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2022-12-31-accounts

TRUSTEES’ ANNUAL REPORT AND ACCOUNTS

2022

Saltisford Church is a Registered Charity 1159404

TABLE OF CONTENTS

1. GENERAL INFORMATION..................................................................................................1
2. TRUSTEES’ REPORT...........................................................................................................2
2.1. Introduction..................................................................................................................... 2
2.2. Structure, Governance and Management....................................................................... 2
2.3. Objectives and Activities................................................................................................. 3
2.4. Achievements and Performance..................................................................................... 5
2.5. Financial Review.............................................................................................................. 5
2.6. Future Plans.................................................................................................................... 6
3. INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF
SALTISFORD CHURCH.......................................................................................................7
3.1. Responsibilities and basis of report................................................................................ 7
3.2. Independent examiner's statement................................................................................ 7
4. ACCOUNTS AND FINANCIAL STATEMENTS......................................................................8
4.1. Financial Activities........................................................................................................... 8
4.2. Assets and Liabilities....................................................................................................... 9
4.3. Notes to the Financial Statements................................................................................ 10
1. Accounting Policies................................................................................................... 10
2. Unrestricted Fund Payments Detail.......................................................................... 11
3. Staff Costs................................................................................................................. 11
4. Voluntary Receipts and Receipts from Charitable Activities..................................... 11
5. Restricted funds........................................................................................................ 12
6. Related Party Transactions....................................................................................... 13
7. Contingent Liabilities................................................................................................. 13
8. Ultimate Controlling Party......................................................................................... 13

SALTISFORD CHURCH ANNUAL REPORT AND ACCOUNTS 2022

1. GENERAL INFORMATION

Charity Registration Number 1159404 Trustees M Wells (Chairman) S E Foster (Secretary) R P Osborn J E Rose Treasurer S E Foster Address Albert Street Warwick CV34 4JX Independent Auditors Burgis & Bullock Chartered Accountants 23 –25 Waterloo Place Warwick Street Leamington Spa CV32 5LA Principal Bankers CAF BANK Limited Kings Hill West Malling Kent ME19 4TA

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SALTISFORD CHURCH ANNUAL REPORT AND ACCOUNTS 2022

2. TRUSTEES’ REPORT

2.1. Introduction

The Trustees of Saltisford Church present their report and accounts for the period ended 31 December 2022. The accounts have been prepared on a Receipts and Payments basis.

Saltisford Church is an independent fellowship of Christians from Warwick, Leamington Spa and surrounding areas.

2.2. Structure, Governance and Management

Saltisford Church was established as a Charitable Incorporated Organisation (CIO) under a Constitution dated 2 November 2014 and registered with the Charity Commission as Charity No 1159404. It is governed administratively, under the terms of Clause 11 of the Constitution, by a board of Trustees who are appointed by a resolution passed at a properly convened meeting of the Trustees.

The CIO is managed by four trustees:

The spiritual leadership of Saltisford Church is the responsibility of the Leaders of the Church. At the beginning of the year the Eldership comprised Ian Furlong, Mike Wells, Andy Fulcher, James Rose and John Morris.

At the end of April 2022, Ian Furlong and Mike Wells both retired from the Eldership of the Church.

In May 2022, by a resolution of the CIO Members of the Church, the title “Elder” or “Elders” was replaced with the title “Leader” or Leaders”.

In September 2022 the Transition Team was dissolved and the Leadership was expanded to include Jamie Moir, Celia Hilgenberg, Susannah Solt and Nick Cole. The enlarged Leadership Team has taken responsibility for the direction of the Church

There were two full-time salaried staff at the commencement of 2022. Ian Furlong, Senior Elder and Jamie Moir, Youth and Children’s Worker, who led and coordinated the work amongst children and young people. Ian Furlong retired at the end of April 2022.

The Charity’s centre of activity is the Church property in Albert Street, Warwick. Ownership of this property is vested in the CIO.

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SALTISFORD CHURCH ANNUAL REPORT AND ACCOUNTS 2022

2.3. Objectives and Activities

Saltisford Church seeks to care for the current members of the fellowship and reaches out to others. It has three core objectives as summarized in the CIO Constitution:

  1. The advancement of the Christian religion both in the United Kingdom and overseas.

  2. The advancement of religious or other education.

  3. The relief of the poor, sick or disabled.

Public benefit is specifically referred to in the CIO Constitution and the Trustees have complied with the duty in Section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission in their decisions concerning the objectives of the charity. The ‘public’ has included men, women and children from the local community around Saltisford Church, other parts of Warwick and from the surrounding towns of Leamington Spa, Kenilworth and Stratford-upon-Avon; the ‘benefit’ has been in accordance with the aims and objectives of the charity as summarised above.

