Finance report 2022
The total income for the year 2022 was £310,717 (2021 - £448,649). This income was made up of restricted funds of £188,484 (2021 - £236,914); this includes £100,745 (2021 - £112,952) of donations and grants to support the work of the Manna and Manna Welfare and £87,313 (2021 - £123,962) to support the work of Urban Hope. The grant and contract income for Urban Hope has fallen sharply which has been noted by the Urban Hope Management Committee and the PCC; a program is in place to find additional funding to put the project on a sustainable footing. Unrestricted funds incoming amounted to £122,660 principally Church Giving and fees earnt from property and Church activities. Contributions from Church members including gift aid amounted to £103,101 and was broadly in line with budget. Income from premises hire was £29,575, a significant increase from the figure of £13,555 in 2021 as we recovered from the impact of Coronavirus restrictions.
Expenditure for the year 2022 amounted to £328,195 (2021 - £450,777.91). Spending was £216,064 (2021 - £205,923) of restricted funds and £112,131 (2021 - £244,854) of unrestricted funds. The financial position at year end was £257,983 (2021 - £275,460) made up of £199,722 (2021 - £227,301) of restricted funds and £58,261 (2021 - £48,159) of unrestricted funds.
Manna has strong reserves well in excess of the stated reserves policy of 3 months expenditure. The General fund has seen an improvement in its financial position and now is comfortably within the reserves policy, whilst also managing to increase Common Fund contribution. Further improvements in our common fund contribution are anticipated in the next financial year to bring it closer to the expected contribution. Cautious budgeting with respect to utility costs have meant that the church has not had to apply from Diocesan grants to help with these Costs. The letting of Church Premises continues to provide valuable income and further opportunities will be explored this year.
As already mentioned Urban Hope have found grant funding challenging for 2022. This situation is being carefully monitored and the trustees are working hard to find solutions that will allow the project to continue delivering Youth Services in the Parish.
I am actively looking for people that might like to join the Finance Committee. Most of the Church Finances are now fully automated and hosted on state-of-the-art Church Accounting Software. If you would be interested in finding out how this works, and providing some back up to myself, the project treasurers, and Rose in the Church Office, then please let me know. It is an extremely rewarding role and if you have a numerical
leaning not hard at all. Please let me know if this is something that might be of interest?
I would like to thank all the finance team within the Church: Rose Mwesigwa (Church Administrator), Anne Cartwright (Manna Treasurer), Kate Durkin (Urban Hope Treasurer), Matt Barber (Urban Hope Operations Manager) and Katie Melville (Staff).
Ralph Dunham – Treasurer
St Stephen's, Canonbury: Summary Management Accounts 2022 - Final
----- Start of picture text -----
Opening
Fund Name Balance Income Expenditure Fund Transfers Closing Balance Reserves
General 48,159 122,234 112,131 0 58,261 6
General Restricted 0 426 0 0 426
Urban Hope 80,997 87,313 120,617 0 47,692 5
Urban Hope non-restricted 0 0 0 0 0
Manna 140,120 100,745 95,447 -280 145,138 18
Manna Welfare 6,185 0 0 280 6,465
TOTAL 275,461 310,717 328,195 0 257,983
----- End of picture text -----
Current reserves in months
Key
Level of reserves satisfies the PCC's reserves policy (minimum 3 months for the General Fund, ideally 6 months for The Manna & Urban Hope)
Level of reserves is within an acceptable range (3-6 months for The Manna & Urban Hope) Level of reserves falls below the PCC's reserves policy Level of reserves in excess of normal range
St Stephen's Church, Canonbury Management Accounts - Year End 2022 General Fund and Projects
| Category Group Category Fund Donations Collections General Donations - Church Weekend General Donations Non Gift Aid General Flower Income General One Of Gifts - Non Gift Aid General One of Giving General PGS Income General Refugee Fund Appeal General Regular Donations General Gift Aid Gift Aid General Other Donations Grant to Manna General Grant to Urban Hope General Other Income Bank Interest General Cloudsley Grant General Coram Fields Appeal General Fees General Hall Hire General Rent - Maisonette General Rents - LBI Flats General Appeals Christmas Appeal 2022 General Restricted Category Group Category Fund Admin Bank Charges General Equipment & Consumables General Gift Aid transfers to projects General IT Equipment General IT Support General Insurance General Legal General Licences And Subscriptions General Maintenance Contracts General Stationery General Telephone and Internet General Building Cleaning Materials General LBI Rent General Maintenance Major General Maintenance Minor General Maisonette Repairs General Maisonette Utilities General Tower Expenditure General Utilities General Comms Design & Print General Website General Ministry Children's Ministry Expenses General Church Weekend General Common fund Contribution General Flowers General Manna funding General Ministry Expenses General Mission Giving General Urban Hope Funding General Stafng Contractors General Expenses - Meetings General RM Salary General Salaries General Training General Surplus (Defecit) |
Actual Income Total Budget Budget Received £ £ 842 500 168% 4,650 - 400 - 1,350 1,200 113% - 2,000 0% - 2,000 0% 40,324 40,000 101% - - 17,240 22,560 76% 14,054 16,390 86% (8,700) - n/a (8,700) - n/a - - n/a 2,500 - n/a 529 - n/a 308 500 62% 29,575 10,000 296% 28,680 24,420 117% 2,764 32,000 9% 426 - n/a |
|---|---|
| 126,241 151,570 | |
