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||||Page|
|---|---|---|---|
|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|
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|||||||2023|||
|---|---|---|---|---|---|---|---|---|
||||||Note||||
|Fixed assets|||||||||
|Tangible fixed assets|||||||2,226,000|1,628,161|
|Investments|||||||20,850|20,808|
||||||||2,246,850|1,648,969|
|Current, assets|||||||||
|Debtors|||||14|12,769||13,511|
|Cash at bank and|in|hand||||836,939||560,043|
|||||||849,708||573,554|
|Creditors: amounts||falling||due within one year|15|106,318||147,495|
|Net current assets|||||||743,390|426,059|
|Total assets less|current|||liabilities|||2,990,240|2,075,028|
|Net assets|||||||2,990,240|2,075,028|
|Funds ofthe charity|||||||||
|Unrestricted
funds:|||||||||
|Revaluation|reserve|||||1,335,691||737,852|
|Other unrestricted|||income funds|||1,654,549||1,337,176|
|Total unrestricted|funds||||||2,990,240|2,075,028|
|Total charity funds|||||||2,990,240|2,075,028|
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|Cash flows from operating|activities|activities||||
|---|---|---|---|---|---|
|Net income/(expenditure)||||317373|(51,534)|
|Adjustments
for:||||||
|Other interest receivable and similar income||||(22,449)|(2,292)|
|Interest payable
and similar|charges|||114|185|
|Accrued (income}/expenses||||(48„663)|15,948|
|Changesin:||||||
|Trade and other debtors||||742|39,929|
|Trade and other creditors||||'7,486|219|
|Cash generated
from operations||||254,603|2,455|
|Interest paid||||(114)|(185)|
|Interest received||||22,449|2,292|
|Net cash from operating
activities||||276,938|4,562|
|Cash flows from Investing|activities|||||
|Purchases
ofother investments||||(660)||
|Proceeds from sale ofother|investments|||618||
|Net cash (used in}/from investing||activities||(42)||
|Net increase
in cash and cash||equivalents||276,696|4,584|
|Cash and cash equivalents|at beginning||ofyear|560,043|555,459|
|Cash and cash equivalents|at end ofyear|||SM,939|560,043|
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|4.|Donations|and|lega|cies||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||||Funds|2023|Funds|2022|
||Donations|||||||||
||Assessment|or Share||||449,619|449,619||467,808|
||Church contribution|||-cost|of|||||
||layworkers|||||25,000|25,000|25,000|25,000|
||Other grants and donations|||||6,858|6,858|27,693|27,693|
||Sale of Bunbury||and|Tiverton||||||
||churches|||||466,807|466,807|||
|||||||948,284|948,284|520,501|520,60'I|
|5.|Charitable|activities||||||||
|||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||||Funds|2023|Funds|2022|
||Rental income|||||26,873|26,873|16,848|16,848|
|6.|Investment|income||||||||
|||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||||Funds|2023|Funds|2022|
|||||||||E|F|
||Bank interest receivabie|||||10,379|'I0,379|1,070|1,070|
||investment|income||||12,070|12,070|1,222|1,222|
|||||||22,449|22,449|2,292|2,292|
|7.|Expenditure|on|charitable||activities|by fund type||||
|||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||||Funds|2023|Funds|2022|
||||||||||E|
||Direct charitable||activities|||678,779|678,779|589,650|589,650|
||Support costs|||||1,454|1,454|1,525|1,525|
|||||||680,233|680,233|591,175|591,175|
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|8.|Expenditure|on|charitabl|e
acti|vities
by activity type||||
|---|---|---|---|---|---|---|---|---|
||||||ACtlvl tIeS||||
||||||undertaken|Support|Total funds|Totai fund|
||||||directly|costs|2023|2022|
||Direct charitable||activities||678,779||678,779|589,650|
||Governance|costs||||1,454|1,454|1,525|
||||||678,779|1,454|680,233|591,175|
|9.|independent|examination||fees|||||
||||||||2023|2022|
||Fees payable|to|the independent||examiner for:||||
||Independent|examination||ofthe|financial statements||1,100|1,100|
##
|full-time|
equivalent
employees
during the year|
is analysed
as follows:||
|---|---|---|---|
|||2023|2022|
|||No.|No.|
|Number|ofstaff|11|11|
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|Tangible fixed assets||
|---|---|
||Land and|
||buildings|
|Cost||
|At 1 September 2022|1,628,161|
|Revaluations|597„839|
|At 31August 2023|2,228,000|
|Depreciation
At 1 September 2022 and 31August 2023||
|Carrying
amount||
|At 31August 2023|2,228,000|
|At 31 August 2022||
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|investments||
|---|---|
||Cash or|
||cash|
||equivalents|
|Cost or valuation||
