Charity registratton number 1135880 Company regi5tr4tion number 07203313 (England and Wales) NORTHERN INTER4CHOOLS CHRISTIAN UNION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
NORTHERN JNTER-SCHOOLS CHRISTIAN UNION LEGAL AND ADMINISTRATIVE INFORMATION Trusteès Mr Dawd Grimè Mrs Rulh Houston MrAastair Rithards Mr lan Harvie Reverend math In8son MT5 Susan Gomwi Charity number 1135880 Company numbèr 07203313 Prlnclpal address 57 Lancaster Road Camforth Lancashire L45 9LE Registsrtd office 57 Lancaster Road Camforth Lancashire LA5 9LE Independent examiner AnnslroThJ wats LLP Carfeton HoLÈse 136 Gray Streel Wothington Cumbria CA14 2LU
NORTHERN INTERCHoOLs CHRISTIAN UNION CONTENTS Page Truslees. report Independent examinerfs rer ststemant of finanaal actmties 9-10 Balance Sheet 11 Notes io the financial StatenIS 12-21
NORTHERN INTER-SCHOOLS CHRISTIAN UNION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 The Injstees present their annual rert and financaal statemertts for the year ended 31 December 2023. Com informatlon Introductlon The Northem Inter-schods Christian Union FS a tharilatAe company limrted by guarantee. It Was InrpOrated on 25th March 2010 to tske over from the North West Evangelist"c Trusl (Charity No. 2466611. This had been formed in 1965 with the airn of making krmwm the gospel of the Lord Jesus Christ in North West England by all possible means. NISCU was set up under a Memorandurn of ASS(jatiOn agreed by the existsng trustees of NWET on 9th March 2010 and is govemed byAxbdes ofA5s(Kiat¢on. Constrtuttonal Objtets and Pollcies NISCU is a non-denominat81 organisa1 oynmrtted to Christian ministy atyj to acting ctsoperatively with local churches In it5 work yotsng peoFde. Authority is in the hands of the Directors who have ddegated that to the Chief Executsve Officer wthose powers. as w811 as h)se of the A3 Supwjrt Groups, are regulated by wrrtten poliaes. NISCU acts as a resoLErc& for local sd)LKls. so that the central beliefs of the Chn5tian faith may bè communicated to young people in an appropnate way as part of Iheir education. It operntes in a number of gèographical areas in north-west England. Polic The main obieetive is that.. Children and young p8ople in educaivon (prinupaty in Northem England) w1 gtDw in tIr knowledge and undetstènding of the Chrish8n tsith as foundin Ihe &ble. andalso undetstandiry ts implicalions. Directors D8vid Grime Ichaim7anl Susan Gomian lan Harvie Ruth Houston Mathew Ine50n Alastair Richards Chief Executfve Officer Nitholas 1<18in Rtgistered Offir 57 Lan(3ster Road. Camforth, Lancashire, LA5 9LE Telephone". 01524 732 764 E-rnail.. Website.. aOm.111 3risE.. or www.niscu.or The finanaal statements have been prepargj in aCcoan the anIt9 P(l¢le$ set out in note 1 to the finanrial statements and comply writh Ihe charivs Igoveming do(aJmentl, the Companies Act 2006 and 'Accountsng and Reporting by Charilies". Statement of Recommended Practi apIcable to charities preparing their ac(x)unts in aeeordance with the FinarKial Reporting StarKlard applicable in Ihe UK Republic of Ireland {FRS 1021" (effective 1 January 2019).
