REGISTERED COMPANY NUMBER: 03848337 {England and Wales) REGISTERED CHARrrY NUMBER: 1128626 R9PQrt of th• Trustees and Unauditod Financlal Statements foi tho Year Ended 31 August 2024 for Thè Univèrsltles. Chaplalncy In Leeds Trust Kirk Newsholme Chartered Accountants 4315 Park Approach Thorpe Park Leeds West Yorkshire LS15 8GB
The Universities. Chaplaincy in Leeds Trust Contents of the Financial Statements for the Year Ended 31 August 2024 Pago Report of the Trustees 1 to 4 Independent Examlnerf8 Report SL*emont of Flnanclal Adlvltles Balancè Sh•èt Not95 to the Flnanclal Statements 8 10 14
The Univer8itio9' Chaplaln¢y In Leeds Trust Report of tho Truslo•s lor tho Year Endod 31 August 2024 The trustees who a also dirlor$ of the charity for the purposes of Companies Act 2006, present their report %wth the financial statements of the charity for the year ended 31 August 2024. The trustees have adopted the provisions of Accounting and Reporting by Chariliès= Slatemenl of Recommended Practice applicable lo ¢harilies preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland {FRS 1021 leffective 1 January 20191. REFERENCE AND ADMINISTRATIVE DETAILS R4gi$torod Company number 03848337 {England and Wales) Regi$t•r0d Charlty number 1128626 Reglstered office Chaplaincy Emmanuel Centre Unlversity of Leeds W¢)odhouse Lane Leeds Wesl Yorkshlre LS2 9JT Trustees M J Kelly Dr D W Dlxon-Hardy Professor R C Whilir¥J TCWShaw LMGrey Professor P Cardew A l Fraser Professor V M O'mara C J Maluila Dr A Arrigoni Dr T Wilson DrMGJByde Rev. Prof. S J Roblnson Roman Catholic Diocese of Leeds University of Leeds United Reformed Church Yorkshire Baptist Associallon Leeds Di¢xese of the Church of EngLqnd Leeds Beckett UnNersty Methodist Church Quaker Lutheran Church Leeds Beckelt University Co-opted to represent Orthodoxy Unlverslty of Leeds Trust Chair- WYCT appointment - reslgned 22.03.2024 Company Secrotsry A Dudzlnskl Independent •xamlner Kirk Newsholme Chartered Accountsnls 4315 Park Approach Thorpe Park Leeds Wesl Yorkshire LS15 8GB STRUCTURE, GOVERNANCE AND MANAGEMENT Govoming document The charity is controlled by its governing document, being the Memorandum and Articles of a charitable company limited by guarantee, as defined by the Companies Act 2006. Page 1
The Unfversltles. Chaplalncy in Loods Trust Report of the Tyustees for the Year Ended 31 August 2024 Recrultment and appointment of new trust•o$ The Charity is governed by the Memandum an¢J Afii¢les date(124th September 1999 as amended in March 2009. The trustees are appointed according to the Artides of Association of 2009 and comprise rKIt less than 3 and no more than 15 in number. The Cwncil of the University of Leeés and Ihe Vl¢e-Chancellor of Leeds Beckett Unfverslty may each appoint and remove by notice in writing one truslee. The Iruslees may co-opt up to tsvo members of staff from the above two Unlversilies (bul for the avoldance of doubl onty one from each University) who are willlng to be trustees, and may cause thelr co-optkffi to cease. In addl1)n to the Universlly Staff Trustees co-opted by the b08rd. the trustees may co-opt up lo further Iruslees who are willing to act, and may cause thelr CO-OPOn to ¢ease. West Yorkshire Churches Together (WYCTI shall appoint an Indivldual lo be trustee and 8 trustee so appointed will hold office of the chair of the trustee5' meelng. Except for persons appointed per the above no person sh811 be appointed or reappointed a trustee unless they are duly and propedy norninaled by a member of the Charity and have consented to 8cI (or continue lo act) as a trustee. The member5 of the Charity are those Churches who covenanted l(gether to form the charity as listed in the Arttcles of A¥$ociation. In the year ending 31 August 2024 the United Reformed Church appointed Trustee resigned and replaGemenl is still being sought. Trustees. responsibilities The busines9 of the Charity shall be managed by the trustees who may exercise all the powers of the Charity. The trustees shall expend the funds of the Charity in such a manner as they shall consider mo$1 beneficial for the achievement of the objects, invest in the name of the Charity such part of the funds as may See fit, direct the sale or transposition of any such investment and expend the proceeds of any such sale in furtherance of the objects of the Charity. The Charity has 5 permanent 8mployees- 1 cOlnating chaplain, l intemalional student chaplain. 