REClliTERED COMPANY NLIIBER: 1241174N7 (En%land and RELTllED CHARITI'.NLIIBEIi: I1gIJIU5 REPORT OF THE TRUSTEES AND FINANCIAL.¥fATEME%TS FOR THEYEAR ENDED 31sr MAY 202A FOR BOOKS PLUS CARDIFF LI.MITED Gell & Co LhartLTed Certified Accountants P¢mbroke House Llantarnam Park Way (Thbran Torfaen NP44 3AU
BOI)KS PLUS CARDIFF LITrIITED CONTENTS UF THE FIKINCIAL STATEIIENTS FOR THE YE.4R ENDED 31Sry MAI. 2024 P#Re Riyort of thc TrusteL¥ Independent ExlInLY,5 Report Stgtemellt of Financi41 AftiTrities Ba]gDCC Shert l%rtes to the Fin4ncial Statements 8 to 13 Drtaiitd Stakmffit of FinanciAI ActiTritios 14 to 15
BOI)KS PLUS CARDIFF LITrIITED
REP()RT OF THE TRuEE$
FOR THE YEAREYDED 31ST IIAY 2024
The tru4LTS who arc also directOTS of the charity for the wrtxis of tTr C"I>Tnpanics Act 2(Ml(). prcscnt their
report Lhe fine131 statements. of LarItY for the yedr eIe 31st May 20?4. Tr IruQee5 Ikive
opted proN'isions of Accounting aT¥J ReTXlrting by C harilics.. Ststemcnt of RLTommcT¥Jal Practice
applicable to chJritie5 preparing their accounts. in aCcordae with the Financial Rerx)rting Sthnthrd
applicable in the UK and Rewblic of ITeland IFRS 102) leffecfive l January 20191.
OWECTIVES A.YD ACTIN'ITIES
l)bjcetlv alms
The charity's objea aNI prirjpaI actii'ity 15 to ad'ae the Christian faith a1 in particuiar to proi'ide
Christian lilcrature awd other fom of Tnedia comMlCati1jll. This objeL1 is mei through thc (ycralion of a
Christian bix)Lshop irath'ng un
BOI)KS PLUS CARDIFF LITrIITED REP()RT OF THE TRuEE$ FOR THE YEAREYDED 31ST IIAY 2024 FUTLRE PL4NS The tru4ees Mill maintain activity at the University H05pitsI of Wales the shop BOOKS Plus C'ardiff in Unil ¥ ofthe hospitsl's m&in entrance ond concour. Sufficient reserves are held lo support the continu10n of the actilty in the sknrt-temi &$ a nUmr of IlI1.7dUaIS and churches suprx)rted the work during this finarKial year. Fu1raisIng aTKI irSing pport for the '01k remain8 a wiority for future of B(XIKS PILL8 LrdIff Limi1 in a.8giciation 1s.ith ils parent charity Light on the Mount. ?0?4-?0?S marks the ?5th anniijersary of the B(X)KS Plus LardilT shiv and aLliwities are ongoing in conJution with this milts1o. The ability lo da))0lie in Cardiff tkni tk ministyltrading nx)del is talble, is a key elLmcnt of the charity's strategy in ass(Kiation with parent company Light on the Molnt. TRLICTLIRE, GON'EILNANCE AYD.MANAGE.MEYT f•ovcrnin% dornmcnt BOOKS Plus Larth'ff Limited is both a private limiLed company and a registerLNI charity. charity is controllcd by its McnNJrandutn and Articles of A&sociation. Control of B(X)KS Plus Lardiff Livnitcd lics with ils parenL charithble company Light on MounL. The charitable objects of B(X)KS Plus Larth'ff Limited Tnirror th(xsc of Light on the Mount. Thc chaTity has struL1urLul this way lo balae the nttd for Ial aLcounknbility whilst ensurinLT consisiency a1 L¥(M)d Trnagement prLtic¢ ¥ross group of charitablc companics oTatIng BOOKS Plus chaiitable bwkshops. Staff cmploycd by B()OKS Pl5 Cardiff Livnitcd aTe also employed by Light on the Mount i>n dual employni¢nt COna¢t Ref rnlltmlt And Appointment of new trustees