Churches Together in Earley and East Reading Schools Project (A Company Limited by Guarantee and not havxng a Share Capitsl) Financial statements for the period ended 31 August 2025 Company Registration Number.. s4233 (Et)g]and and Wale5) ctwity Registration Number I1291
Churches Together in Earley and East Reading S¢hools Project Contents Pases Administrative detai15 Directors, and Trnstees. Straiegic Report 3to5 Directors, and Trustees, Annual Report 6t08 Independent Examinerfs report Statement of Financial Activities Including Income and Expenditure Account io Balance Sheet Notes to the Financial Statements 12to15
Churches Together in Earley and East Reading Schools Project Administrative details Registered Offi SL Nicolas Church Office 33 Sutcliffe Avenue Earley Reading RG6 7JN Date of Incorporation Company Retration Number Charity Registration Number 8 October 2004 5254233 11092 Directors Reverend Jonathan Sa]mon {Re5igned 25 March 2025) Mr Christopher Greaves Reverend Richard Bainbridge (Chair) Maame Serwah Mensah Russell Howes (Appointed 16 January 2025) Mark Laynesmith (Appointed 25 &ptember 2025) Nick ErLsor (Appointed 15 January 2026) Company Secretary Emma West 10 Maiden Erlegh Drive EaTley, Reading RG6 71 Independent ReportiDg Accountant Mrs Claire ConDell 86 Silverdale Road Earley Readig RG6 7LT Bankers The Coryopezative Bank PO Box 250 Delf House
uthway Skelmersdale WN8 6wr
Churches Together in Earley and East Reading Schools Project Directors, and Trustees, Strategic Report for the year ended 31st August 2025 Principal activitle&" The Compan$ obj'ects are stated in its Memorandum of Association as.. "To advance religio in partirntlar the ChTi5tion religion, and advance education by enabltng local churches to support local School communities in the religious education and spiritual development of their pupils, especially in the areas of Earley and East Readxng." These obiecys a150 form the charitys purpose. These activities were previously carried out by Churches Together in Earley and Ekst Reading khoob Project IcrEER &hoo]s Projert), linked to, but separately accounted for, Churches Together in Earley and East Reading (crEERI. All activities and the funds in hand were trasferred to the company on iThcorporation. On 27 SeptemEEr 2005. the Project was relaunched by the tmstet¥ as REinspiTed with the vlsion of "Enabjing schools and their pupils to develop spiritually and engage creatively with fth., 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 stt all school pupi]s' spirial development and relisious education enhanced by creattve engagement with people of faith in an educational framework" The charity trustees have regard to the Charity Commission's pllb]ic benefit guidance when exercising any powers or duties trj which the guidance is relevant. The paragraphs IlOW rewew the business and fure developments of the organisation and show how, in 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 OE regular evaluatiorn collective discussion and feedback with both users and deliverers. The level of trust afforded the organisation by the schools and Otsted underwrites its value to the community served. All funds are awarded through individual, chutch, school and grant making bodies through regular communication and individually prepared PToiect protx)sal and monitoring ensuring deiailed directio transparency, and reflection. ReeW (rf business and futtwe developments The work of REinspired resources and refreshes the RE curriculum in local schoo]s and builds lasting and trustworthy relationships between schools and their neighbouring churches. Most Importantly it engages and informs children atxjut Christtanity and its meaning and purpose. Since its inception the support of the Jerusalem Trust, the Baptist Union, the Lauderdale Trnst and other l(Kal Trnsts, has enabled this Work to spread from a secure and eXperiend hub in Evley and East Reading to form new hubs which, whilst utilising centrally produced lesson plans and are mentored and supported by the centre, continue to grow and expand their individual offer as self-supporting entities. The support and trust placed in REinspired by grant fwiders has ensured that early interest has }l nurtured and mentored into the estabItshment of solid, largely independent groups. Each year new growth is developing allowing a continual presence of REinspired family members at varying strages of Fjidependence. The Covid pandemic of 2020121 meant that the central organisation needed to adapt to the resulting restrictions and challenges as delivery in schooIs took different variations, but these adaptations ensured the sustainabxlity of the organisation and it, togetheT with its PTogramme of delivery, has grown and b&n strengthened as & result. A bank of recorded sions allows the organisation to deIiver both in person and onIine tOWIng flexibility for the schools as customers and a wider and more developed product model to share with potential new interested partie5. During 2024125 the REinspired team have continued to work with schooIs to ensure that all year groups have the full live experieTh where possible with pre-Eecorded material only king used where necessary as schools have confirmed their uniIateraK PTeference for in person engagement which has Cernend the vision and ethos of the organisation.. one bonus of the pandemÉc. Our ability to grow our volunteer numbers along with managing financial stabtIity remain our greaiEst challenge as we endeavour to satssfy growing school demand. Our small team continue to meet and deliver outstanding lessons in the knowledge that their efforts are Ix)th wanted and needed in our ever changing diverse Community.
