YEOVIL CHRISTIAN SUPPORT TRUST UNAUDITED FINANCIAL STATEMENTS 31 DECEMBER 2023
Charity Number 1092843
CHALMERS & CO (SW) LIMITED
Chartered Accountants Trading as Chalmers & Co. 6 The Linen Yard South Street Crewkerne Somerset TA18 8AB
YEOVIL CHRISTIAN SUPPORT TRUST
UNAUDITED FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023
| CONTENTS | PAGES |
|---|---|
| Reference and administrative details | 1 |
| Trustees annual report | 2 to 6 |
| Independent examiner's report | 7 |
| Statement of financial activities | 8 |
| Balance sheet | 9 |
| Notes to the financial statements | 10 to 19 |
YEOVIL CHRISTIAN SUPPORT TRUST
REFERENCE AND ADMINISTRATIVE DETAILS
YEAR ENDED 31 DECEMBER 2023
The board of trustees R Hogben T Neville S Warr J Turner M Hamilton (Resigned 18 October 2023) S Hibbert H Llewelyn (Appointed 31 July 2024) Secretary J Turner Charity registration number 1092843 Principal office The Gateway Addlewell Lane Yeovil Somerset BA20 1QN Independent examiner S M Bachrach, Chartered Accountant Chalmers & Co (SW) Limited Chartered Accountants Trading as Chalmers & Co. 6 The Linen Yard South Street Crewkerne Somerset TA18 8AB
- 1 -
YEOVIL CHRISTIAN SUPPORT TRUST
TRUSTEES ANNUAL REPORT
YEAR ENDED 31 DECEMBER 2023
The trustees present their report and unaudited financial statement of the Trust for the year ended 31[st] December 2023. The financial statements have been prepared in accordance with the accounting policies described and comply with the Trust Deed and applicable law.
STRUCTURE, GOVERANCE AND MANAGEMENT
Yeovil Christian Support Trust (YCST) is a registered charity (number: 1092843) governed by a Trust Deed dated 24[th] May 2002. A supplemental deed was added by the Trustees in 2012.
A list of current Trustees and other administrative details of the charity appear on page 1 of the financial statements.
Trustees are appointed in accordance with the Trust Deed and give their time voluntarily. Training for Trustees is provided as needed. Strategic decisions are taken by the Trustees but the day to day running of the operations of the charity is delegated to staff and volunteers, supervised by our Operations Manager.
The Trustees undertake to regularly consider risks to which the Trust is exposed, setting in place written policies to reduce the risks as far as is reasonably possible. These risks include financial risk, risks relating to personnel, health and safety and fire risks.
YCST is proud to work in partnership with many local agencies, including local authorities, churches, local businesses and schools who both support the needs of the charity and refer clients in need.
OBJECTIVES AND ACTIVITIES
The Objects of the Trust are:
In and around the area of Yeovil and the surrounding areas of South Somerset, North Dorset and West Dorset to express Christ’s compassion through:-
-
(a) the relief of hardship
-
(b) the relief of poverty
-
(c) the support of individuals and families in crisis
-
(d) cooperation with and support of other organisations which engage in the relief of poverty and hardship and the support of individuals and families in crisis
-
(e) charitable purposes for the general benefit of the local community as from time to time the trustees at their discretion consider appropriate
The operations of YCST commenced over 30 years ago and were developed by the Trustees of Yeovil Community Church Trust. The operations and management were succeeded to a new and separate charity, Yeovil Christian Support Trust in 2002.
The Objects of the Trust have been implemented through two main activities during the year: The Lord’s Larder Food Bank
The Lord’s Larder Community Fund
- 2 -
YEOVIL CHRISTIAN SUPPORT TRUST
TRUSTEES ANNUAL REPORT
YEAR ENDED 31 DECEMBER 2023
OBJECTIVES AND ACTIVITIES (continued)
The operations of the Trust are provided by our Operations Manager, who is supported by a team of willing volunteers. Financial gifts, gifts of food, and gifts of goods are donated by many local individuals, churches, schools, local businesses and other groups. The Trustees are extremely grateful for the gifts of time, money and goods given by so many, and without which we could not operate.
Clients in need are referred to YCST by many local authorities and organisations. The Trustees are also grateful for the support of these organisations which help us to give support where it is needed. We know that many agencies have been especially busy again this year.
