REClliTERED COMPANY NLIIBER: 1241174N7 (En%land and REL￿T￿llED CHARITI'.NLIIBEIi: I1gIJIU5 REPORT OF THE TRUSTEES AND FINANCIAL.¥fATEME%TS FOR THEYEAR ENDED 31sr MAY 202A FOR BOOKS PLUS CARDIFF LI.MITED G￿ell & 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 Ex￿lInLY,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 TRu￿EE$ FOR THE YEAREYDED 31ST IIAY 2024 The tru4LTS who arc also directOTS of the charity for the wrtxi*s of tTr￿ C"I>Tnpanics Act 2(Ml(). prcscnt their report Lhe fin￿e131 statements. of L￿arItY for the yedr e￿Ie￿ 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 aCcorda￿e 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 prir￿jpaI actii'ity 15 to ad￿'a￿e the Christian faith a￿1 in particuiar to proi'ide Christian lilcrature awd other fom of Tnedia comM￿lCati1jll. This objeL1 is mei through thc (ycralion of a Christian bix)Lshop irath'ng unrtion of the &sels hai.'e been retained within the I￿rent chqrity Light on ihe Mount. Resenees are currently held within the Light on the Mount OMT£d LYOUP of comFAnies to ensure charity is well placed to Tneci future thmanth on ils rcs(yJrces. Thc tru¢aLTS are working to agrLTing a group wlicy to Ikfir* reTreTh'e5 are to be held for each of Lhe indi￿.idlll1 conwanie5. incI￿11n& BOOKS Plus Carth'ff Livnited. T1￿ tr￿￿te￿ conqdcrthe level of Te￿[V&S lo be a(kquate. Page I BOI)KS PLUS CARDIFF LITrIITED REP()RT OF THE TRu￿EE$ 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 continu￿10n of the acti￿lty in the sknrt-temi &$ a nUm￿r of I￿lI1.7dUaIS and churches suprx)rted the work during this finarKial year. Fu￿1raisIng aTKI i￿r￿Sing pport for the ￿'01k remain8 a wiority for future of B(XIKS PILL8 L￿rdIff 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 conJu￿tion with this milts1o￿. The ability lo da))0￿￿lie in Cardiff tkni tk ministyltrading nx)del is ￿￿tal￿ble, 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 bala￿e the nttd for I￿al aLcounknbility whilst ensurinLT consisiency a￿1 L¥(M)d ￿Trnagement prLtic¢ ¥ross group of charitablc companics o￿TatIng BOOKS Plus chaiitable bwkshops. Staff cmploycd by B()OKS Pl￿5 Cardiff Livnitcd aTe also employed by Light on the Mount i>n dual employni¢nt COn￿a¢t Ref rnlltml￿t 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 Ot￿r mi%iees and ihe Charity's managiement staff to become Fttmilitir with i charitvs objectives, constitution. memoranda and articlLS of i￿or￿ration. 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 Relister￿1 offfice IY Frank]en Road Cardiff CTr14 IHR Tru5ke5 A S Dubljevic Lroisfft Ptg*cutor C J Gra￿eS li Proflssional Pagc 2 BOI)KS PLUS CARDIFF LITrIITED REP()RT OF THE TRu￿EE$ FOR THE YEAREYDED 31ST IIAY 2024 REFERENCE AND ADMINISTRATIVE DETAIIS 1ndcpindi￿¢ Ex4mi))er Ld CJ(xiderham FLA CY￿rn￿L0 ClwrterLuI Lertified Accountants Pembrokc House Llantarnani Park Way CwTnbran Torfaen NP44 3AU AT4)r(Ned by or&rof tl* knard of trl￿te&S on 26th February 2025 and signLuI on its behalf by. C J CJraves- Tn￿lee Pagc 3 INDEPENDENT EI4NqINER'&> RF.P()RT T() THETRU¢iTELS OF BUUKS PLLIS CARDlb Tr" Ll.Iiri'LD IndepL.ThdL￿t 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. R￿￿nsibilItieS and basis tsf rcptsrt As the chariry's trusl¢*s ol" the Lompany la￿ a]q) its directi￿5 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 ll￿ler Part 16 of the 20(b Act and are cligible for in{k￿nI￿nI cxamI￿1]0n, I rcprt in rasp￿1 of my examination of your charity's ￿countS as carried out u￿ler 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 ca￿Se 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 acCOrda￿e with the rneth￿S ￿tr￿lpleS of the Statement of RLTommct¥JLYl Prdclice for accounting and rcEx>rting by charities lapplicablc to charitics preT￿ring 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 Od￿r n￿tter5 111 Colin￿110￿ with the examination to whith atteniion should be dra￿￿ in this rep)rt in ￿der lo enable a prq)er U￿￿erStan￿'ng of the ￿coUnts lo be r￿Chell 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 t￿se 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 e￿ILY1 31 st May 2024. The manbers have Th)t required the company to oEAain an audit of its financial statements for the year e￿1 31 st May 2024 in ￿cOrdance with Section 476 of the Con4)anies Act 201X). T￿ notes forni