CENTRAL READERS COUNCIL CIO Registered Charlty Number 1182319 FINANCIAL STATEMENTS FOR THE YEAR ENDING 31st DECEMBER 2025 CHURCH HOUSE GREAT SMITH STREET LONDON SWIP3AZ INDEX Page Statement of financial activities ISOFAI Balance sheet Notes to the accounts Accounting policies Analysis DI SOFA Analysis DI delegated funds Analysis ol designated funds Investments and Trustee notes Independent Examiner's report to the Trusiees
CENTRAL READERS COUNCILCIO STATEMENT OF FINANCIAL ACTIVITIES FOR THEYEAR ENDED 31ST DECEMBER2025 Unrestricted funds Restrlcted funds Total2025 Totsl 2024 INCOMING RESOURCES Voluntary Income Diocesan contribuiions Generated Income Magazine and Website Income Sundry sales 23.178 23,178 25,531 70,253 2,326 72,579 70,253 2.326 72,579 63,629 1,925 65,554 Donatlons re¢elved Investment Income Total Income TOTAL INCOMING RESOURCES 693 693 7,134 103,584 103,584 838 7,940 99,863 99.863 7,134 103.584 103,584 RESOURCES EXPENDED Cost of Generatlng Funds Fundraising costs Cost ofGenerated Income Magazine an(1 Website costs Cost ol sundry sales 53,078 4,413 57,491 53,078 4.413 57,491 62,355 788 63,143 Other Charitable Actlvities Educational Modules Subscriptions web siteldatabase Grants made 268 7,503 3.850 11,621 8.660 2,840 11.500 8,660 2,840 11,500 Governance costs 28,455 28,455 30,186 TOTAL RESOURCES USED 97,446 97,446 104.950 NET RESOURCES UNREALISED GAINS Decrease in value of investments 6,138 6,138 15.0871 -5,294 844 226,578 227,422 -5.294 844 2.968 12,1191 228,697 226.578 FUNDS as at IstJANUARY2025 FUNDSAT31ST DECEMBER2025 226,578 227.422
CENTRAL READERS COUNCILCIO BALANCE SHEET ASAT31ST DECEMBER 2025 2025 2024 FIXED ASSETS- Tangible fixeil assets LONGTERM INVESTMENT CBF Investment Fund Shafes lat market bid value) Isee Notes) 127.433 132.727 CURRENT ASSETS Stock Sundry debtors Isee notes) CBF General Fund Deposit Alc CBF Adams Myland DepositAJC CAF Bank Current AJC CAF Bank Deposit Alc CAF BankAdams-Myland Alc 1.240 3,386 32,899 19,320 1.014 42,384 4.906 105,149 5,653 5,347 32.899 19.320 55 29.619 2,622 95,515 LESS: CURRENT LIABILITIES Cfeditorslsee notes) 5,160 1,664 99,989 227,422 93,851 226,578 NET ASSETS FINANCED BY.. UnrestricteLI funds Capital fund Unrealised surplus on investments 12,483 109.051 12,483 109,051 121,534 121,534 Income funds General Delegated Funds Adams-myland 52,380 16,084 37,424 65,930 19681 40.082 105,888 105,044 TOTAL FUNDS 227,422 226,578 Approved by the Trustees on and signed on their behalf by: Chair Hon Treasurer
CENTRAL READERS, COUNCIL CIO Notes to the Accounts for the Year to 31st December 2024 (These notes form part of the Accounts) l. Accountin Policies Basis of arin 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 IFRSSEI 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities (the FRSSEI leffective l January 20151,, the Financial Reporting Standard for Smaller Entities (effective January 20151 and the Charities Act 2011. The financial statements have been prepared under the historical cost convention with the exception of investments which are included at market value. re INCOMING RESOURCES Recognition of incoming These are included in the Statement of Financial Activities ISOFAI when-. I the charity becomes entitled to the resources,. 2 the trustees are virtually certain they will receive the resources,. and 3 the monetary value can be measured with sufficient Incoming resources with related Where incominE resources have related expenditure las with fundraising or contract income) the incoming resources and related expenditure are reported gross in the SOFA. Grants and donation5 Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources. The value of any voluntary help received is not included in the accounts but is described in the trustees, annual report. Investment income This is included in the accounts when received. Investment gains and losses This includes any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end c>1 the year.
CENTRAL READERS, COUNCIL Notes to the Accounts for the Year to 31st December 2024 (These notes form part of the Accountsl EXPENDITURE AND LIABILITIES Liablllty recognitlon LiaL)ilities are recognised as soon as there 15 a legal or constructive obligation committing the charity to pay out resources. Governance costs Include costs of the preparation and examination of statutory accoLtnts, the costs of Executive Committee meetings, officers expenses and any legal advice to the trustees on governance or constitutional matters. Grants payable without performance conditions These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remains in the control of the charity. ASSETS Investments Investments quoted on a recogllised stock exchange are valued at market value at the year end. stocks These are valued at the lower of cost or net realisable value.
