**Charity registration number 1119572**
**Company registration number 05977613 (England and Wales)**
## **ST LUKE'S CHURCH**
## **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 MARCH 2024**
## **ST LUKE'S CHURCH**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Trustees**|J McMahon|
|---|---|
||S Sullivan|
||S Brown|
||D Hardy|
||M Sullivan|
|**Charity number**|1119572|
|**Company number**|05977613|
|**Registered office**|St Lukes Church|
||Carlton Road|
||Pontefract|
||West Yorkshire|
||United Kingdom|
||WF9 2QQ|
|**Independent examiner**|Sedulo London Limited|
||Office 605 Albert House|
||256 - 260 Old Street|
||London|
||United Kingdom|
||EC1V 9DD|
## **ST LUKE'S CHURCH**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 4|
|Independent examiner's report|5|
|Statement of financial activities|6|
|Balance sheet|7|
|Statement of cash flows|8|
|Notes to the financial statements|9 - 23|
## **ST LUKE'S CHURCH**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
The trustees present their annual report and financial statements for the year ended 31 March 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's [governing document], the Companies Act 2006 and "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)".
## **Objectives and activities**
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.
## _Public benefit_
With reference to the duty in section 17(5) of the Charities Act 2011, the trustees confirm that they have referred to the Charity Commission's guidance on public benefit when reviewing the charity's aims and objectives and in planning its current and future activities. The achievements and activities outlined in this report demonstrate the public benefit arising from the charity's activities.
## _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 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 governments Early Learning Goals. The nursery and pre-school enjoys and excellent reputation within the local community and is very well supported by parents.
We continue to operate the café, which is open to the community, housed during the period in our church building on Barnsley Road, South Elmsall, through which we also run our ‘Let's Be Friends’ befriending service for lonely and isolated members of our community. We also continue to support the One-by-One Orphanage in Kenya through church donations in the café.
- 1 -
## **ST LUKE'S CHURCH**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
## _Volunteers_
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 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.
As trustees we are grateful for the many volunteers who serve across our various activities. As a result a significant part of our costs are met from volunteered time. These have not been quantified in financial terms and have not been included in the statement of financial activities.
## **Achievements and performance**
During the year further refurbishment works have continued to take place across all of our premises.
The nursery & pre-school has successfully; following our merger into one site; continued to enrol more children and has operated at or near to capacity throughout the year. We are pleased to report that the care provided by the nursery & preschool ensures that many enquiries are received. The nursery & pre-school setting was judged to be ‘Good’ by OFSTED following their recent inspection.
Our café remains open to provide and environment for local adults to meet during the day, and the church continues to open its facilities to local groups to build on its community ethos.
Our ‘Let’s Be Friends’ befriending service for lonely and isolated members of our community is also held at the café and is staffed by volunteers is continuing to provide activities, days out and an opportunity for people to meet new friends.
## **Financial review**
The charity's income for the year totalled £848,470 (2023: £814,426) against expenditure of £1,038,026 (2023: £936,294) leading to a deficit of £189,556 (2023: deficit of £121,868).
Included in expenditure is the impairment of the charity's nursery premises at Barnsley Road in expectation of its sale during 2024-25 which led to a loss of £110,004. After the year end, a contract has been signed in regard to the property sale and the sale is subject to planning permission.
While a significant loss has been recognised on impairment, the charity's decision to consolidate all its nursery activities at its main community base on Carlton Road will nonetheless enable the charity to release cash funds that will be utilised to settle loans and replenish working capital.
## _Going concern_
The charity had a negative net current asset position at the balance sheet date (liability of £34,446) and the trustees are aware that the availability of cash funds currently poses the biggest ongoing risk to the charity's going concern status.
However, in order to mitigate these concerns, in the year ended 31 March 2023 the trustees made the decision to close the charity's nursery premises at Barnsley Road, and consolidate all nursery activities at the charity's main community base on Carlton Road, which will increase operational efficiency.
