# **ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024** 

# **BRADFORD ON AVON COMMUNITY CHURCH** 

# **(A CHARITABLE INCORPORATED ORGANISATION) REGISTRATION NUMBER :1199394** 

Independent Examiners Ltd 

2 Broadbridge Business Centre Delling Lane Bosham West Sussex PO18 8NF 

1 



## **BRADFORD ON AVON COMMUNITY CHURCH** 


**----- Start of picture text -----**<br>
CONTENTS<br>Page 3 Legal and Administrative Information<br>Pages 4 -5 Trustees' Report<br>Page 6 Independent Examiner's Report to the Trustees<br>Page 7 Statement of Financial Activities<br>Page 8 Balance Sheet<br>Pages 9 to 13 Notes to the Financial Statements<br>**----- End of picture text -----**<br>


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## **BRADFORD ON AVON COMMUNITY CHURCH** 

## **LEGAL AND ADMINISTRATIVE INFORMATION** 

**CHARITY NUMBER** 1199394 **CIO REGISTRATION** 21 June 2022 **START OF FINANCIAL YEAR** 1st January 2024 **END OF FINANCIAL YEAR** 31st December 2024 **TRUSTEES AT 31ST DECEMBER 2024** William Ayers Stephen Perkins Andrew Hoyle 

## **LEGAL STATUS** 

## Charitable Incorporated Charity (CIO) 

## **OBJECTIVES** 

To advance the Christian faith for the public benefit in accordance with the statements of belief appearing in the schedule. 

**CORRESPONDENCE ADDRESS** The Centre 16 St Margaret's Street Bradford on Avon Wiltshire BA15 1DA **PRIMARY BANKERS** CAF Bank Ltd 25 KINGS HILL AVENUE KINGS HILL West Malling ME19 4JQ **WEBSITE** https://www.boa-communitychurch.org.uk/ **EMAIL** thecentre@boa-communitychurch.org.uk **CONTACT** 01225 868361 **INDEPENDENT EXAMINER** Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham West Sussex PO18 8NF 

## **PRIMARY BANKERS** 

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## Trustees review of 2024 

The Elders and Trustees have continued to pursue the objectives of the Bradford on Avon Community Church, by working towards the fulfilment of the church vision that is focused on building up the community of believers, sharing the gospel and being part of the local community. 

During the year the trustees made the transition of all assets from the Bradford on Avon Christian Fellowship Trust to the new Charitable Incorporated Organisation (CIO) called the Bradford on Avon Community Church. 

There were no changes to the trustees, staff or the Church elders during the year. 

## Advance the Christian Faith The worship of God 

The church advanced the Christian Faith and worship of God primarily through Sunday morning meetings. All church-member celebration meetings are are held throughout the town in various locations. flood damage.   The church has continued to meet in alternative venues. 

The church office and community facility, known as the Centre, was fully open throughout the year allowing us to offer a full programme of events, meetings and gatherings. The Centre started to host the following regular gatherings: Bible studies, Ladies - meeting, Prayer meetings, Wellness days/evenings, , Regional Youth for Christ (YFC) meetings and Bradford-on-Avon Churches together meetings. 

In June, the church joined a Bradford on Avon community day called BOA Join-in held in Westbury Gardens, Bradford on Avon. This day was aimed at building community relationships showcasing local organisations and the work they do. We also raised money for local charities in our community. 

Throughout the year we engaged in a number of activities where we were able to share the vision and mission of the church and show our practical support for the community: The Health & Wellbeing Committee, Business Women in Wiltshire and The Community Fridge Project. 

Advance the Christian Faith - Support and help for those who are in need, hardship, distress or who are aged or sick. 

The church supported and helped both members and non-members in need in various ways: 

- Members are supported through pastoral care, provided by the elders, the pastoral team and other church members as we sought to fulfil the command to love one another as Jesus loved us. 

- The Centre was available throughout the week offering community gatherings such as -brunch, the ladies meeting and wellness days/evenings for those needing friendship, support, fellowship or just someone to talk to. 

- The church collected food and resources for the Bradford on Avon Food Bank run by the Hub@BA15. 

- A relief fund was available for people who had been financially impacted by the cost-of-living crisis. Members of the church contributed to the fund and it was used to help those in need. 

A tithe of the income received from members was set aside to be used to advance the gospel and minister to the poor both in the United Kingdom and around the world. Some of these funds were used to support members who are working with organisations or on projects to further these aims. 

