ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025
SALT AND LIGHT MINISTRIES
(A COMPANY LIMITED BY GUARANTEE) COMPANY REGISTRATION No: 03603373 CHARITY REGISTRATION No: 1071600
Castle View Accounting Ltd Ground Floor Offices
53 High Street Arundel West Sussex BN18 9AJ
SALT AND LIGHT MINISTRIES
(A COMPANY LIMITED BY GUARANTEE)
CONTENTS
| Page 3 | Legal & Administrative Information |
|---|---|
| Pages 4 to 6 | Report of the Directors' |
| Page 7 | Statement of Financial Activities |
| Page 8 | Balance Sheet |
| Pages 9 to 20 | Notes to the Financial Statements |
| Page 21 | Independent Examiner's Report |
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SALT AND LIGHT MINISTRIES
(A COMPANY LIMITED BY GUARANTEE)
LEGAL AND ADMINISTRATIVE INFORMATION
CHARITY NUMBER
CHARITY NUMBER 1071600 COMPANY REGISTRATION NUMBER 03603373 DATE OF INCORPORATION 24th July 1998 START OF FINANCIAL YEAR 1st September 2024 END OF FINANCIAL YEAR 31st August 2025 DIRECTORS AT 31ST AUGUST 2025 S.P Thomas A. Moyo S.H Neal
GOVERNING DOCUMENT
Memorandum and Articles of Association Incorporated 24th July 1998, As Amended by Special Resolution Dated 22nd May 2022.
OBJECTS
To advance the Christian Faith in accordance with the statement of beliefs appearing in the schedule hereto in such parts of the World as the Directors of the Charity may from time to time think fit.
REGISTERED ADDRESS
33 Lower Hall Lane Walsall West Midlands WS1 1RR
PRIMARY BANKERS Barclays Bank Plc 20-22 Park Street Walsall West Midlands WS1 1NG
INDEPENDENT EXAMINERS
Castle View Accounting Ltd Ground Floor Offices 53 High Street Arundel West Sussex BN18 9AJ
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SALT AND LIGHT MINISTRIES
(A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE DIRECTORS'
FOR THE YEAR ENDED 31ST AUGUST 2025
Principal Activity
The principal activity of the company is the advancement of the Christian faith through the provision of training and support for Christian Ministries in a group of churches in the United Kingdom and internationally.
Charitable Status
The company has charitable status and is registered with the Charity Commission under registration number 1071600, and a company registered in England and Wales under registration number 3603373.
Governing Instrument
The company’s activities are regulated by the Memorandum and Articles of Association. The objects of the company are:
- i) To advance the Christian faith;
ii) To relieve those who are in conditions of need, hardship or who are aged or sick;
-
iii) To advance education in accordance with Christian principles;
-
iv) To promote other charitable objects as decided by the directors from time to time.
Directors:
-
A Moyo
-
S H Neal
-
S P Thomas
The above named have served during the year. The Directors of the company are also the trustees of the charitable activities. The Directors are kept informed of the activities and performance of the charitable company and provided with regular management information. The composition of the Board is kept under review and additional appointments will be made should the need arise. All Directors are made aware of their responsibilities.
Persons of Significant Control
In line with recent changes to legislation we have created a register of persons of significant control and submitted their details as part of our Companies House return. These persons (who hold the right to appoint or remove the majority of the board of directors of the company) are therefore identical to our Members.
Members
The Members of the charity are the leaders of the Spheres on whose behalf the national framework is run. They are:
-
S Thomas
-
D Richards
-
A Moyo
-
R Ellwood
Administrative Details
Key Staff: Oliver Russell and Ruth Morton
Registered Office: 33 Lower Hall Lane, Walsall, England, WS1 1RR
Independent Examiners: Castle View Accounting Ltd, Ground Floor Offices, 53 High Street, Arundel, BN18 9AJ
Bankers: Barclays Bank PLC & Virgin Money
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SALT AND LIGHT MINISTRIES
(A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE DIRECTORS' (Continued) FOR THE YEAR ENDED 31ST AUGUST 2025
Review of Activities
Within the UK we have continued with our strategy of releasing churches to invest more in their local Spheres, and have supported this work through a further round of a Training Grant processes to invest £28,000 in Sphere-sponsored training over this period.
We continue to maintain two residential properties in Oxford which substantially help to finance our grant making. These are maintained to a good standard with fair commercial rents set to a local Oxford charity to support the homeless or those who would otherwise struggle to find accommodation.
