## **Charity registration number 801113 (England and Wales)**
**Company registration number 02350178**
## **THROUGH FAITH MISSIONS**
# **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **THROUGH FAITH MISSIONS**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**Trustees And Directors** P A Sammons P Preston A Males **Charity number (England and Wales)** 801113 **Company number** 02350178 **Registered office** 18 Tannery Road Sawston Cambridge CB22 3UW **Independent examiner** Ensors Accountants LLP Victory House Vision Park Chivers Way, Histon Cambridge CB24 9ZR
## **THROUGH FAITH MISSIONS**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 3|
|Independent examiner's report|4|
|Statement of financial activities|5|
|Balance sheet|6|
|Notes to the financial statements|7 - 15|
## **THROUGH FAITH MISSIONS**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
The trustees and directors present their annual report and financial statements for the year ended 31 December 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Memorandum and Articles of Association, 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)".
## **Objectives and activities**
The Trustees have referred to the Charity Commission’s general guidance on Public Benefit when reviewing our aims and objectives and in planning the charity's future activities and believe that the activities of the charity clearly demonstrate a direct public benefit.
The charity's objects and powers are to advance, promote and maintain the Christian Faith. In summary, the
charity achieves these objectives by the following activities;
- organise, hold and give evangelistic missions meetings, services, lectures, courses, conferences, schools (residential and non-residential)
- print, publish and distribute books, booklets, articles, papers, leaflets, posters, banners and all other forms of literature and publicity materials
- support financially or otherwise, any charitable purpose being undertaken by any institution or organisation which carries on activities for the advancement of the Christian faith
- co-operate with other organisations having similar objectives as the Association
- organise and promote exhibitions, displays, conferences, courses, study groups, vocational training and advertising of all kinds.
The outworking of these objects is demonstrated in the activities detailed in the review of the year.
## **Review of the Year**
The year proved to be stable as Dan Holland completed his first year as Lead Evangelist. Dan led missions in Basingstoke and Wolverhampton and also led the TFM team as part of the chaplaincy at the Download music festival. Dan also travelled to Kenya with the Evangelic Medical Missions Abroad team in preparation for a full TFM mission team going in 2025. There were also a couple of outreach days in Peterborough.
Our annual conference was held in September in Basingstoke as part of the mission there with the great support of the local churches.
We continue to be encouraged by our volunteers who not only come and join mission teams but also help behind the scenes preparing for missions, speaking in their local community about TFM and supporting training events.
The Trustees decided that we were not getting value out of the office located at the Sawston Free Church and consequently, this was relinquished and staff reverted to working from home. This matter is to be reviewed during 2025.
## **Communications**
Our refreshed website has allowed us to more clearly present news about our activities and we sent out 2
newsletters in the year. This is on top of weekly prayer news emails sent to over 600 supporters.
- 1 -
## **THROUGH FAITH MISSIONS**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **Staff Appointments**
In July 2024, we said 'Goodbye' Tao Hu, our Mission and Prayer Secretary. The post was not refilled. A review of staffing is to be held during 2025.
## **Looking forward - Future Missions and Events**
During 2025, a number of missions and training events are planned although we are noticing that churches and groups remain quite reserved in their outlook. However, there are events planned in Basingstoke, Littleport, Kenya and Peterborough. Also we will embark on a much larger mission in Suffolk to be called Awake Suffolk coastal and churches across the region were contacted late in 2024 as the first phase of the preparation process.
## **Financial review**
The results for the year are set out in the attached financial statements. The charity had income of £113,044 (2023 - £132,858), while £118,138 (2023 - £149,604) was expended on charitable activities. Unrestricted funds at the yearend amounted to £76,851 (2023 - £79,695 ). Restricted funds at the yearend amounted to £2,213 (2023 - £4,463 ). Charity reserves amounted to £76,107 (2023 - £78,378)
The Trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets (‘the free reserves’) held by the charity should be between three to six months' worth of the resources expended, although it is expected the amount will sometimes be higher than this depending on the timing of donations. At this level, the Trustees feel that they would be able to continue the current activities of the charity in the event of a significant drop in funding. In the event of such an occurrence, it would obviously be necessary to consider how the funding would be replaced or activities changed. The reserves at year end are in excess of this target amount, but they have reduced during the year and the Trustees are confident that they will not prove excessive in the long run.
