This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.
2024-08-31-accounts
| Trustees |
Mr S Baptist |
(Appointed 21 March 2024) |
|
Mr S W Blanchflower |
(Appointed 24 January 2024) |
|
Mr D M Brackenridge |
(Appointed 21 March 2024) |
|
Mr M Bull |
|
|
Ms J Garrett |
(Appointed 21 March 2024) |
|
Mrs S J Godden |
|
|
MrMJ Gregory |
|
|
Rev C Madanat |
(Appointed 21 March 2024) |
|
MrS M O'Toole |
(Appointed 21 March 2024) |
|
MrJAR Vardy |
|
|
Ms A Wheeldon-Clarke |
(Appointed 21 March 2024) |
| Secretary |
Mrs S J Godden |
|
| Charity number (England and Wales) |
263446 |
|
| Charity number (Scotland) |
SC039297 |
|
| Company number |
00988200 |
|
| Registered office |
Unit D2 |
|
|
Coombswood Way |
|
|
Halesowen |
|
|
B62 8BH |
|
| Auditor |
Sumer Auditco Limited |
|
|
The Beehive |
|
|
Beehive Ring Road |
|
|
London Gatwick Airport |
|
|
Gatwick |
|
|
United Kingdom |
|
|
RH6 0PA |
|
| Bankers |
Santander UK PLC |
|
|
Bridle Road |
|
|
Bootle |
|
|
Merseyside |
|
|
L30 4GB |
|
| Solicitors |
Keelys LLP |
|
|
28 Dam St |
|
|
Lichfield |
|
|
WS13 6AA |
|
|
Page |
| Trustees' report |
1-8 |
| Statement of trustees' responsibilities |
9 |
| Independent auditor's report |
10-12 |
| Statement of financial activities |
13-14 |
| Balance sheet |
15 |
| Statement of cash flows |
16 |
| Notes to the financial statements |
17 - 34 |
| Strategic |
|
**Key Measurable ** |
2023/24 |
2022/23 |
2021/22 |
2020/21 |
| Strand |
|
|
|
|
|
|
| Intentionality |
|
Total number of |
1.66m |
1.12m |
1.72m |
1.7m |
| of evangelism |
|
young people |
|
|
|
|
|
|
Contacted |
|
|
|
|
| Commitment to |
|
Total number of |
59 |
60 |
61 |
60 |
| serve |
the |
Centres with |
|
|
|
|
| Centres |
|
full
charters |
|
|
|
|
|
|
renewed |
|
|
|
|
| Develop |
a |
Total number of |
102 |
1,217 |
225 |
1,840 |
| culture of |
|
users of myLife |
|
|
|
|
| diversity |
|
|
|
|
|
|
| Develop |
a |
Targeted events |
100% |
100% |
100% |
100% |
| culture |
|
and prayer |
|
|
|
|
| of prayer |
|
resources |
|
|
|
|
|
|
delivered |
|
|
|
|
| Commitment |
to |
Number
of |
1,213 |
1,322 |
955 |
1,032 |
| financial |
|
partners |
|
|
|
|
| sustainability |
|
|
|
|
|
|
| Mr S Baptist |
(Appointed 21 March 2024) |
| MrS W Blanchflower |
(Appointed 24 January 2024) |
| Mr D M Brackenridge |
(Appointed 21 March 2024) |
| Mr M Bull |
|
| Ms J Garrett |
(Appointed 21 March 2024) |
| Mrs S J Godden |
|
| MrMJ Gregory |
|
| Rev C Madanat |
(Appointed 21 March 2024) |
| MrS M O'Toole |
(Appointed 21 March 2024) |
| MrJAR Vardy |
|
| Ms A Wheeldon-Clarke |
(Appointed 21 March 2024) |
| Mrs A Adewunmi |
(Resigned 31 December 2023) |
| Mrs J A Fowler |
(Resigned 31 December 2023) |
| Mrs P J Joyce |
(Resigned 21 March 2024) |
| Mrs D M Mitchell |
(Resigned 31 January 2024) |
| MrTJ Wingate |
(Resigned 21 March 2024) |
