Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees/ Charity Name members of Church of The Martyrs, Leicester On accounts for the year 31[st] December 2022 Charity no ended (if any) Set out on pages (remember to include the page numbers of additional sheets)
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended DD / MM / YYYY . Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the examination I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
- Please delete the words in the brackets if they do not apply.
Date: 20.03.23
Signed: Name: Colin Wood Relevant professional Member of the Association of Accounting Technicians qualification(s) or body (if any): Address: 16 Wordsworth Rd Loughborough Leics LE11 4LQ
Oct 2018
IER
1
Section B Disclosure
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of any items that the examiner wishes to disclose .
Oct 2018
IER
2
CHURCH OF THE MARTYRS LEICESTER Registered Charity no 1134668
ACCOUNTS FOR THE YEAR ENDED 31[st] DECEMBER 2022
CONTENTS
Page 2 Statement of Accounting Policies Page 4 Statement of Financial Activities Page 5 Balance Sheet as at 31[st] December 2022 Page 6 Notes to the Accounts
Examined 20 March 2023
Registered Charity no 1134668
Page 1 of 8
CHURCH OF THE MARTYRS, LEICESTER Notes to the Financial Statements for the year ended 31[st] December 2022
Note 1:
Accounting Policies
These Accounts have been prepared in accordance with Church Accounting Regulations 2006 together with applicable Accounting Standards and the Charities SORP 2005.
The Financial Statements have been prepared in accordance with the historical cost convention.
Scope of the Accounts
The Accounts combine the results of the Church, Hall and associated funds for the year. The Accounts include monetary transactions, assets and liabilities for which the PCC can be held responsible.
Funds
Unrestricted funds [general fund] represent the funds of the PCC that are not subject to any special restrictions regarding their use.
Restricted funds represent income and donations from individuals or groups which, may be expended only on the specific object for which they were given. Any balance remaining unspent at the end of each year must be carried forward as a balance on that fund. At the start of 2022 there were 5 active Restricted Funds: Children and Families Worker Fund, Money Matters fund, Baby Basics fund, Organ fund (donations for the church organ), and Mission Partnership fund. This did not change during the year.
Designated Funds have been designated by the PCC and as such could be ‘undesignated’ in the future. At the start of 2022 there were 3 active Designated Funds: the Hall fund, Buildings Development fund and Tithe fund (to hold unspent tithe monies). This did not change during the year.
The Accounts include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the Accounts of Church groups that owe their main affiliation to another body or those that are informal gatherings of church members.
Incoming Resources
-
Collections are recognised when received by or on behalf of the PCC
-
Planned giving is recognised only when received
-
Income Tax recoverable on Gift Aid donations is recognised when the income to which it relates is received
-
All funds raised from events are accounted for gross
-
Interest entitlements are accounted for as they accrue
-
Grants and legacies are accounted for when the PCC is legally entitled to the amounts due.
Resources used
Outgoing donations made are accounted for when paid. The Parish Share is accounted for when paid, although any unpaid amount at 31st December is provided for in these financial statements as an operational (though not legal) liability and as such would be shown as a
Examined 20 March 2023
Registered Charity no 1134668
Page 2 of 8
creditor in the balance sheet. All other expenditure is recognised when it is incurred and is accounted for gross.
Fixed Assets
Consecrated and beneficed property is not included in the accounts in accordance with s96(2)(a) of the Charities Act 1993. Movable church furnishings held by the vicar and churchwardens on special trust of the PCC and which require a faculty for disposal are inalienable property, listed in the church’s inventory, which can be inspected (at any reasonable time).
Items acquired before 2000 are not included in the accounts either because there is insufficient cost information available or the value is considered too low. The expenditure on individual items and equipment under £1,500 is written off when incurred.
The church does record 5 fixed assets, which are over the £1,500 threshold. Depreciation is applied on a ‘straight line’ basis over the likely lifespan of each item, based on advice from suppliers. The 5 items are the electronic organ (25 years lifespan), and the main audio visual (AV) projector, sound desk, photocopier and church chairs (all 10 years lifespan).
The church (rather than the Diocese) also owns the Martyrs’ Community Hall which was built later than the church and paid for by parishioner fundraising. This is noted here, but not shown as a fixed asset in the accounts as the value is uncertain.
