REGISTERED CHARITY NUIIBER: 1163086 KINGS HEATH NATIONAL SPIRtTUALlST CHURCH REPORT OF THE TRUSTEES AND FINANCLiL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Clive Shedd & Co Chartered Accountants 232 Sladepool Farn) Road Birmingham B145EE
KINGS HEATH NATIONAL SPIRITUALIST CHURCH CONTEYTS OF THE FlINNCIAL STATEI¥IENTS FOR THL YEAR E.NDED 31 DECEf*lBER 2024 Page Report of the Trustees Independent Examiner's Report Statement of Financial Actiiryties Balance Sheet Notes to the Finanel&l Statements Detailed Statement of Financial Actiiryties 12
KINGS HEATH NATIONAL SPJRJTUALIST CHURCH REPORT OF THE TRUSTEES FOR THE YEAR EJDED 31 DECEIMBER 2024 The tsusiees present their repon with the flnancial sthtements of the thlty for the year ended 31 December 2024. The trubiees have adopted the provisions of Accounting and Reporting by CEIties.. Staiem¢ni of Recornmended Practice applicable to chariries prepating their accounts in accordance with the Financial Reponing Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OWECTtVES ATriD ACTIVITIES Objectives and aims The Charity's objects, Set out in its governing documetji. are: li) to advance the religion and the religious philosophy of Spiriwalism on the basis of the seven principles of SNU Spiritualism: lill holding of religious setvices forpublic worship., {iii) training of all in the principles of the religion. religious philosophy and science of Spiritualism. Charirable objects as may be decided upon from time io time by Special Resolution of the Full Membe]5 on General Meeiing. No tsbject shall be included which is incoijsistent with the status of the Church as a religious ¢h2rity. Public benefit In Canying out irs activities during the year, the Trustee5 have had due regard to the Ckniry Commission's guidance on public benefit. Spiriwalist healing and weekly Church services are open to all. Our Church provides comfort to all those who have been bereaved and Suppons the well-being of individuals. FINANCIAL RE]Ew Financial position The details of the financial actSVities are shown on the attached Ststement of Financial Activities and Balance Sheet. Income for the year amounted to £23.39112023 restated.. L?5,850}. a reduction of 9.50/0. During the year ended 31 December 2024 the largest single source of inC0e was derived frorn Tiadsng Activities wkn"¢h raised £10,156 12023 restated.. £6,762}. In the preceding year th¢ largesr single source of income w05 Donations (2024.. £7,982- 2023 rests1.. £12.702). Experlditure for th¢ year amounted to £?2,492120?3 restated.. £?5.7701, a reduction of 12.72Q/o. During the year ended 31 December 2024 expenditure on Chan'thble Activities made up 59.84/0 12023 resthied.. 57.920/0) of the expenditure for the year. The Charity's nei income for the year ended 31 December 2024 was £89912023 restated.. £80). Prinelpal fundillg source$ The principal funding sources for the Charity donations and legacies from both the ¢ongregaiion and inembers of the public and ittcome generated by trdding acriviiies. lllvestment policv and objectives The Charity holds investtntnrs with The Spiritualists, NatiL¥na] Union Trust. a registered charity and a company that is limited by guarantee. Reserves policy Generdl funds of £63,81512023 resiated.. £62,916) are held. The Charity does not hold any designaied or restri¢ted funds. all funds are considered io be general fvnds and they are considered by the Trustees to be .%uffJcieni 10 wpport the running costs of the Charity, including the maintenance of irs assets.. in the event of any major disNptioii to its. inctsme streams. Page I
