LEEDS FAITH IN SCHOOLS
ANNUAL REPORT AND STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2023
COMPANY REGISTRATION No: 04843253
CHARITY REGISTRATION No: 1106036
Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF
LEEDS FAITH IN SCHOOLS (A COMPANY LIMITED BY GUARANTEE)
CONTENTS
Page 3 Legal & Administrative Information. Pages 4 to 8 Report of the Directors. Page 9 Independent Examiner's Report on the Accounts. Page 10 Statement of Financial Activities. Pages 11 Balance Sheet. Page 12 - 17 Notes to the Financial Statements.
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LEEDS FAITH IN SCHOOLS (A COMPANY LIMITED BY GUARANTEE)
LEGAL AND ADMINISTRATIVE INFORMATION
CHARITY NUMBER
1106036
COMPANY REGISTRATION NUMBER 04843253 DATE OF INCORPORATION 23rd July 2003 START OF FINANCIAL YEAR 1st September 2022 END OF FINANCIAL YEAR 31st August 2023
DIRECTORS AT 31ST AUGUST 2023
Graeme Collins Revd Mark Harlow (Chair) Helen Allison Naomi Griffiths-Littlechild Ann Nicholl Anthony Sheppard
PRINCIPAL STAFF
Ben Cordy
GOVERNING DOCUMENT
Memorandum and Articles of Association Incorporated 23rd July 2003 as amended by Resolution dated 21st January 2008.
OBJECTS
The objects are for the benefit of young people in Leeds and the surrounding areas:
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To advance education.
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To provide facilities in the interests of social welfare for recreation and leisure time occupation with the object of improving their conditions of life. The objects shall be pursued in accordance with the Christian Principles set out in the Statement of Faith in the schedule to the articles.
WEBSITE www.lfis.org
REGISTERED ADDRESS The Cottage Raynel Drive Leeds West Yorkshire LS16 6BS BANKERS Unity Trust Bank plc The Co-operative Bank plc Nine Brindley place PO Box 101 4 Oozells Square 1 Balloon Street Birmingham Manchester B1 2HB M60 4EP
INDEPENDENT EXAMINER K Gomes Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF
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LEEDS FAITH IN SCHOOLS
DIRECTORS’ AND TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
The company was incorporated on 23 July 2003 under the Companies Act 1985 as a company limited by guarantee, and is therefore governed by a memorandum and articles of association.
On 1 August 2003 the remaining net assets of the unincorporated charity 'Leeds Faith in Schools' were transferred to the company. The transfer was in accordance with the unincorporated charity's constitution and a resolution to transfer the funds had been signed by the trustees.
During the following year the company applied for charitable status and on 24th September 2004 the charity became registered with the Charity Commission in England and Wales. All the directors of the company are also trustees of the charity. The trustees who served during the year under review and to date are set out on page 3. Under the articles of association at the AGM one third of the directors, who are subject to retirement by rotation, shall retire from office.
The trustee body comprises practising Christians from a wide breadth of Church traditions. The organisation is non-denominational. The skill base of the trustee body is regularly reviewed. Where a need for additional skills is identified, recruitment is undertaken on an informal basis via the Christian community in Leeds. Prospective trustees are interviewed at a trustees meeting. An induction pack is given to new trustees highlighting their responsibilities for the organisation.
The trustees meet bi-monthly to review the activities of the organisation. All trustees give their time voluntarily. Any expenses reclaimed by trustees from the charity are set out in note 7 to the accounts.
The directors have implemented a risk management strategy which comprises:
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An annual review of the risks which the charity may face;
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The establishment of systems and procedures to mitigate those risks identified; and
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The implementation of procedures designed to minimise any potential impact on the charity should any of those risks materialise.
ACTIVITIES
The focus of our work
Leeds Faith in Schools continues to operate under the mission statement: "Good News to the young people in the High Schools of Leeds." We believe that partnering with school senior leaders, staff, and young people is the most effective way to achieve our goals. Our model involves individual youth and schools workers delivering a wide range of activities in schools. This approach allows us to remain a flexible and professional resource for schools, providing the local church with an effective way to care for and invest in the lives of young people in Leeds.