CENTRAL READERS COUNCILCIO NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER2025 Statement ol FlnanclalActivities General Delegated funds funds Designated funds Magazine Adams Myland {See below) (See below) 2025 2024 Totsl Income Diocesan contributions Ivoluntaryl 23,178 Sales ol merchandise 2.326 Magazine Subscriptions Magazine Advertising Donations received Investment income Other income Total Income 23,178 2.326 60,502 9.663 693 7.134 88 103,584 25,531 1,925 54,571 8.993 838 7,940 65 99,863 60,502 9,663 67 2.755 88 28,414 626 4,379 70,165 5,005 28,414 70,165 5,005 103.584 99,863 Expendlture Salaries Professional fees Officers. expenses Executive Committee Other commiltee meetings Educational Modules Magazine production costs Subscriptions web site Subscriptions database Cost ot merchandise sold Grants made In(lependent examiner fee Admin expenses Depreciation Total expendlture 23,353 23,353 6,673 1.764 491 22,986 8.307 950 3.071 6.673 1,764 491 1,447 1.447 268 53,932 7.619 46,440 46,440 8,660 8,660 4.413 4.413 2,840 loo 1,265 2.840 3,850 loo loo 1,205 60 3.334 533 41.433 53,113 2,900 97,446 104.950 113,0191 17,052 2.105 6,138 15,0871 Transfer tietween funds Change in value of investments Surplus (Deficit) for the year 15311 113,5501 -4.763 12,6581 -5,294 844 2,968 12,1191 17,052 Balances brought forward Balances carried forward 68,059 54.509 19681 16,084 159,487 156,829 226,578 227,422 228,697 226,578
CENTRAL READERS COUNCILCIO NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER2025l¢ontlnuedl Delegated funds The trustees delegated funds to a communications committee. This has a responsibilityforthe Transforming Ministry magazine, the CRC website and sovial media. Designated funds The executive committee designated a separate fund forthe specific purpose. The Adams Myland fund represents a legacyfrom Mrs Adams and a gift from Miss Myland, ol which the income derived trom the lunds are used for the good and the training ol Readers. The original investment was £12,483. Reirnbursed Expenses Five12024 eight) trustees were reimbursed expenses to a total of £217 in 202512024- £9951- Salary Costs The Central Readers Council employed 2 members of staff during the year. 2025 23,353 2024 22.986 Salarie5 & National Insurance £ Investments Designated funds General fund Total 2025 Total 2024 At 1st January IDecreasel I Increase durirbg year At 31st December 119.404 -4,763 114,641 13,323 15311 12,792 132,727 -5,294 127,433 129.759 2,968 132.727 Holdings forthe general fund.. 576.20 shares at £22.20 each12024 £23.121 Holdings from the Adams bequest: 2,964 shares at £22.20 each12024 £23.12) Holdings forthe Myland bequest.. 2.200 shares at £22.20 each12024 £23.12) SundryDebtors 2025 2024 Accounts Receivable Accrueii income 1,141 529 3,501 Stripe Clearing Account 1,715 3,385 1,846 5.347 Credltors Sundry Creditors 5,160 5,160 1,664 1.664
INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF THE CENTRAL READERS COUNCILCIO I report on the accounts ofthe charity for the year ended 31st December 2025 which are set out on pages 2 to 7 Re5pectlve responslblllties ol trustees and examlner The charity's trustee5 are responsible forthe preparation of the accLiunts. The charity's trustees consider that an audit is not required for this year lunder section 144121 of the Charities Act 2011 (the 2011 Actll and that an independent examination is requiTed. It is my responsibility to: examine the accounts under section 145 of the 2011 Act,. follow the procedures laid down in the General Directions Eiven by the Charity Commission lun(ler section 14515llbl of the 2011 Act). and state whether particular matters have come to my attention. Basis of independent examiner's report My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and 8 comparison of the accounts presented with those records. It also includes consideration ol any unusual items or disclosures in the account5, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the amounts that would be required in an audit, and consequently no opinion 15 given as to whetherthe accountms present a'true and fair view, and the report is limited to Ihose matters set out in the Statement below. Independent examlner's statement In connection with my examination, no matter has come to my attenlion.. 111 which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with section 130 ofthe 2011 Act: and to prepare accounts which accord with the accounting recorls and comply with the accounting reouirernents of the 2011 Act have not been met,. 01 121 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reachett. Richard HW Beath Bsc FCCA 58ACombe Road Combe Down Bath BA2 5HZ Date 16-Mar-26