REGISTERED COMPANY NUMBER: 05977613 (England and Wales) REGISTERED CHARITY NUMBER: 1119572
REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
FOR
ST LUKE'S CHURCH
Sedulo Leeds Limited St Paul's House 23 Park Square Leeds West Yorkshire LS1 2ND
ST LUKE'S CHURCH
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 4 |
| Independent Examiner's Report | 5 | ||
| Statement of Financial Activities | 6 | ||
| Balance Sheet | 7 | to | 8 |
| Cash Flow Statement | 9 | ||
| Notes to the Cash Flow Statement | 10 | ||
| Notes to the Financial Statements | 11 | to | 21 |
| Detailed Statement of Financial Activities | 22 | to | 23 |
ST LUKE'S CHURCH
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives, aims and delivery of public benefit
The objectives of the charity as set out in the Memorandum of Association are:
(i) the advancement of the Christian faith in accordance with the Statement of Faith of The Assemblies of God in such ways and in such parts of the United Kingdom or the world as approved by the trustees from time to time;
(ii) to relieve sickness and financial hardship, and to promote and preserve good health by the provision of funds, goods or services of any kind including through the provision of counselling and support in such parts of the United Kingdom or the world as approved by the trustees from time to time; and
(iii) to advance education in such ways and in such parts of the United Kingdom or the world as the directors from time to time may think fit.
These objectives reflect the aims of the charity to promote the Christian faith and follow that faith by providing community facilities and local and overseas ministration.
The charities main activities as described below, focus on the provision of services to the local community and advancement of the Christian faith within and beyond that community and have been chosen having regard to the Charities Commissions guidance on public benefit.
Significant activities
In accordance with our objectives the principal activities of the charitable company during the period were the provision of Christian ministration to the users of St Luke's Church, together with community centre facilities, pre-school services and day care nursery services.
At St Luke's we provide daycare nursery services for children between the ages of 3 months to 5 years and pre-school services to children between the ages of 2 to 5 years, providing high quality childcare and learning in a safe environment. We are inspected by OFSTED and required to provide a broad and balanced curriculum, based on the government's Early Learning Goals. The nursery and pre-school enjoys an excellent reputation within the local community and is very well supported by local parents.
Amongst its other activities St Luke's also run a youth centre, known as The Shed, for children between the ages of 8 to 16 providing activities on site and away. It provides children with a safe place to meet friends and participate in recreational activities, and to gain self-confidence and fulfilment. In addition we continue to operate a café which is open to the community, housed in our church building on Barnsley Road, South Elmsall, through which we also run our 'Lets be Friends' befriending service for lonely and isolated members of our community. And we also continue to support the One-by-One Orphanage in Kenya through church donations and donations in the café.
All of the above activities were significantly affected by the Covid 19 pandemic, with only the Nursery remaining open during the year to March 21 and ministration being provided online. In the year to March 22, as Covid restrictions eased, we were able to welcome members of the Community back to our premises and resume face to face ministration, and the Nursery was able to fully open, although unfortunately we were unable to reopen The Shed.
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ST LUKE'S CHURCH
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022
OBJECTIVES AND ACTIVITIES
Volunteers
As trustees we are grateful for the many volunteer's who serve across our various activities. As a result a significant part of our costs are met from voluntary services and volunteered time. These have not been quantified in financial terms and have not been included in the statement of financial activities.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The church has experienced a gradual return to normality as Covid restrictions have eased, welcoming local residents back to our community. During the year we are pleased to report that further refurbishment works have continued to take place across all of our premises.
The nursery and pre-school has continued to enrol more children and has operated at or near to capacity throughout the year. We are pleased to report that the quality of the care provided by the nursery and pre-school ensures that many enquiries are received. The daycare nursery was judged to be 'good' and the pre-school was judged to be 'outstanding' by OFSTED following their most recent inspection.
The Trustees are also pleased to report that we have completed a review of our IT requirements, begun last year, and been able to install new IT equipment at all our premises to enable us to continue to operate at a high standard.