T1 fornial mdhoj of appointing trLLsIcLS is contained within the colstitution of the charity. New tnLSteL are ttpp)int¢d by fomThl rtholution of exiQing tmstets_ New tnL%iees Jre trained by Otr mi%iees and ihe Charity's managiement staff to become Fttmilitir with i charitvs objectives, constitution. memoranda and articlLS of iorration. their legal duties 1nLSte, busines% finance and other relaial q)eratiotul matters. REFEREN'CE AND ADNqINISTIL4TIVE DETAIIS Re%isterLYI CompanTr' number 1 ?41174117 {England and ReEi5tlYLYI number IIIXJIUS Relister1 offfice IY Frank]en Road Cardiff CTr14 IHR Tru5ke5 A S Dubljevic Lroisfft Ptgcutor C J GraeS li Proflssional Pagc 2
BOI)KS PLUS CARDIFF LITrIITED REP()RT OF THE TRuEE$ FOR THE YEAREYDED 31ST IIAY 2024 REFERENCE AND ADMINISTRATIVE DETAIIS 1ndcpindi¢ Ex4mi))er Ld CJ(xiderham FLA CYrnL0 ClwrterLuI Lertified Accountants Pembrokc House Llantarnani Park Way CwTnbran Torfaen NP44 3AU AT4)r(Ned by or&rof tl* knard of trlte&S on 26th February 2025 and signLuI on its behalf by. C J CJraves- Tnlee Pagc 3
INDEPENDENT EI4NqINER'&> RF.P()RT T() THETRU¢iTELS OF BUUKS PLLIS CARDlb Tr" Ll.Iiri'LD IndepL.ThdLt examinevs report to the truste or Books Plus Cardiff Limited ('the Companv,) I rcTX)rt to thc charity on nry examination of the accounts of Company for ye&T eTKlal 31st May ?0?4. RnsibilItieS and basis tsf rcptsrt As the chariry's trusl¢*s ol" the Lompany la a]q) its directi5 for the pw)ose5 of company lawl you e respon%ible for thc prcparation of tlk &counLs in &cordance '1th thc requircnrntg of thc Companicg Act 20(K) I'ihe 20(K) Att'i. Having satisfied myself that the accounts of C'ompany are t required to audited lller Part 16 of the 20(b Act and are cligible for in{knInI cxamI1]0n, I rcprt in rasp1 of my examination of your charity's countS as carried out uler Section 145 of the Charities Aci 2011 (Ihe ?01 l Ad'i. In carying out my examination I haN'e followej tlK Diicctions given by C"harity Lomtnission un¢kr Sedion 145(5) {b) Oft 2011 Act. Independent examinevs Stgtement I haN'c complcted rny cxamination. I confirm that no matter.s have come lo my attention in connection with examination giving me caSe to believe: accounting records were rmjt kept in respect of the Company a4 required by Section 386 of 20( Act: or the accounts do not accord With Ihose recur(Ls: or thc accounts do conwly N'ith ihc accounting rquiremeTbLs of ctIon 396 of the 2(K16 Ad other than any requiremeni that the ¥count5 LFiYe a Irue and fair iryew which is rM)t a nmlter considered as part of an in&pcn&nt examinatioTL or the COL1n. haiee not been prepared in acCOrdae with the rnethS trlpleS of the Statement of RLTommct¥JLYl Prdclice for accounting and rcEx>rting by charities lapplicablc to charitics preTring their &counis in accordance with Financial Rep)rtmg Stanthrd applicable in UK aryl Republic of ITelaT¥J IFRS IU2)). I have no concerns and IHve covne acr055 no Odr ntter5 111 Colin110 with the examination to whith atteniion should be dra in this rep)rt in der lo enable a prq)er UerStan'ng of the coUnts lo be rChell Ed CJ(K)derham FCA Gre¢n&Co ChartcrLryJ C'ertified AccountanLs Pembroke House Llantarnam Park Way Cwmbran Torfaen NP44 3AU 26th Febwary 2025 Pagc 4
