3
false
false
false
false
false
false
true
false
false
false
true
true
true
true
No description of principal activity
2023-04-01
Sage Accounts Production Advanced 2023 - FRS102_2023_Charity
15,419
15,419
14,455
14,455
964
xbrli:pure
xbrli:shares
iso4217:GBP
07018063
2023-04-01
2024-09-30
07018063
2024-09-30
07018063
2023-03-31
07018063
2022-04-01
2023-03-31
07018063
2023-03-31
07018063
2022-03-31
07018063
core:FurnitureFittings
2023-04-01
2024-09-30
07018063
bus:LeadAgentIfApplicable
2023-04-01
2024-09-30
07018063
char:Trustee1
2023-04-01
2024-09-30
07018063
char:Trustee4
2023-04-01
2024-09-30
07018063
char:Trustee5
2023-04-01
2024-09-30
07018063
char:Trustee6
2023-04-01
2024-09-30
07018063
char:TotalUnrestrictedFunds
2023-03-31
07018063
char:TotalUnrestrictedFunds
2024-09-30
07018063
char:TotalUnrestrictedFunds
2023-03-31
07018063
char:TotalUnrestrictedFunds
2023-04-01
2024-09-30
07018063
char:TotalUnrestrictedFunds
2022-04-01
2023-03-31
07018063
char:TotalRestrictedIncomeFunds
2022-04-01
2023-03-31
07018063
core:WithinOneYear
2023-03-31
07018063
core:FurnitureFittings
2023-03-31
07018063
core:FurnitureFittings
2023-03-31
07018063
bus:SmallEntities
2023-04-01
2024-09-30
07018063
bus:AuditExempt-NoAccountantsReport
2023-04-01
2024-09-30
07018063
bus:SmallCompaniesRegimeForAccounts
2023-04-01
2024-09-30
07018063
bus:PrivateLimitedCompanyLtd
2023-04-01
2024-09-30
07018063
bus:FullAccounts
2023-04-01
2024-09-30
COMPANY REGISTRATION NUMBER:
07018063
CHARITY REGISTRATION NUMBER:
1133062
City Gate Church - Salisbury |
|
Company Limited by Guarantee |
|
Unaudited Financial Statements |
|
City Gate Church - Salisbury |
|
Company Limited by Guarantee |
|
Period from 1 April 2023 to 30 September 2024
Trustees' annual report (incorporating the director's report) |
1 |
|
|
Independent examiner's report to the trustees |
9 |
|
|
Statement of financial activities (including income and expenditure account) |
10 |
|
|
Statement of financial position |
11 |
|
|
Notes to the financial statements |
12 |
|
|
City Gate Church - Salisbury |
|
Company Limited by Guarantee |
|
Trustees' Annual Report (Incorporating the Director's Report) |
|
Period from 1 April 2023 to 30 September 2024
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the period ended
30 September 2024
.
Reference and administrative details
Registered charity name |
City Gate Church - Salisbury |
|
|
Charity registration number |
1133062 |
|
|
Company registration number |
07018063 |
|
|
Principal office and registered |
The Impact Centre |
office |
Unit 1 Sussex House |
|
Newton Road |
|
Salisbury |
|
Wiltshire |
|
SP2 7QA |
|
|
The trustees
|
Mr Hooper - Chairman |
|
|
Dr Jumbe |
|
|
Mrs Moody |
|
|
Mrs Stanford-Jason |
|
|
|
|
Independent examiner |
Sarah Hughes-Williams |
|
1 Pennys Lane |
|
Wilton |
|
Salisbury |
|
Wilts |
|
SP2 0BE |
|
|
Structure, governance and management
The charity is a company limited by guarantee incorporated on 14th September 2009.
The trustees, who are also the directors for the purpose of company law, and who served during the year were:
Chairman Graham Hooper
Others Sam Jumbe and Kate Moody and Rachel Stanford-Jason (Both appointed in March 2023)
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
Salaries
City Gate has invested in staff to support the work of the Church. A significant percentage of the Church's income is spent on the Church Leader's salary plus associated tax and national insurance liabilities. Kate Moody and Rachel Stanford-Jason currently share this role, each being paid for 18 hours per week. These monies were paid in direct support of fulfilling the ministry of City Gate.
Other employees who are paid by City Gate Church are: Teresa Jolly who acts as church administrator.
