Company Registration Number: NI040259 |
Charity Number: 103411 |
(A company limited by guarantee, not having a share capital) |
for the financial year ended |
Crown Jesus Ministries |
(A company limited by guarantee, not having a share capital) |
REFERENCE AND ADMINISTRATIVE INFORMATION |
Trustees | |
Company Secretary | |
Charity Number in Northern Ireland | |
Company Registration Number | |
Registered Office | |
Independent Examiner | |
Chartered Accountants | |
14 Longstone Street | |
Lisburn | |
Co Antrim | |
BT28 1TP |
Crown Jesus Ministries |
(A company limited by guarantee, not having a share capital) |
TRUSTEES' ANNUAL REPORT |
for the financial year ended 31 July 2024 |
The trustees present their Trustees' Annual Report, combining the Directors' Report and Trustees' Report, and the unaudited financial statements for the financial year ended 31 July 2024. |
The financial statements are prepared in accordance with the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The Trustees' Report contains the information required to be provided in the Trustees' Annual Report under the Statement of Recommended Practice (SORP) guidelines. The trustees of the charity are also charity trustees for the purpose of charity law and under the charity's constitution are known as members of the board of trustees. In this report the trustees of Crown Jesus Ministries present a summary of its purpose, governance, activities, achievements and finances for the financial year 31 July 2024. |
The charity is a registered charity and hence the report and results are presented in a form which complies with the requirements of the Companies Act 2006 and, although not obliged to comply with the Statement of Recommended Practice applicable in the UK and Republic of Ireland FRS 102, the organisation has implemented its recommendations where relevant in these financial statements. |
Mission, Objectives and Strategy |
Mission Statement |
Our Vision Crown Jesus Ministries was birthed in May 1999 with an all Ireland 32 county vision, to see the people of Ireland crown Jesus Lord of their lives. Their aim is to communicate Jesus in a relevant way through teams of staff and volunteers active in childrens, youth, student, adult, and special education ministries. These teams deliver across Ireland and beyond in both a digital and physical way. The strategy is to not only be active in evangelism but to identify, raise up and equip evangelists across Ireland and to serve the local church in evangelism and training. Their reach may extend beyond the island but only if it adds value to their vision on it. The ministrys HQ is based in Belfast, they have offices in Dublin and work out of their mission centres, Hope Monaghan in Co Monaghan and Hope Chapel Lane in Belfast City Centre. The ministry celebrated their 25th birthday in May 2024, reflecting on a rich history of evangelism while looking forward to the future and affirming their commitment to mission in all 32 counties of Ireland. For more on their mandate visit www.crownjesus.org/our-story. |
Strategy |
Our Activities To achieve their vision, the ministry delivers a variety of programmes and events and provides training and resources, some of which are detailed below. Klass Kids The childrens department delivers bible-based programmes in schools and churches to primary school aged children. They visit schools (including SEN) to take school assemblies, teach RE classes or run afterschool clubs and visit church GB/BB groups, Sunday schools and participate in church services. Using puppets alongside creative digital media and storytelling, the team reaches thousands of children each year. Crown Jesus Youth The youth department partners with Christian school teachers and youth leaders to deliver programmes that are culturally relevant and bible-based. 1Way is an initiative for post-primary schools that seeks to engage the whole school through a series of special events and classroom workshops leading to an evening outreach event. Additionally, curriculum based RE classes can be delivered in-person or through resources on CJMedia. HUB is an event run tri-annually for church youth groups to come together and connect through worship, teaching and ministry. The team also deliver evangelism training. Adult Evangelism The adult department works alongside churches to support, train, and equip in evangelism. This ranges from partner church projects with an individual church or a group of churches, to delivering evangelism training in-person or online, to helping churches develop missional strategies. Our County-wide initiatives focus on resourcing every home and school with a message of Hope (physical and digital), supported by prayer gatherings, free training for churches and local outreach events for kids, youth and adults. The School of Evangelism provides teaching and training for groups and individuals delivered in-person and online. A network of evangelists from across Ireland is building and they meet together