IRIS Accounts Productionv25.1.3.33OtherCompany accountsTruefalsePounds1.8.2331.7.2431.7.24FYFRS 102Independent examinerSmall companies regime for accountsFullCharities SORPtruetruetruetruetruefalsetruefalsetruefalse iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh040466372023-07-31040466372024-07-31040466372023-08-012024-07-31040466372022-07-31040466372022-08-012023-07-31040466372023-07-3104046637ns0:CharitableCompanyLimitedByGuarantee2023-08-012024-07-3104046637ns15:PoundSterling2023-08-012024-07-3104046637ns11:FRS1022023-08-012024-07-3104046637ns11:IndependentExaminationCharity2023-08-012024-07-3104046637ns11:SmallCompaniesRegimeForAccounts2023-08-012024-07-3104046637ns11:FullAccounts2023-08-012024-07-3104046637ns11:CharitiesSORP2023-08-012024-07-3104046637ns16:EnglandWales2023-08-012024-07-3104046637ns11:RegisteredOffice2023-08-012024-07-3104046637ns0:Trustee12023-08-012024-07-3104046637ns0:Trustee22023-08-012024-07-3104046637ns0:Trustee32023-08-012024-07-3104046637ns0:Trustee42023-08-012024-07-3104046637ns0:Trustee52023-08-012024-07-3104046637ns0:TotalUnrestrictedFunds2023-08-012024-07-3104046637ns0:TotalRestrictedIncomeFunds2023-08-012024-07-3104046637ns0:Activity82023-08-012024-07-3104046637ns0:TotalUnrestrictedFundsns0:Activity82023-08-012024-07-3104046637ns0:Activity8ns0:TotalRestrictedIncomeFunds2023-08-012024-07-3104046637ns0:Activity82022-08-012023-07-3104046637ns0:TotalUnrestrictedFunds2023-07-3104046637ns0:TotalRestrictedIncomeFunds2023-07-3104046637ns0:TotalUnrestrictedFunds2024-07-3104046637ns0:TotalRestrictedIncomeFunds2024-07-3104046637ns0:TotalUnrestrictedFundsns10:WithinOneYear2024-07-3104046637ns10:WithinOneYearns0:TotalRestrictedIncomeFunds2024-07-3104046637ns10:WithinOneYear2024-07-3104046637ns10:WithinOneYear2023-07-3104046637ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2023-08-012024-07-3104046637ns10:PlantMachinery2023-08-012024-07-3104046637ns10:FurnitureFittingsToolsEquipment2023-08-012024-07-310404663722023-08-012024-07-3104046637ns10:OwnedAssets2023-08-012024-07-3104046637ns10:OwnedAssets2022-08-012023-07-3104046637ns0:TotalUnrestrictedFunds2022-08-012023-07-3104046637ns0:TotalRestrictedIncomeFunds2022-08-012023-07-3104046637ns0:TotalUnrestrictedFundsns0:Activity82022-08-012023-07-3104046637ns0:Activity8ns0:TotalRestrictedIncomeFunds2022-08-012023-07-3104046637ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2023-07-3104046637ns10:PlantMachinery2023-07-3104046637ns10:FurnitureFittings2023-07-3104046637ns10:ComputerEquipment2023-07-3104046637ns10:FurnitureFittings2023-08-012024-07-3104046637ns10:ComputerEquipment2023-08-012024-07-3104046637ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2024-07-3104046637ns10:PlantMachinery2024-07-3104046637ns10:FurnitureFittings2024-07-3104046637ns10:ComputerEquipment2024-07-3104046637ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2023-07-3104046637ns10:PlantMachinery2023-07-3104046637ns10:FurnitureFittings2023-07-3104046637ns10:ComputerEquipment2023-07-3104046637ns10:CostValuation2023-07-3104046637ns10:Subsidiary12023-08-012024-07-31040466371ns10:Subsidiary12023-08-012024-07-3104046637ns10:Subsidiary12024-07-3104046637ns10:Subsidiary12023-07-3104046637ns10:Subsidiary12022-08-012023-07-3104046637ns10:WithinOneYear2022-07-3104046637ns10:BetweenOneFiveYears2024-07-3104046637ns10:BetweenOneFiveYears2023-07-3104046637ns10:AllPeriods2024-07-3104046637ns10:AllPeriods2023-07-31

