Company Registration Number - 07793538
The Charity Registration Number is :- 1145529
Quench Christian Bookshops
Report and Accounts
31 May 2022
## **Quench Christian Bookshops**
## **Report and accounts for the year ended 31 May 2022**
## **Contents**
||**Page**||
|---|---|---|
|**Charity information**||1|
|**Trustees' Annual Report**||1|
|**Statement of directors' responsibilities**||5|
|**Independent Accountant's Report**||7|
|**_Funds Statements:-_**|||
|Statement of Financial Activities||9|
|Movements in funds||11|
|Revenue Funds||11|
|Fixed Asset funds||11|
|Summary of funds||11|
|**Balance sheet**||13|
|**Notes to the accounts**||14|
## **Quench Christian Bookshops**
Company Registration Number - 07793538
## **Trustees' Annual Report for the year ended 31 May 2022**
The Trustees present their Report and Accounts for the year ended 31 May 2022, which also comprises the Directors' Report required by the Companies Act 2006.
## **Reference and administrative details**
## _**The charity name.**_
The legal name of the charity is:- Quench Christian Bookshops.
The charity is also known by its operating name, Quench.
## _**The charity's areas of operation and UK charitable registration.**_
The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 1145529.
The charity does not operate in any overseas jurisdictions.
## _**Legal structure of the charity**_
The charity is constituted as a company limited by guarantee, registered under the Companies Acts . The governing document of the charity is the Memorandum and Articles of Association establishing the company under company legislation.
There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law.
By operation of law all, trustees are directors under the Companies Act 2006 and all directors are trustees under Charities legislation and have responsibilities, as such, under both company and charity legislation.
The trustees are all individuals.
## **The principal operating address, telephone number, email and web addresses of the charity are:-**
1 Castle Court Maidenhead, Berkshire SL6 6DD Telephone 0118 9776715
Email Address jeremy@quenchshops.com Web address www.quenchshops.com
The registered office of the charity for Companies Act purposes is the same as the operating address shown above.
## **The Trustees in office on the date the report was approved were:-**
Mr Anthony Bronnimann Rev Jeremy Hyde Mrs Claire Bronnimann Mrs Margaret Hyde
Mr David Macfarlane - appointed 23/1/23
## **The following persons served as Trustees during the year ended 31 May 2022 :-**
The trustees who served as a trustee in the reporting period were as shown above and in addition Roger Baldery was a Trustee during the year and until 13 July 2022. There were no trustee changes during the year and the above were the only changes in the period between the year end and the approval of the accounts.
At the Annual General Meeting Margaret Hyde retires as trustee, but is eligible for reappointment.
The following trustees are also members of the charity : A Bronnimann, J Hyde
1
## **Quench Christian Bookshops**
Company Registration Number - 07793538
## **Trustees' Annual Report for the year ended 31 May 2022**
## **Objects and activities of the charity**
## _**The purposes of the charity as set out in its governing document.**_
The advancement of the Christian religion and education in the same in particular but not exclusively through the sale, distribution and provision of Christian materials including bibles and literature and such other charitable purposes as determined fit by the Board from time to time.
## _**The main activities undertaken in relation to those purposes during the year.**_
The charity continued to operate retail premises and to "take the shop out" to other locations to increase awareness of the charity and the resources it offers. Throughout this time, the charity continued to promote its products and its purpose by word of mouth and social media. Retail sales were still negatively impacted by the effect of Covid-19. In the early part of the year, customers were still reluctant to visit non-essential retail shops. Orders continued to be posted out by staff from existing stock or by requesting postage directly from suppliers to customers. The trustees want to pay particular tribute to the staff who, as ever, worked very hard throughout this time.
## _**The main activities undertaken during the year to further the charity's purpose for the public benefit.**_
The charity operates retail premises providing significant materials and resources to the public. As above it continued to provide these resources via other methods whilst the shops were closed.
The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity.
## _**The short term and longer term aims and objectives.**_
To provide significant intellectual resources to provide evidence for an individual's search and/or learning process.
To source, display & provide suitable books and materials for the above.
## _**The charity's strategies for achieving its aims and objectives in the future.**_
To continue to provide suitable and affordable retail premises within which to display these resources and offer them for sale. Additionally, as mentioned above, to continue its aims and objectives as far as possible via social media, newsletters etc when required.
To communicate with Churches & where possible Schools, particularly to increase the knowledge of the resources we provide & their benefits and by doing so enable an increased presence in the wider community to promote awareness of our services and to display and sell resources in venues other than our retail premises.
## _**How the activities undertaken during the year contributed to the achievement of the aims and objectives.**_
The charity has continued to explore new avenues to make the public aware of its existence and the resources it can make available. As well as marketing via its website and other literature, attempts have been made to strengthen links with churches and schools. In addition, greater use is being made of social media to bring our activities to the attention of a wider audience.
## _**Resources used in the activities undertaken during the year.**_
There were regular paid employees at both shops and the trustees are actively involved in overseeing the business. Two Trustees deal with day to day management together with one employee. Income from donations and online sales provides additional funds to assist with the core objectives. Greater attention has been paid to the use of wider social media to remain visible and encourage sales.
2
## **Quench Christian Bookshops**
Company Registration Number - 07793538
## **Trustees' Annual Report for the year ended 31 May 2022**
## _**Social investment policies and how these contributed to the achievement of charity's aims and objectives during the year.**_
The charity is aware that its main activity is not profitable and its main purpose is not the financial return but the social good that might result in relation to the charity's objects. The Trustees continue to seek ways for the charity to deliver such services and also to improve the profitability where possible. With the impact of the Coronavirus pandemic, the face to face contact via the shops has been limited at times but contact has been made with customers by other means whenever possible and social media has continued to give an awareness of the charities aims and objectives.
## _**The contribution of volunteers during the year.**_
None of the Trustees are paid for their involvement with the charity. Two Trustees provide management of the main charitable activity and oversee it on a day to day basis without charge. Other Trustees have input regularly, mainly via Trustees' meetings **The main achievements and performance of the charity during the year.**
The trading environment continues to be challenging for the charity and for the retail sector in general. Even before the effects of Covid 19 in the Spring of 2020, turnover had decreased compared with the previous year. Overhead costs had increased, particularly staff costs. The charity has continued a programme of wider communication to generate greater awareness of the challenges of maintaining a retail presence, in the hope of increasing visitors to the shops and both sales and voluntary income. It has continued to take the "shop" to other locations (when allowed) to boost sales and support. The charity continually updates databases, supporter lists etc. In September 2021, all contacts of the charity were emailed to say that the trustees would be meeting in December to review the activities of Quench, including considering closing one or both shops. Whilst this led to a few financial donations, the hoped for increase in sales did not occur. The decision was therefore taken at the December meeting of the trustees to close the Maidenhead shop on February 19th 2022.
## _**Fundraising activities during the year.**_
The charity has continued its aim of raising additional funds by appealing to its core customer base and seeking further support, along with providing suitable literature explaining its purposes and activities.
## _**The difference the charity's performance during the year has made to the beneficiaries of the charity.**_
The charity has continued to be available for advice on and purchase of resources, both in the shops, via other meetings/activities and online.
## _**The degree to which the achievements and performance during the year have benefited wider society.**_
The charity has met its aim of reaching beyond its previous client base and providing information and resources to wider society in new ways.
## _**How the achievements during the year measure up to the objectives set.**_
The charity has continued to provide suitable and affordable retail premises within which to display their resources and offer them for sale. Further avenues are being explored to make more people aware of the charity's resources.
