REGISTERED COMPANY NUMBER: 06919051 IEnEland and Wales) REGISTERED CHARITY NUMBER.. 1131305 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31STJULY 2024 FOR ACTS 435 Thom35 Coombs Limited Statutory Auditor Chartered Accountant5 3365 The Pentagon Century Way Thorpe Park Leeds West Yorkshire LS15 8ZB
ACTS 435 CONTENTS OFTHE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2024 Page Reference and Administratlve Details Report of the Trustees Report of the Independent Audliors Statement of Flnanclal Actlvltles Balance Sheet Cash Flow Slatement io Notes to the Cash Flow Statement li Notes to the Flnanclal Statements 12 to 20
ACTS 435 REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31ST JULY 2024 TRUSTEES C Daniels JPDay J Richer A M Tsang P I Warry COMPANY SECRETARY J Herrera REGISTERED OFFICE The Gateway Centre Front Street Acomb York Y024 3BZ REGISTERED COMPANY NUMBER 06919051 IEngland and Walesl REGISTERED CHARITY NUMBER 1131305 AUDITORS Thomas Coombs Limiied Statutory Auditor Chartered Accountants 3365 The Pentagon Century Way Thorpe Park Leeds West Yorkshire LSIS 8ZB BANKERS Virgin Money 46 Coney Street York YOI 9NQ Patron Archblshop of York, Dr John Sentamu 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 irb subsequent year5 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 3s 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. PaBe I
ACTS 435 (REGISTERED NUMBER: 069190511 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST JULY 2024 The tr¢Jstees 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 31st July 2024. The trustees have adoptèd the provisions of Accounting and ReportinE by Charities.. Statement of Recommended Practice applicable to charities preparinE their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective I january 20191. sconAND 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. OBJECTIVES AND ACTIVITIES OBJECTIVES AND AIMS The aim and objectives of Acts 435 is to directly connett those who want to give with those who are in Eenuine 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 35 clothe5 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 50 desperately needed. SIGNIFICANT ACTIVITIES Acls 435 wa5 Idunched as a pllot In the North Yorkshlre and Humber Reglon In October 2CM)9 and was then launched natlonally by the patron, the Archbishop of York, on the 12th July 2010. During the course of the Covid-19 pandemic the charity was able to operate as normal given the employees all ivork 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. The charity fully funded it5 adrninistration costs through Gift Aid in thi5 and the prior year. The charity seek5 to meet the needs of people in UK poverty quickly, and within one month at most. During the year 100% of requests were met withln one Inonth, wSth the average less than two weeks, many met Sn a matter of days. PUBUC BENEFIT Acts 435 is a website that directly link5 those wanting lo give with those needing their help. Art5 435 focuse5 on providing specific practical help lor those people locally known to be in need in small but significant ways. For each request there is a limit of £200 and an overall limit per family of three requests in total with addilion41 request5 Only in exceptional circurnstances. 100% of donations to request5 80 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 lo 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. EXTERNAL PARTNERSHIPS Acis 435 works with over 600 churches and tharities to help people in need in the community with 100 new partners joinin8 in the financial year. It also works closely with other charities that work through churches lo help people in UK poverty such as Christians A8ainst Povertv, Trussell Trust, Community Money Advice and the St Vincent de Paul Society. FINANCIAL REIAEW Review of financial position at the year end is that at 31 july 2024 the total reserves amounted to £IIO,597, of which £Nil were restricted. Accordingly, the free reserves at the year-end were E70,134. FUTURE PLAMS Goin8 forwardg thè tharity plans to tontinue èxpandinB Itg nètwork of church and loc31 eharlty partnÈrg by workine strateeically wlth othèr Christian charlties, networks and denomlnations. With the constant pressure on the cost of living, we want many more churches and local charities to partner with us and make use of our resource. STRUCTURE. GOVERNANCE AND MANAGEMENT During the financial year the charity had a part-time Executive Director reporting to the Trustees, and three part-time officers cowering Operations and Communications. Collectively the FTE is 2.2. The work was supported by over 600 volunteer Advocates based in local churches and Christian charities. CORONAVIRLIS ICOVID-191 Since the coronavirus pandemic impacted the United Kingdom, Acts 435 ha5 seen an uplift in its donations which has been sustained beyond the year-end. There are Increasing needs but donors continue to meet those needs. Gift Aid receipts each quarter comfortably cover the operating costs of the charity with some excess funds used to help meet the needs on the website. Page 2
