REGISTERED COMPANY NUMBER: N1040259 (Iyorthern Ireland) REGISTERED CHARITY NUMBER: 103411 Report of the Trustees and Financial Statements for the Year Ended 31 July 2023 for Crown Jesus Minislries (A Company Limited by Guarantee) Mccleary & Company Ltd Chartered Accountants Garvey Studios 14 Longstone Street Lisburn Co. Antrim BT28 ITP IUlllllllN , *ADOXEIT6' 1310412024 COMPANIES HOUSE A10
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Crown Jesus Ministries Contents of the Financlal Statements for the Year Ended 31 July 2023 Page Report of the Trustees Independent ExAminer's Report Statement of Flnan¢ial Activities Balance Sheet 9 to 10 Notes to the Flnantlal StAtement$
Crown Jesus Ministries Report of the Trustees for the Year Ended 31 July 2023 The trustees who are also directors of the charity for th¢ purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 July 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJECTIVES AND ACTIVITIES Our Vislon Crown Jesus Ministries was birtbed in May 1999 with an all Ireland 32 county vision, 'to see the people of Ireland crown Jesus Lord of their lives,. Their aim is to communicate Jesus in a relevant way through teams of staff and volunteers active iti children's, youth, student, adult and special education ministries. These tean deliver across Jreland and beyond in both a digital and physical way. The strategy is to not only be active in evangelism but to identify, raise up and equip evangelists across Ireland and to serve the local church in evangelism and training. Their reach may extend beyond the island of Ireland but only if it adds value to their vision on it. The ministry's HQ is based in Belfast. they bave offices in Dublin and work out of their mission centres, Hope Monaghan and Hope Chapel Lane, in Belfast City Centre. We choose to go: Our Mandate Inspired by JFK'S moon speech in 1962, Cro1 Jesiis have challenged themselves to a mandate of their own. In January of 2020, they committed that by th¢ end of the decade, they would go into all 32 counties of Ireland, ensuring that everyone has th¢ opportunity to receive and respond to ihe transfom)ing message of Jesus Christ and the hope He brings. For more on the mandate visit www.crownjesus.0roUr-st0ry Page I
Crown Jesus Ministries Report of the Trustees for the Year Ended 31 July 2023 OBJECTIVES AND ACTIVITtES Our activities To achieve their vision, the ministy delivers a variety of programmes and events and provides training and resources, some of which are detailed below. Klass Kids The children's department delivers bible-based prograrnmes in schools and churches to primary school aged children. They visit schools (including SEN) to take school assemblies, teach RE classes or run afterschool lubs and visit church GBIBB groups, Sunday schools and participate in church services. Uslng puppets, alongside creative digital media and storytelling, the team reaches thousands of children each year. Crown Jesus Youth The youth department partners with Christian school teachers and youth leaders to deliver programmes that are culturally relevant and bible-based. Iway is an initiative for post-primary schools ihat seeks to engage the whole school through a series of special events and Classroom workshops leading to an evening outTeach ¢vent. Additionally, curriculum based RE classes can be delivered in-person or through resources on CJMedia. HUB is an event bi-annually for church youth groups to come together and connect through worship. teaching and ministry. The team also deliver evangelism training. Adult Evangelism Th¢ adult department works alongside churches to siipport, train. and equip in evangelism. This ranges from partner church projects with an individual church or a group of churches, to delivering evangelism training in-person or online, to helping churches develop missional strategies. The School of Evangelism provides teaching and training for groups and individuals delivered in-person and online. Evangelists from across Ireland are encouraged to meet together for teaching and fellowship at the annual Evangelists, Gathering. Academy The Crown Jesus Academy provides young people with an opportunity to develop their faith and skills and experience ministy through our 'year out, programme. An additional year can be taken focusing on a specific thread of the ministy with encouragement to develop their own programme. CJMedia (cjmedia.online) Launched in October 2020, this resource website provides relevant resources, training and teaching material for school teachers, ministers, kids, youtb workers and many others. The resources include videos, worksheets. keynotes and live streams, produced by the in-house team or in partnership with other organisations. All resources are free of charge after registration is completed. Hope Monaghan Hope is a Missional Community Centre in Monaghan which offers practical Christian love through foodbank, soup lunches, prayer ministry and an after-school café for teenagers. It runs in partnership wilh a local church. Page 2
