horlty regl$troHon number 1140411 (England and Wale%) Compony reglstrollon number 07274491 THE GREATER WORLD CHRISTIAN SPIRITUALIST ASSOCIATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
THE GREATER WORLD CHRISTIAN SPIRITUALIST ASSOCIATION LEGAL AND ADMINISTRATIVE INFORMATION Trvstee5 Reverend Megan Long Reverpnd Anog.In hAnrfhrJll Reverend Caroline Cowon Reverend Margaret 8elk)my Dawn Middleton (Appolnled l August 20241 S•cretary Rev C M E Cowan Charlfy number {Engltsnd ond Wales) 1140411 Company number 07274491 Reglslered ofllce 3-5 Conwoy Street London WIT6BJ Ind•p•ndent examln•r Perrys Audit Limiled 4th Floor 399-401 stiand London Uniled Klngdom WC2R OLT
THE GREATER WORLD CHRISTIAN SPIRITUALIST ASSOCIATION CONTENTS Page Trustees report Independenl examlner's report Statemont ol flnonciol octiviffies 8olon¢e sheel Notes lo the linanciol slalemenls 7- 16
THE GREATER WORLD CHRISTIAN SPIRITUALIST ASSOCIATION TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 The Trusloes present thgir onnLinl rAnnrt and linoncial slotemenls lor Ihe yeai ended 31 December 2024. The linoncial 51otemenls hove been prepared in occordqncè wilh th6 occounling policies 161 oul in nole I to the linonciol slatgments and comply wlth the chaty,$ governing document, the Componio5 Act 2006 and Accounting ond Reporting by Chorilies.. 51otemenl ol Recommended Procti¢e applicoble lo chor51ie5 preparing Ihelr accounts in accordance with the Finoncial Reporting Stondord opplicoble in the UK or)d Republic ol Ireland IFRS 1021 18lleclive l Jonvory 20191. Oblecllves ond actlvllles Ml551on slatemonl To spread in oll directions Ihe Irulh ol SUTvivoI aller death. ol spiril communion. ol healing by the power ol Holy Spirit ond lo disseminate Ihe leachings received from highly evolved spirit messengers. Charltoble acllvltles The owned churches of Ine Greaier Woilcj weifj ilused dvriiig Ihe COVID pandcmie. Tho Affiliotod Churches were also closed. No training or seryice5 could toke place. In 2022 il wol po55ible to hold service5 ond carTy on wilh th8 training. Congregqlions were less in numbor bul Ihe support of our workers, who 1011Sed round lo the needs ol the congregation wos a5 sliong as evei. Mony ol the Affilioted Chuiches were closed permonenlly dve lo Ihg Circumstances ol the lime. In 2024 many ol the churches that did not close. remoin open. Publ1¢ benellt The trustees confirm that they have reletred to the guidance contained in the Charity Commlssion'5 general guidonce on public benefit when reviewing the Association's aim5 ond objeclives and in planning lulure activities. Achlevemenls ond performgnce Investment pollcy and oblectlves Meilin A950ClOtes are mondaled by the Trustees lo monoge Ihe investment porllolio and the slruclure ol Ihe portlolio 15 os recommended by them in order to minim15e risk t(} Ihe volue ol the portfolio. Rèseryes pollcy The currenl level ol re5etves ha5 been built vp over Ihe years moinly Iiom legacies received from benelaclor5 and copilol gain5 Ifom the sole of propertles in Holland Park. Ihe Investmenis helQ are u5etJ solely lor income generalion ond lor corrying ovl the Mission Slotemenl by the churches ond ol heodquoilers. The properties in Cholham. Leeds and Middlesbrough are used 05 churcho5. The Greoter World does not oc¢umulale reserves Ithese hove lollen considerobly in the recent pasl ond indeed hos now stabili5ed 115 expenditure lo molch more closely 115 ongoing commitments lo support Ihe dbrectly manoged churches arKI 13 other churches in Greal Brilainl.
