## **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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5
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!**|
5 document3884021253646181235.xlsx
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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_
document3884021253646181235.xlsx
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5
ion and in ng Standard ry 2015 and statements.
y to continue
nts include hat there t risk of the next
lections are n received.
Amounts that
ivable.
cated to the
that award
ents.
its expected
document3884021253646181235.xlsx
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5
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:_
document3884021253646181235.xlsx
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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.
document3884021253646181235.xlsx
06/26/2023
5
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.
document3884021253646181235.xlsx
06/26/2023
5
## **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
7 of 8
## **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