THE BEACON WHITCHURCH LIMITED A Company Limited by Guarantee ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Company No. 06587579 (England and Wales) Registered Charily No. 1124740
THE BEACON WHITCHURCH LIMITED COMPANY INFORMATION Diractors Dr J Muir Mr K Holland Dr D Williams Mr D Seager Leader Hon. Treasurer Resigned 20th January 2025 Trustees Dr J Muir Mrs L Chapman Mr K Holland Ms R Rudder Mr D Seager Dr D Williams Chair Appointed 11 th February 2025 Resigned 20th January 2025 Eldershlp Team Dr J Muir Mr K Holland Dr D Williams Mr A Chapman Resign8d 20th January 2025 Company Number 06587579 (England and Wales) Charlty Number 1124740 Roglstered Offlce 5 Watergate Stre81 Whitchurch Shropshire SY13 1DW Office Location 5 Watergate Slr8et Whitchurch Shropshire SY13 1DW Prlncipal Moèting Place 5 Walergale Slrael Whitchurch Shropshire SY13 1DW Accountants James, Holyoak & Parker Limited 1 Knight's Court Archers Way Balllefield EnleTprise Park Shrewsbury Shropshire SYI 3GA Bankers Lloyds Banking Group 1 Pride Hill Shrawsbury Shropshire SY1 1DG
THE BEACON WHITCHURCH LIMITED CONTENTS Page Trustees. Report Independent Examinerts R8POrt 10 Slalemenl of Financial Activities 11 Balance Sheet 12 Notes to the Accounts 13-18
THE BEACON WHITCHURCH LIMITED TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 The directors and trustees of the charity present their report with the financial statements of the charity for the year anded 31 March 2025. The trustees confirm that tho annual report and the financial statements of the charitable company Gomply with current statutory requirements. the requirements of the charitable company's goveming document and the provisions of the Statement of Recommended Pr2Cti¢a (SORP) applicable lo charities preparing their accounts in accordance with the Financial Reporting Sland8rd applicable in the UK and Republic of Ireland {FRS1021 (effeotive 1 January 20191. Charity Information The Beacon Whitohurch Limited is a registered charity and private company wilh no issued share capital, incorpora18d in England and Wales. The registered otrice is 5 Walergale Street, Whitchurch, Shropshire, SY13 1DW. The regislared company numb8r is 06587579 (England & Wales), and the registered charity number is 1124740. TrusteèslDlrectors The directors and Iruslees who held offic8 during the year and up lo th8 date of signature of the financial slalements wer8 as follows.. Directors: Dr J Muir Mr K Holland Dr O Williams Mr D Seager Leader Hon. Treasurer Resigned 201h January 2025 Trustees: Dr J Muir Mrs L Chapman Mr K Holliind Ms R Rudder Mr D Seagar Dr D Williams Chair Appointed 11 th February 2025 Resigned 20th January 2025 Eldershlp Toam The initial Eld6rs, Dr J Muir and Mr K Holland, were appointed on 3rd April, 2011 vthen the Beacon Church became a fully autonomous church having been 'plant8d' from Barnabas Community Church in Shr8wsbury four years eailier. Or D Williams was appointed on 30th April 2017 land resigned during the currenl year) and Mr Glyn Chapman on 15th September 2019. Together they are responsible for tho spiritual direction of the church. for ils day lo day running and for de16g8ling responsibilities lo others within the church with regard lo areas of the church's ministry. Rècruitment and Appolntment of Leadershlp Team Historically the Elders of the Beacon Church (The Beacon Whitchurch Ltd) were also Ihe Directors of th8 limited company and Trusle@s of the Charity. The Trustees, who are also the Directors of thé company, now act mor8 independently of the Elders although, clearly, they have a common aim lo ensure Ihe smoolh running of the church and charity. Th8 primary responsibilili6s of the Eldèrs relate lo Ihe spiritual oversight of the church whereas the Trustees and Directors are engaged in the day to day oversight of the charity and its adherance lo legal and slatLttory mallers, and financial well-b8ing. During the year under review the Elders together wth the TrusleeslDireclor8 have identified and appointed a group of eight people lo fom a Leadership Team with responsibilities for various areas of the church's work and outreach. Their responsibiliknes relalo to children. youth, Worship, small groups including our mid-week fellowship groups, prayer ministry, pastoral care. publicity, catering and safeguarding. Tho Elders, Trust885 and Directors recognise that the key ingredient is the personal strengths and skills of the indiwduals involved and th8 calling God has placed on their lives. Trustees Appointmont, Induction and Trainlng All of the Iruslees are aware of the literature and updat8s provided by the Charities Commission. Governing document The charity is conslituled as a company limited by guarantee. and is therefore govemed by a Memorandum and Articles of Associallon. which was approved on 8th May 2008. Alm5 and Purp05e 1. To delight in God and worship Him 2. To become all that Christ wants us to be 3. To bring hope and restoration to everyone in our community 4. To fulfil Ihe great commission and so hasten Christ's retum