BOI)KS PLUS CARDIFF LITrIITED STATEMENT OF FI%ANCL4L ACTIVITIE¢) FOR THE YEAREYDED 31ST IIAY 2024 2024 Unrcstricted funds 2023 Total funds Notl LNCOIIE AND ENDUW.IqENTS FROM Charitable aftiTrities Sale ofchrislian literature 159,431 154BftJ EXPENDITLRE ON Raising funds 132,347 134J46 Charitable actiTrities Sale of Christian liierature 39.300 42.797 Total 171,647 177.143 ET IYCU.MEI(EXPENDITURE) 112216} (22277) RECONCILIATION OF FLIIDS Total fun(k brought fonvard 122276} T(yfAL FUNDS CARRIED FORM'ARD {34,4921 {22276) T notes forni part of tse financial statements Page 5
BOI)KS PLUS CARDIFF LITrIITED BALAICE SHEET 315T.MAY 2024 2024 Unrcstricted funds 2023 Total funds Notl FIXED ASSETS Tangible assets 375 CURRLYT ASSETS 40,929 40,701 2.520 5,013 Debtors C&sh at bank and in haThJ 1,657 4H,940 4%,234 CREDITC)RS AnM)unls falling due thin one year 179,807 } 170510) ETCLRRENT ASSETS1{LIABILrfiES) {34867} (22276} TUI'AL AS%ETS LESS CURRE.NT LIABILITIEI {34,492} (22276} YET ASSETSI(LIABILITIES) 134.492} {L?276} 10 Unrestricted nds. General fuThl Share capita] {34.493} {22.277) {34,492} {22,276) T(yfAL FUNDS 134,492} (22,276) The charithble company is eniiiled lo emptIon from audit Section 477 of tk Companies Ad 20(YTr foT the yeaT eILY1 31 st May 2024. The manbers have Th)t required the company to oEAain an audit of its financial statements for the year e1 31 st May 2024 in cOrdance with Section 476 of the Con4)anies Act 201X). T notes forni part of tse financial statements Page 6 Contin&..
BOI)KS PLUS CARDIFF LITrIITED BALANCE liHEET- continued 315T.MAY 2024 The trLte& ackmwledge 1r responsibilities for {a} enwring that thc charilablc company kLTps xc(MJnting rOrdS tIHt conwly with Sectiims 3x6 aT¥J 3 of the L ompanits Aci ?IX)6 {b} prcparing finatKial slatLrynents which givc a aTKI faiT lsiew of t1 state of affaiTS of t} charitable company as at the end of ch finanual yr and of its sUlUS or deficii for ¢h finarKial year in ccordaTKe Mith the require1ntS of SLYtiOTL$ 394 aTvJ 395 and which othens'ise covnply M'ith the requirennts of ihe Con4)anies ACL 201K) reldiing to fina{31 statements. M) far as applicable to charitable company. sc financial statements have Ien preparLryJ in CordanCe with the PTiJvisions applicable to charit*frle companie% subject to the gmall companie& regime. The fitwJKial stttlennts were approved by Ilr Board of Truslees aTrl Jutknrised for issue on ?6th Trebwary 20J? and were 5ignLryJ on its behalf by: C J Graves- TrLL4tee T notes forni part of tse financial statements Page 7
BOI)KS PLUS CARDIFF LITrIITED OTES TO THE FINANCIAL STATEIqENT¢i FOR THE YEAREYDED 31ST IIAY 2024 ACCOUNTLNG PULICIES Basis of prcp4rin% the finaneil stitcmi'nts linanciai ststements ol. Ihe cluritable company, which is a public benefit entity un(kr FRS 101 havc ¢n prq)arcd in &cord0nce M'ith ihe Chariiicg S()RP {FRS 102} Accounting and Rq)orting by Charities: StatenI of ReLU)mnnded Practice applicable to charitie5 preparing t1r accounts in occordancc NN'iih thc Financi Rq)olling %tan(knrd