Charlty Reglfjtratlon No. 225466 Comp•ny R•gistration No. 00086844 (England and W*lo51 THE SPIRITUAUST ASSOCIATION OF GREAT BRITAIN IA COMPANY UMITED BY GUARANTEE) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
THE SPIRITUALIST ASSOCIATION OF GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION Tru8t¢es Mr T Tasker Mrs H Smilh Mr K Duncan-morris Ms T Czemiawsk Charity numbèr 225455 ornpany numb•r 00086B44 Principal addrgss 341 Queenslown Road Battersea London SW8 4LH RegiJtsvod office 341 Queenstown R08d Battersoa London SW8 4LH Audltovs MCT Partnershlp LLP Chartered Accounlanls Statutory Audili)ts 1 Warner House Harroan Business Village Bessborough Road Harrow Middlesex HAI 3EX Bankers The Royal Bank of S¢oUand London Belgrama Branch 24 Grosvenor Place Londc SW1X 7HP
THE SPIRITUALIST ASSOCIATION OF GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE) CONTENTS Pag• Trustees. reF¥Jt Slalemenl of truslee¥' sponsIbl188 Independent auditorf$ report Statement of finala1 actNiti8s Balance sheet 10 statement of cash ftows 11 Notes lo the fin8nrAal statem8nts 12-20
THE SPIRITUALIST ASSOCIATION OF GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustees are eaSed to present their report together with the finarKial statsments of the tharity for Ihe year ended 31 Marth 2025. The financial statements have been preparad in accordance with the accounting policies set out in notè 1 to the financ4818lalemenls and comply with the eharity's Memorandum and Articles ofAssocAation, the Companies A 2006 and 'Accounling and Reporting by char$". Statement of Reconwnended Pradice applicable to charilig$ preparing their accounts in ¥¢cord8nee wrth the Fin8nei81 Reporting Stsndard applicable in the UK and R8publio of Ireland IFRS 102) (effective 1 January 2019}" Objecti8 and activiti•$ Th8 object of th& charity is the promotitin and advancement of spirrtU81Ism. To a¢hie this Th• SpirilualistAssociation of Great Britain.. -Offgrs evidgn¢e. through mediumship, of the continLRtion of the personality afier physica dath relieves suffering through spiritual healing. Prowd¥$ religious and healing semces to the general public. -Inv8stigates phy5iGal. spiritual arKI mgdiumi$ti¢ phenomena induding regression. second sight, ts8n¢e healing, and all matters of a kindred nature, and usès the knowledgé gained accordingty. -Helps sbjdents and enquirer5 in their studie5 and researth wilo spiritual ¢Jo¢trinos and all or any of the matters alroady mentioned. -Produ¢e$ a magazine. which contains infomiation with respect to all or 8ny of the matters 8lrgady mentioned. -A$sociales with olh¢r voluntsry organi$ation$ in a common effort lo promote spiritualism. We are currenily open to the publ1¢ Monday lo Sunday 11=45am to S.3Clpm and OLtr phone lines are open * the same time. We offer indmdual consullalion5. group and audien¢& participation. Our Spiritual He#ling Clinics 8re open Monday lo Sunday al our centre, and also Monday, Wednesday, and Friday online. hjl our Healers have to do training over 2 years to become fully approved Healers of S.A.G.B and wo ore boknng into eslabli5hing links wf(h major Hèaling organizialions. We offer fv40-year Training Programmos. provKling development in all areas of mediumship and a greater understanding of our philosophy and knowkdge of spirituality. We prowde ovid$n¢¢ f)f surviv81 after death through our experienced mediums in private one lo one sitting$ and daily public dèmonstrnts"ons. Also provid• prwate Healing wnsulth'ons. We will be putting together 8 training wogramme for approved Healers to train as Tutors after they have at least 2 years as a full Healer. Our non41enominational Divine ser¢é every Sunday is open to all. We offer a growing training and educational programme for fvrther development to everyone through da88es and independent practieal open Circ5. Wè Ère now offèring Animal Healing clini whith run tivKe a month folknwed by animal frKgndty Demonstration of Medlumshlp. We have now many new activibes, which will indude speThalisl exhibillon$. lectures and publishing. Our mgmbgrs will b& en¢ouraged lo take part in many of these actiwlies. Creating a rrial hist¢)ry from the memories of m8mbeTS that have supported us over many decadas will be ono of m8ny obiectNes. Public benefit The principal a¢tivbtie$ of th& chaTiy during the year continued to promote 5pwitual, religiou$ hgaling services to its m@mrS and general public. The trustees are aware of the Chanty cnmIsSl guid8nce on public benefrt reporting as sel out in Seetion 4 Charities Act 2011. The trustees believe that th8 chaiity athitrvg$ a public benefrt by ptoviding theso s&rvi¢o$ as detailed in the Objectwes and activities section of this p0 Achiovements and porformanco The ¢harily has conlinued to prowde its wide range of Spifltual, religious philosophy and h•ofing $orvS to its members and tho gèngral publ. It welcomes all creeds and religions.