The Shed unfortunately was closed all year, but the café was able to reopen to provide an environment for local adults to meet during the day, and the church has reopened its facilities to a number of local groups to build on its community ethos.
We are delighted at the continuing success of 'Let's Be Friends', our befriending service for lonely and isolated members of our community, held at the Café and staffed by church volunteers which has proved to be a great success providing activities, days out as well as providing an opportunity for people to meet new friends.
We are also delighted that works were completed on the development of a community garden that will benefit members of the local community.
Internal and external factors
St Luke's employs many suitably qualified staff, but we also continue to benefit from the time and effort donated by many volunteers who enable us to operate all our various activities, in particular with regard to the Youth Club, Café and Let's Be Friends service. All volunteers are subject to vetting under DBS disclosure and follow a detailed induction process on their roles and responsibilities, to ensure that our standards of service delivery are maintained.
FINANCIAL REVIEW
Financial position
Albeit the charity's accounts record a deficit in the year this is largely due to depreciation on the Charity's properties and overall the Charity generated a cash surplus over the year. The Trustees are satisfied with the financial position of the charity and its ability to meet its ongoing commitments, after taking into account the financial risks and uncertainties outlined below.
Page 2
ST LUKE'S CHURCH
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022
FINANCIAL REVIEW
Principal funding resources and Financial risks and Uncertainties
The charities principal sources of income are fees charged for the nursery and funding from Wakefield Metropolitan District Council. Fundraising and voluntary income provide further funding for the charity. The income and expenditure in respect of these activities for the twelve month period is set out in the attached accounts.
As Trustees we recognise the potential uncertainty over future funding levels and nursery occupancy and costs, particularly in light of inflation and its effect on wages, energy, food and consumable prices, which are considered to be the principal financial risks facing us as a charity. We continue to monitor them regularly, making adjustments to our activities and plans as required.
Reserves policy
The Trustees policy aim is to achieve unrestricted funds, which are free reserves of the charity, at a level sufficient to cover charitable and governance costs for a period of twelve months in order to ensure the future stability of the charity. The charity has yet to achieve this level of reserves but the Trustees note there has been a further improvement towards this target during the year.
FUTURE PLANS
Subsequent to the year end the Charity has taken the decision to close its Nursery premises at Barnsley Road, and consolidate all its Nursery activities at its main community base on Carlton Road. This necessitated the difficult decision not to reopen its youth centre, The Shed, following its enforced closure during the Covid pandemic; these premises are amongst those at Carlton Road being converted to Nursery facilities.
It is anticipated that transfer of Nursery staff and pupils to the refurbished site will occur in early 2023, once all necessary consultations are completed and conversion works completed and signed off. The refurbishment and conversion works have been initially funded from existing cash reserves and a bank loan but the intention of the Trustees is that the Barnsley Road Nursery site will be marketed for sale with anticipated proceeds utilised to settle that borrowing and replenish cash reserves.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its Memorandum and Articles of Association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
The guarantee is limited to £1 per member.
Recruitment and appointment of trustees
Trustees comprise the senior minister and other ministers of the church and others nominated by the senior minister and ratified by the Trustees. Trustees are not required to retire by rotation.
Organisational structure
The Trustees are responsible for overall operation and management of the charity. Some day to day decisions are delegated to senior staff in the Nursery who report to the Trustees.
Induction and training of trustees
All trustees sign a declaration that they are not barred from standing and are vetted through DBS disclosure.
All new trustees are issued with an induction pack and invited to attend an induction meeting where they are given an overview of the work of the Charity and their duties and responsibilities are clarified.
Management structure
The Trustees are responsible for all strategic and financial decisions of the charity and meet on a regular basis throughout the year to set strategic goals, budgets and procedures.
