Registered Charity no. 1132178 

**The Parochial Church Council of Ecclesiastical Parish Of St Mary Magdalene, Lillington Known as St Mary Magdalene's Church Trustees Annual Report and Accounts Year Ended 31st December 2021** 




## **St Mary Magdalene's Church, Lillington** 

**Year Ended 31st December 2021** 

## **Contents Page** 

||**Page**|
|---|---|
|Legal and Administrative Information|**1**|
|Trustees Annual Report|**3**|
|Independent Examiners Report|**7**|
|Statement of Financial Activities|**8**|
|Statement of Financial Position|**9**|
|Notes to the Financial Statements|**10**|





## **St Mary Magdalene's Church, Lillington** 

## **Year Ended 31st December 2021** 

## **Legal and Administrative Information** 

## **Reference** 

The Charity is called “The Parochial Church Council of Ecclesiastical Parish Of St Mary Magdaene, Lillington”. The Parochial Church Council is known as the PCC for short. Other names which are used for the charity are "St Mary Magdalene's Church". The Church is registered with the Charity Commission for England and Wales and was registered on the 16 October 2009. Before this the church was excepted registration. 

**Registered Charity Number** 1132178 **Registered Office** St. Mary Magdalene Church Vicarage Road Leamington Spa Warwickshire CV32 7RH 

## **Website** 

## www.lillingtonparishchurch.org 

## **Parochial Church Council (PCC) Members and Trustees** 

The council members and trustees who have served during the year until the date this report was approved are: 

|||**Date**|**Date**|
|---|---|---|---|
|**Member**|**Role**|**Appointed**|**Resigned**|
|Rev William Smith|_Chair_|||
|Robin Stuart Innes|_Trustee_|||
|Samuel Meacock|_Trustee_|||
|Rev Rosemary Caroline Pantling|_Trustee_|||
|Dr Diana Taulbut|_Trustee_|||
|Amanda Marjorie Stevens|_Trustee_|||
|Maureen Reynolds|_Trustee_|||
|Lucy Ann Dean|_Trustee_|_22/04/2021_||
|Mrs Patricia Poulson|_Trustee_|||
|Sarah Elizabeth Boad|_Trustee_|||
|Eleanor Mary Hucklesby|_Trustee_|||
|Carol Innes|_Trustee_|||
|Marc Gadsby|_Trustee_|||
|Christine Anne Butler|_Trustee_|||
|Rachel Duff|_Trustee_|||
|John Butler|_Trustee_|||
|Rev S Fairhurst|_Trustee_|||
|Laurence Reginald Cooke|_Trustee_|||
|Graham Cooper|_Trustee_|||



1 



## **St Mary Magdalene's Church, Lillington** 

**Year Ended 31st December 2021** 

## **Legal and Administrative Information** 

**Primary Bankers** 

HSBC UK Bank plc PO Box 88 The Parade, Leamington Spa CV32 4BU 

## **Independent Examiner:** 

Nigel Wyatt BSC FCA Wyatt & Co Chartered Accountants 125 Main Street Garforth Leeds LS25 1AF 

2 



## **St Mary Magdalene's Church, Lillington** 

## **Year Ended 31st December 2021** 

## **Trustees Annual Report** 

## **1. Reference and administrative information** 

- 1.1. The Parochial Church Council of the Ecclesiastical Parish of St Mary Magdalene, Lillington, Leamington Spa 

- 1.2. St Mary Magdalene Church, Vicarage Road, Lillington, Leamington Spa, CV32 7RH 

- 1.3. The Parish Office, Vicarage Road, Lillington, Leamington Spa, CV32 7RH 

- 1.4. Trustees of the charity (members of the Parochial Church Council): 

|Rev William Smith|Chair|
|---|---|
|Robin Stuart Innes|Trustee|
|Samuel Meacock|Trustee|
|Rev Rosemary Caroline Pantling|Trustee|
|Dr Diana Taulbut|Trustee|
|Amanda Marjorie Stevens|Trustee|
|Maureen Reynolds|Trustee|
|Lucy Ann Dean (_from 22/04/2021_)|Trustee|
|Mrs Patricia Poulson|Trustee|
|Sarah Elizabeth Boad|Trustee|
|Eleanor Mary Hucklesby|Trustee|
|Carol Innes|Trustee|
|Marc Gadsby|Trustee|
|Christine Anne Butler|Trustee|
|Rachel Duff|Trustee|
|John Butler|Trustee|
|Rev S Fairhurst|Trustee|
|Laurence Reginald Cooke|Trustee|
|Graham Cooper|Trustee|



