## _**Worship and Leadership Academy 2024**_
# **Worship and Leadership Academy**
# **Report of the Trustees and Financial Statements for the year ended 5[th] April 2024**
## **Charity Information :**
Registered Charity Number 1163747 Trustees Rev Dr Andrew Hardy (resigned 29/4/2024) Christopher Robert Page Joshua Daniel Kindness Karen Sprouse (appointed 29/4/2024)
Registered Office Bethel Church Spon End Coventry CV1 3HB
Independent Examiner Gavin Kibble 1 Kineton Road Coventry CV2 3NR
1
_**Worship and Leadership Academy 2024**_
## **Worship and Leadership Academy Report of the Trustees and Financial Statements for the year ended 5[th] April 2024**
|Contents|Page|
|---|---|
|Report of the Trustees|3 - 5|
|Independent Examiners Report|6|
|Statement of Financial Activities|7|
|Statement of Assets and Liabilities|8|
|Notes to Financial Statements|9 - 10|
2
_**Worship and Leadership Academy 2024**_
## **Trustees Report**
The trustees submit their report for the year ended 5[th] April, 2024.
## **Introduction**
Over the last financial year, the Worship and Leadership Academy (“WLA”) has primarily focused its energies on running the Oasis Café which went through some quite major changes including a premises move. This past year has seen the offering within the Oasis Café project being widened to include external partners offering services within the café space. The training aspect of WLA has taken somewhat a back seat as key members of the organisation have moved on to other external projects. This aspect of the Academy is being reviewed and a plan for the forthcoming year is being finalised to introduce training streams and a wider range of projects once again.
## **Major Activities and Achievements**
The accounting year for the WLA CIO runs to April 5th of each year. The main activity of the WLA is the provision of community facing projects and ministry training for church-based organisations and individuals.
The Oasis café is an essential service to local Spon End residents, literally a lifeline to some who without it would suffer from social exclusion, loneliness and poor mental health. It still operates at a small loss but the future towards sustainability is looking positive.
The Incredible Edible gardening project is continuing and has been bringing people together around gardening and providing free fresh fruit and vegetables to the local community.
The Trustees ‘Friends of WLA’ scheme has continued with a small number of faithful donors and these funds have been used to support members of our community.
The Trustees of the WLA are planning towards re-introducing training again but also looking at expanding the core projects to include counselling, professional support for young people with disabilities and supporting young people who have experienced school exclusion.
The Oasis Café project has benefitted from external grant funding which has contributed towards staffing and equipment costs this year. The other major outgoings for WLA consist of:
- Donations to non-WLA projects and people in line with the charity’s constitution
- Food hygiene training and first aid training for café staff
- Subsidising ad-hoc training when it arises
In addition to supporting various training and seminar activities, the WLA CIO also has general costs to pay out which include:
- Expenses for meetings
- External training costs
- Technology costs related to the café
- Monthly software subscription costs
- Café costs (insurance etc)
3
## _**Worship and Leadership Academy 2024**_
## **Trustees Report (continued)**
The WLA runs out of Bethel Church, Coventry and currently does not attract any facility lease costs, which is a huge bonus for a relatively new CIO.
## **The Upcoming Year**
The short-term future of the charity is secured however the Trustees are actively seeking to expand the offering of WLA in the upcoming year.
Such areas for potential income might include:
- Expanding into counselling services for young people and those suffering with addictions in partnership with external professionals.
- Introducing support for parents and young people with disabilities in partnership with external professionals.
- Exploring the possibility of a gap-year programme in partnership with ForMission College where participants can access student finance ot cover the costs
- Expanding the current Oasis Café offering to a wider range of people in the community
## **Financial Summary**
The net balance of funds as of 5th April 2024 stands at: £7,758 (2023: £17,868). This decrease was largely due to costs associated with the refurbishment of the café which used grant funds received in the prior year.
## **Risk Policy**
The trustees have identified the risks which might affect the charity and have provided relevant training as advised. The trustees review the charity’s policies and procedures regularly to minimise any risks identified.
## **Reserves Policy**
The trustees’ policy is to review the reserves of the charity on a regular basis. This review encompasses the nature of income and expenditure streams, and the trustees have determined that a general reserve of one month’s unrestricted expenditure should be maintained. At the end of this year this target is £767 (2023 : £1,924). The unrestricted cash balance at the year-end of was £6,016 (2023: £6,919).
