## **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 - the accounting records were not kept in respect of the trust as required by Section 130 of the Charities Act, or - the accounts do not accord with those records; or - the accounts did 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. Signed Date 24 October 2023 C M Comber ## **Independent Examiner** 7 Quantock Close Rushmere St Andrew Ipswich IP5 1AS 12