## St Wilfrid’s Church - Wilford Parish
## Annual Finance Report 2023 (APCM 2024)
The Finance Team are responsible for the good stewardship of church finances in partnership with the Parochial Church Council (PCC). Together we acknowledge with gratitude the gifts entrusted to our stewardship and seek to use those gifts to further God’s purpose in Wilford, the local community, and the world. The following information demonstrates how St Wilfrid’s Church serves the local community and public benefit.
At the end of each year the Finance Group meet and set budgets based on a forecast of current income and expenditure with consideration for trends over the previous three to five years. We also consider known and potential changes in the year ahead. It is customary to revise the budget early in the new year and for it to be presented to, and authorised by, the PCC.
The accounts presented here have been independently examined by our accountant, Andrew Pearson.
At the end of 2022 the finance group, with support of the PCC, set a budget for the year that recognised the increased giving towards the end of 2022 and the ambitious mission activity anticipated for 2023. It was a balanced budget but relied on a continued increase in giving to meet the missional demands.
The Trustees decided on a new range of missional activities, such as Alpha Courses, Comms and Creativity and ‘Tables’ (A version of Home Groups). Reserves were put aside for new music equipment and replacing the gutters. The new tech equipment, music equipment and children’s facilities will be assets held on behalf of the church moving forward.
To fund the increased spending, we budgeted for congregational giving to increase to £85,250 with anticipated gifts of £6000 and gift aid of £18,000. Congregational giving had been on the rise through 2022 thanks to the dynamic leadership of George and his team, and you our generous church family, we therefore set our target high in expectation of a continued increase. Direct giving did increase, to £89,421, gifts to £19758 and gift aid was £31,123 (although £14,700 of that was actually relating to gift aid from 2022). All in all, giving was higher than expected and allowed us to pursue the ministry spend we’d hoped for. The year end increase of all income over the expectation was approximately £27,800.
The operating expenditure for 2023 was also set high to accommodate increased ministry spending. The amount of Parish Share allocated by the Deanery was initially £68,794 but, after a discount of £742 was applied, the final amount was £68,052. I am pleased to report we met this in full and in fact paid back most of the discount. The final contribution was £68,768. The other budget lines did not cross over clearly from the old operating system to the new system (Quickbooks), so it is difficult to assess separate budget line spending, but total expenditure was set at £174,421 and finished at £199,612, £25,191 over budget. Early indications are that many budget areas came under budget but more work needs to be done on maintenance and some expenses budgets that form a part of the day to day running and services, as they appear to have gone over.
After adjustments the reserves increased over those at the end of 2022 by about £2648 and we had £41,900 to carry into 2024.
St Wilfrid’s Church - Wilford Parish
## Annual Finance Report 2023 (APCM 2024)
There was one major incident in March 2023, the theft of the church silver, and severe damage to the bell tower door. The insurance covered the broken door and £12,400 for the silver. This money is incorporated into the reserves above, but ringfenced for projects that give back to the community.
The church finances appear healthy, and we are blessed by God’s grace and with the generosity of our church family.
We look forward to even greater growth in 2024 which will allow us to meet new mission objectives and grow God’s kingdom.
Thanks be to God - Amen
