ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022 SAINT FAITH'S COMMUNITY & YOUTH FOUNDATION CHARITY REGISTRATION NUMBER 1185846 Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane B05ham P018 8NF SAINT FAITH'S COMMUNITY & YOUTH FOUNDATION CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YeAR ENDED 31ST DECEMBER 2022 Page Legal and Adminlstr8tlve Inlormatlon Tnstee$' Report 4t06 Independértt ExamIne￿S Report on the Atcovnt$ statement of Receipts Payments Statement of Assets and Llabllltles Note5 to the Accounts ioto12 ## **SAINT FAITH'S COMMUNITY & YOUTH FOUNDATION** **FOR THE YEAR ENDED 31ST DECEMBER 2022 LEGAL AND ADMINISTRATIVE INFORMATION** **CHARITY NUMBER** 1185846 **START OF FINANCIAL YEAR** 01 January 2022 **END OF FINANCIAL YEAR** 31 December 2022 ## **TRUSTEES AT 31 DECEMBER 2022** Rev Susan Height - Chair Resigned 2 March 2022 Simon Pimbett - Treasurer Alexandra Damerau Resigned 7 December 2022 Sally Ann Hodge Faith Locken Robin Wyborn - Vice Chair Interim Chair 2 March 2022 to 23 June 2022 then as trustee only Canon Mark Williams Appointed 23 June 2022 and as Chair Valerie Burrell-Walker MBE Appointed 23 June 2022 Rev Nicholas Quanrud Appointed 23 June 2022 and as Vice Chair Sharon Baah Resigned 25 Jan 2023 after current financial year end The existing trustees appoint any new trustees following the provisions laid out in the Charity's governing instrument. **GOVERNING INSTRUMENT** Constitution adopted 20 June 2019 **REGISTRATION DATE** CIO - FOUNDATION Registered 16 Oct 2019 ## **OBJECTS** a) To promote the benefit of the inhabitants of the Parish of St Faith's, and also the inhabitants of the immediate neighbourhood, (without distinction of gender, sexual orientation, nationality, age, disability, race , religion or of political opinion, maintaining a Christian ethos, partnering together where appropriate with the statutory authorities, diocese and voluntary organisations) to advance education and to provide facilities in the interests of social welfare for recreation and leisure time occupation with the object of improving the conditions of life for participants; b) To maintain and manage St Faith's Centre in furtherance of the above objects; c) To make available a safe space for hire for groups fulfilling object (a). And for group and individual hire for social occasions and the receiving of an agreed rental. ## **CORRESPONDENCE ADDRESS** Rev Nicholas Quanrud St Faith's Community Centre Red Post Hill London SE24 9JQ ## **BANKERS** Lloyds Barclays ## **INDEPENDENT EXAMINER** Donna Leppitt Independent Examiners Ltd Unit 2 The Broadridge Business Centre Delling Lane Bosham PO18 8NF 3 St Faith's Community & Youth Foundation Trustees, Report For the year ended 31st December 2022 Staff, Trustees & Foundation Matters 2022 has been a year of transition in the life of the St Faith's Ceiitre. Salma Khatun resigned from her position as administrator in July, and Alex Bicknell also had long periods of sickness fiom early on in the year, and it became clear that a new Centre Manager would be needed beEore too long. Staff shortases piesented a number of challenges in the day-to-day running of the Centre, but also showed the willingness and dedication of Trustees to go above and beyond expectations to ensure the smoothest possible ruiining OE operations. Miranda Okon, Community Outreach Worker has worked as normal throughout the year. Further transition came with the retirement OE the Rev'd Susan Height, Vicar of St Faith's Church and Chair of Trustees in February, with Robin Wyborn assuming the role of interim chair. Iii May 2022 Fr Mark Williams was licensed as Priest-in- Charge of St Faith's Church, with Fr Nicholas Qiianrud licensed as Interim Associate Priest. Fr Mark was elected chair of trustees at the AGM in July, with Fr Nick elected vice-chair. We thank Robin for his hard work during the interim perAOd. In Septernber, the trustees commissioned an independent