THE SPIRITUAUST ASSOCIATION OF GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Th8 rang8 of seTrices Ilud&S the propagation of spiritual philosophy, privatg sittings, which are face-lo-faco, by telephone or Zoom, public dgmonstrabjns of clalryoyan¢e, psychic art dèmonstrations, psychomelry demonstrations, ¢Jay dasse5, workshops, meditation, Spiritual counselling. non-denominational div#ie Sunday service, bewvement support cirdes and spiritual healing. Spirit Animal Circle Some of these servi¢es are now available by Z¢)om. a donation is asked for the divine seM¢È and s'rItUal healing. There is no charge for the bereavement sUprt cArd•. WOII be looking at ways lo develop Pain management dinics, Well being Clinics and other spe¢alist Healing wrth appwiLx)i8te qualified people. We are loong lo estsblish conntsdons wlth the wider community and charities lo offer Healing in Hospitals and ptsssbly Care homes. The charill8 Website Iwww.sagb.org.ukl ¢onlinues lo enable it lo reach a wider spe¢trkJm of people a¢ross the country and 1nleinalional. 11 is a very important tool in publidsing the charity, its mediums and it5 day-to-day activities. The charity plans to e4)ntinue hs athilies as ouuined above in the forthcomlng years. This will in¢lude finding W8yS to ensure that it is always 4¢¢e$sible to those wanting lo use the charity'$ seN¢es and maklng c*rtain that it provide$ th•s8 SeiceS in an effiuent way. The Trustees are aayS mindful of thè need to maintain the reputat oflhe tharity through the splrKual sgrvvs that il provldg$. Flnancial review and rfsk asse#Jment The trustees 8¢1ivèty review the major risk$ facing the chawity throughout the year. Procgdures have been established for idenltfying signifunt risks and d9veloping and implomenting slrat8gie5 to mitigate suth risks. We have now had the chatKe to bok at the k)¢al area and thus obtain a grèater uThJerstsndlng of h)cal communty- We ara endeavtsring to introdLfk tutors that 11 reflect on OUT local neod$ as well as conlinuing to offer bereavement support, medttation and healing clinic5. The opening of the Northern tube at Battersea power gives people an additional access of travel which is only 8 10 mins walk away. We are also includin9 projects and offering SUPPOrt from aCrted counsellors and support groups for paople dealing with illnesses. We are currently attracting a wider audien¢e lo the adNitie5 w& offor of both young and maluTe people as well a$ a wider cultural community. We tske on board the needs of our members and on¢ourage their input so that tha Assoaalion me•ts the demands of all who use us. The Sunday Se is now both from our property and also on Zoom, which enables peOe from all parts of the country and drfferent country's lo attend. The charill$ balance she81 has ¢a$h raserves of £242,80612024'. 312,838} and nel assgts of £2,628.57012024'. £2.766,494). Thè trustee5 believe Ihal these fiJnd5 will be sufficAent in meethng th& Charity's frjlure n¢eds and also believe that this level of re8ervos is necessary to cover any liabilities or contingencigs which m8y arfse in the future. Tho trustees have assessad th• Ma)r risks lo which the charity 18 expos¢d, aThJ are satisfled that systems a In place to mitigate eyposure lo the major iisks. Fulur• plan8 We ars exploring parlnerships with local charities to offeT space for meellngs. as well as promde inItl support and resources wrthin the community. This cdlaboTation would enable the Asso¢ialion lo 8nhan¢e rts presence IDcally, potentialty linking it wlh our fyxi$thng healing clinics. Additionally, such partnerships could offer opporlunities for fLWther training, allowng our healers lo specialise in areas that dirgctly nerrt the local community, as identified by the chadty. could offer Se¢¢eS in pain management therapy, talking therapig$, and end-of-life support, including thè Work of death doulas. Several of our healer5 aladY hold qualifi¢alions as counselors and soeial workers. This initiative would also allt)w us to provide additional support to our h8abrs, enabling them to exp8nd their education, obtain certtfications, and gain further experience in these critical fièlds. On a so¢i81 lèvel, partiJIa during the winter months, we host ffee momings to fosler conne¢tions within the communty. This nrtiative wrjuld offer people, 8$p8cially in times of economic hardship, a bettgi understanding of and acce85 to tha seN1$ we provide.