NORTHERN INTER-SCHOOLS CHRISTIAN UNION TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 B. Buslness Review Public Benefft In all its activities the directors are mindful of their duty to wowde publ berfft by making arL8ss delY available and SeIng the needs of the schocAs in which NISCU staff wth. NISCU has an on arxe5s rdicy for its general school dubs so that any student of appropriate year group may attend. For residential ev8nts (weekends or full weeksl eath of Ihe fA)nstitvenl areas provides funding for those families of limited means Whe appropriate. This is dr? by use of general tunds or personal sponsorship by supporters ofthe charity. A¢tivitie¥ Some activities continued to be impacied by the Coronavirus paremiC. paiticukrty at the stsrt of th8 year, but this gradually eased as time progressed and Staff were aiAe to gèt back to near nom)ality. In School The core tasks of staff when worng in schods fall into the rategories shown below. AssemlJies and lessons fit the needs of the school. and dubs a voluntary open to all who $h to aitend. AssÈmbli8S These have been for either the vthc4e sdKd or groups. They a at the inwtation of the school and a designed lo infomi students and to encwrage them to think for themselves about Issues of faith, ethic5 and lrfe5tye. Where th8 so requests, the Ix)nt8nt is shaped to meet its SheS. but in line with NISCU'S 5t818d aims. Prirnary work includes a programme ol assemtAies at intervals requesteil by the schools. some once per tem or half temi and others monthly. Puppet SFKYWS have an imp(Mtsnt ace particularly in two areas where the are four d8diGgted t88ms in total. In other 8rBas the sthcd's wcwkers themselves use puM)èts when appropriate. Lessons According to the needs of the schools and the skills of NISCU staff. these lessons have induded Religious Education; Personal and Soaal Education", English", Art, Drama and Poety, but are not restricted to these. Clubs These take place during lunch breaks or after sd. Tlw a open to anyone Isubj8Ct to age) and are designed to be both recreational and thought-provoknng about Ihe Chrislian fath and retate(l iSSLtes. The o)ntent and style is tailored to the make-up of the parlitspants. Pastoral In 8 few cases. where the Scho authoribes requesL NISCU staff have been invc4ved in pastoral and mentoring With pandemlc restrictions progresswety lrfted throughout the year staff have able to resume regular visits to Schools both to prewous contacts and new. However. the nefitS trf usitwJ video links and pre-recorded material during the restn"ct)ns were reccgnised arKI tonb.nue to be used. This ha5 enabled Christian ministry to be shared in a gater number of scFKxAs. both those regulady viyted. and some not pvioUSlY partn8r8d NISCU. More cooperative working wth churches has teen possitrle this year fdltrirKJ the pandemic restrictions and is an area staff are increasitvJly focusing on.
NORTHERN INTER-SCHOOLS CHRISTIAN UNION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Contsnu Professional Dev ment Work in this area has, again, been severely curtai18d. blrt it is W that it resume during the coming year. Bèyond the school Residents'al events There We no residentials FAanned for this year. Exrt Cjeran being gNen to future events. Student volunteers There have been no studetrt vclunteers Ihts year. txrt as in past it is an ar28 we woukl encourage in the future when appropriate. Comrnuni links Due to the pandemic, it had not been kv)&siNe for one aa to (tmiinue ts knrsrk wtth ihe Church of England Blackbum Diocese and the '8i5hop's Bible Chaltenge.. It sidl ha5 nol sUMed, but the Directors are keen for it lo ontinue if appropriate and when praclical. It has not been possit4È to rtr estsl$h the Area Support Grwp in Fume As a result. this area remains domiant, but working in this area is still very muth an ambth of the Qlrectots. With the pandemic restrictions now a thing of the past. staff have increased Iheir efforts to provide links wth local churches and seek to encourage. help and resource them as W work young peoe. This is an aa of work which continues to be given greater emphasis. together wlh buildirrfJ r818tionships throughout the NISCU region. The quarterty Connect bulletin is part ofthal effort. NISCU Connect. a new initiative intr(xluced towards the end of 2022 has cth*inued. cirlated quayterfy 'Connect' schedules all thurth aMties and events that may be of interest to chIldn and young people in a given area. Intem herne The intem scheme was not repeatgj this ar Ixrt is sc¥nethiThJ Ihe DI¢t0 would adwely encourdge. Medi8 rentiee A Media apprentice has not beer¢ employed this year largety due to financial constraints. The DirrS would not be averse to employing arxither appntI, rf8ppropriate, and tunds We available. Listenin Semee With the coronavinjs restric11c$ lffte¢J it has been F1ble to make progress the Ligtening Service. A number of v(Aunteers havè been trained and are now working in varicMJs parts of Cumbria and North Lancs. Leadership The Chief ExeoJtNe oificer ICEOI oversees the of the Charity on a day to day basis. The CEO is acrx)unlable to the Direffi for th8 ortI)n of th8 rA)mpany. and is responsitde lor th8 operational lity under the overarching get)eral prAi¢y established by (he Directo. The CEO wixks in partnership the Operations Manager and Financial Adrninis¢rator. Togelher they fom the Senior Management Team ISMTI. Four senior staff Members assist the CEO as Area Managers. whe mutually viable and beneficial. staff have planned and delNered work c(weratively across geographical areas. induding digrtally. The latter has become mtsre prominent. The CEO ¢>>opted to Ihe Board ol EduLxtion. Carfle LliLKese.