The operational impacts that the COVID-19 pandemic that struck the UK in March 2020 had on the programmes run by the Church had ceased by January 2022

The following summarizes the principal activities of the Charity in 2022 in fulfillment of the Objectives set out above:

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SALTISFORD CHURCH ANNUAL REPORT AND ACCOUNTS 2022

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SALTISFORD CHURCH ANNUAL REPORT AND ACCOUNTS 2022

2.4. Achievements and Performance

In line with our core objectives, we are pleased to report the following during 2022: -

2.5. Financial Review

The net receipts in the year, as shown in Section 4.1 amounted to £72,102, made up of payments of £71,610 from funds for use at the Church’s discretion and receipts of £492 from funds restricted for purposes specified by the donors.

Funds for the work of Saltisford come principally from voluntary donations from the congregation of the Church. In addition, some receipts come from charitable activities such as hire of the buildings, youth and toddler groups, and occasional meals.

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SALTISFORD CHURCH ANNUAL REPORT AND ACCOUNTS 2022

The reserves policy of the Trustees is to maintain sufficient funds for the ongoing activities of the Church for a period of three months. The normal fluctuations in income and expenditure indicate reserves for this purpose of approximately £30,000. Funds in excess of this level will, in the absence of any special need, be regarded as available for current use, with any major projects being funded by special appeals.

2.6. Future Plans

Following the retirement of Ian Furlong, who served for nearly 20 years as the full-time elder of the church, a recruitment process took place for a new full-time leader. The process did not result in any appointment. Therefore, the focus was changed to expanding the leadership team. As set out Section 2.2, above, we now have a team of seven people who provide the overall leadership for the church. This team meets at least twice a month. During the early months of 2023, the church has appointed a part-time community worker, and a part-time church administrator. The leadership team will consider, in due course, whether to recruit someone into a paid leadership role.

The Trustees consider that the present strategies are working satisfactorily with activities that are enabling the Church to achieve its aims and objectives.

On behalf of the Trustees

M Wells Chairman 30 May 2023

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SALTISFORD CHURCH ANNUAL REPORT AND ACCOUNTS 2022

3. INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF SALTISFORD CHURCH

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2022 which are set out on pages 9 to 14.

3.1. Responsibilities and basis of report

As the charity’s trustees 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 charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

3.2. 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:

I have no concerns and have come across no other matter in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Wende Ann Hubbard FCCA

Burgis and Bullock Chartered Accountants 23 –25 Waterloo Place Warwick Street Leamington Spa CV32 5LA

30 May 2023

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SALTISFORD CHURCH ANNUAL REPORT AND ACCOUNTS 2022

4. ACCOUNTS AND FINANCIAL STATEMENTS

4.1. Financial Activities

STATEMENT OF FINANCIAL ACTIVITIES Receipts and Payments Account For the year ended 31 December 2022

Unrestricted
Note
Funds
£
Receipts
Incoming resources
Voluntary receipts
4,5
148,382
Interest received
749
Receipts from
charitable activities
4
5,664
Total receipts
154,794
Payments
Expenditure in furtherance of the charity's
objectives
Charitable activities
2,5
79,516
Gifts made
5
Governance costs
2
1,625
Asset and investment
purchases
2
2,044
Total payments
83,184
Net Receipts/Payments
for the year
71,610
Cash funds brought forward
at 1 January 2022
78,634
Cash funds carried forward at
31 December 2022
150,244
Unrestricted
Funds
£
148,382
749
5,664
Unrestricted
Funds
£
148,382
749
5,664
Restricted
Funds
£
65,922
250
Restricted
Funds
£
65,922
250
Total
2022
£
214,304
749
5,914
Total
2021
£
192,657
156
0
154,794 66,172 220,966 192,813
6,285
59,318
77
85,800
59,318
1,702
2,044
109,666
55,693
2,194
0
83,184 65,680 148,864 167,553
71,610
78,634
492
25,235
72,102
103,869
25,260
78,609
150,244 25,727 175,971 103,869

The Notes in Section 4.3 form part of these financial statements.

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SALTISFORD CHURCH ANNUAL REPORT AND ACCOUNTS 2022

4.2. Assets and Liabilities STATEMENT OF ASSETS AND LIABILITIES At 31 December 2022

Cash balances
Cash in hand
Cash float
CAF Current account
CAF Gold account
CAF Card account
Kingdom Bank
Other monetary assets
CAF Donor cheques
Gift Aid tax reclaim due
Assets retained for the charity's own use
Land and buildings
Furniture and equipment
Liabilities
HMRC - PAYE and NI
Gift Aid to be refunded
Suppliers accounts
Note
1
1
1
1
Note
1
1
1
1
Unrestricted
£
40
0
100
102,878
455
46,771
Restricted
£
25,727
Total
2022
£
40
0
100
128,605
455
46,771
Total
2021
£
0
100
100
59,638
267
46,463
1
1
1
1
150,244 25,727 175,971 103,869
0 529 0
529
0
3,976
0 529 529 3,976
1,286,634
71,779
1,286,634 1,286,634
71,779
69,735
1,358,413 1,358,413 1,356,369
451
1,921
0
451
1,681
1,921
0
0
0
2,372 2,372
1,681

The financial statements in Section 4 were approved by the Trustees on 30 May 2023.

