Caseware UK (AP4) 2023.0.135 2023.0.135 Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-31364843070610078523536850961086322353636484002023-02-01falseNo description of principal activity2024-01-31 13127899 2023-02-01 2024-01-31 13127899 2022-02-01 2023-01-31 13127899 2024-01-31 13127899 2023-01-31 13127899 2023-02-01 13127899 2022-02-01 13127899 c:RegisteredOffice 2023-02-01 2024-01-31 13127899 d:CurrentFinancialInstruments 2024-01-31 13127899 d:CurrentFinancialInstruments 2023-01-31 13127899 c:FRS102 2023-02-01 2024-01-31 13127899 c:IndependentExaminationCharity 2023-02-01 2024-01-31 13127899 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13127899 b:Trustee1 2023-02-01 2024-01-31 13127899 b:Trustee2 2023-02-01 2024-01-31 13127899 b:Trustee4 2023-02-01 2024-01-31 13127899 b:Trustee5 2023-02-01 2024-01-31 13127899 b:Trustee6 2023-02-01 2024-01-31 13127899 b:Trustee8 2023-02-01 2024-01-31 13127899 b:Trustee9 2023-02-01 2024-01-31 13127899 b:RestrictedIncomeFunds 2023-02-01 2024-01-31 13127899 b:RestrictedIncomeFunds 2022-02-01 2023-01-31 13127899 b:TotalEndowmentFunds 2023-02-01 2024-01-31 13127899 b:TotalEndowmentFunds 2022-02-01 2023-01-31 13127899 b:RestrictedIncomeFunds 2024-01-31 13127899 b:RestrictedIncomeFunds 2023-01-31 13127899 b:TotalEndowmentFunds 2024-01-31 13127899 b:TotalEndowmentFunds 2023-01-31 13127899 b:TotalUnrestrictedFunds 2024-01-31 13127899 b:TotalUnrestrictedFunds 2023-01-31 13127899 b:TotalRestrictedIncomeFunds 2024-01-31 13127899 b:TotalRestrictedIncomeFunds 2023-01-31 13127899 c:FullAccounts 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 13127899
Charity number: 1195730










CELEBRATE TRUST
(A Company Limited by Guarantee)







UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

 
CELEBRATE TRUST
 
(A Company Limited by Guarantee)
 

CONTENTS



Page
Reference and Administrative Details of the Company, its Trustees and Advisers
1
Trustees' Report
2 - 5
Independent Examiner's Report
6
Statement of Financial Activities
7
Balance Sheet
8
Notes to the Financial Statements
9 - 19

 
CELEBRATE TRUST
 
(A Company Limited by Guarantee)
 

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 JANUARY 2024


Trustees
Peter John Vince, Chair
Susan Christina Elderfield, Trustee (resigned 25 January 2024)
Richard Andrew Kennedy, Trustee
Pauline Lucy Sayer, Trustee
Timothy Richard Stevens, Trustee (resigned 28 February 2023)
Dr Sarita de Kretser, Trustee (appointed 25 September 2023)
Ian Michael Leslie Yardley, Trustee (appointed 22 January 2024)

Company registered number
13127899

Charity registered number
1195730

Registered office
Marine House
151 Western Road
Haywards Heath
West Sussex
RH16 3LH

Accountants
GMBC LLP
Chartered Tax Advisers and Accountants
Marine House
151 Western Road
Haywards Heath
West Sussex
RH16 3LH

Page 1

 
CELEBRATE TRUST
 
(A Company Limited by Guarantee)
 
  
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 JANUARY 2024

The Trustees present their annual report together with the financial statements of the Celebrate Trust for the  1 February 2023 to 31 January 2024The Annual Report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019). 
 

Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
 

Objectives and activities
 

a. Policies and objectives
 

Our Charity,CELEBRATE Trust, is a Catholic ministry that aims to inspire, equip and connect people of all ages to live an authentic Christian life in the power of the Holy Spirit, in support of the family, to form the next generation and encourage local community.
We believe that living life in the Holy Spirit has a powerful impact on families, local communities, society, and the nations, and that this call, proclaimed by the Church, is ever more urgent. CELEBRATE is a Catholic ministry, open to all members of the body of Christ. 
Through our national UK network, we train leaders, run events, host activities and produce resources to provide faith support for families, individuals and groups.
 

