Charity Number: 1174618 RED LEThER PROJECT ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 SAINT JOHN'S CHURCH SAINT STREET GREAT HORTON BRADFORD
RED LETTER PROJECT CONTENTS Page Charity Infomiation Trustees Report Statement of Trustees Responsibilities Independènt Examinerfs Report Statement of Financial Activrties Balance Sheet Notes to the Accounts 9-12
RED LErrER PROJECT CHARrrY INFORMATION CHARITY NUMBER 1174618 Charrlable Inc0rFtl Organisation GOVERNING INSTRUMENT CIO- FOUNDATION Registered 12 September 2017 TRUSTEES Revd Canon John Bavington Ms Jo Dennis Revd Adam Dickson Mr Mark King TREASURERS Mr Alan Armrtage Ms Clabre Perkins PRINCIPAL ADDRESS St WilfrKls Vtsrage St WiNnds Road Bradford West Yorkshi BD7 2LU INDEPENDENT EK4MINER Mr R Illingrth Page 1
RED LErrER PROJECT REPORT OF THE TRUSTEES The TNstees present their Report and Financial Statements for the year erKled 31 December 2022. OBJECTIVES, ORGANISATION AND ACTivmES The Red Letter Project vras cOrlItlrted as a Charitabk Incorporated Organisation lry way of Foundation dUMent on 12 September 2017 with the registration number 1174618. The principal address of the Charity is St Willrids Vrage. St Wilfrids Road, Bradford BD7 2LU. The objectives of the Charity are the relief of financial hardship among wple living in Ihe vicinty of Great Horton in Bradford., the provision of assistance with social welfare for recreatson or leisure,. to enhance the development and education of children under the statutory sch¢)ol age., and to advan the Christian Faith frjr the benefrt of the public in accordance wrth the teachir¥Js of Jesus to bve YOUT neighbour. In setting our objectives and planning our activrties the Trustees havè given seri¢)us consideratlon to the Charty CommisSn'S general guidance on public ÈWfft. TRUSTEES The Trustees who served during the year e..- Name Revd Canon John Bavington Mr Brian Bales Ms Jo Dennis Revd Adam Dickson Mr Mark King Poshlon Dates Chair Resigned 19 Juty 2022 Appointed 19 Juty 2022 AGENTS AND ADVISERS The Independent Examiner is Mr. R. Illingworth MAAT of Ash Croft, Wibsey, Bradford BD8 30R. BANKERS The Charty bank accounts are maintained with.. Reliance Bank Faith House 23-24 Lovatt Lane London EC3R 8EB P.0. Box 101 1 Balloon Street Manchester M60 4EP Page 2
RED LEThER PROJECT REPORT OF THE TRUSTEES ACHIEVEMENTS AND PERFORMANCE The Red Letter Project conducts its communty activities from two locations in Great Horton wrth on8 being the village communty hub and the other being the parish church of Saint John the Evangeltst. The Trustees are also responsible for the upkeep of the propety at Sainl Columba$. Review ot the year hare Table The share table is a cross belween a fcod bank and a communty shop which exists to seNe people in the Ial area who find that puth'ng basic ft>)J on the table is a stru9gle. The change to Foodsavers during the year has been very successful vthh a decrease in numbers coming from across the city but we are stlll giving out fNe free food bags a week. We have been awarded a grant whlch will cover mosl costs over the next Iwo years lo help keep this Ministry self-sufficient. The household goods and clothing stall brings in a gocKI source of income which makès a huge difference to what we can offer and helps to keep Ihe share table viable. En lish During the year we employed someone to deliver conversath)nal dasses once a week for speakers of English as a second language but we need to find a way to fund these classes as most people who need this help are not yet able to gain employment and cannol afford to pay for these sessions. om Hub an The communty hub has recenuy been awarded a council grant to (¥)ver the costs of our Tuesday Friends lunch group and the Threads and Needles craft group. The Stay and Play s8ssions are increasingly popular and one of our volunteers has taken on the responsibilty of organising a craft activity each Yek and providing healthy snacks The communty hub also hosts the Great Horton Library where we are able to open on three days in the week thanks to OUT dedicated volunteers but it has been very challenging to try and increase the opening hours. A Nigerian Church, Bradford Youth Services, Yothshire Wibjlrfe Trusl, The Youth Association and Frtends of Brackenhill Park all conlinue lo use the hub on a regular basis and in order to help wrth running costs we have invested in a new air heating system for the sph)rts hall. High1hts during the y8ar have been the Friendship Lunch in February,. the Big Bike GNeaway.' th)labs, the Teddy Beals and the Community Christmas Fair. I School Our hoolS work during 2022 was more or less back to pre-covid levels as were able to go into Brackenhill Primary Schcd and Saint Oswakls Church of England Primary Academy to conduct assemblies. In February we had a very successful Bible Times Exhibtn at Saint Johns Church with all four of the primary SChIS in the parish taking part. In September Ihe team grew in numbers when Millie Cork and Laxmi Rai joined and V