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← The Parochial Church Council Of The Ecclesiastical Parish Of St Peter's Ipsly

2023-12-31-accounts

REPORT OF THE TRUSTEES AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 FOR

THE ECCLESIASTICAL PARISH OF IPSLEY

REGISTERED CHARITY NUMBER: 1133862

THE ECCLESIASTICAL PARISH OFIPSLEY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

The Parochial Church Council presents its report and accounts for the year ended 31 December 2023. 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 2023

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 2023

Total Parish

Funds

2023 saw a minor movement across the year in total fund terms – from £291.2K to 303.6K, total increase £12.4K. Balance Sheet closes out with Cash (liquidity) hardly moving in the year.

Income

Year total giving £170.3K compares with 2022 £174.3K. This is actually a promising result when taking into account Grants down against 2022 by £24.3K, the major difference here being no Community Missioner grant (or expenditure) in 2023 at Christ Church.

Expenditure

Eliminating the Community Missioner in 2022 only, inflation in 2023 has hit costs very hard. Inflation has effectively been offset by paying Ministry Share only in 2023, i.e. no (optional) contribution to Mission Support Fund.

DCC Treasurer Notes

St Peters

It's been quite difficult to balance the books this year. We had the unexpected expense of a new boiler for the church and a new heater for the Huband Room costing a total of £6,894. People have been generous and we did receive some gifts towards the unexpected expense.

The only regular letting we had was the WI once a month. We only paid the Ministry Share.

Christ Church

We have seen slight improvement in giving – additional signings up to the Parish Giving Scheme. Other income – Nursery rentals proceeding as always, some fluctuations in church hire (slimming world manager changes)

Utility costs are starting to benefit from new contracts coming into play. Major expenditure – just one item : £5.3K new cooker

St Johns

I am taking this opportunity to thank all who donate so generously to St John’s.

Whether it is by gifts of money or by volunteering to keep the services, buildings and grounds up to a good standard. As a church we also give 10% of our receipts to charities.

Also received donations to the youth mission where Jas met with God which has led to her being baptized.

The church and hall hiring income has increased which will help with the maintenance costs. The huge Gas increase did not materialize which leaves us with a healthy balance as I expect there will be more demands on the money we have.

Joint Projects

Parish Administration costs include annual audit and hosting of Parish website(s) Mission expenditure comprise only Messy Church, now operating at Woodrow First School.

Calls on funding from churches were kept to a minimum, relying as far as possible on balance brought forward.

THE ECCLESIASTICAL PARISH OFIPSLEY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

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: 6 June 2024

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:

............................................. Matthew Elmes - Examiner

Date :

THE ECCLESISTICAL PARISH OF IPSLEY

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31DECEMBER 2023

INCOMING RESOURCES
Incoming Resources from generated
funds
Voluntary Income
Activities for generating funds
Income resources from charitable
activities
Lettings
Fees
Investment income
Community Missioner
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
£		 Unrestricted
Funds
£		 Restricted
Funds
2023
Total Funds
£
£		 2022
Total
Funds
£
1
2
3		 160,745
32,581
2,901
1,243
3,878		 9,577
170,322
32,581
2,901
1,243
214
4,092		 174,355
31,504
4,403
217
17,063
15,087
200,105 9,791
209,896		 242,629
7,465
3,040
69,469
92,643		 214
7,679
3,040
69,469
24,645
117,288		 3,519
4,489
88,300
115,195
172,617 24,859
197,476		 211,503
-1000
27,488
276,582		 1000
-15,068
12,420
14,584
291,166		 31,126
260,040
303,070 516
303,586		 291,166

`

THE ECCLESISTICAL PARISH OF IPSLEY

BALANCE SHEET AT 31 DECEMBER 2023

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 2023 Total
Funds
£		 2022 Total
Funds
£
4
5
6
7
8
 123,666
8,984
182,633		 123,666
8,003
177,503
191,617 185,506
-11,697 -18,006
179,920 167,500
303,586 291,166
303,586 291,166
303,070
516		 276,582
14,584
303,586 291,166

The financial statements were approved by the Board of Trustees on 6 June 2024 and were signed

on its behalf by:

----- Start of picture text -----
.............................................
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N R Bishop Parish Treasurer

`

THE ECCLESIASTICAL PARISH OF IPSLEY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

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

1. ACTIVITIES FOR GENERATING FUNDS

1.
ACTIVITIES FOR GENERATING FUNDS
There were no reported expenses under this heading
2.
INVESTMENT INCOME
Deposit account interest		 2023
2022
£
£
0
0
0
0
1,243
217

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2023

Trustees expenses:

Clergy expenses amounting to £2,372 (2022: £4,489) were paid in the year.

4. TANGIBLE FIXED ASSETS

4.
TANGIBLE FIXED ASSETS
COST OF ASSETS
As at 1 January 2023
Additions 2023
DEPRECIATION
As at 1 January 2023
Charge for the year
NET BOOK VALUE
As at 1 January 2023
As at 31 December 2023		 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

5.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Debtors
6.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Creditors & Accruals		 2023
2022
£
£
8,984
8,003
2023
2022
£
£
11,697
18,006
11,697
18,006

`

THE ECCLESIASTICAL PARISH OF IPSLEY

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

2023
 2022
£ £
0 0

8. MOVEMENT IN FUNDS

Unrestricted Funds
Restricted Funds
TOTAL FUNDS		 At 1 Jan
2023
Movement
for Year
At 31 Dec
2023
£
£
£
276,582
26,488
303,070
14,584
-14,068
516
291,166
12,420
303,586

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

Unrestricted
Funds
Restricted Funds
Total		 Incoming
Resources
Resources
Expended
TransfersMovement
in Funds
£
£
£
200,105
172,617
-1,000
26,488
9,791
24,859
1,000
-14,068
209,896
197,476
12,420

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		 2023 2022
£ £
110,138
30,951
10,961
6,902
3,543
7,827
1,449		 111,579
30,330
10,076
5,421
6,959
9,990
25,758
171,771 200,113
1,243
32,581
2,901
1,400		 217
31,504
4,403
6,392
38,125 42,516
209,896 242,629
2,964
69,469
2,372
4,715
-
47,718
33,263
1,729
-
6,748
19,332
3,826
5,340		 1,542
88,300
4,489
3,019

500
35,922
26,789
1,706

61
6,303
14,136
18,615
10,243
197,476 211,503
12,420 31,126

This page is not part of the financial statements.

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/
members of
On accounts for the year
ended
Set out on pages		 Charity Name
The Ecclesiastical Parish of Ipsley		 Charity Name
The Ecclesiastical Parish of Ipsley		 Charity Name
The Ecclesiastical Parish of Ipsley
31/12/2023 Charity no
(if any)		 1133862
1 - 12
(remember to include the page numbers of additional sheets)

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 / 12 / 2023 .

Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention (other than that disclosed below *) in connection with the examination which gives me cause to believe that in, any material respect:

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.

Signed:
Name:
Relevant professional
qualification(s) or body
(if any):
Address:		 Date:04/09/2024 Date:04/09/2024
Matthew Elmes
ICAEW / ACCA
11 Swan Street
Alcester
Warwickshire, B49 5DP

2

Section B Disclosure

Give here brief details of N/A any items that the examiner wishes to disclose .

3