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 2024
EVERY HOME FOR CHRIST
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | J D Llewellyn |
|---|---|
| A G Stone | |
| G A Bondar – Appointed 22 July 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 |
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 2024
The trustees present their report and financial statements for the year ended 31 December 2024.
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 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
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 July 2024 the charity made donations of £20,157.59 (from donations received in 2023) to overseas projects (£2,554.62 to EHC Israel and £17,602.97 to EHC Australia) which was distributed to the following projects:
| 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 |
| EHC Evang.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 |
| Feed 5000 | 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 thepoor | 70.00 |
| Food for the Hungry | 1,690.61 |
| SewingMachine | 250.00 |
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EVERY HOME FOR CHRIST
TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024
| Syria | 1,859.36 |
|---|---|
| East Timor Gospel Lit | 1,904.88 |
| Ukraine | 1,037.00 |
| Transfer to Australia for distribution: | 17,602.97 |
And: £2554.62 to EHC Israel
Following donations received in 2024, the charity made donations of £12,143.28 in May 2025, to EHC Australia for distribution to the following overseas projects:
r distribution to the following overseas projects: |
|
|---|---|
| Africa,Poor togrow food | 50.00 |
| Africa Prison Ministry | 5.00 |
| EHC Africa Water Wells & Pumps | 784.00 |
| Africa Food SecurityProgramme | 375.00 |
| CommunityToilet Scheme | 250.00 |
| Evangelist Support - Asia | 500.00 |
| Bangladesh(Child/voc) | 55.00 |
| EHC Evang.Bangla | 358.47 |
| EHC: Bangla/rickshaw | 200.00 |
| Bangladesh Child Sponsor | 1,158.00 |
| Bangladesh Child Gift | 25.00 |
| Bibles | 5.00 |
| Christmasgift childre | 80.00 |
| Mosquito Nets,Africa | 40.00 |
| Gospel Literature | 75.00 |
| Evangelists in India | 190.00 |
| India - Child Sponsorship | 1,480.00 |
| Orphaned Children in Malawi | 645.00 |
| Malawi famine | 85.00 |
| Malawi Evangelists | 930.00 |
| Papua,New Guinea | 355.00 |
| Gift to thepoor | 97.31 |
| Food for the Hungry | 813.07 |
| EHC: Sri Lanka | 25.00 |
| EHC: Samoa | 115.00 |
| SewingMachine | 150.00 |
| East Timor Gospel Lit | 1,903.18 |
| Ukraine | 100.00 |
And: £1,294.25 to EHC Israel
2
EVERY HOME FOR CHRIST
TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024
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 ongoing financial difficulties imposed by the long term affects of Coronavirus and the rising cost of living crisis.
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. We continue to share our newsletter bimonthly to compensate for the rising costs, in particular those of 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 2024.
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
A number of projects are in the works for the next financial year (2025) including an international visit, by EHC Director Greg Bondar (appointed in July 2024 following the sudden passing of EHC Director Eric Leach).
Together with EHC Australia, EHC UK will be looking at initiatives to increase our presence in the United Kingdom and ways to increase financial support from our donor base.
