Company registration number: 07419682 Charity registration number: 1139459 ## Faith In Queens Park (A company limited by guarantee) Annual Report and Financial Statements for the period from 1 January 2022 to 30 June 2023 Community Accounting Plus Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL ## **Faith In Queens Park** ## **Contents** |Reference and Administrative Details|1| |---|---| |Trustees' Report|2 to 8| |Independent Examiner's Report|9| |Statement of Financial Activities|10 to 11| |Balance Sheet|12| |Notes to the Financial Statements|13 to 17| ## **Faith In Queens Park** ## **Reference and Administrative Details** **Trustees** M Jackson R Ward A Hussain R Lambert J Singh Dhillon **Secretary** R Ward **Senior Management Team** N S Turner Until 1/2/2023 **Charity Registration Number** 1139459 **Company Registration Number** 07419682 **Registered Office** All Saints Parish Church Westbourne Road Bedford Bedfordshire MK40 4LD **Independent Examiner** John O'Brien, employee of Community Accounting Plus Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL Page 1 ## **Faith In Queens Park** ## **Trustees' Report** ## **Trustees and officers** The trustees and officers serving during the year and since the year end were as follows: Trustees: M Jackson R Ward J Johnson (resigned 31 December 2023) A Hussain R Lambert J Singh Dhillon (appointed 5 January 2022) Secretary: R Ward ## **Structure, governance and management** ## _**Nature of governing document**_ The charity is a company limited by guarantee and registered charity. It is operated under the rules of its memorandum and articles of association dated 26/10/2010. It has no share capital and the liability of each member in the event of winding-up is limited to £10. ## _**Recruitment and appointment of trustees**_ The Charity evolved from the activities of various community groups in Queen's Park, Bedford, England and trustees are selected as appropriate from these groups. Two trustees are nominated by All Saints Parish Church and co-opted onto the board. The other trustees are identified by the serving trustees from the volunteer and parent community and local Mosque and Gurdwara, who are wiling to serve and fulfill a particular role and meet the eligibility criteria. ## **Objectives and activities** ## _**Objects and aims**_ Faith in Queen’s Park (FiQP) is a charitable company limited by guarantee (charity no 1139459; company no 07419682) that promotes religious and racial harmony, citizenship and community development in the neighbourhood of Queen’s Park in Bedford, England. We fulfill our remit through a number of community activities and projects, including youth sports (cricket, basketball and streetball), music and culture (Fusion youth singing) and religious and educational (Faith Tours of the local places of worship of Muslim, Sikh and Christian faiths). ## **Achievements and performance** ## **Faith in Queens Park - Trustees Report - 2022 – 2023** Reopen after Covid – having only just managed to keep some projects going during Covid, largely due to a temporary Community Projects Coordinator (Bridie, for a few months of 2021), and the volunteer efforts of Trustees and project group management committees, 2022 was the year when FiQP got everything going again. Page 2 ## **Faith In Queens Park** ## **Trustees' Report** Trustees – The Cranfield Review of 2020 had identified that we needed a Trustee from the Gurdwara. This was achieved by Jaswinder Singh Dhillon agreeing to join as a Trustee. Community Projects Coordinator – our newly appointed 3-days a week Co-ordinator, Sara (of Nov 2021) helped to re-establish FiQP projects after Covid. In particular she helped us to get Faith Tours going again. It became clear as the year progressed and normal activity resumed after Covid that we needed more central support than 3 days to enable the other projects to flourish, as Faith Tours took up the equivalent of one day a week. In fact, the Co-ordinator herself was certified sick for a large part of the year; this meant that the Trustees had to step in as volunteers to keep projects going, and the previous volunteer Faith Tours Administrator (Debbie) had to pick up the reins again. This, together with the Trustee supervising and general Trustee and fundraising roles, was very tiring and time-consuming. ## Projects and Fundraising Cricket – The January 2022 season saw significant participation, with over 50 individuals joining coaching sessions, indicating a healthy and engaged community. Our U9s won their league showing some excellent upcoming talent at the club. The U13s saw a steady start to the season but eventually showing their winning ways. In March 2022, the club made strides in coaching diversity with two female Level one coaches and three teenagers stepping up as Support coaches, enriching the coaching team and fostering youth leadership opportunities. The season end in July 2022 gave all the volunteers a well earned break from giving up their weekends to give to the community. In August 2022, the club organised a memorable outing to Northampton Cricket Club, treating participants to a First-class cricket experience, enhancing their connection to the sport. September 2022 marked a significant recognition for Faheem Mahmood, who received the Young Leaders Award for Outstanding Service to Cricket, highlighting the club's