Hope Community Church Alntree Charity No. 1198709 Trustees, Report and Unaudited Accounts 310ecember 2023
Hope Communlty Church Aintree Contents Pages Trustees. Annual Report Independent Examiner's Report Statement of Financial Artivitie5 Ito7 Balance Sheet io Notes to the Accounts Ilto19 Page I
Trustees Report 2023 Overall Summary: The church continued to offer Sunday worship with a rich range of Biblical teachin& sung worshlp and sacraments. Midweek attivities to help people knowjesus more continued and grew, including in ouryouth and children's groups. Community focussed work continued through 2023 to serve the local community of Aintree Village, both a5 church outreach and to Serve the needs of those locallv. The process of transitioning to a Charitable Incorporated Organisation (Charity No: 1198709) was completed on I, March 2023 with all assets and liabilities transferring on that date. The unincorporated charity (Charity No.. 11456631 was closed by merging with the CIO and was registered th as a mer8er wlth the Charitles Commisslon on 28 December 2023. All stakeholders have been informed and there has been no gap in service. SECTION A- Reference and admlnlstratlon detalls Hope Community Church Aintree CIO Registered Charity Number- 1198709 11, Aintree Lane. Aintree. Liverpool LIO 21J The Leadershlp Team, who are the Elders of the church and charitytrustees, are named as follows: Rev. Lee Jennings (Minister & Chair of Tru5tee51 to 22. October 2023 Sue Cropper Myra Doddridge- Chair from 23rd October 2023 Dave Robertson Howard Turpin Chris Wells Non-trustee officers: Treasurer- Brian Cole Secretary: Ruth Nuttall SECtION B- Structure, governance and rnana8ement Hope Community Church Aintree is a Charitable Incorporated Organisation, governed bv constltution. Trustees are appointed by the church membership. nd The church employs- Minister If.t.I resigned 22 (ktober 2023, Centre Manager Ip.t.) and Children and Youth Worker If.t.I resigned 31" July 2023. The role of Minister and Children and Youth Leader are vacant as at 31 December 2023 and HCCA are actively recruiting. The majority of activitles that take place within the church are led by volunteers.
The primary focus of the charity is the running of a local church congre8ation. Hope Community Church Aintree is part of the Baptlsi Union of Great Britain I'Baptists Togetherfl in the North Western Baptist Association. The church is additionally a member of the Evangelical Alliance. SECTION C- Objectives and artlvltles The objects of the charity are: 31 To advance the Christian faith in accordance with the statement of bellefs in the constitution. bl Such charitable purposes for the public benefit as are exclusively charitable according to the laws of England and Wales asthe trustees may from time to time determine. The charity aims to achieve its objerts through the followin8 activities: al Activityto promote/improve the physical. emotional and spirftual health of the community. bl Children'slyoung people's activities to enable moral and spiritual development. cl Offer the community a focal pointlmeeting place, specifically elderlyldisadvanta8ed. d) To enhance local services by atting as a base for other providers. el To ensure sustainability of the centre by attracting financial support. In settin8 our objectives and plannin8 our activities the trustee5 have 8iven careful consideration to the Charity Commission's guidance on public benefit. Summary of the main activities undertaken: Sunda Worshi Church attendance has been increasing in 2023 and we have a congregation of varlous nationalities including India, South Sudan and more recently Iran. Our services continue to run on Zoom on Sunday mornings allowing those who live further afield, are ill or unable to attend to be part of our church family. Pastoral Care and Dlscl leshi Six midweek 'small 8roup5' offer Space for congregation members to explore the Sunday sermon Bible passages in a discussion and prayer based context. Activlties for men and women are organised respectivelyi including breakfast5, walks, visits to conferences. Pastor31 care takes place through small groups, by individuals visltlng or telephoning others, weekly newsletters being posted, and the Minister and Elders spending time wlth those facing difficult circumstances as required.