Churches Together in Earley and East Reading Schools Project Directors, and Trustees, Strategic Report {conVd) New material for the local schools prepared to deliver in shorter 5e5sions was trialled Rn 2022113 when it became noticeable that younger children are not able to concentrate for longer periods since the pandemic. These shorter sessions have a]so proved valuable where volunteer nwnbers are lower and 50 the same session is delivered iwice. This material, triAlled in one local primary school, was rolled out to other local and national teams the previou5 financial year and is sttll being deIiveTed alongside new lessons meeting both the primary and secondary criteria latd down in the locally agreed Berkshire Syllabus and includes specific lessons withxn the Understanding Christianity &heme of Work and Pan Discovery Berkshire. In 2024/25 we have delivered 163 primary sessio, a slight drop of 5% over last year, and 65 secondary sehool sessions across 3 secondary schoo]s, a]50 a 51ight drop. Collertively REinspired encounteTed 11.404 {13,893 23124) children and young adults over the course of the year highlighting the continued decline in school child numbers. 2025/26 has seen Berkshire Local Authority start to change their syllabus. Discovery is Tho longer supported having EEen replaced by Jigsaw. Previously just PHSE, Jigsaw now holds all RE with a focus on world religion as well as weIlbein& but it remains unclear how many schools will adopt its approach. REin5pired has material that fits within its remit bu¢ at presenc is still being asked by schools to remain within the existtng framework as this supports the current syllabus. The fLtll syllabus is expected to be in place for 2026127. The organisation is continuing to look at opportunities to work with Oxford Diocese as part of the strategy to Meet the Deanery Plan. but the onus is on the Deanery to agrtt which churches are ready and willing to launch with REinspired being a respected partner in the project. It is hoped that West Reading may launch early in 2026 but the delay in the launch of the new Berkshire RE syllabus from last year has been a challenge as RE Coordinators are still establishing its impact on their school programme. We are encouraged, however, that our local area will see a welcome infiux of new church leadership in the coming financial year where vacancxes have existed for some time which should reinvigorate churches and mission amd lend further support to our organisation. Efforts are being made to ensure new leaders are made aware of REinspired from the outset to ensure early involvement and support. During 2004125 we have attTacted a new Trustee to the Board with a further 2 new TnAStees in 2025126. The organisation will eontinue to look for opportunities to recruit more volunteers with training and mentOTing provided. 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 chotce; some will continue to do this in preference to returning to the dassroom. A strategic objective to increase our local engagement in 2025/26 has the support of the Board. REinspired is a multi-denominational organisation that grew out of the desire of the IIKal Churches Together organisation to develop a means of wotking more closely with the local schools and chiIdren to lead to a greateT understanding and appreciation of the Christian faith across the area. Representatives come from across the Christian faith at all levels,. VolunteeT 8nd paid Team LEader at ground level to a CT05S denominational Trustee board and supporting Churches Together network. Our mission has always been to help schoo]s, pupiIs and their WAder conntinitieS engage creatively with faith and SpirialIty by delivering Religious Education curriculum driven lessons in accordance with the locally agrd syllabus. In Farley and East Readingi the hub of the whole RFinspired famity, we support a home provision of 12 primary schools and 3 secondary schooIs, with our portfolio of lessons continuing to grow. The REinspiied model works successfully by usins a small team of paid Team tEaders supported by a volunteer base of Trustees and 67 individuals who come fro acros a wide range of church backQud5. Local churches, individuals, The Kiraith Trus¢ and Milwar(ts Tntst have remained strong in their SUPPOTt of the organisation and new funding opportunities are tEing explored In 2025/26 through heightened engagement. A successful fundraising quiz night raised £600 and £628 was received from individuals directly suppoittng the PUTchase of llew floor mats for class sessions. The organisation employs Team tEaders covering 52 hours per w&k terni titne only for the 12 primary schools in Earley and East Reading. They are supported by a Project Director working a 3-day eontract {21 hours per w&k) and part time (9 hours per week tenntime) Communications Manager. A new post of Engagement Director working 2 days a week has been introduced from 2025/26 targeted with raising both the organisations profile and supporting funds. REinspirea Tegularly support their paid and volunteer family with trainin& mentoring and, annually, with a day retreat to allow reflection and personal quiet space.
