COMMUNITY LIFE TRUST known as BEACON CHURCH FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH 2025 Company number.. 4518128 Registered Charity number.. 1095763
COMMUNITY LIFE TRUST known as BEACON CHURCH UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH 2025 Contents Page Company Information Trustees, Report Independent Examinerfs Report Statement of Financial Activities Balance Sheet Cash Flow Notes to the Financial Statements 10-19
COMMUNITY LIFE TRUST known as BEACON CHURCH COMPANY INFORMATION Company number 4518128 Registsred charlty number 1095763 Registered office and Principal address Community Life Trust 95 Guildford Street Chertsey Surrey KT16 9AS Secretary Keith Holder Trustees Keith Holder Nathan Wardill Felix Mashedi Adriaan van den Broek David Wayland Kay management personnel Trustees and Jennifer Wardill Constltution Community Life Trust is a company limited by guarantee without share capital, and is governed by its Memorandum and Articles of Association. Each member is liable to contribute up to a maximum of £10 to the company's debts in the event of winding up. The company is administered by its trustees who are also directors for the purposes of company law. Banker8 CafBank Ltd PO Box 289 West Malling Kent ME19 4TA Stewardship Services 1 Lamb's Passage London EC1Y 8AB Solicitors Stewardship Services 1 Lamb's Passage London EC1Y 8AB Barlow Robbins The Oriel Sydenham Road Guildford Surrey GU13SR Independent Examiner Miriam Hickson JCS Accountants Ltd 5 Robin Hood Lane Sutton Surrey SM12SW Page 1
COMMUNITY LIFE TRUST known as BEACON CHURCH REPORT OF THE TRUSTEES The Trustees have pleasure in submitting their Annual Report and the financial statements for the year to 31 st March 2025, which have been prepared in accordance with the Statement of Recommended practi 'Accounting and Reporting by Charities" (FRS 102), the Companies Act 2006 and Financial Reporting Standard 102. The annual report serves the purposes of both a Trustees, Report and a Directors, Report under company law. Objectives and activities The objects of the charity are as follows: the advancement of the Christian Faith in accordance with the Church's Statement of Beliets; the relief of persons who are in conditions of need, hardship or distress. the advancement of education of the public. In planning the activities for the year, the Trustees have given consideration to the Charity Commission's guidance on public benefit. In order to advance the Christian Faith in the local community, regular meetings are held where Church members and other interested persons can worship, pray, receive teaching on. and participate in discussions of, aspects of the faith. Grants are also made to organisations, both in the UK and overseas, which seek to advance the Christian Faith. The relief of persons who are in conditions of need, hardship or distress is achieved by making grants and offering support to individuals who meet the criteria, in particular through operating a Foodbank in the local area. Grants are also made to organisations, operating in both the UK and overseas, which have the same objective. The advancement of education of the public concentrates on the provision of education in relation to personal financial management, personal wellbeing and language tuition. The Trustees plan to continue with these same activities for the foreseeable future. Grants pollcy Grants are made to Christian organisations and workers who are involved in advancing the Christian faith. Grants are made to a number of Christian organi8ation8, both in the UK and oversea3, whose areas of work the Church particularly wants to support. Grants are made to a number of Christian workers, mostly Church rnembers working overseas. to support them in their ministry. Referenco and administratlve details The legal and administrative details required by law set out on page 1 form part of this report. Achlevements and performance Beacon Church holds regular meetings for worship, prayer and teaching. Many Church members are also regular attenders at midweek connect group meetings. Midweek meetings are held regularly to meet particular needs. These include groups for children, young people and for parents and toddlers. Page 2
COMMUNITY LIFE TRUST known as BEACON CHURCH REPORT OF THE TRUSTEES CONTINUED As part of the Church's commitment to those who are in need, hardship or distress, as well as to provide education in personal financial management and wellbeing, the Church continues to support a Foodbank programme which has expanded during the year. As well as operating regularly from five distribution centres, the Foodbank provides food for lunches during the school holidays for children in receipt of free school meals. During the year a practical course to help people eat well whilst spending less on food was continued. The Church also supports a CAB Adviser to be present at Foodbank sessions to provide practical advice on accessing benefits and other services. The Church also operates a ministry called Just a Helping