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Annual Statement of Accounts
For the year 6[th] April 2023 to 5[th] April 2024
Treasurer’s Report for the period 06 April 23 to 05 April 24
Treasurer’s Report
We acknowledge that as a charity we generate no income from our own assets.
The Trust relies on free-will offerings and gifts donated to us by interested individuals, churches, other charitable organisations, recognised grant making bodies and reclaim of gift aid. This is reflected in our accounts. We have no intention of using professional fundraising consultants.
We wish to express our thanks to everyone that made a donation or gift to us. It is truly ‘an offering made unto the Lord.’ We desire that the Lord Jesus Christ will bless your generosity to us and those we seek to serve in other countries.
We acknowledge the commitment of the trustees and volunteers to the work of the trust, displayed in their willingness to refund their eligible expenses and travel costs back. This has allowed a greater percentage of our funding to be directed to the activities of the Trust, allowing us to minimise our running and administration costs.
The Treasurers report accounts for the period 6th April 2023 to 5th April 2024 (a copy of the accounts for this period has been attached)
The following is a summary for that period:
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The SSM account(s) had a combined opening balance of £ 14,198.10 carried forward from the previous year.
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To this an amount of £ 31,172.99 was added by way of receipts. The detail of monies received is contained within the attached accounts.
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This produced a total of £ 45,371.09 (balance + receipts)
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Payments totalling £ 36,267.72 were made, the detail of which is contained in the attached accounts.
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This left a closing balance across both accounts of £ 9,103.37 , made up of £5,000.00 of restricted funds and £4,103.37 of unrestricted funds across the two accounts.
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The closing balance was carried forward and formed the opening balance for the accounts for 2024/ 2025.
We own no physical assets nor physical liabilities. Detail of the sources of income and payments made is contained in the SSM Charity Account and “The Venue” Sub Account.
Correspondence Address: 41, Burnquarter Road, Ballymoney, Co. Antrim, BT53 7DL Northern Ireland, UK
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1. SSM CHARITY ACCOUNT SUMMARY FOR 2023/2024
| OPENING BALANCE at 06 April 23 | 11,826.16 |
|---|---|
| RECEIPTS: | |
| Receipts through Bank Account (YTD): | 11,746.57 |
| Receipts from Trustees for direct expenditure | |
| on charity gifts, activities & projects: | 10,312.32 |
| Receipts from Volunteers for direct expenditure | 000.00 |
| on charity activities & projects: | |
| Receipts from Trustees for ‘out-of-pocket’ expenses: | 169.10 |
| TOTAL RECEIPTS (Balance + Receipts): | 34,054.15 |
| PAYMENTS: | |
| Payments through Bank Account (YTD) | 17,309.08 |
| Direct Payments by Trustees on behalf of charity- | 10,312.32 |
| Gifts, Activities & Projects: | |
| Direct Payments by Volunteers on behalf | 000.00 |
| of charity- activities & projects: | |
| Trustees ‘out-of-pocket’ expenses paid: | 169.10 |
| TOTAL PAYMENTS (All) | |
| 6,263.65 | |
| SSM CLOSING BALANCE at 05 April 24 |
SSM FUNDS @ 05 April 24
Restricted funds. Agreed by Trustees
Unrestricted funds
| Detail | Amount |
|---|---|
| Insurance, NI Power, Bank Fees | 1,500.00 |
| For Serbia/Montenegro (DB) | 2,500.00 |
| Total | 4,000.00 |
| Available Funds | 2,263.65 |
SSM Charity Account Total Funds 6,263.65
Correspondence Address: 41, Burnquarter Road, Ballymoney, Co. Antrim, BT53 7DL Northern Ireland, UK
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2. “THE VENUE” SUB ACCOUNT SUMMARY FOR 2023/24
| OPENING BALANCE at 06 April 23 | 2,371.94 |
|---|---|
| RECEIPTS: | |
| Receipts through Bank Account (YTD): | 8,945.00 |
| Receipts from Trustees for direct expenditure | |
| on charity gifts, activities & projects: | 000.00 |
| Receipts from Volunteers for direct expenditure | 000.00 |
| on charity activities & projects: | |
| Receipts from Trustees for ‘out-of-pocket’ expenses: | 000.00 |
| TOTAL RECEIPTS (Balance + Receipts): | 11,316.94 |
| PAYMENTS: | |
| Payments through Bank Account (YTD) | 8,477.22 |
| Direct Payments by Trustees on behalf of charity- | 000.00 |
| Gifts, Activities & Projects: | |
| Direct Payments by Volunteers on behalf | 000.00 |
| of charity- activities & projects: | |
| Trustees ‘out-of-pocket’ expenses paid: | 000.00 |
| TOTAL PAYMENTS (All) | 8,477.22 |
| “THE VENUE” Sub Account CLOSING BALANCE | |
| at 05 April 24 | 2,839.72 |
Restricted funds.Agreed by Trustees |
|
| Detail | Amount |
| Contingency | 1,000.00 |
| Total | 1,000.00 |
| Unrestricted funds | |
| Available funds | 1,839.72 |
| “THE VENUE” Sub Account Total Funds | 2,839.72 |
| Accounts completed by David Brown (Treasurer.) | |
| Signed on behalf of the trustees: | |
| ________ | |
| Val Stewart | |
| Chairman of Trustees |
Correspondence Address: 41, Burnquarter Road, Ballymoney, Co. Antrim, BT53 7DL Northern Ireland, UK
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Correspondence Address: 41, Burnquarter Road, Ballymoney, Co. Antrim, BT53 7DL Northern Ireland, UK