When planning the activities for the year, the Trustees have considered the Charity Commission’s guidance on public benefit. We believe the activities set out below clearly demonstrate YCST’s commitment to providing identifiable public benefit and that access to this benefit is not restricted in any way.
SUMMARY OF ACHIEVEMENTS
YCST started 2023 in a strong financial position. Regular monthly giving had continued to increase, and income was continuing to exceed expenditure. The Trustees were able to consider new ways to improve efficiency of operations against a background of increased demand. We were also able to consider giving financial support to other charities and organisations that offered support for the needy in our community. As the year progressed, it became clear that hardship was increasing locally as more and more families found themselves to be barely coping, or not coping financially. The background of high interest rates, high utility bills and high inflation, along with benefits not rising in line with the cost of living, was contributing to widespread family crisis.
In October 2023 we were sorry to hear of our long serving Trustee Margaret Hamilton’s decision to retire from the Trust. We have been very grateful for her support and wisdom during her time of service.
The Lord’s Larder Food Bank continued to see consistent high demand , although we did not see demand increasing above the previous year’s level. We noticed too, that food donations to the Lord’s Larder reduced, as our donors were also needing to make savings. As a result, we have needed to spend more money on buying in food to fill the gap between demand and supply. A total of £21,114 was spent buying in food over the year compared to £6,541 in 2022. We expect this trend to grow in 2024.
The number of food items given out amounted to 170,925, which is small reduction of 7% compared to the previous year. We were able to assist a total of 2,160 families including 5,651 adults and 4,033 children.
Despite the hardship, which has affected our donors as well as our clients, most of the food given out has been provided by the generosity of local residents, businesses, churches and schools. 70 – 75% of food given out is donated to us and 25 – 30% has been bought by
- 3 -
YEOVIL CHRISTIAN SUPPORT TRUST
TRUSTEES ANNUAL REPORT
YEAR ENDED 31 DECEMBER 2023
SUMMARY OF ACHIEVEMENTS (continued)
YCST. We are so grateful to everyone who has continued their giving through another difficult year. We could not do what we do without this ongoing generosity.
In view of the sustained high demand, the Trustees recognised the significant increase in workload for our Operations Manager. Much of the admin work including data entry was being done voluntarily by his wife! Additionally, holiday and sickness cover was being provided by the Chair of Trustees working five days a week managing day to day operations. This was felt to be unsustainable in the long term and also carried a risk to food bank operations if both were unable to cover at the same time. It was felt that YCST funds could support the salary of a Deputy Operations Manager, to support management and admin day to day and, also provide mutual cover for sickness and holiday leave. We were delighted to appoint Jo-Anne Smith to this new role that started in July 2023.
The Lord’s Larder Community Fund has also been able to greatly increase the provision of funds for the needy in our community. It was able to provide a total of £69,596 worth of grants to meet local needs. We are pleased to be able to offer flexibility in terms of what we will fund. Sometimes small sums of money to meet unusual needs can make a real difference in the lives of individuals and families.
Some examples of grants given in 2023 include funds to:
-
purchase of car seat for a baby.
-
purchase of a fridge/freezer for a Mum, Gran and 4 children.
-
purchase of an epilepsy sensor for a 12 year-old and a Mum so that they are able to safely sleep in separate beds.
-
purchase of GCSE revision cards for a student.
-
purchases of a garden fence for a Mum and 2 sons.
-
purchase of a cooker and washing machine for a Mum and baby.
We have also been able to support the operations of:
-
Prodigal Bikes, a local charity with a trustee in common who have been reconditioning bikes and providing them complete with lights and helmets to refugees in our community.
-
The Maker’s Place, a small local organisation providing care through creativity for cancer sufferers, children excluded from school, fathers and sons etc. Their activities were limited by a need for various equipment and tools.
-
Yeovil 4 Family, a local provider of support for vulnerable families. Y4F had been supported by the local council but had been told that the council could no longer afford to continue their funding. If any future service was to continue, Y4F would need to find new funding sources of income. YCST and Y4F have many clients in common and our Trustees were very aware of how much Y4F has been doing to support the needy and vulnerable in our community.