## 1.5. Bankers to the PCC: 

- 1.5.1. HSBC, PO Box 88, The Parade, Leamington Spa, Warwickshire, CV32 4BU 

- 1.5.2. CCLA Investment Management Ltd, Senator House, 85 Queen Victoria Street, London, EC4V 

- 4ET 

- 1.5.3. The Financial Examiner to the church accounts is Wyatt and Company, 125 Main Street, Garforth, Leeds, West Yorkshire, LS25 1AF 

- 1.6. Day to day management of the church is in the hands of the Vicar, Revd. William Smith, The Vicarage, Vicarage Road, Lillington, Leamington Spa, CV32 7RH. 

3 



## **St Mary Magdalene's Church, Lillington** 

## **Year Ended 31st December 2021** 

## **Trustees Annual Report** 

## **2. Structure, Governance and Management** 

- 2.1. The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the _Parochial Church Council Powers Measure_ . 

- 2.2. The Vicar and named members of the PCC are trustees of three small trusts, namely: _Machen and Pershouse_ , _Cumberland_ and _Cunningham_ . The income from these investments comes to the PCC, the first for the relief of poverty in the parish and the other two for the upkeep of graves and the 

- churchyard. 

- 2.3. PCC members are appointed in accordance with _Church Representation Rules_ . 

- 2.4. New members of the PCC are given a copy of, and are required to read, “Trusteeship – an 

- introduction for PCC members”. The PCC appoints one of its number, or a suitable member from 

- the church membership, as a Health and Safety Officer with special responsibility in this area. Similarly, the PCC appoints a suitably trained member of the PCC to oversee the church’s responsibility for the safeguarding of children and vulnerable adults. 

- 2.5. The Vicar and Standing Committee meet to prepare the agenda prior to each PCC meeting. It is the function of these meetings to ensure that matters are brought to the PCC in a timely fashion. 

- 2.6. The Standing Committee meets regularly (every 3-4 weeks) to ensure that the day-to-day practical business of the Church is carried forward in a timely fashion. 

- 2.7. Following four 8EQ (8 Essential Qualities) surveys of St Mary Magdalene and follow-up reviews, the PCC uses the outcome of this as the driving force for change. Two “maintenance” groups for 

- Finance and, especially, Fabric provide the focus for day to day and project activities in these areas. 

- 2.8. The church’s Charity Committee, comprising PCC and non-PCC members with an interest in this field, advises the PCC on its charitable giving. 

- 2.9. The PCC minimises risk through intelligent management of the church, implementation of sensible procedures and adequate insurance. A specific risk assessment has not been carried out. 

- 2.10. The requirement for a Reserves Policy has been identified and it is planned that such a policy will be put into place during 2022. 

## **3. Objectives and Activities** 

- 3.1. The primary objective of the church is the promotion of the Gospel of Jesus Christ according to the doctrines of the Church of England. The PCC co-operates with the Vicar in promoting the whole mission of the Church: pastoral, evangelistic, social and ecumenical in Lillington Parish. 

- 3.2. The Vicar and PCC promote the objectives of the church in a number of ways including: maintaining and improving the services of worship; teaching the faith through sermon series and home groups; provision of occasional offices (weddings, baptisms and funerals) for those living in the parish; engagement in the local community (especially through the Love Lillington initiative): working closely with the local schools; open days and fairs; building relationships with other churches in the area. 

## 3.3. Unpaid church members contribute to our objectives by: 

   - Cleaning the church and premises 

   - Maintaining the churchyard 

   - Running events such as “Looking at Lillington” 

   - Providing home communion services for parishioners and local residential homes 

   - Contributing to the services of the church by acting as sides-persons, reading, leading prayers, 

   - • etc. 

   - Flower arranging 

   - Providing secretarial and financial services to the PCC 

- 3.4. The church supports local and national, mainly Christian, charities, and responds appropriately to major disaster appeals. In addition to encouraging congregational giving to specific causes at Lent, Harvest and Christmas, the PCC also gives away a percentage of its income each year. It is advised by the PCC Charity Committee as to which causes this money should go. 

