| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Total | ||||||
| Notes | fundf | fundsf | |||||
| INCOME AND ENDOWMENTS | FROM | ||||||
| Donations and legacies |
25,180,054 | 30,916,771 | |||||
| Investment income |
224,145 | ||||||
| Other income | 364,441 | ||||||
| Total | 25,768,640 | 30,916,771 | |||||
| EXPENDITURE ON | |||||||
| Charitable activities |
4 | ||||||
| Providing places ofworship |
for Jehovah's | Witnesses | 6,488,839 | 4,236,329 | |||
| Donations to other charities | with similar aims and | ||||||
| objectives | 14,801,498 | 14,250,000 | |||||
| Assisting congregations |
ofJehovah's | Witnesses | 7,775,006 | 6,345,969 | |||
| Total | 29 063 343 | 24.832298 | |||||
| NET INCOME/(EXPENDITURE) | (3,296,703) | 6,084,473 | |||||
| RECONCILIATION | OF FUNDS | ||||||
| Total funds brought forward |
221,989,830 | 215,905,357 | |||||
| TOTAL FUNDS CARRIED FORWARD | 218693, 27 | 221 989830 |
| Balance Sheet 31stAugust 2023 |
|||
|---|---|---|---|
| 2023 | 2022 | ||
| Unrestricted | Total | ||
| Notes | fundf | funds | |
| FIXEDASSETS | |||
| Tangible assets | 209,506,571 | 212,707,328 | |
| Social investments | 445 705 | 5 7115 | |
| 209,952,276 | 213,153,033 | ||
| CURRENT ASSETS | |||
| Debtors Cash at bank |
10 | 1,743,823 7748142 |
651,628 859,435 |
| 9,491,965 | 9,243,063 | ||
| CREDITORS | |||
| Amounts falling due within one year |
(751,114) | (406,266) | |
| NET CURRENT ASSETS | 8740851 | 883679 | |
| TOTAL ASSETSLESSCURRENT | LIABILITIES | 218,693,127 | 221,989,830 |
| NET ASSETS | 218,693,127 | 221,989,830 | |
| FUNDS | 12 | ||
| Unrestricted funds |
218693127 | 221989830 | |
| TOTAL FUNDS | 218,693,127 | 221,989,830 |
| Notes | 2023 f |
2022f | |||
|---|---|---|---|---|---|
| Cash flows from operatiag activities Cash generated from operations |
14 | ~2. .066) |
~980270) | ||
| Net cash used in operating | activities | ~2,442,066) | ~1,980,2 0) | ||
| Cash flows from investing | activities | ||||
| Purchase oftangible fixed assets Sale oftangible fixed assets |
(692,270) 2,066,898 |
(1,916,796) 1,003,010 |
|||
| Interest received | 224,145 | ||||
| Net cash provided by/(used |
in) investing | activities | 1 598.773 | ~9)3786) | |
| Change in cash aad cash equivalents | in the | ||||
| reporting period Cash and cash equivsleats |
st the beginning | of | (843,293) | (2,894,056) | |
| the reportiag period |
8 9 35 |
85 491 | |||
| Cash snd cash equivalents | at the ead | oftbe | |||
| reporting period |
» 8.142 | 8591.435 |
| DONATIONS AND LEGACIES |
||
|---|---|---|
| 2023 f |
2022f | |
| Donated Assets | 1,266,495 | 12,136,476 |
| Donations | 19,136,560 | 16,283,429 |
| Gifi aid | 2,020,516 | 1,533,024 |
| Legacies | 2 6 83 |
963,842 |
| 5. 80.054 | 30 0 6 3 |
| Support | ||||||
|---|---|---|---|---|---|---|
| Direct | costs (see | |||||
| Costs | note 5) | Totals | ||||
| Providing | places ofworship for Jehovah's | |||||
| Witnesses | 6,349,164 | 139,675 | 6,488,839 | |||
| Donations | to other charities with similar | |||||
| aims and | objectives | 14,801,498 | 14,801,498 | |||
| Assisting | congregations | ofJehovah's | ||||
| Witnesses | 7 63533 | 739 67 | 7775006 | |||
| 28 785,994 | 279349 | 29 665343 | ||||
| As explained in the trustee' report, the |
Trust has no staff/employees. | |||||
| SUPPORT COSTS | ||||||
| Governance | ||||||
| Finance | costsf | Totals | ||||
| Providing | places ofworship for Jehovah's | |||||
| Witnesses | 60,580 | 79,095 | 139,675 | |||
| Assisting | congregations | ofJehovah's | Witnesses | ~60580 | ~79 094 | ~139674 |
| ~121 160 | ~158189 | ~279349 | ||||
| NET INCOME/(EXPENDITURE) | ||||||