City Gate also paid Sarah Hughes-Williams of Macdees Limited in the role of bookkeeper and accountant for this financial year.
Trade Creditors
The company's current policy concerning the payment of trade creditors is to follow the CBI's Prompt Payers Code (copies are available from the CBI, Centre Point, 103 New Oxford Street, London WC1A 1DU).
The company's current policy concerning the payment of trade creditors is to:
settle the terms of payment with suppliers when agreeing the terms of each transaction; ensure that suppliers are made aware of the terms of payment by inclusion of the relevant terms in contracts; and pay in accordance with the company's contractual and other legal obligations.
There were no trade creditors of the company at the year end.
The trustees, who are also the directors of
City Gate Church - Salisbury
for the purpose 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 which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; 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 are responsible for keeping adequate accounting records that 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.
Objectives and activities
Activities of the Charity
City Gate is involved with a number of activities in pursuit of the Trust's aims and objectives. The following activities give an accurate reflection of the Church's activities and commitments during the financial period:
To advance the Christian faith:
City Gate Church has one main meeting each week on a Sunday morning, which takes place throughout the year, when the whole church gathers for worship, Bible teaching, refreshments and prayer. The aim with our Bible teaching is that it inspires people to know better the God who loves us, as well as to equip and encourage people to live well as they face the challenges of home and work life.
We have other small groups with church that meet regularly. The men meet once a month on a Sunday evening to eat together, worship and discuss relevant topics. We also hold a monthly meeting called Refresh, which for those who enjoy prophetic prayer and worship. There are also regular meetings for prayer, and homegroups meet most weeks to provide encouragement, teaching and support to members.
The excellent connections with the churches in South Africa (Cape Town, East London and Dutywa) continued to be built throughout the year through a monthly prayer video call.
The start up hub, (This is a peer support group with local small business owners discussing problems, brainstorming solutions and being accountable to one another), continued to run independently, meeting monthly at the Impact Centre and Toy Swaps happened at various times throughout the year.
To assist with outworking the objective:
To advance the Christian Faith
Toy Swap events happened on a number of occasions over the year with 75 - 100 people attending each. The Church supports financially the work of Pursue, a small charity working with disadvantaged women and children in rural Kenya, with monthly gifts.
To provide or assist in the provision of facilities in the interests of social welfare for recreation or other leisure time occupation including„ through the training in life skills of individuals who have needs of such facilities by reason of their youth, age, infirmity or disability, financial hardship or social circumstances with the object of improving their conditions of life in such parts of Wiltshire, the United Kingdom or the world as the trustees may from time to time think fit;
The church supports financially the work of CAP, (Christians Against Poverty), with monthly gifts. We encourage our church members to care for, take an interest in and support needy people in the community.
This care happens through friendship groups in the congregation, midweek homegroups or individuals as they reach out to their friends and neighbours. This can include responses such as praying for people as they face issues of need or sickness as well as providing practical support - for example arranging a food rota for a family or individual in need of assistance, or shopping for a neighbour. Some members of the congregation also contribute to the local food bank.
Throughout the year the congregation has continued to love and care for each other. In City Gate Church we also have specific leaders who have supported members of the church during times of illness as well as emotional and other pastoral problems.
To promote Christian education and to provide or assist in the provision of facilities in the interests of social welfare
Teaching based on the Bible is a part of most Sunday morning meetings and the midweek home groups. All of these meetings are open to non-members and members alike, with an aim of providing a support structure for people within or on the edges of the church.
Policy on grant making
City Gate does not give grants to organisations, or individuals as a matter of course. However, in keeping with the Trust's objectives, the Church does give gifts to needy individuals in financial hardship situations, both inside and outside City Gate.
Contribution made by volunteers
We continue to be totally dependent on the contributions made by volunteers, full-time and part-time, to run the above activities, we are extremely grateful that most church members are active and willing to give their time, expertise and financial resources to serve one another.
Public Benefit
When planning the activities of City Gate Church, the leadership team, directors and employees of City Gate Church have considered the Charity Commission guidance in relation to public benefit, in particular the guidance on the Advancement of Religion for the Public Benefit.
Achievements and performance
Summary of the events up to September 2024
In the early part of 2023 the Church lost a number of members which reduced the numbers down to around 25 adults. A close eye was kept on the finances by the trustees and initially they remained reasonably stable but by late Summer our income was falling behind our expenditure.