## Advance the Christian Faith - Education on the basis of Christian principles 

The church advanced the Christian Faith through education on the basis of Christian principles through Sunday morning meetings and a mid-week Bible study.  Adult teaching was provided from the Bible by the Elders and others who are gifted in teaching, including visiting teachers from other churches. 

h to the appropriate age groups. The church has connected with a national organisation called Youth for Christ to engage with and support the work they are doing in schools in our local town and area. 

## Future strategy 

The Elders and trustees continued to work towards the vision and mission set-out below: 

The Elders and Trustees continued to build the profile of the church in Bradford on Avon so that people are aware of who we are and what we can offer the local community. 

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The Elders and tru5tee5 worked to develop new rnlnistry leader5 to help with the running of variou5 actiiryties and church 8roups.
The %fysion and strategy are outllned below..
V151on
We want to see the transfomiation of Bradford on Avon and the surr(MJnding area bythe power of the Holy spirit who is actwe to
save, hEal and ¢Jellver. A wttimunt1y gf believers readyt05hare God's lts¥e so th¥t all people mèy have the opportunffy to know
MLsslcffjStat¢mènt
In rhe comrnunity. forthe ¢ommunity
urth ￿lues.
Lv4e.lorevery Individuol.
Lorfe isthe driving fortr of everything we do. LoveforGod, love for orE iT￿ther, love forikE wor￿.
Ser¥ke-thJtshows Gods love.
This love has to be demonstrèted.. I￿e ha5 to lod( like something. This is about getting ywr hands dirty, taking some aaion and
showin6 God's lovethrough actions and not just word&
Fath- biblicolfvundotlons impactiFJg duilylife.
What this love and Service p)ints to is 3 faith thot is impacting our daily life. This isn'tjust about coming to church on a Sunday. It
15 about evÈryday life, actually making an impaa in the people's lives. includln8 our cmn.
CummltsMn¢- 10 IIE LordonLI hys church.
The finèl vBlue is commitment. Faith isn't simple, we'retolc in the BiNe to per5evere,' we w￿ldn't be tdd this if life was 80in8 to
b2 e4J¥. We reallyvèlue per￿Onal ¢ornmitment to the Lrydypeople thatwill follow gnd tru4t Jesus in all things.
The vision and strategy are outward lookinR. as a constant ieminder to us of why the Church Is here, We have a message Df hope
or all people that Gad is pobvcrful tochJng¢ live￿ and our pryrn3ry role 3É a Jnd 3g Christ13ns. i< tn mxkp. disciples To
be ovt in the community, to be involved in people's Ilve5, tts be invdved in ihis comrnunlty in orderto show and demonstrate
God's I￿e to everyone.
TrustoK Responslb11th5
The Ch3rities Act 2011 ￿QUIreS the trustees to prÈpère fin2ncial statemerits for each financ131 yearwhich gives a true and fair
view of state of affairs of the trust and of the surplv5 ofthÈ trustforthat period. In prepari￿ those financial 5t8tement5 the
truste￿ are required to..
Select 5Ultable 3ccountlnÉ policies and appwthen con51Stentlv
Make judgement5 and estimates that #￿ ￿3$Onable and prudent
Prepare linath¢ial staternents on the going concern basis unless il is Inapprc>pria'.e to presume that the trust will
¢tsntlnue in e￿stenCe.
The trustee5 are re5ponsiblefor keepi￿ proper accounting records, which disclose with re*onable accur3tY 8t any lime the
finanti¥l Pogition of the trLitt Th@v xrp xlEri rp.%pJnsiblÈ forsafe¥uardingthe è55ets of theirust and hence for taking reasonable
steps for the prevention and detettion of fr)ud and other irre8ul?ritie5.
Approved bythe Trustees on...,............
5i8ned Dn their behalf by Trustee.
Printed Name..

Report to the Trustees of Bradford on Avon Community Church on the accounts for the year ended set out on pages 7 to 13. 

## **Respective responsibilities of Trustees and examiner** 

The charity's trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. 

It is my responsibility to: 

- examine the accounts under section 145 of the Charities Act, 

- to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and 

- to state whether particular matters have come to my attention 

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the 

## **Independent examiner's statement** 

In connection with my examination, no matter has come to my attention 

1.    which gives me reasonable cause to believe that in, any material respect, the requirements: 

- to keep accounting records in accordance with section 130 of the Charities Act; and 

- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act 

have not been met; or 

2.   to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. 

