| Pages | ||||
|---|---|---|---|---|
| Trustees' annual report |
1 to 13 | |||
| Independent examiner's report |
to the trustees | 14 | ||
| Statement offinancial | activities | |||
| Statement offinancial | position | 16 | ||
| Notes to the financial | statements | 17to 24 | ||
| The following pages |
do not form part of | the financial | statements | |
| Detailed statement of |
financial | activities | 26 to 27 | |
| Notes to the detailed | statement | offinancial | activities | 28 |
| Registered | charity | name | The Parochial Church |
Council and Ecclesiastical | Council and Ecclesiastical | Parish of |
|---|---|---|---|---|---|---|
| Kingswinford, St Mary |
||||||
| Charity registration | number | 1133868 | ||||
| Principal office | The EcoVicarage | |||||
| 15Penzer Street | ||||||
| Kingswinford | ||||||
| West Midlands | ||||||
| DY6 TAA | ||||||
| The trustees | Revd Adam R Hadley | (Appointed | 15th July 2021) | |||
| Mrs Jill Nicholls | ||||||
| Mrs Debbie Filgate | ||||||
| Mr Robert Green | ||||||
| Mrs Mary Thompson | ||||||
| Mrs Margaret Penn |
||||||
| Mrs Jean Blakemore | ||||||
| Mrs Sheila Freeman | ||||||
| Mrs Sheila Abrahams | ||||||
| Mrs Sara Horton | ||||||
| Mrs Jane Lamb | ||||||
| Mr Michael Penn | ||||||
| Mrs Karen Whitehouse | ||||||
| Mr Neil Whitehouse | ||||||
| Mr Geoffrey Nicholls | ||||||
| Mrs Helen Moran | ||||||
| Mr Neil Oliver | ||||||
| Mr David Cousins | ||||||
| Mrs Jennifer Stewart | ||||||
| Independent | examiner | MRS R E CLARKE FCCA OF Griffiths 8Pegg Limited |
||||
| 3 Hagley Court South | ||||||
| Waterfront East |
||||||
| Level Street | ||||||
| Brierley Hill |
||||||
| West Midlands | ||||||
| DY5 1XE |
| Year ended | 31stDecember 2021 | 31stDecember 2021 | |||||
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| Unrestricted | Restricted | Endowment | |||||
| funds | funds | funds | Total funds | Total funds | |||
| Note | 6 | 6 | 6 | 8 | |||
| Income and endowments | |||||||
| Donations and legacies |
4 | 96,434 | 1,661 | 98,095 | 64,643 | ||
| Fees and lettings | 5 | 35,645 | 35,645 | 27,278 | |||
| Investment income |
6 | 1,738 | 989 | 2,727 | 2,847 | ||
| Other income | 7 | 20,931 | 4,875 | 4,300 | 30,106 | 6,878 | |
| Total Income | 154,748 | 7,525 | 4,300 | 166,573 | 101,646 | ||
| Expenditure | |||||||
| Expenditure on |
|||||||
| charitable activities |
8,9 | 79,832 | 79,832 | 185,964 | |||
| Total expenditure | 79,832 | 79,832 | 185,964 | ||||
| Net income/(expenditure) | |||||||
| and net movement | In funds | 74,916 | 7,525 | 4,300 | 86,741 | (84,318) | |
| Reconciliation offunds |
|||||||
| Total funds brought | forward | 94,734 | 141,013 | 30,055 | 265,802 | 350,120 | |
| Total funds carried forward | 169,650 | 148,538 | 34,355 | 352,543 | 265,802 |
| State | ment ofFinancial Pos |
ment ofFinancial Pos |
ition | ||||
|---|---|---|---|---|---|---|---|
| 31stDecember 2021 | |||||||
| Note | 2021 | f | 2020 | ||||
| FIXEDASSETS | |||||||
| Tangible fixed assets | 13 | 90,000 | 90,000 | ||||
| Investments | 14 | 106,734 | 93,873 | ||||
| 196,734 | 183,873 | ||||||
| CURRENT ASSETS | |||||||