## **Risk management**
The trustees and directors have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
The directors have implemented a risk management strategy which comprises:
- An annual review of the risks which the charity may face; and
- the establishment of systems and procedures to mitigate those risks identified in the plan; and
- the implementation of procedures designed to minimise any potential impact on the charity should any of those risks materialise.
## **Fund Raising**
The charity relies on gifts and donations from individuals and churches. It does not receive any routine income from denominations or organisations. It does not charge for its work other than the covering of certain expenses such as travel costs.
As a routine, the Charity does not fundraise although keeps supporters informed of our financial standing. Funds are received from legacies for which we are very grateful.
## **Structure, governance and management**
The organisation is a charitable company limited by guarantee incorporated, in England and Wales, on 21 February 1989 and subsequently registered with the Charity Commission on 11 April 1989. The Company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association, amended by special resolution on 16 April 2013 to comply with the provisions of the Companies Act 2006.
- 2 -
## **THROUGH FAITH MISSIONS**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
The members of the board of 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:
P A Sammons P Preston A Males P S Keeble (Appointed 1 January 2024 and resigned 4 June 2025)
## **Trustees**
The Trustee Board has remained the same through the year and a 2-day retreat was held at Quidenham Monastery in Suffolk.
## **Governance and management**
The day-to-day Charity management is delegated to senior staff.
The annual staff salaries review is discussed by the full Trustee board following recommendations made by the charity Administrator.
The trustees' report was approved by the Board of Trustees And Directors.
..............................
**P Preston** Trustee Dated: .........................
- 3 -
## **THROUGH FAITH MISSIONS**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES AND DIRECTORS OF THROUGH FAITH MISSIONS**
I report to the trustees and directors on my examination of the financial statements of Through Faith Missions (the charity) for the year ended 31 December 2024.
## **Responsibilities and basis of report**
As the trustees and directors of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
## **Independent examiner's statement**
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:
- 1 accounting records were not kept in respect of the charity as required by section 386 of the Companies Act 2006.
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination; or
- 4 the financial statements 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 financial statements 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 in order to enable a proper understanding of the financial statements to be reached.
Ms J Boatfield ACA, DChA **Ensors Accountants LLP**
Victory House Vision Park Chivers Way, Histon Cambridge CB24 9ZR
Dated: .........................
- 4 -
## **THROUGH FAITH MISSIONS**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**3**
105,711
1,600
Charitable activities
**5**
3,110
-
Investments
**4**
2,623
-
**Total income**
111,444
1,600
**Expenditure on:**
Charitable activities
**6**
114,288
3,850
**Total expenditure**
114,288
3,850
**Net expenditure and**
**movement in funds**
(2,844)
(2,250)
**Reconciliation of funds:**
Fund balances at 1 January
2024
79,695
4,463
**Fund balances at 31**
**December 2024**
76,851
2,213|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2023**
**2023**
**£**
**£**
**£**
107,311
127,641
-
3,110
3,330
-
2,623
1,887
-
113,044
132,858
-
118,138
143,604
6,000
118,138
143,604
6,000
(5,094)
(10,746)
(6,000)
84,158
90,441
10,463
79,064
79,695
4,463|**Total**
**2023**
**£**
127,641
3,330
1,887
132,858
149,604
149,604
(16,746)
100,904
84,158|
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
- 5 -
## **THROUGH FAITH MISSIONS**
## **BALANCE SHEET**
## _**AS AT 31 DECEMBER 2024**_
|**Notes**
**Fixed assets**
Tangible assets
**12**
**Current assets**
Stocks
**13**
Debtors
**14**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**15**
Net current assets
**Total assets less current liabilities**
**Income funds**
Restricted funds
**17**
Unrestricted funds|**2024**
**£**
1,459
4,157
77,576
83,192
(4,872)|**£**
744
78,320
79,064
2,213
76,851
79,064|**2023**
**£**
1,865
3,739
81,573
87,177
(4,336)|**£**
1,317
82,841|
|---|---|---|---|---|
|||||84,158|
|||||4,463
79,695|
|||||84,158|
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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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 And Directors on .........................
