Registered number: 07203313 Charity number: 1135880 NORTHERN INTER-SCHOOLS CHRISTIAN UNION (A Company Limited by Guarantee) UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Armstrongwatson, Accountants, Business & Financial Advisers
NORTHERN INTER-SCHOOLS CHRISTIAN UNION (A Company Limited by Guarantee) CONTENTS Page Reference and Administrativè Details of the Charlty, its Trustees and Advisers Trustees, Report Independent Examinerfs Report Statement of Financlal Activitieg 10 Balance Sheet 12-13 Notes to the Financlal Statements 14-26
NORTHERN INTER-SCHOOLS CHRISTIAN UNION (A Company Limited by Guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024 Trustees Mr David Grime, Trustee Mrs Ruth Houston, Trustee Mr Alastair Richards, Trustee Mr lan Harvie, Trustee Reverend Mathew Ineson, Trustee Mrs Susan Gorman, Trustee (resigned 1 July 2024) Company registered numb8r 07203313 Charlty registered number 1135880 Reglstered office 57 Lancaster Road Carnforth Lancashire LA5 9LE Accountants Armstrong Watson LLP Carleton House 136 Gray Street Workington Cumbria CA14 2LU Page 1
NORTHERN INTER-SCHOOLS CHRISTIAN UNION (A Company Limited by Guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees present their annual report together with the financial statements of Ihe charity for the year 1 January 2024 to 31 December 2024. The Annual Report serves the purposes of both a Trustees, report and directors, report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of Ihe charitable company's governing document and the provisions of the Statement of Recommended Pra¢lice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS1021 (effective 1 January 2019). Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors, Reporti Regulations 2013 has been omitted. Company information Introduction The Northern Inter-schools Christian Union is a charitable company limiled by guarantee. It was incorporated on 25th March 2010 lo take over from the North Wesl Evangelistic Trust (Charity No. 246661). This had been formed in 1965 wth the aim of making known the gospel of the Lord Jesus Christ in North West England by all possible means. NISCU was sel up under a Memorandum of Association agreed by the existing trustees of NWET on 9th March 2010 and is governed by Articles ofAssociation. Constitutional Objects and Policies NISCU is a non-denominational organisation committed to Christian ministry and to acting co-operatively with local churches in its work with young people. Authority is in the hands of the Directors who have delegated that to the Chief Executive Officer whose powers, as well as those of the Area Support Groups, are regulated by written policies. NISCU acts as a resource for local schools, so that the central beliefs of the Christian faith may be communicated to young people in an appropriate way as part of their education. It operates in a number of geographical areas in north-west England. Polic The main objective is that.. Children and young people in education (pnncipally in Northern England) will grow in their knowledge and understanding of the Christian faith as found in the Bible, and also in understanding its implications. Directors David Grime (Chairman) lan Harvie Ruth Houston Mathew Ineson Alastair Richards Chief Executive Officer Nicholas Klein Page 2
NORTHERN INTER-SCHOOLS CHRISTIAN UNION IA Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Registered Office 57 Lancaster Road, Camforth, Lancashire, LA5 9LE Telephone.. 01524 732 764 E-mail.. admin@niscu.org.uk Website.. www.niscu.org.uk Objectives and actlvities . Business Revlew Publlc Benefit In all its activities the directors are mindful of their duty to provide public benefit by making access widely available and serving the needs of the schools in which NISCU stsff work. NISCU has an open access policy for its general School clubs so that any student of appropriate year group may attend. For residential events {weekends or full weeks) each of the constituent areas provides funding for those families of limiled means where appropriate. This is done by use of general funds or personal sponsorship by supporters of the charity. Activltles In school The Core tasks of staff when working in schools fall into the categories shown below. Assemblies and lessons fit the needs of the school, and clubs are voluntary and open to all who wish to attend. Assemblies These have been for either the whole school or specific groups. They are at the invitation of the school and are designed to inform students and to encourage them to think for Ihemselves about issues of faith, ethics and lifestyle. Within NISCU'S stated aims content can be customised to school requests. Primary work includes a programme of assemblie5 at intervals requested by the schools, some once per term or half lerm and others monthly. Puppet shows have an important place particularly in areas where there are four dedicated volunteer teams in total. In other areas the school's workers themselves use puppets when appropriate. Lessons According to the needs of the schools and the skills of NISCU staff, lessons include Religious Education., Personal and Social Education., English; Art, Drama and Poetry, but are not restricted to these. Clubs These take place during lunch breaks or after school. They are open to anyone (subject to age) and are designed to be both recreational and thought-provoking about the Christian faith and related issues. The content and style is tailored to the participants. Page 3
