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 2023
EVERY HOME FOR CHRIST
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | J D Llewellyn |
|---|---|
| A G Stone | |
| Rev E R Leach Deceased June 2024) | |
| 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 |
CONTENTS
EVERY HOME FOR CHRIST
| 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 2023
The trustees present their report and financial statements for the year ended 31 December 2023.
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 2023. 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 3. 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 July 2023 the charity made donations of £25,103.15 to overseas projects as follows: (this was from donations received in 2022)
| Description | Sum of |
|---|---|
| Amount | |
| Africa,Poor togrow food | 50.00 |
| EHC Africa Water Wells & Pumps | 1,510.00 |
| Africa - Pass-on Programme | 120.00 |
| Africa Food SecurityProgramme | 370.00 |
| CommunityToilet Scheme | 367.04 |
| Evangelist Support - Asia | 600.00 |
| Bangladesh(Child/voc) | 115.00 |
| EHC Evang.Bangla | 415.00 |
| EHC: Bangla/rickshaw | 480.00 |
| Bangladesh Child Sponsor | 957.27 |
| EHC: Brazil | 225.00 |
| Christmasgift childre | 294.04 |
| Mosquito Nets,Africa | 360.00 |
| Children/Christmasgift | 450.00 |
| Feed 5000 | 565.00 |
| Evangelists in India | 1,213.00 |
| India - Child Sponsorship | 1,915.00 |
| Malawi Evangelists | 1,410.00 |
| Nepal Child Spon/ship | 80.00 |
| Gift to thepoor | 25.00 |
| Food for the Hungry | 2,924.08 |
| SewingMachine | 405.00 |
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EVERY HOME FOR CHRIST
TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023
| East Timor Gospel Lit | 2,658.72 |
|---|---|
| Ukraine | 3,642.00 |
| Ukraine Humanitarian Assistance | 2,970.00 |
| Ukraine TakingThe Gospel | 882.00 |
| EHC: Zambia | 100.00 |
| Total | 25,103.15 |
Following donations received in 2023, the charity made donations of £17,602.97 towards the following overseas projects in July 2024:
| EHC Africa Water Wells & Pumps | 863.00 |
|---|---|
| Africa - Pass-on Programme | 73.00 |
| Africa Food SecurityProgramme | 230.00 |
| CommunityToilet Scheme | 375.00 |
| Evangelist Support - Asia | 560.00 |
| Bangladesh(Child/voc) | 70.00 |
| EHCEvang.Bangla | 820.00 |
| EHC:Bangla/rickshaw | 685.00 |
| Bangladesh Child Sponsor | 655.00 |
| Christmasgift for Workers | 50.00 |
| Christmasgift childre | 545.00 |
| Mosquito Nets,Africa | 220.00 |
| Feed5000 | 565.00 |
| Evangelists in India | 325.00 |
| India - Child Sponsorship | 1,845.00 |
| Orphaned Children in Malawi | 215.00 |
| Malawi famine | 995.12 |
| Malawi Evangelists | 1,700.00 |
| Gift to the poor | 70.00 |
| Food for the Hungry | 1,690.61 |
| SewingMachine | 250.00 |
| Syria | 1,859.36 |
| East Timor Gospel Lit | 1,904.88 |
| Ukraine | 1,037.00 |
| Transfer to Australia for distribution: | 17,602.97 |
We also transferred £2554.62 to EHC Israel for distribution to Jacob Damkani & Trumpet of Salvation ministries. This amount is a combination of £566.00 from 2023 and £1,988.62 carried over from 2021 & 2022 giving.
| Jacob Damkani Ministries / Trumpet of Salvation | |
|---|---|
| Transfer to EHC Israel for distribution: | 2,554.62 |
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TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023
EVERY HOME FOR CHRIST
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 continue to explore ways to cut back on operational costs and increase our funding raising efforts. 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. Another is to update our social media presence / website / prayer videos to aid and support increasing our profile online to support fundraising.
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 2023.
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.
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.
In June 2024 one of our founders and directors of EHC UK Rev E R Leach passed away unexpectedly. He is therefor unable to sign these accounts.
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 (apart from Mr Leach) of the financial statements were:
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EVERY HOME FOR CHRIST
TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023
J D Llewellyn A G Stone Rev E R Leach (Deceased June 2024)
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 2023
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' re ort was approved by the Board of Trustees.
