Registered�Charity�no.�1144249 Registered�Company�no.�07705162
Soul61 (Company�Limited�by�Guarantee)
Trustees�Annual�Report�and�Accounts
Year�Ended�31st�August�2022
Soul61
Year�Ended�31st�August�2022
Contents�Page
| Page | |
|---|---|
| LegalandAdministrativeInformation | 1 |
| Trustee'sAnnualReport | 2 |
| IndependentExaminersReport | 5 |
| StatementofFinancialActivities | 6 |
| StatementofFinancialPosition | 7 |
| NotestotheFinancialStatements | 8 |
Soul61
Year�Ended�31st�August�2022
Legal�and�Administrative�Information
Reference
The�Charity�is�called�“Soul61".�The�organisation�is�registered�with�the�Charity�Commission�for�England�and� Wales�and�Companies�House,�registered�on�the�14�July�2011.�
| RegisteredCharityNumber RegisteredCompanyNumber RegisteredOffice Website TheTrusteesandDirectors PrimaryBankers IndependentExaminer |
1144249 07705162 Unit5 GreycaineRoad Watford WD247GP MrDSaunderson resigned31March2023 RevACroft RevMPilavachi resigned4April2023 MrsAMartin MsRRicketts RevAGardner appointed20April2023 LloydsBank 25GresharnStreet London EC2V7HN NigelWyattBSCFCA Wyatt&CoCharteredAccountants 125MainStreet Garforth Leeds LS251AF |
|---|---|
Soul61
Year Ended 31 August 2022
Trustee's Annual Report
The Trustees, who are also the Directors of the charity for the purpose of company law, present their report and accounts for the year ended 31 August 2022.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charity's Memorandum and Articles of Association, applicable law and the requirements of FRS 102 and the associated Charities SORP. The Charity has adopted FRS 102 with effect from 1 January 2019.
Charity overview, structure and governance
Soul61 is a company limited by guarantee (registered company number 07705162) incorporated in England and Wales on 14 July 2011 and registered as a charity in England and Wales (registered charity number 1144249). The governing document is in the form of a Memorandum and Articles of Association. Under these documents, the Charity has the power to make any investment that the Trustees see fit.
The ultimate responsibility for Soul61 lies with the Trustees.
Trustees and management
The Trustees do not receive any reimbursements for their role as trustees. Trustees are appointed who have a relationship with Soul61 and support its principles and values. New trustees are given a copy of the Charity's Memorandum and Articles of Association, past accounts, budgets and forecasts, and information about current staff and activities. Additional information may be given depending on the particular needs of the individual.
The Trustees meet three to four times a year, with additional communication by email as needed. During these meetings they review progress against previous targets, including updates on financial position and forecasts.
Day to day management of activities is led by Mike Pilavachi and Andy Croft, supported by volunteers.
Related parties
Soul Survivor Watford
Mike, Ali and Andy are pastors of Soul Survivor Watford Church. Mike and Andy are trustees of Soul Survivor Watford Church.
Soul Survivor Limited
Mike and Andy are trustees of Soul Survivor Limited.
Charity’s�activities
Soul61’s�primary�goal�is�to�identify,�train�and�support�Christian�leaders.
In addition, the Charity occasionally receives donations which can be gifted to other organisations to support their aims of advancing the Christian religion.
2
Soul61
Year Ended 31 August 2022
Trustee's Annual Report
Public benefit statement
The Trustees have given due consideration to the Public Benefit requirement and consider that the activities of the Charity provide public benefit directly to the course participants who received subsidised training and teaching during the year, directly to those who benefit from the projects and event that are supported by students on work placement, and indirectly, as the students take their experience and skills to their future roles.
Achievements and performance during the year
Five young leaders took part in the leadership course in 2021-22. They participated fully in the life of Soul Survivor Watford church, contributing to activities and events there. They were also able to undertake some domestic and international travel to support events in other churches.
The�organisation�began�some�exploratory�work�towards�broadening�activities�from�‘gap�year’�style� programmes into short leadership days and conferences aimed at church leaders.
