Churches Together in Earley and East Reading Schools Project (A Company timited by Guarantee and not having a Share Capital) Financial statements for the period ended 31 August 2024 Company Registration Nwnber: 5254133 (England and Wales) Charity Registration Number 11(Y9291
Churches Together in Earley and East Reading Schools Project Contents Pages Administrative detai]s Directors, and Trnstees, Strategic Report 3to5 Directors, and Trustees. Annual Report 6t08 Independent Examinerfs report Statement of Financial Activities including Income and Expenditure Account io Balance shttt li Notes to the Financial Statements 12to15
Churches Together in Earley and East Reading Schools Project Administrative details Registered Office St. Nicolas Church Office 33 SutcIiffe Avenue Earley Reading RG6 7JN Date of Incorporation Company Registration Number Charity Registration Number 8 October 2004 5254233 1109291 Directors Reverend Jonathan Salmon (Resigned 25 March 2025) Mr Christopher Greaves Reverend April Beckerleg (Resigned 31 July 2024) Reverend Richard Bainbridge (Chair) Maame Serwah Mensah (Appointed 16 May 2024) Russell Howes (Appointed 16 January 2025) Company Secretary Emma West 10 Maiden Erlegh Drive Earley, Reading RG6 7HP Independent Reporting Accountant Mrs Claire Connell 86 Silverdale Road EarIey Reading RG6 7LT Bankers The cOperative Bank PO Box 250 Delf House Southway SkelmersdaIe WN8 6WT
Churches Together in Earley and East Reading Schools Project Directors, and Trustees, Strategic Report for the year ended 31st August 2024 Principal activities: The COmpanS objects are stated in its Memorandum of Association as: "To advance religion, in particular the Christian religion, and advance education by enabling local churches to support Iocal school communities in the religious education and spiritual development of their pupils, especially in the areas of Earley and East Readyng." These objecys also form the charity's purpose. These activities were previously carried out by Churches Together in Earley and East Reading Schools Project (CFEER Schools Project), linked to, but separateIy accounted for, Churches Together in Earley and East Reading (CTEER). All activities and the funds in hand were transferred to the company on incorporation. On 27 September 2005, the Project was relaunched by the trustees as REinspired with the vision of "Enabling schools and their pupils to develop spiritually and engage creatively with faith." This vision was subsequently developed further to recognise that the local churches are now fully engaged with the local schools and now reads "Our Vision is to see all school pupils, spiritual development and religious education enhanced by creative engagement with people of faith in an educational framework" The charity trustees have regard to the Charity Commission's public benefit guidance when exercising any powers or duties to which the guidance is relevant. The paragraphs beIow review the business and future developments of the organisation and show how, Kn engaging with schools, REinspired is led by the RE curriculum to maintain and grow its relationship with its community and ensures the value of its work through a process of regular evaluation, collective discussion and feedback with both users and deliverers. The Ievel of trust afforded the organisation by the schools and Ofsted underwrites its value to the collununity served. All funds are awarded through individuaI, church, school and grant making bodies through regular communication and individually prepared project proposal and monitoring ensuring detailed dÉrertÉon, transparency, and reflectKon. Review of business and future developments The work of REin5pired resources and refreshes the RE curricuIum in locaI schools and builds lasting and trustworthy relationships between schools and their neighbouring churches. Most importantly it engages and informs children about ChrAstianity and its meaning and purpose. The support of the Jerusalem Trust, the Baptist Union, other locaI Trusts and from 2021/22 the LauderdaIe Trust, has enabled this work to spread ftom a secure and experienced hub in Earley and East Reading to form new hubs which, whiIst utilising centrally produced lesson plans and are mentored and supported by the centre, continue to grow and expand their individuaI orfer as seIE-supporting entities. Since its conception the support and trust placed in REinspired by grant funders has ensured that early interest has been nurtured and mentored into the estabIishment of solid, largely independent groups. Each year new growth is developing allowing a continual presence of REinspired famiIy Lnembers at varying stages of independence. The Covid pandemic of 2020/21 meant that the central organisation needed to adapt to the resulting restrictions and challenges as delivery in schools took drfferent variations, but these adaptations ensured the sustainability of the organisation and it, together with its programEne of delivery, has grown and been strengthened as a TesuIt. A bank of recorded sessions now allows the organisatÉon to deliver both in person and online allowing flexibility for the schoo]s as customers and a wider and more developed product model to share with potential new interested parties. During 2023/24 the REinspired team have continued to work with schools to ensure that all year groups have the full live experience where possible with pre-recorded material only being used where necessary as schools have confirmed their unilateral preference for in person engagement which has cemented the vision and ethos of the organisation" one bonus of the pandemic. Efforts to grow volunteer numbers alongside some funding in 2023/24 have resulted in a small increase in volunteers with relationships with school staff, who have been helping in the sessions, having continued to grow.
