Company registration number. 06951383 Charity registration number: 1132125 Ecumenical Parthership Initiatives known as Chaplaincy at London Luton Airport IA company limited by guarantee) annual Report and Financial Statements for the Year ended 31 March 2024
Ecumenical Partnership Inttiatives Contents Reference and Administrative Details Trustses, Report 4-12 Statement of Trustees, Responsibilities 13 Independent Examinetrs Report 14 Statement of Financial Activities 15 Balance Sheet 16 Notes to the Financial Statements 17-23
Ecumenical Partnership Inltlatlves Reference and Admlnlstrative Detalls Trustees Anthony M Charles. (Chair) Michael J Hart, {Treasurer) Desmond Scott Ven David Middlebrook David Pickett (appointed 29 July 2024) Other Offlcers Mr. Alistair Burt, Patron Rt Rev A Smith. Bishop of St. Albans, Patron Baroness Dorothy Thornhill, Patron Princlpal Offlce st. Albans Diocesan Office 41 Holywell Hill st. Albans Hertfordshire AL11HE Company Regl8tratlon Number The charity is incorporated in England. 06951383 Charlty Reglstratlon Number 1132125 Bankers Barclays Bank plc London Corporate Banking Independent Examlner John R Reeds FCA 48 St Peters Road Buxton SK17 7DX
Ecumenical Partnershlp Initiatives Trustees, Report The trustees, who are directors for the purposes of company law. present the annual report together with the financial statements of the charitable company for the year ended 31 March 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) °Accounting and Reporting by Charities" (FRS 102) in preparing the annual report and financial statements of the charity. The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and compty with the charity's goveming document, the Charities Act 2022 and 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 published in October 2019. Objectlves and actlvltles Objects and aims. Purpose I Vlslon Enabling people to encounter God's love through inspiring and resourcing Chap- laincy and championing that work in the wider wortd. Values Empowering Chaplaincy.. We believe in Chaplaincy and our DNA is to inspire and resource more Chaplains to joumey alongside people where they are. Demonstrating God's love.. We will seNe anyone reganyless of their age, gender, r, sexuality, faith, ability or status. Collaborattve: W8 lov8 Worting with Othe who share our values, and we believe it adds value to what we do. Listening to God l Llstening to others.. We are prayerful, we look to Jesus for our inspiration and seek to follow his lead. We also passionately believe in listening to those we seNe and seek to speak pmphetically in different contexts. Hopeful: We believ8 in a God who transfom7s lives and situations. We do thls through: Being present and listening. Serving, supporting and valuing people. Affirming and enhancing workplace communities. Providing expertise in practical, pastoral. ethical, social and spiritual care.
Ecumenical Partnership Initiatives Trustees. Report Objectives, strategies and actlvltles ere Chaplaincy is empowered and equipped to work effectively. it improves people's well- being and life chances, whether in the Workpla or in the lives of those we work with through the airport guests. We aim to.. Provide Chaplains in these areas and ensure that they are trained and equipped to do the role effectively. Equip workplace Chaplains to be a voice and a presence of the church in the work- place to reveal the design and dignity of work. Get among the distressed and vulnerable at their point of need Make a difference in the lives of those we work with by demonstrating God's love for every individual. Chaplains seek to.. Work to high standards and ethical principles providing a confidential listening ear of- fering emotional, moral and spiritual supporL They are independent, providing care for welfare and spiritualty, sharing the joys and sorrows of the workforce. Those visiting or travelling through the airport many who are often vulnerable and in need,. to walk alongside them. advocate for them, helping them find the support and help they need while at all times encouraging them to see their worth and value. Share the love of God through word and action. Chaplains do not proselytize, but they are proactive in their presence - being a voice - to speaking out against poverty and injustice, teaching the design and dignty of life and work and, when invited, sharing the Christian fatth. At times of significant crisis, the Chaplain's support for those we work with both corporately and as individuals is priceless. Equip themselves with the knowledge of other professional services such as support far the homeless or refugees, and signpost to these ServIS when appropriate. They provide a high-quality multi faith Chaplaincy Key to the success of the chaplaincy is good partnership working. Partnerships with the airport community, with the wider community in which we operate. and also the denominations and faith whose support for our work is vital
