OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-12-31-accounts

Page No.
Ministry Information
Annual
Report for 2022		 2-8
Auditor's
Report		 9 -11
Statement ofFinancial Activities 12
Balance Sheet 13
Statement ofCash Flows 14
Notes to the Accounts 15-24
Statement ofCouncil Members' Responsibilities 24

St Mary St St John
Magdalene Matthias Ihe Divine
Electoral Roll 190 74 72
Congregation
(average, inc. 115 44 47
children)

0
O		 I
m
CC		 O Ch
Vl dl CD
Vl
CD CD O
m
'lt 0
v
cl d		 W )- ' aa 0 O 0
d
8
M
W O0 m
0
O		 01
Vl
0I		 m
m
Ch
W CC
CI m0
01 l1O
E 5
d
'0 g!5 m
m		 Ol
'lI
CI		 O
0
'O g
ig
5		 W IDO
O
0		 d'
Ch
0		 E Vl
Vl
'Vl		 0
O
m		 m
m		 O
m		 dlm
CD		 a
V
5
x~ m V
0I
0 O
CC
0
g		 4
0		 CC
CV
CI
CI
I
E		 c! 0
g%
$ Q
0		 A
A
$		 5
g
CCI
0 0
"0
I5 A		 O
.E
c		 8d
j		 Cl)
Cl0
O
O
c8		 E
E		 8
ezPBu		 2'0
d
CC
II
E		 d d.
I 0.8
) d
.E g
0
Il
g.E
—d
CCI Ya
Z 0'		 Pt d
CJ ~O
.E		 d0
d
0
E
Z		 0
0'4		 WD
0
D		 A
'0
I
'C
d		 .6
O0
~
E
0
.p
CC
00		 g0
CC
0
vl
g
0
M
0

AS AT 3 1DECE MB ER2022
Note 2022 2021
FIXEDASSETS
Tangible 455,628 470,754
Investment properties 3,870,000 6,745,000
Listed investments 3 810454 338007
8,136,082 7,553,761
CURRENT ASSETS
Debtors 9 174,899 46,025
Cash at bank and in hand I 469710 1 442 556
1,644,609 1,488,581
LIABILITIES:Amounts falling due
within one year 10 ( 56 123) (~76 334
NET CURRENT ASSETS I 588486 1 412247
NET ASSETS
FUNDS
Restricted
funds		 8(b) 457,501 363,458
Endowment funds 8(c) 298,218 338,007
Unrestricted funds:
Designated funds 8(d) 8,619,260 7,980,454
General unrestricted funds 8(e) 349589 284 089
8 968849 8 264 543
Approved and authorised for issue by the ochi Church Council on lct Agio ) 2023 and signed on its
behalf by:

FORTHE YEAREN D ED 31D ECEMBER 2022
2022 2021
Cash (used in) / provided by operating activities
(see below) (2,137) 101,874
Cash flows from investing activities
Interest and dividends
received		 56,917 9,170
Amounts
invested to purchase		 fixed asset
investments (3,543,752)
Proceeds from sale ofinvestment
properties		 3 516126
Cash provided
by investing		 activities 292 I 9 170
Net cash inflow 27,154 111,044
Cash and cash equivalents at I"January 2022 I 442 556 I 331512
Cash and cash equivalents at 31"December 2022
Cash flows from operating activities
Net income 758,560 750,798
Depreciation 15,126 15,126
Interest and dividends
receivable
included		 in
investing
activities		 ( 56,917) ( 9,170)
(Crains) on investments ( 569,821) ( 662,302)
(Increase)/decrease
in debtors
(Decrease) in creditors		 (
(		 128,874)
20211)		 22,290
~14868
Cash (used in)/ provided by operating activities

