Roots for Churches Limited Icharitable Company Limited by Guarantee) Registered Company Number: 4346069 Registered Charity Number: 1097466 Report of the Trustees and Financial Statements Year Ended 31 March 2025 ¥AEMC04714* 1311212025 COMPANIES HIJJSE A14
Roots for Churches Llmlted Index to the Financlal Statements Year Ended 31 March 2025 Charity Number. 1097466 Company Number. 43469 IEn8L•nd & Wales) corirENTS P4es Trustees, Report Ilncorporating the Directors. Rewrtl Independent Auditorfs Report Statement of Financial Activities Ilncorporaiing an Income and Expenditure Account) 12 Balance Sheet 13 Cashflow Ststement 14 Accounting PolKies and Notes 15
Roots for Churches Limited Trustees. Report (Incorporating the Directors, Report) Year Ended 31 March 2025 The TTUStees, who are also Directors of the ChJrttable Company for the purposes of the Companies Art 2006, psent their report with the financial statements of the Charity for the year ended 31 March 2025. The Trustees have adopted the provisions of the Ststement of Recommended Practice ISORPI and the Financial Reporting Standard IFRSI 102 effective from 2019. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 4346069 IEngland and Walesj Registered Charity number 1097466 Registered offi Church House 86 Tavistock Place, london WCIH 9R T Trustees Dr Thomas Allain-chapman Revd Dafydd Aled Davies Zoe Keens Jo Hibbard Richard Reddie Dr Peter Hamill Jenny Mills Date of Appointment I" November 2(M16 31" December 21 23" May 2013 25" October 2019 21" March 2023 6 June 2023 5, January 2022 None of the Trustees hold any interest in the Charitable Company. Company Secretary Karnaljit Sin8h 13 January 2017 Managin8 Dirertor Melanie Cave 6 June 2022 Audito Sarah Alexander FCCA FCA Lewis Brownlee IChi(hesterl Limited Chartered Accountants Registered Auditors Appledram Barns Birdham Rd Chichester P020 7EQ Page 2
Roots for Churches Limited Trustees. Report (Incorporating the Directors, Report) Year Ended 31 March 2025 Bankers CCLA Investment Managernent Ltd Senator House 85 Queen Victoria Street London EC4V 4ET CAF Bank Ltd 25 Kings Hill Avenue West Malting Kent ME19 4JQ Nationwide Building S(Kiety Kings Park Road Mouton Park Northampton NN3 6NW (kganisation, structure and govemance Roots for Churches Limited is a Charitable Company limited by guarantee. with the registered charitv number 1097466 and registered company Nmber 434E4)69 and operates under the terrns of the Memorandum and Articles of Association dated 14 December 2(11, and subsequently amended on 20 February 2003. The Charitable Company is governed by a Board comprising the Trustees of the Charitable Company who Meet three to four times a year to Condu all statutory business and make all major tinancial decisions. In addition there is an AGM of the Charitable Company each year. The regular business of the Charttable Company is conducted by a Management Group comprising the Board members and the Managing Director. This meets at ast fcojr times a year and receives reports from the Managing Director and. as required, from the Editors. Day to day responsibility is vested with the Managing Director. Roots for Churches emplLrys seven permanent part-time staff. The Board reviews and sets salary levels each year considering them against those in member churches artd organisations. 7he staff meet on a regular bas15 to consider matters ol content and style of the magazine5 and website. recommendation5 are advisory and are approved by the Management Group befo implementation. This report should be read in C¢Nbjunclion with the infomiatK)n included in the financial statements. Appointment, Induction and tralnlng otTNstee5 The Trustee5 are nominated by each of the members of the Charitable Company. New Trustees are subject to an induction meeting with the Roots Managing Director. An intrrxluction path has been Page 3
