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2024-09-30-accounts
| Charity Information |
1 |
| Trustees’ Report |
2-4 |
| Independent Examiners Report |
5 |
| Statement ofFinancial Activity |
6 |
| StatementofAssets and Liabilities |
7 |
| Notes to the Financial Statements |
8-10 |
| Detailed Income and Expenditure Accounts |
|
| General Fund Account |
11 |
| Building Fund Account |
12 |
| Chinese School Fund |
12 |
|
|
Unrestricted |
Restricted |
Total |
Total |
|
|
Funds |
Funds |
2024 |
2023 |
| Income |
Notes |
£ |
£ |
£ |
£ |
| Donations and legacies |
2 |
148,860 |
- |
148,860 |
163,949 |
| Charitable activities |
3 |
289 |
- |
289 |
4,466 |
| Investments |
4 |
1,599 |
2,745 |
4,344 |
1,630 |
| Other |
4 |
487 |
- |
487 |
600 |
| Total income |
|
151,235 |
2,745 |
153,980 |
170,645 |
| Expenditure |
|
|
|
|
|
| Raising funds |
|
- |
(63) |
(63) |
(62) |
| Charitable activities |
5 |
(168,268) |
- |
(168,268) |
(182,237) |
| Total expenditure |
|
(168,268) |
(63) |
(168,331) |
(182,299) |
| Net income/(expenditure) |
|
(17,033) |
2,682 |
(14,351) |
(11,654) |
| Transfer between funds |
|
15,407 |
(15,407) |
- |
- |
| Net movement in funds: |
|
(1,626) |
(12,725) |
(14,351) |
(11,654) |
| Reconciliation offunds: |
|
|
|
|
|
| Funds brought forward |
|
411,341 |
566,041 |
977,382 |
989,036 |
| Total funds carried forward |
|
409,715 |
553,316 |
963,031 |
977,382 |
STATAMENT OF ASSETS AND LI
2024930H |
ABILITIES AS AT 3 |
0 SEPTEMBER 2024 |
|
|
|
|
|
2024 |
|
2023 |
|
| FIXED ASSETS |
|
|
|
|
|
| Land |
|
|
150,000 |
|
150,000 |
| Buildings |
|
|
137,376 |
|
107,022 |
| Equipment |
|
|
15,107 |
|
16,990 |
| Fixtures and Fittings |
|
|
2,285 |
|
3,055 |
|
|
|
304,768 |
|
277,067 |
| CURRENT ASSETS |
|
|
|
|
|
| Prepayments |
|
1,209 |
|
2,162 |
|
| Repayable Church Support |
|
35,000 |
|
40,000 |
|
| Bank Investment Accounts |
12 |
157,569 |
|
154,020 |
|
| Bank Current Account |
*1E12 LI |
469,198 |
|
507,824 |
|
| Petty Cash |
|
45 |
|
92 |
|
|
|
663,021 |
|
704,098 |
|
| CURRENT LIABILITIES |
|
|
|
|
|
| Accruals |
|
2,077 |
|
2,680 |
|
| Deferred Income |
|
1,679 |
|
103 |
|
| Other Creditors |
|
1,000 |
|
1,000 |
|
|
|
4,756 |
|
3,783 |
|
| NET CURRENT ASSETS |
|
|
658,264 |
|
700,315 |
| TOTAL NET ASSETS |
|
|
963,032 |
|
977,382 |
| Represented by: |
|
|
|
|
|
| General Fund |
|
|
409,715 |
|
411,341 |
Building Fund
- Designated |
|
|
304,768 |
|
277,067 |
| - Reserve |
|
|
248,549 |
|
288,974 |
|
|
|
963,032 |
|
977,382 |
|
Unrestricted |
Restricted |
Total |
Total |
|
Funds |
Funds |
2024 |
2023 |
|
& |
& |
& |
|
| Recorded Giving: |
|
|
|
|
| General Offerings |
120968 |
- |
120,968 |
131,101 |
| Mission Donations |
