THE BURSCOUGH OUTREACH TRUST ANNUAL REPORT & FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 CHARITY NO. 1089034
THE BURSCOUGH OUTREACH TRUST ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 CONTENTS PAGE Legal & administrative information Report of the trustees Report of the Independent Examiner Statement of financial activities Balance sheet Notes to the flnanclal statements
THE BURSCOUGH OUTREACH TRUST LEGAL & ADMINISTRATIVE INFORMATION Trustees Revd Canon David Banbury, Chair Mrs Kerry A C Patton, Treasurer Mr Mark F Aspinall, Secretary Mrs Jeannie Holman Mr Steven Baxter (Appointed 23rd April 2023) Mrs Diane Edwards (Retired 23Td April 2023) It is considered that the Trustees and any others who could be understood to be 'managers' in the activities and affairs of the charity are 'fit and properf persons under the tem7s of the Finance Act 2010. Trustee training is available as and when required. There is a Protection Policy in place in respect of vulnerable adults and children. Checks have been made with the Disclosure and Barring Serrfice in respect of persons dealing regularly with young people and vulnerable adults. The appointed officer for this is the Safeguarding Officer at st John the Baptist Church, Burscough. Principal Office 253 Liverpool Road South Burscough Lancs L40 7RE Independent Examiner Fr Alan Clements (Fellow of the Association of Charity Independent Examiners) 15 Carleton Road, Great Knowley, Chorley PR6 8TQ Bankers The Co-operative Bank, P.0. Box 250, Delf House, Southway, Skelmersdale WN8 6wr
THE BURSCOUGH OUTREACH TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees present their annual report and financial statements of the charity for the year ended 31 December 2023. The financial statements have been prepared in accordan with the accounting policies set out on page 8 and comply with the charity's trust deed, the Charities Act 2011 and Accounting and Reporting by 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 published on 16 July 2014. The trustees also gave consideration to the Charity Commission's guidance on public benefit and, in particular the specific guidance concerned with the advanrnent of religion. Our constitution and objects as described below set out our mission to proclaim the Christian faith through the advancement of education amongst children and young people, and through supporting those in need, both in Burscough and in other countries around the world. Constitution and objects The Burscough Outreach 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 accordance with the Christian faith amongst children and young people including those in schools, colleges and other educational 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 determine. 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 charity is exposed, as identified by the trustees, have been reviewed and systems have been established to mitigate those risks. The trustees recognise that in relation to 'Risk Assessment, risk is defined as 'the threat of any action which will adversely affect the charity's ability to achieve its objectives and execute rts strategies,. 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 st December 2023, restricted reseNes were held totalling £26,422 (2022: £32,717). These related to.. Support of young people on mission projects {£6,225)', Hardship grants to families and young people (£18,761). Democratic Republic of Congo project (£987); and other small restricted reserves {totalling £449). In addition, the trust held unrestricted reserves amounting to £37,560 (2022: £47,955).
THE BURSCOUGH OUTREACH TRUST REPORT OF THE TRUSTEES (CONTINUED) General review of the year During the year the trust has received 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. Totsl incoming resources amounted to £52.208 (2022: £46.612). During the year the trust supported three staff roles: a Youth & Young Aduft's Ministry Co- ordinator,. a Children & Families, Ministry Co-ordinator. 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. Using income from specific donations, financial support was made available to several young people to enable them to undertake a mission trip to Uganda in 2024. Financial support was also made available to enable children and young people to take part in various church activities such as weekends away and summer conferences. The trust also continued to provide funding to the hospital expansion project in Kipushya, Democratic Republic of Congo using specific donations given in previous years. Total resources expended amounted to £68,898 (2022: £69,343). 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; stste 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 aGcuracy 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 det ction of fraud and other irregularities. Appr stees on 1 Olh March 2024 and signed on their behalf by: Mr Mark As inall, Honorary Secretsry
