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
- select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charity SORP;
- make judgments and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
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:
- examine the accounts under Section 145 of the 2011 Act
- to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and
- to state whether particular matters have come to my attention.
## **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:
- 1) which gives me reasonable cause to believe that, in any material respect, the requirements to keep accounting records in accordance with Section 130 of the 2011 Act; and to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or
- 2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
............................................. 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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