Company No. 331H1176 Reg. Charity No. 1063632 THE WOODLEY PILOT LIGHT TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
THE WOODLEY PILOT LIGwf TRUST Contents Reference and AdministratNe Information Structure, Governance and Management Objectives and Activities Achievements and Perfomiance Financial Review Independent Examinerfs Report to the Trustees Statement of the Unaudited Financial Activrties for the year ended 30 June 2024 Balance Sheet for the year ended 30 June 2024 Notes forming part of the financial statements for the year ended 30 June 2024 10
THE WOODLEY PILOT LIGwf TRUST ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2024 Reference and Administrative Information The Trust is restered with the Charity commissio No. 1063632. The Company number is 3300176. The registered adthess is: Woodley Baptist Church Centre Hurricane Wav Woodley Reading RG5 4UX TrusteeslDirectorg The Trustees during the period were: _ ChristopheT van Es Brian HOF Jenny Vertigan (Resigned 5 October 2023) Andrew Cook (Appointed I" July 2023) Bankers: CAF Bank Ltd 25 Kings Hill Avcnuc. Kings Hill. West Malling Kent ME19 4JQ Structureg Governance and Management Governlng Documen¢ The organisation is a charitable company Ilmited by guarantee, incorporated on 9 January 1997 and registered as a charity on 28 July 1997. The company was estsblished under a Memorandum of Association which established the objects and tx)wers of the charitable company and is governed under its Articles ot Association. In the event ot the company being wound up members are required to contribute an amount not exceeding £1. Recrultment and Appointment of Trustee Body The directors of the company are also charity trustees for the purpx)ses of charity law and under the company's J4rticies are Known as memi)ers oi trie Arusiee tsoay. Unaer ttie requirements ot tile Memorandum and Articles of Association at the fitst and every subsequent Annual General Meeting
THE WOODLEY PILOT LIGHT TRUST one third of the members of the Board of TteeS shall retire from office b&sed on len of service. Retiring members shall be eligible for re-election. New Trustees are recruited by th.rect invitation from the existing Board of Trustees and are identified either by the Board of Trustees or by referral to the Tntees. In extending invitations account is taken of the skills present and needed around the Board table. Potential Trustees are invited to attend Trst¢¢ Meetings as observers and enabled to familiarise themselves with the organisation. Once mutual aeement as to the suitability of the app)intment has been established new Trustees may be apFK)inted to serve in association with the Board of Trustees until the next round of Board elections. Objectives and Activities Th¢ Trustees hold the capitsl and income uwn tnt to apply the income of the charity for the advancement of the Chn'stian faith amongst the inhabitants of Woodley, Wokingham and Reading by any charitable means and in particular. but not exclusively, by the provision of outreach facilities including Woodley Food bank and Re Inspired. Achievements and Performance The Food Bank has had another busy year with the demand for our services showing no signs of dropping. People are finding their income squeezed by rising inflation and other economic factors. As always our services are available to everyone, regardless of faith and we continue to accept self &8 well as official referrals. We have engaged with the Citizens Advice Bureaw who visit our distribution site at times to help provide advice to those needing our help. We continue to have some truly wonderful community support in terms of donations - from the public and local organisations. Also we have people willing to voluntccr their time with us, without whom none of what we do would be possible. The Manager for REinspired Woodley (REIW) again has spent time preparing for the school year commencing September 2023. after which entrance to schools began again and has returned to the levels pre lockdown. The Primary schools have improved access to the REIW teams and many useful sessions have been spent with the children from Nursery to Year 6.we trust that this will continue to be possible in future years and provide good infonnation to these young children as part of their learning experience. Finaneial Review Presenlatlon of theJ7nonclal s¢eMents The financial statements have been prepared in accordance with The Charities Act (Accounts and Reports) Regulations and The Charity Commission Ststement of Recommended Practice: Accounting and Rep)rting by Charities {FRS102). Reserves Policy The Trustees have set a EK)licy on reserves that there should be sufficient for norn]al expenditure of a minimum of 3 months, and ideally a maximum of12 months. During the financial year, the reserves have remained substantially above this at year end, mainly in the restricted Woodley Food Bank fund. This will enable the Food Bank to continue to function at what has proved to be at an increased level due to the pressure on household incomes squeezed by rising infiation and other economic factors. Investment Pollcy The Charity does not seek to invest for the sake of income. Princlpalfunding resources During the year to 30 June 2024 the total income received was £53.958 (2023: £53,172) of which £53.958 (2022: £53,172) came from donations and related tax refunds. The increase in income has continued to come from donations received to supp)rt the work of Woodley Food Bank despite the pressure on household incomes.