| Current financial year |
|
Unrestricted |
Unrestricted |
Restricted |
Total |
Total |
|
|
funds |
funds |
funds |
|
|
|
|
general |
designated |
|
|
|
|
|
2024 |
2024 |
2024 |
2024 |
2023 |
|
Notes |
£ |
£ |
£ |
£ |
£ |
| Income from: |
|
|
|
|
|
|
| Donations and legacies |
3 |
842,864 |
256 |
341,747 |
1,184,867 |
1,556,192 |
| Charitable activities |
4 |
105,490 |
- |
- |
105,490 |
118,887 |
| Investments |
5 |
6,835 |
- |
- |
6,835 |
5,024 |
| Total income |
|
955,189 |
256 |
341,747 |
1,297,192 |
1,680,103 |
| Expenditure on: |
|
|
|
|
|
|
| Raising funds |
6 |
151,021 |
1,790 |
12,782 |
165,593 |
253,749 |
| Charitable activities |
7 |
886,250 |
53,821 |
392,550 |
1,332,621 |
1,519,632 |
| Other expenditure |
12 |
- |
(692) |
- |
(692) |
170 |
| Total expenditure |
|
1,037,271 |
54,919 |
405,332 |
1,497,522 |
1,773,551 |
| Net expenditure |
|
(82,082) |
(54,663) |
(63,585) |
(200,330) |
(93,448) |
| Transfers between funds |
|
8,303 |
(8,303) |
- |
- |
- |
| Net movement in funds |
9 |
(73,779) |
(62,966) |
(63,585) |
(200,330) |
(93,448) |
| Reconciliation of funds: |
|
|
|
|
|
|
| Fund balances at 1 September 2023 |
|
79,787 |
715,224 |
283,953 |
1,078,964 |
1,172,412 |
| Fund balances at 31 August 2024 |
|
6,008 |
652,258 |
220,368 |
878,634 |
1,078,964 |
| Prior financial year |
|
Unrestricted |
Unrestricted |
Restricted |
Total |
|
|
funds |
funds |
funds |
|
|
|
general |
designated |
|
|
|
|
2023 |
2023 |
2023 |
2023 |
|
Notes |
£ |
£ |
£ |
£ |
| Income from: |
|
|
|
|
|
| Donations and legacies |
3 |
932,911 |
54,072 |
569,209 |
1,556,192 |
| Charitable activities |
4 |
118,887 |
- |
- |
118,887 |
| Investments |
5 |
5,024 |
- |
- |
5,024 |
| Total income |
|
1,056,822 |
54,072 |
569,209 |
1,680,103 |
| Expenditure on: |
|
|
|
|
|
| Raising funds |
6 |
221,400 |
625 |
31,724 |
253,749 |
| Charitable activities |
7 |
818,898 |
104,454 |
596,280 |
1,519,632 |
| Other expenditure |
12 |
- |
170 |
- |
170 |
| Total expenditure |
|
1,040,298 |
105,249 |
628,004 |
1,773,551 |
| Net income/(expenditure) |
|
16,524 |
(51,177) |
(58,795) |
(93,448) |
| Transfers between funds |
|
(30,683) |
33,857 |
(3,174) |
- |
| Net movement in funds |
9 |
(14,159) |
(17,320) |
(61,969) |
(93,448) |
| Reconciliation of funds: |
|
|
|
|
|
| Fund balances at 1 September 2022 |
|
93,946 |
732,544 |
345,922 |
1,172,412 |
| Fund balances at 31 August 2023 |
|
79,787 |
715,224 |
283,953 |
1,078,964 |
|
|
2024 |
|
2023 |
|
|
Notes |
£ |
£ |
£ |
£ |
| Fixed assets |
|
|
|
|
|
| Tangible assets |
14 |
|
640,504 |
|
681,001 |
| Current assets |
|
|
|
|
|
| Stocks |
15 |
14,646 |
|
16,130 |
|
| Debtors |
16 |
54,333 |
|
49,525 |
|
| Cash at bank and in hand |
|
314,831 |
|
482,935 |
|
|
|
383,810 |
|
548,590 |
|
| Creditors: amounts falling due within |
1 |
|
|
|
|
| one year |
7 |
(124,341) |
|
