Charity Registration No. 286042
Company Registration No. 01659610 (England and Wales)
EVERY HOME FOR CHRIST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
EVERY HOME FOR CHRIST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees Rev E R Leach J D Llewellyn A G Stone Charity number 286042 Company number 01659610 Registered office 44 Brick Farm Close Richmond TW9 4EG Independent examiner Leigh Golding ACA; CA(SA) Bankers Barclays Bank PLC 8 - 9 Hanover Square London W1A 4ZW Solicitors Rubinstein Callingham 6 Raymond Buildings Grays Inn London WC1R 5BZ
EVERY HOME FOR CHRIST
CONTENTS
| Page | ||
|---|---|---|
| Trustees' report | 1 | - 5 |
| Independent examiner's report | 6 | |
| Statement of financial activities | 7 | |
| Balance sheet | 8 | |
| Notes to the financial statements | 9 – 14 |
EVERY HOME FOR CHRIST
TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 DECEMBER 2022
The trustees present their report and financial statements for the year ended 31 December 2022.
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2022. The trustees have adopted the provisions of 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 main activities and aims of the organisation are as follows:
-
To arrange meetings, conferences, courses, services and broadcasts
-
To publish and disseminate religious literature among the public in general
-
To increase interest in Christian missionary activities throughout the world and generally to promote, promulgate, teach and practice the precepts and doctrines of the Christian faith and to seek to lead men, women and children to a saving knowledge of Jesus Christ.
An exhaustive list of our objectives is contained in our Memorandum of Association
Significant activities
In September 2022 the charity made donations of £21 734.69 to overseas projects as follows: (this was from donations received in 2021)
| In September 2022 the charity made donations received in 2021) |
donations of £21 |
|---|---|
| Description | Amount in GBP |
| EHC Angola/Namibia | 110.00 |
| EHC Africa Water Wells & Pumps | 1,431.25 |
| Africa - Pass-on Programme | 607.50 |
| Africa Food Security Programme | 315.00 |
| Community Toilet Scheme | 747.85 |
| Evangelist Support - Asia | 550.00 |
| EHC: Bangladesh (General) | 123.75 |
| Bangladesh (Child/vocation) | 225.00 |
| EHC Evangelist Bangladesh | 555.00 |
| EHC: Bangla/rickshaw | 10.00 |
| Bangladesh Child Sponsor | 1,278.75 |
| EHC: Cambodia | 31.25 |
| Christmas gift for Workers | 82.50 |
| Christmas gift children | 936.25 |
| Mosquito Nets, Africa | 360.00 |
| Feed 5000 | 822.50 |
| Evangelists in India | 525.00 |
| India - Child Sponsorship | 2,323.51 |
| Liberia | 12.50 |
| Orphaned Children in Malawi | 360.00 |
| Malawi famine | 25.00 |
| Christmas Stocking | 12.50 |
| Malawi Evangelists | 1,548.75 |
| Nepal Child Sponsorship | 270.00 |
| Papua, New Guinea | 61.25 |
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EVERY HOME FOR CHRIST
TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 DECEMBER 2022
| Gift to the poor | 196.00 |
|---|---|
| Food for the Hungry | 3,312.08 |
| EHC: Russia | 87.50 |
| Sewing Machine | 896.75 |
| East Timor Gospel Lit | 3,917.25 |
| Total | 21,734.69 |
Following donations received in 2022, the charity made donations of £29,629.15 towards the following overseas projects in September 2023:
Australia giving to be distributed as follows:
| Destination Code | Description | Sum of Amount |
|---|---|---|
| A0014 | Africa,Poor togrow food | 50.00 |
| A008 | EHC Africa Water Wells & Pumps | 1,510.00 |
| A015 | Africa - Pass-on Programme | 120.00 |
| A016 | Africa Food SecurityProgramme | 370.00 |
| A419 | CommunityToilet Scheme | 367.04 |
| Asia001 | Evangelist Support - Asia | 600.00 |
| B002 | Bangladesh(Child/voc) | 115.00 |
| B003 | EHC Evang.Bangla | 415.00 |
| B006 | EHC: Bangla/rickshaw | 480.00 |
| B011 | Bangladesh Child Sponsor | 957.27 |
| B030 | EHC: Brazil | 225.00 |
| CH01 | Christmasgift childre | 294.04 |
| CH04 | Mosquito Nets,Africa | 360.00 |
| E002 | Children/Christmasgift | 450.00 |
| FE50 | Feed 5000 | 565.00 |
| I009 | Evangelists in India | 1,213.00 |
| I010 | India - Child Sponsorship | 1,915.00 |
| M009 | Malawi Evangelists | 1,410.00 |
| N011 | Nepal Child Spon/ship | 80.00 |