NORTHERN INTERCHoOLs CHRISTIAN UNION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Staff Management and Oeveloprnent This is in the hands of the sen1 Managlt Team {SMTI and this ntinUeS to strengthen the oversight and professional leadership of the staff. It has not been felt ne¢essary to add to the SMT. but thss continues to be reviewed and the Directors would rnt be averse to ernOYIng 8ddilJ"t staff should arcumstances dictate and furKls permil. Staff, from all area5, have been able to meet in person on Team days and 8t the annual retreaL Where needed they have also been able to meet via video link. Staffing Faets131st Dèeémber 2023) The core finanual commitment of the company has been the prtivisic of sdaried staff to lead and to work as S¢hod$ Work staff frn Ihe seven constituent 8re8s of Ihe ganIsatiCffl. Full time Chief Executive Officer 2022 Part time Area staff erations Mana er Financial Administrator Listening Service Manager fvlarketing Mana er Hourl paid Apprentsce Intem 15 ne staff mefnber is also Marketin 2022 2022 Manager 1 in 2022 inished in Nov 2022 2022 Matem None IPatemi Leave 2022 VolLtntary S Lakes area Listening Volunteer WC Listening Volunteer SL Listenin Volunteer NL Voluntsry Co-workers Nvmerous hey work wtth and under the authority of staff to assist in dubs ther activities
NORTHERN INTER-SCHOOLS CHRISTIAN UNION TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 3. Organisation Administration This is the respOnbIlty ol the Operations Manager who is aSt very coMtnIY in the day to day tasks by the Financial Administrator. Media and Marketlng One member of staff is employed as markeb.ng manager whose responsibilrties indude the NISCU Connect bulletin, sorial medi8 and supporting each area vrith brdnd guidelines in area markèting. NISCU does not currentty emth a mgjrd manager. Area Support Groups There are six operational SUPFKJrt groups. 11 had been txjped that a lurther group. in the Furness Area. would be estsblished during the year, but this has rK)t p)ssiL4e. The Director5 are keen that a support group for tha Fumess area be set up as C1M$tanceS rlL Two other areas, Craven and South Lakes. give cause for concem due to lad( of numbers. The directors 8re keen lo h3ve this addre&sed as soon as practical. Area Support Groups a elected * a local Annual General meeb.ng of supporters. They are properfy Ix)nstituted and operate under the aulhority of the Chief Exe'Ve Officer and meet wularfy for minuted business throughout the year. Meetings were held on4ine throughout locdown. induding the Annual General MeetirvJ. Some areas have conb.nued Ihis practice wth theAGM be(x)ming the sole physical meeting. Support Group members a dtswn Irom a range of Ictsl supwjrting churches and are responsible for the financial and prayer sUPPOrt of staff worknThJ in the area and kee.g l(KJ churches and supporters infom18d of developments. Area finances ar8 managed centrally. Thts gives t> rnain bfits.._ 1. The Directors arhy Senior Management Team have a detale(I krthed9e of arèa fvnds held and how they are used. 2. Area Support GrtyJp5, and in particular Ihe local Treasurer. have been released to rnore time to engage with exisb'ng local ar88 donors and to seek cMJt new ones. The committees have a r¥K)re Strateg I8 Ihan just supwjrling. They plan with ihe SMT for the longer tem and work to stngthen the links with supporters and churches. It is part ol NISCU'S ongoing wsion to grow this area of work an¢ so to train and help volunteers In parth8rship ther. Goveman¢e As indicated pr8v70vsty. the dir8(aors have empw a Chief Exewbve OIfic8r to lead and to manage NISCU. The Directors implem8nted a proJramme of policy go¥emance fr(xn the outset of the wmpany. This codrftes govemance in five policy documents arKJ together this allows Ihe Chief Executive Officer the freedom to develop the acts"vities of the company while the Direciors hLld him aco)untabl8 for its operats"on. These policies are reviewed at regular interyals. 4. Property and finance 57 Lancaster Road, Camforth meets the company's need ft)r a central office and is generajly maintained in good condition. The upper floor ol the building prOdeS separdte office an¢J toilet fac#lities for -Sportsreach", a local Christian charity, with whom we h3ve links, which rents this sp*e. The roofw8s repaId during the year and the t#)ikn re.