- 4-
YEOVIL CHRISTIAN SUPPORT TRUST
TRUSTEES ANNUAL REPORT
YEAR ENDED 31 DECEMBER 2023
The Trustees have considered the advice of the Charity Commission in relation to our care for vulnerable individuals. Although we do not generally have minors working or volunteering with us, we do occasionally have children visit with their school groups. We share a building where children are often present. We also sometimes have vulnerable adults working as volunteers or visiting us. In the light of this we have written a Safeguarding Policy and appointed a Safeguarding Officer and a Deputy Safeguarding Officer. They have undergone training and will undertake regular updates.
FINANCIAL REVIEW
Total incoming resources were £114,305 (2022 - £117,451), with the majority of income arising from donations as disclosed further in note 4. Total resources expended were £135,778 (2022 - £76,392), the major categories of expenditure being grants payable, and staff costs as disclosed further in note 6.
Net funds therefore decreased by £21,475 (2022: increased by £41,059) to £236,205 (2022£257,680). Net funds represent mainly the cash at bank and in hand which totalled £219,979 (2022 - £238,844).
RESERVES POLICY
The trustees closely monitor the charity's financial position and seek to ensure that reserves are
sufficient to meet its ongoing liabilities. The charity does not aim to hold substantial reserves, but to pass any surpluses on to those in need. Reserves at the end of the year totalled £236,205 (2022 - £257,680) of which £166,387 (2022 - £193,769) are free reserves.
There are restricted funds of £5,000 (2022 – £5,000) restricted for the use of the Community Fund only and unrestricted designated funds of £50,000 (2022 - £50,000). These are not subject to any restrictions regarding their use but the trustees have designated these funds for the use of a specific project.
- 5-
YEOVIL CHRISTIAN SUPPORT TRUST
TRUSTEES ANNUAL REPORT
YEAR ENDED 31 DECEMBER 2023
STATEMENT OF TRUSTEE’S RESPONSIBILITIES
The charity's trustees are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The 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 state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards have been followed, subject to any material departures 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 operation.
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 and 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 (FRS102) (Charities SORP (FRS 102)).
The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
INDEPENDENT EXAMINER
A resolution to re-appoint Simon Bachrach of Chalmers & Co (SW) Limited as independent examiner for the ensuing year will be proposed at the annual general meeting.
Signed by order of the trustees
R HOGBEN Chairman
The Gateway Addlewell Lane Yeovil Somerset BA20 1QN
26 October 2024
- 6-
YEOVIL CHRISTIAN SUPPORT TRUST
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF YEOVIL CHRISTIAN SUPPORT TRUST FOR THE YEAR ENDED 31 DECEMBER 2023 CHARITY NO 1092843
I report to the trustees on my examination of the accounts of Yeovil Christian Support Trust for the year ended 31 December 2023 which are set out on pages 8 to 19.
Responsibilities and basis of report
As the charity’s trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as 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 the report in order to enable a proper understanding of the accounts to be reached.
Simon Bachrach FCA
CHALMERS & CO (SW) LIMITED Chartered accountants Trading as Chalmers & Co. 6 The Linen Yard South Street Crewkerne Somerset TA18 8AB
Date: 28 October 2024
- 7 -
YEOVIL CHRISTIAN SUPPORT TRUST
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING THE INCOME AND EXPENDITURE ACCOUNT
YEAR ENDED 31 DECEMBER 2023
| General | Designated | Restricted | Total | Total | ||
|---|---|---|---|---|---|---|
| Unrestricted | Reserve | Community | Funds | Funds |
||
| Funds | Fund | Fund | 2023 | 2022 | ||
| Note |
£ | £ | £ | £ | £ | |
| INCOME | ||||||
| Donations and legacies | 4a |
106,124 | - | 3,575 | 109,699 | 116,630 |
| Activities for generating | ||||||
| funds | 4b | - | - | - | - | - |
| Investment income | 4c | 4,606 | - | - | 4,606 | 821 |
| ------------------------------- | ------------------------------- | ------------------------------- | ------------------------------- | ------------------------------- | ||
| TOTAL INCOME | 110,730 | - | 3,575 | 114,305 | 117,451 | |
| ------------------------------- | ------------------------------- | ------------------------------- | ------------------------------- | ------------------------------- | ||
| EXPENDITURE | ||||||
| Charitable activities | ||||||
