OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-09-30-accounts

Charity registration number NIC108191

Company registration number NI664431 (Northern Ireland)

PROVIDING HOPE AND LIGHT

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2022

PROVIDING HOPE AND LIGHT

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr G Stewart Mr A Hays Dr S Campbell Charity number NIC108191 Company number NI664431 Registered office 35b Main Street Ballyclare Co Antrim BT39 9AA Independent examiner GMcG BELFAST Chartered Accountants & Statutory Auditor Alfred House 19 Alfred Street Belfast BT2 8EQ Bankers Ulster Bank Limited 11-16 Donegall Square East Belfast BT1 5UB

(Appointed 14 October 2021)

PROVIDING HOPE AND LIGHT

CONTENTS

Page
Trustees' report 1 - 3
Independent examiner's report 4 - 5
Statement of financial activities 6
Balance sheet 7
Notes to the financial statements 8 - 17

PROVIDING HOPE AND LIGHT

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2022

The trustees present their annual report and financial statements for the year ended 30 September 2022.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".

Objectives and activities

The charity's objects are:

  1. The relief of those in need by reason of financial hardship or other disadvantage, in particular those who are victims and survivors of human trafficking and slavery.

  2. The advancement of human rights by the prevention and reduction of all forms of human trafficking and slavery (including, but not limited to sexual exploitation, forced labour, domestic servitude and organ harvesting); and to protect and provide assistance and support to victims and survivors of human trafficking and slavery, and also to individuals who want to exit prostitution, by any exclusively charitable means including (but not limited to) all or any of the following: (a) providing practical support and assistance and temporary and permanent refuge; (b) providing exit strategies for those who wish to exit prostitution; (c) offering rehabilitation services including access to advice, counselling, therapy, healthcare, support and social befriending to the victims and survivors of human trafficking and slavery and those seeking to exit prostitution; (d) raising awareness of the causes and effects of human trafficking and slavery and in particular the means of preventing and reducing same, and the consequences for and needs of victims/survivors; (e) supporting those affected by human trafficking and slavery by the purchase of goods made by those persons in particular overseas.

Activities in furtherance of these objects include:

  1. Trading in jewellery made by victims and survivors of human trafficking and individuals who want to exit prostitution.

  2. Speaking at public and private events on the issues of human trafficking and slavery.

  3. Grant making to help achieve the objects through approved partner organisations and individuals.

  4. Active raising of awareness through the charity’s website and social media channels.

  5. Jewellery making classes through which stories and experiences can be shared in order to raise awareness of the issues of human trafficking and slavery.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

A grant making policy has been adopted in furtherance of these objects.

The charity does not invite applications for grants. When gifts are made to external organisations, the following criteria are taken into consideration:

PROVIDING HOPE AND LIGHT

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022

Achievements and performance

(1) Trading in jewellery: Purchases of jewellery, scarves and bags from partner organisations in Asia help to provide stable and safe work for those seeking an alternative to the sex industry. They also help women and girls in rural communities to set up small cooperatives and earn a living for themselves and their families therefore preventing exploitation and trafficking. Through this, women are receiving opportunities to work in dignity and freedom, experiencing meaningful employment and opportunities for holistic healing. As a result, the purchases of jewellery and bags made by the women opens doors to healing, restoration, and hope. These long-term, sustainable business ventures are empowering women and leading them to independence, not dependence. Through jewellery purchases of £17,390 the charity continued to support women in safe work.

The charity made jewellery sales totalling £53,629 in the year. This generated a surplus for the charity, allowing grant making and further support purchasing jewellery from the various projects which contributed towards its charitable objects. A large proportion of sales took place during speaking engagements, with a physical store also in operation. A number of volunteers were recruited to assist with sales and order fulfilment. The charity also continued partnerships with four stores who are stocking its products and developed partnerships into three others.

(2) Speaking engagements: The work of the charity and the issues of human trafficking and slavery were presented at 42 meetings and events over the course of the year, with jewellery sales taking place alongside. It is estimated that over 1,630 people were presented to. The work was also featured in external magazines, helping to raise further awareness of the charity and its objects.

