2023-12-31-accounts

Friends of St Helen’s Church, Isle of Wight

Annual report 2023/2024

The Friends of St Helen’s Church (IOW) (FOSCH) was formally constituted in January 2023 as a charitable incorporate organization, Charity no. 1202450 and received its registration from the March 2023 Charities Commission on 23[rd]

The St Helen’s building in 1717 is an important community building and recently received a Gold Eco-Church award for its work on its natural environment. The Bishop of Portsmouth has recently announced the appointment of a new Priest in Charge, Reverend Karen Wilson, to lead the worship in the Haven benefice of which St Helen’s Church is part.

The building of St Helen’s, described as spectacular for its stained glass windows, its enchanting atmosphere, and its wildlife haven, is now struggling with the considerable cost of restoring its roof and repairing its heating system. The Friends of St Helen’s are seeking to raise £25,000 to leverage further funding from external sources.

In the last year, FOSCH has raised nearly £1,000 towards set up costs of its website, fundraising leaflets and incorporation. It has also received donations for cushions in the church. James Proctor, a Trustee of FOSCH, is also a member of St Helen’s PCC and keeps the committee informed. The Treasurer, Tim Lyle, has opened a new bank account for the Charity with Lloyds Bank. Donations can now be made to FOSCH through Paypal, Just giving, internet direct payments and cheques.

The committee has met four times. Members have been contacting possible donors in keeping with GDPR practice. The new website htps://sthelenschurchiow.org has raised the profile of FOSHC and the FOSHC’s next target is to assist with the funding required to repair the church’s roof

P Gergaud Chair

Friends of St Helen's Church(IOW)	Friends of St Helen's Church(IOW)	Friends of St Helen's Church(IOW)	Charity No (if any)	1202450
Annualaccountsforthe period
Period start date	01/01/2023	To	Period end date	31/12/2023

Section A Statement of financial activities

Recommended categories by activity Guidance Notes Incoming resources (Note 3) Income and endowments from: Donations and legacies S01 Charitable activities S02 Other trading activities S03 Investments S04 Separate material item of income S05 Other S06 S07 Resources expended (Note 6) Expenditure on: Raising funds S08 Charitable activities S09 Separate material item of expense S10 Other S11 S12 S13 Net gains/(losses) on investments S14 S15 Extraordinary items S16 S17 S18 Other gains/(losses) S19 S20 Reconciliation of funds: S21 S22 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 £ £ £ F01 F02 F03	Unrestricted funds Restricted income funds Endowment funds £ £ £ F01 F02 F03	Unrestricted funds Restricted income funds Endowment funds £ £ £ F01 F02 F03	Total funds £ F04
	3,889	-	-	3,889
	-	-	-	-
	-	-	-	-
	-	-		-
	-	-	-	-
	972	-	-	972
	4,861	-	-	4,861
	144	-	-	144
	1,085	-	-	1,085
	-	-	-	-
	-	-	-	-
	1,229	-	-	1,229
	3,632	-	-	3,632
	-	-	-	-
	3,632	-	-	3,632
	-	-	-	-
	-	-	-	-
	-	-	-	-
	-	-	-	-
	3,632	-	-	3,632
	-	-	-	-
	3,632	-	-	3,632

1

Section B Balance sheet

Guidance Notes Current assets Debtors (Note 19) B07 Cash at bank and in hand (Note 24) B09 Total current assets B10 Creditors: amounts falling due within one year (Note 20) B11 Net current assets/(liabilities) B12 Total assets less current liabilities B13 Creditors: amounts falling due after one year (Note 20) B14 Provisions for liabilities B15 Total net assets or liabilities B16 Funds of the Charity Endowment funds (Note 27) B17 Restricted income funds (Note 27) B18 Unrestricted funds B19 Revaluation reserve B20 Total funds B21	Unrestricted funds £	Restricted income funds £	Endowment funds £	Total this year £
	972	-	-	972
	2,660	-	-	2,660
	3,632	-	-	3,632
	-	-	-	-
	3,632	-	-	3,632
	3,632	-	-	3,632
	-	-	-	-
	-	-	-	-
	3,632	-	-	3,632
	-			-
		-		-
	3,632		-	3,632
				-
	3,632	-	-	3,632

