SWINEMOOR CHRISTIAN TRUST {A Company Limited by Guarantee) DIRECTORS, REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Charity number 1109422 Company Number 05296397
SWINEMOOR CHRISTIAN TRUST CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAFI ENDED 31 DECEMBER 2024 Trustees, Report for the year endlng 31 December 2024 Independent Examlner's Report Statement of Financial Activities Balance Sheet Notes forming part of the financial statements Detsiled statement of Incorne and expendlture 8-10 11
SWINEMOOR CHRISTIAN TRUST TRUSTEES, ANNUAL REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees are pleased to present thelr annual dlree(ors' report together with the financlal statements of the charity for the year ended 31st December 2024, whlch have been prepared to meet the statutory requirements of the Companies Act. The Financial Statements comply with the Charities Act 2011, Companies Act 2006, the memorandum and Articles of Association, Accounting and Reporting by Charitles,. Statement of Recommended Practice appllcable to charltles preparing their accounts in accordance with the Flnancla l Reporting Stsndard for Smaller Entities. Objectives and Actlvltles The purposes of the charity are to advance the Christian faith In accordance with the Statement of Beliefs in the Swinemoor area of Beverley in the County of East Yorl<shire and In such parts of the United Kingdom, or the world as the Trustees of the charity may from time to time see fit, to fulfil other purposes which are exclusively charitable and are connected with the charitable work of the charity, and to relieve persons who are in condition of need or hardship or sick and to relieve the distress caused thereby in the said location and in other parts of the United Kingdom or the world as the Trustees may from time to time see fit, Publlc Benefit All the activiities of the charity satisfy the requirements to be acting for the benefit of the public. Achievements and Performance Swinemoor Christian Trust's main activity is through its charSty shop 'Chat' which is located in a parade of shops on Swinemoor Estate, Beverley, East Yorkshire. The estate comprises both council and private housing. Parts of the estate over the years have suffered social deprivaton and also benefit from a local foodbank. The shop sells clothes, household items and toys, etc at reasonable prlces that the community can afford, {mu¢h cheaper than the Beverley Town charity shops). There is also a facillty in the front area of the shop where local residents can meet for a chat with free refreshments. The shop also provldes part time employment for 4 workers and worlc experience for about 12 volunteers. Financial Review The shop's turnover is £27,347 which is a decrease of £1,310 compared to £28,657 in 2023. Thls year the expenses were £24.132 compared to £21,388 In 2023. Despit the fall in profit, there is still a net Increase in funds of £3,215 and a balance of £ 101,929 total funds at the end of the year. The pending increase in the National living wage will reduce profits by a further £2,000. The trustees have put aside £30,000 for reserves and consider that, desplte these challenges, adequate re50ur¢es are available to fund the activities and pay the wages of the employees for the conslderable future. The trustees are of the view that the charity is a going concern.
SWINEMOOR CHRISTIAN TRUST TRUSTEES, ANNUAL REPORT (INCLUDING DIRECTORS, REPORT) Icontlnued) FOR THE YEAR ENDED 31 DECEMBER 2024 Plans for the future Following the closure of the Beverley branch of Barclays Bank the Trustees have opened an account with Natwest Bank for the deposit of the shop takings. Since then Natwest have said they are closing the branch in Beverley in June 2025, meaning that the shop manager wlll have to travel to one of the nearby branches reEularly to deposit the takings. Looking forward to 2025 the trustees hope that normal buslness will continue to grow. Structure, Governance and Management The organisation is a charitable company limited by guarantee, incorporated on 25th November 2004 and registered as a charity on Ilth May 2005. The company wa5 established under Memorandum of Association which estsblishes the objects and power5 of the charitable companv and is governed by it Articles of Association. In the event of the company being wound up, the trustees are prepared to contrlbute an amount not exceeding £10. Appolntment of Trustees The directors of the company are also charity trustees for the purpose of charity law and under the company's article5 are known as members of the Management Committee. Under the requlrements of the Memorandum and Aricles of Association the members of the Management Cmmittee are elected to seNe for a period of one year after which they must be re-elected at the next Annual General Meeting. The management committee seek to recrult trustees who will have the knowledge and experlence to assist the charity. The Directors offer themselves for re-election at the AGM. Trustee Induction and Training New trustees undergo an orientation day to brief them on their legal obliEations under charity and company law, the Charity Commission guldance on public benefit, and inform them of the content of the Memorandum and Articles of Association, the committee and decision making process, the business plan and recent financial performance of the charity. During the induction day they meet key employees and other trustees. Trustees are encouraged to attend appropriate external training events where these wil I facilitate the undertaking of their role.
