THE BEACON WHITCHURCH LIMITED A Company Limlted by Guarantee ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Company No. 06587579 {England and Wales) Registered Charlty No. 1124740
THE BEACON WHITCHURCH LIMITED COMPANY INFORMATION Dlrectors Dr J Muir Mr K Holland Mr R Smallwo(Ml Dr D Williams Mr D Seager - Leader Hon. Treasurer Trustees Dr J Muir Mrs L Chapman Mr K Holland Mr D Seag8r Mr R Smallwood Dr D Williams Chair Appointed 14th June 2023 Resigned 14th June 2023 Eldershlp Toam Dr J Mulr Mr K Holland Dr D Willlams Mr A Chapman Company Number 06587579 {England and Wal8sI Charlty Number 1124740 Reglsterod Offlce S Walefgale Street Whilchurch Shropshire SY13 1DW Offlce Locatlon 5 Walergale Street Whilchurch Shropshir8 SY13 10W Princlpal Moetlng Place 5 Walergale Slreet Whilchurch Shropshi SY13 10W A¢countants James. Holyoak & Parker Limited 1 Knight's Court Archers Way Balllefield Enterprise Park Shrewsbury Shropshir8 SY13GA Bankers ds Banking Group 1 Pride Hill Shrewsbury Shropshire SY1 10G
THE BEACON WHITCHURCH LIMITED CONTENTS Page Tru31e85' R8POrt Independent Examinels Report 10 Slalement of Hnan¢ial A¢tivities 11 Balance Sh88t 12 Notes lo tho Accounts 13-18
THE BEACON WHCHURCH LIMITED TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The directors and trustees of the charily present thair rew)rt with Ihe financial statam8nts of the charity for the year ended 31 March 2024. The trustees COTEfirm that the annual report and the financial slalement5 of the charilable company comply with current slalulory requirements, Ihe requirements of the chaiilabl6 company's governing docum8nl and the provisions of the Slalemenl of ReCnMended Prdclic8 (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102118ffeclive 1 January 20191. Charlty Informatlon Thfj Beacon Whilchurch Limlled Is a regis18r8d charity and private company with no Issued Share capital, incorporated in England and Wales. Tha registered office Is 5 WatE>rgal8 Slfeet. Whilchurch. Shropshire, SY13 10W. The wislered company numb6r is 06587579 {England & Wales), and the registered charity number is 1124740. TrusteeslDir8Ctors The dlreclors and trus1888 who held offlce during the year and up lo the dale of signature of the finandal statements were as fgllows.. Directors.. Dr J Muir Mr K Holland Mr R Smallwood Dr D Willlams Mr D S8ag8r Leader Hon. Treasurar Trus18es.' Dr J Mulr Mrs L Chapman Mr K Holland Mr D Seager Dr O Williams Chair Eldershlp Team Tha initial Elders, Dr J Muir and Mr K Holland, were appointed on 3rd April, 2011 when the Beacon Church b8c8m8 a fully autonomous church having been 'planled' from Barnab8s Community Church in Shrewsbury four years earller. Dr D Williams was appoinl8d on 30th April 2017 and Mr Glyn Chapman on 15th September 2019. Together they are responsible for the splrltual dlreGlion of the church, for ils day lo day running and for delegating r8sponsibili1185 to olh8rs within the church with regard lo areas of the church's ministry. Recrultment and Appolntment of L¢adorship Team Historically the Elders of the Beacon Church (The B8acon Whilchurch Lldl have also been Ihe Directors of the Ilmited company and Trustees of Iha Charily. As idenllfied in previous years. wo are in gradual process lo broaden the 16adershlp slruclure and bring on board people as Directors and Trustees with a more varied skill sel lo enhance the way in which the Church Is run and lo establish greater accounlabillly within the overall team. There continues lo be a group of 'departmenlal leaders, appoin18d from lime lo Ilme by the Elders to share in th8 responsibility of managing the day-lo- day operations of the church under their guid8nce. Their responsibilities relate lo children, youth, worship, small groups including our mld-week fellowship groups. prayer minlslry. pastoral care, publicity. catering and safeguarding. Howev8r, thè Elders are $8ekir)g lo develop a 'core leadership le8m' in der to further establish a wider group of peoplo.. this may incorporate some who curranlly hold the rM)silion of'departmènlal leadBrs'. The EldBrs recognise that tha key ingr8di8nt Is tho personal strengths and skills of the indiMdu8ls involv8d and Iha calling God has placed on their lives. Trustees Appolntment, Indu¢tion and Tralning All of the Irusl8es are aware of the Ilteralure and updates provided by the Charities Commission. Govemlng document The charily is consliluled as a company Ilmited by guarantee, and is therefore governed by a Memorandum and Articles of Association. which was approved on 8th May 2008. Aims and Purpose 1. To delight in God and worship Him 2. To become all that Christ wants us to be 3. To bring hope and restoralion lo 8v8ryone in our community 4. To fulfil the great commis5ii)n and so hasten Christ's relurn