Crown Jesus Ministries Report of the Trustees for the Year Ended 31 July 2023 oBJEcTEs AND ACTIVITIES Hope Chapel Lane Situated in the heart of Belfast City Centre, this missional hub is open Monday to Friday as the team work in partnership with a variety of agencies offering practical help and support with a focus of pointing people to Ihe transfomiing love of Jesus. Previously Be Street Presbyterian, Hope Chapel Lane is a place to worship, serv¢, learn, and pray with a focus on revival and mission. A typical week involves street evangelism and prayer on Monday, Teen Challenge partnership on Wednesday, Friday and Sawrday, Revival Now gatherings on Thursday evenings and a Prayer Healing Clinic on Friday. Highlights from August 2022 - July 2023 What an incredible year of ministry; there is so much to be thankfijl for. Our Youth and Kids programmes are back to full capacity, our partnerships with churches in ROI has significantly increased and our digital presence is growing. Klass Kids puppet assembly programmes were delivered in 51 schools - 43 Primary Schools (260/0 new scbools) and 8 Special Educational Needs Schools (250/0 new schools}. The youth team visited over 30 different schools and delivered over 50 teaclll'ng sessions in SU groups with a new series Spoiler Alert. Delivered 12 full-day evangelism training days, across I I counties in ROI. Delivered 2 puppel training events to equip children's teams in churches. Klass Kids delivered 40 sessions of their afterschool programme in 6 different schools. Delivered the 5 week 'Apologetics for Everyone, training course. Officially opened The Mill Studios. Dadcamp ran at Crawfordsburn Scout camp with 2 daycamps for Dadslsons and DadsaughterS. SHINE ran across the UK and Ireland with over 350 different schools and churches signing up and a potential reacb of over 10,000 young people engaging with the resources. There were even sign ups from across the World in America. Australia and South Africa. Shine Kids partnership with Scripture Union Northern Ireland, saw over 50 schoolteacherslchurch leaders signed up to use the 5-week resource. Delivered a l O-session custom evangelism training course online for the Elim Leadership Academy, for people throughout Ireland, UK and several in Africa. Partnered with Doagh Methodist to run a three-day holiday Bible club in August, a community fun day in September and a 6-weck programme in the local primary school in OCtober0vernbcr. Partnered with Ballygomartin Presbyterian to help them re-establish the children's ministy within their church. This included partnering with 4 local primary schools delivering programmes over a 2-week period and each Child invited along to a church community fun day at the end of this outreach, taking part in their Easter community fun day, and delivering a 5-week evening programme. 157 different children attended over the course of all these programmes helping them to start their own bi-weekly children's ministry, commencing in September 23. Ran three IWAY youth events.. - North Coast Integrated School partnering with 7 local churches and 2 organisations. Engaged with 500 pupils across the week with 17 pupils responding at tbe evening event. We set up SYNC (a weekly faith group meeting) in the school with arold 50 attending every week. This is continuing to be run by local youth workers. Priory Integrated College partnering with 4 local churches and 3 organisations. Engaged with 800 pupils. We set up PULSE (a weekly faith group meeting) in the school with around 40-50 attending each week. This continues to run with the help of teachers and local church support. - Lisburn City in partnership with S1(xal schools. 350 young people attended, and 68 young people responded. Page 3