| P003 | Gift to thepoor | 25.00 |
| P006 | Food for the Hungry | 2,924.08 |
| Sew01 | SewingMachine | 405.00 |
| T011 | East Timor Gospel Lit | 2,658.72 |
| U001 | Ukraine | 3,642.00 |
| UK002 | Ukraine Humanitarian Assistance | 2,970.00 |
| UK003 | Ukraine TakingThe Gospel | 882.00 |
| Z001 | EHC: Zambia | 100.00 |
| Total | 25,103.15 |
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EVERY HOME FOR CHRIST
TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 DECEMBER 2022
Israel giving to be distributed as follows:
| Israelgiving to be distributed as follows: | ||
|---|---|---|
| 2022 | ||
| 1032 | Israel - Evan & Maala Thomas / Beit-Asaph | 15.00 |
| I030 | EHC: Israel | 1,178.00 |
| I031 | Jacob Damkani | 185.00 |
| I032 | Evan Thomas | 545.00 |
| Total for 2022 | 1,923.00 | |
| 2021 | ||
| 1032 | Israel - Evan & Maala Thomas / Beit-Asaph | 12.50 |
| I030 | EHC: Israel | 1,599.25 |
| I031 | Jacob Damkani | 415 |
| I032 | Evan Thomas | 576.25 |
| Total for 2021 | 2,603.00 | |
| Grand total (2021+ 2022) | 4,526.00 |
Volunteers
The charity currently has no volunteers other than the trustees and directors.
Achievements and performance Financial review
The Directors and Trustees have had to consider the short, medium and long term priorities for Every Home For Christ UK in light of the financial difficulties imposed by Coronavirus. Wanting to protect and increase the income of the charity during this financially challenging time, the Directors and Trustees are exploring ways to cut back on operational costs. One of these will be decreasing our fundraising newsletter from monthly to bi-monthly to compensate for the rising cost of living, in particular printing and postage.
Financial Reserves
The Directors have established the level of reserves that the company ought to have. Reserves will be defined as funds that are freely available, separate from those that are designated gifts or those that are set aside and designated for future specific purposes.
Reserves are required to bridge the gap between incoming resources from donations and events and spending on running costs (office and newsletter) and commitments to the international ministry.
The Board of Directors, allowing for 3 months running costs for office and newsletter commitments to international ministries and provision for urgent humanitarian aid, consider that the ideal level of reserves would be £12,000 for 2022.
At times outgoing costs exceed incoming income although EHC Australia continues to offer financial support to Every Home For Christ UK (EHCUK).
Principal funding sources
Funding is solely from supporters on the EHC database.
FUTURE DEVELOPMENTS
'Change the World School of Prayer' seminars will continue to be organised, subject to the availability of facilitators from EHC's international staff.
The availability of the 'Change the World School of Prayer' on DVD has now opened up other avenues and possibilities for this teaching within the UK.
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EVERY HOME FOR CHRIST
TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 DECEMBER 2022
Structure, governance and management
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
Rev E R Leach J D Llewellyn A G Stone
Recruitment and appointment of new trustees
As a charitable organisation and a limited company, EHCUK needs to ensure that it recruits people to serve on its board with the appropriate skills, aptitude and commitment. Board membership is a chance to learn new, diverse skills and ways of working. Each board member has a role in the charity's operation, and not one trustee is more important or accountable than any other.
Although EHCUK Trustees are not paid for their services, this does not mean they are 'amateurs' or unprofessional. Trustees have an important say in the way the charity supports and provides services.
Trustees have the ultimate responsibility for the management and administration of the organisation. As a limited company, they do not have personal liability for the finances (unless there has been negligence) and they are the 'employers' of all the staff. Trustees must act prudently at all times in the best interests of EHCUK and its users, and are accountable for the proper management of the charity and its assets.
