Charity Registration No. 01145815 Company Registration No. 07736396 (England and Wales) YARDLEY WOOD BAPTIST CHARITABLE COMPANY ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
YARDLEY WOOD BAPTIST CHARITABLE COMPANY LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr P Baldwin Mrs H Pool Mr A Murray Mrmord Mrs A Shirley {resigned 04107124) Mr N Wallace Charity number 01145815 Company number 07736396 Registered office Yardley Wood Baptist Church Yardley Wood Road Birmingham B14 4LS Independent examiner Mr David Chittenden 18 Cunningham Road Pelerborough PE2 9RG
YARDLEY WOOD BAPTIST CHARITABLE COMPANY TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2024 The trustees who are also directors of the charity for the purposes of company law, present their report with financial statements of the charity for the year ended 31 August 2024. The accounls have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the company's governing deeds, the Charilies Act 2011 and "Accounting and Reporting by Charities. Statement of Recommended Practice applicable to charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 2019)" Objectives and actlvltles The objects set out in the Memorandum of Association are,. to advance education by such means as the trustees may consider appropriate, primarily in Birmingham but also in such other parts of the United Kingdom or the world as the directors may from time to time think fit to relieve persons who are in Conditions of need or hardship or who are aged or sick and to relieve the distress caused, primarily in Birmingham but also in such other parts of the United Kingdom or the world as the directors of the charity may from time to time think fil to relieve unemployment by means of providing training for employment for those in financial and economic need in Birmingham and in such other parts of the world as the trustees may from time to time think fit to advance the christian faith in accordance with the declaration of principle appearing in the second schedule, in Birmingham and in such other parts of the United Kingdom or the world as the directors may from time to time think fit the relief of poverty (in Birmingham, and in such other parts of the United Kingdom or the world as the directors may from time to time think fit) for persons who are in conditions of need, hardship or distress by reason of their social and or economic circumstances by providing and promoting the provisions of advice and other services as the directors of the charity may from time to time think fit to promote and fulfil such other charitable purposes beneficial to the community in Birmingham and in such other parts of the United Kingdom or the world as the directors may from time to time think fit Yardley Wood Baptist Charitable Company was established by Yardley Wood Baptist Church initially to operate and manage the activities of an education centre designed to provide alternative provision education to young people who were excluded or are at risk of exclusion from mainstream education. At the end of August 2019, the education centre was closed, and Yardley Wood Baptist Church opened a local Food Pantry. This is a social franchise arrangement with Your Local Pantry I Church Action on Poverty, and it's aim is to provide basic food and provision lo people in need in the local community using the model of a shop selling donated and surplus food at a much reduced price. The Food Pantry shop opened in October 2019 and is run by volunteers from the church and local community, with help from staff at the church and operates out the premises of Yardley Wood Baptist Church. Achievements and performance The Pantry membership is now 139. with a reach to 388 household members, including 153 children. Up to the end of May in 2025 the Pantry has so far provided our members with 1,403 shops. with a reach to just under 4,000 household members, including 1,571 Children. We have a part-time Pantry Manager in place and who has brought improvements and efficiencies, particularly in the area of stock sourcing and organising, shopper experience and volunteer recruitment and training. Our members pay £5 for a shop, with the opportunity to shop once a week. The value of the average shop often exceeds £35 and rarely dips below £25. We also provide a community hub for the local community through our Place of Welcome. including English courses, craft activities, good quality second- hand clothes and book and DVD swaps. Many of the volunteers come from the Pantry membership and three have gone on to paid employment.