NORTHERN INTER-SCHOOLS CHRISTIAN UNION TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Low operabng cost for the buildings at 57 Lancaster Road. along vrtth (xmsistent gmng to the charity, enable the directors to reptsrt that, at the end of 2023, NISCU'S accounts are debt-free. The cornpany has no investments apart from bank deposits and owns oulrighl 57 Lancaster Road. Camforth aThJ rts fixtures and fittings, together with the equipment provided for the staff for rarrwng their duties. The SMT and Dir8Ctors continue to l(x)k at tt)e future funding of NISCU. IKJth short and me(lium term and consult regulady 5UPPOrt group officers about ways ofachiwng incx)me that will sustsin development of activttses from the centre as well as the Axeas. Some Areas have office Spa prowded freety or at low cost. by IcKal churches. Business Class is an initiatwè intrOdUd during 2019 to eno)urag8 businesses to support Centr81 fundrng. Because of the coronawrus this scheme has become'dormartrf. but it is hoped to IntrodUce it, or something similar, during 2024. Whilst the fin8naal statLE5 of NISCU at er¥J 012023 was healthy. the trerKI i% negative. A profession81 fund raising organisat'on has been engaged to target funds Ihat wll parIKlarty help Ceniral on-costs. 5. Policies Risk The directors ackn¢ythedge tt1r r8swisibilty to identify and Minirri risk5 and keep such policies under review. The charity has a Well-eStslshed Child protection FM1CY which is wvlaty miewed by the Chief Executive OffEcer andlor other member5 ofthe Senior Management Team. Child protection is acknowledged as the key fisk area and the d)arity has risk Klents"ficatM)n pruceduS in place. and wjliaes lor making staff and othw5 aware and minimisng such risks. Reserves The main expenses of Ihe tharity relate lo slaff costs and the main sourc8 of Tncome is donations from supporters. The Directors are ofthe wew that the assets of Ihe tmst are suffiaent to meet immediate contingenci8S. Investments The Directors are of the view that Eong-temi risk based investment of funds is inappropriate for the objects of the cornpany. Surp1 furmls are invested in acceS9b bank, Lwilding swety and Charities Aid Foundatson accounts at the best rate ol interest available. Restricied Funds Any Area reslricled funds showro a nd balanc8 d8fictt to the Cen during lh8 year were supported by th8 Directors from general fvjnds rf nwx55ary. AJI of the restn.cted funds were in credit at the year*nd. Statemènt of Dirèctor Re5ponsÉbiliti•s The directors are required by the curnt Charities Act 2011 and CompaniesAct 2006 to Ppare financial st8ternents for each financial year which gwe a true and fair wew of the Charitys financial acitwties during the year and of ts financial position at the end of the year. In Pfeparing the financial statements giving a twe and fair vwi. the director5 are required to follow best practs. and.. lal {bl Icl Select suitae accounting and appty them consi5tenty', Make judgements and estimates that a WSonae and prudent". Stale whether appli(%ble accounts.ng standar(Is and statements of recommended practic8 have been frAlowed, subj.ect to any departures disdosed or explained in the finanaal stat8mènts., Idl Prepare the finanaal State1 rm an (xy)ing ba&s unless it 15 inappropriate to assume that the tharity wll cthinue in operab"on.
NORTHERN INTER-SCHOOLS CHRISTIAN UNION TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 The dirèctors a restx)nsible for keeping accounting records which disdose with sOnable accuracy the rinancial position ol the chanty and which enables them to ensure that the ffinanryal statements wmply wth ap1¢able law and wulations. They are s0 resp)nsitAe for safeguarding the assets of the d)arity and hence for taking reasonable steps lor the prevention and deteth.on of fraud and olhw irregularili85. It is our belief that we have larthfvlty 8nd successtuty diyhaiged these duties duriThJ 2023. Approval as approved by the Dir8Ctorn lApril 224. Mr David Grirne Trustee
NORTHERN INTER-SCHOOLS CHRISTIAN UNION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NORTHERN INTER-SCHOOLS CHRISTIAN UNION I report to the trustees on my examination of Ihe financ¢al statements of Northèm Inter-schools Christian Union (the charity) lor the year ended 31 Dewnber 2023. Responsibilities and basis of report As the Iruslees of the charity land also its directors for purposes of company lawl you a responsible for the pparatiOn of the financial 5tat8rnents in acclanCe with the reqU1MentS of the Compani8s Act 2006 (the 2006Actl. Having satisfied myself that the finanoal staternents of the charity are not requtred to be audited under Part 16 of the 2(K)6 Act and a eligible for independent examination, I rep)rt in respect of my examinabon ol the charity's finanoal slalements carried out under