Roots for Churches Limited Trustees, Report {Incorporating the Directors, Report) Year Ended 31 March 2025 developed so new Trustees receive a brief htOry, background to the Roots subscriber5. Statistical information obtained from a recent survey and sample material. Piincipal aims and artmtles ROOTS for Churthes Limr(ed wès established for the advancement of the Christian religion and the promotion of Christian education ty the provision of resour for worship and learning. This is achieved through the pr1r1pal artivities of the Charitable Company which a. The publication of ecumenical resour$ based on the Revised Commort Lectionary. providing a wealth of material to support the week by week w0h1p and learning of the whole Church community. It consists of two sets of reSoUrs. Worship Together, and Children & Young People. published bi-rnonthty in print and online at www.rootsontheweb.com. The development and Maintenan of the website, www.rootsontheweb.com to store and make accessible the archive of previ0usty-pulI5hed resour. a5 well as presenting the ongoing new materials. The resources are sold through subscriptions in order to prcwide income to support ongoing operations. Through the above actIvit5 I1 ministers and others who lead worship are supported through the provision of resources= 8ible notes, sermon ideas, ways of pSentIng and sPondIng io the readings, prèyers, and activities for adults, chil(Iren, Yn8 people and when all ages worship together. These resources enable leaders to provide spiritual leadership to therr vari(yus congregations and wider communities and to enable and encourage discipleship and Christian living. Publlc Benèfft Statement The Trustees (lf1m7 that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the Charity Commission's gera1 guidance on public benefit, 'Charities and Public Benefit.. The Roots worship resources $VIt fr¢Nn a wide range of ecumenical endeavours. By working tO8ether across denominations anil up and down church hierarchies the charity produces quality resources used by over 115,000 worship leaders with great cost effertiveness. Reviewofartivities and athie¥ements This year we were encouraged by our reliable subscription base. with inflation and the cost of postage increasing, we hèd to raise our prices to pass on these costs. We continue to see some renewals move from print to digital to save money, but there is still a demand for print. The plans for our new website came to a halt when the website developer went bankrupt. So we went out to tender again and have selected a new SupleT. We expect the new website to come online in autumn 2025. Roots responded to church needs ty". In response to a survey of Ir current subscribers. we have UFdated the selection of songs and hymns we wovide to cover the variety of worship styles in subscribing churches. Pa8e 4
Roots for Churches Llmited Trustees. Report (Incorporating the Directors, Report) Year Ended 31 March 2025 IncreasinB the diversity of our trustees and writers. including Irish and Australian writer5. Produclng flexible resources to be used in churches. schools. youth groups. chaplaincies, prison5, etc. as well as outdoor learning. We continued tocontrol expenses with online meetings fcf team meetings and writers. cOnfen5, as well as finding cost savin85. Finanaal rev¢ew Total revenues from charitabte activities were £472.012 a 8% increase over the £437,036 generated in the pvIouS year. Subs(xiptions revenues were 7% up year on year. With rising interest rates. investment income grew to £12.57L a £3.702 InCaSe on last year. Expenses at £548.37112024- £483.8671 grew by £64.504. Prime costs amounted to £411,06012024 £413,0781, Distribution £37,15112024 - £40.4751, Selling £81.63112024 - £24,977). Govemance £5.5&J12024- £S.337). This ha$ given rise to a deficit of £63,788 for year compared to a £37.962 deficit last year, the InCaSe due to website redevelopment Cts in the year. As a result of this the reserves now stand at £141.60812024- £205,396). Relatlonships with others The Charitable Companypurchases finanaal management services from an iTrdependent consultant. Subscription management and distribution servi5 were undertaken by Hymns Anoent & Modern Ltd. Web development. hostin8 and support 5ervice5 are provided by Imprets Ltd and bookkeepi Neat Accounting. As of I. July 2023 subscription management and distribution moved to Yeomans. Imiestments and propertv The Charitable Company currently holds a cash surplus to cover short term needs on deposit. The Cash surplu5 largely represents lorward subscriptions for issues that have not yet been delivered. Investmeni pollry All surplus funds are held with COIF Charities Deposit Fund and in savings deposit accounts of other bank5 in a manner which provides acceptable returns and minimises exposu. Grants policy It Is not the policy of ROOTS for Churches Limited io make grants to other organisations. Resetves policy The Chèritable Company has identifd level of reseThes t*hich needs to be reached such that they can 5UStain the cash rheeds of the Charitable Company as a going concern. The appropriate level of reserves required have been estimated as ihat suffioent to all production of at leasttwofurther issues of the maga2ine and then allow an ordedy wind iknwn if neeessary, including all tem)inatbon costs plus a contingency. As at 31 Marth 2025 this amounted to circa £I65.C. Any surplus above Page 5
