REGISTERED CHARITY NUMBER: 1040472 TRUSTEES, REPORT AND UI¥4AUDITED FIIYANCJAL STATEMEIYTS FOR THE YEAR ENDED 31 DECEMBER 2023 FOR ST WILFRIDS CHURCH TRUST
ST WILFRIDS CHURCH TRUST CONTEN'fs OF THE FINANCIAL STATEMENTS for the Year Ended 31 December 2023 Page Trustees, Report Independent Examlner's Report Statement of Flnanclal Acdvltle8 Statement of Fln*ncl41 Posltlon Notes to the Flnan¢lg1 Statementi 5 to 10 Detalled Statement of Flnydnclal A¢tlvltle$
ST WILFRIDS CHURCH TRUST TRUSTEES, REPORT for the Year Ended 31 December 2023 The trustees pr&sent their report with the financial statements of the charity for the year ended 31 December 2023. The trusle¢s have adopted th¢ 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) (effeclive l January 2019). STRUCTURE. GOVERNANCE AND MANAGEMEI¥4T Governlng document The object of the T$1. as set out fully in the Truqt Deed, is lo preserve, maintain and improve the Church of Si Wilfrids, Standish. the building. th¢ churchyard and the fixtures and fittings. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charlty number 1040472 Prln¢lp*l Vdddre$$ Parish Hall Standish Wigan WN6 OXF Trujteeg A Holliday D Johnson K Ashton Mr8 L Hulme Independent ExAmln¢r John Leech FCCA 4 Shevington Moor Standish Wigan Lancashire WN6 OSA Approved by order of the board of trusl¢e8 on ... and Sign on its behalf by: ay - Trustee Page I
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ST WILFRIDS CHURCH TRUST Independent examiner's report to the trustees of St Wilfrids Church Trust I report lo the charity Irustees on my examination of Ihc accounts of Si Wilfrids Church Trust {thc Trust) for Ihe year ended 31 December 2023. Respon5ibilitles And bas15 of report As the charily Irust¢¢s of the Trust you are responsible for the preparation of the accounts in accordance with the requirernents of the Charities Act 2011 {'Ihe Act,). I report in respect of my examination of the Trust's accountq carried out under Section 145 of the Acl and in carrying out my examination I have followed all applicable Directions given by the Charity Commibsion under Section l45(5)(b) of the Act. Independent exrdmlner's Statement I have compleied my examinalion. I confim thal no material mattcrs have come to my atlention in Conntion with the examinalion giving me cau.%e to believe that in any maierial respect.. accounting records were not kept in respect of the Trust as required by Section 130 of the Act. or the 4iccounls do not accord with those records; or the a¢counts do not comply with the applicable requir¢mcnts concerning th¢ form and conlent of accounts set oul in the Charities (Accounts and Reports) Regulations 2008 oiher Ihan any requirement that th¢ accounts give a truc 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 drdwn in this r¢port in ordcr to enable a proper undersianding of the accounts to be reached. John Lttch FCCA 4 Shevington Moor Standish Wigan Lancashire WN6 OSA Date: Page 2
ST WILFRIDS CHURCH TRUST STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 DeceRnber 2023 2023 Total fund$ 2022 Total funds Unrestricted fund Project fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 10,136 68,227 78,363 30.826 Investment income Totydl 85.272 EXPENDITURE ON Ralslng funds Raising donations and legacies 36,462 36.462 36.462 ChArltable Acdvltle$ Charitable cost8 52,910 52,910 19,019 Other 125 Total Net gains1{losses) on investments 15.115) NET INCOMEI(EXPENDITURE) TrAnsfer$ betsveen funds (28,748) 200 000) 31.765 200 000 3,017 377 et movement In funds (228.748) 231,765 3,017 377 RECONCILIA TIOIY OF FUNDS Total funds brought forward 419,215 419,215 418,838 TOTAk FUyDS,CARRIED F RWARD 190 467 231765 422 232 419215 The notes forni part of these financial statements Page 3
ST WILFRIDS CHURCH TRUST STATEMEIYT OF FINANCIAL POSITION 31 Dee¢mber 2023 2023 Total funds 2022 Total funds Unrestricted fund Project fund Notes FIXED ASSETS Investments 62,242 62,242 105,125 CURRENT ASSETS Debtors Cash at bank 988 131848 988 363.613 41 315 116 231765 132,836 231,765 364.601 315,157 CREDITORS Amount.s falling due within one year io (4,611) (4.611) (1,067) NET CURRKNT ASSETS 128 225 231765 359 990 314 090 TOTAL ASSETS LESS CURRENT LIABILITIES 190.467 231,765 422,232 419.215 NET ASSETS 190.467 231.765 422 232 419.215 FUNDS Unrebtricted funds: General fund Resiricied funds: Projecls fund 190,467 419,215 231765 TOTAL FUNDS 422,232 419215 The financial statements were approved by the Board of Trustees and authorised for issue on and wer¢ sign¢d on its behalf by: Iday Trustee D Johnson - rustee The nol¢s form part of these financial statements Page 4