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
 

Page 2

 
CELEBRATE TRUST
 
(A Company Limited by Guarantee)
 
Achievements and performance
 

a. Review of activities
 

Our main objectives for the year were to help families and young adults to flourish by receiving formation and teaching, and to bring alive our baptismal promises and live our lives in the power of the Holy Spirit. Furthermore, we continued to look for opportunities to connect and partner with people, communities and organisations from all parts of the Body of Christ; all the while maintaining our focus on being missionary disciples, encouraging people to invest in their parishes and local area.
The activities we carried out to meet these objectives included:
1. CELEBRATE@home: producing a library of online family activity packs for parents, parishes and schools 
          for the formation and equipping of faith.
2.       Parenting for Faith: online courses for parents and carers of babies and toddlers and children. 
3. Parish Prayer Stations: creative ideas designed for families, parishes, and groups to create an  
          interactive prayer journey.
4. CELEBRATE goes to Big Church Festival: hosting a large community gathering of 950 people within this 
          ecumenical worship event.  
5. Joel’s Bar: week-long residential event held for the 16-28 age group for the evangelisation and formation 
          of young adults.
 

Financial review
 

a. Going concern
 

After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
 

b. Reserves policy
 

Unrestricted reserves are required to allow for any funding gaps that may arise because of different timing of income and expenditure across the financial period, to cover unpredicted future expenditure and to allow for possible emergency expenses. CELEBRATE Trustees aim to always retain at least three months in unrestricted reserves. Reserves are monitored closely by Trustees and the reserves policy is reviewed annually.
 

Structure, governance and management
 

a. Constitution
 

Celebrate Trust is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association.
 

b. Methods of appointment or election of Trustees
 

The management of the Company is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association.
 

Page 3

 
CELEBRATE TRUST
 
(A Company Limited by Guarantee)
 
Structure, governance and management (continued)

c. Financial risk management
 

The Trustees have assessed the major risks to which the Company is exposed, in particular those related to the operations and finances of the Company, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
 

Plans for future periods
 

Plans for future periods
1. 2024 National CELEBRATE Family weekend for families, young adults, parishes, and local groups    
         incorporating teaching, community, and intergenerational ministry
2. CELEBRATE Bible Celebrations: launching a new resource to facilitate local parish bible celebration 
          events encouraging community and an understanding of creative ways to explore the Gospel. 
4. CELEBRATE@home: ongoing creation and publication of further online family activity packs and prayer 
           resources. 
5.  Faith Parenting:  Development of further online events to equip and support parents and carers in the  
          teaching of children and teenagers. 
6.  Joel’s Bar parish event to extend our reach to support more young adults in faith.  .
          group to encourage families and community building. 
 

Members' liability
 

The Members of the Company guarantee to contribute an amount not exceeding £10 to the assets of the Company in the event of winding up.
 

Statement of Trustees' responsibilities
 

The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).


Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles of the Charities SORP (FRS 102);
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.


The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.


 

Approved by order of the members of the board of Trustees on 31 October 2024 and signed on their behalf by:
 

Page 4

 
CELEBRATE TRUST
 
(A Company Limited by Guarantee)
 



Peter John Vince
(Chair of Trustees)
Page 5

 
CELEBRATE TRUST

(A Company Limited by Guarantee)
 
 
 
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 JANUARY 2024

Independent Examiner's Report to the Trustees of Celebrate Trust ('the Company')
 
I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 January 2024.

Responsibilities and Basis of Report

As the Trustees of the Company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent Examiner's Statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1.
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

2.
the accounts do not accord with those records; or

3.
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or

4.
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].


I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

This report is made solely to the Company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008My work has been undertaken so that I might state to the Company's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Company and the Company's Trustees as a body, for my work or for this report.




Signed:      Dated: 31 October 2024

Graham Hole     

GMBC LLP
Chartered Tax Advisers and Accountants
Marine House
151 Western Road
Haywards Heath
West Sussex
RH16 3LH
Page 6

 
CELEBRATE TRUST
 
(A Company Limited by Guarantee)

 
 
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 JANUARY 2024


Restricted funds
2024
Unrestricted funds
2024
Total
funds
2024
Total
funds
2023
Note
        £
        £
        £
        £

Income from:







Donations and legacies

3

46,800

58,270

105,070

77,876
 
Other trading activities

4

-

33,232

33,232

20,360
 
Investments

5

-

134

134

13
 
Total income
46,800
91,636
138,436
98,249
Expenditure on:







Charitable activities

6

53,274

64,441

117,714

108,920
 
Other unallocated

-
-
(1)
-
Total expenditure
53,274
64,441
117,715
108,920

Net movement in funds
  
(6,474)
27,195
20,721
(10,671)

Reconciliation of funds:

  





Total funds brought forward

  

18,242

15,353

33,595

44,266
 
Net movement in funds

  

(6,474)

27,195

20,721

(10,671)
 
Total funds carried forward
  
11,768
42,548
54,316
33,595

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 9 to 19 form part of these financial statements.

