DocuSign Envelope ID: 46F90E9E-6060-4AA4-9630-51B7C39434DE
Charity registration number: 1161948
ST JOHN'S POULTON 1838 CHARITY
Annual Report and Financial Statements
for the Year Ended 5 April 2024
DocuSign Envelope ID: 46F90E9E-6060-4AA4-9630-51B7C39434DE
ST JOHN'S POULTON 1838 CHARITY
Contents (continued)
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 |
| Statement of Trustees' Responsibilities | 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7 to 11 |
DocuSign Envelope ID: 46F90E9E-6060-4AA4-9630-51B7C39434DE
ST JOHN'S POULTON 1838 CHARITY
Reference and Administrative Details
Trustees Ian Christopher Harrison Peter Draper Paul Embury Charity Registration Number 1161948 Principal Office Breck Road Poulton Le Fylde Lancashire FY6 7HT
Page 1
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ST JOHN'S POULTON 1838 CHARITY
Trustees' Report
The trustees present the annual report together with the financial statements of the charity for the year ended 5 April 2024.
Objectives and activities
Public benefit
The main aims and purposes are the provision of a chapel for the Catholic religion, support of the priest and provision of a burial ground for the benefit of the St John's church, allowing it to operate for the benefit of the public.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
The annual report was approved by the trustees of the charity on 20 June 2024 and signed on its behalf by:
......................................... Ian Christopher Harrison Trustee
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ST JOHN'S POULTON 1838 CHARITY
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees 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 responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Approved by the trustees of the charity on 20 June 2024 and signed on its behalf by:
......................................... Ian Christopher Harrison Trustee
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ST JOHN'S POULTON 1838 CHARITY
Independent Examiner's Report to the trustees of ST JOHN'S POULTON 1838 CHARITY
I report to the trustees on my examination of the accounts of ST JOHN'S POULTON 1838 CHARITY for the year ended 5 April 2024.
Responsibilities and basis of report
As the charity trustees of ST JOHN'S POULTON 1838 CHARITY 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 ST JOHN'S POULTON 1838 CHARITY's accounts carried out under section 145 of the 2011 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.
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:
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accounting records were not kept in respect of ST JOHN'S POULTON 1838 CHARITY as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting 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.
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...................................... Joseph Tantram Chartered accountant F.C.C.A. A.C.A.
Unit 1, Barons Court Graceways Whitehills Business Park Blackpool Lancashire FY4 5GP
20 June 2024
Page 4
DocuSign Envelope ID: 46F90E9E-6060-4AA4-9630-51B7C39434DE
ST JOHN'S POULTON 1838 CHARITY
Statement of Financial Activities for the Year Ended 5 April 2024
| Note Income and Endowments from: Investment income Other income Total income Expenditure on: Raising funds Charitable activities Total expenditure Gains/losses on investment assets Net income Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 7 Note Income and Endowments from: Investment income Other income Total income Expenditure on: Raising funds Charitable activities Total expenditure Gains/losses on investment assets Net expenditure Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 7 |
Unrestricted funds £ 39,468 18,958 58,426 (11,305) (18,958) (30,263) 186,019 214,182 214,182 1,492,060 1,706,242 Unrestricted funds £ 36,009 17,500 53,509 (10,564) (17,500) (28,064) (172,007) (146,562) (146,562) 1,638,622 1,492,060 |
Total 2024 £ 39,468 18,958 |
|---|---|---|
| 58,426 | ||
| (11,305) (18,958) |
||
| (30,263) 186,019 |
||
| 214,182 | ||
| 214,182 1,492,060 |
||
| 1,706,242 | ||
| Total 2023 £ 36,009 17,500 |
||
| 53,509 | ||
| (10,564) (17,500) |
||
| (28,064) (172,007) |
||
| (146,562) | ||
| (146,562) 1,638,622 |
||
| 1,492,060 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2023 is shown in note 7.
The notes on pages 7 to 11 form an integral part of these financial statements. Page 5
DocuSign Envelope ID: 46F90E9E-6060-4AA4-9630-51B7C39434DE
ST JOHN'S POULTON 1838 CHARITY
(Registration number: 1161948) Balance Sheet as at 5 April 2024
| Note Current assets Debtors 6 Investments Funds of the charity: Unrestricted income funds Unrestricted funds Total funds 7 |
2024 £ 261,683 1,444,559 1,706,242 1,706,242 1,706,242 |
2023 £ 233,520 1,258,540 |
|---|---|---|
| 1,492,060 | ||
| 1,492,060 | ||
| 1,492,060 |
The financial statements on pages 5 to 11 were approved by the trustees, and authorised for issue on 20 June 2024 and signed on their behalf by:
......................................... Ian Christopher Harrison
Trustee
The notes on pages 7 to 11 form an integral part of these financial statements. Page 6
DocuSign Envelope ID: 46F90E9E-6060-4AA4-9630-51B7C39434DE
ST JOHN'S POULTON 1838 CHARITY
Notes to the Financial Statements for the Year Ended 5 April 2024
1 Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
ST JOHN'S POULTON 1838 CHARITY meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) 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 presentational currency is Sterling. All amounts have been rounded to the nearest whole pound.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Raising funds
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company 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 to charitable purposes.
Current asset investments
Current asset investments are included at net realisable value / market value.
