| Page | |||||
|---|---|---|---|---|---|
| Report ofthe Trustees | 1 | to | 4 | ||
| Independent Examiner's |
Report | ||||
| Statement ofFinancial | Activities | ||||
| Balance Sheet | |||||
| Notes to the Financial Statements | 8 | to | 15 | ||
| Detailed Statement of Financial |
Activities | 16 | to | 17 |
| 2023 | 2022 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | |||||
| funds | fund | funds | funds | funds | |||||
| Notes | |||||||||
| INCOME AND | |||||||||
| ENDOWMENTS | FROM | ||||||||
| Donations and legacies |
90,019 | 27,434 | 117,453 | 203,912 | |||||
| Other trading activities |
36,806 | 4,242 | 41,048 | 41,650 | |||||
| Total | 126,825 | 31,676 | 158,501 | 245,562 | |||||
| EXPENDITURE | ON | ||||||||
| Raising funds | 91,183 | 91,183 | 80,860 | ||||||
| Charitable activities |
|||||||||
| General | 43,230 | 5,133 | 48,363 | 44,971 | |||||
| Total | 134,413 | 5,133 | 139,546 | 125,831 | |||||
| Net gains/(losses) | on | ||||||||
| 1livestluelits | 9,475 | t8.426 | 27,901 | (39,475) | |||||
| NET | |||||||||
| INCOME/(EXPENDITURE) | (7,588) | 36,018 | 18,426 | 46,856 | 80,256 | ||||
| RECONCILIATION | OF | ||||||||
| FUNDS | |||||||||
| Total funds brought | forward | 437,061 | 288,303 | 188,624 | 913,988 | 833,732 | |||
| TOTAL FUNDS | CARRIED | ||||||||
| FORWARD | 429,473 | 324,321 | 207,050 | 960,844 | 913,988 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | ||
| funds | fund | funds | funds | funds | ||
| Notes | ||||||
| FIXEDASSETS | ||||||
| Tangible assets | 5 | 347,000 | 347,000 | 347,000 | ||
| Investments | 6 | 109,320 | 212,580 | 321,900 | 294,000 | |
| 347,000 | 109,320 | 212,580 | 668,900 | 641,000 | ||
| CURRENT ASSETS | ||||||
| Debtors | 13,364 | 1,326 | 14,690 | 29,072 | ||
| Cash at bank | 74,171 | 215,744 | 289,915 | 256,230 | ||
| 87,535 | 217,070 | 304,605 | 285,302 | |||
| CREDITORS | ||||||
| Amounts falling due within one |
||||||
| year | (5,062) | (2,069) | (5,530) | (12,661) | (12,314) | |
| NET CURRENT ASSETS | 82,473 | 215,001 | (5,530) | 291,944 | 272,988 | |
| TOTAL ASSETSLESS | ||||||
| CURRENT LIABILITIES | 429,473 | 324,321 | 207,050 | 960,844 | 913,988 | |
| NET ASSETS | 429,473 | 324,321 | 207,050 | 960,844 | 913,988 | |
| FUNDS | 10 | |||||
| Unrestricted funds |
429,473 | 437,061 | ||||
| Restricted funds | 324,321 | 288,303 | ||||
| Endowment funds |
207,050 | 188,624 | ||||
| TOTAL FUNDS | 960,844 | 913,988 |
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| 2023 | 2022 | |
| Church collections general |
8,614 | 11,589 |
| Fund raising activities | 4,825 | 3,766 |
| Spire sales and advertising | 2,254 | 2,675 |
| Wedding and funeral fees |
7, 121 | 11,878 |
| Dividends and interest |
12,165 | 9,832 |
| Softplay transfers | 713 | 1,910 |
| Walsingham pilgramage |
5,356 | |
| 41,048 | 41,650 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Wages and salaries (Office admin & Premise cleaning wages included) | 15,275 | 12,895 | |||||
| 15,275 | 12,895 | ||||||
| The average monthly number ofemployees |
during | the year was as follows: | |||||
| 2023 | 2022 | ||||||
| Employees | |||||||
| No el11ployees received | emoluments | in excess off60,000. | |||||
| TANGIBLE FlXFD ASSFTS | |||||||
| Freehold | |||||||
| property | |||||||
