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|---|---|---|---|---|
|Trustees'
annual
report|||||
|Independent
examiner's
report||to the trustees|||
|Statement
of financial|activities||||
|Statement
of financial|position||||
|Notes to the financial|statements||||
|The following
pages|do not form part of||the financial statements||
|Detailed statement
of|financial|activities||18|
|Notes to the detailed|statement|of financial|activities|19|
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|||Year|ended|31 Decem|ber 2022|||
|---|---|---|---|---|---|---|---|
||||||2022||2021|
|||||Unrestricted|Endowment|||
|||||funds|funds|Total funds|Total funds|
||||Note|||||
|Income and endowments||||||||
|Investment
income||||3,452|85,970|89,422|84,500|
|Total income||||3,452|85,970|89,422|84,500|
|Expenditure||||||||
|Expenditure
on raising funds:||||||||
|Investment
management||costs|5|2040||2,040|212|
|Expenditure
on charitable|activities||6,7|16,248||16,248|89,567|
|Total expenditure||||18,288||18,288|89,779|
|Net income/(expenditure)||||(14,836)|85,970|71,134|(5,279)|
|Transfers
between
funds||||85,970|(85,970)|||
|Other recognised
gains and||losses||||||
|Gains/(losses)
on investments|||||(302,188)|(302,188)|321,301|
|Net movement
in funds||||71,134|(302,188)|(231,054)|316,022|
|Reconciliation
offunds||||||||
|Total funds brought
forward||||237,987|2,918,034|3,156,021|2,839,999|
|Total funds carried forward||||309,121|2,615,846|2,924,967|3,156,021|
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|||||31 Decem|ber 202|2|||
|---|---|---|---|---|---|---|---|---|
|||||||2022||2021|
||||||Note||||
|Fixed assets|||||||||
|Investments|||||13||2,615,845|2,918,033|
|Current assets|||||||||
|Cash at bank|and|in hand||||292,082||238,121|
|Prepayments|and|accrued income||||20,164||21,338|
|Creditors: amounts|||falling|due within one year|||||
|Accruals and|deferred||income|||3,124||21,471|
|Net current assets|||||||309,122|237,988|
|Total assets|less|current||liabilities|||2,924,967|3,156,021|
|Net assets|||||||2,924,967|3,156,021|
|Funds ofthe charity
Endowment
funds|||||||2,615,846|2,918,034|
|Unrestricted
funds|||||||309,121|237,987|
|Total charity|funds||||||2,924,967|3,156,021|
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|Investment
income||||||
|---|---|---|---|---|---|
||||Unrestricted|Endowment|Total Funds|
||||Funds|Funds|2022|
|Income from investment||properties||13,039|13,039|
|Bank interest receivable|||3,452||3,452|
|CBFCofE Investment|Fund income|||60,022|60,022|
|CBFCofE Property
Fund||income||12,909|12,909|
||||3,452|85,970|89,422|
||||Unrestricted|Endowment|Total Funds|
||||Funds|Funds|2021|
|Income from investment||properties||13,200|13,200|
|Bank interest receivable|||117||117|
|CBFCofE Investment|Fund income|||58,274|58,274|
|CBFCofE Property
Fund||income||12,909|12,909|
||||117|84,383|84,500|
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|Investment|management
c|osts|||||
|---|---|---|---|---|---|---|
||||Unrestricted|Total Funds|Unrestricted|Total Funds|
||||Funds|2022|Funds|2021|
||||||P||
|Management|8 maintenance|of|||||
|investment|property||2,040|2,040|212|212|
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|6.|Expenditur||on charita|ble|activ|ities|by fund type|by fund type||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||Unrestricted||Total Funds|Unrestricted|Total Funds|
|||||||||Funds|2022|Funds|2021|
||Repair and||maintenance|of the fabric||||||||
||ofSt Michael and
All Angels Church,|||||||||||
||Highworth|||||||(10,456)|(10,456)|54,737|54,737|
||Furthering||the religious|and|other|||||||
||charitable|work of the Church
of||||||||||
||England
in||the parish of Highworth|||||23,075|23,075|31,556|31,556|
||Support costs|||||||3,629|3,629|3,274|3,274|
|||||||||16,248|16,248|89,567|89,567|
|7.|Expenditure
on charitable||||activities||by activity type|||||
||||||||Activities|||||
||||||||undertaken||Support|Total funds|Total fund|
|||||||||directly|costs|2022|2021|
||Repair and||maintenance|of|the fabric|||||||
||ofSt Michael and All Angels||||Church,|||||||
||Highworth||||||(10,456)||240|(10,216)|54,947|
||Furthering|the religious||and|other|||||||
||charitable
work of the Church of|||||||||||
||England
in|the parish of||Highworth||||23,075|240|23,315|31,766|
||Governance||costs||||||3,149|3,149|2,854|
|||||||||12,619|3,629|16,248|89,567|
|8.|Analysis
of support costs|||||||||||
||||||||Church|repair|Other|||
