The Charity Registration Number is :- 1202187
Eternity Downham
Market Report and
Accounts 30 September 2024
Eternity Downham Market
Report and accounts for the year ended 30 September 2024
Contents
| P | ||
|---|---|---|
| Charity information | 1 | |
| Trustees' Annual Report | 1 | |
| Statement of directors' | 5 | |
| responsibilities | ||
| Independent Accountant's | 6 | |
| Report | ||
| Funds Statements:- | ||
| Statement of Financial | ||
| Activities | ||
| Statement of Financial | ||
| Activities - Prior Year | ||
| statement | ||
| Movements in funds | ||
| Revenue Funds | 10 | |
| Fixed Asset funds | 10 | |
| Income and Expenditure | 11 | |
| account | ||
| Balance sheet | 12 | |
| Notes to the accounts | 13 |
Eternity Downham Market
Trustees' Annual Report for the year ended 30 September
The Trustees present their Report and Accounts for the year ended 30
Reference and administrative details
The charity name.
The legal name of the charity is:- Eternity Downham Market.
The charity's areas operation and UK charitable registration.
The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 1202187.
The charity does not operate in any overseas jurisdictions.
Legal structure of the charity
The charity is constituted as a Charitable Incorporated Organisation (CIO) in England & Wales. The governing document of the charity is the constitution of the CIO as approved by the Charity Commission in England & Wales (CCEW) . The governing document is dated 06 March 2023
There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law.
The trustees are all individuals.
The principal operating address, telephone number, email and web addresses of the charity
Sovereign Centre Trafalgar Industrial Estate, Sovereign Way Downham Market, PE38 9SW Telephone 1366384474 Email Address office@eternitydownham.co.uk Web address www.eternitydownham.co.uk
The Trustees in office on the date the report was approved were:-
Nicholas David Butt William John Clere Aaron St John Loxley-Beck
1
Eternity Downham Market
Trustees' Annual Report for the year ended 30 September
The following persons served as Trustees during the year ended 30 September 2024 :-
The trustees who served as a trustee in the reporting period were as shown above, and there were no changes during the year, or in the period between the year end and the approval of the accounts.
All the trustees are also members of the charity.
Objects and activities of the charity
The purposes of the charity as set out in its governing document.
The objects of the church are for the benefit of the public:
A) to advance the Christian faith in accordance with the statement in such ways and in such parts of the United Kingdom or the world as the church council from time to time may think fit;
B) to relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind including through the provision of counselling and support in such parts of the United Kingdom or the world as the church council from time to time think fit; and
C) to advance education in such ways and in such parts of the United Kingdom or the world as the church council from time to time may think fit
The main activities undertaken in relation to those purposes during the year.
Holding regular meetings and seperate men's and women's ministries.
Promoting worship, prayer and teaching and developing the use of the hall for
charitable purposes. The church successfully runs the local foodbank.
The main activities undertaken during the year to further the charity's purpose for the public benefit.
The charity brings the support of a church to those of the public who wish for it. It also supports other charitable institutions with grants.
The main asset of the charity, the hall, is available for use by the local
community. It also administrates the food bank facility for the Downham
Market area.
The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity.
2
Eternity Downham Market
Trustees' Annual Report for the year ended 30 September
The main achievements and performance of the charity during the year.
The church has maintained its congregation and its ministries and has successfully run the foodbank.
The difference the charity's performance during the year has made to the beneficiaries of the charity.
The charity has provided the beneficiaries with spiritual and emotional support and in the case of the foodbank nourishment.
The degree to which the achievements and performance during the year have benefited wider society.
The church benefits wider society by providing the foodbank for the local area and also hiring out its hall.
Structure, governance and management of the charity
The methods used to recruit and appoint new charity trustees.
Trustees are recruited from the congregation.
The trustees' bankers and advisors
Bankers Barclays Bank Plc. King's Lynn, Norfolk Solicitors Russen and Turner. 17 High Street, King's Lynn, Norfolk Accountan The Business Clinic Ltd, 12 St John's Way, St John's Business Estate, ts Downham Market, Norfolk
3
Eternity Downham Market
Trustees' Annual Report for the year ended 30 September
Financial review
The charity's financial position at the end of the year ended 30 September 2024
The financial position of the charity at 30 September 2024 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-
| Net income UnrestrictedRevenue Funds available the general purposes of the charity Designated Fixed Asset Funds Total Unrestricted Funds Restricted Revenue Funds Total Funds |
2024 £ (16,205) for 484,292 286,314 770,606 71,915 842,521 |
2023 £ 14,611 |
|---|---|---|
| 500,928 286,314 |
||
| 787,242 | ||
| 71,485 | ||
| 858,727 |
Financial review of the position at the reporting date, 30 September 2024 .
