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
Cu￿ent 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 fina￿la1 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 pU￿ose 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￿$t on theirpooledinveslment is appoltsoned lo the
indivldual funds on an average balance basis.
Un￿stricted funds are inGorne fvnds which are lo be spenl on Ihe cl]aiitygeneralpurposes.
Designaled funds are gener81 funds set aside by Ihe ch8rityforuse in the fulure.
INCOMING RESOURCES
Recognilion of inGoming fftsources
These are included in the Statement of Financial Aclivitles (SOFA) when-
The charity becomes entrtled to the resources"
The trustees are virtually certain they will receive the resource5 and
The monetary value can be measured wrth suffiuenl relHbility.
In￿mIng resources with relaled expenditure
Where inocming resources have re18ted expenditure las ￿ryth fundraising income) the in¢oming resources and
related expenditure are reported gross in the SOFA.
Tax reclaims on donations and gifts
Incoming resources from tsx reclairns are included in the SOFA at the same time as the grft to which
Ihey relate.
ASSETS
Tangible Fixed Assets
Tangible fixed asseles for use by the charity are capitalised if they can be used for more than one year.
Depreciallon is recorded on all tangible ￿ed assets. at rales calculated to write off the cost of each asset over its
expected useful lrfe as fonow$-
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