2 chaplaincy service managers (both part lime) arKI 1 part time student outreach worker who was employed from June 2024. The Chaplai service managers work dosely wilh the chaplains and report regularly lo the chair of the board of trustees. The Board meets formally 4 limes per year for which it reiVeS detailed papers prepared and dislribuled one week in advance. The rdinatIng and lead chaplains attend the meetings of the board lo ensure good and mprehenswe communications. Rr$k rnanagement The Iruslees have 8 duty to identify and review the risks to which the charity is exwsed and lo ensure appropriate controls are in place lo provide reasonable assurance against fraud and errN. OBJECTIVES AND AcTIVlEs Background The Universities. Chaplaincy in Leeds Trust serves the staff and students acr955 the University of Leeés. Leeds Beckett UnNersily, The UnNeTsity of Law in Leeds and Leeds Arts University. This means supporting the SritUal welfare of in excess of 68,000 students and 12,000 staff of all faf(hs and all wodd views. The team works within the oversight of West Yorkshire ChurGhes Together IWYCTI. a group of church bodies who have covenanted lo work together ecumenically lo help provide a chaplaincy service at these universities. Chaplains are from nine different Christian denominations 8nd include volunteers, slipendiary and rK)n-Stipendiary clergy. Page 2
The Unlvgrslties. Chaplainry in Lgeds Trust Report of tho Trust995 for Iho Year Ended 31 Augu¥t 2024 Day to day work The key a5peGts of our day lo day commitments are.. Pasloral Care SpiTitual and Worship Ethics and Values Community Building and Community Cohesion Advi¢e on matters of faith lo the Universities, senior managers. ACHIEVEMENT AND PERFORMANCE Achi&voments The COrdInatIng Chaain continues to work closely with the Chaplaincy Service Managers. Carnien Costanza was employed as 8 Student Outreach Worker, starting In June 2024. Her role is for#Jsed on digital outreach. communications on 5 campuses within Leeds, links wilh students soclelte8 and events, and helping maintain the profile of the chaplaincy for students and staff. The Trustees continue to have an excellent working relationship with the senior managers of the Universities. The Universltles continue to value the contribution of the Chaplaincy lo the wmmunity lrfe of the universities, th Leeds Arts UnNersity welcoming increased involvement with Chaplainw outreach lo th&ir sbjdenls. The sbnificant acllvilies of the day to day work continue. These include= Pastoral suptKJrt for staff and students continues through groups. wor8hlp aclNltie8 and one-tcpone pastoral care. An Itreased range of outreach aclivilie5 and events that were deslgned to Introduce people to the Chaplaincy and encourage them to build links with us. Crisis support continues to be much appreciated by each Universlty in the support of students, staff and their families al times of trauma. death and world catastrophes. At Le8ds 8eckett we have built on the good relations already in Fdace. As lead chaplain. the Revd. Tim Nicholls has taken a full part in Leeds Beckell's wellbeing and Student Support knIs provision. He allends regular team meetings as well as seNing on commillees, such as equality and diversity, developing new faith and prayer spaces and facilities and building new outreaches and chaplaincy services across tha Iwo campuses. Robin FishwKk is the Lead Chaplain al Leeds Arts Universty, and has b8en involved in extensive outreach work and has served on a number of University Committees. Fa MarG Homsey is lead chaplain for UnNersily of Law Leeds and is developing a monthly drop in servi¢?, and has made good links with the wellbeing team and safeguarding. Involvement in multi faith developments al the University of Leeds, in particular co-hosting or facilitating inter-fatth events. FINANCIAL REVIEW Financial r•vlew The financial result for the year shows a surplus of £13.867. Reserves have increased lo £120.450. Expenditure was £83,381, in line with expected annual expenditure. The trust is therefore well placed to develop ils Chaplaincy work going forward. The SeNice Level Agreement ISLAI with the University of Leeds was renewed on 1 September 2022 for a perioé of 5 years until August 2027, the SLA with Leeds Beckell University wa5 renewed on 1 September 2023 for a further 3 years until August 2026. the SLA with Leeds Arts Universty was renewed on 1 September 2023 for a period of 3 year5 until August 2026, and the SLA wilh the Universty of Law was renewed on 1 September 2023 for 3 years unlll August 2026. Page 3
