OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-12-31-accounts

Page
Trustees' report 1to 16
Independent examiner's report 17
Statement of financial activities 18
Balance sheet 19
Statement of cash flows 20
Notes to the financial statements 21to 29

STPAUL'5 CHURCH SALISBURY STPAUL'5 CHURCH SALISBURY STPAUL'5 CHURCH SALISBURY
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING
INCOME AND EXPENSES ACCOUNT)
FOR THE YEAR ENDED 31DECEMBER 2022
Unrestricted
Funds 2022		 Restricted
funds 2022		 Endowment
funds 2022		 Total funds
2022		 Unrestricted
Funds 2021		 Restricted
funds		 Endowment
funds 2021		 Toto(funds
2021
2021
Note
INCOME AND ENDOWMENTS		 6 E E E
FROM:
Donations
and legacies
Charitable
activities
Other trading activities:		 402,386
34,899		 49,106 451,492
34,899		 433,784
16,085		 49,18$ 482,972
16,085
Letting income
Investments		 38,836
1,379		 38,836
1479		 17,254
57		 17,254
57
TOTAL INCOME AND
ENDOWMENTS 477,500 49,106 526,606 467,180 49,188 516,368
EXPENDITURE ON:
Costs of raising funds:
Letting expenses
Charitable
activities
68t7
6&7		 43,110
400,284		 55,580 43,110
455,S64		 28,959
436,130		 3B,S54 28,959
474,984
TOTAL EXPENDITURE
443,394 55,580 498,974 465,089 38,854 503,943
NET INCOME/
(EXPENDITURE) BEFORE
TRANSFERS 34,106 (6,474) 27,632 2,091 10,334 12,425
Transfers between
Funds		 5,068 (5,068) 35,615 (34,733) (882)
NET INCOME/
(EXPENDITURE) BEFORE GAINS
AND LOSSES 39,174 (11,542) 27,632 37706 (24399) (882) 12,425
NET MOVEMENT
IN FUNDS		 39,174 (11442) 27,632 37,706 (24,399) (882) 12,425
RECONCILIATION
OF FUNDS:
Total funds brought forward
(Note 17)
TOTAL FUNDS CARRIED		 610,989 58,960 669,949 573,283 83,539 882 657,704
FORWARD (NOTE 17) 650,163 47,418 697,581 610,989 58,960 669,949
ST PAUL'5 CHURCH SALISBURY ST PAUL'5 CHURCH SALISBURY
BALANCE SHEET
AS AT31DECEMBER 2022
2022 2021
FIXEDASSETS Note E 6
Tangible assets 12 540,406 550,171
CURRENT ASSETS
Stocks
Debtors
Cash at bank and in hand		 13
14		 499
9,062
236,197		 595
8,255
197,889
245,758 206,739
CREDITORS: amounts falling due
within one year 15 (34,569) (22,387)
NET CURRENT ASSETS
TOTAL ASSETS LESSCURRENT LIABILITIES		 211,189
751,595		 184,352
734,523
CREDITORS: amounts falling due
after more than one year 16 (54,014) (64,574)
NET ASSETS 697,581 669,949
CHARITY FUNDS
Restricted funds
Unrestricted
funds		 17
17		 47,418
650,163		 58,960
610,989
TOTAL FUNDS 697,581 669,949
The financial statements were approved by the Trustees on
and signed on their behalf, by:
lg oi( 2-)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31DECEMBER 2022
2022 2021
Note
Cash flows from operating activities
Net cash provided by operating
activities		 19 38,241 25,859
Cash flows from investing activities:
Interest 1,379 57
Purchase oftangible
fixed		 assets (1,312) (7,428)
Net cash used in investing activities 38,308 18,488
Change
in cash and cash equivalents		 in the year 38,308 18,488
Cash and cash equivalents brought forward 197,889 179,401
Cash and cash equivalents carried forward 20 236,197 197,889
STPAUL'S CHURCH SALISBURY
NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31DECEMBER 2022
1. ACCOUNTING
POLICIES
1.1 Basis ofpreparation
offinancial statements
The PCC is a public benefit entity within the meaning of FRS102.The financial statements
have been prepared
under the
historical cost convention
with items recognised at cost or transaction
value unless otherwise
started
in the relevant
note(s) to
these accounts.