NORTHERN INTER-SCHOOLS CHRISTIAN UNION (A Company Limited by Guarantee) TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Objectives and activitles (continued Pastoral In a few cases, where the school authorities request, NISCU staff have been involved in pastoral and mentoring work. Video material Use of video links and pre-recorded material continue lo be used, using skills leamed during the Covid pandemic. This has enabled Christian ministry to be shared in a greater number of schools, both Ihose regularly visited, and some not previously partnered with NISCU. Continued Professional Develo men Work in this area has, again, been severely curtailed, but it is hoped that it will resume during the coming year. Beyond the school Growth and D velo ment The Furness area is slill dormant, but working in thi5 area is still very much an ambition of the Directors. Merging th an adjoining area may be a possibility. Staff have increased their efforts to provide links wth local churches and seek to encourage, help and resource them as they work with young people. This is an area of work which continues to be given greater emphasis, together with building relationships throughout the NISCU region. The termly Connect bulletin is part of that effort. NISCU Connect. an initiative introduced towards the end of 2022 has continued. Circulated lermly 'Connect' schedules all church activities and events that may be of interest to children and young people in a given area. Residential evenls There were no residentials planned for this year, but consideration is being given to future events. Stu t volunteers There have been no student volunteers this year, but as in the past it is an area we would encourage in the future when appropriate. Communit links Unfortunately, the collaboration with the Church of England Blackburn Diocese and the 'Bishop's Bible Challenge, has not resumed since the pandemic. However, the Directors would be very supportive of further work in this are if opportunity arose. Listenin Service Due to financial constraints some managerial changes have been made, but it is pleasing to note that medium term funding has been secured from outside sources. The CEO has taken over the management of the Service. Volunteers continue to be trained in most parts of the NISCU operational area. Page 4
NORTHERN INTER-SCHOOLS CHRISTIAN UNION (A Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Achievements and performance a. Main achievements of the charlty NISCU has maintained and improved its relationships wsth schools and churches, throughout the year, making new contacts in some instances. The puppet teams continue to be popular and in demand, especially at Christmas and Easter. Listening Services has progressed over the year, with new volunteers added to their number and addilional funding obtained. Schools, in particular, are increasingly asking for this facility. Data for the whole of our area is shown in the accompanying summary. Total 202 3,549 Primary 180 2,328 Secondary 22 1,223 No. of Schools No. of Sessions Of which are.. Lessons 540 Clubs in school 821 Clubs in church 56 Assemblieslcollective Worship 612 Listening Session 1,433 Puppet shows 73 Other sessions 46 530 226 25 598 870 73 36 10 595 31 14 63 10 Financlal review . Property and finance 57 Lancaster Road, Carnforth meets the company's need for a central office and is generally maintained in good condition. The upper floor of the building provides separate office and toilet facilities for "Sportsreach., a local Christian charity, with whom we have links, which rents this space. Damp ingress of the property has been a concern and is being monitored. Low operating cost for the buildings at 57 Lancaster Road, along with consistent giving to the charity, enable the directors to report that, at the end of 2024, NISCU'S accounts are debt-free. The company has no investments apart from bank deposits and owns outright 57 Lancaster Road, Carnforth and its fixtures and fittings, together wth the equipment provided for the staff for carrying out their duties. The SMT and Directors continue to look at the future funding of NISCU, both short and medium term and Gonsult regularly with support group officers about ways of achieving income that wll sustain development of activities from the centre as well as the Areas. Some Areas have office space provided freely or at low cost, by local churches. Business Class is an initialive introduced during 2019 to encourage businesses to support Central funding. Because of the coronavirus this scheme has become 'domiant'. It may be reintroduced, or something similar to it, during 2025 or when appropriate. Whilst the financial status of NISCU at the end of 2024 was healthy, the trend, as in 2023, is still negative. A professional fund raising organisation has been engaged to target funds that will particularly help Central on- osts. Unfortunately, this has yet to contribute anything. Central costs are the biggest concern for the Directors. Page 5
