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Charity registration number 1194100
ST PAUL'S CHURCH GORNAL
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
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ST PAUL'S CHURCH GORNAL
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees Mrs F L Clapham Mr D Astley Mr D Bell Mr H Bott Mr A Hunt Mr D Greenaway Charity number 1194100 Principal address 4 Lake Street Dudley West Midlands DY3 2AU Independent examiner Bache Brown & Co Limited Swinford House Albion Street Brierley Hill DY5 3EE
DocuSign Envelope ID: 45F6ACC1-8201-4755-8CA2-FE830C415C4D
ST PAUL'S CHURCH GORNAL
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 2 |
| Independent examiner's report | 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Notes to the financial statements | 6 - 13 |
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ST PAUL'S CHURCH GORNAL
TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023
The trustees present their annual report and financial statements for the year ended 31 March 2023.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's constitution, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to 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).
Objectives and activities
The charity's objects are to advance the Christian faith in accordance with the statement of faith throughout the West Midlands and the UK for the benefit of the public mainly but not exclusively through the holding of prayer meetings, religious education, religious ceremonies and to provide outreach and pastoral care for the community.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Achievements and performance
The church continued to stream services on-line to allow the services to be accessible for all. Clubs were up and running and we still continued to offer the foodbank to those in need.
Financial review
In the year to 31 March 2023 income was £36,704 (2022: £33,427). This includes £23,538 (2022: £26,865) from donations and £5,706 (2022: £5,838) from gift aid.
Expenditure totalled £39,958 (2022: £29,261) to give a deficit for the year of £3,254 (2022: surplus £4,166) and a balance carried forward on unrestricted funds of £46,452 (2022: £49,706).
Cash at the year end totalled £43,285 (2022: £47,781)
In the year £1,003 (2022: £944) was spent on fixed asset additions, being a new laptop
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
Structure, governance and management
The Charity is an unincorporated charity. On 15 April 2021 the charity was registered with the Charity Commission.
The trustees who served during the year and up to the date of signature of the financial statements were: Mrs F L Clapham
Mr D Astley Mr D Bell Mr H Bott Mr A Hunt Mr D Greenaway
Trustees are appointed for their skills set which is considered an asset to the furtherance of the objectives of the charity. On appointment trustees read the guidance issued by the Charity Commission for new trustees.
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ST PAUL'S CHURCH GORNAL
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
Spiritual leadership of the church is led by the pastor. The board of trustees deals with the day to day running and decision making.
The trustees' report was approved by the Board of Trustees.
Mrs F L Clapham Mr D Astley Trustee Trustee
26 January 2024
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ST PAUL'S CHURCH GORNAL
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ST PAUL'S CHURCH GORNAL
I report to the trustees on my examination of the financial statements of St Paul's Church Gornal (the charity) for the year ended 31 March 2023.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. 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
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I have completed my examination. I confirm that no 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 respect of the charity as required by section 130 of the 2011 Act; or
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Peter Simpson MAAT FCCA FCA
Bache Brown & Co Limited Swinford House Albion Street Brierley Hill DY5 3EE
Dated: 26 January 2024
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ST PAUL'S CHURCH GORNAL
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2023
| Unrestricted Restricted funds funds 2023 2023 Notes £ £ Income from: Donations and legacies 2 29,244 - Charitable activities 3 433 - Other trading activities 4 - 7,027 Total income 29,677 7,027 Expenditure on: Raising funds 5 - 4,989 Charitable activities 6 34,969 - Total expenditure 34,969 4,989 Net income/(expenditure) and movement in funds (5,292) 2,038 Reconciliation of funds: Fund balances at 1 April 2022 49,706 - Fund balances at 31 March 2023 44,414 2,038 |