| Actual Expenditure Total Budget Budget Spent 75 200 37% 441 1,000 44% - - n/a 123 300 41% - 300 0% 4,447 4,300 103% 2,411 - n/a 2,536 2,200 115% 597 1,000 60% 141 250 57% 498 800 62% 2,273 700 325% - 33,000 0% 5,761 5,000 115% 6,146 2,500 103% 9 1,500 1% 5,601 6,000 93% (2,577) - n/a 6,343 6,500 98% 292 600 49% - 200 0% - 500 0% 4,192 - n/a 55,000 55,000 100% 864 1,200 72% (750) 8,700 -9% 1,293 500 259% 4,000 4,000 100% 934 10,140 9% 3,898 4,000 97% - - n/a 10,750 - n/a - 6,000 0% 415 500 83% |
|
| 115,713 156,890 | |
| 10,528 (5,320) |
St Stephen's Church, Canonbury Management Accounts The Manna - 2022
| Category Group | Category | Actual Income |
|---|---|---|
| Grants and Donations | Business and Community | 2,512 |
| Contribution from St Stephens | 8,700 | |
| Gift Aid | 4,412 | |
| Grant Making Trusts | 73,733 | |
| St Stephens Members Contributions | 1,600 | |
| Other Income | Bank Interest | 46 |
| Other Income | 5,008 | |
| Other Individuals GA-able | 1,175 | |
| Other Individuals non GA-able | 2,466 | |
| Statutory - Contract | 1,094 | |
| Total Income | 100,745 | |
| Category Group | Category | Actual Expenditure |
| Mission | Catalyst | 372 |
| Cloudesley Welfare | 3,975 | |
| Equipment | (805) | |
| Food | 6,576 | |
| Groups and Activities | 9,624 | |
| Health | 3,819 | |
| Other | 6,463 | |
| Samaritan Grant | 844 | |
| Running Costs | Cost Share | 4,000 |
| Ofce costs | 1,102 | |
| Staf | Salaries | 58,098 |
| Staf Expenses | 212 | |
| Training and Development | 845 | |
| Volunteer Expenses | 321 | |
| Total Expenditure | 95,447 | |
| Surplus/ defecit | 5,299 |
| Funds Bought Forward Grants and Donations Manna Other Income Manna Total Income Mission Manna Running Costs Manna Staf Manna Total Expenditure Funds Carried Forward |
Actual Income Actual Income 2022 2021 £ £ 146,304 107,308 90,957 103,537 9,788 20,425 |
|---|---|
| 100,745 123,962 | |
| £ £ 30,869 27,253 5,102 6,478 59,476 51,236 |
|
| 95,447 84,966 | |
| 151,602 146,304 |
St Stephen's Church, Canonbury Management Accounts Urban Hope - 2022
| Category Group Category Actual Income Donations Business & Community Donations 35,000 Grant Funding 34,936 Funds Bought Forward One Of Donations 3,783 Regular Giving - Gift Aid 3,600 Donations St Stephens Grant 9,475 Gift Aid Gift Aid Gift Aid Accrual 519 Other income Total Income 87,313 Category Group Category Actual Expenditure Activities Activities - Equipment 388 Activities Christmas Celebrations 374 Admin Dreams 551 Facilities Easter Holiday Activities 1,021 Staf February Half Term 230 Girls Group 490 May Half Term 83 Funds Carried Forward October Half Term 361 Snow Camp 2,231 Summer Holiday Activities 1,499 Weekly Activities - Drop In Food 3,264 Weekly Activities - Drop In Resources 755 Weekly Activities - Mentoring 132 Weekly Activities - Schools Resources 456 Admin Admin Support Subscriptions 1,843 Bank Fees 259 Fundraising 500 Ofce Costs 905 Support - IT and Ofce capital and support 968 Support - Publicity and Comms 55 Facilities Major Maintainance - Minor Maintainance 480 Shared Cost 2,000 Staf CDYW (MB) Salary 47,443 CYW (N N) Salary 7,903 Christmas Celebrations 200 Funding Support 5,100 SR (FYW) 15,008 Sessional Tutors 23,840 Staf Costs 943 Staf Expenses - Training and Subsistence 1,334 Total Expenditure 120,617 Surplus/ Defecit -33,304 |
Income Income 2022 2021 80,997 89,003 86,794 84,271 519 540 28,141 |
|---|---|
| 87,313 112,952 |
|
| Expenditure Expenditure 11,836 10,535 4,530 7,585 2,480 615 101,772 102,223 |
|
| 120,617 120,958 |
|
| 47,692 80,997 |
St Stephen's Church, Canonbury
Statement of Financial Activities
For the Year Ended 31 December 2022
| Note Incoming resources Voluntary Income Activities & Grant Income General Manna Manna Welfare Urban Hope Sound system Concrete Total incoming resources 2 Resources Expended Church Activities Missionary & charitable giving Manna Manna Welfare Urban Hope Concrete Other mission Diocese of London Building works Premises running Total resources expended 3 Net incoming/(outgoing) resources Transfers Net movement in funds Funds at 1 January 2022 Funds at 31 December 2022 8 |
Restricted £ #REF! - #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! 2,082 #REF! #REF! #REF! - #REF! #REF! #REF! |
Unrestricted £ #REF! - #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! - #REF! #REF! #REF! |
2022 Total £ #REF! - #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! |
2021 Total £ 148,886 - 89,302 63,618 4,000 128,540 27,800 36,750 498,896 9,534 106,091 7,359 131,178 50,153 10,486 70,000 36,407 84,442 |
|---|---|---|---|---|
| 505,651 | ||||
| #REF! - #REF! 299,326 #REF! |
(6,755) - (6,755) 306,081 |
|||
| 299,326 |
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St Stephen's Church, Canonbury
Balance Sheet
As at 31 December 2022
| 2022 | 2021 | |||
|---|---|---|---|---|
| Note | £ | £ | £ | |
| Current assets | ||||
| Debtors | 5 | #REF! | 8,037 | |
| Cash at bank | #REF! | 308,125 | ||
| #REF! | 316,162 | |||
| Creditors: amounts falling due within one year | 6 | #REF! | 11,280 | |
| Creditors: amounts falling due after one year | 1,519 | |||
| Net current assets | #REF! | 304,882 | ||
| Net assets | 7 | #REF! | 304,882 | |
| Funds | ||||
| Restricted funds | #REF! | 198,880 | ||
| Unrestricted funds | #REF! | 107,112 | ||
| Total funds | 8 | #REF! | 305,992 |
Signed: Ralph Dunham, Treasurer
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St Stephen's Church, Canonbury
Notes to the Financial Statements
For the Year Ended 31 December 2022
-
1 Accounting Policies
-
a The financial statements have been prepared under the historical cost convent accordance with the Church Accounting Regulations 2006 and the Financial Reporti for Smaller Entities "(FRSSE 2015"). FRSSE 2015 has been applied since 1 Januar there has been no material change to the accounting or presentation of the financial
-
b The PCC considers that there are no material uncertainties about the church's ability as a going concern.
