**Charity registration number 283068**
## **THE EARLEY CHARITABLE TRUST**
**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **THE EARLEY CHARITABLE TRUST**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Trustees**|M K J Steed|
|---|---|
||D J Medlock|
||M C Parting|
|**Charity number**|283068|
|**Principal address**|153 Wokingham Road|
||Reading|
||Berkshire|
||RG6 1LW|
|**Independent examiner**|Frances Wilde FCCA DChA|
||Warner Wilde|
||Chartered Certified Accountants|
||4 Marigold Drive|
||Bisley|
||Surrey|
||GU24 9SF|
## **THE EARLEY CHARITABLE TRUST**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 3|
|Independent examiner's report|4|
|Statement of financial activities|5|
|Balance sheet|6|
|Notes to the financial statements|7 - 14|
## **THE EARLEY CHARITABLE TRUST**
## **TRUSTEES' REPORT**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
The trustees present their annual report and financial statements for the year ended 31 March 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).
## **Objectives and activities**
The Trust is established to advance the Christian religion. The church’s policy remains that of pursuing those objectives in an unrestricted manner. These aims are of benefit to the local community not only in providing a place of local worship but also additional community amenities such as the child and toddlers club and various youth activities.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
## **Achievements and performance**
The pattern of meetings has reverted back to pre-covid times with the vast majority of people meeting together as normal. In many ways covid seems a distant memory. A very small number of folks meet via zoom on Sundays and Tuesdays, however, it is likely we will stop the coverage of the prayer meeting by zoom as its difficult to man the technology on a regular basis.
It has become increasingly difficult to maintain a regular meeting on a Sunday evening and this continues to be reviewed by the leadership.
The recent movements in personnel moving in and out of the church appears to have slowed and the attendance has settled down. The majority of new families have remained and are getting more involved in church life. There is a lot of time and effort spent on children and youth work as this appears to be a growing area in the church.
Other meeting during the week have continued with a good attendance in the various home groups. The ladies meeting is very well attended and the periodic men’s breakfast event attracts a good attendance.
The changes in the occupancy of the two properties on site took place as anticipated during the year. Jose & Marioly Cuidad moved into the main house from next door at 153b after the completion of renovations in the house. Jamie & Elizabeth Moorcroft moved into 153b a few months later and are now well settled. Both couples have invited people to join them in the respective houses and they are now pretty full. The main house is now being used for a much wider range of church activities in line with the wishes of Jose & Mario.
The outreach to the Ukrainian refugees has continued throughout this time period. The coffee morning continues twice monthly in the hall. A number of Ukrainian families attend on a regular basis as well as new faces from time to time. A number of outings have been arranged during the year.
The church continues to provide a lot of practical support to help the families to settle and move into their own rented properties. The type of support required will change as families become settled and employed.
There is a continued commitment to continue the support for the foreseeable future although the level of support may have to change.
The outreach meetings in the shopping precincts at Reading and Woodley continue to take place on a regular basis. There have been changes in the personnel involved in the team but it is working well and smoothly.
The New Life Conference at Quinta, Boys Camp and Girls House party all took place during the year. A lot of the new families attended the summer conference at Quinta this year and had a great time. The church continues to supply a significant amount of leadership, support and resources for all of these events.
- 1 -
## **THE EARLEY CHARITABLE TRUST**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **Property Developments and Funding**
With the change of personnel in the properties there was an opportunity to make changes and renovations on a significant scale.
The downstairs kitchen, dining room, utility and youth area has been remodeled into an open plan area to make it more user friendly for families and groups to live.
A significant amount of additional insulation has been fitted into the floors, walls and ceilings of that area to make it more comfortable during the colder weather. This should also help to reduce the cost of heating in the winter.
The top floor bedrooms have also been insulated to provide a more comfortable living environment and reduce the costs.
The remaining wooden windows in 153b were replaced with modern double glazed units as planned. This should provide a warmer living environment and reduce bills for the new family.