The accounts have been prepared
in accordance with the Statement ofRecommended
Practice (SORP (FRS102)):Accounting
and Reporting
by Charities
preparing
their accounts
in accordance
with the Financial Standard
applicable
in the UK and Republic
of Ireland(FRS 102)issued
in 2019and with the Charities Act 2011.
These accounts have been prepared
on a Going Concern basis as there are no material
uncertainties
about the ability to
continue.
The accounts are shown
in Pounds Sterling
1.2 Income
All income is recognised
once the charity has entitlement
to the income, it is probable that the income will be received and the
amount ofincome receivable
can be measured
reliably.
Income tax recoverable
in relation to donations
received under Gift Aid or deeds ofcovenant
is recognised at the time ofthe
donation.
Income tax recoverable
in relation to investment
income is recognised
at the time the investment
income
is receivable.
Government
grants are recognised
when received.
Other income is recognised
in the period
in which it is receivable
and to the extent the goods have been provided or on
completion ofthe service.
1.3 Expenditure
Expenditure
is recognised once there is a legal or constructive
obligation to transfer economic benefit to a third party,
it is
probable that a transfer ofeconomic benefits
will be required
in settlement
and the amount ofthe obligation
can be measured
reliably. Expenditure
is classified
by activity. The costs ofeach activity are made up ofthe total ofdirect costs and shared costs,
including
support costs involved
in undertaking
each activity. Direct costs attributable
to a single activity are allocated directly
to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable
to a single
activity are apportioned
between those activities on a basis consistent
with the use ofresources. Central staff costs are
allocated on the basis oftime spent, and depreciation
charges allocated
on the portion ofthe asset's use.
Fundraising
costs are those incurred
in seeking voluntary
contributions
and do not include the costs ofdisseminating
information
in support ofthe charitable
activities. Support costs are those costs incurred
directly
in support ofexpenditure
on
the objects ofthe charity and include project management
carried out at Headquarters.
Costs ofgenerating
funds are costs incurred
in attracting
voluntary
income, and those incurred
in trading
activities that raise
funds.
Charitable
activities and Governance
costs are costs incurred
on the charity's
educational
operations,
including
support costs
and costs relating to the governance
ofthe charity apportioned
to charitable
activities.
1.4 Tangible fixed assets and depreciation
A review for impairment
ofa fixed asset is carried out ifevents or changes
in circumstances
indicate that the carrying value of
any fixed asset may not be recoverable.
Shortfalls between the carrying value offixed assets and their recoverable
amounts
are
recognised as impairments.
Impairment
losses are recognised
in the Statement
offinancial activities.
Tangible fixed assets are carried at cost, net ofdepreciation
and any provision for impairment.
Depreciation
is not charged on
freehold
land. Depreciation
is provided
at rates calculated to write offthe cost offixed assets, less their estimated
residual
value, over their expected useful lives on the following
bases:
Fixtures and fittings -2096straight
line
General equipment
-2096straight
line
Computer
equipment
-3396straight
line
Car park improvements
- 1096straight
line
1.5 Interest receivable
Interest on funds held on deposit
is included
when receivable
and the amount
can be measured
reliably
by the charity; this is
normally
upon notification ofthe interest
paid or payable
by the bank.
STPAUL'S CHURCH SAUSBURY
NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31DECEMBER 2022
1. ACCOUNTING
POLICIES (continued)
1.6 Stocks
Stocks are valued at the lower ofcost and net realisable
value after making due allowance for obsolete and slow-moving
stocks.
Cost includes
all direct costs and an appropriate
proportion
offixed and variable overheads.
1.7 Debtors
Trade and other debtors are recognised
at the settlement
amount after any trade discount offered. Prepayments
are valued
the amount
prepaid
net ofany trade discounts due.		 at
1.& Cash at bank and in hand
Cash at bank and
in hand includes cash and short term highly
liquid investments
with a short maturity
ofthree months or less
from the date ofacquisition
or opening ofthe deposit or similar account.