NORTHERN INTER-SCHOOLS CHRISTIAN UNION (A Company Limited by Guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Structurej governance and managemènt . Leadership The Chief Executive Officer {CEOI oversees the work of the Charity on a day to day basis. The CEO is accountable to the Directors for the operation of the company, and is responsible for the operational policy under the overarching general policy established by the Directors. The CEO works in partnership with the Operations Manager and Finan¢ial Administrator. In July 2024 the incumbent Operations Manager retired and was replaced lon reduced hours) from within the organisation. Together they form the Senior Management Team {SMTI. Four senior staff members assist the CEO as Area Managers. Where mutually viable and beneficial, staff have planned and delivered work co-operatively across geographical areas, including digitally. The latter has become more prominent. The CEO is ctropted to the Board of Education, Carlisle Diocese. b. Staff Management and Development This is in the hands of the Senior Management Team {SMTI and this Continues to strengthen the oversight and professional leadership of the staff. It has not been felt necessary to add to Ihe SMT, but this continues to be reviewed and the Directors would not be averse to employing additional staff should circumstances dictate and funds permit. Staff, from all areas, have been able to meet in person on Team days and at the annual retreat. Where needed they have also been able to meet via video link. Page 6
NORTHERN INTER-SCHOOLS CHRISTIAN UNION (A Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 structure¥ governance and management (continued) c. Staffing facts131st December 2024) The core financial commitment of the company has been the provision of Salaried staff to lead and to work as Schools Work staff in the seven constiluent areas of the organisation. Full tlme None CEO reduced to 0.9 of 40 hours Part tlme Chief Executive Officer Area staff Operations Manager Financial Administrator Listening Service Team Leader 1 Marketing Assistant Hourly paid Apprentice Intern Hours reduced during 2024 linclude5 Listening Service management) 15in2023 Incumbent OM retired July 2024. New OM working 8 hours. As 2023 8 hours per week. Managerial responsibility transferred to CEO Area staff member inputs 2 hours per week 1 in 2023 14 1 in 2023 MaternitylPatemity Leave None As 2023 Voluntary {by area) Craven Eden Furness North Cumbria North Lancs South Lakes Wesl Cumbria Includes Area Support Committees, Puppet teams and Listening Service Currently not active 16 23 Voluntary Co-workers Numerous They work with and under the authority of staff to assist in clubs and other activities d. Organisation Administratlon This is the responsibility of the Operation5 Manager who is assisted very competently in the day to day tasks by the Financial Administrator. Media and Marketing One member of slaff is employed as marketing manager whose responsibilities include the NISCU Connect bullelin, social media and sUPPOrting each area with brand guidelines in area marketing. NISCU does not currently employ a media manager. Area Support Groups There are six operational support group5. It had been hoped that a further group, in the Fumess Area. would be established during the year. but this has not been possible. The Directors are keen that a support group for the Furness area be set up as circumstances permit. Page 7
NORTHERN INTER-SCHOOLS CHRISTIAN UNION (A Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Structure? governance and management (continued) Two other areas, Craven and South Lakes, have given cause for concern due to lack of number5. Craven continues to so and the directors are keen to have this addressed as soon as practical. In South Lakes a number of volunteers have come fOard and the group is in a more positive position. Area Siipport C7rnups ar?. elected at a local Annual General Meeting of supporters. They are properly conslituted and operate under the authority of the Chief Executive Officer and meet regularly for minuted business throughout the year. Since the pandemic some areas have continued the practice of meeting on line wth the AGM becoming the sole physical meeting. Support Group members are drawn from a range of local supporting churches and are responsible for the financial and prayer support of staff working in the area and keeping IoGal churches and supporters informed of activity and developments. Area finances are managed centrally. This gives t0 main benefits'.