applicable in UK und Rcwblic of IrclaThJ IFRS 10? I letlectiFe l January ?019}', binanciai RetM)rting Sthndard 102 'The Financia] Rerx)rting Stan(L4rd applicable in thc UK aTbJ Rq>ublic of IlMJ, and the Companits Act 216. The fin0nciuI slatemalts have beffl preparal under the historical c05t convention. Income All inconK is rLr0gnld in tTrK Sement of Financial ActI1tiC$ once the charity entitlent lo fu1. it is proE%qble tknt the IOnIe will be recei.ed and the amount can be me&urLuI reliably. Expenditure Liabilities are rLYognir£d as ex[ndire as 8(M)n as there is a legal or cotLStnKtiTr'e obligation committing Ihe charity to ihal eXlitU. il 1.8 protroble ihat a trangfer of ecth)omic berIL¥ .111 required in settlement and the amount of the obligation can be rne&sural reliably. Expenditure is accuunied for on an accrua15 basis a1 has been cla55ified under adIn5 ihat a? Trjale all cost Telated to tIK categiry. 14fficrc cosLs cannot bc dirirtly attributcd io particujar hcad]'ngs tY have been allOted to aciii.'itith on a basis consistent with the use of resourS. Tan%lble fixed Depreciaiion is proi.ided at the following annual rdtes in OTdeT to MTite off each as1 over its eglimaied useful life. COMlerequIpnnI 20°/o CQSt Stocks are i•luLuI at the lower of cost a1 net realisable value. after making due allowance for ob8olele and sloNN' moNing itenis. Taxatlon charity is exempt from corporation tax on its charitable xtivities. Fund a¢countin LTNrLtriCted tunds can be ed in accoTdance the thaTitable objectiVLS at discretiixj of the twstets. Restricted fvnds can only be u4ed for particular re4tricled purp)se% within objects of the chrity. Restricti0Ths arise when f)ecified by the dotK)r or when fu15 are rw*d for particular restriL1ed Fth1her explanation of tk natu and pUre of L•ch fimd is ilUthd in the nthes to the finala1 statements. Hire purchgse leasin% commitments Rcntais paid undcr 0ratIng Ica%c8 are chargoj to Statement of Financial ALliiities on u straight line basi5 over the periixl of the lease. Page coniinue41..
BOI)KS PLUS CARDIFF LITrIITED YC)T&S TO THE FINANCIAL sfATEMEYfs- continued FOR THE YEAREYDED 31ST IIAY 2024 ACCOUNTLNG PULICIES- con¢inuthl Pension costs other Pt-r•r('m¢nt benefJt$ charithble company 0raleS a delId contritIon perLsion heMe. C'ontribution5 payable to the charitablc company's pensiim schcme are chargcd lo Stttlcmenl of Financial ActiNitics in i periixl to which they relate. NET I.YCOME/{EXPE)DITURE) Net iome/{expendlturej is Stat after charging/{crLUtiting}= 2024 2023 Deweciation- assets Hirc of plant and Tnxhinery 42 1,029 775 TRLISTEES, RETrIUNERATION BENEFITS Tre 'ere no tnLStets' remur*ration or other benefits for the year ended 3 1st May 2024 for t ycar eThlLryJ 3 1st May 2023. Trustces. expensfs Tre Mrre no trustees, expenses paid f< year eIed 31st May 2024 Th)r for the year ended 31gl May 2023. STAFF COSTS 2024 2023 Wages aThl salari Other pension cosLs 38.258 1,175 37.826 1,128 39,433 3X,954 average monthly number of employees during the yr was as follows: 2024 2023 Sthff No employ5 received emoluments. in exce%5 of £eA),OIX). Page 9 coniinue41..
