| Page | ||
|---|---|---|
| Trustees' annual report |
||
| Independent examiner's report |
to the trustees | |
| Statement of financial activities |
||
| Statement of financial position |
||
| Notes to the financial statements | ||
| The following pages do not form part ofthe financial statements |
||
| Detailed statement of financial |
activities | 23 |
| Year ended | 31 | Dece | mbe | r 202 | 2 | ||||
|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||||
| Unrestricted | Restricted | ||||||||
| funds | funds | Total funds | Total funds | ||||||
| Note | F | ||||||||
| Income and endowments | |||||||||
| Donations and legacies |
4 | 345,349 | 77,618 | 422,967 | 382,348 | ||||
| Charitable activities |
5 | 36,669 | 1,800 | 38,469 | 20,847 | ||||
| Investment income |
6 | 3,736 | 13 | 3,749 | 564 | ||||
| Other income | 7 | 3,300 | 3,300 | ||||||
| Total income | 389,054 | 79,431 | 468,485 | 403,759 | |||||
| Expenditure | |||||||||
| Expenditure on |
raising funds: | ||||||||
| Investment | management | costs | 8 | 5,000 | 5,000 | 8,604 | |||
| Expenditure on |
charitabie | activities | 9,10 | 374,417 | 79,897 | 454,314 | 534,810 | ||
| Total expenditure | 379,417 | 79,897 | 459,314 | 543,414 | |||||
| Net movement | in | funds | before | ||||||
| investments | 9,637 | (466) | 9,171 | (139,655) | |||||
| Net gains/(losses) | on investments | 13 | (83,605) | (83,605) | 7,654 | ||||
| Net expenditure | and net | movement | in | ||||||
| funds | (73,966) | (466) | (74,434) | (132,001) | |||||
| Reconciliation | of | funds | |||||||
| Total funds brought | forward | 918,006 | 666,502 | 1,584,508 | 1,716,509 | ||||
| Total funds carried forward | 844,038 | 666,036 | 1,510,074 | 1,584,508 |
| Statement of Financi 31 December 2022 |
al | Position | |||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Note | F | ||||
| Fixed assets Tangible fixed assets Investments |
18 19 |
706,129 413,145 |
719,410 499,050 |
||
| 1,119,274 | I,218,460 | ||||
| Current assets Debtors Cash at bank and in hand |
20 | 43,171 405,255 |
33,315 387,116 |
||
| 448,426 | 420,431 | ||||
| Creditors. " amounts falling |
due within one year | 21 | 57,626 | 54,383 | |
| Net current assets | 390,800 | 366,048 | |||
| Total assets less current | liabilities | 1,510,074 | 1,584,508 | ||
| Net assets | 1,510,074 | 1,584,508 | |||
| Funds of the charity | |||||
| Restricted income funds: Revaluation reserve Other restricted income funds |
630,304 35,732 |
638,937 27,565 |
|||
| Unrestricted funds: Fair Value Reserve Other unrestricted |
Income Funds | 194,942 | 7,654 910,352 |
||
| Designated Funds |
649,096 | ||||
| Totalcharitfunds | 24 | 1,510,074 | 1,584,508 |
| Donations and legacies |
|||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2022 | |||
| Donations | |||||
| Gift Aided and Non-Gift Aided envelopes Income Tax recoverable |
211,798 51,596 |
55,796 10,108 |
267,594 61,704 |
||
| Collections (open plate) |
15,412 | 2,672 | 18,084 | ||
| Funding received from Resurgam Friends of St Andrews |
60 Appeal | and | 42,807 | 42,807 | |
| Flowers | 65 | 65 | |||
| Sundry donations Books |
326 900 |
129 | 455 900 |
||
| Special events | (52) | (52) | |||
| Wine, bread, candles Hospitality FiT solar panels Miscellaneous income |
