REGISTERED CHARITY NUMBER : 516903
SAVE TO SERVE TRUST
FINANCIAL STATEMENTS
Year ended 31 March 2024
Andrew M. Girling & Co. Chartered Certified Accountants
11 High Street, Ruddington, Notts., NG11 6DT Tel. : 0115 921 4035 / Fax : 0115 921 4037
SAVE TO SERVE TRUST FINANCIAL STATEMENTS Year ended 31 March 2024
Contents
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Description Page
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| Charity Particulars | 2 |
|---|---|
| Trustees Report | 3 - 4 |
| Treasurers Report | 5 |
| Independent Examiners Report | 6 |
| Income and Expenditure Account | 7 |
| Balance Sheet | 8 |
| Notes to the Accounts | 9 - 11 |
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CHARITY PARTICULARS
SAVE TO SERVE TRUST FINANCIAL STATEMENTS Year ended 31 March 2024
| Registered Charity No : | 516903 |
|---|---|
| Independent Examiners : | 3 Church Street |
| Ruddington | |
| Nottinghamshire | |
| NG11 6HA | |
| Independent Examiners : | Girlings & Co. |
| Chartered Certified Accountants | |
| 11 High Street | |
| Ruddington | |
| Nottinghamshire | |
| NG11 6DT | |
| Bankers : | Barclays Bank |
| Tudor Square | |
| West Bridgford | |
| Nottinghamshire | |
| NG2 6BT |
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SAVE TO SERVE TRUST FINANCIAL STATEMENTS Year ended 31 March 2024
TRUSTEES REPORT
Introduction
The Saved to Serve Trust, is a registered charity and as such in accordance with current legislation, has a responsibility to its members to show that the aims of the trust are met. The trust registration number is 516903.
Aims of Trust
Summarised, these are for the relief of need, hardship and distress in both local and international areas.
Trustees
The trustees during the year and at the year end were:
Valma Morley Kirsten Bairstow Robb (Treasurer) Chris Parton (Chairman) Zoë Parton (Shop Manager) Jo Kythreotis Audrey Prior Julian Eve
The Trustees always open meetings with scripture and prayer as we are about The Lords work, equally and for the same reason shop helpers are encouraged to start their session with a time of prayer.
Financial Reports and Affairs
Attached are the income and expenditure accounts for the year along with the Treasurers' report. In addition to the financial giving the Trust continues to be involved both locally and worldwide. For understandable reasons many of our gifts need to be kept confidential, further details of our giving is shown in the Treasurer's report.
The Honeycomb Shop
The Honeycomb is in an ideal position for us to outreach to Ruddington. The Honeycomb shop also carries a responsibility to be a good Christian witness and to this end also stocks Christian literature and cards. The Honeycomb continues to be a very busy place with many people involved in both, serving at the counter but also behind the scenes, sorting and sifting all the many donations we receive and then displaying in the shop for sale.
Continued…
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SAVE TO SERVE TRUST FINANCIAL STATEMENTS
Year ended 31 March 2024
TRUSTEES REPORT (Continued...)
Continued…
In this time of economic and cost of living distress suffered by many people here and abroad and limited local council spending on relief funding and supplementary grants it continues to be a joy and privilege when we are able help those in the locality and plus some financial gifts - nationally and internationally
The beginning of the financial year we continued to prioritised local request giving first while still being able to give some funding to national and international works. Our local giving in Nottinghamshire has partially come from- individual requests to The Trust –such as ’local’ football charity and from community groups such Stathern Lodge-( holidays for disadvantaged children) –whereas quite a number have come from Rushcliffe Children’s Services and other local Nottinghamshire Children’s Services to help various families with items such as cookers and carpets.
Some of our international giving we have been able to send funds to some to projects that we have supported long term : The Tender Heart Foundation- ministering to the poor in Goa, India - Mercy Ships - offering medical care to the poor in various countries abroad.. Also we were able to give to the work Starfish Malawi -organisation working within education; agriculture, vocational training, health and social care for children and young people in Malawi .This year we have given half our profits for two weeks to the crisis happening in the Ukraine. .We continue to send regular clothing parcels to Raquel and Max Candida who support the underprivileged in Peru.
In addition unsold items go to help various charities and organisations such the Friary Drop In -for homeless individuals – headquarters West Bridgford Nottingham.
We increased our funding through some ongoing sales from Ebay sales and Hansons Auctioneers
Special events such as the Village Christmas Fayre which has become an annual event has added revenue to our funds
We are always about the Lord's work to provide encouragement, or a listening ear, or offer prayer to bring the message of God's Love to the village and our visitors to Honeycomb
We pray that His work will continue to His Glory
C. Parton
Chairman
Date ________
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SAVE TO SERVE TRUST FINANCIAL STATEMENTS
Year ended 31 March 2024
TREASURERS REPORT
Financial Review for the year
This has been another encouraging year for the Saved to Serve Trust and we are grateful to our customers and volunteers for their continued support.
