Charlty R•glBtr•llon No. 225455 Conwny R•gi8tratlon No. 00086844 (Engla1 and Wale•) THE SPIRITUAUST ASSOCIATION OF GREAT BRITAIN IA COMPANY UMITED 8Y ¢XIARANTEE) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
THE SPIRITUALIST ASSOCIATION OF GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION MrT Tasker Mrs H Smith Mr K DUnCamorr Ms T Czerniawskyi Charity numb•r 225455 Cornpany numb•r 00086844 pr¢1P41 addr• 341 Queenstown Road Battersea London SW8 4LH R•gisternd offic• 341 Qugenstown Road London SVV8 4LH Auditor4 MCT P8rfnorship LLP Chartergd A¢ntants Stslutory Audttors 1 Wamer House Harmlan Busine$$ Village Bessborough Road HarTVW Middlesex HA13EX The Royal Bank of SeL)tland London Belgrawa Branch 24 Grosvenw Place London SW1X 7HP
THE SPIRITUALIST ASSOCIATION OF GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE) CONTENTS Pag• Trustses. report Statement of trustees, re8ponsibilitles IndepeThl6nt auditoV8 report Statement of financial actlvitios BaEancè sheet 10 Statement of tash Ilows 11 Notes to the finan¢lal s18lemer 12-20
THE SPIRITUALIST ASSOCIATION OF GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The Iruslees are pleased to present their report togethèr Ihe financial statements of the charity for thè year ended 31 March 2024. The fin8ndal statements have been prepar•d in acg)rdance wth the actounlin9 policies sel out In note 110 the financial ststements and cornply with the chari$ Memorondum ¥nd Artides of AssocAalion, the Companles A 2006 and "A¢counting 8nd Reporting by Charities.. Slalement of Re¢ommentYÈd Practice applicable to charllie5 preparing their accounts in accordan¢& wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 {effe¢llve 1 January 2019)". ObctIVeS and athlti Th9 objoct of the charity is the pr(ImotK)n ond advancement of spir1tuafil. To a¢higve this The SpirilualislAssoclalion of Great Britoin: -offers evldgnce, through mediumshlp. of Ihe conlinuatlon ol th$ personalty after physical death and relieves sufferlng through spirflual heallng. ProvHles rellgious and hoaling sèNr£s to the general publi -Invesltgale$ physical. spiritual and mediLwnistlc phenornena including regression. $8c(Jnd sight, trance h•alin9, and all matters of a knndred nature. uses the knOWgè gained acwdingty. -Help$ students and enqulrers in thèlr sludies and rosearth spirit1181 doctr1$ 8nd all or any of the matters already rnenlioned. -Produee$ a magaziM. whith contain8 infomalion with rèspeia to all or any of thg matters ako¥dy mentioned. -As50aales wlh other voluntary or9ani8ations In a L>)mmon effort to promote spiriiualism. We are cuffontty open lo the public Monday to Sunday 11.'45am to 5.30wn and our phtsnè lines 8r open at the Same time. Wè offer individual consuttation5, group and audiènee partiLipation. Our Splrilual Healing Clinic% are open Monday lo Sunday al our centre, and al Monday, Wednesday, and Friday online. All our Heal8rs have to do training over 2 years to become lulty approved Healers of SA.G.B and we tt looking Into establishing links wrth major Healing OTganrLiations. We offer two-ygar Training Programmes, provkling seff development in all areas of mediumship and a greater U1rstandIng of our phllosophy and knovAedye of Spiiitualily. We prOe evidenc8 of Survival after deh through our expeii¥nctd mediums in priv8ta one lo one sittin9s and daity public demonstrations. Mso we provide prwale Healing ¢onsullations. We wll bè putting togolhei a training programme for approved Healers to traln as Tutors after they ha al least 2 years as a full Healer. ournofvdenoml10nal Divine SoNic8 every Sunday Is open 10 411. We offer a gr¢)wing trainlng and oducabonal programme ts further developrnenl to everyone through dasses and independent practical op8n taKs. We h¥vg now many new adivlti•s, wlm.ch will indude speciallst exhibitions. lectures and publishing. Our members will bè encouraged lo tske part in mY of th&$¥ actiwlie$. Creallng a social history from the memories of members that have supported u$ over many decades will be c0 of many objèctives. Publlc benéfft The prinupal adVilS ofthe charity during the year continued lo promotè spiritual. religious and healing $8Tvices to its members and goneral publio The trusle8s are aw8rè of the Charity Commission guidance on public benefrt Teporting 8$ sel out in Sedion 4 CharitiesAd 2011. The trustees believe that the ¢harity 8chVe8 8 public benefft by prowding these semces as d¢lgNed in the Objectives and xtivrt*$ ch0n of this reporL Achl•vements and perfornMnc¢ The charity has continued lo prowide rfs wlde range of spirilual, reltgious phdo8ophy 8nd helng seTrices to its membets and the general publlc. It wekomes 011 creeds and rel108.