THE SPIRITUAUST ASSOCIATION OF GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONnNUED FOR THE YEAR ENDED 31 MARCH 2025 Gwen the growing local ojmmunty. we $08 an opportunity lo extend our operating hours to aCmmOdate evening access, espeu8lly for those who work during the day. This extension could cater to indmduals who may otherwise )Ind rt drfficuli lo attènd during Iradibonal hours. As education continu&$ to grow in importance, often surpassing even city rghtle in lenrs of engagement. Wg believe offering evenlng services would be a valuable resour¢g. This eypan81on Could also indude 8ddibonal programming such as demonstrations, le¢lvrÈs. hèaling clinic*. and professional ¢Jevel(4)menl opportunities. In addition, we could incorporate new events, indu(ling book launches. author reathng3 and stynings, open rnic nights lor music, writing, poetry. and art, as well as comedy events. These activities would fostgr a greater sense of Iximmunity and promde a platfomi for indivN1uals lo show(zse their creative lalenls. also aim to continue hosting intemational OTgani$alion$. such as the partnership wth Brazil, which ha$ expandèd this year to indude le¢tures and debates. This inrtiative helps promote a degper understanding of diverse spiritual practices that share common roots. further strengthèning our global ¢onn8ctions. In addibcrt). wo are exploring way$ in which mus5¢ 8nd art can as$i$t in mental wellbeing by eslablishing an SAGB Choir and ontacting univarsities thal are invthed in tho Offe of art on relaxing th¥ mind. Stru¢tUV•i governance •nd managgmont The Gharty is a company limtted by guarantee. The Irusl&&s. who ar8 also the dilgctors for the purpose of rAmpany law. and who served during the yeai and up to thè dale of signature of the financi818talem8nts wére: Mr TTasker Mrs H Smilh Mi K Dun¢an-Monis M$ T Czerniawsky Nmo of th¢ trustees has any bttnefidal Snlerest in the mpanY. All of the Iruylees are m8mbers of the ¢ompany and guaranl¥e to c0t)tritrrte 25 pence in the event of a wndlng up. A Board of Trustees of noloss than 3, who meet regulady throughout thè yèar. administers tharity- Under the Memorandum and Attycles OfAssocial?n, the tru$legs have 51alulury powers of investment. Audltor In accordance with the companls artl¢les. a resolution pr<)posing that MCT Partnership LLP be reappointed as auditor of the Gompany will be put Ot 8 Ggnoral Meeting. Dl$clo8ur• of Inforniatlon to audltor Each ol the Iryslees has confirmed that there 15 no infom)alSon of which they are 8warg which is relev1 to the audit, bul of which the auditor IS unawarè. They have fvrther ¢onfim)ed that they have taken appropriate steps lo identify such relevant information and to establish that the auditor is aware of such Informal10n. Tho truslee5' report was approved by the 808rd of Trustees. MrT Thistee Dated.. 23 December 2025
THE SPIRITUALIST ASSOCIATION OF GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The trustees, who are also the directors of The Spiritualist Association Of Great Britain for the purpose of company law, ale SponSible for preparing the Tru$lees' Report and th8 accounts in accCd8n¢e Mth applicable law and Unrted "ngdoM Accounting Standard8 IUni18d lfjngdom Generally Accepled Accounting PTa¢ti¢•l. CoMpY Law re¢wire$ th8 trustees lo preparè account$ for each finanual yéar whKh give a Iwe and fair wew of the stsle of affairs of the chty and of the InMing r8$ources and apFAication of rosources. induding the income and expenditur8. of the charitgble Company lor that year. In preparing these accounts, the trustees are required to.. - select suitable accounting poIleS and then appty them wnsisientty.. - ob$eNe the m8thc*Js and prin¢iple$ in the Charities SORP." - make judgements and estimates that are rgasonable and pwdsnl; stale whether appli¢able UK Accounting Stsndards have beén lonowed, sufye¢t to any material deparlur•s disclosed and explained In the aGcounts', and Ppare the accounts on Ihe g06ng COnM ba61s unb$$ is inapFffopriate lo presume th81 the Charity will continue in oporalion. The Iruslees arts responsible for keeping adequate accounth'ng re¢ords that disclose with reasonable accuracy 81 any lime the financial position of the charity and enable them lo ensure that Ihe ar%ounts ¢ompty with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and henGe for taking r••xinable steps for the prevention and detection of fraud and other iegUritI8$.
THE SPIRITUALIST ASSOCIATION OF GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE SPIRITUALIST ASSOCIATION OF GREAT BRITAIN Oplnlon We hav8 auditod the financi•l $tst8ments of The Spirilualisl Association Of Great Btitain (the 'chty? for th9 year ended 31 March 2025 which comprise the slatemanl of financial activities, the balance sheet, Iho stslement of cash flows 8nd the nots$ lo the financial stslements, including a summary of si9nthcant aoUnting poliaes. The financial reporting framework that has been applied in their preparation is appli¢able law and Uniled KiNgdom Ac¢ounting standards, including Financial Reports'ng Standard 102 The Financial Reporting Standard appli¢able in the UK and R8public off Ireland (United Kingdom Generally A¢c8Pted Accounting Practice). In our oplnion. the financial statements.. give a true aNJ fail viw of the state of the charitablg compan$ affairs Bs at 31 March 2025 and of its in¢oming resources and application of resoures, in¢luding its income and expgnditure, for the yftar then ended., have been prOrtY prepared in accordance wlth United Kingdom Generalty Aepted Accountiro PractieÉ.' have been preparod in accordance with the r•quwwnents of the Companie$Act 2C¥]6. Bas18 for oplnlon We conducted our audll In aCrdanCe with Inlemational Standards on Auditing IUIQ (ISAS IUKII and applKable law. Our rosponsibilities under those standards are further déscribed in the Audrtorfs sponSI.111Jes for the audrf of tlTre financial statements seelion of oyr report. We are independent of th6 charity in accANdance wth the ethical requiiements that are rel8vanl to our audit of the finan¢ial stat8m8n15 in ihe UK, in¢luding the FRC'S Ethical standard, and the provisions availabl¥ for small entities, in Ihtr tyr¢umslances sel out in note 24 to the finan¢lal statements. and we have fulfilled our other ethical responsibilrtles in 8rdance wlh thèse requireThents. We belydve that the audil evid&n¢g wo have tsbl8ined is sufficlonl and appropriate to provide a b8sls for our Opbnion. Con¢luslons relallng to going ¢oneern In audrting Ihe finanual slatemenls, we hav& ccffiduded that the trus1g¥$' u$e of the gcAng concem bas of occounling in the preparalion of the financjal Slalemènts is appropriate. 