# **REGISTERED COMPANY NUMBER: 05518551 (England and Wales) REGISTERED CHARITY NUMBER: 1111189**
## Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2022
for
Ipswich Community Church
S R Renvoize Ltd 1 Arwela Road Felixstowe Suffolk IP11 2DG
Ipswich Community Church
Contents of the Financial Statements for the Year Ended 31 December 2022
||Page|
|---|---|
|Report of the Trustees|1 to 5|
|Independent Examiner's Report|6|
|Statement of Financial Activities|7|
|Balance Sheet|8 to 9|
|Notes to the Financial Statements|10 to 19|
|Detailed Statement of Financial Activities|20|
Ipswich Community Church
Report of the Trustees for the Year Ended 31 December 2022
The trustees have pleasure in presenting their report and the financial statements for the period ended 31 December 2021. This report incorporates the directors report, as required by law. The Company was registered on 26 July 2005 as a Company Limited by Guarantee and subsequently registered as a Charity.
## **Name**
The name of the charitable company is Ipswich Community Church.
## **Principal activity and vision statement**
The principal activity of the charitable company is to operate as a Church congregation in Ipswich to advance the Christian Faith. Our vision statement is "We exist to please God and to transform our world by becoming ourselves, and making of others, mature whole-life disciples (apprentices) of Jesus Christ".
Page 1
Ipswich Community Church
Report of the Trustees for the Year Ended 31 December 2022
## **ACHIEVEMENT AND PERFORMANCE**
The Church started meeting as a small group in a house in early January 2005, and decided to gather as a congregation on 16 January 2005 using the hall and other facilities provided by the Thurleston High School (which later became known as Ormiston Endeavour Academy), Defoe Road, Ipswich.
The Church moved on 27th May 2012 to its new Church Centre in Wilberforce Street, Ipswich, IP1 2JP, premises previously owned and occupied by Clarkson Street Free Church (the 'Church Centre'). On 1st May 2012 the legal title to the Church Centre was transferred to Ipswich Community Church along with that of a freehold residential property at 19 Elmhurst Drive, Ipswich. This property had previously been the manse for Clarkson Street Free Church. No payment was made for this consideration as part of an arrangement whereby Clarkson Street Free Church would be dissolved and merged into Ipswich Community Church.
The Church is led by an overall Leader assisted by a team of departmental and small group leaders and the Trustees. In April 2022, the Leader, Mr Rod Stone, retired and since then the Transition Team which comprises of 3 Church Members has been responsible for the Leadership of the Church and for identifying a new Leader.
The Charitable Company continues to develop its core activities including Sunday celebrations, Friendship Groups, Alpha Courses and other courses to strengthen and develop the faith of our members.
On Sunday mornings there is a creche as well as a Connected group for children and a group for the young people.
Interest in our website www.icchurch.co.uk continues to be evidenced and we have used our presence on
Facebook and YouTube to help publicise our activities and services as well as continuing to use Zoom for those unable to attend our Sunday celebrations. We use Facebook and YouTube to publicise our preaches.
Over the years, the Church has organised and hosted a number of community events. These have included a Royal Tea Party on Tuesday 5th June 2012 as part of the celebrations for the Queens Diamond Jubilee and some 250 residents joined in the fun. We also took part in the Queens 90th birthday celebrations and helped in organising the street party. In June 2022 we helped organise and took part in a street party to mark the Queens Platinum Jubilee.
At times we've given out hot dogs at Halloween and organised various parties.
With a cost-of-living crisis in late 2022 many churches in Ipswich opened their buildings as 'Warm Spaces' and we opened the Church Centre from the end of December, regularly once a week on a Monday evening from 6pm to 9pm.
We have also kept a store of dried and canned food as well as emergency provisions which we have given to members of the community who have struggled to buy food this winter.
In 2016 we sold the property in Elmhurst Drive and bought the house adjacent to our Church Centre at 41 Clarkson Street. This property has been let to a Charity called Anglian Care Trust under the terms of the Government scheme for settling Syrian refugees. Syrian refugees have been housed in the premise since September 2016.
Page 2
Ipswich Community Church
## Report of the Trustees for the Year Ended 31 December 2022
We recently have had a group of 8 Asylum seekers from a local hotel whom we are trying to support and enable them to be a part of our Church community.
During the year the Trustees have paid regard to the guidance issued by the Charity Commission on public benefit.
## **FINANCIAL REVIEW General fund**
The general fund shown in the Balance Sheet represents funds not utilized in the company's 18 years of operation since January 2005.
