| Page | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Report | of | the | Trustees | I | to | 5 | |||
| Independent | Examiner's | Report | 6 | ||||||
| Statement | of | Financial | Activities | 7 | |||||
| Balance | Sheet | 8 | |||||||
| Cash Flow | Statement | 9 | |||||||
| Notes |
to | the | Cash Flow | Statement | 10 | ||||
| Notes |
to | the | Financial | Statements | I I | to | 21 | ||
| Detailed | Statement |
of | Financial |
Activities | 22 | to |
23 |
| Trustees | ||||
|---|---|---|---|---|
| PCC members | who have served from Ist | January 2022 until the date this report was approved are: | ||
| Incumbent: | The Revd Rebecca Alison Lumley (Chairman) | |||
| Readers: | Stephen Parkin | and John Edmond | ||
| Wardens: | Beverley Lawrence, Gill Gregory, Jill Edmond, and Keith Gilson | |||
| Deanery Synod | Members: | Joanne Boulter and Ed Norman | ||
| Elected Members: |
||||
| Mark Merryweather | Alice Lee | Lesley Jackson | ||
| Richard Mattock | Simon Pike | lan Jackson | ||
| Anne Crossley | Allan Ball | |||
| Andrew Allison |
David Warren | |||
| Treasurer: | Anne Mansfield | |||
| Secretary: | Janet Osgerby | |||
| Independent |
Examiner | |||
| Adrian M Allen | ||||
| Sowerby | ||||
| Chartered Accountants |
||||
| Beckside Court | ||||
| Annie Reed Road | ||||
| Beverley | ||||
| East Yorkshire | ||||
| HU17 0LF |
| St Mary's Vicarage | St Mary's Vicarage |
|---|---|
| 15 Molescroft |
Road |
| Beverley | |
| East Yorkshire | |
| HU17 7DX |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | |||
| fund | funds | funds | funds | funds | |||
| Notes | L | L | { | ||||
| INCOME AND |
|||||||
| ENDOWMENTS | FROM | ||||||
| Donations and legacies |
351,363 | 303,479 | 654,842 | 224,058 | |||
| Charitable activities |
|||||||
| Church Activities | I I ,562 | I I ,562 | II ,430 | ||||
| Other trading activities |
35,572 | 18,154 | 53,726 | 40,628 | |||
| Investment income |
30,055 | 22,968 | 53,023 | 48,545 | |||
| Other income | 2,500 | ||||||
| Total | 428,552 | 344,601 | 773, I53 | 327,1(il | |||
| EXPENDITURE |
ON | ||||||
| Raising funds | 6 | 17,678 | 520 | 18,198 | 12,751 | ||
| Charitable activities |
7 | ||||||
| Church Activities | 197,334 | 89,584 | 286,918 | 321,255 | |||
| Total | 215,012 | 90,104 | 305,116 | 334,006 | |||
| Net gains/(losses) |
on investments | 50,933 | 92,942 | 36,393 | 180,268 | (222,440) | |
| NET | |||||||
| INCOME/(EXPENDITURE) | 264,473 | 347,439 | 36,393 | 648,305 | (229,285) | ||
| RECONCILIATION | OF | ||||||
| FUNDS | |||||||
| Total funds brought | forward | 510,544 | 1,088,116 | 542,756 | 2,141,416 | 2,370,701 | |
| TOT AL FUNDS |
CARRIED | ||||||
| FORWARD | 775,017 | 1,435,555 | 579,149 | 2,789,721 | 2,141,416 |
| 2023 | 2022 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | ||||
| fund | funds | funds | funds | funds | ||||
| Notes | { | { | { | { | ||||
| FIXED ASSETS |
||||||||
| Investments | II | 666,885 | 1,145,564 | 579,149 | 2,391,598 | 1,811,330 | ||
| CURRENT | ASSETS | |||||||
| Stocks | 1,148 | 1,148 | 91 I | |||||
| Debtors | 20,766 | 14,292 | 35,058 | IS,331 | ||||
| Cash at bank | 102,633 | 293,348 | 395,981 | 328,071 | ||||
| 124,547 | 307,640 | 432, 187 | 344,313 | |||||
| CREDITORS | ||||||||
| Amounts |
falling due | within one year | 14 | (16,415) | (17,649) | (34,064) | (14,227) | |
| NET CURRENT |
ASSETS | 108,132 | 289,991 | 398,123 | 330,086 | |||
| TOTAL |
ASSETS |
LESS | ||||||
| CURRENT | LIABILITIES | 775,017 | 1,435,555 | 579,149 | 2,789,721 | 2,141,416 | ||