REGISTERED COMPANY NUMBER: 04046637 (England and Wales)

REGISTERED CHARITY NUMBER: 1083852












FARNBOROUGH CHRISTIAN OUTREACH

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2024







FARNBOROUGH CHRISTIAN OUTREACH








CONTENTS OF THE FINANCIAL STATEMENTS

for the year ended 31st July 2024






Page




Report of the Trustees  

1


to


3



Independent Examiner's Report  

4




Statement of Financial Activities  

5




Balance Sheet  

6


to


7



Notes to the Financial Statements  

8


to


15


FARNBOROUGH CHRISTIAN OUTREACH (REGISTERED NUMBER: 04046637)



REPORT OF THE TRUSTEES

for the year ended 31st July 2024



The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st July 2024. The trustees have adopted the provisions of 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 to promote the advancement of Evangelical Christian Causes on an ecumenical basis.

The principal activity of the charity during the year was the running of the Christian Resources Centre known as 'The Triangle', In addition the Charity sponsored and facilitated a number of local events.

PUBLIC BENEFIT
The Charity is of public benefit in the following ways:
- Provision of literature and other supplies and resources for local Churches and schools;
- Supplier of fairly traded goods to the local community, including the local Borough Council;
- Employment of special needs people;
- Employment of voluntary staff and an active participant in work experience scheme.

ACHIEVEMENT AND PERFORMANCE

Bookshop sales for the year increased to £86,459 (compared to £81,834 in 2023).

Voluntary income including legacies for the period was higher at £46,506 (compared to £45,022 in 2023). There were no grants received in the current year (2023: niil). Expenses remained similar to 2023 with total resources expended of £136,759 (from £141,019 in 2023) meaning there was a net expenditure for the period of £3,737 (2023; net expenditure of £14,153).

The Charity's subsidiary, The Triangle Café Limited had a turnover for the period of £53,188 (compared to £54,849 in 2023). They did not receive any grant income this year and the loss of Wilko has reduced footfall significantly resulting in a loss of £15,122 (compared to a loss of £11,043 in 2023).

FINANCIAL REVIEW

Principal funding sources

The main sources of income, derive from the sales of Christian literature and media, donations from members and supporters and sales from the subsidiary, the Triangle Café Limited.

Investment policy

Under the memorandum and articles of association, the charity has the power to make any investment which the trustees see fit, after obtaining advice from a financial expert and having regard to the suitability of investments and the need for diversification.

Reserves policy

The General Fund represents the Unrestricted funds arising from the past operating results. It also represents the free reserves of the charity, as all fixed assets are included in the fixed asset fund, which is a designated fund. The general fund balance was £42,268 at 31st July 2024 and the aim of the trustees is to build this up to a balance which represents 3 months of operating expenditure.


FARNBOROUGH CHRISTIAN OUTREACH (REGISTERED NUMBER: 04046637)



REPORT OF THE TRUSTEES

for the year ended 31st July 2024


STRUCTURE, GOVERNANCE AND MANAGEMENT

Farnborough Christian Outreach (a company limited by guarantee) was incorporated on 3rd August 2000, and was registered with the Charity Commission for England and Wales on 28th November 2000. On 31st January 2001, all of the assets and liabilities of the Farnborough Christian Outreach Trust (an unincorporated Charity, registered under the charity number 285306) were gifted to Farnborough Christian Outreach.


On 15th December 2000, The Triangle Café Limited (company number 4126321) was incorporated, with the sole issued share being held by Farnborough Christian Outreach. This company carries out the activities of the café situated in the new premises of Farnborough Christian Outreach, to which the charity moved in November 2001.


The company was established under its Memorandum of Association which established the objects and powers of the charitable company and is governed by its Articles of Association. In the event of the company being wound up, members are required to contribute an amount not exceeding £10.



Appointment and induction of trustees

Trustees are appointed by the members and at each Annual General Meeting, one third of Board Members will retire from office. On retirement, trustees are eligible for re-election. The Articles of Association provides for a minimum of three trustees and no maximum. The trustees are also responsible for the appointment of new members.