THE BEACON WHITCHURCH LIMITED TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Our vision continues lo be that 'church' should operate on three levels or 'tiers': firstly as a 'cell' in small Connect Groups meeting during tho week for fellowship. leaching, prayer, encourag8m6nl and dev81opment of our God-given gifts.. secondly as a 'congregation' meeting on Sundays to further develop gifting, lo worship together and lo reach out lo the community- and thirdly, petiodically, in a 'ce18bralion' meeting logether with other churches in our region to encourage each other, ar)d also at festivals and conferences. All Ihree 'ingredients' have again been evident in Ihe year under revi8w. The Purpose, Values and Vision slatements are routinely communÈcat8d to new people joining Beacon Church in ord8r that we might havè a shared vision going fomard. Objectlves and Activltlès: Hlstory Beacon Church was launched on 27th April, 2008 following a period of several years during which a weekly 'Cell Group, had met in Whitchurch to bring logelher a sufficient number of lik8-minded Christian peopl8 lo make the launch practically possible. Worshlpj Study and Prayer Weekly worship servic88 have conlinu8d at our Walergate Streel premises throughout the year under reviaw. During the year w8 have continued to welcome a number of new people to our Sunday services, some taking the opportunity to retire to our area of Shropshire and, again. péople from other nations who are working in tha area, primarily in tho care sector. We are delighted lo be a broad multi-ethnic congregation of God's paople from all economic and educational backgrounds. and some with mobility ch8llenqes. 11 has been a joy lo welcome thes8 n8W folk and lo b8nafil from their Christian and cultural experiences. Congregations regularty exceed 80 of all ages. Many of the talks glven during our services are recorded and uploaded to our Facebook and You Tube channels where those who are unable lo allend can lislen. Beacon Church has no formal m8mb8rship on Ihe basis that all Christian8 are part of One Body in Christ. We contlnue to encourage thos8 who are new to the ChUh lo att6nd our 'lnlroduction lo Beacon, course which sets oul our beliefs, valu8s and vision and thon lo decide whether or nol to become part of the Family which is 8eacon Church. We welcome all who wish lo express their commilmenl lo Ihe life and work of Beacon Church. The Beacon Church family, as defined as those who have made a commitment lo the church, currently exceeds 100. (85 in membership in 2024). One Alpha course has been held during tha year al our Watergate cent which again includ8d a simple pr6-prepared meal for th088 partlCiP21ing. Onc8 again, the 'delivary formal, was changed in order to make the initial commilm8nt18SS daunting providing lh8 course material in halves ralh8r than in on8 block. As wilh previous courses run in thls format most people wished to continua to the end of the second Iranch of sessions. We se8k lo migrat8 Ihese attendees into other groups and activities within the church. We have be8n excited to seé additional Connect Groups - small groups meeting in indiwdual's hom8s d8velop during this y8ar. As well as groups now meeting within the town. Ihree groups are now based in villag8s around Whitchurch. The groups provide the opportunity to share in fellowship as well as worship. study and prayer. We are most grateful to those who offer hospitality in Ih8ir own homes to facilitate these group. Powerhouse - our monthly evening meeting for worship. praise and prayer - has continued throughout the period under review. 11 provides an opportunity for people lo worship God more freely Ihan is sometimes possiblB Within the structura of regular morning seNices which are designed to be more 'visilor friendlv. The evèning prayer iniliative over Zoom - which began during Covid - has again conlinued thoroughout the year on Monday and Fridays evenings. These meetings remain popular. especially with those who live a distanc8 from Ihe church Cent and with 'carers' who can remain in contact wilhout having io make alternative 8rrangem8nts for their spouse. We continue lo assèrl that we seé prayer as the petrol that fuels the motor that is the church. The Monday morning prayer initiativo. focussed largely on Ihe needs of ihe woddwid8 Christian community - especially thos8 subjected to persecution for their faith - has met at our Watergate Centro throughout Ihe year under revigw.