researcher, Linda Jackson, to undertake a community audit. This work was commissioned with the aim of helpins the trustees to better understaiid the needs of the local community, and to determine how the Centre might best meet those needs. This work was done in collaboration with stakeholders from the local community, as well as regular users of the Centre. This has proved very helpfuI in establishing a sense of Plirpose and direction for 2023. The year ended with a strong sense of direction ana OE things progressing at the Centre, with much positive change and development on the horizoii in 2023. Premises & Upkeep Buildings wei'e inaintained to a good standard and no major works have been undertaken in the period. Activities & Lettings All regular user groups have continued from the previous year. The St Faith's Summer Playscheme ran again this year and was a great success. There were some difficulties to navigate in the organi.sation OE the playscheme due to a lack of a Centre Manager, but the trustees worked hard to ensure that a successful programme went ahead. Weekend and private hire bookings continue to be managed by Praetoiium, which has been a huge help while staffing levels have been low. Acknowledgements Thanks go to the London Borough of Southwark for their continued fixed grant support and for their grant towards the Summer Playscheme. A huge debt of thanks is owed to the trustees who have helped to keep things afloat in what has beeii a difficult year. The yeai has ended with a new sense of direction and of positive change. Trustees Responsibilities The Charities Act 2011 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 trust and of the surplus of the trust for that period. In preparing those financial statements the trustees are required to . l. Select suitable accounting policies and apply them consistently. 2. Make judgements and estimates that are reasonable and prudent. The trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the trust. They are also responsible for safeguarding the assets of the trust and hence for taking reasonable steps foi. the prevention and detectioii of fraud and other irregularities. Sigiied on behalf of the Trustees by........ Mark Williams, Chair Date: 14th September 2023 SAINT FAITH'S COMMUNITY & YOUTH FOUNDATION TRUSTEE'S REPORT (Contlnued) FOR THE YEAR ENDED 31ST DECEMBER 2022 Trustees. Respon$lbllltle$ The Char1tles Act 2011 requlre5 the trustees to prepare [h￿cIal statements for each fIn￿CIal year vrt)Ich presents a true and fa view of the state of affairs of the Charity and of the surp￿$ of the Charily for that period. In preparing those flnancial statements the trustees are required to.. 11 Sekt sultabk acC￿ntIng poliC￿S and appw them conslstentty. Sil Make judgements and estSmates that are reasonable and prudent. illl Prepare flnancial statement5 on the g(Hng concern basi5 Un￿55 it is Inappropri&e to presume that the trust wi11 continue In exlstence. The Trustees ¥e resp(￿s1b￿ ftr keeping proper accounting reC￿d$, whSch d￿c￿Se wth rea5tsnab￿ accuracy at any tiFne the financial positbn the char￿V. They are aLso rÈsponslble for safeguardln9 the assets of the Charity and hence for ta￿ng rea50nabie steps for the prevention and detection of frwd and other ￿regularit￿$. I approve the attached st*ement of financlal aCtknt￿S and babnce sheet and confirm that T have made avaikble al Inf￿matIon necessary for its preparatKn. Approvoy by the Trustee5 on... Slgned on thek- behalf byTrustee. Prlnted Natne.. ## **SAINT FAITH'S COMMUNITY & YOUTH FOUNDATION** ## **INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2022** Report to the trustees/ members of Saint Faith's Community & Youth Association on the accounts for the year ended 31st December 2022. ## **Respective responsibilities of trustees and examiner** The charity's trustees 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 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to: - examine the accounts under section 145 of the Charities Act, - to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and - to state whether particular matters have come to my attention. ## **Basis of independent examiner’s statement** 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 the 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 connection with my examination, no matter has come to my attention 1. 