OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-12-31-accounts

Registered Charity Number: 1158977

Sharing Life. Living Faith.

Report of the Trustees and Unaudited Financial Statements For the year ended 31[st] December 2022

SOUTH STREET EVANGELICAL CHURCH

CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31[st] December 2022

Page
Report of the Trustees 1 to 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Statement of Financial Position 9
Notes to the Financial Statements 10 to 13
Detailed Statement of Financial Activities 14

SOUTH STREET EVANGELICAL CHURCH

REPORT OF THE TRUSTEES for the year ended 31[st] December 2022

The trustees present their report and financial statements for the year ended 31st December 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).

Objectives and Aims

The purposes of the Charity are teaching, preaching and propagating the Christian faith in accordance with the Charity’s statement of beliefs, principally in Devon, but also by supporting and encouraging Christian faith throughout the world and to relieve the distress of those who are in conditions of need or hardship or who are aged or sick, principally in Devon, but in such other locations, both in the United Kingdom and the world as maybe thought fit.

The Church continues to meet in Christ Church on Sunday for the main meetings but use the church building in South Street extensively during the week. Other areas of work include Bible teaching ministry, Worship, Care and visiting, Home Groups, Sunday School, Toddler Groups, The Point and Youth Ministry. The Church also supports, through gifts, mission work throughout the UK and the rest of the world.

Public benefit

The Trustees have considered the Charity Commission guidance on public benefit and consider that the activities of the charity meet its charitable objectives and provide a benefit to the public.

Achievement and Performance Charitable activities

ADMINISTRATION

There have been no changes within the Trustees, Deacons or Elders.

Chloe Livingstone was appointed in September as Youth Worker for the church.

TRUSTEES

Russell Howard (Resigned), Andrew Conibear (Chair), Simon Ogden, Bev Vale, Rosemary Sherwin and Tim Spelman (Elder)

The Trustees have not been able to meet as often as they would like due to a series of personal circumstances. They have now made a plan of action for the future and has started. The Chair of Trustees was sent monthly reports by the Treasurer and is fully aware of the financial situation of the church.

The following policies are available and a copy is kept in the office and on the Church Manager and Treasurer’s computers.

The policies marked with a star have been reviewed by the Trustees

Equality, Diversity and Inclusion Fire Safety First Aid Food Handling GDPR South Street Church Health and Safety Finance Policy * Financial Controls * Social Media Whistle Blowing Grant Making * Reserves Grant Making/Charitable Donations Anti Money Laundering * Paying Staff Volunteers Investments Lettings Complaints Handling Confidentiality Conflict of Interest Risk Management Safeguarding

CHILDREN AND FAMILY WORKER

In 2022 we continued with two Toddler Groups for 0-3 year olds and started a new preschool group for 3 & 4 year olds once a week. We now have the capacity for approximately 50 families to attend each week.

The children’s provision on a Sunday afternoon continues with groups for Under 5s, 5-10 year olds and two groups for 10years+

We have restarted our very popular Extravaganzas. The Christmas Extravaganza was very well attended by our church family and non-congregation people from the community who have, mostly, had previous links through South Street either via Toddler Group and/or Messy Church.

YOUTH WORKER

Page 3

SOUTH STREET EVANGELICAL CHURCH

REPORT OF THE TRUSTEES

for the year ended 31[st] December 2022

REPORT ON IMPACT AT THE ACADEMY

Chloe has been running two lunchtime clubs at Braunton Academy since September. The clubs are open and welcoming and are very popular with our students of all ages. The students enjoy attending. "The quiet club is relaxing and we get to do creative tasks". "It is a safe friendly place to come". The Christian Union group has been debating our school 'Theme of the Week', and has seen some interesting conversations.

Chloe has also set up and delivered a mentoring course focussed on building self-esteem with our Year 9 students. This was aimed at two target groups within the Year 9 cohort. Chloe worked with group of 6-8 students in single sex groups. The sessions lasted for 8 weeks. After getting to know the young people Chloe was able to tailor the course to suit their needs. The students who attended found that they really enjoyed and benefitted from the course and Chloe spoke of how they really opened up as time went on. The students really benefitted from Chloe's time and expertise and I am hoping we can offer the same to more students in the future.

