ANNUAL REPORT AND FINANCIAL STATEMENTS FOII THE YEAR ENDED 31ST MARCH 2023 SKYLARK CHURCH (A company limited by guarantee) CHARITY REGISTRATION NUMBER 1109961 COMPANY REGISTIIATION NUM.BER.. 05442866
SKYLARIC CHURCH CONTEf4rrs Page 2 Reference and Administrative Jnformalion Page 3 Indepeiident ExainineT's Ilepoi't Pages 4 to 7 Dii'ector's Repoit Page 8 Statement of Financial Activities Page 9 Balance Sheet Page.s 10 to 19 Notes lo tlie Financial Statements Page I
SKYLARK CHURCH REFERENCE AND ADMINISTRATIVE DET AILS WORICING NAME Skylark Clivrch CHARITY REGISTRATION NUMBER 11(Y)961 COMPANY NUMBER 05442866 START OF FINANCIAL YCAR 1st April 2022 END OF FINANCIAL YEAR 31st March 2023 so7 Ciayston Peter Sims Nicnla Siins Cliarles Kemp Weiidy Ward Waytie Bishop Tlie existittg directors appoint aiiy iiew directnrs, lollowiiig the provisions laid out in the Artides of AssociatiOLi. LECAL STATUS Coinpany Limited by GuaraThtee GOVERNING INSTRUMENT Re81slered ag a Cnmpany on 4th May 25 and as 3 cliarity on Iotli lune 2005. OBJEcrs The advantr of the Christi7 faitli in Esgex and other paTts ol the United Kingdom or the Woyld as the Director8 rnay froni time to time think fit and other sueh purpose5 wliicli ai"e exclusively chavitable according to tlie law in En8land and Wales aiid aro canneeted with the tharitable woi'k of tlie Cliarily. Unil 4 Hanbury Way ClielM5foi'd Essex REGISTERED AND MAIN ADDRESS CM13AE BANKERS 99 Higl) Street Chelmsford CMI IEQ INDLPENDENT EXAMINERS Fisliei. mic1e1 Tlio Old Grange l.ordship IIoc2d Writtle Clielinsfard Essex. CMI 3WT LENDERS Kiiisduin 13ank Ruddin8toJ) Fields Business Park Mere Way Ruddinslon Nottingl)ain, NGII 6IS Page 2
SI(YLARK CHURCH INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31ST MARCH 2023 l i'eport on Ilie accounts of the coinpany for the yeai. ertded 31 March 2023, which are sei out on pages 8 to J9. Respective re5POn5ibilities of trustees and examiner The trustees (who are also the directors ol the cornpany foi" the purposes of compaiiy lawl aiE responsible for the prtpai?tion of the accounts. ThÈ truslees consider that an audit Is not iequii'ed fnr thi5 period under seclioti 144121 of the Charities Acl 2011 (the 2011 Acll ai)d that an indepLJndeiit exami]tIn71 is needed. Ilie ¢hariW5 gross incon)e exceeded £250,000 and I ain qualifipd to U11derlake Ihe examiiialion by being a qualified member of Ilie In81ilule ol Chartered Accoui)tai)ts iti England and Walc% IICAr.wi Haviiig satislied myself that the clicirily 1£ nnl %iibjecl to audit undercompany law and is eligible for indepeiident examination, it is my resy)nsibilily lo.. - to follnw tlie i?rocedures laid down iti the general directioiis given to me by the Lharity Commission under section 14515llbl ol the 2011 Act,. and to state wlietl)er particular mAttei8 have come to niy attention Basis of tndepondent examiner's i'eport My exaininahtrii was carried oul ii) ae.coi'dance with the gen31 directions given b). tlie Lhai'ily c.ommission. An exatniiiatio Includ a review of Elie aceou2itiii8 records kept by the charity and a coinparison of the account8 PJEseiiled with 11105e records. t also includes eonsideralion of any utiusual itel1 or disclosures ij) the ateoutits, and seckiiig explai)alions fioji) y(iu as trusttes conceri)ing aiiy such matleTS.'I'lie pro¢eduiES uiidertaken do i)ot pi"ovide all tlie tllidcnce Il?at would be requiiEd in an audit and consequently iin opiiiion is giveii as lo whetlier the accounts present a'true and fair view and the iEport iq limited to those n)atters sol OLtt in the.statement below. lrtdepejident exaniirlefs Statements Ji) CO1ection witli niy exan)iithtioti, no ntter has c()me to my aMenl¢on." 01 which give5 me reasoiiable c.ause to believe Il)al in aiiy material respect the requirements.. to koep accounhn8 record5 in accord•i)ce with sectiui) 386 of tlie Conipaiiies Act 2006,. and lo prepare aceouiils wl)ich actOTd with the &ecountin8 retords. r.oniply witli Ilie accouiitinbF requirement8 OF section 396 of tl)e Conipanie5 Acl 2006 aiid %vith the inethod8 and PTinciples of the Stalejiient of Recoinmei)ded Practice.. Actoutihng and Reporting by Charities,. and - Ihat the arcoun15 have Jiol been prepared iii accordance witli tl)o Charities SORF IFRS 1021 have iiot be) met.. or 121 lo which, in Jiiy opinion, attion should be drawn in ol'der t(> enable a proper Underst)ilding of tlic atcouiits to be roarlied. Andrea Xalcy Chartered Accounlaiit loi. and oJTr LElialf of Fisher Michael Tlie Old Grangt Warrtn Estate Wi'itil Cheliiisford Ssex, CMI 3wr Page 3