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DocuSign Envelope ID: 46F90E9E-6060-4AA4-9630-51B7C39434DE
ST JOHN'S POULTON 1838 CHARITY
Notes to the Financial Statements for the Year Ended 5 April 2024 (continued)
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
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DocuSign Envelope ID: 46F90E9E-6060-4AA4-9630-51B7C39434DE
ST JOHN'S POULTON 1838 CHARITY
Notes to the Financial Statements for the Year Ended 5 April 2024 (continued)
2 Other income
| Rental income Total for 2024 Total for 2023 |
Unrestricted funds General £ 18,958 18,958 17,500 |
Total funds £ 18,958 |
|---|---|---|
| 18,958 | ||
| 17,500 |
- 3 Expenditure on raising funds
a) Investment management costs
| Note Other investment management costs; Other portfolio management costs Total for 2024 Total for 2023 Investment management costs Total for 2024 Total for 2023 4 Expenditure on charitable activities Note Supporting a church Total for 2024 Total for 2023 |
Unrestricted funds General £ 11,305 11,305 10,564 Direct costs £ 11,305 11,305 10,564 Unrestricted funds General £ 18,958 18,958 17,500 |
Total funds £ 11,305 |
|---|---|---|
| 11,305 | ||
| 10,564 | ||
| Total costs £ 11,305 |
||
| 11,305 | ||
| 10,564 | ||
| Total funds £ 18,958 |
||
| 18,958 | ||
| 17,500 |
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DocuSign Envelope ID: 46F90E9E-6060-4AA4-9630-51B7C39434DE
ST JOHN'S POULTON 1838 CHARITY
Notes to the Financial Statements for the Year Ended 5 April 2024 (continued)
5 Taxation
The charity is a registered charity and is therefore exempt from taxation.
6 Debtors
Other debtors
2024 2023 £ £ 261,683 233,520
Debtors includes £261,683 (2023: £233,520) receivable after more than one year.
| Other debtors 7 Funds Unrestricted funds General Unrestricted funds General |
Balance at 6 April 2023 £ 1,492,060 Balance at 6 April 2022 £ 1,638,622 |
Incoming resources £ 58,426 Incoming resources £ 53,509 |
Resources expended £ (30,263) Resources expended £ (28,064) |
2024 £ 261,683 Other recognised gains/(losses) £ 186,019 Other recognised gains/(losses) £ (172,007) |
2023 £ 233,520 |
||
|---|---|---|---|---|---|---|---|
| Balance at 5 April 2024 £ 1,706,242 |
|||||||
| Balance at 5 April 2023 £ 1,492,060 |
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DocuSign Envelope ID: 46F90E9E-6060-4AA4-9630-51B7C39434DE
ST JOHN'S POULTON 1838 CHARITY
Notes to the Financial Statements for the Year Ended 5 April 2024 (continued)
8 Analysis of net funds
| 8 Analysis of net funds |
|||
|---|---|---|---|
| Current asset investments Net debt Current asset investments Net debt |
At 6 April 2023 £ 1,258,540 1,258,540 At 6 April 2022 £ 1,430,547 1,430,547 |
Changes in market value £ 186,019 186,019 Changes in market value £ (172,007) (172,007) |
At 5 April 2024 £ 1,444,559 |
| 1,444,559 | |||
| At 5 April 2023 £ 1,258,540 |
|||
| 1,258,540 |
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DocuSign Envelope ID: 46F90E9E-6060-4AA4-9630-51B7C39434DE
ST JOHN'S POULTON 1838 CHARITY
Statement of Financial Activities by fund for the Year Ended 5 April 2024
| Income and Endowments from: Investment income Other income Total income Expenditure on: Raising funds Charitable activities Total expenditure Net income Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Total Unrestricted Funds 2024 £ 39,468 18,958 58,426 (11,305) (18,958) (30,263) 28,163 28,163 1,492,060 1,520,223 |
Total Unrestricted Funds 2023 £ 36,009 17,500 |
|---|---|---|
| 53,509 | ||
| (10,564) (17,500) |
||
| (28,064) | ||
| 25,445 | ||
| 25,445 1,638,622 |
||
| 1,664,067 |
This page does not form part of the statutory financial statements. Page 12
DocuSign Envelope ID: 46F90E9E-6060-4AA4-9630-51B7C39434DE
ST JOHN'S POULTON 1838 CHARITY
Detailed Statement of Financial Activities for the Year Ended 5 April 2024
| Income and Endowments from: Investment income (analysed below) Other income (analysed below) Total income Expenditure on: Raising funds (analysed below) Charitable activities (analysed below) Total expenditure Net income Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Total 2024 £ 39,468 18,958 58,426 (11,305) (18,958) (30,263) 28,163 28,163 1,492,060 1,520,223 |
Total 2023 £ 36,009 17,500 |
|---|---|---|
| 53,509 | ||
| (10,564) (17,500) |
||
| (28,064) | ||
| 25,445 | ||
| 25,445 1,638,622 |
||
| 1,664,067 |
This page does not form part of the statutory financial statements. Page 13
DocuSign Envelope ID: 46F90E9E-6060-4AA4-9630-51B7C39434DE
ST JOHN'S POULTON 1838 CHARITY
Detailed Statement of Financial Activities for the Year Ended 5 April 2024 (continued)
| Investment income Investment income Other income Rent receivable Raising funds Investment management fees Charitable activities Charitable donations |
Total 2024 £ 39,468 39,468 18,958 18,958 (11,305) (11,305) (18,958) (18,958) |
Total 2023 £ 36,009 |
|---|---|---|
| 36,009 | ||
| 17,500 | ||
| 17,500 | ||
| (10,564) | ||
| (10,564) | ||
| (17,500) | ||
| (17,500) |
This page does not form part of the statutory financial statements. Page 14