)**
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **Tangible fixed assets**
Individual fixed assets costing £100.00 or more are initially recorded at cost.
## **Depreciation and amortisation**
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
## **Asset class**
Furniture & equipment
**Depreciation method and rate** 20% reducing balance
## **Investment properties**
Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.
## **Trade debtors**
Trade debtors are amounts due from customers for services provided in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand.
## **Trade creditors**
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Page 11
## **The Crowborough Weald Gospel Trust**
## **Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)**
## **2 Accounting policies (continued)**
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
## **Financial instruments**
Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.
The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.
Page 12
## **The Crowborough Weald Gospel Trust**
## **Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)**
## **3 Income from donations and legacies**
|Donations and legacies;
Donations from individuals
Gift aid reclaimed
Donated services and facilities
Donations and legacies;
Donations from individuals
Gift aid reclaimed
Donated services and facilities
**4 Investment income**
Income from rents
Interest receivable and similar income;
Other interest receivable
Income from rents|**Unrestricted**
**funds**
**General**
**£**
25,372
1,092
885
27,349
**Unrestricted**
**funds**
**General**
**£**
6,680
1,122
1,260
9,062
**Unrestricted**
**funds**
**General**
**£**
16,800
16,800
**Unrestricted**
**funds**
**General**
**£**
1
16,279
16,280|**Total**
**2024**
**£**
25,372
1,092
885|
|---|---|---|
|||27,349|
|||**Total**
**2023**
**£**
6,680
1,122
1,260|
|||9,062|
|||**Total**
**2024**
**£**
16,800|
|||16,800|
|||**Total**
**2023**
**£**
1
16,279|
|||16,280|
Page 13
## **The Crowborough Weald Gospel Trust**
## **Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)**
## **5 Expenditure on raising funds**
## **a) Investment management costs**
|**Note**
Other investment management costs;
Costs of rent collection
Property repairs
Maintenance charges
Allocated support costs
7
**Note**
Other investment management costs;
Costs of rent collection
Property repairs
Maintenance charges
Allocated support costs
7|**Unrestricted**
**funds**
**General**
**£**
2,976
1,599
307
109
4,991
**Unrestricted**
**funds**
**General**
**£**
2,931
708
292
240
4,171|**Total**
**2024**
**£**
2,976
1,599
307
109|
|---|---|---|
|||4,991|
|||**Total**
**2023**
**£**
2,931
708
292
240|
|||4,171|
Page 14
## **The Crowborough Weald Gospel Trust**
## **Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)**
## **6 Expenditure on charitable activities**
|**Note**
Support for Evangelical churches
Allocated support costs
7
Governance costs
7
**Note**
Support for Evangelical churches
Governance costs
7|**Unrestricted**
**funds**
**General**
**£**
696
176
1,442
2,314
**Unrestricted**
**funds**
**General**
**£**
3,213
2,089
5,302|**Total**
**2024**
**£**
696
176
1,442|
|---|---|---|
|||2,314|
|||**Total**
**2023**
**£**
3,213
2,089|
|||5,302|
## **7 Analysis of governance and support costs**
## **Support costs allocated to raising funds**
|**Basis of**
**allocation**
Investment management costs
Usage
**Basis of**
**allocation**
Investment management costs
Usage
**Support costs allocated to charitable activities**
**Basis of**
**allocation**
Support for Evangelical churches Usage|**Finance**
**costs**
**£**
32
**Finance**
**costs**
**£**
56
**Finance**
**costs**
**£**
52|**Information**
**technology**
**£**
77
**Information**
**technology**
**£**
184
**Information**
**technology**
**£**
124|**Total**
**2024**
**£**
109
**Total**
**2023**
**£**
240
**Total**
**2024**
**£**
176|
|---|---|---|---|
Page 15
## **The Crowborough Weald Gospel Trust**
## **Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)**
## **7 Analysis of governance and support costs (continued)**
## **Governance costs**
|Independent examiner fees
Examination of the financial statements
Legal fees
Other governance costs
Independent examiner fees
Examination of the financial statements
Legal fees
Other governance costs
**8 Net incoming/outgoing resources**
Net incoming resources for the year include:
Depreciation of fixed assets|**Unrestricted**
**funds**
**General**
**£**
300
332
810
1,442
**Unrestricted**
**funds**
**General**
**£**
468
361
1,260
2,089
**2024**
**£**
43|**Total**
**2024**
**£**
300
332
810|
|---|---|---|
|||1,442|
|||**Total**
**2023**
**£**
468
361
1,260|
|||2,089|
|||**2023**
**£**
53|
Page 16
## **The Crowborough Weald Gospel Trust**
## **Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)**
## **9 Trustees remuneration and expenses**
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
Donations made by the trustees without any conditions attached totalled £2,050 for the year (2023 - £50).
## **10Independent examiner's remuneration**
||||||**2024**|**2023**|
|---|---|---|---|---|---|---|
||||||**£**|**£**|
|Examination|of|the|financial|statements|300|468|
## **11Taxation**
The charity is a registered charity and is therefore exempt from taxation.
