REGISTERED CIXIPANY NUMBER: 07260215 IEngl•n'd and Wales) REGISTERED NUMBER: 1138459 REPORY OF ThE TRUSTEES AIID COMXIDATED FIIIANCIAL STATEMEKrs FOR THE YEAR ENDED 31 MARCH 2024 FOR SOUL CHURCH LTD THir 2411212024 COMPANIES HOUSE Saxty & Co & Statutory Audltcrf 124 Thor Road NopHich NR1 1RS
SOUL CHURCH LTD ci)JirENTS OF THE FINANCIAL STATEMENTS for th• y•ar ended 31 M4r¢h 2024 Pag? stat¢morf ot Tm$te•s' RponSIbIlI11•0 7 to g Con4olklat•d SIalem of FInan¢1 Acts¥Jtl•¥ 10 Bal•n Sh••t 11 Con•olld•tsd B•lanc• Blwt 12 Consolkl•tsd ¢a•h Flow stat•M• . 13 14 Nots• to theFinAnd•l Stst•monts 15 to 25 26 kn 27
SOUL CHURCH LTD REPORT OF THE TRUSTEE8 forth• y•Ar•nd•d 3111or¢h 2024 The TrUStS who ore d0 dffjctors of th8 chvty trthpwr)8es ofts Act 2(. prawt reFort wlth th8 ltrwiclal ststgments of Ihg cw for th8 year entsd 31 Mrrth 2W24. Thè Tru8lee8 have •doptad th8 wovbtr)ns of A¢[nIn9 and Rfjptylro by Charlle•: Stsloment of Re(x)rnmendgd Pr8L#tL applKablo to charIt preparing tr1r accounts In aCtrdrn wfth th8 FlnanLlal R8porUng Standard appllcable tn the UK and RfjpubfiG of IrelarKI (FRS 102)1gfffjctlve l Jorw8ry 2019). Ml$sk+n Ststem•nt Our mlsslon 15 slmple.. 104p In Adton,. Ourvalu To bo'ChrfBt.Contsrgd. Peoplo Empowkng, Focu8ad. LI G. wiwyxk•J wlth a ¥plrtt of &xe811once.' VMJ Wg Ar• Lc¢ate(I In Norwth. Norfolk for 80 years Iprovk)UBly kn(A¥n a$ Nor4Ykh FalY Lllg Churth) we rrenty h and 3upp)rt ovor 3,OCQ people eath week ac¥oss our proJrdmme of So1¢?5 and proiects. Wa offer a de rBnge Ofagslstan and acth85 suth 0$ ourotsted aptyoved nursery, SuptIo1 swwry educational needs and dlsabllltlas, chlwouih arKI ywng adult prcgrammfrs, 8 so(xal $up9mwkeL mental h•allh supporL lob cfubs, debt 888iglance. a Gafa. ¢yJtrn8ch wort p8slor81 Suprl projects to raducè lonellness and Let10 and 8UPPTht for the home88 and vulnwabkn. W8 0)nu9 to develLV our Strong p8rtn8Y8F4ps wth Ic1 org8thath)ns such 0$ Tho Ckn Sthxjl (a Jpeci¥li8t physk81 and cfjmpléx need8 school) and Tean Chl&n8 {8 re8Jdentk4 addAon r8hebUMBtl¢)n f8cllity). Wo also facllMat8 a 1 year theology dlplomo run In conlundfon wlth CoNege as port of LNJr SO Loader8hlp Acadgmy wNoh offer8 praclk818nd P8rsono1 developmwrt and oprcrfluntitgs tr stLhlents Irdudkng an annual Intemotlonal ft8810n trlp. Our h•art Is to irtroduce aThl uJrineEI pw ¥Alh Josus. to knvo G(Kl. k)Np pguplB, and k)¥o Iwg In a By that hOrul8 our pas( lrnFts th• pr¥sent aThl trAAhl8 for futur•. OBJECTIVES AND ACTivrrES ObJactlv•s and alm• of Soul Churth Ltd Th8 ¢harftable ccfflpatys Oty•c a¢#fvltbs :. To advorte tl CMstl8n lth In ts Un#gd KknG¥knI th• thwkl as the dlTgclcf8 from Um• to Ilmg may $88 fi¢ To rBllevo 61cknes8 eTKJ fin8noal haTdBhlp and to wirM¢a and preserva go1 hedth by the prtw1810Tr of funds, goods or s8cS of any klnd ncltJlng thTwgh th8 provisi ol counsellng aThJ Support In such p8rt8 ofthg Unitwj Klrrfdthjm or the wtyld 88 tho dreetors frrTh Ilm• lo Om& see fft: and To advan( Ucation sixh vrnys and In parts ol the Unw Kkngdom (W th8 worfd 88 thè dIrect Irom lo ttmg may see fit Ourprogrammgs and 60rv8s are mad8 8¥aab to al pw)10g Irrw8¢tivo olfalth Or[8£81 tli•f. Equaltty and dlvor81ty arg Important to us and Urthnnd by our r81 pc41cle8 th a¢¢cd¢¥ wlth 18gl$latlDn whkh are regularly revkn Publlc bene The Tru8le86 have rgferred lo the Charity Commb81on bwkjanco on rewtlry on publk bgnefft (8eclhJn 17 of Ch8riiies Act 2011> revlaw1 I Charity's alms and ci)Jo(Ng8. vthen plannlng th8 Chadvs actlvltlos. Tho Tw$tees are thoreffn conlhjont that the Ch th• requiremw)t& Employm•Tht Ourfng thè yoar 31 2024 tha chwlty wnployad 50 stsff138 fulkllm• wuivalonl) to covw A wldo varfgty ol rolos sh as our Ofst•d approved nurswy1105 chllitren onffAlod), wr 8tuiknt programme. muslc. woduction aThJ comrnunl¢xtkMs, fin88, human rn8ourc83, 1xtreh to BL*od8, klds and youth 8ervlces, pastoral ¢are. rn8ntal h8allh supwi sodal surnalkL communlty caf6. ond wegkty church sar4leos. Slaff are a0 8UPPOrted by 8n amryol dedkAtsd vlknteern from thè MMunItyW11 8 broad 8p6ctrum 018kMb and Pag8 1
SOUL CHURCH LTD
REPORT OF THE TRUSTEES
for th? yw ond•d 31 March 2024
Employm•nt. contlnuqd
8XPOrtenc• In a vart•tyof $ph8rns. The average numborof ¥0toIS oach was 200. It15 not reallstlcally
)881bl• lo put a value agalrot thfis Incredlt40 r8sourea (
