REGISTERED COMPANY NUMBER: CE004642 (England and Wales) REGISTERED CHARITY NUMBER: 1163476
SHREWSBURY CHRISTIAN CENTRE ASSOCIATION
TRUSTEES' REPORT AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
SHREWSBURY CHRISTIAN CENTRE ASSOCIATION
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
| Page | |
|---|---|
| Reference and Administrative Details | 1 |
| Trustees' Report | 2 to 6 |
| Independent Examiner's Report | 7 |
| Statement of Financial Activities | 8 |
| Statement of Financial Position | 9 to 10 |
| Notes to the Financial Statements | 11 to 19 |
SHREWSBURY CHRISTIAN CENTRE ASSOCIATION
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 30 SEPTEMBER 2024
TRUSTEES
TRUSTEES Mrs E J Bell Ms H J Shaw I P Somervaille CBE A R Sharpe (resigned 19.10.23) Ms A L Waddington-Feather Ms E A Gregory (resigned 24.1.24) J N Davies CEng FICE M E Matthews (resigned 30.9.24) M Haffenden Mrs J Robinson ACA BFP Mr R Jenkins REGISTERED OFFICE 32 Caste Foregate Shrewsbury Shropshire SY1 2EH REGISTERED COMPANY CE004642 (England and Wales) NUMBER REGISTERED CHARITY 1163476 NUMBER
INDEPENDENT EXAMINER TCA (Shrewsbury) LLP Third Floor 21 St Mary's Street Shrewsbury Shropshire SY1 1ED SOLICITORS Wace Morgan 21 St Mary's Street Shrewsbury SY1 1ED BANKERS CAF Bank Ltd - 25 Kings Hill Avenue, Kings Hill, West Malling, Kent, ME19 4JQ Barclays Bank plc - 44/46 Castle Street, Shrewsbury, SY1 2BU
CCLA Investment Management Ltd - Senator House, 85 Queen Victoria Street, London, EC4V 4ET
Page 1
SHREWSBURY CHRISTIAN CENTRE ASSOCIATION
TRUSTEES' REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 September 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement 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) (effective 1 January 2019).
The Shrewsbury Christian Centre Association - A Charitable Incorporated Organisation registered by the Charity Commission for England & Wales, No 1163476
The charity is better known locally as The Shrewsbury Ark.
The principal address is that of the Shrewsbury Ark - 32 Castle Foregate, Shrewsbury SY1 2EH.
OBJECTIVES AND ACTIVITIES
Objectives and aims
Shrewsbury Christian Centre Association (registered Charity no 1163476) is a Charitable Incorporated Organisation first registered on 8th September 2015 whose objectives, set out in its Constitution adopted on 22nd June 2015, are to relieve persons in necessitous circumstances by the provision of:
The objectives of the charity are to relieve persons in necessitous circumstances by the provision of:
(i) A Care Centre for the needy;
(ii) When appropriate, additional day and night facilities with the aim of offering practical Christian concern for the needy;
(iii) A Night Shelter for homeless people.
The charity has only been operating as a CIO since 2015, but in its unincorporated form (Charity Registered No 501881, now wound up) the charity has been in existence since 1973.
Significant activities
In the 12 months under review, the Shrewsbury Christian Centre Association (SCCA) has continued to operate the Shrewsbury Ark, as a referrals only day centre for homeless people close to the Town Centre in Shrewsbury. The Shrewsbury Ark delivers the first of the charity's three objectives and contributes to delivery of the second. The charity does not at present run a Night Shelter.
The premises of the Shrewsbury Ark are open daily on weekdays to people experiencing rough sleeping throughout Shropshire; to offer help and advice, work with Housing Agencies and Shropshire Council to find homes for the homeless and to continue to support those who have been so helped, as they settle in.
The Ark staff also liaise with local Drug, Alcohol and Substance Abuse Teams,local Mental Health Teams and Shropshire Council RESET team to provide appropriate services
In partnership with the local Primary Care Trust, we make medical advice available to those for whom GP Surgeries may appear unwelcoming or judgmental.
We offer limited meals to those referred who have no other source of hot food, together with snacks and beverages to anyone who needs them. The Ark also provides shower and toilet facilities, laundry facilities, access to a phone and IT, a place for official meetings and a care of address for mail.
Above all, however, the Ark offers non-judgmental care and support to those referred to us.
