ASHWOOD CHURCH DIRECTORS AND TRUSTEES REPORT AND ACCOUNTS .FOR THE YEAR TO 31 MARCH 2024. COMPANY NUMBER 6946764 REGISTERED CHARITY IWMBER 1134945 INDEPENDENT EXAfvIINER TREVOR STEPHENSON A.C.M.A. OF ROCKET BUSINESS SERVICES LTD
ASHWOOD CHURCH FINANCIAL STATEMENTS FOR YEAR ENDED 31 MARCH 2024 CONTENTS Page Legal and Administrative Iiiforniation Report of the Trustees and Directors Indepeiident Exainiiier's Report on the Accounts. Statement of Financial Activities 10 Balance Sheet Notes forn)ing part of the Financial Statements 12-16
ASHWOOD CHURCH FINANCIAL STATEMENTS FOR YEAR ENDED 31 MARCH 2024 LEGAL AND ADMINISTRATIVE INFORIVIATION Status Asliwood Churcli is a private company iii England and Wales limited by guarantee with no sliare capital under section 30 of the Companies Act. Directors and Trustees Elaine Torr Chair Simon Wriglit Elaine Townseiid (resigned 2" October 2023). Gaye Locke Dominic Torr Coinpany Secretary Registered Office 41 Crocus Street, Kirkby-in-Ashfield, Nottingham, NG17 7DY. Legal Advisors Brown Jacobson Solicitors, Mowbray House, Castle Meadow Road. Nottingham, NG2 IBJ. Bankers Reliance Bank Ltd Faith House 23-24 Lovat Lane London EC3R 8EB Accountants Rocket Business Services Ltd, 18 Barleydalc Drivc, Trowell, Nottingham, NG9 3QS.
Report of the Trustees and Directors Aims and Purposes Thi-oughout tliis year, at Ashwood Churcli we have remained committed to its visiol) statement of being a spiritually healthy growing churcli for all ages, aiid our mission to help people find and follow Jesus. We pursue this mission within the terms of our charitable objects: l. To advance the ClirÈstian faith 2. To relieve sickness and finaiicial hardship 3. To promote and preserve good healtli 4. To advance education. The bulk of the funds handled by tlie cliarity contiiiue to be used to further the work of Ashwood Church iii Kirkby in Ashfield and the surrounding area in North Nottingliamshire. Community and Outreach Foodbaiik Foodbank provides short-term support for those referred to us. Over the year, 1786 food parcels were distributed and oli avera(Fe 26 people benefit from this service each week, many of them representinby whole families. Cafe 22 A growing favourite is our community cafe wliich runs every Moiiday, providing free refreshments and a context for rTiendship and support networks to grow for over 30 users per week on average. TWOS Compajiy I I volunteers actively serve this natioiial telephone befriending service supporting 15 people who may suffeT from loneliness in the community. We find that soine users also join Cafe 22 to extend their fricndship and support circles. Safe families Several Church members volunteer for Safe Fainilies, wliose aim is to support families whose children arc at risk of goiiig into care. Ashwood Crafters This group provides an infornlal coiitext for people to practice and develop their craft skills, on both individLial and shared projects. Men's MeetingFS Men's Breakfasts were launched weekly in September 2022 and continued this year. Men's food night is riin with around 20 mcn attending monthly. These provide iiivaluabl¢ opportuniti¢s to ni¢et aiid provide I receive support and build relationships in a relaxed social setting. Detached Youth Work We have partnered with Ashfield District Council. Frontier Youth Trust & Cycling UK to deliver a bike project. This Iielps us eiigage and connect with the young people. The project is based in a garage oli a local estate wliere li'ained volunteers help young people fix their bikes & give them some skills to help thein in the futur¢. There were a total of16 young people attendiiig the bike project. OLir partnerships provide support and traiiiiiig for our volunteers. Local schools Asliwood Cliurch staff and volunteers have supported 16 assemblies in local schools this year. Youth weekend In February a brilliant cliurch team took 35 young people away oli the annual Elevate Refresh youth weekend in Derbysliire.
