Ch•rfty reglstratlon numbgr 298723 SOCIETY OF CHRIST (GB) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
SOCIETY OF CHRIST (GB) LEGAL AND ADMINISTRATIVE INFORMATION Tru¥t• Reverend Wojde¢h Rozdzenskl Reverend Stanislaw Hajkow$kl Reverend Artur Slelmach Charlty numb•r 298723 Prfn¢lp•l addr•s• 18 Carlton Road alley Range Manchestgr Vnlled Kingdom M16 8B8 Audltor Azets Audit Seryi¢e$ Ah0 House 4 Gre•k Street Stockport Unlled lfjngdom SK3 8AB
SOCIETY OF CHRIST (GB) CONTENTS P•g• Trustees, report stalemenl of Iw$lee$' re¥ponsibilrfi8s Independent 8udltof$ report Slatem8nl of finarK4al aGtivitigs Balance sheet Ststement ofcash ftows 10 Notes to tha finandal slatsm•nts
SOCIETY OF CHRIST (GB) TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The Iruslees present their annual report and financial statements for the year ended 31 December 2023. The financial statements havè be prèpared in 8cctrrd8nce wilh the accounting policies set OLrt in note 110 the financial statements and ¢omply wrth the charity's governing docurnent, the Charities Aet 2011 and 'Accounting and Reporting by Chanbes. Statement of Recommended Practice applicable to chanties preparing Iheir accounts in aceordance wrth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. las amen¢Jed for accounting periods commencing from 1 January 20161. Soriety ol Ghrist (Great Britain), 18 Cadlon Road. Whallèy Range. Manchester, M16 8BB, is a registered charity (No.. 2987231. Ils registered office is shown on Ihe chaiity information sheet. The present Irustees who served during the year are listed below and delai15 of external adwsers are noled on the company information sheet. Obl•ell¥e$ and a¢tivlti•¥ Publlc benefit The principle objectives of the tharity are the relief ol poverty of the sick, elderty and handicapped persons of Polish origin in Grèat Britain including their convalescents and rehabilitation. Thè advancement of education lor children ol Polish descent in Great Brttain with a Mew lo Ihe preservation and promotion of cvltural and traditional activrties within the Polish Community in Gie81 Britain. The advancement of the Roman Catholi¢ Rèligion ineluding the promotn of theological trainin9 for Pries15 10 work within the Potish Communty in Gfe818ritain. When reviewin9 the aims and public benefit of the charity, Ihe trustees have ¢onsidered the Charity Commission's guidance. To meel the requirements ol the communty within the financial ¢onslraints the charity has to work wrthin. This is achVed by inueasing dergy rnember5 and their donalions and increasing the resident$ within the car& home. Mthen considering the objectives for the charity, the trustees consider that a large amount of the charity's incom is derived from voluntary contribulions from congregations within the Polish Catholic community. Although, the amounts are con5iStenl year on year, this income can ntrr be taken as guaranteed. Income from the care home 1$ reliant on fee paying occupancy. The trustees have paid due regard to guidance issued by the Charity Commission in deuding what actiwties thè tharity should undertake. Principal activities To WOVKle residential earè lo sick. handicapped and elderty persons of Polish origin in Great Britain thrr¥Jgh our care home, Jasna Gor8 in Hudder5field. To proVe and help with the training ol prièsts that opèrate wrthin the Polish Catholic communty and promoting religious based actiwties within the communities. Also lo help with studies for dericslcandidates wailing lo enter the priesthood. Provide financial support to children and young people lo preserve and promote culluial and traditional actiVe$ ol their particular elhnic origin.