| Debtors | 16 | 6195 | 9,852 | ||||
| Cash at bank and in hand |
161,508 | 152,931 | |||||
| 166,703 | 162,783 | ||||||
| CREDITORS: amounts | falling due | ||||||
| within one year | 16 | (10,894) | (80,854) | ||||
| NET CURRENT ASSETS | 165,809 | 81,929 | |||||
| TOTAL ASSETS LESS | CURRENT | ||||||
| LIABILITIES | 352,643 | 265,802 | |||||
| NET ASSETS | 352,643 | 265,802 | |||||
| FUNDS OF THE CHARITY | |||||||
| Endowment funds |
34,366 | 30,055 | |||||
| Restricted funds |
148,538 | 141,013 | |||||
| Unrestricted funds —Designated |
85,081 | 102,646 | |||||
| Unrestricted funds —General |
84,669 | (7,912) | |||||
| Total charity funds | 17 | 352,543 | 265,802 |
| Donations and legac |
i | es | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds | 2021 | ||||
| F | 6 | |||||
| DONATIONS | ||||||
| Planned Giving |
48,736 | 48,736 | ||||
| Gift aid | 11,877 | 11,877 | ||||
| Collections open plate | all services | 6,267 | 6,287 | |||
| Sundry donations | 6,908 | 6,908 | ||||
| Donations to Church |
Restoration | Fund | ||||
| Donations to Youth & |
Education | Fund | 1,661 | 1,661 | ||
| LEGACIES | ||||||
| Legacies | 22,000 | 22,000 | ||||
| OTHER DONATIONS | AND LEGACIES | |||||
| Fund raising | 626 | 626 | ||||
| 96,434 | 1,661 | 98,095 | ||||
| Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds | 2020 | ||||
| E | F | E | ||||
| DONATIONS | ||||||
| Planned Giving |
39,032 | 39,032 | ||||
| Gift aid | 10,164 | 10,164 | ||||
| Collections open plate | all services | 3,309 | 3,309 | |||
| Sundry donations | 3,774 | 3,774 | ||||
| Donations to Church |
Restoration | Fund | 3,000 | 3,000 | ||
| Donations to Youth & |
Education | Fund | 4,922 | 4,922 | ||
| LEGACIES | ||||||
| Legacies | ||||||
| OTHER DONATIONS | AND LEGACIES | |||||
| Fund raising | 442 | |||||
| 59,721 | 4,922 | 64,643 |
| Fees an | d lettings | ||||
|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2021 | Funds | 2020 | ||
| 5 | f | ||||
| Funeralfees | 25,847 | 25,847 | 19,057 | 19,057 | |
| Wedding | fees | 1,947 | 1,947 | 291 | 291 |
| Rent No | 4 | 6,774 | 6,774 | 6,693 | 6,693 |
| Church | Hall lettings | 1,077 | 1,077 | 1,237 | 1,237 |
| 35,645 | 35,645 | 27,278 | 27,278 |
| Unrestricted | Restricted | Total Funds | ||
|---|---|---|---|---|
| Funds | Funds | 2021 f |
||
| Bank interest | 18 | 18 | ||
| Dividend | income | 1,720 | 989 | 2,709 |
| 1,738 | 989 | 2,727 | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2020 | ||
| F | 2 | 2 | ||
| Bank interest | 228 | 228 | ||
| Dividend | income | 1,664 | 955 | 2,619 |
| 1,892 | 955 | 2,847 |
| Other inc | ome | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total Funds | ||
| Funds 6 |
Funds | Funds 2 |
2021 f |
||
| Unrealised | gains on investments | 4,183 | 4,875 | 4,300 | 13,358 |
| Furlough | receipts | 983 | 983 | ||
| Other income | 15,765 | 15,765 | |||
| 20,931 | 4,875 | 4,300 | 30,106 | ||
| Unrestricted | Restricted | Endowment | Total Funds | ||
| Funds | Funds | Funds | 2020 | ||
| E | E | F | |||
| Unrealised | gains on investments | 1,881 | 2,193 | 1,934 | 6,008 |