SOUL CHUREN LTD REPORT OF THE TRUSTEÉS for th• y••r dad 31 lJl•r¢h 1024 We aiso hav8 annual May aThl October wh1( brfbvJ ljUn91 through ueative Indlvklual lurKlral8lng. oppOno8 to dMats ar8 provhjed at ¥fftkly &9 wel as t gmro, BACB tr8n8fer or slandlng ordw gs w81185 an overneas partnership with Trt BdGnoTOdty Fodon. W¢ were fortun8"t8 to r8cknlnrA)mèfrom tts 8nd fvthg bod6 for+xw rw d8vthim8nVry)rnfflunty hub. Our nurse'ry rgceivos sla"tutory fundlThJ. We do not foresee th8tYxld Imp Ir fnandoj pwfmnce or posNlon. In¥tMent pollcy and obJ•ctlv•8 The TruBte98 are 0rrrfjowerI. where aMxopr aThl to NgBt funds kn a fflannar 1mprI&l8 lo th finori¢10l rwulrmerts of lh9 cthorttatrfa CoMpy. havlro reggrd to securlty any Irwestww48 mado ond the requlr8mtrnts of tha Charlty Commlsslonefs ¢d8r. The Tru8tee8 hold ca8h In a dopDsit account lo onwro11 IB avafAt4e for ch8thabk puse5 81 Jrt nolka. R•8•ms poll¢y Th8 Tru8t80$ havg 0otsblbh8d a tty knvol rl tr88 reswv•s tlkqt 8nab18¥ stsbllty. IN adoquota to meet thB requlrernent8 of %4wklvd Ca1 and acts as 8 Ih)n 8galnst fluduouons In kncome level8 and in thg firkancial pgrfrymancg of tho ¢harilVB OCtNitw. The ta level appJ185 to tha totd of 911 unro$triGtsd roserv88 avala16 1( The tsrw le1 Cel¢tad basod LY) a numbar OInra of8xlmJtod tol81 &xpendiluro. The targ6116vel of r868m6 18 months ol esYmaknJ oxp•ndtture from w)wlrkJed fund$. Tho Trust $"9gk lo malnlain ro88Th8s al or level by Beitbng and approvlng annual budgets ¢xn61stonl with the reserves polky by rtymttorkng flnandal PfMM ag•mtlwdyt. Tha Bowd rnvlew6 thè rnserrfos poIIGy at le83t annually. At 31st kl8rth 2024 Iho calcuf8t8d targ8t1ovel L rnsgrvos was £474.061. The adual levd of fre8 held at 3131 Marth 2024 wo5 £287.784. The Trusl8&5 h8V& 88t B auU9 budw lor 2024r25 which wlll brlng the lovol offr90 rosms bock In tkno wllh tho r8s•Thw Futurn pl•n8 In March 2024 completod th• d8vekymgrrt of the new 58.IKiI sq.-ft church and (yjnmunlty a88el at th8 8lle of our prevlous clwrch on Hearts8a68 Lane. Thls purpo90 state of tho art facllty 18 gnabllng us to Increase our s8[vI to meet th8 needs of our Clty and County. We 111 fx)n11n lo dellM our exi6Vng acUviti88 aB wdl 8¥ ¢stablishing whk* CW TrnO1 thg dwltys atm5 and JeCtiV9$ and which odd real Val to peop and wr kncal Mnre¥. STRUCTUR GOVERNANCEAND NAGEmE1¥r Gov•rnlng do¢um•n't The organisation a charl1ae Gwpany limttod by guarantw inDJrpmted on 20 May 2010 and re9i8lered as a tharity on 10 October 2010. The comp8ry wa8 estat3 der a M¢mraNlum ofA%socJ8tbn. whld) astsbllshod the objects and poTS oftho dwrllabla comp8nyand18 govérnod underll8ArUc186 oIN360daUon. In the event of the charltabje Conyany bolng wouThJ up mèmbers org requlred to contrf1te an amount not aMC8èdlng £1. durtng tha pth)d of Ihdr appolntffl8nt bs a membw lor a pwbd of 12 Mont aftor re81gnallon. Pay & Remuneratlon Ow Rornunaralon Comrrknls mBde up ofa quowm of (8 rnAnlmum ofj 3 board wombors WIM) agree arrAMI pw awwds and any skJnlficant paymants 8rKI set ory b•hMS 0$ rtwlrBd PwJg 3
SOUL CHURCH LTD REPORT OF THETRUSTEES for th• y•arended 31 March 2024 R•crultm•nt and appolnlm•nt of n•w truste Tha pOr of appolntmènt of Tru8ts8sIDlrnclors Ibs th8 Board. The TTU3tOBS ar• u)rnrnMtod to rewlting and malntalnlng a tLqnc¥d twfd IrKrypor8Ung a wlde rang8 of èxpe and prof8sslon81 8xpedenc. Al Truste88 are acttro m6mtw8 of the thurch, wlunteer thok lkn• In the delfvery of$eMee8 and or• hokl k) 8 81Andwd of CIYrBtlan m(Kal#y. M•fed part of Ihelr IluLatOn tlwr oblgatkins thder ¢lr and corrprylow. tno)uragwJ to Hoise with 811 p8rt¥ of th• (wliy io ensure a lull underntaThJKKJ of fol88 and re8Fon¥ibKlties manay •ny eoll8edve arKI pus81 ii8ks or118bliUos: ar invltsd Its atténd rogular trnlrtng wthrfd•d to staff 4rKI vdunteers 0rIng a wldg ran of oTln81 8nd srItUal topk7. Ory•nlallonal structur• Tho Charlty 16 wvamed by a board of ete(ed vokjnteer Tnth•s < provkle a l)r•adth of and expwlFsè to malntsln slrntsgK dw8ctw.'eAr8urn grN)d gOvamCe andeffectiv8 Manogom¢nldoryisafional rgqulfemgrts. Tho dably management IB oversew Senw)r Pastorwlth 8UPPOrtfrixn o l&adeTrhlp 1o•n and ovor SO staff vtho toggthgr ¢nable u8 to a¢hB.v8 ourvlsion goals. Tha swppri of dedkated voluntrn also amures the smooth f10 oflhe Charity. R18k Manag•m•nt Tho TnJstO06 hava a duty lo Idaffj and rovlgw thè rfsks to whkh thè carAy Is oxpowj and to ensure appropiiale controls ore kn pla to de roas(able against $uch risks including fraud. nfjgllgoncg. porson81 Injury. safwwdlng. dola protectbn. L8sues ond morBI f8llure. Thg Trustses and dologalod stsff rf5ks ofthg charltablo compony (m a regulor ba8i8 arKI Ynplgmgnt poli¢lg8, prC9dUr8$ and tOn$ to mlugate OXPO8ure to Iho58 tsks. REFERENCE AND ADMIPISTRATIV6 DEfAILS Réol•t•r•d Company numb•r 0726021S (England and W81 Reght•r•d Chrlty nurnb•r 1138459 R•glst•red 43ffle• Soul chUb 55 H¥ArtS•8 La NO Norfolk NR7 9NT TruJt•• Mark Hollng P88ttY Jcfi Nomian Dlr¢ctrA Steven Mèwston Directcf Rlcherd Nash Olred Suson Knlgms Dlrerl J¢%&ph MclQnnoy rector lappoknted 26 2W)
SOUL CHURCH LTD REPORT OF THE TRUSTEES lor.thè yoar end 31 March 2024 Managèment Lead Pastor Jon Nomian- SenKJr Minislef'and chf"ExeCute Officer Cornpany Secrgtary K E Evans .Auditors" Sexly & Co Chartered Certified Accountants & Statutory Auditor 124 Thorpe Road No*Ch Norfolk NR1 1RS . This report has been prepar6d in acdarKe wilh" ihe spec.rdl provisions ol Part"15 of4he Companies AGt.2006 relabng to small companies. Approved by ord8r of thé board of trustees.on3gigMWU. Li) =..4nd signefj on'its behalfby.. R P Nash- Trustee Pag8 5
