Registered Charity Number: 1174964 LANCASHIRE COLLABORATIVE MINISTRY CIO REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024 Ainsworths Limited Charter House Stansfield Street Nelson Lancashire BB9 9XY
LANCASHIRE COLLABORATIVE MINISTRY CIO CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024 Report of the Trustees Independenl Examiner's Report Statement of Financial Activities Balance She¢l Notes to the Financial Statements 7- 13
LANCASHIRE COLLABORATIVE MINISTRY CIO REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2024 The trustees present their annual report and the unaudited financial slatements of the charit), for the year ended 31, August 2024. Th¢ financial statements comply with the Charities Act 2011 and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) (effective l sl January 2019) (Charities SORP (FRS 102)). LEGAL AND ADMINISTRATIVE DETAILS Registered charity number 1 174964 Registered address Bowland House Philips Road Whitebirk Estate Blackburn BBI SNA Trustees Herbert Anthony Cann Lawrence Forshaw (resigned 16 July 2024) Dorothy Hewerdine Anne Mills Freda Whillle June Forshaw Key management personllel Rev Dr Shannon Ledbetter Independent Examiner Michael Heys FCCA ACA Ainsworths Limited Charter House Stansfield Street Nelson Lancashire BB9 9XY Bankers Lloyds Bank PLC Cliurch Street Blackburn BB2 IJQ
LANCASHIRE COLLABORATIVE MINISTRY CIO REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31ST AUGUST 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT OrganisatlODal status Lancashire Collaboralive Ministry CIO was registered as a Charitable Incorporated Organisation ("CIO") on 3 October 2017 under the provisions of the Charities Act (Charity number.. 1174964) and is governed by its foundation constitution of the same date. Organisational structure The Board currently consists of five trustees whose responsibility is the governance of the charity. There is one employee who tends to the day to day operations of the Charity. Recruitment and appointment of new board members The trustees themselves appoint new trustees to the Board as necessary. New trustees are trained by existing trustees. Risk management The trustees hav¢ ¢xamined the major strategic: business and operational risks which the charity faces and confirni that systems have been established to ensure that regular reports are produced and that necessary steps can be taken to address any issues arising. OBJECTIVES AND ACTIVITIES The objects and activities of the charity are: the promotion of religion in accordance with the principles of the general assembly of unitarian and free Christian churches. to carry on activities in furtherance of the object above" and the provision of financial and other support to member churches, including the support of ministers and property, enabling the churches to further their activities. Publie benefit In setting out the charity's objectives and planning of activities the trustees have given careful consideration to the Charity Cornmission's guidance on public benefit and believe that the activities above satisfy this requirement. ACHIEVEMENTS AND PERFORMANCE The Lancashire Collaborative Ministry CIO has continued to develop relevant local activities including for families and those that need support and help. Church services are held regularly, including, as requested: Weddings and Rites of Passage. Services are available digitally on Zoom for members and others who cannot attend in person. Support is also given to the coinmunities local to our churches and chapels, including making our facililies available. Other activities support the interactioii belween different faith groups. Future plans No significant changes to the operations of the chartty are foreseen.