Examined 20 March 2023
Registered Charity no 1134668
Page 3 of 8
Church of the Martyrs, Leicester – Statement of Financial Activities – Year Ending 31[st] December 2022
| Statement of Financial | Unrestricted | Designated | Restricted | Total | Designated | Restricted | Restricted | PCC Total | PCC Total |
|---|---|---|---|---|---|---|---|---|---|
| Activites | Church | Church | Church | Church | **Hall ** | oney Matters | Baby Basics | 2022(£) | 2021(£) |
| General Fund | Buildings | Ch&Fam | |||||||
| Tithe | Organ | ||||||||
| Incoming Resources | |||||||||
| Voluntaryincome(note 2a) | 127,196 | - | 13,873 | 141,069 | 4,737 | 3,585 | 36,095 | 185,486 | 182,459 |
| Investment income(note 2b) | 406 | - | - | 406 | - | - | - | 406 | 16 |
| Income from Charitable Activities (note 2c) |
645 | - | - | 645 | 25,984 | - | 789 | 27,418 | 20,103 |
| Other IncomingResources(note 2d) | - | - | - | - | - | - | 886 | 886 | 1,805 |
| Total Incoming Resources | 128,247 | - | 13,873 | 142,120 | 30,721 | 3,585 | 37,770 | 214,196 | 204,383 |
| Resources Expended | |||||||||
| Cost of GeneratingFunds(note 3a) | 54 | - | - | 54 | (96) | - | 156 | 114 | 369 |
| Grants(note 3b) | 795 | 6,149 | - | 6,944 | - | 1,260 | 9,203 | 17,407 | 18,988 |
| Activities directly related to Church Work(3c) |
112,808 | 537 | 16,967 | 130,313 | 38,581 | 3,033 | 25,834 | 197,761 | 166,622 |
| Total Resources Expended | 113,657 | 6,686 | 16,967 | 137,310 | 38,485 | 4,293 | 35,193 | 215,281 | 185,979 |
| Net incomingresources | 14,590 | 6,686 - |
3,094 - |
4,810 | (7,764) | 708 - |
2,577 | 1,085 - |
18,404 |
| Transfers between funds (note 4 below) |
8,126 - |
6,500 | 1,626 - |
1,800 | 987 - |
813 | - | - | |
| Net movement in funds | 6,464 | 186 - |
3,094 - |
3,184 | 5,964 - |
1,695 - |
3,390 | 1,085 - |
18,404 |
| Total funds brought forward | 64,928 | 2,970 | 7,556 | 75,454 | 9,157 | 16,796 | 32,020 | 133,427 | 117,245 |
| Total funds carried forward | 71,392 | 2,784 | 4,462 | 78,638 | 3,193 | 15,101 | 35,410 | 132,342 | 135,649 |
| Note 4: Fund transfers were: | |||||||||
| General to Tithe fund(tithes) | 8,126 | ||||||||
| Tithe fund to MoneyMatters(tithe) | 813 | ||||||||
| Tithe fund to BabyBasics(tithe) | 813 | ||||||||
| MoneyMatters to Hall fund(rent) | 1,800 |
Examined 20 March 2023 Registered Charity no 1134668
Page 4 of 8
Church of the Martyrs, Leicester – Balance Sheet for the year ended 31[st] December 2022
| Balance Sheet | Unrestricted | Designated | Restricted | PCC Total | PCC Total |
|---|---|---|---|---|---|
| Church | Church Dev, Hall, Tithe | Organ, MP, MM, BB, CH&Fam |
2022(£) | 2021(£) | |
| Fixed Assets - Equipment(note 5) | 2,515 | 2,152 | 3,276 | 7,943 | 13,371 |
| Current Assets | |||||
| Cash at bank and hand | 62,783 | 5,468 | 54,895 | 123,146 | 120,513 |
| Debtors - Tax reclaimable(note 6) | 8,610 | - | 1,013 | 9,622 | 8,196 |
| Debtors -general(note 6) | 985 | 733 | - | 1,718 | 1,612 |
| Total | 72,378 | 6,201 | 55,908 | 134,486 | 130,321 |
| Current Liabilities(note 7) | |||||
| Agencycollections | 44 - |
- | - | 44 - |
337 - |
| Creditors -general | 3,457 - |
2,376 - |
1,990 - |