Key judgements that the PCC has made which have a significant effect on the accoun estimating future income, expenditure , and cash flows. The PCC does not consider th are any sources of estimation uncertainty at the reporting date that have a significan causing a material adjustment to the carrying amounts of assets and liabilities within reporting period.
-
c Voluntary income is received by way of collections and planned giving. Coll recognised when received. Planned giving under gift aid is recognised only when Income tax recoverable on gift aid donations is recognised in full when receivable.
-
d Grant and contract income is recognised in full in the year in which it is receivable. A may not be spent until the following year are treated as Deferred Income.
-
e Income from rents, lettings, statutory fees and bank interest is recognised when rece
-
f Resources expended are recognised in the period in which they are incurred and allo fund to which they relate
-
g Grants and donations payable are accounted for when paid or when awarded if creates a binding obligation.
-
h Governance costs include the compliance with constitutional and statutory requireme
-
i Items of equipment are capitalised only where the purchase price exceeds £5,000.
Depreciation is provided at rates calculated to write off the cost of each asset over useful life.
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St Stephen's Church, Canonbury
Notes to the Financial Statements
For the Year Ended 31 December 2022
Consecrated and beneficed property is excluded from the accounts by s.96(2)(a) of t Act 1993. The Church halls, offices and Maisonette are integrated into the Churc which is insured for £7m.
No value is placed on moveable church furnishings held by the churchwardens on s for the PCC and which require a faculty for disposal since the PCC consider this to be property. All expenditure incurred during the year on consecrated or benefice bu moveable church furnishings, whether maintenance or improvement, is writ expenditure in the year incurred.
- j Restricted funds are to be used for specific purposes as laid down by the donor. which meets these criteria is charged to the fund.
Unrestricted funds are donations and other incoming resources receivable or gener objects of the church.
- 2 Incoming resources
| 2 | Incoming resources | |||
|---|---|---|---|---|
| 2022 | ||||
| Restricted | Unrestricted | Total | ||
| £ | £ | £ | ||
| a | Voluntary income: | |||
| Gift Aid Donations | ||||
| General mission | #REF! | #REF! | ||
| Urban Hope | #REF! | - | #REF! | |
| Manna | #REF! | - | #REF! | |
| Buildings | - | - | - | |
| Appeals | #REF! | - | #REF! | |
| Income Tax Recoverable | ||||
| General mission | #REF! | #REF! | ||
| Urban Hope | #REF! | - | #REF! | |
| Manna | #REF! | - | #REF! | |
| Buildings | - | - | ||
| AV Project | #REF! | #REF! | ||
| Appeals | #REF! | - | #REF! | |
| Other Donations | - | |||
| General mission | #REF! | #REF! | #REF! | |
| Manna | #REF! | - | #REF! | |
| Urban Hope | #REF! | - | #REF! | |
| AV Project | #REF! | #REF! | ||
| Appeals | #REF! | - | #REF! | |
| Church Cupboards | #REF! | |||
| Collections | - | #REF! | #REF! | |
| Total | #REF! | #REF! | #REF! |
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St Stephen's Church, Canonbury
Notes to the Financial Statements
For the Year Ended 31 December 2022
| b Activities Premises lettings Rents Services Concrete Services Manna Bank interest Statutory fees Total c Grants Manna Urban Hope Concrete Buildings AV Project Manna Welfare Total |
- - #REF! #REF! - #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! |
#REF! #REF! #REF! #REF! #REF! #REF! - - - - |
#REF! #REF! #REF! #REF! #REF! #REF! |
|---|---|---|---|
| #REF! | |||
| #REF! #REF! #REF! #REF! #REF! #REF! |
|||
| #REF! |
The support of the following grant-making bodies is gratefully acknowledged: Breads Foundation, Mercer's Charitable Foundation, Jones Day Foundation, Cripplegate Foun Newby Trust, Diocese of London, Jerusalem Trust, The Bishop of London’s Mission Fun Cloudesley’s Charity, Diocese of London Stepney Area, Pret Foundation,London Cataly Standard Dispossessed Fund, Help the Homeless, Co-op Local Community Fund
The support of the following community and business sources is gratefully acknowled
Apex Fund Services, Weyman Electrical, New River Baptist Church, SLR Consulting
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the Charities ch Complex,
special trust e inalienable uildings and tten off as
Expenditure
rated for the
2021 Total £
88,473 5,440 9,889 - 2,912 23,563 1,360 2,472 -
728 11,082 8,830 2,954 88 4,681 162,473
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22,097 44,755 10,000 7,311 115 700 84,979
60,178 118,566 35,183 11,099
225,026
ticks dation, nd, Richard yst, Evening
dged:
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St Stephen's Church, Canonbury
Notes to the Financial Statements
For the Year Ended 31 December 2022
| 3 | Church Activities | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Appeals | Manna | Manna Welfare | Urban Hope | Concrete | AV System | Buildings | General | 2022 | 2021 | ||
| £ | £ | £ | £ | £ | £ | £ | |||||
| Missionary & charitable giving | |||||||||||
| Grants and appeals | #REF! | #REF! | #REF! | 17,163 | |||||||
| - | |||||||||||
| - | |||||||||||
| #REF! | #REF! | #REF! | #REF! | #REF! | #REF! | 208,028 | |||||
| Maintenance | #REF! | #REF! | #REF! | #REF! | 27,641 | ||||||
| Equipment | #REF! | #REF! | #REF! | #REF! | #REF! | 5,353 | |||||
| Rents | #REF! | #REF! | 29,854 | ||||||||
| Utilities | #REF! | #REF! | 6,611 | ||||||||
| Insurance | #REF! | #REF! | 4,201 | ||||||||
| Premises Running | #REF! | ||||||||||
| - | |||||||||||
| Mission costs | #REF! | #REF! | #REF! | #REF! | #REF! | #REF! | 70,205 | ||||
| Training | #REF! | #REF! | #REF! | 1,809 | |||||||
| Ofce Expenses | #REF! | #REF! | #REF! | #REF! | 5,208 | ||||||
| Other Mission | #REF! | ||||||||||
| - | |||||||||||
| London Diocese | #REF! | #REF! | 65,000 | ||||||||
| Governance Costs | |||||||||||
| Independent Examiner | - | - | - | ||||||||
| #REF! | #REF! | #REF! | #REF! | #REF! | #REF! | #REF! | #REF! | #REF! | 441,071 |
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St Stephen's Church, Canonbury
Notes to the Financial Statements
For the Year Ended 31 December 2022
- 4 Staff Costs and Numbers
| Staf Costs and Numbers | ||
|---|---|---|
| Salaries and Wages Social Security Costs Pension Contributions Total staf costs Average number of staf Average number of full-time equivalent employees during the year |
2022 £ #REF! #REF! #REF! #REF! 10 6 |
2021 £ 181,423 14,209 12,396 |
| 208,028 | ||
| 7 |
A member of the PCC is a connected person to a full-time member of staff and any potential conflict of interest is managed and the situation is reviewed at regular intervals.
