2023124 Soul Survivor Watford TRUSTEE5' REPORT FOR THE YIAft INDED 31 MARCFI 11)?4 Charity R?gistration No.1184088 and Company No.. CE017985
SOUL SURVIVOR WATFORD CONTENTS Pa Tr$188&, ropo Slalerner41 olTrysloes' resw&lMlItiÈs Iiidopcndenl audilorfs report 10-12 Slalemenl ol linanoal 8¢tivilie$ 14-15 Balancè sheel 13 Slalemenl of $h llows 16 Notes lo Ihe fmanual 51alements 17-27
SOUL SURVIVOR WATFORD TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustee5 present their report and accounts for the year ended 31 March 2024. The accounts have been prepared in accordan with the accounting policies sel out in note 1 lo Ihe accounts and comply with the charities rDnslititrtion. Ihe Charities Act 2011 and the Slalemenl of Recommended Praclic&. "Accounling and Reporting *Jy Charities Issued in March 2005. Structure, governance and management Thp C.10 was oslablished by a corisliluliuii and was registered a5 a charity with the Charily Commission on 2S June 2019, number 1184088. Tho Trustees who served during the year were- David Mitchell - Chair Emily Carrillo Treasurer- Appointed Febrvary 2024 Lindsay Nash Ilndependenl Trustee) Appointed May 2023 Kevin W Downlon Alison Maffey Elizabeth Potter Emmanuel Aklpala Desn)ond Scoll Ilndependenl Trusleel IAppoinled May 2023 & Resigned January 20251 Liza Hoeksma- Staff Trustee (Resigned as Trvslee Seplembei 20241 Revd Jonathan Stevens - Staff Truslee (Appointed Lead Pastor December 20231 (Resigned as Trustee September 20241 Trustee Resignations durlng Finan¢lal Year Chris E Gregory (resigned September 2D231 Revd Michael Pilavachi~ (resigned as Iruslee April 20231 (Resigned from Staff July 20231 Revd Andrew Croft - {resigned as truslee June 20231 IResignett from Staff December 20231 Recruitment and appointment of new Trustees New Trustees are appointed by Ihe exi8ling Trii8ives. Trustees are appointed lo serve lor 3 year lerins. Wrillen submissions from eligible applicanls are reviewed by tho Trustees igainsl the role description and specification of key crileria for a Trustee. All Trustees l)ave beon provided with a copy of Ihe 'Trustee Information Pack. produced by the Change Up lor Beller Governance Project funded by the Home Offi. All Trustees are recommended lo attend an appropriate training course on Safeguarding. Trustees receive regular updates from the Charity Comrnission's website. All Iruslees complere Ihe Church ol Englar)d Safer Church safeguarding Organisational Structure and decision making PTocess Tearn ol Trustees oversee differcnl areas ul resporisibility. These areas are Finance, Heallh & Salgly. Hijman Resources and Safeguaiding. These teams ale aulhorised lo make decisions within their specific areA% ol responsibility unless Ihey consider It necessary to refer lo the whole boar(5. Expenditure of more than £1.000 has to be relerred to the board lor approval unless Included in the previously approved budget. All slalf posilions are aulhorised by thp whole board bul recruilmenl of the person Iwilh the exception of Lead and Ass(Kiate Pastorl is delegated lo Ihe Executive Team. The day-(o-day management of Soul Survivor Watford is delegated lo the Execulive Team.
SOUL SURVIVOR WATFORD TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 Details of other related parties and wider networks in which the charity is involved Tlie ¢liarily works with Soul Survivor Ltd. Sou161 and other Christian organisations in the area especially New Hope and ChaTlS. Thp chanly is a men)ber of Christians Across Wallord arid the Evangelical Alliance. Safeguarding Investigation into Mike Pilavachi The Iruslees first bccamp ciware on 271 March 2023 that The P4alional Salègu8rding Team INSTI ol the Church ol England and Dio¢e5e of Si Albans IDOSII wore carrying out a Joint invesliqalion into the previous senior pastor. Rev Mike Pilava¢lii arid allegalioi)s ol Mi Pilavachi's abusive behaviour. In April 2023 the Iruslees sent a Signilicaiil Incideiil Report lo thè Charity Commission. On 6 September 2023 the NST concluded their Investigation and staled that "Ths internal Church invLasligaliun inlo Mike Pilavachi. being conducled by the Nalional Safegijarding Team, NST. and Ihe dic)cese ol Sl Albans, has now concluded. Having explored the saloguardiiig conceriis fully, accordiffig lu Huuse ol Bishops guidance. Ihe Invesligalion Icam hJs coiiGluded Ilial Iliey are subsfarilialed. These rel<ile lo conducl iri hjb leaderbliip and ministry, bolh before and after hè was ordalned in 2012. spanning 40 years Irorn his lime as a youth l&ad8r through lo Current day. The overall subslanliafed concorns are described as an abuse of power relaling lo his ministry, and spirilual abuse.. described in guidanc8 as 'a form of &molional and psychological abuse chara¢lerised by a syslemalFc patlem of coercive and confrolling behaviour in a religious conlexl.. 11 was concluded Ihal he used his spiritual aulhorily lo control people and Ihal his coercive and controlling behaviour led to inappropriale lalionships. the physical wrestling ol youths and massaging ol young male inlerns. In November 2023 Ihe Tfuslees ol Soul Survivor leslivals, Soul Survivor Watlord. and Sou161 Icolleclively known as Soul Survivorl commissioned Fiona Scoldin KC lo conduct an Independent Rcviow into Ihe culture and practices ol Soul S4Jrvivor, lollo¥ving the Nal iona I Sale uardin Team s 1nvesli alion Inlo Mikc Pilavachi. The rcvicwwas published in September 2024 Full details ol Ihe revieiv and slalemftnl from S()LJl SLJrvivDr r.an bp InLJnd orl the Soul Survivor Wailord website. hll "Ilwww. soulsu rvivorwalford. CD. u klDUtcome The IrLJStees have committed to Implementing all ol ihe recommendalions ol F¢ona Scolding. Safeguarding Soul Survivor Walford has a comprehensive Safeguarding Policy which can be found on our website. Saleguarding reports afe presented to the trustees regularly al the Iruslees meetings. Safer Recruilmenl processes are in place for volunteers. Including appropnale DBS checks. Soul Survivor Watfor(5 works closely with Ihe Diocese of St Aloans Safeguarding Team, and has membership with Thirtyone."eighl and utilises their helpline for saleguarding support. The Diocese ol Sl Albdns Saleguaidin9 Team is consulled lur advice regardii)g Luiicerns dnd disclosures. Safeguarding is promotecl on our websilo and Ihroijgh posters throughout the building. During the financi81 year, the CIO compleled a full review of all Safeguarding Practices. Policies. and Safer Re¢ruitmenl pra¢ti¢es which have been implemented. The CIO also appoinled a Full Time Safeguarding Lead staff member in August 2024 to fuTlher enhance safeguarding across
SOUL SURVIVOR WATFORD TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 the whole CIO. All policies can be found on our website. Including Whisleblowing and Complainls policies. GDPR Suul Survivor Watford has responded lo the General Data Protection Regulation IGDPRI, Inlroduced In May 2018. and continues lo wnonilor Ihe use of data carefully, particularly cc)ncerning donor data. Our Prfvacy Policy tovers how we use donor data and gives donors Ihe option lo opl out ol any contact or make a formal complaint. We carefully monitor the relationships we have with donors and seek lo maintain a consi5lent standard of stewardship. Rlsk Management As part of the CIO s risk management process, the Trustees undertake annual risk assessmonls in liaison with the relevant key members of stall. The Trustees arknnwledge their responsibility lor the charily's system ol inleinal control and for reviewing its effectiveness. The Trustees. Ihrougli the sldll leam have sel policies on risk and Inleinal conlrols. which cover.. Thè rÈspon5ibilily ol managemenl to Implemenl the Truslees. policies The respDnsibilily ol managemenl lo Implement (he prOdureSlconIrols approved by the Tw8lees Consideration ol the types of risk that Ihe chanly faces Idenlilying the level of risks which they regafd as acceptable The Trustee5 are 5atislied Ihat the systems In place are sufficient to mitigate exposure lo Ihe major risks. Reserve$ The Truslecs have oslablished a policy ivhercby free reserves held by the charity should be maintained al 3 minimum 012 months ol ihe oporaliiig budget. Al the a¢¢ounling dalo free reserves were £283.668. The trustees are satisfied, after obtaining professional advice, that this level ol reserves is acceptable. Objectives I he main obieclives of the CIO are lor the public benefil:. Iho advancomenl ol the Chrislian faith in Ihe United Kingdom or overseas., the relicl ol porsons who are In need by reason of financial hardship. unemployment, ill-heallh, di5abilily or such other economic or social disadvantage.. and Iho furtherance ol Ihe charilable work ol the CIO by the advancernenl of such other charitable purposes as the Charity Truslees may Iioffl lime lo time decide. Advancement of thè Christian faith in thè UK The CIO is responsible lor Soul Survivor Wallord., Ihis is a missionary congiegalion reaching out lo people In Walford and the surrounding areas which was founded In 1992 Soul Survivor Watford Is part ol the Church of England and became a 'Bishops Mlssion Order within the Sl Albans Diocese in 2014. renewed In January 2024 The aim of this congregation is not only lo leach the Chrislian lailh and offer opportunities lo worship, bul also lo demonslrale the gospel through serving the local commuTrily (further details and activities below). Alpha courses or similar cour5e5 are run on a regular basis. where people are encouraged lo come and explore the Christian lailh and to ask any questions they may have. Regular courses teaching various aspects of the Christian Faith are Tun throughoul the year and are open lo anyone.