THE SPIRITUALIST ASSOCIATION OF GREAT BRITAIN {A COMPANY LIMITED BY GUARANTEE> TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORTI {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The range of services Sncludes thg propagallon of spirthal phibsophy. sRtings, whl¢h are face-tOwf•co. by telephone or Zoom, publi¢ demonstratK)ns of Glairvoyance, psychK art dgmonstrations, psychomelry demonstrations, day classès, WOTkshops, medttalion. spiritual COSell1rs. non4enominalional dlvine Sunday 88rvice, bereavement SUPPQrt aTde5 and spiritual healing. Spirit Animal Cirde some of these $eN¢e$ are now alIabl¢ by Zoom. Onty a donation is asked for the diwne seN¢e and spirflual healing. Thère is no charge for the be8vement support cArde. We wll bg looking at ways to dèvelop Pain management dlnies, Wo11 being Clinics and other S¢871st Healing with apprioprale qualified peopte. We aro looking to gslabbsh connections with the wider MMunity and charth'es lo oller Heang in Hospitals and p0SblY car8 homes. The charitys websKg (www.sagb.org.ukl continues to enabl? R lo reac ¥ wider 6pe¢lrum of people 8¢ro55 the )unty and inlemationally. It is a very important tool in publiwing the Charity, its mediums and ils d8y-lfrday tLtiwlies. The Larfty plans to corbtinue Its #div¢S a5 ouuined abo in forthcomkng years. Thi$ will include finding ways lo ensure that it is always accessible to those wanting lo use th¢ charitys strrd¢&s and making certain that it provides these $8Nices in an effident way. The Trustees are ahvays mindful of the need lo maintain the reputation of lh8 charity through the spiritual seThices that il provKle$. Find11 Mvlew •nd rf•k •••wm•nl Tho trustees actively review the major risks f4¢ing the ch¥rrty throughout the year. Pro¢edure8 have be¢n established for idenlfying signfficant risks and develoFing and implementing stral8gie8 lo mib'gal¥ such risks. We have now had the ¢hance 1¢ look at the local are8 and thus obtain 4 greater understanding of our local comrnunity. W8 are endeavoring lo introduce lulors that wll reflect on our local needs as well as continuing to trF bereavement support, meditation and healing diniGry. The opening of the Northem lube at 8attorsea power gives people an additional access of Iraval which is only a 10 mins walk away. We are also induding new projects and offering 8UPPOrt from awedited counsellors and support groups lor peopl¢ dealing with illnesses. W¢ are currentty attracting a wider audience lo the actrlieS w8 off9r of both youn9 and mal(tr8 people as well 8$ a wider cultural communty. We tske on board Ihe needs of our members and on¢ouragè th•ir input so that the AssocialKin meets tha demands of all who use us. Th? Sunday service 1$ now both from our property ond also on Zooffl, which enables people from all of county and diffèrent countrfs to attend. The charity's bglan¢e sheet has ¢8sh raseryo$ of £312,83812023: 412.350) and ng1 a85ets of É2,786.494 (2023: £2,909,063). Th8 trusteès believe th these fvnds will b¢ Suffiuent in rneen9 the Chari$ fuiure nted5 and ¥lso believe that this level of re6erve$ is nec*$sary lo ¢over any liabllities or continggncig5 which may ari$e in the luture. The trustees havo assessed the major risks to whkh the d)arlty is exwsed. and are satisfied that Systems are in place lo mitigate exposure to the major risks. Fuiurn plan• We a exploring partnerships wrth loeal chafilÈs to offer spa¢9 for metrtings. as well as provida initi81 support and resources wrthin the communrty. Th1$ colJabor¥tion would enable IheAs%xiation lo enhance ils pr¥$ence localty, potentially linking it wtth our stIng healing dinics. Additionally, such partnerships could offer opportunities for further Irèining, allowing our healt to specialis& in area$ that directy benefit the Iccal communty, a# Identified by the charity. CoUj offer seN¢8$ in pain managèment therapy, talknng therapi•s, and and-1le support, IlUdIng th work of death doula$. Several ol our healets already hold qualifi¢8I'ons as ¢ounsdoTS and $orAal workers. Thi nltiative wouhl a150 allow us lo provide addillonal supp¢rt to our healers. enaNing them lo éxpand their education, oblain certrfications. and gain further experien¢9 in these critical ffields. On a social lev¢l. particularfy during t winter monlh$, we coukj h031 coffee momings to foster ¢onnecthon8 wrfhin the mMunIty. Th18 initiative would offer people, especially in limes of erAinoNMc hardship. a better vnder8tsnding of and acces$ to the serVS w8 provide.