commitment to nurturing talent and leadership. At the end of the year, we were successful in our bid to the Bedfordshire and Luton Community Fund (BLCF) for ‘Stability Funding’ (post covid stream) for a 2 year Wellness project throughout FiQP, which was to be devised and piloted in our cricket project the following spring. In January 2023, the club launched winter training sessions, with a notable addition of Mental Health and Wellbeing support, demonstrating a holistic approach to player development and care. February 2023 saw Abid Hussain's impactful trip to Kenya with Cricket without Boundaries, where cricket was used as a platform to deliver crucial health messages to children, showcasing the club's global outreach and commitment to social responsibility. The season's success was evident with all teams in the U9s, U11s, and U13s securing victories, underscoring the effectiveness of the club's training programs and coaching efforts. Overall, Queen's Park Cricket Club's initiatives and achievements during this period reflect a vibrant and inclusive community dedicated to cricket development and social impact. Basketball – 2022 was filled with lots of optimism, excitement and new challenges, as it was the first time we had returned back full term to face-to-face sessions. The continued support of parents, players, committee members and anyone associated with the club remained as strong as ever. Before our first session back the steering committee members got together to plan for the year ahead; this involved discussing topics on; the cost of the sessions, the timing of each session, player numbers and general feedback about the structure of sessions. Upon return, it is safe to say that player numbers were relatively good, particularly within the junior session where these numbers had seemingly grown; clearly, parents were talking about the club. Basketball was back and it was a remarkable sight, however there was a slight concern with the low number of female players at the club. Therefore, during a steering committee meeting a real focus was put on the branding of the club, its social media presence and for a focus to be put on attracting more girls to the sport/club. This focus was successful as we currently have more girls playing at the club and continue to encourage more girls to play. Our social media presence has also improved drastically with regular posts and important information being shared with anyone following the club. Page 3 ## **Faith In Queens Park** ## **Trustees' Report** Going into 2023 it was business as usual with the introduction of termly flexi pay for players/parents. 2023 was also the year of All Saints Basket Club’s (ASBC) first tournament, during the Easter holidays, which was a huge success! Every player and parent involved was full of praise and compliments. For the coaches it was an enjoyable day and the tournament encompassed and captured everything about ASBC, family, community, playing hard, playing smart and having fun. Football – we commenced a link with Queens Park Crescents Youth Football Club, to add to our profile of activities. In the first place we provided them with team kit, embossed with the FiQP logo. We were pleased to be able to support and to offer another very popular sporting activity for youngsters within Queens Park. Fusion - The end of January 2022 was the beginning of the wonderful Hear and Now project with the Philharmonia Orchestra and Tibbs Dementia Foundation. The theme ‘Sticks and Stones’ went down well with the choir. Movement was also part of the project this year which the children loved, especially as they were working with a dancer called Serina who is part of the phenomenal female dance group House of Absolute. The performance in April at the University of Bedfordshire to a full audience had a very touching section where one of our choir members had to draw on stage alongside one of the older participants who had dementia and expressed his feelings through chalk drawings. In February we had a visit from a visually impaired singer called Will from Luton who wowed the children with his amazing voice and also introduced them to his love for Country and Western singing. Fusion was also the voices for the 'Townsend Theatre Productions’ new play _**Yes! Yes! U.C.S!**_ , a celebration of the community solidarity and collective resistance inspired and led by Upper Clyde Shipbuilders’ shop stewards Jimmys Reid and Airlie, attracting massive national and international support that led to victory in the fight for Right to Work.' The children were not free to perform on the night but they went to the theatre and recorded the songs which formed part of the play. The children learnt all about protest and marching songs. Page 4 ## **Faith In Queens Park** ## **Trustees' Report** In February, we also had a visit from Rachel Rogan the founder of BookTastic who spoke to the children about the children's book festival that she runs which encourages children of all ages to read. The children were really engaged and wanted to know about the authors that would be at the festival. Rachel showed the children story books written by black authors with black heroes and heroines. The children were delighted to see themselves represented in books. In March, Fusion took part in a singing event called Sing On which is organised by Bedford Music