The trustees consider the financial performance by the charity during the year to have been satisfactory.
Policies on reserves.
The charity aims to maintain a minimum general reserve of at least £10,000 over the value of non- liquid assets as this is considered adequate for day to day transactions.
Availability and adequacy of assets of each of the funds
The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.
Details of The Independent Examiner
M Rawlinson
Member of Chartered Certified
Accountants First Floor, 12 St John's Way St John's Business Estate Downham
Market Norfolk PE38 0QQ
4
Statement of Trustees' Responsibilities
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), .
In particular, charity law requires the Trustees, if they prepare accounts on an accruals basis, to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Trustees are required to :-
-
prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
-
select suitable accounting policies and apply them consistently;
-
make judgements and estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business;
-
state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements;
The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year. The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with regulations made under the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the Independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that , on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.
This report was approved by the board of trustees on Date: 9[th] July 2025
X
WJ Clere Trustee
5
Eternity Downham Market
Report of the Independent Accountant to the Trustees of the charity on the accounts for the year ended 30 September 2024
We report on the financial statements of Eternity Downham Market for the year ended 30 September 2024, as set out on pages 7 to 27, which comprise the Statement of Financial Activities, the Income and Expenditure Account, the Balance Sheet and the related notes to the financial statements, including a summary of significant accounting policies. In our opinion, the accompanying financial statements of the charity are prepared, in all material respects, in accordance with charity law applicable within the jurisdiction of England & Wales and the accounts have been prepared in accordance with FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) under the historical cost convention, and in accordance with the accounting policies set out on page 13, which framework constitutes the applicable United Kingdom Generally Accepted Accounting Practice.
Respective responsibilities of the directors and the accountant
As described on page 5, you, the charity's Trustees are responsible for the preparation of the accounts.
The Trustees consider that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the Governing Document for the conducting of an audit. The Trustees also consider the charity to be exempt from the requirement to be subject to Independent Examination.
Our responsibility is to prepare accounts upon the basis of the information supplied to us, without conducting any formal scrutiny.
No statement of opinion
We have not carried out any audit procedures and have relied upon information supplied to us by the Trustees, and the information supplied by the Trustees in the course of the examination is not subjected to audit tests or enquiries, and consequently we do not express an audit or other assurance opinion on the view given by the accounts.
Signed: Mark Rawlinson
M Rawlinson - Independent Accountant
Chartered Certified Accountants
First Floor, 12 St John's Way St John's Business Estate Downham Market Norfolk
6
PE38 0QQ
This report was signed on Date: 9[th] July 2025
7
Eternity Downham Market - Statement of Financial Activities for the year ended 30 September 2024
Statement of Financial Activities for the year ended 30 September 2024
| SORP Ref Current year Income & Endowments from: Donations & Legacies A1 65,405 Other trading activities A3 1,950 Investments A4 1,262 Other A5 52 Total income A 68,669 Expenditure on: Charitable activities B2 85,304 Total expenditure B 85,304 Net income for the year (16,635) Net income after transfers A-B-C (16,635) Net movement in funds (16,635) Reconciliation of funds:- E Total funds brought forward 787,242 Total funds carried forward 770,607 Unrestricted Funds 2024 £ |
Current year 72,765 - - - 72,765 72,335 72,335 430 430 430 71,485 71,915 Restricted Funds 2024 £ |
Current year 138,170 1,950 1,262 52 141,434 157,639 157,639 (16,205) (16,205) (16,205) 858,727 842,522 Total Funds 2024 £ |
Prior Year 58,383 1,671 - - Total Funds 2023 £ |
|---|---|---|---|
| 60,054 | |||
| 45,443 | |||
| 45,443 | |||
| 14,611 | |||
| 14,611 | |||
| 14,611 - |
|||
| 14,611 |
The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.
A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.
All activities derive from continuing operations
The notes attached on pages 13 to 27 form an integral part of these accounts.