4 



## **St Mary Magdalene's Church, Lillington** 

## **Year Ended 31st December 2021** 

## **Trustees Annual Report** 

## **4. Achievements and performance** 

4.1. Average church attendance per week in 2021 was: Adults (16+): 70 Children and young people: 12 

4.2. The number of Occasional Offices in 2021 was: Weddings: 4 Funerals: 19 Number of people Baptised: 3 Number of people Confirmed: 0 

In 2021 we worked hard once again to cope with the many restrictions imposed upon us as a result of the pandemic. During periods of lockdown, we were able to transfer almost all our activities online and have continued to offer online services moving forward to enable a wide range of people to engage with our ministry who are either continuing to shield or who simply through age, infirmity or geography cannot physically attend services in person. We hope to make our broadcasting a permanent feature of ministry both on Sundays and for occasional offices. We have during 2021 had opportunities to express ourselves creatively in new and exciting ways. One feature in particular that has become an important focus of our life during 2021 and that is our use of the church yard. We have created prayer stations and art installations, held a Christmas tree festival and staged coffee mornings. This has been not just for the local faith community to engage with but by the wider community at large. Outside services have been very popular and in particular Carols by outside Christmas tree light was something that we will hope to continue offering as we move forward. We are delighted that new people continue to join us and that the pandemic has been an invitation to examine very carefully how we use all our space in and around the building. As a result, we have exciting plans to use our facilities in new a fresh ways. 

## **5. Financial Review** 

5.1. At the end of 2021, in the General Fund, Income exceed Expenditure by £12,104. 

5.2. The total of funds at the end of 2021 – HSBC current account was £29,085.48 and CBF Fund (Church of England Managed Fund) was £77,218.93. 

5.3. The charitable policy introduced in 2016 resulted in a charitable donation each month of the year. Eleven charities were supported financially during the year through the policy, providing £3,419.00 in donations. Additionally, donations were specified by donors for four charity appeals and passed on by the church, providing £2,831.94 in donations (including Gift Aid). 

5.4. A new COVID Emergency Response Fund was created in April 2020. This fund received £1,526 in income during 2021 and distributed £140, providing financial assistance to members of the community impacted as a result of the COVID pandemic. 

5.4. Love Lillington community project has seen an upsurge in activity in recent years with Love Lillington projects continued into 2021 resulting in expenditure of £5,455 and income of £5,455. 

5.6. No serious incidents or other matters occurred during the year which should have been brought to the attention of the Charity Commission. 

## **6. Public Benefit Statement** 

6.1. St Mary Magdalene Church Lillington gives due consideration to the Charity Commission’s published guidance on the Public Benefit requirement under the Charities Act 2011. 

6.2. Through the advancement of the Christian faith in the church benefits the public through the holding of worship services, prayer meetings, courses, groups, weddings, baptisms, funerals and public celebration of Christian festivals. 

5 



St Mary Magdalene's Church, Lillington
Year Ended 31st December 2021
Trustees Annual Report
Also supporh.ng other charib.es and individuals in need, conlribuling lo the spiritual and menlal health of those who
attena. and conlributs'ng lo the spiritsjal education of children.
Truslees. Respon$ibilÉties
The 2011 Charities Act reqLtire the Boarcl of Trustees to prepare financial statements for each financial year which give
a true and fair view of the st*e of the charity as al the end of the financial year and of the $Ufplus or deficit of the
charity. In preparing those financial ststements the Board is required lo:_
. Selecl suitable xcounting policaes and apply them consistentjy.
Make judgments and estimates that are reasonable and prudent.
Prepare finanoal statements on the ongoing concem basis unless it is inappropriate to presume that the trust
will continue In existence.
stale whether applicable accounting standards and statements of recommended practice have been loNowod.
suty'ect to any material departures disclosed and explained in the financial slalements.
The tnjsteeg are responsibje for kee￿ng proper accounts.ng records, which disclose wlh reasonable accuTa¢y at any
lime the financial position of the Charity. They 8re also responsible for safeguarding the assets of the trust and hence
for tsking reasonable steps for the preVent￿n and detection of fraud and other IrregL*larib"es.
Signed on behaW of the Tnjslees............
NameofTruslee.................................RevWilliam Srnith, Cnair
Date".
.8" May 2022

## **St Mary Magdalene's Church, Lillington** 

## **Year Ended 31st December 2021** 

## **Independent Examiners Report** 

I report to the trustees on my examination of the financial statements of St Mary Magdalene's Church, Lillington ('the charity') for the year ended 31 December 2021. 

## **Responsibilities and basis of report** 

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’). 

I report in respect of my examination of the charity's financial statements 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. 

## **Independent examiner's statement** 

I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies. 

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 in respect of the charity as required by section 130 of the Act; or 

2. the financial statements do not accord with those records; or 

3. the financial statements 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. 

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. 


