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2022-07-31-accounts

REGISTERED COMPANY NUMBER: 06919051 (England and Wales) REGISTERED CHARITY NUMBER: 1131305 REGISTERED CHARITY NUMBER: SC042550 (Scotlandl REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022 FOR ACTS 435 HPH Chartered Accountants 54 Bootham YORK Y030 7XZ

ACTS 435 CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022 CONTENTS Page Trustees, Annual Report Independent Auditor's Report stalement of Financial Activities Balance Sheet Statement of Cash Flows 70 Note to the Statement of Cash Flows Notes to the Financial Statements 12-22

ACTS 435 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2022

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 July 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The aim and objectives of Acts 435 is to directly connect those who want to give with those who are in genuine need of their help, through a network of local churches and charities. Each partner church or charity appoints an Acts 435 advocate who meets with the person struggling financially and posts onto the Acts 435 website the specific need they have such as clothes or a piece of furniture. People respond by giving online to that need and the money is transferred to the partner church or charity to purchase the item so desperately needed.

Scotland

We operate in all four countries of the United Kingdom with a growing number of churches and charities in Scotland where we are registered with the OSCR.

ACHIEVEMENT AND PERFORMANCE

Review of Activities

Acts 435 was launched as a pilot in the North Yorkshire and Humber Region in October 2009 and was then launched nationally by the patron, the then Archbishop of York, on the 12th July 2010. It has grown organically since with a small staff team to coordinate the charity’s activities. During the Covid-19 pandemic the charity was able to operate as normal given the employees all work from home. The charity saw immediate growth at the onset of the pandemic, increasing from helping on average 300 people a month to over 500 people a month. This has been sustained in the period since then as donors continue to meet the needs. During this financial year 100% of requests were met within one month, with the average less than two weeks, many met in a matter of days.

The charity continued to fully fund its administration costs through Gift Aid. The surplus of Gift Aid from previous years enabled the charity to have the necessary reserves to invest in a rebuild of the full website which commenced in Spring 2021 and launched in June 2022. This has been capitalised in the accounts and has future-proofed the website for the years to come, placing it on a standardised wireframe rather than being bespoke. In the year the charity wound down its Larger Gifts Fund that had been in operation during the pandemic to help with needs above the £150 limit on the website. This decision was taken to focus donor funds instead on the smaller needs which are all managed through the website. There is scope in the future to enable gifts to larger needs but it would be built into the current website rather than managed offline.

Core Activities for Public Benefit

Acts 435 is a website that directly links those wanting to give with those needing their help. Acts 435 focuses on providing specific practical help for those people locally known to be in need in small but significant ways. For each request there is a limit of £150 and an overall limit per family of three requests in total with additional requests only in exceptional circumstances. 100% of donations to requests go to those in need with no percentage removed for administrative costs. Many individuals helped speak not only of the support of the actual item but also the wonderful experience of receiving the kindness of strangers. The Trustees have given due consideration to the Charity Commission’s published guidance on the Public Benefit requirement under the Charities Act 2011 and the deem the charity to qualify as a public benefit entity.

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ACTS 435

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2022

External Partnership

Acts 435 works with over 650 churches and charities to help people in need in the community with many new partners joining in this financial year. It also works closely with other charities that work through churches to help people in UK poverty such as Christians Against Poverty, Trussell Trust, Community Money Advice and the St Vincent de Paul Society.

FINANCIAL REVIEW

Review of financial position at the year end is that at 31 July 2022 the total reserves amounted to £114,993, of which none were restricted. Accordingly, the free reserves at the year-end were £114,993.

Reserves policy

The Charity's administrative costs were previously funded by a private donor who topped up the funds as needed, and are now met by Gift Aid. Restricted funds are passed onto individual applicants within 7 days of the full donation being received. As such the charity does not have a formal reserves policy at the current time. The model enables requests for help to be met whilst funding the low administrative costs of the charity on an ongoing basis.

In its thirteenth year the core activities of Acts 435 have maintained the level of the previous year with over £850,000 given to distribute to people in need, representing over 7,300 requests for help being met. Unrestricted funds primarily represent Gift Aid receipts, which cover all administrative costs. In this financial year work was completed on building a new website for Acts 435 that would support future growth since the current site was built in 2009. This has been capitalised as an intangible asset.