| Net income/(expenditure) | is stated afier charging/(crediting); | |||||
| 2023 | 2022f | |||||
| Auditors' | remuneration | 74,400 | 48,000 | |||
| Depreciation -owned assets Surplus on disposal offixed assets |
3,197,585 ~303526) |
3,060,697 ~43 175) |
| TANGIBLE FIXEDASSETS | |
|---|---|
| Freehold | |
| property f |
|
| COST | |
| At 1stSeptember 2022 | 217,812,417 |
| Additions | 1,958,765 |
| Disposals | |
| At 31st August 2023 | 2 7.753900 |
| DEPRECIATION | |
| At 1stSeptember 2022 | 5,105,089 |
| Charge for year Eliminated on disposal |
3,197,585 ~55.34 ) |
| At 31stAugust 2023 | 8247 329 |
| NET BOOK VALUE | |
| At 31stAugust 2023 | 209 06.5 |
| At 31st August 2022 | 212,707,328 |
| SOCIAL INVESTMENTS | |
|---|---|
| Programme | |
| related | |
| investments | |
| eguity f |
|
| COST | |
| At 1st September 2022 and 31stAugust 2023 | 445,705 |
| NET BOOK VALUE | |
| At 31stAugust 2023 | 445,705 |
| At 31stAugust 2022 | 45 705 |
| DEBTORS: | AMOUNTS FALLING DUE WITHIN ONE Y | EAR | |
|---|---|---|---|
| 2023 | 2022 | ||
| Other debtors | 980,209 | 519,117 | |
| Prepayments | and accrued income | 763,614 | 132,511 |
| ~1743823 | ~651 628 |
| 11. | CREDITORS | : AMOUNTS | F | AL | LING DUE | WITHIN ONE YEAR | |||
|---|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||||
| f | f | ||||||||
| Trade creditors | 103,153 | 4,043 | |||||||
| Other creditors | 165,361 | 126,368 | |||||||
| Accrued expenses | 482,600 | ~275 855 | |||||||
| ~751 114 | ~406266 | ||||||||
| 12. | MOVEMENT | IN FUNDS | |||||||
| Net | |||||||||
| movement | At | ||||||||
| At 1.9.22 | in funds | 31.8.23 | |||||||
| f, | f | ||||||||
| Unrestricted | funds | ||||||||
| General fund | 221,989,830 | (3,296,703) | 218,693,127 | ||||||
| TOTALFUNDS | 221.989830 | ~3296703] | 218693.127 | ||||||
| Net movement | in funds, included | in the above | are as follows: | ||||||
| Incoming | Resources | Movement | |||||||
| resources f |
expended f |
in funds | |||||||
| Unrestricted | funds | ||||||||
| General fund | 25,768,640 | (29,065,343) | (3,296,703) | ||||||
| TOTAL FUNDS | 2 . 68 640 | ~291)6 .343) | ~3296703) | ||||||
| Comparatives | for movement | in | funds | ||||||
| Net | |||||||||
| movement | At | ||||||||
| At 1.9.21 | in funds | 31.8.22 | |||||||
| f | |||||||||
| Unrestricted | funds | ||||||||
| General fund | 215,905,357 | 6,084,473 | 221,989,830 | ||||||
| TOTAL FUNDS | 215911 357 | 608 4 3 | 221989830 | ||||||
| Comparative | net movement | in | funds, included | in the above are as follows: | |||||
| Incoming | Resources | Movement | |||||||
| resources f, |
expended f |
in funds f. |
|||||||
| Unrestricted | funds | ||||||||
| General fund | 30,916,771 | (24,832,298) | 6,084,473 | ||||||
| TOTAL FUNDS | 3091677 | ~24832298) | 6084 73 |
ACTIVITIES |
FROM OPERA | TING | ||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Net (expenditure)/income Financial Activities) Adjustments for: |
for tbe reporting | period (as per tbe Statement of | f (3,296,703) |
f 6,084,473 |
| Depreciation chargm Profit on disposal offixed assets interest received Donated assets Assets donated Increase in debtors Increase in creditors |
3,197,585 (303,526) (224,145) (1,266,495) 198,565 (1,092,195) 344 848 |
3,060,697 (43,175) (11,144,731) (19,490) 81 956 |
||
| Net cash used in operations | ~2,442,066) | ~1,980,270) | ||
| ANALYSIS OF CHANGES IN NET FUNDS | ||||
| Net cash | At 1.9.22 f |
Cash tlow f |
At 31.8.23 f |
|
| Cash at bank | 8,591,435 | ~843293) | 7,748,142 | |
| ~8591,435 | ~843,293) | 7,748,142 | ||
| Total | ~8,591435 | ~843,293) | 7,748,142 |