REGISTERED CHARITY NUMBER: 1159946 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 FOR SALFORD RELIGIOUS CENTRE FOR SPIRITUALISM P B Syddall & Co Chartered Accountants Grafton House 81 Chorley Old Road Bolion Lanc&shire BLI 3AJ
SALFORD RELIGIOUS CENTRE FOR SPIRITUALISM CONTENTS OF THE FINAliCIAL STATEMENTS FOR THE YEAR Eh'DED 31 DECEMBER 2023 Pa8¢ Report of the Trustees Independcnt Examiner'5 Report Statement of Financial Activities Bglance Sheet Notes to the Flnanclal Statements Detailed Stslement of Fin8ncial Activities 9 to 10
SALFORD RELIGIOUS CEwfRE FOR SPIRITUALISM REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees pres¢ni their report with the financial SLqtements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of Accouniing and Reporting by Charities: Staternent of Recommcndcd Practi¢¢ applicable to charities preparing their accounts in accordan¢¢ with the Financial Reporting Standard applicabl¢ in the UK and R¢public of Ireland (FRS 102) (effeciive l January 2019). FINANCIAL REVIEW Rcserves poIIcy The trustees feel that reserves of £30,000 representing an average of18 months general expenditure is a suitabl¢ Icvel of reserves and builds somc resilience for the charity to the closure of the building for whatever reason or in case of unexpected one-otT repairs.This level of reserves was maintsined throughout 2023. STRucfuRE, GOVERNANCE AND MANAGEMENT Governlng document The charity is controlled by its governing documenL a deed of trust and constitutes an unincorporated charity. REFERENCE AND ADMINISTRATIVE DETAILS Regtstered Charity number 1159946 Principal address 129 Cross Lane Salford Greater Manchester M5 4HH Trustees Reverend J Cookson Chairperson M Mold Mrs J Carnithers Mrs R Joseph D L Goodchild Mrs A Valeniine D W Thornas Mrs l M Andow (appointed l.1.23) RJHeys Independ¢nt Examiner Adam J S)'ddall MA ACA P B Syddall & Co Chartercd Accountants Grafton House 81 Chorley Old Road Bolton Lancashire BLI 3AJ Approved by order of the board of trustees on 4 March 2024 and Sied on its behalf by. Reverend J Cookson - Trustee Page I
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SALFORD RELIGIOUS CENTRE FOR SPIRITUALISM Independent examiner'5 report to the trustees of Salford Religlous Centre for Spfrltuallsm I report to the eharitv truslees on my examination of the accounts of Salford Religious Centre for Spiritualism (the Trust) for the year ended 31 December 2023. Responsibilities gnd basis of report As the charity trustees of the Trust you are responsible for the preparntion of the accounts in accordance with the r¢quir¢m¢nts of thc CharitlC5 AGt 2011 ('thc Art,). I report in respect of my examination of the Trust's accounts Carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Dir¢clions given by the Charity Commission under S¢ciion 145(5)(b) of the ACL Independent examiner's statement I have completed my examination. I confwm that no material matters have come io my attention in connection with the examination giving me cause to believe that in any material respect= accounting records were noi kepi in respect of the Trust as required by Section 130 of the Act; or the accounts do nol accord with those records; or the accounts do not comply with Ihe applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a mallcr considered as part of an independent ¢xamination. I hav¢ 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 lo enable a proper understanding of the accounts to be reached. Adam J Syddall MA ACA The Institute of Clwtered Accountants in England and Wales P B Syddall & Co Chartered Accountants Grafton House 81 Chorley Old Road Bolton Lancashire BLI 3A3 5 March 2024 Page 2
SALFORD RELIGIOUS CENTRE FOR SPIIUTUALISM sTATEmET OF FINAIYCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 31.12.23 Unrestricted fund 31.12.22 Total funds Noies INCOME AND ENDOWMENTS FROM Donations and legacie5 25.044 22.153 Charitablc activities Spirinulist activities 250 Total 25,044 22,403 EXPENDITURE ON Charitabl¢ A¢tivities Spiritualist activiiies 14,890 5,194 Other 12,962 Total 14,890 18.156 IYET INCOME 10.154 4.247 RECOt%ClLIATION OF FUNDS Total fvnds brought forward 346,162 341,915 TOTAL FUNDS CARRIED FORWARD 356J16 346.162 The notes form part of these financial statements Page 3
SALFORD RELIGIOUS CENTRE FOR SPIRITUALISM BALANCE SHEET 31 DECEMBER 2023 31.12.23 Unrestricted fund 31.12.22 Total fvnds Notes FIXED ASSETS Tangible assets 313,417 314.285 CURRENT ASSETS Cash at bank 43,258 32,237 CREDITORS Arnounts falling due within one year (359) (360) NET CURRENT ASSETS 42.899 31.877 TOTAL ASSETS LESS CURRENT LIABILITIES 356J16 346.162 NET ASSETS 356J16 346,162 FUNDS Unrestricted funds 356J16 346,162 TOTAL FUNDS 356J16 346,162 The financial staternents were approved by the Board of Trustees and authorised for issue on 4 March 2024 and were signed on its behalf by: J Cookx>n - Tru5t¢e D W Thomas - Ttee Thc notc5 forni pan of these financial statements Page 4
SALFORD RELIGIOUS CEIYTRE FOR SPIRITUALISM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLICIES Basis of preparlng the fin8nci81 statements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Chariiies SORP (FRS 102) 'Accounting and Reporting by Charities: Ststement 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) (etrective l January 2019),, Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds: li is probable thai the incom¢ will be received and the amount can bc m¢a5urcd reliably. Expenditure Liabilities are recogniscd as exp¢nditur¢ as soon as there is a legal or con5tructiv¢ obligation committing thc charity to that expenditure, il is probable that a transfer of economic benefits will be required in settlement and thc amount of the obligation con be measured reliably. Expendilure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to thc catcgory. Where costs cannot be directly attributed io particular headings they have been allocated to activilie5 on a basis consistent with the use of resources. Tanglble fixed assets tkpreciation is provided at the following annual rates in order to write off each as5ei over its estimated useful lif¢. Fixnwes and fittings 150/• on reducing balan¢¢ TaxAtlon The charity is exempt from tax on its ¢haritable activities. Fund accountin£ Unre5tricied funds can be used in accordance with the charitable objectives at the discrction of the trustees. Restricted funds can only be used for particular restricted purposes wiihin the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restrieied purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. TRUSTEES. REMUNERATION AND BENEFITS There were no tru51ees' remunerdtion or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022. Trustees, expenses There were no trustces, expenses paid for the year ended 31 December 2023 nor for the ar ended 31 Dccembcr 2022. Page S continued...