New trustees undergo an induction to brief them on their legal obligations under charity and company law, the content of the Memorandum and Articles of Association, the decision making processes and the recent performance of the charity. They meet key employees and the other trustees.


Organisational policy

The trustees meet every month. The general manager is appointed to manage the day to day operations of the charity. To facilitate effective operations, the general manager has delegated authority, within the terms of delegation approved by the trustees, for operational matters including finance and employment.


Risk assessment policy

The trustees have worked with staff to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.


REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

04046637 (England and Wales)


Registered Charity number

1083852


Registered office

64 Kingsmead

FARNBOROUGH

Hampshire

GU14 7SL


Trustees

C M Mason

J R D Edwards

D R Palmer

S M Smith

G Dorey



FARNBOROUGH CHRISTIAN OUTREACH (REGISTERED NUMBER: 04046637)



REPORT OF THE TRUSTEES

for the year ended 31st July 2024



REFERENCE AND ADMINISTRATIVE DETAILS

Independent Examiner

Shaw Gibbs Limited

Wey Court West

Union Road

Farnham

Surrey

GU9 7PT



Approved by order of the board of trustees on 20th May 2025 and signed on its behalf by:






C M Mason - Trustee


INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF

FARNBOROUGH CHRISTIAN OUTREACH


Independent examiner's report to the trustees of Farnborough Christian Outreach ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st July 2024.


Responsibilities and basis of report

As the charity's trustees of the Company (and also 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 your charity's accounts as 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.









Lance Redman FCCA FCA


Shaw Gibbs Limited

Wey Court West

Union Road

Farnham

Surrey

GU9 7PT


Date: .............................................



FARNBOROUGH CHRISTIAN OUTREACH



STATEMENT OF FINANCIAL ACTIVITIES

for the year ended 31st July 2024



2024


2023


Unrestricted


Restricted


Total


Total


funds


funds


funds


funds


Notes

£   

£   

£   

£   


INCOME AND ENDOWMENTS FROM

Donations and legacies

46,507


-


46,507


45,022



Charitable activities

Bookshop

86,459


-


86,459


81,834



Other income

57


-


57


-


Total

133,023


-


133,023


126,856



EXPENDITURE ON

Charitable activities

Bookshop

136,760


-


136,760


141,009



NET INCOME/(EXPENDITURE)

(3,737

)

-


(3,737

)

(14,153

)



RECONCILIATION OF FUNDS

Total funds brought forward

46,005


177


46,182


60,335



TOTAL FUNDS CARRIED FORWARD

42,268


177


42,445


46,182



FARNBOROUGH CHRISTIAN OUTREACH (REGISTERED NUMBER: 04046637)



BALANCE SHEET

31st July 2024



2024


2023


Unrestricted


Restricted


Total


Total


funds


funds


funds


funds


Notes

£   

£   

£   

£   


FIXED ASSETS


Tangible assets

7

378


-


378


421


Investments

8

1


-


1


1


379


-


379


422



CURRENT ASSETS


Stocks

9

62,012


-


62,012


68,747


Debtors

10

6,914


-


6,914


6,043


Cash at bank and in hand

5,361


177


5,538


4,020


74,287


177


74,464


78,810



CREDITORS


Amounts falling due within one year

11

(32,398

)

-


(32,398

)

(33,050

)


NET CURRENT ASSETS

41,889


177


42,066


45,760



TOTAL ASSETS LESS CURRENT

LIABILITIES

42,268


177


42,445


46,182



NET ASSETS

42,268


177


42,445


46,182


FUNDS

14

Unrestricted funds

42,268


46,005


Restricted funds

177


177


TOTAL FUNDS

42,445


46,182



The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2024 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


FARNBOROUGH CHRISTIAN OUTREACH (REGISTERED NUMBER: 04046637)



BALANCE SHEET - continued

31st July 2024



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



The financial statements were approved by the Board of Trustees and authorised for issue on 20th May 2025 and were signed on its behalf by:






C M Mason - Trustee



FARNBOROUGH CHRISTIAN OUTREACH



NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31st July 2024


1.

ACCOUNTING POLICIES



Basis of preparing the financial statements


The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.



Income


All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.



Expenditure


Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.



Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.



Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.



Improvements to property

-

Straight line over 20 years


Plant and machinery

-

Straight line over 5 years


Fixtures and fittings

-

Straight line over 6 years



Related party exemption


The charitable company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.



Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


Taxation

The charity is exempt from corporation tax on its charitable activities.


Funds

General unrestricted funds represent the funds of the charity that are not subject to any restrictions regarding their use and are available for application on the general purposes of the charity. Funds designated for a particular purpose by the trustees are also unrestricted.

Restricted funds are those subject to specific trusts, which may be declared by the donor or with their authority. The restricted funds of the charity are restricted income funds which are expendable at the discretion of the trustees in furtherance of some particular aspects of the activities of the charity.



FARNBOROUGH CHRISTIAN OUTREACH



NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31st July 2024


1.

ACCOUNTING POLICIES - continued



Funds

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.


Pension costs and other post-retirement benefits


The charitable company operates a defined contribution pension scheme.  Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.


2.

SUPPORT COSTS


Governance


costs

£   



Bookshop

2,800





Support costs, included in the above, are as follows:



2024


2023


Total


Bookshop


activities

£   

£   



Independent examiner's fees

2,800


3,848




3.

NET INCOME/(EXPENDITURE)



Net income/(expenditure) is stated after charging/(crediting):




2024


2023

£   

£   



Independent examiner's fees

2,800


3,848




Depreciation - owned assets

336


307




4.

TRUSTEES' REMUNERATION AND BENEFITS


There were no trustees' remuneration or other benefits for the year ended 31st July 2024 nor for the year ended 31st July 2023.



FARNBOROUGH CHRISTIAN OUTREACH



NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31st July 2024


4.

TRUSTEES' REMUNERATION AND BENEFITS - continued



Trustees' expenses



There were £nil of trustees' expenses paid for the year ended 31st July 2024 (£nil in 2023).


5.

STAFF COSTS



The average monthly number of employees during the year was as follows:



2024


2023


Retail and administration

2


2





No employees received emoluments in excess of £60,000.


6.

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES


Unrestricted


Restricted


Total


funds


funds


funds

£   

£   

£   



INCOME AND ENDOWMENTS FROM


Donations and legacies

45,022


-


45,022




Charitable activities


Bookshop

81,834


-


81,834



Total

126,856


-


126,856




EXPENDITURE ON


Charitable activities


Bookshop

141,009


-


141,009




NET INCOME/(EXPENDITURE)

(14,153

)

-


(14,153

)




RECONCILIATION OF FUNDS


Total funds brought forward

60,158


177


60,335




TOTAL FUNDS CARRIED FORWARD

46,005


177


46,182





FARNBOROUGH CHRISTIAN OUTREACH



NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31st July 2024


7.

TANGIBLE FIXED ASSETS


Improvements


Fixtures



to


Plant and


and


Computer



property


machinery


fittings


equipment


Totals

£   

£   

£   

£   

£   



COST


At 1st August 2023

85,497


15,867


25,566


-


126,930




Additions

-


-


-


293


293




At 31st July 2024

85,497


15,867


25,566


293


127,223




DEPRECIATION


At 1st August 2023

85,497


15,446


25,566


-


126,509




Charge for year

-


330


-


6


336




At 31st July 2024

85,497


15,776


25,566


6


126,845




NET BOOK VALUE


At 31st July 2024

-


91


-


287


378




At 31st July 2023

-


421


-


-


421




8.

FIXED ASSET INVESTMENTS


Shares in


group


undertakings

£   



MARKET VALUE


At 1st August 2023 and 31st July 2024

1




NET BOOK VALUE


At 31st July 2024

1




At 31st July 2023

1





There were no investment assets outside the UK.



The company's investments at the balance sheet date in the share capital of companies include the following:



The Triangle Cafe Limited


Registered office:


Nature of business: Coffee shop


%


Class of share:

holding



Ordinary

100



2024

2023


£   

£   



Aggregate capital and reserves

(73,343

)

(58,220

)



Loss for the year

(15,122

)

(11,044

)




FARNBOROUGH CHRISTIAN OUTREACH



NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31st July 2024


9.