The charity does not have a formal reserves policy at the current time. However, where the balance of unrestricted funds reaches a level that, in the opinion of the Trustees, will not be needed to underwrite operational expenditure, it is used to meet further requests for assistance that have been posted on the website. Although the Trustees have maintained a higher than usual year-end balance this year, in order to ensure that the costs of the new website can be met, £27,897 (2021: £18,833) of surplus Gift Aid was applied to website requests during the financial year.

Larger Gifts

In October 2018 we started a Larger Gifts Fund in collaboration with Stewardship. This fund closed in October 2019 when the funds were used up, but was able to reopen in May 2020 on receipt of £50,000 from Stewardship’s Rapid Response Fund, set up in response to the Covid-19 pandemic. At the start of the current financial year additional efforts were made to raise income for this Fund, with some donors contributing. This fund, which met needs in excess of £150 up to a maximum of £1,000, has now been closed with all donations going to the needs of specific people identified through the charity’s network of local churches and charities.

Future Plans

Going forwards the charity plans to continue expanding its network of church and local charity partners. Its aim is to get to 1,000 partners by 2025 and be helping 1,000 people a month. With the constant pressure on the cost of living, many more churches and local charities are reaching out to the charity to see if they can partner with us. New donors are giving through the website each week and to support the increased need, the charity is also exploring grant funding.

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ACTS 435

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Acts 435 was established by a Memorandum and Articles adopted on 29 May 2009, which has subsequently been amended by Special Resolutions dated 31 July 2009, 1 July 2011 and 21 January 2019. The Charity registered with the Charity Commission in England and Wales on 24 August 2009 and with the Office of the Scottish Charity Regulator (OSCR) on 31 August 2011.

Organisational structure

During the financial year the charity had a part-time Executive Director reporting to the Trustees, and three part-time officers covering Operations and Communications. Collectively the FTE is 2.2.

The work was supported by over 650 volunteer Advocates based in local churches and Christian charities.

Risk management

The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The Trustees have identified and assessed the major risks to which the charity is exposed, in particular those related to the operation and finances of the charity. They are satisfied that the charity's exposure to these risks is minimal.

Management of the charity

The Executive Director of the charity has been in post since it was launched and key decisions are delegated to her by the trustees. She is also a chartered accountant so leads on the financial decisions, including when to apply Gift Aid to requests and all information reported to the trustees and analysed by them. The trustees receive both weekly and monthly reports.

Salaries of the small team are set by the Executive Director and approved by the trustees, and the Executive Director is line managed by the Chair of Trustees who sets her salary. As a small, unique charity, it is difficult to find clear benchmarks but all salaries are compared to general data available through charity recruiting websites.

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ACTS 435

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2022

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

06919051 (England and Wales)

Registered Charity number

1131305 (England and Wales) SC042550 (Scotland)

Registered office

The Gateway Centre Front Street YORK YO24 3BZ

Patron

Right Reverend and Right Honourable Dr. John Sentamu Baron Sentamu, of Lindisfarne in the County of Northumberland and of Masooli in the Republic of Uganda

Trustees

Julian Richer (Chair) Peter Warry Jonathan Day Alison Tsang (appointed 30 November 2021) Claire Daniels (appointed 7 June 2022) Malcolm Marshall (resigned 7 June 2022) Stephen Robertson (resigned 7 June 2022)

Trustees shall serve in office for a period of three years but after that may be reappointed for two further terms of three years. At the end of their third term in office and in subsequent years a Trustee may be reappointed subject to a rigorous review, taking into account the need for progressive refreshing of the board.

The election of trustees is made with unanimous agreement of the other trustees and is based on skills as well as having a Christian faith. Each trustee completes an eligibility form and Charity Commission induction materials are made available to them. The charity is committed to having at least one advocate on the board to ensure the voice of the church and charity advocates is heard.

Company Secretary Jennifer Herrera

Auditor Bankers HPH Chartered Accountants Yorkshire Bank 54 Bootham 46 Coney Street YORK YORK YO30 7XZ YO1 9NQ

Approved by order of the board of trustees on 25 April 2023 and signed on its behalf by:

................................................................. Julian Richer – Chair of Trustee

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INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS AND TRUSTEES OF ACTS 435

Opinion

We have audited the financial statements of Acts 435 for the year ended 31 July 2022 which comprise Statement of Financial Activities, Balance Sheet, Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

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INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS AND TRUSTEES OF ACTS 435

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion based on the work undertaken in the course of our audit

Matters on which we are required to report by exception

In light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report included within the trustees’ report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and the Charities Accounts (Scotland) Regulations 2006 require us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

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INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS AND TRUSTEES OF ACTS 435

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and under the Companies Act 2006 and report in accordance with the Acts and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists.

Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities for the audit of the financial statements is located on the

Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of part 16 of the Companies Act 2006, and to the charitable company’s trustees, as a body, in accordance with Regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charitable company’s members and trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company, the charitable company’s members as a body and the charitable company’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Adrian Rodaway, Senior Statutory Auditor

For and on behalf of

HPH, Statutory Auditor

25 April 2023

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ACTS 435 STATEMENT OF FINANCIAL ACTIVITIES {INCLUDING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 JULY 2022 Unrestrlcted Restrlcted Funds Funds Total Funds 2022 2021 Note INCOME AND ENDOWMENTS FROM Donalions, legacies and grants Investment income 157,668 889,291 1.046,959 1,053,926 26 26 TOTAL INCOME 157,694 889,291 1,046,985 1,053,934 EXPENDITURE ON Raising funds Charitable activities Grants payable to individuals Charitable support and g0Veman￿ costs 22,776 22,776 14,032 930,480 930,480 84,351 971,131 61,935 84,351 TOTAL EXPENDITURE 107,127 930,480 1,037,607 1,047,098 NET INCOMEIIEXPENDITURE) 50,567 141,189) 9,378 6,836 Transfer be￿een funds 16 {27,897) 27,897 NET MOVEMENT BETIVEEN FUNDS 22,670 113,292) 13,292 9,378 6,836 Total funds brought fonmard 92,323 105,615 98,779 TOTAL FUNDS CARRIED FORWARD £ 114,993 £ 114,993 £ 105,615 CONTINUING OPERATIONS Income and net movement in funds derive wholty from continuing operations. The notes on pages 12 to 22 fonn part of these financial statements.

ACTS 435 BALANCE SHEET AS AT 31 JULY 2022 Registration number: 06919051 Note Unrestricted Restricted Fund Fund 2022 2021 FIXED ASSETS Tangible fixed assets Intangible fixed assets 12 13 99 28,800 68,303 68,303 68,303 68,303 28,899 CURRENT ASSETS Debtors Cash at bank and in hand 14 37,096 16,185 38,308 4,650 75,404 20,835 78,188 52,546 53,281 42,958 96,239 130,734 CREDITORS Amounts falling due wilhin one year 15 6,591 42,958 49,549 54,018 NET CURRENT ASSETS 46,690 46,690 76,716 TOTAL ASSETS LESS CURRENT LIABILITIES 114,993 114,993 105,615 NET ASSETS £ 114,993 £ 114,993 £ 105,615 REPRESENTED BY Unrestricted funds Restricted funds 16 16 114,993 114,993 92,323 13,292 £ 114,993 £ 114,993 £ 105,615 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to small companies regime. The financial statements were approved by the Board of Trustees and Directors and authorised for issue on 25 April 2023 and were signed on it's behalf by.. Mr Julian Richer- Trustee and Director Canon P J Warry- Trustee and Director

ACTS 435 STATEMENT OF CASHFLOWS FOR THE YEAR ENDED 31 JULY 2022 Note 2022 2021 CASH FLOWS FROM OPERATING ACTIVITIES Cash generated from operations 9,063 7,024 Net cash provided by operating activities 9,063 7,024 CASH FLOWS FROM INVESTING ACTIVITES Purchase of intangible fixed assets Interest received {40,800} 26 (28,8001 Net cash used in investing activities {40,774} (28,7921 CHANGE IN CASH AND CASH EQUIVALENTS IN THE REPORTING PERIOD (31,711) (21,768) Cash and cash equivalents at the beginning of the reporting period CASH AND CASH EQUIVALENTS AT THE END OF THE REPORTING PERIOD 52.546 74,314 20.835 52.546

ACTS 435 NOTES TO THE STATEMENT OF CASHFLOWS FOR THE YEAR ENDED 31 JULY 2022 1. RECONCILIATION OF NET INCOME TO NET CASH FLOWS FROM OPERATING ACTIVITIES 2022 2021 Net Income for the reportlng perlod {as per the Statement of Financials Activities) Adjustments for: Depreciation charges Amortisation charges Interest received Decrease in debtors Decrease in creditors 9,378 6,836 99 1,297 126) 2,784 14,469) 9,063 100 18) 46,004 (45,9081 7,024 Net cash flow provided by operations ANALYSIS OF CASH AND CASH EQUIVALENTS Cash at bank and in hand 20,835 52,546 20,835 £ 52,546 Cash and cash equivalents amounting to £11,75312021.' £18,127) related to restricted funds. ANALYSIS OF CHANGES IN NET FUNDS At 01108121 Cash Flow At 31107122 Cash at bank 52,546 £ 52,546 131,711) 20,835 1£ 31,7111 £ 20,835 Total

