REGISTERED CHARITY NUMBER: 288622
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
FOR
WLODOWA CHARITY AND REHABILITATION TRUST
Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
WLODOWA CHARITY AND REHABILITATION TRUST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
| Page | |
|---|---|
| Reference and Administrative Details | 1 |
| Report of the Trustees | 2 to 3 |
| Report of the Independent Auditors | 4 to 6 |
| Statement of Financial Activities | 7 |
| Statement of Financial Position | 8 |
| Statement of Cash Flows | 9 |
| Notes to the Statement of Cash Flows | 10 |
| Notes to the Financial Statements | 11 to 18 |
WLODOWA CHARITY AND REHABILITATION TRUST
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2023
TRUSTEES S Rothstein D Birnbaum J Goldstein PRINCIPAL ADDRESS 35 Ashtead Road London London E5 9BJ REGISTERED CHARITY 288622 NUMBER AUDITORS Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL BANKERS Lloyds TSB 180 - 182 High Street Walthamstow London E17 7JH
Page 1
WLODOWA CHARITY AND REHABILITATION TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023
The trustees 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
Objectives and aims
The Wlodowa Charity & Rehabilitation Trust is constituted by Trust Deed, and its objects are to provide general charitable donations and in particular for the relief of poverty and the advancement of religion and religious education.
The policy of Wlodowa Charity & Rehabilitation Trust continues to be to derive its income from donations from various institutions and individuals and to make donations in accordance with the Trust's objects.
Public benefit
The trustees have taken due heed of their obligations relating to Public Benefit Duty affecting charities, as well as to their obligations under the Equalities Act 2010. The trustees are satisfied that they meet their obligations in this respect.
Grantmaking
Grants are made at the discretion of the trustees and in accordance with the principal objectives of the charity.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
During the year donations received totalled £6,622,495 This included £1,450,858 in restricted funds. This was higher than the previous year when donations received amounted to £6,337,806.
Donations made totalled £6,608,374 (2022 - £6,279,108) These funds were expended on grants for food, clothing and festivals, holidays and communal meals and the relief of poverty and sundry student grants. In addition the charity conducted appeals for needy cases and religious organisations who applied for funds for specific purposes. The trustees report that they were able to distribute funds under the following: categories:
Medical grants - £282,400 Wedding expenses - £260,550 Religious organisations - £784,353.
FINANCIAL REVIEW
Key Performance Indicators
The trustees monitor the entities performance against its charitable objectives on a regular basis. Performance is assessed against the objectives and expectations using financial and non-financial indicators. The key financial performance indicators used by the charity are income from charitable activities, expenditure on charitable activities and net income.
Reserves policy
The reserves policy is to ensure that there is a sufficient stream of income to meet the ongoing calls made on the charity including the possibility of providing capital assets for the needs of charitable institutions.
Going concern
The trustees have a reasonable expectation that the charity has adequate resources to continue operational existence for the foreseeable future. For this reason, the charity has adopted the going concern basis of accounting in preparing the annual financial statements.
FUTURE PLANS
The charity intends to carry on its policy of making grants in pursuant of its objects, and continue its activities, as outlined above, for the foreseeable future.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document a declaration of trust and constitutes an unincorporated charity.
Page 2
WLODOWA CHARITY AND REHABILITATION TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
Recruitment and appointment of new trustees
It is not currently the intention of the trustees of the charity to appoint new trustees. Should this situation change in the future, the trustees will apply suitable recruitment and training procedures.
Organisational structure
There are three trustees as stated. They meet on a regular basis to discuss the affairs of the charity. All decisions are based on a majority decision of the trustees but in almost all cases the votes are unanimous.
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.