## **Structure, governance and management of the charity**
## _**The methods used to recruit and appoint new charity trustees.**_
The charity is aiming to recruit additional trustees in the near future. To facilitate this, suitable people have been asked to engage with the charity and attend meetings to understand the charity in greater detail. The staff, trustees and local church leaders have been asked to make recommendations about potential trustees. These recommendations are then followed up by the existing trustees.
3
## **Quench Christian Bookshops**
Company Registration Number - 07793538
## **Trustees' Annual Report for the year ended 31 May 2022**
## _**The charity's organisational structure.**_
The Trustees lead the charity. A management team meets as and when necessary and comprises: Tony Bronnimann - Trustee Claire Bronnimann - Trustee Jeremy Hyde - Trustee Alison Ceaser - Head of Retail Jean Whiffen - Bookkeeper
Other day to day decisions are made by a combination of some of the above on an informal communication basis as required.
## _**How the charity makes decisions and how decisions are delegated.**_
Day to day decisions that do not need the involvement of the wider management team are made by Alison Ceaser who refers issues when required to Jeremy Hyde.
Bankers HSBC Plc, 23/24 Paddington House, Festival Place, Basingstoke, RG21 7LJ Solicitors Anthony Collins Solicitors, LLP 134 Edmund Street, Birmingham, West Midlands, B3 2ES. Accountants Armstrong Bell Accountancy Limited Suite 122, 5 High Street Maidenhead Berkshire
## **Financial review**
## _**The charity's financial position at the end of the year ended 31 May 2022**_
The financial position of the charity at 31 May 2022 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-
|Restricted Revenue Funds
**Total Funds**
**Net income**
Unrestricted Revenue Funds available for the
general purposes of the charity|**2022**
**2021**
**£**
**£**
(17,857)
284,577
1,992
19,849
1,500
1,500
3,492
21,349|
|---|---|
## _**Financial review of the position at the reporting date 31 May 2022**_
The trustees consider the financial performance by the charity during the year to have been satisfactory given the context of emerging from the global pandemic and the ongoing challenging retail market. There were minimal support grants in relation to the pandemic in the year and turnover began to recover. Donations were higher than in the previous year. The stock value was decreased by £13,002 which included the write off of obsolete stock on the closure of the Maidenhead shop. This was a more significant stock movement than usual as it cleared out all unsaleable stock and this has impacted the overall deficit for the year. In 2022-23 turnover at the remaining shop was over 25% higher for the first 8 months compared with the same period of 2021-22.
4
## **Quench Christian Bookshops**
Company Registration Number - 07793538
## **Trustees' Annual Report for the year ended 31 May 2022**
## _**Policies on reserves**_
The charity has in place strict maintenance of bookkeeping and cashflow monitoring. Its objectives are always to continuously seek further support to ensure payment of expenses incurred. Given the deficit situation, it is not possible to set a specific postiive level of reserves. An ideal aim would be to have funds sufficient to cover 3 months' salaries. In the prior year, the charity achieved a more satisfactory cashflow position than the past and the cashflow in this period was good, particularly due to grants and donations.
## _**Going Concern**_
The Trustees would refer readers of the accounts to the comments on going concern in note 1 to the accounts.
## _**Availability and adequacy of assets of each of the funds**_
The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund, subject to the considerations outlined in the paragraph below.
## _**Principal funding sources in the year and how these support the key objectives of the charity.**_
The majority of income comes from retail sales and this year even with voluntary income from donations and the related gift aid reclaimable, the costs of the expenditure on charitable activities were not covered. There was very little Covid support grant in the period and turnover had not recovered sufficiently to cover costs. In addition there was a more significant stock adjustment as noted above.
## **Details of The Independent Examiner**
Amanda Bell
Chartered Accountant Suite 122 5 High Street Maidenhead Berkshire SL6 1JN
## **Statement of the Directors Trustees' Responsibilities**
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Companies Act 2006, the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), .
In particular, the Companies Act 2006 and charity law require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to :-
- prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
5
## **Quench Christian Bookshops**
Company Registration Number - 07793538
## **Trustees' Annual Report for the year ended 31 May 2022**
- select suitable accounting policies and apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate
to presume that the charity will continue in business;
- state whether applicable accounting standards and statements of
recommended practice have been followed, subject to any material
departures disclosed and explained in the financial statements;
The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.
The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the Independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that , on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.
## **Method of preparation of accounts - Small company provisions**
The financial statements are set out on pages 9 to 30.
The financial statements have been prepared implementing the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016)
These financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.
This report was approved by the board of trustees on 23 February 2023.
J Hyde Director and Trustee
6
## **Quench Christian Bookshops**
## **Report of the Independent Examiner to the Trustees of the charitable company on the accounts for the year ended 31 May 2022**
I report to the Trustees on my examination of the financial statements of the charitable company on pages 9 to 30 for the year ended 31 May 2022 which have been prepared in accordance with the Charities Act 2011 (the Act) and with the Financial Reporting Standard 102, (effective 1st January 2016) as modified by FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , and under the historical cost convention and the accounting policies set out on page 14.
## **Respective responsibilities of the Trustees and the Independent Examiner and the basis of the report**
As described on page 5, you, the charitable company's Trustees, who are also the Directors of the Company for the purposes of Company law, are responsible for the preparation of the financial statements in accordance with the Companies Act 2006, the Charities Act 2011 and all other applicable law and with United Kingdom Generally Accepted Accounting Practice, applicable to smaller entities, and for being satisfied that the financial statements give a true and fair view.
The Trustees consider that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the memorandum and articles of the charity for the conducting of an audit, and that the accounts do not require an audit in accordance with Part 16 of the Companies Act 2006 and that no member or members have requested an audit pursuant to Section 476 of the Companies Act 2006. As a consequence, the Trustees have elected that the financial statements be subject to independent examination.
Having satisfied myself that the financial statements are not required to be audited under any legal provision, or otherwise, and are eligible for independent examination, it is my responsibility to:-
a) examine the financial statements of the charity under Section 145 of the Act;
b) follow the applicable procedures in the Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Basis of Independent Examiner's Statement and scope of work undertaken**
I report in respect of my examination of the charity's financial statements carried out under s145 of the Act. In carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act setting out the duties of an independent examiner in relation to the conducting of an independent examination. An independent examination includes a review of the accounting records kept by the charitable company and of the accounting systems employed by the charitable company and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you, as Trustees, concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of charity legislation and that, on a test basis of evidence relevant to the amounts and disclosures made, the financial statements comply with the SORP.
The procedures undertaken do not provide all the evidence that would be required in an audit, and information supplied by the Trustees in the course of the examination is not subjected to audit tests or enquiries and does not cover all the matters that an auditor would consider in arriving at an opinion. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide
Consequently, I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below.
I planned and performed my examination so as to satisfy myself that the objectives of the independent examination are achieved and before finalising the report I obtained written assurances from the Trustees of all material matters.
