REGISTERED CHARITY NUMBER: 293090
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
FOR
SEAFORD COMMUNITY CHURCH
Gibbons Mannington & Phipps LLP Chartered Accountants Landgate Chambers 24 Landgate Rye East Sussex TN31 7LJ
SEAFORD COMMUNITY CHURCH
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
| Page | Page | Page | |
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Report of the Trustees | 2 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 14 |
SEAFORD COMMUNITY CHURCH
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2023
| TRUSTEES | Mr H W Bardsley Chair |
|---|---|
| Mr J Hammond Trustee (resigned 2/12/2023) | |
| Mr A Westwood Trustee (resigned 28/6/2023) | |
| Mr M Woodgate (appointed 28/6/2023) | |
| Mr S Bradford (appointed 28/6/2023) | |
| PRINCIPAL ADDRESS | 115-117 Vale Road |
| Seaford | |
| East Sussex | |
| BN25 3HB | |
| REGISTERED CHARITY | 293090 |
| NUMBER | |
| INDEPENDENT EXAMINER | Gibbons Mannington & Phipps LLP |
| Chartered Accountants | |
| Landgate Chambers | |
| 24 Landgate | |
| Rye | |
| East Sussex | |
| TN31 7LJ | |
| BANKERS | NatWest Bank |
| 4 Clinton Place | |
| Seaford | |
| East Sussex | |
| BN25 1NN |
Page 1
SEAFORD COMMUNITY CHURCH
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 object is to recruit others to the purposes and goals of the Church namely to become an active member of the Church who carries out the ministry of Jesus Christ particularly the recruiting and training of others as His disciples in introducing them to Him in person and training them in the values of the Church with a view to the ongoing multiplication of His followers.
Public benefit
The Trustees confirm that they have due regard for the Charities Commission's general guidance on public benefit.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Resources were directed into the advancement of the Christian faith both in the United Kingdom and overseas and gifts were made to both individuals and institutions for this purpose. A significant investment was made in the area of Christian training for the purpose of achieving the objective of the charity.
In 2023 the trust continued in its ongoing vision and mission to be a functioning body of Christians who release the love of God in the power and demonstration of the Holy Spirit through the spiritual gifts appointed to each one. Equipping and training each person to know for themselves their identity as God's child and out of that security serve according to their own measure of grace and faith continued. Walking in day to day life with the Holy Spirit continued to grow and we continued to take the message of the Father's love and our identity, purpose and calling as God's children to our own county of Sussex especially Hastings and Horsham and into the Ukraine through online training, fellowship and financial support.
Seahaven Storehouse, our community food bank, has continued to provide over £76,000 of food supplies as expressions of the Father's love to local families with continued increased demand for its services. This has only been possible through the generosity of members of the public and local voluntary groups who have given their money, time and energy to serve their community.
FINANCIAL REVIEW
Financial position
Full details of the results are shown in the financial statements that accompany this report.
We are pleased to report the church members have continued to give generously and enable the trust to meets its ministry commitments.
Funds available are sufficient to permit the Church to continue in operation in the medium term. The Trustees are satisfied that the charity is able to meet it's liabilities as they fall due.
Investment policy and objectives
The Trust Deed authorises the trustees to make and hold investments using general funds of the Charity, but no such investments are presently held.
Reserves policy
The policy of the Church is to maintain sufficient reserves which, in the opinion of the trustees allows them to cover management and administration costs and plan for the following years giving. At the year end the general reserve funds were £58,978.
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SEAFORD COMMUNITY CHURCH
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023
FUTURE PLANS
As we look to the future our mission continues to be to take God's presence, love and power to our local community, our region and our nation and out to the nations through equipping and releasing men and women into their God given identity purpose and calling.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Church is governed by a Declaration of Trust dated 20 September 1985 (and Deed of Variation dated 20 March 1995) to promote the advancement of the Christian Faith either in the United Kingdom or overseas.
Recruitment and appointment of new trustees
The trustees named on the information page have served during the year. Appointment of the trustees is governed by the Trust Deed of the Charity. The Board of trustees is authorised to appoint new trustees to fill vacancies arising through resignation or death of an existing trustee.
Risk management
The trustees have examined the operational risks which the Charity faces and are satisfied that the systems currently in place are sufficient to enable such risks to be minimised.
