COMPANY REGISTRATION NUMBER: N1027217 CHARITY REGISTRATION NUMBER: NIC105253 The Churches. Trust Limited Company Limited by Guarantee Unaudited Financial Statements 31 March 2025 DONALDSON THOMPSON Chartered Accountants 3 Limavady Road Londonderry BT47 6JU
The Churches, Trust Limited Company Limited by Guarantee Financial Statements Year ended 31 March 2025 Page Trustees, annual report (incorporating the directors, report) Independent examiner's report to the trustees statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements 11
The Churches. Trust Limited Company Limited by Guarantee Trustees, Annual Report (Incorporating the Dlrectors. Report) Year ended 31 March 2025 The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2025. Reference and admlnlstratlve details Registered charlty name The Churches, Trust Limited Charlty registration number NIC105253 Company reglstratlon number N1027217 Prlnclpal offlce and reglstered 11 Limavady Road office Waterside DerrylLondonderry BT47 6JU The trustees Mrs D Rudd - Chair Mr M Agnew- Treasurer Rev Canon S R Boy Rev Fr M Canny Mrs J Hetherington Rev C Jones Mrs J Miller Mr D McGowan Mr J O'Kane Mr A Rowan Mr T Hume Deacon M Skuce Member Trustees Bishop Andrew Forster Bishop Oonal McKeown Rev Stephen Skuce Rev Susan Moore Chlef Executive Mary Holmes Independent examlner Donaldson & Thompson Chartered Accountants 3 Limavady Road Londonderry BT47 6JU
The Churches. Trust Limited Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directors. Report) fconlinued) Year ended 31 March 2025 Structure, governance and management The organisation is a charitable company limited by guarantee, incorporated on 9th February 1993 and accepted as a charity by HM Revenue & Customs under reference N101212 and registered with the Charity Commission for Northern Ireland on 24th May 2016 under charity number NIC105253. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Artides of Association. In Ihe event of the company being woundup members are required to contribute an amount not exceeding £5. The Directors are appointed by the Member Trustees, the leaders of the Church of Ireland, Methodist Church, Presbyterian Church, and Calholic Church in the North West area. Each Member Trustee appoints one clergy and two lay people to serve as Directors on the Board. The Directors are responsible for the strategic direction, and the cverall management and accountability of the organisation. The Board meet every six to eight weeks. Board membership is diverse in its representation across communities and has a broad skills and expertise base, including financial management, PR, Health & Safety and various community & voluntary sector rales. The Directors delegate responsibility for day-towday operations to the Chief Executive and staff team. The Chief Executive provides direct line management for staff employed. The organisation has developed robust systems and procedures for monitoring and evaluating its work, primarily shaped by the reporting and accountability obligations defined by funding bodies, regulatory organisations and various stakeholders. These systems include mechanisms for ongoing review and evaluation and feed directly into reports to the Board of Director5, which include the following.. Financial management (including monthly management accounts) Performance results against targets Stakeholder relationship development Regulatory, audit and compliance matters Policy and procedure development and approval New inits'atives Human Resource and other organi5ational matters Project I service evaluatian and review Prior to the commencement of the financial year, the board approves a budget that defines the rinancial parameters and the performance targets for the year. This document is a critical part of the management, monitoring and evaluation of the organisation's performance. The organisation has extensive expertise in managing and claiming grants both of a capital nature and a revenue nature. Objectives and activitles The principal activitie5 and object5 of Ihe charity as per the company'5 MemorandLJm is to promote the benefit of the inhabitants of the North West of Ireland without distinction of sex or political, religious or other opinions by associating the local authorilies, churches, voluntary organisations and inhabitant5 in a common effort to relieve poverty. sickness and distres5 and to advance education so as to improve the conditions of life for the said inhabitants...
