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