Future plans
A small Soul61 course began in October 2022 and is running along similar lines to 2021-22. Please refer�to�‘Events�after�the�balance�sheet�date’�below.
Grants made during the year
The Charity gave a grant of £20,000 to the Dreaming the Impossible (DTI) summer event for young people. The Charity had received this money from Soul Survivor Ministries for the purpose of ‘blessing�other�ministries’�and�felt�that�the�aims�and�values�of�DTI�were�similar�with�the�aims�of�that� organisation.
Events after the balance sheet date
In April 2023, the Trustees were notified that the Church of England National Safeguarding Team were conducting a safeguarding investigation into Mike Pilavachi. It was agreed that Mike should immediately step back from all activity with Soul61 while the investigation was ongoing. Mike also resigned as a Trustee.
The Soul61 Trustees are fully committed to supporting the investigation and are following the advice of the National Safeguarding Team in this regard. The ongoing nature of the investigation has created a number of uncertainties and all activities have been paused until the results of the investigation provide clarity about how best to proceed.
Due to the investigation and the capacity of the remaining team, the current course was ended with a full refund of student fees.
3
Soul61
Year Ended 31 August 2022
Trustee's Annual Report
Reserves policy
The Charity holds free reserves and a number of restricted funds. No funds were in deficit at the yearend or have fallen into deficit subsequently.
At the year-end Soul 61 held £230,542 of unrestricted reserves.
The Charity does not hold reserves on behalf of other organisations and the trustees are responsible for the allocation of all funds.
The�Charity’s�previous reserves policy was to aim to hold free reserves equivalent to at least 3-6 months�of�operating�expenditure�based�on�normal�levels�of�activity.�As�‘normal’�activity�has�changed� significantly, past operating expenditure is not an appropriate measure. The Trustees consider that the reserves held at the year-end is suitable for the planned level activity in the coming financial year. The trustees consider that the Charity will remain a going concern for a period of at least 12 months from the signing of the financial statements.
Financial review
Student income was £17,443 during the year. Expenses related to costs for 5 interns, and a grant issued to Dreaming the Impossible youth conference. Consequently, there was net expenditure of £121,404 against the general funds of the charity, which remain sufficient for the charity to continue in operation.
| Financial position at the year end Unrestricted Funds Restricted Funds Total |
2022 £230,542 £20,403 £250,945 |
2021 £292,305 £34,419 £326,724 |
|---|---|---|
Signed and approved on behalf of the board of Trustees
Trustee:
26/05/2023 Date:
Trustee Name: Ms R Ricketts
4
Soul61
Year�Ended�31st�August�2022
Independent�Examiners�Report
I�report�to�the�Trustees�on�my�examination�of�the�financial�statements�of�Soul61�('the�charity')�for�the� year�ended�31st�August�2022.
Responsibilities�and�basis�of�report
As�the�Trustees�of�the�charity�you�are�responsible�for�the�preparation�of�the�financial�statements�in� accordance�with�the�requirements�of�the�Charities�Act�2011�(‘the�Act’).
I�report�in�respect�of�my�examination�of�the�charity's�financial�statements�carried�out�under�section�145� of�the�2011�Act�and�in�carrying�out�my�examination�I�have�followed�all�the�applicable�directions�given�by� the�Charity�Commission�under�section�145(5)(b)�of�the�Act.
Independent�Examiner's�statement
I�confirm�that�I�am�qualified�to�undertake�the�examination�because�I�am�a�member�of�the�Institute�of� Chartered�Accountants�in�England�and�Wales�(ICAEW),�which�is�one�of�the�listed�bodies.
I�have�completed�my�examination.�I�confirm�that�no�material�matters�have�come�to�my�attention�in� connection�with�the�examination�giving�me�cause�to�believe�that�in�any�material�respect:
- 1.�accounting�records�were�not�kept�in�respect�of�the�charity�as�required�by�section�130�of�the�Act;�or
2.�the�financial�statements�do�not�accord�with�those�records;�or
3.�the�financial�statements�do�not�comply�with�the�applicable�requirements�concerning�the�form�and� content�of�accounts�set�out�in�the�Charities�(Accounts�and�Reports)�Regulations�2008�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.
