Docusign Envelope ID: 18FC3019-5FBF-4C68-ADE8-0BCF7DC17B70
**Charity number: 504644**
## **HEATH CHRISTIAN BOOKSHOP TRUST**
## **UNAUDITED**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 DECEMBER 2024**
Docusign Envelope ID: 18FC3019-5FBF-4C68-ADE8-0BCF7DC17B70
## **HEATH CHRISTIAN BOOKSHOP TRUST**
## **CONTENTS**
||Page|
|---|---|
|**Reference and administrative details of the Charity, its Trustees and advisers**|1|
|**Trustees' report**|2 - 4|
|**Independent examiner's report**|5|
|**Statement of financial activities**|6|
|**Balance sheet**|7|
|**Notes to the financial statements**|8 - 19|
Docusign Envelope ID: 18FC3019-5FBF-4C68-ADE8-0BCF7DC17B70
## **HEATH CHRISTIAN BOOKSHOP TRUST**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024**
|**Trustees**|A C Piroozi|
|---|---|
||Rev AW Hughes|
||K Orchard|
||C Prothero|
||A J Lee|
||Rev NL Munday (appointed 12 September 2024)|
||P C Clee (appointed 7 November 2024)|
|**Charity registered**
**number**
504644
**Principal office**
122 Whitchurch Road
Cardiff
CF14 3LZ
**Senior staff**
R Hate
**Accountants**
MHA
MHA House
Charter Court
Swansea Enterprise Park
Swansea
SA7 9FS
**Bankers**
Natwest Bank
207 Richmond Road
Roath
Cardiff
CF24 3UX||
Page 1
Docusign Envelope ID: 18FC3019-5FBF-4C68-ADE8-0BCF7DC17B70
## **HEATH CHRISTIAN BOOKSHOP TRUST**
**TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2024**
The Trustees present their annual report together with the financial statements of the Charity for the year 1 January 2024 to 31 December 2024.
## **Objectives and activities**
## **a. Policies and objectives**
The object of the charity is to advance the Christian religion by selling Christian literature, cards, recordings and other related goods.
## **b. Public benefit**
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
## **Achievements and performance**
## **a. Main achievements of the Charity**
The trust has operated from its premises at 122 Whitchurch Road throughout the year under review, where the premises provided excellent facilities for activities to further its objects by the promotion of Christian literature. The premises were open to the public daily apart from on public holidays and Sundays.
Throughout the year the trust provided:
- access to comfortable seating in adjacent premises for reading;
- access to certain free Christian literature;
- bookstalls as requested off the premises;
- facilities for hosting new book launches and other events such as book reviews of Christian literature;
- support for the promotion of Christian literature by hosting and supplying monthly reading groups; and
- provision of discounted stock for public purchase during Christian holiday periods.
The trust operated a website which was used to promote Christian literature and recordings; it also served as a medium for contacting the bookshop.
## **Financial review**
## **a. Going concern**
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
## **b. Reserves policy**
The trustees have reviewed and agreed the reserves policy which requires sufficient free reserves (unrestricted funds less unrestricted fixed assets) to be maintained to meet six months’ operating expenses.
Page 2
Docusign Envelope ID: 18FC3019-5FBF-4C68-ADE8-0BCF7DC17B70
## **HEATH CHRISTIAN BOOKSHOP TRUST**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024**
## **c. Financial review**
Total income reported for the year £63,373 (2023: £66,669) upon which an unrestricted deficit of £3,054 (2023: surplus of £866) has been reported.
The total funds of the charity at the year end were £61,228 all of which were unrestricted, of which £917 is made up of tangible fixed assets leaving £60,311 as the total free reserves of the charity.
The object of the charity is to have sufficient reserves to finance its stock and fixed assets and sufficient cash to avoid the need for bank or other borrowings.
The current level of reserves is regarded as satisfactory.
## **Structure, governance and management**
## **a. Constitution**
Heath Christian Bookshop Trust is a registered charity, number 504644, and is constituted under a Trust deed.
## **b. Methods of appointment or election of Trustees**
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
The trustees, including all those who served during the year, are set out on page 1. Trustees are appointed by the existing body trustees.
When the trustees meet, decisions are taken on a majority basis. A quorum of three trustees is required in meetings.
## **c. Relationship to Heath Evangelical Church**
The charity was originally set up by members of Heath Evangelical Church, Cardiff and this church has supported the charity financially since then.