Approved by order of the board of trustees on 27 September 2024 and signed on its behalf by:
Mr H W Bardsley - Trustee
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SEAFORD COMMUNITY CHURCH
Independent examiner's report to the trustees of Seaford Community Church
I report to the charity trustees on my examination of the accounts of Seaford Community Church (the Trust) for the year ended 31 December 2023.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mr J Greenslade FCCA
Gibbons Mannington & Phipps LLP Chartered Accountants Landgate Chambers 24 Landgate Rye East Sussex TN31 7LJ
7 October 2024
Page 4
SEAFORD COMMUNITY CHURCH
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 75,074 Investment income 3 266 Total 75,340 EXPENDITURE ON Charitable activities Worship and Training 8,521 Ministry and Mission 43,146 Seahaven Storehouse - Giving 53,547 Administrative Support - Total 105,214 NET INCOME/(EXPENDITURE) (29,874) Transfers between funds 11 5,205 Net movement in funds (24,669) RECONCILIATION OF FUNDS Total funds brought forward 83,647 TOTAL FUNDS CARRIED FORWARD 58,978 |
Restricted funds £ 89,882 - 89,882 1,910 - 78,003 - - 79,913 9,969 (5,205) 4,764 123,028 127,792 |
2023 Total funds £ 164,956 266 165,222 10,431 43,146 78,003 53,547 - 185,127 (19,905) - (19,905) 206,675 186,770 |
2022 Total funds £ 132,711 41 132,752 24,114 39,141 57,733 42,171 - 163,159 (30,407) - (30,407) 237,082 206,675 |
|---|---|---|---|
The notes form part of these financial statements
Page 5
SEAFORD COMMUNITY CHURCH
BALANCE SHEET 31 DECEMBER 2023
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible assets | 8 | 26,789 | 89,643 | 116,432 | 116,667 |
| CURRENT ASSETS | |||||
| Debtors | 9 | 4,515 | - | 4,515 | 4,187 |
| Cash at bank | 29,774 | 38,149 | 67,923 | 88,170 | |
| 34,289 | 38,149 | 72,438 | 92,357 | ||
| CREDITORS | |||||
| Amounts falling due within one year | 10 | (2,100) | - | (2,100) | (2,349) |
| NET CURRENT ASSETS | 32,189 | 38,149 | 70,338 | 90,008 | |
| TOTAL ASSETS LESS CURRENT | |||||
| LIABILITIES | 58,978 | 127,792 | 186,770 | 206,675 | |
| NET ASSETS | 58,978 | 127,792 | 186,770 | 206,675 | |
| FUNDS | 11 | ||||
| Unrestricted funds | 58,978 | 83,647 | |||
| Restricted funds | 127,792 | 123,028 | |||
| TOTAL FUNDS | 186,770 | 206,675 |
The financial statements were approved by the Board of Trustees and authorised for issue on 27 September 2024 and were signed on its behalf by:
Mr H W Bardsley - Trustee
The notes form part of these financial statements
Page 6
SEAFORD COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
1. STATUTORY INFORMATION
Seaford Community Church is an unincorporated charity, registered in England & Wales. The charity's registered number and registered office address can be found in the Report of the Trustees.
2. 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.
Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when receivable. The value of services provided by volunteers has not been included. No permanent endowments have been received in the period.
Income from investments is included in the year in which it is receivable.
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.Direct charitable expenditure are those costs incurred directly on the furtherance and support of the objects of the charity.
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.
TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost Musical Equipment - 20% on reducing balance Fixtures and fittings - 20% on reducing balance Computer equipment - 20% on reducing balance
TAXATION
The charity is exempt from tax on its charitable activities.
FUND ACCOUNTING
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
continued...
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SEAFORD COMMUNITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
2. ACCOUNTING POLICIES - continued
FUND ACCOUNTING
Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income and gains are allocated to the appropriate fund.
DONATED GOODS
In order to achieve our mission the members of the church are helped and encouraged to volunteer their time, money, giftings and skills according to each person’s unique abilities and circumstances. All aspects of church life and ministry both internal and to the community at large are only achievable because of this voluntary serving.
The food bank is run by volunteers from the church alongside members of the public who give their time up to help. Donations of money and food come from the community and members of the church.
Ministry Schools are run with the help of team members who often serve at their own expense giving their time and meeting their own financial costs.
It is not possible to quantify the amounts of donated goods and services and therefore these have not been included in the accounts.
3. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Bank interest | 266 | 41 |
4. 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
Two trustees received payments for ministerial services performed for the Church. These payments totalled £35,000 in the year to 31 December 2023.
The above expenses relate to services to the Church other than that of being trustees. No expenses have been reimbursed to trustees in relation to expenses incurred as trustees.
continued...
