Charity registration number.. 100819 Mourne Gospel Fellowship Annual Report and Financial Statements for the Year Ended 31 October 2023
Mourne Gospel Fellowship Contents (continued) Rcfcrencc and Administrative Dctails Trustees, Report 2to5 Independent ExamineT'S Report Statement of Financial Activities 7t08 Balance Sheet Notes to the Financial Statements IOto17
Mourne Gospel Fellowship Reference and Administrative Details Secretary Miss Vivienne Rowland Senior Management l Leadership Mr Johnny Brown Team Mrs Emma Brown Mrs Joan Hall Mi&4 Vivienne Rowland Charity Registration Number 100819 Principal Office 10 The Square Kilkeel Countv DoNvn BT34 4AA Accountants ABS Accountants ( Bangor ) Ltd l May Avenue Bangor BT20 IJT Pagc I
Mourne Gospel Fellowship Trustees, Report The trustees present the annual report together with the financial statements of the charity for the year ended 31 October 2023. Trustees Mr Johnny Brown Mrs Emma BroNfvn Mrs Joan Hall (appointed 24 April 2023) Miss Viviennc Rowland {appointcd 31 March 2023) Objeetives and aetivities Objects and aims The purpose of Mourne Gospel Fellowship is the promotion and encouragement of evangelism of children, young people and adults. The charity aims to take the Gospcl of Jesus Christ to all people iegardlcss of racc, rcligion, scx, social status or baL'kground. By sharing God's lovc cqually to all. the charity sceks to build bridgcs across the whole community. Objectives, slra¢egie5 and aclivities Mournc Gospcl Fcllowship continues to delivcr thc charitablc activitics outlincd in its public bcnefit statcmcnt and constitution in that Weekly meetings continue twice on a Sunday, and include Sunday School duriT]g the morning Service There is a Prayer meeting and Bible Study on a WedT]esday evening There i5 a 'drop-in' on a friday evening Clothcs bank and community cafe are opcn 34 days pcr week. nornially wcdncsday to saturday, dcpcnding on the availability of voluntccts Pagc 2
Mourne Gospel Fellowship Trustees, Report {continued) Public benefit The principal purp05e is the adp'ancement of the Christian religion and the aCt]lty 15 public worship services each and e.ery sunday. Everyone who chooses to attend the OrShIp Services is elcoMed. Special actIlI]eS aTe provided for children during the niorning worship 5eTr'ice to enable parents of yOUT]g children to attend. Services aTe made available on Youtube. The public arc made aw'are of events and activities through the usc of notiec boards. printcd matcrial, press advcrtiscmcnts, wcbsitc, social media and personal invitation. Pastoral care services are provided to people h0 attend the church and others in the local community. providing help and suppon in good times and also in limcs of CTiSiS and sickness. piol'iding spiritual support and guidance and also io provide practical help including food packages etc. Full attcntion is givcn to rclevant Child Protcction and Vulnerable Adult Icgislation. Rcgular prayer mcelings arc held at which the needs of thosc who attend and thc local community arc prayed for. The Trustees confirni that they have complied with the requirements of the Charities Act ( Northern Ireland ) 2008 to have due regard to the public benefit guidance published by the Charity Commission for Northern Ireland. Achievements and performance The church continues to grow and expand its charitable activities, particularly the clothes bank which proi'ides free clothing and shoes to those in need. and the community cafe which also provides fooivtealcoffee free of charge. Donations are welcome for both. for those who like to donate to the church.Thi5 ministry is making significant impact in the community particularly to those who struggle financially and also the local fishernien, who are provided with clothes not only for themselves, but for their families also. All activities continue to promote and encourage evangelism in the local community, with new community contacts being made each week. Finaneial instruments Objectives andpolicies The charity's aCti.111cS cxposc it to a number of financial tisks including credit risk, cash flow risk and liquidity risk. The usc of financial dcrivaiives is governed by thc charity's policies approiwed by the board of tnjstces, which provid¢ Titten principlcs on thc use of financial deriN"all¢S to manage thesc risks. Thc charity docs not usc derivative financial instruments for spcculatii'c purposes. Cashflow risk The chaTity's actii'ities expose it primarily to the financial risk5 of changes in foreign currency exchange rates and intcrcst ratcs. The charity uses foreign cxchangc foTh'ard contracts and intLrest ratc sivap contracts lo hedge thcsc cxposurcs. Interest bearing asscis and liabilities are hcld at fixed ratc to cnsurc certainty of cash flows. Pagc 3