Churches Together in Earley and East Reading Schools Project Directors. and Trnstees, Strategic Report (cont'd) At the time of account Si8ning the organisation held sufficient operational funds a5 a going concern and has demonstrated that the flexibility of the m(Klel is such that adaptations can IE made to fit class and volunteer number fluctllations. Funding is a challenge faced by all organisations as they develop, but Trustees remain solid in their bejief in the durabi]ity of the REinsped model and its gift to the schools it supporty especially during these uncertain time5. The company acts through directors, who tt also charity trustees. Results The tncome and Expenditure Account summarises the companys income and expenditure for the year and shows incoming resources at £5U88. The nature of the companrf5 activittes rnea that it is CTitÈcally 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 time basis. Consequently, the company needs to build up its reserves and secure ongoing funding foT its operational costs guch as staff salaries. The local provÉsion of REinspired delivery is largely self-fÉnancing frorn local Trusts, indlvidual donators and churches. National expansion and the paid support of marketing and communications ftiOnS is the element requiring annual re-evaluation. The result for the ftnancial year to 31 Ausust 2025 amounted to a profit of Q785 (period ended August 2024 profit £138831. This amount has been appropriated as follows: Profit for the financial period 1785 Accumulated Surplus brought forward Accumulated SuTplu5 Carried forward to include £587 in a designated hd for asset replacement 48575 Risk Assessment and Management The trustees have considered the major risks to which the company is exposed and the systems that have been established to llutigate these risks. Many of these risks are appropriately covered by the insurance policies and tts policies on safeguarding protectioTh which are communicated to aIl staff, volunteers and representatives. The financxal risks associated wtth dependence on annual ndIng from churches are betng addSed by encouraging increasing their quarterly direct debit schemes and by the efforts of trustees and volunteers in secuTing long term handing from individuals and grant giving charities and trusts by increasing engagement and communicating the companYs aspirations to the widest possible audience despite the challenges faced by all organisations in receiving fundins. On Saturday 3 October 2020 St Nicolas Church and CentTe, where REinspired have an office, was broken into and a small number of items stolen. This resulted in a claim, now settled, of L7,142 wxth some items now having been Tepiaced. A thorough assessment of asset valuation has been completed with the insurers to ensure that the company is fully covered. No rther assets have been purchased this financial year and a residual balance of £587 remains held in reserves on the baIance sht against remaining replacement asset purchases. Approved by the Board and SI on IaIf of the Board by Reverend Richard Bainbridge, Director, dated 12 March 2026
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 staiements and accountants, report, for the peTiod ended 31 August 2025. Results The results for the year to 31 August 2025 are set out in the Income and Expenditure account on page 10. The results for the year and future developments have bn dcuSsed in the Strategic Report on pages 3 to 5. Communication with 5UPPQTteTS ts an essential part of maintaining both (inancial and spiritual support. Termly newsletters sent to volunteers, supporters and friends are supplemented by weekly Facebook posts. www.reins ired.or .uk the website of REiDspired, is both current and imaginative being regularly reviewed and updated with fresh content and updated presentation. The pandernic allowed the organisation to recogni5e that the delivery model was Suitable Eor multimeth"a adaptation when required and this material has been EEwde available to the wider RExnspired family. In addition, the organxsation has a]so iEen undertsking exercises to future proof the sharing of its mateTial to ensure conststency of delivery and the protection of the REinspiTed ethos and values. The website embraces the interactton of various mediums and contains information about REinspired and other groups using our methodology with additional articles and case studies that will be useful for any organisation or potential new delivery hub interested in pursuing the REinspired