Charities Act 2011. Independent Examiner's Report. Independent Examiner's Report to the Trllst¢a of the Burscough Outreach Trnst for the year ending 31Jt l)ecember 2023 as set out OD pages 5 to 9 of this Report. Respective Mponsibilities of the trnSt and eMIner. The charity's trustees are responsible for the preparation of the accounts. The clwity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to '. examine the aCunts under section 145 of the 2011 Act. follow the procedures laid down in the general Directions given by the Charity Commissioner under section 145 (5) (b) of the 2011 Act: and to state whether particular matters have come to my attention. Basis of the independent exarnin¢r's report. My examination was carried out in a¢)rdance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those rtrnds. It also includes consideration of any unusual items or dI10$ur¢S in the accounts and seeking explanations from you as trustecs concerning any such matters. The proccdures undertaken do not provide all the evAdenc¢ that would be required in an audit and consequently no opinion 1.8 given as to whether the accounts present a 'true and fair view,, and the report is limited to those matters as set out in th¢ statement below. Ind¢pendellt examiDer's $tatem¢llt. n connection with my examinatio no oth¢r matters has com¢ to my attention . which gives me rOllable cause to betieve that in any material respect the requirement to keep accountin8 records in accordance with section 130 of the 2011 Act; and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been me( 2. to which. in my opinion, attention should be drawn order to enable a proper understanding of the accounts to be reached. Signed. Print. Alan A. Clements. Fellow of the Association of Charity Indep¢nd¢nt Examiners Dat¢ I l . Mzr¢h 2024 Rev'd. A. A. Clements MA, ACIB, FCIE. 15 Carlcton Ro Great Knowley. Chorley PR6 8TQ
THE BURSCOUGH OUTREACH TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 Note Unrestrlct8d R•strl¢tsd TOTAL FUNDS TOTAL FUNDS Funds Funds 2023 2022 INCOMING RESOURCES Incomlng rgsourc8s from donors 3(8) 8.239 41.950 50,189 45,970 Income from charitable trading 3{b) Inme from 8Ctivitles forggnornting funds 3{c) 124 124 208 Income from Investments 3(d) 1,895 1,895 434 Other Income 3(e) TOTAL INCOMING RESOURCES 10.258 41.950 52,208 48.612 RESOURces EXPENDED Fund raising & publiGify 4(a) Grants 4(b) 11,120 11,120 12,835 Activits'8s directly rnlating to the woth ol the Tmst 4(¢) 20,300 37,125 57,425 56,069 Support costs 4{d} Tnist Managen7ent & Administstlon 4(e) 353 353 439 TOTAL RESOURCES USED 20,653 48,245 88,898 89,343 NET INCOMING (OUTGOING) RESOURCES (10,395) (6,295) (16,690) {22,732) GAINS AND LOSSES ON INVESTMENTS - r8alised unre81is8d NET MOVEMENT IN FUNDS (10,395) (8.295) (16,690) (22,732) BALANCES BI at 1 st JANUARY 2023 47,955 32,717 80,672 103,403 BALANCES Clfwd at 318t DECEMBER 2023 37,560 26,422 63,982 80,672
THE BURSCOUGH OUTREACH TRUST BALANCE SHEET AS AT 31 DECEMBER 2023 Note 2023 2022 FIXED ASSETS Tangible fixed assets Investment assels CURRENT ASSETS Stock Debtors & Pr8paym8nts Short term deposits 2,533 2,388 42,000 42,000 Cash at bank and In hand 19,849 36,484 64,182 80,872 LIABILITIES: AMOUNTS FALLING DUE THIN ONE YEAR (200) (200> NET CURRENT ASSETS 83.982 80,872 NET ASSETS 63,982 80.672 FUNDS Unrestri¢ted 37,560 47,955 R8stricted 26,422 32,717 63,982 80,672 Approv dby tee on 10th March 2024 and signed on behalf of the Trust by.. Mark Aspinall Honorary Secr tary
THE BURSCOUGH OUTREACH TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLICIES a) Basls of preparatlon and aSseMent olgoing concern The financial stat6ments hav8 bBan prapared under the historical cost convention with items re¢ognis&d at cost or transaction value unless otheise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their acmunts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS102) issued on 16 July 2014 and the Financial Reporting Slandard applicable in the United Kingdom and Republic of Ireland (FRS1021 and the Charities Act 2011. The truslees consider that there are no material uncertainties about the Trust's abilily to continue as a going concern. Wilh respect to the next reporting period, the mosl signrficant area of uncertainty is the level of grants and donations that the Trust may be able to attract from other bodies. b) Incomlng Rosources Grants & donations are recognised when received by or on behalf of the Trust. Planned givlng rec8ivabl8 under gfft aid is recognised only when received and income tsx recoverable on gifl aid donations is recognised when the income is recognised. Interest on investments is accounted for when receivable. ¢) Resource$ Expended Expenditure is included on an a¢¢wals basis. d) Flnan¢lal In$truments The trust only has financial as6ets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognlsed al transacllon value and subsequently measured at their settlement value. RELATED PARTY TRANSACTIONS AND TRUSTEES, EXPENSES AND REMUNERATION The Irustees all give freely iheir lime and expertise without any form of remuneratlon or other benefit in cash or kind. Expenses paid to the Irustees in the year totalled £0 (2022.. £0). Total income received from related partie8 in the reporting period amounted to £44,825 {2022.' £39.496). - Total income received from trustees 8nd their connections was £9,825 (2022: £9,450). Total income received from St John the Baptist church, an org8ni8alion related by shared trustees, was £35,000 (2022.. £30,046). Total payments made to related parties in the reportlng perlod amounted to £5,800 (2022.. £5,118). - Total payments made lo trustees and their connections was £350 (2022.. £0). - Total payments made to St John the Baptist church w8r8 £5,450 (2022.. £5,118). The Burscough Outreach Trust regulady receives donations from the trustees and their connections. The donors dld not attach any condrtlons to their grfts which would require the charity to slgnlficantly alter the nature of its existing activities.