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charity SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the board of trustees on 24 September 2024 and signed on its behalf by:
.......................................................................... J Goldstein - Trustee
Page 3
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF WLODOWA CHARITY AND REHABILITATION TRUST
Opinion
We have audited the financial statements of WLODOWA CHARITY AND REHABILITATION TRUST (the 'charity') for the year ended 31 December 2023 which comprise the Statement of Financial Activities, the Statement of Financial Position, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
-
In our opinion the financial statements:
-
give a true and fair view of the state of the charity's affairs as at 31 December 2023 and of its incoming resources and application of resources, for the year then ended;
-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'; and
-
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:
-
the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or
-
sufficient accounting records have not been kept; or
-
the financial statements are not in agreement with the accounting records and returns; or
-
we have not received all the information and explanations we require for our audit.
Page 4
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF WLODOWA CHARITY AND REHABILITATION TRUST
Responsibilities of trustees
As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
Our responsibilities for the audit of the financial statements
We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
-
We obtained an understanding of the legal and regulatory frameworks that are applicable to the charity through discussion with the trustees and identified financial reporting legislation and charity legislation as being most significant to these financial statements. These included but were not limited to FRS 102, Charities Act 2011 and Companies Act 2006 as they affect the direct charitable activities of the charity.
-
We communicated these identified frameworks amongst our audit team and remained alert to any indications of non-compliance throughout the audit. We ensured that the engagement team had sufficient competence and capability to identify or recognise non-compliance with laws and regulations.
-
We discussed with the trustees the policies and procedures regarding compliance with these legal and regulatory frameworks.
-
We assessed the susceptibility of the charity's financial statements to material misstatement due to non-compliance with legal and regulatory frameworks, including how fraud might occur, by enquiry with the trustees during the planning and finalisation stages of our audit. Specific areas identified were the completeness of income and going concern.
-
Based on this understanding, we designed our audit procedures to identify non-compliance with the identified legal and regulatory frameworks, which were part of our procedures on the related financial statement items. We performed appropriate audit testing on the recognition and completeness of income and management’s assessment of going concern.
Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
Page 5
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF WLODOWA CHARITY AND REHABILITATION TRUST
Use of our report
This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.
M A Venitt (Senior Statutory Auditor)
For and on behalf of Venitt and Greaves, Statutory Auditor
Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
24 September 2024
The notes form part of these financial statements
Page 7
WLODOWA CHARITY AND REHABILITATION TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 3 EXPENDITURE ON Raising funds Raising donations and legacies 4 Charitable activities 5 Grants for food,clothing and festivals Holidays and communal meals Relief of poverty & sundry students grants Medical grants Wedding expenses Religious organisations Other 8 Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted funds £ 5,171,637 2,315 2,315 3,204,850 149,955 1,802,711 - - - 22,997 5,182,828 (11,191) 60,476 49,285 |
Restricted fund £ 1,450,858 - - 123,555 - - 282,400 260,550 784,353 - 1,450,858 - - - |
31.12.23 Total funds £ 6,622,495 2,315 2,315 3,328,405 149,955 1,802,711 282,400 260,550 784,353 22,997 6,633,686 (11,191) 60,476 49,285 |
31.12.22 Total funds £ 6,337,806 |
|---|---|---|---|---|
| 2,471 | ||||
| 2,471 2,260,000 117,990 2,222,899 134,680 564,429 979,110 15,128 |
||||
| 6,296,707 | ||||
| 41,099 19,377 |
||||
| 60,476 |
The notes form part of these financial statements
Page 7
WLODOWA CHARITY AND REHABILITATION TRUST
STATEMENT OF FINANCIAL POSITION 31 DECEMBER 2023