## **Financial results and state of affairs**
The total income for the year was £49,035 (2021 £56,118). Expenditure was £35,991 (2021 £43,042). These figures were in accordance with our expectations.
## **Investment Policy**
The company's investment policy is to achieve maximum returns given medium to low risk. Investments are deemed short term and are currently invested in cash on deposit.
## **Reserves policy**
The trustees have agreed that reserves will be held to cover 6 months of normal expenditure (based on the current budget for the next 6 months, or, if no budget is in place for that period, previous 6 months actuals). The calculations for this would not include restricted funds or specific special projects for which funds have been designated. The purpose of this policy is to provide adequate time to adjust to changing circumstances and to make necessary adjustments to expenditure should the need arise.
The actual free reserves at the end of the year in general reserves is £265,512 (2021 - £252,468) less carrying value of functional assets of £291,269 (2021 - £291,269) which is a deficit of £25,757 (2021 - £38,801). The trustees note that the current low free reserves is attributable to the fact the definition excludes the functional fixed assets, but it includes the long term loan that is secured on those assets. For the purposes of short and medium term financial management, the trustees are concerned more with the management of working capital, and if the reserves calculation is adjusted by the loan term loan, then the reserves policy is currently being met.
Page 3
Ipswich Community Church
Report of the Trustees for the Year Ended 31 December 2022
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document and constitutes a private limited company, limited by guarantee, as defined by the Companies Act 2006.
The governing instrument for the charitable company is its Memorandum and Articles of Association. The charitable company was incorporated on 26 July 2005 limited by guarantee and not having a share capital. There are no specific restrictions imposed in the Memorandum or Articles of Association concerning the way the charitable company can operate.
The investment powers given within the Memorandum of Association are as follows:
'To invest the monies of the Charity not immediately required for its Objects in or upon such investments, securities or property as the Directors think fit subject to such conditions and consents as are imposed by law.'
The objects of the charitable company are:
The advancement of the Christian Faith in accordance with the Statement of Belief in Ipswich and the County of Suffolk, and in other parts of the United Kingdom and overseas, by such means as the Directors shall think fit including but not limited to the planting of new churches and the organization of congregations;
The relief of persons who are in a condition of need arising from poverty, hardship, distress or as a result of local, national or international emergency or disaster or who are aged or sick;
The advancement of education including but not limited to the advancement of education on the basis of the principles set out in the Statement of Belief;
Such other charitable objects as the Directors shall in their absolute discretion from time to time think fit.
## **Induction and training of new trustees**
New trustees are offered informal induction training along with the information necessary for them to fulfil their duties as a trustee.
## **Risk management**
The trustees have identified the major risks to which the charity is exposed and have taken steps to mitigate these risks.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Company number**
05518551 (England and Wales)
## **Registered Charity number**
1111189
Page 4
## Ipswich Community Church
## Report of the Trustees for the Year Ended 31 December 2022
**Registered office** ICC Centre Wilberforce Street Ipswich Suffolk IP1 2JP
## **Trustees**
Mr P Bolton Mr J I Clarke Mr S Jolata Mr P J Hill
## **Independent Examiner**
Mr S R Renvoize ACA S R Renvoize Ltd 1 Arwela Road Felixstowe Suffolk IP11 2DG
## **Solicitors**
KMA Solicitors 25 St Margaret's Green Ipswich Suffolk
## **Leader**
Mr R P Stone retired in April 2022. The post is currently vacant.
## **Bankers**
Lloyds Bank PLC Cornhill North Ipswich Suffolk
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 17 March 2023 and signed on its behalf by:
Mr P Bolton - Trustee
Page 5
Independent Examiner's Report to the Trustees of Ipswich Community Church
## **Independent examiner's report to the trustees of Ipswich Community Church ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2022.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
Mr S R Renvoize ACA S R Renvoize Ltd 1 Arwela Road Felixstowe Suffolk IP11 2DG
17 March 2023
Page 6
Ipswich Community Church
## Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 31 December 2022
|Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
3
34,681
Other income
4
14,354
**Total**
49,035
**EXPENDITURE ON**
**Charitable activities**
5
Church related costs
35,991
Giving
-
**Total**
35,991
**NET INCOME**
13,044
**RECONCILIATION OF FUNDS**
Total funds brought forward
252,468
**TOTAL FUNDS CARRIED FORWARD**
265,512|Restricted
funds
£
-
-
-
-
-
-
-
-
-|31.12.22
Total
funds
£
34,681
14,354
49,035
35,991
-
35,991
13,044
252,468
265,512|31.12.21
Total
funds
£
43,075
13,043
56,118
40,484
2,558
43,042
13,076
239,392
252,468|
|---|---|---|---|
The notes form part of these financial statements
Page 7
## Ipswich Community Church
## Balance Sheet 31 December 2022
|Unrestricted
funds
Notes
£
**FIXED ASSETS**
Tangible assets
11
291,269
**CURRENT ASSETS**
Debtors
12
4,537
Cash at bank
37,774
42,311
**CREDITORS**
Amounts falling due within one year
13
(6,867)
**NET CURRENT ASSETS**
35,444
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
326,713
**CREDITORS**
Amounts falling due after more than one
year
14
(61,201)
**NET ASSETS**
265,512
**FUNDS**
17
Unrestricted funds
**TOTAL FUNDS**|Restricted
funds
£
-
-
-
-
-
-
-
-
-|31.12.22
Total
funds
£
291,269
4,537
37,774
42,311
(6,867)
35,444
326,713
(61,201)
265,512
265,512
265,512|31.12.21
Total
funds
£
291,269
5,816
27,938
33,754
(6,144)
27,610
318,879
(66,411)
252,468
252,468
252,468|
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.