7
## **Quench Christian Bookshops**
## **Independent Examiner's Statement, Report and Opinion**
Subject to the limitations upon the scope of my work as detailed above, I have completed my examination: and can confirm that:-
The accounts of this charitable company are not required to be audited under Part 16 of the Companies Act 2006;
This is a report in respect of an examination carried out under 145 of the Act and in accordance with Directions given by the Charity Commission under section 145(5)(b) of the Act which may be applicable;
and that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:-
accounting records were not kept in respect of the charity as required by Section 386 of the Companies Act 2006 and Section 130 of The Charities Act 2011;
the financial statements do not accord with those records; or
the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in section 396 of the Companies Act 2006 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;
have not been prepared in accordance with the methods and principles set out in the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
**Signed:-**
Amanda Bell - Independent Examiner Chartered Accountants
Suite 122 5 High Street Maidenhead Berkshire SL6 1JN
This report was signed on 23 February 2023
8
## **Quench Christian Bookshops - Statement of Financial Activities for the year ended 31 May 2022**
## _**Statement of Financial Activities (including the Income and Expenditure Account for the year ended 31 May 2022, as required by the Companies Act 2006)**_
|**Current year**
**Unrestricted**
**Funds**
**2022**
**£**
**Income & Endowments from:**
Donations & Legacies
A1
12,636
Charitable activities
A2
127,149
Other trading activities
A3
13,428
Investments
A4
-
**Total income**
**A**
**153,213**
**Expenditure on:**
Charitable activities
B2
171,070
Other
B3
-
**Total expenditure**
**B**
**171,070**
**Net income for the year**
**(17,857)**
**Transfers between funds**
**C**
-
**Net income after transfers**
**A-B-C**
**(17,857)**
**Other recognised gains/(losses)**
Extraordinary items:
Loans from Trustees written off
D3
-
**(17,857)**
**Reconciliation of funds:-**
**E**
**Total funds brought forward**
19,849
**Total funds carried forward**
**1,992**
**Net movement in funds**
**SORP**
**Ref**|**Current year**
**Restricted**
**Funds**
**2022**
**£**
599
-
-
-
**599**
599
-
**599**
**-**
-
**-**
-
**-**
1,500
**1,500**|**Current year**
**Total Funds**
**2022**
**£**
**13,235**
**127,149**
**13,428**
**-**
**153,812**
**171,669**
**-**
**171,669**
**(17,857)**
**-**
**(17,857)**
**-**
**(17,857)**
**21,349**
**3,492**|**Prior Year**
**Total Funds**
**2021**
**£**
64,596
82,364
16,246
-|
|---|---|---|---|
||||**163,206**|
||||158,971
-|
||||**158,971**|
||||**4,235**
-|
||||**4,235**
280,342|
||||**284,577**
(263,228)|
||||**21,349**|
The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.
A Statement of Total Recognised Gains and Losses is included as a primary statement in these accounts.
All activities derive from continuing operations.
9
## **Quench Christian Bookshops - Statement of Financial Activities for the year ended 31 May 2022**
## **Analysis of Prior Year Total Funds - as required by section paragraph 4.2 of the SORP**
|**Income & Endowments from:**
Donations & Legacies
A1
Charitable activities
A2
Other trading activities
A3
Investments
A4
Other
A5
**Total income**
**A**
**Expenditure on:**
Raising funds
B1
Charitable activities
B2
Other
B3
Tax on surplus on ordinary activiti
B3
Other taxation
B3
**Total expenditure**
**B**
B4
**Net income for the year**
**Transfers between funds**
**C**
**Net income after transfers**
**D3**
**Reconciliation of funds:-**
**E**
**Total funds brought forward**
**Total funds carried forward**
**Net movement in funds**
Net gains on investments
Loans from Trustees written off
**SORP**
**Ref**|**Prior Year**
**Unrestricted**
**Funds**
**2021**
**£**
63,096
82,364
16,246
-
-
161,706
-
158,971
-
-
-
**158,971**
-
2,735
-
2,735
280,342
**283,077**
(263,228)
**19,849**
|**Prior Year**
**Restricted**
**Funds**
**2021**
**£**
1,500
-
-
-
-
-
1,500
-
-
-
-
-
-
**-**
-
1,500
-
1,500
-
**1,500**
-
**1,500**|**Prior Year**
**Total Funds**
**2021**
**£**
**64,596**
**82,364**
**16,246**
**-**
**-**|
|---|---|---|---|
||||**163,206**|
||||**-**
**158,971**
**-**
**-**
**-**|
||||**158,971**|
||||-
4,235
**-**|
||||4,235
**280,342**|
||||**284,577**
**(263,228)**|
||||**21,349**|
## **All activities derive from continuing operations.**
A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.
**The notes attached on pages 14 to 30 form an integral part of these accounts.**
10
## **Quench Christian Bookshops - Statement of Financial Activities for the year ended 31 May 2022**
## **Quench Christian Bookshops - Resources applied in the year ended 31 May 2022 towards fixed assets for Charity use:-**
|Funds generated in the year as detailed in the SOFA
Resources applied on functional fixed assets
Other applications of funds
**Net resources available to fund charitable activities**|**2022**
**£**
(17,857)
-
-
**(17,857)**|**2021**
**£**
284,577
(87)
-|
|---|---|---|
|||**284,490**|
The resources applied on fixed assets for charity use represents the cost of additions less proceeds of any disposals.
**The notes attached on pages 14 to 30 form an integral part of these accounts.**
## **Movements in revenue and capital funds for the year ended 31 May 2022**
## **Revenue accumulated funds**
|**Unrestricted**
**Funds**
**2022**
**£**
Accumulated funds brought forward
19,849
(17,857)
**1,992**
-
**Closing revenue funds**
**1,992**
**Summary of funds**
**Unrestricted**
**and**
**Designated funds**
**2022**
**£**
Revenue accumulated funds
1,992
Exceptional items
Recognised gains and losses before
transfers|**Restricted**
**Funds**
**2022**
**£**
1,500
-
**1,500**
-
**1,500**
**Restricted**
**Funds**
**2022**
**£**
1,500|**Total**
**Funds**
**2022**
**£**
21,349
(17,857)
**3,492**
-
**3,492**
**Total**
**Funds**
**2022**
**£**
**3,492**|**Last year**
**Total Funds**
**2021**
**£**
**(263,228)**
4,235|
|---|---|---|---|
||||**(258,993)**
280,342|
||||**21,349**|
||||**Last Year**
**Total Funds**
**2021**
**£**
21,349|
**The notes attached on pages 14 to 30 form an integral part of these accounts.**
11
## **Quench Christian Bookshops - Statement of Financial Activities for the year ended 31 May 2022**
## **Quench Christian Bookshops Income and Expenditure Account for the year ended 31 May 2022 as required by the Companies Act 2006**
|**_Income_**
Income from operations
Refunds from HMRC on gift aided donations
Interest receivable
**Gross income in the year before exceptional items**
**Gross income in the year including exceptional items**
**_Expenditure_**
Charitable expenditure, excluding depreciation and amortisation
Depreciation and amortisation
Governance costs
Other expenditure
Realised losses on disposals of social investments which are programme related
**Total expenditure in the year**
**Extraordinary items**
Tax on surplus on ordinary activities
**Retained surplus for the financial year**
All activities derive from continuing operations
**Net income after tax in the financial year**
**Net income before tax in the financial year**
Investment income|**2022**
**£**
153,193
619
-
**153,812**
**153,812**
170,802
392
475
-
-
**171,669**
-
**(17,857)**
-
**(17,857)**
**(17,857)**|**2021**
**£**
162,621
585
-|
|---|---|---|
|||**163,206**|
|||**163,206**|
|||158,232
289
450
-
-|
|||**158,971**|
|||(280,342)|
|||**284,577**
-|
|||**284,577**|
|||**284,577**|
||||
In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities.
## **The notes attached on pages 14 to 30 form an integral part of these accounts.**
12
## **Quench Christian Bookshops - Balance Sheet as at 31 May 2022**
|Note
**SORP**
**Ref**
**Fixed assets**
A
Tangible assets
12
A2
**Current assets**
B
Stocks
B1
Debtors
14
B2
Cash at bank and in hand
B4
**Total current assets**
**Creditors: amounts falling due within**
**one year**
15
C1
**Net current assets**
**The total net assets of the charity**
**Restricted funds**
Restricted Revenue Funds
25
D2
**Unrestricted Funds**
Unrestricted Revenue Funds
25
D3
**Designated Funds**
**Total charity funds**
**The total net assets of the charity are funded by the**|
**2022**
**2021**
**£**
**£**
358
750
21,388
34,391
10,337
10,393
30,844
30,821
62,569
75,605
(59,435)
(55,006)
3,134
20,599
**3,492**
**21,349**
1,500
1,500
1,500
1,500
1,992
19,849
1,992
19,849
**3,492**
**21,349**
**funds of the charity, as follows:-**|
|---|---|
||1,500
1,992
**funds of the**|
|||
The 'SORP Ref' indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA..