SCCA was founded in 1973. It ran then, and still runs, on Christian principles but there is no discrimination against any who wish to use the charity's services on grounds of religion (or lack of it) or any other diversity. This policy of non-discrimination applies equally to paid staff and volunteers.
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SHREWSBURY CHRISTIAN CENTRE ASSOCIATION
TRUSTEES' REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024
OBJECTIVES AND ACTIVITIES Public benefit
Taking account of the Charity Commission's guidance the Trustees have no doubt that the Ark, being a unique service in the Town and surrounding area, provides a significant and proven Public Benefit.
ACHIEVEMENT AND PERFORMANCE Charitable activities
The Shrewsbury Ark
During the year to September 2024 the Ark day centre continued to serve clients who had been verified by Shropshire Council's Rough Sleepers Team. This means that our team has focused its support on those most in need of our facilities and care. We continue to provide necessities like hot food, laundry and bathroom facilities and access to the internet in a relaxed and informal atmosphere.
Many of our clients have an intense dislike of bureaucracy and officialdom; an alarming number have mental health diagnoses and learning disabilities which makes completing official forms difficult; and a high proportion have health issues resulting from addiction, alcohol and/or inadequate living conditions.
The more focused approach working with fewer clients with the greatest needs has allowed the staff and volunteers to engage closely with those who have real and current problems in their lives and the will to address them, whilst still offering a warm welcome, friendship and support.
The weekly visit by a local GP has continued which enables many clients to receive medical advice and treatment that they simply would not have sought before.
We continue to work closely with the RESET service - a multi-disciplinary team funded by Shropshire Council - and the council's Rough Sleeper team to offer a safe space for us to provide cohesive and effective support to our clients.
The wider range of health and care agencies continue the arrangements to deliver their services to our clients on our premises, where the clients are more comfortable and where they are more likely to keep their appointments.
We have also been able to offer many additional activities to our clients such as boxing, fishing, pamper days, cooking, one to one literacy lessons and crafting.
The new strategy of working only with verified rough sleepers who have been referred into our service has been extremely effective in cutting down instances of anti-social behaviour in and around our Ark, making a far safer environment for our staff, volunteers and clients.
Focusing on fewer, high need individuals has also had far more positive outcomes for our clients in terms of moving forwards with their lives.
Staffing
Our work with the Cranfield Trust in 2023 identified many key operational tasks that were currently being carried out by volunteers (mainly trustees) but that were of such importance to the organisation that they needed to be performed by members of staff.
As a result, two new roles were created and recruited: Charity Director and Charity Co-ordinator. The expectation is that in addition to ensuring the smooth administrative running and governance of the organisation, these members of staff would also raise enough funds to cover the costs of their salaries. As a result, Abbie King was appointed Director in March 2024 and Kim Tunbridge was made Fund Raising Manager at the same time.
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SHREWSBURY CHRISTIAN CENTRE ASSOCIATION
TRUSTEES' REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024
ACHIEVEMENT AND PERFORMANCE
The Ark Charity Shop
The purpose of the Ark Shop is to underwrite SCCA's charitable objectives and has provided an income stream which helps to fund our services to our clients. However, under difficult trading conditions the shop was reporting a loss in 2024 and the new director identified it as an area for improvement with a high potential for increased income.
In June 2024 a new shop manager was appointed, and a modest shop refit was carried out to give the shop the best chance of making an impact on the high street. A substantial amount of time was also spent identifying higher price point items which were listed online.
Much effort has gone into the reboot of the shop and the Trustees remain extremely grateful for the work of the Shop Manager and her volunteer staff for their invaluable contribution.
FINANCIAL REVIEW
Financial position
We have experienced a more challenging year for raising income for the charity. We are very pleased that the generous donations of the public have been maintained at levels seen in previous years, however, we have seen a drop off in grant awards. In difficult financial times there is more demand from all charities on grant making bodies, trusts and also on our local council. We also decided to invest in a Charity CEO and dedicated fundraiser to ensure that we were prepared for these more challenging times. There is still the impact of increased utilities costs on both the shop and the Day Centre. As highlighted in the Trustees report, our priorities are now to stabilise and maintain our financial position, controlling expenditure and to continue to source funds in order to deliver our day-to-day services.