ST WILFRIDS CHURCH TRUST NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 December 2023 ACCOUNTINC POLICIES Basls of prepArlng the flnanclal statement8 The financial statements of the charity. 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 a¢¢ordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effe¢live l January 2019),. Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. Thc financial statements have been prepared under the historical cost convention, with the cxception of investments which are included at markel value. as modified by the rcvalualion of certain assets. Income All income is recognised in the Statement of Financial Activitieq on¢e the charity has entitlement to the funds. it is probable that the income will be received and the amount can be measured reliably. Expendlture Liabiliti¢% are rccognised as expenditure a$ soon as there is a legal or constructive obligation committing the charity to that cxpendilure, it is probable that a trangfer of economic benefi¢% will be required in settlement and the amouni of the obligation can be measured reliably. Expenditure 18 accounted for on an accruals basis and been clas%ifi¢d under headings that agbyrebyate all cost related lo the category. Where costs cannot be directly attributed to particular heading5 they have been allocated io activities on a basi?Tr consistent with the use of resources. TAnglbl¢ fixed Assets Depreciation ib provided at the following annual rates in order to write off each asset over its estimated useful life. Fixtures and fitttngs 250/0 on cost Taxation The charity is exempt from lax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trnstees. Reslricted funds can only be used for particular reriCted purposes wilhin the objects of the charity. Restri¢tions art when specificd by the donor or when funds raised for particular restricted purpos¢s. Further explanation of the nature and purpose of each fund ts included in the not¢s to the financial stalernents. ng term Investments Long lerni investments are recognised al market value. with any changes in fund value recognised in the SOFA. This is an interest bearing investment on a legacy bequeathd by G .Greaves with a request that it be inve.%ted for 20 years with interest being rcaliscd for the general purposes of the Church. This is duc to come off deposit in 2040.
ST WILFRIDS CHURCH TRUST NOTES TO THE FINANCIAL STATEMENTS - continued for ihe Year Ended 31 December 2023 DONATIONS AND LECACIES 2023 2022 Donations Gift aid Legacies 63,354 6,784 30.602 224 30.826 INVESTMENT INCOME 2023 2022 Invesim¢nt income Deposit account interest 2,785 3,134 676 6.909 3.810 RAISING DONATIONS AND LEGACIES 2023 2022 Proj¢ct fund costs CHARITABLE ACTIVITIES COSTS 2023 2022 Church building costs Donations to PCC Dcprc¢iation - Fixtures and fittings 15.885 3,134 52,785 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remun¢Tation or other ben¢fits for the year ended 31 D¢c¢mber 2023 nor for the year ¢ndcd 31 December 2022. Trustees, eXpenY There were no trustees, expenses paid for the year ended 31 December2023 nor for the year ended 31 Decembcr 2022. Page 6 continued..-
ST WILFRIDS CHURCH TRUST NOTES TO THE FINANCIAL STATEMENTS - ¢ontlnued for the Year Ended 31 December 2023 TANGIBLE FIXED ASSETS Fixtures and fittings COST Ai l January 2023 and 31 December 2023 DEPRECIA TION At l January 2023 and 31 December 2023 NET BOOK VALUE At 31 December 2023 At 31 December 2022 FIXED ASSET INVESTMENTS Listed investments MARKET VALUE At l January 2023 Disposals Revaluations 105.125 (50,000) Ai 31 December 2023 NET BOOK VALUE Ai 31 December 2023 At 31 December 2022 105 125 There were no investment assets outside the UK. Cost OT valuation at 31 December 2023 is represented by: Listed investments Valuation in 2020 Valuation in 2021 Valuation in 2022 Valuation in 2023 Cost 5,615 14.625 (15.115) 7.117 Long tem investments are held and managed by CCLA in il's COIF Charities Investment Fund. During the year the Charity negotiated a legal release of half of the original capitsl of £50,000 to be transferred to St Wilfrids Church PCC, a relaled party. Page 7 continued...
