| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 | to | 3 |
| Independent Examiner's Report |
|||
| Statement ofFinancial Activities | |||
| Balance Sheet | |||
| Notes to the Financial Statements | 7 | to | 12 |
| Detailed Statement ofFinancial Activities | 13 |
| This year the Trustees made | This year the Trustees made | 6small grants totalling f17,500.One | 6small grants totalling f17,500.One | 6small grants totalling f17,500.One | 6small grants totalling f17,500.One | new large grants was awarded forf30,000for the years | new large grants was awarded forf30,000for the years | new large grants was awarded forf30,000for the years | new large grants was awarded forf30,000for the years | new large grants was awarded forf30,000for the years | new large grants was awarded forf30,000for the years | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| April | 2022 to March 2024. | The beneficiaries | are local | churches | or church affiliated projects whose aims are to support | |||||||
| people and families living in challenging and deprived settings, through within their local churches and community centres. In addition final f73,520 were made to projects which had been awarded grants in 2020 |
offering avariety ofactivities and projects based year payments and 2" year payments totalling and 2021.The main grants agreed were: |
|||||||||||
| Grants in |
Commitment | for | ||||||||||
| 2022/2023 | future years | |||||||||||
| Previousl a roved |
ants | |||||||||||
| Ashton Holy Trinity | 15,000 | |||||||||||
| Blackley StPaul | 19,150 | |||||||||||
| Bolton Third Space | 15,000 | |||||||||||
| Brunswick Christ Church |
10,000 | |||||||||||
| Collyhurst Gateway |
M40 | 10,000 | 10,000 | |||||||||
| Re:dish Community | Hub | 9,680 | ||||||||||
| Radcliffe, StAndrews | 8,840 | |||||||||||
| Wythenshawe, CofE |
5,000 | |||||||||||
| New Grants a roved |
2022/23 | |||||||||||
| Greater Together Manchester | 15,338 | 14,662 | ||||||||||
| TOTAL | 88,858 | 43,812 |
| 2023 | 2022 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | |||||
| funds | funds | fund | funds | funds | |||||
| Notes | |||||||||
| INCOME | AND | ||||||||
| ENDOWMENTS | FROM | ||||||||
| Investment | income | 121,381 | 121,381 | 116,657 | |||||
| EXPENDITURE | ON | ||||||||
| Charitable | activities | ||||||||
| Grant Aid | 106,358 | 106,358 | 106,820 | ||||||
| Other | 907 | 907 | 1,518 | ||||||
| Total | 107,265 | 107,265 | 108,338 | ||||||
| Net gains/(losses) | on | ||||||||
| investments | ~158,513) | ~158,513 | 300,027 | ||||||
| NKT | |||||||||
| INCOME/(EXPENDITURE) | 14,116 | (158,513) | (144,397) | 308,346 | |||||
| RECONCILIATION | OF | ||||||||
| FUNDS | |||||||||
| Total funds | brought forward | 442,926 | 4,291,726 | 4,734,652 | 4,426,306 | ||||
| TOTAL FUNDS CARRIED | |||||||||
| FORWARD | 457,042 | 4,133,213 | 4,590,255 | 4,734,652 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | ||
| funds | funds | fund | funds | funds | ||
| Notes | ||||||
| FIXEDASSETS | ||||||
| Investments | 4,133,213 | 4,133,213 | 4,291,726 | |||
| CURRENT ASSETS | ||||||
| Cash at bank | 457,042 | 457,042 | 442,926 | |||
| CREDITORS | ||||||
| Amounts falling due within one |
||||||
| year | 7 | |||||
| NKT CURRENT ASSETS | 457,042 | 457,042 | 442,926 | |||
| TOTAL ASSETSLESS | ||||||
| CURRENT LIABILITIES | 457,042 | 4,133,213 | 4,590,255 | 4,734,652 | ||
| NKT ASSETS | 457,042 | 4,133,213 | 4 590,255 | 4 734,652 | ||
| FUNDS | ||||||
| Unrestricted funds |
457,042 | 442,926 | ||||
| Endowment funds |
4,133,213 | 4,291,726 | ||||
| TOTALFUNDS | 4,590,255 | 4,734,652 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Other | fixed | asset | inv | - UnFII | 119,642 | 116,618 |
| Bank | Interest | 1,739 | 39 | |||
| 121,381 | 116,657 |
| STAFF COSTS | ||||||
|---|---|---|---|---|---|---|
| The average monthly | number ofemployees | during the year was as follows: | ||||
| 2023 | 2022 | |||||
| Administration | 1 | 1 | ||||
| No employees received emoluments |
in excess ofZ60,000. | |||||
| COMPARATIVKS | FOR THE STATEMENT OFFINANCIAL ACTIVITIES | |||||
| Unrestricted | Restricted | Endowment | Total | |||
| funds | funds | fund | funds | |||
| INCOME AND ENDOWMENTS | FROM | |||||
| Investment income |
116,657 | 116,657 | ||||
| EXPENDITURE ON | ||||||
| Charitable activities |
||||||
| Grant Aid | 106,820 | 106,820 | ||||
| Other | 1,518 | 1,518 | ||||
| Total | 108,338 | 108,338 | ||||
| Net gains on investments | 300,027 | 300,027 | ||||
| NET INCOME/(EXPENDITURE) | 8,319 | 300,027 | 308,436 | |||