(124,843) |
|
| Net current assets |
|
|
259,469 |
|
423,747 |
| Total assets less current liabilities |
|
|
899,973 |
|
1,104,748 |
| Creditors: amounts falling due after |
|
|
|
|
|
| more than one year |
18 |
|
(21,339) |
|
(25,784) |
| Net assets |
|
|
878,634 |
|
1,078,964 |
| The fiinds ofthe charity |
|
|
|
|
|
| Restricted income funds |
21 |
|
220,368 |
|
283,953 |
| Unrestricted funds - general |
23 |
|
6,008 |
|
79,787 |
| Unrestricted fiinds - designated |
22 |
|
652,258 |
|
715,224 |
|
|
|
878,634 |
|
1,078,964 |
|
|
2024 |
|
2023 |
|
|
Notes |
£ |
£ |
£ |
£ |
| Cash flows from operating activities |
|
|
|
|
|
| Cash absorbed by operations |
26 |
|
(179,780) |
|
(23,179) |
| Investing activities |
|
|
|
|
|
| Purchase of tangible fixed assets |
|
(3,698) |
|
(34,103) |
|
| Proceeds from disposal of tangible fixed |
|
|
|
|
|
| assets |
|
12,000 |
|
247 |
|
| Investment income received |
|
6,835 |
|
5,024 |
|
| Net cash generated from/(used in) investing |
|
|
|
|
|
| activities |
|
|
15,137 |
|
(28,832) |
| Financing activities |
|
|
|
|
|
| Payment of finance leases obligations |
|
(3,461) |
|
29,245 |
|
| Net cash (used in)/generated from financing |
|
|
|
|
|
| activities |
|
|
(3,461) |
|
29,245 |
| Net decrease in cash and cash equivalents |
|
|
(168,104) |
|
(22,766) |
| Cash and cash equivalents at beginning of year |
|
|
482,935 |
|
505,701 |
| Cash and cash equivalents at end of year |
|
|
314,831 |
|
482,935 |
|
**Unrestricted ** |
Unrestricted |
Restricted |
Total |
**Unrestricted ** |
Unrestricted |
Restricted |
Total |
|
funds |
funds |
funds |
|
funds |
funds |
funds |
|
|
general |
designated |
|
|
general |
designated |
|
|
|
2024 |
2024 |
2024 |
2024 |
2023 |
2023 |
2023 |
2023 |
|
£ |
£ |
£ |
£ |
£ |
£ |
£ |
£ |
| Donations and gifts |
726,039 |
256 |
301,636 |
1,027,931 |
798,370 |
10,392 |
482,209 |
1,290,971 |
| Legacies |
- |
- |
- |
- |
32,824 |
- |
- |
32,824 |
| Grants |
116,825 |
- |
40,111 |
156,936 |
55,250 |
43,680 |
87,000 |
185,930 |
| Donated goods and services |
- |
- |
- |
- |
46,467 |
- |
- |
46,467 |
|
842,864 |
256 |
341,747 |
1,184,867 |
932,911 |
54,072 |
569,209 |
1,556,192 |
|
Unrestricted Unrestricted |
Unrestricted Unrestricted |
|
funds |
funds |
|
2024 |
2023 |
|
££ |
|
| Charitable activities |
|
|
| Sale of goods |
30,079 |
50,764 |
| Ancillary trading income |
55,754 |
50,437 |
| Other income |
19,657 |
17,686 |
|
105,490 |
118,887 |
|
**Unrestricted ** |
Unrestricted |
|
|
funds funds |
|
2024 |
2023 |
|
££ |
|
| Interest receivable |
6,835 |
5,024 |
|
**Unrestricted ** |
Unrestricted |
Restricted |
Total |
**Unrestricted ** |
Unrestricted |
Restricted |
Total |
|
funds |
funds |
funds |
|
funds |
funds |
funds |
|
|
general |
designated |
|
|
general |
designated |
|
|
|
2024 |
2024 |
2024 |
2024 |
2023 |
2023 |
2023 |