## FINANCE GROUP 2023
Members 2023: Peter Brown – Wendy Cranefield – Eddie Mason – Rob Steel - Gary Evans – Paul Wicks – George White - Katie White Giving Secretary – Helen Lander Independent Examiner – Andrew Pearson
## **St Wilfrids Church (Reg No 1132451) Income & Expenditure Account for the year ended 31 December 2023**
|**INCOME**
**Notes**
**Restricted**
**Unrestricted**
**Designated**
**Total**
**Funds**
**Funds**
Charitable Activities
_Church Members_
-
89,421
-
_Activities_
-
2,423
-
_Youth Work_
-
-
-
Grants & Donations
_Gifts & Legacies_
-
19,758
-
_Gift Aid_
-
31,123
-
Hall Income
_Hall ReDevelopment_
-
-
-
_Hall Income_
-
40,803
-
Other Income
_Sundry Income_
-
18,596
12,400
_Investment Income_
-
136
-
**TOTAL INCOME**
**-**
**202,260**
**12,400**
**EXPENSES**
Repairs & Maintenance
_Church Running costs_
-
26,960
-
Youth Work
_Carter Educational Trust_
4,500
3,838
-
Mission Donations
_Other_
-
3,276
-
Church Work & Services
_St Wilfrid's_
-
18,988
-
_Other Activities_
-
1,086
-
Hall Running Costs
_Hall Running Costs_
6,348
21,907
-
_Re Development_
-
11,817
-
Admin & Office Costs
_Salaries & Wages_
-
31,452
-
_Other_
-
11,520
-
Parish Share
-
68,768
-
**TOTAL Expenditure**
**10,848**
**199,612**
**-**
Funds Transfer
-
-
**TOTAL Income - Expenditure**
**(10,848)**
**2,648**
**12,400**
**Opening Reserves**
_3,564_
**_39,252_**
**_-_**
Prior Year Adjustment
**-**
(2,053)
**-**
**Closing Reserves**
**(7,284)**
**41,900**
**12,400**
**St Wilfrid's Church (Reg No 1132451)**
**Account Balances as at 31 December 2023**
**Assets**
**Restricted**
**Unrestricted**
**Designated**
**Funds**
**Funds**
**Funds**
**Capital Endowments**
_(Brewill Forman CH Lands)_
3,564
-
-
**Bank Accounts & Deposits**
Cash & Current Account
_Savings_
100
-
_St Wilfrid's_
-
3,631
12,400
_Church Hall_
-
25,539
**3,564**
**29,270**
**12,400**
**Liabilities**
Accruals
_Payroll_
-
(271)
**Total Assets**
**3,564**
**28,999**
**12,400**
**Reserves**
**Funds**
Restricted
_Carter Educational Trust_
-
-
_J & T Shearman_
-
-
_Brewill Endowment_
3,564
-
Unrestricted
-
-
Designated
-
-
12,400
**Total Reserves**
**3,564**
**28,999**
**12,400**
Trustees
Chairman
Treasurer
Date
04 May 2024|**Rest**|**ricted**
**Unrestricted**
**Designated**
**Total**
**Funds**
**Funds**
-
89,421
-
-
2,423
-
-
-
-
-
19,758
-
-
31,123
-
-
-
-
-
40,803
-
-
18,596
12,400
-
136
-|**£**
_£_
**Total**
_Total_
**2023**
_2022_
89,421
_79,738_
2,423
_4,555_
-
_-_
19,758
_20,738_
31,123
_-_
-
**_75,000_**
40,803
**_30,346_**
30,996
_1,295_
136
_29_|
|---|---|---|---|
|||**-**
**202,260**
**12,400**|**214,660**
**_211,701_**|
||-
26,960
-
4,500
3,838
-
-
3,276
-
-
18,988
-
-
1,086
-
6,348
21,907
-
-
11,817
-
-
31,452
-
-
11,520
-
-
68,768
-||**£**
_£_
26,960
_13,485_
8,338
_-_
3,276
_4,294_
18,988
_13,092_
1,086
_360_
28,255
_16,011_
11,817
_101,945_
31,452
_14,650_
11,520
_5,153_
68,768
_58,680_|
||**10,848**
**199,612**
**-**||_210,460_
_227,670_|
||-
-
**(10,848)**
**2,648**
**12,400**
_3,564_
**_39,252_**
**_-_**
**-**
(2,053)
**-**||-
_-_|
||||**4,200**
_(15,969)_|
||||**42,816**
_58,785_
(2,053)
_-_|
||**(7,284)**
**41,900**
**12,400**||**44,963**
_42,816_|
||||**£**
_£_
**2023**
_2022_
3,564
_3,564_
100
_829_
16,031
_17,548_
25,539
_24,072_|
||||**_45,234_**
**_46,013_**|
||||(271)
_(3,197)_|
||||**44,963**
**_42,816_**|
||||-
4,500
-
6,348
3,564
3,564
-
28,404
12,400|
||||**44,963**
**42,816**|
||||-
Rev George White
Peter Brown|
## **St Wilfrids Church (Reg No 1082849) for the year ended 31 December 2023**
## **Report to the Trustees/Members**
I report to the charity trustees on my examination for the year ended 31 December 2023 which are set out below
## **Respective responsibilities of trustees and examiner**
The charity's trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
The charity’s trustees consider that an audit is not required for this year under section 144 of the Act and that an independent examination is needed.
