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## **IRIS GLASTONBURY**
_(A CHARITABLE INCORPORATED ORGANISATION WHOSE ONLY VOTING MEMBERS ARE ITS CHARITY TRUSTEES)_
## **FINANCIAL STATEMENTS UNAUDITED AND TRUSTEES’ ANNUAL REPORT FOR THE PERIOD**
FROM 17TH JAN 2024 PERIOD START DATE TO 1[st] APRIL 2025 PERIOD END DATE
CHARITY NAME: IRIS GLASTONBURY
CHARITY REGISTRATION NUMBER: 1206574
_FINANCIAL STATEMENTS FOR THE PERIOD ENDING IN 1[st] APRIL_
_2025_
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## **CONTENTS**
|**CONTENTS**||
|---|---|
|||
|Charity General Information|**3**|
|Trustees' annual report|**4- 6**|
|Statement of trustees' responsibilities|**7**|
|Statement of Financial Activities|**8-10**|
|Declaration|**11**|
|Notes to the Financial statements|**12-14**|
|Financial Statements provided as separate documents
attached.||
NB.
The financial information referred to in this report reflects the combined results of (i) the year ended 16 January 2025 and (ii) the short period from 17th January 2025 to 1stApril 2025, as set out in the accompanying financial statements.
The trustees present their report and accounts for the period ended 1st April 2025.
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## **GENERAL INFORMATION**
The charity is a CIO and it became registered as a charity on 17th January 2024. It is governed by its Constitution.
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**Trustees** : Mark Dale (Chair)
Andrew Fanstone (Finances) Ruth Roberts (Secretary)
**Charity number:** 1206574 **Companies House number:** CE034921
## **Address of charity:** Office 14,
Wells Enterprise Centre, Wells,BA5 1JJ
**Bankers:** Lloyds Bank 64 High Street, Street, Somerset, BA16 OED
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## **TRUSTEES’ REPORT**
The trustees present their annual report and the financial statements of the charity for the period ended 1st April 2025. This report covers the charity’s first reporting period following registration in January 2024
The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “ _Accounting and Reporting by Charities (effective January 2019)_ ” in preparing the annual report and financial statements of the charity.
## **Appointment and induction of trustees**
The charity was established during the period and, at the date of registration, had three trustees. The charity’s Constitution provides for a minimum of three trustees and no maximum number.
The trustees are responsible for the appointment of new trustees. New trustees are provided with information to familiarise them with their legal obligations under charity law, the contents of the charity’s Constitution, the charity’s decision-making processes, and the recent activities and performance of the charity.
## **Objectives, Organisation and Activities**
The object of the CIO is, for the public benefit, to advance the Christian faith in such ways as the charity trustees may from time to time decide.
The objectives of the charity, as set out in the Constitution, are:
a) to advance the Christian faith
b) to relieve persons who are in conditions of need or hardship or who are aged or sick
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c) to advance education in accordance with Christian principles
d) to promote and fulfil other charitable purposes beneficial to the community
## **Organisation**
The trustees meet periodically, and at least once a year, to oversee the work and activities of the charity. The trustees have the power to manage and invest the resources of the charity in accordance with the provisions of the Constitution and charity law.
## **Related and Co-operating Charities**
The charity works in co-operation with Iris Global (based in the USA) and Iris Global UK (based in the UK). Iris Glastonbury operates independently but shares common values and charitable aims with these organisations.
## **Public Benefit**
The trustees have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers and duties.
## **Reserves and Risk Management**
It is the policy of the charity to maintain unrestricted funds (free reserves) at a level equivalent to approximately three months’ unrestricted expenditure. This is intended to provide sufficient funds to cover management, administration, and support costs.
The trustees have considered the key operational, financial, and strategic risks facing the charity and believe that appropriate systems and controls are in place to monitor and mitigate those risks.
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At the period end, the charity held sufficient funds to meet its anticipated needs and statutory obligations for the following financial year. The charity secured grant funding covering approximately 60% of staff costs. While free reserves remain limited, the trustees are committed to building reserves gradually as the charity develops.
