2023-03-31-accounts - The South Bristol Church And Community Trust

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Trustees' annual report (incorporating the director's Independent auditor's report to the members	Trustees' annual report (incorporating the director's Independent auditor's report to the members	Trustees' annual report (incorporating the director's Independent auditor's report to the members	Page
Statement offinancial activities expenditure account)	(including	income and
Statement offinancial position
Notes to the financial statements			12
			13

South Bristol Church and Community Trust Company Limited by Guarantee Trustees' Annual Report (Incorporating the Director's Year ended 31 March 2023	South Bristol Church and Community Trust Company Limited by Guarantee Trustees' Annual Report (Incorporating the Director's Year ended 31 March 2023	South Bristol Church and Community Trust Company Limited by Guarantee Trustees' Annual Report (Incorporating the Director's Year ended 31 March 2023	South Bristol Church and Community Trust Company Limited by Guarantee Trustees' Annual Report (Incorporating the Director's Year ended 31 March 2023	South Bristol Church and Community Trust Company Limited by Guarantee Trustees' Annual Report (Incorporating the Director's Year ended 31 March 2023	South Bristol Church and Community Trust Company Limited by Guarantee Trustees' Annual Report (Incorporating the Director's Year ended 31 March 2023	South Bristol Church and Community Trust Company Limited by Guarantee Trustees' Annual Report (Incorporating the Director's Year ended 31 March 2023	South Bristol Church and Community Trust Company Limited by Guarantee Trustees' Annual Report (Incorporating the Director's Year ended 31 March 2023	South Bristol Church and Community Trust Company Limited by Guarantee Trustees' Annual Report (Incorporating the Director's Year ended 31 March 2023	South Bristol Church and Community Trust Company Limited by Guarantee Trustees' Annual Report (Incorporating the Director's Year ended 31 March 2023	South Bristol Church and Community Trust Company Limited by Guarantee Trustees' Annual Report (Incorporating the Director's Year ended 31 March 2023	South Bristol Church and Community Trust Company Limited by Guarantee Trustees' Annual Report (Incorporating the Director's Year ended 31 March 2023	Report)	Report)	Page
The trustees, vrho are also the directors for the purposes of company financial statements of the charity for the year ended 31 March 2023.												la v, present		their report and the
Reference		and administrative			details
Registered		charity	name		South Bristol Church			and Community				Trust
Charity registration				number	1091314
Company		registration		number	3688146
Principal office	office and		registered		The Wtthyvrood Queens Road	Centre
					Withyvood
					Biistoi
					BS138QA
The trustees
					Richard Eddy
					Rev Derek tladdox
					Rev Patrick Stench ewer
					lvls Catherine Adeniyi
					Rev Christopher	J	Dobson
					Rev Sally Spencer Rev Richard Sharpies						(Appointed (Resigned		16 IVtay 2023) 1 September 2023)
Company	secretary				Mrs W Russell
Auditor					Eliiott Bunker Limited
					Chartered Accountants				&	statutory	auditor
					61 (V)acrae Road
					Ham Green
					Bristol
					BS20 ODD
Bankers					Lloyds TSB
					Bishops,vorth
					Knowle Branch
					Bristol
					BS42PY
Solicitors					Veale VVasborough		Vizards
					Narro, v Quay House
					Narrovr Quay
					Bristol
					BS14QA

					2023		2022
				Unrestricted	Res!ncted
				funds	funds	Total funds	Total funds
			Note	6	6		f
Income and endowments
Donations and legacies Charitable activities Investment income			5 6 7	31,000 391,826 5,498	2,441	31,000 391,826 7,939	9,643 344,193 5,480
Total income				428,324	2,441		359,316
Expenditure
Expenditure on charitable	actwities		8,9	384,830	5o,810	441,640	401,9o9
Total expenditure				384,830	56,810	441,640 &	401,9o9
Net gains on investments			10	5,573		5,573	1,899
Net expenditure and net	movement	in
funds				49,0o7	(54,369)	(5,302)	(40,754)
Reconciliation offunds
Total funds brought forvrard				257,509	3,139,432	3,396,941	3,437,695
Total funds carried forward				306,576	3,085,063	3,391,639	3,396,941

