2022-03-31-accounts - The Saved To Serve Trust

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

REGISTERED CHARITY NUMBER : 516903

SAVE TO SERVE TRUST

FINANCIAL STATEMENTS

Year ended 31 March 2022

Andrew M. Girling & Co. Chartered Certified Accountants

11 High Street, Ruddington, Notts., NG11 6DT

Tel. : 0115 921 4035 / Fax : 0115 921 4037

SAVE TO SERVE TRUST FINANCIAL STATEMENTS Year ended 31 March 2022

Contents

Description	Page
Charity Particulars	2
Trustees Report	3 - 4
Treasurers Report	5
Independent Examiners Report	6
Income and Expenditure Account	7
Balance Sheet	8
Notes to the Accounts	9 - 11

SAVE TO SERVE TRUST FINANCIAL STATEMENTS Year ended 31 March 2022

CHARITY PARTICULARS

Registered Charity No : 516903 Independent Examiners : 3 Church Street Ruddington Nottinghamshire NG11 6HA Independent Examiners : Andrew M. Girling & Co. Chartered Certified Accountants 11 High Street Ruddington Nottinghamshire NG11 6DT Bankers : Barclays Bank Tudor Square West Bridgford Nottinghamshire NG2 6BT

SAVE TO SERVE TRUST FINANCIAL STATEMENTS Year ended 31 March 2022

TRUSTEES REPORT

Introduction

The Saved to Serve Trust, is a registered charity and as such in accordance with current legislation, has a responsibility to its members to show that the aims of the trust are met. The trust registration number is 516903.

Aims of Trust

Summarised, these are for the relief of need, hardship and distress in both local and international areas.

Trustees

The trustees during the year and at the year end were:

Valma Morley Kirsten Bairstow Robb (Treasurer) Chris Parton (Chairman) Zoë Parton (Shop Manager) Jo Kythreotis Audrey Prior Julian Eve

The Trustees always open meetings with scripture and prayer as we are about The Lords work, equally and for the same reason shop helpers are encouraged to start their session with a time of prayer.

Financial Reports and Affairs

Attached are the income and expenditure accounts for the year along with the Treasurers' report. In addition to the financial giving the Trust continues to be involved both locally and worldwide. For understandable reasons many of our gifts need to be kept confidential, further details of our giving is shown in the Treasurer's report.

The Honeycomb Shop

The Honeycomb is in an ideal position for us to outreach to Ruddington. The Honeycomb shop also carries a responsibility to be a good Christian witness and to this end also stocks Christian literature and cards. The Honeycomb continues to be a very busy place with many people involved in both, serving at the counter but also behind the scenes, sorting and sifting all the many donations we receive and then displaying in the shop for sale.

Continued…

SAVE TO SERVE TRUST FINANCIAL STATEMENTS Year ended 31 March 2022

TRUSTEES REPORT (Continued...)

Continued…

It continues to be a joy and privilege when we can help those in need both abroad, nationally and locally

The beginning of the financial year we continued to prioritised local request giving first while still being able to give some funding to national and international works. At the beginning of the new financial year we opened after Easter with new hope after the pandemic –encouraged by the grants given us by the government and local borough council

Some of our international giving we have been able to send funds to some to projects that we have supported long term : The Tender Heart Foundation- ministering to the poor in Goa, India and also a project in Romania under a organisation called OAC Romaina. Also we were able to give to the work Starfish Malawi . We continue to send regular clothing parcels to Raquel and Max Candida who support the underprivileged in Peru. Smaller gifts have been made to a local charities needing support –such as Notts County Council Children’s Services –Afghanistan Refugees in Britain Fund – Care ForThe Family Charity and various individual needs and requests.

In addition unsold items go to help various charities and organisations such the Friary Drop In West Bridgford Nottingham.

We increased our funding through some ongoing sales from our Ebay shop and Hansons Auctioneers

Special events such as the Village Christmas Fayre which has become an annual event has added revenue to our funds .

