CHARITY REGISTRATION NUMBER: 1174207
Gospel Patrons UK
Unaudited Financial Statements
For the year ended 31 December 2022
Gospel Patrons UK
Financial Statements
Year ended 31 December 2022
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 3 |
| Statement of financial activities | 4 |
| Statement of financial position | 5 |
| Notes to the financial statements | 6 |
| The following pages do not form part of the financial statements | |
| Detailed statement of financial activities | 11 |
| Notes to the detailed statement of financial activities | 12 |
Gospel Patrons UK
Trustees' Annual Report
Year ended 31 December 2022
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 December 2022.
| Reference and administrative details | |
|---|---|
| Registered charity name | Gospel Patrons UK |
| Charity registration number | 1174207 |
| Principal office | C/O Orchard Lea |
| Bayworth Lane | |
| Boars Hill | |
| Oxford | |
| OX1 5DF | |
| The trustees | |
| Mr S D Pillar | |
| Mr B Stone | |
| Mr A H K Sachak | |
| Independent examiner | Alistair Russell FCA |
| New Court | |
| Abbey Road North | |
| Shepley | |
| Huddersfield | |
| HD8 8BJ |
Structure, governance and management
The charity has three Trustees, S D Pillar, A H K Sachak and B Stone. The Trustees meet as needed but as a minimum, at least quarterly, to conduct general Charity business. In 2020, the charity had one employee who coordinated networking events in the UK and promoted The Generosity Project book.
Objectives and activities
The object of the Charitable Incorporated Organisation (CIO) is, for the public benefit, the advancement of the Christian faith, principally (but without limitation) by the teaching of the gospel of Jesus Christ particularly as it relates to promoting the principles of generosity. The charity achieves these objects by hosting regular events throughout the UK which promote generosity amongst business people and ministry workers.
Achievements and performance
The charity was registered on 10 August 2017, and has started operating from April 2020. Throughout 2022 the charity hosted four events in the City of London for business and ministry leaders. The average attendance of these events was 68 and the mailing list for the charity, through which it informs others of its work and shares resources concerning generosity to Christian ministries exceeded 500 for the first time in the charity’s history.
The trustees were pleased with the development of a 25 minute documentary on the life and generosity of Sir John Laing and completed the film in December 2022. The film was written by using historical archives and live interviews of people who knew Sir John Laing or benefitted from his philanthropy. The video will be made available free of charge online and shown at a number of events hosted by Gospel Patrons United Kingdom. The film was partly financed by The Stewards Company, the company with oversight of the Sir John Laing Trust.
The Trustees are of the opinion that the activities in the year have contributed to the objectives of the relevant charities and have therefore been for the public benefit. The charity has considered the Charity Commission's guidance on Public Benefit.
Financial review
At the year end the charity had unrestricted reserves of £81,827. Income was £153,831, and was mainly made up of donations totalling £153,588. Expenditure was £156,316. This was the Third year of activity for the charity. At the year end the charity had £80,032 in the bank.
Reserves policy
The trustees aim to maintain a level of unrestricted reserves to be able to cover overhead expenditure for at least 3 months. The reserves at the year end were £81,827.
Plans for future periods
The charity plans to continue hosting events in 2023, beginning with a public launch of its documentary in January. The charity will make plans to host a national conference which will take place in early 2024.
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Gospel Patrons UK
Trustees' Annual Report
Year ended 31 December 2022
The trustees' annual report was approved on 18[th] October 2023 and signed on behalf of the board of trustees by:
Mr S D Pillar Trustee
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Gospel Patrons UK
Independent Examiner's Report to the Trustees of Gospel Patrons UK
Year ended 31 December 2022
I report to the trustees on my examination of the financial statements of Gospel Patrons UK ('the charity') for the year ended 31 December 2022.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements 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 - matter of concern identified
In carrying out my examination I noted a lapse of accounting records recording expenses. Supporting documentation had not been kept on several occasions for charitable expenditure. It was noted that expenditure totalling £625 did not have supporting receipts or invoices, although it could be traced out of the bank. This expenditure has been included in the accounts. The trustees are aware that improved record keeping should be kept going forward, to support all expenditure. I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.