4,153 5,698 3,549 |
4,153 5,698 3,549 |
|||
| Student work donation |
|||||
| VAT recovered | 896 | 896 | |||
| Abbey Hall Light & Heat payments |
8,184 | 8,184 | |||
| Legacies Legacies Parkhouse and Dingle Trusts |
17 | 8,870 43 |
8,887 43 |
||
| 345,349 | 77,618 | 422,967 |
| Unrestricted | Restricted | Total Funds | ||||||
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | 2021 | ||||||
| Donations | ||||||||
| Gift Aided | and | Non-Gift Aided envelopes | 203,732 | 36,714 | 240,446 | |||
| Income Tax recoverable | 49,143 | 8,053 | 57,196 | |||||
| Collections | (open plate) | 17,103 | 17,103 | |||||
| Funding received from Resurgam |
60 Appeal and | |||||||
| Friends of | St Andrews | 37,297 | 37,297 | |||||
| Flowers | 55 | 55 | ||||||
| Sundry donations | 945 | 20 | 965 | |||||
| Books | 1,611 | 1,611 | ||||||
| Special events | 1,006 | 1,006 | ||||||
| Wine, bread, candles | 282 | 282 | ||||||
| Hospitality | 1,651 | 1,651 | ||||||
| FiT solar panels | 6,790 | 6,790 | ||||||
| Miscellaneous | income | 680 | 680 | |||||
| Student work donation |
1,189 | 1,189 | ||||||
| VAT recovered | 13,695 | 13,695 | ||||||
| Abbey Hall |
Light 8 Heat payments | |||||||
| Legacies | ||||||||
| Legacies | 2,000 | 2,000 | ||||||
| Parkhouse | and | Dingle Trusts | 382 | 382 | ||||
| 298,693 | 83,655 | 382,348 | ||||||
| 5. | Charitable | activities | ||||||
| Unrestricted | Restricted | Total Funds | ||||||
| Funds | Funds | 2022 | ||||||
| P | ||||||||
| Hire of Church | and facilities | 10,380 | 10,380 | |||||
| Weddings | 7,905 | 900 | 8,805 | |||||
| Funerals | 7,955 | 900 | 8,855 | |||||
| Chaplaincy | fees- Plymouth | College | 3,000 | 3,000 | ||||
| Holiday Club | 2,420 | 2,420 | ||||||
| Snack and | Chat | 1,191 | 1,191 | |||||
| Youthwork | 1,738 | 1,738 | ||||||
| Recitals | 2,080 | 2,080 | ||||||
| Summer Fayre |
||||||||
| 36,669 | 1,800 | 38,469 |
| Unrestricted | Restricted | Total Funds | ||||||
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | 2021 | ||||||
| Hire of Church Weddings Funerals |
and facilities | 1,805 3,330 8,835 |
775 | 1,805 4,105 8,835 |
||||
| Chaplaincy fees- Plymouth Holiday Club Snack and Chat Youthwork Recitals |
College | 1,894 209 424 954 |
1,894 209 424 954 |
|||||
| Summer Fayre |
2,621 | 2,621 | ||||||
| 20,072 | 775 | 20,847 | ||||||
| 6. | Investment | income | ||||||
| Unrestricted | Restricted | Total Funds | ||||||
| Funds | Funds | 2022 | ||||||
| Income from Bank interest |
listed investments receivable |
2,700 1,036 |
13 | 2,700 1,049 |
||||
| 3,736 | 13 | 3,749 | ||||||
| Unrestricted | Restricted | Total Funds | ||||||
| Funds | Funds | 2021 | ||||||
| P | ||||||||
| Income from Bank interest |
listed investments receivable |
561 | 3 | 564 | ||||
| 561 | 3 | 564 | ||||||
| 7. | Other income | |||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||
| Funds | 2022 | Funds | 2021 | |||||
| P | ||||||||
| Rent Received | 3,300 | 3,300 | ||||||
| 8. | Investment | management | costs | |||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||
| Funds | 2022 | Funds | 2021 | |||||
| P | ||||||||
| Administration | of investments | 5,000 | 5,000 | 8,604 | 8,604 |
| Unrestricted | Restricted | Total Funds | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | 2022 | |||||||