SOCIETY OF CHRIST (GB) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Inv•slment Pollcl•s All fvnds are Invested In bank aoUnt$. The Iruslees have considered the most appropriate policy for investing funds and have found Ihal banks and building societies meet their requirements to generate income for the charity The trustees eonsider their relum on investments in the year to be satisfactory. Achlevements and perf0MnCe The Trustees are pleased wlh the Tesult of the charty's activities. vthich hav¢ been carried oul under local law. They have taken particular care 8nd SponsIbl1ty for maintsining high stsndards of care al the HuleTsfieId care home. They ore delighted that the Care Quality Commission inspedions conducted at the home during the last years, verffied the high stsntJar¢J of work which rellects the hard work of the staff. The overall rating given for the Servi was.. Good. The mission ol Jasna Gora Huddersfield was to provide for the spiritual. cultural and physical needs of the iesidenls 8nd lo assure a family atmosphere and understanding As a result of this, the residents spend the last few years of Iheir life In peaceful surroundings. communicabng in their ¢)wn native Polish language. upkeeping Polish Cultu and traditions, in full assurance of spiritual guidance with the opportuntty to participate in the ceremonies and riles of the Catholic Church. The hcffle provides a chapel which can be used for daytime prayer. There is also Ihe option lo watctt Polish television programs as well as lo read Polish magazines and Joumals. The lamilies of our Tesidents frequently express their acknowledgment and deeply fell appreciation. Flnanclal revlew A summary of the year's results can be found on page 8 of the attoched accounts. During the year, the tolal incoming resources were £1.111,918 as cornpered lo £1,OS5,469 in the prior year. Durir4J the year, the total resources expended were £1.036,780 as compared lo £983,495 in the prior year. During the year a surplus of £75,138 was made compared to a Surplus of £81,974 in the prior year. 11 is the policy of the charity th81 unreslrided funds which have not been designated for a specffic use should be maintained al a bvel equivalent lo betsveen three and six months expenditure. The Iruslees considets th81 resetves al this level will ensure that, in the event of a significant drop In funding, they will be able lo continue the h8rty's current 8Ctiwlies while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintsined throughout the year. The pomcy of the charty Is to maintain free reserves al a level equivalent lo approximately three to six moths. expenditu. This will ensure that in the event of a significant drop in funding the charity will be able to Continue its activities while consideration is given to ways in which additional lunds may be raised. Trus level of reserves hes maintained throughout the year.
SOCIETY OF CHRIST (GB) TRU8TEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2023 trust ••Mid dUrf lh• nd up ts) th• d ofsW•kn• ofth• finothl stst•m•rts v•.' R•%•r•nd Artur Sl•lm•th R•¢rnlknwrt lrnlnlng oltru•l••8 Indthd b)to lh• afth• i*orlty tyth• •yiiting truth•8. By oth ofthè tru11••8
SOCIETY OF CHRIST (GB) STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees are responsible for preparing the Trustees, Report and the financial statements in accordance wrth applicable law and United Kingdom Accounting Slandards (Unileil Kingdom Generally Accepted Acctsunling Practice). The law appli¢able to charities in England and Walès requires Ihe trustees to prepare financial 51alements lor each financial year which givè a truè and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the ch8tity for that year. In preparing these financial statements, the trustees are required to.. - seled suilable accounting polia8s and thèn apply them consistently., - observe the methods and principles in the Charities SORP". - make judgements and estirnates that are asOnable and prudent., stale whether applicable accounts'ng standards have been followed. subjecl lo any matenal dePartUS disdosed and explained in thè financial statèmènts". and prepare the finanrAal 51alemenls on the going ¢oncem basis unless il is inappropriale lo presume thal the charity will contsnue in Operatn. The tnjslees are responsible for keeping sufficient accounting Tecords that disclose wrth reasonable accuracy al any liffle the financial position ol the charity and enable Ihem to ensure that the financial slalemenls comply wilh the Charitie5 Ad 2011. thè Charity (Aceounts and Reports) Regulations 2008 and the provisions of the IrLtst deèd. They are also responsible for safegvardiDg the 85sels of the charity and hence lor tsking Teasonabie steps for the prevenlion and delection ol fraud and other irregulanties.
