2023-12-31-accounts

REGISTERED CHARITY NUMBER: 1183617

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

THE CHURCHES TOGETHER SHOP

Graham Paul Limited Court House Court Road Bridgend CF31 1BE

THE CHURCHES TOGETHER SHOP

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

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Page
Report of the Trustees 1 to 2
Statement of Financial Activities 3
Balance Sheet 4
Notes to the Financial Statements 5 to 9
Detailed Statement of Financial Activities 10
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THE CHURCHES TOGETHER SHOP

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. 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

Background

A Maelfa Shop has been running for many years under the aegis of the "Cardiff East Ecumenical Mission Partnership" and its Sponsoring Body with Cytun. However the decision was made that it should become a CIO in its own right, and this was achieved in 2019 as The Churches Together Shop.

The shop is located at Maelfa Shopping Centre, Llanedeyrn, near the eastern outskirts of Cardiff. Following many years in two other shop units in the Maelfa Centre (now demolished), it moved into its present premises in April 2019.

Objectives, Aims and Activities

The trustees have had regard to the guidance issued by the Charity Commission on public benefits.

The prevention or relief of poverty by providing information, items and services to individuals living in East and North Cardiff who are in need. For the public benefit to promote the social inclusion of people living in East and North Cardiff, by preventing such people from becoming socially excluded, relieving the needs of people who are socially excluded and assisting them to integrate into society.

The Churches Together Shop ('the Maelfa Shop') is administered by the trustees.

The shop sells nearly new clothing, gifts, books, DVD's and CD's and other items at reasonable prices. There is also a café serving tea, coffee and breakfasts. It serves as a drop - in centre where volunteer staff can minister to the needs of the community.

Visitors can also receive help with form filling and signposting to other care agencies, housing and benefits advice. The shop also provides a welcome to visitors, many of whom do not have opportunities to meet with other people and who appreciate having a warm, comfortable place where they feel safe and can relax and where they can mix and have companionship with others. Members of the local clergy visit the shop on a regular basis and are always available to assist any customers who wish to speak to them.

ACHIEVEMENT AND PERFORMANCE

Achievements of the charity

The shop is a beacon of hope to many and has helped countless people over the years. The plan to add a professionally staffed counselling service to the services currently provided was delayed due to the restrictions required by Covid.

The shop provides a welcome to visitors, many of whom do not have other opportunities to meet with other people and who appreciate having a warm, comfortable place where they can feel safe and relax and where they can mix and have companionship with others. Members of the clergy visit the shop on a regular basis and are always available to assist any customers who wish to speak with them.

At present the shop has 6 local people who are volunteers, and these are gaining in confidence and transferable skills. An estimated 30 people visit the shop on a daily basis and a hard-core of regulars who use the cafe and who regularly compliment us on the good food, the cleanliness of the shop, for selling good quality products and the politeness of the staff.

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THE CHURCHES TOGETHER SHOP

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

FINANCIAL REVIEW

Reserves policy

Reserves are held in place to ensure that the Maelfa Shop has sufficient finances to meet any unforeseen expenditure, or respond to changing circumstances. At present the reserves need to be held in place until the manager and deputy are replaced. An additional part time manager has been appointed and has commenced their duties in September 1st 2024. The reserves also need to be held until ongoing problems with companies supplying gas, electricity and water are finalised. Once these matters are resolved, the trustees will be considering the use of part of the reserves to fund appropriate projects within the community. The trustees believe this represents sound financial and risk management.

Financial position

The financial position and the income and expenditure for the period are included in the detailed reports attached.

The Trustees are confident that the charity will continue as a going concern.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, the Constitution, and constitutes a Charitable Incorporated Organisation registered in England and Wales with the Charity Commission.

Induction and training of new trustees

New Trustees are appointed at properly constituted meetings, following consideration of credentials by the existing Trustees.The existing trustees' terms of office will be extended in the same way,

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1183617

Principal address

Ty Maelfa Llanedeyrn Cardiff CF23 9PL

Trustees

Reverend J A Henley J Thorne F L Jacobsen A L J Kleissner

15.10.24 Approved by order of the board of trustees on ............................................. and signed on its behalf by:

................................................................. Reverend J A Henley - Trustee

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THE CHURCHES TOGETHER SHOP

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

2023 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Other trading activities 2 18,022 Investment income 3 486 Total 18,508 EXPENDITURE ON Raising funds 12,356 Other 4 127 Total 12,483 NET INCOME/(EXPENDITURE) 6,025 RECONCILIATION OF FUNDS Total funds brought forward 42,729 TOTAL FUNDS CARRIED FORWARD 48,754	2022 Total funds £ 15,654 53 15,707 17,206 501 17,707 (2,000) 44,729 42,729

