Aldergrove House of Prayer Statement of Financial Activities
st For the year ended 31 December 2023
| 2023 Unrestricted Fund 2022 Total Funds Note £ £ INCOME AND ENDOWMENTS FROM Donations and Legacies 17,904 19,855 Investment Income 2 50 5 TOTAL 17,954 19,860 EXPENDITURE ON CHARITABLE ACTIVITIES Charitable Activities 17,404 21,796 NET INCOME / (EXPENDITURE)550 (1,936) RECONCILIATION OF FUNDS Total funds brought forward 1,433 3,369 TOTAL FUNDS CARRIED FORWARD 1,983 ==== = 1,433 ==== = |
2023 Unrestricted Fund 2022 Total Funds Note £ £ INCOME AND ENDOWMENTS FROM Donations and Legacies 17,904 19,855 Investment Income 2 50 5 TOTAL 17,954 19,860 EXPENDITURE ON CHARITABLE ACTIVITIES Charitable Activities 17,404 21,796 NET INCOME / (EXPENDITURE)550 (1,936) RECONCILIATION OF FUNDS Total funds brought forward 1,433 3,369 TOTAL FUNDS CARRIED FORWARD 1,983 ==== = 1,433 ==== = |
2023 Unrestricted Fund 2022 Total Funds Note £ £ INCOME AND ENDOWMENTS FROM Donations and Legacies 17,904 19,855 Investment Income 2 50 5 TOTAL 17,954 19,860 EXPENDITURE ON CHARITABLE ACTIVITIES Charitable Activities 17,404 21,796 NET INCOME / (EXPENDITURE)550 (1,936) RECONCILIATION OF FUNDS Total funds brought forward 1,433 3,369 TOTAL FUNDS CARRIED FORWARD 1,983 ==== = 1,433 ==== = |
|---|---|---|
| 1,433 1,983 ==== = |
3,369 1,433 ==== = |
Aldergrove House of Prayer Balance Sheet st At 31 December 2023
| Note CURRENT ASSETS Cash at Bank NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS Unrestricted funds 6 TOTAL FUNDS |
2023 Unrestrict ed Fund £ |
2022 Total Funds £ |
|
|---|---|---|---|
| 1,983 1,983 1,983 1,983 ===== 1,983 1,983 ==== = |
1,433 1,433 1,433 1,43 3 ==== 1,43 3 1,433 ==== |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(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.
These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to charitable small companies.
The financial statements were approved by the Board of Trustees on xx and were signed on its behalf by:
Ms A Hunter – Trustee
Aldergrove House of Prayer Notes to the Financial Statements for the year ended 31 December 2023
1.ACCOUNTING POLICIES.
Basis of preparing the financial statements
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 Ireland (FRS 102) (effective 1 January 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that 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 cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
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 trustees.
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.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. INVESTMENT INCOME
2023 2022 £ £
Deposit account interest
50 5 ==== ====
Aldergrove House of Prayer Notes to the Financial Statements for the year ended 31 December 2023
Aldergrove House of Prayer Notes to the Financial Statements for the year ended 31 December 2023
3.TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.
4.STAFF COSTS
The average monthly number of employees during the year was as follows:
| 202 | 202 | |
|---|---|---|
| 3 | 2 | |
| Administration | 1 | 1 |
| No employees received emoluments in excess of | ||
| £60,000. | ||
| 5.COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVIT | ||
| Unrestricted fund | ||
| £ | ||
| INCOME AND ENDOWMENTS FROM | ||
| Donations and legacies | ||
| 17,904 | ||
| Investment income | 50 | |
| Total | 17,954 | |
| EXPENDITURE ON | ||
| Charitable activities | ||
| Charitable activities | 17,404 | |
| Total | 17,404 | |
| NET INCOME/(EXPENDITURE) | ||
| 550 | ||
| RECONCILIATION OF FUNDS | ||
| Total funds brought forward | 1,433 | |
| TOTAL FUNDS CARRIED FORWARD | 1,983 | |
| ===== |
5.COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES.
Aldergrove House of Prayer Notes to the Financial Statements for the year ended 31 December 2023
6.MOVEMENT IN FUNDS
| At 1/1/23 £ Unrestricted Funds General Fund 1,433 TOTAL FUNDS 1,433 ==== = |
Net movement At 31/12/23 In funds £ £ 550 1,983 550 ====== 1,983 ==== |
|---|---|
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in | |
| funds | |||
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 17,954 | (17,404) | 550 |
| TOTAL FUNDS | 17,954 | (17,404) | 550 |
| ===== | ===== | ==== | |
| = |
Comparatives for movements in funds
| Net movement | |||
|---|---|---|---|
| At 1/1/22 | in funds | At | |
| £ | £ | 31/12/22 | |
| £ | |||
| Unrestricted Funds | |||
| General fund | 19,860 | (21,796) | (1,936) |
| TOTAL FUNDS | 19,860 | (21,796 |
(1,936) |
| ===== | ===== | ==== |
Comparative net movement in funds included in the above are as follows:
Incoming Resources Movement resources expended in funds £ £ £
Unrestricted funds General fund Aldergrove House of Prayer 3,369 (1,936) 1,433 Notes to the Financial Statements TOTAL FUNDS for the year ended 31 December 2023 3,369 (1,936) 1,433 =====. ====
Aldergrove House of Prayer Notes to the Financial Statements for the year ended 31 December 2023
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7. RELATED PARTY DISCLOSURES
st There were no related party disclosures for the year ended 31 December 2023.
Aldergrove House of Prayer Detailed Statement of Financial Activities for the year ended 31 December 2023
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| INCOME AND ENDOWMENTS 2023 £ 2022 £ Donations and legacies Donations 17,954 19,85 5 Investment Income Deposit account Interest 50 5 Total Incoming resources 18,004 19,86 0 EXPENDITURE Charitable Activities Wages 8,463 11,64 6 Insurance 312 764 Light and Heat 2,690 2,949 Postage and Stationery/Admin 862 154 Sundries 324 758 Gifts re speakers 1,550 2,060 Travel 2,024 2,772 Repairs and Maintenance 1,148 662 Rent 1 1 17,374 21,76 6 |
2023 £ 17,954 50 18,004 |
2022 £ 19,85 5 5 19,86 0 |
|---|---|---|
SUPPORT COSTS
Finance Bank Charges
30
30
| Aldergrove House of Prayer | ||
|---|---|---|
| Total resources expended | 17,404 | 21,796 |
| Net income (expenditure). | 550 | (1,936) |
| ======= | ======= |