sectson 145 of the Charities Act 2011 lthe 2011 Act). In carrying out rny examination I have followed 1 the aWi¢able Directions given by the Charrty Commission under section 14515llbl of the 2011 Act. Independent •xaminerfs statement Since the ¢harity's gross income exceeded £250.000 your exarnin8r must be 8 member of a body listed in Section 145 of the 2011 Act. I confimi that l am qualified to undertake the examinats.on becau l am a member of ICAEW, which is one of the listed bcxyies. I have completed my examin8tion. I confim thal no matters have come to my attention in connection with the examination giving rne cause to believe that in any material reSl accounting reco$ were not kepl in respect of the charity as required by section 386 of the 2006 Act: or the financial statements ¢Jo not accord those records,. or Ihe financial statements do not comF4y vAth the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a tr and fail Mew whith is not a matter considered as part of an indep8ndent examinab'on.. or the financial staiements have not been prepared in aCCoance wth the rnethods and principles of the Statement of Recommended Practice for aixwnting and repL¥t"ng by tharib.es applicable io charits.es preparing Iheir accounts in accordance wilh the Finanual Rewbng Standard appliCae in the UK and Republic of Ireland IFRS 1021. I have no concerns and have o)me acTOSS no other rnatters in CnectIon the examination to which attention should be drawn in this retK)rt in order to enale a proper understanding of the financial statement5 to be reached. Mr Tony Hindmcxjr BFP FCA Amstrong Watson LLP Chartered Acwuntsnts Cadeton House 136 Gray Street Workingttsn Curnbria CA14 2LU Dated.. 2 July 2024
NORTHERN INTER-SCHOOLS CHRISTIAN UNION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Current financial year Unrestricted Endowmènt funds funds designated 2023 Restricted funds Totsl Total 2023 2023 2023 2022 Notes In¢ome and endowmènts from". Donations and legacies Investments Other income 27.508 2,121 3.192 219,851 1,119 321 247.359 3.240 3,513 277.177 800 3,644 Total Income 32.821 221.291 254,712 281.621 Charitsble activitses Other expenditure 106,302 226.776 333,078 294,431 756 Total expendi¢u 106,302 226,776 333,078 295,187 Net expenditure 173.4811 15.4851 (78.9661 (13,6661 Transfers beffttsn funds 15,491 {15,4911 Net movement In funds (S7.9} 120,9761 178.%61 113,5661 RencilIation of funds: Fund balances at 1 January 2023 115.491 40,478 234.056 390.025 403,591 Fund balan¢•s at 31 December 2023 57,501 40.478 213.080 311,059 390.025 The statement ol ffnancral activitie5 indLMles all gains and losses rectyJnised in the year. Wl income and exp8nditu derive from continuing adivities.
NORTHERN INTERCHoOLs CHRISTIAN UNION STATEMENT OF FINANCIALACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Prior financial year Unrestricted Endowment funds fund5 deslgnated 2022 Restrict fvnds To¢al 2022 2022 2022 Notes Income and endowments from". Donations and legactes Investments Other income 31.981 245,196 496 278 277.177 800 3.644 Total irKome 35.651 245.970 281.621 Charitablè activitiès Other expendrture .137 52 204,294 294,431 756 Total expendiiure .189 204,998 295,187 Net Incomellexpendlture) 154.&38} 40.972 113,5661 Transfers belween funds {22,OLX)I Net movement in fund5 132.5381 18,972 113,5661 Roconclliation of funds: Fund balan(%s at 1 January 2022 148.029 40.478 215.084 403,591 Fund balances at 31 D•e•mber 2022 115.491 40.478 234,056 390,025 10-
NORTHERN INTER-SCHOOLS CHRISTIAN UNION BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Notes Fixed ass•ts Tangibl8 assets 11 43.877 44.278 Current assets Debtors Cash al bank and in hand 12 9.978 8,497 276.024 352,583 Creditors: amounts fallin9 due tithin one year 13 8.842 Net current assets 267.182 345,747 Total assgts less Current 1Sabilities 311.059 390,025 The funds of the charity Designated funds Restricted funds Unreslncted funds 15 16 40.478 213,080 57.501 40,478 234,056 115.491 311.059 390.025 Th8 company is entiued to the exempiM)n from the audrt r1ment CctaIn in section 477 of the Companie$ Act 2006, for the year ended 31 Decernber 2023. The directixs acnowfedge their tsspOwritieS for (y)mFtyThJ the requirements of the Companies Act 2006 th respect to acctsjnting reca)rds and the prepardtrmj 0[finan81 statennts. Thè members have not required the company to obtain an alit of its finanoal statements for the year in question in accordance wth séclKJn 476. These financial statements have ben prepare(l in aOIanL* with the provisiorts appliGqble to cc¥npani83 subiect to the small companies re9ime. The financial statements were approved by Ihe Iwstees on ....... Mr David Grime Trust8• Company registration number 07203313 (England and Wales}
