TfJA NORMAN COX & ASHBY IL WORLD DAY OF PRAYER NATIONAL COMMIThEE FOR ENGLAND, WALES AND NORTHERN IRELAND ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Reglstered Charlty No 233242 NORMAN COX & ASHBY CharteTrdAccountanls I>osv8nor Lodge 72 Grosvenor Road Tunbrid9e Well8 Kent TN12AZ WORLD DAY OF PRAYER NATIONAL COMMrrTEE FOR ENGLAND, WALES AND NORTHERN IRELAND CONTENTS FOR THE YEAR ENDED 31 DECEMBER 2W23 Page REPORTS Report of the Trustees Report of the Independent Examiner FINANCIAL STATEMENTS Statement of Financial Activilies Balance Sheet Notes to the Flnanclal Statements 8-16 WORLD DAY OF PRAYER NATIONAL COMMirrEE FOR ENGLAND, WALES AND NORTHERN IRELAND REPORT OF THE TRUSTEES FOR THE YL4R ENDED 31 DECEMBER 2023 The trustèes present their report and the accounts lor the year eNled 31 December 2023. The flnandal statements have been prepared In accordance wllh the accounung pollcles s&lout in note 110 the accounts and compty with the charlty's Irust deed. 1he Charhles Act 2011 and accounting and Reportlng by char￿S. Statement of Recommended Practlce appllcable to charltl&s preparing thelr accounts in accorda￿ wlth the FIna￿la1 Rep(th StaNlard In the UK and Reputlic of Ireland (FRS 102). OBJECTIVES AND ACTivmE8 Prfn¢lpal ObJ•dlv•s The principal object of the charlty 15 to unite Christians in Fyayor. A¢tlvlths The trust ftjrihers Its d)arilable purp¢w for Ihe public benefft by: li) hoiding seryices on the first Frklay in March in gach ygar. lil) foslertng local interden￿11n3I1Q￿al prayer groups and other activiti¢s bringlng womèn tLwJelher In ¢lo$er lellowshlp. underslandir*J and actb)n throUgh￿rt Ihe year., 11111 dlthbullon of Christlan Ilterature; lfv} supportlng women throughout the wcxld with infomied prayer arKI prayerful actlon; and {v) asslsting proSe¢ts, financially or otheNise, run by Christian charilles throughout the world. During the year. the Chartty continue seNed throughout the year and to the date of signature of this rewt Mrs Nicola HoskiTrSlon8 Tho Rev Carol8 Boume The Rev Louise Bowes Offlcer8 President Chairperson Vice Chairperson Appolnted Officers Mrs Nicola HaSkI￿St0ne From 20 September 2022 The Rev Carole Boume From 20 Seplember 2022 The Rev Loulse Bowes From 20 September 2022 Mrs Uz Hall From 20 S&ptombgr 2022 Mrs Elalne Bamett From 19 Soptombgr 2023 WORLD DAY OF PRAYER NATIONAL COMMIThEE FOR ENGLAND. WALES AND NORTHERN IRELAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 (CONTINUED) STrUCTURE, GOVERNANCE AND MANAGEMENT ICOIfflNUED) R•fernnce and Admlntstrallve Infomiatlon (Contlnued) Office Manager VIL￿ Danldl Indepèndent Examkner N M G0wer￿MIth FCA Nom)an Cox & Ashby. Ch8rt&redAccount8nts GrosveMr Lodp, 72 Grosvenor Road Tunbrfdge WelL8. Kent TN12AZ Bankers Nallonal WestrnFnster Bank Flc 89 Mount P￿asant Road Tunbrldge WelL%. Kent TN1 1 QJ Solicltors Drysdales Cumberland House 24-28 Baxter Avenue Southend on Sea, Essex SS2 6HZ ststgmèrt ol T￿￿$. Responslbllltle8 The Irustees are re8F¢n$lb￿ for prepariro the Tru9tees' Annual Rewt aThJ finan￿al statements In accordance with applicable law and United KlrKJ(knm Accojnting Standards {Unlted Kingdom G&nerally Accepted A¢countlng Practice). The law applicable to ¢harities in England and wa￿ requires the trustees to prepare tinancial