for teaching and fellowship at the annual Evangelists Gathering. Academy The Crown Jesus Academy is a year out programme that provides opportunities to serve, learn and grow. Students can choose from four streams; Engage (Kids, Youth & Schools Ministry), Reach (Adult Evangelism & Prayer), Create (Digital Media & Communications) and Virtual (Online programme). CJMedia (cjmedia.online) Launched in Oct 2020, this resource website provides relevant resources, training and teaching material for school teachers, ministers, kids and youth workers and many others. The resources include videos, worksheets, keynotes and live streams produced by the in-house team or in partnership with other organisations. All resources are free of charge after registration is completed. Hope Monaghan Hope is a Missional Community Centre in Monaghan which offers practical Christian love through foodbank, soup lunches, prayer ministry and an after-school café for teenagers. It runs in partnership with a local church. Hope Chapel Lane Situated in the heart of Belfast City Centre, this missional hub is open Monday to Friday as the team work in partnership with a variety of agencies offering practical help and support with a focus of pointing people to the transforming love of Jesus. Previously Berry Street Presbyterian, Hope Chapel Lane is a place to worship, serve, learn, and pray with a focus on revival and mission. A typical week involves street evangelism and prayer on Monday, Teen Challenge partnership on Wednesday, Friday and Saturday, Revival Now gatherings on Thursday evenings and a Prayer Healing Clinic on Friday. |
Structure, Governance and Management |
Structure |
Crown Jesus Ministries is a company limited by guarantee. The company was incorporated on 21 February 2001. The company was established under a Memorandum of Association which established the objectives and powers of the company and is governed by its Articles of Association. The liability of it's members is limited in that every member of the company undertakes to contribute an amount not exceeding £10 in the event of the company being wound up. |
Management |
The Trustees and senior management team meet approximately 8 times per year to set strategy, discuss significant matters, agree pay structures and review financial reports. During these meetings important decisions are made by the consensus of the Trustees. Day to day decisions making responsibilities are delegated to the senior management team of Keith Mitchell, Amanda Mitchell and Steven Halliday. |
Review of Activities, Achievements and Performance |
Highlights from Aug 2023 July 2024 As the ministry reflects on the year past, there is much to be thankful for. The ministry has remained consistent in delivering programmes across schools and churches and has seen a significant increase in its partnerships and work in ROI. Missions Week saw evangelistic events in every county in Ireland in one week. Events included preaches, womens events, school visits, curry nights, arts festivals, and street evangelism. DadCamp ran in partnership with YMCA Belfast in August with one weekend camp for Dads and their kids. Hosted Hope Ireland Celebration in the Waterfront Hall in partnership with Leading the Way with Dr Michael Youssef. The kids team completed 60 schools visits, with 7 being SEN schools and 17% new schools in NI and ROI. 40 after schools sessions were run in 6 different schools. Revival Now Gatherings occurred most Thursday evenings at Hope Chapel Lane, with a diverse group of people (both Christians and non-Christians) coming to worship, receive prayer, and hear preaching, with many choosing to put their trust in Jesus and testimonies of healing. The youth team worked with 47 post primary schools and 15 church youth groups. Summer Madness ran a 1Way event in the big tent on Sunday night for 1500 young people and supported YFC with their tent and programme. Filmed and produced content for BBNI on how to lead someone to Christ. The kids team visited 22 churches and delivered 10 specific programmes in 10 BB Companies. Produced a new youth resource for new Christians called Next Steps. Our Academy programme ran with 5 students focusing on our Reach (Adult evangelism) and Engage streams (Kids, Youth and Schools). The first Academy Mission trip was in Cork, Ireland where they delivered a school assembly and childrens programme. Hosted 3 Interns Together gatherings designed to inspire, equip and encourage those completing interns in ministry settings. Hosted the 9th Annual Evangelist Gathering in Oct 23 with special guest Fergus Scarfe from God TV and attendees from across the island. Ran a second Gathering in May 24 with evangelist Andrew Cannon. Ran three HUB events at Crown Jesus HQ for SU groups and youth fellowships with over 100 in attendance each night. Produced media content for GOD TV, UCB Ireland, and TBN UK. School of Evangelism relaunched in Feb 24 with over 40 students, more than half coming from ROI. Teaching was delivering in both Dublin, Belfast and online. Klass Kids Ultimate Christmas Extravaganza ran 8 showings with over 1500 children, teachers and families attending. The kids team travelled over 4000 miles and reached over 16,000 children with the good news of Jesus. Supported New Life Church in Drogheda to set up and deliver a youth outreach event and Templepatrick Presbyterian to launch and establish a new youth group. SHINE ran across the UK and Ireland with approx. 