TRUSTEES TO THE BRISTOL SUNDAY SCHOOL UNION
FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023
Charity Number: 245831
TRUSTEES TO THE BRISTOL SUNDAY SCHOOL UNION
YEAR ENDED 31 DECEMBER 2023 RECEIPTS AND PAYMENTS ACCOUNT
| RECEIPTS Notes Income from Assets Dividends and interest 1 Donations Proceeds from sale of investments PAYMENTS Charitable activities Grants to affiliated churches 2 Event costs Trustee Insurance Accountancy fee TOTAL PAYMENTS NET RECEIPTS |
2023 £ 6,527 - 35,004 |
2022 £ 4,652 500 - |
|---|---|---|
| 41,531 | 5,152 | |
| 3,342 389 200 642 |
1,156 - 185 1,122 |
|
| 4,573 | 2,463 | |
| 36,958 | 2,689 |
The notes on page 3 form part of these financial statements
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TRUSTEES TO THE BRISTOL SUNDAY SCHOOL UNION
AS AT 31 DECEMBER 2023 STATEMENT OF ASSETS AND LIABILITIES
| Notes Fixed Assets Investments 3 Current Assets Bank and cash in hand 4 Total Assets Liabilities Accruals Fund Balances at 31 December 2023 Capital Fund Income account |
2023 £ 156,193 47,167 |
2022 £ 181,435 10,209 |
|---|---|---|
| 203,360 | 191,644 | |
| 684 | 642 | |
| 684 | 642 | |
| 156,193 46,167 |
181,435 10,209 |
|
| 202,360 | 191,644 |
Signed on behalf of the trustees on ….........................
………………………….
Karen Brown Trustee
The notes on page 3 form part of these financial statements
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TRUSTEES TO THE BRISTOL SUNDAY SCHOOL UNION
AS AT 31 DECEMBER 2023 NOTES TO THE ACCOUNTS
1 Income from Investments
Comparison of yields on cost and valuation of investments are as follows:
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Income | 6,527 | 4,652 |
| Return on cost of investments | 10% | 7.00% |
| Return on valuation of investments | 4% | 2.56% |
2 Grants
12 grants were made to 10 affiliated churches during the year, amounting to £3,342, compared to £1,356 given in grants to 4 churches in 2022.
3 Investments
| Holding Units COIF Charities Investment Fund 6,361 CAF UK Equity Fund - Murray Income Trust 1,488 Barclays PLC ordinary 11,273 Total |
Cost Current price £ £ 36,337 19.8450 - 5,000 8.6500 25,073 1.5164 66,410 |
2023 2022 £ £ 126,228 115,605 - 34,300 12,871 13,660 17,094 17,870 156,193 181,435 Market value |
2023 2022 £ £ 126,228 115,605 - 34,300 12,871 13,660 17,094 17,870 156,193 181,435 Market value |
|---|---|---|---|
| 156,193 | 181,435 |
The value of investments at the year end was £156,193 which is an decrease of £25,242 from the prior year.
4 Cash Reserves
| Brought forward Net receipts/(payments) Carried forward Represented by: Lloyds Bank current account COIF Deposit fund Cash funds 31 December 2023 |
2023 £ 10,209 36,958 |
2022 £ 7,520 2,689 |
|---|---|---|
| 47,167 | 10,209 | |
| 35,232 11,935 |
165 10,044 |
|
| 47,167 | 10,209 |
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