2024-08-31-accounts

Ridgeway Community Church Report and Accounts Year ended 31st August 2024

Charity number: 1169035 RIDGEWAY COMMUNITY CHURCH

Report and Accounts For the year ended 31st August 2024

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS

Trustees

Mr William Bassett Mr Nigel Eady Mr Quillon K Harpham Mr Amal Joseph Mr Gareth Lloyd-Jones, Chair Mr Darrell Perrins, Treasurer Mr Martin B Shreeve

Notes

Mr Nigel Eady was appointed in February 2024 Mr David Locke resigned as a trustee in March 2024 Mr Amal Joseph was appointed in August 2024

Charity registered number

1169035

Principal office

22 St. Mary's Street, Wallingford, Oxon, OX10 0EW

Independent Examiner

Rev’d. A. A. Clements MA, ACIB, FCIE

Bankers

Barclays, 2 Market Place, Wallingford, Oxon, OX10 0EJ

Fit and Proper Persons

It is considered that the Trustees and any others who could be understood as managers in the activities and affairs of the Ridgeway Community Church are considered to be 'fit and proper' persons under the terms of the Finance Act 2010 and have completed declarations confirming this. Newly appointed Trustees and any others re-appointed as Trustees after a period of absence are given the opportunity to be thoroughly briefed as to the present position of the Ridgeway Community Church and its future plans on taking up their appointment. Trustee training is available as and when required.

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Charity number: 1169035 RIDGEWAY COMMUNITY CHURCH Trustees Report For the year ended 31st August 2024

TRUSTEES' REPORT

The Trustees present their annual report together with the financial statements of Ridgeway Community Church (the charity) for the year ended 31 August 2024. The Trustees confirm that the annual report and financial statements of the charity comply with the current statutory requirements, the requirements of the charity's governing document and the provisions of the Statement of Recommended Practice (SORP). The charity has opted to report under the provisions of the Financial Reporting Standard for Smaller Entities (FRSSE).

Structure, governance and management

a. CONSTITUTION

The charity is a CIO (Charity Incorporated Organisation).

b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES

The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Constitution. This year we have seen one trustee resign and two appointed.

c. ORGANISATIONAL STRUCTURE AND DECISION MAKING

The charity is administered by the church Elders. All the Trustees (excluding the Treasurer) are Elders. The Elders meet monthly with additional meetings being arranged as and when required. The Treasurer is responsible for administering the financial resources of the charity on a day to day basis. In this task he is assisted by two Assistant Treasurers, one for each church within the charity. The Assistant Treasurers are not Trustees of the charity.

d. EMPLOYEES

The church employed 9 people at the balance sheet date (prior year 8), three full-time, the rest part-time. Two Trustees are also employees, these are the pastors responsible for each church (Wallingford and Didcot). Employed trustees work as pastors and are paid for that service. This is permitted under the CIO governing document. The salaries paid to the two pastors are only for their pastoral duties and do not include any payments in respect of their being trustees of the Ridgeway Community Church charity. Three part-time employees are the wives of trustees. It is confirmed that no employee received a salary in excess of £60,000 for the year.

The church has a remuneration committee, made up of finance and trustee members. This committee meets annually to set church employee remuneration and when required to discuss and approve any interim pay changes or the pay levels for new roles.

The charity relies heavily on volunteers who do much of the work in supporting both the church and our work with the community. The trustees gratefully acknowledge this, without our volunteers the charity would not be able to function.

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For the year ended 31st August 2024

Charity number: 1169035 RIDGEWAY COMMUNITY CHURCH Trustees Report

TRUSTEES' REPORT (continued)

Objectives and Activities

a. OBJECTIVES

The principal object of the charity is the advancement of the Christian religion and the relief of those in need, in accordance with the teachings of Jesus Christ. The Trustees declare that they have had regard to the guidance issued by the Charity Commission on public benefit and are satisfied that the charity fulfils the criteria. This is considered in more detail in the next section.

b. ACTIVITIES FOR ACHIEVING OBJECTIVES

(including consideration of public benefit)

The charity functions as two churches, one based in Wallingford and one in Didcot. These hold services each Sunday (open to all) and serve the local community. Community engagement is via the Fountain Community Hub, Beacon Youth Project, the Community Fridge and various community groups that use our facilities. In addition we support Wallingford Street Pastors, the CAP Debt Centre (Wallingford and Didcot), and the Wallingford Food Bank.

The Community Hub

As outlined in previous reports, the charity converted what was previously a bookshop into a Coffee Shop and Community hub in 2021. The Hub is run by a committee with four members, including one trustee. It employs two part-time staff with the remainder of the work being covered by volunteers. The Cafe attracts a broad range of local groups and individuals, some with significant needs. Staff have undergone training in dealing with vulnerable adults and first aid in addition to Food Hygeine and Food Safety. The cafe holds a 5 star hygiene rating from the local inspector.

The local school continues to send pupils with behavoral or education issues to the Community Hub for work experience. There, they are able to work as part of a team learning valuable employment skills. The Community Fridge also operates from the Community Hub premesis.

The coffee shop element of the Hub makes a net loss (£16k in 2023/24) which is covered by the charity. We see this as money well spent on supporting the local community.

Grants paid

The charity continues to support various overseas charities both financially and with leadership guidance. These include Pastors in India, Jews for Jesus (Germany), Open Doors, and the Message Trust (South Africa). The charity also supports CAP (Christians Against Poverty debt service), both financially and with volunteer staff. A full list of external giving is provided within the accounts.