400 groups from churches and schools registering to use the material. SHINE kids programme was used by 52 different groups in Northern Ireland. Guest speakers at many events and churches including Eagles Fellowship summer camp, Armagh Elim, West Church, Youth Initiatives, Christian Principles Ass., Cookstown Unite festival, Bethany Church, New Wine, Portadown Elim, Carryduff Elim, Arklow, PW Services, Shalom Church Monaghan, Every Nation Church, Exchange Church, All Nations Church, Barrowvalley, Lisburn City Church, Ballyalbany Church, Carrick Elim, Maghaberry Elim, Saintfield Rd Presbyterian, Fisherwick Pres, The Way Church. Delivered evangelism training through Sports Chaplaincy, Pulse youth Camp, SUNI, CFC, Kilkenny Churches, Belfast Bible College, Elim College. The Prayer Healing Clinic continued to run from Hope Chapel Lane every Friday morning seeing many people place their trust in Jesus for the first time and testimonies of healing and deliverance. Helped establish and launch Throne Room, a new prayer gathering for students in Belfast. Hosted a leadership conference with Dr John Andrews for those in Christian ministry / leadership. Speaking engagements in UK: J.John Evangelist Conference, TeenChallenge UK, New Day Church Lancashire. Delivered two large scale projects in Co Offaly and Limerick. - Joy to the World, Co Offaly. Alongside 3 ministry partners and partnering with 2 evangelical churches in order to reach the whole county with the gospel in Nov/Dec 2023. Resources were produced to engage with adults, youth and kids. 40,000 tracts, leaflets and Christmas cards were posted into 20,000 homes across the county and received by 80 schools. Digital resources included 5 online video resources. All complimented by 7 days of street outreach, and 6 carol services. People responded to the gospel on the streets and through attending the carol services. - St Patricks Hope, Limerick City. Partnering with Abundant Life Church, Limerick Baptist, and Snowball Church to deliver a similar project as Co Offaly. Resources were produced for adults, youth and kids and complimented by a St Patricks Hope website and 3 video resources. 46,000 flyers were posted into 34,600 homes, 19,000 youth and kids resources were delivered to 31 primary schools and 14 secondary schools. The churches ran 8 outreach events with approx. 30 people deciding to place their trust in Jesus. All 3 churches have seen a significant increase in returning visitors to their churches. Welcome 3 students from Stranmillis for a two-week alternative placement and 1 student from Belfast Bible College who joined us once a week for the academic year. Ran two 1WAY youth events: - Antrim Grammar School supported by local youth workers. After 2 weeks of in school programmes (assemblies, special guests, music lessons, PE classes and SU), 300 pupils attended the evening outreach event. 57 pupils competed decision cards in response to the gospel and one classroom assistant also gave her life to Jesus. The SU continues to grow. - Rathfriland High School also supported by local church youth workers. Following a similar programme as Antrim Grammar, the evening event had 200 pupils attending with every single one walking to the front in response to the gospel message at the end. Follow up included a discipleship programme ran through the school SU which has seen significant growth since the event. Celebrated our 25th Birthday with an evening event at The Mill Studios in our HQ in Belfast. Updated and rebranded the CJMedia website Organised and ran three days of retreats in Dublin with 10 post primary schools. Continued to sit on and lead steering teams for schools ministry and youth ministry across Ireland (Venture 32 and Together). Staff retreat away at Drumalis Centre. Hosted a missions team from Journey Church Intl in Kansas City who served at Summer Madness. Street Evangelism across the island of Ireland in partnership with local churches (Fleadh Mullingar, Limerick City, Portlaoise, Co Offaly, Leitrim, Enniskillen, Derry, Balbriggan, Donegal, Stillorgan) and at Hope Chapel Lane every Monday afternoon, seeing on average 4/5 people responding to the gospel at each outing. The ministry is thankful for the ongoing and regular financial support received from individuals and churches. The ministry would also like to extend thanks to the following Trusts and Donors who have supported them during this financial year, many who wish to remain anonymous, but including DadCamp USA, Solomon Trust, and Lynas Charitable Trust. |