|At 1 September 2022|20,808|
|Additions|660|
|Disposals|(618)|
|At 31August 2023|20,850|
|Impairment||
|At 1 September 2022 and 31August 2023||
|Carrying
amount||
|At 31August 2023|20,850|
|At 31 August 2022|20,808|
|14.|All investments
Debtors|shown|above are held at valuation.|||
|---|---|---|---|---|---|
|||||2023|2022|
|||||E|F|
||Prepayments|and accrued income||12,769|13,511|
|15.|Creditors: amounts||falling due within one year|||
|||||2023|2022|
||Trade creditors|||20„525|13,039|
||Accruais and|deferred|income|85,793|134,456|
|||||106,318|147,495|
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||At||||Gains and|At|31Aug|
|---|---|---|---|---|---|---|---|
||1 Sep 2022|Income|Expenditure|Transfers|losses||2023|
||F|||||||
|Unrestricted||||||||
|funds - General||||||||
|funds|1,157,740|519,365|(535,302)|81,000||||
|Unrestricted||||||||
|funds - Circuit||||||||
|Model Trust Fund|179,436|478,241|(144,931)|(81,000)||431,746||
|Revaluation||||||||
|reserve|737,852||||597,839|1,335,691||
||2,075,028|997,606|(680,233)||597,839|2,990„240||
||At||||Gains and|At|31Aug|
||1 Sep 2021|Income|Expenditure|Transfers|losses||2022|
||||E||F||F|
|Unrestricted||||||||
|funds - General||||||||
|funds|1,140,765|538,517|(580,571)|59,029||1,157,740||
|Unrestricted||||||||
|funds " Clrcu('t||||||||
|Model Trust Fund|247,945|1,124|(10,604)|(59,029)||179,436||
|Revaiuation||||||||
|reserve|737,852|||||737,852||
||2,126,562|539,641|(591,'I75)|||2,075,028||
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|Analysis ofnet as|sets between funds|||
|---|---|---|---|
|||Unrestricted|Total Funds|
|||Funds|2023|
|Tangible fixed assets||2,226,000|2,226,000|
|Investments||20,850|20,850|
|Current assets||849,708|849,708|
|Creditors less than|1 year|(106,318)|(106,318)|
|Net assets||2,990,240|2,990,280|
|||Unrestricted|Totai Funds|
|||Funds|2022|
|Tangibie fixed assets||1,628,161|1,628,161|
|Investments||20,808|20,808|
|Current assets||573,554|573,554|
|Creditors less than|1 year|(147,495)|(147,495)|
|||2,075,028|2,075,028|
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|Income and endowments|Income and endowments||||
|---|---|---|---|---|
|Donations
and legacies|||||
|Assessment
or Share|||449,619|467,808|
|Church
contribution
-|cost of layworkers||25,000|25,000|
|Other grants and donations|||6„858|27,693|
|Sale of Bunbury
and|Tiverton churches||466,807||
||||948,284|520,501|
|Charitable
activities|||||
|Rental income||||16,848|
|Investment
income|||||
|Bank interest receivable|||10,379|1,070|
|Investment
income|||12,070|1,222|
||||22,449|2,292|
|Total income||||539,641|
|Expenditure|||||
|Expenditure
on charitable||activities|||
|Wages and salaries|||306,400|306,735|
|Employer's
NIC|||15,444|17,590|
|Pension costs|||3,078|2,442|
|Other post-retirement|benefits|||35,000|
|Rates and water|||25,721|25,857|
|Repairs and maintenance|||46,581|42,083|
|Insurance|||6,397|5,869|
|Other establishment|||6,250|1,930|
|Other motor/travel
costs|||7,898|4,787|
|Legal and professionai|fees||1,009|1,448|
|Telephone|||5,294|4,970|
|Other office costs|||13„929|14,235|
|Other interest payable|and similar charges||114|185|
|Distdct assessment|||96„199|95,056|
|Circuit/district
payments|||6,472|9,897|
|CPF levy taken|||137,947||
|Other grants and donations|||1,500|39,531|
|Donation
returned||||(16,440)|
||||680,233|591,175|
|Total expenditure||||591,175|
|Net income/(expenditure)||||(51,534)|
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|||||2023||
|---|---|---|---|---|---|
|Expenditure
on charitable||activities||||
|Direct charitable
activities||||||
|Activities undertaken|directly|||||
|Wages and salaries||||306,400|306,736|
|Employer's
NIC||||15„444|'l7,690|
|Pension casts||||3,078|2,442|
|Ministerial
pension
fund|contribution||||35,000|
|Utilities||||25,721|25,857|
|Repairs 8 maintenance||||46,581|42,083|
|lnsuf'ance||||6,397|5,869|
|Gther establishment
costs||||6,250|1,930|
|Gther motor/travel
costs||||?,898|4,?87|
|Legal and professional|fees|||{331)|108|
|Telephane||||5,294|4,970|
|Gther office costs||||13,929|14,235|
|District assessment||||96,199|95,056|
|Circuit/district
payments||||6,472|9,897|
|CPF levy taken||||137,947||
|Gther grants and donations||||1„500|39,531|
|Donation
returned|||||{16,440)|
|||||6?8,779|589,650|
|Governance costs||||||
|Governance
costs - accountancy|||fees|1,340|1,340|
|Bank charges||||114|185|
|||||1,454|1,525|
|Expenditure
on charitable||activities||680,233||