SOUL CHURCH LTD STATEMEKf OF TRusfEE8' RESPONSIBILMES for th• y••r•nd•d 31 March 2024 The trust••s {who are akn the dlreraor¥ of Church Ltd for thè purpc68s of Company lawl are resportslbla for prrtng the Rewl of the Tfustso8 ond th8 financial Blat•morts In at%0[an¢9 wjth •pplkablo law and UnRed Accounltng StarKlard8 (Unled Kwom Goner4ltry Accep.ted P££wMlng Prn¢tk81. C(wnpany law rgquirns th8 trustOeS to prep8re Ilnanclal 8taternenls for eath lknandal Ythich gIV8 a truo 8ThJ falr eW ofthe sl8t6 d aff8irs ofth6 ctharf1ab MPanyand ofthe IrornIng r85OUr and 8ppllcatSon of rB30urce8. indudiTr3 the In¢ome and exp0ndre. of thg charttable corrp..wy for that p8rfod. In Ffèparfng those ffinal st8tanenty the truyteeg or8 rnqulr•d sele¢t 8ultsblg 8ccounllrYd Fdl$ and trn 8ppty th8m cortsistenlty: obsorve thg methods 8Thd pfirdples in th? Charity SORP: m8kèludgemonts And •5timates that are roa8on8bb and pNd&n¢ prepar9 tho flnandal statgmonts on tha golro (j)ncn ba81$ unloss It IB Inapproprlts to presumè Ih8t th• charttabl$ companyv•ill conltnua In busln88S. Th8 twsts•s are rn8pQb frx keepiffj twoper accLNJntwig rowds whkh dlsdo6e w*h reasonable 8ccur8Cy at any tlrne the ffftanckgl of ts dlte rrtp8nY to en8blg them lu enswe that the flnanclaj 6t8tsments compty with Ihe Act2006. They are also re6pon6iblg for safryu8rdlng (he 88sets ofthe charitable company for laking rnasorMble step5 forth8 wavenlion and delect5on of fraud and othpr irregul8rltieg. In 811 far ag the trugtw mv." . thw01s no r818v oud6tinfiwffotiM ofwt&th tho charflth ¢L¥np8nYs authrs are unawar•: and th8 trusteos hav8 tsken oll stops that tw ought to havo takw lo make tknsdvos aware DI any rel8vant audlt trrformadon and to gstabThth that th• audtivrs ofthol Snfomiathjn. P8B8 6
REPORT OF THE INDEPENDENT AUDITORS TO YME MEMBERS OF SOUL CHURCH LTD Oplnlon We have aud"Ited the LX)n8dldat IlnarKlal slalements of Swl Chwch Ltd (the'ch8nlabl8 (#ynpanl for the year endad 31 K4arch 2024 vthlch com88 the Cortsdklated Ststem8nt of FIn8ral AclivMe5. thè Charrty Balanco Sh8et, th8 Con60Ndat8d Bala9 Sh8rt thè Con801 Cash Flow Slatoment notes to the Ilnandal slatoments. tdIng a 8ummary 018kJnlff¢8nt accntIng p488. Th Ilnandal r8p(#lkng framework that ha8 been applled In th8tr pr8paraUon 15 gppltcabte Lqw and unt Ktngth Accounllng Standards. Inclu(Ilng Flnanclal Rewth star 102 Tho Fknanclal Rert[n9 StsThaard appucablo In th8 UK and Rgpubllc of Irgjand (Unltgd Kjngdom GaneratyAc¢epled NOnn9 Practicol In Our opinion ihe finarthl ststsments". gfve a true Bnd tslr of the 81ate cl the charllable Ccfflpan6 affalrB a8 at 31 Marth 2024 &nd of Its Incornkng resoLrn and &pIcat]n of resouw. bndudlng ts Sncome and gyndttuig. tr the y88r then ended.. and - hov8 been prgp8rgd kn gKordan(¥ vAth tho requlrrnnt8 dtho Chorfuos 2011. 8818 for oplnlon We o)nduGtgd our gudlt In aixordllnce Tth tk)nl SknlardB on Auth (UK) {ISAs (UK)) 8nd 8ppIIc8ble law. Ouf re8pon$lbllltig$ uNJwthose sland8rdgaro fUth•rdgIbOd kn IhgAudllors' rwnsil1tt for the aLwJIt oflhe ffnandal statsments 68Ctlon of wr reFNt. We iTrJependent of the charitsbig rnnY in accordanc• with the elhlc81 requw8ffAnts that arB re¥tt0 our audlt of the flnaK4al Stalemènts In Ihe UK Including the FRC'S Ethlcal Standard, andvm have fulffillod ourotherelhlcal res511•S kn accoTdanc• wNh th888 requiremenls. We bdievo that audit evthnce we have obWn&l L8 xrfficlenl and 8pproprfat6 10 provlde a ba81$ for cr oplnkjn. ConcluBlons r•ltlng to golng concem In audltlng tha flnandal 8tatomont8. wo haw lxXd9d that thg Intsto86' of IhB bosls L acix)unttng In th8 preparatjon of the lknanclal ststewonts L8 approprf8te. Bsgd on ts MY)rk havo pgrfonnod. w8 nol Idgntifiod ory motsw1 urtaInts Telatlng or ci)ndMon8 that, IrKIMdu8lly or colloctivety, may G88t 8iwfftgnt doubt on ¢h8rft8bl comp8n$ abllbty to continue 08 a gclng concom kn a p11 of al IBast tsve moth frc¥n bthen the flnanrjal 8tslements ar8 dulSed for Issuo. Ow r98FOn" siblliUo8 ond tho fBsponEA>&lkn of Ihe ttee$ wltrTr rwct to Wng concarn am d88cribed in the MInI sodons olthty r•p(xL Other InfornlI0n Th& other infonnatton comprf888 tho knfonnatkjn Irkrf Jn the tnMleeB' annual report otsthan th8 finan¢Jal 818lements 8nd our audllorf8 repOrtre0. The truste98 wg r8eF4)nslNelortha other Infc¥matlon. Ouroplnlo on tho flnoncknl stalemgnts d( (Xwor Ihe otrwlrfowrnalkjn aThJ wo do not oxpr966 f(rn 01068warce conclu$lr)n th8rg0n. Our r9sponsibllty Is to read the other Infomth 8nd. In d¢)Ing g). wh•thw the olhoF Irformalk Is malerlalty Inconsistent wilh the fmandal