| Grants payable | 5a | - | - | 69,596 | 69,596 | 19,328 |
| Staff costs | 5b | 36,629 | - | - | 36,629 | 25,749 |
| Depreciation and other | ||||||
| costs | 5c | 26,004 | - | - | 26,004 | 27,865 |
| Support costs | 5d | 3,289 | - | - | 3,289 | 3,199 |
| Other costs | 5e | 262 | - | - | 262 | 250 |
| ------------------------------- | ------------------------------- | ------------------------------- | ------------------------------ | ------------------------------- | ||
| TOTAL EXPENDITURE | 66,184 | - | 69,596 | 135,780 | 76,391 | |
| ------------------------------- | ------------------------------- | ------------------------------- | ------------------------------- | ------------------------------- | ||
| NET INCOME/ | ||||||
| (EXPENDITURE) | ||||||
| BEFORE TRANSFERS | 44,546 | - |
(66,021) | (21,475) | 41,060 | |
| TRANSFERS BETWEEN | ||||||
| FUNDS | 12 |
(91,021) | 25,000 | 66,021 | - | - |
| ------------------------------- | ------------------------------- | ------------------------------- | ------------------------------- | ------------------------------- | ||
| NET MOVEMENT IN | ||||||
| FUNDS | (46,475) | 25,000 | - | (21,475) | 41,060 | |
| Balances brought forward | 227,679 | 25,000 | 5,000 | 257,679 | 216,619 | |
| ------------------------------- | ------------------------------- | ------------------------------- | ------------------------------- | ------------------------------- | ||
| Balances carried forward | 181,204 | 50,000 | 5,000 | 236,204 | 257,679 | |
| =============================== | =============================== | =============================== | =============================== | =============================== |
The results for the year derive from continuing activities There are no gains or losses other than those shown above.
The notes on pages 10 to 19 form part of these financial statements.
- 8 -
YEOVIL CHRISTIAN SUPPORT TRUST
STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023
| 2023 | 2022 | |||
|---|---|---|---|---|
| Note | £ | £ | £ | |
| FIXED ASSETS | ||||
| Tangible assets | 8 | 14,817 | 17,753 | |
| CURRENT ASSETS | ||||
| Debtors | 9 | 2,124 | 3,050 | |
| Cash at bank and in hand | 219,979 | 238,844 | ||
| ------------------------------- | ----------------------------- - | |||
| 222,103 | 241,894 | |||
| CREDITORS: Amounts falling due within one | ||||
| year | 10 | (716) | (1,968) | |
| ------------------------------- | -------------------------- | |||
| NET CURRENT ASSETS | 221,387 | 239,926 | ||
| ------------------------------- | ----------------------------- | |||
| TOTAL ASSETS LESS CURRENT LIABILITIES | 236,204 | 257,679 | ||
| ------------------------------- | ----------------------------- | |||
| NET ASSETS | 236,204 | 257,679 | ||
| =============================== | ============================= | |||
| FUNDS | ||||
| Unrestricted | 11 | 181,204 | 227,679 | |
| Designated | 11 | 50,000 | 25,000 | |
| Restricted | 11 | 5,000 | 5,000 | |
| ------------------------------- | ----------------------------- | |||
| TOTAL FUNDS | 236,204 | 257,679 | ||
| =============================== | ============================= |
These financial statements were approved by the members of the committee on the 26[th] day of October, 2024 and are signed on their behalf by:
R HOGBEN Chairman
S HIBBERT Treasurer
The notes on pages 10 to 19 form part of these financial statements.
- 9 -
YEOVIL CHRISTIAN SUPPORT TRUST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023
1. GENERAL INFORMATION
The Charity is constituted by a Deed of Trust dated 24[th] May 2002. A supplemental deed was added by the Trustees in 2012. It is a registered charity in England and Wales. Its address is The Gateway, Addlewell Lane, Yeovil, Somerset BA20 1QN.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with FRS102 ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’, the 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 (FRS102) (Charities SORP (FRS 102)) and the Charities Act 2011.
3 . ACCOUNTING POLICIES
Basis of accounting
The financial statements have been prepared under the historical cost convention and in accordance with the trust deed.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going Concern
There are no material uncertainties about the charity’s ability to continue.
Incoming resources
Incoming resources are included gross and are accounted for once the charity has entitlement to the resources, it is certain that the resources will be received and the monetary value of the incoming resources can be measured with sufficient reliability. Incoming resources received in respect of future periods are deferred to that period.