8
Eternity Downham Market - Statement of Financial Activities for the year ended 30 September 2024
Eternity Downham Market - Analysis of prior year total funds, as required by paragraph 4.2 of the SORP
| SORP Ref Income & Endowments from: Donations & Legacies Charitable activities Other trading activities Investments Other A 1 A 2 A 3 A 4 A 5 Total income A Expenditure on: Raising funds B1 Charitable activities Other Tax on surplus on ordinary activiti Other taxation B 2 B 3 B 3 B 3 Total expenditure B Net gains on investments B4 Net income for the year Transfers between funds C Net income after transfers Net movement in funds Reconciliation of funds:- Total funds brought forward E Total funds carried forward |
Prior Year Unrestricted Funds 2023 £ 33,970 - 1,67 1 - - 35,641 - 38,454 - - - 38,454 - (2,813) - (2,813) (2,813) - (2,813) |
Prior Year Restricted Funds 2023 £ 24,413 - - - - - 24,413 - 6,989 - - - - 6,989 - 17,424 - 17,424 17,424 - 17,424 |
Prior Year Total Funds 2023 £ 58,383 - 1,671 - - 60,054 - 45,443 - - - 45,443 - 14,611 - 14,611 14,611 - |
|---|---|---|---|
| 14,611 |
All activities derive from continuing operations
A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.'
9
Eternity Downham Market - Statement of Financial Activities for the year ended 30 September 2024
The notes attached on pages 13 to 27 form an integral part of these accounts.
1
Eternity Downham Market - Statement of Financial Activities for the year ended 30 September 2024
Eternity Downham Market - Resources applied in the year ended 30 September 2024 towards fixed assets for Charity use:-
| towards fixed assets for Charity use:- | ||
|---|---|---|
| Funds generated in the year as detailed in the SOFA Resources applied on functional fxed assets Other applications of funds Net resources available to fund charitable activities |
2024 £ 2023 £ - - - (7,950) - - - (7,950) |
|
| (7,950) |
The notes attached on pages 13 to 27 form an integral part of these accounts.
1
Eternity Downham Market - Statement of Financial Activities for the year ended 30 September 2024
Movements in revenue and capital funds for the year ended 30 September 2024
Revenue accumulated funds
| Unrestricted Funds 2024 £ Accumulated funds brought forward 500,928 Recognised gains and losses before transfers (16,635) 484,293 (From)/To unrestricted revenue funds - 557,799Closing revenue funds 484,293 Fixed asset funds Designated Funds 2024 £ At 1 October 286,314 Transfer (to)/from revenue funds - At 30 September 286,314 |
Restricted Funds 2024 £ 71,485 430 71,915 - 71,915 Restricted Funds 2024 £ - - - |
Total Funds 2024 £ 572,413 (16,205) 556,208 - 556,208 Total Funds 2024 £ 286,314 - 286,314 |
Last year Total Funds 2023 £ - 14,611 |
|---|---|---|---|
| 14,611 | |||
| 572,410 | |||
| Last year Total Funds 2023 £ - 286,314 |
|||
| 286,314 |
The purposes of the transfers to fixed asset funds are described in Note 15 to the accounts and under the accounting policy 'Accounting for capital grants and fixed asset funds'.
Summary of funds
| Summary of funds Unrestricted and Designated funds 2024 £ Revenue accumulated funds 484,293 Fixed asset funds 286,314 Total funds 770,607 |
Restricted Funds 2024 £ 71,915 - 71,915 |
Total Funds 2024 £ 556,208 286,314 842,522 |
Last Year Total Funds 2023 £ 572,410 286,314 |
| 858,724 |
The notes attached on pages 13 to 27 form an integral part of these accounts.
10
Eternity Downham Market - Statement of Financial Activities for the year ended 30 September 2024
Eternity Downham Market
Income and Expenditure Account for the year ended 30 September 2024 as required by the Companies Act 2006
| Income Income from operations Refunds from HMRC on gift aided donations Investment income Interest receivable Other operating income Gross income in the year before exceptional items Gross income in the year including exceptional items Expenditure Charitable expenditure, excluding depreciation and amortisation Depreciation and amortisation Governance costs Realised losses on disposals of social investments which are programme related Total expenditure in the year Net income before tax in the financial year Tax on surplus on ordinary activities Net income after tax in the financial year Retained surplus for the financial year All activities derive from continuing operations |
2024 £ 131,093 9,027 1,262 52 141,434 141,434 148,000 9,374 265 - 157,639 (16,205) - (16,205) (16,205) |
2023 £ 60,054 - - - |
|---|---|---|
| 60,054 | ||
| 60,054 | ||
| 36,281 6,882 2,280 - |
||
| 45,443 | ||
| 14,611 - |
||
| 14,611 | ||
| 14,611 | ||
In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities.
