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|||Page|
|---|---|---|
|Report ofthe Trustees||1to 9|
|independent
Examiner's|Report|10|
|Statement
of Financial Activities||11to 12|
|Balance Sheet||13|
|Statement ofCash Flows||14|
|Notes to the Financial Statements||15to 24|
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|~|The Tudor Club|~|a Punjabi|speaking
club and luncheon|group|
|---|---|---|---|---|---|
|~|Seasons Art
—a popular art class|~|the Sutton|Coldfield
Wind Orchestra||
|~|a number ofchoirs and dance groups|~|a "Tiny Toik" baby signing group|||
|~|"Moo"music and dancing for toddlers|~|a number|of counselling
and support|groups|
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|||Notes to||Designated||||
|---|---|---|---|---|---|---|---|
|||the|General
Fund|Funds|Restricted|Endowment|Total|
|||Accounts|(unrestricted)|(Unrestricted)|Funds|Funds|2022|
||||f|E|E|E|E|
|Income||||||||
|Offerings|||64,810||||64,810|
|Legacies|||97||||97|
|Donations
and grants|||8,538||1,562||10,100|
|Gift aid|||16,526||251||16,777|
|Interest and investment|income||715|||163|878|
|income from investment|properties||9,540||||9,540|
|Internal
organisations|||4.935||||4,935|
|Other charitable
income|||54,813||||54,813|
|Total income|||159,974||1,813|163|161,950|
|Expenditure||||||||
|Circuit assessment
or share|||64,309||||64,309|
|Grants and donations|||3,045||||3,045|
|property
maintenance|||10,337||(1,867)||8,470|
|Insurance.
Utilities etc.|||34,976||||34,976|
|Office expenses|||7,081||||7,081|
|Other expenditure|||50,108||25|115|50,248|
|Internal
organisations|||4,057||||4,057|
|Total charitable expenditure|||173,913||(1,842)|115|172,186|
|(Losses)/gains
on monetary||||||||
|investments||10||||(1,540)|(1,540)|
|Gains/(losses)
on investment||||||||
|properties||||||||
|Net (expenditure)
/income|||(13,939)||3,655|(1,492)|(11,776)|
|Transfers
between
funds||||||||
|Other gains/(losses)||||||||
|Net movementin
funds|||(13,939)||3,655|(1,492)|(11,776)|
|Total funds brought forward||18|83,237|6,000|42,487|40,485|172,209|
|Total funds carried forward||18|69,298|6,000|46,142|38,993|160,433|
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|||Notes to||Designated||||
|---|---|---|---|---|---|---|---|
|||the|General
Fund|Funds|Restricted|Endowment|Total|
|||ACCOUnta|(Unrestricted)|(Unrestricted)|Funds|Funds|2021|
||||f|f||f|f|
|Income||||||||
|Offerings|||53,185||||53,185|
|Legacies|||37,225||||37,225|
|Donations
and grants|||5,118||2,223||7,341|
|Gift aid|||12,121||321||12,442|
|Interest and investment|income||395||||395|
|Income from investment|properties||8,745||||8,745|
|Internal
organisations|||538||||538|
|Other charitable
income|||25,168||||25,168|
|Total income|||142,495||2,544||145,039|
|Expenditure||||||||
|Circuit assessment
or share|||63,048||||63,048|
|Grants and donations|||817||||817|
|Property
maintenance|||7,222||5,062||12,284|
|Insurance.
