| Pages | ||||
|---|---|---|---|---|
| Trustees' annual report |
1 to 15 | |||
| Independent examiner's report |
to the trustees | 16 | ||
| Statement offinancial |
activities | 17 | ||
| Statement offinancial |
position | 18 | ||
| Notes to the financial | statements | 19to 27 | ||
| The following pages |
do not form part of | the financial | statements | |
| Detailed statement of |
financial | activities | 29to 30 | |
| Notes to the detailed | statement | offinancial | activities | 31 |
| Year ended | 31st December 2022 | 31st December 2022 | |||||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| Unrestricted | Restricted | Endowment | |||||
| funds | funds | funds | Total funds | Total funds | |||
| Note | f | 6 | 8 | F | |||
| Income and endowments | |||||||
| Donations and legacies |
4 | 168,758 | 146,358 | 315,116 | 98,095 | ||
| Fees and lettings | 5 | 48,508 | 48,508 | 35,645 | |||
| Investment income |
6 | 2,310 | 1,022 | 3332 | 2,727 | ||
| Other income/(loss) | 7 | (3,934) | (4,586) | (3,760) | (12,280) | 30,106 | |
| Total Income | 215,642 | 142,794 | (3,760) | 354,676 | 166,573 | ||
| Expenditure | |||||||
| Expenditure on |
|||||||
| charitable activities |
8,9 | 161,183 | 5,222 | 166,405 | 79,832 | ||
| Total expenditure | 161,183 | 5,222 | 166,405 | 79,832 | |||
| Net (losses) on | |||||||
| Investments | 10 | (138) | (138) | ||||
| Net Income and net | |||||||
| movement In funds |
54,459 | 137,572 | (3,898) | 188,133 | 86,741 | ||
| Reconciliation offunds |
|||||||
| Total funds brought |
forward | 169,650 | 148,538 | 34,355 | 352,543 | 265,802 | |
| Transfers | 2,275 | (2,275) | |||||
| Total funds carried | forward | 224,109 | 288,385 | 28,182 | 540,676 | 352,543 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Note | 8 | E | F | |||
| FIXEDASSETS | ||||||
| Tangible fixed assets | 14 | 90,000 | 90,000 | |||
| Investments | 15 | 165,220 | 106,734 | |||
| 255,220 | 196,734 | |||||
| CURRENT ASSETS | ||||||
| Debtors | 16 | 5,638 | 5,195 | |||
| Cash at bank and in hand |
286,990 | 161,508 | ||||
| 292,628 | 166,703 | |||||
| CREDITORS: amounts | falling due | |||||
| within one year | 17 | (7,172) | (10,894) | |||
| NET CURRENT ASSETS | 285,456 | 155,809 | ||||
| TOTAL ASSETS LESS | CURRENT | |||||
| LIABILITIES | 540,676 | 352,543 | ||||
| NET ASSETS | 540,676 | 352,543 | ||||
| FUNDS OF THE CHARITY | ||||||
| Endowment funds |
28,182 | 34,355 | ||||
| Restricted funds | 288,385 | 148,538 | ||||
| Unrestricted funds - Designated |
58,278 | 85,081 | ||||
| Unrestricted funds - General |
165,831 | 84,569 | ||||
| Total charity funds | 18 | 540,676 | 352,543 |
| Donations and legaci |
es | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2022 | |||
| E | f | 8 | |||
| DONATIONS | |||||
| Planned Giving |
51,621 | 51,621 | |||
| GIR aid | 12,809 | 12,809 | |||
| Collections open plate | all services | 7,610 | 7,610 | ||
| Sundry donations | 8,070 | 8,070 | |||
| Donations to Youth & |
Education | Fund | |||
| LEGACIES | |||||
| Legacies | 82,561 | 146,358 | 228,919 | ||
| GRANTS | |||||
| Grants receivable | 5,861 | 5,861 | |||
| OTHER DONATIONS | AND LEGACIES | ||||