THE BEACON WHITCHURCH LIMITED TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Our vision continues to b8 Ihat '¢hurch' should operate on Ihree levels or'liers,: firstly as a 'cell' in small Connect Groups meeting during th6 week for fellowship. leaching. prayer. encourageffl8nt and development of our God-given gifts,. s@condly as a 'congregalion' meeting on Sundays to further develop gifting, lo worship together and lo reach oul lo the community,. and thirdly, periodically, in a 'celebration' ma81ing together wlh other churches in our region lo encour2g6 each other, and also al festivals and conferences. Afi three 'ingredients' have again been evid8nt in the year undgr review. Th6 Purpos8, Values and Vision stalemenls are routinely communicated lo new p8ople joining Beacon Church in order that we might have a shared vision going foard. Oble¢tlvos and Activities.. Hlstory Beacon Church was launched on 27th April. 2008 following a period of s8veral years during which a weekly 'Cell Group, had mel in Whilchurch lo bring together 8 Sufficient number of like-minded Christian pèopl8 lo make the launch praclically posslble. Worshlp, Study and Prayer Weekly worship services have continued al our n8w premlses through1 the year under revlew. During the yaar we have been dolvJhled lo welcome a number of new p6ople lo our Sunday $eNic8s. some taking lh8 opportunity lo relire lo our area of Shropshir8 and also many people from olher nations who ar8 working in the area, primarlly In the car8 sector. As a result we have become a broad mulli-81hnic congregalion of God's people. 11 has bean a joy lo welcome these new folk and to b8r18fil from their Chrlslian and cultural experiences. Congregations now regularly exceed 80 of all ages. M8ny of the talks given during our services are recorded and upload8d lo our Facebook and You Tube Ghannels where those who aro unable lo allend can listen. 88acon Church no longer has a formal meMbehIp on the basis Ihal all Chrlslians are part of One 8cK3y in Chrlsl. We continue lo encourage Ihosa who are new lo th6 church lo allend our'lnlroducllon to Bea¢on' course which sets out our beliefs, values and vision and then lo decide whether or not lo become parl of the Family which is Beacon Church. We Welcome all who wish lo express their commltment lo the life and work of 8eacon Church. The Beacon Church family, as defined as those who have made 8 commitment to the church. cuffenlly axtends lo approxlm8lely 85. 178 In membership In 2023). Once again two Alpha Courses have been held during lh8 past year at our Walerga18 Centre which have Included 8 simple pre-prepared meal for Ihose partlcipaling. The 'delivery formav has changed In order to mak8 the initial mmllmenl less daunting: the course 15 run in two halves rather than in block and our experiencg has been that m051 p8opI8 wish to conllnue lo tha end of the second Iranch of se88M)ns. We s88k lo mvJrat& these atlBnde88 into olhor groups and aclivi118s within the Church. Our mid-week Connect Gmup5 - small groups meeting in individual's IrneS conlinue on a we@kly basls. Two daylime groups and threa evening groups hav6 met during the ¢urrenl year. We are most grateful to those who offer hospllality In their own homes lo facilllale these group. Powerhouse ~ our manlhly evening m081ing for worship, piaise and prayer - has conlinu@d throughout the perSod undor r8view. 11 provides an opportunity for people lo worship God more freely than is som81imes possible within the structure of regular morning services which are designed lo be more 'visilor friendly. The evening prayer iniliatNe on Zoom prayer meetings which began during Covid - has continuad on Monday and Fridays evenings throughout the year. This has again particularly benefilted thos8 who are 'carers' lo remain in contact wilhoul having lo make alternative arrangements for their spouse. We continue lo assert that we s68 prayer as tho petrol that fuels the motor that is the church. Ov8r the past twelve month5 a new prayer Initiative has begun on Monday mornings in our Walergale Centre fo¢ussed largely on the needs of the worfdwide Chrislian community, 8specially Ihose subjected lo persecution for their fallh.
