Staplehurst Free Church Reports & Accounts Financial Year Ending 3111012025 Contents Legal & Administrative Details Trustees Report Independent Examiners Report Statement of Financial Activities Statement of Financial Posttion Notes - Accounting Policies Notes- Anatysis of Income & Expendrture Notes- Anatysis of Net Assets Beeen Funds Notes- Olher Created using EXnseP1uS
Legal & Administrative Details Charity Name: Staplehurst Free Church Charity Number: 1127205 Company Number.. 06725987 Charity Address.. Staplehurst Free Church Station Road Staplehurst Kenl TN12 OQQ Trustees.. Roy Laming Terence Hawgood Kathryn Minett Graham William Smrth Robert Howse Key Management Personnel.. See structure and Management section Name & Address of Primary Banker.. Roy Laming Fuller Coltage Cranbrook Road staplehurst Kent TN12 OEP Independent Examiner: Abi Aryegbayo Bimtex Accounting Ltd 19-21 Albion Place Maidstone Kent ME14 SEG
Trustees Report Objects of the charity Our Memorandum and Articles of Assctiation state the following objective.. To advance the Christian Faith in accordan with the Statement of Beliefs and in Staplehurst, Kent and in such other parts of the United Kingdom or the World as the Trustees may from time to lime think fit and to fulfil such other purFW)ses which are exclusively charitable according to the law of England and Wales and are connected to the charitsble work ofthe Charity. Relieving sickness, hardship and promoting and preserving good health by the provision of funds, goods and services of any kind, including the provision of counselling and support in Staplehurst, Kent and other such parts of the United Kingdom or the World as the Trustees from lime lo time may think fit. Summary of the charlty's maln acllvllles and a¢hlevements To further the above objects and vision, the charrtyls main activities and achievements were as follows.. Our extensive portfolio of social, health and wellbeing activities have continued lo be delivered alongside our usual faith-based services and meetings and in the same pattern as the previous year. The building continues to be in use every day of the week, with multiple sessions each day, as follows.. - Mondays- Debt Advice Cenlre. Men's Walking Group, SFC Choir. Tuesdays - Friends Together, Warm Welcome Hub, Community Fridge, Home Groups loff silel. Wednesdays- Prayer Meeting, Community Fridge, Home Group {on silel. Meeting. Thursdays- FreeBees. Community Fridge, Mixed Badminton. Fridays- Pastoral Care Meeting, Interest Group, Ladies Badminton, Youth24, Worship Group Rehearsals. Saturdays- Community Fridge, Famity Fun, and ad hoc Social Events. Sundays- Church Services. Sharing Lunches and Social Events {occasional} Key developmen1$ in Ihe year have been as follows... In person attendance at Church seNices continued lo inCaSe with 120 regular attendees and several new families attending. Online broadcasting has also been maintained with over 2000 views in the year.. The Community Fridge is now open 4 limes per week and has seen almost 6000 visits in the accounting period. The cost- of-living crisis continues to impact people Ially. As well as providing food we have started making school uniform available. We have also donated lots of dothes, blankets and shoes lo the Salvation Army and other homelessness charities. Our busiest month of the year was August which we believe is related to the school holidays.. Our Tuesday afternoon Warm Room has gone from strength to strength. We see up lo 40 people each week for warmlh. company and refreshments. During the coldest months free hot soup and rolls are also provided. Several people are now playing table tennis each week during this activity.. The Free Bees support sessions for new parents continue to be popular. Two age-appropriate groups operate on Thursday mornings and afternoons wrth a watting list in pla for the morning session. Places a freed up as parents retum lo work, so over time we Can provide support to many families who benefft from Ihe help and encouragement given by the sessions hosts and other parents with shared experiences. At any one time we have up to 66 children registered with us.. Our Youth24 sessions provide an
interactive fun evening for young people of secondary school age. We have had four new joiners in the year. The Young people also led Iwo services during the year.. Our Church Leader, Peter Brook has increased his hours and will now work fijll time hours in Ihe coming year.. Our solar panels and back up batteries are proving to be very beneficial. Last year our energy bill w85 less than a quarter of the cost that it was during the high prices following the Russian invasion of Ukraine. We are using the savings to reinvest in our community activities. In planning the activities, the trustee5 have applied the guidance on public benefrt issued by the Charity Commission. Structure, Governance and Management The charity is a company limited by guarantee, with a Memorandum and Articles of Association as its governing document. It was incorF)orated on 16th October 2008. Previously Slaplehurst Free Church, which began in the home of one of the founder membws in 1969. was an unincorporated charity governed by a Trust Deed. The Constitution of Staplehurst Free Church sets out the rules on how the organisalion will operate on a day-IcFday basis. This document sets out the purpose. slalemenl of faith, vision, mission and goals. 