7,824 - |
4,145 - |
| Total | 3,501 - |
2,376 - |
1,990 - |
7,868 - |
4,482 - |
| Total Net Assets | 71,393 | 5,976 | 57,194 | 134,563 | 135,649 |
| Represented by Funds | |||||
| Unrestricted | |||||
| General fund | 71,393 | 71,393 | 64,928 | ||
| Designated | |||||
| Hall Fund | 3,193 | 3,193 | 9,157 | ||
| Church Development Fund | 540 | 540 | 1,077 | ||
| Tithe Fund | 2,244 | 2,244 | 1,893 | ||
| Restricted | |||||
| BabyBasics | 35,409 | 35,409 | 32,020 | ||
| Mission PartnershipFund | 2,222 | 2,222 | 2,222 | ||
| MoneyMatters Fund | 15,101 | 15,101 | 16,796 | ||
| Organ | 3,276 | 3,276 | 3,744 | ||
| Children & Families Worker | 1,185 | 1,185 | 3,812 | ||
| Balances at 31 December | 71,393 | 5,976 | 57,194 | 134,563 | 135,649 |
Approved on behalf of the PCC ……………………………… Name: Bertin Hermo, Vicar CHURCH OF THE MARTYRS, LEICESTER .
Date: ………………………….
Examined 20 March 2023
Registered Charity no 1134668
Page 5 of 8
Church of the Martyrs, Leicester – Notes to the Accounts for the year ended 31[st] December 2022
Note 2:
| Note 2: | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Incoming Resources Detail | Unrestricted | Designated | Restricted | Total | Designated | Restricted | Restricted | PCC Total | PCC Total |
| Church | Church | Church | Church | Hall | Money Matters | Baby Basics | 2022(£) | 2021(£) | |
| General Fund | Buildings | Ch&Fam | |||||||
| Tithe | Organ | ||||||||
| 2a Voluntary Income | |||||||||
| General donations Gift Aid | 28,929.23 | 1,715.00 | 30,644.23 | 190.00 | 30,834.23 | 31,127.84 | |||
| Donationsgross via CAF | - | - | - | ||||||
| Donationsgross via PGS | 60,378.89 | 60,378.89 | 60,378.89 | 58,475.45 | |||||
| Income tax recoverable on Gift Aid | 8,614.80 | 942.72 | 9,557.52 | 10.00 | 110.00 | 9,677.52 | 10,792.00 | ||
| Credit Card or online donations | |||||||||
| General donations(non Gift Aid) | 5,112.38 | 280.00 | 5,392.38 | 2,070.00 | 6,000.00 | 13,462.38 | 11,998.82 | ||
| Cash Collections | 3,732.12 | 3,732.12 | 152.00 | 3,884.12 | 960.79 | ||||
| Special or one off Donations Gift Aid | 41.00 | 2,435.00 | 2,476.00 | 40.00 | 525.00 | 3,041.00 | 7,200.00 | ||
| One off and credit card Donations non Gift Aid | 5,998.00 | 5,998.00 | 35.00 | 2,968.94 | 9,001.94 | 5,526.58 | |||
| Grants & Legacies | 3,087.00 | 8,500.00 | 11,587.00 | 2,667.00 | 3,500.00 | 26,148.70 | 43,902.70 | 51,054.19 | |
| Grants - IWC | 11,302.94 | 11,302.94 | 11,302.94 | 5,323.26 | |||||
| Total | 127,196.36 | - | 13,872.72 | 141,069.08 | 4,737.00 | 3,585.00 | 36,094.64 | 185,485.72 | 182,458.93 |
| 2b Investment Income | |||||||||
| Bank/CBF Interest | 406.13 | 406.13 | 406.13 | 16.08 | |||||
| Total | 406.13 | - | - | 406.13 | - | - | - | 406.13 | 16.08 |
| 2c Income from Charitable Activities | |||||||||
| PCC Fees(Weddings,Baptisms,Funerals) | 428.00 | 428.00 | 428.00 | 891.00 | |||||
| Hire/Lettings of buildings | - | 25,984.07 | 25,984.07 | 19,182.40 | |||||
| TradingIncome and Cost Reimbursement | 217.36 | 217.36 | 789.41 | 1,006.77 | 30.00 | ||||
| Parish Holiday | - | - | - | ||||||
| Total | 645.36 | - | - | 645.36 | 25,984.07 | - | 789.41 | 27,418.84 | 20,103.40 |