SOCIETY OF CHRIST IGB) INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF SOCIETY OF CHRIST (GB} Oplnlon We have audited the financial statements of Souety Of Christ IGBI IthÈ '¢harity'l for Ihe year ended 31 December 2023 which cornprise the statement ol financial actiwties. the balance sheet, the statement of cash flows and notes lo the financial statements, including significant aGcounling policie5. The finanaal reporting framework that has been applied in their preparation is applicable law and Unrted Kingdom Accounting Standards, includin9 Financial Reporting Slandard 102 Thè Financial Reporting Standarcl applicable in Iho UK and Republic of Ir&lgnd Iuniled Kingdom Generalty AceeptÈd A¢counling Practice). In our opinion, the financ1 statements.. give a true and fair view of the state of the charity's affairs as al 31 De¢ember 2023 and of its incoming rÈsources and application of resources, for the year then ended, have been propèdy prepared in accordance with United Kingdom Generalty Accepted A¢counting Practice.. and have been prepared in a¢cord8nce with the requiremenls of Ihe Charities Act 2011. B•¥is for opinion We conducted our avdil in accordance with Inlernalional Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those Standards are further described in the Auditorfs ¥psptsnsibilitAes for the audil of thè fin$n¢ial slalern8nls seclion of our report. We are independent ol the ¢hafity In accordan with the ethical requiiemenls that are relevant to our audil of the financial stalèmènls in the UK, Including the FRC'S Ethical standard, and we have fulfilled our other ethical ièsponsibilrtiÈs in accordance with Ihese requirements. We believe that the audrt evidencE we have obtained is suffi¢ienl and 8ppropiiale lo provide a basis for our opinion. Conelusions rèlating to going concern In audrting the financial statements. we have concluded that Ihe tru5tee5' use of the going con¢em basis of accounting in the preparation of the financial statements is appropriale. Based on Ihe work we have performed, we have nol identified any material uneèrtainties relating lo events or condilions that. indiwdually or collectively, may cast significant doubt on the oharity's abilrty lo continue as a going concern for a period of al least e1ve months from when thè financial slalernenls are aulh0ri5ed for issue. Ouf responsibilities and the r&spon$ibilitie$ of the Iruslees with respect to going ojncem are described in the relevant sections ol this reptsrt. Othèr Infomiatlon The other information Comprises the inlormalion induded in the annual report other than the financial statements and our audrtorfs report thereon. The Iru5tees are spOnSible for the other information contained within the annual report. Our opinion on the financial slalemenls does not cover the other infomation and we do not express any form of as$uian¢e ¢onclvsion thereon. Our responsibility is to read the other Infofm8lion and. in doing 50. consider whether the other informalion is materially inconsistent with the financial slalemen15 or our knowledge obtained in the course of the audil. or otheiSe appears to be materially misstated. If we Identify Such material inconsistèncie5 or apparent material misstatements, we are rtrquirÈd to detèrmine whelhei this gives rise to a material misstatement in the fiThancAal slatements thèmselvès. If, basèd on the work we have performed, we conclude that there 15 material misstatement of this other infomialion, we are required to feport that fact. We have nothing to report in this regard. Matters on which we ar• r•quir•d to rèport by •x¢•pOn We have nothing lo report in respect of the followsng matters in relation lo which the Charities IAcrAJunts and Reports) Regulation5 2008 require us lo report to you if, in our opinion". the infomation given in the financial statements is inconsistent in any material respect with the trustees. report., or sufficient aceountsny recofd5 have not been kept., or Ihe financial slatements arè not in agieemènl with the aountIng records.. or we have not received all Ihe infonnation and gxplanations we requife for our audit.
