FILE COPY Churches in Reading Drop~In Centre Report & financial accounts For the year ended 31" March 2024 Presented by Brywel Associales, Suite 5, Chillern Court, 37 Si Pelers A venue, Readingi RG4 7DH
Inde endent review of the accountin records for Churches in Readin Dro -In Centre For the ear to 31" March 2024 th 25 November 2024 We can confirni that we have carried out an independent review of the accounting records of Churches in Reading Drop-ln Centre for the year ended St 31 March 2024 and have produced the attached accounts as required. Mr.ASB ant FFA wel Associates Suite 5 Chiltern Court 37 St Peters Avenue Readin RG4 7DH.
CIRDIC Clitsi"Ll)85 iii R8odiiig L)rop ii? G6111re Churches in Reading Drop-ln Centre Registration Number: 02652137 DIRECTORS, REPORT The Directors of the Centre. who are ultimately its Trustees and are below referred to as the latter, have pleasure in presenting their report and the accounts for the year to March 31" 2024. CONSTITUTION Churches in Reading Drop-ln Centre Limited was incorporated as a company limited by guarantee on th 8 October 1991 to take over the activities of the Churches in Reading Drop-ln Centre as it then was. This transfer took place on I" November 1991. On 9 April 1992, the company changed its name to Churches in Reading Drop-ln Centre, taking advantage of section 30 of the Companies Act 2006. The Centre, which is known informally as CiRDiC, is reBistered in England and Wales as a charity, number 1005654. MISSION STATEMENT to welcome, as Christ welcomed, those who are in need. to offer love, hope and compassion within a Christian ethos to help to restore human dignity, self-respect and well-being. to work together within our community to increase awareness of our mutual responsibility towards the disadvantaged and marginalised in our societv TRUSTEES AND MANAGEMENT COMMIThEE The following persons arted as Trustees: John Davies (Chairl Bridget Barwick (Treasurer} David Browne Sally Leonard Eric Moyse Angela Wills Although the Trustees are responsible for policy with regard to running the Centre, day-to-dav decisions are taken by the Management Committee. At March 31 2023, the members of this Committee were: Mabel Gregory Imanager) Angela Bell Jill Bird Tony Bircher Ernie Cunningham
Andrea Darius Mark Dunford Ali Parr Rosemarie Tegg ACTIVITIES During this financial year CiRDiC continued to open three day5 3 week - Mondays, Tuesdays and Fridays between the hours of 10:00am 1:30pm. We continued to offer the guests hot food and drink, a warm place to come and "be" shower and bath facilities and access to the clothing store. In addition, the HOLT nurse and St. Mungos continued to meet the guests inside the building, and we have been able to offer podiatry and hair-cutting on a regular basis throughout the year. In addition, CiRDiC was able to start the breakfast on Sunday rnornings. ORGANISATIONS AND SERVICES WHICH WORK AT OR WITH CIRDIC Communicare Connect Reading HM Probation Seniice CGL (Change Grow Live)- drug and alcohol service Launch Pad Mental Health Nurses NHS Nurses Podiatrist Hairdresser St Mungo's- Homele55nes5 Charity PAID STAFF VOLUNTEERS & SUPPORTERS During the year, the company had the services of two part time paid staff: the Manager and the Centre Administrator. Four of the Trustees and all the unpaid members of the Management Committee also worked as volunteers at the Centre. There are currently approximately 30 volunteers in total, without whom it would not be possible to run CiRDiC. All new volunteers are required to undertake Adult Safeguarding training. CiRDiC retained its five-star Health and Hygiene rating awarded by Reading Borough Council in 2023 and Health and Hygiene training is offered to all volunteers. During this last year we have continued to receive generous donations of food from Costco, and Waitrose. In addition, we have been grateful for regular donations from Greens Butchers, Pangbourne, Sheeplands Farm, St. Vincent de Paul, Ismaili Civic and The Co-op. We are also indebted to local churches, The Rotary Clubs, schools, and many individuals who generously support us with funding and gifts of food, toiletries and clothing. FINANCIAL OVERVIEW OF THE PERIOD During this financial year the funds continued to diminish. An appeal went out and CiRDiC received significant donations and funding to the total of co. £160,000. CiRDiC remains in a financially sound position.
