Charity Number: 1174618 RED LEThER PROJECT ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 SAINT JOHN'S CHURCH SAINT STREET GREAT HORTON BRADFORD
RED LER PROJECT CONTENTS Page Charty Infomiation Trustees Report statement of Trustees R8sponsibilities Independent Examinels Rep)rt Statement of Financial Activrties Balance Sheet Notes to the Accounts 9-12
RED LETfER PROJECT CHARifY INFORMATION CHARIry NUMBER 1174618 Chantable Incorporated Organisation GOVERNING INSTRUMENT CIO- FOUNDATION Registered 12 September 2017 TRUSTEES Revd Canon John Bavington Revd Adam Dickson Ms June Hill Mr Mark ng TREASURERS Mr Alan Armitage Ms Claire Perkins PRINCIPAL ADDRESS St Wilfrids Vi¢xage St Wilfn'ds Road Bradford Wesl Yorkshire BD7 2LU INDEPENDENT EXAMINER Mr R Illingrth Page 1
RED LETTER PROJECT REPORT OF THE TRUSTEES The Trustees present their Report and Financial Statements for the year ended 31 Decernber 2023. OBJECTIVES, ORGANISATION AND ACTIVITIES The Red Letter Project was TrStrtUted as a Charttable Incofporaled Organisation by way of a Foundation document on 12 September 2017 vath the registration number 1174618. The principal address of the ChatTty is St Wiwrids Vrage, St Witfrids Road, Bradford BD7 2LU. The objeLtives of the Chanty are the relief of financial hardship among people living in the vicinty of Great Horton in Bradlord. the provision of assistance with social welfare for reation or leisure". to enhance the development and education of children under the statutory scho)l ag8: and to advance the Christian Faith for the benefrt of the public in cOrdanCe wrth the teachlngs of Jesus to love your neighbour. In setting our objectives and planning our activities the Trustees have gNen serious consideTalion to the Charty CommissK)n's general guidance on public beneftt. TRUSTEES The Trustees vtho served during the year we..- Name Revd Canon John Bavington Ms Jo Dennis Revd Adam Dickson Ms June Hill Mr Mark King Position Chair R8sKJned 4 September 2023 Appoinled 4 September 2023 AGENTS AND ADVISERS The Independent Examiner is Mr. R. Illingworth MAAT of Ash Croft, Wibsey, Bradford BD6 3QR. BANKERS The Chartty bank accounts are maintair1 with: Reliance Bank Farth House 2>24 Lovatt Lane London EC3R 8EB CTroperative Bank P.0. Box 101 1 Balloon Street Manchesler M60 4EP Page 2
RED LErrER PROJECT REPORT OF THE TRUSTEES ACHIEVEMEKfs AND PERFORMANCE The Red Letter Proiect conducts its communty adNrties from three loCatnS in Great Horton with one being the village communty hub. one being the parish church of Saint John the Evangelist and the third being the Zindigi Project based at Saint Columbas in the Horton Grange area. Review of the year Share Table The share table is a cross belween a food bank and a communty shop which exists to serve people in the local area who find that putting basic fctsj on the table is a struggle. Food Savers at Saint John's Church and the Food Pantry at Sainl Wilfrid's Church provide a weekty Serv to people in their respectwe areas. The grant which V Yre awarded last year will cover most costs over the next twelve months to help keep this ministry sell-sufficient. The household goods and clothing stall brings in a good source of income which makes a hug8 differen to what we can offer and helps to keep the share table viable. Comm Hub and Li Last year the community hub was awdrded a council grant to covèr the costs of our Tuesday Friends lunch group and the Threads and Needles craft group which havè both continued throughout 2023. The Stay and Play sessions held on a Thursday continue to be popular with an organised craft actmty and the provision of heatthy snacks. The community hub also provides a warm and welcome space and hosts thè Great Horton Library where we ar8 able to open on c8rtain days during the week thanks to our dedicated volunteers. A NwJerrdn Church. Bradford Youth SeNices, a Yoga group. a Coryoles8 Church, The Youth Association, European Drom and NHS Speech and Language all continue lo use the hub on a regular basis. Highlights during the year were Paty in the Park in June. the Teddy Bearfs Picnic" a Media Museum Activity Day., the Communty Christmas Fair,. a well attended Tuesday Friends Christmas Lunch and eady in the new year we hosted a Jobs Falr where 250 people attended when we were only expecting about thity. Local Sch I This year was another busy one as we continued to go into Brackenhill Primary Schcol and Saint Oswalds Church of England Primary Academy to conduct assembliés. In February we had a very successful Bible Tirnes Exhibtion at Saint Johns Church wrth all thr88 of the primary schools in the parish laking part. In September the team grew in nurnbers when Koko Koleni and Marmik Rai joined and were a great help to us after Millie left for malemty leave earfier in the year. In October we retumed to Hollingw(*xJ Primary School to take Harvest Festivals and in December we took the Christmas story into primary schools in both Great Horton and Lidget Green. W& have also had visits from primary schools to our churches at Saint Johns and Saint Wilfrids as part of their RE lessons and syllabus work where the