Our schools workers contribute to many areas of school life, including:
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Assemblies, RE lessons, Events and lunch clubs: We contribute to schools' SMSC (spiritual, moral, social, and cultural) development and enhancing the spiritual growth of young people. During the pandemic, we adapted by moving some activities online, delivering virtual assemblies and lessons to offer messages of hope in difficult times. We also organise one-off events such as Prayer Spaces,
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PSHCE lessons: We provide education on important topics such as healthy relationships and sex, money management, stress and anxiety, and global justice issues.
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Mentoring individuals and groups: We address issues such as self-harm, self-esteem, anger management, and friendship. Mentoring has moved back into schools now following the pandemic, where much of it had been conducted via phone conversations.
In addition to our work in schools, we partner with youth groups and organisations across the city to host various recreational activities and discipleship opportunities for students throughout the school year. We are committed to developing local expressions of Christian youth ministry by supporting churches in creating and establishing new youth groups, drop-in sessions, and discipleship programmes.
How does our work benefit the public?
Our main activities and achievements are highlighted below. All our charitable activities focus on our key aim of being Good News to the High Schools in Leeds. Our schools and youth workers are valued and respected members of their school communities, undertaking our activities to further our charitable purpose for the public benefit.
ACHIEVEMENTS AND PERFORMANCE
2022/23 proved to be a key year for us as a project. In the face of growing opportunities coupled with financial challenges, the team worked hard to serve and support as many young people as possible across our city. With a reduced team capacity for much of the year, we were thrilled to finally appoint our East Leeds role and see new capacity form around our Administrator role.
We continued in this period to see a growing openness amongst young people with a growing interest in our lessons and faith experience programmes. We continue to see new schools across Leeds open to the work of LFIS and have worked hard through this year to find ways to grow our capacity to better serve the needs that are there.
As we look forwards, we hope to continue the growth of our work, to speak into and challenge the areas that fail to serve our young people well and to work alongside our partner schools and churches to see ‘Good News’ brought to life in the experiences of young people.
Links with local churches
In the past year we have continued our plan to engage and reconnect with church support. We were pleased to be able to visit a number of our church supporters to share updates about our work. We also initiated contact with a number of new congregations and churches we hope will support us in working in the schools within their communities.
Our after school drop ins continues to create significant opportunities to connect the local church with our work and create tangible opportunities for churches to work alongside us. We also helped to facilitate some church visits both from schools to church buildings and bringing local church representatives into schools too, both are impactful opportunities to show young people what it means to walk the Christian faith.
We have continued prioritising connection and engagement with our key church supporters, working to deepen our relationships. We’ve worked to use feedback from these connections to improve how we communicate our work and continue to build on our missional work with the wise counsel of these trusted supporters.
Key Moments
During this last year, we have seen the return of opportunities to deliver lessons to a number of schools where our work had been predominantly pastoral in its focus. The opportunity to teach and engage whole years groups in these schools has strengthened connections and relationships with students which we hope will be productive for many years to come as they journey their way through high school. We continue adapting the focus of our work in some of our partner schools to make sure we use every means possible to positively impact the lives of the young people we encounter.
This year saw the return to what felt like ‘full’ capacity and marking the end of the year with a team retreat, we reflected that it felt like a significant step change for us as a charity. With this capacity in place we can now once
again turn our focus to growing the work on the ground responsively to the need that is there.
We’ve continued to see drop in groups growing in strength and number across the city with a clear sense that this is an area of opportunity for the future. As we prepare for the next academic year, we plan to release team capacity and time for the development of several more of these in other communities across the city. As a base for developing partnership and volunteering opportunities, these groups provide churches of Leeds with the setting to engage young people in a meaningful way.
Early in the academic year we were privileged to be invited to lead a day’s retreat for year 7’s in a school we had an informal connection with for many years. This along with our annual prayer space week form such pivotal moments where we can see young people connect with the concept of prayer and the question of faith for them personally.
Volunteers
During this year we saw a number of new volunteers join our Otley drop in team. It has been great to see a community form around this work and we’ve begun to see increased crossover with our schools work with some of the volunteers getting involved in some mentoring within school. We hope to continue this increase in the coming year with plans to draw new support from the student population in the city.
