The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 March 2023.
Objectives and activities
Objects and aims
a) to advance the Christian faith in accordance with the statement of belief appearing in the Memorandum and Articles of Association in Stoke-on-Trent and the surrounding area and in such other parts of the United Kingdom and the World as the trustees may from time to time think fit and such other purposes which are exclusively charitable according to the law of England and Wales and are connected with the charitable work of the charity.
b) to further Christian education in such parts of Stoke-on-Trent and the surrounding area and in such other parts of the of the United Kingdom and World as the trustees may from time to time think fit.
c) to relieve persons who are in conditions of need or hardship or who are aged or sick or to relieve distress caused thereby in such parts of Stoke-on-Trent and the surrounding area and in such parts of the United Kingdom and the World as the trustees may from time to time think fit.
d) to provide and maintain facilities (whether purpose built Community Centre or otherwise) for the benefit of the community of Stoke-on-Trent and the surrounding neighbourhood which facilities may without limitation include the provision of child-care services and meetings, lectures and classes and other forms of education, recreation and leisure-time occupation without distinction of race, sex, political, religious or other opinion and with the object of improving the conditions of life for the said inhabitants as the Trustees may from time to time in their discretion determine.
To advance the Christian faith, to further Christian education, to relieve persons who are in condition of need and to provide and maintain facilities for the benefit of the community.
Public benefit
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Page 2
Love Stoke Church
Trustees' Report (Incorporating the Directors' Report) Achievements and performance
a) Advancing the Christian Faith
This year has been a year of completion and opening up of Love Coffee which opened up in November with the council, community partners and the church members being present. Advancing the Christian faith into our community has been done by the opening of the Christian coffee shop called “Love Coffee” at the community centre. As a charity we are still investing and looking at building the canopy outside to give dog walkers shelter and also for extra space in the summer as the coffee shop fills to capacity on some days. Love Coffee and the canopy will be safe places to dwell and talk about spiritual health and wellbeing. The church leads many programs throughout the year which include a Sunday Morning meeting in the hall. We engage with other churches and often have guest speakers in from the churches of Stoke On Trent.
We have been successful in our bid for a CIF grant from Stoke On Trent council. This allowed us to finish off the coffee shop and also equipe it.
b) Furthering Christian Education
We have signed up the leadership of the church to Legacy Leadership for another year, which is an online and weekend training course for Christians in places of influence. A range of external speakers have been used from all over the World. We have 3 members who attend this and have found it beneficial for their Christian education
c) Relieving Need
As a church we are committed to helping those in need and are doing this through our members engaging in Love Coffee and meeting our community to help with loneliness, help with antisocial behaviour by having a safe place for the youth. We have provided food to family who needed help, and have a pay forward scheme in place where people can purchase a heart and this then can be traded in for a free drink – this has proven very successful
d) Managing Facilities
In September we completed the ninth year of operating Meir Park Community Centre under a 15 year lease signed in 2013, again exceeding the performance measure contained within the lease. This continues to be a strong arm for our work in the community. We also signed another lease agreement for an additional 9 years in 2021 that will run after the 15year lease finishes, this was needed as we required 10yrs on the lease to be accepted for a community grant. At next years meeting with Stoke Council we will discuss the possibility of a 25 yr lease so we can apply for major capital investment within the hall.
The finances are run in the same way as we have done for the last 6 years. All community rentals are paid into the community centre account under Love Stoke Church. The Church also pays rental into this account for the time it uses within the hall. The Charity pays all the bills and repairs and any improvements within the community centre. A management charge is applied to the Community Centre account to reflect this. The Coffee Shop profit all goes into the main account
The cabin has been used to hold small groups.
The main community building is used for many activities within Meir Park, Slimming World, Over 55, karate and one-off local events.
We continue to be very active within community groups and with Stoke City Council, who are very supportive.
Robert and Emily Price are the Senior leaders of Love Stoke Church.
Financial review
See pages 6-15
Page 2
Love Stoke Church
Trustes’ Report (Incorporating the Directors’ Report)
Love Stoke Church
Trustees' Report (Incorporating the Directors' Report)
Policy on reserves
The directors have considered the level of reserves they deem wise to retain, appropriate to the charity’s needs. This is based on the charity’s size and level of financial commitments held. The directors 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 directors will endeavour not to set aside funds unnecessarily. At 31 March 2023 the charity had unrestricted reserves of £120,415.00
Plans for future periods
Aims and key objectives for future periods
We have finish the coffee shop and open its doors this year 2023. This has give us the hub to really link in with the community and build strong relationships both with young and old. We also look to open up the cabin for cooking and cake preparation groups that need a place to meet but do not necessarily need a large hall. We are looking to build a canopy alongside the coffee shop to add an outside covered area for dog walkers. Structure, governance and management
Nature of governing document
Love Stoke Church is a registered charity and a company limited by guarantee incorporated on 29th March 2008 and is governed by its Memorandum and Articles of Association. The charitable company was administered by the trustees, who are also directors for the purposes of company law and are listed on page 2.
