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2022-12-31-accounts

0..REGISTERED CHARITY NUMBER: 1133862

REPORT OF THE TRUSTEES AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 FOR

THE ECCLESIASTICAL PARISH OF IPSLEY

THE ECCLESIASTICAL PARISH OFIPSLEY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022

The Parochial Church Council presents its report and accounts for the year ended 31 December 2022. The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with applicable law and the requirements of the Church Accounting regulations 2011.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1133862

Principal address

lpsley Church Lane Redditch B98 OAJ

Trustees:

Mr B Arrowsmith Mrs A Mortimer
Mrs M Bishop Rev G Nathaniel
Mr N Bishop Mrs J Nathaniel
Mrs P Butler Mrs L Nicholas
Miss V Cole Mrs K Peace
Rev I Evans Mrs V Quarton
Mrs J Evans Mr T Stockwell
Mrs J Garfield Mr A Stokes
Mrs J Harvey Mrs J Street
Mrs M Hughes Mr R Sturdey
Mrs A Humphrey Mr P Williams
Mr B Humphrey Mrs D Wilson
Mrs R Humphrey Mr P Wilson
Mr P McLaren Mrs A Worley
Mr C Melley

THE ECCLESIASTICAL PARISH OFIPSLEY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022

REFERENCE AND ADMINISTRATIVE DETAILS

Independent examiner

Matthew Elmes ACCA ICAEW

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.

The day to day management of the charity is carried out by the members of the PCC, all of whom are also trustees.

Recruitment and appointment of new trustees

Each DCC votes on its members annually at local level when they hold their individual Parish annual general meeting. New trustees are appointed by a majority vote and are given appropriate training to inform them of their duties and liabilities under Company and Charity Law.

Parochial Church Council

The Parish of St Peters lpsley is made up of the churches of St Peters lpsley, St John's Greenlands and Christ Church Matchborough. The parish covers approximately one third of Redditch and includes the areas of Greenlands, lpsley, Matchborough, Winyates and Winyates Green.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

OBJECTIVES AND ACTIVITIES

Objectives and aims

The primary objective of the charity is the promotion in the ecclesiastical parish of the whole mission of the church.

Public benefit

The trustees have complied with their duty to have due regard to the public benefit guidance published by the Charities Commission; the trustees consider that the charity meets the public benefit requirements of the CharitiesAct2011bycarryingoutitsnormalactivities.

FINANCIAL REVIEW

Reserves policy

It is the policy of this Parish to hold in reserves the equivalent of two months' general running costs and three months' salary costs. It is also our policy to hold an amount for essential building works as required, to comply with forthcoming Quinquennial inspections.

In applying these parameters, the individual situations of the three churches within the Parish have been taken into account and agreed at DCC level.

The policy will be reviewed annually as part of the Church year end accounts procedure, agreed by each DCC and consolidated into one Parish policy.

Going Concern

It is the view of the Trustees that the Parish finances are sufficient to continue activities as a going concern for the foreseeable future

THE ECCLESIASTICAL PARISH OFIPSLEY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022

FINANCIAL REVIEW

As shown in the following Accounts Summary, the overall financial position at end of 2022 shows an increase of Total Closing Funds £31K above 2021 level. Thanks must go to DCC Treasurers for managing this improvement in closing funds, in the light of general inflation, particularly utility costs.

We have seen a major benefit in the move from Parish Share to Ministry Share total payments made - £130K in 2021 down to £88K in 2022

Church giving has held up over the year, in comparison with 2021 actual, and individual budget expectations for 2022. We have also gained considerably in cash flow terms, where regular church membership moving to Parish Giving scheme has brought in Gift Aid on a monthly basis rather than quarterly (or longer) claims being submitted to HMRC.

Church Operating Costs have been specifically affected by Gas and Electricity price rises, and general inflation, offset as stated by Ministry Share as noted above. And in response to Diocese, DCC’s were able to assist the Mission Support Fund, which goes towards Parishes facing increase rather than decrease in the move from Parish Share to Ministry Share.