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:
Greg Bondar J D Llewellyn A G Stone
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EVERY HOME FOR CHRIST
TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 DECEMBER 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
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
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EVERY HOME FOR CHRIST TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 extwn8lly cf intemally. Brleftng at Boanl M•¢tlng• If demand is reqr1. EHCUK will arfarwje for a to take pl as irt a Board meeliThJ. Budg•t for Tralnlng EHCUK wlll pay raaxfflablo Board Tra aThJ Expwwas. Ory•nl•atlonal •tntctur• Th8 charity has its 8oard of Trte•S and ono part timo offith wnpby8•. Wld•r n01•rt[ EHCUK works In partnersNp wlth (rther EHC ¢Jffice8 wourvj th8 vA)rfd aThJ rePts acaiwtl8S to the 1n18mat18I Office based in Cok)r, USA. No finv£ial SUPFQrt for the UK18 dwived from tho Inlwnatky)ol office. EHG wortdwld8 has an Intern*'onal Pre$id¢nt arKI Rowonal DirKtors. R•lat•d partl•• The ¢h8rfty employed Plr8. L. Stone, a p•1 tlme ba5 to dèal wlth •Jmlnlstratlcn mattern. Rl•lt manag•m•nt The Iru8t888 have a duty to Identy arKI rev1 the rt$Ks to whith the chwtty 18 exwsed and to enbw• appropraate controls arn li plac8 to provNJe roasonabl• agaw)st arKI error. Th& Irust8es' rep)rt was appro¥e(I by the Board of Truste8S. A G Ston8 Dated". 19 September 2025
EVERY HOME FOR CHRIST INDEPENDENT EXAMINER'S REPORT TO TRUSTEES OF EVERY HOME FOR CHRIST I report lo the eh8rty trustees on my examination of the accoL¢nls of Every Home for Christ Ilhe chartyl for the year ended 31 December 2024. Rosponsibilities and basis of report As the Iruslees ()f the charity land also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the Tequiremenls of the Companies Act 200S Ilhe 2006 Acti Having satislied myself that the accounts of the charity a r1 required to be audited under Part 16 of the 2006 Ael and are eligible for independent examination. I report in respect of my examination of the charity's accounts as carried out under seelion 145 of the Charit$ Act 2011 Ilhe 2011 Acll. In carrying out my oxamination I have followed all the appluble Directions given by the Charity Commission under seCtn 1451511bl of the 2011 Acl. Ind8p•nd•nt 9xamlnerf$ statement l confirm that l am qualified to undertake th8 examination because l am a mmber of the Inslrtule of Chartered Accountants of England and Wal¢$. I have completed my examination. I confirm that no matters have com8 lo my attention in connection wrth the examinallon glvlng me cause to believe thal in any malorial r8spect' accounting records were not k8pI in respect of the charty as required by section 386 of the 2006 Act., or the accounts do not accord wi(h those r¢¢ofd$'. c* the account5 do not comply with the accounting reqU1ments of $¢¢tion 396 of the 2006 Act other than any requirement that the accounts gwe a true and fair view whth is not a matter considered as part of an independent examination". or the 4ecounls have not been prepared in accorda6 wrth the methods and principles of the Statement of Recommended Practice for accounting and reporting by chanlies applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have corne across no other matters in cnectIon with the examination to which 8llenlion should drawn in this report lo enable a proper understanding of the financial slalemenls lo be reached. Leigh Goldin ACA,. CAISAI Dated.. 19 September 2025
EVERY HOME FOR CHRIST
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
| Notes Unrestricted Funds Restricted Funds Total Unrestricted Funds Restricted Funds 2024 2024 2024 2023 2023 Income from: £ £ £ £ £ £ Donations and Legacies 2 34,973 12,743 47,716 80,274 19,615 Investments 3 161 - 161 144 - Total Income 35,134 12,743 47,877 80,418 19,615 Expenditure on: Raising Funds 4 55,736 - 55,736 52,394 - Charitable activities 5 - 13,437 13,437 - 20,158 Total resources expended 55,736 13,437 69,173 52,394 20,158 Net income/ (expenditure) for the year/Net movement in funds (20,602) (694) (21,296) 28,024 (543) Fund balances at 1 January 2024 (2,869) 23,414 20,545 (30,893) 23,957 Fund balances at 31 December 2024 (23,471) 22,720 (751) (2,869) 23,414 |
Total 2023 £ 99,889 144 100,033 |
Total 2023 £ 99,889 144 100,033 |
|---|---|---|
52,394 20,158 72,552 |
||
| 27,481 (6,936) 20,545 |
||
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 BALANCE SHEET
AS AT 31 DECEMBER 2024
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| Fixed Assets | |||||
| Tangible Assets | 10 | 9,391 | 9,048 | ||
| Current Assets | |||||
| Cash at Bank and in hand | 26,448 | 58,484 | |||
| Creditors falling due within 1 yr | 11 | (20,208) | (26,607) | ||
| Net current assets/(liabilities) | 6,240 | 31,877 | |||
| Long term liabilities | 12 | (16,382) | (20,380) | ||
| Total assets less liabilities | � | � | |||
| Income funds | |||||
| Restricted funds | 13 | 22,720 | 23,414 | ||
| General Unrestricted funds | (23,471) | (2,869) | |||
| � | � |
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 2024.