Crown Jesus Ministries Report of the Trustee$ for the Year Ended 31 July 2023 OBJECTIVES AND ACTIVITtES Ran our annual 'Evangelists' Gathering,, with 30 evangelists in attendance. Our keynote speaker was Greg DoleS. Partnered with YFC to lead the Alternative Tent at Summer Madness, with many young people receiving prayer and responding to the gospel. Partnered with Kl 80 to deliver a street evangelism training day in HOPE Chapel Lane. Delivered evangelism tiaining for the CCI Movernent Young Adult Conference in Dublin. Filmed and produced kids and youth Christmas resources for the Boys Brigade. HOPE Chapel Lane - Revival Now Gatherings occurred most Thursday evenings, with a diverse group of people (both Christians and non-Chri5tians) coming to worship, receive prayer, and hear preaching, with many choosing to put their trust in Jesus. Ran a mini I WAY event in DTogheda alongside New Life Family Church. Completed filming of our new Jesus Plus One teaching series for CJMedia to resource schoolteachers with syllabus tea¢'ng. Klass Kids ran several different programmes during 31 church visits - wilh BBIGB companies, community fun days, Easter outreach programmes, and a variety of children's church meetings. Ran 3 HUB youth events with between 150-200 young people attending each event. Re-launched the Hope Prayer Healing Clinic at Chapel Lane. Facilitated 3 meetings in partnership witb 6 oiher organisations who work in post primary schools across Ireland with a view to producing a gospel centred resource for schools. Our annual Christmas Productions saw over 800 children, teachers and church leaders attending over 6 shows. Christmas 'Gift Tag, ¢vangelistie initiative with churches from at least 7 counties in ROJ utilising the resource. Digital content available on both TBN UK and God TV. Filmed two programmes at God TV and planned for new content to be filmed in Autumn. Launched our brand new clothing range, Every Soul available through our online store. During one week in March we presented the gospel through 38 events to approx. 3.500 people and saw 142 people respond io the gospel for the first time or as a recommitment. Produced 'These Three Words,, an Easter video resource for schools and churches. Our Academy programme hosted one inlern who focused on the Media stream. Hosted one placement student, Gemma, from Belfast Bible College and two placement students from Stanmillis, Krista and Jessica. Completed the refurb of our Dublin Offices and officially opened them at the end of February. Held a reunion for Academy students from over the last 17 years. Evangelistic outreaches in partnership with churches in Lisburn, caduff, Portadown and Rathcoole. Tbese events included breakfasts, evening events and gospel missions. Many responded by placing their iTUSt in Jesus and testified io receiving healing. Launched our brand new Trlext Steps, booklets, a resource to help young people beginning their journey with God. Started a new partnership with Leading the Way to deliver a large scale evangelistic event in both Belfast and Dublin in September 2023. The ministy is thanthl for the ongoing and iegular financial support received from individuals and chutches. The ministry would also like to extend thanks to the following Trusts and Donors who hav¢ supported them during this financial year, many who wish to remain anonymous, but including Dadcamp USA, Good News Evangelical Trust, Solomon Trust. and Lynas Charitable Trust. Page 4
Crown Jesus Mini$trie$ Report of the Trustees for the Year Ended 31 July 2023 Our team Hello and welcome: Olga Mullarkey- Head of Partnership and Training Isaiah Solomon - Administrator, promoted to Otyice and Facilities Coordinator Barry Weir - Church Relations Coordinator (in partnership with LTW) Paula Murphy-Gibson - PA to Milch Carina Moorland - Administrator Goodbye and thank you: John Marcus Ndege - Evangelist The ministy wishes to thank John Marcus for his evangelistic passion as h¢ served at Hope Chapel Lane. Louise Stephenson - Administrator The ministry wishes to thank Louise for her hardwork and servant heart as she ensured the smooth running of everything she put her hand to. Richard Kernohan - Finance and Operations Manager After 17 years of service the ministry wishes to especially thank Richard for everything he bas invested into the ministy as an intern, running the kids, team, as Operations Manager aiid part of the leadership team. He helped shape the culre and strategic direction of the ministry and brought so much joy to the team. Thank you. Public Benefit Requirement The Trustees have had regard to the public benefit requirement statutory guidance of The Charity Commission for Northern Ireland. FINANCIAL REVIEW Financial position At 31 July 2023 the total ftds of the Ministy amounted to £511,720 (2022..£545,028) comprising Unrestricted Funds of £400,285 (2022: £447,200) and Restricted Funds of £111,435 (2022: £97,828), Reserves policy The trustees have reviewed the reserves of the Ministy. Considering the variable income and substantially fixed commitments, th¢ review concluded that to allow the ministy to be managed effectively and to ensure unintemipted delivery of the Ministy's activities, general unrestricted reserves equating to approximately six months of operational costs should be atlained. At 31 July 2023 the general unrestricted reserves were £86,450 (2022- £111,216) which is an increase but still represents less than our objective of six months operational costs. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document Crown Jesus Ministries is a company limited by guaranlee. The company was incorporated on 2 l February 2001. The company was established under a Memoiandum of Association wbich established ihe objectives and powers of the company and is governed by its Articles of Association. The liability of its members is limited in that every member of the company undertakes to contribute an amount not exceeding £10 in the event of the company being wound up. Pag¢ 5
Crown Jesu$ Ministries Report of the Trustees for the Year Ended 31 July 2023 STRUCTURE, GOVERNANCE AIYD MANAGEMENT How the Ministry makes decisions The Trustees and senior management team meet approximalely 8 times per year to set strategy, discuss significant matters, agree pay structures and review financial reports. During these meetings important decisions are made by the consensus of the Trustees. Day to day decision making responsibilities are delegated to the senior management team of Keith Mitchell, Amanda Mitchell and Steven Halliday. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number Nt040259 INorth¢rn treland) Registered Charity number 103411 Reglstered offlce 7 Calvin Street Belfast BT5 4NS Trustees Mr David Robert Edward Cleland Company Director (Tesigned 1.12.23) Mr Noman Alexander Adams Accountant Mr Michael Harrison School Teacher Dr Olwen Griffith Kerr Retired Principal Mr Robbie Frawley Chief Executive Mr Steven Thompson Charteied Accountant Ms Emily Magrath Company Owner (appointed 25.7,23) Mr Richard Magrath Managing Director (appointed 25.7.23) Mr Matthew John Kennedy Company Director (appointed 29.11.23) Company Secretary Mr David Robert Edward Cleland (resigned 1.12.23) Independent Examiner John Mccleary FCA Mccleary & Company Ltd Chartered Accountants Garvey Swdios 14 Longstone Street Lisburn Co, Antrim BT28 ITP Approved by order of the board of trustees on 20 February 2024 and signed on its behalf by: Dr Olwen Griffith err - Trustee Page 6
Independent Exarniner'$ Report to the Trustees of Crown Jesus Ministries I report on the accounts of the company foT the year ended 31 July 2023, which are set out on pages eight to seventeen. Respective responsibilities of charity trustees and examiner As the charity's trustees (and also the directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to: examine the accounts under Section 65 of the Charities Act follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Charities Act state whether particular matters have come to my attention. Basis of the independent examlner's report I have examined your charity accounts as required under Section 65 of tbe Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by ihe charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe: That accounting records were nor kept in accordance with Sellion 386 of the Companies Act 2006 That the accounts do not accord with those accounting records That the accounts do not comply with the accounting requirements of Section 396 of the Companies Act 2006 and with tbe methods and principles of the Charities Statement of Recommended Practice applicable to ¢harAties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland That there is further infonnation needed for a proper understanding of the accounts to be reached. Independent examlner's statement Since your charity's gross income ¢xc¢ed¢d £250,000 your examiner must be a member of a listed body. I can confinn that I am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in Ireland which is one of the listed bodies. I have completed my examination and have no Concerns in respect of the matters ( l ) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no ers that require drawing lo your attention. John Mc Mccleary & Company Ltd Chartered Accountants Garvey Studios l4 Longstone Street Lisburn Co. Antrim BT28 ITP 20 February 2024 Page 7
Crown Jesu$ Ministries Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 31 July 2023 31,7.23 Total funds 3l,7.22 Total funds Unrestricted Restricted funds funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 366,504 105,779 472,283 425,572 Other income Total 380,536 105 779 486,315 461,250 EXPENDITURE ON Charitable activities Charitabl¢ activities Support costs 424,266 92,172 516,438 426,038 Total 427 451 92,172 519623 429 349 NET INCOMEI(EXPENDITURE) (46,915) 13,607 (33,308) 31,901 RECONCILIATION OF FUNDS Total fijnds brought forward 447,200 97,828 545,028 513,127 TOTAL FUNDS CARRIED FORWARD 400,285 111435 511720 545 028 The notes fonn part of these financial statements Page 8