Our team Hello and welcome: Sam Hamilton Videographer Richard Magrath Director NI Emily Magrath Director NI Matthew Kennedy Director NI Alec Goode Director ROI Goodbye and thank you: Peter Kirch Videographer The ministry wishes to thank Peter for his commitment to the ministry through his time in the Academy and as a member of staff. His passion for film and communicating the love of Jesus was evident through his dedication, creativity, and pastoral heart. Barry Weir Church Relations Coordinator (in partnership with LTW, one year contract) The ministry wishes to thank Barry for his commitment to the LTW project and his hard work and determination to see it realized. Barry developed networks and built lasting relationships with churches and ministries across Ireland which continue today. David Clelland Director NI The ministry is indebted to David for his wisdom, guidance and support to the Board of Crown Jesus Ministries. |
Financial Review |
The results for the financial year are set out on page 10 and additional notes are provided showing income and expenditure in greater detail. |
Financial Results |
At the end of the financial year the charity has assets of £474,874 (2023 - £524,014) and liabilities of £6,565 (2023 - £12,294). The net assets of the charity have decreased by £(43,411). |
Reserves Position and Policy |
The trustees have reviewed the reserves of the Ministry. Considering the variable income and substantially fixed commitments, the review concluded that to allow the Ministry to be managed effectively and to ensure uninterrupted delivery of the Ministry's activities, general unrestricted reserves equating to approximately six months of operational costs should be attained. At 31 July 2024 the general unrestricted reserves were £71,459 (2023- £86,450) which is less than our objective of six months of our operational costs. |
Trustees |
The trustees who served throughout the financial year, except as noted, were as follows: |
Norman Alexander Adams |
Olwen Griffith Kerr |
Robbie Frawley |
Steven Thompson |
Matthew John Kennedy (Appointed 29 November 2023) |
David Robert Edward Cleland (Resigned 1 December 2023) |
Michael Harrison |
Richard Magrath |
Emily Magrath |
The secretaries who served during the financial year were: |
Steven Thompson (Appointed 20 February 2024) |
David Robert Edward Cleland (Resigned 1 December 2023) |
Compliance with Sector-Wide Legislation and Standards |
The charity engages pro-actively with legislation, standards and codes which are developed for the sector. Crown Jesus Ministries subscribes to and is compliant with the following: |
■ | The Companies Act 2006 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
■ | The Charities SORP (FRS 102) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Approved by the Board of Trustees on |
________________________________ | ________________________________ | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trustee | Trustee | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Crown Jesus Ministries |
(A company limited by guarantee, not having a share capital) |
STATEMENT OF TRUSTEES' RESPONSIBILITIES |
for the financial year ended 31 July 2024 |
The trustees, who are also directors of Crown Jesus Ministries for the purposes of company law, are responsible for preparing the financial statements in accordance with applicable law and regulations. |
Company law requires the trustees as the directors to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". 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 charity and of the net income or expenditure of the charity for that period. In preparing these financial statements, the trustees are required to: |
■ | select suitable accounting policies and apply them consistently; | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
■ | make judgements and estimates that are reasonable and prudent; | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
■ | state whether the financial statements have been prepared in accordance with the relevant financial reporting framework, identify those standards, and note the effect and the reasons for any material departure from those standards; and | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
■ | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The trustees confirm that they have complied with the above requirements in preparing the financial statements. |
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity 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 charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. |
Approved by the Board of Trustees on 18 February 2025 and signed on its behalf by: |
________________________________ | ________________________________ | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trustee | Trustee | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Crown Jesus Ministries |
(A company limited by guarantee, not having a share capital) |
INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF CROWN JESUS MINISTRIES |