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The charity is subject to Independent Examination under charity legislation, and the report of the Independent Examiner is on page 8.
The financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.
## **J Hyde**
Trustee
Approved by the board of trustees on 23 February 2023
**The notes attached on pages 14 to 30 form an integral part of these accounts.**
13
## **Quench Christian Bookshops**
## **Notes to the Accounts for the year ended 31 May 2022**
## **1 Accounting policies**
## _**Policies relating to the production of the accounts.**_
## **Basis of preparation and accounting convention**
The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , effective January 2016, , and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.
Measurement and estimation - Accounting policies are supplemented by estimation techniques where judgement is required in measuring the value of income and expenditure and of assets and liabilities. As set out in the accounting policies on fixed assets and stock, judgement has been used to estimate the expected useful economic lives of fixed assets and estimation techniques have been used to arrive at the stock valuation by reducing the retail value of the stock to the cost price using known discounts on purchases.
## **Going Concern**
The charitable activities are entirely dependent on trading revenues supplemented by voluntary donations. During the Coronavirus pandemic, support was provided by government grants towards rent and wages; in the current year there were only grants towards wages and these ceased in September 2021. The charity also benefits from donations from individuals. During the year, the charity continued to assess the profitability of the retail spaces and consequently closed a shop in February 2022 leaving one retail premises with additional income via pop up bookstalls and other customer orders. Having taken these measures, the Trustees are satisfied that, at the time of approving the financial statements, it is appropriate to adopt the going concern basis in preparing the financial statements.
The trade was transferred from Strongbraid Limited as a going concern on 20 January 2012 together with net liabilities, primarily loans from the directors and shareholders of Strongbraid Limited who are also the directors and members of this company. The directors have in the years since formation loaned further funds to this company in order to provide working capital although no further loans were made in this year or the previous year. In 2020/21, the loans were written down to the maximum likely repayable amount and this amount was not revised in 2021/22. The remaining loans are interest-free and with no fixed repayment terms and the directors do not intend to withdraw such funds until the company can afford to repay them.
Other than these matters, the Trustees are not aware of any material uncertainties about the charity's ability to continue as a going concern.
## **Risks and future assumptions**
The charity is a public benefit entity.
The risks associated with the retail trading environment are mentioned in the Going Concern note above.
## _**Policies relating to categories of income and income recognition.**_
## **Nature of income**
Gross income represents the value, net of value added tax and discounts, of goods provided to customers, rental income and donations.
## **Categories of Income**
Income is categorised as income from exchange transactions (contract income) and income from non-exchange transactions (gifts), investment income and other income.
**Income from exchange transactions** is received by the charity for goods or services supplied under contract or where entitlement is subject to fulfilling performance related conditions. The income the charity receives is approximately equal in value to the goods or services supplied by the charity to the purchaser.
14
## **Quench Christian Bookshops**
## **Notes to the Accounts for the year ended 31 May 2022**
**Income from a non-exchange transaction** is where the charity receives value from the donor without providing equal value in exchange, and includes donations of money, goods and services freely given without giving equal value in exchange.
## **Income recognition**
Income, whether from exchange or non exchange transactions, is recognised in the statement of financial activities (SOFA) on a receivable basis, when a transaction or other event results in an increase in the charity’s assets or a reduction in its liabilities and only when the charity has legal entitlement, the income is probable and can be measured reliably.
Income subject to terms and conditions which must be met before the charity is entitled to the resources is not recognised until the conditions have been met.
All income is accounted for gross, before deducting any related fees or costs.
## **Accounting for deferred income and income received in advance**
Where terms and conditions relating to income have not been met or uncertainty exists as to whether the charity can meet any terms or conditions otherwise within its control, income is not recognised but is deferred as a liability until it is probable that the terms or conditions imposed can be met.
Any grant that is subject to performance-related conditions received in advance of delivering the goods and services required by that condition, or is subject to unmet conditions wholly outside the control of the recipient charity, is accounted for as a liability and shown on the balance sheet as deferred income. Deferred income is released to income in the reporting period in which the performance-related or other conditions that limit recognition are met. A Covid-19 small business grant was received in May 2020 an has been recognised fully in the financial year as the conditions had been met for the grant to be received.
When income from a grant or donation has not been recognised due to the conditions applying to the gift not being wholly within the control of the recipient charity, it is disclosed as a contingent asset if receipt of the grant or donation is probable once those conditions are met.
Where time related conditions are imposed or implied by a funder, then the income is apportioned to the time periods concerned,and, where applicable, is accounted for as a liability and shown on the balance sheet as deferred income. When grants are received in advance of the expenditure on the activity funded by them, but there are no specific time related conditions, then the income is not deferred.
Any condition that allows for the recovery by the donor of any unexpended part of a grant does not prevent recognition of the income concerned, but a liability to any repayment is recognised when repayment becomes probable.
## **Donated goods, facilities and services**
**Donated fixed assets** are recognised at the current fair value. All such donations are recognised as donation income, and debited to fixed assets. None have been received in this year or the prior year.
**Donated goods** that are not fixed assets are accounted for at a fair value, unless it is impractical to reliably measure the value of the donated items.
In the absence of any direct evidence of fair value of donated goods, then a value is derived from the cost of the item to the donor or, in the case of goods that are expected to be sold, the estimated resale value after deducting any anticipated costs of sales.
If it is impracticable to measure the fair value of goods donated for resale, or the costs of valuation outweigh the benefits, the donated goods are recognised as income when sold, with an equivalent amount being recognised as an expense. This is the treatment applied to second hand books donated to the charity.
The carrying amount of any stock held for distribution is assessed for impairment at the reporting date. All donated goods are recognised as donation income, and debited to trading stock. When trading stock is subsequently sold, then the carrying value of the stock is recognised as an expense. In accordance with the SORP, goods donated for resale are included in 'Income from other trading activities'
**Donated services and facilities** (including seconded staff and use of property) are included in the accounts on the basis of the value of the gift to the charity.
All donated services and facilities are recognised as donation income when received,(provided the value of the gift can be measured reliably) and recognised as an expense with an equivalent value. During the year and the prior year, the only such services were from volunteers and is covered by the specific policy further below.
15
## **Quench Christian Bookshops**
## **Notes to the Accounts for the year ended 31 May 2022**
## _**Policies relating to expenditure on goods and services provided to the charity.**_
## **Recognition of liabilities and expenditure**
A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated..
Liabilities arising from future funding commitments and constructive obligations, including performance related grants, where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates.
## **Allocating costs to activities**
Direct costs that are specifically related to an activity are allocated to that activity. Shared direct costs and support costs are apportioned between activities.
The basis for apportionment, which is consistently applied, and proportionate to the circumstances, is :-
**Staffing** - on the basis of time spent in connection with any particular activity.
**Premises related costs** - on the proportion of floor area occupied by a particular activity.
**Non specific support costs** - on the basis of the usage of resources, in terms of time taken, capacity used, request made or other measures
**Estimation techniques** would be used in apportioning costs if relevant.
## **Volunteers**
In accordance with the SORP, and in recognition of the difficulties in placing a monetary value on the contribution from volunteers, the contribution of volunteers is not included within the income of the charity. However, the trustees value the significant contribution made to the activities of the charity by unpaid volunteers and this is described more fully in Note7.