children asked many interesting questions. Under Fives Pre School The pre school seeks to enhance the developfflent and education of children under the statutory school age by encouraging parents to understand and provide for their needs through community groups. This year we have had a number of staff changes and in particular our long lime leader Catherine Barrass left in November hwng felt the call to Yrtyk in a dtfferent setting in Bradford. This has necessitaled some reorganisatron and Liz Dean who is the Earty Education and Childcare Qualty Officer ha5 made regular visits to direct us as Strive to update and meet the necessary requirements set by Ofsted. We are very enthusiastic to build relationships Ythich could help our families in need and we have had individual meetings with parents that have real ptDven to be beneficial. Hours of attendance for children have risen from 2022 when they were averaging 200 10 250 hours per week through to an average of 350 hours per week during 2023 and are currentty running in excess of Ihis. The uncertainties of occupancy levels have dimished this year and the pre school has gone from strength to strength with numbers picking up so V11 that we are now at capacity. We hope that the pre school will conb'nue to increase the greal reputation that is currently being buitt under the new reqime through the hard worf( and dedICatn of the team members. Page 3
RED LEThER PROJECT REPORT OF THE TRUSTEES ACHIEVEMENTS AND PERFORMANCE Review of the year continued Saint Columbas Zindi iPro We have faced a number of challenges over the last twelve months in securing funding and tackling issues with the buildiThJ including roof damage. inadequate toliet facilities and rodents. Despite this we have been able to make progress in all of these areas so thal we Gan open more of the building for community purposes where Y have plans for a pop up cafe and food pantry. We are continuing to receive rent from the 'Sushi Hometown Restaurant. that occupies part of the building together wtth a contribution towards our utility costs and the Lovewodd Leeds Church uses our premises for rts Bradford Outreach project v4hi¢h provides another Sour of rental income. Other income is received from organisations that use our premises for storage purposes. There has been a reduction in Lrtilty ¢OSts which was helped by the installation of a new heating system in part of the building last year. We are building relationships with many people in the local communrty including other churches. the loGal counril, social prescrib8rs, prospective funders, food savers and lo¢al businesses. FINANCIAL ACTIVITIES AND AFFAIRS Full details of the finanaal transactions are contained in the attached aGcounts where the total in¢ome for the year was £201,710 (2022 .' £144,889} and after deducting expenditure of £178,414 (2022 £163,805) the net incoming resources £23,296 {2022 .' £18,916 net outgoing resources). RESERVES POLICY It is the policy of the Trustees to maintain a balance on total funds (rf possible) which equates approximately to three months expenditure in order to cover emergency srtualions that may arise from time to time. The balance of £85,360 at the year end matched this target. SIGNED ON BEHALF OF THE TRUSTEES Revd Canon John Bavington 28 April 2024 Page 4
RED LErrER PROJECT STATEMEKf OF TRUSTEES RESPONSIBIUTIES Th6 trustees are reS[K)nsie for preparing the Trustees, Report and the financial statements in accordance with the Statement of Recommended PraCte (SORP 2015) for charl$ issued by the Charty Commission and the Charitses Act 2011. The law applicable to charities in England & Wales requires the trustees to prepare financial statemenls for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and applicatH)n of resources of the charty for that perul. In preparing these financial statements, the trustees are required to.. S818d suitable accounting policies and then appty thwn consistently; obs8ni8 the methods and principles in the Charities SORP: make judgements and eslimates that are reasonable and prudent: stste whether appIable accounting standards have been followed. subject to any departures disclosed and explained in the financial statements,. prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will continue in operalion. The trustees are responsible for keeping proper accounting rrdS that disclose viith reasonable accuracy at any lime the financial posrtion of the charrty and enable them to ensure that the financial statements comply with the Chaiitiès Act 2011 and the provisK)ns of the foundation document. They are also responsible frir safeguarding the assels of th8 charity and henc8 for taking reasonable steps for the prevention and detection of fraud and other irregularities. Page 5