Churches Together in Earley and East Reading Schools Project Directors, and Trustees, Strategic Report {cont'd) New material for the locaI schools prepared to deliver in shorter sessions was trialled in 2022/23 where it has become noticeabIe that younger children are not able to concentrate for longer periods since the pandemic. These shorter sessions have also proved valuabIe where voIunteer numbers are lower and so the same session is delivered twice. This material, trialled in one local primary schools, has now been rolled out to other local and national teams who have experienced Iow volunteer numbers. Schools continue to welcome and applaud our work at a time where REbooks have highlighted a reduction in RE delivery in schools post pandemic. In 2023/24 we have delivered 173 primary sessions a 5% growth over last year. Secondary school delivery has dropped slightly to 92 sessions across 3 secondary schools. Collectively REinspired encountered 13,893 (13,175 22/23) children and young adults over the course of the year. Looking forward to 2024/25 Berkshire Local Authority are changing their syllabus. Discovery is no Ionger supported having been replaced by Jigsaw. PreviousIy just PHSE, Jigsaw now holds all RE with a focus on world religion as well as wellbeing. but it is unclear whether it meets the new Berkshire syllabus criteria. The organisation is looking at opportunities to work with Oxford Diocese as part of the strategy to meet the Deanery Plan and will continue to look for opportuntties to recruit more volunteers alongside attracting more trustees to the board. Training opportunities will be provided alongside the requisite safeguarding training and checks being put in place. Volunteers have been encouraged to continue to support us with craft preparation even where they are unable to be involved in the delivery either through protocol or personal choice" some will continue to do this in preference to returning to the classroom. The organisation is pursuing new hubs both locally and from further afield initiated organically through geographical movement of personal previously involved in the Earley hub or interest generated through the website and search engines. Just outside the Earley hub delivery is now strong in Southcote, Central Readin& and Wargrave. REinspired is a muIti-denominational organisation that grew out of the desire of the locaI Churches Together organxsatton to develop a means of working more closely with the local schools and children to Iead to a greater understanding and appreciation of the Christian faith acTOSS the aTea. Representatives come from across the Christian faith at all Ievels,. Volunteer and paid Team Leader at ground level to a cross denominational Trnstee board and supporting Churches Together network. Our mission has always been to help schools, pupiIs and their wider communities engage creatively with faith and spirituality by delivering ReIÉgious Education curriculum driven Iessons in accordance with the locally agreed syllabus. In Earley and East Readin& the hub of the whoIe REinspAred family, we support a home provision of 12 primary schools and 3 secondary schools, with our portfolio of lessons continuing to grow. The REinspired modeI works successfully by using a small team of paid Team Leaders supported by a volunteer base of Trustees and 70 {previously 65) individuals who corne from across a wide range of chuich backgrounds. Funding is a challenge faced by all organisations as they develop, but Trustees remain solid in their beIief in the durability of the REinspired model and its gift to the schools it supports especially during these uncertain times. Local churches. individuals, The Kiraith Trust, and Milwards Trust have remained strong in their support of the organisation and funding was awarded during 2021/22 by the Lauderdale Trust for 3 years amounting to £39,000 to establish how we can further systemise and grow. Furthermore. funding of £10,000 (split £5,000 2022/23, £5,000 23/24) was awarded by Readings Relief in Need Fund last year and in 2023/24 has seen £3,(K)O from the EnglefieLd CharitabIe Trust and £2,500 from the Souter Charitable Trust. The organisation employs Team LEaders covering 52 hours per week term time only for the 12 primary schools in Earley and East Reading. They are supported by a Project Director working a 3-day contract (21 hours per week) and part ttme {9 hours per week termtime) Communications Manager. REinspired reguIarIy support their paid and volunteer family with training, mentoring and, annually, with a day retreat to allow reflection and personal quiet space. At the time of account signing the organisation held sufficient operationaI funds as a going concern and has demonstrated that the flexibility of the model is such that adaptations can be made to fit class and volunteer number fluctuations. The company acts through directors, who are also charity trustees.