SALFORD RELIGIOUS CENTRE FOR SPIRITUALISM NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED31 DECEMBER 2023 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund INCOME AND ENDOWMENTS FROM Donations and l¢ga¢i¢J 22,153 Chorltable actlvllles Spiritualist activities 250 Total 22,403 EXPENDITURE ON Charitable activities Spiritualist aG¢iviti¢s 5,194 Other 12,962 Total 18,156 NET INCOME 4,247 RECONCILIATION OF FUNDS ToLqI funds brought forward 341,915 TOTAL FUNDS CARRIED FORWARD 346,162 TANGIBLE FIXED ASSETS Fixtures Freehold propeny flllings Totals COST Ai l January 2023 and 31 Deccmbcr 2023 308,500 Is03 324.003 DEPRECIATION At l January 2023 Charge for year 9,718 868 9,718 868 At 31 December 2023 10,586 10,586 NET BOOK VALUE At 31 December 2023 308,500 4,917 313,417 At 31 December 2022 308,500 5,785 314,285 Page 6 continued...
SALFORD RELIGIOUS CENTRE FOR SPIRITUALISM NOTES TO THE FINANCIAL STATEMENTS- eontlnued FOR THE YEAR ENDED 31 DECEMBER 2023 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.23 31.12.22 Other creditors 359 300 MOVEMENT IN FUh4)S Net movemcnt in fvnds At 31.12.23 Ai 1.1.23 Unrestrieted funds General fund 346.162 10,154 356J16 TOTAL FUNDS 346,162 10,154 356J16 Net movement in fimd& included in the above are as follows: Incoming resources Resources expended Movement in funds Unreslrieled funds Gcncral fund 25,044 (14,890) 10.154 TOTAL FUNDS 25,044 (14,890) 10,154 Compgrative5 for movement In funds Net movcmcnt in funds Ai 31.12.22 At 1.1.22 Unrestrleted funds Genernl fund 341.915 4,247 346.162 TOTAL FUNDS 341,915 4247 346.162 Compardtive net movemenl in funds, included in the above are as follows." Incoming resources Resources expended Movem¢nt in funds Unrestricted funds General fund 22,403 (18,156) 4247 TOTAL FUNDS 22.403 (18,156) 4,247 Page 7 ontinued..
SALFORD RELIGIOUS CENTRE FOR SPIRITUALISM NOTES TO THE FINANCIAL STATEMEh'TS- continued FOR THE YEAR ENDED 31 DECEMBER 2023 MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months combined position is as follow5: Net movcmcnt in funds At 31.12.23 At 1.1.22 Unrestricted funds General fund 341.915 14.401 356.316 TOTAL FUNDS 341,915 14,401 356,316 A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: Incoming resources Resources cxpended Movement in funds Unrestrlcted funds General fund 47.447 (33,046) 14,401 TOTAL FUNDS 47,447 (33.046) 14,401 RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 December 2023. Page 8
SALFORD RELIGIOUS CENTRE FOR SPIRITUAL15M DETAILED STATEMEh'T OF FIYI ANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 31.12,23 31.12.22 INCOME AND ENDOWMENTS Donatlons and legaeies Sunday coll¢ction3 Weekday colleclions Classes Healing Member fees Refreshments Fundrdising Open Circle Raffles Donations Invesirneni income Car park income Football cards Private readings Sale of goods 2J39 4J14 59 806 216 1,050 1,554 2,114 4,743 209 828 228 1,330 1.201 628 1,162 916 312 6,400 1,480 330 272 IJ09 630 414 10,500 lJ40 160 353 25,044 22,153 Charitsble activities Grants 250 Total incoming resources 25,044 22,403 EXPEYDITURE Charitable activities Sunda), mediums Wednesday mediums Affiliaiion fees Kilchen and social Raffles Goods to sell Fooiball cards Fundraisin8 H¢alin8 registration Private readings 627 1,143 255 500 241 597 915 250 628 249 352 745 704 644 650 565 126 4,107 5.194 Support cosls Management Rates and waler Insurance Carried forward 247 9lO 1,157 195 853 1.048 This page does not fonn part of the statutory financial statements Page 9
SALFORD RELIGIOUS CENTRE FOR SPIRITUALISM DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 31.12.23 31.12.22 Management Broughi forward Light and heat Travelling expenses Postage and stationery Cleaning materials Repairs and maintenance Sundries Dcpr¢ciation of tsngibl¢ and h¢rilag¢ ass¢ts l.J57 2J31 888 151 271 4J60 397 868 1,048 2,015 890 100 358 7,010 160 1,021 10,423 12,602 Governance costs Accountancy and legal fees 360 360 To1 resources expended 14,890 18,156 Net income 10,154 4.247 This page does not form part of thc statutory financial statcmcnts Pag¢ 10