It had become obvious that we could no longer justify the expense of having our building to meet in. There was a break point in the lease coming in September 2024 and it was agreed that we would exit the property at that point.
In the summer of 2023 it was agreed that the church would stop meeting in the building on Sundays and meet in members houses instead. This reduced the outgoings for the church as the running costs of the building were less if it was not used and also gave us the chance to return the building to it's former state in preparation for handing it back to the landords. . It was hoped that we could exit the lease early by paying the balance of the rent owing up to September 2024 in a lump sum.
In the last quarter of 2023 it became apparent that the church leaders (Kate and Rachel), were having great difficulty in working together. Attempts had been made to help them resolve their differences by former church leaders, Sue Holzer and Carole Hogg, without success and this was followed by an attempt at mediation by Andy and Sue Horne from Cape Town which also failed. As the situation was not resolvable there was no alternative but to an end their employment as leaders.
Below is the text used for the meeting at which their employment was brought to an end and it was also the basis for the statement given to the Church about the situation:
City Gate Leaders Jobs Review
Firstly, this is not primarily about deciding who leads City Gate, but rather about who is employed by the trust to do so. So, our decisions are based on what is best for the trust. Having said that, it is inevitable that our decisions will have implications for the leadership of City Gate in the short term. We will return to the leadership of CG at the end of this conversation.
Background Information
1) Circumstances within City Gate Church have changed recently. The exit from the building and return to a house church format, the drop in numbers and consequently, in income all speak of the need to review the requirement for paid leadership in the church. The financial situation is of particular concern as we are currently running at a deficit of around £1000 per month and we need to ensure that we have enough funds to cover the dilapidations on the building - a figure that has yet to be ascertained.
2) Kate and Rachel were employed to lead the church together. Both are clearly gifted leaders but this combination has, unfortunately, not been able to work together as a team. No blame is attached to either for this, and we are extremely grateful for the effort which has been expended by both in trying to make it work, often at great cost to themselves. We would also like to honour them for the way in which they kept their personal difficulties from showing in front of the church.
The Way Forward
1) There has been no disciplinary procedure, and, as no blame can be apportioned to either party, both have to be treated equally, and, as the church finances do not permit the retention of both as employees the only option we have is to bring to a close the employment of both parties.
1) There are a number of mechanisms for ending an employment. We have opted to use a Settlement Agreement.
2) Settlement agreements: In a Settlement Agreement the employee(s) waive the right to make any future claims against the employer in return for a financial settlement. The position of church leader remains unaffected.
We would like to offer you both a Settlement Agreement with the financial settlement being the equivalent of 3 months salary which would be tax free.
The plan moving forward is to wind up the City Gate trust as soon as possible, preferably before September. While it will not be possible for either of you to return to the church leaders roll until this happens, we hope that you will both fully participate in Church life, using all of your giftings. There will be no barrier to either of you filling the leader's roll if the decision is taken to start a new church when CG is wound up.
Financial review
It has been financially difficult for City Gate this year as it is totally self-sufficient on the sacrificial support of its members which has decreased and costs have increased due to economic changes our total income as a church from all sources for the year was £64,429 and total expenditure for the year was £91,861
The wealth of City Gate varies from month-to-month, but in general it can be said that the Church is at its most wealthy at the start of each quarter. The reason for this is that City Gate receives considerable income from the Government 'Gift Aid' scheme on a quarterly basis, and this is then used to carry out the aims of the Trust throughout the following year.
Reserves Policy
City Gate has a policy that, wherever practical, its cash reserves should not fall below £10,000, the balance in the bank stood at £197.00 at the year end of the extended financial year. All liabilities have been settled prior to the company closure.
The Trustees believe that there are adequate internal financial controls to prevent misuse of funds, fraud or financial mismanagement. The following safeguards are in place:
1. Whenever cash is counted there are always 2 people present to verify the amount received
2. Only Directors may sign cheques, and 2 signatories are always required
3. Cheques must always be assigned to payees prior to signature
4. Any sizeable expenditure (>£250) can only occur by prior agreement with the Directors
5. Two Directors must countersign all un-receipted claims
6. Two "signatories" are also required to authorise bank transfer payments in this case one can be the
treasurer as they set up the initial payment with the on-line bank account
Investment Policy
Currently City Gate has no investment portfolio, but does operate two bank accounts both with CAF Bank Ltd. A standard current account is used to manage the bulk of the church income and expenses. A deposit account with CAF Bank is used to hold surplus funds and ring-fenced grant money
The Charity's principle sources of funding
The Church is funded almost exclusively by the gifts of its own members and the Directors encourage giving by standing order to enable accurate financial predictions to take place. City Gate also receives considerable income from the Government 'Gift Aid' scheme on a quarterly basis.