SKYLARK CHURCH DIREcfoRS REPORT FOR THE YEAR ENDED 31ST MARCH 2023 The Bu31"d ol Trustees, who are alsu directnrs ol Ilie Cornpany lor the. puryose of the Companies Art 2ffl6, present their al)Ual report ajid fiiiaiicial statements af the Chartty for tlio year ended 31 March 2023. The financial statements comply with tl)e Charitie5 Aci 2CIII, tl)e Cornpanios Act 20ffi, the MÉrnorandum and Articles ol Assotiatioii, and Accouiitiiis and l<eportlll8 by Chaiities.. StateTnent Reeonunended Practice applicable lo charitiés prÈpariiig tlieir accounts iii accordance with the Financial Rtportingstaiidard Eor Snialler Entitie5 IFRS 1021 lelfeclive I laiiuary 20151. 5tructuro, Govtrnance and Matiagenient 'I'he Memol'aiidum aiid Articles OR Assnciation administered by a 14oard ot Directors 8ovei'n t1 LeiiknE. During the year these DirectQTS were.. John Graystoii Charles Kemp Peter Sims Nicola 5iTns Weiidy Ward Wayi)e. ljishap Other Officers of the Centre arc.. 5e.cre.tary'. Lesley Kenip AdLI)ixiislralor.' N20mi Rag8ell Treasurer.. Marcus Ward The Charity 15 a l ublic Beiieftt ltity Orgaiiisational stTUCture and appoititJnÈnt of trustees Newly ai)poinlo.d dircctorg are provided 141iih an inforrn31 itiduction to the charity #Lid mentorin8 by established directors. The company endÈavours to maintain a balance of Skills and oxpertise when 5Éeking iiew or replaMent directors. New direct015 uiider8D ali iiiductitsn i)rocess wliich involves tneetins with directors and seiiioi. trugt staff and are provided witli ali ittforiiiatioii pack detailins thoir responsibilitie5, sovÉrnatice, financial aiid other iiiforn)atlOJl IElalins to the &lructuip and opei'ation of tlie cottipaiiy. All directOTS are llivited to atteiid a nge of training events relating to botli governance isues aJ)d specific 31È4iS of the charity's work. The Board is Coltituted with a nuniber of diiectoi's to bl'ing a blend ol different oxperience <ind eapaeities to makt good judgement and contributinns. New directors niay bp. recruited Iroiii leadtis witliin the cliurch, key personnel of Skylai'k liileriiatioiial, Jiienibers of olhei"s cl)uirhes in the l(Jeality or Chi'isti£ins iii tlie local business coniiiiunity. Following proposal by oiie of the eKlSting direr.loi%, iiew directors are £lPPthlllted ter review by the whDlÈ boai'd, and are 5ubiÉtl to induction traiiiiiig ai)d coi)tinuous invtslve.ment in viowiiig tlie actLVjtie5 01 the cliaiity and understanding ol its objeclives. The director.% present the attaehed linaiicial statcments for the yÈai' ended 31st Mairh 2023. Activities, Aoliiovements and Perfurmance When iFviewing tl)e t)ims and obitctives of the centre aiid wlien planning fului'e activities, we have refe.rred to the 8iiid¢lncc tontained iii the C_'haiity colniSSiOn,5 sreiiei'al guidance un publit bejiefit, The aiins of the Cenht are to 41dvclllCQ the CIui8tian faith, 10 furtl)ei' c1iStIan edutatiorn to relieve persons in need and to pi'ovidc ffatilities for tlie ¢ommunEty. After the downtuin following t1, Covid-"19 Fiatideiiiic, tl)e cliureh lias L'eturned In it's PlEViOUS ItvÉls in torins ol attendance and face-to-face operatioiis ajid aclivily. We liave tontinued on with a hybrid iiiodel ol Churd) wliicli ha5 Ptoved very successful and iiow incorporate8 live woiship. Between 30 and 80 people watch live oiiline during an avth'a8eSunday service, as well as tlie ability lo ensase online alter tlie.sÈ1ice has endod. Towards advaiiciiig the Christiaii faith, tlie Churcli continves its regular Sunday services tliat are a]so acetssible via Live Sireatii and altei. the qervitr has ended. We wero rible to run an Easter Servi and niuliiple Cltristntss celp.bialiDii services. all live 5treaTned, wEiich were well atteiided and iEceived by iEgular chuirh Jmein1.s and visitois alike. Pase 4
SKYLARK CHURCH DIREcfoRS REPORT {continued) FOR THE YEAR ENDED 31ST MARCH 2023 Activities. Achievements and Performattce {contxnued) We continue to eiiga8e in overseas mission, drawin8 on the resources cind experience of several eonb4'esational rnembers and partner organisations. We coiilinue to support the over%eas mission of C.hei'ish Ugaiida aiid Outstretched Hands, Romania. as well as 8upportin8 UK based o¥ganisations English foT Women, Kint£ugi Hope, CHFSS, Cal'e foi. the Family and Lishthouse Charity. TowaTds furthei'ing Christian education, Life Ci'oups remain the principle mid-weelc meetings for Church and have returned to mcetins physically again however a select few have chosen to o£fei' onlÈne engagement as well a.% in person to facilitate older people or families with young children. These provide a smaller forum with emphasis on detaile.d study ba£ed on the previous week'5 sernion and eiiablc the consryegation to grow togethei. in their education. The byroups are flexible iii style cind content, to cater for a wide raiige of needs and we euyrently have 17 groups across the life of the Church. Within this fyaniewoLk, one gi'oup, DNA, exists for the benefit of iiew members, to give them an overview OE the vai'ious events aiid miiiistries happening within the cliurch ajid also to find out oui. corc vision and Viiliies. We have coiittnued to see ihe nunibers Bttcnding chuich retui'nins to pre-P<iiideinic levels and new people continue to seek out church after ei)8a8iiig ili sei'vice online OL Via sucial media. The 8eiiior gaia'ation have returiied lo their twice iiionthly in person meeting, proiiiding a time of WOL'ship and fellowship with one another foi. between 10 and 20 rnembers. OUL. deaf consregatiun contiiiue to meet in- pei'son agaiii and have roushty 20 