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2023-12-31-accounts

REPORT
Trustees Annual Report 2
FINANCIAL STATEMENTS
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Financial Statements 10
Independent Examiner’s Report 20

Actual Budget Budget
2023 2023 2024
£'000 £’000 £’000
Income
Donations 142 145 141
Other income 25 13 29
167 158 170
Expenditure
Staff costs (including quota
share for vicar)
(91) (102) (96)
Worship (3) (5) (5)
Community activities (9) (3) (9)
Resources (building and
administration)
(43) (43) (43)
Outreach (0) (0) (0)
Donations (15) (17) (17)
(161) (171) (170)
Surplus on expenditure for the 6 (12) 0
year

==> picture [167 x 26] intentionally omitted <==

Total Total
Note Unrestricted
funds
Restricted
funds
funds
2023
funds
2022
£ £ £ £
Income and Endowments from:
Donations and legacies 2 141,986 2,863 144,848 138,794
Fundraising Income 3 3,014
Investments 4 565 565 149
Charitable Activities 5 24,305 24,305 25,881
Total income and endowments 166,855 2,863 169,717 167,838
Expenditure on:
Charitable activities expenses 6-10 160,899 18,817 179,715 1 70,534
Total expenditure 160,899 18,817 179,715 1 70,534
Net income/(expenditure) 5,956 (15,954) (9,998) (2,696)
Total funds brought forward 208,205 570,948 779,153 781,849
Total funds carried forward 214,161 554,994 769,155 779,153
Note
2023 2022
£ £ £ £
Fixed assets
Tangible assets 12 543,870 555,973
Current assets
Debtors 13 22,439 62,666
Cash at bank and in hand 14 209,970 168,754
232,410 231,419
Creditors: amounts falling due within
one year
15 (7,126) (8,240)
Net Current Assets 225,284 223,180
Net Assets 769,155 779,153
Charity Funds
Unrestricted funds 16
General fund 136,998 131,042
Designated funds 77,163 77,163
Restricted funds 16 554,994 570,948
Total Funds 769,155 779,153

2. Income from Donations and Legacies
Unrestricted Restricted Total Total
funds funds 2023 2022
£ £ £ £
Tax efficient planned giving 106,258 250 106,508 102,031
Other planned giving 12,066 12,066 15,367
Collections at services 2,446 800 3,246 1,877
Tax recoverable through Gift Aid 21,216 63 21,279 19,520
Grant Income 1,750 1,750 0
Total donations and legacies 141,986 2,863 144,848 138,794
3. Fundraising Income
Unrestricted Restricted Total Total
funds funds 2023 2022
£ £ £ £
Special appeal - Building fund 2,580
Specific fundraising events and activities 434
3,014
. Investment Income
Unrestricted Restricted Total Total
funds funds 2023 2022
£ £ £ £
Interest receivable 565 565 149
. Income from Charitable Activities
Unrestricted Restricted Total Total
funds funds 2023 2022
£ £ £ £
Wedding and similar fees 345 345 1089
Rental income 23,960 23,960 24,792
Other
24,305 24,305 25,881
Total incoming resources 166,855 2,863 169,717 167,838

Staff Costs Other costs Total Total
2023 2023 2023 2022
£ £ £ £
Church Activities 9,939 168,216 178,155 169,064
Governance - independent examiners' fees 1,560 1,560 1,470
9,939 169,776 179,715 170,534

Summary of expenditure by fund type
Unrestricted Restricted Total Total
funds funds funds funds
2023 2023 2023 2022
£ £ £ £
Church activities (as analysed in notes 8 -10) 159,339 18,817 178,155 169,064
8. Analysis of Resources expended by activities
Activities
undertaken Support
directly Costs Total Total
2023 2023 2023 2022
£ £ £ £
Church Activities 118,846 59,309 178,155 169,064