THE GREATER WORLD CHRISTIAN SPIRITUALIST ASSOCIATION TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Flnanclol revlew Rèsvlts and revl•w of Nnat)clal p05111on The investment business ol Th8 Giealer Worw is monaged by Merlin Associales. The morkel volue ol the beginning ol January 2024 wos £3.351.227 and ot the 31 December 2024 the market value wos £3,369,055 showing u overoll in¢reose ol £17.828. This represents withdrawals ol £190,000, portfolio monogemenl chaiges £23,327 ond voluolion changes £231.155. The income ol the charity increased lo £237.732 from £26.020 In 2023. Thls Is due lo Ihls years income including significont legacy income. The chorily Continues lo receive income Irom donations ond its cha10b18 octivilies. The legacy income of £218.725 which wos mode ovtsiloble to The Greoler World in 2024 will be used lor charitable purposes. especlally The Greoler World. There ore no other reslriclions alloched lo the legacy income. Expendilure increased from £231,976 in 2023 to £253,450 in 2024. Structure. governan¢e and managèment The chorily is controlled by 115 governing document. a deed ol Irusl. ond conslilules a limited compony, limiled by gucsrontee. os delSned by the Companies Act 2006. The charity is govemed by a Trust Deed os rev55ed in 1997. wllh further amendments in 2007 and registered wth the Chotity Cotnmi55ion under chorily number 1140411. The chorily was incorporated on 4th June 2010. The Ttustees. who are also the director5 lor the purpose ol company law. and who setved during the year and up lo Ihe dale ol signaluie ol the linonciol slolemenls were.. Reverend Megan Long Reverend Angela Marshall Reverend Caroline Cowan Reverend Margaret Bellamy Dawn Middleton IAppoinled l August 2(Y241 Cfultmenl and a nl People are recommended to Ihe Board ol Tiuslees or they mighl volunteer,. lellers are then sent lo them whiuh r¢quire5 tliem to v4ritre to the Doord describin9 Iheir voriov$ quolificotions knvhich will be of Yalue to The GTealer World and Iheir dedicolion and loyolly to the work ol the As50cialion. These ore examined by tho 8oord ond those who ore lovnd to be solislo¢lory ore requested lo allend lor inleNiew. Aller which, those who ale found occeplable wll be given a leller ol appointment, they sign a conlidenliolily document ond receive o copy ol the Trust Deed. The term ol appointment 15101 three ygors from lh$ dote ol the Annuol Meeting when they QTe appointed. Frien shi Due lo a change in the Trust Deed we no longer hove 'members' bul 'lriends' The Greoter Worfd has opproximotgly 129 friends and 13 Allilialed churches. In addition il hos 3 owned chui¢hes In Leeds. Chotham ond Middlesbrough.
THE GREATER WORLD CHRISTIAN SPIRITUALIST ASSOCIATION TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 The Iruslees report was approved by the Boord ol Trustees. Reverend Coroline Cowon Tiuslee 21 Augugfr 2025
THE GREATER WORLD CHRISTIAN SPIRITUALIST ASSOCIATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE GREATER WORLD CHRISTIAN SPIRITUALIST ASSOCIATION I roport tD the Trusle@s on my exnminntinn nf th?. financial 5talemenls ol The Greoter World Chrislion Spirituoligl Associolion Ilhe Chorilyl lor the year endod 31 Decembei 2024. Respon51blllllès ond ba¥15 01 rèport As Ihe Tru51ees ol the Charity land also its dectOrS lor Ihe purposes of company lowl, you ore responsible lor the preporotion ol Ihe financS0l slalemenls in occordonce with the requirernenls ol the Companies Act 2006. (the 2006 Acti. Hoving sotislied myself that the financial 5totemenls ol the Chorify ore not required to be oudiled under Parl 16 01 the 2006 Act ond are eligible lor independent examinalion, I repoil in respect ol my exominolion ol the Chority's linanciol statements caffled out under section 145 01 the Charitie5 Act 2011 Ilhe 2011 Act). In carrying out my exominulion I have followed all the opplicable Directions given by Ihe Chority Cornmi5sion under section 145151 Ibl ol the 2011 Acl. Independènt examlner's slalemenl I have completed my examinolion. I have identified a maller ol concern in my report because I have concems thol accounting record5 were not available to supporl the full cost ol freehold property recorded on the balonee sheet lololling £1.177,128 as ol 31 December 2024. Con5equenlly, I wos unable lo verily the cost ol Ihfj freehold properties which are molerial to the finonciol slolemenls. I confirm that no other motl818 hove come to my ollenlion in connection wlh the