attendees. Monthly BSL interpreted services al'e pi'ovided, and our Christmas and Easter service5 have online BSL inteipretation. Skylark Kids coLitiiiues to facilitilto lad.s work iii line with Sunday services witli arouiid 60 kids each Suiiday. T.ittle Ones toddler gi'oup is growllig on a Thtu'sday moi'ning, with inore than 70 yoiins cluldren and paretits/caiEIB attending. Thei'o reinains Dvei. 2tX) chiidi'en on oui. i'e8lSter at present. Skylark Youth liave expanded Ilieir Tuesday eveiling sessions so as to be more accossible foT tl)ose young people wlio don't coine to Church, pi'oviding a vital link fni. youtli within tlie Cliurcli as well as fi'om our wider Incal commuiuty. llie Youiig Adults gi'oup continues to ect montlily witli between 10 and 15 membei's uridertaking events oi. being hosted in liomes by cliui'ch meinbers. Tlie churcli is curi'eiitly njnning an Alplia course witli 11 atteiidees, providing ali introductoiy exposui'c to tlie Clu'istian faith, witli guests enjoying a liot imeal and time to discuss witli one another aiid the 6FI'oup facilitators. Foi. those who ai'e financial need, the church gives gi£ts to members and others locally on an ad-hoc basis ill i'espoiise to known ciiruinstances. Meals al'e also delivei'ed to people wlio have had new babies, Inoved house, aTe unwell to ineiil'al or physical sickness or ju8t having a difficult tiikne. Food box provisioii lias i'iseii with the refei'ral of new families frotn local schools, wliilsl we continue to provide pre-paid 8uperinai.ket cai'ds otE aj) ad-hoc basis aiid to suppoi't familie5 in extre.me need ovei. the Clii'islina5 pei'iod. The chiii'ch's pastoial aiid counselliiig services have been able to coiitinue, mainly witli face-to-face appoiiitimenls but some clients continue to choose to access couns£.IlinsF online. We wei'e <il.qo able to continue i'uniiing online niari'iage cour8es to help people iiivest into tlTreii- mai'ital liealtli, as well as a hybi'id bei'eavemeiit coui'.8e to lielp those sti'uggliiig with grief. Demilnd for our flourish self-esleem coui'se coiitinues to grow a11d now lias '0UP$ in 6 secoiidaiy scliools. We have also becuine a Restured 'Beacon" Cliurcli to suppoi't tliose wlio ¢ll'e victim to dumestÉc violeiice, having i'un restoi'ed 81'OUPb itTr Open Road Di'ug aiid Alcoliol sei'vices and the Chelmsford Wome1 Ilefuge, Safer Places, ab well as a '()uP liere at Skylark Churcli accessible by anyone. Eacli group Iiad arovnd (?-8 attendees. Page 5
SKYLARI< CHURCH DIRECTORS REPORT (continued) FOR THE YEAR ENDED 31ST MARCH 2023 Activities, Achievements and Performance Icontinuedl This yecir we have continued our work aloiigside Tesco to regularly distribute food to those in need, including somo Yefugee families, Safer Places WoLnen's Refuge and to Cliess, a Chelmsford local homeless charity, aloi)g WLth our food parcels and vouchers. We still maintain our support of Lighthouse Centre, an independent charity iespondiiig to need in the ayea of crisis pregnancy and loss. The church is in healthy relationship with Skylark International, (formerly CGI), a growing organisation currently overseeins a numbei. of cliurche.s ili the UK and overseas as well as other Chi'istian ministries. The church draws support, cncouragement, ii)spircltion froni Skylai'k Iiiternational and is pleased to give a minitmum of IO% of its offering to it to help facilitate the work of our wider inovement. 'Ihe church remains dependent on volunteers for a great Dumber of its activilies It is impossible to gauge the financial benefits of tsuch acts of scrvice, but the spirilual ietuins are expnnentially greater. With()ut tl)e voluiiteeis the cliurch would not be able to fuiiction Ilt it's curi'ent level of ouli)ut and tlie directoi's wish to take tiIis OPPOTtuiiity to expi'e*% their heic I'tfelt Ilianks to all who have given freely of their time, taleiits, resources aiid eiiergy, and foi those who have stepped uTrl'o new challenges and voluntoering roles Eollowing the pandemic, at a lime wheii many cliui'clTre5 and chatities have been strus8lins for volunteers. Futhre flans Since taking OWLiei'ship of the buildllig ILI Haiibury Road we have assessed the suitability of the building for our future requireineiits and a nLLmbei' of improvements to the buildi11g. Further improvemeiits may take place dei?endin8 on funding. We will continue to develop our relationships with partnei. schools and organisations throughout our eRty and wider community. As our kids work expaiids we are lookins to coiivert lother loo withiii the chui'ch foi. use on a £unday. l-l youth mentoring will soon be staiting. We plan oil stai'ting a resular couiity wide Youth event to be accessible to young people throOut Essex. The developinent of a media suite is plaimied to incredse the volume and standai'd of video i'ecording to allow better eiTrga8emeiit through ontine activities one-off and reglllai provision. Major Risks and Controls Tlie inajor i'isk is in i'espect of tlie value and volatility of income, as tlie charity 18 dependant on voluntary giving. This 15 