| Page | ||||
|---|---|---|---|---|
| Directors' annual report (incorporating the |
director's | report) | ||
| Independent examiner's report |
to the directors | |||
| Statement offinancial activities |
(including | income and | ||
| expenditure account) |
||||
| Statement offinancial position |
||||
| Notes to the financial statements | ||||
| The following pages do not form part ofthe financial statements |
||||
| Detailed statement offinancial |
activities | 18 | ||
| Notes to the detailed statement | offinancial | activities | 19 |
| Year ended | 31 December 2023 | 31 December 2023 | |||||
|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||
| Unrestricted | Restricted | Endowment | |||||
| funds | funds | funds | Total funds | Total funds | |||
| Note | F | ||||||
| Income and endowments | |||||||
| Donations and legacies |
4 | 136,142 | 136,142 | 105,911 | |||
| Investment income |
5 | 7,781 | 7,781 | 7,149 | |||
| Total income | 143,923 | 143,923 | 113,060 | ||||
| Expenditure | |||||||
| Expenditure on |
|||||||
| charitable activities |
6,7 | 164,876 | 500 | 165,376 | 158,563 | ||
| Total expenditure | 164,876 | 500 | 165,376 | 158,563 | |||
| Net gains/(losses) | on | ||||||
| investments | (294) | 5,486 | 5,192 | (14,180) | |||
| Net expenditure | (21,247) | (500) | 5,486 | (16,261) | (59,683) | ||
| Other recognised | gains | and | losses | ||||
| Fair value movements | 18,477 | 245 | 130 | 18,852 | (30,240) | ||
| Net movement in |
funds | (2,770) | (255) | 5,616 | 2,591 | (89,923) | |
| Reconciliation of |
funds | ||||||
| Total funds brought | forward | 330,262 | 4,586 | 68,127 | 402,975 | 492,898 | |
| Total funds carried forward | 327,492 | 4,331 | 73,743 | 405,566 | 402,975 |
| Financial instruments | Financial instruments | Financial instruments | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Basic financial instruments |
are initially | recognised at |
the | amount receivable |
or payable | including | |||||
| any related | transaction costs, unless the arrangement |
constitutes a financing | transaction, | where it |
|||||||
| is recognised at the |
present | value of | the future | payments | discounted | at a market | rate of interest | ||||
| for a similar | debt instrument. | ||||||||||
| Donations | and legacies | ||||||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||||||
| Funds | 2023 | Funds | 2022 | ||||||||
| Donations | |||||||||||
| Donations | 48,141 | 48,141 | 41,045 | 41,045 | |||||||
| Gift aid tax | reclaimed | 882 | 882 | 1,503 | 1,503 | ||||||
| Other donations and legacies |
|||||||||||
| Literature, | Subscriptions & |
Sales | 4,075 | 4,075 | 4,384 | 4,384 | |||||
| Young Life |
Holiday | Contributions | 50,695 | 50,695 | 44,445 | 44,445 | |||||
| Events, Training 8 |
Conferences | 32,349 | 32,349 | 14,534 | 14,534 | ||||||
| 136,142 | 136,142 | 105,911 | 105,911 | ||||||||
| Investment | income | ||||||||||
| Unrestricted | Restricted | Total Funds | |||||||||
| Funds | Funds | 2023 f |
|||||||||
| Income from listed | investments | 7,781 | 7,781 | ||||||||
| Unrestricted | Restricted | Total Funds | |||||||||
| Funds | Funds | 2022 | |||||||||
| Income from listed | investments | 6,949 | 200 | 7,149 |
| 6. | Expenditure | on | charitable | charitable | charitable | activities | activities | by | fund type | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |||||||||||