I have examined the financial statements of the charity for the financial year ended 31 July 2024, which comprise the Statement of Financial Activities (incorporating an Income and Expenditure Account), the Balance Sheet and the related notes. |
This report is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. My work has been undertaken so that I might compile the financial statements that I have been engaged to compile, report to the Board of Trustees that I have done so, and state those matters that I have agreed to state to them in this 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 charity and the charity's members, as a body, for my work, or for this report. |
Respective responsibilities of trustees and examiner |
The charity's trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006. The charity's trustees consider that an audit is not required for this financial year under Chapter 3 of Part 16 of the Companies Act 2006 and that an independent examination is required. |
It is my responsibility to: |
■ | examine the financial statements under section 65 of the Charities Act; | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
■ | follow the procedures laid down by the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act; and | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
■ | state whether particular matters have come to my attention. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Basis of independent examiner's report |
I have examined your charity financial statements 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. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a true and fair view and the report is limited to those matters set out in the statement below. |
In connection with my examination, no matter has come to my attention which gives me cause to believe that in, any material respect: |
■ | accounting records were not kept in accordance with section 386 of the Companies Act 2006 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
■ | the financial statements do not accord with those accounting records | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
■ | the financial statements have not been prepared in accordance with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the 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 (FRS102) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
■ | there is further information needed for a proper understanding of the accounts to be reached. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Independent examiner's statement |
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 financial statements to be reached. |
__________________________________ |
John McCleary FCA |
MCCLEARY & COMPANY LTD |
Chartered Accountants |
Garvey Studios |
14 Longstone Street |
Lisburn |
Co Antrim |
BT28 1TP |
Date: |
Crown Jesus Ministries |
(A company limited by guarantee, not having a share capital) |
STATEMENT OF FINANCIAL ACTIVITIES |
(Incorporating an Income and Expenditure Account) |
for the financial year ended 31 July 2024 |
Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Funds | Funds | Funds | Funds | Funds | Funds | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2024 | 2024 | 2024 | 2023 | 2023 | 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notes | £ | £ | £ | £ | £ | £ | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income |
Donations and legacies | 3.1 | 378,185 | 98,285 | 476,470 | 366,504 | 105,779 | 472,283 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other income | 3.2 | 18,499 | - | 18,499 | 14,032 | - | 14,032 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
───────── | ───────── | ───────── | ───────── | ───────── | ───────── | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
───────── | ───────── | ───────── | ───────── | ───────── | ───────── | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expenditure |
Charitable activities | 4.1 | 417,185 | 121,195 | 538,380 | 427,451 | 92,172 | 519,623 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
───────── | ───────── | ───────── | ───────── | ───────── | ───────── | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net income/(expenditure) | (20,501) | (22,910) | (43,411) | (46,915) | 13,607 | (33,308) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Transfers between funds | - | - | - | - | - | - | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
───────── | ───────── | ───────── | ───────── | ───────── | ───────── | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net movement in funds for the financial year | (20,501) | (22,910) | ( |
( |
(33,308) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reconciliation of funds: |
Total funds beginning of the year | 14 | 400,285 | 111,435 | 511,720 | 447,200 | 97,828 | 545,028 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