stOt¢rMnts or wr knrrthedge obts[rd In the ctyjrse of the eudil or otheMs8 appears to be m8teriaHy mi&rytated. ff we idenufy s materlal IruJnglst8ncl&s or apporont motertal ml851alements, we are requlred lo detfjm)Ino wh8thgrthi8 glves rtse to a materw mhstatemenl In thg financial ststèm&nts thems8fvas. M. based cm th8 vAyk h8¥e perfum•J, (Thdud6 thore 18 a matsrf81 mL8stalem8nt of thls other Informalh)n. wo are requlrnd to rew1 that tscl. Wè have nothing to rawt in this regwd. Mattets on whl¢h aro rnqvlrfjd lo r•port by fjxuptlon We h8v8 nolhlng lo report in respect of the following matters In rdaljcffj to Clwrftle8 (Accounts and Reports) RegulaYon$ 2[ rg¢wlre to rgport to rf. in 0nIon. the information glven In the Irus18es' rq)Drt b Incordst•tt In ary Thvtwlgl rospod with thg Ilnanclal slat8ments: or sufficlent accounllng recé)rd8 havo not bgen W ¢y the flnBnclal slalgments ar6 rw)I In agreern8nl with the rgGord$'. c¢ we havo not re¢eW All tha Infomwtbn and eXpnationS requiT8 tor aLKIIL Pwde 7
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF SOUL CHURCH LTD R•8ponslbllltl•8 of trusto•s As gxplalned more lulty In the StstamgTrt of Twst8es' R88pon51Nlls. the thJsto•s arn 81so Ihe dIr8¢t5 ol th8 tharitabl8 companyfor Iho purpcrfes of nanY lawl arè rtsportsUefortho propaTrUon ofthe fan81 stotem8nt$ and frjr tlng safjstsd thot they give a true and falr vw, and for Buch intem81 control 8S thg trustses dgtemlne is nocesswy to enab th8 prwaratbn financlBI slatwnts thal are from matsrfal mls8talemenL whather du¥ to frwjd or error. In prèparfng Ihe finènci81 statements, Il trstO8 a Rsponsftle Tor ass•sslng the charftsble companfs abilty lo continue as a going corKern. dL8caoslng. as appkcabb. mBtters reL8t8d to 9olng concern and using tha going basls of atcountino un$ lh¢ Irustees erfher1nld lo ILIdate fv thrilotde o)mpany or to ceasè ¢pèr8th)ns. or have fto mlith altematiw to do so. Our ff•8pon•lbllltlM forth• •udlt of the Iln•nclal Wa have been appdnled as wdftor under secuon 151 ofthe Chwlues Act2011 and rnport In ac%On1Ce wlth tho hLt and rtrlwt UlatIonS mJe or havlry effècl thweunder. Our ObCtiV•S are lo obt81n r9880nO assurdnce aLx>utwhelher theffinanaal statements as è whole a free frun malerf31 mLsslatsffl8nL whother due lo fraud or and lo su9 a RoprKt of tr Independenl AuditOTS Ihal Indudos our oplnknn. ReasonJe is a hpJh level of &55ur8n¢•, bul Is not a gu8rdnlee that an udl ccnduded in 8C£OTdanrA with ISAS (UK) thrny8 d¢l¢¢t a materfal m18Statenwnt wh8n tt 8xtsts. Ml8Stat8m•nts ¢an 8rfse from fraud or effor and are con•ideTrd rnaterial if. indfvkluauy c In tho aggrogate, they could r8a$onabty bo exp8ded to wffluenc• the econcrfnK decision5 of l$ taken on the basig of the80 flnanclal sl818rnents. The axlent lo our FYocIrns are rapoblo old0tNrIj trr8guJwkng8. IIng fraud k dgtslled below: IrregulolI9s, Indudng fraJ. •Tg of non4110rth 7rth 18w4 8Th1 r9gulallons. W• d8slgn procedure¥ in lin• our Te8p(mslblllU&s, outllnwj 8bo¥o, to detect ffAterial mbstatsmont8 In ro$po¢t of itregul8ri1igs, tndudlrwJ fraud. Tho axtenl tt) whKh our procedurns are capabio of dateclng wregularl(ies. indydlng fraud Is d&tslled bek)w'. Wq havo rrAd8 onquhias wtth managThnt ro99rdr thelrwoc•rosfOr llty1Thj ond rggulBlicn$ along wtth detecling and prevent fra1. We th rev16w mlnutss of m8•ty and any publlsh6d n8ws Bclej to Klentify any Instan of r-comF41are th and rgaalK)n$. EvJdgnc h85 b•8n obtrln8d whw•applk8bl&. Wrjltsn rowel18UOn has b08n obtalned to eonfirmthern hav8 be¢n no brgoches of laws arKI repallons. Th9 oudtt procwjuw wo dngd go thot V•lih reae(ThNo 888urènc8. molerlal mls8tatempnts (An ba etectad. Includlng IhJ8e to frd. thRy. aTras lch InvoP¥e provi8K>nB or gStlmattonF hav been Iqsted where materfd. Wo wnsklor ouraForoa¢h lo bo rngwngblg th16 enllty. A furthgr dg8¢riptlon of our re8rsIbleS Ihe audll of the flnanGlg1 ¥tatèmènt8 located on th8 Flnand81 RepL)rtlng Coundf8 website at www.frcmJ.uk18uthtorsregpJrrit¥lllb9. Thby dos¢rtpiknn forms p9rt of our Report crf th¢ Indop6ndanl Audttors.
AEpthYf OF ThE INDEPENIYENT AUOITORS TO ThE MEMBERS OF SOUL CHURCH LTD U$• ot•ur r•port Thls report 18 madè •(Wy lo Clan$ Inth. 89 a t•*, In xtxrdance wllh Po"rt 4 01 the Charttlgs (Acunts s1 Raph)rts) R8gul8th)N 2008. Our audtt work be8n undertakan 80 Ihot vrt Mh1 8tstO to Ihg Charl19 compa matterB ar9 rpwlrpd to ststo tothgm In an alI05 rowt and for no olhw pur8. To the fuwesl extent pormttto(I by Jaw, wo ¢Jo not accom rr rosponslblllty to anyone other th8n the charllgt40 rnpa and ch8ritalAè )Mpo0 trustggBa60 boty. foroLKau(lllwo for Ihjs ropjrt. or forth• oplnkffj ha¥gfomwd. A IA or¥ {Sankir Stthlory Atyjllty) for and on thID1 Sexty & Co chartg.rnd Cortffigd AnIn a Ststtrt A0[tor 124 Th0 Road NoA¥tc Norfolk NR1 1RS Dat•:..,,.25....... .2èZ¥..-........