Churches Together in Earley and East Reading Schools l)roject Directors, and Trnstees, Strategic Report (cont'd) Results The Income and Expenditure Account summarises the companVs income and expendÉture for the year and shows incoming resources stable at £64,073. The nathre of the company's activities means that it is critically dependant on funding from churches and individuals alongside charitable grants covering ordinary operating costs and others awarded for specific projects. In order for the company to carry out its duties it has to employ staff on a part and full time basis. Consequently, the company need5 to build up its reserves and secure ongoing funding for its operationak costs such as staff salaries. The local provision of REinspired delivery is self-financing from local Trusts, individual donators and churches. National expansion and the paid support of marketing and communications functions is the element requiring annual re-evaluation. The result for the financiaI year to 31 August 2024 amounted to a profit of a3,883 (period ended August 2023 profit a2,631). This amount has been appropriated as follows: Profit for the financial period 13,883 Accumulated Surplus brought forward Accumulated Surplus carried forward t() include £587 in a designated fLmd for asset replacement 34.692 48,575 Risk Assessment and Management The trustees have considered the rnajor risks to which the company is exposed and the systems that have been established to mitigate these risks. Many of these risks are appropriately covered by the insurance poltcies and its poIicies on child protection, which are collununicated to all staff, volunteers and representatives. The financial risks associated with dependence on annual funding from churches are being addressed by encouraging increasing their quarterly direct debit schemes and by the efforts of trustees and volunteers in securing long term funding from individuals and grant giving charities and trusts by communicating the compan5 aspirations to the widest possible audience despite the challenges faced by all organisations in receiving funding. On Saturday 3 October 2020 St Nicolas Church and Centre, where REinspired have an office, was broken into and a small number of items stolen. This resuIted in a clai]n, now settled, of £3,142 with some items now having been replaced. A thorough assessment of asset valuation has been completed with the insurers to ensure that the company is fully covered. A new computer has been purchased in this finance year and a residual balance of £587 remains held in reserves on the balance sheet against remaÉning replacement asset purchases. Approved by the Board and signed on behalf of the Board by Reverend Richard Bainbridge, Director, dated 13 March 2025
Churches Together in Earley and East Reading Schools Project Directors, Report The directors present their annual report on the affairs of the company, together with the financial statements and accountants, reporL for the period ended 31 August 2024. Results The results for the year to 31 August 2024 are set out in the Income and Expenditure account on page 10. The results for the year and future developments have been discussed in the Strategic Report on pages 3 to 5. Communication with supporters is an essenttal part of maintaining both financial and spiritual support. Termly newsletters sent to volunteers, supporters and friends are suppIemented by weekly Facebook posts. www.reins ired.or .uk the website of REinspired, is both current and imaginative having been reviewed and updated with fresh content and updated presentation. The pandemic allowed the organisation to recognise that the delivery model was suitable for multimedia adaptation when required and this materiaI has been made available to the wider REinspired family. In addition, the organisation has also been undertaking exercises to future proof the sharing of its material to ensure consistency of delivery and the protection of the REinspired ethos and values. The website embraces the interaction of various mediums and contains in£orntIOn about REinspired and other groups using our methodoIogy with additional articles and case studies that will be useful for any organisation or potential new delivery hub interested in pursuing the REinspiTed model utilising the collection of lesson plans and associated resources that are available for browsing and downloading. The organisation has trained Angjican, Methodist and Baptist cIergy in its methodoIogy. In our local multicultural society REinspiTed has been leading the way since its inception and will continue to do so with the support of funders, staff. volunteers and schools. We do not sell our services, and neither would our schools be able to pay for our sessions, but local schools we work with have gifted us monies as a contribution to what they see as a quality resource. We have been encouraged by the continuance of small grants this financial year amounting to £25,800. Directors Responsibilities The Directors of the company for the whole period were as follows: Reverend Richard Bainbridge Reverend Jonathan Salmon Mr Christopher Greaves And for the part period: Reverend April BeckeTleg (ReSied from the Board 31 July 2024). Maame Serwah Mensah (Appointed 16 May 2024) Reverend Jonathan Salmon resigned from the Board 25 March 2025 and Russell Howes was appointed to the Board on 16 January 2025. The Board has power to appoint new trustees from ttme to time provided that the tt)tal number of trnstees does not exceed nine and at Ieast two-thirds of the trustees are from churches participaling in the Schools Project. No further Trustees have been appointed to date. The company did not enter into any signifi'cant contract or arrangement during the period in which any director had a material interest.