Kinetic Network

Seeking to work more closely with other similar churches, we have partnered with a group of like minded churches to form the Kinetic Network. This is a loose association, where best practise can be disseminated and expert resources shared. Our Senior Pastor and Trustee - Gareth Lloyd-Jones is planning to move to part-time working with Ridgeway Community Church and part-time with Kinetic. To replace his input we are looking to employ a full time Associate Pastor to work in the Wallingford Church.

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Charity number: 1169035 RIDGEWAY COMMUNITY CHURCH Trustees Report

For the year ended 31st August 2024

TRUSTEES' REPORT (continued)

c. RISK ASSESSMENT AND POLICIES

The charity maintains written policies on:

• Risk Managemnt - Health and Safety - Safeguarding - Volunteers - Financial Controls - Serious incident reporting - Expenses - Conflicts of Interest - Reserves - Data Protection

Risk assessments are carried out on both the church building owned in Wallingford and the facilities we rent for the Didcot congregation. An Accident Book is maintained and health and safety issues are timetabled for discussion at Trustees meetings.

If any conflcits of interest arise, the impacted Trustee leaves the meeting while the subject is discussed and decisions are reached, being informed of the outcome on returning, but not the details of the discussion.

The contents and obligations of the Equality Act 2010 and the 2018 General Data Protection Regulation are known and complied with to the best of the charity's ability. The charity is aware of its responsibilities in respect of the Regulatory Reform (Fire Safety) Order 2005 in its requirement to carry out a fire assessment to identify any possible dangers and risks, to take action to minimise the risks and to create a plan to deal with any emergencies, and also to write up and keep a record of its findings and to review its assessment annually. The fire detecton systems in the Wallingford building were recently fully updated and upgraded to meet new standards. The charity has appointed Timothy Sugar (Centre Manager) to be the responsible person to put these things into operation. There is a Safeguarding Policy in place in respect of children and vulnerable adults. Checks have been and are made with the Disclosure and Barring Service in respect of persons dealing regularly with young people and vulnerable adults. The appointed officer for this is Grant Mottram (who is based in Wallingford), assisted by Amy Ogle (who is based in Didcot). All those who work with children are required to attend local Authority Safeguarding training.

Whilst it is impossible to eliminate all risks and their consequences, efforts are constantly made to minimise such occurrences.

d. Financial Review

The accounts of the charity are presented in the following pages.

Income

Income was similar to the previous year (£305k vs £304k), with a similar makeup.

Expenses

Expenses increased considerably on the prior year (+14%). Much of this is costs returning to normal after savings in 23/24 due to staffing gaps which are now filled. Other cost increase drivers were: Utility costs - our very favourable utility supply contracts ended and were replaced with new ones at higher prices.

Maintenance and Equipment - building maintenance and replacing AV equipment that was worn out. The charity also invested in better furniture for the Community Hub as its success had worn out the initial set-up furniture.

Net Income

After a £27k surplus in 23/24, the charity posted a deficit of £12k for 23/24 reflecting higher spend against a flat income. See looking ahead below for more on this.

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Charity number: 1169035 RIDGEWAY COMMUNITY CHURCH Trustees Report For the year ended 31st August 2024

TRUSTEES' REPORT (continued)

Balance Sheet

Cash held fell by £7k. Some costs are non-cash (depreciation of the community hub refurbishment) reconciling this lower cash impact to the year's deficit. The closing cash balance (£103k) is comfortably ahead of our reserves policy and the trustees are looking to make strategic investments next year utilising some of this surplus.

Looking ahead

As noted in the Activities section, we are releasing our senior pastor part-time and looking to employ a full-time Associate Pastor. This has a net financial impact which the church members are content to supply. There may be some short-term impact on our finances due to this investment, but the underlying finances remain strong and well within our policies. We are expecting this investment will allow us to expand the work of the charity locally, while also contributing to other churches and recieving their input via the Kinetic Network.

b. GOING CONCERN

The trustees have confidence in classifying the charity as a going concern. We have a robust balance sheet and a committed membership.

c. INVESTMENT POLICY AND PERFORMANCE

No investments are held by the charity at the reporting date.

d. RESERVES POLICY

The charity reserves policy is to aim to maintain reserves at around 3 months worth of spending. Currently this would amount to about £79k. At year end the total bank balance is £104k. The charity plans to use this excess of reserves to invest in community support as outlined above

FUTURE DEVELOPMENTS

The succession planning at Wallingford outlined in last years report is coming together with our membership of Kinetic and plans for an Associate Pastor.

In Didcot we have had some leadership changes. New leaders are being developed and they may in time become Trustees of the charity.

The trustees are grateful that due to the on-going support of the church members, we are in a position to invest in additional staff time and activity to support those in need, both in our church membership and the local community.

Approved by the trustees and signed on their behalf by

Gareth Lloyd-Jones

G Lloyd-Jones, Chairman of Trustees

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Charity number: 1169035 RIDGEWAY COMMUNITY CHURCH Independent Examiners Report For the year ended 31st August 2024