SOUL SURVIVOR WATFORD TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 Rellef of persons who are in need The CIO runs a variety of aclivjlies Irom Soul Survivor W Arfoid lo Support cind encourage Ihose in need In the church family and Ihe Socal community of W3rford. Imore details ol these activities belo%vl. The CIO also works with a numbe¥ ol local charities In Watford supporting those facing adver511y". New Hope.. A homeless charity supporting Ihose who are homeless in Walford. 'Prevenling Homelessness Translorming Livcs. A niJn)bei ol the SSW congregation are directly Involved and work with the charity. htlps'llwww.newhope.org.ukl Allernalives.. A charity which works to offer life changing emotional and practical support lo Ihoso exporiencing pregnancy relaled challenges A ntjmber ol peoplè from the congregation ol SSW work with them and the CIO linancially supports Ihe charity. hll s.'IlallernaliveswJllord.co.ukJ. The CIO financially supporls Chari5 Tiwala. a local charily in Walford which offers support and assistance lo anyone in Hertlofdshire who is affected by human trafficking or sexual exploitatlDn within the sex Industry. htt s'.Ilcharislwala.coml . During the financial year the CIO also financially supported The Cornergale Foundalion. a charily which works with prisoners and ex- olfenders lo support reselllemenl after prison. hlt s.Ilcorner ale.of As part of Ihe churches giving, the congregation collerl and dnnalp non-perishable food items and nappies which are given lo Ihe Watlord Food Bank which Is located close io Soul Survivor Wallord. So)ul Survivor Walford has become a significant conlribulor lo the food bank. hll s.'Ilwatfordloodbank.co.ukl The No7 Calé is open on a Monday. to provide a pliirp fc>r rhe local communily lo meet. The cale provides a warm welcoming environment with affordable food as well as free lea aiid liltcr coffee. Food Boxes.. The CIO provides lood boxes during hall term holidays for people in the community who are lacing financial pressures. These boxes contain three meals for 6 people with recipe cards. Each ye.'Ir Ihe5e boxes piovidc ovor 12.000 meals lor families in need in our local communily.
SOUL SURVIVOR WATFORD TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 Aims and ObjeGtive5 for the year During the financial year Ihe trustees and pastoral leadership team locussed the activities ol the CIO on the local church In Watford whose mi55ion is lo communicate the good news of Jesus through worship. committed community and relevant evangelism. All the activity of the church sils under the categories of Love God. Love People and Love the World and community we have been placè in. Love God Sunday Services- Focus on strengthening Sunday team% and more peoplc to lead and preach Developing growing new leaders, preachiri9 team and worship team. Focus on worship, leaching and fflinislry. Develop Ihe Pfayer lilo ol Ihe church Refocus on Youth and Children'5 work - Growiiig loam lo support Iliese growing ministriès. Focus on discipleship and suypoilir)g yuuriy people in their relaiionship wilh God. Love People Review all s31eguarding processes and systems Review and slrenglhen paslofal slruclure5. Slrenglhen communily structures within Ihe church Further dovelop Coni)ecl Group5 williin the church family to build community and place ol belonging Aim lo 'Connect with One Another and Connect with Godl Review HR processes wthin staff team Loving God's World Run Alpha course Continue Calé No7 and indenlify ways lo grow this further Continue lo grow and support food collections lor Wailord Food Bank Continup lo ra1se money lor (he Hopc (Hardship) Fund to SUPPDrt individuals and lamilies In local communilies, Ihrough Iiiiancidl grants and food boxes Soul Survivor Watford Staff Team Executive Team Rcv d Jonathan Stevens- Lead Pastor appointed December 2023 Kathryn Nlaynard - Operations Manager Pastoral Leadership Team Tom Smilh - Worship Paslof Nicola Rolle Asslstant Pastor Ali Marlin - Assistant Pastor Juliet Johnson Assistanl Pastor. Ben DeGaris Assistant Pastor- Youth l Ord¥nand Sam DeGaris- Assistant Pastor- Youth l OrdinarTrd Andy Symonds- Assistant Pastor Belhan Bailow- Children's and Families Pastor.
SOUL SURVIVOR WATFORD TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 Nisha MinorAhii n - Childrcn s cind Fcimilies Pastor (Mai Leave Coverl Rev d James Barlow- Curate 'part - lime The Staff TeaTn are responsible for developing and (wersÈÈing the following areas-. Sunday services and worship Evangelism And r.ommtJnity outreach Work with Young people from 11 18 years Work with children from O- 11 years Young Adulls Ministry Services and coii)municalion training Pastoral Care and Connect Groups Marria9e and Relalionship Coaching Training ol leaders and Connacl Group Leaders Worship Social Action and Oulreach Calé NOT There is a team of volunteers within Ihe church who support the running ol a numb&r of the activities that the CIO runs. Leadershlp Reslgnallons Rev'd Micliael Pilavachi - Senior Pastor lill Dec 2022. Associate Pastor from Jan 2023 (resigned July 20231 Rev'd Ai)drew Cruft- Senior Pastor (resigned December 20231 Significant Activities Sunday Ser¥i¢es Sunday Services allendance across Ihe 9.15am. 11.30am and 6.30pm continues lu average 1000 each Sunday Including youth and children. Activities related to the advancement of the Christian faith in the UK: Church Planting & Parish Renewal Soul Survivor Waiford 1135 ctsnlinued lo support three local parishes In the diocese ol St Albans. Sl John's Hallield Ihl.. s.Ilwww.sl ohnsh<ltfield.or I Sl Peter s W311ord Ihll s'.Ilwww.%t etprsK'alford.or u) and St Andiews. WatloTd. where Ihe Rev Jatnes Barlow is Curate Charge and splits his time 50150 with Soul Survivor Wallord. SSW conlribules 50'/Tr 10 his stipend. The ministry of St Andrews continues lo grow develop and flourish. Ihtt s.'IlwwM slandrewswalford.or Alpha Alpha was run in the Autumn of 2023 with 47 attendees_ Soul Kids- Sundays A lull Soul Kids piogramme al the two morning services ian throughout the year.
