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|---|---|---|---|---|
|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|
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||||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|
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|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|
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|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|
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||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|
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|||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|
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|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|
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|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|
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|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|
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|||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)|
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|||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|