South Bank Sanctuary Church of the Nazarene
Charity number 1161121
Annual Report and Financial Statements
for the year ended 30 September 2023
South Bank Sanctuary Church of the Nazarene
Annual Report and Financial Statements for the year ended 30 September 2023
| Contents | Page |
|---|---|
| Trustees' report | 2 to 4 |
| Examiner's report | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes to the accounts | 8 to 13 |
Prepared by West Yorkshire Community Accountancy Service CIO
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South Bank Sanctuary Church of the Nazarene
Trustees' report for the year ended 30 September 2023
Reference and administrative details of the charity, its trustees and advisors
The trustees during the financial year and up to and including the date the report was approved were: Name Position Dates
Position Chair of trustees Treasurer Secretary Missions Leader
Jenna Jones Geoff Alker David Montgomery Karen Alker Livia Simon Carole Rayner Alison Montgomery Afomia Tsegai
Resigned 22 August 2023
Charity number
1161121
Registered in England and Wales
Registered and principal address
Bankers
2 Hunslet Hall Road Virgin Money Beeston 1 The Penny Hill Centre Leeds Church Street LS11 6TT Hunslet Leeds LS10 2AP
Independent examiner
Simon Bostrom FCIE West Yorkshire Community Accountancy Service CIO Stringer House 34 Lupton Street Leeds LS10 2QW
Structure, governance and management
The CIO is governed by a constitution adopted as amended on 16 March 2023. The governing document is based on the Manual of the Global Church of the Nazarene where UK law permits.
The church/CIO is a member of the Church of the Nazarene British Isles South District (a charitable company limited by guarantee, company no. 7028764; charity no. 1133336) which in turn is a member of the Global Church of the Nazarene which has its headquarters in Lenexa, USA.
Method of recruitment and appointment of trustees
The Pastor of the church is ex-officio chairperson of the Board of Charity Trustees and his/her position is reviewed after two years and then every four years after that.
The remaining trustees are elected annually or every two years by the members of South Leeds Church of the Nazarene at the annual general meeting held in February each year.
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South Bank Sanctuary Church of the Nazarene
Trustees' report (continued) for the year ended 30 September 2023
Objectives and activities
The charity's objects
The objects of the CIO are the advancement of the Christian faith as part of the Church of the Nazarene inc and the district principally but not exclusively in Northern England.
The charity's main activities
This year we offered teaching around the Christian faith and a place for worship. We have also organised bible studies.
We have run a youth ministry for local children.
We provide a foodbank and have provided food all year to those in need.
We provide a men’s fellowship which provides conversation and support to men.
We provided a craft café which is a free drop in place for creative work and a place to meet for coffee.
We provide a community garden which is worked on by volunteers in the community.
We rent our premises to local community groups
We run a charity shop.
Public benefit statement
In setting our objectives and planning our activities our Trustees have given serious consideration to the Charity Commission’s general guidance on public benefit and in particular advancement of the Christian faith and to serve and enhance the local community.
Achievements and performance
We have conducted worship services, bible studies, and prayer meetings weekly.
The charity shop has been an opportunity for the church to train local people in order that they can seek employment having had work experience.
The Café provides a safe environment where people can come and receive low cost meals and drinks. It is also a warm space over the winter. The leaders signpost individuals to other agencies for support.
We run a men’s breakfast supporting men in the community with support and a chance to talk.
We rent our premises to the local community.
We changed our foodbank into a food pantry charging £3 for 15 items and approximately 100 people a week receive support through this.
This year we supported another charity called Zarach which provides beds for children.
Financial review
The net expenditure for the year was £8,928, all relating to unrestricted funds.
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South Bank Sanctuary Church of the Nazarene
Trustees' report (continued) for the year ended 30 September 2023
Reserves policy
The church will implement the following:
We should maintain sufficient reserves to meet foreseeable commitments;
We must not operate a policy of progressive increase of reserves for no identifiable purpose;
The purpose of retaining reserves is to enable the smooth running of the charity and to enable an orderly winding up should the charity need to close.
The current reserves are designed to cover 3 to 6 months operating costs.