Hand which provides support to homeless individuals in the local area. Durig the year a support group for Ukrainian refugees has continued to operate, along with language tuition and access to advice. The Church's property in Chertsey, known as The Beacon, continues to be much used. The coffee shop located on the ground floor of the building is also used for Sunday ser+iices. Weekday activities of the church take place on the first floor of the building part of which is also occasionally hired out. Two limited companies have been created each having 1000k of the shares owned by Community Life Trust. The companies are Community Life Properties Limited (CLPL) which purchased, developed and maintains the property and Beacon Hospitality SeNices Limited (BHSL) which operates the coffee shop. The coffee shop continues to run successfully with increased custom and impact on the community. Financial Revlew The Church is financially dependent on the voluntary support of its members and the wider community. Total voluntary income receipts for the year amounted to £414,804, to which were added £121,730 in grants, £44,075 income tax refund, £12,012 from interest and other income, and £200,398 from gifts in kind. Expenditure amounted to £682,401 resulting in a surplus of £110.618. During the year the Church made a further long term loan of £3,000 to BHSL. The total of outstanding long term loans in both CLPL and BHSL is £211,180. The reserves at the end of the year were £1,938,340 of which £473,301 were restricted funds and £1,465,039 were unrestricted funds, Of these funds £455,855 is invested in fixed assets and £837,880 is invested in CLPL and BHSL. The remaining unrastricted reserves are £171,304. The reserves policy for unrestricted funds is to retain sufficient reserves,. To ensure that the Church has sufficient funds to meet its financial commitments. To demonstrate that the Church is sustainable into the future. To ensure that the Church is able to manage future unforeseen financial difficulties. To ensure that excessive funds are not held without any identifiable reason or purpose. Restricted funds may be held to be used for the restricted purpose for which they were given. The trustees have reviewed the level of reserves and consider that they are in line with the reserves policy and are adequate to provide for the ongoing work of the Church. In the light of this review, the trustees are of the view that the Church is a going concern. In addition to financial contributions, the Church is also reliant on the voluntary donation of time by members to enable the various activities of the Church to take place. For the successful running of the Foodbank a large number of volunteers come from other churches and the community. Page 3
COMMUNITY LIFE TRUST known as BEACON CHURCH REPORT OF THE TRUSTEES CONTINUED Structure and management The following individuals have served as trustees during the year: Keith Holder Nathan Wardill Felix Mashedi Adriaan van den Broek David Wayland Trustees are appointed by the members of the company and are chosen from among the spiritual leadership of the Church. As such they are already aware of the objectives and activities of the Church, All trustees seek to keep abreast of relevant legislation and good practice. To this end they receive relevant advice from the Church's independent examiners and from Stewardship Services. The trustees who are also the members of the company make all policy decisions. Day to day decisions are made by Church stsff but only within the boundaries defined in their individual Role Descriptions. The pay and remuneration of key management personnel is decided by the trustees (excluding any employed trustee) taking into account general national pay settlements and the financial resources available. Risk management The Church has operated a "Safe From Harm. child protection and vulnerable adults policy for a number of years.This policy was reviewed and updated during the year to keep it in line with latest legislation and good practice. A formal risk management process is in place and systems have been established to manage the risks identified. Post balance sheet developments Following initial renovation work by Church members, plans were drawn up and submitted to the local authority. Planning Permission and Listed Building Consent have now been received. Applications are being submitted to grant-giving organisations seeking finance to support the project. As the property has remained unoccupied for a number of years, a significant amount of renovation will be required. Page 4
