| Report ofthe Trustees | ||||
|---|---|---|---|---|
| Independent Examiner's Report |
||||
| Statement ofFinandal | Activities | |||
| Balance Sheet | ||||
| Notes to the Financial | Statements | 5 | to | 8 |
| Detailed Statement of | Financial Activities |
| Unrestricte | |||
|---|---|---|---|
| fund | |||
| Notes | |||
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies |
33,276 | ||
| Investment income |
|||
| Total | 33,282 | ||
| EXPENDITURE | ON | ||
| Raising funds | 5,134 | ||
| Other | 11,698 | ||
| Total | 16,832 | ||
| NET INCOME | 16,450 | ||
| Other recognised | gains/(losses) | ||
| Gains on revaluation offixed assets |
34,997 | ||
| Net movement in |
funds | 51,447 | |
| TOTAL FUNDS | CARRIED FORWARD | 51,447 |
| 50,165 | ||
|---|---|---|
| CREDITORS | ||
| Amaunts ddgng due sdthht ane year |
||
| MET CURRENT ASSETS | ||
| CREDlTORS | ||
| Amounts faBing dne alter mare dern ane year |
T | |
| Bi„44y | ||
| Sl,44T |
| TANGIBLE FIX | EDASSETS | ||||
|---|---|---|---|---|---|
| Freehold | Plant and | ||||
| property | machinery | Totals | |||
| 6 | |||||
| COST OR VALUATION | |||||
| Additions | 165,003 | 2,480 | 167,483 | ||
| Revaluations | 34,997 | 34,997 | |||
| At 31March 2023 | 200,000 | 2,480 | 202,480 | ||
| NET BOOK VALUE | |||||
| At 31March 2023 | 200,000 | 2,480 | 202,480 | ||
| Cost orvaluation | at 31March 2023 is represented | by: | |||
| Freehold | Plant and | ||||
| property | machinery | Totals | |||
| 6 | |||||
| Valuation in 0 |
165,003 | 2,480 | 167,483 | ||
| Valuation in 0 |
34,997 | 34,997 | |||
| 200,000 | 2,480 | 202,480 | |||
| CASH AT BANK | |||||
| Total | |||||
| funds | |||||
| 6 | |||||
| Bank account no. | I | 3,625 | |||
| Bank deposit account | 4,006 | ||||
| PCU Deposit Account | 42,534 | ||||
| Total | 50,165 |
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
|---|---|---|---|
| Bank loans and overdratts (see note 8) |
20,880 | ||
| Accrued expenses | 650 | ||
| 21,530 | |||
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||
| Bank loans (see note 8) | 124,412 | ||
| Accruals and deferred income | 55,256 | ||
| 179,668 | |||
| LOANS | |||
| An analysis ofthe maturity ofloans is given below: | |||
| Amounts falling due within one year on demand: |
|||
| Bank loans | 20,880 | ||
| Amounts falling due in more than five years: |
|||
| Repayable otherwise than by instalments: |
|||
| Pentecostal Credit Union Loan |
124,412 | ||
| 9. | MOVEMENT IN FUNDS | ||
| Net | |||
| movement | At | ||
| in funds | 31.3.23 | ||
| Unrestricted funds |
|||
| General fund | 51,447 | 51,447 | |
| TOTAL FUNDS | 51,447 | 51,447 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| Unrestricted | funds | ||||
| General fund | 33,282 | (16,832) | 34,997 | 51,447 | |
| TOTAL PUNDS | 33,282 | (16,832) | 34,997 | 51,447 |
| INCOME AND ENDOWMENTS | |
|---|---|
| Donations and legacies | |
| Tithes and Offerings | 33,276 |
| Investment income |
|
| Deposit account interest | |
| Total incoming resources | 33,282 |
| EXPENDITURE | |
| Raising donations and legacies Rates and water |
117 |
| Insurance | 1,025 |
| Light and heat | 2,689 |
| Telephone Postage and stationery |
670 97 |
| Sundries/DBS Checks |
30 |
| Repairs and renewals Subscriptions |
240 89 |
| Books | 100 |
| Flowers | 67 |
| Members fees PCU | 10 |
| 5,134 | |
| Support costs | |
| Finance | |
| Loan interest | 2,472 |
| Governance costs |
|
| Accountancy fees Legal fees |
650 8,576 |
| 9,226 | |
| Total resources expended | 16,832 |
| Net income | 16,450 |