Other Charitable Expenditure
In order to run the Trust efficiently, it has been necessary to incur expenditure on a variety of supporting activities: Items such as printing, photocopying, stationery, postage and computer consumables are required to assist in the smooth running of the Trust. City Gate Church also has the responsibility of renting our own building on Churchfields Industrial Estate, The Impact Centre, with all the regular costs of being tenants in a building such as fuel costs, telephone, broadband, insurances etc.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustees' annual report was approved on
8 January 2025
and signed on behalf of the board of trustees by:
Mr Hooper - Chairman |
Trustee |
|
City Gate Church - Salisbury |
|
Company Limited by Guarantee |
|
Independent Examiner's Report to the Trustees of
City Gate Church - Salisbury |
|
Period from 1 April 2023 to 30 September 2024
I report to the trustees on my examination of the financial statements of
City Gate Church - Salisbury
('the charity') for the period ended 30 September 2024.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).
Having satisfied myself that the 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 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 charity as required by section 386 of the 2006 Act; or
2.
the financial statements do not accord with those records; or
3.
the financial statements 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 financial statements 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.
Sarah Hughes-Williams
Independent Examiner
1 Pennys Lane
Wilton
Salisbury
Wilts
SP2 0BE
8 Jan 25
City Gate Church - Salisbury |
|
Company Limited by Guarantee |
|
Statement of Financial Activities |
(including income and expenditure account) |
|
Period from 1 April 2023 to 30 September 2024
|
Period from 1 Apr 23 to 30 Sep 24 |
Year to 31 Mar 23 |
|
Unrestricted funds |
Total funds |
Total funds |
Note |
£ |
£ |
£ |
|
|
|
|
Income and endowments
Donations and legacies |
5 |
63,983 |
63,983 |
69,935 |
Investment income |
6 |
446 |
446 |
110 |
|
-------- |
-------- |
-------- |
Total income |
64,429 |
64,429 |
70,045 |
|
-------- |
-------- |
-------- |
|
|
|
|
|
Expenditure
Expenditure on charitable activities |
7,8 |
90,950 |
90,950 |
66,215 |
Other expenditure |
9 |
964 |
964 |
– |
|
-------- |
-------- |
-------- |
Total expenditure |
91,914 |
91,914 |
66,215 |
|
-------- |
-------- |
-------- |
|
|
|
|
|
|
-------- |
-------- |
-------- |
Net (expenditure)/income and net movement in funds |
(
27,485) |
(
27,485) |
3,830 |
|
-------- |
-------- |
-------- |
|
|
|
|
Reconciliation of funds
Total funds brought forward |
27,682 |
27,682 |
39,192 |
|
-------- |
-------- |
-------- |
Total funds carried forward |
197 |
197 |
43,022
|
|
-------- |
-------- |
-------- |
|
|
|
|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
City Gate Church - Salisbury |
|
Company Limited by Guarantee |
|
Statement of Financial Position |
|
30 September 2024
|
30 Sep 24 |
31 Mar 23 |
Note |
£ |
£ |
|
|
|
Fixed assets
Tangible fixed assets |
14 |
– |
964 |
|
|
|
|
Current assets
Investments |
15 |
– |
100 |
Cash at bank and in hand |
197 |
27,956 |
|
---- |
-------- |
|
197 |
28,056 |
|
|
|
|
Creditors: amounts falling due within one year |
16 |
– |
1,338 |
|
---- |
-------- |
Net current assets |
197 |
26,718 |
|
---- |
-------- |
Total assets less current liabilities |
197 |
27,682 |
|
---- |
-------- |
Net assets |
197 |
27,682 |
|
---- |
-------- |
|
|
|
|
Funds of the charity
Unrestricted funds |
197 |
27,682 |
|
|
---- |
-------- |
Total charity funds |
17 |
197 |
27,682
|
|
|
---- |
-------- |
|
|
|
|
For the period ending 30 September 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the
board of trustees
and authorised for issue on
8 Jan 25
, and are signed on behalf of the board by:
Mr Hooper - Chairman |
Trustee |
|
City Gate Church - Salisbury |
|
Company Limited by Guarantee |
|
Notes to the Financial Statements |
|
Period from 1 April 2023 to 30 September 2024
1.