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.
Nigel�Wyatt�BSC�FCA Date: 25/05/2023 Independent�Examiner 125�Main�Street Garforth Leeds LS25�1AF
Soul61
Year�Ended�31st�August�2022
Statement�of�Financial�Activities
| StatementofFinancialActivities | |||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Unrestricted | Restricted | Total | |||
| Funds | Funds | Funds | TotalFunds | ||
| Note | £ | £ | £ | £ | |
| Income | |||||
| Donationsandlegacies | 19,750 | 8,432 | 28,182 | 20,076 | |
| Charitableactivities | 17,443 | - | 17,443 | 200 | |
| ────────── | ────────── | ────────── | ────────── | ||
| TotalIncome | 2 | 37,193 | 8,432 | 45,625 | 20,276 |
| ────────── | ────────── | ────────── | ────────── | ||
| Expenditure | |||||
| Expenditureoncharitableactivities | 3 | 98,226 | 23,178 | 121,404 | 128,638 |
| ────────── | ────────── | ────────── | ────────── | ||
| TotalExpenditure | 98,226 | 23,178 | 121,404 | 128,638 | |
| ────────── | ────────── | ────────── | ────────── | ||
| ────────── | ────────── | ────────── | ────────── | ||
| Netincome/(expenditure) | (61,033) | (14,746) | (75,779) | (108,362) | |
| ────────── | ────────── | ────────── | ────────── | ||
| Netincomeandnetmovementinfunds | |||||
| Totalfundsbroughtforward | 11 | 292,305 | 34,419 | 326,724 | 435,086 |
| Transfers | 11 | (730) | 730 | - | - |
| ────────── | ────────── | ────────── | ────────── | ||
| Totalfundscarriedforward | 11 | 230,542 | 20,403 | 250,945 | 326,724 |
| ────────── | ────────── | ────────── | ────────── |
All�income�and�expenditure�derive�from�continuing�activities.
The�statement�is�a�combined�Statement�of�Financial�Activities�and�Income�and�Expenditure�Account�for� the�purposes�of�meeting�both�Companies�Act�and�charity�SORP�reporting�requirements.
Soul61
Year�Ended�31st�August�2022
Statement�of�Financial�Position
| StatementofFinancialPosition | |||
|---|---|---|---|
| 2022 | 2021 | ||
| Note | £ | £ | |
| Currentassets | |||
| Debtors | 8 | 26,348 | 5,846 |
| Cashatbankandinhand | 243,719 | 334,228 | |
| ────────── | ────────── | ||
| 270,067 | 340,074 | ||
| Creditors:amountsfallingduewithinoneyear | 9 | 19,122 | 13,350 |
| ────────── | ────────── | ||
| Netcurrentassets | 250,945 | 326,724 | |
| ────────── | ────────── | ||
| Netassets | 12 | 250,945 | 326,724 |
| ────────── | ────────── | ||
| Fundsofthecharity | |||
| Restrictedfunds | 11 | 20,403 | 34,419 |
| Unrestrictedfunds | 11 | 230,542 | 292,305 |
| ────────── | ────────── | ||
| 230,542 | 292,305 | ||
| ────────── | ────────── | ||
| Totalcharityfunds | 250,945 | 326,724 | |
| ────────── | ────────── |
Directors�Responsibilities
The�Directors�are�satisfied�that�for�the�year�ended�on�31st�August�2022�the�charitable�company�was� entitled�to�exemption�from�the�requirement�to�obtain�an�audit�under�section�477�of�the�Companies�Act� 2006�and�that�no�member�or�members�have�required�the�company�to�obtain�an�audit�of�its�accounts�for� the�year�in�question�in�accordance�with�section�476�of�the�Act.��However,�in�accordance�with�section� 145�of�the�Charities�Act�2011,�the�accounts�have�been�examined�by�an�Independent�Examiner. The�Directors�acknowledge�their�responsibility�for�complying�with�the�requirements�of�the�Companies� Act�2006�with�respect�to�accounting�records�and�the�preparation�of�accounts.�These�Financial� Statements�have�been�prepared�in�accordance�with�the�provisions�applicable�to�companies�subject�to� the�small�companies’�regime�and�with�FRS�102�(effective�January�2019).