THE BEACON WHITCHURCH LIMITED TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Volunteers The four Elders operate wholly in a voluntary capacity- Anything up lo 20 people are involved in almost all of our Sunday services working in varying capacities such as childrenlyouth. refreshments, welcoming, leading sung worship, speaking, reading and so on. Al of our acliwlies. our mid-week Connect Groups. our youth aclivilas and outreach evants are totally rolianl on the gimng of voluntary tilTt8 and energy by the church family. We are so gfaleful lo each and &v8ry one of them. Plans for future perlods Work on alleralions lo our new Watefgale property will continue in as quick a lime frame as possib18. Some of this Work will ba undertaken by our own volunteers bul more extensiva projects will continue to be undertaken by professionals. The speed of that work will be diclaled by our abilily lo altracl grants and olher giving slreams. As that work is Completed, we hope lo Inlroduce further additional progr8mm8S to 'connecV wilh Ihe people of Whitchurch in 8vary way that w8 Gan. 11 is now sixlo&n ygars sinc8 Beacon Church was established in Whilchurch. We want lo continue lo build th6 church and lo reach out into the town and surrounding ar6as and lo have a greater impact for Jesus Christ in the community ol Whitchurch. As more work is done on our premises and Ihey appear more 'altraclive' we want lo introduc8 further groups and programmes to help in our communbity, to provide space for Othe to Work and offer servi¢e8, and to encourage more professionals to meet with their clients 81 Wal8rgale. Risk Managem8nt The Eldars and Trustees continue lo monitor and revise risk assessments wlh regard lo our activities. A rigorous Safeguarding Policy is in force, and all personnel working wilh children land should the need arise. vulnerable dulls) are approved subject lo DBS check5. Th8 Trus188s are updating all our policies lo ensure they are robust and me81 our18gal responsibili1188 adequately. There have been no significant incidenls requiring lo be r8POrted In Ihe year under review. Related Partles The 8ea¢on Church is an autonomous body. 11 is a momber of Cls1central Shropshire (made up of the four Newfron118rs churches in th8 County) which ils81f is part of ChrFsICentral ijniling Ihe N8wfronllers churches silualed from the Midlands lo Scotland and some overseas Counlries. These links are particulady useful in terms of the support and encouragement they offer tho Eldership team. There are, however, no legal or financial ¢ommilmenls eilhar way.
THE 8EACON WHITCHURCH LIMITED TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENOED 31 MARCH 2024 Statemènt of trustees. responslbilities The Iruslees are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and Unlled Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice}. The Direclors are responsible for The Beacon Whilchurch Limited for th8 purposes of company law. Company law requires the Iruslees to prepare finaricial slalements for each financial year, which give a true and fair viéw of the slate of affairs of Ihg charltable company and of Ihe incoming resources and applicatlon of resources, Inclding Ihe incomo and exp6ndilure, of the charitable company for that period. In preparing these financial slalements, the Iruslees are r8quir8d to.. S81ect suilable accounting p)IleS and then apply them cfjnsislently- • observe the methods and principles in the Charities SORP.. • maka judgemants and estimates that aro reasonable and prudenl: slatè whether applicable UK Accounting Slandards have been followed, subject lo any material departures disclosed and explain8d in the financial slalemenls., pr8par8 the financial slalemenls an the going concem basis unsS 11 is inappropriate to presume that the charitable company will continue in operation. Th6 Iruslees ar8 responsibl8 for keeping adequate a¢¢ounting records Ihal dlsclose wlh reasonable accuracy al any lime th8 financial position of the charitable company and enable Iham lo en8ur6 that the