Outreach: The thurch continued to organise a range of tommunity focussed attivities to both serve the local community andlor to offer a place for the Christian faith to be shared in word or deed. We started a "Say One for Me" project which encourages anyone who needs prayer to fill in a card and pop tt in a post box specially desi8ned for them, then the church undertakes to pray for those who've requested it. We currently have cards and post boxes outside church and in two local pubs and the re5pon5e has been really good. The church has continued to run a weekly parents and toddler group 'Hope Tots,. The group has been in high demand, with a large waitin8 list. Knit and Natter ran fortnightly throughout the year, giving space mainly for the retired to knit or to talk and listen: numbers have been consistently good for this group. Café Hope has been well utilised by members of the local community. 50% of the volunteer staff team for Café Hope during 2023 were members of the local community wlth no prior connection to the church. This has proved a good initiative for helpin8 Wlth people's mental health and having an activity to be part of. The church continues to host and run the Aintree Village Food Share, a local, independent food bank, on behalf of the Churches Together in Aintree Village. As well as offering a drop-in collection service, food is distributed in partnership with "Safe Families". Requests for supplies vla email or telephone are always responded to. Wider Ministr The church has continued to actively support chaplaincy in local prisons and has a number of people who volunteer with Prison Fellowship to run 'Sycamore Tree, courses in two local prisons. The church has supported the followlng projects by collecting Items of food, clothing or toys: An8el Tree {Prison Fellowshipl, Shoeboxes1Samaritans Purse), Christmas presents for seafarers visiting the Port of Llverpool (Maritime Christian Minlstriesl. The church continues to enjoy a good relationship with the Chaplaincy department at the local h05Pltal, where one of the church members is employed as a chaplain. The church has continued the ongoing relationship and financial support of overseas mission in India, Romania and vla the Baptist Missionary Society. Youth and Childrens Work: Impact Iteenagersl have thelr own group on a Sunday mornlng on Blble themes which encoura8es questions and discussion. In partnership with Liverpool Youth for Christ, a youth drDP-in café was open on a Thursday after school offerlng hot chocolate, snacks and games. Ho e Kids (Primary age Sunday school): this group grew and we had more helpers. Teaching ha5 included the parables of Jesus, focussin8 on the Christian way of life and kingdom thinking.
Also for primary age children, we run a LEGO club once a month where the children take part in buildln8 LEGO models, havin8 a Bible study on the Big screen and sharing in a meal together. This is well attended. We also have a Llght Party once a year as an alternative to Halloween. This is also great fun and well attended. 3. Communlty Actlvltles: Church Communlt Relations: Good relationships with the local communlty contlnued, with both informal relationships, jointly organised activities. the church servlng the community and the church taking part in activities organised by the community. Along with K&K Butchers and Petrlchor. the church hosted three afternoon tea events at Christmas for the retired. The church was invited to be part of the Aintree Village Christmas Llghts switch on once again, singing carols and providingthe PA system for the event. A good relationship with Aintree Davenhill Primary School has been maintained. with the Minister and Youth and Childrens Worker invited to take RE lessons, Easter, Harvest and Christmas Assemblie5. This work has paused awaiting the appointment of a Minister and Youth and Children's Leader. The church is part of the active, Aintree Vllla8e Churches To8ether; the minister coordinates the gathering of local ministers for prayer and discussion, and a small number of joint events too place thss year, including- outdoor Ash Wednesday prayers and blessin& Good Friday Walk of Wltness. External Grou A good relationship has been maintained through the year with existing room hire tenants who are Seing the local community; this includes Slimming World, Stroke Association, Alzheimerfs Society, a Kidney Cancer Support Group and Local Solutions Carerfs drop-in, as well as occasional one off or irregular hirers of the building. All building hirers are those servingthe community in some way, such as groups supportin8 local carers or those with dementia. The venue was used for a celebration fun- day by local children's charity YKids, Liverpool Youth for Christ are provided with storage and regular office space at HCCA. 4. Bulldln8 and Grounds Malntenance Once a8ain, regular maintenance and 'one lar8er jobs have been undertaken by our team of volunteers, who each give (at least) half a day per week to work on the presentation of the grounds and building. HCCA has benefitted from financial 8rant5 from PH Holt, Benefact Trust and Veolia enabling the heating system to be adapted to reduce carbon footprint and save energy. Regular buildlng maintenance is undertaken by a team of volunteers. to whom we express our thanks.