part of t￿se financial statements Page 6 Contin￿&.. BOI)KS PLUS CARDIFF LITrIITED BALANCE liHEET- continued 315T.MAY 2024 The trL￿te& ackmwledge ￿￿1r responsibilities for {a} enwring that thc charilablc company kLTps xc(MJnting r￿OrdS 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 y￿r and of its sU￿lUS or deficii for ¢￿h finarKial year in ccordaTKe Mith the require1￿ntS of SLYtiOTL$ 394 aTvJ 395 and which othens'ise covnply M'ith the requiren￿nts of ihe Con4)anies ACL 201K) reldiing to fina￿{31 statements. M) far as applicable to charitable company. sc financial statements have I￿en preparLryJ in ￿CordanCe with the PTiJvisions applicable to charit*frle companie% subject to the gmall companie& regime. The fitwJKial stttlen￿nts 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 t￿se 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 finanei*l 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: State￿￿nI of ReLU)mn*nded Practice applicable to charitie5 preparing t￿1r 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 I￿lM￿J, and the Companits Act 2￿16. The fin0nciuI slatemalts have beffl preparal under the historical c05t convention. Income All inconK is rLr0gnl￿d in tTrK S￿ement of Financial ActI￿1tiC$ once the charity entitle￿￿nt lo fu￿1￿. it is proE%qble tknt the I￿OnIe will be recei￿.ed and the amount can be me&urLuI reliably. Expenditure Liabilities are rLYognir£d as ex[￿ndi￿re as 8(M)n as there is a legal or cotLStnKtiTr'e obligation committing Ihe charity to ihal eX￿￿litU￿. il 1.8 protroble ihat a trangfer of ecth)omic be￿rIL¥ ￿.111 required in settlement and the amount of the obligation can be rne&sural reliably. Expenditure is accuunied for on an accrua15 basis a￿1 has been cla55ified under ￿adIn￿5 ihat a￿? Tr￿jale all cost Telated to tIK categiry. 14fficrc cosLs cannot bc dirirtly attributcd io particujar hcad]'ngs t￿Y have been allO￿ted to aciii.'itith on a basis consistent with the use of resour￿S. Tan%lble fixed Depreciaiion is proi.ided at the following annual rdtes in OTdeT to MTite off each as￿1 over its eglimaied useful life. COM￿lerequIpn￿nI 20°/o CQSt Stocks are i•luLuI at the lower of cost a￿1 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 LTNrL￿triCted 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 fu￿15 are rw*d for particular restriL1ed Fth1her explanation of tk natu￿ and pUr￿￿e of L•ch fimd is i￿lUthd in the nthes to the fina￿la1 statements. Hire purchgse leasin% commitments Rcntais paid undcr 0￿ratIng 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 P￿t-r￿•r('m¢nt benefJt$ charithble company 0￿raleS a delI￿d contri￿tIon 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 i￿ome/{expendlturej is Stat￿ after charging/{crLUtiting}= 2024 2023 Deweciation- assets Hirc of plant and Tnxhinery 42 1,029 775 TRLISTEES, RETrIUNERATION BENEFITS T￿re ￿'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 T￿re Mrre no trustees, expenses paid f<￿ year e￿Ied 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 y￿r was as follows: 2024 2023 Sthff No employ￿5 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 aLrft￿d 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 otI￿rI￿xQ 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 Mu￿rity of loans is given below: 2024 2023 Amounts falling the within year on demand: Other loans 500 10. MOVEMEJTIN FUNDS Net Tni>vLincni in fu￿15 Ai 31.5.24 At 1.623 LIll￿StriCted funds GeT￿ra] ￿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 eX￿t￿led Moi'cmLrnt in funds L nre5trirted funds Ger*ral ￿nd 159.431 1171.647> (12216> TOTAL FUNDS 159,431 {171,647) (12216} Comp*ratiTr'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 com￿￿tiVe nxjvement in fund% j￿Ill£kd in t￿ above are &$ follows: I￿Oming re￿urCeS Resourc&s experKled MovemLml in funds Unrestrirted funds Ge￿ra] fund 154,XfJ6 (177,143) (22277} TOTAL Tr"U.NDS 191,866 1177.143> (22277) A C￿rent 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 Ger*rnl ￿nd ShaTe capital 134.493) {34.493) 134,493) (34,492 } TOTAL FU.NDS 134,493 > 134,492 } A currcnt year 12 months 8￿j pri￿ year 12 months combined nel movemtht in funth, i￿lu(￿d in the abO￿e are as follows.. I￿ornIng [C.￿UrceS Resources ex￿11]ed Movement in fund. Unre5trii*ed 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