ALL SOULS SERVE THE CITY CIO Charity number: 1192900 ALL SOULS SERVE THE CITY CIO UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
ALL SOULS SERVE THE CITY CIO CONTENTS Page Rèferonco and admlnistratlve dgtails of the CIO, It$ tru8tses and advl¥ers Opfrnlng ststoment Trustsè8' roport Indepgnd8nt ex•mlneff8 report statsmont of flnanclal pGtlvltle8 Balan sh•¢t io 8tat•ment ot cash flowts Nots8 to th• flnanclal $tatemgnt* 12-24
ALL SOULS SERVE THE CITY CIO REFERENCE AND ADMINISTRATIVE DETAILS OF THE CIO, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024 Trust808 Richard Bagwell, Representative for the Rg¢tor of All Souls, Langhatn Place 1 Simon Banks. Honorary Treasursr 2 (apinted 31 October 20241 Jenny George, Alison Grieve, Honorary Treasurer to 31 October 2024, Chair from 31 October 2024 John Grair)geT' ltslia Jensen 2 Rebekah Turner, Chalr 2 Ireslgned 31 October 2024) Brian Weaver, Secretary, Chris Wright lappointad 13 May 20241, I Ex-offlclo tfuslee 2 Appointed by the PCC of All Souls, Langham Place CharIty reglstergd numbèr 1192900 R•9lst?r•d addr888 2 All Souls Place London W1B3DA Prlnclpal oporatlng OfflGo 141 Cl¥velond Street London W1T 6QG Indopgnd8nt Ex8mlner Alon9slda Accounting Chartered Accounlanls Contingent Work¥ 3 Broadway BuSldlngs Elmfi81d Rood Bromley BR1 1LW Banker• Barrlays Bank plc 212 Regent Slregt PO Box 11345 London W12 8GG HSBC UK Bank plc 60 Queen Victoria Street Landon EC4N 4TR CCL4 Investment Mat)8gement Limit9d Senator House 85 Queen Vidaria Street London EC4V 4Ef
ALL SOULS SERVE THE ciry cio OPENING STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024 Dear Frfonds. Souls S¢rve the City CIO (ASSTCI was birthed on the 1 January 2021 as a cl)arRable incoTpoiated organisution (CIO). How8ver, Tts origins, to Serve the parish of All Souls, date bad(60-plus years to the days of John Stott. The aiin of ASSTC was always to embody gospel-centr8d. local mi5slon at the heart of All Souls Church. focusing particulady on those Je8Ug had a special heart for.. Ihe1501aled. overtooked. and èxploited. In the first three years of the CIO. our priority was lo develop a shared sense of org8nis3tiDnal identity across four distinct mlnlslrles w1th divergcnl origins and areas of locus, but whlch had compassion for the less fortunate at their cenlre. Now that we - metaphorically speaklng- have every ministry on the same bus, in addition to our day to day activities, we have focussed in 202312024 on developing a strategic plan, our first ever- adopted by Ihe trustees in April 2024- to ser¥8 as a road map for where we belleve God is Galling ASSTC in the coming years. From the slralegic planning process- led by a committee comprised of trustees, staff. volunteors and a fomèr guest we developed a deep 58ns8 of hope and anJclpatlon for ASSTC'S future. Our plan is ambitious. At its heart lies a bold goal= to be plonesr5 Sn Christian Befriending. We 8eek to do thls by cit>ating and implemenllng a scheme that transcends the boundAries ol our varlous rtkinistries and extends the transformative pow8r of Cliri8tian fllendshlp into our communities. We see the Befrfending scheme As a new and exciting way to engage with and supptsrt some of our most vulnerable neighbours. We aim lo do this by golng the extra mlle. serving and seeking lo meet some oftheir fnosl prèssing needs. but also by entèrlng Into life-transformlng r818tionships rooted In the frfendship Jesus has shDwn to us. As Jesus hlmself said Df his followers. You are my fri¢nds" (John 15..141. So w8 seek to belriend all those wa encounter, Yegardless of whether they have a faith background or not. An antlclpated long-lerm deslre and outcome Is that many we serve wlll Come lo know J8sus a8 their frignd loo lif théy don't alreadyl, and experiènco lasting. personal. and spiritual transformatlon which wlll rfpple throughout God's Kingdom. Our broadèr, long-t8rm goal 15 to shar6 our mod81 wlth Chrlslian charities and Lhurches aGross London and thc UK. Howèver, before ASSTC can fully reallse Ihis m8in goal. we musl attand lo the task of buildlng a strong foundalon upon whlch lo construct the Befriendlng scheme. Thus, our Strategi¢ Plan begln8 by selzlng opportunltles for growth and Irensformalion around ellldent and effectlve operalitsns and comrnunlcations. MO broadly, r)ur slratsgic goals and oblecllve$ seek lo embraGa all aspects of our Christian calling, from serving thosè who are vulnerable- due lo life Stage pr clrcumslance- to bulldlng an organisatlonal entity ttrial opo(al6s In a way that glorifies God. Our found8tional alm is lo communlcale God's vision for gDspel-conlred, hollstlc IoGal misslon, whlch blesses evèryone who Sntoracts wSlh u5. What follows capturas the rich. varfed actlvllies and financials of ASSTC 8s we have sought to sorve the isolated, overlooked and &xploited in London In 2024. You wlll discover wo've establlshed a ¥01Sd foundatlon upon which to develop our Befriending schemè In 2025. For the worfd's good and God's glory. ison Grlove, Chair the Board Pamela Brown-Pel¥rside PhD, Dlrector D8te-. 16 July 2025
ALL SOULS SERVE THE CITY CIO TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The board of tnjstees presents its annual report together with the financl81 statements of the CIO for the year bnded 31 December 2024. The board wnflm)s that the ffnanGial statements of the charitable incorporated org8nisallon (CIOI have been prepared in accordance wllh the aCGounling policies set DUI In the notes to the financial statements. and that the annual report and financial statements ¢omply v4ith the requiremenls of the CIO'S govemin9 document. th6 Charities Act 2011 and the provlslons of A¢UntIng and Repoting by Charities= Statement of Recommended Practice applicable to ChareS preparlng their acsounts in aCrdance with thè Hnancial Reporting Standard applicabl8 in thè UK and Republic of Ireland (FRS 1021 {etfectiV8 1 January 20191- Thè CIO also operates undar th6 names ASSTC and Serve The City. The CIO was established at the end of 2020 and the activities of All Souls Clubhouse (an unincorporated chaiilyl, together wlh bNo ministries from All Souls Church. Langham Ploc* were transferred to il In order lo better posrtlon the mlnlslrles IDr the needs of the twenly-first centtjry. All Souls Clubhous8 was established in 1958 In response lo the negd lo minister to the unchurched and underprivileged youth of the neighbourhood and qulckly grew lo meet the social needs oftha wider community. It Wds part of John Slotvs ViSIDn for Al Souls, incorpoTaling his understsnding of 80¢i81 action as a partner of evan9elism. 