**Charity registration number 1183617 (England and Wales)**
## **THE CHURCHES TOGETHER SHOP**
**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **THE CHURCHES TOGETHER SHOP**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
## **Board Of Trustees**
Reverend J A Henley Mr F L Jacobsen Mr A L J Kleissner Mr J Thorne
**Charity number (England and Wales)** 1183617 **Accountants** Xeinadin South Wales & West Limited Court House Court Road Bridgend CF31 1BE
## **THE CHURCHES TOGETHER SHOP**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees report|1 - 2|
|Statement of financial activities|3|
|Balance sheet|4|
|Notes to the financial statements|5 - 7|
## **THE CHURCHES TOGETHER SHOP**
## **TRUSTEES REPORT**
## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
The trustees present their annual report and financial statements 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**
## **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.
## **Achievements and performance**
## **Achievements of the charity**
The shop 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. It is a beacon of hope to many and has helped countless people over the years.
At present the shop has 6 local people who are volunteers and these continue to gain in confidence and transferable skills. An estimated 30 people visit the shop on a daily basis and also a hard core of regulars who use the shop and who regularly compliment staff on the good food and the cleanliness of the shop and for selling good quality products and also the politeness and welcoming attitude of the staff.
## **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 further personnel are recruited. A part time paid manager started their duties in 2024, but additional management is still being sourced. 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. This represents sound financial and risk management.
## **Financial position**
The charity has made a surplus of £1,866 (2023 - £6,025) at year end the net assets held by the charity was £50,620 (2023 - £48,754).
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## **THE CHURCHES TOGETHER SHOP**
## **TRUSTEES REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **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 will be appointed as necessary 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**
Churches Together Community shop, Ground Floor Flats, Lewis Court, Maelfa House Cardiff CF23 9PL
## **Trustees**
Reverend J A Henley Reverend J T Thorne Mr F L Jacobsen Reverend A L J Kleissner
The Trustees report was approved by the Board of Board Of Trustees.
..............................
**Reverend J A Henley - Trustee** Date: .............................................
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## **THE CHURCHES TOGETHER SHOP**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
|||**Unrestricted**|**Unrestricted**|
|---|---|---|---|
|||**funds**|**funds**|
|||**2024**|**2023**|
||**Notes**|**£**|**£**|
|**Income from:**||||
|Other trading activities|**3**|15,902|18,022|
|Investments|**4**|689|486|
|**Total income**||16,591|18,508|
|**Expenditure on:**||||
|Raising funds||14,616|12,356|
|Support costs|**5**|109|127|
|**Total expenditure**||14,725|12,483|
|**Net income and movement in funds**||1,866|6,025|
|**Reconciliation of funds:**||||
|Fund balances at 1 January 2024||48,754|42,729|
|**Fund balances at 31 December 2024**||50,620|48,754|
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## **THE CHURCHES TOGETHER SHOP**
## **BALANCE SHEET**
## _**AS AT 31 DECEMBER 2024**_
|**2024**
**Notes**
**£**
**Current assets**
Cash at bank and in hand
69,228
**Creditors: amounts falling due within**
**one year**
**7**
(18,608)
**Net current assets**
**The funds of the Charity**
Unrestricted funds
**8**
The financial statements were approved by the Board of trustees on ..............
..............................|**2023**
**£**
**£**
64,518
(15,764)
50,620
50,620
50,620
...........|**£**
48,754|
|---|---|---|
|||48,754|
|||48,754|
||||
## **Reverend J A Henley - Trustee**
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## **THE CHURCHES TOGETHER SHOP**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **1 Accounting policies**
## **1.1 Accounting convention**
The financial statements of the incorporated charitable organisation, have been prepared in accordance with the Charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". The Charity is a Public Benefit Entity as defined by FRS 102. The financial statements have been prepared on an accrual basis.
The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.
## **1.2 Income**
Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
## **1.3 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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.
## **1.4 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 financial statements
## **1.5 Grants**
Grants are recorded when received and credited to income in accordance with the performance requirements, if any, of the grant.
## **1.6 Cash at bank and in hand**
Cash at bank and cash in hand includes cash and bank accounts.
## **2 Taxation**
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
## **3 Income from other trading activities**
||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2024**|**2023**|
||**£**|**£**|
|Shop income|15,902|18,022|
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## **THE CHURCHES TOGETHER SHOP**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **4 Income from investments**
|||**Unrestricted**|**Unrestricted**|
|---|---|---|---|
|||**funds**|**funds**|
|||**2024**|**2023**|
|||**£**|**£**|
||Interest receivable|689|486|
|**5**|**Support costs**|||
|||**Unrestricted**|**Unrestricted**|
|||**funds**|**funds**|
|||**2024**|**2023**|
|||**£**|**£**|
||Other expenditure|109|127|
## **6 Board Of Trustees**
None of the Board of trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year.
## **7 Creditors: amounts falling due within one year**
|**Creditors: amounts falling due within one year**|||
|---|---|---|
||**2024**|**2023**|
||**£**|**£**|
|Accruals and deferred income|18,608|15,764|
Creditors include approximately £14,000 (2023 - £12,000) 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 Unrestricted funds**
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
||**At**|**1**|**January**|**Incoming**|**Resources**|**At 31**|
|---|---|---|---|---|---|---|
||||**2024**|**resources**|**expended**|**December**|
|||||||**2024**|
||||**£**|**£**|**£**|**£**|
|General funds|||48,754|16,591|(14,725)|50,620|
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## **THE CHURCHES TOGETHER SHOP**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
|**8**|**Unrestricted funds**||||**(Continued)**|
|---|---|---|---|---|---|
||**Previous year:**|**At 1 January**|**Incoming**|**Resources**|**At 31**|
|||**2023**|**resources**|**expended**|**December**|
||||||**2023**|
|||**£**|**£**|**£**|**£**|
||General funds|42,729|18,508|(12,483)|48,754|
## **9 Contingent Liabillities**
The charity has received a legal letter claiming approximately £10,000 in relation to unpaid 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 since been demolished
## **10 Related party transactions**
There were no disclosable related party transactions during the year (2023 - none).
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