SOUL CMURCH LID CONSOUDATED STATEPIEpifoF FINANCIAL ACTivfiiE3 OMCORPORATING AN INCOME AND EXPENDITURE ACCOUND forth• yMr •nd•d 31 M•r¢h 2024 2tr24 Totsl fund$ fvnd INCOME AND ENDOIWENTS FROII Omatbn• and ltyadas 1.887.401 1,691mn 3.379281 3.101942 Charftabl• octlvklè• Charf18blè Acfvty 1206 553.406 430.940 Other tr8dlng 8¢bvi08S Inv8strftant Snc 104.115 7.078 1014.191 11Jl,115 7.078 1.014 191 89,323 5,600 EXPENDMIRE QN Ratsing funds 28.189 22.314 Trndlng 8¢ttvlty Ch8rttth o¢tMty 41.330 1.710 41,330 1717 832 23,239 1472 025 1787.351 1A17578 MET.114COME 1.573.344 1.897.376 3.270.720 2.112227 TRANSFERS BEfwEEN FUNDS (520.730) NET MOVEMEMT IN FUNDS 1.LK52.614 1218.106 3270.720 1112.227 RECONCILIAnoN OF FUNDS Total fund8 tmugm fmrd s.n9.050 4,240.510 9,979,560 7087,333 TOTAL FUNDS CARRIED FQRWARD 8458 816 13 80 9 979 560 Pag8 10
SOUL CHURCH LTD BALAPICE SHEEr 31 PA•rnh 2024 2024 Totsl Totsl fvndB fund FIXED ASSETS T8nglble 8888ts Invgsbnwts 11 9.220212 12 6.441.420 15,861,638 8.935.885 9220.213 6.441,426 15.681.639 8.935,888 CURREPIT ASSETS Dabtorg Pr8p8ym8nt8 aNI Gcnl 1)m6 C88h 81 bank hand 13 457,1S7 104.914 45r.167 104.914 506.796 10.735 1809 826 8.865 17.1 846.055 2XdT.357 CREDrroRS Amounts folljno d'1hkn t)n8 y8 14 {829.476) (829,478) (1,293,043) IIET CURREPIT A&8ET8 611 16 17 190 79 1034314 TOTAL ASSETS LE&8 CURRENT UA8ILITIES 9219.W2 8.458,616 15.878218 9.970.200 CREDffOR5 Amounts f8lkng dug 8ft¢r ong yoar 15 (2A37.669) A143T.669) NET ASSETS 6.458 618 13.240 $49 9 970 200 FUPIDS Unrestrl¢ted fiJnd8 R8strk8d funds 16 8,781,933 6458 616 5,729,690 4 240510 TOTAL FUNDS 40,549 9 970 200 Theso flnanclol stsl8ments hava b8en prapwed In ac))(dance wllh the provl8lDns etyknblg lo charil&bl companies 8ubleGt to the comwJe8 reglmo. Thg fln8 cial 8tatsments by tr Board of Tntytfjos au11 for on k.IAP...'l&fJind were 8tyed orF Its behaff ty. R P Nash - Tt90 Th* noto5 l¢Th Fwt of th0$9 IInan( 8fat8ments Page11
31 thr¢h Xl IfA Total FIXEDA8SFrs 6182 15717808 8gS1151 9.276.182 41.428 1&717.608 8.gJ1.16f CURRENfAMÉrs 518 401.776 104,914 Dgblo 401.775 104.914 487.59Q 10.731 1827 709 805.927 Wfj.368 Cdah at L¥nk •ThJ 788,431 17.1 CREDSTOR8 Awunts fallh7g th•wtlhkn &fj2) 18353W (1397.979) TOTAL A88Ef8 IES8 CIIRAEirr UABILITES 9224333 6,461616 1fj,687.949 9.979. GREDrroR8 23 (2.437ml 11437.669 T91064 16 13260 9979 560 24 e.791.664 S,739,050 4240510 TOTAL FUPID8 13 9979 680 Thg Irianclal stalwnts by the Bo•d of T•8 W athc¥knd hjr Ig8yp On ' ' Af)..K£4M.£a.Wth were gnJon K8 R P NBth. Trnit4• Pa90 12
SOUL CHURCH LTD CONSOUDATED CASH FLOW STATEIIENT for Ihe yew end•d 31 IAar¢h 2024 2024 223 C48h Ilows frm ¢4porntlng actMIIts C8$h peneraled from wralh)ns Inttr08t pBid 1.&15,839 4.(i34.004 Nel ¢a$h WDvld8d by operadng actr41 1.831.748 Cas"h flow¥ from Inv•8tln4 a¢tfvith• Nel DISpos l (Purcha5el of flxed 8$88ls Interest reced 15,805,782) (5.446,920) Not 8h u8ed In Invosung xthvi1188 5 441920) CaNh flows from flnanclng a¢tlv41•8 Net nOn.rrent loan Thvernot Nel t4Bh provkjed by fmancry o"thtUBs -1231182 Chang• In rash and cash •qufval•nl¥ n thg r•portlng porf¢xl C•$h and ¢ash oqulyahnts at th? b•glnnlng ol thè i•portlng p•rlod 11x92871 1129,972) 1827 709 C•sh and ¢a8h wulval•nts at lh• of th• r•portlng p•rlod 1827 709 Page 13
SOUL CHURCH LTD Not•o toth• Consolldat•d Ca•h Flow Stat•m forlh• yoar•nd•d 31 March 2024 RECONCILwmoN OF NET INCO1 TO NEf CASH FLOW FROM OPERATING Acnvrries 2024 2023 Nat Ineofn• frn the rnportlng p•rhd {• p•r th• Stsl•mrt of Flnan¢lal A¢tlvltl•sl Adju8bMnt• for. Depr•clatlm dwgas Interest roc8ed Profft on dispos Offed assots Bank and other charg89 Dxe8591(incrè86$) li dobtorB IDecrea8eylnc¥ea39 In credltors Decreasel(In¢re88e) In Bt(x* 3.270.720 2,107,728 .691 17,0781 (1.011,3671 14,091 146.958) 1424.096) 41,646 15.600) 13,838 1,940,121 13.3771 352 N•t cash pyovlded by oper•tlon• 1845 839 ANALYSIS OF CHANGES IN MEf FUNDSI(DEBTI At 1.423 Cash fh At 31.3.24 Cèsh at b8nk In Pond 1529 287 1.827 709 298 422 87 1827 709 298 422 D•bt Oebts fallry due wltNn 1 y8ar Debts f8111ng due after.1 year (1231.181) 1.rJ1.181 2 437 669 2 437.869 2 139247 Th• nole8 lonD t crflFos0 fmnd81 stAt8m8nls
SOUL CHURCH LTD Not•• to th"• Con•Olldat Flnancknl Statsm•nt• forthe year •nded 31 March 2024 ACCOUNTING POUCIES B•¥1• of prnwlng th•Jln•n¢lal statsrn•nts Tha fInaL81 statsmonts of tha ch&rrtabl• cornp. %thch 1$ 8 publc b8n8fft ontlty vrth FRS 102. h•v• bèan prepar&1 h accordance wllh Ch8rlU•6 SORP IFRS 102)'Attounllnp and Rewung by Ch8rf11es.' Statsmenl of RQmmended Prgcllco oppllrAbh tg prepng tholr 8ccounts In accordan with thè Fin8nrAal R8porting Slandwd applkabl8 In tho UK #nd Ropubllc of Ir&l8nd (FRS 1021 (effeckn 1 January 2019).. Flnandal Repowury Siar¥Jard 102 The Fknanclal Reportkng Stsndatd oppll¢8ble UK Bnd Republ of Ireland, tha CompAnt8s Ad 2006. Th8 th8ndo18talements have been prepared urN18rthè hlytoricxl ¢)JstortranBBclon value ur¥s¥ 0thW3e Stated In Ihe r818vant accovntlng policy notas. Th8 f?9[ sta19mts p$ed In rbdK 6tOrtky and aro roundod lo tho ne4r•st pound. Company 8tstu¥ Soul Chwrh Ltd b a Nlvats conVY Ihthod by guorantoo In Er&Id has no 8harn c&p&l. Th rBgistei#d ad(Iro581$118twJ In Itw twsloes Parn"nt chavllabk Mmp•ny Tha pwent mado i 8urpJLL8 (rf £3,270.349 (2023: £2.109.547) fLY tho swr. Und8r 