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## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
Charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of its financial activities for that year. In preparing those financial statements, the trustees are required to:
a) select suitable accounting policies and apply them consistently; b) make judgements and estimates that are reasonable and prudent; c) state whether the policies adopted are in accordance with the Statement of Recommended Practice _“Accounting and Reporting by Charities (effective January 2019)”_ and applicable accounting standards, subject to any material departures being disclosed and explained in the financial statements; d) prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity’s transactions and to disclose with reasonable accuracy at any time the financial position of the charity. They are also responsible for safeguarding the assets of the charity and for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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## **STATEMENT OF FINANCIAL ACTIVITIES**
## **Financial Review**
The Statement of Financial Activities included within the financial statements sets out the income and expenditure for the period. This Trustees’ Annual Report covers the period from 17th January 2024 to 1stApril 2025. The financial information referred to in this report reflects the combined results of (i) the year ended 16 January 2025 and (ii) the short period from 17th January 2025 to 1stApril 2025, as set out in the accompanying financial statements.
Total incoming resources for the period were **£63,458.43** . The charity’s principal sources of income were donations and Gift Aid, training school payments, and grant income.
Total expenditure for the period was **£42,201.52** . The main areas of expenditure related to staff costs and the delivery of the charity’s school, church and mission-related activities.
## **Highlights of Activities During the Reporting Period**
During the period, the charity delivered a range of activities in furtherance of its charitable objects. These included the delivery of two mission schools involving participants from a number of different nations, as well as a mission trip involving participants from several countries.
The charity also carried out church-based activities including Bible study and discipleship, together with outreach activities within the local community and
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beyond. The trustees consider that these activities contributed positively to the advancement of the charity’s purposes.
In addition, the charity provided support to individuals within the local community in Glastonbury, including assisting some individuals to relocate where they did not feel safe to remain locally.
The trustees are pleased to note that the charity was able to deliver its planned activities within available resources during the period and without the need to undertake additional fundraising activity.
The trustees are grateful to supporters and volunteers whose generosity and time made these activities possible.
## **Future Plans**
The trustees intend to continue developing the charity’s activities in furtherance of its charitable objects. Planned activities include the delivery of a Harvest School in 2026.
The trustees are also exploring the establishment of a prayer room, initially operating on a monthly basis, subject to the availability of suitable premises, staffing, and resources.
## **Achievements and Performance**
Total income for the period, including donations, Gift Aid, and merchandise sales, amounted to **£63,458.43** .
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To keep supporters informed about the charity’s activities and to raise awareness of its work, the charity maintains a website and social media presence, including Instagram and Facebook.
The trustees are grateful for the support received during the period and are encouraged by the growing awareness of the charity and its activities.
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## **DECLARATION**
The trustees declare that they have approved the trustees’ annual report and the financial statements for the period ended 1st April 2025.
Signed on behalf of the charity’s trustees:
Name: Mark Dale Position: Chair of Trustees
Signature: ____________________________ Date: 27/01/26
Name: Ruth Roberts Position: Secretary Signature: ____________________________ Date: 24/01/26
Name: Andrew Baird Fanstone Position: Finances
Signature: ____________________________ Date: 24/01/26
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## FINANCIAL STATEMENTS
The statutory financial statements for the period 17th January 2024 to 1stApril 2025 (including the Statement of Financial Activities and Balance Sheet) are provided separately as part of the accounts pack prepared by the charity’s accountant.
The charity has no recognised gains or losses other than the results for the period as set out in those financial statements. All of the activities of the charity are classed as continuing.
## NOTES TO THE ACCOUNTS FOR THE PERIOD
## ENDED 1st APRIL 2025
1. ACCOUNTING POLICIES
## **Accounting Convention**
The financial statements have been prepared under the historical cost convention and in accordance with applicable accounting standards, the Statement of Recommended Practice “ _Accounting and Reporting by Charities_ . _(effective January 2019)”, and the Charities Act 2011_
## **Charity Status**
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The charity is a Charitable Incorporated Organisation (CIO), registered on 17th January 2024. The charity’s only members are its trustees, whose details are shown on page [3].
## **Fund accounting**
General funds are unrestricted funds that are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Designated funds are unrestricted funds that have been set aside by the trustees for specific purposes.
Restricted funds are funds subject to specific conditions imposed by donors or raised for particular purposes. These funds may only be used in accordance with those restrictions. The costs of raising and administering restricted funds are charged to the relevant fund. Investment income and gains are allocated to the appropriate fund.
## **Incoming resources**
All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income, receipt is probable, and the amount can be measured with reasonable accuracy.
Donations are recognised when received, unless they relate to a future accounting period or are subject to conditions, in which case they are recognised when the conditions have been met. Legacies are recognised when receipt is probable and the amount can be measured with reasonable certainty.