SOCIETY OF CHRIST {GB) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF SOCIETY OF CHRIST (GB) Respons5bllltles of trustees As explained more fully in the statement ol tnJstees' responsibilities, the Iru51ee5 are responsible for Ihe preparation of the financial statements and for being satisfied that they give a true and fair view. and foi such internal control 8$ the trustees determine is necessary to enablè the preparation of financial statements that are free from matèrial misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessirig the charity's ability lo continue as a going concem. disdosing, as applicable. matters related lo going concem and tjsing the going ¢on¢em basis of accounting unless Ihe trustees Èrther intend to cease operations, or have nts realistic alternative bul to do so. Auditofs responsibilitiès for thè audit of the financial statsments We have been appointed as auditor undei section 144 of the Charities Act 2011 and report in accAydancg with the Act and relevant regulations made or hawng effect Ihereunder. Our obje¢tive$ are lo obtain reasonable assurance about whether thè finan¢ial slalemersls as a whole are free from maierial mi5St8tement, whelher due lo fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level ol assurance but 1$ not a guaianlee that an audit ¢onducted in accordan¢e with ISAS IUKI will always detect a material misstatèment when rt exists. Misstalemenls can arise from fraud or error and are considered material if. individually or in the aggregate. they could reasonably be expected to Influence the economic dècisions ol useis taken on the basis ol these financial statements. A lurther description of our responsibililies is availab18 on the Fin8n¢ial Reporting Council's website al.. http$".11 www.frc.org.ukjauditorsresponsibilities. This desuiplion forms part of our auditorfs port. Extènt to whl¢h th• audit was ¢on¥ldered capable of detecting irregular1t1. Including fraud Irregularities. including fraud, are inslances of non-compliance with laws and regulations. We design procedures in line with our respon5ibilitie5, outlined above and on the Financial Reporting Council's websitè. lo delecl material misstalernents in respect ol irregularities. including liaud. We obtain and update our understanding of Ihe enlrfy. ils activities, its conlrol enviionmenl. and likety IIAlure developments, including In relation lo the legal and regulatory Iramework applicable and how the entity is complying wrth that framewtsrk. Based on this understanding, we identrfy and assess the risk5 of material misstalemenl of Ihe financial slalemenls. whether due to fraud or error. design and perform audit procedures responsive lo those rtsks, and obtain audil ewdence that is sufficient and appropriate to provide 8 basi5 for our opinion. This indudes consideration of the risk of acts by the entity Ihat were contfary to applicable laws and regulation5. induding fraud. In response to the risk of irregularities and -mplian¢e wrth laws and regulations. including fraud. wè designed procedures which includèd". Enquiry ol rnanagemenl and those charged with governancè aroun¢J actual and potential If(Igalion and daims as well a5 actual, Suspected and alleged fraud., Reviewing minutes of meelings of those chargèd wilh govern8n¢e". Assessing the extent ol compliance with the laws and regulations considerèd to have a direct material effect on the financial slatements or the operations of the enlrty through enquiry and inspection., Reviewing financial stat&ment disclosure5 and le51ing to 511PPOrting documentation lo assess compliance with applicable laws and iegul8lion5.' Perfomiing audit work over the risk of management bias and override of controls, including le5ting of Journal entrie5 and other adjustments lor approprialeness, evaluatsng the business rationale of Significant Iransaclion5 Outside the nomial course of business and rewewing aCUnting estimates for indicators of potential 'as. Because of the inherent limrtations of an audrt. Ihere 1$ a risk that we will not detect all irrègularities, indudin9 th¢se leading to a material misstalemenl In Ihe finan¢i81 slalernenls or non-compliance wilh regulation. This risk increasès the more that compliance with 8 law or fegulalion is removed trom the events and transactions flected in the financial slatemenls. a5 we will be le55 likely lo become aware of instances of nonmplIance. The n5k of not dètecting a material mis$talemenl resulting frorn fraud 15 higher than for one resulling frorn error, as fraud may involve collusion. forgery. intentional omissions. misrepresentations, or the override of inlernal control.
SOCIETY OF CHRIST (GB) INDEPENDENT AUDITOR'S REPORT {CONTINUED) TO THE TRUSTEES OF SOCIETY OF CHRIST (GB) Other matters Your attention Is drawn to the lact that the charity ha5 ppared financial stalemenls in accordance with "Accounting and Reporting by Charrties.. Statemenl ol Recommended Practi applicable lo charilies preparing their accounts in accordance wilh the F1nancial Reporting Standard applicable In the UK and Republic ol Ireland IFRS 1021" las amended) in preference to the Accounting and Reporting by Charities.. Slalement of R¢¢omrnandad Pract issued on fj April 2005 which is referred Its in the extant regulations but has now been withdrawn. This has been done in order for the finanual slalements to provide a true and fair view in aCrdance wilh ¢Ufrent GenerallyAc¢epted Accounting Praclic£. Use of our report This report is made solely to the charity's tnJstee5. 85 a body, in accordance with part 4 01 the Charities IAccoun15 and Reports) Regul8lion$ 2008. Our audit work has been undertaken $0 that we might slate lo the charrty's trustees those matters we are required to state to them in an auditOT'S report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility lo anyone tslhei than the ¢harf(y and Ihe charity's tfuslees as a body. for our audit work, for this report, or lor Ihe opinions we have formed. Jonathan Word IS•nlor Ststutory Auditor? for and on behalf of Azets Audit Servicè¥ Chartered A¢¢ountsnts Statutory Audltor Alpha House 4 Greek Street Stockport United 'ngdoM SK3 8AB Azets Audit Services is eligible for appointment as audiloi of the ¢harty by virtue of its eligibilily for appointment as auditor of a company under Sèction 1212 01 the Companies Act 2006.