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ST LUKE'S CHURCH
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
05977613 (England and Wales)
Registered Charity number
1119572
Registered office
St Lukes Church Carlton Road Pontefract West Yorkshire WF9 2QQ
Trustees
M Sullivan S A Sullivan J M McMahon S E Brown D Hardy R V Matthews
Independent Examiner
Gavin Bell BA ACA Institute of Chartered Accountants in England and Wales Sedulo Leeds Limited St Paul's House 23 Park Square Leeds West Yorkshire LS1 2ND
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 26 January 2023 and signed on its behalf by:
M Sullivan - Trustee
Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ST LUKE'S CHURCH
Independent examiner's report to the trustees of St Luke's Church ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors 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 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
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of Institute of Chartered Accountants in England and Wales which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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 methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
Gavin Bell BA ACA Institute of Chartered Accountants in England and Wales Sedulo Leeds Limited St Paul's House 23 Park Square Leeds West Yorkshire LS1 2ND
26 January 2023
Page 5
ST LUKE'S CHURCH
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2022
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Charitable activities Nursery Shed (Youth Centre) Cafe Let's Be Friends Other trading activities 3 Investment income 4 Other income Total EXPENDITURE ON Raising funds 6 Charitable activities 7 Church & community Nursery Other activities Total NET INCOME/(EXPENDITURE) Transfers between funds 18 Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted funds £ 486,433 382,094 1,937 6,332 2,628 10,774 61 2,360 892,619 7,273 190,089 702,321 11,247 910,930 (18,311) (506) (18,817) 1,397,510 1,378,693 |
Restricted funds £ 3,052 - - - - - - - 3,052 - - - 1,362 1,362 1,690 506 2,196 - 2,196 |
31.3.22 Total funds £ 489,485 382,094 1,937 6,332 2,628 10,774 61 2,360 895,671 7,273 190,089 702,321 12,609 912,292 (16,621) - (16,621) 1,397,510 1,380,889 |
31.3.21 Total funds £ 526,513 292,571 3,878 726 - 5,404 53 - |
|---|---|---|---|---|
| 829,145 | ||||
| 4,302 182,167 608,042 16,187 |
||||
| 810,698 | ||||
| 18,447 - |
||||
| 18,447 1,379,063 |
||||
| 1,397,510 |
The notes form part of these financial statements
Page 6
ST LUKE'S CHURCH
BALANCE SHEET 31 MARCH 2022
| Notes FIXED ASSETS Tangible assets 12 CURRENT ASSETS Debtors 13 Cash at bank and in hand CREDITORS Amounts falling due within one year 14 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 15 NET ASSETS FUNDS 18 Unrestricted funds Restricted funds TOTAL FUNDS |
Unrestricted funds £ 1,402,755 61,079 94,669 155,748 (47,659) 108,089 1,510,844 (132,151) 1,378,693 |
Restricted funds £ 2,196 - - - - - 2,196 - 2,196 |
31.3.22 Total funds £ 1,404,951 61,079 94,669 155,748 (47,659) 108,089 1,513,040 (132,151) 1,380,889 1,378,693 2,196 1,380,889 |
31.3.21 Total funds £ 1,444,053 47,549 86,875 134,424 (38,527) 95,897 1,539,950 (142,440) 1,397,510 1,397,510 - 1,397,510 |
|---|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
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ST LUKE'S CHURCH
BALANCE SHEET - continued 31 MARCH 2022
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 26 January 2023 and were signed on its behalf by:
M Sullivan - Trustee
The notes form part of these financial statements
Page 8
ST LUKE'S CHURCH
CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2022
| 31.3.22 | 31.3.21 | ||
|---|---|---|---|
| Notes | £ | £ | |
| Cash flows from operating activities | |||
| Cash generated from operations | 1 | 65,636 | 60,206 |
| Interest paid | (7,926) | (8,795) | |
| Net cash provided by operating activities | 57,710 | 51,411 | |
| Cash flows from investing activities | |||
| Purchase of tangible fixed assets | (44,891) | (55,520) | |
| Sale of tangible fixed assets | 2,360 | - | |
| Interest received | 61 | 53 | |
| Net cash used in investing activities | (42,470) | (55,467) | |
| Cash flows from financing activities | |||
| Loan repayments in year | (7,464) | (4,643) | |
| Net cash used in financing activities | (7,464) | (4,643) | |
| Change in cash and cash equivalents | |||
| in the reporting period | 7,776 | (8,699) | |
| Cash and cash equivalents at the | |||
| beginning of the reporting period | 2 | 86,875 | 95,574 |
| Cash and cash equivalents at the end | |||