The Churches. Trust Limited Company Limited by Guarantee Trustees. Annual Report (Incorporatlng the Directors, Report) (Contlnued) Year ended 31 March 2025 Objectives and activities (contlnued) Our Vision is.. A cohesive community without discrimination, disadvantage, or division where people from all communities and backgrounds can equally contribute. Our Mission is: Utilise the strength and determination of local communities to identify, challenge and tackle the causes and impact of discrimination, disadvantage and division reflecting an ethos of peace, trust, humility and hope which are central to our Christian values. Our work is underpinned by a Trauma Informed Approach and an awareness of Adverse Childhood Experiences, Adverse Community Environments. and Atrocious Cultural Experiences (ACES). Having embedded this approach into our work, staff, and service delivery we believe we are leading with transfomational approaches to Peace & Reconciliation, and to building stronger, resilient, and more cohesive communities. Specifically, The Churches, Trust Limited aims are.. To promote a more united, shared and cohesive society working in collaboration wilh churches, schools, and communlty and voluntary sector organisation5 in the area. To develop and provid8 quality Services that lackle deprivation and disadvantage focusing on social inclusion, equality of opportunity, and improving comrnunity relations. To pro-actively enhance and support the economic, social and cultural development of all our communities within the North West region. Church leaders acknowledge that deprivation and disadvantage are key barriers to building a united community, equality of opportunity and good relations. They recognise their role in presenting a united voice to help change attitudes and ultimately contribute to moving our community on from conflict to peace. The commitment to addressing issues of social injustice and inequality shapes the main activities of The Churches, Trust Limited. The Churches, Trust Limited through years of experience and through established networks of churches and schools, understand the challenges facing the communitie5 we support. We are committed to addressing issues of justice and inequality. Our work transcends all communities. In the inlerests of a shared and better future for all we undertake various projects and activities that bring communities together, and that encourage healing, understanding and respect. The charity's trustees have had regard to the Charity Commission for Northern Ireland's guidance on public benefit. Achlevements and performance The organisation's activities are shaped by.. Identifying, challenging and tackling sectarianism and racism through the delivery of good relations and cohesion programme5. Recognising the ongoing impact of povety and disadvantage, supporting people and families in need, tackling Social determinants of health inequalities and empowering communities.
The Churches. Trust Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directors, Report) f¢ontlnu•dJ Year ended 31 March 2025 Achievements and performance (con(inued) Our performance and achievements are summarised as follows.. Youth training and development programmes focusing on personal and skills development, improving mental health and wellbeing and enhancing life chances. This includes working with marginalised young people who struggle in formal education structures by providing alternative opportunities through creative pathways, outdoor learning, and personal development programmes. Developing Women training and support programmes which focus on building self-esteem and confidence, Strengthening family supports, and empowering women to take on leadership roles in the community. Piloting intergenerational and men's training and support that is Trauma Informed enabling transformative approache5 in tackling key issues facing men, family and community life including sectarianism, community violence, mental health and wellbeing. Interfaith, inter-church community education projects which focus on the theme of Celebrating Commonality,. These projects aim to build a sense of shared community recognising what we have in common a5 opposed to focusing on what divides us. Low level intervention care services for older people across the city and rural areas of the Derry City & Strabane District Council. The service is designed to address isolation and promote independence in the home. On average we provided 620 support hours per month. Services provided include befriending, chaperoning, reminiscing, shopping, domestic duties, dealing with correspondence and appointments. Care & Repair -MaintenancelHandyperson service provided at low cost, affordable rates targeling Older People, law-income families and individuals in areas of deprivation. The service includes cleaning, decluttering, gardening, power washing, fencing decorating, guttering, grave maintenance - in summary those tasks that are difficult to source from mainstream maintenance services but that significantly enhance the mental health and well-being of those in receipt of the service. Addressing food poverty - The Pantry Project and Social Superrnarket. The Pantry Project foodbank provides a crisis response to people experiencing food poverty. We work wth an established network of over 30 churches and 12 schools generating food donations through community giving. We work in collaboration with community hubs who work intensively to aééress the underlying root cause of the crises and signpost people to appropriate services. During this financial year we provided food for over 7,500 people. We have developed our approach to addressing food poverty through our Social Supermarket, working with people on transformative solutions that move people from food insecurity on to addressing the determinants of food poverty.