ACTS 435 (REGISTERED NUMBER: 069190511 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST JULY 2024 STATEMENT OF TRU5TEES' RESPONSIBILITIES The trustees (who are also the directors of Acts 435 for the purposes of company lawl are responsible for preparing the Report of the Trustees and thè financisl statements in accordance with applicable law and Unrted KinEdom AccountinE Standards Iunited Kingdom Generallv Accepted Accountin£ Practicel. Company law requires the trustees lo prepare financial statements for each financial year which give a true and fair view of the State of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to select suitable accounting policies and then apply them consistentlv- observe the methods and principles in the Charity SORP; make judgernent5 and estimates that are reasonable and prudent,. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements cornply with the Companies Act 2006. They are also respunslble for safe¥uarding the assets of the charStable company and hence for taklng reasonable steps for the prevention and detectlon of fraud and other Irregularltles. In so far as the trustees are aware.. there 15 no relevant audit inforrnation of which the charitable company's auditors are unaware,. and the trustees have taken all steps that they ought to have taken to iiiake theiiiselves aware of any relevant audSt Snlormatioii arid to establlsh that the auditors are aware of that Informatlon. AUDITOR5 The auditors, Thomas Coombs Limited, will be proposed for re-appointment at the forthcoming Annual General Meetin8. Approved by order of the board of trustees on 6th November 2024 and signed on its behalf by.. J Richer- Trustee Page 3
REPORT OF THE INDEPENDENT AUDITOR5 TO THE TRUSTEESAND MEMBERS OF Acfs 435 Oplnlon We have audited the financial statements of Acts 435 Ithe 'charitable company'l fDr the year ended 31st july 2024 which comprise the statement of Financial Activities, the 8alance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their prepaiation is applicable law and United KinBdom AccountinE Standards IUnf(ed Kingdom Generally Accepted Accounting Practicel. In our opinion the fin3ncial statements.. Eive a true and fair view of the stste of the charitable company's affairs as at 315t July 2024 and of it5 incoming resources and application of resources, including its income and expenditure, for the year then ended,. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirements of the Companies Act 2006, the Charities and Trustee Investment Iscotlandl Act 2CK15 and Regulation 8 of the Charities Account51Scotlandl ReBulations 2006. Bas15 lor oplnlon We conducted our audit in accordance with International Standards on Auditing IUKI {ISAs IUKII and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent ol the charitable company in accordance with the ethical requirernents that are relevant to our audit of the financial statement5 in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical resporb5ibilitie5 in accordance with these requirernents. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons relatlng to golng concern In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements 15 appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or condition5 that, individually or collectivelyi iiiay casl slgniflcant doubt on the charitable company's ability lo contlnue as a golng concern for a period of at least twelve months from when the flrbanclal statements are authorised for Issue. Our responsibilities and the re5ponsibilitie5 of the Irustees with respect to going concern are described in the relevant sections of this report. 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 Report of the Independent Auditors thereon. Our opinion on the financial statements cloes not cover Ihe other informaiion and, except to the exient otherwise explicitly stated in our report, we do not express any form of assurance ¢on¢lusion thereon. 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 thig gives rise to 3 m3teri31 misstatement in the fin3ncial statèments themselves. If, basèd on the work we have performed, we conclude that there is a material misstatement of this other inforrnation, we are required to report that fact. We have nothing to report in thls regard. Oplnlons on other matters prescrlbed by the Companle5 Act 2006 In our opinion, based on thè work undèrtakèn in the course of thè 3Lidlt'. the information glven in the Report of the Trustees for the financial year for whlch the financial statements are prepared is consistent with the financial statements,. and the Report ol the Trustees has been prepared in accordance with applicable legal requirement5. Page 4