| NET ASSETS | 775,017 | 1,435,555 | 579,149 | 2,789,721 | 2,141,416 | |||
| FUNDS | IS | |||||||
| Unrestricted | funds | 775,017 | 510,544 | |||||
| Restricted | funds | 1,435,555 | I ,oss, 116 | |||||
| Endowment | funds | 579, 149 | 542,756 | |||||
| TOTALFUNDS | 2,789,721 | 2,141,416 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Notes | |||||
| Cash flows from | operating | activities | |||
| Cash generated from operations |
414,887 | (52,881) | |||
| Net cash provided | by/(used | in) operating | activities | 414,887 | (52,881) |
| Cash flows from | investing | activities | |||
| Purchase of fixed | asset investments | (400,000) | |||
| Dividends received | 53,023 | 48,545 | |||
| Net cash (used in)/provided |
by investing | activities | (346,977) | 48,545 | |
| Change in cash |
and cash | equivalents | in the | ||
| reporting period |
67,910 | (4,336) | |||
| Cash and cash equivalents | at the beginning | ||||
| of the reporting | period | 328,071 | 332,407 | ||
| Cash and cash equivalents | at the end of | ||||
| the reporting period |
395,98I | 328,071 |
| ACTMTIES | ||||
|---|---|---|---|---|
| 2023 | 2022 | |||
| { | { | |||
| Net income/(expenditure) |
for the reporting | period (asper the | ||
| Statement of Financial Activities) |
648,305 | (229,285) | ||
| Adjustments for: |
||||
| (Gain)/losses on investments | (180,268) | 222,440 | ||
| Dividendsreceived | (53,023) | (48,545) | ||
| (Increase)/decreaseinstocks | (237) | 135 | ||
| (Increase)/decrease in debtors | (19,727) | I, 108 | ||
| Increase in creditors | 19,837 | 1,266 | ||
| Net cash provided by/(used | in) operations | 414,887 | (52,881) |
| At 1/1/23 | Cash flow | At 3l/I 2/23 | ||
|---|---|---|---|---|
| Net |
cash | |||
| Cash | at bank | 328,071 | 67,910 | 395,981 |
| 328,071 | 67,910 | 395,981 | ||
| Total | 328,071 | 67,910 | 395,981 |
| DONATIONS |
DONATIONS |
AND | AND | LEGACIES | LEGACIES | |||
|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||||
| Planned Giving - | Gift Aid Dona tion | 72,508 | 76,90 | |||||
| Gift aid | 20, 109 | 46,84 | ||||||
| Legacies | 484,960 | 4 000 | ||||||
| Plate collections | 22,766 | 23,293 | ||||||
| Donations, | appeals | etc | 54,499 | 73 023 | ||||
| 654,842 | 224,058 | |||||||
| OTHER |
TRADING |
ACTMTIES | ||||||
| 2023 | 2022 | |||||||
| Fundraising | 22,382 | 4,539 | ||||||
| Church & | Parish | Hall letting | 27 763 | 23 17 | ||||
| Bookstall | 2,918 | |||||||
| 53,726 | 40,628 | |||||||
| INVESTMENT |
INCOME | |||||||
| 2023 | 2022 | |||||||
| L | ||||||||
| Investment | income | 53 023 | 48,545 | |||||
| INCOME | FROM | CHARIT | ABLE | ACTIVITIES | ||||
| 2023 | 2022 | |||||||
| Activity | ||||||||
| PCC Fees | Church Activities | 430 |
| 2023 | 2022 | ||
|---|---|---|---|
| Purchases | 446 | 059 | |
| Fundraising | expenses | 6,752 | 692 |
| 18, 198 | 12,751 |
| Support | ||||
|---|---|---|---|---|
| Direct | costs (see | |||
| Costs | note 8) | Totals | ||
| Church | Activities | 284,926 | I ,992 | 286,918 |
| COMPARATIVES | FOR THE | STATEMENT | OF FINANCIAL | ACTIVITIES | ||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | |||||
| fund | funds | funds | funds | |||||
| { | { | |||||||
| INCOME AND |
ENDOWMENTS | FROM | ||||||
| Donationsandlegacies | 147,730 | 76,328 | 224 058 | |||||
| Charitable activities |
||||||||
| ChurchActivities | 11,430 | I I ,430 | ||||||
| Other trading activities |
22,297 | 18,331 | 40,628 | |||||
| Investment income |
25,708 | 22,837 | 48,545 | |||||