Reserves
We have continued our reserve policy of at least £55,000 during this year, which has not quite been met in this financial year. The board continue to monitor and review this throughout the year ended 30 September 2025.
At 30 September 2024, the free reserves of the charity, calculated as unrestricted funds less designated funds, and fixed assets were a surplus of £54,136. (2023: surplus £68,982).
Sustainability
The Trustees are satisfied that the present activities of the Charity represent a viable and sustainable project for the foreseeable future provided, of course, that donations and grants continue to be received at more or less the present rate, and provided that no extreme and unexpected financial commitments arise. Sufficient funds are available as Reserves (see previous paragraph) to act as a buffer should unexpected financial tribulations affect the Charity. We will continue to maintain a regular and careful review of income and expenditure throughout the year, so that appropriate steps can be taken to increase the former, and/or reduce the latter, if it appears necessary. Plans for the future (see below) need to be seen in this context.
FUTURE PLANS
As outlined above during late 2023 our approach has changed to a referral basis and this continues to provide results for our clients with successes leading to more 'categories' of client being opened up. The staff structure changes to include an overall Charity Director and Charity Coordinator in 2024 meaning that each of the shop and day centre managers are able to concentrate on their own areas, with the new roles overseeing both and the operation of the charity as a whole. At present there are no plans to create any extra building changes within the Ark.
To provide a further update, we have reviewed the performance of our shop and have decided not to renew the lease that was coming up for renewal at the end of 2025. This has unfortunately, resulted in two redundancies. However, the financial impact on the charity will be significantly positive once the closing costs have been absorbed.
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SHREWSBURY CHRISTIAN CENTRE ASSOCIATION
TRUSTEES' REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
The charity is a Charitable Incorporated Organisation ("CIO") first registered on 8th September 2015 under a constitution approved by the Charity Commission and adopted by the membership of the previous (unincorporated) SCCA at a General Meeting on 22nd June 2015
The charity has only been operating as a CIO since 2015, but in its unincorporated form (Charity Registered No 501881, now wound up) the charity has been in existence since 1973.
Recruitment and appointment of new trustees
The Chairman of Trustees is appointed by Churches Together in Shrewsbury; other Officers and Trustees are elected at a General Meeting. Additional Trustees may be co-opted by the Committee to take advantage of particular skills and qualifications. The charity enjoys the patronage of Rt Rev'd Sarah Bullock (Bishop of Shrewsbury), of Rev'd Christopher Walker (former Chairman), and of Marcus Bean (Celebrity Chef) and his wife Jenny.
Decision making
The purposes for, and the policies adopted by, the charity are set and their implementation is supervised by a small number of dedicated volunteer Trustees, all of whom take an active interest in the services provided by the Ark; indeed, some Trustees also volunteer on the "shop floor". Day-to-day activities in the Ark and the Shop are managed by the respective Managers who direct and supervise their staff and volunteers.
The charity's principal project is the Shrewsbury Ark which incorporates a Day Centre for homeless and vulnerable people close to the Town Centre of Shrewsbury.
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SHREWSBURY CHRISTIAN CENTRE ASSOCIATION
TRUSTEES' REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024
TRUSTEES' RESPONSIBILITY STATEMENT
The trustees (who are also the directors of Shrewsbury Christian Centre Association for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
24/07/2025
Approved by order of the board of trustees on............................................... and signed on its behalf by:
................................................................. Mrs E J Bell - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SHREWSBURY CHRISTIAN CENTRE ASS CIATION Independent examinerfs report to the trusl•os of Shrewsbury Chrlstian Centre AfA)clatlon I'the Company'l I report to the charity trustees on my exwnin#?n of the acclwnts of the Comp8ny for the year ended 30 September 2024. Responslbilities and basls of report As the charrty's trustees of the Company land also rt8 directtys for the PUTPOS8S of company lawl you afa respon$thle for the Pfeparalion of the accounts in 0[an wrth the requirement8 of the CoMpanS A 20061'lhe 2006 Aci'l. Having 58tisfied mysew that the accounts of the Company ar• not required to be audited under Part 16 of the 20C6 Act and are el1b for independent examin8lK)n. I report In respect ol my 8xaminalion of your charity's accounts as ¢arrigd out under Sectv)n 145 01 the Charits Act 2011 I'the 2011 A¢t'l. In carrying out my examinion I have foll the Directions given by the Charity CommisS)n under Section 145151 Ibl of the 2011 Act. Indepgnd•nt •xaminerfg $t•tom•nt Since your charty's 9ros5 income ex¢ed £250.