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.
Page 1
## **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.
Page 2
**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.
Page 3
## **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.
Page 4
## **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
Page 5
## **Charity number: 1169035 RIDGEWAY COMMUNITY CHURCH Independent Examiners Report For the year ended 31st August 2024**
Page 6
|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|
Page 7
## **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.
Page 8
## **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._**|||
Page 9
## **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).
**----- 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 -----**
Page 10
## **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
Page 11
**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.
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|||||
|||||
||Yes|No|N/a|
|||||
||Yes|No|N/a|
|||||
||Yes|No|N/a|
|||||
Page 12
**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
|
|---|---|
Page 13
## **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**
**----- Start of picture text -----**
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)
**----- End of picture text -----**
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|
|---|---|
**----- Start of picture text -----**
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)
**----- End of picture text -----**
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._
**----- Start of picture text -----**
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
**----- End of picture text -----**
_**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)**
**----- Start of picture text -----**
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
**----- End of picture text -----**
## _**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|
|---|---|
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**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
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**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**
**----- Start of picture text -----**
None
**----- End of picture text -----**
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**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_
**----- Start of picture text -----**
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**_
**----- Start of picture text -----**
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**
**----- 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
**----- End of picture text -----**
## **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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