Logos Scotland - Charities report - 22.2
Logos Scotland - Charities report - 22.2
| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| REPORT OF THE TRUSTEES AND |
| FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 |
| FOR |
| LOGOS SCOTLAND |
| LOGOS SCOTLAND |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 30 June 2022 |
| Page |
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7 | to | 10 |
| LOGOS SCOTLAND (REGISTERED NUMBER: SC665452) |
| REPORT OF THE TRUSTEES |
| for the Year Ended 30 June 2022 |
| The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2022. The trustees have adopted the provisions of 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 2019). |
| OBJECTIVES AND ACTIVITIES |
| Objectives and aims |
| The purposes for which the Charity was established as a legal entity are: (1) The advancement of the Christian religion in Scotland and the world for the public benefit; (2) The promotion of education for the public benefit, in relation to the understanding of the Christian religion, the Biblical worldview and their influence for good on the flourishing of society; (3) Such other charitable purposes as are consistent with and further the attainment of the above objects. |
| Significant activities |
| Logos Scotland has become established during the course of this year and notably has appointed a full time Chief Executive and held a launch event in Edinburgh after the year end to coincide with the publication of its first significant policy report. |
| The Board has continued to meet on a regular basis. The meetings have been a combination of focussed in-person meetings involving the entire Board have been held online with the exception of one occasion when it was possible to assemble in person. Other in-person meetings involving subgroups of Board members have taken place for specific purposes |
| ACHIEVEMENT AND PERFORMANCE |
| Charitable activities |
| The Board has been able to deliver on the creation of a credible platform for the Christian voice to be articulated in Scottish public life and this year has seen development of connections for our Chief Executive (as the main operational arm of the organisation) to build and develop links and lines for communication with Members of the Scottish Parliament. |
| We have been able to demonstrate the output from credible research driven by a persuasive vision to challenge and proactively change culture. |
| We have established research links with Crosslands College. |
| During the year an online presence has been established by means of social media channels (Twitter and WhatsApp) and our website https://logosscotland.org/ There have been regular articles and blog posts uploaded to the web and these have dovetailed with the ongoing face-to-face activity. Our Chief Executive has been enlisted as a regular contributor on various current affairs radio and TV programmes including BBC Scotland's Debate Night. |
| The Board had developed strong lines of financial management and accountability and good communication between Chief Executive and the rest of the Board. |
| FINANCIAL REVIEW |
| Reserves policy |
| The Trustees aim to build and maintain free financial reserves to enable the Company to achieve its charitable objectives. |
| LOGOS SCOTLAND (REGISTERED NUMBER: SC665452) |
| REPORT OF THE TRUSTEES |
| for the Year Ended 30 June 2022 |
| FUTURE PLANS |
| Our first major report "Closed Doors, Open Communities" researched and prepared in the Spring and Summer of 2022 will be published and presented at our launch event to be held in Edinburgh on September 22nd 2022. |
| The Board will meet in person for a two day period in February 2023 to allow strategic decision making to be developed. |
| We also plan to work with another national campaign group (Our Duty of Care) to engage the debate related to the proposed legislation to be presented before the Scottish Parliament to change the law and introduce a form of physician assisted suicide. It is proposed that this will be a primary activity for the early part of 2023. This activity will involve building new partnerships, mobilising opinion from the church community and raising funds for the purpose. |
| We hope to be in a financial position to appoint some additional staff. |
| STRUCTURE, GOVERNANCE AND MANAGEMENT |
| Governing document |
| The organisation is a charitable company limited by Guarantee, incorporated on 29 June 2020. The Company was established under a Memorandum and Articles of Association which established the objects and powers of the company and is governed under its Articles of Association. In the event of the Company being wound up members are required to contribute an amount not exceeding £1. |
| Recruitment and appointment of new trustees |
| On appointment new Trustees will be fully instructed on the aims and objects and the methods of operation of the charity. |
| It is hoped to strengthen the Board by making a new appointments aimed to introduce a younger demographic and strengthen our media focus. |
| REFERENCE AND ADMINISTRATIVE DETAILS |
| Registered Company number |
| Registered Charity number |
| Registered office |
| Trustees |
| LOGOS SCOTLAND (REGISTERED NUMBER: SC665452) |
| REPORT OF THE TRUSTEES |
| for the Year Ended 30 June 2022 |
| REFERENCE AND ADMINISTRATIVE DETAILS |
| Independent Examiner |
| A Cumming |
| Institute of Chartered Accountants of Scotland |
| Mann Judd Gordon Ltd |
| Chartered Accountants |