| COST | |||||||
| At 1 January 2023 and | 31 December 2023 | 347,000 | |||||
| NET BOOK VALUE | |||||||
| At 31 December 2023 | 347,000 | ||||||
| At 31 December 2022 | 347,000 | ||||||
| 6. | FIXEDASSET INVESTMENTS | ||||||
| Listed | |||||||
| investments | |||||||
| MARKET VALUE | |||||||
| At 1 January 2023 |
294,000 | ||||||
| Disposals | 27,900 | ||||||
| At 31 December 2023 | 321,900 | ||||||
| NET BOOK VALUE | |||||||
| At 31 December 2023 | 321,900 | ||||||
| At 31 December 2022 | 294,000 |
| There were no investment | There were no investment | assets outside the UK. | |||
|---|---|---|---|---|---|
| 7. | DEBTORS:AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||
| 2023 | 2022 | ||||
| Trade debtors | 14,690 | 29,072 | |||
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 2023 | 2022 | ||||
| Bank loans and overdrafts | (see note 9) | 5,530 | |||
| Trade creditors | 12,661 | 5,793 | |||
| Other creditors | 991 | ||||
| 12,661 | 12,314 | ||||
| 9. | LOANS | ||||
| An analysis ofthe maturity | ofloans is given below: | ||||
| 2023 | 2022 | ||||
| Amounts falling due within |
one year on demand: | ||||
| Bank overdrafts | 5,530 | ||||
| 10. | MOVEMENT IN | FUNDS | |||
| Net | |||||
| movement | At | ||||
| At 1.1.23 | in funds | 31.12.23 | |||
| Unrestricted funds |
|||||
| General f'und |
437,061 | (7,588) | 429,473 | ||
| Restricted funds | |||||
| Restricted | |||||
| 288,303 | 36,018 | 324,321 | |||
| Endowment funds |
|||||
| Parish Endowment | Fund | 188,624 | 18,426 | 207,050 | |
| TOTALFUNDS | 913,988 | 46,856 | 960,844 |
| Incoming | Resources | Gains and | Movement | ||||
|---|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||||
| Unrestricted | funds | ||||||
| General fund | 126,825 | (134,413) | (7,588) | ||||
| Restricted funds |
|||||||
| Restricted | |||||||
| 31,676 | (5 133) | 9,475 | 36,018 | ||||
| Endowment | funds | ||||||
| Parish Endowment | Fund | 18,476 | 18,476 | ||||
| TOTAL FUNDS | 158,50 I | (139.5461 | 77,901 | 46,856 | |||
| Comparatives | for | movement | in funds | ||||
| Net | |||||||
| movement | At | ||||||
| At 1.1.22 | in funds | 31.12.22 | |||||
| Unrestricted | funds | ||||||
| General fund | 392,553 | 44,508 | 437,061 | ||||
| Restricted funds |
|||||||
| Restricted | |||||||
| 226,486 | 61,817 | 288,303 | |||||
| Endowment | funds | ||||||
| Parish Endowment | Fund | 214,693 | (26,069) | 188,624 | |||
| TOTAL FUNDS | 833,732 | 80,256 | 913,988 |
| Comparative | net movement | net movement | in funds, included | in the above are | in the above are | as follows: | ||
|---|---|---|---|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | |||||
| resources | expended | losses | in funds | |||||
| Unrestricted | funds | |||||||
| General fund | 162,672 | (118,164) | 44,508 | |||||
| Restricted funds |
||||||||
| Restricted | ||||||||
| 82,890 | (7,667) | (13,406) | 61,817 | |||||
| Endowment | funds | |||||||
| Parish Endowment | Fund | (26,069) | (26,069) | |||||
| TOTAL FUNDS | 245,562 | (125,831) | (39,475) | 80,256 | ||||
| A current year 12months | and prior year 12months | combined position is as follows: | ||||||
| Net | ||||||||
| movement | At | |||||||
| At 1.1.22 | in funds | 31.12.23 | ||||||
| Unrestricted | funds | |||||||