## **Volunteer Working**
All of the activities in the church are run and co-coordinated by members of the church. Church members regard this as part of their normal church life and service to the community. They do not see themselves as “volunteers” in the sense it is normally interpreted. There are no helpers that are not church members, so under these circumstances it was not deemed necessary to have a policy on volunteer working.
## **Complaints**
The majority of concerns raised by individuals are dealt with at source by the individuals responsible for that particular area. Any serious concerns are raised with the Eldership and dealt with appropriately.
There is a safeguarding policy for the protection of Vulnerable Adults and Children which was updated in April 2024.
There have been no serious complaints or safeguarding issues raised during the year.
## **Financial review**
The church continues to be financially dependent on the free will offerings made by church members. There continue to be no employed positions in the church and all the work required to run the church is carried out on a voluntary basis.
Overall income increased from £100,012 to £122,238. Total outgoings increased from £124,111 to £142,258. Therefore there was a deficit for the year of around £20,000 which was covered by cash in the church bank accounts. The level of gifts sent out was slightly down on last year at £57,579. There was a significant increase in running costs mainly due to renovations carried out on the two houses on site.
The cost of the renovations carried out at both properties was significant at around £43,000. This was necessary work in order to improve the living conditions in the houses and ensure the long term viability of families being able to cover the cost of heating in the future, The renovation work resulted in the properties being empty for some time and therefore the cost of utilities and council tax was picked up by the church which added a further £4,000 to the expense for the year.
It is hoped that next year 2024 -25 will see a significant decrease in the cost of maintenance as a lot of work has now been completed on all three properties.
## **Reserves Policy**
It remains the policy of the Trustees to use as much of the funds to assist individuals and groups locally and worldwide in the promotion of the Christian message whilst retaining sufficient funds to meet the regular commitments of the Trust. In view of the consistent pattern of income and expenses and the response to the recent appeal to raise specific funds to cover special costs the Trustees will continue its practice of not setting aside any reserves for unforeseen occurrences.
- 2 -
## **THE EARLEY CHARITABLE TRUST**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **Risk Management / Safeguarding**
ECT and the Trustees take the wellbeing and health and safety of all personnel involved with the functioning of the ECF church seriously. The trustees and leadership are committed to having the relevant policies reviewed and communicated to ensure that safeguarding policies are adhered to.
## **Structure, governance and management**
The charity is a trust governed by a Deed of Trust dated 29th June 1981.
The trustees who served during the year and up to the date of signature of the financial statements were: M K J Steed
D J Medlock M C Parting
Appointment of Trustees is governed by the Trust deed. Existing Trustees are authorised to appoint new Trustees to fill vacancies arising through resignation or death. They can also appoint additional Trustees.
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
## **Investment Powers**
The Trust deed empowers the Trustees to make and hold investments using the general funds of the charity. No such investment is currently held.
## **Eldership**
The current individuals continued in post as Elders during this period:
Paul Moorcroft Michael C Parting Peter Cowling Daniel Towers Matthew Steed
The trustees' report was approved by the Board of Trustees.
## M. C. Parting
M. C. Parting (Jan 29, 2025 11:29 GMT)
..............................
M C Parting **Trustee** 29/01/2025 Date: .............................................
- 3 -
## **THE EARLEY CHARITABLE TRUST**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF THE EARLEY CHARITABLE TRUST**
I report to the trustees on my examination of the financial statements of The Earley Charitable Trust (the charity) for the year ended 31 March 2024.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
## **Frances Wilde FCCA DChA**
Warner Wilde Chartered Certified Accountants 4 Marigold Drive Bisley Surrey GU24 9SF
29/01/2025 Dated: .........................