1.9 Liabilities and provisions
Liabilities are recognised
when there is an obligation at the Balance sheet date as a result ofa past event, it is probable that a
transfer ofeconomic benefit will be required
in settlement,
and the amount ofthe settlement
can be estimated
reliably.
Liabilities are recognised at the amount that the charity anticipates
it will pay to settle the debt or the amount
it has received as
advanced
payments
for the goods or services it must provide. Provisions are measured
at the best estimate ofthe amounts
required to settle the obligation.
Where the effect ofthe time value of money
is material, the provision
is based on the present
value of those amounts,
discounted
at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding
of
the discount
is recognised
within interest
payable
and similar charges.
1.10 Financial instruments
The charity only has financial assets and financial
liabilities of a kind that qualify as basic financial instruments.
Basicfinancial
instruments
are initially recognised at transaction
value and subsequently
measured
at their settlement
value with the
exception of bank loans which are subsequently
measured
at amortised
cost using the effective interest method.
1.11 Pensions
The charity operates a defined contribution
pension scheme and the pension charge represents
the amounts
payable
by the
charity to the fund
in respect ofthe year.
1.12 Fund accounting
General funds are unrestricted
funds which are available for use at the discretion ofthe Trustees
in furtherance
ofthe general
objectives ofthe charity and which have not been designated
for other purposes.
Designated
funds comprise unrestricted
funds that have been set aside by the Trustees for particular
purposes. The aim and
ofeach designated
fund
is set out in the notes to the financial statements.		 use
Restricted funds are funds which are to be used
in accordance
with specific restrictions
imposed
by donors or which have been
raised by the charity for particular
purposes. The costs of raising and administering
such funds are charged against the specific
fund. The aim and use ofeach restricted
fund isset out in the notes to the financial statements.
1.13 Tax Status
The charity
is not liable for corporation
tax as trading income falls below the relevant threshold
and is also below the VAT
threshold,
which means
it does not charge VAT, but is also unable to reclaim VAT on purchases.

INCOME FROM DONATIONS, LEGACIES AND GRANTS LEGACIES AND GRANTS
Unrestricted Restricted
Total		 funds Unrestricted Restricted funds Totalfunds
funds 2022 funds 2022
2022		 funds 2022 2022 2021
E E
Tax efficient general
giving
Other general
giving
Collections at services
Donation for Covid 19
Gifts for mission
Gifts for building
project
Gifts for CAP
Gifts for community
Gifts for Safe Haven
Grant for CAP
Grant for community
Gifts and grants for specific purpose.
Grant for SP2
Tax recovered
-general
giving
Tax recovered
- building
project
Tax recovered - community
Tax recovered - specific purposes
Tax recovered
- CAP		 278,870
45,676
7,164
300
560
69,691
125		 34,305
2,108
1,104
7,000
1,202
125
3,262		 278,870
45,676
7,164
300
560
34,305
2,108
1,104
7,000
1,202
69,691
125
125
3,262		 282,755
59,728
3,442
300
1,280
26,802
69,422
255		 850
20,675
804
24,292
6,250
528
2,150
250
638
2,751		 282,755
