Charity registration number: 500445 Ashby Christadelphian Ecclesia Annual Report and Finartcial Statements for the Year Ended 30 September 2024
Ashby Christadelphian Eeclesia Reference and Administrative Details Trustees Mr R Bezant Mr RJ Spencer Mr JM Buckler Charity Registration Number 500445 Principal Office Christadelphian Hall Union Passage Ashby de la Zouch Leicestershire LE65 IBW Independent Examiner Buckler Spencer Ltd The Old Police Statioll Church Street Swadlincote Derbyshire DEII 8LN Page I
Ashby Christsdelphian Ecclesia Trustees, Report The trustees present the annual report together witb the financial staternents of the charity for the year ended 30 Septemb¢r 2024. Objectives and activities Objects and aums The charity continues with the activities which are m¢ntioned below. Th¢ charity opens its doors to the publi for coffee every week on a Thursday and once a month on a Saturday. The publi¢ hav¢ Gontsibuted to th outr¢ach activiti¢$ and individual cases of need. The Sunday School and youth club a¢tiviti¢s continu¢ to grow with youngsters att¢nding from memb¢rs families and also from the public. To fiwther the religiow and charitable work of the Christadelphians in Ashby and worldwid¢. Objectives, slralegies and a¢livitles The charity preaches the gospel by opening its doors to the local community. It practices what it PT¢aches by Collecting money for local charities and national charities, and providing ¢Tbe facilities which are op¢n to all. The trustees have had regard to the guidance issues raised by th¢ Ch8Jity Commissio Public benefit The iTUStees confm that they have complied with th¢ T¢quirements of section 17 of the Charities Act 2011 to have due regard to th¢ public ben¢fit guidanc¢ publish¢d by the Charity Commission for England and Wales. Financfial review Policy on reserves Th¢ charity s¢¢ks to maintain enough reserves to cover a yw's running exp¢n5es including the welfare n¢eds of its Christad¢lphian CoDllnunity. Structurey governance and mall8gernent Nalure ofgovernlng document The clwity is controlled by its governing document, a constithtion adopted 15.09.30, and constitutes an uniocorporated charity. Recruilmenl dnd appointH¢ent oflruslees Trust¢¢s are elected by the members of Ashby de la Zouch Christadelphian Eccl¢sia. The trn5tees have identified and reviewed the risks to which the charity is exposed and ensured appropriat¢ controls in place to Provide reasonable assurance against fraud and error. ual r¢port was approved by the tn]st¢es of the charity on ... sign¢d on its behalf by: uckler Page 2
Ashby Christadelphian Ecclesia Statement of Trustees, Responsiblllties Th¢ trustecs ar¢ respo5]b]e for preparing the trustees, report and the financial statements in accordance with the Unitcd KiTJgdom Accounting Standards (UDitcd Kingdom Gcnerally Accepted Accounting PTactice) and applicabl¢ law and regulations. The law applicable to charities requires the trustees to prepare flnancial statements for eacb fmancial y¢ar which give a true and fair view of the state of affairs of the charity and of the incon]ing r¢sour¢es and application of rcsollrces of thc charity for that pcrio& In preparing these financial statements, the trustees are required to: select suitable accounting policies and then apply them consist¢ntly' obs¢rY¢ the m¢thods and principles in th¢ Chariti¢s SORP; make judg¢ments and ¢stimat¢s that are reasonable and prudent. st8t¢ whether applicable accounting standards have been followed, subject kn any material departur¢s disclosed and explained in the financial statem¢nts' and prepare the financial stst¢ments on the going conc¢rn basis unless it is inappropriat¢ to presume that th¢ charity will continue in business. The tllteeS arc responsibl¢ for keeping pioper accounting rccords that disclose with reasonable accuracy at any tim¢ the financial position of the charity and enable them to ensure that th¢ financial statements comply with the Charitics Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees are also responsible for safeguarding th¢ assets of the charity and hcnce for taking reasonabl¢ steps for the prevention and detection of fraud and other irregulariti¢s. The trustccs are responsible for the maintenance and integrity of the corporate and financial inforn]ation included on the charitable companys website. Legislation governing the pr¢paration and dissen)ination of rllLqncial statements nwy differ from legislation in other jurisdictions. App ved by the trustees of the charity on ... . and signed on its b¢half by: Buckler Tntee Page 3
