Vision of Good Hope, Moldova - NIC 104588 ststement of Financial Activities for the Year ended 31st December 2023 Unrestrictec Restrtcted Total Total Funds Funds 2023 2022 Income Shop Income Church Street Larne Road Rathfriland - Clothes Rathfriland - Fumiture 56.701.70 115.108.60 70.900.24 93.540.03 56,702 115,109 70,900 93,540 60577 106262 60292 89965 Recycling Baltymena Rathfriland 4.784.10 4.542.00 49.494.25 4.784 4.542 49.494 4118 4588 47778 Donations Gift Aid Recelved Bank Interest Totsl Income 395.070.92 395,071 373580 Expendlture Rent Van Expenses Repairs & Renewals Insurance Heat. Llghl & Power Advertising Administration Expenses Bank Charges PSA Skip Hire Water Rates Telephone & Internet Travel Expenses Wages Direct Tran5feTS to Transnistria Payments lo House of Hope Goods transferred to House of Hope Bus Expenses Depreciaton Covid Expenses Sundry 41.879.88 9,935.15 845.48 5,665.89 12.353.85 41,8bO 9,935 845 5,666 12,354 40880 12773 909 3729 16173 561 7020 832 945 2697 792 482 2372 7,020.00 1,028.53 1,175.05 3,110.00 731.69 445.11 9,250.90 7,020 1,029 1.175 3,110 732 445 9,251 210.789.51 889.31 7,728.12 17.829.79 210.790 217778 250 10823 10768 7.728 17,830 1.012.56 1.013 1241 Total Expenditure 331.690.82 331,691 331024 Net Income before transfers 63.380_10 63,380 42SS6 Transfers between lunds Net movement in funds 63.380.10 63.380 42556 Total funds brought forward 293,526.90 293,527 250971 Total funds cairied forwanl 356,907.00 0 356,907 293527 Vision of Good Hope, Moldova - NIC 104588 Balance Sheet as at 31st December 2023 Notes 2023 2022 Flxed Assets Office Equipment Vans 1.070 61,831 32,304 62.901 32.304 CurrentAssets Cash al bank and in hand 287.373 262,379 287,373 2e2.379 Gredltors - falling due within one year 1.157 Net Current Assets 294,006 261.222 Creditors - falling due after one year NET ASSETS 356,907 293.527 Funds Unrestricted Funds Restricted Funds 356,907 293,527 TOTAL FUNDS 356.907 293.527 Vision of Good Hope. Moldova- NIC 104588 NOTES TO THE ACCOUNTS - 310ECEM8ER 2023 Accountlng Pollcles Basis of Flnanclal Statements The financial statements have been prepared in accordance with Accounling and Reportiny by Charities= Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Ireland (FRS1021 (effective 1 January 20151- The financial slalements have been prepared underthe historical cost conventton except for investment assets. which are shown at market value. The financial slalements rnciude all tr2nsactons, assets and liabilities for which the chartty Is responsible in law. Fund Accounting Endowment funds are funds, the c8Pltal of which musl by ￿taIned erfherpefflpanently or at Ihe congregalion s di8¢retion.' Ihe income derived from the endowment is to be used either as restricted orunreslricled incomg funds d8pending upon the purpose lor which the endawment was established in the firs¢ place. (_ l Restrirtedfund5 comprise faj incomefrom endowment5 which is to be expended only on the restricted purposes Illteded by Ihe donor and (bj revenue donatims orgrants fora specrfic charity aGtivityintended by the donor. Where Ihese funds h8ve unspent balances. rnteresl on theirpooled inveslment is apportionsd to the individualfunds on an averngg bal8nGe ba￿$. un￿St￿cted funds are income funds which are to be spenton the charity generalpurposes. Designaled fvnds a￿ general funds set aside by Ihe charify foruse in the fvture. INCOMING RESOURCES Recognition of incoming resources These are included in the Statement of Financial Activities (SOFA) when- The charity becomes enlilled to the resources- The trustees are virtuamy certain they wll re￿1ve the resources and The monetsry value (2n be measured wilh suffiGient reliability. Incoming resources with related expenditure Where Inocming resources have related expenditure (as wrth fundraismig NIGome) the incoming resouice5 and related expenditure are reported gross in the SOFA. Tax reclaims on donations and grfis Incoming resources from lax reclaims are incthjded in the SOFA at the same time as the gift to which they relale. ASSETS Tangible Fixed Assets Tangible fixed assetes for use by the charity are capitalised if they can be used for more than one year. Dep￿ciall0￿ is recorded on all tangible r￿ed assets. at rales catcumed to wrile off the cost of each asset over its expected useful lrfe as follows: Vans Computer i- 25Ya reducing balan 25% reduGing balance TANGIBLE FIXED ASSETS Cost or Valuation Al start of year Additions Disposals 77,379 54.250 5.550 77,379 55.676 5.550 1,426 Al end ofyear 1,426 126,079 127,505 Depre¢iatlon At start ofyear Provisions for year Disposals 50.346 50.346 20.610 20.￿7 5.637 356 Al end ofyear 356 65.319 65.675 Net Book Value Al stsrt of year 32.304 32.304 Al end ofyear 1,070 60,760 61.830