Ecumenical Partnership Initiatlves Trustees. Report A year of change This year has been a further year of change for the organisation, building on the changes of last year. Waterways Chaplaincy, which was part of the original work, established Ftself as an independent Charty early 2023 and the remaining Airport Chaplaincy became the main focus of EPI ath'vity and so trustees undertook all the structural changes needed to make it fit for purpose These changes included amending the articles of association to reflect the Chaplaincy at London Luton Airport as the main work of the charity. As part of that although we retained the registered name as Ecumenical Partnership Initiats'ves, we changed the working name from Workplace Matters to Chaplaincy at London Luton Airport to reflect more accurately what we l am pleased to say that through all these thanges bolh of the chaplaincies have continued to thrive Concluslon We are most grateful to our volunteers for the service they are delivering to the public through our Chaplaincy and wholeheartedly thank trustees and stsff for their energetic response to the challenges, and for their steadfast work, not only to keep the charity afloat, but to see it grow. Achlevements and perforniance Details of the difference the charity has made and the benefft to the public of the activities it has undertaken are given below. H wdowem asure our suc ess? 1. Increasing the number of people that we are able to assist through our work. 2. Being able to measure the tangible difference we make in the lives of those we meet. 3. Through secular and Christian media coverage highlighting the work we do. 4. Feedback from those we work with and organisations we work in partnership with.
Ecumenlcal Partnershlp Inltlatlves Trustees. Report l. Increasin the number of le that we are able to assist throu h our wor The team continued to work in partnership with Noah Enterprise, the local homeles ness charty. in supporting foreign nationals that become stranded in the UK and some British people who tum up at the Airport wrth nowhere to live! The Chaplaincy continued to support those arriving fleeing the war in Ukraine and other refugees fleeing persecution. They were involved with a small number of PatriatiOn cases in conjunction with the Foreign, Commonwealth & Development Office (FCDO) . Wrth rising numbers coming back through the airport since the pandemic the Chaplaincy have seen an increase in requests for their support. The relatively new landside prayer room was well used by people of all farths and none. Chaplains often 'hang around, there and were available for the stsff and visi- tors who came to use it. Pastoral support has been given to staff feeling the pressure as guest numbers grow and new recruitment takes place. Christian prayers were held in the Landside Prayer Room, every day of Lent (except Saturdays). Regular Muslim prayers are said every Friday led by the Imam . 2. Beln meet. able t ure the Ibl dlffe ncew make In th Ilv of those we This is seen in the stories of the lives we have impacted through the Chaplaincy. There are too many to detsil but below are a few stories that reflect the work we do. Storle? of transfomiatlon: London Luton Alrport Chaplalncy Story 1 A young woman missed her flight to Edinburgh (EDI) because the flight she was on from Tel Aviv arrived late. She was in quite a state when we met her. Thankfully, were able to get in touch with her family, who were dearly very worried about her. Her father had been at Edinburgh to meet her, but she just didn't tum up - he was unaware at that point that she had missed the conneth"on. I he young woman was Conrned that her family would be cross with her but I assured her thev just seemed worried when I contacted them. Her brother was also on the phone to me - Conrned she'd been drinking. I said I couldn't be certain, but I wouldn't be surprised. Her father is a military Chaplain in the US army, so clearty understands my role s a Chaplain.
