Aeom #nv Ilmltsd bv rnntoo reetors, Re ort 4nd Fln4ncl41 Stste forth¢ ear ¢nded 31 Januorv 2025 arltv Number: 1171925 Com Number: 105939 (A compgDy limited by guar4Dto¢) Company aud Admlntstrnth'¢ InfonHatlon Charlty number 1171925 Company r*tra¢ion Bumb¢r 10593926 Registered office *ddre5S 121 High Slreei TW184PD Dlrectors and Trust Fiona Craivfcfth Nornmn Head MThllAger BONY M(Kkfvrd Independemt Examin¢rs TLI Rirniiftgham SW 3 IAd Til Assist ACCo￿tants 369 Hauv). R(XKI W¢ B32 2AL Page 1 CANAAN CHRISTIAN hllNISTRIES Reportof th¢ Dlr¢rtDrs Th¢ Dircckns kna￿ pl6￿￿¢1￿ pK5th1ti)g th¢ir r¢wYt, t¢yh¢x with ihe finAnciAI Btsteme4Jtsof ihe C4mJiP9ny rty th¢ v¢ara)ded 31 January 202S. Th¢ dTrj¢ct$ol'the cthnP￿y are to advAncc lh¢ Christian religiort ti)rtheh•ielit tht'lhe public ilirthjgh the 0￿￿#11￿) ol'# Christian iKx)kshop. ¢hurch resourcecentr< woviston of a c4)un4¢lling s¢rnic& ihe pr(vnolion ofiinilcd chri￿1￿￿ hur¢h a¢hvitiG8 and r&￿￿r￿ and pr Il)¢ shop ulJ() arb *inply lookii)g r(Y ali •)¢uJr3ging word or Itslenjii8cAr. li is ￿1r kli¢fthat througli thi& Ih¢s¢ wpl¢ Bf¢ ￿NI]y ]K1p￿1 iii th¢yr dnili. Iivis T71￿ ar¢ ￿L￿￿lIV Iwr profo$ionally Ir&inaL Coun￿11[￿5 ￿ th¢ in iV¢4*" mind.10 dillini li¢lping Ihem with thirpmhl¢nLS. -lkne have sh()￿￿ yeat uThlerstftnding thr Ilie In lil in iirylh shnp ￿E￿ing hwrs and. ￿th¢￿ appropria￿ provid¢ a ￿￿n￿lI1￿8 scrvicc fr￿n thiar hom￿ usin8 1knl•(x]kn and vida) link"& Flnanelal R¢￿¢￿ The SlakmLmt ofFinan¢i&l Aetivilies i$s¢tout on pfjg¢ 6 showing thk ￿¥1111 forthe VE2r 31 J8nuAtv 2025. The cOm￿n5' 8￿¢￿￿#1 ift¢ixn¢ in th¢ b(xJkshop and COIT￿ kwng¢of 1154.6821202¥£142.0811. ..I￿r¢OV￿1nB purchos¢s and thert b￿kShoP dcfi¢it of£59 (202&£261. Hoiiu'iy. dTh)ahoi)$ ￿l#ll1mE £1.800 {2o24-£1.8(￿) re¢41v￿. rthvlting in o or£i.741 (2024-£1.774}. ll* Nlinistrias Fut)d I￿1Ved inwm¢of £19.729 {202dk£21.245). I".or 811 dLNJation& li¥ WbY¢ V￿v 8fiLidknl. A l(NAI ()r£14.7151202£b£19.6621 was spenl u] mini51riLsLth%ls. As a r&4uli. Ili¢t¢ Was a %Ltrplusvf£5.014 (2024-£1.583) Bnd lh¢ a¢¢umUla￿d balsnee fultsre 31 Jarnisrv 2025 i%as £62.018 {2024-£57.004}. Th¢ r¢wli a %urp]ys of£6.755 (2024-£3.3571. Re5trves Poll In ordcr lo COV￿ adKrs¢ ¢Ér¥wmslRn¢ts. il 1$ ih¢ Dirrftors, polic¥ IL)maintsii1 l11)KStrt¢t￿ fvndx b¢ing th¢CompAnV¥ Ir¢¢r¢srn as foll￿¥$.. -.lthc Klain l.und rqK*thi% *Tr*in8 ¢apiial tt) m4intsin th¢ 81cxL 8nd otherr4litrun￿ls nr th¢ I￿￿k.￿h￿p. - Th¥ Ministrics Fund is mainthinol. ￿.