| Page | |||
|---|---|---|---|
| Report ofthe Trustees | I | to | 4 |
| Independent Examiner's Report |
|||
| Statement ofFinancial Activities | |||
| Balance Sheet | 7 | to | 8 |
| Notes to the Financial Statements | 9 | to | 17 |
| Detailed Statement ofFinancial Activities | 18 | to | 19 |
| far the Year Ended 3 | 1December 2022 | |||||
|---|---|---|---|---|---|---|
| 31.12.22 | 31.12.21 | |||||
| Umestricted | Restricted | Total | Total | |||
| funds | fund | funds | fwlcis | |||
| Notes | ||||||
| INCOME AND ENDOWMENTS FROM | ||||||
| Donations and legacies |
190,958 | 190,958 | 157,423 | |||
| Investment income |
2,928 | 2,928 | 316 | |||
| Other income | 285,691 | 285,691 | 257,163 | |||
| Total | 479,577 | 479,577 | 414,902 | |||
| EXPENDITURE ON | ||||||
| Raising funds | ||||||
| Other trading activities | 4,237 | 4,237 | 3,531 | |||
| 4237 | 4,237 | 3,531 | ||||
| Charitable activities Church Activities |
463,537 | ~12,790) | 450,747 | 323,858 | ||
| Total | 467,774 | ~12„790) | 454,984 | 327,389 | ||
| Net gains/(losses) on investments |
~5,573) | ~5,573) | 1,232 | |||
| NET INCOME | 6,230 | 12,790 | 19,020 | 88,745 | ||
| Distribution offunds | ~93,057) | |||||
| Net movement in funds |
6,230 | 12,790 | 19.020 | (4,312) | ||
| RECONCILIATION | OF FUNDS | |||||
| Total funds brought forward |
461,341 | 725,407 | 1,186,748 | 1,191,060 | ||
| TOTAL FUNDS CARRIED FORWARD | 467,571 | 738,197 | 1/05,768 | 1,186,748 |
| Chelsea Old Church | |||||
|---|---|---|---|---|---|
| Parochial Church Council | |||||
| Balance Sheet | |||||
| 31December 20?2 | |||||
| 31.12.22 | 31.12.21 | ||||
| Unrestricted | Restricted | Total | Total | ||
| funds | fund | funds | funds | ||
| Notes | 8 | ||||
| FIXEDASSETS | |||||
| Tangible assets | 12,971 | 740,197 | 753,168 | 730,229 | |
| Investments | 54,268 | 54,268 | 9,841 | ||
| 740,197 | 807,436 | 740,070 | |||
| CURRENT ASSETS | |||||
| Debtors | 10 | 30,250 | 30,250 | 23,537 | |
| Cash at bank and in hand | 413,278 | 413,278 | 466,531 | ||
| 443,528 | 443,528 | 490,068 | |||
| CREDITORS | |||||
| Amounts falling due within one year |
11 | (43,196) | (43,196) | (43,390) | |
| NET CURRENT ASSETS | 400,332 | 400,332 | 446,678 | ||
| TOTAL ASSETSLESSCURRENT | |||||
| LIABILITIES | 467,571 | 740,197 | 1,207,768 | 1,186,748 | |
| PROVISIONS FOR LIABILITIES | 12 | (2,000) | (2,000) | ||
| NET ASSETS | ~467 571 | 738,197 | 1,205,768 | 1,186,748 |
| 31December 2022 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 31.12.22 | 31.12.21 | |||||||||
| Total | Total | |||||||||
| funds | funds | |||||||||
| Notes | ||||||||||
| FUNDS | 13 | |||||||||
| Unrestricted funds: |
||||||||||
| General fund | 467,571 | 461,341 | ||||||||
| Restricted funds: | ||||||||||
| Organ Fund | 738,197 | 725.407 | ||||||||
| TOTAL FUNDS d tt tt ' |
pp |
ddyp | B | d ty | 0 | d | d | t | 1,205,768 1,186,748 dt'0,,2sgs/2s |
| 2. | DONAT | IO | NS AND LEGACIES |
||||
|---|---|---|---|---|---|---|---|
| 31.12.22 | 31.12.21 | ||||||
| Unrestricted | Restricted | Total | Total | ||||
| funds | funds | funds | funds | ||||
| Planned | giving and collections | 130,696 | 130,696 | 99,583 | |||
| Donations, | Gift Income and Legacies | 34,283 | 34,283 | 28„575 | |||
| Gift aid | 25,979 | 25,979 | 29,165 | ||||
| Donations | for Organ Fund | 100 | |||||
| 190,958 | 190,958 | 157,423 | |||||
| 3. | INVESTMENT INCOME | ||||||
| 31.12.22 | 31.12.21 | ||||||
| Unrestricted | Restricted | Total | Total | ||||
| funds | funds | funds | funds | ||||
| Deposit | account interest | 2,928 | 2,928 | 316 |
| CHARITABLE | ACTIVITIES COSTS | ||||
|---|---|---|---|---|---|
| Direct | |||||
| Costs | |||||
| Church Activities | 450,747 | ||||
| See below for full breakdawn. | |||||