LANCASHIRE COLLABORATIVE MINISTRY CIO REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31ST AUGUST 2024 FINANCIAL REVIEW The accounts of the charity show income of £50.412 (2023: £70.097) and expenditure of £63.443 (2023: £61,211). Income has reduced due to lower ant income, whilst expenditure has increased by a modest 3.60/0. As a consequence of the reduction in income. the charity has made a deficit of £13.031 (2023.. £8,886 surplus). Whilst such a deficit is not sustainable. the trustees are satisfied that excess reserves are being utilised. Reserves policy It is the policy of the charity to maintain unrestricted funds, which are free reserves of the charity, at an amount that equates to 3 to 6 months operating expenditure, as recommended by the Charities Commission to allow the charity to operate effectively even when funding may decrease. Current free reserves are £2,997 equivalent to less than I month of operating expenditure. Whilst the current level of reserves arc below the targeted level, the Irustees believe the net asset position is su1Clent to satisfy such requirements although these levels of free reserves are reviewed on a regular basis. STATEMENT OF TRUSTEES, RESPONSIBILITIES Under charity law, the truslees are responsible for preparing the Report of the Trustees and the financial statements for each financial year which show a true and fair view of the state of affairs of the charity and of the net incomelexpenditure for that period. In preparing these financial statements, generally accepted accounting practice entails that the trustees: select suitable accounting policies and then apply them consislently. make judgements and estimates ihat are reasonable and prudent. state whether the recommendations of the Statement of Recommended Practice have been followed, subject to any material departures disclosed and explained in the financial statements. state whether the financial statements comply with the trust deed. subject to any material departures disclosed and explained in the financial statements. and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue its activities. The trustees are required to act in accordance with the trust deed of the charity, within the framework of trust law. They are responsible for keeping proper accounting records, sufficient to disclose at any time, with reasonable accuracy, the financial position of the charity at that time: and to enable them to ensure that, where any statements of accounts are prepared by them under the Charities Acl 201 l and the applicable Charity (Accounts and Reports) Regulations, those statements of accounts comply with the requirements of regulalions under those provisions. The trustees also have a general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the charity and to prevent and detect fraud and other irregularities. Charity requirements This report has been prepared in accordance with requirements set down by the Charities SORP (FRS 102). Approved by order of the board of trustees on the I l of June 2025 and signed on its behalf by: Herbert Anthony Cann, Trustee
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LANCASHIRE COLLABORATIVE MINISTRY CIO I report to the trustees on my examination of the accounts of the Lancashire Collaborative Mtnistry CIO (the Charity) for the year ended 31. August 2024. Responsibilities and basis of report As the trustees of the Charity, you are responsible for the prepatIOn of the accounts in accordance with the requiremenls of the Charities Act 2011 ('"the Act"). I report in respect of my examination of the Charities accounts Caled out under section 145 of the 201 l Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examiner's statement I have completed my examination. I confim) that no material matters have come to my attention in connection with the examinalion giving me cause to believe that in any material respect: ( l ) accounting records were not kept in respect of the Charity as required by section 130 of the Act; or (2) the accounls do nol accord with those records: or (3) the accounts do not comply with the applicable requirements concerning the form and contenl of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirements that the accounts give a 'true and fair, view which is not a matter considered as part ofan independent examination. I have no concerns and have come across no other Matte in connection with the examination to ivhich attention should be drawn in this report in order to enable a proper understanding of ihe accounts to be reached. Michael Heys FCCA ACA Association of Chartered Certified Accountants Ainsworths Limited Charterd Accountants Charter House Stansfield Street Nelson BB9 9XY Dated I I, of June 2025
LANCASHIRE COLLABORATIVE MINISTRY CIO STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2024 Unrestricted funds Restrieted funds Notes 2024 2023 INCOME FROM: Donations and legacies 50,000 50,000 70,000 Charitable aclivities Investment income 412 412 97 TOTAL INCOME 50,412 50,412 70,097 EXPENDITURE ON: Charitable activities 63,443 63,443 61,211 TOTAL EXPENDITURE 63,443 63,443 61,211 NET (EXPENDITURE)/INCOME (13,031) {13,031) 8,886 Other recognised gains/(losses) NET MOVEMENTS IN FUNDS (13,031) (13,031) 8,886 RECONCILIATION OF FUNDS: Total funds brought fonvard 16,028 1,092 8,234 Total funds carried fonyard 10 2,997 1,092 4,089 17,120 All transactions relate to continuing operdtions. There are no other recognTsed gains or losses for the period other than in the Statement of Financial Activities.