So far as possible the Pastor of the church shall be a trustee of the charity.
Page 3
Docusign Envelope ID: 18FC3019-5FBF-4C68-ADE8-0BCF7DC17B70
## **HEATH CHRISTIAN BOOKSHOP TRUST**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024**
## **Statement of Trustees' responsibilities**
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by:
## **A J Lee**
(Trustee) Date:
September 24, 2025
Page 4
Docusign Envelope ID: 18FC3019-5FBF-4C68-ADE8-0BCF7DC17B70
## **HEATH CHRISTIAN BOOKSHOP TRUST**
**INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024**
## **Independent examiner's report to the Trustees of Heath Christian Bookshop Trust ('the Charity')**
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 December 2024.
## **Responsibilities and basis of report**
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed: Dated:
Rachel Doyle
ACA DChA
MHA House Charter Court Swansea SA7 9FS
Page 5
Docusign Envelope ID: 18FC3019-5FBF-4C68-ADE8-0BCF7DC17B70
## **HEATH CHRISTIAN BOOKSHOP TRUST**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024**
|**Note**
**Income from:**
Donations and legacies
3
Charitable activities
4
Investments
5
**Total income**
**Expenditure on:**
Charitable activities
6
**Total expenditure**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Restricted**
**funds**
**2024**
**£**
**9,000**
**-**
**-**
**9,000**
**9,000**
**9,000**
**-**
**-**
**-**
**-**|**Unrestricted**
**funds**
**2024**
**£**
**4,644**
**49,217**
**512**
**54,373**
**57,427**
**57,427**
**(3,054)**
**64,282**
**(3,054)**
**61,228**|**Total**
**funds**
**2024**
**£**
**13,644**
**49,217**
**512**
**63,373**
**66,427**
**66,427**
**(3,054)**
**64,282**
**(3,054)**
**61,228**|_Total_
_funds_
_2023_
_£_
_12,439_
_53,864_
_366_
_66,669_|
|---|---|---|---|---|
|||||_65,803_
_65,803_|
|||||_866_|
|||||_63,416_
_866_
_64,282_|
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 8 to 19 form part of these financial statements.
Page 6
Docusign Envelope ID: 18FC3019-5FBF-4C68-ADE8-0BCF7DC17B70
## **HEATH CHRISTIAN BOOKSHOP TRUST**
## **BALANCE SHEET AS AT 31 DECEMBER 2024**
||||**2024**|**2024**|_2023_|
|---|---|---|---|---|---|
||**Note**||**£**||_£_|
|**Fixed assets**||||||
|Tangible assets|10||**917**||_1,146_|
||||**917**||_1,146_|
|**Current assets**||||||
|Stocks|11|**23,138**||_23,771_||
|Debtors|12|**1,113**||_1,115_||
|Cash at bank and in hand||**43,491**||_41,421_||
|||**67,742**||_66,307_||
|**Current liabilities**||||||
|Creditors: amounts falling due within one||||||
|year|13|**(7,431)**||_(3,171)_||
|**Net current assets**|||**60,311**||_63,136_|
|**Total assets less current liabilities**|||**61,228**||_64,282_|
|**Net assets excluding pension asset**|||**61,228**||_64,282_|
|**Total net assets**|||**61,228**||_64,282_|
|**Charity funds**||||||
|Restricted funds|14||**-**||_-_|
|Unrestricted funds|14||**61,228**||_64,282_|
|**Total funds**|||**61,228**||_64,282_|
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
## **A J Lee**
(Trustee)
> Date: September 24, 2025
The notes on pages 8 to 19 form part of these financial statements.
Page 7
Docusign Envelope ID: 18FC3019-5FBF-4C68-ADE8-0BCF7DC17B70
## **HEATH CHRISTIAN BOOKSHOP TRUST**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **1. General information**
Heath Christian Bookshop is an unincorporated charity in Wales within the United Kingdom. The principal address is 122 Whitchurch Road, Heath, Cardiff, CF14 3LZ.
The financial statements are presented in Sterling (£), the charity's functional currency, and rounded to the nearest pound.
The principal activities and nature of the charity's operations is to advance the Christian religion by selling Christian literature, cards, recordings and other related goods.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
## **2. Accounting policies**
## **2.1 Basis of preparation of financial statements**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
Heath Christian Bookshop Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
## **2.2 Going concern**
The trustees and senior management have concluded that the financial statements should be prepared on a going concern basis and no adjustments or additional disclosures are required to the financial statements at this time.