Financial review Income for the year amounted lo £47,774 {2023 £49,434) and expenditure £55,699 12023 £31,471 } This resulted in a deficit of {£7,926) (2023 surplus of £17,963) and a decrease in funds for the year to £37,892 (2023 £45,818) Reserves Pollcy Reserves are required to.. smooth out surpluses and deficits year on year; replace capital expenditure or restructure the organisation., deal with the effects of any risks that materialise e.g. significant losses of income and delays in payments,. allow the organisation to take on opportunities that may arise in a timely manner,. deal with the unexpected. It is the policy of the charity that unrestricted funds which have not been designated for a spe¢ifi¢ use should be maintained al a level equivalent to between three and nine month's expenditure. This is c£16k - £49k based on the 24125 budget. The trustees consider that reserves at this level will ensure that, in the event of a signifi¢anl drop in funding, they will be able to continue the charitable company's Current activities while consideration is given to ways in which additional funds could be raised. This level of reserves has been maintained throughout the year. Structure, governance and management The charitable company is a Company limited by guarantee. The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were.. Mr P Baldwin Mrs H Pool Mr A Murray Mrmord Mrs A Shirley (resigned 04107124) Mr N Wallace New Injsteesare appointed by the current trUst5]n r&cognition oftheir contribution and value tothe charitable company. None of the trustees has any beneficial interest in the company. All of the trustees aremembers of the company and guarantee to Contribute £1 in the event of a winding up. The trusteesare conversant with the practical work ofthe charitable company and are encouraged to familiarise themselves with the charitable company's memorandum and articles, and the various Charity Commission publications signposted through the commission's guide "The Essential Trustee" The trustees share major decisions thal are noted in the board minutes. They take joint responsibility of decision making and for the implementation of such decisions. The trusts have assessed the major risks to which the charitable company is exposed. and aresatisfied that systems are in place to mitigate exposure to the major risks. The tnJsts' report was approved by the Board of TrLbStees. Mr N Wallace Trustee Dated. 28th May 2025
YARDLEY WOOD BAPTIST CHARITABLE COMPANY INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF DIRECTORS OF YARDLEY WOOD BAPTIST CHARITABLE COMPANY I report on the financial stalements of the charitable o)mpany for the year ended 31 August 2024. Respectlve responsibllltles of board of dlroctora and examlner The trustees. who ar6 also the directOF5 Ot Yardley Wood Baptist Charitable Company tor the purposes of company law. are responsible for the preparation of the f nanaal stalemenls. The board of directors consider Ihat an audit is not required for thi5 year under section 144{2) of the Charrties Act 2011 (the 2011 Act} and that an independent examinaticn is needed. Having satisfied myself that the charily is not subject to audit under company law and is eligible for independent examination. it is my responsibility to.. (il examine the financial statements under section 145 of the 2011 Aci., (ill to follow the procedures laid down in the general Directions given by the Charity Commission under 5eGtion 14515){bl of the 2011 Act, and (iii) to stale whether partictlar matters have come to my attention. Basis of Indop•ndont èxamlne8 report y examinatlDn was (2rried out in accord8nc* with the general DIrelOnS given .by the Charily Commis8ion. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disdosures in the financial statements. and seeking explanations from you as trustees concerning any such mattefs. The procedures undertaken do not provide all the eviden that would be required in an audit and consequently no opinion is gwen as to whether the finanal slalements prèsent a 'true and fair vith¢ and the report is limrted to those matters set oul in the next statemenl. Independent •xamlnerf$ 8tslement In Connection wrth my examination, no matter has come to my attenlion.. al which gives me re3s0nable cause lo believe that in any material respect the requIrnents. li) to keep a¢¢ounting records in acccjrdance wlh section 386 of the Companies Act 2006", and (ill to prepare accounts which acrd with the accounting records, comply with the accounting requirements of Sedion 396 of the Companies Act 2006 and with the methods and princ4ples of the Statement of Recommended Practice." Accounting and Reporting by Charities, have not been met., or., bl to vthich, in my opinion. attention should be drawn in ordèr to enablè a proper understanding of the finanaal statements to be reached. David Chittenden 18 Cunningham Road Pelert)orough PE2 9RG