Utilities etc.|||14,372||||14,372|
|Office expenses|||5,892||||5,892|
|Other expenditure|||26,999||20|73|27,092|
|Internal
organisations|||827||||827|
|Total charitable expenditure|||119,177||5,082|73|124,332|
|Gains/(losses)
on monetary||||||||
|investments||10||||3,872|3,872|
|Gains/(losses)
on investment||||||||
|properties||||||||
|Net income/(expenditure)|||23,318||(2,538)|3,799|24,579|
|Transfers
between
funds||||||||
|Other gains/(losses)||||||||
|Net movementin
funds|||23,318||(2.538)|3,799|24,579|
|Total funds brought
forward||18|59,919|6,000|45,025|36,686|147,630|
|Total funds carried forward||18|83,237|6,000|42,487|40,485|172,209|
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|||Notes to||Designated|||||
|---|---|---|---|---|---|---|---|---|
|||the|General
Fund|Funds|Restricted|Endowment|Total|Tote I|
|||accounts|(Unrestricted)|(unrestricted)|Funds|Funds|2022|2021|
||||f|f|f|f|f|f|
|Fixed Assets|||||||||
|Church
buildmg
and other property|||||||||
|Investment
properties|||||||||
|Investments||||||38,993|38,993|40,485|
|Total Fixed|Assets|||||38,993|38,993|40,485|
|Current Assets|||||||||
|Debtors and prepayments||12|22,443||3,999||26,442|18,990|
|Loans by the Church|||||||||
|Investments
with TMCP|||||||||
|Central Finance Board Deposits|||16,814|6,000|15,000||37,814|101,649|
|Cash at Bank and in hand|||31,839||27,143||58,982|19,479|
|Total Current|Assets||71,096|6,000|46,142||123,238|140,118|
|Current
Liabilities|||||||||
|Creditors
(due in under 1year)||15|1,798||||1,798|8,394|
|Grants payable
within 2021-22|||||||||
|Total Current Liabilities|||1,798||||1,798|8,394|
|Net Current Assets/(liabilities)|||69,298|6,000|46,142||121,440|131,724|
|Long Term Liabilities|||||||||
|(due after more than one year)|||||||||
|Grants payable after 2021-22|||||||||
|Loans to the Church|||||||||
|Net|Assets||69,298|6,000|46,142|38,993|160,433|172209|
|Funds ofthe Church|||||||||
|General
Fund (Unrestricted)||16.1|69,298||||69,298|83,237|
|Designated
Funds (Unrestricted)||16.2||6,000|||6,000|6,000|
|Total Unrestricted|Funds||69,298|6,000|||75,298|89,237|
|Restricted
Funds||17|||46,142||46,142|42,487|
|Endowment
Funds||17||||38,993|38,993|40,485|
|TotalFunds|||69,298|6,000|46,142|38,993|160,433|172,209|
##
|||||||||Total|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||||||2022|2021|
|Cash from operating
activities||||||||||
|New cash (used)/generated
in operating|||activities|||||(34,750)|(12,992)|
|Cash flows from investing
activities||||||||||
|Dividends,
interest and rents from investments||||||||10,418|9,140|
|Proceeds from the sale of property,|plant||and|equipment||||||
|Purchase of property,
plant and equipment||||||||||
|Purchase of intangible
assets||||||||||
|Proceeds from the sale of investments||||||||||
|Purchase of investments||||||||||
|Other||||||||||
|Net cash provided
by investing
activities||||||||10,418|9,140|
|Cash flows from financing activities||||||||||
|New borrowings||||||||||
|Repayment
of borrowings||||||||||
|Net cash used in financing
activities||||||||||
|Change
in cash and cash equivalents||in the reporting|||period|||(24,332)|(3,852)|
|Cash and cash equivalents
at the beginning
of||||the reporting||period||121,128|124,980|
|Cash and cash equivalents
at the end||of|the reporting||period|||96,796|121,128|
|Reconciliation
ofnet income to net||cash flow from|||0 cretin||activities|||
|Net (expenditure)/income
for the|reporting|||period||||||
|(as per statement
offinancial
activities)||||||||(11,776)|24,579|
|Adjustments
for:||||||||||
|Depreciation
and amortisation
charges||||||||||
|Profit on the sale offixed assets||||||||||
|Loss on the sale offixed assets||||||||||
|Losses/(gains
on investments||||||||1,492|(3,799)|
|Dividends,
interest
and rents from|investments|||||||(10,418)|(9,140)|
|Decrease/(increase)
in stocks||||||||||
|(increase)/decrease
in debtors||||||||(7,452)|(2,254)|
|(Decrease)/increase
in creditors||||||||(6,596)|(22,378)|
|Net cash used in operating
activities||||||||(34,750)|(12,992|
|Anal
isofcash and cash e uivalent||||||||||
|Cash
in hand||||||||37,814|101,649|
|Short term deposit (less than 3 months)||||||||58,982|19,479|
|Total cash and cash equivalents||||||||96,796|121,128|
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||||2022|2021|
|---|---|---|---|---|
||||E|E|
|Room lettings|||51,410|17,670|
|Weddings,
Baptisms &||Funerals|2,640|3,746|
|Job Retention|Scheme||273|2,886|
|Miscellaneous|income||490|866|
|Total Other Charitable||Income|54,813|25,168|
##
|s salaries paid to tw|o (2|019-20|:t|wo) employees
were as follows:|||
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||E|E|