SOCIETY OF CHRIST {GB) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestrict•d Unr•stritted funds funds 2023 2022 Notes Incom Volunt8ry Incomè.. Donations and legacie5 & similar income 698,176 715.896 Incomin9 resources from ch8rtable a¢tMlies'. Residential care home fees 407,622 342.953 Investment income 8.120 6.620 Totsl In¢ome 1,111.918 1.CE5.469 Ex nditurè on: Charitable activities Residental care home Prièsts in the community Pockèt mon•y an¢J retreats 762,270 117,782 156,728 691.254 143.449 148.792 Total charitabl• exp•ndituro 1,036,780 983,495 Net income for the yearl Net movement in funds 75,138 81,974 Fund balances at 1 January 2023 2.149.903 2,067,929 Fund balan¢o$ It 31 December 2023 2,225,041 2,149.903 The staternenl of financial act¢viiies includes all gains and losses recognisèd in the year. All in¢ome and expenditure derive from continuing activilies.
SOCIETY OF CHRIST IGB) BALANCE SHEET AS Af 31 DECEMBER 2023 2023 2022 Not•• Tanglbl8 a•ts Iz 1.109.102 1,093,995 Dobtors Cosh al bank and in hand 13 18.155 1.138.988 20,425 1,085,605 1.15S.123 1.106,IJ30 Crndttor•: amounts taulng du• Thlthln n• y•r 14 (39,1e4) <50.1221 1.115,939 1,055,W)B T•tsl •M•ts IM• ¢wY•nt Il•bllltl•• 2225,041 2.149.WJ3 lTr¢oDw fwAd• unrtri fvnd8 2,225.041 2.149,3 2225.041 2,149.903 Th¢ fln8n¢aal statement wère apwowd ty Tru¥te81 ... R•v•rend Woid•¢h R02th•n8kl
SOCIETY OF CHRIST (GB) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Not•• C••h kn Ir4)m opor•llng a¢tlvltl Cash gen•rat•d from operations 18 188,548 175.875 Inv••llng ctlvltl•• Purcha8e of tangible fixed asset8 InsImOn1 income r•¢eiv•d {109,3051 6.120 180,3541 6.620 N•t cash us•d In Invmtlng •¢tlvlllg• 1103,185) 173.7341 Il•1 h u••d In finan¢lng actl¥lil•• N•t Incr•as• In c#*h and cash •qulval•nt• S3,363 102,141 Cash and ¢ash equwalents al beginning of yfraf 1.085,605 983,404 Ca•h and G••h •qulv•hnts at •nd of y•ar 1.138.968 1,085,605 10-
SOCIETY OF CHRIST (GB) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting pollcies Charity information Society 01 Chiist IGBI is a registered charity in England and Wales. The registered address is.. 18 Cartton Road. Whalley Rangè, Manchester, M16 8BB 1.1 Accounting convention The a¢¢ounls have been preparèd undèr thè historical cost convention. The financial staternents have deparled from the Charities (Accounts and Reports) Regvl8lion5 2008 only to the exlent required lo provide a true and fair view. This departufe ha5 involved following the Slalemenl of Recommended Practice for charities applying FRS 102 rather than the version of the Slalement of Recommended Practice which is referred to in the RegLtlations but which has since been withdrawn. The financial statements are prepared in sterling. which is the fun¢tional ¢urren¢y of the charrty. Monetary amounts in these financAal slalements are rounde(I lo the nearesl £. The a¢¢ounts have been prepared under the historical cost convention. The principal acLounting polieS adopted are sel out bel¢)w. 1.2 Going concern Al the time of approwng the financial $tslemenls, the trustees have a reasonablè &xpeclalion 11)* the charity has adequate fesource5 lo continue in operational existence loi Ihè lorèseeable fthure. Thus the ITuslees contsnue lo adopt the going concern basis of accounbng in preparing the financial ststemenls. 1.3 Charitable funds Unrestricted funds ale available for use at the discrets'on ol the tfustees in furtherance of thei¥ charilable objectives. Reslrided lunds are subject lo Spel)f Conditions by donors as to how they may be used. The purposes and uses of the feslricted funds are sel out in the note$ to Ihg financial statements. Endowment fund5 are subject lo specific condrtions by donors that the caprtal must be maintsined by the chaTIty. 