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2022-12-31-accounts

KESGRAVE CHURCH OF ENGLAND

CHARITY

(Registered Charity No. 1015051)

ACCOUNTS FOR THE YEAR ENDED 31 December 2022

AND

BALANCE SHEET AS AT THAT DATE

Charity Trustees’ Meeting held on 26th October 2023

1

KESGRAVE CHURCH OF ENGLAND CHARITY.

Annual Accounts For the Year Ended 31 December 2022.

INDEX

Contents Page
Members of the Board and Charity Details 3
Trustee’s Report 4
Statements of Financial Activities 5 - 7
Balance Sheet 8
Notes to the Financial Statements 9 - 11
Independent Examiner’s Report 12

2

KESGRAVE CHURCH OF ENGLAND CHARITY.

Annual Accounts For the Year Ended 31 December 2022.

The Board of Trustees

The Board of Trustees Rev. R. Spittle Chairman (retired 13/11/2022)
Church Wardens;
Mr Robert Bullamore Trustee
Mrs Karen Pringle Trustee
Secretary / Treasurer Mrs Karen Pringle
Charity Address C/o Mrs K Pringle
28 Fox Lea
Kesgrave
IPSWICH
IP5 2YU
Charity’s Bankers Co-operative Bank – Current Account
M & G Charifund & Charibond Investment Account
Hampshire Trust
Barclays Business Direct
Purpose and Objectives of Charity The Trust was registered as a Charity on the
7thJanuary, 1988 with the express purpose of
using all of its income, including that accruing
from the tenanted occupation of its assets
(i.e. land and buildings as detailed elsewhere in
these Accounts) in the furtherance of the
religious and other charitable work of the
Church of England in the ecclesiastical parish of
All Saints C. of E. Church, Kesgrave.

The trustees of the charity are the incumbent vicar of the parish and the two church wardens. These appointments are automatically updated following the Annual Parochial Church Council meeting held in April of each year.

3

KESGRAVE CHURCH OF ENGLAND CHARITY.

Trustees Report For the Year Ended 31 December 2022.

The charity has continued its work providing activities for families with young children from Kesgrave in line with the purpose and objectives of the charity. The trustees are mindful of the Charity Commission’s guidance on furthering the charitable purposes for the public benefit.

The main activity continues to be support for the provision of family work within Kesgrave and the surrounding area.

The Fred Upson Hall continues to be hired out to local people and community groups and at the beginning of 2022 a government covid grant was received to cover loss of revenue during the winter of 2021 when the hall was closed. This grant was very welcome and is being used for one off items of expenditure in relation to the hall. Excess income generated from the hall goes into the general fund and supports the family work.

In April 2022 a Ukrainian Hub was opened using the Fred Upson Hall as its base. This was to support the Ukrainian people who had come as refugees as a result of the war in Ukraine. The work continues in 2023.

During 2022 the charity met its obligations with regards to providing pensions for employees. At present no employees meet the minimum criteria for automatic enrolment in the charity’s pension scheme.

…………………………………. Robert Bullamore Trustee and Churchwarden

4

KESGRAVE CHURCH OF ENGLAND CHARITY.

STATEMENT OF FINANCIAL ACTIVITIES For the Year Ended 31 December 2022.

Notes
INCOMING RESOURCES
Donations and Legacies
Unrestricted Donations
Youth Worker Support;
All Saints parishioners and charities
SPARK
Charitable activities
Family Work
Ukrainian Hub
3G Wellbeing
Investments
Dividends
M & G Investments
Charibond Dividends
Charifund Dividends
Interest
Hampshire Trust
Barclays
Rent Income from Property
Roundabout Day Nursery
Royal British Legion
Fred Upson Hall – Hire Income
Covid Grant
TOTAL		 2022
2021
Unrestricted
Restricted
Endowment
Total
Total
Funds
Funds
Funds
Funds
Funds
£
£
£
£
£
-
-
-
-
1,107
-
3,606
-
3,606
3,120
-
1,500
-
1,500
750
-
-
-
-
242
-
13,496
-
13,496
-
238
-
-
238
-
3,041
-
-
3,041
3,456
313
-
-
313
279
534
-
-
534
121
8
-
-
8
121
1,039
-
-
1,039
896
-
-
-
-
364
6,467
-
-
6,467
2,080
2,667
2,667
-
£14,307
£18,602
£0
£32,909
£12,415

5

KESGRAVE CHURCH OF ENGLAND CHARITY.

STATEMENT OF FINANCIAL ACTIVITIES For the Year Ended 31 December 2022.

Notes
RESOURCES EXPENDED
Raising Funds
Investment management costs
Insurance
Fred Upson Hall running exp
Fred Upson Hall – Depreciation
Estate Maintenance
Charitable activities
Costs of activities in furtherance of
the Charity’s stated objectives: -
Families Worker Salaries
Youth Worker - Trainee
Family Work Expenses
3G Wellbeing
Clergy Expenses
Ukrainian Hub
BroomTree Café (SPARK)
TOTAL		 2022
2021
Unrestricted
Restricted
Endowment
Total
Total
Funds
Funds
Funds
Funds
Funds
£
£
£
£
£
1,186
-
-
1,186
1,068
3,771
-
-
3,771
1,015
2,000
-
2,000
2,000
-
-
-
-
378
4,779
3,898
-
8,677
7,647
-
-
-
-
4,044
187
-
-
187
214
528
-
-
528
-
38
-
-
38
-
-
2,119
-
2,119
-
-
2,250
-
2,250
-
£10,489
£10,267
£ 0
£20,756
£16,366

6

KESGRAVE CHURCH OF ENGLAND CHARITY.