Statements for ea¢h year whlch glve a true and fair view of the slate of affairs of the charlty and of the In¢omlng resoufL*S and 8pplication of resour￿ of the charity for that ￿riod. In preparing these flnanGial statemants, Ihè trustees are requlred to: select suitable a¢¢ountEng w11￿ and appty them conststenlly, obseNe the methods and principles of the Charities SORP: make judgements and estimates thal a￿ ￿asonable prudenL state whelher appltsbFe accounting siandards have been followed, subject to any matedal dèpartures that musl be digck)sed and explained in the finandal statements., and p￿pare the financial $latements on 8 SY•¢ng COr￿M basis unless *is H)aFvrowiatstopre8ume that the charlty wlll ¢onllnue in 0￿￿th)n. The trustees are reswnslbb keeplng proper ac¢thJnting records that disdose with reasonable accuracy at any time the fir￿cial posltion olthe tharity, and to enable them to ensurethal the financial statements compty wtth the Charities Act 2011, the Charity (Accounts and Reports) Regulatlons 2008, and the provi3Kins of the Constitution. They are abo responsible for safeguarding Ihe assets of the charity and fortaking reaSOna￿e steps lor Ihe Ffevention and detection of fraud and olherirregularitses. Tne trustees are responsible for the maintenance and inlegrity of the charlty and financ4al information i￿l￿ded on the charity's website in accordance with 18glslation in the Kingdorn govemlng the preparatlon and dissemination of firbanGial statements. This report was approved by the trustees on 13 May 2024 and SFgned on th8w bghalf by: C BoLrne ChaSrperson and Trustee WORLD DAY OF PRAYER NATIONAL COMMITTEE FOR ENGLAND, WALES AND NORTHERN IRELAND REPORT OF THE INDEPENDENT EXAIAINER TO THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 I r8Fth lo th8 trust888 on my examination of Ihe accounts cl Ihe World Day of Prayer NaUDnal Committ88 for Engknd, Wales arnl Northern Ireland {IheTtusfifortrEyearended 31 De¢ember2023, which are sot out on pages 6 to 16. RESPONSIBILITIES AND BASIS OF REPORT A8 the charity truslees of Ihe Trust, you are respOn￿t￿e for the preparatlon of the accounts In accordance with the requirements of thg Charities Aca 2011 (Ihe A¢f). I report in respect of my examination oflheTnJst's actounts L2rried out undersectlon 145ofthe Act8nd in carrying out my examination I have fdlowed aN the appll¢able Directions glyen by the ChaTtIy CommissM)n under section 145(51(bl of the A¢L INDEPENDENT EXAMINER'S STATEMEKr The charlty's gros8 income ex(*eded £250.(M)O. l am ewalified to undertske the examlnatlon by belrKJ a qualified member of the Institute of Charte￿d AcC￿ntsnts in Eroland and Wales. I have completed my 8xamlrJatkm. I confimi that no mthial mattets have come to my attenuon In connection w6th the examin8tlon whlch gfves me cause to belleve that In any materlal respect: • the acc•)untlng records were not kept in wirdanr• wilh S8ction 130 oflh8 Act,. or the accounts dld not accord with the accounting r6wrds; or th8 accounts did not￿MplYW11h the applicab￿ requirements concerning the fomi and contentof accounts set clut in th8 CharitEs {Accounts and Rewts) RegulatKffis 2008 other Ihan any requlremenl that th8 accounts givé a Irue and faiff vlwN bthich i8 not a matter consIde￿d as part ol