The Univo15itie¥' Chaplaincy in Leeds TTUSt Report of tho Truytees for the Ygar Endod 31 August 2024 FUTURE AIMS The future aim5 indude.. IrreaSing chaplaincy provision through staff appointments, effecllve use of volunteers and interns. and range of activities. Developing ways to increase spiritual awareness and opportunity amongst the stsff and Sludent )pulallons, In particular via online means. Assisting all the universities in their development of a strategy to provide failh-based support lo their diverse communities. Approved by order of the board of trustees on ..... . and signed on its behalf by.. Rev. Prof. S J Robinson - Trustee
Independent Examlnefs Report to the Trustgos of The Unlversitles. Chaplalncy in Leeds Trusl Independent examlnefs report to the trust$ of Th• Unlv•rsltles' Chaplaincy in Leeds Trust {Iho Company'l I report to Ihe charity trustees on my examination of the accounts of the Company fcff the year ended 31 August 2024. Rosponsibilities and basls ol report As the charity's trustees of the Company land also ils directors for the purposes of company law) you are responsible for the preparatlon of the accounts in accordance with the requiremen1$ of the Companies Act 21 (Ihe 2006 Act'l. Having sa115fied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act arKI are eligible for independent examination, I report in respecl of my examinallon of your charivs accounts as carried out under Section 145 of the Charities Act 2011 I'lhe 2011 Act,). In carrying out my examination I have followed the Directions given by th8 Charity Commission under Se¢lie)n 14515) Ib) of the 2011 Act. Indèpèndént èxamln•rfs statement I have compl8led my examination. I confirm that no rnatters have come to my atterrtw)n in connection with the examination giving me cause to b8lieve'. accounling re¢ord$ were not kept in respect of thg Company as required by Section 386 of the 2006 ACL or the acttwnts do not accord with those records", or the accovnts do not comply with the accounting r8quiremenls of Section 3* of the 2006 Act other than any requiremer)I that the accounts give a true and fair view which is not a matter considered as part of an independent examination. or the ac¢ounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and fftporting by charities (applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)}. I have no concems and have come across no other matters in connection wilh Ihe examination to which attenllon should be drawn in this rewrt in order to enable a proper understanding of the accounts to be ached. Jill Wright BA FCA Kirk Newsholme Chartered Accountants 4315 Park Approach Thorpe Park Leeds West Yorkshire LS15 8GB Page 5
The Unlversltlgs, Chaplain¢y in Lwds Trust Statemenl of Financial A¢tivitiO$ for the Year Ended 31 August 2024 2024 Tota funds 2023 Total funds Unrestricted Restricted fund fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 1,618 1,618 Charitable a¢tiviti08 Charitable a¢tiVFlies ¢osts ,006 3,310 93,316 83,003 Other trading a¢tivilres Investment income 256 2,314 Total 93.938 3.310 97,248 84,802 EXPENDrfuRE ON Charltable activltles Charitable activities costs Governance costs 42.528 1.244 32,421 7,188 74,949 8,432 71,222 9.245 Total 43,772 39.609 83,381 80,467 NET INCOMEI(EXPENDffURE) Tran$f•rs between funds 50,166 36,299) 136.299) 36.299 13.867 4,335 Net movomonl in funds 13,867 13,867 4,335 RECONCILIATION OF FUNDS Totsl fund5 brought fomard 106,583 106.5&3 102,248 TOTAL FUNDS CARRIED FORWARD 120,450 120,450 106,583 The notes fom part of these financial ststemenls p96
