DAYSPRING CHURCH TRUST Accounts- 31 December 2021
DAYSPRING CHURCH TRUST
Charity number: 1170813
Accounts – 31[st] December 2021
INDEX
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1-2. Report of the Trustees and General Information 3. Independent Examiner’s Report to the Trustees 4. Statement of Financial Activities 5. Balance Sheet 6-11. Notes to the Accounts
DAYSPRING CHURCH TRUST
REPORT OF THE TRUSTEES for the year ended 31[st] December 2021
The Trustees are pleased to present their annual report and financial statements of the charity for the year ended 31[st] December 2021.
The Financial Statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and complies with the Charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice (second edition) and Financial Reporting Standard FRS 102.
Reference and Administration Details
The charity’s name is Dayspring Church Trust.
Charity Registration Number: 1170813
Registered Address: Dayspring Church Trust 7 Market Place Chippenham Wiltshire SN15 3HD
Trustees
The Trustees and officers who served during the year and since the year end were as follows:
C West (Chair) D Halls R Mrode I Powell (resigned 1 October 2021) D Whale (appointed 19 January 2022)
Objects and Activities
The main objects of the charity are:
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a) The advancement of the Christian faith
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b) Relief of persons who are in conditions of need, hardship or distress, or who are aged or sick
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c) The advancement of education on Christian principles in any educational establishment
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d) To promote any other charitable objects as the Trustees think fit.
In planning the activities of the charitable company the trustees have considered the Charity Commission’s guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion.
Achievements and Performance
With the continuing pandemic 2021 proved another challenging year. Dayspring followed the guidance of the Government, Church of England, and the Evangelical Alliance at all times.
Difficulties of the pandemic meant that the Pioneer Annual leadership conference moved online and was attended by a number of the leadership team over the two days.
As soon as possible Dayspring returned to gathering together. Initially in the garden and later in the hall following masking and social distancing rules.
The weekday morning prayer group on zoom using Northumbria Morning Prayer continues with a core group of seven as suits individuals work patterns.
Renewed the small group made up of older members of Dayspring is back to meeting twice a month in one of the homes.
DAYSPRING CHURCH TRUST
REPORT OF THE TRUSTEES for the year ended 31[st] December 2021 ( Continued)
Achievements and Performance (continued)
As we now meet together on Sunday mornings, we no longer offer an online presence except the word sections which are posted on our website and App. The church wide family WhatsApp group continues to operate providing information, encouragement, and humour.
Our Sunday morning meetings are back to their usual format with worship, word, children's work and fellowship.
We continue to support two local Food Banks, Home of Hope in Romania, Women Without Roofs in Nepal and the Gautampuri school in India. We raised £4,042 for the slum school in Delhi we support through the Bridge Trust.
Financial Review
Total income in 2021 was £78,043 compared to £96,238 in 2020 and total expenditure was £86,193 compared to £97,389 in 2020. While with reserves it was possible to cope with the deficit, it is not something that can be repeated, so during 2022 costs are being carefully monitored and reviewed.
Reserves Policy
The Trustees believe in holding 3 months expenditure. The Trustees consider that this should be £26,250 held in general funds. Currently reserves are below this level and the Trustees will continue to monitor the financial position of the charity.
Structure, Governance and Management
Governing Document
Dayspring Church Trust is registered as a Charitable Incorporated Organisation with the Charity Commission. It was formed under a Trust Deed registered on 19[th] December 2016. It took over the assets and liabilities and charitable activities of Dayspring Church Trust, registered charity number 1057478.
Appointment of Trustees
The charity ensures existing trustees are kept informed of the activities and performance of the charity and are provided with regular management information.
The trustees keep the composition of the board under review and will seek to appoint additional members with appropriate skills and expertise should the need arise. Interested parties are given details of the background of the charitable company in order to make them aware of current activities.
Approved by the directors on 6th October 2022 and signed on its behalf by:
C West
…………………………………… C West - Trustee
Chippenham, Wiltshire
DAYSPRING CHURCH TRUST
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES
I report to the trustees on my examination of the accounts of Dayspring Church Trust for the year ended 31st December 2021.
Responsibilities and Basis of Report
As the charity’s trustees 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 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 the 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 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.