General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is The Impact Centre, Unit 1 Sussex House, Newton Road, Salisbury, Wiltshire, SP2 7QA.
2.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', 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 (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The Trustees
have decided that the charity is not
regarded as a going concern, and intend to close the charity therefore the accounts have been prepared on this basis. At a meeting of all the remaining members in January 2024 the decision was taken to close the church with immediate effect. One final meeting took place on the 5th May at which the consensus was not to reform under another name but to disperse to other churches in the City. Dilapidations were finished to the landlord's satisfaction by the end of May but they were unwilling to release us from the lease until September, so rent and utility bills were paid until then. The balance in the accounts was then split between 2 charities, namely CAP and Pursue, and the accounts were then closed.
Disclosure exemptions
No cash flow
statement has been
presented for the company.
Judgements and key sources of estimation uncertainty
The preparation of
the financial statements requires
management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Incoming resources
All
incoming resources are included
in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: - income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. - legacy income is recognised when receipt is probable and entitlement is established. - income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. - income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: - expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. - expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. - other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Fixtures and fittings |
- |
25% reducing balance |
|
|
|
|
Impairment of fixed assets
A review for
indicators of impairment
is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Limited by guarantee
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
5.
Donations and legacies
|
|
Unrestricted Funds |
Restricted Funds |
Total Funds 2024 |
|
|
£ |
£ |
£ |
|
|
|
|
|
Donations
|
Donations and legacies |
13,367 |
– |
13,367 |
|
Gift aid reclaimed |
9,190 |
– |
9,190 |
|
|
|
|
|
Gifts
|
Regular giving and capital donations |
41,426 |
– |
41,426 |
|
|
-------- |
---- |
-------- |
|
|
63,983 |
– |
63,983 |
|
|
-------- |
---- |
-------- |
|
|
|
|
|
|
|
Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
|
|
£ |
£ |
£ |
|
|
|
|
|
Donations
|
Donations and legacies |
4,315 |
6,500 |
10,815 |
|
Gift aid reclaimed |
12,952 |
– |
12,952 |
|
|
|
|
|
Gifts
|
Regular giving and capital donations |
46,168 |
– |
46,168 |
|
|
-------- |
------- |
-------- |
|
|
63,435 |
6,500 |
69,935 |
|
|
-------- |
------- |
-------- |
|
|
|
|
|
6.
Investment income
|
|
Unrestricted Funds |
Total Funds 2024 |
Unrestricted Funds |
Total Funds 2023 |
|
|
£ |
£ |
£ |
£ |
|
Income from other investments |
446 |
446 |
110 |
110 |
|
|
---- |
---- |
---- |
---- |
|
|
|
|
|
|
7.
Expenditure on charitable activities by fund type
|
|
Unrestricted Funds |
Restricted Funds |
Total Funds 2024 |
|
|
£ |
£ |
£ |
|
Activity type 1 |
35,517 |
– |
35,517 |
|
Support costs |
55,433 |
– |
55,433 |
|
|
-------- |
---- |
-------- |
|
|
90,950 |
– |
90,950 |
|
|
-------- |
---- |
-------- |
|
|
|
|
|
|
|
Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
|
|
£ |
£ |
£ |
|
Activity type 1 |
25,599 |
5,000 |
30,599 |
|
Support costs |
34,116 |
1,500 |
35,616 |
|
|
-------- |
------- |
-------- |
|
|
59,715 |
6,500 |
66,215 |
|
|
-------- |
------- |
-------- |
|
|
|
|
|
8.
Expenditure on charitable activities by activity type
|
Activities undertaken directly |
Support costs |
Total funds 2024 |
Total fund 2023 |
|
£ |
£ |
£ |
£ |
|
Activity type 1 |
35,517 |
46,143 |
81,660 |
58,371 |
|
Governance costs |
– |
9,290 |
9,290 |
7,844 |
|
|
-------- |
-------- |
-------- |
-------- |
|
|
35,517 |
55,433 |
90,950 |
66,215 |
|
|
-------- |
-------- |
-------- |
-------- |
|
|
|
|
|
|
9.