KINGS HEATH INATIONAL SPIRITUALIST CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER2024 STRUCTUR[ GOVERYL ANCE D IWAGEMENT Governing document The charity ts controlled by its governing document, a deed of ttusi and consriwies an UDincoEporated charity. Charity eonstitution The constitttiion wa5 adopted on I tkcember 2017. Risk management Th¢ irnsit¢s have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate ¢onrrols are in place io provide reasonable assurawe agai1 fraud and error. REFERETr4CE AND ADIllINISTIUTtVE DETAILS Registered Charity number 1163086 Principal addre5$ 5 Springfield Road Kings Heath Binningham B147DT Trustees ChTisÈopher Shelton Chair Julie Elizabeth Shaw (appointed 24.3.241 Donna Durose Treasurer Barry Martln Walker Ivan Walton Vice Chair Elizabeth Welham-Daly Michelle Mwphy (resigned 24.3.241 Raynor Stacy (resigned 24.3.24} Denise Cutting lappoinled 24.3.24} Julie Ryder {apFoinied 24.3.241 Debbie O'Loughlin (appointed 24.3.241 Melaine Audley (appointed ?4.3.24) Aliya Khan {appoinied 24.3.241 Independent Examiner Clive Shedd FCA Clive Shedd & Co Chanered Accountsnts 232 Sladewol FamTr Road Bimiingha]n B14 SEE Approvedby orderof theboard ofirnsM on.................... . and signed OTJ its behalf by.. elton Tntee Page 2
INDEPENDENT EXAMI.NER'S REPORT TO THE TRUSTEES OF KINGS HEATH F4ATIOT4AL SPIRITUALIST CHURCH Independent examiner's report to the trusiees of Kings Heath National Spiritualist Church I repon to the chanty trustees on my exatnination of the accounts of KgS Heath National Spiritualist Church (the Trust) for the year ended 31 Decetnber 2024. Respon5Trbilities 8Dd b851$ of report As the charity t]uS$ of the Trust you are SpOnsIble for the preparaiion of the accounts in accordance with the requirements of the Chan'ties Act 2011 {'the A¢V}. I report in respect of my examination of the Twst's accounts Carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under S¢¢tion 145151(b} of the ACL Indepenifent examiner's statement I have completed my exami1110. l ¢onfJrni that no material matters have come to ]ny attention in eonnection with the examination giving me cause io believe thai in any maierial respect.. accounting records were not kept in respect of the Tn]st as required by Section 130 of the Act: or the accounts do not accord with ihose records,. or the accounts do not Comply with the appli¢able requtremenLs concerning the forni and content of accounts set out in the Charities (Accounts and Reports'l Regulalions 2008 other than any requiremeni that the accounts give a and fair view which is not a matter considered as part of an independent examination. I have nts concerns and have ¢ome acro8s no other matters in connection with the examination to which attentic>n should be drawn in this report in order to enable a proper Lujdersianding of the accounts to be reached. Cliv¢ Shedd FCA Clive Shedd & Co Chartered Accountants 232 Sladewol Fom] Road Bim)ingham B145EE Da.. Page 3
KINGS HEATH NATIOYAL SPIRITUALIST CHURCH STATEMENT OF FIN)cIAL ACTIVITIES FOR THE YEAR ENDED 31 DECE.%qBER 2024 2024 Unrestricted fLU)d 2023 Total funds as restared No*s LYCOME AND ENDOWMEPITS FROM Donations and legacies 7.982 12,702 Chariixble attiTrities Charitable actlvllies tn fvrtheran¢e of the objects as set out in the Church's constirution. 4,643 5,146 Other trading actiNiiies Investment income Other income 10,156 610 6,762 327 913 Total 23,391 25.850 EXPENDITURE ON Raising funds Other rrading a¢iiviiies 2.293 898 2.293 898 Charitable aCtiltIeS Charitable activities in furtherance of the objects a5 sei out in the Church's constiiurion. 13,460 14,927 Other 6,739 9.945 Total 22.492 25,770 Tr4ET INCOME 899 80 RECONCILIATION OF FUNDS Total funds brought forward Aq prelllollsly reponed Pr2or year adjusttnent 62,716 200 62.836 As restated 62.916 62.836 TOTAL FaDs CARRIED FORWARD 63,815 6?,916 The notes forni part of these financial ststements Page 4