| 31.12.22 | 31.12.21 | ||||
| Unrestricted | Restricted | Total | Total | ||
| f | f. | ||||
| Wages | 76,196 | 76,196 | 64,518 | ||
| Pensions | 1,519 | 1,519 | 1,092 | ||
| Insurance | 634 | 634 | 6,400 | ||
| Vicar expenses | 6,045 | 6,045 | 1,565 | ||
| Sanctuary expenses |
4,604 | 4,604 | |||
| Music Casts | 90,166 | 90,166 | 56,721 | ||
| Entertainment and hospitality |
10,866 | 10,866 | 2,115 | ||
| Missionary and |
charitable | 1,644 | 1,644 | 3,500 | |
| Church running | costs, | 13,688 | 13,688 | 13,416 | |
| Church and hag |
maintenance | 28,779 | 28,779 | 18,752 | |
| Vicarage refurbishment | 59,394 | 59,394 | 400 | ||
| Verger expenses | 32,935 | 32,935 | 23,139 | ||
| Printing and administration |
21,106 | 21,106 | 9,154 | ||
| Bank charges | 1,068 | 1,068 | 687 | ||
| Sundry expenses | 1,769 | 1,769 | 1,328 | ||
| Organ fund tepairs provision | 2,000 | 2,000 | |||
| Diocesan Parish | Contributions | 95,498 | 95,498 | 96,127 | |
| Professional fees |
13,582 | 13,582 | 8,948 | ||
| Depreciation of | plant and machinery | (14,790) | (14,790) | 14,790 | |
| Depreciation of | fixtures and fittings | 4,044 | 4,044 | 1,206 | |
| 463,537 | ~12,790) | 450,747 | 323,858 |
| STAFF COSTS | STAFF COSTS | |||
|---|---|---|---|---|
| The average monthly number ofemployees |
during the year was as follows: | |||
| 31.12.22 | 31.12.21 | |||
| 3 | 4 | |||
| No employees received emoluments |
in excess off60,000. | |||
| COMPARATIVKS FOR THE STATEMENT OF FINANCIAL ACTIVITIES | FOR2020 | |||
| Unrestricted | Restricted | Total | ||
| funds | fundf | funds | ||
| INCOME AND ENDOWMENTS | FROM | |||
| Donations and legacies |
157,323 | 100 | 157,423 | |
| Investment income |
316 | 316 | ||
| Other income | 257,163 | 257,163 | ||
| Total | 414,802 | 100 | 414,902 | |
| EXPENDITURE ON | ||||
| Raising funds | ||||
| Other trading activities |
3,531 | 3,531 | ||
| 3,531 | 3,531 | |||
| Charitable activities |
||||
| Church Activities | 308,668 | 15,190 | 323,858 | |
| Total | 312,199 | 15,190 | 327,389 | |
| Net gains on investments | 1,232 | 1,232 | ||
| NET INCOME/(EXPENDITURE) | 103,835 | (15,090) | 88,745 | |
| Transfers between funds |
323 | (323) | ||
| Other recognised gains/Dessus) Distribution offunds |
~93,057) | ~93,057) | ||
| Net movement in funds |
104,158 | (108,470) | (4,312) | |
| RECONCILIATION OF FUNDS |
||||
| Total funds brought forward |
357,183 | 833,877 | 1,191,060 | |
| TOTAL FUNDS CARRIED FORWARD | 461,341 | 725,407 | 1,186,748 |
| TANGIBLE FIXEDASSETS | |||
|---|---|---|---|
| Fixtures | |||
| Church | and | ||
| Organ | fittings | Totals | |
| COST | |||
| At 1 January 2022 | 739,797 | 8,028 | 747,825 |
| Additions | 12,193 | 12,193 | |
| At.31 December 2022 | 739,797 | 20,221 | 760,018 |
| DEPRECIATION | |||
| At 1 January 2022 | 14,790 | 2,806 | 17,596 |
| Charge for year | ~14,790) | 4,044 | ~10,746) |
| At 31 December 2022 | 6,850 | 6,850 | |
| NET BOOK VALUE | |||
| At 31 December 2022 | 739,797 | 13,371 | 753,168 |
| At 31 December 2021 | 725,007 | 5,222 | 730,229 |
| FIXEDASSETINVESTMENTS | |||
| Investment fixed assets |
|||
| Movements in the year. |
31.12.22 | 31.12.21 | |
| Market Value at 1 January 2022 | 9,841 | 8,609 | |
| Purchase atcost | 50,000 | ||
| Disposal proceeds Revaluation |
~5,573) | 1,232 | |
| Market Value at 31December 2022 | 54,268 | 9,841 |
| Holdings at 31 December 2022: 2,626.54 shares in CBF Church of England value off54,268. |
Investment Fund wi |
th a market |
|---|---|---|
| DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 31.12.22 | 31.12.21 | |
| Trade debtors | 18,110 | 15,423 |
| Gift aid receivable | 9,675 | 6,950 |
| Other debtors | 2,465 | 1,164 |
| 30250 | 23,537 |
| Notes to the Pinnucinl Statements - continued |
