| Page | ||
|---|---|---|
| • | Trustees' Report | 1−3 |
| Independent Examiner's Report | 4 | |
| Statement of Financial Activities | 5 | |
| Balance Sheet | 6 | |
| Notes to the Financial Statements | 7−9 |
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| 2023 | 2023 | 2023 | 2022 | |
| Incoming resources | ||||
| Investment income | ||||
| Property rents received | 64167 | 64167 | 80036 | |
| Bank interest received | 8653 | 8653 | 8906 | |
| Voluntary income | ||||
| Chaplaincy, offerings and masses celebrated | 31739 | 31739 | 29824 | |
| Donations for Missions | 8578 | 8578 | 2509 | |
| Total Incoming Resources | 113137 | 113137 | 121275 | |
| Resources Expended | ||||
| Charitable activities | ||||
| Oculist expenses | 610 | 610 | ||
| Donations | 540 | 540 | ||
| Clothing | 672 | 672 | 304 | |
| Bank charges | 294 | − | 294 | 272 |
| Books, newspapers and subscriptions | 1289 | 1289 | ||
| Housekeeping and provisions | 7855 | 7855 | 4958 | |
| Heat, light, water and council tax | 7973 | 7973 | 4600 | |
| Motor and travel expenses | 18709 | 18709 | 3139 | |
| Repairs and renewals | 6026 | 6026 | 2675 | |
| Telephone | 1108 | 1108 | 1268 | |
| Stationery, printing and postage | 1001 | 1001 | 2029 | |
| Insurances | 8085 | 8085 | 7271 | |
| Chapel expenses | 617 | − | 617 | 103 |
| Medical expenses | 1607 | 1607 | 1239 | |
| Missionary expenditure | 54000 | 54000 | 90000 | |
| Depreciation including profit on sale of assets | 2567 | 2567 | 80 | |
| Home leave | 2231 | 2231 | 1398 | |
| Governance costs | ||||
| Accountancy and legal fees | 3180 | − | 3180 | 3000 |
| Total Resources Expended | 118364 | 118364 | 122336 | |
| Net (Outgoing) Resources for the year | (5227) | (5227) | (1061) | |
| Gains on Investments | ||||
| Funds brought forward at 1 January 2023 | 3384358 | 400000 | 3784358 | 3785419 |
| Funds carried forward at 31 December 2023 | 3379131 | 400000 | 3779131 | 3784358 |
| Note | 2023 | 2022 | |
|---|---|---|---|
| TANGIBLE FIXED ASSETS | |||
| Properties | 3 | 2336712 | 2336712 |
| Other fixed assets | 3 | 7901 | 10468 |
| 2344613 | 2347180 | ||
| CURRENT ASSETS | |||
| Cash at bank and in hand | 4 | 1424813 | 1403626 |
| Debtors and prepayments | 51790 | 56785 | |
| 1476603 | 1460411 | ||
| CURRENT LIABILITIES | |||
| Sundry creditors and accruals | (42085) | (23233) | |
| Net Current Assets | 1434518 | 1437178 | |
| NET ASSETS | 3779131 | 3784358 | |
| Represented by: | |||
| Restricted funds: general administration | 400000 | 400000 | |
| Unrestricted funds | 5 | 3379131 | 3384358 |
| 3779131 | 3784358 |
| PROPERTIES AT VALUATION | 2023 | 2022 |
|---|---|---|
| Properties at Brighton | 1455021 | 1455021 |
| 3 Salisbury Avenue, London | 881691 | 881691 |
| 2336712 | 2336712 |
| 3. | FIXED ASSETS | Fixtures & Fittings | Equipment | Motor Vehicles | Total |
|---|---|---|---|---|---|
| Cost: | |||||
| At 1 January 2023 | 7783 | 25158 | 13395 | 46236 | |
| At 31 December 2023 | 7783 | 25158 | 13295 | 46236 | |
| Depreciation | |||||
| At 1 January 2023 | 7458 | 25092 | 3218 | 35768 | |
| Charge for the year | 33 | 14 | 2520 | 2567 | |
| At 31 December 2023 | 7491 | 25106 | 5738 | 38335 | |
| Net Book Values | |||||
| At 31 December 2023 | 292 | 52 | 7557 | 7901 | |
| At 31 December 2022 | 325 | 66 | 10077 | 10468 | |
| Property | |||||
| Property at valuation (note 2) | 2336712 | ||||
| Net Book Value | |||||
| At 31 December 2023 | 2336712 | ||||
| At 31 December 2022 | 2336712 | ||||
| 4. | CASH AT BANK AND IN HAND | 2023 | 2022 | ||
| HSBC current account | 54686 | 38631 | |||
| HSBC fixed rate account | 5641 | 1674 | |||
| HSBC money market account | 100000 | 100000 | |||
| Barclays Community account | 1260000 | 1260000 | |||
| Cash in hand | 4486 | 3591 | |||
| 1424813 | 1403626 |
| 5. | UNRESTRICTED FUNDS | 2023 | 2022 |
|---|---|---|---|
| At 1 January 2023 | 3384358 | 3385419 | |
| (Deficit) for the year | (5227) | (1061) | |
| At 31 December 2023 | 3379131 | 3384358 |