South Bank Sanctuary Church of the Nazarene
Charity number 1161121
Annual Report and Financial Statements
for the year ended 30 September 2024
South Bank Sanctuary Church of the Nazarene
Annual Report and Financial Statements for the year ended 30 September 2024
| 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 2024
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 Dates Chair of trustees Treasurer Secretary Resigned March 2024 Missions Leader
Jenna Jones Geoff Alker David Montgomery Karen Alker Carole Rayner Alison Montgomery Afomia Tsegai Samuel Lynam
Appointed 11 February 2024
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 2024
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 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 friendship, assistance, and a chance to talk.
We rent our premises to the local community.
We run a food pantry charging £3 for 15 items and approximately 70 people a week receive support through this.
Financial review
The net expenditure for the year was £18,293, including net expenditure of £16,701 on unrestricted funds and net expenditure of £1,592 on restricted funds.
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South Bank Sanctuary Church of the Nazarene
Trustees' report (continued) for the year ended 30 September 2024
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 £44,172.
Approved by the board of trustees on 26/07/2027
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 2024, 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
28/07/2027
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 2024
| Notes 2024 Unrestricted funds £ Income from: Grants (2) - Offerings 19,288 Gift Aid 2,968 Shop takings 126,988 Rents received 8,700 Donations 11,600 Other income 16,470 Total income 186,014 Expenditure on: Staffing costs (3) 85,608 Utilities 6,507 Events expenses 1,037 Church domestic costs 1,482 Repairs and maintenance 21,311 Licences 534 Activities expenditure 1,227 Insurances 2,241 Gifts and awards 1,967 Church and office supplies 1,352 Visiting speakers 2,136 Other admin costs 1,657 Phone and internet 542 District and NMI budgets 3,680 Shop expenses including rent 60,415 Independent examination 1,071 Equipment and materials - Staff and volunteer training 800 Donations to other organisations 662 Travel expenses 4,766 Refreshments 687 Advertising and publicity 195 Depreciation 2,838 Total expenditure 202,715 Net income / (expenditure) (16,701) Fund balances brought forward 704,912 Fund balances carried forward (4) 688,211 |
2024 Restricted funds £ 750 - - - - - - 750 - - - - 1,592 - - - - - - - - - 750 - - - - - - - - 2,342 (1,592) 1,592 - |
2024 Total funds £ 750 19,288 2,968 126,988 8,700 11,600 16,470 186,764 85,608 6,507 1,037 1,482 22,903 534 1,227 2,241 1,967 1,352 2,136 1,657 542 3,680 61,165 1,071 - 800 662 4,766 687 195 2,838 205,057 (18,293) 706,504 688,211 |
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 |
|---|---|---|---|
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 2024 2024 Unrestricted £ Fixed assets Tangible assets (5) 644,039 Total fixed assets 644,039 Current assets Debtors and prepayments (6) 3,943 Cash at bank and in hand (7) 41,299 Total current assets 45,242 Current liabilities: amounts falling due within one year Creditors and accruals (8) 1,070 Total current liabilities 1,070 Net current assets / (liabilities) 44,172 Net assets 688,211 Funds Unrestricted funds 688,211 Restricted funds - Total funds 688,211 |
2024 Restricted £ - - - - - - - - - - - - |
2024 Total £ 644,039 644,039 3,943 41,299 45,242 1,070 1,070 44,172 688,211 688,211 - 688,211 |
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 |
|---|---|---|---|
The financial statements were approved by the board of trustees on 26/07/2027
Jenna Jones (Trustee)
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South Bank Sanctuary Church of the Nazarene
Notes to the accounts
for the year ended 30 September 2024
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
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 2024
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 2024
| 2 Grants Hamara Voluntary Action Leeds 3 Staff costs and numbers Gross salaries Social security costs Employment allowance Pensions Payroll administration charges |
2024 Unrestricted funds £ - - - |
2024 Restricted funds £ 750 - 750 |
2024 Total funds £ 750 - 750 2024 £ 81,200 4,929 (4,929) 3,122 1,286 85,608 |
2023 Total funds £ 400 1,750 2,150 2023 £ 70,045 4,214 (4,214) 2,877 924 73,846 |
|---|---|---|---|---|
The average number of employees during the year was 7.3, being an average of 2.8 full time equivalent (2023: 6.2, 2.4 FTE). There were no employees with emoluments above £60,000.
| Defined contribution pension scheme Costs of the scheme to the charity for the year Amount of any contributions outstanding at the year end Amount of any contributions prepaid at the year end 4 Restricted funds Balance b/f Incoming £ £ Building fund 1,592 - Hamara - 750 1,592 750 |
Outgoing £ 1,592 750 2,342 |
2024 £ 3,122 - - Transfers £ - - - |
2023 £ 2,877 - - Balance c/f £ - - - |
|---|---|---|---|
Purpose of restriction
Fund name Purpose of restriction Building fund Towards building works for the church and manse. Hamara Towards meeting the immediate needs and to help those who are struggling to afford energy and water bills, food, and other related essentials.