NORTHERN INTER-SCHOOLS CHRISTIAN UNION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 A¢¢ounting policie5 Charlty inlorniatlon Northem Inler-sthools ChTith"an Union is a private o)mpany limited by guarantee incorporated in England and Walès. The registered office is 57 Lancaster Road. Camlorth. Lancashire, L45 9LE. Each of tt)e trustees is liable to contnbute an amount not exceeding £10 towdrds the assets of the charity in th8 èvent of liquidation. 1.1 Accountlng conventlon The financial statements have been wepare(l in acxxjrdance Yh the charity's gov8ming document. the Companies Act 2006 and "A(UntIng and Reporting by Charities." Statement of Recommended Practi( applicable lo charities preparing their accounts in accordan with the Financial Reporting Standard applvble in the UK and ReputAic of Ireland IFRS 1021 {effeVe 1 January 20191". The charity is a Public Benefit Entty as defined by FRS 102. The charity has taken advantage ofthe pW¥Or in thè SORP f charities aOwng FRS 102 Update Bullgtin 1 nol to ppare a Statement of tsh Flo. Thè financial statements are prepared in sterfing. whith is the ftjnctional ojrrency of the charity. Monetary amounts in these financ4al slatemenls a rounded to the nearest £. The financial statements have been prepared urwjer the historical cost rx)nvention, m¢)lified to indude the revaluation of freehojd properties and to indude Énvestmenl propertS 8fKJ rtain financial instruments at fair value. The principal accounting polioes a¢pieLI a set ¢yrt b810w. 1.2 Golng con¢em At the time of approving the finanaal statements. Ihe Injstees have a reasonable expectrtion that U)e charity has adequate resources to continue in operational existence for the foreseeable fijture. Thus the trustees continue to adopt the going concem basis of acu)unb"ng in preparing the finanaal statements. 1.3 Charftable funds Unrestricted lunds are av8ilatle use at the discreti of the trustees in bjrtherance of their tharitae objecbves. Restricted funds are subject to spufic conditions by donors or grantor5 as to how they may bè used. The purptsses and usès of the restricted funds are set out in the not85 to the financial slalements. Endowment funds are subjed to speufic condttiorts by dortrys Ihat the ca1 must be maintsined by the charity. 1.4 Income Income is recognised when the tharity is legally enblled to it after any perfonnan(% conditions have been met, the amounts can be measured rdily. arKI IL is probae that income ¥11 be re(xived. Cash donations are recognised on receipt Olher donations are recognised on(x the charity has been notified of the donation. unless performance wnditions require defeff of Ihe amount. Income tax recoverdble in relation to donations received uwKler Gtft Aid ordeeds ol o)venanl is recognised at the time of the donation. Legaues are recKonised on receipt or otherv*ise rf the charity has been notif of an impending distributs"on. the arno(Jnt is known. and recèipt is èxpethd. If the amounl is rK)I kn4)wn. the legaGy is treatéd as a rA)ntingent asseL Government grants receiv8ble have been uedited to the profft and kjss account so as to match Ihem with the expenditUTe to which they relate. 12-
NORTHERN INTER-SCHOOLS CHRISTIAN UNION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting polides {Continuedl 1.5 ExndItUre All expenditure is reccxJnise(l once there is a legal or consbuctive JaI.{m to that èxpendiiure. it is probable settlement ts required and the ant ran be rneasured reliatly. costs are allctsted lo the applicable expenditure heading that aggregate similar costs to that category. whe costs cannot be direcuy attributed to particular headings they have been allocated on a basis cx)nsistent with the use of resources, with central staff costs allocated on the basis of time spent. and depation charges allocated on the pclion of the asset's use. Other sUprt costs are allocated based on Ihe spre•l of staff ccsts. Charitable expenditure comprises those costs incurred ty the charity in the delivery of tts aclivities and services for its beneficiaries. It indudes both (x)sts that Can be alktst8d direclly to such aciivitses and those Costs of an indirecl nature neressary to support them. 1.6 Tanglble fixed assets Tangible rued assets a inFti"alty measuf8d 8t st and subsequenly measured at o)st or waluation, net of depreaats.on and any impaimnt losses. Depreuation is recognised so as to write off Ihe o)st ValUatIOn of assets less thgir residual values over their useful lives on the following bases". Freehold land and buildings IT equipment and furniture 25% straight line basis The gain or loss arising on th8 disposal of an assel is delemiined as the difference between the sale proce$ and the carrying value of the asset. and is recognised in Ihe statement olfinanoal actrVit$. 