| Other income | 2,500 | 2,500 | ||||||
| Total | 209,665 | 117,496 | 327, 161 | |||||
| EXPENDITURE | ON | |||||||
| Raising funds | II ,841 | 910 | 12,751 | |||||
| Charitable activities |
||||||||
| Church Activities | 159, 162 | 162,093 | 321,255 | |||||
| Total | 171 ,003 | 163,003 | 334,006 | |||||
| Net gains/(losses) | on | investments | (55,852) | (113,785) | (52,803) | (222,440) | ||
| NET INCOME/(EXPENDITURE) | (17,190) | (159,292) | (52,803) | (229,285) | ||||
| RECONCILIATION | OF FuNDS | |||||||
| Total funds brought | forward | 527,734 | I ,247,408 | 595,559 | 2,370,701 | |||
| TOT AL FUNDS |
CARRIED |
FORWARD | S10,544 | I ,oss, 116 | 542,756 | 2, 141 ,416 |
| FIXED ASSET INVESTMENTS |
|
|---|---|
| Listed | |
| investments | |
| MARKETVALUE | |
| At I January 2023 | 1,811,330 |
| Additions | 400,000 |
| Revaluations | 180,268 |
| At 31 December 2023 | 2,391 ,598 |
| NETBOOKVALUE | |
| At 31 December 2023 | 2,391 ,598 |
| At 31 December 2022 | 1,811,330 |
| There were no investment assets outside the UK. |
| Listed | ||||||
|---|---|---|---|---|---|---|
| nvestments | ||||||
| Valuation in 2023 | 2,391 ,598 | |||||
| STOCKS | ||||||
| 2023 | 2022 | |||||
| Stocks | 91 I | |||||
| DEBTORS: |
AMOUNTS | FALLING | DUE WITHIN | ONE YEAR | ||
| 2023 | 2022 | |||||
| Other debtors | 32,389 | 12,583 | ||||
| Gift Aid recoverable | 2,669 | 2,748 | ||||
| 35,058 | 15,331 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| L | ||||||
| Other creditors | 34,064 | 14,227 | ||||
| MOVEMENT | IN | FUNDS | ||||
| Net | ||||||
| movement | ||||||
| At 1/1/23 | in funds | 31/12/23 | ||||
| Unrestricted | funds | |||||
| General fund | 510,544 | 264,473 | 775,017 | |||
| Restricted |
funds | |||||
| Restoration |
Fund | 920,481 | 371,724 | I ,292,205 | ||
| Organ Fund | 82,004 | (28,762) | 53,242 | |||
| Parish Hall | 51,675 | (108) | 51 ,567 | |||
| Tower Fund | 21 ,865 | 2,403 | 24,268 | |||
| Other Restricted |
Fund | 12,091 | 2, 182 | 14,273 | ||
| I | ,oss, 116 | 347,439 | I ,435,555 | |||
| Endowment | funds | |||||
| Restoration |
Fund | 191,537 | 8,417 | 199,954 | ||
| Organ Fund | 77,926 | 6, 197 | 84, 123 | |||
| Endowment |
Fund | 273,293 | 21,779 | 295,072 | ||
| 542,756 | 36,393 | 579,149 | ||||
| TOTALFUNDS | 2, 141 ,416 | 648,305 | 2,789,721 |
| Incoming | Resources | Gains and | Movement | |||
|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | |||
| L | ||||||
| Unrestricted | funds | |||||
| General fund | 428,552 | (215,012) | 50,933 | 264 473 | ||
| Restricted |
funds | |||||
| Restoration |
Fund | 316,420 | (27,632) | 82,936 | 371 ,724 | |
| Organ Fund | 4,551 | (38,381) | 5,068 | (28,762) | ||
| Parish Hall | 18,902 | (21 ,513) | 2,503 | (108) | ||
| Tower Fund | 1,557 | (1,589) | 2,435 | 2,403 | ||
| Other Restricted | Fund | 3, 171 | (989) | 2, 182 | ||
| 344,601 | (90, 104) | 92,942 | 347,439 | |||
| Endowment | funds | |||||
| Restoration |
Fund | 8,417 | 8,417 | |||
| Organ Fund | 6, 197 | 6, 197 | ||||
| Endowment |
Fund | 21 ,779 | 21 ,779 | |||
| 36,393 | 36,393 | |||||
| TOT AL FUNDS |
773, I 53 | (305, 116) | 180,268 | 648,305 |
| Net | |||||
|---|---|---|---|---|---|
| movement | |||||
| At 1/1/22 | in funds | 31/12/22 | |||
| Unrestricted | funds | ||||
| General fund | 527,734 | (17,190) | 510,544 | ||
| Restricted |
funds | ||||
| Restoration |
Fund | I ,058,083 | (137,602) | 920,481 | |
| Organ Fund | 87,772 | (5,768) | 82,004 | ||
| Parish Hall | 50,517 | 1,158 | 51 ,675 | ||
| Tower Fund | 23,805 | (1,940) | 21 ,865 | ||