Mourne Gospel Fellowship Trustees, Report {continued) Credit risk The Lharity'5 principal financial assets aTe bank balance5 and cash, trade and other receivables, and investments. The charity's credit risk is priniarily attributable to its trade receivables. The arnounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairnient is made where there is an identified loss cvcnt which. based on prei'ious cxpcricncc, is cvidcncc of a reduction in the rccovcrability of thc cash flows. The Lredit risk on liquid funds and dLrii'aliTrc financial instruments is limited because the counterpartics arc banks with high crcdit-ratings assigned by international Lredit-rating agencies. Thc charity has no signifiLani LollLcntration of Lrcdit tisk, with cxposure sprcad ovcr a larg¢ numbcr of coUnteartieS and custorners. Liquidity risk In order to maintain liquidity to ensure that sufficient fund5 are available for ongoing operations and developments, the charity u5e5 a mixture of long-term and short-terni debt finance. Further details regarding liquidity risk can be found in the Statement of accouT]ting policies in the financial siatcments. Pagc 4
Mourne Gospel Fellowship Trustees, Report (continued) Statement of Trustees, Responsibilities The trustees are responsible for preparing the trustees. report and the financial statements in acLordan¢e with the United Kingdom AL¢ounting Standards (United Kingdom Generally Ac¢epted A¢¢ounting Pra¢ti¢e) and applicable law and regulations. The law applicable to charities requires the trustees to prepare financial statemenls for each financial year which give a true and fair view. of the slate of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting p)licies and then apply them consistenily: observe the methods and principles in the Charitie5 SORP. make judgements and estimates that are reasonable and prudent; state whether applicable aLcounting standards have been followed. subject to any mateTial departures disclosed and explained in the financial statements- and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustecs are responsible for keeping proper aLeounting rccords ihat disclose with reasonable accuracy at any time the financial position of the Lharity and enable them to ensure that the financial statcments Lomply with ihe Charities Act 201 I, the Charities (Accounts and Reports} Regulations 2008, and the provisions of the constitution. The trustees are also responsible for safeguarding ihe assets of ihe charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for ihe maintenance and inlegrity of ihe corporate and financial inforniation included on the charitable Lompany'5 web51te. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other juri5didions. Approved by the trustees of the charity OTJ 17 July 2024 and Signed on its behalf by: Mr Johnny Brown Chainnan and Trustee Miss ViN'ienne Rowland Secretary and Trustee Page 5
Mourne Gospel Fellowship Independent Examiner's Report to the trustees of Mourne Gospel Fellowship I report to the trustees on my examinalion of the accounts of Mourne Gospel Fellowship for the year ended 31 October 2023. Responsibilities and basis of report As the charity's trustees of Moume Gospel Fellowship you are responsible for the preparation of the accounts in accordance wilh the requiremenls of the Charities Act ( Northern Ireland } 2008 ('the Act.). I report in respect of my examination of the Mourne Gospel Fellowship's accounls carried out under the Act and in canying out my examination I hai'e followed all ihe applicable Directions given by the Charity Commission under seclion 145(5)(b) of the Act. Independent examiner's statement I have Lompleted my examination. J confinn that no material matters have come to my attention in Connection with the examinaiion giving me cause to believe ihat in any material respect: accounting re¢oTds were not kept in respect of Mourne Gospel Fellowship as Trquired by section 63 of the Act; or 2. the accounts do not accord with those records- or 3. the a¢¢ounts do not Lomply with the aLeounting requirements LollLcrning the forn) and content of ac¢ount$ set out in the Charities (ALeount8 and Reportg) Regulations 2008 oth¢r than any requiremeni ihat the a¢¢ounts give a 'true and fair view, which is not a matteT Lonsidered part of an independeni examination. I have no concerns and have come acr055 no other matters in connection with the examination to which attention should be drnwn in this report in order to enable a proper understanding of the accounts to be reached. Ralph Ewing FCA ABS Accountants ( Bangor ) Ltd l May Avenue Bangor BT20 4JT 17 July 2024 Page 6