Nigel Wyatt BSC FCA Independent Examiner 125 Main Street Garforth Leeds LS25 1AF 

Date: 16/05/2022 

7 



## **St Mary Magdalene's Church, Lillington** 

## **Year Ended 31st December 2021** 

## **Statement of Financial Activities** 

|**Statement of Financial Activities**||||||
|---|---|---|---|---|---|
||||**2021**||2020|
|||Unrestricted|Restricted|**Total**|Total|
|||Funds|Funds|**Funds**|Funds|
||**Note**|£|£|**£**|£|
|**Income**||||||
|Donations and legacies||122,278|8,841|**131,118**|111,547|
|Charitable activities||12,677|-|**12,677**|7,262|
|Activities for generating income|**2**|2,249|-|**2,249**|1,944|
|Investment Income||10,826|1,125|**11,951**|12,261|
|Other||-|-|**-**|-|
|||──────────|──────────|──────────|──────────|
|**Total Income**||148,030|9,965|**157,995**|133,014|
|||──────────|──────────|──────────|──────────|
|**Expenditure**||||||
|Expenditure on charitable activities|**3**|113,516|8,669|**122,185**|128,582|
|Expenditure on raising funds|**4**|1,946|360|**2,306**|3,597|
|||──────────|──────────|──────────|──────────|
|**Total Expenditure**||115,462|9,029|**124,491**|132,179|
|||──────────|──────────|──────────|──────────|
|||──────────|──────────|──────────|──────────|
|**Net income / (expenditure) before gains/(loses)**||32,568|936|**33,505**|835|
|||──────────|──────────|──────────|──────────|
|Gain/(loss) on investment Portfolio|**11**|-|12,392|**12,392**|5,567|
|Gain/(loss) on investment Property|**10**|34,098|-|**34,098**|23,635|
|||──────────|──────────|──────────|──────────|
|**Net income / (expenditure) before gains/(loses)**||66,666|13,329|**79,995**|30,037|
|||──────────|──────────|──────────|──────────|
|**Net income and net movement in funds**||||||
|Total funds brought forward|**14**|454,184|98,231|**552,416**|522,379|
|Transfers|**14**|-|-|**-**|-|
|||──────────|──────────|──────────|──────────|
|**Total funds carried forward**|**14**|520,851|111,560|**632,410**|552,416|
|||──────────|──────────|──────────|──────────|



All income and expenditure derive from continuing activities. 

8 





Name of Trustee ……………………………Rev William Smith, Chair Signed on behalf of the Trustees………… 

Date:…………………………………………8[th] May 2022 



## **St Mary Magdalene's Church, Lillington** 

## **Year Ended 31st December 2021** 

## **Notes to the Financial Statements** 

## **Basis of Preparation** 

The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities Financial Reporting Standards applicable in the UK and Republic of Ireland (Charities SORP 2019 FRS 102) and the Charities Act 2011. 

## **Assessment of Going Concern** 

Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern. 

## **Fund Accounting** 

Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the trustees, at their discretion, have set aside resources for a specific purpose. 

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or the term of specific appeal, often know as a ‘special offering’ in the church. 

Further explanation of the nature and purpose of each fund is included in the notes to the accounts. 

## **Incoming Resources** 

All incoming resources are recognised once the charity has entitlement to the resources, it is probable that the resources will be received, and the monetary value of incoming resources can be measured with sufficient reliability. 

• All voluntary income from members of the church are recognised as donations and are included in full, with associated Gift Aid receivable in the Statement of Financial Activities. 

• Grants where entitlement is not conditional on the delivery of specific performance by the charity are recognised when the charity becomes unconditionally entitled to the grant. 

• Income resources from charitable trading activities such as the letting of the building are accounted for when invoices are drawn up (as the point of entitlement). 

• Donated services and facilities are included at the value to the charity where this can be quantified. 

• Gifts in Kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. 

• Volunteer time, the value of voluntary support for the work of the church is not included in the accounts but is described in the Trustees annual report. 

- Investment Income is included in the accounts when receivable. 

10 



## **St Mary Magdalene's Church, Lillington** 

## **Year Ended 31st December 2021** 

## **Notes to the Financial Statements** 

## **Resources expended** 

Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty. 

## **Governance Costs** 

Include costs of the preparation and examination of statutory accounts, the costs of the trustees' meetings and cost of any legal advice to trustees on governance or constitutional matters. 

## **Liability Recognition** 

Abilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. 

## **Tangible fixed assets** 

All assets costing more than £500 are capitalised and at historic cost. Fixed assets are stated at cost less accumulated depreciation. Depreciation is charged on furniture and equipment which is written off on a straight-line basis over time estimated useful live of the asset. Land and buildings are not depreciated. 