were able to spltl into two teams which has worked very well. In October we returned lo Hollingwood Primary School to take two Harvest Festivals and in December took the Christmas story into seven pnmary schcx)Is in both Great Horton and Lidget Green. Under Fives Pre School The pre sch¢)ol seeks to enhance the development and th1uCati of chihdren under th8 ststutory school age by encouraging parents to understand and provide for their needs through communty groups. During the year we had our first Ofsted insteth.on since moved into our new building and we were very pleased to athieve a gL%)J rating in all areas. Pre school has faced an uncertain period as we struggled with ttcupancy levels because families have left the area and we were not able to replace them. We have made many efforts to remety the situation by holding open day5. attending communty events. leafietting and VIsng local families vtho are enlrtled to a fully funded pre school place. We are pleased to rewrt that since September our numbers have increased from twenty children on our registers in March 2022 to thirty six chihjren by the end of the year and we are now averaging more children in attendance at each session. Pa98 3
RED LErrER PROJECT REPORT OF THE TRUSTEES ACHIEVEMENTS AND PERFORMANCE Revlew of the year continued Saint Columbas Improvements Vre made to the heating system during the year for which we received a strategic development fund grant from the Diocese of Leeds and we also spent funds on upgrading the electrical systems in the building. We are continuing to receive rent from the 'Sushi Hometown Restaurant, that OCCUPl8s part of the buikling together wrth a contribution towards our utility Gosts and the Loveworld L8eds Church uses our premises for rts Bradford Outreach project which provides another Sour of rental income. Other income is received from organisations that use our premises for storage purposes. There has been a further large rise in utilrty costs but this has been partially offset through the increase in rental income. The insuranrR arreats on the building from 2018 through to 2021 which effectively meant the accounts for last year contained four years of insurance premiums have now been paid in full. We are exploring our optiions lo further utilise the building with the aim of providing serViS to the local community and in connection with this V spent £3,000 on play equipment which we hope to use in one of our future projects. FINANCIAL ACTIVITIES AND AFFAIRS Full details of the financial transactions are contsined in the attached accounts where the total income for the year was £144,889 {2021 £118,323) and after deduIng expenditure of £163,805 {2021 . £125,633) the net outgoing resources were £18.916 (2021 '. £7,310). RESERVES POLICY It is the policy of the Trustees to maintain a balan on total funds (rf possible) which equates approximately to three months expendilure in Ofder to cover emergency srtuations that may anse from time to time. The balan of £62,064 at the year end matched this target. SIGNED ON BEHALF OF THE TRUSTEES Revd Canon John Bavington 14 May 2023 Page 4
RED LETTER PROJECT STATEMENT OF TRUSTEES RESPONSIBILMES The trustees are responsible preparing the Ttees. Re[ and the financial ststements in accordance with the Statement of Recommended Prackn (SORP 2015) for charities Bsued by the Charity Commission and the CharItS Act 2011. The law applicable to charitses in England & Wales requires the trustees to prepare flnancial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming reSoUrS and application of resources of the chanty for that per. In preparing these financial ststements, the trustees are required to: select surtable accounting policies and then appty them (x)nsist8ntky; observe the methods and principles in the Charities SORP" make judgements and estimates that are reasonable and prudent,. state whether applicable thxxwnts'ng standards have been foll0vd, subject to any departures disdosgj and explained in the financial statements: prepare the financial statements on the going conrn basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper &untIng records that discb)se wlth reasonable accuracy at any lime the financial sItiOn of the chanty and enable them to ensure tha the financial statements compty ryth the Charits Act 2011 and the prowgons of the foundats'on document. They are also responsible for safeguarding the assets of the charity and hence for taking reasonab18 steps for the preventn and deteCth of frathl and other irregulariti8S. Page 5
