OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← Beacon Books And Crafts Limited

2025-01-31-accounts

BEACON BOOKS & CRAFTS LIMITED

REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

G. Thomas & Co.

Chartered Accountants

BEACON BOOKS AND CRAFTS LIMITED

REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

CONTENTS PAGE
Officers and professional advisers 2
Trustees annual report 3 - 4
Accountants report 5
Income and expenditure account 6
Balance sheet 7
Notes to the financial statements 8 - 13
The following pages do not form part of the financial statements 14

- 1 -

G. Thomas & Co.

Chartered Accountants

BEACON BOOKS AND CRAFTS LIMITED

REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

OFFICERS AND PROFESSIONAL ADVISERS

The trustees T. Jones
Dr. J. McGowan
A.R. Thomas
J.A. Cox
H.D. Crabb
Company secretary T. Jones
Registered office 28 The Parade
Cwmbran
Torfaen
Gwent
NP44 1PT
Bankers Lloyds Bank plc
1 Gwent Square
Cwmbran
Torfaen
Gwent
NP44 1XN
Accountants G. Thomas & Co
Chartered Accountants
12 Llwynderi Road
Newport
South Wales
NP20 4LW

- 2 -

G. Thomas & Co.

Chartered Accountants

BEACON BOOKS AND CRAFTS LIMITED

TRUSTEES ANNUAL REPORT

FOR THE YEAR ENDED 31 JANUARY 2025

The trustees, who are also directors for the purposes of the Companies Act, present their report and the unaudited financial statements of the company for the year ended 31 January 2025

METHOD OF APPOINTMENT OF TRUSTEES

Most of the trustees are nominated by local churches, each church entitled to one church representative/trustee. In addition there can also be up to four ad hoc trustees. All trustees must be in agreement with the charity's doctrinal basis.

CHARITABLE OBJECTS

The charity is company limited by guarantee and governed by its memorandum and articles. The object for which the company is established is to advance religion by spreading the Gospel of Jesus Christ and in furtherance of this the the company operates a shop for the purpose of selling Christian Literature, music and other related items. The company is a registered charity, number 517778, and its company registration number is 2030402.

The principal activity of the company during the year was the retailing of books and crafts.

REVIEW OF THE ACTIVITIES FOR THE YEAR

In the year to 31 January 2025 the ministry of the shop has been maintained as a service to the churches in the area and as a witness in the town centre to the whole community.

The trustees have managed the charity carefully and have continued to encourage gift support. Churches and Christians continue faithfully to support the ministry of the shop through regular gifts. The combination of careful management and gift income maintained the financial stability of the shop, resulted in a a trading deficit for the year. The trustees continue to look for new ways of bringing additional stability.

TRUSTEES

The trustees who served the company during the period were as follows:

T. Jones A.R. Thomas.

J.A. Cox H.D. Crabb Dr. J. McGowan

- 3 -

G. Thomas & Co.

Chartered Accountants

BEACON BOOKS AND CRAFTS LIMITED

TRUSTEES ANNUAL REPORT (continued)

FOR THE YEAR ENDED 31 JANUARY 2025

RESPONSIBILITIES OF THE TRUSTEES

Company law 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 company at the end of the year and of the incoming and outgoing resources for the year then ended.

In preparing these financial statements, the trustees are required to select suitable accounting policies and then apply them consistently, making judgements and estimates that are reasonable and prudent. The trustees must also prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue its activities.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006. The trustees are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

REPORTING ACCOUNTANTS

G. Thomas & Co will continue in office as reporting accountants for the ensuing year.

SMALL COMPANY PROVISIONS

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

BY ORDER OF THE TRUSTEES

………………………………………

T. Jones - Company Secretary

Approved by the trustees on 29 October 2025

- 4 -

G. Thomas & Co.

Chartered Accountants

BEACON BOOKS AND CRAFTS LIMITED

ACCOUNTANTS' REPORT TO THE MEMBERS OF BEACON BOOKS & CRAFTS LIMITED

FOR THE YEAR ENDED 31 JANUARY 2025

We report on the unaudited accounts for the year ended 31 January 2025 set out on pages 6 to 11

RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND THE REPORTING ACCOUNTANTS

As described on page 4 the trustee of the company are responsible for the preparation of the accounts, and they consider that the company is exempt from an audit. It is our responsibility to carry out procedures designed to enable us to report our opinion.

BASIS OF OUR OPINION

Our work was conducted in accordance with the Statement of Standards for Reporting Accountants, and so our procedures consisted of comparing the accounts with the accounting records kept by the company, and making such limited enquiries of the officers of the company as we considered necessary for the purposes of this report. These procedures provide only the assurance expressed in our opinion.