Ecumenical Partnership Initlatlves Trustees. Report Dad. in one of his calls said that the reason for meeting her in Edinburgh was to get her home to look after her as she had had a 'breakdown'. The family are Jewish and she has rentlY been looking at her faith again for the first time in years. so we had quite a discussion regarding the tenets and benefits of faith. The ground handling team, who had bn really good with her throughout arranged rescue fee (available in some circumstances when people have missed flights) for a flight that evening. Her Father was very keen to pay back any money that we spent on getting her home. We received a message later in the evening to say that she had arrived safely and was safe and well with her family. We were not charged for the flight by the airline which was really kind. l immediately contacted the Father- who had already sent the money to my account. He was happy for the chaplaincy to keep the money, because he appreciates the really important worf( that we are doing here and especially how we looked after his daughter. Story 2 A family with three Autistic children missed their return Ilight to Belfast due to delay in security because of questions over some of their medication. One of the Guest Experience Team (GXAS) (the Chaplaincy work very closely with this team and often where they turn for support,) asked for assistance. They had already negotiated with easyJet to transfer them onto flight tomorrow - but they needed a hotel to stay in overnight. The Mum was very upset at missing the flight and trying to deal with the family. The Guest Experience Team helped to book the necessary rooms at a local hotel. By the time it was all sorted we had helped mum to calm down and know that everything would be all right and she was so grateful for the help given her by the chaplaincy and the GXA - we were heroes in her eyes. She was especialty moved as she said they felt that they had reached rock bottom and didn't know what to do, so they prayed! She believed that she had received a direct and prompt answer to their prayers! I told her always to remember that it was a Muslim and a Christian that came to assist her- and that we can and do work together for goodl Sustalnabillty of the LLA Alrport Chaplalncy Since the war in Ukraine and other confiicts it has signtficantly increased the profile of the Chaplaincy and created a new interest in supporting the ministry. As part of the future development of the Chaplaincy the trustees are creating a new management group representing the airport and interfarth aspects of the Chaplaincy to help build up the work and increase the number of volunteers. The new prayer room landside is being well used and we are gradually reintroducing the ServIS initialty through special seasons and progressively adding regular prayers for those who work in the building. All these elements will, together wrth the ongoing support of the denominations. we believe, enable the long-term sustainability of the work.
. Ecumenlcal Partnershlp Initiatlves Trustees, Report 3. Throu h secular and Chrlstian media covera ehl hli htin the work we do We are advertised widely through the airport networks. The Senir Chaplain was featured on local television and radio for the Chaplaincy role. We continued to be recommended and highlighted by the authorities we work with. We had positive arb'des in several magazines and in airport news. 4. Feedback from those we work wlth and o anlsatlons we work In artnershl with Trustees would like to acknowledge the financial support they have received.. Funding for the airport chaplaincy provided by London Luton Airport, the Diocese of St Albans. the Bedfordshire, Essex and Hertfordshire Circuit of the Methodist Church, the Bapt'st Church of Great Britain, the United Refonned Church and the Religious Society of Friends. We are also indebted to a number of individual churches and individuals who support the work financialty. Alberto Martln CEO of London Luton AlOrt It was an honour to attend the Chaplaincj, event, and l am grateful for the opportunity to witness the incredible wort( being done by our Chaplaincy team 8nd the support from the trustees and the community.
Ecumenical Partnershlp Initiatives 7rustees' Report Public benefit The trustees confirn that they have complied with the requirements of section 4 of the harities Act 2011 to have due regard to the public benefft guidance published by the Charity Commission for England and Wales. More details of how the charity has provided public benefits can be found in the achievements and perf0mlan section of this report. Use of volunteers Chaplaincy at London Luton Airport values highly the contribution made of the volunteer Chaplains and trustees who give of their time freely. The value of their contribution is not included as income in the Statement of Financial ActivÉties. Staff We have 1 Full time Chaplain based at London Luton Airport together with 8 volunteers. The charity administration functions are carried out by the trustees. Board changes The board remained the same throughout the year and were joined by David Pickett in July 2024.