5 Debtors
| Income Tax Recovered Prepayments UH Suspense items Other Debtors 6 Creditors Amounts Falling Due Within One Year Accruals Quinquennial Repairs Maisonette repairs LDF Loan Other Creditors Amounts Falling Due Within Two Years LDF Loan 7 Analysis of Net Assets Between Funds Current Assets Current Liabilities Non-Current Liabilites Net Assets at 31 December 2022 |
£ #REF! #REF! Restricted Funds |
2022 £ #REF! #REF! #REF! #REF! #REF! 2022 £ #REF! #REF! #REF! #REF! #REF! 1,519 #REF! Unrestricted Funds 85,069 #REF! 1,519 #REF! |
2021 £ 10,251 569 16 |
|---|---|---|---|
| 10,836 | |||
| 2021 £ 893 5,000 2,000 2,220 1,167 |
|||
| 11,280 | |||
| Total Funds #REF! #REF! 1,519 |
|||
| #REF! |
- 8 Movements in Funds
| Movements in Funds | |||||
|---|---|---|---|---|---|
| At 31 | |||||
| At 1 January | Incoming | Outgoing | December | ||
| 2022 | Resources | Resources | Transfers | 2022 | |
| £ | £ | £ | £ | £ | |
| Restricted Funds: | |||||
| Manna | #REF! | #REF! | #REF! | #REF! | #REF! |
| General | 0 | #REF! | - | #REF! | |
| Urban Hope | #REF! | #REF! | #REF! | #REF! | #REF! |
| Concrete | #REF! | #REF! | #REF! | - | #REF! |
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St Stephen's Church, Canonbury
Notes to the Financial Statements
For the Year Ended 31 December 2022
| Appeals AV Project Front Steps Ashburnum Ofce Project Manna Welfare Church Cupboards Total Restricted Funds Unrestricted Funds: General Fund Concrete Total Unrestricted Funds Total Funds |
#REF! - #REF! - - #REF! - #REF! |
#REF! #REF! - - #REF! #REF! - #REF! |
#REF! #REF! - #REF! - #REF! #REF! #REF! |
- - - - - - - #REF! #REF! #REF! #REF! |
#REF! #REF! #REF! #REF! #REF! #REF! #REF! |
|---|---|---|---|---|---|
| #REF! | |||||
| #REF! 50,108 #REF! #REF! |
#REF! #REF! #REF! #REF! |
#REF! #REF! #REF! #REF! |
#REF! #REF! |
||
| #REF! | |||||
| #REF! |
The transfers from the General Fund to Urban Hope and the Manna demonstrate the support of the Church for those ministries
Purposes of Restricted Funds
- a Manna
Donations and grants made to support the work of the Manna. This involves the employment of project workers and support workers as needed, providing a sense of community and practical, emotional and spiritual support to vulnerable people in the community.
- b
Manna Welfare
Grants administered by the Manna on behalf of third party organisations to be used for the support of individuals.
- c Urban Hope
Donations and grants made to support the work of Urban Hope. This includes work among young people involving employment of a Senior Youth Worker and support workers as needed, running youth clubs and detached youth work.
- d Concrete
Donations and grants made to support the work of Urban Hope. This involves the employment of a project coordinator and support workers as needed, and resourcing urban youth ministry.
- e Front Steps
Grants received from the Richard Cloudesley Charity to be used for the refurbishment of the front steps
- f Appeals and Grants
Donations received and passed to Charities for which an appeal has been run.
- g AV Project Donations and Grants made to fund the installation of AV equipment with the chuch
Office
-
h Donations and Grants to fund the relocation of the Church office
-
i Cupboards Donations and Grants to fund the building of New cupboards in the Church
9 Residential Accommodation
Following a resolution dated 3 July 1973 of the Town Planning & Development Committee of the London Borough of Islington (the Council), the PCC holds the nomination rights for four flats owned by the London Borough of Islington (16a Cleveland Road, 43a Cleveland Road, 141a Downham Road, 248a Essex Road). The resolution was passed following a declaration of the redundancy of St John the Baptist Church, Cleveland Road. The flats provide affordable housing for church workers and volunteer workers, who occupy the flats under Shorthold Tenancy Agreements with the PCC.
The PCC pays rent to the London Borough of Islington and recovers rent from the tenants based on individual Shorthold Tenancy Agreements.
The church property known as the Maisonette (19 Canonbury Road) is occupied by a church family under a Shorthold Tenancy Agreement.
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St Stephen's Church, Canonbury
For the Year Ended 31 December 2022
Notes to the Financial Statements
-
10 Trusts administered by the Vicar & Church Wardens
-
a Holiday Home Fund - Charity Number 237285
-
The objects are to grant money to defray some expenses of rest or change of air (including transport and obtaining domestic help) for poor parishioners, church members and others in the area.
| COIF Share value Units Price Value at 31st December 34 1,477 Value at 31st December 337 1,477 Income and Expenditure Bank Balance at 1st January Income: COIF Dividends Bank interest Expenses: Grants Made Bank Balance at 31st December |
2022 £ 502 4,977 5,479 #REF! #REF! #REF! - #REF! |
2021 £ 419 4,157 |
|---|---|---|
| 4,576 | ||
| 2,728 93 118 - |
||
| #REF! |
- b St. Stephen's National School - Charity Number 312354
The objects are to promote religious instruction by means of a Sunday School or otherwise (33%) and to promote religious education (including social and physical) of persons under 25 resident in the parish and in need of financial assistance (67%).
| COIF Share value Units Price Value at 31st December 419 1,477 Income and Expenditure Bank Balance at 1st January Income: COIF Dividends Bank interest Expenses: Equipment Bank Balance at 31st December |
2022 £ 6,188 6,188 #REF! #REF! #REF! - #REF! |
2021 £ 5,168 |
|---|---|---|
| 5,168 | ||
| 2,212 197 1 - |
||
| 2,410 |
- c St. Stephen's Parish Housing Company Limited - Company Number 01591276 A dormant mutual trading company that does not operate with a view to profit. The Directors are the serving churchwardens. They hold two shares on behalf of the PCC.