The Churches. Trust Limited Company Limited by Guarantee Trustees, Annual Report (Incorporatlng the Directors. Report) (continu8d) Year ended 31 March 2025 Flnanclal review The results contained within the Statement of Financial Actsvities disclose a Net deficit for the year of £45,987. The Churches, Trust Limited continues to broaden its income portfolio by strengthening collaborative working arrangements with partner organisations and other funding agencies. Public fund5 and grants received through the financial year included The Executive Office, Department for Communities, Community Relatlons Council, Derry City Strabane Council, Northern Ireland Office, Department of Foreign Affairs Ilreland), Education Authority. and Public Health Agency. We cantinue lo extend our income portfolio by building relationships with charitable trusts and now include Lealhersellers, PEACEPLUS, Inner City Trust, SSE Airtricity, Halifax, Garfield Weston Foundation, Benefact Trust, and The Honourable, The Irish Society as supporters of our work. In January 2024, The Churches, Trust Limited relocated ils main administration office from 121 Spencer Road lo 11 Limavady Road. Waterside, DerrylLondonderry, BT47 6JU. The decision to move was in response to the need for a modern space from which to operate. Cost of rental was to be offset from income earned from 121 Spencer Road. However, structural damage to the building has delayed progress impacting the deficit reported for the year. It is anticipated income will be generated by end of 2025 once 121 Spencer Road has been refurbished and fully let. Small company provlslons This report has been prepared in accordance wth th8 provisions applicable to companies entitled to the small companies exemption. The trustees, annual report (incorporating the directors, report) was approved on 25 September 2025 and signed on behalf of the board of trustees by.. Mrs D Rudd - Chair Trustee Mr M Agne Trust reasurer
The Churches, Trust Limited Company Limited by Guarantee Independent Examiner's Report to the Trustees of The Churches, Trust Limited Year ended 31 March 2025 I report on the financial statements for the year ended 31 March 2025, which comprise the statement of financial activities (including income and expenditure account), statement of financial posits'on and the related notes. Respectlve responslbilltles of trustees and examlner The charitqs trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myself thal the charity is not subject to audit under company law, and 15 eligible for independent examination, 'rt is my responsibility to.. examine the accounts under section 65 of the Charities Act., to follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under section 6519)Ib) of the Charities Act., and to state whether particular matters have come to my attention. Basls of Independent examlner'g report I have examined your charity accounts as required under section 65 of the Charities Act and my examinatlon was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65{9llb) of the Charities Act. The examination included a review of the accounting records kept by the charily and a cornpariscn of the acccunts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. My role is lo state whether any material matters have come to my attention giving me cause to believe.. That accounting records were not kept in accordance with section 386 of the Companies Act 2006 That the accounts do not accord with those accounting records That the accounts do not cornply with the accounting requirernents of section 398 of the Companies Act 2006 and with the methods and principles of the 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. That there is further information needed for a proper understanding of the accounts to be reached.
The Churches. Trust Limited Company Limited by Guarantee Independent Examiner's Report to the Trustees of The Churches, Trust Limlted (continuedj Year ended 31 March 2025 Independent examlner's statement I have completed my examination and have no concerns in respect of the matters 11) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. Since your charity's gross income exceeded £250,000 your examiner must be a TneTnber of a listed body. I can confirm that l am qualified to undertake the examination because l am a registered member of Chartered Accountants Ireland lch is one of the listed bodies. Donaldson & Thompson Chartered Accountants Independent Examiner 3 Limavady Road Londonderry BT47 6JU 25th September 2025
The Churches. Trust Limited Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2025 2025 Unrestricted funds Total funds Total funds 2024 Note Income and endowments Donations and legacies Charitable activities Other trading activities Investment income 16,215 475,700 1,827 4,337 18,216 475,700 1,827 4,337 498,079 51,958 335,814 5,708 Total Income 498,079 393,480 Expendlture Expenditure on charitable activities Total expendlture 9.10 544,066 544,066 644,066 432,371 644,066 432,371 Net expendlture and net movement In funds {45,9871 (45,987 138,891) Reconclllatlon of funds Total funds brought fotward Total funds carrled forward 320,313 320,313 274,326 359,204 274,326 320,313 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The noteg on pages 11 to 18 fomi part of these financlal ststementg.
The Churches, Trust Limited Company Limited by Guarantee Statement of Financial Position 31 March 2025 2025 2024 Note Flxed assets Tangible fixed assets 16 152,990 154,890 Current assets Stocks Debtors Cash at bank and in hand 17 18 371 64,334 119,511 575 55,491 143,803 199,869 184,216 Credltors.. amounts falllng due within one year Net current assets 19 62,880 34,446 165,423 121,336 274,326 274,326 Total assets less current Ilabllltles 320,313 Net assets 320,313 Funds of the charlty Unrestricted funds 274,326 274,326 320,313 Total charlty funds 21 320,313 For the year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities.. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476., The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statewents, These financial statements have been prepared in accordance with the provisions applicable to companies subject to the srnall companies, regime. The statement of financial position continues on the following page. The notes on pages 11 to 18 form part of these flnancial statements.