THE POINT

This is a Youth group, open to young people from School years 6 – 9, during term time only. It takes place on a Sunday evening, 6.30pm- 8.00pm, and is based at St. George’s House. There are around 20 young people who, attend from South Street Church as well as from the local area of Braunton, Saunton, Croyde and Georgeham. There has been lots of fun playing games such as spotlight, mafia, signs, pool and table football. Each night we have a small discussion and we have been working through Bear Grylls Soul Fuel The young people benefit from attending the group and get a chance to explore God.

SUNDAY GROUPS

The older group has been going through the books of the Bible in order.

It has been great to study this and to get a better understanding of the full picture of the Bible and continually increase our knowledge. The young people have also been staying in for some of the sermons at their request. PASTOR

2022 was our first full year without social distancing, masks and sanitiser! While we regrouped we sensed we should adapt by inviting homegroups to host Sunday services. It's been a real encouragement to see every member involved in facilitating our corporate worship. We've seen the worship and preaching teams expanding. This has been a model that we've continued with, and which we believe has strengthened the fellowship with a missional mindset to further serve our community through personal witness, foodbank, cafe, Messy Church, connecting and serving at the academy and more. We've had many newcomers join us, some exploring Christianity for the first time. We started a series equipping believers to answer objections and questions people have about Christianity, which has generated fruitful thought and discussion. God is good!

FOODBANK

The Wednesday food bank opened alongside the Cafe on the 9/11/22 The hours that we open on a Wednesday remain the same 12 pm -1.30pm Over the months we have increased the number of client's from the initial 3 to up to 17 in one session. Vouchers can be pre-created for clients who contact us on the Foodbank phone. Most food is delivered as many clients do not have access to cars or are house bound. At Christmas we were able to provide hampers for all our clients. We initially set up with one screened area in the hall to provide privacy but due to the increase in clients, we have now provided two screened areas for privacy. In addition we have a private area by the kitchen for more complex conversations. We continue to collect food from Tesco twice a week and receive between 150 to 200kg each week of donated food. Due to the increase in clients we are now having to receive food from the Bideford warehouse at least once a month. We are supported by a number of local business in the area. The Worx supports the Cafe and we have had large food donations at Christmas from Siam Bistro and Kitchen Canteen at Croyde. Donations from rotary clubs and other local charities and business has also helped. We have around 34 volunteers registered with us, some from our church and many from the community. They volunteer each week in the Foodbank Reception, shed collections, deliveries to clients and the café. We are becoming better at sign posting clients to professional bodies and charities to help them move out of crisis, but this is a long term goal for clients as the current economic situation makes it difficult for many to move out of financial crisis. Many clients have significant physical and mental health issues alongside financial difficulties. We have net worked with many local organisations, and have available in the church hall, many useful information leaflets for clients to take.

WARM SPACE CAFÉ

The Café at South Street Church is open on a Wednesday at the same time as the Food bank 12 – 1.30pm We now have a few regular visitors who enjoy the food and company just because they can or because they are Food

Page 4

SOUTH STREET EVANGELICAL CHURCH

REPORT OF THE TRUSTEES

for the year ended 31[st] December 2022

Bank customers awaiting their assessment or food parcels. We are beginning to promote the Café further by advertising it separately from the Foodbank. This is so that the community don’t think that to attend the café they have to be a Food Bank customer. The café is on a ‘Pay what you can’ basis and we hope that as time goes by it can be selfsupporting. In the meantime the Northern Devon Foodbank support our work in tandem with the Foodbank. MAINTENANCE – Simon Ogden

I have continued to assist in the general running and maintenance of the South Street Chruch building and food bank shed. General maintenance involves both external and internal maintenance. I regularly assess the building and try where possible to be proactive in maintenance but i am also instructed by the church manager when items need attention. The hedges and ground are regularly attended. This has included some paint work touch up. MUSIC GROUP – Tim Spelman

The music group within church has expanded and includes more musicians and singers. HOME GROUP REPORT- Anne Francis

We continue with 8 home Groups, held on different days and at different times, so as to provide a session which all members will have an opportunity to access. The 2 benefits of these home Groups is for us as a church to grow in the grace and knowledge of God, and to grow closer together, supporting and encouraging where needed. CARE AND VISITING TEAM REPORT – Rose Perkins

Most of the care was provided by Home Groups, with the leaders having the closest relationship with their members and knowing the needs. We continued to send flowers and cards where appropriate. We also provided meals for identified families within the church.

