2023 annual report final WEB - Flipbook - Page 58
Christian Outreach Centre
CONSOLIDATED STATEMENT OF CHANGES IN FUNDS
FOR THE YEAR ENDED 31 DECEMBER 2023
Reserves
Total Funds
$'000
Retained
Earnings
$'000
75,040
120,071
195,111
-
8,710
8,710
2,140
-
2,140
2,140
8,710
10,850
-254
254
-
Balance at 31 December 2022
76,926
129,035
205,961
Balance at 1 January 2023
76,926
129,035
205,961
-
7,641
7,641
2,507
-
2,507
2,507
7,641
10,148
-
-
-
79,433
136,676
216,109
Note
Balance at 1 January 2022
Surplus for the year
Other comprehensive income for the year
16
Total comprehensive income for the year
Transfers between reserves
Surplus for the year
Other comprehensive income for the year
Total comprehensive income for the year
Transfers between reserves
Balance at 31 December 2023
16
The above consolidated statement of changes in funds should be read in conjunction with the accompanying notes.
58
2023 Financials
$'000