The transfer of nursery staff and pupils to the refurbished site occurred in mid 2023 once all necessary consultations were 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 as noted above the Barnsley Road Nursery site will be shortly be sold with proceeds utilised to settle that borrowing and significantly replenish cash reserves and improve its current asset position.
The trustees are therefore 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 in this report.
- 2 -
## **ST LUKE'S CHURCH**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
## _Reserves policy_
The trustees' policy aim is to achieve free reserves, which are unrestricted funds less designated funds, at a level sufficient to cover charitable and governance costs for a period of six 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 that reserves are due to be substantially increased by the expected sale of property in the year 2024-25.
## _Principal funding sources_
The charity's 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.
## _Major risks_
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.
## **Plans for future periods**
The 2024/25 period will see the charity finalise the consolidation of its nursery activities at the Carlton Road site and the trustees expect that this, and the sale of the Barnsley Road property - as outlined above - will support the charity's ongoing work to become financially sustainable in the long term.
The charity will also continue is other core activities, including running its café and the ‘Let’s Be Friends’ befriending service.
## **Structure, governance and management**
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 trustees, who are also the directors for the purpose of company law, and who served during the year were:
J McMahon
S Sullivan S Brown R Matthews (Resigned 15 July 2024) D Hardy M Sullivan M Thrower (Appointed 16 April 2023 and resigned 7 March 2024)
## _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.
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
## _Organisational 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.
The trustees are also 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.
- 3 -
## **ST LUKE'S CHURCH**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
## _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.
The trustees' report was approved by the Board of Trustees.
..............................
M Sullivan
**Trustee**
23/12/2024 Date: .............................................
- 4 -
## **ST LUKE'S CHURCH**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF ST LUKE'S CHURCH**
I report to the trustees on my examination of the financial statements of St Luke's Church (the charity) for the year ended 31 March 2024.
## **Responsibilities and basis of report**
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).
Having satisfied myself that the financial statements of the charity 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 the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, 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 that in any material respect:
- 1 accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements 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
- 4 the financial statements 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 financial statements to be reached.
Daniel Wilson FCCA
## **Sedulo London Limited**
Office 605 Albert House 256 - 260 Old Street London EC1V 9DD United Kingdom
Dated: .........................23 December 2024
- 5 -
## **ST LUKE'S CHURCH**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
|**Unrestricted**
**funds**
**2024**
**Notes**
**£**
**Income and endowments from:**
Donations and legacies
**2**
437,728
Charitable activities
**3**
405,636
Other trading activities
**4**
3,448
Investments
**5**
504
Other income
**6**
797
**Total income**
848,113
**Expenditure on:**
Raising funds
**7**
874
Charitable activities
Nursery
**8**
763,071
Church
**8**
256,031
Other
**8**
17,547
**Total expenditure**
1,037,523
**Net expenditure**
(189,410)
Transfers between funds
(42)
**Net movement in funds**
**10**
(189,452)
**Reconciliation of funds:**
Fund balances at 1 April 2023
1,256,813
**Fund balances at 31 March 2024**
1,067,361|**Restricted**
**funds**
**2024**
**£**
357
-
-
-
-
357
-
-
-
503
503
(146)
42
(104)
2,208
2,104|**Total**
**Unrestricted**
**funds**
**2024**
**2023**
**£**
**£**
438,085
456,591
405,636
349,754
3,448
5,074
504
273
797
2,000
848,470
813,692
874
4,137
763,071
725,823
256,031
189,620
18,050
15,992
1,038,026
935,572
(189,556)
(121,880)
-