Centre-based activities Sunday services Oiir Suiiday services are increasin¥(yly popular and each Sunday, on average 117 adults and 20 children, ranging in age from babes in arms to those beyond retirement age. ali increasingly Inulti-cultural conGregatioii, drawii from 4 contineiits. These services pi-ovide a context for friendship, teaching, worship and prayer for adults, young people aiid children. Most people attend in person but we have also continued to broadcast our services online for those unable to atteiid in person. There ar¢ also extended opportunities for worsliip and prayer provided at Transfornicd Worsliip and Touching Heaven meetiiios. Seesaw Toddler Group A strong volunteer team run Seesaw Toddler Group twice weekly in temi time and a Suinmer fun day August. An average of 44 children attend supported by their carers. Tli¢ Christmas party attracted 130 ¢liildren) plus carers. Monthly Youth Hangout Ashwood Church provide a coinmunity youtli evening. Typically, 20 youiig people atteiid each of these sessions. Arouiid 55 younger children joined in OLIT monthly 'Friday Night Takeaway, sessions which covered various Biblical characters with games, music fun aiid stories. Two fr¢¢ holiday clubs for local prlmary aoe children were held in the Ashwood Centre in August and October with an average of 45 attending eacli of the 3 day events. Christmas was marked by a number of events.. Christmas Movie Niglit, Christmas Toddler Party, Carols and candles service, Kirkby Christinas festival carols aiid crafts. We reoularly run Alplia courses and during th¢ year we were able to ruii a 13 week course for 20 people wlio were asking Big Questioiis of Life. Personal Development and Pastoral Care Over l 00 adults participate in 8 fortniglitly l.ife Groilps whicli provide an opportunity for spiritual and practical support in a sinall group seltiiig, workingy oiit faith in Jesus Christ in tlieir day to day lives. The responsibility for pastoral care is co-ordinated by Bec Goody tlirougli the Pastoral Hub wliich consists of 8 volunteers and I paid worker and thcy facilitatc courses such as Fi-eedom iii Christ and most incmbers are involved in supportiiig people on a 1-2-1 basis and may be involved in prayerlsupport groups for individuals/coLiplcs withiii cliurch. A scpardte Pastoral Gatlicring is involved in helping to faci litate pastoral care, eacli person witliiii it is coniiected to different spheres withiii Asliwood and helps to facilitate further pastoral care. We conduct regular training for staff and voluiiteers includiiig- sateguarding and food hygien¢ trainiiig. Running a centre for the local community Long tenn users of the centre include: Labour Party U3A (iiicluding a number of interest groups) Autism East Midlands Slimming World AshfIeld Hannony Choir Nottingliatn Ti'ent University NHS Midwife Group Little Miracles n Sain's Name Fresli Anointing Ministries In addition, maiiy local residents hire the centre for parties and similar family events.
Sustainability Our Justice group led tlie way in us gaiiiiiig thc AROCHA Silver award - Eco credeiitials. We have worked to optimise tlie way we use tlie building in tlie Inost sustainable way, ranging from recyclinLT paper, plastics and ink cartridges), reducing paper use, e.(y more tlian 130 people signed up to receive Ashwood News online m¢aniJig over two tliirds of regular recipiei)ts now receive it electronically. Despite the above, we have recognised that the Ashwood Centre is no longer meeting our needs in a number of ways: Tlie structure is beyond its use by date and is increasiiigly expensive to maintain and Iieat The biiildiiig's eco-credentials caniiot be upgraded in a cost-effective way. We are struggling to fit iii the main liall on Sunday due to increasiiig numbers attending cliurch activities. We have been working with Ashfield District Council to ensure tliat our plans to re-develop the site are complimentary to the town ceiitre developinciit plans. During tlie year £26k was raised towards this project, includiiig our 50 aiiniversary offerinby in September which brouglit in over £2.9k, with the resulting total restricted funds at 31 st March 2024 standinTr at £297k. By allocating £282k to thc project reserve (see below), we have £579k available for the new building project. Leadership Matt Bell has continued to lead the church, ably assisted by his wife, Claire and Zoe Bell. fonning the Senior Leadership Team. In July