| of the reporting period | 2 | 94,651 | 86,875 |
The notes form part of these financial statements
Page 9
ST LUKE'S CHURCH
NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2022
| 1. | RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET | RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET | CASH FLOW FROM OPERATING | CASH FLOW FROM OPERATING | CASH FLOW FROM OPERATING |
|---|---|---|---|---|---|
| ACTIVITIES | |||||
| 31.3.22 | 31.3.21 | ||||
| £ | £ | ||||
| Net (expenditure)/income for the reporting period (as | per the | ||||
| Statement of Financial Activities) | (16,621) | 18,447 | |||
| Adjustments for: | |||||
| Depreciation charges | 83,993 | 68,914 | |||
| Profit on disposal of fixed assets | (2,360) | - | |||
| Interest received | (61) | (53) | |||
| Interest paid | 7,926 | 8,795 | |||
| Increase in debtors | (13,530) | (40,835) | |||
| Increase in creditors | 6,289 | 4,938 | |||
| Net cash provided by operations | 65,636 | 60,206 | |||
| 2. | ANALYSIS OF CASH AND CASH EQUIVALENTS | ||||
| 31.3.22 | 31.3.21 | ||||
| £ | £ | ||||
| Cash in hand | 366 | 426 | |||
| Notice deposits (less than 3 months) | 94,303 | 86,449 | |||
| Overdrafts included in bank loans and overdrafts falling due within | one | ||||
| year | (18) | - | |||
| Total cash and cash equivalents | 94,651 | 86,875 | |||
| 3. | ANALYSIS OF CHANGES IN NET DEBT | ||||
| At 1.4.21 | Cash flow | At 31.3.22 | |||
| £ | £ | £ | |||
| Net cash | |||||
| Cash at bank and in hand | 86,875 | 7,794 | 94,669 | ||
| Bank overdraft | - | (18) | (18) | ||
| 86,875 | 7,776 | 94,651 | |||
| Debt | |||||
| Debts falling due within 1 year | (5,060) | (2,825) | (7,885) | ||
| Debts falling due after 1 year | (142,440) | 10,289 | (132,151) | ||
| (147,500) | 7,464 | (140,036) | |||
| Total | (60,625) | 15,240 | (45,385) |
The notes form part of these financial statements
Page 10
ST LUKE'S CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The financial statements are prepared in sterling £, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
At the time of signing these accounts the Trustees are of the opinion that the Charity will remain viable for the foreseeable future and therefore these Financial Statements have been prepared on the Going Concern basis.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Services of volunteers are invaluable to the operation of the charity. Unless material and capable of valuation no attempt has been made to put a book value on such gifts and consequently they are not shown in the financial statements.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Raising funds
Costs of generating funds are those costs incurred in attracting voluntary income and include the costs associated with fundraising activities.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
| Freehold property | - 10% on cost and 2% on cost |
|---|---|
| Plant and equipment | - 25% on reducing balance |
| Fixtures and fittings | - 25% on reducing balance |
| Computer equipment | - 25% on cost |
Expenditure on small items of equipment which are routinely replaced are written off to repairs and not capitalised.
Taxation
The charity is exempt from corporation tax on its charitable activities.
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ST LUKE'S CHURCH NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
1. ACCOUNTING POLICIES - continued
Fund accounting
Unrestricted funds, including designated funds, can be used in accordance with the charitable objectives at the discretion of the trustees. Designated funds represent funds which have been reserved by the trustees to certain uses.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. DONATIONS AND LEGACIES
| Donations Gift aid donations Grants and funding Government assistance relating to furlough Missions |
31.3.22 £ 9,904 39,253 437,559 2,041 728 489,485 |
31.3.21 £ 8,634 40,139 402,162 74,915 663 |
|---|---|---|
| 526,513 |
GRANTS AND FUNDING
| GRANTS AND FUNDING | ||||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Unrestricted | Restricted | Total | Total | |
| Fund | Fund | £ | £ | |
| Incoming resources from generated funds: |
||||
| WMDC education funding 3 year olds A |
261,262 | - | 261,262 | 237,856 |
| WMDC education funding 2 year olds B |
144,822 | - | 144,822 | 147,699 |
| One-to-One C |
29,101 | - | 29,101 | 16,607 |
| WDH garden grant D |
- | 2,374 | 2,374 | - |
| 435,185 | 2,374 | 437,559 | 402,162 | |
A) An annual education award from Wakefield Metropolitan District Council (WMDC) for the core funding expenditure of the nursery. This is payable in three-term periods based on the numbers and eligibility of the children.
