LARNE CHRISTIAN FELLOWSHIP TRUST
TRUSTEES’ REPORT
STATEMENT OF FINANCIAL ACTIVITIES (including income & expenditure account) For the year ended 5 April 2025
| Notes | Unrestricted | Restricted | TotalFunds | TotalFunds | ||
|---|---|---|---|---|---|---|
| Funds | Funds | 2025 | 2024 | |||
| £ | £ | £ | £ | |||
| INCOMINGRESOURCES |
||||||
| Incoming resourcesfrom | , | |||||
| Generated income | ||||||
| VoluntaryIncome excl oneoffgifts | a | 30,213.12 | 2,567.27 | 32,780.39 | 37,770 | |
| HMRC GiftAid (net) | b | 6,808.63 | - | 6,808.63 | 6,630 | |
| One offgifts | c | - | - | - | 21,000 | |
| Bank interestreceived | e | 200.93 | - | 200.93 | 205 | |
| Other incoming resources | ||||||
| Otherincome | f | 58.46 | - | 58.46 | 57 | |
| Asset and Investment sales | g | - | - | - | - | |
| Refunds fromrelated charity (1071300) | h | - | 9,967.37 | 9,967.37 | 3,963 | |
| TotalIncomingresources | in | sum a-h | 37,281.14 | 12,534.64 | 49,815.78 | 65,625 |
| RESOURCESEXPENDED | ||||||
| Costs ofgenerating funds: | ||||||
| Costsofgeneratingvoluntaryincome | j | : | - | - | - | |
| Charitable activities: | ||||||
| Church activity costs | k | 35,802.81 | 1,725.73 | 37,528.54 | 53,374 | |
| O’seas transfersonbehalfrelated charity | l | 2,200.00 | 12,527.65 | 14,727.65 | - | |
| (1071300) | ||||||
| Transferstorelated charity(1071300) | m | 6,334.94 | 947.00 | 7,281.94 | 8,534 | |
| AssetPurchases | n | 1,815.00 | - | 1,815.00 | 2,542 | |
| Governance Costs | p | 250.00 | - | 250.00 | 286 | |
| TotalResourcesexpended | Sum j-p | 46,391.76 | 15,200.38 | 61,592.14 | 64,736 | |
| out | ||||||
| Netincoming/(outgoing) resources fortheyear | in-out | (9,121.61) | (2,665.74) | (11,787.35) | 889 | |
| Reconciliation ofmovements in funds | ||||||
| Funds at6April2024 | 86,506.05 | 1,601.57 | 88,107.62 | 87,218 | ||
| Movement inyear | in-out | (9,121.61) | (2,665.74) | (11,787.35) | 904 | |
| Funds at5April2025 | 77,384.44 | (1,064.17) | 76,320.27 | 88,108 | ||
| Preparation of Account |
||||||
| A) | ||||||
| : | [Miller | 7January2026 | 2026 |
Approval of Account
The foregoing Income & Expenditure was approved by the trustees on 20 January 2026
JI eRell Chair ofiL»
7
LARNE CHRISTIAN FELLOWSHIP TRUST
TRUSTEES’ REPORT
LARNE CHRISTIAN FELLOWSHIP TRUST
NOTES TO THE ACCOUNTS For the year ended 5 April 2025
1. ACCOUNTING POLICIES
Accounting Convection
The accounts have been prepared under the cash accounting system.
2. OTHER INCOME UNRESTRICTED
| OTHER INCOMEINCOME UNRESTRICTED | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| NIE Wayleaves | 58.46 | 57 |
| Totals | 58.46 | 57 |
3. RESTRICTED FUNDS
Included in bank deposits are monies collected for the following projects which have still to be released.
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| FromBFoC forBishara (Israel) (owed byBFoC) | (1,143.71) | 1,416.57 |
| SeacourtYouth | - | 185.00 |
| ForMarkoAdonai (Zimbabwe) | 79.54 | = |
| 1064.17 | 1,601.57 |
| Material Assets NotionalValue | Value at5 April2025: | |
|---|---|---|
| Land | 34,000 | |
| Building | 133,598 depreciate at | 2% straightline |
| Plantandmachinery | 7,866 | 20% double declining balance |
| Furniture and fittings | 10,006 | 10% double declining balance |
| Total | 185,470 |
Liabilities £0
The Trust has no overdraft, mortgage, Line of Credit, unpaid creditors, liens, or other Liabilities.
8