Ashby Christadelphian Ecclesia Independent Examiner's Report to the trustees of Ashby Christadelphlan EcclesiA report to the tnJst¢es on my examination of the accounts of Ashby ChrAStadelphiall Eccl¢sia for th¢ year ended 30 Septemb¢r 2024. Respollsibilltles and basis of report As th¢ charity trustees of Ashby Christa(klphian Ecclesia you are r¢sponsibl¢ for tbe prq)aration of the accounts in a¢cordance with th¢ Tequirements of the Charitics Act 2011 ('th¢ Act,). I report in respect of my examination of the Ashby Christad¢lphian E¢clesia's accounts catried out under section 145 of the 2011 Act and in carrying out my examination I have followed all th¢ applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent ei8miner's ststement I have completed my exwnination. I confinn that no material matters have come to my attention in connection with the examination giving m¢ Cause to b¢lieve that in any material respect: l. accounting records wcre not kept in respect of Ashby Christadelphian Ecclesia &5 rcquired by section 130 of the Act; OT 2. the accounts do not accord with th05¢ records. or 3. the accounts do not comply with the a¢¢ounting r¢quirem¢nts conc¢rning the forni and content of accounts set out in the Clwities (A¢coutkts and Reports) Regulations 2(K)8 other than any requirem¢nt tbat the accounts give a 'true and fair view which is not a matter considered as part of an independ¢nt examinatiotL I have no conc¢rns and have come acTOSS no other matt¢TS in conn¢ction witb the examination to which attention should b¢ drawn in this report in order to enable a prop¢r understanding of the accounts to be r¢ached. Terry Spencer I AEW The Old Police Station Church Street Swadlincote D¢rbyshire DEII 8LN Date:........ Pagc 4
Ashby Christadelphian Ecclesia ststement of Financial Activities for the Year Ended 30 September 2024 Restrlcted Total funds 2024 Unrestricted funds Note Ineome and Endowments from: Donations and lega¢i¢s Other income 54,313 297 54,313 297 Total income 54,610 54,610 Expenditure on: Charitable activities (50.088) (50,088) Totsl expenditur¢ (50,088) (50,088) Net income 4.522 4,522 Net m0ment in fvnds 4.522 4,522 Reconciliation of fuDd5 Total funds bmught forvnrd 31.550 221,157 252,707 Total funds carried fonvard io 36,072 Unrestrlcted funds 221.157 Restricted rvnds 257.229 Total 2023 Note Income and Endowments fro. Donations and l¢gacies Other income 30,158 197 30,158 197 Total income 30,355 30,355 Expendithre on: Charitable activities Other expenditure (40,736) (733) (40,7361 (733) Total expenditure (41.469) 41,469) Net expenditure Net moveJJ]ent in fi)nds (11,114) 11,114) (11,114) (11.114) Reconciliatlon of funds Total fimds brought forward Total fimds carri¢d fonvard 42,664 221,157 263,821 io 31,550 221,157 252,707 All of th¢ charity's activities deriv¢ from continuing opeTations during dle above two period5. The funds breakdown for 2023 is shown in note 10. The note5 on pag¢s 7 to 12 form an int¢gral part of th¢ financial statements. Page 5
Ashby Christadelphian Ecclesia (Registration number: 500445) Balance Sheet as Yét 30 September 2024 2024 2023 Trlote Fixed assets Tangibl¢ assets 234,206 234,206 Current sssets Debtors C&8h at bank and in hand 7,292 15,731 8,680 9.821 23,023 18,501 N¢t assets 257,229 252,707 Fund5 of the charity: Restrlcted income funds Restricted fimds 221,157 221,157 Unrestrieted Income funds Unrestricted funds 36,072 31,550 Total funds io 257,229 252,707 The financial staten]ents on pages 5 to 12 were approved by tb¢ trustces. and authorised for issuc on . and signed on tbeir behalf by: MrJM Truste¢ ckler The notes on pages 7 to 12 forni an integral part of these fJnan¢ial ststements. Page 6
Ashby Christadelphian Ecclesia Notes to the Financial Statements for the Year Ended 30 September 2024 l Aecounting policies ststement of compliance The financial ststements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. Basis of preparation Ashby Christadelphian Ecclesia meets the definition of a public benefit entity under FRS 102. The accounts (fllmncial statements) have been prepared under the historical cost convention with items r¢cognised at cost or transaction value unless otherwise stat¢d in the relevant note(s) to these accounts. Going ¢oncern The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. Income 2nd endowments Volunlary income including donations, gifts. legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that ihe income will be received alld the amount Can be measured with sufficient reliability. Donadons and legacles Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured. Expenditure All expenditure is recognised once there is a legal or constructive obligation to that exp¢nditure, it is PTobabl¢ settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditur¢ heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central slatT costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Raislngfunds There are no costs incurred in attrdcting voluntary income or the management of investments Charllable aclivilies Charitable expenditure comprises those costs incurred by the charity in the delivery of its activiti¢s and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Page 8