| Directly Support |
relating costs |
to | work | of | the | church | 349,481 24,936 |
79,897 | 429,378 24,936 |
| 374,417 | 79,897 | 454,314 | |||||||
| Unrestricted | Restricted | Total Funds | |||||||
| Funds | Funds | 2021 | |||||||
| P | |||||||||
| Directly Support |
relating costs |
to | work | of | the | church | 417,246 21,479 |
95,996 89 |
513,242 21,568 |
| 438,725 | 96,085 | 534,810 |
| Activities | |||||||
|---|---|---|---|---|---|---|---|
| undertaken | Grant funding | Total funds | Total fund | ||||
| directly | of activities Support costs | 2022 | 2021 | ||||
| Directly relating of the church |
to work | 359,986 | 69,392 | 4,763 | 434,141 | 517,045 | |
| Governance | costs | 20,173 | 20,173 | 17,765 | |||
| 359,986 | 69,392 | 24,936 | 454,314 | 534,810 |
| Analysis | of | support costs | |||
|---|---|---|---|---|---|
| Analysis of | |||||
| support costs | Total 2022 | Total 2021 | |||
| Staff costs | 10,764 | 10,764 | 10,883 | ||
| Premises | 2,066 | 2,066 | 919 | ||
| General | office | 8,492 | 8,492 | 6,233 | |
| Finance | costs | 552 | 552 | 393 | |
| Governance | costs | 3,062 | 3,062 | 3,140 | |
| 24,936 | 24,936 | 21,568 |
| 12. | Analysis of grants |
|||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||||
| Grants to institutions | ||||||||||
| Paid by Mission Partnership Other Grants Made |
69,192 200 |
45,807 | ||||||||
| 69,392 | 45,807 | |||||||||
| Total grants | 69,392 | 45,807 | ||||||||
| 13. | Net (gains)/losses | on investments | ||||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||||
| Funds | 2022 | Funds | 2021 | |||||||
| Realised | (36,546) | (36,546) | 7,654 | 7,654 | ||||||
| Unrealised | (47,059) | (47,059) | ||||||||
| Total Gains/(losses) | (83,605) | (83,605) | 7,654 | 7,654 | ||||||
| 14. | Net expenditure | |||||||||
| Net expenditure is |
stated | after charging/(crediting): | 2022 | 2021 | ||||||
| Depreciation of tangible |
fixed assets | 13,281 | 13,281 | |||||||
| 15. | Independent examination |
fees | ||||||||
| 2022 | 2021 | |||||||||
| R | ||||||||||
| Fees payable to the independent Independent examination of the |
examiner for: financial statements |
3,062 | 3,100 | |||||||
| 16. | Staff costs | |||||||||
| 2022 | 2021 | |||||||||
| Wages and salaries Social security costs Employer pension contributions |
109,568 608 2,581 |
127,578 887 2,561 |
||||||||
| 112,757 | 131,026 |
| Tangible fixed assets | |||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| Freehold | Equipment & |
Equipment | & | ||
| property | Furniture | Furniture | Total | ||
| P | |||||
| Cost | |||||
| At 1 January 2022 and |
|||||
| 31 December 2022 | 724,000 | 88,280 | 20,441 | 832,721 | |
| Depreciation | |||||
| At 1 January 2022 | 9,653 | 83,218 | 20,440 | 113,311 | |
| Charge for the year | 1,020 | 3,628 | 4,648 | ||
| Revaluations | 8,633 | 8,633 | |||
| At 31 December 2022 | 19,306 | 86,846 | 20,440 | 126,592 | |
| Carrying amount |
|||||
| At 31 December 2022 | 704,694 | 1,434 | 1 | 706,129 | |
| At 31 December 2021 | 714,347 | 5,062 | 1 | 719,410 |
| Investments | |
|---|---|
| Listed | |
| investments | |
| Cost or valuation | |
| At 1 January 2022 Additions |
499,050 274,760 |
| Disposals Fair value movements |
(274,760) (83,605) |