| Furlough | receipts | 870 | 870 | ||
| Other income | |||||
| 2,751 | 2,193 | 1,934 | 6,878 |
| Expenditure | on charitable activiti |
es by fund type |
|||
|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2021 | Funds | 2020 | ||
| E | 6 | 6 | |||
| The Church | ofthe Ascension, | ||||
| Wall Heath | (2,024) | (2,024) | 50,714 | 50,714 | |
| St. Marys, | Kingswinford | 78,204 | 78,204 | 134,020 | 134,020 |
| Support costs | 3,652 | 3,652 | 1,230 | 1,230 | |
| 79,832 | 79,832 | 185,964 | 185,964 |
| Activities | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| undertaken | Support | Total funds | Total fund | |||||||
| directly f |
costs 6 |
2021 f. |
2020 6 |
|||||||
| The Church | ofthe Ascension, | |||||||||
| Wall Heath | (2,024) | (2,024) | 51,914 | |||||||
| St. Marys, | Kingswinford | 78,204 | 78,204 | 135,220 | ||||||
| Governance | costs | 3,652 | 3,652 | (1,170) | ||||||
| 76,180 | 3,652 | 79,832 | 185,964 | |||||||
| 10. | Independent | examination | fees | |||||||
| 2021 | 2020 | |||||||||
| 6 | ||||||||||
| Fees payable | to the independent | examiner | for: | |||||||
| Independent | examination | ofthe | financial | statements | 2,400 | 2,400 |
| Tangible fixed | assets | |
|---|---|---|
| Land and | ||
| buildings | ||
| Cost | ||
| At 1stJanuary | 2021 and 31st December 2021 | 90,000 |
| Depreciation | ||
| At 1stJanuary | 2021 and 31st December 2021 | |
| Carrying amount |
||
| At 31st December 2021 | 90,000 | |
| At 31stDecember 2020 | 90,000 |
| 14. | investments | ||||
|---|---|---|---|---|---|
| Other | |||||
| investmentsf | |||||
| Cost or valuation | |||||
| At 1st January | 2021 | 93,873 | |||
| Additions | |||||
| Disposals | (497) | ||||
| Fair value movements | 13,358 | ||||
| At 31st December 2021 | 106,734 | ||||
| Impairment | |||||
| At 1stJanuary 2021 | and 31st December 2021 | ||||
| Carrying amount |
|||||
| At 31stDecember 2021 | 106,734 | ||||
| At 31st December 2020 | 93,873 | ||||
| All investments | held above are shown at valuation. | ||||
| 15. | Debtors | ||||
| 2021 | 2020 | ||||
| Prepayments | and accrued income | 2,770 | 7,786 | ||
| Other debtors | 2,425 | 2,066 | |||
| 5,195 | 9,852 | ||||
| 16. | Creditors: amounts | falling due within one year | |||
| 2021 | 2020 | ||||
| 6 | |||||
| Accruals and |
deferred | income | 10,894 | 80,854 |
| Unrestric | te | d funds |
||||||
|---|---|---|---|---|---|---|---|---|
| At 1d | At31" | |||||||
| January | December | |||||||
| 2021 E |
Income f |
Expenditure F |
2021 E |
|||||
| General funds | (7,912) | 132,748 | (40,267) | 84,569 | ||||
| Designated | Restoration | Fund | 102,646 | 22,000 | (39,565) | 85,081 | ||
| 94,734 | 154,748 | (79,832) | 169,650 | |||||
| At 1d | At 31@ | |||||||
| January | December | |||||||
| 2020 F |
Income E |
Expenditure E |
2020 f |
|||||
| General funds | 39,157 | 88,642 | (135,711) | (7,912) | ||||
| Designated | Restoration | Fund | 149,899 | 3,000 | (50,253) | 102,646 | ||
| 189,056 | 91,642 | (185,964) | 94,734 | |||||
| Restricted | funds | |||||||
| At 1" | At 31" | |||||||
| January | December | |||||||
| 2021 F |