Voluntary income is received by way of gifts and donations and is included in full in the Statement of Financial Activities when receivable.
Gifts in Kind. The Trust receives donation of food items, but it is not practical to value these upon receipt and therefore no income is reflected. These food items are distributed to those in need and likewise no cost is included.
Incoming resources from tax reclaims are included in the Statement of Financial Activities at the same time as the gift to which they relate.
Activities for generating funds include resources generated by activities which are specifically to raise funds for the charity such as fundraising events.
Investment income includes bank interest and is included when receivable.
Other incoming resources include all income which cannot be allocated directly to the other income categories
.
- 10 -
YEOVIL CHRISTIAN SUPPORT TRUST
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 DECEMBER 2023
Grants receivable
All Revenue Grants receivable are credited to the Statement of Financial Activities as voluntary income.
Resources expended
Resources expended are shown gross and are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and costs are allocated directly to the category to which they relate. Where this allocation is not possible costs are allocated within "support costs".
Grants payable include all grants made to individuals and organisations in Yeovil and its surrounding areas for the relief of hardship and poverty, to support families and individuals in crisis and to assist other organisations holding similar objectives.
Staff costs include all costs relating to the employees of the charity including gross wages payments, social security and pension costs.
Depreciation and other costs include all costs incurred in raising income for the charity including the running costs of the building from which the charity operates and depreciation of the charity’s assets.
Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include the preparation and examination of statutory accounts and legal advice to trustees on governance or constitutional matters.
Support costs include all costs which cannot be allocated directly to the other expense categories.
Value Added Tax
The Charity is not registered for VAT. Irrecoverable VAT is charged against the category of resources expended for which it was incurred.
Unrestricted Funds
General accumulated unrestricted funds represent the funds of the charity that are not subject to any restrictions regarding their use and may be applied in achieving any of the objectives of the charity as decided by the trustees.
Designated Funds
Funds designated for a particular purpose or a specific project by the charity are also unrestricted but shown as a separate fund category. The charity has the following designated fund:
The Reserve fund includes an amount to cover a year of staff costs to cover redundancy payments should unforeseen events occur.
- 11 -
YEOVIL CHRISTIAN SUPPORT TRUST
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 DECEMBER 2023
Restricted Funds
These relate to incoming resources which have been received subject to specific conditions imposed by the donor and binding on the Trustees and may only be applied in accordance with the restrictions placed on the donation. Upon realisation of the aims of the restricted funds, assets of such funds are transferred to unrestricted or designated funds as appropriate. The charity has the following restricted fund:
The Community fund includes all income and expenditure for the charity’s Social Fund which supplies grants to individuals and families in need.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost and are stated at historic cost less depreciation. Assets costing less than £100 are written off in the year of acquisition. Depreciation is provided on all tangible fixed assets at rates calculated to write each asset down to its estimated residual value over its expected useful life, as follows:-
Plant and Equipment - 25% on straight line basis Motor Vehicle - 10% on straight line basis
Pension costs
The charity operates a defined contribution pension scheme for certain employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. Pension costs are charged to the Statement of Financial Activities as incurred, and represent contributions payable by the charity.