SWINEMOOR CHRISTIAN TRUST TRUSTEES, ANNUAL REPORT {INCLUDING DIRECTORS, REPORT) Icontinued) FOR THE YEAR ENDED 31 DECEMBER 2024 Reference and Administrative details Charity name Registered charity number Company registration number Registered offlce: Swinemoor Chr15tlan Trust 1109422 05296397 7 Samman Road Beverley East Yorkshire HU17 OBS Directors and Trustees The directors of the company are it's trustees for the purposes of charity law. The trustees and officers serving during the year and since the year end were: J T Beevor5 J Beevors S Edwards S Merryweather Director and Chair Director Director Di rector Other officer5 who are not Directors Y L South Treasurer re-appolnted at AGM T Green Shop Manager The management committee seek to ensure that the needs of thls group are appropriately satisfied through the diversity of the trustee body. The number of trustees shall not be less than three (unless otherwise determined by ordinary resolution) and shall not be subjected to any maximum. The charity Shall hold an annual general meeting each year in addition to any other meetings as agreed by the trustees. Declarations The company has taken advantage of the small companies, exemption in preparing their report. The trustees declare that they have approved the trustees, report (including directors, report}. Signed on behalf of the charitiy's trustees/directors Slgnature Full name John Beevors Positlon Chairperson Date
INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS Report to the t1115te8slmembers of the Swin8moor Christian Tru8l on the accounts for the year ended 31st December 2024 set out on pages 6 to 10. RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER The charity's trustees (who ar& al80 the directors of the company for th& purposes of company law) are responsibl8 for the preparation of the accounts. The Charrty's trustees consider that 8 audit is not required for this year und8r seclion 144121 of the Charites Act 2011 (the 2011 Act) and that an independent examination is needed. Having satisfied myself that the charity is not subject to an audit under Part 16 of the Companies Act 2006 and is èligible for independent examination, it is my responsibility to.. Examine th8 account8 under s8clion 145 of the 2011 Act Tc follow the procedures laid down in the General Directors given by the Charity Commission under section 145(51{b) of the 2011 Act, and To state whether particular matters have come to my attention BASIS OF INDEPENDENT EXAMINER'S REPORT My examination was carried out in accordance with the g8neral directions given by th8 Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. 11 also includes consideration of any unusual item5 or disclosures in Ihe accounts, and seeking explanations from the truslees conc8rning any such matters. The procedures undertaken do not provide 811 the eviden that would be required in an audit and consequently no opinion is giv as to whether the accounts present a 'tnJe and fair view, and the report is limited to those matters s8t out in the stat&ment below. INDEPENDENT EXAMINER'S STATEMENT In the course of my examination, no matter has come lo my attention: (11 which give8 me a r&asonable cause to believe Ihat, in any material raspect, the Irustees have not met the requirements to ensure Ihat: proper accounting records are kept in accordance with sectlon 386 of Ihe Companies Acl 2006.'and accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Companies 2006 Act and with Ihe methods and principles of the Statement of Recommended Practice.. Accounting and Reporting by Charilies (revised 201 S) hav& not been meet., or (2) to which, in my opinion, attention should be drawn Sn order to enable a proper understanding of the accounts to be reached. Slephen D S Baker Westlands Accou nts Chartered Aoco ntants Mcmillan House 6 Wolfreton Drive Anlaby HU10 7BY Date 4L MAtL
SWINEMOOR CHRISTIAN TRUST STATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 General Restricted Total Fund5 Funds Funds 2023 Total Funds Notes Income from Income from Charltable attivities I nterest 27,347 27,347 28,408 249 27,347 27,347 28,657 Espenditure on: Charitable expenses 21,830 21,830 19,626 Other 2,302 2,302 1,762 24,132 24,132 21,388 Net Income/Expenditure 3,215 3,215 7,269 Funds brought forward 98,714 98,714 91,445 Funds carried forward 101,929 101,929 98,714