Mourne Gospel Fellowship Statement of Financial Activities for the Year Ended 31 October 2023 Unrestricted funds Restricted funds Total 2023 Note Income and Endowments from: Charitable activities Other incorne 51,902 5,717 51,902 5,717 Total inLome 57,619 57,619 Expenditure on: Raising funds Charitablc aL'tivitics Other cxpenditurc (833) (34.777) (91) (833) (34,777) (91) Total expenditure (35,701) (35,701) Net income GTOSS transfers between funds 21,918 500 21,918 (500) Net movement in funds 22.418 (500) 21,918 Reconciliation of funds Total ndS brought fonvard 80,675 627 81,302 Total ndS carried fonvard 103.093 Unrestricted funds 127 103,220 Total 2022 Restricted funds Note Income and Endowments from: Donations and Icgaeies Charitablc aL'tivitics Other irading activilics Other incomc (500) 38,208 (500) 38,208 1,874 7,586 1,874 7.586 Total income 45,294 1,874 47,168 Expenditure on: Charitable aLtivitics (28,879) (644) (1,292) (30,171) (644) Other cxpcnditurc Total expenditure (29,523) (1,292) (30,815) Net income 15,771 582 16,353 Other recognised gains and losse5 Other gainsllosses Net movement in funds 15,771 583 16,354 The notes on pages l O to 17 forni an integral part of these financial statements. Pagc 7
Mourne Gospel Fellowship Statement of Financial Activities for the Year Ended 31 October 2023 (continued) Unrestricted funds Restricted funds Total 2022 Note Reconciliation of funds Total funds brought fonvard 64,904 44 64,948 Total fimds carried fonvard 80,675 627 81,302 All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2022 is shown in note I l. The notes on pages l O to 17 forni an integral part of these financial statements. Pagc 8
Mourne Gospel Fellowship (Registration number: 100819) Balance Sheet as at 31 October 2023 2023 2022 Iyote Fixed assets Tangible assets 204,088 193.428 Current assets Cash at bank and in hand 11.131 25.874 Creditors: Amounts falling due H'ithin one vear io {111,999) (138,000) Net current liabilities {100,868) {112,126) Net assets 103,220 81.302 Funds of the Charity: Restricted income funds RestriLted funds 127 627 Unrestricted income funds Unrestricted funds 103,093 80.675 Total funds 103,220 81,302 The financial statements on pages 7 to 17 were approved by the tntee5, and authorised for issue on 17 July 2024 and signed on their behalf by.. Mr Johnny Brown Chairn]an and trustee Miss Vivienne Rowland Trustee The notes OT] pages 1 O to 17 form an integral part of these financial statements. Page 9
Mourne Gospel Fellowship Notes to the Financial Statements for the Year Ended 31 October 2023 l Accounting policies Statement of compliance The financial statements have been prepared in accordance with 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 l January 2015) - (Charitie5 SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act (Northem Ireland) 2008. Basis of preparation Mourne Gospel Fellowship meets the definition of a public benefit entity under FRS 102. The accounts (financial statements} have been prepared under the historical cost convention with items recognised at cost or transaction value UT]less otherwise stated in the relevant noid5) to these accounts. Going concern The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. Transition to FRS 102 In preparing the accounts, the trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 a restatement of comparative ifrms was required. No restatements are required as a result of the transition to FRS 102. Income and endowments Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability. Gift aid Incoming resources from tax reclaims are included in the Statement of Financial Activities at the same time as the gift to which they relate. Expenditure All expenditure is recognised once there is a legal or construCtie obligation to that expendIre, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Pagc 10
Mourne Gospel Fellowship Notes to the Financial Statements for the Year Ended 31 October 2023 (continued) Raisingfunds These are costs incurred in attracting voluntary income, the manageTnent of investments and those incued in trading activities that raise funds. Charitable aclivities Charitable expenditure COTnprises those costs incurred by the charity in the delivery of its activities and Services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Support costs Support Costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property Costs by floor areas. or per capita. staff costs by the time spent and other costs by their usage. Taxation The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categorie5 covered by Chapter 3 Part I I of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Tangible fixed a55ets Individual fixed assets costing £0.00 or more are initially recorded at C05t. Depreciation and amortisatio Fixed assets are depreciated at a rate estiTnated to write the cost off over the estiTnated useful life of the asset. Asset class Motor vehicles Depreciation method and rate 20 % reducing balance Cash and eash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to aT] insignificant risk of change in value. Pagcll