Churches Together in EarIey and East Reading Schools Project Employees The company strives to meet its objectives by training. motivating and encouraging its employees to be responsive to the needs of the schools and children. The company has made a commitment to provide employees with the opportunity to improve their skill base and assist them in managing theiT own development through training. The company recognises its obligations to give full and fair consideration to appIications from disabled persons and younger or older persons for all vacancies, in keeping with the medical requirements applicable for the role and according to the skills and capabilities of applicants. Wherever reasonable and practicable, the company would retain existing empIoyees becoming disabled during their period of employment and provide fair opportunities for their career advancement. Changes to the National Minimum wage and a desire by the organisation to fairly reward its staff loyalty at a time of increased financial hardship has led the directors to award a pay increase from April 2025 of 6.7% of salary. Statement of directors, responsibilities The trustees (who are also directors for the purposes of company law) are responsible for preparing the Trustees, Annual Report (including the Strategic Report) and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financiaI year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expendiknre, of the charitable company for that period. In preparing these financial statements, the trustees are required to. seIect suitable accounting policies and then apply them consistently. observe the methods and principles in the Charities SORP 2019 (FRS 102); make judgements and estimates that are reasonable and prudent,. state whether applicable UK Accounting Standards have been followed, subiect to any material departures disclosed and explained in the financial statements. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The trustees are responsibIe for keeping adequate accounting records that discIose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Cornpanies Act 2006. They are also responsibIe for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Supplier payment policy It is the compansqs policy to settle the terms of payment with suppIiers when agreeing each transaction or series of transactions, to ensure suppliers are aware of these terms and to abide by them. Throughout the period, the business DIntaIned an average suppliers, day outstanding of 30 days. Health and Safety, Corporate Responsibility and Waste Working safely and our responsibility to our employees, the schools, teachers and their pupils is fundamental to everything we do at REinspired. Risk assessments are undertaken for all our activitÉes and all our employees, Trnstees and volunteers are vetted by the Disclosure and Barring Service (DBS) in our goal 0£ maintaining a safe environment. The Project Manager and one of the Trustees have designated responsibility for risk identification and management.
Churches Together in Earley and East Reading Schools l)roject REinspired as an organisation is committEd to ils environmental responsibilities and we have worked hard to improve our environmental performance in reducing the voIume of paper and printing so attempting to minimise our own environmental impact. By providing lessons in churches local to the schools we can reduce the need for vehicle transport and by providing bus transportation to the annual Transition Event we can reduce the number of cars needed to take small numbers of children. We challenge our energy usage and wastage by reducing printing and purchasing, where possible, more environmentally efficient technology. We promote the recycling of our materials where feasible. The OTganisation has supported training and appointed a dedicated trustee in recognition of the impact of significant changes in the Data Protection Laws in 2018. Reserves policy It is the companrfs policy to hold sufficient funds to settle the costs of closure including redundancy. Over 90% of company expenditure goes directly on education costs with almost all montes raised IEing used direclly in the business in the year it is raised. Audit exemption Exemptions from audit under The Companies Act 2006 and the Charities Act 2011 have been taken advantage of by the trustees. Ms Claire Connell was appointed as Independent Examiner. Approved by the Board on 13 March 2025 On behalf of the Board Reverend Richard Bainbridge Dated 13 March 2025 St. Nicolas Church Office 33 Sutcliffe Avenue Earley Reading RG6 7JN
Churches Together in Earley and East Reading Schools Project Independent Examiner's Report Independent examiner's report to the trustees of cfEER Schools Project I report to the charity trustees on my examination of the accounts of the company for the year ended 3151 August 2024 which are set out on pages 10 to 15. Responsibilities and basis of report As the charity trustees of the company (and also its directors foT the purposes of company law) you are responsible foT the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 ACY). Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of your compan$ accounts as carried out under section 145 of the Chaiities Act 2011 ('the 2011 ACV). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examiner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the company as required by section 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 2006 Act other than any requirement that the accounts give a 'true and fair vieM4 which is not a matter considered as part of an independent examination,. or the accounts have not been prepared in accordance with the methods and principIes of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Repoiting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no conceTns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Mrs Claire Connell Chartered Accountant and Chartered Tax Advisor 86 Silverdale Road Earley Reading RG6 7LT i?