'As partners,. Stott wrftès lin Ghri$ti&n Misslon In the Modem Worlu), "the two belon9 to èach other and ypl are Independent of e8¢h other. Both arè expressions of unfelgned love.. John Slott saw it as the church'g role not only lo preach Jesus but to serv& likè Jesus, somethlng that we alm to continue to this day through the work of the mlnistrles of All Sou18 Serve The Clty (ASSTCI. Oblbctlvos and a¢ttvltl98 a. Pollcle8 8nd oblgctlves Tho Clo's Dblecllve 18 to advance the Christian falth for the benofil of tho publlc throughout London in ardance wlth 11$ Ststement of Fallh. ASSTC wmprlsès various 80¢1818Ctlon prolecls. largely based al the Ail Souls Clubhouse property, a Church of England community centre servlng local p8tsple Sn London's West End. ASSTC'S locatlon Is within the wmmunity of Fi12rovSa. a centr81 London nelghbourhood that Ss developing T8pldly but which Is S11 home lo a le55 well-off and vulnerably-housed population of around 5.000 peopl8, who are olten forgotten behlnd the area's Increaslngly wealthy lagade. Many experfènea loneliness. isolation, povgrty, Grlm£Tr and racism. We seNe those in grealost need, mo$tly Ilvlng in couricll and ranted accommodatson. In this [sPeCt ASSTC build5 On the work of Tha Clubhouse as a wall-ostabllshed and r9spected In6tllu0n, providlng a rnuCh-need Christian communlty re8Our, reaching beyond Flttrovla. In $etling the CIO'S obje¢tlvès and plannlng for 8Ctlvllieg, the trustees have giv?n due consldeTation lo general guldance published by the ChaTIty Commisslon relating to public benefft. includlng the guidan¢e'Public benefit-. runnlng 8 charity IPB21'. b. Str8tpgle$ ftjr achievlng obJe¢tlvès The board's Purpose is lo overs&e the governance of th8 CIO, wlth the operaUonal side headed up by our dlrèctor. Parllela Brown-Paterside. We are all cx¢¢t&d to see how God has beèn working- and ¢onllnug9 lo work- through Pamela and the other team m8mbers ofASSTC. as well as ourvaluable volunteers. We value yuur conlinu8d prayars forwisdom and disremment as to how we best rnanage resourc98 in thg comlng year and support our sidff and volunte8rs as well as those we serve. c. Actlvltles undertaken to 4¢hiove objectlvos Typically, in ar5y gSven week oui ASSTC ministries gonerally have more contact with non-chrfslans than any other part of All Souls. The CUTrent ASSTC ave mlnislrles indude ASLAN, T8m8r and Senior Care. In 2Q23, we made the decision to conduEt 8 fvll strategic revlew of ASSTC to look at the ministries post-COVID and guide the dlréctton and shape of the CIO for the mid-term (the next 3 years)- We assèmbled a strategic planning Committee comprlsed of serving partners. staff, and trustees lo Who we are very 9rateful for gSving up Iheir Iirne. The Boèrd approved th8 plan in the spring of 2024. Thé data-gathering exercise at the start of this prtscess in particular showed thè value 8nd breadth of the work wo do but that sometimes we have worked too much in silas- breaking do some of those sllos will be part of the work arising from the strategic plan. Bec8us8 of the nature of our ministries to those who are vulnerable adults or children, parttculady thgse who are isolated, ovedooked and exploilgd, all our serving parth815 are required to undergo basic and advanced DI0$an safeguarding training lonlinel and an enhanced DBS check.
ALL SOULS SERVE THE CITY CIO TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Ob}gctlYes and actlvitieg {contlnugd) Ach19vgm¢nl$ and pèrfomiance . Maln achlevemants of the CIO We have contlnued our work Ihls last year in pursuit of our vision to see everyone in London ftoudsh In body and soul. OUT misslon 15 to serve the isolated, overlooked and exploitéd, bringing the message and ministry of Jesus. Wè do this through our values of love. honour and service. We love this city and everyone in it arsd are motivated by love becAuse Ilrst loved us 11 John 4.'191. We seek to honour and r8specl all above ouw5elves (Romans 12'.101, especlalty those whD are vulnerable du6 to their stage of Ilfe or clrcumstances. And we giv8 our lives away in the service of others, U$l as Jesus not come lo be senjed bul lo seNe as he gave his life away a5 a ransom for many {M8th 10.'451. b. Revlew of act5vltlg5 For Easter Sunday 2024 the team ran a successfLJI fundraisSng campalgn appeallng to the chur(* family. reminding them of the mission, vision, and v8lu8s of ASSTC and to showcase the Work of each ministy through stories of changed lives. We received £66.5DO. exceeding our goal of £50,000. And, as preou8 years, funds rBised 81 all the carol 38tvice8 8t All Souls Langham Place go lo the work of ASSTC. For Christrng3 2024, £24.000 was raised. We ara so very grateful for the financial and prayer 5UPPLIrt of the Chr¢h famlly In partnerfng with us lo be the hands and f8el of Jesus In our parish and beyond. ASLAN IAII Soul8 Lucal Acliun NOorkI= to those affected by homelessness, ASLAN offers individu81isod rsre, support and befriending. At the start of2024, we focusod on four key 2raas.' a Saturday day cenlrg, Sleep Sile visillng, befriendlnglvlslllng, and a weeY Bible study group. In November, we also opened up a non-weather dependent night shelter for low-118k IndSvidu815 5UPPOrted by and reforred to us by St Mungo's, and funded In part by Westmlnst8T Councll. The shalter fundons In partnorshlp wtth the Chinese Church In London ICCILI Bnd the Ukrainian Cathedral, each provlding shellor one week In four over th8 wlnter months. and Farm Street Church helping with volunteers as wo11. ASLAN hosl8d the shelter weèks In four wllh a commEtted Shelter Coordlnator, Adela D8vls, hSred lo oversee the whole project, alongs1de four part-time Coordlnators and 60+ volunloers. The alrnospharo at the sheller has beon Iributg lo th8 work done by Adela, her Staff team and volunteers and h85 been commen18d on by gu0618 In feeli119 Safe and protected. We thank God for the proleclion that prayers and the Holy Spirit have g5von u8. Relalionshlp buildlng has been 80 en¢ourdglng loo wlth sever¥1 guasts comlng along lo Carol Sorvicos and one signing up for Chrlstlanty Explored on the back of that. Whllst we continued to partnar wlth London Clly Misslon {LCMI In 2024. organl8alJonal changes al LCM and a shlft In their model from placlng an indlvidual In a church to mobllising churches. moant there was a transltkjn in our relalonship movlng Into 2024. For Iliis reason. we decid8d to employ an ASLAN Ministy worker and brought on Marci MBndon in January, who has been a terrific addlUon. Then, in the surnmer of 2024, LCM'S day ntrO at Webbor Street underwgnl ¥lgnlficant renovations. Durfng Ihoso months when it was not operatson81. we look the OPFY)rtunity lo pllot an invilation-only day c6nlre programme at the Clubhouse on Saturdays for 8boul 20 guests, offering a hol brgakfast, a Bible talk, showers, clean clothes and companionshlp wlth volunteers. It was