STOCKS

2024

2023


£   

£   



Stocks

62,012


68,747




10.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023


£   

£   



Other debtors

234


10




VAT

3,579


451




Prepayments and accrued income

3,101


5,582



6,914


6,043




11.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023


£   

£   



Other loans (see note 12)

3,500


3,500




Trade creditors

15,910


17,445




Social security and other taxes

933


150




Other creditors

485


151




Sundry Creditors

6,550


1,000




Accruals and deferred income

5,020


10,804



32,398


33,050




12.

LOANS



An analysis of the maturity of loans is given below:


2024

2023


£   

£   



Amounts falling due within one year on demand:


Other loans

3,500


3,500




13.

LEASING AGREEMENTS



Minimum lease payments under non-cancellable operating leases fall due as follows:


2024

2023


£   

£   



Within one year

15,000


15,000




Between one and five years

2,500


2,500



17,500


17,500





FARNBOROUGH CHRISTIAN OUTREACH



NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31st July 2024


14.

MOVEMENT IN FUNDS


Net




movement


At



At 1.8.23


in funds


31.7.24


£   

£   

£   



Unrestricted funds


General fund

46,005


(3,737

)

42,268





Restricted funds


Buy a bulb

177


-


177





TOTAL FUNDS

46,182


(3,737

)

42,445





Net movement in funds, included in the above are as follows:



Incoming


Resources


Movement



resources


expended


in funds


£   

£   

£   



Unrestricted funds


General fund

133,023


(136,760

)

(3,737

)




TOTAL FUNDS

133,023


(136,760

)

(3,737

)





Comparatives for movement in funds



Net


Transfers




movement


between


At



At 1.8.22


in funds


funds


31.7.23


£   

£   

£   

£   



Unrestricted funds


General fund

59,490


(13,767

)

(164

)

45,559




Fixed Asset Fund

668


(386

)

164


446



60,158


(14,153

)

-


46,005




Restricted funds


Buy a bulb

177


-


-


177





TOTAL FUNDS

60,335


(14,153

)

-


46,182





FARNBOROUGH CHRISTIAN OUTREACH



NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31st July 2024


14.

MOVEMENT IN FUNDS - continued



Comparative net movement in funds, included in the above are as follows:



Incoming


Resources


Movement



resources


expended


in funds


£   

£   

£   



Unrestricted funds


General fund

126,856


(140,623

)

(13,767

)



Fixed Asset Fund

-


(386

)

(386

)


126,856


(141,009

)

(14,153

)



TOTAL FUNDS

126,856


(141,009

)

(14,153

)




A current year 12 months and prior year 12 months combined position is as follows:



Net


Transfers




movement


between


At



At 1.8.22


in funds


funds


31.7.24


£   

£   

£   

£   



Unrestricted funds


General fund

59,490


(17,504

)

(164

)

41,822




Fixed Asset Fund

668


(386

)

164


446



60,158


(17,890

)

-


42,268




Restricted funds


Buy a bulb

177


-


-


177





TOTAL FUNDS

60,335


(17,890

)

-


42,445





A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:



Incoming


Resources


Movement



resources


expended


in funds


£   

£   

£   



Unrestricted funds


General fund

259,879


(277,383

)

(17,504

)



Fixed Asset Fund

-


(386

)

(386

)


259,879


(277,769

)

(17,890

)



TOTAL FUNDS

259,879


(277,769

)

(17,890

)




Unrestricted funds


The fixed asset fund is a designated fund and represents the net book value of fixed assets of the charity, for the purpose of freeing reserves that are not available for expenditure. Transfers relate to assets capitalised during the year, and outgoing resources represent depreciation charged during the year.



FARNBOROUGH CHRISTIAN OUTREACH



NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31st July 2024


14.

MOVEMENT IN FUNDS - continued




Restricted Fund


The Buy a Bulb fund is as a result of an appeal to pay for the new LED lights installed in the bookshop to enhance the displays.


15.

RELATED PARTY DISCLOSURES


The charity owns the entire share capital of The Triangle Cafe Limited (referred to as the cafe), a limited company registered in England and Wales. This year no management charges (2023: £nil) were passed onto the cafe.

The charity did not receive a management charge from the cafe this financial year (2023: £nil).

At the end of the year, a balance of £71,948 was due from the cafe (2023: £60,198). a provision of £15,122 against this debt has been made in the accounts of Farnborough Christian Outreach (2023: release of provision of £10,425).