financial slalemen15 comply with Ihe Companies Act 2006. They are also responsible for saf8gu8rding the assels of the charitable company and h8nc8 for taking reasonable st8ps for the prevenllon and d8lection of fraud and other irregularilies. In so far as the trustees are awar8: Ihore Is no relevant aceounllng Information ol whl¢h the charilable company's indèp8ndenl examiner fs the truste6s have taken all steps that they ought to have taken to make Ihemselv8s awar8 of any ielevant accounting informatlon 2nd to establish that the Independenl examiner is aware of that information, Approved by order of the board ol Iruslees on 10 June 2024. and signed on ils behalf by= R Sm8llwood Director Rycr
THE BEACON WHITCHURCH LIMITED INDEPENDENT EXAMINER'S REPORT TO THE MEMBERSITRUSTEES OF THE BEACON WHITCHURCH LIMITED I r8POrt lo the charity twstees on my examinalion of the accounts of the company for the year ended 31 March 2024 whlch are sel out on pages 11 to 18. Responslbllltles and basls of r9POrt As the charity trustees of the company land also ils directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with thé requirements of the Companies Acl 2006 ('Ihe 2006 Acl'l. Having salisfled myself that the accounts of the company are not reqLtired lo be audited under Part 16 of the 2006 Act and are eligSble for independenl examination, I report in respecl of my examination of your company's accounts as carried out under section 145 of the Charities Act 2011 {'Ihe 2011 Act'l. In carrying out my examination I have followed the Direcllons given by the Charity Commission under section 145(5llb) of Ihe 2011 Act. Independent examlner's statement I have Completed my examination. I confimi that no matters have com8 to my allention in connection with the examlnalion giving me cause lo bellev6 that in any material respe¢t- accounling records were not kept in respect of the Company as required by section 386 of the 2006 Act,. or 2. the accounts do not accord with those records,. or 3. lh6 accounts do not comply wilh the accounting requirements of $8clion 396 of tho 2006 Act other Ihan any requirement th81 the accounts glve a 'lrue and fair wew, which is not a maller considered as part of an Indopendenl examination., or 4. the accounts have not been prepared in accordance wlh the methods and princlpl89 of the Slalemenl of Recommended Practic8 for accounting and reporting by charities applicable lo chari116s prgparing their accounts In accordance with the Flnancial Reportlng Standard applicable in the UK and Republic of Ireland {FRS 1021. I have no concerns and have come a¢ross no other matters In connecllon with the examlnation lo whlch attention should be drawn in this report in order lo enable a proper understanding of the accounts to b& reached. Robert Humphreys BEng FCA James, Holyoak and Parker Limlled 1 Knights Court Archers Way Balllefield Enterprise Park Shrewsbury Shropshire SY13GA Dated: 10 June 2024 -10-
THE BEACON WHITCHURCH LIMITED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 Summary Income and Expenditure Account Total 2024 Total 2023 Notes Restricted Unrestrlcled In¢ome from: Donalions & lega¢i8s 59,589 75.944 135.533 174,507 Income from charitable aclivili8s 6.810 6,810 2,320 Olh8r income 9,858 9,858 3,492 Total Incoming rgsourcos 59.589 92,612 152.201 180,319 Expondlture on: Charitable acllvilies (56,564) (69,777) {126,341} {188,063) Transfers belwèèn fund$ 20 (621 62 Nel Incomel(expenditur•l and net movoment In funds 2,963 22,897 25.860 17,744) Reconclliation of funds: Total funds brought forward 20 910 299,000 299,910 307,654 Total funds carried fomard 20 3,873 321,897 325,770 299,910 The Slalement of Flnancial Aclivi118s includes details of all galns and losses recognised Sn the year, All Income and expenditure derives from continuing activities. -11-