The reserves should be reviewed annually to determine the resources the church has or can make available to spend on the purposes of the church, once it has met its commitments and covered its other planned expenditure.
The charity's free reserves, excluding fixed assets, at the year end were £58,035.
Approved by the board of trustees on 23/07/2024
Jenna Jones (Trustee)
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South Bank Sanctuary Church of the Nazarene
Independent examiner's report to the trustees of South Bank Sanctuary Church of the Nazarene
I report to the charity trustees on my examination of the accounts of the CIO for the year ended 30 September 2023, which are set out on pages 6 to 13.
Responsibilities and basis of report
As the charity trustees of the CIO 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 CIO's accounts as carried out under section 145 of the 2011 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.
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 charity as required by section 130 of the Charities Act;
-
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 have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Simon Bostrom FCIE
23/07/2024
West Yorkshire Community Accountancy Service CIO
Stringer House 34 Lupton Street Leeds LS10 2QW
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South Bank Sanctuary Church of the Nazarene
Statement of Financial Activities
(including summary income and expenditure account) for the year ended 30 September 2023
| Notes 2023 Unrestricted funds £ Income from: Grants (2) - Offerings 17,001 Gift Aid 2,231 Shop takings 115,084 Rents received 10,580 Donations 2,806 Other income 5,554 Total income 153,256 Expenditure on: Staffing costs (3) 73,846 Utilities 1,657 Events expenses 2,423 Church domestic costs 1,312 Repairs and maintenance 11,159 Licences 300 Activities expenditure 5,037 Insurances 2,072 Gifts and awards 1,325 Church and office supplies 967 Visiting speakers 1,059 Other admin costs 1,823 Phone and internet 813 District and NMI budgets 2,776 Shop expenses including rent 44,870 Independent examination 1,070 Equipment and materials 237 Staff and volunteer training 72 Donations to other organisations 1,776 Travel expenses 3,331 Refreshments 501 Advertising and publicity 919 Depreciation 2,839 Total expenditure 162,184 Net income / (expenditure) (8,928) Fund balances brought forward 713,840 Fund balances carried forward (4) 704,912 |
2023 Restricted funds £ 2,150 - - - - - - 2,150 - 1,750 - - - - 400 - - - - - - - - - - - - - - - - 2,150 - 1,592 1,592 |
2023 Total funds £ 2,150 17,001 2,231 115,084 10,580 2,806 5,554 155,406 73,846 3,407 2,423 1,312 11,159 300 5,437 2,072 1,325 967 1,059 1,823 813 2,776 44,870 1,070 237 72 1,776 3,331 501 919 2,839 164,334 (8,928) 715,432 706,504 |
2022 Total funds £ - 21,530 3,678 90,063 7,349 2,912 11,542 137,074 68,619 5,442 973 616 3,205 668 6,329 1,027 490 1,094 821 98 813 4,761 10,359 1,020 332 148 1,450 4,256 527 133 2,839 116,020 21,054 694,378 715,432 |
|---|---|---|---|
All incoming resources and resources expended derive from continuing activities.
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South Bank Sanctuary Church of the Nazarene
Balance sheet
| as at 30 September 2023 2023 Unrestricted £ Fixed assets Tangible assets (5) 646,877 Total fixed assets 646,877 Current assets Debtors and prepayments (6) 2,754 Cash at bank and in hand (7) 56,351 Total current assets 59,105 Current liabilities: amounts falling due within one year Creditors and accruals (8) 1,070 Total current liabilities 1,070 Net current assets / (liabilities) 58,035 Net assets 704,912 Funds Unrestricted funds 704,912 Restricted funds - Total funds 704,912 |
2023 Restricted £ - - - 1,592 1,592 - - 1,592 1,592 - 1,592 1,592 |
2023 Total £ 646,877 646,877 2,754 57,943 60,697 1,070 1,070 59,627 706,504 704,912 1,592 706,504 |
2022 Total £ 649,716 649,716 2,638 64,334 66,972 1,256 1,256 65,716 715,432 713,840 1,592 715,432 |
|---|---|---|---|
The financial statements were approved by the board of trustees on 23/07/2024
Jenna Jones (Trustee)
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South Bank Sanctuary Church of the Nazarene
Notes to the accounts
for the year ended 30 September 2023
1 Accounting policies
Basis of accounting
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102. There has been no change to the accounting policies since last year.