SOUL SURVIVOR WATFORD TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 Friday Night Thing Our monthly 'f.iiday Night Thing. youth club for schools years 3-6 recommenced during the year. This Is aimed at those in the church community of Soul Survivor and the lo¢al North Walford community. Youth Work The Youlh work ol Soul S1V0r has developed and grown under the leadership of the two youth pastors. In January 2024 we appointed an Assistant Youth Pastoi lo SUPPOfl the gruwing youth ministry. Younger Youth lor age 11_13's Younger Youth meet during the Sunday mornings services, they stay in for the main church service lor an initial timc of corporate worship then move lo a separate space lor games and leaching together. Youlh Sl81S have been run during the year. including laser lag and calélpi£ia nights. Older Youth for age 13-18's Older Yoiith meet on Tuesday Nights lor socials. worship and leaching. In the summer 012023 the yOLJth team took a group of 47 young people lo Ihe Vineyar(J 'Dreaming Ihe Impossible, Festival In Slafford. Connect Groups ' The place to Connect with one another and to Connect with God Connecl Groups have been continued to be the primary place lo build cornmunity and eonneclion within the life ol Soul Survivor Watford. Relationships Mlnlstry Marriage Pr¢paration Course This course Is open lo all couples who are engaged or just Ihinking about Marriage, both inside and outside the church community and ran during Ihe year. Marriage Covrse The marriage COLJrse is run al points during ihe year. its purpose is lo supporf and help married couple5 strengthen Iheir relationship and life logelher. Activities related to the advancement of the Christian falth overseas: Soul Mlssions The work ol Soul MIs510ns conlinLJes wilh a numbef of ovèrseas missionaries being supported both finanr.IAlly anr5 through prayeT Prayer reqijesls are communicated via our Facebook Pages and Weekly Update email. We have missionaries wilh (Kganizalions such as OM, Lalin Link and Fruntiers. Activities relating to the relief of persons who are in need- The Hardship Fund - (Hope Fund} The Hope Fijnd conlinijes to be cl resource lo support IoEal people in Iinancial difficulty. Applications are made via the website. These lunds are raised Ihrough Special Christma5 and Easter offerings. There is an applscation process and criteria lo be mel in order for granls to be awarded. Applications are made either by Ihe recipient. or someone on their behalf. The Hope fund is also used to lund the Family Meal Boxes vthich ale given (o families in financial nèed.
SOUL SURVIVOR WATFORD TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 Ftstsd Boxes- During tne holida/s and half-tgrm ppriod5 the chu.ch makes availalje Food Bcxes with flesh ingrednIS and recipes loi families wtr.o ivere In neea to makp a,, home. Over 100 boxes are provided each holiday period Tlie bgxes provide 3 me¢ils for 6 people and Includes all Ihp fresh ingredients and recipe cards t() make Ihe meals. The tK>xes ale collec:ed Ivhen the oalé is open, and people are invited iEi for a meal. Coffee and activities are provided lor families During Ihe year the loodboxes fed 12.6OD meiils. Watlord Foodbank- We have continued lo suppoil ltyalford Foadb3nk who conliniie tn experience groviing demand. Our levels of donations Iiom the Congregation ¢onlinue lo grow. The Café at No7- Calé No7 conliiues lo lun on Mondays as a hLb lo serve Ihp con)munily. Ils aim is lo provide a warm and welcoming place loi everyone. Over tl,.è yeai il has become a Iiub lor tho wieer community, and each vieek the calè Is buzziTYJ with people from all walks of life. During the year the 3 summer moiillis Ihe café was open 8 days a week. Grant Making As pail ol the objectives of thè CIO, in parlicular to athance the Christian Rel10n in the Uniled Kingdom or overseas. and the relief of the poor and neeoy, the Ifuste&s on occaeion make Iinaicial granls lo individuals or oigantialions. There are two key ways In which grants are made. Firstly, on occasions 5ucb as Christmas and l_.a8ler. the offer'.ngs are givèn away to Léuseb beyoiicl Soul Suivivof Wafford. The recipients of such gifts are proposecl by thè %tAtf team, and the Trus.ees appiove thè decision. Secondly. some grants are rnade on an ongoing bas15. These are primarily to missionaries. or org8n178lions which have objeelive5 In line wilh Ilidl ol the CIO. These decisions are Proposed by Ihe staff team to the board o,, Trustees who then Make the approval decision The 010111g nalure of these 9ranls are reved on an annual basis through thè budget process. Publlc 8eneflt Thp TrusteÈs are aware ol thè Charily Commission's guidance on public benefit in "The advancement ol religion lor Public Denelil and have regard to Il &ri thpir Adminixtralioii ol the cliarily. The Truslees believe '.I'.al by p¥omoling Ihe Chr1sli8n faith it provide8 a bènelil tD the public by providing facilities lor PLJbli¢ worship, pastoral cèrtr and spirilaal development, both lor IhL existing chLJrcn membeis and anyone who wlshes to benefit from what the charity offers, diid also by P,01ng Clirisliai) values. and soivicos by tnembers ol the church in and lo thpir communities. to the benelil ol Individuals and socièty as a whole. ehall ol the bJ8rd ol Trijstees Ghair of Truslces
SOUL SURVIVOR WATFORD STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 Thè TrusieÈs. who ale also IliÈ diiÈclors ol Soul Sumvor Wdllord for the ourposÈ of company law. are re%pon5ible for prÈpÈrin9 Ihe Tru" -lers' Rep(xt aDd finnCIal slalpmp.nls in aetordaryee wrth applitable law and Unile(I Klngdtsm Accounting Slanéartls (United KIWOM Generally AccepledAtcounbng Praclicel. C.ompi1ny l fflw requires Tru51ee$ 10 wepare f.nan"ial siaiemen15 foT each finantial yoar whith give a Iruo an laii view tyl Ihp %lcile ol affair5 Of Ihe CIO and of the incoming iesowc05 agd aptA.tt4lion ol re£ources, Including the iiicome and Èkpèiidi.uie. of the cio that yea.. In prepaiing IhD5& fInan31 stalemÈnlÈ. Tiustee8 requ'.red lo.. . selecl suitable occountng pol1¢$ aTrd Ihw apply consislenlty". obÈÈrvg the melhods Jnij printsples in Ihe Charfts SORP", make iudgemenls and oslifflqlp..4 Ih?t are reAson•t4e and pnAlenl'. 18le. whelher 2pplicable UK Accounlino Slandaids have been folkjwgd. $ubie¢i lo any maleial dopartiJr88 disdosed and pxplained Ihe financial staiemenls. (1 prep8fe the IiIianci& 5lal8menis on tho going corArn basis unk8 rf Is inappropirale lo presijme th81 the CIO will ctrnlinue In opeF311on. The Tru$i¢o9 are ieswnsitAe lor k8epipwJ ade4tJate accounbrrfj ie¢ord5 that d1scIo8e th roason8bl& 8ccuracy 81 any Ilme Ihè financial rKJ5iliw ol Ilie CIO and ¢niE ble Ilipm to ensuro Ihat the finandal slalemtnls comply willi the Companies Acl 2008, Tnoy are also iesponsiDle lor Siilegikifding i ay5els of the CIO and hence fof laking reasonable slops for tho prevenlion and dÈwtson of fla 8nd Olhw irregulanlies. Company law requires Ihe Truslees lo preparfr fnancial slalemenls lo. &adi Iinancial yCJf which givc a true and laii vipw of Ihe slate ol alTair6 01 the CID of the incoming res(Juicc8 aiid 11p.&110% ol iesotsrces, Including Ihe inccrfn8 and expeTrdiluie. of th? chaiiiable crrfnpany for thai year. In prcparing Ihose financial $laiemenis. Ihe Trusiè8s are iequiiedlo select 511il?I blo rlC.ceuniino pollcles and Ihen aPY Ihem consislgnlly, bserve Ihe rn&lhtsd$ and principles in the Ch8filies SORP-. make lJdgÈmÈnls and &sliiiiales Ihal ¢lre reasonable and piudenl., slole whelhor applicable UK Accountin9 S'.apdards have been fOlled, sviwcl lo any malÈrial Llepariures d16¢1osed and explained In the finanu.il sltiip.rner.Is-, and prepare the financial slalemenls on Ihp wng tontEm baws iinlo55 il is inapprOlate to pFe$ume Ihal tho CIO wlll conllnJ& In ¢>ppiation The Trusle8s arè fesponsible lor ke?n9 adeoual8 accaijniino record8 that diq¢los? wdh reasor,able accuracy 31 dny limo the financial pDsili)n )1 the CIO ano enaNe Ihern l..) e.iisiiip. Ihal Ihp. Iancial Slalemenls 0mplY Ivilh the Companios 14cI 2006. They a'e also reswnsible for 4afegudr(Jiiiy Ihe assels of iIiL' knlo diid hence for laklng reastsnÉblp. sleL)5 foi the p'.evenlion and detection of fraud olhBI iiregJlarilies.
