Registered Charity No. : 1160231 ## Bitterne SNU Spiritualist Church Report and Accounts 31 December 2024 ## **Bitterne SNU Spiritualist Church Report and accounts Contents** ||**Page**| |---|---| |Trustee report|1| |Accountants report|2| |Income and expenditure|3| |Balance sheet|4| |Notes to the accounts|5| ## **Bitterne SNU Spiritualist Church Trustees Report** The trustees present their report and the financial statements for the year ended 31 December 2023. The trustees are responsible for preparing the trustees report and the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom accounting standards and applicable law). Under the Charity Act 2006, the trustees must not approve the financial statements unless they are satisfied they give a true and fair view of the state of affairs of the charity for that period. In preparing the financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently - make judgements and accounting estimates that are reasonable and prudent - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the statements comply with the Charity Act 2006. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. ## **President** K Frost (appointed 20th April 2024) ## **Treasurer** N Jenkins (appointed 20th April 2024) ## **Church Address** Top of Lances Hill 390 Bitterne Road Bitterne Village Southampton SO18 1 DR ## **Accountants** Tidby Accounting & Business Solutions 33 Harvey Crescent Warsash Southampton SO31 9TA I have examined the relevant books and records and am satisfied that the financial statements are a true statement of account. N Jenkins On behalf of the church 20th February 2025 1 ## **Bitterne SNU Spiritualist Church Accountants Report** ## **Accountants' report to the trustees of Bitterne SNU Spiritualist Church** In accordance with your instructions, I have prepared the accounts which comprise of the Income and Expenditure Account, the Balance Sheet and the related notes from the accounting records of the charity and on the basis of information and explanations you have given to us. I have examined the books and records of Bitterne SNU Spiritualist Church, as supplied by the Treasurer for the year ended 31st December 2024 and confirm that the financial statements are correct in accordance therewith. I have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. Deana Tidby Tidby Accounting & Business Solutions 20th February 2025 2 ## **Bitterne SNU Spiritualist Church Income and expenditure for the year ended 31 December 2024** |**Donations, charitable and other trading activities**
Administration expenses
**Operating surplus**
Contribution towards mortgage
Interest receivable
Interest payable
**Surplus/(Deficit) for the financial year**|**2024**
**£**
35,149
(22,356)
12,793
6,000
488
(3,737)
15,544|**2023**
**£**
22,412
(15,203)
7,209
6,000
238
(4,068)
9,379| |---|---|---| 3 ## **Bitterne SNU Spiritualist Church Balance sheet as at 31 December 2024** |**Notes**
**Fixed assets**
Tangible assets
2
**Current assets**
Lloyds bank account
SNU trust deposit account
**Net current assets**
**Total assets less current**
**liabilities**
**Creditors: amounts falling due**
**after more than one year**
3
**Net assets**
Income and expenditure account
5
**Members funds**|10,337
29,388
39,725|**2024**
**£**
352,794
39,725
392,519
(240,420)
152,099
152,099
152,099|5,776
27,883
33,659|**2023**
**£**
352,794
33,659
386,453
(249,898)
136,555
136,555
136,555| |---|---|---|---|---| 4 **Bitterne SNU Spiritualist Church Notes to the accounts for the year ended 31 December 2024** ## **1 Accounting policies** ## _**Basis of preparation**_ The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). ## **2 Tangible fixed assets** |**Cost**
At 1 January 2024
At 31 December 2024
**Depreciation**
At 31 December 2024
**Net book value**
At 31 December 2024
At 31 December 2023
**3**
**Creditors: amounts falling due after one year**
SNU Loan - Trust Advanced Accounts
**4**
**SNU Loan - Trust Advanced Accounts**
Balance at 1 January
Interest
Less : Repayments (incl flat rent paid direct)
Balance 31 December
**5**
**Members funds**
Balance at 1 January
Surplus/(deficit)
Balance 31 December|**2024**
**£**
240,420
**2024**
**£**
249,898
3,737
(13,215)
240,420
**2024**
**£**
136,555
15,544
152,099|**Land and**
**buildings**
**£**
352,794
352,794
-
352,794
352,794
**2023**
**£**
249,898
**2023**
**£**
259,030
4,068
(13,200)
249,898
**2023**
**£**
127,176
9,379
136,555| |---|---|---| 5 ## **Bitterne SNU Spiritualist Church Detailed income and expenditure for the year ended 31 December 2024** |**Sales**
Collections
Healing
Demonstrations, readings and circles
Donations
Literature sales
Refreshments
Tutor groups
Electricity, water, room hire and parking
Shop,table top sales, fairs and raffles
Weddings, funerals and namings
Subscriptions
Sundry
**Administration expenses**
Speakers and tutors
Electricity
Water rates
Repairs and maintenance
Insurance
Stationery, postage and literature
Socials and raffles
Advertising and marketing costs
Accountancy fees
SNU affiliation fees
Sundry expenses
**Contribution towards mortgage**
**Interest payable**
Mortgage interest (SNU Advanced Account)
**Interest receivable**
Deposit interest (SNU Trust Deposit Account)
**Surplus/(Deficit) for the financial year**|**2024**
**£**
2,395
3,557
2,630
9,841
381
280
2,966
9,751
896
150
502
1,800
35,149
3,254
925
759
14,085
1,330
224
362
348
350
325
394
22,356
6,000
3,737
488
15,544|**2023**
**£**
3,116
3,826
1,127
474
149
422
4,209
7,575
738
-
526
250
22,412
3,596
3,402
568
4,793
1,247
277
69
290
350
270
341
15,203
6,000
4,068
238
9,379| |---|---|---| 6