exominalion giving me cause lo believe Ihol In ony moleriul respect: occounling recordg were not kept in respect of the Charity 05 iequired by sectlon 386 01 the Componies Acl 2006. the linanciol stalemen15 do not accord with those record5-, or Ihe linoncial slotemenls do nol Comply with the occounling requirements ol seclion 396 01 Ihe Companie5 Acl 2(M)6 other than ony requirement thot the finonciol 5tatcmen15 give o Irve and lalr view. which 15 not o moller con5idtsred os port ol on independent exominalion,. or the linonciol 51alements hove not been prepared in occordonce with the methods and principles of the Stolemenl ol Recommended Pro¢lice lor accounting ond repoiling by chorilies applicoble lo cholieS preporing their linonciol stolemenls in accordance wilh the Financial Reporting Standard opp1icoble in tha UK and Republic ol Irelund IFR5 1021. I confirm Ihal there are no other mallerg in connection with the examination lo which allenlion gnould be drown in this report in order lo enoble u proper undet51andlng ol the ftnonclal slalements to be reached. 5colt Jiggins FCCA Perrys Avdil Limited 4fh Floor 399-401 strond London WC2R OLT United Kingdom 2 SeplÈmbÈr 2025 Dated: .........,..........
THE GREATER WORLD CHRISTIAN SPIRITUALIST ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unles1¢{0d lund$ 2024 Unre$lfl¢t•d fvnds 2023 Notes In¢ome and endowment$ trom.. Donations and legocies Charitable aclivilies Inveslmenls Olher income 230,035 5.482 1.923 292 15.914 7,015 2.918 173 Tolol InGome ?37.7.39 ?A.n20 Expendlluie on.. Roislng funds Choritoble aclivilios Olher expenditure 31,503 221,583 364 33,522 198,454 Total expendllure 253.450 231.976 Net goins on inveslmenls 12 231.155 210,047 Net Ineome and movèmenl In funds 215,437 4,091 Reconclllallon ol funds: Fund balances al l Janvory 2024 4.496.040 4.491.949 Fund balances al 31 D•cember 2024 4.711,477 4.496.040 The statement ol linanciol activities includes all goins and losses recognisect in th6 year. All income ond expendlture derive from continuing aclivilie5.
THE GREATER WORLD CHRISTIAN SPIRITUALIST ASSOCIATION BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Noles Ilxed a55e15 Tangible assets Inveslmenls 14 15 1.179.588 3,369,055 1.104.994 3,351.227 4.548.643 4.456,221 Current ossel$ Stocks Debtors Cqsh ol bonk and in hand 16 17 9,162 22,183 142,D23 22,160 29,309 173.368 61.640 CredltOTS: amovnts lalllng due wllhln orse yeai 110.5341 121.8211 et ¢vNenl as$*ls 162,834 39,819 Tolol asse15 les5 cutrenl Ilobllllle$ 4,711.477 4.496.040 Th• lunds ol the Charlty Unreslricled funds 4,711,477 4,496,040 4,711,477 4,496,040 The company is enlilled lo the exemption from the audit requirgm¢nt conloined In sB¢tlon 477 01 the Companies Acl 2(K)6, lor the year ended 31 Dec8mber 2024. The dlreclors acknowledge their respon5ibilllles loi complwng vAth the r9qulrement5 01 the Componies Act 2C(J6 with respect to accounting records and the preporolion ol linonc¢al slalemenls. The members hove not required the company to oblain on audit ol ils finonciol slotemenls lor the year in question in accordance with seclion 476. These financial slalemenls hove been prepared In accordance wllh the provSsions appllcoble to companies subject lo the small componies regime. The fynonciol 5totements were approved by the Tru51ee5 on 21 August 2025 Reverend Caroline Cowon Trustee Company reg15tralion number 07274491 (Englond and Wales)
THE GREATER WORLD CHRISTIAN SPIRITUALIST ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounllng pollcle5 Charlly Infoimamon The Gretsler World Christian Spiriluolist Association is o private company limiled by guoronlee ncorporoled in England ond Wales. The registered ollice is 3-5 Conway Street. London, WIT 6BJ. .1 Accounllng convenllon The linoncial 5talemenls hove been wepare¢J in accor(Jonce wjth the Lhonty's governing document. the Componles Act 2006. FRS 102'The Finonclol Reportlng Standard opplicoble in the UK and Republic ol Iielond" and the Chorilies SORP"A¢counting ond Reporting by Charities.. Slolement ol Recommended Praclice applicable to choritles preparing their accounts in accordance Mith the Finonciol Reporting Slondord opplicoble in the UK ond Republic ol Ireland IFRS 1021" The Chorfy is o Public Benefit Enlily as defined by FR5 102. The Charity hts5 1oken advantage ol the provisitsn5 In tne lor chariiies r1 lo prepc7re a statement of cash fiows. Th¢ linoncial slalemenls ore prepared in sterling. which is the fvnctionol ¢vrrency of the Charity. Monetary amounls In th¢se financial statement5 are rounded lo the neorest £1. The linonclal slalemenls hove been prepared under Ihe hisloricol cost convention, with the exception ol investments which are included ol moikel volve. The principal accounting policies odopted are set out below. 