						2023	2022
Fixed assets					Note		E
Tangible fixed assets Investments					14 15	3,030,860 189,773	3,063,052 184,200
						3,220,633	3,247,252
Current assets
Stocks
Debtors					16	1,851	758
Cash at bank and	in	hand			17	138,677	73,422
						78,539	169,513
						219,067	243,693
Creditors: amounts Net current assets		falling due within		one year	18	48,061	94,004
Total assets less current Net assets			liabilities			171,006 3,391,639	149,689 3,396,941
						3,391,639	3,396,941
Funds of the charity
Restricted funds
Linrestncted funds						3,085,063	3,139,432
Total charity funds					21	306,576 3,391,639	257,509 3,396,941

	Unrestricted	Total Funds	Unrestncted	Total Funds
	Funds	2023	Funds	2022
		f
Rent 8 rechargeabies Service charge Room hire Cafe 8 catering Other income	31,679 234,668 55,748 63,340 6,391	31,679 234,668 55,748 63,340 6,391	30,846 220,811 41,777 42,002 8,757	30,846 220,811 41,777 42,002 8,757
	391,826	391,826	344.193	344,193

		Unrestricted	Restricted	Total Funds
		Funds	Funds	2023
		5	f
Income from Bank interest	listed investments receivable	5,498	2,441	5,498 2,441
		5,498	2,441	7,939
		Unrestricted	Restricted	Total Funds
Income from Bank interest	listed investments receivable	Funds f 5,338	Funds 6 142	2022 5,338 142
		5,338	142	5,480

		Unrestricted	Restricted	Total Funds
		Funds	Funds	2023
		6	6
Staff costs		159,871		159,871
Premises costs		69,212		69,212
Office costs		11,757		11,757
Repairs and	flaintenance	50,087		50,087
Other costs		2,600		2,600
Cafe expenses		69,928	2,209	72,137
Rechargeables		6,269		6,269
Professional	fees	13,944		13,944
Finance costs 8 Charges		1,162		1,162
Depreciation			54,601	54,601
		384,830	56,810	441,640
		Unrestricted	Restncted	Total Funds
		Funds	Funds	2022
		f		6
Staff costs		145,265		145,265
Premises costs		72,40o		72,406
Office costs		10,718		10,718
Repairs and	blaintenance	38,045		38,045
Other costs		1,721		1,721
Cafe expenses		49,553	2.380	51,933
Rechargeables		18,538		18,538
Professional	fees	9,060		9,060
Finance costs BCharges		1,028		1,028
Depreciation			53,255	53,255
		346,334	55,635	401,969

		Activities
		undeda'&en	Total funds	Total fund
		directly	2023	2022
				6
Staff costs		159,871	159,871	145,265
Premises	costs	69,212	69,212	72,406
Office costs		11,757	11,757	10,718
Repairs and Klaintenance		50,087	50,087	38,045
Other costs		2,600	2,600	1,721

r encled 31 March 2023
Cafe expenses				72,137		72,137	51,933
Rechargeabies				6,269		6,269	18,538
Professional fees				13,944		13,944	9,060
Finance costs 8 Charges				1,162		1,162	1,028
Depreciation				As,601		54,601	53,255
				441,640	441,640		401,969
In the opinion of the trustees	the charity		only undertakes	one activity	which	is that of	providing a
community centre in the V/ithywood		area	of South Bristol

	Included in p	rof	essional	fees are amoun	ts payable to	the audi!or ana	lysed as follov,	s;
							2023	2022
								f
	Statutory audit						3,000	3,000
	Other services						3,000	2,985
							6,000	5,985
10.	Net gains on investments
					Unrestricted	Total Funds	Unrestricted	Total Funds
					Funds	2023	Funds	2022
					f	f		E
	Gains/(losses)		on listed	investments	5,573	5,573	1,899	1,899
11.	Net expenditure
	Net expenditure		is stated	after charging,	'(crediting):
							2023	2022
							6	f
	Depreciation	of	tangible	fixed assets			56,810	55,635
12.	Staff costs

Staff cos	Staff cos	ts
The total		staff costs and	employee	benefits	for	the reporting	period are analysed as	follows:
							2023	2022
							6	6
V/ages	and salanes						189,289	164,550
Social	secunty costs						10,501	8,022
Employer		contnbutions	to pension	plans			3,786	3,103
							203,576	175,675

The average	The average	head	count of employees	count of employees	dunng	the year was 9 (2022:9).The average	the year was 9 (2022:9).The average	number	of
full-time	equivalent		employees	during	the year	is analysed	as folio:vs.
							2023	2022
							No.	No
hlanagement		8 administrative		staff			2		2
Project	staff						7		7
							9