COMMUNITY LIFE TRUST known as BEACON CHURCH REPORT OF THE TRUSTEES CONTINUED Trustees, responsibilities The trustees (who are also the directors of Community Life Trust for the purposes of company law) are responsible for preparing the Trustees, Report (incorporating the directors, report) and the financial statements in accordance with the applicable law and United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102.. The Financial Reporting Standanl Applicable in the UK and Republic of Ire18nd (United Kingdom Generally Accepted Accounting Practice) . Company law requires the trustees to prepare financial statements for each financial period which give a true and fair view of the state of affairs of the charitable company and of the income and expenditure of the charitable company for that period. In preparing those financial statements, the trustees are required to: select suitable accounting policies and apply them consistently; observe the methods and principles in the Charities SORP; make judgements and accounting estimates that are reasonable and prudent. state whether applicable UK Accounting Standards have been followed, subject to any material departure 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 will continue in existence. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company 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 company and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities. Small company This report has been prepared in accordance with the provisions applicable to companies Subject to the small companies regime within Part 15 of the Companies Act 2006 ON BEHALF OF THE TRUSTEES Nathan Wardlll Date Page 5
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF COMMUNITY LIFE TRUST the COMPANY known as BEACON CHURCH I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025. Responslbllltles and basis of rnport As the Gharity's trustees (and also its directors for the purposes of company law) you are responslble for the preparation of the accounts 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 eligibl8 for independent examination, I report in respect of my examination of your charity'8 accounts a8 carried out under 8ection 145 of the Charites Act 2011 ('the 2011 Act,). In carying out my examination I have followed the directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent 8xamlnerf8 Statsm8nt Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confimi that no matters have come to my attention in connection with the examination giving me cause to believe: acGounting records were not kept in respect of the Company a8 required by 8ection 386 of the 2006 Act., or the accounts do not accord with those records; or the accounts do not comply with the accounting requirements of section 396 of the 2008 Act other than any requirement that the accounts give a 'true and fair view, which 18 not a matter considered as part of an independent examination., or the accounts have not been prepared in accordance with the methods and principles of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance wrth the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) I have no concerns and have corne across no other matters in connection with the examinatlon to whlch attention should be drawn in this report in order to enable a proper understanding of the account8 to be reached. Miriam Hickson CTA FCA JCS Accountants Ltd 5 Robin Hood Lana Sutton Surrey SM12SW Date: 23 Zozs Page 6
COMMUNITY LIFE TRUST known as BEACON CHURCH STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31ST MARCH 2025 2025 2024 Unrestricted Restricted funds funds Income and Expenditure Unrestricted Restricted funds funds Total funds Total funds Not Income from Donations: Offering8 and gifts 160,354 254,450 414,804 125,979 566,075 692,054 Income tax refunds 28,105 15,970 44,075 22,282 3,697 25,979 Grants: Government Other 10,880 40,612 70,238 51,492 70,238 40,520 57,867 40,520 57,867 Gifts in kind.. Donated food 200,398 200,398 216,644 216,644 Interest receivable 3,614 795 4,409 4,009 785 4,794 Charitable activities 7,603 7,603 9,009 9,009 Total Incoma 210,556 582,463 793,019 161,279 885,588 1,046,867 Expendlture on Charitable activities 208,585 473,816 682,401 225,152 475,824 700,976 Total expenditure 208,585 473,816 682,401 225,152 475,824 700,976 Net Incom81{expendlture) for the year 1,971 108,647 110,618 (63.873) 409,764 345,891 Transfers between funds 52,290 {52,290) 400,000 (400,000) Net movement in funds for the year 54,261 56,357 110,618 336,127 9,764 345,891 Reconciliation of funds Total funds brought forward 1,410,778 416,944 1,827,722 1,074,651 407,180 1,481,831 Total funds carrled forward 1.465,039 473,301 1,938,340 1,410,778 416,944 1,827,722 The company has no income or expenditure other than those shown above. Page 7