11 also contains provisions regarding membership. the govemance of Ihe church through the leadership team and their appointment and respCS1bIll1ies. the option lo appoint a remunerated pastor, the conduct of church meetings and reference to the role of trustees. In the evenl of conflict betsveen the constitution and the Memorandum and Articles of Associalion, Ihen the Memorandum and Articles of Association have preference. The Leadership Team take principal responsibility for the day to day running of the church and overseeing rts numerous volunteer led actNlties. Succession planning for the Leadership Team had been a priorty for the previous year. Several of those previously acting had been doing so for many years and wished to transition out of leadership bul in a managed way that did not leave the church leader-less. Since significant difficulties were previously experienced after recruiling someone complelety unknown lo the Church, a strategy was adopted lo openty approach a cohort of people who have some previous knowledge or involvement in Church life. Since our financial situation would likety onty enable any new church leader to be appointed on a part-time basis, this approach also provided scope for those with different skills and other sources of income lo express inleresl., there would be flexibility lo scope a role rather than it be prescribed and polenlially exclude good candidates. Various expressions of interest were received and after a selection and consultation process, Peter Brwk, a long-standing Christian who had joined the Church within the last two years, was nominated to the membership to be the new remunerated church leader and he commenced this role on the 1 st December 2023. Previous members of the Leadership Team. Clive Jones and Bob Howse, stood down from kadership al the same lime. The Leadership team therefore continues to be made up of members with significant historic involvement in and experience of Christian and Church life and comprises.. Peter Brook (Church leader). Terence Hawgood (Senior Elder). Mary Howse (Assistanl Leader). Kale Henry {Assistanl Leaderl Addrtionally, Ihe members of the Charty may by (Kdinary resolution appoinl a person who is willing lo act as a Trustee eilher to fill 8 vacancy or as an additional Trustee al a General Meeting in accordance with the Articles of Association. Trustees are also reappointed, if desired, on a rotational basis in the order in which they were appointed as also defined in the Articles. As at the
date of this report the following are the charity's trustees and directors for the purposes of the Companies Act'.- Bob Howse. Terence Hawgood. Roy Laming. Graham Smith. Kathryn Minett The Leadership Team and the Trustees ensure the various policies of Ihe church are reviewed annually lo ensure il uses besl practice across all activities. Policies in place include bul are not limrted lo the Equal Opportunities Policy and Ethos Statement, Safeguarding Policy for Children and Vulnerable Adults, Pastoral Care Policy, Acceptsble Behaviour Policy. Mission Funding Policy, Health & Safety Policy including the Food Hygiene Policy, Premises Security Policy and the Fire Safely Policy. A new a Members and Volunteers Handbook was also completed this year. Financial Review Our financial position remains robusl. Around 60% of income comers from Ihe regular monthly giving, mostly by standing order, from our generous members and regular attendees. The remaining income is made up from other grants, onfroff donations towards the work of Ihe church, donations for participation in church activity group sessions, the gift aid rebate and other ad-hoc income. We also had one-time grants from the Kent Community Foundation and the Albert Hunt Trust towards general running costs. We introduced a contaclless donalion system and have seen a very significant increase in ad-hoc donalions since the system was introduced. This also increases the amount we can reclaim through the Gift Aid GASGS scheme. Our expenditure for the year was in line with expectations bul income exceed that budgeted which meant we ended the year with a good surplus and were also able lo increase the working hours of our Pastor lo full lime in September. One of the cornerstone activities of the Church is providing financial support for a variety of third- party charrtable organisations and we are pleased to be able to report we have sustained this activity through the continuous generous donations of our members and regular attendees. This past year we have had a particular fccus on practical relief work in Ukraine, Paleslinellsrael and Darfur. Renl-free office space and funding support was also provided lo Staplehurst's Debt Advice Centre- who helped clients manage over £250.000 of personal debt. Funds in Deficit None Investments Policy None Reserves Policy Of the cash in hand at the bank at year end, £15,000 of this is ringfenced as reserves which covers 3 months of fixed expenditure which the trustees consider to be adequate.