No changes have been made to the accounts for previous years.
Going concern
The trustees are satisfied that there are no material uncertainties about the charity's ability to continue.
Incoming resources
All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources, if it is more likely than not that the trustees will receive the resources and the monetary value can be measured with sufficient reliability.
Grants and donations
Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
Where grants are related to performance and specific deliverables, they are accounted for as the charity earns the right to consideration by its performance.
Donated goods for resale are valued at the amount actually realised upon their sale.
Donated assets, facilities or services are valued at their estimated value to the charity. This is the price that the charity estimates it would pay in the open market for equivalent items; or services and facilities of equivalent utility to the charity.
Expenditure and liabilities
Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.
Taxation
As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.
Tangible fixed assets
Tangible fixed assets costing more than £1,000 are capitalised and included at cost including any incidental expenses of acquisition. Gifted assets are shown at the value to the charity on receipt.
Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost on a straight line basis over their expected useful economic lives as follows: Freehold land: nil
Freehold buildings: in line with residual value Fixtures and fittings: over 5 years Computer equipment: over 3 years
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South Bank Sanctuary Church of the Nazarene
Notes to the accounts
for the year ended 30 September 2023
1 Accounting policies continued
Pensions
The charity operates a defined contribution scheme for the benefit of its employees. The costs of contributions are recognised in the year they are payable.
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.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
Further explanation of the nature and purpose of each fund is included in the notes to the accounts.
Leases
Rents under operating leases are charged on a straight line basis over the lease term or to an earlier date if the lease can be determined without financial penalty.
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South Bank Sanctuary Church of the Nazarene
Notes to the accounts continued
for the year ended 30 September 2023
| 2 Grants and donations Hamara Voluntary Action Leeds 3 Staff costs and numbers Gross salaries Social security costs Employment allowance Pensions Payroll administration charges Honorarium |
2023 Unrestricted funds £ - - - |
2023 Restricted funds £ 400 1,750 2,150 |
2023 Total funds £ 400 1,750 2,150 2023 £ 70,045 4,214 (4,214) 2,877 924 - 73,846 |
2022 Total funds £ - - - 2022 £ 64,216 4,121 (4,121) 2,840 1,063 500 68,619 |
|---|---|---|---|---|
The average number of employees during the year was 6.2, being an average of 2.4 full time equivalent (2022: 7, 3 FTE). There were no employees with emoluments above £60,000.
| Defined contribution pension scheme Costs of the scheme to the charity for the year 4 Restricted funds Balance b/f £ Building fund 1,592 Hamara - Voluntary Action Leeds - 1,592 |
Incoming £ - 400 1,750 2,150 |
Outgoing £ - 400 1,750 2,150 |
2023 £ 2,877 Transfers £ - - - - |
2022 £ 2,840 Balance c/f £ 1,592 - - 1,592 |
|---|---|---|---|---|
Fund name Purpose of restriction Building fund Towards building works for the church and manse. The transfer relates to a contribution to the cost of purchasing solar panels. Hamara Towards providing food and refreshments.
Hamara Voluntary Action Leeds
Warm spaces grant funding towards additional costs related to providing an inclusive warm space.
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South Bank Sanctuary Church of the Nazarene
Notes to the accounts continued
for the year ended 30 September 2023
| 5 6 7 **8 ** |
Tangible assets Cost At 1 October 2022 Additions At 30 September 2023 Depreciation At 1 October 2022 Charge for year At 30 September 2023 Net book value At 30 September 2023 At 30 September 2022 Debtors and prepayments Debtors Prepayments Accrued income Cash at bank and in hand Cash at bank Cash in hand Creditors and accruals Accruals |
£ 1,256 - 1,256 419 419 838 418 837 Computer equipment |
£ 12,100 - 12,100 2,960 2,420 5,380 6,720 9,140 Fixtures and fittings |
£ 487,400 - 487,400 - - - 487,400 487,400 Church |
£ 152,339 - 152,339 - - - 152,339 152,339 2023 £ - 1,373 1,381 2,754 2023 £ 50,591 7,352 57,943 2023 £ 1,070 1,070 Manse |
Total £ 653,095 - 653,095 3,379 2,839 6,218 646,877 649,716 2022 £ - 1,387 1,251 2,638 2022 £ 58,788 5,546 64,334 2022 £ 1,256 1,256 |
|---|---|---|---|---|---|---|
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South Bank Sanctuary Church of the Nazarene
Notes to the accounts continued
for the year ended 30 September 2023
9 Related party transactions
Trustee expenses
During the year 2 trustees were paid a total of £2,673 in respect of travel (previous year: 2 trustees and £1,959 in respect of travel).