Buildings 50 years straight line 

## **Pensions** 

The charity operates a defined contribution pension scheme. Contributions are charged to the Statement of Financial Activities as they become payable in accordance with the rules of the scheme. 

## **Operating Leases** 

Rental charges payable under operating leases are charged on a straight line basis over the terms of the lease. 

## **Taxation** 

The charity is exempt from tax on its charitable activities. 

11 



## **St Mary Magdalene's Church, Lillington** 

## **Year Ended 31st December 2021** 

## **Notes to the Financial Statements** 

|**2 **|**Analysis of Income**||||
|---|---|---|---|---|
|||Unrestricted|Restricted|**Total Funds**|
|||Funds|Funds|**2021**|
|||£|£|**£**|
||**Donations and legacies**||||
||Donations|80,387|5,602|**85,989**|
||Gift Aid|17,039|1,239|**18,278**|
||Donated Goods and Services|-|-|**-**|
||Legacies|1,404|-|**1,404**|
||Grants|23,448|2,000|**25,448**|
|||──────────|──────────|<br>──────────|
|||122,278|8,841|**131,118**|
||**Charitable activities**||||
||Wedding and Funeral Fees|12,677|-|**12,677**|
|||──────────|──────────|<br>──────────|
|||12,677|-|**12,677**|
||**Activities for generating income**||||
||Lettings and Room Hire|2,249|-|**2,249**|
|||──────────|──────────|<br>──────────|
|||2,249|-|**2,249**|
||**Investment Income**||||
||Bank and Investment Interest and Dividend Income|26|1,125|**1,151**|
||Rental Income from Investment Property|10,800|-|**10,800**|
|||──────────|──────────|<br>──────────|
|||10,826|1,125|**11,951**|
||**Other**||||
||Other Income|-|-|**-**|
|||──────────|──────────|<br>──────────|
|||-|-|**-**|
|||──────────|──────────|<br>──────────|
||**Total Income**|**148,030**|**9,965**|**157,995**|
|||──────────|──────────|<br>──────────|



12 



## **St Mary Magdalene's Church, Lillington** 

## **Year Ended 31st December 2021** 

## **Notes to the Financial Statements** 

|**2 **|**Analysis of Income****_(Continued)_**||||
|---|---|---|---|---|
|||Unrestricted|Restricted|**Total Funds**|
|||Funds|Funds|**2020**|
|||£|£|**£**|
||**Donations and legacies**||||
||Donations|73,140|3,796|**76,936**|
||Gift Aid|15,118|496|**15,614**|
||Donated Goods and Services|-|-|**-**|
||Legacies|1,356|-|**1,356**|
||Grants|16,392|1,250|**17,642**|
|||──────────|──────────|<br>──────────|
|||106,006|5,542|**111,547**|
||**Charitable activities**||||
||Wedding and Funeral Fees|7,262|-|**7,262**|
|||──────────|──────────|<br>──────────|
|||7,262|-|**7,262**|
||**Activities for generating income**||||
||Lettings and Room Hire|1,944|-|**1,944**|
||Church Publication Sales|-|-|**-**|
|||──────────|──────────|<br>──────────|
|||1,944|-|**1,944**|
||**Investment Income**||||
||Bank and Investment Interest and Dividend Income|240|1,086|**1,326**|
||Rental Income from Investment Property|10,935|-|**10,935**|
|||──────────|──────────|<br>──────────|
|||11,175|1,086|**12,261**|
||**Other**||||
||Other Income|-|-|**-**|
|||──────────|──────────|<br>──────────|
|||-|-|**-**|
|||──────────|──────────|<br>──────────|
||**Total Income**|**126,386**|**6,628**|**133,014**|
|||──────────|──────────|<br>──────────|