Income | Expendituref | 2021 E |
|||||
| Education | Fund | 32,115 | 5,864 | 37,979 | ||||
| Youth and | Education | Fund | 18,898 | 1,661 | 20,559 | |||
| Property | Fund: No 4 | The Village | 90,000 | 90,000 | ||||
| 141,013 | 7,525 | 148,538 | ||||||
| At 1d | At 31d | |||||||
| January | December | |||||||
| 2020 | Income | Expenditure | 2020 | |||||
| E | E | F | F | |||||
| Education | Fund | 28,967 | 3,148 | 32,115 | ||||
| Youth and | Education | Fund | 13,976 | 4,922 | 18,898 | |||
| Property | Fund: No 4 | The Village | 90,000 | 90,000 | ||||
| 132,943 | 8,070 | 141,013 |
| Endowmen | t funds |
|||||
|---|---|---|---|---|---|---|
| At 1" | At 31si | |||||
| January | December | |||||
| 2021 | Income | Expenditure | 2021 | |||
| 6 | ||||||
| Permanent | Endowment | Fund | 30,055 | 4,300 | 34,355 | |
| At 1" | At31" | |||||
| January | December | |||||
| 2020 f |
Income | Expenditure | 2020 f |
|||
| Permanent | Endowment | Fund | 28,121 | 1,934 | 30,055 |
| Analysis of net as | sets between | funds | |||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total Funds | ||
| Funds | Funds | Funds | 2021 | ||
| 6 | 6 | 6 | 6 | ||
| Tangible fixed assets | 90,000 | 90,000 | |||
| Investments | 33,423 | 38,956 | 34,355 | 106,734 | |
| Current assets | 147,121 | 19,582 | 166,703 | ||
| Creditors less than | 1 year | (10,894) | (10,894) | ||
| Net assets | 169,650 | 148,538 | 34,355 | 352,543 | |
| Unrestricted | Restricted | Endowment | Total Funds | ||
| Funds | Funds | Funds | 2020 | ||
| F | F | ||||
| Tangible fixed assets | 90,000 | 90,000 | |||
| Investments | 29,737 | 34,081 | 30,055 | 93,873 | |
| Current assets | 145,851 | 16,932 | 162,783 | ||
| Creditors less than | 1 year | (80,854) | (80,854) | ||
| Net assets | 94,734 | 141,013 | 30,055 | 265,802 |
| Y | ear ended 31st Dece | mber 2021 | ||
|---|---|---|---|---|
| 2021 | 2020 | |||
| 6 | E | |||
| Income and endowments | ||||
| Donations and legacies |
||||
| Planned Giving |
48,736 | 39,032 | ||
| Gift aid | 11,877 | 10,164 | ||
| Collections open plate all services |
6,287 | 3,309 | ||
| Sundry donations | 6,908 | 3,774 | ||
| Donations to Church |
Restoration | Fund | 3,000 | |
| Donations to Youth |
& Education | Fund | 1,661 | 4,922 |
| Legacies | 22,000 | |||
| Fund raising | 626 | 442 | ||
| 98,095 | 64,643 | |||
| Fees and lettings | ||||
| Funeral fees | 25,847 | 19,057 | ||
| Wedding fees | 1,947 | 291 | ||
| Rent No 4 | 6,774 | 6,693 | ||
| Church Hall lettings |
1,077 | 1,237 | ||
| 35,645 | 27,278 | |||
| Investment income |
||||
| Bank interest | 18 | 228 | ||
| Dividend income |
2,709 | 2,619 | ||
| 2,727 | 2,847 | |||
| Other Income | ||||
| Unrealised gains on |
investments | 13,358 | 6,008 | |
| Furlough receipts |
983 | 870 | ||
| Other income | 15,765 | |||
| 30,106 | 6,878 | |||
| Total income | 166,573 | 101,646 |
| Year ended 31st Dece | mber 2021 | ||||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| 6 | 5 | ||||
| Expenditure | |||||
| Expenditure on charitable |
activities | ||||
| Wages and salaries | 1,709 | 1,795 | |||
| Education expenses | 311 | 243 | |||