ACTS 435 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022 ACCOUNTING POLICIES The principal accounting policies adopted, judgments and key sour￿$ of eslimation uncertainty in the preparation of Ihe financial slatements are as follows.. a) Legal entity Acts 435 is regulated by the Charity Commission (1131305), limited by guarantee and is registered in England and Wales. The address of the registered office and principal place of business is Gateway Church, The Gateway Centre, Front Slreel, Acomb, York, Y024 3BZ. The Charity is also registered in Scotland {SC042550}. b) Basis of preparing the financial statements The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Praclice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK (FRS102) {effeclive 1 January 20191, the Financial Reporting Standard applicable in Ihe UK, the Companies Act 2006, the Charities Act 2011, the Charities and Trustee Investment (Scotland} Act 2005 and the Charities Accounts (Scotlandl Regulations 2006. ACTS435 meels the definilion of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). The accounts are presented in UK Sterling pounds (£). C) Going concern The TrusteeslDirectors have prepared financial projections, taking into consideration the current economic climate and its potential impact on the sources of income and planned expenditure. They have a reasonable expectation that adequate financial resources are available to enable the Charitable Company to continue in operational existence for the foreseeable future, and have adequate contingency plans in the event that income streams are reduced. Consequently the financial statements have been prepared on the basis that the Charitable Company is a going concern. d) Income Donations Donations receivable for the general purpose of the Charity are credited to "unrestricted funds" Donations for purposes reslricled by the wishes of the donor are taken to "restricted funds" where these wishes are legally binding on the Trustees. other tradlng actlvltles All other incoming resources are included in the SOFA when the Charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Investment income Investment income has been accounted for on a cash receipt basis.

ACTS 435 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022 ACCOUNTING POLICIES - continued e) Expenditure Expenditure is accrued as soon as a liability is considered probable, discounted to present value for longer-term liabilities. Expenditure attributable to more than one cost category is apportioned to them on the basis of the estimated amount attributable to each activity in the year, either by referen￿ to staff time or the use made of the underlying assets, as appropriate. Governance costs are cost5 associated with constitutional and statutory requirements. They include audit fees and estimated costs linked to the strategic management of the Charity. Support costs are those incurred directly in support of expenditure on the objects of the Charity. Grants payable to individuals are recognised as payable from the point at which the corresponding donation is received via the Charity's website. Details of the specific requests pending receipt of the full amount of the donation, and amounts held by churches to dispense to applicants are disclosed in the notes to the financial statements. Tangible fixed assets Tangible fixed assets are included in the financial statements at their historical cost. Depreciation is calculaled to wrrte off the cost of fixed assets over their expected useful lives on a straight line basis. The rates used are as follows.. Computer equipment 33.3 /0 slraight line g) Intangible fixed assets Intangible fixed assets are included in the financial statements at their historical cost. Amortisation is calculated to write off the cost of fixed assets over their expected useful lives on a straight line basis. The rates used are as follows.. Website 20Q/o Straight line Amortisation is included within support costs under charitable activities on the Statement of Financial Activity. h) Taxation As a registered charity, Acts 435 is exempt from the tax on income falling wilhin sections 466 10 493 of the Corporation Tax Act 2010 to the extent that this is applied to its charitable objects. No tax charges have arisen in the Company. i) Fund accounting Funds comprise unrestricted funds which have not been designated for other purposes, and are available for use at the discretion of the Trustees in accordance with the charitable objectives. Designated funds are unrestricted funds earmarked by the Trustees for particular purposes. Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund.

