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|||Page|
|---|---|---|
|Trustees'
annual
report|||
|Independent
examiner's
report to the trustees|||
|Statement offinancial|activities||
|Statement offinancial|position||
|Notes to the financial|statements|10|
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|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||||||
||||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|||||
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|||||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|
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|||||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|
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|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|
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|||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|
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|||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|
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|Unrestricted|Total|Funds|Unrestricted|Total|Funds|
|---|---|---|---|---|---|
|Funds||2021|Funds||2020|
|E|||||E|
|136||136|63||63|
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|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|
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|||||||||||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||||||||
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|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|
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|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|
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|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|
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|||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|
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|||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|
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|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|
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|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|
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