Ashby Christadelphian Ecclesia Notes to the Financial Statements for the Year Ended 30 September 2024 (continued) Support costs Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of r¢sources, for example, allocating property costs by floor aTea5, or per capit4 staff costs by the time spent and other costs by their usage. Tangible red assets Individual fixed assets costing £0.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent cuMlated impailinent losses. Depreciation and amortisalion Depreciation is provided on tangible fix¢d assets so as to write off the cost or valuation, less any estimated residual value, over their expected use1 economic life as follows: Trade debtors Trade debtors are amounts due from ¢ustomer5 lor merchandise sold or services perfonned in the ordinary cowse of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest m¢tho(L less provision for impairment. A Provision for the impairnient of trdde debtors is established when there is objective evidence that the charity will not be able to collt all amounts due according to the original terms of the receivables. Cash and eash equivalents Cash and c&sh equivalents comprise cash on hand and call deposits. and other short-tenn htghly liquid investments . that are readily convertible to a known amount of cash and are subject to an insi]rIcant rtsk of change in value. Fund 5truclure Unrestricted income fvnds are general funds that are available for use at the thistees discretion in furtherance of the objectiv¢s of the charity. Finaneial instruments Classiflcalion Financial assets and fmancial liabilities are recognised when the charity becomes a paty to the contractual provisions of the instrument. Page 9
Ashby Christadelphian Eeclesia Notes to the Financial Statements for the Year Ended 30 September 2024 {eontinued) Recognlllon andmeasurgmenl All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profil or loss. which are initially measured at fair value (which is nonnally the transaction price excluding transaction costs), unless the arrangement constitutes a financing t)SaCtIon. If an arrangement constitutes a financing transaction. the fmancial asset or fjnancial liability is measured ai the present value of the tUre payments discounted at a market rate of interest for a similar debt instrnment. Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously. Financial assets are derecognised when and only when a) the contracthal rights to the cash flows from the fmancial asset expire or are settled, b) the charity transfers to another party substantially all of the Tisks and rewards of ownership of the fu]ancAal asset, or r) the charity, despit¢ having retained some, but not all. significant r&sks and rewards of ownership, has transf¢ed control of the asset to another paty. Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires. Fair value measuremenl The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recenl transactions of an identical asset on their own are not a good estimate of fair value, the fair vaIue is estimated by using a valuation technique. 2 Ineome from donations and legacies Unrestricted funds General Total funds Donations and legacies, Donations from individuals Gift aid reclaimed 47,021 7,292 47,021 7,292 Total for 2024 54,313 54,313 Total for 2023 30,158 30,158 Page 10
Ashby Christadelphian Ecelesia Notes to the Financial Statements for the Year Ended 30 September 2024 (continued) 3 Other ineome Totsl fund5 4 Expenditure on charitable activities Unreslrieted funds General Total funds Note Allocated support costs 50,088 50.088 Total for 2023 40,736 40,736 Total expenditure 5 Trustees remuneration and expenses No trustees, nor any persons corniected with them. have received any remuneration from the charity during the year. No trustees have received any reimbursed expenses or any other bellefits from the charity during the year. 6 Taxation Th¢ rhaTity is a r¢gist¢r¢d charity and is therefor¢ ¢x¢mpt froTn taxation. Pagell
Ashby Christadelphian Eccjesia Notes to the Financial Statements for the Year Ended 30 September 2024 (continued) 7 Tangible fixed asset5 Land and buildings Furntture and equipment Total Cost At l October 2023 234,206 6,841 241.047 At 30 September 2024 234,206 6,841 241,047 Depreciation At l October 2023 6,841 6,841 At 30 Sepfrmber 2024 6,841 6.841 Net book value At 30 September 2024 2J4.206 234.206 At 30 September 2023 234,206 234.206 8 Debtors 2024 2023 Other debtors 7,292 8,680 9 Cash and cash equivalent5 2024 2023 Cash at bank 15,731 9,821 Page 12
Ashby Christadelphian Ecclesia Notes to the Financial Statements for the Year Knded 30 September 2024 (continued) 10 Funds Balance at 30 September 2024 Balance at I October 2023 Incotning resources Resources expended Unreslricted funds General 31,550 54,610 (50,088) 36,072 Restricted fund5 221,157 221.157 Total funds 252,707 54,610 (50.088) 257,229 Balance at 30 September 2023 Balanee at I October 2022 Incoming resources Re50urces expcndcd Unrestricted funds General 42,664 30.355 (41,469} 31,550 Restricted funds 221.157 221,157 Total fund5 263,821 30,355 (41,469) 252,707 11 Analysis of net assets between funds Unrestricted funds General Total funds at 30 September 2024 Restricted funds Tangible fixed assets Current assets 11.049 15,731 223,157 234,206 15,731 Total net assets 26,780 223,157 249,937 Unrestricted funds General Total funds at 30 September 2023 Restricted funds Tangible fixed assets Current assets 11,049 9.821 223.157 234,206 9,821 Total net assets 20,870 223,157 244,027 Page 13