9,033 |
- |
9,033 |
6,054 |
| GiftAid Tax Refunds |
10,748 |
- |
10,748 |
12,961 |
| Special Offerings |
8,111 |
- |
8,111 |
13,833 |
|
148,860 |
|
148,860 |
163,949 |
|
|
Unrestricted |
Restricted |
Total |
Total |
|
|
Funds |
Funds |
2024 |
2023 |
|
Chinese School Income |
289 |
- |
289 |
4,466 |
|
|
289 |
|
289 |
4,466 |
| 4. |
OTHER INCOME |
|
|
|
|
|
|
Unrestricted |
Restricted |
Total |
Total |
|
|
Funds |
Funds |
2024 |
2023 |
|
|
|
|
& |
|
|
Interest Received |
1599 |
2,745 |
4,344 |
1,630 |
|
Sundry Income |
487 |
- |
487 |
600 |
|
|
2,086 |
2,745 |
4,831 |
2,230 |
| 5. |
CHARITABLE EXPENDITURE |
|
|
|
|
|
|
Unrestricted |
Restricted |
Total |
Total |
|
|
Funds |
Funds |
2024 |
2023 |
|
|
& |
& |
& |
|
|
Charitable expenses |
167,088 |
- |
167,088 |
181,129 |
|
Governance costs |
1,180 |
- |
1,180 |
1,108 |
|
|
168,268 |
|
168,268 |
182,237 |
| 6. |
SUMMARY OF NET |
ASSETS BY FUNDS |
|
|
|
|
|
|
Unrestricted |
Restricted |
|
|
|
|
Funds |
Funds |
Total |
|
|
|
£ |
£ |
£ |
|
Fixed Assets |
|
- |
304,768 |
304,768 |
|
Net Current Assets |
|
409,715 |
248,549 |
658,264 |
|
|
|
409,715 |
553,317 |
963,032 |
|
|
Unrestricted |
Restricted |
Restricted |
Total |
|
|
Funds |
Fund |
Fund |
|
|
|
|
Property |
Reserve |
|
|
|
£ |
£ |
£ |
£ |
| Balance brought forward 1 October 2023 |
|
411,341 |
277,067 |
288,974 |
977,383 |
| Movement in year |
|
(16,965) |
- |
- |
(16,965) |
| Surplus from building fund |
|
- |
- |
2,683 |
2,683 |
| Surplus from Chinese school |
|
(68) |
- |
- |
(68) |
| Transfer from building fund |
|
15,407 |
27,701 |
(43,108) |
- |
| Balance at 30 September 2024 |
|
409.715 |
304,768 |
248,549 |
963,032 |
| FIXED ASSETS |
|
|
|
|
|
|
Land |
Building |
Equipment |
Fixtures & |
Total |
|
|
|
|
Fittings |
|
|
£ |
£ |
£ |
£ |
£ |
| AtCost |
|
|
|
|
|
| Balance 1 October2023 |
150,000 |
203,852 |
68,189 |
28,491 |
450,532 |
| Additions |
|
37,908 |
3,250 |
- |
41,158 |
| Disposals |
|
|
|
|
|
| Balance 30 September 2024 |
150,000 |
241.760 |
71.439 |
28,491 |
491.690 |
| Depreciation |
|
|
|
|
|
Balance
1 October 2023 |
- |
96,830 |
51,199 |
25,436 |
173,465 |
| Charge for year |
- |
7,554 |
5,133 |
770 |
13,457 |
| Elimination on disposal |
|
|
|
|
|
| Balance 30 September 2024 |
- |
104,384 |
56,332 |
26,206 |
186,922 |
| Net BookValue |
|
|
|
|
|
| As at 30 September 2024 |
150,000 |
137,376 |
15,107 |
2,285 |
304,768 |
| As at 30 September 2023 |
150,000 |
107,022 |
16,990 |
3,055 |
277,067 |
| GENERA |
L FUND INCOME AND EXPENDITUREACCOUNT |
|
|
|
|
| FOR THE |
YEAR ENDED 30 SEPTEMBER 2024 |
|
20249,fl30SM# |
|
|
|
|
|
2024 |
2023 |
|
|
|
|
&
& |
I |
& |
| INCOME |
|
tl&A |
|
|
|
|
General Offerings |
|
120,968 |