Total Unrestricted funds 2023 2022 £ £ 29,244 32,703 433 724 7,027 - 36,704 33,427 4,989 - 34,969 29,261 39,958 29,261 (3,254) 4,166 49,706 45,540 46,452 49,706 |
Total Unrestricted funds 2023 2022 £ £ 29,244 32,703 433 724 7,027 - 36,704 33,427 4,989 - 34,969 29,261 39,958 29,261 (3,254) 4,166 49,706 45,540 46,452 49,706 |
|---|---|---|
| 33,427 | ||
| - 29,261 |
||
| 29,261 | ||
| 4,166 45,540 |
||
| 49,706 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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ST PAUL'S CHURCH GORNAL
BALANCE SHEET
AS AT 31 MARCH 2023
| 2023 Notes £ Fixed assets Tangible assets 11 Current assets Debtors 12 5,694 Cash at bank and in hand 43,285 48,979 Creditors: amounts falling due within one year 13 4,713 Net current assets Total assets less current liabilities The funds of the charity Restricted income funds 14 Unrestricted funds The financial statements were approved by the trustees on 26 January 2024 Mrs F L Clapham Mr D Astley Trustee Trustee |
£ 2,186 44,266 46,452 2,038 44,414 46,452 |
2022 £ 5,837 47,781 53,618 6,062 |
£ 2,150 47,556 |
|---|---|---|---|
| 49,706 | |||
| - 49,706 |
|||
| 49,706 | |||
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ST PAUL'S CHURCH GORNAL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
1 Accounting policies
Charity information
St Paul's Church Gornal is an unincorporated charity which was registered with the Charity Commission on 15 April 2021.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's constitution, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to 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). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
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ST PAUL'S CHURCH GORNAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
1 Accounting policies
(Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings 25% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.9 Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
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ST PAUL'S CHURCH GORNAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
1 Accounting policies
(Continued)
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
1.10 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.11 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2 Donations and legacies
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2023 | 2022 | |
| £ | £ | |
| Donations and gifts | 23,538 | 26,865 |
| Gift aid | 5,706 | 5,838 |
3 Income from charitable activities
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2023 | 2022 | |
| £ | £ | |
| Outreach | ||
| Toddlers Group | 433 | 724 |
| Income from other trading activities | ||
| Restricted | Restricted | |
| funds | funds | |
| 2023 | 2022 | |
| £ | £ | |
| Fundraising events | 7,027 | - |
4 Income from other trading activities
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ST PAUL'S CHURCH GORNAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
5 Expenditure on raising funds
| Restricted | Restricted | ||
|---|---|---|---|
| funds | funds | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Fundraising and publicity | |||
| Other fundraising costs | 4,989 | - | |
| 6 | Expenditure on charitable activities | ||
| Church | Church | ||
| running | running | ||
| costs | costs | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Direct costs | |||
| Staff costs | 16,903 | 15,628 | |
| Depreciation and impairment | 968 | 717 | |
| Visiting preachers | - | 194 | |
| Music & worship | 945 | 498 | |
| Gifts to missions | 3,268 | 3,343 | |
| Vineyard Churches | 220 | 250 | |
| Supplies (food/toiletries) | 568 | 144 | |
| Meals for youth | - | 135 | |
| 22,872 | 20,909 | ||
| Share of support and governance costs (see note 7) | |||
| Support | 10,621 | 6,790 | |
| Governance | 1,476 | 1,562 | |
| 34,969 | 29,261 | ||
| Analysis by fund | |||
| Unrestricted funds | 34,969 | 29,261 |
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DocuSign Envelope ID: 45F6ACC1-8201-4755-8CA2-FE830C415C4D
ST PAUL'S CHURCH GORNAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
7 Support costs allocated to activities
| Light, heat & water Insurance Repairs & maintenance Travel & subsistence Telephone Office supplies Misc Bank charges Zoom Governance costs Analysed between: Church running costs |
2023 £ 1,811 1,300 5,280 336 553 616 345 37 343 1,476 12,097 12,097 |
2022 £ 1,301 1,286 2,049 439 476 194 865 36 144 1,562 |
|---|---|---|
| 8,352 | ||
| 8,352 |
Governance costs includes payments of £750 + VAT (2022: £750 + VAT) for Independent Examiners fees.
8 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. One of the trustees was paid for their role as Pastor of the church and not for being a trustee.