Service. The choir sang 2 songs in front of an audience of around 500 adults and children. This was the first public performance for one of our new younger singers who was a bit apprehensive but the older singers were great in looking after her and made up a song about being nervous and how to conquer your fears. The choir took on their biggest singing challenge yet in May and June when they took part in a community pop up choir created to help celebrate the Queen’s Jubilee. The choir learnt to sing an operatic piece called 'Rush' which told the story of people from the Caribbean coming over to England during the Windrush era. The pop up choir performed 3 performances in Bedford Town centre and were on Channel 4 News which was broadcast from the concert at All Saints Church. A choir trip was organised in August during the summer holidays as a reward for all their hard work and also a chance to busk by the sea in Brighton to develop their outdoor performance skills. A great day was had by all. In September all the choir members had the chance to play the church organ as the organist gave everyone a tour of the organ and showed us how to play it. None of the children had every had the chance to play the organ and everyone enjoyed the talk. In December, Fusion performed at the annual ‘Christmas Tree’ festival at St Paul’s Church in Bedford and enjoyed a trip to the cinema in Milton Keynes to watch Matilda the musical and enjoy a McDonald’s treat. In January 2023 The Place Theatre in Bedford asked if we could loan them Fusion for a few hours. The theatre had purchased new radio microphones and needed a group to help test them. The children thought this was great fun and it gave them the chance to explore an empty theatre and learn how to use radio microphones. In January, the children also sang at an event at All Saints’ Church with the local MP and High Sheriff in attendance. March saw the beginning of the Hear and Now project with resident artist Love Ssega from the band Clean Bandits. In April, Fusion participated in two Calypso song writing workshops with Alex D Great that culminated in a performance for friends and family. In March, there were also more Hear and Now rehearsals with one of our singers taking a lead part on the piano. They all learnt song writing skills and learnt about our environment with a talk from Love Ssega who is now an environmentalist musician. The Hear and Now Concert at the University of Bedfordshire in May was to a sold out audience. In June Fusion was asked to take part in a project called 'Grace Will Lead Me Home' that explores the abolition of slavery through folk music. The choir had an amazing workshop with folk singers Angeline Morrison and Cohen Braithwaite-Kilcoyne. The children then performed the folk song that Angeline had written for them at the Cowper & Newton Museum in Olney with Angeline and Cohen. Also in June one of our singers had the opportunity to sing with opera singer and Bedford born Alison Buchanan. Alison gave our choir member private lessons on zoom so they could accompany her at an event singing Pie Jesu. Fusion has had very busy, eventful and enjoyable music sessions. Faith Tours – we restarted by co-opting more volunteers and retraining the whole team. It was a slow start as schools were cautious to book a visit after Covid. Nevertheless, we did 119 tours over the first year, which was a great achievement. Our bookings and administration was now able to be undertaken by a paid person (the FiQP Co-ordinator at this point), whereas for some years previously it had been undertaken by a volunteer, (who then became a Church Tour guide). As Faith Tours charge groups for the tours, this paid Bookings Admin role was able to be covered by the incoming quarter portion of the Faith Tours fees. The other three quarters of the fees go to our three partners in this project, the places of worship – All Saints’ Church, Guru Nanak Gurdwara and Jamia Masjid Gulshan Baghdad Mosque, (all in and near Westbourne Road, Queens Park) mostly to pay for their energy costs. Most of the Faith Tours guides themselves are volunteers, who are members of the faith communities involved in the Tours. ## Links with the Community In 2022, for the first time we ran a one day a week Holiday Club for Queens Park children, run in the Queens Park Community Centre, by the contracted leader of Fusion. This was financed by a grant from the Gale Family Trust. We had hoped to run another Sports Festival, after the very successful one in 2021, but without a Co-ordinator in place this was very difficult to organise; we were also unsuccessful in getting access to the park we had hoped to use. Page 5 ## **Faith In Queens Park** ## **Trustees' Report** We attended several community Fun Day events, offering badge making to raise our profile. In collaboration with All Saints’ Church, we assisted a large local primary school to present two Christingle Services for their school children, on a Faith Tours day. Faith Tours work well with such a diverse large team of Faiths and volunteers because it works to a very tightly organised term time schedule, mainly available for schools (Tuesdays and Wednesdays, 9.45am – 1.30pm). However we are aware of the need for the wider community to have access to this special resource (three places of worship of significant world faiths within a few