|Gross pay|||||27,053|26,527|
|Employer's
National|Insurance||contributions||2,121|1,960|
|Less: Employment
Allowance|||||(2,121)|(1,960)|
|Employer's
pension|contributions|||to defined|||
|contribution
schemes|||||1,380|1,337|
|Apprenticeship
levy|||||118|115|
|Total staff costs|||||28p551|27,979|
|Total weekly contractual||hours|for 2 staff||42|42|
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|perty mainten|an|ce||||||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
|Maintenance|of|Church|and Halls|||7,750|3,179|
|Maintenance|of|Church|Cottage|||2,587|4,043|
|Property Maintenance|||(General|Fund)||10,337|7,222|
|Hall Development||Project (Restricted|||Fund)|(1,867)|5,062|
|Total Property|Maintenance|||||8,470|12,284|
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|||2022|2021|
|---|---|---|---|
|||E|E|
|Printing,
postage and stationery||1,223|234|
|Telephone
and broadband||357|370|
|Staffing and expenses||4,108|4,309|
|Bank charges||553|139|
|Examiner's
fees||840|840|
|Total charge to General|Fund|7,081|5,892|
##
||||2022|2021|
|---|---|---|---|---|
||||E||
|Church activities|||1,444|1,492|
|Caretaker / Cleaning
Costs|||25,571|24,490|
|Contribution
to the Connexion||Pension Reserve Fund|20,500||
|Choir and music costs|||2,593|1,017|
|Total charged to General|Fund||50,108|26,999|
|Other (charged to Restricted||Fund)|25|20|
|Other (charged to Endowment||Funds)|115|73|
|Total|||50,248|27,092|
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|Debtors were|mad|e up as follows:|||
|---|---|---|---|---|
||||2022|2021|
||||E|E|
|Trade debtors|||||
|Prepayments|and|accrued income|||
|Gift aid tax and VAT receivable|||12,556|8,446|
|Circuit assessment||paid in advance|5,449|5 359|
|Insurance
paid|in|advance|5,601|5,085|
|Pre-paid gas|||1,121||
|Room lettings|||1,715|100|
|Total (net)|||26,442|18,990|
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||||2022f|2021f|
|---|---|---|---|---|
|Creditors:|||||
|Donations|paid in advance|||1,050|
|Building repairs &maintenance|||300|5993|
|Utilities|||658|155|
|Audit and|examiner's|fee|840|840|
|Total|||1,798|8,038|
|Accruals:|||||
|PAYE and|pension contributions|||356|
|Taxation and Social Security||||356|
|Total|||1,798|8,394|
##
|Maturity|analysis o|fbasic financial|instruments|instruments|||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||Accrued at||||Accrual made|Accrued||at|
||||1Sept|2021|Paid in|year|In year|31Aug|2022||
||||f||f||f|f|||
|Trade creditors|||||||||||
|Donations|paid in advance|||1,050||(1,050)|||||
|Building repairs and||maintenance||5993||(5993)|300|||300|
|Utilities||||155||(155)|658|||658|
|Audit and|examiner's|fee||840||(840)|840|||840|
|Taxation|and Social|Security||356||(356)|||||
|Total||||8,394||(8,394)|1,798||1,798||
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|mparatives
for moveme|nt
in fun|ds||||||
|---|---|---|---|---|---|---|---|
|||Balance at|Income|Expenditure|Transfers|Gains/|Balance at|
|Fund||01-Sep-2020
f||E|E|Losses
E|31-Aug-2021
E|
|General
Fund||59,919|142,495|(119,177)|||83,237|
|Property
Maintenance||6,000|||||6,000|
|(Designated)||||||||
|Total unrestricted|funds|65,919|142,495|(119,177)|||89,237|
|Church
Development|Project|37,619|2,544|(5,062)|||35,101|
|Capital
Fund||7,300|||||7,300|
|Small Funds (&f500each)||106||(20)|||86|
|Total restricted|funds|45,025|2,544|(5,082)|||42,487|
|Capital
Fund||17,083|71|(34)|-|163|17,283|
|CTAvery —Trust A||3,882|72|(72)|-|712|4,594|
|CTAvery —Trust 8||1,552|29|(29)|—|286|1,838|
|Samuel
A Wood Trust||14,169|261|(261)|-|2,601|16,770|
|Total endowment|funds|36,686|433|(396)|-|3,762|40,485|
|Total Funds||147,630|145,472|(124,655)||3,762|172,209|
|rrent year 12months|and prior|year 12months|combines|position as follows||||
|||Balance at|Income|Expenditure|Transfers|Gains/|Balance at|
|||01-Sep-2020||||Lasses|31-Aug-2022|
|Fund|||E|E|f|E|f|
|General
Fund||59,919|302,469|(293.090)|||69,298|
|Property
Maintenance||6,000|||||6,000|
|(Designated)||||||||
|Total unrestricted|funds|65,919|302,469|(293,090)|||75,298|
|Church
Development|Project|37,619|4,357|(3,195)|||38,781|
|Capital
Fund||7,300|||||7,300|
|Small Funds (&f500each)||106||(45)|||61|
|Total restricted|funds|45,025|4,357|(3,240)|||46,142|
|Capital
Fund||17,083|168|(83)|-|81|17,249|
|CTAvery —Trust A||3,882|183|(183)|-|424|4,306|
|CTAvery —Trust 8||1,552|74|(74)|-|170|1,722|
|Samuel
A Wood Trust||14,169|668|(668)|-|1,547|15,716|
|Total endowment|funds|36,686|1,093|(1,008)|-|2,222|38,993|
|Total Funds||147,630|307,919|(297,338)||2 222|160,433|
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