Mourne Gospel Fellowship Notes to the Financial Statements for the Year Ended 31 October 2023 (continued) Borroivings Intcrcst-bcaring borrowings arc initially recordcd at fair value. nct of transaction costs. Jntercst-bcaring borrowings arc subsequcntly carried at amortiscd cost, '1th thc diffcrcnce bctwecn the proceeds, net of transaction costs, and the amount duc on rcdcmption bcing rccognised as a Lharge to thc Statement of Financial Actiiwities ovcr thc period of Ihc rclcvant borrowing. Intcrcst cxpcnse is rccognised on the basis of the effectivc intcrcsl method and is included in intercst payable and similar charges. Borrowings arc classified as current liabilitics unlcss the charity has an unconditional right to dcfcr scttlemcnt of the liability for ai Icast twelve months after thc reporting datc. Fund structure UnrcstriLted income funds are gcneral funds that arc availablc for usc at thc trustccs discretion in furthcrancc of the objectives of the charity. Restricted income funds are those donated for use in a particular area or for specific purp)ses, the use of which is restricted to that area or purpose. Financial instruments clas5ificalion Financial assets and financial liabilities are rccognised when the charity becomes a party to thc contractual provisions of thc instrumcnt. Financial liabiliti¢s and cquity instruments ar¢ classificd according to the substancc of the contractual arrangcmcnts entered into. An equity instrument is any contract that evidence5 a residual interest in the a55ets of the chaTity after dcduLting all of its liabililics. Recognilion and measuremenl All financial assets and liabilities are initially measured at transaction price (including transaction costs}, except for those financial a55et5 classified as at fair value through profit or loss, which are initially measured at fair value (which is nomlally the transaLtion pricc excluding Iransaction costs), unless the arrangemcnt conslitutcs a financing transaction. If an arrangemcni constitutcs a financing transaction, the financial asset or financial liability is mcasured at the present value of the payments discounted at a market rate of interest for a similaT debt instruTnent. Financial a55et5 and liabilities are only offset in the statement of financial positiOTJ when. and only when there exist5 a Icgally cnforccablc right to set off thc rccognised amounts and the charity intcnds either to settle on a nct basis, or to rcalisc the asset and scttlc thc liability simultaneously. Financial assets arc dcrceogniscd when and only when a) the contractual rights to thc cash flows from the financial asset cxpire or arc settled, b) the charity transfcTS to another party substantially all of the risks and rewards of owiership of thc financial assct, or c) thc charity, dcspite having rctained some, but not all, significant risks and rcwards of owiership, has transfcrrcd control of the assct to another party. Financial liabilitics are derccogniscd only when thc obligation specificd in thc contract is discharged, cancclled or expircs. Pagc 12
Mourne Gospel Fellowship Notes to the Financial Statements for the Year Ended 31 October 2023 (continued) Debi in5trumenls Debt instrurnents 'hiCh meet the following conditions are Subsequently measured at amortised cost using the effective interest method: (a} The contractual retum to thc holder is (i) a fixcd amount. (li) a positivc fixed ratc or a positive variable ratc. or (iii} a combination of a positive or a ncgative fixed ratc and a positive variable ratc. (b) The contraci may provide for rcpaymcnts of th¢ principal or th¢ rctum io thc holdcr (but not both) to be linked to a single relevant observable iT]dex of general price inflation of the currency in which the debt instruTnent is denominated. provided such links are T]Ot l¢veraged. (c} Thc contract may provide for a detemiinablc variation of the return to thc holdcr during the lifc of thc instrument, providcd that (i) Ihc new raic satisfics condition (a) and thc variation is not contingent on future cvcnts other than ( l ) a changc of a Lontractual N'ariablc ratc; (2) to protect the holder against credit