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2024-03-31-accounts

Union Church, Sheffield

Report and Accounts Year ended 31 March 2024

1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk

UNION CHURCH, SHEFFIELD

LEGAL & ADMINISTRATIVE DETAILS

FOR THE YEAR ENDED 31 MARCH 2024

ADDRESS FOR CORRESPONDENCE Level 2 Part C The Synergy Building St Peters House Hartshead Sheffield S1 2EL GOVERNING DOCUMENT Constitution for a CIO dated 26 January 2021 CHARITY REGISTRATION NUMBER 1193249 TRUSTEES RESPONSIBLE FOR Alison Collins MANAGING THE CHARITY Fraser Davies (resigned 13 May 2023) Dr Sarah Goodwin Samuel McWhirter Brian Noble (appointed 3 September 2023) Christopher Richardson Ross Rohlmeier (appointed 7 October 2023 (resigned 20 June 2024) INDEPENDENT EXAMINER Ajay Rajani FCIE Stewardship 1 Lamb's Passage London EC1Y 8AB

INDEX

Page 1 Legal & Administrative Details Pages 2-4 Trustees' Report Page 5 Independent Examiner's Report Page 6 Receipts and Payments Account Page 7 Statement of Assets & Liabilities Page 8 Notes to the Accounts

Page 1

UNION CHURCH SHEFFIELD

REPORT OF THE TRUSTEES

FOR THE YEAR END 31 MARCH 2024

The Trustees have pleasure in submitting the Report and Accounts for the charity's last period of account, which commenced on 01 April 2023 and ended on 31 March 2024.

Objects of the charity

The charity, which is a church, is governed by a constitution and is constituted as a charitable incorporated organisation. The charity's principal objects, as set out in its governing document, are:

Summary of the charity's main activities and achievements

To further the above objects and vision, the charity's main activities and achievements were as follows:

This past year Union Church Sheffield has:

Page 2

The trustees have also recently investigated and responded to an offer of rent-free premises to host our gathered church meetings, office work, and other activities for both members and the wider community.

In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission.

Financial review

Overall, income in this third period of operating was £98,857 compared to £104,093 last year.

During the year unrestricted income decreased by £6,723, to £63,787. However encouragingly unrestricted income from recurring sources, which excludes special gifts, increased by £1,224 to £57,287. In addition the charity received restricted income of £32,143 from Grace Church, Waco to fund the employment of one of the church's ministers and also received £2,927 for a marriage retreat.

Overall, expenditure in this third period of operating was £115,041. Unrestricted expenditure increased by £4,700, to £75,378. This increase was largely due to an increase of £6,845 in staff costs. The charity incurred restricted expenditure of £36,534 on the employment of the minister funded by Grace Church Waco, £2,927 on a marriage retreat and £202 on cross cultural outreach.

As a result the charity has reported a deficit of £11,591 on unrestricted funds. The deficit on restricted funds was £4,593. Overall cash held by the church at the year end for its activities decreased by £16,184 to £52,093. From this, £16,028 has been set aside in a designated reserve fund.

Reserves policy

The trustees have determined that the charity should aim to hold unrestricted cash of no less than £16,028 (which equates to three months payroll and mission partner expenditure) so that the charity could continue to operate should income and / or expenditure vary adversely. At the year-end, the charity held unrestricted cash of £49,907 and the charity is complying with its reserves policy.

Page 3

Governance

Responsibility for setting policy and for making operating decisions rests with the trustees, who meet regularly to monitor the activities of the charity. They are familiar with their legal duties and the respective Charity Commission 5-minute guides. Responsibility for the day-to-day operation of the charity has been delegated to the elders. New trustees are recruited and appointed by the existing trustees, subject to a vote indicating approval by 75% of church membership. A more detailed account of the procedure can be found in our church handbook. One of our member trustees stepped down and was replaced this year; the other confirmed for a second term.

Risk statement

The charity is exposed to various risks - be they operational, financial or reputational. The trustees review the charity's activities regularly to identify significant risks and, where possible, they take appropriate measures to monitor and manage those risks.

Financial responsibilities of trustees

Charity law requires us as Trustees to prepare financial statements for each accounting year which record the receipts and payments of the charity for the year.

We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable us to ensure that the financial statements comply with the Charities Act 2011.

We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities.

Approval

This report was approved by the trustees and signed on their behalf by:

Sarah Goodwin

Sarah Goodwin (Sep 7, 2024 20:50 GMT+1)

Sarah Goodwin Chair of Trustees Date: Sep 7, 2024

S.McWhirter

S.McWhirter (Sep 4, 2024 09:00 GMT+1)

Samuel McWhirter Pastor/Elder/Trustee Date: Sep 4, 2024

Page 4

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

UNION CHURCH, SHEFFIELD

I report to the trustees on my examination of the accounts of Union Church, Sheffield ('the charity') for the year ended 31 March 2024 on pages 6 to 8 following.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in accordance with section 130 of the 2011 Act; or

  2. the accounts do not accord with the accounting records.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Ajay Rajani

Ajay Rajani (Sep 9, 2024 10:25 GMT+1)