RED LEThER PROJECT INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE RED LEER PROJECT I report on the accounts of the chanty for the year ended 31 December 2023 set out on pages 7 to 12. RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER The trustees of the chanty are responsible for the preparation of the accounts. The charrty's trustees consider that an audit is not required for this year under seclion 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 Commission under section 145(5)(b) of the 2011 Act.. and state whether particular matters have come to my attenbon. BASIS OF INDEPENDENT EXAMINER'S REPORT My examination was carTigJ out in accordance wrth General Directions given by the Charity Commission. An examination indudes a review of the a¢¢ounting records kept by th& charity and a omparison 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 trustees concerning any such matters The procedures undertaken do not provide all the evideno that would be required in an audrt, and consequentty no opinion is given as to whether the accounts pr8S8nt a 'Irue and fair VI and the report is limited to those matters set out in the statement below. INDEPENDENT EXAMINER'S STATEMENT In the course of my examination. no matter has come to my attention: which gives me reasonable cause to believe that. in any material respect, the requirements to keep accounting records in accordance wrth 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 which, in my opinion, attentson should be dra in order to enable a proper understanding of the accounts be reached. R. Illingworth MAAT Ash Croft Wibsey Bradford BD6 3QR 30 April 2024 Page 6
RED LErrER PROJECT STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted Designated RLP Activities Under Fives Fund Fund Total Funds 2023 Total Funds 2022 INCOMING RESOURCES Generatsd Funds 82.c3 86,668 168,671 113,568 Charltable Acuvltles 27.302 5.737 33.039 31,321 109,305 92,405 201.710 1H,889 RESOURCES EXPENDED Charitable Activitles 97,638 76,335 173.973 161,295 Govemance Costs Administration 937 3.504 4.441 2,510 TOTAL RESOURCES EXPENDED 98,575 79.839 178,414 163,805 NET INCOMING OR (OUTGOING) RESOURCES 10,730 12.566 23,296 (18,916) Net Transfers Befven Funds NET MOVEMENT IN FUNDS 10,730 12,566 23,296 (18,916) Totsl Funds Brought FoThvard 39,613 22,451 62,064 80.980 TOTAL FUNDS CARRIED FORWARD 50,343 35,017 85.360 62,064 Pa9e 7
RED LEER PROJECT BALANCE SHEET AS AT 31 DECEMBER 2023 Unrestricted Designated RLP Activities Under Fives Fund Fund Total Funds 2023 Total Funds 2022 FIXED ASSETS Tangible Assets 8.520 8.520 10,650 CURRENT ASSETS Debtors and Prepayments Cash al Banks Cash in Hand 4,337 49.254 752 4,535 86.637 852 2,735 55,593 984 37.383 100 54,343 37,681 92,024 59,312 CURRENT LIABILITIES Creditors and Accruals Tax and Social Securty 10,412 2,108 1,100 11,512 3,672 6.744 1.154 12.520 15.184 7,898 NET ASSETS 50,343 35,017 85.360 62.064 RESERVES Balancos Brought Forward Net Movement in Funds 39,613 10,730 22.451 12.566 62,064 23,296 80,980 118.9161 Balances Carried Forward 50.343 35,017 85,360 62,064 The financial statements We approved by the Trustees on 28 AprFI 2024. Revd Canon John Bavington Truee Pa99 8
RED LETfER PROJECT NOTES TO THE ACCOUNT8 FOR THE YEAR ENDED 31 DECEMBER 2023 1. 8TATEMENT OF AccouKllNG POUCIES The following are the more important accounting pole8 adopted by the Charity: a} BASIS OF PREPARATION These financial statements have been prepared using the historical cost convents'on and are in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charrties preparing their accounts in accordan wrth the Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 20151 and with the Charities Act 2011. There has been no change to the accounting policies since last year and no changes to the accounts for the previous year. The accounts have been prepared on a going concem basis as the truste88 are satisfied that there are no material uncertainties about the abilty of the chartty to continue. b} INCOMING RESOURCES All incoming resources are included in Ihe Statement of Financial Activities {SOFA) vthen the chaiity becomes entrtled to those resources. The value of any voluntary help receNed is not included in the lunt9 but is described in the report of the trustees. cl RESOURCES EXPENDED All expenditure is accounted for on an accruals basis as a liability is incurréd. Ltabilrties are recognised where it is more likely than not that there is a legal or constructivé obloalion ¢ommtting the charity to pay out the resources and the amount of that obligation can be measured with reasonable certainty. d) FUND ACCOUNTING General funds are unrestricted funds vthich are available for use at the discretion of the trustees in furtherance of the general objectives of the chartty and which have not been d8signaled for other purposes. Designated funds comprise unr8stricted fvnds that have been set aside by the trustees for particular purposes. Restricted funds are funds which are to be used in aCrdanCe with speclfic restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administefing such funds are charged &3ainst the speryfic fund. el FIXED ASSETS Depreciation is provided to write off the cctst of tangible fixed assets over Iheir estimated useful lives at the following rales:. Fixture5, Fittings and Equipment 20% per annum straight line Individual rtems of fixtures, fittings and equiprnent with a purchase price of £500 or less are wrfften off vA*n the asset is acquired.