OPINION

In our opinion:

Dated 3 November 2025

G. THOMAS & CO

Chartered Accountants 12 Llwynderi Road Newport South Wales

NP20 4LW

- 5 -

G. Thomas & Co.

Chartered Accountants

BEACON BOOKS & CRAFTS LIMITED

REPORT AND FINANCIAL STATEMENTS INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 JANUARY 2025

Note
INCOMING RESOURCES
Gifts
2
Job retention scheme income
1
Other coronavirus grant income
1
Activities in furtherance of the charity's objects:
Operating activities
3
Interest receivable
4
Gross profit
RESOURCES EXPENDED
Charitable expenditure:
Costs in furtherance of charitable objects:
Staff costs
5
Depreciation and other costs
5
Management and administration
6
TOTAL RESOURCES EXPENDED
7
NET RESOURCES FOR THE YEAR
Balances brought forward
Balances carried forward		 Total Funds
2025
£
£
32,812
-
-
25,080
30
57,922
29,508
24,213
675
54,396
3,526
30
3,556		 Total Funds
2024
£
£
22,128
-
-
25,548
31
47,707
26,411
25,335
709
52,455
(4,748)
4,778
30		 Total Funds
2024
£
£
22,128
-
-
25,548
31
47,707
26,411
25,335
709
52,455
(4,748)
4,778
30
47,707
52,455
(4,748)
4,778
30

All movements are in Unrestricted Funds.

The company has no recognised gains or losses other than the results for the year as set out above.

All the activities of the company are classed as continuing

The notes on pages 8 to 12 form part of these financial statements

- 6 -

BEACON BOOKS & CRAFTS LIMITED

REPORT AND FINANCIAL STATEMENTS

BALANCE SHEET

AS AT 31 JANUARY 2025

AS AT 31 JANUARY 2025
**Note ** 2025 2024
£ £ £ £
FIXED ASSETS 10 - -
Tangible assets
CURRENTS ASSETS
Stocks 11 3,277 3,985
Debtors 12 2,380 242
Cash in Hand and at Bank 13 3,926 5,675
9,583 9,902
CREDITORS:Amounts falling due within one year 14 3,527 7,372
NET CURRENT ASSETS/(LIABILITIES) 6,056 2,530
TOTAL ASSETS LESS CURRENT LIABILITIES 6,056 2,530
CREDITORS:Amounts falling due after more than one year 15 2,500 2,500
TOTAL ASSETS/(LIABILITIES) 3,556 30
Financed By:
FUNDS:
Unrestricted 16 3,556 30
TOTAL FUNDS 3,556 30

The trustees are satisfied that the company is entitled to exemption from the provisions of the Companies Act 2006 (the Act) relating to the audit of the financial statements for the year by virtue of section 477, and that no member or members have requested an audit pusuant to section 476 of the Act.

The trustees acknowledge their responsibilities for:

(a). ensuring that the company keeps proper accounting records which comply with Section 386 of the Act, and

(b). preparing financial statements which give a true and fair view of the state of affairs of the company, as at the end of the financial year and of its profit or loss for the financial year in accordance with the requirements of Sections 394 and 395, and which otherwise comply with the requirements of the Act relating to financial statements, so far as applicable to the company.

These financial statements have been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.

These financial statements were approved by the trustees on the 29 October 2025 and are signed on their behalf by:

…………………………………………

The notes on pages 8 to 12 form part of these financial statements

- 7 -

BEACON BOOKS & CRAFTS LIMITED

REPORT AND FINANCIAL STATEMENTS

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2025

1 ACCOUNTING POLICIES

Basis of accounting

The financial statements are prepared in accordance with the Statement of Recommended Practice "Accounting and Reporting by Charities" (SORP 2000) and the Companies Act 2006.

Accounting convention

The financial statements are prepared under the historical cost convention.

Going Concern

The financial statements are prepared under the going concern basis

Cash flow statement

The trustees have taken advantage of the exemption in Financial Reporting Standard No 1 (Revised) from including a cash flow statement in the financial statements on the grounds that it qualifies as small.

Incoming resources

Donations are recognised when all conditions relating to their receipt have been met. All incoming resources are recognised without any netting off of related expenditure.

Tangible fixed assets

Depreciation is calculated so as to write of the cost of the asset, less its estimated residual value, over its useful economic life. The rates of depreciation are as follows:

Fixtures & fittings

Stocks

Stocks are stated at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Resources expended

Management and administration costsrelate to the costs of running the company as an organisationas listed in note 7, with all other costs being considered as directly relating to the provision of charitable services.

Charitable status

Beacon Books and Crafts Limited is a registered charity. Therefore, no provision has been made for taxation in these financial statements.

Liabilities

Liabilities are recognised by the charity once a legal or constructive obligation exists.