Zoe Bell stepped down from the leadership team to provide more time for her fostering activities. In Septcrnber, we wer¢ delighted to see Andy Beighton, Bec Goody, Helen Tomlinson, Gill Isterling and Bob Goody join the leadersliip core team. Financial support We are grateful to the many people who donate generously to church funds. Our donors includc: Our ever-generous members Friends of Asliwood who support various Ashwood projects These, along with the rooin hire income, make possible the activities that we deliver. The overall income and expenditure for the church is set out below. Incoining Resources. £234.035 Resources Expended. £183.878 Nct Income for Year. £50,157 Taiigible Fixed Assets for use by tlie charity. £207,000. Oiir annual Christmas offering was tsken and a total of £4.5k was divided between Safe Families, work in UK and Links Charity work in Malawi. Moiiey is only part of tlie picture and our I l O registered (adult and child) volunteers spend many liours delivering th¢ above provisions, leveragiiig the effectiveness of the Chlircli's activities that glorify God and impact our communities with the Gospel and love of Jesus Clirist. Ashwood Church in a Local and National Context The church is a member of Churches Togethcr in Kirkby. It is also part of the Evangelical Alliance and the Ground Level Network of Chiirches, and benefits from and contributes locally to the Ground Level Midland Connection (of churches). The Network provides opportunities to meet together with a wide variety of Churches and access teaching froin both Nationally aiid Iiiteriiatioiially recognised speakers, and Ashwood botli serves and suppoits an annual
Celebration of prayer, worship and teacliing, as well as activities for all ages. Asliwood Church wider leadership team access the training and conference events provided by tlie Ground Level network, whicli iiispires and iiifonns all aspects of our work as a Cliurch. Governance The trustees, who are all unpaid volunteers, welcomed Dom Toff to the board on 14 October 2022. He brings to the board valuable experience as a civil engineer. Elaine Townsend resigned as director and trustee on 2nd October 2023 after 30 years valued service. Reserves The trustees having reviewed the Charity Commission guidance, have determined to hold the reserves below in line with the agreed policy: Reserve Type Runniiig Reserves 26,493 Unforeseen Events Reserve 15,000 Project R¢serve- New Building for Ashwood 282,122 External Giviiig Fund 17,725 Total Reserves l Unrestricted funds 341,340 Public Benefit In planniiig and implementino all the activities carried out by Ashwood Church, we will k¢ep in mind the Charity Commission's guidance on public benefit at our trustee and management meetings. following the principles set out below. Principle I: There must be an identifiable benefit or benefits Principle la It must be clear wliat the benefits are Principle I b The benefits must be rclatcd to the aims Principle I c Benefits must be balanced against any detriment or harm Principle 2: Benefit must bc to the public, or section of the publi Principle 2a The beneficiaries must be appropriate to the aims Principle 2b Where benefit is to a section of tlie public, the opportunity to benefit must not be unreasonably restricted.. by geographical or other restrictions; or by ability to pay any fees charged Principle 2c People in poverty must not be excluded from the opportiinity to benefit Principle 2d Any private benefits must be incidental. Trustees responsibilities in relation to the finaneial statements. The trustees are required by company law to prepare financial statements for each financial year which
give a true and fair view of the financial activities of the charity and of its financial position at the end of that year. In preparing those financial stateinents the trustees are required to a. select suitable accountiiig policies and apply them consistently- make judtsements and estimates that are reasonable aiid prudeiit- c. state whether the policies adopted are in accordance witli the Companies Act 2006 and wlth applicable accounting standards and statements of recommended practice. subject to any material departures disclosed and explained in the financial stateinents. d. prepare the financial statements on a going concern basis iinless it is inappropriate to assume that the charity will contiiiue in operation. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable thein to ensure that the fiiiancial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prev¢ntRoii and detection of fraud and other irregularities. Approval. This report was approved by the board of directors and trustccs on 0811012024 and signed on its belialf. Elaine Torr Director and Trustee