| 2d Other | |||||||||
| Social and FundraisingEvents | - | 886.00 | 886.00 | 1,805.18 | |||||
| Miscellaneous Income | - | - | - | ||||||
| Insurance Claims | - | - | - | ||||||
| Total | - | - | - | - | - | - | 886.00 | 886.00 | 1,805.18 |
| Total Incoming Resources | 128,247.85 | - | 13,872.72 | 142,120.57 | 30,721.07 | 3,585.00 | 37,770.05 | 214,196.69 | 204,383.59 |
Examined 20 March 2023
Registered Charity no 1134668
Page 6 of 8
Note 3:
| Note 3: | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Resources Expended Detail | Unrestricted | Designated | Restricted | Total | Designated | Restricted | Restricted | PCC Total | PCC Total |
| Church | Church | Church | Church | **Hall ** | Money Matters | Baby Basics | 2022(£) | 2021(£) | |
| General Fund | Buildings | Ch&Fam | |||||||
| Tithe | Organ | ||||||||
| 3a Cost of Generating Funds | |||||||||
| Social Events,Envelopes,credit card fees | 54.48 | 54.48 | 96.11 - |
156.05 | 114.42 | 368.94 | |||
| Total | 54.48 | - | - | 54.48 | 96.11 - |
- | 156.05 | 114.42 | 368.94 |
| 3b Grants | |||||||||
| Tithespaid out | 6,148.98 | 6,148.98 | 6,148.98 | 8,003.00 | |||||
| Other Donations | 794.65 | 794.65 | 1,260.00 | 9,203.15 | 11,257.80 | 10,985.27 | |||
| Total | 794.65 | 6,148.98 | - | 6,943.63 | - | 1,260.00 | 9,203.15 | 17,406.78 | 18,988.27 |
| 3c Activities directly related to Church Work | |||||||||
| Parish Contribution | 63,000.00 | 63,000.00 | 63,000.00 | 72,812.00 | |||||
| Remuneration Costs(inc temporary) | 5,566.57 | 16,382.99 | 21,949.56 | 15,838.02 | 7,930.44 | 45,718.02 | 42,848.11 | ||
| Clergyand Staff Expenses | 1,023.05 | 116.28 | 1,139.33 | 1,139.33 | 1,500.57 | ||||
| IWC Staff and Event Spending | 3,244.73 | 3,244.73 | 3,244.73 | - | |||||
| Intern Trainingand Accomodation | - | - | 4,400.00 | ||||||
| Mission: Children and Youth inc HolidayClub | 911.87 | 911.87 | 911.87 | 1,154.11 | |||||
| Mission: Other events,Alpha etc | 317.82 | 317.82 | 317.82 | 470.88 | |||||
| Staff Trainingand Conferences | 2,598.00 | 2,598.00 | 613.43 | 3,211.43 | 1,400.00 | ||||
| Office: Photocopying,Broadband,stationery | 2,236.96 | 2,236.96 | 255.28 | 727.93 | 1,356.14 | 4,576.31 | 2,683.68 | ||
| External Printing,Publicity,Website | 8,847.78 | 8,847.78 | 75.00 | 108.00 | 9,030.78 | 558.13 | |||
| Consumables and CleaningEquipment | 610.51 | 610.51 | 1,497.42 | 2,107.93 | 1,547.04 | ||||
| Insurance Premiums | 3,320.95 | 3,320.95 | 2,214.00 | 198.81 | 5,733.76 | 5,952.60 | |||
| Fees: Subs,Licenses,Membership,PRS | 1,105.28 | 1,105.28 | 402.76 | 1,272.10 | 300.00 | 3,080.14 | 2,519.01 | ||
| Equipment: Computers,furniture etc | 73.97 | 73.97 | 163.24 | 1,572.19 | 1,809.40 | 2,507.13 | |||
| Equipment: Worship (PA etc) | 33.00 | 33.00 | 33.00 | - | |||||
| Worshipand Service Resources,Manuals,Books | 2,668.71 | 2,668.71 | 12.82 | 56.50 | 2,738.03 | 1,559.96 | |||
| Fixed Asset Depreciation | 860.15 | 537.00 | 468.00 | 1,865.15 | 1,865.15 | 1,865.15 | |||
| General Maintenance | 4,747.43 | 4,747.43 | 7,888.37 | 12,635.80 | 13,012.44 | ||||
| Premises: Rental,legal and valuations | - | 12,764.10 | 12,764.10 | 2,844.00 | |||||