1.2 Golng concern Al the lime ol approv9 Ihe financial slalemen15, the Trusleeg have o reosonable expeclalion that the Chority hos adequole resources to continue in operational existence lor the loreseeuble lulure. Thu5 Ihe Tfuslees continue lo adopt Ihc going concern bosis ol accounting in preparing the financial 5talement5. 1.3 Charltable Ivnd$ Unreslricled funds are avoiloble lor use al the discretion of the Trustees in Ivrtheronce ol their charitable objectives. Restricted fund5 ore 5ublect lo specific condition5 by donors or grantors as to how they moy be used. The purpose5 and vses ol the reslricled funds or8 sel out in the notes lo the financial slolemenls. Endowment funds are Subject lo specillc condllions by donor5 that the copital must be moinlalned by thè Chority. .4 Income Income is recognised when the Charity is16golly 6nliHed lo il aller any performance conditions have been mol. Ihe amounts can be meosvred relitsbly. ond il is probable that income will be ieceived. Cash donation5 are recognised on receipt. Other donatlons are recognlsed once the Charity hos been nolilied ol the donolion, unless perlormoncg conditions require delewal ol the amovnt. Income tax recoverable in relation to donations received under Glll Ald or deeds ol covenant is recognised al the time ol the donolion.
THE GREATER WORLD CHRISTIAN SPIRITUALIST ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2024 Accovnllng pollcles (Conllnued) Legacies are recogni5ed on receipt or olheDNise 11 Ihe Charity has been nolilied ol an impending dislribulion, the amovnl is known. and receipt is expected.11 the amounl 15 not known. the legacy is treated (T5 o contlngent 09get. 1.5 Expendllvre EKy¥lilIUie is reio&inised oni¢ Iheie 15 o 1eyal or con5tructiYe obligation to tron5fer economic benefit lo a third porty, il is proboble that o tronsler ol economic benefits will be required in selllemenl. ond the omovnt ol the obligolion con be measured reliably. Expendilure is clossilied by aclivily. The costs ol each activity are mude up ol the lolal ol direct costs ond shared costs. including Support costs involved in undertoking eoch oclivity. Direct costs ollribuloble lo a single aclivily ore ollocoled direclly lo Ihol octivity. shored costs which conlribule to nioro thoii one octivity and support G0515 which ore nol ottribvtoble to a single octivity ore apportioned between those oclivilies on a basis consislenl with the use ol resouice5. Central 51011 costs ore allocated on the bosi5 01 time spent, ond d8preciolion chaige5 ore ollocoled on the portion ol the asset's use. 1.6 Tanglble Ilxed ossèl$ Tangible fixed assets ore iniliolly measured al cost and subsequently meo5vred al cost or valvolion, nel ol depieciotion ond ony impaiment losses. Depreciation is recognised so as lo write oll Ihg cosl or volvolion ol assets less their residual values over their useful lives on the lollowlng boses.. Freehold property Freehold property is recognised under Ihe cost model. The fesiducsl value ol the property is greater than the book value recorded on Ihe balance sheet, and therefore no deprecialion has been charged on freehold property. 2Slo on reducing balance 15% on reducing bolance 25% on c051 Plant ond equipment Fixtures and Illling5 computer5 The gain or1055 arising on Ihe disposal ol on ossel is determined as the difference between the 501e proceeds and the carrying volue ol the asset. and is recognised in the slalemenl ol linanciol activilies. .7 Flxed asset Investments Fixed as5el investmen15 ole iniliolly measwed al transoclion price excluding Iransoclion costs. and are subsequenlly me05ured ol loir volue ol eoch reporting dale. Changes in lair value are recognisod in nel incomellexpendilurel for the year. Transaction costs are expensed a5 incurred. 1.8 Impalrment ol Ilxed tsss•ls At eoch reporting end dale, the Charity review5 the carrying omounls ol ils longible asgels lo determine whether there is any indication that those asset5 have sullered on Impoirmenl loss. If ony such indicotion exists. the recoverable amount ol the asset is eslimaled in old81 to deteimine the extent ol the impairment loss lif onyl.
