2023-12-31-accounts

SJC QUEEN'S SQUARE Charity No 1186523

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

Trustees’ Annual Report for the Period

1[st] January 2023 to 31[st] December 2023

SJC Queen’s Square Charity Number: 1186523

Principal Address

The Parish Office Church Walk Crawley West Sussex RH10 1HH

Charity trustees who manage the charity

1. Reverend Stephen Burston (Chair)

2. Mr Mark Chappell (Treasurer) 3. Mr Liam Clark 4. Mr William Moulder Resigned 31[st] October 2023

Principal Bankers

HSBC UK Bank plc 9 The Boulevard Crawley West Sussex RH10 1UT

Structure, governance and management

The charity is constituted as a Charitable Incorporated Organisation (CIO) under a ‘foundation’ model constitution and was entered on the Register of Charities on 22[nd] November 2019. New trustees are appointed by the existing trustees having regard to the skills, knowledge and experience needed for the effective administration of the CIO.

Objects and activities

The CIO exists to advance the Christian religion through the holding of religious services, lectures, public celebration of religious festivals, producing and distributing literature on the Christian faith to enlighten others about the Christian religion, providing pastoral care and carrying out missionary and outreach work. It also exists to promote for the public benefit of the inhabitants of Crawley and the surrounding area the provision of facilities for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disablement, financial hardship or social and economic circumstances or for the public at large in the interests of social welfare and with the object of improving the condition of life of the said inhabitants.

In accordance with our duties, we have considered the guidance provided by the Charity Commission in regard to public benefit. The trustees consistently have regard to this guidance when taking decisions to which it is relevant.

The charity has benefitted from the advice and administrative skills supplied by a number of volunteers during the period.

Achievements and performance

The UK entered a series of coronavirus lockdowns and measures from March 2020. As this catastrophically affected the planned activities of the charity and the development of a dedicated facility out of which to service those activities, the trustees have worked towards collaborating with and supporting St John the Baptist’s Church, Crawley. This parish church works to advance many of the objects and activities that were central to foundation of SJC Queen’s Square CIO. The trustees continue a close collaboration with St John’s and have helped fund their work through Mission Giving during 2023.

The trustees have continued to steward the charity’s resources during 2023, aiming to ensure that we can best satisfy our objects either independently or in collaboration with other organisations going forward. Throughout 2023 and into 2024 we have continued to build a strong relationship with St John’s and through them with other stakeholders including our local council, the diocese of Chichester and other local charities.

Charity reserves

During 2023 we restricted our fundraising so that our reserves did not excessively exceed the anticipated setup costs of an independent operation. The reserves have reduced during the year by £1,672 to end the year at £273,680. The only expenditure was on governance costs and mission giving (as described above). All funds are unrestricted and the trustees declare no uncertainty about the charity being able to continue as a going concern. The low gross income for 2023 and aggregate value of assets, means that that there is no requirement for either audit or independent examination. The trustees are satisfied that they know of no other reason for those examinations to be warranted.

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees.

Mark Chappell _______ Treasurer

Dated: 30 October 2024

Charity No 1186523

SJC Queen's Square

Accounts for the period

Period start date 01/01/2023

Period end To date 31/12/2023

Section A Statement of financial activities

Incoming resources (Note 3) Income and endowments from: Donations and legacies Charitable activities Other trading activities Investments Separate material item of income Governance Resources expended (Notes 4 & 5) Expenditure on: Raising funds Charitable activities Separate material item of expense Governance Net gains/(losses) on investments Extraordinary items Other gains/(losses) Reconciliation of funds: Total Net movement in funds Total funds brought forward Total funds carried forward Total Net income/(expenditure) before investment gains/(losses) Net income/(expenditure) Transfers between funds Other recognised gains/(losses): Gains and losses on revaluation of fixed assets for the charity’s own use	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ 300 - - 300 - - - - - - - - - - - 4,156 - - 4,156 519 - - - - - - - - - -
	4,456 - - 4,456 519
	- - - - - 5,500 - - 5,500 - - - - - - 628 - - 628 824
	6,128 - - 6,128 824
	1,672 ) ( - - 1,672 ) ( 305 ) (
	- - - - -
	1,672 ) ( - - 1,672 ) ( 305 ) (
	- - - - - - - - - - - - - - - - - - - -
	1,672 ) ( - - 1,672 ) ( 305 ) (
	275,352 - - 275,352 275,657
	273,680 - - 273,680 275,352

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Section B Balance sheet

SJC Queen's Square

SJC Q' S
ueens quare Note Fixed assets Intangible assets Tangible assets Heritage assets Investments Total fixed assets Current assets Stocks Debtors Investments Cash at bank and in hand 9 Total current assets Creditors: amounts falling due within one year 8 Net current assets/(liabilities) Total assets less current liabilities Creditors: amounts falling due after one year 8 Provisions for liabilities Total net assets or liabilities Funds of the Charity Endowment funds 11 Restricted income funds 11 Unrestricted funds 11 Revaluation reserve Total funds	Unrestricted funds £ - - - -	Restricted income funds £ - - - -	Endowment funds £ - - - -	Total this year Total last year £ £
				- - - - - - - -
	-	-	-	- -
	- - - 273,685	- - - -	- - - -
				- - - - - - 273,685 275,357
	273,685	-	-	273,685 275,357
				5 5
	5	-	-
	273,680	-	-	273,680 275,352
	273,680	-	-	273,680 275,352
				- - - -
	- -	- -	- -
	273,680	-	-	273,680 275,352
	- - 273,680	- -	- -
				- - - - 273,680 275,352 -
	273,680	-	-	273,680 275,352

The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with FRS102 SORP.