Responsibilities of Trustees under charity law The Injslees are responsible for preparing the trustees. annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Charity law requi$ the truslees to prepare ffinanaal ststemenls for each financial year which give a true and fair view of the state of the affairs of the charity as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure. for the financial year. In preparing these financial statements, the trustees are required lo.. select suitable accounting p)licies and apply them consislenlly,. 2. observe the methods and principles in the Charities SORP.. make judgements and estimates that are reasonable and prudent.. 4. state whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements.. and 5. prepare the financial statements on a going ¢oncem basis unless it is inappropriate to presume that the charity will continue in operation. The Iruslees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable Ihem lo ensure that the financial slalements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Signature This report was approved by the trustees, and is signed on Iheir behalf by.. Name Roy Lamino Signature Dale 15 July 2026
Independent Examiners Report I report to the trustees on my examinatn of the accounts of Staplehurst Free Church I'the charity'l for the year ended 3111012025. Re$pon$ibilitie$ and Ba$1$ of Report As the Iruslees of the charity you are responsibk for the preparation of the accounts in accordance wrth the requirements of the Charrties Act 2011 1.the 2011 Act'i. I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charty Commission under section 14515llbl of the 2011 Act. Independent Exarninern Qualification I confim Ihal l am qualified lo undertake the examination because l am a member of the Chartered Institute of Managemenl Accountsnts ICIMAI. which is one of the listed bodies. Independent Examiner's Statemenl I have completed ry examination. I nf1M that no material matters have come lo my attention in connection with the examination giving me cause to believe that in any material respecl.. accounting records were not kept in accordance with section 130 of the 2011 Act,. or 2. Ihe accounts do not accord with the accounting records. I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Independent Exarniner'3 Details Name.. Abi Aiyegbayo Address= Bimtex Accounting Ltd 19-21 Albion Place Maidslone Kent ME14 SEG Abi Aiye9b3yO 17-July-2035
Statement of Financial Activities Unrestrictsd Restricted IornIng It•wr¢ Don9 & Leges 132m6 132.eix 128.337 Invesbnent$ 582 829 Trading other 4.873 4.B73 1.055 138¢É1 Ch8r1tab Athvrti 97.179 97.179 GoWJm Cos1> 26.928 2,$86 Support othér Toi41 (05wrce5 D5ed 15.365 15. Fund TrAnsl•ri O IS. 1S.MS Net Incomlng I fmrtgol Rwource& Ibelrm goln&lN•ul 13.955 13,955 -33,527 Net Incomlna I Cmrtqolng Fl•iQuf¢o# IbRrf Al•t 13.166 13,8SS 43,527 Nqt ofFundJ 13 955 13.955 -33 527 896.076 896.076 9.603 R•prnHntsd By tsinr#i (UnT{dI 10271 00.271 30.361 Bulldinq 1Unredcl 843,239 e62,707 6.521 3.018
Statement of Financial Position Unrestrictsd Restricted CUWI Assets 7D.930 31,570 Accaunis ReCeiv5e Prèpaymenis Tutal Nthvcurrert Asseis FIMed A55ets 931.957 Invesbnent$ Tolal 931.957 931.957 957.185 Auounls Payable 682 Detèrrtd Incomè Toi LoThg Ttmi LO4ffl l Mortgage 92.659 To •2.176 17$ 12.159 70 249 70.249 R•Pr•¥•nSy GenerAI IUnre$tilciadl eo,271 80 271 843.239 843.239 862.707 MillnAry IUnreikdl 8A21 8.521 3,018 Directors Responsibilities The directors are resF)onsible for preparing the Directors, Repjrt and the financial slalements in accordance with applicable law and United Kingdom Accounling Standards (Unrted Kingdom Generally Accepted Accounting Practice). Company law requires the directors to prepare financial statements for each financial year which give a true and fair view of the slate of affairs of the charitable company and of the income and expenditure of the charitable company for that period. In preparing these financial statements, the directors are required to.. select suitable accounting policies and then apply them consistentty., o observe the methods and principles in the Charilies SORP., El make judgements and estimates that are reasonable and prudent.. and O prepare the financial slalemenls on the going cOrM basis unless it is inappropriate to presume that the charitable company will continue in business. The directors are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charrtable company and enable them to ensure that the financial slalemenls comply with Ihe Companies Act 2006. They are also responsible for safeguarding the assets of the charitable