THE GREATER WORLD CHRISTIAN SPIRITUALIST ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounllng pollcles {Conllnvèd) .9 Stocks Stocks ore stated al the lower of ¢0st and estimated selling price les5 Costs to complete and sell. Cost comprises direct moteriols and, where applicable. direct labour costs ond Ihose overheads that have been incurred In bringing Ihe stocks to their presenl localion and condition. Item5 held lor distribution al no or nominol consideralion ore meosured the lower ol replacement cosl and cost. Nel realisoble value is the eslimoled selling price less oll eslimaled costs ol complellon and coslg to be incurred in marketing. selling and dislribulS0n. 1.10 Cash and cash equlvalenls Cash and cash equivalenls include cash in hand, deposits held at coll with bank5, olher short-lerm liquid inv6slm8nt5 with original malurilie5 01 three months or less. ond bonk overdralls. Bank overarofis ore snown witnin L)orrowings in current lt)ll111eS. 1.1 l Flnonclal Inslruments The Charity has elected lo apply the provisions ol Section I I 'Basic Financial Inslrumernls, ond Section 12 '01her Financial Instruments Issues, ol FRS 102 10 Oll ol ils linanclol InstmentS. Finonelal insliuments ore recogni5ed in the Charity'5 balance Sheet when the Chority be¢ome5 party to the conlraclual provisions ol the inslrumenl. Finoncial ossels ond liobililies ore ollsel. wilh the nel omount5 presenled in the finonciol slalemtsnts, when there is a legally enforceable righl lo set oll the recognised omounls and there is an inlentlon 10 5ellle on a nel basis or to recYli5e the a55et and sellle Ihe liability simultanoously. Boslc Ilnonciol ossets Bosic linonciol ossels, which inclvde debtors ond c05h ond bank balances. are inilially Meosured ot tran90clion price including Ironsoclion costs and are sub59quenlly carried at omorlised cost uglng the elleclive inleresl method unless the arrongemenl constitvles a financing Iransaclion. where Ihe transaction is measured al the present value ol the lulure recelpls discounted al a market rale ol nleresl. Financial assets classified as receivable wlhin one yeor ore nol omortis8d. Baslc Ilhanclal Ilabllllleth Basic financial liobililie5, including creditors and bank loons are iniliolly recognised al Iran5aclion price unle55 Ihe arrongernent con51ilutes a financing tran5aclion. where the debt instrument is meo5ured ot the present volue ol the lutvre poymenls di5counled al o market rote ol interest. Finoncial liobllSlle5 cla5551ied a5 payable wilhln one yeor are not amortised. Debt instruments are subsequently carried ol amorllsed cost. using the elleclive interest rale nif5thod. Trade creditor% ore obligations lo poy lor goods or servi¢os thot hove been acquired in the ordinory course ol operalions from guppliers. Amounls pcjyoble ore clossilied os Quent liqbililies il poymenl ig due within one year or le55. 11 nol, they are presented as non-current liobilities. Tiode creditors are recognised initially at Iransaclion price and svbsequenlly measured al omortised c051 using the elleclive interest melhod. Derècognlllon ollinonciul liobllllies Financial liabilities are derecognised when the Chorify's conlrocluol obligations expire or ore di5chaiged or cancelled.