hundred metres of each other). Although it demands considerable organisation to run one-off special Faith Tours, this is important and we do try to do these from time to time. Hence we put on an open Public Faith Tour for early September, a time when the schools are usually unable to take up the Faith Tours booking slots. This was not well attended, despite considerable efforts with the publicity, however it was much appreciated by those who did attend; it was also useful as training for new members of the Faith Tours team. A real triumph was a specially arranged summer holiday Faith Tour, for the Church of England Ordinands’ Eastern Region Ministry residential course (near Norwich). We do not normally offer Faith Tours during the holidays, but this special exception was much appreciated, as many of these trainees do not have the experience of living and working in diverse communities. The whole community of our Faith Tours team got involved in this special day, with lunch being hosted by the Mosque at their Community Centre. Trustees - Janice Johnson resigned as a Trustee in December 2023, after 10 years, owing to other commitments and her no longer having a child attending our activities. The Trustees are very grateful to Janice for the help and advice she provided to the Trustees, in particular on regulatory and Human Resource issues. Coordinator – Our (3 day a week) Co-ordinator (Sara) suddenly left us at the end of January 2023. We quickly found someone (Claire) who could take on the paid 6 hours a week required to run Faith Tours. The Trustees then, together with other hardworking volunteer helpers, began supervising the rest of the activities and fundraising. It has been a struggle to manage all of this. Whilst we have been successful in raising small specific amounts for projects, we have struggled to find a way to finance a new Co-ordinator. We decided to upgrade this post, both in hours and responsibilities, and put in a lot of effort to find funding for a new Community Projects Co-ordinator, for 4 days a week over 2 years. This application was turned down due to the funder believing that the resources of the Trustees were not adequate to manage this person and the large amount of funding involved. Fundraising- The funding model on which FiQP was founded has relied on grant funding, and centralised Co-ordination, in order that the youngsters in our community can have easy access to low cost activities. This means that the subs paid by our youngsters in no way can sustain the activities, hence the continued need to apply for funding. We applied to the Frank Branston Trust (via Bedfordshire and Luton Community Foundation) for project funding for a year, but this was turned down, mainly because our application was thought too similar to our Stability Funding, which we were already running for our Wellness project through Bedfordshire and Luton Community Fund. We have also tried for funding through several other smaller funds, including the Borough Councillors, (which has been successful for cricket equipment), but are increasingly finding that funding is hard to come by, without the people who have the time to undertake the application process and monitoring. Page 6 ## **Faith In Queens Park** ## **Trustees' Report** ## Projects Cricket - The Wellness pilot was commenced, as a 12-week series of pre-cricket training weekly sessions, for the cricket group (Queens Park Youth Cricket Club). Our cricket club is having some success in training up new young coaches. Basketball – We were successful in gaining funding for our All Saints Basketball Club, from Sport England/Basketball England’s ‘Together Fund’ for club sustainability following Covid. This funding was used to support coaching and premises costs as well as enabling new training for upcoming coaches and young leaders in the Club, as well as publicity for the club. Football – we found that this needed more resourcing than we were able to provide; we therefore decided that football was not appropriate for us to continue to incorporate within our activities. After a series of discussions, what they were looking for was financial support for their existing activities, as an established competitive league-based club, which did not fit well with our more non-competitive informal culture. We no longer offer football as one of our activities. Fusion – numbers have dwindled but those who attend are very enthusiastic. The Fusion youngsters again took part in the ‘Hear and Now’ project with the Philharmonia Orchestra and with Tibbs Dementia Foundation – an inclusive intergenerational community project. As we did not have the services of a Co-ordinator at this point, the supervision of the children over a number of weeks was done by a volunteer Trustee, together with a paid contract (arranged through the ‘Hear and Now’ funding) for the Fusion leader. Faith Tours – began paying a separate Administrator (Claire) solely to run this project. She was paid 6 hours a week, as an average over the year, working flexible hours. In order to afford this, and due to energy prices rising, we raised our fee for Faith Tours to £180 each. (Bedford Local Authority Maintained schools have a subsidised rate of £130, as our local authority ‘Standing Advisory Committee on Religious Education’ sponsors FiQP for Faith Tours each year). This year we ran 133 Faith Tours. Due to our increasing popularity and the age of our mostly manual bookings system, we decided to update our Bookings System. The Board of Education for St Albans Diocese have funded this, which is still under development. ## _**Public benefit**_ The above purposes are clearly for public benefit as harmony in the diverse community benefits all of Queens Park. All activities are open to all young people at very heavily subsidised fees. We use qualified coaches and leaders to deliver activities which are known for quality, safety and fun. The projects enable those with limited means or capacity to access activities in which they might otherwise not be able to participate. 