2023 |
|
£ |
£ |
£ |
£ |
£ |
£ |
£ |
£ |
| Fundraising and publicity |
|
|
|
|
|
|
|
|
| Staging fundraising events |
50,140 |
|
10,083 |
60,223 |
95,915 |
- |
22,782 |
118,697 |
| Fundraising agents |
27,059 |
- |
- |
27,059 |
32,389 |
625 |
8,942 |
41,956 |
| Staff costs |
69,292 |
- |
- |
69,292 |
80,341 |
- |
- |
80,341 |
|
146,491 |
- |
10,083 |
156,574 |
208,645 |
625 |
31,724 |
240,994 |
| Trading costs |
|
|
|
|
|
|
|
|
| Other trading activities |
4,530 |
1,790 |
2,699 |
9,019 |
12,755 |
- |
- |
12,755 |
| Total costs |
151,021 |
1,790 |
12,782 |
165,593 |
221,400 |
625 |
31,724 |
253,749 |
|
Charitable |
Charitable |
|
activities |
activities |
|
2024 |
2023 |
|
£ |
£ |
| Direct costs |
|
|
| Staff costs |
871,210 |
1,046,488 |
| Depreciation and impairment |
32,887 |
39,249 |
| Recruitment costs |
3,395 |
611 |
| Staff expenses |
44,405 |
43,379 |
| Material and research |
10,480 |
23,365 |
| Motor expenses |
17,890 |
13,985 |
| Property expenses |
37,997 |
36,103 |
| Computer costs |
45,950 |
97,587 |
| Office costs |
143,814 |
135,879 |
| Donations |
31,442 |
41,439 |
| Bank and other charges |
9,796 |
4,747 |
|
1,249,266 |
1,482,832 |
| Share of support and governance costs (see note 8) |
|
|
| Support |
72,776 |
23,737 |
| Governance |
10,579 |
13,063 |
|
1,332,621 |
1,519,632 |
| Analysis by fund |
|
|
| Unrestricted funds - general |
886,250 |
818,898 |
| Unrestricted funds - designated |
53,821 |
104,454 |
| Restricted funds |
392,550 |
596,280 |
|
1,332,621 |
1,519,632 |
| Support costs allocated to activities |
|
|
|
2024 |
2023 |
|
£ |
£ |
| Legal & professional |
69,785 |
20,964 |
| Accountancy |
2,991 |
2,773 |
| Governance costs |
10,579 |
13,063 |
|
83,355 |
36,800 |
| Analysed between: |
|
|
| Charitable activities |
83,355 |
36,800 |
| 9 |
Net movement in funds |
2024 |
2023 |
|
|
£ |
£ |
|
The net movement in funds is stated after charging/(crediting): |
|
|
|
Fees payable for the audit of the charity's financial statements |
10,579 |
13,063 |
|
Depreciation of owned tangible fixed assets |
32,887 |
39,249 |
|
(Profit)/loss on disposal of tangible fixed assets |
(692) |
170 |
| The average monthly number of employees during the year was: |
|
|
|
2024 |
2023 |
|
Number |
Number |
| Fundraising |
2 |
2 |
| National Ministries |
2 |
6 |
| Centres development/support |
8 |
5 |
| Church resources |
6 |
5 |
| Diversity |
3 |
8 |
| Education |
1 |
2 |
| Support and administration |
8 |
11 |
| National Director |
1 |
1 |
| Prayer |
1 |
1 |
| Total |
32 |
41 |
| Employment costs |
2024 |
2023 |
|
£ |
£ |
| Wages and salaries |
805,421 |
965,394 |
| Social security costs |
67,755 |
80,616 |
| Other pension costs |
67,326 |
80,819 |
|
940,502 |
1,126,829 |
| The number of employees whose annual remuneration was more than £60,000 |
|
|
| is as follows: |
|