Recruitment & Selection
Trusteeship is a skill that grows over time with experience - and with training where necessary. But the better EHCUK handles the selection, recruitment and induction of new trustees at the outset, the greater the immediate contribution they will be able to make to the quality of EHCUK governance and its work. This is likely to produce, not only better results for those EHCUK is there to help, but also greater confidence and fulfilment for the new trustees themselves.
Identification of potential Trustees
EHCUK currently uses its own networks and contacts to identify potential members. Potential members are approached in person by the Chairman or another Trustee and asked if they are interested.
EHCUK may openly recruit Trustees, placing an advertisement in the appropriate press.
Induction and training of new trustees Information
In addition to the Annual Report and Accounts previously sent, new Trustees will be sent the following information:
a) EHCUK governing document - Memorandum and Articles of Association
b) Mission statement
c) Minutes of the last year of board meetings
d) Companies House Form 288a - appointment of Director
e) A copy of Companies House Director and Secretaries Guide
f) EHCUK appropriate policies
g) The most recent set of management accounts h) Board schedule
i) Contact details of other Trustees
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EVERY HOME FOR CHRIST
TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 DECEMBER 2022
Training
EHCUK wishes to invest in the training, support and development of its trustees, as with its members of staff, in order to increase the contribution that the board can make to the charity's management.
Courses
If demand is required from the Board, EHCUK will endeavour to hold a training day on a specific topic for all board members on the same day. Alternatively, relevant courses may be appropriate which can be conducted externally or internally.
Briefing at Board Meetings
If demand is required, EHCUK will arrange for a briefing to take place as part of a Board meeting.
Budget for Training
EHCUK will pay reasonable Board Travel and Expenses.
Organisational structure
The charity has its Board of Trustees and one part time office employee.
Wider network
EHCUK works in partnership with other EHC offices around the world and reports activities to the International Office based in Colorado, USA. No financial support for the UK is derived from the International office. EHC worldwide has an International President and Regional Directors.
Related parties
The charity employed Mrs. L. Stone, on a part time basis to deal with administration matters.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The trustees' report was approved by the Board of Trustees.
A G Stone Dated: 27 September 2023
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EVERY HOME FOR CHRIST INDEPENDENT EXAMINER'S REPORT TO TRUSTEES OF EVERY HOME FOR CHRIST I repryt to the d)arity trustees on my examinalh)n of the aJnts of Every Home for Chr1 (the charity) for the year ended 310rnber 2022. Responsibilities and basls ol report As the Irustses of the charity land also its dlreclors fL¥ the purposes of Gompany law} you are responsible for the preparation of the accounts in accordance vthh the requirerrents of the Companies Act 2006 (the 2006 Act). Having satisfied mysellthat th6 a0unts of fv charity are not requtred lo bè audited under Part 16 of the 2006 Act and are eligible for independent examination, I report In respect of my examination of the charity's accounts as carfied out under section 145 of the Charities Act 2011 {the 2011 Act). In carrying out my examination I have followed all the applicable DectnS given by th& Charity Commission under section 14515llbl of the 2011 Act. Independentexamlnerfs statement I confirm that l am qualifd lo undertake the examinalion because l am a member of the Institute of Chartered Accountants ol EngLand and Wales. I have completed my examinallon. l ts)nlOrm that no matters have ccrfne to my attènllon In ccr¢n8Ctlon wllh the examination gwing me cause to believe Ihat in any malerkql respèct: accounts'ng reId$ were not kept in respect ol the charity as rewired by 8eCtbn 386 of the 2006 Act; the accounts do not accord wlth those rec£rds,' or Ihe accounts do not comply with Ihe accounting requem8nts of sect[ 396 of the 2006 Act other than any requirement that the accounts g1 a true and fa vléw whith ks not a matter (x>n8ldered 88 part of an indapendenl 8xaminalNJn'. or th9 accounts have not been prepared In actothnc6 wtth the methods and wlnclple8 of th8 Statement of Recommended Pradice frM accwnllng arKI reporting by charities applicable lo charities preparing Ihelr accounts In accordance with the Financial Reporb'ng Standard applicable in the UK and RgpubllG of Ireland IFRS 102). I have rbo concerns and have com8 across olher rr49tters In c¢)nneclion with the examlnalknn to whh allenllon should be drawn In thls rewt lo enable a prop8r underslanding of the financk31 slalemenl8 lo be reached. Lelgh Goldlng CA., CAISA) Dalèd: 27 Septen*)er 2023
