SWINEMOOR CHRISTIAN TRUS[ IA Company Limited by Guarantee) Z6-Qg-2024 DIREcfoRS' REPORT AND UNAUDITED FINANCIAL StATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Charty number 1109422 Company Number 05296397
SWINEMOOR CHRISTIAN TRUSr CONTENTS OF THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Tru5tees' Report for the year ending 31 December 2023 Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes forming part of the financial statements Detailed statement of intome and expendtLure 2-4 8-10 li
SWNEMOOR (IIRISTIAN TRusr TRUSTEES, ANNUAL REPORT IINCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees are pleased to present their annual directors, report together wrth the financial statements of the charlty for the year ended 315t December 2023. which have been prepared to meet the statutory requirements ofthe Companies Act. The Financial Statements comply with the Charities Act 2011, Companies Act 2006, the memorandum and Articles of Association. Accounting and Reporting by charities-. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entitie5. Objectives and Activlties The purpose5 of the charity are to advance the Christian faith in accordance with the Statement of Beliefs In the Swinemoor area of Beverley in the County of East Yorkshire and in such parts of the United Kingdom, or the world as the Trustees of the charity may from time to time see fit. to fulfll other purpose5 which are exclusively charitable and are connected with the charwtsble work of the charity. and to relleve persons who are in condition of need or hardship or sick and to relieve the dlstress caused thereby in the said location and in other parts of the Untted Kingdom or the world as theTrustees may from time to time see frt. Public Benefft All the activiities of the charlty satisfy the requirements to be acting for the benefit of the publlc. Achievements and Perfomiance Swinemoor Christian Trust's main activty is through tts charity Shop 'Chat' which is located In a parade of shops on Swinemoor Estate, Bevedeyi East Yorkshire. The estate comprises both council and private housing. Parts of the estate over the years have suffered Social deprivaton and also beneflt from a local foodbank. The shap sells clothes. household items and toys, etc at reasonable prIS that the community can afford, Imuch cheaper than the Beverley Town charlty shops). There is also a facilty In the front area of the shop where local residents can meet for a chat with free refreshments. The Shop also provides part time employment for 4 workers and work experience for about 12 volunteer5. Financial Review The shop'5 turnover is £28.657 which is an increase af £5,040 compared to £23,617 in 2022, This year the expenses were £21.388 which compared to £31,307 in 2022, but the latter included a loan repayment of EIO,ODJ. This has resulted in a net increase in funds of £7.269 and a balance of £98,714 total funds at the end of the year. The trustees have no fixed sum for reseNes but consider adequate resource5 are available to fund the artivities and pay the wages of the employees for the considerable future. The trustees are of the vlew that the charity is a going concern. They plan to put aside £30.000 in 8 savings account.
SWINEMOOR CHRISTIAN TRUST TRUSTEES, ANNUAL REPORT (INCLUDING DIREoRs. REPORT) Icontlnued) FOR THE YEAR ENDED 310ECEMBER 2023 Plan5 for the future Barclays Bank plc c105ed the accounts during the year which meant funds from those two accounts were held as a cheque, and transactions had to be carried out in cash. In the current year Barclays bank has reopened the account. but have closed the local branch. Since all income is in the form of cash this is very inconvenient and the Directors are in the process of opening an account with N?tWest Bank which ha5 a branch in Beverley for deposlting takings. Looklng forward to 2024 the trLeeS hope that nomal business wlll continue to grow. Structure, Governance and Management The orgar)isation Is a charitsble company limited by guarantee, incorporated on 25th November 2004 and registered as a charity on Ilth May 21x15. The company was established under a Memorandurn of Association which establishes the objects and powers of the charitable company and is governed by it Articles of Association. In the event of the company being wound up the tru5tee5 are prepared to CDntribute an amount not exceeding £10. Appolntment of Trustees The directors of the company are also charrty trustees for the purpose of charity law and under the company's articles are known as members of the Management Committee. Under the requirements of the Memorandum and Aricles ofAssociation the members ofthe Management Cmmittee are elected to serve for a period of one year after whlch they must be re-elected at the next Annual General Meeting. The management tommittee seek to recruit trustees who will have the knowledge and experience to assist the charity. The Dlrectors offer themselves for re-election at the AGM. Trustee Inductlon and Trainlng New trustees undergo an orientatlon day to brief them on their legal obligations under charity and company law. the Charity Commission guidance on public benefit. and inform them of the content of the Memorandum and Articles of Association, the committee and decision making process, the business plan and recent financial performance of the charity. During the induction day they meet key employees and other trustees. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role.