paitly inatiaged through ca£li flr)w monitorins and altering the tiining of expetiditui'e to reflect tliat oli tlie inctsme. Financial Review The Ceiikn'e's funds al'e applied to support Chi'istian Mtssinn tlu'ough local teacliiiig and worshipi Christtan mis%ionary woik in tlie UK and abroad. In the yeai ended 31st Mch 2023 majoi. expenses were applled as follows.. In suppoi't of full and part time staff £285,538 By way of a tithe to Skylark Jntei'national £37,20n Mainleiiaiice of premises foT worbliip and teacliiiig locally, including moi'tsage interest of £27,401 In support of Chi'i5lian Ministj'y woi.kei's in tlie UK and abroad £18,6(K) DuTing the yeic r thei'e was a small sui'plus of £5,632. Accoiintllig practices reinained unchanged Eoi. tlie financial yeai.. Tlie i'esei'ves p()licy is stated lli note 15 to the fiiiaiicial statements. Sundry restricted fundb W.e contiiiued dw'ins tlie past Eiiiancial year foi. tlie pui'poses of raising funds foi. specified individuals and cii'cunistantt£, as detailed in tlie notes to the financial slateinents. Pagc 6
SKYLARK CHURCH DIRECTORS REPORT {continued} FOR THE YEAR ENDED 31ST MARCH 2023 Statement 0£ Directors, Re5pon8ibilitie5 -rhe tru%tees { who are also directors of Skylarl< Church for the. purposes of company law) are re%poiisible far the overall rnanagemei)t of tlie Charity. ensuring compliance with the Charity's objects and relevant legslatIon and alsa to define and agree the strategic aiins and objectives of the Charity. The trustees are ie5poiisible for pieparing the Annual Report and Financial Stateinents in accordaiice with applicable law and United l<iii8doin Cenei'ally Accepted Accounting Practice. Company law i'equii'es ihe trustees tn prepai'o h'nancial Statements for eacli financial year, which sive a h'ue and fair view of the charitable Company's financial activities during the year aiid its financial position at the end of the year. In prepai'ing Iliose finaneial stateinents. the trustees al'e requiied to.. £elect.8uxtable accountin8 policies and apply them coiisistently,. Observe the methods aiid princii)les in the Charitie8 SORI, 2U15 Make jiidgemeiits and accouiitiiig estiinates that are reasonable aiTrd prndent. Piepare the financial statements on the going concern basis unless it is inappi'opriate to presume tlTrat the charitable COLnpany will continue to opei'ate The trustees confirni that they have cornplied with the above LEquirements in preparing the financial statements. The trustees are i'esponsible for ensuring that proper accounting recoi'ds are kept wliich disclose with reasonable accuracy at any time tlie fiiiancial pusilion of the eharit¢?ble Company and enable thein to ensure that tlie financial staternents comply witli tlie Conipanies Act 2006. They are als() responsible Eor safegu.dIng Ihe assets of the Charity and hence f()i' takin8 I'easonable steps for the pi'eventIOll (ind detection nf fi'aud and othei. ii'regularities. Statenienl as to Disclosure of Infoiination to Independent Exaniiners So far as tlie Directoi'% al'e. aware, tliei'e is no relevant audit information {as defined by section 418 of tlie Compaiiies Act 20061 of which the cliarities independeiit exainiiieT'S al'e uiiaware, and each dii'ectoT lias taken all the steps they ougl)t to liave taken as director in ol.der to make theniselves wal'e of any i'elevant examination infoi'mation and to establish that the charity's independent examiiiei's al'e awaj'e of iliat iicoimation. Approval of Annual Report TlTris repoi't has been pi'epared in accordance with the special provisioiis of Part 15 of the Coinpanies Act 2006 relating to sinall companies. Approved by tlie Boai'd of Dii'ect()i's oil . 1211212023 Petei. Sims Signed on behalf of the Board of Directors
SKYLARIC CHURCH (Company number 5442866) STATEMENT OF FINANCIAL ACTIVITIES (tncorporatiiig an Income and Expenditure Account) FOR THE YEAR ENDED 31ST MARCH 2023 Total to 31 Total to 31 March Marcli 2023 2022 Unrestricted Restricted Fuiids Funds INCOMr. NotÈs Inco]ng resources from gtnerated funds Donalion5 afLcI legacies Other trading activities Jnvestmeiit incorne 471,898 31,C)10 244 28,096 499,994 31,610 447 432,921 21,674 li 2b 2¢ 203 TOTAL INCOMING RESOUIICES 503.752 28,300 532,052 454,606 EXPENDITURE Cost of 8eneralitLS lurtas Chayitable activitie8 Goveriiance costs 473.215 8A09 44,545 250 517,760 8.659 441,722 8.(J93 3b TOTAL ROuRCEs EXFENDED 481,625 44,795 526,420 450,415 NFr iourGOINCI IINCOMING RESOURCES BEFORE TRANSFERS 22,127 116,4951 5fj32 4,190 Ti'ansfei's between funds (5,676) 5,676 NEf IOUTGOJNGI INCOMING RESOURCES FOR YEAR 16,451 110,8191 4,190 RECONCILIAI'ION OF FUNDS Total lund5 brouglit foyward 365,798 72,310 438,108 433,918 TOTAL fuNI)S CARRIED FORWARD 382,250 61,491 443,740 4.18,108 The notes on p3ges 11 to 19 forin part ol these Fiiiancixl Statements Pase 8