met with great enthusiasm, Pgrticularly from guests who felt they receivgd more personal attention in the ngw setting with a hlgher ratio of volunteers to guests. We will evaluate thg success of this model and assess the future lo¢aUon of the day Centre In 2025. In December, we also said go(Idbya lo Katte Huggins, who had oversoen and developed the ASLAN mlnistry for the last 13 years. Chlldrgn and Famili08. Thls mlnlstry has not been actNg in 2024 due to a v8¢ancy. Thdt said, as a r8suIt of the strategic planning process and conversations undertakèn with key slaff and parents at the school, our CDmmltment to rp-St8rting this work Is unwavering. Noting that that are gn1flcant rates of poverty among some familles and over a thlrd of families where English is a Send language, we are exclled lo be re-ffamlng this ministry, formedy Called Schools wort(, with a focus on both childrgn and theirfamllies 81 Al Souls School for 24125 and look forward to sharin9 more about this in next yearfs rèport. Our revised mission for this work is for children and families al our Churth of England School, we aim to champlon wellbelng and foslgr an environmènt where every child can flourish. Senlor Caro. For those who are Senlors, we seek out the isolated, housebound and lonely bringing them Into a cornmunity with Christ through our weeY lunch club and befriending progiammes. Home visits 1115 done) and Wednesday Lunch Club1522 meals servedll ¢onlinue lo be a focus for the ministry. The ministry contsnues lo bulld and strengthen relationships. Mth almost 50 guests registered and 12 serving partners. We had 2 tr8nsition in cooks in 2024 and thank Jane Behan for her many years of service to the Senior Care ministry. In November, Calhie Yau joined us and we are 50 grateful lo our voluntèer c(K)k, Andy M for standing in the gap during our 6 month cook transition. One way we have seen integration between Senior Care 2nd the All Souls School is Ihat one child with additional needs is cMing along with a Teaching A5SiStantto help out al the lunch Clu which has bgen a win-win for
ALL SOULS SERVE THE CITY CIO TRUSTEES, REPORT {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Tamar. For those in the Sex industry who may have been affected by sexual exploitation, modem slavery or human lrnfficktng, Tamar restores hope and prow(598 unconditionol support. In 2024. bl-weekly outreach to flats, brothels and massage paTlours as well as outreach to women working on the street continued through our failhfvl volunteers. resulting in 82 outreach visits. Our day time team continued lo a¢company women lo GP and solicitor visits, support women in acc8ssing the National Referral Mechanlsm. and olleriiig English dasses, 86 of which took placE in 2024. Tamar continued lo strength&n its re18tionship with the Modern Slavery Coordinatorfor Westrnlnsler ané the Borough ol Ken$inglon and che[ and partIcipat in the Multi-Agency Risk Ass&ssm8nt Conference (MARACI, sharing best Practices. Tamar 81so furthered the cause of lusliGe with respect to advocating against sexual exploitation. Tamar finished 2024 by holding a Christrnas paty for those whom Tamar serves, attended by both women and serving partners. Some of the Tamar women brought their small children. whose12ughter, delight and energy added greatloy and festivty lo the paity. Looking back over 2024 WB ar8 thankful that God has provlded us with godly servants to lead 8nd work in these hallenging ministries. And w8 pray for the protecllon, r05t, resilience and inspiration for all those who serve alongside the staff and trustees. We also pray for the ministries thems81ves, attknowledging that these are areas of high rlsk. We praythatthay will flourish and conunue lo ieaGh those who are most vulnerabl6 and that all, both guests and volunteers, will hear and receive Jesus, mercy and love. Wg are thankful for the multitu¢Je of volunteers who glve sacrrficially of Ihelr Jrne to support Ihesa ministries and often as part of busy lives wlth competing demands. It would be impossible lo run these ministries without the servant- heartad generosity of our volunteers and financial supporters. We thank God for you all and for his grace in 5UStalnlng us. We also recognise the expertlse, help and support we get from the 'back office. operations te8m$ at All Souls Church whlch underpins our work. Thank you all 80 much. We are consGIou8 there Is much that wa need God's grace, wlsdom and favour for, so please can you pr8y for Chrfst lo bè cenlral In all the work we do and for us to listening to wheire the Splrll18 leading us= prayers for courage and wisdom os a Board as wè Lonllnue to support the stratY of ASSTC lo make progress wkh tha Befrtendlng model and to Strengthen our governance slructuros lo provide clarlty, order, 8CGountability and stewardship. We also pray for genèrous fin8nci81 support as we conllnue lo make ASSTC sustalriable. And in all this. we are rernlnded that Jèsus Is our Ilvlng hope, our Lord and Saviour, and thal11 Is His kingdL)m. and that all things work together for HIS glory. FSnanclal rgvlow In 2024 ASSTC sought to provide a broad rangg of $6rvlces lo vulnerable people. Miiny of thosg supportod come from d18advantaged backgrounds and are unablg lo meet the costs of the seNiCeS provldod in the drGumstance8 when th81 might be appropriate. The work, th&r8fore, h8s been largely funded by grants and donatlon8 from ch8rltable trusts, and from ¢yJr corporate and Individual supporter8. In 2024 the CIO'S Income wos £720,83612023- £584,200) exceeding our expenditure of £537,51112023 - £423,353) by £183,32512023- £160,847). 95¥0 of our ¢o$ts were spent dlre¢tly on Charitable aclivib"e8. Thesè figures include donation in kind worth £84,847 from All Souls Church for personnel and fad1111es provislons. Net ass015 8$ at 31 De¢ember 2024 were £1,042,158 {2023- £858,833), Induding unrestricted genaral fijnd reserves of £683,591 12023- £476.2751. a. Golng concgrn After making appropriaie enquiries. the tnjslees have 8 reasonab18 9XP8Ctatlon that the CIO has adequate reserves to continue In operational existence for thg foreseeable future. For this reason. they Connu to adopt the going ¢XlnCgrn basis in preparing the financlal statements. Furthèr detalls regarding Ihe 8doption of the going concem basis can be found in the accounting policies. b. Rès&ryes pollcy Thè 8im ol the charity is lo maintain free reserves (unrestiicted goneral funds lass any tangible fixed assets) at a level whiGh equates to a minlmum of three months. direct running costs. Thls cUrrenY equates lo approximately £100.721 12023 - £68,000) lone quarter of toLg1 direct Gosts as per Nol& 81. At 31 Dember 2024, the charity's free reserves totslled £683.59112023- £476.275).