ACTS 435 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022 ACCOUNTING POLICIES - continued j) Pension costs and other post-retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. k) Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. l) Cash at bank and in hand Cash at bank and cash in hand includes cash and any short term deposit accounts with a maturity of three months or less from the date of opening. m) Creditors and provisions Creditors and provisions are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. n) Financial instruments The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

ACTS 435 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022 - continued 3. DONATIONS AND LEGACIES Unrestricted Funds Restricted Funds Total Funds 2022 2021 Donations Gift aid 889,291 889,291 157,668 925,553 128,373 157,668 £ 157,668 £ 889,291 £ 1,046,959 £ 1,053,926 In 2021 the amount of donations and legacies which related to restricted funds was £925,553. 4. INVESTMENT INCOME Unrestricted Funds Restricted Funds Total Funds 2022 2021 Deposit account interest 26 26 £26 £26 In 2021 the amount of investment income which related to restricted funds was £Nil. 5. RAISING FUNDS Unrestricted Funds Restricted Funds Total Funds 2022 2021 Staff costs Public relalions, marketing 17,264 5,512 17,264 5,512 14,000 32 £ 22,776 £ 22,776 £ 14,032 In 2021 the amount of expenditure on raising funds which relaled to reslricted funds was £Nil. 6. GRANTS PAYABLE 2022 2021 Grants payable to individuals 930,480 971,131 £ 930,480 £971,131 Grants to individuals comprises £874,556 (2021.. £876,073) given to meet specific requests limiled to £150 - listed on the Acls 435 website and £55,924 (2021. £95,058) for the Larger Gifts programme run in partnership with Stewardship. In 2021 the amount of grants payable which related to restricted funds was £971,131.

ACTS 435 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022 - continued 7. SUPPORT COSTS Governance Costs Total Administration 2022 2021 Charitable support and governance costs 76,403 7,948 84,351 £ 61,935 £ 76,403 £ 7,948 £ 84,351 £ 61,935 Administration Unrestricted Restricted Funds Funds Total Funds 2022 2021 Wages Pensions National Insurance Bank and online donation fees IT and technical support Telephone Printing, poslage & stationery Sundries Travelling Entertaining Depreciation of tangible assets Amortisation of intangible assets 59,782 935 176 9,691 1,177 72 1,786 412 877 99 99 1,297 59,782 935 176 9,691 1,177 72 1,786 412 877 99 99 1,297 41,405 697 10,887 1,992 183 1,017 55 96 100 £ 76,403 £ 76,403 £ 56,432 In 2021 the amount of administation costs which related to restricted funds was £Nil. Governance costs Unrestricted Restricted Funds Funds Total Funds 2022 2021 Accountancy and external scrutiny fees Legal fees Insurance 6,621 238 1,089 6,621 238 1,089 4,520 63 920 £ 7,948 £ 7,948 £ 5,503 In 2021 the amount of governance costs which related to restricted funds was £Nil.

ACTS 435 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022 - continued NET INCOMEIIEXPENDITUREI Net incomellexpenditure) is slated after chargingl(crediting)'. 2022 2021 Depreciation - owned assets Amortisation - owned assets Audit fees Other accountancylpayroll fees 99 1,297 6,201 420 100 4,251 269 TRUSTEES. REMUNERATION AND BENEFITS There were no Trustees, renumeration or other benefits for the year ended 31 July 2022 {2021'. Nil). Trustees. expenses There were no Trustees, expenses paid for in the year ended 31 July 2022 (2021.. Nil). 10. STAFF COSTS 2022 2021 Wages and salaries Other pension costs National insurance costs 76,719 1,219 219 55,269 832 78,157 56,101 The average monthly number of employees during the year was as follows.. 2022 2021 Employees No employees re￿iVed emoluments in excess of £60,000. The Executive Director is considered to represent the key management personnel of the Charity. Total compensation of £20,190, inclusive of employer national Insuran￿ and pension contribulions was paid in the year {2021'. £19,625).

ACTS 435 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2022 - continued 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Funds Restricted Funds Totsl Funds 2021 INCOME AND ENDOWMENTS FROM Donations, legacies and grants Investment income 128,373 925,553 1,053,926 TOTAL INCOME 128,381 925,553 1,053,934 EXPENDITURE ON Raising funds Charitable activities Grants payable to individuals Charitable support and governance costs 14,032 14,032 971,131 971,131 61,935 61,935 TOTAL EXPENDITURE 75,967 971,131 1,047,098 NET INCOMEI{EXPENDITUREI 52,414 (45,5781 6,836 Transfer between funds 118,833) 18,833 NET MOVEMENT BETWEEN FUNDS 33,581 58,742 (26,7451 40,037 6,836 Total funds brought fomard 98,779 TOTAL FUNDS CARRIED FORWARD £ 92,323 £ 13,292 £ 105,615