THE SPIRITUALIST ASSOCIATION OF GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Grrfen the growing local ctsmmunty, we sg0 an opportunty to extend our operating hours lo accommodate evening access, espe¢ialty for th0 who work during the day. This gxiension could ¢atw to indiwduals who mjy otherwise find it dffjcult to attend during tradhbngl hours. As edu¢atlon continues to grow in importance, often surpassing even lity nl9hth.fe in teTms ol engagement. we believe offering evening service5 would be a valuable resource. This expansion could a150 includ• addlb'onal programming such a$ dernonstralions. lectures. healing clini, ¥nd prof8s$icnal development opportunities. In addllion, we Could incowporate new events. induding t%k18unch&s. author readings an(1 signings, opon mic nights for musi¢. writing. poetry, and art, as well a8 ¢omety events. ThgS& 8¢Uwtses would foster a greatsr sense of communty and proMd& a pjatfcffii fvr inddUal8 lo Showcase thelr ¢realive tanIs. a150 aim lo wnlinue hosting inlem8tional or98nisations, 8uth as the pwh)grship wlth Brazll, whh ha8 expanded Ihls year to indude lecture8 and debates. This initi.ativè helps promote a de01 understsnding of diverse spiiilual prath'ces that $hare common roots, further strengthening our global COMOCtJ'ons. Structur¢> gov•rnanc• and manayment The char*ty a company limrt¢d by guarant••. The liuslegs, who ar& alsg th8 directors for th& purpose of coryany law. and who served [n9 the year and up to the d81e of signature of the finan¢lal slalemenls were= Mr T Tasker Mrs H Smlth Mr K Duncan•Mois Ms T Czerniawsk None of the trustees has any bengficial interest in the company. All ol the trustee$ ore members of the ¢ompany and guarantee to conlrfbute 25 pence in the event of a winding up. A Board of Trusts8s of no less than 3. who meet regularty throughout th• year. admmilslers the Charity. Under thè Memorandum and ArtirJ05 ofAsswation, th• trustee8 hove statuiory powers of investment. Audmor Th? auditor, MCT Partner8hlp LLP. is deemgd lo be reappointsd ur¥Jer se¢tl¢)n 48712) of the Compani&s Ad Disclo$ur• ol Infomiatlon to auditor Each of the Iruslees has confimied that there is no informathon of which Ihey are aware which is reknvant to the audit. bul of which the auditor is unawa, They have further cc¥nfimied that th&y have tskèn approprlate Steps lo idenb.fy such revant Informati and lo establish Ihat th& auditor is aware of such infonnallon. The tru$tses' report was approved by the 808rd of Tru$lo&s. Mr T Task•r Tfu8tse Dated.. 26 D8¢emb8r 2024
THE SPIRITUALIST ASSOCIATION OF GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The trustgos, who are also the directors of The Spiritualist Asso¢ialK)n or Great Britain for the purpose of company law, are responsible for preparing the Trustees, Report and the auntS in acrdanCe with applicable law and Uniled Kingdom AccounlSng Stan¢Jards ILlnit8d Kingdom G$nerallyAc¢•ptedAc¢ounling Practke). Company Law requires the trustees lo prepare account$ for each finan¢i81 year whith give 8 true and falr view of the slato of affairs of the tharfty and of the incoming resources and application of resour8. Includ9 the inco and expenditure, of Ihg charitaNe comnY for that year. In preparing these accounts. the Iruslees are required lo: - $8E8ct suitabl• accountiNJ policies and then apply Ihgm conslstondy,. - obseNe th9 methods and prtnoples in the Charities SORP: - makejudgemenls and estimates thal are reasonable and prudent.. state whether applicable UK Accounting Standards have been folb)wed, subi8Ct to any rnaterial departure8 disdosed and explained in the a¢¢ounls', and prepare the a¢Unts on the going concem basis unless fft is inapproprote to prg$ume Ihal thè charfty 11 e4)ntinue in operation. truslge$ are responble for keeping adequate accwnting records that dS$dose wrfh reaSonae accuracy 8t any time the fin8ncial posilK)n of the charty and enable them to ensure that the accounts cornply with the Companies Acl 200e. They are also respOnsle for safeguarding the assets of the charity and hence for taklng reasonable Stops for the prevenlfion and deledon of fraud ond other irrggularilies.
THE SPIRITUALIST ASSOCIATION OF GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE SPIRITUALIST ASSOCIATION OF GREAT BRITAIN Opinion We have audited Ihfj finandal statements of The SpifMuah's1 ASKlaOn Of Great Brilaln Ilhe 'charty) for the year endèd 31 March 2024 which comprise the statement of financial 8CtMIi. the balance 5he81, the slal&ment of cash Ilows and the notes lo the financial statements, including a summary of signfficanl accounting policies. The financial reporting framework that has beèn applied in their prep8ra1icn is appli¢able Law and United Ffjngdom Accounting Standards, Induding Financlal Repotbng Standar(1102 The Financial Repoth'ng Siandord applicable in the UK and Republic of lrnland (United Kingdom GeneraltyAccepled Ac¢ovnting PraG¢e}. In our opinion, the financial stslements.. give a Iwe and fair wew of the slate of the Charitable COMnY.