COMMUNITY LIFE TRUST known as BEACON CHURCH BALANCE SHEET AT 31ST MARCH 2025 Company number: 4518128 2025 2024 Note Fixed Assets Tangible Fixed Assets Investment in Subsidiary Companies 455,855 837 880 1,293,735 464,320 834,880 1,299,200 10 Current Assets Donated Foodbank stock Loans to Subsidiary Companies Debtors Cash at bank and in hand 33,820 37,041 12 43,930 570,236 647,986 25,979 474 842 537,862 Credltors Amounts falling due within one year 13 3,381 9,340 Net current assets 644,605 528,522 Total assets le88 current liablllties 1,938,340 1,827,722 Total Assets 14 1,938,340 1,827,722 Fund8 Restricted funds Unrestricted funds 15 473,301 1,465,039 416,944 1,410,778 1938,340 1827 722 The trustees consider that the company wa8 entitled to the exemption under s477 and no notice has been deposited under s476 in relation to its accounts for the financial year. The trustees acknowledge their responsibilities for.. ensuring that the company keeps accounting records complying with s386; and preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year, and of its profit or loss for the financial year in accordance with s394 and s395, and which other¥vise comply with the requirements of the Companies Act 2006. These financial statements have been prepared in accordance with the provisions available to small companies subject to the small companies regime within Part 15 of the Companies Act 2006. The accounts were approved by the trustees on 11 th December 2025 and signed on their behalf by Nathan Wardill Page 8
COMMUNITY LIFE TRUST known as BEACON CHURCH STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31ST MARCH 2025 2025 2024 Note Cash provided by operating activlties (see below) 99,323 394,042 Cash flows from investing activities Purchase of tangible fixed assets (929) {457,898) Loan repayments from subsidiary companies 12,590 Loans to Subsidiary companies (3,000) (30,000) Cash provided by Investlng actlvltles (3,929 475,308 Cash flows from financlng actlvltles Repayments of borrowing Increase in cash and cash equivalents in the year 95,394 {81,266 Cash and cash equivalents at the beginning of the year 474,842 556,108 Total cash and cash equivalents at the end of the year 570,236 474,842 Reconclliation to cash flow 2025 2024 Net movement in funds Add back depreciation charge Increase in stock Decrease in debtors (Decrease)Ilncrease in creditors Provision against intercompany investment Net cash provided by operating activities 110,618 345,891 9,394 3,107 3,221 706 (17,951) (1,520) (5,959) 7,440 38,418 394,042 99,323 Page 9
COMMUNITY LIFE TRUST known as BEACON CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 ACCOUNTING POLICIES The principal accounts'ng policies adopted in the preparation of the financial ststements are as follows: Accountlng conventlon The financial statements have been prepared under tha Companies Act 2006 and in accordance with the Charities Statement of Recommended Practice (Charities SORP (FRS 102)), Financial Reporting Standard 102 (FRS 102) and the Charities Act 2011. The financial statements are drawn up on the historical cost basis of accounting, as modified by the revaluation of investments. The financial statements have been prepared In sterling with figures rounded to the nearest pound. There are no material uncertainties affecting the charity's ability to continue its operations and therefore the going concern basis of accounting has been used In the preparation of the financial statements. Community Life Trust meets the definition of a public benefit entity under FRS 102. It is a company limited by guarantee incorporated in England and Wales with its registered office at 95 Guildford Street, Chertsey, Surrey, KT16 9AS. The financial statements present information about the charity as an individual undertaking and not as a group as it qualifies as a small group. Income All Income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be reliably measured. When donors specify that donation8 and similar income are for particular restricted purposes, this income is included in income of restricted funds. Donated goods, facllltles and 8ervlce8 Donated food is recognised as income when it is received. Donated facilities are recognised as they are Used. The time donated by general volunteers is not recognised in the financial statements but their significant contribution is discussed in th6 trustees report. Exp•ndituro Expenditure is classified under the following activity headings.. Expenditure on charitable activit188 includes the cost of those activities undertaken to further the purposes of the charity and their associated support costs. other expenditure represents those items not falling under any other heading. Support costs Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include office costs and governanGe costs which support the charity's activities. Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. The basis on which support costs have been allocated are set out in Note 4. Page 10
COMMUNITY LIFE TRUST known as BEACON CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 continued Tangible fix6d a8set8 Tangible fixed assets are depreciated at the following annual rates.. Equipment- 25 % {reducing balance basis) Vehicles- 25°/0 (reducing balance basis) Investments Investments in subsidiary compani88 are included at directors, valuation at the balance sheet date. Fund aGcountlng Funds held by the charity are unrestricted general funds which can be used in accordanc& with the charitable objects at the discretion of the trustees or restricted funds which can only be used for particular purposes. Cash and cash equlvalents Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of opening of the deposit. Credltor8 and provlslon8 Creditors and provisions are recognised where the charity has a present obligation arising from a past event that will probably result in the transfer of funds to a third paty and the amount due to settle the obligation can be measured or estimated reliably. Credltors and provisions are recognised at their settlement amount. Flnanclal Instruments The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. These are initially recognised at transaction value and subsequently measured at their Settlement value. TAXATION The charitable company is exempt from corporation tax on its charitablé activities. Page11