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. ## **Financial review** ## _**Policy on reserves**_ Reserves are required to cover winding up costs should the organisation become insolvent. This is currently set at £10k to cover annual liabilities for rent, insurance and redundancy pay. This policy is regularly reviewed in accordance with CC19 “Charity Reserves Building Resilience”. Page 7 ## **Faith In Queens Park** ## **Trustees' Report** ## **Statement of Responsibilities** The trustees (who are also the directors of Faith In Queens Park for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". The report and accounts have been prepared in accordance with the provisions in the Companies Act 2006 relating to small companies. Company law requires the trustees to prepare financial statements for each financial period. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to: - select suitable accounting policies and apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; - state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Approved by the trustees of the charity on .................... and signed on its behalf by: ......................................... R Ward Company Secretary and Trustee ## **Small companies provision statement** This report has been prepared in accordance with the small companies regime under the Companies Act 2006. Page 8 ## **Faith In Queens Park** ## **Independent Examiner's Report to the trustees of Faith In Queens Park ('the Company')** ## **Independent examiner’s report to the trustees of Faith In Queens Park ('the Company')** I report to the charity trustees on my examination of the accounts of the company for the year ended 30 June 2023. ## **Responsibilities and basis of report** As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiner’s statement** 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 Company 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. ...................................... John O'Brien MSc, FAIA, FCCA, FCIE, employee of Community Accounting Plus Fellow of the Association of Charity Independent Examiners Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL Date:............................. Page 9 ## **Faith In Queens Park** ## **Statement of Financial Activities for the Period from 1 January 2022 to 30 June 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)** |**Note**
**Income and Endowments from:**
Donations and legacies
2
Charitable activities
3
Total income
**Expenditure on:**
Charitable activities
5
Total expenditure
Net (expenditure)/income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward|**Unrestricted**
**£**
15,749
33,305
49,054
(66,777)
(66,777)
(17,723)
(17,723)
44,643
26,920|**Total**
**30 June 2023**
**£**
15,749
33,305
49,054
(66,777)
(66,777)
(17,723)
(17,723)
44,643
26,920|**Total**
**Year ended 31**
**December**
**2021**
**£**
41,000
2,897| |---|---|---|---| ||||43,897| ||||(29,380)| ||||(29,380)| ||||14,517| ||||14,517
30,126| ||||44,643| All of the charity's activities derive from continuing operations during the above two periods. The notes on pages 13 to 17 form an integral part of these financial statements. Page 10 ## **Faith In Queens Park** ## **Statement of Financial Activities for the Period from 1 January 2022 to 30 June 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)** ## **These are the figures for the previous accounting period and are included for comparative purposes** |**Note**
**Income and Endowments from:**
Donations and legacies
2
Charitable activities
3
Total income
**Expenditure on:**
Charitable activities
5
Total expenditure
Net income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward|**Unrestricted**
**funds**
**£**
41,000
2,897
43,897
(29,380)
(29,380)
14,517
14,517
30,126
44,643|**Total**
**2021**
**£**
41,000
2,897| |---|---|---| |||43,897| |||(29,380)| |||(29,380)| |||14,517| |||14,517
30,126| |||44,643| The notes on pages 13 to 17 form an integral part of these financial statements. Page 11 ## **Faith In Queens Park** ## **(Registration number: 07419682) Balance Sheet as at 30 June 2023** |**Note**
**Current assets**
Cash at bank and in hand
**Creditors: Amounts falling due within one year**
7
**Net assets**
**Funds of the charity:**
**Unrestricted income funds**
Unrestricted funds
**Total funds**|**2023**
**£**
28,118
(1,198)
26,920
26,920
26,920|**2021**
**£**
45,807