THE GREATER WORLD CHRISTIAN SPIRITUALIST ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 A¢¢ovnllng poll¢les {Conllnued) 1.12 Employ0• beneNIs The cost ol any unused holiday enlitlemenl Ig re¢ogni5ed in the perfod in which the employeo's seryices ore received. Terminolion benefits are recognised immediately os on expense when th& Chorily demonslrably .nmmittpd tn tp.rmlnntp. thp. pmrslnymftnt nf g.mp1nye.p. or to ryovidp terrnlnotlon benefits. 1.13 Rellremenl benellls Payments lo defined contribution retirement benefil schemes 0 charged as an expense as they foll due. Incorne Irom donallon5 and legacle5 Unreslilcled Ivnds 2024 Unr•slrfct•d Ivnds 2023 Donalions and gifts Legocies 11.313 218,722 15.914 230,035 15,914 Income from charlluble ocllvllles lJnrosM¢led Ivnds 2024 Vnrestrlcted funds 2023 Olhertradlng aellvlllès Courses Sale ol goods Friendship and Alliliollon Fees Other income 100 3.235 3.350 330 2,485 2,883 5.482 7,015 10-
THE GREATER WORLD CHRISTIAN SPIRITUALIST ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Income from Inveslmenl$ Unre5trlcted Unresklcted lund$ funds 2024 2023 Iiilere5t reLelvable I,V2J 2.918 Olher Income Unreslrlcl•d Unieslrlcted fund 2024 2023 Other income 292 173 Expendllur• on rtslslng funds Unreslrlcled Llnièslrlcled funds lund5 2024 2023 Fvndro151ft9 and publlclly Advert15ing 8,176 8,331 Ir)veslmenl monogem8nt 23,327 25.191 Total costs 31.503 33,522
THE GREATER WORLD CHRISTIAN SPIRITUALIST ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Expendllvr• on charllable acllvllles Unre5fr1cled Unrestrlcted Ivnds funds 2024 2023 Dlrècl costs Stall costs Depre¢iolion and impoirmenl Printing, po5toge and slalionery Traveling Subscriptions Walei ond roles Insuronce Light and heot Telephone Equlpmenl renlal Sundries Repairs and moinloinence Bank chorg8S 64.3Y2 073 4,516 6J.2UJ 459 3.050 3,604 124 11,409 4,070 15.983 3,545 1.049 7,967 28.301 16,832 3,071 8.923 1.74U 22.669 169 813 45.375 166 160.302 160.253 Share ol $upport and govemgnce costs (see note 81 Support 61.281 38,201 221.583 198,454 Analysls by fund Unrestricted funds 221,583 198,454 Support costs tsllocaled lo ac15vllles Unreslrlcted lund5 2024 Tolal 2023 Governonce 61.281 38,201 12-
THE GREATER WORLD CHRISTIAN SPIRITUALIST ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Support ¢¢sts ollocaled lo u¢llvllles {Conllnved) 2024 2023 Governance costs compil$e'. Legol and professional Accountoncy Independent examinatlon 57.057 2,334 1,890 34,181 2,220 I,wu 61,281 38.201 Tiuslaos There were no Iruslee5' remunerolion or other bgn81ils lor Ihe year ended 31 December 2024 nor lor the yeoi ended 31 December 2023. No Irustee in the year recelved reimbursed cosls12023-. £3,604) 10 Employ••s The overage monthly number ol employees during the year wos.. 2024 Nvmber 2023 Number Employmenl eosls 2024 2023 Woges and salaries Other pen%on costs 63,432 960 62,243 960 64,392 63.203 There were no employees whtssg onnuol remuneralion wos more Ihon £60,CX)O. i i other •xpendSlure Vnr•strlcled Unre51rf¢ted Ivnds Ivnd5 2024 2023 Net lo on disP05010l langiUe fixed assets 364 13-