THE BEACON WHITCHURCH LIMITED TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Social Action Warm (or Welcome) Space - sel up in the autumn of 2022 and initially grew oul of a schem8 by Shropshire Council has continued lo provided a safe and warm place for people from our community to meet together over light rafreshmenls, games, puzzles and social interaclK)n. Many of Ihose who regularly attend would describe themselves as being lon81y and in need of company and although the group is not large il is seen as a valuable asset to those who come. Connect for You designed for adults with aducalional or mobility challenges land their carers if desir8dl has also continued throughout the year and is a Pla where great hilarity is experienced alongside fun, gam8s, and refreshmentsl Buzzy Beas - a group for parents arKI toddlers - has recently celebrated its first birthday and is invariably very busy. As 8nlicipaled, the group is providing opportunities to parenlslcarers lo meet logelher with others experiencing similar challenges and 'growng pains,. It has been a pleasure and privilege to gel to know both the adults and the children as we have fun together. Another successful "Chip 'n Quiz" evening Vds held in th6 autumn. It was good to welcom8 friends from the community as well as our own congregation. Young Paople's Activities 'Bea Club, _ our after-school activity for children aged bets¥een 7 and 11 years has been very w811 atlgnded during th8 current year. Demand is such that we hope lo increase the number of children for whom we can safely cater. Tha Club providas youngsters with craft activities. games. a Bible story and prayer. BYG {Beacon Youth Group) has conlinu8d to meet at Watergate on Friday evenings. For much of year, a small numb8r 8llended but r6cent changes lo th8 programm8 has allracled furthor young peopl8 from our community. Sadly, the fa¢1 that a number of young people have part-lime work after school and at weekends imp6des their commitment to the group. Our Easter Extrav8g8nza event has not fallen within the year under review b8cuase of the way in which E8Ster dales ar8 calculated. Our 2025 evenl was held on 5th April and allhough the number of visitors was again slightly lower, il was a happy and successful oc¢asion whère members of the community were able lo join us for children's craft activitiés and refrashments. Two further proj8cls are und6r consideration.. one is a group for Young Carers arranged and staffed by Shropshire Council. Th6 88cond (again a Shropshire Council initiative) will provide a contact point for homel8ss local p80pI8. SYA (Shropshire Youth Association) have continued lo use our premises one evening a week to run separate groups for iwo age rang8s of children l young people. Misslon and Evangelism oacon Church remains activ8 outside of our own premises al events not nécessarily organised by us: 1. Represéntation at activltles organlsed by other groups: Beacon Church has joined with the congregations of the olher thre8 churches in th8 town in events such as the annual March of Witness through the town centre on Good Friday, the annual town-wide Christmas cardlgraeting distributed around the town, the series of Lent Lunches (all held al our Walorgale Centr81 and joint services to recognis8 special occasions such as the Week of Prayer for Christian Unity and Bibl8 Sunday. 2. Outreach a¢tivitles organlsed and run by our own people: We have again been able to use our premises as a base lo support community activities such as the monthly Artisan Market and the annual 81ackbery Fair and Chrislmas Lighl Switch_on celebrations. 3. Social and general Interest events: In addition to running a monthly Blood Pressure seNice for the general public at our Centre, il has again b60n our privilege to welcome the Hearing Loss volunteers and Social Service aclivili8s for both individua15 and groups such as family group meetings. contact arrangemants and dementia care training_ 4. Alpha and 'Special' Services: An Alpha course has run again as previously reported. It was a pleasure to WelcMe Whitchurch Town Band once again to lead our carols at our annual Caml Service in December {atlended by more than 150 people) and Whilchurch Singers. who use our premises weekely for the rehearsals, have also sang during our communily events.
