GLASTR Y PRESBYTERIAN CHUIICH TRU.ST FUND Statemeiit of Financial Activities FOR THE YEAR ENDED S APRIL 2024 514124 Total funds 514123 Total funds Unre5trieted funds Capital Funds INCOME AND ENDOWMENTS FROM Invesuncnt iiicoine 64,896 64,896 66,785 EXPENDITURE ON Charitllble aLtivitie Cliaritablc Activity 65,841 65,841 55,416 Oilier 8,923 Total 65,841 65,841 64,339 NCL g<iins/llobSL5) on inveslmeiils 11,136 11,136 1232.809) I ET INCOMEI(EXPENDITURE) (945) 11,136 10,191 (230,363) RECONCILIATION OF FUNDS TolLII Iiiiids biouglil Iuiv¢U 2,680 1,712,142 1,714,822 1,945,185 TOTAL FUNDS CARRIED foRWARD 1,735 1,723,278 1,725,013 1.714.822 The notes form Pdrt of these fJnancial statements
GLASTIIY PRESBVTERIAN CHURCH TRUST FUND Balance Slieet S APRIL 2024 514124 Total funds 514123 Total funds Notes NON-CURRENT ASSETS InvL.sLnienis ,723,278 1.712,142 CURRENT AS.%ETS Fjcbtors 1,735 2,680 NET CURRENf ASSETS 1.735 2,680 TOTAL ASSETS LESS CURRENT LIABILITTES ,725,O13 1.714,5122 NET ASSETS 1,725,013 1,714,822 FUNDS Uiii'estrictcd fidS.. Geiieral fuiid Capital Fuiids 1,735 1,723,278 2,6811 1,712,142 ,725,013 1,714,822 TOTAL FUN'DS ,725,013 1.714.822 T5)c fiiiancial stateinci)Is were approved by Ilic Board of Trustees aiid aiitliorised tor issue 011 30 Jaiiuaiy 2025 aiid w¢re signed on ils belialf by.. C Haddick - Trustee Tlie notes fonn p of tliesc financial statein¢nts'
GLASTRY PRESBYTERIAIY CHURCH TRUST FUND Note5 to the Financial Statements FOR THE YEAR ENDED 5 APRIL 2024 ACCOUNTING POLICIES Basi5 of preparing the financial statcmcnts Tlie tinaiicial stateineiils of tlie cliarity, wlii¢li is a public beiiefil eiility uiider FRS 102, liavc beeii prcpared iii accoi-daiice willi the Chdrities S()RP IFRS 102) 'Accouiiiiiig aiid Reportiiig by Cliurities.. Stateineiit of Rc¢oniii)eiided PrilCLice applicable Lo cliai'ilie5 pr¢pai-iiig ilicii. accouiils iii accordaiice witli Ili¢ Fiiiaiicial Reporliiig Stsiiddrd applicable iii tlie UK aiid Republic of Srelaiid (FRS 102) (effective l Jiiliualy 2019),. Fiii&ncial Rcpurling Standard 102 'Tlic FiiiaiiLltil Repoitiiig, Siandard appliLdble iii tlie UK and Repiiblic or Irelaiid, aiid (he C,hai'ities Act 2011. The fiiiaiicial stateiiieiiLs liave beei) prepared u11der tlie historical cost LunvLnlion. willi Lli¢ LXLLPtion of invcslnienls wliicli arL illLluded ill Inarkel valu¢, as niodified by tlic i'evaluaiion of certaiii as.sets. Income All incomL is reLogniscd in tlit Sialcmtinl of Financial ALlivitiLS oncc Ihc Lharity ha5 Lnliilenicnt lo tlic nds. il i,s prnbable tliat the iiicome will be received and the ainouiit can bc Incasured reliably. Eypenditure Liabililics dro i-CLognised ii s cxpLnditurc as soun as Ihei'c is d legal or coiistructivc obligJdlion coiiimillii)g thc cliarity to that expenditurc. il is probable that a Ii'aiisfer of ccononiic bcnefits will bc i-cquired in scttlcinciit aiid tho ainLiunt of the obligsdlion can bc Inca.8ured irliably. Expenditul'c Ib dCLouiilcd for on an acLruals bdSLS and ha% becii claqsificd uiider lieadiiibrs Lliai aggYi-egTalc all cost Irlatcd (o tlie CL1tcgoiy. Wlicrc costs caiiiint he dii-cctly dllributed to p&iliLulai' h¢adiiigs thcy h(Lve been alloLdled to activities on a basis Lonsi.stcnt witli thc use of IfSOlll'C¢S. Txxation The LhaLity is excmpt fiDm tax on its chdiitabl¢ dLtiVlties. Fund aceountlng Uiii'esti"iclcd tiinds can bc used in accordaiicc with Ilic cliaritable objLclives at the discretion of tlic Ini.slees. Restricted tiinds can Oiily bo iiscd foi. P1L Iti¢LIILlr reslrictcd piirposcs wiihiii Ilie objccls of tlie cliarity. Resii'iciions arise wlien specified by tlie donoi. or wh¢n fuiids al'e idised for particulai. restr'icted pui'poses. Further explanation of the nature and purpose of each fund is included in the iiotes to the financial statements. INVESTMENT INCOME 514124 Unrestricted funds 514123 Total funds Curi- dsscl Lnv incoine 64.896 66.785 coiiliiiued...