detcrioTation of the issucr; {3) changLS in levics applied by a central bank or arising from changcs in rclevani taxation or law. or (li) the ne. rate is a markct ratc of interest and satisfics condition (a). (d) Thcrc is no contraciual piovision that could. by its tern, result in thc holdcr losing thc principal amount or any intcrcst attribulablc to thc Lurrcnt period or prior pcriods. (c} Contractual provisions Ihat pennit the issuer to prcpay a debt instrumcnl or pcrniit thc holdcr to put it back lo the issuer before maturity are not contingent on tUre eN'ents, other ihan 10 protect the holder against the Credit deterioration of the issuer or a change in control of Ihe issuer, or io proteci the holder or issuer against changes in levies applied by a central bank or arising from changes in relevant laxation OT law. (D Contractual proNisions may pennit Ihe extension of ihe tenn of ihe debt instrnrnent, provided that the retum to Ihc holdcr and any other contraLtual provisions appliLablc during the cxtcnded tern] satisfy the conditions of paragraphs (a) to (c). Debt instruments that are classified as payable or receiN'able within one year on initial recognition and which meet the above conditions are measured at the undiscounted amount of the cash or other consideration expected to be paid or received, net of impainnent. With the exception of some hedging instruments, other debt instruments not meeting these conditions are measured at fair value through profit or loss. Commitments to make and receive loans which meet the conditions mentioned above are measured at cost (which may be nil) less impairment. Invéstments Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through profit or loss. Where fair value cannot be measured reliably. investments are measured at cost less impainnent. Investments in subsidiaries and associates are measured at cost less impainnent. For investments in subsidiaries acquired for consideration including Ihe issue of shares qualifying for merger relief, cost is measured by reference to the nominal value of the shares issued plus fair value of other consideration. Any Premium is ignored. Pagc 13
Mourne Gospel Fellowship Notes to the Financial Statements for the Year Ended 31 October 2023 (continued) Derivalivefinancial inslrumenls The chaTity uses deriwative financial instruments to reduce exposure to foreign exchange risk and interest rate movements. The charity does not hold or issue derivative financial instruments for speculatiN'e pUoSe5. Dcrivativcs are initially rccogniscd at fair value at the date a dcrivative contract is cntercd into and arc subscqucntly rcmcasurcd to their fair value at caeh ieporting dalc. The iesulting gain OT Ioss is TCLognised in statcmcnl of financial activitics immcdiatcly unless the dcrivatii'e is designated and effective as a hedng instrument. in which Cellt the timing of th¢ rccognition in slatcmcnt of finanLial activitics depends on th¢ natur¢ of th¢ hedge rclationship. Fair value measuremenl The best evidence of fair value 15 a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an TdeT]tical asset proNTides evidence of fair value as long as theTe has not been a significant change in economic circum51aT]ces or a significant lapse of time since the transaction took place. If the Tnarket is not active and recent transactions of an identical a55et on their owi are not a good estirnate of fair valuc, Ihc fair value is estimatcd by using a valuation technique. 2 Income from donations and legacies Unrestrieted funds General Total funds Total for 2023 Total for 2022 (500) (500) 3 Income from charitable activities Unrestricted funds General Total funds Gospel Fellowship 49,616 49,646 Total for 2023 49,646 49,646 Total for 2022 37.351 37,351 4 Income from other trading actiTrities Restrieted funds Total funds Total for 2023 Total for 2022 1,874 1,874 Pagc 14
Mourne Gospel Fellowship Notes to the Financial Statements for the Year Ended 31 October 2023 (continued) 5 Expenditure on charitable activitie5 Unrestricted funds General Restrieted funds Total funds ote Gospel Fellowship 34,777 34,777 Total for 2022 28,879 1,292 30,171 Total expenditure 6 Other expenditure Total funds Note Total for 2023 7 Trustees remuneration and expenses During the year the charity made the following Iransactions with trustees.. Mr Johnny Broivn Mr Johnny reccived remuneration of £24,200 (2022: £24,600) during thc year. Pagc 15
