| Trustees' annual report |
|||
|---|---|---|---|
| Independent examiner's report |
to the trustees | ||
| Statement offinancial activities |
|||
| Statement offinancial position |
|||
| Statement ofcash flows |
10 | ||
| Notes to the financial statements | |||
| The following pages do not form part of | the financial statements | ||
| Detailed statement offinancial |
activities | 20 | |
| Notes to the detailed statement | offinancial | activities | 21 |
| 2022 | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted | |||||||
| funds | Totalfunds | Total funds | |||||
| Note | |||||||
| Income and endowments | |||||||
| Donations and legacies |
520,501 | 520,501 | 493,288 | ||||
| Charitable activities |
16,848 | 16,S48 | 11,239 | ||||
| Investment income |
2,292 | 2,292 | 1,575 | ||||
| Total income | 539,641 | 539,641 | 506,102 | ||||
| Expenditure | |||||||
| Expenditure on charitabie |
activities | 7,8 | 591,175 | 591,175 | 615,318 | ||
| Total expenditure | 591,175 | 591,176 | 615,318 | ||||
| Net expenditure and net |
movement | in funds | (51,534) | {51,534) | (109,216) | ||
| Reconciliation offunds |
|||||||
| Total funds brought | forward | 2,126,562 | 2,126,562 | 2,235,778 | |||
| Total funds carried | forward | 2,075,028 | 2,075,028 | 2,126,562 |
| 2021 | |||||||
|---|---|---|---|---|---|---|---|
| Fixed assets | |||||||
| Tangible fixed assets | 1,628,161 | 1,628,161 | |||||
| Investments | 20,808 | 20,830 | |||||
| 1,648,969 | 1,648,991 | ||||||
| Current assets | |||||||
| Debtors | 14 | 13,511 | 53,440 | ||||
| Cash at bank and in | hand | 560,043 | 555,459 | ||||
| 573,554 | 608,899 | ||||||
| Creditors: amounts | falling | due within one year | 131,328 | ||||
| Net current assets | 477,571 | ||||||
| Total assets less current | liabilities | 2„075,028 | 2,126,562 | ||||
| Net assets | 2,025,02& | 2,126,602 | |||||
| Funds ofthe charity | |||||||
| Unrestricted funds: |
|||||||
| Revaluation reselve |
737,852 | 737,852 | |||||
| Other unrestricted | income funds | I13371176 | 1,388,710 | ||||
| Total unrestricted funds |
2„075,028 | 2,126,562 | |||||
| Total charity funds | 2,025,025 | 2,120,502 |
| Year en | ded 3'i August 202 | 2 | |||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Cash flows from operating | activities | ||||
| Net expenditure | (51,534} | (109,216) | |||
| Adjustments for: |
|||||
| Other interest receivable and similar income | (2,292) | (1,575) | |||
| Interest payable and similar |
charges | 185 | 129 | ||
| Accrued expenses/(income) | 15,948 | (4,224) | |||
| Changes in: | |||||
| Trade and other debtors | 39,929 | (586) | |||
| Trade and other creditors | 219 | (570} | |||
| Cash generated from operations |
2,455 | (116,042) | |||
| Interest paid | (185} | (129) | |||
| Interest received | 2,292 | 1,575 | |||
| Net cash from/(used in) operating |
activities | 4„582 | (114,596} | ||
| Cash flows from investing | activities | ||||
| Purchases ofother investments |
(1,536} | ||||
| Proceeds from sale ofother | investments | ||||
| Net cash from/(used in) investing |
activities | (1,5M) | |||
| Net increase/(decrease) in |
cash | and cash | equivalents | 4,584 | (116,132) |
| Cash and cash equivalents | at beginning | ofyear | 555,459 | 671,691 | |
| Cash and cash equivalents | at end ofyear | 569,945 | 555,459 |
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||
|---|---|---|---|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | |||||
| F | ||||||||
| Donations | ||||||||
| Assessment | or Share | 467,808 | ¹67,808 | 470,147 | 470,147 | |||
| Church contribution | -cost of | |||||||
| layworkers | 25,000 | 25,000 | 18,750 | 18,750 | ||||
| Other grants | and donations | 27,693 | 27,693 | 1,502 | 1,502 | |||
| Other income | 1,430 | 1,430 | ||||||