Name�of�Trustee:
R Ricketts
───────────────────────────────────────────────────
Signed�on�behalf�of�the�Trustees: Date�of�approval:
─────────────────────────────────────────────────── 26/05/2023
───────────────────────────────────────────────────
Soul61
Year�Ended�31st�August�2022
Notes�to�the�Financial�Statements
1 Accounting�Policies
Legal�Status
The�Charity�is�a�company�limited�by�guarantee�and�has�no�share�capital.�In�the�event�of�the� Charity�being�wound�up,�the�liability�in�respect�of�the�guarantee�is�limited�to�£10�per�Trustee.
Basis�of�Preparation
The�financial�statements�have�been�prepared�in�accordance�with�the�Charities�Statement�of� Recommended�Practice�(FRS�102),�FRS�102,�and�the�Companies�Act�2006.�After�due� consideration�of�available�information�about�the�future,�the�accounts�have�been�prepared�on� a�going�concern�basis.
The�financial�statements�are�prepared�in�sterling,�which�is�the�functional�currency�of�the� company.
Monetary�amounts�in�these�financial�statements�are�rounded�to�the�nearest�£.�Soul61�meets� the�definition�of�a�public�benefit�entity�under�FRS�102.�Assets�and�liabilities�are�recognised�at� historical�cost.
Fund�Accounting
Unrestricted�income�funds�comprise�those�funds�which�the�trustees�are�free�to�use�for�any� purpose�in�furtherance�of�the�charitable�objects.�Unrestricted�funds�include�designated�funds� where�the�Trustees,�at�their�discretion,�have�set�aside�resources�for�a�specific�purpose.
Restricted�funds�are�funds�which�are�to�be�used�in�accordance�with�specific�restrictions� imposed�by�the�donor�or�the�term�of�specific�appeal.
Further�explanation�of�the�nature�and�purpose�of�each�fund�is�included�in�the�notes�to�the� accounts.
Incoming�Resources
All�incoming�resources�are�recognised�once�the�charity�has�entitlement�to�the�resources,�it�is� probable�that�the�resources�will�be�received,�and�the�monetary�value�of�incoming�resources� can�be�measured�with�sufficient�reliability.�
•�All�voluntary�income�from�supporters�are�recognised�as�donations�and�are�included�in�full,� with�associated�Gift�Aid�receivable�in�the�Statement�of�Financial�Activities.
•�Grants�where�entitlement�is�not�conditional�on�the�delivery�of�specific�performance�by�the� charity�are�recognised�when�the�charity�becomes�unconditionally�entitled�to�the�grant.
•�Income�resources�from�charitable�trading�activities�such�as�the�letting�of�the�building�are� accounted�for�when�invoices�are�drawn�up�(as�the�point�of�entitlement).
•�Donated�services�and�facilities�are�included�at�the�value�to�the�charity�where�this�can�be� quantified.
•�Gifts�in�Kind�are�accounted�for�at�a�reasonable�estimate�of�their�value�to�the�charity�or�the� amount�actually�realised.�
•�Volunteer�time,�the�value�of�voluntary�support�for�the�work�of�the�charity�is�not�included�in� the�accounts�but�is�described�in�the�Trustees�Annual�Report.
- •�Investment�Income�is�included�in�the�accounts�when�receivable.
Soul61
Year�Ended�31st�August�2022
Notes�to�the�Financial�Statements
Resources�expended
Expenditure�is�recognised�on�an�accrual�basis�as�a�liability�is�incurred.�Liabilities�are�� recognised�where�it�is�more�likely�than�not�that�there�is�a�legal�or�constructive�obligation� committing�the�charity�to�pay�out�the�resources�and�the�amount�of�the�obligation�can�be� measured�with�reasonable�certainty.�
Governance�Costs
Include�costs�of�the�preparation�and�examination�of�statutory�accounts,�the�costs�of�the� Trustees'�meetings�and�cost�of�any�legal�advice�to�Trustees�on�governance�or�constitutional� matters.