DIVIDENDS It is a requirement of the Memorandum of Association of the Centre that no distributions shall be made to the people who are members of the company at any time. John Davies Chair 23, November 2024
Churchtg in ReAdin Dro In C.tntrt Ststement of the financial activitie5 inf or and ex enditure aceount And statement ofTotal R ear ended 31st M rch 2024 an iDcom nistd ins and 1055 All don*tions det•iled ire rettived in the L,K only TotAI Totgl 2024 2023 INCOME AND EXPENDITURE INCOMING RESOURCES Donations from churches Donations from individuals Donations from other organisations Fundraising Women centre Local authority grants Gift Aid income Interest received Sundry receipts 34.786 71,312 50,212 34.786 14.188 71,312 21,768 50.212. 47,140 1.8CK) 10,000 1.839 758 1.800. 12.750 1,839 758. 359 11.492 2,750 Note 9 177 31 170.707 2.750 173.4_57 95,155 COST OF RESOURCES EXPENDED Charitable activities Governance Note 6 106,601 116 106,717 109,742 504 Note 7 106,601 116 106.717 110.246 Net incoming{outgoing) resources expended for the year 64,106 2.634 66,740 (15,091 } Transfers between funds Fund balances blf at 1st April 2023 91.708 5.000 96.708 111,799 Fund balances clf at 31sl March 2024 155.814 7.634 163.448 96.708 Page 1
hurehes in Re heet n Centr 31st Mareh 2024 2024 2023 FIXED ASSETS Note 3 7,184 8,778 CURRENT ASSETS Debtors Note 4 1.994 Cash at bank & in hand 160,740 90,387 160,740 92,381 CURRENT LIABILITIES Creditors Note 5 4,476 4,451 4,476 4,451 NET CURRENT ASSETS 156.264 87.930 TOTAL ASSETS 163 448 REPRESENTED BY Restricted funds Designated funds Revenue reserve 7.634 5,000 155.814 91,708 163.448 Thc company is entitled io ¢xemption from audit under section 477 ofthe Companies Aci 2(K16 for the year ended 31st MwLh 2024 The members have noi re4uired the compan) to obthin an audit of it's financial Aaiements for the yw ended 3 1st March 2024 in accordance with Seciion 476 of the Companies Act 2(K16 The trustees anknowled8¢ their responsibilities for.. (al ensuring the compan), keeps accounting rccords w'hich compl!. M'ith Sections 386 and 387 of the Companies Act 2006 and (bl preparing finan¢i8] stsiements which give a true and fair view of the stsie of affairs of the compan). &s at the end of each linancial year and of il's profit or loss for each financial Near in a¢¢ordance M'iih the requirements of Sections 394 and 395 and "hICh otheN"ise compl!. 7iih the requirements of thc Companies Aa 2(X)6 relating lo financial statement& 50 far as applicabl¢ to th¢ company. The linancial statcmcnt5 have b¢¢n prepared in accordance w'ith the provisions of Part 15 of the Companies Aci 2006 relaiing io small companie& The finhncial sthtements M'ere approled by the trustee5 on 25th vt r 2024 and were signed on their behalf by.. J Davies Page 2 B Barn'ick