[￿Ye w55ibl& kt a lo incltsd￿ al %i% monih$' unr¢5tri¢t dmini51fkliwc ¢kpMdilurc &id rngoing ¢X￿1￿ including salariu: and alg) r¢qWn￿ lo ministynojls a5 thEy llri￿. Ai 31 Jmuwy 2025. th￿e i%Ere nor¢stricknl fimds. ttu GDiernance & en*nt The goVernin8do￿1rttt1 ofihe Chwiiy is ils M¢mornndum and.4rti¢h of .4$viation d4kd 11 Jwiu4ry 2017. Th¢ of Ih¢Cc>mpAny is lh¥ OVrYg11 r¢swisibilil> orth¢ DirLYliirs fvrnialli. Ihrtt diiring Ih¥' yur 4nd di¥onnual m¢aing with sup1￿. In pursuiD8 thethjecliveswid activilie5 ofth¥Companv. duriijg ￿le y th¢ DirLxkvsanplo)Ed full-liDi¢ ￿ld adulis i)n a part-tini¢ ba5L¥. Th¢ iiiinaw atrum￿ ov¥all re5wJnsibility fcty the v8r1￿￿S as￿¢1$ (Trf Canaan's worl tn¢ludingthai vfiiittnaw orth¢ IMK)kthop. bty*krtPlll8 #nd htt ptt5£￿rt￿ artd admini5knti%'¢ dull￿. The policy oft'thccompanv is lo us¢ voluiil4rv w￿￿-¢r$ in •dditi(m to paid stsii.. 11ii5 lin1i15 theth￿l1 cost% and I￿￿ld￿0pFx￿1unIti&1 f(KLhri%lian $ttvi¢¢ to a f¢w p￿pIC ilillingicb wpprvl and pmmnity our l￿nTK-. 'll)¢ l)ir¢¢lNs wtt¢ mn8t apwcLialivc nf the assiraanc¢ nfsix vnlunt¢>X5durinB th¢ pasi v¢ar. and als r￿Qg￿l￿ th¢ valuobl¢c￿trlbutIOTr lo Canalln'5 ministrvmlldc b% 1Ji¥ Dirc¢tors ii.ho hav¥rd1r￿L from OifKcNx(￿tly. li is ih¢ DtNxi(ff$ policj lomaininin on aiYdM¢s% of Ih¢irTquirenKmts and rw%ibililits r￿ardIng ri5L Alihough Do f￿nal TisK' asse%￿1￿1[ IS rwird fir the¢harity ai ils ￿Tr￿a)I %izd Cnnfyfyn liis a ilYin￿ poli¢i' IhAi is giva) to Staff. re8uiarlydis4*ss and nThiltr risks w¢h ll5 h￿11￿ atkd saf¢w ¢M¢EYn%. criiiim io el¢¢iion o I￿re¢￿rS The 8OvLmingdi￿me￿t proi'ide5 lor a minimum ofthr¢¢ DI￿10Th and il is iliLryr polic%. to Ch￿Se 85 nth. Dirrftors p￿$ who live locall). and hAveshoMn real irtler￿ and for C*naan. a$ i%¢ll as ¢ontribuiing purli¢ularbkill% and lh¢ spirilual d¢v¢kwm￿l and PrnJVTUmiill8 1)f¢ii¢ ￿lIVi11¢S. AcuxdLN￿y. thrwWKwI rIx￿1 y%*% lh¥ Dirwl(K¥. di¢ I'Th%1¢￿* hAI'L InLIud￿ perts￿s wilh yu8lificatiun and experie41c¢ in fil￿￿¢1%]. piop*ty and busin¢s5 mm88￿?￿tr. Rnd iilii) repre￿it ditTLYLmt ¢hurch&¥. detslls Page 3 Chorilv numb￿.. Compaftynumbtt.. Rinenls Cath at bank and in 5.743 .714 lil.) 14.1.114 Liabilities cr¢dil0￿ [￿lIng iviihin 8.995 Net Current Assets 141Ji9 1.14.(M5 Net Assets £141.9 E137.171 The funds of tk tharity ljnrcstricicd furKL$ Re8tricioJ itKonx fwKIs 1.17.17.1 Total Charity Funds £143.9 £137.173 Trsc acwjnts ar¢ pr¢rArryl in accordttftce Mith the s￿111 Pro￿1$10n$ ol"Part 15 of the Compani¢s Act relaiin8 to smoll cOm￿nIc& ror th¢ year ethj 31 January t1￿ compAni ¢nliUvJ io it￿PIlon from &￿j11 ￿d¢r wtion 477 of the Companies Act Th¢ M¢m1K￿ haTrr not requird ihe compn¥ lo obtsin an audil in accordan¢¢ iiith *cliort 476 ofthe Companics A￿ Th. Th¢ dir¢ctors aCK￿lY1¢d8C ih¢ir Te5ponsibililI￿ for ¢Th5urin8 thal thecharii!. keqis