THE BEACON WHITCHURCH LIMITED BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Notes Flxed assots Tangible assels 15 389.926 390,896 Current assets DebloT5 Cash at bank and in hand 16 4.840 72,911 77,751 9.769 54,962 64,731 Credltors: amounts falllng duè withln one year 17 8,592 7,843 Creditors: amounts falllng due after on¢ year 18 133,315 147,874 Net current assets 64.156 90.988 Not assets 325,770 299,910 Charlty funds Unreslri¢led funds Reslri¢led funds 321,897 3,873 299,000 910 20 325,770 299,910 For Ihe year ending 31 March 2024 the company was entitled lo exemplion from audlt under section 477 of the Compani88 Act 2006 relating lo small companles. Dire¢tors' responsibili118S'. • The members have not required Ihe company lo obtain an audit of its accounts for the year In question In accordance with section 476., • The dlroclors 8eknowledge their responsibilities for complying wilh tho requirements of the Act vAlh r8SP8Ct ta accounting records and the preparation of acunts. Th8 financial slalemenls war8 approved and authorised for issu8 by Ihe Board of Trustees on 10 June 2024 and signed on ils behalf by.. J Muir Dlrèctor and Trustee K Holland Director and Trusteo The notes on pages 13 10 18 form part of Ihese flnancial slatem8ntS. Company Regislralion Number.. 06587579 (EnglaThJ & Wales) -12-
THE BEACON WHITCHURCH LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Summary of significant accountlng pollcies 1.1 General information and basls of preparatlon The Beacon Whitchurch Limit6d is a Private company limited by guarantee. and a registered charity ITI England and Wales The company number is 06587579 (England & Wales), and the registered charily number is 1124750. In the event of th8 charity being wound up, the liabilily in respect of the guarantee is limited lo £1 per member of Ihe charity. The address of the registered offic8 is 5 Walergale Street, Whilchurch, Shropshire, SY13 1 DW. The nalure of Ihe charity's op8ralions and prlncipal aclivtlies ar8 Ihal of Ihe advancement of the Christian Faith. The charily ¢onslilLJl6s a public benefit entity as defined by FRS 102. The financial slal8m8nts have been prepared in accordance with Auounling and Reporting by Charllles.. Slal8menl of Recommended Practice applicablo lo charities preparing Ihelr aceounls in accordance wlh Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021, th8 Charities Acl 2011 and Ihe Companies Act 2006. The financial statements are prepared on a going concern basis under tha historical cost convention, modlfied lo includa certain items at fair value. Th8 financial slalements are pres8nt8d in starling which is the functional curr6ncy of th8 charity. The slgnificanl accounting policies applied in the preparation of Ih8S8 fin8nclal slalemenls are sel out below. These policies have b8en conslstently applied to all years pr8sented unless othe1$8 sla18d, 1.2 Funds UnreslrJ¢led funds are avallable for use al the di$¢relion of lh8 Irusle8s In furtherance of the general oble¢lives of the charity and whl¢h have not been designated for olher purposes. Designated funds comprise unreslricled funds that have been sel aside by the Iru51ees for particular purp0888. Reslricled funds are funds which are lo ba used in accordance with speciflc r8slriclions impos8d by donors or whlch have b8en rai58d by th8 charlly for particular purposes. The cost of raising and adminisleilrvJ such lunds ar8 charged against the specific fund. 1.3 Income recognitlon All incoming resources are includ8d in the Sl8temenl of Financial Activllies ISOFAI when th8 charity is legally enlilled lo the income after any perfomianc8 conditions h8va been m81. the amount can be measured reliably and il is probablo Ihal the in¢ome will be received. Voluntary income is rec81V8d by way of grants. donations and gifts, and is included in full in the Statement of Financi81 Affairs when receivable. Grants, where enlillemenl is not conditional on the delivery of a speclflc parformance by the charity, are recognised when the charity become5 unconditionally 8nli118d to the granl. Investment income is Included as it b8m&S r8ceivable. 1.4 Expendllure recognltlon All expenditure is accounted for ori an rual$ basis and has be8n classified under heading5 Ih8t aggregate all costs related lo the category. Expenditure is recognised where there is a legal or constructive obligation lo make payments lo Ihird parties, il is probable Ihal the selllemenl will be required and the amount of the obligation can ba measurgd r81iably. Expenditure comprises those c051s incurred by the charity in the d81iv8ry of Its acllvltles and seNic8s for ils bèneflclarles. -13-