STATEMENT OF FINANCIAL ACTIVITIES SUMMARY For the Year Ended 31 December 2022.

Notes
INCOMING RESOURCES
Deduct Resources Expended;
RESOURCES EXPENDED
Net income/(expenditure) before
Investment gains/losses
Net gains/(losses) on investments
Charibond
Charifund
Net Income/(expenditure)
Transfers between Funds
Net Movement in Funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 2022
2021
Unrestricted
Restricted
Endowment
Total
Total
Funds
Funds
Funds
Funds
Funds
£
£
£
£
£
14,307
18,602
-
32,909
12,415
10,489
10,267
-
20,756
16,366
3,818
8,335
-
12,153
(3,951)
-
-
(17,776)
(17,776)
(5,958)
(327)
-
-
(327)
692
3,491
8,335
(17,776)
(5,950)
(9,217)
-
-
-
-
-
3,491
8,335
(17,776)
(5,950)
(9,217)
8,876
49,657
235,523
294,056
303,273
£12,367
£57,992
£217,747
£288,106
£294,056

7

KESGRAVE CHURCH OF ENGLAND CHARITY.

BALANCE SHEET As at 31 December 2022.

2022 2021
Unrestricted Restricted Endowment Total Total
Funds Funds Funds Funds Funds
Notes £ £ £ £ £
Fixed Assets
Buildings 4 -
44,000		 - 44,000 46,000
Current Assets
Debtors 839
-		 - 839 -
Payments in Advance 113
-		 - 113 -
Current Asset Investments;
M & G Charibond -
-		 149,712 149,712 167,488
M & G Charifund Account -
5,540		 - - 5,867
Hampshire Trust -
3,549		 68,035 71,584 71,049
Barclays Business Direct -
-		 - - 1,543
Cash at Bank and in hand;
Co-op Current Account 11,446
4,903		 - 16,349 2,237
Cash 35
-		 - 35 78
12,433
13,992		 217,747 244,106 248,262
Current Liabilities
Creditors: amounts falling due within
one year 5 (66) - - (66) (206)
Net Current Assets 12,367
13,992		 217,747 244,106 248,056
TOTAL NET ASSETS £12,367
£57,992		 £217,747 £288,106 £294,056
Funds of the Charity 6
General Fund 12,367
-		 - 12,367 8,876
Restricted Fund -
57,992		 - 57,992 49,657
Endowment Fund -
-		 217,747 217,747 235,523
£12,367
£57,992		 £217,747 £288,106 £294,056
Approved by:
Mrs K Pringle Honorary ----------------------------------------
Treasurer
Mr R Bullamore
Honorary ----------------------------------------
Date Chairperson

The Notes on Pages 9 - 11 form part of these Financial Statements

8

KESGRAVE CHURCH OF ENGLAND CHARITY.

Notes to the Accounts For the Year Ended 31 December 2022.

1. Basis of preparation
Basis of Accounting These accounts have been prepared on the basis of historical cost except
that the Charibond and Charifund are shown at current value 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) issued on 16 July 2014
•
the Financial Reporting Standard applicable in the United
Kingdom and Republic of Ireland (FRS 102)
•
And with the Charities Act 2011
The Charity constitutes a public benefit entity as defined by FRS102
These financial statements comply with FRS102 Section 1A small
entities
Change in Basis The accounts present a true and fair view and the accounting policies
are those outlined in note 2. There has been no change to the accounting
policies, valuation rules and methods of accounting since last year
2. Accounting Policies
Recognition of incoming These are included in the Statement of Financial Activities (SoFA)
resources when
•
The charity becomes entitled to the resources
•
The trustees are virtually certain they will receive the
resources
•
The monetary value can be measured with sufficient reliability
Offsetting There has been no offsetting of assets and liabilities, or income and
expenses, unless required or permitted by the FRS 102 SORP or FRS
102.
Grants and Donations Grants and Donations are only included in the SoFA when the charity
has evidence of entitlement, receipt is probable and the amount can be
measured reliably. Grants are only included when any terms or
conditions attached to the grant have been met.
Investment Income This is included in the accounts when receipt is probable and the amount
receivable can be measured reliably.
Investment Gains and This includes any realised or unrealised gain or loss on the sale of
Losses investments and any gain or loss resulting from revaluing investments
to current market value at the end of the year.
Tangible Fixed Assets These are capitalised if they can be used for more than one year and are
valued at cost. Depreciation methods are shown in the appropriate note.
Fixed Asset Investments Fixed asset investments in quoted shares, traded bonds and similar
investments are valued at initially at cost and subsequently at fair value
(their market value) at the year end. The same treatment is applied to
unlisted investments unless fair value cannot be measured reliably in
which case it is measured at cost less impairment.
Investments held for resale or pending their sale and cash and cash
equivalents with a maturity date of less than 1 year are treated as current
asset investments.
Current Asset Investments The charity has investments which it holds for resale or pending their sale
and cash and cash equivalents with a maturity date less than one year.
These include cash on deposit and cash equivalents with a maturity date
of less than one year held for investment purposes rather than to meet
short term cash commitments as they fall due. They are valued at fair
value except where they qualify as basic financial instruments.
Creditors The charity has creditors which are measured at settlement amounts less
any trade discounts.