## _**Policies relating to assets, liabilities and provisions and other matters.**_
## _**Tangible fixed assets**_
Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described above. Cost value includes all costs expended in bringing the asset into its intended working condition. Expenditure below £100 is not usually capitalised.
Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over their estimated useful lives.
Plant and machinery
10-33.33 % straight line
A regular annual review of the likelihood of asset impairment is undertaken.
## **Stocks and work in progress**
Stock is valued at the lower of cost and net realisable value.
## **Debtors**
Debtors are measured at their recoverable amounts at the balance sheet date.
## **Creditors and provisions**
Creditors are recognised where there is a legal obligation relating to goods delivered or services undertaken. A liability is recognised for the amount that the charity anticipates it will pay to settle the debt or the amount it has received as an advance payment for goods or services it must provide. Provisions for liabilities are measured at the best estimate of their settlement amount.
16
## **Quench Christian Bookshops**
## **Notes to the Accounts for the year ended 31 May 2022**
## **Leasing and hire purchase contracts and commitments**
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the charity, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.
The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.
Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
## **Pensions - defined contribution schemes**
The charity operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
## **Fund Accounting**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Designated funds are unrestricted funds earmarked by the Trustees for particular purposes. There were no designated funds in this year or the prior year.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal or as implied by law.
There are no endowment funds.
## **2 Liability to taxation**
The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 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 on the specific charitable objects of the charity and for no other purpose. The company is registered for VAT although many products sold are zero-rated.
## **3 Winding up or dissolution of the charity**
If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.
## **4 Significance of financial instruments to the charity's position**
As explained in the accounting policies, the directors have loaned funds to the company which are interest-free and with no fixed repayment terms.
17
## **Quench Christian Bookshops**
## **Notes to the Accounts for the year ended 31 May 2022**
|**5**
The net surplus before tax in the financial year is stated after charging:-
Depreciation of owned fixed assets
Pension costs
**Extraordinary items - analysed by fund**
Unrestricted funds
-
Restricted funds
-
**_Total extraordinary items_**
Loans from directors were partially written off in 2021
**6**
**Donated goods, services and facilities**
**_Current year_**
**Current year**
**Unrestricted**
**Funds**
**2022**
**£**
**_Included in Other Trading Income:-_**
Income from the sale of donated goods
2,502
**2,502**
**Net surplus before tax in the financial year**|**5**
The net surplus before tax in the financial year is stated after charging:-
Depreciation of owned fixed assets
Pension costs
**Extraordinary items - analysed by fund**
Unrestricted funds
-
Restricted funds
-
**_Total extraordinary items_**
Loans from directors were partially written off in 2021
**6**
**Donated goods, services and facilities**
**_Current year_**
**Current year**
**Unrestricted**
**Funds**
**2022**
**£**
**_Included in Other Trading Income:-_**
Income from the sale of donated goods
2,502
**2,502**
**Net surplus before tax in the financial year**|**2022**
**£**|**2022**
**2021**
**£**
**£**
392
289
653
506
**2021**
**£**
(280,342)
-
**(280,342)**
**Current year**
**Prior Year**
**Total Funds**
**Total Funds**
**2022**
**2021**
**£**
**£**
2,502
599
**2,502**
**599**|
|---|---|---|---|
||**Current year**
**Unrestricted**
**Funds**
**2022**
**£**
2,502|||
|||**-**||
|||**Current year**
**Restricted**
**Funds**
**2022**
**£**
-||
||**2,502**|**-**||
The income above is from the sale of second-hand and damaged books. These are not included in the stock value when received as it is not known if they will sell. Income is recognised above when the sale has taken place.
As mentioned in the accounting policies and in the note below, the value of donated services is not included in the accounts as these arrangements are difficult to value in monetary terms.
## **7 The contribution of volunteers**
The charity depends on the support of its volunteers, which is much appreciated. During the year, there were no additional volunteers working in the shops but staff volunteer additional time without further pay. The Trustees all donate time and expertise without charge. The overall arrangements with Trustees, volunteers and volunteered staff are difficult to value precisely in monetary terms and have not been recognised in the Statement of Financial Activities. The volunteers and the charity accept and agree that no contract of employment is created by these arrangements.
## **8 Staff costs and emoluments**
|**_Salary costs_**
Gross Salaries excluding trustees and key management personnel
Employer's operating costs of defined
contribution pension schemes
**Total salaries, wages and related costs**|**2022**
**2021**
**£**
**£**
57,567
63,770
653
506
**58,220**
**64,276**|
|---|---|
18
## **Quench Christian Bookshops**
## **Notes to the Accounts for the year ended 31 May 2022**
|**es to the Accounts for the year ended 31 May 2022**|||
|---|---|---|
|**_Numbers of full time employees or full time equivalents_**|**2022**|**2021**|
|The average number of total staff employed in the year was|**8**|8|
|The average number of part time staff employed in the year was|8|8|
|The average number of full time staff employed in the year was|-|-|
|The estimated full time equivalent number of all staff employed in the year was|3|3|
|**_The estimated equivalent number of full time staff deployed in different activities in the year was:-_**|||
|Engaged on charitable activities|2|2|
|Engaged on publicity activities|-|-|
|Engaged on fundraising activities|-|-|
|Engaged on management and administration|1|1|
|**_The estimated full time equivalent number of all staff employed as above_**|3|3|
Neither the trustees nor any persons connected with them have received any remuneration from the charity or any related entity, either in the current or prior year.
No employees received emoluments (excluding pension costs) in excess of £60,000 per annum.
## **9 Defined contribution pension schemes**
The charity operates a defined contribution pension scheme via NEST, which was set up by the government to comply with the auto-enrolment pension requirements. The charity follows the required contribution levels for employers and employees.
All contributions are allocated to charitable activities and general funds.
Any liabilites and assets associated with the scheme are shown under debtors and creditors.
## **10 Remuneration and payments to Trustees and persons connected with them**
No trustees or persons connected with them received any remuneration from the charity, or any related entity.
## **11 Deferred income - Unrestricted and Designated funds**
|**_Current Year_**
Unredeemed gift vouchers
Rental income received in advance
**Total**
**These deferrals are included in creditors**
**_Prior Year_**
Unredeemed gift vouchers
Rent received in advance
**Total**
**These deferrals are included in creditors**|**Opening**
**Deferrals**
**£**
600
243|**Released**
**from prior**
**years**
**£**
-
-|**Received**
**Deferred**
**less released**
**at year end**
**in year**
**£**
**£**
(215)
385
(243)
-
(458)
385
**2022**
**2021**
**£**
**£**
385
843
**Received**
**Deferred**
**less released**
**at year end**
**in year**
**£**
**£**
(10)
600
-
243
(10)
843
**2021**
**2020**
**£**
**£**
843
852|
|---|---|---|---|
||843|-||
||**Opening**
**Deferrals**
**£**
610
243|**Released**
**from prior**
**years**
**£**
-
-||
||853|-||
|||||
Deferred income relates to gift vouchers purchased and not yet redeemed and to rental income received in advance.