88sfjd on the work we have performod, we have not identifiod any material unirtainties rd81ing to events or corKlilions Ihat. indiwdually or ¢ollécbvely. may cast Signthcanl doubl on the charity's ability lo continuo as a going ncem for a period of at least e1ve months from when the financial statements are authorised for issue. Our responsfjbilrtbs and the responsibilhies of th8 trustees wilh resp1 lo going conceTn ar• described in tho ro18vanl sethons ofthls pOrt. Oth•r Infommtion The other informatSon ¢ompri$es the infom81ion induded in the aMu•l port other than the finanaal stalemenl$ and our audilorfs repDrt Ihereon. The trustees are r•sponsible for the other infomation conlaine¢J within the annu81 report. Our opinion on the finaneial statements does not wver the other infomiation and, except to the oxtenl otherwise explicfdy ststed in our report. we do not express any form of assuran conclu5iOFI Ihereon. Our responsibilty 15 to read the other infornalion and. in doing so. consider whether the other infomathon 1$ materially In¢on$islent wrth Ihe fmancial sts19ments or our knowledge obtained in the course of the audit, or otheise appears lo be materially misstated. If we identify such material in¢on$istencies or apparent material misstatements. we are requr8d to detemiine whether this gNes rise to a material misststement in the financlal stslements themselves. If, based On thg work we have performed, we nCJde Ihat there is a m3t&rial misslalement ol this other inform8tlc. we are required lo report that fact. We have Ithing to report in this regard.
THE SPIRITUALIST ASSOCIATION OF GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT ICONTINUED TO THE MEMBERS OF THE SPIRITUALIST ASSOCIATION OF GREAT BRITAIN Oplnlons on other m•tt•rs prescribed by the Companle• Act 2006 In our opinion, based on the wotk undertaken in the course of our audit.. the infomiation given in the trustees. report, which indudes the diTe¢tors' report ppared for the wrposes of ¢ompany law. for the financial yèar for whid) th& ffinancial statements are prepartrd is nsIStenI with th8 financial stat&rnents'. and the directors. report Thithde(I VAthin the tntstees, r8POrt has been prepared in accordan¢s with applicable legal requirements. Matters on whleh wè aro required to r•port by exceptlon In the light ol the knowledge and understanding of the charity and ts environment obtained in the course of th audit, we havè not identified material misstatements in the difg¢lors' report inclu¥Jed wthin the Irusteg$' report. We have nothiny to report in respect of the fOlknng matters in retation to which the Companies Act 2l reqwres us lo report lo you if. in our opinion.. adequate accounting records have nol been kept. or returns adequate for our audit have not bgen received from branches not vi$it8d by u5,. or the finanual statements are not in agreement wilh the accounting re¢ords Bnd returns,. or cortsin disdosures of trustees, remuneration sptr¢ified by law are not mado., or w8 have not received all the information and eXanatiOnS we r•quir8 for our audit. Respon¥ibililio$ of trustees As sxplained more fully in th• statement of trustees. responsibilities, the trustees, who are also th8 dirtr¢tors of the ¢harity for the purpose of company law. are responsible for the preparabon of the finaniyal stst8ments and for being satisfied that they give a true and fair view, and foi sud) inlemal ¢ontrol as the trustees determine is ne¢gssary to enable the preparatn of finaneAal statemen18 th818f6 free from material misstatemerbt, wh$lher due lo fraud or error. In prep#ring the financial slalements, the trustees are responsible for assessing th& charity's ablity to continue as a going concem, disdosing, as applicable, matter5 related to going concem and using the going COnM basis of accounting unles5 the trustees either intend lo liquidate the ¢haritable company or lo cease operathons, or have no realistic aeMallY• b(rt lo do so. AudiloV• r•spon$ibilEtle$ for tho alIt of tho financial statements Our objectives are lo obtain reason8ble assurance about whether the finanal 8t8lem8nts as a whob 8r¢ free from material misstalem8nt. whether due lo fraud or error. and to issue an auditorfs rep(>rt that includes our opinion. R8asonable assurance is a high level of assuran but is not a guarantee that an audit conducaèd in aco)Tdance with ISAS (UK) wll aayS detect a material misstatement when it est$. Misslatem¢nts can arise from fraud or error and are considered material rf, individually or in the aggregate, thay could rttasonabty be expected lo influenc8 the e¢oncrfnic decasion5 of us¥r$ taken on the basis of these financlal slatem8nt8. Irregularities, includiThJ fraud, are instaeS of non•compliance with laws and ragulations. We desi procedures in line with our responsibilitses, oulb.ned above, to deted material misstatemtrnls in respect of irregularities. inclu(fing fraud. The extent to which OUT pro¢edures are capable of detecting iffegularibes, including fraud, is detailed below.