SOUL SURVIVOR WATFORD INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF SOUL SURVIVOR WATFORD Opinior We hav? audiled the financial slaleineils of Soul Sur¥wor &..for IlhÈ 'CIO'I for the year e 31 March 2024 whrch CDmpri5e Ihe 51alernenl ol financial aclivrtiès Ihg balance shèÈl. the glaletnent Jf cash flows 8nd Ihe nolp.5 10 thè finan¢ial slalemenls. including a summaiy of signrfKanl aunting poliÉ5. Tne linanejal rtpoili()g ficimpwork that has been applied in their proparal.on 1$ applicable Liw and Unile(S Kingdom Ac.-IiiJnl¢ng %lf)nLlaids, inr.lii%4ing Financial RÈporting Standard 102 Tho Fiiwn¢ial Rgporfing Sthndord Ihe UK ond Repubhc ot liplaii (United Kingdom (Jenerally AccepledArthunhng P"ac.Iie.I. In Dur oplniDn. IhÈ Iinancial 5'.alemenls'. give a true an(1 lair view of IfTre state of the CIO'S affairs as al 31 Marth 2024 and of Ils incoming 18sDur¢e$ and applicalK>n ol resources. lor the year Ihen endea". havL b¢Liii pruperly p. pared ID arK4Jrdan¢e with United Kingdom Generalty Accepted Accounting Prac1¢,. and 118ve been prep8red In accordance wilh Ihg roquiiemenls of the Cornponi¢$Acl 20Ch3. B15is for oplnion We cAndiicled our aiirtil in accordance wrfh Inlunalional Slandards on Auditing (UK) IISA8 IUKII lind applicjblo law. Our responsltAlils under Ih05e 518ndards are lurther described In the A<10$ TrspDnblI111e.$ Inr Iht) .iiJilil of fin8ncial slatomfrnls sect of oui wtsporl. are ndopondenl ol the CIC In accoTd8Trce with Ihe ethica1 iequir¢men16 thai ale relevant lo our audil of tho financ1 %lalemo.nis in Ihts UK. Including 11)è FRC'S F.Ihical Slandafd, and we ha¥e fulfilled oilr olhèr eth rè$w)n$itlili8$ 111 atte3e wilh these requliemÈnls. W2 belleve thai the audil edence we have obtained Is svNi¢ieil aThJ appiopiiale lo provide a bass for our opsnioD. Wo hav• nothlny to v•port In respect ol thtr following mattets In relation to which the ISAS IUKI regulre u8 tct report to YOLI Y4here'. In audiling lh& Iinancial slaieTreiil$. we hawe tdude that the Tru61ee5' U68 Cf the going ¢on¢em basis of ccounllw In Ihe Diepar31ion ol Ihe financial sialemenls is apryopnale. Qased on Ihe work wè have performed. we have 1 Idenlil*d any mAlerial urKeilainlies relating lo ev?nls or condilions Ihal. Indlvidually or colleelively, may cast 5unificanl doubl tyi Ihe CIO'S alxlily lo ¢oDlinue a5 5 golng tr.on¢¥rn fo¥ a pgriod of al least hvefve months Irom when the lin2nual Èlalemenls aio aijlhtsri8d lor Issue. Qxii responsibilllio Jiid IliL' responsibilit hf the TreeS wrfh respect lo gcing concern ¥rtr Otrscribed iii the levanl secliois ol this r8POrt. Ollior informatloii The olher information comprises Ihe In1matIOn Induded In ihe annual report Olher than the finandal slaleTrenls and our 8udilols repNI Ihereon. The ru51ees are rèsponsible lor tho ullier inlormalioll contained williin the annu31 rep)rl. Our opinion on Ihe flnanryal slalenienls doès Cover the olhor infoimoi¢hn ind wc do iiol r.xprTr.s8 any form of a55uraiice conclusion Ihpieon. Our rospMs,bilily Is lo lead Ihe c>lhÈr InltstfftJlion and. iv dning so. r.oii4ider wlieilier Iho olher Iiifortn31ion 15 rnale.'iilty Inconsisieni vjilh f1Doneièl %laiemenls or our <nowledge oblaiiied in the coJrso of InÈ kuull, or olhewise appears lo t)t tnaleibally misslaled. 11 we Idenlify siich maleiial .n¢on515lencles or apparent malerial mi44la'em8nls. we are feqiiiipd lo deleiniine wheiller Ihis qivcs rise lo a malerial mis51alemeni In the Iinancial sl2lp.menls Ihemselves. 11. base.d on Ihe work wo have perfo'rned. we CDntlude Ihat Ihere i malèiial mb5slaletnenl ol Ihis olhei infofmaiion, we are rJired lo Ihal'.JcJ We howe noihing lo repori in this reuard. Matters on which we arè requlred to report by exception We have nclhiivJ lo report in resp1 ol the fol o¥'iiw tTraiters in relalioft lo whrth the Charilios (Accounts arKI fteporlsl hegulalions 2008 iequires us lo iepo-t lu you Il. Ir oul opinif the irnformalion In the Iinarial statement5 vconsislenl in Y niarla1 re5peGI with the Tiustees, iÈport'. or 5ufficieni accounting re¢ortls have t¥Jt been kepL or rinantial slalf.rnetbls are not i? egreemenlwith Ihe xcountiry retord5," cr we have not ieceived all the inlDrmalion aThd expkanaliDns we reqJire fo" OJI audit. 1J-
SOUL SURVIVOR WATFORD INDEPENDENT AUDITOR'S REPORT ICONTINUEDI TO THE TRUSTEES OF SOUL SURVIVOR WATFORD ReEponslbilities of Trustees As Èxplaiiied morè fully in the slalerrenl ol Trusièos. t5pun5ibilrtes, the Tm51ees. who aTe also IhD direclor£ of Ihe CIO for Ilie puipose of cornpany law. are roswsIb'.P f)r the PfeparaiioTh of Ihe finanal klaivtTrp.nl8 and fnr bping S21igfied Ilial Ihey give a true and fair view. at>J for SLC? Internal coniid as the TTusleÈs deieimine 1% iipp.p%%diy lo eiiable the prepar8'.I)n of Iinan"iJl ÈiJiÉmenl% Ihal tire flee Irom materi31 missialemenl, whebher due .0 Irdud Dr erro-. li p-spanng Ihe Iinanttial $13lemenls, the. Iri.'&ieps dlQ ressIble ftsr dssessing Ihe CIO'S abilily lo c)nlinue as a soing concorn. distiosing. a.£ apF Icablp.. rnaiiers ipIAlv.d Itb gn9 rTh)re.rn ard using the ooino con-ern b3515 of 8ccDuniino unlÈss the TrUee5 eilhw Intend lo I¢quKlale the CK> or its ase operalions. or have no reahstic Allv.IniilivÈ bul lo do so AudIt) respon8lbllltie8 lor th¢ •uditol the financial 6tat8ment6 We have been Jppoin'.ed as audiloi undoi sÈtlic>n 144 Df the Charities Ad 2011 and iewl in a¢[ance w'ih Ihe Act aid levant regulalions made 01 having effecl 4hereunder. Our objoclivc5 arc to Llaln rc8sonaNe a$syrante ab)ul whether Ihe Iman-ial slalemenls as a wholg ale free from malerlal misslalemenl, whe.ther diie its fraud Dr eir. and io L8siie an audilo s report Ihal include5 our opinion. Reasonablt èssurarte Is a l11g1Tr level ol ilswraiice btsl is wi a guarantee Ihal an aud l ¢Dr,ducled in SOr[lace with ISA5 IUW will aa¥S delect a rnaleri8. m155laiemeni when Il cxisls. 1118sial¢monis can arise from Iraud or iror and are wnsidered ma'.erial If. individually or i) Ihe b99regato. Ih8y coulo iets$ona bf PXPPrtpd If> InfluenB Ihe economic docisions ol usors laken on Ihe basis of Iheso finanuai sialements. Irf6gulaTiIS. Includinq frauJ. art Instances of non-cwpliapKe laws and iegu1alions. We dpsign pro¢eduie5 in line willi our rè8ponJl)ililies, oull ned above. to deieci rraleiial nisslalemenls in iespecl of siregulhiilies, includ..ng Iraud The exlenl lo wnich our piocediiies are ¢apaDle of delecliry iryegularilie5. iwluding fraud, 16 deiuiled tlow. The exlenl lo which our prX6duie8 are Capab ol delocknr¥J IrregLAaribes, IrUdinG Iraud, 1$ deialled bebw. Our approach i) idenliino and asSeSn9 tho risks of maltyitsl misslalemenl In s¢t of iiregularilles. includino fraud and noTrcornplign¢e wilh and iegula110ns. was as lollows.. the engaoemeni portner en$LKed Ihat Ihe engagement le8m ¢<dleclively had Ihe approprlale wmFelence. capabilit$ 8nd 5kiW% lo entIfy or recoynlse fiofvcompliaTrcewilh larts and rÈgulalions". we iJeiililièd Ilie L2vts and regulalons apFlrable ID Ihe CIO Ihrough disui$S)nS with li81ee5 and olhpi managemeiil. and frem kntywledyp ii nd 0xpe1te ol Ib.È sÈdor'. V48 IDcused spÈcif¢ Jaw5 and regulalions whidi we wns¥Jered may hève a dlrecl malerlal effect on Ihe rin8n-ial slalemenls or Ilie ope,'all15 of the CIO, induding the COmnieS Act 2006, the Charities Aci 2011, 18xAIIDn employmenl leqislallon., we assessed Ihe exlenl of complian¢e wnh the aws and gulaliMs idenlified alVe Ihi¢ugh maki[ Èn4uiriÈs of monagetnenl inspeclinu any rèadlng the minules of Ihè boawd of ihe Iwst6es". and idenline.d laws and regu1211grs wpie communicated within the audit leam and the learn remained alen lo In.4laDces ol non-compliance Ihioughcul Ihe audit. '9 assessed Ihe SUSCOPlibility ol Ihe CIO'S financial 6laletneti15 lo malNial misslalerneTrt, ircluding oblaining an understanding cf how fraud tt¥i9hl occur, by making enqJlries of m3naqemenl as lo where Ihoy tonsidered th8re was $u¢epllbilty to fiaud. their knowledge of aclual. suspècted anol alle9od fraud." arK1 - considenig the Internal conltds In Wace lo mttwJate tisks offraud and nonoomF41ar w th laws and regulations.
