| Page | |||
|---|---|---|---|
| Trustees' | annual report |
||
| Independent examiner's report to the trustees |
|||
| Statement | offinancial | activities | |
| Statement | offinancial | position | 10 |
| Notes to the financial | statements | 11 |
| Page | |||
|---|---|---|---|
| Trustees' | annual report |
||
| Independent examiner's report to the trustees |
|||
| Statement | offinancial | activities | |
| Statement | offinancial | position | 10 |
| Notes to the financial | statements | 11 |
| 2022 | 2022 | 2021 | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | ||||
| Note | funds f |
funds f |
funds f |
Total funds f |
Total funds f. |
|
| Income and endowments | ||||||
| Donations and legacies Charitable activities |
4 5 |
51,174 13,587 |
51,174 13,587 |
49,798 6,642 |
||
| Other trading activities Investment income |
6 7 |
35,601 5,726 |
1,092 | 35,601 6,818 |
10,078 2,096 |
|
| Total income | 106,088 | 1,092 | 107,180 | 68,614 | ||
| Expenditure | ||||||
| Expenditure on raising funds; |
||||||
| Costs ofother | ||||||
| trading activities |
8 | 136 | ||||
| Expenditure on charitable activities |
9,10 | 107,040 | 820 | 107,860 | 84,236 | |
| Total expenditure | 107,040 | 820 | 107,860 | 84,372 | ||
| Net (losses)/gains on investments |
(8,793) | (8,793) | 9,349 | |||
| Net expenditure and net |
||||||
| movement in funds |
(952) | 272 | (8,793) | (9,473) | (6,409) | |
| Reconciliation offunds |
||||||
| Total funds brought forward | 297,789 | 64,231 | 154,603 | 516,623 | 523,032 | |
| Total funds carried forward | 296,837 | 64,503 | 145,810 | 507,150 | 516,623 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Note | 6 | ||||
| Fixed assets | |||||
| Tangible fixed assets Fixed asset investments |
15 16 |
37,795 65,905 |
40,378 74,698 |
||
| 103,700 | 115,076 | ||||
| Current assets | |||||
| Debtors | 17 | 19,527 | 16,083 | ||
| Short term deposits Cash at bank and in |
hand | 18 | 359,959 28,178 |
367,964 45,035 |
|
| 407,664 | 429,082 | ||||
| Creditors: amounts | falling | due within one year | 19 | (4,214) | (27,535) |
| Net current assets | 403,450 | 401,547 | |||
| Total assets less current liabilities | 507,150 | 516,623 | |||
| Net assets | 507,150 | 516,623 | |||
| Funds ofthe charity | |||||
| Endowment funds: |
|||||
| Permanent endowment |
funds | 138,424 | 147,217 | ||
| Expendable endowment Restricted funds |
funds | 7,386 64,503 |
7,386 64,231 |
||
| Unrestricted funds |
296,837 | 297,789 | |||
| Total charity funds | 21 | 507,150 | 516,623 |
| Donations and legacies |
||||
|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2022 | Funds | 2021 | |
| 6 | 6 | |||
| Donations | ||||
| Collections at all services | 8,854 | 8,854 | 4,521 | 4,521 |
| Planned giving |
23,685 | 23,685 | 22,337 | 22,337 |
| Taxes recoverable | 4,000 | 4,000 | 11,183 | 11,183 |
| Sundry donations | 8,987 | 8,987 | 10,590 | 10,590 |
| Legacies | ||||
| Legacies | 5,648 | 5,648 | ||
| Grants | ||||
| Grants receivable | 1,167 | 1,167 | ||
| 51,174 | 51,174 | 49,798 | 49,798 |
| 5. | Charitable | activities | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Total | Funds | Unrestricted | Total | Funds | |||||
| Funds | 2022 | Funds | 2021 | |||||||
| Fees | 12,919 | 12,919 | 6,509 | 6,509 | ||||||
| Magazine | donations | and | advertising | 668 | 668 | 133 | 133 | |||
| 13,587 | 13,587 | 6,642 | 6,642 |
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
|---|---|---|---|---|---|---|---|
| Funds 6 |
2022 | Funds f |
2021 6 |
||||
| Shop income | 263 | 263 | 30 | 30 | |||
| Church | hall and | meeting | room lettings | 25,457 | 25,457 | 3,760 | 3,760 |
| Catering | and refreshments | income | 895 | 895 | |||
| Fetes, bazaars | and other | fund raising | 8,669 | 8,669 | 6,214 | 6,214 | |
| Sundry | income | 317 | 317 | 74 | 74 | ||