Page 8
SEAFORD COMMUNITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
6.
| 2023 | 2022 | ||
|---|---|---|---|
| Support and administration | - | 2 | |
| No employees received emoluments in excess of £60,000. | |||
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL | ACTIVITIES | ||
| Unrestricted | Restricted | Total | |
| funds | funds | funds | |
| £ | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 67,160 | 65,551 | 132,711 |
| Investment income | 41 | - | 41 |
| Total | 67,201 | 65,551 | 132,752 |
| EXPENDITURE ON | |||
| Charitable activities | |||
| Worship and Training | 20,155 | 3,959 | 24,114 |
| Ministry and Mission | 39,141 | - | 39,141 |
| Seahaven Storehouse | - | 57,733 | 57,733 |
| Giving | 37,247 | 4,924 | 42,171 |
| Administrative Support | - | - | - |
| Total | 96,543 | 66,616 | 163,159 |
| NET INCOME/(EXPENDITURE) | (29,342) | (1,065) | (30,407) |
| Transfers between funds | 3,218 | (3,218) | - |
| Net movement in funds | (26,124) | (4,283) | (30,407) |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 109,771 | 127,311 | 237,082 |
| TOTAL FUNDS CARRIED FORWARD | 83,647 | 123,028 | 206,675 |
7. INDEPENDENT EXAMINER FEES
The Independent Examiner's remuneration represents the fee for the preparation and examination of the accounts of £2,820 (2022: £2,100).
continued...
Page 9
SEAFORD COMMUNITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
8. TANGIBLE FIXED ASSETS
| Fixtures | |||||
|---|---|---|---|---|---|
| Freehold | Musical | and | Computer | ||
| property | Equipment | fittings | equipment | Totals | |
| £ | £ | £ | £ | £ | |
| COST | |||||
| At 1 January 2023 | 206,948 | 6,313 | 52,292 | 9,430 | 274,983 |
| Additions | - | - | 6,760 | - | 6,760 |
| Disposals | - | - | (2,569) | - | (2,569) |
| At 31 December 2023 | 206,948 | 6,313 | 56,483 | 9,430 | 279,174 |
| DEPRECIATION | |||||
| At 1 January 2023 | 97,409 | 6,289 | 45,600 | 9,018 | 158,316 |
| Charge for year | 4,139 | 5 | 2,671 | 82 | 6,897 |
| Eliminated on disposal | - | - | (2,471) | - | (2,471) |
| At 31 December 2023 | 101,548 | 6,294 | 45,800 | 9,100 | 162,742 |
| NET BOOK VALUE | |||||
| At 31 December 2023 | 105,400 | 19 | 10,683 | 330 | 116,432 |
| At 31 December 2022 | 109,539 | 24 | 6,692 | 412 | 116,667 |
It is not considered practical for a valuation of the freehold property to be obtained. The trustees consider that market value would not be lower than the net book value as shown above.
| 9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Tax 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Taxation and social security Other creditors |
2023 £ 4,515 2023 £ - 2,100 2,100 |
2022 £ 4,187 |
|---|---|---|
| 2022 £ 372 1,977 |
||
| 2,349 |
continued...
Page 10
SEAFORD COMMUNITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
11. MOVEMENT IN FUNDS
| Net movement At 1/1/23 in funds £ £ Unrestricted funds General fund 45,857 3,929 Giving Fund 6,024 1,583 Ministry Fund 2,204 - IPC Destiny 28,708 (40,045) IPC Donations 854 4,659 83,647 (29,874) Restricted funds Seahaven Storehouse 23,688 11,879 Building Reserve 91,553 (1,910) Ukraine 7,787 - 123,028 9,969 TOTAL FUNDS 206,675 (19,905) Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 55,731 Giving Fund 1,583 IPC Destiny 13,367 IPC Donations 4,659 75,340 Restricted funds Seahaven Storehouse 89,882 Building Reserve - 89,882 TOTAL FUNDS 165,222 |
Transfers between funds £ (12,522) - - 22,391 (4,664) 5,205 (4,643) - (562) (5,205) - Resources expended £ (51,802) - (53,412) - (105,214) (78,003) (1,910) (79,913) (185,127) |
At 31/12/23 £ 37,264 7,607 2,204 11,054 849 58,978 30,924 89,643 7,225 127,792 186,770 Movement in funds £ 3,929 1,583 (40,045) 4,659 (29,874) 11,879 (1,910) 9,969 (19,905) |
|---|---|---|
continued...