| Fund raising | 226 | 226 | |||
| 168,758 | 146,358 | 316,116 | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2021 | |||
| 6 | 5 | 6 | |||
| DONATIONS | |||||
| Planned Giving |
48,736 | 48,736 | |||
| Gift aid | 11,877 | 11,877 | |||
| Collections open plate | all services | 6,287 | 6,287 | ||
| Sundry donations | 6,908 | 6,908 | |||
| Donations to Youth & |
Education | Fund | 1,661 | 1,661 | |
| LEGACIES | |||||
| Legacies | 22,000 | 22,000 | |||
| GRANTS | |||||
| Grants receivable | |||||
| OTHER DONATIONS | AND LEGACIES | ||||
| Fund raising | 626 | 626 | |||
| 96,434 | 1,661 | 98,095 |
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | ||
| 5 | 5 | k | 5 | ||
| Funeral | fees | 28,943 | 28,943 | 25,847 | 25,847 |
| Wedding | fees | 7,553 | 7,553 | 1,947 | 1,947 |
| Rent No | 4 | 8,165 | 8,165 | 6,774 | 6,774 |
| Church | Hall lettings | 3,847 | 3,847 | 1,077 | 1,077 |
| 48,508 | 48,508 | 35,645 | 35,645 |
| Unrestricted | Restricted | Total Funds | ||
|---|---|---|---|---|
| Funds | Funds | 2022 | ||
| 5 | 5 | 5 | ||
| Bank interest | 579 | 579 | ||
| Dividend | income | 1,731 | 1,022 | 2,753 |
| 2,310 | 1,022 | 3332 | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2021 | ||
| 5 | 5 | |||
| Bank interest | 18 | 18 | ||
| Dividend | income | 1,720 | 989 | 2,709 |
| 1,738 | 989 | 2,727 |
| Other inc | ome | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Funds | ||
| Funds 5 |
Funds | Funds | 2022 f |
|||
| Unrealised | gains on investments | (3,934) | (4,586) | (3,760) | (12,280) | |
| Furlough | receipts | |||||
| Other income | ||||||
| (3,934) | (4,586) | (3,760) | (12,280) | |||
| Unrestricted | Restricted | Endowment | Total | Funds | ||
| Funds | Funds | Funds | 2021 | |||
| 5 | 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 |
| Expenditure | on charitable a |
ctivities by fund t |
ype | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2022 | |||
| 8 | 6 | ||||
| The Church | ofthe Ascension, | Wall Heath | 36,747 | 36,747 | |
| St. Marys, | Kingswinford | 120,985 | 5,222 | 126,207 | |
| Support costs | 3,451 | 3,451 | |||
| 161,183 | 5,222 | 166,405 | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2021 | |||
| 8 | 6 | ||||
| The Church | ofthe Ascension, | Wall Heath | (2,024) | (2,024) | |
| St. Marys, | Kingswinford | 78,204 | 78,204 | ||
| Support costs | 3,652 | 3,652 | |||
| 79,832 | 79,832 |
| Expenditur | e o |
n charitable activities |
by activity type | |||
|---|---|---|---|---|---|---|
| Activities | ||||||
| undertaken | Support | Total funds | Total fund | |||
| directly | costs | 2022 | 2021 | |||
| 8 | 8 | E | E | |||
| The Church | of | the Ascension, | ||||
| Wall Heath | 36,747 | 1,200 | 37,947 | (824) | ||
| St. Marys, | Kingswinford | 126,207 | 2,000 | 128,207 | 79,404 | |
| Governance | costs | 251 | 251 | 1,252 | ||
| 162,954 | 3,451 | 166,405 | 79,832 | |||
| Net losses | on | investments | ||||
| Endowment | 'Total Funds | Endowment | Total Funds | |||
| Funds | 2022 | Funds | 2021 | |||
| 8 | 8 | E | ||||
| Gains/(losses) | on other investment | |||||
| assets | (138) | (138) |
| Independent | examination | fees | ||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| E | ||||||
