Caseware UK (AP4) 2022.0.179 2022.0.179 Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-281538628028false2022-03-01No description of principal activity312023-02-28 05368413 2022-03-01 2023-02-28 05368413 2021-03-01 2022-02-28 05368413 2023-02-28 05368413 2022-02-28 05368413 2022-03-01 05368413 2021-03-01 05368413 c:CompanySecretary1 2022-03-01 2023-02-28 05368413 c:RegisteredOffice 2022-03-01 2023-02-28 05368413 d:CurrentFinancialInstruments 2023-02-28 05368413 d:CurrentFinancialInstruments 2022-02-28 05368413 c:FRS102 2022-03-01 2023-02-28 05368413 c:IndependentExaminationCharity 2022-03-01 2023-02-28 05368413 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 05368413 b:Trustee1 2022-03-01 2023-02-28 05368413 b:Trustee2 2022-03-01 2023-02-28 05368413 b:TotalEndowmentFunds 2022-03-01 2023-02-28 05368413 b:TotalEndowmentFunds 2023-02-28 05368413 b:TotalEndowmentFunds 2022-02-28 05368413 c:ChiefExecutive 2022-03-01 2023-02-28 05368413 b:Activity1 2022-03-01 2023-02-28 05368413 b:Activity2 2022-03-01 2023-02-28 05368413 b:Activity2 2021-03-01 2022-02-28 05368413 b:Activity2 b:TotalEndowmentFunds 2022-03-01 2023-02-28 05368413 b:Activity3 2022-03-01 2023-02-28 05368413 b:Activity3 2021-03-01 2022-02-28 05368413 b:Activity3 b:TotalEndowmentFunds 2022-03-01 2023-02-28 05368413 b:FundraisingEvents b:Activity1 2022-03-01 2023-02-28 05368413 b:FundraisingEvents b:Activity1 2021-03-01 2022-02-28 05368413 b:TotalUnrestrictedFunds 2023-02-28 05368413 b:TotalUnrestrictedFunds 2022-02-28 05368413 b:TotalRestrictedIncomeFunds 2023-02-28 05368413 b:TotalRestrictedIncomeFunds 2022-02-28 05368413 c:FullAccounts 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure

Registered number: 05368413
Charity number: Pending










WORSHIP.WORKS
(A company limited by guarantee)







UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
WORSHIP.WORKS
 
(A company limited by guarantee)
 

CONTENTS



Page
Reference and administrative details of the company, its Trustees and advisers
1
Trustees' report
2 - 4
Independent examiner's report
5
Statement of financial activities
6
Balance sheet
7 - 8
Notes to the financial statements
9 - 15

 
WORSHIP.WORKS
 
(A company limited by guarantee)
 

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 28 FEBRUARY 2023


Trustees
Daniel Ghinn
Mark Lawrence

Company registered number
05368413

Charity registered number
Pending

Registered office
28 Harrow Way
Maidstone
Kent
ME14 5TU

Company secretary
Secretarial Agents Limited

Chief executive officer
Daniel Ghinn

Accountants
IT & Accounting Solutions Limited
Certified Public Accountants
28 Harrow Way
Maidstone
Kent
ME14 5TU

Page 1

 
WORSHIP.WORKS
 
(A company limited by guarantee)
 
  
TRUSTEES' REPORT
FOR THE YEAR ENDED 28 FEBRUARY 2023

The Trustees present their annual report together with the financial statements of the company for the  1 March 2022 to 28 February 2023The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019). 
 

Since the company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
 

Objectives and activities
 

l Policies and objectives
 

Worship.Works is a faith-based organisation supporting individuals, Christian unions, church groups and business organisations with biblical principles, resources and training to enable Christians to thrive in their careers as they put their faith to work, wherever they are.  In short, we train and support Christians for service in the workplace.
A key principle behind Worship.Works is that all followers of Christ are ministers, and our work is worship.
 

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
 

l Strategies for achieving objectives
 

We serve individuals, businesses, Church groups and other organisations through:
* A full-time employed Christian Graduate Programme to equip graduates for a career serving God through work, that includes biblical teaching and application together with practical skills development in a real-world industry setting.
* A curriculum of training courses built on biblical principles and practical experience to equip Christian professionals so that they can put the full extent of their faith into their work, in any setting.
* Speaking, preaching and teaching on biblical principles to equip the Church to be effective as the light of the world, 24/7. Speaking engagements have included groups such as the London Christian Police Family; Global Transformation Conferences; Christian Business Networks; and local Church Congregations.
* Facilitating networking among Christian professionals.
* Supporting faith-based organisations who are recruiting for roles in which a Christian faith is crucial to the post; and helping to connect believers with career opportunities where they will be supported in developing their work-based ministry.
* Online content to encourage and inspire Christians in the workplace.
 