| 35,601 | 35,601 | 10,078 | 10,078 |
| Unrestricted | Restricted | Total Funds | ||
|---|---|---|---|---|
| Funds | Funds | 2022 | ||
| 8 | 8 | |||
| Dividend | income | 1,960 | 1,960 | |
| Bank interest receivable | 3,766 | 1,092 | 4,858 | |
| 5,726 | 1,092 | 6,818 | ||
| Unrestdcted | Restricted | Total Funds | ||
| Funds | Funds | 2021 | ||
| F | 5 | F | ||
| Dividend | income | 1,896 | 1,896 | |
| Bank interest receivable | 148 | 52 | 200 | |
| 2,044 | 52 | 2,096 |
| Unrestricted | Total | Funds | Unrestricted | Total | Funds |
|---|---|---|---|---|---|
| Funds f |
2022 8 |
Funds 5 |
2021 | ||
| 136 | 136 |
| Expenditure on charitable activities by fund |
type | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2022 | ||
| F | E | E | ||
| Catering supplies |
404 | 404 | ||
| Wages and salaries Organist's expenses Ministry —parish offer |
18,755 1,363 36,000 |
18,755 1,363 36,000 |
||
| Ministry —clergy expenses Insurance Church running expenses Church repairs and maintenance Church hall running costs Diocese fees Contribution to St Michaels Church Workington |
Ltd | 1,880 7,188 5,169 9,762 4,588 4,970 |
1,880 7,188 5,169 9,762 4,588 4,970 |
|
| Sundry expenses Depreciation oftangible fixed assets Missionary and charitable giving Accountancy charges Legal and professional fees Bank interest Telephone and internet charges Printing and stationery |
5,469 2,871'~ 434 v' 2,210 7 1,002 7 1 1,618i' 3,356 v' |
820 | 5,469 3,691 434 2,210 1,002 1 1,618 3,356 |
|
| 107,040 | 820 | 107,860 | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2021 | ||
| E | E | E | ||
| Catering supplies |
||||
| Wages and salaries Organist's expenses |
4,689 590 |
4,689 590 |
||
| Ministry —parish offer | 36,000 | 36,000 | ||
| Ministry —clergy expenses | 261 | 261 | ||
| Insurance Church running expenses Church repairs and maintenance Church hall running costs Diocese fees Contribution to St Michaels Church Workington |
Ltd | 1,943 2,642 8,683 2,703 7,000 |
5,825 | 1,943 2,642 5,825 8,683 2,703 7,000 |
| Sundry expenses Depreciation oftangible fixed assets Missionary and charitable giving |
4,063 2,596 566 |
820 | 4,063 3,416 566 |
|
| Accountancy charges Legal and professional fees |
2,075 | 2,075 | ||
| Bank interest | ||||
| Telephone and internet charges |
1,359 | 1,359 | ||
| Printing and stationery |
2,421 | 2,421 |
| Unrestricted | Restricted | Total Funds | ||
|---|---|---|---|---|
| Funds | Funds | 2022 | ||
| 8 | 8 | |||
| Dividend | income | 1,960 | 1,960 | |
| Bank interest receivable | 3,766 | 1,092 | 4,858 | |
| 5,726 | 1,092 | 6,818 | ||
| Unrestdcted | Restricted | Total Funds | ||
| Funds | Funds | 2021 | ||
| F | 5 | F | ||
| Dividend | income | 1,896 | 1,896 | |
| Bank interest receivable | 148 | 52 | 200 | |
| 2,044 | 52 | 2,096 |
| Unrestricted | Total | Funds | Unrestricted | Total | Funds |
|---|---|---|---|---|---|
| Funds f |
2022 8 |
Funds 5 |
2021 | ||
| 136 | 136 |
| Expend | iture on charitable activitie |
s by activity type |
||
|---|---|---|---|---|
| Activities | ||||
| undertaken | Total funds | Total fund | ||
| directly | 2022 | 2021 | ||
| F | 6 | |||
| Church | activities | 107,860 | 107,860 | 84,236 |
| 11. | Net (losses)/g | ai | ns on in |
vestme | nts | ||||
|---|---|---|---|---|---|---|---|---|---|
| Endowment | Total Funds | Endowment | Total Funds | ||||||
| Funds | 2022 | Funds | 2021 | ||||||
| F | 8 | ||||||||
| Gains/(losses) | on listed investments | (8,793) | (8,793) | 9,349 | 9,349 | ||||
| 12. | Net expenditure | ||||||||
| Net expenditure | is stated | after charging/(crediting): | |||||||
| 2022 | 2021 | ||||||||
| F | |||||||||
| Depreciation | of | tangible fixed assets | 3,691 | 3,418 | |||||
| 13. | Independent | examination | fees | ||||||
| 2022 | 2021 | ||||||||