|||||||||and|charitable|||
||||||||maintenance||work|Total 2022|Total 2021|
||Governance||costs|||||1,574|1,575|3,149|2,854|
||Support costs - Bookkeeping|||||||.240|240|480|420|
|||||||||1,814|1,815|3,629|3,274|
|9.|Independent||examination||fees|||||||
|||||||||||2022|2021|
||Fees payable to the independent|||||examiner for:||||||
||Independent||examination|of|the financial statements|||||1,680|1,500|
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|Investments||||
|---|---|---|---|
||Cash or cash|Investment||
||equivalents|properties|Total|
|Cost or valuation||||
|At 1 January 2022|2,568,033|350,000|2,918,033|
|Addi/ions||||
|Other movements|(302,188)||(302,188)|
|At 31 December 2022|2,265,845|350,000|2,615,845|
|Impairment||||
|At 1 January 2022 and 31 December 2022||||
|Carrying
amount||||
|At 31 December 2022|2,265,845|350,000|2,615,845|
|At 31 December 2021|2,568,033|350,000|2,918,033|
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||||||||Gains and|At|
|---|---|---|---|---|---|---|---|---|
||||At1 Jan 22|Income|Expenditure|Transfers|losses|31 Dec 22|
|General|funds||237,987|3,452|(18,288)|85,970||309,121|
||||||||Gains and|At|
||||At1 Jan 21|Income|Expenditure|Transfers|.losses|31 Dec 21|
|General|funds||243,266|117|(89,779)|84,383||237,987|
|Endowment||funds|||||||
||||||||Gains and|At|
||||At1 Jan 22|Income|Expenditure|Transfers|losses|31 Dec 22|
|Proceeds from|||||||||
|the sale|of||||||||
|Clinton's|Field||2,818,034|85,970||(85,970)|(302,188)|2,515,846|
|Revaluation|||||||||
|reserve|||100,000|||||100,000|
||||2,918,034|85,970||(85,970)|(302,188)|2,615,846|
||||||||Gains and|At|
||||At1 Jan 21|Income|Expenditure|Transfers|losses|31 Dec 21|
|Proceeds from|||||||||
|the sale|of||||||||
|Clinton's|Field||2,496,733|84,383||(84,383)|321,301|2,818,034|
|Revaluation|||||||||
|reserve|||100,000|||||100,000|
||||2,596,733|84,383||(84,383)|321,301|2,918,034|
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|Analysis of net as|sets between funds||||
|---|---|---|---|---|
|||Unrestricted|Endowment|Total Funds|
|||Funds|Funds|2022|
|||E|||
|Investments|||2,615,845|2,615,845|
|Current assets||312,246||312,246|
|Creditors less than|1 year|(3,124)||(3,124)|
|Net assets||309,122|2,615,845|2,924,967|
|||Unrestricted|Endowment|Total Funds|
|||Funds|Funds|2021|
|Investments|||2,918,033|2,918,033|
|Current assets||259,459||259,459|
|Creditors less than|1 year|(21,471)||(21,471)|
|Net assets||237,988|2,918,033|3,156,021|
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||||Year end|ed 31 December|2022||
|---|---|---|---|---|---|---|
||||||2022|2021|
|Income and endowments|||||||
|Investment
income|||||||
|Income from investment||properties|||13,039|13,200|
|Bank interest
receivable|||||3,452|117|
|CBFCofE Investment|Fund||income||60,022|58,274|
|CBFCofE Property
Fund||income|||12,909|12,909|
||||||89,422|84,500|
|Total income|||||89,422|84,500|
|Expenditure|||||||
|Investment
management|||costs||||
|Management
8 maintenance|||of investment|property|2,040|212|
|Expenditure
on charitable|||activities||||
|Insurance|||||1,409|1,354|
|Legal and professional|fees||||1,740|1,500|
|Other office costs|||||480|420|
|Grants awarded|||||12,619|86,293|
||||||16,248|89,567|
|Total expenditure|||||18,288|89,779|
|Net income/(expenditure)|||||71,134|(5,279)|
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|||Year end|ed 3|1 December|2022||||
|---|---|---|---|---|---|---|---|---|
||||||||2022|2021|
|Expenditure
on charitable||activities|||||||
|Repair and maintenance|ofthe fabric of||St Michael and All Angels|||Church,|Highworth||
|Activities undertaken
directly|||||||||
|Grants made for the repair|and maintenance||ofthe fabric ofSt Michael||||||
|and All Angels,
Highworth|||||||(10,456)|54,737|
|Support costs|||||||||
|Accountancy
fees|||||||240|210|
|Furthering
the religious|and other charitable|||work of the|Church|of England
in the||parish
of|
|Highworth|||||||||
|Activities undertaken
directly|||||||||
|Grants made for the purpose||ofthe religious|and|other charitable|work|of|||
|the Church of England
in the||parish of Highworth|||||23,075|31,556|
|Support costs|||||||||
|Accountancy
fees|||||||240|210|
|Governance costs|||||||||
|Trustees'
indemnity
insurance|||||||1,409|1,354|
|Independent
examiner's
fees|||||||1,680|1,500|
|Legal and professional
fees|||||||60||
||||||||3,149|2,854|
|Expenditure
on charitable||activities|||||16,248|89,567|