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St Stephen's Church, Canonbury
Statement of Financial Activities
For the Year Ended 31 December 2022
| For the Year Ended 31 December 2022 | ||
|---|---|---|
| Note | Unrestricted | |
| £ | ||
| Incoming Resources | ||
| Donations & Legacies | 79,388 | |
| Charitable Activities | 21,183 | |
| Investments | - | |
| Trading Activities | 31,444 | |
| Other | (6,200) | |
| Total incoming resources |
2 | 125,815 |
| Resources Used | ||
| Charitable Activities | 110,748 | |
| Raising Funds | - | |
| Other Activities | 4,026 | |
| Support | 939 | |
| Total resources used |
3 | 115,713 |
| Net Incoming / Outgoing Resources (before transfers) | 10,102 | |
| Fund Transfers In | - | |
| Fund Transfers Out | - | |
| Net Incoming / Outgoing Resources (before gains/losses) | 10,102 | |
| Investment Gains (or Losses) | - | |
| Net Incoming / Outgoing Resources (before Asset Revaluation) | 10,102 | |
| Asset Revaluation | - | |
| Net Movement of Funds | 10,102 | |
| Total Funds Brought Forward | 48,159 | |
| Total Funds Carried Forward | 58,261 | |
| Represented By | ||
| General (Unrestricted) | 58,261 | |
| General Restricted (Restricted) | - | |
| Urban Hope (Restricted) | - | |
| Urban Hope non-restricted (Unrestricted) | - | |
| Manna (Restricted) | - | |
| Manna Welfare (Restricted) | - |
5 of 8
| Restricted | Total - 2022 | Total - 2021 |
|---|---|---|
| £ | £ | £ |
| 179,790 | 259,178 | 368,654 |
| 3,641 | 24,824 | 12,020 |
| 46 | 46 | 4,016 |
| - | 31,444 | 60,912 |
| 5,008 | (1,192) | 3,049 |
| 188,484 | 314,299 | 448,652 |
| 210,464 | 321,211 | 347,888 |
| 5,600 | 5,600 | - |
| - | 4,026 | 85,934 |
| - | 939 | 16,958 |
| 216,064 | 331,776 | 450,781 |
| (27,580) | (17,478) | (2,129) |
| 280 | 280 | 2,139 |
| 280 | 280 | 2,139 |
| (27,580) | (17,478) | (2,129) |
| - | - | - |
| (27,580) | (17,478) | (2,129) |
| - | - | - |
| (27,580) | (17,478) | (2,129) |
| 227,302 | 275,461 | 277,590 |
| 199,722 | 257,983 | 275,461 |
| - | 58,261 | 48,159 |
| 426 | 426 | - |
| 47,692 | 47,692 | 80,997 |
| - | - | - |
| 145,138 | 145,138 | 140,120 |
| 6,465 | 6,465 | 6,185 |
6 of 8
St Stephen's Church, Canonbury
Balance Sheet
As at 31 December 2022
| Unrestricted | Restricted | |
|---|---|---|
| Current Assets | ||
| Cash | 50,329 | 199,132 |
| Accounts Receivable | 3,151 | 590 |
| Prepayments | 4,782 | - |
| Non-Current Assets | ||
| Fixed Assets | - | - |
| Investments | - | - |
| Current Liabilities | ||
| Accounts Payable | - | - |
| Deferred Income | - | - |
| Non-Current Liabilities | ||
| Long Term Loan / Mortgage | - | - |
| Total Net Assets(Assets Minus Liabilities) | 58,261 | 199,722 |
| Represented By | ||
| General (Unrestricted) | 58,261 | |
| General Restricted (Restricted) | 426 | |
| Urban Hope (Restricted) | 47,692 | |
| Urban Hope non-restricted (Unrestricted) | - | |
| Manna (Restricted) | 145,138 | |
| Manna Welfare (Restricted) | 6,465 |
Signed: Ralph Dunham, Treasurer
5 of 8
| 2022 | 2021 |
|---|---|
| 249,461 | 276,226 |
| 3,741 | - |
| 4,782 | 35 |
| - | - |
| - | - |
| - | - |
| - | - |
| - | 800 |
| 257,983 | 275,461 |
| 58,261 | 48,159 |
| 426 | - |
| 47,692 | 80,997 |
| - | - |
| 145,138 | 140,120 |
| 6,465 | 6,185 |
6 of 8
St Stephen's Church, Canonbury
Notes to the Financial Statements
For the Year Ended 31 December 2022
-
1 Accounting Policies
-
a The financial statements have been prepared under the historical cost con Church Accounting Regulations 2006 and the Financial Reporting Standard FRSSE 2015 has been applied since 1 January 2015 and there has been no presentation of the financial statements.
-
b The PCC considers that there are no material uncertainties about the ch concern.
Key judgements that the PCC has made which have a significant effect on th income, expenditure , and cash flows. The PCC does not consider that there uncertainty at the reporting date that have a significant risk of causing a ma amounts of assets and liabilities within the next reporting period.
-
c Voluntary income is received by way of collections and planned giving. Colle Planned giving under gift aid is recognised only when received. Income ta recognised in full when receivable.
-
d Grant and contract income is recognised in full in the year in which it is r spent until the following year are treated as Deferred Income.
-
e Income from rents, lettings, statutory fees and bank interest is recognised w
-
f Resources expended are recognised in the period in which they are incurre they relate
-
g Grants and donations payable are accounted for when paid or when awa obligation.