- 12 -
YEOVIL CHRISTIAN SUPPORT TRUST
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 DECEMBER 2023
| General | Designated | Restricted | Total | Total | ||
|---|---|---|---|---|---|---|
| Unrestricted | Reserve |
Community | Funds | Funds | ||
| Fund | Fund | Fund | 2023 | 2022 | ||
| £ | £ | £ | £ | £ | ||
| 4. | INCOME | |||||
| 4a. Donations and Legacies | ||||||
| Donations from Individuals: | ||||||
| Pledged Donations | 34,675 | - | 1,260 | 35,935 | 30,587 | |
| One-off Donations | 21,342 | - | - | 21,342 | 31,523 | |
| Income Tax Recoverable | 8,584 | - | 315 | 8,899 | 8,849 | |
| CAF Cheques | 3,140 | - | - | 3,140 | 3,680 | |
| Donations from Churches and | ||||||
| other Organisations | 38,383 | - | 2,000 | 40,383 | 41,991 | |
| ------------------------------------ | ------------------------------------ | ------------------------------- | ------------------------------------ | -------------------------------- | ||
| 106,124 | - | 3,575 | 109,699 | 116,630 | ||
| ================================= | ==================================== | =============================== | ==================================== | =============================== | ||
| 4b. Activities for generating funds | ||||||
| Fundraising Events | - | - | - | - | - | |
| --------------------------------- | ------------------------------------ | ------------------------------- | ------------------------------------ | --------------------------------- | ||
| - | - | - | - | - | ||
| ================================= | ==================================== | =============================== | ==================================== | =============================== | ||
| 4c. Income from Investments | ||||||
| Bank Interest Received | 4,606 | - | - | 4,606 | 821 | |
| ================================= | ==================================== | =============================== | ==================================== | ============================== | ||
| ------------------------------------ | ------------------------------------ | ------------------------------- | ------------------------------------ | ------------------------------------ | ||
| Total Income | 110,730 | - | 3,575 | 114,305 | 117,451 | |
| ================================== | ==================================== | =============================== | ==================================== | ==================================== |
- 13 -
YEOVIL CHRISTIAN SUPPORT TRUST
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 DECEMBER 2023
| General | Designated | Restricted | Total | Total | ||
|---|---|---|---|---|---|---|
| Unrestricted | Reserve |
Community | Funds |
Funds | ||
| Fund | Fund | Fund | 2023 | 2022 | ||
| £ | £ | £ | £ | £ | ||
| 5. | EXPENDITURE | |||||
| CHARITABLE ACTIVITIES | ||||||
| 5a. Grants Payable | ||||||
| Social Fund Payments | ||||||
| (Note 13) | - | - | 69,596 | 69,596 | 19,328 | |
| ==================================== | ==================================== | =============================== | ==================================== | ==================================== | ||
| 5b. Staff Costs | ||||||
| Wages and Employers | ||||||
| National Insurance | 35,332 | - | - | 35,332 | 24,820 | |
| Pension Costs | 1,297 | - | - | 1,297 | 929 | |
| ------------------------------------ | ------------------------------------ | ------------------------------- | ------------------------------------ | ------------------------------------ | ||
| 36,629 | - | - | 36,629 | 25,749 | ||
| ==================================== | ==================================== | =============================== | ==================================== | ==================================== | ||
| 5c. Depreciation & Other Costs | ||||||
| Donation for use of | ||||||
| premises | - | - | - | - | 15,000 | |
| Telephone | 934 | - | - | 934 | 902 | |
| Food Purchases for Boxes | 21,114 | - | - | 21,114 | 6,541 | |
| Insurance | 1,020 | - | - | 1,020 | 904 | |
| Depreciation | 2,936 | - | - | 2,936 | 2,936 | |
| Repairs & Renewals | - | - | - | - | 1,582 | |
| ------------------------------------ | ------------------------------------ | ------------------------------- | ----------------------------------- | ----------------------------- | ||
| 26,004 | - | - | 26,004 | 27,865 | ||
| ==================================== | ==================================== | =============================== | ==================================== | ============================= | ||
| 5d. Support Costs | ||||||
| Travel Costs | 484 | - | - | 484 | 732 | |
| Sundry Expenses | 1,235 | - | - | 1,235 | 496 | |
| Printing, Postage & | ||||||
| Stationery | 196 | - | - | 196 | 259 | |
| Computer Expenses | 588 | - | - | 588 | 428 | |
| Payroll Costs | 456 | - | - | 456 | 900 | |
| Bank Charges | 330 | - | - | 330 | 384 | |
| ------------------------------------ | ------------------------------------ | ------------------------------- | ------------------------------------ | ------------------------------------ | ||
| 3,289 | - | - | 3,289 | 3,199 | ||
| ==================================== | ==================================== | =============================== | ==================================== | ==================================== | ||
| OTHER COSTS | ||||||
| 5e. Governance Costs | ||||||
| Independent Examiners Fee | 262 |
- | - | 262 | 250 | |
| ------------------------------------ | ------------------------------------ | ------------------------------- | ------------------------------------ | ------------------------------------ | ||
| 262 | - | - | 262 | 250 | ||
| ==================================== | ==================================== | =============================== | ==================================== | ==================================== | ||
| ---------------------------------- | ------------------------------------ | ------------------------------- | --------------------------------- | --------------------------------- | ||
| Total Expenditure | 66,184 | - | 69.596 | 135,780 | 76,391 | |
| ==================================== | ==================================== | =============================== | ==================================== | ==================================== |
- 14 -
YEOVIL CHRISTIAN SUPPORT TRUST
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 DECEMBER 2023
6. STAFF COSTS
The aggregate payroll costs were:
| STAFF COSTS The aggregate payroll costs were: |
||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Wages and salaries | 35,332 | 24,820 |
| Other pension costs | 1,297 | 929 |
| ------------------------------- | ------------------------------- | |
| 36,629 | 25,749 | |
| =============================== | =============================== |
There were no charity employees with earnings in excess of £60,000.