Liability�Recognition
Liabilities�are�recognised�as�soon�as�there�is�a�legal�or�constructive�obligation�committing�the� charity�to�pay�out�resources.
Operating�Leases
Rental�charges�payable�under�operating�leases�are�charged�on�a�straight�line�basis�over�the� terms�of�the�lease.
Taxation
The�charity�is�exempt�from�tax�on�its�charitable�activities.
Going�concern
The�financial�statements�have�been�prepared�on�a�going�concern�basis�as�the�trustees� believe�that�no�material�uncertainties�exist.�The�Trustees�have�considered�the�level�of�funds� held�and�the�expected�level�of�income�and�expenditure�for�12�months�from�authorising�these� financial�statements.�The�budgeted�income�and�expenditure�is�sufficient�with�the�level�of� reserves�for�the�charity�to�be�able�to�continue�as�a�going�concern.
Soul61
Year�Ended�31st�August�2022
Notes�to�the�Financial�Statements
| 2 | AnalysisofIncome | |||
|---|---|---|---|---|
| Unrestricted | Restricted | TotalFunds | ||
| Funds | Funds | 2022 | ||
| £ | £ | £ | ||
| Donationsandlegacies | ||||
| DonationsfromSoulSurvivorWatford | 14,750 | - | 14,750 | |
| DonationsfromSoulSurvivorInternational | - | - | - | |
| Otherdonations | 5,000 | 8,432 | 13,432 | |
| ────────── | ────────── | ────────── | ||
| 19,750 | 8,432 | 28,182 | ||
| Charitableactivities | ||||
| StudentfeesfortheSoul61course | 17,443 | - | 17,443 | |
| ────────── | ────────── | ────────── | ||
| 17,443 | - | 17,443 | ||
| Other | ||||
| OtherIncome | - | - | - | |
| ────────── | ────────── | ────────── | ||
| - | - | - | ||
| ────────── | ────────── | ────────── | ||
| TotalIncome | 37,193 | 8,432 | 45,625 | |
| ────────── | ────────── | ────────── | ||
| Unrestricted | Restricted | TotalFunds | ||
| Funds | Funds | 2021 | ||
| £ | £ | £ | ||
| Donationsandlegacies | ||||
| DonationsfromSoulSurvivorWatford | 12,000 | - | 12,000 | |
| DonationsfromSoulSurvivorInternational | - | 3,356 | 3,356 | |
| Otherdonations | - | 4,720 | 4,720 | |
| ────────── | ────────── | ────────── | ||
| 12,000 | 8,076 | 20,076 | ||
| Charitableactivities | ||||
| StudentfeesfortheSoul61course | 200 | - | 200 | |
| ────────── | ────────── | ────────── | ||
| 200 | - | 200 | ||
| Other | ||||
| OtherIncome | - | - | - | |
| ────────── | ────────── | ────────── | ||
| - | - | - | ||
| ────────── | ────────── | ────────── | ||
| TotalIncome | 12,200 | 8,076 | 20,276 | |
| ────────── | ────────── | ────────── |
Soul61
Year�Ended�31st�August�2022
Notes�to�the�Financial�Statements
3 Expenditure�on�charitable�activities�by�fund�type
| Expenditureoncharitableactivitiesbyfundtype | |||
|---|---|---|---|
| Unrestricted | Restricted | TotalFunds | |
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| Studenthousingcosts,includinggeneralmaintenance | 39,607 | - | 39,607 |
| Studentallowance | 640 | - | 640 |
| Internationaltravelandsubsistenceforstudents | 52,186 | 829 | 53,015 |
| Pastoralsupport,coursemanagement,teachingfees | 149 | - | 149 |
| Supportcostsincludinggovernancecostsandpayroll | 5,644 | - | 5,644 |
| Churchleaderdays | - | 1,902 | 1,902 |
| GranttoDreamingtheImpossible,Vineyardchurches | - | 20,000 | 20,000 |
| GranttoSoulSurvivorWatford | - | - | - |
| GifttoSoulSurvivorInternational | - | 447 | 447 |
| ────────── | ────────── | ────────── | |
| TotalExpenditure | 98,226 | 23,178 | 121,404 |
| ────────── | ────────── | ────────── | |