Recruitment and appointment of trustees
Love Stoke Church selects known potential trustees to fulfil a specific role within the board to provide levels of expertise necessary for the oversight and guidance to comply with our role and responsibilities as a charity. Induction and training of trustees
To ensure that the potential trustee understands the role, guidance can be given including directing them to the Charity Commission's guidance for a well-run charity and guidance for a well-managed company. Risk Management
The directors have examined other operational and business risks which they face and confirm that they are able to mitigate the significant risks.
Small Company Provision
This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.
The annual report was approved by the trustees of the charity on 20[th] Oct 2022. and signed on its behalf by:
.........................................
Robert Price
Company Secretary and Trustee
Page 3
Love Stoke Church
Trustes’ Report (Incorporating the Directors’ Report)
Page 4
IA)ve Stoke Church Notes to the Financial Statements for the Year Ended 31 March 2023 l Accountlng p)llefi Summary of Slgnlfieaot polieles and key eeounllD8 estimtes The principal accountlng wlici¢s applied iti the preparatson of thes¢ fin8ncial stalements aTe sei out below. These policies have been consistently applied all the years presente4L ulll¢ss oth¢rwis¢ stated. Statement of compliD¢e The fjnancial 5tat¢nients have been prepared in [dance with Accouniing and Reporting by Charitie5'. Slaiemellt of R¢oonUnded Practice appltcabl¢ to ¢b8ri¢i¢s prepariDg their accounts in aeeordll1 wtth the Fin(tllLiaS Rcporting Standard applicable in the UK aThJ Republic of Ire]8nd IFRS 102) (effeciive l January 20191- (Charities SOIiP (FRS 102)), the Trinanci¢LI Reportill8 Standard applicable in the UK and Republie of Ireland {FRS 1021. They comply with the Companie5 Act 2006 Cbariiies Act 2011. BASIS of prepargtloD Love Stok¢ Church meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recOls¢d at historieal co¥t or trJnsactson value unless otherwise $tated in the relevant accountin8 policy not¢$. Golng concern The ftvstees Lonsid¢r that there are no material un¢¢rtain¢ies aih)ut the clwity's abibty to continue as u going concern nor any gi8nifi¢4nt areas of uncertathty that 4ff¢d the canyin8 value of assets held by th¢ ¢b4rity. Incom¢ tDdowmenlJ All income is reco8ni5ed on¢¢ the cbarity bas tItleMent to the income. it is probable th4t the income will be re¢eiv¢d and the amount of the iA¢otn¢ teceivable can be m¢&w r¢liably. l)onarfoRJ ondlrydcles Dotuiions are re¢ognis¢d wtrlen the charity has been notsfied in writing of both the amount and settlement date. In the evtni that 4 dO[tiOn is subjeci tr) eonditions that tequire a level of p¢rfonn8n¢e by the charity before the charity is entstled to the fund& the illcome is deferr1 and not re¢o8Dised unlil either those conditions Are fully met. or tlL¢ fvlfi]ment of those conditions is wholly withtt) the control of the clwity and Tt is probable that these Conditions will be fulfilled in th¢ r¢portin8 period. Grnnts reCeible Grants are reColS¢d when the charity has an eati¢ment to the fvnds JIKI any conditions linked to th¢ grants have been meL Where p¢rfornJance Conditio ar¢ wttaCh io the Brant and yet to be me¢ the in¢¢)me is recognised as a liability and includeoj on the bAiaoc¢ sheet as defaYeAI iticomc to be release Eipettditsre All expendk"tUTe 18 rognISed ott¢¢ theT¢ is a legal or COttStrLthve obligation to that exp¢ndittwe, il is probable settlement is required aDd the amount caD b¢ meaJd rcb"ably. All costs are allocated to the applic8ble ¢xpenditure beading thal aggregatc similar costs to that category. Where costs cannot be dtrectly attributed to particu18r headmgs they haye beetl allot¢%1 on a basis consi&trnt with th¢ use of resources. with central staff osts allocated on the basis of time spent, aDd deprlation charges all81 on th¢ poTron of the &s8¢t's use. Other 8UPPOrt eosts are allocated b&8ed on the spread of staff costs.
