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2022-03-31-accounts

ANNUAL REPORT AND STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2022

SILKLIFE CHURCH

CHARITY REGISTRATION No:1110560

SILKLIFE CHURCH

CONTENTS

Page 2

SILKLIFE CHURCH

LEGAL AND ADMINISTRATIVE INFORMATION

CHARITY NUMBER 1110560 START OF FINANCIAL PERIOD 1[st] April 2021 END OF FINANCIAL PERIOD 31[st] March 2022 TRUSTEES AT 31ST MARCH 2019 Cliff Bradbrook Alain Kyd Chrissie Thompson Matthew Godwin Katy Nyman David Atkinson

The existing Trustees appoint any new Trustees following the provisions laid out in the organisation’s governing instrument.

LEGAL STATUS Unincorporated Charity

GOVERNING INSTRUMENT Declaration of Trust Deed dated 28th June 2005

OBJECTIVES

  1. The advancement of the Christian religion in accordance with the statement of beliefs set out in the annex to this document particularly but not exclusively in Macclesfield (Hereinafter known as the “Area of Benefit”)

  2. The Relief of those in need in particular but not exclusively the elderly and those persons in condition of financial hardship in the area of benefit by the provision of grants, loans or any other such assistance given at the trustees’ absolute discretion

  3. To advance public education in particular that of children and adults in the area of benefit.

CORRESPONDENCE ADDRESS

CORRESPONDENCE ADDRESS Silklife Church The Silklife Centre George Street Macclesfield Cheshire SK11 6HS PRIMARY BANKERS Royal Bank of Scotland Macclesfield Chestergate Branch 56 Chestergate Macclesfield Cheshire SK11 6BA

INDEPENDENT EXAMINER

C J Allies FCCA 178 Buxton Road Hazel Grove Stockport SK7 6LY

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SILKLIFE CHURCH

INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS

Report to the trustees/members of Macclesfield Family Church on the accounts for the period ended 31[st] March 2022 set out on pages 6 to 10.

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiners statement

My examination was carried out in accordance with General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiners statement

In connection with my examination, no matter has come to my attention:

C J Allies FCCA 178 Buxton Road Hazel Grove Stockport SK7 6LY

Date:

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SILKLIFE CHURCH

TRUSTEES’ REPORT FOR THE PERIOD ENDED 31[st] MARCH 2022

Macclesfield Family Church has been meeting regularly in Macclesfield since April 2003 as a church plant of Burnage Family Church (N0. 1021798). With effect from 25[th] July 2005 it became registered as a charity in its own right with its own Trust Deed. In September 2009 it changed name from Macclesfield Family Church to Silklife Church.

Over the last year this is how we have endeavoured to fulfil our Trust Deed Objectives:

  1. The advancement of the Christian religion in accordance with the statement of beliefs set out in the annex to this document particularly but not exclusively in Macclesfield (Hereinafter known as the “Area of Benefit”)

  2. The Relief of those in need in particular but not exclusively the elderly and those persons in condition of financial hardship in the area of benefit by the provision of grants, loans or any other such assistance given at the trustees absolute discretion

  3. To advance public education in particular that of children and adults in the area of benefit.

Objective 1.

  1. Sunday morning services (including teaching of children referred to in Objective 3) during which the bible is preached and taught from.

  2. The Church continued to run a hybrid of face to face and online meetings as the country recovered from the COVID pandemic.

  3. Midweek “Growth Groups” during which bible based teaching is discussed and applied.

  4. Publicity including the church website advertising the church and furthering the gospel and bible teaching.

Objective 2.

  1. Hope in North East Cheshire Initiatives - in partnership with over 30 other churches in Macclesfield and also in partnership with local agencies including the police, council and fire services. We have provided a practical and financial contribution to Hope In North East Cheshire.

  2. In December 2010 we opened a Foodbank in Macclesfield relieving those in particular need with a shortterm food parcel. Demand for food parcels increased significantly with the onset of the COVID pandemic. During the COVID pandemic our referral rate escalated to over 200 referrals each month. This has reduced slightly to between 160 and 180 separate referrals each month (many of these are for families or couples). In June 2020 we appointed a part time paid foodbank coordinator to lead our team of volunteers. In January 2022 the foodbank coordinator role became a full time post with additional support from a foodbank support worker two days a week.

  3. During the pandemic we significantly enhanced our warehouse facilities and delivery procedures to meet the spiralling need.

  4. The foodbank has expanded to serve a larger geography in North East region of Cheshire East in partnership with local providers. The foodbank also offers our of hours food distribution for those in food crisis over the weekend.

Objective 3.

  1. Various Sunday school clubs for children aged 0-11. This includes education in the Christian religion and general education is achieved simultaneously.

  2. Youth Club on Friday evenings and Sunday mornings which again includes education in the Christian Religion for 11-18 year olds.

  3. During the pandemic we sought to maintain our children and youth provision through various online and remote methods. This included an online nativity in December 2020.

  4. In December 2021 the Church partnered with Saltmine Theatre Company to provide a Christmas theatre experience to the local community.

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SILKLIFE CHURCH

TRUSTEES’ REPORT FOR THE PERIOD ENDED 31[st] MARCH 2022

Reserves Policy

An amount of £3,000 has been designated as a reserve fund to cover regular commitments which would be unavoidable if income were to suddenly cease.