Financial review

The Trustees consider the financial performance by the charity during the year to have been satisfactory. The Statement of Financial Activities show net outgoing resources for the year of a revenue nature of £8,930 (PY Incoming £9,161)

The total unrestricted reserves at the year-end re £116,612 (PY £121,418).

Reserves policy

The Trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets ('the free reserves') held by the Charity should be approximately three months of the resources expended. At this level the Trustees feel that they would be able to continue the current activities of the Charity in the event of a significant drop in income.

Policies

Policies held in the church office are:

Structure, Governance and Management

Governing document

The charity is governed by its foundation constitution dated 28th October 2014. The Charity is a Charitable Incorporated Organisation.

Recruitment and appointment of new trustees

Trustees are members we can trust to represent the church to the legal and financial authorities of the UK. They are named in our Constitution on our website (www.southstreetchurch.co.uk) and are elected by the

members at Annual General Meetings. Trustees serve for two years before either standing down or standing for reelection. From the inception of our new charitable status, the order in which the new Trustees will stand for re-election is based upon the alphabetical order of their surnames. The Trustees elect a Chairman annually who will chair for one year. The Chairman has the casting vote at Trustee’s meetings if there is a split decision. The Trustees are also

Page 5

SOUTH STREET EVANGELICAL CHURCH

REPORT OF THE TRUSTEES for the year ended 31[st] December 2022

responsible for keeping a record of members. Under the terms of our Constitution the Trustees can delegate the running of the church and the spiritual guidance of the church to other groups if they want to, provided they know what is going on. This includes the duties and responsibilities such as: The appointment of line managers for each employee on an annual basis.

The Trustees met twice times during the year in February and October. The role of the Trustees can be reviewed in the ‘Constitution’ document on the church website and also in the document ‘How are we organised?’, also available on the church website. The Trustees are responsible for representing ‘South Street Evangelical Church CIO’, to the legal and financial authorities of the UK. The Trustees regularly monitor the financial health of the church accounts and seek to ensure that at all times high standards of governance are applied.

The Trustees consider and update all the policies necessary for a church on a regular basis.

Reference and Administration Details Registered name

South Street Evangelical Church

Registered Charity number

1158977

Principal address

South Street Braunton EX33 2AS

Senior Staff

Seb Latimer (Pastor)

Sue Nightingale (Administrator)

Trustees

Name Position Appointments/Resignations Russell Howard Resigned Andrew Conibear Chair Rosemary Sherwin Tim Spelman Elder Trustee Appointed January 2022 Simon Ogden Beverley Vale

Independent Examiner

Magnus Proctor Lindisfarne Landkey Road Barnstaple EX32 9BW

Approved by the board of trustees on ....................................................... and signed on its behalf by:

............................................. Andrew Conibear, Chair

Page 6

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SOUTH STREET EVANGELICAL CHURCH

Independent examiner's report to the trustees of South Street Evangelical Church

I report to the charity trustees on my examination of the accounts of South Street Evangelical Church (the Trust) for the year ended 31[st] December 2022.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

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 Trust as required by section 130 of the Act; or

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

  3. the accounts 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 confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.

Signed:

Magnus Proctor FFA Institute of Financial Accountants Lindisfarne, Landkey Road Barnstaple, Devon EX32 9BW

24/02/2023

Date: .............................................