Love Stoke Church {Reglstratlon number: 06548592) Balance Sheet as at 31 March 2023 2023 2022 Note Flxed assets Tartgible assets 10 115.654 91.928 Current #8ts DebtOTS Cash at bank and in hand 2,086 1,303 3.925 5,228 12 5.121 Credltors: AmouTht5 f]lIng due wllhln one year 13 360 Net eurrent ets 4.761 Lyet asset& 120415 Funds of the eharlty: Restrlct¢d Income funds Re8tri¢t¢d lundb 14 {9,750) UnreJtrlrt¢d Ineijme fulldi UnrestriLd funds 120,415 105 217 Total 14 120413 For the fin&ncial year ending 31 Mor¢h 2023 the Lharity was entitled to exemption from audit under section 477 of th¢ Comp9nies ALt 2(106 r¢ldting io small L¢)mpdnies. Directors, Tesponsibilities.. The m¢mbtrs have not r¢quir¢d the charity to ob¢&in an wdit uf ily 8ccount8 for the year in question in ac¢ordan¢c with section 476; and The directors alknowledge their re$pon8ibilitie8 for complyin8 with th¢ requirements ol'the Act with respe¢t to accounting records and the preparation of accounts. The financial statements on pages 5 to 16 wer¢ ipproved by the trns¢e¢8, Ind authorised for issue on 16.1*AlaU.33 und signed OD their behalf by.. obert Price Company Sr¢tary and tnJstee The notes on pages 7 to 16 fomi an llltegr part olthe8e financial statement5. Page 6
Love Stoke Churekn Tru$teeg' Report Un¢orkKtrrathhg the Dlrectors. Report) AehievemeDts and perfonngnce a) Advancing the Christian Faith Thi5 year has been a year of completion and openin8 up of Love Coff¢¢ which op¢ned up in November with the council, community parners and the church tnernbers be ptesent. Advancing the Christian faith illlo our community has been done by the opening ofthe Clm'siign ¢offe¢ thop call"[A)ve Coffee" ai the community Lentre. As a charity we are still inv¢5ting 8Dd looking ai buildllw the c8nopy outside w give dog walkers sILelt¢r and also for extra space in the summer as the coff¢e shop fills to capacRty on some days. Lovc Coffce and the canopy will be safe places to dwell and tslk about Spiri81 healtb alld wellbeiti8. The church leads many progrJTn5 throughout th¢ y¢ar which include a Sunday Moming meding in the hall. W¢ ¢ngage with other churches and often have gu speakers in from the churches of Stoke On Tr¢nt. We have been suc¢es5ful in our bid for a CIF gT¥nt from ske On Trent council. This allowed us to finish off the coffee shop and also equipe IL bl Furthering Christian Education Wt h&ve Signed up the l¢ad¢rship of the church to Legaey Leadership for another year, which is an online und weekend tyaining course for Christians in places of influcnce. A rang¢ of external speakers have been used from all over thc World. We hAvc 3 members who attend thls and have found li beneficial for their Christian eduLdiion. ¢) R¢li¢ving Need As a ¥hurLh w¢ are committed to helping th08¢ in need Ènd are doiti8 this throu8h our member5 en8agin8 in Love Ci)fftt and meeting our Lonununity to b¢lp with loneliness. h¢lp with antsswia] behaviour by having 8af¢ place for thc youih. We have provid¢d food to family who needed help. artd have a pay fon¥ard scheme in place where pwpl¢ can purchase a heart and this then Can traded in for a fTee (IritJk- thi5 h&$ proven very successful. d) MagIng Facilities In S¢ptember we compleied the ninth year of operatin8 M¢ir Park Community Centre under 8 15 y¢wr1¢8s¢ signed in 2013. again ex¢eedin8 the wformance mwure contained within the lease. This con¢inues to be 5troThg ann for our work in the community. We a]50 5ign¢d anoth¢r le&% agrem¢nt for an #dditional 9 y¢ar5 in 2021 that will run after the 15year le finish&8. this was needed as we Tequirnj IOyr8 on the lease to be accepted for 8 conllnunity 8f8Dt. At next years meetin8 with Stoke Council we will discuss the possibtlity of a 25 yr lease so we can apply for major capitsl inves(tneni within the ball. The finances atr run in the same way as we have done for the1&8t 6 years. All community rentals are paid into the community centre account Under Love Stoke Church. The Church also pays rentsl into this account for the time il uses within th¢ h811. Th¢ Cl)8rity p4y8 8]1 ¢h¢ bills and r¢pair5 and pny improv¢m¢nts within the Community c¢ntT¢. A m8n8getnent charge 15 apphed to the Community ctre accouni to refi#t tbis. The Coffee shop profit all goes into the main accounL The cabin has bn used to bold small wps. The main comtllunity building is used for nM]y activities within Meir Par< Sllnlling Worl4 OVK 55. karat¢ and one-off local events. We continue to be very activ¢ withm Community groups and with Stoke City Council. who are very supportive. Robert and Emily Price are tbe Senior leadeTS of Love Stoke ChvTCh. Financial revlew See pag&s 6-15 Page 3