The notes attached on pages 13 to 27 form an integral part of these accounts.
11
Eternity Downham Market - Balance Sheet as at 30 September 2024
| SORP Note Ref Fixed assets A Tangible assets 8 A2 Current assets B Debtors 9 B2 Cash at bank and in hand B4 Total current assets Creditors: amounts falling due within one year 10 C1 Net current assets The total net assets of the charity The total net assets of the charity are funded by the Restricted funds Restricted Revenue Funds 13 D2 Unrestricted Funds Unrestricted Revenue Funds 13 D3 Designated Funds Designated Fixed Asset Funds 13 D3 Total charity funds |
2024 2023 £ £ 739,486 748,860 186 - 117,468 112,192 117,654 112,192 (14,618) (2,325) 103,036 109,867 842,522 858,727 funds of the charity, as follows:- 71,915 71,485 71,915 71,485 484,293 500,928 484,293 500,928 286,314 286,314 286,314 286,314 842,522 858,727 |
2024 2023 £ £ 739,486 748,860 186 - 117,468 112,192 117,654 112,192 (14,618) (2,325) 103,036 109,867 842,522 858,727 funds of the charity, as follows:- 71,915 71,485 71,915 71,485 484,293 500,928 484,293 500,928 286,314 286,314 286,314 286,314 842,522 858,727 |
2024 2023 £ £ 739,486 748,860 186 - 117,468 112,192 117,654 112,192 (14,618) (2,325) 103,036 109,867 842,522 858,727 funds of the charity, as follows:- 71,915 71,485 71,915 71,485 484,293 500,928 484,293 500,928 286,314 286,314 286,314 286,314 842,522 858,727 |
|---|---|---|---|
| 858,727 |
The 'SORP Ref' indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA..
The Trustees acknowledge their responsibilities for complying with the requirements of charity legislation with respect to accounting records and the preparation of accounts.
The Trustees are satisfied that, although the charity is not registered under the Companies Acts, if it were so registered, it would be eligible to prepare accounts in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.
Nick Butt
ND Butt
Trustee Approved by the board of trustees on Date: 9[th] July 2025
The notes attached on pages 13 to 27 form an integral part of these accounts.
12
Eternity Downham Market
Notes to the Accounts for the year ended 30 September
1 Accounting policies
Policies relating to the production of the accounts.
Basis of preparation and accounting convention
The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.
Going Concern
The charitable activities are entirely dependent on continuing grant aid and voluntary donations as well as trading revenues. As a consequence, the going concern basis is dependent on the future flow of these uncertain funding streams. Accordingly, the Trustees have obtained forecasts and, after reviewing the financial forecasts for future periods to 30 September 2024, the Trustees are satisfied that, at the time of approving the financial statements, it is appropriate to adopt the going concern basis in preparing the financial statements. Other than these matters, the Trustees are not aware of any material uncertainites about the charity's ability to continue as a going concern.
Risks and future assumptions
The charity is a public benefit entity.
Nature of income
Gross income represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Categories of Income
Income is categorised as income from exchange transactions (contract income) and income from nonexchange transactions (gifts), investment income and other income.
Income from exchange transactions is received by the charity for goods or services supplied under contract or where entitlement is subject to fulfilling performance related conditions. The income the charity receives is approximately equal in value to the goods or services supplied by the charity to the purchaser.
Income from a non-exchange transaction is where the charity receives value from the donor without providing equal value in exchange, and includes donations of money, goods and services freely given without giving equal value in exchange.
13
Eternity Downham Market
Notes to the Accounts for the year ended 30 September
Income recognition
Income, whether from exchange or non exchange transactions, is recognised in the statement of financial activities (SOFA) on a receivable basis, when a transaction or other event results in an increase in the charity’s assets or a reduction in its liabilities and only when the charity has legal entitlement, the income is probable and can be measured reliably.
Dividends are accrued when the shareholder’s right to receive payment is established.
Income subject to terms and conditions which must be met before the charity is entitled to the resources is not recognised until the conditions have been met.
All income is accounted for gross, before deducting any related fees or costs.
Policies relating to expenditure on goods and services provided to the charity.
Recognition of liabilities and expenditure
A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated..
Liabilities arising from future funding commitments and constructive obligations, including performance related grants, where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates.