Roots for Churches Limited Trustees. Report (Incorporating the Directors. Report) Year Ended 31 March 2025 this figure is to be invested in the future development of the magailnes and specifically in the website. Rlsk assessment The Trnstees havea dutyto identify and review the risks towhich the Charitable Company is exposed and to ensure appropriate controls are in plèce to wovide aSonable assurance against fraud and error. The risk re8iSter was reviewed by the Board in the year and several actions identified. Updating of the risk register is undertaken at least On a year. Statement of Tws¢ees' responsibilities The Trustees Iwho are also the Directors of Roots for Churches Limited for the purposes of company lawl are responsible for preparingthe Report of the Trustees and financial statements in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom General Attepted Accounting Practice). Company law requires theTrustee5 10 prepare the financial statements for each financial year which give a true and fair view of the stste of affairs of the Charitable Company and of the incoming resources and application of resources. induding the income and expenditure. of the Charitable Company for that period. In preparing those financial statements, the Trustees a reqUId to- select suitable accounting policies and apply them consistently- make judgements and estimates that are reasonable and prudent: observe the methtxls and principles in the charity SORP- prepare finarKial statements on the going concern basis unle55 It is inappropriate to presume that actrvities will contirwe. The Trustees are responsible for keeping proper accounti records which disclose, with reasonable acojracy. the financial position of Roots for Churches Limited and which will enable them to ensure that the financol statements comply with the Standing Orders of the Charitable Company and Companies Att 2006. They are also responsible for taking reasonable steps to safeguard the assets of the Charitable Company and to prevent atvj detect fraud and other irregularities. Going con<em The artivities of the Charity. its objectTrves, factors likely to affect its future development and the policies for managing its capital and financial risk are detailed in the Trustees Report. The Trustees have a reasonable expectation that the Charity has adequate resour to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concem basis of accountin8 in preparing the financial statements. Appointment of Audito Lewis Brownlee (Chichester) Limited have expressed their willingness io m34n in office as auditors of the Charity and their reappointment will be proposed at the Annual General Meeting. Page 6
Roots for Chur¢hos Llmlted Trust••8' Report Oncorporatlng the Dlrector8' R•port Year Ended 31 rch 2025 In the cse of eath ol the pwsons VA •Te Tnte•S at the Ilme IIMS r¢p(rt Is •pwmd. th• folkn¥th84ppIIK: so far as the Tntstees are •war4 there Is relewrt audlt knfomtkn of the Charltable Cornparfsaudit(X5 ar• unaw¥ and they have taken the steps that they ht to ha •$ Tiustees In to make themselves aware of any relaqnt oudlt Infornth and to establlsh that the Charttable C4mpaThVsaudltots are a*we of thatlnfamHtio Ad 21306 relatln8 to smal wnp•nl¢& Bywdvofthe Board Da¢¢
Independent Auditor's Report to the Members of Roots for Churches Limlted Opinion We have audited the financial statements of Roots for Chtsrches Limited (the 'charitable company'l for the year ended 31st March 2025 which comprise the Statement of Financial Activtties, the Balance Sheet, the Cash Flow Statement and note5 to the financial statements, includin8 a summary of significant accounting policies. The financial reporting framewoth that has been appl*d in their preparation is applicable law and United Kingdom Accountiri8 Standards {United Kingdom Generally Accepted Accounting Praaicel. In our opinion the finanual statements.. give a true and fair view of the state of the charitable companws affairs as at 31st March 2025 and of its incoming resourths and application of resources, including its income and expenditure. for the year then ended- have been property prepared tn accordarbcewith United Kingdom GeneraltyAtcepied Accounting Practice.. and have been prepared in accordance with the requirements of the Companies Act 2(KJ6. 