Trustee remuneration and benefits
No trustee received any remuneration or benefit during this or the previous year.
| Details of remuneration and benefits Trustee name Jenna Jones Employed as Church Pastor David Montgomery Employed as Church Pastor |
2023 £ 26,371 19,136 45,507 |
2022 £ 22,857 19,826 42,683 |
|---|---|---|
Legal authority for the payment
The legal authority for the payment is via a provision within the charity's governing document, with the condition that employed trustees are the minority of the total trustee board.
Remuneration and benefits received by key management personnel
The total employee benefits received by key management personnel were £45,507 (previous year: £44,905).
10 Operating leases
| Within one year In the second to fifth years inclusive Over five years from the balance sheet date Expected future minimum lease payments over the remaining life of the lease, analysed into the period in which the commitment falls due: |
2023 £ 5,250 6,125 - 11,375 |
2022 £ 900 - - 900 |
|---|---|---|
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South Bank Sanctuary Church of the Nazarene
Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the year ended 30 September 2023
| 2023 2022 Unrestricted Unrestricted funds funds £ £ Income Grants - - Offerings 17,001 21,530 Gift Aid 2,231 3,678 Shop takings 115,084 90,063 Rents received 10,580 7,349 Donations 2,806 2,912 Other income 5,554 11,542 Total income 153,256 137,074 Expenditure Staffing costs 73,846 68,619 Utilities 1,657 5,442 Events expenses 2,423 973 Church domestic costs 1,312 616 Repairs and maintenance 11,159 3,205 Licences 300 668 Activities expenditure 5,037 6,329 Insurances 2,072 1,027 Gifts and awards 1,325 490 Church and office supplies 967 1,094 Visiting speakers 1,059 821 Other admin costs 1,823 98 Phone and internet 813 813 District and NMI budgets 2,776 4,761 Shop expenses including rent 44,870 10,359 Independent examination 1,070 1,020 Equipment and materials 237 332 Staff and volunteer training 72 148 Donations to other organisations 1,776 1,450 Travel expenses 3,331 4,256 Refreshments 501 527 Advertising and publicity 919 133 Depreciation 2,839 2,839 Total expenditure 162,184 116,020 Net income / (expenditure) (8,928) 21,054 Transfers between funds - 2,000 Net movement in funds (8,928) 23,054 Fund balances brought forward 713,840 690,786 Fund balances carried forward 704,912 713,840 |
2023 Restricted funds £ 2,150 - - - - - - 2,150 - 1,750 - - - - 400 - - - - - - - - - - - - - - - - 2,150 - - - 1,592 1,592 |
2022 Restricted funds £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - (2,000) (2,000) 3,592 1,592 |
2023 Total funds £ 2,150 17,001 2,231 115,084 10,580 2,806 5,554 155,406 73,846 3,407 2,423 1,312 11,159 300 5,437 2,072 1,325 967 1,059 1,823 813 2,776 44,870 1,070 237 72 1,776 3,331 501 919 2,839 164,334 (8,928) - (8,928) 715,432 706,504 |
2022 Total funds £ - 21,530 3,678 90,063 7,349 2,912 11,542 137,074 68,619 5,442 973 616 3,205 668 6,329 1,027 490 1,094 821 98 813 4,761 10,359 1,020 332 148 1,450 4,256 527 133 2,839 116,020 21,054 - 21,054 694,378 715,432 |
|---|---|---|---|---|
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