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← Love Stoke Church

2024-03-31-accounts

Company registration number: 06548592 Charity registration number: 1124003

Love Stoke Church

(A company limited by guarantee) Report and Financial Statements for the Year Ended 31 March 2024

Love Stoke Church

Contents

Reference and Administrative Details 1
Trustees' Report 2 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8 to 18
Love Stoke Church
Reference and Administrative Details
Trustees Robert Price
Emily Ruth Price
Doreen English
Phillip Harding
Karen Tullet
Robert Price
Secretary
Meir Park
Registered Office Community
Centre
Lysander Road,
Meir Park
Stoke On Trent
ST3 7TW
Company Registration Number The charity is incorporated in England.
Charity Registration Number 06548592
Solicitors: 1124003
Norwell Meller
24 Market Place
Burslem
Stoke-on-Trent
Bankers ST6 4AX
NatWest
46 High Street
Cheadle
Stoke-on-Trent
Independent Examiner ST10 1AQ
Daryl Denson
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 2024.

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 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 neighborhood 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 we have met on a Sunday morning and encouraged the people to get involved in their faith and journey with God. Advancing the Christian faith into our community has been expressed by how we love people and serve our community within the coffee shop. As a charity we are still investing and looking after people who suffer from heat poverty and have provided heat packs to over 120 people this winter Dec 23 to march 24. The Coffee shop has impact a cross section of society with a safe place to dwell and talk about spiritual health and wellbeing. The church leads many programs throughout the year which include a Sunday Morning meeting, also we have encouraged people to go and visit other places of worship within the city of Stoke when there is a 5[th] Sunday in the month as we do not meet on a Sunday that week. We engage with other churches and often have guest speakers in from the churches of Stoke On Trent.

We have also worked many hours this year in the community center getting ready for many groups who use the hall.

b) Furthering Christian Education

We have signed up the leadership of the church to Legacy Leadership which is an online and weekend training course for Christians in places of influence. We meet and run educational courses throughout the year plus online web seminars. A range of external speakers have been used from all over the World via Zoom

c) Relieving Need

As a church we are committed to helping those in need and are doing this through our members engaging in homeless projects in the city of Stoke On Trent, The coffee shop helps with loneliness, antisocial behavior, heat poverty, mental health and cohesion and a safe place for the youth. We have provided food to family who needed help. We also provide a warm space throughout the winter and provide food and a hot drink free to those in need.

d) Managing Facilities

In September we completed the tenth 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 that will run after the 15year lease finishes, this was needed as we required 10yrs on the lease to be accepted for some community grant.

The finances are run in the same way as we have done for the last 7 years. All community rentals are paid into the community center account under Love Stoke Church. The Charity pays all the bills and repairs and any improvements within the community center. A management charge is applied to the Community Centre account to reflect this.

The cabin has been used to hold mother and baby classes, adoption agencies and fostering agencies use it on a ad hoc basis.

The main community building is used for many activities within Meir Park, Slimming World, Community Choir, Over 55, karate, Sunday church 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

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. (If this occurred, we would sell the Portakabin which would release cash to temporary cover any shortfall in income or unexpected expenditure). The directors will endeavor not to set aside funds unnecessarily. At 31 March 2024 the charity had unrestricted reserves of £102,362.71

Page 3

Love Stoke Church

Trustees' Report (Incorporating the Directors' Report)

Plans for future periods

Aims and key objectives for future periods

We are looking to open the coffee shop 6 days a week in 2024 -25. This will 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 small groups that need a place to meet but do not necessarily need a large hall. We have made more refurbishment in the community hall this year with finishing the heating system and making the hall a warm and efficient place to upkeep.

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 fulfill 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 companies provision statement

This report has been prepared in accordance with the small companies regime under the Companies Act 2006.

The annual report was approved by the trustees of the charity on …………………. 13/12/24 and signed on its behalf by:

Robert Price Company secretary and trustee

Page 4

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 2024.

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:

  1. accounting records were not kept in respect of Love Stoke Church as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. 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

  4. 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.

Dudson Centre Hope Street Stoke-on-Trent ST1 5DD

13/12/24 Date:……………………..