The Community Missioner post fell vacant mid-year (earlier than expected), when S Hewitt moved to a new position at St Stephens in the town centre. This post remains vacant at this time.

Our thanks and appreciation must go to Annette Humphrey, who has stepped down after many years’ service as St Johns Treasurer, now ably replaced by Barry Humphrey.

We have also migrated St Johns accounting system to MyFundAccounting online, which now brings all 3 centres into one accounting package. We are now able to report in summary and detail form at a local level, and as a complete Parish. There are also major advantages in audit terms. At a local level, it is now possible to offer view only access to accounts to PCC/DCC members in any of our 3 churches, enabling greater effectiveness in budgetary and financial targets and reporting.

Neil Bishop Parish Treasurer

THE ECCLESIASTICAL PARISH OFIPSLEY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022

STATEMENT OF TRUSTEES RESPONSIBILITIES

The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

................................................. N R Bishop Parish Treasurer

Date:25 May 2023

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF

THE ECCLESIASTICAL PARISH OF IPSLEY

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required.

It is my responsibility to:

Basis of the independent examiner's report

My examination was carried out in accordance with the 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 you as 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 statements below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

............................................. David Rogers - Examiner

Date :25 May 2023

THE ECCLESISTICAL PARISH OF IPSLEY

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31DECEMBER 2022

INCOMING RESOURCES
Incoming Resources from generated funds
Voluntary Income
Activities for generating funds
Income resources from charitable
activities
Lettings
Fees
Investment income
Miscellaneous
TOTAL INCOMING RESOURCES
RESOURCES EXPENDED
Cost of generating funds
Cost of generating voluntary income
Charitable activities
Donations
Expenses
Parish/Ministry Share
Church running costs
TOTAL RESOURCES EXPENDED
Transfers between Funds
NET INCOMING/(OUTGOING) RESOURCES
TOTAL FUNDS BROUGHT FORWARD
TOTAL FUNDS CARRIED FORWARD		 Notes Unrestricted
Funds
£		 Restricted
Funds
2022
Total
Funds
£
£		 2021
Total
Funds
£
1
2
3		 188,588
31,504
4,403
217
6,392		 11525
200,113
31,504
4,403
217
6,392		 186,833
28,842
2,446
49
3620
231,104 11,525
242,629		 221,790
2,019
4,489
88,300
113,303		 1500
3,519
4,489
88,300
2,014
115,317		 4,084
5,969
130,387
84,963
208,111 3,514
211,625		 225,403
1705
24,698
251,893		 -1705
6,306
31,004
8,147
260,040		 -3,613
263,653
276,591 14,453
291,044		 260,040

`

THE ECCLESISTICAL PARISH OF IPSLEY

BALANCE SHEET AT 31 DECEMBER 2022

FIXED ASSETS
Tangible fixed assets (wdv)
CURRENT ASSETS
Debtors
Cash at Bank and in hand
CREDITORS
Amounts falling due within one year
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS
Amounts falling due after one year
NET ASSETS
FUNDS
Unrestricted
Restricted
TOTAL FUNDS		 Notes 2022 Total
Funds
£		 2022 Total
Funds
£
4
5
6
7
8		 123,666
8,003
177,503		 123,666
6,127
136,056
185,506 142,183
-18,128 -5,809
167,378 136,374
291,044 260,040
291,044 260,040
276,591
14,453		 251,893
8,147
291,044 260,040

The financial statements were approved by the Board of Trustees on 25 May 2023 and were signed

on its behalf by:

.............................................

` N R Bishop Parish Treasurer

THE ECCLESIASTICAL PARISH OF IPSLEY

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2021

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

1. ACCOUNTINGPOLICIES

Accounting convention

These financial statements have been prepared in compliance with FRS 102 Section 1A, the Financial Reporting Standard applicable to the UK and Republic of Ireland, the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.