1.7 Impairment of frxed assets Al each portIng end date. the charty reviews the Carng aUnts of its tangibjè &%%ets to detèmine whether there is any indicab.on that those assets have suffered an impairment loss. 11 any such indication exists, the recoverable amount of the asset 15 estimated in order to detem)ine the extent of Ihe impaiment loss Irf any). 1.8 Cash and $h equivalents Cash and cash equivalents include cash In haThJ. deposits hdd at call with banks, other $hort-tem liquid nvestrnents wrth original maturities of Ihree months or less. an¢J bank over(Iratts. Bank overdrafts are shown vthhin borrowt'ngs in current liabilth"8s. 1.9 Financial Instwments The charity has elected io apply the prow&ons of Section 11 '8asic Finanaal Instruments. 8nd Section 12 'Other Financial Instruments Issues. of FRS 102 to all ol its finanaal instruments. Finanryal instrurnents are recognised in the charitys b*nce sheet when the tharity becrynes party to the contractual pmwsrons of the inslrumenL Financial assets and liabilitses are offset. net am(xJnts esen in the financial statements, when there is a leglY enforceable rMJht to set off the reco3Trised amounis and Ihere is an inlenfKJn to setue 8 net basis or to realise the asset and settle the liability simultaneousty. Boslc financlal assèts Basic financial assets. which indude debtrys arKI cash and bank balances. are inib'8lly meagjred at transaction price induding transaction costs and are sub5equendy (xrried at amorbsed cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transalon is measured al the present value of Ihe luwre receipts discounted al a markel rate of interest Finanual assets classified as rec8ivable wthin one year are not amorts"sed. 13-
NORTHERN INTERCHoOLs CHRISTIAN UNION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEPABER 2023 Ac¢ountin9 policies Icontlnuedl Bask financlal Ilabllitles Basic financial liabilities, IndudiNJ creditors and bank loan5 ar8 initsalfy renised * trdn5action price unless the arrangement consts"tutes a finanaro transactign, vh)ere Ihe debt instwrnent is measured at the prgsent value of the future payments dt50)unted * a market rate of inteL Finanual liabilities dassified as payable thin one year a not arntsSed. Debt instrumènts arè sUbSequenY carried at amorDsed using the ellective intwest rate method. Trade uedrtors are obligatsons to pay for gocmls or services that have been acquired in the ordinary course of operations from suppliers_ Amounts payaNe are dassified as current liatN"lits"es rf payment is due within one year or less. If not, they are presented as nc¥Fcurrent liabilibes. Trade creditors a recognised initially at transaction price and subwuenUy at 8r¥KKtiwl (x)st u&ng Ihe effective interest method. Dereeognilion of financial lia111e$ Finanaal liabilib.es aré dereccJntsed when Ihe charity's corthactud ot4igations expirè or are discharged or canlled. 1.10 Taxation The charity is considered lo pass the tests set out in Paragrnph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK CA)rratION tax purposes. Accordingly, the charity is Potentially exempt frorn taxation in respect of incorne or caprtal gains received within categories (x)v8red by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent thal such income or gains arè applied exdusivdy to charitable purposes. 1.11 Employee beneffts The cost of any unused hclhlay entiltemenl is recxyJnised in Ihe perKJ in which the emFloyee's servicgs are r1ve. Termination benefits are rerxjgnised immediately as an expense when the charity is demonstrabfy commiited to terrT¥inate the employment of an employee or to provKle terrnination benefits. 1.12 Retlrement beneffts Payments to defined rA)ntribUtn retiment efit sdpmes 8r8 (tharged as an expens8 as they fall due. Critical ateounting •stimat•s and judgements In the applicab'on ol the charity's aco)unting p(Aiues. the trvsiees a required to make judgements, estimates and assumptions about the Carn9 arnount of assets and liabilitie5 Ihat a not Teadily apparent from other sources. The estimates and assock4ted assumptions are based on historical experience and other factors Ihat are considered to be relevant. Aclual results may dtwer from Ihese estimates. The estimates and undedyÈng assumptions are rewewed on an ongoirvJ b8sts. Revisions to 8ccounting estimates are recognised in the pell<MI in which the estimate is revised Whe the revision affects only that pellod. Of in the period of the revision and ILrture perS vknere the rew5ion affects both current aThJ future periods. 14-