Page 5

Love Stoke Church

Statement of Financial Activities for the Year Ended 31 March 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Note
Income and Endowments from:
Donations and legacies
3
Other trading activities
4
Total income
Expenditure on:
Charitable activities
5
Total expenditure
Net income/(expenditure)
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
15
Note
Income and Endowments from:
Donations and legacies
3
Other trading activities
4
Total income
Expenditure on:
Charitable activities
5
Total expenditure
Net income/(expenditure)
Transfer between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
15		 Unrestricted
funds
£
36,493
66,303
103,246
(121,298)
(121,298)
(18,052)
(18,052)
120,415
102,363
Unrestricted
funds
£
11,223
27,547
38,770
(29,522)
(29,522)
9,248
5,950
15,198
105,217
120,415		 Restricted
funds
£
-
-
-
-
-
-
-
Restricted
funds
£
15,700
-
15,700
-
15,700
(5,950)
9,750
(9,750)
-		 Total
2024
£
36,493
66.303
103,246
(121,298)
(121,298)
(18,052)
(18,052)
120,415
102,363
Total
2023
£
26,923
27,547
54,470
(29,522)
(29,522)
24,948
24,948
95,467
120,415

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2020 is shown in note 15.

The notes on pages 8 to 18 form an integral part of these financial statements. Page6

Love Stoke Church

(Registration number: 06548592) Balance Sheet as at 31 March 2024

2024 2023
Note £ £
Fixed assets
Tangible assets 11 93,989 115,654 93,989 115,654 93,989 115,654
Current assets
Debtors 12 2,7032,086 2,086 2,086
Cash at bank and in hand 13 9,254 3,035
11,957 5,121
Creditors: Amounts falling due within one year 14 (3,583) (3,583) (360)
Net current assets 8,373 4,761
Net assets 82,457 457
120		 120,415
Funds of the charity:
Restricted income funds
Restricted funds 15 - -
Unrestricted income funds
Unrestricted funds 102,363 120,415
Totalfunds 15
102,363		 102,363
120,415		 120,415

For the financial year ending 31 March 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

13/12/24 The financial statements on pages 6 to 18 were approved by the trustees, and authorized for issue on………………. and signed on their behalf by:

Robert Price Company secretary and trustee

The notes on pages 8 to 18 form an integral part of these financial statements. Page7

Love Stoke Church

Notes to the Financial Statements for the Year Ended 31 March 2024

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.

Exemption from preparing a cash flow statement

The charity opted to adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.

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.

Page 8

Love Stoke Church

Notes to the Financial Statements for the Year Ended 31 March 2024

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.

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.

Governance costs

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses.

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, the Board of Directors have agreed to increase the rate of depreciation in line with the end of the current lease (2028), so all assets will be written off before the new lease commences, as follows:

Asset class Depreciation method and rate
Equipment 20%
Vehicles 20%
Modular Building 20%
Building Improvements 20%

Page 9

Love Stoke Church

Notes to the Financial Statements for the Year Ended 31 March 2024

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.

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

Donations and legacies;
Donations from individuals
Gift aid reclaimed
Grants, including capital grants;
Government grants
Grants from other charities		 2024
£
16,443
20,500
36,943		 2023
£
9,747
1,676
15,000
500
26,923

Page 10

Love Stoke Church

Notes to the Financial Statements for the Year Ended 31 March 2024

4 Income from other trading activities

Sales of goods and services
Community events and rentals
Sales of goods and services
Community events and rentals		 Unrestricted
funds
General
£
44,308
21,994
66,303
Unrestricted
funds
General
£
12,622
14,925
27,547		 Total
2024
£
44,308
21,994
66,303
Total
2023
£
12,622
14,925
27,547

Page 11

Love Stoke Church

Notes to the Financial Statements for the Year Ended 31 March 2024

5 Expenditure on charitable activities

Note
Ministry
Gifts to Others
Conferences
Community Hall Facilities
Community Hall Maintenance
Bad Debt Provision
Community Hall Programmes
Insurance
Other
Depreciation, amortisation and other similar costs
Staff costs
Governance costs
6
Note
Ministry
Gifts to Others
Conferences
Community Hall Facilities
Community Hall Maintenance
Bad Debt Provision
Community Hall Programmes
Insurance
Other
Depreciation, amortisation and other similar costs
Staff costs
Governance costs
6		 Unrestricted
funds
General
£
4,665
-
-
24,357
13,807
-
208
846
35,980
23,435
18,000
-
121,298
Unrestricted
funds
General
£
275
50
180
11,391
3,882
-
22
706
11,376
-
1,640
-
29,522		 Restricted
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total
2024
£
4,665
-
-
24,357
13,807
-
208
846
35,980
23,435
18,000
-
121,298