- 4 -
## **THE EARLEY CHARITABLE TRUST**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**3**
75,195
41,558
Charitable activities
**4**
2,890
2,276
Investments
**5**
319
-
**Total income**
78,404
43,834
**Expenditure on:**
Charitable activities
**6**
94,817
47,441
**Total expenditure**
94,817
47,441
**Net expenditure**
(16,413)
(3,607)
Transfers between
funds
(543)
543
**Net movement in**
**funds**
**9**
(16,956)
(3,064)
**Reconciliation of funds:**
Fund balances at 1 April 2023
163,942
16,745
**Fund balances at 31 March**
**2024**
146,986
13,681|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2023**
**2023**
**£**
**£**
**£**
116,753
52,471
44,736
5,166
2,368
155
319
282
-
122,238
55,121
44,891
142,258
79,743
44,368
142,258
79,743
44,368
(20,020)
(24,622)
523
-
(773)
773
(20,020)
(25,395)
1,296
180,687
189,337
15,449
160,667
163,942
16,745|**Total**
**2023**
**£**
97,207
2,523
282
100,012
124,111
124,111
(24,099)
-
(24,099)
204,786
180,687|
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
- 5 -
## **THE EARLEY CHARITABLE TRUST**
## **BALANCE SHEET**
## _**AS AT 31 MARCH 2024**_
|**Notes**
**Fixed assets**
Tangible assets
**12**
**Current assets**
Debtors
**13**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**14**
**Net current assets**
**Total assets less current liabilities**
**The funds of the charity**
Restricted income funds
**15**
Unrestricted funds
**16**|**2024**
**£**
21,009
35,562
56,571
(2,151)|**£**
106,247
54,420
160,667
13,681
146,986
160,667|**2023**
**£**
16,982
54,766
71,748
(2,151)|**£**
111,090
69,597|
|---|---|---|---|---|
|||||180,687|
|||||16,745
163,942|
|||||180,687|
## 29/01/2025
The financial statements were approved by the trustees on .........................
## M. C. Parting
M. C. Parting (Jan 29, 2025 11:29 GMT)
..............................
M C Parting **Trustee**
- 6 -
## **THE EARLEY CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **1 Accounting policies**
## **Charity information**
The Earley Charitable Trust is a trust.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention.The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
- 7 -
## **THE EARLEY CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **1 Accounting policies**
**(Continued)**
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land & buildings 2% straight line on buildings, 0% on land Fixtures & fittings 10% straight line Motor vehicles 20% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
## **1.7 Impairment of fixed assets**
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
## **1.8 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.9 Financial instruments**
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
- 8 -
## **THE EARLEY CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **1 Accounting policies**
## **(Continued)**
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
## **1.10 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **2 Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
## **3 Income from donations and legacies**
||**Unrestricted**|**Restricted**|**Total**|**Unrestricted**|**Restricted**|**Total**|
|---|---|---|---|---|---|---|
||**funds**|**funds**||**funds**|**funds**||
||**2024**|**2024**|**2024**|**2023**|**2023**|**2023**|
||**£**|**£**|**£**|**£**|**£**|**£**|
|Donations and gifts|75,195|41,558|116,753|52,471|44,736|97,207|
- 9 -
## **THE EARLEY CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **4 Income from charitable activities**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
**Charitable activities**
Sale of goods
717
-
Services provided under
contract
2,173
-
Other income
-
2,276
2,890
2,276|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2023**
**2023**
**£**
**£**
**£**
717
819
-
2,173
1,520
-
2,276
29
155
5,166
2,368
155|**Total**
**2023**
**£**
819
1,520
184|
|---|---|---|
|||2,523|
## **5 Income from investments**
|||**Unrestricted**|**Unrestricted**|
|---|---|---|---|
|||**funds**|**funds**|
|||**2024**|**2023**|
|||**£**|**£**|
||Interest receivable|319|282|