an independent eXamina￿n. I have no concems arKt have come acros8 other matt8rs in connecaion wilh the examination towhich attentlon should be drawn In thls rep(Yl in order to enable a prorAr understanding of the ac¢ounts to be reached. N M Gower-smlth, FCA NORMAN COX & ASHBY Chartgr8dAccounlants Grosv8nor Lodg 72 GrDsvÈnor Ro& TunbrklgB Wells Kent TN12AZ 13 May 2024 WORLD DAY OF PRAYER NATIONAL COMMrrrEE FOR ENGLAND, WALES AND NORTHERN IRELAND STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31 DECEMBER2023 Total FuTrJs 2023 Total F￿d$ 2022 UnreStr￿ted Restricted Funds Fund Note INCOME D¢>natlon$ and Lega¢lè$ Donatlons and cont￿bl￿10ns Glft AKI Recoverable L¢gacbs 268,998 28,093 268.998 28,093 313,837 25.210 350 Charltablg AGllvltles Sale of Resour¢es and Publl¢aticffis 35.320 35,320 29.535 Investment In¢ome Inlerest on Cash Dewslts 4.262 4,262 Total In¢eme 336.673 336,673 369.740 EXPENDITURE Charltable Acllvltles Organlslng the Day of Prayèr Grants Payable 253.383 108.686 378 253,761 108,686 318,761 108,994 T4)tal Expendltur• 362,069 378 362,447 427.755 EXPENDrruRE AND MOVEMENT OF FUNDS FOR THE YEAR (25,3961 {378) 125,774) (58.015) RECONCILIATION OF FUNI)S Total Funds brought forward at 1 January 2023 369.105 378 369,483 427.498 TOTAL FUNDS CARRIED FORWARD AT 31 DECEMBER 2023 13 £343.709 £343,709 £369.483 WORLD DAY OF PRAYER NATIONAL COMMrrTEE FOR ENGLAND, WALES AND NORTHERN IRELAND BALANCE SHEET AT 31 DECEMBER 2023 2023 2022 Not8S FIXED ASSETS Tangl￿e Assets 147,336 149,095 CURRENT ASSErs stock Debtor8 Cash at Bank and in Hand 13,516 2,917 210,271 1.263 10.746 231.115 Total Current As$&ts 226,704 243.124 LIABILrriES Credltors falling due withln one year 30,331 22.736 Net Curront Ass¢ts 1￿.373 220,388 NEf ASSETS £343,709 £369,483 THE FUNDS OF THE CHARITY Unrestricted Incom6 F￿d$ 10 General Fund Deslgnated FurNIs 108,709 163,853 205.252 343.709 369,105 Restricted Income Fund 11 378 TOTAL CHARrrY FUNDS £343,709 £369,483 Theseflnanclal statements were approved bylhe truslees on 13 May2024 and Slgned on ￿1rbehav by C Bourne Chalrperson and Trustee WORLD DAY OF PRAYER NATIONAL COMMirrEE FOR ENGLAND. WALES AND NORTHERN IRELAND NOTES TO TFIE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POUCIES la) Basls of Preparatlon and A8￿￿￿nI of Golng Con¢em The finand81 statements have been prepared n acc(Ydance withAccountiro and Reporting by Charitles.. Statement of Recommendod Practice I'charities SORP.) applKablo to charlues preparlng ther accounts in accordance with the Finan￿al Reporlng S￿dard applicable In the UK and Republlc of Ireland (FRS 102)} and the Financial Reporting Stsndard applicable In the United ￿￿gdoM and Republic of Ireland (FRS 102). Assets and liabdiues are iniknalty recognlsed at historical cost or transaction value unless othe￿iSe stated in the relevant accounlNJ polty ￿te. The charfty conslltutes a publ* benefrt entty as defined by FRS 102. The trustees con￿der that there we no malerial urKertainties ab￿Jt th6 charity's abillty to continue as a going conwn. The most sKJnificant area of uncertainty is the level of donated Income whlch needs to be raised each year and is covered in more detal in the performance sectton of the Truslee8' Rewrt. (b) Fund8 Structure Unreslrfcted Inco￿ Funds are