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Charity No (if any) 1169035 Period start date 01/09/2023 To Period end date 31/08/2024 Charity Name:Ridgeway Community Church Annual accounts for the period *————————— FOR ENGLAND AND WALES	Charity No (if any) 1169035 Period start date 01/09/2023 To Period end date 31/08/2024 Charity Name:Ridgeway Community Church Annual accounts for the period *————————— FOR ENGLAND AND WALES	Charity No (if any) 1169035 Period start date 01/09/2023 To Period end date 31/08/2024 Charity Name:Ridgeway Community Church Annual accounts for the period *————————— FOR ENGLAND AND WALES	Charity No (if any) 1169035 Period start date 01/09/2023 To Period end date 31/08/2024 Charity Name:Ridgeway Community Church Annual accounts for the period *————————— FOR ENGLAND AND WALES	Charity No (if any) 1169035 Period start date 01/09/2023 To Period end date 31/08/2024 Charity Name:Ridgeway Community Church Annual accounts for the period *————————— FOR ENGLAND AND WALES	Charity No (if any) 1169035 Period start date 01/09/2023 To Period end date 31/08/2024 Charity Name:Ridgeway Community Church Annual accounts for the period *————————— FOR ENGLAND AND WALES	Charity No (if any) 1169035 Period start date 01/09/2023 To Period end date 31/08/2024 Charity Name:Ridgeway Community Church Annual accounts for the period *————————— FOR ENGLAND AND WALES	Charity No (if any) 1169035 Period start date 01/09/2023 To Period end date 31/08/2024 Charity Name:Ridgeway Community Church Annual accounts for the period *————————— FOR ENGLAND AND WALES	Charity No (if any) 1169035 Period start date 01/09/2023 To Period end date 31/08/2024 Charity Name:Ridgeway Community Church Annual accounts for the period *————————— FOR ENGLAND AND WALES	Charity No (if any) 1169035 Period start date 01/09/2023 To Period end date 31/08/2024 Charity Name:Ridgeway Community Church Annual accounts for the period *————————— FOR ENGLAND AND WALES	Charity No (if any) 1169035 Period start date 01/09/2023 To Period end date 31/08/2024 Charity Name:Ridgeway Community Church Annual accounts for the period *————————— FOR ENGLAND AND WALES	Charity No (if any) 1169035 Period start date 01/09/2023 To Period end date 31/08/2024 Charity Name:Ridgeway Community Church Annual accounts for the period *————————— FOR ENGLAND AND WALES	ae
Section A Statement of financial activities	Section A Statement of financial activities						Section A Statement of financial activities
Recommended categories by activity Incoming resources (Note 3)		Guidance Notes	Unrestricted funds £ F01		Unrestricted Restricted income funds £ F02		Restricted	Endowment funds £ F03		Total funds £ F04		Prior year funds £ F05
Income and endowments from:
Donations and legacies		S01		262,300		-			-		262,300	242,812
Charitable activities		S02		30,003		12,839			-		42,842	60,785
Other trading activities		S03		-					-		-	-
Investments		S04		-							-	-
Separate material item of income		S05		-					-		-	-
Other		S06		-					-		-	-
Total		S07		292,303		12,839			-		305,142	303,597
Resources expended (Note 6)
Expenditure on:
Raising funds		S08		-		-			-		-	-
Charitable activities		S09		276,936		12,839			-		289,775	255,165
Separate material item of expense		S10		27,524		-			-		27,524	21,532
Other		S11		-		-			-		-	-
Total		S12		304,460		12,839			-		317,299	276,697
Net income/(expenditure) before investment	Net income/(expenditure) before investment
gains/(losses)		S13	-	12,157 -		-			-	-	12,157 -	26,900
Net gains/(losses) on investments		S14		-		-			-		-	-
Net income/(expenditure)		S15	-	12,157 -		-			-	-	12,157 -	26,900
Extraordinary items		S16		-		-			-		-	-
Transfers between funds		S17							-		-	-
Other recognised gains/(losses):
Gains and losses on revaluation of fixed assets for the charity’s own use		S18		-		-			-		-	-
Other gains/(losses)		S19		-		-			-		-	-
Net movement in funds		S20	-	12,157 -		-			-	-	12,157 -	26,900
Reconciliation of funds:
Total funds brought forward		S21		1,580,915		6,000			-		1,586,915	1,560,015
Total funds carried forward		S22		1,568,758		6,000			-		1,574,758	1,586,915

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Section B Balance sheet

Fixed assets Intangible assets (Note 15) Tangible assets (Note 14) Heritage assets (Note 16) Investments (Note 17) Total fixed assets Current assets Stocks (Note 18) Debtors (Note 19) Investments (Note 17.4) Cash at bank and in hand (Note 24) Total current assets Creditors: amounts falling due within one year (Note 20) Net current assets/(liabilities) Total assets less current liabilities Creditors: amounts falling due after one year (Note 20) Provisions for liabilities Total net assets or liabilities Funds of the Charity Endowment funds (Note 27) Restricted income funds (Note 27) Unrestricted funds Revaluation reserve Total funds Signed by one or two trustees on behalf of all the trustees	Guidance Notes B01 B02 B03 B04 B05 B06 B07 B08 B09 B10 B11 B12 B13 B14 B15 B16 B17 B18 B19 B20 B21	Unrestricted funds £ F01 - 1,452,071 - -	Restricted income funds £ F02 - - -	Endowment funds Total this year £ £ F03 F04 - - - 1,452,071 - - - -	Total last year £ F05
					- 1,459,604 - -
		1,452,071	-	- 1,452,071	1,459,604
		- 21,726 94,830	- 8,684	- - - 21,726 - - - 103,514
					- 17,320 - 110,704
		116,556	8,684	- 125,240	128,024
					713
		2,553	-	- 2,553
		114,003	8,684	- 122,687	127,311
		1,566,074	8,684	- 1,574,758	1,586,915
					- -
		- -	- -	- - - -
		1,566,074	8,684	- 1,574,758	1,586,915
		- 1,566,074	8,684	- 8,684 - 1,566,074 -
					- 8,684 1,578,231 -
		1,566,074	8,684	- 1,574,758	1,586,915
		Signature* Gareth Lloyd-Jones Darrell Perrins		Gareth Lloyd-jones (Chairman) Darrell Perrins (Treasurer) Print Name	Date of approval dd/mm/yyyy 23/05/2025 23/05/2025

• To reduce fraud, the charity has taken advantage of the concession to publish unsigned copies of the accounts and IE Report. The charity retains signed copies, these are available on request.

