## **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:
- (a) The accounts are in agreement with those accounting records kept by the company under section 386 of the Companies Act 2006:
- (b) having regard only to, and on the basis of, the information contained in those accounting records:
- (i) the accounts have been drawn up in a manner consistent with the accounting requirements specified in sections 394 and 395 of the Act; and
- (ii) the company satisfied the conditions for exemption from an audit of the accounts for the year specified in section 477 of the Act and did not, at any time within that year, fall within any of the categories of companies not entitled to the exemptions specified therein.
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:
…………………………………………
- T. Jones - Company Secretary
**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
- 12.5% per annum, straight line basis.
## **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|
- **7 TOTAL RESOURCES EXPENDED**
|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 -**