ALL SOULS SERVE THE CITY CIO TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Structure. governance and managgment a. Con5titutlon All Souls Serve The Cty CIO was established and registered with the Charity Commlsslon for England and Wales as charitable incoiporated organisalion, number 1192900, on 22 December 2U20 and is govern by ts consttiution, which is in the form of the'associ8tion' model specified by the Chaiity Commission. Tha CIO inherited the entire activities of its predecessor ch8rty, Al Souls Clubhouse. which was constiluled as a charitable trust, registered number 280694. The ASLAN and Tamar mlnlstrfes were transferred from All Souls, LaTrgham PlaGe. The transfer to the CIO of all acts"bilies, 8nd Ckjrrenl assets and liabilities from the unincorporalgd charity and the two ministries from ASLP took effect on 1 January 2021. b. Management The management of thg CIO is tha responsibility of the trustees who are eleGted and COwOPted under the terms of thg conslilution. Tr day-104Jay management of th8 CIO has been delegated to its director. Pamala Brown-Peterslde. c. Pollcles adoptod for thè Inductlon and tralnlng of tru8teOS The tNslees will make available to each new trLtslee, on or before hls or her first appointment. a copy of the CIO'S consb'tulion and any amendmonls m8da to it, and a copy of the CIO'S lals51 Iru81ees' annual report and finandal stalemenls. Regular updates from the Charity Commlsslon on thelr responslbillties aro provld8d to all tru8le88, who are encourag to ensure they also regularly update tholr understandlng of the wlder environment. d. Related party rolatlon¥hlp¥ ASSTC Is the successor to the unlncorporated chaflty. All Souls Clubhous8 and Is part of All Souls ChurGh. Al Souls Church comprfses Th? PCC of All Souls, Langham Place, Lungham Arts Trust And ASSTC. o. Rlsk management The InJst8Ès hav& assessed the mllor rlsks to wh5ch the CIO18 exposed, In p8rtlcular those related to the operations and finances of the CIO, and aro satlsfied that systems snd procedures are in place to mlllgate exposure to thos malor rlsks. Tha trustoes are undertaking work to enhance the work Dn rlsk Idenlificallon, managomènt and reportSng. Plans for futuro perfod8 The primary focus for 2025 is to contlnuè lo make headway with our slrateglc plan. We will leke a blg Step forw8rd with Strategic Prlority 1. Iwo are pionegrs In Christian Befriending) by scoplng out a proleGt for a Christlan befriendlng and angaging a consultant to advlse on end develop a Chrlsuan befrfending modèl that Ss relevant and approprl8te for our ministy gTOUP8. Addllionally. we aim lo complats the outstanding goals for 8tratggic priorftlas.. 2 Ilnlegrating operalon8}. 3 Inurturing Ihe God%iven potential of our staff gnd organlsallonl, 4 Icommunicale consist8nlly. SnlgnlJon811y and transparently) and 5 lopUmSse data collection and analysè for Impactl. Mulllpltt efforts on all of these have begun and are nearlng completion In 2024. Outstanding Issues includg.. confirming the catchmènt area of service around the Clubhouse, curmntly proposed as 3045 mSnutes walking distsnce from the building121- attending lo the professional development of the staff13)' establishing and m8int8ining a unifomi and Impacfftil dlgital presencel4),' and linking our dashboanl to outputs1S1. For str8teglc priority 6, loptimislng usa of the Clubhouse), we w511 underlake an evaluation of 115 current tjsage. We have already seen marked Increased usage of the Clubhouse in 2024 with the winter shelter operating every other week from the end of Novombgr- 8nd due to go untll the end of June 2025- and with FKJsting th6 Saturday brur)ches for ASLAN due to the refurbishm8nt of the day centre at Webber Street near Waterloo. This brlngs great encouragement as well as gratitude to God for the provislon of such a terrific multl-purpose lacilily, complete wth an industrral kitchen, clothing store, and hot showersl Minlsty-wise. by the end of 2025, wè 8nt5cipate having a Children and Families Coordlnotor In p(sst, completing the vival of our form partnership with All Souls Primary School, 'on hold since the days of th8 Covid lockdown. when schools went completely onllne in 2020.
