## 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**
1
## 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.
2
## 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)
3
## 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:
- 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
21/11/2022
## **West Yorkshire Community Accountancy Service CIO**
Stringer House 34 Lupton Street Leeds LS10 2QW
4
## 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.
5
## 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)
6
## 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.
7
## 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|
|---|---|---|---|---|---|---|
8
## 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.
9