Volunteers
In accordance with the SORP, and in recognition of the difficulties in placing a monetary value on the contribution from volunteers, the contribution of volunteers is not included within the income of the charity. However, the trustees value the significant contribution made to the activities of the charity by unpaid volunteers and this is described more fully in Note0.
Policies relating to assets, liabilities and provisions and other matters.
Tangible fixed assets
Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described above. Cost value includes all costs expended in bringing the asset into its intended working condition.
Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over their estimated useful lives.
Freehold premises 0-2 % straight line Plant and machinery 10-33.33 % reducing balance
A regular annual review of the likelihood of asset impairment is undertaken.
Creditors and provisions
Creditors and provisions are recognised when they arise.
14
Eternity Downham Market
Notes to the Accounts for the year ended 30 September
Cash and bank balances
Cash held by the charity is included at the amount actually held and counted at the year end. Bank balances, whether in credit or overdrawn, are shown at the amounts properly reconciled to the bank statements.
Pensions - defined contribution schemes
The charity operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
Fund Accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
There are no designated funds.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal or as implied by law.
There are no endowment funds.
2 Liability to taxation
The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 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 on the specific charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities.
3 Winding up or dissolution of the charity
If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.
4 Significance of financial instruments to the charity's position
There are no significant implications of such matters.
5 Net surplus before tax in the financial year
| Net surplus before tax in the financial year | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| The net surplus before tax in the fnancial year is stated after charging:- | ||
| Depreciation of owned fxed assets | 9,374 | 6,882 |
| Pension costs | 238 | 180 |
15
Eternity Downham Market
Notes to the Accounts for the year ended 30 September
6 Staff costs and emoluments
| Salary costs | 2024 | 2023 |
|---|---|---|
| £ | £ | |
| Gross Salaries excluding trustees and key management personnel | 30,357 | 12,518 |
| Employer's operating costs of defned | ||
| contribution pension schemes | 238 | 180 |
| Expenditure on staf whose contracts are with and are paid by a related party | 47,312 | - |
| Total salaries, wages and related costs | 77,907 | 12,698 |
| The external staf are those of the Citizen Advice Bureau who | ||
| operate the food bank. | ||
| Numbers of full time employees or full time equivalents | 2024 | 2023 |
| The average number of total staf employed in the year was | 2 | 2 |
| The estimated full time equivalent number of all staf employed in the year was | 2 | 2 |
| The estimated equivalent number of full time staff deployed in different activities in the | year was:- | |
| Engaged on management and administration | 2 | 2 |
| The estimated full time equivalent number of all staff employed as above | 2 | 2 |
Neither the trustees nor any persons connected with them have received any remuneration from the charity or any related entity, either in the current or prior year.
No employees received emoluments (excluding pension costs) in excess of £60,000 per annum.
7 Remuneration and payments to Trustees and persons connected with them
No trustees or persons connected with them received any remuneration from the charity, or any related entity.
16
Eternity Downham Market
Notes to the Accounts for the year ended 30 September
8 Tangible fixed assets
| Current Year Cost At 1 October 2023 At 30 September 2024 Depreciation At 1 October 2023 Charge for the year At 30 September 2024 Net book value At 30 September 2024 At 30 September 2023 Prior Year Cost Additions 01 October 2023 Depreciation Charge for the year 01 October 2023 Net book value 01 October 2023 Debtors Other debtors |
Land and Buildings Plant & Machinery Motor Vehicles Total £ £ £ £ 747,79 2 7,95 0 - 755,7 42 |
|---|---|
| 747,792 7,95 0 - 755,7 42 |
|
| 4,650 2,23 2 - 6,882 8,440 934 - 9,374 |
|
| 13,090 3,16 6 - 16,25 6 |
|
| 734,702 4,78 4 - 739,4 86 |
|
| 743,142 5,71 8 - 748,8 60 |