-
(189,556)
(121,880)
1,259,021
1,378,693
1,069,465
1,256,813|**Restricted**
**funds**
**2023**
**£**
734
-
-
-
-
734
-
-
-
722
722
12
-
12
2,196
2,208|**Total**
**2023**
**£**
457,325
349,754
5,074
273
2,000
814,426
4,137
725,823
189,620
16,714
936,294
(121,868)
-
(121,868)
1,380,889
1,259,021|
|---|---|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
- 6 -
## **ST LUKE'S CHURCH**
## **BALANCE SHEET**
## _**AS AT 31 MARCH 2024**_
|||**2024**||**2023**||
|---|---|---|---|---|---|
||**Notes**|**£**|**£**|**£**|**£**|
|**Fixed assets**||||||
|Tangible assets|**14**||1,267,174||1,409,443|
|**Current assets**||||||
|Debtors|**16**|35,563||28,297||
|Cash at bank and in hand||27,804||42,849||
|||63,367||71,146||
|**Creditors: amounts falling due within one year**|**17**|(97,813)||(49,560)||
|**Net current (liabilities)/assets**|||(34,446)||21,586|
|**Total assets less current liabilities**|||1,232,728||1,431,029|
|**Creditors: amounts falling due after more than**||||||
|**one year**|**18**||(163,263)||(172,008)|
|**Net assets**|||1,069,465||1,259,021|
|**The funds of the charity**||||||
|Restricted funds|**21**||2,104||2,208|
|Unrestricted funds|||1,067,361||1,256,813|
||||1,069,465||1,259,021|
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the trustees on .........................23/12/2024
.............................. M Sullivan
## **Trustee**
Company registration number 05977613 (England and Wales)
- 7 -
## **ST LUKE'S CHURCH**
## **STATEMENT OF CASH FLOWS**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
|||**2024**||**2023**||
|---|---|---|---|---|---|
||**Notes**|**£**|**£**|**£**|**£**|
|**Cash flows from operating activities**||||||
|Cash generated from/(absorbed by) operations|**26**||19,932||(20,781)|
|**Investing activities**||||||
|Purchase of tangible fixed assets||(27,350)||(76,195)||
|Proceeds from disposal of tangible fixed assets||890||2,000||
|Investment income received||504||273||
|**Net cash used in investing activities**|||(25,956)||(73,922)|
|**Financing activities**||||||
|Proceeds from new bank loans||-||50,000||
|Repayment of bank loans||(9,021)||(7,099)||
|**Net cash (used in)/generated from financing**||||||
|**activities**|||(9,021)||42,901|
|**Net decrease in cash and cash equivalents**|||(15,045)||(51,802)|
|Cash and cash equivalents at beginning of year|||42,849||94,651|
|**Cash and cash equivalents at end of year**|||27,804||42,849|
- 8 -
## **ST LUKE'S CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **1 Accounting policies**
## **Charity information**
St Luke's Church is a private company limited by guarantee incorporated in England and Wales. The registered office is St Lukes Church, Carlton Road, Pontefract, West Yorkshire, WF9 2QQ, United Kingdom.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's [governing document], the Companies , Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
The charity had a negative net current asset position at the balance sheet date (liability of £34,446) and the trustees are aware that the availability of cash funds currently poses the biggest ongoing risk to the charity's going concern status.
However, in order to mitigate these concerns, in the year ended 31 March 2023 the trustees made the decision to close the charity's nursery premises at Barnsley Road, and consolidate all nursery activities at the charity's main community base on Carlton Road, which will increase operational efficiency.
The transfer of nursery staff and pupils to the refurbished site occurred in mid 2023 once all necessary consultations were 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 as noted above the Barnsley Road Nursery site will be shortly be sold with proceeds utilised to settle that borrowing and significantly replenish cash reserves and improve its current asset position.
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
- 9 -
## **ST LUKE'S CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **1 Accounting policies**
## **(Continued)**
## **Nursery fees**
Income relating to fees for attendance at the Charity's nursery is recognised by the Charity when the relevant nursery sessions have occurred and there is entitlement to the funds. Any fees billed to nursery clients in the period of these accounts but relating to sessions after the balance sheet date have been deferred and are included in creditors.
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
## **Raising funds**
Costs of generating funds are those costs incurred in attracting voluntary income and include the costs associated with fundraising activities.