| Utilities | 11,406.54 | 11,406.54 | 10,397.80 | 1,803.61 | 23,607.95 | 7,890.45 | |||
| PCC Expenses and Governance Costs | 10.30 | 10.30 | 10.30 | 65.76 | |||||
| Major orQuinquennial Work | - | - | - | ||||||
| Bank Charges | 224.85 | 224.85 | 224.85 | 247.80 | |||||
| Other Expenses | - | 0.90 | 0.90 | 183.50 | |||||
| Total | 112,808.47 | 537.00 | 16,967.27 | 130,312.74 | 38,581.47 | 3,032.91 | 25,834.48 | 197,761.60 | 166,622.32 |
| Total Resources Expended | 113,657.60 | 6,685.98 | 16,967.27 | 137,310.85 | 38,485.36 | 4,292.91 | 35,193.68 | 215,282.80 | 185,979.53 |
Examined 20 March 2023
Registered Charity no 1134668
Page 7 of 8
Notes to the Accounts for the year ended 31[st] December 2022
Note 4: For details of Fund transfers, see Note 4 on the summary SOFA page.
Note 5: Fixed Assets
| Note 5: Fixed Assets | ||||||
|---|---|---|---|---|---|---|
| Fixed Assets | ||||||
| (a) Tangible | Electric Organ |
A/V system |
Sound Desk |
Copier |
Church Chairs |
Total |
| Actual Cost | ||||||
| At 1 January2022 | 11,700 | 19,150 | 3,600 | 2,907 | 5,374 | 42,731 |
| Additions | 0 | |||||
| Disposals | 0 | |||||
| At 31 December 2022 | 11,700 | 19,150 | 3,600 | 2,907 | 5,374 | 42,731 |
| Depreciation | ||||||
| At 1 January2022 | 7,956 | 17,881 | 3,240 | 1,160 | 2,685 | 32,922 |
| Additions | 468 | 210 | 360 | 290 | 537 | 1,865 |
| Disposals | ||||||
| At 31 December 2022 | 8,424 | 18,091 | 3,600 | 1,450 | 3,222 | 34,787 |
| Net Book Value at 31 December 2022 | 3,276 | 1,059 | 0 | 1,457 | 2,152 | 7,944 |
| Net Book Value at 31 December 2021 | 3,744 | 1,269 | 360 | 1,747 | 2,689 | 9,809 |
Note 6:
Debtors consist of Gift Aid tax recoverable and general debtors (for example Hall users). The stated Gift Aid tax owing at the end of 2022 matches the tax claim made in February 2023.
Note 7: Liabilities consist of Agency collections (those collected for others but not yet paid over), invoices not yet paid, deposits held (including for the 2023 Church Holiday), and accruals.
The total Parish Contribution offer the Martyrs made for 2022 was £63,000, which was fully paid during the year.
Note 8:
(a) Salaries
During the year the PCC employed an Administrator, a Premises Officer, a Hall Cleaner, a Children and Families Worker, and a Baby Basics Manager. Currently the Administrator and Premises Officer roles are done by the same person, making a total of 5 employees at the end of 2022, who were all part-time. The payroll is administered by the Diocese of Leicester, and wages for all employees have had appropriate PAYE and NI deductions made. Pension contributions have been made for the Administrator and the Children and Families Worker; other employees were below the threshold for pension enrolment.
(b) Payments to PCC Members
A small immaterial portion of the expenses paid to the incumbent may have related to his services to the PCC. No other payment or expenses were paid to any other PCC member, persons closely related to them or related parties, except for direct reimbursements for items bought for the church.
Examined 20 March 2023
Registered Charity no 1134668
Page 8 of 8