Financial Achievements
The 2022/23 financial period continued to be a challenging season for us as a charity. With depleted reserves and continuing reduction in some areas of our income we worked to address and stabalise our finances through a number of different means.
We sought to increase and normalise the amounts asked for from our schools recognising a degree of disparity between the amounts contributed. We also worked to seek reconnection with churches across the city in recognition of the loss of contact through the pandemic. The effect of both of these actions brought about some increased income which greatly assisted with our fundraising picture.
We were successful in gaining financial support through a number of small grants. We continue to proactively engage with trust funds both near and far. We see this area of our income as something that can be increased in time and something we hope will support growth into new schools over the coming years.
Our expenditure was ever so slightly above budget owing to cost increases across a number of areas of non staff expenditure. We did however see significant savings against the budget in relation to some office costs which somewhat offset the overspend.
Income was significantly below our budgeted target, however we did see some unexpected income specifically in support of the new East Leeds role. We anticipate this new income will continue into the next academic year and plan to adjust our budget for next year to better reflect some realistic targets for fundraising in light of the changing picture of personal income and church giving.
Our work is only possible because of the consistent generosity of individuals, churches and trusts. We continue to greatly value the support and encouragement of all of our supporters and plan to do all we can to draw in new support over the coming years.
At the beginning of the school year we said goodbye to Rio Walsh who had been the team administrator for a number of years. In her place we welcomed Pip Ridgway who initially took up the role of Charity Administrator, adding some school support work to her role later in the school year. We were also pleased to appoint Molly Skaife to the role of East Leeds schools worker. Although Molly’s full time role didn’t commence till the beginning of the next school year she joined the team part time for the final school term to begin the transition into her role with LFIS.
Governance Changes
We were sad to say goodbye to Tony Sheppard and Helen Allison who had each been part of the board of trustees for a number of years. We thank them for their service to the work of LFIS and their ongoing support. We have continued to work to develop a clear sense of the needs within the trustees board and are actively working to recruit new trustees to fulfill a number of key roles within the governance structure.
LOOKING FORWARD
The Trustees recognise that the charity is securely established in its procedures and is highly regarded by the schools and churches of Leeds. It is their strong purpose to see the charity continue to grow so that more schools can be served to the benefit of more young people. We are also keen to continue to develop partnerships across the city and particularly alongside churches in the communities around the schools.
The trustees have continued to seek to contain costs and seek new sources of funding in what continues to be a challenging financial environment. This will continue to be a priority in the future.
The trustees will continue to actively recruit new trustees to support and extend the work of the charity. Where possible will seek to appoint trustees that represent the diversity of churches and communities across the city to better serve the focus and activities of LFIS.
FINANCIAL REVIEW
The Statement of Financial Activities shows a net deficit for the year of £-23,542 and the cash position stands in total at £12,463 as of 31 August 2023. The deficit total has been subsequently reduced by the payment of some outstanding invoices and the reserves returned to the 3 month total outlined below via the support of a number of one off donations received in the first school term of 2022/23.
The trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets (the 'free reserves’) held by the charity should be 3 months of resources expended. At this level the trustees feel they would be able to continue the activities of the charity in the event of a drop in funding and enable sufficient time for replacement funding to be sourced. This year the free reserves fell below this level.
The principal funding source is from donations (which includes giving from individuals as well as churches), and the charity is very grateful for this support.
STATEMENT OF THE RESPONSIBILITIES OF THE DIRECTORS AND TRUSTEES
The Charities Act and the Companies Act require the board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to:
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select suitable accounting policies and then apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on a ongoing concern basis unless it is inappropriate to presume that the company will continue in business;
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state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements.
The directors are responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity’s transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with the regulations made under the Charities Act. They 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.
The directors are also responsible for the contents of the Report of the Directors, and the responsibility of the independent examiner in relation to the Report of the Directors is limited to examining the report and ensuring that, on the face of the report, there are no inconsistencies with the figures disclosed in the financial statements.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
I approve the attached statement of financial activities and balance sheet for the period ended 31st August 2023, and confirm that I have made available all information necessary for its preparation.
Signed on their behalf by …………………………………..
Mark Harlow, Chair and Director. Company Registration number: 04843253
LEEDS FAITH IN SCHOOLS (A COMPANY LIMITED BY GUARANTEE)
INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2023.
