Receipts and Payments Account for the year ended 30th September 2023
| Receipts Voluntary giving Gift Aid Donations and Bequests Other Income Investment Income Payments Cost of Fundraising Charitable Activities Governance Costs Before transfers between funds Transfers between Funds Net Operating Surplus/ (Deficit) |
Unrestricted Restricted Endowment Total Total Funds Funds Funds 2023 2022 £ £ £ £ £ 27,946 1,579 0 29,524 26,512 2,595 0 0 2,595 0 0 0 0 0 0 2,865 0 0 2,865 271 736 0 0 736 22 34,141 1,579 0 35,720 26,805 0 0 0 0 0 26,671 834 0 27,505 28,296 100 0 0 100 475 26,771 834 0 27,605 28,771 7,371 745 0 8,115 (1,966) 0 0 0 0 0 7,371 745 0 8,115 (1,966) |
|---|---|
The reconciliation of the receipts and payments shown above to the total funds of the Church is disclosed on the following page
Statement of Assets & Liabilities
Reconciliation of Receipts and Payments Account
| Unrestricted Funds £ Opening Funds at beginning of year 92,705 Surplus/ (Deficit) for the year 7,371 100,076 Non- Momentary adjustment Closing Funds at end of year 100,076 Held as followings: Bank Current Account No. 1 20,133 Bank Current Account No. 2 79,942 Cash in hand 0 100,075 Non-monetary Assets (not included above) Unrestricted Funds Buildings 543,210 Contents 33,690 576,900 |
Restricted Funds £ 0 745 745 745 745 745 Restricted Funds 0 |
Endowment Total Funds 2023 £ £ 92,705 0 8,115 0 100,820 0 100,820 20,878 79,942 0 0 100,820 Endowment Total Funds 2023 543,210 33,690 0 576,900 |
Total 2022 £ 94,671 (1,966) 92,705 92,705 13,920 78,785 0 92,705 Total 2022 543,210 33,690 576,900 |
|---|---|---|---|
The trustees are of the opinion that the most appropriate basis of valuation is the Insurance cover which is shown above.
Statement of Material Liabilities
The Trustees are not aware of any material liabilities at the date of this Report
Ken McFaul
Linda Brown
_____ _________ Trustee Trustee Dated 6th February 2024 6th February 2024
Notes to the Accounts
Basis of Accounting under Receipts & Payments
Revenue that the Charity is entitled to is recorded when received, expenditure that the Charity incurred is recorded when paid.
Purpose and nature of funds
General unrestricted fund : These are funds that have been received carrying no restriction on their use and are put to purpose at the discretion of the trustees in furtherance of the objects of the Charity. The following designated funds are held within the general unrestricted funds, these discretionary funds are set aside by the Trustees for a specific purpose:
Restricted funds: are funds subject to specific trusts, which are declared by the donor(s) and are expendable by the trustees in furtherance of some particular aspect(s) of the objects of the charity. These funds are subject to restriction (as to their use) imposed by those from whom the funds are obtained. Resources received but not yet expended at the end of the financial year are retained as a reserve.
Endowment funds: where there is no power to convert the capital into income, is known as a permanent endowment fund and the capital is normally held indefinitely. Where trustees have the power to convert endowment funds into income, such funds are known as expendable endowments.
Any funds held under this classification by the Charity are permanent.
Trustee benefits (in total)
| Remuneration Reimbursed expenses |
2023 2022 5,260 16,114 0 0 |
2022 |
|---|---|---|
As explained in the Trustees Report, the only private benefit flowing from our purpose in relation to the trustees is to those in paid employment within our congregation who receive benefits as a result of their holding office or employment. However, this is incidental and necessary in order to further our charitable purpose. There are no other private benefits.
Analysis of Restricted & Endowment Funds received
| Haiti Alabaster Missionery |
Opening Balance 0 0 |
Restricted Funds 382 329 868 1,579 |
Endowment | Endowment | Expenditure (364) (170) (300) (834) |
Closing Balance |
|
|---|---|---|---|---|---|---|---|
| Funds 0 |
|||||||
| 18 159 568 745 |
Additional information for members of the Congregation
| RECEIPTS Voluntary Giving Tithes Daily bread Sunday School Collection Mission Contributions Easter Harvest Prayer meetings & Fasting Alabaster Haiti Donation Ladies Fellowship Gift Aid received Donations & Bequests Donations Bequest Other Income Sundry J Dickson - re-imbursement Investment Income Bank Interest Operating Receipts |
Unrestricted Restricted Endowment Total Total Funds Funds Funds 2023 2022 £ £ £ £ £ 24,295 24,295 22,746 71 472 472 345 0 868 868 603 0 225 90 90 2,269 2,269 1,851 0 329 329 318 0 382 382 354 570 570 250 250 |
|---|---|
| 27,946 1,579 0 29,524 26,512 |
|
| 2,595 2,595 0 |
|
| 0 0 0 0 0 |
|
| 0 0 0 0 0 |
|
| 0 600 600 271 2,265 2,265 0 |
|
| 2,865 0 0 2,865 271 |
|
| 736 736 22 |
|
| 736 0 0 736 22 |
|
| 34,141 1,579 0 35,720 26,805 |
Additional information for members of the Congregation
| PAYMENTS Charitable Activities Pastor's Salaries Locum support Insurance Oil Electricity Ground & Property Maintence AV & IT Expenses Post & Stationery Bank Fees Love Gift Sunday School/ Youth District Fees General expenses Funeral expenses Improvements to grounds Romania Wings Appeal District Charity disbursements Governance Cost AGM Meeting expenses Other payments Operating payments |
Unrestricted Restricted Endowment Total Total Funds Funds Funds 2023 2022 £ £ £ £ £ 5,260 5,260 16,114 5,578 5,578 840 1,083 1,083 885 1,359 1,359 2,111 910 910 726 1,867 1,867 1,379 80 80 370 387 387 23 79 79 75 225 225 275 496 496 2,630 2,630 4,944 71 71 554 3,439 3,439 3,000 3,000 0 300 300 100 100 107 534 641 |
|---|---|
| 26,671 834 0 27,505 28,296 |
|
| 0 0 0 0 0 100 0 0 100 475 |
|
| 100 0 0 100 475 |
|
| 26,771 834 0 27,605 28,771 |