| Grants | ||||||||
| CJRS receipts | 1,459 | |||||||
| 520,501 | 520,501 | 493,288 | 493,288 | |||||
| 5. | Charitable | activities | ||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||
| Funds | 2022 | Funds | 2021 | |||||
| Rental income | 16,848 | 16,848 | 11,239 | 11,239 | ||||
| 6. | Investment | income | ||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||
| Funds | 2022 | Funds | 2021 | |||||
| Bank interest | receivable | 1,070 | 1,070 | 412 | 412 | |||
| Investment | income | 1,222 | 1 222 | 1,163 | 1,163 | |||
| 2,292 | 2,292 | 1,575 | 1,575 |
| Expenditure on |
charitable activ |
ities by fund type | |||
|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2022 | Funds | 2021 | ||
| Direct charitable | activities | 589,650 | 589,650 | 613,629 | 613,629 |
| Support costs | 1,525 | 1,525 | 1,689 | 1,689 | |
| 591,1?5 | 591,1?5 | 615,318 | 815,318 |
| 8. | Expenditure | on | charitabl | e acti |
vities by activity type | |||
|---|---|---|---|---|---|---|---|---|
| Activities | ||||||||
| undertaken | Support | Total funds | Total fund | |||||
| directly | costs | 2022 | 2021 | |||||
| Direct charitable | activities | 589,650 | 589„650 | 613,629 | ||||
| Governance | costs | 1,525 | 1,525 | 1,689 | ||||
| 589,650 | 1,525 | 691,175 | 616,818 | |||||
| 9. | Independent | examination | fees | |||||
| 2021 | ||||||||
| Fees payable | to | the independent | examiner for: | |||||
| Independent | examination | ofthe | financial statements | 1,100 | 1,100 |
| The average head | count ofemployees | count ofemployees | during the year was 11(2021: | 12).The average | number | of |
|---|---|---|---|---|---|---|
| full-time equivalent | employees | during | the year is analysed as follows; | |||
| 2022 | 2021 | |||||
| No. | No. | |||||
| Number ofstaff | 11 | 12 |
| No remuneration or other benefits from employment with the received by the trustees, Tangible fixed assets |
charity or a related entity were |
|---|---|
| Land and | |
| buildings | |
| R | |
| Cost | |
| At 1 September 2921 and 31August 2022 | 1,828,'181 |
| Depreciation | |
| At 1 September 2021 and 31August 2022 | |
| Carrying amount |
|
| At 31August 2022 | 1,528,181 |
| At 31 August 2021 | 1,628,161 |
| investments Year ended 31August 2022 |
|
|---|---|
| Cash or | |
| cash | |
| equivalents | |
| Cost or valuation | |
| At 1 September 2021 | 20,830 |
| Additions | |
| Dlsposals | (22) |
| At 31August 2022 | 20,808 |
| Impairment | |
| At 1September 2021 and 31August 2022 | |
| Carrying amount |
|
| At 31August 2022 | 20,808 |
| At 31 August 2021 | 20,830 |
| All investments shown above are held at valuation. |
| 14. | All investments Debtors |
shown | above are held at valuation. | ||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Prepayments | and accrued income | 13,511 | 12,465 | ||
| Other debtors | - Loans by Circuit | 40,975 | |||
| 13,511 | 53,440 | ||||
| 15. | Creditors: amounts | falling due within one year | |||
| 2022 | 2021 | ||||
| Trade creditors | 13,038 | 12,820 | |||
| Accruals and | deferred | income | 134,458 | 118,508 | |
| 147,495 | 131,328 |
| Unrestricted | funds | |||||
|---|---|---|---|---|---|---|
| At | At | |||||
| 1 September | 31August 2 | |||||
| 2021 | Income | Expenditure | Transfers | 022 | ||
| R | ||||||
| Unrestricted | funds- | |||||
| General funds | 1,140,765 | 538,517 | (580,571) | 59,029 | 1,157,740 | |
| Unrestricted | funds- | |||||
| Circuit Model Trust | ||||||
| Fund | 247,945 | 1,124 | (10,604) | (59,029) | 179,436 | |
| Revaluation | reserve | 737,852 | 737,852 | |||
| 2,126,562 | 539,641 | {691,175) | 2075,028, | |||
| At | At | |||||
| 1 September | 31 August 20 | |||||
| 2020 | Income | Expenditure | Transfers | 21 | ||
| F | ||||||