|
131,101 |
|
Mission Donations |
|
9,033 |
|
6.054 |
|
Gift Aid Tax Refunds |
|
10,748 |
|
12,961 |
|
Interest Received |
|
1,599 |
|
1,262 |
|
Sundry Income |
fth1&A |
|
487 |
600 |
|
Special Offerings |
tIj$jax |
8,111 |
|
13,833 |
|
|
|
150,946 |
|
165,811 |
| EXPENDITURE |
|
|
|
|
|
|
Pastor’s Salary |
|
32,086 |
31,152 |
|
|
Worker’s Salary |
|
26,666 |
29,467 |
|
|
Pastoral Expenses |
|
1,303 |
1,647 |
|
|
Pension Costs |
|
1,761 |
1,823 |
|
|
Mission Donations |
.i.0fl4,,tI_
twjnq |
28,074 |
—
2,183 |
|
|
Outreach |
|
2,852 |
3,076 |
|
|
Gifts |
|
1,626 |
2,193 |
|
|
SundaySchool |
|
143 |
90 |
|
|
Education and Training |
|
2,075 |
850 |
|
|
Church Activities |
|
12,285 |
11,413 |
|
|
Speaker Expenses |
|
9.200 |
8,170 |
|
|
Sundry Expenses |
|
2,121 |
1,942 |
|
|
Library Expenses |
|
978 |
- |
|
|
Accountancy |
|
1,180 |
1,108 |
|
|
Refreshments |
|
538 |
351 |
|
|
Special Offerings |
|
7,371 |
13,833 |
|
|
Telephone |
|
1,217 |
1,273 |
|
|
Repairs and Maintenance |
|
3,176 |
15.561 |
|
|
Insurance |
|
1,919 |
1,606 |
|
|
Heat and Light |
|
9,348 |
7,097 |
|
|
Office Expenses |
|
2,993 |
2,832 |
|
|
Cleaning |
|
5,205 |
5,841 |
|
|
Bank Charges |
|
337 |
322 |
|
|
Depreciation |
|
t3,457 |
12,101 |
|
|
|
|
(t67,911) |
|
(178,931) |
| GENERAL FUND INCOME/(EXPENDITURE) FOR THE YEAR |
|
±* |
(16,965) |
|
(13,120) |
| MOVEMENT OF FUNDS |
|
|
|
|
|
| General fund reserve brought forward |
|
$A±* |
411,341 |
404,661 |
|
| Transfer from Chinese School |
|
|
(68) |
1,160 |
|
| Transfer (to)/frombuilding find |
|
|
15,407 |
18,640 |
|
|
|
|
426,680 |
|
424,461 |
| GENERAL FUND RESERVE CARRIED FORWARD |
|
|
409,715 |
|
411,341 |
FORTHE YEAR ENDED 30 SEPTEMBER 2024
20 |
24930H |
|
|
|
|
2024 |
|
2023 |
|
|
£ |
£ |
£ |
£ |
| BUIUDING FUND INCOME |
|
|
|
|
| Income |
|
|
|
|
| Collections |
|
|
|
|
| Gift Aid Tax Refunds |
|
|
|
|
| Bank Interest |
|
2,745 |
|
368 |
| Return ofcollections |
|
|
|
|
| Expenditure |
|
|
|
|
| Bank Charges |
|
(63) |
|
(62) |
| Legal and Professional |
|
|
|
|
| NET INCOME/(EXPENDITURE) FOR THE YEAR |
|
2,682 |
|
307 |
| MOVEMENT OF FUNDS |
|
|
|
|
| Reserves brought forward |
|
566,041 |
|
584,375 |
| Net surplus foryear |
|
2,682 |
|
306 |
| Expenditure - Building fund account |
(43,108) |
|
(12,840) |
|
| Capital expenditure |
41,158 |
|
6.301 |
|
| Depreciation |
(13,457) |
|
(12,101) |
|
| Transfer to general fund |
|
(15,407) |
|
(18,640) |
| RESERVES CARRIED FORWARD |
|
553,316 |
|
566,041 |
| CHINESE SCHOOL FUND |
|
|
|
|
| Income |
|
289 |
|
4,466 |
| Expenditure |
|
(357) |
|
(3,306) |
| NET INCOME/(EXPENDITURE) FOR THE YEAR |
|
(68) |
|
1,160 |
| TRANSFER TO GENERAL FUND |
|
68 |
|
(1.160) |