..............................
P Preston **Trustee**
## **Company Registration No. 02350178**
- 6 -
**BALANCE SHEET (CONTINUED)** _**AS AT 31 DECEMBER 2024**_
## **THROUGH FAITH MISSIONS**
## **1 Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the trustees and directors 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.
## **2 Accounting policies**
## **Charity information**
Through Faith Missions is a private company limited by guarantee incorporated in England and Wales. The registered office is 18 Tannery Road, Sawston, Cambridge, CB22 3UW.
## **2.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association, 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, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
## **2.2 Going concern**
At the time of approving the financial statements, the trustees and directors have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees and directors continue to adopt the going concern basis of accounting in preparing the financial statements.
## **2.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees and directors in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
## **2.4 Income**
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.
- 7 -
## **THROUGH FAITH MISSIONS**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **2 Accounting policies**
**(Continued)**
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.
## **2.5 Expenditure**
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 benefits 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 of 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 are allocated on the portion of the asset’s use.
## **2.6 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:
Plant and equipment Straight line over 4 years Fixtures and fittings Straight line over 4 years
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 the statement of financial activities.
## **2.7 Impairment of fixed assets**
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
## **2.8 Stocks**
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.
Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.
## **2.9 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
- 8 -
## **THROUGH FAITH MISSIONS**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **2 Accounting policies**
## **(Continued)**
## **2.10 Financial instruments**
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
## **3 Donations and legacies**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
Donations and gifts
100,852
1,600
Legacies receivable
4,859
-
105,711
1,600|**Total**
Unrestricted
funds / Total
**2024**
2023
**£**
£
102,452
97,641
4,859
30,000
107,311
127,641|**Total**
Unrestricted
funds / Total
**2024**
2023
**£**
£
102,452
97,641
4,859
30,000
107,311
127,641|
|---|---|---|
|||127,641|
- 9 -
## **THROUGH FAITH MISSIONS**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **4 Investments**
||**Unrestricted **|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2024**|**2023**|
||**£**|**£**|
|Interest receivable|2,623|1,887|
**5 Income from charitable activities**
|Missions
Conferences and Training Events
Sales of Literature and Customised goods|**2024**
**£**
425
1,988
697
3,110|**2023**
**£**
220
1,676
1,434|
|---|---|---|
|||3,330|
## **6 Charitable activities**
|Depreciation and impairment
Wages and salaries
Social Security costs
Pension contributions
Missions
Conferences and Training Events
Literature and Customised Goods
Office expenses
Publicity and Printing
Motor Expenses and Travelling
Share of governance costs (see note 9)
**Analysis by fund**
Unrestricted funds
Restricted funds|**2024**
**£**
906
78,910
2,276
2,367
608
1,340
2,960
13,257
2,914
4,356
109,894
8,244
118,138
114,288
3,850
118,138|**2023**
**£**
1,270
100,969
3,294
2,543
-
1,111
1,300
22,352
3,638
5,027|
|---|---|---|
|||141,504
8,100|
|||149,604|
|||143,604
6,000|
|||149,604|
- 10 -
## **THROUGH FAITH MISSIONS**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
|**7**|**Net movement in funds**|**2024**|**2023**|
|---|---|---|---|
|||**£**|**£**|
||The net movement in funds is stated after charging/(crediting):|||
||Fees payable for the independent examination of the charity's financial|||
||statements|690|660|
||Depreciation of owned tangible fixed assets|906|1,270|
## **8 Trustees And Directors**
None of the trustees and directors (or any persons connected with them) received any remuneration or benefits from the charity during the year.