| Unrestricted | Restricted | TotalFunds | |
| Funds | Funds | 2021 | |
| £ | £ | £ | |
| Studenthousingcosts,includinggeneralmaintenance | 26,729 | - | 26,729 |
| Studentallowance | - | - | - |
| Internationaltravelandsubsistenceforstudent | 21 | 2,515 | 2,536 |
| Pastoralsupport,coursemanagement,teachingfees | 10,880 | - | 10,880 |
| Supportcostsincludinggovernancecostsandpayroll | 23,493 | - | 23,493 |
| GranttoSoulSurvivorWatfordforbuildingworks | 65,000 | - | 65,000 |
| GranttoSoulSurvivorWatford | - | - | - |
| ────────── | ────────── | ────────── | |
| TotalExpenditure | 126,123 | 2,515 | 128,638 |
| ────────── | ────────── | ────────── |
Soul61
Year�Ended�31st�August�2022
Notes�to�the�Financial�Statements
4 Summary�analysis�of�expenditure�and�related�income�for�charitable�activities
| Soul | |||||
|---|---|---|---|---|---|
| Soul61 | Survivor | Church | Other | TotalFunds | |
| course | International | leaderdays | activities | 2022 | |
| £ | £ | £ | £ | £ | |
| Directcosts | (92,582) | (447) | (1,902) | (20,829) | (115,760) |
| Supportcost | (5,644) | - | - | - | (5,644) |
| Recoveredinfees | 17,443 | - | - | - | 17,443 |
| Recoveredindonations | 19,750 | - | 1,172 | 7,260 | 28,182 |
| ────────── | ────────── | ────────── | ────────── | ────────── | |
| (61,033) | (447) | (730) | (13,569) | (75,779) | |
| ────────── | ────────── | ────────── | ────────── | ────────── | |
| Soul | |||||
| Soul61 | Survivor | Church | Other | TotalFunds | |
| course | International | leaderdays | activities | 2021 | |
| £ | £ | £ | £ | £ | |
| Directcosts | (37,630) | (1,114) | - | (66,401) | (128,639) |
| Supportcost | (23,493) | ||||
| Recoveredinfees | 200 | - | - | - | 200 |
| Recoveredindonations | - | 3,356 | - | 4,720 | 8,076 |
| ────────── | ────────── | ────────── | ────────── | ────────── | |
| (60,923) | (61,681) | (120,362) | |||
| ────────── | ────────── | ────────── | ────────── | ────────── |
5 Independent�examination�fees
Fees�payable�to�the�independent�examiner�for:
| Independentexaminationfees Feespayabletotheindependentexaminerfor: |
||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Independentexaminationandpreparationofthefinancial statements |
1,272 | 1,200 |
6 Staff�costs
The�total�staff�costs�and�employee�benefits�for�the�reporting�period�are�analysed�as�follows:
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Wagesandsalaries | 427 | 14,584 |
| Socialsecuritycosts | 107 | - |
| Employercontributionstopensionplans | - | - |
| ────────── | ────────── | |
| 533 | 14,584 | |
| ────────── | ────────── | |
| Theaverageheadcountofemployeesduringtheyearwasasfollows: | ||
| 2022 | 2021 | |
| Coursemanagement | 0 | 1 |
No�employees�received�benefits�of�more�than�£60,000�during�the�year.
Soul61
Year�Ended�31st�August�2022
Notes�to�the�Financial�Statements
Key�Management�Personnel
The�Trustees�consider�that�the�Board�of�Trustees�comprise�as�the�key�management�personnel�of�the� charity�in�charge�of�directing�and�controlling,�running�and�operating�the�charity�on�a�day�to�day�basis.�
7 Trustee�remuneration,�expenses�and�donations
None�of�the�Trustees�have�been�paid�any�remuneration�or�received�any�other�benefits�for�their�role�as�a� Trustee�of�the�charity.�
During�the�year�one�Trustee�incurred�an�out�of�pocket�expense�of�£288�for�maintance�of�the�student� accomodation�(2021:�nill).
