| STATEMENT OF FI | NANCIAL A | C | TIVIT | IES | ||
|---|---|---|---|---|---|---|
| Unrestricted | Total | |||||
| C~~NT | Funds | Funds | ||||
| Notes | 2023 | 2023 | ||||
| INCOME | ||||||
| Donations and legacies |
6,260 | 6,260 | ||||
| Investment income |
108,042 | 108,042 | ||||
| Charitable activities |
26,576 | 26,576 | ||||
| TOTAL INCOME | 140,878 | 140,878 | ||||
| EXPENDITURE | ||||||
| Raising funds | 1,918 | 1,918 | ||||
| Charitable activities |
103,812 | 103,812 | ||||
| TOTAL EXPENDITURE | 105,730 | 105,730 | ||||
| NET SURPLUS IN | FUNDS | |||||
| BEFORE GAINS AND LOSSES | ||||||
| ON INVESTMENTS | 35,148 | 35,148 | ||||
| Gain on revaluation ofinvestment |
assets | 11 | 466,729 | 466,729 | ||
| NET MOVEMENT | IN FUNDS | 501,877 | 501,877 | |||
| Reconciliation ofFunds |
||||||
| Total funds brought | forward | 3,634,360 | 3,634,360 | |||
| Total funds carried | forward | 4,136,237 | 4,136,237 | |||
| Unrestricted | Total | |||||
| PRIOR YEAR | Funds | Funds | ||||
| Notes | 2022 | 2022 | ||||
| INCOME | ||||||
| Donations and legacies |
16,948 | 16,948 | ||||
| Investment income |
105,375 | 105,375 | ||||
| Charitable activities |
13,582 | 13,582 | ||||
| TOTAL INCOME | 135,905 | 135,905 | ||||
| EXPENDITURE | ||||||
| Raising funds | 16,282 | 16/82 | ||||
| Charitable activities |
53,567 | 53,567 | ||||
| TOTAL EXPENDITURE | 69,849 | 69,849 | ||||
| NET SURPLUS IN FUNDS | ||||||
| BEFORE GAINS AND LOSSES | ||||||
| ON INVESTMENTS | 66,056 | 66,056 | ||||
| Losses on revaluation | ofinvestment | asse | 11 | (84,441) | (84,441) | |
| NET MOVEMENT | IN FUNDS | (18,385) | (18,385) | |||
| Reconciliation ofFunds |
||||||
| Total funds brought | forward | 3,652,745 | 3,652,745 | |||
| Total funds carried | forward | 3,634,360 | 3,634,360 |
| BALANCE SHEET | ||||||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| Notes | ||||||
| FIXEDASSETS | ||||||
| Tangible fixed assets |
10 | 1,591 | 2,]60 | |||
| Investments | 11 | 4,026,348 | 3,559,619 | |||
| TOTAL FIXEDASSETS | 4,027,939 | 3,561,779 | ||||
| CURRENT ASSETS | ||||||
| Debtors | 12 | 7,377 | 9,407 | |||
| Cash at bank | 109,493 | 77,710 | ||||
| TOTAL CURRENT ASSETS | 116,870 | 87,117 | ||||
| CREDITORS: amounts |
falling due | |||||
| within one year | 13 | 8,572 | 14,536 | |||
| NKT CURRENT ASSETS | 108,298 | 72,581 | ||||
| TOTAL ASSETSLESSCURRENT | LIABILITIES | 4,136,237 | 3,634,360 | |||
| THE FUNDS OF THE CHARITY | ||||||
| Unrestricted Income funds |
14 | 4,136,237 | 3,634,360 | |||
| TOTALCHARITYFUNDS | 4,136,237 | 3,634,360 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | f. | ||||||
| Cash used in operating | activities | 16 | (76,259) | (84,378) | |||
| Cash flows from investing | activities | ||||||
| Interest, | dividends and |
rents received | 108,042 | 104,975 | |||
| Purchase | ofinvestments | (46,933) | |||||
| Purchase | fixed assets | (450) | |||||
| Net cash | provided by |
investing activities |
108,042 | 57,592 | |||
| Change | in cash and cash equivalents | in the year | 31,783 | (26,786) | |||
| Cash and cash equivalents | brought | forward | 77,710 | 104,496 | |||
| Cash and cash equivalents | carried | forward | 109,493 | 77,710 |
| VOLUNTARY INCOME | Unrestricted | Total | Unrestricted | Total |
|---|---|---|---|---|
| Funds | Funds | Funds | Funds | |
| 2023 | 2023 | 2022 | 2022 | |
| Donations | 5,863 | 5,863 | 15,735 | 15,735 |
| Gift aid | 397 | 397 | 1,213 | 1,213 |
| 6,260 | 6,260 | 16,948 | 16,948 | |
| All voluntary income received in 2023 and 2022 was unrestricted. |
||||
| INVESTMENT INCOME | Unrestricted | Tots! | Unrestricted | Total |