THE GREATER WORLD CHRISTIAN SPIRITUALIST ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 12 Galns ond195$es on Investmenls UnrÉ¥slrlcled Unreslrlcled Ivnds fund$ 2024 2023 Golns111055esl arising on.. Revaluolon of Invesiments Sale ol inveslmenls 137,4931 268,648 180.786 29.261 231.155 210,047 13 Taxtsll•n The charity is exempl from laxalion on its oclivlties because all ils income is applied lor choritoble pvrposes. 14 Tanglble Ilxed a$$els eehold pvoperly Plgnt ond Flxhjies ond eoulpmenl Compulers Total Cosl Al l Januory 2024 Addition5 Disposols 1.102,932 74,196 1.232 1.436 13211 111,4841 20,377 7.257 1,131,798 75,632 14.0281 115,8331 Al 310ecember 2024 1,177.128 2.347 8,893 3.229 1,191,597 Depreclollon and Impalrmenl At l Januory 2024 Depreciation charged In Ihe year Eliminotred in respect of dispo. 1.189 370 18.359 303 7.257 26,805 673 lTra.4091 14,0201 At 31 December 2024 1,240 7,540 3,229 12,009 Cairylng amovnl At 31 Decembei 2U24 1.177.128 1,107 1.353 1.179.588 At 31 December 2023 1.102.932 44 2,018 ,104,994 The trustee5 conslder the residval value ol the freehold property lo be greoler than the book volue recorded on the bolonce sheet. The Charity hos hod oxlernal third party volvotion5 undertaken by o firm ol Chortered Surveyors during 2023. The lolol lair volue of the properties valued wos £3.491,fX)Q.
THE GREATER WORLD CHRISTIAN SPIRITUALIST ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 IS Flxed assel Inveslm•nts Usled Inv•slm&nls Cosl or valuallon At l Jonuory 2024 Voluollon changes Porllolio lees Disp05a15 3,351,227 231,155 123.3271 1190.(ml Al 31 December 2024 3,369,055 Curryln9 omovnl At 31 December 2024 3,369,055 Al 31 December2023 3.351.227 16 Slocks 2024 2023 Finished goods ond goods foi re5ole 9.162 17 Debtors 2024 2023 Amounts lalllng dve wllhln one year.. Trade debtors Other debtors Prepoymenls and occrved income 463 5.026 16,671 5,267 16,912 22.183 22.160 IB Credltors.. umounts falllng due wlthln one year 2024 2023 Other laxolion and sociol securily Trade credltors Accruals ond delerred income 678 5,632 4.224 659 17,142 4,020 10.534 21,821 15-
THE GREATER WORLD CHRISTIAN SPIRITUALIST ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 19 Rèlliemenl b•nelll schemes 2024 2023 Dellned contrlbullon schemes Charge lo profil or1055 in respecl of defined conlributitsn scheme5 960 960 The Chahty operates o detined contribulion penglon scheme for all qualilylng employee5. The 055et5 ol the scheme ore held seporolely from those ol the Chorily in an independenlw odminislered Ivnd. 20 Unreslrfcled lund5 The unreslricled funds ol Ihe chorily ¢ompriso tho unoxpended balances ol donolion5 and gran15 which are not 4ubjecF Io specillc conditions by d¢Jnors OT)d grantors as lo how they may be ugad. These include designated funds which have been sel aside out ol unre51ricled funds by the Iruslees lor specific purposes. Al l Jonuory 2024 In¢omlng resources R•soui¢es èxpèndèd Golns ond losses At31 December 2024 Generol funds 4,496.040 237,732 1253,4501 231.155 4.711.477 Prevlou5 year.. Al l January 2023 Incomlng resources Resources expended Gqln5 and losses A131 December 2023 General fund5 4,491,949 26.020 1231.9761 210.047 4.496.040 21 Copllal commllmonts 2024 2023 Amounts controcled for but nol provided in Ihe linonciol slotemonls: 2024 2023 Acqulsltlan ol piopeity. Jon1 equlptrieiil 150,297 22 Related party Iransacllons There were no disclos0e reloled party Iron5aclions during the year12023- nonel.