RED LErrER PROJECT INDEPENDEKf EXAMINER'S REPORT TO THE TRUSTEES OF THE RED LErrER PROJECT I report on the accounts of the thanty for the year ended 31 December 2022 set out on pages 7 to 12. RESPECTIVE RESPONSIBILMES OF TRUSTEES AND EXAMINER The trustees of the chanty are responsible for the preparation of the accounts Th8 charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (th8 2011 Act), and that an independent examination is needed. It is my responsibility to.. examine the accounts urKler s8ction 145 of the 2011 Act: follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Ad; and state whether particular matters have come to my attention. BASIS OF INDEPENDENT EXAMINER'S REPORT My examination was carried out in acrdanCe with General Directions given by the Ch8rty Commission. An examination inclLKles a review of the ac¢ounts'ng records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as Irustees OnrnIng any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accourrts present a 'Irue and fair vievf and the report is limited to those matters set out in the statement below. INDEPENDENT EXAMINERE STATEMENT In the course of my examination, no matter has come to my attention: which gives me reasonabfe cause to believe that. in any material respect, the requirements to keep accounting records in accordance with section 130 of the 2011 Act,. and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met: or to vthich, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts be reached. R. Illingworth MAAT Ash Croft Wibsey Bradford BD6 3QR 16 May 2023
RED LEThER PROJECT STATEMENT OF FINANCIAL AcnvmES FOR THE YEAR ENDED 31 DECEMBER 2022 Unrestrided RLP Activities Fund Designated Under Fives Fund Total Funds 2022 Totsl Funds 2021 INCOMING RESOURCES Generdted Funds 61.801 51,767 113,568 106,280 Charltable Actlvfties 29.296 2.025 31,321 12,043 91,097 53.792 144.889 118.323 RESOURCES EXPENDED Charltsble Actlvlties 97,715 63,580 161,295 122,422 Governance Costs Administration 2,101 2.510 3,211 TOTAL RESOURCES EXPENDED 98.124 65,681 163,805 125,833 NET INCOMING OR (OUTGOING) RESOURCES { 7,027) (11.889) (18,916) { 7,310) Net Transfers Belb%wn Funds NET MOVEMENT IN FUNDS (7.027) (11.889) (18.916) { 7,310) Total Funds Brought F(xvrdrd 46.640 80.980 88,290 TOTAL FUNDS CARRIED FORWARD 39.613 22.451 62.064 80,980 Page 7
RED LETfER PROJECT BALANCE SHEEf AS AT 31 DECEMBER 2022 Unrestricted Dosignated RLP Activities Under Fivas Fuftd Fund Total Funds 2022 Total Funds 2021 Nots FIXED ASSETS Tangibb Assets 10.650 10,650 CURRENT ASSErs Deblors and Prepayments Cash al Banks Cash in Hand 2,135 31,929 600 23.664 82 2,735 55.593 1,380 89,515 897 24.346 59.312 91,792 CURRENT LIABILITIES Creditors and Accruals Tax and Social Security 1.100 795 6.744 1,154 10.159 653 359 6.IXJ3 1,895 7,898 10,812 NET ASSETS 39.613 22,451 62,064 80,980 RESERVES Balances Brought Forvrdrd Net Movement in Funds 46.640 (7.0271 80.980 118,916) 88,290 (7,3101 { 11.889) Balances Carried Forward 39,613 22.451 62,064 80,980 The financial slatements were approved by the Trustees on 14 May 2023. Revd Canon John Bavington Trustee
RED LETtER PROJECT NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022 1. STATEMEKf OF ACCOUNTING POUCIES The following we the more important accounting Fol188 adopted by the Charitr. a) BASIS OF PREPARATION These financial statements have been prepared using the historical cost convention and are in accordan with the Statement of Recommended Practice". Accounting and Reporting by ChaTilies preparing their accounts in accordance wtth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 20151 and vAth the Charrties Act 2011. There has been no change to the act(ntIng polici68 Sin last year and no changes to the accounts for the pVIouS year. The accounts have been prepar•J on a going concern basis as the trustees a satisfi8d that there are no materia uncertainties about the abilrty of the chanty to continue. b) INCOMING RESOURCES All incoming resour are included in the Statement of Financial Activitles {SOFA) vthen the chanty become5 enlrtled lo those reSoUrs. The value of any voluntary help received is not included in the CoUnts but is described in the report of the trustees. c) RESOURCES EXPENDEO All expenditure is accounted for on an accruals basTs as a liability is incurred. Liabilities are recognised where rt Is more likety than not that there is a leg81 or constructive obligation commtting the charty to pay out the resources and the amounl of that obligation can be measured with reasonable certainty. d) FUND ACCOUNTING General funds are unrestricted funds which are availab for use at the discretion of the Iru8tee8 in furtheTance of the general obieclives of the chanty and have nol been designated for other purposes. Designated furKJs comprise unrestric*ed funds that have been set asNJe by the trust88s for partular purposes. Restricted fund3 are funds which are to be used In accordance with specific reStrtionS imposed by donors or which have been raised by the chanty for particular purposes. The cost of raising and administering such funds are charged against the sifiC fund. el FIXED ASSETS Depreciation is provided to write off the (xjst of tangible fixed assets over their estimated useful lives at the foll¢)wing rates'.- Fixtures, Fittings and Equipment 11)% per annum straNJht line Indivmaual items of fixtures, ffttings and equipment wrth a purchase price of £500 or less are itten off when the asset is acquIj.