Direct
Costs Total Total
2023 2023 2022
£ £ £
Parish Share 76,235 76,235 75,380
Children and Families Pastor 8,289
Other staff costs 9,939 9,939 9,179
Vicars expenses 4,594 4,594 3,943
Worship 2,509 2,509 2,938
Outreach 1,855 1,855 (424)
Youth and community activities 8,231 8,231 1,822
Gifts 82 82 222
Mission giving
Home
St Albans Schools Worker (STEP) 650 650 650
The Living Room 500 500 500
267 Project 750 750 750
Donations through GMAG
Mission work of M & S Browne 4,000 4,000 4,000
Mission work of D & A Roche
Mission work of S Young 2,500 2,500 2,500
Mission work of R Howson 2,500 2,500 2,500
Mission work of S Boyce 2,000
Mission work of Homes of Promise 4,000 4,000
Gift to CC Project
Gift to Mission Partner 500 500 2,434
Gift to Mission Associate
Short term mission 2,000
Other
118,846 118,846 118,684
Overhead costs in support of direct church activities
10.
Support
Costs Total Total
2023 2023 2022
£ £ £
Buildings and grounds 19,817 19,817 16,185
Utilities 8,915 8,915 6,304
Administration 9,088 9,088 6,287
Insurance 1,307 1,307 1,214
Catering 1,343 1,343 1,134
Depreciation 18,839 18,839 19,256
59,309 59,309 50,380

Staff Costs
11.
Total Total
2023 2022
£ £
Wages and salaries 9,511 16,326
Social security costs
Pension costs 428 819
9,939 17,144
Fixed Assets - Tangible
12.
Assets
Leasehold land Improvements, Other Total
and buildings Furniture and equipment
Fittings
£ £ £ £
Asset cost
Balance brought forward 701,795 75,289 67,396 844,481
Additions 6,736 6,736
Disposals (12,682) (12,682)
Balance carried forward 689,113 75,289 74,133 838,535
Accumulated depreciation
Balance brought forward (166,621) (60,481) (61,405) (288,508)
Charge for the year (13,782) (2,507) (2,550) (18,839)
Disposals 12,682 12,682
Balance carried forward (167,722) (62,988) (63,955) (294,665)
Net Book Value
Brought forward 535,174 14,808 5,991 555,973
Carried forward 521,392 12,301 10,178 543,870

13. Debtors
Total Total
2023 2022
£ £
Debtors and prepayments 6,425 29,391
Gift aid owed by HMRC 16,014 33,275
Total
22,439 62,666
14. Cash at bank and in hand
Total Total
2023 2022
£ £
The CBF Church of England Deposit Fund 9,081 8,799
Bank accounts and cash
200,890 159,955
Total
209,970 168,754
15. Creditors: amounts falling due within one year
Total Total
2023 2022
£ £
Creditors and accruals
7,126 8,240
Total
7,126 8,240

Brought
Forward
Income Expenditure Transfers
between
funds
Carried
Fonvard
£ £ £ £ £
Designated funds
House fund
Maintenance fund 10,000 10,000
Bequest fund 21,163 21,163
Building fund (designated) 46,000 46,000
77,163 77,163
Genera! fund
General 131,042 166,855 (160,899) 136,998
Total Unrestricted funds 208,205 166,855 (160,899) 214,161
Restricted funds
Building fund 1 7,473 17,473
Capital depreciation fund 550,741 (16,479) 534,262
Hardship fund 2,656 313 (700) 2,269
Missionary fund
Council grant fund 77 2,550 (1,637) 990
570,948 2,863 (18,817) 554,994
Total of funds 779,153 169,717 (179,715) 769,1 55

Summary of funds
17.
Brought
Forward
Income Expenditure Transfers
between
funds
Carried
Forward
£ £ £ £ £
Designated funds 77,163 77,163
General fund 131,042 166,855 (160,899) 136,998
208,205 166,855 (160,899) 214,161
Restricted funds 570,948 2,863 (18,817) 554,994
779,153 169,717 (179,715) 769,155
Analysis of net assets between funds
18.
Unrestricted Unrestricted Restricted Total Total
General Designated 2023 2022
£ £ £ £ £
Fixed assets 9,609 534,262 543,870 555,973
Current Assets 132,601 77,163 22,646 232,410 231,419
Creditors and accruals (5,212) (1,914) (7,126) (8,240)
136,998 77,163 554,994 769,155 779,153

==> picture [52 x 9] intentionally omitted <==

Unrestricted Restricted Total funds
Note funds funds 2022
£ £ £
Income and Endowments from:
Donations and legacies 2 135,850 2,944 138,794
Fundraising Income 3 3,014 3,014
Investments 4 149 149
Charitable Activities 5 25,881 25,881
Total income and endowments 161,880 5,958 167,838
Expenditure on:
Charitable activities expenses 6-10 152,560 17,974 170,534
Total expenditure 152,560 17,974 170,534
Net income/(expenditure) 9,320 (12,016) (2,696)
Total funds brought forward 198,885 582,964 781,849
Total funds carried forward 208,205 570,948 779,153

REPORT
Trustees Annual Report 2
FINANCIAL STATEMENTS
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Financial Statements 10
Independent Examiner’s Report 20