Total
2023
£
275
50
180
11,391
3,882
-
22
706
11,376
-
1,640
-
29,522

Page 12

Love Stoke Church

Notes to the Financial Statements for the Year Ended 31 March 2024

6 Analysis of governance and support costs

Governance costs

Independent examiner fees
Examination of the financial statements
Independent examiner fees
Examination of the financial statements		 Unrestricted
funds
General
£
370
370
Unrestricted
funds
General
£
370
370		 Total
2024
£
370
370
Total
2023
£
370
370

7 Trustees remuneration and expenses

During the year the charity made the following transactions with trustees:

Robert Price

Robert Price invoiced adhoc as a consultant when funds were available £10,975 (2023: £82).

Emily Ruth Price

Emily Ruth Price received remuneration of £18,000 (2023: £1,312) 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:

Page 13

Love Stoke Church

Notes to the Financial Statements for the Year Ended 31 March 2024

Staff costs during the year were:
Wages and salaries
Pension costs		 2024
£
18,000
-
18,000		 2023
£
1,312
328
1,640

The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:

Staff 2024
No
2		 2023
No
2

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 14

Love Stoke Church

Notes to the Financial Statements for the Year Ended 31 March 2024

11 Tangible fixed assets
Cost
At 1 April 2023
Additions
At 31 March 2024
Depreciation
At 1 April 2023
Charge for the year
At 31 March 2024
Net book value
At 1 April 2023
At 31 March 2024
12 Debtors
Trade Debtors
Accrued income
13 Cash and cash equivalents
Cash at bank
14 Creditors: amounts falling due within one year
Other taxation and social security
Other creditors
Accruals		 2024
£
1,967
736
2.703
2024
£
9,254		 2024
£
128,345
1,770
130,115
(12,691)
(23,435)
(36,126)
115,654
93,989
2023
£
1,350
736
2,086
2023
£
3.035
7,913
2024
£
-
3,510
73
3,583		 3,764
2023
£
-
-
360
360

Page 15

Love Stoke Church

Notes to the Financial Statements for the Year Ended 31 March 2024

15 Funds
Balance at 1 Incoming Resources Transfers Balance at 31
April 2023 resources expended £ March 2024
£ £ £ £
Unrestricted funds
General
General fund 120,415 103,246 (121,298) 102,363
Total funds 120,415 103,246 (121.298) 102,363
Balance at 1 Incoming Resources Transfers Balance at 31
April 2022 resources expended £ March 2023
£ £ £ £
Unrestricted funds
General
General fund 105,217 52,520 (43,272) 5,950 120,415
Restricted
Other (9,750) 15,700 (5,950) -
Total funds 95,467 68,220 (43,272) - 120,415

Page 16

Love Stoke Church

Notes to the Financial Statements for the Year Ended 31 March 2024

16 Analysis of net assets between funds

16 Analysis of net assets between funds
Tangible fixed assets
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets		 Total funds at 31
March
2024
£
93,989
11,957
(3,583)
102,363

Total funds at 31
March
2023
£
115,654
5,121
(360))
120,415

17 Related party transactions

There were no related party transactions in the year.

Page 17

Love Stoke Church

Notes to the Financial Statements for the Year Ended 31 March 2024

18 Community Hall Income and Expenditure

ommunity Hall Income and Expenditure
Income
Community Hall rentals- community
Community Hall rentals- church
Expenditure
Management charge
Surplus/(deficit)		 2024
Total
2023
Total
21,994
14,925
5,760
5,760
27,754
23,216


27,618
23,280
27,618
23,280


136
1,136

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.

Page 18

Love Stoke Church 2024 Accounts

Final Audit Report

2024-12-13

Created: 2024-12-13 By: VAST Accounts (accounts@vast.org.uk) Status: Signed Transaction ID: CBJCHBCAABAAjG9lIxEOOnvE8sS3GQK5DeEVNstPIu6G

"Love Stoke Church 2024 Accounts" History

2024-12-13 - 6:06:37 PM GMT- IP address: 82.31.1.14

Signature Date: 2024-12-13 - 6:21:26 PM GMT - Time Source: server- IP address: 216.205.168.25

Document e-signed by Daryl Denson (daryl.denson@vast.org.uk)

Signature Date: 2024-12-13 - 6:28:52 PM GMT - Time Source: server- IP address: 82.31.1.14

Agreement completed.

2024-12-13 - 6:28:52 PM GMT