Particulars of employees:
The average number of staff employed by the charity during the financial year amounted to:
| 2023 | 2022 | |
|---|---|---|
| No | No | |
| Operations Manager | 1 | 1 |
| Deputy Operations Manager | 1 | - |
| =============== | =============== |
7. NET INCOMING RESOURCES Net incoming resources are stated after charging:
2023 2022 £ £ Staff pension contributions 1,297 929 Depreciation 2,936 2,936 Independent Examiners Fee 262 250 =============== =============== 8. TANGIBLE FIXED ASSETS
| TANGIBLE FIXED ASSETS | |||
|---|---|---|---|
| Plant & | Motor |
Total | |
| Equipment | Vehicle | ||
| £ | £ |
£ | |
| COST | |||
| At 1 January 2023 | 4,089 | 19,140 | 23,229 |
| Additions | - | - | - |
| Disposals | - | - | - |
| ------------------------------- | ------------------------------- | ------------------------------- | |
| At 31 December 2023 | 4,089 | 19,140 | 23,229 |
| =============================== | =============================== | =============================== | |
| DEPRECIATION | |||
| At 1 January 2023 | 1,648 | 3,828 | 5,476 |
| Disposals | - | - | - |
| Charge for the year | 1,022 | 1,914 | 2,936 |
| ----------------------------- | ----------------------------- | ----------------------------- | |
| At 31 December 2023 | 2,670 | 5,742 | 8,412 |
| =========================== | =========================== | =========================== | |
| NET BOOK VALUE | |||
| At 31 December 2023 | 1,419 | 13,398 | 14,817 |
| =============================== | =============================== | =============================== | |
| At 31 December 2022 | 2,441 | 15,312 | 17,753 |
| ========================== | ========================== | ========================== |
- 15 -
YEOVIL CHRISTIAN SUPPORT TRUST
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 DECEMBER 2023
9. DEBTORS
| DEBTORS | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Income tax recoverable | 2,124 | 3,050 |
| Prepayments and accrued income | - | - |
| -------------------------- | -------------------------- | |
| 2,124 | 3,050 | |
| ========================== | ========================== | |
| CREDITORS: Amounts falling due within one year | ||
| 2023 | 2022 | |
| £ | £ | |
| Taxation and social security | - | 916 |
| Pension creditor | 216 | 142 |
| Accruals | 500 | 910 |
| -------------------------- | -------------------------- | |
| 716 | 1,968 | |
| ========================== | ========================== |
10. CREDITORS: Amounts falling due within one year
11. ANALYSIS OF NET ASSETS BY FUND
| Unrestricted |
Designated | Restricted | ||
|---|---|---|---|---|
| General Fund | Funds | Funds | Total Funds | |
| £ | £ | £ | £ | |
| Tangible Fixed Assets | 14,817 | - | - | 14,817 |
| -------------------------- | --------------------------------- | --------------------------------- | -------------------------------- | |
| Current Assets: | ||||
| Cash at bank and building society | 164,979 | 50,000 | 5,000 | 219,979 |
| Income tax recoverable | 2,124 | - | - | 2,124 |
| ----------------------------------- | ----------------------------------- | ----------------------------------- | -------------------------------- | |
| 167,103 | 50,000 | 5,000 | 222,103 | |
| ----------------------------------- | ----------------------------------- | ----------------------------------- | -------------------------------- | |
| Creditors: Amounts falling due within one year: | ||||
| PAYE & National Insurance | - | - | - | - |
| Pension creditor | 216 | - | - | 216 |
| Accruals | 500 | - | - | 500 |
| ---------------------------- | --------------------------------- | --------------------------------- | -------------------------------- | |
| 716 | - | - | 716 | |
| ---------------------------- | --------------------------------- | --------------------------------- | -------------------------------- | |
| Net current assets/(liabilities) | 166,387 | 50,000 | 5,000 | 221,387 |
| ============================= | =============================== | =============================== | ============================== | |
| Total assets less current liabilities | 181,204 | 50,000 | 5,000 | 236,204 |
| ============================= | ================================ | =============================== | ============================== | |
| --------------------------------- | ---------------------------------- | ---------------------------------- | -------------------------------- | |
| FUND BALANCES | 181,204 | 50,000 | 5,000 | 236,204 |
| =============================== | ================================== | ================================== | =============================== |
- 16 -
YEOVIL CHRISTIAN SUPPORT TRUST
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 DECEMBER 2023
12. RELATED PARTY TRANSACTIONS AND CONNECTED CHARITIES
The trustees have received no remuneration nor reimbursement for any expenses incurred in connection with the charity during the year (2022 £Nil).