SKYLARK CHURCH (Company nuniber 54428661 BALANCE SHEET AS AT 31ST MARCH 2023 Unrestricted Rtricted Funds Total 31 Mairh 2023 Total 31 March 2fl22 Notes FIXED ASSErs Tan8Éble AssL'tS 294,123 490,001 784,124 803,690 CURRENT ASSFrs Debtors Cash at bank and in hand TOTAL CULIRENT ASSETS IOA70 83,022 93,492 10,470 124,-371 134.840 7,273 113,442 120,715 io 41,349 41,349 LIABILITIES Credit()l'5'. ainounts falling due wit] one year li 18*22 1,531 20,351 19,443 NIT CURRENT ASSET5 74,669 39,818 114,487 101,272 TOTAL Assfts CURRETrU LIABILfrIES 368,793 529,819 898,611 904,963 Creditots: amounts falling due aEtor one year Creditors.. atnounts falling due alter five years 12 12 53,984 400.887 53,984 400,887 53,259 413,596 ASSETS 368.793 74,948 443,740 THE FUNDS OF THE CHARITY Unrestritted income lunds Re.8ti'icled incojne fund5 382,250 382,250 61.491 365.798 72.310 61,491 T()TAL CHARITY FUNDS 382,250 61,491 438,108 The cliai'itable company is entitled to exanption from audit und. section 477 of tlie Companies Act 2006 for tlie year ended 31st March 2023. The members have not i'equirpd the tliaritable company to obtain an ciudit for its financial $tateinents for the financial yeclr ended.31st Mai'eh 2023 in aCcordaie with section 476 of the Carnpanies Aet 2006 The trustees acknowltdse Ilieir responsibilities for.. lal ensuring tliat the coinpany keeps accounting records which comply with secliol 386 and 387 of the Companies Act (bl prep£irins financial 5tatpn)ents wFuch give a true and fair view of tlie Stttr ol affairs of tlie company as at tlie end of e<lch finarttliil yeai. and il.E suiplus of deficit foi. eir ch financial year in accordanco with the requiieinents of sections 394 and 395 and wliicli otl)evwise comply with the ifqUiTemenls of the CoTnpanies Act 2006 I'elaling lo financial stateineiits, so far as applicable to tl)e Coinpany These fiiiancial .Etateinents have beei) prepai'ed in aec()J'dAnce witli the special provisi0115 of P&i't 15 of the Compaiiies Act 2006 ielattl)8 lo small charitable conipaiiiL%. Approved by the Board of Directors on . 1211212023 Peter Siiiis Sigiied on belialf o( tlie Board of DI£t01 Tlie notes on pases 10 to 19 foi'ni part of these financial stateinent5 Pa9
SICYLARI< CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 I. ACCOUNTING POLICIES Accounting Convention The financial statements liave been prepared in accoi'dance with Accounting and Reporting by Charities.. Siatement of Recominended Practice applicable to cltsrities preparin8 their accounts in accordance with the provisions of Section IA "Small Entities" of Financial Repoj'ting Standard 102,"The Financial Reporting Standard applicable in the UK aiid Republic of Ireland" and the Companies Act 2006. Assets and liabilities are initially recognised at historical cost or transaction value unless otlierwise stated in the i'elevant accounting policy note. Fuiid Ae¢ountxng Unresh'icted lund5 are available for use at the discretion of the trustees in the furtherance of the general activitie5 of the charity. Restricted funds are subject to Iestrictioiis placed oli their expeiiditure impose.d by the donoT. Thei'e are no designated funds that the directors have earmarked for specific purposes. II)COmLng resoui'ces are Jncluded In the btatemeiit ot trinaneiaL Activitie5 IbUTr Al when tlie chai'ity beconies entitled to the resources, the directors are virtually certain they will receive the resource% and the monetary value can be measured with sufficient reliability. Where incoming resource5 hii ve related expenditure { as with tundraisitig or contract income), the incomins resource and related expenditure are repoi'ted bllOSS in the SOFA. Grants and donations are only iiicluded in the SOFA when the charity has unconditional entitlernent to the resoiiTCe. Iiicoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate. itts Jn kind are accounted toi. at a reasonable estimate ot their value to tiie chanty or amouiit actually realised. Gifts iii kind for sale or distributioii are included in the accounts as gifts only when sold or disti'ibuted by tlie charity. Gift8 li) kind for use by the charity are included in the SOFA as incomiiig resources when receivable. Donated services aiid facilities are included in incoming reqources { with an cquivalent amollnt lli resources expeiided), where tl)e nefit to the chai'ity És reasonably quantifiable, nieasui-able <ind niatei'ial. The value placed on tliese resources is the eslinTrated value to the charity of the sei'vice or faeility received. The value of voluiiteer help received is not included in the Fii)ancial Statements, but is described in the director'5 report. Investment Iticorne is included in the Fiiiancial Statements when receivable. Resourees Expended and Creditors Liabilitie& are recognised wheii incui'red or a commitinent is made. Governance costs include costs of the prepai'ation and examini£ tiott OE statutory financial statements, the costs of directoi s ineetiings and legal advice to directors on govei'nance or coi)stitulional inatters. Wliei'e the chai'ity has given a grant with conditions for its payinent being a specific level of sel.v1 or output to be provided, sucli 'allts al'e only recugnised iii die SOFA once the recipient of the gr£int lias provided the &peeified sei'vice or output.