expendable allhe thTetlon ofthe trustees In the fijrtherance of the objects of the ch8rity. DesMJnaled Funds are unrestricted gerwalfvnds set aside bythe trustees for a specffic purpose. The Designated Funds are: {al The Conlingery Fund which comprises amounts sel as*Je to provide su￿￿ent fijnds lo meet the ￿$1 of one yearfs Day of Prayer. A transfer 01 £30.OIXI is made from the General Fund each year. In a(klilion, the tn￿lee$ make further tran8fer8 for specific pU￿oseS. Ibl The Young Women'8 Conlerenr* Fund whlch exk8ts to financ8 conf8ronces to be hekl in future years. Restrlcled Income Funds are grfts receNed with the use r8stricted by the doncf. The Restricted Fund is Ihe European Fundwhich comprtses donat￿n9 rec8ived to provhye the travel expenses for attenda￿e 81 European Committees of hvo delegates from Europe who are members of the Interna￿n81 Executive Commitie& of Ihe Workj Day of Prayer. (¢) In¢ome Recognltlon All Income b re¢ognlsed w the ¢harity has enliuèrrent to the income. there is suffldent ¢ertainty of receipt so it is probable thatthe incomewll be r￿[Ved. and the alr￿ntOf1ncorne receivable ¢an tre measwed rellaNy. Branch Income Is recognlsed when Ihe remittan(* has been r￿￿ed from e8ch Indlvldual branch and Tt is matched to the appropriate banking. Other donatk?ns are recognked al th6 point of receipL S816s of g(￿5 and puUicatior¥8 are a¢¢ount8d forwhen they are received. Interest on funds hekl on deposit is induded Uk>)n nollflcation of the interest pahj or payable by the bank. WORLD DAY OF PRAYER NATIONAL COMMIThEE FOR ENGLAND. WALES AND NORTHERN IRELAND NOTES TO THE HNANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2WJ (CONTINUED) ACCOUNTING POLICIES {COPrnNUED) Id) Expendltur• Recognltlon Liabilities are recognL8ed asexpendiiure as soon as there is a legal or congtruct5ve oblb3atKJn committing the charity to that expenditure. li Is probable that Settle￿nI will be requlr8d and the amount of the obligatlon can be measured rellabty. Al eXpe￿Ilture Is acu)unted for on an ac(xuals basis. All expenses. includlng govemance costs, are allocated ￿ apporfK)ned tothe am11￿b￿ expenditure headings in the slatemgnt of nancial activiti&s. Grants payable are payments made to third parties in thefvrtherance ofthe charitable obpcts of the charity. In the case of an uncofKlttional grant offer. thls Is aCcn￿d once approved. lel Allocallon of Support and Governance Costs Support costs and govemance costs are induded in exPe￿e9 ofcharilablB activtsies a5 they are dl Incurrgd in lurthernnce ol the charitable aim of f￿litating the Day of Prayer. Governanc8 costs eomwlse all Involwro the public accountabilty of the charlty and its compliance wlth rewlallon and gwd pradi¢e. Trse c08ts include costs relaled to the irmjependent examlnatton and expenses incurred on behalf of the trust8es. Charltable Acthiltles The expanditure on charitable actlyitlès indudès operating and ￿yminIstraIfvO ¢osts, grants payabl& and governance costs. (g) Tanglble Flx•d Assets and Depreclallon F￿(8d assets are Included at c¥)st less depreciation. AFI items wlth a pur¢ha$e prfce of more than £100 have been capitalised in th8 of puri*89e. Depreaation has been provlded at Tates to writs off the ￿t of fixed assets over their expected usefijl