2024-12-31-accounts - Ignition Gloucestershire

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REGISTERED NUMBER: 05796442 (England and Wales) CHARITY NUMBER: 1115733

DRAFT ACCOUNTS FOR THE TWELVE MONTHS ENDED 31 DECEMBER 2024

(UNAUDITED) FOR

IGNITION GLOUCESTERSHIRE LIMITED

A company limited by guarantee

IGNITION GLOUCESTERSHIRE LIMITED

CONTENTS OF THE ACCOUNTS FOR THE PERIOD ENDED 31 DECEMBER 2024

	Page
Legal and administrative information	3
Report of Trustees	4, 5
Independent Examiner's Report	6
Statement of Financial Activities and Balance Sheet	7
Balance Sheet	8
Notes forming part of Financial Statements	9
Accounting Conventions	10

IGNITION GLOUCESTERSHIRE LIMITED

Legal and Administrative Information

for the period ended 31 December 2024

Constitution

Ignition Gloucestershire Limited is a company limited by guarantee and a registered charity governed by its memorandum and articles of association. The company is private and has no share capital.

Directors and Trustees

The directors of the charitable company are its trustees for the purpose of charity law and throughout this report are collectively referred to as the trustees.

Philip B Coysh Company Secretary

Registered Office

23 Summer Street Stroud GL5 1NX

IGNITION GLOUCESTERSHIRE LIMITED

Draft Report of the Trustees for the period ended 31 December 2024

The trustees are pleased to present their report together with the financial statements of the charity for the period ended 31 December 2024:

In 2024 Ignition Gloucestershire organised a third annual Festival of Wonder, bringing warmth and wonder to the centre of Stroud in the cold winter months. Working alongside the Stroud Centre for Peace & the Arts at St Laurence Church, we explored the theme of Heaven on Earth, offering guests who wished to the opportunity to travel a spiritual pilgrimage through the course of the weekend. We were delighted to welcome over 2500 people of all ages and backgrounds across the 3 days making this a fully inclusive festival which included a highly commended 'relaxed' performance. The provision of as many free shows, performances, workshops, interactive exhibitions, activities and refreshments as possible ensured that those of all economic circumstances could attend with many reporting the lack of financial barrier as one of the best elements of the festival saying they would not have been able to attend without it. The whole weekend would not have been possible with the hard work of over 100 volunteers including the core team and trustees, as well as the support of our funders and incredible international and local artists. We also worked with a number of local schools and youth groups who engaged in creating part of the design for the festival. Perhaps most exciting remains the stories yet to be told as the festival continues to have a deep impact on guests. We have already heard from our festival chaplains and other church leaders that those who engaged at the festival have been seen at Christmas church services as well as others feeling more 'comfortable' coming into a church, and children recalling the excitement of the event. As with all events there is always more to learn and build on and we are already planning another festival for November 2025.

Objects of the charity

(a) to advance the Christian faith in accordance with the Statement of Beliefs in Gloucestershire and in such other parts of the United Kingdom or the world as the directors of the charity (herein called "the trustees") may from time to time think fit and to fulfil such other purposes which are exclusively charitable according to the law of England and Wales and are connected with the charitable work of the charity; (b) to relieve persons who are in conditions of need or hardship or who are aged or sick and to relieve the distress caused thereby in Gloucestershire and in such other parts of the United Kingdom or the world as the trustees may from time to time think fit.

Trustee Responsibilities

Company and charity law applicable to charities in England and Wales requires Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and the surplus or deficit of the charity for that period.

In preparing those financial statements the Trustees have:

selected suitable accounting policies and applied them consistently;
made judgements and estimates that are reasonable and prudent; - stated whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
prepared the financial statements on a going concern basis (unless it is inappropriate to presume that the trust will continue in operation).

The Trustees have overall responsibility for ensuring the charity has an appropriate system of controls, financial and otherwise. They are also responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the detection and prevention of fraud and other irregularities.

This report was approved by the trustees on 14 April 2025 and signed on its behalf by:

P Coysh, Company Secretary

INDEPENDENT EXAMINER’S REPORT

TO THE TRUSTEES OF IGNITION GLOUCESTERSHIRE LIMITED

on the accounts for the year ended 31 December 2024 (Charity number 1115733 Company number 05796442)

I report to the trustees on my examination of the accounts of Ignition Gloucestershire Limited for the year ended 31 December 2024.

Responsibilities and basis of report

As the charity’s trustees of the Company (who are also the directors of the company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).

Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”).