**Signed on behalf of the Trustees ___________________** Date **_03_/_09_/_2024__**
4
## _**Worship and Leadership Academy 2024**_
## **Independent examiner’s report to Trustees of Worship and Leadership Academy**
I report on the accounts for the year ended 5[th] April, 2024 which are set out on pages 6 to 10.
## **Respective responsibilities of the trustees and the examiner**
The trustees consider that an audit is not required for this year under section 144 (2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to
- examine the accounts under section 145 of the 2011 Act;
- follow the procedures laid down in the General Directions given by the Charity Commissioner section 145 (5) (b) of the 2011 Act; and
- state whether particular matters have come to my attention.
## **Basis of Independent Examiner’s Statement**
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes considering any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in a full audit, and consequently I do not express an audit opinion on the accounts.
## **Independent examiner’s statement**
In connection with my examination, no matters have come to my attention:
- (1) which give me reasonable cause to believe that in any material respect the requirements
- to keep accounting records in accordance with section 130 of the 2011 Act; or
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
________________________________
Gavin Kibble 20[th] August, 2024 1 Kineton Road, Wyken, Coventry, CV2 3NR
5
## _**Worship and Leadership Academy 2024**_
## **Statement of Financial Activities for the year ended 5[th] April, 2024**
|2024
2023|2024
2023|
|---|---|
|.
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total||
|||
|Note
Funds
Funds
Funds
Funds
Funds
Funds||
|||
|**Incoming Resources:**|£
£
£
£
£
£|
|Donations and Grants
2|180
10,170
10,350
380
24,760
25,140|
|Charitable Activities
3|8,124
-
8,124
10,678
-
10,678|
|Other Income
4|-
-
-
4,671
-
4,671|
|**Total Incoming Resources**|**8,304**
**10,170**
**18,474**
**15,729**
**24,760**
**40,489**|
|||
|**Resources Expended:**||
|Expenditure on Charitable Activities
5|6,267
19,377
25,644
15,829
19,389
35,218|
|Management and Administration
6|2,940
-
2,940
7,256
99
7,355|
|**Total Resources Expended**|**9,207**
**19,377**
**28,584**
**23,085**
**19,488**
**42,573**|
|||
|Net incoming/ (outgoing) resources before||
||(903)
(9,207)
(10,110)
(7,356)
5,272
(2,084)|
|transfers||
|||
|||
|Transfers between funds|-
-
-
(3,798)
3,798
-|
|||
|Net incoming/ (outgoing) resources|(903)
(9,207)
(10,110)
(11,153)
9,070
(2,084)|
|||
|Reconciliation of funds :||
|Total funds brought forward|6,919
10,950
17,868
18,072
1,880
19,952|
|||
|**Total funds carried forward**
8|**6,016**
**1,743**
**7,758**
**6,919**
**10,950**
**17,868**|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derives from continuing activities.
6
## _**Worship and Leadership Academy 2024**_
## **Statement of Assets and Liabilities as at 5[th] April, 2024**
||Unrestricted|Restricted|Total Funds|Unrestricted|Restricted|Total Funds|
|---|---|---|---|---|---|---|
||Funds|Funds|2024|Funds|Funds|2023|
|**Monetary Assets**|£|£|£|£|£|£|
|Cash at bank and in hand|6,016|1,743|7,758|6,919|10,950|17,868|
|**Other Assets**|||||||
|Unclaimed gift aid|317|-|
317|272|-|
272|
|**Liabilities**|||||||
|Sundry creditors|350|-|
350|350|-|
350|
The financial statements were approved by the trustees on 03 /09/2024 and were signed on its behalf by :
on behalf of the Trustees
The notes on pages **8 to 10** form part of these financial statements.
7
_**Worship and Leadership Academy 2024**_
## **Notes to the Financial Statements for the year ended 5[th] April, 2024**
## **1: Accounting Policies**
## **Basis of preparing the financial statements**
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 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) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. The accounts have been produced in the receipts and payments basis.
## **Incoming resources and resources expended**
All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Expenditure is accounted for on an income and expenditure basis and has been classified under headings that aggregate all costs related to that 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.
## **Going Concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charity’s objectives at the discretion of the trustees.