accounting records ithieh complv iiilh sections 386 and 387 01ihc Compnies Act_VM16 and for prepring f1m￿lA1 al￿nents Mthich give a and fair of th¢ ofaiTairs of th¢ charilN' a5 41 lh¢ ¢nd ofi financial year and of its surplus ord¢ficii for each fina￿131 itar in #Lrorkn ￿lih the tequiremcnts of 5cclion$ 394 and 395 And which ￿h¢￿VISe compl!'Miih ih¢ r¢4uirtn￿nts ol"theCompanies ?O(kS so faT 2$ aNjli￿bte lo the charitv. 'rh¢ linarKial *al¢mLm15 *tre approved h. Ihe Board of L)irLYkns cffl I l ckto￿T_￿Tr_i and *rre Si8ned on its behaifbv.. Nornmn W H¢ad . L)iT¢¢Ic CANAAN CHRISTIAN MINISTRIES (a company limited by guarantee) Notes to the Finanaal Statements for the year ended 31 January 2025 l Actounting policies Thc principal a(tounuDg policies adopied in the pTcp2Trl￿n ofthe financial SLgtemeMs are as follo￿s. The fmancial statements knre been prepared in ac￿[da￿e ii'ith Accounting 2nd Reporting by Charities: Sthiemeni of Recommended Practice applica>le lo charilics preparing th¢ir accounts in accordance ii'iili Ihe Financial Reporting Standard applicable in the UK aryt Republic of ircland issued in Oclobcr 2019. the Financial Reporting Standard applicable in the UK aNI Republic of Ireland (FRS102). thc Chariucs Ath 2011 and Ihe Companies Act 2006. The chritiT meets the definition of a public benefit enlitt. under FRSI 02. Assets ind liabilities aE iniliallv recognised ai histori￿1 cost or Iransaclion value unless oil)eni"is¢ slaled in Ihe relei.'anl accounlin8 wilia,. Pre ralion n Ihe acth)unt.Y on a in cnne rn ha.fi.f T]￿ booksliop and Minislries Fund ate boui in a surplus posilion aThl. as sucJL Ihe direciors believe t1￿1 no matetial uncertainties elist. Accordingj).. fi￿￿¢1a1 slatemems hai"¢ bc¢n P￿pa￿d on a going concern basis. Fund.sAccounli Thc accounis includc all transKtiOlLS, 855¢ts atMI liabiliiies for ii.hich I1￿ charity is rcsp)rsiblc in Jam:. T1￿ funds hekl by the chwity during the period We￿.. 'Main Bookshop Trust Futxl.. This fund is unreslTicled. unTe￿ncIed funds can be used in accordance with thc charitablc objccts of thc Companv al thc di5Ctclion of thc dircclOIS. 'Minislries Fund.. This mainlv cornpti5¢5 an unreslricied fund availablc for ministry costs such as maini¢nan¢e of counselling facilities awl occasional public Chtislian nK¢lings. as well as supporting thc primar), acliviry of running a c1￿$11an booksly. Rcslricicd funds Tcp￿sCll1 funds which mai, onlv be used for a panicular purpose b). tk ctwity.. bul rcrn3in M'h)ll)' undcr Ihe control of the ch8ri1!'