Charity Number: 1174618 RED LErrER PROJECT ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 SAINT JOHN'S CHURCH SAINT STREET GREAT HORTON BRADFORD
RED LETTER PROJECT CONTENTS Page Charity Information Trustees Report Statement of Trustees Responsibilities Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Accounts 9-12
RED LETTER PROJECT CHARITY INFORMATION CHARITY NUMBER 1174618 Charitable Incorporated Organisation GOVERNING INSTRUMENT CIO - FOUNDATION Registered 12 September 2017 TRUSTEES Revd Canon John Bavington Revd Adam Dickson Ms June Hill Mr Mark King TREASURERS Mr Alan Armitage Ms Claire Perkins Ms Josie Taylor PRINCIPAL ADDRESS St Wilfrids Vicarage St Wilfrids Road Bradford West Yorkshire BD7 2LU INDEPENDENT EXAMINER Mr R Illingworth Page 1
RED LETTER PROJECT REPORT OF THE TRUSTEES The Trustees present their Report and Financial Statements for the year ended 31 December 2024. OBJECTIVES, ORGANISATION AND ACTIVITIES The Red Letter Project was constituted as a Charitable Incorporated Organisation by way of a Foundation document on 12 September 2017 with the registration number 1174618. The principal address of the Charity is St Wilfrids Vicarage, St Wilfrids Road, Bradford BD7 2LU. The objectives of the Charity are the relief of financial hardship among people living in the vicinity of Great Horton in Bradford,. the provision of assistance with social welfare for recreation or leisure., to enhance the development and education of children under the statutory school age" and to advance the Christian Faith for the benefit of the public in accordance with the teachings of Jesus to love your neighbour. In setting our objectives and planning our activities the Trustees have given serious consideration to the Charity Commission's general guidance on public benefit. TRUSTEES The Trustees who served during the year were'.- Name Revd Canon John Bavington Revd Adam Dickson Ms June Hill Mr Mark King Position Dates Chair The following trustees have been appointed since the year end.'_ Ms June Dennis Chair Ms Josephine Taylor AGENTS AND ADVISERS The Independent Examiner is Mr. R. Illingworth MAAT of Ash Croft, Wibsey, Bradford BD6 3QR. BANKERS The Charity bank accounts are maintained with: Reliance Bank Faith House 23-24 Lovatt Lane London EC3R 8EB Co-operative Bank P.0. Box 101 1 Balloon Street Manchester M60 4EP Page 2
RED LETTER PROJECT REPORT OF THE TRUSTEES ACHIEVEMENTS AND PERFORMANCE The Red Letter Project conducts its community activities from three locations in Great Horton with one being the village community 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 between a food bank and a community shop which exists to serve people in the local area who find that putting basic food on the table is a struggle. Food Savers at Saint John's Church and the Food Pantry at Saint Wilfrid's Church provide a weekly sendi to people in their respective areas. The household goods and clothing stall brings in a good source of income which makes a huge differen to what we can offer and helps to keep the share table viable. Communi Hub and Libra At the beginning of the year the community hub was awarded a fully funded one year pilot scheme as an NHS Wow Micro Hub. The project offers advice and support in the community for non medical patients who are referred to us through GP services via social prescribers. The Girlington Advice Centre assist us in this work and the Bridge Project provides support to those involved with substance misuse. Other activities have continued alongside this as Tuesday Friends, the Threads and Needles craft group and the Stay and Play sessions all remain in place. The community hub also provides a warm and welcome space and hosts the Great Horton Library where we are able to open on certain days during the week thanks to our dedicated volunteers. A Nigerian Church, The Youth Assocation, a Yoga group, a Congolese Church, and European Drom all continue to use the hub on a regular basis. Under Fives Pre School The pre school seeks to enhance the development 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 appointed a new staff member to work on Fridays and to cover in emergencies and one of our existing staff is undergoing training with a view to taking on the manager role. We are very enthusiastic to build relationships which could help our families in need and we have had individual meetings with parents that have really proven to be beneficial. The garden fen has been repaired and we have been able to offer a healthier choice of food since we purchased the microwave which has rnade it easier to manage lunch time. We are satisfied with how our numbers have stayed up with 34 children being currently registered with us. The Facebook page and website are now up and running and we get a lot of positive feedback from this. We have made more effort in taking photos to display on the entrance board which also go into the childrens folders and this is much appreciated by parents. We hope that the pre school will continue to increase the great reputation that is currently being built through the hard work and dedication 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 ect We have faced a number of challenges over the last twelve months in securing funding and we are awaiting to hear if we can obtain the necessary sum to do the fire safety work. This will enable us to do more events in the building and mean that we can look to move foard. The funding that we have been able to achieve has enabled us to spend £21,922 on building improvement works