98cUon 4.08 of thè Comp8nbs A¢t 2CH)6 thg Company L8 ex9mpt from the requlrfjmonl Io F¥O8gnl118 8lateThnt of flnanckl actmlies vAthln th nSOlEdatsd financkl $t8témènt& All Incorr b réts)gnls8d kn th& Ststèmont ol Flnan¢lo1 kafr4I180 oncè th8 drty has enlttl8ment to tho frJ"nds. 5t Is wobatAe trthe Incom bo roc414ed and the anYJunt ean b• mgasU1 rellaw. Incorn8 from tsadiry 8d¥itiw includes eamwj from fimdralskng evgnt. trIng acllvlJes to raise lunds forthecharfty and tr8(Ung lrtom8 ofwholty Owld substdkry Soul Ente80 Tradlng Ltd. IrKom& Is recèlved In 6xtharya lor supplwng and swvkos In ¢yd8r to fimds and Is r•cognksgd when . entillement h•s oc¢utr•J. Expendlture U8bllitl8s Bre rgla•d Xp&1Ur8 aSs(X88 thore bB o18gal0rcon8trth8oblioaOn cornmlttlng thè charfty to ihat pOndVI. tt L8 probabfe that a tsarlar of )nm bgnbffts wlll be raqulrad In $gttlem8nl and the amount of the oblwllon can be measured rellabty. ExpgTrJlfuro 1$ accountod for on an accwal$ basls and has boon d8sslfi8d under headlngsthat aggreg8te coyt rèfatèd to IhBcalegory. Whgre costs rannot be dtr8cUy attrtbLrt•d to p1kur headhw$ kn hav• bn allooatod to aGthIlUes on a basls cc¥vAlstent wth the use of resj. Ra181ng fund• Costs of gBn8r8ilrvJ Ara lkns8 Inornd seerYd 7éduTrtsry c4ythuti(xw and 01 Income 98ner8llon. tor gxwW8. tha rA)sts ass4 wllh running ovonts. Support costs Support Costs In¢1w the c8ntr81 fun(ons of financo. hum#Tr h)fomwtkn t8¢hnology. exlemal relallon8 and goneral 4dTr4rdstrathxL G0m*ta ¢08ts Govamancg costs kndudo t1• Incvrr•J In the gover of Iho and its a58ats and a prfmarfly a86oclated u)n8tllutlrxtal armj 8tatrJlory rnqulr$m8nts. Paga 15
SOUL CHURCH LTO Notm to lh• Congolldat•d Flmancl•l Slatem•nt•- for th• year end•d 31 Ilarch 2024 ACCOUNTING POUCIES. eontlnu•d Tanglble fixed 888•ts FiYiurp3 ond frtlln98 8Th1 rTK4or vohid8s we stslod al cosl less deprecialion. Frgohgld property and property a(Iditiw aro $tstwJ at replacement C06t. knats ara ¢8rAlalL88d when the val of th• 8ssat orgroup olassots a sIe puryjose costs at leasl £1.00). Doprec18tbn Is pmvkjed al ratss Cal1818d to y[te off the cost of fix¢d ¥ss•ls, Ihelr oslSmalod rg8ldual wa0. ov8r their experAèd U8eftJl lfve8 on thg fdlowing bas&s: Freehold woperty Fyty additlc Flxlur88 8nd filtlngB Motor v8htdes Pl8ntand rnachlnwy - 2S% on r¥ludr¥J balan -25%onl . Slrafaht Hne over 3 year8 No depre¢01 tho fIBehd pmpwty 88 opknlon of th8 trLthes 8ny thary WCld be Immaterlel. T•x•tlon Tl charity 18 exampt from twraOn tax cm tts charjtablo 8CtMUo8. Tha ch8ritys 100% ownod 8ubsldlary S1 Fntwprfs• Tradng Ltd18 rnt MPl aThl therefore poys copxa. Ilon tax al the malrj Valu• •dd•d tax The ¢harlt¥blo ¢ompany Is rogidered forVAT. hry VAT k charged as an expense again9t the actjvty forvhjlth exwidityrg aros•. Volunl••r help The vatue of any ¥c4untsry help recebv&I 18 not iiclutsd in t fir2 8tatemenls but 1$ dribed in Fund a¢untIng Unrèstr1cl funds e4n b8 u6ed In )lane0 wlth I tharft8bb obJocafv8s 8t dEscrth of the trustees. Doslgnglod fund8 c4xnpth UAT8Strktsl fiYMIs tha hAv8 bgen sot a8kl8 by tho tru5teBB for partkuLgr pwpctss. Restr[Ctl funds can only bo used for partkular rgslrktsd purpcss wllhln tho obJocts of Ihg charfty. RestrIctl8 aTts•wh6nsp8cllled bythe donoroTwhen fijndsare ralwj ftypartlcular restrfcted purpos&. Fwthtr eXplatron of Iho purFW of ch fund Is Indudeo In tlx rth trj tho finan¢181 ststsm•nts D•btor• cTrdltor¥ r•¢•lv•bl• I p•y•bh wlthln on• y••rd Long l•rni loanj Debtorn 8fKI cradttrys no staled krter86tratsand Teoelvabte orpayable wlthln on8yearare recorded 01 trans1 Lw torm 108M are Innwty Mogsu1 at trgnsactlon prlco and Subquenty m8asur9d 81 amortlsed cost U8]n9 the •ffecdvo Inte8t mothThY. Hlrn purchas? and l•aslng ¢ommltm•n¢¥ Rentals patd undor 0lIng 18as8s ar• Largod to tho Slalomwtt of Financ&g1 A¢lfvillo8 on a slrnlght Ilne ba8ls over ts pwknd {* tho Iwo. P•nglon costs and otNir po8trf•Ovom¢nt b•n•fit• Th8 charlt8bla compony operates a defined L¥Ktrlbutk)n ponskn sMe. contrruOnS pay8tl8 to the charltablè ¢ompanYs ponsknn 8d)emo are charyaed to th• Ststament of Nnancl81 Athllles kn the pwknd to whkh ty rdat•. Pw16 conljnuod...
SOUL CHURCH LTD Mot•s to th• Consolldated Flnfrnclal Statem- ¢onllnu•d for thEt year onded 31 M•r¢h 2024 ACCOUNTING POUCIES . ¢ontlnu•d Golno c¢n¢m The flnanBial stslements bgon propargd on a golng c(xKom ba8[8 a8 lh• tru8to08 bdiave Ihat n.o matorial ur¥rtaintifj$ exlsl. Tho trustOe8 have cM$ldergd the W offvnd8 hgjd and thg oxpodod1ovo1 ' of In¢om¢ ar •xp8rtdilur fry 12 months frorn aut11$ thtsso financlal ¥tal•m¥n Thè budgotad in¢ome aThl expendlbJrn18 sullk4ent wlth tha Igwl 01 reBerv6s for th8 to be ablè to o)nthwe 86 going con¢8m. DONATIONS AND LEGACE3- GROUP 2024 Offertngs 8nd g¥ls Gfft ald 3,156,528 221,972 781 2A93.692 203,870 3 379 281 3 103.942 OTHER TRADING ACTivmES- GROUP 2023 Evo"nt Uck8t 80168 Soul Enterprtse Trddkng Lfrl 33294 29.857 OThER INCOME-GROUP 2024 2023 Galn on dl8posal of fl¥ed assets 1014 191 INCOME FROM CHARITABLE AcrivmES. GROUP 2024 21)23 P£lvlty Calé, bfy)k8 aNJ resour lAble Acthity Prtrschool chlldr Charitabkn ktmty SLmdry In Charttablè Ac41 712 526,628 112 404.991 CHARrrABLE AcfMIIES COSYS- GROIX> SuptKrt Costs (see ctyts {s•e no 7) note 8) Tot819 Charttablg Ac 1717.832 Pwe 17 CAonU0d...