The notes form part of these financial statements
Page 8
continued...
Ipswich Community Church
## Balance Sheet - continued 31 December 2022
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 17 March 2023 and were signed on its behalf by:
Mr P Bolton - Trustee
The notes form part of these financial statements
Page 9
Ipswich Community Church Notes to the Financial Statements for the Year Ended 31 December 2022
## **1. COMPANY STATUS**
Ipswich Community Church is a private company limited by guarantee and not having a share capital and is a registered charity and is accordingly exempt from taxation on its charitable activities.
## **2. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, 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 accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **Financial reporting standard 102 - reduced disclosure exemptions**
The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
(a) Gift aid donations, ordinary donations, dividends and income from other activities - amount receivable during the period.
(b) Gifts in kind are accounted for when the charity has entitlement to the gift and there is virtual certainty of its receipt and its monetary value can be measured reliably. Gifts in kind are valued at market valuations.
(c) Tax repayments in respect of tax reclaimed on gift aid donations and investment interest - included in the period in which the related income is received.
(d) Interest - on a receivable basis for the financial year.
(e) Grants received for revenue expenditure and for capital assets are recognised in the statement of financial activity in the accounting period in which it is reasonably certain that the grant will be received.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Page 10
continued...
Ipswich Community Church
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
## **2. ACCOUNTING POLICIES - continued**
## **Tangible fixed assets**
Tangible fixed assets are stated at cost (or estimated donation value) less depreciation. The lower limit for capitalizing an asset is £2,000. Depreciation is provided at rates calculated to write off the cost less estimated residual value over it's expected useful life, as follows:
Freehold land and buildings (no depreciation as property is expected to be maintained to such a standard that their residual value are expected to be approximately the same as cost).
Equipment over 3 years (straight line)
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Following the requirements of the Statement of Recommended Practice all the funds of Ipswich Community Church have been analysed over the different types of funds which are:-
## Restricted funds:-
Restricted funds are those where the donor has imposed restrictions on how the fund may be used, but which do not prevent the fund being spent.
## Unrestricted funds:-
Unrestricted funds are those which are not subject to any special restrictions and they can be used as the trustees decide. Designated funds are part of unrestricted funds and are amounts the trustees have set aside to cover particular expenditure.
## **Pension costs and other post-retirement benefits**
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **Going concern basis**
There is no material uncertainty regarding the fact that these accounts have been prepared on the going concern basis.
## **Public Benefit Entity.**
The charity is a public benefit entity.
Page 11
continued...
Ipswich Community Church
## Notes to the Financial Statements - continued for the Year Ended 31 December 2022
## **3. DONATIONS AND LEGACIES**
|**DONATIONS AND LEGACIES**|||
|---|---|---|
||31.12.22|31.12.21|
||£|£|
|Donations|15,972|11,766|
|Gift aid donations|15,114|23,700|
|Income tax recoverable|3,595|5,609|
|Grants|-|2,000|
||34,681|43,075|
The donations arise from gifts given by church members and by offerings made in church meetings. Many members provided services free, which has not been recognized in these accounts.
Grants received, included in the above, are as follows:
||31.12.22|31.12.21|
|---|---|---|
||£|£|
|Suffolk County Council|-|2,000|
The grants received were for the repair of the perimeter fence, which was completed and paid for in the previous accounting period.
## **4. OTHER INCOME**
Other income primarily relates to residential letting.