Ecumenlcal Partnership Inltlatives Tnvtstees, Report Financlal revlew Incorne for the year £82.712 (2023: £167.192) and expenditure for the period was £59,249 (2023: £126,202) resulting in net income of £23,463 (2023". £40.990). The balance of unrestricted funds at the end of this financial period amounted to £61 ,550 (2023 £34.149) and the balance of restricted funds totslled £47.260 (2023.. £51,198). The Chaplaincy at London Luton Airport do not accept funding from organisations or activities that are materially inconsistent with our values and are also mindful of the danger of undermining the credibility, effectiveness and unty of the Church's witness were they to do so. Pollcy on reserves The trustees believe a level of free reserves equal to 12 months of the Chaplains expenditure to ensure a smooth execution of the trust and rts work in the event of a serious reduction in income. At current levels of expenditure, this amounts to £49,240. It is planned to use the remaining £12.310 in reserves to fund a part time administration role for the first two years to support the Senior Chaplain and the trustees to grow the Chaplaincy and build the fundraising income needed for the increased wor Free reserves on 31 March 2024 total £61,550. Funds continue to be monitored carefully to ensure this is maintained Investment pollcy and objectlves The charity has no long-term investments. Risk Management The Board review the risks annually at their spring meeting and monitor them every quarter. They are content that the controls in place are adequate. The main risks in 2023124 were. 1. Loss of funding Much of our funding is annual funding from denominations and individuals who have supported the work for many years. Their continued support has meant this has r duced any risk and therefore the impact was minimal. 2. Safeguarding All trustees and volunteers must undergo nab'onal safeguarding training before com- mencing any duties on their own. The organisation has a lead Safeguarding Officer and a Safeguarding Trustee who feview the work. 3. Reputational Risk I he communities in which we work are overseen by a small number of regulatory agencies and companies where, if there was an issue, it could impact the relationship and our ability to do the worf(. li
Ecumenlcal Partnershlp Initlatlves Trustees. Report Structure* governance and management Nature of governing document Chaplaincy at London Luton Airport is the working name of Ecumenical Partnership Inrtiatives which is a registered Charity and a company limited by guarantee. The Company is governed by its Memorandum and Articles of Association (the governing documents). In the event of winding up, Members, liability is limited to £1 each. Recrultment and appolntment of trustees As of 31 March 2024, the Board comprised four trustees. They are collectively responsible for the oversight of the management of the affairs of the Charity. They are subject to election or re4election according to procedures set out in the goveming document. All members of the Board give their ts.me voluntarily and receive no benefits from the Charity. The trustees may claim reasonable expenses in connection with their duties as trustees. On appointment, each trustee is given an induction by the Chair and Company Secretary, together with copies of Charity Commission guidan on being a trustee and organisational policies and procedures. Their responsibilities include the oversight of the business of the Chaplaincy at London Luton Airport. regular review of the finances, risk management and monitoring of projects. The period of appointment is for three years and is renewable for further tenns. The Board has delegated day to day management of Chaplaincy at London Luton Airport to the Senior Chaplain who reports on the performance of the organisation to the board. Organlsational structure The Senior Chaplain has responsibilty for planning and developing the services and strategies for the Chaplaincy at London Luton Airport wrthin the vision. policies and procedures set by the board of Directors. The Senior Chaplain ensures that the volunteers are recruited and supported to provide the skills and expertise needed to run a successful organisation and that the Chaplaincy at London Luton Airport goals and values are observed. The trustees together wrth the Senior Chaplain is also responsible for Fundraising, PR and Extemal and Intemal Communicats'ons. The Trustees manage the administration of the Chaplaincy at London Luton Airport, Des Scott, one of the trustees acts as Company Secretary and provides first-contsct information for the Board of Directors. The Senior Chaplain, together with the Treasurer. is responsible for the financial management and maintenance of accounts, budgets and reports. The Treasurer, prepares and presents quarterly reports to the Board and other reports as required. The annual report was approved by the trustees of the chanty on 16 Sept 2024 and signed on its behalf A M Charles Chair of Trustees 12