			Date of
Signature		Print Name	approval
			dd/mm/yyyy
	Mark	Chappell	30/10/2024

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Section C Notes to the accounts

Note 1 Basis of preparation

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with the Church Accounting Regulations 2006 and 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 2019) and with the Charities Act 2011.

SJC Queen's Square constitutes a public benefit entity as defined by FRS 102.

1.2 Going concern

The trustees of SJC Queen's Square, having considered any events or conditions that could cast doubt, are satisfied that the accounts be prepared on a going concern basis.

1.3 Change of accounting policy

The accounts present a true and fair view and the accounting policies adopted are those outlined in note 2. There have been no changes to accounting policies during this reporting period.

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Section C Notes to the accounts (cont)

Note 2 Accounting policies

2.1 INCOME

Recognition of income	These are included in the Statement of Financial Activities (SoFA) when the charity
	becomes entitled to the resources, and it is more likely than not that the trustees will
	receive the resources, and the monetary value can be measured with sufficient
	reliability.
Offsetting	There has been no offsetting of assets and liabilities, or income and expenses, unless
	required or permitted by the FRS 102 SORP or FRS 102.
Grants and donations	Grants and donations are only included in the SoFA when the general income
	recognition criteria are met (5.10 to 5.12 FRS102 SORP).
	In the case of performance related grants, income must only be recognised to the
	extent that the charity has provided the specified goods or services as entitlement to the
	grant only occurs when the performance related conditions are met (5.16 FRS 102
	SORP).
Legacies	Legacies are included in the SOFA when receipt is probable, that is, when there has
	been grant of probate, the executors have established that there are sufficient assets in
	the estate and any conditions attached to the legacy are either within the control of the
	charity or have been met.
Government grants	The charity has received no government grants in the reporting period.
Tax reclaims on	Gift Aid receivable is included in income when there is a valid declaration from the
donations and gifts	donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift
	and is treated as an addition to the same fund as the initial donation unless the donor or
	the terms of the appeal have specified otherwise.
Volunteer help	The charity benefits from the dedicated work of a number of volunteers. In accordance
	with FRS102 and the Charities SORP (FRS102), the economic contribution of
	volunteers is not recognised in the accounts but is described in the trustees' annual
	report.
Income from interest,	This is included in the accounts when receipt is probable and the amount receivable can
royalties and dividends	be measured reliably.

2.2 EXPENDITURE AND LIABILITIES

Liability recognition	Liabilities are recognised where it is more likely than not that there is a legal or
	constructive obligation committing the charity to pay out resources and the amount of
	the obligation can be measured with reasonable certainty.
Mission Giving with	Where a grant or donation has conditions for its payment being a specific level of
performance	service or output to be provided, the obligation is only recognised in the SoFA once the
conditions	recipient of the grant has provided the specified service or output. There were no such
	grants or donations made during this reporting period.
Mission Giving payable	Where there are no conditions attaching to a grant or donation, a liability for the full
without performance	funding obligation is recognised once it is probable that the payment will be made and
conditions	the amount of the grant can be measured reliably.
Redundancy cost	The charity made no redundancy payments during the reporting period.
Deferred income	No material item of deferred income has been included in the accounts.
Creditors	The charity's creditors are measured at settlement amounts less any trade discounts.

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Provisions for liabilities A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date Basic financial The charity accounts for basic financial instruments on initial recognition as per instruments paragraph 11.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP.

2.3 ASSETS

Tangible fixed assets These are capitalised if they can be used for more than one year and cost at least £500. for use by the charity They are valued at cost.

Assets are depreciated on a straight line basis over their estimated useful lives. The periods used are:

	Assets are depreciated on a straight line basis over their estimated useful lives. The periods used are:
	5 years - Furniture and Fittings
	5 years - Office Equipment
	3 years - IT Equipment
	3 years - PA/AV Equipment & Musical Instruments
Investments	The charity holds fixed asset investments only in cash deposit accounts. The value can
	therefore be reliably measured.
Debtors	Debtors (including trade debtors and loans receivable) are measured on initial
	recognition at settlement amount after any trade discounts or amount advanced by the
	charity. Subsequently, they are measured at the cash or other consideration expected
	to be received.