We also continue to handle a small number of regular donors to overseas development projects we initiated but which have been subsequently transferred to UK charities who carry on that work (Henley Baptist Church, Basingstoke Community Churches).
We held our first full post-pandemic International Leaders Conference in Kenya in May 2025.
Financial Review
During the year the charity has received donations and other income amounting to £155,619 and has incurred expenditure of £135,873. The charity is largely dependent on voluntary support from many individuals and the family of churches, and this is gratefully acknowledged by the Directors.
Reserves
The Directors seek to hold adequate reserves to meet three months operating costs including emergency property costs . At year end we had cash at hand of £44,152 towards a 25/26 expenditure budget of £109,758..
Risk Management
The Directors have reviewed the major risks to which the charity is exposed and have taken steps to mitigate the potential impact of these.
Leadership Transition
Joemon and Sunita Joseph have completed the Leadership Transition of the International Team. From September 2025 they will be released one day a week from Bombay Baptist Church and we have secured funding from the international spheres to support this new stage of development.
Public Benefit
The Directors have considered the guidance provided by the Charity Commission regarding public benefit and the work of the charity (in particular the specific guidance on charities for the advancement of religion).
5
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SALT AND LIGHT MINISTRIES
(A COMPANY LIMITED BY GUARANTEE)
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2025
(Incorporating Income and Expenditure Account)
| Notes INCOMING RESOURCES Incoming Resources from Generated Funds Donations, Grants & Legacies 3a Investment Income 3b Charitable Activities 3c Activities for Generating Funds 3d Other Incoming Resources 3e TOTAL INCOMING RESOURCES RESOURCES EXPENDED Cost of Generating Funds Charitable Activities 4a Governance Costs 4b TOTAL RESOURCES EXPENDED NET INCOMING/ (OUTGOING) RESOURCES Balance Brought Forward Revaluation of Investment Properties 9 Exchange Rate Gains/(Losses) Transfer Between Funds 5 TOTAL FUNDS CARRIED FORWARD |
Unrestricted Designated Restricted TOTAL TOTAL Funds Funds Funds 2024/25 2023/24 £ £ £ £ £ 1,546 14,159 290 15,995 12,489 - - - - - - 87,458 - 87,458 62,284 45,503 6,661 - 52,164 48,600 1 - - 1 1 47,050 108,278 290 155,619 123,374 6,224 127,104 290 133,618 107,892 2,315 - - 2,315 1,944 8,540 127,104 290 135,933 109,837 38,511 (18,825) - 19,686 13,538 847,847 33,686 2,615 884,148 875,650 9,240 - - 9,240 (5,040) (14) (615) - (629) - (34,195) 34,195 - - - 861,389 48,441 2,615 912,445 884,148 |
|---|---|
Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing.
The notes on pages 9 to 20 form part of these financial statements.
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SALT AND LIGHT MINISTRIES BALANCE SHEET AS AT 31ST AUGUST 2025 illyeth R8s1Th TOTAL TOTAL JI-25 Flxed A••th• Tangitle Assets Soaal Inve8trnurt InvesThent Prrwti )1AXI 9)1,8 847,58 Tot•1 Flx•J A••• •M.81KI 647.560 11 10 13.173 41.7 13.173 44.152 12.155 25,933 ca8hkndinH 1615 Tth•l Cyrrwrt Amats 710 3.815 S7.325 12 2.815 55,645 M568 11 45.toj 45.1)Xl 2,815 •S7.44S W,148 NET AS8Ers 2.815 2.445 854.148 FUThJ•Oft Ctr•lty Fund• Denal•j R•8rri(a•d Fur 861,3Bg 48.441 861,38 48.441 2,615 847,847 33,686 2,6t5 2.615 Tol•l Funth 2,615 911445 884,148 Examirnrkne reF#Jt 8[¢* cffj 21. LSK and Rewbh'o cdlrBIDrKJ IFAS102 far aB to ts CUnFWry. Pn"nt•J Nam &rcPH& P
SALT AND LIGHT MINISTRIES
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025
1. ACCOUNTING POLICIES
Basis of Preparation & Assessment of Going Concern
Basis of Preparation
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP 2015) (Second Edition, effective 1st January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Charities Act 2011.
The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.
Assessment of Going Concern
Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.