Mourne Gospel Fellowship Notes to the Financial Statements for the Year Ended 31 October 2023 (continued) 8 Taxation The charity is a rcgistcrcd charity and is thereforc excmpt from taxation. 9 Tangible fixed assets Land and buildings Furniture and equipment Total Cost At l November 2022 Additions 193,428 193,428 10,660 10,660 At 31 October 2023 193.428 10.660 204,088 Depreciation At 31 October 2023 Net book value At 31 October 2023 193,428 10,660 204,088 At 31 October 2022 193,428 193,428 10 Creditors: amounts falling due Mithin one year 2023 2022 Other loans Other creditors 112,000 (i) 138,000 11,999 138,000 11 Funds Balance at I Noi'ember 2022 Other recognised gainsl(losses) Balance i 31 Octobi 2023 Incoming resources Resources expended Transfers Unrestricted General 80,675 57,607 (35,701) 500 12 103,OC Restrieted 627 (500} Total funds 81,302 57,607 (35,701) 12 103,2- Pagc 16
Mourne Gospel Fellowship Notes to the Financial Statements for the Year Ended 31 October 2023 (continued) Balance at I Noi'ember 2021 Other recognised gainsl(losses) Balance at 31 October 2022 Incoming resourees Resources expended Unrestricted General 64,904 43,782 (28,015) 80,675 Restrieted 1,874 {1,292) 627 Total funds 64,948 45,656 (29,307) 81,302 12 Analysis of net funds At l November At 31 Oetober 2022 2023 Cash at bank and in hand 25,874 25,874 Net debt 25,874 25,874 At l November At 31 October 2021 2022 Cash at bank and in hand 7,769 7,769 Net debt 7.769 7,769 Pagc 17
Mourne Gospel Fellowship Statement of Financial Activities by fund for the Year Ended 31 October 2023 Total Total Unrestricted Unrestricted Funds Funds 2023 2022 Income and Endowments from: Donations and legacies Charitable activities Other incorne (500) 38,208 7,586 51,902 5,717 Total income 57,619 45,294 Expenditure on: Raising funds Charitablc aL'tivitics Other cxpenditurc (833) {34,777) (91) (28,879) (644) Total expcnditure (35,701) (29,523) Net income GTOSS transfers between funds 21,918 500 15,771 Net movement in funds 22,418 15,771 Reconciliation of funds Total ndS brought fonvard 80,675 64,904 Total ndS carried fonvard 103.093 80,675 This page does not forni part of the stamtory financial stateTnents. Pagc 18
Mourne Gospel Fellowship Statement of Financial Activities by fund for the Year Ended 31 October 2023 (continued) Total Restricted Funds 2023 Total Restricted Funds 2022 Income and Endowments from: Other trading activitie5 1,874 Total income 1.874 Expenditure on: Charitable aLtivitics (1,292) Total expenditure (1,292) Net income Gross transfers between funds 582 (500} Net movement in funds (500) 582 Reconciliation of funds Total ndS brought fonvard 627 Total funds carried forward 127 626 This page does not forni part of the stamtory financial stateTnents. Pagc 19
Mourne Gospel Fellowship Detailed Statement of Financial Activities for the Year Ended 31 October 2023 Total 2023 Total 2022 Income and Endowments from: Donations and legacies (analy5ed below) Charitable activities {analy5ed below) Other trading activitie5 {analysed below) Other incorne (analysed below) (500) 38,208 1,874 7,586 51.902 5,717 Total income 57,619 47,168 Expenditure on: Raising funds (analysed bclow) Charitablc aLtivitics {analyscd bclow) Other cxpcnditurc (analysed below) (833) (34,777) (91) (30,171) (644) Total expenditure (35,701) (30,815) Net income 21,918 16,353 Net movement in funds 21,918 16,353 Reconciliation of funds Total ndS brought fonvard 81,302 64,948 Total funds carried forward 103,220 81,301 This page does not forni part of the stamtory financial stateTnents. Pagc 20
Mourne Gospel Fellowship Detailed Statement of Financial Activities for the Year Ended 31 October 2023 (continued) Total 2023 Total 2022 Donations and legacies Appeals and donation5 (500 (500) Charilable aclivitie5 Offering Appcals and donations Other income 24,519 12,832 857 49,646 2.256 51,902 38,208 Other trading oLtivitié.s Grants - other agencies 1,874 1,874 Other income Gift Aid tax reclaimed Interest on cash deposits (Profit)/loss on sale of tangible fixed assets held for charity's own use 5,705 12 6,074 1,508 5,717 7,586 Raisingfunds Purchases Telephone and fax 317 516 833 Charilable activities Wage5 and salarie5 Light, heat and power Insurance 24,200 1,784 24,600 1,234 500 916 1,000 500 310 Insurance 945 5,080 Equipment repairs and renewals Youth activities Youth activities Computer software and maintenance costs Sundry expenses Motor expenses Motor expenses Speakers 216 786 702 254 225 1,440 This page does not forni part of the stamtory financial stateTnents. Pagc 21
Mourne Gospel Fellowship Detailed Statement of Financial Activities for the Year Ended 31 October 2023 (continued) Total 2023 Total 2022 Bank charges Bank charges 38 117 101 34,777 30,171 Other expenditure Water rates Printing, postage and ststionery 80 321 323 91 644 This page does not forni part of the stamtory financial stateTnents. Pagc 22