EVERY HOME FOR CHRIST
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2022
| Notes Unrestricted Funds Restricted Funds 2022 2022 Income from: £ £ £ Donations and Legacies 2 27,577 28,221 Investments 3 15 - Government Grants 4 - - Total Income 27,592 28,221 Expenditure on: Raising Funds 5 56,850 - Charitable activities 6 - 27,297 Total resources expended 56,850 27,297 Net income/ (expenditure) for the year/Net movement in funds (29,258) 924 Fund balances at 1 January 2022 (1,635) 16,652 Fund balances at 31 December 2022 (30,893) 17,576 |
Total Unrestricted Funds Restricted Funds 2022 2021 2021 £ £ £ 55,798 50,298 22,918 15 2 - - 499 - 55,813 50,799 22,918 56,850 59,028 - 27,297 - 24,681 84,147 59,028 24,681 (28,334) (8,229) (1,763) 15,017 6,593 18,415 (13,317) (1,635) 16,652 |
Total 2021 £ 73,217 2 499 73,718 |
|---|---|---|
59,028 24,681 83,709 |
||
| (9,991) 25,008 15,017 |
||
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
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EVERY HOME FOR CHRIST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
| 2022 Notes £ Fixed Assets Tangible Assets 11 Current Assets 12 Debtors - Cash at Bank and in hand 45,598 45,598 Creditors falling due within 1 yr 13 (37,419) Net current assets/(liabilities) Long term liabilities 14 Total assets less liabilities Income funds 15 Restricted funds General Unrestricted funds |
2021 £ £ £ 2,413 2,980 284 72,119 72,403 (33,056) 8,179 39,347 (23,909) (27,310) (13,317) 15,017 17,576 16.652 (30,893) (1,635) (13,317) 15,017 |
2021 £ £ £ 2,413 2,980 284 72,119 72,403 (33,056) 8,179 39,347 (23,909) (27,310) (13,317) 15,017 17,576 16.652 (30,893) (1,635) (13,317) 15,017 |
|---|---|---|
16.652 (1,635) 15,017 |
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2021.
The trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Trustees on 27 September 2023.
A G Stone Trustee Company registration No. 01659610
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EVERY HOME FOR CHRIST NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
1. Accounting Policies
Charity information
Every Home for Christ is a private company limited by guarantee incorporated in England and Wales. The registered office is 44 Brick Farm Close, Richmond, TW9 4EG.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's Trust Deed, the Companies Act 2006 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). 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 applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
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
The Covid pandemic and ongoing cost of living crisis has impacted on the charity's fundraising income. As a grant making charity with few ongoing commitments, this will impact on new grants that can be made in the short term rather than affecting the ability of the charity to continue as a going concern. Further, EHC Australia continues to offer financial support to EHCUK, 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 as to how they may be used.
1.4 Incoming resources
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.
(Continued)
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EVERY HOME FOR CHRIST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022
1 Accounting Policies
(continued)
Donated services or facilities are recognised when the company has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the company of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS102), the general volunteer time of the friends is not recognised, The Trustees' report should be referred to for more information about their contribution.
On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the company which is the amount the company would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in the period of receipt.
1.5 Resources expended
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 benefit 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 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 allocated on the portion of the asset's use.
Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.
Charitable activities and Governance costs are costs incurred on the company's educational operations, including support costs and costs relating to the governance of the company apportioned to charitable activities.
Grants payable are charged in the year when the offer is made except those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but accrued as expenditure.
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:
Fixtures and fittings 25% on reducing balance Computers 25% on reducing balance
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 net income/(expenditure) for the year.