. Note I I proi'ides fllrt1￿r details reE￿Ing ihe5e funds. Inconie Income r¢presents amounts receivable during the period ￿1 or1￿u¢ added iaK i￿luding amounts from donors. Income frnm gifts is rccognised M"h¢n the charittp has enliilemenl lo the funds. li is probable thai ihe income will be reLYived a￿1 the aDK>unl can be r¢liabh'. In¢om¢ ￿lled from HM Revenue & Cu&onTh in ￿ forni ofiai r¢ciairncd on gift aid donaiions: is rccognised H'hen Ihe income lo ivhich rlale is T￿eLl'ed. Grants atKI legacies a￿ [￿gnised M,hen Ihe ¢haTilv becomes l¢gall! eniiiled io ￿e1ve 1￿m. Inte￿￿ is Tccognised iihen rcceilable. Gifts ofslock ar¢ *?lued ai the lowerofi￿ ank)unt Ihe chariiy Iv4'e been M"illin8 io ￿). lor ihem and realisable value aNI w￿n rcc¢iv¢d. ndiiu Expenditure is re¢ognis¢d 0￿e there is a legpl or constrnctive obligation lo rnak¢ a paymeN io a third partv. A is pmbable thai settkmeni iiill be required arKI Ihc amounl of Ihe obligation can be measured liabl*. IrTeco*'erable VAT is char8ed as a cosl again￿ 3Clii'ilY for ii,Iiicli the e.IpeJMlilure li'as incunEd. E*penditu￿ on charilabl¢ xtiNitie5 include5 the operdtioTr of a bookshop and minism. costs as dcscribcd abovc. E￿C￿li1Vrc ¢icI￿￿CS lin￿ ald maieriajs f￿e]1' giiicn b!. voluntccts. Page 8 CANAAIY CHRISTIAN MINisfRIES (A eompan) limit¢d by %uArantee) Notes to the Flnan¢ial Statemonts for Ihe yMr thded 31 JIn￿ry 2025 l Aeeountlni polkiulu•ntiDued) T&n8ibl¢ fix¢d assets are ststed at ¢051 or ￿l￿tion l¢ss M¢¢umul#l¢d depffci*tion SNI aeeumtsl#i¢d iMpAirn￿nt losse$. Cosl incl￿1¢5 CO515 dirffily Oiiribulkble lo moLii)B Ihe assels CRNLble ofoperntirt as int¢nd¢d. Lkpwcialion is wovided on All I&￿1bk fixa A$8e15 al rai¢y cal¥ul#ieO ￿ u'rit¢ off the cosl l¢ss estimpt¢d raid￿1 Vol￿ of each ass¢t on # s)¥temaiic basis oY¢r its Lip￿ed useful life as rollowa.. L¢as¢lh)Id r¢f¢irhi#hmenl Tr Li8hihous¢ rtxtur¢s and fillin83 Equipmcnl Jlrni8ht line over ih¢ krn) ofthe l¢a $irni8ht li IS•,. reduein8 bala￿¢ Stock"s ar¢ slated at ihc loiirr olcosl and ¢￿IMal¢d 5¢11in8 Pri￿1¢5S ¢051s to 5¢11. tknnaied il¢ms of giock 4r¢ reco8nised At fair vilu¢ which is amount the chrit). MDuld hi'¢ been ￿lIlIn8 lo poy for the i1cThYs on Ihc opcn mgrk¢l. Cost is meaSu￿d on A firsl in lirsl out basis. Ass¢1$ nol m¢gsurql al f•ir value arc revi¢Mrd for am. iThJi￿tion ihi ih¢ assa mii, be iM￿lrea 41 each balance sheth dat¢. Il"such Indi￿110n ¢¥ist* ih¢ tt¢ov¢rnble anb)unt ofihe awl. or Ihe as8el's ea$h 8¢n¢ralin8 unii. is ¢slimilol and wmparcd io I1￿ canyin8 arn￿1. Whcr¢ lh¢ ￿n1'In0 amount ¢%¢¢¢di 11$ ff¢ov¢rnbl¢ amounl. an impairnth loss is r¢coBniscd in irtomc or ¢%￿nditUr¢. hi Trnd¥ arAI otlw debtor¥ rewnised at the gBiilern¢nl amounl du¢ aft¢r om, ir4d¢ di*ounl 01T*￿I. l¥¢pa)Thnl5 ar¢ value4J #i the allh)uni pfewd net ofani, irade di$￿￿nIS d￿. Cmlilors and Provisio￿ are r¢w8nis¢d th lh¢ ¢hJrih' hos ts ryesent ohliBation resuliing from a post ev¢nt thoi ￿111 probably result in ihe irnnsfer offuftd5 to a third al￿ th¢ amouni du¢ lo setti¢ Ihc obli8Otion con be me85ured or CSlima¢¢d reliablj. Lr¢diklts provisions arc nomwll!. feCO8nised Ai iheir sdil¢menl I￿￿U￿1 atkr allown8 lor trade discounls due. lolinJ Th¢ ¢h4rilY only h$ fin1￿1•1 Dssds and liabilili¢5 ora Lind thli wlif!. as b8si¢ fin1￿•11 inslwm¢nts. Ba51¢ lin￿￿117 inslrum¢nts are iniliallv r¢¢owu*d al irnns*iion i•lu¢ and sUbs¢q￿￿1¥ mea8uKed al their s¢ttkm¢nl valu¢, TIK ¢haritv o d¢fiN¢d ¢ontrib￿lOn ￿1￿1011 Sche1￿ duriiw th¢ y￿r. Loiitriiwli0115 lir¢ ¢h8r8¢d io ihc iwrnc aThl ¢xP¢￿itUr¢ ac￿1n1 as ikn. Iwm¢ pa)'ablc. TIK ¢haritv is ¢%empt from corFx)rnti4Jn on its chg1itsbl¢ Xiiviiies. 2 Leyl ¥¢atu¥ of the Comp*tty The ¢harily is a privale ¢omFmnv limit•J by gwrnnlee aNI BOveM￿ bi charity lam, in England. UK. Tk company's presenlhtion cUrr¢￿V is pounds thdiiig. and a¢¢ounts arc To￿nd¢d to £. CANAAN CHRISTIAN MINISTRIES (a cornpan) limited by guarantee) Note5 to the Financial Statemenls for the )tar ended 31 Januan 2025 3 Incomc from donat￿n5 'lThe charity benefiis greatfy from the invohtm¢n¢ and ora numbtr ofi.Dlthfieern In Aeeord iiilh the Charities ￿)RF {FRS 102). the ecoThHnic ¢onth￿￿10￿ of Bcneral i'olimiccrs is wsed in accounts. 4 Income from and eypendithre on charitable actii'ities Pagcs 12 8T￿ 13 prrntidc a dcthilcd hfcak.&)iiTJ of irKomc a￿1 ciTrrnliturc. 5 DireclorJ' remuneration No ranun¢ratioo Ecr*fits from emploimenc P8vm¢rt for pml"essh)rnl or oiixy ￿ryCes or T¢llnbufsed eiyensrs iirr¢ 10 dI[￿lo[S during the 6 Fees for examination of the xcounts Year io -11.1.25 Year to 1tsje￿mle￿{ oxamit*s fe¢s l(Y rep(Y[l￿ on accowts 1.358 1.288 7 Staff Cosl Salarie& iwes aTrl 1¢¢$ I)ension contributions $4.638 894 £55.i32 5).439 £51.308 'll* averagc of paid ¢mplovees dwi]￿ i'LYrofopwations M•s 4 (7024- 4) No cmplnycc TeccivLxI rcmurmiion (PT￿ra*) (bl"moTC £fi().a(M) in ei￿r Ncor. The iotal key management ws0￿1 remuwdtion aThJ benefils MEre U2,lQ) {2024 - £30,450). There WEte relatpA party [raw¢li0￿ durirg tl* (2024- Ivl) 8 Fixed &8sets- tangible asxts Fiilures & B(vkshop tefiwbishnKni lillin8s equipm¢nl I'othl Cost Al l Febnw%' 2024 Additions i.928 13.677 6218 4.)21 30.344 Ai 31 J*)nuory 2025 .928 £13,677 £6218 £4.521 £30,344 DLprecialK At I februthN 2024 Clwrge for th¢ year 5.928 13,677 3.988 27216 559 224 Al.3 l January 2025 £5.92% £13.677 £4_111 £.l.A47 £27.775 31 January 