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings 10% on cost and 2% on cost Plant and equipment 25% on reducing balance Fixtures and fittings 25% on reducing balance Computers 25% on cost
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
Expenditure on small items of equipment which are routinely replaced are written off to repairs and not capitalised.
## **1.7 Impairment of fixed assets**
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
## **1.8 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
- 10 -
## **ST LUKE'S CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **1 Accounting policies**
## **(Continued)**
## **1.9 Financial instruments**
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
## **1.10 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **1.11 Retirement benefits**
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
- 11 -
## **ST LUKE'S CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **2 Income from donations and legacies**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
Donations
10,494
-
Gift aid
33,001
-
Grants
394,233
-
Missions
-
357
437,728
357
**Grants receivable for core activities**
WMDC education funding 3
year olds
261,505
-
WMDC education funding 2
year olds
95,374
-
One-to-one
37,354
-
Government grants
-
-
394,233
-|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2023**
**2023**
**£**
**£**
**£**
10,494
8,710
-
33,001
46,859
-
394,233
401,022
-
357
-
734
438,085
456,591
734
261,505
227,616
-
95,374
127,848
-
37,354
44,058
-
-
1,500
-
394,233
401,022
-|**Total**
**2023**
**£**
8,710
46,859
401,022
734|
|---|---|---|
|||457,325|
|||227,616
127,848
44,058
1,500|
|||401,022|
## **WMDC education funding 3 year olds**
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.
## **WMDC education funding 2 year olds**
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.
## **One-to-One**
One to One funding is an award from Wakefield Metropolitan District Council (WMDC) towards the cost of staffing to assist children with additional needs.
- 12 -
## **ST LUKE'S CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **3 Income from charitable activities**
|||**Unrestricted**|**Unrestricted**|
|---|---|---|---|
|||**funds**|**funds**|
|||**2024**|**2023**|
|||**£**|**£**|
||**Nursery**|||
||Nursery fees|389,967|336,961|
||**Café**|||
||Sales income|8,289|8,454|
||**Let's Be Friends**|||
||Contributions|7,380|4,339|
|||405,636|349,754|
|**4**|**Income from other trading activities**|||
|||**Unrestricted**|**Unrestricted**|
|||**funds**|**funds**|
|||**2024**|**2023**|
|||**£**|**£**|
||Fundraising events|2,044|3,715|
||Rents received|1,404|1,359|
||Other trading activities|3,448|5,074|
|**5**|**Income from investments**|||
|||**Unrestricted**|**Unrestricted**|
|||**funds**|**funds**|
|||**2024**|**2023**|
|||**£**|**£**|
||Interest receivable|504|273|
- 13 -
## **ST LUKE'S CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **6 Other income**
||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2024**|**2023**|
||**£**|**£**|
|Net gain on disposal of tangible fixed assets|797|2,000|
|**Expenditure on raising funds**|||
||**Unrestricted**|**Unrestricted**|
||**funds**|**funds**|
||**2024**|**2023**|
||**£**|**£**|
|**Fundraising**|||
|Seeking donations, grants and legacies|874|4,137|
## **7 Expenditure on raising funds**
- 14 -
## **ST LUKE'S CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **8 Expenditure on charitable activities**
|**Direct costs**
Staff costs