including the toilets and £10,572 on carpets for the main community areas. Authorisation has been received for the electrical works to be completed which will give us a safe certificate but there is still a lot of clearing out needed in the building to make more use of its facilities. We are continuing to receive rent from the 'Sushi Hometo Restaurant, that occupies part of the building together with a contribution towards our utility costs and the Loveworld Leeds Church uses our premises for its Bradford Outreach project which provides another source of rental income. Further income is received from other charitable organisations that use our premises as a base for their operations and others use our building for storage purposes. As a result of increased usage our utility costs have increased since the previous year, We are building relationships with many people in the local community including other churches, the local council, social prescribers, prospective funders and local businesses. FINANCIAL ACTIVITIES AND AFFAIRS Full details of the financial transactions are contained in the attached accounts where the total income for the year was £317,513 (2023 £201,710) and after deducting expenditure of £291,815 (2023 £178,414) the net incoming resources were £25,698 {2023 £23,296 net incoming resources). RESERVES POLICY It is the policy of the Trustees to maintain a balance on total funds (if possible) which equates approximately to three months expenditure in order to cover emergency situations that may arise from time to time. The balance of £111,058 at the year end matched this target. SIGNED ON BEHALF OF THE TRUSTEES June Dennis Chair 11 May 2025 Page 4
RED LErrER PROJECT STATEMENT OF TRUSTEES RESPONSIBILITIES The trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with the Statement of Recommended practi (SORP 2015) for charities issued by the Charity Commission and the Charities Act 2011. The law applicable to charities in England & Wales requires the trustees to prepare financial statements 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 application of resources of the charity for that period. In preparing these financial statements, the trustees are required to: select suitable accounting policies and then apply them consistently,. obserie the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent. state whether applicable accounting standards have been followed, subject to any departures disclosed and explained in the financial statements-, prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the provisions of the foundation document. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Page 5
RED LETTER PROJECT INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE RED LETTER PROJECT I report on the accounts of the charity for the year ended 31 December 2024 set out on pages 7 to 12. RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER The trustees of the charity are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 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 attention. BASIS OF INDEPENDENT EXAMINER'S REPORT My examination was carried out in accordance with General Directions given by the Charity Commission. An examination includes a review of the accounting 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 trustees concerning 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 accounts present a "true and fair view, 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 with section 130 of the 2011 Act,. and to prepare accounts which accord with the accounting records and comply with Ihe accounting requirements of the 2011 Act have not been met., or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts be reached. R. Illlngworth MAAT Ash Croft Wibsey Bradford BD6 3QR 4 October 2025 Page 6
RED LErrER PROJECT STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted RLP Activities Fund Designated Under Fives Fund Totsl Funds 2024 Total Funds 2023 Note INCOMING RESOURCES Generated Funds 159,558 108,863 268,421 168,671 Charitsble Actlvities 44,385 4,707 49,092 33,039 203,943 113,570 317,513 201,710 RESOURCES EXPENDED Charitable Activities 192,219 93,495 285,714 173,973 Governance Costs Administration 3,010 3,091 6,101 4,441 TOTAL RESOURCES EXPENDED 195.229 96,586 291,815 178,414 NET INCOMING OR {OUTGOING) RESOURCES 8,714 16,984 25,698 23,296 Net Transfers Between Funds NET MOVEMENT IN FUNDS 8,714 16,984 25,698 23,296 Total Funds Brought Forward 50,343 35,017 85,360 62,064 TOTAL FUNDS CARRIED FORWARD 59,057 52.001 111,058 85,360 Page 7
RED LETTER PROJECT BALANCE SHEET AS AT 31 DECEMBER 2024 Unrestricted RLP Activltles Fund Deslgnated Under Flves Fund Total Funds 2024 Total Funds 2023 Note FIXED ASSETS Tangible Assets 7,790 7,790 8,520 CURRENT ASSETS Debtors and Prepayments Cash at Banks Cash in Hand 4,730 52,382 938 163 54,994 140 4,893 107,376 1.078 4,535 86,637 852 58,050 55,297 113,347 92,024 CURRENT LIABILITIES Creditors and Accruals Tax and Social Security 4,262 2,521 4,262 5,817 11,512 3,672 3,296 6,783 3,296 10,079 15,184 NET ASSETS 59,057 52,001 111,058 85.360 RESERVES Balances Brought Forward Net Movement in Funds 50,343 8,714 35,017 16,984 85,360 25,698 62,064 23,296 Balances Carried Forward 59,057 52,001 111,058 85,360 The financial statements were approved by the Trustees on 11 May 2025. uw June Dennis Trustee Page 8