model utilising the collection of lesson plans and associated resources that are available £or browsing and downloading. During 2025/26 the OTganisation has employed an Engagement Director to raise both its profile and fun(ts from the local and wÉder community. The organisation has trained Anglican, Methodist and Baptist clergy in its methodology. In our local multicultural society REinspired 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 a5 a quality resource. We have been encouraged by the continuance of small grants this financi81 year but are aware that greater financial support 15 needed going forward. Directors ResponsibAIAties The Dir10T$ of the company for the whole period were as follows: Reverend Richard BainbTidge Mr Christopher Greaves And for the part period.. Reverend lonathan Salmon resis from the Board 25 MaTch 2025 Russell Howes was appointed ttTr the Board on 16 January 2025. Mark Laynesmith was appointed 25 &pternbeT 2025 Nick Ensor was appointed 15 January 2026 The Board has power to appoint new trustees from time io time provided that the total numIr of trustees dot not exceed nine and at least twTrthirds of the trust&s are from churches participating in the khools Projert. The compAny did not enter into any signifvcant contrart or arrangement during the period in which any director had a nterIal interest.
Churches Together in Earley and East Reading Schools Project Employees The company strives to meet its objectives by trainin& motivatTng and encouraging its employees to be Te5pon5ive to the rdS of the schoo15 and thÉldren. The company has made a commitment to provide employ5 with the opportunity to improve their skill base and asSi5t them in managing their own development through training. The company recognises its obligations to give and faiT constderation to applications from disabled persons and younger OT older persons for all vacancies, in keeping with the medical requirements 8pplicabRe for the role and according to the skills and capabilities of applitants. Wherever reasonable and practtcable, the company would retain existing employees becoming disabled during their period of employment and provide fair OPPOTtunities for their car&r advancement. The organisation has a current Diversity Po]icy. Changes to the National Minimum wage and a desire by the organisation to fairly rewaTd its Staff loyalty at a time of increased financial haidship has led the directors to award a pay increase from April 2025 of 6.7% of Statement of dirertors, responsibilities The trustees (who are also directors for the purposes of company law) are responsible for preparing the Trust, Annual Report (IrlUdIng the Strategic Report) and the financial statements in accordance with applicable law and United KiDgdom Accounttng Standards (United Kingdom Generally ACpted Accounting Practice). Company law requires the trustee5 to prepare financial statements for each financial 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 exPenditre, of the ¢haritsble company for that period. In preparing these financial statements, the trustees are required to: selert suitrable accounting policies and then apply them consxstendy; observe the meth(Kls and principle5 in the Charities SORP 2019 (FRS I2>. make judgements and estimat that are reasonable and prudenL state whether applicable UK Accounting Standards have twi followed. Subit to any material departures dÈsclosed and explained in the financi3l statements; prepare the financial statements on the going concern basis unless it is inappropriate tr> presume that the charitable company will continue in operation. The trn$t are responsible for keeping adequate accounting records that disclose with Teasonable accuracy at any time the financial position of the charltable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They aTe aiso responsible for safeguarding the a55ets of the charitable company and hence for taking reasonable steps foT the prevention and detection of fraud and other irregularities. Supplier payment policy It is the compan(9 policy to settle the terms of payment with supplieTS when agreeing each transaction or series of tran5acEions, to ensure suppliers are aware of these teTrnS and to abide by them. Throughout the period, the business matntained an average suppliers, day outstanding of 30 days. Health and Safety, Corporate Responsibility and Waste Working safely and our reSpolb]lity to our employees, the schools, teachers and their pupi15 is fundamentsl to everything we do at REin5pired. Risk assessments are undertaken for all our activitie5 and all our employees, Tru5tee5 ond volunteers are vetted by the DÉsclosure and Barrin8 Service IDBS) in our goal of maintaining a safe envxronment. The Project Director and one of the TTUStees have designated Te5ponsibility for risk identificatson And management.