BOI)KS PLUS CARDIFF LITrIITED YC)T&S TO THE FINANCIAL sfATEMEYfs- continued FOR THE YEAREYDED 31ST IIAY 2024 TANCIBLE FIXED ASSET Lomputer equipme Additions 417 DEPRLCIATIOY Chargc for yc 42 NET BOOK VALUE Ai 3 1st Mtty 20?4 375 Ai 31sl May 2023 STOCKS 2024 2023 st(ks 40,929 40.701 DEBTORS: A.IIOU.NT5 FALLIJG DUE WITHIN ONE YEAR 2024 2023 Other dd)to VAT Prq)aymenLs and aLrftd income 712 1.4211 3110 ?66 190 2,354 2,520 CREDITORS: AMOUYTS FALLING DUE W'ITHLN YEAR 2024 2023 her loaTLS {.see note 9) Tr&le creditors S(Kial .F£curity and otIrIxQ Oiher creditors Accruals and &fLryred incovne 500 11.(K)I 9.705 639 52.257 7,9 63.(AJ I 3,935 79,807 70,510 Page 10 coniinue41..
BOI)KS PLUS CARDIFF LITrIITED YC)T&S TO THE FINANCIAL sfATEMEYfs- continued FOR THE YEAREYDED 31ST IIAY 2024 An onalysis of Murity of loans is given below: 2024 2023 Amounts falling the within year on demand: Other loans 500 10. MOVEMEJTIN FUNDS Net Tni>vLincni in fu15 Ai 31.5.24 At 1.623 LIllStriCted funds GeTra] nd Share capital (22277) {12216) (34,493 } 1222761 112216> (34.492 } TOTAL FUNDS 1222761 112216) {34.492 } Net rnovement in included in ihe above are a5 follows". ITKoming re)urCeS ResourcL eXtled Moi'cmLrnt in funds L nre5trirted funds Gerral nd 159.431 1171.647> (12216> TOTAL FUNDS 159,431 {171,647) (12216} CompratiTr'es for movement in funds NLt movement in fiIT¥J At 31.5.23 At 1.622 L nrestrirted fund5 GcT*ral nd Share capital {22277) (22277) (22277) (22276 } TOTAL FU.ND5 122277 > 1??276} Pagell coniinue41..
BOI)KS PLUS CARDIFF LITrIITED YC)T&S TO THE FINANCIAL sfATEMEYfs- continued FOR THE YEAREYDED 31ST IIAY 2024 10. MOVEMENTIN FUNDS- continued comtiVe nxjvement in fund% jIll£kd in t above are &$ follows: IOming reurCeS Resourc&s experKled MovemLml in funds Unrestrirted funds Gera] fund 154,XfJ6 (177,143) (22277} TOTAL Tr"U.NDS 191,866 1177.143> (22277) A Crent year 12 months and prioTycar 12 mothhs coTnbinLuI position is as follow5: NLt movement in fuT¥J. At 31.5.24 At 1.622 Unre5trirted fund5 Gerrnl nd ShaTe capital 134.493) {34.493) 134,493) (34,492 } TOTAL FU.NDS 134,493 > 134,492 } A currcnt year 12 months 8j pri year 12 months combined nel movemtht in funth, ilu(d in the abOe are as follows.. IornIng [C.UrceS Resources ex11]ed Movement in fund. Unre5triied funds Ger*ral thnd 314297 (348.7g) > (34.493 > TOTAL FUNDS 314297 {3411,79(1) (34,493 } Page 12 coniinue41..
BOI)KS PLUS CARDIFF LITrIITED YC)T&S TO THE FINANCIAL sfATEMEYfs- continued FOR THE YEAREYDED 31ST IIAY 2024 11. RELATED PARTY DISCLO%URE At the year aid the company w&4 owed £1.815 (20?3.' £712) fiDm B(K>ks Plus Cilouc&ster Limiie¢l At the year aid the company owed £63J41 (2023: £51.972} io Light On M(nt. Page 13