1.4 Income Income is rècognised when the charity is legally enlilled lo il after any perforrnance conditions have been met, the amounts Can bè measured raliably. and it is probable Ihat income will be received. Cash donations are rècognised on receipl. Other donations are recognised once the charity has been notsfied of the donation. unless performance conditions require deferral of the amount. Income tax recoverable in relation lo donations recew?d undtrr Grft Aid or daèds of covenant is recognised at the ts'me of thè donatK)n. Legaaes are cognised on receipt or otherwise il the charity has been notifd of an impending distribution, the amount is known. and fe¢eipl 1$ expected. If the amount is not known, Ihe legacy 1$ trèatgd as a contingent asset. 1.5 Expenditur¢ All expenditu is a¢countèd lor an on accNa5 basis and has been dassified under headings that aggrale all costs related lo that rategtsry. Wherè costs cannot be directly attributed to particular headin9S, thèy have been allocated to adivilies on a basis ¢onsislenl with the use of resources. 11
SOCIETY OF CHRIST (GB) NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng pollcl•s (Continuedl 1.6 Tanglblo Ilx•d assots Tangible fixed assets are initially measured at to$t and are subsequently measured at cost net of depreciation and any impaimient losses. Depièciation is recognised so as to wrrte off the $1 tsr valuation of assets less their residual walues over their useful lives on the following b3se$'. Land and buiklings Equipment Furnishings Motor vehicles 2°A 5traighl line 15Vts slraighl line 15Vo Straight line 25°k straight line The gain or loss arising on the disposal of an asset is detemiined as the differencè befrween the sale proceeds and the carrying value of the asset. and is recognised in net incomellexpenditurel ftsr the year. 1.7 Impairment of fixed assets Al each reporting end date. the charity reviews the carrying amounls of its tangiblè assets to detèrmine whether there is any indication that Ihose assets have suffered an impairnienl loss. If any such indication exists, the recoverable amount of the assel is estimated in order to delerniine the extent of Ihe impaimenl loss Irf any). 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand. deposfls held al call with banks, other short-term liquid investments wilh original maturities of three months or less, and bank overdrafts. Bank overdrafts are $h¢)wn within boirowings in current liabilities. 1.9 Finanelal Instrumènts The charity has elected to apply the provisions of Sèction 11 'Basr¢ Finan¢ial Inslrurnents, and Section 12 'Other Finanaal Instruments Issues, ol FRS 102 to all of ils financial insiruments. Financial instrumen15 are recognised in the charity'5 balance sheet when the charity becorne5 party to the contractual provisions of Ihe instrument. FinancAal assets and Iiabililies are offset, with the nel amounts presented in the financial statèments. when there is a legally enforceable right to set off Ihe recognised amounts and there is an intention to settle on a net basis or to realisè thè asset and sèttle thè liability simutsneously. Basic financial assets Basic financial assets. which include deblois and sh and bank balances, are inrtialty measured at Iian58ctson piice including transaction ¢0515 and are subsequently carried al amortised cost using the effective inlerest method unless the arrangemenl constitutes a financing transaction, where the transaction 1$ measured at the present value 01 the future receipts discounted at a market rale of interest. Financial assets classified as CeiVable within one year are not amortised. 12
