| Page | ||
|---|---|---|
| Trustees' annual report |
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| Independent examiner's report to the trustees |
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| Statement offinancial | activities | |
| Statement offinancial | position | |
| Notes to the financial | statements | 10 |
| Reference and administrative | Reference and administrative | Reference and administrative | details | |||||
|---|---|---|---|---|---|---|---|---|
| Registered | charity name | Workington St Michael Parochial Church |
Council | |||||
| Charity registration | number | 1131867 | ||||||
| Principal oNce | Workington Parochial Church Council |
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| Pa~ish | Office | |||||||
| StMichael's Church | ||||||||
| Falcon | Place | |||||||
| Workington | ||||||||
| CA14 | 2EZ | |||||||
| The trustees | ||||||||
| Chair | The Very Revd Dr Frances Ward | (full time Priest in | ||||||
| Charge forStMichael's and St | John's parishes | from | ||||||
| Easter 2021.) | ||||||||
| Associate Priest from June 2021 | The Revd Dr Peter Powell | |||||||
| Reader | Mr Richard Jones | |||||||
| Nardens | Mr Eric Martin | |||||||
| Mr Stuart Edger | ||||||||
| Secretary | Mrs Julia Sharpe | |||||||
| Treasurer | Mrs Lorna Wilson | until September | 2021, then Mrs Joanne | |||||
| Braniff | ||||||||
| Lay Chairperson | Mr Eric Martin | |||||||
| Deanery Synod | Mr Brian Wilkinson | (from 2020) | ||||||
| Representatives | Mrs Julia Sharpe | (from 2020) | ||||||
| Mrs Margaret Nichol (from 2020) |
||||||||
| Safeguarding | Officer | Mrs Joan Braniff until September | 2021,then Mrs | Jan Witty | ||||
| Electoral Roll Officer | Mr Brian Wilkinson | |||||||
| Gift Ald ONcer | Ms.Helen Tinnion |
| Statement of Year ended |
Financial Activities 31December 2021 |
Financial Activities 31December 2021 |
||||||
|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||||
| Unrestricted | Restricted | Endowment | ||||||
| Note | funds f |
funds | funds | Total funds | Total funds f |
|||
| Income and endowments | ||||||||
| Donations and legacies |
4 | 49,798 | 49,798 | 40,403 | ||||
| Charitable activities |
5 | 6,642 | 6,642 | 9,174 | ||||
| Other trading activities |
. | 8 | 10,078 | 10,078 | 5,2?0 | |||
| Investment income |
7 | 2,044 | 52 | 2,096 | 3,601 | |||
| Total income | 68,562 | 52 | 58,448 | |||||
| Expenditure | ||||||||
| Expenditure on raising funds: |
||||||||
| Costs ofother | ||||||||
| trading activities |
8 | 136 | 136 | 63 | ||||
| Expenditure on |
||||||||
| charitable activities |
S,10 | 77,591 | 6,645 | 84,236 | 97,228 | |||
| Total expenditure | 77,727 | 6,645 | 97,291 | |||||
| Net gains on | ||||||||
| investments | 9,349 | 9,349 | 3,206 | |||||
| Net expenditure and net |
||||||||
| movement in funds |
(9,165) | (6,593) | (6,409) | (35,637) | ||||
| Reconciliation offunds | ||||||||
| Total funds brought | forward | 306,954 | 70,824 | 145,254 | 523,032 | 558,669 | ||
| Total funds carried | forward | 297,789 | 64,231 | 154,603 | 516,823 | 523,032 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Note | F | ||||
| Fixed assets | |||||
| Tangible fixed assets Fixed asset investments |
15 16 |
'40,378 74,69S |
41,S66 65,349 |
||
| 115,076 | 107,215 | ||||
| Current assets | |||||
| Debtors Short term deposits Cash at bank and in |
hand | 17 18 |
16,083 367,964 45,035 |
9,421 410,869 19,225 |