## **Expenditure**
Expenditure is recognised on an accruals basis and allocated to the appropriate heading in the Statement of Financial Activities.
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## **Charitable activities expenditure**
Charitable activities expenditure relates to costs incurred by the charity in the delivery of its charitable objectives. This includes expenditure relating to church and school activities, office and administrative costs, and missionrelated activities.
## **Fixed assets**
Fixed assets are capitalised where their cost exceeds £200 and where they are expected to be in use for more than one year. Depreciation is provided so as to write off the cost of fixed assets, less their estimated residual value, over their expected useful economic lives.
The principal annual rates of depreciation are as follows:
- Computer equipment and software — 33% straight line
- Music and PA equipment — 33% straight line
- Furniture and other equipment — 20% straight line
## **Governance costs**
Governance costs include all costs associated with the governance of the charity. These include professional fees and other costs incurred in meeting the statutory and regulatory requirements of the charity.
## 2. DONATIONS AND GIFTS
The charity’s income during the period included donations and Gift Aid. Further analysis of income is included in the statutory accounts prepared by the charity’s accountant, which are provided separately.
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## 3. COSTS OF ACTIVITIES IN FURTHERANCE OF THE CHARITY’S OBJECTS
The costs of activities undertaken in furtherance of the charity’s objects during the period are set out in the statutory financial statements provided separately as part of the accounts pack prepared by the charity’s accountant.
## 4. STAFF COSTS
The trustees are pleased to report that, during the period, the charity appointed its first (and only) employee, marking an important step in strengthening operational capacity and supporting delivery of the charity’s work. Staff costs and related employment charges are set out in the statutory financial statements provided separately as part of the accounts pack prepared by the charity’s accountant.
## 5. GRANT FUNDING ACTIVITIES
Grant income received during the period is set out in the statutory financial statements provided separately as part of the accounts pack prepared by the charity’s accountant.
## 6. TAXATION
The charity is a registered charity (number 1206574) and is exempt from taxation under **Part 11 of the Corporation Tax Act 2010** , insofar as its income and gains are applied for charitable purposes.
## 7. DEPRECIATION
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Depreciation is charged in accordance with the accounting policies set out in Note 1 and reflects the systematic allocation of the cost of fixed assets over their expected useful lives.
Charity Registered Number: 12065741206574
## Iris Glastonbury
Trustees’ Report and Statement of Financial Accounts and Balance Sheet For the Short Period 17 January 2024 to 01 April 2025
1 Page
## **Iris Glastonbury**
||||
|---|---|---|
||**Contents**||
|Legal and Administrative Information
3|||
|Statement of Financial Activities
4|||
|Balance Sheet
5|||
|Notes to the Accounts
6|||
|Independent Examiner’s Report
7|||
2 Page
## **Iris Glastonbury**
## **Legal and Administrative Details**
Registered Charity Number:
1206574
Address:
Office 14 Wells Enterprise Centre Wells Somerset BA5 1JJ
Telephone Number:
07564 894 483
Trustees:
Mark Dale Ruth Roberts Andrew Baird Fanstone
Independent Examiners: D E Accounting & Payroll Services Limited., 6 King Street Kirton Lincolnshire PE20 1HX
3 Page
## **Iris Glastonbury**
## **Statement of Financial Activities For The Short Period 17 January 2024 to 01 April 2025**
|**Total **
**Income**
**£ **|**Total **
**Income**
**£ **|
|---|---|
|Merchandise
648.97||
|Donations
8,333.84||
|Mission Trip
3,709.65||
|Mission School
5,386.52||
|Iris Germany
11,669.60||
|Iris Global
5,061.22||
|Stewardship
8,605.15||
|Hosting
236.63||
|Intercession Sch
5,321.21||
|Teams Hosting
148.80||
|Sales to Daniella of Book
50.00||
|Events
285.00||
|Other Income
77.01||
|Employment
13,633.03||
|Refunds
291.80
**Total Income**
**63,458.43**||
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**Expenditure**||
|Product Cost
801.56||
|Mission Trip - Italy
2,404.91||
|Intercession Sch
4,140.44||
|Mission School
5,451.30||
|Church
376.87||
|Tools and Equipment
1,711.26||
|Travel and Motor
317.90||
|Hire Venue
653.14||
|Legal
15.22||
|Admin and Training
299.16||
|Payroll and Pensions
23,792.75||
|Discipleship and Hosting
764.41||
|Bank Fees
5.00||
|Insurance
240.73||
|Refunds
585.00||
|Gifts
78.36||
|Marketing/Advertising
290.00||
|Admin & Training
223.51||
|Book Money Dani Book
50.00||
|**Total Expenditure**