Yardley Wood Baptlst Charitable Company Statement of Finan¢ial Actlvities, Balance Sheet and Notes Year Ended 31st August 2024 Total Funds 2024 Total Funds 2023 Note R8stricted Unrestricted Income and Endowmonts from: Donations and legacies Charrtable activities 28,587 19,187 28,587 19,187 33,654 15,780 47,774 47,774 49,434 Expendlture on: Charrtable activities 55.699 55,699 31,471 Total expenditure 55.699 55,699 31,471 Net income {7,926) (7.9261 17,963 Rgconclllation of Funds Total Funds brought forward 45,818 45,818 27,855 Total Funds carrled forward 37,892 37,892 45,818 Balance Sheet as at 31st August 2024 Fixed Assets Tangible assets 3,651 5,872 Current Assets Debtors Cash at bank and in hand 213 37,879 38.092 2,346 46,814 Current Llabllltlgs Liabilities falling due within one year 3,851 6,868 Net Assets 37.892 45,818 Represented by'.- unstricted Funds Restricted Funds 37,892 45,818 Totsl Funds 37.892 45,818 The trustees (who are also the directors of the company for the purposes of company lawl confim that for the period ended 31 Augu512024".- the eompany was entitled to exemption from audit under section 477 of the Companie5 Act 20061 the Act'l, and members have not required the company lo obtain an audit of ils accounts for the period in question in accordance with section 476 of the Act. However, in accordance with section 145 of the Charilles Ad 2011 and sedion 44 of the Chafilies and Trustee Investment (Scollandl Act 2005, the accounts have been examined by an independent examiner. The Iruslees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The notes form an integral part of these 8ccounts. These accounts, which have been prepared in accordance with the provisions in the Companies Act 2006 relating to small companies, were approved by the trustees and signed on their behaw by.. Nick Wallace
Yardley Wood Baptist Charitable Company Statement of Financial Activities. Balance Sheel and Notes Year Ended 31st August 2024 1. Aecounting Policies {al Basis of Preparation These accounts have been prepared on the basis of historic cost in accordance with the Accounl¥ng Regulations Set out under the Charrties Act 1993 and with the Charities Slalement of Recommended Practice ISORPI 2005- Second Edition {bl Form of Financial Slalements lil Unrestricted funds are those that may be used al the discretion of the Iruslees In furtherance of the objecis of the eharity lill Reslrided funds may only be used by specific purposes. Restrictions arise when specified by the donor or when funds are raised for specific purposes. {cl Incoming Resources lil InrnIng Resources are recognised and included in the Slalemenl of Financial Aclivrf(ies ISOFA} when the Charity becomes entitled lo the resources", the Iruslees are virtually certain they will receive the resources., and the monetary value can be measured with sufficient reliability. {ii} Where incoming resources have related expenditure las wf(h fundraising), the incoming reSourS and related expenditure are reported gross in the SOFA. {iiil Donalitsns are accounted for gross when received. {ivl Bank interest is recognised when il is credited lo the account. Idl Expenditure and Liabilities {il Expendf(ure is accounted for on In accruals basis. lill Liabilities are recognised a$ soon as there is a legal or constructive obligalign to pay out resources. le) Assets Tangible fixed assets are capilalised if they cost more than £500 and can be used for more than one year.They are valued at cost or, if gffted, at value on re1pt.Te chaiily does not currently have any capilalised fixed assets. lfj Taxation The chaiity is not liable for income or capital gains lax on its charitable activities. 2, Income from donatlons and legacies Restricted Unrestricted 2024 2023 Donations Individuals Co-op Local Community Fund 4,250 24,336 28,587 4,250 24,336 28,587 5,354 28,300 33,654 3. Income from charitable activities Pantry membefships 19,187 19,187 1 5,780 4. Costs of charÉtable activities by fund type Restricted Unrestricted 2024 2023 Wages Food Premises Equipment Other operating costs Depreciation 11,315 31,924 5,862 838 3,539 2,221 11,315 31,924 5,862 838 3,539 2,221 8,221 17,935 1,600 329 1,720 1,666 55.699 55,699 31,471 S. Trystses. remuneration and expenses During the year, no Trustees received any remuneration or other benefils12023". Nil)
Yardley Wood Baptist Charitsble Company ststement of Financial Activities. Balance Sheet and Notss Year Ended 31st August 2024 6. Tangible fixed assets Equipment Cost Al 1 September 2023 Additions Al 31 Augysl 2024 13,818 13.818 Depreciation Al 1 September 2023 Charge for the year Al 31 August 2024 7,946 2,221 10,168 Net book value Al 1 September 2023 5,872 At 31 August 2024 3,651 7. Debtors 2024 2023 Prepayment and a¢crLFed income 213 2.346 213 2.346 8. Bank and Cash Balances Lloyds Bank current account Lloyds Bank deposit aonI Petty Cash 12,692 25.186 44,468 37.879 44.468 9. Current Liabilities (payable wbthln one yearl Account$ Payable Accruals and deferred income 3,851 3,851 6.868 6.868 10. Related party transacttons There were no related party transactions in the year12023.' Nil) At1st September 2023 At1st Soptsmber 2024 11. Movements between Funds Income Expenditure Transfers Ur*restri¢led Funds 45,818 47,774 55,699 37.892 Prior year At1st September 2022 At 1st September 2023 Income Expenditure Transfers Ur¥restrieted Funds 27,855 49.434 31,471 45,818 Total Funds 27,855 49,434 31.471 45,818