Page 2

 
WORSHIP.WORKS
 
(A company limited by guarantee)
 
Achievements and performance
 

l Review of activities
 

Key activities during the year have comprised:
* Providing training courses to organisations and businesses on work-based ministry.
* Teaching, including speaking and preaching at church meetings, facilitating training courses for business groups, and publishing material online.
* Supporting the recruitment of workplace ministers, through advertising and networking, for placement into roles in businesses.
* Launching a series of in-person meetups for Christians in the workplace, in Maidstone and in Sheffield.
 

Financial review
 

l Going concern
 

After making appropriate enquiries, the Trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
 

l Principal funding
 

Income was received in the form of:
* Payment to cover the cost of recruitment services
* Employment of graduates placed on the Christian Graduate Programme
* Training provision and hosting a training event
* Gifts
 

Structure, governance and management
 

l Constitution
 

Worship.Works is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association dated 17 February 2005.
The objects of the Charity are:
* To see the lives of people in the business community transformed through meeting the Lord Jesus Christ.
* Use business as a tool for financing the spread of the good news about Christ and the growth of his church.
* To encourage each other as Christians in business and to support those with a vision to establish a business.
* To support such charities or such charitable purpose as the Trustees in their absolute discretion think fit.
 

l Methods of appointment or election of Trustees
 

The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association.
 

Page 3

 
WORSHIP.WORKS
 
(A company limited by guarantee)
 
Structure, governance and management (continued)

l Related party relationships
 

Daniel Ghinn is a trustee of both Worship.Works and also a director of Creation Interactive Limited.
 

Members' liability
 

The Members of the company guarantee to contribute an amount not exceeding £10 to the assets of the company in the event of winding up.
 

Statement of Trustees' responsibilities
 

The Trustees (who are also the directors of the company for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).


Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles of the Charities SORP (FRS 102);
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.


The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.


 

Approved by order of the members of the board of Trustees on 19 October 2023 and signed on their behalf by:
 






Daniel Ghinn
Page 4

 
WORSHIP.WORKS

(A company limited by guarantee)
 
 
 
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 28 FEBRUARY 2023

Independent examiner's report to the Trustees of Worship.Works ('the company')

 
I report to the charity Trustees on my examination of the accounts of the company for the year ended 28 February 2023.


Responsibilities and basis of report


As the Trustees of the company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').


Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.


Independent examiner's statement


I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:


1.
accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or

2.
the accounts do not accord with those records; or

3.
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

4.
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].



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.


This report is made solely to the company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008My work has been undertaken so that I might state to the company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company's Trustees as a body, for my work or for this report.





Signed:      Dated: 19 October 2023

Marcel Jung     ICPA (Fellow), FFA/FIPA, FAIA

IT & Accounting Solutions Limited
Certified Public Accountants
Page 5

 
WORSHIP.WORKS
 
(A company limited by guarantee)

 
 
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 28 FEBRUARY 2023


Unrestricted funds
2023
Total
funds
2023
Total
funds
2022
Note
        £
        £
        £

Income from:






Donations and legacies

3

2,858

2,858

150
 
Charitable activities

4

98,753

98,753

65,190
 
Other trading activities

5

-

-

8,292
 
Total income
101,611
101,611
73,632
Expenditure on:






Charitable activities

6

95,290

95,290

69,178
 
Total expenditure
95,290
95,290
69,178

Net movement in funds
  
6,321
6,321
4,454

Reconciliation of funds:

  




Total funds brought forward

  

7,693

7,693

3,239
 
Net movement in funds

  

6,321

6,321

4,454
 
Total funds carried forward
  
14,014
14,014
7,693

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 9 to 15 form part of these financial statements.

Page 6

 
WORSHIP.WORKS
 
(A company limited by guarantee)
REGISTERED NUMBER: 05368413

 
 
BALANCE SHEET
AS AT 28 FEBRUARY 2023


2023
2022
Note
£
£

Fixed assets
  

  
-
-

Current assets
  

Debtors
 11 
1,210
59

Cash at bank and in hand
  
23,884
8,609

  
25,094
8,668

Creditors: amounts falling due within one year
 12 
(11,080)
(975)

Net current assets 
  
 
 
14,014
 
 
7,693

Total assets less current liabilities
  
14,014
7,693

Net assets excluding pension asset 
  
14,014
7,693

Total net assets 
  
14,014
7,693


Charity funds
  

Restricted funds
 14 
-
-

Unrestricted funds
 14 
14,014
7,693

Total funds
  
14,014
7,693

The company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees on 19 October 2023 and signed on their behalf by:

Page 7

 
WORSHIP.WORKS
 
(A company limited by guarantee)
REGISTERED NUMBER: 05368413

 
 
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2023




Daniel Ghinn

The notes on pages 9 to 15 form part of these financial statements.