Although Yeovil Christian Support Trust was set up by Yeovil Community Church, the charities are not formally related. Yeovil Christian Support Trust has use of the premises of Yeovil Community Church free of charge. The Chairman of Yeovil Christian Support Trust was previously a trustee of Yeovil Community Church Trust and his wife is currently part of the leadership team of Yeovil Community Church. The wife of the Treasurer of Yeovil Christian Support Trust is currently a trustee of Yeovil Community Church and his daughter and son-in-law are currently employed by Yeovil Community Church.
A donation was made to Yeovil Community Church in respect of it’s Yeovil 4 Family work as set out in note 13.
A donation was made to Prodigal Bikes, a charity, which has a Trustee in common, as set out in note 13.
- 17 -
YEOVIL CHRISTIAN SUPPORT TRUST
NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 DECEMBER 2023
13. LORDS LARDER COMMUNITY FUND GRANTS
| 2023 | |
|---|---|
| £ | |
| Fridge freezer | 378.99 |
| Furniture for YCC client | 389.96 |
| Clothes for the Roost | 70.50 |
| Washing machine for Y4F client | 334.00 |
| Sofa/bed/desk combo for Y4F client | 398.00 |
| Doorbell/camera for Y4F client | 100.00 |
| Council Tax | 202.43 |
| Electric cooker for Y4F client | 399.00 |
| 1 month’s rent | 500.00 |
| Tent for homeless couple | 100.00 |
| Fridge freezer for Y4F client | 284.00 |
| Doorbell/camera for Y4F client | 99.00 |
| Washing machine & cooker for Y4F client | 758.00 |
| Sofabed | 202.95 |
| Tent for homeless male | 70.00 |
| 4 tents for the homeless | 221.95 |
| Electric cooker | 470.00 |
| Beds and bedroom furniture | 499.95 |
| Radio and doorcam | 69.98 |
| Washer dryer | 389.00 |
| Microwave | 55.00 |
| Washing machine | 434.00 |
| Henry cordless hoover | 300.00 |
| Tents for the Roost | 316.00 |
| Fencing a garden | 430.00 |
| Sofa | 60.00 |
| Tent | 64.00 |
| Bed and mattress for Y4F client | 190.58 |
| Cooker and washing machine for Y4F Client | 833.00 |
| Travel costs for CAB client | 300.00 |
| Chromebook and case | 180.50 |
| Cooker | 469.00 |
| 6 Tents | 324.00 |
| Dining table | 249.99 |
| Counselling | 340.00 |
| Child car seat | 229.95 |
| Bus fare – YCC client | 20.00 |
| Fridge | 519.00 |
| Rentokil - Fleas | 396.73 |
| Gas card – top up | 40.00 |
| Service charge – to house a homeless man | 170.00 |
- 18 -
YEOVIL CHRISTIAN SUPPORT TRUST
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 DECEMBER 2023
| Doorbell camera | 49.99 |
|---|---|
| Epilepsy alarm | 259.00 |
| Electric cooker | 484.00 |
| Ottaman bed frame | 219.95 |
| Utility bills | 400.00 |
| Electric cooker | 534.00 |
| Metal curtain pole | 40.00 |
| Prodigal Bikes | 2,750.00 |
| The Makers Place | 3,000.00 |
| Grant to Yeovil 4 Family | 50,000.00 |
| ---------------------------------------- | |
| 69,596.40 | |
| ========================================== |
- 18 -