| Other movements | (2,300) |
| At 31 December 2022 | 413,145 |
| Impairment | |
| At 1 January 2022 and 31 December 2022 |
|
| Carrying amount At 31 December 2022 |
413,145 |
| At 31 December 2021 | 499,050 |
| Debtors | |||
|---|---|---|---|
| 2022 | 2021 | ||
| P | |||
| Prepayments Other debtors |
and accrued income | 8,600 34,571 |
688 32,627 |
| 43,171 | 33,315 |
| Other debtors contain | loans to Abbey Hall totalling F28,517(2 |
021:F28,517) | ||
|---|---|---|---|---|
| 21. | Creditors: amounts | falling due within one year | ||
| 2022 | 2021 | |||
| Accruals and deferred |
income | 11,335 | 5,110 | |
| Other creditors | 46,291 | 49,273 | ||
| 57,626 | 54,383 |
| At | Gains and | At | ||||||
|---|---|---|---|---|---|---|---|---|
| 1 | Jan 2022 | Income | Expenditure | Transfers | losses | 31 Dec 2022 | ||
| F | P | |||||||
| General | funds | 918,006 | 343,547 | (338,679) | (727,932) | 194,942 | ||
| Designated Legacy Fund |
2,700 | (35,363) | 727,932 | (83,605) | 611,664 | |||
| Property | ||||||||
| Maintenance | ||||||||
| Fund | 42,807 | (5,375) | 37,432 | |||||
| 918,006 | 389,054 | (379,417) | (83,605) | 844,038 | ||||
| At | Gains and | At | ||||||
| 1 | Jan 2021 | Income | Expenditure | Transfers | losses | 31 Dec 2021 | ||
| P | ||||||||
| General | funds | 1,038,355 | 319,326 | (447,329) | 7,654 | 918,006 | ||
| Designated | ||||||||
| Legacy | Fund | |||||||
| Property | ||||||||
| Maintenance | ||||||||
| Fund | ||||||||
| 1,038,355 | 319,326 | (447,329) | 7,654 | 918,006 |
| 24. | Analysis of charitable | funds (continued) |
funds (continued) |
|||||
|---|---|---|---|---|---|---|---|---|
| Restricted funds | ||||||||
| At | Gains and | At | ||||||
| 1 Jan 2022 | Income | Expenditure | Transfers | losses | 31 Dec 2022 | |||
| Student Worker Fund |
862 | (698) | 164 | |||||
| Parkhouse and Dingle Trusts |
7,660 | 47 | 7,707 | |||||
| Revaluation reserve |
638,937 | (8,633) | 630,304 | |||||
| Bell &Tower Fund |
10,679 | 1,938 | (1,324) | 11,293 | ||||
| Mission Partnership Fund Ministry Fund House Party Fund |
2,248 100 5,974 |
68,576 | (69,192) (50) |
1,632 100 5,924 |
||||
| Sundry restricted fund |
42 | 42 | ||||||
| Funding from |
||||||||
| Resurgam appeal |
||||||||
| and Friends | ||||||||
| Organ Legacy Fund |
8,870 | 8,870 | ||||||
| 666,502 | 79,431 | (71,264) | (8,633) | 666,036 | ||||
| At | Gains and | At | ||||||
| 1 | Jan 2021 | Income | Expenditure | Transfers | losses | 31 Dec 2021 | ||
| Student Worker Fund |
1,012 | 1,189 | (1,339) | 862 | ||||
| Parkhouse and Dingle Trusts |
9,677 | 383 | (2,400) | 7,660 | ||||
| Revaluation reserve |
647,570 | (8,633) | 638,937 | |||||
| Bell8 Tower Fund |
10,341 | 797 | (459) | 10,679 | ||||
| Mission | ||||||||
| Partnership Fund Ministry Fund House Party Fund |
3,288 100 6,124 |
44,767 | (45,807) (150) |
2,248 100 5,974 |
||||
| Sundry restricted fund |
42 | 42 | ||||||
| Funding from |
||||||||
| Resurgam appeal and Friends |
37,297 | (37,297) | ||||||
| Organ Legacy | ||||||||
| Fund | ||||||||
| 678,154 | 84,433 | (87,452) | (8,633) | 666,502 |
| Analysis of net as | sets between funds | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2022 | ||
| Tangible fixed assets Investments |
75,825 413,145 |
630,304 | 706,129 413,145 |
|