ALL SOULS SERVE THE CITY CIO TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Mgmber¥' Ilability The CIO is established as a sole-member charlty.. th6 sole member is The PCG of All Souls. Langham Placa (ASLP)- ASLP guarantees to contribut8 an amount nol exceeding £1 lo the assets of the CIO in the event of winding up. statement of tnlgtOO8' rosponslbilitios The trustees are responsible for prèparlng the truslees, report and the financial statements in accordance th appll¢xblg18w and Unilad Kingdom Accountlng Standards (United Kingdom GoneralIyAP1@d Accounting Practice). The law applicable to chariti88 in England & Wales requiTes the trustee8 lo ptepare financial statements for each ftnanGial year whi¢h give a true and fair vlaw of the stste of affairs of the CIO and of ils incoming resources and application of resources, including its income and expendllure, for that period. In preparing these financlal slalèments, the trustees are required to.. select 8uilable a¢¢ounting policies and then apply them conslslenuy; observe the m8lhod8 and principles of the Chartties SORP IFRS 102)., make judgements and accounting estim8t8S that are reasonable and prudent-. state whether applicable UK Acccunllng Standards IFRS 1021 have been followed. subject to any m8tarial departures dlsclosed and explained in the financAal statefflents., prepare the financial slalemants on the golng concem basis unless tt Is Inappropdate to presuma that the CIO wlll contlnue In buslness. The tsuslees are r88ponsible for koeping adequate accounllng records that are sufficlenl lo show and explain the CIO'S transadons and dlsclo8e with r88son8ble Bccuracy at any 11me the flnanclal posltlon of the CIO and 8nable them to ensura that the financial 5tatem&nts comply with the Charilles Act 2011, the Charity (Accounts and Reports) Regulallons 2008 and tho provlslons of Ihe constllulion. They are also responsSble for safeguardlng the assets of the CIO and hence for laklng reasonable steps for the prevent1on and detection of fraud and olher irregularlli85. Approvgd by OTd8r of the members ol the board of trustees ané signed on thelr behall by.. Brlan Weaver Secretary Date.. 16 July 2025
ALL SOULS SERVE THE CITY CIO INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Indep8ndent examlnerfs report to the trustees of All Souls Serve The Clty CIO llhe CIO'I I report to the Eharity trustees on my examination of the financial statemenL8 of the CIO for the year ended 31 December 2024. Responslbllikna8 and bas1$ of roport As the trustees of th8 CIO you are responsible for the prèp8r8ton of the flnanclal ststements In accordance with the requlrements of the GhariUe8 Act 2011 1he 2011 Act'l. I report In r88pect of my examination of the CIO'S financial statements carrfed out under section 145 of the 2011 Act and in carrylng out my examinalion I have followed Ihè appllcable Diwtions given by Ihg Ch8flty Commission undar section 1451Sllb} of the 2011 Act. Indgpèndènt oxamlnetrs statgmgnt Slnce the CIO'8 gross income exceeded £250.000 your examiner must be a member of a body Ilsled in section 145 of the 2011 Act. I confirm that l am qualified to undertake the exarninalion because l am a member of the Inslilulg of Chartered Accountants in England and Wal88. which is one of the listed bodles. Your attenllon18 drBwn to the fact that the CIO ha8 prepar9d the financlal 81alements In 8CGordance wllh Accounllng aiid Reporting by Chariles.. Ststemenl of Recommended Pracllc? applicable lo char.&5 preparing thelr accounts In accordance wllh the Flnancial Reportlng Stsndard applicable In the UK and RepubllG of Irgland IFRS 102) In pr@ference lo thg ACCOUnn9 and Reportlng by Charllle8'. Statement of RecomiTianded Practice Issued on l Aprll 2005 wlilch Is refefred lo In the extant regulallons but ha8 been wlthdr8wn. l undeT8tand that thSs has been done In order for the flngnclal statements to provide a true and falr vlew In accordance with Iha Generally Accepted Accounting Practlc6 effecllve for reportlng periods beglnnlng on or after 1 January 2015. I hBve completed my examlnalion. I c£Jnffirm that no matters have cme to my attgnuon In connection wllh the examinatlon glvlng MB caus8 to believe thai In any m819ri91 raspect: accounting records wèrè not kept In respect of the CIO as required by sectlon 130 of the 2011 Act,. or the fln8ncAal slalemonts do not accord with those reo)rds; or the financlal ststemenls do not comply wilh the applicable requlrements concerning the form and content of financial st8tements set out in the Charities (Accounts and Reports) Regulalions 2008 other than any requirement that the flnanclal statements give a 'lwo and fair. view whlch Ss not a matter considgred 8S part of an independent examlnallon. I haye no wncems and have Come across no other matters In connectlon with tho examination to which attentlon should be diawn In thls report in order to enabl8 a proper understsndlng of tha financial statements to be reached. This report is mad8 solely to the CIO'S Iru91eas, as a body. In accordance with Part 4 of tha Charities (Accounts and Reports) Regui8tions 2008. My WOTk has been undertaken so th8t I might state to the CIO'S trustees Ih¢)se matters l am required to stats to th8m in an indèpendent examinevs report and lor no other purpose. To the fullest extent pemiltted by law, I do not acctspl or assume responslblllty to anyone othor than the CIO and the CIO'S trustees as a tN)dy. for my work or for thSs rèporL Dated: 5Ék J8m&s Huang Alongside Accounting ICAEW CharteTed Accountanl Contit)gent Works 3 Broadway Buildings Elmfield Road Bromley BR1 1LW
ALL SOULS SERVE THE CITY CIO STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestrictgd funds 2024 Restrlcted funds 2024 Total funds 2024 Total fttnds 2023 Note In¢ome frorn: Donations and legacl&s 464.410 264,447 718,857 582,986 Investments 1,979 1,979 1,214 Total Incomg 466,389 254.447 720,836 584,200 Expendlturg on: Raislng fvnds 18,226 3,043 21,268 23,487 Chartlabl8 activltl88 216,384 299.859 516,243 399,866 Total expondlturg 234.609 302,902 537,611 423,353 Transfor of fund8 (24,4641 24,464 Not movemont In fund8 207,316 123,9911 183.325 160,847 Reconclllatlon of funds: Total funds brought forward Net movernent in funds 476,276 382,658 888,833 697,986 207,316 (23.991) 183,325 160,847 Total funds carried forward 683,591 358.567 1,042,158 858.833 The stat&ment of financial adivtties includes all gains and losses recognised in the year. The notes on pages 12 to 24 form part of these ffinancial statements.