## **5. CHARITABLE ACTIVITIES COSTS**
|**CHARITABLE ACTIVITIES COSTS**||||
|---|---|---|---|
|||Support||
||Direct|costs (see||
||Costs|note 6)|Totals|
||£|£|£|
|Church related costs|35,107|884|35,991|
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continued...
Ipswich Community Church
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
## **6. SUPPORT COSTS**
|**SUPPORT COSTS**||
|---|---|
||Governanc|
||costs|
||£|
|Church related costs|884|
## **7. NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
||31.12.22|31.12.21|
|---|---|---|
||£|£|
|Rental income received|13,638|13,040|
|Independent examiners' fee|(844)|(867)|
|Interest paid|(2,704)|(2,759)|
The transfer between funds net to NIL in this year and in the comparative period.
## **8. TRUSTEES' REMUNERATION AND BENEFITS**
Except for payments made to Mr P. Bolton (as detailed below), there were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.
Mr P. Bolton has not been remunerated for his role as trustee, but from July 2022 to date he has been remunerated (on a self employed basis) for providing extra services relating to administrative and operational requirements of the trust. This is perceived to be a temporary arrangement for the period in which the post of leader is vacant. The trustees consider they have adhered to all advice, procedures and requirements of the Charity Commission on payments made to trustees. Unless otherwise agreed, the maximum to be paid each month is £545, which is based on an hourly rate of £15.70. The amount paid in the year to 31 December 2022 is £3,265 (2021 - £NIL).
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.
Page 13
continued...
Ipswich Community Church
## Notes to the Financial Statements - continued for the Year Ended 31 December 2022
## **9. STAFF COSTS**
|**9.**|**STAFF COSTS**||||||
|---|---|---|---|---|---|---|
|||||31.12.22||31.12.21|
|||||£||£|
||Wages and salaries|||6,897||24,478|
||Other pension costs|||1,200||2,400|
|||||8,097||26,878|
||The average monthly number of employees during the year||was as follows:||||
|||||31.12.22||31.12.21|
||Leader|||-||1|
||No employees received emoluments in excess of £60,000.||||||
||There was one full time employee until April 2022, after which there were no employees.||||||
|**10.**|**COMPARATIVES FOR THE STATEMENT OF**|**FINANCIAL ACTIVITIES**|||||
|||Unrestricted||Restricted||Total|
||||funds|funds||funds|
||||£|£||£|
||**INCOME AND ENDOWMENTS FROM**||||||
||Donations and legacies||41,875|1,200||43,075|
||Other income||13,043||-|13,043|
||**Total**||54,918|1,200||56,118|
||**EXPENDITURE ON**||||||
||**Charitable activities**||||||
||Church related costs||40,484||-|40,484|
||Giving||1,358|1,200||2,558|
||**Total**||41,842|1,200||43,042|
||**NET INCOME**||13,076||-|13,076|
||**RECONCILIATION OF FUNDS**||||||
||Total funds brought forward|239,392|||-|239,392|
||**TOTAL FUNDS CARRIED FORWARD**|252,468|||-|252,468|
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continued...
Ipswich Community Church
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
## **11. TANGIBLE FIXED ASSETS**
|**COST**
At 1 January 2022 and
31 December 2022
**DEPRECIATION**
At 1 January 2022 and
31 December 2022
**NET BOOK VALUE**
At 31 December 2022
At 31 December 2021|Freehold
property
£
291,267
-
291,267
291,267|Equipment,
fixtures
and
fittings
£
14,440
14,438
2
2|Totals
£
305,707
14,438
291,269
291,269|
|---|---|---|---|
The freehold property includes a residential property adjacent to the church centre, 41 Clarkson Street, Ipswich. The primary purpose of the property is to enhance the activities of the church. In the current year, the property is let for occupation by a Syrian refugee family under the terms of the government scheme for settling them in UK.
The trustees consider that the carrying value of the tangible fixed assets is materially the same as the market value.
|**12.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||
|---|---|---|---|
|||31.12.22|31.12.21|
|||£|£|
||Other debtors|2,100|2,818|
||Prepayments|2,437|2,998|
|||4,537|5,816|
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continued...