Page 8

 
WORSHIP.WORKS

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

The company is a charitable company limited by guarantee and is incorporated and domiciled in England. The address of the its registered office is 28 Harrow Way, Maidstone, Kent, ME14 5TU.


2.Accounting policies

  
2.1

Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Worship.Works meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

  
2.2

Income

All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

  
2.3

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the company's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

  
2.4

Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

  
2.5

Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Page 9

 
WORSHIP.WORKS

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)


2.6

Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

  
2.7

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

  
2.8

Pensions

  
2.9

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.


3.

Income from donations and legacies




Unrestricted funds
2023
Total
funds
2023
Total
funds
2022
        £
        £
        £
 


 
Donations

2,858

2,858

150
 

Page 10

 
WORSHIP.WORKS

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

4.

Income from charitable activities




Unrestricted funds
2023
Total
funds
2023
Total
funds
2022
        £
        £
        £




Events

19,667

19,667

10,800
 
Recruitment

79,086

79,086

54,390
 
Total 2023


98,753
98,753
65,190


5.

Income from other trading activities

Income from fundraising events



Total
funds
2023
Total
funds
2022
        £
        £



Rent recovery via sub-let

-

8,292
 


6.

Analysis of expenditure on charitable activities


Summary by fund type




Unrestricted funds
2023
Total
2023
Total
2022
        £
        £
        £




Events

209

209

-
 
Recruitment

95,081

95,081

69,178
 


95,290
95,290
69,178

Page 11

 
WORSHIP.WORKS

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

7.

Analysis of expenditure by activities




Activities undertaken directly
2023
Support costs
2023
Total
funds
2023
        £
        £
        £




Events

209

-

209

Recruitment

81,176

13,905

95,081



81,385
13,905
95,290





Activities undertaken directly
2022
Support costs
2022
Total
funds
2022
        £
        £
        £




Recruitment

56,108

13,070

69,178




8.

Independent examiner's remuneration

2023
2022
£
£

Fees payable to the company's independent examiner for the independent examination of the company's annual accounts
300
250


9.



Staff costs


2023
2022
£
£


Wages and salaries
56,408
22,274

Contribution to defined contribution pension schemes
1,039
-

57,447
22,274

Page 12

 
WORSHIP.WORKS

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

9.Staff costs (continued)

The average number of persons employed by the company during the year was as follows:


2023
2022

No.
No.


Trainees
3
1

No employee received remuneration amounting to more than £60,000 in either year.

The trustees were not paid or reimbursed for expenses during the year.



10.


Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2022 - £NIL).

During the year ended 28 February 2023, no Trustee expenses have been incurred (2022 - £NIL).


11.



Debtors


2023
2022
£
£


Due within one year

Other debtors
-
59

Prepayments and accrued income
1,210
-

1,210
59

Page 13

 
WORSHIP.WORKS

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

12.



Creditors: Amounts falling due within one year


2023
2022
£
£


Trade creditors
182
-

Other taxation and social security
9,682
425

Other creditors
616
-

Accruals and deferred income
600
550

11,080
975


13.



Financial instruments


2023
2022
£
£

Financial assets

Financial assets measured at fair value through income and expenditure
23,883
8,609


Financial assets measured at fair value through income and expenditure comprise cash balances.


14.

Statement of funds


Statement of funds - current year

Balance at 1 March 2022
£
Income
£
Expenditure
£
Balance at 28 February 2023
£

Unrestricted funds





Reserves

7,693

101,611

(95,290)

14,014
 


15.

Summary of funds


Summary of funds - current year

Balance at 1 March 2022
£
 
Income
£
 
Expenditure
£
 
Balance at 28 February 2023
£
 
General funds

7,693

101,611

(95,290)

14,014
 

Page 14

 
WORSHIP.WORKS

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

16.

Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted funds
2023
Total
funds
2023
        £
        £


Current assets

25,094

25,094

Creditors due within one year

(11,080)

(11,080)

Total 


14,014
14,014



17.


Pension commitments

The charitable company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the charitable company in an independently administered fund. The pension cost charge represents contributions payable by the charitable company to the fund and amounted to £1,039 (2022: £ Nil). Contributions totalling £616 (2022: £ Nil) were payable to the fund at the Balance Sheet date.



18.


Related party transactions


2023
2022
£
£



Income received - Creation Interactive Limited
100,811
73,482

Payments to - Creation Interactive Limited
10,182
159

Payroll costs
12,936
-

123,929
73,641

Daniel Ghinn is a trustee of both Worship.Works and also a director of Creation Interactive Limited.
During the year, a total of £101,361 (2022: £73,482) was received as either invoiced services or donations without conditions by Trustees, their spouses, or companies and charities related to the Trustees or key management personnel.
Payments to Creation Interactive Limited relates to rental costs.
Salaries were paid to a relative of a Trustee, but these were made at open market value or on terms equivalent to those that prevail in arm's length transactions and similar to other staff.

Page 15