|
| Land and Buildings Plant & Machinery Motor Vehicles Total £ £ £ £ 747,79 2 7,950 - 755, 742 |
|
| 747,792 7,950 - 755,7 42 |
|
| 4,650 2,232 - 6,88 2 |
|
| 4,650 2,232 - 6,882 |
|
| 743,142 5,718 - 748,8 60 |
|
| 2024 2023 £ 186 £ - |
9 Debtors
17
Eternity Downham Market
Notes to the Accounts for the year ended 30 September
| 10 Creditors: amounts falling due within one year Trade creditors Accruals PAYE, NIC VAT and other taxes Defned contribution pension scheme liabilities due within one year 11 Income and Expenditure account summary At 1 October 2023 Transfers in for the year At 1 October 2023 Surplus after tax for the year At 30 September 2024 |
2024 £ 2023 £ 12,102 - 2,280 2,280 208 - |
|---|---|
| 14,590 2,280 |
|
| 29 45 |
|
| 2024 £ 2023 £ 858,724 - - 844,113 858,724 844,113 (16,205) 14,611 |
|
| 842,519 858,724 |
12 Particulars of how particular funds are represented by assets and liabilities
| At 30 September 2024 Unrestricted funds £ Tangible Fixed Assets 453,172 Current Assets 45,739 Current Liabilities (14,618) 484,293 At 1 October 2023 Unrestricted funds £ Tangible Fixed Assets 462,546 Current Assets 40,707 Current Liabilities (2,325) 500,928 |
Designated Restricted Total funds funds Funds £ £ £ 286,314 - 739,486 71,915 117,654 - - (14,618) |
|---|---|
| 286,314 71,915 842,522 |
|
| Designated Restricted Total funds funds Funds £ £ £ 286,314 - 748,860 - 71,485 112,192 - - (2,325) |
|
| 286,314 71,485 858,727 |
18
Eternity Downham Market
Notes to the Accounts for the year ended 30 September
13 Change in total funds over the year as shown in Note 12 , analysed by individual funds
| Unrestricted and designated funds:- Unrestricted Revenue Funds Designated Fixed Asset Funds Total unrestricted and designated funds Restricted funds:- Foodbank Heart for the home Total restricted funds Total charity funds |
Funds brought forward from 2023 Movement in funds in 2024 Transfers between funds in 2024 Funds carried forward to 2025 £ See Note 14 £ See Note 0 £ £ 480,697 (16,635) - 464,062 286,314 - - 286,314 |
|---|---|
| 767,011 (16,635) - 750,376 |
|
| 76,151 8,870 - 85,021 15,562 (8,440) - 7,122 |
|
| 91,713 430 - 92,143 |
|
| 858,724 (16,205) - 842,519 |
Analysis of movements in funds over the year as shown in Note 13 14
| Unrestricted and designated funds:- Unrestricted Revenue Funds Restricted funds:- Foodbank Heart for the home |
Other Income Expenditure Gains & Movement Losses in funds 2024 2024 2024 2024 £ £ £ £ 68,669 (85,304) - (16,635) 72,765 (63,895) - 8,870 - (8,440) - (8,440) |
|---|---|
| 141,434 (157,639) - (16,205) |
19
Eternity Downham Market
Notes to the Accounts for the year ended 30 September
15 The purposes for which the funds as
Unrestricted and designated funds:-
Unrestricted Revenue Funds Unrestricted Revaluation Reserve Designated Fixed Asset Funds
These funds are held for the meeting the objectives of the charity, and to provide reserves for future activities, and , subject to charity legislation, are free from all restrictions on their use. This fund represents the unrestricted surplus arising on the revaluation of the charity's assets. The purpose of these funds is described under the accounting policy 'Accounting for capital grants and fixed asset funds'.
Restricted funds:-
Restricted Fixed Asset
Funds Restricted
Revaluation Reserve Foodbank
The purpose of these funds is described under the accounting policy 'Accounting for capital grants and fixed asset funds'. This fund represents the restricted surplus arising on the revaluation of the charity's assets. These funds are for the running of the
foodbank These funds are for the upkeep of
Heart for the home
the building
16 Ultimate controlling party
The charity is under the control of its legal members.
2
Eternity Downham Market
Detailed analysis of income and expenditure for the year ended 30 September 2024 as requir SORP 2015
This analysis is classsified by conventional nominal descriptions and not by activity.
17 Donations, Grants and Legacies
| Donations, Grants and Legacies | |||
|---|---|---|---|
| Donations and gifts from individuals Small donations individually less than £1000 Refunds from HMRC on gift aided donations N Tong N & E Butt C Hobday R Tong Total donations and gifts from individuals |
Current year Unrestricted Funds 2024 £ 26,578 9,027 14,400 14,400 - 1,000 |
Current year Restricted Funds 2024 £ 10,592 - - - - - 10,592 |
Current year Total Funds 2024 £ 37,170 9,027 14,400 14,400 - 1,000 |
| 65,405 | 75,997 |
All the donations and gifts in the prior year were unrestricted.