I confirm that no other matters have come to my attention in connection with my examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the financial statements do not accord with those records; or
-
the financial statements 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.
Alistair Russell FCA Independent Examiner
New Court Abbey Road North Shepley Huddersfield HD8 8BJ
3
Gospel Patrons UK
Statement of Financial Activities
Year ended 31 December 2022
| 2022 | 2021 | |||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | Total funds | Total funds | ||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Donations and legacies | 4 | 153,588 | 153,588 | 121,935 |
| Investment income | 5 | 243 | 243 | 20 |
| -------------------------- | -------------------------- | -------------------------- | ||
| Total income | 153,831 | 153,831 | 121,955 | |
| ========================== | ========================== | ========================== | ||
| Expenditure | ||||
| Expenditure on charitable activities | 6,7 | 156,316 | 156,316 | 106,390 |
| -------------------------- | -------------------------- | -------------------------- | ||
| Total expenditure | 156,316 | 156,316 | 106,390 | |
| ========================== | ========================== | ========================== | ||
| -------------------------- | -------------------------- | -------------------------- | ||
| Net (expenditure)/income and net movement in funds | (2,485) | (2,485) | 15,565 | |
| ========================== | ========================== | ========================== | ||
| Reconciliation of funds | ||||
| Total funds brought forward | 81,827 | 81,827 | 66,262 | |
| -------------------------- | -------------------------- | -------------------------- | ||
| Total funds carried forward | 79,342 | 79,342 | 81,827 | |
| ========================== | ========================== | ========================== |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 6 to 9 form part of these financial statements.
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Gospel Patrons UK
Statement of Financial Position
31 December 2022
| 2022 | 2021 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 13 | 2,825 | 2,035 |
| Current assets | |||
| Debtors | 14 | 1,060 | 1,060 |
| Cash at bank and in hand | 80,032 | 81,807 | |
| ---------------------- | ---------------------- | ||
| 81,092 | 82,867 | ||
| Creditors: amounts falling due within one year | 15 | 4,575 | 3,075 |
| ---------------------- | ---------------------- | ||
| Net current assets | 76,517 | 79,792 | |
| ---------------------- | ---------------------- | ||
| Total assets less current liabilities | 79,342 | 81,827 | |
| ---------------------- | ---------------------- | ||
| Net assets | 79,342 | 81,827 | |
| ====================== | ====================== | ||
| Funds of the charity | |||
| Unrestricted funds | 79,342 | 81,827 | |
| ---------------------- | ---------------------- | ||
| Total charity funds | 17 | 79,342 | 81,827 |
| ====================== | ====================== |
These financial statements were approved by the board of trustees and authorised for issue on ........................, and are signed on behalf of the board by:
Mr S D Pillar Trustee
The notes on pages 6 to 9 form part of these financial statements.