SOUL CHURCH LTD forth• y•ar •nd•d 31 Mar¢h 2024 DIAEcr cosrs OF CHARITABLE ACTivmES- GROUP )24 2023 Trustees, romungrntK)n e staff costs Rent of pren Insuranco Ltghl and heat T¢lgphone Pastornl care costs Sunthos Global mLg8ion8 IAnl8ty purthè8es Ifoodl Travel and 3uttslsteneb IAnLsty contr4ctor8 35.472 45.068 717.261 30.203 17,835 43,745 9280 2.3S7 31297 141.822 57.165 37,943 57,805 13,126 27,764 21.056 13,113 17,731 22.277 4.670 7.$95 37.316 7.177 2,715 4.066 7.365 28,894 28.520 128.425 9,166 2.601 44.596 140.500 3S,824 81.559 86.374 8,987 13,on 37,635 9,292 13,860 18.943 8,337 19,735 38,802 8,736 10.e15 1.913 Hire of equlpment DMalion$, grfts and Ilty#e HMor81iums Pthllng. advethlng Cleanlng and hygleng costs W8t8r Malntsn8n Small oqulpm•nt Puffb#s and r•p8lr Trdnlno arKI ¢#¢vthpTrvJnl Hosung oxponses health and safety etc. SjpY teachor8 MaTragem8nt ovarhaads 1 618368 1381272 SVPPOftT COSTS. GROUP Totals CFJltdblg Athty 73,737 73.737 25,727 25,727 99,484 99,464 Swcrt ¢08ts, InL*xlwJ In Ihe abov8, are a8 folkMB". 2024 Tolal ActMtIgB 2023 Total athllles TnJsts8s' remunerth otc P08tsgo 8tsVonthy Lov8 In Adon D8preclolon olt8nglbl8 88¥ets Audknrs, rgmurwrnlk41 Audttor8' rgMUner8tl loralItwO1k Pmlossb)n81 foes Lo$8 on 8818 of tangtrA8 fixwl aets IntOfgSt payfjbl• and sknlqr dwrg95 17.736 S,310 22.535 5.734 {194) 41.646 5.090 550 1,554 50.691 550 1.312 2,824 14.091 13,838 90.753 P89? 18
SOUL CHURCH LTD Notsb lo Ih Con8olldat•d Flnanclal Statemo1its- contIn"d forth• y••rond•d 31 Maf¢h 2024 TRUSTEES. REMUNERATIOII AND BENEFrrs-GROUP Tha Artkjes ofknodalkjn afAMI lh• trust•&s to rBcolvo rvrnun8rathin fr(wn t chwfty. tk¥fng tho )tar ono trustse was an empknyeo of thè (ailty In capadty thèy rècèlvèd salBrt88 of £47.859 (2023: £80.8061 a1 ot £NIL (2023: £258)- truotoe8 rewved paymonlg for 8ctlr#J 8$ su¢h. Tru•t•M' •xpeno• Duthg tho yo8r. expetr pats ol£NIL <2023: £ NIL)kn pold k> tho Intsts88. 10. STAFF cosrs- GROUP 2024 2023 Wag85 and 8al¥lo8 Social $8curtty $ts Other penslon ¢J>Bts 780,221 59,596 713,*8 55,746 24 2023 EmiXoye88 11. TANGIBLE FIXED ASSFfs- CHARITY Freehold Motor vohkl6s fllllrvjs COST At 1 A[1 2023 Addilions DIspc681s 9,281.699 6.760.677 1101475 623.084 1.009.606 51.475 9.956.258 7.77D283 1250 841) At 31 IA8rth 2024 1.483.524 51475 16 475 9fy) DEPRECIATION At 1 A12023 Charge lor yyar EUnnated on dlspos 392.609 2.556 576.622 38.241 51,142 1,020.373 41.130 247 41 At 31 March 2024 295.463 467 324 NET BOOK VALUE At 31 Marth 2024 15.661,838 At 31 Mwch 2023 333 Indudod In fr88hofd &¥operty fand ¥abJed at £1.050.000 (2tr23- £1.050.0001 wNch Is not (knctatsd. P8p19 ndnued...
SOUL CHURCH LTD Not•• to lh• con11•t•d Fln•nGial St#lm•nt• - contlnu•d forltw y•ar•nd•d 31 Match 2024 11 FIXED ASSET ¥£STMENTS- CHARITY Share8 In group undertaklng MARKET VALUE At 31 Marth 2tr24 NEf BOOK VALUE At 31 Marth 2024 At 31 Msrth 2023 Thorn no hyeslmwrt a88ets oulspjg th• UIL Th• Investments althg balance sheet dats in the share P1181 of wmp8nies knrJJd8 the foftrJwing.' Soul Entarprl¥• Tradlng Ltd RogiBl$rgd offlca.. Soul Churth & Nurwy. 55 H6orfBo Lano. N¢)Ml¢h, NR7 9NT Nalure of bu$lng$8: Tr8dlno cl ol shor•'. (kdlngry hc4dkng 100 2024 2023 Aggregat8 L¥p and tgserv6s 9.732 9.359 Soul Entp Tr8dlThJ Limknl w85 1pOrat&d on 4 Decwthr 2017. Trndlng kn tho $ubsldl8ry ipany on l Aprl 2018. Soul Entsrprts& Tr8dlng Umtted 18 rwnlgad as a sub8ldèry lo Soul gxgrtir¥J ¢ontrol vla ownlng 01 tho old1n Bham aNJ ¥ollng rkjhts. SOJI Ente$& Tr8dlng Lirrknj IB exemptfrom the to tho audbt ofac¢ounts under 6ocllon 479A ofthe Compankn Act 2006. Swl Ent•rprl8e Trodlng Umttod 1$ Ind4Klod in th•Be n$¢Id lknarrtlal 8tst•wits. 11 DE8TORS: Amoupifs FALLING DUE IHITHIN ONE YEAR. CHARir 2024 2023 Tradg tleirt knounts owed ty oroup Other debto 403.782 52,372 419,290 36,228
SOUL CHURCH LTD Notss to th• Con8olld•t•d Fln•ncW Stat•m•n¢• . conth ftrth• y•ar •nd•d 31 I1h 2024 1& CREDITORS.. AMOUIITS FALUNG DUE WITHIN ONE YEAR- CIIARirY 2024 2023 .StowarflghSp loan Trade Soclal security and other thxes Other erediiors ALzruaL8 and defeff8d IncLMne 89,191 48.702 20.236 442,808 1.231.181 17,017 28.074 16.771 1293 043 15. CREDITORS: AMOUNTS FALLP4G DUE AFTER ONE YEAR. CHARITY 2024 2C123 st•w8rdshlp 2.437.669 Th¥ St•wardsW4p loan Includ aggr•g8t8 Smots 01 £2.029.079 (21Y23 - £NIL) which fall due after Ilve y8ars Bnd whkh Br• payAbJ8 by Inst81mants. Tha b)8n Is tyway ofj flxfjd cary •gaIr1 the larKI and prDperty at Heartsea88 Lane. MOVEMENT IN FUNDS- CHARITY Net Ai 1A.23 In fund8 31.3.24 Un•wtrl¢t•d funds General fvnd 5.729.690 1.052.244 6.781.934 R•strlct•d frd• RestrKled 4240,510 2,216.10S 6,458,815 TOTAL FUNDS 3 2TO 349 13 Ng1 Yorn0nt Fn fimds, Included kn thg ab(w8 are as folvws: In¢thYThrvJ R•80urc•s Iknrnenl In funds Transfer Unrn8trlct•d fu.nth Unrostriclad 3290.W5 11.723.931) <520,730) 1.OS2,244 R•strlctod fund RestrlGled 1.704.687 {7.3121 520,no 2,218.105 5001592 1.731243 3.270 349 P8gg 21 ntknuod...