Page 11
SEAFORD COMMUNITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
11. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund Giving Fund Ministry Fund IPC Destiny Barnabas Ministry Giving Fund IPC Special Offerings IPC Donations Restricted funds Seahaven Storehouse Building Reserve Ukraine TOTAL FUNDS |
At 1/1/22 £ 67,155 5,783 3,929 32,047 857 - - 109,771 31,799 95,512 - 127,311 237,082 |
Net movement in funds £ (7,433) (32,262) 4 (3,130) - 8,968 4,511 (29,342) (4,893) (3,959) 7,787 (1,065) (30,407) |
Transfers between At funds 31/12/22 £ £ (13,865) 45,857 32,503 6,024 (1,729) 2,204 (209) 28,708 (857) - (8,968) - (3,657) 854 3,218 83,647 (3,218) 23,688 - 91,553 - 7,787 (3,218) 123,028 - 206,675 |
|---|---|---|---|
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 48,865 | (56,298) | (7,433) |
| Giving Fund | (32,270) | 8 | (32,262) |
| Ministry Fund | (1) | 5 | 4 |
| IPC Destiny | 37,128 | (40,258) | (3,130) |
| IPC Special Offerings | 8,968 | - | 8,968 |
| IPC Donations | 4,511 | - | 4,511 |
| 67,201 | (96,543) | (29,342) | |
| Restricted funds | |||
| Seahaven Storehouse | 52,840 | (57,733) | (4,893) |
| Building Reserve | - | (3,959) | (3,959) |
| Ukraine | 12,711 | (4,924) | 7,787 |
| 65,551 | (66,616) | (1,065) | |
| TOTAL FUNDS | 132,752 | (163,159) | (30,407) |
continued...
Page 12
SEAFORD COMMUNITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
11. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Giving Fund Ministry Fund IPC Destiny Barnabas Ministry Giving Fund IPC Special Offerings IPC Donations Restricted funds Seahaven Storehouse Building Reserve Ukraine TOTAL FUNDS |
At 1/1/22 £ 67,155 5,783 3,929 32,047 857 - - 109,771 31,799 95,512 - 127,311 237,082 |
Net movement in funds £ (3,504) (30,679) 4 (43,175) - 8,968 9,170 (59,216) 6,986 (5,869) 7,787 8,904 (50,312) |
Transfers between At funds 31/12/23 £ £ (26,387) 37,264 32,503 7,607 (1,729) 2,204 22,182 11,054 (857) - (8,968) - (8,321) 849 8,423 58,978 (7,861) 30,924 - 89,643 (562) 7,225 (8,423) 127,792 - 186,770 |
|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 104,596 | (108,100) | (3,504) |
| Giving Fund | (30,687) | 8 | (30,679) |
| Ministry Fund | (1) | 5 | 4 |
| IPC Destiny | 50,495 | (93,670) | (43,175) |
| IPC Special Offerings | 8,968 | - | 8,968 |
| IPC Donations | 9,170 | - | 9,170 |
| 142,541 | (201,757) | (59,216) | |
| Restricted funds | |||
| Seahaven Storehouse | 142,722 | (135,736) | 6,986 |
| Building Reserve | - | (5,869) | (5,869) |
| Ukraine | 12,711 | (4,924) | 7,787 |
| 155,433 | (146,529) | 8,904 | |
| TOTAL FUNDS | 297,974 | (348,286) | (50,312) |
The purposes of the restricted and unrestricted funds are as follows:
General fund - the income is generated from regular planned giving for the furtherance of the charity's objective to promote the advancement of the Christian Faith either in the United Kingdom or overseas. Other unrestricted funds are allocations from the general fund for budgeting and future planning purposes.
Giving fund - for giving out of the general fund.
continued...
Page 13
SEAFORD COMMUNITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
11. MOVEMENT IN FUNDS - continued
IPC Destiny fund - the identification of gift aid tax reclaims arising from general fund giving and an allocation out of the general fund to support local, national and international ministry activities. Previously known as the Barnabas Ministries Fund.
IPC Donations fund - for giving arising from itinerant ministry work and external relationships. Previously known as the Barnabas Ministries Giving Fund
Ministry fund - to support ministry and administration.
Building reserve fund - The fund represents the improvements made to the premises occupied by the church.
Seahaven Storehouse - The fund is for the purpose of providing food to those in need in the local community.
Ukraine - The fund is for the purpose of supporting our ministry in Ukraine.
TRANSFERS BETWEEN FUNDS
The fixed assets purchased by the charity in the year using restricted funds do not have restricted conditions attached to their usage, and as such a transfer has been made to the general funds to reflect this.
The transfer from the Ukraine fund relates to the exchange rate movement on this fund.
12. RELATED PARTY DISCLOSURES
During the accounting period the charity has received donations totalling £22,630 from individuals that have acted as Trustees during the year ended 31 December 2023.
Page 14