9 Employees
The average monthly number of employees during the year was:
| 2023 | 2022 | |
|---|---|---|
| Number | Number | |
| Pastor of the church | 1 | 1 |
| Employment costs | 2023 | 2022 |
| £ | £ | |
| Wages and salaries | 16,508 | 15,300 |
| Social security costs | 87 | - |
| Other pension costs | 308 | 328 |
| 16,903 | 15,628 |
There were no employees whose annual remuneration was more than £60,000.
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ST PAUL'S CHURCH GORNAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
10 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
11 Tangible fixed assets
| Cost At 1 April 2022 Additions At 31 March 2023 Depreciation and impairment At 1 April 2022 Depreciation charged in the year At 31 March 2023 Carrying amount At 31 March 2023 At 31 March 2022 Debtors Amounts falling due within one year: Other debtors Prepayments and accrued income Creditors: amounts falling due within one year Other taxation and social security Other creditors Accruals and deferred income |
Fixtures and fittings £ 4,241 1,003 5,244 2,090 968 3,058 2,186 2,150 2023 2022 £ £ 5,694 5,725 - 112 5,694 5,837 2023 2022 £ £ 167 245 3,646 4,017 900 1,800 4,713 6,062 |
Fixtures and fittings £ 4,241 1,003 5,244 2,090 968 3,058 2,186 2,150 2023 2022 £ £ 5,694 5,725 - 112 5,694 5,837 2023 2022 £ £ 167 245 3,646 4,017 900 1,800 4,713 6,062 |
|---|---|---|
| 5,244 | ||
| 2,090 968 |
||
| 3,058 | ||
| 2,186 | ||
| 2,150 | ||
| 2022 £ 5,725 112 |
||
| 5,837 | ||
| 2022 £ 245 4,017 1,800 |
||
| 6,062 |
12 Debtors
13 Creditors: amounts falling due within one year
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ST PAUL'S CHURCH GORNAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
14 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
| At | 1 | April | Incoming | Resources | At | 31 | March | |
|---|---|---|---|---|---|---|---|---|
| 2022 | resources | expended | 2023 | |||||
| £ | £ | £ | £ | |||||
| Ukraine | - | 7,027 | (4,989) | 2,038 |
During the year there was a fund for anyone wishing to donate towards the people of Ukraine. Pastor David Bell took supplies collected to the border of Ukraine and these were given to aid workers for further distribution. The balance on unspent donations received will be used for its intended purpose during the current year.
15 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At | 1 April | Incoming | Resources | At 31 March | |
|---|---|---|---|---|---|
| 2022 | resources | expended | 2023 | ||
| £ | £ | £ | £ | ||
| General funds | 49,706 | 29,677 | (34,969) | 44,414 | |
| Previous year: | At | 1 April | Incoming | Resources | At 31 March |
| 2021 | resources | expended | 2022 | ||
| £ | £ | £ | £ | ||
| General funds | 45,540 | 33,427 | (29,261) | 49,706 | |
| Analysis of net assets between funds | |||||
| Unrestricted | Restricted | Total | |||
| funds | funds | ||||
| 2023 | 2023 | 2023 | |||
| £ | £ | £ | |||
| Fund balances at 31 March 2023 are represented | by: | ||||
| Tangible assets | 2,186 | - | 2,186 | ||
| Current assets/(liabilities) | 42,228 | 2,038 | 44,266 | ||
| 44,414 | 2,038 | 46,452 |
16 Analysis of net assets between funds
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ST PAUL'S CHURCH GORNAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
| 16 | Analysis of net assets between funds | (Continued) | ||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| funds | funds | |||
| 2022 | 2022 | 2022 | ||
| £ | £ | £ | ||
| Fund balances at 31 March 2022 are represented by: | ||||
| Tangible assets | 2,150 | - | 2,150 | |
| Current assets/(liabilities) | 47,556 | - | 47,556 | |
| 49,706 | - | 49,706 |
17 Related party transactions
Transactions with related parties
During the year the charity entered into the following transactions with related parties:
Mrs F L Clapham is a director and a shareholder of CKCA Limited. During the year preparation of payroll costs of £521 (2022: £417) were invoiced to the charity by CKCA Limited.
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