## **2.3 Income**
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
## **2.4 Donations and legacies income**
Donations and legacies income includes donations and gifts that provide core funding or are of a general nature and are recognised where there is entitlement, probability of receipt and the amount can be measured with sufficient reliability. Such income is only deferred when the donor specifies it must be used in future accounting periods or the donor has imposed conditions which must be met before the charity has unconditional entitlement.
## **2.5 Income from charitable activities**
Income from charitable activities includes income received from Bookshop sales. This income is recognised at the point of sale.
Page 8
Docusign Envelope ID: 18FC3019-5FBF-4C68-ADE8-0BCF7DC17B70
## **HEATH CHRISTIAN BOOKSHOP TRUST**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **2. Accounting policies (continued)**
## **2.6 Investment income**
Investment income is recognised on a receivable basis.
## **2.7 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
## **2.8 Tangible fixed assets and depreciation**
Tangible fixed assets costing £500 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .
Depreciation is provided on the following basis:
Fixtures and fittings
-
20% reducing balance
## **2.9 Stocks**
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
## **2.10 Taxation**
The charity is exempt from tax on its charitable activities.
## **2.11 Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Page 9
Docusign Envelope ID: 18FC3019-5FBF-4C68-ADE8-0BCF7DC17B70
## **HEATH CHRISTIAN BOOKSHOP TRUST**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **2. Accounting policies (continued)**
## **2.12 Liabilities and provisions**
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
## **2.13 Financial instruments**
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **2.14 Pensions costs and other post-retirement benefits**
The charitable company maks contributions to personal pension schemes on behalf of its employees. Contributions are charged to the Statement of Financial Activities in the period to which they relate.
## **2.15 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
Page 10
Docusign Envelope ID: 18FC3019-5FBF-4C68-ADE8-0BCF7DC17B70
## **HEATH CHRISTIAN BOOKSHOP TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **3. Income from donations and legacies**
|Gifts and donations
Gifts and donations|**Restricted**
**funds**
**2024**
**Unrestricted**
**funds**
**2024**
**£**
**£**
9,000
4,644
_Restricted_
_funds_
_2023_
_Unrestricted_
_funds_
_2023_
_£_
_£_
_9,000_
_3,439_|**Total**
**funds**
**2024**
**£**
**13,644**|
|---|---|---|
|||_Total_
_funds_
_2023_
_£_
_12,439_|
## **4. Income from charitable activities**
|**Unrestricted**
**funds**
**2024**
**£**
Sale of Christian literature
49,217
_Unrestricted_
_funds_
_2023_
_£_
Sale of Christian literature
_53,864_|**Total**
**funds**
**2024**
**£**
**49,217**|
|---|---|
||_Total_
_funds_
_2023_
_£_
_53,864_|
## **5. Investment income**
||**Unrestricted**|**Total**|
|---|---|---|
||**funds**|**funds**|
||**2024**|**2024**|
||**£**|**£**|
|Deposit account interest|512|**512**|
Page 11
Docusign Envelope ID: 18FC3019-5FBF-4C68-ADE8-0BCF7DC17B70
## **HEATH CHRISTIAN BOOKSHOP TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **5. Investment income (continued)**
||_Unrestricted_|_Total_|
|---|---|---|
||_funds_|_funds_|
||_2023_|_2023_|
||_£_|_£_|
|Deposit account interest|_366_|_366_|
## **6. Analysis of expenditure on charitable activities**
## **Summary by fund type**
|Sale of Christian literature
Sale of Christian literature|**Restricted**
**funds**
**2024**
**Unrestricted**
**funds**
**2024**
**£**
**£**
9,000
57,427
_Restricted_
_funds_
_2023_
_Unrestricted_
_funds_
_2023_
_£_
_£_
_9,000_
_56,803_|**Total**
**2024**
**£**
**66,427**|
|---|---|---|
|||_Total_
_2023_