REPORT OF THE INDEPENDENT AUDITOR5 TO THE TRUSTEESAND MEMBERS OF Acfs 435 Matters on whkh we are requlred to report by ex¢eptlon In the 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 mi5Statements in the Report of the Trustee5. We have nothing to report in respect of the following matters wherè the Companies Act 2006 and the Charities Accounts Iscotlandl Regulations 2006 las amended) requires us to report to you if, in our opinion.. adequate and proper accounting records have not been kept or returns adequate for our audit have rbot been received from branches not V151ted by u5, or the financial statements are not in agreement with the accounting records and returns,. or certain disclosures of trustees, remuneration specified by law are not made,. or we have not received all the information and explanations we require for our audit,. or the trustees were not entitled to take advantaKe of the Small companies exemption from the requirement to prepare a Strategic Repcsrt or irb preparing the Report of the Trustees. ResponsSbi1Stles of trustees As explained more fully in the Statement of Trustees, Responsibilities, the trustees are responsible for the preparation Df 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 pTep£)ring the flnanclal statement5, the trustees are respo)nbible for assessing the charitable compiiny's <ibility to continue as a golng concern, dlscloslng, as appllcable, matters related to golng concem and u51ng the goSng conLern basls ol accountln8 unless the trustees elther intend to liquidate the charitable company or lo cease operations, or have no realistic alternative but to do so. Page S
REPORT OF THE INDEPENDENT AUDITOR5 TO THE TRUSTEESAND MEMBERS OF Acfs 435 Our responslbllltles for the audlt of the Ilnantlal statements 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 a Report of the Independent Auditois that include5 our opinion. Reasonable assurance is a hi8h level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI 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, Based on our understanding of the entity and industries in which it operates. we identified the principal risks of non-compliance with laws and regulations related to Adoption services. We also considered those laws and regulations that have a direct impact on the preparation of the financial staternents such as the Companies Act 2006, tax legislation and the Financi31 Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. We a55essed the susceptibility of the company's financial statements to material misstatement and how fraud might occur, including through discussion5 Wlth the directors, discussion5 Within our audit team planning meeting, updating our record of internal contro15, and ensuring these controls Operated as intended. We determined the principal risks were related to posting journal entries to manipulate profits, and management bias in accounting estimates. To addre55 the risk of fraud through mana8ement bias and override of controls. we.. Performed analyticdl procedures to Identify any unusual or unexpeited reldtlon5hSps. Identlfled and tested journal entrle5 and Identlfled any slgnlflcant transactlons that were unusual or outslde the normal course of busSness. Investigated the rationale behind significant or unusual transactions. - Challenged a55umptions and judgements made by management in determining significant accounting estimates. In re5por15e to the risk of irregularities and non-compliance with laws and regulations, we designed audit procedures which included, but were not1SmSted to.. Agreeing financial statement5 disc105ures to underlying 5UPPOrting documentation. Discus5i0ns with management of known or suspected instance5 of non-compliance with laws and regulaiions. Reviewin8 relevant available correspondence. Al the completion stage of the audit, the ensagemenl partner's review included ensuring that the team had approached their work with appropriate profession31 scepticism and thus the capacity to identify non.compliance with law5 and regulations and fraud. There are inhereni limitalions in the audit procedures described above and ihe further removed non-compliance of laws ancl regulations is from the evenls and tr?nsaclions reflected in the finon¢iol statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement relating to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment. A further description of our responsibilities for the audit of the firbancial statements is located on the Financlal Reporting Coun¢il's website at www.fr¢.org.ukl3uditorsresponsibilities. This description forms part of our Report of the Indepèndent Audiiors. Page 6