During�the�year�the�total�aggregated�donations�made�to�the�charity�by�the�Trustees�was�£5,000�(2021:� nill).�There�were�no�conditions�attached�to�the�donations.
8 Debtors
----- Start of picture text -----
||||
|---|---|---|
|2022|2021|
|���������£|���������£|
|Accounts�receivable|-|-|
|Prepayments|26,348|5,846|
|�──────────�|�──────────�|
|26,348|5,846|
|�──────────�|�──────────�|
----- End of picture text -----
9 Creditors:�amounts�falling�due�within�one�year
----- Start of picture text -----
||||
|---|---|---|
|2022|2021|
|���������£|���������£|
|Trade�Creditors|1,350|-|
|Accruals�and�Deferred�Income|17,772|13,350|
|�──────────�|�──────────�|
|19,122|13,350|
|�──────────�|�──────────�|
----- End of picture text -----
10 Deferred�Income
----- Start of picture text -----
||||||
|---|---|---|---|---|
|Opening|Deferred|Released|Closing|
|£|£|£|£|
|Course�Fee�Income|12,150|5,373|12,150|5,373|
----- End of picture text -----
By�the�year�end�£5,373�of�income�relating�to�Soul61�course�fees�had�been�received�for�the�2022/23� financial�year.�This�income�has�been�deferred�as�the�entitlement�to�the�income�had�not�yet�passed�as�the� service�of�the�course�had�not�been�carried�out�at�the�point�of�the�year�end.
Soul61
Year�Ended�31st�August�2022
Notes�to�the�Financial�Statements
11 Analysis�of�Charitable�Funds
Charitable�Funds�2021-2022
| CharitableFunds2021-2022 | |||||
|---|---|---|---|---|---|
| 1Sep2021 | Income | Expenditure | Transfers | 31Aug2022 | |
| £ | £ | £ | £ | £ | |
| UnrestrictedFunds | |||||
| General | 292,305 | 37,193 | (98,226) | (730) | 230,542 |
| ────────── | ────────── | ────────── | ────────── | ────────── | |
| TotalUnrestricted | 292,305 | 37,193 | (98,226) | (730) | 230,542 |
| ────────── | ────────── | ────────── | ────────── | ────────── | |
| RestrictedFunds | |||||
| CentralAsia | 12,177 | 7,260 | (829) | - | 18,608 |
| BlessingOtherMinistries | 20,000 | - | (20,000) | - | - |
| Churchleaderdays | - | 1,172 | (1,902) | 730 | - |
| SoulSurvivorInternational | 2,242 | - | (447) | - | 1,795 |
| ────────── | ────────── | ────────── | ────────── | ────────── | |
| TotalRestricted | 34,419 | 8,432 | (23,178) | 730 | 20,403 |
| ────────── | ────────── | ────────── | ────────── | ────────── | |
| ────────── | ────────── | ────────── | ────────── | ────────── | |
| TotalFunds | 326,724 | 45,625 | (121,404) | - | 250,945 |
| ────────── | ────────── | ────────── | ────────── | ────────── | |
| CharitableFunds2020-2021 | |||||
| 1Sep2020 | Income | Expenditure | Transfers | 31Aug2021 | |
| £ | £ | £ | £ | £ | |
| UnrestrictedFunds | |||||
| General | 406,228 | 12,200 | (126,132) | - | 292,305 |
| ────────── | ────────── | ────────── | ────────── | ────────── | |
| TotalUnrestricted | 406,228 | 12,200 | (126,132) | - | 292,305 |
| ────────── | ────────── | ────────── | ────────── | ────────── | |
| RestrictedFunds | |||||
| CentralAsia | 8,858 | 4,720 | (1,401) | - | 12,177 |
| BlessingOtherMinistries | 20,000 | - | - | - | 20,000 |
| SoulSurvivorInternational | - | 3,356 | (1,114) | - | 2,242 |
| ────────── | ────────── | ────────── | ────────── | ────────── | |
| Total | 28,858 | 8,076 | (2,515) | - | 34,419 |
| ────────── | ────────── | ────────── | ────────── | ────────── | |
| ────────── | ────────── | ────────── | ────────── | ────────── | |
| TotalFunds | 435,086 | 20,276 | (128,647) | - | 326,724 |
| ────────── | ────────── | ────────── | ────────── | ────────── |
Soul61
Year�Ended�31st�August�2022
Notes�to�the�Financial�Statements
Fund�Descriptions
Restricted�Funds�
Blessing�Other�Ministries
Central�Asia
Funds�donated�from�Soul�Survivor�Ministries�for�the�specific�purpose�of� blessing�other�ministries�and�their�work.