No payments were made duri Tangible fixed assets	ng the year in respect of	trustees' expe	nses.
	Land and	Fixtures and
	buildings	fittings	Equipment	Total
Cost	E	E	E	E
At 1 April 2022 Additions	4,761,341"	134,168 3,588	402.326 21,030	5,297,835 24,618
At 31 March 2023	4,761,341	137,756	423,356	5,322,453
Depreciation
At 1 Apnl 2022 Charge for the year	1,843,156 / 28,585j	122,790 3,793	2o8,837 24,432	2,234,783 56,810
At 31 Nlarch 2023	1,871,741	126,583	293,269	2,291,593
Carrying amount
At 31 March 2023	2,889,600	11,173	130,087	3,030,860
At 31 March 2022	2,918,185	11,378	133,489	3,0o3,052
Capital commitments
			2023	2022
Contracted for but not provided	for in the financial statements		E 105,966	E

Investments
	Listed
	investments
Cost or valuation
At 1 April 2022	184,200
Additions
Fair value movements	5,573
At 31 March 2023	189,773
Impairment
At 1 April 2022 and 31 triarch 2023
Carrying amount
At 31 March 2023	189,773
At 31 March 2022	184,200

16.	Stocks
							2023	2022
								6
	Ra v matenals	and consumables					1,851	758
17.	Debtors
							2023	2022
	Trade debtors						9,233	6,992
	Prepayments	and accrued		income			129,444	66,430
							138,677	73,422
18,	Creditors: amounts		falling	due within		one year
							2023	2022
								f
	Trade creditors						16,851	19,594
	Accruals and deferred		income				13,551	28.359
	Social secunty	and other taxes					3,843	2.945
	Other creditors	- payments		received	on	account	1,496	1,913
	Other creditors						12,320	41,193
							48,061	94,004

								At
			At				Gains and	31 friar 202
		1	Apr 2022	Income	Expenditure	Transfers	losses	3
General	funds		6 257,509	428,324	6 (384,830)	6	6 5,573	6 306,5767
								At
			At				Gains and	31 glar 202
		1	Apr 2021 6	Income 6	Expenditure f	Transfers 9	losses E	2
General	funds		242,770	359,174	(346,334)		1,899	257,509

Restrict	ed funds
							At
		At				Gains and	31 Mar 202
		1 Apr 2022 6	Income f	Expenditure	Transfers 6	losses 6	3 6
Capital Project	Build	3,063,052		(56,810)	24618		3,030,860
Capital Steering	Repairs Group	73,025 3,355	2,441		(24,618)		50,848 3,355
		3,139,432	2.441	(56,810)			3,085,063
							A!
		At				Gains and	31 friar 202
		1 Apr 2021 f	Income 6	Expenditure f	Transfers f	losses 6	2 6
Capital Project	Build	3,099,884		(55,635)	18.823		3,063,052
Capital	Repairs	91,706	142		(18.823)		73,025
Steenng	Group	3,355					3,355
		3,194,925	142	(55,635)			3,139,432

22.	Analysis	of net as	se	ts betw	een funds
						Unrestricted		Restncted	Total Funds
							Funds	Funds	2023
								6	F
	Tangible	fixed assets						3,030,860	3,030,860
	investments						189,773		189,773
	Current	assets					164,864	54,203	219,067
	Creditors	less than	1	year			(48,061)		(48,061)
	Net assets						306,576	3,085,063	3,391,639
						Unrestncted		Restricted	Total Funds
							Funds	Funds	2022
							f	F	f
	Tangible	fixed assets						3.063.052	3,063.052
	Investments					184,200			184,200
	Current assets					167,313		76,380	243,693
	Creditors	less than	1	year			(94,004)		(94,004)
	Net assets					257,509		3,139,432	3,396,941
23.	Financial	instruments
	The carrying amount			for each	category of financial	instrument	is as follows:
								2023	2022
									f
	Financial	assets measured			at fair value through	income	and expenditure
	Listed investments							373,973	184,200

As lessor
The total	future		minimum	lease payments	receivable	under non-cancellable	operating	leases are
as follosvs
							2023	2022
							9	0
Not later than		1	year				13,574	79,624
Later than	1 year and not			later than 5years			19,746	33,320
							33,320	112.944