Contents of the Financial Statements

for the Period Ended 30 September 2023

Directors' report period ended 30 September 2023

The directors present their report with the financial statements of the company for the period ended 30 September 2023

Directors

The directors shown below have held office during the whole of the period from
1 October 2022 to 30 September 2023

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
10 May 2024

And signed on behalf of the board by:
Name: Rev S Blount
Status: Director

Profit And Loss Account

for the Period Ended 30 September 2023

Balance sheet

As at 30 September 2023

The notes form part of these financial statements

Balance sheet statements

For the year ending 30 September 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 30 September 2023

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Other accounting policies

  ACCOUNTING POLICIESBasis of preparation of financial statementsThe financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standardapplicable in the UK and the Republic of Ireland and the Companies Act 2006.Going concernThe directors have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the company to continue as a going concern. The directors have made this assessment for a period of at least one year from the dateof approval of the financial statements. Following a re-structuring of the Network, where member churches submit contributions based on the size of their congregations where income will exceedcosts and consequently, with a continuing balance held based in the reserves, the directors have concluded that there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeablefuture. The company therefore continues to adopt the going concern basis in preparing its financial statements.RevenueRevenue is the amount receivable by the company for credentials, renewals and gifts.DebtorsShort term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.Cash and cash equivalentsCash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date ofacquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.Financial instrumentsThe Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.CreditorsShort term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Notes to the Financial Statements

for the Period Ended 30 September 2023

• 2. Employees

  	2023	2022
  Average number of employees during the period	14	14