2021-03-31-accounts - The Sherborne Road Church Trust

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

The Sherborne Road Church Trust

Charity number 256454

Annual Report and Financial Statements

for the year ended 31 March 2021

The Sherborne Road Church Trust

Annual Report and Financial Statements for the year ended 31 March 2021

Contents	Page
Trustees' report	2 to 4
Examiner's report	5
Statement of financial activities	6
Balance sheet	7
Notes to the accounts	8 to 10

Prepared by West Yorkshire Community Accounting Service

The Sherborne Road Church Trust

Trustees' report for the year ended 31 March 2021

Reference and administrative details of the charity, its trustees and advisors

The trustees during the financial year and up to and including the date the report was approved were: Name Position Dates Jonathan King Chair Resigned 5 August 2021 Nkosana Phiri Fiona Robertson Treasurer Resigned 12 November 2020 Simon Dennis Treasurer Appointed 12 November 2020 Justin Gill Joe Czajka Charity number 256454 Registered in England and Wales

Resigned 5 August 2021 Resigned 12 November 2020 Appointed 12 November 2020

Registered in England and Wales

Registered and principal address

1 Sherborne Road Great Horton Bradford BD7 1RB

Bankers HSBC Bank plc PO Box 45 47 Market Street Bradford BD1 1LW

Independent examiner Stephen Procter West Yorkshire Community Accounting Service Stringer House 34 Lupton Street Leeds LS10 2QW

Structure, governance and management

The charity is governed by a trust deed adopted on 1 January 1968.

Method of recruitment and appointment of trustees

The trustees of the charity are appointed by the members at the AGM.

The Sherborne Road Church Trust

Trustees' report (continued) for the year ended 31 March 2021

Objectives and activities

The charity's objects

Advancement of the Christian faith.

The charity's main activities

The Sherborne Road Church Trust is based in premises near the University of Bradford and Bradford College and provide friendship, English language practice and opportunities for Bible studies for international students from all backgrounds.

Public benefit statement

In setting our objectives and planning our activities our Trustees have given serious consideration to the Charity Commission’s general guidance on public benefit and in particular the advancement of religion and the advancement of community development.

Achievements and performance

The Trust continued to direct all its efforts and finances to the work of Global Cafe. The Trust has continued to employ one part-time team-leader during this period. The team leader leads a team of volunteers in welcoming all international students - whatever their nationality, religion or background. It is a core value of the Trust that Global Cafe extends a welcome to all international students and facilitates friendships across cultures. Global Cafe provides an introduction to the Christian faith for those who express an interest.

The Trust continued to own a property near the university which is where the main activities of Global Cafe are held. This property also contains flats and storage space, and the entire rental income from these goes into funding Global Cafe. The Trust continues to maintain the property in accordance with current legislation, and meets all its financial obligations.

The Trust's funds allow year-round hospitality to be extended to all international students.

The Trust actively promotes good relationships between Global Cafe, local churches, the University of Bradford Christian Union, the University Chaplaincies and the International Office of the University of Bradford.

Covid-19

The impact of Covid 19 has actually been positive on the charity’s finances. This is because income (which is mainly in the form of rent and donations) has remained constant but spending has reduced as activities have been curtailed.

We do not expect there to be any significant negative financial impact over the 12 months. The only current uncertainty is the number of rooms that we will be able rent over the coming academic year, however, the current assessment is that we will be able to rent a minimum of four rooms – with the possibility of five up to the end of this calendar year.

Should lettings not reach that assessed, we will re-assess the position – however, it is very unlikely that a loss of income will prevent us from being able to operate through the next 12 months.

At the time of signing these accounts the charity has been impacted by the global Covid-19 virus however it has not had a significant impact on our income. As last year, donors have continued to make regular financial gifts to the charity, and rental income from our property has continued. While charity activities were put on hold during the pandemic, our member of staff was put onto the government's Furlough scheme which reduced pressure on our finances. In addition, our staffing continues to be at slightly lower level than pre-pandemic which has further reduced pressure.

The Sherborne Road Church Trust

Trustees' report (continued) for the year ended 31 March 2021

Financial review

The net income for the year was £12,278, all relating to unrestricted funds.

Reserves policy

The charity's free reserves, excluding fixed assets, at the year end were £15,154.

The trustees have agreed to build up reserves. At present, our reserves at the bank amount to about 6 months expenditure. Our aim is to arrive at an amount equivalent to one year’s expenditure.

Signed on behalf of the board of trustees on 28/11/2021

Simon Dennis (Trustee)

The Sherborne Road Church Trust

Independent examiner's report to the trustees of The Sherborne Road Church Trust

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2021, which are set out on pages 6 to 10.

Responsibilities and basis of report

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

I report in respect of my examination of the charity's accounts as 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 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 respect of the charity as required by section 130 of the Charities Act; 2 the accounts do not accord with those records; or
3 the accounts 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 accounts to be reached.