13 



## **St Mary Magdalene's Church, Lillington** 

## **Year Ended 31st December 2021** 

## **Notes to the Financial Statements** 

## **3 Expenditure on charitable activities by fund type** 

||Unrestricted|Restricted|**Total Funds**|
|---|---|---|---|
||Funds|Funds|**2021**|
||£|£|**£**|
|Administration Costs|17,400|-|**17,400**|
|Building and Maintenance Costs|10,246|-|**10,246**|
|Church and Mission Activities|5,559|4,293|**9,852**|
|Communication Costs|235|-|**235**|
|Gifts Given To Charity|3,419|4,376|**7,795**|
|Parish Share|61,760|-|**61,760**|
|Staff Related Costs|-|-|**-**|
|Staff Salaries|14,898|-|**14,898**|
||──────────|──────────|<br>──────────|
||113,516|8,669|**122,185**|
||──────────|──────────|<br>──────────|
||Unrestricted|Restricted|**Total Funds**|
||Funds|Funds|**2020**|
||£|£|**£**|
|Administration Costs|15,764|-|**15,764**|
|Building and Maintenance Costs|8,551|9,152|**17,702**|
|Church and Mission Activities|5,986|7,718|**13,704**|
|Communication Costs|16|-|**16**|
|Gifts Given To Charity|4,708|-|**4,708**|
|Parish Share|62,000|-|**62,000**|
|Staff Related Costs|-|-|**-**|
|Staff Salaries|14,687|-|**14,687**|
||──────────|──────────|<br>──────────|
||111,713|16,870|**128,582**|
||──────────|──────────|<br>──────────|



## **Parish Share** 

St Mary Magdalene Church is a parish church of the Church of England in the Diocese of Coventry. By means of Parish Share the Diocese helps the funding of ministers, particularly parochial clergy, the work of various Diocesan bodies and work of the Church of England as a whole. The Diocese is a community resourcing a common task, and not a charity trying to raise funds to meet a need. In 2021, the amount paid by the PCC under the parish share was £61,760 (2020: £62,000). 

14 



## **St Mary Magdalene's Church, Lillington** 

## **Year Ended 31st December 2021** 

## **Notes to the Financial Statements** 

## **4 Expenditure on raising funds** 

|**Expenditure on raising funds**||||
|---|---|---|---|
||Unrestricted|Restricted|**Total Funds**|
||Funds|Funds|**2021**|
||£|£|**£**|
|Investment Property Maintenance|1,881|-|**1,881**|
|Funding Raising|65|360|**425**|
||──────────|──────────|<br>──────────|
||1,946|360|**2,306**|
||──────────|──────────|<br>──────────|
||Unrestricted|Restricted|**Total Funds**|
||Funds|Funds|**2020**|
||£|£|**£**|
|Investment Property Maintenance|3,597|-|**3,597**|
|Funding Raising|-|-|**-**|
||──────────|──────────|<br>──────────|
||3,597|-|**3,597**|
||──────────|──────────|<br>──────────|



## **5 Volunteers** 

The church benefits greatly from the voluntary contributions of time and money by its formal members and regular attendees. Please refer to the trustee's report for further detail about volunteer contributions in the organisation. 

## **6 Independent examination fees** 

Fees payable to the independent examiner for: 

|**Independent examination fees**<br>Fees payable to the independent examiner for:|||
|---|---|---|
||**2021**|2020|
||**£**<br>|£|
|Independent examination and preparation of the financial<br>statements|1,080|-|



15 



## **St Mary Magdalene's Church, Lillington** 

## **Year Ended 31st December 2021** 

## **Notes to the Financial Statements** 

## **7 Staff costs** 

The total staff costs and employee benefits for the reporting period are analysed as follows: 

||**2021**|2020|
|---|---|---|
||**£**|**£**|
|Wages and salaries|14,461|14,256|
|Social security costs|-|-|
|Employer contributions to pension plans|437|431|
||──────────|──────────|
||14,898|14,687|
||──────────|──────────|
|The average head count of employees during the year was as follows:|||
||**2021**|2020|
|Average Head Count|2|2|



Number of employees that received employee benefits of more than £60,000 during the year was as follows: 

||**2021**|2020|
|---|---|---|
|More than £60,000|0|0|



## **8 Trustee remuneration, expenses and donations** 

During the year, 9 trustees incurred out of pocked expenses totalling £7,077 which were all incurred for the day to day running of the charity's activities. The types of expenditure include travel costs, ministry costs, building expenses and other charitable activity expenditure. 

During the year the total aggregated donations made to the charity by the trustee's during the year was £13,573. 

16 



## **St Mary Magdalene's Church, Lillington** 

## **Year Ended 31st December 2021** 

## **Notes to the Financial Statements** 

## **9 Tangible Fixed Assets** 

|**Tangible Fixed Assets**||||
|---|---|---|---|
||Land and|||
||Buildings|Equipment|**Total**|
||£|£|**£**|
|Cost as at 1st January 2021|82,000|-|**82,000**|
|Additions|-|-|**-**|
||──────────|──────────|──────────|
|Cost as at 31st December 2021|**82,000**|**-**|**82,000**|
||──────────|──────────|──────────|
|Depreciation as at 1st January 2021|52,480|-|**52,480**|
|Depreciation Charge|1,640|-|**1,640**|
||──────────|──────────|──────────|
|Depreciation as at 31st December 2021|54,120|-|**54,120**|
||──────────|──────────|──────────|
||──────────|──────────|──────────|
|Net Book Value as at 31st December 2021|**27,880**|**-**|**27,880**|
||──────────|──────────|──────────|
|Net Book Value as at 31st December 2020|29,520|-|29,520|



The land and buildings held by the church compromise of: Octagon (Church Hall) built in 1987 costing £82,000 and depreciated over 50 years. 