Depreciation and impairment
Premises costs
Insurance
Advertising
Telephone, postage & stationery
Consumables & equipment
Ministry
Donations
Food & refreshments
HSA
Licenses
Subscriptions
Training
Missions
Bad debts
Mortgage & loan interest
**Share of support and governance costs (see note 9)**
Governance|**Nursery**
**2024**
**£**
648,039
3,994
43,250
8,606
-
10,551
8,209
-
484
22,346
-
2,389
2,609
1,523
-
8,167
-
760,167
2,904
763,071|**Church**
**2024**
**£**
35,393
163,979
8,188
-
545
1,337
5,698
732
757
44
360
638
5,174
-
-
-
15,760
238,605
17,426
256,031|**Other**
**2024**
**£**
-
1,553
5,757
-
-
1,252
607
-
1,156
6,853
-
-
-
-
457
-
-
17,635
415
18,050|**Total**
**2024**
**£**
683,432
169,526
57,195
8,606
545
13,140
14,514
732
2,397
29,243
360
3,027
7,783
1,523
457
8,167
15,760
1,016,407
20,745
1,037,152|**Nursery**
**2023**
**£**
593,602
3,524
55,777
5,515
11
10,264
15,862
-
235
20,897
-
119
3,631
1,616
-
7,728
-
718,781
7,042
725,823|**Church**
**2023**
**£**
75,397
66,400
11,930
-
1,715
2,308
11,674
199
778
-
377
940
6,001
416
-
-
9,646
187,781
1,839
189,620|**Other**
**2023**
**£**
-
1,779
6,982
-
-
1,122
24
-
-
5,919
-
-
50
-
676
-
-
16,552
162
16,714|**Total**
**2023**
**£**
668,999
71,703
74,689
5,515
1,726
13,694
27,560
199
1,013
26,816
377
1,059
9,682
2,032
676
7,728
9,646|
|---|---|---|---|---|---|---|---|---|
|||||||||923,114
9,043|
|||||||||932,157|
- 15 -
## **ST LUKE'S CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
|**Expenditure on charitable activities**
**Analysis by fund**
Unrestricted funds
Restricted funds|763,071
-
763,071|256,031
-
256,031|17,547
503
18,050|1,036,649
503
1,037,152|725,823
-
725,823|189,620
-
189,620|**(Continued)**
15,992
931,435
722
722
16,714
932,157|**(Continued)**
15,992
931,435
722
722
16,714
932,157|
|---|---|---|---|---|---|---|---|---|
|||||||||932,157|
## **8 Expenditure on charitable activities**
- 16 -
## **ST LUKE'S CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **9 Support costs allocated to activities**
|Governance costs
**Analysed between:**
Nursery
Church
Other
**Governance costs comprise:**
Independent Examiner's fee
Accountancy
Legal and professional
Finance charges
**10**
**Net movement in funds**
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial statements
Depreciation of owned tangible fixed assets
Impairment of owned tangible fixed assets
Profit on disposal of tangible fixed assets|**2024**
**£**
20,745
2,904
17,426
415
20,745
**2024**
**£**
650
5,230
13,616
1,249
20,745
**2024**
**£**
650
59,522
110,004
(797)|**2023**
**£**
9,043
7,042
1,839
162
9,043
**2023**
**£**
650
1,792
5,635
966
9,043
**2023**
**£**
650
71,703
-
(2,000)|
|---|---|---|
## **11 Trustees**
Remuneration was made to Rev M Sullivan of £29,107 (2023: £29,734) and Mrs J McMahon of £15,248 (2023: £12,379) 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. The aggregate amount paid is disclosed as trustee salaries in note 12.
No remuneration is paid to trustees in respect of their activities as trustees.
- 17 -
## **ST LUKE'S CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **12 Employees**
The average monthly number of employees during the year was:
|Charitable activities
**Employment costs**
Wages and salaries
Social security costs
Other pension costs|**2024**
**Number**
50
**2024**
**£**
648,046
26,448
8,938
683,432|**2023**
**Number**
54|
|---|---|---|
|||**2023**
**£**
636,218
24,818
7,963|
|||668,999|
There were no employees whose annual remuneration was more than £60,000.
