I SANDWELL CHURCHES, I LINK TRUSTEES. ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 ST DECEMBER 2022
TRUSTEES’ ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31[ST] DECEMBER 2022
Contents
| REFERENCE AND ADMINISTRATIVE INFORMATION | 3 |
|---|---|
| AIMS AND PURPOSE | 4 |
| REVIEW OF ACTIVITIES | 5 |
| FINANCIAL REVIEW | 6 |
| INDEPENDENT EXAMINER’S REPORT | 7 |
| STATEMENT of FINANCIAL ACTIVITIES | 8 |
| ANALYSIS of INCOME | 9 |
| ANALYSIS of EXPENDITURE | 9 |
| APPENDIX | 10 |
The Trustees present their annual report and the financial statements of the charity for the period ended 31[st] December 2022
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TRUSTEES’ ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31[ST] DECEMBER 2022
REFERENCE AND ADMINISTRATIVE INFORMATION
Registered charity name: Sandwell Churches Link
Charity registration number: 1167003
Registered address: Wesley Methodist Church 291 High Street West Bromwich B70 8ND
Trustees: Mrs. Hazel Bloxham Rev. Bev Thomas Mrs. Esther Spence Rev. Jon Grant Miss Elizabeth Farley Mr. Trevor Palfreyman
Chief Executive Officer: Mr. James Lynch
Independent Examiner: Mr. Eric Moore 2, Orchard Way Great Barr Birmingham B43 8PN
Principle Bankers: Lloyds Bank Ltd.
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TRUSTEES’ ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31[ST] DECEMBER 2022
CHARITY STATUS
The charity is a charitable incorporated organisation (CIO) registered in 2016
AIMS AND PURPOSE
The objects of Sandwell Churches Link are to:
-
Play a key strategic role in reducing poverty in all its forms in Sandwell, including homelessness, food poverty, financial exclusion, and loneliness.
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Help local churches rooted in neighbourhoods to connect with the wider community including other faiths, businesses, voluntary and community groups and public sector organisations
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Help local churches to connect with each other in collaborative learning, shared resources and combined social action
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Support churches by offering training, to enable them to use an asset-based approach to working with their local communities.
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TRUSTEES’ ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31[ST] DECEMBER 2022
REVIEW OF ACTIVITIES
Sandwell Churches Link is a small charity, with a bold mission to work together to help end poverty in Sandwell. The charity operates with an extensive network of partners all of whom share this mission. Our partnerships start with churches of all denominations, but also extends to other-faith groups and community organisations with no particular faith connection.
During 2022, the core activities of Sandwell Churches’ Link were:
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Developing the Sandwell Church Network, in each of the 6 towns
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Supporting ‘Places of Welcome’ initiative
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Pioneering the ‘Warm Spaces’ initiative with church and community partners
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Providing support and innovation to the Sandwell Food Power Network
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Working with 40 churches on effective community engagement through the ‘Opening New Doors’ project.
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Tackling Financial Exclusion
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Pioneering the development of Community Hubs across the borough
Throughout 2022 Sandwell Churches Link continued to work closely in partnership with Transforming Communities Together (Lichfield Diocese) and Thrive Together (Birmingham Diocese)
In 2022 Sandwell Churches’ Link worked in partnership with Sandwell Council and Nurture Development to facilitate a further series of Asset Based Community Development workshops, and an 8-week Discovering ABCD Course, which was attended by 22 local partners from churches and community groups.
During 2022 more new food banks and Pantries have sprung up, which reflects both the continuing needs across the communities, and the preparedness of churches and other community organisations to step into the gap. Sandwell Churches Link has continued to play an important role in helping coordinate these projects and helping to share information, resources and learning across the borough. We work alongside Sandwell Council and all the main food networks based in Sandwell, or who deliver services in Sandwell.
Sandwell Churches Link is very grateful for the privilege to work with so many great churches and community partners, and to its sponsors who enable us to operate the charity.
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TRUSTEES’ ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31[ST] DECEMBER 2022
FINANCIAL REVIEW
Income generation
The total income for the year was £69,702 (2021: £28,325) which was generated through voluntary donations, grants, and training courses.
Expenditure
Total expenditures were £75,091 (2021: £36,686)
Funds
Overall funds are £17,923 (2021: £23,312) of which restricted funds are £0 (2021: £0)
Reserves policy
The charity holds unrestricted and restricted funds. Restricted funds are held for particular reasons and are usually spent within the financial year. Our overall policy for unrestricted funds is to hold reserves at a minimum threshold necessary to operate the organisation (not more than 3 months expenditure) or higher when specific projects are being planned for subsequent years.