NORTHERN INTER-SCHOOLS CHRISTIAN UNION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Ineome from don*ions and l•ga¢ies UnstrIcted Reslrkt•d funds funds 2023 2023 Total Unrestrlthd Restricted funds funds 2022 2022 Totsl 2023 2022 Indiwdual donations Church donations School donatKK Trust donations Grfts and other donaticS Grft aid redaime(I 22.922 105,833 62,933 175 31.790 1.782 17.338 128,155 62.973 175 32.75M) 2.573 20.093 25.414 40 101,620 67,364 4Th) 31.575 27.680 16.557 127.034 67,404 400 32,925 30,108 19,306 1,350 2,428 2.749 791 2,755 27. 219.851 247.359 31.981 245,196 277,177 lfteome from investments Totsl UnstrICt•d Restrlcted funds funds 2022 2022 Total furKIs 2023 lunds 2023 2023 2022 Interest rewate 2.121 1.119 3.240 Other incom• Unrestrlcted Restrlcted nds funds 2023 2023 Tt)tsl Unrestricted Restrletsd funds funds 2022 2022 Totsl 2023 2022 Other income Rental income 152 321 473 3.040 326 3.040 278 604 3,040 3.192 321 3,513 278 15-
NORTHERN INTER-SCHOOLS CHRISTIAN UNION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Charitable aeti¥iti•s 21)23 2022 Staff costs DepreriaQ'on and impairment Staff training Rent 8nd rates Heat and light Repairs Telephone Printing. postage and stationery School books and rèsources Sundry expenses Camp and events Travel and 5ub&"ster Bank charges Insurance Accountancy fees 256.124 2,557 759 2,180 243,850 5,707 100 1.746 717 446 1,104 2.411 3,371 5.129 2.101 15,W3 105 7,693 4,048 20,684 1.236 1.922 4,933 7,304 2,845 18,844 60 8,100 4,562 333,078 294,431 333,078 294,431 Analysls by lund Unrestrcted funds Restricted funds 106,302 226,776 90,13T 204.294 333,078 294,431 Net movement in fun(ts 2023 2022 The net movement in fvnds is stated after tha[gIn{cr1ib"ng}". Depreoation of owned tangible fixed assets Lc6s on disposal of langible fixed assets 2,557 5.707 756 Non8 of th8 trustees lor any persons connecle(I w7 Iheml rVed any remurwation or benefits from the chaiity duriThJ the year. Donations made by the trustees wilhout any conditions attathed lo18llvAI £9,255 fthe ye8r12022- £10,616). 16-
NORTHERN INTER4CHOOLS CHRISTIAN UNION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Employees The average monthty number of employees dijring lh8 yearwas: 2023 Number 2022 Numbèr Charitable activities Administration 15 15 Total 19 19 Employment costs 2023 2022 Wages and salaries Other pension costs 242.154 13,970 231,834 12,016 256.124 243,850 1812022- 161 of Ihe atrA)ve emF4oyees parli(xpaknY in lh8 Defined COntributic Pension Schem8. Contributions to the empfoyee pension Schemes for the year tolalled £13.97012022- £12.016). The tot81 employee benefits of Ihe key man8gemenl persne1 of the dwity were £53.28012022- £54,398). There We no empbyees wFh)se annual Temua wa5 rrwe than £60.IXQ. 10 Taxation The charity is a wistered charity and i8 therefore exempt from taxalion. 17-
NORTHERN INTER-SCHOOLS CHRISTIAN UNION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 11 Tangibte fixed assets Freehold1*od IT equipment and buildirws and fvmiture Cost At 1 January 2023 Addthons 40,478 11.841 2,156 52.319 2,156 At 310ecember 2023 40.478 13.997 54,475 DeprneiatFOn and impalmient At 1 January 2023 DepreCiatn charged in the yèar 8,041 2.557 8.041 2.557 At 31 Daeèmbèr 2023 10.598 10,598 Carrylng amount At 31 D8c8mr 2023 40,478 3.399 43,877 At 31 December 2022 40.478 3,8CK) 44,278 12 Debtors 2023 2022 Amounts lalllng due within one year. Prepayments and accrued income 9.978 8,497 13 Creditors: amounts falling due within one year 2023 2022 Othef taxation and social security Accruals and dgf8rred inu)me 5.524 3.318 3,788 3.048 8,842 6.836 14 Retirement benefft schem•s 2023 2022 Defined contributlon schemes Charge to profit or loss in respect of d8fin8d contritwjbon sthemes 13,970 12,016 The charity operates a defined Ctri1J"rt ps1)n herne for JI qualrfyirvJ ernOYeeS. The assets of the Sdrne are held separately frorn those Of charity irt an ind8pendenlly adminislered fund. 18-
NORTHERN INTER4CHOOLS CHRISTIAN UNION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 15 Designated funds The income funds ofthe charity indLKl8 the fdknvj.ng designated fvnds whith have teen set aside out of unrestrirted fun¢Js by the trustees for speufic wrF4Jses'. At 1 January 2023 At31 December 2023 Propety res 40.478 40.478 Previous yèar.. At 1 January 2022 At31 D•cember 2022 Property reserve 40,478 40,478 19-
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NORTHERN INTER-SCHOOLS CHRISTIAN UNION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 17 Anatysis of net assets between funds Unrèstrithd Dèsignated lund5 nds Restricted funds Total 2023 2023 2023 2023 Fund balanc at 31 December 2023 are repr•s¢nted by: Tangible assets Current assetslllkqbilitiesl 40,478 3,199 209.881 43,877 267,182 57,301 57.S)1 40.478 213,080 311,059 UnrestrIct Deslgnated Restricted funds funds funds Total 2022 2022 2022 2022 Fund balances at 31 December 2022 are represented by: Tangible assets Currenl assetsllliabilittesl 40.478 2,992 231,064 44.278 345,747 114.683 115.491 40.478 234,056 390.025 18 Related party transactions There were no dis(knsable relat8d paty transadicffis duriThJ the year {2022- none). 21