COMMUNITY LIFE TRUST known as BEACON CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 continued INCOME FROM CHARITABLE ACTIVITIES 2025 2024 Something Differentiyp Little Lights Other activities Hire of building 598 1,384 5,621 2,002 2,281 4,726 7,603 4{a) CHARITABLE ACTIVITIES Grant Actlvltle8 Fundlng of undartaken A¢tlvltle8 dlrectly Support C08ts Total 2025 Total 2024 General church activities and pastoral care Young people and children's work Outreach Relief of povety Advancement of Christian faith Training and conferences Other church activities (includes Foodbank & JAHH) 62,116 205 1,738 22,228 73 621 84,344 72,930 278 710 2,357 3,995 1,911 3,405 11,770 23,878 5,951 6,712 572,009 580,716 1,911 11,770 4,383 474,924 1,568 97,085 Governance costs {4(b)) 3,781 3,781 8,830 Total 13,681 543,364 125,356 682,401 700,976 Support costs are allocated to each of the charitable activitles (excluding grant funding) in proportion to the amount expended on each of these activities. 4{b) GOVERNANCE COSTS 2025 2024 Unrestricted Independent Examiners Fee Independent Auditorfs Fee Legal and Compliance 2,500 1,200 81 8,582 48 Page 12
COMMUNITY LIFE TRUST known as BEACON CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 continued 5 GRANTS PAYABLE During the year, grants were paid out in furtherance of the charity's objects as follows.. Purp08e: Advancement of the Chr18tian falth 2025 2024 Grants Payable over £1, 000 Newfrontierslcatalyst NeOrk 5,400 5,400 Grants Payable under £1,000 Wycliffe Bible Translators Open Doors Kenya Flood Appeal Uzuko Lwakhe Church Tribal Transformation India Moyo Hospital Regions Beyond Clarens 720 250 500 720 250 750 140 1,000 1,250 6,870 9,510 Grants to Chnstian W0erS- Grants to t individual (2024.. 3) 6,000 13,500 Purpo80: Rellof of per8on8 who aro In condltlon8 of need, hardshlp or dl8tre88 Tearfund 1,513 Grants to individuals ~ l (2024.. 1) (600) 1,174 25 697 Page 13
COMMUNITY LIFE TRUST known as BEACON CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 continued 6 NET INCOME I (EXPENDITURE) 2025 2024 This is stated after charging: Depreciation Independent Examiner's remunerationlauditoffs remuneration 9,394 3,107 8,582 7 STAFF COSTS 2025 2024 Gross salaries Employerfs National Insurance Employerfs Pension 188,016 204,941 5,232 6,131 3,648 5,004 196 896 216078 The average number of full time equivalent employees during the year was: No employee received emoluments over £60,000. Aggregate employee benefits of key management personnel were £78,473 (2024: £80.574) 8 TRUSTEES, EXPENSES AND REMUNERATION The following Trustees were remunerated for their full time roles and not being a majority of the number of Trustees and thus allowed under the Memorandum of Association: 2025 2024 Nathan Wardill Salary Pension 52,800 54,784 The wife of one Trustee VRS employed during the year and remunerated as foll0v. Jennifer Wardill Salary Pension 16,323 490 16,351 490 The daughter of one Trustee wa8 employed during the year and remunerated as follows: Jasmyn Wardill Salary Pension 7,256 191 During the year, no Trustees were reimbursed for travel costs {2024.'none). No Trustees granted interest free loans to the charity during the year. During the year, unrestricted donations of £68,825 were reiVed from Trustees and related parties (2024: £43,519) and restricted donations of £72,365 (2024.. £402,410). Page 14
COMMUNITY LIFE TRUST known as BEACON CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 continued 9 FIXED ASSETS Bulldings Vehicles Equipment Total Cost or valuatlon At 1 st April 2024 Additions Disposals 455,000 12,000 34,229 501,229 929 929 At 31st March 2025 455 000 35,158 502 158 Depreclatlon At 1st April 2024 Disposals Charge for the year 9,152 27,757 36,909 6832 712 1,850 9,394 At 31st March 2025 Net book value 318t March 2025 448 168 455 855 31st March 2024 455 000 6 472 464 320 All assets are held for charitable use. 10 INVESTMENT IN SUBSIDIARY COMPANIES 2026 2024 Share capftal Loan Investment in Community Life Propertie8 Limited Investment in Beacon Hospitality Services Limited 626,600 100 128,180 83,000 754,780 754,780 83,100 80,100 626 700 211 180 837 880 834 880 11 LOANS TO SUBSIDIARY COMPANIES 2026 2024 Loans to Beacon Hospitality Services Limited 12 DEBTORS 2025 2024 Income tsx recoverable Prepayments 43,930 25,979 25,979 Page 15