ASHWOOD CEtURCH FINANCIAL STATEMENTS FOR YEAR ENDED 31 MARCH 2023 INDEPENDENT EXAMINER'S REPORT ON TEtE ACCOUNTS Report to the trustees of Ashwood Cliurch on the accounts for the year ended 31 March 2024 . Respective responsibilities of trustees and examiner The charity's trustees consider that an audit is not required for this year (uiider section 144(2) of the Charities Act 2011) (the Act) and that ali independent examination is needed. It is my responsibillty to examine the accounts (under section 145 of the Act), to follow the procedures laid down in the General Directions given by tlie Charity Commission (under section 145(5)(b) of the Act), and to state whether particular matters have come to my atteiitioii. Basis of independent examiner's statement My cxamiiiation was carried out in accordance witli General Directions given by the Charities Commissioners. An examination includes a review of the accounting records kept by the organisation and a comparison of the accounts prcsentcd with those records. It also includes consideratioii of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all th¢ evidence that would bc required in an audiL and consequently I do nol express an audit opinion of the a¢couiits. Independent examiner's statement In the course of my examination, no matter has com¢ to my att¢i)tion: wliich gives me reasonable cause to believe tljat in, aiiy material respect, the trustees have iiot met the requirements to ensure that proper accounting records are kept (in accordance with section 130 of tlie Act) . and accouiits are preparcd which agree with the accouiiting records and comply with the accounting requirements of the Act ' or 2. to which, in niy opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Trevor Alan Stephenson.A.C.M.A. Rockett Business Services Ltd 18 Barleydate Drive, Trowell, Nottingham NG9 3QS. 2510712024
ASHWOOD CHURCH STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024 2024 Unrestrict¢d Funds 2024 Restricted Funds 2024 Total Funds 2023 Total FUlS Note Incoming resources Incoming resources from generated funds . Donations and gifts Investment income 2a 153,778 46,983 200,761 201,87) 2b 5,481 5,328 10,809 2,193 Charitsble activities / evenls / courses 2¢ 6,211 6,211 3,724 Activities for generating funds Other inconiing resoui¢es Id 2¢ 16,254 16,254 13,665 Total incoming resourees 181.724 52Jll 234.035 221.455 Resources expended ChAritable activitie5 163,771 16,221 179,992 150,368 Cost of generating funds 3b 58 58 214 Governance costs 3,828 3,828 4,011 Total resourees expended 167,657 16,221 183.878 154,593 Net Ineome (Defieit) for yeAr 14.067 36,090 50,157 66.862 Statement of other reeogni5ed gains Net movements in lunds for year 14.067 36.090 50,157 66.862 Transfers between funds 3,738 -3,738 Revalu2tion reserve 14 230,00 230.000 230,000 Fund bAl8nee5 brought fOard 323,535 264,607 588,142 521,281 Fund bal8nees carried forward 341,34 526,959 868,299 818,143 10
ASHWOOD CHURCH BALANCE SHEET 31 MARCH 2024 Note 2024 2024 2023 2023 Fixed Assets Tangible Assets 207,000 211,600 Current Assets Casli at bank and in hand Debtors 630,605 32,388 662,993 576,255 31,829 608,084 Credito. amounts falling due within one year 1,694 ,541 Net Current Assets 661,299 606,543 CredIto. amounts falling due after MO than one year Net Assets 868.299 818,143 Funds Restricted funds Revaluation reserve Unrestricted funds 296,959 230,000 341,340 264,607 230,000 323,5J6 14 Total Funds 868,299 818,143 In approving these financial statements as directors and trustees of the company we hereby confimi: (a) that for the period stated above the compaiiy was entitled to the exemption conferred by Section 477 of tlie Companies Act 2006 (b) that no notice has been deposited at the registered office of the company pursuant to Section 476 requesting that ali audit be conducted for the period ending 31 March 2024 and ( c) that we acknowledge our responsibilities for: (l ) ensuring that the company kceps accounting records wliicli coinply witli Section 386, and (2) prepariiig financial stateinents whÉch give a true and fair view of the state of affairs of the coinpany as at the end of the financial period and of its profit or loss for the period then eJid¢d in accordance with the requirements of Section 393 and which otherwise comply with the provisions of the Companies Act relating to financial statements, so far a5 applicable to the company. Approved by tlie board of directors and trustees 011 0811012024 aiid signed on its bclialf Elaine Torr Director and Trustee 11