SWINEMOOR CHRisllAN TRUST TRusfEES' ANNUAL REPORT IINCLUDING DIREcfoRS' REPORn Icontinued} FOR THE YEAR ENDED 31 DECEMBER 2023 Referen and Administrative details Charity name Reglstered charity number Company registration number Registered office- 5winemoor Christian Trust 1109422 05296397 7 Samman Road Beverley East Yorf(shire HU17 OBS Dlrectors and Trustees The directors of the tompany are it's trustees forthe purposes of charlty law. The trustees and officers seNing durlng the year and since the year end were: J T Beevors J Beevors S Edwards S Merryweather Dirertor and Chair Director Dirertor Director Other officers who are not Director5 Y L South Treasurer r&appointed at AGM TGreen shop Manager The management committee seek to ensure that the needs of this group are appropriatety satisfied through the diversity of the trustee body. The number of trustees shall not be less than three (unless otherwise determined by ordinary resolution) and shall not be subjected to any maximum. The chartty shall hold an annual general meeting each year in addition to any other meetings as agreed by the trustees. Declarations The company has taken advantage of the small companies, exemption in preparing their reF)Ort. The trustees declare that they have approved the trustees. report {including directors, report}. Signed on behalf of the charwtiy's trustees/direttors Signature If Full name John keevors Posltion Chairperson Date ?& J¥ /&q
INDEPENDENT EXAMINERS REPORT ON THE ACCOUNTS Report to tt)e trusteeslmembers of the SwinemcK)r Chrisb'an Tfust th@ acuiunt5 ftjr the year ended 31 sl Decèmber 2023 set out on pages 8 to 10. RESPECTIVE RESPONSIBILlEs OF TRUSTEES AND EXAMINER The charity's trustees Iwho are also the directors of the cwany for the purposes of company law) ar8 responsibie for th? Fry?aration of the coUnt$. The Charis twst*s consKler th2t ab audit is not required for this year under sedon 14412) of th& Chariles P£t 2011 Ifhe 2011 Act) and that an independent examination is needed. Having satisfied myselF that the charity is rkot sufy'ecl to an audit under Part 16 of the Companies Act 2006 and is eligible for independent exaMinatn, it is my reswnsib18 10- Ex8mine the accounts under $tI)n 145 ofthe 2011 Act To follow the proceedur88 lahj d¢)wn in the General [lir[S gwen by the Charty Commission urKler section 14515){b} of the 2011 Act. and To stale whether PartUlar matters have CO to my attentw)n BASIS OF INDEPENDENT EXAMINER'S REPORT My examination was carried out in accordan with the general dIrecnS gNen by the Charity Commission. An examination iludeS a review of the aUnting records kept by the charity and a comparison of the aix¥Junts presented wrth those red$. It atso indudes conSiration of any unusual Items or disclosures in the accounts, and seeking explanalK)ns from the Iruslees Conming any such matters. The syocedures urw$8rtaken do rt pyovide all the eviden that would be r8quired in an audit and cons8quently rKJ opinion 18 grven as to whether the accounts present a'true and fair view, and the report is limited lo those matters Set in the statement bell. INDEPENDEMf EXAMINER'S STATEMEKr In the course of my ex8mination. no matter has come to my attention.. (1} whh gives me a reasonable cause to believe that. in any material respec( the trust888 havé not mal the requirements to ensure Ihat proper accounting records are kept in aCCcwd with lIon of the Companies Act 2006.'and accounts are prepared which agw wilh the )Unting records and comply with th8 accounting requirements of Ihe Compani&s 2(th Acl and with the methods and principle8 of the Statement of Recommend8d Pr¥tKe: Accounting and Reporting by Charities (revised 20151 have not been meet-, or (21 to which. in my opinion, attention should be drawn in order lo en8e ? proper understanding of the accounts to k reached. Stephen D S Baker AC Westlands Accounta Chartered Accountants Mcmillan House 6 Wolfre1 Drive Anlaby HU10 7BY Dale MAAT 11
SWINEMOOR CHRISTIAN TRUST srATEMENT OF FINANaAL AcfiviTIES FOR THE YEAR ENDED 31 DECEMBER 2023 2023 General Restricted Tal Funds Fund5 Funds 2022 Total Funds Notes Income from Income from Charitable activities Interest 28,408 249 28.408 249 23.588 29 28.657 28.657 23,617 Espendlture on: charitable expenses 19,626 19.626 19.503 Fundraisin8 Finance costs 10,000 Other 1.762 1.762 21,388 21,388 31.307 Net incomelExpenditure 7.269 7,269 -7,690 Funds brought forward 91.445 91.445 99.135 Funds carried forward 98.714