-
h Governance costs include the compliance with constitutional and statutory re
-
i Items of equipment are capitalised only where the purchase price exceeds £
Depreciation is provided at rates calculated to write off the cost of each asse
5 of 8
St Stephen's Church, Canonbury
Notes to the Financial Statements
For the Year Ended 31 December 2022
Consecrated and beneficed property is excluded from the accounts by s.96 Church halls, offices and Maisonette are integrated into the Church Complex
No value is placed on moveable church furnishings held by the churchward which require a faculty for disposal since the PCC consider this to be inaliena during the year on consecrated or benefice buildings and moveable church improvement, is written off as expenditure in the year incurred.
- j Restricted funds are to be used for specific purposes as laid down by the d criteria is charged to the fund.
Unrestricted funds are donations and other incoming resources receivable church.
6 of 8
St Stephen's Church, Canonbury
Notes to the Financial Statements
For the Year Ended 31 December 2022
2 Donations & Legacies
| Collections Gift Aid Donations Income Tax recoverable Other Donations Grants Bank Interest Premises Hire Rents Services (Manna) Statutory Fees Totals |
General Urban Hope Manna 842 - - - 64,093 426 7,383 2,775 14,054 - 519 4,412 400 - - 7,473 -14,900 - 79,411 84,945 - - - 46 29,575 - - - 31,444 - - - - - - 1,094 308 - - - General Restricted |
|---|---|
| 125,815 426 87,313 100,745 |
The support of the following grant-making bodies is gratefully acknowledged Giving, Charities Aid Foundation, Cripplegate Foundation, Arsenal (Gunners F Foundation,London Catalyst, Tesco Bags of Help, Crash (Incl. Taylor Wimpey)
The support of the following community and business sources is gratefully ac Local Initiaitives fund St Mary's Ward, Local Initiatives Fund Canonbury Ward
7 of 8
nvention and in accordance with the d for Smaller Entities "(FRSSE 2015"). material change to the accounting or
hurch's ability to continue as a going
e accounts include estimating future are any sources of estimation terial adjustment to the carrying
ections are recognised when received. ax recoverable on gift aid donations is
receivable. Amounts that may not be
hen receivable.
ed and allocated to the fund to which
arded if that award creates a binding
equirements.
5,000.
et over its expected useful life.
8 of 8
(2)(a) of the Charities Act 1993. The
, which is insured for £7m.
dens on special trust for the PCC and able property. All expenditure incurred h furnishings, whether maintenance or
onor. Expenditure which meets these
e or generated for the objects of the
9 of 8
| 2022 Total | 2021 Total |
|---|---|
| 842 | 367 |
| 75,402 | 85,161 |
| 18,985 | 878 |
| 7,873 | 62,025 |
| 149,456 | 206,068 |
| 46 | 4,016 |
| 29,575 | 13,555 |
| 31,444 | 60,908 |
| 1,094 | 15,628 |
| 308 | 40 |
| 315,024 | 448,645 |
d: Allan Charitable Trust, Islington Fund), Cloudesley, Pret ), Brown Dog Fund, Marsh
cknowledged:
d, ASDA Foundation, Screwfix
10 of 8
St Stephen's Church, Canonbury
Notes to the Financial Statements
For the Year Ended 31 December 2022
3 Church Activities
----- Start of picture text -----
General
General Urban Hope Manna
Restricted
London Diocese Common fund Contribution 55,000 - - -
Mission Mission Costs 12,077 - 11,948 35,674
Mission Office Expenses 1,006 - 3,062 1,102
Mission Training - - 1,334 845
Missionary & Charitable Giving Grants and Appeals 4,000 - - -
Premises Running Equipment 2,837 - 1,355 (805)
Premises Running Insurance 4,447 - - -
Premises Running Maintainance 9,339 - 480 -
Premises Running Rents - - 2,000 -
Premises Running Staff Costs 15,063 - 100,438 58,631
Premises Running Utilities 11,944 - - -
Totals 115,713 - 120,617 95,447
----- End of picture text -----
5 of 8
----- Start of picture text -----
2022 Total 2021 Total
55,000 75,000
59,699 49,125
5,170 11,816
2,179 1,271
4,000 5,198
3,388 8,304
4,447 4,167
6,237 86,479
2,000 36,833
174,132 161,205
11,944 11,380
328,195 450,778
----- End of picture text -----
6 of 8
St Stephen's Church, Canonbury
Notes to the Financial Statements
For the Year Ended 31 December 2022
4 Staff Costs and Numbers
| Staf Costs and Numbers | |
|---|---|
| 2022 | |
| £ | |
| Salaries and Wages | 107,101 |
| Social Security Costs | 34,450 |
| Pension Contributions | 6,235 |
| Total staf costs | 147,786 |
| Average number of staf | 7 |
| Average number of full-time equivalent employees during the year |
5 |
5 Statement of Cash Flows
| Total | |
|---|---|
| Cash Flow from Operating Activities | |
| Net Surplus (defcit) | (17,478) |
| Adjustments For: | |
| Fixed Asset Depreciation | - |
| Less Investment Gains | - |
| Accounts Receivable Decrease | (3,741) |
| Prepayments Decrease | (4,747) |
| Accounts Payable Increase | - |
| Deferred Income Increase | - |
| Less Interest Received | (46) |
| Less Sale of Assets | - |
| Less Asset Revaluation | - |
| Loan Interest Paid | - |
| NET Cash Flow from Operating Activities | (26,011) |
| Cash Flow from Investing Activities | |
| Interest Received | 46 |
| NET Cash Flow from Investing Activities | 46 |
| Cash Flow from Financing Activities | |
| Loans Received | - |
| Less Loan Repayments | (800) |
| Less Loan Interest Paid | - |
| NET Cash Flow from Financing Activities | (800) |
5 of 8
St Stephen's Church, Canonbury
Notes to the Financial Statements
| For the Year Ended 31 December 2022 | |
|---|---|
| Increase (decrease) in Cash | (26,765) |
| Cash at start of period | 276,226 |
| Cash at end of period | 249,461 |
| Represented By: | |
| General (Unrestricted) | 50,329 |
| General Restricted (Restricted) | 426 |
| Urban Hope (Restricted) | 47,467 |
| Urban Hope non-restricted (Unrestricted) | - |
| Manna (Restricted) | 144,773 |
| Manna Welfare (Restricted) | 6,465 |
| TOTAL Represented By | 249,461 |
6 of 8
St Stephen's Church, Canonbury
Notes to the Financial Statements
For the Year Ended 31 December 2022
6 Purposes of Restricted Funds
a Manna
Donations and grants made to support the work of the Manna. This involves the workers as needed, providing a sense of community and practical, emotional an community b General
Grants received for specific projects in the church. These were the installation o environmental projects
c Urban Hope
Donations and grants made to support the work of Urban Hope. This includes w employment of a Senior Youth Worker and support workers as needed, running
d Manna Welfare
Grants administered by the Manna on behalf of third party
10 Residential Accommodation
Following a resolution dated 3 July 1973 of the Town Planning & Development C (the Council), the PCC holds the nomination rights for four flats owned by the Lo Road, 43a Cleveland Road, 141a Downham Road, 248a Essex Road). The resolu redundancy of St John the Baptist Church, Cleveland Road. The flats provide aff volunteer workers, who occupy the flats under Shorthold Tenancy Agreements w
The PCC pays rent to the London Borough of Islington and recovers rent from th Tenancy Agreements.