Actual Budget Budget
2023 2023 2024
£’000 £’000 £'000
Income
Donations 142 145 141
Other income 25 13 29
167 158 170
Expenditure
Staff costs (including quota
share for vicar)
(91) (102) (96)
Worship (3) (5) (5)
Community activities (9) (3) (9)
Resources (building and
administration)
(43) (43) (43)
Outreach (0) (0) (0)
Donations (15) (17) (17)
(161) (171) (170)
Surplus on expenditure for the 6 (12) 0
year

Total Total
Note Unrestricted Restricted funds funds
funds funds 2023 2022
£ £ £ £
Income and Endowments from:
Donations and legacies 2 141,986 2,863 144,848 138,794
Fundraising Income 3 3,014
Investments 4 565 565 149
Charitable Activities 5 24,305 24,305 25,881
Total income and endowments 166,855 2,863 169,717 167,838
Expenditure on:
Charitable activities expenses 6-10 160,899 18,817 179,715 170,534
Total expenditure 160,899 18,817 179,715 170,534
Net income/(expenditure) 5,956 (15,954) (9,998) (2,696)
Total funds brought forward 208,205 570,948 779,153 781,849
Total funds carried forward 214,161 554,994 769,155 779,153

Note
2023 2022
£ £ £ £
Fixed assets
Tangible assets 12 543,870 555,973
Current assets
Debtors 13 22,439 62,666
Cash at bank and in hand 14 209,970 168,754
232,410 231,419
Creditors: amounts falling due within
one year
15 (7,126) (8,240)
Net Current Assets 225,284 223,180
Net Assets 769,155 779,153
Charity Funds
Unrestricted funds 16
General fund 136,998 131,042
Designated funds 77,163 77,163
Restricted funds 16 554,994 570,948
Total Funds 769,155 779,153
Approved by the Parochial Church Council _~l_ A-p.Q 2024 and signed on its behalf by:
The Reverend Jeremy Follett (Chair) Paul Collis (Treasurer)

2. Income from Donations and Legacies
Unrestricted Restricted Total Total
funds funds 2023 2022
£ £ £ £
Tax efficient planned giving 106,258 250 106,508 102,031
Other planned giving 12,066 12,066 15,367
Collections at services 2,446 800 3,246 1,877
Tax recoverable through Gift Aid 21,216 63 21,279 19,520
Grant Income 1,750 1,750 0
Total donations and legacies 141,986 2,863 144,848 138,794
3. Fundraising Income
Unrestricted Restricted Total Total
funds funds 2023 2022
£ £ £ £
Special appeal - Building fund 2,580
Specific fundraising events and activities 434
3,014
4. Investment Income
Unrestricted Restricted Total Total
funds funds 2023 2022
£ £ £ £
Interest receivable 565 565 149
5. Income from Charitable Activities
Unrestricted Restricted Total Total
funds funds 2023 2022
£ £ £ £
Wedding and similar fees 345 345 1089
Rental income 23,960 23,960 24,792
Other
24,305 24,305 25,881
Total incoming resources 166,855 2,863 169,717 167,838

Staff Costs Other costs Total Total
2023 2023 2023 2022
£ £ £ £
Church Activities 9,939 168,216 178,155 169,064
Governance - independent examiners' fees 1,560 1,560 1,470
9,939 169,776 179,715 170,534
Unrestricted Restricted Total Total
funds funds funds funds
2023 2023 2023 2022
£ £ £ £
Church activities (as analysed in notes 8-10) 159,339 18,817 178,155 169,064
8. Analysis of Resources expended by activities
Activities
undertaken Support
directly Costs Total Total
2023 2023 2023 2022
£ £ £ £
Church Activities 118,846 59,309 178,155 169,064

