MUFULIRA ORPHANED CHILDREN
STATEMENT OF FINANCIAL ACTIVITY {Receipts and Payments Account}
For the year ended 31 May 2025
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|||||||||
|---|---|---|---|---|---|---|---|
|Note|Unrestricted|Restricted|Total|Funds|Total|Funds|
|Funds|Funds|2025|2024|
|£|£|£|£|
|Income|and|Endowments|from:|
|Donations|and|legacies|2|23,476|-|23,476|29,612|
|Total|23,476|-|23,476|29,612|
|Expenditure|on:|
|Charitable|activities|3|22,071|-|22,071|31,214|
|Total|22,071|-|22,071|31,214|
|Net|Income/{expenditure)|1,405|-|1,405|(1,602)|
|Transfers|between|funds|-|-|-|-|
|Net|movement|in|funds|1,405|-|1,405|(1,602}|
|Reconciliation|of|funds:|
|Total|funds|brought forward|4|1,708|-|1,708|3,310|
|Total|funds|carried forward|3,113|-|3,113|1,708|
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MUFULIRA ORPHANED CHILDREN
STATEMENT OF ASSETS AND LIABILITIES
As at 31 May 2025
1. Fixed Assets
There are no fixed assets held by the charity.
2. Investments
.
There are no investments held by the charity.
3. Amounts owed
At the end of the year the following amounts were owed to the charity
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| GiftAid | 1,678 | 2,161 | |
| 1,678 | 2,161 | ||
| 4. | Cash and bank balances | ||
| 2025 | 2024 | ||
| £ | £ | ||
| CurrentAccount | 1,617 | 670 | |
| 1,617 | 670 | ||
| 5. | Amounts owed | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Accountancy | 600 | 600 | |
| 600 | 600 |
Approved by the trustees at a meeting on 24 October 2025 and signed on its behalf by
Rea McMillan
Trustee
Mos. Chillae.
ll
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MUFULIRA ORPHANED CHILDREN
NOTES TO THE ACCOUNTS
31 May 2025
1. ACCOUNTING POLICIES
BASIS OF FINANCIAL STATEMENTS
As the total income of the charity is less than £250,000 the charity has elected in accordance with the provisions in The Charities Accounts and Reports Regulations (Northern ireland) 2015 to prepare its accounts ona receipts and payments basis.
FUND ACCOUNTING
Endowment funds are funds, the capital of which must be retained either permanently or at the charity’s discretion; the income derived from the endowment is to be used either as restricted or unrestricted income funds depending upon the purpose for which the endowment was established in the first place.
Restricted funds comprise (a) income from endowments which is to be expended only on the restricted purposes intended by the donor and (b) revenue donations or grants for a specific activity intended by the donor. Where these funds have unspent balances, interest on their pooled investment is apportioned to the individual funds on an average basis.
Unrestricted funds are income funds which are to be spent on the charity's general purposes. Designated funds are general funds set aside by the charity for use in the future.
- DONATIONS
| Unrestricted Funds | = Restricted Funds | =Total Funds2025 | Total Funds2024 | ||
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| Donations | 21,082 | - | 21,082 | 26,496 | |
| GiftAid | Aid | 2,394 | - | 2,394 | 3,116 |
| 23,476 | - | 23,476 | 29,612 | ||
| 3. | CHARITABLE ACTIVITES | ||||
| Unrestricted Funds | _—RestrictedFunds | TotalFunds2025 | _—‘Total Funds2024 | ||
| £ | £ | £ | £ | ||
| Charitable runningexpenses | 22,071 | - | 22,071 | 31,214 | |
| 22,071 | - | 22,071 | 31,214 |
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MUFULIRA ORPHANED CHILDREN NOTES TO THE ACCOUNTS (Cont'd)
- FUND BALANCES (i) Unrestricted Funds
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| £ | £ | ||||
| General fund | 3,113 | 1,708 | |||
| 3,113 | 1,708 | ||||
| (ii) | Reconciliation ofmovement offunds | ||||
| Openingbalance | Income | Expenditure | Transfer | Closingbalance | |
| £ | £ | £ | £ | £ | |
| Unrestricted | Funds | ||||
| Generalfund | 1,708 | 23,476 | (22,071) | - | 3,113 |
| Total | 1,708 | 23,476 | (22,071) | - | 3,113 |
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