|
|
2024 |
2023 |
|
Number |
Number |
| £60,000 - £70,000 |
1 |
1 |
| Remuneration of key management personnel |
|
|
| The remuneration of key management personnel was as follows: |
|
|
|
2024 |
2023 |
|
£ |
£ |
| Aggregate compensation |
239,033 |
248,837 |
|
Unrestricted Unrestricted |
|
funds funds |
|
designated designated |
|
2024
2023 |
|
££ |
| Net loss on disposal of tangible fixed assets |
(692)
170 |
| Tangible fixed assets |
|
|
|
|
|
|
Freehold land |
Fixtures and |
Computers |
Motor |
Total |
|
and buildings |
fittings |
|
vehicles |
|
|
£ |
£ |
£ |
£ |
£ |
| Cost |
|
|
|
|
|
| At 1 September 2023 |
775,548 |
40,407 |
178,827 |
55,117 |
1,049,899 |
| Additions |
- |
- |
3,697 |
- |
3,697 |
| Disposals |
- |
- |
(22,636) |
- |
(22,636) |
| At 31 August 2024 |
775,548 |
40,407 |
159,888 |
55,117 |
1,030,960 |
| Depreciation and impairment |
|
|
|
|
|
| At 1 September 2023 |
165,273 |
38,160 |
139,592 |
25,872 |
368,897 |
| Depreciation charged in the year |
10,272 |
1,156 |
14,151 |
7,308 |
32,887 |
| Eliminated in respect of disposals |
- |
- |
(11,328) |
- |
(11,328) |
| At 31 August 2024 |
175,545 |
39,316 |
142,415 |
33,180 |
390,456 |
| Carrying amount |
|
|
|
|
|
| At 31 August 2024 |
600,003 |
1,091 |
17,473 |
21,937 |
640,504 |
| At 31 August 2023 |
610,275 |
2,247 |
39,234 |
29,245 |
681,001 |
|
|
|
|
|
| **14 ** |
Tangible fixed assets |
|
|
(Continued) |
|
All fixed assets are for charity use. The land is held on a 999 year lease at a peppercorn rent. |
|
|
The lease has |
|
982 years to run. |
|
|
|
| 15 |
Stocks |
|
|
|
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Finished goods and goods for resale |
|
14,646 |
16,130 |
| 16 |
Debtors |
|
|
|
|
|
|
2024 |
2023 |
|
Amounts falling due within one year: |
|
£ |
£ |
|
Trade debtors |
|
1,873 |
7,274 |
|
Other debtors |
|
13,981 |
11,306 |
|
Prepayments and accrued income |
|
38,479 |
30,945 |
|
|
|
54,333 |
49,525 |
| 17 |
Creditors: amounts falling due within one year |
|
|
|
|
|
|
2024 |
2023 |
|
|
Notes |
£ |
£ |
|
Obligations under finance leases |
19 |
4,445 |
3,461 |
|
Other taxation and social security |
|
19,419 |
18,835 |
|
Trade creditors |
|
36,680 |
35,015 |
|
Other creditors |
|
41,616 |
46,497 |
|
Accruals and deferred income |
|
22,181 |
21,035 |
|
|
|
124,341 |
124,843 |
| 18 |
Creditors: amounts falling due after more than one year |
|
|
|
|
|
|
2024 |
2023 |
|
|
Notes |
£ |
£ |
|
Obligations under finance leases |
19 |
21,339 |
25,784 |
| Future minimum lease payments due under finance leases: |
|
|
|
2024 |
2023 |
|
£ |
£ |
| Within one year |
4,445 |
3,461 |
| Within two and five years |
21,339 |
25,784 |
|
25,784 |
29,245 |
| Retirement benefit schemes |
|
|
|
2024 |
2023 |
| Defined contribution schemes |
£ |
£ |
| Charge to profit or loss in respect of defined contribution schemes |