Stephen Procter

20/12/2021

West Yorkshire Community Accounting Service

Stringer House 34 Lupton Street Leeds LS10 2QW

The Sherborne Road Church Trust

Statement of Financial Activities

(including summary income and expenditure account) for the year ended 31 March 2021

Notes Income from: Grants and donations (2) Rental and council tax income Gift Aid Other income Total income Expenditure on: Salaries, NICs and pensions (3) Leadership and training Charitable gifts Premises expenses Insurance Evangelism and Global Café Administration costs Independent examination Publicity Other costs Property registration Depreciation Total expenditure Net income / (expenditure) Fund balances brought forward Fund balances carried forward	2021 Total funds £ 24,529 20,360 3,310 - 48,199 12,166 - - 6,921 1,750 456 680 420 - 177 2,098 11,253 35,921 12,278 260,932 273,210	2020 Total funds £ 7,935 18,400 1,156 100 27,591 16,405 462 45 9,709 1,535 1,361 874 420 168 (491) - 9,478 39,966 (12,375) 273,307 260,932

All incoming resources and resources expended derive from continuing activities.

The Sherborne Road Church Trust

Balance sheet

as at 31 March 2021 Fixed assets Tangible assets (4) Total fixed assets Current assets Debtors and prepayments (5) Cash at bank and in hand (6) Total current assets Current liabilities: amounts falling due within one year Creditors and accruals (7) Tenants bonds Total current liabilities Net current assets Total assets less current liabilities Net assets Funds Unrestricted funds Total funds	2021 Total £ 258,056 258,056 410 17,050 17,460 906 1,400 2,306 15,154 273,210 273,210 273,210 273,210	2020 Total £ 254,309 254,309 604 8,161 8,765 1,142 1,000 2,142 6,623 260,932 260,932 260,932 260,932

The financial statements were approved by the board of trustees on 28/11/2021

Simon Dennis (Trustee)

The Sherborne Road Church Trust

Notes to the accounts

for the year ended 31 March 2021

1 Accounting policies

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 financial statements have been prepared in accordance 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.

The charity constitutes a public benefit entity as defined by FRS 102. There has been no change to the accounting policies since last year. No changes have been made to the accounts for previous years.

Going concern

The trustees are satisfied that there are no material uncertainties about the charity's ability to continue.

Incoming resources

All incoming resources 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.

Grants and donations

Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.

Where grants are related to performance and specific deliverables, they are accounted for as the charity earns the right to consideration by its performance.

Expenditure and liabilities

Expenditure is recognised on an accrual basis as a liability is incurred. 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 resources and the amount of the obligation can be measured with reasonable certainty.

Tangible fixed assets

Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost over their expected useful economic lives as follows: Freehold land: nil Freehold buildings: over 50 years Improvements to property: 20% reducing balance Furniture and equipment: 20% reducing balance

Fund accounting

All funds are Unrestricted (general) funds and are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

The Sherborne Road Church Trust

Notes to the accounts continued

for the year ended 31 March 2021

2 Grants and donations HMRC Job Retention Scheme Sunbridge Road Mission Bethel Baptist Church City Valley Church Elim Gateway Mount Zion Chapel Bradford Cathedral Other donations 3 Staff costs and numbers Gross salaries Social security costs Employment allowance Pensions	2021 Total funds £ 5,440 350 250 600 1,200 100 250 8,149 16,339 2021 £ 12,166 390 (390) - 12,166	2020 Total funds £ - 390 400 600 1,200 - - 5,345 7,935 2020 £ 15,942 934 (934) 463 16,405

The average number employees during the year was 1.3, being an average of 0.6 full time equivalent (2019: 1, 0.7 FTE).

4	Tangible assets Cost At 1 April 2020 Additions At 31 March 2021 Depreciation At 1 April 2020 Charge for year At 31 March 2021 Net book value At 31 March 2021 At 31 March 2020	- 15,000 15,000 - 3,000 3,000 12,000 - Kitchen Improvements	89,733 - 89,733 66,298 4,687 70,985 18,748 23,435 Property improvements	£ 250,000 - 250,000 20,160 3,360 23,520 226,480 229,840 Freehold land & property	£ 6,295 - 6,295 5,261 206 5,467 828 1,034 Furniture & equipment	Total £ 346,028 15,000 361,028 91,719 11,253 102,972 258,056 254,309

The Sherborne Road Church Trust

Notes to the accounts continued

for the year ended 31 March 2021

5 Debtors Gift Aid 6 Cash at bank and in hand HSBC Community account Deposit Protection Scheme 7 Creditors and accruals Creditors: HMRC Accruals Independent examination Utilities	2021 £ 410 410 2021 £ 15,650 1,400 17,050 2021 £ 370 420 116 906	2020 £ 604 604 2020 £ 7,161 1,000 8,161 2020 £ 361 420 361 1,142

8 Related party transactions

Trustee expenses

No trustee received any expenses during this year or the previous year.

Trustee remuneration and benefits

No trustee received any remuneration or benefit during this or the previous year.