ST WILFRIDS CHURCH TRUST NOTES TO THE FINANCIAL STATEMENTS - eontlnued for the Year Ended 31 Detember 2023 FIXED ASSET INVESTMENTS - ¢ontlDued Therefore the Charity now holds 3,136.41 units (2022 - 5.775.14) in the fund &8 at 31 December 2023. The value of the fund was £62.242 (2022- £106.125) as at 31 De¢¢mber 2023. The charity will hold the rernaining Capital investment as stipulaled for 20 years to 2040. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Other debtors 988 41 io. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Other creditors ii. MOVEMENT IIY FUNDS Net movement in funds Transfers betwcen funds At 31112123 At 111123 Unrestrleted funds General fund 419.215 (28.748) (200.000) 190,467 Restrlcted funds Projcclb fund 31,765 200,000 231,765 TOTAL FUNDS 4l9215 422 232 Net movement in funds. included in the above are as follows: In¢omin8 resources Resourc¢s ¢xpended Gains and Movement in funds Unrestrlcted funds General fund 17,045 (52.910) 7,117 (28.748) Restricted fund8 Projects fund 68,227 (36.462) 31,765 TOTAL FUNDS 89 372) Page 8 conlinued...
ST WILFRIDS CHURCH TRUST NOTES TO THE FINANCIAL STATEMENTS - eontlnued for the Year Ended 31 December 2023 MOVEMENT IN FUNDS - continued Comparatives for movement In fund8 Net movement in funds At 31112122 At 111122 Unrestricted funds General fund 418.838 377 419,215 TOTAL FUIYDS 418,838 377 419,215 Comparative net movement in funds. included in the above are as follow8: Incoming rcsources Resources cxpended Gains and losses Movement in funds Unrestrlct¢d funds General fund 34.636 (19,144) (15.115) 377 TOTAL FUNDS 34.636 19,144) 15 115) 377 A current ycar 12 months and prior year 12 month5 combined position is as follows: Net movement in fund8 Transfers between funds At 31112123 At 111122 Unrestrlcted funds General fund 418,838 (28,371) (200,000) 190,467 Restrleted funds Projccts fund 31,765 200,000 231.765 TOTAL FUNDS 418 838 422 232 Pagc 9 continued...
ST WILFRIDS CHURCH TRUST NOTES TO THE FINANCIAL STATEMENTS - colltlnued for the Year Lnd¢d 31 December 2023 ii. MOVEMENT IN FUNDS- continued A currenl year 12 months and prior year 12 months combined net movement in funds. included in the above are as follows.. Incoming resources Resources expended Gains and losses Movement in fund5 Ullre51rlc¢ed funds General fund 51,681 (72,054) (7,998) (28,371) Restrlcted fund$ Projects fund 68,227 (36.462) 31,765 TOTAL FUNDS 119908 (108.516) 3.394 12. OTHER FINANCIAL COMMITTMENTS During 2023 the Church ¢ommitied 10 the rebuilding of the Church spire following specialised advice. This will commit approximately £500,000 of Trust funds. 13. RELATED PARTY DISCLOSURES The Tru8t has donaled its unreslricled interest in the year to Slandish St Wilfrid's PCC, a connected Charity. Thi5 amounted lo £2,785 for 2023 (2022- £3,134). As at the year end £1,211 wab due (2022- £792) The Trust also donated £50,000 to Standish Sl Wilfrids PCC during the year. This represented an agreed release of an inve%iment and will be used to sUPPOrt thai Charily's charitable aclivilie%. Page 10
ST WILFRIDS CHURCH TRUST DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 De¢emb¢r 2023 2023 2022 INCOME AND ENDOWMENTS DonRtion8 and legacies Donations Gift aid Legacies 63,354 6,784 8.225 30,602 224 78,363 30,826 Investment Income Investment income Deposit account interest 2,785 3.134 676 Total Ineomlng resources 85.272 34.636 EXPENDITURE RAl$lng donatlons and legAele8 Project fund co%t 36.462 Charltable Actlvltles c.hurch building costs Donations to PCC 15.885 52.785 19,019 Support costs Governance fo8ts Auditors, remuneration for non audit work 125 125 Total resources expended Net {expendltureyln¢ome before galns and 1085es {4,100) 15,492 ReAlised recognlsed galns And losses Unrealised (loss)Igain on investments 1¥4¢t Income 377 This page does not fom part of the statutory financial statements Pagell