$ affairs as al 31 March 2024 and of hs Inwming Tesource5 arwl application of reSree$, indudlng its income and expenditure. for the year then ¢nded-, have been properfy prepared In aCCrdance with United Kingdom G•n8ralty Accèpted Acc£Junting Practi¢0; and have b8on prepared in accordance Mlh Ihtr loquirements of the CompanièsAct 2006. B#•is foropinion We conduct&d our audit In accordancA vriih Inlemattonal Slondards on Audng IUIQ IISAS {UKI} and appli¢8ble law. Our re¥)onsibilities under Ihose stsndards are further described Sn thè Auditorf$ sponsi1itS for U)¥• auclit of Ihe ffnancial statgments sèctk)n of our report. are independent of the charity in 8¢cordan¢8 with the ethical requirements that are relevant to our audit of the financAal sla18men15 in the UK, including the FRC'S Ethical Stsndard, and the provisions available for small ent$. in thè circumstances set out in note 24 to Ihe finantyal ststemanls, and we have fUlfild our other ethical responsibilities in accoidance with these qUIrements. W& bdieve that the audrt ¢wdenc# we have obtsined is sufficient and appropriate to provide 8 basis for our opinion. ConclusioDS r•lating to goSng ¢onurn In audrting the finanaal statements, we hava conduded thal the trustees, u$8 of the going concem basis of accounting in the preparation olthe financial statemen15 1$ appropriate. Based on Ihfj work we have perfomRd. we have not 1denlffd any Matla1 un¢èrtaintJ"Ès relatlng to events or condttsons that, individually or collectivdy, may ¢asl slgnrf8nt doubl on the chwws abilty lo GOnnUe as a going 1cern for 8 period of al least Iwelve months from when the financial stslements arg aLrthorised for issue. Our responslbilities and the responBibililies of the Irustees with respect to going concem 410 described in the r¢lgwant section$ of thi5 Teport. Olh•r Informltlon Thè other infomiation comprises the information tluded in lh• annu81 repjrt other Ihan the finanrAal $latements and our auditorfs report therèon. The trustees ar8 responsible for Ihe olher Infomialion cont8lnèd within Ihe annual report. Our opinion on the financial slalements do8$ not cOr the other information ond. except lo the extenl otherwise explicitty stated in our report, we do not express any fomi of as5uran¢8 conclusion Ihèr•on. Our respgnsibility 1$ to re8d the other information and. in doing so, ¢onsider whether thè other irrfomiation is matenalty intA)nsislent with the financial stalemenl$ or our knowl8dge obtained In the (x)urse of the audit, or othe1$8 appears lo be Material mis51aled. If we identfy such material inconsistencies or apparent matgrial misstatements. we a required Its detémine whether thls givos to a material misststemenl in the finana81 statements theM$&e5. If, based on the worf( we have perfoffld, we condudè that there is a matèrial misstalemonl of thi5 olher infomiatlon, we aro required to report that fact. We have nolhing 1¢ report in th1$ regard.
THE SPIRITUALIST ASSOCIATION OF GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE SPIRITUALIST ASSOCIATION OF GREAT BRITAIN Opinions on oth•r matter8 prescrfb•d by the Companie$ Act 2006 In our opinion. based on the work undertakttn in the courso of our audit= the infomation 9iven in th8 trustees. report, whlch includes the directors. report prèpared for the purposes of Company Law, for the fift8n¢BI year fcy which the financial statements are prepared is conslslent wrth the finan081 statements- and the directots, ryort indudtrd within the Iwslees. pOrt ha8 been prepared in accotdance with applS¢8ble legal requiromenls. Matter6 on whlch we aro r¢qulred to rnport by èxcèpllon In the light of the knowledge and understanding of the tharity and Ms gn&ironmenl oblaingd in the course of the audit, we havg not iden11f mate81 misstatements in the dweatOTS' report induded wlhin the Iruslee8' report. W& hav8 nothing lo report in respect of th• followng mattèrs In ralation to whith the Companies Act 2006 requlres us to r&port lo you If. in our opinion= adequate accoLrnling records have not been kepl or r8tum8 4dgquale k¥r our audit have not been received from branches not visiled by us: or the finanrAal slal&menls are not in agreement wlth the accounllr4J reo)rds and returns.. or certain dis¢lo$ure5 01 trustees, remuneration specrfied by law are not made.. or we have not recew¢d au the lnfwmatn and explan8tioTrs we require for our audit. Respon$ibilitlo8 of INstèos As explainèd more fully in the statement of trust¥aS' Tesponsknilities. the trusteès. who are the director5 of the charty for the purpose of Company law, are responsible for the preparation of the fin8neial statements and for being satisfied that they give 8 trué and falr VEW. and for such inlemal control as the Irustoès delemine is necessary lo enable the preparation of financial slatsmenls that are freè from materi81 misstalemgnt. whether due to fraud or In pparing the financial stalemenls, the Iwslee$ are responsible for as8ossing the tharity's ability to continue as a going wncem, dis¢ki$ing, 8$ applicabltr, matters related lo going concem and using the going conctrm basis of accounting unless the trustees $ither intend lo liquidate the chanlable company OT to cease operations. or have no reali81i¢ aStemative bul to do so. Auditorf$ r¢sponslblllU•s for thg audlt of th• flnan¢i41 slatements Our objèctives are to oblain reasonable assurance about whether the finan¢i81 ststements 0$ a wholg are fr¥e from material misslalement, whether due to fraud or error. and to issue an audito¢$ report that includes our opinion. Reasonable assurancè is a high level of a8$urance but is not a guarantee that an audit conducted In aldance wilh ISAS (UK) will always deted a maleiial misstslemènt when 51 exists. Missl*ements Can arise from fraud or error and are considerad material rf, indivKlualty or in the aggregate, they coukl r•asonably be expe¢ted to Inftuence the economic decasions of users tsken on th& basis of thesè finaneial statements. IUlarities, induding fraud. are Instartces of non-eompliance with18w$ and gUlationS. W8 deslgn proceduros in line with our sponsIbl1rtIes, oullineil above. to dètect matèrial misstslements in respect of irr¢gularili•s, induding fraud. Thè oxtenl to which our prrtedures aro ¢apab18 of dgtsding irregularities, IndIng frauij, is de18ilad low.