A P Williams FCCA A J Carter & Co Chartered Accountants
22b High Street Witney Oxon OX28 6RB 11th October 2022
DAYSPRING CHURCH TRUST
STATEMENT OF FINANCIAL ACTIVITIES
(including an income and expenditure account) for the year ended 31[st] December 2021
| Note Income from: Donations and legacies 3 Investments 4 Other 5 Total incoming resources Expenditure on: Raising funds Charitable activities 6 Total expenditure Net income/(expenditure) and net movement in funds for the year Transfer between funds Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted Restricted Total Funds Funds Funds 2021 £ £ £ 73,522 4,042 77,564 2 - 2 477 - 477 74,001 4,042 78,043 - - - 82,193 4,000 86,193 82,193 4,000 86,193 (8,192) 42 (8,150) - - - (8,192) 42 (8,150) 20,957 7,249 28,206 £12,765 £7,291 £20,056 |
Total Funds 2020 £ 96,197 9 32 |
|---|---|---|
| 96,238 | ||
| - 97,389 |
||
| 97,389 | ||
| (1,151) - |
||
| (1,151) 29,357 |
||
| £28,206 |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derives from continuing activities.
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derives from continuing activities.
The notes on pages 6 to 11 form part of these financial statements
DAYSPRING CHURCH TRUST
BALANCE SHEET as at 31[st] December 2021
| Note Current assets Debtors 11 Cash at bank and in hand Total current assets Liabilities Creditors falling due within one year 12 Net current assets Total net assets 13 The funds of the Charity Restricted income funds 14 Unrestricted income funds 14 Total charity funds |
2021 £ 1,625 19,601 21,226 1,170 20,056 20,056 7,291 12,765 £20,056 |
2020 £ 1,625 27,721 |
|---|---|---|
| 29,346 1,140 |
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| 28,206 | ||
| 28,206 | ||
| 7,249 20,957 |
||
| £28,206 |
These accounts were approved by the trustees and authorised for issue on: 6th October 2022 and are signed on their behalf by:
C West
………………….. C West - Trustee
D Halls
…………………. D Halls - Trustee
The notes on pages 6 to 11 form part of these financial statements
DAYSPRING CHURCH TRUST
NOTES TO THE ACCOUNTS
for the year ended 31[st ] December 2021
1. Accounting Policies
The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
a) Basis of Preparation
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.
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
- b) Public Benefit Entity
Dayspring Church Trust meets the definition of a public benefit entity under FRS 102.
c) Going Concern
The Trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.
d) Income Recognition Policies
Items of income are recognised and included in the accounts when all of the following criteria are met:
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The charity has entitlement to the funds;
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any performance conditions attached to the items of income have been met or are fully within the control of the charity;
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there is sufficient certainty that receipt of the income is considered probable; and
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the amount can be measured reliably.
Income received in advance of a specific performance or provision of other specified service is deferred until the criteria for income recognition are met.
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e) Interest Receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the bank.
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f) Fund Accounting
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Unrestricted funds are available to spend on activities that further any of the purposes of the Charity. Designated funds are unrestricted funds of the Charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for the particular areas of the Charity’s work or for specific projects being undertaken by the Charity.
DAYSPRING CHURCH TRUST
NOTES TO THE ACCOUNTS
for the year ended 31[st] December 2021 (continued)
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g) Expenditure and Irrecoverable VAT
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Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
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h) Cash at Bank and in Hand Cash at bank and cash in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
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i) Creditors and Provisions Creditors and provisions are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
2. Legal Status of the Charity
Dayspring Church Trust is a registered charity and was formed under a Deed of Trust dated 13[th] May 1996. The Church has now transitioned to a CIO structure. The process involved a new charity being registered with the Charity Commission, charity number 1170813. The charity name, aims and objectives and trustees remain unchanged. Dayspring has been operating as the new charity since 1st January 2017.
3. Income from donations
| Gifts and donations | 2021 £ 77,564 £77,564 |
2020 £ 96,197 |
|---|---|---|
| £96,197 |
Of the £77,564 received in 2021 (2020: £96,197) £4,042 was restricted funds (2020: £5,496) and £73,522 (2020: £90,701) unrestricted funds.
4. Investment income
All of the Charity investment income arises from money held in the Lloyds Bank.