- 1. The Directors and Senior Management Team have a detailed knowledge of area funds held and how they are used. 2. Area Support Groups, and in particular the local Treasurer, have been released to give more time to engage with existing local area donors and to seek out new ones. The committees have a more strategic role than just supporting. They plan with the SMT for the longer term and work to strengthen the links with supporters and Churches. It is part of NISCU'S ongoing vision to grow this area of work and so to train and help volunteers in partnership together. Governance As indicated previously, the directors have employed a Chief Executive Officer to lead and to manage NISCU. The Directors implemented a programme of policy governance from the outset of the company. This codifies governance in five policy documents and together this allows the Chief Executive Officer the freedom to develop the aclivilies of the company while the Directors hold him accountable for its operation. These policies are reviewed at regular intervals. e. Policies .Risk The directors acknowledge their responsibility to identify and minimise risks and keep such policies under review. The charity has a well-established child protection policy which is regularly reviewed by the Chief Executive Officer andlor other members of the Senior Management Team and annually by the Directors. Child protection is acknowledged as the key risk area and the charity has risk identification procedures in place, and policies for making staff and other5 aware and minimising such risks. .Reserves The main expenses of the charity relate to staff costs and the main source of income is donations from supporters. The Directors are of the view that the assets of the trust are sufficient to meet immediate contingencies. .Investments The Directors are of the view that long-term risk based investment of funds is inappropriate for the objects of the company. Surplus funds are invested in accessible bank, building society and Charities Aid Foundation accounts at the best rate of interest available. Page 8
NORTHERN INTER-SCHOOLS CHRISTIAN UNION (A Company Limited by Guaranteè) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 structur81 governance and management (continued .Restricted Funds Any Area restricted funds showing a fund balance deficit to the centre dunng the year were supported by the Directors from general funds if necessary. All of Ihe restricted funds were in credit at the year-end. Statement of Trustees, responslbilities The Trustees (who are also the directors of the charity for the purposes of company law) are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial stalemenls unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to.. select suitable accounting policies and Ihen apply them consistently., observe the methods and principles of the Charities SORP IFRS 1021., make judgments and accounting estimates that are reasonable and prudent; state whether applicable UK Accounting Standards (FRS 1021 have been followed, subject to any material departures disclosed and explained in the financial statements., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will conlinue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose wtth reasonable accuracy at any time Ihe financial position of the charity and enable them to ensure that the financial 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 prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees and signed on their behalf by.. Mr David Grlme (Trustee) Date.. 7 July 2025 Page 9
NORTHERN INTER-SCHOOLS CHRISTIAN UNION IA Company Limited by Guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Independent Examlner's Report to the Trustees of Northern Inter-schools Christian Union ('the charity,) I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 December 2024. Responsibilities and Basls of Report As the Trustees of the charity (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 Act,). Having satisfied myself that the accounts of the charity are nol required to be audited under Part 16 of the 2006 Act and are eligible for independenl examination, I report in respect of my examinalion of the charity's accounts carried out under section 145 of the Charities Act 2011 I'the 2011 A¢t'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5){b) of the 2011 Act. Independent Examiner's Statement Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of ICAEW, which is one ofthe listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe.. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act., or the accounts do not accord with those records., or the accounts do not comply wth the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination., or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities lapplicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 10211. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. This report is made solely to the charity's Trustees, as a body, in accordance wth Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's Trustees those matters l am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for rny work or for this report. Signed.. Dated.. 7 July 2025 Steven Kirkbride BFP FCA ATT MAAT Armstrong Watson LLP, Workington Page 10