## **10 Investment Property** 

||**Total**|
|---|---|
|**Valuation**|**£**|
|At 1 January 2021|364,368|
|Unrealised gain / (loss)|34,098|
||──────────|
|At 31 December 2021|**398,466**|



The 34 Lime Avenue property was last professionally valued in 2016 by Newmans Estate Agents at a market value of £305,000. In the years subsequent to this the value of the property was revalued by using the Nationalwide House Price index. 

17 



## **St Mary Magdalene's Church, Lillington** 

## **Year Ended 31st December 2021** 

## **Notes to the Financial Statements** 

## **11 Investments held as fixed assets** 

|||**2021**|2020|
|---|---|---|---|
|||**£**|£|
||Investment portfolio valuation|98,575|86,183|
|||──────────|──────────|
|||98,575|86,183|
|||──────────|──────────|
|||**2021**|2020|
|||**£**|£|
||Market value brought forward|86,183|80,616|
||Sales|-|-|
||Unrealised gain / (loss)|12,392|5,567|
|||──────────|──────────|
||Market value carried forward|98,575|86,183|
|||──────────|──────────|
|**12 **|**Debtors**|||
|||**2021**|2020|
|||**£**|£|
||Accounts Receivable|4,151|16,674|
||Prepayments|175|160|
|||──────────|──────────|
|||4,326|16,834|
|||──────────|──────────|
|**13 **|**Creditors: amounts falling due within one year**|||
|||**2021**|2020|
|||**£**|£|
||Accruals|1,080|-|
||Trade Creditors|2,333|2,597|
|||──────────|──────────|
|||3,413|2,597|
|||──────────|──────────|



18 



## **St Mary Magdalene's Church, Lillington** 

## **Year Ended 31st December 2021** 

## **Notes to the Financial Statements** 

## **14 Analysis of Charitable Funds** 

|**Analysis of Charitable**|**Funds**||||||
|---|---|---|---|---|---|---|
||1 Jan 2021|Income|Expenditure|Gains/Loses|Transfers **31 Dec 2021**||
||£|£|£|£|£|**£**|
|**Unrestricted Funds**|||||||
|**Unrestricted**|||||||
|General|26,958|124,335|(112,231)|-|-|**39,061**|
||──────────|──────────|<br>──────────|<br>──────────|──────────|──────────|
|**Designated**|||||||
|Land & Freehold|||||||
|Buildings|393,888|-|(1,640)|34,098|-|**426,346**|
|34 Lime Avenue Fund|150|-|(150)|-|-|**-**|
|Charles Wilson Fund|2,169|-|(1,300)|-|-|**869**|
|Beryl Redwood Fund|21,607|-|-|-|-|**21,607**|
|Warwick DC COVID<br>Grants Fund|9,000|22,169|-|-|-|**31,169**|
|COVID Emergency<br>Response Fund|412|1,526|(140)|-|-|**1,798**|
||──────────|──────────|<br>──────────|<br>──────────|──────────|──────────|
|**Total Unrestricted**|**454,184**|**148,030**|**(115,462)**|**34,098**|**-**|**520,851**|
||──────────|──────────|<br>──────────|<br>──────────|──────────|──────────|
|**Restricted Funds**|||||||
|Love Lillington Fund|-|5,455|(5,455)|-|-|**-**|
|Fabric Fund (EC Burt<br>Legacy)|52,419|-|-|6,944|-|**59,363**|
|Bell Rope Fund (HC<br>Burt Bequest)|11,000|168|-|832|-|**12,000**|
|Organ Fund|2,043|164|(709)|-|-|**1,498**|
|Church Roof Fund|-|-|-|-|-|**-**|
|Servers' Albs Fund|34|-|-|-|-|**34**|
|Youth Work Fund|244|-|-|-|-|**244**|
|Choristers' Fund|22|-|-|-|-|**22**|
|Churchyard Fund<br>(Hornsby Bequest)|26,234|752|-|3,719|-|**30,705**|
|Cumberland Income<br>Fund|-|23|(23)|-|-|**-**|
|Restricted Gifts|-|3,222|(2,842)|-|-|**380**|
|Churchyard|||||||
|Maintenance|6,236|181|-|897|-|**7,314**|
|(Hippisley Bequest)|||||||
||──────────|──────────|<br>──────────|<br>──────────|──────────|──────────|
|**Total**|**98,231**|**9,965**|**(9,029)**|**12,392**|**-**|**111,560**|
||──────────|──────────|<br>──────────|<br>──────────|──────────|──────────|
|**Total Funds**|||||||
||──────────|──────────|<br>──────────|<br>──────────|──────────|──────────|
|**Total**|**552,416**|**157,995**|**(124,491)**|**46,490**|**-**|**632,410**|
||──────────|──────────|<br>──────────|<br>──────────|──────────|──────────|