Ipswich Community Church
## Notes to the Financial Statements - continued
## for the Year Ended 31 December 2022
|**13.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||
|---|---|---|---|
|||31.12.22|31.12.21|
|||£|£|
||Bank loans and overdrafts (see note 15)|5,002|4,794|
||Other creditors|188|342|
||Accrued expenses|1,677|1,008|
|||6,867|6,144|
|**14.**|**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**|||
|||31.12.22|31.12.21|
|||£|£|
||Bank loans (see note 15)|61,201|66,411|
|**15.**|**LOANS**|||
||An analysis of the maturity of loans is given below:|||
|||31.12.22|31.12.21|
|||£|£|
||Amounts falling due within one year on demand:|||
||Bank loans|5,002|4,794|
||Amounts falling due in more than five years:|||
||Repayable by instalments:|||
||Bank loans more 5 yr by instal|61,201|66,411|
The loan commenced in July 16. It is a 17 year loan, repayable in instalments, with an interest rate of 4%.
## **16. SECURED DEBTS**
The following secured debts are included within creditors:
||31.12.22|31.12.21|
|---|---|---|
||£|£|
|Bank loans|66,203|71,205|
The bank loan is secured on the residential property next to the church. This property has a carrying value of £213,017 at the end of this accounting period and the comparative accounting period.
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continued...
Ipswich Community Church
## Notes to the Financial Statements - continued for the Year Ended 31 December 2022
## **17. MOVEMENT IN FUNDS**
|At 1.1.22
£
**Unrestricted funds**
General fund
252,468
**TOTAL FUNDS**
252,468
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
49,035
**TOTAL FUNDS**
49,035
**Comparatives for movement in funds**
At 1.1.21
£
**Unrestricted funds**
General fund
239,392
**TOTAL FUNDS**
239,392|Net
movement
in funds
£
13,044
13,044
Resources
expended
£
(35,991)
(35,991)
Net
movement
in funds
£
13,076
13,076|At
31.12.22
£
265,512
265,512
Movement
in funds
£
13,044
13,044
At
31.12.21
£
252,468
252,468|
|---|---|---|
Page 17
continued...
Ipswich Community Church
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
## **17. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|54,918|(41,842)|13,076|
|**Restricted funds**||||
|Uganda Covid Fund|1,200|(1,200)|-|
|**TOTAL FUNDS**|56,118|(43,042)|13,076|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.1.21
£
239,392
239,392|Net
movement
in funds
£
26,120
26,120|At
31.12.22
£
265,512
265,512|
|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|103,953|(77,833)|26,120|
|**Restricted funds**||||
|Uganda Covid Fund|1,200|(1,200)|-|
|**TOTAL FUNDS**|105,153|(79,033)|26,120|
Page 18
continued...
Ipswich Community Church
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
## **18. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 December 2022, except for the payment of services provided by the trustee, Mr P. Bolton, as disclosed in note 8.
## **19. ULTIMATE CONTROLLING PARTY**
There is no ultimate controlling party, both at the end of this accounting period and at the end of the comparative accounting period.
## **20. INDEPENDENT EXAMINER**
The independent examiner, Mr S R Renvoize, has signified his willingness to continue in office - a resolution to reappoint him as independent examiner will be proposed at the forthcoming annual general meeting.The cost of the independent examination was £884 (2021 - £867).
Page 19
Ipswich Community Church
## Detailed Statement of Financial Activities for the Year Ended 31 December 2022
|for the Year Ended 31 December 2022|||||
|---|---|---|---|---|
||||31.12.22|31.12.21|
||Unrestricted|Restricted|Total|Total|
||funds|funds|funds|funds|
||£|£|£|£|
|**INCOME AND ENDOWMENTS**|||||
|**Donations and legacies**|||||
|Donations|15,972|-|15,972|11,766|
|Gift aid donations|15,114|-|15,114|23,700|
|Income tax recoverable|3,595|-|3,595|5,609|
|Grants|-|-|-|2,000|
||34,681|-|34,681|43,075|
|**Other income**|||||
|Interest received|16|-|16|3|
|Rent receivable|13,638|-|13,638|13,040|
|Room hire|700|-|700|-|
||14,354|-|14,354|13,043|
|**Total incoming resources**|49,035|-|49,035|56,118|
|**EXPENDITURE**|||||
|**Charitable activities**|||||
|Wages|6,897|-|6,897|24,478|
|Pensions|1,200|-|1,200|2,400|
|Building costs|12,266|-|12,266|4,759|
|Rental expenses including interest|3,086|-|3,086|3,062|
|Other operating expenses|10,263|-|10,263|4,918|
|Giving: General fund|1,395|-|1,395|1,358|
|Giving: Restricted funds|-|-|-|1,200|
||35,107|-|35,107|42,175|
|**Support costs**|||||
|**Governance costs**|||||
|Independent examiner|884|-|884|867|
|Total resources expended|35,991|-|35,991|43,042|
|**Net income**|13,044|-|13,044|13,076|
This page does not form part of the statutory financial statements
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