SWINEMOOR CHRisnAN TRU BALANCE SHE FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Notes FIXED ASSETS Leasehold a55ets 50.266 50,818 50,266 50,818 CURRENT ASSETS Debtors Cash at bank and in hand 330 48,785 41,034 49,115 41,034 CREDITORS Amounts falllng due within one year 9 667 407 NET CURRENT ASSErs 40,627 TOTAL ASSEf5 LESS CURRENT LIABILITIES NET ASSEts 98.714 98,714 91,445 FUNDS General restricted funds TOTAL FUNDS io 98,714 91,445 The company is entitled to exemption from audit under section 477 of the Companies Act 2006 for the year ended 31 December 2023 The directors have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with section 476 of the Companies Act 2006. The directors acknowledge their re5ponsibilites for- iai ensuring tnat the company Keeps accounting recoras Which comply with Sections Jub Ènd JOI Ot the Companies Act 2006 and Ibl preparing financial statements which give a true and fair view of the stste of affairs of the company as at the end of each finantial year and of its surplus or deficit for each financial year in accordance wlth the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relatlng to financial statements. so far a5 applicable to the company. The financial Statements have been prepared in accordance with the provi5iortrs applicable to companies subject to the small companies regime. Approved by the Trustees Signature J T Beevors Date l*/1 ¥ The notes on pages 8 to 10 form part of these accounts
SWINEMOOR CHRISTIAN TRUS[ NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 I ACCOUNTING POUCIES Basis of preparing the financial ststements These financial statements have been prepared in accordance with the Financial Reporting Standard 102, The Financial Reporting Standard applicable in the UK and Republie of Irelènd. including prowsions of Section IA"Small Entities. and the Companies Act 21J)6. The financial ststernents have been prepared under the historical cost convention. Turnover Turnover is measured at the fair value of the consideration recelved or receivable. excluding taxes. Tangible fixed assets. Tangible fixed assets are initially measured at tost and subsequently measured at cost or revaluation, net of depreciation and any impairment losses. Depreciation 15 provided at the following annual rates in order to wrrte off each asset over its estimated useful life. Leasehold 1% straight line 2 LEGAL STATUS OF THE CHARITY The charity is a company limited by guarantee and has no share capital. The liabilty of each director is limited to Elo. 3 EMPLOYEES The number of part time employees during the year was: 2023 2022 Support Analysis of stsff costs and trustee expenses 2023 2022 15,564 14,346 1,030 1.013 16.594 15,359 No employees had emoluments in ex55 of £60,(. The charity trustees were not paid or received any benefits in the year. Neither were they reimbursed expenses durlng the year. No charity trustee received payment for the professional or other services supplied to the charity. Salary and wages HMRC payments 4 GOVERNMENT GRANTS The charity received no Govemment grants duringthe year 12022 - £nil)
SWINEMOOR CHRisllAN TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Icontlnued) 5 OPERATING SURPLUS The operating surplus is stated after charging '. 2023 2022 Depreciation- owned assets 552 552 6 TANGIBLE FIXED ASSErs Lease COST At 1st January 2023 and 31st Deiember 2023 SS,2iJ) DEPREaATION At 1st January 2023 Charge for year At 3tst December 2023 4,382 552 4,934 Nsf 800K VALUE At 31st Dernber 2023 $0,266 At 31st December 2022 50,818 7 PAYMENT TO TRusfEES No payments were made to Trustees in the year.12022- £nil) 8 DEBTORS 2023 2022 Recycled goods 330 9 CASH AT BANK 2023 2022 Barclays Community Account Barclays Business Premium Account Kingdom Bank Barclays cheque Cash in hand 10,585 26.425 4.024 4,069 43,086 1,630
SWINEMOOR CHRISTIAN TRUST 140TES TO THE FINANaAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Icontinuedl 10 CREDITORS amounts falling due within one year: PAYE Bookkeeping Water Independent Examiner 257 257 60 150 667 150 407 11 ANALYSIS IN MOVEMENT IN FUNDS Blfwd Incoming Outgolng Clfwd 91,445 28,657 21,388 98,714 General Restricted 98,714 Gener31 fund To be used at the discretion of the trustees in order to ontlnue to deliver its ovÈrall Chartties Objectives. io
SWINEMOOR CHRISTIAN TRUST DETAILED STATEMENT OF INCOME AND EXPENDITURE FOR ThE YEAR ENDED 31 DEMBER 2023 2023 2022 TURNOVER Shop Takings Recycled goods Grants Interest 27,011 1,397 21.702 1,886 249 29 28.657 23.617 EXPENDITURE Premlses costs Garage Rent Electrlc Water ERYC Rates Ground rent Repairs 572 1,200 222 143 546 179 218 io 351 395 2.532 2,144 Finance ¢05ts Repay loan 10,000 Administrative cost5 Wages & HMRC A£countant/bookkeeping KCOM Telephone Waste Gifts and donations Insuran¢e Depreciation Sundries Companles House 16.594 350 182 318 15,359 350 195 284 1,750 295 552 215 163 250 264 552 333 13 18,856 19,163 Total expendlture 21.388 31.307 Net incomelexpendlture 7.269 -7.690 This page does not form part of the ststutory finantlal statements li