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EVERY HOME FOR CHRIST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022
2. Donations and Legacies
| 3. Investments 4.Government Grants 5.Raising Funds 6.Charitable Activities Unrestricted Funds Restricted Funds 2022 2022 £ £ Donations and gifts 27,577 28,221 Deposit Account Year 1 charges and interest on Bounce Back loan borne by The government Staff Costs Depreciation and Impairment Support Costs Grant funding of activities (see note 7) Analysis by fund Unrestricted funds Restricted funds For the year ended 31 December 2021 Restricted funds |
Total Unrestricted Funds Restricted Funds 2022 2021 2021 £ £ £ 55,798 50,298 22,918 2022 £ 15 2022 £ - 2022 £ 13,306 761 42,783 56,850 2022 £ 27,297 - 27,297 27,297 24,681 |
Total 2021 £ 73,217 2021 £ 2 2021 £ 499 2021 £ 13,760 848 44,420 59,028 2021 £ 24,681 - 24,681 24,681 |
|---|---|---|
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EVERY HOME FOR CHRIST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022
7. Grants Payable
| 7.Grants Payable | ||
|---|---|---|
| 8.Independent examiner’s remuneration Grants to institutions Australia EHC USA EHC Europe EHC Israel Other The analysis of independent examiner remuneration is as follows: Fees payable to Golding & Co Accounting Services Limited Examination of annual accounts |
2022 £ 25,103 - 235 1,923 36 27,297 2022 £ 2,250 |
2021 £ 21,734 - 343 2,603 - 24,681 2021 £ 2,100 |
9. Trustees
None of the trustees (or any persons connected with them) received any remuneration, reimbursement of expenses or benefits from the charity during the 2022 year (2021 – Nil).
10. Employees
Number of employees
The average monthly number of employees during the year was:
| Number of employees The average monthly number of employees during the |
year was: | |
|---|---|---|
| 2022 | 2021 | |
| Number | Number | |
| 1 | 1 | |
| 2022 | 2021 | |
| Employment Costs | £ | £ |
| Wages and Salaries | 13,125 | 13,517 |
| Social security costs | - | - |
| Other pension costs | 181 | 213 |
| 13,306 | 13,760 |
No employee received remuneration amounting to more than £60,000 in either year.
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EVERY HOME FOR CHRIST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
| 11. Tangible Fixed Assets 12. Debtors 13. Creditors: amounts falling due within one year Fixtures and Fittings Computer Equipment Cost At 1 January 2022 1,466 11,167 At 31 December 2022 1,660 11,167 Depreciation and Impairment At 1 January 2022 1,342 8,311 Depreciation charged in the year 47 714 At 31 December 2022 1,389 9,025 Carrying amount At 31 December 2022 271 2,142 At 31 December 2021 124 2,856 2022 £ Amounts falling due within one year: Other debtors - 2022 £ Other taxation and social security 157 Other creditors 31,483 Accruals and deferred income 2,250 Bounce Back Loan < 1 Year 3,529 37,419 |
Total 12,633 |
Total 12,633 |
|---|---|---|
| 12,827 | ||
| 9,653 761 10,414 |
||
| 2,413 2,980 2021 £ 284 2021 £ - 25,915 4,200 2,941 33,056 |
2,413 | |
2,980 |
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EVERY HOME FOR CHRIST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022
14 Long Term Liabilities
| Bounce Back Loan > 1 Year | 2022 £ 23,909 |
2021 £ 27,310 |
|---|---|---|
Loan received on 12 August 2020 in the amount of £30,000. First year charges and interest borne by the UK government, thereafter interest bearing at 2.5% p.a and repayable over a 9 year term. The loan is unsecured.
15 Restricted funds
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
| Balance at 31 | |||||||
|---|---|---|---|---|---|---|---|
| Balance at 1 | Incoming | Resources | Balance at 1 | Incoming | Resources | December | |
| January 2021 | Resources | Expended | January 2022 | Resources | expended | 2022 | |
| £ | £ | £ | £ | £ | £ | £ | |
| Restricted Funds |
18,415 | 22,918 | (24,681) | 16,652 | 28,221 | (27,297) | 17,576 |
16. Analysis of net assets between funds
| Unrestricted Funds Restricted Funds 2022 2022 £ £ Fund Balances at 31 December 2022 are represented by: Tangible Assets 2,413 - Current Assets/(liabilities) (9,397) 17,576 Long Term Liabilities (23,909) - (30,893) 17,576 |
Total Unrestricted Funds Restricted Funds Total 2022 2021 2021 2021 £ £ £ £ 2,413 2,980 - 2,980 8,179 22,695 16,652 39,347 (23,909) (27,310) - (27,310) (13,317) (1,635) 16,652 15,017 |
|---|---|
17. Prior year adjustment
Adjustments have been made to prior year figures in relation to an over accrual of grant expenditure, The adjustment has had the effect of increasing opening unrestricted funds balances by £31,595
18. Related Party
There were no disclosable related party transactions during the year (2021 - none).
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