9

KESGRAVE CHURCH OF ENGLAND CHARITY.

Notes to the Accounts For the Year Ended 31 December 2022.

3. Employees

At
Gross wages
Employers National Insurance
Pension Costs		 the end of 2022 the Charity had 4 paid part-time employees.
2022
2021
Unrestricted
Restricted
Endowment
Total
Total
Funds
Funds
Funds
Funds
Funds
£
£
£
£
£
6,446
3,898
-
10,344
7,820
-
-
-
-
-
-
-
-
-
-
£6,446
£3,898
£ -
£10,344
£ 7,820

No employee received employee benefits for the reporting period of more than £60,000.

This year no employees satisfied the criteria for a pension under autoenrolment. The pension fund is held with NEST.

4. Tangible Fixed Assets

The Charity owns freehold land adjacent to All Saints Church leased to the Roundabout Day Nursery.

These accommodations are held in perpetuity at the discretion of the Charity’s Trustees and are currently subject to rental agreements with tenants of the Charity’s choice. All income accruing from such rental arrangements are accounted for as and when received and are credited to the General Fund in accordance with normal practice. The land has not been valued for these accounts.

Fred Upson Hall is being depreciated over 25 years on a straight line basis.

Land and Buildings
Cost
At 1 January 2022
Additions
At 31 December 2022
Depreciation
At 1 January 2022
Provided in the year
At 31 December 2022
Net Book Value at 31 Dec 2022
Net Book Value at 31 Dec 2021		 2022
£
50,000
-
£ 50,000
4,000
2,000
£ 6,000
£ 44,000
£ 46,000		 2021
£
50,000
-
£ 50,000
2,000
2,000
£ 4,000
£46,000
£ 48,000

Depreciation is provided to write down the cost of the assets over their useful lives. The rates are: Land and Buildings over 25 years (SL)

10

KESGRAVE CHURCH OF ENGLAND CHARITY.

Notes to the Accounts For the Year Ended 31 December 2022.

5.
Creditors
Fred Upson Hall Expenses
6.
Charity Funds
Wainwright Way
PE
Family Work
R
Wainwright Way
PE
Fred Upson Hall
R
Rwanda Trip
R
Quiz Night
R
Family Work
R
Broom Tree Café
R
Ukrainian Hub
R
Other Funds
n/a
Wainwright Way
PE
Fred Upson Hall
R
Rwanda Trip
R
Quiz Night
R
Family Work
R
Broom Tree Café
R
Other Funds
n/a		 2022
2021
£
£
66
206
£66
£206
Money raised from the sale of this property becomes a
permanent endowment and must be invested in Trust with only
the interest being available to further the objectives of the charity
3 Part-time children’s workers’ salaries are paid by the charity
Fund
Fund
At 1 Jan
2022
Incoming
resources
Outgoing
resources
Gains/
Losses/
Transfers
At 31
Dec 2022
235,523
-
-
(17,776)
217,747
46,000
-
(2,000)
-
44,000
2,119
-
-
-
2,119
496
-
-
-
496
292
3,606
(3,898)
-
-
750
1,500
(2,250)
-
-
0
13,496
(2,119)
-
11,377
8,876
14,307
(10,489)
(327)
12,367		 2021
£
206
£206
£294,056
£32,909
(£20,756)
(£18,103)
£288,106
Fund
Fund
At 1 Jan
2021
Incoming
resources
Outgoing
resources
Gains/
Losses/
Transfers
At 31
Dec 2021
241,481
-
-
(5,958)
235,523
48,000
-
(2,000)
-
46,000
2,119
-
-
-
2,119
496
-
-
-
496
264
242
(214)
-
292
750
-
-
750
10,913
8,303
(11,032)
692
8,876
£303,273
£12,415
(£16,366)
(£5,266)
£294,056

7. Transactions with Trustees and Related Parties

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity

No trustee expenses have been incurred.

There have been no related party transactions in the year.

11

KESGRAVE CHURCH OF ENGLAND CHARITY.

Annual Accounts

For the Year Ended 31 December 2022.

Independent examiner’s report to the trustees of Kesgrave Church of England Charity

Respective responsibilities of trustees and examiner; -

I report to the trustees on my examination of the accounts of the above charity for the year ended 31 December 2022.

As the charity trustees of the trust, 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 trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed 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

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.

Signed

Date 24 October 2023

C M Comber

Independent Examiner

7 Quantock Close Rushmere St Andrew Ipswich IP5 1AS

12