Page 7

 
CELEBRATE TRUST
 
(A Company Limited by Guarantee)
REGISTERED NUMBER: 13127899

 
 
BALANCE SHEET
AS AT 31 JANUARY 2024


2024
2023
Note
£
£

Current assets
  

Debtors
 10 
3,031
3,560

Cash at bank and in hand
  
52,761
41,771

  
55,792
45,331

Creditors: amounts falling due within one year
 11 
(1,476)
(11,736)

Net current assets 
  
 
 
54,316
 
 
33,595

Total assets less current liabilities
  
54,316
33,595

Total net assets 
  
54,316
33,595


Charity funds
  

Restricted funds
 13 
11,768
18,242

Unrestricted funds
 13 
42,548
15,353

Total funds
  
54,316
33,595

The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

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

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

The financial statements were approved and authorised for issue by the Trustees on 31 October 2024 and signed on their behalf by:




Peter John Vince
(Chair of Trustees)

The notes on pages 9 to 19 form part of these financial statements.

Page 8

 
CELEBRATE TRUST

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Celebrate Trust is a private company, limited by guarantee, domiciled in England and Wales, registration
number 13127899. The registered charity number is 1195730. The registered office of the charitable
company is Marine House, 151 Western Road, Haywards Heath, West Sussex, United Kingdom, RH16  3LH. 


2.Accounting policies

  
2.1

Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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 Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Celebrate Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

  
2.2

Income

All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

  
2.3

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. Expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

Page 9

 
CELEBRATE TRUST

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

  
2.4

Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

  
2.5

Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

  
2.6

Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.


2.7

Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.

  
2.8

Financial instruments

The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

  
2.9

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

Page 10

 
CELEBRATE TRUST

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

3.

Income from donations and legacies





Restricted funds
2024
Unrestricted funds
2024
Total
funds
2024
Total
funds
2023
        £
        £
        £
        £
Donations






Community account funds

-

-

-

20
 
Subtotal detailed disclosure



-
-
-
20
Donations

12,500

44,270

56,770

48,356
 
Grants

34,300

14,000

48,300

29,500
 
Subtotal



46,800
58,270
105,070
77,856
Total 2024


46,800
58,270
105,070
77,876
Total 2023


28,924
48,952
77,876

Community account funds donation relates to funds held at regional level for the same purposes as Celebrate Trust and prior to the set up of this charitable company. The funds have been donated to Celebrate Trust.

Page 11

 
CELEBRATE TRUST

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.

Income from charitable activities

Income from charitable trading activities




Unrestricted funds
2024
Total
funds
2024
Total
funds
2023
        £
        £
        £




Tickets and other income Joel's Bar

33,132

33,132

20,160
 
Advertising income

100

100

200
 
Total 2024


33,232
33,232
20,360
Total 2023


20,360
20,360


5.

Investment income




Unrestricted funds
2024
Total
funds
2024
Total
funds
2023
        £
        £
        £




Bank interest

134

134

13
 
Total 2023


13
13



6.

Analysis of expenditure on charitable activities


Summary by fund type





Restricted funds
2024
Unrestricted funds
2024
Total
2024
Total
2023
        £
        £
        £
        £





Formation and teaching that brings life to Baptism in the Holy Spirit through events

53,274

64,441

117,715

108,920
 
Other
-
-
(1)
-
Total 2023


21,650
87,270
108,920
Page 12

 
CELEBRATE TRUST

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

6.Analysis of expenditure on charitable activities (continued)

Summary by fund type (continued)



7.

Analysis of expenditure by activities





Activities undertaken directly
2024
Support costs
2024
Total
funds
2024
Total
funds
2023
        £
        £
        £
        £





Formation and teaching that brings life to Baptism in the Holy Spirit through events

100,939

16,775

117,714

108,920
 
Total 2023


97,983
10,937
108,920


Analysis of direct costs




Activities
2024
Total
funds
2024
Total
funds
2023
        £
        £
        £




Joel's Bar annual event

40,019

40,019

31,215
 
Big Church Fesitval event

8,432

8,432

7,396
 
Other seminars and events including National Networking and Pop-Up Afternoons

1,543

1,543

3,626
 
Residential retreat event donation

2,785

2,785

1,950
 
Staff costs

48,160

48,160

53,796
 
Total 2024


100,939
100,939
97,983
Total 2023


97,983
97,983

Page 13

 
CELEBRATE TRUST

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

7.Analysis of expenditure by activities (continued)