(1,164)| |---|---|---| |||44,643| |||44,643| |||44,643| For the financial period ending 30 June 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 period 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. These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. The financial statements on pages 10 to 17 were approved by the trustees, and authorised for issue on .................... and signed on their behalf by: ......................................... M Jackson Trustee The notes on pages 13 to 17 form an integral part of these financial statements. Page 12 ## **Faith In Queens Park** ## **Notes to the Financial Statements for the Period from 1 January 2022 to 30 June 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)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. ## **Basis of preparation** Faith In Queens Park 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 financial statements have been prepared on a going concern basis. The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements. ## **Exemption from preparing a cash flow statement** Under the exemption available to smaller charities the Board of Trustees has chosen not to include a Statement of Cash Flows within the financial statements. ## **Income and endowments** Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability. ## _**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 13 ## **Faith In Queens Park** ## **Notes to the Financial Statements for the Period from 1 January 2022 to 30 June 2023** ## **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. ## **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. ## **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. ## **Pensions** The charity operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the charity. Pension costs charges in the Statement of Financial Activities represent the contributions payable by the charity during the year. Page 14 ## **Faith In Queens Park** ## **Notes to the Financial Statements for the Period from 1 January 2022 to 30 June 2023** ## **2 Income from donations and legacies** |Grants, including capital grants;
Government grants
Grants from other charities trusts & companies
**3**
**Income from charitable activities**
Fundraising & Faith Tours
Sundry income
Subscriptions
Dispursements
**4**
**Grants & donations**
Basketball England
Bedfordshire & Luton Community Foundation
The Gale Family Charitable Trust
Bedford Borough Council's Sacre
Cricket East
Bedford Borough Council's Ward Fund
Samy Car Sales|**Unrestricted**
**funds**
**General**
**£**
2,027
13,722
15,749
**Unrestricted**
**funds**
**General**
**£**
28,215
96
5,097
1,897
35,305|**Total**
**2023**
**£**
2,027
13,722
15,749
**Total**
**2023**
**£**
28,215
96
5,097
1,897
35,305
**Unrestricted**
**funds**
**£**
5,222
5,000
2,000
1,500
1,000
527
500
15,749|**Total**
**2021**
**£**
17,000
24,000| |---|---|---|---| ||||41,000| ||||**Total**
**2021**
**£**
240
1,131
1,526
-| ||||2,897| ||||**Total**
**£**
5,222
5,000
2,000
1,500
1,000
527
500| ||||15,749| Page 15 ## **Faith In Queens Park** ## **Notes to the Financial Statements for the Period from 1 January 2022 to 30 June 2023** ## **5 Expenditure on charitable activities** |Salary & leadership costs
Venue hire
Transport & activities
Materials & equipment
Office expenses
Promotion & publicity
CPD and training
Sundry expenditure
Professional fees
Dispersements
Bank charges|**Unrestricted**
**funds**
**General**
**£**
31,594
7,153
14,080
1,543
4,771
-
2,695
442
1,128
3,082
289
66,777|**Total**
**2023**
**£**
31,594
7,153
14,080
1,543
4,771
-
2,695
442
1,128
3,082
289
66,777|**Total**
**2021**
**£**
16,191
3,201
997
3,820
1,556
315
-
658
1,920
700
22| |---|---|---|---| ||||29,380| ## **6 Staff costs** The aggregate payroll costs were as follows: |The aggregate payroll costs were as follows:||| |---|---|---| |**Staff costs during the period were:**
Wages and salaries
Social security costs
Pension costs|**2023**
**£**
30,223
1,060
311
31,594|**2021**
**£**
1,733
82
25| |||1,840| The monthly average number of persons (including senior management team) employed by the charity during the period was as follows: |Average number of employees|**30 June 2023**
**No**
1|**31 December**
**2021**
**No**
1| |---|---|---| 1 (2021 - 1) of the above employees participated in the Defined Contribution Pension Schemes. Contributions to the employee pension schemes for the period totalled £311 (2021 - £25). Page 16 ## **Faith In Queens Park** ## **Notes to the Financial Statements for the Period from 1 January 2022 to 30 June 2023** No employee received emoluments of more than £60,000 during the period. The chief executive officer, as the highest paid member of staff, received benefits totalling £18,599 (2021 - £Nil). ## **7 Creditors: amounts falling due within one year** ||**2023**|**2021**| |---|---|---| ||**£**|**£**| |Other creditors|1,198|1,164| ## **8 Related party transactions** There were no related party transactions in the period. ## **9 Fees payable to independent examiner** During the period, the fees payable (excluding VAT) to the charity’s independent examiner Community Accounting Plus are analysed as follows: |Independent examination
Other financial services|**1 January**
**2022 to 30**
**June 2023**
**£**
940
167
1,107|**Year ended 31**
**December**
**2021**
**£**
800
162| |---|---|---| |||962| ## **10 Trustees remuneration and expenses** No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. No trustees have received any reimbursed expenses or any other benefits from the charity during the year. ## **11 Taxation** The charity is a registered charity and is therefore exempt from taxation. Page 17