59,728
3,442
850
300
1,180
20,675
804
14,292
6,250
528
2,150
16,802
69,422
155
250
638
2,751
402,386 49,106 451,492 433,784 49,288 482,972
ANALYSIS OF INCOME FROM CHARITABLE ACTIVITIES BYTYPE OF INCOME
Unrestricted
Restricted
Total		 funds Unrestricted Restricted funds Totalfunds
funds 2022
funds		 2022
2022		 funds 2022 2022 2021
SP2 coffee shop sales
Statutory fee received
Childrens
and youth work receipts
Adult work
Conferences,
events and clubs		 E
23,587
2,556
4,296
1,085
3,375		 E E
23,587
2,556
4,296
1,085
3,375		 E
7,692
2,208
2,032
754
3,400		 E E
7,691
2,208
2,032
754
3,400
34,899 34,899 26,085 26,085
ETTING S INCOME
Unrestricted
Restricted
Total		 funds Unrestricted Restricted funds Totalfunds
funds 2022
funds		 2022
2022		 funds 2022 2021 2021
E E E E E E
Charity letting income
Church, church centre and SP2 38,836 38,836 17,254 17,254
NVESTMENT INCOME
Unrestricted
Restricted
Total		 funds Unrestricted Restricted funds Totalfunds
funds 2022
funds		 2022
2022		 funds 2022 2021 2021
Investment
income		 E
1,379		 E E
1@79		 57 E E
57
STPAUL'5 CHURCH SAUSBURY STPAUL'5 CHURCH SAUSBURY STPAUL'5 CHURCH SAUSBURY STPAUL'5 CHURCH SAUSBURY STPAUL'5 CHURCH SAUSBURY
NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31DECEMBER 2022
6. ANALYSIS OF EXPENDITURE
Un fee't ncted Restricted Total funds Unrestricted Restricted Totalfunds
Funds 2022 funds 2022 2022 funds 2021 funds 2021 2021
E E E f
All mission giving and grants 41,438 41,438 48,089 3,620 51,709
Church costs 358,846 55,580 414,426 388,041 35,234 423,275
Letting expenses 43,110 43,110 28,959 28,959
443,394 55,580 498,974 465,089 38,854 503,943
7. CHURCH COSTS
Un-restricted Restricted Total funds Unrestricted Restricted funds Totalfunds
Funds 2022 Fund 2022 2022 Funds 2021 2021 2021
E 5
Safe Haven 3,909 3,909
CAP expenses 33,262 33+62 29,266 29,266
SP2 Cafd cost ofsales 14,126 14,126 5,286 5,286
Building project 2,816 6,631 9,447 1,506 1,506
Parish share 99,960 99,960 95,200 95,200
Staff costs (note 11) 142@62 154,862 190,246 190,246
Community
ministry		 and outreach 311 311 474 474
Youth work
Children's
work		 3,195
4,740		 3,195
4,740		 1,910
4,108		 1,910
4,108
Adult ministry
and courses		 404 404 223 223
Conferences
and events and clubs		 4,108 4,108 2,515 2,515
Staff expenses and training
Church services		 12,062
2~1		 12,062
2,281		 11,001
1,653		 11,001
1,653
Insurance 5,978 5,978 5,277 5,277
Administration 16,095 16,095 18,599 18,599
Repairs and maintenance 13,398 13,398 12,905 12,905
Mini bus expenses 1,741 1,741 1,105 1,105
Utilities and rates 10,679 10,679 12,250 12,250
Hope centre 10,693 10,693
Depreciation 11,077 11,077 21,083 21,083
Professional fees 2,820 2+20 2,700 2,700
Other expenses including Covid 19 expenses 1,985 1,985 2,059 2,059
Specified donations 1+02 1+02
3582PI6 55,580 414,426 3BB,041 35,234 423,275
Un-restricted Restricted Total funds Unrestricted Restricted funds Totalfunds
Funds 2022 Fund 2022 2022 Funds 2021 2021 2021
E E E
Centre letting expenses 43,110 43,110 28,959 28,959
Charity letting expenses relate to the proportion ofthe salaries, repairs and maintenance, insurance and utilities costs attributable to the hiring ofsurplus
capacity in the Church
buildings		 to external users.

E750plus VAT (2021-E750 plus VAT), and accountancy
service		 s ofE1,500 plus VAT (2021 -f1,500 plus VAT).