Incoming Resources
Recognition of Incoming Resources
These are included in the Statement of Financial Activities (SOFA) when:
▪ the charity becomes entitled to the resources;
▪ the Directors are virtually certain they will receive the resources; and
▪ the monetary value can be measured with sufficient reliability
Incoming Resources with Related Expenditure
Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA.
Grants and Donations
Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
Tax Reclaims on Donations and Gifts
Incoming resources from tax reclaims are included in the SOFA in the same financial period as the gift to which they relate.
Contractual Income and Performance Related Grants
This is only included in the SOFA once the related goods or services has been delivered.
Gifts in Kind
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable.
Donated Services and Facilities
These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.
Volunteer Help
The value of any voluntary help received is not included in the accounts but is described in the Directors' annual report.
Investment Income
This is included in the accounts when receivable.
Investment Gains and Losses
This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
9
SALT AND LIGHT MINISTRIES
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2025
1. ACCOUNTING POLICIES (Continued)
Expenditure and Liabilities
Liability Recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
Governance Costs
Include costs of the preparation and examination of statutory accounts, the costs of the Directors' meetings and cost of any legal advice to Directors on governance or constitutional matters.
Changes in Accounting Policies and Previous Accounts
There has been no change to the accounting policies (variation rules and methods of accounting) since last year, and no changes to the previous accounts.
Grants Payable without Performance Conditions
These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity.
Taxation
The charity is exempt from tax on its charitable activities.
Legal Status of the Charity
The charity is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity.
Investments
Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at Directors' best estimate of market value.
Fixed Asset Investments
Fixed asset investments are held to generate income and a return on investment. The investments are held to generate income and for their future investment potential and capital appreciation. Fixed asset investments are investments that are held specifically to generate income to further the Charity's objects and due to capital appreciation the Charity expects to generate a profit on disposal to further the Charity's objects.
Current Asset Investments
Current asset investments are held to generate income and/or for their investment potential. Current asset investments are investments that are held specifically for sale or are investments that the Charity expects to sell by the next balance sheet date.
Investments, other than social investments (see below), are valued as follows:
i ) Investment property and listed investments are valued at their market value (fair value) at the balance sheet date.
Social Investments
Social investments are investments where the primary motive is to further the charity's objects, not to generate an investment return.
Concessionary Loans
These are initially recognised as the amount paid and thereafter the carrying value at every balance sheet date is adjusted for repayments, interest charges and provisions for impairment if the amount owed may not be fully recoverable.
10
SALT AND LIGHT MINISTRIES
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2025
1. ACCOUNTING POLICIES (Continued)
Impairment Losses
Impairment losses and losses arising on the disposal of social investments are included in the Statement of Financial Activities.
Critical Accounting Estimates and Areas of Judgement
ln preparing financial statements certain judgements, estimates and assumptions have to be made that affect the amounts recognised:
i ) The valuation of fixed asset investments and the recoverability of social investments. These estimate are reassessed annually and the valuations are adjusted to reflect current expectations of the fair value of each.
ii ) The constructive obligation for grants payable is based on an assessment of the likely duration of the supported activity. Again this estimate is re-assessed annually and the obligation is adjusted to reflect current expectations.
Investment Property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.
Investment Property Annex
Amortisation is calculated at a rate to write off the cost of the investment property annex over the estimated useful life of the asset. The rates applied per annum are as follows:
The Annex Cost 5% - Straight Line Basis
Tangible Fixed Assets
These are capitalised if they can be used for more than one year, and cost at least £5,000. They are valued at cost or, if gifted, at the value to the charity on receipt.
2. TANGIBLE FIXED ASSETS
The Charity held no tangible fixed assets during this or the previous financial year.