AG Stone Dated: 26 September 2024
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EVERY HOME FOR CHRIST
INDEPENDENT EXAMINER’S REPORT TO TRUSTEES OF EVERY HOME FOR CHRIST
I report to the charity trustees on my examination of the accounts of Every Home for Christ (the charity) for the year ended 31 December 2023.
Responsibilities and basis of report
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (the 2006 Act).
Having satisfied myself that the accounts of the charity are not required to be 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 carried out under section 145 of the Charities Act 2011 (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
I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants of England and Wales.
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:
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1 accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
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2 the accounts do not accord with those records; or
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3 the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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: or
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4 the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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 to enable a proper understanding of the financial statements to be reached.
Leigh Golding ACA; CA(SA)
Dated: 26 September 2024
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EVERY HOME FOR CHRIST
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
| Notes Unrestricted Funds Restricted Funds 2023 2023 Income from: £ £ £ Donations and Legacies 2 80,274 19,615 Investments 3 144 - Total Income 80,418 19,615 Expenditure on: Raising Funds 4 52,394 - Charitable activities 5 - 18,169 Total resources expended 52,394 18,169 Net income/ (expenditure) for the year/Net movement in funds 28,024 1,446 Fund balances at 1 January 2023 (30,893) 21,938 Fund balances at 31 December 2023 (2,869) 23,384 |
Total Unrestricted Funds Restricted Funds Total 2023 2022 2022 2022 £ £ £ £ 99,889 27,577 28,221 55,798 144 15 - 15 100,033 27,592 28,221 55,813 52,394 56,850 - 56,850 18,169 - 25,877 25,877 70,563 56,850 25,877 82,727 29,470 (29,258) 2,344 (26,914) (8,955) (1,635) 19,594 17,959 20,515 (30,893) 21,938 (8,955) |
Total 2022 £ 55,798 15 55,813 |
|---|---|---|
56,850 25,877 82,727 |
||
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 STATEMEKrs FOR THE YEAR ENDED 31 DECEAIBER 2023 Flxed Asmts Tarvdle A$80ts 10 2.413 CunintAsMts Cath at Bank hand 45. Crndltorn f•lllng du• Tmtthln 1 yr 11 126.837) {33,057) Nel wrrgnl assets10> 31.847 12.541 L(g IBmi Il•biliti 12 (20.3 (23.9091 T4)lal as• l•M Il•bllltl•• Iorn• fund• 14 Roltricknd funds 21.938 G•n8rn1 Unrnstrlcted fvnds 12. (30.893) company is to Ihè •xerrw)IAon from ts art11rnrtt (xx)tslnJ kn 8•clu1477 Of1 canpaa$ Act 21Xe, for the yejr •rMled 31 DoClr2021. Th• trusfn•s aCkn•d99 tholr rnspon£i.lil5 for en8urw that th8 chty keeps acoxntrs records whith eomF4y wlth section 388 of Ihe Act aThl for Pfyaring finwwl st8tomnts vthith gwe a tru? fairvivw ofth• State olaffar3 ofthe MpanY asat Ihe end ofth• fnana•l ar8j ofits incomirvJ rescuc83 and aFfI1b"( of resourcos, inchJdiNJ its IrQme and exp. lor the financial Y in f•X(v¢anca vAth the rnquirèmènts ol seclMs 394 and 395 artyl whb¢h othèthiso o)mpty vAth tho r•]uients ol tho Ccrfnparies Act 20CO relating kn finCIal statements, so f¥ as applicthl8 to th• membern have not rgquired Ihe ¢(xnp&)y to oblain an wdt of ils finb2al statnents for th• year in quastiffi In ac¢y)rdonca lion 476. Th8 finamd Slalemwts ha t)o•n li ilh tha PTO¥iSKS to c¢mpanies su14.at0 the small vJmpanies rnqqm•. AGSto Company istrntion No. 01659610
EVERY HOME FOR CHRIST NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
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 2023
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 2023
2. Donations and Legacies
| 3. Investments 4.Raising Funds 5.Charitable Activities Unrestricted Funds Restricted Funds 2023 2023 £ £ Donations and gifts 80,274 19,615 Deposit Account Staff Costs Depreciation and Impairment Support Costs Grant funding of activities (see note 6) Analysis by fund Unrestricted funds Restricted funds For the year ended 31 December 2022 Restricted funds |
Total Unrestricted Funds Restricted Funds 2023 2022 2022 £ £ £ 99,899 27,577 28,221 2023 £ 144 2023 £ 14,500 2,138 35,756 52,394 2023 £ 18,169 - 18,169 18,169 25,877 |
Total 2022 £ 55,798 2022 £ 15 2022 £ 13,306 761 42,783 56,850 2022 £ 25,877 - 25,877 25,877 |
|---|---|---|
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EVERY HOME FOR CHRIST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023
| 6.Grants Payable 7.Independent examiner’s remuneration 8.Trustees Grants to institutions Australia EHC Israel The analysis of independent examiner remuneration is as follows: Fees payable to Golding & Co Accounting Services Limited Examination of annual accounts |
2023 £ 17,603 566 18,169 2023 £ 2,250 |
2022 £ 25,103 774 25,877 2022 £ 2,250 |
|---|---|---|
The charity employs Mrs L Stone on a part time basis to deal with administration matters. Mrs Stone is connected to a trustee of the charity. The remuneration is agreed on commercial terms and the trustee has no input in remuneration discussions. Costs of employing Mrs Stone for the 2023 year amounted to £14,500 (2022- £13,306).
