| CONTENTS | ||
|---|---|---|
| Pages | ||
| Reference and administrative details |
||
| Report ofthe | Trustees | 2-5 |
| independent | Examiner's Report |
|
| Statement of | Financial Activities | |
| Balance Sheet | ||
| Notes to the Financial Statements | 9-13 |
| THE DOWN GOSPEL TRUST | |||||
|---|---|---|---|---|---|
| STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR | ENDED 5 | APRIL 2023 | |||
| Yearto | Year to | ||||
| ALL ITEMS RELATETO UNRESTRICTED | FUNDS | 05.04.2023 | 05.04.2022 | ||
| INCOME FROM | |||||
| Special Universal Contdbution Contributions from the Congregation Gift-Aid Donations Tax Refunds on Gift-Aid Other Donations- Individuals |
0 31,400 39,045 9,761 9,344 |
120,000 23,000 155,208 38,802 14,195 |
|||
| Company Donations |
109,100 | 96,600 | |||
| Payroll Giving |
591 | 643 | |||
| Interest Received | 1,096 | 6 | |||
| TOTAL INCOMING RESOURCES |
200,337 | 448,454 | |||
| EXPENDITURE ON | |||||
| PROPERTY RUNNING COSTS |
|||||
| Council Tax, Water gr Sewerage Light and Heat Repairs, Maintenance gr Security Grounds Maintenance Cleaning and Consumables |
4,156 12,422 10,660 4,934 759 |
1,803 8,314 13,128 14,031 177 |
|||
| Waste Disposal | 404 | 370 | |||
| Telephone and Broadband |
927 | 449 | |||
| Insurance Professional Expenses |
7,152 192 |
5,930 3.233 |
|||
| Sundry | 321 | 119 | |||
| Depreciation | 91,892 | 78,745 | |||
| 133,819 | 126,299 | ||||
| OTHER CHARITABLE ACTIVITIES | |||||
| Congregation —Covid Test Kits | 9,715 | ||||
| GOVERNANCE COSTS |
|||||
| Accountancy and Independent Professiona! Support Costs |
Examiner | 2,345 3,918 |
3,910 2,370 |
||
| TOTAL RESOURCES EXPENDED | Note 7 | 149,797 | 132,579 | ||
| NET SURPLUS FOR YEAR | 50,540 | 315,875 | |||
| TOTAL FUNDS BROUGHT FORWARD | 2,394,424 | 2,078,549 | |||
| TOTAL FUNDS CARRIED FORWARD | 2,444,964 | 2,394,424 |
| As at | As at | ||
|---|---|---|---|
| 05.04.2023 | 05.04.2022 | ||
| TANGIBLE FIXEDASSETS | Note 2 | ||
| Freehold Property |
2,331,813 | 2,270,348 | |
| Furniture, Fittings and Equipment |
13,180 | 15,169 | |
| TOTAL FIXEDASSETS | 2,344,993 | 2,285,517 | |
| CURRENT ASSETS | |||
| Debtors | 3,530 | 6,162 | |
| prepayments Bank Accounts |
8,035 164,511 |
4,907 104,197 |
|
| 176,076 | 115,266 | ||
| LESS:CURRENT UABIUTIES | |||
| Amounts Fallin Due Within One Year |
|||
| Creditors Accruals |
1,612 2,410 |
1,948 4,411 |
|
| Unsecured Loans |
72,083 | 0 | |
| 76,105 | 6,359 | ||
| NET CURRENT ASSETS | 99,971 | 108,907 | |
| NET ASSETS | 2,444,964 | 2,394,424 | |
| Represented by:- |
|||
| FUNDS —UNRESTRICTED FUNDS | |||
| General Fund |
2,444,964 | 2,394,424 | |
| Cell cB | |
2,444,964 | 2,394,424 |
| NOTES TO THE FINANCI TANGIBLE FIXEDASSETS These Comprise |
AL STATEMENTS FOR THE YEA | R ENDED APRIL |
2023 CONTI |
|---|---|---|---|
| Freehold | Furniture, | ||
| Land and | Fittings and | ||
| ~Buildin s |
Mttti tt |
Total | |
| COST | f | f | |
| As at 06.04.2022 Additions |
3,007,294 148,964 |
163,015 2,404 |
3,170,309 151,368 |
| As at 05.04.2023 | 3,156,258 | 165,419 | 3,321,677 |
| DEPRECIATION | |||
| As at 06.04.2022 Charge for Year |
736,946 87,499 |
147,846 4,393 |
884,792 91,892 |
| As at 05.04.2023 | 824,445 | 152,239 | 976,684 |
| NET BOOK VALUE | |||
| As at 05.04.2023 | 2,331,813 | 13,180 | 2,344,993 |
| As at 05.04.2022 | 2,270,348 | 15,169 | 2,285,517 |
| As at | Additions | Depreciation | As at | |||
|---|---|---|---|---|---|---|
| 06.04.2022 | at Cost | for Year | 05.04.2023 | |||
| NET BOOK VALUE ~MI i ~ I I |
f | f | ||||
| Goldney Avenue, | Chippenham | 137,051 | 0 | 137,051 | ||
| Hill Corner Road, Chippenham | 154,938 | 154,938 | ||||
| Cocklebury Road, |
Chippenham | 163,933 | 0 | 163,933 | ||
| Kington Langley, Chippenham |
1,296,566 | (73,689) | 1,222,877 | |||
| Pro ert ad'oinin ~tl H |
Kin on |
|||||
| At The Plough inn, |
Chippenham | 517,860 | 0 | (13,810) | 504,050 | |
| Pro ert forthe construction |
of | |||||
| a further Meetin |
Hall | |||||
| Woodbarn Farm, Stanton St. Quintin |
||||||
| - including construction costs to date |
148,964 | 0 | 148,964 | |||
| 2,270,348 | 148,964 | (87,499) | 2,331,813 |