The annual commitments under non-cancelling operating leases and capital commitments are as follows: 31st August 2025 : None
31st August 2024 : None
11
SALT AND LIGHT MINISTRIES
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2025
3. INCOMING RESOURCES
| a) Donations, Grants & Legacies Gifts & Donations b) Investment Income Interest c) Charitable Activities Conference & Events King's School of Theology d) Activities for Generating Funds Rental Income e) Other Incoming Resources Sundry Income |
Unrestricted Designated Restricted TOTAL TOTAL Funds Funds Funds 2024/25 2023/24 £ £ £ £ £ 1,546 14,159 290 15,995 12,489 1,546 14,159 290 15,995 12,489 - - - - - - - - - - - 87,458 - 87,458 61,984 - - - - 300 - 87,458 - 87,458 62,284 45,503 6,661 - 52,164 48,600 45,503 6,661 - 52,164 48,600 1 - - 1 1 1 - - 1 1 |
|---|---|
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SALT AND LIGHT MINISTRIES
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2025
4. RESOURCES EXPENDED
| Note a) Charitable Activities Bank Charges Conference & Events Gifts & Donations Insurance Costs International Church Relief Fund License & Subscriptions Office Costs Pearls Expenditure Repairs & Maintenance Staff Costs 16 Training Grants Travel & Subsistence b) Governance Costs Independent Examiners Fee 12 Legal & Professional Fees |
Unrestricted Designated Restricted TOTAL TOTAL Funds Funds Funds 2024/25 2023/34 £ £ £ £ £ 53 - - 53 120 14 67,091 - 67,105 45,421 - 2,800 - 2,800 316 787 1,672 - 2,459 2,222 - - 230 230 190 522 - - 522 - 194 888 - 1,082 956 - - 60 60 60 - 5,361 - 5,361 - 4,654 12,758 - 17,412 16,755 - 24,500 - 24,500 30,000 - 12,033 - 12,033 11,854 6,224 127,104 290 133,618 107,892 1,680 - - 1,680 1,500 635 - - 635 444 2,315 - - 2,315 1,944 |
|---|---|
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SALT AND LIGHT MINISTRIES
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2025
5. DESIGNATED FUNDS
CURRENT FINANCIAL YEAR
| International Operations Housing Fund Training Grants Events Fund Travel Fund Joemon Support Fund Annex Project |
Balance Gains & Balance 01-Sep-24 Income Expenditure (Losses) Transfers 31-Aug-25 £ £ £ £ £ £ - 2,300 8,495 - 6,195 - 20,250 4,261 7,033 - - 17,478 - - 28,000 - 28,000 - 11,077 88,461 82,648 (615) - 16,274 2,359 - (1,500) - - 3,859 - 10,856 2,426 - - 8,430 - 2,400 - - - 2,400 33,686 108,278 127,104 (615) 34,195 48,441 |
|---|---|
PREVIOUS FINANCIAL YEAR
| King's School of Theology International Operations Housing Fund Training Grants Events Fund Travel Fund Maintenance Fund |
Balance Gains & Balance 01-Sep-23 Income Expenditure (Losses) Transfers 31-Aug-24 £ £ £ £ £ £ - 300 300 - - - - 2,000 9,316 - 7,316 - - 20,250 - - - 20,250 - - 3,000 - 3,000 - - 60,880 49,804 - - 11,077 - 7,903 5,544 - - 2,359 - - 1,451 - 1,451 - - 91,333 69,415 - 11,767 33,686 |
|---|---|
Designated Funds are mainly training related courses or events where any final surplus or deficit is transferred to the General Fund.
Transfers include both these final balance transfers and a management charge levied on the event to cover central costs.
The Designated Funds held are wholly represented by the Charity's Cash Reserves and are to be expended as specified above.
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SALT AND LIGHT MINISTRIES
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2025
6. RESTRICTED FUNDS
CURRENT FINANCIAL YEAR
| Ministry Support - International Development Fund Church Relief Fund Pearls of Africa |
Balance Balance 01-Sep-24 Income Expenditure Transfers 31-Aug-25 £ £ £ £ £ 1,000 - - - 1,000 1,615 230 230 - 1,615 - 60 60 - - 2,615 290 290 - 2,615 |
|---|---|
PREVIOUS FINANCIAL YEAR
| Ministry Support - International Development Fund Church Relief Fund Pearls of Africa |
Balance Balance 01-Sep-23 Income Expenditure Transfers 31-Aug-24 £ £ £ £ £ 1,000 - - - 1,000 1,615 190 190 - 1,615 - 60 60 - - 2,615 250 250 - 2,615 |
|---|---|
Ministry Support Funds are monies given for development for both the UK and International branches of the Church Family.
Church Relief International and Church Relief International Education Funds include monies given specifically to support overseas aid and education projects, the biggest of which is the Children's Centre - New Hope Uganda. The grant giving is made to institutions and individuals who undertake activities that further the Charity's objects. These funds are gradually being transferred to other organisations who will continue to administer the funds to intended recipients.