9. Employees
| Employees | ||
|---|---|---|
| Number of employees | ||
| The average monthly number of employees during the year was: | ||
| 2023 | 2022 | |
| Number | Number | |
| 1 | 1 | |
| 2023 | 2022 | |
| Employment Costs | £ | £ |
| Wages and Salaries | 14,272 | 13,125 |
| Social security costs | - | - |
| Other pension costs | 228 | 181 |
| 14,500 | 13,306 |
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 2023
| 10. Tangible Fixed Assets 11. Creditors: amounts falling due within one year 12. Long Term Liabilities Fixtures and Fittings Computer Equipment Cost At 1 January 2023 1,660 11,167 At 31 December 2023 1,660 19,940 Depreciation and Impairment At 1 January 2023 1,389 9,025 Depreciation charged in the year 68 2,070 At 31 December 2023 1,457 11,095 Carrying amount At 31 December 2023 203 8,845 At 31 December 2022 271 2,142 2023 £ Other taxation and social security 670 Other creditors 20,188 Accruals and deferred income 2,250 Bounce Back Loan < 1 Year 3,529 26,637 2023 £ Bounce Back Loan > 1 Year 20,380 |
Total 12,827 |
Total 12,827 |
|---|---|---|
| 21,600 | ||
| 10,414 2,138 12,552 |
||
| 9,048 2,413 2022 £ 157 27,121 2,250 3,529 33,057 2022 £ 23,909 |
9,048 | |
2,413 |
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.
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EVERY HOME FOR CHRIST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023
13. 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 2022 | Resources | Expended | January 2023 | Resources | expended | 2023 | ||
| £ | £ | £ | £ | £ | £ | £ | ||
| Restricted Funds |
19,594 | 28,221 | (25,877) | 21,938 | 19,615 | (18,169) | 23,384 | |
| 4. Analysis of net assets between funds | ||||||||
| Unrestricted | Restricted | Unrestricted | Restricted | |||||
| Funds | Funds | Total | Funds | Funds | Total | |||
| 2023 | 2023 | 2023 | 2022 | 2022 | 2022 | |||
| £ | £ | £ | £ | £ | £ | |||
| Fund Balances at 31 | ||||||||
| December 2023 | are | |||||||
| represented by: | ||||||||
| Tangible Assets | 9,048 | - | 9,048 | 2,413 | - | 2,413 | ||
| Current Assets/(liabilities) | 8,463 | 23,384 | 31,847 | (9,397) | 21,938 | 12,541 | ||
| Long Term Liabilities | (20,380) | - | (20,380) | (23,909) | - | (23,909) | ||
| (2,869) | 23,384 | 20,515 | (30,893) | 21,938 | (8,955) |
14. Analysis of net assets between funds
15. 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 restricted funds balance by £2,942.
16. Related Party Transactions
During the year an amount of £2,900 was paid to The Dreamcatchers Wedding Video Limited for website updates and world prayer map videos. Adrian Stone is a trustee of the charity and a director and shareholder in The Dreamcatchers Wedding Video Limited (2022 - none).
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