REGISTERED CHARITY NUMBER: 1170245 Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2024 for Sheffield SNU Spiritualist Church Royston Parkin Limited 2 President Buildings Savile Street East Sheffield South Yorkshire S4 7UQ
Sheffield SNU Spiritualist Church Contents of the Financial Statements for the year ended 31 December 2024 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 6 to 11 Detailed Statement of Financial Activities 12 to 13
Sheffield SNU Spiritualist Church Report of the Trustees for the year ended 31 December 2024 The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims To advance the religion of spiritualism. Public benefit In reviewing the Charity's ongoing objectives and activities, the Trustees have considered the guidance set out in the Charity Commission's guidelines on public benefit, and are of the opinion that the objectives and activities are in total compliance therewith. ACHIEVEMENT AND PERFORMANCE Charitable activities The main activities for the public benefit in relation to the objectives of Sheffield Spiritualist Church during the period were: The organisation and running of Sheffield SNU Spiritualist Church to enable those who wish to use it to assist the development of their spiritualist faith. The organising of regular Divine and platform services with a recognised medium and facilitating spiritualist healing, open circles and healing drumming. Fundraising activities We also successfully held a fundraising event as well as successful services and circleslhealing and drumming. Additionally, the rental income from the Yoga School has increased and remains a consistent and valuable income source FINANCIAL REVIEW Financial position The period from January to December 2024 marked a period of constant change and the sale of Whitham Road Church, the proceeds of which will be used to provide necessary improvements to the church with an intention to future proof and encourage more attendance and open up further income opportunities. We achieved a consistent income stream from services and a fundraising event. Regular rental income from the Sheffield Yoga School continued to provide reliable financial support. Expenditure: Core expenses-including gas, electricity, water and medium fees-were paid in full during the year, with no outstanding balances at year-end. As expected, expenditure increased compared to 2023, reflecting the higher volume of services and events held during the year with the addition of Wednesday healing and circle and monthly healing drumming and the addition of ongoing refurbishment. Principal funding sources Incoming funds are generated principally from the rental income from the yoga school, together with monies from collections of services and from fundraising events. Page 1
Sheffield SNU Spiritualist Church Report of the Trustees for the year ended 31 December 2024 FUTURE PLANS A complete refurbishment of the building and car park (pending necessary planning permissions). It is hoped that this continuing commitment to maintaining and enhancing the charity's resources, will attract additional user groups to the premises. STRUCTURE, GOVERNANCE AND MANAGEMENT Induction and training of new trustees Induction and training of new Trustees is informal, mainly covered by word of mouth and attendance at meetings where policy decisions are taken, and matters of concern discussed. There is no specific training policy however there are clear guidelines and training resources to access available from the SNU (Spiritualists National Union) Related parties No expenses are paid to Trustees other than to reimburse authorised disbursements incurred. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1170245 Principal address South Road Walkley Sheffield South Yorkshire S6 3TA Trustees Miss J V Smith C Ambler Ms V Bentley (appointed 13.8.24) Ms D Gillott Ms D Davies Independent Examiner Royston Parkin Limited 2 President Buildings Savile Street East Sheffield South Yorkshire S4 7UQ Approved by order of the board of trustees on 9 May 2025 and signed on its behalf by.. Ms D Davies - Trustee Page 2
Independent Examiner's Report to the Trustees of Sheffield SNU Spiritualist Church Independent examiner's report to the trustees of Sheffield SNU Spiritualist Church report to the charity trustees on my examination of the accounts of Sheffield SNU Spiritualist Church (the Trust) for the year ended 31 December 2024. Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. Independent examiner's statement Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that l am qualified to undertake the examination because l am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the Trust as required by Section 130 of the the accounts do not accord with those records., or the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Mr Andy Froggatt The Association of Chartered Certified Accountants Royston Parkin Limited 2 President Buildings Savile Street East Sheffield South Yorkshire S4 7UQ 9 May 2025 Page 3
Sheffield SNU Spiritualist Church Statement of Financial Activities for the year ended 31 December 2024 2024 2023 Unrestricted Total funds funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 6,330 6,746 Other trading activities Investment income Other income 8,425 5,093 305,108 1,864 51 Total 324,956 8,661 EXPENDITURE ON Raising funds 60,621 8,761 Other 8,075 Total 68,696 8,761 NET INCOMEI(EXPENDITURE) Other recognised gainsl(losses) Gains on revaluation of fixed assets 256,260 (100) 94,085 Net movement in funds 350,345 (100) RECONCILIATION OF FUNDS Total funds brought foward 355,495 355,595 TOTAL FUNDS CARRIED FORWARD 705,840 355,495 The notes form part of these financial statements Page 4
Sheffield SNU Spiritualist Church Balance Sheet 31 December 2024 2024 2023 Unrestricted Total funds funds Notes FIXED ASSETS Tangible assets 425,661 336,796 CURRENT ASSETS Cash at bank and in hand 281,980 18,700 CREDITORS Amounts falling due within one year {1) (1) NET CURRENT ASSETS 281,979 18,699 TOTAL ASSETS LESS CURRENT LIABILITIES 707,640 355,495 ACCRUALS AND DEFERRED INCOME 9 (1,800) NET ASSETS 705,840 355,495 FUNDS Unrestricted funds 10 705,840 355,495 TOTAL FUNDS 705,840 355,495 The financial statements were approved by the Board of Trustees and authorised for issue on 9 May 2025 and were signed on its behalf by: D Davies - Trustee The notes form part of these financial statements Page 5
Sheffield SNU Spiritualist Church Notes to the Financial Statements for the year ended 31 December 2024 ACCOUNTING POLICIES Basis of preparing the financial ststements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Taxation The charity is exempt from tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Hire purchase and leasing commitments Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. Page 6 continued...