Other expenditure
|
|
Unrestricted Funds |
Total Funds 2024 |
Unrestricted Funds |
Total Funds 2023 |
|
|
£ |
£ |
£ |
£ |
|
Loss on disposal of tangible fixed assets held for charity's own use |
964 |
964 |
– |
– |
|
|
---- |
---- |
---- |
---- |
|
|
|
|
|
|
10.
Net (expenditure)/income
Net (expenditure)/income is stated after charging/(crediting):
|
30 Sep 24 |
31 Mar 23 |
|
£ |
£ |
Depreciation of tangible fixed assets |
– |
321 |
Loss on disposal of tangible fixed assets |
964 |
– |
|
---- |
---- |
|
|
|
11.
Independent examination fees
|
Period from |
|
|
1 Apr 23 to |
Year to |
|
30 Sep 24 |
31 Mar 23 |
|
£ |
£ |
|
|
|
Fees payable to the independent examiner for:
Independent examination of the financial statements |
1,170 |
1,170 |
|
------- |
------- |
|
|
|
12.
Staff costs
The average head count of employees during the period was
3
(2023:
3
). The average number of full-time equivalent employees during the period is analysed as follows:
|
30 Sep 24 |
31 Mar 23 |
|
No. |
No. |
Number of staff |
3 |
3 |
|
---- |
---- |
|
|
|
No employee received employee benefits of more than £60,000 during the year (2023: Nil).
13.
Trustee remuneration and expenses
Rachel Stanford-Jason & Katherin Moody received gross pay of £12,153.85 & £12,000 in the year as trustees.
14.
Tangible fixed assets
|
Fixtures and fittings |
|
£ |
Cost |
|
At 1 Apr 2023 |
15,419 |
Disposals |
(
15,419) |
|
-------- |
At 30 Sep 2024 |
– |
|
-------- |
Depreciation |
|
At 1 Apr 2023 |
14,455 |
Disposals |
(
14,455) |
|
-------- |
At 30 Sep 2024 |
– |
|
-------- |
Carrying amount |
|
At 30 Sep 2024 |
– |
|
-------- |
At 31 Mar 2023 |
964 |
|
-------- |
|
|
15.
Investments
|
30 Sep 24 |
31 Mar 23 |
|
£ |
£ |
Investments in group undertakings |
– |
100 |
|
---- |
---- |
|
|
|
16.
Creditors:
amounts falling due within one year
|
30 Sep 24 |
31 Mar 23 |
|
£ |
£ |
Accruals and deferred income |
– |
1,170 |
Social security and other taxes |
– |
168 |
|
---- |
------- |
|
– |
1,338 |
|
---- |
------- |
|
|
|
17.
Analysis of charitable funds
Unrestricted funds
|
At 1 Apr 2023 |
Income |
Expenditure |
Transfers |
At 30 Sep 2024 |
|
£ |
£ |
£ |
£ |
£ |
General funds |
27,682 |
64,429 |
(91,914) |
– |
197 |
|
-------- |
-------- |
-------- |
---- |
---- |
|
|
|
|
|
|
|
At 1 Apr 2022 |
Income |
Expenditure |
Transfers |
At 31 Mar 2023 |
|
£ |
£ |
£ |
£ |
£ |
General funds |
39,192 |
63,545 |
(59,715) |
(15,340) |
27,682 |
|
-------- |
-------- |
-------- |
-------- |
-------- |
|
|
|
|
|
|
18.
Analysis of net assets between funds
|
Unrestricted Funds |
Total Funds 2024 |
|
£ |
£ |
|
Current assets |
197 |
197 |
|
Creditors less than 1 year |
– |
– |
|
|
---- |
---- |
|
Net assets |
197 |
197 |
|
|
---- |
---- |
|
|
|
|
|
Unrestricted Funds |
Total Funds 2023 |
|
£ |
£ |
|
Current assets |
29,020 |
29,020 |
|
Creditors less than 1 year |
(1,338) |
(1,338) |
|
|
-------- |
-------- |
|
Net assets |
27,682 |
27,682 |
|
|
-------- |
-------- |
|
|
|
|
19.
Related parties
There are no related party transactions this financial year.