GLASTRY PRESB yTERIN CHURCH TRUST FUND Note5 to the Financial Statements - continued FOR THE YEAR ENDED S APRIL 2U24 TRUSTEES, REMUNERATION AND BENEFITS £Nil12023.. £Nill of salaries dnd wages have beeii paid to tlie eniployees dui-iiigJ tlie year. Trustee expeiises of £8,945 have beeii iiicun'ed iii the yeai. lo 5 April 21124. Activities uiidcrtakeii dirccily ot £65.841 rcpi'e.sen( buildiiiLT cosLS paid directly ta Glastry Pirsbytei'ian Church. Supiiort cost ot £11,945 iiicludes £11,000 for Ilie adrniiiistittioii of Ilie trLiSt aiid £945 for llccouiitaiicy fces. Trustee5' expenses 514124 514123 Tnislees, expciises 8,923 NON-CURRETrIT ASSETS Listed investment MARKET VALUE At (i Api-il 2023 ReclassifiLdlionliraiisfer 1,712,142 11,136 At 5 April 2024 1.723,278 BOOK VALUF. Al 5 Api'il 2024 1,723,278 Ai 5 April 2023 1,712,142 Tlierc wcrL iio invesimkniil iissels oiilsidc Ilie UK. DEBTORS: AMOUNTS FALLING DUF. WITHIN ONF. YF.AR 514124 514123 Oilicr debtors 1,735 2,680 ANALYSIS OF NET ASSETS BETWEEN FUNDS 514124 Total funds 51412.3 Total funds Unrestricted funds Capital Jnvesliiienls Current Assets 1,723,278 1,723,278 1,712,142 2,680 1,735 1,723,278 1,725,013 1,714,822 coiitiiiued...
GLASTRY PRESB YTERIAN CHUIICH TRUST FUND Note5 to the Financial Statements - continued FOR THE YEAR ENDED S APRIL 2024 MOVEMENT IN FUNDS Net movement in fund At 514124 At 614123 Unrestrieted fund5 (Teneral fvnd Capital Fiinds 2,680 1,712,142 (1)45) 11,136 1,7.35 1,723,278 ,714,1122 10,191 1.725,013 TOTAL FUNDS 1,714,822 1,725,013 Net movemciil iii nds, included iii tlie above are as follows.. Incoming resource5 Re50llrees expended Gains and 1055es Movement in funds Unrestricted funds GciiLial fund Capiial Funds 64,896 (65,841) (945) 11,136 11,136 64,896 (65,841) 11,136 10,191 TOTAL FUYDS 64,896 (65,841) 11,136 10,191 Comparatives for movement in funds ]Net movement in fund5 At 514123 At 614122 Unrestricted funds Geiiei'al flliid Cc1Pltal Fiiiids 234 ,944,951 2,446 {232,809) 2.680 1,712,142 1,945,185 (230.363) 1,714,822 TOTAL FUNDS 1,945,185 1230,363) 1,714.822 COlltii)ued...
GLASTRY PRESB YTERIAN CHURCH TRUST FUND Notes to the Financial Statements- continued FOR THE YEAR ENDED 5 APRIL 2024 MOVEMENT IN FUNDS- continued Lompaixlive net niovenieiii in fuiids, included iii the above air as follows.. Incoming rebiiurces Resources expended Gxins and losses Movement in fund Unrestsictcd funds GciiLI'al luiid Capital Fuiids 66,785 (64,3391 2.446 (232,809) {232,8119) 6().785 (64.339) (232,8119) (230,363) TOTAL FUND.S 66,785 (64.3.39) {232,8n9) (230.16.3) A cuni'nt year 12 ITionths and prior ycar 12 Inonth.s coiiibiiicd position is as follows.. Nct movement in funds At 514124 At 614122 Unre5ti-Ictcd funds GLlILI'al fuiid Capital Fui)ds 234 I,Y44,951 1,501 (221,673) 1,735 1,723,278 1,945,185 (220,172) 1,725,013 TOTAL FUNDS 1,945,185 {220.172) 1.725.013 A Lurront ycar 12 monthb aiid prior y¢ar 12 months ¢oinbined net movemcnl in funds, inLludcd iii thc above are as tollows.. Incoming resource5 Resources expended Gain5 and 1055es Movement in t'ui)ds Unrestricted funds Geneidl fund Capital Fuiids 131,681 (130,180) 1,501 {221.6731 (221.673) 131,681 (130,180) (221.673) (220,172) TOTAL FUNDS 1.31,681 (130,180) (221.673) (220.172) contiiiued...
GLASTRY PIiESBYTERIAY CHURCH TRUST FUND Notes tu the Financial Statements - continued FOR THE YEAR ENDED S APRJL 2024 RELATED PARTY DISCLOSURES There were no related paity Ii'an4aclions for the year ended 5 April 2024. 10