_£_
_65,803_|
## **7. Analysis of expenditure by activities**
||**Activities**|||
|---|---|---|---|
||**undertaken**|**Support**|**Total**|
||**directly**|**costs**|**funds**|
||**2024**|**2024**|**2024**|
||**£**|**£**|**£**|
|Sale of Christian literature|62,107|4,320|**66,427**|
Page 12
Docusign Envelope ID: 18FC3019-5FBF-4C68-ADE8-0BCF7DC17B70
## **HEATH CHRISTIAN BOOKSHOP TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **7. Analysis of expenditure by activities (continued)**
||_Activities_|||
|---|---|---|---|
||_undertaken_|_Support_|_Total_|
||_directly_|_costs_|_funds_|
||_2023_|_2023_|_2023_|
||_£_|_£_|_£_|
|Sale of Christian literature|_61,387_|_4,416_|_65,803_|
## **Analysis of support costs**
|Depreciation
Independent examination
Advertising
Computer expenses
Equipment rental
Finance
Depreciation
Independent examination
Advertising
Computer expenses
Equipment rental
Finance|**Activities**
**2024**
**£**
229
1,585
188
1,631
180
507
4,320
_Activities_
_2023_
_£_
_276_
_975_
_404_
_1,635_
_15_
_1,111_
_4,416_|**Total**
**funds**
**2024**
**£**
**229**
**1,585**
**188**
**1,631**
**180**
**507**
**4,320**|
|---|---|---|
|||_Total_
_funds_
_2023_
_£_
_276_
_975_
_404_
_1,635_
_15_
_1,111_
_4,416_|
Page 13
Docusign Envelope ID: 18FC3019-5FBF-4C68-ADE8-0BCF7DC17B70
## **HEATH CHRISTIAN BOOKSHOP TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **8. Staff costs**
|Wages and salaries
Other pension costs|**2024**
**£**
**26,900**
**1,285**
**28,185**|_2023_
_£_
_24,737_
_1,237_|
|---|---|---|
|||_25,974_|
The average number of persons employed by the Charity during the year was as follows:
||**2024**|_2023_|
|---|---|---|
||**No.**|_No._|
|Total|**1**|_1_|
No employee received remuneration amounting to more than £60,000 in either year.
## **9. Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits _(2023 - £NIL)_ .
During the year ended 31 December 2024, no Trustee expenses have been incurred _(2023 - £NIL)_ .
Page 14
Docusign Envelope ID: 18FC3019-5FBF-4C68-ADE8-0BCF7DC17B70
## **HEATH CHRISTIAN BOOKSHOP TRUST**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
|**10.**
**Tangible fixed assets**
**Cost or valuation**
At 1 January 2024
At 31 December 2024
**Depreciation**
At 1 January 2024
Charge for the year
At 31 December 2024
**Net book value**
At 31 December 2024
_At 31 December 2023_
**11.**
**Stocks**
**2024**
**£**
Stocks
**23,138**|**Fixtures and**
**fittings**
**£**
**34,139**|
|---|---|
||**34,139**|
||**32,993**
**229**|
||**33,222**|
||**917**|
||_1,146_|
||_2023_
_£_
_23,771_|
Page 15
Docusign Envelope ID: 18FC3019-5FBF-4C68-ADE8-0BCF7DC17B70
## **HEATH CHRISTIAN BOOKSHOP TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **12. Debtors**
|**Due within one year**
Trade debtors
Other debtors
Prepayments and accrued income|**2024**
**£**
**389**
**73**
**651**
**1,113**|_2023_
_£_
_432_
_64_
_619_|
|---|---|---|
|||_1,115_|
## **13. Creditors: Amounts falling due within one year**
|Trade creditors
Other creditors
Accruals and deferred income|**2024**
**£**
**1,880**
**51**
**5,500**
**7,431**|_2023_
_£_
_2,078_
_143_
_950_|
|---|---|---|
|||_3,171_|
Page 16
Docusign Envelope ID: 18FC3019-5FBF-4C68-ADE8-0BCF7DC17B70
## **HEATH CHRISTIAN BOOKSHOP TRUST**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **14. Statement of funds**
**Statement of funds - current year**
|**Unrestricted funds**
General Funds
**Restricted funds**
Salary Fund
**Total of funds**
**Statement of funds - prior year**
**Unrestricted funds**
General Funds
**Restricted funds**
Salary Fund
**Total of funds**|**Balance at 1**
**January**
**2024**
**£**
**64,282**
**-**
**64,282**
_Balance at_
_1 January_
_2023_
_£_
_63,416_
_-_
_63,416_|**Income**
**£**
**54,373**
**9,000**
**63,373**
_Income_
_£_
_57,669_
_9,000_
_66,669_|**Expenditure**
**£**
**(57,427)**
**(9,000)**
**(66,427)**
_Expenditure_
_£_
_(56,803)_
_(9,000)_
_(65,803)_|**Balance at**