ALL SOULS SERVE THE crry cio BALANCE SHEEr AS AT 31 DECEMBER 2024 2024 2023 Noto Current assets Debtors 12 23,801 22.830 Cash at bank and in hand 1,255,058 1,027.957 1.278,859 1,050,787 Creditors- amounts falling due wlthln one year 1191,954} 13 1236,701) Net currgnt asgots 1.042.158 858,833 Total ngt as$8ts 1,042.158 858,833 Charity funds Restrlcted ftjnds 15 358,667 382.558 Unr851rlGted funds 15 683,591 476,275 Total funds 1,042.158 858.833 The financial ststements ware approved and authorlsed for Issue by the trustees and signed on thelr behalf by.. Brl2n Weaver Secretary Date.. 16 July 2025 The notes on pages 12 to 24 fomi part of these financial ststements. 10
ALL SOULS SERVE THE CITY CIO STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 Note 2024 2023 Cash flows from operating activities Net &qsh provid8d by operating actlvitles 18 225,122 155,441 Dividends. interest and rents 1,979 1.214 Not rAsh provlded by Invastlng actlvlugs 1,979 1,214 Changè In cash and cash oqulvalents In the year C88h and cash eqUlents at thg bgglnnlng of the year 227,101 156.655 1.027,9 871.302 Cash and ¢a8h oqulvalents at the end of lilo yoar 19 1,255,058 1,027,957 The note¥ on pages 12 to 24 fom part ofthe8e finan¢lal statsments
ALL SOULS SERVE THE CITY CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Gèneral Information I Souls Serve The City CIO is a charitable incorporated organi8ation located at 141 Cleveland Street. London, W1T 6QG. A description of the nature of the CIO'S operations and its principal actwities can be found in the repoTt of the trustees. The presentatlon currency in these financial statements is sterfing and figu are rounded to the n68r8sI pound. 2. A¢countlng pollcies 2.1 8a$18 of preparation of flnanclal stataments The financi818tatements hav8 been prepared in accordance with the Charities SORP {FRS 102} AGGounting and R&porting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financlal Reportlng Standard appliGable in the UK and Republic of Ireland IFRS 102) l&ffectlV8 1 January 20191, the Financial Repoiting Standard applicable In the UK and Republic of Ireland IFRS 10218nd Ihe Charllles Act 2011. Assets and liabllltles ale Iniually recoynisod at hlstorlcal cost or Iransactlon value unless otherwise staled In the re18vant accounting pullcy. The financial statements have bean pr8par8d to give a 'true and fal¢ vlew and have departed from the Charltles IAGGounts and Reports) Regulations 2008 only to the extent required to provlde a 'true and fair, view. This departure has Involved followlng the Charlll8s SORP IFRS 1021 publlshed In October 2019 ralher than the Accounting and Reportlng by Charities.. Statement of Recommended Pr8Ctlce effective from 1 Aprll 2005 which has since been wlthdrawn. Al Souls Serve The City CIO meets tho definition of a publlc benefll entlly under FRS 102. 2.2 Golng ¢on¢6rn Th8 flnancial statements have been preparad on th8 going c¢n¢ern basis. The trust8es are mindful of Ihe noed to prepare reallsllc budgets and then olvsely monitor actual flnancial perform2nce of the planned activitigs. The trustees have taken ir)lo aoGount all iriformation that could reasonably be expgclod to be available and consider that there are no malerl81 uncertainties related to events or conditions that may cast significanl doubt upon the CIO'S ability 0 contlnue as a going concem. 13 Incomè Al Income is recognised 0ce Ihe CIO has entiUement to the income, it15 probabl8 that the income wlll be received and the amount of Income receivable can be measured reliably. For legacies, entitlement is iaken as the earlier of the dale on which either. the charity is aware that probate has been granted. the estate has been finalised and nolrficalion has been made by the exeGulorls) to the Trust that a dlstribution will be made, or when a dilribution is received from tho esta19. R8ceipt of a legacy. in wholo or in part, is only considered probable when the amount can be measured reliably and the charity has been nollfied of the executor's intention to make a dlstrlbution. Where legacies have been notified to the charity, or Ihe Charity is aware of the granllng of probate, and the criteria for income recognitlon have not been met. then 1he1g98cy is treated as a contingenl asset 2nd di5c105ed if material. Grants are included in the statement of financial activities on a recelvable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevaiitfunds on the balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and inGluded in creditors as deferred inGome. Whero entitlement occurs before income is received. the income is accrued. 12
ALL SOULS SERVE THE CITY CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2. Accountlng policies Icontlnuod) 2.3 Income (continued) Donated services or facilities are recognised when the CIO has control over the Item. any conditions associated with the donalad itsm have b8en met. the receipt of economic benefft from the use of the CIO of the item is probable and that economic benefit can b8 measured rellably. On receipt, donated professlonal sarvices and faclllties are recogni8ed on the basis of the value of th& grft to the CIO which Is the amount it would have been willing to pay to obtain services or facilities of equlvalent economic benefit on Ihe open maik8t.' a corresponding amount is then recognised in expenditure in the period of reGeipl. Income tax recoverable In relation to donats'ons received under Glft Aid or deeds of covenant is recognised at the lime of the donation. 2.4 Interest ro¢glvabl Interest on funds held on deposlt Is In¢luded when receivable and the amount can b8 measured reliably by the CIO.. this is normally upon notifiGalion of the interest paid or payable by the institution wlth whom the fvnds are deposlt8d. 2.5 Expondlture Expendltura is recogn18ed once there is a legal or construcllv8 obligatlon lo transf8r enomiC bgnellt to g third party, it Is probable that a transfer of economic beneflts wlll bg r8quired in settlément and the amount of the obligation ¢an be m88sured reliably. Expendlture Is cla85ified by actlvity. The oosls of each aGtivity are made up of the total of direct costs 8nd shared costs, including support costs Involved in undertaking each activlty. Dlrecl costs allribulable to a single acllvlty are allocated directly to that oclivlty- Shared costs whlch contrlbute to more than one activity and support costs whlch are not attributable lo a singlè sclivily are apportloned between Ihosa activilies on a basls consistent wllh the u89 of resources. Cenlral staff costs ar8 allocated on the basls of Ilm8 spent, and depreciation charges allocated on the portion of the asset's use. Expendlture on ralsing fvnds Includes all expendire inGurred by the CIO to raisa funds for its harilable purposes and includes costs of all fundraising aclivilie8 events and non-charitable trading. Expendlture on charitable ac11vleS is incurred on dirgclly undertaklng the acllvlties which further Ihe CIO'S objectives. a8 well as any as80ciated support costs and costs relatTng lo the govemance of the CIO apporuonad to charitabl8 8ctiviti8s. Support costs are thoso costs incued directly in support of expenditure on th8 objects of the CIO. Governance costs are those Incurred in connection Mth the admlnlstration of the CIO and complian¢¢ with constitutlonal and statutory re4uirement8. 2.6 Irrecovèrablo VAT As a registered Gharity All Souls SeN8 The Clty CIO Is generally not liable lo tax on Its Sufplus or eapltal gains. It is 0t, howev8r, exempl fiom value added tax. Irrecoverable value added tax is Included in the cost of thos8 Items to which it relates. 2.7 Dobtors Trade and other debtors are recognised al Ihe settlement amount after any trade discount offered. Prepayments are valued at th8 amount prepaid net of any trade discounts due.