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Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with:

						the Statement of Recommended Practice: Accounting and Reporting by Charities
•	and	with*				preparing their accounts in accordance with the Financial Reporting Standard
						applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014
•	and	with*				the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102)
•	and	with the	Charities		Act 2011.

The charity constitutes a public benefit entity as defined by  FRS 102.*

• -Tick as appropriate

1.2 Going concern

If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:

Where accounts are not prepared on a going concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern. Disclosure of any uncertainties that make the going concern assumption doubtful; An explanation as to those factors that support the conclusion that the charity is a going concern;	The charity has been funded by donations and charitable activity income for >60 years. There is no evidence to suggest this position will change in the foreseeable future. Not applicable None

1.3 Change of accounting policy

The accounts present a true and fair view and the accounting policies adopted are those outlined in note 2

Yes* 
No*
Please disclose:
(i) the nature of the change in accounting policy;		None
(ii) the reasons why applying the new accounting policy
provides more reliable and more relevant information;
and
(iii) the amount of the adjustment for each line affected
in the current period, each prior period presented and
the aggregate amount of the adjustment relating to
periods before those presented, 3.44 FRS 102 SORP.

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Section C Notes to the accounts

Note 1 continued

1.4 Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).

Yes  No

Please disclose:

(i) the nature of any changes; (ii) the effect of the change on income and expense or assets and liabilities for the current period; and (iii) where practicable, the effect of the change in one or more future periods.

1.5 Material prior year errors

No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).

==> picture [547 x 276] intentionally omitted <==

----- Start of picture text -----
Yes 
No
Please disclose:
(i) the nature of the prior period error;
(ii) for each prior period presented in the accounts, the
amount of the correction for each account line item
affected; and
(iii) the amount of the correction at the beginning of the
earliest prior period presented in the accounts.
----- End of picture text -----

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Section C Notes to the accounts (cont)

Note 2 Accounting policies

Please complete this note when first reporting under FRS2102. Section 35 of FRS102, requires 3 reconciliations to be presented, if all are applicable.

2.1 RECONCILIATION WITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE

Please provide a description of the nature of each change in accounting policy

No changes to accounting practises or policies to report

Reconciliation of funds per previous GAAP to funds determined under FRS 102

Start of End of period period £ £

Fund balances as previously stated Adjustments:

Fund balance as restated

0 0

Reconciliation of net income/(net expenditure) per previous GAAP to net income/(net expenditure) under FRS 102

2019/20 £

Net income/(expenditure) as previously stated

Adjustments:

Previous period net income/(expenditure) as restated

0

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Section C Notes to the accounts (cont)

Note 2 Accounting policies 2.2 INCOME

This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or additional policy has been adopted then this is detailed in the box below.

Recognition of income

These are included in the Statement of Financial Activities (SoFA) when:

• the charity becomes entitled to the resources;

• it is more likely than not that the trustees will receive the resources; and

• the monetary value can be measured with sufficient reliability.

There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.

Offsetting

Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP).

Grants and donations

In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specified goods or services as entitlement to the grant only occurs when the performance related conditions are met (5.16 FRS 102 SORP).

Legacies

Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met.

The charity has received government grants in the reporting period

Government grants

Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.

Tax reclaims on donations and gifts

Contractual income and performance related grants

This is only included in the SoFA once the charity has provided the related goods or services or met the performance related conditions.

Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so.

Donated goods

The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those gifts at the time of their receipt and they are recognised on receipt. In the reporting period in which the stocks are distributed, they are recognised as an expense at the carrying amount of the stocks at distribution.

Donated goods for resale are measured at fair value on initial recognition, which is the expected proceeds from sale less the expected costs of sale, and recognised in 'Income from other trading activities' with the corresponding stock recognised in the balance sheet. On its sale the value of stock is charged against 'Income from other trading activities' and the proceeds from sale are also recognised as 'Income from other trading activities'.

Goods donated for on-going use by the charity are recognised as tangible fixed assets and included in the SoFA as incoming resources when receivable.

Gifts in kind for use by the charity are included in the SoFA as income from donations when receivable.

Donated services and Donated services and facilities are included in the SOFA when received at the value of facilities the gift to the charity provided the value of the gift can be measured reliably. Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA. Support costs The charity has incurred expenditure on support costs.

	Yes	No	N/a
	
	Yes	No
	
	Yes	No	N/a
	
	Yes	No	N/a
	
	Yes	No	N/a
			
	Yes	No	N/a
		
	Yes	No	N/a
	
	Yes	No	N/a
	
	Yes	No	N/a 
	Yes	No	N/a
			
	Yes	No	N/a
			
	Yes	No	N/a
			
	Yes	No	N/a
			
	Yes	No	N/a
			
	Yes	No	N/a
			
	Yes	No	N/a
	

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Section C Notes to the accounts (cont)

Note 2 continued Accounting policies

2.2 INCOME

This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or additional policy has been adopted then this is detailed in the box below.

Volunteer help The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report. Income from interest, royalties and dividends This is included in the accounts when receipt is probable and the amount receivable can be measured reliably. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, e.g. allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. Income from membership subscriptions Membership subscriptions received in the nature of a gift are recognised in Donations and Legacies. Membership subscriptions which gives a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities. Settlement of insurance claims Insurance claims are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other income in the SoFA. Investment gains and losses This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. 2.3 EXPENDITURE AND LIABILITIES Liability recognition Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. Governance and support costs Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. Basic financial instruments The charity accounts for basic financial instruments on initial recognition as per paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP. Deferred income No material item of deferred income has been included in the accounts. Creditors The charity has creditors which are measured at settlement amounts less any trade discounts Provisions for liabilities A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date Grants with performance conditions Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output. Grants payable without performance conditions Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be recognised. Redundancy cost The charity made no redundancy payments during the reporting period.