(3) Grant making: By the end of the period, partnerships were in place across 6 countries in Asia and 11 separate projects. Most partnerships primarily involved the purchase of jewellery and other items produced by victims and survivors of human trafficking and slavery and those seeking to exit prostitution. However, grants and donations totalling £16,235 were made during the year, in furtherance of the charity’s objects. This represents an increase of £10,465 on the previous year. Grants were used to support women and their children, to enable further production of jewellery in a safe working environment with a fair wage, and to also to relieve poverty through the distribution of food, and other essential items. One focus project was to assist and furnish a home in South-East Asia. This was very successful and continues to enable a safe place for women who would otherwise be in vulnerable positions. Grants also supported outreach into red-light districts; counselling and vocational programs; and anti-trafficking awareness classes.

(4) Website and social media: The website continued to enable the sale of jewellery items. The site has also enabled the raising of awareness through a ‘Story’ page highlighting the background of the charity and a ‘Journal’ page which shares news updates. The charity’s Facebook and Instagram channels were also very active, highlighting needs and marketing jewellery on a regular basis. The charity’s weekly / bimonthly Shopify email mailing list audience continues to grow, with over 900 recipients receiving jewellery news, offers and information on the projects. Our Mailchimp recipients grew to over 1,300 and they also receive news of the ministry, prayer points and needs from our project partners. Work is underway to develop the online presence by hosting separate commerce and ministry websites, with the goal of better promoting the charitable side of the organisation.

(5) Markets and pop-up events: 18 stalls took place over the course of the year, providing an informal setting in which to not only sell products but also to awareness of the issues of human trafficking, slavery and prostitution through discussion with individuals. Opportunities were also taken to share of the work in the Rep of Ireland and meetings in the South of England. The Charity also exhibited at the ‘Big Church Day Out’ Festival in June in West Sussex, providing many opportunities to sell jewellery and share about the ministry.

(6) This year our social media platform has grown in reach and numbers. Through collaboration with others, we have been able to deliver the message and vision of our work to a wider audience. This has been supported by a new part-time social media officer.

(7) We were excited to partner and develop with a new project in Myanmar. Together we have been able to partner to extend God’s love to people who have been trafficked for the purpose of sexual exploitation. Profits from jewellery sales directly benefit the women within this project, supporting various program including outreach, drop-in centres, emergency shelters, trauma counselling, vocational training, economic empowerment and community education.

PROVIDING HOPE AND LIGHT

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022

Financial review

The results are set out on pages 6 to 16.

During the year, the charity received donations and grants totalling £59,482 (2021 - £26,768). The charity made sales of jewellery amounting to £53,629 (2021 - £53,309) and net income for the year was £13,739 (2021 - £23,814).

At 30 September 2022 the charity had total funds of £82,212, of which £1,426 related to restricted funds. Free reserves of the charity at 30 June 2022 amounted to £77,878 (2021 - £62,754).

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in income, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been achieved by the balance sheet date.

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Structure, governance and management

The charity is a company limited by guarantee that was incorporated under a Memorandum of Association which established the objects and powers of the company and is governed under its Articles of Association.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mr G Stewart Mrs N Russell (Resigned 19 September 2022) Mr A Hays Dr S Campbell (Appointed 14 October 2021)

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

The charity is governed by the Trustees who meet every month.

Responsibility for day to day management of the charity is delegated to Mrs L Rainey.

Small companies exemption

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

The trustees' report was approved by the Board of Trustees.

Mr G Stewart

Trustee

Dated: 31 July 2023

PROVIDING HOPE AND LIGHT

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF PROVIDING HOPE AND LIGHT

I report to the trustees on my examination of the financial statements of Providing Hope and Light (the charity) for the year ended 30 September 2022.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the charity is not subject to audit under company law, and is eligible for independent examination, it is my responsibility to:

Independent examiner's statement

I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters.

PROVIDING HOPE AND LIGHT

INDEPENDENT EXAMINER'S REPORT (CONTINUED) TO THE TRUSTEES OF PROVIDING HOPE AND LIGHT

I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention.