| Funds | Funds | Funds | Funds | |
| 2023 | 2023 | 2022 | 2022 | |
| 8 | 8 | |||
| Car park rental | 400 | 400 | ||
| Income from investments | 34,142 | 34,142 | 31,325 | 3],325 |
| Rental income - residential | 73,900 | 73,900 | 73,650 | 73,650 |
| 108,042 | 108,042 | 105,375 | 105,375 |
| Unrestricted | Total | Unrestricted | Total | ||
|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | ||
| 2023 | 2023 | 2022 | 2022 | ||
| Hall hire | 15,469 | 15,469 | 3,259 | 3,259 | |
| StGeorge's PCC | 2,471 | 2,471 | 2,522 | 2,522 | |
| Sundry | income | 8,636 | 8,636 | 7,801 | 7,801 |
| 26,576 | 26,576 | 13,582 | 13,582 |
| Unrestricted | Total | Unrestricted | Total | |||
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | |||
| 2023 | 2023 | 2022 | 2022 | |||
| Investment | property | repairs | 675 | 675 | 14,354 | 14,354 |
| Investment | property | light | ||||
| &heat contracts | 1,243 | 1,243 | 1,928 | 1,928 | ||
| 1,918 | 1,918 | 16,282 | 16,282 |
| EXPENDIT | URE ON | CHA | RITABLE A | CTIVITIES | |||||
|---|---|---|---|---|---|---|---|---|---|
| Support and | Support | and | |||||||
| Charitable | Governance | Total | Charitable | Governance | Total | ||||
| Activities | Costs | 2023 | Activities | Costs | 2022 | ||||
| f, | |||||||||
| Other donations | 3,859 | 3,859 | |||||||
| Grants paid (note 7) | 4,000 | 4,000 | 2,250 | 2,250 | |||||
| Light and heat | 25,507 | 25,507 | 3,164 | 3,164 | |||||
| Rates and Council Tax | 714 | 714 | 484 | 484 | |||||
| Telephones | 778 | 778 | 457 | 457 | |||||
| Repairs | 31,949 | 31,949 | 10,713 | 10,713 | |||||
| Cleaning | 5,627 | 5,627 | 5,453 | 5,453 | |||||
| Sundry | 3,061 | 3,061 | 1,911 | 1,911 | |||||
| Minibus | 3,888 | 3,888 | 4,004 | 4,004 | |||||
| Insurance | 8,879 | 8,879 | 5,348 | 5,348 | |||||
| Depreciation | 569 | 569 | 723 | 723 | |||||
| Wages and salaries | 13,143 | 13,143 | 17,319 | 17,319 | |||||
| Bank charges | 63 | 63 | 96 | 96 | |||||
| Independent | examiners | fees | 1,775 | 1,775 | 1,645 | 1,645 | |||
| 102,037 | 1,775 | 103,812 | 51,922 | 1,645 | 53,567 |
| Unrestricted | Total | Unrestricted | Total | ||
|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | ||
| 2023 | 2023 | 2022 | 2022 | ||
| 6 | |||||
| St George's Primary School | 4,000 | 4,000 | |||
| St George's Pop in centre | 2,250 | 2,250 | |||
| 4,000 | 4,000 | 2,250 | 2,250 | ||
| All grants to institutions | for 2023 and 2022 | were unrestricted. | |||
| NET INCOME FORTHE YEAR | 2023 | 2022 | |||
| This is stated after charging: | f, | ||||
| Depreciation oftangible | fixed assets: | ||||
| -owned by charity | 569 | 723 | |||
| Independent examiners |
fee | 1,775 | 1,645 |
| STAFF COSTS | 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|---|
| Staff costs were as follows:- | ||||||||
| Wages and salaries | 13,143 | 17,319 | ||||||
| The average monthly | number ofemployees | during the year was as follows:- | ||||||
| 2023 | 2022 | |||||||
| Administrative | 2 | 2 | ||||||
| No employee received |
remuneration amounting to more than Q0,000 in either |
year. | ||||||
| The key management | personnel ofthe charity | comprise the board ofnxtstees. | The total | employee benefits |
||||
| ofthe key management | personnel ofthe charity was fNII. (2022:fNII) | |||||||
| 10. | TANGIBLE FIXED | ASSETS | Motor | Fixtures & | ||||
| Vehicles | Fittings | Total | ||||||
| COST | ||||||||
| Balance at 1st July 2022 and 30th | June 2023 | 21,444 | 66,531 | 87,975 | ||||
| DEPRECIATION | ||||||||
| Balance at 1st July 2022 | 21,442 | 64,373 | 85,815 | |||||
| Charge for the year | I | 568 | 569 | |||||
| Balance at 30th June | 2023 | 21,443 | 64,941 | 86,384 | ||||