Analysis ofstaff costs
2022 2021
E 6
Salaries and wages 200,983 211,446
Social security costs 9,552 10,289
Pension costs 10,791 11,818
Related expenses 2,474 6,294
Total 223,SOO 239,847

Freehold Mini bus Fixtures and Equipment Car park Total
property fittings improvements
Cost E E E E E E
At 1January 2022
Additions		 525,000 1,000 165,160 58,345 42,581 792,086
At 31December 2022 525,000 1,000 165,160 1,312
59,657		 42,581 1,312
793,398
Depreciation
At 1January 2022
Charge forthe year
At 31December 2022		 600
200
800		 155,750
4,189
159,939		 54,328
2,430
56,758		 31,237
4,258
35,495		 241,915
11,077
252,992
Net book value
At31December 2022
At 31December 2021		 525,000
525,000		 200
400		 5~1
9,410		 22I99
4,017		 7,086
11,344		 540,406
550,171
ehold
property
is in respect
Centre has been estimated		 ofthe Church Centre (located
on an "in usea basis.		 on the same site as the Church) and 159 - 161 Fisherton Street (SP2).The value ofthe
Stocks
2022 2021
Goods for resale E
499		 595
DEBTORS
2022 2021
Prepayments
and accrued income
Tax recoverable		 E
2,630		 5,452
6,432 2,803
9,062 8,255
CREDITORS: Amounts falling due within one year
2022 2021
E E
Otherloans
Other creditors		 10,560
24,009		 10,560
11,827
34,569 22,387
Other loans is an interest free loan, and is secured against the Church Centre.
CREDITORS: Amounts falling after more than one year 2022 2021
Otherloans E
54,014		 E
64,574
54,014 64,574
17.
STATEMENT OF FUNDS
STATEMENT OF FUNDS - CURRENT YEAR
Balance at 1
Income
Expenditure		 Transfers Movement
in		 Balance at
January 2022 in/out the year 31
December
2022
Unrestricted
funds		 6
General Funds
Designated
Funds - Mission
Fund
-Youth Mission
-Building repairs
-Hope Centre
-Telephony
-Debt reserve fund
-Outreach/Mission
580,326
476,515
300
1,665
5,302
23,696
610,989
477,500		 (388,447)
(41,438)
(2,816)
(10,693)
(443,394)		 (70,942)
41,382
14,000
5,000
10,560
5068
5,068		 17,126
244
(2,131)
3,307
5,000
10,560
5 068
39,174		 597,452
244
1,665
3,171
27,003
5,000
10,560
5,068
650,163
Restricted funds
Community
Fund
CAP Centre Fund
Building Project (ETT)
Safe Haven
Fund
Grants for specific purposes
5,497
17,036
6,631
5,669
24,127
2,233
44,567
1,104
1,202		 (1,985)
(33,262)
(6,631)
(13,702)		 (5,068) 248
11,305
(6,631)
1,104
(17,568)		 5,745
28,341
6,773
6,559
58,960
49,106		 (55,580) (5,068) (11,542) 47,418
Total offunds
669,949
526,606		 (498,974) 27,632 697,581
Fund details
Unrestricted
funds
General Fund - this isthe main fund ofthe PCC and there is no restriction
on its use.
The transfer
in 2022 is made up ofthe donation to the Mission
Fund off41382and transfers to the
65,000 and Debt Reserve 610,560.		 designated funds Hope Centre 614 000,Telephony/IT
Mission designated
Fund
-this fund receives atithe of12.5%ofvoluntary
income (excluding
Gift Aid tax recovery) together
with gifts for specified
beneficiaries.
The detailed allocation ofthe total ofnon-specified
gifts is recommended
by the Mission Support Committee
and
approved
by the PCC.The transfer
in 2022 isthe general funds donation to the Mission Fund.		 mission
Youth Mission designated
fund -the PCC agreed to remove the word Overseas on this designation.
Building Repairs designated
fund —monies set aside for building
repairs.
Hope Centre designated
fund - The donor ofthe restricted
Break-through
Trauma donation
removed
designated
the funds to the Hope Centre.		 the restriction during 2021 and the trustees
Telephony designated
fund - to resource the implementation
ofdigital telephony
and
ITsupport.
Outreach/Mission
- This fund includes donations
made in 2020that were originally
classed as restricted for men's ministry
and reported
within
Grants for
Specific Purposes. The donor has recently clarified that these funds were not intended to be restricted
as has given permission
for them to be used for any
purpose
supporting
mission or outreach
Debt reserve designated
fund - reflects liability for loan repayment
in coming year.
Restricted funds
Community
Fund - Funds received to meet specific needs ofthose in our community.