THE BEACON WHITCHURCH LIMITED TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 5. Watergate Street - known as Watergate Centre: Th8 Beacon Church look ownership of 5 Watergate Street in the heart of Whitchurch in December 2020 during Ihe Covid lockdown. In the year under review. further considerable work on those premises is gradually bringing them up to a high standard facilily both for our own church aclivities and for the wider community. We are seeing the benefits of the improved heating and lighting systems in our energy bills and our reduced carbon footprint . Work will continue inlo the foroseeabl8 future. Whilchurch Men in Sheds hav8 conlinued using rooms on our mezzanine floor as a base for their equipment and workshop mealing at leasl twice a week. Whitchurch Singers (previously menlionad) provides for those with limilod musical ability and yet find great enjoyment and companionship in meeting weekly in school term time Shropshire Youth also meet weekly during term time and wo continue to host a nationally recognised holiday club, Our sole full-lime employee is r8sponsible for openinglclosinglwelcoming at the Cenlre, mBintenance, repairs and cleaning, and also undertaking work in connecb'on with th6 ongoing alterations. W8 also employ a part-lime worker lo lead our Buzzy Beas pre-school club. Ecumenlcal R8latlonships Beacon Church remains part of Churches Together in Whilchurch and we have continued to take a full part in Ioc81 multi. church activities including th8 annual Christian Aid Week collection and the Easter March of Witness, Wa see our partnershlp with Ihe established churches in Ihe town as irnportant io witness to our community. The church ¢ontinues to be r8presented both on the voluntary Manag8ment Committee and bank of help8rs who OP8rale Whitchurch Foodbank. Foodbank seryices ¢onlinua lo b8 in considerable demand and it has been our pleasure lo offer ourselves as a base for frozen food to be collected by Foodbank clients on 8 we8kly basis. Citizens Advice Bureau provid8d Sel¢eS for Foodbank clients using our premises for a shorl lime during the yoar. How our activities deliver publlc benefit Services at Tha Beacon Church are opén lo all members of th8 public vtho are WelcMe 10 attend 8ny of our seNices and aclivllies. It remains our aim that Christians should not Iiansfer from other churches to join us bul rather thal w8 reach out to tho 'un-churched' in Whilchurch and the surrounding areas. Our premises are available for use by nol-for- profit groups within the community. All our outreach activitie8 ara organiséd wilh the non-church-going gèneral public in mind.. w8 try lo rèflect this in our advertising for thes8 events. We are sa8king to d8velop further programmes that will be of benefit to our local community as a whol8, Transa¢tlons and Flnancial Position The Church's financial results and slate of affairs for the period ended 31st March 2025 are summarised in the accounts. At that dale we had accumulated funds of£419.596 of which £586 is l)eld as a bursary fund for mombers and friends attending the Camps and Conferences, £92 to help fund our Ladies Only events, £2,250 held to be disbursed to Cambodia missionaries Abigail and Davey Calko over the next nina months. £6,810 designated for Mission and Relief bul not paid away during the yoar under review, £16.498 held in the Building ReseTV8 for future development work, and, 8XC8plionally this year, £4,661 being held for our friends al Hope Church in North Shrewsbury which was recently closed Pending the winding up of their affairs and closure of their charity. Together this leaves £388,699 by way of general reserves. Th8 Elders consider this to be a salisf8Ctory result for the Church al the end of ils seventeenth accounting period, and provides a basis lo launch inlo 8nolh8r year of grovrth and developmenl. The Elders. however, continue lo be vary awar8 that much of our income is vested in a relatively small number of principle donors, as a result of which ncom8 can flucluale swiftly as members move away lor their circumstances change) and olhers join the church. Whilst no specific actions are raquired th8 Elders are esp8cially aware that the uncertainties surrounding the church's income could quickly Impact our ability lo meet our commitmants lo staff and Ihe repayment of our mortgage. Res8Nes Policy As reported in previous years, our Reserves Poli¢y has been updated with a view to saving money for the Iransfomialion of the first floor of our building to provide additional facililies for ourselves and tho community of Whitchurch. The initial cost of providing access to Ihe firsl floor is considerable and may taka several years to achievo. W8 aro seeking to balance the need to hold Ihis finance with p8ying down our mortgage debt thus saving money in tho longer term.
THE BEACON WHrrcHURCH LIMITED TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Volunteers The threo Eld8rs and the Trustees oper818 wholly in a volunlary capacity. Anything up lo 20 people are involved in almost all of our Sunday services working in varying capacities such as childrenfyoulh. refreshments, welcoming, léading sung worship, speaking. reading and so on. All of our aclivities {apart from Buzzy Beas), our mid-week Connect Groups. our youth acliviles and outreach evenls are totally reliant on the giving of voluntary time and energy by the church family. We are so grateful lo each and every one of them. Plans for future periods Work on alterations lo our new Walergale property will continue in as quick a lime frame as possible. Some of this work will be und8rtak8n by our own volunloers but more extensive projects will continue lo be undertakan by professionals. The speed of that work will b8 dicialed by our ability lo allract grants and other giving streams. As that work is compleled, we hope lo introduce further additional programmes to 'connect' Wlth the people of Whitchurch in every way thatwe can. 11 is now seventean yeais sinca Beacon Church was established in Whitchurch, We want to continue to build the church and to roach out into the town and surrounding areas and to have a greater impact lor Jesus Christ in th8 community of Whitchurch. As more work is done on our premises and they appear more 'allracliv6' we want lo introduce further groups and programmes to help in