B) An annual education award from Wakefield Metropolitan District Council (WMDC) for the core funding expenditure of the nursery, following the extension of the age profile of the nursery to include two year old children. This is payable in three-term periods based on the numbers and eligibility of the children.
C) One to One funding is an award from Wakefield Metropolitan District Council (WMDC) towards the cost of staffing to assist children with additional needs.
D) A grant awarded from Wakefield District Housing (WDH) towards the cost of the Community Garden
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ST LUKE'S CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
| 3. OTHER TRADING ACTIVITIES Fundraising events Rents received 4. INVESTMENT INCOME Deposit account interest 5. INCOME FROM CHARITABLE ACTIVITIES Activity Nursery income Nursery Shed (Youth Centre) income Shed (Youth Centre) Cafe income Cafe Lets be Friends Let's Be Friends 6. RAISING FUNDS Raising donations and legacies Fund raising expenses 7. CHARITABLE ACTIVITIES COSTS Church & community Nursery Other activities |
Direct Costs £ 189,142 698,985 12,609 900,736 |
31.3.22 £ 9,784 990 10,774 31.3.22 £ 61 31.3.22 £ 382,094 1,937 6,332 2,628 392,991 31.3.22 £ 7,273 Support costs (see note 8) £ 947 3,336 - 4,283 |
31.3.21 £ 5,054 350 5,404 31.3.21 £ 53 31.3.21 £ 292,571 3,878 726 - |
|---|---|---|---|
| 297,175 | |||
| 31.3.21 £ 4,302 Totals £ 190,089 702,321 12,609 |
|||
| 905,019 |
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ST LUKE'S CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
7. CHARITABLE ACTIVITIES COSTS - continued
| Church & | Other | ||||
|---|---|---|---|---|---|
| Communit y |
Nursery | activities | 2022 | 2021 | |
| £ | £ | £ | £ | £ | |
| Wages inc social security | 31,404 | 573,295 | - | 604,699 | 529,367 |
| Trustees remuneration | 27,391 | 13,196 | - | 40,587 | 39,109 |
| Rates and water | 124 | 2,447 | 1,995 | 4,566 | 5,430 |
| Insurance | - | 4,905 | - | 4,905 | 5,395 |
| Light and heat | 3,792 | 18,178 | 2,010 | 23,980 | 19,831 |
| Telephone | 1,224 | 4,605 | 755 | 6,584 | 5,188 |
| Postage and stationery | 384 | 7,738 | - | 8,122 | 6,369 |
| Advertising | 1,016 | - | - | 1,016 | 686 |
| Consumables and equipment | 6,004 | 15,586 | 1,817 | 23,407 | 21,145 |
| Ministry | 140 | - | - | 140 | 580 |
| Donations | 990 | 670 | - | 1,660 | 2,310 |
| Food and refreshments | 1,537 | 19,100 | 1,590 | 22,227 | 15,392 |
| Security | - | - | - | - | 35 |
| HSA | 357 | - | - | 357 | 355 |
| Licences | 697 | 104 | 75 | 876 | 727 |
| Subscriptions | 6,079 | 3,066 | - | 9,145 | 10,157 |
| Training costs | - | 3,094 | - | 3,094 | 570 |
| Kitchen - non food | - | 294 | - | 294 | 265 |
| Computer costs | 15,345 | 30 | - | 15,375 | 16,465 |
| Repairs and renewals | 7,218 | 18,366 | 1,657 | 27,241 | 33,366 |
| Cleaning and laundry | 422 | 8,967 | 7 | 9,396 | 10,487 |
| Mission costs | - | - | 908 | 908 | 564 |
| Bad debts | - | 238 | - | 238 | 490 |
| Depreciation | 77,092 | 5,106 | 1,795 | 83,993 | 68,914 |
| Loan and mortgage interest | 7,926 | - | - | 7,926 | 8,795 |
| 189,142 | 698,985 | 12,609 | 900,736 | 801,992 | |
| 2021 | 182,008 | 603,797 | 16,187 | 801,992 | |
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ST LUKE'S CHURCH NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
8. SUPPORT COSTS
Support costs total £4,283 (2021: £4,404) and comprise Independent examiners fees, accountancy and legal fees and other finance charges necessary to the governance and operation of the charity. In view of their low value the costs have not been allocated against specific charitable activities.
9. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
10.
| 31.3.22 | 31.3.21 | |
|---|---|---|
| £ | £ | |
| Independent examiners fee | 650 | 650 |
| Independent examiners fee - other work | 2,890 | 2,890 |
| Depreciation - owned assets | 83,993 | 68,913 |
| Surplus on disposal of fixed assets | (2,360) | - |
| TRUSTEES' REMUNERATION AND BENEFITS | ||
| 31.3.22 | 31.3.21 | |
| £ | £ | |
| Trustees' salaries | 40,587 | 39,109 |
Trustees salaries represents remuneration to Rev M Sullivan of £27,391 (2021: £26,752) and Mrs J M McMahon of £13,196 (2021: £12,358) for services as minister/nursery manager and administrator respectively. In addition job related accommodation and related utility costs are provided to the Rev M Sullivan in his capacity as Minister to St Luke's Church. No remuneration is paid to Trustees in respect of their activities as Trustees.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.
11. STAFF COSTS
| Wages and salaries Social security costs The average monthly number of employees during the year was as follows: Charitable activities |
31.3.22 £ 618,618 26,668 645,286 31.3.22 54 |
31.3.21 £ 551,739 16,737 |
|---|---|---|
| 568,476 | ||
| 31.3.21 50 |
No employees received emoluments in excess of £60,000.
Page 15
continued...
ST LUKE'S CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
12. TANGIBLE FIXED ASSETS
| COST At 1 April 2021 Additions Disposals At 31 March 2022 DEPRECIATION At 1 April 2021 Charge for year Eliminated on disposal At 31 March 2022 NET BOOK VALUE At 31 March 2022 At 31 March 2021 |
Freehold property £ 1,751,098 16,969 - 1,768,067 396,852 50,615 - 447,467 1,320,600 1,354,246 |
Plant and equipment £ 52,793 415 - 53,208 43,351 2,430 - 45,781 7,427 9,442 |
Fixtures and fittings £ 122,508 1,508 - 124,016 102,420 5,271 - 107,691 16,325 20,088 |
Computer equipment £ 208,693 25,999 (6,119) 228,573 148,416 25,677 (6,119) 167,974 60,599 60,277 |
Totals £ 2,135,092 44,891 (6,119) |
|---|---|---|---|---|---|
| 2,173,864 | |||||
| 691,039 83,993 (6,119) |
|||||
| 768,913 | |||||
| 1,404,951 | |||||
| 1,444,053 |
13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|
| 31.3.22 | 31.3.21 | |
| £ | £ | |
| Nursery debtors | 45,505 | 34,037 |
| Other debtors | 15,574 | 13,512 |
| 61,079 | 47,549 | |
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 31.3.22 | 31.3.21 | |
| £ | £ | |
| Bank loans and overdrafts (see note 16) | 7,903 | 5,060 |
| Nursery creditors | 17,445 | 11,667 |
| Social security and other taxes | 4,286 | 4,949 |
| Other creditors | 3,842 | 3,842 |
| Accrued expenses | 14,183 | 13,009 |
| 47,659 | 38,527 |
14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Page 16
continued...