THE SPIRITUALIST ASSOCIATION OF GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF THE SPIRITUALIST ASSOCIATION OF GREAT BRITAIN Extrnt to whleh the audit was considored capablo of dotscting Irrngul•rftla$. Including fraud Our approach to identifying and assessing the rfsks of material rnisstslemenl in resped of irwuLarities, iluding fraud and non-mplIance wtth18ws and reguLations. 1$ detailed b810w. We obt¥ined an under8tandlng of the legal and regulatory framework that tha company opgrate5 in, and identiffied the key laws and regulations applicable lo th• company through di8$S1Ong with (thrgclors and management. Wo focused on specffic laws and regul*ions which we consider to have a malewial 9ffe on the finanryal statements or Ihè operations of the company. induding the Companies Act 20(, Charits'es A¢1 2011. taxation legislation, data prot8)n. anti-bribory, money nderiNg, employment and health and safety legislation.. Vve obtsined an jarStan(Ing of how the company MleS wrth thesè requiroments by discussions with directors and management,. Vvo assessed the risk of material misstatement of the finantial statements, induding the risk of matsrial misstatement due to fraud and hcw it might 0¢r, through discu55ion$ with directors 8nd management. Based on this und9r$tanding, we designed specific appropriate audit procedures to identify inslwces of no cornpliance with laws and regulations, these arè detailed below. Enquiry of managemenl and th080 Chargad with govemanc• around adual and potential Imgafjon and daims.. EnquSry of entity staff in tax and compliance fvn¢tions lo idenlty any instsnces of non-compliance wlh laws and wgulalions-, Reviewing minutes ol Meetings ofthose charged th govem8nce', Reviewing ffinal)al Ststemenl disdo$ures aThJ testing to $upportin9 docurnenlallon to asse88 )MplianCe with applKable laws and regulation8- Audtting the risk of management override of ¢ontrols, including through testing joumal entries and other adjustments for appropri8tenes5, and evalu81ing the bu5ines5 rationale ¢)f signrficanl transactions outside th& nomial course of business.. Use of anatytical procedures lo Identify any unusual or unexpected relationship$. There are inherent limitatS in our audlt pro¢edures describ¢d abov8. Material mis$tal8ments that arise due to fraud ¢an be harder lo detect than those that ari$& from error as they may involve conwlmant or colluslon. A further dascription of our responsibilities is available on the FinanrAal Reporting Councll'8 website al.. htlpsjl w%Yw.frc.OTy.uklauditorsresponsibilili¢$. This description form$ part of our audiiofs r9PQrt.
THE SPIRITUALIST ASSOCIATION OF GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF THE SPIRITUALIST ASSOCIATION OF GREAT BRITAIN Us• of our report This report is made soleEy to the ¢haritable ¢omp8nYs members. as a b(Kly, in acrdance wNh Chapter 3 of Part 16 the Comp8nlesA¢t 2006. Our audit work has beèn undertaken so that we might stale lo the ¢haritable company's members those matters we are requir*d to stale to them in an auditor's report and for no other purpose. To Ihe fullest extent permitte(I by law, we do not apt or assume rasponsibility lo anyone other than the charitable company and the charitable ¢ompwby'S m$mbgrs as a body, for our audit work. for this rnport, or for the opirion8 we ha formed. Mayurc Thakk•r FCA (Senior Stslutory Audltort For ond on b•half of MCT Partneyshlp LLP. Statutory Audltor Chart•r•d Accountsttts 1 Warmr House Harrowan Busin0$$ Village Bessborough Road Harrow Middlesex HA13EX 23 Downber 2025
THE SPIRITUALIST ASSOCIATION OF GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unmtrlctgd funds 2025 Total Tot•1 2025 2024 Notgs InGom• •nd •nd¢)Mrynonts from: Oonotions and lega(¥es Charitable a¢tivits$$ Investments Other income 6,237 65,8L 17.002 21 6.237 65.806 17,002 21 10.480 59.126 2,039 Total Income 89,066 89.066 71.667 Exp•ndlturn on: Raising funds arilab Core activitie$ 57.096 57.096 54.118 170,148 170,148 160.541 Totsl •xp•nditur• 227.244 227.244 214.659 Net gains on investments 13 254 254 423 N•t movement in fundB 1137,924) {137,924) (142.5691 R•eonciliation ol lund$: Fund balances at 1 April 2024 2,766,494 2.766,494 2,909,C3 Fund balan¢•s at 31 March 2025 2,62B,S70 2.628,570 2.786.494 The ststement of finandal act1110$ indudes al gains and losses reojgnised in the year. AJI income and expenditure derive from continuing activas.