our communbity, to provid8 space for others lo work and offer services, and lo encourage y61 more professionals lo m881 with their cli8nls at Walergal6. Rlsk Management The Elders and Trustees continue lo monitor and revise risk ass8ssmenls with regard to our aclivili8s. A rigorous Safeguarding Policy is in force, and all personnèl working with children and vulnerable adults aro approved subj8cI lo DBS checks. The Trusleos a continuing lo updale all our policies to 8nsure they are robust and me81 our legal responsibilities ad8quately. There have been no significant incid8nls requiring lo be reported in the year under review. Related Partlas The Beacon Church is an aulonomous body. It is a rn8mber of ChristC8ntral Midland (made up of Nowfrontiers churches in Shropshire and neighbouring counliesl which ilsalf is part of Christcenlral uniting the Newfrontiers churchas situated from the Midlands lo Scotland and some overseas countries. These links are particularly usaful in lerms of the support and encouragement they offer the Eld8rship team. There are. however. no legal or financial cummilmer)15
THE BEACON WHITCHURCH LIMITED TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Statement of trustees, responslbilities The Iruste8s are responsible for preparing the Trustees, Annual Report and the financial statem8nts in accordance wlh applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accept6d Accounting Piaclicel. The Directors are responsibla for The Beacon Whitchurch Limited for the purposes of company law. Company law requires the tru51ees lo preparè financial statements for each financial year, which give a true and fair view of the stale of affairs of th6 charitab18 company and of the incoming resources and application of resources. including the income and expenditur8. of the charitable company for thal period. In preparing these financial slatoments, the Irust88s aro required to: select suitable accounting policies and then apply them consistently; observ6 the methods and principles in th8 Charities SORP: • make judgements and estimates that are reasonable and prudent; slate whether applicab16 UK Accounting Slandards hav8 been followed, subject lo any material departur8S disclosed and explained in the financial slatemenls. prepare the financial slalemenls on the going concem basis unless it is inappropriate to presume Ihal the charitable company wll continue in operation. The Irustoes are responsible for keeping ad6quale accounting records that disclo58 With reasonable accuracy al any lime the financial position of Ihe charitable company and enable Ih6m to ensure that Ihe financial statements comply with th8 Companies Act 2006. They are also r8sponsible for safeguarding the assets of the charitable company and hence for taking reasonablé steps for lh8 prevention and d81e¢tion of fraud and other irregularities. In so far as the trustees ale awar8: there is no relevant accounting informats'on of which the charilable company's Independent 8xaminer is un8ware' and the Irusloes have taken all steps that they ought to have taken lo make themselves aware of any relevant accounting information and to establish that the independent examiner is avfdre of that infomalion. Approved by order of the board of trustees on 4th June 2025, and signed on its behalf by.. D Seag8r Director and Trustee
THE BEACON WHITCHURCH LIMITED INDEPENDENT EXAMINER'S REPORT TO THE MEMBERSRuSTEEs OF THE BEACON WHITCHURCH LIMITED I report to the charity Irusle8s on my examination of the accounts of the company for the year ended 31 March 2025 which are sel out on pages 11 to 18. Responsibilities and basis of report As the charity trustees of the company (and also ils directors for the purposes of company lawl you are rasponsible for the preparation of the accounts in accordance with the requiremenls of the Companies Act 2006 ('the 2006 Acl'l. Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of thè 2006 Act and are eligible for independent examination, I report in respect of my examination of your company's accounls as carried out under section 145 of the Charities Act 2011 {'Ihe 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independènt oxaminer's statement I have completed my examination. I confim that no matters have come lo my atlenlion in connection with the examination giving me cause to believe that in any material respect.. 1. accounting records w8re not kept in respect of the company as required by section 386 of th8 2006 Act; or 2. the accounts do not accord with those records- or 3. the accounts do not comply with th8 accounting requirements of section 396 of the 2006 Act other than any requir8menl that th8 accounts give a 'lrue and fair view which is not a matter considered as part of an independent examination., or 4. the accounts hav8 not been prapared in accordanc8 With the methods and principles of the Statem8nt of Recommended Practice for accounting and reporting by charities applicable lo charities preparing their accounts in accordanc8 Wlth the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021. I have no concerns and have come across no other mallers in connection with the examination to which attention should be drawn in this report in order lo enab18 a proper understanding of the accounts lo be reached. Robert Humphreys BEng FCA James, Holyoak and Parker Limited 1 Knights Court Archers Way Balllefield Enterprise Park Shrewsbury Shropshire SY13GA Dated.. 4th June 2025 -10-
THE BEACON WHITCHURCH LIMITED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Summary Income and Expenditure Account Totsl 2025 Total 2024 Notss Restricted Unrestricted Income from: Donations &18gacies 53.276 138,757 192,033 135,533 Income from charitabla activities 5.124 5,124 6,810 Other incom8 9.814 9,814 9.858 Total Incomlng resourcès 53,276 153,695 206,971 152,201 Expondituro on: Charitsble acllvilies {33,062) (80,083) (113,145) 1126,341) Transfers betwaan funds 20 Nèt incomel(6xpenditure) and net movement In f unds 20,214 73,612 93,826 25,860 Raconciliatlon of funds.. Total funds brought fOard 20 3,873 321,897 325,770 299,910 Total funds carried fomard 20 24,087 395.509 419,596 325,770 Tho Slatemgnl of Financial Activities includes details of all gains and losses recognised in the y8ar. All incom8 and expenditure derives from continuing activities.