LANCASHIRE COLLABORATIVE MINISTRY CIO BALAIYCE SHEET AS AT 31" AUGUST 2024 Noles 2024 2023 CURRENT ASSETS Debtors 5.760 Cash at bank and in hand 24,686 12.563 24,686 18,323 CREDITORS Amounts falling due within one year 20,597 1,203 NET CURRENT ASSETS 4,089 17,120 NET ASSETS 4,089 17,120 FUNDS Restricted 10 1,092 1,092 Unrestricted 10 2,997 16,028 TOTAL FUNDS 4,089 17,120 These financial statements were approved by the Board of Trustees on the I l of June 2025 and signed on its behalf by.. Herbert Anthony Cann Trustee
LANCASHIRE COLLABORATIVE MINISTRY CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024 ACCOUNTING POLICIES Statutory information Lancashire Collaborative Ministy CIO is a charitable incorporated organisation regislered with the Charity Commission in England. The registered charity number and address can b¢ found in the Report of the Trustees on page l. Basis of preparation The financial statements have been prepared in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charities preparing theiraccounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and United Kingdom Generally Accepied Practice as it applies from 1$1 January 2019. Lancashire Collaborative Ministry CIO meets the definition ofa public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cosl or transaclion value unless olhenvise stated in the relevant accounting policy note(s). Going concern The financial statements have been prepared on a going concern basis as the Trustees believe that the charity has adequate resources to continue trading for the foreseeable fulure. Cash floiv The charity is exempt from the requirement to prepare a cash flow ststement as it qualifies as a small entity. Income All incomtng resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Inconie from grants and similar incoming resources are included in the period in which they are receivable. Any income received for specific pury)ose is accounled for as restricted funds when receivable. Expenditure Expenditure is accounted for on an accruals basis (inclusive of atlributable value added tax which cannot be recovered) and has been classified under the principal Categories related to the cost. Costs allocated to activities in the furtherance of the charity's objects are those directly associated with achieving the charity's goals. Support costs a those incurred in connection with the management of the company's assets, organisational administration and compliance with constitutional and statutory requirements. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
LANCASHIRE COLLABORATIVE MINISTRY CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31ST AUGUST 2024 ACCOUNTING POLICIES (Continued) Fund accounting Unrestricted funds are available for use at the discretion of the trustees in the furtherance of the general aclivities of the charity. Surplus funds can be allocated to restricted projects if the trustees believe they are required. Reslricted funds are funds subject to specific restriction imposed by the donors for the purpose of any appeal in which the funds are raised and can only k used for particular purpose wiihin the objects of the charity. Taxation The company is a registered charity and is therefore exempt from Income Tax and Corporation Tax under the provisions of Section 505(1) of the Income and Corporation Taxes Act 1988. Pension costs and other post-retirement benefits The charity operntes a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Deblors Short term d¢btors are measured at transaction price. less any impairn]ent. Creditors Short lemi creditors are measured at transaction price. Significant judgements and estimates The trustees consider that no significant j udgements or estimates have been made in the preparation of these financial statement DONATIONS AND LEGACIES 2024 2023 GRANT INCOME FROM: The Bowland Charitabl¢ Trust Nazareth Chapel Chorley Unitarian Chapel 30,000 18,000 2,000 50,000 18,000 2,000 50,000 70.000 Al l income above is of unrestricted funds unless otherwise stated.
LANCASHIRE COLLABORATIVE MINISTRY CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31ST AUGUST 2024 CHARITABLE ACTVITIES 2024 2023 Sundry income INVESTMENT INCOME 2024 2023 Interest receivable 412 97 412 97 EXPENDITURE ON CHARITABLE ACTIVITIES Unrestricted Restricted 2024 2023 Rawtenstall foodbank Salaries Social security costs Defined contribution pension costs Administrative services Printing, postage and stationary Grants paid to and on behalf of institutions (see below) Travelling expenses Advertising Independent Examiner's fees (see below) Sundry expenses Bank charges 3,086 38,142 3,086 38,142 35,877 (2,475) 3,589 13.985 846 3,814 12,359 3,814 12J59 2,044 1,937 602 1236 160 2,044 1,937 602 1,236 160 63 1,155 2,360 4,271 1,200 372 31 63,443 63,443 61,211 All grants were paid to or on behalf of religious institutions in respect of repairs and mainlenance of land and buildings from which they operate. The fees paid to the Independent Examiner consist of fees paid for the preparation of the financial statements £927 (2023: £9(K)), and for the independent examination £309 (2023: £300).