5
Gospel Patrons UK
Notes to the Financial Statements
Year ended 31 December 2022
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is a Charitable incorporated organisation. The address of the principal office is C/O Orchard Lea, Bayworth Lane, Boars Hill, Oxford, OX1 5DF.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Incoming resources
All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
- income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
- expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. - other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Computer equipment
20% straight line
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Gospel Patrons UK
Notes to the Financial Statements (continued)
Year ended 31 December 2022
3. Accounting policies (continued)
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
4. Donations and legacies
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | ||
| £ | £ | £ | £ | ||
| Donations | |||||
| Donations | 153,588 | 153,588 | 121,935 | 121,935 | |
| ========================== | ========================== | ========================== | ========================== | ||
| 5. | Investment income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2022 | Funds | 2021 | ||
| £ | £ | £ | £ | ||
| Bank interest receivable | 243 | 243 | 20 | 20 | |
| =========== | =========== | =========== | =========== | ||
| 6. | Expenditure on charitable activities by fund type | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2022 | Funds | 2021 | ||
| £ | £ | £ | £ | ||
| Provision of resources and promotional costs | 109,232 | 109,232 | 51,020 | 51,020 | |
| Support costs | 47,084 | 47,084 | 55,370 | 55,370 | |
| -------------------------- | -------------------------- | -------------------------- | -------------------------- | ||
| 156,316 | 156,316 | 106,390 | 106,390 | ||
| ========================== | ========================== | ========================== | ========================== |
7. Expenditure on charitable activities by activity type
| Activities | ||||
|---|---|---|---|---|
| undertaken | ||||
| directly | Support costs Total funds 2022 | Total fund 2021 | ||
| £ | £ | £ | £ | |
| Provision of resources and promotional costs | 109,232 | 45,059 | 154,291 | 104,815 |
| Governance costs | – | 2,025 | 2,025 | 1,575 |
| -------------------------- | ---------------------- | -------------------------- | -------------------------- | |
| 109,232 | 47,084 | 156,316 | 106,390 | |
| ========================== | ====================== | ========================== | ========================== | |
| Analysis of support costs | ||||
| Travel | Total 2022 | Total 2021 | ||
| £ | £ | £ | ||
| Staff costs | – | – | 49,449 | |
| General office | 2,805 | 2,805 | 3,881 | |
| Governance costs | 2,025 | 2,025 | 1,575 | |
| Support costs - Other costs | 2,999 | 2,999 | 466 | |
| Support costs - consultancy | 39,255 | 39,255 | – | |
| ---------------------- | ---------------------- | ---------------------- | ||
| 47,084 | 47,084 | 55,371 | ||
| ====================== | ====================== | ====================== |
8. Analysis of support costs
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Gospel Patrons UK
Notes to the Financial Statements (continued)
Year ended 31 December 2022
9. Net (expenditure)/income
| Net (expenditure)/income is stated after charging/(crediting): | |||
|---|---|---|---|
| 2022 | 2021 | ||
| £ | £ | ||
| Depreciation of tangible fixed assets | 510 | 69 | |
| =========== | =========== | ||
| 10. | Independent examination fees | ||
| 2022 | 2021 | ||
| £ | £ | ||
| Fees payable to the independent examiner for: | |||
| Independent examination of the financial statements | 2,025 | 1,575 | |
| =================== | =================== |
11. Staff costs
The average head count of employees during the year was – (2021: 1).
No employee received employee benefits of more than £60,000 during the year (2021: Nil).
12. Trustee remuneration and expenses
No remuneration or other benefits in respect of services provided to the Charity were received by the Trustees from the Charity or a related entity. No Trustees expenses have been incurred during the year.
13. Tangible fixed assets
| Long leasehold | Computer | |||
|---|---|---|---|---|
| property | equipment | Total | ||
| £ | £ | £ | ||
| Cost | ||||
| At 1 January 2022 | – | 2,104 | 2,104 | |
| Additions | – | 1,300 | 1,300 | |
| ----------- | ------------------- | ------------------- | ||
| At 31 December 2022 | – | 3,404 | 3,404 | |
| =========== | =================== | =================== | ||
| Depreciation | ||||
| At 1 January 2022 | – | 69 | 69 | |
| Charge for the year | 510 | – | 510 | |
| ----------- | ------------------- | ------------------- | ||
| At 31 December 2022 | 510 | 69 | 579 | |
| =========== | =================== | =================== | ||
| Carrying amount | ||||
| At 31 December 2022 | (510) | 3,335 | 2,825 | |
| =========== | =================== | =================== | ||
| At 31 December 2021 | – | 2,035 | 2,035 | |
| =========== | =================== | =================== | ||
| 14. | Debtors | |||
| 2022 | 2021 | |||
| £ | £ | |||
| Other debtors | 1,060 | 1,060 | ||
| =================== | =================== | |||
| 15. | Creditors: amounts falling due within one year | |||
| 2022 | 2021 | |||
| £ | £ | |||
| Accruals and deferred income | 4,575 | 3,075 | ||
| =================== | =================== |
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Gospel Patrons UK
Notes to the Financial Statements (continued)
Year ended 31 December 2022
16. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £Nil (2021: £2,224).
17. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||||
|---|---|---|---|---|---|---|
| At | ||||||
| At | 31 December | 20 | ||||
| 1 | January 2022 | Income | Expenditure | 22 | ||
| £ | £ | £ | £ | |||
| General funds | 81,827 | 153,831 | (156,316) | 79,342 |
||
| ====================== | ========================== | ========================== | ====================== | |||
| At | ||||||
| At | 31 December | 20 | ||||
| 1 | January 2021 | Income | Expenditure | 21 | ||
| £ | £ | £ | £ | |||
| General funds | 66,262 | 121,955 | (106,390) | 81,827 |
||
| ====================== | ========================== | ========================== | ====================== |
Unrestricted general funds are available for use at the discretion of the Trustees in the furtherance of the general charitable objectives.
18. Related parties
During the period the company received donations of £111,448 (2021 - £100,659) from the trustees. A donation of £1,060 was also receivable at the year end (2021; £1,060) from First Fruits Gospel Foundation, a charity in which S D Pillar is a trustee, and a donation of £320 was received from this charity in 2022.
9
Gospel Patrons UK
Management Information
Year ended 31 December 2022
The following pages do not form part of the financial statements.
10
Gospel Patrons UK
Detailed Statement of Financial Activities
Year ended 31 December 2022
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Income and endowments | ||
| Donations and legacies | ||
| Donations | 153,588 | 121,935 |
| -------------------------- | -------------------------- | |
| Investment income | ||
| Bank interest receivable | 243 | 20 |
| ----------- | ----------- | |
| -------------------------- | -------------------------- | |
| Total income | 153,831 | 121,955 |
| ========================== | ========================== | |
| Expenditure | ||
| Expenditure on charitable activities | ||
| Purchases | 100,268 | 32,560 |
| Wages and salaries | – | 42,103 |
| Employer's NIC | – | 5,122 |
| Pension costs | – | 2,224 |
| Other motor/travel costs | 2,999 | – |
| Legal and professional fees | 41,280 | 1,575 |
| Other office costs | 2,295 | 4,488 |
| Depreciation | 510 | 69 |
| Event costs | 8,964 | 18,460 |
| Loss on disposal of fixed assets | – | (211) |
| -------------------------- | -------------------------- | |
| 156,316 | 106,390 | |
| -------------------------- | -------------------------- | |
| -------------------------- | -------------------------- | |
| Total expenditure | 156,316 | 106,390 |
| ========================== | ========================== | |
| -------------------------- | -------------------------- | |
| Net (expenditure)/income | (2,485) | 15,565 |
| ========================== | ========================== |
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Gospel Patrons UK
Notes to the Detailed Statement of Financial Activities
Year ended 31 December 2022
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Expenditure on charitable activities | ||
| Provision of resources and promotional costs | ||
| Activities undertaken directly | ||
| Promotional resources, videos and books | 100,268 | 32,560 |
| Event costs | 8,964 | 18,460 |
| -------------------------- | ---------------------- | |
| 109,232 | 51,020 | |
| -------------------------- | ---------------------- | |
| Support costs | ||
| Wages/salaries | – | 42,103 |
| Employer's NIC | – | 5,122 |
| Pension costs | – | 2,224 |
| Travel costs | 2,999 | – |
| Consultancy | 39,255 | – |
| Other office costs | 2,295 | 4,488 |
| Depreciation | 510 | 69 |
| Gain on disposal of Fixed assets | – | (211) |
| ---------------------- | ---------------------- | |
| 45,059 | 53,795 | |
| ---------------------- | ---------------------- | |
| Governance costs | ||
| Accountancy fees | 2,025 | 1,575 |
| ------------------- | ------------------- | |
| -------------------------- | -------------------------- | |
| Expenditure on charitable activities | 156,316 | 106,390 |
| ========================== | ========================== |
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