Crown Jesus Ministries Balance Sheet 31 July 2023 31.7.23 Total funds 31.7.22 Tolal funds Unrestricted Restricted funds funds Notes FIXED ASSETS Tangible assets 313,835 313,835 335,984 CURRENT ASSETS Debtors Cash at bank and in hand 15,100 83.644 15,100 195 079 8,198 241702 111.435 98,744 111,435 210,179 249,900 CREDITORS Amounts falling due within one year (12,294) (12,294) (40,856) NET CURRENT ASSETS 111435 197 885 TOTAL ASSETS LESS CURRENT LIABILITIES 400,285 111,435 511,720 545,028 NET ASSETS 400 285 111435 511720 545 028 FUNDS Unrestricted funds Restricted funds 10 400,285 111,435 447.200 TOTAL FUNDS 511720 545 028 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023. The members have not required the company to obtain an audit of its financial statements for the year ended 3 l July 2023 in accordance with Section 476 of the Companies Act 2006. The truste¢s acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records tbal comply with Sections 386 and 387 of the Companies Act 2006 and (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company, The notes fonn part of these financial statements Page 9 continued..-
Crown Jesus Ministries Balance Sheet- continued 31 July 2023 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 20 February 2024 and were signed on its behalf by: Dr Olwen Griffith Kerr - Trustee Z// Mr Nonnan Alexander Adams - Trustee The notes forn) part of these fanCIal statement8 Page 10
CrowD Jesus Ministries Notes to the Financial Statements for the Year Ended 31 July 2023 ACCOUNTING POLICIES Basis of preparing the financial statemeDts The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of treland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republi¢ of Ireland, and the Companies Act 2006. The fmancial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable ihal the income will be received and the amount can be measured reliably. Expendlture Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable thal a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs Lannot be directly attributed to particular headings they have been allocaled to activities on a basis consistent with the use of resourccs. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Freehold property Fixtures and fittings Motor vehicles Computer and studio equipment 2% oncost 200/0 on reducing balance 20 % on reducing balance 20% on cost TaxatloD The charity is exempt from Corporation tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trust¢es. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when Specified by the donor or when funds are raised for particular restricted purposes. Pension costs and other post-retirement benefits The charitable company operates a defed contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in ihe period to which they relate. Pagell continued...
Croivn Jesus Ministries Notes to the Financial Statements - continued for the Year Ended 31 July 2023 DONATIONS AND LEGACIES 31.7.23 31.7.22 Income from churches, trusts and projects .Donations from individuals Gift aid School of Evangelism & Academy Grants 314,793 130,140 23,502 3,848 228,451 114,158 26,081 6,882 472 283 425 572 Grants received, included in the above. are as follows.. 31.7.23 31.7.22 Department of Communities 50,000 NET INCOMEI(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): 31.7.23 31.7.22 Depreciation - owned assets TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 July 2023 nor for the year ended 31 July 2022. Trustees, expenses There were no trustees, expenses paid for the year ended 31 July 2023 nor for the year ended 31 July 2022. Page 12 continued,..
Crown Jesus Ministries Notes to the Financial Statements - continued for the Year Ended 31 July 2023 STAFF COSTS 31.7.23 31.7.22 Wages and salaries Social security costs Other pension costs 298,500 18,187 253,981 19.508 325 161 280 624 The average monthly number of employees during the year was as follows.. 31.7.23 15 31.7.22 15 Charitable activities No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Rcstricted funds funds Total funds INCOME AND END0wNTs FROM Donations and legacies 320.775 104,797 425,572 Other income Total 356.453 104 797 461250 EXPENDITURE ON Charitable activilies Charitable activities Support Costs 372,909 53,J29 426,038 Total 376 220 429 349 NET INCOMEI(EXPENDITURE) Transfers between funds (19,767) 51,668 76,105) 31,901 Net movement in funds 56,338 (24,437) 31,901 RECONCILIATION OF FUIYDS Total funds brought forward 390,862 122,265 513,127 TOTAL FUNDS CARIUED FORWARD 447 200 97,828 545,028 Page 13 ontinued...
