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and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.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
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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
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