Page 7

SOUTH STREET EVANGELICAL CHURCH

STATEMENT OF FINANCIAL ACTIVITIES for the Year ended 31[st] December 2022

Notes
Income and Endowments
Donations and legacies
2
Rental income
Grant income
Investment income
3
Total Incoming Resources
Charitable activities
Advancement of the Christian Faith
4/5
Total Resources Expended
Net Incoming / (Outgoing) resources
Transfer between funds
Reconciliation of Funds
Total Funds brought forward
Total Funds carried forward		 2022
2021
Unrestricted
funds
Restricted
funds
Total
Total
£
£
£
£
90,549
6,463
97,012
83,602
698
0
698
465
500
0
500
942
448
0
448
220
92,195
6,463
98,658
85,229
97,225
10,363
107,588
94,390
97,225
10,363
107,588
94,390
(5,030)
(3,900)
(8,930)
(9,161)
(26)
26
0
0
(5,056)
(3,874)
(8,930)
(9,161)
121,418
4,032
125,720
134,881
116,362
428
116,790
125,720

The notes form part of these financial statements

Page 8

SOUTH STREET EVANGELICAL CHURCH

STATEMENT OF FINANCIAL POSITION At 31[st] December 2022

Notes
Fixed Assets
Tangible assets
7
Current Assets
Debtors
Cash at bank
Current Liabilities
Amounts falling due within one year
8
Current Assets less Current Liabilities
Total Assets less Current Liabilities
Funds
Restricted funds
9
Unrestricted funds
9
Total funds		 2022
2021
Unrestricted
funds
Restricted
funds
Total
Total
£
£
£
£
0
0
0
0
0
0
0
0
116,612
428
117040
126,240
116,612
428
117,040
126,240
(250)
0
(250)
(520)
116,362
428
116,790
125,720
116,362
428
116,790
125,720
428
428
4,302
116,362
116,362
121,418
116,362
428
116,790
125,720

The financial statements were approved by the Board of Trustees on …………………….and were signed on its behalf by:

............................................. Andrew Conibear, Chair

The notes form part of these financial statements

Page 9

SOUTH STREET EVANGELICAL CHURCH NOTES TO THE FINANCIAL STATEMENTS

1. Accounting Policies

Basis of preparing the financial statements and assessment of going concern

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment and fixtures and fittings - 4 years straight line

Taxation

The charity is exempt from tax on its charitable activities.

Debtors

Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid.

Cash at bank and in hand

Cash at bank and in hand includes cash, current bank accounts and deposit bank accounts with no withdrawal limitations.

Creditors

Creditors are recognised where then charity has a present obligation resulting from a past event that will result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are recognised at their settlement amount.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

The notes form part of these financial statements

Page 10

SOUTH STREET EVANGELICAL CHURCH NOTES TO THE FINANCIAL STATEMENTS

2. Donations and Legacies

Donations
Gift Aid received
Grant received
Other income
Donations
Gift Aid received
Grant received
Other income		 Unrestricted
Restricted
2022
£
£
£
78,662
6,643
85,125
11,887
0
11,887
500
0
500
698
0
698



91,747
6,463
98,210
Unrestricted
Restricted
2021
£
£
£
65,440
2,551
67,991
15,611
0
15,611
0
942
942
465
0
465
81,736
3,493
85,229

3. Investment income

Investment income
Interest income
Interest income
Expenditure on charitable activities
Church charitable activities
Support costs
Church charitable activities
Support costs
Analysis of support costs
On church activities:
Independent examiner
Accountancy
Insurance		 Unrestricted
£
448		 Restricted
2022
£
£
0
448
Restricted
2021
£
£
0
220
Restricted
2022
£
£
10,363
106,415
0
1,173
10,363
107,588
Restricted
2021
£
£
5,238
93,052
0
1,338
5,238
94,390
2022
2021
£
£
0
0
250
520
923
774

1,173
1,294
Unrestricted
£
220
Unrestricted
£
96,052
1,173
97,225
Unrestricted
£
87,814
1,338
89,152

4. Expenditure on charitable activities

5. Analysis of support costs

The notes form part of these financial statements

Page 11

SOUTH STREET EVANGELICAL CHURCH NOTES TO THE FINANCIAL STATEMENTS

6. Staff costs

Salaries
Pension costs
Trustees’ expenses
There were no trustees' expenses paid for the year ended 31stDecember 2021.
The average monthly number of employees during the period was as follows:		 2022
2021
£
£
61,533
48,870
4,834
3,399

66,367
52,269
2022
2021
No.
No.
0
4

No employees received emoluments in excess of £60,000.