Tho Unlversltles. Chaplaincy in Lggds Tftt Balance Sheet 31 August 2024 2024 Total funds 2023 Total funds Unreslricled Restricted lund fuTrJ Notes FIXED ASSETS Tangible assets 10 2,230 2.230 2.734 CURRENT ASSETS Debtors Cash al bank 11 236 236 153,968 403 122.635 31,569 154,204 115,563 CREDrroRS Amounts falling due wrlhin one year 12 {4,415 (31,5691 (35.984) (11.714) NET CuRREr ASSETS 118,220 118.220 103.849 TOTAL ASSETS LESS CURRENT LIABILrriES 120,450 120,450 106,583 NET ASSErs 120.450 120,450 106,583 FUNDS Unreslrfcted funds 13 120.450 106.583 TOTAL FUNDS 120,450 106,583 The Gharitable company is entitled to exemption from audit under Section 477 of th& Companies Act 2C()6 for the year ended 31 August 2024. The members have not required the company lo obtain an audit of its financial ststemenls for the year ended 31 August 2024 in accordance with Section 476 of the Companies kl 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps awounling records that comply with Sections 386 and 387 of the Companies Act 2006 and Ib) preparing financial slalemenls which give a true and fair view of the slate of affars of the charitable company as at the 8nd of each financial year and of ils surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial slatemenls, so far as applicable to the charitsble company. These financial sLglemenls have been prepared in accordance wrth the provisions applicable lo ¢h2ritable companies subject to the small companies regime. The financlal statements were approved by the Board of Trustees and authorised for issue on . and were si9ned on ils behatl by.. Rev. Prof. S J Roblnson - Trusteg The notes form part of these financial statements Page 7
The Universities. ChaplainGy in Leeds Trt Notes to Ihg Financial Statements for the Y•ar Endod 31 August 2024 ACCOUNTING POLICIES Basis of proparing the financlal statements The financial Slalements of the ch8rilabl8 company, which is a public benefit enllty under FRS 102, have been prepared ir) accordance with the Charities SORP IFRS 102) 'A¢counling and Rerthing by Charities.. Statement of Recommended Practice applicable to charilw preparing their accounts in accordance with the Financial Reporting Standard applicable ID the UK and Republlc of Ireland {FRS 1021 (effective 1 J8nuary 2019),. Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The finarla1 statements have been prepared under the historic81 cost convention. Financial rnporting standard 102. reduced disclosure exemptlon¥ The charitable company has taken advantage of the following disclosure exempl10r in preparing these financial slalements. as pemiilled by FRS 102 The Fillancial Reporting Standard applicable in the UK and Republic of Ireland,: the requirements of Section 7 Statement of Cash Flows: the requirement of paragraph 3.17ldl', the requirements of paragraphs 11.42, 11.44. 11.45. 11.47. 11.48{a)(iii). 11.48(a){iv), 11.48{b) and 11.48lcl'. the requirements of paragraphs 12.26. 12.27. 12.29(a). 12.29tb) and 12.29A' the requirement of paragraph 33.7. Income All income is recognised in the Ststement of Financial Activities once the charity has enliuemenl lo the funds. it is prObae that the income will be received and the amount can be measured reliably. Expendlture Liabilities are recognised as expenditure as soon as there is 8 legal or constructive obligation committing the charity lo that expenditure. rÉ is probable that a transfer of economic benefrts will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classrfied under headings that aggregate all cost related lo t1 category. Where costs cannot be directly allributed lo particular headings they hav8 been allocated to activities on a basls consistent with the use of resources. Grants offèred subject to conditions which have not been met al the year end dale are noted as a mmitm&nl bul not accrued as expenditure. Allocation and apportlonment of costs Support costs have been allocated based on the time 5penl on Gharitable &tNities and goveman¢e Costs. Tanglble flxed assets Tangible fixed assets are staled al purGh8se cost, net of deprecIatn. Depreciation is provided on all tangible assets at rates calculated to write off the $1 less esllmale(S residual value of each asset on a straight line basis over its eX[ded usefvl lrfe a$ fdlows.. Fixlures and fittings Computer equipment 200/0 on reducing balance 330A on cost Residual v81LFe represents the estimated amount which would Currently be obtsined from disposal of an asset after deducting eslimaled costs of disposal, If the asset were already al an age and in the condition expected at the end of ils estimated useful1Sfe. The gain or loss arising on the disposal of an asset Is detemilned on the drfferen ktween the sale proceeds and the carying value of the assel. and Is recognlsed in the profil and Ios5 account. Page 8 continued...