ST LUKE'S CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
| 15. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Bank loans (see note 16) 16. LOANS An analysis of the maturity of loans is given below: Amounts falling due within one year on demand: Bank overdrafts Bank loans Amounts falling between one and two years: Bank loans - 1-2 years Amounts falling due between two and five years: Bank loans - 2-5 years Amounts falling due in more than five years: Repayable by instalments: Bank loan instalments in more than 5 years 17. SECURED DEBTS The following secured debts are included within creditors: Bank loans |
31.3.22 £ 132,151 31.3.22 £ 18 7,885 7,903 8,330 27,917 95,904 31.3.22 £ 140,036 |
31.3.21 £ 142,440 |
|---|---|---|
| 31.3.21 £ - 5,060 |
||
| 5,060 | ||
| 5,345 | ||
| 17,914 | ||
| 119,181 31.3.21 £ 147,500 |
Bank loans represent mortgage loans and are secured on certain of the charity's freehold properties.
Page 17
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ST LUKE'S CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
18. MOVEMENT IN FUNDS
| Unrestricted funds General fund Designated fund - freehold properties Designated fund - The Shed (Youth Centre) Restricted funds Missions Community Garden TOTAL FUNDS Net movement in funds, included in the above Unrestricted funds General fund Designated fund - freehold properties Designated fund - The Shed (Youth Centre) Restricted funds Missions Community Garden TOTAL FUNDS |
At 1.4.21 £ 189,072 1,206,745 1,693 1,397,510 - - - 1,397,510 are as follows: |
Net movement in funds £ 40,802 (58,425) (688) (18,311) (230) 1,920 1,690 (16,621) Incoming resources £ 890,682 - 1,937 892,619 678 2,374 3,052 895,671 |
Transfers between funds £ (30,636) 30,048 82 (506) 230 276 506 - Resources expended £ (849,880) (58,425) (2,625) (910,930) (908) (454) (1,362) (912,292) |
At 31.3.22 £ 199,238 1,178,368 1,087 1,378,693 - 2,196 2,196 1,380,889 Movement in funds £ 40,802 (58,425) (688) (18,311) (230) 1,920 1,690 (16,621) |
||
|---|---|---|---|---|---|---|
Page 18
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ST LUKE'S CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
18. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net movement At 1.4.20 in funds £ £ Unrestricted funds General fund 160,113 69,873 Designated fund - freehold properties 1,217,287 (50,396) Designated fund - The Shed (Youth Centre) 1,663 (1,129) 1,379,063 18,348 Restricted funds Missions - 99 TOTAL FUNDS 1,379,063 18,447 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 824,587 Designated fund - freehold properties - Designated fund - The Shed (Youth Centre) 3,895 828,482 Restricted funds Missions 663 TOTAL FUNDS 829,145 |
Transfers between funds £ (40,914) 39,854 1,159 99 (99) - Resources expended £ (754,714) (50,396) (5,024) (810,134) (564) (810,698) |
At 31.3.21 £ 189,072 1,206,745 1,693 1,397,510 - 1,397,510 Movement in funds £ 69,873 (50,396) (1,129) 18,348 99 18,447 |
|
|---|---|---|---|
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continued...
ST LUKE'S CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
18. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Designated fund - freehold properties Designated fund - The Shed (Youth Centre) Restricted funds Missions Community Garden TOTAL FUNDS |
At 1.4.20 £ 160,113 1,217,287 1,663 1,379,063 - - - 1,379,063 |
Net movement in funds £ 110,675 (108,821) (1,817) 37 (131) 1,920 1,789 1,826 |
Transfers between funds £ (71,550) 69,902 1,241 (407) 131 276 407 - |
At 31.3.22 £ 199,238 1,178,368 1,087 |
|---|---|---|---|---|
| 1,378,693 - 2,196 |
||||
| 2,196 | ||||
| 1,380,889 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 1,715,269 | (1,604,594) | 110,675 |
| Designated fund - freehold properties | - | (108,821) | (108,821) |
| Designated fund - The Shed (Youth | |||
| Centre) | 5,832 | (7,649) | (1,817) |
| 1,721,101 | (1,721,064) | 37 | |
| Restricted funds | |||
| Missions | 1,341 | (1,472) | (131) |
| Community Garden | 2,374 | (454) | 1,920 |
| 3,715 | (1,926) | 1,789 | |
| TOTAL FUNDS | 1,724,816 | (1,722,990) | 1,826 |
The Designated fund for freehold properties represents the book value of the properties from which the Charity carries out its activities, net of related mortgage borrowing.