CAP centre fund - This restricted
fund isto support the operation ofthe Salisbury
CAP Debt Centre which
is hosted
by St Paul's on behalf
Salisbury.
All donations to the centre are maintained
within this fund which is used to cover staff costs and operational
expenses.		 ofchurches across
Building Project (EITjfund
-This fund was established to support the church's
buildings.
In 2021the whole fund was classified as a restricted
fund, the trustees concluded that this is was no longer appropriate
as recent donations
were not subject to the restriction
and decided to transfer these to
the Buildings Repairs designated
fund.
Safe Haven Fund -This fund was established
to support the church's work with those who have suffered from abuse or traumatic
experiences.
During
the donor ofthe restricted
Break-through
Trauma donation
removed the restdiction
on the funds and the trustees
designated
the funds to the Hope
Centre.		 2021
Grants forspecific purposes - This fund
Is used to ensure that money received as grants or gifts for specified purposes
in one financial year and not
expended
until the following year are kept separately
from Church's general funds.
STATEMEAIT OF FUNDS - PRIOR YEAR
Balance at 1
January 2021		 Income Expenditure Transfers
in/out		 Movementin
the year		 Balance at
31
December
2021
Unrestricted funds E
General Funds
Designated
Funds - Mission Fund
- Youth Overseas Mission
- Building Repairs
-Hope Centre
Endowment
funds		 573,283
573,283		 465,545
300
1,335
467,180		 (416,133)
(47,450)
(1,506)
(465,089)		 (42,369)
47,150
1,665
5,473
23,696
35,615		 7,043
1,665
5,302
23,696
37,706		 580,326
1,665
5,302
23,696
610,989
Endowment
funds
(882) (882)
Restricted funds
Mission Fund
Community
Fund
CAP Centre Fund
Building Project (ETT)
Safe Haven Fund
Grants forspecific purposes
Youth Overseas Mission		 3,899
5,124
16,626
12,104
31,482
12,459
1,665
83,359		 2,432
29,676
1,792
15,288
49,188		 (2,059)
(29,266)
(3,909)
(3,620)
(38,854)		 (3,899)
(5,473)
(23,696)
(1,665)
(34,733)		 (3,899j
373
410
(5,473)
(25,813)
11,668
(1,665)
(24,399)		 5,497
17,036
6,631
5,669
24,127
58,960
Total offunds 657,524 516,368 (503,943) 12,425 669,949
ANALYSIS OF NET ASSETSBElWEEN FUNDS -CURRENT YEAR
Unrestricted Restricted Endowment Total funds
Funds 2022 funds 2022 funds 2022 2022
E E E
Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year		 540,406
198,340
(34,569)
(54,014)		 47,418 540,406
245,758
(34,569)
(54,014)
650,163 47,418 697,581
ANALYSIS OFNETASSETSBETWEEN FUNDS- PRIOR YEAR
Unrestricted Restricted Endowment Total funds
Funds 2021 funds 2021 funds 2021 2021
Tangible fixed assets
Current assets
Creditors due within one year
Creditors duein more thon one year
Difference		 E
550,171
147,779
(22,387)
(64,574)		 E
58,960		 E 550,171
206,739
(22,3871
(64,574)
610,989 58,960 669,949

2022 2021
Net (expenditure)/income for the year (as per Statement of Financial f E
Activities)
27,632 12,425
Adjustment for:
Depreciation
charges
Interest		 11,077 21,083
(Increase)/decrease in stocks (1@79) (57/
(Increase)/decrease in debtors 96 369
Increase/(decrease) in creditors (807) 892
1,622 (8,853/
Net cash provided by operating activities 38,241 25859
20.
ANAYLYSIS		 OF CASH AND CASH EQUIVALENTS 2021 2021
Cash in hand E E
236,197 197,889
Total
236,197 197,889
21.
RELATED PARTY TRANSACTIONS
No trustee received remuneration or expenses for their work as trustees.
One connected
person
(Kim		 Ryalls) received remuneration from the PCC as authorised by 53(1)ofthe Parochial Church (Powers) Measure 1856.