The Churches. Trust Limited Company Limited by Guarantee statement of Financial Position (¢ontlnued) 31 March 2025 These financial statements were approved by the board of trustees and authorised for issue on 25 September 2025, and are signed on behalf of the board by.. Mrs D Rudd - Chair Trustee Agn slee easurer Company registration number.. N1027217 The company is a private limited company limited by guarantee, registered in Northern Ireland. The notes on page5 11 to 18 fonn part of these financlal statements. 10-
The Churches. Trust Limited Company Limited by Guarantee Notes to the Flnancial Statements Year ended 31 March 2026 General information The charity is a public benefit entity and a private company limited by guarantee, registered in Northern Ireland and a registered charity in Northern Ireland. The address of the regislered office is 11 Limavady Road, Waterside, DerrylLondonderry, BT47 6JU. Statement of compllance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Stalement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standarij applicable in the UK and Republic of Ireland (FRS 102) {Charities SORP {FRS 1021) and the Companies Act 2006. Accounting pollcles Basls of preparation The finanGial statement5 have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expendrture. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern There are no rnaterial uncertainlie5 about the charity'5 ability to continue. Fund acGounting Unrestricted funds are available for use al the discretion of the trustees to further any of the charitls purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes.. restricted income funds or endowment funds.
The Churches. Trust Limited Company Limited by Guarantee Notes to the Financial Statements (contlnuedj Year ended 31 March 2025 Accounting policies {continuod) Incoming resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity,. it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specrfic policies are applied to particular categories of income.. income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at Ihe fair value of the goods unless this is impractical to measure reliably, in which case the value 15 derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No awounts are included for the contribution of general volunteer5. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising activities, events, non- charilable trading activities, and the sale of donated goods. expenditure Dn charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raisin9 funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. Tanglble assets Tangible fixed assets are stated at cost less accumulated depreciation and accumulaled impairment loss. Cost includes all costs that are directly attributable to bringing the asset into working condition for its intended use. 12-
The Churches. Trust Limited Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2026 Accounting policies (conlinued) Depreclatlon Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows.. Propety irnprovements Motor vehicles Equipment 50/0 reducing balance 250/0 Straight line 250/0 Straight line Impalrment of flxed assets A review for indicators of impairment is carried out at each reporting date, wth the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable arnount of the cash- generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that Includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups ol assets. For impalrment testing of goodwill, the goodwill acquired in a business combination is, from the acquisits'on date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the com bination, irre5pectsve of whether other assets or liabilities of the charity are assigned to those units. Stocks Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost include5 all cost5 of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and conditj'on. Flnanclal Instruments A financial asset or a financial liability is recognised only when the entity becomes a paty to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable ar payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Where investments in shares or preference shares are publicly traded or their fair value can otheise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Deflned contribution plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. 13-
The Churches, Trust Limited Company Limited by Guarantee Notes to the Financial Statements (condnued) Year ended 31 March 2025 Accounting policies (conlinued) Deflned contrlbutlon plans (¢ontinued) When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. Llmlted by guarantee The Churches, Trust Limited is a company limited by guarantee and accordingly does not have share capital. Every member of the company undertakes to contribute such amount as may be required not exceeding £5 to the assets of the charilable company in the event of its being wound up while he or She is a member, or within one year after he or she ceases to be a member. Donations and legacies Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Donations Donations Donations- The Pantry Project Donations The Churches, Training Company Ltd 13,795 2,420 13,795 2,420 5,076 1,882 5,076 1,882 45,000 45,000 51,958 16.215 16,215 51,958 Charltable actlvltles Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Other income from charitable activities Department of Foreign Affairs Care Services Department for Communities 255,102 73,445 97,277 49,876 255,102 73,44S 97,277 49,876 158,112 33,180 94,532 49,990 158,112 33,180 94,532 49,990 475,700 475,700 335,814 335,814 Other trad ing actlvitles Unrestricted Total Fu nds Unrestricted Total Funds Funds 2025 Funds 2024 Employment subsidy 1,827 1,827 14-