Churches Together in Earley and East Reading Schools Project Statement of Financial Activities including Income and Expenditure Account For the year ending 31 August 2024 52 Weeks ended 31 August 2024 52 Weeks ended 31 August 2023 Notes Income Donations from Churches Grants Donations from Individuals Other 16,784 25,8(Kl 15,323 6,166 18,359 20,533 21,130 5,913 64,073 65,935 Expenditure Expenditure on charitable activities {50,189) (53,304) {50,189) (53,304) Operating Surplus/ (Loss) Income from fixed asset investments 13,883 12,631 Surplus/ (loss) on ordinary activities before interest and taxation Interest receivable and similar income 13,883 12,631 Surplus/ (loss) on ordinary activities before taxation Taxation on profit on ordinary activAties I383 12,631 Surplus1 (loss) for the financial period 13,883 12,631 Retained surpIus/ {loss) for the financial period 12 13,883 12,631 Accumulated surplus brought fonvard 12 34,692 22,061 Accumulated surplus carried forward 12 48,575 34,692 The results for the period are derived wholly from continuing operations. There are no restricted or endowment fLmds. There are no recognised gains and losses other than the reported surplus for each period. There are no differences between the profit on ordinary activities before taxation and the retained profit for the year stated above and their historical cost equivalents. io
Churches Together in Earley and East Reading Schools Project Company Registration Number.. 5254233 Balance Sheet As at 31 August 2024 Notes 31 August 2024 31 August 2023 Fixed assets TangibIe fixed assets 894 894 1.024 1,024 Current assets Debtors 3218 4,292 Cash at bank and in hand 45,619 48037 (1,156) 29,668 33,960 292 Creditors - amounts falling due within one year Net eurrent assets 47,681 33,668 Net assets 48575 34,692 Capital and reserves Called Up Share Capital Asset Designated Fund Unrestricted Accumulated Funds li 12 12 Nil 587 47,988 48,575 Nil 33,596 34,692 The flnancial statements on pages 10 to 16 were approved by the trustees on 13 March 2025. The Notes referred to above form part of these financial statements. For the financial period ended 31 August 2024, the charity is entitled to exemption from audit under section 144{2) of the Charities Act 2011 and subsection l of section 477 of the Companies Act 2006. Directors, responsibilities.. The members have not required the company to obtain an audit of its financiaI statements for the year in question in accordance with section 476 of the CompanKes Act 2006. The directors acknowledge their responsibility for compIying with the requirements of the Companies Act 2006 and Charities Act 2011 with respect to accounttng records and preparation of financial statements. These accounts have been prepared in accordance with the provisions appIicable to small companies subject to the small companies regime and in accordance with FRS102 SORP. Signed on behalf of the Board M Mensah Director R Bainbridge Director IIu4 li
Churches Together in Earley and East Reading Schools Project Company Registration NumbeT'. 5254233 Notes to the financial statements For the year ended 31st August 2024 l Accounting policies The principal accounting policies, which have been applied consistently throughout the financial period and the preceding £inancial period, are as follows: 17) Bosis officcounting Churches Together in Earley and East Reading Schools Project is 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 Itmited to £1 per member of the charity. The address of the registered office is given in the charity information on page 2 of these financial statements. The nature of the charitys operations and principal activities are as described on page 3. The chaTity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of IreIand (FRS 102) issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Iieland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted AccountAng Practice. The charity does not include a cash flow statement on the grounds that it is applying FRS 102 Section IA. The financial statements are prepared on a going concern basis under the historical cost convention, modrfied to include certain items at fair value. The financial statements are presented in sterling which is the Eunctional currency of the charity and rounded to the nearest £1. b) Going Concern The nature of the charity's activities means that it is entirely dependant on donations from churches, individuals and other charitable organisations. To carry out its duties it employs 5 part-time sta£f. Reserves together with grants received early in the next financial year are sufficient to continue to employ these staff over the forthcoming year. c) Tangiblefixed assets