KINGS HEATH NATIONAL SPIRITUALIST CHURCH BALLNCE SHEET 31 DECEMBLR2024 2024 unrestrlcd fund 2023 Tothl FJnds as restated Note5 FIXED ASSETS Tangible assets 29,901 29,901 CURRETr4T ASSETS Stocks Cash at bank and in hand 10 541 35,182 33,435 35,723 33,435 CREDITORS Amounts falling due withuj one year 11,809) (420) NET CURRENT ASSETS 33,914 33,015 TOTAL ASSETS LESS CURRENT LIABILITIES 63,815 62.916 NET ASSETS 63,815 62.916 FUNDS Unrestricted fimds 12 63,815 62.916 TOTAL FUNDS 63,815 62,916 The financial statements were approved by the Board of Truste¢s aTLd authorised for issue . ond were signed on its behalf by.. Chrisiopher Shelton - Tnlee The notes fomi part of these fjnancial statements Page 5
KINGS HEATH NATIONAL SPIIUTUALIST CHbliCH NOTES TO THE FLNiANCL4L STATEMENTS FOR THE YEAR ENDED 31 DECE.MBER 2024 ACCOUryTtNG POLICIES Basis of preparing ihe finaDci&I 5¢atement5 The fjnancial staten)enlS ol. the ¢hari(y, which is a public benefit entiry under FRS 102, have been prepared in accordance with the ChaTities SORP IFRS 102} 'Accounting and Reporting by Charities.. Sraiement of Recommended Prdctice applicable to charities preparing their accounts. in a¢cordance with the Financial Reporting Stslljdard applicable in the UK and Republic of Ireland IFRS 10?) {effective l January 20191,, Financial Reporting Standard 102 'The Fin3ncial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The fll)an¢ial sthternents have been prepared under the hisiorical cost convention. The financial siatements were prepared in accordan¢¢ with applicable Charity law in the jurisdiction of registration. The charity's fijnctional and presentation currency ts the WLUMI 5ter]u. rounded to the nearest £. Going concer There are no nvdterial uncertainti&% about the cFwity's ability to continue as a goin8 concem. Significant judgements alld estimates In preparing these fuian¢ial Sthlements. the charity's managemeni make judgements, estimates and assumptions that affect the amoLmts reponed for as%ets a[ liabililies ai ihe balance sheet date and the amounts Teported in the statement of fclaI activities for the reponing period under revsew. The natttre of estiMaS means that the actual outcome could differ and the charity's management consider there are no estitnate5 or assumptions that have a significant risk of causing a material adju8(ment to the amounts reported for assets and liabilities within the nexi financial year. Financial reportithg 5talld#rd 102- redueed disc105ure exemptions The charity has advantsge of the following disclosure exemption in prepating these fmancial Stements, as perniitted by FRS 102'The Financial Reporting Standard applicable in the UK and Republi¢ of Ireland.: the requirements of Section 7 Statement of Cash Flows. Income All income is re¢ognised in the Statement of Financial Activitie5 once the chariry h&s entitlemeni io the fillJd5. it is probable that the income will be received and the amoLU)I can be measured reliably. Expendityr¢ Liabilities are recognised expenditure as soon as there is a legal or consbuctive obligation commilling the charity lo that expenditure, li is probable that a transfer of economic benefils will be required in settlement and the amouni of th¢ obligation can be measured reliably. Expenditure is accounted for on an accnlals basis and has been classified under headings that a¥giegate all cosi related io the caiegory. costs cannot be directly attributed to particular headings they have been allocated 10 activities on a basis consistent with the use of resources. Tatlgible red Assets Depreciaiion iq provided ai the following annual rates in order to wyiie off each asset over its estimated useful life. Freehold land Property Fixtures and fittings not provided not provided 25 10 on cost The residual value of the company's freehold land and p]Dperty is at least eoual to its book value. Consequently a depre¢iatlOD chargt is consi(kred to be immaitrial. Tangible fLxed agsets ate initially recorded al cost. Page 6 continued...
