THE BURSCOUGH OUTREACH TRUST ANNUAL REPORT & FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 CHARITY NO. 1089034
THE BURSCOUGH OUTREACH TRUST ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 CONTENTS PAGE Legal & administrative infomiation Report of the trustees Report of the Independent Examlner Statement of flnanclal actlvltles Balanca sheet Not&s to tha financial statamènts
THE BURSCOUGH OUTREACH TRUST LEGAL & ADMINISTRATIVE INFORMATION Trustees Revd Canon David Banbury, Chair Mrs Kerry A C Patton. Treasurer Mr Mark F Aspinall. Secretary Mr lan Hawksby Mrs Caroline Mccaul (Retired 2010912020) Mrs Diane Edwards (Appointed 2010912020) Principal Office 253 Liverpool Road South Burscough Lancs L40 7RE Independent Examiner Jennifer Becksmith, FCA, 219 Liverpool Road South, Burscough, Lancashire L40 7RE Bankers The Co-operative Bank, P.0. Box 250, Delf House, Southway, Skelmersdale WN8 61r
THE BURSCOUGH OUTREACH TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020 The Érustees present their annual report and financial statements of the charity for the year ended 31 December 2020. The financial statements have been prepared in accordance with the accounting policies set out on page 8 and tmplY with the charity's trust deed, the Charities Act 2011 and Accounting and Reporting by Charits'es.. 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 published on 16 July 2014. The trustees also gave consideration to the Charty Commission's guidan on public benefit and, in particular the specific guidan concerned with the advancement of religion. Our constitution and objects as described below set out our mission to proclaim the Christian faith through the advancement of edu(3tion amongst children and young people, and through supporting those in need, both in Burscough and in other countries around the world. Constitutlon and objects The Burscough Outreath Trust is constituted under a trust deed dated 6 September 2001 and is a registered charity number 1089034. The objects of the charity are to advance the Christian faith in Burscough and other such parts of the UK or world as the trustees from time to time think fit, in any of the following ways: To advance education in aCrdance with the Christian faith amongst children and young people including those in schools, colleges and othereducational establishments. To relieve persons who are in conditions of need or hardship or who are aged or sick, and to relieve the distress caused thereby; To promote and fulfil any such other charitable purposes in furtherance of the above objects as the trustees from time to time detemiine. Appointment of Trustees The body of trustees consists of 5 persons being 3 ex-officio trustees. namely the vicar and two of the church wardens of the ecclesiastical parish of St John the Baptist, Burscough,. and 2 nominated trustees who shall hold office for 4 years. Risk Assessment The major risks to which the chanty is exposed, as identified by the Trustees, have been reviewed and systems have been established to mitigate those risks. Reserves Pollcy As an employer, the trustees believe that it is important to have a reasonable and morally responsible policy to the holding of reserves. Our policy, therefore, is to always hold enough unrestricted reserves to cover our employee costs for at least 6 months. At 31" December2020. restricted reserves were held totalling £61.418 (2019: £30,805). These related to: Salaries (£5.751,. Belarus projects (£7.944).' support of young people on mission projects (£4,663). Hardship grants to families and young people (£24,267). Democratic Republic of Congo project (£18.136}', and several other small restricted reserves {totalling £657). In addition, the trust held unrestricted reserves amounting to £50.521 {2019.. £36,877).
THE BURSCOUGH OUTREACH TRUST REPORT OF THE TRUSTEES (CONTINUED) General review of th8 year During the year the trust has reiVed both restricted and unrestricted donations from individuals and other organisations. The trust is grateful to have received generous grants from St John the Baptist Church. Burscough, towards the payment of salaries. and future mission projects in Belarus. Total incoming resources amounted to £79,801. During the year the trust supported three roles: a Youth & Young Adull's Ministry Co-ordinator. a Children & Families, Ministry Co-ordinator (whojoined the team towards the end of the year). and a Pastoral Ministry & Social Action Co-ordinator. Through St John the Baptist Church, and working with many volunteers, they provide a wide range of activities for teenagers, children. families and older people in the local area and support in times of crisis and need. The trust was also able to fund training for some of the volunteers working with young people. As the restrictions due to the COVID-19 pandemic severely limited the ability of some staff to be able to fully cary out their roles, one member of staff was furtoughed for part of the year. Funding was also provided, using income from specific donations, to Oaks Church Plant in Skelmersdale. Again. due to the COVID-19 pandemic it was not possible for the chutch led project to take place in Belarus and therefore monies received for this have been held for a future project. Grants were also made to enable children and young people to take part in churchlschool activities. Total resour$ expended amounted to £35.544. ststement of trustees, responsibilities The charity trustees are responsible for preparing a trustees, annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice). Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the charity s financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the trustees are required to: select suitable accounting policies and then apply them consistently., observe the methods and principles in the applicable Charities SORP; make judgements and estimates that are reasonable and prudent; state whether applicable accounting standards and statements of recommended practice have been followed subject to any material departures that must be disclosed and explained in the financial statements., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.