| Funds | Funds f |
2023 f |
|||||||||||
| Direct charitable | activities | 163,406 | 500 | 163,906 | |||||||||
| Support costs | 1,470 | 1,470 | |||||||||||
| 164,876 | 500 | 165,376 | |||||||||||
| Unrestricted | Restricted | Total Funds | |||||||||||
| Funds | Funds | 2022 | |||||||||||
| Direct charitable | activities | 156,243 | 850 | 157,093 | |||||||||
| Support costs | 1,470 | 1,470 | |||||||||||
| 157,713 | 850 | 158,563 | |||||||||||
| 7. | Expenditure | on | charitable | activities | by | activity type | |||||||
| Activities | |||||||||||||
| undertaken | Support | Total funds | Total fund | ||||||||||
| directly | costs | 2023 | 2022 | ||||||||||
| Direct charitable | activities | 163,906 | 163,906 | 157,093 | |||||||||
| Governance | costs | 1,470 | 1,470 | 1,470 | |||||||||
| 163,906 | 1,470 | 165,376 | 158,563 | ||||||||||
| 8. | Net gains/(losses) | on investments | |||||||||||
| Unrestricted | Endowment | Total Funds | |||||||||||
| Funds | Funds | 2023 | |||||||||||
| F | |||||||||||||
| Gains/(losses) | on | listed investments | (294) | 5,486 | 5,192 | ||||||||
| Unrestricted | Endowment | Total Funds | |||||||||||
| Funds | Funds | 2022 | |||||||||||
| F | |||||||||||||
| Gains/(losses) | on | listed investments | (14,180) | (14,180) | |||||||||
| 9. | Independent | examination | fees | ||||||||||
| 2023 f |
2022 | ||||||||||||
| Fees payable | to | the independent | examiner | for: | |||||||||
| Independent | examination | ofthe | financial statements | 1,440 | 1,440 |
| Listed | |
|---|---|
| investmentsf | |
| Cost or valuation | |
| At 1 January 2023 | 346,184 |
| Additions | |
| Disposals | (23,000) |
| Fair value movements | 24,044 |
| At 31 December 2023 | 347,228 |
| Impairment | |
| At 1 January 2023 and 31 December 2023 |
|
| Carrying amount |
|
| At 31 December 2023 | 347,228 |
| At 31 December 2022 | 346,184 |
| 2023 | 2022 | ||
|---|---|---|---|
| F | |||
| Accruals and deferred | income | 1,440 | 1,440 |
| Social security and other taxes | 1,368 | 1,185 | |
| 2,808 | 2,625 |
| At | Gains and | At | ||||
|---|---|---|---|---|---|---|
| 1 Jan 2023 | Income | Expenditure | Transfers | losses 31 Dec 2023 | ||
| F | F | |||||
| General funds | 330,262 | 143,923 | (164,876) | (294) | 309,015 | |
| Fair value reserve | 18,477 | 18,477 | ||||
| 330,262 | 143,923 | (164,876) | 18,183 | 327,492 | ||
| At | Gains and | At | ||||
| 1 Jan 2022 | Income | Expenditure | Transfers | losses 31 Dec 2022 | ||
| General funds | 362,242 | 112,860 | (157,713) | 27,053 | (14,180) | 330,262 |
| Fair value reserve | 46,367 | (25,303) | (21,064) | |||
| 408,609 | 112,860 | (157,713) | 1,750 | (35,244) | 330,262 |
| Restricted | funds |
|||||||
|---|---|---|---|---|---|---|---|---|
| At | Gains and | At | ||||||
| 1 Jan 2023 | Income F |
Expenditure | Transfers F |
losses 31 Dec 2023 f |
||||
| F.8 A. Wood | ||||||||
| Scholarship | Fund | 3,171 | (500) | 2,671 | ||||
| Fair value | reserve | 1,415 | 245 | 1,660 | ||||
| 4,586 | — | (500) | 245 | 4,331 | ||||
| At | Gains and | At | ||||||
| 1 Jan 2022 | Income | Expenditure | Transfers | losses 31 Dec 2022 | ||||
| F. 8,A. Wood | ||||||||
| Scholarship | Fund | 5,571 | 200 | (850) | (1,750) | 3,171 | ||
| Fair value | reserve | 1,765 | (350) | 1,415 | ||||
| 7,336 | 200 | (850) | (1,750) | (350) | 4,586 |
