2022-12-31-accounts

BOWDON CHURCH CHARITY: REGISTRATION NUMBER 1067424

1. TRUSTEES. Bowdon PCC are the managing trustees of the charity. The land belonging to the charity is vested in the Chester Diocesan Board of Finance as custodian trustees.

2. TRUSTS: The said land and the building on it (the former Church Primary School) are to be used for the purpose of furthering the religious and other charitable work of the Church of England in the parish of Bowdon. The clear income of the charity is to be used for the same purpose: if the income cannot be applied as aforesaid the PCC shall apply the income in promoting the religious education of persons under the age of twenty-five years who are resident in Bowdon and are in need of financial assistance in accordance with the principles and doctrines of the Church of England by means of Sunday Schools or in such other ways as the PCC think fit.

3. On 27 July 2001 the Charity Commission authorised expenditure of up to £78,000 on St Luke's Church from the permanent endowment of the charity without the requirement for this sum to be recouped, and also authorised expenditure of up to £60,000 from the permanent endowment to refurbish and convert the former school building for retail use, this sum to be replaced by setting aside each year for forty years 2.5% of the sum (ie £1,500) from the income of the charity, to be invested as permanent endowment of the charity.

4. The trustees have the general power of investment under Section 6 of Trustee Act 2000: the trust instruments impose no restriction or exclusion, but any sale of land is subject to Section 36 of the Charities Act 1993.

5. On 21 November 2002 the Charity Commission authorised a lease of the said building to Bromco (UK) Limited for twenty years from 1 June 2001 at a rent of £10,000 for the first year, £15,600 for the second year, and £18,200 for each of the third fourth and fifth years, with rent reviews in the fifth tenth and fifteenth years. Bromco (UK) Limited sold their business to United Co-operatives Limited in November 2005 who have taken the lease over on the same terms. A rent review was undertaken in 2017 resulting in a new annual rent of £36,750. Another rent review is due in 2022. The adjoining land of the charity is now a car park, used by customers of United Co-operatives Limited and users of St. Luke's Church.

In 2021 the original 20 year lease of the building needed to be renewed. During the year we had a rent valuation report and a new 10 year lease to the Co-operative Group at an initial annual rate of £40,000 per annnum was negotiated with a rent review after 5 years.

In 2022 the tenant wished to make some changes to the property. Myerson solicitors completed the lease and licence for alterations and also prepared a first registration of the Landlord’s title. The new lease was not actually signed until the first quarter of 2023.

1. The cash balances of the charity are held at present in a separate account with Barclays Bank PLC, 1 Churchill Place, London E14 5HP

BOWDON CHURCH CHARITY

INCOME & EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2022

			2021		2022
	£		£	£	£
Interest received			5		45
Rent received			36750		36750
Rent received for Previous Years
			36755		36795
Payments for charitable purposes	35250			35250
Rent Valuation Report Fee	1500
Leas Renewal Fees	3000
Land Registry Release Plan		246
Title Registration & New Leas Fees				6682
			39996		41932
			-3240		-5137
Repayment due to capital			1500		1500
			-4740		-6637
Balance brought forward			15357		10617
			10617		3980
BALANCE SHEET as at 31 DECEMBER		2022
Cash at Bank			51508		47870
Debtor Bowdon PCC			1500		0
			53008		47870
Creditor			0		0
			53008		47870
Capital	148892			148892
less capital expended	138000			138000
	10892			10892
add recouped from income	31500			33000
			42392		43892
Income & Expenditure Account			10617		3980
			53009		47872

Note

As mentioned on the previous page the sum of £60000 shall be repaid to capital in 40 annual instalments of £1500. The balance to be recouped at 31 December 2022 was £27,000

Signed: Joseph A. Bonson

Trustee

Date: 18th October 2023

Rèport to the trusteosl member$ ol Bowdon Church Charlty On accounts for the year onded 31" December 2022 Charlty no 1067424 Respectlve respon8lbllltlè8 of trustees and examlner The charltys Irustees are responslble for the preparatlon of th8 a¢count8. The charity's trustees consider trtat an audlt Is not requlred for this year under sectlon 144 of the Charities Acl 20111"Ihe Charflies Act") and that an Independent examinatlon is needed. The charfty's gross Income dld nol exceed £250,000 and l am qualSfied to undertake th& examlnalion by belng qualified member oflhe Chartered Institute of Manag8mgnt AcGountanls. It Is my responslbllSty to: examine th8 accounts under sectlon 145 of the Charltl88 Act, to follow lh9 procedures laid down In the general Dlrections glven by Ihe Charfly CommissSon (under section 14515}(b) of the Charities Act, and to state whether partlcular matlers hav& come to my attentlon Ba81a of Ind•p•ndgnt My examlnatlon vms carrfed out In accordance wlth general Dlrectlon8 glven oxamln•f 8 8tatem•nt by the Charfty Commlsslon. An examlnallon Includes a revlew of the accountlng records kept by the charlly and a comparison of the accounts pre8ent8d wlth those r8cord8. It also Includes consideretlon of any unusual Items or dlsclosur88 In th8 accounts, and seeklng explanallons from the truste88 concemlng any such matters. The prO￿d￿re$ und8rtaken do not provlde all the evldence that would be r8quSred In an audlt, and consequently no oplnlon Is glven as lo whether thg accounts present a 'tnJe and falr, vlew and the report 18 Ilmlted to th08e matters 88t out In the statement below. Indep•ndent In connectlon wlth my examlnatlon, no materlal matters have come to my oxamln•rfs statement attention whlch glves me cause to balleve that In, any malerlal respect: the accountlng records were not kept In accordance vAth sectlon 130 of th8 Charft188 Act,. or the accounts dld nol accord wllh the accountlng r8cords' or the accounls dld not comply wlth the appllcable requlremenls concernlng the fonn and content of 8ccounl8 set out In the Charltles {A¢count8 and Reports) Regulatlons 2008 olher than any requlrem8nt that the 8c¢ounls glve a 'true and fairf vlew which 13 not a matter consldered as part of an independent examlnation. I have come across no other matters In connectlon with the examlnatlon lo whlch attenllon should be drawn In trls report In order to en8ble a proper understandlng of the accounts lo be reached. Date: Slgned: Name: lan N Scott-Dunn Relevant prOfe￿10n81 quallflcatlon(s) or body): Fellow of the Chart8r8d Instl￿te of Management A¢Gountant8 Addrass: 14 Blueberry Road, Bowdon, Altrincham, Cheshire WA14 3LT