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 othe￿ise 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-