The Churches. Trust Limited Company Limited by Guarantee Notes to the Financial Statements (continuéd) Year ended 31 March 2025 Investment income Unrestricted Total Funds Unrestricted Total Funds Funds 2025 FLJnds 2024 Bank interest receivable 4,337 4,337 5,708 5,708 Expenditure on charltable actlvltles by fund type Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Care services Other charitable activities The Pantry project Support costs 69,038 283,250 1,993 189.785 69,038 283,250 1,993 189,785 644,066 82,614 184,758 4,529 160,470 432,371 82,614 184,758 4,529 160,470 432,371 544,066 10. Expendlture on Gharltable actlvities by activity type Activities undertaken directly Support costs Total funds 2025 Total fund 2024 Care services Other charitable activities The Pantry project Governance costs 69,038 283,250 1,993 36,828 86,861 11,221 55,075 105,866 369,911 13,214 55,075 112,497 270,784 16,392 32,698 354,281 189,785 544,066 432,371 11. Analysls of support costs Other Charitable Activities Total 2025 Total 2024 Staff costs Finance costs Governance costs Other costs 133,475 1,280 53,793 1,237 133,475 1,280 53,793 1,237 189,786 125,947 1,302 31,816 1,827 160,892 189,785 12. Net expenditure Net expenditure is stated after chargingl{crediting)'. 2025 2024 Depreciation of tangible fixed assels 5,740 5,141 15-
The Churches. Trust Limited Company Limited by Guarantee Notes to the Financial Statements fcontinuod) Year ended 31 March 2025 13. Independent examlnation fees 2025 2024 Fees payable to the independent examiner for: Independent examinatian of the financial statements 2,592 2,160 14. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows.. 2025 2024 Wages and salaries Social security costs Employer contributions to pension plans 268,078 17,291 6,343 290,712 250,649 15,666 5,182 271,497 The average head count of employees during the year was 13 {2024.' 131. The average number of full-time equivalent em ployees during the year is analysed as follows.. 2025 2024 Number of staff 13 No employee received employee benefits of more than £60,000 during the year {2024'. Nil). Key Management Personnel Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity. The total corn pensation paid to key management personnel for services provided to the charity was £45,20412024.'£43,572). 16. Trustee remuneratlon and expenses No remuneration or other benefits from employment with the Charity or a related entity were received by the trustees. 16-
The Churches, Trust Limited Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2025 16. Tangible fixed assets Land and buildings Equipment Total Cost At 1 Apr 2024 Additions 149,009 26.548 3,840 175,557 3,840 179,397 At 31 Mar 2025 149,009 30,388 Depreclation At 1 Apr 2024 Charge for the year At 31 Mar 2025 3,994 751 16,673 4,989 20,667 6,740 4,745 21,662 26,407 Carrying amount At 31 Mar 2025 144,264 145,015 8,726 152,990 154,890 At 31 Mar 2024 9,875 17. Stocks 2026 2024 Foodbank stock 371 575 18. Debtors 2025 2024 Trade debtors Prepayments and accrued income Grants receivable Other debtors 11,406 640 50,811 1,577 10,257 42,024 3,210 64,334 55,491 19. Creditors: amounts falllng due withln one year 2025 2024 Bank loans and overdrafts Trade creditors Amounts owed to group undertakings Accruals and deferred incorne Social security and other taxes Other creditors 4,992 16,746 3,991 27,406 6,752 2,994 62,B8Q 2,934 1,246 968 10,456 5,145 13,697 34,446 17-
The Churches, Trust Limited Company Limited by Guarantee Notes to the Financial Statements fcontlnuedj Year ended 31 March 2025 20. Pensions and other post retirement benefits Defined contribution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £5,34312024'. £5,182). 21. Analysls of charitable funds Unrestrlcted fu nds At Income Expenditure 31 Mar 2025 At 1 Apr 2024 Unrestricted fund - General funds 320,313 498,079 1544,066) 274,326 At Income Expenditure 31 Mar 2024 At 1 Apr 2023 Unrestricted fund - General funds 359,204 393,480 1432,371) 320,313 22. Analysls of net assets between fund5 Unrestricted Total Funds Funds 2025 Tangible fixed assets Current assets Creditors less than 1 year Net assets 152,990 184.216 (62,8801 274,326 1 $2,990 184,216 (62,8801 274,326 Unrestricted Total Funds Funds 2024 Tangible fixed assets Currenl assets Creditors less than 1 year Net assets 154,891 199,869 134,447) 320,313 154,891 199,869 134.4471 320,313 18-