| Organ and music | 46 | ||||
| Utilities —Gas | 3,986 | 3,959 | |||
| Utilities —Electricity | 2,623 | 1,845 | |||
| Utilities —Water | 276 | 264 | |||
| Utilities —Waste | 499 | 490 | |||
| Utilities —Wifi | 301 | 53 | |||
| Repairs and maintenance | 57,311 | 74,427 | |||
| Insurance | 6,506 | 6,706 | |||
| Sundries | 2,168 | 3,388 | |||
| Donations | 2,042 | 2,095 | |||
| Legal and professional | fees | 3,558 | 1,230 | ||
| Churchyard expenses |
171 | 292 | |||
| Printing and stationery |
2,839 | 2,828 | |||
| Bank charges | 94 | ||||
| Parish share —paid/due | 50,000 | 69,848 | |||
| Parish share - provision | written | off | (75,927) | ||
| Clergy expenses | 1,013 | 2,724 | |||
| Caretaker costs | 992 | 833 | |||
| Wedding and funeral expenses |
16,722 | 12,307 | |||
| Church services and altar expenses | 2,638 | 591 | |||
| 79,832 | 185,964 | ||||
| Total expenditure | (79,832) | (185,964) | |||
| Net Income/(expenditure) | 86,741 | (84,318) |
| Y | e | ar ended 31st Decemb | er 2021 | ||||
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| 6 | 8 | ||||||
| Expenditure on charitable |
activities | ||||||
| The Church ofthe Ascension, | Wall Heath | ||||||
| Actfv/t/es undertaken |
d/rect/y | ||||||
| Education expenses | 311 | 243 | |||||
| Utilities —Gas | 2,607 | 2,818 | |||||
| Utilities —Electricity | 657 | 393 | |||||
| Utilities —Water | 139 | 131 | |||||
| Repairs and renewals | 3,935 | 11,930 | |||||
| Insurance | 1,476 | 1,481 | |||||
| Sundries | 719 | 675 | |||||
| Donations | 180 | 493 | |||||
| Printing and stationery |
1,889 | 2,034 | |||||
| Parish Share —paid/due | 24,000 | 27,649 | |||||
| Parsh Share —provision | written | off | (39,046) | ||||
| Clergy expenses | 117 | 2,034 | |||||
| Caretaker costs | 992 | 833 | |||||
| (2,024) | 50,714 | ||||||
| Supportcosts | |||||||
| Accountancy fees |
1,200 | 1,200 | |||||
| St.Marys, Klngswlnford | |||||||
| Act/v/tfes undertaken |
d/rect/y | ||||||
| Salaries | 1,709 | 1,795 | |||||
| Organ and music | 46 | ||||||
| Utilities —Gas | 1,379 | 1,141 | |||||
| Utilities —Electricity | 1,966 | 1,452 | |||||
| Utilities —Water | 137 | 133 | |||||
| Utilities —Waste | 499 | 490 | |||||
| Utilities —Wifi | 301 | 53 | |||||
| Repairs and renewals | 53,376 | 62,497 | |||||
| Insurance | 5,030 | 5,225 | |||||
| Sundry expenses | 1,449 | 2,713 | |||||
| Donations | 1,862 | 1,602 | |||||
| Churchyard expenses |
171 | 292 | |||||
| Printing and stationery |
950 | 794 | |||||
| Parish share —paid/due | 26,000 | 42,199 | |||||
| Parish share —provision | written | off | (36,881) | ||||
| Clergy expenses | 896 | 690 | |||||
| Wedding and funeral expenses |
16,722 | 12,307 | |||||
| Church services and altar expenses | 2,638 | 591 | |||||
| 78,204 | 134,020 | ||||||
| Support costs | |||||||
| Accountancy fees |
1,200 | 1,200 | |||||
| Accountancy fees —overprovision |
and timing | (1,250) | |||||
| Legal and other professional | fees | 1,158 | 80 | ||||
| Governance costs - other |
finance | costs | 94 | ||||
| 2,452 | 30 | ||||||
| Expenditure on charitable |
activities | 79,832 | 185,964 |