NORTHERN INTER-SCHOOLS CHRISTIAN UNION (A Company Limited by Guarantee STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT} FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 Total funds 2023 Note Income from: Donations and legacies Investments Other income 37,716 3,263 3,057 230,317 1,660 808 268,033 4,923 3,865 247,359 3, 240 3,513 Total Income 44,036 232,785 276,821 254,112 Expendlture on: Charitable activities 85,834 235,263 321,097 333, 078 Total expendlture 85,834 235,263 321,097 333, 078 Net expenditur8 Transfers between fund5 (41,798) 30,364 12,4781 130,364 (44,2761 (78, 966) Net movement In funds 111,434) 132,842 (44,2761 (78,966) Reconclllatlon of funds: Total funds brought forward Net movement in funds 97,981 111,434) 213,078 132,842 311,059 (44,2761 390, 025 (78, 966) Total funds carrled forward 86,547 180,236 266,783 311,059 The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 14 to 26 form part ofthese financial statements. Page11
NORTHERN INTER-SCHOOLS CHRISTIAN UNION (A Company Limited by Guarantee) REGISTERED NUMBER: 07203313 BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Note Fixed assets Tangible assets 41,979 43,877 41.979 43,877 Current assets Debtors Cash at bank and in hand 8,812 226,817 9,978 266,046 235,629 276, 024 Creditors.. amounts falling due within one year 10 (10,825) (8,842) Net current assets 224,804 267, 182 Total assets less current Ilabllltles 266,783 311,059 Net assets excludlng pension asset 266,783 311,059 Total net assets 266,783 311,059 Charity funds Restricted funds Unrestricted funds 180,236 86,547 213,078 97,981 Total funds 266,783 311,059 Page 12
NORTHERN INTER-SCHOOLS CHRISTIAN UNION (A Company Limited by Guarante8) REGISTERED NUMBER.. 07203313 BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2024 The charity was entitled to exemption from audit under section 477 ofthe Companies Act 2006. The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006. The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. The financial statements have been prepared in accordance wtth the provisions applicable to entitie5 subject to the small companies regime. The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by.. Mr Davld Grime Trustee Date.. 7 July 2025 The notes on pages 14 to 26 form part of these financial statements. Page 13
NORTHERN INTER-SCHOOLS CHRISTIAN UNION IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 General information Northern Inter-schools Chrrstian Union is a private company limited by guarantee incorporated in England and Wales. The regislered office is 57 Lancaster Road, Carnforth, Lan¢ashire, LA5 9LE. Each of the trustees is liable to contribute an amount not exceeding £10 towards the assets of the charity in the event of liquidation. Accounting policies 2.1 Basis of preparation of flnancial ststements The financial statements have been prepared in accordance with the Charities SORP (FRS 102) Accounling 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) (effective 1 January 2019), the Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Northern Inter-schools Christian Union meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otheise slated in the relevant accounting policy. 2.2 Income All income is recognised once the charity has entitlement to the income, it is probable that the income wrll be received and the amount of income receivable can be measured reliably. Income tax recoverable in latIon to investment income is recognised at the time the investment income is receivable. Other income is recognised in the period in which it is receivable and to Ihe extent the goods have been provided or on completion of the service. 2.3 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expendilure is classified by activity. The costs of each aclivity are made up of the total of direct costs and shared costs, including support cosls involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned beeen those activities on a basis consistent with the use of resources. Central staff Costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Expenditure on charitable activities is incurred on directly undertaking the activities which fvrther the charity's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. Page 14
