The Sherborne Road Church Trust
Charity number 256454
Annual Report and Financial Statements
for the year ended 31 March 2022
The Sherborne Road Church Trust
Annual Report and Financial Statements for the year ended 31 March 2022
| Contents | Page |
|---|---|
| Trustees' report | 2 to 3 |
| Examiner's report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the accounts | 7 to 9 |
Prepared by West Yorkshire Community Accountancy Service CIO
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The Sherborne Road Church Trust
Trustees' report for the year ended 31 March 2022
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 Justin Gill Chair From 28 November 2021 Resigned 31 July 2022 Nkosana Phiri Fiona Robertson Treasurer Resigned 12 November 2020 Simon Dennis Treasurer Joe Czajka Brian Chaka Appointed 13 March 2022 Charity number 256454 Registered in England and Wales
Resigned 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 Accountancy Service CIO 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.
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The Sherborne Road Church Trust
Trustees' report (continued) for the year ended 31 March 2022
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.
As part of its mission, the Trust continued to own a property near the university which is intended to be the place where the main activities of Global Cafe are held. This property also contains flats and storage space, and the entire rental income would normally go into funding Global Cafe. However, in November 2021 one of the tenants of the property was tragically murdered by another tenant and, as a result, the property has been treated as a crime scene and inaccessible since then. As a result, all but one of the flats has been unoccupied and the work of Global Cafe has had to relocate to other premises within the local area.
The Trust's insurers have paid 3 months’ worth of the lost rental income and income has continued to come in from one of the flats which was unaffected by the issues reported above. However, from March 2022 onwards the Trust is having to bear the loss of the majority of its rental income as well as pay some small additional costs for the hiring of alternative facilities. At the time of writing, it is expected that we will regain full access to the property in August or September 2022 and a further review of the future of the property will be carried out at that time.
Subject to the comments above, the Trust continues to maintain the property in accordance with the current legislation and can, for the next 12 months, meet all of its financial obligations thanks to the support of our insurers and individual supporters.
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.
Financial review
Net expenditure for the year was £7,286, all relating to unrestricted funds.
Reserves policy
The charity's free reserves, excluding fixed assets, at the year end were £17,545.
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 maintain that level.
Approved by the board of trustees on 06/11/2022
Simon Dennis (Trustee)
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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 2022, which are set out on pages 5 to 9.
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:
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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
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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
21/11/2022
West Yorkshire Community Accountancy Service CIO
Stringer House 34 Lupton Street Leeds LS10 2QW
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The Sherborne Road Church Trust
Statement of Financial Activities
(including summary income and expenditure account) for the year ended 31 March 2022
| Notes Income from: Grants and donations (2) Rental and council tax income Insurance claim Gift Aid Total income Expenditure on: Salaries, NICs and pensions (3) Leadership and training Premises expenses Insurance Evangelism and Global Café Administration costs Independent examination Other costs Property registration Depreciation Total expenditure Net income / (expenditure) Fund balances brought forward Fund balances carried forward |
2022 Total funds £ 10,482 12,573 3,835 1,574 28,464 9,270 387 10,523 1,793 581 989 420 930 1,180 9,677 35,750 (7,286) 273,210 265,924 |
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 |
|---|---|---|
All incoming resources and resources expended derive from continuing activities.
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The Sherborne Road Church Trust
Balance sheet
| as at 31 March 2022 Fixed assets Tangible assets (4) Total fixed assets Current assets Debtors (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 / (liabilities) Net assets Funds Unrestricted funds Total funds |
2022 Total £ 248,379 248,379 4,416 15,470 19,886 741 1,600 2,341 17,545 265,924 265,924 265,924 |
2021 Total £ 258,056 258,056 410 17,050 17,460 906 1,400 2,306 15,154 273,210 273,210 273,210 |
|---|---|---|
The financial statements were approved by the board of trustees on 06/11/2022
Simon Dennis (Trustee)
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The Sherborne Road Church Trust
Notes to the accounts
for the year ended 31 March 2022
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.
Taxation
As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.
Tangible fixed assets
Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost on a straight line basis 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.
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The Sherborne Road Church Trust
Notes to the accounts continued
for the year ended 31 March 2022
| 2 Grants and donations HMRC Job Retention Scheme Sunbridge Road Mission Bethel Baptist Church City Valley Church Elim Gateway Mount Zion Chapel Bradford Cathedral Kitchen donations Other donations 3 Staff costs and numbers Gross salaries Social security costs Employment allowance Pensions |
2022 Total funds £ - - - 600 1,200 - 250 - 8,432 10,482 2022 £ 9,125 124 (124) 145 9,270 |
2021 Total funds £ 5,440 350 250 600 1,200 100 250 8,190 8,149 24,529 2021 £ 12,166 390 (390) - 12,166 |
|---|---|---|
The average number of employees during the year was 1, being an average of 0.4 full time equivalent (2021: 1, 0.6 FTE).
| **4 ** | Tangible assets Cost At 1 April 2021 Additions At 31 March 2022 Depreciation At 1 April 2021 Charge for year At 31 March 2022 Net book value At 31 March 2022 At 31 March 2021 |
£ 15,000 - 15,000 3,000 2,400 5,400 9,600 12,000 Kitchen improvemen |
£ 89,733 - 89,733 70,985 3,750 74,735 14,998 18,748 Property improvemen |
£ 250,000 - 250,000 23,520 3,360 26,880 223,120 226,480 Freehold buildings |
£ 6,295 - 6,295 5,467 167 5,634 661 828 Furniture & equipment |
Total £ 361,028 - 361,028 102,972 9,677 112,649 248,379 258,056 |
|---|---|---|---|---|---|---|
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The Sherborne Road Church Trust
Notes to the accounts continued
for the year ended 31 March 2022
| 5 Debtors Debtors 6 Cash at bank and in hand Cash at bank 7 Creditors and accruals Creditors Accruals |
2022 £ 4,416 4,416 2022 £ 15,470 15,470 2022 £ 321 420 741 |
2021 £ 410 410 2021 £ 17,050 17,050 2021 £ 486 420 906 |
|---|---|---|
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.
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