Yes No N/a  Yes No N/a  Yes No  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a 

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Section C Notes to the accounts (cont)

Note 2 continued Accounting policies

2.2 INCOME

This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or additional policy has been adopted then this is detailed in the box below.

2.4 ASSETS

Intangible fixed assets Heritage assets POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE Investments Tangible fixed assets for use by charity Stocks and work in progress Debtors Current asset investments

£5,000 Yes No N/a   Yes No  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  The charity has intangible fixed assets, that is, non-monetary assets that do not have physical substance but are identifiable and are controlled by the charity through custody or legal rights. The amortisation rates and methods used are disclosed in note 9.5 They are valued at cost. The charity has heritage assets, that is, non-monetary assets with historic, artistic, scientific, technological, geophysical or environmental qualities that are held and maintained principally for their contribution to knowledge and culture. The depreciation rates and methods used as disclosed in note 9.6.1.4. They are valued at cost. Fixed asset investments in quoted shares, traded bonds and similar investments are valued at initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measured at cost less impairment. These are capitalised if they can be used for more than one year, and cost at least They are valued at cost. [Note, Church building valued at insurance valuation, other fixed assets at cost] The depreciation rates and methods used are disclosed in note 2.4 bottom of this page. Investments held for resale or pending their sale and cash and cash equivalents with a maturity date of less than 1 year are treated as current asset investments Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net realisable value. Goods or services provided as part of a charitable activity are measured at net realisable value based on the service potential provided by items of stock. Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract. They are valued at fair value except where they qualify as basic financial instruments. 2.4 ASSETS Tangible Fixed Assets The church building is valued at insurance valuation and is not depreciated. Last valuation was in 2019. Spend on building improvements has been capitalised and depreciated. Spend relates to a new kitchen and community cafe. This is being depreciated over 10 years, straight-line basis. Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received. The charity has investments which it holds for resale or pending their sale and cash and cash equivalents with a maturity date less than one year. These include cash on deposit and cash equivalents with a maturity date of less than one year held for investment purposes rather than to meet short term cash commitments as they fall due.

Page 14

Section C Notes to the accounts (cont)

Note 3 Analysis of income

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Restricted
Unrestricted income Endowment
Analysis funds funds funds Total funds Prior year
Donations and Donations and gifts 210,691 - 210,691 185,766
legacies: Gift Aid 46,709 - 46,709 41,996
Legacies - - -
General grants provided by government/other
charities 4,900 - 4,900 15,050
Membership subscriptions and sponsorships which
are in substance donations - - -
Donated goods, facilities and services - - - -
Other - - - -
Total 262,300 - - 262,300 242,812
Charitable Fountain Community Hub 12,402 - 12,402 9,874
activities: Beacon Youth Project 12,839 - 12,839 18,922
Ukrainian English Lessons - 15,747
Church building use by local groups 17,496 - 17,496 16,125
Other 105 - 105 117
Total 30,003 12,839 - 42,842 60,785
Other trading - - - - -
activities: Other - - - - -
Total - - - - -
Income from - - - - -
investments: Other - - - - -
Total - - - - -
Separate - - - -
material item of - - - - -
income: Total - - - - -
Other: Conversion of endowment funds into income - - - - -
Gain on disposal of a tangible fixed asset held for
charity's own use - - - - -
Gain on disposal of a programme related
investment - - - - -
Royalties from the exploitation of intellectual
property rights - - - - -
Other - - - - -
Total - - - - -
TOTAL INCOME 292,303 12,839 - 305,142 303,597
Other information:
All income in the prior year was unrestricted except for: (please Grant from Wallingford Town Council for on-going youth project
provide description and amounts) £12,839
Where any endowment fund is converted into income in the reporting
N/A
period, please give the reason for the conversion.
Within the income items above the following items are material:
N/A
(please disclose the nature, amount and any prior year amounts)
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Page 15

Section C Notes to the accounts (cont)

Note 4 Analysis of receipts of government grants

Government grant 1 Government grant 2 Government grant 3 Other Please provide details of any unfulfilled conditions and other contingencies attaching to grants that have been recognised in income. Please give details of other forms of government assistance from which the charity has directly benefited.	Total N/A The charity received two grants from Wallingford Town Council, funding for Beacon Youth Project. Disclosed under 'charitable activities' and note on page N3. Description	This year Last year £ £ - - - - - - - -
		- -

Page 16

Section C Notes to the accounts (cont)

Note 6 Analysis of expenditure

Fundraising agents Analysis of expenditure on charitable activities Advertising, marketing, direct mail and publicity Start up costs incurred in generating new source of future income Rent collection, property repairs and maintenance charges Operating membership schemes and social Staging fundraising events Database development costs Other trading activities Analysis Portfolio management costs Intellectual property licencing costs Cost of obtaining investment advice Expenditure on raising funds: Incurred seeking legacies Incurred seeking grants Total expenditure on charitable activities Other Total expenditure on raising funds Total Beacon Youth Project Separate material item of Grants made Ukrainian English Lessons Church building use by local groups Investment management costs: Incurred seeking donations Expenditure on charitable activities Fountain Bookshop Operating a trading company undertaking non-charitable trading activity Investment administration costs Church activities Operating charity shops Other information: TOTAL EXPENDITURE Total other expenditure

Unrestricted funds Restricted income funds Endowment funds Total funds Prior year - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 33,409 - 33,409 31,277 8,261 12,839 - 21,100 25,817 42,639 - 42,639 29,193 - - 13,063 192,627 - 192,627 155,815 276,936 12,839 - 289,775 255,165 27,524 - - 27,524 21,532 - - - - - 27,524 - - 27,524 21,532 - - - - - - - - - - - - - - - 304,460 12,839 - 317,299 276,697

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Grant
Activity or funding Support Total this Total
Activities undertaken directly
programme of Costs year prior year
activities
£ £ £ £ £
Other
Total
Prior year expenditure on charitable activities can be
analysed as follows:
Within the expenditure items above the following
items are material: (please disclose the nature, None
amount and any prior year amounts)
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Page 17

Section C Notes to the accounts (cont)

Note 9 Support Costs

Please complete this note if the charity has analysed its expenses using activity categories and has support costs.