5. Income earned from other sources
| Other | 2021 £ 477 £477 |
2020 £ 32 |
|---|---|---|
| £32 |
DAYSPRING CHURCH TRUST
NOTES TO THE ACCOUNTS
for the year ended 31[st] December 2021 (continued)
6. Analysis of expenditure on charitable activities
| Grants in furtherance of charity objects: Gifts to persons in need Gifts to other ministries Other gifts Activities in furtherance of charity objects: Membership subscriptions Weekend Away Rent Teaching resources Music and PA resources Social Youth work Children's work Outreach Cabaret Connexion Delhi School Leadership resources External ministry Ministry support Ministry expenses Training Website and publicity Management and administration: Office supplies Legal and insurance Equipment Computer software and hardware Sundries Telephone Postage Bank charges Accountancy Total |
Unrestricted Restricted 2021 Total £ £ £ - - - 2,034 - 2,034 - - - 133 - 133 - - - 9,626 - 9,626 259 - 259 52 - 52 125 - 125 958 - 958 494 - 494 30 - 30 - - - - 4,000 4,000 730 - 730 1,030 - 1,030 54,694 - 54,694 1,096 - 1,096 358 - 358 933 - 933 2,586 - 2,586 2,910 - 2,910 532 - 532 680 - 680 55 - 55 1,435 - 1,435 59 - 59 214 - 214 1,170 - 1,170 £82,193 £4,000 £86,193 |
2020 Total £ 742 2,624 44 138 - 7,899 173 68 73 105 602 340 405 5,644 509 1,913 62,189 1,356 2,418 886 3,553 1,193 1,274 590 74 1,203 23 211 1,140 |
|---|---|---|
| £97,389 |
Of the £86,193 expenditure in 2021 (2020: £97,389), £82,193 was charged to unrestricted funds (2020: £91,701) and £4,000 to restricted funds (2020: £5,688).
DAYSPRING CHURCH TRUST
NOTES TO THE ACCOUNTS
for the year ended 31[st] December 2021 (continued)
- Net income/(expenditure) for the year
| This is stated after charging: Independent examiner's fee |
2021 £ 1,170 |
2020 £ 1,140 |
|---|---|---|
8. Analysis of staff costs and trustee remuneration and expenses
| Salaries and wages - key management personnel Social security costs Pension contributions |
2021 £ 18,175 - 1,303 £19,478 |
2020 £ 27,990 - 1,955 |
|---|---|---|
| £29,945 |
No employees had emoluments in excess of £60,000 (2020: Nil).
During the year one of the Trustees received fees from the charity (as permitted by the Trust Deed) as follows:
| D Halls Trustee expenses paid in the year were: |
2021 £ 19,176 £19,176 £1,638 |
2020 £ 19,176 |
|---|---|---|
| £19,176 | ||
| £1,352 |
The trustee C West was reimbursed expenses totalling £496 (2020: £428) and D Halls £1,142 (2020: £924.
9. Staff numbers
The average monthly number of employees during the year was as follows:
| 2021 | 2020 |
|---|---|
| Number | Number |
| 1 | 1 |
- Corporation tax
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
DAYSPRING CHURCH TRUST
NOTES TO THE ACCOUNTS for the year ended 31[st] December 2021 (continued)
| 11.Debtors Prepayments 12.Creditors: amounts falling due within one year Accruals 13.Analysis of net assets between funds Cash at bank and in hand Other net current assets/(liabilities) Total 14.Analysis of charitable funds Analysis of movements in restricted funds |
General Designated Fund Funds £ £ 10,522 1,788 455 - |
2021 £ 1,625 £1,625 2021 £ 1,170 £1,170 Restricted Funds £ 7,291 - |
2020 £ 1,625 £1,625 2020 £ 1,140 £1,140 Total £ 19,601 455 |
|---|---|---|---|
| £10,977 £1,788 |
£7,291 | £20,056 |
|
| Building fund Spirituality Centre Delhi School Sarah Putt Youth Open Blue Trust Luke Jones Trip Mutende Money Tree Total |
Balance Incoming Resources Funds 31.12. 2020 resources expended Transfers 31.12.2021 £ £ £ £ £ 50 - - - 50 6,647 - - - 6,647 520 4,042 (4,000) - 562 - - - - - - - - - - - - - - - 9 - - - 9 23 - - - 23 |
|---|---|
| £7,249 £4,042 £(4,000) £- £7,291 |
DAYSPRING CHURCH TRUST
NOTES TO THE ACCOUNTS
for the year ended 31[st] December 2021 (continued)
Analysis of charitable funds (continued)
Analysis of movements in unrestricted funds
| General fund Designated fund Total |
Balance Incoming Resources Funds 31.12.2020 resources expended Transfers 31.12.2021 £ £ £ £ £ 16,809 73,651 (79,483) - 10,977 4,148 350 (2,710) - 1,788 |
|---|---|
| £20,957 £74,001 £(82,193) £- £12,765 |
Name of unrestricted fund
Description, nature and purposes of the fund
General fund The 'free reserves' after allowing for all designated funds. Designated fund Designated for the set up of a new Spirituality Centre.
15. Related party transactions
During the year under review trustees, key management personnel and their close relatives made unrestricted donations totalling £19,416 (2020: £16,291) and restricted donations totalling £400 (2020: £725).
The trustees R Mrode and D Halls are also trustees of The Open Blue Trust. During the year Dayspring Church Trust paid £16,574 to The Open Blue Trust for staff support.