(M)) your oxaminér mu8t be a mamber of a lislod body. I can confirm that l am qualifd to undertake the examination because l am è rrember of the Inslrtulo of Chartered Accountants in England and Waks, whh is ¢Jne of th6 Iisle(J bod5. I have completed my examination. I confim that no rnatt have conx to ry att8nlw in conneCtn with Ihg Oxaminaiion giving me cause to believe". accounting lerdS were not kept In resp8Ct of the C¢J)yny 88 required by Sectwjn 386 01 the 20C6 Act, or th8 accounts Oo not accord wrth those records.. or the aOuntS do not Comply wrth the accounting requirements of Section 396 of thè 2006 Act other than any requiremonl that the accounts a true and fair vivw whth not a maiter nSIdered as part ol an in¢Jependent examination., or the accounts have not been prepared in accdance vnth the methods and principle8 of the Statement of Recomrnended Pract? for accounling and rep)rting by chanties (applicable lo charities preparing their accounts in accordance wrth the Financi81 Reporting Standard appli¢abLg in the UK and Republic of Iand IFRS 1021). I have no concerns and have across no other matters in cOnnectn wrth the examination to whh attention should be drnwn in this reF<)rt in order to enabte a proper understanding of the accounts to be reached C MoeWn-Wlliams Bsc FCA TCA Ishrewsburyl LLP Third Floor 21 St Mary's Street Shrewsbury Shropshire SY1 1ED Page 7
SHREWSBURY CHRISTIAN CENTRE ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2024
| Notes Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 200,771 Other trading activities 3 29,413 Investment income 4 2,229 Other income 2,084 Total 234,497 EXPENDITURE ON Raising funds 23,985 Charitable activities General 323,812 Total 347,797 NET INCOME/(EXPENDITURE) (113,300) Transfers between funds 14 30,346 Net movement in funds (82,954) RECONCILIATION OF FUNDS Total funds brought forward 722,380 TOTAL FUNDS CARRIED FORWARD 639,426 |
Restricted funds £ 20,000 - - - 20,000 - 3,445 3,445 16,555 (30,346) (13,791) 33,791 20,000 |
2024 Total funds £ 220,771 29,413 2,229 2,084 254,497 23,985 327,257 351,242 (96,745) - (96,745) 756,171 659,426 |
2023 Total funds £ 360,028 30,197 1,625 907 |
|---|---|---|---|
| 392,757 | |||
| 22,806 306,856 |
|||
| 329,662 | |||
| 63,095 - |
|||
| 63,095 693,076 |
|||
| 756,171 |
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.
The notes form part of these financial statements
Page 8
SHREWSBURY CHRISTIAN CENTRE ASSOCIATION
STATEMENT OF FINANCIAL POSITION 30 SEPTEMBER 2024
| Notes FIXED ASSETS Tangible assets 9 Investments 10 CURRENT ASSETS Debtors 11 Investments 12 Cash at bank and in hand CREDITORS Amounts falling due within one year 13 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS Unrestricted funds 14 Restricted funds TOTAL FUNDS |
Unrestricted funds £ 585,290 - 585,290 14,088 18,495 37,859 70,442 (16,306) 54,136 639,426 639,426 |
Restricted funds £ - - - - - 20,000 20,000 - 20,000 20,000 20,000 |
2024 Total funds £ 585,290 - 585,290 14,088 18,495 57,859 90,442 (16,306) 74,136 659,426 659,426 639,426 20,000 659,426 |
2023 Total funds £ 598,168 16,411 614,579 32,252 - 113,066 145,318 (3,726) 141,592 756,171 756,171 722,380 33,791 756,171 |
|---|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
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SHREWSBURY CHRISTIAN CENTRE ASSOCIATION
STATEMENT OF FINANCIAL POSITION - continued 30 SEPTEMBER 2024
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............2..4./.0..7../.2..0.2..5.....and were signed on its behalf by:
............................................. Mrs E J Bell - Trustee
The notes form part of these financial statements
Page 10
SHREWSBURY CHRISTIAN CENTRE ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
Financial reporting standard 102 - reduced disclosure exemptions
The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
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the requirements of Section 7 Statement of Cash Flows;
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the requirement of paragraph 3.17(d);
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the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
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the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A;
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the requirement of paragraph 33.7.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Grants from the government and other agencies have been included as 'Grants' in furtherance of the charity's objects.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
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Computer Equipment - 50% in year of acquisition, then 2 years straight line
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- Fixtures and Fittings - 50% in year of acquisition, then 5 years straight line - Vehicles - 25% reducing balance - Land and Buildings - 2% straight line
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
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SHREWSBURY CHRISTIAN CENTRE ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1. ACCOUNTING POLICIES - continued
Fund accounting
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Redundancy and termination payments
Redundancy and termination costs are recognised as an expense in the Statement of Financial Activities and a liability in the Statement of Financial Position immediately at the point the charity is committed to either: terminate the employment of an employee or group of employees before normal retirement date; or provide termination benefits as a result of an offer made in order to encourage voluntary redundancy.
Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
2. DONATIONS AND LEGACIES
| Donations Gift aid Legacies Grants |
2024 £ 156,160 5,211 26,800 32,600 220,771 |
2023 £ 167,950 662 3,735 187,681 360,028 |
|---|---|---|
Grants received, included in the above, are as follows:
| General grant Government grant |
2024 £ 30,000 2,600 32,600 |
2023 £ 130,975 56,706 187,681 |
|---|---|---|
Included within grant income shown above is funding received from Shropshire Council, a grant received from the Local Authorities during the financial year.
Apart from the annual Employment Allowance credit against Employers National Insurance, the charity has received no other financial assistance from the Government in this financial period.
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SHREWSBURY CHRISTIAN CENTRE ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2024
3. OTHER TRADING ACTIVITIES
| 3. OTHER TRADING ACTIVITIES |
||
|---|---|---|
| Shop income 4. INVESTMENT INCOME Bank interest received |
2024 £ 29,413 2024 £ 2,229 |
2023 £ 30,197 2023 £ 1,625 |
5. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| Depreciation - owned assets Deficit on disposal of fixed assets |
2024 £ 16,037 588 |
2023 £ 18,969 408 |
|---|---|---|
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 September 2024 nor for the year ended 30 September 2023.
Trustees' expenses
During the year a trustee was reimbursed in total £344 for charity expenses that were paid for personally on behalf of the charity. (2023: £nil).
7. STAFF COSTS
| Wages and salaries Social security costs Other pension costs |
2024 £ 202,994 12,656 4,256 219,906 |
2023 £ 194,707 6,528 3,323 204,558 |
|---|---|---|
The total remuneration and benefits paid to the key management personnel, to whom the Trustees delegate the day-to-day running of the charity was £22,448. This includes the Charity Director, appointed in March 2024.
Included within Other Staff Costs under Raising Donations and Legacies are redundancy payments of £5,000. At 30 September 2024, there were no outstanding redundancy payments due.
The average monthly number of employees during the year was as follows:
| Full time staff Part time staff |
2024 6 3 9 |
2023 8 2 |
|---|---|---|
| 10 |
No employees received emoluments in excess of £60,000.