REPORT OF THE INDEPENDENT AUDITOR5 TO THE TRUSTEESAND MEMBERS OF Acfs 435 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'5 trustees, a5 a bodyi in accordance with Re8ulation 10 of the Charities Accounts1Scotlandl Regulations 2006. Our audit work has been undertaken so that we might state to the charitable company's members and the trustees those matters we are required to state to them in an 3uditors' 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 and the charitable company's members as a body, for our audit work, for this report. or for the opinions we have formed. Christopher Jame5 Darwin Isenior Statutory Auditorl for and on behalf of Thomas Coombs Limited statutory Auditor Chartered Accountants Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 3365 The Pentagon Century Wav Thorpe Park Leeds West Yorkshlre L515 8Z8 6th November 2024 Page 7
ACTS 435 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST JULY 2024 2024 Total funds 2023 Total funds Unrestricted fund Restricted fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 163.169 977.153 1.140.322 1,148,991 Investment income Totsl 528 163.697 528 1.140.850 136 1,149,127 977.153 EXPEMDITURE ON Raising funds 28,236 28,Z36 24,951 Charitable activitie5 Charitable support and governanace costs Grants payable to individuals Total 111,743 111,743 1001654 1.141.633 113,839 1013 950 1,152,740 1001654 1.001.654 139.979 NET INCOMEIIEXPENDITUREI Translers between funds Net movement In funds Z3,718 24,501 17831 {24,5011 17831 13,6131 16 17831 13,6131 RECONCILIATION OF FUNDS Total funds brought forward 111,380 111,380 114,993 TOTAL FUNDS CARRIED FORWARD 110 597 110 597 111380 The notes form part of these financial statements Page 8
ACTS 435 (REGISTERED NUMBER: 069190511 BALANCE SHEET 31STJULY 2024 2024 Total funds 2023 Total funds Unrestricted fund Restricted fund Notes FIXED AS5Efs Intangible assets 12 40.463 40.463 54,383 CURRENT ASSETS Debtors Cash at bank 14 39,452 44,162 83,614 55,576 3,795 59,371 95,028 47,957 142.985 79,847 30,107 109,954 CREDITORS Amounts falling due within one year 15 113,4801 159,3711 {72,8511 152,9571 NET CURRENT ASSETS 70,134 70.134 56,997 TOTAL ASSETS LESS CURRENT LIABILITIES 110,597 110,597 111,380 NET ASSETS FUNDS Unrestricted funds TOTAL FUNDS 110 597 110 597 111380 16 110,597 110 597 111,380 111380 These financial statements have been prepared in accordance with the provision5 applicable to charitable companies subject to the Small companie5 regime. The financial ststements were approved by the Board of Trustees and authorised for issue on 6th November 2024 and were si8ned on its beha by.. J Richer- Trustee P J Warry- Trustee The notes form part of these financial statements Page 9
ACTS 435 CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST JULY 2024 2024 2023 Notes Cash flows from operatlng artlvltles Cash generated from operations Net cash provided by operating activities 17.332 17,332 9,149 Cash flows from investing activities Interest received Net Cash provided by investing activities 518 518 123 123 Change in cash and cash equivalenls in the reportlng perlod Cash and cash equlvalents at the beglnnlng ol the reporting period Cash and cash equivalents at the end of the reportin8 period 17,850 9,272 30.107 20,835 The notes form part of these financial statements Page 10
ACTS 435 NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST JULY 2024 RECONCILIATION OF EXPENOITURETO NETCASH FLOW FROM OPERATING A1VITIES 2024 2023 Net expendlture for the reportlng perlod las per the Statement of Flnanclal Activities) Adjustments for,, Depreciation charges Interest received Increase in debtors Increase in creditors Net cash provided by operations 17831 13,6131 13,920 15181 115,1811 19,894 13,920 11231 14,4431 3,408 ANALYSIS OF CHANGES IN NET FUNDS At 118123 Cash flow At 3117124 Net cash Cash at bank 30.107 30,107 17.850 17,850 47.957 47,957 Total The notes form part of these financial statements Page 11
ACTS 435
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024
ACCOUNTING POLICIE5
Basls of preparlng the flnantlal statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance
with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charitiès
preparing their accounts in accordance with the Financial Reporting standard applicable in the UK and Republic of Ireland IFRS 1021
(effective l January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable In the UK and Republic of
Ireland. and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Acts 435 meets the definition of a public benefit entity uDder FRS102. Assets and liabilities are initially recogni5ed at historical cost or
transaction value unless Otherwise stated in the relevant accounting policy notelsl.
The accounts are presented in UK Sterling pounds (£1.
Golng concern
The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The
trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising
the flnanclal statements.
Income
Donation5
Donations receivable for the general purpose of the Charity are credited to "unrestricted fund5"
Donations for purpose5 restricted by the wishes of the donor are taken to 'restricted funds where these wishes are legally binding on
the Trustees.