Approved by the Trustees on

Signed on their behalf by Trustee

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SILKLIFE CHURCH

STATEMENT OF RECEIPTS AND PAYMENTS FOR THE PERIOD ENDING 31[st] MARCH 2022

Notes Unrestricted Restricted Total Total
Funds Funds 2021/2022 2020/2021
RECEIPTS
Voluntary Receipts 2a 79,669 13,869 93,538 77,565
Investment Income 2b 8 0 8 22
Other Receipts 2c 1,030 149,102 150,132 79,432
TOTAL RECEIPTS 80,707 162,971 243,678 157,019
PAYMENTS
Cost of Generating Voluntary 3a 8,500 28,523 37,023 28,736
Receipts
Cost of Charitable Activities 3b 60,846 0 60,846 34,063
Governance Costs 3c 44,594 0 44,594 37,635
TOTAL PAYMENTS 113,940 28,523 142,463 100,434
NET 101,215 56,585
INCOMING/(OUTGOING)
RESOURCES
Balances Brought Forward 75,355 18,770
BALANCES CARRIED 176,570 75,355
FORWARD

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SILKLIFE CHURCH

STATEMENT OF ASSETS AND LIABILITIES AS AT 31[st] MARCH 2022

Notes
ASSETS
Cash Funds:
Current Account
Total Assets
Represented by:
General Fund
Reserve fund
Assets retained for the Charity’s
own use:
Equipment
Total Net Assets		 31/3/2022
31/3/2021
£
£
169,484
68,269
169,484
68,269
166,484
65,269
3,000
3,000
169,484
68,269
7,086
7,086
7,086
7,086
176,570
75,355

Approved by the Trustees on

Signed on their behalf by Trustee

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SILKLIFE CHURCH

NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31[st] MARCH 2022

1. BASIS OF ACCOUNTING

The accounts have been prepared under the “Receipts and Payments” basis as prescribed by the Charity Commissioners, and they meet the appropriate legal requirements. The accounts are prepared on a “going concern” basis.

2.
RECEIPTS
Note
a) Voluntary Receipts
Tithes and collections
Special Collections and gifts
Gift Aid Tax Reclaimed
b) Investment Income
Bank Interest
c) Other Receipts
Rental income
Noah’s Ark and Youth
Food Bank – donations and grants		 Unrestricted
Funds
Restricted
Funds
Total
2021/22
62,612
0
62,612
0
13,869
13,869
17,057
0
17,057		 Total
2020/21
53,329
14,138
10,098
79,669
13,869
93,538		 77,565
8
0
8		 22
8
0
8		 22
380
0
380
650
0
650
0
149,102
149,102
0

0

79,432
1,030
149,102
150,132		 79,432

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SILKLIFE CHURCH

NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31[st] MARCH 2022

3.
PAYMENTS
Note
a) Cost of Generating
Voluntary Receipts
Overseas and Mission
Food Bank
Christ Central Churches
b) Costs of Charitable
Activities
Church Resources
Noah’s Ark, Youth and
Newday
Outreach
Staff Costs
5&6
Personal pension
Training
Child Protection Bureau
Membership fees and
subscriptions
Visiting Guest Gifts and
Expenses
c) Governance Costs
Accountancy
Light, heat and water
Insurance
Cleaning and hygiene
Other, including repairs
and phone
Rent		 Unrestricted
Funds
Restricted
Funds
Total
2021/22
Total
2020/21
0
0
6,750
21,773
6,750
21,773
7,820
15,916
8,500
0
8,500
5,000		 Unrestricted
Funds
Restricted
Funds
Total
2021/22
Total
2020/21
0
0
6,750
21,773
6,750
21,773
7,820
15,916
8,500
0
8,500
5,000
8,500
28,523
37,023		 28,736
3,744
0
3,744
1,446
0
1,446
5,006
0
5,006
45,207
0
45,207
1,139
0
1,139
967
0
967
243
0
243
800
0
800
2,294
0
2,294		 1,710
497
1,845
26,401
1,424
86
345
797

958
60,846
0
60,846		 34,063
400
0
400
6,065
0
6,065
2,700
0
2,700
4,695
0
4,695
4,234
0
4,234
26,500
0
26,500		 400
3,224
2,838
2,494
2,179
26,500
44,594
0
44,594		 37,635

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SILKLIFE CHURCH

NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31[st] MARCH 2022

5. PAYMENTS TO TRUSTEES

During the financial year trustee Mr D Atkinson received £17,880 (2021: £17,520) in salary in furthering the charity’s objects.

No other payments were made to Trustees during this financial period. No other material transaction took place between the organisation and a trustee.

6. STAFF COSTS AND NUMBERS

TAFF COSTS AND NUMBERS
Gross Wages and Salaries
Employees who were engaged in
activities in furtherance of organisation’s
objects (FTE) at 31/3/2022		 2021/22
45,327
45,327
5		 2020/21
27,952
27,952
2

No employees received emoluments in the range of over £50,000. The payroll is operated under the PAYE scheme with the Inland Revenue.

7. RISK ASSESSMENT

The trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserve 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 trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.

8. RESERVES POLICY

The trustees have considered the level of reserves they wish to retain, appropriate to the charity’s needs. This is based on the charity’s size and the level of financial commitments held. The trustees aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The trustees will endeavour not to set aside funds unnecessarily.

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