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2023-04-05-accounts

Pages
Trustees'
annual
report
1to6
Independent
examiner's
report to the trustees 7to 8
Statement offinancial activities
Balance sheet 10
Notes to the financial statements 11 to 19

Year ended 5April 202 3
Patron Clare Countess of Euston, Lord Lieutenant ofSuffolk
Vice Patntns The Bishop ofEast Anglia
The Bishop ofSt Edmundsbury and Ipsw&ch
The Moderator ofChurches Together in Suffolk
Vice President Alan Barker
Ray Sedwell
Marlin
Favell
PaMck Grieve
Lady Julia Henniker
Diana Hunt
Christina van Melzen
Clive Paine
Robert Roue DL
Simon Tennant
Roy Tricker BEM
Robert Williams
Mary Wolton
Hon Secretary Jill Taylor
Assistant Secretary Helen Read
Hon Treasurer David King
Hon Bike Ride Treasurer David Gould
Hon Grartts Secretary Adnan August
Hon Education Oflicer Diana Hunt DL
Ceiia Stephens
Hon Publicity Officer Rachel Sloene
Solicitors Birketts
24-26 Museum Stn.et
Ipswich
IP1 1HZ

Year ende d 5April 2D 23
independent examiner Leigh Thurston
FCCA
Lovewell Blake LLP
Chartered
accountants
First Floor Suite
2 Hillside Business Park
Bury StEdmun de
IP32 7EA
Bankers Royal Hank ofScoUand PLC
S-t0 Princes Street
Ipswich
Suffolk
IP1 1QT
CAF Bank Limited
25 lungs
Hill Avenue
Kings
Hill
West Mailing
Kent
ME194/Q

2023 2022
Unrestricted Restricted
funds funds Total funds Total funds
Note 8 8 8
Income and endowments
Donafions
and legacies
4 87,458 87,458 125,804
Fundralsihg
events
5 92,947 70,702 163,649 182,352
Investment
Income
2,724 322 3,046 277
Total Income 183,129 71,024 308,433
Expenclrture
Raising funds
Coals ofrsismg funds
Chsntable
activities
6 10,137
366,579
81,166 10,137
447,745
5,368
230,493
Total expenditure 376,716 81,166 457,882 235,861
Net (expenditure)hncome and net
movements
ln funds before gains and
losses on investments (193,587) (10,142) (203,729) 72,572
Net (losses)/gains
on inveslments
9 (5,725) (5,725) 26,512
Net (expsndaure)/income and net
movement
in funds
(199.3'I2) (10,142) (209,454)
Reconciliation offunda
Total funds brought forward 970,233 110,184 1,080,397 981,313
Total funds carried forward 770,921 100,022 870,943 1,080,397

Balance sheet
5April 2023
2023 2022
Note 8 2
Fixed assets
Tangible fixed assets 13 575 303
Investments 14 382,009 385,950
382,584 386,253
Current assets
Cash at bank and in hand 843,028 8D9,048
Creditors: Amounts failing due within
one year 15 (354.669) ('l14,904)
Net current assets 488,359 694,144
Total assets less current liabilities 870,943 1,080,397
Net assets 870,943 1,08D,397
Funds ofthe charity
Restricted funds 100,022 110,164
Unrestricted
funds
770,921 970,233
Total charity funds 870,943 'l,080,397

Unrestricted Restricted Total Funds
Funds
f
Funds 2022
6
Other fundraising events
Sponsored
cycle
ride 82,716 82,718 165,432
Pedal and drive 15.729 15,729
Yalda Davis concerts 1,'f 91 1,191
99,636 82,716 182,352
6. Costs ofraising funds
Unresbicted Total Funds Unrestricted Total Funds
Funds 2023 Funds 2022
8 8 5
Fundrasing
expenses
8,929 8,929 4,595 4,595
Publicity, newsletters and leaflets 1,208 1,2DB 773 773
1D,137 10,137 5,368 5,368
7. Expenditure
on
charitable activities
Lfnrestricted Restricted Total Funds
Funds Funds 2023
5 6
Share offundraising event paid to partldpatlng churches 70,486 70,486
Grants awarded tc churches 349,371 10,680 360,051
Support costs 17,208 17,208
366,579 81,166 447,745
Unrestricted Restricted Total Funds
Funds
f
Funds 2022
f
Share offundraising event pa&d to participating churches 82,420 82,420
Grants awarded to churches 131,700 131,70D
Support costs 16,373 16,373
'i48,073 82,420 230,493

8. Analysis of suppor t co sts
2023 2022
E
Salary
Beat and light
6.660
408
6,346
221
Rent and rates 1,982 1,976
Insurance 981 947
Other office casts 4,494 4,367
Deprecabon charge 117 50
independent examination fee 2,586 2,466
17,208 18,373
9. Net (losses)/gains on investments
Unrestricted Total Funds Unrestricted Total Funds
Funds 2023 Funds 2022
E E E
Gains/(losses) cn investments (5.725) (5,725) 26,512 26,512
10. Net (expenditure)/income
Net (expenditure)rincome isslated after chargingl(crediting):
2023 2022
E E
Depreciation of tangible fixed assets 117 50
11. Staffcosts
2023 2022
E
Wages and salaries 6.660 6,346

13. Tangible fixed assets
OIIice
equipment
Cost
At 6April 2022 4,802
Additions 389
At5April 2023 5,191
Deprectason
At 6April 2022 4.499
Charge for the year 'i17
At 5Apdil 2023 4,616
Carrying amount
At 5Apr8 2023 575
At5April 2022 303
14. Investments
Usted
investments
6
Cost or valuation
At 6April 2022 385.950
AddiTions 1,980
Disposals (196)
Fair value movements (5,725)
At5April 2023 382,009
Impairment
At6April 2022 and 5April 2023
Carrying amount
At 5April 2023 382,009
At 5 Apdil 2022 385,950

Creditors: Amounts
falling due within one year
2023 2022
Trade creditors 349,629 112,&0
Accruals and deferred income 5,040 2,454
114,904

Analysis ofchanlabfe fund
Year ended 5April 2023
Analysis ofchanlabfe fund
Year ended 5April 2023
s
Restricted funds
At6Apnl Net incomer Gains and At5April
2022 (expenditure) (losses) Transfers 2023
E E E
James Mair Legacy Funil 110,164 (10,142) 100,022
Designated funds
At 6April
2022
E
Net Incomef
(expenditure)
E
Gains and
(losses)
E
Tmnsfersf At 5April
2023
E
Capital Fund
Reserves Fund
178.653
388,195
45,905 (5,725) (59,551) 165,007
382,470
Alarm Fund 66,579 (66,579)
633,427 (20,674) (5,725) (59,551) 547,477
Unrestricted funds
At6April Net income/ Gains and At5April
2022
f
(expenditure)
E
(losses)
E
Transfers
E
2023
E
income Fund 336,806 (1T2,913) 59,551 223,444
Year ended 5April 2022
Restricted funda
At 6April Net incomef Gains and At 5April
2021 (expenditure) (hsees) Transfers 2022
E E E
James
Mair Legacy Fund
109,833 331 110,164
Designated funds
At 6April Net incomer Gains and At 5April
2021
E
(expenditure)
F
(losses)f Transfersf 2022
E
Capital Fund 158,500 72,986 (52,833) 178,653
Reserves Fund 361,683 26,512 388,195
Alarm Fund 66,579 66,579
586,762 72,986 26,512 (52,833) 633,42T
Unrestricted funds
At SApril Net incomel Gains and At 5April
2021 (expenditure) (losses) Transfers 2022
E E E E
Income Fund 284,718 P45) 52,833 336,806