Annual income was slightly lower this year £45,767 (compared to £47,623 the prior year) We are finding that as people experience difficult financial times they are willing to consider purchasing second hand goods and clothes and this has helped to boost our income. Like all individuals and businesses in the UK we are however, finding that the utilities bills and other subscriptions have increased significantly
Although our income decreased this year, our giving was higher this year, £8,029 in 2023 compared to £6,224 in 2023. There is no significant reason for this, but as a Trust we seek to discern where money is best used and give in accordance with the availability of funds as requests come in. We continue to support the needs of those people in need locally as well as those further afield in the UK and where appropriate, abroad.
As the Honeycomb shop enters its 39th year of trading under the guidance of the Saved to Serve Trust, we recognise the privilege of maintaining a Christian presence in Ruddington.
As Trustees we continue to put our faith in God and trust in him for direction during the oncoming year.
K. Bairstow-Robb
Treasurer
Date ________
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SAVE TO SERVE TRUST FINANCIAL STATEMENTS
Year ended 31 March 2024
TREASURERS REPORT
We report on the accounts for the charity for the year ended 31st March 2024, which are set out on pages 7 to 11.
Respective responsibilities of Trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required under section 43(2) of the Charities Act 1993 and that an independent examination is needed.
It is my responsibility to;
• examine the accounts under section 43 of the 1993 Act;
• follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 43 (7)(b) of the 1993 Act); and
• State whether particular matters have come to my attention
Basis of Independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the Accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'True and Fair view' and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with our examination, no matter has come to my attention;
1). Which gives us reasonable cause to believe that in any material respect the requirements
• to keep accounting records in accordance with section 41 of the 1993 Act; and
• to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 1993 Act have not been met; or
2). to which in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Date: ______
Andrew M. Girling & Co.
Chartered Certified Accountants 11 High Street Ruddington Nottingham NG11 6DT
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SAVE TO SERVE TRUST FINANCIAL STATEMENTS
Year ended 31 March 2024
BALANCE SHEET
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NOTES 2024 2023
£ £ £ £ £ £
Non-current Assets
Tangible Assets 2 15,478 15,543
15,478 15,543
Current Assets
Bank and Cash in Hand 10,021 10,749
Prepayments 3 2,179 2,040
12,200 12,789
Liabilities : Amounts falling due
within one year
Accruals 4 1,438 670
1,438 670
Net Current Assets 10,762 12,119
TOTAL NET ASSETS 26,240 27,662
Capital
Previous Balance 27,662 23,949
Surplus(Deficit) for the Year - 1,423 3,714
Balance for the Year 26,240 27,662
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SAVE TO SERVE TRUST FINANCIAL STATEMENTS Year ended 31 March 2024
INCOME & EXPENDITURE ACCOUNT
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NOTES 2024 2023
£ £ £ £ £ £
Income
Till Receipts 45,767 47,263
45,767 47,263
Less Cost of Sales;
Purchases for Resale 3,493 3,220
3,493 3,220
Expenditure
Wages 11,488 10,403
Rent & Rates 15,392 15,363
Heat & Light 4,600 2,496
Insurance 818 761
Premises Repairs 95 1,528
Windows & Garden Maintenance 237 1,377
Printing, Postage & Stationary 234 157
Computer & Software Costs 168 -
Telephone 545 553
Sundries & Travel 246 225
Refreshments 185 84
Legal & Professional 600 798
Bank Charges - 45
Subscriptions 996 240
Gifts - Confidential 8,029 6,224
Depreciation 65 77
43,697 40,329
Net Surplus/Deficit - 1,423 3,714
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SAVE TO SERVE TRUST FINANCIAL STATEMENTS
Notes to the Accounts
Year ended 31 March 2024
1 ACCOUNTING POLICIES
Accounting Convention
The financial statements have been prepared on a receipts and payment basis, which is consistent with previous years.
Compliance with Accounting Standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and have been applied consistently (except otherwise stated).
Turnover
The Income shown in the income and expenditure statement represents amounts received during the year.
Depreciation
Depreciation is calculated so as to write off the cost of an asset over the useful economic life of that asset as follows;
Fixtures & Fittings
15% Reducing Balance
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Notes to the Accounts
SAVE TO SERVE TRUST FINANCIAL STATEMENTS
Year ended 31 March 2024
3 TANGIBLE FIXED ASSET REGISTER
| COST As at the 01 April 2023 Additions Disposals As at the 31 March 2024 DEPRECIATION As at the 01 April 2023 Charge for the period On disposals As at the 31 March 2024 NET BOOK VALUE As at the 31 March 2024 As at the 01 April 2023 |
Property Investments £ 15,109 - - 15,109 - - - - 15,109 15,109 |
Fixtures & Fittings £ 3,238 - - 3,238 2,804 65 - 2,869 369 434 |
TOTAL £ 18,347 - - 18,347 2,804 65 - 2,869 15,478 15,543 |
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SAVE TO SERVE TRUST FINANCIAL STATEMENTS Year ended 31 March 2024
Notes to the Accounts
3 PREPAYMENTS
| Rent Water Rates Subscriptions Insurance 4 ACCRUALS Accountancy Bookkeeping Software |
2024 £ 1,250 69 414 446 2,179 2024 £ 1,150 120 168 1,438 |
2023 £ 1,250 62 420 307 2,758 2023 £ 550 120 670 |
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