Signed by one or two trustees on behalf of all the trustees	Signature	Print Name
		T H G Lyle
		P M Gergaud

Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or The accounts have been prepared in accordance with:

		the Statement of Recommended Practice:	the Statement of Recommended Practice:
		Accounting and Reporting by Charities preparing
• and with*	✓	their accounts in accordance with the Financial Reporting Standard applicable in the UK and
		Republic of Ireland (FRS 102) issued on 16 July
		2014
• and with*	✓	the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102)
• and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.*			✓

• -Tick as appropriate

1.2 Going concern

If there are material uncertainties related to events or conditions that cast significant doubt on the

An explanation as to those factors that support the conclusion that the charity is This annual report is

1.3 Change of accounting policy

1.3 Change of accounting policy	1.3 Change of accounting policy	1.3 Change of accounting policy	1.3 Change of accounting policy	1.3 Change of accounting policy	1.3 Change of accounting policy
Yes ✓ No Recognition of income Yes No N/a ✓ Yes No N/a ✓ Yes No N/a ✓ Yes No N/a ✓ 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). Note 2 Accounting policies 2.1 INCOME These are included in the Statement of Financial Activities (SoFA) when: • the charity becomes entitled to the resources; · 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 This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". There are no different or additional policies adopted. * -Tick as appropriate The accounts present a true and fair view and the accounting policies adopted are those outlined in note 2.
Yes No	✓	* -Tick as appropriate
Note 2 Accounting policies 2.1 INCOME
This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". There are no different or additional policies adopted.
Recognition of income 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). These are included in the Statement of Financial Activities (SoFA) when: • the charity becomes entitled to the resources; · 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
			✓
			Yes No N/a
			✓
			Yes No N/a
			✓
			Yes No N/a
					✓

Section C Notes to the accounts (cont)

This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. Income from interest, royalties and dividends This is included in the accounts when receipt is probable and the amount receivable can be measured reliably. Income from membership subscriptions Membership subscriptions received in the nature of a gift are recognised in Donations and Legacies. Membership subscriptions which gives a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities. Investment gains and losses Donated services and facilities Donated services and facilities are included in the SOFA when received at the value of the gift to the charity provided the value of the gift can be measured reliably. This is only included in the SoFA once the charity has provided the related goods or services or met the performance related conditions. Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so. 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 government grants in the reporting period Tax reclaims on donations and gifts Gift Aid receivable is included in income when there is a valid declaration from the 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. Donated goods Contractual income and performance related grants Settlement of insurance claims Insurance claims are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other income in the SoFA. Support costs The charity has incurred expenditure on support costs. Volunteer help The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.	Yes	No	N/a
			✓
	Yes	No	N/a
		✓
	Yes	No	N/a
	✓
	Yes	No	N/a
			✓
	Yes	No	N/a
			✓
	Yes	No	N/a
			✓
	Yes	No	N/a
	✓
	Yes	No	N/a
	✓
	Yes	No	N/a
			✓
	Yes	No	N/a
			✓
	Yes	No	N/a
			✓
	Yes	No	N/a
			✓
	Yes	No	N/a
			✓

Section C Notes to the accounts (cont)

2.2 EXPENDITURE AND LIABILITIES

2.3 ASSETS Intangible fixed assets Grants with performance conditions Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output. Grants payable without performance conditions Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be recognised. Governance and support costs Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. The charity has intangible fixed assets, that is, non-monetary assets that do not have physical substance but are identifiable and are controlled by the charity through custody or legal rights. 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 The charity accounts for basic financial instruments on initial recognition as per paragraph 11.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP. Tangible fixed assets for use by charity 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 instruments 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 has creditors which are measured at settlement amounts less any trade discounts They are valued at cost. These are capitalised if they can be used for more than one year, and cost at least Redundancy cost		Yes No N/a	Yes No N/a	Yes No N/a
		✓
		Yes No N/a
		✓
		Yes No N/a
				✓
		Yes No N/a
				✓
		Yes No N/a
				✓
		Yes No N/a
		✓
		Yes No N/a
		✓
		Yes No N/a
				✓
		Yes No N/a
				✓
		Yes No N/a
				✓
		Yes No N/a
	£1,000
				✓
		Yes No N/a
				✓