SOUL SURVIVOR WATFORD INDEPENDENT AUDITOR'S REPORT ICONTINUED) TO THE TRUSTEES OF SOUL SURVIVOR WATFORD To addrÈss the risk (bf fiaud through fflanagement blas and ove1¢e of conlrols. we.. - performÈd analytical prdU$ ID Klenlify any unusual or unexpgcled w@lalionships". lÈsled jouinal entries lo Idenlify unusual transac1io-. an - invesligaled the ¥aliona behlnd 9gnifnI or iinu8ual Irans¥lioThs. In resyon5o lo rhe ris of iriegulaiiliès and noD-compliante with laws and r89ulalions. we de519nod prDcedure5 wh. Included, bul wre not liThiled lo a9reelng finaicial slalemenl disd05ur8S to undeilying surwrting (locumenlalth.. reading the minute$ of rneelings of Ihe btsard of IIuslpe5", and enquiring ol rnanaoemenl 85 to act1 and ptylen1 liligalion and daim& Tbcrc are Inherent limiiaiiffi$ in Obr audit proceJtsres d95¢riLd atx)ve The more renioved that laws and 9111alions are from Iinan¢i& transadtons. Ihe les$ likety il is thal we wJuld becDrDe aware ol non-¢ompliance. Audiliri9 slaiidar(la al%1 I mil the audit procedures reqred lo idenlify i)on-compliance with laws and iegiilalions lo enquiry ol the Inèmber$ and management and the inspo¢i4)r. of reguknlory and legal correspondèn. Il any. A lurfhcr descrlplion ol our Ieswn$Ul1¥ avaIlae on Ihè finanaal Reportin9 Council's website al." hltps.'Il .frc.01g.UkJaudilN8resptsnsi.1lI$. Thls desuSplJDn forms part ol ou¢ audiloi's report. Use of our rÈp()rt This report 1$ made SOlY 10 the Clry& Iruslees. as 8 body. in oceordance YAih pafl 4 of the Charilies (Accounts &nd Rewdsl RegulsJhon8 2008 Our awil work has been undwlaken so Ihal we might stale lo the CIO'S Itusleos those mall815 we arp. required 10 51ale lo Ihem In an 8j1101'S ieport and no other prSe. To the lulle81 eMiÈnt permlll+d by law. we do nol accept o. assumè 1osponsibJlily io anyone othci than Iho C.10 11nd Ihe CIO'5 Iru51ees as body. frjr audil work. for Ihls rewl. or lor thè opiniws we Iwe lormed. Nlcholas Corden ACA ISenioT Stalutory AuditOTI roi and on beliall ol Supimws Morgan. SlaluloryAudllor Char18red iiceountsnls Fir51 Floo[, sheralon House Low8r Road Cliorleywood 14erffo'dshiFe WD3 51 L)al&' 2DI Sunimers Mtsigan 15 eliqiblo for pothlrneni as audrfor of the CIO by virtue of ils eligibillty for apwynlmenl as auditor of a Company unooi sÈLlion 1212 01 the CorT1panS Act 2. 12-
Dratt Financial Statements al 30 January 2025 at 0g..15:17 SOUL SURVIVOR WATFORD BALANCE SHEET AS AT31 MARCH 2024 2024 2023 Noles Flxed &ssÈts Tangible as5els 12 2,858.239 2,797,958 cvrPt asset SloEks t)eblNrs Cash al bank and In hand 13 14 7,024 27,852 1.495.875 8,041 56,420 1,650,054 1,540.751 1.7f4,515 CrÈdltors.- amounts falllng dLie wlthltb one year 1S 144.3161 129,1681 Net¢urrÈiit as$ptS 1.496.435 1,685,347 Totil aèsèt&1è88 current liabilitles 4,4113,203 The lunds ol the CIO Reslricl8d Mcoir8 fndS Unreslrleled lunds- general UnFèsliicied lund6- DesHJnat&d 17 23.010 238,668 4.092.9 34,S37 429.S18 4.nl9,1SD 18 4.354.674 4,483,303 The CIO is entilkd lo the exempl¢on from thè fequThnent eaniainad in 6eclvn 477 01 the Companip8 Ad 201, lor thè yB8r ended 31 Maich 2024. thhough an audit has boen carikd out under seclion 144 tsf Ihe Charities Ae12011. The dirL'clors ackmwledoo the iosponsibS1ilios for comrAying wlfh Ihe feftulremenls of th8 Companles Aci 2006 wiln fespecl lo accoun',Ing rectsfd8 and Ihp prpp4rhlion of firan¢ial siaiemenls. Ilic mp.mbers have not roqiiiied the c¢mpany lo oblain an audit of ils financial 51alemenl$ under Ihe ICqUlTeTnenls of thè CDmpaniesAd 20[, lur the ¥ear in queslion in ac¢ordance with socticn 476. These fiiancial slalemEiils have been orepared ln arLcrrtan¢e wilh Ihe yovisions appfvtalAè to toinpanies subiL4cI lo IP.e small compdniÈÉ TÈgimÈ The fin8t)val 51alemenls were. appfDved by Ihe Tru51ees on Trubtep Coinpaiiy rogislralion numbèr CE017965 IEr¥Jland and Walos) 13-
SOUL SURVIVOR WATFORD STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Cuirent financial year Unr¢stri¢ted Unrestflcted Restrl¢lÈd funds funds funds general deslgnated 2024 2024 Total Totsl 2024 2024 2023 Notes Incomo and tndowment$ from-. Donalions and legaclès 1,040.995 74.481 25.215 73.632 1,114,B27 7,371 81,652 25.215 Inveslmenls Olhgr iiicome 3,101 1,943 Total income 1.140.691 81.203 ,221,894 1.593,035 ndilure an.. 1,182.029 102.828 85,666 1,350.523 1.451,535 Net loutgolnglllntomlng re80uree$ bolore tran61tr• 141,3381 1102.828) 15,537 1128.6291 141,SOO Gross Irai)slers bo.Iw&en lund 1149,6091 176.674 t27,C65} Not lexpondilurollincome for lhe yearl Net movement in lunds 11go.94n 73.84e 111.5281 1128.628> 141.500 Fuiid ha1311ees al 1 April ?023 429.615 4.019.150 34,538 4.483.303 4.341,803 Fund balanceB at 31 Mar¢h 2024 238.668 4,092.996 23,010 4.354,674 4.4Bry,303 Th8 slalemenl of fir)tliIaraC1IvII5 indud2s 815 qains gnd losses reeagnised In the year. All income and Èxppndilure denve l.om conts"nulng adIlieS. The s18lèmÈni of finaDei)l a¢iwille5 also ccmplies Ihe requiremenls lor an income and expendiluiÈ accouiil under IhÈ CompxniesAd 2006. 14-
SOUL SURVIVOR WATFORD STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Prior financial yoar Ui)rostricted Llnre5tricted Restilcted funds lunds general de61gn31od 2023 2023 Total 202J 2023 ole$ Q dnd tnrfo4vmont5 Irorn= Donalioiis and legacies 1.2CJ3.400 r23.589 3.191 1,943 1S4.S45 1,3r)8,045 6.267 224 R58 3,191 1,943 Investments Olher incorne Tolal incomo 1,432.123 160,912 1.593.03S 1.269.285 99.118 83.132 1.451.535 Nal ltsutgoingllincomlr*u re8ource8 before transfe 162.838 199.1IBI 77,780 141,SOD Gro66 transfers belween funds 1103,4911 233,046 1129,555 Nel lexpendllurelllncome lor the yearl Net movement In funds $9,347 133,928 IS1,775 141,500 Fund balances al 1 Apiil 2Q22 370.269 3,885.222 116,312 4,341,803 Fund bIne•S at JI March 2023 429.616 4,019,150 34,S37 4,483,303 15_