The Unlversltl•s' Chaplaincy In Leeds Trust Note5 to tho Finan¢ial Statements . continued for the Yoar Endod 31 August 2024 ACCOUNTING POLICIES - contlnued Taxation The charity is exempl from corporalK)n tsx on ils Gharitable activities. Fund accounting Unrestricted fvnds can be used in accordance with the charitable objeclives al the discretion of the trustees. Restri¢led funds can only be used for particular restricted purposes wlhin the objects of Ihe ¢harity. Restrictions arise when specified by Ihg donor or when funds are raised for particular restricted purposes. P•nsion costs and other post-retirèmènt bénèfits The Trust operates a dofined contribution pension scheme. Contributions payable to the Trust's pension scheme are charged to the Statement of Financial Activtties in the period to which they relate. Finan¢lal Instwments Financial assets and financial liabilities a re¢ogni8ed when the company becomes a paty to th8 contractual provisions of the instrument. Financlal Ilabllities and equity instruments are classified according lo the substance of the contractual arrangements entered into. An equity instrument is any contract Ihat evidences a residual Inte$1 In the assets of the company after deducting all of its liabilities. Al financial assets and liabilities are Initially measured al transaction pre (including Iransaclion costs). unless the arrangement constilules a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at th8 present value of the future payments discounted al a market rale of inleresl for a similar debt instrument. The following assets and 118bllities are classffied as basic financial instrument$ - ¢ash and bank balances, trade credllors and other creditors. These are all measured at the amortised cost equivalent to the undlscounled amount of cash or other Gonsideration expected lo be paid or received. lrnpalmont of assals Financial assets and financial liabilities are r8cognised when Ihe company becomes a party to the Contractual provisions of the instrumeril. Assets are assessed for indicators of impairment at each balance sheet dale. If there is objective evidence of impairment. an impairment loss is rec¢gnised in profil and loss as dgscribed below. Non financial assets An assel is impaired when the is objective evidence that, as a result of one or more events that occuyred after initial recognition, the estimated recoverable value of the asset has been reduced. The reCoverale amount of an a$sel is the higher of rts fair valueless costs lo sell and ils value in use. Financial assets For financial assets carried al cost less impairment, the impairment loss Is the drfferere betr the assel's carying amount and the best estimate of the amount that would be received for the asset rf il were sold at the reporting dale. Where Indicators exist for a decrease in impairment loss, and the decrease can be related objectivgly to an event occurring after the impairment was recognised. the prior impairment Ios5 Is le5ted lo determine reversal. An impairment loss is reversed on an individual impaired finanGial asset lo the exienl that the revised recoverable value does not lead lo a revised carying awrf)unt higher than the carying value had the impairment loss not been recognised. Page 9 ¢ontlnued...
The Unlversltles. Chaplalncy In Leeds Trust NotOS to the Flnan¢lal Stat•mont8 - contlnuod for the Year Ended 31 August 2024 OTHER TRADING ACTIVITIES 2024 2023 Room letting Teaching incorne 176 80 256 INVESTMENT INCOME 2024 2023 Deposit account interest 2,314 1.057 CHARrrABLE ACTIVITIES COSTS Grant fijnding of activities Support costs (see note 5) Direct Costs Totals Charitable activities costs Governance costs 40.735 485 33,729 8.432 74,949 8,432 40.735 485 42.161 83.381 SUPPORT COSTS Information lechnology Human resources Govemance costs Totais Charitable activities costs Governance costs 2CII 28.757 7.189 4,772 1,193 33,729 8,432 250 35,946 5,965 42,161 Basis of allocation Alocation based on ts'me spent loGation based on lime sp8nl Alocation based on time spent Information technology Human resources GDvemance costs Support costs, included in the above, are as follows.. 2024 2023 Charitable a¢livities costs Govemance costs Total activities Total activities Computer costs Wages Pensions Interest payable and similar charge5 Accountancy fees Legal fee5 2 27.116 1,635 250 33,895 2,044 6.779 35,406 2,558 3,240 1.532 810 383 4,050 1,915 3,0 4,297 42.161 Pap 10 continued...