KINGS HEATH NATIONAL SPIRITUALIST CHURCH k'OTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOLry4TING POLICIES- tolltinued Stocks Stock% are valued ar the lower of cost and net realisable value, afier making due allowance for obsolete and Slow moving iiems. Taxation The charity is exempt fiDm on its ¢lritable activities. Fund aeeountinE Unrestricted fiJn(& can be used in accordance wilh the charirable objecuves at the discretion of the trustee5. Restricted funds. Can only be used for particular restricted purp05e5 within the objects. of the charity. Restrictions arise when specified by the donor or when funi& raised for parti¢ular restricted puTrose5. Financial Instruments Basic financial assds and liabiliiies are iniiially recognised ai transaction price and are subsequently me&sured at amortised cost. DONATIONS AI4D LEGACIES 2024 2023 as restated Church collections Donations, bequests and gifts 5,759 2.223 6,541 6,161 7.982 12.702 OTHER TRADING ACTIVITIES 2024 20?3 as re8iated Shop sales Church raffles Yoga Special evet]ts 3,422 742 1,190 4,802 1,141 770 1,227 3,624 10,156 6,762 INTrTSTMENT INCOME 2024 2023 as restated Bank interest weived 610 327 Page 7 Continued...
KINGS HEATH T4ATIONAL SPIRITUALIST CHURCH OTES TO THE FINLNCIAL STATEMESTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 TRUSTEES, REMUNEIL4TION AND BEryL EFITS There were no trustees, reLtratiOn or other benefits for the yew ended 31 December 2024 nor for the year ended 31 De¢emb¢r 2023. Trustee5' expen5e5 There were no trustees, expenses paid for the year ended 31 December 2024 nor for the year etKied 31 December 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund as restated INCOME AND ENDOEliTS FROM Donauons and legacies 12.702 Charitable actitieS Charithble activilies in fvrtherance of the objects. as Set out in the Church's con5tituiion. 5,146 Othertrading acrivities Investment income Other income 6.762 327 913 Total 25,850 EXPENDITURE ON Raising funds Other trdding activities 898 898 Charitable aCtitieS Charitable aciivitie% in fitherance of the objects as sei out in the Church's conslilulion. 14.927 Other 9,945 Total 25.770 NET INCOME 80 RECONCILIATION OF FUNDS Total n{L5 brought forward 62,836 TOTAL FUNDS CARRIED FORWARD 6?,916 Page 8 ¢onrinued...
KINGS HEATH NATIONAL SPIRITUALIST CHURCH NOTES TO THE FITriANCIAL STATEME)TS- continued FOR THE YEAR ENDED 31 DECEMBER 2024 PRIOR YEAR ADJUSTMENT The 2023 Accounts We not prepared by Clive Shedd & Co but by another firn) of Accountants. When the rUwla] statetnents for the year ended 3 1 Dernber 2023 were prepared no adJUsttts were made for outstanding bank receipts and payments at 31 December 2023. Whilst preparing the 2024 Accounts we identified that a donation of £2(K) and a payment of £20 had been excluded from the 2023 Accounts and we have accordingly restated the 2023 Accounts. iDEPENDENT EXAMINER A provision has been made for fee8 payable for the independeni examinati<)n of £60012023-. £200). A provision has also been made for a¢coLmtancy smices provided by the accountancy prdciice of which the independent examiner is the principal of £840 {2023.. £200). TANGIBLE FIXED ASSETS Fixtures Fre£hold land Property finings To8 COST At 13anuary 2024 and 31 December 2024 1.900 28.001 8.766 38,667 DEPRECJATION At I January 2024 and 31 December 2024 8.766 8.766 NET BOOK VALUE At 3 1 December 2024 1,900 28.001 29.901 At 31 December 2023 1.900 28.001 29,901 The freehold land was purchased on 13 September 1969 for the sum of £1.9(M). io. STOCKS 2024 2023 a5 restated Finished goods 541 Page 9 continued..