## **12Tangible fixed assets**
|**Cost**
At 1 April 2023
At 31 March 2024
**Depreciation**
At 1 April 2023
Charge for the year
At 31 March 2024
**Net book value**
At 31 March 2024
At 31 March 2023|**Furniture**
**and**
**equipment**
**£**
329
329
118
43
161
168
211|**Total**
**£**
329|
|---|---|---|
|||329|
|||118
43|
|||161|
|||168|
|||211|
Page 17
## **The Crowborough Weald Gospel Trust**
## **Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)**
## **13Fixed asset investments**
## **Investment properties**
## **Investment properties £**
## **Cost or Valuation**
At 1 April 2023 350,440 **Provision** At 31 March 2024 - **Net book value** At 31 March 2024 350,440 At 31 March 2023 350,440
There has been no valuation of investment property by an independent valuer.
## **14Debtors**
|**14Debtors**|||
|---|---|---|
|Prepayments
Other debtors|**2024**
**£**
89
2,215
2,304|**2023**
**£**
554
1,122|
|||1,676|
## **15Cash and cash equivalents**
Cash at bank
|**2024**
**£**
116,270|**2023**
**£**
80,869|
|---|---|
## **16Creditors: amounts falling due within one year**
|Trade creditors
Accruals
Deferred income|**2024**
**£**
68
300
587
955|**2023**
**£**
851
375
587|
|---|---|---|
|||1,813|
Page 18
## **The Crowborough Weald Gospel Trust**
## **Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)**
## **17Funds**
|**17Funds**|||||
|---|---|---|---|---|
|**Unrestricted funds**
General
**Unrestricted funds**
General|**Balance at 1**
**April 2023**
**£**
431,383
**Balance at 1**
**April 2022**
**£**
415,514|**Incoming**
**resources**
**£**
44,149
**Incoming**
**resources**
**£**
25,342|**Resources**
**expended**
**£**
(7,305)
**Resources**
**expended**
**£**
(9,473)|**Balance at**
**31 March**
**2024**
**£**
468,227|
|||||**Balance at**
**31 March**
**2023**
**£**
431,383|
## **18Analysis of net assets between funds**
|**18Analysis of net assets between funds**|||
|---|---|---|
|Tangible fixed assets
Fixed asset investments
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Fixed asset investments
Current assets
Current liabilities
Total net assets|**Unrestricted**
**funds**
**General**
**£**
168
350,440
118,574
(955)
468,227
**Unrestricted**
**funds**
**General**
**£**
211
350,440
82,545
(1,813)
431,383|**Total funds**
**at 31 March**
**2024**
**£**
168
350,440
118,574
(955)|
|||468,227|
|||**Total funds**
**at 31 March**
**2023**
**£**
211
350,440
82,545
(1,813)|
|||431,383|
## **19Related party transactions**
There were no related party transactions in the year.
Page 19
## **The Crowborough Weald Gospel Trust**
## **Detailed Statement of Financial Activities for the Year Ended 31 March 2024**
|**Income and Endowments from:**
Donations and legacies (analysed below)
Investment income (analysed below)
Total income
**Expenditure on:**
Raising funds (analysed below)
Charitable activities (analysed below)
Total expenditure
Net income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward|**Total**
**2024**
**£**
27,349
16,800
44,149
(4,991)
(2,314)
(7,305)
36,844
36,844
431,383
468,227|**Total**
**2023**
**£**
9,062
16,280|
|---|---|---|
|||25,342|
|||(4,171)
(5,302)|
|||(9,473)|
|||15,869|
|||15,869
415,514|
|||431,383|
This page does not form part of the statutory financial statements. Page 20
## **The Crowborough Weald Gospel Trust**
## **Detailed Statement of Financial Activities for the Year Ended 31 March 2024 (continued)**
|Appeals and donations
Gift Aid tax reclaimed
Donated services
Rental income
Other interest receivable
Depreciation of plant and machinery
Property repairs and maintenance
Bank charges
Insurance
Computer software and maintenance costs
Property agent fees
Entertaining (disallowable for tax)
Consultancy fees
Architect fees
Bank charges
Computer software and maintenance costs
Independent examiner's fee
Legal and professional fees
Accountancy fees|**Total**
**2024**
**£**
25,372
1,092
885
27,349
16,800
-
16,800
(43)
(1,599)
(32)
(264)
(77)
(2,976)
(4,991)
-
-
(696)
(52)
(124)
(300)
(332)
(810)
(2,314)|**Total**
**2023**
**£**
6,680
1,122
1,260|
|---|---|---|
|||9,062|
|||16,279
1|
|||16,280|
|||(52)
(708)
(56)
(240)
(184)
(2,931)|
|||(4,171)|
|||(61)
(62)
(3,090)
-
-
(468)
(361)
(1,260)|
|||(5,302)|
This page does not form part of the statutory financial statements. Page 21