Churches Together in Earley and East Reading Schools Project REinspired as an organisation is cOnLtted to its environmental responsibilities and we have worked hard to improve our environmentsl wformance in reducing the volume of paFr and printing so attempting to minimlse our own environmental impact. By providing lessons in churches I(al to the schools we can reduce the need for vehicle transport We ch&llenge our energy usage and wastage by reducing piinting and purchasing, where possible, more environmentally efficient technology. We promote the recycling of our materials where feasible. The organisation has supporied traAning and appointed a dedicated trustee tn recognition of the irnpact of significant changes in the Data Protection Laws in 2018. ReseTves poliey It is the companys policy to hold sufficient ndS to settle the costs of closure including redundancy. Over 90% of company expenditure goes directly on education costs with ahnost all monies raised being used directly in the business in the year it is raised. Audit exemption Exemption8 from audit under The Companies Act 2006 and the Charities Act 2011 have Ewi taken advantage of by the trustees. Ms Claire Connell was appointed as Independent Examiner. Approved by the Board on 12 Maich 2026 On behalf of the Board Reverend Richard Bainbridge Dated 12 March 2026 St. Nicolas Church Office 33 Sutcliffe Avenue Earley Reading RG6 7JN
Churches Together in Earley and East Reading Schools Project Independent Examinerfs Report Independent examinerfs report to the trnstees of CTEER Schools Project l Teport to the chaTity trustees on my examination of the accounts of the company for the year ended 3191 August 2025 which are set out on pages 10 to 15. Re8pon8ibilities and ba8is of report A5 the cEwity trustees of the company (and also its directors for the purpose5 of company lawl you are responsible for the preparpAtion 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 21M16 Act and are eligible for independent examination, I report in respect of my examination of your compan$ accounLs as carried out under section 145 of the Charities Act 2011 ('the 2011 Acy). In carrying out my exaDiination I have followed the Directions given by the Charity Commission undeT section 145(5)(b) of the 2011 Act. Independent examinee8 statement I have completed Jny examination. l ¢onfirm that no matters have come to my attention in connection with the examination giving me cause to be]ieve that in any material respect. accounting records were not kept in respect of the company as requxred by section 386 of the 2[ Ac¢. or the accounts do not a¢¢oTd with those records,. or the accounts do not comply with the accounting requiTements of seytion 396 of the 2006 Act other than any Tequirement that the accounts give a 'tsue and faiT vieW whÉch is not a matter considered as part of an independent examination: or the accounts have not been prepared in accordantt with the methods and prtncxples of the Statement of Recollunended Practice for accounting and reporhng by charities applicabKe to charities preparing their accounts in accordance with the Finanoal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other matteTS in ¢onnertion with the exaMItron to which attention should be drtswn in this report in order to enable a proper understanding of the accounts to be reached. Mrs Claire Connell Chartered Accountant and Charthd Tax Advisor 86 Silverdale Road Farley Reading RG6 7LT •IG