TnMt8es (W are aso E¢xHnthcal Pathwslvp Ii¥tiatsves for the purposes of company knv) are r&p(XIb1o for preparhu tho Intstees. report and the ffftancial atwnents In Accounting Practic8) arnt applable law xl re9ations. they glve a tri and lair ofth8 State of affaiY8 of the cunpary and of ts incoming r•aourceG arKI appllcatson of resource& Indudkng Its tsKomo arKI exdIti1[e for that p8rKJd. In preparlry these statem. th8 Ite85 arn wulrnd to.. . ob8arve th• mthd• and tslpl88 In thè Chwths SORP 2019 (FRS102); The truStS are respon8lble for koeplThJ aCc(ntIng records that aro 8uffld8nt to Show and eyplaln ts tharltabkn compwrfs trcln8 WKI disclose wtth reanth accuracy at any tlme th flnanclal p081tk)n of the chwitable o)mpary thom to on8urn that tho finandal statsmts compty wlth the Ccffipanl88 Act 20Cffj. Tlw arn a0 r•SPsU0 for 8akguwdlng as88ts of Ihe Gharttable company and y•v&ttlon WKI d•t8ctlon offraud and othar Irr•3ularl#os. Approv•d by1ho tr(*t of the dwlty on th• sign•d cffi It8 bf. Chalr ol Tru818
31 2024 vthKh are s& on pages 1&2& R•oponslbAlllles a1 IM•ls As the cbarfty tsus of the elynp (and 0 ib dlre(kn for the puryxms of compary law). you Companies Ad 21K16 fthe 2006 Arf). Havlr4J satisfied my8dl that tha accrAnl8 of the COMP are rwimred to b8 audited under Part 16 of 20C6 Act are for #Klep examirnllon, I report In rnspect of my xarninan of your cornwrfs as carrf&l Ufxler sedion 145 of the Charities Act 2011 {Yhe 2011 ACY). In Cwrytr out my eXamWli0n. I fthyed the Direclions by the Charty Commlssion urthr sedicm 145(5)(b) 2011 A wlth the examinallon ghring ffkg wse to bettwe that in any mtsial resp 1. 8ccountlng re(xKd8 wwe not keFI kn rw rf the as requ11 by 8acts. 386 of the 2CrfJ6 Act: or olher any that gfve a and fair viv# lch is not a matter 4. ts accourt8 have rK prOred In ac(¥xd¥dKe methods prlrKiples of the Statement of Recomme Prackn kn accourity and rqjorting by chariti2s applicab to applicab in the UK RqJul d IthKI (FRS 102). I have no canc8mg have come auoss no in Conne(*1¢ vAh the examlnatk•n to Dat&. 18 Septanbw 2024 14
Statement of Finaneial Activiti for the Perd ended 31 Marcb 2024 (Includlng Ineome and Expenditsre Aeeount and Statement of Totsl Recogllffis Gains and Lwses) unrestrict Restricted funds funds Total Funds 2024 )te Income and Endowments from: Charitable activities Investment income Other incoff Total Income Expenditurn on: Charitable activlties Total Expenditure Net income/(expenditure) Net transfer between funds Net movement In funds 66,467 744 15,501 81,968 744 67,211 15,501 82,712 5 (52,259) (6,99)) {52,259) 16,990) 14,952 8,511 12,449 {12,449) 27,401 (3,938) 159,249) (59,249> 23,463 23,463 Reconcillation of funds Total ndS brought forward Net movement in funds Total ndS Ca1 forward 34,149 27,401 61,550 51,198 {3,938) 47,260 85,347 {3,9381 108,810 11 Unro8tricted Restrlcted funds funds Totsl Funds 2023 Nots Income and Endovmients from: Charitable actlvltles Investment income Other income Total Income Exp&nditurn on: Charitable activities Total Expenditure Net income/(expenditure) Net transfer between funds Net movement in funds 4,671 147.813 257 14,451 19.379 147,813 152,484 257 14,451 167,192 5 (12,330) (113,872) (12,330) (113,872) 7,049 33,941 (34,149) 34,149 (27,IlJJl 68,090 1126,202) (126,202) 40,990 40,990 Roconclliation of funds Total funds brought forward Funds Return to Waterways Fund Tota] funds LzrrieAI fomttl 61,249 110,793 (127,685) 51,198 172,042 1127,685) 85,347 11 34,149
EcumeniL*l Partnership Initiatives Balance Sheet as at 31 March 2024 Note 2024 2023 Current Assets Debtors Cash 1,200 133,182 134,382 (49,035) 115,515 115,515 (6,705) Creditors: Amounts falling due within one year Nd current &ssets 10 108,810 85,347 Net assets 108,810 85,347 Fun(L8 of the charity.: Restricted funds Unrastricted fiu]ds 47,260 61,550 51,198 34,149 Total funds 108,810 85,347 For the 12 Month period 31 March 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relats'ng to small companies. Directors, spOnSIbl11t1eS". The members have not required the chanty to obtain an audit of its accounts for the period in question in accordance wrth section 476" and The directors acknowledge their spOnSibl11t1eS for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepad in accordance with the provisions applicable to companies subject to the small company's regime and in accordance with FRS102 SORP. The financial statements on pages 15-25 were approved by the trustees and authorised for issue and signed on their behalf by.. Amcha Chair of Trustees 16