Incoming resources

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Resources expended

The diocesan parish share is accounted for when paid. Any parish share unpaid at the year end is provided for in these accounts as an operational liability.

Other expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property not provided Plant and machinery 10 -20% on cost

Consecrated and beneficed property of any kind is excluded from the accounts by section 10 of the Charities Act 2011.

Moveable church furnishings held by the Vicar and Churchwardens on special trust for the PCC, and which require a faculty for disposal, are accounted as inalienable property unless consecrated. For inalienable property acquired prior to 2001 there is insufficient cost information available and therefore such assets are not valued in the accounts.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

`

THE ECCLESIASTICAL PARISH OF IPSLEY

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2021

1. ACTIVITIES FOR GENERATING FUNDS

1.
ACTIVITIES FOR GENERATING FUNDS
There were no reported expenses under this heading
2.
INVESTMENT INCOME
Deposit account interest		 2022
2021
£
£
0
0
0
0
217
49

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2022

Trustees expenses:

Clergy expenses amounting to £4,489 (2021: £5,969) were paid in the year.

4. TANGIBLE FIXED ASSETS

4.
TANGIBLE FIXED ASSETS
COST OF ASSETS
As at 1 January 2022
Additions 2022
DEPRECIATION
As at 1 January 2022
Charge for the year
NET BOOK VALUE
As at 1 January 2022
As at 31 December 2022		 Freehold
Property
Plant &
Equipment
£
£		 Total
£
123,666
58,920		 182,586
123,666
58,920		 182,586
(58,920) (58,920)
(58,920) (58,920)
123,666
0		 123,666
123,666
0		 123,666

Included in cost or valuation of land and buildings is freehold land of £123,666

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Debtors
6.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Creditors & Accruals		 2022
2021
£
£
8,003
6,127
2022
2021
£
£
18,128
5,809
18,128
5,809

`

THE ECCLESIASTICAL PARISH OF IPSLEY

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2021

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

AR AR
2022
 2021
£ £
0 0

8. MOVEMENT IN FUNDS

Unrestricted Funds
Restricted Funds
TOTAL FUNDS		 At 1 Jan
2022
Movement
for Year
At 31 Dec
2022
£
£
£
251,893
24,698
276,591
8,147
6,306
14,543
260,040
31,004
291,044

Net movement in funds, included in the above are as follows:

Unrestricted Funds
Restricted Funds
Total		 Incoming
Resources
Resources
Expended
£
£		 Transfers
Movement
in Funds
£
231,104
-208,111
11,525
-3,514		 1,705
24,698
-1,705
6,306
242,629
-211,625		 31,004

10. OTHER FINANCIALCOMMITMENTS

There were no other financial commitments to report.

`

INCOMING RESOURCES
Voluntary income
Gift Aided donations
Gift Aid tax recoverable
Non gift aid
Collections
Sundry Donations
Appeals
Legacies
Grants
Activities for generating funds
Investment income
Deposit account interest
Incoming resources from
charitable activities
Lettings
Fees
Miscellaneous
Total incoming resources
RESOURCES EXPENDED
Youth work
Parish/Ministry Share
Clergy Expenses
Donations other charities
Donations individuals
Church
Church centre
Churchyard
Bookstall
Insurance
Administration
Mission/Evangelism
Major Repairs - Church
Total resources expended
Net income		 2022 2021
£ £
111,579
30,330
10,076
5,421
6,959
9,990
25,758		 117,787
26,046
13,997
3,599
739
402
24,263
200,113 186,833
217
31,504
4,403
6,392		 49
28,842
2,446
3,620
42,516 34,957
242,629 221,790
1,542
88,300
4,489
3,019
500
35,922
26,789
1,706
61
6,303
14,136
18,615
10,243		 130,387
5,969
3,584
500
15,754
18,587
1,519
75
6,012
16,430
26,586
211,625 225,403
31,004 - 3,613

This page is not part of the financial statements.

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