───────── | ───────── | ───────── | ───────── | ───────── | ───────── | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total funds at the end of the year | 379,784 | 88,525 | 468,309 | 400,285 | 111,435 | 511,720 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
═════════ | ═════════ | ═════════ | ═════════ | ═════════ | ═════════ | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The Statement of Financial Activities includes all gains and losses recognised in the financial year. |
All income and expenditure relate to continuing activities. |
Crown Jesus Ministries |
(A company limited by guarantee, not having a share capital) |
Company Number: NI040259 |
BALANCE SHEET |
as at |
2024 | 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notes | £ | £ | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fixed Assets |
Tangible assets | 9 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
───────── | ───────── | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current Assets |
Debtors | 10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash at bank and in hand | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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───────── | ───────── | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Creditors: Amounts falling due within one year | 11 | ( |
( |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
───────── | ───────── | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Current Assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
───────── | ───────── | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Assets less Current Liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
═════════ | ═════════ | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Funds |
Restricted funds | 88,525 | 111,435 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
General fund (unrestricted) | 379,784 | 400,285 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
───────── | ───────── | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total funds | 14 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
═════════ | ═════════ | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Approved by the Board of Trustees and authorised for issue on |
________________________________ | ________________________________ | ||||
Trustee | Trustee |
Crown Jesus Ministries |
(A company limited by guarantee, not having a share capital) |
NOTES TO THE FINANCIAL STATEMENTS |
for the financial year ended 31 July 2024 |
1. | GENERAL INFORMATION | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Crown Jesus Ministries is a company limited by guarantee incorporated in Northern Ireland. The registered office of the charity is 7 Calvin Street, Belfast, BT5 4NS which is also the principal place of business of the charity. The financial statements have been presented in Pound (£) which is also the functional currency of the charity. |
2. | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the charitys financial statements. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Basis of preparation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Statement of compliance | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow statement | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The charity has availed of the exemption in FRS 102 from the requirement to produce a cash flow statement because it is classified as a small charity. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fund accounting | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The following are the categories of funds maintained: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restricted funds | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restricted funds represent income received which can only be used for particular purposes, as specified by the donors. Such purposes are within the overall objectives of the charity. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unrestricted funds | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unrestricted funds consist of General and Designated funds. ■ General funds represent amounts which are expendable at the discretion of the board, in furtherance of the objectives of the charity. ■ Designated funds comprise unrestricted funds that the board has, at its discretion, set aside for particular purposes. These designations have an administrative purpose only, and do not legally restrict the board's discretion to apply the fund. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income is recognised by inclusion in the Statement of Financial Activities only when the charity is legally entitled to the income, performance conditions attached to the item(s) of income have been met, the amounts involved can be measured with sufficient reliability and it is probable that the income will be received by the charity. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income from charitable activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income from charitable activities include income earned from the supply of services under contractual arrangements and from performance related grants which have conditions that specify the provision of particular services to be provided by the charity. Income from government and other co-funders is recognised when the charity is legally entitled to the income because it is fulfilling the conditions contained in the related funding agreements. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expenditure | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expenditure is analysed between costs of charitable activities and raising funds. The costs of each activity are separately accumulated and disclosed, and analysed according to their major components. Expenditure is recognised when a legal or constructive obligation exists as a result of a past event, a transfer of economic benefits is required in settlement and the amount of the obligation can be reliably measured. Support costs are those functions that assist the work of the charity but cannot be attributed to one activity. Such costs are allocated to activities in proportion to staff time spent or other suitable measure for each activity. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Tangible fixed assets and depreciation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Tangible fixed assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Land and buildings freehold | - | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fixtures, fittings and equipment | - | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Motor vehicles | - | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Computer and studio equipment | - | 20% Straight line | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash at bank and in hand | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash at bank and in hand comprises cash on deposit at banks requiring less than three months notice of withdrawal. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Taxation and deferred taxation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
No current or deferred taxation arises as the charity has been granted charitable exemption. Irrecoverable valued added tax is expensed as incurred. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pensions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3. | INCOME | ||||
3.1 | DONATIONS AND LEGACIES | Unrestricted | Restricted | 2024 | 2023 |
Funds | Funds | ||||
£ | £ | £ | £ |
Income from churches, trusts and projects | 253,447 | - | 253,447 | 314,793 | |
Donations from individuals | 93,867 | 98,285 | 192,152 | 130,140 | |
Gift aid | 24,333 | - | 24,333 | 23,502 | |
School of Evangelism & Academy | 6,538 | - | 6,538 | 3,848 | |
───────── | ───────── | ───────── | ───────── | ||
378,185 | 98,285 | 476,470 | 472,283 | ||
═════════ | ═════════ | ═════════ | ═════════ |
3.2 | OTHER INCOME | Unrestricted | Restricted | 2024 | 2023 |
Funds | Funds | ||||
£ | £ | £ | £ | ||
Miscellaneous | 8,046 | - | 8,046 | 11,920 | |
Fundraising | 10,453 | - | 10,453 | 2,112 | |
───────── | ───────── | ───────── | ───────── | ||
18,499 | - | 18,499 | 14,032 | ||
═════════ | ═════════ | ═════════ | ═════════ |
4. | EXPENDITURE |
4.1 | CHARITABLE ACTIVITIES | Direct | Other | Support | 2024 | 2023 |
Costs | Costs | Costs | ||||
£ | £ | £ | £ | £ | ||
Expenditure on charitable activites | 534,160 | - | 4,220 | 538,380 | 519,623 | |
═════════ | ═════════ | ═════════ | ═════════ | ═════════ |
4.2 | SUPPORT COSTS | Charitable | 2024 | 2023 |
Activities | ||||
£ | £ | £ | ||
Bank charges | 774 | 774 | 495 | |
Accountancy and legal fees | 3,446 | 3,446 | 2,690 | |
───────── | ───────── | ───────── | ||
4,220 | 4,220 | 3,185 | ||
═════════ | ═════════ | ═════════ |
5. | ANALYSIS OF SUPPORT COSTS | |||
Basis of | 2024 | 2023 | ||
Apportionment | £ | £ | ||
Bank charges | Full | 774 | 495 | |
Accountancy and legal fees | Full | 3,446 | 2,690 | |
───────── | ───────── | |||
4,220 | 3,185 | |||
═════════ | ═════════ |
6. | NET INCOME | 2024 | 2023 |
£ | £ | ||
Net Income is stated after charging/(crediting): | |||
Depreciation of tangible assets | |||
═════════ | ═════════ |
7. | EMPLOYEES AND REMUNERATION | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of employees | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The average number of persons employed (including executive trustees) during the financial year was as follows: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2024 | 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Number | Number | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Charitable activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
═════════ | ═════════ | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The staff costs comprise: | 2024 | 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
£ | £ | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Wages and salaries | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Social security costs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pension costs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