The church property known as the Maisonette (19 Canonbury Road) is occupied Agreements.
7 Trusts administered by the Vicar & Church Wardens
- a Holiday Home Fund - Charity Number 237285
The objects are to grant money to defray some expenses of rest or change of a help) for poor parishioners, church members and others in the area.
COIF Share value Units Value at 31st December 34 Value at 31st December 337
Income and Expenditure Bank Balance at 1st January Income: COIF Dividends
Expenses:
Bank interest Grants Made
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St Stephen's Church, Canonbury
Notes to the Financial Statements
For the Year Ended 31 December 2022
Bank Balance at 31st December
- b St. Stephen's National School - Charity Number 312354 The objects are to promote religious instruction by means of a Sunday School o education (including social and physical) of persons under 25 resident in the pa
COIF Share value Units Value at 31st December 419 Income and Expenditure Bank Balance at 1st January Income: COIF Dividends
Bank interest Expenses: Grants Made
Bank Balance at 31st December
- c St. Stephen's Parish Housing Company Limited - Company Number 01591276 A dormant mutual trading company that does not operate with a view to profit. They hold two shares on behalf of the PCC.
8 of 8
Prior Year
(2,129) 10,400 - 4,000 (35) (1,197) - (4,016) - - - 7,023 4,016 4,016
- (4,400) - (4,400)
9 of 8
6,639 269,587 276,226
48,959 - 80,997 - 140,085 6,185 276,226
10 of 8
e employment of project workers and support nd spiritual support to vulnerable people in the
of fire safety equipment and alarms, and
work among young people involving youth clubs and detached youth work.
Committee of the London Borough of Islington ondon Borough of Islington (16a Cleveland ution was passed following a declaration of the ffordable housing for church workers and with the PCC.
he tenants based on individual Shorthold
d by 4 tenants under a Shorthold Tenancy
ir (including transport and obtaining domestic
| Price 2022 £ 1,817 618 1,817 6,125 6,743 3,350 201 8 - |
2021 £ 699 6,931 |
|---|---|
| 7,630 | |
| 3,153 196 - - |
11 of 8
3,559
3,350
or otherwise (33%) and to promote religious arish and in need of financial assistance (67%).
| Price 2022 £ 1,817 7,615 7,615 897 227 3 - 1,128 |
2021 £ 8,617 |
|---|---|
| 8,617 | |
| 675 222 - - |
|
| 897 |
The Directors are the serving churchwardens.
12 of 8
| Gross | TAX | E'ee NI | ||
|---|---|---|---|---|
| Jan | Total | 9,648.11 | 1,003.80 | 675.09 |
| Feb | Total | 9,167.31 | 144.40 | 621.89 |
| Mar | Total | ### | 1,047.20 | 826.68 |
| Apr | Total | ### | 1,199.40 | 804.73 |
| May | Total | ### | 1,218.80 | 847.17 |
| Jun | Total | ### | 1,304.60 | 904.24 |
| Jul | Total | ### | 1,304.60 | 725.37 |
| Aug | Total | ### | 1,326.60 | 725.37 |
| Sep | Total | ### | 2,004.86 | 1,033.23 |
| Oct | Total | 9,452.76 | 986.40 | 514.29 |
| Nov | Total | 9,921.53 | 1,168.00 | 561.79 |
| Dec | Total | 9,921.53 | 1,168.00 | 561.79 |
| 130,292.77 | 13,876.66 | 8,801.64 |
| Loans | Avc Pn ee | Net Pay | PAYE | E'er NI | Pn Total |
|---|---|---|---|---|---|
| 231.00 | 7,738.22 | 2,550.65 | 640.76 | ### | |
| 141.00 | 8,260.02 | 1,481.69 | 574.40 | ### | |
| 141.00 | 8,859.03 | 2,824.79 | 809.91 | ### | |
| - | 8,184.36 | 2,967.10 | 962.97 | ### | |
| - | 9,265.83 | 3,086.93 | 1,020.96 | ### | |
| - | 9,553.69 | 3,294.62 | 1,085.78 | ### | |
| - | 9,732.56 | 3,115.75 | 1,085.78 | ### | |
| - | 9,710.56 | 3,137.75 | 1,085.78 | ### | |
| - | ### | 4,535.81 | 1,497.72 | ### | |
| - | 7,952.07 | 2,303.08 | 802.39 | ### | |
| - | 8,191.74 | 2,575.94 | 846.15 | ### | |
| - | 8,191.74 | 2,575.94 | 846.15 | ### | |
| 513.00 | - | 107,101.47 | 34,450.05 | 11,258.75 | 6,234.60 |
Name of Organisation St Stephen's Church, Canonbury Accounting Period Start 1 January 2022 Accounting Period End 31 December 2022 Governing Body PCC 7
Company No Incorporated on Charity No 1131839 registered on 25 September 2009
Date Accounts will be signed
Responsibilities of the PCC are on page 2 Financial Statements are on pages 1 to 12 Accounting policies are on page 7 Movements in funds note number 8 No company guarantors at 1 January 2022 No company guarantors at 31 December 2022
| Draft 11Nov15 | Actions for draft legal accounts 2015 | Who | When by | Done | Comments | H e 1 a l o |
|---|---|---|---|---|---|---|
| Independent Examiner | Contact and agree willingness and fee: | GR | Nov | Mar | IE fee: NO C | |
| Independent Examiner | Request Manna and UH certifcates | GR | Nov | Included in f | ||
| Independent Examiner | Agree date of visit to review(JT, JW,AE & RM to attend;Anne to have Manna documents available) | GR | Nov | Agreed Tue | ||
| Template | Copy2015 fnal | JW | Dec | May | ||
| Comparatives | Change dates on Instructions sheet | JW | Nov | May | ||
| Comparatives | Copyand specialpaste actuals to comparatives | JW | Nov | May | ||
| Trial Balance | CopyOctober Management Accounts TB to Legal v1 & correct schedules | JW | Dec | Nov | ||
