## **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|