MUFULIRA ORPHANED CHILDREN STATEMENT OF FINANCIAL ACTIVITY {Re¢eipts and Payments A¢¢ount) For the year ended 31 May 2024 Note Unrestrirted Funds Re5trirted Funds Total Funds 2024 Total Funds 2023 Income and Endowments frorn: Donations and legacie5 Totsl 29,612 29.612 29.612 29.612 24,779 24,779 Expenditure on: Charitable activitles Total 31.214 31.214 11.6021 31,214 31,214 11,6021 23,117 23,117 1,662 Net Income/lexpendlture} Transfers between fund5 Net movement in funds 11,602} 11,6021 1,662 Reconclllatlon of fund5: Total funds brou8ht forward Total funds carrled forward 3,310 1,708 3,310 1.708 1,648 3,310
MUFULIRA ORPHANED CHILDREN STATEMENT OF ASSETS AND LIABILITIES As at 31 May 2024 Flxed Assets There are no fixed assets held by the charity. Investments Theie are no Investments held by the charlty. Amounts owed At the end of the year the following amounts were owed to the charlty 2024 2023 Glft Aid 2,161 2.161 1,521 1,521 Cash and bank balances 2024 2023 Current Account 670 670 1.815 1,815 Amounts owed 2024 2023 Accountancy 600 600 600 600 Approved by the trustees ot a meeting on 21 November 2024 and signed on its behalf by Rea Mcmillan Trustee
MUFULIRA ORPHANED CHILDREN NOTE5 TO THE ACCOUNTS 31 May 2024 ACCOUNTING POUCIES BASIS OF FINANCIAL STATEMENTS A5 the total income of the charity is less than £250.000 the charlty has elected In accordance wlth the provlslons In The Chorlties Accounts and Reports Re8ulations INorthern Irelandl 2015 to prepare its accounts on a receipts and payments basis. FUND ACCOUNTING Endowment fund5 a fLFnd5, the capitsl of which must be retalned elther pérmanently or at the charitfs discretion,. the Income derived from thè Èndowment is to be used elther as restrlcted or unrestricted income funds depending upon the purpose for which the endowment was e5tabllshed in the first place. Restricted funds comprlse (al income from endowments which 15 to be expended only on the restrlcted purposes 5ntended by the donor and {bl revenue donations or grants for a Specific activity intended by the donor. where these funds have unspent balances. Interest on thelr pooled Investment Is apportioned to the individual funds on an average basts. Unrestricted funds are Income funds whkh are to be spent on the Charirfs general purposes. Deslgnated funds are general funds set aslde by the charity for use in the future. DONATIONS Unrestricted Funds Restrlrted Funds Total Fund$ 2024 Total Funds 2023 Donations Gift Aid 26,496 3,116 29.612 26.496 3,116 29,612 21,614 3,165 24,779 CHARtTABLE ACTIVITES Unre5trlrted Funds Restricted Funds Total Fund$ 2024 Total Funds 2023 Charitable running expenses 31.214 31,214 23,117 31.214 31,214 23.117
MUFULIRA ORPHANED CHILDREN NOTES TO THEACCOUNTS Iconvdl FUND BALANCES Unrestrirted Funds 2024 2023 General fund 1,708 1,708 3.310 3,310 Reconclllatlon of movement of lunds Openin£ balance Income Expenditure Transfer Closlng balance Unrestrlrted Funds General fvnd 3,310 29,612 (31,214) 1,708 Total 3,310 29.612 131,214) 1,708