19
## **Quench Christian Bookshops**
## **Notes to the Accounts for the year ended 31 May 2022**
## **12 Tangible fixed assets**
|**_Current Year_**
**Cost**
At 1 June 2021
Additions
**At 31 May 2022**
**Depreciation**
At 1 June 2021
Charge for the year
**At 31 May 2022**
**Net book value**
**At 31 May 2022**
**At 31 May 2021**
**_Prior Year_**
**Cost**
31 May 2020
Additions
**31 May 2021**
**Depreciation**
31 May 2020
Charge for the year
**31 May 2021**
**Net book value**
**31 May 2021**
**31 May 2020**|**Land and**
**Buildings**
£
-
-|**Plant &**
**Machinery**
£
15,312
-|**Motor**
**Vehicles**
**Total**
£
£
-
15,312
-
-
**-**
**15,312**
-
14,562
-
392
**-**
**14,954**
**-**
**358**
**-**
**750**
**Motor**
**Vehicles**
**Total**
£
£
-
15,225
-
87
**-**
**15,312**
-
14,273
-
289
**-**
**14,562**
**-**
**750**
**-**
**952**|
|---|---|---|---|
||**-**|**15,312**||
||-
-|14,562
392||
||**-**|**14,954**||
||**-**|**358**||
|||||
||**-**|**750**||
||**Land and**
**Buildings**
£
-
-|**Plant &**
**Machinery**
£
15,225
87||
||**-**|**15,312**||
||-
-|14,273
289||
||**-**|**14,562**||
||**-**|**750**||
|||||
||**-**|**952**||
20
## **Quench Christian Bookshops**
## **Notes to the Accounts for the year ended 31 May 2022**
|**13 Stocks & Work in Progress**
Stocks before write downs
**_Analysis of the carrying value of stocks and work in progress by activities_**
**2022**
**2021**
**£**
**£**
**_Activity_**
Charitable trading
-
-
-
-
**14 Debtors**
Trade debtors
Other debtors
**15 Creditors: amounts falling due within one year**
Trade creditors
Accruals
Deferred Income - Unrestricted & designated funds
PAYE, NIC VAT and other taxes
Other creditors
Defined contribution pension scheme liabilities due within one year
**16 Concessionary loans**
**_Loans received and owing by the charity included in creditors_**
Aggregate amount of concessionary loans due after more than one year
**Total**
**_Work in Progress_**|**13 Stocks & Work in Progress**
Stocks before write downs
**_Analysis of the carrying value of stocks and work in progress by activities_**
**2022**
**2021**
**£**
**£**
**_Activity_**
Charitable trading
-
-
-
-
**14 Debtors**
Trade debtors
Other debtors
**15 Creditors: amounts falling due within one year**
Trade creditors
Accruals
Deferred Income - Unrestricted & designated funds
PAYE, NIC VAT and other taxes
Other creditors
Defined contribution pension scheme liabilities due within one year
**16 Concessionary loans**
**_Loans received and owing by the charity included in creditors_**
Aggregate amount of concessionary loans due after more than one year
**Total**
**_Work in Progress_**|**13 Stocks & Work in Progress**
Stocks before write downs
**_Analysis of the carrying value of stocks and work in progress by activities_**
**2022**
**2021**
**£**
**£**
**_Activity_**
Charitable trading
-
-
-
-
**14 Debtors**
Trade debtors
Other debtors
**15 Creditors: amounts falling due within one year**
Trade creditors
Accruals
Deferred Income - Unrestricted & designated funds
PAYE, NIC VAT and other taxes
Other creditors
Defined contribution pension scheme liabilities due within one year
**16 Concessionary loans**
**_Loans received and owing by the charity included in creditors_**
Aggregate amount of concessionary loans due after more than one year
**Total**
**_Work in Progress_**|**2022**
**£**
21,388|**2021**
**£**
34,391|
|---|---|---|---|---|
||||21,388|34,391|
||-|-|||
||||||
The Trustees loaned money to the charity (and to the limited company from which the trade, assets and liabilities were transferred) and the amount outstanding is shown above. During the year part of the loans were written off. The remaining loans are interest-free and have no fixed repayment terms. The Trustees have indicated that they will not seek repayment unless the company is able to make repayment without compromising the activities of the company.
21
## **Quench Christian Bookshops**
## **Notes to the Accounts for the year ended 31 May 2022**
## **17 Loans to trustees included in debtors**
There were no loans to Trustees.
## **18 Guarantees made by the charity on behalf of trustees**
There were no such guarantees.
|**19 Financial commitments under operating leases**
Operating leases which expire:
within one year
within two to five years
in over five years
**20 Transfers between funds**
**Current year**
**_Current year_**
**Unrestricted**
**Funds**
**2022**
**£**
**At 1 June 2021**
-
Transfers in the year
-
**At 31 May 2022**
**-**
**21 Income and Expenditure account summary**
**At 1 June 2021**
Surplus after tax for the year
**At 31 May 2022**
**At the year end the charity had annual commitments under non-**
**cancellable operating leases as set out below:**|**19 Financial commitments under operating leases**
Operating leases which expire:
within one year
within two to five years
in over five years
**20 Transfers between funds**
**Current year**
**_Current year_**
**Unrestricted**
**Funds**
**2022**
**£**
**At 1 June 2021**
-
Transfers in the year
-
**At 31 May 2022**
**-**
**21 Income and Expenditure account summary**
**At 1 June 2021**
Surplus after tax for the year
**At 31 May 2022**
**At the year end the charity had annual commitments under non-**
**cancellable operating leases as set out below:**|**Current year**
**Restricted**
**Funds**
**2022**
**£**
-
-|**2022**
**2021**
**£**
**£**
-
17,500
-
-
7,200
7,837
**7,200**
**25,337**
**Current year**
**Prior Year**
**Total Funds**
**Total Funds**
**2022**
**2021**
**£**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**2022**
**2021**
**£**
**£**
21,349
(263,228)
(17,857)
284,577
**3,492**
**21,349**|
|---|---|---|---|
||**-**|**-**||
|||||
## **22 Post balance sheet events**
See Going Concern note for developments since the year end.
## **23 Related party transactions and Extraordinary Items**
Other creditors include £39,966 (prior year: £40,000) of loans from Trustees who are also members. The loans have been written down to the maximum likely repayable amount. The remaining loans are interest-free and have no fixed repayment terms. The Trustees have indicated that they will not seek repayment unless the company is able to make repayment without compromising the activities of the company.
||**2022**|**2021**|
|---|---|---|
||**£**|**£**|
|**A Bronnimann & J Hyde**|||
|Members, directors and Trustees|||
|Loan to the company|||
|Amount repaid to Trustees|34|-|
22
## **Quench Christian Bookshops**
## **Notes to the Accounts for the year ended 31 May 2022**
## **24 Particulars of how particular funds are represented by assets and liabilities**
|**At 31 May 2022**
Tangible Fixed Assets
Current Assets
Current Liabilities
**At 1 June 2021**
Tangible Fixed Assets
Current Assets
Current Liabilities|**Unrestricted**
**funds**
**£**
358
61,069
(59,435)|**Designated**
**funds**
**£**
-
-|**Restricted**
**Total**
**funds**
**Funds**
**£**
**£**
-
**358**
1,500
**62,569**
-
**(59,435)**
**1,500**
**3,492**
**Restricted**
**Total**
**funds**
**Funds**
**£**
**£**
-
**750**
1,500
**75,605**
-
**(55,006)**
**1,500**
**21,349**|
|---|---|---|---|
||**1,992**|**-**||
||**Unrestricted**
**funds**
**£**
750
74,105
(55,006)|**Designated**
**funds**
**£**
-
-
-||
||**19,849**|**-**||
## **25 Change in total funds over the year as shown in Note 24 , analysed by individual funds**
|**_Unrestricted and designated funds:-_**
Unrestricted Revenue Funds
**Total unrestricted and designated funds**
**_Restricted funds:-_**
Donations for fixed asset purchases
**Total restricted funds**
**Total charity funds**|**Funds brought**
**forward from**
**2021**
**£**
19,849|**Movement in**
**funds in 2022**
**See Note 26**
**£**
(17,857)|**Funds carried**
**forward to**
**2023**
**See Note 27**
**£**
**£**
**-**
**1,992**
**-**
**1,992**
-
**1,500**
**-**
**1,500**
**-**
**3,492**
**Transfers**
**between**
**funds in 2022**|
|---|---|---|---|
||**19,849**|**(17,857)**||
||1,500|-||
||**1,500**|**-**||
|||||
||**21,349**|**(17,857)**||
23
## **Quench Christian Bookshops**
## **Notes to the Accounts for the year ended 31 May 2022**
## **26 Analysis of movements in funds over the year as shown in Note 25**
|**Other**
**Income**
**Expenditure**
**Gains &**
**Losses**
**2022**
**2022**
**2022**
**£**
**£**
**£**
**_Unrestricted and designated funds:-_**
Unrestricted Revenue Funds
153,213
(171,070)
-
**_Restricted funds:-_**
Restricted Revenue Funds
599
(599)
-
**153,812**
**(171,669)**
**-**
**Details of transfers between funds**
To/(from) Restricted Revenue Funds
**Net transfers**
**_The transfers shown in note 25 above are:-_**
To/(from) Unrestricted Revenue Funds in accordance with the accounting policy 'Accounting for capital
grants and fixed asset funds'.|**Income**
**2022**
**£**
153,213
599|**Expenditure**
**2022**
**£**
(171,070)
(599)|**Other**
**Gains &**
**Losses**
**2022**
**£**
-
-|**Movement**
**in funds**
**2022**
**£**
**(17,857)**
**-**|
|---|---|---|---|---|
||**153,812**|**(171,669)**|**-**|**(17,857)**|
|||||**2022**
**£**
-
-|
|||||**-**|
## **27 Details of transfers between funds**
## **28 The purposes for which the funds**
## _**Unrestricted and designated funds:-**_
These funds are held for the meeting the objectives of the charity, and to Unrestricted Revenue Funds provide reserves for future activities, and , subject to charity legislation, are free from all restrictions on their use.