|**6**|**Charitable activities**|||
|||**Charitable**|
**Charitable**|
|||**Expenditure**|**Expenditure**|
|||**2024**|**2023**|
|||**£**|**£**|
||Depreciation and impairment|5,371|5,329|
||Church fellowship and teaching|513|661|
||Youth and schools work|1,638|1,278|
||Community support|2,167|3,500|
|||9,689|10,768|
||Grant funding of activities (see note 7)|59,829|66,693|
||Share of support costs (see note 8)|69,670|44,023|
||Share of governance costs (see note 8)|3,070|2,627|
|||142,258|124,111|
||**Analysis by fund**|||
||Unrestricted funds|94,817|79,743|
||Restricted funds|47,441|44,368|
|||142,258|124,111|
- 10 -
## **THE EARLEY CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_
|**7**|**Grants payable**|||
|---|---|---|---|
|||**Charitable**|**Charitable**|
|||**activities**|**activities**|
|||**2024**|**2023**|
|||**£**|**£**|
||Grants to institutions:|||
||Avail Mission|2,800|4,200|
||Faith Church, Pakistan|-|2,000|
||Hope in Africa|1,000|-|
||Reach|2,800|2,000|
||World Outreach|3,790|9,660|
||Living Waters|1,000|1,000|
||Reading University Christian Union|500|1,000|
||Warwick University Christian Union|500|-|
||Medair UK - Ukraine trauma kits|2,897|-|
||Other|-|900|
|||15,287|20,760|
||Grants to individuals|44,542|45,933|
|||59,829|66,693|
|**8**|**Support costs allocated to activities**|||
|||**2024**|**2023**|
|||**£**|**£**|
||Church running costs|4,688|2,893|
||Motor vehicles|1,973|2,838|
||Maintenance and property costs|46,850|25,263|
||Utilities|9,716|9,266|
||Insurance|4,501|3,763|
||Building costs|1,942|-|
||Governance costs|3,070|2,627|
|||72,740|46,650|
||**Analysed between:**|||
||Charitable activities|72,740|46,650|
|**9**|**Net movement in funds**|**2024**|**2023**|
|||**£**|**£**|
||The net movement in funds is stated after charging/(crediting):|||
||Depreciation of owned tangible fixed assets|5,371|5,329|
- 11 -
**THE EARLEY CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **10 Trustees**
## **11 Taxation**
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
## **12 Tangible fixed assets**
|**Freehold land**
**& buildings**
**Fixtures &**
**fittings**
**£**
**£**
**Cost**
At 1 April 2023
250,747
7,381
Additions
-
526
At 31 March 2024
250,747
7,907
**Depreciation and impairment**
At 1 April 2023
142,689
4,347
Depreciation charged in the year
4,615
756
At 31 March 2024
147,304
5,103
**Carrying amount**
At 31 March 2024
103,443
2,804
At 31 March 2023
108,058
3,032
**13**
**Debtors**
**Amounts falling due within one year:**
Other debtors
Prepayments and accrued income
**14**
**Creditors: amounts falling due within one year**
Trade creditors
Other creditors
Accruals and deferred income|**Motor**
**vehicles**
**£**
12,934
-
12,934
12,934
-
12,934
-
-
**2024**
**£**
17,043
3,966
21,009
**2024**
**£**
751
-
1,400
2,151|**Total**
**£**
271,062
526|
|---|---|---|
|||271,588|
|||159,970
5,371|
|||165,341|
|||106,247|
|||111,090|
|||**2023**
**£**
13,949
3,033|
|||16,982|
|||**2023**
**£**
-
789
1,362|
|||2,151|
- 12 -
## **THE EARLEY CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **15 Restricted funds**
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
||**At 1 April**|**Incoming**|**Resources**|**Transfers**|**At 31 March**|
|---|---|---|---|---|---|
||**2023**|**resources**|**expended**||**2024**|
||**£**|**£**|**£**|**£**|**£**|
|Mission Ministries|147|1,080|(1,200)|-|27|
|Buildings|2,727|12,224|(13,308)|-|1,643|
|Minibus|188|662|(1,393)|543|-|
|Support for named individuals|13,683|29,868|(31,540)|-|12,011|
||16,745|43,834|(47,441)|543|13,681|
|**Previous year:**|**At 1 April**|**Incoming**|**Resources**|**Transfers**|**At 31 March**|
||**2022**|**resources**|**expended**||**2023**|
||**£**|**£**|**£**|**£**|**£**|
|Mission Ministries|2,787|2,360|(5,000)|-|147|
|Buildings|3,486|4,807|(5,566)|-|2,727|
|Minibus|167|186|(165)|-|188|
|Support for named individuals|9,009|37,538|(33,637)|773|13,683|
||15,449|44,891|44,368|773|16,745|
Mission Ministries - formerly known as Love Gifts. This is for Missionary & Ministry support.