| 31.12.23 | 31.12.22 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | fund | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| CURRENT ASSETS | |||||
| Cash at bank | 55,285 | - | 55,285 | 66,176 | |
| CREDITORS | |||||
| Amounts falling due within one year | 12 | (6,000) | - | (6,000) | (5,700) |
| NET CURRENT ASSETS | 49,285 | - | 49,285 | 60,476 | |
| TOTAL ASSETS LESS CURRENT | |||||
| LIABILITIES | 49,285 | - | 49,285 | 60,476 | |
| NET ASSETS | 49,285 | - | 49,285 | 60,476 | |
| FUNDS | 13 | ||||
| Unrestricted funds | 49,285 | 60,476 | |||
| TOTAL FUNDS | 49,285 | 60,476 |
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. D Birnbaum - Trustee
............................................. J Goldstein - Trustee
The notes form part of these financial statements
Page 8
WLODOWA CHARITY AND REHABILITATION TRUST
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023
| 31.12.23 | 31.12.22 | ||
|---|---|---|---|
| Notes | £ | £ | |
| Cash flows from operating activities | |||
| Cash generated from operations | 1 | (10,891) | 41,399 |
| Net cash (used in)/provided by operating activities | (10,891) | 41,399 | |
| Change in cash and cash equivalents in the | |||
| reporting period | (10,891) | 41,399 | |
| Cash and cash equivalents at the beginning | |||
| of the reporting period | 66,176 | 24,777 | |
| Cash and cash equivalents at the end of the | |||
| reporting period | 55,285 | 66,176 |
The notes form part of these financial statements
Page 9
WLODOWA CHARITY AND REHABILITATION TRUST
NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023
1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
| ACTIVITIES | ||
|---|---|---|
| 31.12.23 | 31.12.22 | |
| £ | £ | |
| Net (expenditure)/income for the reporting period (as per the Statement | ||
| of Financial Activities) | (11,191) | 41,099 |
| Adjustments for: | ||
| Increase in creditors | 300 | 300 |
| Net cash (used in)/provided by operations | (10,891) | 41,399 |
2. ANALYSIS OF CHANGES IN NET FUNDS
| At 1.1.23 | Cash flow | At 31.12.23 | |
|---|---|---|---|
| £ | £ | £ | |
| Net cash | |||
| Cash at bank | 66,176 | (10,891) | 55,285 |
| 66,176 | (10,891) | 55,285 | |
| Total | 66,176 | (10,891) | 55,285 |
The notes form part of these financial statements
Page 10
WLODOWA CHARITY AND REHABILITATION TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Governance costs
Governance costs are associated with the governance arrangements of the charity and relate to the general running of the charity. These costs include audit, legal advice for Trustees and costs associated with meeting constitutional and statutory requirements such as the cost of Trustee meetings and the preparation of the statutory accounts.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Cash and cash equivalents
Cash and cash equivalents include cash in hand and deposits held at call with banks.
continued...
Page 11
WLODOWA CHARITY AND REHABILITATION TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
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. DONATIONS AND LEGACIES
| 3. DONATIONS AND LEGACIES |
|||
|---|---|---|---|
| Donations 4. RAISING DONATIONS AND LEGACIES Postage and stationery Sundries Travelling |
31.12.23 £ 6,622,495 31.12.23 £ 100 293 1,922 2,315 |
31.12.22 £ 6,337,806 |
|
| 31.12.22 £ 84 - 2,387 2,471 |
|||
| 2,471 |
continued...
Page 12
WLODOWA CHARITY AND REHABILITATION TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
5. CHARITABLE ACTIVITIES COSTS
Grant funding of activities (see note 6) £ Grants for food,clothing and festivals 3,328,405 Holidays and communal meals 149,955 Relief of poverty & sundry students grants 1,802,711 Medical grants 282,400 Wedding expenses 260,550 Religious organisations 784,353 6,608,374
continued...
Page 13
WLODOWA CHARITY AND REHABILITATION TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
6. GRANTS PAYABLE
| 31.12.23 | 31.12.22 |
|---|---|
| £ | £ |
| 3,328,405 | 2,260,000 |
| 149,955 | 117,990 |
| 1,802,711 | 2,222,899 |
| 282,400 | 134,680 |
| 260,550 | 564,429 |
| 784,353 | 979,110 |
| 6,608,374 | 6,279,108 |
| 31.12.23 £ |
31.12.22 £ |
31.12.22 £ |
|||
|---|---|---|---|---|---|
| Grants for food,clothing and festivals Holidays and communal meals Relief of poverty & sundry students grants Medical grants Wedding expenses Religious organisations 7. SUPPORT COSTS Other resources expended 8. OTHER Support costs |
Finance £ 16,997 |
3,328,405 149,955 1,802,711 282,400 260,550 784,353 6,608,374 |
2,260,000 117,990 2,222,899 134,680 564,429 979,110 |
||
| 6,279,108 | |||||
| Governance costs £ 6,000 31.12.23 £ 22,997 |
Totals £ 22,997 31.12.22 £ 15,128 |
Totals £ 22,997 |
continued...