RESPONSIBILITIES AND BASIS OF REPORT
As the charity’s trustees of the Company (who are also the directors of the company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).
Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act.
INDEPENDENT EXAMINER'S STATEMENT
I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that:
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accounting records were not kept in accordance with section 386 of the Companies Act 2006; or
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the accounts do not accord with such records; or
• the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 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; or
- the accounts have not been prepared in accordance with the Charities SORP (FRS102).
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 understanding of the accounts to be reached.
K Gomes MAAT FCIE Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF
Date: 29.5.24
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LEEDS FAITH IN SCHOOLS (A COMPANY LIMITED BY GUARANTEE)
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2023
(Incorporating Income & Expenditure Account)
| Notes INCOME Income from Generated Funds Donations and Legacies 3a Other Trading Activities 3b Income from Investments 3c 3d TOTAL INCOME EXPENDITURE 4a TOTAL EXPENDITURE NET INCOME/ EXPENDITURE Fund Brought Forward TOTAL FUNDS CARRIED FORWARD Income from Charitable Activities Expenditure on Charitable Activities |
TOTAL TOTAL Unrestricted Designated Restricted Funds Funds Funds 2022/23 2021/22 £ £ £ £ £ 77,458 - 4,583 82,041 80,990 - - - - - 439 - - 439 59 49,639 - - 49,639 59,799 |
|---|---|
| 127,535 - 4,583 132,119 140,848 |
|
| 155,660 - - 155,660 167,999 |
|
| 155,660 - - 155,660 167,999 |
|
| (28,125) - 4,583 (23,542) (27,151) 40,588 - 2,440 43,028 70,179 |
|
| 12,463 - 7,023 19,486 43,028 |
Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing.
The notes on pages 12 to 17 form part of these financial statements.
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LEEDS FAITH IN SCHOOLS (A COMPANY LIMITED BY GUARANTEE)
BALANCE SHEET AS AT 31ST AUGUST 2023
| Unrestricted | Restricted | 31-Aug-23 | 31-Aug-22 | ||
|---|---|---|---|---|---|
| Funds | Funds | Total | Total | ||
| Note | £ | £ | £ | £ | |
| Fixed Assets | |||||
| Tangible Assets | 2 | - | - | - | - |
| - | - | - | - | ||
| Current Assets | |||||
| Debtors & Prepayments | 7 | 2,777 | - | 2,777 | 10,969 |
| Cash at Bank and in Hand | 6 | 10,811 | 7,023 | 17,835 | 35,009 |
| Total Current Assets | 13,589 | 7,023 | 20,612 | 45,979 | |
| Creditors:amounts falling due within | 8 | 1,126 | - | 1,126 | 2,950 |
| one year | |||||
| NET CURRENT ASSETS | 12,463 | 7,023 | 19,486 | 43,028 | |
| TOTAL ASSETSless current liabilities | 12,463 | 7,023 | 19,486 | 43,028 | |
| Creditors:amounts falling due in more | 9 | - | - | - | - |
| than one year | |||||
| NET ASSETS | 12,463 | 7,023 | 19,486 | 43,028 | |
| Funds of the Charity | |||||
| General Funds | 12,463 | - | 12,463 | 40,588 | |
| Restricted Funds | 5 | - | 7,023 | 7,023 | 2,440 |
| Total Funds | 12,463 | 7,023 | 19,486 | 43,028 |
For the financial year ending 31 August 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' Responsibilities:
• The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
• The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved by the Directors on ............................................ 28 May 2024
Signed on their behalf by Director .................................................. Mark Harlow, Chair and Director.
Company Registration Number: 04843253
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LEEDS FAITH IN SCHOOLS
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2023
Basis of Preparation
The financial statements have been prepared on the historical cost basis of accounting in accordance with the Charities Act 2011, Statement of Recommended Practice "Accounting and Reporting by Charities" (SORP 2015), applicable accounting standards and the Companies Act 2006. The accounts have been prepared on an ongoing concern basis. The charity meets the definition of a public benefit entity under FRS102.
Advantage has been taken of Section 396(5) of The Companies Act 2006 to allow the format of the financial statements to be adapted to reflect the special nature of the charity's operation and in order to comply with the requirements of the SORP.