2. INCOME
IJnrestricted Funds
General Designated Restricted Total Total
2022
f		 2022
f		 2022f 2022f 2021
Donations
and legacies
Grants 447,350 447,350 411,000
Donations,
appeals etc.
Legacies		 10000 29,668
85 000		 29,668
~5000		 33,817
3 000
10000 562 018 572 018 447 817
Other trading
activities
Fees 15,382 15,382 15,754
Church Hall lettings and rentals:
Parish Rooms 5,660 5,660 7,085
StJohn's Hall 22,107 22,107 6,877
StMatthias
Centre		 6,481 6,481 4,233
Magazine
and book		 sales 317 317 144
Fundraising
events and		 activities
15699 34248 ~49 94 34 093
c. Investment
income
Dividends
aad interest		 48,048 8,869 56,917 9,170
Property
income		 148224 148224 169667
48 048 ~148 24 8 869 205 141 178 83
d. Church activities
Stewardship
planned		 giving:
Bankers'
Orders		 138,244 138,244 158,972
Envelopes 3495 3,295 2,057
Income tax recoverable 32,876 3,173 36,049 40,875
Collections
and sundry		 donations 20 444 20 444 13776
194859 3 173 198032 215 680
e. Other sources
JRSGovernment
grant		 11,854
Other income I 100
12954
TOTAL INCOME

EXPENDITURE
Unrestricted Funds
General Designated Restricted Total Total
2022 2022 2022 2022f 2021
Fundraising
costs
Church Hall running expenses
Parish Rooms 3,943 3,943 3,441
StJohn's Hall 12,338 12,338 4,490
StMatthias
Centre		 10,217 10,217 4,688
Cost offundraising events and
activities
22 555 ~343 ~26 4 ~1261
Investment
management		 costs
Investment
property		 running expenses:
Saudover House 7,784 7,784 6,847
Church Cottage 508
StJohn's Lodge 599 599
StJohn's Studios 13,740 13,740 9,233
Investment
property		 fabric repairs:
Sandover House 1,293 1,293 1,572
Church Cottage
StJohn's Lodge
St John's Studios 630
23416 23 416 18790
Church activities
Diocesan parish share 128,000 192,000 320,000 310,000
Clergy expenses 10,458 10,458 12,467
Clergy housing 17,603 17,603 10,368
Young Peoples Ministry Leader
Church running
expenses		 66,442 114,520 180,962 154,695
Church organists 19,920 19,920 21,516
Church maintenance 23,581 23,581 19,485
Depreciation 15,126 15,126 15,126
Administrator's
salary		 39,563 39,563 45,512
Governance costs: Audit 8,296 8,296 7,670
Accountancy 23,774 23,774 22,832
Professional
fees		 3,000
Church major fabric repairs:
StJohn the Divine 63,329 63,329 42,850
StMary Magdalene 7,864 7,864 42,662
StMatthias 9,050 9,050 27,013
Parish Rooms 1,760 1,760 25,058
Missionary
and Charitable		 Giving—
Church Overseas:
Missionary
Societies		 20,973 20,973
Home Missions 14,127 1,609 15,736 9,222
Secular Charities 8490 9499
171590 138821 476 074 786 485 ~76
476
TOTAL EXPENDITURE ~18

4. STAFFCOSTS STAFFCOSTS
2022f 2021
Gross wages 118,161 125,221
Social security costs 4,788 5,348
Employer's
contributions		 to defined contribution pension schemes 2410 2415
During the year none ofthe 7(2021:8)employees were paid more than f60,000 per annum (2021:none
TANGIBLE FIXEDASSETS
Moveable
Freehold church
property furnishings Total
f.
Cost
At 1"January 2022 380,000 151,258 531,258
Additions
At 31a December 2022
Depreciation
At 1"January 2022 60,504 60,504
Charge for the year 15126 15 126
At 31a December 2022 75630 75 630
Net book value
At 31a December 2022
At 31
December		 2021
INVESTMENT PROPERTIES
Valuation 2022 2021
At 1"January 2022 6,745,000 6,125,000
Additions
Disposals (3,060,000)
Revaluation
At 31 StDecember 2022		 185000 620 000
~4
Proceeds ofdisposal 3,516,126
Carrying
value ofproperty		 L33060 000000
Gain on disposal
The investment properties comprise the following properties and the respective values are shown below;
2022 2021
Parish Rooms 730,000 695,000
Sandover House 1,920,000 1,830,000
Church Cottage 800,000 760,000
St John's Lodge 420,000 400,000
St John's Studios 3060000

LISTEDINVESTMENTS
Movements
in year:		 2022 2021
Market value at la January 338,007 295,705
Purchase ofinvestment 3,543,752
Unrealised
(tosses)/gains
in the year		 ~71 305 42 302
Market value at 31a December