SKYLARK CHURCH NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023 I. ACCOUNTING POLICIES (Continued) Resources Expended and Creditors (Ctsnt.) Grants made or recoived without performance coiiditions al'e on]y recognised in the .£OFA, when a commitmetit has been made and there are no conditions to be met relating to a grant which rcmain in the control of the tharity. 5upporl' costs includin8 central function8 have been allocated to activity cost categories on a lS1S con%istent with the use of resources. Value Added Tax The Chai'ity's activities iE re classified as exempt for the purposes of V<llue added lax and the Charity is unable lo i'eelaiin the value added tax which it sufEei% oil its expenses. ExpeLiditure in these fin<incial statenieiitrs is therefni'e showii inclusive of value added tax. Tangible Fixed Assets Tangible fixed assets for use by the charity are capitaliscd if they can be used for more than one yeai and cost at least £sao. They are valued at cost or if gifted al. the value to the charity uii receipt. Depreciation is calculated at a rate to wi'ite off the c05t of the tangible fixed asset on a straisht line basi8 over their estimated useful life. The rates applied pei. annum are as follows= Fixed Asset Class Depreciation Rate Fi'eehold Laiid FTeehold Buildiiigs Fix¢Lll"es, Fitlings and Equipment l.ea.seliold buildiiig improveinents Motor Veliicles o°k 2.)% 33% 33% 25% There has been iio c11geS to the aecounting policies ( valuation wles and inethods of accounting) since last yeai.. Tl)e le8al, bankin8, valuation and otlier expenses related to the pui'cliase are expeiised rather t]ian capitalised. Pension Selienie The charity contributes to a Skylai'k Intei'national sroup scheme with Royal London at rates set by the sclieine actuary }d advised to the boai'd by the sclieme administiatoi.. The 5cheine is a inulii einployer charity £cheme and advice to tlie board i5 by tlie scheme acluai'y. In accoi'd£ll)ce with FRS17 tlie scheine 15 accounted for as a defined contribution scheme. Oyerat117g Leases llenlals payable under opei'ating lease agreeinonts ale eliai'ged as expenditu on a straight line basis ovei. tlie term of tlie lease. Debtors Slioi't terin debtoi's are measured at the transaction piice, less any impairment. Fiiiancial Instruments T]ie coinp<llly OLily entei'f into basic Einaiicial i115truinent ti'aiisactioiis that result in the i'ecognilion OE financial assets and liabilities like otlier debtors, ci'e£litor.8. loans froin banks. Pago 11
SKYLARIC CHURCH NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023 2. INCOME Unrestricted Restricted Total to 3J Funds Funds March 2023 Total to 31 March 2022 al Donations and Legacies Jeneral and Weekly Offerings Donations aiid CAF Vouchers Tax Recovered Vision Offerings 347,483 26,728 84,983 12,703 471,898 12,932 15,164 360,415 41,893 84,983 12,703 499,994 313,038 23,890 69,969 26,023 432,921 28,096 bl Other Tradiiig Activities Fees Received Sales Rental Income 18,772 12,394 445 31,610 18,772 12,394 445 31,610 16.827 4,262 585 21,674 £1 Investment Income B<ink Interest 244 244 203 203 447 447 li li dl Other Iiicome None 503,752 28,300 532,052 454.606 Page 12
SKYLARK CHURCH NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023 3. EXPENDrruRE Unrestricted Restrieted Funds Funds Total to March 2023 Total to March 2022 Note al Costs of Charitable Acttvities Salaries National Insurance and Pensions Trilining and Education Mission and £uppoi* CJl'ants'. Building Mortgdse iiiterest Building Repairs and M<iintenance Cleaning Security and Safely Water, Heat and Light Bank Charges Books. CD'S and DVF)s Computer aiid Iiiternel Depreciation '"ntertainment and CaterEng Equipnient aiid Mic terials Food and Accommodation HÉre of Facilities Insurances Otttside Suppoyt Services Pastoi'al Gifts and ExpeleS Postage and Courier Printing and Stationery Outside Speakers Telephone and Fax 'I'ravel Costs. Veliicle Runnins Costs Event Refutids Bank Ch<irge Refund 5) 285,538 2,129 55.650 27,401 2,924 5,982 1,132 17,158 481 342 2,033 5,253 3,767 7,387 15,611 3,856 8,914 7,695 2.157 285,538 2,129 55,800 27,401 2,924 5,982 1,132 17,158 481 359 2.033 23,386 3,767 8,444 21,158 3,856 8.914 17,035 11,660 64 4,651 1,610 6.916 3,352 954 1,056 255,285 3,370 56,060 27,113 9,8Y3 4,508 2,106 12,364 475 559 988 24,674 2,174 4,946 9,395 300 8,430 12,497 11,512 3c) 17 18,133 1,057 5,548 9,340 9,503 4.120 1,450 6,916 3,246 954 1,056 531 160 2,774 650 10,826 31 603 107 19,811 44l,722 473,215 44,545 517,760 bl Governance Costs Subsci'iptiuns and Liceiises Independcnt Examination fees- current year 5,876 2,533 250 6,126 2.533 6,493 2,200 8.409 2.50 8,659 8,693 481.625 44,795 526,420 450,415 Page 13