ALL SOULS SERVE THE CITY CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2. ACCOUnng pollcles (continued) 2.8 Cash at bank and In hand Cash at bank and in hand include5 cash and short-lerm highly liquid Investments with a short maturity of three months or less from the date of acqui511ion or opening of the deposit or slmllar account. 2.9 Llabllltlo$ and provlslons Llabilllles are recognised when there is an obligation at the balance 8heel date as a result of 8 past event. it is probable that a transfer of economic bengfi'l will be required in set118m8nL and the amount of the selllement can be &stim8ted reliably. Liabiliti&s are recognlsed at the amounl that the CIO anticipates Il will pay to settle the debt or th¢ amount it h8s recelved as advanced payments for the goods or seNices it rnust prowde. Provisions are maasured al the best 6stlmate of the amounts requlred to settle the obllgallon. Where the effect of the tim8 value of money Is materlal, the provislon Is based on the present value of those amounts, discounted al the pre-tax discount ra18 that Teflecls the rlsks speckfiG to the liability. The unwinding of the discount Is recognised in the statement of financlal acllvltles as a finanGe Gosl. 2.10 Flnanclèl In8trum•nt8 Thè CIO or)ly has financial assets and finanGlal liabilitles of a kind that quallfy ab baslc financlal Instruments. Basic financlal Instruments are initially recognised al transaclon value ond subsequently measured at Ihelr settIemenl value. 2.11 Pgn$lon$ The CIO operates a defined conlrfbullon penslon scheme and the penslon ch8rge represents the amounts payable by the CIO to the fund in rospect of the y89r. 2.12 Fund accountlng General funds gre unrestricted funds whlch are available for use at the discretion of the trustees In fiJrth8rance of th8 g&n6r81 objectives of the CIO and which have not been deslgnaled for other purposes. R8slricted funds are funds which are lo be used in accordance wtth specific restrictions imposed by donors or which have bggn raised by the CIO for particular purposes. The costs of rai8ing administering such funds ar8 charged agalnst the specific fund. The aim and use of each Testrictad fund is set out in the notes to the finar¢cial statements. Investment Income, gains and losse5 are allocated lo the appropriate fund. 3. Critical a¢¢ountlng ostlmates and areas of judgement Estimates and ludgements are continually evaluated and are based on histodcal experience and other factors, Includlng expectations of fvture 8vents that are believed to be reasonable under the ctrcumstances. The CIO Makes estimates and assumptions conGerning Ihe future. The resulting accounting estitnates and assumptions will. by definition, seldom equal the related actual results. 14
ALL SOULS SERVE THE CITY CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 4. Income from donatlons and lggaclas Unrestricted funds 2024 Restricted funds 2024 Totsl funds 2024 Total hinds 2023 Donauons 360,410 233,318 693,728 461,148 Legacies Gran15 104,000 21,129 126,129 121,838 Totsl 2024 464,410 254.447 718.857 582,986 Total 2023 336,177 246,809 582.986 In the year endad 31 December 2024 unrestrtctBd donation5 includes donated services, valued at £84.847 (2023 - £70,642), In respect of time devot8d by employees of All Souls, Langham Place. In¢omo from Inveslments Unrestrfcted funds 2024 Rostrlcted tunds 2024 Totsl funds 2024 Total funds 2023 Bank interest 1,979 1,979 1,214 Total 2023 1,214 1.214 15
ALL SOULS SERVE THE CITY CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Expendltura on ralslng funds Costs of ralslng voluntary income Unrestrlcted funds 2024 Rgstrictod fund$ 2024 Totsl funds 2024 Total funds 2024 Fundraisels costs 10,317 10,317 13,015 London Marathon expenses 2,200 2,200 2,271 Donation proc8ssing fees 3,860 1,423 5,283 4,845 Cost of fundTalslng events 1,848 1,620 3,468 3.356 Total 2024 18,225 3.043 21,268 24,487 Total 2023 20,405 3,082 23.487 Analysls of BXPOndlture on ¢harltabl6 actlvltlos by fund Unrestrlcted funds 2024 Ro8trlctod fund8 2024 Total fvnds 2024 Total funds 2023 Tolal expendlture on ¢harltable actlvltl88 216.384 299,859 516,243 399,866 Total 2023 142,063 257,803 399,866 8. Analys16 of expèndtturo on charltable 8Ctlvltles by typo Support costs 2024 Total funds 2024 Total funds 2023 Dlre¢t ¢osts 2024 Total expendlture on charitable aGtivtrt"es 342,805 173.434 516,239 399.866 Total 2023 272.001 127,865 399.886
ALL SOULS SERVE THE CITY CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 8. Analysls of expandlture on charltable actlvltles (contlnued) Analysis of direct costs Total funds 2024 Total nds 2023 Staff costs 307,752 222,802 ASLAN 20,841 40,257 Tamar 10,068 6.934 Senior Care 3,960 1,769 School Work 194 239 342,805 272,001 Analy816 of support costs Totsl funds 2024 Total funds 2023 Managem8nt charges 69,677 45,123 other personnel Gosts General runnlng $t9 Legal and profgsslonal fees Govemance costs- slrateglc plannlng costs Governan costs- Independent examlners, remuneration (see below) 12,960 8.392 81,648 30.432 37,483 5.625 1,875 2,600 4.560 173,434 127,865 9. Indopendent examlner's remungrauon The independenl examiners, remuneratloti amounts to an independent exarTJination fee of £2.50012023- £2,280) and financi81 statement preparation serwGes £nil12023- £2,280). 17
ALL SOULS SERVE THE CITY CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 10. Staff costs 2024 2023 Wagès and salaries Social security costs Contribution to defined Gontribution pension Schemes 268,221 24.011 17,520 192,343 16.977 13,482 307,752 222,802 The average number of persons employed by the CIO during the year was as follows.. 2024 2023 No. Tamar ASLAN S&nlor Care Management and admlnistratlon No 9mployee recelved remuneration amounting to more than £60,000 In elth&r year. Total remuneratlon and b8nefrts payable to key management personnel was £47,73812023 - £39,7281- Management support $8rvlces were provlded by staff at Al Souls. Langham Place. Ahhough no payment was made for these service8 It Is estlmdted that £21,388 out of a total donation in kind of £84,84712023- £23,547 out of a total donaOn in kind of £70,642) induded within expenditure could reasoriably be attributed to key management Gosls. 11. Trustoèl. rèmunoratlon and expgnso$ Durfng tha year, no truslees rè¢8iv8d any remuneration or other benefils12023 - the same). During the year. no trustees reiVed any reimbursement of expenses (2023- the same). 12. Dobtors 2024 2023 Due within one year Other debtors 15,998 2.200 5,603 12,787 3.859 6,184 Prepayments and accrued income Tax recoverable 23,801 22,830 18