I￿e$. Office Equlpment 20% p8T annum on C￿91 Freehokl propety has been Included at the ￿t canylng valu8 at 1 January 2016. In accordance with FRS 102 and the ChaTities SORP il has not been depreciated. Ifany annual Impalmient review slTh$ thal a perman8nt diminution in value of the property has cccurred, provisbn is made and Induded in deprec#ation. {h) Sloc Stod( of publication5, vlsual alds and sundry Item for Tesale are valued at the lower of (y)st and net realisable value. (l) Pensl¢>n Th8 charty makes contributtons to a defined contritrtrtion scheme set up by automatlc enrolment under the Pensions Act 2008. The assets of Ihg scheme are held Separately from the assets ofthe charity. The charge for the pensi￿ cost represents contrlbut10r￿ payable to th8 ￿herne. The liaknlity of the charity L8 limited to the anK)unt of the contrlbutlons. WORLD DAY OF PRAYER NATIONAL COMMirrEE FOR ENGLAND, WALES AND NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2023 {cO￿riNL}ED> unreSt￿ted Restricted Funds Fund Totsl 2023 Total 2022 EXPENDITURE ON CHARrrABLE ACTivmE8 (a) Oryanlslng the Day of Prayer Salarles {Note 3) Premlses and Other Costs Prlnling and Direct Costs MeéllrKJs and Travel Postagè and Carrlqge Govemance Costs Independent Exawdnati(xJ Fee A¢¢ountlng and Other Sérvices from Independent Examinerfs Finn Trustees. Liability Insurance 82.419 30.137 60,126 30.759 36,962 82,419 30.137 60,126 31,137 36,962 88,368 81,218 75,408 33.170 31,367 378 2,895 2.895 2,345 9.453 9.453 632 5,975 910 2S3.383 378 253,761 318.761 (b) Grants Payable (Not8 4) Slngle Institutional Core Grants Annual Donations Development Grants Project Grants Intemational Donations Grants Allocated by th8 Commlttee for the Welsh Speakwig Churches 5.000 4,000 10,000 35,536 10,762 4.000 25.0(KJ 4,000 25.000 50.000 18,725 18.725 5,957 5.957 5,950 108,686 108.686 71.248 TOTAL EXPENDITURE FOR THE YEAR £362.069 £378 £362,447 £390.000 10 WORLD DAY OF PRAYER NATIONAL COMMIThEE FOR ENGLAND, WALES AND NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YB4R ENDED 31 DECEMBER 2023 (CONTINUED) 2023 2022 EMPLOYEES The average monthty number employed by the charfty during the yoar was: Salaries Soclal Se¢urity Costs PenSIc￿ Contributions 74.559 2.359 5.501 83,667 1,396 3,305 TOTAL EMPLOYMENT COSTS FOR THE YEAR £82.419 £88,368 During the yearthere werelwo full tlmeempWe5 and ontr parttlmè wnployee. All th8 tlme ollhe employees involved 8UPPOrt Servi￿$ to the charttable actNilies and 5UPPOrt to the govemance of the charity. No employee eamed more than £60.000 peranwm. Unthr automatr enrolment under the Penslons Act 2008, the charty commenL*d to make contributk)n5 fr*iwo employe85 during tho year. There were no outstanding ¢ontributionB at the balance Str￿1 date. GRANTS PAYABLE (a) Slngl• Institutlonal Cor¢ Grants 28 Too Many 5,000 5.000 Ib) Slngl8 Institutlonal Donatltyn$ BrI￿sh Red Cross Royal National Instiiute for the Blind salva￿on Amiy 2,000 4.000 2.000 4,000 8,000 4.000 Icl Development Grants Embracfj the Mkldle East Traidcr8ft Exchange SAMS Ireland The Big F￿se Transform Burklna Zambuko Ra Jèhova 5.000 5,000 s,000 5,000 5.OCKI 5,0 5,000 5,000 25.000 15,000 WORLD DAY OF PRAYER NATIONAL cOMMI￿EE FOR ENGLAND, WALES AND NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 