KIP4GS HEATH NATIONAL SPIRITUALJST CHURCH NOTES TO THE F¥)CIAL STATEMENTS- continued FOR THE YEAR ENDED31 DECEMBER 2024 ii. CREDITORS: AMOUNTS FALLING DUE WTTHtN OYE YEAR 2024 2023 as restated Trade creditors A¢cruals and deferred income 369 1,440 20 4(K) 1,809 420 12. MOVEMEf4T FUNDS Prior year adjustTnent Net movement in funds Ai 31.12.24 Ai 1.1.24 Unrestricted fuDd$ General fund 62,716 200 899 63,815 TOTAL FUNDS 62,716 200 899 63,815 Net movemeni in fimds, included in the above are as follows.. tncoming resources Resources expended Movement in ndS Unrestricted funds General fimd 23,391 {22,492) 899 TOTAL FUYDS 23.391 {22.492) 899 Comparat&ves for movement ID fund5 Net movement in fLuJds At 31.1?.23 At 1.1.23 Ullrestrieted funds General fund 62,836 80 62.916 TOTAL FUNDS 62,836 80 62.916 Comparative net n)ovemenf in funds, included in the above are as follows.. Incoming resoLw¢es Resources expended Movement it) funds Unrestricted funds General fLU ?5.850 125,770) 80 TOTAL FUNDS 25.850 (25.770) 80 Page 10 continued...
KINGS HEATH NATIONAL SPIRITUALIST CHURCH NOTES TO THE FINNcIAL STATEI¥IEITS- continued FOR THE YEAR ENDED 3J DECEIBER 2024 13. RELATED PARTY DISCLOSURES Kmgs Heath National Spiritualist Church became a registered charity on I l August ?015. Prior to that the charity was affiliated to The SpiriDJalisls' National Union (charity registration number 261898). Page 11
IaNGS HEATH NATIONAL SPIIUTUALIST CHURCH DETAILED STATEME)I T OF FINANCL4L ACTtVITIES FOR THE YEAR ENDED 31 DECEMBER 21124 2024 2023 as restated INCOME AND END0ETs Donations and legacies Church collections Donations, bryuests and gifts 5,759 2,223 6,541 6,161 7,98? 12,702 Other trading aCtitieS Shop sale8 Church raffles Yoga Special events 3.422 742 1,190 4,802 1,141 770 1,227 3,624 10.156 6,762 Investment income Bank iniere%t received 610 327 Charitable aetivities Metnbers fees Private sittings Circles 680 765 3,198 670 1,095 3,381 4,643 5,146 Other illeome Other incom¢ 913 Total imeomittg resourees 23,391 25,850 EXPENDITURE Other tr8diDg activities Shop purchases Yoga Closing stock 2,226 608 (541) 266 632 2,293 898 Charitsble actlvities Water rates Light and hear Telephone Meth'um fees Premises maintenance 208 8.131 674 3.891 556 181 6,735 651 4.138 3.22? 13,460 14.927 This page does DOI fomi pan of the statutory financial statements Page 12
KIliGS HEATH PIATIONAL SPIRITVALIST CHURCH DETAILED STATEmET OF FINNcLL ACTIVITIES FOR THE YEAR ENI DED 31 DECEMBER 2014 2024 2023 as re5tsted Support co$t$ Management Insurance Printing. postage and stationery Cl&willg SNU retLtrns Subscriptions and licences Account8ncy Grweries and suppers Gardeners and flowers Miscellaneous 1,054 80 1,400 406 547 1,440 1,445 160 154 605 360 674 400 639 55 6.017 6,686 9,925 Finance Bank Charges 53 20 Total resources expended 22,492 25.770 Tr4et ineome 899 80 This page doe5 not fom) part of the statuiory fulqncial statements Page 13