K Gomes  FCIE MAAT 

Independent Examiners Ltd Unit 2 The Broadfields Business Centre Delling Lane Bosham PO18 8NF 


Signed: 

> Date: 29.9.2025 

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## **BRADFORD ON AVON COMMUNITY CHURCH** 

## **STATEMENT OF FINANCIAL ACTIVITIES** 

## **FOR THE YEAR ENDED 31ST DECEMBER 2024** 

|**Notes**<br>**INCOMING RESOURCES**<br>**Incoming Resources from Generated Funds**<br>Donations & Legacies<br>**3a**<br>Activities for Generating Funds<br>**3b**<br>Investment Income<br>**3c**<br>**TOTAL INCOMING RESOURCES**<br>**RESOURCES EXPENDED**<br>**Costs of Generating Funds**<br>Charitable Activities<br>**4a**<br>Fundraising Trading Costs<br>**4b**<br>**TOTAL RESOURCES EXPENDED**<br>**NET INCOMING (OUTGOING) RESOURCES**<br>**Total Funds Brought Forward**<br>Transfer from Unincorporated Church<br>**TOTAL FUNDS CARRIED FORWARD**|Unrestricted<br>Restricted<br>**TOTAL**<br>**TOTAL**<br>Funds<br>Funds<br>**2024**<br>**2023**<br>£<br>£<br>£<br>£<br>51,360<br>-<br>51,360<br>-<br>6,375<br>-<br>6,375<br>-<br>440<br>-<br>440<br>-<br>**58,175**<br>**-**<br>**58,175**<br>**-**<br>65,891<br>-<br>65,891<br>-<br>252<br>-<br>252<br>-<br>**66,143**<br>**-**<br>**66,143**<br>**-**<br>**(7,968)**<br>**-**<br>**(7,968)**<br>**-**<br>-<br>135,795<br>-<br>135,795<br>**127,827**<br>**-**<br>**127,827**<br>**-**|
|---|---|



Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing. 

The notes on pages 9 to 13 form part of these financial statements. 

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BRADFORD 014 AVON COMMUNrn CHURCH
BALANCE SHEET
AS AT 31ST DECEP4BER 1024
Unrestricted Restrttted
Funds
Funds
Tolal
Tot41
31.ty*￿24 31-Dec-23
Mot•
FIX￿ A•••t•
Tzngible Assets
67.223
67,223
Current Asset
Debtors & prepdyrnents
Cash at Bank In Hand
7,370
7.370
Total Currert Assets
Crodltors: arnounts folllng du2
wiihln one veèr
510
510
NET CURRÈNT Assrrs
60,604
60,61N
YQTAL A$seTS les5 current Ilablll¥es
127.827
127,827
trodlt<*r•'. arnounts Fallino due In
more than vne year
io
WET ISSETS
117,827
127,827
Fund$ ol th• Charlty
Gener4 Fund5
Designared Funds
PEstrlcted Funds
127,526
301
127,526
301
Totsl FurKIs
127,827
127 827
Apwovod by th* TrUSteeB on '.
signed ￿ thelr beha￿ by Trustee ',
Prlnted Name.. Mr Sterthen per#lns
ktFAJ f*

## **BRADFORD ON AVON COMMUNITY CHURCH** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024** 

## **1. ACCOUNTING POLICIES** 

## **Basis of Preparation & Assessment of Going Concern** 

## **Basis of Preparation** 

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) - (Charities SORP - FRS102) and the Charities Act 2011. 

The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes. 

## **Assessment of Going Concern** 

Preparation of the accounts is on a going concern basis. The trustees consider that there are no material 

## **Incoming Resources** 

## _**Recognition of Incoming Resources**_ 

These are included in the Statement of Financial Activities (SOFA) when: 

Incoming resources are received largely by way of tithes, donations, offerings and contribution towards events and young peoples work. 

## _**Incoming Resources with Related Expenditure**_ 

Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA. 

## _**Grants and Donations**_ 

Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources. 

## _**Tax Reclaims on Donations and Gifts**_ 

Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate. 

## _**Contractual Income and Performance Related Grants**_ 

This is only included in the SOFA once the related goods or services has been delivered. 

## _**Gifts in Kind**_ 

Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable. 

## _**Donated Services and Facilities**_ 

These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received. 

## _**Volunteer Help**_ 

The value of any voluntary help received is not included in the accounts. 

## _**Investment Income**_ 

This is included in the accounts when receivable. 

## _**Investment Gains and Losses**_ 

This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. 

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## **BRADFORD ON AVON COMMUNITY CHURCH** 

## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024** 

## **1. ACCOUNTING POLICIES (continued)** 

## **Expenditure and Liabilities** 

## _**Liability Recognition**_ 

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. 