| Unrestricted | funds- | |||||
| General funds | 1,132,301 | 504,939 | (595,915) | 99,440 | 1,140,765 | |
| Unrestricted | funds- | |||||
| Circuit Model | Trust | |||||
| Fund | 365,625 | 1,163 | (19,403) | (99,440) | 247,945 | |
| Revaluation | reserve | 737,852 | 737,852 | |||
| 2,235,778 | 506,102 | (615,318) | — | 2,126,562 |
| Analysis of net as | sets between funds | ||
|---|---|---|---|
| Unrestricted | Total Funds | ||
| Funds | 2022 | ||
| Tangible fixed assets | 1,628,161 | 1,628„181 | |
| Investments | 20,808 | 20,808 | |
| Current assets | 573,554 | 573,554 | |
| Creditors less than | 1 year | (147,405) | (147,495) |
| 2,075,028 | 2,075,028 | ||
| Unrestricted | Total Funds | ||
| Funds | 2021 | ||
| f. | |||
| Tangible fixed assets | 1,628,161 | 1,628,161 | |
| Investments | 20,830 | 20,830 | |
| Current assets | 608,899 | 608,899 | |
| Creditors less then | 1year | (131,328) | (131,328) |
| Net assets | 2,126,562 | 2,126,562 |
| Analy | sis | ofc | han | ges | in net debt |
|||||
|---|---|---|---|---|---|---|---|---|---|---|
| At | At | |||||||||
| 1 | Sep 2021 | Cash flows | 31Aug | 2M2 | ||||||
| E | R | |||||||||
| Cash | at | bank | and | in | hand | 655,459 | 4,584 | 580,043 |
| Income and endowments | Income and endowments | |||
|---|---|---|---|---|
| Donations and legacies |
||||
| Assessment or Share |
467,808 | 470,147 | ||
| Church contribution -cost of layworkers |
25,000 | 18,750 | ||
| Other grants and donations | 27,693 | 1,502 | ||
| Other income | 1,430 | |||
| CJRS receipts | 1,459 | |||
| 520,501 | 493,288 | |||
| Charitable activities |
||||
| Rental income | 16,848 | 11,239 | ||
| Investment income |
||||
| Bank interest receivable | 1,070 | 412 | ||
| Investment income |
1 222 | 1,163 | ||
| 2,292 | 1,575 | |||
| Total income | 606,102 | |||
| Expenditure | ||||
| Expenditure on charitable |
activities | |||
| Wages and salaries | 309,177 | 328,777 | ||
| Employer's NIC |
17,590 | 17,831 | ||
| Ministerial pension fund |
contribution | M,000 | ||
| Rates and water | 25,857 | 26,823 | ||
| Repairs and maintenance | 42,083 | 33,729 | ||
| Insurance | 5,869 | 5,698 | ||
| Other establishment | 1,930 | 1,660 | ||
| Other motor/travel costs |
4,787 | 4,825 | ||
| Legal and professional | fees | 1,448 | 1,560 | |
| Telephone | 4,970 | 4,994 | ||
| Other oNce costs | 14,235 | 21,420 | ||
| Other interest payabie and simiiar charges | 185 | 129 | ||
| District assessment | 95,056 | 93,520 | ||
| Circuit/district payments |
9„897 | 18,672 | ||
| Other grants and donations | 39,531 | 55,680 | ||
| Donation returned |
(116,440) | |||
| 591,175 | 615,318 | |||
| Total expenditure | 551,'l75 | 616,3'l6 | ||
| Net expenditure | (51,536) | (106,216) |
| Expenditure on charitable |
Expenditure on charitable |
activities | ||
|---|---|---|---|---|
| Direct charitable activities |
||||
| Activities undertaken | directly | |||
| Wages and salaries | 309,177 | 328,777 | ||
| Employer's NIC |
17,590 | 17,831 | ||
| Ministerial pension fund |
contribution | M,000 | ||
| Utilities | 25,857 | 26,823 | ||
| Repairs 8 maintenance | 42,083 | 33,729 | ||
| Insurance | 5,889 | 5,698 | ||
| Other establishment costs |
1,930 | 1,660 | ||
| Other motor/travel costs |
4,787 | 4,825 | ||
| Legal and professional | fees | 108 | ||
| Telephone | 4,970 | 4,994 | ||
| Other office costs | 14,235 | 21,420 | ||
| District assessment | 95,058 | 93,520 | ||
| Circuit/district payments |
9,897 | 18,672 | ||
| Other grants and donations | 39,531 | 55,680 | ||
| Donation returned |
(18,449) | |||
| 589,850 | 613,629 | |||
| Governance costs | ||||
| Governance costs - accountancy fees |
1,340 | 1,560 | ||
| Bank charges | 185 | 129 | ||
| 1,525 | 1,689 | |||
| Expenditure on charitable |
activities | 615,318 |