RED LETTER PROJECT NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 1. STATEMENT OF ACCOUNTING POLICIES The following are the more important accounting policies adopted by the Charity: a) BASIS OF PREPARATION These financial statements have been prepared using the historical cost convention and are in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) and wrth 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 concern basis as the trustees are satisfied that there are no material uncertainties about the ability of the charity to continue. b) INCOMING RESOURCES All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to those resources. The value of any voluntary help received is not included in the accounts but is described in the report of the trustees. c) RESOURCES EXPENDED All expenditure is accounted for on an accruals basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing 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 which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. e) FIXED ASSETS Depreciation is provided to write off the cost of tangible fixed assets over their estimated useful lives at the following rates'_ Fixtures, Fittings and Equipment 20 % per annum straight line Individual items of fixtures, fittings and equipment with a purchase price of £500 or less are written off when the asset is acquired. Page 9
RED LETTER PROJECT NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 INCOMING RESOURCES Unrestricted RLP Activities Fund Designated Under Fives Fund Total Funds 2024 Total Funds 2023 Generated Funds Voluntary Income.. Unrestricted Donations Restricted Donations Food Bank and Share Table Gift Aid Tax Recoverable Tuesday Friends Group Inn Churches Grants Received: Early Years Funding Community Food Bank Great Horton Community Hub Saint Columbas Community Investment Income.. Bank Interest Charitable Activities Under Fives Pre School Fees Community Hub Rent Income Saint Columbas Rent Income 3,640 20,813 8.896 1,250 1,084 95 3,640 20,813 8,896 1.250 1,084 95 1,626 8,500 7,595 1,250 322 108,123 108,123 43,156 48,788 31,836 86,253 30.480 27,230 5,000 43,156 48,788 31,836 740 740 415 4,707 4,707 16,710 27,675 5,737 8,005 19,297 16,710 27.675 203,943 113,570 317,513 201,710 RESOURCES EXPENDED Unrestricted RLP Activitie8 Fund Designated Under Fives Fund Total Funds 2024 Totsl Funds 2023 Charitable Activities Wages and Salaries Saint Johns Rent Share Table Tuesday Friends Group Community Wellbeing Hub Under Fives Pre School Inn Churches Community Hub: Under Fives Pre School Rent Utilities and Insurance Repairs and Maintenance Fixed Assets Depreciation Saint Columbas: Utilities and Insurance Repairs and Maintenance 67,613 6,000 6,266 521 33,303 85,944 153,557 6,000 6,266 521 33,303 3.173 115,620 6.000 4,767 401 3,173 2,142 110 { 2,400) 16,659 3,996 2,150 2,400 1,063 915 17,722 4,911 2.150 23,879 2,381 2.130 17,822 40,195 17,822 40,195 15,089 1.454 192,219 93,495 285,714 173,973 Page 10
RED LErrER PROJECT NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 GOVERNANCE COSTS 2024 2023 Administration Wages and Salaries Staff Expenses and Training Postage, Stationery and Software Sundry Expenses 2,893 1,918 198 1,092 3,008 496 937 6,101 4,441 5. STAFF COSTS 2024 2023 Gross Wages and Salaries Employer's National Insurance Employerfs N l Allowance Employer's Pension Contributions 145,303 10,499 { 3,368) 4,016 113,278 6,942 { 4,008) 2,416 156,450 118,628 The average number of staff members, calculated on a full-time equivalent basis, was as follows.. 2024 No. 2023 No. Charitable Activities Management and Administration 6. TANGIBLE FIXED ASSETS 2024 2023 Fixtures, Fittings and Equipment at Cost Brought Forward Additions 10,650 1,420 10,650 12,070 10,650 Depreciation Brought Forward Annual Charge 2,130 2,150 2,130 Carried Fotward 4,280 2,130 Net Book Values 7,790 8,520 Page11
RED LErrER PROJECT NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 CASH AT BANKS 2024 2023 Co-operative Bank Community Account Co-operative Bank Community No 2 Account Co-operative Bank Business Select Account Skipton Building Society Account Reliance Bank Account 255 286 40,038 14,415 52,382 401 7,970 15,000 14,012 49,254 107,376 86,637 FUND ANALYSIS 1 January 2024 Income Expenditure Transfers 31 December 2024 Restricted RLP Activities Fund Unrestricted RLP Activities Fund Designated Under Fives Nursery 2,720 47,623 35,017 24,999 178,944 113,570 (23,616) { 171,613) { 96,586) 4,103 54,954 52,001 85,360 317,513 1291,815) 111,058 Analysis of net assets between fund8 Re8trlcted Unrestrlcted RLP RLP Activitie8 Activitles Fund Fund Under Fives Fund Total Tangible Fixed Assets Debtors and Prepayments Cash at Banks Cash in Hand Creditors and Accruals Tax and Social Security 7,790 1,989 51,020 938 { 4,262) { 2,521) { 3,296) 7,790 4,893 107,376 1,078 (4,262) (5,817) 2,741 1,362 163 54,994 140 4,103 54,954 52,001 111,058 TRANSACTIONS WITH TRUSTEES There was no remuneration or reimbursement of expenses made to the trustees during the period. 10. RELATED PARTY TRANSACTIONS The Charity commenced its operations on 1 January 2018 when it took responsibility for the charitable activities that were previously undertaken by The Parochial Church Council of the Ecclesiastical Parish of Great Horton, Bradford (Charity No. 1133766) On 31 December 2017 the church trustees allocated funds of £112,352 (being the net assets held at that time in Red Letter Project activities) to the charity in order that it could continue with those charitable activities. During the year the charity paid £6,000 {2023'. £6,000) to The Parochial Church Council of Great Horton, Bradford for rent and utility costs of the church hall where some Red Letter Project activities are based. Page 12