THE BURSCOUGH OUTREACH TRUST REPORT OF THE TRUSTEES (CONTINUED) Throughout 2020, the charity took steps (in line with government advice) to help contain the ou+break of COVID-19. This included staff working from home and any activities undertaken to support children, young people and families moving online. The pandemic does not appear to have had a material impact upon the income of the trust, but the trustees are monitoring income and expenditure and, if it becomes necessary, will take measures to mitigate the impact of COVID-19 on the charity's free reserrfes. th Approved by the trustees on 15 August 2021 and signed on their behalf by". Rev Canon David Banbury, Chair of Trustees
Independent examlnerfs report to the trnstees ot The Burscough treath Trust I report to the trustees on my examination of the accounts of The Burscough Outreach Trust (the Trust) for the yearended 31 December 2020. Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111.the AcV}. I report in respect of my examination of the Trusvs accounts carried out under section 145 of the 2011 Act and in carryin8 Out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Act. Independent examlnerfs statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the Trust as required by section 130 of the Act. or the accounts do not accord with those records. or the accounts do not compfy with the applicable requirements concernin8 the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2(K18 other than any requirement that the accounts give a 'true and fair view which is not a matter considered a5 part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understandin8 of the accounts to be reached. Jennifer Becksmith. FCA IICAEWI 219 Liverpool Road South Burscough, L40 7RE Its- Zozi
THE BURSCOUGH OUTREACH TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020 Plot¢ Unrestrl¢tsd Rostri¢t•d TOTAL FUNDS TOTAL FUNDS Funds Funds 2020 2019 INCOMING RESOURCES InGoming resources Irom dono 31a} 12,723 65.¢r26 77.749 68.921 Income from ch8ri18ble trading 31bl Incom8 Irom acb"wlies lorgenereting lunds 31c) 229 229 Income from Inveslments 31dl 172 Other InGom6 31el 1.577 1.577 TOTAL INCOMING RESOURCES 14,775 65,026 79,801 69,238 RESOURCES EXPENDED Fund rnising & publicty 4{a) Gr8nls 41b) 2.539 2.539 9,215 Activitlg$ dI¢11Y lating lo the woth clthe Tfust 41cl 31,874 32,882 36,932 Support costs 4{d) Trust M&nagemenl & Adminislration 4{e) 123 123 172 TOTAL RESOURCES USED 1.131 34,413 35,544 46,319 NET INCOMING IOUTGOINGI RESOURCES 13.644 30,613 44,257 22,919 GAINS AND LOSSES ON INVESThlENTS alised Un811$¢d NET MOVEMENT IN FUNDS 13.644 30,613 44.257 22,919 BALANCES B}fv al 151 JANUARY 2020 36,877 30,805 67,682 44,763 BALANCES Clfwd at 31st DECEMBER 2020 50,521 61,418 111,939 67,682
THE BURSCOUGH OUTREACH TRUST BALANCE SHEET AS AT 31 DECEMBER 2020 Note 2020 2019 FIXED ASSETS Tangible fixed a558ts Inveslrnenl assets CURRENT ASSETS Stock Debtors & Prepayments Short lemi deposts Cash at bank and in hand 3,816 2,583 42,C 42,CQO 86,123 23,099 111.939 67.682 LIABILITIES.. AMOUNTS FALLING OUE WITHIN ONE YEAR NET CURRENT ASSETS 67.682 NET ASSETS 67.682 FUNDS Unreslrf¢ted $0.521 36.877 Reslricled 61.418 30,805 67,682 Approved by the Trustees on 15th Augu812021 and ned Of1 Trust by". Rev Canon Davld Banbury Chair of Trustees
THE BURSCOUGH OUTREACH TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 ACCOUNTING POLICIES a) Basis of preparation and assessment 0fg.ng concern The finan¢i81 slalements have beeri prepared under the hisloncal Cost cMvethion wrth rtems re(xJgniseil at cost or transaction value unless otheThwse stated in the rdevanl notes to Ihese accoijnts The financial slalemenls have iwn prepare(l in accordance the Statement of Recommended Pra¢ti¢e." Accounting and Reporting by Chanbes tyeparing their accounts in accordance wth the Financial Reportj'ng Standard applicable in the UK and RepU1C of Ireland {FRS102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republi¢ of Ireland IFRS1021 and the Charities Act 2011. The trustees consider that there are no material uncertaIntts atr)ul ihe Trusfs ability to conts'nLtre as a going concern. With respect to the nexl reporting period, the most significant