**42,201.52**||
4 Page
**Profit / (Loss)**
**21,256.91**
## **Iris Glastonbury**
|||||
|---|---|---|---|
||**Statement of Assets and Liabilities as at 01**|**April 2025**||
|**Unrestricted**|||**Total**|
||
**Funds**|||
|
**£**
**£**||||
|**Non Current Assets**||||
|Fixed Assets
-|||-|
|**Current Assets**||||
|Treasurer Account|
108
108|||
|Employment Saving|Account (1)
13,031||13,031|
|School Saving Account (2)
9,359|||9,359|
|**Total Income**
**22,498**|||**22,498**|
|**Current Liabilities**||||
|Accruals
(96)|||(96)|
|**Total Assets/(Liabilities)**
**22,402**|||**22,402**|
|**Restricted Funds**|
**-**||**-**|
|**Unrestricted Funds**|
**22,402**
||**22,402**|
|Approved by the Board of Trustees||||
|on………10/25/2025……………………………………………..and||signed on its behalf by:||
|**Name:............Andrew Baird Fanstone...............................................................................**||||
|**Signature:.......................................................................................**||||
5 Page
## **Iris Glastonbury**
## **Notes to the Financial Statements for the Short Period 17 January 2024 to 01 April 2025**
## **1. Principle Accounting Policies**
## **a) Basis of Preparation**
The financial statements of the Charity are prepared in accordance with The Charities Act 2011 and the Statement of Recommended Practice “Accounting and Reporting by Charities” issued in 2005 (SORP) and with applicable accounting standards. The financial statements are drawn up on the historical cost basis.
6 Page
## **Iris Glastonbury**
## **Independent Examiner’s Report to the Trustees for the Short Period 17 January 2024 to 01 April 2025**
I report on the accounts of the Charity For The Year Ended 01 April 2025, Charity Number 1206574 which are set out on pages 1 to 5.
## **Respective Responsibilities of Trustees and Examiner**
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year, under section 144(2) of the Charities Act 2011 (the 2011 act), and that an independent examiner is needed.
It is my responsibility to:
Examine the accounts under section 145 of the 2011 Act,
Follow the procedures laid down in the general directions given by the Charity Commission under section 145(5)(b) of the 2011 Act and
State whether particular matters have come to my attention.
## **Basis of Independent Examiner’s Statement**
My examination was carried out in accordance with the 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; 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 accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.
## **Independent Examiner’s Statement**
In connection with examination, no matter has come to my attention:
1. which gives me reasonable cause to believe that in any material respect the requirements to:
- a) keep accounting records in accordance with section of the Act; and
- b) prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met, or:
2. to which, in my opinion, attention should be drawn in order to enable proper understanding of the accounts to be reached.
**D E Accounting & Payroll Services Ltd Signed:..................................... 6 King Street Kirton Date:...............…...................... Lincolnshire PE20 1HX**
7 Page
**Iris Glastonbury**
## **Independent Examiner’s Report to the Trustees for the Short Period 17 January 2024 to 01 April 2025**
I report on the accounts of the Charity For The Year Ended 01 April 2025, Charity Number 1206574 which are set out on pages 1 to 5.
## **Respective Responsibilities of Trustees and Examiner**
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year, under section 144(2) of the Charities Act 2011 (the 2011 act), and that an independent examiner is needed.
It is my responsibility to:
Examine the accounts under section 145 of the 2011 Act,
Follow the procedures laid down in the general directions given by the Charity Commission under section 145(5)(b) of the 2011 Act and
State whether particular matters have come to my attention.
## **Basis of Independent Examiner’s Statement**
My examination was carried out in accordance with the 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; 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 accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.
## **Independent Examiner’s Statement**
In connection with examination, no matter has come to my attention:
1. which gives me reasonable cause to believe that in any material respect the requirements to:
- a) keep accounting records in accordance with section of the Act; and
- b) prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met, or:
2. to which, in my opinion, attention should be drawn in order to enable proper understanding of the accounts to be reached.
**D E Accounting & Payroll Services Ltd Signed:..................................... 6 King Street Kirton Date:...............…...................... Lincolnshire PE20 1HX**