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention which give me cause to believe that:

accounting records were not kept in accordance with section 386 of the Companies Act 2006, or
the accounts do not accord with those records, or
the accounts do not comply with the relevant accounting requirements under section 396 of the 2006 Act, other than any requirement that the accounts should give a ‘true and fair’ view 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 principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. I have no concerns 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.

Clive Malcolm Independent Examiner Broc Hill, Theescombe Amberley GL5 5AZ

IGNITION GLOUCESTERSHIRE LIMITED STATEMENT OF FINANCIAL ACTIVITIES For 12 months ending 31 December 2024

Notes Incoming Resources Voluntary Income 1a / 5b Activities generating funds 1b / 5b Gift Aid 5b Credit Interest Sundry Income 5c Total Incoming Resources Resources expended Charitable activities undertaken directly 5c Raising Funds 5c Sundry Expenditure 5c Governance 5c Total Resources expended Net Movement in funds	Unrestricted Funds to 31-Dec-24 36036.73 3950.00 1766.00 123.61 845.61 42721.95 32603.66 2925.00 845.61 34.00 36408.27 6313.68	Total Funds 12 months to 31-Dec-24 36036.73 3950.00 1766.00 123.61 845.61 42721.95 32603.66 2925.00 845.61 34.00 36408.27 6313.68	Total Funds 12 months to 31-Dec-23 23433.49 5629.66 2018.41 53.74 0.00
			31135.30
			28334.00 0.00 0.00 0.00
			28334.00

			2801.30

IGNITION GLOUCESTERSHIRE LIMITED BALANCE SHEET

BALANCE SHEET
As at 31 December 2024 Tangible Fixed Assets Current Assets Debtors Cash at Bank and in hand Current Liabilities Creditors and Accruals Total Assets less Current Liabilities Balances brought forward Net Movement in funds Unrestricted Funds	Unrestricted 31-Dec-24 0.00 0.00 13312.31 13312.31 0.00 0.00 13312.31 6998.63 6313.68 13312.31	Total Funds 31-Dec-24 0.00 0.00 13312.31 13312.31 0.00 0.00 13312.31 6998.63 6313.68 13312.31	Total Funds 31-Dec-23 0.00 0.00 6998.63
			6998.63
			0.00
			0.00

			6998.63
			4197.33 2801.30
			6998.63

For the period ending 31 December 2024, the company was entitled to exemption from audit under Section 477(2) of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibility for:

Ensuring the company keeps accounting records which comply with Section 396; and
Preparing accounts which give a true and fair view of the state of affairs of the company as at the end of its financial year, and of its profit and loss for the financial year, in accordance with the requirements of Section 393, and which otherwise comply with the requirements of the Companies Act relating to accounts, so far as applicable to the company.

Approved by the Directors on 14 April 2025 and signed on their behalf

Philip Coysh Company Secretary

IGNITION GLOUCESTERSHIRE LIMITED Notes to the Financial Statements

1a Voluntary Income Donations from Churches Donation from individuals Grants 1b Activities Generating Funds Income from events 2 Debtors Sundry debtors 3 Cash at Bank and in hand Bank Current Account Bank Deposit Account 4 Creditors and Accruals Sundry creditors	Unrestricted Funds 31-Dec-24 1650.00 10986.73 23400.00 36036.73 3950.00 3950.00 0.00 0.00 227.14 13085.17 13312.31 0.00 0.00	Total Funds 12 months to 31-Dec-24 1650.00 10986.73 23400.00 36036.73 3950.00 3950.00 0.00 0.00 227.14 13085.17 13312.31 0.00 0.00	Total Funds 12 months to 31-Dec-23 2550.00 9283.49 11600.00
			23433.49
			5629.66
			5629.66
			0.00
			0.00
			87.07 6911.56
			6998.63
			0.00
			0.00

IGNITION GLOUCESTERSHIRE LIMITED

Notes to the Financial Statements

5 Accounting Convention

a For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 (the Act) relating to small companies.
b Income is shown in the Statement of Financial Activities when that income has been received. Income tax relief due on gift aid is shown when the income has been received, though there may be a delay before corresponding tax relief is received.
c Charitable activities undertaken directly' consists of expenditure where the charitable activity is directly incurred by Ignition Gloucestershire. 'Raising Funds' is payments made to the charity's fundraiser. 'Governance' consists of expenditure incurred in the governance of the charity. 'Sundry Income' consists of deposits paid which were later returned; the returned deposits are included under 'Sundry Expenditure'.
d The members 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 Act.
e The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
f The company is private, limited by guarantee and has no share capital.