SOUL SURVIVOR WATFORD STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notès Cash flows Irom operating actlvitlÈ& Cash (absorbed bylloeneraled fr) operallons 21 P9.787> 193,741 Pijichase of tangible fixed a5sels Proceeds frorn disposal 01landNe fLxed 1149,6071 1180,8461 2.056 3.191 Inv851menl income recefved 25.215 Net cash used in inve51iThJ acl1¥108 1124,1921 1175,5991 Nct Ga8h #encrated Irom finBncing activitios Ntt irto¢reaseVincrfr•$e In eash •nd cash equlvalents (154.1 791 18,142 Cash and cash equivBlei15 al be91rlg of year 1,050,054 1,631,912 Cash and ¢a8h equivoleM$ at frnd ol year .495.875 1,6SO,OS4 16
SOUL SURVIVOR WATFORD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ttounting policies Charity inforfflatio Soul 8uTVIVl>r Walfoid is a Chaiplable IncoTPO'aled Organisatn Teglsterort with Ihc charily commi5sIDn in England dnil IiiiiiiibLir 11840881 and Comp3ns House InLmbÈr CED179B51. ThÈ ptinp.lple d(l(trpss oflhe CIO Is 5-7 Gieycaitke Rjad. Wal'oro. W024 7GP. 1.1 Acrtsuntiny conv¢nllon Thp accounts have b&en prÈpared In accordan wilh Ihe r.Io's tnJ$l deed. Ihe Companies A¢1 2006 and 'AccoJnling 2nd Repoiling by Chariiios.. siaieTr.nl ol RpeoinmBnded Pract.ce appli.able lo chariliÈ$ prepanng IhÈii actotsnis in xcordancÈ wth Pinancial Repofting Siandard applitablè In Ihe UK and Republic ol Irtsland IFRS 1021. las amendod for èccounling Ped5 commendn9 frorn 1 January 20191. The f,10 1% A Piiblic. Rpnplil Ffilily as dÈfirnÈd by FRS 102 The financial $ialemen15 are prepared In slerlirva, is the ILthCtiorI cuirency of Ihe CIO. Monetary amoJnls In Ihese flnancial statemen'.$ are roundeo lo Ihe al¢s1 £. Thtt finJnThJl 51alemenl8 have been pr&pared under lh8 kn$iortal cosl convèt)Iion. Tlw piindpal accounliDg poli¢lts atlopl¢d sel oul 1.2 Golng concorn Al Ihe Iifflt of approwng Ihe Iinanoial 51atemenls, the Tru51ees have a rÈason8bb eXctr.0n Ih&l th¥ CIO has adequate resources to tonIue in operabni'dl existen for lorÈseeyble fulure. Thu$ thè Tiuslee$ ¢onllnue lo adopl rhe going concern basis of aceounliri9 in preparlw the fin8rcial slalernen'.s. 1.3 Charitable lund• Al The CIO'S genÈial lunds consist of funds whKh th? CIO may us8 for its puir)sc ol ils discreiion. bl The CIO'5 des giialed funds are Ilose where Tnjsiees have set a8ith lund5 for 8 specific purpose. Detai15 01 Ihe designated furxls are sci out In ncAe 18. cl The CIO'S resirled lund5 are those where Ilie (knor has inwed re$tridn5 on Ihe use ol Ihe lund5 Debatls of Ihe$e lund5 ale giveri in the T'u51oesAnnual ROWTI are sct out in nole 17. 1.4 Ineomlny resour¢è$ Inctsmp Irrjm fpp.4 Is taken Inle atcouni on an xcruals ba$i5. Collcclions ald gifts are taken inlo account on cash basis Oonit lions under grfl aid tooetherwil4 thè aSsoCled income lax t0Very ale rèc(Ignls•.d as iT)come whon Ilie i1onaln Is rerLNed. Credit is lakep for bank Inleiesl an accftw15 ba515. 17-
SOUL SURVIVOR WATFORD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policie5 Icoiitinuedl 1.5 R8$ourco$ èKptsnded Ixpendllur& Is ieco9nl£pd orce. Ibe",e 1$ a legal oi conslruclive oblHJalioTh to transfer e¢oni)mi¢ be?1 efil 10 a Ihlrd party,11 Is prob3ble Ihal d batis(Èr uf ecotKxniG benefils ivill be iequtred In sollioment. and Ihe amount of the obli9alior can be m8asJred ieliabty. Expenditure is classlfied by Étlivty The costs of each activity are made of the lolal ol dirpi.'l i-.o%l% f?iirl sh3re.d costs, Incltsdinu siipporf cosls iDvofved in itndertak-ng Èath actitY O,'re.cl costs aiitibiilable lu a sliigle clivily arÈ alloc,aled direr.lly lo Ihal adivily Shared $1$ which contrilte lo more than une aLIIvily and '.0 sil1 dLlivily 31e appo.ed be1.e¢ll those activit$ on ) bas15 consisleiil willi the use of iebOlllC¥S. C¢niral slall w515 Bic ollocated on the ba$is ol lime spent, ond depreclalion charges are aQocal¢d on tho pDrtion vf te assel's use. xpendilur&. whith IndudeB IrrerAkverable VAT. 15 t?kp.n inlo acuunl on an a?15 basis and h85 been c.la8sified under hpadinos Ihtsl aguipgalè 211 c()sl£ ielalpd ID l'ie tMlv.Dnry. Wneie cosls cannol be direclly èlliibuled lo partKulor hÈadiios Ihoy hawe teen allocated lo aLl1vil5 on a basls consi$lenl with use of the re$ource$. GoveFn8nce cDsl8 compilse al costs ielaikn9 to puik accoJnlabilily ol Ihe CIO and Ils cornplianee with repvlallon and gDod practice. The$0 ¢osls iidude Costs relaing'iO Ihe stalulory aud11 No salarie5 are allocaled gweinance G0515 as lh8 vasl majwly ofthe 15 carried oul by the Trustees. Grants ar& accounlèd for ¥then pakl. 1.6 Tanglble flxed aJset8 Tangible fixcd a5scIs Jro In1 measured al ¢o$l 8nd subs0onIty rn8861ed al ¢o$i. nel ol depreciation nd any Impairrn?nl k5S88. All of Ihe CIO'5 fixed assols are used for Ghaiilablg PLrposes and a induded ai co$l. Items 8rf> only capilaliyed wheie Ihe uril puicbase prl¢e exceedg £5. Doprecialion on fixod assets Is ¢al¢iAgled 81 lales eslirnated lo wiile oif Ihe cost over Iheir expected u50ful 15ves al Ihe fohowing rats. Freehold build5n9S 2% Slralghl line ba51S HoLJse 2%.8liaighl IiiiL basis FufD.lurÈ, Iilbres 8 equipmpni-warehou$e$ lo%.lia1gh1 line b851& Fixluies, fillin9s & frquitw))Biil 20% Slraiohl line bas The gain or 1055 arithping on Ihe (SIsp05al of an asset is deleimined as Ihe differetKe bplween Ihe sale piocetmls and Ihe caiTying valuÈ of the as5e'. and is rpco9nised in nel incomÈfiexpendilurel for Iho year. 1.7 stocks Stock is val,Jed al Ihe lower ol eos,, and nei realisaWÈ value. 1.8 Cash and tash equivalÈnt5 Ca5 and c3sh equiva erls FtclLle cash in b.a. beld al call with banf(s other shoA-lerrn I,quid invÈslmènlS W11h original maiurilie5 0 Ihree mthS QT less. and bank overthatts. 83nk gverdrafts 8re slown within borrwings in curreThl 11a'11b. 1.5 Fln&ncial in$trumÈnt$ Ihe CIO onty has financial aetS fina18[ Iiabililie5 Of a kirmj th31 qualfy as basic Iinancral in51rutnept5. Y351c financial tnslrumen15 arè initially re¢Jg41sed 81 Iiansaclion valup and subseqJenlly measured al Ihwr selllemenl value.