NORTHERN INTER-SCHOOLS CHRISTIAN UNION IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies (continued) 2.4 Taxation The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charily is potentially exempt from taxation in respect of income or capital gains received within categories covered 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 that such income or gains are applied exclusively to charitable purposes. 2.5 Tangible fixed assets and depreciatlon Tangible fixed assets costing £NIL or more are capilalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less aG¢umulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, Depreciation is provided on the following basis.. Freehold property Office equipment 250k straight line basis 2.6 Debtors Trade and other 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. 2.7 Cash at bank and In hand Cash at bank and in hand includes cash and short-term highly liquid investments wth a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 2.8 Liabilities and provisions Liabilities are recognised when there is an obligation at the 8alance Sheet date as a result of a past event, it is probable Ihat a transfer of economic benefit wll be required in Settlement, and the amount of the settlement ¢an 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 received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Ststement of Financial Activities as a finance cost. Page 15
NORTHERN INTER-SCHOOLS CHRISTIAN UNION (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting polici8s l¢ontinuedl 2.9 Flnancial instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measuied <11 amortised cost Using the effectlve Interest method. 2.10 Pensions The charity operates a defined contribution pension scherne and the pension charge represents the amounts payable by the charity to the fund in respect of the year. 2.11 Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are funds which are to be used in accordance wth specific restrictions imposed by donors or which have been raised by Ihe charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Investment income, gains and losses are allocated to the appropriate fund. Income from donations and legacies Unrestrlctèd funds 2024 Restricted funds 2024 Total funds 2024 Donations and gifts Gift aid reclaimed 34,719 2,997 213,112 17,205 247,831 20,202 37,716 230,317 268,033 Page 16
NORTHERN INTER-SCHOOLS CHRISTIAN UNION (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Income from donations and legacies (continued) Unrestricted funds 2023 Restricted funds 2023 rotal funds 2023 Donations and gifts Gift aid reclaimed 24, 753 2, 755 202,513 17,338 227, 266 20,093 27,508 219,851 247,359 Investment Income Unrestricted Restricted funds funds 2024 2024 Total funds 2024 Interest receivable 3,263 1,660 4,923 Unrestricted funds 2023 Restricted funds 2023 Total funds 2023 Interest receivable 2,121 1.119 3,240 Other Incoming resource8 Unrestricted Restricted funds funds 2024 2024 Total funds 2024 Rental income 3,040 17 3,040 825 Other income 808 3,057 808 3,865 Page 17
NORTHERN INTER-SCHOOLS CHRISTIAN UNION (A Company Limited by Guaranteè) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Other Incoming resources lcontinuedl Unrestricted funds 2023 Reslricted funds 2023 Total funds 2023 Rental income Other income 3, 040 152 3, 040 473 321 3, 192 321 3,513 Analysls of oxpendlture by activltles Activities undertaken directly 2024 Total funds 2024 Activities 321,097 321,097 Activities undertaken directly 2023 Tolal funds 2023 Activities 333,078 333, 078 Page 18
NORTHERN INTER.SCHOOLS CHRISTIAN UNION (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Analysis of expenditure by activities {continued) Analysis of direct costs Total funds 2024 Activities 2024 Staff cost5 258,645 1,898 1,246 2,626 1,158 1,307 882 1,639 10,272 5,451 21,904 60 258,645 1,898 1,246 2,626 1,158 1,307 882 1,639 10,272 5,451 21,904 60 8,716 4,663 630 Depreciation Staff training Rent and rates Heat and light Repairs Telephone Printing, postage and stationery Sundry expenses Camp and events Travel and subsistence Bank charges Insurance Independant examiner's fees School books and resources 8,716 4,663 630 321,097 321,097 Page 19
NORTHERN INTER-SCHOOLS CHRISTIAN UNION (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Analysis of expenditure by actlvltles (continu8d) Analysis of direct costs {continued) Total funds 2023 Activities 2023 Staff costs Depreciation Staff training Rent and rates Heat and light Repairs Telephone Printing, postage and ststionery Sundry expenses Camp and events Travel and subsistence Bank charges Insurance Independant examiner's fees School books and resources 256, 124 2,557 759 256, 124 2,557 759 2,780 968 20, 684 1,236 1,922 7,304 2, 845 18,844 60 2,180 968 20, 684 1,236 1,922 7, 304 2, 845 18,844 60 8, 100 4, 562 4, 933 8,100 4, 562 4, 933 333,078 333,078 Staff costs 2024 2023 Wages and salaries Contribution lo defined contribution pension schemes 244,795 13.850 242, 154 13,970 258,645 256, 124 Page 20