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SHREWSBURY CHRISTIAN CENTRE ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2024
| 8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 342,936 Other trading activities 30,197 Investment income 1,625 Other income 907 Total 375,665 EXPENDITURE ON Raising funds 22,806 Charitable activities General 289,413 Total 312,219 NET INCOME/(EXPENDITURE) 63,446 RECONCILIATION OF FUNDS Total funds brought forward 658,934 TOTAL FUNDS CARRIED FORWARD 722,380 9. TANGIBLE FIXED ASSETS Fixtures Freehold property and fittings Motor vehicles £ COST At 1 October 2023 613,391 £ 13,953 £ 11,900 Additions - 1,896 - Disposals - - (11,900) At 30 September 2024 613,391 15,849 - DEPRECIATION At 1 October 2023 22,902 8,412 10,312 Charge for year 12,268 2,069 - Eliminated on disposal - - (10,312) At 30 September 2024 35,170 10,481 - NET BOOK VALUE At 30 September 2024 578,221 5,368 - At 30 September 2023 590,489 5,541 1,588 |
Restricted funds £ 17,092 - - - 17,092 - 17,443 17,443 (351) 34,142 33,791 Computer equipment £ 5,110 2,851 - 7,961 4,560 1,700 - 6,260 1,701 550 |
Total funds £ 360,028 30,197 1,625 907 392,757 22,806 306,856 329,662 63,095 693,076 756,171 Totals £ 644,354 4,747 (11,900) 637,201 46,186 16,037 (10,312) 51,911 585,290 598,168 |
Total funds £ 360,028 30,197 1,625 907 |
|---|---|---|---|
| 392,757 | |||
| 22,806 306,856 |
|||
| 329,662 | |||
| 63,095 693,076 |
|||
| 756,171 |
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SHREWSBURY CHRISTIAN CENTRE ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024
10. FIXED ASSET INVESTMENTS
| FIXED ASSET INVESTMENTS | |
|---|---|
| Listed | |
| investments | |
| £ | |
| MARKET VALUE | |
| At 1 October 2023 | 16,411 |
| Revaluations | 2,084 |
| Reclassification/transfer | (18,495) |
| At 30 September 2024 | - |
| NET BOOK VALUE | |
| At 30 September 2024 | - |
| At 30 September 2023 | 16,411 |
| There were no investment assets outside the UK. 11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Other debtors Accrued income Prepayments 12. CURRENT ASSET INVESTMENTS Listed investments 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Social security and other taxes Other creditors Accruals and deferred income |
2024 £ 2,600 288 5,211 5,989 14,088 2024 £ 18,495 2024 £ 7,533 4,878 1,121 2,774 16,306 |
2023 £ 26,277 2,287 - 3,688 32,252 2023 £ - 2023 £ 523 - 551 2,652 3,726 |
||
|---|---|---|---|---|
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SHREWSBURY CHRISTIAN CENTRE ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2024
14. MOVEMENT IN FUNDS
| Unrestricted funds Ark - Unrestricted Shop - Unrestricted Outreach Fund - Designated Daz Funeral Fund - Designated Restricted funds Moving On Fund Lawrence Edbrooke Fund The National Lottery Waterloo Foundation Street Homeless Accommodation TOTAL FUNDS Net movement in funds, included in the above |
At 1.10.23 £ 674,583 3,978 42,046 1,773 722,380 21,519 3,425 5,000 3,847 - 33,791 756,171 are as follows: |
Net movement in funds £ (54,362) (16,892) (42,046) - (113,300) - (3,425) - (20) 20,000 16,555 (96,745) |
Transfers between funds £ 32,119 - - (1,773) 30,346 (21,519) - (5,000) (3,827) - (30,346) - |
At 30.9.24 £ 652,340 (12,914) - - 639,426 - - - - 20,000 20,000 659,426 |
|---|---|---|---|---|
| Unrestricted funds Ark - Unrestricted Shop - Unrestricted Outreach Fund - Designated Restricted funds Lawrence Edbrooke Fund Waterloo Foundation Street Homeless Accommodation TOTAL FUNDS |
Incoming resources £ 202,669 31,828 - 234,497 - - 20,000 20,000 254,497 |
Resources expended £ Movement in funds £ (257,031) (54,362) (48,720) (16,892) (42,046) (42,046) (347,797) (113,300) (3,425) (3,425) (20) (20) - 20,000 (3,445) 16,555 (351,242) (96,745) |
|---|---|---|
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SHREWSBURY CHRISTIAN CENTRE ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2024
14. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds Ark - Unrestricted Shop - Unrestricted Outreach Fund - Designated Mrs J B Wightman Fund - Designated Daz Funeral Fund - Designated Restricted funds Moving On Fund Lawrence Edbrooke Fund The National Lottery Waterloo Foundation TOTAL FUNDS |
At 1.10.22 £ 596,097 3,339 57,505 - 1,993 658,934 28,517 5,625 - - 34,142 693,076 |
Net Transfers movement between At in funds funds 30.9.23 £ £ £ 79,699 (1,213) 674,583 639 - 3,978 (15,459) - 42,046 (1,213) 1,213 - (220) - 1,773 63,446 - 722,380 (6,998) - 21,519 (2,200) - 3,425 5,000 - 5,000 3,847 - 3,847 (351) - 33,791 63,095 - 756,171 |
|---|---|---|
