## **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**