Ecumenical Partnership Initiatlves Notes to the Financial Statements for the Year Ended 31 March 2024 1 Charity status The charity is a charity limited by guarantee and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 as set out on page 12 of this report towards the assets of the charity in the event of liquidation. 2 Accounting policies Summary of significant accounting policies and key accounting estimates The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. Basis of preparation of financial statements The financial statements have been prepared in accordance with 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) issued in October 2019, the Financial Reporting Stsndard applicable in the United Kingdom and Republic of Ireland (FRS102), the Companies Act 2006 and UK Generally Accepted Practice. Ecumenical Partnership Initiatives meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. The financial statements are prepared in sterting. which is the functional currency of the charity and rounded to the nearest £. Going concem The trustees consider that there are no material uncertainties about the charity's ability to continue as 8 going concem nor any significant areas of uncertainty that affect the carying value of assets held by the char"rty. The charity has prepared forecasts of income and expenditure. taking into account the grant of 500/0 towards the Salary Cost of a Chaplain by Luton Airport which is guaranteed until 2025, which show they have sufficient seNeS to be able to continue for a period of 12 months from the date of approval of these financial ststements and therefore they believe it is appropriate for the accounts to be prepared on a going concem basis.
Ecumenical Partnershlp Initiatives Notes to the Flnancial Statements for the Year Ended 31 March 2024 Exemption from preparing a cash flow statement The charity has applied the disclosure requirements of section 1A of FRS 102 other than where additional disclosure is required to show a true and fair view and have therefore not included a cash flow statement in these financial statements. Income All income is recognised On the Charity has entitlement to the income, it is probable that the income will be received, and the value can be reliably measured. Expenditure All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably, All costs are allocated to the applicable expenditure heading those aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings, they have been allocated on a basis consistent with the use of resources. wrth central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Charitable activities Charitable expenditure comprises those costs inCUrd by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support the Support costs Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, staff costs by the time spent and other costs by their usage. Govemance costs These indude the costs attributable to the charity's compliance with constitutional and statutory requirements. induding audit, strategic management and trustees, meetings and reimbursed expenses. Tangible fixed assets Individual fixed assets costing £500 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Depreciation and amortisatson Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value. over their expected useful economic life as follows. Computer equipment 33QA straight line Debtors Debtors are recognised at the settlement amount after any trade discount offered. Prepayments Are valued at the amount prepaid net of any trade discounts due. Cash and cash equivalents Cash and cash equivalents comprrse cash on hand and call deposits. and other short-term highly liquid investments that are readily converts'ble to a known amount of cash and are subject to an insignificant risk of change in value. 18