───────── | ───────── | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
═════════ | ═════════ | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
No employees received emoluments in excess of £60,000. |
8. | EMPLOYEE BENEFITS | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Staff health insurance costs during the year to 31 July 2024 totalled £3,046, (2023 £1,975). | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
9. | TANGIBLE FIXED ASSETS | |||||
Land and | Fixtures, | Motor | Computer | Total | ||
buildings | fittings and | vehicles | and studio | |||
freehold | equipment | equipment | ||||
£ | £ | £ | £ | £ | ||
Cost | ||||||
At 1 August 2023 | 81,061 | |||||
Additions | - | - | - | |||
───────── | ───────── | ───────── | ───────── | ───────── | ||
At 31 July 2024 | 81,061 | |||||
───────── | ───────── | ───────── | ───────── | ───────── | ||
Depreciation | ||||||
At 1 August 2023 | 36,146 | |||||
Charge for the financial year | 15,313 | |||||
───────── | ───────── | ───────── | ───────── | ───────── | ||
At 31 July 2024 | 51,459 | |||||
───────── | ───────── | ───────── | ───────── | ───────── | ||
Net book value | ||||||
At 31 July 2024 | 29,602 | |||||
═════════ | ═════════ | ═════════ | ═════════ | ═════════ | ||
At 31 July 2023 | 44,915 | |||||
═════════ | ═════════ | ═════════ | ═════════ | ═════════ |
10. | DEBTORS | 2024 | 2023 |
£ | £ | ||
Prepayments and accrued income | |||
═════════ | ═════════ |
11. | CREDITORS | 2024 | 2023 |
Amounts falling due within one year | £ | £ | |
Taxation and social security costs | |||
Other creditors | |||
Accruals and deferred income | |||
───────── | ───────── | ||
═════════ | ═════════ |
12. | PENSION COSTS - DEFINED CONTRIBUTION | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
13. | RESERVES | ||
2024 | 2023 | ||
£ | £ | ||
At the beginning of the year | 511,720 | 545,028 | |
Deficit for the financial year | (43,411) | (33,308) | |
───────── | ───────── | ||
At the end of the year | 468,309 | 511,720 | |
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14. | FUNDS | |||
14.1 | RECONCILIATION OF MOVEMENT IN FUNDS | Unrestricted | Restricted | Total |
Funds | Funds | Funds | ||
£ | £ | £ | ||
At 1 August 2022 | 447,200 | 97,828 | 545,028 | |
Movement during the financial year | (46,915) | 13,607 | (33,308) | |
───────── | ───────── | ───────── | ||
At 31 July 2023 | 400,285 | 111,435 | 511,720 | |
Movement during the financial year | (20,501) | (22,910) | (43,411) | |
───────── | ───────── | ───────── | ||
At 31 July 2024 | 379,784 | 88,525 | 468,309 | |
═════════ | ═════════ | ═════════ |
14.2 | ANALYSIS OF MOVEMENTS ON FUNDS | |||||
Balance | Income | Expenditure | Transfers | Balance | ||
1 August | between | 31 July | ||||
2023 | funds | 2024 | ||||
£ | £ | £ | £ | £ | ||
Restricted funds | ||||||
Building and specific projects | 111,435 | 98,285 | 121,195 | - | 88,525 | |
Unrestricted funds | ||||||
Unrestricted General | 86,450 | 396,684 | 393,175 | (18,500) | 71,459 | |
General Capital Fund | 313,835 | - | 24,010 | 18,500 | 308,325 | |
───────── | ───────── | ───────── | ───────── | ───────── | ||
400,285 | 396,684 | (417,185) | - | 379,784 | ||
───────── | ───────── | ───────── | ───────── | ───────── | ||
Total funds | 511,720 | 494,969 | 538,380 | - | 468,309 | |
═════════ | ═════════ | ═════════ | ═════════ | ═════════ |
14.3 | ANALYSIS OF NET ASSETS BY FUND | ||||
Fixed | Current | Current | Total | ||
assets | assets | liabilities | |||
- charity use | |||||
£ | £ | £ | £ | ||
Restricted funds | - | 88,525 | - | 88,525 | |
───────── | ───────── | ───────── | ───────── | ||
Unrestricted general funds | 308,325 | 78,024 | (6,565) | 379,784 | |
───────── | ───────── | ───────── | ───────── | ||
308,325 | 166,549 | (6,565) | 468,309 | ||
═════════ | ═════════ | ═════════ | ═════════ |
15. | STATUS | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The charity is a company limited by guarantee not having a share capital. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The liability of the members is limited. |
16. | TRUSTEES' REMUNERATION | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
There were no trustees' remuneration or other benefits for the year ended 31 July 2024 nor for the year ended 31 July 2023. There were no trustees' expenses paid for the year ended 31 July 2024 nor for the year ended 31 July 2023. |
17. | POST-BALANCE SHEET EVENTS | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
18. | GENERAL CAPITAL FUND | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
This fund is capital donations received specifically to purchase capital items. When the asset is purchased the donation is transferred into the general fund. However, as it has been used to purchase fixed assets, it is not available for funding of operational costs. |
19. | RELATED PARTY DISCLOSURES | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
There were no related party transactions for the year ended 31 July 2024. |