ON BEHALF OF THE TRUSTEES
Rev. Jon Grant as Chair of Trustees
Signed:
Date: June 2023
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TRUSTEES, ANNUAL REPORT AND FINANCIAL STATEMENTS CH LIN%RCHES' FOR THE PERIOD ENDED 31 DECEMBER 2022 ST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Indepeiideiit Examsner s Report R•port to tho tFU$t8è51 m•mb•rn ol Sa1 Chuths Lk 31 rCemr2022 Chulty no {W•ny) 1167003 S•tout4Jn pag I rewt to Ihè tnJste88ffi my examinatitin ofthe of the ab etharrty Trustl fr)rts year ended R••pon•lblNtl•• Ind AS the ¢hèrty truees ofth TnJ6t, you ore forthe PTVPW8t b••l• of r•port of Ihe accounts h C0&)¢ wllh th• rty]uInmets ol ChoritK3 Acl 2011 Iyhe Acn. I rewt in ofrny ¢xnknation of Tnjsvs aountS carried o uTrJer section 145 cl the 2011 Act and in crt my exwninatyon. I have lollowed the Dirvdions given by the Chrty CL¥nmis8 under section 14515Mbl clthe Art Indopond•nt I ha COmpted my •x8minatv)n. l eonfinn th•tno matwial motters hoNp •xamln•rfs stalomnt com8 to my attentiorb lotherthan that disclosed beltrAt"} In nn•tK)n wih the 8xamination whKh me COUBO to that in. any mateTK41 accounting r?rS not k•pt kn acc0th with 130 cl theAdLY the a¢c¥)unts do Mt accord with thg aeo)untir¥J rerdS I hav• no concem8 have ciwne &fOSS no otrr mattw¥ wi connecti wlih the 0xamlna1n to whth attentK)n thoutd b8 dramm in orderto eThabkn a proper undÈrstaThlr¥J ofth• nI8 to t• reth. ' Pl8ose delets th& wortls in the Iwackets rftheydo ffti18mly. Sn•d". ERIC MOORE RaTht prof•8•lon•l quallfic•tloAl•} ¢r body 111 •nyl: FCA Addr•M:
TRUSTEES’ ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31[ST] DECEMBER 2022
STATEMENT of FINANCIAL ACTIVITIES
For the accounting period 1[st] January 2022 to 31[st] December 2022
| Notes | Unrestricted Fund |
Restricted Fund |
Total Funds 2022 |
Total Funds 2021 |
|
|---|---|---|---|---|---|
| Income | 1 | £ | £ | £ | £ |
| Voluntaryincome | 50,320 | 19,061 | 69,381 | 28,325 | |
| Charitable activities | 321 | - | 321 | - | |
| Total Income | 50,641 | 19,061 | 69,702 | 28,325 | |
| Expenditure | 2 | ||||
| Raisingfunds | 100 | 100 | |||
| Charitable activities | 68,592 | 36,586 | |||
| Total Expenses | 75,091 | 36,686 | |||
| Net Income/Expenditure | (5,389) | (8,360) | |||
| Funds brought forward | 23,312 | 31,672 | |||
| Balance | 17,923 | 23,312 |
ON BEHALF OF THE TRUSTEES
Rev. Jon Grant as Chair of Trustees
Signed:
Date: June 2023
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TRUSTEES’ ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31[ST] DECEMBER 2022
1. ANALYSIS of INCOME for 2021/2022
| Unrestricted Funds |
Restricted Funds |
Total Funds (2022) |
Total Funds (2021) |
|
|---|---|---|---|---|
| Voluntary Income |
£ | £ | £ | £ |
| Charity Donations | 113 | - | 113 | - |
| Grants | 50,207 | 19,061 | 69,268 | 28,325 |
| Total Voluntary Income |
50,320 | 19,061 | 69,381 | 28,325 |
| Charitable Activities |
||||
| Training Courses | 321 | - | 321 | |
| TOTAL INCOME | 50,641 | 19,061 | 69,702 | 28,325 |
2. ANALYSIS of EXPENDITURE for 2021/2022
| TotalExpenses (2022) |
TotalExpenses (2021) |
|
|---|---|---|
| £ | £ | |
| Expenditure on raisingfunds | - | - |
| Website and Promotion | 100 | 100 |
| Total expenditure on raising funds |
100 | 100 |
| Charitable Activities | ||
| Employee Salaries | 32,736 | 28,571 |
| Sessional Workers Costs | 12,206 | 3,791 |
| Office Rental | 975 | 1,075 |
| TrainingCourses | 3,600 | |
| Events | 120 | 25 |
| Promotional Filming | 1,467 | 632 |
| IT and Comms | 1,233 | |
| Legal and Insurance | 544 | 552 |
| HR Support | - | 727 |
| Travel and other Expenses | 3,049 | 1,213 |
| Partner Project Support | 19,061 | - |
| Total Charitable Activities | 75,091 | 36,686 |
| TOTALEXPENDITURE | 75,091 | 36,686 |
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