Love Stoke Churcb Trustees. Report (IDcorporatlng the D&re£tors' Rewtrrt) Policy oh reserves The directors have Considered the level of reserves they deem wise to retain. appropriate to the charity's neals. Thi5 is based on the charity's size and level of finan¢ial commitmcnts beld. The dir¢¢tOPth aim to ensur¢ the Charity will be able io continue to fulfil its ¢haritsble objectives even if there is a iemporary thortfall in intu)me or un¢xpccl¢d expcnditur¢. The directOTS will endeavour not to sei aside fitnds unnece55aTily. At 31 March 2023 th¢ charity had unrestricted r¢seryes of £120.415 {2022 £95.467). The level of free reserves was £4,761 (2022 £3,539). PlaDS for futsre perlods Alms Ahdkey obie¢livesforfvMreptho&Y We finished the Loffec shop and op¢n¢d its doors this year 2023. Thi% has given us the hub to really link in with the community and build strong relationships both with young and old. We also look to open up the cabin for cookin8 and th pr¢paTation 8roups that nttd a place to rneet but do not necessarily need a iar8e hall. W¢ are lookll to build a ¢aoopy alongside th¢ coffee sbop to athj an outside cijv¢rwJ lor dog walkers. Structur4 governaDee nd mang¢m¢nt Nature ofgovernlng d&euiNeNr Love Stoke Church is a registered charity and a company limi*d by gU8Tatt iti¢oTpOrat on 29th March 2008 and is govemed by its Memorandum and A.¢1¢$ of Associ81ion. The Lhttritable company was adtninistered by the tJustee& who are also direetors for the purposes of ¢OTX)P8ny law attd #re listed oll page 2. Réepultmemi PoIntmen1 oftr¥ste¢s Lov¢ Stok¢ Chutch 5elxts knowTA POt¢D¢ial to fulfil a specific role within ¢he boatd to provide levels of expertise necessary for the oversight and 8uidance to comply with our role and responsibilities as a charity. To ensure that the potential trustee understands the role. guidance con be given including dtrecting th¢m the Charity Commission's guiilanc¢ for 8 w¢ll-run tharity guidanrx for a w¢11-mged mpally. Rljk M&nwgem¢nt The directors have examined other operntional and business risks wbicb they face and confirm that they are ftble to mitigate the stlfIcant risks. Small Comp4lly Provljloll This report has been prepar)1 in a¢[de with th¢ 5p¢¢io1 provisions for small wmpanies Und Part 15 of th¢ Comp8ni¢$ A¢t 2006. nu81 report W88 8ppTov by th¢ truste¢s of the ¢lJarity on 2 Oct 2022. and si1 on it5 behalf by.. Robert Pric¢ Company Secretary and Tn Page 3
Company registration number: 06548592 Charity registration number: 1124003
Love Stoke Church
(A company limited by guarantee) Annual Report and Financial Statements
for the Year Ended 31 March 2023
Daryl Denson ACMA Dudson Centre Hope Street Stoke-on-Trent ST1 5DD
Love Stoke Church
Contents
| Contents | |
|---|---|
| Reference and Administrative Details | 1 |
| Trustees' Report | 2 to 3 |
| Independent Examiners Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7 to 16 |
Love Stoke Church
Reference and Administrative Details
Trustees
Robert Price Emily Ruth Price Christopher Pointer Phillip Harding
Secretary
Robert Price
Registered Office
Meir Park Community Centre Lysander Road Meir Park Stoke on Trent ST3 7TW
The charity is incorporated in England.
Company Registration Number 06548592
Charity Registration Number 1124003
Solicitors:
Norwell Meller 24 Market Place Burslem Stoke-on-Trent ST6 4AX
Bankers
NatWest 46 High Street Cheadle Stoke-on-Trent ST10 1AQ
Independent Examiner Daryl Denson ACMA Dudson Centre Hope Street Stoke-on-Trent ST1 5DD
Page 1
Love Stoke Church
Trustees' Report (Incorporating the Directors' Report)
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 March 2023.