THE BURSCOUGH OUTREACH TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 INCOMING RESOURCES Unrestrf¢ted Restrlcted TOTAL FUNDS TOTAL FUNDS Fun(ts Funds 2023 2022 3(a} Incomlng resources fmm donors Planned Giving.. Giving under Gtft Aid Income Tax recoverable on Gift Aid Non Gift Aid giving Ad Hoc Donations Legacies Grants from St John the Baptist, Burscough Grants from other organisations 6,435 1,609 5,560 1,390 11,995 2,999 12,625 3,119 195 195 226 35,000 35,000 30,000 8,239 41.950 50.189 45,970 3(b) Incomo fmm ¢harltabl• tradlng 3(¢) Incom• from actlvldos forgenorarfng funds 124 124 208 3(d) Income from Investments Interest on cash deposits 1,895 1,895 434 3(e) Other Income TOTAL INCOMING RESOURCES 10,258 41,950 52,208 48,612 RESOURCES EXPENDED Unmtrl¢t•d RoStrl¢tod TOTAL FUNDS TOTAL FUND8 Funds Fund8 2023 2022 4(a) Fund rnlslng & publlclty 4(b) Grants Overseas Projects Mission Support Fund UK Projects Hardship 4,064 2,800 1,375 2,881 11,120 4,064 2,800 1,375 2,881 11,120 10,506 140 2,189 12,835 4{c) Actlvltles dlrectly relatlng to the work of tho Trust Staff Salaries Staff & Volunt8&ls expenses Training Costs 20,300 37,125 57,425 55,514 555 56,069 20,300 37,125 57,425 4(d) Support costs 4{e} Trust Management & Admlnlstratlon 353 353 439 TOTAL RESOURCES EXPENDED 20,653 68 898 69,343 ANALYSIS OF STAFF COSTS 2023 2022 Salaries and wages Social security costs Other p8nslon costs 56,385 54,542 1,040 972 55,514 The average number of employees during the year was 3 (2.17 FTE) (2022.. 3 (2.17 FTE)). All employee time was involved in coordinating and supporting charitable activities.
THE BURSCOUGH OUTREACH TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 DEBTORS & PREPAYMENTS 2023 2022 Income Tax recovèreble Accrual of interest on deposit 2,089 444 2,533 2,233 155 2,388 FINANCIAL INSTRUMENTS 2023 2022 Short term deposits Cash at bank and in hand 42,000 19,649 81.649 42.000 36,484 78,484 CREDITORS & ACCRUAUJ 2023 2022 Accruals 200 200 200 200 FUNDS Unrestricted fiinds compri88 those funds whlch the trustees are free to use in accordance with the charitable oblacts. Restrleted funds are funds vthi¢h have been givan for particular purposes and project8. Th8 closing balance of Rgstricted Funds comprised the following.." 2023 2022 Fund re Oaks Fund re Pastoral Gffts Fund re Fun DayslGam88 & Grub Fund re Uganda Project Fund r8 Mission Support Fund re Hardship Fund re Harvest (Congo) project 1,375 318 133 150 6,700 21,642 2,401 32,717 316 133 8,225 18,761 987 26,422