Tangible fixed assets, which comprise office and computeT equipment, are shown at original historic cost net of depreciation as set out in note 5. Depreciation is provided at rates calculated to write off the cost, Iess estimated residual value, of each asset on a straight line basis over its estimated usefuI life. All office and computer equipment has been given a useful life of 4 years. d) Incom£ All income is recognised once the charity has entitlement to the income, there is suffAcient certainty of receipt and so it is probable the income will be received, and the amount of income receivable can be measured reliably. In practice, income received by way of donations is included in the year in which it is received. 12
Churches Together in Earley and East Reading Schools Project Notes to the financial statements {cont'd) For the year ended 31st August 2024 e) Expendithre Expenditure is included on the accruals basis and is recognised in the period in which there is a legaI or constructtve obligation to pay for the expenditure. The Company is not registered for VAT and accordingIy expenditure is shown inclusive of irrecoverable VAT. ToxAtion No corporation tax liability arises in respect of any income of the company in view of its registered charity status. 2 Segmental inforniation The turnover and profit on ordinary activities before taxation were derived wholly from the company's principal activities within the United Kingdom. 3 Expenditure on charitable activities The operating profit for the period is stated after charging/ (credifing): 2024 2023 Expenditure on charitable activities.. Direct costs: Staff costs Wages and salaries - Income Tax and &)cial &curAty cost - Pension cost - Recruitment and Child Protection Materials and consumables Conference Fees/ Training Depreciation (see note 5) Other Subtotal.. direct cost5 39,302 1,492 3,834 197 2,999 135 639 40.102 3,593 3,901 469 3,012 145 511 48,598 51,733 Support costs (management and administration): Insurance Independent Accountanys Fees & Companies House Charges Other Professional Fees Other Subtotlll.. support costs 1,346 loo 1,248 126 145 1,591 197 1.571 Total expendth4re on charitllble actiuities 50,189 53,304 £100 has been accrued for fees relattng to the Independent Accountangs examination (2023 - £100), there were no non-audit fees during this or the previous period. No employees received total employee benefits (excluding employer pension costs) of more than £60,000. 13
Churches Together in Earley and East Reading Schools Project Notes to the financial statements (cont'd) For the year ended 31st August 2024 3 Expenditure on charitable activities (cont'd) Emoluments and Expenses of directors (including pension contributions) were: 2024 2023 Emoluments and Expenses Nil Nil The average monthly number of persons employed by the company (including executive directors) during the financial period is analysed below: 2024 Number 2023 Number Operations Administration 4 Taxation on PTofit on Ordinary activities No corporation tax liability arises in respect of any income of the company in view of its registered charity status. 5 TangibIe fAxed assets The following are included in the net book value of tangible fixed assets: Plant and Equipment Owned Cost Beginning of the period Additions Disposal of Lrfe Expired Assets End of the period Depreciation Beginning of the period Charge for the period Disposal of Lrfe Expired Assets End of the period Net Book Value End of the period Beginning of the period 2,046 2555 1,022 639 1,661 894 1,024 6 Debtors 2024 2023 Amounts falling due within one year: Gift Aid CIaim Other 3,218 4,292 3,218 4,292 14
Churches Together in EarIey and East Reading Schools Project Notes to the financial statements (cont'd) For the year ended 31st August 2024 7 Cash In Hand and Bank 2024 2023 C(FOperative Bank 45,619 29,668 8 Creditors 2024 2023 Amounts falling due within one year: Accruals 1,157 292 1,157 292 9 Contingent Liabilities The Company had no contingent liabilities at 31 August 2024 {2023.. £Nil). 10 Related Party Transactions Total donations in the year received without conditions from the Directors were £600 (2023: £2,345). There were no related party transactions in the year. 11 Share CapitaI The Company is limited by guarantee and does not have any Share Capital. The Company has 5 members and their individual liability towards the company's debts is limited to £1 each in the event of the company being wound up within 12 months of ceasing to be a member. 12 Aecumulated Funds The movement in the accumulated fund can be analysed as follows: 2024 1 September 2023 34,692 Retained Profit/ (loss) for the fAnancial period 13,883 31 August 2024 48575 15