Ajay Rajani FCIE Stewardship 1 Lamb's Passage London EC1Y 8AB

Date: Sep 9, 2024

Page 5

UNION CHURCH, SHEFFIELD

RECEIPTS AND PAYMENTS ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2024

Unrestricted Funds
General Designated Restricted
Funds Funds Funds 2024 2023
Notes £ £ £ £ £
Income receipts
Donations 48,970 - - 48,970 57,234
Gift aid receipts 11,576 - - 11,576 11,872
Grants from Grace Church, Waco - - 32,143 32,143 33,042
Other grant income - - - 540
Marriage retreat and other activities 150 - 2,927 3,077 -
Bank interest 3,091 - - 3,091 1,406
Total receipts 63,787 - 35,070 98,857 104,093
Payments
Payments in relation to charitable activities
undertaken directly
2 66,776 - 39,663 106,439 94,620
Grants paid in relation to charitable activities
undertaken by others
3 8,602 - - 8,602 7,229
Total payments 75,378 - 39,663 115,041 101,849
Net of receipts / (payments) before transfers (11,591) - (4,593) (16,184) 2,244
Transfers between funds 5 (299)
299
-
-
-
Net movement in funds (11,890) 299 (4,593) (16,184) 2,244
Cash funds as at last year end 45,769 15,729 6,779 68,277
66,033
Cash funds at this year end A 33,879 16,028 2,186 52,093 68,277

The notes on page 8 form part of these accounts.

Page 6

UNION CHURCH, SHEFFIELD

STATEMENT OF ASSETS AND LIABILITIES

FOR THE YEAR ENDED 31 MARCH 2024

A Cash funds
Bank current account
Bank deposit account
B Other monetary assets
C Liabilities
D Assets retained for charity's own use
Equipment fund
General
Designated
funds
funds
£
£
33,879
16,028

-
-

33,879
16,028
-

-
-
-

Unrestricted Funds
Restricted
funds
£
2,186
-
2,186

-
-
2024
£
52,093
-
52,093
-
-
Fund to
which asset
belongs
Unrestricted
2023
£
General
funds
£
33,879
-
33,879
-

-
68,277
-
68,277
-
-
Cost
£
3,182

The trustees estimated the value to the charity of the equipment it inherited when it began operating and this has been updated for subsequent purchases and disposals.

E Guarantees and secured debts

The charity has not given any guarantees and has not provided its assets as security for any liabilities.

The accounts were approved by the trustees and signed on their behalf by:

S.McWhirter Sarah Goodwin S.McWhirter (Sep 4, 2024 09:00 GMT+1) Sarah Goodwin (Sep 7, 2024 20:50 GMT+1) _____ _____ Samuel McWhirter - trustee Sarah Goodwin - trustee

Sep 4, 2024 Date:_____

The notes on page 8 form part of these accounts.

Page 7

UNION CHURCH, SHEFFIELD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

The accounts have been prepared on a receipts and payments basis and comprise a statement that shows the charity's receipts and payments, a statement that summarises the charity's assets and liabilities and related notes. The accountancy profession have determined that only accounts prepared in accordance with applicable accounting standards present a 'true and fair' view and, as these receipts and payments accounts have not (and cannot) be prepared in accordance with accounting standards, these accounts do not present (and are not intended to present) a 'true and fair' view of the charity's financial activities and state of affairs.

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. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.

General
Designated
funds
funds
£
£
2
Payments in relation to charitable activities undertaken directly
Staff costs
55,578
-

Venue hire and other meeting expenses
4,110
-
Training
3,830
-
Marriage retreat
705
-
Outreach
660
-

Administrative expenses
1,437
-
IT & communications
458
-
66,776
-
3
Grants paid in relation to charitable activities undertaken by others
Giving to mission partners
7,474
-

Giving to other partners
1,128
-
8,602
-
Unrestricted Funds
Restricted
Funds
£
36,534

-
-
2,927
202

-
-
39,663

-
-
-
Total
2024
£
92,112
4,110
3,830
3,632
861
1,437
458
106,439
7,474
1,128
8,602
Total
2023
£
79,903
7,718
3,935
-

550
2,021
493
94,620
6,197

1,032
7,229

4 Transactions with related parties

Staff costs includes employment benefits totalling £91,357 paid to Samuel McWhirter, Ross Rolmeier and to his wife Joanna Rohlmeier. Samuel and Ross received these employment benefits for serving as church leaders, not for serving as trustees; these payments are permitted by the charity's governing document. Joanna was paid for serving in other ministry roles.

5 Movement on funds

Unrestricted general funds
Unrestricted designated funds
Reserve fund
Restricted funds
Residency fund
Cross Cultural Outreach fund
Marriage Retreat
Total funds
Opening
balance
£
45,769
15,729
6,239
540
-
6,779
68,277
Receipts
£
63,787
-
32,143

-

2,927
35,070
98,857
Payments
£
(75,378)
-
(36,535)
(202)
(2,927)
(39,663)
(115,041)
Transfers
£
(299)
299
-
-
-
-
-
Closing
balance
£
33,879
16,028
1,848
338

-
2,186
52,093

Designated funds

The designated Reserve fund represents funds set aside by the trustees to help cover spending commitments (in particular staff employment and mission partner support) for a period of time should income vary adversely.

Restricted funds

The restricted Residency fund was created from grants received from Grace Church Waco to employ a Church Planting Resident. The restricted Cross Cultural Outreach fund was created from a grant received from FIEC to help support specifically cross-cultural local outreach.

The restricted Marriage Retreat fund was created from income received for a marriage treat.

Page 8