hurehes in Re di Dro est he •c¢ount$ for the entre 1st MATch 2024 NOTE I: ACCOUNTING POLICIES B•sis rin he finaTr¢il $ nts These financial slatements have becn prepared in COrdanCe w'ith th¢ pr()I'isions of scction IA "Small Entities" of Financial Reporting Standard 102. Thc Financial RqM)rting Sthndard applicable in the L.K and Republic of Ireland and Companies Act 21M)6. 'fh¢ financial 5t&iements ha%¢ been prepared under the historical cost ¢onicntion Income receivible All donation and 8ranl income is included when received excepl for grani income from R¢ading Borough Coun¢il. H'hich is recognised on the dates that the instalments b¢come due The Ccntre receives considerablc amoun15 offood and clothing in kin& h¢r than monc! being gii'en io purchase these item5. No account has been tak'¢n ofihese receipts &$ li would noi bc prnclical to do so. These items arc consumed by or donaied ¢)n io the Centre's guests or. in the of surpluse& occasionally donated io other charities OT if 5crvicable. sold for rags. Similarl).. no accouni has b¢en taken of the building H'orK maintenance or 8ardening carried out by ihe C¢ntr¢'s volurticers and guests. nk inter Bank inl¢rest is ¢redii¢d in Ihe in¢ome & ¢xpenditure CoUnt on thc b&%is of th¢ amounts having become creditcd during the )'ear Fixed assets DeprL'ciation is proi'ided on all fixed asseis in a manner designed to MTile off their cosL% I¢s5 estImad residual values, b) the following methods and at the tollo%"ing rnies: Furniiure 8nd equipment Compuier equipment Securiiv s}'stem Building improvements 25Q/o reducing balancc 25Q/o Strdight line 330/0 Straight linc 25•10 reducing balance No account is taken of fixd &ss¢ts that hJve becn donated io the Centrc. &$ this would be impractical. Th¢ Trusl¢¢s do nol believe thai anN etTeLi on the accounts would be material. tocks No aLcouni has been iaken of 5101ks of food and clothing held at the balance sheet datc. &$ these are iniended lor consumption b). or don&ion to ihe C¢ntr¢'s guests. Rentals paid under operdting le&ses are charged io ihe unrestricled income & expendtture acwunt and ststemffli of financial aciivities as inLwred. Page 3
Church in Readin Dro In Centrt Note5 to the xccouots for the e•r ended 31$¢ M•rch 2024 "rhe general fund IGener&l Reser¥'el represenis Ihe accrued unspent reser%"e5 thai are noi 5ubjeLt to an)" re5triCiiOn. Designated funds haTrc bccn sel aside from the general fund bN the Tnstees io pa). for specific projea& bui these ma). be reslor¢d to the general fund if the Trustees decide that Such a course M'ould be prudent. As CIRDIC is dependent for the 8rL'aier part of ils income upon donation& which ma). var). from N'ear to l'ear. Ihe Trusitts hav¢ d¢Lided upon a poliLN' ol'retaining ai leasi imo lears nonnal ouigoings in ihese funds. in¢r¢&sing fyndraising a¢iii'il)' w'hen requirLd. W'hen takcn (ogether. at the 31st March 2024 the* d¢signa(¢d and gLneral funds repre.s¢nied approximatel) 25 monihs of cipcnditure. Restricied funds represeni don&iions received for specific prse5 so far as noi 8lr¢adi' Snt NOTE 2: ACCOUNT HEADINGS On the Balance Sheet and in the Slemen1 of Financi Acti&'itie5 and the as5(Kiated noies the Trustees haNe in Lertain cas¢s depaned from ih¢ headings containcd the Companies.4cts in order io pres¢nt the user of th¢se coUntS H'ith a ¢ and fair viem.. NOTE 3: TANGIBLE ASSETS Buildin Im Corn Furn & uter Securi meo Total roves At 1st April 2023 177.315 28.227 2.907 3.512 211.961 Addiiions 1.334 .334 Disposals Ai 3151 Mawh 2024 213.295 reciation Ai 1st April 2023 174.952 22.348 2.372 3.511 203.183 ChaTgc in pcriod 924 .470 534 2.928 Eliminated on Disposals Ai 31 st March 2024 175.876 23.818 N tbookv lue Ai 3151 March 2024 2.773 4.409 7.184 Ai 31 si March 2023 2.363 535 IYOTE 4: DEBTORS 2024 2023 Prepa}'ments and accrucd income 1.994 Page 4