Objectives and activities
Objects and aims
a) to advance the Christian faith in accordance with the statement of belief appearing in the Memorandum and Articles of Association in Stoke-on-Trent and the surrounding area and in such other parts of the United Kingdom and the World as the trustees may from time to time think fit and such other purposes which are exclusively charitable according to the law of England and Wales and are connected with the charitable work of the charity.
b) to further Christian education in such parts of Stoke-on-Trent and the surrounding area and in such other parts of the of the United Kingdom and World as the trustees may from time to time think fit.
c) to relieve persons who are in conditions of need or hardship or who are aged or sick or to relieve distress caused thereby in such parts of Stoke-on-Trent and the surrounding area and in such parts of the United Kingdom and the World as the trustees may from time to time think fit.
d) to provide and maintain facilities (whether purpose built Community Centre or otherwise) for the benefit of the community of Stoke-on-Trent and the surrounding neighbourhood which facilities may without limitation include the provision of child-care services and meetings, lectures and classes and other forms of education, recreation and leisure-time occupation without distinction of race, sex, political, religious or other opinion and with the object of improving the conditions of life for the said inhabitants as the Trustees may from time to time in their discretion determine.
To advance the Christian faith, to further Christian education, to relieve persons who are in condition of need and to provide and maintain facilities for the benefit of the community.
Public benefit
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Page 2
Love Stoke Church
Trustees' Report (Incorporating the Directors' Report)
Achievements and performance
a) Advancing the Christian Faith
This year has been a year of completion and opening up of Love Coffee which opened up in November with the council, community partners and the church members being present. Advancing the Christian faith into our community has been done by the opening of the Christian coffee shop called “Love Coffee” at the community centre. As a charity we are still investing and looking at building the canopy outside to give dog walkers shelter and also for extra space in the summer as the coffee shop fills to capacity on some days. Love Coffee and the canopy will be safe places to dwell and talk about spiritual health and wellbeing. The church leads many programs throughout the year which include a Sunday Morning meeting in the hall. We engage with other churches and often have guest speakers in from the churches of Stoke On Trent.
We have been successful in our bid for a CIF grant from Stoke On Trent council. This allowed us to finish off the coffee shop and also equipe it.
b) Furthering Christian Education
We have signed up the leadership of the church to Legacy Leadership for another year, which is an online and weekend training course for Christians in places of influence. A range of external speakers have been used from all over the World. We have 3 members who attend this and have found it beneficial for their Christian education.
c) Relieving Need
As a church we are committed to helping those in need and are doing this through our members engaging in Love Coffee and meeting our community to help with loneliness, help with antisocial behaviour by having a safe place for the youth. We have provided food to family who needed help, and have a pay forward scheme in place where people can purchase a heart and this then can be traded in for a free drink – this has proven very successful.
d) Managing Facilities
In September we completed the ninth year of operating Meir Park Community Centre under a 15 year lease signed in 2013, again exceeding the performance measure contained within the lease. This continues to be a strong arm for our work in the community. We also signed another lease agreement for an additional 9 years in 2021 that will run after the 15year lease finishes, this was needed as we required 10yrs on the lease to be accepted for a community grant. At next years meeting with Stoke Council we will discuss the possibility of a 25 yr lease so we can apply for major capital investment within the hall.
The finances are run in the same way as we have done for the last 6 years. All community rentals are paid into the community centre account under Love Stoke Church. The Church also pays rental into this account for the time it uses within the hall. The Charity pays all the bills and repairs and any improvements within the community centre. A management charge is applied to the Community Centre account to reflect this. The Coffee Shop profit all goes into the main account.
The cabin has been used to hold small groups.
The main community building is used for many activities within Meir Park, Slimming World, Over 55, karate and one-off local events.
We continue to be very active within community groups and with Stoke City Council, who are very supportive.
Robert and Emily Price are the Senior leaders of Love Stoke Church.
Financial review
See pages 6-15
Page 3
Love Stoke Church
Trustees' Report (Incorporating the Directors' Report)
Policy on reserves
The directors have considered the level of reserves they deem wise to retain, appropriate to the charity’s needs. This is based on the charity’s size and level of financial commitments held. The directors 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 directors will endeavour not to set aside funds unnecessarily. At 31 March 2023 the charity had unrestricted reserves of £120,415 (2022 £95,467). The level of free reserves was £4,761 (2022 £3,539).