## _**Governance Costs**_ 

Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advise to trustees on governance or constitutional matters. 

## _**Grants with Performance Conditions**_ 

Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output. 

## _**Grants Payable without Performance Conditions**_ 

These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity. 

## _**Support Costs**_ 

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of the resources, e.g. allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. 

## _**Investments**_ 

Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value. 

## _**Pensions**_ 

Pension contributions are charged to the Statement of Financial Activities as they become payable. 

## _**Unrestricted funds**_ 

These funds can be used for the general objectives of the charity as set out in the trustees report. The movements of the unrestricted funds are given in the Statement of Financial Activities. 

## _**Restricted funds**_ 

These funds are where the donor has specified a purpose for the donation made. These restrictions often arise as a result of the regular appeals for special offerings made at the Sunday fellowship meetings. 

## _**Designated funds**_ 

These funds are funds set aside by the trustees out of unrestricted general funds for specific purposes or projects. 

## _**Fixed Assets**_ 

These are capitalised if they can be used for more than one year, and cost at least £1,000. They are valued at cost or, if gifted, at the value to the charity on receipt. The rates applied are as follows: 

Equipment and Furniture 

Freehold Property (Amortisation over 50 years) 

20% - Reducing Balance Basis 2% - Straight Line Basis 

|**2. TANGIBLE FIXED ASSETS**<br>Transfer of Assets from Unincorporated<br>Cost<br>01-Jan-24<br>Additions<br>Cost at<br>31-Dec-24<br>Depreciation<br>01-Jan-24<br>Charge<br>Depreciation at<br>31-Dec-24<br>Net Book Value<br>31-Dec-24<br>Net Book Value<br>31-Dec-23|Freehold<br>Equipment &<br>**Total**<br>Property<br>Furniture<br>**2024**<br>£<br>£<br>£|
|---|---|
||135,492<br>1,350<br>136,842<br>-<br>-<br>-<br>135,492<br>1,350<br>136,842<br>66,085<br>797<br>66,882<br>2,710<br>27<br>2,737<br>68,795<br>824<br>69,619<br>**66,697**<br>**526**<br>**67,223**<br>-<br>-<br>-|



The annual commitments under non-cancelling operating leases and capital commitments are as follows: 

31st December 2024 : None 

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## **BRADFORD ON AVON COMMUNITY CHURCH** 

## **NOTES TO THE FINANCIAL STATEMENTS (continued)** 

## **FOR THE YEAR ENDED 31ST DECEMBER 2024** 

|**3. INCOMING RESOURCES**<br>**Note**<br>**a) Donations & Legacies**<br>Tithes & Offerings<br>Gift Aid Tax Recovered<br>Special Offerings<br>**6**<br>**b)  Activities for Generating Funds**<br>Rental Income<br>Retail Sales<br>**c) Investment Income**<br>Interest Received<br>**4. RESOURCES EXPENDED**<br>**Note**<br>**a) Charitable Activities**<br>Centre Expenses<br>Depreciation & Amortisation<br>Equipment Costs<br>Gifts & Offerings<br>Gifts to External Ministries<br>Hire of Premises and Equipment<br>Insurance Costs and Legal Fees<br>Leadership Training & Events<br>Office Costs<br>Outreach Costs<br>Salaries & Wages<br>**11**<br>Telephone Costs<br>Utilities<br>Youth & Children's Work<br>Independent Examiners Fees<br>**b) Fundraising Trading Costs**<br>Rental Property Costs|Unrestricted<br>Restricted<br>**TOTAL**<br>**TOTAL**<br>Funds<br>Funds<br>**2024**<br>**2023**<br>£<br>£<br>£<br>£<br>42,197<br>-<br>42,197<br>-<br>7,370<br>-<br>7,370<br>-<br>1,793<br>-<br>1,793<br>-<br>**51,360**<br>**-**<br>**51,360**<br>**-**<br>6,200<br>-<br>6,200<br>-<br>175<br>-<br>175<br>-<br>**6,375**<br>**-**<br>**6,375**<br>**-**<br>440<br>-<br>440<br>-<br>**440**<br>**-**<br>**440**<br>**-**<br>Unrestricted<br>Restricted<br>**TOTAL**<br>**TOTAL**<br>Funds<br>Funds<br>**2024**<br>**2023**<br>£<br>£<br>£<br>£<br>4,300<br>-<br>4,300<br>-<br>2,736<br>-<br>2,736<br>-<br>190<br>-<br>190<br>-<br>7,267<br>-<br>7,267<br>-<br>6,634<br>-<br>6,634<br>-<br>5,833<br>-<br>5,833<br>-<br>5,560<br>-<br>5,560<br>-<br>1,056<br>-<br>1,056<br>-<br>504<br>-<br>504<br>-<br>3,073<br>-<br>3,073<br>-<br>24,799<br>-<br>24,799<br>-<br>330<br>-<br>330<br>-<br>1,751<br>-<br>1,751<br>-<br>118<br>-<br>118<br>-<br>1,740<br>-<br>1,740<br>-<br>**65,891**<br>**-**<br>**65,891**<br>**-**<br>252<br>-<br>252<br>-<br>**252**<br>**-**<br>**252**<br>**-**|
|---|---|