|
| 429,082 | 439,515 | ||||
| Creditors: amounts | falling | due within one year | 19 | (27,535) | (23,698) |
| Net current assets | 395,651 | 415,817 | |||
| Total asseta lees current liabilities | 516,623 | 523,032 | |||
| Net assets | 516,623 | 523,032 | |||
| Funds ofthe charity | |||||
| Endowment funds: |
|||||
| Permanent endowment Expendable endowment Restricted funds Unrestricted funds |
funds funds |
147,217 7,386 64,231 297,789 |
137,868 7,386 70,824 306,954 |
||
| Total charity funds | 21 | 516,623 | 523,032 |
| 4. | Donations | and lega | cies | ||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |||||
| Funds | Funds | 2021 f |
|||||
| Donations | |||||||
| Collections at all services | 4,521 | 4,521 | |||||
| Planned giving |
22.337 | 22.337 | |||||
| Gift aid donations | 1,990 | 1,990 | |||||
| Taxes recoverable | 11,183 | 11,183 | |||||
| Sundry donations | 8,600 | 8,600 | |||||
| Legacies | |||||||
| Legacies | |||||||
| Grants | |||||||
| Grants receivable | 1,167 | 1,167 | |||||
| 49,798 | 49,798 | ||||||
| Unrestricted | Restricted | Total Funds | |||||
| Funds | Funds | 2020 | |||||
| f | |||||||
| Donatione | |||||||
| Collections | at all services | 2,890 | 2,890 | ||||
| Planned giving |
21,155 | 21,155 | |||||
| Gift aid donations | 1,220 | 1,220 | |||||
| Taxes recoverable | (3,131) | (3,131) | |||||
| Sundry donations | 7,070 | 7,837 | 14,907 | ||||
| Legacies | |||||||
| Legacies | 3,362 | 3,362 | |||||
| Grants | |||||||
| Grants receivable | |||||||
| 32,566 | 7,837 | 40,403 | |||||
| 5. | Charitable | activities | |||||
| Unrestricted | TotalFunde | Unrestricted | Total Funds | ||||
| Funds f |
2021 | Funds F |
2020 | ||||
| Fees | 6,509 | 6,509 | 8,953 | 8,953 | |||
| Magazine | donations | and advertising | 133 | 133 | 221 | 221 | |
| 6,642 | 6,642 | 9,174 | 9,174 |
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2021 | Funds | 2020 | ||
| Shop income | 30 | 30 | 241 | 241 | |
| Church Fetes, Sundry |
hall lettings bazaars and other fund raising income |
3,760 6,214 74 |
3,760 6,214 74 |
2,672 2,357 |
2,672 2,357 |
| 10,078 | 10,078 | 5,270 | 5,270 |
| Unrestricted | Restricted | TotalFunds | ||
|---|---|---|---|---|
| Funds | Funds | 2021 | ||
| Dividend income Bank interest receivable |
1,896 148 |
52 | R 1,896 200 |
|
| 2,044 | 52 | 2,096 | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2020 | ||
| F | ||||
| Dividend income Bank interest receivable |
1,831 1,383 |
387 | 1,831 1,770 |
|
| 3,214 | 387 | 3,601 |
| Unrestricted | Total | Funds | Unrestricted | Total | Funds |
|---|---|---|---|---|---|
| Funds | 2021 | Funds | 2020 | ||
| E | E | ||||
| 136 | 136 | 63 | 63 |
| Expenditure on charita |
ble | activities by fund |
type | |||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds | 2021 | ||||
| F | ||||||
| Wages and salaries | 4,689 | 4,689 | ||||
| Organist's expenses |
590 | 590 | ||||
| Ministry —parish offer | 36,000 | 36,000 | ||||
| Ministry —clergy expenses | 261 | 261 | ||||
| Church running expenses |
4,585 | 4,585 | ||||
| Church repairs and maintenance |
5,825 | 5,825 | ||||
| Church hall running costs |
8,683 | 8,683 | ||||
| Diocese fees | 2,703 | 2,703 | ||||
| Contribution to St Michaels |
Church Workington | Ltd | 7,000 | 7,000 | ||
| Sundry expenses | 4,063 | 4,063 | ||||
| Depreciation oftangible |
fixed assets | 2,596 | 820 | 3,416 | ||
| Missionary and charitable |