## **13 Taxation**
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
## **14 Tangible fixed assets**
|**Freehold land**
**and buildings**
**£**
**Cost**
At 1 April 2023
1,820,308
Additions
17,652
Disposals
-
At 31 March 2024
1,837,960
**Depreciation and impairment**
At 1 April 2023
482,921
Depreciation charged in the year
28,448
Impairment losses
110,004
Eliminated in respect of disposals
-
At 31 March 2024
621,373
**Carrying amount**
At 31 March 2024
1,216,587
At 31 March 2023
1,337,387|**Plant and**
**equipment**
**Fixtures and**
**fittings**
**£**
**£**
53,208
130,162
-
6,375
(4,073)
(928)
49,135
135,609
47,638
112,216
1,377
5,162
-
-
(4,012)
(896)
45,003
116,482
4,132
19,127
5,570
17,946|**Computers**
**£**
246,381
3,323
-
249,704
197,841
24,535
-
-
222,376
27,328
48,540|**Total**
**£**
2,250,059
27,350
(5,001)|
|---|---|---|---|
||||2,272,408|
||||840,616
59,522
110,004
(4,908)|
||||1,005,234|
||||1,267,174|
||||1,409,443|
- 18 -
## **ST LUKE'S CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **14 Tangible fixed assets**
## **(Continued)**
More information on the impairment arising in the year is given in note 15.
## **15 Impairments**
Following the balance sheet date a contract for the sale of one of the charity's freehold properties was completed on 30 July 2024, subject to planning permission. Therefore the date of actual sale is still unknown. The active market value of the property per the contract is £250,000 and consequently the asset, which had a carrying value of £360,004 at 1 April 2023, has been impaired accordingly. The impairment losses as recognised in the statement of financial activities are:
|In respect of:
Freehold property
**16**
**Debtors**
**Amounts falling due within one year:**
Trade debtors
Other debtors
**17**
**Creditors: amounts falling due within one year**
**Notes**
Bank loans
**19**
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income
**18**
**Creditors: amounts falling due after more than one year**
**Notes**
Bank loans
**19**|**2024**
**£**
110,004
**2024**
**£**
33,497
2,066
35,563
**2024**
**£**
10,651
2,270
7,552
54,491
22,849
97,813
**2024**
**£**
163,263|**2023**
**£**
-|
|---|---|---|
|||**2023**
**£**
25,484
2,813|
|||28,297|
|||**2023**
**£**
10,927
3,318
13,257
3,854
18,204|
|||49,560|
|||**2023**
**£**
172,008|
- 19 -
## **ST LUKE'S CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
|**19**
**Loans and overdrafts**
Bank loans
Payable within one year
Payable after one year
Amounts included above which fall due after five years:
Payable by instalments|**2024**
**£**
173,914
10,651
163,263
101,032|**2023**
**£**
182,935|
|---|---|---|
|||10,927
172,008|
|||118,078|
Long-term loans include a mortgage loan secured by a fixed charge over certain of the charity's freehold properties. The total secured borrowings at the balance sheet date were £130,332 (2023: £134,263)
|**20**|**Retirement benefit schemes**|||
|---|---|---|---|
|||**2024**|**2023**|
||**Defined contribution schemes**|**£**|**£**|
||Charge to profit or loss in respect of defined contribution schemes|8,938|7,963|
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.
## **21 Restricted funds**
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
||**At**|**1**|**April 2023**|**Incoming**|**Resources**|**Transfers**|**At 31 March**|
|---|---|---|---|---|---|---|---|
|||||**resources**|**expended**||**2024**|
||||**£**|**£**|**£**|**£**|**£**|
|Missions|||58|357|(457)|42|-|
|Community Garden|||2,150|-|(46)|-|2,104|
||||2,208|357|(503)|42|2,104|
- 20 -
## **ST LUKE'S CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
|**21**
**Restricted funds**
**Previous year:**
**At 1**
Missions
Community Garden|**April 2022**
**£**
-
2,196
2,196|**Incoming**
**resources**
**£**
734
-
734|**Resources**
**expended**
**£**
(676)
(46)
722|**(Continued)**
**Transfers**
**At 31 March**
**2023**
**£**
**£**
-
58
-
2,150
-
2,208|
|---|---|---|---|---|
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.