Restricted funds can only be used for the particular purposes specified by the donor or when funds are raised for particular restricted purposes.
|**2:**
**Donations and Grants**|Unrestricted
Restricted
Total Funds
Total Funds|
|---|---|
||Funds
Funds
2024
2023|
||£
£
£
£|
|Income from grants and donations|180
10,170
10,350
25,140|
|Gift aid recovered|-
-
-
-|
||180
10,170
10,350
25,140|
|||
|**3:**
**Income from Charitable Activities**|Unrestricted
Restricted
Total Funds
Total Funds|
||Funds
Funds
2024
2023|
||£
£
£
£|
|Oasis café|8,104
-
8,104
8,378|
|Allotment project/ Incredible Edibles|20
-
20
-|
|Bonhoeffer training programme|-
-
-
2,300|
|Courses income|-
-
-
0|
||8,124
-
8,124
10,678|
8
## _**Worship and Leadership Academy 2024**_
## **Notes to the Financial Statements for the year ended 5[th] April 2024 (continued)**
|**4:**
**Other Income**|Unrestricted
Restricted
Total Funds
Total Funds|
|---|---|
||Funds
Funds
2024
2023|
||£
£
£
£|
|Missions programmes|-
-
-
2,850|
|Other income|-
-
-
1,821|
||-
-
-
4,671|
|||
|||
|**5:**
**Expenditure on Charitable Activities**|Unrestricted
Restricted
Total Funds
Total Funds|
||Funds
Funds
2024
2023|
||£
£
£
£|
|Café running costs|4,158
-
4,158
11,108|
|Café wages costs|1,617
9,170
10,787
15,729|
|Café refurbishment|-
10,207
10,207
-|
|Allotment costs|48
-
48
77|
|Mission costs|-
-
-
2,520|
|Creation Fest|-
-
-
2,124|
|Gifts|444
-
444
-|
|Warm Hub (contributionto utility costs)|-
-
-
3,660|
||6,267
19,377
25,644
35,218|
|||
|**6:**
**Management and Administration Costs**|Unrestricted
Restricted
Total Funds
Total Funds|
||Funds
Funds
2024
2023|
||£
£
£
£|
|Expenses|27
-
27
811|
|Administration Wages|440
-
440
4,174|
|Insurance|198
-
198
632|
|Advertising|-
-
-
159|
|Software and IT services|1,008
-
1,008
1,104|
|Independent Examination|350
-
350
300|
|Training|500
-
500
115|
|Equipment (small value)|200
-
200
-|
|Travel|37
-
37
60|
|Other|180
-
180
-|
||2,940
-
2,940
7,355|
## **7: Staff and Staff Costs**
The average monthly headcount was 2 (2023: 2) and the average monthly full time equivalent headcount (including part-time staff) was 2 (2023 : 2).No employee received a salary in excess of £60,000.
9
## _**Worship and Leadership Academy 2024**_
## **Notes to the Financial Statements for the year ended 5[th] April 2024 (continued)**
|**8:**
**Movement of**
**Restricted Funds**
Oasis Café
Severn Trent Grant
Warm Hub Grants
Oasis Café Furniture|Balance
Balance
Balance|
|---|---|
||06/04//2022
Income
Expenditure
Transfers
06/04/2023
Income
Expenditure
05/04/2024|
||£
£
£
£
£
£
£
£|
||1,880
10,150
(15,828)
3,798
-
5,175
(5,175)
-|
||-
9,950
-
-
9,950
-
(9,764)
186|
||-
3,660
(3,660)
-
-
3,995
(3,995)
-|
||-
1,000
-
-
1,000
1,000
(443)
1,557|
|Total Restricted Funds|1,880
24,760
(19,488)
3,798
10,950
10,170
(19,377)
1,743|
## **Description of Restricted Funds :**
- Oasis Café **:** These are funds specifically received in the form of grants to support the running of the café.
- Severn Trent Grant : This grant is intended to refurbish the new café space
- Communtiy Matters Grants : Funds available to operate a “Warm Hub”
- Oasis Café Furniture : Grant to purchase furniture for the café.
## **9: Trustees Remuneration and Expenses**
The charity trustees were not paid or received any other benefits from employment with the Charity in the year (2023: nil) neither were they reimbursed for expenses relating to their roles as trustees during the year (2023: nil).
## **10: Related Party Transactions**
Mrs H Kindness, the wife of one of the trustees received £440 for bookkeeping services. (2023: £480).
10