The Restricted Funds held are wholly represented by the Charity's Cash Reserves and are to be expended as specified above.
15
SALT AND LIGHT MINISTRIES
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2025
7. GRANTS PAYABLE
| Grants for UK and Overseas Missions Grants for the Relief of Poverty Grants for Education, including Ministry Training |
Grants to Grants to TOTAL TOTAL Institutions Individuals 2024/25 2023/24 £ £ £ £ 2,800 - 2,800 316 230 - 230 190 24,500 - 24,500 30,000 27,530 - 27,530 30,506 |
|---|---|
8. SOCIAL INVESTMENT
CURRENT FINANCIAL YEAR
| Concessionary Loans PREVIOUS FINANCIAL YEAR Concessionary Loans |
Balance Loans Loans Provision for Balance 01-Sep-24 Made Repaid Impairment 31-Aug-25 £ £ £ £ £ - - - - - - - - - - Balance Loans Loans Provision for Balance 01-Sep-23 Made Repaid Impairment 31-Aug-24 £ £ £ £ £ 10,000 - 10,000 - - 10,000 - 10,000 - - |
|---|---|
Social investments comprise a concessionary loans made to a Charity to help it expatriate a Church Leader into a new UK Church.
16
SALT AND LIGHT MINISTRIES
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2025
9. INVESTMENT PROPERTIES
The Charity owns two houses that had previously been used for bible college student accommodation. The last valuation from a local estate agent was carried out during the year ended 31st August 2019 and has been updated by the Directors based on market appraisals.
During the financial year the Directors agreed to carry out work to Land and Building at 88 Pinnocks Way, OX2 9DQ. The Directors have agreed to instruct the construction of an Annex on the Land and Building at a cost of £45,000 in furtherance of the Charity's objects.
| Cost Value at 1st September 2024 Additions Revaluation of Investment Properties Fair Value at 31st August 2025 |
Pinnocks The Southern TOTAL TOTAL Way Annex By-Pass 31-Aug-25 31-Aug-24 £ £ £ £ £ 398,160 - 449,400 847,560 852,600 - 45,000 - 45,000 - 4,620 - 4,620 9,240 (5,040) 402,780 45,000 454,020 901,800 847,560 Land & Buildings |
|---|---|
The Directors have agreed to obtain an Unsecured Loan of £45,000 on the terms, and subject to the conditions of an agreement dated 22nd April 2025.
The Directors have agreed to obtain the loan in relation to the construction of an Annex at 88 Pinnocks Way, OX2 9DQ. The Loan shall accrue interest at a rate of 5% of the outstanding balance at each anniversary and the total interest incurred during the term of the loan is £7,593.00.
The Directors have agreed to repay the Loan in full on the fifth anniversary of the agreement dated 22nd April 2025 and on each anniversary of the agreement the Directors have agreed to make payments as per the following schedule:
| i Year 1 ii Year 2 iii Year 3 iv Year 4 v Year 5 |
8,000.00 9,800.00 10,200.00 10,500.00 14,093.00 52,593.00 |
|---|---|
17
SALT AND LIGHT MINISTRIES
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2025
10. CASH AT BANK AND IN HAND
| Cash at Bank and in Hand 11. DEBTORS AND PREPAYMENTS Sundry Debtors |
Unrestricted Restricted TOTAL TOTAL Fund Fund 31-Aug-25 31-Aug-24 £ £ £ £ 41,537 2,615 44,152 25,933 41,537 2,615 44,152 25,933 Unrestricted Restricted TOTAL TOTAL Fund Fund 31-Aug-25 31-Aug-24 £ £ £ £ 13,173 - 13,173 12,155 13,173 - 13,173 12,155 |
|---|---|
12. CREDITORS AND ACCRUALS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Independent Examiners Fees | Unrestricted Restricted TOTAL TOTAL Fund Fund 31-Aug-25 31-Aug-24 £ £ £ £ 1,680 - 1,680 1,500 |
|---|---|
| 1,680 - 1,680 1,500 |
|
| 13. CREDITORS AND ACCRUALS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR | |
| Unsecured Loans | Unrestricted Restricted TOTAL TOTAL Fund Fund 31-Aug-25 31-Aug-24 £ £ £ £ 45,000 - 45,000 - |
| 45,000 - 45,000 - |
14. NET ASSETS BETWEEN FUNDS
| Fixed Asset Investments Net Current Assets Long Term Liabilities |
Unrestricted Restricted TOTAL TOTAL Funds Funds 31-Aug-25 31-Aug-24 £ £ £ £ 901,800 - 901,800 857,560 53,030 2,615 55,645 36,588 45,000 - 45,000 - 909,830 2,615 912,445 894,148 |
|---|---|
18
SALT AND LIGHT MINISTRIES (A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2025
15. RECONCILIATION OF MOVEMENT ON CAPITAL AND RESERVES
The Company is Limited by Guarantee (03603373) and is a Charity registered with the Charity Commission (1071600) and does not have a Share capital and has no income subject to Corporation Tax.