The Designated fund for the Shed (Youth Centre) represents the surplus balance of funds generated from and expended on Shed activities which has been set aside for future use in providing those activities and facilities.
Page 20
continued...
ST LUKE'S CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
18. MOVEMENT IN FUNDS - continued
The Missions fund represents monies raised to fund missionary activities including the One-by-One Orphanage in Kenya.
The Community Garden fund represents the book value of community garden fixed assets partly funded by restricted grants.
19. RELATED PARTY DISCLOSURES
There were no related party transactions in the period other than employment related remuneration as disclosed at note 10.
Page 21
ST LUKE'S CHURCH
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022
| 31.3.22 | 31.3.21 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 9,904 | 8,634 |
| Gift aid donations | 39,253 | 40,139 |
| Grants and funding | 437,559 | 402,162 |
| Government assistance relating to furlough | 2,041 | 74,915 |
| Missions | 728 | 663 |
| 489,485 | 526,513 | |
| Other trading activities | ||
| Fundraising events | 9,784 | 5,054 |
| Rents received | 990 | 350 |
| 10,774 | 5,404 | |
| Investment income | ||
| Deposit account interest | 61 | 53 |
| Charitable activities | ||
| Nursery income | 382,094 | 292,571 |
| Shed (Youth Centre) income | 1,937 | 3,878 |
| Lets be Friends | 2,628 | - |
| Cafe income | 6,332 | 726 |
| 392,991 | 297,175 | |
| Other income | ||
| Gain on sale of tangible fixed assets | 2,360 | - |
| Total incoming resources | 895,671 | 829,145 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Fund raising expenses | 7,273 | 4,302 |
| Charitable activities | ||
| Trustees' salaries | 40,587 | 39,109 |
| Wages | 578,031 | 512,630 |
| Social security | 26,668 | 16,737 |
| Rates and water | 4,566 | 5,430 |
| Insurance | 4,905 | 5,395 |
| Carried forward | 654,757 | 579,301 |
This page does not form part of the statutory financial statements
Page 22
ST LUKE'S CHURCH
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022
| 31.3.22 | 31.3.21 | |
|---|---|---|
| £ | £ | |
| Charitable activities | ||
| Brought forward | 654,757 | 579,301 |
| Light and heat | 23,980 | 19,831 |
| Telephone | 6,584 | 5,188 |
| Postage and stationery | 8,122 | 6,369 |
| Advertising | 1,016 | 686 |
| Consumables and equipment | 23,407 | 21,145 |
| Ministry | 140 | 580 |
| Donations | 1,660 | 2,310 |
| Food and refreshments | 22,227 | 15,392 |
| Registration charges | - | 35 |
| HSA | 357 | 355 |
| Licences | 876 | 727 |
| Subscriptions | 9,145 | 10,157 |
| Training costs | 3,094 | 570 |
| Kitchen - non food | 294 | 265 |
| Computer costs | 15,375 | 16,465 |
| Repairs and renewals | 27,241 | 33,366 |
| Cleaning, laundry and refuse | 9,396 | 10,487 |
| Mission costs | 908 | 564 |
| Bad debt write off | 238 | 490 |
| Depreciation of tangible fixed assets | 83,993 | 68,914 |
| Loan and mortgage interest | 7,926 | 8,795 |
| 900,736 | 801,992 | |
| Support costs | ||
| Governance costs | ||
| Independent examiners fee | 650 | 650 |
| Independent examiners fee - other work | 2,890 | 2,890 |
| Accountancy and legal fees | 663 | 784 |
| Credit charges | 80 | 80 |
| 4,283 | 4,404 | |
| Total resources expended | 912,292 | 810,698 |
| Net (expenditure)/income | (16,621) | 18,447 |
This page does not form part of the statutory financial statements
Page 23