8asb foropinion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applitable law. Our resp(sibIlitieS under those standards are further described in the Auditors responsibilities for the audit of the financial statements 5ertion of our re[rt. We are independenl of the charitablecompany in accordance with the ethical requirements that are relevant to our audit ofthefinancial statements in the UK. including the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidencewe have obtained is sufficient and appropriate to provide a basis for our opinM)n. Concluslons relatin8 to going cortem In auditing the financial statements. we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed. we have not identified any material uncert3irbties relating to events or conditions that, individualty or collectively, may cast significant doubt on the charitable company's ability to continue as a 8oin8 concern for a period of at least twelve morhths frorn when the financial statements are authori5ed for issue. Our respjnsibilitiesand the ponSiNI1t1eS of the trustees with respect to going contsm arede5cribed in the relevant sections of this report. Other inlormatlon The trustees are SponSible for the other information. The other infomiation comprises the infomiation included in the annual rewrt, other than the financial statements and our Report of the Independent Auditors thereon. r opinion on the finarKial slatements does not cover ihe other informatM)n and. except lo the exient otherwise explicitly stated in our report, we do not express any fomi of assurance conclusion thereon. Palle 8
Independent Auditorfs Report to the Members of Roots for Churches Limlted In connectiorh with our audit of the financial ststements. our Tespcm5ibilty is to read the other information and, in doing so, tonsider whether the otr inlormation is materialty inconsistent with the financial statements or our knowledge obtained in the audit or othepwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to deiermine Whether¢he is a material misstatement in the financk41 statements or a material misstatement of the other Information. If. based on the work we have performed. we conclude that the is a material misstatement of this other information. we are required to rewt that fact. We have nothing to report in this regard. Oplnions other mattets prexrlbed by the Companles Act 2(X)6 In our opinron, b35ed on the work undertaken in the course of the audit= the information given in the Report of the Trustees for the financial year for whth the financial statements are prepared rs consistent with the finanoal statements. and the ReF)ort of the Trustees has been prepared in accordance with applicable legal requirements. Matters on wh5ch we are required to repwt by exception In the light of the knowled8e and understanding of the charrtable company and its environment obtained in the course of the audiL we have not identified material misstatements in the Report of the Trustees. We have nothin8 to report in respect d the following matter5 Whe ihe Companies Act 21X)6 requires us to report to you if, in our opinion.. adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or the financial statements are not in agreement with the atcounting records and returns- or certain disclosures of trustees, remuneration specified by law are not made; or we have not received all the information and explanations we require for our audit.. or the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Rert or in preparin8 the Report of the Trustees. Re5ponsibililies of trustees As explained more fully in the Statement of Trustees Responsibilit5.the trnstees Iwho are ako the directors of the charitable company for the purposes of company lawl are spOnSible for the preparation of the flnancial ststements and for bein8 satisfied that they give a true and fair view. and for such internal control as the trustees determine is necessary to enable the preparation of finanoal statements that are free from material misstatement. whether due to fraud or error. In preparing the finanaal statement5, the trustees are responsible for assessing the charriable companvs ability to continue as a going concern, disclosi as applicable, rnatters related to going concern and usin8 the going concem basi5 of accounti unle55 Ihe trustee5 either intend to liquidate the charitable company or to cease operations, or have no realistic alternatrve but to do so. Pè8e 9