Churches Together in Earley and East Reading Schools Project Statement of Financial Activitie8 including Income and Expenditure Account For the year ending 31 August 2025 52 Week8 ended 31 August 20 52 Weeks ended 31 Ausust 2024 Notes Income DonatioDs from Churches Grants Donations frorn Individuals Other 18,692 16.784 27,403 5.793 15323 6.lf 6£073 Expenditure Expenditure on charitable activities 151.703) 15).189) 151.703 (50,189) Operating Surp1 (Loss) Income from fixed asset investments 2.785 I3&7 Surplus/ Uossl on ordinary artivities before interest and taxation Interest receivable and similar income I383 Surp1 {1055l on ordinary activities before taxation Taxation on profit on ordxnary aciivities 1785 I583 Surplu4 (Ios81 for the fAnan(ial perloa 1785 13M3 Retained surplu8/ Uoss) for the finaneial period 12 1785 13M3 Accumulaled surplus bTought forward 12 48575 34692 Accumulated surylus caTried forward 12 51J60 48575 The results for the period a derived wholly from continuing operatsons. There are no restricted or endowment funds. There are no recosnÉsed gaiDS and losses other than the reported surplus for each period. There are no differences between the profAt on ordinary activities before taxation and the retained profit for the year Stated above and their historÉcal cost equivalents.
Churches Together in Earley and East Reading Schools Project Company Registration NUMIr. 5254233 Balance Sheet As at 31 August 2025 31 August 31 August 2024 Fixed assets Tangible fixed assets Current assets Debtors 5539 3,218 Cash at bank and in hand 49,787 55.326 4221 45,619 48,837 1,156 Creditors- amounts falling due within one year Net cuttent assets 51.105 47,681 Net assets 51,3 48,575 Capital and reserves Called Up Share Capltal Asset Designated Fund Unrestricted Accumulated Funds 11 12 12 Nil 587 47,988 48575 587 50,T13 51.3&1 The financial stalements on pages 10 to 16 were approved by the trustee5 on 12 MaTch 2026. The Notes referred to above forni part of these financial statements. For the financial period ended 31 August 2025, the charity 15 entitled to exemption from audit undeT section 144{2) of the Charities Act 2011 and subsection l of section 477 of the Companies Act 2006. The members have not required the company to obtain an audit of its financial statements for the year in question in accordan with sectton 476 of the Companies Act 2006. The directors acknowledge their re5ponsÉbility for complying with the requirements of the Companies Act 2006 and Charitie¥ Act 2011 with respect to accounting records and prepaTatson of financial statements. These accounts have been prepared in accordance with the piovisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP. Sisned on behalf of the Board M S Mensah Director R Bainbridge Director li
Churches Together in Earley and East Reading Schools Project Company Registration Number.. 5254233 Notes to the financial statements For the year ended 31st August 2025 l Accounting policies The principal accounting poIicies, which have been applied Consistently throughout the financial wiod and the Preding financial period, are as follows.. ) Basis of accounting Churche5 Together in Earley and East Reading h0O1$ Project is compAny ]imited by guarantee and has no shale capktal. tn the event of the charity betng wound up, the liability tn respect of the guarantee Is limited to £1 per member of the charity. The address of the registered office is given in the charity infOrntiOn on page 2 of these financial statements. The nature of the charitys operations and princxpal activities are as described on page J. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have I1 prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Prartice applicable to charities preparing their accounts in accordance with the Financxal Reporting Standard applicable in the UK and RepubIic of Ireland {FRS 1021 issued in OctOr 2019, the FinancÈal Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the ChaTitÈes Act 2011, the Companies Act 2006 and UK Cenerally Accepted Accounfing Practice. The charity does not include a cash flow statement on the 8rounds that it is applying FRS 102 &ction IA. The financial statements are prepared on a going concern basis under the historical cost conventio modified to include certain items at fair value. The financial statements aTe presented in sterling which ig the functtonal currency of the charity and rounded to the nearest £1. b) Going Concmi The nature of the charitys activitie5 