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Basis of
Raising funds Salaries Prof Services Other Grand total allocation
Support cost (Describe
(examples) £ £ £ £ £ method)
Allocated to
Administration - 5,258 2,147 1,562 8,967 'Church Activities'
in full
- - - - -
- - - - -
- - - - -
Other - - - - -
Total - 5,258 2,147 1,562 8,967
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Please provide details of the accounting policy adopted for the apportionment of costs between activities and any estimation techniques used to calculate their apportionment.

Total Administration costs were £9.0k (£11.1k in 2022/23). This accounts for 3% of total expenditure (4% in 2022/23). YoY decrease due to maternity leave. Admin costs are identified in the accounts via secondary accounts coding on costs in the general ledger.

Page 18

Section C Notes to the accounts (cont)

Note 10 Details of certain items of expenditure

10.1 Fees for examination of the accounts

Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).

Other fees (for example: financial advice, consultancy, accountancy services) paid to the independent examiner Independent examiner’s fees Assurance services other than audit or independent examination Tax advisory fees	This year Last year £ £ 200 200 0 0 0 0 0 0

Page 19

Section C Notes to the accounts (cont)

Note 11 Paid employees

11.1 Staff Costs
			This year		Last year
			£		£
Salaries and wages				118,773	106,584
Social security costs				34,692	32,261
Pension costs (defined contribution scheme)				17,146	14,450
Other employee benefits				18,345	17,472
	Total staff costs			188,956	170,767
Please provide details of expenditure on staff working for	the charity whose	None
contracts are with and are paid by a related party

Please give details of the number of employees whose total employee benefits (excluding employer pension costs) fell within each band of £10,000 from £60,000 upwards. If there are no such transactions, please enter 'true' in the box provided.

provided.	provided.
No employees received employee benefits (excluding employer pension
costs) for the reporting period of more than £60,000			TRUE
Band		Number		of employees
£60,000 to £69,999				0
£70,000 to £79,999				0
£80,000 to £89,999				0
£90,000 to £99,999				0
£100,000 to £109,999				0
Please provide the total amount paid to key
management personnel (includes trustees and	£143,874
senior management) for their services to the charity	This relates to the four staff who			are responsible for managing others
11.2 Average head count in the year				This year Number		Last year Number
The parts of the charity in which the employees	Fundraising				-			-
work	Charitable Activities				8.9		8.6
	Governance				-			-
	Other				-			-
		Total			8.9		8.6

11.3 Ex-gratia payments to employees and others (excluding trustees) Please complete if an ex-gratia payment is made. Please explain the nature of the payment

None

Please state the legal authority or reason for making the payment Please state the amount of the payment (or value of any waiver of a right to an asset)

11.4 Redundancy payments Please complete if any redundancy or termination payment is made in the period. Total amount of payment None The nature of the payment (cash, asset etc.)

The extent of redundancy funding at the balance sheet date Please state the accounting policy for any redundancy or termination payments

Page 20

Section C Notes to the accounts (cont)

Note 12 Defined contribution pension scheme or defined benefit scheme accounted for as a defined contribution scheme.

12.1 Please complete this note if a defined contribution pension scheme is operated.

Amount of contributions recognised in the SOFA as an expense

17,146

Please explain the basis for allocating the liability and expense of defined contribution pension scheme between activities and between restricted and unrestricted funds.

A small portion of the expense (£1287) is allocated against restricted funds grant income for youth work. This represents a proportion of the pension costs for the associated youth worker.

12.2 Please complete this section where the charity participates in a defined benefit pension plan but is unable to ascertain its share of the underlying assets and liabilities.

Please confirm that although the scheme is accounted for as a defined contribution plan, it is a defined benefit plan.

Please provide such information as is available about the plan's surplus or deficit and the implications, if any, for the reporting charity

No defined benefit plan N/A

12.3 Please complete this section where the charity participates in a multi-employer defined benefit pension plan that is accounted for as a defined contribution plan.

Describe the extent to which the charity can be liable to the plan for other entities' obligations under the terms and conditions of the multi-employer plan

N/A

Page 21

Section C Notes to the accounts (cont)

Note 13 Grant making

Please complete this note if the charity made any grants or donations which in aggregate form a material part of the charitable activities undertaken.

13.1 Analysis of grants paid (shown as Separate material item of expense)

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Analysis Grants to institutions Grants to individuals Support costs Total
Wallingford & Didcot CAP 8,849 8,849
Jews for Jesus 6,000 6,000
The Message Trust 5,070 5,070
Indian Pastor Support 3,410 3,410
Open Doors 3,935 3,935
Evangelical Alliance 250 250
Others 10 10
0
Total 24,104 3,420 0 27,524
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Please enter “Nil” if the charity does not identify and/or allocate support costs.