THE BEACON WHITCHURCH LIMITED BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Notas Fixed assets Tangible assets 15 389,322 389,926 Current assets Debtors Cash al bank and in hand 16 7,795 105.568 113,363 4,840 72,911 77,751 Creditors,. amounts falling due wlthln one year 17 6,593) 8.592 Crèditors: amounts falllng due after one year 18 76.496 133,315 Net current assets 30,274 64,156 Net assets 419,596 325,770 Charlty funds Unreslricled funds Raslricled funds 20 20 395,509 24,087 321,897 3,873 419,596 325,770 For the year ending 31 March 2025 the company was entilled lo èxemption from audit under section 477 of the Companies Act 2006 relating lo small compani85. Directors, responsibililies: The m8mbers hav8 not required th9 company to obtain an audit of ils accounts for the year in question in accordance with seclion 476- The directors acknowledge Ihair restjonsibililies for complying wilh the requirements of the Act with respecl to accounting records and the preparation of accounts. The financial slalemenls were approved and authorised for issue by the Board ofTrustees on 4th Juné 2025 and signod on ils behalf by.. J Muir Dlre¢tor and Trustee K Holland Director and Trustae The notes on pages 13 to 18 form part of these financial slatemenls. Company Registration Number.. 06587579 (England & Wales) -12-
THE BEACON WHITCHURCH LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Summary of significant accounting policies 1.1 General Informatlon and basls of preparation The Beacon Whilchurch Limited is a private company limited by guarantee, and a registered charity in England and Wales The company number is 0658757g (England & Wales), and the registered charity number is 1124750. In the 8venl of the charity being wound up. the liability in respect of the guarantee is limited lo £1 per Tnember of the charity. The address of Ihe registered Offi is 5 Watergate Street. Whilchurch, Shropshire, SY13 1 OW, Tho nature of th8 charity's operations and principal activities are that of the advancement of Ihe Christian Faith. The charity canstitu18s a public benefit entity as d6fined by FRS 102. Th8 financial statements have been prepared in accordance with Accounling and Reporting by Charities: Statement of Recommended Practice applicable lo charities pr8paring their accounts in accordanc8 with the Financial Reporting Standard applicablo in the UK and Republic of Iraland IFRS 102), Ihe Charities Act 2011 and the Companies Act 2006. The financlal statements are pr6pared on a going concem basis under the historical cost convention, modified to includ6 certain items al fair valuè. The financial statemenls are presented in s18rling whiGh is the functional currency of the Gharity. The significant accounting policies applied in the preparation of thes8 financial slalements are set out b810w. These polici8s have b8en consislenlly applied lo all ye8rs pres8nl8d unless olh8twise slated. 1.2 Funds Unrestricted funds are available for use at the discretion of the Irustees in furtherance of the genèral objectives of the charity and which hav6 not been d8signaled for other purposes. Designated funds comprise unr6slricted funds that have been set asid8 by th8 trustees for particular purpos8S. Restricted funds are funds which ar8 lo be used in accordancé with sp8cific reslriclions impos6d by donors or which have be8n raised by the charity for particular purposes. The cost of raising and administering such funds are charged against th8 specific fund. 1.3 Income recognition All incoming resources are included in the Slalemenl of Financial Activities (SOFA) en the charity is legally anlitled lo Ihe income after any performanc8 conditions hav8 been mel. thé amount can be m8asured r81iably and it is probable that the income will b8 received. Voluntary incoma Is received by way of grants, donalions and gifts. and is included in full in the Slalemenl of Financial Affairs when receivable. Grants, Whe enlitlem8nl is not conditional on th8 delivery of a specific performance by the charity. are recognised whén the charity becomes uncondiliona51y entitled to Ihe grant. Inveslmenl income is included as it becomes receivable. 1.4 Expenditure r8cognitlon All expenditure is accounted for on an accruals basis and has beon classified under headings that aggregate all costs related to the category. Experkdilure is recognisad where Ihere is a legal or conslruclive obligation lo make payments to third parties, il is probable Ihat Ihe selllement wll be required and the amounl of Ihe obligalion can be easured reliably. Expenditure comprises those costs incurred by the charity in Ihe delivery of its activities and seNices for its beneficiaries. -13-