SKYLARK CHURCH NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023 3 cl Mission and Support Grants.. Uru'estricted Restricted Total tts 31 Total to 31 Funds Funds March 2LQ3 March 2022 Local and UK Organisations Skylark Tnternational Lighthouse Famtty Trust CHESS Care for the Farnily Kiiilsugi Hope Restored Churches Together in Chelmsford 37,2UO 1,200 1,21X) I,21) 3,0(K) 37,200 1,200 1,200 1,200 3,000 150 250 37,2QO 1,200 1,200 1,200 3,{0 150 250 Overseas Mission Organisations Cherish a Child CRED Foundation 6.6tM) S,0(K) 6,600 s,0 6,760 5,000 55,650 150 55,800 The mission and support graiits aTe for the following purposes.. -The l'ithe to Skylark International is toward£ supportln8 the movement to which SC belongs. Lightliouse Family Trust is a pregnancy advice service operating in Chelmsford. CHESS is a charity providiiig shelter and support for the homeless. - Care for the Faniily's aim is lo promote sts'oiig family life and lo help t1705e who face family difficulties. Kintsugi Hope exists to Create safe and supportive spaces for tho.%e expeiiencing mental and emotional health cliallenses Cherish a Cliild supports AIDS orphans in Ugaiida. Churches Tosether in Clielmsfoi'd arrange8 joint events and provides a forum for churches and Christian organisations to work together iii Chelinsford. CRED Foiindation partner with organisations in Etliiopia, India aiid Usic nda lo transform individuals, cominunitie5 anLI the environment for tlie better. This gift was to a5%iSt Faitli iii Actioii Ministries in India Restui'ed is a charity which speaks up about violeiice against women and equips churches across the UK to respond to domesknc abuse aiid provide suppoi't foi. victims of abuse. Pago 14
SKYLARK CHURCH NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023 4. FUNDS OF THE CHARITY Opening Balaiice at I liicoming Api'il 2(b22 Resources Closing Balance at 31 March 2023 Resources Expejided Transfers Re51ricted Funds Commu11lty Fund l)a5toial r,und Fetchey Achievement Awaids 44,945 14567 2,338 15,900 12,400 115,294) U2,UOI) 12J241 43,228 14,966 2,338 Other 10,459 72,310 117,5001 144,795 8.000 5,676 959 61,491 28.300 Unrestsicted Fund 365,798 503,752 (481,6251 1526,4201 (5,676) 382,250 438,108 532.052 443,740 The Community fund covers woi.k that Skylai.k ClTrurcli perforins in and Eor the Community and includes assets transfei'red from ROC ChelinsEoi'd. The I'astoral fund liolds donations for pastoial caTe of individuals within the Church and lo support individuals in the communtty and lioines run by local charitie5. Tlie Petchey achievement awards scheme is to suppoi't Inonllily awards lo youth groups. The Other category contains iestricted funds for items related to buildings. 5. STAFF COSTS AND NUMBERS 31-Mar-23 31-Mar-22 Grr)ss Wage.% and Salaries Eiiiployer's National Insurance Emi)loyor's Pensioii Conh'ibution 247,277 13,538 24,723 285,538 The average nuinbei. of employees who were engaged in the yeai. is as follows.. 31-Mai'_23 221,188 12,Oi8 22,a39 255,285 31-Mar-22 ActiVLties iii fui'tlierance of oi'gaiiisation's objects Full tinie cquivalLlIt Tlie chai'ity opcriltes a PAYE heme to pay all einpluyed membets of staff. No individual etnployee received einoluments over £60,000. The chai'ity conti'ibutes to a Pension Fund with Royal Londoii Ipi'eviously branded as Scottisli LiEel. Coiitributioiis al'e inade by tlie employees at 4°k and tlie eniployei. at IO% for tliose employees 14 13 Page 15
SI(YLARK CHURCH NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023 6. TANGIBLE FIXED ASSETS Freehold Fixtui'es Land and Building Fittings and 15uildings Renovations Equipment Total Cost At 31si MarclTr 2022 Additioiis Disposals A8 at 31st March 2023 965,074 25.273 2,820 113,773 I,Ix)o 1,105,121 3,820 965,074 28,093 114,773 1,108,941 Depreciatioii As at 1st April 2022 Charge for the yeai. Llimination on disposals 171,142 17,500 23,506 844 105,781 5,042 301,431 23,386 As at 31st March 2023 188,642 24,351 110,823 324,817 Net Book Value At 1st April 2022 At 31st March 2023 793,932 1,767 3,742 7,992 803.690 784,124 77C),432 3,950 1kne fi'eehold land and buildings comprisc of tho cliapel on Chignal Road, Chelmsford and Unit 4 on Hanbury Road, Ciielmsford. The uiiit at Hanbury Road was purchased for £845,000 in June 2012. The directoi's liave allocated £145,000 to land <ind £700,000 to the buildi)Ig, with the building being depreciated. Both premisos arc used for the charity's activities and tlierefoi'e are included at C05t. As there are few similar propertÈes in the area the market value is difficult to calculate. As pai'l of the purchase of H1( nbury Road the chapcl was valued by tlie bank 5ecui'iiTrg the loan asainsl Lt and the directors believe thal tlie valuatioii is similar to the £120,000 which is incliidod in the above. The additions tliis year rel<lte to a replacLIMent office front door and the purchase of li8liting aiid video equipnient to suppoi't online broadcasting OE services. 