Page 14
WLODOWA CHARITY AND REHABILITATION TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
9. AUDITORS' REMUNERATION
| AUDITORS' REMUNERATION | ||
|---|---|---|
| 31.12.23 | 31.12.22 | |
| £ | £ | |
| Fees payable to the charity's auditors for the audit of the charity's financial | ||
| statements | 6,000 | 5,700 |
10. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.
| 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 4,659,587 EXPENDITURE ON Raising funds Raising donations and legacies 2,471 2,471 Charitable activities Grants for food,clothing and festivals 2,260,000 Holidays and communal meals 117,990 Relief of poverty & sundry students grants 2,222,899 Medical grants - Wedding expenses - Religious organisations - Other 15,128 |
Restricted fund £ 1,678,219 - - - - - 134,680 564,429 979,110 - |
Total funds £ 6,337,806 |
|---|---|---|
| 2,471 | ||
| 2,471 2,260,000 117,990 2,222,899 134,680 564,429 979,110 15,128 |
Page 15
continued...
WLODOWA CHARITY AND REHABILITATION TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
| 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - Unrestricted funds £ Total 4,618,488 NET INCOME 41,099 RECONCILIATION OF FUNDS Total funds brought forward 19,377 TOTAL FUNDS CARRIED FORWARD 60,476 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 13. MOVEMENT IN FUNDS At 1.1.23 £ Unrestricted funds General fund 60,476 TOTAL FUNDS 60,476 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 5,171,637 Restricted funds Donation for Medical grants, Wedding expenses & Religious organisations 1,450,858 TOTAL FUNDS 6,622,495 |
continued Restricted fund £ 1,678,219 - - - 31.12.23 £ 6,000 Net movement in funds £ (11,191) (11,191) Resources expended £ (5,182,828) (1,450,858) (6,633,686) |
Total funds £ |
|
|---|---|---|---|
| 6,296,707 | |||
| 41,099 19,377 |
|||
| 60,476 | |||
| 31.12.22 £ 5,700 At 31.12.23 £ 49,285 49,285 Movement in funds £ (11,191) - (11,191) |
|||
Page 16
continued...
WLODOWA CHARITY AND REHABILITATION TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
13. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.1.22 £ Unrestricted funds General fund 19,377 TOTAL FUNDS 19,377 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 4,659,587 Restricted funds Donation for Medical grants, Wedding expenses & Religious organisations 1,678,219 TOTAL FUNDS 6,337,806 A current year 12 months and prior year 12 months combined position is as follows: At 1.1.22 £ Unrestricted funds General fund 19,377 TOTAL FUNDS 19,377 |
Net movement in funds £ 41,099 41,099 Resources expended £ (4,618,488) (1,678,219) (6,296,707) Net movement in funds £ 29,908 29,908 |
At 31.12.22 £ 60,476 60,476 Movement in funds £ 41,099 - 41,099 At 31.12.23 £ 49,285 49,285 |
|---|---|---|
continued...
Page 17
WLODOWA CHARITY AND REHABILITATION TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
13. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Donation for Medical grants, Wedding expenses & Religious organisations TOTAL FUNDS |
Incoming resources £ 9,831,224 3,129,077 12,960,301 |
Resources expended £ (9,801,316) (3,129,077) (12,930,393) |
Movement in funds £ 29,908 - 29,908 |
|---|---|---|---|
14. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2022.
Page 18