**31**
**December**
**2024**
**£**
**61,228**|
|---|---|---|---|---|
|||||**-**|
|||||**61,228**|
|||||_Balance at_
_31_
_December_
_2023_
_£_
_64,282_|
|||||_-_|
|||||_64,282_|
Page 17
Docusign Envelope ID: 18FC3019-5FBF-4C68-ADE8-0BCF7DC17B70
## **HEATH CHRISTIAN BOOKSHOP TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **15. Summary of funds**
## **Summary of funds - current year**
|General funds
Restricted funds
**Summary of funds - prior year**
General funds
Restricted funds|**Balance at 1**
**January**
**2024**
**£**
**64,282**
**-**
**64,282**
_Balance at_
_1 January_
_2023_
_£_
_63,416_
_-_
_63,416_|**Income**
**£**
**54,373**
**9,000**
**63,373**
_Income_
_£_
_57,669_
_9,000_
_66,669_|**Expenditure**
**£**
**(57,427)**
**(9,000)**
**(66,427)**
_Expenditure_
_£_
_(56,803)_
_(9,000)_
_(65,803)_|**Balance at**
**31**
**December**
**2024**
**£**
**61,228**
**-**
**61,228**|
|---|---|---|---|---|
|||||_Balance at_
_31_
_December_
_2023_
_£_
_64,282_
_-_
_64,282_|
## **Salary fund**
During the year, the charity received restricted donations from the Heath Evangelical Church amounting to £9,000 to assist in the payment of salaries and other costs.
## **16. Analysis of net assets between funds**
## **Analysis of net assets between funds - current period**
|**Unrestricted**
**funds**
**2024**
**£**
Tangible fixed assets
917
Current assets
67,742
Creditors due within one year
(7,431)
**Total**
61,228|**Total**
**funds**
**2024**
**£**
**917**
**67,742**
**(7,431)**
**61,228**|
|---|---|
Page 18
Docusign Envelope ID: 18FC3019-5FBF-4C68-ADE8-0BCF7DC17B70
## **HEATH CHRISTIAN BOOKSHOP TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **16. Analysis of net assets between funds (continued)**
## **Analysis of net assets between funds - prior period**
|Tangible fixed assets
Current assets
Creditors due within one year
**Total**|_Unrestricted_
_funds_
_2023_
_£_
_1,146_
_66,307_
_(3,171)_
_64,282_|_Total_
_funds_
_2023_
_£_
_1,146_
_66,307_
_(3,171)_
_64,282_|
|---|---|---|
## **17. Employee benefit obligations**
During the year ended 31 December 2024 the charity made contributions totally £1,285 (2023: £1,237) to its employee's pension plan. There were no outstanding contributions payable at the year end (2023: Nil).
## **18. Related party disclosures**
The charity is connected with the Heath Evangelical Church in that it has trustees in common. The charity received gifts from Heath Evangelical Church in the sum of £9,000 (2023: £9,000) during the year to assist with payment of salaries.
Page 19
Docusign Envelope ID: 18FC3019-5FBF-4C68-ADE8-0BCF7DC17B70
## **Private and Confidential**
Heath Christian Bookshop Trust 122 Whitchurch Road Cardiff CF14 3LZ
MHA MHA House Charter Court Swansea Enterprise Park Swansea SA7 9FS
To Whom it may concern,
## **CONFIRMATION OF REPRESENTATIONS**
We confirm to the best of our knowledge and belief that the following representations are made on the basis of having made appropriate enquiries of other trustees and officials of the charity with relevant knowledge and experience and, where appropriate, of inspection of supporting documentation sufficient to satisfy ourselves that, the following representations can be properly made to you in connection with your independent examiner’s report on the charity’s financial statements for the year ended 31 December 2024:
**1. General**
- We have fulfilled our responsibilities as trustees as set out in the terms of your engagement letter dated 23 October 2024 under the Charities Act 2011 for preparing financial statements which give a true and fair view in accordance with United Kingdom Accounting Standards (UK Generally Accepted Accounting Practice) (UK GAAP), including the Statement of Recommended Practice, ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102), issued by the joint SORP making body, and for making accurate representations to you.