| PropertyValue Note 1 | Obtain from Insurance renewal document | JW | Dec | £7m 2017 | ||
| Connected Person Note 4 | CharityCommissionpermission. Original in ofce fle "CharityCommission" | JW | Dec | |||
| Appeals | List GivingAppeal amounts received and Gift Aid Due | JW | Dec | |||
| Salaries Control | Reconcile Prepayment Salaries Control 240000 | JW/ofce | Dec | |||
| Fees | Check fee receipts 440000 | JW/ofce | Dec | |||
| Banking | Sunday27th Dec is last collection | JW/ofce | Dec 31 | |||
| Staf Expenses | Approve Dec expenses & transfer for Vicar & Staf | JW/ofce | Dec 13 | |||
| Ashburnham | Calculate Gift Aid | JW/ofce | Nov | N/A | ||
| UH Bank | Transfer amount to equate to UH Restricted Reserve | JW/ofce | Jan | Jan 18 | ||
| Buildings Fund | Income,outgo & balance in 2014 are entirelyCloudesley grant funds: check reconciliation | JW/GR | Jan | Ofce Loan? | ||
| Manna Consolidation | Journal Manna accounts and reconcile Manna control 250000 | JW/ofce | Jan | Jan 18 | ||
| Grants - Note 2 | List of Grants received - B,M,UH | JW | Jan | Seegrants t | ||
| Trial Balance | CopyDecember Management Accounts TB to Legal v2 & correct schedules | JW | Jan | Jan 18 | ||
| Bank Accounts | Reconcile to Statements Current;Reserve;Urban Hope;Manna;National School & HolidayHome Funds | JW | Jan | Jan 18 | ||
| Bank Accounts | Check outstandingitems cleared before visit of IE; printy/e outstanding | JW | Jan | |||
| Ofce Cash box | Count to verifybalance | JW/ofce | Jan 06 | Jan 04 | £9.27 over £ | |
| Hall Debtors | List & collect before visit of IE | JW/ofce | Jan | |||
| Staf Costs Note 4 | Complete Note 4 from Salaries spreadsheet - break out Social(NI)& Pension costs | JW | Dec | with Dec Sa | ||
| Staf Numbers | Calculate the average number of employees for Note 4 | JW/RM | Jan | |||
| Gift Aid | CompleteQ4 claim | David C | Jan | |||
| Accruals & Prepayments | Review Gas;Electric;Water;Insurance;Hall debtors;Ashburnham Deposit(if applicable) | JW/ofce | Jan | Jan 18 | ||
| Creditors | Check for Repairs and supplies invoices; | JW | Jan | Jan 18 | ||
| HHF & SSF | Valuation of the units held byCCLA is as at 31 December 2015 to Note 10 | JW | Jan | Jan 18 | ||
| HHF & SSF | Confrm that Annual Return to CharityCommission has been done for 2014 | JT | Jan | Nov | ||
| Parish HousingCompany | Confrm that Annual Return to Companies House has been done for 2014 accounts | JT | Jan | Nov | Tbc byAnne | |
| Annual Report | Request input from Vicar,Administrator,Manna,UH,Buildings,DeanerySynod Rep | JT | Jan 08 | |||
| Draft Report & Accounts | Aim to send full draft to IE before his visit | JT/JW | Jan 31 | |||
| IE visit | Confrmed date: Wed 9th March 2016 | JT | Feb 11 | GR/JW/Bookk | ||
| Final Report & Accounts | Finalise and obtain PCC approval | JT/JW | Feb 16 | PCC mtgifp | ||
| UH & Manna sub-accounts | Prepare sub-accounts and certifcates for IE to sign of | JT | Feb 20 | |||
| IE signing | Obtain IE signature on Report & Accounts,Manna certifcate,UH certifcate | JT | Mar 07 | |||
| Donor thankyou letters | Prepare and send thankyou letters to all individual donors in 2015 | JT | tbc | |||
| St Stephen's Annual Review | Prepare Treasurer's Report | JT | tbc | |||
| APCM | Prepare Treasurer's verbal report | JT | Apr 26 | |||
| Submission to Diocese | Online submission | JT | May31 | |||
| Submission to CharityComm | Online submission: SSC;HHF;SSFJB chair,DH N78GE,M.E. change of address | JT | 10/31/2016 |
Independent examiner’s report to the PCC of St Stephens Canonbury
I report to the PCC on my examination of the accounts of St Stephens Canonbury for the year ended 31 December 2022.
This report is made solely to the PCC as a body, in accordance with the Charities Act 2011. My examination has been undertaken so that I might state to the PCC those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the PCC as a body, for my examination, for this report, or for the opinions I have formed.
Responsibilities and basis of report
As members of the PCC you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’) and the Church Accounting Regulations 2016 (‘the Regulations’).
I report in respect of my examination of the accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the accounts. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently, I express no opinion as to whether the accounts present a ‘true and fair’ view and my report is limited to those specific matters set out in the independent examiner’s statement.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
1 Accounting records were not kept as required by section 130 of the Act; or
-
1 The accounts do not accord with those records; or
-
2 The accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations
2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or 3 The accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities;
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Jonathan Orchard FCA Fairview, Mollington, Banbury OX17 1AZ
7 June 2023