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds Ark - Unrestricted Shop - Unrestricted Outreach Fund - Designated Mrs J B Wightman Fund - Designated Daz Funeral Fund - Designated Restricted funds Moving On Fund Lawrence Edbrooke Fund The National Lottery Waterloo Foundation TOTAL FUNDS |
Incoming resources £ 341,342 34,323 - - - 375,665 - - 10,000 7,092 17,092 392,757 |
Resources expended £ Movement in funds £ (261,643) 79,699 (33,684) 639 (15,459) (15,459) (1,213) (1,213) (220) (220) (312,219) 63,446 (6,998) (6,998) (2,200) (2,200) (5,000) 5,000 (3,245) 3,847 (17,443) (351) (329,662) 63,095 |
|---|---|---|
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SHREWSBURY CHRISTIAN CENTRE ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2024
14. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds Ark - Unrestricted Shop - Unrestricted Outreach Fund - Designated Mrs J B Wightman Fund - Designated Daz Funeral Fund - Designated Restricted funds Moving On Fund Lawrence Edbrooke Fund The National Lottery Waterloo Foundation Street Homeless Accommodation TOTAL FUNDS |
At 1.10.22 £ 596,097 3,339 57,505 - 1,993 658,934 28,517 5,625 - - - 34,142 693,076 |
Net movement in funds £ 25,337 (16,253) (57,505) (1,213) (220) (49,854) (6,998) (5,625) 5,000 3,827 20,000 16,204 (33,650) |
Transfers between funds £ 30,906 - - 1,213 (1,773) 30,346 (21,519) - (5,000) (3,827) - (30,346) - |
At 30.9.24 £ 652,340 (12,914) - - - 639,426 - - - - 20,000 20,000 659,426 |
|---|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds Ark - Unrestricted Shop - Unrestricted Outreach Fund - Designated Mrs J B Wightman Fund - Designated Daz Funeral Fund - Designated Restricted funds Moving On Fund Lawrence Edbrooke Fund The National Lottery Waterloo Foundation Street Homeless Accommodation TOTAL FUNDS |
Incoming resources £ 544,011 66,151 - - - 610,162 - - 10,000 7,092 20,000 37,092 647,254 |
Resources expended £ Movement in funds £ (518,674) 25,337 (82,404) (16,253) (57,505) (57,505) (1,213) (1,213) (220) (220) (660,016) (49,854) (6,998) (6,998) (5,625) (5,625) (5,000) 5,000 (3,265) 3,827 - 20,000 (20,888) 16,204 (680,904) (33,650) |
|---|---|---|
DESIGNATED FUNDS
The Trustees have designated funds from the charity's unrestricted assets as follows:
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SHREWSBURY CHRISTIAN CENTRE ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2024
14. MOVEMENT IN FUNDS - continued
Outreach Funds consist of grants received during the prior year from Shropshire Council's public funds explicitly to finance the provision of a new Outreach Service to provide responsive support to rough sleepers in the County, less expenditure incurred in implementing that service.
The Daz Funeral Fund was created from donations received following the death of a client. As the total of those donations was greater than the costs that needed to be met for his funeral, the balance has been retained to defray comparable costs for other clients in future. The board agreed that these funds are to be released in the year ended 30 September 2024.
RESTRICTED FUNDS
The charity's Restricted Funds are:
The Lawrence Edbrooke Fund which provides help for clients of the Ark to move into new, permanent accommodation.
The "Moving On" Fund which received grants from a number of sources to contribute to the costs of moving clients into permanent accommodation in the wake of the COVID-19 pandemic.
The National Lottery Fund - funding received to support the purchase of a commercial dishwasher, washing machine and associated installation costs. These assets were purchased in September 2023.
The Waterloo Foundation - funding provided specifically to assist those who have accommodation with energy and utility costs. With agreement from the funder, these funds were released in 2024 to support with the day-to-day running costs of the charity.
Street Homeless Accommodation - In 2024, the charity received legacy income of £20,000, restricted towards the provision of accommodation for individuals who have been made street homeless. This has been spent in the year ended 30 September 2025, creating 10 dedicated beds and a warm inviting space, utilised for the first time in Winter 2024 and available for many years to come.
15. EMPLOYEE BENEFIT OBLIGATIONS
The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £4,255 (2023: £3,323) Contributions totalling £1,121 (2023: £551) were payable to the fund at the balance sheet date.
16. RELATED PARTY DISCLOSURES
During the year donations of £840 (2023: £1,200) were received from Trustees.
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