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|||||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|
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||||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|
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||||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|
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|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|
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|||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|
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|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|
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|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).|||
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|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|
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##
|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|
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|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|
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##
|||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|
#
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##
##
|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|
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##
|||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|
##
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||||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|