Mr Nigel Moore FCA GMcG BELFAST

Chartered Accountants & Statutory Auditor Alfred House 19 Alfred Street Belfast BT2 8EQ

Dated: 31 July 2023

PROVIDING HOPE AND LIGHT

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 SEPTEMBER 2022

Unrestricted
Restricted
funds
funds
2022
2022
Notes
£
£
Income from:
Donations and
legacies
2
55,226
4,256
Charitable activities
3
53,629
-
Total income
108,855
4,256
Expenditure on:
Charitable activities
4
94,672
4,700
Net incoming/(outgoing)
resources before
transfers
14,183
(444)
Gross transfers
between funds
(1,474)
1,474
Net income for the year/
Net movement in funds
12,709
1,030
Fund balances at 1 October
2021
68,077
396
Fund balances at 30
September 2022
80,786
1,426		 Total
Unrestricted
Restricted
funds
funds
2022
2021
2021
£
£
£
59,482
38,693
3,683
53,629
53,729
-
113,111
92,422
3,683
99,372
68,551
3,740
13,739
23,871
(57)
-
(453)
453
13,739
23,418
396
68,473
44,659
-
82,212
68,077
396		 Total
2021
£
42,376
53,729
96,105
72,291
23,814
-
23,814
44,659
68,473

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

PROVIDING HOPE AND LIGHT

BALANCE SHEET

AS AT 30 SEPTEMBER 2022

Notes
Fixed assets
Intangible assets
9
Tangible assets
10
Current assets
Stocks
11
Debtors
12
Cash at bank and in hand
Creditors: amounts falling due within
one year
13
Net current assets
Total assets less current liabilities
Income funds
Restricted funds
14
Unrestricted funds		 2022
£
15,880
1,391
64,183
81,454
(2,150)		 £
1,710
1,198
2,908
79,304
82,212
1,426
80,786
82,212		 2021
£
18,715
996
50,103
69,814
(6,664)		 £
4,342
981
5,323
63,150
68,473
396
68,077
68,473

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 September 2022. No members have required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 31 July 2023

Mr G Stewart Trustee

Company registration number NI664431

PROVIDING HOPE AND LIGHT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022

1 Accounting policies

Charity information

Providing Hope and Light is a private company limited by guarantee incorporated in Northern Ireland. The registered office is 35b Main Street, Ballyclare, Co Antrim, BT39 9AA.

1.1 Reporting period

The company was incorporated on 17 September 2019. The comparative figures relate to the period from 17 September 2019 to 30 September 2020 and are, therefore, not entirely comparable.

1.2 Accounting convention

The financial statements have been prepared in accordance with the charity's Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.4 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.5 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Income from the sale of jewellery is recognised at the point of sale.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

PROVIDING HOPE AND LIGHT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022

1 Accounting policies (Continued)

1.6 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

Support costs are those costs incurred directly in support of expenditure on the objects of the charity. Governance costs are those incurred in connection with administration of the company and compliance with constitutional and statutory requirements.

1.7 Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Website 33% per annum

1.8 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings 25% per annum Computers 33% per annum

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.9 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.10 Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

PROVIDING HOPE AND LIGHT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022

1 Accounting policies (Continued)

1.11 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.12 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.13 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.14 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

PROVIDING HOPE AND LIGHT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022

2 Donations and legacies

Unrestricted
Restricted
funds
funds
2022
2022
£
£
Donations and gifts
51,726
4,256
Grants
3,500
-
55,226
4,256
Grants receivable for core activities
CJRS grants
-
-
TBF Thompson
3,500
-
3,500
-		 Total
Unrestricted
Restricted
funds
funds
2022
2021
2021
£
£
£
55,982
23,085
3,683
3,500
15,608
-
59,482
38,693
3,683
-
15,608
-
3,500
-
-
3,500
15,608
-		 Total
2021
£
26,768
15,608
42,376
15,608
-
15,608

PROVIDING HOPE AND LIGHT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022

3 Charitable activities

Charitable Charitable
Income Income
2022 2021
£ £
Sales of jewellery 53,629 53,309
Jewellery making classes - 420
53,629 53,729