Ecumenlcal Partnership Initiatives Notes to the Flnancial Statements for the Year Ended 31 March 2024 Liabilities and provisions Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event. it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has reiVed as advanced payments for the goods or ServIS it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Funds structure Unrestricted income funds are general funds that are available for use at the trustees, discretion in furtherance of the objectives of the charity. Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. The restricted fund of £59,709 is for the use of supporting of passengers and their repatriation. An amount of £47,260 is in a bank account for use of this and the balance of £12,449 may be used for salaries of supports'ng staff. Accordingly, an amount of £12,449 has been transferred to unrestricted reserves. The board of Trustees have confirmed that no restricted funds are contained in bank accounts other than the designated one containing £47,260. Employee benefits When employees have rendered seNice to the Charity, short temi employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service. The Charity operates a defined contribution pension scheme. Contributions are charged in the statement of financial activities as they become payable in accordance with the rules of the scheme. Gifts in kind There are no gifts in kind. Judgement and key sources of estimation uncertainty Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances, Critical accounting estimates and assumptions: The charity makes estimates and assumptions conceming the future. The resulting accounting estimates and assumptions will, by definition. seldom equal the related actual results, Income from charltable a¢tlvlll•s Unrestricted fvnds Restricted Total General funds 2024 15,501 15,501 Total 2023 45,372 102,441 4,671 152,484 London Luton Airport grants Waterways Chaplaincy grants Othergeneral grants 66,467 66,467 66,467 15,501 81,968 2023 4.671 147.813 152,484
Eeumenical Partne1p Initiatives Notes to the Financial Statements for tht YearEnded 31 Marth 2024 Investment Income Unrestricted nds General Total 2024 Total 2023 Interest receivable on bank detx)sits 744 744 257 2023 257 257 Expenditure on charitable aclivitios Unrestricte Restricted funds fvnds General Total 2023 Total 2022 London Luton Airp(rt Watenvays Chaplain General 41,752 72,120 12,330 126,202 9,726 9,726 9,726 9.726 2023 12.330 113,872 126,202 Net incomelexpenditure Net incomel(expenditure) for the vear include: 2024 2023 tpCiatIon of fixed assets 307 IndeFendent examinff's fees 800 Staff o)sts, Trustee's remuneration and expense9 Analysis of staff wsts: 2024 2023 Salaries National Insurdnce PeIOn 44,859 4,185 479 67,077 3,463 2,974 73,514 49,523 20
Ecurnenical Partnership Initiatives Notes to the Financial Statements for the Year Ended 31 March 2024 No employee received remuneration amounting to more than £60,000 in either period. The average number of persons employed by the charitable company during the period was 1 (2023. 5). No trustees, nor any persons connected with them. have received any remuneration from the charity during the period. (2023: £Nil) No trustee5 have received any reimbursed expenses or any other benefrts from the charity during the period. (2023: £Nil) 8 Taxation The company is considered to pass the tests set out in Sch. 6, para. 1 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the company is potentially exempt from taxation in respect of income or capital gains received within categories covered by Pt. 11, Ch. 3 of the Corporation Tax Ad 2010 or s. 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Debtors 2024 2023 Prepayments Trade Debtors Other Debtors 1,200 1.200 10 Credltors: amounts falllng due thIn one year 2024 2023 Deferred Incom Ned to WWA Taxation Accruals 3,221 3,221 6,705 3,221 21
Eeumenknl Partnership Inits2tRves Not&s to the Financial Statements for the Year EDded 31 Marth 2024 li Funds Balance at Inc(xna 01-Apr-23 ExpenthturTrsIer3 Balance at 31-Mar-24 Unr88trlcted fd9 General 34,149 67,211 (52,259) 12,449 6L550 Restrlctèd ld8 London Lutcfj Aj'rport Total Fund8 51,198 .501 {6,990) {12,4491 47,260 85,347 82,712 {59,2491 108,810 12 Anatysis of net assets betw*n fuDds unStrirte(RestrlCted Funds Funds Total Funds 31-Mar-24 CunEnt Assets CunEnt Liabilities Total Net Assets 64,317 (6,7051 57,612 51,198 115.515 16,705) 108,810 51,198 2023 CunEnt Assets CunEnt Liabilities Totsl Net Assets 83,184 {49.0351 34,149 51,198 134.382 149,035) 85,347 51,198 Related partv transactions There are related party transactions during the period other than the Gift in Kind (£nil)12023: £8.OLKi). 22