Independent Auditor's Report to the Members of Roots for Churches Llmlted Our responsibilities forthe audit of the financial statements Our objectives are to obtain reasonable assuran about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurarKe, but ts not a guarantee thai an audit condurted in accordance with ISA5 IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are conskjered material if, individually or in the aggregate, they eId feasonably be experted to influence the economic decisions of users taken on the basis of these financial statement5. Irregularities, including fraud. are instances of non-compliance with laws and regulations. We design prOdureS in line with our responSilitIes. outlined above, to detert material misstatements in respect of irregularitie5, including fraud. The extent to which our proureS are Capab of detectin8 irregularities, including fraud is detailed below.. • Enquiry of rnanagement, those charged with governan the entity's solicitors around attual and potential litigation and claims. • Auditing the risk of mana8ement override of controls Includi through testing journal entries and other adjvstmenis for appropri8tene5s. and evaluating the business rationale of SnIfICant tran5attions outside the normal course of business. • Enquiry of management and staff to identify any instantes of non-compliance with laws and regulations. • Reviewing minutes of meetings of those charged with governance. Reviewing finanoal statement distlosures and testin8 to supporting documentation to assess compliance with applicable laws and regulati5. As part of an audit in accordan with ISAS IUKI, we exercise professional judgment and maintain professional scepticism throughout the audit. We also= Identify and assess the risks of material misstatement of the financial statements. whether due to fraud or error, design and perform audr( prdre$ responsive to those risks. and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulti from fraud is higher than for one resulting from error. as fraud may invotve collusion. forgery, intentional omisons. misrepresentations. or the override of internal contrd. Obtain an understanding of internal control relevant to the audit in order to design audit procedLFres that a appropriate in the circumstances. It not for the purpose of expressing an opinion on the effectiveness of the internal control. • Evaluate the appropriateness of accounting policies used a1 the rea$¢ab1eness of aCCnting estimates and related disclosures made by the trustees. • Conclude on the appropriateness of the trustee'5 use of the going concern basis of accounting and, based on the avdtt evidence obtained, whether a material Uncertainty exists related to events or conditions that may cast significant doubt on the charitable company's atj.lity to continue ès a going concern. If we conclude that a material uncertainty exists, we are required to draw èttenlion in our auditorfs report to the related disclosures in the financial statements or. if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obiairied up tothe date of our auditorfs report. However. future events or condriions may cause the charitable company lo cease to continue as a going concern. Evaluate the overall presentation. structure and content of the financial statements. indudinB the disclosures, and whether the financial siatements represent the underlying transalOn$ and events in a manner that achieves fair presentation. We communicate with those char8ed with govemance regardin& am0 other matters, the planned scope and timing of the audit and significant audit findings. including any significant deficiencies in internal control that we identify during our audit. P38e 10
Independent Auditorfs Report to the Members of Roots for Churches Limlted Use of our report This report is made solely to the tharitable company s trustees. as a t. in accordan with Chapter 3 of Part 16 of the Companies Art 2¢y)6. Our audit work has been undertaken $0 that we might state to the charitable company's trustees those matters we are required to state to in an auditorfs report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume SpOnsibl11tY to anyone other than the tharitable company and the tharitsble company's trustees as a body. for our audit work, for this report, or for the opinions we have formed. Sarah Alexander FCCA FCA (Senior Statutory Auditor) For and on behaw of Lewis Brownlee (Chichester) rn[ted Statutory Auditors Appledram Barns Birdham Road Chichester West Sussex P020 7EQ Date: Page 11