THE BEACON WHITCHURCH LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 1.5 Tangible flxed assots Tanglble fixed assets are slated al cost lor deemed costl or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs direcuy allribul8bl8 to making the asset capabl8 of operating as intended. Depreciation is provided on all tangible fixed assets, al rates calculated lo write off the ¢08t, less estimated residual value, of each assel on a systematic basis over ils 8xp8cled useful life as follows: Freehold property Equipmenl Not depreciated 25% on 8 slraight line basis Freehold property Is not depr8cialed as the dlreclors (x)nsidar the market value of the property to b8 no less Ih8n the hislorlc cosl, and that lo deprociate the property would not be appropriat8. 1.6 Tax The charlly Is an 8xempl charity within the meaning of schedule 3 of tha Charities Act 2011 and is considored to pass th8 lesls sel out In Paragraph 1 Schedule 6 Finance Act 2010 and therefore il meets the definllion of a charitable company for UK corporalion lax purposes. 1.7 Golng Concgrn The financial statements have bogn prepared on a golng concem basis as the Iruslees believe Ihal no malerlal uncertainlles exisl. The Iruslees have considered the lev61 of funds held and the 8xpecl8d lev81 of income and expenditur6 for 12 months from aulhorising these financial slalemenls. The budgeted income and expenditure Is sufficient with Ihe lev61 of reseNes for the ¢harily to be able lo continue as a going concem. -14-
THE BEACON WHITCHURCH LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Income from donatlons and legacles Total 2024 Total 2023 Restrl¢ted Unrestrlcted Gifts under Gift Aid Tax reclaimed un(Jer Gift Aid Sunday Offerings Sunday Offerings under GADS Sunday Offerings reclaimed under GADS Donations not subject lo Gifl Aid Grants received 35.043 8.761 42,956 10,799 77,999 19,560 106,204 26.530 200 2.225 556 38,792 30 1,695 424 20,070 1,725 431 31,318 4,5(KJ 11.248 4.500 59.589 75,944 135.533 Total 2024 174,507 Total 2023 Income from ¢harltabl¢ a¢tlvllle8 Restricted UnrostrScted Refreshmenl income from events Silver Din6r8 Easter Exlravaganz8 Quiz Nights Buzzy Beas Church Away Weekend Sallmine Chrlslmas production Blackberry Falr Christmas Lights SICh-On Alpha Peaced Together Connect for You Sundry items 125 264 464 120 4,622 607 315 289 125 264 464 120 4,622 607 315 289 1,301 399 40 78 18 6,810 6,810 Total 2024 2,320 Total 2023 Other income R8strlcted Unrestrlcted Rents I storage for Centre use Sale of recyclable malarlals Sundry items Inleresl received on cash deposits 8,410 716 162 570 8.410 716 162 570 2,387 983 122 9,858 9,858 Total 2024 3,492 Total 2023 Analysls of expendlture on charltable activities Restrlcted Unrestrlcted Note Costs dlr8Ctly allocatad to actSvltlos Property expenses Services expenses Oulreach expenses General axpenses Glving expanses Renovalions 5 Watergate Slreet Depreciatio 1.200 42,255 1,631 8,034 8,337 8.550 43,455 1,631 8,047 8,457 8.550 55.231 970 28,350 2,022 4,508 5,590 14,484 131.857 1,252 13 120 10 11 12 55,231 970 56.564 69.777 126,341 Total 2024 188,063 Total 2023 Analysls of property expenses Restricted Unrestricted Note Mortgage interest Repairs and equipment Rale8 and SeICe8 Salary costs Cleaning stationery etc. Sundries 9,802 752 8,432 21,295 612 1,046 316 9,802 752 9,632 21,295 612 1,046 316 9.258 156 10.952 4,273 2,588 1,019 104 14 1.200 42,255 43,455 28,350 -15-