| NET BOOK VALUE | AT 30th June 2023 | 1,590 | 1,591 | |||||
| TANGIBLE FIXEDASSETS | Motor | Fixtures & | ||||||
| Vehicles | Fittings | Total | ||||||
| COST | ||||||||
| Balance at 1st July 2021 | 21,444 | 66,081 | 87,525 | |||||
| Additions | 450 | 450 | ||||||
| Balance at 30th June | 2022 | 21,444 | 66,531 | 87,975 | ||||
| DEPRECIATION | ||||||||
| Balance at 1st July 2021 | 21,440 | 63,652 | 85,092 | |||||
| Charge for the year | 2 | 721 | 723 | |||||
| Balance at 30th June | 2022 | 21,442 | 64,373 | 85,815 | ||||
| NET BOOK VALUE AT 30th June 2022 | 2,158 | 2,160 | ||||||
| All fixed assets are used for direct | charitable | purposes. |
| FIXED ASSET INVESTMENTS | FIXED ASSET INVESTMENTS | Investment | Other | Total |
|---|---|---|---|---|
| Property | Investments | 2023 | ||
| 8 | ||||
| Market value | at 1st July 2022 | 2,000,000 | 1,559,619 | 3,559,619 |
| Revaluations | and losses | 350,000 | 116,729 | 466,729 |
| Market value | at 30th June 2023 | 2,350,000 | 1,676,348 | 4,026,348 |
| Investments | at market value comprise: | 2023 | ||
| Amalgamated | trust fund | 1,676,348 | ||
| 15Dowlas Street | 800,000 | |||
| 131Coleman | Road | 800,000 | ||
| 1 Newent Close |
750,000 | |||
| 4,026,348 | ||||
| FIXEDASSET INVESTMENTS | Investment | Other | Total | |
| Property | Investments | 2022 | ||
| Market value | at 1stJuly 2021 | 2,000,000 | 1,597, 127 | 3,597,127 |
| Additions | 46,933 | 46,933 | ||
| Revaluations | and losses | (84,441) | (84,441) | |
| Market value | at 30th June 2022 | 2,000,000 | 1,559,619 | 3,559,619 |
| Investments | at market value comprise: | 2022 | ||
| Amalgamated | trust fund | 1,559,619 | ||
| 15Dowlss Street | 650,000 | |||
| 131Coleman | Road | 650,000 | ||
| 1 Newent Close | 700,000 | |||
| 3,559,619 |
| DEBTORS | 2023 | 2022 | ||
| Other debtors | 594 | 3,206 | ||
| Prepayments | and accruals | 6,783 | 6,201 | |
| 7,377 | 9,407 | |||
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | 2023 | 2022 | ||
| Other creditors | 5,737 | 11,856 | ||
| Accruals and | deferred | income | 2,835 | 2,680 |
| 8,572 | 14,536 |
| 14. | MOVEMENT IN | FUNDS | |||||
|---|---|---|---|---|---|---|---|
| CBRRBNTYBAll: | Brought | Carried | |||||
| Forward | Income | Expenditure | Gains | Forward | |||
| Designated Funds |
|||||||
| Balmer Education | Fund | 156,185 | 3,416 | (4,000) | 155,601 | ||
| General Funds | |||||||
| General Funds | 3,478,175 | 137,462 | (101,730) | 466,729 | 3,980,636 | ||
| Total Unrestricted | Funds | 3,634,360 | 140,878 | (105,730) | 466,729 | 4,136,237 | |
| MOVKMKNT IN |
FUNDS | ||||||
| P TC YBAR'. |
Brought | Carried | |||||
| Forward | Income | Expenditure | Losses | Forward | |||
| Designated Funds |
f | 6 | |||||
| Balmer Education | Fund | 164,904 | 3,137 | (11,856) | 156,185 | ||
| General Funds | |||||||
| General Funds | 3,487,841 | 132,768 | (69,849) | (72,585) | 3,478,175 | ||
| Total Unrestricted | Funds | 3,652,745 | 135,905 | (69,849) | (84,441) | 3,634,360 |
| RECONCILIATION ACTIVITIES |
OF NKT MOVK | MKNT IN FU | NDS TO NKT CASH | FLOW FROM OPERA | TING | |
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| Net movement in funds |
501,877 | (18,385) | ||||
| Add back depreciation | 569 | 723 | ||||
| Deduct dividend and |
interest income shown in investing | activities | (34,142) | (31,325) | ||
| Deduct rental income | shown in investing | activities | (73,900) | (73,650) | ||
| Deduct (gains)/losses | on investments | (466,729) | 84,441 | |||
| (Decrease)/Increase | in debtors | 2,030 | (4,435) | |||
| Decrease in creditors | (5,964) | (41,747) | ||||
| (76,259) | (84,378) |