| Profit / Deficit for the financial year Other Recognised Gains Balance Brought Forward Revaluation of Investment Properties 9 Exchange Rate Gains/(Losses) Closing Funds at 31st August 2025 |
TOTAL 2024/25 £ 19,686 - 19,686 884,148 9,240 (629) 912,445 |
TOTAL 2023/24 £ 13,538 - 13,538 875,650 (5,040) - 884,148 |
|---|---|---|
16. STAFF COSTS AND NUMBERS
| Gross Wages, Salaries & Fees Employer's National Insurance Costs Pension Contributions Employees who were engaged in each of the following activities: Charitable Activities |
TOTAL 2024/25 £ 17,412 - - 17,412 TOTAL 2024/25 2 |
TOTAL 2023/24 £ 16,755 - - 16,755 TOTAL 2023/24 2 |
|---|---|---|
The Charity operates PAYE scheme to pay all employed members of staff and no members of staff received emoluments of over £60,000 (2023/24:None).
The Charity's key management comprise the trustees and the key staff named in the administrative details of the Trustees Annual Report. During the year no key management received employment benefits directly from Salt and Light Ministries, but other organisations were reimbursed £17,412 for work carried out by key management (2023/24: £16,755).
19
SALT AND LIGHT MINISTRIES
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2025
17. DIRECTORS AND OTHER RELATED PARTIES
During the financial year Director Mr Steve Thomas received £1,531 (2023/24:£6,271) in Event and Travel Costs in attending overseas events in furtherance of the Charity's objects. All conflicts of interest have been identified, documented and managed in accordance with the Charity's Governing Document.
No other payments were made to Directors or any persons connected with them during this financial period. No other material transaction took place between the organisation and a Director or any person connected with them.
18. RISK ASSESSMENT
The Directors actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out will on an annual basis provide sufficient resources in the event of adverse conditions. The Directors have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.
19. RESERVES POLICY
The Directors have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The Directors aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The directors will endeavour not to set aside funds unnecessarily.
20. PUBLIC BENEFIT
The Charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.
20
INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS
Report to the trustees/ members of Salt and Light Ministries on the accounts for the year ended 31st August 2025 set out on pages 7 to 20.
Respective responsibilities of trustees and examiner
The Charity's trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the financial statements. The trustees are satisfied that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the governing document or constitution of the Charity for the conducting of an audit. As a consequence, the trustees have elected that the financial statements be subject to independent examination.
Having satisfied myself that the charity is not subject to audit, and is eligible for independent examination, it is my responsibility to:a) examine the accounts under section 145 of the Act; b) to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the Act; and;
c) to state whether particular matters have come to my attention.
Basis of independent examiner's statement
I conducted my examination in accordance with the General Directions given by the Charity Commissioners for England & Wales in relation to the conducting of an independent examination, referred to above. An independent examination includes a review of the accounting records kept by the Charity and of the accounting systems employed by the Charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as trustees concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of the Charities legislation and that the financial statements comply with the SORP, on a test basis, of evidence relevant to the amounts and disclosures in the financial statements.
The procedures undertaken do not provide all the evidence that would be required in an audit, and information supplied by the trustees in the course of the examination is not subjected to audit tests or enquiries, and consequently I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below.
I planned and performed my examination so as to satisfy myself that the objectives of the independent examination are achieved and before finalising the report I obtain written assurances from the trustees of all material matters.
Independent examiner's statement
In the course of my examination, no matter has come to my attention:
- which gives me reasonable cause to believe that in, any material respect, the trustees 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
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
K. Collaku MAAT Castle View Accounting Ltd Ground Floor Offices 53 High Street Arundel West Sussex BN18 9AJ
Date: 25th May 2026
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