company and hence for taking reasonab steps for the prevention and detection of fraud and other irregularities. This report has been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. Signature These accounts have been approved by the trustees, and are signed on their behalf by.. Name Roy LamlNJ signsre Dale 16 July 2026
Notes - Accounting Policies Basis of Preparation These financial statements have been prepared in accordance with the "Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) I'lhe Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland I'FRS 102,1 and with the Charities Act 2011. The charity meets the definition of a public benefrt entty as sel out in FRS 102. The principles adopted in the preparation of the financial statements are set out in the accounting policies below. Going Concern The Trustees consider Staplehurst Free Church a going concem at the date for approving the 9¢unt$. There are no material uncertainties that the charity can conlinue as a going concern for the next year. Key Rl$k$ & Un¢ertalntles The charity is exposed to various risks, including operational, financial and reputational risks. The Iruslees review the charity's activities regularly to identify significant risks and, where possible. they lake appropriate measures to mitigate those risks. Fund Accounting Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objecls.unreslricted funds include designated funds where the Iruslees, al their discretion, have set aside resources for a specific purpose.Reslricled funds are funds which are lo be used in accordance with specific restrictions imposed by the donor or the lerm of specific appeal.Further explanation of the nature and purpose of each fund is included in the notes lo the accounts. Incoming Resources All incoming resources are recognised On the charrty has enlillement to the resources, it is probable that the resources will be received, and the monetary value of incoming resources can be measured with sufficient reliability. Ll All voluntary income from members of the charity are recognised 8s donations and are included in full, with associated Gift Aid receivable in the Slatemenl of Financial Aclivitie5. Grants where entitlement is not condrtional on the delNery of specific performance by the charity are recognised when the charty becomes unconditionalty entitled to the grant. Income resources from charttable trading activities such as the lelling of the building are accounted for when invoices are drawn up (as at the point of entltlement). Donated services and facilities are included at the value to the charity where this can be quantified.
Gifts in Kind are accounted for at a reasonab estimate of their value to the charty or the amount actually realised. Q Volunteer time, the value of voluntary support for the work of Ihe charty, is not included in the accounts but is described in the Trustees Annual Report. Investment Income is induded in the accounts when receivable Resources Expended Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognied where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty- Governance Costs Governance costs include costs associated the independent examination of the financial statements, compliance with constitutional and Stalulory requirements and any other expenditure incurred on the strategic management of the charity. Governance costs are shown within 'Anatysis of Expenditure. note. Liabllity Recognltlon Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity lo pay out resources. Tangible Fixèd Assets Assets over the value of lamountl are capitalised. Depreciation is provided on tangible fixed assets at rates calculated lo write off the cost of an asset, less ils estimated residual value, over the expected useful economic lrfe of that asset, as follows.. Freehold property- Not depreciated El Musical and Technical Equipmenl - Inumberl years on Straighl line basis Office and computer equipment- Inumberl years on slraighl line basis O Furniture, fixtures and frttings- Inumberl years on straight line basis Iln view of the maintenance programme in place which aims to keep the building in good condition, the trustees consider that any depreciation of freehold propety would be immaterial and accordingly no provision has been made. The carrying amunl of the freehold property is reviewed annually for impairment by the trustees.I Pensions The charty operates a defined contribution pension scheme. Contributions are charged to the statement of Financial Activities as they become payable in acLordance wilh the rules of the scheme.