RED LETTER PROJECT NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 INCOMING RESOURCES Unrestricted RLP Activities Fund Designated Under Flve$ Fund Totsl Funds 2023 Total Funds 2022 Generated Funds Voluntary Income.. Unrestricted Donattons Restricted Donations Food Bank and Share Table Gift AKI Tax Recoverable Tuesday Friends Group Inn Churches Grants Re¢eived'. Earty Years Funding Community Food Bank Great Horton Communrty Hub Sainl Columbas Communty Investmenl Income.. Bank Inleresl Charitable Activities Under Fives Pre School Fees Community Hub Renl Income Saint Columbas Rent Income 1,626 8.500 7.595 1.250 322 1.626 3,915 7,595 1,250 322 1,574 86.253 86,253 30,480 27.230 51,692 18,124 24,846 12,500 30.480 27.230 415 415 75 5,737 5.737 8.005 19.297 2,025 12,062 17.234 8,005 19,297 109,305 92.40S 201,710 144,889 RESOURCES EXPENDED Unrestrlcted RLP Activlties Fund Deslgnated Undgr Fivos Fund Totsl Fund8 2023 Total Fund8 2022 Charltsble A¢tlvltle8 Wages and Salaries Saint Johns Rent Share Table Tuesday Friendg Group Communty Gardening Under Fives Pie School Inn Churches Community Hub.. Under FNes Pre School Rent Utilities and Insurance Repairs and Maintenance Fixed Assets Depreciation Saint Columba5: Utilities and Insurance Repairs and Maintenan 45.334 6,000 4.767 401 70.286 115.620 6.000 4.767 401 93,329 6,000 2,071 824 20 2,120 2.142 2.142 110 110 { 2,21)0) 22.746 1.807 2,130 2,200 1,133 574 23.879 2.381 2,130 22,359 1,889 15.089 1.454 15.089 1.454 18,Ck80 14,623 97.638 76,335 173,973 161.295 Page 10
RED LETTER PROJECT NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 GOVERNANCE COSTS 2023 2022 Administration Wages and Salaries Postage, Stationery and Sofiware Sundry Expenses 1,845 256 409 496 937 4,441 2.510 STAFF COSTS 2023 2022 Gross Wages and Salaries Employer's National Insurance Employe¢s N l Allt)wance Employevs Pension Contributions 113,278 6,942 { 4.008) 2,416 92,096 5.213 (4,353) 2,218 118,628 95,174 The average number of staff members, cakulated on a fUltiMe equivalent ba81S, was as follows". 2023 No. 2022 No. Charitsble Activrties Management and AdMinistratn 6. TANGIBLE FIXED ASSETS 2023 2022 Cost Fixtures, Fittings and Equipment 10.650 10.650 Depreciation Brought Forward Annual Charge 2.130 Carried Forward 2,130 Net Book Values 8.520 10,650 P&Je11
RED LETfER PROJECT NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 CASH AT BANKS 2023 2022 Co-operative Bank Community Account Co-operatsve Bank Communty No 2 Account Co-operative Bank Business Select Account Skipton Building Stxiety Accounl Reliance Bank Account 401 7.970 15,CNJO 14,012 49.254 996 9.071 13,597 31,929 86.637 55,593 FUND ANALYSIS 1 January 2023 31 Decembor 2023 Incom• Exponditur• Transfers Restricted RLP Adj'vities Fund Unrestricted RLP Acb'vitw Fund Designated Under Fwes Nursery 10.605 98.7LNJ 92.405 { 7,885} (90,690} (79.8391 2,720 47.623 35,017 39,613 22,451 62,064 201,710 1178,414) 85,360 Analysls of nol a880ts b•tWo•n fund• Reslrict•d Unrestrlthd RLP RLP Und•r Ftve8 Fund Total Fund Fund Tangible Fixed Assets Debtors and Prepayments Cash al Banks Cash in Hand Creditors and Accruals Tax and Social S&urity 8,520 4,337 198 46.534 37,383 752 100 (10.4121 { 1,1001 { 2.1081 11,5641 8.520 4.535 86,637 852 { 11,5121 { 3,6721 2,720 2,720 47.623 35,017 85,360 TRANSACTIONS WITh TRUSTEES There was no remuneration or reiMbursent of expenses made to the trustees during the pencé. 10. RELATED PARTY TRANSACTIONS The Charity commenced its OperatnS on l January 2018 when tt twk responsibilty for the charitable activities thal were previously undertaken by The Parochial Church Council of the Ecclesiastical Parish of Great Horton, Bradford (Charty No. 1133766). On 31 Dmber 2017 the church trustees allocated funds of £112,352 (being the net assets held at that ts'me in Red Letter Project 2ctNthesl to the chanty in order that it could conts'nue with those charitable aCtMts. During the year the charty paKI £6.0 (2022. £6.000) to The Parcrhial Church Council of Great Horton, Bradford for rent and utility costs of the church hall where some Red Letter Project actNibes are based. Page 12