SWINEMOOR CHRISTIAN TRUST BALANCE SHEEr FOR THE YEAR ENDED 31 DECEMBER 2024 2024 20Z3 Notes FIXED ASss Leasehold assets 49,714 50,266 49,714 50,266 CURRENT Debtors Cash at bank and In hand 330 48,785 52,844 52,844 49,115 CREDITORS Amounts falling due within one year io 629 667 NET CURRENT ASSETS 52,215 48,448 TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS 101,929 101929 98,714 98,714 FUNDS General restricted funds TOTAL FUNDS 11 101.929 98.714 101929 The company is entltled to exemption from audit under section 477 of the Companies Act 2006 for the year ended 31 December 2024 The directors have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with section 476 of the Companies Act 2006. The dlrectors acknowledge their responsibilites for: iai ensuring that the company keeps accounting recoru5 wnicn comply witn Sections SISb ana or the Companies Act 2006 and Ibl preparing financial Statements which Elve a true and falr view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and whlch otherwise comply with the requirements of the Companies Act 2006 relatlng to financial statements, so far as applicable to the company. The financial statements have been prepared In accordance with the provislons applicable to companies subject to the small companies regime. Approved by the Trustees Signature J T Beevors Date 6,-0+,-262 The notes on pages 8 to 10 form part of these accounts
SWINEMOOR CHRISTIAN TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 I ACCOUNTING POLICIES Basls of preparing the flnanclal statements These financial statements have been prepared in accordance with the Financial Reportlng stsndard 102, "The Flnancial Reporting Standard applicable in the UK and Republic of Ireland" including provisions of Section IA Small Entities and the Companies Act 2006. The financial statements have been prepared under the hlstorical cost convention. Turnover Turnover is measured at the fair value of the consideration received or receivable, excluding taxes, Tangible fixed assets. Tangible fixed assets are init1311y measured at cost and subsequently measured at cost or revaluation, net of depreciation and any impairment losses. Depreciation 15 provided at the following annual rates In order to write off each asset over its estimated usef ul life. Leasehold 1% straight li ne 2 LEGAL STATUS OF THE CHARITY The charity is a company limited by guarantee and has no share capital. The liabilty of each director is limited to £10. 3 EMPLOYEES The number of part tlme employees during the year was: 2024 2023 Support Analysis of Staff costs and trustee expenses 2024 16,977 1,064 18,041 2023 15,564 1,030 16,594 Salary and wages HMRC payments No employees had emoluments in excess of £60,000. The charity trustees were not paid or received any benefits in the year. Neither were they reirnbursed expenses during the year. No charity trustee received payment for the professional or other services supplled to the charlty. 4 GOVERNMENTGRANTS The charity received no Government grants during the year 12023 - £nil)
SWINEMOOR CHRISTIAN TRUST NOTES TO ThE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 20241continued) 5 OPERATING SURPLUS The operating surplus is stated after charging . 2024 2023 Depreciation- owned assets 552 552 6 TANGIBLE FIXED ASSETS Lease COST At 1st January 2024 and 31st December 2024 55,200 DEPRECIATION At 1st January 2024 Charge for year At 31st December 2024 4,934 552 5,486 NET BOOK VALUE At 31st December 2024 At 31st December 2023 50,266 7 PAYMENT TO TRUSTEES No payment5 were made to Trustees in the year. (2023 - £nll) 8 DEBTORS 2024 2023 Recycled goods 330 9 CASH AT BANK 2024 2023 Barclays cheque Klngdom Bank Kingdom Bank Natwest Bank Cash in hand 43,086 30,775 4,118 17,789 162 52,844 4,069 1,630 48,785
SWINEMOOR CHRISTIAN TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 20241contlnued) 10 CREDITORS amounts falling due within one year; PAYE Boolikeeping Water Independent Examiner 2024 2023 269 200 257 200 60 150 667 160 629 11 ANALYSIS IN MOVEMENT IN FUNDS B/fvid Incomlng Outgolng clfwd 98,714 27,347 24,132 101,929 General Restricted 98,714 27,347 24,132 101,929 General fund To be used at the discretion of the trustees in order to conti n ue to deliver its overall Charities Objectives. 10
SWINEMOOR CHRISTIAN TRUST DETAILED STATEMENT OF INCOME AND EXPENDITURE FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 TURNOVER Shop Takings Recycled goods I nterest 25,619 904 824 27,011 1,397 249 27,347 28,657 EXPENOITURE Premises costs Garage Rent Electric Water ERYC Rates Ground rent Repairs 585 1,724 250 247 io 87 572 1,200 222 143 2,903 395 2,532 Finance costs Administratlve costs Wages & HMRC Accountantlbookkeeping KCOM Telephone Waste Gifts and donations Insurance Depreciation Sundries Companies House 18,041 370 198 688 700 320 552 326 34 16,594 350 182 318 250 264 552 333 13 21,229 18,856 Total expendlture 24,132 21,388 Net incomelexpenditure 3,215 7,269 This page does not form part of the statutory financial statements li