Plans for future periods
Aims and key objectives for future periods
We finished the coffee shop and opened its doors this year 2023. This has given us the hub to really link in with the community and build strong relationships both with young and old. We also look to open up the cabin for cooking and cake preparation groups that need a place to meet but do not necessarily need a large hall. We are looking to build a canopy alongside the coffee shop to add an outside covered area for dog walkers.
Structure, governance and management
Nature of governing document
Love Stoke Church is a registered charity and a company limited by guarantee incorporated on 29th March 2008 and is governed by its Memorandum and Articles of Association. The charitable company was administered by the trustees, who are also directors for the purposes of company law and are listed on page 2.
Recruitment and appointment of trustees
Love Stoke Church selects known potential trustees to fulfil a specific role within the board to provide levels of expertise necessary for the oversight and guidance to comply with our role and responsibilities as a charity.
Induction and training of trustees
To ensure that the potential trustee understands the role, guidance can be given including directing them to the Charity Commission's guidance for a well-run charity and guidance for a well-managed company.
Risk Management
The directors have examined other operational and business risks which they face and confirm that they are able to mitigate the significant risks.
Small Company Provision
This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.
The annual report was approved by the trustees of the charity on 20[th] Oct 2022. and signed on its behalf by:
.........................................
Robert Price
Company Secretary and Trustee
Page 3
Love Stoke Church
Independent Examiner's Report to the trustees of Love Stoke 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 Love Stoke Church 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
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 Love Stoke Church 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.
...................................... Daryl Denson ACMA
Dudson Centre Hope Street Stoke-on-Trent ST1 5DD
06/12/2022 Date:.............................
Page 6
Love Stoke Church
Statement of Financial Activities for the Year Ended 31 March 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
| Unrestricted Total |
|
|---|---|
| funds Restricted funds 2023 |
|
| Note | £ £ £ |
| Income and Endowments from: | |
| Donations and legacies 3 |
11,223 15,700 26,923 |
| Other tradingactivities 4 |
27,547 - 27,547 |
| Total income | |
| 38,770 15,700 54,470 |
|
| Expenditure on: | |
| Charitable activities 5 |
(29,522) - (29,522) |
| Total expenditure | |
| (29,522) - (29,522) |
|
| Net income | |
| 9,248 15,700 24,948 |
|
| Transfers between funds | |
| 5,950 (5,950) - |
|
| Net movement in funds | |
| 15,198 9,750 24,948 |
|
| Reconciliation of funds | |
| Total funds brought forward | |
| 105,217 (9,750) 95,467 |
|
| Total funds carried forward 14 |
|
| 120,415 - 120,415 |
|
| Unrestricted Total |
|
| funds Restricted funds 2022 |
|
| Note | £ £ £ |
| Income and Endowments from: | |
| Donations and legacies 3 |
12,692 19,075 31,767 |
| Other tradingactivities 4 |
11,231 - 11,231 |
| Total income | |
| 23,923 19,075 42,998 |
|
| Expenditure on: | |
| Charitable activities 5 |
(29,988) - (29,988) |
| Total expenditure | |
| (29,988) - (29,988) |
|
| Net (expenditure)/income | |
| (6,065) 19,075 13,010 |
|
| Transfers between funds | 9,750 (9,750) - |
| Net movement in funds | |
| 3,685 9,325 13,010 |
|
| Reconciliation of funds | |
| Total funds brought forward | |
| 82,457 - 82,457 |
|
| Total funds carried forward 14 |
|
| 86,142 9,325 95,467 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2022 is shown in note 14.
The notes on pages 7 to 16 form an integral part of these financial statements.
Page 5
Love Stoke Church
(Registration number: 06548592) Balance Sheet as at 31 March 2023
| 2023 2022 |
|
|---|---|
| Note | £ £ |
| Fixed assets | |
| Tangible assets 10 |
115,654 91,928 |
| Current assets | |
| Debtors 11 |
2,086 1,303 |
| Cash at bank and in hand 12 |
3,035 3,925 |
| 5,121 5,228 |
|
| Creditors: Amounts falling due within oneyear 13 |
|
| (360) (1,689) |
|
| Net currentassets | |
| 4,761 3,539 |
|
| Netassets | |
| 120,415 95,467 |
|
| Funds of the charity: | |
| Restricted income funds | |
| Restricted funds 14 |
- (9,750) |
| Unrestricted income funds | |
| Unrestricted funds | 120,415 105,217 |
| Total funds 14 |
|
| 120,415 95,467 |
For the financial year ending 31 March 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements on pages 5 to 16 were approved by the trustees, and authorised for issue on .................... and signed on their behalf by:
......................................... Robert Price Company secretary and trustee
The notes on pages 7 to 16 form an integral part of these financial statements. Page 6
Love Stoke Church
Notes to the Financial Statements for the Year Ended 31 March 2023
1 Accounting policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
The financial statements have been prepared in accordance with 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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act 2011.