DECEMBER 2023 {coMnNUED> 2023 2022 GRANTS PAYABLE IConllnued> Id) Slngh Institutlonal Project Grnnts Bible SOc￿ty NfKth8m IrelarKI Chrfslian Aid - Libya12022 Ukrwnèl Church Paslornl Socknty Cord COrry￿￿18 Cornnmy Feed Ihe MiThls Food for the Hungry Forward Africa EdwAtkJn Tnrnt Frlands of the Holy Land rls Brigade Norlh8m IteLaTr Ho￿S of Prom￿• Hope and LkJhl H¢)pe Christian Tw¥t Imago Sei Innowsta Intsm8llon Jacaranda UK lfjds Alive LfvBblllty Leaders of Worshlp and PreaL*8￿ Tntst kl8ryleb)ne ProJèd Mothotst t￿[Ch hAlddle E&%t Medig Mlnd Ihe G4> Misslon withrrtrt Bcrfdeys Mosaic ￿dI& Eagt Move the Nèw Hopg Trust P8kistan FI¢xKI Appe81 Pe?¢e Works.Jmbobwe. Pockham Park Churd) Pioneers UK Ministrns Porrhjge and Pen5 Pr8yer spa￿ in SdKKAs Quaker C Raven Hou86 Tru8t Rg#ch pple Effect S8ilots SoGi8ty Samarftans Fkne Sixty Ckne SpOrtsR￿ch Teèn ch￿lenge UK T0￿h Trust Touthstone Toy Box Charity Transtsm Burkina IT*v 9th) Vina Trust Word for the Worfd Zambia Orpharts Aid 500 5.000 500 3.CQO 2,CQO 800 2,{￿10 2.358 5.0 2.000 500 1.000 1.000 1,000 2.0 2,000 667 1.515 500 1,000 2,OC() 500 2,C(g0 1,196 2,￿0 1,1XJO 2.OlX) 1,000 2,IXIO 1,O(XJ 1.CKJO 50,OtKJ 30,536 12 WORLD DAY OF PRAYER NATIONAL COMMirrEE FOR ENGLAND. WALES AND NORTHERN IREIAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 {CONTINUED) 2023 2022 GRANTS PAYABLe {Contlnued le) Slnglé Institutlonal Intematlonal Donatlons Wodd Day of Prayer Intemational Commlttee- Annual Wodd Day of Praygr National Committ88 ofAknania 16,221 2,508 5.726 5,036 18,729 10,762 Ig) slngh Grant Wodd Day of Prayer- Norlhem Ireland 1,(K)O (h) sIng￿ Institutlonal Grants Allocated by the Commlttee for Welsh Speaklng Churches Assocla￿0n of cer￿j￿h51On Indep8rKlenl Ch￿￿￿￿8 Bancyfelln Chapel Bro Nanl Conwy Care Pastorate C81 Newydd Independent Church Slnglng Assembty and Clrcle Churches Together in Wa]es Cymdellhas y Cymcrfl Cyrw Ysgollon Sul 40D 1,050 100 450 675 450 450 Cristion Iner(lenominatonal PU￿cation Denomina￿0￿al and InterdenominatiLYsal PLth?tions Ebeneser Sunday Sthool. Treuddyn Gofalaeth Bo LIan￿ch1tyn Hope-slioh Chap81. Pontardulalg LlyfrBu Llafar Cymru The Methodlst Church Wèlsh Clrcuit B￿rnOnthty PUbl￿n P8nty¢rugiau Chapgl Pri¢ydy Chapel, Caerfyrddln Publicatlon of the Word Salem Sunday School, Rhy&y-FoeVHLYeb. Bel￿3 yn R￿)5 Sunday S¢hool Councll Tabern8cle Club and Sunday Sd￿DI.Pancader Union of Welsh Independents 750 1,450 407 375 250 750 100 400 500 300 500 100 1,100 5,957 5.950 TOTAL GRANTS PAYABLE IN THE YEAR £108,686 £71,248 13 WOMEN'S WORLD DAY OF PRAYER NATIONAL COMMirrEE FOR ENGLAND, WALES AND NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 (Co￿￿lNuED) TANGIBLE FIXED ASSETS Fre8hold Office Ewipment Total Cost or Valuatlon At 1 January 2023 and al 31 Decemb8r 2023 144,000 60,056 204,056 D•pre¢lallon At 1 January 2023 Charge for the year S4,￿1 1,759 54.961 1.759 At 31 December 2023 56.720 56.720 Net Book Valuo At 31 Decemtrm 2023 £144,￿10 £3.336 £147.336 At 31 December 2022 £144.QOO £5.095 £149.095 The freehold property COn￿Sts ofa F￿pertY k)cated In Cornmercial Road, Tunbridge Wells, u89d by the charity for offices and is corwuently a functional fixed asset. 11 was valugd at £150.000 on 9 DeL*mber 2010 by Bracketts. Chartered Smyors. Tunbridgèwells. Depreciationof£6,000 was charged up to 31 December 2014. 