SOCIETY OF CHRIST (GB) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2023 Accounllng pollel•$ Icontlnuedl Basie finaneial liabilities Basic financial liabilities, including ¢rtrdilor5 and bank loans are inrtially recognised al transaction price unless the arrangement Constitutes 8 finanung Iransacti¢n. where Ihe debt in51rurnenl is measured at the presenl value of the ftrture payments discounted al a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are 5ubsequenlly carried at amortised cost. using the effectivg inlerest rale method. Trade creditors are obligations to pay for goods or setvi¢es that have been a¢quired in the ordinary course of operations from suppliefs. Amounts payable ale dassified 8$ current li8bilitie5 if payment is due wilhin one year or less. 11 not. they are piesentèd as ntsn-currenl 118bililies. Trade creditor5 are recognised initially at transaction price and subsequently measured al 8mort15ed cosl using the effective interest method. Derecognition of ffnancial liabilities Financial liabilitie5 are derecognised when the charily's contractual obligalsons expire or are discharged or cancelled. 1.10 Employ•• befits The cost of any unused holiday entill&ment is recognised in the period in which thè èmployee's services are received. Tèrmination benèffits are reGognised imrnedialely as an expense when the charity is demonstrably committed lo lerminale the ernploymenl of an employee or lo provide lerminalion benefils. 1.11 Retirement benerts Payments lo defined contribution reliTemenl benefrt schemes are charged as an expense as Ihey fall due. 1.12 Fundlng Accountlng Unrestricted lunds comprise accumulated surpluses and deficits on general funds that are available for use at the discretion of the Iruslees in furtherance of the general objectivès of thè eharity that have not been designated for other purposes. 1.13 Llabiltie$ Liabilities a recognbsed when the i*arity has an obligation lo make payment lo a third party. Critical accounting estimates and judgements In the application of the charity's accounting policies, the Iruslees are rtquired lo make judgements, estimates and assumptTons about thè carrying amtsunl of 8sse15 and li8bililies that are not readily apparent from other soui¢es. Thè eslimales and 8ssoryaled a5suinplions are based on historical experience and other laclors that are considered lo be relevanl. Actual results may dtffer from these estimates. The estimates and underfying assumptions are rewewed on an ongoing basis. Rewsions lo accounl'ng estimates are recognised in the period in which the estimate is rèvisèd where the revision affects only Ihal period, or in the period of 1he vIsion and future periods Whe the v1$10n affeds btslh current and luture periods. There were no crrtical accounting e51imales and judgements. 13-
SOCIETY OF CHRIST {GB) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Voluntary income: Donation¥ #nd legacies & •imilar income Unr•Jtrl¢ted Unrestricted fund$ funds 2023 2022 Donations and gifts COVID-19 support 698,176 706,627 9,269 698.176 715,896 Donations and gifts Clèrgy donations Olher income and donations 682,105 16,071 691,648 14,979 698.176 706,627 Incoming r•sourc•s from charltablè attivitie¥: Residential R•ildèntial care hom• ¢•ro home f••s 2023 2022 Residential care home fees 407,622 342,953 Inv¥$tm•nt In¢ome Unrg5tricted Unrnstrf¢ted lunds funds 2023 2022 Bank interest recewable 6,120 6.620 14-