Basis of preparation
Love Stoke Church meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
Income and endowments
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.
Donations and legacies
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
Grants receivable
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Page 7
Love Stoke Church
Notes to the Financial Statements for the Year Ended 31 March 2023
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Government grants
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Tangible fixed assets for use by the charity.
Substantial items are capitalised if they can be used for more than one year and will have continued value. They are valued at cost or, if gifted, at the value to the charity on receipt.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life on a straight line basis as follows:
| Asset class | Depreciation method and rate |
|---|---|
| Equipment | 25% |
| Vehicles | 25% |
| Modular Building | 5% |
| Building Improvements | 5% |
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Page 8
Love Stoke Church
Notes to the Financial Statements for the Year Ended 31 March 2023
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
2 Charity status
The charity is limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £10 towards the assets of the charity in the event of liquidation.
3 Income from donations and legacies
| 3 Income from donations and legacies |
|
|---|---|
| Unrestricted | |
| funds Restricted Total |
|
| General funds 2023 |
|
| £ £ £ |
|
| Donations and legacies; | |
| Donations from individuals | 9,547 200 9,747 |
| Gift aid reclaimed | 1,676 - 1,676 |
| Grants, including capital grants; | |
| Government grants | - 15,000 15,000 |
| Grants from other charities | - 500 500 |
| 11,223 15,700 26,923 |
|
| Unrestricted | |
| funds Restricted Total |
|
| General funds 2022 |
|
| £ £ £ |
|
| Donations and legacies; | |
| Donations from individuals | 10,484 - 10,484 |
| Gift aid reclaimed | 2,208 - 2,208 |
| Grants, including capital grants; | |
| Governmentgrants | - 19,075 19,075 |
| 12,692 19,075 31,767 |
Page 9
Love Stoke Church
Notes to the Financial Statements for the Year Ended 31 March 2023
4 Income from other trading activities
| 4 Income from other trading activities |
|
|---|---|
| Unrestricted | |
| funds Total |
|
| General 2023 |
|
| £ £ |
|
| Trading income; | |
| Sales of goods and services | 12,622 12,622 |
| Communityevents and rentals | 14,925 14,925 |
| 27,547 27,547 |
|
| Unrestricted | |
| funds Total |
|
| General 2022 |
|
| £ £ |
|
| Communityevents and rentals | 11,231 11,231 |
| 11,231 11,231 |
Page 10
Love Stoke Church
Notes to the Financial Statements for the Year Ended 31 March 2023
5 Expenditure on charitable activities
| 5 Expenditure on charitable activities |
|
|---|---|
| Unrestricted | |
| funds Total |
|
| General 2023 |
|
| Note | £ £ |
| Ministry | 275 275 |
| Gifts to Others | 50 50 |
| Conferences | 180 180 |
| Community Hall Facilities | 11,391 11,391 |
| Community Hall Maintenance | 3,882 3,882 |
| Community Hall Programmes | 22 22 |
| Insurance | 706 706 |
| Other | 11,376 11,376 |
| Staff costs | 1,640 1,640 |
| 29,522 29,522 |
|
| Unrestricted | |
| funds Total |
|
| General 2022 |
|
| Note | £ £ |
| Ministry | 347 347 |
| Conferences | 1,030 1,030 |
| Community Hall Facilities | 5,458 5,458 |
| Community Hall Maintenance | 844 844 |
| Community Hall Programmes | 22 22 |
| Insurance | 1,185 1,185 |
| Other | 1,012 1,012 |
| Depreciation, amortisation and other similar costs | 2,384 2,384 |
| Staff costs | 17,706 17,706 |
| 29,988 29,988 |
Page 11
Love Stoke Church
Notes to the Financial Statements for the Year Ended 31 March 2023
6 Government grants
£15,000 was (2022: £19,075) received from Stoke-on-Trent City Council and £nil (2022: £1,766) from HMRC as part of the CJRS.
The amount of grants recognised in the financial statements were £15,000 (2022 - £19,075). There were no unfulfilled conditions.
No other forms of government assistance were received.
7 Trustees remuneration and expenses
During the year the charity made the following transactions with trustees:
Robert Price received remuneration of £273 (2022 £3,280) during the year in his role as senior leader.