Direct
Costs Total Total
2023 2023 2022
£ £ £
Parish Share 76,235 76,235 75,380
Children and Families Pastor 8,289
Other staff costs 9,939 9,939 9,179
Vicars expenses 4,594 4,594 3,943
Worship 2,509 2,509 2,938
Outreach 1,855 1,855 (424)
Youth and community activities 8,231 8,231 1,822
Gifts 82 82 222
Mission giving
Home
St Albans Schools Worker (STEP) 650 650 650
The Living Room 500 500 500
267 Project 750 750 750
Donations through GMAC
Mission work of M & S Browne 4,000 4,000 4,000
Mission work of D & A Roche
Mission work of S Young 2,500 2,500 2,500
Mission work of R Howson 2,500 2,500 2,500
Mission work of S Boyce 2,000
Mission work of Homes of Promise 4,000 4,000
Gift to CC Project
Gift to Mission Partner 500 500 2,434
Gift to Mission Associate
Short term mission 2,000
Other
118,846 118,846 118,684
Overhead costs in support of direct church activities
10.
Support
Costs Total Total
2023 2023 2022
£ £ £
Buildings and grounds 19,817 19,817 16,185
Utilities 8,915 8,91 5 6,304
Administration 9,088 9,088 6,287
Insurance 1,307 1,307 1,214
Catering 1,343 1,343 1,134
Depreciation 18,839 18,839 19,256
59,309 59,309 50,380

Staff Costs
I.
Total Total
2023 2022
£ £
Wages and salaries 9,511 16,326
Social security costs
Pension costs 428 819
9,939 17,144
Fixed Assets - Tangible
12.
Assets
Leasehold land Improvements, Other Total
and buildings Furniture and equipment
Fittings
£ £ £ £
Asset cost
Balance brought forward 701,795 75,289 67,396 844,481
Additions 6,736 6,736
Disposals (12,682) (12,682)
Balance carried forward 689,113 75,289 74,133 838,535
Accumulated depreciation
Balance brought forward (166,621) (60,481) (61,405) (288,508)
Charge for the year (13,782) (2,507) (2,550) (18,839)
Disposals 12,682 12,682
Balance carried forward (167,722) (62,988) (63,955) (294,665)
Net Book Value
Brought forward 535,1 74 14,808 5,991 555,973
Carried forward 521,392 12,301 10,178 543,870

13. Debtors
Total Total
2023 2022
£ £
Debtors and prepayments 6,425 29,39!
Gift aid owed by HMRC 16,014 33,275
Total 22,439 62,666
14. Cash at bank and in hand
Total Total
2023 2022
£ /
The CBF Church of England Deposit Fund 9,081 8,799
Bank accounts and cash 200,890 159,955
Total 209,970 168,754
15.
Creditors: amounts falling due within one year
Total Total
2023 2022
£ £
Creditors and accruals 7,126 8,240
Total 7,126 8,240

Brought
Forward
Income Expenditure Transfers
between
funds
Carried
Forward
£ £ £ £ £
Designated funds
House fund
Maintenance fund 10,000 10,000
Bequest fund 21,163 21,163
Building fund (designated) 46,000 46,000
77,163 77,163
Genera! fund
General 131,042 166,855 (160,899) 136,998
Total Unrestricted funds 208,205 166,855 (160,899) 214,161
Restricted funds
Building fund 1 7,473 17,473
Capital depreciation fund 550,741 (16,479) 534,262
Hardship fund 2,656 313 (700) 2,269
Missionary fund
Council grant fund 77 2,550 (1,637) 990
570,948 2,863 (18,817) 554,994
Total of funds 779,153 169,717 (179,715) 769,1 55
Summary of funds
17.
Brought
Forward
Income Expenditure Transfers
between
funds
Carried
Forward
£ £ £ £ £
Designated funds 77,163 77,163
Genera! fund 131,042 166,855 (160,899) 136,998
208,205 166,855 (160,899) 214,161
Restricted funds 570,948 2,863 (18,817) 554,994
779,153 169,717 (179,715) 769,155
Analysis of net assets between funds
18.
Unrestricted Unrestricted Restricted Total Total
General Designated 2023 2022
£ £ £ £ £
Fixed assets 9,609 534,262 543,870 555,973
Current Assets 132,601 77,163 22,646 232,410 231,419
Creditors and accruals (5,212) (1,914) (7,126) (8,240)
136,998 77,163 554,994 769,1 55 779,1 53

==> picture [52 x 9] intentionally omitted <==

For the year ended 31 st December 2023
20. Prior year Statement of Financial Activities
Unrestricted Restricted Total funds
Note funds funds 2022
£ £ £
Income and Endowments from:
Donations and legacies 2 135,850 2,944 138,794
Fundraising Income 3 3,014 3,014
Investments 4 149 149
Charitable Activities 5 25,881 25,881
Total income and endowments 161,880 5,958 167,838
Expenditure on:
Charitable activities expenses 6-10 152,560 17,974 170,534
Total expenditure 152,560 17,974 170,534
Net income/(expenditure) 9,320 (12,016) (2,696)
Total funds brought forward 198,885 582,964 781,849
Total funds carried forward 208,205 570,948 779,153