2025 £1.89) £674 £2.569 At 31 Jan￿ry 2024 £2,230 £3.128 Page 10 CANAAN CHRisfiAN MINIsfR]ES (a company limlied bv guarantee) Notes to the FlnAn¢lal Sts¢emenls for th¢ year ¢nded 31 J*mian 201fj 9 D¢btors and prepaynKn¢s ?L?4 Tr8d¢ debtors Oiher debiots PwAyMi¢nts 749 1.036 £5.?4.a £5.74.1 10 Credliors and a¢¢ru¢d dmrses Trade CTedilors Taxaiion and gXi41 wwrily A￿1￿1$ 4.14( 3.146 1.764 4.085 4.1 Élo_￿7 £8.995 I l Rowlt# for the ye4r BookslK)p ju￿luS Minislrics surplus 1.741 5.014 1.583 Net surplu¥ for ih¢ )V4T £6.755 L3.357 A2 DonatlDns Grant¥ [kKU￿10n¥ a￿1 lu￿111n￿ ov¢r £l.IXKI I&￿.1¥￿ L)r f¢LYi*abl¢ Irom ofih¢ followin8 or8aniAali(ms.' ?Q5 ni¢ Kitw'¥ C¢)mmuiiilv Chur¢h. Sthin CANAAN CHRISTIAN MIMSTRIES (I comp•ny Ilmlted by guarantee) 13 Muin Boi>kshop Trn¥t Fund Trndln& Ineorne & ExpeThdlture Account for the vear ended 31 J4nur4ry 2025 YcllTlo.31.1 ?5 Yearlo.Jl.1.24 1 $4.68? 14?.081 Opcnin8 Stock Pur¢hase3 COITLL Louiiu¢ PuTL.hay#¥ 44_189 76.170 311 491 clo￿n# $14xk 41).6(13 44.38? 8.1.544 74,615 Grom Prnflt: 46.0•/0 (2024- 47.30/0) Exp¢nx¥ (suppvrt ¢oili) Salary aiid p¢iisioii ¢osls Rknl Light. heal and w4l¢r Insur4nce, fire and qeeurilv Td¢phone. fa¥ and inleThKI Prinlin8, poglagc and sthiionery R¢pair¥. nwinl¢nHn¥¢ #nd hir¥ AdvertiSi118 aiid displa>. LI¢RninB and waste mgna8¢menl Dniik 5wil¢h ¢hir8¢1 Gov¢mance costs.. a¢counlanci' And Klalcd disbursemenls Sub5¢riplions and licenccs Coniribulion from Minislrics Ley% ￿18￿ wiiidoiis al￿ ¢l¢¢lri¢i .1 rnnsfcr froni Ministrics MiycellaneoiL¥ 55.5.1? 51.308 4.7?4 l.nCi9 565 1_149 1.7?1 1.039 743 6U5 9.10 513 5? j 9411 ?.438 465 (1?750) 546 (1 ?.7501 l.Q46 I l.U461 I.IW7 (0.3351 1.540 71).6.18 66.7rJ) Operatln8 surplu$ before depreelatlon Dcprc¢ialion 500 {559) (69.1) Oper#¢lng (dtfieh) after (kprecl•¢lon (59) {?6) tiraiil iii¢ovie r¢ttiv8bl Donolion$ ￿e¢l￿td - 8en¢rnl Net surplui for thc year 1.741 1,774 Balance brought forward at l Febrnary 2024 80.169 78,395 Balance ¢arrled forward at 31 J•nu*n' 2025 £81.910 £80.169 Page 12 CANAAN CHRISTIAN MINisfRIES (a cornpany Ilmlted b) guarantee) 14 Ministries Fund Staiement •f FthaDelAI Activitla for Ilbeyear ended 31 201$ Unr¢slit¢l￿l Restrickd Yew kn UiiresiTicfrd ReytrIc￿l Year lo rul￿5 ruThl¥ runds Ineome Donalions and Oth￿ income £19.7_ £19.7?9 L?1 ?45 £0 L?1 ?45 Expendltsre DSre¢t ch4rlt*bk expendhure 14.715 14.715 19.6(L? 19.6L? £14.715 £0 £14.71 S £19.(&? £0 £19.6L? Iyel Income and net movement in the year s￿14 5,014 lJ83 1.583 Bthnce brought forward at l F¢brnAry 2024 57.(M)4 57.(K)4 53.4?1 55,4?1 Ballnce ¢arrled forward 4131 J#nu*ry 2025 £6?.018 &5?.018 £57. £57.004 Page 13