This fund represents the unrestricted surplus arising on the revaluation of Unrestricted Revaluation Reserve the charity's assets. The purpose of these funds is described under the accounting policy Designated Fixed Asset Funds 'Accounting for capital grants and fixed asset funds'.
## _**Restricted funds:-**_
The purpose of these funds is described under the accounting policy Restricted Fixed Asset Funds 'Accounting for capital grants and fixed asset funds'. This fund represents the restricted surplus arising on the revaluation of the Restricted Revaluation Reserve charity's assets. Restricted donations for rent This fund relates to donations given towards the cost of rent. Donations for fixed asset purchases This fund relates to donations given for specific capital expenditure
## **29 Ultimate controlling party**
The charity is under the control of its legal members.
Every member of the charity is obliged to contribute such amount as may be required not exceeding £1 to the assets of the company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.
24
## **Quench Christian Bookshops**
**Detailed analysis of income and expenditure for the year ended 31 May 2022 as required by the SORP 2015**
## _**This analysis is classified by conventional nominal descriptions and not by activity.**_
## **30 Donations, Grants and Legacies**
|**Donations, Grants and Legacies**|||||
|---|---|---|---|---|
|**Donations and gifts from individuals**
Refunds from HMRC on gift aided donations
**Total donations and gifts from**
**individuals**
J&M Hyde
Small donations individually less than £1500|**Current year**
**Unrestricted**
**Funds**
**2022**
**£**
8,533
619
-|**Current year**
**Restricted**
**Funds**
**2022**
**£**
599
-
-
**599**|**Current year**
**Total Funds**
**2022**
**£**
**9,132**
**619**
**-**
**9,751**|**Prior Year**
**Total Funds**
**2021**
**£**
3,923
585
-|
||**9,152**|||**4,508**|
## **Donations and gifts from individuals (Include HMRC refunds on gift aided donations) - Prior Year analysis**
|**Prior year**
**Revenue grants from government and public bodies**
Total private sector revenue grants & donations
Booksellers Association restricted donation
**Total public sector revenue grants**
St Luke's church, Maidenhead
**Revenue grants and donations from non**
**public bodies**
Crowthorne Baptist Church
Small donations individually less than £1500
Covid Grants via Local Authority
Coronavirus Job Retention Scheme grants
**Revenue grants from government and**
**public bodies**|**Prior Year**
**Unrestricted**
**Funds**
**2021**
**£**
**4,508**|**Prior Year**
**Restricted**
**Funds**
**2021**
**£**
**-**
**Current year**
**Restricted**
**Funds**
**2022**
**£**
-
-
**-**
**Current year**
**Restricted**
**Funds**
**2022**
**£**
-
-
-
-
**-**|**Prior Year**
**Total Funds**
**2021**
**£**
**4,508**
**Current year**
**Total Funds**
**2022**
**£**
**-**
**2,284**
**2,284**
**Current year**
**Total Funds**
**2022**
**£**
**1,200**
**-**
**-**
**-**
**1,200**|**Prior Year**
**Total Funds**
**2021**
**£**
32,194
23,934|
|---|---|---|---|---|
||**Current year**
**Unrestricted**
**Funds**
**2022**
**£**
-
2,284||||
||**2,284**|||**56,128**|
||**Current year**
**Unrestricted**
**Funds**
**2022**
**£**
1,200
-
-
-|||**Prior Year**
**Total Funds**
**2021**
**£**
1,200
-
1,260
1,500|
||**1,200**|||**3,960**|
25
## **Quench Christian Bookshops**
## **Detailed analysis of income and expenditure for the year ended 31 May 2022 as required by the SORP 2015**
**Revenue grants and donations from non public bodies (Include Gift Aid donations from subsidiaries) - Prior Year analysis**
|**Prior Year**
**Unrestricted**
**Funds**
**2021**
**£**
Crowthorne Baptist Church
1,200
1,260
-
Small donations individually less than £1500
-
Total private sector revenue grants & donations
**2,460**
**Total Donations, Grants and Legacies**
**Total Donations, Grants and**
**Legacies**
**A1**
**12,636**
**_Prior year_**
**Unrestricted**
**Funds**
**2021**
**£**
**Total Donations, Grants and**
**Legacies**
**A1**
**63,096**
**31 Income from charitable activities - Trading Activities**
**_Current year_**
**Current year**
**Unrestricted**
**Funds**
**2022**
**£**
**Primary purpose and ancillary trading**
127,149
**Total Primary purpose and ancillary trading**
**127,149**
**32**
**Current year**
**_Current year_**
**Unrestricted**
**Funds**
**2022**
**£**
Total income from charitable trading
127,149
**Total from charitable activities**
**A2**
**127,149**
Sale of goods and services in accordance
with the charity's objects
**Total Income from charitable activities**
St Luke's church, Maidenhead
Booksellers Association restricted donation|**Prior Year**
**Unrestricted**
**Funds**
**2021**
**£**
1,200
1,260
-
-|**Prior Year**
**Restricted**
**Funds**
**2021**
**£**
-
-
1,500
-
**1,500**|**Prior Year**
**Total Funds**
**2021**
**£**
**1,200**
**1,260**
**1,500**
**-**
**3,960**||
|---|---|---|---|---|
||**2,460**||||
||||||
||||||
||**12,636**|**599**
**Restricted**
**Funds**
**2021**
**£**
**1,500**
**Current year**
**Restricted**
**Funds**
**2022**
**£**
-
**-**
**Current year**
**Restricted**
**Funds**
**2022**
**£**
-
**-**|**13,235**
**Prior Year**
**Total Funds**
**2021**
**£**
**64,596**
**Current year**
**Total Funds**
**2022**
**£**
**127,149**
**127,149**
**Current year**
**Total Funds**
**2022**
**£**
**127,149**
**127,149**|**64,596**|
||**Unrestricted**
**Funds**
**2021**
**£**|||**Prior Year**
**Total funds**
**2021**
**£**
82,364|
||**63,096**||||
||**127,149**|||**82,364**|
||**Current year**
**Unrestricted**
**Funds**
**2022**
**£**
127,149|||**Prior Year**
**Total Funds**
**2021**
**£**
82,364|
||**127,149**|||**82,364**|
26
## **Quench Christian Bookshops**
**Detailed analysis of income and expenditure for the year ended 31 May 2022 as required by the SORP 2015**
## **33 Income from other, non charitable, trading activities**
|**Total from other activities**
**A3**
**Investment income**
Bank Interest Receivable
**Total investment income**
**A4**
Income from the sale of donated goods
Commission and compensation received
Income from letting and licensing of
property for non charitable purposes|**Current year**