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Section C Notes to the accounts (cont)

Note 3 Analysis of income

----- Start of picture text -----
Restricted
Unrestricted income Endowment Prior year
funds funds funds Total funds funds
Analysis £ £ £ £ £
Donations Donations and gifts 300 - - 300 -
and legacies: Gift Aid - - - - -
Legacies - - - - -
General grants - - - - -
Total 300 - - 300 -
Charitable Grants: restricted - - - - -
activities: Other - - - - -
Total - - - - -
Other trading Other - - - - -
activities: - - - - -
- - - - -
Total - - - - -
Income from Interest income 4,156 - - 4,156 519
investments: Total 4,156 - - 4,156 519
Other: - - - - -
Total - - - - -
TOTAL 4,456 - - 4,456 519
Other information:
----- End of picture text -----

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Section C	Notes to the accounts (cont)	Notes to the accounts (cont)
TOTAL EXPENDITURE Total expenditure on charitable activities Governance Legal & professional fees Other Total expenditure on other Bookkeeping & accountancy fees (Note 5) Total expenditure on raising funds Other Mission Giving Note 4 Analysis of expenditure Analysis Raising Funds Incurred seeking donations Expenditure on charitable activities	Analysis of expenditure Analysis Incurred seeking donations	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ £ £ £ £ £ £ - - - - - - - - - - - - - - - - - - - - - - - - 5,500 - - 5,500 - - - - - - - - - - - - 5,500 - - 5,500 - - - - - - - - 240 240 - - - - - - - - 628 - - 628 584 - - 584 628 - - 628 824 - - 824 THIS YEAR LAST YEAR
		6,128 - - 6,128 824 - - 824

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Section C Notes to the accounts (cont)

Note 5 Details of certain types of expenditure

5.1 Fees for the examination of the accounts

Details of the amount paid for any statutory external scrutiny of accounts and other services provided by the independent examiner.

Independent examiner's fees

Assurance services other than independent examination Tax advisory fees

Other fees (for example: financial advice, consultancy, accountancy services) paid to the independent examiner

	This year		Last year
	£		£
		-	-
		-	-
		-	-
		-	-

Note 6 Paid employees

6.1 Staff Costs - staff contracted with SJC Queen's Square

Total contracted staff costs Salaries and wages Social security costs Pension costs (defined contribution scheme) Other employee benefits	This year Last year £ £ - - - - - - - -
	- -

SJC Queen's Square has no employees receiving employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.

No trustee received any remuneration in the year for their services as a trustee.

6.2 Average head count in the year

Fundraising Charitable Activities Governance Other Total	This year Last year Number Number - - - - - - - -
	- -

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Section C Notes to the accounts (cont)

Note 7 Debtors and prepayments

7.1 Analysis of debtors Trade debtors Gift aid due from HMRC Prepayments and accrued income Total	This year Last year £ £ - - - - - -
	- -

Note 8 Creditors and accruals

8.1 Analysis of creditors Trade creditors Social security creditor Accruals and deferred income Other creditors Total	This year Last year This year Last year £ £ £ £ - - - - - - - - 5 5 - - - - Amounts falling due within one year Amounts falling due after more than one year
	5 5 - -

Note 9 Cash at bank and in hand

Cash at bank and in hand Total

	This year	Last year
	£	£
	273,685	275,357
	273,685	275,357

Note 10 Fair value of assets and liabilities

The charity monitors the expected cashflow over future months, taking a conservative view of expected income in order to minimise the liquidity risk (the risk of not being able to meet short term financial demands). The charity has only investments held in cash, there is no exposure to market risk (the risk that the value of an investment will fall due to changes in the market).

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Section C Notes to the accounts (cont)

Note 11 Charity funds

11.1 Details of material funds held and movements during the CURRENT reporting period

* Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds

and U - unrestricted funds
					Fund							Fund
					balances							balances
Fund names	Type*		Purpose and Restrictions		brought					Gains	and	carried
					forward	Income	**Expenditure **	Transfers		losses		forward
					£	£	£		£	£		£
General	U	N/A			275,352	4,456	(6,128)		-		-	273,680
				Total Funds	275,352	4,456	(6,128)		-		-	273,680

Fund balances carried forward are only denominated in UK pounds Sterling

11.2 Details of material funds held and movements during the PREVIOUS reporting period

* Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds

----- Start of picture text -----
Fund Fund
balances balances
Fund names Type Purpose and Restrictions brought Gains and carried
forward Income Expenditure Transfers losses forward
£ £ £ £ £ £
General U N/A 275,657 519 (824) - - 275,352
Total Funds 275,657 519 (824) - - 275,352
----- End of picture text -----*

Fund balances carried forward are only denominated in UK pounds Sterling

11.3 Designated funds

	Fund	Purpose	of	the	designation	Amount
None						-

Note 12 Transactions with trustees and related parties

12.1 Trustee remuneration and benefits

No trustees received any remuneration in the year for their services as a trustee, neither have they received any expenses for fulfilling their duties.

12.2 Transaction(s) with related parties

None

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