ASHWOOD CHURCH IYOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 A¢eounting Policies 1.1 Basis of preparation of accounts The financial statements are prepared under the historical cost convention. The financial statements have been prepared in aCCordae wtth the provisions of the Accounting and Reporting by Charities Statement of Recommended Practi applicable to charities preparing their accounts in accordance with the Charities SORP (FRS102) (effective 1 January 2019). 1.2 Incoming resouires Voluntary income and donations are in¢luded in incoming resources when they are receivable. The inconr from fidraiSIng ventures is shown osS, with the aSslated costs included in fundraising costs. 1.3 Resources expended Resources expended other than that which have been capffttalised, are included in the statement of financial activities on an accruals basis. inclusive of any VAT which cannot be recovered. Expenditure which is directly attributable to specific activities has been included in these cost categories. Where Costs are attributable Èo nre than one activity, they have been apportioned across the cost categories on a basis consistent with the use of these resources. 1.4 F5nanee and operating leases There are none. 1.5 Pension costs There are none. 1.6 Tangible fixed assets Individual fixed a55ets costir]g £ 1,000 or mre are capitalised at cost Depreciation 15 provided on all tangible fixed assets at rates calculated to write off the cost over their expected us¢lul economic lives as follows ". EQuipinI and fvrniture Fixtures and fittings Freehold buildings 25 % on straight line basis. 20/0 on straight l ine basis. 20/0 on straight line basi5. Please note: £230.000 of fixed assets were acquired from Ashwood Community Resource during 2018/19 as part of the merger of the two charities with no monies being exchanged. They were valued at 31.03.19 at this value and will be depreciated from 01.04.19. 1.7 Investment income Bank interest is included in the income and expenditure account on receipt. 1.8 Taxalion The current activities of the charity are exempt from taxation. 1.9 Fundraising Costs There are none. 1.1 EXpe11tre on governance of the charity Governance expenditure includes all expenditure not directly related to the Charilable activity or ndraising ventures. 12
ASHWOOD CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 2 Ineoming Resources 2024 2024 unrestrieted funds restricted funds 2024 TOTAL 2023 TOTAL a). Donations and Gifts Ger£ral Gifts and Offerings 153,647 153,647 142,079 Extemal Giving 131 131 Developmeni Fund 18,548 18,548 41,664 Building Fund 7,952 7,952 6,677 Foodbank 4,794 4,794 3,451 Christmas Appeal 4,571 4,571 4,574 Coxmoor Grant 4,265 4,265 Links International 3,147 3,147 712 Malawi 7000 125 125 Hardship Covid 19 Relief Toddler Group (Seesaw) 380 3,581 3,581 2,333 153,778 46,983 200,761 201,873 b). Investment Income Bank interest 5,481 5,328 10,809 2,193 5,481 5,328 10,809 2,193 c). Charitable Activities Activities and Events 5,693 5,693 3,317 Course Income 518 518 407 6,211 6.211 3,724 d). Activities for Generating Funds Events for Generating Funds e). Other Incoming Resources Other Income 16,254 16,254 13,665 Photocopier Incoine 16,254 16,254 13
ASHWOOD CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Resources Expended 2024 unrestrieted funds 2024 restricted funds 2024 2023 TOTAL TOTAL a). CharitAble Activilies Catering costs 2.105 2,105 1,765 Consumables Equipment purchases 1,196 1,196 783 Equipment costs Activities and Events 30,114 30,114 27.585 People ¢osts 184 184 265 Salary costs 82,399 82.399 77.969 Sundry expenses Restricted expenses 11,621 11,621 7.603 Trdining costs 5,434 5,434 4,679 Travel expense5 1,179 1,179 1286 Venue and Hall Hire Printing costs 2,408 2,408 2203 ,414 1,414 1.143 Postage and Stationery 92 92 173 Centre Costs 37,246 37,246 20.314 Depreciation 4,600 4,600 4,600 163,771 16,221 179.992 150.368 b). Cost of GenetIng Funds Literature and Brochures 58 214 58 58 214 c). Governance Costs Insurance and subscriptions LEgal and professional fees Independent examiners fees Bank fees 1,980 1,980 2202 432 432 432 810 810 786 606 606 591 3,828 3,828 4,011 14