| General fund | 392,553 | 36,920 | 429,473 | |||||
| Restricted funds |
||||||||
| Restricted | ||||||||
| 226,486 | 97,835 | 324,321 | ||||||
| Endowment | funds | |||||||
| Parish Endowment | Fund | 214,693 | (7,643) | 207,050 | ||||
| TOTAL FUNDS | 833,732 | 127,112 | 960,844 |
| Incoming | Resources | Gains and | Movement | |||
|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | |||
| Unrestricted | funds | |||||
| General fund |
289,497 | (252,577) | 36,920 | |||
| Restricted funds |
||||||
| Restricted | ||||||
| 114,566 | (12,800) | (3,931) | 97,835 | |||
| Endowment | funds | |||||
| Parish Endowment | Fund | (7,643) | (7,643) | |||
| TOTAL FUNDS | 40-1,063 | (265,3771 | (11,574) | 127, I l 2 |
| The movements included in the accounts are as |
follows: | |||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Saints and Sirmers Softplay |
(555) 1,268 |
(83) 1,993 |
||
| Total movements | 713 | 1,910 |
| 2023 | 2022 | ||
|---|---|---|---|
| INCOME AND ENDOWMENTS | |||
| Donations and legacies |
|||
| Donations | 1,440 | 1,856 | |
| Halls | 28,544 | 27,683 | |
| Curate House | 7,742 | 8,061 | |
| Legacies | 41,426 | ||
| Tax efficient planned | giving | 34,122 | 26,571 |
| Tax recovered through |
Gitt Aid | 11,058 | 10,149 |
| Other planned giving |
7,113 | 12,653 | |
| Tower appeal | 27,434 | 75,513 | |
| 117,453 | 203,912 | ||
| Other trading activities |
|||
| Church collections general | 8,614 | 11,589 | |
| Fund raising activities | 4,825 | 3,766 | |
| Spire sales and advertising | 2 254 | 2,675 | |
| WeddIng and funera1 |
fees | 7,12 I | 11,878 |
| Dividends and interest |
12,165 | 9,832 | |
| Softpiay transfers | 7]3 | 1,910 | |
| Walsingham pilgramage |
5,356 | ||
| 41.048 | 41,650 | ||
| Total incoming resources |
158,501 | 245,562 | |
| EXPENDITURE | |||
| Other trading activities |
|||
| Freewill contributions | 48,876 | 47,500 | |
| Vicar's working expenses |
2,067 | 1,730 | |
| Cleaning costs | 6,941 | 5,973 | |
| Vicarage expenses | 816 | 1,088 | |
| Light and heat | 19,790 | 9,565 | |
| Water | 1,196 | 1,711 | |
| lnsurances | 8,257 | 10,053 | |
| Spire costs | 3,240 | 3,240 | |
| 91,183 | 80,860 | ||
| Charitable activities |
|||
| Wages and honoraria | 8,334 | 8,547 | |
| Carried forward | 8,334 | 8,547 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Charitable activities |
|||||
| Brought forward | 8,334 | 8,547 | |||
| Telephone | 571 | 608 | |||
| Postage and stationery | 3,333 | 2,071 | |||
| Sundries | 1,269 | 1,339 | |||
| Church repairs k, maintenance | 8,895 | 15,328 | |||
| Par Hall repairs &maintenance | 1,386 | 1,196 | |||
| SJHall repairs k maintenance | 999 | 1,622 | |||
| Curate House repairs | k | mainten | ance | 6,534 | 993 |
| Upkeep ofservices | 9,607 | 8,755 | |||
| Home mission and training | 938 | 373 | |||
| Fundraising activities |
3,000 | ||||
| Walsingham pilgramage |
4,893 | ||||
| 46,759 | 43,832 | ||||
| Support costs | |||||
| Governance costs |
|||||
| Accountancy and legal fees |
1,604 | 1,139 | |||
| Total resources expended | 139,546 | 125,831 | |||
| Net income before gains and losses | 18,955 | 119,731 | |||
| Realised recognised | gains and | losses | |||
| Realised gains/(losses) | on fixed | asset investments | 27,901 | (39,475) | |
| Net income | 46,856 | 80,256 |