The notes form part of these financial statements

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THE CHURCHES TOGETHER SHOP

BALANCE SHEET 31 DECEMBER 2023

2023 Unrestricted fund Notes £ CURRENT ASSETS Cash at bank 64,518 CREDITORS Amounts falling due within one year 7 (15,764) NET CURRENT ASSETS 48,754 TOTAL ASSETS LESS CURRENT LIABILITIES 48,754 NET ASSETS 48,754 FUNDS 8 Unrestricted funds 48,754 TOTAL FUNDS 48,754	2022 Total funds £ 55,393 (12,664) 42,729 42,729 42,729 42,729 42,729

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 15.10.24

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.............................................
J A Henley - Trustee
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The notes form part of these financial statements

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THE CHURCHES TOGETHER SHOP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the incorporated charitable organisation, 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 Companies Act 2006. The financial statements have been prepared are prepared on an accruals basis.

The accounts are presented in £.

Income

Income is recognised in the Statement of Financial Activities when the charity is at the point of sale. Goods donated to the charity are recognised at point of sale as it is impractical to determine a realisable value of the goods until that point

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.

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.

Grants

Grants are recorded when received and credited to income in accordance with the performance requirements, if any, of the grant.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and bank accounts.

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THE CHURCHES TOGETHER SHOP

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

2. OTHER TRADING ACTIVITIES Shop income 3. INVESTMENT INCOME Deposit account interest 4. OTHER Support costs	2023 £ 18,022 2023 £ 486 2023 £ 127	2022 £ 15,654 2022 £ 53 2022 £ 501

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM Other trading activities Investment income	Unrestricted fund £ 15,654 53
Total	15,707
EXPENDITURE ON Raising funds Other	17,206 501
Total	17,707
NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward	(2,000) 44,729

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THE CHURCHES TOGETHER SHOP

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

7.

Unrestricted fund £
TOTAL FUNDS CARRIED FORWARD 42,729
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 £ £ Other creditors 15,764 12,664

Creditors include approximately £10,000 in accruals for utility services which have not been billed by the suppliers.The charity is attempting to identify the correct meters and related suppliers to resolve these issues. The figure is the Trustees current best estimate of costs at this time These accruals are separate from the dispute noted in contingent liabilities.

8. MOVEMENT IN FUNDS

MOVEMENT IN FUNDS
At 1.1.23 £ Unrestricted funds General fund 42,729	Net movement in funds £ 6,025	At 31.12.23 £ 48,754
TOTAL FUNDS 42,729	6,025	48,754
Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 18,508	Resources expended £ (12,483)	Movement in funds £ 6,025
TOTAL FUNDS 18,508	(12,483)	6,025
Comparatives for movement in funds At 1.1.22 £ Unrestricted funds General fund 44,729	Net movement in funds £ (2,000)	At 31.12.22 £ 42,729
TOTAL FUNDS 44,729	(2,000)	42,729

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THE CHURCHES TOGETHER SHOP

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

8. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds General fund	Incoming Resources resources expended £ £ 15,707 (17,707)	Movement in funds £ (2,000)
TOTAL FUNDS	15,707 (17,707)	(2,000)

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds General fund TOTAL FUNDS	Net movement At At 1.1.22 in funds 31.12.23 £ £ £ 44,729 4,025 48,754 44,729 4,025 48,754

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds General fund	Incoming Resources resources expended £ £ 34,215 (30,190)	Movement in funds £ 4,025
TOTAL FUNDS	34,215 (30,190)	4,025

9. CONTINGENT LIABILITIES

The charity has received a legal letter claiming approximately £10,000 in relation to unpaid utility bills. The charity is disputing the claim as it appears to relate to an unknown meter and to a property vacated by the charity a number of years ago which has been since demolished.

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THE CHURCHES TOGETHER SHOP

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

10. OTHER FINANCIAL COMMITMENTS

The company has rent commitments for its premises:

Due within one year £4,500 Due between one and five years £1,125

11. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2023.

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THE CHURCHES TOGETHER SHOP

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

2023 £ INCOME AND ENDOWMENTS Other trading activities Shop income 18,022 Investment income Deposit account interest 486 Total incoming resources 18,508 EXPENDITURE Raising donations and legacies Rates and water 1,783 Insurance 622 Light and heat 2,000 Postage and stationery 116 Shop Sundries 2,362 Repairs and renewals 373 Rent 4,500 Accountancy 600 12,356 Support costs Finance Bank charges 127 Total resources expended 12,483 Net income/(expenditure) 6,025

2022 £ 15,654 53 15,707 1,220 369 10,000 - 1,945 - 3,012 660 17,206 501 17,707 (2,000)

This page does not form part of the statutory financial statements

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