| Fees payable | to the independent | examiner for: | ||||
| Independent | examination | ofthe | financial | statements | 3,200 | 2,400 |
| Staff costs | |||||
|---|---|---|---|---|---|
| The total staff costs and employee | benefits for the reporting | period are analysed | as | follows: | |
| 2022 | 2021 | ||||
| F | |||||
| Wages and salaries | 1,710 | 1,709 | |||
| The average head count of employees |
during the year was | 1 (2021:1). |
| Tangible fixed assets | |
|---|---|
| Land and | |
| buildings | |
| Cost | |
| At 1stJanuary 2022 and 31st December 2022 | 90,000 |
| Depreciation | |
| At 1stJanuary 2022 and 31st December 2022 | |
| Carrying amount |
|
| At 31st December 2022 | 90,000 |
| At 31st December 2021 | 90,000 |
| Investments | |
|---|---|
| Other | |
| Investments | |
| f. | |
| Cost or valuation | |
| At 1st January 2022 | 106,734 |
| Additions | 73,179 |
| Dieposals | (2,413) |
| Fair value movements | (12,280) |
| At 31st December 2022 | 165,220 |
| Impairment | |
| At 1stJanuary 2022 and 31stDecember 2022 | |
| Carrying amount |
|
| At 31st December 2022 | 165,220 |
| At 31stDecember 2021 | 106,734 |
| 16. | Debtors | ||||
|---|---|---|---|---|---|
| 2022 8 |
2021 f |
||||
| Prepayments | and accrued income | 3,148 | 2,770 | ||
| Other debtors | 2,490 | 2,425 | |||
| 5,638 | 5,195 | ||||
| 17. | Creditors: amounts | falling due within one year | |||
| 2022 | 2021 | ||||
| 6 | F | ||||
| Accruals and |
deferred | income | 7172 | 10,894 |
| At 1 Jan | Gains and | At 31 Dec | |||||
|---|---|---|---|---|---|---|---|
| 2022 | Income F |
Expenditure | Transfers F |
losses f |
2022 6 |
||
| General funds |
84,569 | 215,642 | (129,779) | 170,432 | |||
| Betty Magson | |||||||
| Legacy Fund | |||||||
| (Formerly | |||||||
| Designated | |||||||
| Restoration | Fund) | 85,081 | (31,404) | 53,677 | |||
| 169,650 | 215,642 | (161,183) | 224,109 | ||||
| At 1 Jan | Gains and | At 31 Dec | |||||
| 2021 | Income | Expenditure | Transfers | losses | 2021 | ||
| 6 | 6 | 6 | 6 | ||||
| General funds | (7,912) | 132,748 | (40,267) | 84,569 | |||
| Betty Magson | |||||||
| Legacy Fund | |||||||
| (Formerly | |||||||
| Designated | |||||||
| Restoration | Fund) | 102,646 | 22,000 | (39,565) | 85,081 | ||
| 94,734 | 154,748 | (79,832) | 169,650 |
| Restricted funds | ||||||
|---|---|---|---|---|---|---|
| At 1 Jan | Gains and | At 31 Dec | ||||
| 2022 | Income | Expenditure | Transfers | losses | 2022 | |
| 5 | F | 6 | 6 | |||
| Education Fund |
37,979 | (3,564) | 34,415 | |||
| Youth and | ||||||
| Education Fund |
20,559 | 20,559 | ||||
| Property Fund: |
||||||
| No 4 The Village | 90,000 | 90,000 | ||||
| Elisabeth Corfleld |
||||||
| Gravestone Fund |
73,179 | 73,179 | ||||
| Elisabeth Corfield |
||||||
| St Mary's Padded | ||||||
| Seating and | ||||||
| Church Building |
||||||
| Fabric Fund | 73,179 | (3,120) | 70,059 | |||
| Churchyard | ||||||
| Upkeep Fund |
(2,102) | 2,275 | 173 | |||
| 148,538 | 142,794 | (5,222) | 2,275 | 288,385 | ||
| At 1 Jan | Gains and | At 31 Dec | ||||
| 2021 | Income | Expenditure | Transfers | losses | 2021 | |
