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 FUl￿S
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 fO￿ard
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 aCCorda￿e 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 fi￿draiSIng ventures is shown ￿osS, with the aSs￿lated 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 n￿re 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 ".
EQuipi￿nI 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 EXpe1￿1t￿re 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 Gene￿tIng 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
Dep￿clatiOn
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
CU￿ent 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 ￿￿1￿rance 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 furtI￿nn8 the chariiy's
objects 2lld in accor¢Jance Mryth prior approval fro￿ the Chati(y Commission.
Except as statcd aFK)V¢ tN) paylljeiils other ￿k￿burse￿￿nis 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 cxaMi￿d ottKr opcralional and business TE5ks I￿Y 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£kE￿wI¢d￿cs Lts ￿qUi￿￿￿nt to deJ￿)nStrat£ clcarly tlni it lliit5( have clmritable pu￿0$¢5 or
"uiIMs" that arL far public t￿l￿"rjI. Detail% of how LI￿. chaTity has achieved tliis arc proi'tdcd in iIK-fTUStCCS
r¢rA)rt. T￿'r￿stees confimi i1￿1 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#1￿lS of net assels bcN'ecn fund5.
Tanglble
Fixed A59ets
Net
Current Assets
Total
UrKeslri¢led Fthds
341,340
341,340
Restricted Fu￿9
319,959
319,959
RevalLBtion Reserve- ACR Fixed Assets on Mer9er
207,000
207,000
207,000
661,299
868,299
16