(a) ANALYSIS OF NET ASSETS BYFUND BYFUND
At 31u December 2022 Unrestricted Restricted Endowment Total
Funds Funds Funds Fundsf
Fixed Assets 7,837,864 298,218 8,136,082
Current Assets:
Debtors 174,899 174,899
Cash at bank
Current Liabilities		 ( 1,012,209
56 123)		 457,501 1,469,710
(~56 123
At31"December 2021 Ilnrestricted Restricted Endowment Total
Funds
f		 Funds Fundsf Funds
Fixed Assets 7,215,754 338,007 7,553,761
Current Assets:
Debtors 46,025 46,025
Cash at bank
Cunent Liabilities		 1,079,098
~76334		 363,458 1,442,556
~76 34

(b) RESTRICTED FUNDS
Balance at Transfers Balance at
1.1.2022
f		 Income Expenditure
f		 between funds
f		 31.12.2022
f
Richmond
Church Charity Estates		 132,479 447,100 445,059 134,520
Organ Fund 2,567 2,567
Dalgarno-Robinson (General) (1,603) 2,880 1,277
Dalgarno-Robinson (Boys' Welfare) (8,166) 5,575 (2,591)
Legacies and Memorials 159,899 95,361 12,283 242,977
StMatthias
Organ		 5,979 5,979
Other small donations
and appeals		 72 303 23 144 22 675 72 772
Balance at Transfers Balance at
1.1.2021 Income Expenditure
f		 between funds
f		 31.12.2021
Richmond
Church Charity Estates		 266,961 412,100 546,582 132,479
Organ Fund 5,026 2,459 2,567
Dalgarno-Robinson (General) (4,389) 2,786 (1,603)
Dalgarno-Robinson (Boys' Welfare) (13,557) 5,391 (8,166)
Legacies and Memorials 199,147 3,401 42,649 159,899
StMatthias
Organ		 5,979 5,979
Other small donations
and appeals		 59987 28 308 15 992 72 303
154
(c) ENDOWMENT FUNDS
Balance at Gain0oss) on Transfers Balance at
1.1.2022 Incomef investments
f		 between funds 31.12.2022
Expendable
Dalgarno-Robinson		 (General)109, 774 (12,922) 96,852
Dalgarno-Robinson (Boys' Welfare) 212,449 (25,009) 187,440
Legacies and Memorials 15,784 (1,858) 13,926
StMatthias
Organ
Balance at Gain/(loss)
on		 Transfers Balance at
1.1.2021 Incomef investments
f.		 between funds 31.12.2021
Expendable
Dalgamo-Robinson		 (General) 96,036 13,738 109,774
Dalgarno-Robinson (Boys' Welfare) 185,861 26,588 212,449
Legacies and Memorials 13,808 1,976 15,784
StMatthias
Organ

(d) DESIGNATED FU NDS
Balance at Revaluations Balance at
1.1.2022
f		 Income
f		 Expenditure sud Gains
f		 Transfers 31.12.2022
f
Fixed asset fund 7430,880 641,126 7,872,006
Fabric fund 749574 182472 184792 ~747
54
Balance at Balance at
1.1.2021 Income
f		 Expenditure Revaluations
f		 Transfers 31.12.2021
Fixed asset fund 6,610,880 620,000 7,230,880
Fabric fund 623 655 ~15 122 69203 ~74
574
(e) UNRESTRICTED FUNDS
Balance at Gain/(loss) on Transfers Balance at
1.1.2022
f.		 Income
f		 Expenditure investments between funds 31.12.2022
General fund
Balance at Gain on Transfers Balance at
1.1.2021
f		 Income
f		 Expenditure
f		 investments
f		 between funds 31.122021
f
General fund

2022 2021
f
Tax recoverable 7,322 9469
Other 167 577 36756
CREDITORS
2022 2021
Investment property deposits 4,655 4,655
Accruals and deferred income 33,938 60,853
Other 17 530 10826

The total future minimum
lease payments
under non-c		 ancellable
operating
leases ar		 e as follows:
2022 2021
I g
Within one year 1,172
After one year, but within five years
The operating
lease changes for the year were:
Hire ofPlant and Machinery