| RECONCILIATION | OF FUNDS | |||||
| Total funds brought | forward | 434,607 | 3,991,699 | 4,426,306 | ||
| TOTAL FUNDS CARRIED FORWARD | 442,926 | 4,291,726 | 4,734,652 |
| FIXEDASSETINVESTMENTS | |
|---|---|
| Listed | |
| investments | |
| MARKET VALUE | |
| At 1 April 2022 | 4,291,726 |
| Revaluations | ~158,513) |
| At 31March 2023 | 4,133,213 |
| NKT BOOKVALUE | |
| At 31 March 2023 | 4,133,213 |
| At 31March 2022 | 4,291,726 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Taxation and | social security | |||||
| Other creditors | ||||||
| MOVEMENT IN FUNDS | ||||||
| Net | Transfers | |||||
| movement | between | At | ||||
| At 1.4.22 | in funds | funds | 31.3.23 | |||
| Unrestricted | funds | |||||
| Bank account | ||||||
| 10,000 | 10,000 | |||||
| Interest bearing bank account | ||||||
| 414,609 | 13,724 | 428,333 | ||||
| Deposit fund | 18,317 | 392 | 18,709 | |||
| 442,926 | 14,116 | 457,042 | ||||
| Endowment | funds | |||||
| Endowment | fund | |||||
| 4,291,726 | (158,513) | 4,133,213 | ||||
| TOTAL FUNDS | 4,734,652 | ~144,397) | 4,590,255 |
| Net movement | Net movement | in funds, included | in funds, included | in the above are as follows: | |||
|---|---|---|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | ||||
| resources | expended | losses | in funds | ||||
| Unrestricted | funds | ||||||
| Bank account | |||||||
| Interest bearing bank account | |||||||
| 120,989 | (107,265) | 13,724 | |||||
| Deposit fund | 392 | 392 | |||||
| 121,381 | (107,265) | 14,116 | |||||
| Endowment | funds | ||||||
| Endowment | fund | ||||||
| (158,513) | (158,513) | ||||||
| TOTAL FUNDS | 121,381 | ~107,265) | ~158,513) | ~144,397) | |||
| Comparatives | for movement | in | funds | ||||
| Net | Transfers | ||||||
| movement | between | At | |||||
| At 1.4.21 | in funds | funds | 31.3.22 | ||||
| Unrestricted | funds | ||||||
| Bank account | |||||||
| 10,000 | 10,000 | ||||||
| Interest bearing bank account | |||||||
| 406,310 | 8,299 | 414,609 | |||||
| Deposit fund | 18,297 | 20 | 18,317 | ||||
| 434,607 | 8,319 | 442,926 | |||||
| Endowment | funds | ||||||
| Endowment | fund | ||||||
| 3,991,699 | 300,027 | 4,291,726 | |||||
| TOTAL FUNDS | 4,426,306 | 308,346 | 4,734,652 |
| Comparative | net movement | net movement | in funds, included | in the above are | in the above are | as follows: | ||
|---|---|---|---|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | |||||
| resources | expended | losses | in funds | |||||
| Unrestricted | funds | |||||||
| Bank account | ||||||||
| Interest bearing bank account | ||||||||
| 116,637 | (108,338) | 8,299 | ||||||
| Deposit fund | 20 | 20 | ||||||
| 116,657 | (108,338) | 8,319 | ||||||
| Endowment | funds | |||||||
| Endowment | fund | |||||||
| 300,027 | 300,027 | |||||||
| TOTAL FUNDS | 116,657 | . (108,338) | 300,027 | 308,346 | ||||
| A current year 12months | and prior year 12months | combined position is as follows: | ||||||
| Net | Transfers | |||||||
| movement | between | At | ||||||
| At 1.4.21 | in funds | funds | 31.3.23 | |||||
| Unrestricted | funds | |||||||
| Bank account | ||||||||
| 10,000 | 10,000 | |||||||
| Interest bearing bank account | ||||||||
| 406,310 | 22,023 | 428,333 | ||||||
| Deposit fund | 18,297 | 412 | 18,709 | |||||
| 434,607 | 22,435 | 457,042 | ||||||
| Endowment | funds | |||||||
| Endowment | fund | |||||||
| 3,991,699 | 141,514 | 4,133,213 | ||||||
| TOTAL FUNDS | 4,426,306 | 163,949 | 4,590,255 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| Unrestricted | funds | ||||
| Bank account | |||||
| Interest bearing bank account | |||||
| 237,626 | (215,603) | 22,023 | |||
| Deposit fund | 412 | 412 | |||
| 238,038 | (215,603) | 22,435 | |||
| Endowment | funds | ||||
| Endowment | fund | ||||
| 141,514 | 141,514 | ||||
| TOTAL FUNDS | 238,038 | ~215,603) | 141,514 | 163,949 |
| DETAILED STATEMENT OFFINANCIAL ACTIVITIES FOR THK YEAR ENDED 31MARCH 2023 |
||
|---|---|---|
| 2023 | 2022 | |
| INCOME AND ENDOWMENTS | ||
| Investment income |
||
| Other fixed asset inv - UnFII |
119,642 | 116,618 |
| Bank Interest | 1,739 | 39 |
| 121,381 | 116,657 | |
| Total incoming resources |
121,381 | 116,657 |
| EXPENDITURE | ||
| Charitable activities |
||
| Grants to institutions | 106,358 | 106,820 |
| Support costs | ||
| Finance | ||
| Wages | 835 | 629 |
| Pensions | 746 | |
| Bank charges | 72 | 83 |
| 907 | 1,458 | |
| Governance costs |
||
| Accountancy and legal fees |
60 | |
| Total resources expended |
107,265 | 108,338 |
| Net income/(expenditure) | 14,116 | 8,319 |