Vision of Good Hope, Moldova - NIC 104588
Statement of Financial Activities for the Year ended 31st December 2018
| Income Shop Income Church Street Larne Road Rathfriland - Clothes Rathfriland - Furniture Ballymoney Recycling Ballymena Rathfriland Donations Gift Aid Received Bank Interest Total Income Expenditure Rent Van Expenses Repairs & Renewals Insurance Heat, Light & Power Advertising Administration Expenses Bank Charges PSA Skip Hire Water Rates Telephone & Internet Travel Expenses Wages Direct Transfers to Transnistria Payments to House of Hope Goods transferred to House of Hope Food Parcels Container Costs Depreciaton Sundry Total Expenditure Net Income/(Deficit) before transfers Transfers between funds Net movement in funds Total funds brought forward Total funds carried forward |
Unrestricted Restricted Total Total Funds Funds 2018 2017 £ £ £ £ 39,889 0 39,889 35,106 98,641 0 98,641 86,158 35,226 0 35,226 34,666 62,223 0 62,223 60,788 0 0 0 16,548 6,008 0 6,008 4,874 3,110 0 3,110 2,447 16,980 0 16,980 25,523 2,884 0 2,884 4,980 15 0 15 17 |
|---|---|
| 264,976 0 264,976 271,107 |
|
| 45,880 0 45,880 54,200 9,720 0 9,720 7,387 7,653 0 7,653 882 3,433 0 3,433 4,697 9,066 0 9,066 7,672 515 0 515 348 6,820 0 6,820 5,820 738 0 738 897 750 0 750 889 2,606 0 2,606 3,228 364 0 364 524 331 0 331 284 4,675 0 4,675 3,437 0 0 0 6,950 0 0 0 0 130,596 0 130,596 188,025 2,168 0 2,168 1,005 0 0 0 2,623 4,270 0 4,270 0 6,821 0 6,821 8,904 673 0 673 135 |
|
| 237,079 0 237,079 297,909 |
|
| 27,898 0 27,898 -26,802 |
|
| 0 0 0 0 |
|
| 27,898 0 27,898 -26,801 64,695 0 64,695 91,496 92,593 0 92,593 64,695 |
Vision of Good Hope, Moldova - NIC 104588
Balance Sheet as at 31st December 2018
| Notes Fixed Assets Office Equipment Vans Current Assets Other Current Assets Cash at bank and in hand Creditors - falling due within one year Net Current Assets Creditors - falling due after one year NET ASSETS Funds Unrestricted Funds Restricted Funds TOTAL FUNDS |
2018 2017 £ £ 825 531 19,637 26,182 |
|---|---|
| 20,462 26,713 |
|
| 2,532 691 69,599 37,291 |
|
| 72,131 37,982 |
|
| 0 0 72,131 37,982 0 0 |
|
| 92,593 64,695 |
|
| 92,593 64,695 0 0 |
|
| 92,593 64,695 |
Vision of Good Hope, Moldova - NIC 104588
Notes to the Accounts
Accounting Policies Basis of Financial Statements
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Ireland (FRS102) (effective 1 January 2015).
The financial statements have been prepared under the historical cost convention except for investment assets, which are shown at market value. The financial statements include all transactons, assets and liabilities for which the charity is responsible in law.
Fund Accounting
Endowment funds are funds, the capital of which must by retained either permanently or at the congregation'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 inteded by the donor and (b) revenue donations or grants for a specific charity 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 balance basis.
Unrestricted funds are income funds which are to be spent on the charity general purposes. Designated funds are general funds set aside by the charity for use in the future.
INCOMING RESOURCES
(i) Recognition of incoming resources These are included in the Statement of Financial Activities (SOFA) when; The charity becomes entitled to the resources; The trustees are virtually certain they will receive the resources and The monetary value can be measured with sufficient reliability.
(ii) Incoming resources with related expenditure Where inocming resources have related expenditure (as with fundraising income) the incoming resources and related expenditure are reported gross in the SOFA.
(ii) Tax reclaims on donations and gifts Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate.
ASSETS
Tangible Fixed Assets
Tangible fixed assetes for use by the charity are capitalised if they can be used for more than one year.
Depreciation is recorded on all tangible fixed assets, at rates calculated to write off the cost of each asset over its expected useful life as follows:
Vans - 25% reducing balance Computer e- 25% reducing balance
TANGIBLE FIXED ASSETS
| Cost or Valuation At 1st January 2018 Additions Disposals At 31st December 2018 Depreciation At 1st January 2018 Provisions for year Disposals At 31st December 2018 Net Book Value At 31st December 2018 At 31st December 2017 |
Computer & Printer Vans Total 707 40,050 40,757 570 0 570 0 0 0 |
|---|---|
| 1,277 40,050 41,327 |
|
| 177 13,868 14,045 275 6,545 6,820 |
|
| 452 20,413 20,865 |
|
| 825 19,637 20,462 531 26,182 26,713 |