4 Charitable activities

Charitable
Charitable
Expenditure Expenditure
2022 2021
£ £
Staff costs 44,319 44,300
Depreciation and impairment 3,164 3,014
Safe work - jewellery purchases to support projects 17,390 6,776
Carriage 698 1,061
Donations 16,235 5,770
Postage and stationery 3,146 1,982
Travel expenses 5,536 -
Computer expenses 382 42
Advertising 2 837
Other expenditure 651 -
91,523 63,782
Share of support costs (see note 5) 7,315 8,259
Share of governance costs (see note 5) 534 250
99,372 72,291
Analysis by fund
Unrestricted funds 94,672 68,551
Restricted funds 4,700 3,740
99,372 72,291

PROVIDING HOPE AND LIGHT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022

5 Support costs

Support
costs
Governance
costs
£
£
Bank charges
854
-
Insurance
888
-
Rent
5,160
-
Heat and light
413
-
Repairs and
maintenance
-
-
Legal and professional
-
534
7,315
534
Analysed between
Charitable activities
7,315
534		 2022
Support
costs
Governance
costs
£
£
£
854
611
-
888
1,599
-
5,160
5,160
-
413
817
-
-
72
-
534
-
250
7,849
8,259
250
7,849
8,259
250		 2021
£
611
1,599
5,160
817
72
250
8,509
8,509

6 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

7 Employees

The average monthly number of employees during the year was:

2022 2021
Number Number
- 1
Employment costs 2022 2021
£ £
Wages and salaries 40,781 40,712
Social security costs 277 401
Other pension costs 3,261 3,187
44,319 44,300

There were no employees whose annual remuneration was more than £60,000.

8 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

PROVIDING HOPE AND LIGHT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2022

9
Intangible fixed assets
Cost
At 1 October 2021 and 30 September 2022
Amortisation and impairment
At 1 October 2021
Amortisation charged for the year
At 30 September 2022
Carrying amount
At 30 September 2022
At 30 September 2021
10
Tangible fixed assets
Fixtures and
fittings
Computers
£
£
Cost
At 1 October 2021
568
885
Additions
750
-
At 30 September 2022
1,318
885
Depreciation and impairment
At 1 October 2021
119
355
Depreciation charged in the year
236
295
At 30 September 2022
355
650
Carrying amount
At 30 September 2022
963
235
At 30 September 2021
449
532
11
Stocks
2022
£
Finished goods and goods for resale
15,880		 Website
£
7,898
3,555
2,633
6,188
1,710
4,342
Total
£
1,453
750
2,203
474
531
1,005
1,198
981
2021
£
18,715

PROVIDING HOPE AND LIGHT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022

12
Debtors
Amounts falling due within one year:
Other debtors
Prepayments and accrued income
13
Creditors: amounts falling due within one year
Other taxation and social security
Other creditors
Accruals and deferred income		 2022
£
384
1,007
1,391
2022
£
895
505
750
2,150		 2021
£
-
996
996
2021
£
2,333
722
3,609
6,664

PROVIDING HOPE AND LIGHT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022

14 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Movement in funds Movement in funds Movement in funds Movement in funds
Incoming Resources Transfers Balance at Incoming Resources Transfers Balance at
resources expended 1 October 2021 resources expended 30 September
2022
£ £ £ £ £ £ £ £
Pakistan appeal 3,287 (3,740) 453 - 455 (500) 45 -
Break the Chain 396 - - 396 - (1,500) 1,104 -
Broken Vessels - - - - 2,375 (2,700) 325 -
Hope House - - - - 1,426 - - 1,426
3,683 (3,740) 453 396 4,256 (4,700) 1,474 1,426

PROVIDING HOPE AND LIGHT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022

15
Analysis of net assets between funds
Unrestricted
funds
Restricted
funds
2022
2022
£
£
Fund balances at 30
September 2022 are
represented by:
Intangible fixed assets
1,710
-
Tangible assets
1,198
-
Current assets/(liabilities)
77,878
1,426
80,786
1,426		 Total Unrestricted
funds
Restricted
funds
2022
2021
2021
£
£
£
1,710
4,342
-
1,198
981
-
79,304
62,754
396
82,212
68,077
396		 Total
2021
£
4,342
981
63,150
68,473

16 Operating lease commitments

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Within one year
Between two and five years		 2022
£
3,870
-
3,870		 2021
£
5,160
3,870
9,030

17 Related party transactions

Remuneration of key management personnel

The remuneration of key management personnel is as follows.

2022 2021
£ £
Aggregate compensation 42,846 43,899