It is my responsibility to:
- examine the accounts under section 145 of the Charities Act,
- to follow the applicable Directions given by the Charity Commission (under section 145(5)(b) of the Act, and
- to state whether particular matters have come to my attention
## **Basis of independent examiner’s statement**
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below
## **Independent examiner's statement**
In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:
- accounting records were not kept in accordance with section 130 of the Charities Act or
- the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
**Independent Examiner** Date 04 May 2024
Andrew Pearson F.C.M.A. 87 Main Street Newtown Linford Leicestershire LE6 0AF
## **St Wilfrids Church (Reg No 1132451) Income & Expenditure Account for the year ended 31 December 2023**
|**INCOME**
**Notes**
**Restricted**
**Unrestricted**
**Designated**
**Total**
**Funds**
**Funds**
Charitable Activities
_Church Members_
-
89,421
-
_Activities_
-
2,423
-
_Youth Work_
-
-
-
Grants & Donations
_Gifts & Legacies_
-
19,758
-
_Gift Aid_
-
31,123
-
Hall Income
_Hall ReDevelopment_
-
-
-
_Hall Income_
-
40,803
-
Other Income
_Sundry Income_
-
18,596
12,400
_Investment Income_
-
136
-
**TOTAL INCOME**
**-**
**202,260**
**12,400**
**EXPENSES**
Repairs & Maintenance
_Church Running costs_
-
26,960
-
Youth Work
_Carter Educational Trust_
4,500
3,838
-
Mission Donations
_Other_
-
3,276
-
Church Work & Services
_St Wilfrid's_
-
18,988
-
_Other Activities_
-
1,086
-
Hall Running Costs
_Hall Running Costs_
6,348
21,907
-
_Re Development_
-
11,817
-
Admin & Office Costs
_Salaries & Wages_
-
31,452
-
_Other_
-
11,520
-
Parish Share
-
68,768
-
**TOTAL Expenditure**
**10,848**
**199,612**
**-**
Funds Transfer
-
-
**TOTAL Income - Expenditure**
**(10,848)**
**2,648**
**12,400**
**Opening Reserves**
_3,564_
**_39,252_**
**_-_**
Prior Year Adjustment
**-**
(2,053)
**-**
**Closing Reserves**
**(7,284)**
**41,900**
**12,400**
**St Wilfrid's Church (Reg No 1132451)**
**Account Balances as at 31 December 2023**
**Assets**
**Restricted**
**Unrestricted**
**Designated**
**Funds**
**Funds**
**Funds**
**Capital Endowments**
_(Brewill Forman CH Lands)_
3,564
-
-
**Bank Accounts & Deposits**
Cash & Current Account
_Savings_
100
-
_St Wilfrid's_
-
3,631
12,400
_Church Hall_
-
25,539
**3,564**
**29,270**
**12,400**
**Liabilities**
Accruals
_Payroll_
-
(271)
**Total Assets**
**3,564**
**28,999**
**12,400**
**Reserves**
**Funds**
Restricted
_Carter Educational Trust_
-
-
_J & T Shearman_
-
-
_Brewill Endowment_
3,564
-
Unrestricted
-
-
Designated
-
-
12,400
**Total Reserves**
**3,564**
**28,999**
**12,400**
Trustees
Chairman
Treasurer
Date
04 May 2024|**Rest**|**ricted**
**Unrestricted**
**Designated**
**Total**
**Funds**
**Funds**
-
89,421
-
-
2,423
-
-
-
-
-
19,758
-
-
31,123
-
-
-
-
-
40,803
-
-
18,596
12,400
-
136
-|**£**
_£_
**Total**
_Total_
**2023**
_2022_
89,421
_79,738_
2,423
_4,555_
-
_-_
19,758
_20,738_
31,123
_-_
-
**_75,000_**
40,803
**_30,346_**
30,996
_1,295_
136
_29_|
|---|---|---|---|
|||**-**
**202,260**
**12,400**|**214,660**
**_211,701_**|
||-
26,960
-
4,500
3,838
-
-
3,276
-
-
18,988
-
-
1,086
-
6,348
21,907
-
-
11,817
-
-
31,452
-
-
11,520
-
-
68,768
-||**£**
_£_
26,960
_13,485_
8,338
_-_
3,276
_4,294_
18,988
_13,092_
1,086
_360_
28,255
_16,011_
11,817
_101,945_
31,452
_14,650_
11,520
_5,153_
68,768
_58,680_|
||**10,848**
**199,612**
**-**||_210,460_
_227,670_|
||-
-
**(10,848)**
**2,648**
**12,400**
_3,564_
**_39,252_**
**_-_**
**-**
(2,053)
**-**||-
_-_|
||||**4,200**
_(15,969)_|
||||**42,816**
_58,785_
(2,053)
_-_|
||**(7,284)**
**41,900**
**12,400**||**44,963**
_42,816_|
||||**£**
_£_
**2023**
_2022_
3,564
_3,564_
100
_829_
16,031
_17,548_
25,539
_24,072_|
||||**_45,234_**
**_46,013_**|
||||(271)
_(3,197)_|
||||**44,963**
**_42,816_**|
||||-
4,500
-
6,348
3,564
3,564
-
28,404
12,400|
||||**44,963**
**42,816**|
||||-
Rev George White
Peter Brown|
## **St Wilfrids Church (Reg No 1082849) for the year ended 31 December 2023**
## **Report to the Trustees/Members**
I report to the charity trustees on my examination for the year ended 31 December 2023 which are set out below
## **Respective responsibilities of trustees and examiner**
The charity's trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
The charity’s trustees consider that an audit is not required for this year under section 144 of the Act and that an independent examination is needed.
It is my responsibility to:
- examine the accounts under section 145 of the Charities Act,
- to follow the applicable Directions given by the Charity Commission (under section 145(5)(b) of the Act, and
- to state whether particular matters have come to my attention
## **Basis of independent examiner’s statement**
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below
## **Independent examiner's statement**
In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:
- accounting records were not kept in accordance with section 130 of the Charities Act or
- the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
**Independent Examiner** Date 04 May 2024
Andrew Pearson F.C.M.A. 87 Main Street Newtown Linford Leicestershire LE6 0AF