| 6 | 6 | 5 | E | E | 6 | |
| Education Fund |
32,115 | 5,864 | 37,979 | |||
| Youth and | ||||||
| Education Fund |
18,898 | 1,661 | 20,559 | |||
| Property Fund: |
||||||
| No 4The Village | 90,000 | 90,000 | ||||
| Elisabeth Corfield |
||||||
| Gravestone Fund |
||||||
| Elisabeth Corfield |
||||||
| St Mary's Padded | ||||||
| Seating and | ||||||
| Church Building |
||||||
| Fabric Fund | ||||||
| Churchyard | ||||||
| Upkeep Fund | ||||||
| 141,013 | 7,525 | 148,538 |
| At 1 Jan | Gains and | At 31 Dec | |||||
|---|---|---|---|---|---|---|---|
| 2022 | Income | Expenditure | Transfers | losses | 2022 | ||
| E | E | E | |||||
| Permanent | |||||||
| Endowment | Fund | 34,355 | (3,780) | (2,275) | (138) | 28,182 | |
| At1 Jan | Gains and | At 31 Dec | |||||
| 2021 | Income | Expenditure | Transfers | losses | 2021 | ||
| E | F | E | E | F. | |||
| Permanent | |||||||
| Endowment | Fund | 30,055 | 4,300 | 34,355 | |||
| The above | Permanent | Endowment | Fund comprises:- |
| 2022 f |
2021 F. |
|||||||
|---|---|---|---|---|---|---|---|---|
| CCLA | Investment | - | Kingswinford | Trust | Account | 28,182 | 31,942 | |
| CCLA | Investment | - | Kingswinford | Trust | (Watson) | Account | 2,413 | |
| 28,182 | 34,355 |
| Analysis of net as | sets between | funds | |||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total Funds | ||
| Funds | Funds | Funds | 2022 | ||
| F | E | E | E | ||
| Tangible fixed assets | 90,000 | 90,000 | |||
| Investments | 29,489 | 107,549 | 28,182 | 165,220 | |
| Current assets | 201,792 | 90,836 | 292,628 | ||
| Creditors less than | 1 year | (7,172) | (7,172) | ||
| Net assets | 224,109 | 288,385 | 28,182 | 540,676 | |
| Unrestricted | Restricted | Endowment | Total Funds | ||
| Funds | Funds | Funds | 2021 | ||
| F | F. | E | E | ||
| 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 |
| Y | ear ended 31stDece | mber 2022 | |
|---|---|---|---|
| 2022 | 2021 | ||
| 6 | E | ||
| Income and endowments | |||
| Donations and legacies |
|||
| Planned Giving |
51,621 | 48,736 | |
| Gift aid | 12,809 | 11,877 | |
| Collections open plate all services |
7,610 | 6,287 | |
| Sundry donations | 8,070 | 6,908 | |
| Donations to Youth & Education |
Fund | 1,661 | |
| Legacies | 228,919 | 22,000 | |
| Grants receivable | 5,861 | ||
| Fund raising | 226 | 626 | |
| 315,116 | 98,095 | ||
| Fees and lettlngs | |||
| Funeral fees | 28,943 | 25,847 | |
| Wedding fees | 7,553 | 1,947 | |
| Rent No 4 | 8,165 | 6,774 | |
| Church Hall lettings |
3,847 | 1,077 | |
| 48,508 | 35,645 | ||
| Investment Income |
|||
| Bank interest | 579 | 18 | |
| Dividend income |
2,763 | 2,709 | |
| 3332 | 2,727 | ||
| Other income | |||
| Unrealised gains on investments |
12,280 | 13,358 | |
| Furlough receipts |
983 | ||
| Other income | 15,765 | ||
| 12,280 | 30,106 | ||
| Total Income | 354,676 | 166,573 |
| Ye | ar ended 31stDecem | ber 2022 | |||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| 6 | 6 | ||||
| Expenditure | |||||
| Expenditure on charitable |
activities | ||||
| Wages and salaries | 1,710 | 1,709 | |||
| Education expenses | 311 | ||||
| Utilities —Gas | 3,039 | 3,986 | |||