THE SPIRITUALIST ASSOCIATION OF GREAT BRITAIN {A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE SPIRITUALIST ASSOCIATION OF GREAT BRrrAIN Extent to which the audtt was ¢onsldered capablfr of dgtsctlng Irr•gularftlo8, Includlng fraud Our approach to identifying and 8ssessing th& risks ol material mis$latement In respect of irregularilies, induding fraud and nr)n-complian¢e wrfh laws and regatiOnS, is detsiled behyw. We obtslned an understandw)g of the gaI and regulatory framework that the company operates in, and identified the key law$ and regulations appThcable to the MpanY through dis¢ussson8 wth direorS and management.. We locused on specthc laws and gu11$ whl¢h we consider to have a mattrrial effect on the flnonrial statements or the operations of the company, induding the Companies Acl 2006. Charllies Act 2011. laxalion 1ggi8la11on. dala pr¢lection. anli-brthry. money launderng. employment and heahh and safofy 18gi51atw'. We obtained an understaThJing of how the conwany complbs with these r8quirements by discusslon5 th directors and managemenl., We ass8ssed the risk of maleiial misstslement of the finantyal statements. indudlng the risk of material misslatemenl due lo fraud and how il migm 0(r. through discussions wlh diredors and manag•ment. B8sed on this understanding. we d8slgned Specific appropriat8 audit procedures to idenlrfy instancgs of non compliance wilh laws and regulalions. these are detsikd below. Enquiry of managemet)t and Ih069 ¢harged vmh govemance around actual and polenlial litigation and clalms.. Enqulry of enltty staff in tsx and ccThpliance fun¢tksns to identty any instances of nonv¢ompliance wrth laws and iegulalions., Reviewing minute5 of meètings ol thosè Charggd with governance., Rewewing ffinancial 5181oment dis¢losures testing to supporting do(yJmentslon to as$ess compliance wilh applinble laws and Tegulalions; Auditing the risk of man8gement oveNide of controls, incluthng through l•sling joumal entrie5 and other adjustments for appropriaten8ss, and evaluating the t>usiness rglionale of signifi(¥nt tranSaclIn$ outside the norn)al cours8 of bu$ln•ss- Use of anatyt1¢81 prdUr¢S to identify any unusual or expected relaiionship$, There are inh•Mnt lim[tat$ Sn our audil procdwes des¢rikd above. Material misstatements that arise du• to fr8ud can be h8rdgr to dete¢l Ihan Ihosfj that artse from eThoT as they may Involve concealment or collusion. A further description of our re3ponsiblilie$ is availab on the Financial Reporting Council's w8bsile al: https'.11 ww.frc.or9.uklaudil0rsrosponbilit5. This description foims part of our auditors r8POrt.
THE SPIRITUALIST ASSOCIATION OF GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT {CONTINUED) TO THE TRUSTEES OF THE SPIRITUALIST ASSOCIATION OF GREAT BRITAIN Usè of our report This report is made solety lo the tharitablg compary's menJern. as a body. in att0rdce wrth Chaptfjr 3 of P8rt 16 of the Companies Ad 2006. Our audit work has been undertaken $0 that we might $lal& to the charitable company's members those matters we are required to state lo them in an oudrtor's report and for no olhgr purpose. To the fullest extent pemiitted by law. we do not accept or assume Tesponsibilty to anyone other than the ¢haritalle company and the charitable eornpany's members 0$ a b. for our audil work, for this report, OT forlhe opinions we have fomied. Mayur C Th•kkar FCA IS•nior Statutory Audltorl for and on behalf of MCT Partn•rship LLP 27 December 224 Chartered Aecountnts ststutoryAudltors I Wamef Hous Harrow8n Busine88 Vllage Bessborough Road Harrtrw Middle8eX HAI 3EX
THE SPIRITUALIST ASSOCIATION OF GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestrict•d funds 2024 Totsl Tot1 2024 2023 Not• In¢om• and •nd¢)thTh•nts from: Donations and legacse8 Charitable actiMIi85 Investments Other inc4Jme 10.480 59.126 2.039 10,480 59.126 2,039 114.011 49,B85 1.079 Total in¢¢)me 71,667 71,667 164.975 Eyndltuffe on: Raising funds 54,118 54,118 48.527 Core activities 160.541 160,541 137.096 Total •xpondilure 214.659 214.659 185,623 Net gainsl{lo$sesl on invements 13 423 423 (51 N•t mov•ment in fund* 1142,5691 (142.S691 120.653) R•¢oncili•llon of funds: Fund balances al 1 April 2023 2.909,063 2.g0g,r3 2.929,716 Fund balances at 31 March 2024 2,786,494 2.766,494 2,909,063 Th& stalemerrt of finan¢ig1 actpiibo$ Indudes all gains and losses rÈcognistd in the year. All nme and expenditwe derive from ntinUIng a¢tThiities.