- Finance Revlew During the year the church moved from a Registered CharSty to a Charitable Incorporated Organisation (CIO) with a Transitlon Date of I, March 2023. Following verbal advice from the Chartty Commission this review and the Flnancial Statements are a composite of the full activity of the church during 2023. The Charity wa5 closed and merged wtth the CIO in December 2023. Our current bankers, Santander, refused to open new accounts for the CIO and thus we transferred our banking to The Co-operative Bank which meets all our requirements and provides significantly better Interest Rates on our Saving5 accounts. We operate a current account with The Co-operative Bank together with both an Instant Access and 3 95-day notlce Deposlt Account. The total Income received during the year was £178.408 which includes Restricted donations of £20,471 of which £14,050 is to be used towards modifications to our gas-fired heating system to allow zonal control of the building. Further details of the Restrirted donations are detailed in the Financial Statements. Glft Alded 8ivin8 increased by 13% whilst Donations (excludin8 Restricted donatlonsl reduced by 4% and Room Hire by 24%. The total expenditure during the year was £190,487 which included Mission gifts of £12,356 as we seek adhere to the scrlptural injunctlon to 'tlthe' our general income. These Mission gifts are used to support mi55ional activitie5 in the country and also to support church Pastors in both India and Romanla. The net result forthe year was an overall deficit of £12.079 which. when compared with a budgeted 1055 of £7,455, shows a negative difference of £4,624. The main reason for this difference is depreciation charges less a saving of budgeted employee costs due to the resignation of both our Minister (who was called by God to another field of service) and our Children and Youth Worker who came to the end of his contract and relocated to another part of the country following hls wedding. Reserves Pollcy HCCA currently maintains a Reserve Fund which is held in a 95-day deposlt account with The Co- operative Bank together with other surplus funds. The trustees receive a rnonthly financial update which clearly identifies the Reserve Fund balance. The trustee5 have agreed to maintain a sum of money in the Reserve Fund approximately equivalent to three Months of the budgeted establishment salary costs.
The potential financial risks to the organisation could be {al inability to secure the projected Grant Income, Ib} reduction in church family donations potentially resulting in staff redundancy payments and Icl the costs associated with providing a new flat roof. The trustee5 have considered these risks and are confident that the size of the Reserve Fund will financially protert the organisation and allow it sutte5sfully to achieve its aims for the current year. This Reserve Policy is reviewed annually in January. Signed on behalf of the trustÈes: Myra t)oddridge Chalr of Trustees
Hope Cammunlty Churth Aintree Independent E¥amine¥s Report Independent Examlnerfs Report to the trustees of Hope Communlty Church Aintree I report to the charity trustees on my examination of the financial statements of Hope Community Church Alntree for the year ended 31 December 2023 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes. Responsibllltles and bas1$ of report As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charitie5 Act 20111'the 2011 Act'l. I report in respect of my examination of the Hope Community Church Aintree accounts as carried out under sertion 145 of the Charities Act 20111'the 2011 Act'l. In carrying out my examination I have followed the DiTections given by the Charity Commission under section 145ISllbl of the 2011 Act. Independent examlnerfs statement I have completed my examination. I can confirm that no materlal matters have come to my attention in connection with the examination giving me cause to believe that.. accounting records were not kept in accordance with section 130 of the 2011 Act- or the accounts do not accord with those records: or the accounts do not comply with the applicable requirements concernlng the form and content of accounts set out in ihe Charities (accounts and reportsl regulations 2008 other than and requirement that the accounts give a 'true and fair, view, which is not a matter considered as part of an independent examinatlon. I have no concern5 and have come across no other m3tter5 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. lan Wright Chartered Accountant Sefton Council for Voluntary Service Burlington House Crosby Road North Waterloo Liverpool L22 OLG 11 July 2024 Page 8