13.2 Grants made to institutions

Yes Names of institution Wallingford & Didcot CAP cap.org.uk Jews for Jesus jewsforjesus.org The Message Trust message.org.za Open Doors opendoorsuk.org TOTAL GRANTS PAID Provides free debt counselling in the UK Community partnerships in South African Townships My charity has made grants to particular institutions that are material in the context of its grant making. Details of the institution supported, purpose of the grant and total paid to each institution is available on the charity's web site. Purpose Works in over 60 countries, training church leaders, practical support and emergency relief. Supporting Christians who are persecuted. Working with Jewish communities in 18 cities. We support work in Berlin Other unanalysed grants Total grants to institutions in reporting period	Please provide details of charity's URL. Provide details below Total amount of grants paid £ 8,849 6,000 5,070 3,935 - -
	23,854 3,670
	27,524

Page 22

Section C Notes to the accounts (cont)

Note 14 Tangible fixed assets

Please complete this note if the charity has any tangible fixed assets

14.1 Cost or valuation

Freehold land & buildings Other land & buildings £ £ Beginning of the year 1,399,342 - Additions - - Revaluations - Disposals - - Transfers - - At end of the year 1,399,342 - Basis- Straight Line ("SL") or Reducing Balance ("RB") SL or RB SL or RB Rate Beginning of year - - Disposals - - Depreciation - - Impairment - - Transfers - - At end of the year - - NBV Beginning 1,399,342 - NBV End 1,399,342 - 14.4 Impairment 14.5 Revaluation 14.6 Other disclosures (ii) Please provide the amount of contractual commitments for the acquisition of tangible fixed assets. (iii) Details of the existence and carrying amounts of property, plant and equipment to which the charity has restricted title or that are pledged as security for liabilities. 14.3 Net book value 14.2 Depreciation and impairments The name of independent valuer, if applicable The carrying amount that would have been recognised had the assets been carried under the cost model. (i) Please state the amount of borrowing costs, if any, capitalised in the construction of tangible fixed assets and the capitalisation rate used. The methods applied and significant assumptions Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss. If an accounting policy of revaluation is adopted, pleas The effective date of the revaluation	Freehold land & buildings Other land & buildings £ £ 1,399,342 - - - - - - - -	Plant, machinery and motor vehicles Fixtures, fittings and equipment Total £ £ £ - 75,328 1,474,670 - - - - - - - - - - - -
	1,399,342 -	- 75,328 1,474,670
		SL or RB SL or RB SL or RB SL - 15,066 15,066 - - - - 7,533 7,533 - - - - - -
	- -	- 22,599 22,599
	1,399,342 - 1,399,342 -	- 60,262 1,459,604 - 52,729 1,452,071
		None 0 Freehold building : 31/08/2019 Taken from insurance value £854,843. This is the cost at point of transfer from the previous unincorporated charity on 01/03/2018 0 0 e provide:

Page 23

Section C Notes to the accounts (cont)

Note 19 Debtors and prepayments

Please complete this note if the charity has any debtors or prepayments.

19.1 Analysis of debtors Trade debtors Prepayments and accrued income Other debtors	This year Last year £ £ 0 0 21,726 17,320
	21,726 17,320

Total

Please complete 19.2 where a material debtor is recoverable more than a year after the reporting date.

19.2 Analysis of debtors recoverable in more than 1 year (included in debtors above)

Trade debtors Prepayments and accrued income Other debtors

Total	This year Last year £ £ 0 0 0 0 0 0 0 0
	0 0

Page 24

Section C Notes to the accounts (cont)

Note 20 Creditors and accruals

Please complete this note if the charity has any creditors or accruals.

20.1 Analysis of creditors

Accruals for grants payable Bank loans and overdrafts Trade creditors Payments received on account for contracts or performance-related grants Accruals and deferred income Taxation and social security Other creditors Total	This year Last year This year Last year £ £ £ £ 1,868 500 - - - - 685 213 - - - - - - - - - - - - - - - - - - Amounts falling due within one year Amounts falling due after more than one year
	2,553 713 - -

20.2 Deferred income

Please complete this note if the charity has deferred income.

Please explain the reasons why income is deferred.

Grant from Wallingford Town Council for Beacon Yotuth project. This is paid in two 6 month installments. The second payment each year covers one month that falls into the next financial year, so 1/6 of the grant is deferred from income. It is released once the service has been provided in the following year.

Movement in deferred income account Balance at the start of the reporting period Amounts added in current period Amounts released to income from previous periods Balance at the end of the reporting period	This year Last year £ £ 500 1,667 1,868 500 - 500 - 1,667
	1,868 500

Page 25

Section C Notes to the accounts (cont)

Note 22 Other disclosures for debtors, creditors and other basic financial instruments

22.1 Please provide information about the significance of financial instruments (e.g. debtors, creditors, investments etc) to the charity's financial position or performance, for example, the terms and conditions of loans or the use of hedging to manage financial risk.

No loans, no large creditors or debtors that may have a material impact if not paid.

N/A

22.2 If the charity has provided financial assets as a form of security, the carrying amount of the financial assets pledged as security and the terms and conditions related to its pledge should be given here.

Page 26

Section C Notes to the accounts (cont)

Note 23 Contingent liabilities and contingent assets

23.1 Contingent liabilities

Where the charity has contingent liabilities, please complete the following section unless the possibility of their existence is remote.

Description of item including its legal nature. Please Estimate of financial effect describe any security provided in connection to the liability.

The charity enterred into a partnership with Wallingford £24,500 Emergency Foodbank (WEF), UK charity 1169402. This Being 7/10 of the initial potential liability of £35,000. This was to convert the existing bookshop area in the charity's will continue to reduce by 1/10 of £35,000 each year freehold building into a Community Hub, consisting of a until exhausted. kitchen and café area. WEF agreed to contribute £35,000 to the cost (just under half the expected total) in exchange for shared use of the kitchen area for client training and home skills development. If the charity fails to provide access to the kitchen a reducing balance of the grant paid would be refundable to WEF depending on time elapsed up to 10 years maximum. The trustees consider this an extremely unlikely scenario, however the possibility of this liability is disclosed here.