THE SPIRITUALIST ASSOCIATION OF GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET AS AT31 MARCH 2025 2025 2024 Notss Fixed assets Tangible assets Invg$tmgnls 15 16 2.438,085 3,519 2,479.643 3.265 2.441.604 2.482,908 Curront•ss•ts Sk Debtors Cash al bank and in hand 17 18 132 7,6S4 242,806 147 495 312,838 250.592 313.480 Cr•dltors". amounts falllng duo within one year 19 {63.6261 {29.894) Net current aets 186.966 283.586 Total a¥*•ts less current Ilabllltl•s 2,628,570 2.766.494 Income fund$ Unreslricied funds- general 2,628,570 2.766,494 The accounts were approved by the Trustees on 23 Decèmber 2025 Mr T TaskeT TnJste¢ ompony R•gi5hlion No. 00086844 -10-
THE SPIRITUALIST ASSOCIATION OF GREAT BRITAIN IA COMPANY LIMITED BY GUARANTEE) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notss Cash flows from operntlng •¢tlvFtles Cash absorbed by operations 23 {87,034) {101,551) InVlIng a¢llvltlès InsImOnt in¢ome received 17,002 2,039 Net caBh gen¢rat•d from InvKtlng actlvltl•s 17,002 2.039 N•1 u$h generated from financing aetlvltlgs N•t decreasè In ¢a•h and cash equival¢nts 170.032> 199,512) Cash and cash equivalents at be•nnti)g of year 312.838 412,350 Cash and cash •quiv4lèrrts at and of year 242.8C6 312,838 11
THE SPIRITUALIST ASSOCIATION OF GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounling poll¢le• Company infomiatlon The Spirrtualist Association Of Great Brrtain is a private company Mited by guarantee incorpor8tad England and INales. The reylslered officE is 341 Queenslown Road. Battersea, London. SWB 4LH. 1.1 Accounting conv•ntlon The finanLxal statements have b•en prepared in accordance with the Companles Act 2006 and -Ac¢ounting and Reporting by Charities.. Ststement of Recomrngnded Practicè applicabl8 lo d)¥ritie$ preparing Ihwr accounts in 8¢cordanc8 with the Financial Reporting Slandard appli¢abl• in the UK and Republic of Ireland (FRS 102) (effecti 1 January 2019}-. The ¢haiity is a Public Benefit Enlmy 8$ defined by FRS 102. The fflnandal slatsments are wapared in starling, which 1$ the functional jrIen¢Y of Ihe ch&ity. Monetary 4mounl$ in these ffinarKial 5talemenl$ are rounded to the nearest £. The a¢nts have b8an prepared on th& historical cost convention, modffied to include th¢ rèvaluatTM of certain finanaal Inslwmenls al fair valje. The prin¢ipal accounting policl&s adopted are Sel out behyw. 1.2 Golng concgrn At the time of approving the financjal statements. the tnjstees have a reasonable expectatN)n that the charity has adequate resources to continue in opeTalional gxlstenee for the foreseeable future. Thus the trustees continue lo adopt the golng cO[n bass of a¢Unting in praparing the financial statements. 1.3 CharltslAe fund# Unrestricted fvnijs are available for use at the discretion of Ihe Iruslees in fvrthgrartt otheir tharitable objedive5 unless the fvnds have been designalod for olher purposes. 1.4 In¢omlng rnsources Income comprises of memb6tshlp subsuiw'ons. donalicns, legacies and other income arising from the tharity's a¢tiMiies. Income from trading iviti8s is slated net of VAT. All income 1$ re¢oonised when aMnIS can be measured r8liably and it 1$ probAble thal the income will be received. 1.5 R•¥our¢o$ •xpended The cnsts of generating funds is all exp8ndilure in¢urrd on raising funds to financ¥ tharitable a¢Xfvth'&s. Charltable expendilwe ¢Lxmpri$ès of all the expenditure Incurred in rneeling the tharrtable objects, induding st of management, administration and compliance with Gonstilutional and statutory requirements. All expenditure 1$ reoognised in th¢ perfod in which rt 15 incuried. 1.6 Tanglblè flx•d assets Tangible fixed assets are initiaty mèasured 81 c0818nd subsequanlty measured al cost or valuab'on, nat of depreciation and any impatThgnt10$$8S. Tangible fixed assets are stated at c£Jst le8s depreu8tion. Depre¢ialion Is prowded at rates e4kulat8d to wiiie off the cosl less eslknaled re$idual value of ea¢h a$set 0[ its expected usoful lrfe. as follows.. Freehold property Fixtures. ffltings and equipment Comput&r equipment Straight line ovèr 75 years 10°1* straight lino 20% slraighl line 12-