area of uncertainty is the level of grants and donations that the Trust may be able to attraci trom other bodies. b) In¢omlng R•sour¢•s Grants & donations are rg¢ogniswJ when receNed by or on behalf of the Trust. Planned giwng receivable under gift aid is recognised only when receNed and income tax recoverablo on grfl aid donatn8 is ro¢ognised when the income is recognised. Interest on investments 18 a¢¢ounted for 7then rtr*Nable. CJ Resour¢os Exp•nded Expendrture is included on an accruais basS$. d) Flnanclal Instruments The trust only has financial a$$els and financial liabilth'es of a kind that qual¢fy 8$ basic financial in$lrumenl$. Basic financial instruments ar8 inrfialty rg¢ognis¥il at trans¥hon value and subsequentty measurod at thair sattlament value. RELATED PARTY TRANSACTIONS AND TRUSTEES. EXPENSES AND REMUNERATION The Iruslees all give freety their lime and expertise vAlhout any fom of remuner811 or other beneffil in cash or kind. Expgnses paid lo the Iruslees in the year lotslled £0 (2019." £841. Total Income received from related parties in the Teporting penod amounted lo È63,51012019.. £36,394). Total income received from trustees and their connects'ons was £19,51912019.. £14.525}. Total income received from St John the Baplisl chureh. an organisalion related by shared Iruslees. was £43.991 {2019.. £21.8691. Total payments made lo Sl John the Baptist church were £68912019.. £01. The Burscough Oulreaeh Trusl regu5arty TlveS don81ions from the Iluslees and their conne¢tion$ The donors did not allach any conditions to their grfis whKh would require the chaiity to Snificant atter the natu¥e of Ils existing activitie3.
THE BURSCOUGH OUTREACH TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 INCOMING RESOURCES Unrestri¢W Restrl¢ted TOTAL FUNDS TOTAL FUNDS Funds Funds 2020 2019 31al Incomlng rgsour¢es from dono Planned Giving" Giving under Gift Aid Income Tax recoverable on Gtft AKI Non Gift Aid gwing Ad Hoc Donations Legacies Grants from Sl John Ihe Baptist, Burscough Grants from other organisats'ons 18,531 4,632 4.430 11.928 14,050 3,512 4,000 490 2.208 1.680 2.424 2.750 11,928 37.778 450 65,026 37.778 450 77.749 21.869 25.000 68,921 12,723 31bl In¢ome from charitable trading 31¢) In¢om• from activltios lor gon8ratlng funds 229 229 145 31dl Incomè from Inv•stm•nts Interest on cash deposits 246 172 31el Other In¢ome HMRC Furlough grant 1.577 1,577 TOTAL INCOMING RESOURCES 14.775 65,026 79.801 69.238 RESOURCES EXPENDED Unmtrbct•d R•8trlettd TOTAL FUNDS TOTAL FUND8 Ftsnds Funds 2020 2019 41al Fund ralsing 8 publiclty 41bl Grants Oversea$ Projects Mission Support Fund UK Projects Oaks Church Plant Hardship 189 6,450 300 83 2,125 257 9,215 29) 250 2.539 2,539 41cl Activities dlrnetly relallng to th• worft ol the Trust Staff Salaries Staff & Volunleerfs expenses Training Cogls 31.874 31,874 36,381 1,Crf)8 32,882 551 36,932 31.874 41dl Support costs 41e} Trust Management & Admlnlstratlon 123 123 172 TOTAL RESOURCES EXPENDED 1,131 34,413 35.544 46,319 ANALYSIS OF STAFF COSTS 2020 2019 Salaries and wages Soci81 security costs Other pension c051s 31.425 35.951 449 31.874 430 36.381 The average number of employees during the ye41 was 2.1711.38 FTEI12019." 2.6711.95 FTEII. All employee time was involved in coordinating and supixKttny chatitatAe adivities.
THE BURSCOUGH OUTREACH TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 DEBTORS & PREPAYMENTS 2020 2019 Incomts Tax recover8We Accrual of interest on deposit 3.774 42 3.816 2,553 30 2.583 FINANCIAL INSTRUMENTS 2020 2019 Short term deposrts Cash al bank and in hand 42,( 66,123 108,123 42.OQbJ 23,099 65.099 CREDITORS & ACCRUALS 2020 2019 Ac¢ru818 FUNDS Unrestricted lunds comprise those funds whKh the trustees are free to use in awdance wth the charitable objects. R•strtcted lunds are funds which have been given for partUlar purFW and proje¢t$. Th& closing b818n¢8 of R8Stricted Funds compiised the f¢jllo.ftg.'" 2020 2019 Fund re Salaries Fund re Belarus Fund re Paslor81 Gths Fund re Fun DayslGames & Grub Fund re Uganda Prolecl Fund re Mission Support Fund re Foodbank Fund re Hardship Fund re Harvesl {Congol project 5,751 316 341 316 41 40 3.625 2S0 24.867 24.267 18.136 81.418 30.805 10