THE SPIRITUALIST ASSOCIATION OF GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET ASAT 31 MARCH 2024 2024 2023 Note# Fix•d as¥•ts Tangible as$8ts Investments 15 16 2,479.643 3,265 2,$21,629 2.841 2.482,908 2,524,470 Current assets Stock Doblors Cash al bank and in haThJ 17 18 147 495 312,838 351 7,027 412,350 313,480 419.n8 Credltors: •mounts falllng due withln ono y•ar 19 129,894) 135,1351 N•t ¢urr•nt ass•ts 283,586 384.593 Total 0$$gts les5 ¢yrr•nt Ilabilitie¥ 2,708.w34 2.909,063 In¢4)mg funds Unreslrided funds- gèmral 2,780.494 2,909,063 The 8¢¢ounls were approved by the Twstoes on 28 December 2024 MrT Trusts• Company Rtyl$tration No. 00086844 10-
THE SPIRITUALIST ASSOCIATION OF GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Nots¥ Cash flows from tsrating a¢tlYltles Cash labsorbed byllgènerated from opethons 23 <101,5511 21,483 N•t u$h oufflow Irom apèrating a¢tlvltles 1101.5511 21,483 Investlng acllviti•$ Investment InM9 received 2,039 1.079 N•t cash gÈn•rattd from in¥•stlng •ctivities 2,039 1,079 Net ¢••h u80d In finan¢lng athiiio• Net Idecrèas•llin£rease In cash and cash 8quival•nts 199.5121 22,562 Cash and equivalents at begirN)Ing of year 412.350 389.788 Cash and cash equlvalents at •nd of year 312,836 412,350 11
THE SPIRITUALIST ASSOCIATION OF GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 A¢¢ounting pollcie¥ Company IDfomwtlon The Spirituali51 A$socAation Of Grèat Brilain is a prNate Company limited by guaranlee incorporated In England and Wales. The règistered office Ss 341 Queenslown Road, Battersea. London, SW8 4LH. 1.1 A¢¢oynting Convèntlon The financial statements have been prepar8d in accordance with the Companies Act 2006 and "Ac¢ounting end Reporting by Charities.. Ststemenl of Recommènded Practlce applicable to ¢haritie5 preparing the(r 8c¢ounts in 0rdanC& wAh the Fin•1 Réporting Stsndard applicable in tha UK and Republ of Ireland (FRS 102) leff$dive 1 January 2019)" The ¢harity is a Publi¢ Benefrt Entity as dofjned by FRS 102. The financlal statemfjnts afy prepared sterting, which is the fvnctional rrencY of the thafity. Monetary amounts in these finando18latements are rourlded lo th• neare$l £. accounts have bten prepad on the historical cL)nvenlion, modified to include thé revalualion of cert¥it) finandal instruments al fair v8lue. The principal accounting pollde$ adopted are set out below. 1.2 Golng ¢•ncem Al the timo of approving the fin8n¢lal statements. the Iwsteès have a reasonab expectallon that the ¢harity has adequate iesourcs lo continuo in operational existence for the foreseeablè futuro. Thu5 the Iru5tees ¢XJntlnue lo adopt the going ¢oncm basi$ of accounting in preparing tho financial stslements. 1.3 Chrltsble fund• Unrestricted funds are available for use at the discretion ol the Iru$lewJ in furtheranc of th9ir charitable cl)jth'ves unle$$ the fvnds have been designated for olhgr pU0$e5. 1.4 Incoming Y•source• Incom¢ compris?$ of memborship subs¢*ln$. donations, l&gacAes and other Irarne arising from the arity's actitieS. Income from trading activities is staled nel of VAT. Al Income is ro¢ognised when amounts can be measured reliably and11 1$ probable that the Inoome will b8 r8ceive<l. 1.6 Resour8 expend•d The costs of generating funds 15 8118xpenditure incurred on raising funds to ffinan charitable aCtMts. Ch8ritable expenditure mlse$ of all th• eyndilure invJrred in meeting the th¥rilat4e oblgcts, induding cxJsI ol management, administration and Cornplian with ¢onstitutMal and statutory requlremenls. All expenditure is rewgnised in the period in whoth it is in¢urred. 1.6 T•nglbl• fix•d assets Tangible fixad a58els are inTti8lly measured at cosl and subsÈqu8nUy measured al cost or valuation. net of depreciation and any impairment h)sses. Tangibi8 fixed assets are 5181èd at cost l¥ss depreciation. Dèpraciation is provided at rates ¢al¢ulaled to writè off Ihe ¢ost les5 estimated resSdual valuè ol each asset over ils expected useful life, a$ follows.. Freehold propety FiKiures, fftb"n9s and equipment Computer equipmènt Slraighl fine over 75 years 10% straight line 20% straight li 12-