## **16 Unrestricted funds**
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
||**At 1 April**|**Incoming**|**Resources**|**Transfers**|**At 31 March**|
|---|---|---|---|---|---|
||**2023**|**resources**|**expended**||**2024**|
||**£**|**£**|**£**|**£**|**£**|
|General funds|163,942|78,404|(94,817)|(543)|146,986|
|**Previous year:**|**At 1 April**|**Incoming**|**Resources**|**Transfers**|**At 31 March**|
||**2022**|**resources**|**expended**||**2023**|
||**£**|**£**|**£**|**£**|**£**|
|General funds|189,337|55,121|(79,743)|(773)|163,942|
- 13 -
## **THE EARLEY CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **17 Analysis of net assets between funds**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
**At 31 March 2024:**
Tangible assets
106,247
-
Current assets/(liabilities)
40,739
13,681
146,986
13,681
**Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2023**
**£**
**£**
**At 31 March 2023:**
Tangible assets
111,090
-
Current assets/(liabilities)
52,852
16,745
163,942
16,745|**Total**
**2024**
**£**
106,247
54,420|
|---|---|
||160,667|
||**Total**
**2023**
**£**
111,090
69,597|
||180,687|
## **18 Related party transactions**
The following related party transactions occurred during the year:
David Medlock (trustee of Avail): Avail received £4,600 (2023 £4,200) in restricted gifts for specific support areas.
Peter Cowling (trustee of Reach / Learn4life): Learn4life received £2,750 (2023 £2,000) in gifts to support Christian schools' ministry.
Daniel Towers (elder hence effective trustee) received £20,570 for work done on 153 house maintenance, decided by the elders.
Hugh Moorcroft (son of an elder / effective trustee) received £11,316 for work done on 153 house maintenance, decided by the elders.
Payments were made to 1 Elder and a close relation totalling £15,000 in 2023 for Hall Roof repairs. This was approved by 3 unrelated trustees.
- 14 -
## 2024 accounts for approval EAR001 2801v1
Final Audit Report 2025-01-29
Created: 2025-01-29 By: Frances Wilde (frances@warnerwilde.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAZBcaHyp0ryxJfU-ua3PZI19YpzoLB69c
## "2024 accounts for approval EAR001 2801v1" History
## Document created by Frances Wilde (frances@warnerwilde.co.uk)
2025-01-29 - 10:56:25 GMT- IP address: 20.162.202.158
Document emailed to Mike Parting (mike.parting27@gmail.com) for signature
2025-01-29 - 10:56:30 GMT
## Email viewed by Mike Parting (mike.parting27@gmail.com)
2025-01-29 - 11:27:19 GMT- IP address: 142.250.32.39
Signer Mike Parting (mike.parting27@gmail.com) entered name at signing as M. C. Parting 2025-01-29 - 11:29:46 GMT- IP address: 2.222.252.13
## Document e-signed by M. C. Parting (mike.parting27@gmail.com)
Signature Date: 2025-01-29 - 11:29:48 GMT - Time Source: server- IP address: 2.222.252.13
Document emailed to Frances Wilde (frances@warnerwilde.co.uk) for signature 2025-01-29 - 11:29:50 GMT
## Email viewed by Frances Wilde (frances@warnerwilde.co.uk)
2025-01-29 - 14:06:04 GMT- IP address: 104.47.30.126
Document e-signed by Frances Wilde (frances@warnerwilde.co.uk)
Signature Date: 2025-01-29 - 14:06:33 GMT - Time Source: server- IP address: 20.162.202.158
## Agreement completed.
2025-01-29 - 14:06:33 GMT