11 hag been Induded at th& nel caTryingvalu8 at l January 2016 of £144,000. It has nol b8en d8pre¢lated, as allowed by FRS 102 and the Charilles SORP. Provision will be made and the charge irKluded In deprecIa￿Tr rf an annual Impairment review shows a pemiarent dtyninuknn in the value of the property has occurred. A valuatlon by a Chartored Surveyor on 15 September 2017 gove an open mart(et value of £185,000. 2023 2022 STOCK Stock of Goods £13.516 £1,263 DEBTORS Debtor8 PrepayThents 9,251 2.917 £2.917 £10,746 14 WOMEN'S WORLD DAY OF PRAYER NATIONAL COMMrrTEE FOR ENGLAND, WALES AND NORTHERN IRELAND NOTES TO THE FINANCIAL STATEhlENTS FOR THE YEAR ENDED 31 DECEMBER 2023 {CONTINUED) 2023 2022 C￿H AT BANK AND IN HAND Natlonal Westrnlnster Bank Current Account Liquidity Manager 30 Day A¢Lwnt European Fund Account Bonus Saver Llquidity Manager 35 Day Account HSBC plc Current A¢{￿￿1 (Wales) Petty Cash 9.597 12.189 28,926 12,043 540 177,626 6.440 173.541 10,041 278 9,925 132 £210,271 £231,115 LIABILMES Credknrs felllng due within yoar Accruals Other Credltors 16.296 14.035 7,206 15.530 £30.331 £22,736 10 UNRESTRICTED FUNDS General Fund Dgslgn8ted Funds Conttngency Conference Fund Fund Total Fund8 At 1 January 2023 Income Expenditure Transfer betsyeon Fund8 163.853 336,673 (361,817) (30.CI)O) 205,000 252 369,105 336.673 1362.069) (2521 30.000 At 31 D￿mber 2023 £108,709 £235,000 £343,709 The Unrestricted Funds are available to be s￿￿nI for any of th8 purposes of Ihe tharity. The Contlngency Fund represents amounts set aside for the continuiro opgr8lion oflh9 charty in Ihe event of a m8j0T decline in offerings, mainty caused by gevere external ovents. The Young Women's Conference Fund was closed during th&￿¥. It cy)mW￿8d fijnds set asid8k* future conferences. 15 WOMEN'S WORLD DAY OF PRAYER NATIONAL COMMITTEE FOR ENGLAND, WALES AND NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 (cO￿lNUED) 11 RESTRICTED FUND At 1 January 2023 Income Expgndituro 378 13781 At 31 Decembgr 2023 Th8 Restricted Fund is the Eun)pean Fund. whth was closed du￿Trg the year. 11 comprlsed donations receN8d to provide Ihe travel expensesfor attendanco at European Commiitees by Iwo del8gat8s from Europe who are members (rfthe Intem8tr)nal ExecutNe Committ¢B of the Wc*ld Day of Prayer. 12 TRUSTEES The trLK%t6B5 all gfve of thetr lime and expertlse. withoth any lomi of remunerauon or other beneflt In ca$h or kind12022: £nil). D￿n9 the year. thrae tr￿lee$ wero TermbuTS8d £7,497 {2022'. £6.2681 for travel, telephone and office expernes In￿rred in (*)nnectic￿ wilh the operatlon of the charity. Twstees, liability Insurance has ￿en ob12ined at a cost of £632 {2022'. £910). 13 RECONCIUATION OF FUNDS Total 2023 Total 2022 Fund8 Fund At 1 January 2023 369,105 378 369,483 427,498 Net Movements in Funds for the year 125,396) {3781 (25,TT4) 158,015) Al 31 Dec8mb8r 2023 £343.709 £343,709 £369,483 Represented by: Flxed Assets Current Assets Current Liabilities 147.336 220,704 130.331) 147,336 149,095 226,704 243,124 (30,331) 122,736) £343.709 £343,709 £369,483 14 FINANCIAL COMMITMENTS The ¢harlty had no annu81 commitments under non4ancellable op8rating leas8s at 31 De¢ember 2023 or at 31 December 2022. 16