Other trading a
ACTS 435 NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST JULY 2024 ACCOUNTING POLICIE5- Contlnued Tanglble flxed assets TanEible fixed assets are included in the financial statements 3t their historical cost. Depreciation 15 calculated to write off the cost of fixed a55et5 over their expected useful live5 on a straight line basi5. The rates used are as follows.. Computer equipment- 33.3% straight line. Taxatlon As a registered charity, Acts 435 is exempt from the tax on income falling within sections 466 to 493 of the Corporatlon Tax Act 2010 to the extent that this is applied to its charitable objects. No tax charges have arisen in the Company. Fund accountlng 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 purpuses. Restricted funds are to be used for speclflc purposes as laid down by the donor. Expend5ture which meets these criterla Is chargecl to the fund. Pension costs and other p05t-retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable compar)y's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Debtors and credltor5 recelvablelpayable wlthln one year Debtors and creéitors with no staled interest rate and receivable or payable within one year are recorded at transaction price. Anv losses arising from impairment in expenditure. DONATIONS AND LEGACIE5 2024 2023 DonatlDns Gilt aid 977,153 163,169 1 140 322 993,617 155,374 1 148 991 INVESTMENT INCOME 2024 2023 Deposit account interest Other income 518 io 528 123 13 136 Page 13 continued...
ACTS 435 NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST JULY 2024 RAISING FUNDS Ralslng donatlons and legacles 2024 2023 Staff costs Public rèlations, marketing 25,789 23,426 CHARITABIE ACTIVITIES COSTS Giant funding of Suppgrt costs (see note71 (see note 61 Totals Charitable support and governanace costs Grants payable to Indlvlduèls 111.743 111,743 1,001.654 1113 397 1.001.654 1001654 111743 GRANTS PAYABLE 2024 2023 Grant5 payable to individuèls 1013 950 Grants to individuals comprises £1,001,65412023.. £1,013,950) given to meet specific requests - limited to £200 - listed on the Acts 435 website. SUPPORT COSTS Governance costs Management Totals Charitable sUPPOrt and governanace costs 111 743 Support costs, included in the above, are as follows.. 2024 Charitable support and governanace cost5 2023 Total ctivities Wage5 Soclal securlty PensivTr5 Telephone PostaE2 and stationery General Administrative Expense Advocate Gathering IT and technical support Carried forward 60,886 1,673 1,290 72 1,515 2,706 56,597 460 1,172 72 241 2,688 511 20,150 81.891 5,450 73.592 Page 14 continued...
ACTS 435 NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST JULY 2024 SUPPORT CQST5- contlnued 2024 Charit3ble support and 2023 governanace costs Total activities Brought forward Travelling Bank charges Amortisation of intangible fixed assets Insurance Audit and accountancy fees Legal fees 73,592 716 9,296 13,920 1,166 13,053 81,891 994 8.621 13,920 1,132 7,268 13 113 839 111743 NET INCOMEIIEXPENDITUREI Net income/lexpenditurel is stated after ¢harging/lcreditingl'. 2024 2023 Website amortisalion Auditor remuneration-current Auditor remuneration-prior 13,920 12,180 13,920 TRUSTEES, REMUNERATION AND BENEFITS There were no tru5tees' remuneration or other benefit5 for the year ended 31st july 2024 nor for the year ended 31st July 2023. TNstees' expenses There were no trustees, expenses paid for the year ended 31st July 2024 nor for the year ended 31st July 2023. io. STAFF COSTS 2024 2023 Wage5 and salaries Social security cost5 Other pension CQSts 85,947 1,874 1,817 79,386 635 The Executive Dlrector 15 tonsldered lo represent the key management personnel of the Charity. Total compensation of £21,277, inclusive of employer national insurance and pension contributions, wa5 paid in the year 12023.. £20,663). Page 15 continued...
ACTS 435 NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST JULY 2024 io. STAFF COSTS- rnntlnued The average monthly number of employees during the year was as follows.. 2024 2023 Permanent staff No employees received emoluments in exces5 of £60.000. The average full lime equivalent of employees durinE the year was 2.212023-. 2.21 ii. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted lund Restricted tund Total funds INCOME AND ENDOWMETr4TS FROM Donations and le%acies 155,374 993,617 1,148,991 Investment income Total 136 155,510 136 1, 149 127 993,617 EXPENDITURE ON Raising funds 24,951 24,951 Charltable actlvltles Charitable support and governanace costs Grants payable to individuals Total 113,839 113,839 1,013,950 1 152 740 1,013,950 1 013 950 138790 NET INCOMEIIEXPENDITUREI Transfers between funds Net movement in funds 16,720 20,333 13,6131 {20,3331 20,333 13,6131 13,6131 RECONCILIATION OF FUNDS Total funds brought forward 114,993 114,993 TOTAL FUNDS CARRIED FORWARD 111380 111380 Page 16 continued...