THE BEACON WHITCHURCH LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 1.5 Tanglble fixed assets Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depr8cialion 2nd accumulated impairment losses. Cost includes cosls directly allribulable lo making the asset capable of operating as intonded. Depreciation is provided on all tangib18 fixed assels, at rates calGulat8d to writè off the cost, less eslimaled residual value, of 8ach asset on a syslemalic basis ovar its expected useful life as follows: Freehold property Equipment Not depTeciated 250/• on a slraighl line basis Freehold property Is not depreciated as tho directors considèr the market value of th8 property lo be no less than thé historic cost, and Ihiil lo d8preoiale th8 property would not be appropriate. 1.6 Tax The charity is an 8xempl charlly within the moaning of schedule 3 of the Charities Act 2011 and is considered lo pass the tests $6t out in Paragraph 1 Schedule 6 Finance Act 2010 and therefor8 It meets th8 definition of a charitable company for UK corporation tax purposes. 1.7 Going Concem The financial slatem8nls have been prepared on a going concam basis as the Iruslees believe that no material unc8rtainlies exist. The Iruslees have considered the level of funds h8ld and th8 expected level of Sncome and expendiluro for 12 months from authorising thes8 financial slalements. The budgelad incom8 and expenditur8 18 sufficient with the lovel of reserves for the charily lo be able to continu8 as a going concern. -14-
THE BEACON WHITCHURCH LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Incomè from donatlons and legacies Total 2025 Total 2024 Restricted Unr8Stricted Gifts under Gift Aid Tax reclaimed under Gift Aid Sunday Offerings Sunday Offerings under GADS Sunday Offerings reclaimed under GADS Donations not 5ubjecl lo Gift Aid Hopo Church (North Shrewsbury) Grants received 2.750 687 92,305 22,390 90 1.705 426 21,841 95,055 23.077 90 1,705 428 56,468 4,662 10,550 77,999 19,560 1.725 431 31.318 34,627 4,662 10,550 4,500 53.276 138,757 192,033 Total 2025 135.533 Total 2024 Income from charitable activitios Restricted Unrèstricted R6freshment income from events Silver Diners Easter Extravaganza Quiz Nights Buzzy Beas Church Away Weekend Saltmine Christmas production Blackbefry Fair Chrislmas Lights Switch-on intarnalional supper 22 1,562 22 1,562 125 264 464 120 4,622 607 315 289 306 1,220 306 1,220 620 856 313 225 620 856 313 225 5,124 5,124 Total 2025 6,810 Total 2024 Other Incoma Restrlcted Unrastricted Rents I storage for Centre use Sale of reoyclable malarials Sundry items Inter6st received on cash deposits 8,403 8,403 8,410 716 162 570 382 1.029 382 1,029 9.814 9,814 Total 2025 9,858 Total 2024 Analysis of èxpènditure on charitabl8 activities Restrlcted Unrèstricted Costs dlractly allocated lo actlvltlès Property exp8ns8S SBrvices expenses Oulreach expanses General oxpenses Giving expenses Rgnovalions 5 Watergate Streèt Depreciation Note 504 49,455 889 4,267 8,222 16,381 49,959 889 4,740 8.382 17,132 31,174 869 43,455 1,631 8,047 8.457 8,550 55.231 970 473 160 751 31.174 10 11 12 869 33,062 80,083 113,145 Total 2025 126.341 Tolal 2024 Analysls of property expenses Restrlcted Unr8Strlcted Note Mortgage interest Repairs and equipment Maintenance and servicing Rates 8nd serviTrs Salary costs Cleaning stationery etc, Sundries 7.890 318 1,916 9,996 26.783 1,345 1,017 190 7.890 318 1,916 10,500 26,783 1,345 1.017 190 9,802 752 504 9,632 21,295 612 1,046 316 14 504 49,455 49,959 43,455 -15-