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 19 September 2025
AG Stone Trustee Company registration No. 01659610
8
EVERY HOME FOR CHRIST NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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. Every Home for Christ Australia (Every Home Global Concern Ltd) continues to support EHC UK financially and with resources and undertakes to underwrite and financial shortfall in the operations of EHC UK.
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 2024
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 2024
2. Donations and Legacies
| 3. Investments 4.Raising Funds 5.Charitable Activities Unrestricted Funds Restricted Funds 2024 2024 £ £ Donations and gifts 34,973 12,743 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 2023 Restricted funds |
Total Unrestricted Funds Restricted Funds 2024 2023 2023 £ £ £ 47,716 80,274 19,615 2024 £ 161 2024 £ 18,570 4,707 32,459 55,736 2024 £ 13,437 - 13,437 13,437 20,158 |
Total 2023 £ 99,899 2023 £ 144 2023 £ 14,500 2,136 35,756 52,394 2022 £ 20,158 - 20,158 20,158 |
|---|---|---|
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EVERY HOME FOR CHRIST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
| 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 |
2024 £ 12,143 1,294 13,437 2024 £ 2,250 |
2023 £ 17,603 2,555 20,158 2023 £ 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 2024 year amounted to £18,570 (2023 - £14,500).
9. Employees
Number of employees
The average monthly number of employees during the year was:
| 2024 | 2023 | |
|---|---|---|
| Number | Number | |
| 1 | 1 | |
| 2023 | 2023 | |
| Employment Costs | £ | £ |
| Wages and Salaries | 18,211 | 14,272 |
| Social security costs | - | - |
| Other pension costs | 359 | 228 |
| 18,570 | 14,500 |
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 2024
| 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 2024 1,660 19,940 At 31 December 2024 1,660 24,990 Depreciation and Impairment At 1 January 2024 1,457 11,095 Depreciation charged in the year 103 4,604 At 31 December 2024 1,560 15,699 Carrying amount At 31 December 2024 100 9,290 At 31 December 2023 203 8,845 2024 £ Other taxation and social security 523 Other creditors 13,437 Accruals and deferred income 2,250 Bounce Back Loan < 1 Year 3,998 20,208 2024 £ Bounce Back Loan > 1 Year 16,382 |
Total 21,600 26,650 12,552 4,707 17,259 9,391 9,048 2023 £ 670 20,158 2,250 3,529 26,607 2023 £ 20,380 |
|---|---|
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 2024
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 2023 | Resources | Expended | January 2024 | Resources | expended | 2024 | ||
| £ | £ | £ | £ | £ | £ | £ | ||
| Restricted Funds |
23,957 | 19,615 | (20,158) | 23,414 | 12,743 | (13,437) | 22,720 | |
| 4. Analysis of net assets between funds | ||||||||
| Unrestricted | Restricted | Unrestricted | Restricted | |||||
| Funds | Funds | Total | Funds | Funds | Total | |||
| 2024 | 2024 | 2024 | 2023 | 2023 | 2023 | |||
| £ | £ | £ | £ | £ | £ | |||
| Fund Balances at 31 | ||||||||
| December 2023 | are | |||||||
| represented by: | ||||||||
| Tangible Assets | 9,391 | - | 9,391 | 9,048 | - | 9,048 | ||
| Current Assets/(liabilities) | (16,480) | 22,720 | 28,960 | 8,463 | 23,414 | 31,877 | ||
| Long Term Liabilities | (16,382) | - | (16,382) | (20,380) | - | (20,380) | ||
| (23,471) | 22,720 | (751) | (2,869) | 23,414 | 20,545 |
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 £2,555.
16. Related Party Transactions
There were no related party transactions during the year (2023 - £2,900)
14