ACTS 435 NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST JULY 2024 12. INTANGIBLE FIXED ASS5 Website COST At 1st August 2023 and 31st July 2024 AMORTISAnON At 1st August 2023 Char8e for year At 315t july 2024 NET BOOK VALUE At 31st july 2024 At 31st july 2023 15,217 13.920 29.137 13. TANGIBLE FIXED ASSETS Computer equipment COST At 1st August 2023 and 31st July 2024 DEPRECIATION At 1st August 2023 and 31st July 2024 NET BOOK VALUE At 31st july 2024 At 31st july 2023 14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Amounts held by partner churche5llocal charitie5 for distribution to beneficiaries Tax-Glft aid recoverable 55,576 41,816 38,031 Page 17 continued...
ACTS 435 NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST JULY 2024 15. CREDITOR5: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Social security ard other taxes Other creditors Grants payable Accruals and deferred income 896 404 59,371 12,180 894 340 45,296 6,427 2024 2023 Opening liability obligation Amourts paid Grants awarded Closin8 liability obligation 45,296 1987,5791 1,001,654 42,958 11,011,612) 1,013,950 45,296 16. MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 3117124 At 118123 Unrestrlcted fvnds General fund 111,380 23,718 114,501} 110,597 Re51rlrted funds Donations 124,5011 24,501 TOTAL FUNDS 111380 7831 Net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement infunds Unrestricted funds General fund 163,697 (139,9791 23,718 Reslrirted funds Donations 977,153 11,001,654) 124,5011 TOTAL FUNDS 1140 850 11416331 7831 Page 18 continued...
ACTS 435 NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST JULY 2024 16. MOVEMENT IN FUNDS- contlnued Comparatlves for movement In funds Net movement in funds Transfers between funds At 31/7123 At 118/22 Unrestrlcted funds General fund 114,993 16,720 120,3331 111,380 Restrlrted fund5 Donations 120,3331 20,333 TOTAL FUNDS 114 993 111 380 Comparative net movement in funds, included in the above are as follows- Incoming resources Resources Èxpended Movemerbt infunds Unrestrlcted funds General fund 155,510 1138,7901 16,720 Restrlcted funds Oonation5 993,617 11,013,950) 120,3331 TOTAL FUNDS Resirl¢ted funds Donatlons Restricted donations are thos? given towards requests posted online. Where a specific request ha5 been donated to, the funds will go to that specific individual. Where a general donation towards requests has been given, Atts 435 allocates these funds to speciflc requests. Each request Is a maxlmum of £200. As at 31 July 2024 there was £3,79512023.. £3,480) of donations given to specific requests pending receipt of the full amount before sending to the appropriate church or local charity, and a further £55,576 12023.. £41,8161 held by, or in the process of being transferred to, different churche5 or local charities to dispense to applicants. Transfers between lunds Where requests are expirin8 and the full amount has not been met by external donors, the Acts 435 team applies general funds to make up these amounts, settinE up an offline general donation and 311ocating to live requests that are on the website. This is shown a5 a transfer frorn unrestricted to re51ricted fund5 which is considered to most accurately reflect the 5ub5tance of these transaction5. Page 19 continued...
ACTS 435 NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST JULY 2024 17. RELATED PARTY DISCLOSURE5 Transartlons wlth partner thurchesllocal charltles lor dlstrlbutlons to beneflclarles During the year funds of £1,70012023.. £1,070) were paid in grants to beneficiaries via Community Money Advice and £14,43012023.. £9,320) via St Marys Church, Scarborough. One of the trustees is 3 member of the management team of these organisations. The trustee5 are not involved in the decision making of which request5 are met and grants are made on the same term5 a5 all other charity beneficiaries. During the year funds of £2,21512023.. £2,595) were paid in grants lo beneficiaries via Gateway Church, York. One of the members of key mana8ement personnel of Acts 435 is on the leadership team of thi5 church. Page 20