Operating Leases Rental charges payable under operating leases are charged on a slraight line basis over the terms of the lease. Taxation The charty is exempt from tax on its charrtable aclivilies. Judgements and Key Sources of Estimation The trustees do not consider that there are any material sources of eslimalion or uncertainty at the balan sheet date that could result in a material adjustment to the carrying values of assets and liabilities in the next reporting period. In preparing financial statements certain judgements. eslimales and assumptions have to be made that affect the amounts recognised in the financial slalements. The Iruslees Consider the following to be significant.. Ll The annual depreciation charge for property, plant and equipment is sensrtive to changes in the estimates for useful economic life and residual value. These estimates are reassessed annually and. when necessary, adjusted lo reflect current cirCumstans. El The constructive obligali¢M for grants payable is based on an assessment of the likely duration of the SUPF)Orted activity. This estimate is rethassessed annualty and the obligation is adjusted to reflect current expectations. Con¢osslonary Loans The charty initially recognises and measures concessionary loans al the amount received or receivable. The carrying amount is adjusted in subsequent years to reflect repayments and any accrued interest.
Notes - Analysis of Income & Expenditure Analysis of In¢ome Current Year Resiricted Incomlng R•swr Dwauons 117.389 1S.217 Grants Event Income Inv•Aim•nts 582 Tr•din•A¢vtt1 Rth)tal In¢(nMè Oth•t Other In¢orne 4873 4.873 138(Kl Prior Year Res¢1• Don4ffjyn• & L•gaclos D(A)Abon9 123.20J 123.203 GfftAld 5.134 GrAnts Event Income In¥•Jtm•nts 829 829 Rent81 Income Oth•r other IncDrne 1.055 To1 In¢omlThg rèsources 130 222 130,222
Analysis of Expenditure Current Year Unr•strlct•d RÉstrlctèd RÈs¥urt¢s vsed 6324 6.324 Admin 2.807 2.807 AdvertIsg 839 88nk Chstge Ey•it Co¥t¥ 467 467 Gl(ti Gin other Exwndrture 14.401 14,404 Prwnie I3.7 13.397 StAff Costs 478S9 47,859 Qov•rn•ne• Co*ts Governance Costg 26928 26.928 To1 lrrI¥ Prior Year Unr•Slrl¢t•d ACilvlUQI 8.771 Admln 3.431 Adwrtlihig 583 Bank ChBig 2S.X4 26,208 Evth)t Costs Ghli Glven 16.324 16,324 nèr Expèndrtulè 3.585 Prerniieu 64,545 Staff Costi 4U.264 Go¥ernan¢t costs Govgrnan¢g Co$ts 2.568 ro'.•1 t$..rreS I'SEd
Notes - Analysis of Net Assets Between Funds Current Year utrent Assets 70.930 70.930 Nclr8ntAs$e 931.957 931.957 Curreni Liabllrties N(TrCuTfEllt LbIlbS 91175 92.175 Tow NDtAsWt• (A8E•ts Minus 91Q031 910.1 Prior Year Restrictttd Cuttenl A5Yet5 N(TrCuFrenlAise 957.165 957,185 Currthl Lilblllti N(cTTer1 LbIN1¥ 92.6591 IA•I•I¥ Mini15 0•1.076
Notes- Other Volunteers The charity benefits greatly from the voluntary contributions of time and money. Please refer to the trustees, report for further detail about volunteer contributions in the organisation. Independent Examination Fees Fees payable to the independent examiner for independent examination were.. £0 (fee payable in the prior year.. £1,2541- Staff Costs The lotal staff costs and employee benefrts for the reporting period a anatysed as follows'.Gross wages and salaries.. £48,561.06, Employers Nl costs.. £3.863.62. Employers Pension Costs £2,626.96lprior year Gross wages