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 Charities Act; and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act - have not been met; or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Donna Leppitt Independent Examiners Ltd Unit 2 The Broadridge Business Centre Delling Lane Bosham PO18 8NF Date: 22nd September 2023 6 SAINT FAITH'S COMMUNITY & YOUTH FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2022 3. INCOMING RESOURCES Unrestrtcted Fund5 Restricted Funds Designated Funds Total Total 31-D£￿22 31-Dec-21 Note Donatlons & L￿￿leS Investment Income Incoming frorn Charitable Actfv1t￿S Other Income 25,865 31 0,236 12,807 25,865 58 80,236 12,807 25,171 28 78,769 1,440 118 939 28 JJ8 966 105 383 4. RESOURCES EXPENDED Unrestricted Funds Re5trlcted Funds Deslgnated Funds Total Total 31-De¢-22 31-Dec-21 Note Charltsble Acllvities-" al Charltable ActlvYLI2s Captal Expendlture Cleaning and Caretaking Insurances Mlsc. Firo and Securlty Repairs and Maintenance staff Costs Offlce Expthses Users Groups utilly Costs Waste Dlsposal other expendlture Governance costs'.- Independent Ex3miner Fee 1.876 24.847 8,497 1,876 24.847 8,497 35,339 16,895 4,060 834 6,422 24,176 10,461 8,285 9,528 5,376 19,062 4,247 30,545 8,746 IL,980 7,919 6,136 22,914 4,247 30.545 8.746 11,980 7,919 6,136 22.914 600 TOTAL RESOURCES EXPENDED 127 708 127 708 141 038 NET INCOMING/IOLITGOING) RESOURCES 28 742 TRANSFERS BETWEEN FUNDS NFT MOVEMENT IN FUNDS TOYAL FUNDS BROUGHT FORWARD 56.483 30.563 85,505 172,551 208,206 TOTAL FUNDS CARRIED FORWARD 85,505 172 551 l the Charlty's operatlons are cbssed as cothtlnulng operatlons. The notes form part of these flnanclal statements. found on pages'.- 10 to 12 SAINT FAITH'S COMMUNITY & YOUTH FOUNDATION STATEMENT OF ASSETS AND LIABILITIES FOR THE YEAR ENDED 31ST DECEMBER 2022 Notes UnTe5trltted Fund ReStr￿ted Fund Total Total 31-Dec-22 31.De¢-21 ASSETS Cash Funds.. Lws Bank Account Barclays Bank- Ctte Barclays Bank- Fabrlc Bar(1￿ Bank- Youth Cash in Hand Total Cur¥ent Assets 101,906 30,952 2,623 104,529 30,952 27,232 736 361 163 809 113.439 30,921 27.205 735 251 172 551 27,232 736 361 133 219 NET ASSETS 133 219 163 09 172 551 Represented bv: General Funds ReStr￿ted Fund5 Designated FuDds 4?.714 47.714 30,591 85,505 56,483 30,563 85,505 30.591 85,505 172 551 Flyed Tangible Assets: Broad5tairs Property 889 200 Dobtots and Prepayments Insur3nce Share of Photijcopier owed by PCC Sundry récelvable 4.060 2,296 148 Independent Examlner's Fee Deposits and Bwklng In£cme h Advance 810 810 600 Charity Law reoulres theTrustees to prepare financlal statements for ￿ch flnan¢bl year whlch Comp￿ wbth the regulatlons set aut the CharitÈs Act 2011. TheTru5tee5 have dected to take advantage of the proviskns that apply tts small charitles and have prepared a Recelpts and Payments Account and Statement of As5et5 and Llablitles whlch are Set out on pages'.- 10 to 12 Approved bytheTrustees On ... Slgned on th￿r behaf byTru5tee... Prlnted Name.. .s. B*￿￿Lerr SAINT FAITH'S COMMUNITY & YOUTH FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2022 I. ACCOUNTING POLICIES The prhclpal accountino pdkles are summari5ed below. The accountlng plA￿leS have been apPl￿d conslstentty throuohout the Year. Basls of preparatlon: The accounts have been prepared under the"Recelpts and Paytnents" basls Js prescribed by the Char￿Y Commlssloners, and they meet the appropriate legal requlrements. Fund Accountlny Funds held by the chèrbty are *ther'. l. Unre5tricttd funds These are funds whKh can be usal accirdance vrith the charity's oblectlves, at the dscretlon of the trustees. 