Donations and gifts from individuals (Include HMRC refunds on gift aided donations) - Prior Year a
| Prior year Revenue grants and donations from non public bodies Trussell Trust King's Lynn ans West Norfoolk Borough Council Total private sector revenue grants |
Prior Year Unrestricted Funds 2023 £ 33,970 |
Prior Year Restricted Funds 2023 £ 8,117 |
Prior Year Total Funds 2023 £ 42,087 Current year Total Funds 2024 £ 61,603 570 62,173 |
|---|---|---|---|
| Current year Unrestricted Funds 2024 £ - - |
Current year Restricted Funds 2024 £ 61,603 570 |
||
| - | 62,173 |
21
Eternity Downham Market
Detailed analysis of income and expenditure for the year ended 30 September 2024 as requir SORP 2015
Revenue grants and donations from non public bodies (Include Gift Aid donations from subsidiarie Year analysis
| Year analysis | |||
|---|---|---|---|
| Prior Year Unrestricted Funds 2023 £ Prior Year - Total Donations, Grants and Legacies Total Donations, Grants and Legacies Prior year Total Donations, Grants and Legacies A1 65,405 Unrestricted Funds 2023 £ A1 33,970 Income from other, non charitable, trading activities Current year Unrestricted Funds 2024 £ Income from letting and licensing of property for non charitable purposes 1,950 Total from other activities A3 1,950 |
Prior Year Unrestricted Funds 2023 £ - |
Prior Year Restricted Funds 2023 £ 16,296 |
Prior Year Total Funds 2023 £ 16,296 |
| 72,765 | |||
| 65,405 | 138,170 | ||
| Unrestricted Funds 2023 £ |
Restricted Funds 2023 £ |
Prior Year Total Funds 2023 £ |
|
| 33,970 | 24,413 | 58,383 | |
| Current year Restricted Funds 2024 £ - |
Current year Total Funds 2024 £ 1,950 |
||
| 1,950 | - | 1,950 |
18 Income from other, non charitable, trading activities
19 Investment income
| Bank Interest Receivable Total investment income A4 |
Current year Unrestricted Funds 2024 £ 1,262 |
Current year Restricted Funds 2024 £ - |
Current year Total Funds 2024 £ 1,262 |
|---|---|---|---|
| 1,262 | - | 1,262 |
22
Eternity Downham Market
Detailed analysis of income and expenditure for the year ended 30 September 2024 as requir SORP 2015
20 Other income and gains
| Other income and gains | |||
|---|---|---|---|
| Current year Compensation for criminal damag e Total other income A5 |
Current year Unrestricted Funds 2024 £ 52 |
Current year Restricted Funds 2024 £ - |
Current year Total Funds 2024 £ 52 |
| 52 | - | 52 |
21 Expenditure on charitable activities - Direct spending
| Current Year Gross wages and salaries - charitable activities Temporary Staf - Charitable Activities Marketing and advertising of charitable services Foodbank costs Meeting and ministry costs Outreach costs Refreshments Conferences and course Total direct spending B2a All the expenditure in the prior year was unrestricted. Prior Year Gross wages and salaries - charitable activities Foodbank costs Total direct spending B2a |
Current year Unrestricted Funds 2024 £ - 4,571 - - 4,251 871 1,322 - |
Current year Restricted Funds 2024 £ 47,313 - - 8,000 - - - - |
Current year Total Funds 2024 £ 47,313 4,571 - 8,000 4,251 871 1,322 - |
|---|---|---|---|
| 11,015 | 55,313 | 66,328 | |
| Prior Year Unrestricted Funds 2023 £ 2,041 - |
Prior Year Restricted Funds 2023 £ 1,643 696 |
Prior Year Total Funds 2023 £ 3,684 696 |
|
| 5,731 | 2,339 | 8,070 |
23
Eternity Downham Market
Detailed analysis of income and expenditure for the year ended 30 September 2024 as requir SORP 2015
22 Expenditure on charitable activities- Grant funding of activities
| Current Year Grants made to individuals Grants made to organisations Total grantmaking costs B2c Breakdown of Grants made to organisations Current Year AOG Compassion UK Christians against poverty Foodbank Churches Together Evangelical Alliance Breakdown of Grants made to organisations |
Current year Unrestricted Funds 2024 £ 1,837 6,493 |
Current year Restricted Funds 2024 £ - - - - - - - - - - Current year Restricted Funds 2024 £ |
Current year Total Funds 2024 £ 1,837 6,493 |