RED LErrER PROJECT NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022 INCOMING RESOURCES Unrestrictod Designatod RLP Activrtles Under Fives Fund Fund Total Funds 2022 Total Funds 2021 Generated Funds Voluntary Income.. Unrestricted t)onatior Share Table Donations Tuesday Friends Group Communty Gardening Inn Churches Grants Received.. Earfy Years Funding Great Horton Communty Hub Communty Food Bank Saint Columbas Communty Investment Income.. Bank Interest Charltsble Activitlo8 Under Fives Pre Sch1 Fees Community Hub Rent Income Saint Columbas Rent Income 3,915 1,574 3.915 1.574 6,127 1.995 221 2,000 51,692 51,692 24.846 18.124 12.500 68.611 16,900 10.344 24.848 18.124 12,500 75 75 82 2.025 2,025 12,062 17,234 635 4.431 6,977 12.C62 17.234 91,097 53,792 144,889 118,323 RESOURCES EXPENDED Unrestrictod RLP Activiti Fund Designat Undor Fiv08 FurKI Totsl Fund• 2022 Total Fundrs 2021 Charftsblo Actlvltle• Wages and Salari88 Saint Johns Rent Share Tab Tuesday Friends Group Community Gardening Under Fives Pre School Inn Church8S Community Hub.. Under Fives Pre Schcrtjl Rent Utilities and Insurance Repairs and Maintenance Sainl Columbas.. Utilities and Insurance Repair5 and Maintenance 33.038 60.291 93.329 6.000 2,071 824 20 2.120 76.129 6,000 3,565 252 399 1,887 2.071 824 2,120 21,190 1,889 1,169 22,359 1,889 12.787 1.402 18,( 14.623 18,060 14,623 16,223 3,778 97,715 63,580 161,295 122,422 Page 10
RED LErrER PROJECT NOTES TO THE Accoupifs FOR THE YEAR ENDED 31 DECEMBER 2022 GOVERNANCE COSTS 2022 2021 Adminlstration Wages and Salar Postage. Stationery and Software Sundry Expenses 1,845 256 409 308 563 2.510 3,211 S. STAFF COSTS 2022 2021 Gross Wages and Salaries Employerfs National Insurance Employerfs N l Alk)wance Employers P8nsion ContrIbuti$ 92.096 5,213 (4.353) 2.218 76,596 3.818 { 3,535) 1,590 95.174 78,489 The average number of staff members, cakulated on a full-time equ1¥anI basis, was as follows.. 2022 No. 2021 No. Charitable Activities Management and Administration 6. TANGIBLE FIXED ASSETS 2022 2021 ures Fittin sandE ui Additions During Year 10.650 Cost at 31 Drnber 10,650 No depreciation has been provided on the tangible fixed assets as these h8 not t*en brought into use at the year end. Page11
RED LETTER PR¢)JECT NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022 CASH AT BANKS 2022 2021 Co-operative Bank Communty Account Co-operative Bank Community No 2 Account Skipton Building Society Account Reliance Bank Account 4,759 6,126 23,521 55,109 9.071 13,597 31,929 SS.593 89,515 FUND ANALYSIS 1 January 2022 31 December 2022 Incomfr ExPendrn Tran8for• Unrestricted RLP Activ[tS Fund Designated Under Fives Nur8ery 46.640 34.340 91.097 53.792 198.1241 165,681) 39,613 22,451 80,980 144,889 (163,805) 62,064 Anal1* of net auots between fund• RLP Actlvltle8 Fund Under FSV Fund Total Tangible Fixed Assets Debtors and PpaYMentS Cash at Banks Cash in Hand Credrtors and Accruals Tax and Social Securty 10.650 2,135 31.929 10,650 2,735 55,593 600 23,664 { 5,644) (1.100) (359} (795) { 6.744) { 1,1541 39,613 22,451 62,064 TRANSACTIONS WITH TRUSTEES There was no remuneration or reimbur5em8nt of expenses made to the trustees during the riod. 10. RELATED PAR TRANSACTIONS The Charity commenced its operations on 1 January 2018 vthen rt took responsibilty for the charitable activrlies that were previousty undertaken by The ParrKhial Church Council of the Ecclesiastical Parish of Great Horton, Bradford (Charity No 1133766). On 31 December 2017 the church tTUStess allted funds of £112.352 {being the net assets held al that time in Red Letter Project actmties) to the charity in order that it could continue with those charitsble aCtrt. During the year the charity paKI £6,000 (2021: £6.000) to The Parcchial Church Council of Great Horton, Bradford for rent and utilsty ¢osts of the church hall where some Red Letter Project activitFes are based. PwJe 12