ACTS 435 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022 - continued 12. TANGIBLE FIXED ASSETS Computer equipment Total Cost.. At 1 August 2021 Additions 4,827 4,827 At 31 July 2022 4,827 4,827 Depreciation.. At 1 August 2021 Charge for the year 4,728 99 4,728 99 At 31 July 2022 4,827 4,827 Net book values.. At 31 July 2022 At 31 July 2021 £99 £99 13. INTANGIBLE FIXED ASSETS Existing Website New Website Total Cost.. At 1 August 2021 Addilions Disposals 16,214 28,800 40,800 45,014 40,800 116,214) (16,214) At 31 July 2022 69,600 69,600 Amortisation.. At 1 August 2021 Charge for the year Disposals 16,214 16,214 1,297 116,214) 1,297 116,214) At 31 July 2022 1,297 1,297 Net book values.. At 31 July 2022 £ 68,303 £ 68,303 At 31 July 2021 £ 28,800 £ 28,800

ACTS 435 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022- continued 14. DEBTORS 2022 2021 Other debtors- Amounts held by churchesllocal charities Tax- Gift Aid receivable 38,308 37,096 43,257 34,931 £ 75,404 £ 78,188 15. CREDITORS amounts falling due within one year 2022 2021 Trade credilors Social security and other taxes Other creditors Accrued expenses Grants payable 580 371 187 4,788 48,092 983 256 5,352 42,958 £ 49,549 £ 54,018 16. MOVEMENT IN FUNDS Balance blf at Incoming Resourced 01108121 Resources Expenditure Transfers Between Funds Balance clf at 31107122 Unrestricted funds General funds 92,323 157,694 {107,127) (27,8971 114,993 Restricted funds Donations Larger Gifts 846,659 42,632 {874,5561 155,924) 1930,480) 27,897 13,292 13,292 889,291 27,897 Total funds £ 105,615 £ 1,046,985 {£ 1,037,607) £ 114,993 Comparatives for movement in funds Balance blf At Incoming Resourced 01108120 Resources Expenditure Transfers Between Funds Balance cffat 3110712021 Unrestricted funds General funds 58,742 128,381 175,9671 118,8331 92,323 Restricted funds Donalions Larger Gifts 1,850 38,187 855,390 70,163 (876,073) 195,058) 1971,131) 18,833 13,292 40,037 925,553 18,833 13,292 Total funds £ 98,779 £ 1,053,934 {£ 1,047,098) £ 105,615 20

ACTS 435 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022 - continued 16. MOVEMENT IN FUNDS - continued Restricted funds Donations Restricted donations are those given towards requests posted online. Where a specific request has been donated to, the funds will go to that specific individual. Where a general donation towards requests has been given, Acts 435 allocates these funds to specific requests. Each request is a maximum of £150. As at 31 July 2022 there was £4,650 12021.. £4,835) of donations given to specific requests pending receipt of the full amount before sending to the appropriate church or local charity, and a further £38,308 12021.. £39,757) held by, or in the process of being transferred to, different churches or local charities to dispense lo applicanls. Larger glfts A special appeal was run with the help of Stewardship in October 2018, to meet 5 needs larger than those run on the normal Acts 435 website. This appeal was generously supported, and extra funds were raised and have conlinued lo be given. A Larger Gifts fund has therefore been established whereby advocates can apply lo Acts 435 for help with a larger need for someone in their local community where there are no funds to help them, and Ihe need exceeds those they can post directly onto the Acts 435 website. As as 31 July 2022 there was £nil (2021.. £3,500) of donations held by different churches or local charities lo dispense to applicants. Transfers between funds Where requests are expiring and the full amount has not been met by external donors, the Acts 435 team applies general funds to make up these amounts, using a debit Gard and making the donation online in the same way external donors do. This is shown as a transfer from unrestricted to restricted funds which is considered lo most accurately reflect the substance of these Iransactions. Similarly, transfers have been made from general funds to support needs met from the Larger Gifts fund. 21

ACTS 435 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022- continued 17. ANALYSIS OF FUNDS Tangible f ixed assets Intangible fixed assets Current assets Current liabilities Total Current Year Unrestricted funds Restricted funds 68,303 53,281 42,958 (6,591) 142,958) 114,993 £ 68,303 £ 96,239 (£ 49,549) £ 114,993 Prior Year Unrestricted funds Restricted funds 99 28,800 69,350 61,384 (5,926) 148,092) 92,323 13,292 £99 £ 28,800 £ 130,734 (£ 54,018) £ 105,615 18. RELATED PARTY DISCLOSURES During ihe year Acts 435 received a charitable grant of £20,000 {2021.' £Nil) from The Fairness Foundation, a charity of which Julian Richer is also a Trustee. There have been no transactions with related parties in the current year. 22