The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement.
1. ACCOUNTING POLICIES
The particular accounting policies adopted are set out below.
INCOME
Recognition of Income
These are included in the Statement of Financial Activities (SOFA) when:
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the charity becomes entitled to the resources;
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the Directors are virtually certain they will receive the resources; and
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the monetary value can be measured with sufficient reliability.
Offsetting
There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS102 SORP or FRS102.
Grants and Donations
Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
Tax Reclaims on Donations and Gifts
Incoming resources from tax reclaims are included in the SOFA in the same financial period as the gift to which they relate.
Contractual Income and Performance Related Grants
This is only included in the SOFA once the related goods or services has been delivered.
Gifts in Kind
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when received.
Donated Services and Facilities
These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.
Volunteer Help
The value of any voluntary help received is not included in the accounts but is described in the Directors' annual report.
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LEEDS FAITH IN SCHOOLS (A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2023
1. ACCOUNTING POLICIES (Continued)
EXPENDITURE AND LIABILITIES
Liability Recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
Governance Costs
Governance Costs include costs of the preparation and examination of statutory accounts, the costs of the Directors' meetings and cost of any legal advice to Directors on governance or constitutional matters.
Grants with Performance Conditions
Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output.
CHANGES IN ACCOUNTING POLICIES AND PREVIOUS ACCOUNTS
There has been no change to the accounting policies since last year and no changes in the previous accounts.
ASSETS
Fixed Assets
These are capitalised if they can be used for more than one year, and cost at least £500. They are valued at cost or, if gifted, at the value to the charity on receipt.
Depreciation is calculated at a rate to write off the cost of tangible fixed assets on a straight line balance over their estimated useful lives. The rates applied per annum are as follows:
Fixtures and equipment 33.3%
2. TANGIBLE FIXED ASSETS
| Unrestricted | Total | ||
|---|---|---|---|
| Fixtures and equipment | |||
| £ | £ | ||
| Cost | 01-Aug-22 | 19,600 | 19,600 |
| Additions | - | - | |
| Cost at | 31-Aug-23 | 19,600 | 19,600 |
| Depreciation | 01-Aug-22 | 19,600 | 19,600 |
| Charge | - | - | |
| Depreciation at | 31-Aug-23 | 19,600 | 19,600 |
| Net Book Value | 31-Aug-23 | - | - |
| Net Book Value | 31-Aug-22 | - | - |
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LEEDS FAITH IN SCHOOLS (A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2023
3. INCOME
| TOTAL | TOTAL | ||||
|---|---|---|---|---|---|
| Unrestricted | Designated | Restricted | |||
| Funds | Funds | Funds | 2022/23 | 2021/22 | |
| £ | £ | £ | £ | £ | |
| a) Donations and Legacies | |||||
| Gifts & Donations | 72,125 | - | 4,583 | 76,708 | 70,826 |
| Gift Aid | 5,332 | - | - | 5,332 | 10,164 |
| 77,458 | - | 4,583 | 82,041 | 80,990 | |
| b) Other Trading Activities | |||||
| Fundraising Activities | - | - | - | - | - |
| - | - | - | - | - | |
| c) Income from Investments | |||||
| Interest Received | 439 | - | - | 439 | 59 |
| 439 | - | - | 439 | 59 | |
| d) Income from Charitable activities | |||||
| Schools Income -Recovery of Staff Salary | 49,639 | - | - | 49,639 | 59,799 |
| 49,639 | - | - | 49,639 | 59,799 | |
| 4. EXPENDITURE | |||||
| TOTAL | TOTAL | ||||
| Unrestricted | Designated | Restricted | |||
| Funds | Funds | Funds | 2022/23 | 2021/22 | |
| £ | £ | £ | £ | £ | |
| a) Expenditure on Charitable Activities | |||||