The Unlver8itio9' Chaplaincy in Loods Trust Notes to the Financial Statements - ¢ontinued for the Year Ended 31 August 2024 NET INCOMEIIEXPENDrruRE} Net incomel(expenditure) is slated after chargingl(crediting}'. 2024 2023 Depreciation - owned assets 1.332 1.411 TRUSTEES. REMUNERATION AND BENEFrrs There were no tnjstees, remuneration or other benefrt5 for the year ended 31 Augusl 2024 nor lor Ihe year ended 31 August 2023. Trustegs. expens¢s There were £64 (2023 . £82) of trustees, expenses paid for the year ended 31 August 2024. STAFF COSTS The averagg monthly number of employees during the year was as follows: 2024 2023 Charitable Governance No employees receNed emoluments in excess of £60,000. FEES FOR EXAMINATION OF THE ACCOUNTS 2024 2023 Independent examine$ fees for reporting on the accounts Accountancy services 1.410 2.640 1,380 2,580 Page 11 ¢onlinued...
Tho Unlv•rsltl•s' Chaplalncy In Leeds Trust Notes to the Flnanclal Statements - contlnued for the Yfrar Ended 31 August 2024 10. TANGIBLE FIXED ASSETS Fixtures and fittings Computer equipment Totals COST At I September 2023 Additions 3.126 31.070 828 34,196 828 Al 31 August 2024 35.024 DEPRECIATION At 1 September 2023 Charge for year 2,506 124 28,956 1,208 31,462 At 31 August 2024 2.630 30.164 32,794 NET BOOK VALUE Al 31 August 2024 2.230 Al 31 August 2023 620 2,114 2,734 11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 Prepaymerrts 236 403 12. CREDrroRS: AMOUNTS FALLING DUE WIThIN ONE YEAR 2024 2023 Trade credrtors Social security and other taxes Other creditors Deferred income Accrued exponses 126 1,996 3,986 25.587 4.289 120 702 3,983 897 6.012 35.984 11.714 13. MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 31.8.24 At 1.9.23 Unrestrictod funds General fund 106.583 50.166 (36.299) 120,450 Rgstricted funds Restricted funds (36,299) 36,299 TOTAL FUNDS 106,583 13,867 120.450 Page 12 continued...
Tho Univo15iti95' Chaplain¢y in Leeds Tru$t Notes to tho Financial Statements - contlnued for thg Yoar Endgd 31 August 2024 13. MOVEMENT IN FUNDS - continued Nel movement in funds, included in the above are as follows: Incoming resources Resources expended Movemenl in funds Unrestricted funds General fund 93,938 (43,772) 50,166 Restricted fund$ ReslriGted funds 3,310 {39,6091 136,2991 TOTAL FUNDS 83.381 } 13.867 Comparatlves for movem•nt in fund8 Nel movement in funds Transfers between funds At 31.8.23 At 1.9.22 Unrestrictod funds General fvnd 102.248 43,143 138,808) 106,583 Restrictèd funds Restrted funds 138,808) 38,808 TOTAL FUNDS 102,248 4,335 106.583 Comparallve nel movement In funds, Induded kn the above are as follows.. Incoming resources Resources expended Movement in funds Unrestficted funds General fund 81.426 {38,283} 43,143 Restrlcted fund8 Restricted funds 3,376 (42,1841 138,808} TOTAL FUNDS 84 802 80.4671 4,335 £36,299 {2023 .' £38,808) was transferred from the general fvnd to the restricted fund to make up the 61K)rtfall on Ihe fund. Page 13 continwd...
Tho Universitios. Chaplain¢y in Loods Trust Notes to the Finan¢ial Statomonts - ¢ontlnued for the Year Ended 31 August 2024 14. RELATED PARTh DISCLOSURES There were no lated party Iransactlons for the year ended 31 August 2024. 15. CAPITAL The company is limited by guarantee and has no share capital. The liability of the members in the evenl of a winding up is limiled lo £10 per member. Page 14