7. COMMITMENfs UNDER OPERATING LEASES The Chai'ity had a rental and copy cliai'ses on a photocopier in the office for five Yea which started in 2017 aiid was due to expire in April 2022. A rcnowal of tlie photocopiei. Lental was agi'eed in October 2020 with tlie lease commciicing 2n Novejnber 2020. T]ie new lease is due to expire iii Novcmber 2025. The Charity alsu hic d a t'ental cliai'ge on a cloud teleplione.sy8ecni Eor five yeai's which was due to expii'e in April 2024. This was paid off early in July 2021 atid a new systeni purcha.sed outt'ight with a monthly Yental to covei. i'urffting Costs. 31-IMar-23 31-Mar-22 Obligation pey annum.. Witliiii Oiic Year Between one and five yeai's 87.3 2,327 873 3,200 3,200 4,073 Page 16
SKYLARK CHURCH NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023 8. TAXATION A5 a chai'ity, Skylark Church is exempt from tax on income and gains fallin8 Wlthin section 478 of the Corpoi'ation Tax Act 2a10 ICFA 201.01 to the extent that these are applied to its charitable objects. No tax charges have arisen in the Chclrity. 9, DEBTORS AND PRIPAYMF.NTS 31-Mar-23 31-Ma¥-22 Tax Recoverable Sundry Debtors and Prepayrneiits 8A66 2,on4 10,470 5,437 1,836 7,273 10. CASH AT BANK AND IN HAND 31-M81-23 31-Mar-22 CuiTent Account Dep051t Account Community Account Casli 17,1( 65,883 41,349 34 124,371 20.594 48,434 44,345 69 lJ.3,442 IJ. CREDITORS AMOUNTS FALLING DUE WITHIN ONE YEAR 31-Mar-23 31-Mar-22 Accruals Audit and Accountancy Credit Cards Moi'tgage payable within one yeai. 2,941 2,310 2,998 12,105 20,354 1,362 2,100 2,666 13,315 19,443 12. CREDITORS AMOUNTS FALLING DUE AFfER ONE YEAR 31-Mar-23 31-Mar-22 Mortgage repayable ovei. 30 years to Julie 2042 due as follows.. Between one anLI five years In inoi'e tliaii five yeai's 53,984 400,887 454,871 53,259 413,596 46C),855 The moi'tgage is a repayment loan and beai-s a intei'e5t of 6.75 'A at 315t March 23 There was a subsequent iiici'ease in interest rate to 7Yo as fi'om 12th May 23 Page 17
SI<YLARK CHURCH NOTES TO THE FINANCIAL STATEMENTS (eontinued) FOR THE YEAR ENDED 31ST MARCH 2023 13. RISK ASSESSMENT 'rhe diiectoi's actively review the majoi. ri5k% which the chai'ity faces on 2 resular basis and bolieve tl)at maintaining the free reservL% Stated, combined with tlie annu31 i'eview uf tlie conlrols ovei. key Einancial 5y5tems cai'i'ied out, will provide sufficient resources sn the event OF adverse condition8. The directors have also examined other opei'ational and busine55 risks whicl) they Eace and confirm tliat tliey have establislied systems to mitl8ate the sisnificant ri%k5. 14. RILATED PARI'IES The following amounts were paid to oi. on behalf of related parties.. Total to 31 Marcli 2023 Pension contributions Total to 31 Marth 2022 Related Party Salary Grant Other Peter & Nicola Sims Lesley Kemp Skylark Jnternational 70,490 5,724 7.049 572 493 78,032 6,296 37,200 73,709 5,940 37,200 37.2(K) 76,214 7,621 37,2 493 121,528 116,849 Subject ta certain conditions, the Memorattdum of asgociation permits directors who offer their services to the Chai'ity a5 a religious pastor, to be remune.ratÈd c)ut income or property nf the charity. the l£elated Party list above, Peter & Nicola Slin5 are Pastor.% & Tiuqtee8, Lesley Kemp 15 the wife of Charles Kemp who is a trustee. Skylarl< Internotional is a charity which supports a network of churcheg and MnIStries, organising joint events, leadei"s1iip conferences and trainin8. Its primai'y fundiEig coines from contribution£ made by the churches within the Skylark Internatior)al network. Skylark Chuirh is one of these churches. Petei. & Nicola %ims are al8n Leaders & Ti'ustee% of Skylai'k li)terJik)tinnal Two of tlie directors have ieceived payment fnr h'avel, subqisteiice and study expettses totslling £493 Iprior year £5591 i relatioii to services provided to the Company. Diiriiig tlie year the following amouiit8 were received from related parties: Total to March 2023 Total to M<irch 2022 Related Party Skylark liiternational- Payineiit for Admin Support 17,167 12,307 17,J67 12,307 Page 18
SKYLARK CHURCH NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023 15. RESERVES POLICY Tlie directors have considered tlie level (Jf reserves tl)ey wish to retaiii, appropi'iate to the charity's iieeds. The directors consider it <ippfop2'iate to retatn a level ol i'e5erves lield itt liquid assets equal to one week of ru1111ing costs. Ihig is ba4ed oji tlie charity's Size anLI tlie level of comihittnents held. The dii'ectors aiin to ensure tlie chai'ity wÉll be able to continue to fulfil theij. ch<iritable objectives even if tliere is a tempoyary shortfall in income. Tlie dil'ectors will endeavour to not 'sit' oli funds UnnessarIlY. Pase 19