| Communications | |||||
| Publicity | 320 | - | - | 320 | - |
| Website | 480 | - | - | 480 | 469 |
| Expenses | |||||
| City Wide | 299 | - | - | 299 | 12 |
| Consumables | 481 | - | - | 481 | 409 |
| Events | 73 | - | - | 73 | 30 |
| Resources | 548 | - | - | 548 | 654 |
| Carried Forward | 2,255 | - | - | 2,255 | 1,573 |
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LEEDS FAITH IN SCHOOLS
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2023
4. EXPENDITURE (continued)
| Unrestricted | Designated | Restricted | TOTAL | TOTAL | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2022/23 | 2021/22 | |
| £ | £ | £ | £ | £ | |
| a) Expenditure on Charitable | Activities (cont.) | ||||
| Brought Forward | 2,255 | - | - | 2,255 | 1,573 |
| Office | |||||
| Equipment (under £500) | 938 | - | - | 938 | 711 |
| Phone & Internet | 644 | - | - | 644 | 620 |
| Printing, postage & stationery | 3,088 | - | - | 3,088 | 3,402 |
| Rent | 10,256 | - | - | 10,256 | 9,973 |
| Utilities | 1,583 | - | - | 1,583 | 1,620 |
| Sundries | 371 | - | - | 371 | 527 |
| Other | |||||
| Accountancy | 2,298 | - | - | 2,298 | 1,320 |
| Bank Charges | 100 | - | - | 100 | 72 |
| DBS Costs | 238 | - | - | 238 | 105 |
| Insurance | 1,297 | - | - | 1,297 | 1,283 |
| Payroll Fees | 538 | - | - | 538 | 708 |
| Recruitment | 297 | - | - | 297 | 427 |
| Subscriptions | 377 | - | - | 377 | 343 |
| Staff | |||||
| Employment Costs | 124,865 | - | - | 124,865 | 138,412 |
| Hospitality | 185 | - | - | 185 | 1,238 |
| Training & Retreat | 2,111 | - | - | 2,111 | 2,041 |
| Travel | 3,736 | - | - | 3,736 | 3,623 |
| Staff Care | 483 | - | - | 483 | - |
| 155,660 | - | - | 155,660 | 167,999 |
5. RESTRICTED FUNDS
| Mr Willats The Slavanka Trust 6. CASH AT BANK AND IN HAND Bank Accounts Petty Cash Credit card |
Balance Balance 01-Aug-22 Income Expenditure 31-Aug-23 £ £ £ £ - 4,583 - 4,583 2,440 - - 2,440 |
|---|---|
| 2,440 4,583 - 7,023 |
|
| Unrestricted Restricted Total Total Fund Fund 31-Aug-23 31-Aug-22 £ £ £ £ 11,313 7,023 18,336 34,963 40 - 40 46 541 - 541 - - |
|
| 10,811 7,023 17,835 35,009 |
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LEEDS FAITH IN SCHOOLS (A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2023
7. DEBTORS AND PREPAYMENTS
| Income tax recoverable Trade debtors |
Unrestricted Restricted Total Total Fund Fund 31-Aug-23 31-Aug-22 £ £ £ £ 2,709 - 2,709 3,342 68 - 68 7,627 |
|---|---|
| 2,777 - 2,777 10,969 |
8. CREDITORS AND ACCRUALS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Creditors and accruals | Unrestricted Restricted Total Total Fund Fund 31-Aug-23 31-Aug-22 £ £ £ £ 1,126 - 1,126 2,950 |
|---|---|
| 1,126 - 1,126 2,950 |
9. CREDITORS AND ACCRUALS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR
There were no Creditors or Accruals falling due in more than one year during this financial year (2021/22: None).
10. STAFF COSTS AND NUMBERS
| 2022/23 £ Gross Wages and Salaries 109,718 Employer's National Insurance Costs 8,446 Pension 6,701 124,865 Average number of Employees who were engaged in each of the following activities: 2022/23 TOTAL Activities in furtherance of organisation's objects 5 Management and administration 1 Total 6 |
2021/22 £ 122,258 8,775 7,379 |
|---|---|
| 138,412 | |
| 2021/22 TOTAL 5 1 |
|
| 6 |
No employees received emoluments in excess of £60,000. Staff are paid through the PAYE system. (2021/22:Nil)
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LEEDS FAITH IN SCHOOLS (A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2023
11. DIRECTORS AND OTHER RELATED PARTIES
No payments were made to directors or any persons connected with them during this financial period. No material transaction took place between the organisation and a trustee or any person connected with them.
12. RISK ASSESSMENT
The directors actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The directors have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.
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