| Current assets | 371,194 | 77,232 | 448,426 | |
| Creditors less than |
1 year | (16,126) | (41,500) | (57,626) |
| Net assets | 844,038 | 666,036 | 1,510,074 | |
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2021 | ||
| Tangible fixed assets Investments |
80,472 499,050 |
638,938 | 719,410 499,050 |
|
| Current assets | 351,367 | 69,064 | 420,431 | |
| Creditors less than | 1 year | (12,883) | (41,500) | (54,383) |
| Netassets | 918,006 | 666,502 | 1,584,508 |
| Year ended 31 Decem | ber 2 | 022 | |||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Income and endowments | |||||
| Donations and legacies Gift Aided and Non-Gift Aided envelopes Income Tax recoverable Collections (open plate) Funding received from Resurgam 60 Appeal Flowers |
and Friends of St Andrews | 267,594 61,704 18,084 42,807 65 |
240,446 57,196 17,103 37,297 55 |
||
| Sundry donations Books |
455 900 |
965 1,611 |
|||
| Special events Wine, bread, candles Hospitality FiT solar panels Miscellaneous income |
(52) 4,153 5,698 3,549 |
1,006 282 1,651 6,790 680 |
|||
| Student work donation VAT recovered |
896 | 1,189 13,695 |
|||
| Abbey Hall Light 8 Heat payments Legacies Parkhouse and Dingle Trusts |
8,184 8,887 43 |
2,000 382 |
|||
| 422,967 | 382,348 | ||||
| Charitable activities Hire of Church and facilities Weddings Funerals |
10,380 8,805 8,855 |
1,805 4,105 8,835 |
|||
| Chaplaincy fees- Plymouth Holiday Club Snack and Chat |
College | 3,000 2,420 1,191 |
1,894 209 |
||
| Youthwork Recitals |
1,738 2,080 |
424 954 |
|||
| Summer Fayre |
2,621 | ||||
| 38,469 | 20,847 | ||||
| investment income |
|||||
| Income from listed investments Bank interest receivable |
2,700 1,049 |
564 | |||
| 3,749 | 564 | ||||
| Other income | |||||
| Rent Recieved | 3,300 | ||||
| Total income | 468,485 | 403,759 |
| Year ended 31 December | 2022 | ||
|---|---|---|---|
| 2022 | 2021 | ||
| Expenditure | |||
| Investment management costs Administration of investments |
5,000 | 8,604 | |
| Expenditure on charitable activities Wages and salaries Employer's NIC Pension costs Rent Rates and water Light and heat Repairs and maintenance Insurance Other establishment Legal and professional fees Telephone Other office costs Depreciation Other interest payable and similar charges Mission Partnership Advertising Cleaning and refuse removal Subscriptions Clergy expenses Organ, Carillon and piano tuning and repairs Holiday Club Youthwork House Party expenses Communion bread and wine Special events Hospitality costs Special services Flowers Other Weddings Funerals Diocesan quota Training and courses Books and leaflets |
109,568 608 2,581 10,000 1,674 7,891 14,037 11,794 34,682 3,062 2,076 4,062 13,281 552 69,192 1,050 2,266 179 913 4,602 2,493 5,058 943 126 2,606 62 968 2,217 4,020 6,229 130,759 2,389 2,374 |
127,578 887 2,561 9,975 1,763 11,039 150,913 11,405 4,862 3,140 2,180 3,217 13,281 393 45,807 419 919 179 64 3,507 1,413 853 150 397 80 658 346 533 3,428 2,346 4,509 122,205 1,309 2,494 |
|
| 454,314 | 534,810 | ||
| Ttlnditr | 459,314 | 543,414 |
| Year ended 31 | December 2022 | ||
|---|---|---|---|
| 2022 | 2021 | ||
| Net (gains)/losses Gains/(losses) on |
on investments listed investments |
83,605 | (7,654) |
| Net expenditure | (74,434) | (132,002) |