ASHWOOD CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 4 Restricted Funds Balance 1st April 2023 General Transfer Balance 31 st Marcli 2024 Income Expenditure DevelopnEnt Fund Building Fund Foodbank Make Lunch Christmas Appeal Coxmoor Grant Links Intemational Malawi 7000 Toddler Group (Seesaw) Hardship 'Covid 19 Relief Ashwood Community Resourc¢ Assets Kirkby Churches Together 215,704 50,009 12.423 131 22.528 8.921 5,036 238,232 58,930 14,616 132 1,183 -1,660 4.589 4.304 3,149 131 3.619 33 4,600 56 3,229 139 161 820 -2,140 50 2.247 131 951 2.334 2,188 207,000 197 2,185 211.600 197 30 4.600 494,607 52,311 16,221 -3,738 526,959 5 Tangible Fixed Assets Fixture5 & Fittings Freehold Buildinss Total Cost At l April 2023 Addition5 At 31 Mareh 2024 3.500 nil 226,500 230,000 nil 230,000 3,500 226,500 DepclatiOn At l April 2023 Charge for year At 31 March 2024 280 70 18.120 4.530 22,650 18,400 4.600 23.000 350 Net Book Value At l April 2023 3,220 ?08,380 211,600 At 31 March 2024 3,150 203,850 207.000 6 Cash at bank and in hand 2024 TOTAL 2023 TOTAL CUent Account 8,987 621,618 14,454 561.801 nil Deposit Account Pety Cash nrl 630,605 576,255 7 Debtors Tax Recoverdble 31,193 30,534 Sundry Debtors 1,195 1295 32,388 31.829 8 credito Amounts falling due within one year. Independent Examiners Fees Accrual 810 786 Taxation 884 755 1,541 15
AS14WOOD CHIIRCII NOTES TO TIII Tr Ih'ilh'ClIlL S-I'ATLMENI'S roR THE YEAR ENDED 31 lARc[l 2024 9 Stsff Costs and Numbe. 2024 2023 Gross Wagcs, Salaries and Ministry, Supwrt. Employers Ndiional 1]surd¢ Costs P¢nsion Conknbuttot 80,83.fj 76.491 1,564 1.478 82,399 77.969 'Ihe average number of full tim¢ ¢mploytes ith) i¥ere engaged in eabh of th¢ folloNgng acliviiies ". 2024 2023 TOTAL TOTAL Activiiies in 1rance of owni5a(ion'5 (Trbjects. No employee5 teceived emolumetns in cxcess of£50.01)O. Staff are pasd through ihe PA YE systctn. 10 Trustecs Other Related P#rties. Mrs J Wriglit (Spouse ofTru51eL' MI S Wright) Teccived 8 salary of £0 (£4.323 in 2023) as assistwil ii)5ni5lcr in connEclion MTih hLr en)ploymeiil by tIK Injst, in furtInn8 the chariiy's objects 2lld in accor¢Jance Mryth prior approval fro the Chati(y Commission. Except as statcd aFK)V¢ tN) paylljeiils other kbursenis i.1¢ madc to trusitts o¥ any pL'rso ¢onlleclcd 1th during this finanLial PETiod. No matcrial trarnsa¢tEon look plac£ betwcen the or8aJ]isalion and a ITUSt¢¢ or any t]50 cotmected ivi(h (hem. l RÈsk Ass¢ssmei?t. -lThe trustee5 actively vieW major risks kn1¢h chati(y face5 on a regular basis and klicve thai tmainlaining the frce rcserves slated, ¢ombin¢d with It annual Tevieiv of the conliols ovci k¢y finan¢(al systrtSL% oul on an arnwal basis Mqll provide sutricienl tC50urcL's in tl* ¢v¢t)l of advtr5e cotMlilioIis. 'I'he trustCC5 ha also cxaMid ottKr opcralional and business TE5ks IY fac¢ and confirni that t?Y have establish¢d sysloms to mtligate t1 sigllificRnt ri5k5. 12 Reserves Policy. Thc InLsI¢c5 have considcrcd Icvcl olTeserves they wish to appropriale to the Lharity's eds. Tkn"5 is b&%cd on the charity's size and the level orrinaiicial coiimiEtmcnts IKld. Tr Èn]stceg aim to ertsute ijw charity 11 be abl¢ to coTrlinLke to fiiifil il5 charitablc obje¢tivkn ¢v¢n ifd]ere is a tenipordry shDrtfall in or unexpected CxyndiÈu. T1 trusLee5 11ry11 etldeavour nDi io set 1¢ sidc fvnds unnessarily_ 13 Public Bencfit. TtK Llkryrity a£kEwI¢dcs Lts qUint to deJ)nStrat£ clcarly tlni it lliit5( have clmritable pu0$¢5 or "uiIMs" that arL far public tl"rjI. Detail% of how LI. chaTity has achieved tliis arc proi'tdcd in iIK-fTUStCCS r¢rA)rt. T'rstees confimi i11 they havc paid due regard L(> th¥. Charity Con)mission guidancc on public bcnefiÈ bcrO dcciding ivhat actii'itics tho cbarity 5knuld iindcrfakc. 14 Rev8luation Reserve. Pjease ]k)tc: £230.000 of fixed a55ets i¥cre acquired from AshiiDod Convnunily Re5011r during y¢ar ended 31.03.19 as Pdrt of the nKrger of Ihc clwEi(i¢s wilh RD ll]onie5 bcing exchanged. The), iirre valued at 31.03.19 at thi5 value and ivill deprcciatcd from 01.04.19 at 2 /v per annum strdight Itne dcprcoialion basi5. IS An#1lS of net assels bcN'ecn fund5. Tanglble Fixed A59ets Net Current Assets Total UrKeslri¢led Fthds 341,340 341,340 Restricted Fu9 319,959 319,959 RevalLBtion Reserve- ACR Fixed Assets on Mer9er 207,000 207,000 207,000 661,299 868,299 16