19 



## **St Mary Magdalene's Church, Lillington** 

## **Year Ended 31st December 2021** 

## **Notes to the Financial Statements** 

## **Designated Funds** 

Land & Freehold Buildings 34 Lime Avenue Fund 

Charles Wilson Fund 

Warwick DC COVID Grants Fund 

Fund that holds the value of the freehold land and buildings. N/A as below £1000, but this was money for the repair and maintenance of the church's investment property. 

Gift from a benefactor originally for the repair of the roof. Following approval from original benefactor, Now roof work complete used for specific projects. 

Income received from Warwick DC COVID Response (without any specific restrictions). 

## **Restricted Funds** 

Love Lillington Fund 

Fabric Fund (EC Burt Legacy) Bell Rope Fund (HC Burt Bequest) Organ Fund Church Roof Fund Servers' Albs Fund Youth Work Fund Choristers' Fund Churchyard Fund (Hornsby Bequest) Cumberland Income Fund Restricted Gifts Churchyard Maintenance (Hippisley Bequest) 

For support and care of members of the local community typically by providing one-off items or project materials. 

Intended for maintenance of church fabric. 

Intended for maintenance of bell ropes. 

Intended for maintenance of the church organ. Intended for maintenance of the church roof. Temporary fund for servers albs. 

Temporary fund set up from a bequest specifically for youth work. Temporary fund set up from a bequest specifically for choristers. Fund for the maintenance of the churchyard and graveyard. 

Fund for the maintenance of the churchyard. Used for the receipt of funds for specific appeals. Fund for the double grave and the residue for the churchyard. 

20 



## **St Mary Magdalene's Church, Lillington** 

## **Year Ended 31st December 2021** 

## **Notes to the Financial Statements** 

## **15 Analysis of net assets between funds** 

||Unrestricted|Restricted|<br>**Total Funds**|
|---|---|---|---|
||Funds|Funds|**2021**|
||£|£|**£**|
|Fixed Assets|426,346|98,575|**524,921**|
|Current Assets|97,918|12,985|**110,902**|
|Creditors less than 1 year|(3,413)|-|**(3,413)**|
||──────────|──────────|<br>──────────|
||520,851|111,560|**632,410**|
||──────────|──────────|<br>──────────|
||Unrestricted|Restricted|<br>Total Funds|
||Funds|Funds|2020|
||£|£|£|
|Fixed Assets|393,888|86,183|480,071|
|Current Assets|62,894|12,048|74,942|
|Creditors less than 1 year|(2,597)|-|(2,597)|
||──────────|──────────|<br>──────────|
||454,184|98,231|552,416|
||──────────|──────────|<br>──────────|



## **16 Consecrated land and buildings and other church property** 

The PCC has the use of the church property which is excluded from the accounts by virtue of s.10(2) of the Charities Act 2011. Movable church furnishings held by the Vicar and Churchwardens on special trust for the PCC and which require a faculty for disposal are capitalised where appropriate and allocated to the appropriate fixed asset category. The church halls and certain clergy accommodation are held in trust by the Coventry Diocesan on behalf of the PCC. These properties are essential for the mission of the church and have been in use for many years. Accordingly, they have not been capitalised as there is insufficient cost information and their depreciated cost is unlikely to be material. All expenditure on consecrated or benefice buildings is written off in the year of expenditure. 

## **17 Related party transactions** 

During the year related party transactions took place with Machen and Pershouse Charity (charity number 260700). Machen and Pershouse Charity is a related party due to Sam Meacock and Rev William Smith being mutual trustees. During the year St Mary's Magdalene's Church donated £1,533.85 to Machen and Pershouse Charity which was also a creditor at the year end. 

A historic relationship exists between the church and Machen Pershouse Charity. 

21