- 8 -

BEACON BOOKS & CRAFTS LIMITED

REPORT AND FINANCIAL STATEMENTS

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2025

1
OTHER INCOME
Job Retention scheme income
Local Authority coronavirus grant
2
GIFTS
Gifts
3
OPERATING ACTIVITIES
Shop Sales
4
INTEREST RECEIVABLE
Bank interest receivable
5
COSTS IN FURTHERANCE OF CHARITABLE OBJECTS
Provision of charitable services:
Cost of sales
Premises costs
Insurance
Staff costs
Office costs and sundries
Depreciation		 2025
£
-
-
2025
£
32,812
2025
£
25,080
2025
£
30
2025
£
11,821
11,070
450
29,508
872
-
53,721		 2024
£
-
-
2024
£
22,128
2024
£
25,548
2024
£
31
2024
£
13,176
10,943
424
26,411
792
-
51,746

- 9 -

BEACON BOOKS & CRAFTS LIMITED

REPORT AND FINANCIAL STATEMENTS

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2025

COSTS IN FURTHERANCE OF CHARITABLE OBJECTS ( Continued )

Analysis of provision of charitable services:

Cost of sales
Premises costs
Insurance
Staff costs
Office costs and sundries
Depreciation		 Staff
Costs
£
-
-
-
29,508
-		 Depreciation
£
-
-
-
-
-
-		 Other
Costs
£
11,821
11,070
450
-
872
-		 Total
2025
£
11,821
11,070
450
29,508
872
-		 Total
2024
£
13,176
10,943
424
26,411
792
-
29,508 - 24,213 53,721 51,746

6 MANAGEMENT AND ADMINISTRATION

Accountancy fees
Legal and professional
Interest payable and similar charges		 2025
£
-
-
675		 2024
£
-
-
709
675 709
Direct charitable expenditure
Management and administration		 Staff
Costs
£
29,508
-		 Depreciation
£
-
-		 Other
Costs
£
24,213
675		 Total
2025
£
53,721
675		 Total
2024
£
51,746
709
29,508 - 24,888 54,396 52,455
The aggregate payroll costs were:
2025 2024
£ £
Wages and salaries 29,508 26,411

No trustee received any remuneration during the year, nor was reimbursed any expenses ( 2024 - nil )

- 10 -

BEACON BOOKS & CRAFTS LIMITED

REPORT AND FINANCIAL STATEMENTS

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2025

TOTAL RESOURCES EXPENDED ( Continued )

8 Particulars of employees:

The average number of staff employed by the company during the financial year was:

Number of full time equivalent shop staff
9
OPERATING PROFIT/(LOSS)
Operating profit/(loss) is stated after charging:
Depreciation
10
TANGIBLE FIXED ASSETS
Opening Cost
Additions during the year
Disposals during the year
Closing Cost
Opening Depreciation
Charge for the year
Released on Disposals
Closing Depreciation
Net Book Values : This Year
Net Book Values : Last Year		 2025
No
2
2025
£
-
Fixtures
& Fittings
£
12,098
-
-
12,098
12,098
-
-
12,098
-
-		 2024
No
2
2024
£
-

- 11 -

BEACON BOOKS & CRAFTS LIMITED

REPORT AND FINANCIAL STATEMENTS

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2025

11
STOCKS
2025
£
Stocks
3,277
12
DEBTORS
2025
£
Trade Debtors
-
VAT
354
Prepayments
2,026
2,380
13
CASH IN HAND AND AT BANK
2025
£
Cash in hand and at bank
3,926
14
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
£
Trade creditors
3,527
VAT
-
Accruals
-
3,527
15
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025
£
Interest free long term loans
2,500
2,500
16
ANALYSIS OF NET ASSETS IN UNRESTRICTED FUNDS
2025
£
Tangible fixed assets
-
Other net assets
3,556
17
ULTIMATE CONTROLLING PARTY
There is no one ultimate controlling party of the charity.		 2024
£
3,985
2024
£
-
-
242
242
2024
£
5,675
2024
£
3,628
69
3,675
7,372
2024
£
2,500
2,500
2024
£
-
30

- 12 -

BEACON BOOKS & CRAFTS LIMITED

MANAGEMENT INFORMATION

FOR THE YEAR ENDED 31 JANUARY 2025

The following pages do not form part of the statutory financial statements which are the subject of the accountants' report on page 5

- 13 -

BEACON BOOKS & CRAFTS LIMITED

DETAILED STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 JANUARY 2025

FOR THE YEAR ENDED 31 JANUARY 2025
2025
£
£
INCOME
Gifts
32,812
Bank interest recievable
30
Shop sales
25,080
TOTAL INCOME
57,922
COSTS OF GENERATING FUNDS
Advertising costs
-
CHARITABLE EXPENDITURE
Cost of sales
11,821
Wages and salaries
29,508
Rent and service charge
9,776
Rates and water
211
Heat, Light & Power
1,041
Insurance
450
Repairs and renewals
42
Carriage and postage
-
Telephone
524
Sundry expenses
348
Depreciation
53,721
MANAGEMENT AND ADMINISTRATION
Legal fees
-
Reporting accountants' fees
-
-
INTEREST PAYABLE
Bank interest payable
-
Bank charges
675
675
TOTAL EXPENDITURE
54,396
NET (DEFICIT)/RESOURCES GENERATED IN THE YEAR
3,526		 2024
£
£
22,128
31
25,548
47,707
-
13,176
26,411
9,571
183
1,055
424
134
-
578
214
-
51,746
-
-
-
-
709
709
52,455
(4,748)
47,707
52,455
13,176
26,411
9,571
183
1,055
424
134
-
578
214
-
51,746
-
-
-
-
709
709
(4,748)

- 14 -