Hope Community Churth Aintree Ststement of Financial Actlvities for the yeor ended 31 De¢ember 2023 Unrestrlcted fund5 2023 Restrlcted fund5 Total funds Total funds 2023 2023 2022 Notes Income and endowrnents from: Donations and legacies Charitable artivities Investments 128,834 28,224 879 20,471 149,305 28,224 879 141,720 27,937 87 Totsl 157.937 20.471 178,408 169,744 Expenditure on: Charitable activities 167.332 23.155 190,487 158,321 Totsl 167.332 23.155 190,487 158,321 Net galns on Investments Net lexpenditure}lin¢ome Transfers between funds 19,3951 12,6841 112,0791 11,423 Net (expenditu1/1ncDrne before other galnslllossesl 19.3951 12,6841 112,0791 11,423 Net movement in fuTKIs 19,3951 12,6841 112.0791 11,423 Re¢ondllatlon ol funds: Total funds brought forward 398,008 7,958 405,966 394,543 Totsl funds carrled forward 388,613 5,274 393,887 405,966 Page 9
Hope Comrnunrty Church Aintree Balance Sheet at 31 December 2023 Charity No. 1198709 Ilotes 2023 2022 Flxed assets T3ngible assets li 408.916 408,916 426,744 426,744 Current assets Debtors Cash at bank and in hand 12 240 536 69,030 69,566 13441 69,222 75,075 75,315 15,3441 69,971 Credltors: Amount falling due within one year Net current assets 13 Total assets le55 current liabilitie5 478,887 495,966 190,0001 405,966 Credltors: Amounts falling due after more than one year Net assets excluding pen51on asset or Ilabillty 14 18S,0001 393,887 Total net assets 393,887 405,966 The funds of the charity Restricted funds Restricted income funds 15 5,274 5,274 7,958 7,958 Unrestrlrted fund$ General funds Designated funds 15 138,930) 427,543 149,5051 447,513 388,613 398,008 Reserves 15 Total funds 393.887 405,966 Approved by the board on 11 july 2024 And signed on its behalf bv: M. Doddrid8e Trustee 11 July 2024 Page 10
lope Communily Church Alntree Notes to the At¢ounts forthe year ended 31 December 2023 l Accountlng polldes Ba$ls of preparation The financial statements have been prepared in accordance with the Charitie5 SORP "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financi31 Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" (effective l January 20191. The charity meets the definition of a public benefit entity under FRS 102. Assets and lièbilities are initially reco8nized at historltal cost or transartion value unless otherwise stated in the relevant accounting policy note. The functional currency used is the £ Sterling. Preparatlon of the accounts on a 8olng concern basls At the time of approving the accounts, the trustees, have a reasonable expectation that the Charity has adequate resource5 to continue in operational existence for the for5eeable future. As such these accounts have been prepared under the golng concern basls. Change In basls of a¢¢ountln8 or to prevk*us accounts There has been no change to the accountinB policies (valuation rules and method of accountlngl slnce last year and no changes have been made to actotjnts for prevlous years. Fund accounting Unrestricted funds These are availablè for use at the discretion of the trusteès in furtherance of the general objerts of the charity. These are unrestricted funds earmarked by the trustees for particular purposes. These are unrestricted funds which Include a revaluation reserve representing the restatement of Investment assets at their market values. These are available for LFse subjett to restrietions imposed by the donor or through term5 of an appeal. Designated funds Revaluation funds Restrirted funds Page 11
Hope Community Church Aintree Notes to the Auounts Income Recognition of income Income is included in the Statement of Financial Activitle5 ISOFAI when the charity becomes entitled to, and virtually ¢ertain to receive. the income and the amount of the income can be measured with sufficient reliability. Income with related Where income ha5 related expenditure the income and related expenditure is expenditure reported gross in the SOFA. Donations and legacies Voluntsry income received by way of grants, donations and gsfts is included in the the SOFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims 15 included in the SOFA at the same time as the donations and glfts glftldonation to whlch It relates. Donated services These are only included in income (with an equwalent amount In expendlturel and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment Income Thlsls Included In the accounts when receivable. Galns1110ssesl on This includes any gain or loss resulting from valu1n investments to market value revaluation of fixed at the end of the year. assets Gainslllossesl on investment assets This includes any galn or loss on the sale of investments. Expendlture Recognition of expenditure Expendlture is recognised on an atcruals basis. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relatès. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charlty in the delivery of its activities and ¢haritsble activities services in the furtherance of its objerts, including the making of grants and governance costs. 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 of the year but not yet paid. These include those costs associated with meeting the constitutional and ststutory requirements of the Charity, including any auditlindependent examination fees, costs linked to the strategic management of the Charity, together with a share of other admlnistration costs. These are support cost5 not allocated to a particular attivity. Grants payable Governance cost5 Other expenditure Taxation The charity is exempt from Corporation tax on its charitable activities. Page 12
Hope Communlty Church Aintree Notes to the Accounts Tan8lble lixed asset$ and depre¢latlon Depreciation is provided at the following annual rates in older to write off each a55et over its estimated Useful Ilfe- Freehold property Equipment 2% straight line 20% straight line Fixture5 and fittings 25% straiBht line Trade and other debtor5 Trade and other debtors are recognlsed at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash and cash equlvalents Cash and cash equivalents comprise cash at bank and on hand, demand deposits with bank5 and other short-term hiBhly liquid investments with original maturitie5 of three month5 or less and bank overdrafts. In the statement of financial position. bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management. Trade and other creditor5 Short term creditors are measured at the transaction prlce. Other creditors and provisions are recognised where the charlty has a present obligatlon resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated liably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade dlstounts due. Pen51on Costs The charity operates a defined contributlon plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company hès no further payments obligations. The contribLrtions are recognised a5 expenses when they fall due. Amount5 not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds. 2 Company status The charity is a Charitsble Incorporated Organisation. Page 13
Hope Community Church Aintree Notes to the Accounts 3 Statement of Financial Activities- prior Year Vnrestrlcted fund5 2022 Restrlcted fund5 Total fvnds 2022 2022 Income and endowments from: Donations and legacies Charitable attivities 129,540 27,937 87 12,180 141,720 27,937 87 Investments Total 157,564 12.180 169,744 Expenditure on: Charitable activities 145,325 12,996 158,321 Total 145,325 12,996 158,321 Net income 12,239 18161 11,423 Net income before other galnslllosses) Other galns and105ses: Net movement in funds 12,239 18161 11,423 12.239 18161 11,423 Reconclllatlon of funds: Total funds brought forward Total fund5 carrled forward 385,769 8.774 394,543 398,008 7.958 405.966 4 Income from donation5 and legacies Unrestricted Restricted Total Total 2023 2022 OfferinBS Gift Aid recovered 86.018 20,774 22,042 128.834 86,018 20.774 42,513 149,305 97.394 18,367 25,959 141,720 Grants and Donatlons 20,471 20,471 5 Income from Charitse activities Unre51rirted Total 2023 Total 2022 Cafe Hope Room hire 18,473 7,714 2,037 28,224 18,473 7,714 2,037 28,224 17,212 10,600 125 Other 27,937 Page 14
Hope Communlty Church Aintree Notes to the Accounts 6 Ineome from Investments Unrestrirted Total 2023 Total 2022 Interest receivable 879 879 87 879 879 87 7 Expenditure on charitable activltl05 Unrestricted Restricted Total 2023 Total 2022 Expenditure on charitable activities Church activities 149,566 14,491 23,155 172,721 14,491 142,227 11.996 Cafe Hope Support Costs Office costs 2,271 344 2,271 344 3,081 344 Independent Examination Legal 660 660 673 167,332 23,155 190,487 158,321 8 Net lexpendrturellincome before translers 2023 2022 This 15 Stated after charging.. Depreciation of owned fixed assets Independent Examiner's fee 20,505 344 19,456 344 9 Trustee remuneration and expenses One or more of the trustees has been paid remuneration in the current or piior periods. Other beneffts 2,731 Trustee Remuneratlon Penslon L.D, Jenning5 27,371 2,382 2023 2022 Number Number Total employee benefits received by trustees 32,484 39,340 Page 15