| 6 | F | ||||||||
| Fees payable | to the independent | examiner for: | |||||||
| Independent | examination | of the | financial | statements | 2,210 | 2,075 |
| Tangible fixed assets | |||
|---|---|---|---|
| Freehold | Fixtures and | ||
| property | fittings | Total | |
| F | |||
| Cost | |||
| At 1 January 2022 | 75,000 | 23,306 | 98,306 |
| Additions | 1,107 | 1,107 | |
| At 31December 2022 | 75,000 | 24,413 | 99,413 |
| Depreciation | |||
| At 1 January 2022 | 37,500 | 20,428 | 57,928 |
| Charge for the year | 1,500 | 2,190 | 3,690 |
| At 31December 2022 | 39,000 | 22,618 | 61,618 |
| Carrying amount |
|||
| At 31December 2022 | 36,000 | 1,795 | 37,795 |
| At 31 December 2021 | 37,500 | 2,878 | 40,378 |
| Valuation |
|---|
| At 1 January 2022 |
| Additions |
| Fair value movements |
| At 31December 2022 |
| Carrying amount |
| At 31December 2022 |
| At 31 December 2021 |
| Debtors | ||||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| f | ||||||
| Trade debtors | 1,864 | 506 | ||||
| Prepayments | and accrued income | 480 | 394 | |||
| Other debtors | 17,183 | 15,183 | ||||
| 19,527 | 16,083 | |||||
| Short term | deposits | |||||
| 2022 | 2021 | |||||
| f | ||||||
| Short-term | deposits | brought | forward | 367,964 | 410,869 | |
| Short-term | deposits | additions | 12,463 | 2,095 | ||
| Short-term | deposits | disposals | (20,468) | (45,000) | ||
| 359,959 | 367,964 |
| Creditors: amounts f |
alling due within one year | ||
|---|---|---|---|
| 2022 | 2021 | ||
| f | |||
| Trade creditors | 207 | 22,899 | |
| Accruals and deferred | income | 3,252 | 4,423 |
| Social security and other taxes | 471 | ||
| Other creditors | 284 | 213 | |
| 4,214 | 27,535 |
| At 1 | At 31 | ||||||
|---|---|---|---|---|---|---|---|
| January | Gains and | December | |||||
| 2022 | Income | Expenditure | Transfers | losses | 2022 | ||
| E | 5 | 5 | 5 | ||||
| General funds | 268,632 | 106,088 | (107,040) | 267,680 | |||
| A Hogarth | fund | 1,000 | 1,000 | ||||
| G EJones | fund | 28,157 | 28,157 | ||||
| 297,789 | 106,088 | (107,040) | — | — | 296,837 | ||
| At 1 | At 31 | ||||||
| January | Gains and | December | |||||
| 2021 8 |
Income | Expenditure | Transfers 5 |
losses | 2021 f |
||
| 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 1 | At 31 | ||||||
|---|---|---|---|---|---|---|---|
| January | Gains and | December | |||||
| 2022 | Income | Expenditure | Transfers | losses | 2022 | ||
| F | 6 | F | E | ||||
| Miscellaneous | |||||||
| Restricted | Funds | 34,867 | 1,092 | (820) | 35,139 | ||
| Fabric fund | 29,364 | 29,364 | |||||
| 64,231 | 1,092 | (820) | 64,503 | ||||
| At 1 | At 31 | ||||||
| January | Gains and | December | |||||
| 2021 | Income | Expenditure | Transfers | losses | 2021 | ||
| E | F | 6 | F | E | 6 | ||
| Miscellaneous | |||||||
| Restricted | Funds | 34,815 | 52 | 34,867 | |||
| Restoration | fund | 27,670 | (27,670) | ||||
| Fabric fund | 8,339 | (6,645) | 27,670 | 29,364 | |||
| 70,824 | 52 | (6,645) | 64,231 |
| Endowment funds |
||||||
|---|---|---|---|---|---|---|
| At 1 | At 31 | |||||
| January | Gams and | December | ||||
| 2022 8 |
Income F |
Expenditure P |
Transfers | losses | 2022 f |
|
| Elsie Shaw | ||||||
| Bequest | 90,079 | (8,793) | 81,286 | |||
| MA & N Hogarth | 57,138 | 57,138 | ||||
| Miss VSBowes | 447 | 447 | ||||
| Revd. TW | ||||||
| Jackson | 6,939 | 6,939 | ||||
| 154,603 | (8,793) | 145,810 | ||||
| At 1 | At 31 | |||||
| January | Gains and | December | ||||
| 2021 | Income | Expenditure | Transfers | losses | 2021 | |
| 8 | E | 5 | 8 | E | ||
| Elsie Shaw | ||||||
| Bequest | 80,730 | 9,349 | 90,079 | |||
| MA & N Hogarth | 57,138 | 57,138 | ||||
| Miss VSBowes | 447 | 447 | ||||
| Revd. TW | ||||||
| Jackson | 6,939 | 6,939 | ||||
| 145,254 | 9,349 | 154,603 |