ALL SQULS SERVE THE Cy CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 13. Creditors: amounts falling duo within ono yoar 2024 2023 Olher Gredilors 21S,421 183,644 Accruals and deferred income 21.280 8,310 236,701 191,954 14. Fin•n¢i81 in8trum•nts 2024 2023 Flnan¢lal assets Fin8naal assets measured al fAlr value through irbcome and expendlture 1,255,058 1,027,957 Flnandal assels measured 8t fair value through InGorne and expendlture comprise cash at bank and In hand. 19
ALL SOULS SERVE THE CITY CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 16. Statoment of funds Statement of funds - current yoar Balanco at 1 January 2024 Balancg at 31 December 2024 Incom8 Expendlture Transfer of Funds Unrestrlctod funds G8n8ral Fund 476,275 466,389 1234,6091 124,464) 683,591 R8strlct8d Fund8 Senlor Care (6,262) 12,009 (41,679) 36,932 Youth 2,279 2,279 ASLAN 292,654 81,038 {111,7481 14,9861 256,958 Tamar 76,345 171,400 {149,2811 16,4821 91,982 Schools Vvork 17,542 {10,000} 1194) 7,348 382,868 254.447 1302,9021 24,464 368,567 Total of funds 858,833 720,836 1537,5111 1.042.158 Alm and uso of rostrbctod fund$ The majority of restriGted funds represent grants and donations received for speclfic projects or purposes. Where these have not been expended durtng the period they are cathed fomard to future periods. Senlor Caro Is a restricted fijnd for any Income and expenses chargeable lo the woik wlth senlors. including the provision of lunches. Expenses in this fund are direct salary costs, equipmanl for use by the project and the CIO'S attrlbutable contribution tcs common iunning costs. e.g. Lrtilily bills gtc. Youth 15 8 reslricled fund for any income and expenses chargeable lo work with youth and young people. No charge5 have been made to this project Ihls year, we will apply these funds to our Schools Work when it restarts. The ASLAN fund supports the CIO'S work wlth homeless people. The Tamar fund suppo¥ts the CIO'S work in Vvestminster to reach and support workers in the sex industry, wllh a focus on trafficked women. Schools Work is a restdcted fund for income and expenses chargeable to the work with All Souls C of E Primary School. The schools worker, once appointed, will build on existing activlties for a range of after-school, in-school and holiday programmes including assemblies, bible Study, sport, music. and craft. 20
ALL SOULS SERVE THE CITY CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 15. Statomont of funds Icontlnuad) statement of funds - prior pèriod Balance at 31 Dec8mber 2023 Balance at 1 January 2023 Income Expenditure Unre8lrl¢tod fund$ General fund 301,352 337,391 1162,468) 476.275 R6$trlctèd funds Sgnior Care 2,413 31,287 139,9621 16,262) 2,279 Youth 2.279 ASLAN 283,097 95,385 (85,8281 (134.8561 1239} 292.654 T8mar 91,067 120,134 76,345 S¢hools Work 17,778 17,542 396.634 246,809 1260,885) 882,558 Total of fvnds 697,986 584,200 1423,353) 858,833 16. Summary olfunds Summary of funds - curr9nt ygar Balance at 1 January 2024 Balance at 31 Dgcember 2024 Incomo Expèndlturo Transfar of Funds G8n8ral funds 476,275 466,389 1234,609) {24.4641 683,591 Reslrirted funds 382,558 254.447 (302,9021 24.464 358.567 858,833 720,836 {537,511) 1,042,158 21
ALL SOUL5 SERVE THE CITY CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 16. Summary C*f funds l¢ontlnued} Summary offunds - prtor pgriod Balance at 1 January 2023 Balance at 31 December Income Expendiknr8 2023 General fijnds 301,352 337,391 1162.468) 476,275 Re5trlcled funds 396,634 246.809 1260,885) 382.558 697,986 584,200 {423.353y 853,833 17. Analysls of n6t a880ts botwoon fund6 Analy818 of net a889ts betwoon funds - Gurrent year Unr69trl¢t•d funds 2024 Restrlctèd funds 2024 Total funds 2024 Currents assets 805,168 473,691 1.278.859 Credltors due withln one year 1121,5771 1115,124) 1236,7011 Total 683,591 358,567 1,042,158 Analysls of net assots between funds - prlor perlod Unreslrlcted funds 2023 Restrlcted funds 2023 Total funds 2023 Currents assets 664.479 386.308 1,050,787 CTrdllors due within one year 1188,2041 13,7501 1191,9541 Totsl 476,275 382,558 858,833 22
ALL SOULS SERVE THE CITY CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 18. Raconclllatlon of net rnovement in funds to not cash flow from operating activiti8S 2024 2023 Net income for the year (as per Stalement of Flnaneial Acb'vities} 183.325 160,847 Adluslments for.. DIvKlends, interests and rents from investments {1,9791 11,214) (Increaseydecrease in debtors 1971) 19.952 Incre8selld8crease) In Grefjitors 44,747 124,1441 Net cash provldod by operaUng a¢tlvltlas 225.122 155,441 19. An8lysl$ of ¢ash and cash equlvalents 2024 2023 Cash In hand 1,255,058 1.027,957 Total Gash and ¢a6h &qulvalents 1,255,058 1.027,957 20. Analysls of change8 In net dobt At1 January 2024 At31 Decgmbgr 2024 Cash tlows Cash Al bank and In hand 1,027,957 227,101 1.255,058 21. Penslon costs ASSTC CIO operate5 a definod contributlon pension scheme. The assets of the scheme are held separ8t8ly from those of the Gharity in an independently-adminislered ftjnd. The pension cost charge represents contribullons payable by the charity to the fund and amounted to £17,520 (2023- £13,482).
ALL SOULS SERVE THE CITY CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 22. Mgmb•rfs Itablllty The CIO'S sole member. Al Souls, Langham Plao la body corporate) undertakes to Gontsibute to th6 assets ofthe CIO in the evenl of It belng wound up while it is a member, or within one year after It ceases to be a mèmber. such amount as may be required, not exceeding £1. for the payment of debts and liabilities contracted before it ceases to ba 8 member. 23. Related party transactlong Total donatlons, across all funds. reGeived from truste8s durrng the period amounled to £9.91612023 - £3.514). At 31 Dacembèr 2024. £215,421121Y23 - £183,463) was due to All Souls, Langham Plac8 {ASLP). Thls is a related party as ASLP has th8 power to appolnt or remove a slgnlftGant number of the trustsa8 of the CIO. Durlng tha year, transactlons with ASLP were as follows.. A grant of £72.00012023- £88,664) was reGeived from ASLP'S general fvnd ManagemeTrt charges of £59.577 (2023 - £45,123) wer& made by ASLP Totsl SUPFt*rt costs provlded by ASLP were £144.424 (2023 - £115,765), resultlng In a donatlon In klnd of £84.847 (2023- £70.642) ASLP provided admlnlstratlve and teohnlc41 support to th8 CIO dur5ng 2024 and Is expe¢ted to do so for the foreseeable fvturb. 24. Post balanco 8hoOt •vant Th8re are no p05t balance Sheet events to repo 24