THE SPIRITUALIST ASSOCIATION OF GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting polici•s IContinu•dl 1.7 Stock stock is slated al th8 kjwer of and nol realisable value. Net realisable value is the estimaled selling price less all 88timat8d costs of ¢ompletbJn. 1.8 Financial instrum•nt The Charity has elected to apply the provisions tsf S&¢tion 11 'Basic Flnanclal Inslruments. and Section 12 'Olhor FinanLial Instruments Issues, of FRS 102 to all of its financial instruments. 8a5ic fin¥n¢ial instruments are initially recognised al tran8actlon value and subsequenuy measured at thr settlement value. Basle financial assets Basic finanual assets, which indJe debtors and Cash and bank balans, are IrtilY measured al transaction price including transo¢tion $18 and are subsequenlty carried al amoitistrd cost using lh8 9ffacbve interest mothod unless the arrangem¢nt constitutes a financing transaction, where the transaction Ss measured al the present value of the futwe receipts discounted at a market re of interest. Finanaal assets assifiad as receivable within ong year are not amortisod. Derecognition ol flnanelal assets Finan(aal assets are derecognised only when the contractual rights lo the cash flows from the ¥s$èt expirè or are 8etUtd. or when the ch8rity tran$l¢rs the finanrial assèt and sub5tantialty all the risks and rardS of ownership to another entity, or if somè significant risk5 and rewards of ownership a r9t8ined bul control of the asset has transferred lo anothef party that is able lo sell the as$91 in it$ 8ntirety lo an unrelated third p8ty- Basic finan¢i•l Ilabllltles Basic ffinantyal liabilities. including wif(ors are inttla1 recognised at transa&ion pric8 Ve$S Iho arrangement constitutes B financing Iiansa¢tion, where the debt instrument is rneasure(l * th& present vae of the future payments di$counted al 8 markèt rale of interest. Finan¢l81 liabilities dassified as payable within one year are not amortised. Trade c¥aditors are obligatsons to pay for goods or services that have been a¢quired in the ordinary ¢ourse of operations from Suppliers. Amounts payable ale ¢la$$ified as current liabilf(ies il payment 1$ due vAthin onè year or less. 11 not, they are prèsanted as non<urrÈnt liabiliti'es. Trade creditors are recognised inrtialty al transactn prv and subwvently measured at amortised oost using the effecti interest method. Derecognition of Ilnancial liabillUe• Financaal liabilibes are dererJ)gnis8d when thè CharmS conlra¢tual obligations expire or are dls¢harged or cancelled. 1.9 Employee benofits The ¢o$l of any unused holtday gntiuement is re¢ognlsed In the period in which the gmployee's 8ervi¢es are Terrnination bwafits are Tecognised immediatety as an txpense ¥Jhen the charity 1$ demonstrably committ•d 10 18miinale the employment of an employee or to provide lemiinalion benefits. 1.10 Rerèment benefftj Payments lo defined Contribution refjrement bgn8fi1 schemes are charged as an expenso •$ Ihoy fall due. 13-
THE SPIRITUALIST ASSOCIATION OF GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 crftlcal accounting atlmat•s and judgements In the apFll¢ation of lh8 charity's a¢¢ounting policies, the Iwstaes are required lo makejudgemenl$, ostimaie8 and assumptions about the Can9 awnounl of assets and liabillti8s thal are not readily apparent from other sources. The estimates and a&waaled assumptions are based on historical experienca other fa¢Aors th81 are consideTed to be r•lèvant. ACal results may differ from these 88tlmale$. The esllmates and underfying assumptions are reviowed on an ongoing basis. Revisions lo aGcounting estimates are Tecognised in the period in whidTr the estimate is revised where the revision affects onty that pericKI, or in the period of the revision and fvture periods whare the rewsion affects both current and fUte perio(ts. UMful Ilfo of freehold prop•Jty The useful life of freohold property is det¢MIn by the InJ$tèÈs and retlect thé tharty's history of generoting income from charitabl& activthes. Donation$ and legacies 2025 2024 Donations and gifts Legacies roC8ivable 6.237 6.51S 6,237 10,480 Charitsble acovities Aclivities Privats Including sittings wrfh workshops and mediums deMstratIOnS Total Total 2024 Incomw resource5 within Chilable a¢tivili8s 29.839 35,967 65.8( 59.126 Invgstmgnts 2025 2024 IncMe from listed *ive$lmenls Interest receNable 135 16.867 129 1.910 17,002 2,039 14-
THE SPIRITUALIST ASSOCIATION OF GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Other incom• Unrestrlctsd Unrnstrlct•d fund$ funds gèneral general 2025 2024 Roy3tti8S 21 22 R418lng fund$ Unrestrlcted UnrwJtrld•d funds funds g•n•ral g•nw•l 2025 2024 Fundraisin and Ltbl Slagin9 fundraising events Direct ex nses Mediurns, fees and other related costs 3,337 2.078 53.759 52.040 57.098 54,118 15-
