WOMEN AT THE WELL OF LIVING WATERS STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31 JULY 2023
WOMEN AT THE WELL OF LIVING WATERS INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 JULY 2023
| NOTE INCOME Income from Donors 3a Other Voluntary Income 3b Income from Charities & Ancillary Trading 3c Income from Weddings & Funerals Income from Investments 3d TOTAL INCOME EXPENDITURE Grants 4a Activities directly relating to the work of theCharity 4b Charity Management and Administration 4c TOTAL EXPENDITURE NET INCOME (-EXPENDITURE) FOR THE YEAR Balance at1stAugust 2022 Balance at 31st July 2023 |
UNRESTRICTED FUNDS RESTRICTED FUNDS TOTAL 2,275 2,275 9,800 9,800 £ 12,075 £ £ 12,075 21,390 21,390 £ 21,390 £ 21,390 -9315 -9315 700 £ £ 700 £ -8615 £ £ -8615 |
UNRESTRICTED FUNDS RESTRICTED FUNDS TOTAL 2,275 2,275 9,800 9,800 £ 12,075 £ £ 12,075 21,390 21,390 £ 21,390 £ 21,390 -9315 -9315 700 £ £ 700 £ -8615 £ £ -8615 |
TOTAL 2,275 9,800 |
|---|---|---|---|
| £ £ |
|||
| 12,075 | |||
| 21,390 | |||
| -9315 700 |
|||
| £ | -8615 |
The notes on pages 3 to 7 form part of these accounts
1
WOMEN AT THE WELL OF LIVING WATERS
| BALANCE SHEET ASAT 31 JULY 2023 CURRENT ASSETS Debtors Bank and Cash accounts LESS: CREDITORS Amounts falling due within one year REPRESENTED BY: FUNDS Unrestricted Restricted Approved by the Charity Trustees on and signed on its behalf ,by Jessica Edmund |
NOTE 5 6 7 ………… |
2023 £ 975 975 9590 £ -8615 -8615 £ -8615 ……………………………… ……………………… |
2022 £ 700 700 £ 700 700 £ 700 .. ………………….. |
|---|---|---|---|
The notes on pages 3 to 7 form part of these accounts.
2
WOMAN AT THE WELL OF LIVING WATERS NOTES TO THE ACCOUNTS FOR THE YEARENDED 31 JULY 2023
1. ACCOUNTING POLICIES
Basis of preparation of financial statements The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and Charities Act 2011
FUNDS
General funds represent the funds of the W@LW that are not subject to any restrictions regarding their use and are available for application on the general purposes of the W@LW. Funds designated for a particular purpose by the W@LW are also unrestricted.
INCOMING RESOURCES
Voluntary Income and Capital Sources
Collections are recognized when received by or on behalf of the W@LW.
Planned giving receivable under covenant is recognised only when received.
Income tax recoverable on covenants or gift aid donations is included when the income is recognised.
Grants and legacies to the W@LW are accounted for as soon as the W@LW is notified of its legal entitlement and the amount due.
Funds raised by the KING’S CORONATION, BBQ, Village Show, Quiz Night and similar events are accounted for gross.
Other Ordinary Income
Rental income from the letting of the Charity premises is recognised when the rental is due.
Income from Investments
Dividends and interest are accounted for when received.
RESOURCES USED
Grants
Grants and donations are accounted for when paid over or when awarded.
Activities directly relating to the work of the Charity
The Diocesan quota is accounted for when payable. Any quota unpaid at the yearend is provided for in these accounts as an operational (though nota legal) liability and is shown as a creditor in the Balance Sheet.
WOMEN AT THE WELL OF LIVING WATERS NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 JULY 2023
2. FIXED ASSETS
Consecrated land and building sand moveable charity furnishings
Consecrated and benefice property is excluded from the accounts by section 10(2)(b) of the Charities Act 2011.
No value is placed on moveable church furnishing held by the churchwardens on special trust for the W@LW and which require a faculty for disposal since the W@LW considers this to be inalienable property. All expenditure incurred during the year on consecrated or benefice buildings and moveable church furnishings, whether maintenance or improvement, is written off as expenditure in the Accounts.
4
WOMEN AT THE WELL OF LIVING WATERS NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 JULY 2023
| UNRESTRICTED FUNDS |
UNRESTRICTED FUNDS |
UNRESTRICTED FUNDS |
RESTRICTED FUNDS |
RESTRICTED FUNDS |
**TOTAL ** | **TOTAL ** | |
|---|---|---|---|---|---|---|---|
| £ | £ | ||||||
| 3.INCOME | |||||||
| a) Incoming Resources from Donors | |||||||
| Collections,Covenants and GiftAid | 2,275 | 2,275 | |||||
| Income Tax Refundable | |||||||
| 2,275 | 2,275 | ||||||
| b) Other Voluntary Incoming | |||||||
| Resources Donations/Grants | 9,800 | - | 9,800 | ||||
| Fund Raising Events | - | ||||||
| - | |||||||
| c)Income from Charitable and Ancillary | |||||||
| Trading & Weddings and Funerals | |||||||
| Weddings & Funerals | |||||||
| Villager Magazine | - | ||||||
| d)Income from Investments | |||||||
| Dividends and Interest | |||||||
| TOTAL INCOMING RESOURCES | £ | 12,075 | £ | £ | 12,075 |
5
WOMEN AT THE WELL OF LIVING WATERS NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 JULY 2023
| 4.EXPENDITURE a)Grants Donations made b)Activities Directly Relating totheWork of the Charity Rent 8,000 Senior’s Club 980 Youth Intervention 2,350 Charity Maintenance 1,390 Warm Space Girl’s Business 3,740 4,930 21,390 c)Charity Management and Administration Printing and Stationery Fundraising Expenses Licenses TOTAL RESOURCES USED £ 21,390 £ UNRESTRICTED FUNDS £ |
- - - £ RESTRICTED FUNDS £ |
8,000 980 2,350 1,390 4,930 3,740 21,390 21,390 TOTAL |
**TOTAL ** |
|---|---|---|---|
6
WOMAN AT THE WELL OF LIVING WATERS
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JULY 2023
----- Start of picture text -----
2023 2022
----- End of picture text -----
----- Start of picture text -----
5. DEBTORS
Income Tax Recoverable
6. BANK BALANCES
Unrestricted Funds:-
Metro Current account 975 700
Total unrestricted funds 975 700
Restricted Funds:-
Total restricted funds
975 700
7. CREDITORS
-
amounts falling due within one year
Unpaid Accountancy Fees 250
Loan from trustees 9,340
332333
9,590
----- End of picture text -----
7