Hope CommunSty Church Aintree Notes to the Accounts io stsff costs 2023 2022 69,559 Salarie5 and wages Social security cost5 Pension costs 56,617 1.458 4,163 62,238 4.376 75,419 No employee received emoluments In excess of £60,000. The average monthly number of full tlme equlvalent employees durlng the year wa5 as follows: 2023 Number 2022 Number Ministry Administration Children's Work 11 Tanglble fixed •sset$ Land and bulldlngs Flxtures and fittings Equipment Total Cost or reValu10n At l January 2023 Additions At 31 December 2023 Depreclatlon and impairment At l January 2023 Depreciatlon charge for the year At 31 December 2023 748,491 19.135 2.677 21,812 66.446 834,072 2,677 836,749 748.491 66,446 331.698 16,318 59,312 407,328 14,970 2,749 2,786 20,505 346,668 19.067 62,098 427,833 Net book value5 At 31 December 2023 At 31 December 2022 401,823 416.793 2,745 2,817 4,348 7,134 408,916 426,744 12 Debtors 2023 2022 Trade debtors 240 536 240 536 Page 16
Hope Community Church Aintree Notes to the Accounts 13 Credltors: amounts falling due within one year 2023 2022 Other loans Accruals 5,000 344 344 344 5,344 We agreed with the Baptist Union that, to compensate for the significant increase in utility costs, we would not make a loan repayment of the Strategic Loan in 2023. This would normally have been £5.OCII payable in September 2023. 14 Credltors: amounts falling duè after more than one year 2023 2022 Other loans 85.000 85,000 90,000 90,000 Llabilities repayable in more than five years after the balance sheet date Amount repayable by instalments 60,000 60,000 60,IX)O 60,000 We agreed with the Baptist Unlon that, to compensate for the significant increase in utility costs, we would not rnake a loan repayment of the Strategic Loan in 2023. This would normally have been £5,000 payable in September 2023. Page 17
Hope Community Church Aintree Notes to the AOUnts 15 Movement in fvnds Incomlng resources At31 December 2023 Ilncluding other At l January 2023 galnsllossesl Re50urce5 expended Gross transfers Restrlrted lunds.. Restrlrted Inme funds: Foodbank In memorlam Sylvla Grlsedale John Mooros Foundation Merseyside Cafe Hope tips St Christopher Horne Trust PHHolt Anonymous Benefact Trust Veolia All Chur¢hes Trust Maxwell Hodge 328 11161 212 600 3,000 623 13.0001 17451 1131 {2,0001 12,4121 12,3001 19,7501 12,8191 851 729 575 588 2,000 5,000 2,300 9,750 2,588 2,819 570 570 Totol 7,958 20,471 123,1551 5,274 Unre5trlcted funds: General funds 149,5051 157,937 1167,3321 19,970 138,9301 Designated funds: Reserves 20,769 426,744 20,769 406,774 Fixed A55et Fund 119.9701 119,9701 Totol 447,513 427.543 Total funds 405.966 178.408 1190.4871 393,887 Purposes and restrictlons in relation to the funds: Restrlcted funds.. Foodbank Foodbank In memoriam Sylvia Grisedale John Moores Foundation Merseyside Cafe Hope tips St Christopher Home Trust PHHolt Anonymous Benefact Trust Fun Day Centre Manager's salary As agreed with Cafe Hope staff Family Friendly Cafe Heating modifications Pastor/Youth Leader Worker recruitment and expenses Energy saving measures Page 18
Hope Community Church Alntree Notes to the Accounts Veolla Energy saving measures Digital distipleship Foodbank All Churches Trust Maxwell Hodge Designated funds: Reserves Three month5, payroll costs Net book value of fixed assets Fixed Asset Fund 16 Anatysls of net assets between fund5 Unrestrl¢ted funds Restrfrted fund5 Totsl Fixed assets Net current assets Creditors due in more than one year and provisions 408.916 64,697 408,916 69,971 5,274 185,OCQI 185,0001 388,613 5,274 393,887 17 Recondliation of net cash I (net debt} At31 At l January 2023 December 2023 Cash flows Cash and cash equivalents 69,030 69,030 190,0001 190,0001 6,045 6,045 75,075 75,075 Borrowings 190,0001 190,0001 Net cash I (net debtl 120,9701 6,045 114.9251 FRS 102 requires an entity to report changes in net debt in the accounting period. 18 Commltments Pen51on commltments 2023 2022 The pension cost charge to the charity amounted to: 4,163 4,376 19 Related party disdosures 2023 2022 Tran5artlon5 With related parties Donations received from trustees 11,030 10.806 Controlllng party The charity 15 managed by the trustees. Page 19