giving | 566 | 566 | |||
| Accountancy charges |
2,075 | 2,075 | ||||
| Telephone and internet |
charges | 1,359 | 1,359 | |||
| Pdnting and stationery |
2,421 | 2,421 | ||||
| 77,591 | 6,645 | 84,236 | ||||
| Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds | 2020 | ||||
| Organist's expenses |
653 | 653 | ||||
| Ministry —parish offer | 36,000 | 36,000 | ||||
| Ministry —clergy expenses | 410 | 410 | ||||
| Church running expenses |
9,026 | 9,026 | ||||
| Church repairs and maintenance |
4,501 | 13,913 | 18,414 | |||
| Church hali running costs |
5,198 | 5,198 | ||||
| Diocese fees | 3,535 | 3,535 | ||||
| Contribution to St Michaels |
Church Workington | Ltd | 10,000 | 10,000 | ||
| Sundry expenses | 4,695 | 1,021 | 5,716 | |||
| Depreciation oftangible |
fixed assets | 2,115 | 820 | 2,935 | ||
| Missionary and charitable |
giving | |||||
| Accountancy charges |
2,015 | 2,015 | ||||
| Telephone and internet |
charges | 1,384 | 1,384 | |||
| Printing and stationery |
1,942 | 1,942 | ||||
| 81,474 | 15,754 | 97,228 |
| Activities | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| undertaken | Total funds | Total fund | ||||||||||
| directly | 2021 | 2020 | ||||||||||
| Church activities | 84,236 | 84,236 | 97,228 | |||||||||
| 11. | Net gains on | investments | ||||||||||
| Endowment | Total Funds | Endowment | Total Funds | |||||||||
| Funds | 2021 | Funds | 2020 | |||||||||
| E | ||||||||||||
| Gains/(losses) | on listed | investments | 9,349 | 9,349 | 3,206 | 3,206 | ||||||
| 12. | Net expenditure | |||||||||||
| Net expenditure | is stated | after charging/(crediting): | ||||||||||
| 2021 | 2020 | |||||||||||
| Depreciation | oftangible | Axed assets | 3,418 | 2,935 | ||||||||
| 13. | Independent | examination | fees | |||||||||
| 2021 | 2020 | |||||||||||
| E | ||||||||||||
| Fees payable | to | the independent | examiner for: | |||||||||
| Independent | examination | ofthe | Anancial | statements | 2,075 | 2,015 | ||||||
| 14. | Trustee remuneration | and expenses |
| Tangible fixed assets | |||
|---|---|---|---|
| Freehold | Fixtures and | ||
| property | fittings | Total | |
| F | E | E | |
| Cost | |||
| At 1 January 2021 | ?5,000 | 21,376 | 96,376 |
| Additions | 1,930 | 1,930 | |
| At 31December 2021 | ?5,000 | 23,306 | 98,306 |
| Depreciation | |||
| At 1 January 2021 | 36,000 | 18,510 | 54,510 |
| Charge for the year | 1,500 | 1,918 | 3,418 |
| At 31December 2021 | 37,500 | 20,428 | 57,928 |
| Carrying amount | |||
| At 31December 2021 | 37,500 | 2,878 | 40,3?8 |
| At 31 December 2020 | 39,000 | 2,866 | 41,866 |
| Fixed asset investments | |||
| Listed | |||
| investmentsf | |||
| Valuation | |||
| At 1 January 2021 | 65,349 | ||
| Additions | |||
| Fair value movements | 9,349 | ||
| At 31December 2021 | 74,698 | ||
| Carrying amount |
|||
| At 31December 2021 | 74,698 | ||
| At 31 December 2020 | 65,349 |
| Debtors | ||||||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| R | ||||||
| Trade debtors | 506 | |||||
| Prepayments | and accrued income | 394 | 568 | |||
| Other debtors | 15,183 | 8,853 | ||||
| 16,083 | 9,421 | |||||
| Short term | deposits | |||||
| 2021 | 2020 | |||||
| E | F | |||||
| Short-term | deposits | brought | forward | 410,869 | 427,275 | |
| Short-term | deposits | additions | (2,095) | 3,594 | ||
| Short-term | deposits | disposals | (45,000) | (20,000) | ||
| 367,964 | 410,869 |
| Creditors: amounts f |