NORTHERN INTER-SCHOOLS CHRISTIAN UNION (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 staff costs (Gontlnued) The average number of persons employed by the charity during the year was as follows.. 2024 No. 2023 Charitable activities Administration 13 15 17 19 No employee received remuneration amounting to more than £60,000 in either year. 16 (2023 - 181 of the above employees participated in the Defined Contribution Pension Scheme. Contributions to the employee pension schemes for the year totalled £13,850 (2023 - £13,970). The total employee benefits of the key management personnel of the charity were £43,404 {2023 £53,280). Tangible fixed assets Freehold property Office 8quipment Total Cost or valuation At 1 January 2024 40,478 19,704 60,182 At 31 December 2024 40,478 19,704 60,182 Depreciation At 1 January 2024 Charge for the year 16,305 1,898 16,305 1,898 At 31 December 2024 18,203 18,203 Net book value At 31 December 2024 40,478 1,501 41,979 At 31 December 2023 40,478 3,399 43,877 Page 21
NORTHERN INTER-SCHOOLS CHRISTIAN UNION (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Debtors 2024 2023 Due within one year Prepayments and accrued income 8,812 9,978 8,812 9,978 10. Creditors: Amounts falling due withln one year 2024 2023 Other taxation and social security Pension fund loan payable Accruals and deferred income 2,931 4,426 3,468 3,076 2,448 3,318 10,825 8,842 Page 22
NORTHERN INTER-SCHOOLS CHRISTIAN UNION (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 11. Statement of funds Statement of funds - current year Balance at 31 December 2024 Balance at 1 January 2024 Transfers inlout Incom8 Expenditure Unrestricted funds Deslgnated fund8 Designated Funds- all funds 40,478 40,478 General funds General Funds - all funds 57,503 44,036 (85,834) 30,364 46,069 Total Unrestricted funds 97,981 44,036 185,834) 30,364 86,547 Restrlcted funds North Cumbria Craven 68,482 2,484 11,314 2,524 21,661 34,818 69,114 1,757 924 44,181 7,114 28,782 763 141,830) (5,607) 128,078) (6,1101 (1,1381 (3,2221 {2201 (10,6981 (6,9391 (6,048) 64,723 2,8S3 8,796 3,067 20,892 26,284 50,940 1,757 924 Eden Furness North Lancs South Lakes West Cumbria 85,359 26,345 31,751 175,430) 127,940) 143,877) North Holiday South Holiday Listening Service 8,490 112,501) 4,011 213,078 232,785 1235,263) {30,3641 180,236 Total of funds 311,059 276,821 1321,097) 266,783 Page 23
NORTHERN INTER-SCHOOLS CHRISTIAN UNION (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 11. Ststement of funds Icontinued} Statement of funds - prior year Balance al 31 December 2023 8alance at l January 2023 Transfers in/out Income Expenditur8 Unr8Strlcted funds Designated funds Designated Funds- all funds 40,478 40,478 General funds General Funds- all funds 115,491 32,821 (106,300) 15,491 57,503 Total Unrostricted funds 155,969 32,821 (106, 300) 15,491 97,981 Restrlcted funds North Cumbria Craven 78,616 1,514 9,296 2,077 33, 768 36,048 70,056 1, 757 924 41,481 7,379 30, 706 961 76,473 28, 749 35,122 (45, 665) (5,490) (26,112) (5, 950) (919) (2,576) (514) (9, 896) (3,697) (5,471) 68,482 2,484 11,314 2, 524 21,661 34,878 69,114 1,757 924 Eden Furness North Lancs South Lakes West Cumbria North Holiday South Holiday Listening Service (78, 684) (26,282) (30,593) 420 (13,952J 13,532 234, 056 221,291 (226, 778) (15, 491) 213,078 Total of funds 390, 025 254, 112 (333, 078) 311,059 Page 24
NORTHERN INTER-SCHOOLS CHRISTIAN UNION (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 12. Summary offunds Summary of funds - current year Balance at 31 December 2024 Balance at 1 January 2024 Transfers Inlout Income Expenditure Designated fund5 General funds Restricted funds 40,478 57,503 213,078 40,478 46,069 180,236 44,036 232,785 185,834) (235,263) 30,364 130,364) 311,059 276,821 1321,097) 266,783 Summary of funds - prlor year Balance at 31 December 2023 Balance at l January 2023 Transfers in/out Income Expenditure Designated funds General funds Restricted funds 40,478 115,491 234, 056 40,478 57,503 213,078 32,821 221,291 (106,300) (226, 778) 15,491 (15,491) 390,025 254,112 (333,078J 311,059 13. Analysls of net assets between funds Analysis of net assets b8twe8n funds - current period Unrestricted Restricted funds funds 2024 2024 Total funds 2024 Tangible fixed assets Current assets Creditors due wthin one year 40,478 56,894 (10,825) 1,501 178,735 41,979 235,629 (10,825 Total 86,547 180,236 266,783 Page 25
NORTHERN INTER-SCHOOLS CHRISTIAN UNION (A Company Limited by Guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 13. Analysls of net assets between funds {continued Analysis of net assets between funds - prior period Unrestricted funds 2023 Restricted funds 2023 Total funds 2023 Tangible fixed assets Current assets Creditors due bmthin one year 40,678 66,145 (8, 842) 3,199 209, 879 43,877 276, 024 (8,842) Total 97,981 213,078 311,059 14. Trustees None of the trustees (or any persons connected wlh them) received any remuneration or benefits from the charity during the year. Donations made by ihe trustees without any conditions altached lotalled £9,620 (2023- £9,255}. 15. Related party transactlons The charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing belween related parties and the charity at 31 December 2024. Page 26