Servant Trnst- A Company Limited by Guarantee SERVANT TRUST Dba: Charis Community, University Christian Outreach (UCO) {A Company Limited by Guarantee) Registered Number Nl 639762 STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR I SEPTEMBER 2023 TO 31 AUGUST 2024 Incomin Tithe SOS Mission UCO tlelfa5t IiTLoffle Alms Misc. Income Event Income Grant Income Gift Aid Totxl Incoming Resources Reso Sep-22 Au Sep-23 Aug-24 77,481 3,500 41,443 2,180 2,500 1,730 1,400 21,414 151.648 ces 77,578 26,179 1,795 4,657 8,756 646 20,407 143.518 Resources Ex ended Charitable Activity Charis Expenditure Chari5 Overheads University Ckiri5tian Outreach Mission Derry Missional Community Alms Grants Total Resources Expended 89,503 72,406 12,960 70,801 129 44,220 452 4,000 1.853 31,674 181,355 2,160 158.4.56 Net Incomlng Resources for the Year: -37,837 -6.808 Funds Balance Brought Fonvard Adjustment (Borclay AccountAdded) Fund Balances Carried Forward 72,529 34,692 898 28,782 34.692 Servant Trust- A Company Limited by Guarantee SERVANT TRUST Dba". Charis Community, University Christian Outrp.Ach (UCO) {A Company Limited by Guarantee) Registered Number Nl 639762 BALANCE SHEEr AS AT 31 AUGUST 2024 Net Assets Fixed Assets Sep-22 Aug-23 Sep-23 Aug-24 Current Assets External Debiors Short Term Deposit5 Cash at Bank and in Hand Danske Bank- Charis Danske Bank- UCO Danske Bank- Charis Youth Barclays Bank- UCO Total Current Asse.ts 29,150 5.522 20 25,546 1,004 1,400 832 28,7R2 34,692 le55 Credltors and Income in Advance Net Assets 34,692 £28,782 Fund Balan Au8-23 Aug-24 Charis General Fund Dan5ke UCO Fijnd Danske- Charis Youth Barclay's Bank- UCO Fund Kenya Medical Alms Total Funds 29,150 5,522 20 23,046 1,004 1.400 832 2,500 28,782 The financial statements were approved by the directors on 25 February 2025 and signed on Llieir behalf by 34,692 -t5esmond Chair Servant Trust- A Company Limited by Cuarante¢ Notes to the fillallcial statements- Accounting Policies Fc)r the. year ended 31 August 2024 Basis of preparation of finaneial 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 aceordance with the financial Reporting Standard Applicable in the UK and R¢public uf Ireland (FRS 102) (effective l January ?015) - (Charities SORP (FRS 102)). the b'inanci21 Reporting Standard applicabl¢ lli UK and Republic of Ireland IFRS 102) and the Companies Act 2006. Servant Trust meets the definition of a public ben¢fAt entity under FRS 102. Assets and liabilities are inilially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. Reconciliation with previous Generally Aceepted Accounting Prartiee Iii preparinA these accounts, the Directors hav¢ considcrcd whether in applying the accniinting policies required by FRS 102 artd the Charities SORP FRS 102 the restatemcnt of comparative items was requireA. Havin8 considered thc kcy aGc(iunling policies it was determine.d th2t the prior year figurts wci'r iiut maierially impacted. As suclL no restatement of comparaiive figures was required. Company status The company is a company limited by guaraJrtee. The members of the cnmpany are the Directors nam¢d oil page l and the Lompany Se.eretary. In the event of thc compdtjy beinR wound up. the liability in respect of the guawitvc is limited to £IU per memher of the company. Fund accounting General funds are unrestricted funds which are available for use at the discr¢tion of the Directors in furtheranc¢ of th¢ gencral objectives of the company and which have not been des1￿)ated for other purposes. Restricted funds ar¢ fuiidb which are to be used in accordance wtth specific restrictioiis imwsed by donors or which have been raised by thc conipaijy for particular purposes. The costs of rdising and administ¢riIig such funds are charged against the specific fimd. Th¢ aim and use of each restricted fund is set out in the notcs to the fiii¢uiLial ststements. Income All income is recognised once the company has receivcd the income. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognis¢d at the time of when the amount i.s received from HMRC. Incoiii¢ LLK recoverable in relatson trj investment income is r¢Gognis¥(J Ilt the time the investmerfrt income is received. Oth¢r incom¢ ib rccognised in the period in which it is receivable and to the Cxtent the %oods have been pmvided or on completion of th¢ scrvic¢. Expenditure Expenditure is recognised On￿ transfcr of eLonomic benefrt has been made to a third party. Expenditure is classified by actlvlty. The costs of each activity are made up of the total of direct costs and shared costs. including support costs involved in undertaking each activity. Direct ￿$tS attributable to a single 2CtiVlty are allocated dircctly to tlial ULtiVlty. Shared costs which cnntribiite to more than on¢ aGtivity iuid suppon costs which are not attributsble to a singlc activity are dPPOrtioned between those activities on a basis consist¢nt witli th¢ use of resources. (iovernance costs are those incurred in connection with administr2tinn of the company and ¢omplianc¢ willi consiituiional and statutory requirements. Charitable activities and Gov¢rnancc costs are costs incurred on the company's educational operations, including support costs and Costs relating to the governance of the company apportioned to charitable activities.