7. Tangible fixed Assets

Cost
Cost brought forward
Additions
Total cost carried forward
Depreciation
Depreciation brought forward
Charge for year
Total depreciation carried forward
Net Book Value
At 31 December 2022
At 31 December 2021
Creditors: amounts falling due within one year
Taxation and social security
Accruals and deferred income
Other creditors		 Fixtures
Equipment
Total
£
1,966
1,866
3,832
0
0
0
1,966
1,866
3,832
1,966
1,866
3,832
0
0
0
1,966
1,866
3,832
0
0
0
0
0
0

2022
2021
£
£
0
0
250
520
0
0

250
520

8. Creditors: amounts falling due within one year

The notes form part of these financial statements

Page 12

SOUTH STREET EVANGELICAL CHURCH NOTES TO THE FINANCIAL STATEMENTS

9. Movement in Funds

9. Movement in Funds
Unrestricted Funds
General Fund
Building Fund
Operational Reserve Fund
Total Funds
Unrestricted Funds
General Fund
Building Fund
Operational Reserve Fund
Total Funds
Restricted Funds
Refugee Fund
Church Weekend
Food Bank
Youth and Children
Total Funds

Restricted Funds
Refugee Fund
Church Weekend
Food Bank
Youth and Children
Total Funds		 Balance
Income
Expenditure
Transfers
Balance
1st Jan 2022
31st Dec 2022
86,961
92,195
(97,225)
(26)
81,905
13,457
0
0
0
13,457
21,000
0
0
0
21,000
121,418
92,125
(97,225)
(26)
116,362
Balance
Income
Expenditure
Transfers
Balance
1st Jan 2021
31st Dec 2021
94,377
81,736
(89,152)
0
86,961
13,457
0
0
0
13,457
21,000
0
0
0
21,000
128,834
81,736
(89,152)
0
121,418
Balance
Income
Expenditure
Transfers
Balance
1st Jan 2022
31st Dec 2022
1,802
0
(1802)
0
0
867
5248
(6229)
114
0
1,141
1,215
(1,900)
(88)
368
492
(432)
0
60
4,302
6,463
(10,363)
26
428
Balance
Income
Expenditure
Transfers
Balance
1st Jan 2021
31st Dec 2021
1,976
0
(174)
0
1,802
639
608
(380)
0
867
3,432
2,393
(4,684)
0
1,141
0
492
0
0
492
6,047
3,493
(5,238)
0
4,302

10. Trustee remuneration and benefits

None of the trustees have been paid any remuneration or received any benefits from an employment with the charity or a related entity.

The notes form part of these financial statements

Page 13

SOUTH STREET EVANGELICAL CHURCH

The following pages do not form part of the Financial Statements

DETAILED STATEMENT OF FINANCIAL ACTIVITIES

Donations and legacies
Donations
Gift Aid received
Grants received
Other income
Total income from donations and legacies
Investment income
Interest received
Total income from investment income
Total incoming resources
Charitable activities
Payroll expenses
Pension costs
Ministry expenses
Gifts
Food Bank
Refugees
Sunday service
Youth and children
Internship costs
Family day and weekend away
Rent
Light and heat
Maintenance
Office expenses
Telephone
Fees and subscriptions
Safeguarding
Total expenditure on charitable activities
Support costs
Independent examiner
Accountancy
Insurance
Total support costs
Total resources expended
Net (outgoing) / incoming resources		 2022
2021
£
£
97,012
67,991
0
15,611
500
942
698
465
98,210
85,009

448
220
448
220
98,658
85,229
61,533
48,870
4,834
3,399
4,235
2,185
9,466
11,120
1,900
4,684
1802
174
265
81
2,118
1,489
5,360
9,670
6229
380
2,300
2,280
2,748
3,319
659
2,899
610
820
624
384
1,418
1,046
314
252
106,415
93,052


0
0
250
520
923
818
1,173
1,338
107,588
94,390
(8,930)
(9,161)

Page 14