THE BEACON WHITCHURCH LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 MARCH 2025 Analysis of services expenses Total 2025 Total 2024 Restricted Unrestricted Speaker expenses l aids to worship Training costs Training resources 470 238 181 470 238 181 625 1.006 889 1,631 Total 2024 Analysis of outreach expenses Total 2025 Restrlcted Unrestricted Publicity and advertising Youth and childrens, work Easter activity events Connect for You Buzzy Beas, Ladies and Men's Groups Activitiès Walcome I Warm Spac8 Theatre production 8xpensas Alpha exp8ns8S Quiz Nights Church Weakend Away Churches Together and Christian Aid 81ackbèrry Fair Christmas Lights Swilch-on Missions Evening Tel6vlsion Licence Silv8r Oiners Christmas Lunch 308 177 93 308 177 93 327 239 146 51 187 89 13 1,319 158 450 4,684 188 27 10 78 22 78 442 53 1,250 219 56 400 150 420 53 1.250 219 56 400 150 17 66 169 1.162 89 17 68 169 1,162 89 159 473 4,267 4,740 Total 2025 Analysis ol general oxpènses 8,047 Total 2024 Restrictod Unrestrlcted Rafreshmenls Equipment elc. Leg81 costs l insurance I music licences Safeguarding costs Accountancy cos18 Church Fleeces and polos Fundraising costs Sundry 8xpenses 160 516 2.069 4.164 307 360 378 676 2,069 4,164 307 360 378 589 646 3,995 302 330 2,400 195 428 428 160 8,222 8,382 Total 2025 8.457 Total 2024 10. Analysis of giving exponses Restrlcted Unrestricted Church tilh6s paid lo missions 751 16,381 17,132 8,550 751 16,381 17,132 Total 2025 8,550 Total 2024 11. Watorgate Street Restricted Unrestricted Renovations and improvements 31.174 31,174 55,231 31,174 31,174 55,231 -16-
THE BEACON WHITCHURCH LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 12. Net deficlt for the year 2025 2024 Net deficit is staled after charging- Depreciation of tangible fixad assets owned by the charity 869 970 13. Trustees. and key management personnel remuneration and expenses No remun6ration was paid lo Irustees or key management personnel during the year. During the period. r8-imbursem8nt of 8xpenses lo tha Iruste8s totalled £10,37S (2024.. £7,319). These expenses rela18d to items purchasad by individuals on behalf of the Charity primarily for building mat8rials and 8quipment for the new Walergale Cenlre. Th8 Company has a number of trade accounts for regular suppliers but marby items rèmain 'one-off purchas88. 14. Stsff costs and employe8 beneflts 2025 2024 Basic salary payTnenls Pension costs 26,055 728 20.699 596 26,783 21,295 15. Tangible flxed assets Freehold Property Equipmont Total Cost or valuation: Al 31 March 2024 Additions 388.872 9,048 265 397,920 265 At 31 March 2025 388,872 9,313 398,185 Depreclatlon: Al 31 March 2024 Charg8 for year 7,994 869 7,994 869 Al 31 March 2025 8,863 8,863 Net book value.. At 31 March 2024 388.872 1,054 389,926 At 31 March 2025 388,872 450 389,322 16. Debtors 2025 2024 Gift Aid Olher debtors 6,703 1,092 3.519 1,321 7,795 4,840 -17-
THE BEACON WHITCHURCH LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 PJIARCH 2025 17. Creditors: amounts falling due within one year other cr8dilors Mortgage 2025 2024 3,502 3.091 3,415 5,177 6.593 8,592 18. Creditors.. amounts falling due after one year 2025 2024 Mortgage 76,496 133,315 76.496 133.315 19. Analys18 of net assots between the funds Unrestrlcted Designated funds funds Restricted fund Total Fixed assets Net current assets 389,322 623 389,322 30,274 6.810 24,087 388,699 6,810 24.087 419,596 20. Fund reconciliatlon Asal 1 April 2024 Expenditure & Asat gainslllossès) Transfers 31 March 2025 Income Unrestricted.. Géneral reseNe Deslgnated funds: Mission and relief 319.072 133,329 163,702) 388.699 2,825 20,366 16,381 6,810 Total unrestricted funds 321.897 153.695 80,083 395,509 Restricted funds.. Wemmelcome Space Project Building fund Devo18d confer8nce bursary Ladies Only I Pieced Together Fund Hope Church, North Shrowsbury Abigail & Davey Calko 167 2,858 586 262 550 44.814 17171 (31,174) 16,498 586 92 4,661 2.250 250 4,662 3.000 (4201 (1) 750 Total restricted funds 3.873 53,276 33,062 24,087 Total funds 325.770 206,971 113,145 419,596 Th8 balance mainlained on the Designated Fund represents th8 afflount set aside by the charity specifically for the support ofongoing projects. 21. Related party transactlons No material transactions with related parties occurred during the year, olhor than the re-imbursement of trustaes, 8xpenses detailed in note 12. -18-