**2.** The charity is entitled to exemption from audit and at no time during the year fell into an excluded category. We confirm that the members have not required the charity to obtain an audit of its financial statements for the financial year.
**3.** We acknowledge that the work performed by you is substantially less in scope that an audit performed in accordance with International Standards on Auditing (UK) and that you do not express an audit opinion.
**4.** We have made available to you all documents, including minutes of management meetings, necessary for your report. All the charity’s transactions have been properly reflected and recorded in the accounting records produced to you. We have not withheld any information, the knowledge of which would cause you to take a different view in your report.
**5.** The financial statements are free of material misstatements, including omissions.
Docusign Envelope ID: 18FC3019-5FBF-4C68-ADE8-0BCF7DC17B70
## **6. Internal control and fraud**
We acknowledge our responsibility for the design, implementation and maintenance of internal control systems to prevent and detect fraud and error. We have disclosed to you the results of our assessment of the risk that the financial statements may be materially misstated as a result of fraud.
We are not aware of any actual, suspected or alleged instances of fraud or irregularities affecting the charity involving management, employees who have a significant role in internal control, volunteers or anyone else where the fraud or irregularities could have a material effect on the financial statements.
**7.** We confirm we have disclosed to you all information in relation to allegations of fraud or suspected fraud affecting the charity’s financial statements communicated by current or former employees, analysts, regulators or others.
## **8. Going concern**
We believe that the charity’s financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support will be adequate for the charity’s needs. We also confirm our plans for future action(s) required to enable the charity to continue as a going concern are feasible. We have considered a period of twelve months from the date of approval of the financial statements. We believe that no further disclosures relating to the charity’s ability to continue as a going concern need to be made in the financial statements. We are not aware of any material uncertainties or doubts about the ability of the charity to continue as a ‘going concern’ for the foreseeable future.
## **9. Laws and regulations**
We are not aware of any events which involve possible non-compliance with statute, regulations, contracts, agreements or the charity’s constitution which might prejudice the charity’s going concern status or that might result in the charity suffering significant penalties or other loss.
## **10. Assets and liabilities**
The charity has satisfactory title to all assets and there are no liens or encumbrances on the charity’s assets, except for those that are disclosed in the notes to the financial statements.
**11.** We have recorded, as appropriate, all liabilities, both actual and contingent and have disclosed in the notes to the financial statements all guarantees that we have given to third parties.
**12.** We have no plans or intentions that may materially alter the carrying value and where relevant the fair value measurements or classification of assets and liabilities reflected in the financial statements.
## **13. Accounting estimates**
The methods, data and significant assumptions used by us in making accounting estimates, and their related disclosures, are appropriate to achieve recognition, measurement and disclosure that is reasonable in the context of the UK GAAP financial reporting framework, including the Statement of Recommended Practice ‘Charities SORP (FRS102) (second edition – October 2019), issued by the joint SORP making body.
## **14. Loans and arrangements with officers**
The charity has not granted any advances or credit facilities or made guarantees on behalf of directors or trustees other than those disclosed in the financial statements.
## **15. Legal claims**
All claims in connection with litigation that have been, or are expected to be, received have been properly accrued for in the financial statements.
Docusign Envelope ID: 18FC3019-5FBF-4C68-ADE8-0BCF7DC17B70
## **16. Ultimate controlling party**
There is no ultimate controlling party.
## **17. Transactions with related parties**
Related party relationships and transactions have been appropriately accounted for and disclosed in the financial statements. We have disclosed to you all relevant information concerning such relationships and transactions and are not aware of any other matters which require disclosure in order to comply with the requirements of the Charities Act 2011 or accounting standards.
## **18. Subsequent Events**
All events subsequent to the date of the financial statements which require adjustment or disclosure have been properly accounted for and disclosed.
## **19. Grants and donations**
All grants, donations and other income, the receipt of which is subject to specific terms or conditions, have been notified to you. There have been no breaches of terms or conditions during the period in the application of such income.
## Restricted grants and donations are as follows:
- £9,000 from Heath Evangelic Church for salaries.
## **20. Electronic publication of accounts**
We do not intend to distribute or publish the financial statements in electronic form,
Yours faithfully
.........................................
## Andrew Lee
.........................................
Signed on behalf of the trustees:
Date of approval of accounts by Board: ...................................... September 24, 2025