| 26 Lewis Street |
| Stornoway |
| Isle of Lewis |
| HS1 2JF |
| Approved by order of the board of trustees on |
| INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF |
| LOGOS SCOTLAND |
| I report on the accounts for the year ended 30 June 2022 set out on pages five to ten. |
| Respective responsibilities of trustees and examiner |
| The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention. |
| Basis of the independent examiner's report |
| My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. 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 I do not express an audit opinion on the view given by the accounts. |
| Independent examiner's statement |
| In connection with my examination, no matter has come to my attention : |
| (1) | which gives me reasonable cause to believe that, in any material respect, the requirements |
| - | to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and |
| - | to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations |
| 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. |
| A Cumming |
| Institute of Chartered Accountants of Scotland |
| Mann Judd Gordon Ltd |
| Chartered Accountants |
| 26 Lewis Street |
| Stornoway |
| Isle of Lewis |
| HS1 2JF |
| 21 March 2023 |
| LOGOS SCOTLAND |
| STATEMENT OF FINANCIAL ACTIVITIES |
| for the Year Ended 30 June 2022 |
| Period |
| 29.6.20 |
| Year Ended | to |
| 30.6.22 | 30.6.21 |
| Unrestricted | Total |
| fund | funds |
| Notes | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies |
| EXPENDITURE ON |
| Charitable activities |
| NET INCOME |
| RECONCILIATION OF FUNDS |
| Total funds brought forward |
| TOTAL FUNDS CARRIED FORWARD | 41,567 |
| LOGOS SCOTLAND (REGISTERED NUMBER: SC665452) |
| BALANCE SHEET |
| 30 June 2022 |
| 30.6.22 | 30.6.21 |
| Unrestricted | Total |
| fund | funds |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 6 |
| CURRENT ASSETS |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| NET ASSETS |
| FUNDS | 8 |
| Unrestricted funds | 41,567 |
| TOTAL FUNDS | 41,567 |
| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 in accordance with Section 476 of the Companies Act 2006. |
| The trustees acknowledge their responsibilities for |
| (a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
| These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
| The financial statements were approved by the Board of Trustees and authorised for issue on |
| LOGOS SCOTLAND |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 30 June 2022 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
| Income |
| All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. |
| Expenditure |
| Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. |
| Tangible fixed assets |
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
| Computer equipment | - |
| Taxation |
| The charity is exempt from corporation tax on its charitable activities. |
| Fund accounting |
| Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. |
| Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. |
| Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. |
| Pension costs and other post-retirement benefits |
| The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. |
| LOGOS SCOTLAND |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 June 2022 |
| 2. | NET INCOME/(EXPENDITURE) |
| Net income/(expenditure) is stated after charging/(crediting): |
| Period |
| 29.6.20 |
| Year Ended | to |
| 30.6.22 | 30.6.21 |
| £ | £ |
| Depreciation - owned assets |
| 3. | TRUSTEES' REMUNERATION AND BENEFITS |
| There were no trustees' remuneration or other benefits for the year ended 30 June 2022 nor for the period ended 30 June 2021. |
| Trustees' expenses |
| There were no trustees' expenses paid for the year ended 30 June 2022 nor for the period ended 30 June 2021. |
| 4. | STAFF COSTS |
| The average monthly number of employees during the year was as follows: |
| Period |
| 29.6.20 |
| Year Ended | to |
| 30.6.22 | 30.6.21 |
| Charitable activities |
| 5. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
| Unrestricted |
| fund |
| £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies |
| EXPENDITURE ON |
| Charitable activities |
| NET INCOME |
| TOTAL FUNDS CARRIED FORWARD | 41,567 |
| LOGOS SCOTLAND |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 June 2022 |
| 6. | TANGIBLE FIXED ASSETS |
| Computer |
| equipment |
| £ |
| COST |
| Additions |
| DEPRECIATION |
| Charge for year |
| NET BOOK VALUE |
| At 30 June 2022 |
| At 30 June 2021 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.6.22 | 30.6.21 |
| £ | £ |
| Social security and other taxes |
| Pension | 333 | - |
| Accrued expenses |
| 8. | MOVEMENT IN FUNDS |
| Net |
| movement | At |
| At 1.7.21 | in funds | 30.6.22 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 41,567 | 14,114 | 55,681 |
| TOTAL FUNDS | 14,114 | 55,681 |
| Net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 52,250 | (38,136 | ) | 14,114 |
| TOTAL FUNDS | ( |
) | 14,114 |
| LOGOS SCOTLAND |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 June 2022 |
| 8. | MOVEMENT IN FUNDS - continued |
| Comparatives for movement in funds |
| Net |
| movement | At |
| in funds | 30.6.21 |
| £ | £ |
| Unrestricted funds |
| General fund | 41,567 | 41,567 |
| TOTAL FUNDS | 41,567 | 41,567 |
| Comparative net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 41,587 | (20 | ) | 41,567 |
| TOTAL FUNDS | 41,587 | (20 | ) | 41,567 |
| 9. | RELATED PARTY DISCLOSURES |