SOUL SURVIVOR WATFORD NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Accountin9 policies Icontlnutsd 1.10 Employee nefIts The CIO operates a nionoy pu'chase pension schemo. The conlwlbutnS in the yÈ&r are chargpd to the Slalemenl ol Financial AclivL&ies as Ihey fall due. 1.11 Relirempiit bÈnelll6 Paym&nls'.o éÈfinÈd tontributKJn tiremen1 tenefil schemes arè tharg&d as 8Th expense ès thèy fall 1.12 Ta¥ Status Soul Suivivoi WJtloid is a iegisloied charty Lwd Ihtsrotoro Il is not asse85able lo income t8x on any chaTi14ble funds v411kii Ike scope Df Section 505 01 Ike I01& ard corpallOn Taxe$ Ac.1 1988. Income frotn charitablè activities Unr¢strt¢tèd R¢5tr1ctsd fund8 lund$ 2024 2024 Totsi UnroBtricted Re8trlcted fund$ lund6 2023 202J Total 2024 2023 Sale of goods AlItsry trading Intome Charilable ienlal income Even15 8 Olher Income 7,371 7.371 32.751 1.480 40.270 8,267 6,267 47,301 1,180 175,108 32,7S1 1,460 40,270 47,301 1,18) f75.108 7.371 81.852 223,589 6,281 ??9,856 Income from Invesimonte ilnrL%lricted Unrostrictod fund% fuiids 2024 2023 Inleiesl re(Nae 25,215 3,191 Other iTh¢ome UDreslrl¢tod Unro$tritted funds 2024 2023 Nel gain on dispusal ofi3ngiblp fixpd a84p.ls 1,943 19-
SOUL SURVIVOR WATFORD NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Charitable activits-es Soul Survivor Wattord 2024 SDUI Survivor Watford 2023 Staff cosls Deprecial,on and impawrn1 Fvenl8 & 0rea Alpha CDnoreQalfi expenses Schools, youlli arid children R?freshryi8DIs Book 8hDP offi expense & IT Telwphone Tri1V & ¢ouises Bank charges & mortgage Inl8re61 M8klno room lor mo Wafohousè and buihying wunnin9 )st$ 745,338 &9,324 18,525 2,1 3S,563 17,702 2?.,877 7,607 18.859 5,214 167 11,078 753,367 62.165 1,446 34,411 11,908 0.365 26.697 ID,193 82,913 13.889 1.040 130,470 135,473 1,243.962 Granl funding ol act51$ (seè Aotè 91 Share gf governance Costs Iseè nole 61 109.570 129,235 153.021 t.3,523 1.4uf1.535 Analysls by lunil Unieslricled funds- general Unreslricled fLinds- designated ReslricleLI luTrds 1.182.029 1.269.285 102,828 99,118 65,666 83,132 1,350,5?3 1.451.535 Support costs allotated to aetlvltles 2024 2023 Goveinance cosls 129.235 54,552 Analysèd bÈtWEen: Cha'ilable activilies 129.235 54,552 -2D-
SOUL SURVIVOR WATFORD NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Support cost5 allocated to activttlès IContlnUBdl 2024 2023 Governhnce tosts comprlsÈ: Jdil fÈ.p.8 Accountancy 8.88S 5.OOD 5,352 4,740 44,460 C051s 855ociated with saleguarding invèsiyalh)n 61,789 129,235 54,552 Governante ¢osls in¢lLk¥e$ payfftenls to lh& of £8,886 12023 . £J,3Jf2I lor aud¢l fe85 aiKJ £5.000 12023- £4.740j lor Other sp.r¥ices. Net rnovement in lunds 2024 2023 The nol movemenl funds is staled after chaiglnglluedilingl= Ftre$ p#y8ble for the audrt of":he chority'$ fln8n¢ial $18itrm•nis Depieciaiim tsf owned lagible fued asset$ Lossllpiolill on lisp1 ol lang1D fixed Assols e,886 89,324 5,352 8S.380 11,9431 TruBtee$ nuilii4 Ihe ye•r lour Tru8lees IRevd Mthael Pilavxhi, Revd Andrew ¢rofr.. Revd Jon8lh8n qleven$ 89d '. Iz Hoeksmal iecr.ivcd rernijneialiw Iheiw see5 8s èmployeés C>f the CIO. Ihe liuslÈes received lolal remuner21iDn of £186,105 12023 . £2CI 7541 ard lolal ¢oniribulions ID porsonal pènsioh Plans, 01 £20,404 12023. £22.2371. Trbsie&s of Soul SuTh4vor tfOrd arfr permill8¢J und81 secawjn 7.2.3 of the chaiily conswulion lo be employod by Ihe CIO. During th? year a lolal 01 £2.87812Q23. t27.3} was 1MbUd 10 lour Trus'.ees for expenses Ihey incurred 21
SOUL SURVIVOR WATFORD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 Grants payable ChaTltable activitles Charitabltr 2024 2023 Grants lo inslilutions. Soul 61 Sl Alban5 D>caSe Charis Sl Andrews ChuTch W8ilord Evangelical Alliance Special Offerings IEasler 8 Christmas) Allernalives South Afrita Food Appeal Durban H<ilfway House The Hopo Fund Oiher 3.000 21.756 6.360 13.504 1.000 18,000 32,430 6,360 1.000 19.254 3.OGO 820 100 36.547 3.853 J.O(iO 36.013 102.932 121.424 Grants lo individuals 6.638 31.597 109.570 153.021 10 Employfres The averago monlhly nurni%r of cmployecs during Iho yoar was-. 2024 Number 2023 Nurnbtrr 19 21 Employment costs 2024 2cI23 Waq95 and salaries Soc al security cos15 Other pension cosls 623.708 57,658 63.972 669,152 62,897 70,301 745.338 802.350 Staff cosls capitalised as part ol Making Roorn for More buildiw project 745,338 711,172 Redund8ncy and lerminalinn paytnenls Inla1lg f15.680 were made In the reix)rting period This went io Andy Crort In December 2023 as he iesigned from Soul Survivor Walford 32-
SOUL SURVIVOR WATFORD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 31 MARCH 2024 10 Employee5 (COnnÈd1 Ponsion cosls are allocaled lo aelilieS in rrfotx)rtK>n lo IhÈ ielaled staffing costs incurred and lo the appropiialÈ fund. The key rnanagemen.. personnel of Ihe chairty are (x)mpriscd ollouF of IhÈ krus.ees The lolal remuner3lic? ol key manaoomcnt ptsrsonnol during thè year was 1207.917 12023. £225.7731 The CIO recovered £7.378 12D23 £6 2671 of IhE salary from olyet pa11nr organisalLODS Ih81 uli115e Ihe key mnnaqement persDnnel In their operaliorys. There we Iwo empk)yee5 whose annugl remunersiion was InDrt Ihan £60,U(2023- none) 11 Taxation The charity 15 exvtrikl frn on in*mo and pJi115 falli Wilh section 505 01 Ihe Taxes Act 1988 or soclion 252 of the Yayalioi cl Chargeable Gain5Aci 199210 Ihe ¢ent Ih31 IhTrse are aled lo 11$ thaf118b DDlecl$. 12 Tanglblè fixÈd asststs Fw•n•fvJ ulhjln Flxtur•s, Tol•1 •qulpmonl Colt Al 1 April 2023 Additions 3,042.778 128.032 612.722 2.655.500 21,575 149.607 Al 31 Mgich 2024 3.170.810 634,297 3.805.107 Dtproclatlon and irnpalrmgni Al ' April 2023 Depreciatn Chaiged iii the year 394.686 53.036 462,858 36,2118 857,544 89,324 Al 31 March 2024 4417.722 499,146 946,868 Clrrylng amount Al 31 March 2024 2,723.086 135,151 2,858,239 Al 31 Varch 2023 2.648.092 149.864 2,797,956 13 Stocks 2D24 2023 Finished goods di gwds for resale 7,024 8,041 The amounl ol slt>th expensed during Ihe ye31 wa5 £t.021 P023 £1.5681. -23-
