REGISTERED CHARITY NUMBER: 1099117
THE ST MICHAEL & ALL ANGELS CHURCH
BEDFORD PARK TRUST
REPORT AND FINANCIAL STATEMENTS
PERIOD ENDED 31[ST] DECEMBER 2021
THE ST MICHAEL & ALL ANGELS CHURCH BEDFORD PARK TRUST
REPORT AND FINANCIAL STATEMENTS PERIOD ENDED 31[ST] DECEMBER 2021
| CONTENTS | PAGE |
|---|---|
| Charity information and Trustees’ report | 3 |
| Independent examiner’s report | 4 |
| Income and expenditure account | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 |
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THE ST MICHAEL & ALL ANGELS CHURCH BEDFORD PARK TRUST
CHARITY INFORMATION AS AT 31[ST] DECEMBER 2021
TRUSTEES: Revd Kevin John Morris (Chairman) Revd Eileen McGregor Mr John William Little BANKERS: Barclays Bank plc Hammersmith Business Centre PO Box 738 75 King Street Hammersmith London W6 9HY INDEPENDENT EXAMINER: Mr Anthony Simkin FCA 10 Riverview Grove London W4 3QJ
CHARITY REGISTRATION NUMBER: 1099117
TRUSTEES’ REPORT
The Trustees present their report and financial statements for the year ending 31[st] December 2021.
During 2021 the charity received two legacies, the first a sum of £25,000. The second legacy of £100,000 was left to the Trust in 2018 but subsequently subject to HMRC approval of a deed of variation; the final sum, including interest, was £101,458.34 and received in December 2021. The ongoing disruption of parish activities resulting from Covid-19 means that the Trust received no income from fund raising in 2021.
CONSTITUTION AND CHARITY OBJECTIVES
The constitution was adopted on 15[th] August 2003 with the following objects:
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(i) to further the religious and pastoral work of the Church of England in the ecclesiastical parish of St Michael and All Angels Bedford Park;
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(ii) to support the ecclesiastical parish of St Michael and All Angels Bedford Park in its responsibility for maintaining and developing the fabric of the buildings used by the parish in its worship and other aspects of its ministry.
The charity was registered with the Charity Commission for England and Wales on 22[nd] August 2003.
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THE ST MICHAEL & ALL ANGELS CHURCH BEDFORD PARK TRUST
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES
This report on the Financial Statements of The St Michael & All Angels Church Bedford Park Trust for the year ended 31[st] December 2021, which are set out on pages 5 to 7, is in respect of an examination carried out under section 43 of the Charities Act 1993.
Respective responsibilities of trustees and examiner
As the Charity’s trustees you are responsible for the preparation of the Financial Statements; you consider that the audit requirement of section 43(2) of the Charities Act 1993 (“the Act”) does not apply. It is my responsibility to issue this report on those Financial Statements in accordance with the terms of Regulation 7 of the Charities (Accounts and Reports) Regulations1995.
Basis of independent examiner’s report
My examination was carried out in accordance with the general Directions given by the Charity Commission under section 43(7)(b) of the Act. That examination includes a review of the accounting records kept by the Trust and a comparison of the Financial Statements with those records. It also includes considering any unusual items or disclosures in the Financial Statements and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and so consequently I do not express an audit opinion on the view given by the Financial Statements.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
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(1) which gives me reasonable cause to believe that in any material respect the requirements
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to keep accounting records in accordance with section 41 of the Act; and
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to prepare Financial Statements which accord with the accounting records and to comply with the requirements of the Act
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have not been met; or
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(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the Financial Statements to be reached.
Mr Anthony Simkin FCA 10 Riverview Grove London W4 3QJ
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THE ST MICHAEL & ALL ANGELS CHURCH BEDFORD PARK TRUST
INCOME AND EXPENDITURE ACCOUNT
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Incoming Resources | ||
| Donations | 0 | 100 |
| Legacies |
126,459 | 0 |
| CBF Investment Fund Appreciation | 100,193 |
51,675 |
| Bank interest | 2 |
10 |
| _ | _ | |
| 226,654 |
51,785 | |
| _ | _ | |
| Outgoing Expenditure | ||
| Bank charges | 1 | 1 |
| Grant | 0 |
8,000 |
| ___ | _ | |
| 1 | 8,001 | |
| ___ | _ | |
| Income less Expenditure |
226,653 | 43,784 |
| Reserves brought forward | 576,588 | 532,804 |
| _ | ___ | |
| 803,241 | 576,588 |
|
| _ | ___ |
.
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THE ST MICHAEL & ALL ANGELS CHURCH BEDFORD PARK TRUST
BALANCE SHEET
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Fixed Investment | ||
| CBF Investment Fund | 678,436 | 558,243 |
| Current Assets | ||
| Cash at bank | 124,805 | 18,345 |
| _ | _ | |
| 803,241 | 576,588 | |
| _ | _ | |
| Current Liabilities | ||
| Reserves | 803,241 | 576,588 |
| _ | _ | |
| 803,241 | 576,588 | |
| _ | _ |
Approved by the Trustees on 2022 and signed on their behalf by:
----------------------------------------------------------------------------------Revd Kevin Morris (Chairman) Revd Eileen McGregor (Treasurer)
The notes on page 7 form part of these financial statements.
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THE ST MICHAEL & ALL ANGELS CHURCH BEDFORD PARK TRUST
NOTES TO THE FINANCIAL STATEMENTS
Note 1. Accounting Policies
The Financial Statements have been prepared in accordance with the Statement of Recommended Practice issued by the Charity Commission in 2015 and the constitution of The St Michael & All Angels Church Bedford Park Trust.
Reserves Policy
The reserves have been built up from fund raising, legacies and donations and are available for application on the general objectives of the Trust.
Incoming Resources
Donations are recognised when received by the Trust. Income tax recoverable on covenants and Gift Aid donations is accounted for when receivable.
Income from Investments
Bank and other deposit interest is accounted for when receivable.
Resources Used
Professional fees are accrued when the expenditure is recognised.
Grants and donations
Grants and donations are accounted for when paid over.
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