COMMUNITY LIFE TRUST known as BEACON CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 continued 13 CREDITORS- WITHIN ONE YEAR 2025 2024 Accruals Pension to NEST 2,500 881 8,400 940 3,381 14 NET ASSETS Ca8h at Other net Total bank a888ts 2025 2025 Restricted funds Unrestricted funds 439,483 33,818 473,301 130,753 1,334,286 1,465,039 570 236 1368 104 1938 340 Cash at Other not Total bank assets 2024 2024 Restricted funds Unrestricted fund8 379,903 37,041 416,944 94,939 1,315,839 1,410,778 474 842 1352 880 1827 722 Page 18
COMMUNITY LIFE TRUST known as BEACON CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 continued 15 RESTRICTED FUNDS Just a Helping Hand Glfts for Runnymede deslgnated Foodbank reclpients Total 2025 2025 Building Brought forward Income Income tax refund8 Expenditure Transfers 14,573 9,858 300 (18,900> 401,284 432,371 2,413 (453,505) 1,087 416,944 1,411 566,493 303 15,970 (1,411) (473,816> (52,290) 122,853 12,954 <52,290) Carried foTrvard 382 563 1390 473,301 Just a Holplng Hand G1ft8 for Runnymede deslgnated Foodbank reclplents Total 2024 2024 Bulldlng Brought foDNard Income Income tax refunds Expenditure Transfers 17,504 10,795 468 (14,194) 388,714 467,478 3,016 (457,924) 962 407,180 3,618 881,891 212 3,696 (3,705) (475,823) (400,000) 400,000 (400,000) Carried fomard 14,573 401284 416,944 (a) Glfts for deslgnated r•elplents Restricted funds represent gifts with restrlctlons to particular Christian organisations, Christian workers or other purposes within the objects of the charity. These are usually distributed within the accounting period. The amount outstanding at the year end represents gifts for persons in condition of need, hardship or distress. (b) Just a Helplng Hand This restricted fund was created to hold monies donated in support of Just a Helping Hand which was established to support homeless people in the area. c) Building This restricted fund is used to hold monies donated for use in refurbishment of the newly acquired building. The transfer to general funds indicates usage for this purpose. Page 17
COMMUNITY LIFE TRUST known as BEACON CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 continued (c) Runnymede Foodbank 2025 2024 INCOME Flnanclal Brought Forward from 2023124 Donations- Gift Aided Donations- Non-Gift Aided Grants Interest Tax Refund 364,243 9,072 112,752 109,370 779 2,413 350,966 12,066 139,618 98,387 763 3,016 604,816 598,629 Glft8 In Klnd Brought Forward from 2023124 Donated Food 37,041 200 398 37,748 237,439 254,392 TOTAL INCOME 836,068 859.208 EXPENDITURE Ro8ourc08 Purcha88d Stock Gift Cards Warehouse Costs Van Running Costs Telephone Bank Charges utility Costs at The Beacon Insurance Other Miscellaneous Resources e2,972 6,000 73,726 5,480 241 60 4,000 1,000 2,670 67,212 5,400 73,246 5,531 363 60 4,000 156,149 5,783 181,595 Staffing Salaries & Related Costs Travel Expenses 93,660 77 78,848 132 93,737 78,978 Re80urca8 In Klnd Total Resources in Kind 203,619 217,351 TOTAL EXPENDITURE 453,506 457,924 Carried Fop4vard to 2025128 382,583 401,284 Gifts in Kind are valued as follows- Donated food valued at £2.37 per kg as advised by Trussell Trust. Donated facilities valued at market cost. Page 18
COMMUNITY LIFE TRUST known as BEACON CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 continued 16 SUBSIDIARY UNDERTAKINGS Two subsidiary limited companies have been created by the trust which owns 1000/0 of the shares of both companies. The directors of both companies are the trustees which ensures control of both companies is with the trust. (a) Community Life Propertie8 Llmlted (Company No 08709994 Incorporated in England & Wales) This company was created to purchase, own, develop and maintain such properties as the trust requires for its activities which includes the operation of a coffee shop. 2025 2024 Turnover Expenditure Operating profiU{loss) 17,935 29,902 23,940 Total assets at year end 709,857 450,646 (b) Beacon Hospltallty Servlce8 Llmlted (Company No 08710023 Incorporated In England & Wal08) This company was created to operate the coffee shop which is situated in the property purchased in Chertsey. 2025 2024 Turnover Other operating income Expenditure Operating profiV{loss) 138,781 135,364 142,725 137,766 Totsl liabilities at year end 111,372 106,828 17 RELATED PARTY TRANSACTIONS During the year the charity was paid £1,282 loan interest by Community Life Properties Limited {CLPL) and £800 loan Interest by Beacon Hospltality Services Limited {BHSL). The charity made a further long term loan of £3,000 to BHSL. The charity was owed £128,180 by CLPL 2nd £83,000 by BHSL in long term loans at the year end. 18 OPERATING LEASE COMMITMENTS At the reporting date the charity had outstanding commitments of £131,064 (2024,. £65,532) for future minimum lease and service charge payments for the Foodbank warehouse. 19 POST BALANCE SHEET EVENTS Following receipt of planning permission for the refurbishment of the property purchased in the previous year, applications are being submitted to grant4Jiving organisations to seek finan to support the project. Page 19