Emily Price received remuneration of £820 (2022 £9,840) during the year in her role as senior leader.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
8 Staff costs
The aggregate payroll costs were as follows:
| 2023 2022 |
|
|---|---|
| £ £ |
|
| Staff costs during the year were: | |
| Wages and salaries | 1,312 16,394 |
| Pension costs | 328 1,312 |
| 1,640 17,706 |
No employee received emoluments of more than £60,000 during the year.
9 Taxation
The charity is a registered charity and is therefore exempt from taxation.
Page 12
Love Stoke Church
Notes to the Financial Statements for the Year Ended 31 March 2023
10 Tangible fixed assets
| 10 Tangible fixed assets |
|
|---|---|
| Land and buildings Total |
|
£ £ |
|
| Cost | |
| At 1 April 2022 | 104,618 104,618 |
| Additions | 23,727 23,727 |
| At 31 March 2023 | 128,345 128,345 |
| Depreciation | |
| At 1 April 2022 | 18,124 18,124 |
| Charge for theyear | (5,433) (5,433) |
| At 31 March 2023 | 12,691 12,691 |
| Net book value | |
| At 31 March 2023 | 115,654 115,654 |
| At 31 March 2022 | 86,494 86,494 |
| 11 Debtors |
|
| 2023 2022 |
|
| £ £ |
|
| Trade debtors | 1,350 850 |
| Accrued income | 736 453 |
| 2,086 1,303 |
|
| 12 Cash and cash equivalents |
|
| 2023 2022 |
|
| £ £ |
|
| Cash at bank | 3,035 3,925 |
| 13 Creditors: amounts falling due within one year |
|
| 2023 2022 |
|
| £ £ |
|
| Other creditors | - 669 |
| Accruals | 360 1,020 |
| 360 1,689 |
Page 13
Love Stoke Church
Notes to the Financial Statements for the Year Ended 31 March 2023
| 14 Funds |
|
|---|---|
| Balance at 1 Incoming Resources Balance at 31 |
|
| April 2022 resources expended Transfers March 2023 |
|
£ £ £ £ £ |
|
| Unrestricted funds | |
| General | |
| General fund | 105,217 52,520 (43,272) 5,950 120415 |
| Restricted funds | |
| Other | (9,750) 15,700 - (5,950) - |
| Total funds | 95,467 68,220 (43,272) - 120,415 |
| Balance at 1 Incoming Resources Balance at 31 |
|
| April 2021 resources expended Transfers March 2022 |
|
£ £ £ £ £ |
|
| Unrestricted funds | |
| General | |
| General fund | 82,457 42,998 (29,988) 9,750 105,217 |
| Restricted | |
| Other | - - - (9,750) (9,750) |
| Total funds | |
| 82,457 42,998 (29,988) - 95,467 |
Page 14
Love Stoke Church
Notes to the Financial Statements for the Year Ended 31 March 2023
15 Analysis of net assets between funds
| 15 Analysis of net assets between funds |
|||
|---|---|---|---|
| Unrestricted | Total funds | at 31 | |
| funds | March | ||
| General | 2023 | ||
| £ | £ | ||
| Tangible fixed assets | 115,654 | 115,654 | |
| Current assets | 5,121 | 5,121 | |
| Current liabilities | (360) | (360) | |
| Total net assets | 120,415 | 120,415 | |
| Unrestricted | Total funds | at 31 | |
| funds | March | ||
| General | 2022 | ||
| £ | £ | ||
| Tangible fixed assets | 91,928 | 91,928 | |
| Current assets | 5,228 | 5,228 | |
| Current liabilities | (1,689) | (1,689) | |
| Total net assets | 95,467 | 95,467 |
16 Related party transactions
There were no related party transactions in the year.
Page 15
Love Stoke Church
Notes to the Financial Statements for the Year Ended 31 March 2023
17. Community Hall Income and Expenditure
The management charge is charged to the hall by the charity to cover the costs of running the hall. This includes utilities, cleaning, maintenance and the time and resources for management of the hall. The church pays rental income to the hall. These transactions are reflected in separate Community Hall bank account.
The management charge and church hall rental are internally generated income and expenditure charges. They net off in the overall accounts, but are shown here to show the income and expenditure specifically relating to the Community Hall.
he Community Hall. |
|
|---|---|
| Income Community Hall rentals- community Community Hall rentals- church Government Covid support grants Interest received Expenditure Management charge Surplus/(deficit) |
31-Mar-23 Total 31-Mar-22 Total 14,925 11,231 5,760 960 - 8,000 - 3 |
| 20,685 20,194 |
|
| 20,260 22,056 |
|
| 20,260 22,056 |
|
| 425 (1,862) |
Page 16