67,326 |
80,819 |
|
At 1 |
Incoming |
Resources |
Transfers |
At 31 August |
|
September |
resources |
expended |
|
2024 |
|
2023 |
|
|
|
|
|
£ |
£ |
£ |
£ |
£ |
| Operation Gideon Bursary |
9,664 |
4,022 |
(1,500) |
- |
12,186 |
| Local Ministries Development |
8,352 |
17,511 |
(17,511) |
- |
8,352 |
| Outreach |
223,085 |
- |
(98,457) |
(1,465) |
123,163 |
| Church Resource Projects |
4,492 |
3,097 |
(3,037) |
- |
4,552 |
| Schools Work |
4,000 |
8,073 |
(8,629) |
1,224 |
4,668 |
| Young Offenders and at Risk |
11,203 |
- |
(3,896) |
(1,224) |
6,083 |
| National Director Projects |
5,290 |
3,768 |
(2,878) |
- |
6,180 |
| Evangelism |
8,313 |
29,120 |
(15,729) |
1,465 |
23,169 |
| Communications |
6,554 |
- |
(253) |
- |
6,301 |
| Income development |
3,000 |
26,000 |
(18,085) |
- |
10,915 |
| Capital projects |
- |
21,786 |
(6,987) |
- |
14,799 |
| International and national |
- |
19,759 |
(19,759) |
- |
- |
| Personal support |
- |
208,611 |
(208,611) |
- |
- |
|
283,953 |
341,747 |
(405,332) |
- |
220,368 |
| Previous year: |
At 1 |
Incoming |
Resources |
**Transfers ** |
At 31 August |
|
September |
resources |
expended |
|
2023 |
|
2022 |
|
|
|
|
|
£ |
£ |
£ |
£ |
£ |
| Operation Gideon bursary |
10,250 |
3,462 |
(4,048) |
- |
9,664 |
| Local ministries development |
35,246 |
- |
(26,894) |
- |
8,352 |
| Outreach |
256,272 |
148,000 |
(179,221) |
(1,966) |
223,085 |
| Church resourse projects |
4,191 |
301 |
- |
- |
4,492 |
| Schols work |
1,882 |
11,501 |
(9,383) |
- |
4,000 |
| Your offenders and at risk |
9,854 |
6,993 |
(5,644) |
- |
11,203 |
| National director projects |
5,290 |
920 |
(920) |
- |
5,290 |
| Personal support |
- |
306,735 |
(306,735) |
- |
- |
| Evangelism |
12,955 |
14,620 |
(19,262) |
- |
8,313 |
| Communications |
8,130 |
8,078 |
(8,446) |
(1,208) |
6,554 |
| Scotland |
1,852 |
- |
(1,852) |
- |
- |
| International and national |
- |
24,849 |
(24,849) |
- |
- |
| Income development |
- |
3,000 |
- |
- |
3,000 |
| Restructuring |
- |
40,750 |
(40,750) |
- |
- |
|
345,922 |
569,209 |
(628,004) |
(3,174) |
283,953 |
|
At 1 |
Incoming |
Resources |
Transfers |
**At ** |
31 August |
|
September |
resources |
expended |
|
|
2024 |
|
2023 |
|
|
|
|
|
|
£ |
£ |
£ |
£ |
|
£ |
| Million Club |
6,077 |
209 |
(6,000) |
- |
|
286 |
| Various |
13,394 |
- |
(1,925) |
- |
|
11,469 |
| Fixed Assets - Non cash |
681,001 |
- |
(32,195) |
(8,303) |
|
640,503 |
| The Discipleship Centre |
14,752 |
47 |
(14,799) |
- |
|
- |
|
715,224 |
256 |
(54,919) |
(8,303) |
|
652,258 |
| Previous year: |
At 1 |
Incoming |
Resources |
Transfers |
**At ** |
31 August |
|
September |
resources |
expended |
|
|
2023 |
|
2022 |
|
|
|
|
|
|
£ |
£ |
£ |
£ |
|
£ |
| Million club |
1,000 |
10,252 |
(5,175) |
- |
|
6,077 |
| Designated mission |
2,033 |
43,680 |
(45,713) |
- |