| Utilities - Electricity | 2,262 | 2,623 | |||
| Utilities —Water | 322 | 276 | |||
| Utilities —Waste | 512 | 499 | |||
| Utilities —Wifl | 348 | 301 | |||
| Utilities —Heating allowance |
(2,520) | ||||
| Repairs and maintenance | 60,549 | 57,311 | |||
| Insurance | 6,792 | 6,506 | |||
| Sundries | 2,994 | 2,168 | |||
| Donations | 1,505 | 2,042 | |||
| Legal and professional fees |
3,320 | 3,558 | |||
| Churchyard expenses |
2,102 | 171 | |||
| Printing and stationery |
4,264 | 2,839 | |||
| Bank charges | 131 | 94 | |||
| Ministry share —paid/due | 52,605 | 50,000 | |||
| Ministry share —provision | written | off | (75,927) | ||
| Clergy expenses | 1,941 | 1,013 | |||
| Caretaker costs | 1,411 | 992 | |||
| Wedding and funeral expenses |
21,413 | 16,722 | |||
| Church services and altar | expenses | 2,179 | 2,638 | ||
| 166,405 | 79,832 | ||||
| Total expenditure | 166,405 | 79,832 | |||
| Net losses on Investments | |||||
| Gains/(losses) on other investment |
assets | 138 | |||
| Net Income | 188,133 | 86,741 |
| Y | ear ended 31st Decem | ber 2022 | ||||
|---|---|---|---|---|---|---|
| 2022 6 |
2021f | |||||
| Expenditure on charitable |
activities | |||||
| The Church ofthe Ascension, | Wall Heath | |||||
| Activities undertaken | directly | |||||
| Education expenses | 311 | |||||
| Utilities —Gas | 1,995 | 2,607 | ||||
| Utilities —Electricity | 634 | 657 | ||||
| Utilities —Water | 187 | 139 | ||||
| Utilities —Heating allowance |
(1,008) | |||||
| Repairs and renewals | 6,722 | 3,935 | ||||
| Insurance | 1,536 | 1,476 | ||||
| Sundries | 1,208 | 719 | ||||
| Donations | 180 | 180 | ||||
| Printing and stationery |
1,756 | 1,889 | ||||
| Ministry Share —paid/due | 21,042 | 24,000 | ||||
| Ministry Share —provision | written | off | (39,046) | |||
| Clergy expenses | 859 | 117 | ||||
| Caretaker costs | 1,411 | 992 | ||||
| Church services and | altar | expenses | 225 | |||
| 36,747 | (2,024) | |||||
| St.Marys, Klngswlnford | ||||||
| Activities undertaken | directly | |||||
| Salaries | 1,710 | 1,709 | ||||
| Utilities —Gas | 1,044 | 1,379 | ||||
| Utilities —Electricity | 1,628 | 1,966 | ||||
| Utilities —Water | 135 | 137 | ||||
| Utilities —Waste | 512 | 499 | ||||
| Utilities —Wifi | 348 | 301 | ||||
| Utilities —Heating allowance |
(1,512) | |||||
| Repairs and renewals | 53,827 | 53,376 | ||||
| Insurance | 5,256 | 5,030 | ||||
| Sundry expenses | 1,786 | 1,449 | ||||
| Donations | 1,325 | 1,862 | ||||
| Churchyard expenses |
2,102 | 171 | ||||
| Printing and stationery |
2,508 | 950 | ||||
| Ministry share —paid/due | 31,563 | 26,000 | ||||
| Ministry share —provision | written | off | (36,881) | |||
| Clergy expenses | 1,082 | 896 | ||||
| Wedding and funeral |
expenses | 21,413 | 16,722 | |||
| Church services and | altar | expenses | 1,954 | 2,638 | ||
| 126,207 | 78,204 | |||||
| Supportcosts | ||||||
| Accountancy fees |
3,200 | 2,400 | ||||
| Governance costs | ||||||
| Legal and other professional | fees | 120 | 1,158 | |||
| Governance costs - other |
finance | costs | 131 | 94 | ||
| 251 | 1,252 | |||||
| Expenditure on charitable |
activities | 166,405 | 79,832 |