M Wells Chairman

Date 30 May 2023

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SALTISFORD CHURCH ANNUAL REPORT AND ACCOUNTS 2022

4.3. Notes to the Financial Statements

1. Accounting Policies

Basis of Accounting

The Statement of Financial Activities has been drawn up on a receipts and payments basis.

Statement of Financial Activities

Donations and other income are credited in the period in which they are received. These are analysed between unrestricted and restricted funds.

Expenditure paid out in the year is also assigned to unrestricted or restricted funds.

Statement of Assets and Liabilities

Cash funds are listed in detail with amounts at 31st December 2022 which are in agreement with the balance carried forward on the Statement of Financial Activities.

Other monetary assets - CAF donor cheques still to be paid into church bank account and income tax recoverable under the gift aid scheme which had not been received by the end of the year.

Assets retained for charity's own use are stated at their current insured value.

Liabilities include PAYE and National Insurance due on December salaries but not yet paid to HMRC and suppliers accounts outstanding.

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SALTISFORD CHURCH ANNUAL REPORT AND ACCOUNTS 2022

2. Unrestricted Fund Payments Detail

Staff costs
Speakers expenses
Local outreach
Pastoral support
Training and resources
Youth & children’s work
Building and utilities
Equipment maintenance and purchase
Support and service costs
Legal, bank & accounts examiner fees
Total unrestricted fund payments
Charity
Costs
£
50,388
2,232
5,681
3,876
120
2,393
7,458
1,259
6,109
Charity
Costs
£
50,388
2,232
5,681
3,876
120
2,393
7,458
1,259
6,109
Governance
Costs
£

1,625
Governance
Costs
£

1,625
Asset
Purchases
£
2,044
2022
Total
£
50,388
2,232
5,681
3,876
120
2,393
7,458
3,302
6,109
1,625
2021
Total
£
86,179
754
4,914
0
0
1,325
4,370
6,097
6,027
2,042
79,516 1,625 2,044 83,184 111,708

3. Staff Costs

Salaries
Social Security costs
Pension costs
Recruitment and training
Expenses

Average number of full-time equivalent employees
2022
2021
£
£
43,893
75,166
2,272
3,920
3,013
5,425
1,000
0
209
1,667
50,388
86,179
2
2

No employee received emoluments of more than £60,000.

Pension costs are amounts paid to independent pension providers.

In common with many churches, a very significant part of the activities of the Church is staffed on a voluntary basis. The fellowship operates a lay ministry in all of its functions. The Trustees are all actively involved in Church activities.

4. Voluntary Receipts and Receipts from Charitable Activities

Voluntary receipts are donations to the work of the church.

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SALTISFORD CHURCH ANNUAL REPORT AND ACCOUNTS 2022

Receipts from charitable activities arise from individuals and organisations paying for some church activities such as youth weekends, toddler groups and for hire of the buildings.

5. Restricted funds

The income funds of the Church include restricted funds comprising the following unexpended balances of donations held on trust to be applied for specific purposes (figures include tax recoverable under gift aid which has been received from HMRC):

At 1 January 2022
Incoming Resources:
Donations
Payments in furtherance of the
charity's objectives:
Gifts made
Costs
At 31 December 2022
Mission
Support
£
13,876
59,739
(53,655)
(111)
Specific
Gifts
£
2,094
6,433
(5,663)
(806)
Building
Fund
Total
£
£
9,264
25,235
0
66,172
(59,318)
(5,444)
(152)
19,849 2,058 3,820
25,727

Mission Support is administered in a separate budget funded by gifts for that purpose. Expenditure comprises gifts made to organisations and individuals engaged in Christian work and is analysed below by the area served and type of recipient:

Local
National
International
Total
Organisations
£
6,446
3,118
21,940
Individuals
£
7,178
0
14,973
2022
Total
£
13,624
3,118
36,913
2021
Total
£
48,733
4,024
30,904
31,504 22,151 53,655 48,733

Specific Gifts are those where the donor has requested that the gift be passed on to a specific individual or organisation or project. Such gifts are only accepted if the resulting payment is within the scope of the objectives of the Church.

During 2020, 2021 and 2022 appeals were made by the leadership of the church for help to people suffering as a result of the Covid-19 pandemic. Those who benefitted included church members, people living in the community and some whom we regularly support through our Mission Support fund.

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SALTISFORD CHURCH ANNUAL REPORT AND ACCOUNTS 2022

6. Related Party Transactions

The Trustees received no remuneration or reimbursement of expenses during the year.

7. Contingent Liabilities

The Church had no contingent liabilities or leasing commitments at 31 December 2022.

8. Ultimate Controlling Party

The Church’s ultimate controlling party is the Board of Trustees.

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