| Endowment funds |
||||||
|---|---|---|---|---|---|---|
| At | Gains and | At | ||||
| 1 Jan 2023 | Income | Expenditure | Transfers | losses 31 Dec 2023 | ||
| F | ||||||
| Endowment | ||||||
| Funds | 36,229 | 5,486 | 41,715 | |||
| Fair value reserve | 31,898 | 130 | 32,028 | |||
| 68,127 | 5,616 | 73,743 | ||||
| At | Gains and | At | ||||
| 1 Jan 2022 | Income | Expenditure | Transfers | losses 31 Dec 2022 | ||
| F | f. | F | ||||
| Endowment | ||||||
| Funds | 35,738 | 491 | 36,229 | |||
| Fair value reserve | 41,215 | (491) | (8,826) | 31,898 | ||
| 76,953 | (8,826) | 68,127 |
| Analysis ofnet as | sets between | funds | |||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total Funds | ||
| Funds | Funds | Funds | 2023 f |
||
| Investments | 282,606 | 2,903 | 61,719 | 347,228 | |
| Current assets | 47,710 | 1,428 | 12,024 | 61,162 | |
| Creditors less than | 1 year | (2,824) | (2,824) | ||
| Net assets | 327,492 | 4,331 | 73,743 | 405,566 | |
| Unrestricted | Restricted | Endowment | Total Funds | ||
| Funds | Funds | Funds | 2022 | ||
| F | |||||
| Investments | 276,448 | 2,658 | 67,078 | 346,184 | |
| Current assets | 56,439 | 1,928 | 1,049 | 59,416 | |
| Creditors less than | 1 year | (2,625) | (2,625) | ||
| Net assets | 330,262 | 4,586 | 68,127 | 402,975 |
| Year ended 31 Dece | mber 2023 | |||
|---|---|---|---|---|
| 2023 | 2022 | |||
| F | ||||
| Income and endowments | ||||
| Donations and legacies |
||||
| Donations | 48,141 | 41,045 | ||
| Gift aid tax reclaimed | 882 | 1,503 | ||
| Literature, Subscriptions |
&Sales | 4,075 | 4,384 | |
| Young Life Holiday Contributions | 50,695 | 44,445 | ||
| Events, Training &Conferences |
32,349 | 14,534 | ||
| 136,142 | 105,911 | |||
| Investment income |
||||
| Income from listed investments | 7,781 | 7,149 | ||
| Total income | 143,923 | 113,060 | ||
| Expenditure | ||||
| Expenditure on charitable |
activities | |||
| Wages and salaries | 42,402 | 49,608 | ||
| Other establishment | 2,541 | 2,779 | ||
| Other motor/travel costs |
5,945 | 6,537 | ||
| Legal and professional | fees | 1,470 | 1,470 | |
| Other office costs | 3„054 | 2,333 | ||
| Events, training &conferences |
46,212 | 31,841 | ||
| Printing 8 other costs |
901 | 4,681 | ||
| Young life holiday costs |
45,254 | 48,734 | ||
| Branch administration costs |
17,597 | 10,580 | ||
| 165,376 | 158,563 | |||
| Total expenditure | 165,376 | 158,563 | ||
| Net gains/(losses) on investments |
||||
| Gains/(losses) on listed |
investments | 5,192 | (14,180) | |
| Net expenditure | (16,261) | (59,683) |
| Year ended 31 Dece | mber 2023 | |||
|---|---|---|---|---|
| 2023 | 2022 | |||
| f. | E | |||
| Expenditure on charitable |
activities | |||
| Direct charitable | activities | |||
| Activities undertaken directly |
||||
| Personnel costs | 42,402 | 49,608 | ||
| Building, rent and |
insurance | 2,541 | 2,779 | |
| Other motor/travel | costs | 5,945 | 6,537 | |
| Other office costs | 3,054 | 2,333 | ||
| Events, training and conferences |
46,212 | 31,841 | ||
| Printing and other |
costs | 901 | 4,681 | |
| Young life holiday | costs | 45,254 | 48,734 | |
| Branch administration costs |
17,597 | 10,580 | ||
| 163,906 | 157,093 | |||
| Governance costs | ||||
| Accountancy fees |
1,470 | 1,470 | ||
| Expenditure on charitable |
activities | 165,376 | 158,563 |