THE SPIRITUALIST ASSOCIATION OF GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FQR THE YEAR ENDED 31 MARCH 2024 AOntIng pollcles IContinu•d} 1.7 Stock Stock is stated at the lower of cost and net realisab]e Va8. Nel re81isable valuo 1$ the estimaled Se19 price less all estimated costs of tmpletiOn. IA Fln•ncittl In•truments The Charty has elected lo apply the prowsions of Se¢tion 11 '88$ie FinancSal Instrum8nts' and Section 12 'Other Finanaal Instruments Is6uo$' of FRS 102 to all of Ils financial instruments. 889ic financlal Instrumènts are in>tially recogni at transaction ue aThJ subsequenlty masured at their settlement value. Bask finan¢lo1 assets Bas financ4al assets. whlch Indude debtors and cash and bank balances, are Snilk71ty measured al Irans8cllon price induding transaction costs and are subsequenlly call at amortised cost using the eff8Ctivo interest method unless the aangernnI constilutès a fin8nang transaction. where the transaction is measured al the presenl value of th8 future r¢ceipls dSscounted at a mafket rate of irrterasl. Fin¥ncial assets a$sffied as receivable within one year are not 8m¢)rtised. Dern¢ognltlon of financll assets FSnancAal assets are erenised only when the CntraCtUal rights to the Cash IIow5 from th& asset expire or are settled or when the etharty transfers the financial ass&1 and substantially 811 Ihe ii$ks and rewaTd5 of ownership lo 8ncther errtty. or if some signific8nl risks and rewards of ownership are relaingd but control of the asset has Iran$ferred lo another paty that is able 10 sell the osset in its gnlirety lo an unrelated thlrd party. Ba81¢ ftnanclal li•bllllle 88si¢ finanal liabilities, inclLKling creditors are initially recognised at transa¢tion pwK8 unless the artangfjment consttlules a financAng transaction. where Ihe debt Instrument Is measured at the present value of the future payments discounted at a market rale of interest. Financial liabilities dassified as payable within one year are not amortised. Trade ¢reditor5 are ¢*bligations to pay for good$ or $eMC05 thal have been a¢qL5ired in the ordinary course of operdtion$ from 5uppli&rs. Amounts payable are dassified as current labilities rf paymènt is due within one year or lèss. If not, they are presented as non-cufTent liabilities. Trade creditors are recognis&d inibalty at transaction price and subsequenlty measured at amortised cost usirwJ the effective interest method. Dèrncognltlon of finan¢lal Ilablliti98 Finan&al liabilities are derecogni$ed when Ihg charity$ contractual obligations oxpire or are discharged or cancelkd. 1.9 Employ•• bonofrts The cost of any unused holiday eniuemgnt is recognis8d in the perfod in which the ompkjyee's SeIce$ are r9ceived. Terminallon banefils a recognised immediately a$ an expense sthen Ihe ¢harfty is demonstrab ¢ommhled lo terminate the ernployment of an employee or to provide termination benefits. 1.10 Rrn•nt b¢nefits Payments to defined contribution r•ltrement ¥d)em arè charged as on exp8nse as they f811 due. 13-
THE SPIRITUALIST ASSOCIATION OF GREAT BRITAIN IA COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Crltkal #¢counting tIMat•8 and judg•ments In Ihe application of the charl$ a¢counling polKies, Irustees are requlred to makejudgam8nl$. estim3t•$ and assumptions abo the carying amount of assets and Ilabtlities that are not adity apparent from other source5. The èslirnates and associated assumptions ale based on historical experiertt and other factors that are considered lo be relevanL Actual re$ults may diffef from these estimates. The estimates and underfying a$sLtmptions are rewewed on an ongoing ba$i8. Revisions to accnting estimates are rewgnisgd in the p8riod in whh the estimate is rewsed where the revision affects onty that period, or in Ihe period of the r6vision and future periods where the revision affects bolh ¢uNenl and fulure periods. Useful lil• of fr••hold prop•rty The useful Irfa of freehokl propety ts dglermined by Ihe trust$ and refie¢t the chartys history of generaling Incx)me from charflable activities. Donatlon8 •1 l•g•cl•s 2024 2023 Donations aThJ gifts LogacAes ieceivable 6,515 3,965 4.316 109,695 10,480 114,011 Charftabl• •¢tl¥lUo8 Actiwti&s Private Induding slttings with workshops and medium8 demonstrotior Totsl Total 2023 Incomlng resou$ within charitable ¥dMlies 25.345 33.781 59,126 49.885 Inveslments 2024 2023 Income from lisled investments Interest receNable 129 1.910 971 2.039 1,079 14-
THE SPIRITUALIST ASSOCIATION OF GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 0th9r Income Unrestrictsd Unmtrl¢tsd fund# nds genernl g•nral 2024 2D23 Royallles 22 R•lslng fvnd Unr¢stslct•d Unrestrl¢t•d fund8 fvnd$ gèneAI gen•rnl 2024 2023 Fundr8isin and ublicrt costs Staglng fundiaislng events 2,078 Mediums. faes and other related costs 52,040 45.192 54,118 48.527 Charltabl• athlties 2024 2023 Staff costs Depreu8lion Rates Insurance Repairs and maintenan Postsg¢ and stslionery Telephone Compul&r aThJ website expen6e$ Sundry èxpenses Bank charges Light and heat 57,813 41.986 5.222 7,370 9.816 36,234 42,3C6 4.880 5,890 435 8,062 3.445 744 2.641 4.925 6,385 3.180 243 2.815 5.648 140.624 114,136 Sharg of 9ovemance costs {see note 101 19.917 160,541 137,096 15-