and salaries.. £32,506.99, Employers Nl co$1$ £877.98. Employers Pension costs £1,834.98IThe average number of employees during the year was 3llhe average number of employees during the prior year was 3INo employees received salaries at a rale of mofe than £60.000 per annum. Key Management Personnel The charty considers its key management personnel lo be Twslees and Leadership Team. The total employee benefits received by the key management personnel i.e. Leadership Team lincluding employer national insurance and pension contributions) was £35,291.82 (total empknyee benefits for the prior year were.. £8,620.86). Trustee Remuneration During the year O trustees received remuneration. Trustee Expen$e$ During the year the O of trustees incurred out-of-pockel expenses lotalling £O.Iprior year 1 trustees incurred out-of-pocket expenses totalling £858.70IAI expenses We incurred for Ihe day-Io•day running of the charity's activrties. Trustee Donations During the year the total aggregated donations made to the charity by the trustees was £22,420. There were no conditions attached to the donations. {total aggregate donations from prior year were £14,235) Tangible Fixed Assets
PrÈ PIOP•fiy Cost Pnllrto 1st NowembEr2024 I2.4 1.260.400 Toial as at 31st OctobEr 2025 1240 Pnoi to l November2024 3trJ.YJS 30J.235 Additions hifin3notJ yoar 25.208 Toial 31$t OdOtsÈT 2025 328.44J 32B.443 N•i8oc Vilue Aiat 31 othb•r25 931.95T 931,957 Ai kt 31 ¢kknb•r2024 957.165 957.185 Debtor$ Accounts Receivable Arnount Trlde Dèbl¢rn Prepayments Amount Prtpaymtnll T& Creditorn Accounts Payable ArnDunt Accruals 682 FlnBncè Lwe Li8fNhbe S•cutty TrBde Credrf(rf 682 Deferred Income AmDunt Deferred Income Tolè1 Loans
MortgagE IGenErall 92.175 92.659 92.659 Analysis of Charitable Funds CUrnt Year Fund N4mo Opening Bl4n¢• Iromo Funo Tr4n$l•r$ UnrMtrkl•d GtnèrÈl IUnréStiiciOdl 30.351 133.819 -15.365 60.271 Building IUDrestllthdl T2,707 25.208 1,750 e43,239 Mi$snAry ILJnrei1c 3.018 2$2 10.365 T1 Unie5knct¥d Tot 896.076 Rsiied Tot Prior Year Puhd Nim• Op•nin• eMp•ndMuf• Tr4ril•ri Unr••trkl•d 44 287 121.814 885,105 2.810 25.208 e62,707 Un(e5thBt•d Tot 929.603 1222 16J 748 Rtsi18 Tot TOT 10.740 Fund Transfers Q••erlp¢iDn Tithe-14ovemoei 2024 From Arnvunl Gtr Tthè- DcÈmbtr1024 TthÈ-Jwuwy 2025 General 2,778 Tth•- F•br 2Q25 Tithè-Mch 2025 •r*l 556 1.445 Tth•-Aprl 2025 639 Tthe-mèy 2025 634 Ttht- June 2025 G•ner 658 TtheTOr Juty er41 7BS TYth•-Augusi 202$ General 832 Grantfrom 8en0factTTh for DD ng 1.750 Tthfrlor Sewember General 2,589 TrthefDr October er 973 Fund De$criptions
D*striptiO Evwday IncDmeand ExtEnye5 Company Status The company is a company limited by guarantee and not having a share capltal. Every member of the company undertakes to contribute in a winding up sum not exceeding £1 whilst they are a member, or within one year after ceasing to be a member, towards debts and Ik8bilrties contracted before ceasing to be a member. Transactions to Related Parties There were no transactions related parties during the a¢¢ounling period. Prior Period Adjustment There were no prior year adjustments. Pen$lon8 The charity operates a defined contribution pension scheme. Contributions are charged to the Statement of Financial Activities as they become payable in accordance wrth the rules of the scheme.