SOUL SURVIVOR WATFORD NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 14 Debtors 2024 2023 Amounts lolllng wllhln one y¢ar= rrad8 rjoblors Ollier deblJrs Prepaymenls Bnd 8cciued income 34.002 3.849 37.209 10.211 37,8S2 16 Creditors.. Jmgunts lolling due withln one year 2024 2023 Tiado creditors Olhcr ¢rediiors A¢Gru81$ end deleired itKomtr 6,641 13,C4)2 24,673 3.888 25.280 44,316 20,168 16 Rellrement benèfll schtme$ 2024 2023 Dolin8d contribution hme$ Charge lo plofil 01 kjss in rospecl oldefined ¢wIrl1110Th schemes 63,972 S4,761 Thp CIO opcroles Li dp.fined conti1buiTr pon schemo lor all qualifw'ng employee$. The assets of Ihe scheme are held sepa¥aiely fioThi those ol Ihe CIO iii ali liL'-11dCl1l1lV admin Jlerod fJno. 17 Rgstricled lunds Thc incomo funds of Ihe CIO include re8lrlcted hjnds cornpit5g the folbwing uThexpended ba1ancgs cf donalion& ancs giaYl& helcs on Ifusl for spor.Ifi¢ purpose%." At 1 April 2023 Intomin9 RosLiur¢es restsur¢¢s eX#d*d Tiat)$lers At 31 MaTch 2024 Specinc donalions lo ildal$ 8.771 37.138 129,6531 16.256 Makillq RoorTr lor More 27.065 17.000 I27,[5) The Hope kund 25.767 136.0131 6,754 34,538 81.203 165.6661 I27,5) 23,010 -24-
SOUL SURVIVOR WATFORD NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 17 R95trictèd fund6 Icontintsodl Previous year.. At 1 Aptll 2022 IntorTting re$oiJrces Resources Èxpended Transfors Al 21 March 2023 Spec.,fic doiiÈlion510 iThJividuals 28,132 82.230 175.825 34, Jf38 Making Room lor Morp 58.180 72,415 6.267 11.040 16.267 {12Y.5r)51 Sou161 Salary Eliirsary 86.312 160.g12 63.132 1?9,5551 34,538 Specific donation5 lo IndivKluals or in$lilulioTh$.- JJiirvJ the year Ihe CIO re¢eives dtsnaiions which are ieslricled 10 specific pèopk or insiiithions which are in need. The funds ore poid out lo the Inlended recipienl. Making Room for .1 IL4u1?g fund).. In 2018 GIO foiséd lund8 lo .91318 an expanslon ol 5 & 7 Greycaine Road 10 Inyease the capacity lo alh)w for an Increase FD number of peOt jillonding 5eNiL*.5. The CIO. after receiving planning peim1$5ioTh for No7 Subsequenity de¢ 10 5plIl 1119 pxpaiisi(J115 iiilo two pha$e$. Pha$e I was Ihe expartsion lo No7 to eieale 8 larger woisfrlp. cc#mrnunily 5parÈ and PXPiJ11ded kil¢hgr i?nd this phaso was comp1 in June 2D21 Phase 2 will be the expansion lo ND5. The 11gnsfer Icprcscnls tho ctspilal e1cmenl beld n r¢81rlc1 Ibnds ol Ihe ld8 already spwl on as5els In th8 ye8r being Iran5ferfed lo Ihc frAed a&3el des01t fund. -25-
SOUL SURVIVOR WATFORD NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 16 Unreslricltd Ind$- Dpsignated These are unrÈstri¢iod funds whh e material lo thè CIO'S actilIeS. At 1 Aprll Res¢)ure 2023 expended Transfern At 31 March 2024 Flxed A$stl Making Room lor More (Building fund) New v15ion Pioperiy In8intenance Chur¢h plant IuDd 2.797.9 1.173.005 189,3241 149.609 27,065 2.858.241 1.?00.070 4.Rno 7.564 22.321 35.825 113.504 4.D19.150 1102.8281 176,674 4.092.996 Prevlous yÈar= At 1 Aprfl Resources 2022 expefidéd Tr•n$fers At J1 March 2023 Flxed A$sel M8king loom lor mor&(guilding lurdl New vision Pioperiy msJSnlenan¢t Church plant fund 2.702.602 1,12 Jf.005 3,6 4,464 {85.3921 180.846 48.000 1.200 J,000 2,708,056 1,173,00)r 1.464 3.5.825 113,726 3.685,222 IY9,118 233,046 4,010.150 Fixw(S A5soI. FurHls r4Yesenl the nei book value of Ihe fixed a5sels of th8 CIO. ThÈ IranfeT rL&piesen15 the pilal clcmenl held in 111¢.1 lijnds of lijnds alrea¢.y 5penl in Ihe prewou$ year on assels bèing moved lo do%ignaloe lunds. I r34lèr"...ii Ilir, c.1llllil?l yfrai rpprp%pTrl the rNivemÈni ir Ine nel book value ol the aSSO15 in relalion Ir> bolh oepreciaiion and addihDnS Irottk resltKled unreslFicle(I lunds. Makinq R(Iiim for Mo>ie IFI..Jllding fundl The Truslees deced to designal8 Jenoral fund• lowaids Iliv pli3nnod eNpdn51L)ti ol Ilie cli%*iclI bul.'ding The Irwsfei iepresenis Ihe deSnat olthese lund&. See ieslrir.1o.d liJnd8 note for more detail on Ih.'s ful. 19 Analys?s ol net assets bÉen fijnds Unre$lri¢led UnrÈstrfttÈd funds funds 9oneral dÈsignaiod 2024 2024 Roslricted fund$ Total 2024 2024 Fund balancos at 31 Marth 2024 arÈ represented by.. Tangiblc a5soIs Current a55plsllliabililiesl 2,858.239 1,234,757 ?.,858.239 1.496.435 238.668 23.01 238.668 4,(2,996 23.010 4,354.674 -26-
SOUL SURVIVOR WATFORD NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 19 Analysi5 of net a55et5 beiween lunds Icontinueél UnreslrlctÈd Unre8lrlcted funds funds goneral de5ignoted Restrltted funds Total 2023 2023 2023 2023 Fund balances at 31 March 2023 ar¢ iepm$¢ntd by: Tang,blp. a5s&Is Cuirenl )sselSllliabil115l 2.797,956 1.221,194 2,797.95S 1,685.347 429.816 34.537 419.816 4,019,15a 34,537 4,483.303 IncbJded Ir the currenl a$sels 1$ £1,257,765 I223- £1255,73110l Ga5h thal is nol avalable lor Ihg geneigl use by the CIO bec8use1115 re$1rle ordesyrwled. 20 Relalod party tran$aG¢itsns Aggregated donalions receivett from Ihe Trustees or relaled partie$ lhOUt condition6 IDlall?d f.74.37?1?.023 - £4S.480I. Thfrre were no balan¢&s th4ryNJ 10 or trom any rdaled party al Iho balaKe shÈel daiè12023- Eiiill. 21 Cash (ab•0¢ t+yllg&n•rat•d from operations 2024 2023 loe111118UIpJS for the y¢ 1128,6291 141.500 Adlustmèt¥tÉ l¢r'. Inwoslmonl Income recognised In slalomeni offinanua aclMb"o$ Galn on disposèl DI laryible ftxed 855els DeprÈpiAiion impiirininl Trl',8iigiblp fixèd a4.18 125,2151 11,9431 89,324 Movements In WDrklnll capital: Decrease In Stocks DeLrtsasèllincrca5ol in dcblory Increaselldecreasel iii ciedilois 1,017 18,568 15,148 1,569 115.4671 Cash labsorbpd bylluen8raled from optiatlons 129.7871 193.741 22 Analysls ol changes In nÈt fund8 Ihe CIO had no rnaleiidl debl during tho year. -27-