SOCIETY OF CHRIST (GB) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023 Charltsble activities R•sid•ntal Priests in Po¢ket care home the money and communlty rntr•ats 2023 2023 Totsl 2023 Totsl 2022 2023 Staff co$1$ Depreciation and impairm&nt Food, drink and medical supplies Cleaning and household Repair5 and renewals Donatn$ Office costs Rates Heal and lighl Molor &xpen$e$ Seminars and education SLtrplus on disposal of fixed assets Pocket money and sundry expenses 324,884 34,397 139,678 18,760 21,465 74,868 50,020 14,202 53.276 324.884 94.198 139,678 1B,760 21.465 74,868 50,020 14,202 53,276 83,584 10,909 136.5121 156.728 310.159 94.100 128,486 16,085 20.013 88,550 35,307 15,828 29,633 95,021 17,128 127,5591 148,792 59,801 83.584 10.909 136,5121 156,728 731,550 117,782 156,728 1.006,060 971,543 Sharè of g0veMar cosl$1$g9 note 81 30,720 30.720 11,952 762.270 117,782 156,728 1,036,780 983,495 Doserfptlon of charllable activiti id nlal Provision of a residential care home Priests in I rnm Provision of pri&$t$ for parish8s where there is a sub51anlial Polish communty Pocket monè and retreats Car& and advanc&ment of Fathers 15-
SOCIETY OF CHRIST (GB) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Support costs Support Governance costs costs 2023Support costs Governance Costs 2022 Audit and accountancy 11,193 19,527 11.193 19.527 10.081 1.871 10.081 1,871 Legal and professional 30,720 30,720 11,952 11,952 Analysed been Charitable 8clivifies 30,720 30.720 11.952 11,952 Govemance o)sts indudes payments to Ihe auditors of £8.40012022- £6,900) for audil leès. Tru$ts•s None of the trustees lor any persons connected wrth thernl received any remuneration during the year. TnJstees incvrred expense5 lotalling £1,20012022 £5691. 10 Employ••$ The average monlhty number of empk*yees during the year was.. 2023 Numb•r 2022 Number 15 14 Employment costs 2023 2022 Wagès aThJ salaries Social security costs Other pension costs 305.970 14.368 281.979 19,752 8,428 324.884 310,159 No employee re¢eivèd remunèrats.on ex¢eeding £60.000 during Ihè ygar. 11 Tax•Uon The charity is exernpl from lax on income and gains falling within Section 505 of the Taxas Act 1988 or seth'on 252 of the Taxationof Chargeable Gains Act 1992 to the exlenl Ihat Ihese are applied to ils charitable obiecls. 16-
SOCIETY OF CHRIST (GB) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 12 Tanglble fixed assets L•nd an bulldln Eqylpmon¢ FvrnbhlmgsMotorv•hl¢l¢• Total Cost At 1 January 2023 Additions Disposals 1,408,504 146,993 85 77,687 10.398 536.460 98.822 188.6361 2,169,644 109,305 188,6361 Al 31 December 2023 1,408,504 147,078 88.085 546,646 2,190,313 D•pr•clatlon and Impalmwnt Al 1 January 2023 Depreciation charged in the year Eliminated in respect of disposals 470,$61 28,170 142,460 871 61.605 401,023 59,801 188.6361 1,075.649 94,198 188,6361 Al 31 De¢emb&r 2023 498.731 143,331 86,961 372,188 1.081,211 Carying amount Al 31 December 2023 909,773 3.747 21.124 174.458 1,109,102 At 31 Decemb&r 2022 937,943 4,533 16,082 135,437 1,093,995 Upon transition to Finan¢ial Reporting Standard 102, the charity elected to use the most recent valuation of th& freehold propety in order lo carry thi$ property forward at'dèemèd eosv. 13 Debtorn 2023 2022 Amounts f•lllng du• wlthln onè y•ar: Prepayments and accrued income 16,155 20,425 14 Creditorg: amounts falling due wlthln one year 2023 2022 OlheT tsxalion and social serItY Trade rtorS Other creditors Accruals and deferred income 4,081 4,131 17.210 13.762 5,908 3,530 16,526 24,158 39,184 50,122 15 Rol•t•d p•rty tr•ns•¢tlons There were no disclosable related party Irans8Ction8 durin9 the year12022- none). 17
SOCIETY OF CHRIST (GB) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 16 Ca•h u•n•rntsd from op•rallon• 2023 2022 Surplus for the year 75.138 81,974 Adju$lm•nls for.. Investmenl incomg rgcognised In statement of financial acti118$ DePrallOn and impairment of tangib fixed assets (6,1201 94.198 (6,620) 94.1 Movgments in working capit41: Detteasellincrease) in doblors IDe¢rea8ellincreaso in creditors 4.270 110.9381 {8.2881 14,709 Ca•h g•n9rat fvom OP•Mtlons 156,548 175,875 17 Anitysii of chang•¥ In n•t funds The ¢harily had no debt during tho ygar. 18-