Section C Notes to the accounts (cont)

Heritage assets 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. Current asset investments The charity has has investments which it holds for resale or pending their sale and cash and cash equivalents with a maturity date less than one year. These include cash on deposit and cash equivalents with a maturity date of less than one year held for investment purposes rather than to meet short term cash commitments as they fall due. Stocks and work in progress Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net realisable value. Investments Fixed asset investments in quoted shares, traded bonds and similar investments are valued at initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measured at cost less impairment. The charity has heritage assets, that is, non- monetary assets with historic, artistic, scientific, technological, geophysical or environmental qualities that are held and maintained principally for their contribution to knowledge and culture.	Yes No N/a	Yes No N/a	Yes No N/a
			✓
	Yes No N/a
			✓
	Yes No N/a
			✓
	Yes No N/a
			✓
	Yes No N/a
			✓

Section C Notes to the accounts (cont)

Note 3 Analysis of income

TOTAL INCOME Donations and legacies: Charitable activities:	Unrestricted funds Restricted income funds Endowment funds Total funds £ Analysis	Unrestricted funds Restricted income funds Endowment funds Total funds £ Analysis	Unrestricted funds Restricted income funds Endowment funds Total funds £ Analysis	Unrestricted funds Restricted income funds Endowment funds Total funds £ Analysis	Unrestricted funds Restricted income funds Endowment funds Total funds £ Analysis
	Donations and gifts	3,889	-	-	3,889
	Gift Aid	972	-	-	972
	Legacies	-	-	-	-
	General grants provided by government/other ~~charities~~	-	-	-	-
	Membership subscriptions and sponsorships which are in substance ~~donations~~	-	-	-	-
	Donated goods, facilities and services	-	-	-	-
	Other	-	-	-	-
	Total	4,861	-	-	4,861
		-	-	-	-
		-	-	-	-
		-	-	-	-
	Other	-	-	-	-
	Total	-	-	-	-
		4,861	-	-	4,861

Analysis Expenditure on raising funds: Note 4 Analysis of expenditure	Unrestricted funds Restricted income funds Endowment funds Total funds £ This year	Unrestricted funds Restricted income funds Endowment funds Total funds £ This year	Unrestricted funds Restricted income funds Endowment funds Total funds £ This year	Unrestricted funds Restricted income funds Endowment funds Total funds £ This year
Advertising, marketing, direct mail and publicity	144	-	-	144
	-	-	-	-
Total expenditure on raising funds	144	-	-	144
Expenditure on charitable activities:
	1,085	-	-	1,085
Total expenditure on charitable activities	1,085	-	-	1,085
TOTAL EXPENDITURE
	1,229	-	-	1,229

Section C Notes to the accounts (cont)

Note 5 Debtors and prepayments

Please complete this note if the charity has any debtors or prepayments.

5.1 Analysis of debtors Trade debtors Prepayments and accrued income Other debtors Total	This year £
	-
	-
	972
	972

Note 6 Cash at bank and in hand

Note 6 Cash at bank and in hand
Other Cash at bank and on hand Total Short term cash investments (less than 3 months maturity Short term deposits	This year £
	-
	-
	2,660
	-
	2,660

Note 7 Fair value of assets and liabilities

25.1 Please provide details of the charity's exposure to credit risk 25.2 Please give details of the amount of change in the fair value of basic financial instruments (debtors, creditors, investments (see section 11, FRS 102 SORP)) measured at fair value through the SoFA that is attributable to changes in credit risk.	This year
	The Charityis owed Gift Aid byHMRC.
	n/a

Note 8 Transactions with trustees and related parties

If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes)

8.1 Trustee remuneration and benefits This year

None of the trustees have been paid any remuneration or received any other benefits from an

TRUE

8.2 Transaction(s) with related parties

Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material This year

There have been no related party transactions in the reporting period (True or False) TRUE