|
- |
| The Discipleship centre |
14,612 |
140 |
- |
- |
|
14,752 |
| Fixed assets - non cash |
686,564 |
- |
(39,420) |
33,857 |
|
681,001 |
| Various |
28,335 |
- |
(14,941) |
- |
|
13,394 |
|
732,544 |
54,072 |
(105,249) |
33,857 |
|
715,224 |
|
At 1 |
Incoming |
Resources |
**Transfers At ** |
31 August |
|
September |
resources |
expended |
|
2024 |
|
2023 |
|
|
|
|
|
£ |
£ |
£ |
£ |
£ |
| General funds |
79,787 |
955,189 |
(1,037,271) |
8,303 |
6,008 |
| Previous year: |
At 1 |
Incoming |
Resources |
**Transfers At ** |
31 August |
|
September |
resources |
expended |
|
2023 |
|
2022 |
|
|
|
|
|
£ |
£ |
£ |
£ |
£ |
| General funds |
93,946 |
1,056,822 |
(1,040,298) |
(30,683) |
79,787 |
|
Unrestricted |
Unrestricted |
Restricted |
Total |
|
funds |
funds |
funds |
|
|
general |
designated |
|
|
|
2024 |
2024 |
2024 |
2024 |
|
£ |
£ |
£ |
£ |
| At 31 August 2024: |
|
|
|
|
| Tangible assets |
- |
640,504 |
|
640,504 |
| Current assets/(liabilities) |
6,008 |
33,093 |
220,368 |
259,469 |
| Long term liabilities |
- |
(21,339) |
- |
(21,339) |
|
6,008 |
652,258 |
220,368 |
878,634 |
|
Unrestricted |
Unrestricted |
Restricted |
Total |
|
funds |
funds |
funds |
|
|
general |
designated |
|
|
|
2023 |
2023 |
2023 |
2023 |
|
£ |
£ |
£ |
£ |
| At 31 August 2023: |
|
|
|
|
| Tangible assets |
|
681,001 |
- |
681,001 |
| Current assets/(liabilities) |
79,787 |
60,007 |
283,953 |
423,747 |
| Long term liabilities |
- |
(25,784) |
- |
(25,784) |
|
79,787 |
715,224 |
283,953 |
1,078,964 |
|
Receipts |
|
Payments |
|
|
2024 |
2023 |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
| Donations |
- |
3,216 |
- |
1,018 |
| Subscriptions |
- |
1,184 |
- |
- |
|
- |
4,400 |
- |
1,018 |
|
**Donations made by ** |
trustees |
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
|
| Donations |
108,357 |
103,453 |
|
|
|
108,357 |
103,453 |
|
|
| Cash absorbed by operations |
|
|
2024 |
2023 |
|
|
|
£ |
£ |
| Deficit for the year |
|
|
(200,330) |
(93,448) |
| Adjustments for: |
|
|
|
|
| Investment income recognised in statement of |
financial activities |
|
(6,835) |
(5,024) |
| (Gain)/loss on disposal of tangible fixed assets |
|
|
(692) |
170 |
| Depreciation and impairment of tangible fixed assets |
|
|
32,887 |
39,249 |
| Movements in working capital: |
|
|
|
|
| Decrease/(increase) in stocks |
|
|
1,484 |
(5,031) |
| (lncrease)/decrease in debtors |
|
|
(4,808) |
63,913 |
| (Decrease) in creditors |
|
|
(1,486) |
(23,008) |
| Cash absorbed by operations |
|
|
(179,780) |
(23,179) |
| **27 ** |
Analysis of changes in net funds |
|
|
|
|
|
At 1 September |
Cash flows |
At 31 August |
|
|
2023 |
|
2024 |
|
|
£ |
£ |
£ |
|
Cash at bank and in hand |
482,935 |
(168,104) |
314,831 |
|
Obligations under finance leases |
(29,245) |
3,461 |
(25,784) |
|
|
453,690 |
(164,643) |
289,047 |