Analysis of support costs




Activities
2024
Total
funds
2024
Total
funds
2023
        £
        £
        £




IT software and consumables

704

704

86
 
Design costs

808

808

-
 
Printing, postage and stationery

733

733

113
 
Travel and subsistence

4,333

4,333

-
 
General expenses

207

207

564
 
Safeguarding costs

1,253

1,253

1,194
 
Room hire

249

249

900
 
Storage costs

3,383

3,383

1,676
 
Subscriptions

646

646

739
 
Training

69

69

-
 
Accountancy

1,080

1,080

600
 
Bookkeeping

192

192

2,791
 
Advertising and promotion

861

861

100
 
Insurance

2,257

2,257

2,174
 
Total 2024


16,775
16,775
10,937
Total 2023


10,937
10,937

Page 14

 
CELEBRATE TRUST

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

8.

Independent examiner's remuneration

2024
2023
£
£

Fees payable to the Company's independent examiner for the independent examination of the Company's annual accounts
840
600


9.


Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2023 - £NIL).

During the year ended 31 January 2024, no Trustee expenses have been incurred (2023 - £NIL).


10.



Debtors


2024
2023
£
£


Due within one year

Prepayments and accrued income
3,031
3,560

3,031
3,560


11.



Creditors: Amounts falling due within one year


2024
2023
£
£


Accruals
1,476
11,736

Page 15

 
CELEBRATE TRUST

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

12.



Financial instruments


2024
2023
£
£

Financial assets

Financial assets measured at amortised cost
52,761
41,771

2024
2023
£
£

Financial liabilities

Financial liabilities measured at amortised cost
(1,476)
(1,236)

Financial assets measured at amortised cost comprise cash at bank and in hand.

Financial liabilities measured at amortised cost comprise accruals.

Page 16

 
CELEBRATE TRUST

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

13.

Statement of funds


Statement of funds - current year

Balance at 1 February 2023
£
Income
£
Expenditure
£
Balance at 31 January 2024
£

Unrestricted funds





General Funds - all funds

15,353

91,636

(64,441)

42,548
 

Restricted funds






Lay Children and Family Lead costs

13,242

14,300

(17,342)

10,200
 
Sponsorship and resources for Big Church Festival event

-

10,000

(8,432)

1,568
 
Joel's Bar event safety deposit

5,000

-

(5,000)

-
 
Joel's Bar annual event running costs

-

22,500

(22,500)

-
 



18,242
46,800
(53,274)
11,768

Total of funds


33,595
138,436
(117,715)
54,316

Page 17

 
CELEBRATE TRUST

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

13.

Statement of funds (continued)



Statement of funds - prior year

Balance at
1 February 2022
£
Income
£
Expenditure
£
Balance at
31 January 2023
£

Unrestricted funds





General Funds 

33,298

69,325

(87,270)

15,353
 


Restricted funds






Lay Children and Family Lead costs

10,968

12,500

(10,226)

13,242
 
Sponsorship and resources for Big Church Festival event

-

10,000

(10,000)

-
 
Joel's Bar event safety deposit

-

5,000

-

5,000
 
Joel's Bar annual event running costs

-

1,424

(1,424)

-
 



10,968
28,924
(21,650)
18,242


Total of funds


44,266
98,249
(108,920)
33,595


Aim and use of restricted funds

Lay Children and Family Lead costs restricted fund was set up in the prior year with a grant from Assumption Legacy Fund. A further donation was received in the current year. The expenditure incurred relates to the Lay Children and Family Lead amounts paid.   
Sponsorship and resources for Big Church Festival event fund was set up with a grant received from the Bible Society. The costs incurred during the year relate to the 2023 event.
Joel's Bar event safety deposit fund was set up in 2022 and is for use against the Joel's Bar annual venue refundable safety deposit.
 

Page 18

 
CELEBRATE TRUST

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

14.

Analysis of net assets between funds

Analysis of net assets between funds - current year

Restricted funds
2024
Unrestricted funds
2024
Total
funds
2024
        £
        £
        £



Current assets

11,768

44,024

55,792

Creditors due within one year

-

(1,476)

(1,476)

Total 


11,768
42,548
54,316



Analysis of net assets between funds - prior year

Restricted funds
2023
Unrestricted funds
2023
Total
funds
2023
        £
        £
        £



Current assets

18,242

27,089

45,331

Creditors due within one year

-

(11,736)

(11,736)

Total 

18,242
15,353
33,595

Page 19