11 



## **BRADFORD ON AVON COMMUNITY CHURCH** 

## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024** 

## **5. RESTRICTED FUNDS** 

The charity had no restricted funds over this financial year 

## **6. DESIGNATED FUNDS** 

|New Building Fund|**Balance**<br>**Balance**<br>**01-Jan-24**<br>Income<br>Expenditure<br>Transfers<br>**31-Dec-24**<br>£<br>£<br>£<br>£<br>£<br>301<br>-<br>-<br>-<br>301<br>**301**<br>**-**<br>**-**<br>**-**<br>**301**|
|---|---|



**The New Building Fund -** relates to money given towards the costs of a new building. 

The designated funds are wholly represented by cash reserves of the charity 

## **7. CASH AT BANK AND IN HAND** 

|Unrestricted<br>Restricted<br>**Total**<br>**Total**<br>Fund<br>Fund<br>**31-Dec-24**<br>**31-Dec-23**<br>£<br>£<br>**£**<br>**£**<br>Cash at Bank & in Hand<br>53,744<br>-<br>53,744<br>-|
|---|
|**53,744**<br>**-**<br>**53,744**<br>**-**|
|**8. DEBTORS AND PREPAYMENTS**<br>Unrestricted<br>Restricted<br>**Total**<br>**Total**<br>Fund<br>Fund<br>**31-Dec-24**<br>**31-Dec-23**<br>£<br>£<br>**£**<br>**£**<br>Gift Aid Tax Recoverable<br>7,370<br>-<br>7,370<br>-|
|**7,370**<br>**-**<br>**7,370**<br>**-**|
|**9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**<br>Unrestricted<br>Restricted<br>**Total**<br>**Total**<br>Fund<br>Fund<br>**31-Dec-24**<br>**31-Dec-23**<br>£<br>£<br>**£**<br>**£**<br>Independent Examiner's Fee<br>510<br>-<br>510<br>-<br>HMRC<br>-<br>-<br>-<br>-|
|**510**<br>**-**<br>**510**<br>**-**|



## **10. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR** 

The Charity held no long term liabilities during this or the previous financial period. 

12 



## **BRADFORD ON AVON COMMUNITY CHURCH** 

## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024** 

## **11. STAFF COSTS AND NUMBERS** 

|**11. STAFF COSTS AND NUMBERS**|||
|---|---|---|
|Gross Wages & Salaries|**2024**<br>**£**<br>23,228|**2023**<br>**£**<br>-|
|Employer's National Insurance Costs<br>Employer's Pension Costs|1,113<br>458|-<br>-|
|24,799<br>Employees who were engaged in each of the following activities:<br>**2024**<br>TOTAL<br>Management and administration<br>3<br>**3**||-<br>**2023**<br>TOTAL<br>0<br>**0**|



No employees received emoluments in excess £60,000 (2023: None) 

## **12. TRUSTEES AND OTHER RELATED PARTIES** 

During the financial period Mrs V.J Ayers (Spouse of Trustee Mr W. Ayers) received £11,044 in salary related remuneration for work undertaken in furthering the Charity's objects. During the financial period Mrs D. Hoyle (Spouse of Trustee Mr A. Hoyle) received £3,249 for Treasury services rendered in furthering the Charity's objects. 

No other payments were made to trustees or any persons connected with them during this financial period. No material transaction took place between the organisation and a trustee or any person connected with them. 

## **13. RISK ASSESSMENT** 

The trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks. 

## **14. RESERVES POLICY** 

The trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The trustees aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The trustees will endeavour not to set aside funds unnecessarily. 

## **15. PUBLIC BENEFIT** 

The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or that are for the public benefit. Details of how the charity has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake 

13