THE SPIRITUALIST ASSOCIATION OF GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 movemènt in funds 2024 2023 The nel movement in funds is Staled 8fter Chargiwuediting): Fees payable for the audit ofthe ¢harity's f5nanaAI statements Depreciation ofowned tangiblè fixed assets 10,000 41,988 8.000 42.3C 111 Support ¢osts Support GDv•m•nc• cotsts o$ts 2024 2023 Basts of •lloGation Audit fees Legal and professional 10,000 9.917 10.IKJO 9.917 8.[ Govemance 14,960 Governance 19,917 19.917 22.960 Ana$ b¢een Charitsble activities 19,917 19,917 22.960 11 Truste Remuneration amout)ting to £33,150 12023.. £35.3601 was paid under an employment contract to Mf K Duncan-morris. Payments arnounting to £7.455 {2023.. £6.295) in the ordinary coutse of bU$e$S were mad¢ to Mr T Tasker, who 1$ a trustee. Expenses totalllThJ £Nil 12023: £543) were reimbursed to the Irustees durlng the year for charitable expenditure incuffed on behalf of the charity. 16-
THE SPIRITUALIST ASSOCIATION OF GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR ThIE YEAR ENDED 31 MARCH 2024 12 Employ••• Number of •mployees The average month• number ofempFoyees during fv yearwas.. 2024 NuMr 2023 Number Administration and Manag•m¢nt Employm•nt ¢08ts 2024 2023 Wages and salarie8 Staff pension costs 58.538 1.275 35.360 874 S7.813 36.234 The above èmployment costs indud9 £73 (2023 .' £Nil) of employe¢8 National In8urance conlribullons nel of the employment allowan. There were no empby88s vthose annual remunerètion was £60,000 or more. 13 Net movement on valuing Investmont• athlr value 2024 2023 R8valualitin of inve8tments (423) 14 Taxation The charitable cornpany is exèmplfrom coratIOn lax on its chaiitable oc1bvitie5. 17-
THE SPIRITUALIST ASSOCIATION OF GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 hlARCH 2024 1S Tanglbh fixed assets Fr•ohold property Llbrnry Fixturts. Gomputor fittlng$ and •qulpm•nt equipm•nt Tol41 ost At 1 April 2023 2.861,384 2,505 59.987 4,104 2,727,980 At 31 March 2024 2,861,384 2,505 59,987 4,104 2,727,980 DeprKlailon and impaimient Al 1 April 2023 Depre¢ialion charged in the year 168,543 35,486 2.505 31,774 5.998 3,529 502 206,351 41,986 Al 31 Mar¢h 2024 204.029 2.505 37.772 4,031 248,337 ¢aTrylng amount At 31 March 2024 2.457,355 22,215 73 2,479,643 At 31 March 2023 2,492.841 28.213 S75 2,521,629 16 Flxed asi•t Inv•stments Ll$t•d Investm•nts Cost OT valuatitsn At 1 April 2023 Valuation changgs 2,841 423 Al 31 March 2024 3.264 C•rylThg amount At 31 Mar¢h 2024 3.264 Al 31 March 2023 2,841 17 Strfk 2024 2023 Goods for resale 147 351 18-
THE SPIRITUALIST ASSOCIATION OF GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 18 Debtorn 2024 2023 Amounts faling dut wlthln one year. Prepayments and acenl inrne 495 7.027 19 creditors: amounts falling du• wlthln one yoar 2024 2023 Othgr taxation and social secajrity Trade creditors AccTuals 5,604 14.075 tO,215 20,339 10,127 29,894 35,135 20 Operating l•as• MMItMents At Ihg year end the company had outstanding commitments for leasè payments amoLtntrng to £10,32512023: £13,766) for non-canceMabl* QFeraling leases. 21 Control The company is limited by guarantee. tKII haviig a share c8wtsI divided Into shares. In the evenl of the cxjmpany being wound up. every member undertake8 to C4Jntribute a sum not exceeding 25 pen¢8. The number of mombers at 31 March 2024 were as follow5.. 21124 Numb•r 2023 Numbgr Lrfe Members Other memb• 249 87 333 309 22 R•14tsd party transactiom Remun•rallon of key managemgrrt p•rsonn•l The remLtneration of key management personnel was as foll¢)ws.' 2024 2023 Aggregate iemuneration 33.1S0 35.380 19-
THE SPIRITUALIST ASSOCIATION OF GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 23 Calh (absorbed byVgenerat•d from operation• 2024 2023 Deficil for the year (142,56 (20.653) Adjustments for. Investrnenl income recogni$ed In statemènt of finant481 a¢tivbtses Fair valug gains and losses on inStents Depreuation impainnent of tsnglble fwed assets 2,039) {4231 41.986 11.079) 42,306 Movom•nts In workkng capital: Oecrease In stock Decreasel[Incr8ase) In debtors (D8¢aSe111n¢r8ase in credtiors 1.507 {2,700) 2,097 8.531 15.2411 Cash l*b•orf)ed byiiyngrnt•d from op•Atlons 1101.5511 21.483 24 Audltorn. Ethlcal Standard# In common with many charTtlos of our slze and n8ture we use our auditors to prepare and submm returns lo the tax authorities and assist wslh the preparation of thè financial $latemenl8. -20-