2. Restiicted funds These are funds that can only be used for part￿ular restrkted purposes within the objects of the £h8rity. 3. Designated funds These funds are fvnds set aside by the trustees wt of unrestrited gaieral funds speclfic purpose5 or projects. Further exP￿nat￿n of the nature and purpose of each fund is included in the note5 to the flnanclal statements. SAINT FAITH'S COMMUNITY & YOUTH FOUNDATION NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2022 2. RESTRICTED FiINDS CURRÉNT FINANCIAL YEAR Balance Unrealisecl GainlLoss Balance 31-D£c-22 01-Jan-22 Income Expenditure Transfer Restrlcted Funds:_ Offlte 24,281 4,236 27 24,308 4,237 Youth Fundlng User Group Support Community Project 2,046 2,046 TOTAL PREVIOIJS FINANCIAL YEAR Balance 01-Jan-21 Unrealised Galn/LOSS Balance 31-Dec-21 Inceme Expenditure Transfer Restrlcted Funds'.- Office Fabrlc Youth Fundlng User Group Support Ccmmunlty woject 20,000 120,0001 24.281 4,236 24,281 4,236 2,046 2,046 TOTAL The Reslrfcted Funds are wholw represented by the (harity's cash reserves and are to be expended as spec￿ed above. 3. DESIGNATED FUNDS CURRENT FINANCIAL YEAR Balance 01-Jan-22 Unrealised GalnlLoss Balance 31-Dec-22 Income EXpend￿Ure Transf¥ Designated Legacy 85,505 85,505 Tota Deslgnated Fund5 85,505 85,505 General Funds-core 56,483 118,939 1127,7081 47,714 Total General Funds 141 988 118 939 L27 708 133 219 PREVIOUS FINANCIAL YEAR BalaTr 01-Jan-21 UDreglised GainlLoss Income Expenditure Transfer 31-Dec-21 Des￿nated L￿acY loo,000 114.4951 85,505 Total DeskJnateAJ Funds loo,000 114,4951 85,505 General Funds-core 77,643 85,383 1106,5431 56.483 Total General Fynds 121038 In early 2023, after the current financ￿ year, the declslon wa5 taken to sell the Broadstalrs property and With that the d15tlnctknn f the set-a5ide withln our general funds was effectively lost. The char*y has full lit￿ to the propertyi and the tem)s (¢the origina1 Will neither prevent U5 frotn sellng the property niK obliges us to apply the cash kgacy sdety towards the property. There 15 an expectation the next 12 months the property should sel. SAINT FAITH'S COMMUNITY & YOUTH FOUNDATION NOTES TO THE ACCOUNTS Icontirtued) FOR THE YEAR ENDED 31ST DECEMBER 2022 4. TRUSTEES AND OTHER RELATED PARTIES No payments were tnade to trustees or any persons connecteA ￿th them durlng th& flnanclal perlod. No material transaction took place between the ¢rg8nisation and a trustee or any petson connected wth thein. 12021 None) 5. RISK ASSESSMENT The Trustee5 actlvely revEw the rnai￿ risks which the charity faces on a r2gular baslg and belRve that tnaintaining the free reserves Stated cornblneo wlth the annual revlew of the controls over key financial systems carrkd wt annual basis provlde suffKient resources In the event of adverse tmdltlons. The Trustees have also exarnined other operatlonEI and business rlsks whkh they face and confirrn that they have establkshed systerns lo M5t￿ate the signlficant risks. 6. RESERVES POLICY The frustees have COns￿ered the Eevel of reserves they wlsh to retaln, appraprfate to the charity's Deeds. This Is based on the charity's S￿e and the Wel ¢f financkal coMM￿[￿￿tS held. The Trustee5 aitn to ensure the charlty wlll be able to cont1nue to fufil its charitable objectives even if there is a temporary shortfal In Income LY unewected expeiditure. The trustees ende￿r not to set aside funds uTrnecessarlly. 7. PUBLIC BENEFIT The Charity acknowledges Its requirement to demonstrate cl¥rW that ht musi have Charitab￿ purposes or'aim$' that are for the publ[¢ benefft. Detalls ol how the charity has achieved thls are provvjed In the Trustees report. The Trustees confirm that they have paKJ due regard to the Commls51on gu￿j￿Ce on publk benefit before deC￿Ing what actKrytles the charlty should undertake. Thls page doe5 not form part <¢the statut(Yy flnancial statements 12