## **9 Governance costs**
|**Governance**
**costs**
**£**
Independent examination
690
Other accountancy fees
7,554
8,244
Analysed between
Charitable activities
8,244|**2024**
**Governance**
**costs**
**£**
**£**
690
660
7,554
7,440
8,244
8,100
8,244
8,100|**2023**
**£**
660
7,440|
|---|---|---|
|||8,100|
|||8,100|
## **10 Taxation**
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
## **11 Employees**
## **Number of employees**
The average monthly number of employees during the year was:
||**2024**|**2023**|
|---|---|---|
||**Number**|**Number**|
|Ministers|1|1|
|Administrator|1|1|
|Part-time secretaries|1|1|
||3|3|
There were no employees whose annual remuneration was £60,000 or more.
- 11 -
## **THROUGH FAITH MISSIONS**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
|**12**
**Tangible fixed assets**
**Plant and**
**equipment**
**Fixtures and**
**fittings**
**£**
**£**
**Cost**
At 1 January 2024
761
35,719
Additions
-
334
At 31 December 2024
761
36,053
**Depreciation and impairment**
At 1 January 2024
761
34,403
Depreciation charged in the year
-
906
At 31 December 2024
761
35,309
**Carrying amount**
At 31 December 2024
-
744
At 31 December 2023
-
1,317
**13**
**Stocks**
**2024**
**£**
Finished goods and goods for resale
1,459
**14**
**Debtors**
**2024**
**Amounts falling due within one year:**
**£**
Trade debtors
-
Other debtors
1,669
Prepayments and accrued income
2,488
4,157
**15**
**Creditors: amounts falling due within one year**
**2024**
**£**
Trade creditors
821
Other creditors
691
Accruals and deferred income
3,360
4,872|**Total**
**£**
36,480
334|
|---|---|
||36,814|
||35,164
906|
||36,070|
||744|
||1,317|
||**2023**
**£**
1,865|
||**2023**
**£**
306
2,564
869|
||3,739|
||**2023**
**£**
408
736
3,192|
||4,336|
- 12 -
## **THROUGH FAITH MISSIONS**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **16 Unrestricted funds**
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
|**At 1**
General funds
**Previous year:**
**At 1**
General funds|**January**
**2024**
**Incoming**
**resources**
**Resources**
**expended**
**At 31**
**December**
**2024**
**£**
**£**
**£**
**£**
79,695
111,444
(114,288)
76,851
**January**
**2023**
**Incoming**
**resources**
**Resources**
**expended**
**At 31**
**December**
**2023**
**£**
**£**
**£**
**£**
90,441
132,858
(143,604)
79,695|
|---|---|
- 13 -
## **THROUGH FAITH MISSIONS**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **17 Funds**
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
|||**Movement in funds**|**Movement in funds**|||**Movement in funds**|**Movement in funds**||
|---|---|---|---|---|---|---|---|---|
||**Balance at**|**Incoming**|**Resources**||**Balance at**|**Incoming**|**Resources**|**Balance at**|
||**1 January 2023**|**resources**|**expended**|**1**|**January 2024**|**resources**|**expended**|**31 December**|
|||||||||**2024**|
||**£**|**£**|**£**||**£**|**£**|**£**|**£**|
|Provision of new office facilities|10,463|-|(6,000)||4,463|-|(3,850)|613|
|Kenya mission fund|-|-|-||-|1,600|-|1,600|
||10,463|-|(6,000)||4,463|1,600|(3,850)|2,213|
- 14 -
## **THROUGH FAITH MISSIONS**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
|**18**
**Analysis of net assets between funds**
**Unrestricted**
**funds**
**Restricted**
**funds**
**2024**
**2024**
**£**
**£**
Fund balances at 31
December 2024 are
represented by:
Tangible assets
744
-
Current assets/(liabilities)
76,107
2,213
76,851
2,213|**Total Unrestricted**
**funds**
**Restricted**
**funds**
**2024**
**2023**
**2023**
**£**
**£**
**£**
744
1,317
-
78,320
78,378
4,463
79,064
79,695
4,463|**Total**
**2023**
**£**
1,317
82,841|
|---|---|---|
|||84,158|
## **19 Related party transactions**
There were no disclosable related party transactions during the year (2023 - none).
- 15 -