Sheffield SNU Spiritualist Church Notes to the Financial Statements - continued for the year ended 31 December 2024 OTHER TRADING ACTIVITIES 2024 2023 Sundry Income Charity Funds From Sheffield Rd Church Membership Fees 696 45 1,700 119 7,575 154 8,425 1,864 INVESTMENT INCOME 2024 2023 Deposit account interest 5,093 51 RAISING FUNDS Investment management costs 2024 2023 Affiliation Fees Professional Fees Advertisement Social 187 1,416 95 79 54 358 412 1,777 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023. Trustees, expenses There were no trustees, expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023. Page 7 continued...
Sheffield SNU Spiritualist Church Notes to the Financial Statements - continued for the year ended 31 December 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund INCOME AND ENDOWMENTS FROM Donations and legacies 6,746 Other trading activities Investment income 1,864 51 Total 8,661 EXPENDITURE ON Raising funds 8,761 NET INCOMEI(EXPENDITURE) (100) RECONCILIATION OF FUNDS Total funds brought forward 355,595 TOTAL FUNDS CARRIED FORWARD 355,495 TANGIBLE FIXED ASSETS Fixtures and fittings Freehold property Totals COST At 1 January 2024 Additions Disposals 315,915 410,000 {315,915) 20,881 336,796 410,000 (315,915) At 31 December 2024 410,000 20,881 430,881 DEPRECIATION Charge for year 5,220 5,220 NET BOOK VALUE At 31 December 2024 410,000 15,661 425,661 At 31 December 2023 315,915 20,881 336,796 Page 8 continued...
Sheffield SNU Spiritualist Church Notes to the Financial Statements - continued for the year ended 31 December 2024 CREDITORS. AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors ACCRUALS AND DEFERRED INCOME 2024 2023 Accruals and deferred income 1,800 10. MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 31.12.24 At1.1.24 Unrestricted funds General fund Whitham Road 355,495 419,085 (68,740) (332,268) 332,268 442,312 263,528 355,495 350,345 705,840 TOTAL FUNDS 355,495 350,345 705,840 Net movement in funds, included in the above are as follows: Incoming Resources resources expended Gains and Movement losses in funds Unrestricted funds General fund Whitham Road 355,861 (30,905) (30,861) (37,835) 94,085 419,085 (68,740) 324,956 (68,696) 94,085 350,345 TOTAL FUNDS 324,956 (68,696) 94,085 350,345 Page 9 continued...
Sheffield SNU Spiritualist Church Notes to the Financial Statements - continued for the year ended 31 December 2024 10. MOVEMENT IN FUNDS- continued Comparatives for movement in funds Net movement in funds At 31.12.23 At 1.1.23 Unrestricted funds General fund 355,595 (100) 355,495 TOTAL FUNDS 355,595 (100) 355,495 Comparative net movement in funds, included in the above are as follows: Incoming Resources Movement resources expended in funds Unrestricted funds General fund 8,661 (8,761) (100) TOTAL FUNDS 8,661 (8,761) (100) A current year 12 months and prior year 12 months combined position is as follows.. Net movement in funds Transfers between funds At 31.12.24 At 1.1.23 Unrestricted funds General fund Whitham Road 355,595 418,985 (68,740) (332,268) 332,268 442.312 263,528 355,595 350,245 705,840 TOTAL FUNDS 355,595 350,245 705,840 Page 10 continued...
Sheffield SNU Spiritualist Church Notes to the Financial Statements - continued for the year ended 31 December 2024 10. MOVEMENT IN FUNDS - continued A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: Incoming Resources resources expended Gains and Movement losses in funds Unrestricted funds General fund Whitham Road 364,522 {30,905) (39,622) (37,835) 94,085 418,985 (68,740) 333,617 (77,457) 94,085 350,245 TOTAL FUNDS 333,617 (77,457) 94,085 350,245 11. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 December 2024. Page 11
Sheffield SNU Spiritualist Church Detailed Statement of Financial Activities for the year ended 31 December 2024 2024 2023 INCOME AND ENDOWMENTS Donations and legacies Sunday Collections Healing Circles Tuition & Workshops Refreshments Weekdays Special Demonstrations Donated services and facilities Raffles 1,602 304 842 289 781 1,708 624 110 70 2,325 344 1,007 398 353 680 1,301 176 162 6,330 6,746 Other trading activities Sundry Income Charity Funds From Sheffield Rd Church Membership Fees 696 45 1,700 119 7,575 154 8,425 1,864 Investment income Deposit account interest 5,093 51 Other income Gain on sale of tangible fixed assets 305,108 Total incoming resources 324,956 8,661 EXPENDITURE Raising donations and legacies Rates and water Insurance Light and heat Telephone Sundries 764 1,119 9,808 393 452 80 2,047 46 12,536 2,173 Other trading activities Purchases Carried forward 299 299 37 37 This page does not form part of the statutory financial statements Page 12
Sheffield SNU Spiritualist Church Detailed Statement of Financial Activities for the year ended 31 December 2024 2024 2023 Other trading activities Brought forward Speakers Expenses Cleaning I Caretaker Repairs & Renewals 299 1,712 1,193 44,469 37 2,237 50 2,487 47,673 4,811 Investment management costs Affiliation Fees Professional Fees Advertisement Social 187 1,416 95 79 54 358 412 1,777 Support costs Finance Bank charges 35 other Fixtures and fittings 5,220 Governance costs Accountancy and legal fees 2,820 Total resources expended 68,696 8,761 Net incomel(expenditure} 256,260 (100) This page does not form part of the statutory financial statements Page 13