THE BEACON WHITCHURCH LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Analysls of s6rvlcgs oxp8nses Total 2024 Total 2023 Reslrlctod Unrestrlcled Speaker expensos l aids to worshlp Tfainlng costs Training resourc8S 625 1,006 625 1,006 688 1,334 1,631 1,631 2.022 Analysis of outreach expènses Total 2024 Total 2023 Restrlcted Unrestrlcted Publicity and advertisirLq Youth and childrorss, work Easter aclivily evenls Connect for You Buzzy Beas, Ladles and Men's Groups Activllles Walcom8 I Warffl Space Theatre production expenses Alpha 8xpenses Quiz Nights Church W8ekend Away Jubilee Tea Churchès Togelh8r and Christian Aid CAP Courso Materials Blackberry Fair Christmas Llghls Switch-on Chrisllan Literature lo give away Televlslon Lic8ncg 327 239 146 51 187 89 327 239 146 51 1a7 89 13 1,319 158 450 4,684 1,051 163 146 85 13 1.319 158 450 4,684 1,524 826 236 150 35 188 188 27 10 27 10 133 159 159 159 13 8,034 8.047 4,508 Analysls of general expenses Total 2024 Total 2023 Restricted Unrestrlcted Refreshments Equipment elc. L8gal costs l insurance I music licences Safeguarding costs A¢counlancy cos15 Church Fleeces and polos Fundraising costs Sundry expenses 120 469 646 3.995 302 330 58g 646 3,995 302 330 228 423 3.618 330 300 444 2.400 195 2,400 195 247 120 8,337 8,457 5,590 10. Analysls of giving expenses Total 2024 Total 2023 Restrlctad UnrestrlGted Church lilhes paid lo missions 8.550 8,550 14,484 8.550 8,550 14.484 11. Walergate Streot Total 2024 Total 2023 Restrlcted Unrestrleted Renovallons and improvements 55.231 55,231 131,857 55.231 55,231 131,857 -16-
THE BEACON WHITCHURCH LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 12. Nat dèficlt for the year 2024 2023 Nel deficit is slated after charglng.. Depr8cialion of tangible fixed assels owned by the tharily 970 1,252 13. Tru$tees' and key management peT50nn81 remuneratlon and expenses No ramuneralion was pald to trustees or key management parsonnel dur(ng the year. Durtng Ihe period, re-imbursement of expenses lo the Irus18es lolalled £7.319 12023.. £11,823). These gxpenses related lo items purchased by individuals on behalf of the Chanty primarily for building mal8rials and equipment for the new Walergale Cenlre. The Company has a number of trade accounts for r8gular suppliers bul many item5 remain 'on8-ofP pur¢ha$e$. 14. Staff costs and employee beneflts 2024 2023 Basic salary payments Pension costs {2023 - set-up costs) 20,699 596 3,772 500 21,295 4,272 15. Tanglble fixod assets Freehold Proporly Equipment Total Cost ar valuation: Al 31 March 2023 Additions 388,872 9.048 397,920 Al 31 March 2024 388,872 9,048 397,920 Depr¢¢latlon: Al 31 March 2023 Charge for year 7,024 970 7,024 970 At 31 March 2024 7,994 7,g94 Net book valuè: At 31 March 2023 388,872 2,024 390,896 Al 31 March 2024 388,872 1.054 389,926 16. Debtors 2024 2023 Glft Aid Olher debtors 3,519 1,321 8,210 1,559 4,840 9,769 -17-
THE BEACON WHITCHURCH LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 17. Creditors= amounts falling duty wlthin one year 2024 2023 Other creditors Mortgaga 3,415 5,177 2.315 5,528 8,592 7,843 18. Credltors: amounts falllng due alter one year 2024 2023 Mortgage 133,315 147,874 133.315 147,874 19. Analysls of net assets betweèn tho funds Unrestrlcted Deslgnated funds funds RostrlGled fund Total Fixed assets Nel current assets 389,926 70,854 389.926 64,156 2,825 3,873 319.072 2,825 3,873 325.770 20. Fund recon¢lllatlon Asat 1 Aprll 2023 Expendlture & Asat gainsl{105ses) Transfers 31 March 2024 Incomo Unrestrl¢t8d'. General SerV8 Deslgnatèd funds.. Mission and reli8f 298,492 81,745 (61.2271 62 319,072 508 10,867 8.550 2,825 Total unrestricted funds 299,000 92,612 69,777 62 321,897 Rastrict8d funds.. W8miWelcome Space Projecl Building fund D8voled conf8r8nce bursary Pieced Together Fund 1.500 58.089 (1,3331 (55,2311 167 2,858 586 262 {62) 262 Total reslricled fLFnds 910 59.589 56,S64 62 3,873 Total funds 299,910 152,201 126,341 325,770 Th8 balance maintained on Ihe Designated Fund represents the amunl 58t aside by Ihe charity specifically for the support of ongoing projects. 21. Related party transactlons No material transactions with related parties occurred during the year. other than the re-imbursement of Iruslees, expenses delalled in not8 12. -1&