Churche$ in Redin Dro Note ccounts for the tar ended 31st Mareh 2 24 NOTE 5: CREDITORS Iimounts fllin8 due within QDe yur) 2024 2023 Accruals PA YF. aLcounl 3.876 3.851 4.476 4.451 NOTE 6: COST OF RESOURCES EXPENDED LFnrestrie¢ 2023 Rcnt of building Food. Ltc Heal and Light I'ravel Telephone & computer Repuirs & renewals Waier rates l.egal & professional fees accounts CounLiI Bank charges Subscripiions Donations WLbsite Voluntccr expenses Domestic and h)'gi¢ne Emplo}'meni Losts Insur8nce premiums Posl & stationery Training Publicily t)cpre¢iati()n .o%s on as.*1 disposal Educativnal projects ComputLr & c71lice decoraiion Administration Sundries Wumcn's centre 11.5(N) 11,5¢X) 16,546 131 10.462 10.504 10.504 .920 982 1.541 576 6?4 .920 982 1.541 576 624 1.699 1.145 1,173 504 594 102 35 35 35 359 359 121 315 5.801 62.490 3,855 179 48 5(M) 2.750 6.908 63.?1? 3.228 428 24 6.908 63.212 3.2?8 428 24 2.928 2.928 532 171 50 50 1.408 50 .524 1.214 106.601 106.717 110.246 NOTE 7: COST ofGOVERiYAIYCE 2024 2023 Profes5ion&l charges 576 504 376 5(H NOTE 8: REluNERATIoN No remuncrntion was paid and no benefits accrued to Trnst¢¢s during the l'ear or during th¢ pr¢iouS >'ear. During thc ycar th¢ sum of £0 M'as paid io Trnsl¢es to cover the com of ua%'el12023--£01 Page 5
Chureh45 in Readin Dro In Ctntre ryote5 to the Mccount5 for the r ended Jlst Mar 24 OTE 9: INTEREST RECEITr'ABLE AND SIMILAR INCOME 2024 2023 Bank inieresi 758 177 758 177 NOTE 10: OPERATING LEASES The compan), holds a renewed property lease that expl5 on 3 1st December 2024. lThe rents due for the rcmainder of the lease being detsiled below. 2024 Rents becoming due under the Aboye mentioned lea Y¢ar to 31 si March 2025 10.125 NOTE 11: EMPLOYEES CIRDIC emplo}'ed t0 person5 during the s'ear. Boih ¢mplo)"ees ork'¢d mainl). CIRDIC (Bcrkley Avenue). As in prcvou5 year& the). wer¢ assied by voluni¢er& including sev¢ral Trusi¢e5. NOTE 12: TAXATION As a registered charity the Centre 15 exempi from direct United Kingdom tation. RefiJnd5 of incomc t&x on and donation5 under the Gift Aid schcme are included in th¢ caiegor¥' of income in M'hich the undcrlN'ing donation is included. 'rh¢ Centre ¢njo)s no genernl exemption from Value Added Tlx. Page 6
ChuTeh $ in Readin Dro Al *nd Administrativ In Centr detAi15 LEGAL STATUS lThe Centre is a compan), limited b). guaranlee. reBlStered in England and W'ales. The company regislrdlion number is 2652137. The Centre is a rcglsTed charity, number 1005654. The Tru5tCC5 constitute the ultimate controlling part DIRECTORS. TRUSTEKS. ETC The names of the directors and members of the Managemcnt Committee are set out on page I ADDRESSES Registcr¢d Office 8 Lea Close Reading RG30 3NB The Centre Berkele). Avenue Reading RGI 6JT Chair 8 Lea Close Readin8 RG30 3NB BANKERS AND ADN'ISORS Bankers Barcl8%'s Bank plc POBox27 R¢adin8 RGI 2HD Sort Code 20-714>3 Currcnl account 70269573 Accountants Br¥Mel As%)ciates Suite 5. Chiltcrn Court 37 Si Peicr5 Avenue Cai¢T5ham Reading RG4 7DH Page 7