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South Bank Sanctuary Church of the Nazarene
Notes to the accounts continued
for the year ended 30 September 2024
| 5 6 7 **8 ** |
Tangible assets Cost At 1 October 2023 Additions At 30 September 2024 Depreciation At 1 October 2023 Charge for year At 30 September 2024 Net book value At 30 September 2024 At 30 September 2023 Debtors and prepayments Prepayments Accrued income Cash at bank and in hand Cash at bank Cash in hand Creditors and accruals Accruals |
£ 1,256 - 1,256 838 418 1,256 - 418 Computer equipment |
£ 12,100 - 12,100 5,380 2,420 7,800 4,300 6,720 Fixtures and fittings |
£ 487,400 - 487,400 - - - 487,400 487,400 Church |
£ 152,339 - 152,339 - - - 152,339 152,339 2024 £ 1,733 2,210 3,943 2024 £ 36,131 5,168 41,299 2024 £ 1,070 1,070 Manse |
Total £ 653,095 - 653,095 6,218 2,838 9,056 644,039 646,877 2023 £ 1,373 1,381 2,754 2023 £ 50,591 7,352 57,943 2023 £ 1,070 1,070 |
|---|---|---|---|---|---|---|
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South Bank Sanctuary Church of the Nazarene
Notes to the accounts continued
for the year ended 30 September 2024
9 Related party transactions
Trustee expenses
During the year 2 trustees were paid a total of £646 in respect of travel (previous year: 2 trustees and £2,673).
| Trustee remuneration and benefits Trustee name Jenna Jones Employed as Church Pastor David Montgomery Employed as Church Pastor |
2024 £ 28,507 19,181 47,688 |
2023 £ 26,371 19,136 45,507 |
|---|---|---|
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 £47,688 (previous year: £45,507).
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: |
2024 £ 5,250 875 - 6,125 |
2023 £ 5,250 6,125 - 11,375 |
|---|---|---|
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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 2024
| 2024 2023 Unrestricted Unrestricted funds funds £ £ Income Grants - - Offerings 19,288 17,001 Gift Aid 2,968 2,231 Shop takings 126,988 115,084 Rents received 8,700 10,580 Donations 11,600 2,806 Other income 16,470 5,554 Total income 186,014 153,256 Expenditure Staffing costs 85,608 73,846 Utilities 6,507 1,657 Events expenses 1,037 2,423 Church domestic costs 1,482 1,312 Repairs and maintenance 21,311 11,159 Licences 534 300 Activities expenditure 1,227 5,037 Insurances 2,241 2,072 Gifts and awards 1,967 1,325 Church and office supplies 1,352 967 Visiting speakers 2,136 1,059 Other admin costs 1,657 1,823 Phone and internet 542 813 District and NMI budgets 3,680 2,776 Shop expenses including rent 60,415 44,870 Independent examination 1,071 1,070 Equipment and materials - 237 Staff and volunteer training 800 72 Donations to other organisations 662 1,776 Travel expenses 4,766 3,331 Refreshments 687 501 Advertising and publicity 195 919 Depreciation 2,838 2,839 Total expenditure 202,715 162,184 Net income / (expenditure) (16,701) (8,928) Fund balances brought forward 704,912 713,840 Fund balances carried forward 688,211 704,912 |
2024 Restricted funds £ 750 - - - - - - 750 - - - - 1,592 - - - - - - - - - 750 - - - - - - - - 2,342 (1,592) 1,592 - |
2023 Restricted funds £ 2,150 - - - - - - 2,150 - 1,750 - - - - 400 - - - - - - - - - - - - - - - - 2,150 - 1,592 1,592 |
2024 Total funds £ 750 19,288 2,968 126,988 8,700 11,600 16,470 186,764 85,608 6,507 1,037 1,482 22,903 534 1,227 2,241 1,967 1,352 2,136 1,657 542 3,680 61,165 1,071 - 800 662 4,766 687 195 2,838 205,057 (18,293) 706,504 688,211 |
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 |
|---|---|---|---|---|
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