## **22 Unrestricted funds**
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
|**At 1**
Designated - Freehold Property
General funds
**Previous year:**
**At 1**
Deisgnated - Freehold Property
Designated - The Shed (Youth
Centre)
General funds|**April 2023**
**£**
1,200,974
55,839
1,256,813
**April 2022**
**£**
1,178,368
1,087
199,238
1,378,693|**Incoming**
**resources**
**Resources**
**expended**
**£**
**£**
-
(39,069)
848,113
(998,454)
848,113
(1,037,523)
**Incoming**
**resources**
**Resources**
**expended**
**£**
**£**
-
(43,123)
-
(96)
813,692
(892,353)
813,692
935,572|**Transfers**
**At 31 March**
**2024**
**£**
**£**
(77,753)
1,084,152
77,711
(16,791)
(42)
1,067,361
**Transfers**
**At 31 March**
**2023**
**£**
**£**
65,729
1,200,974
(991)
-
(64,738)
55,839
-
1,256,813|
|---|---|---|---|
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. Transfers to this fund from the general fund represent the net change in the book value of the Charity's properties in the year (including any impairment losses), net of related mortgage borrowing.
- 21 -
## **ST LUKE'S CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **23 Analysis of net assets between funds**
|**Unrestricted**
**funds**
**2024**
**£**
**At 31 March 2024:**
Tangible assets
1,265,070
Current assets/(liabilities)
(34,446)
Long term liabilities
(163,263)
1,067,361
**Unrestricted**
**funds**
**2023**
**£**
**At 31 March 2023:**
Tangible assets
1,407,293
Current assets/(liabilities)
21,528
Long term liabilities
(172,008)
1,256,813|**Restricted**
**funds**
**2024**
**£**
2,104
-
-
2,104
**Restricted**
**funds**
**2023**
**£**
2,150
58
-
2,208|**Total**
**2024**
**£**
1,267,174
(34,446)
(163,263)
1,069,465
**Total**
**2023**
**£**
1,409,443
21,586
(172,008)
1,259,021|
|---|---|---|
## **24 Related party transactions**
In the year, the charity received £50,000 in respect of an interest-free loan from a church member who is also a relative of a staff member.
Repayment is due within 5 working days of receipt of funds from the sale of the charity's property at Barnsley Road. There is a reasonable expectation that this sale will be completed within 12 months of the balance sheet date so this loan has been included in Current Liabilities as an Other Creditor. The amount due at the balance sheet date was £50,000.
There were no other disclosable related party transactions during the year other than employee related remuneration as disclosed at note 11.
## **25 Limited By Guarantee**
The company is a private company limited by guarantee and consequently does not have share capital. Each of the members in liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation. At the balance sheet date there were 6 (2023:6) guaranteeing members.
- 22 -
## **ST LUKE'S CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
|**26**|**Cash generated from operations**||**2024**|**2023**|
|---|---|---|---|---|
||||**£**|**£**|
||Deficit for the year||(189,556)|(121,868)|
||Adjustments for:||||
||Investment income recognised in statement of financial activities||(504)|(273)|
||Gain on disposal of tangible fixed assets||(797)|(2,000)|
||Depreciation and impairment of tangible fixed assets||169,526|71,703|
||Movements in working capital:||||
||(Increase)/decrease in debtors||(7,266)|32,782|
||Increase/(decrease) in creditors||48,529|(1,125)|
||**Cash generated from/(absorbed by) operations**||19,932|(20,781)|
|**27**|**Analysis of changes in net (debt)/funds**||||
|||**At 1 April 2023**|**Cash flows**|**At 31 March 2024**|
|||**£**|**£**|**£**|
||Cash at bank and in hand|42,849|(15,045)|27,804|
||Loans falling due within one year|(10,927)|276|(10,651)|
||Loans falling due after more than one year|(172,008)|8,745|(163,263)|
|||(140,086)|(6,024)|(146,110)|
- 23 -