|---|---|---|---|
| 8,330 | 8,330 | ||
| 2,520 3,623 180 30 40 100 Current year Unrestricted Funds 2024 £ |
2,520 3,623 180 30 40 100 6,493 Current year Total Funds 2024 £ |
||
| 6,493 | |||
| Breakdown of Grants made to organisations | |||
|---|---|---|---|
| Prior Year AOG Compasion UK Christians against poverty Evangelical Alliance |
1,470 1,730 120 100 Prior Year Unrestricted Funds 2023 £ |
- - - - - Prior Year Restricted Funds 2023 £ |
1,470 1,730 120 100 Prior Year Total Funds 2023 £ |
| 3,420 | 3,420 |
24
Eternity Downham Market
Detailed analysis of income and expenditure for the year ended 30 September 2024 as requir SORP 2015
23 Support costs for charitable activities
| Support costs for charitable activities | Support costs for charitable activities | Support costs for charitable activities | |
|---|---|---|---|
| Current year Current year Unrestricted Restricted Current Year Funds Funds 2024 2024 £ £ Employee costs not included in direct costs Salaries - Administrative staf 25,785 - Defned contribution pension cost - administrative staf 238 - Training and welfare - staf 848 - Travel and subsistence - staf 836 - DBS Check - - Volunteer costs Travel and subsistence - volunteers - - Premises Expenses Rent payable under operating leases - 8,582 Light heat and water 5,486 - Cleaning and waste management 8,012 - Premises repairs, renewals and maintenance 7,977 - Administrative overheads Telephone, fax and internet 1,041 - Postage 5 - Stationery and printing 1,223 - Subscriptions to periodicals 903 - Software licences and tech expenses 3,040 - Liabilty and contents insurance 3,414 - Sundry expenses 5,418 - Equipment,repairs,expenses and maintenance - - AOG fee 423 - Professional fees paid to advisors other than the auditor or examiner Legal fees - - Financial costs Bank charges 111 - Depreciation & Amortisation in total for 934 8,440 Support costs before reallocation 65,694 17,022 Total support costs - Current Year 65,694 17,022 |
Current year Total Funds 2024 £ 25,785 238 848 836 - - 8,582 5,486 8,012 7,977 1,041 5 1,223 903 3,040 3,414 5,418 - 423 - 111 9,374 |
||
| 65,694 | 17,022 | 82,716 82,716 |
|
| 65,694 | 17,022 |
25
Eternity Downham Market
Detailed analysis of income and expenditure for the year ended 30 September 2024 as requir SORP 2015
| Depreciation & Amortisation in total for Support costs before reallocation Total support costs - Prior Year 24 Other Expenditure - Governance costs Current Year Independent Examiner's fees Total Governance costs All the expenditure in the prior year was unrestricted. Prior Year Administrative overheads Financial costs |
Current year Current year Unrestricted Restricted 2,232 4,650 Funds Funds 2024 2024 £ £ |
Current year Current year Unrestricted Restricted 2,232 4,650 Funds Funds 2024 2024 £ £ |
Prior Year nds 6,882 Total Fu 2023 £ |
|---|---|---|---|
| 26,149 | 4,650 | 30,799 30,799 Current year Total Funds 2024 £ 265 265 |
|
| 26,149 | 4,650 | ||
| Current year Unrestricted Funds 2024 £ 265 |
Current year Restricted Funds 2024 £ - |
||
| 265 | - | ||
25 Total Charitable expenditure
| Current Year Total direct spending B2a Total grantmaking costs B2c Total support costs B2d Total Governance costs B2e Total charitable expenditure B2 |
Current year Unrestricted Funds 2024 £ 11,015 8,330 65,694 265 |
Current year Restricted Funds 2024 £ 55,313 - 17,022 - |
Current year Total Funds 2024 £ 66,328 8,330 82,716 265 |
|---|---|---|---|
| 85,304 | 72,335 | 157,639 |
26
Eternity Downham Market
Detailed analysis of income and expenditure for the year ended 30 September 2024 as requir SORP 2015
| Prior Year Total direct spending B2a Total grantmaking costs B2c Total support costs B2d Total Governance costs B2e Total charitable expenditure B2 |
Prior Year Unrestricted Funds 2023 £ 5,731 4,294 26,149 2,280 |
Prior Year Restricted Funds Prior Year Total Funds 2023 2023 £ £ 2,339 8,070 - 4,294 4,650 30,799 - 2,280 |
|---|---|---|
| 38,454 | 6,989 45,443 |
27