Vision of Good Hope, Moldova - NIC 104588 statement of Financial Activities for the Year ended 31 st December 2024 Unrestricted Restricted Totsl Total Funds Funds 2024 2023 Income Shop Income Church Street Larne Road Ralhfriland - Clothes Ralhfriland - Fumiture 50,275.51 94.689.50 68.543.95 96,875.76 50,276 94.690 68.544 96,876 567(r2 115109 70900 93540 Recycling Ballymena Rathfriland 4,152.25 2,129.40 31.288.12 4,152 2,129 31.288 4784 4542 49494 Donations Gift Aid Received Bank Interest Totsl Income 347,954.49 0 347,954 395071 Expenditure Administration Expenses Bank Charges Bus Expenses DepreGiaton Goodg transferred lo House of Hope Heal, Light & Power Insurance PIL sale of asset Paymenls lo House of Hope PSA Rent Repairs & Renewals Rornanian Project Skip Hire Sundry Telephone & Internel Travel Expenses Van Expenses Water Rates 7.020.00 1.157.89 7,020 1.158 7020 1029 7728 17830 889 12354 5666 14.048.22 3.255.08 11.352.54 4.333.99 292.18 214.187.42 794.04 41,879.88 9,915.12 2.000.00 3.250.80 3,992.31 468.36 9.510.49 12.449.26 635.77 14.048 3.255 11.353 4,334 -292 214.187 794 41.880 9,915 2.000 3,251 3,992 468 9.510 12,449 636 210790 1175 41880 845 3110 1013 445 9251 9935 732 Total Expenditure 339.958.99 339,959 331692 Net In¢ome before transfers 7,995.50 7.996 63379 Transfers between fvnds Net movement in 7.995.50 7.996 63380 Tolal funds brought forward 356.907.00 356.7 293527 Total fund5 ¢arried forward 364.902.50 364.903 3569D7
Vision of Good Hope, Moldova - NIC 104588 Balance Sheet as at 31st December 2024 Notes 2024 2023 Fixed Assets Office Equipment Vans 802 41,342 1.070 61.831 42,145 62,901 Cuent Assets Cash at bank and in hand 327,603 287,373 327.603 287,373 Creditors - falling due wlthin one year Net Current Assets 322.758 294.007 Credstors - falling due after one year NET ASSETS 364.903 356,908 Funds Unrestricted Funds Restrictsd Funds 364.903 356.gJ7 TOTAL FUNDS 364,903 356,907
Vision of Good Hope. Moldova- NIC 104588 NOTES TO THE ACCOUNTS - 31 DECEMBER 2024 Accounting Policies Basis of Financial Statements The finala1 statements have been prepare(J in accordance wtth Accounting and Reporting by Charilies.. statement of Recommended Practice applicable to charitie5 preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Ireland (FRS1021 {effective 1 January 2015). The ftnan¢ial statements have been prepared underthe historical cost convention except for investment assets, which are shown at market value. The financial statements include all Iransaclons. assets and liabilities for which the charity is responsible in law. FundAccounting Endowment funds ftinds. the capital olwhich must by Trtained eitherpermanentty or at Ihe congregation s discretion.- the income derived fmm Ihe erpdowment is to be used either as restiicled or unrestricted income funds depending upon Ihe pUose lor which the endowment was eslablished in the firstplace. Restrictedfunds comprise (aj incomefrom endowments which is to be expended only on the restricted purposes inteded by the donor 8nd (b) revenue donations orgrants fgr a specifK charity aclivity intended by the donor. Where these funds have unspent balances Inte$t on theirpooledinveslment is appoltsoned lo the indivldual funds on an average balance basis. Unstricted funds are inGorne fvnds which are lo be spenl on Ihe cl]aiitygeneralpurposes. Designaled funds are gener81 funds set aside by Ihe ch8rityforuse in the fulure. INCOMING RESOURCES Recognilion of inGoming fftsources These are included in the Statement of Financial Aclivitles (SOFA) when- The charity becomes entrtled to the resources" The trustees are virtually certain they will receive the resource5 and The monetary value can be measured wrth suffiuenl relHbility. InmIng resources with relaled expenditure Where inocming resources have re18ted expenditure las ryth fundraising income) the in¢oming resources and related expenditure are reported gross in the SOFA. Tax reclaims on donations and gifts Incoming resources from tsx reclairns are included in the SOFA at the same time as the grft to which Ihey relate. ASSETS Tangible Fixed Assets Tangible fixed asseles for use by the charity are capitalised if they can be used for more than one year. Depreciallon is recorded on all tangible ed assets. at rales calculated to write off the cost of each asset over its expected useful lrfe as fonow$- Vans Computer i- 250/0 reducing balance 25% reducing balance
TANGIBLE FIXED ASSETS Costorvaluation At start of year Additions Disposals 1.426 126.079 127.505 15,900 15. At end of year 1,426 110.179 111.605 Depreciatio Al start of year Provisions for year Disposals 65,319 12,710 9.192 65,675 12,978 267 At end of year 623 68.837 69,460 Not Book Value At start of year 1.070 60.760 61.830 At end of year 803 41.342 42.145