Roots for Churches Limited Statement of Financial Activities Ilncludlng Incorne and Expenditure Account) For the Year Ended 31 March 2025 Notes 2025 2024 INCOME Charitable Activities Investment Income 472.012 12,571 437,036 8,869 Total 484,583 445.905 RESOURCES EXPENDEO Char¢table activities Other 548,371 483,867 Total 548.371 483,867 Nel incomellexpenditure} 163,7881 {37,962J Reconclllatlon of Funds Total Funds brought forward 205,396 243,358 Totsl Funds carrled forward 141,608 205.396 Continuing Operations All incomin8 resoUrS and resources expended arise from continuing aciivities. All movements are in unrestricted fund5 The notes on pages 15 to 20 forni part of these financial statements Pa8e 12
Roots for Church88 Umlted For tho Year Ended 31 March 2025 2025 2024 Tan8 assets io CURREiifAS%fS Debto Cash at bank and sIrtter li I20 48J33 348.U8 357,221 38LWé CAEDffoR& arnounts faring one year (2(ll758 205J96 141608 205396 RESERVES UnrestJKted Funds the Companles Art 2006 relatlrf to small charf13ble eompanies. Th•sellnandal ststements wwe approwd bytheTrustwand wtho1 for Issue on 12 Novemb 2025 and sned on thelr behalf by: 2) IJ. DA._ R¢¥d L)4fydd Aled Da¥les-Twstee DrThcmx Allan awpm•n -Trustee
Roots for Churches Limited Cash Flow Statement For the Year Ended 31 March 2025 2025 2024 Note5 Plet Iorne/(eXpendI1uTrj Adjustments for: Interest ceIptS Iincreasel/Decrease in debtors Increase IIDecreasel in creditors 163,7881 137,962) 112.5711 15.943 38.742 [8,8691 f26,966J 115,133) Cash flows from opernting actfvities 121,674) (88,930J Cosh flow5 from Investi artivilies Dividends. interest and rents frorn investments 12.571 8.869 Change In cath and cash equivalents in the year 19,103) 180.0619 Cash and cash equivalents at the beginning of the year 357,221 437,282 Total cash and cash quivalents at the end of the year 348.118 357.221 Page 14
Roots for Churches Limited Notes on the Financial Statements Year ended 31 March 2025 ACCOUNTING POLICIES Ac<ountir* cort¥ention The financial statements have been prepared in accordance with Accounting and Rep)rtill8 by Charities-. Statement of Recommended Practice applicable to charities preparing their actounts in accordance with the Financial Rewrting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191- (Charities SORP IFRS 10211. the Financial Reportiftgstandard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 20C6. The financial statements have been prepared under historical cost nventIOn with the exception of investments which are included at market value. ROOTS for Churthes Ltd meets the definition of a public benefit entity under FRS 102. The finanoal statements are prepared in sterfl whbth is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest pound. Golng Concern After making enquires. the Trustees have a reasonaile expectation that the Charity has adequate resource5 to continue its activities lorthe foreseeable fttture. Accordingly. they continue to adopt the going eontern basis in preparing the financial statements as outlined in the Statement of Trustee's Responsibdities on page 6. Incoming resources Incoming reSoUrS represents subscriptions income which is initially re(nised on a receivable basis with that relating to future bssues deferred. Deferred income is calculated using a straight line method whereby the income is recognised in equal amounts over the term of the Subscription. Investment incoffle is recognised on a receivab basis. Res¢urces expended Charitable a1VitieS expenditu represents the net cost of sales whh is analysed further into the subheadings of prime costs. distribution costs and selling expenses in accordance with the purpose tn which tlEy are expended. Govemance costs Governance costs relate to the general wnning of the charity and include items such as internal and external audit and costs associated with trustee meetin8$ and preparing statutory accounts. Tan8ible Ilxed •ssets and dweciatlon Tangible fixetl asseis over £l,(XM) are capitalised at cost and are stated at cost less depreciation. Depreciation is provKled at rdtes calculated to write off the cost less estimated residual value of each asset over eXFed usefvl lrfe, as follows: Computer Equipment 3 year5 on cost Taxatlon The charity Is exempt from COrpatIOn tax on its charitable activities. Page 15