Donations�made�to�specifically�aid�and�support�the�persecuted� church�overseas.
Church�leaders�days Funds�restricted�for�the�development�of�training�days�for�leaders. Soul�Survivor�International Funds�held�on�behalf�of�Soul�Survivor�International�and�its�related� activities.
12 Analysis�of�net�assets�between�funds
| Unrestricted | Restricted | TotalFunds | TotalFunds | |
|---|---|---|---|---|
| Funds | Funds | 2022 | ||
| £ | £ | £ | ||
| CurrentAssets | 249,664 | 20,403 | 270,067 | |
| Creditorslessthan1year | (19,122) | - | (19,122) | |
| ────────── | ────────── | ────────── | ||
| 230,542 | 20,403 | 250,945 | ||
| ────────── | ────────── | ────────── | ||
| Unrestricted | Restricted | TotalFunds | ||
| Funds | Funds | 2021 | ||
| £ | £ | £ | ||
| CurrentAssets | 305,655 | 34,419 | 340,074 | |
| Creditorslessthan1year | (13,350) | - | (13,350) | |
| ────────── | ────────── | ────────── | ||
| 292,305 | 34,419 | 326,724 | ||
| ────────── | ────────── | ────────── |
Soul61
Year Ended 31st August 2022
Notes to the Financial Statements
13 Related party transactions
The charity has a close working relationship with Soul Survivor Watford (charity no. 1184088). During the year Andy and Mike were Trustees of both organisations and employees of Soul Survivor Watford.
Soul Survivor Watford made donations of £14,750 (2021: £12,000) to Soul 61 during the year.
Soul61 received a donation of £500,000 in an earlier year from a donor wishing to support the work of various Soul Survivor activities, although the donor did not specify any particular fund or activity, and it may be spent on Soul61 or Soul Survivor Watford activities. At the end of the year, £105,383 of this donation remains in the Soul61 unrestricted funds. These funds have been paid into Soul61 but may be allocated by the Soul61 trustees to activities run by Soul Survivor Watford.
During the year, no donations or grants (2021: £65,000) were made to Soul Survivor Watford.
Soul Survivor Watford sometimes incurs expenditure on behalf of Soul61 which is recharged. The total of these costs was £59,608 (2021: nil). The nature of these expenses was mainly travel costs, and the outstanding balance at the end of the year was £11,198 (2021: nil).
14 Events after the reporting period
In April 2023, the Trustees were notified that the Church of England National Safeguarding Team were conducting a safeguarding investigation into Mike Pilavachi. It was agreed that Mike should immediately step back from all activity with Soul61 while the investigation was ongoing. Mike also resigned as a Trustee.
The Soul61 Trustees are fully committed to supporting the investigation and are following the advice of the National Safeguarding Team in this regard. The ongoing nature of the investigation has created a number of uncertainties and all activities have been paused until the results of the investigation provide clarity about how best to proceed.
Due to the investigation and the capacity of the remaining team, the current course was ended with a full refund of student fees.
Per the disclosure requirements of the Charities SORP (FRS102), the estimated financial impact moving forward to the organisation of this charitable activity stopping is that no further course fee income or related donations will be received, and no direct expenses will be incurred for running the course. During the financial year 2022, the net expenditure of running the course was £60,133.
16