means that it Is entirely dependant on donations from churches, individuals and other charitable organisations. To carry out its duties Ét ernploy5 5 part-time staff. Reserve5 together with grants received early in the next financial year are suffiaent to continue to employ these staff over the forthcoming year. ) Tangibleftyed ussets Tangible fixed assets, which ComPre office and computer equipmen¢ are shown at original historic cos¥het of depreciation as set out in note 5. Depreciation is provided at rates calculated to write off the cosL less estimated residual value, of each a$5et on a straight line basxs over its estimated useful Ixfe. All office and computer equipment has been glven a useful life of 4 years. d) Income All income is Tecognised once the charity has entitlement to the income, there is sufficient certainty of receKpt and so it is probable the income wÈll be r1ved, and the amount of income receivable can be measured reliably. In practtce, in¢ome received by way of donations is Included in the yeaT 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 2025 e) Expeudilure EXPendire is included on the accrna]s basis and i5 recognised in the period in which there is a legal OT constructive obligation to pay for the expendithre. The Company is not registered for VAT and accordingly expenditure is shown inclusive of irrecoverable VAT. Tuxohon No corporation tax liability arises in Tespect of any income of the company in view of its registered charity status. 2 Segmental inforniation The turnover and profit on ordinary activities trdore taxation were derived wholly from the company's principal activities within the United Kingdom. 3 Expenditure on charitable aCtItieS The operating profitfor the period is stated after ¢harging/ {crediting).' 2015 2024 Expenditure on charitable activities: Dect costs.. Staff costs - Wages and salaries - Income Tax and Social Security cost - Pension cost - Recruitment and Child Protection Materia15 and consumables Conference Fw/ Training Depreciation (see note 5) Other Subtotsl.. direct costs 40,924 1,766 3,820 387 39202 1.492 197 19 135 639 50,097 48,598 Support Costs (management and adrnintstration).. Insurance Independent Accountanvs Fees & Companies House Charges Other Professional Fees Other Sublolnl.. support costs 1.274 134 ]( 198 145 1.591 Total expendithre on charitsbk actiuitics 51.703 50,189 £l(K) has been accrued for fees relatÉng to the Independent Accountanys examination (2024- £100). there were no non-audit fees during thls or the previous period. No employees received total employee nefits {exeludiThg empbyer pension costs) uf more than £60,IXKJ. 13
Churches Together in Earley and East Reading Schools Project Notes to the financial statements (cont'd) For the year ended 316t August 2025 3 Expenditure on charitable activitie8 {cont'd) Emoluments and Expenses of directots (including pension contributions) were.. 21)ZS 2024 EolUMents and Expenses Nil Nil The average monthly nllber of persorLS employed by the company (includins executive directors) during the financ period is analysed below.. 2025 Number 2024 Number OpeTatio AdKllittiStration 4 Taxation on profit on ordinary activities No corporation tax Iiability arises in respect of any income of the company in view of its registered charity slaius. 5 Tansible fixed assets The following are included in the net book value of tangible fixed assets.. Plant and Fquipment Owned Cost Beginning of the period Additions Disposal of Life Expld Assets End of the period Depreciation Beginning of the period ChaTge for the peTiod Dtsposai of Life Expired Assets End of the period Net Book Valu¢ End of the period Beginning of the tEriod 2,555 1,661 &89 255 6 Debtors 2025 2024 Amounts falling due within one year.. Gift Aid Claim Other s39 3,218 s39 3,218 14
Churches Together in Earley and East Reading Schools Project
Notes to the financial statements (convd)
For the year ended 31st August 2024
7 Cash In Hand and Bank
2025
2024
C