**Unrestricted**
**Funds**
**2022**
**£**
2,502
1,789
9,137|**Current year**
**Restricted**
**Funds**
**2022**
**£**
-
-
-
**-**|**Current year**
**Total Funds**
**2022**
**£**
**2,502**
**1,789**
**9,137**
**13,428**|**Prior Year**
**Total Funds**
**2021**
**£**
599
1,270
14,377|
|---|---|---|---|---|
||**13,428**|||**16,246**|
|||||**Prior Year**
**Total Funds**
**2021**
**£**
-|
||||||
||**Current year**
**Unrestricted**
**Funds**
**2022**
**£**
-|**Current year**
**Restricted**
**Funds**
**2022**
**£**
-
**-**|**Current year**
**Total Funds**
**2022**
**£**
**-**
**-**||
||**-**|||**-**|
## **34 Investment income**
## **35 Expenditure on charitable activities - Charitable trading**
|**_Current Year_**
Reallocated from support costs
**Total charitable trading costs**
**B2b**
Bank charges and card processing
fees
Gross wages and salaries - charitable
trading activities
Cost of goods for primary purpose
trading - Including movement in stock
Marketing and advertising of primary
purpose trading
Software licences and expenses
Memberships
Defined contribution pension costs -
charitable trading activities|**Current year**
**Unrestricted**
**Funds**
**2022**
**£**
77,045
625
57,567
653
584
1,698
2,039
25,814|**Current year**
**Restricted**
**Funds**
**2022**
**£**
599
-
-
-
-
-
-
-
**599**|**Current year**
**Prior Year**
**Total Funds**
**Total Funds**
**2022**
**2021**
**£**
**£**
**77,644**
**51,990**
**625**
**909**
**57,567**
**63,770**
**653**
**506**
**584**
**651**
**1,698**
**2,044**
**2,039**
**2,068**
**25,814**
**31,529**|
|---|---|---|---|
||**166,025**||**166,624**
**153,467**|
27
## **Quench Christian Bookshops**
**Detailed analysis of income and expenditure for the year ended 31 May 2022 as required by the SORP 2015**
## **36 Support costs for charitable activities**
|**Support costs for charitable activities**|||
|---|---|---|
|**Current year**
**Current year**
**_Current Year_**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**2022**
**2022**
**£**
**£**
**_Employee costs not included in direct costs_**
1,159
-
**_Premises Expenses_**
18,867
-
1,846
-
2,687
-
Premises repairs, renewals and maintenance
1,281
-
152
-
**_Administrative overheads_**
1,430
-
486
-
84
-
593
-
96
-
As detailed in Note 37
_1,311_
_-_
**_Financial costs_**
392
-
**Support costs before reallocation**
**30,384**
**-**
**_Less support costs reallocated to specific activities_**
To charitable trading costs
(25,814)
-
**Total support costs - Current Year**
**4,570**
**-**
The basis of allocation of costs between activities is described under accounting policies
Light heat and power
Travel and subsistence - staff
Rates and water charges
Rent payable under operating leases
Telephone, fax and internet
Stationery and printing
Property insurance
Liabilty and contents insurance
**_Professional fees paid to the Auditor or Independent Examiner in addition to_**
**_fees_**
Hire of equipment
Depreciation & Amortisation in total for the period
Sundry expenses|**Current year**
**Prior Year**
**Total Funds**
**Total Funds**
**2022**
**2021**
**£**
**£**
**1,159**
**1,427**
**18,867**
**22,550**
**1,846**
**2,373**
**2,687**
**2,626**
**1,281**
**3,260**
**152**
**159**
**1,430**
**1,111**
**486**
**825**
**84**
**64**
**593**
**649**
**96**
**-**
**1,311**
**1,250**
**392**
**289**
**_audit and examination_**||
||**30,384**
**(25,814)**
**4,570**|**36,583**
**(31,529)**|
|||**5,054**|
|||~~**-**~~
**-**
**-**|
All the expenditure in the prior year was unrestricted.
28
## **Quench Christian Bookshops**
**Detailed analysis of income and expenditure for the year ended 31 May 2022 as required by the SORP 2015**
## **37 Other Expenditure - Governance costs**
|**_Current Year_**
Independent Examiner's fees
**Total Governance costs**|**Current year**
**Unrestricted**
**Funds**
**2022**
**£**
475|**Current year**
**Restricted**
**Funds**
**2022**
**£**
-
**-**|**Current year**
**Total Funds**
**2022**
**£**
**475**
**475**|**Prior Year**
**Total Funds**
**2021**
**£**
**450**|
|---|---|---|---|---|
||**475**|||**450**|
## _**Professional fees paid to the Auditor or Independent Examiner in addition to audit and examination fees**_
|Fees paid to the examiner's firm
**Total additional fees included in**
**support costs at Note 36**|**Current year**
**Unrestricted**
**Funds**
**2022**
**£**
1,311|**Current year**
**Restricted**
**Funds**
**2022**
**£**
-
**-**|**Current year**
**Total Funds**
**2022**
**£**
**1,311**
**1,311**|**Prior Year**
**Total Funds**
**2021**
**£**
**1,250**|
|---|---|---|---|---|
||**1,311**|||**1,250**|
All the expenditure in the prior year was unrestricted.
## _**Professional fees paid to the Auditor or Independent Examiner in addition to audit and examination fees**_
|Fees paid to the examiner's firm
**Total Charitable expenditure**
**_Current Year_**
Total charitable trading costs
**B2b**
Total support costs
**B2d**
Total Governance costs
**B2e**
**Total charitable expenditure**
**B2**|**Prior Year**
**Unrestricted**
**Funds**
**2021**
**£**
1,250
**Current year**
**Unrestricted**
**Funds**
**2022**
**£**
166,025
4,570
475|**Prior Year**
**Restricted**
**Funds**
**2021**
**£**
-
**Current year**
**Restricted**
**Funds**
**2022**
**£**
599
-
-
**599**|**Prior Year**
**Total Funds**
**2021**
**£**
**1,250**
**Current year**
**Total Funds**
**2022**
**£**
**166,624**
**4,570**
**475**
**171,669**|**Prior Year**
**Total Funds**
**2021**
**£**
**153,467**
**5,054**
**450**|
|---|---|---|---|---|
||**171,070**|||**158,971**|
## **38 Total Charitable expenditure**
All the expenditure in the prior year was unrestricted.
29
## **Quench Christian Bookshops**
**Detailed analysis of income and expenditure for the year ended 31 May 2022 as required by the SORP 2015**
|**_Prior Year_**
Total charitable trading costs
**B2b**
Total support costs
**B2d**
Total Governance costs
**B2e**
**Total charitable expenditure**
**B2**|**Prior Year**
**Unrestricted**
**Funds**
**2021**
**£**
153,467
5,054
450|**Prior Year**
**Prior Year**
**Restricted**
**Funds**
**Total Funds**
**2021**
**2021**
**£**
**£**
-
**153,467**
-
**5,054**
-
**450**|
|---|---|---|
||**158,971**|**-**
**158,971**|
30