We are always about the Lord's work to provide encouragement, or a listening ear, or offer prayer to bring the message of God's Love to the village and our visitors to Honeycomb

We pray that His work will continue to His Glory

C. Parton

Chairman

Date ________

SAVE TO SERVE TRUST FINANCIAL STATEMENTS Year ended 31 March 2022

TREASURERS REPORT

Financial Review for the year

This has been an encouraging year for the Saved to Serve Trust following the difficult times of the previous year with the Covid pandemic. As the world has adjusted to living with Covid, the Honeycomb shop has continued to trade and we have been blessed with generous donations of clothes, books and bric a brac

Although the annual income was down this year (£32,767 compared to £37,112 in 2021) the government support for businesses in the previous year bolstered the income to a level more than we would have ordinarily of expected.

Although our income was down, we were able to give away an increased amount in the way of gifts to those people in need both locally and abroad. Giving this year was £6,480 in 2022 compared to just £1090 in 2021.

As Trustees we continue to put our faith in God and trust that he will direct the future of the shop. We recognise the privilege it is to continue to have a trading shop on the high street where we can share the love of God and meet the needs of those locally and further afield.

K. Bairstow-Robb Treasurer

Date ________

SAVE TO SERVE TRUST FINANCIAL STATEMENTS

Year ended 31 March 2022

TREASURERS REPORT

We report on the accounts for the charity for the year ended 31st March 2022, which are set out on pages 7 to 11.

Respective responsibilities of Trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required under section 43(2) of the Charities Act 1993 and that an independent examination is needed.

It is my responsibility to;

examine the accounts under section 43 of the 1993 Act;

• follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 43 (7)(b) of the 1993 Act); and

State whether particular matters have come to my attention

Basis of Independent examiner's report

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the Accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'True and Fair view' and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with our examination, no matter has come to my attention;

1). Which gives us reasonable cause to believe that in any material respect the requirements

• to keep accounting records in accordance with section 41 of the 1993 Act; and

to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 1993 Act have not been met; or

2). to which in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Date: ______

Andrew M. Girling & Co.

Chartered Certified Accountants 11 High Street Ruddington Nottingham NG11 6DT

SAVE TO SERVE TRUST FINANCIAL STATEMENTS Year ended 31 March 2022

INCOME & EXPENDITURE ACCOUNT

£ 32,767 1,169	£ 33,935 2,575 2022	£	£ 11,113 25,999	£ 37,112 1,290 2021	£
2,575			1,290
8,424 12,756 2,560 941 490 183 270 373 88 829 - 451 6,480 90			8,181 14,966 1,800 724 28 89 400 49 11 738 - 582 1,090 106
	34,070			28,765
		2,710 -			7,057

SAVE TO SERVE TRUST FINANCIAL STATEMENTS

Year ended 31 March 2022

BALANCE SHEET

£ 15,620 2022	£ 15,620 23,948	£ 15,710 2021	£ 15,710 26,658

8,999 670		11,589 640



	23,949		26,658
	26,658 2,710 -		19,601 7,057
	23,949		26,658

SAVE TO SERVE TRUST FINANCIAL STATEMENTS Year ended 31 March 2022

Notes to the Accounts

1 ACCOUNTING POLICIES

Accounting Convention

The financial statements have been prepared on a receipts and payment basis, which is consistent with previous years.

Compliance with Accounting Standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and have been applied consistently (except otherwise stated).

Turnover

The Income shown in the income and expenditure statement represents amounts received during the year.

Depreciation

Depreciation is calculated so as to write off the cost of an asset over the useful economic life of that asset as follows;

Fixtures & Fittings

15% Reducing Balance

SAVE TO SERVE TRUST FINANCIAL STATEMENTS Year ended 31 March 2022

Notes to the Accounts

3 TANGIBLE FIXED ASSET REGISTER

Property Investments £ 15,109 - -	Fixtures & Fittings £ 3,238 - -	TOTAL £ 18,347 - -
15,109	3,238	18,347
- - -	2,637 90 -	2,637 90 -
-	2,727	2,727

15,109	511	15,620
15,109	601	15,710

SAVE TO SERVE TRUST FINANCIAL STATEMENTS Year ended 31 March 2022

Notes to the Accounts

3 PREPAYMENTS

3 PREPAYMENTS
Rent Water Rates Subscriptions Insurance 4 ACCRUALS Accountancy Bookkeeping	2022 £ 1,250 71 67 1,370 2,758 2022 £ 550 120 670	2021 £ 1,250 36 77 328
		1,691 2021 £ 520 120
		640