23.2 Contingent assets

Where the charity has contingent assets, please complete the following section when their existence is probable

Description of item Estimate of financial effect

23.4 Other disclosures for contingent assets and/or liabilities Please provide the following information where practicable:

Explain any uncertainties relating to the amount or timing of settlement; and the possibility of any reimbursement

Where it is not practical to make one or more of these disclosures, please state this fact

CC17a (Excel)

29/05/2025

27

Section C Notes to the accounts (cont)

Note 24 Cash at bank and in hand

Other Cash at bank and on hand Total Short term cash investments (less than 3 months maturity date) Short term deposits	This year Last year £ £ - - - - 103,514 110,704 - - 103,514 110,704

Page 28

Section C Notes to the accounts (cont)

Note 25 Fair value of assets and liabilities

25.1 Please provide details of the charity's exposure to credit risk (the risk of incurring a loss due to a debtor not paying what is owed) , liquidity risk (the risk of not being able to meet short term financial demands) and market risk (the risk that the value of an investment will fall due to changes in the market) arising from financial instruments to which the charity is exposed at the end of the reporting period and explain how the charity manages those risks.

No significant risk. Largest debtor is HMRC for Gift Aid waiting to be claimed (GA is £20,180 of £21,725 total debtors).

25.2 Please give details of the amount of change in the fair value of basic financial instruments (debtors, creditors, investments (see section 11, FRS 102 SORP)) measured at fair value through the SoFA that is attributable to changes in credit risk.

No changes to record

Page 29

Section C Notes to the accounts (cont)

Note 26 Events after the end of the reporting period

Please complete this note events (not requiring adjustment to the accounts) have occurred after the end of the reporting period but before the accounts are authorised which relate to conditions that arose after the end of the reporting period.

Please provide details of the nature of the event

Provide an estimate of the financial effect of the event or a statement that such an estimate cannot be made

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None
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Page 30

Section C Notes to the accounts (cont)

Note 27 Charity funds

27.1 Details of material funds held and movements during the CURRENT reporting period

Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the balance sheet.

* Key: PE - permanent endowment funds; EE - expendable endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds

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Type Fund Fund
PE, EE balances Gains balances
R or Purpose and Restrictions brought Expenditur and carried
UR * forward Income e Transfers losses forward
Fund names £ £ £ £ £ £
Beacon Youth support R Wallingford Town Council support for 0 12,839 -21,100 8,261 0
Detached youth work in the town 0 0
0 0
Church Member Donations R To be kept for the possible future purchase 6,000 6,000
of a building for our church in Didcot 0 0
0 0
Ukrainian English Lessons R Funding for teacher salaries and 2,684 2,684
educational equipment costs to provide 0
free English lessons to Ukrainian refugees 0
in Oxfordshire. 0
0
0
0
Total Funds 8,684 12,839 -21,100 8,261 0 8,684
----- End of picture text -----

Notes:

Beacon Youth Project income fell due to long term sickness of our Wallingford Youth Worker. Costs remained static leading to a significant deficit on this work (£8.3k). This was covered by a transfer from general funds.

The English Lessons for Ukrainians work was closed down due to demand having been fulfilled. Most of our clients having found work in the UK.

The charity will look for an appropriate use for the remaining funds (£2.7k) for work amongst UK based Ukrainians or donated to a charity working in Ukraine.

Page 31

Section C Notes to the accounts (cont)

Note 27 Charity funds

27.2 Details of material funds held and movements during the PREVIOUS reporting period

Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the balance sheet.

* Key: PE - permanent endowment funds; EE - expendable endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds

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Fund Fund
Type
balances Gains balances
PE, EE
R or UR Purpose and Restrictions brought Expendit and carried
forward Income ure Transfers losses forward
Fund names £ £ £ £ £ £
Beacon Youth support R Wallingford Town Council support for 0 18,922 -25,817 6,895 0
Detached youth work in the town 0
0
Church Member Donations R To be kept for the possible future purchase 6,000 0 0 0 0 6,000
of a building for our congregation in Didcot 0
0
Ukrainian English Lessons R Funding for teacher salaries and 0 15,747 -13,063 0 0 2,684
educational equipment costs to provide 0
free English lessons to Ukrainian refugees 0
in Oxfordshire.
0
0
Total Funds 6,000 34,669 -38,880 6,895 0 8,684
----- End of picture text -----*

Note: Beacon Youth Project costs are higher than grant received this year due to significantly increased need among vulnerable young people in the area. The charity is grateful for the support grant provided by Wallingford Town Council and has made up the shortfall from general funds. This is shown as a transfer above.

Page 32

Section C Notes to the accounts (cont)

Note 27 Charity funds (cont)

27.3 Transfers between funds

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----- Start of picture text -----
Reason for transfer and where endowment is converted to income, Amount
legal power for its conversion
Between unrestricted and Excess cost over restricted fund income for Beacon Youth Work. The
restricted funds shortfall has been made up by a transfer from general funds. This 8261
brings the carried forward balance to zero.
Between endowment and
restricted funds
Between endowment and
unrestricted funds
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27.4 Designated funds

Planned use Purpose of the designation Amount

Page 33

Section C Notes to the accounts (cont)

Note 29 Additional Disclosures

The following are significant matters which are not covered in other notes and need to be included to provide a proper understanding of the accounts. If there is insufficient room here, please add a separate sheet.

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Page 34