THE SPIRITUALIST ASSOCIATION OF GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Charitabl• aclivities 2025 2024 Slaff costs Deprerialion Rates Insurance Repairs and maintenan P051age and Stathery Telephonè Computer and website eXpseS Sundry expenses Bank charges Llghl and heal Interest exp8ns8S 48,295 41.558 5,558 5,724 9,765 24 6,718 3,180 105 3,017 7.857 274 57,813 41.986 5.222 7,370 9.816 6.385 3,180 243 2.815 132,075 140,624 Share of governance costs (see note 10) 38,073 19,917 170,148 160.541 Net movement In funds 2026 2024 The nel movement In lunds is slated after d)argin[tIng}. Fees payable for Ihe audrt of the charitys financd stalemgnls DeprecAaknn of owned tangible fixed assets 10,000 41,558 10.01)0 41.986 10 Support costs Support Govoman¢• eosts costs 2025 2024 Basls of allo¢atlon Audrt fees Legal and professional 10.01)0 28.073 10,000 28,073 10,(XJO Govemance 9,917 Goveman( 38.073 38,073 19.917 Analysed between Charitable actwiti8s 38.073 38,073 19,917 16-
THE SPIRITUALIST ASSOCIATION OF GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2025 11 Trustee* Remuneration amounting to £30,940 {2024.' £33,150) was paid under an 8mploymenl contract to Mr K Duncan-Morri8. At the balance sheet dale, £9,932 {2024- £NiD was owed to Mr K ouMOrrIs. Payments amounting to £7.10512024.' £7.455) in the ordinary [Se of business wère mada lo Mr T Tasker, who is a trustee. 12 Employ••s Numbor of gmployeo$ The average rnonlhty numbor of employees during the ywwas.. 2025 Numb•r 2024 Number Administration M8nagement Employmènt costs 202S 2024 Wages and salarifjs Staff nSIOn costs 47,347 56,538 1,275 48,295 57.813 Th8 above employment costs indude £Nil12024 ". £73) of omployefs Nalional Insurance conth"bulions nel of the employment allowancè. There wern no employees whose annual remuneration wa5 £60.LY)O or more. 13 Net mov?m•nt on valulng Inv•slrnents al fairvalu• 2025 2024 Revahjation of investments 254 423 14 Taxatlon The tharilable company is exempt from ¢orpDralion lax on fts charflable activit$. 17-
THE SPIRITUALIST ASSOCIATION OF GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 15 T•ng1b fixed assets Freehold PTOWrty Ubrary Flxtur•$, Computor fitting5 and •qulpment gqulpment Total Cost Al 1 Aprl 2024 2,661.384 2,505 59.987 4,104 2,727.980 At 31 March 2025 2,661,384 2.505 59.987 4,104 2,727,980 Depreciatlon and IM11ertt Al 1 April 2024 D&pracialion charged in the year 204,029 35.488 2.505 37.772 4,031 73 246.337 41,558 At 31 Mah 2025 239,515 2,505 43.771 4,104 289,895 arrylng amount At 31 March 202$ 2,421,869 16.216 2.438.085 At 31 m?h 2024 2,457,355 22.215 73 2.479.643 16 Fixed as8•t Investments Llst•d Inveskn¢nts Cost orvaluation At 1 April 2024 Valuation ¢hang8s 3.265 254 At 31 March 2025 3,519 Carrying *mounl At 31 March 2025 3.519 At 31 March 2024 3,265 17 Stock 2025 2024 Gotrjs for resale 132 147 18-
THE SPIRITUALIST ASSOCIATION OF GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 18 Debtors 202$ 2024 Amounts falllng du• within on• y•ar. Prepaym8nls and accwed in¢om8 7,654 495 19 Credltors: amounts falllng du• withln one yoar 2025 2024 0th8r taxation and 80¢ial Security Trade creditors Othèr uedilors A¢cru81s 4,996 36,752 11,710 10,168 5.604 14.075 10,215 03,626 29.894 20 Opèrating l•a5e ¢ommllmgnts At the year •nd the company had oulstsnding commitments for lease paymnt$ amounting to £9,27212024= £10,325) for non-canGellable operatingloases. 21 Control The company is limited by guarantee, not having a share capital dwid8d into shaTes. In the event of Ihe company being wound up. avery member und¢rtakes to cntribute a sum not excepding 25 pence. The number gf members al 31 March 2025 were as folows.. 2025 Number 2024 Number Lrfe Members Other members 244 85 87 329 333 22 Rolat•d party tranJ¢tion R•rnin•r4tlon of k•y man¥g•nwnt p•rsonnel The remuneration of key managem8nl personnel was as lollows.. 2025 2024 Aggregat8 remuneralio 30,940 33,150 19-
THE SPIRITUALIST ASSOCIATION OF GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED> FOR THE YEAR ENDED 31 MARCH 2025 23 Cash abso•d by op•r8tlon• 2025 2024 Defiiyt forthe year 1137,9241 1142.5691 Adiustm¢nts lor: Investment income Tecogni$èd in slaternenl of financial actNiiles Fair value gains and losses on investments Depreaation #Thy impaimient of langibltr fixed assets {17,0021 12541 41,558 12,0391 14231 41.986 PAov¢m•nts kn worklng rAPital: Decrease in stock (Increaselldeuease in debtors Incre¥sèl(dècroase} in creditors 15 17,1591 33,732 204 6.531 15,2411 Cash abs*)rbed by op•r•llons 187,0341 1101,5511 24 Auditorn. Ethl¢al Standards In Common with many ¢harities of ow size and nalurg we use Qui auditors to prepare aThJ Submit relums to the lax authorities and assist with Ihtr prfjparation of the financial stalemenls. -20-