Roots for Churches Llmited Notes on the Flnancial Staternents Year ended 31 March 2025 Funds Unrestricted funds are general funds which are available for use al the discretion of the Trustees in furtherènee of the general objective5 of the Charity and whbth have not l)een desi8n3ted for other purposes. Restricted funds Can only be used for particular restrttted purposes within the objectives of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Penslon costs and other post-retkemert beneffts The Charitable Company operates a defined contributh)n penston scheme. Contrilwtions payable to the Charitable Company's pension scheme are charged tothe Statement of financial Activities in the period to which they late. Financial inwuments The Charity only has financial assets and finanaal liabilitS of a kind that qualfy as basicfinancial instruments. Basic financial instruments are initial recognised at transaction value and subsequently measured at theiw settlemenl value with the exCeptn of bank loans which are" subsequently measured at amortised cost using the effective interest meth. CHARITABLE ACTNMES 2025 2024 Subscripti¢y)s and magazine sales Royalty income Other income 467,557 561 3.894 4n.012 435,519 1,517 437,036 INVEsfMENT INCOME 2025 2024 Deposit account interest 11571 8.869 PaEe 16
Roots for Churches Limited Notes on the Financial Ststements Year ended 31 March 2025 CHARITAB AcnvmES COSTS Dlrert costs Support rosts Totsls 2024 Prime cosls Distribution cost5 Selling expenses Governance 411.060 37.151 81,631 s,s(*i 13,029 424.089 37.151 81.631 413,078 40,475 24,977 5,337 535.342 13,029 548,371 483.867 SUPPORT COSTS 2025 2024 Finance Insuran Other 8.326 3.824 879 4,502 3,370 2,299 Total 13,029 10,171 GOVERNANCE COSTS 2025 2024 Auditors, remuneration 5,214 Travel and other costs 123 5.337 NET INCOMINGIIOUTGOING) RESOVRCES Net resources are stated after chargin[creditIngl.. 2025 2024 Auditors, remuneration 5.214 TRUSTEES REMUNERATION AND BENEFITS There We no trustees, remuneration or other benefits forthe year ended 31 March 2025 nor for the year ended 31 March 2024. rrnStee expenses There were trustees, expenses totall1 £84 during the year12024- £8501. Pa8e 17
Roots for Churches Limited Notes on the Financial Ststements Year ended 31 March 202S STAFF COSTS 2025 2024 Wage5 and salaries Social security costs Pensions 207,510 14.947 21,521 203.610 14,229 21,803 243,978 239.642 The average weekly number of employees duri the year were as follows- 2025 No. 2024 Editorial and production AdmintratIon No employee earned more than £60.(KKJ in the year. Page 18
Roots for Churches Limited Notes on the Flnancial Ststements Year ended 31 March 2026 10. TANGIBiE FIXED ASSETS Computer Equipment At l April 2024 1,542 31 March 202S 1,542 Accumvlated depreciaiityi At l April 2024 1,542 31 Marth 2025 1,542 Net book values 31 Marth 2025 31 March 2024 IL DE8TORS 2025 2024 Trade debtors Other debtor5 Prepabj costs and accrued income 17.055 15.935 22.653 26.280 32.990 48.933 12. CRÉDITORS amounts lallin8 dye within one year 2025 2024 Trade (dItorS Taxation and social security payments Other creditors Accruals and deferred income 17.013 5,766 1,173 215,548 15,957 6.663 177,834 239,500 2(W, 758 Page 19
Roots for Churches Limited Notes on the Financial Stalements Year ended 31 March 2025 13. MOVEMENf IN FUNDS At At 0110412024 movement In 3110312025 fvnds Unrestrlrted lynds General fund 205.396 163,7881 141,608 205,396 163.7881 141.608 Net movement in funds, included in the above are as follows- ming Resources Net resource5 expended movement in furnls Unrestrirted fvnds General fund 484.$83 1548.3711 163.788) 484.$83 1548,3711 163,788} Comparatives mo¥ement in funds At OV0412023 Net movement in funds At 3V0312024 UnreArirted funds General fund 243.358 137,9621 205.3% 243.358 137.9621 205.396 Comparative net movement in fund5. included in the above are as follthvs- IrKoming resources Resou5 expended Net movemeni In tunds Unrestrirted fvnds General fund 445.5 1483,8671 {37.%21 445.905 1483.867) 137,962) Page 20
Roots for Churches Limited Notes on the Financial Statements Year ended 31 March 2025 14. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31° March 2025 northe year ended 31° March 2024. Pa8e 21