SOUL CHURCH LTD Motej to thg Con8ollthted FInancI Stst6m•nts. ¢on0nd for thg y•ar ondod 31 Ilarch 2024 1& MOVEMENT IN FUNDS- CHARITY- ¢MtIM•d movemnl In funds Al 31.3.23 Al 1.4.22 Ilnr••trfcl•d lunds G8noral Thd 4J28.504 801.186 5.729,69.0 R•8trlct•d nd# 2.932.149 1.308.361 4240.510 TOTAL FU1408 7 860.653 2 109547 9.970200 Cofflp8r8lhg n8t rrw)vement In funds. In Ihe above a8 follrrws: IrKoth Re50urG98 Movament eypended funds unrnstr1ct fvnd• Unroslrided 2274.028 {1.472,840) 1.186 R•gtrlct•d funds 1.312.904 {4.> 1.308.361 TOTAL FUND8 109.547 A txrrenl yw 12 end 12 mortt4 comt4Md p)sNkJn Is as fdkyws: At 1.4.22 In fiJnd8 TranBtsrn At 31.3.24 Unr•8trt¢tsd G•nor81 tLmd 4.928.yA 2,374.160 (520.7301 8.781.934 Re•trlcl•d fuTrd• 1932.149 3.Iy)5.736 520.730 8.45.8.015 0 053 5 379 896 13 240 549 withln the r98trif bal8n(*, £6.441.425 rdatos k) IM n8w thLWCh.
SOUL CHURCH LTD NDt•• to th• ConBolklat•d Flnan¢l•l Stt•m•nts. wrtInd Iw tho ywrendod 31 IA•Y¢h 2024 16. IdQVEMEprr IN FUNDS- CHARITY- contlnu•d A current year 12 monts ar¥J fv year 12 c{xrÈl nel n(rOnt In lur¥Js, Inclu(Sed in the 8kov8 are a8 for. InL¥)mlng Rasw$ Re50U axpended Tronsfgrs Movement In funds urir••trl¢t ldI Unro8trictad 5.5TO.931 {3,186.T11) {520.730) 1,853,430 R••trl¢t•d fund• Rothctsd 3.017.591 111,855) 520.730 3.528.468 5 379 898 qy. EMPLOYEE BENEFIT OBLIGATIONS. GROUP. The ¢harity opet8198 a dofir•Y ntrIbUll)n plan fr* bts •rnpkny•es. The 8rnnt rwn&ed as on expow In the portL¥I was £18.33412023'. £15.150). Th dethed c1rfbuUon axpen8018 albc8ted to unroslrktsd knd8 and chwltalla tl6. RELATED PARTY DISCLOSURES Soul Foundati {chority numb&r 1150912)1s • rolatod party duo to hovkng trustees kn mMOn. At tha yO8r-8nd th&r8 w89 an outstandln9 ¢rethtor bar• of £13.12912Q3 debtor £9.321}. Tfte tr8n8adions durfng the rICAl conslst of exwse rechargeB arKI lo SO FOdkn. Sovl EnterprlBe Tr8<1ing Lttl {ornny numtw 11093104)18 a ced subsldlAry of S(wi Church Ltd. At tho Yearnd there was an outstsndkng debtoT baiance of £65.$01 12023 - £28.W7). Th9 trans8dons durtng the perfj c£fflsffjl1grggty of oxportsa r8tharp$ rnt8Ung lo the S(MJl Cafg. 19. ULTIMATE CONTROLUNG PARTY The tharltablg c4)mpany1s vJntroll8d by the tllt. o)nllnuod...
SOIIL CHURCH LTD Mots• to th• Con8olld•t•d Flnanclal St•tsm•Thts-¢oThtlnd fortho yrdd 31 March 2024 TANGIBLE FIXED AS8ETS- GROLIP FreelKTrMI Fixbjros operty & flthvJ$ PIKtor Plant & vrttklos machlnery COST At 1 April 2023 AddJUon8 DL8P)9al8 9.281,699 623,085 6.7eiJ,677 1.009MO6 (1.101,4751 {149.166) 51.475 28,007 9.984,266 58.698 7.828,979 (24.606) {1.275,2471 At 31 MaKa12024 62 097 16 637 997 DEPReciATION At 1 APTII 2023 576,622 Ch8rge lory 38241 Elimknaled on d19$ 147 539) 391809 51.142 12.742 9.561 1.033.115 50.691 At 31 MarL 2024 NET BOOK VALUE At 31 Mard12024 14 645 43J 1018 200 55 970 1S717 608 At 31 March 2023 16,265 8951.151 Indudod in fraohold prrp8rty ly freehdd knnd valuod al £1.OXI,000 (2023- £1.OSO.Tr)01 Is not depr8cl8tsd. 21. DEBTORS: AIIJOUNT8 FALLING DUE lYtrHIN ONE YEAR-GROUP 2024 2023 401 775 401 775 CREfMTOR8: Amouprrs FALUNG DUE wmiiN ONE YEAR- GROUP 2024 20rJ Slthvord8hW b Trad• ¢redMo Sthaal surfty and olhor laxeB 89,191 50,633 24,112 442.011 228,639 1,231.181 17.262 32,165 600 18,711 A£cDJals def•rr&J ¥Kome 1,297.979 CREDrroRS: AMOUMTS FALUNG DUE AFfER OME YEAR- ¢>IIO.UP 2024 2023 St8wardthlp108n 2.437,669 2.437,669 P40 24 rdjntInd...
SOUL CHURCH LTD Notes to the Consotidated Financial Statements - continued for the year en.dèd 31 March 2024 g3. CREOITORS.. AMOUNTS FALLING DUE AFTER ONE YEAR- GROUP- Continued The Stewardship loan indudes aggregate amounts of £2.029.07912023- £NILI which fall due after five years and which are payable by instalments. The loan is secured by way of a fixed charge against the land and propety at Heartsease Lane. 24. ANALYS(S OF NET ASSETS BETWEEN FUNOS - GROUP 2024 Totsl Funds 2023 Total Fund5 Unrestricted fund Restrted fvnd5 Fixed assets Nel current assets Non-currenl liabilities 9.276.182 (46.8491 2.437.669) 6,441,426 17.190 15.717,608 129.659} 2,437.669 8.951.151 1.028.409 6.791.664 6.458.616 13,250.280 9,979.560 Page 25