MUFULIRA ORPHANED CHILDREN STATEMEirf OF FINANCIALAUIVITY (Recelpts and Payments Accountl Forthe year ended 31 May 2023 Unrestricted Funds Restrlcted Funds Total Funds 2023 Totsl Funds 2022 Income and Endowrnents from: Donations and legaeies Total 24,779 24,779 24,779 24,779 20,867 20,867 Expenditure on: Charltablè activltles Total 23,117 23,117 1.662 23.117 23,117 1.662 22,282 22,282 11,4151 Net Incomellexpendlture) Transfers between funds Net movement In funds 1.662 1,662 11,4151 Reconc51iation of lunds: Total funds brought forward Totsl funds carrled fonvard 1.648 3,310 1,648 3.310 3.063 1,648
MUFULIRA ORPHANED CHILDREN STATEMENT OF ASSETS AND IIABIUTIES As at 31 May 2023 Flxed AssÈt5 The are no fixed assets held by the charity. Investments There a no Investments held by the charity. Amounts ¢7w•d At the end of the year the followlng amounts were owed to the charlty 2023 2022 Glft Ald 1,521 1,521 1,495 1.495 Cash and bank balances 20Z3 2022 Current kcount 1.815 1,815 153 153 Amounts owed 2023 2022 Accountancy 600 600 480 480 Approved by the tru5tee5 at a meeting on 12 October 2023 and slgned on its behalf by Rea Mcmlllan Trustee
MUFULIRA ORPHANED CHILDREN NOTES TO THE ACCOUNTS 31 May 2023 ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS As the total income of the charlty is less than £250.(KK) the charity has elected in accordance with the provisions In The Charities Accounts and Reports Regulations (Northem I13nd) 2015 to prepafe its accounts on a recÈipts and payments ba51s. FUND ACCOUNTING Endowment funds are funds. the capital of whlch must be taIned elther permanently or at the charlV5 dlscretion; the Income derived from the endowment is to be used either as restricted or unrestrlcted Income funds dependin8 upon the purpose for whlch the endowment was establlshed In the first place. Restricted funds Comprlse la) in¢ome from endowments which is to be expeftded only on the restrlcted purposes Intended by the donor and (bl revenue donatlons or 8rants for a specific actlvlty Intended by the donor. Where these funds have unspent balances, Interest on thelr pooled Investment Is apportioned to the indivldual funds on an average basis. Unrestricted funds are income funds whlch are to be spent on the charltls general purposes. De51gnated fund5 are general funds set aslde by the charity for use In the future. DONATIONS Unrestrlrted Funds Restrlrted Funds Tot Funds 2023 Total Fund$ 2022 Donatlon5 Gift Ald 21.614 3,165 24.779 21.614 3.165 24,779 19,372 1,495 20.867 CHARITABLE AcfiviTES Unrestrlcted Funds Restrlcted Funds Totsl Funds 2023 Total Funds 2022 Charitable runnln8 expenses 23,117 23.117 22,282 23.117 23,117 22,282
MUFULIRA ORPHANED CHILDREN NOTES TO THE ACCOUNTS Icont'dj FUND BALANCES Unre5trirted Funds 2013 2022 General fund 3,310 3,310 1,648 1,648 Reconclllation of movement of fynd$ Opening balance Income Empendlturè Transfer C1051ng balance Unrestrlcted Fund5 General fund 24,779 {23.117) 3.310 Total 1,648 24,779 123.1171 3,310