| Other Restricted | Fund | 13,215 | (1,124) | 12,091 | |
| Bosses Project | 14,016 | (14,016) | |||
| I ,247,408 | (159,292) | I ,oss, 116 | |||
| Endowment | funds | ||||
| Restoration |
Fund | 208,600 | (17,063) | 191,537 | |
| Organ Fund | 82,851 | (4,925) | 77,926 | ||
| Endowment |
Fund | 304, 108 | (30,815) | 273,293 | |
| 595,559 | (52,803) | 542,756 | |||
| TOT AL FUNDS |
2,370,701 | (229,285) | 2,141,416 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| Unrestricted | funds | ||||
| General fund | 209,665 | (171,003) | (55,852) | (17,190) | |
| Restricted |
funds | ||||
| Restoration | Fund | 51 ,912 | (88,387) | (101,127) | (I 37,602) |
| Organ Fund | 7,222 | (5,820) | (7, 170) | (5,768) | |
| Parish Hall | 18,288 | (13,588) | (3,542) | I , I 58 | |
| Tower Fund | 2,559 | (2,553) | (1,946) | (1,940) | |
| Other Restricted Fund | 6,584 | (7,708) | (1,124) | ||
| Bosses Project | 30,931 | (44,947) | (14,016) | ||
| 117,496 | (163,003) | (113,785) | (159,292) | ||
| Endowment | funds | ||||
| Restoration | Fund | (17,063) | (17,063) | ||
| Organ Fund | (4,925) | (4,925) | |||
| Endowment | Fund | (30,815) | (30,815) | ||
| (52,803) | (52,803) | ||||
| TOT AL FUNDS |
327, 161 | (334,006) | (222,440) | (229,285) |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| INCOME |
AND | ENDOWMENTS | |||
| Donations | and | legacies | |||
| Planned Giving - Gift Aid Dona tion | 72,508 | 76,901 | |||
| Gift aid | 20,109 | 46,841 | |||
| Legacies | 484,%0 | 4,000 | |||
| Plate collections | 22,766 | 23,293 | |||
| Donations, | appeals | etc | 54,499 | 73,023 | |
| 654,842 | 224,058 | ||||
| Other trading |
activities | ||||
| Fundraising | 22,382 | 14,539 | |||
| Church & | Parish | Hall letting | 27,763 | 23,171 | |
| Bookstall | 3,581 | 2,918 | |||
| 53,726 | 40,628 | ||||
| Investment | income | ||||
| Investment | income | 53,023 | 48,545 | ||
| Charitable | activities | ||||
| PCC Fees | 11,562 | II ,430 | |||
| Other income |
|||||
| Other income | 2,500 | ||||
| Total incoming |
resources | 773,153 | 327,161 | ||
| EXPENDITURE | |||||
| Other trading |
activities | ||||
| Bookstall | I ,446 | I ,059 | |||
| Fundraising | expenses | 16,752 | II ,692 | ||
| 18, 198 | 12,751 | ||||
| Charitable | activities | ||||
| Mission & | charitable giving | 2,835 | 7,894 | ||
| Carried forward | 2,835 | 7,894 |
| 2023 | 2022 | |||||||
|---|---|---|---|---|---|---|---|---|
| Charitable activities |
||||||||
| Brought forward |
2,835 | 7,894 | ||||||
| Parish share | 73,500 | 72,504 | ||||||
| Church upkeep |
31 ,016 | 24,950 | ||||||
| Working expenses |
of | incumbent | 25,8 10 | 13,455 | ||||
| Vicarage | 934 | |||||||
| Clergy assistants |
183 | 1,320 | ||||||
| Minor maintenance |
& | repairs | 19,023 | 16,750 | ||||
| Church services |
750 | 2,039 | ||||||
| Parish training, mission, |
educ ation | 18,402 | 12,038 | |||||
| Major Church repairs |
88,427 | 151 ,009 | ||||||
| Major Parish Hall repairs | II ,624 | |||||||
| Honoraria eg choir, |
organists | 13,356 | 10,134 | |||||
| 284,926 | 313,027 | |||||||
| Support costs |
||||||||
| Governance costs |
||||||||
| Accountancy and |
ind | exam'n | I ,992 | 8,228 | ||||
| Total resources expended |
305, 116 | 334,006 | ||||||
| Net income/(expenditure) | before | gains | and | |||||
| losses | 468,037 | (6,845) | ||||||
| Realised recognised |
gains | and losses | ||||||
| Realised gains/(losses) | on fixed | asset | investments | 180,268 | (222,440) | |||
| Net income/(expenditure) |
648,305 | (229,285) |