LANCASHIRE COLLABORATIVE MINISTRY CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31ST AUGUST 2024 STAFF COSTS The average number of employees of the charity in the period was l (2023: 1). Salary and pension Costs are disclosed in note 4 above. and relate solely to key management personnel named on page l. No employees were remunerated by more than £60,000 in the current nor preceding years. COMPARATKVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds Restricted funds Total funds INCOME FROM: Donations and legacies 70,000 70,000 Charitable activities Other Income 97 97 TOTAL INCOME 70,097 70,097 EXPENDITURE ON: Charitable activities 61211 61,211 TOTAL EXPENDITURE 61,211 61,211 NET (EXPENDITURE)IINCOME 8,886 8,886 Other recognised gains/(losses) NET MOVEMENTS IN FUNDS 8,886 8,886 RECONCILIATION OF FUNDS: Total funds brought foTward 7,142 1,092 8,234 Total funds carried forivard 16,028 1,092 17,120 DEBTORS 2024 2023 Other debtors 5,760 5,760 10
LANCASHIRK COLLABORATIVE MINISTRY CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31ST AUGUST 2024 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Accruals Pension creditor Other creditors 1,200 422 18,975 1,203 20,597 1,203 Other creditors consist of funds held on behalf of and owed back to another charity, due to its bank account being closed without nolice. The name of the charity is Proceeds of Sale of Manse Held in Connexion with Rawtenstall Unilarian Church. Its registered charity number is 237617. 10. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Restricted funds funds 2024 2024 Total funds Total funds 2024 2023 Current assets Current liabilities 23,594 (20,597) 1,092 24,686 {20,597) 18,323 {1.203} 2,997 1,092 4,089 17,120 11. MOVEMENT IN FUNDS Net movement in funds At 01.09.23 At 31.08.24 Unrestricted funds General funds 16,028 (13,031) 2,997 Restricted funds Legal advice sessions 1,092 1,092 TOTAL FUNDS 17,120 (13,031) 4,089
LANCASHIRE COLLABORATIVE MINISTRY CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31ST AUGUST 2024 ii. MOVEMENT IN FUNDS (CONTINUED) Net movement in funds, included in ihe above are as follows: Net movement in funds Incoming resources Resourees expended Unrestrieted funds General funds 50,412 (63,443) (13,031) Restricted funds Legal advice sessions TOTAL FUNDS 50,412 (63,443) 13,031 Compargtive for movement in funds Net movement in funds At 01.09.22 At 31.08.23 Unrestricted funds General funds 7,142 8,886 16,028 Restricted funds Legal advice sessions 1,092 1,092 TOTAL FUNDS 8,234 8.886 17,120 Comparative movement in funds, included in the above are as follows: Net movement in funds Incoming resources Resources expended Unrestricted funds General funds 70,097 61,211 8,886 Restricted funds Legal advice sessions TOTAL FUNDS 70,097 61,211 8,886 Unrestricted funds represent surplus income in excess of expenditur¢ and is available for use by the trustees in accordance with the charitable objects. A legal advice clinic has been launched at Rawtenstall Unilarian Church on Bank Street. This initiative is in partnership with the Open University's Open Justice Cenlre and the University of Lancaster's Law School. The partners want to help alleviate the slrain caused by unresolved legal issues at a time when legal support services have been cut significantly. 12
LANCASHIRE COLLABORATIVE MINISTRY CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31ST AUGUST 2024 12. TRUSTEES There were no reimbursements to trustees in respect of travelling expenses in the current and preceding yea. 13. RELATED PARTY TRANSACTIOIYS There were no related party transactions in the CUent nor preceding year. 13