Crown Jesus Mini$trie$ Note$ to the Flnanclal Statements- continued for the Yegdr Ended 31 July 2023 TANGIBLE FIXED ASSETS Compuler and studio equipment Fixtures and fittings Freehold property Motor vehicles Totals COST At l August 2022 Additions Disposals 294,120 44,861 26,840 86,592 3,038 452,413 3,038 At 31 July 2023 294 120 26,840 446881 DEPRECIATION At l August 2022 Charge for year Eliminated on disposal 31,849 5,883 40,393 911 15.620 2.244 28,567 16,149 116,429 25,187 At 31 July 2023 133 046 NET BOOK VALUE At 31 July 2023 256 388 8,976 313835 At 31 July 2022 262 271 11,220 335 984 DEBTORS: AMOUNTS FALLING DUE THIN ONE YEAR 31.7.23 31.7.22 Accrued income CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.7.23 31.7,22 Social security and other taxes Credit Card account Other creditors Accruals and deferred income 6,063 2,080 2,151 2,878 2,478 3,500 Page 14 eontinued...
Crown Jesus Ministrffies Notes to the Financial Statements - Continued for the Year Ended 31 July 2023 10. MOVEIIIENT IN FUNDS Net movement in funds Transfers between funds At 31.7.23 At 1.8.22 Unrestrlcted funds General fund Gcncral capital fund 111,216 335 984 (46,915) 22,149 22 149) 86,450 313 835 447,200 (46,915) 400,285 Restricted funds Building and specific projects 97,828 13,607 111,435 TOTAL FUNDS 545 028 33,308) 511,720 Net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestrlcted funds General fund 380.536 (427,451) (46,915) Restricted funds Building and specific projects 105,779 (92.172) 13,607 TOTAL FUNDS 486315 Comparatives for movement in funds Nel movement in funds Transfers between funds At 31.7.22 At 1.8.21 Unrestricted funds General fund General capital fund 94,648 296,214 (19.767) 36,335 39,770 111,216 335,984 390,862 (19,767) 76,105 447,200 Restricted funds Building and specific projects )22.265 51,668 {76,105) 97,828 TOTAL FUNDS 513,127 31,901 545,028 Page 15 continued...
Crown Jesu$ Ministries Notes to the Financial Statements - continued for the Year Ended 31 July 2023 10. MOVEMENT IN FUNDS - continued Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 356,453 (376,220) {19,767) Restricted funds Building and sp¢cifi¢ projects 104.797 (53.129) 51,668 TOTAL FUNDS 461,250 429 349 A current year 12 montbs and prior year 12 months combined position is as follows: Net movement in funds Transfers between funds At 31.7.23 At l.8,2l Unrestrlcted funds General fund General capital fund 94,648 296 214 (66,682) 58,484 86,450 313,835 390.862 (66,682) 76,105 400,285 Restricted funds Building and specific projects 122,265 65,275 (76,105) 111,435 TOTAL FUNDS 513 127 511720 A current year 12 months and prior year 12 months combined net movement in funds, included ID the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 736,989 (803,671) (66,682) Restrlcted funds Building and specific projects 210,576 (145,301) 65,275 TOTAL FUNDS 947 565 Page 16 continued...
Crown Jesus Ministries Notes to the Financial Statements - continued for the Year Ended 31 July 2023 10. MOVEMENT IN FUNDS- continued Gener21 capital fund This fund is capital donations received specifically to purchase capital items. When the asset is purchased the donation is transferred from restricted funds to general fvnds. However, as it has been used to purchase fixed assets. it is not available foi funding of operational costs. 11. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 July 2023. Page 17