alling due within one year | ||
|---|---|---|---|
| 2021 f |
2020 F |
||
| Trade creditors | 22,899 | 21,210 | |
| Accruals and deferred | income | 4,423 | 2,488 |
| Other creditors | 213 | ||
| 27,535 | 23,698 |
| At | At | ||||||
|---|---|---|---|---|---|---|---|
| 1 January | Gains and | 31December | |||||
| 2021 f |
Income f. |
Expenditure E |
Transfers f. |
losses | 2021 E |
||
| General funds | 277,797 | 68,562 | (77,727) | 268,632 | |||
| A Hogarth | fund | 1,000 | 1,000 | ||||
| G EJones | fund | 28,157 | 28,157 | ||||
| 306,954 | 68,562 | (77,727) | 297,789 | ||||
| At | At | ||||||
| 1 January | Gains and | 31 December | |||||
| 2020 | Income F |
Expenditure f |
Transfers | losses E |
2020 R |
||
| General funds | 302,412 | 50,105 | (81,537) | 6,817 | 277,797 | ||
| A Hogarth | fund | 1,000 | 1,000 | ||||
| G EJones | fund | 28,038 | 119 | 28,157 | |||
| 331,450 | 50,224 | (81,537) | 6,817 | 306,954 |
| At | At 31 | ||||||
|---|---|---|---|---|---|---|---|
| 1 January | Gains and | December | |||||
| 2021 | Income | Expenditure | Transfers | losses | 2021 | ||
| E | E | ||||||
| Miscellaneous | |||||||
| Restricted Funds | 34,815 | 52 | 34,867 | ||||
| Restoration | fund | 27,670 | (27,6?0) | ||||
| Fabric and | |||||||
| building | |||||||
| maintenance | fund | 8,339 | (6,645) | 27,670 | 29,364 | ||
| 70,824 | 52 | (6,645) | 64,231 | ||||
| At | At 31 | ||||||
| 1 January | Gains and | December | |||||
| 2020 | Income | Expenditure | Transfers | losses | 2020 | ||
| f. | E | ||||||
| Miscellaneous | |||||||
| Restricted Funds | 35,498 | 7,974 | (1,840) | (6,817) | 34,815 | ||
| Restoration | fund | 38,174 | 201 | (10,705) | 27,670 | ||
| Fabric and | |||||||
| building | |||||||
| maintenance | fund | 11,499 | 49 | (3,209) | 8,339 | ||
| 85,171 | 8,224 | (15,754) | (6,817) | 70,824 |
| Endowment funds |
||||||
|---|---|---|---|---|---|---|
| At | At | |||||
| 1 January | Gains and | 31 December | ||||
| 2021 F |
Income | Expenditure F |
Transfers F |
losses f |
2021 F |
|
| Elsie Shaw | ||||||
| Bequest | 80,730 | 9,349 | 90,079 | |||
| MA & N Hogarth | 57,138 | 5?,138 | ||||
| Miss VSBowes | 447 | 447 | ||||
| Revd, TW | ||||||
| Jackson | 6,939 | 6,939 | ||||
| 145,254 | 9,349 | 154,603 | ||||
| At | At | |||||
| 1 January | Gains and | 31 December | ||||
| 2020 | Income | Expenditure | Transfers | losses | 2020 | |
| F | F | F | ||||
| Elsie Shaw | ||||||
| Bequest | 77,524 | 3,206 | 80,730 | |||
| MA & N Hogarth | 57,138 | 57,138 | ||||
| Miss VSBowes | 447 | 447 | ||||
| Revd. TW | ||||||
| Jackson | 6,939 | 6,939 | ||||
| 142,048 | 3,206 | 145,254 |
| Analysts ofnet as | sets between | funds | |||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total Funds | ||
| Funds | Funds E |
Funds E |
2021 f |
||
| Tangible fixed assets | 39,558 | 820 | 40,378 | ||
| Investments | 74,698 | 74,698 | |||
| Current assets | 285,766 | 63,411 | 79,905 | 429,082 | |
| Creditors less than | 1 year | (27,535) | (33,431) | ||
| Net assets | 297,789 | 64,234 | 154,603 | 516,623 | |
| Unrestricted | Restricted | Endowment | Total Funds | ||
| Funds | Funds | Funds | 2020 | ||
| E | E | E | E | ||
| Tangible fixed assets |
40,226 | 1,640 | 41,866 | ||
| Investments | 65,349 | 65,349 | |||
| Current assets | 290,426 | 69,184 | 79,905 | 439,515 | |
| Creditors less than | 1 year | (23,698) | (23,698) | ||
| Net assets | 306,954 | 70,824 | 145,254 | 523,032 |