THE WOODLEY PILOT LIGHT TRUST Statement of Directors Responsibilities The Charities Act and the Companies Act require the Directors (who are also the trustees for Charity Law) to prepare financial statements for each financial period which give a true and fair view of the state of affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, forthe financial pxriod. In preparing those financial statements, the directors follow best practice and: Select suitable accounting liCieS and then apply them consistcntly. Observe the methods and principles in the Charities SORP. Make judgments and estimates that are reasonable and prudent. State whether applicable UK Accounting Standards have been followeil 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 charitable company WAII continue in business. The Directors are responsible for maintsining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Directors are also reswnsible for safeguarding the assets of the charitable company and hence for taking re&sonable steps for the prevention and detection of fraud and other irregularities. The Directors are also reswnsible for thc contents of the Directors. Report, and the resw)nsibility of the independent examiner in relation to the Directors, Report is limited to examining the rcFX)rt and ensuring that on the face of the report there arc no inconsistencies with the figures disclosed in the financial ststements. This reFK)rt has been prepared in accordance with the Statement of Recommended Practice - Accounting and Reporting by Charities (FRS102) and in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006. Members of the Trustee Body The Trustees, who ar¢ directors for the purpose of company law and trustees for the purpose of charity law, who served during the year and up to the date of this report are set out on page 3. In accordance with company law. as the directors of the company, we certify that.. so far as we are aware. there is no relevant financial infonnation of which the company's Independent Examiner was unaware. and We have taken all the steps that we ought to have taken in order to make ourselves aware of any relevant financial information and to establish that the Charity's Independent Examiner is aware of that information. Independeni Eyamlner Alan Crosse was apwinted as the charitable company's Independent Examiner and has expressed his willingness to act in that capacity. Approved by the TnteeS and signed on their behalf by: Chris van Es Tntee Date:
THE WOODLEY PILOT LIGITf TRUST Independent Examinerfs Report to the Trustees of Woodley Pilot Light Trust I re ort on the accounts of the Charitable Company for the year ended 30, June 2024, which are set out on pages 7 to 10. Respectlve responslbllltles of trustees and examiner The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to: examine the accounts under section 145 of the 2011 Act: to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and To state whether particular matters have come to my attention. Basls of the Independent examlner's report My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as 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. Independent examlner's ststement In connection with my examination, no matter has come to my attention: (11 Which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with section 386 of the Companies Act 2006. and to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities Have not been met; or (21 To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Alan Crosse Date: 4-
THE WOoDy PILOT LIG[ TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2024 Unrestricted Restricted Fund Fund Total 2024 Total 2023 Incoming Resources Donations Gift aid on donations Other income 392 51.627 1,707 52,019 50.914 1,707 2.100 232 158 232 Total Income 624 53,334 53,958 53,172 Resources Expended Direct Charitable Expenditure 237 28.802 29,039 22,360 Total Expenditure 237 28.802 29,039 22,360 Net Movement in Funds 387 24.532 24,919 30,812 Balance Brought Forward l July 2023 11.475 90.850 102.325 71.513 Balance Carried FoTward 30 June 2024 11,862 115.382 127,244 102,325
THE WOODLEY PILOT LIGwf TRUST BALINCE SHEET 30 JUNE 2024 Company number 331M)176 2024 2023 Investments Investments in Subsidiary Current Assets Cash at Bank and in Hand Debtors (Note 2) 125.651 1.707 101,051 2,100 127.358 103,151 IESS Current Liabilities Creditors (Note 3) (115) (826) 127,244 102,325 Net Assets £ 127.244 £ 102,325 Capitsl and Reserves Unrestricted Fund Restricted Funds (Note 6) 11,862 115.382 11,475 90,850 Net Assets £ 127,244 £ 102,325 This report has been prepared in accordance with the special provisions applicable to companies subject to the small companies, regime. For the year ended 30 June 2024 the company was entitled to th¢ exemption from the requirement to have an audit under section 477. Companies Act 2006 relating to small companies and its members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476. The directors acknowledge their resFKinsibilities for complying with the requirements of the Act with respect to accounting records and the prepardtion of accounts. Approved by the Trustees and authorized for issue and signed on behalf of the Board by: CL. ,A Chris van Es L O( LL IdLIF Date:
THE WOODLEY PILOT LIGITf TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 ACCOUNTING POLICIES ststement of Trustees Responsibilities Chlty law requires the Trustees to prepare Financial Statements for each financial year. which give a true and fair view of its ststc of affairs at the Balance Sheet date and of its income and expenditure for that period. In preparing these Financial Statements the Tntstees are required to:_ select suitable accounting px)licies and apply them nsIstentIY make judgements and estimates that ar¢ reasonable and prudent state whether the policies adopted are in accordance with applicable accounting standards Prepare the Financial Statements on a going concern basis. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Trust. They are also responsible for safeguarding its assets. b) Basis of Accounting The Financial Statements have been prepared under the historical cost convention and in accordance with applicable aOUnting standards and the Statement of Recommended Practice 'Accounting by Charities,. Ineome With the exception of voluntary income arising from fund raising activities and donations, all income is credited to the Statement of Financial Activities on an accruals basis. d) Expenditure Expenditure has been stated in the Ststement of Financial Activities on an accruals basis and includes VAT where applicable. Debtors 2024 2023 Gift Aid Recoverable 1.707 2.1
THE WOODLEY PILOT LIGwf TRUST THE WOODLEY PILOT LIGHT TRUST NOTES TO THE FINANCIAL STATEMENTS (cont) FOR THE YEAR ENDED 30 JUNE 2024 Creditors 2024 2023 PAYE Due Accruals 115 106 720 Tota] 115 826 stsff 2024 2023 Wages and salaries 6,480 5.904 Average number employed Expenditure on Charilable Activities Unrestricted Restricted 2024 2024 Total 2024 Total 2023 Wages and salaries Cont to St James for REinspired Manager Food Bank Food purchases Food Bank other running costs REinspired photocopyingexpenses Insurance Relocation Food store Donations Sundry 6.480 8,004 10,226 3.054 874 6,480 8.004 10,226 3.054 874 328 5,904 7.233 5.773 2,960 86 328 73 73 76 Total Expenditure 237 28,802 29,039 22,360 RESTRICTED FUNDS 1st July Incoming Outgoing 30 June 2023 Resources Resources 2024 REinspired Woodley Foodbank 1.808 89,042 12.124 41210 8,933 4.999 19.869 110,383 Total 90.850 53,334 28,802 115.382 io