Notes to the Pinnucinl Statements - continued |
Notes to the Pinnucinl Statements - continued |
||||
|---|---|---|---|---|---|---|
| for the | Year Ended 31December 2022 | |||||
| 11. | CREDITORS: AMOUNTS FALLING DUE WITH1N ONE | YEAR | ||||
| 31.12.22 | 31.12.21 | |||||
| Social security and other taxes |
258 | 241 | ||||
| Deferred income | 20,625 | 15,535 | ||||
| Accrued expenses | 22,313 | 27,614 | ||||
| 43,196 | 43,390 | |||||
| 12. | PROVISIONS FORLIASILITIES | |||||
| 31.12.22 | 31.12.21 | |||||
| Provision for organ repair |
2,000 | |||||
| 13. | MOVEMENT IN FUNDS | |||||
| Net | ||||||
| movement | ||||||
| At 1.1.22 | in funds | 31.12.22 | ||||
| Unrestricted funds |
||||||
| General fund | 461,341 | 6„230 | 467,571 | |||
| Restricted funds | ||||||
| Organ Fund | 725,407 | 12,790 | 738,197 | |||
| TOTALFUNDS | 1,186,748 | 19,020 | 1,205,768 | |||
| Net movement in funds, included |
in the above | are as follows: | ||||
| Incoming | Resources | Gains and | Movement | |||
| resources | expended | losses | in funds | |||
| 6 | ||||||
| Unrestricted funds |
||||||
| General fund | 479,577 | 1467,774) | (5 573) | 6,230 | ||
| Restricted funds | ||||||
| Organ Fund | 12,790 | 12,790 | ||||
| TOTAL FUNDS | 479,577 | ~454,984) | ~5,573) | 19,020 |
| Net | Transfers | |||||
|---|---|---|---|---|---|---|
| movement | between | At | ||||
| At 1.1.21 | in funds | funds | 31.12.21 | |||
| 8 | f | |||||
| Unrestricted | funds | |||||
| General | fund | 357,183 | 103,835 | 323 | 461,341 | |
| Restricted funds | ||||||
| Organ Fund | 833,877 | (108,147) | (323) | 725,407 | ||
| TOTAL | FUNDS | 1,191.060 | ~4,312) | 1,186,748 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| Unrestricted | funds | ||||
| General fund | 414,802 | (312,199) | 1,232 | 103,835 | |
| Restricted funds | |||||
| Organ Fund | 100 | (15,190) | (93,057) | (108,147) | |
| TOTAL FUNDS | 414,902 | ~327,3&9) | (91,825) | ~4,312) | |
| A current year | 12months | and prior year 12months combined position | isas lollows: | ||
| Net | Transfers | ||||
| movement | between | At | |||
| At 1.1.21 | in funds | funds | 31.12.22 | ||
| Unrestricted | funds | ||||
| General fund |
357,183 | 110,065 | 323 | 467,571 | |
| Restricted funds |
|||||
| Organ Fund | 833,877 | (95,357) | (323) | 738,197 | |
| TOTAL FUNDS | 1,191.060 | 14,708 | 1,205,768 |
| Chelsea Old Church | ||
|---|---|---|
| Parochial Church Council | ||
| Notes to the Financial | Statements | —continued |
| forthe Year Ended 31 | December | 2022 |
| incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| f. | |||||
| Unrestricted | fuads | ||||
| General fund | 894,379 | (779,973) | (4,341) | 110,065 | |
| Restricted funds | |||||
| Organ Fund | 100 | (2,400) | (93,057) | (95,357) | |
| TOTAL FUNDS | 894,479 | (782,373) | (97,398) | 14,708 |
| Detailed Statement ofFinancial Activities for the Year Ended 31 December 2022 |
||||
|---|---|---|---|---|
| 31.12.22 | 31.12.21 | |||
| Unrestricted | Restricted | Total | Total | |
| funds | funds | funds | funds | |
| INCOME AND ENDOWMENTS | ||||
| Donations and legacies |
||||
| Planned giving and collections | 130.696 | 130,696 | 99,583 | |
| Donations, Gift Income and Legacies | 34283 | 34,283 | 28,S75 | |
| Gift aid | 25,979 | 25,979 | 29,165 | |
| Donations for Organ Fund |
100 | |||
| 190„958 | ]90,958 | 157,423 | ||
| Investment income |
||||
| Deposit account interest | 2,928 | 2,928 | 316 | |
| Other income | ||||
| Wedding, Funeral and Baptism fees |
82,496 | 82,496 | 61267 | |
| Bell Ringing | 6„480 | 6,480 | 4,190 | |
| Musie income | 50,319 | 50,319 | 31,595 | |
| Other income | 4,582 | 4,582 | 58,040 | |
| Petyt Hall Bookings | 141,814 | 141,814 | 102,071 | |
| 285,691 | 285,69,1 | 257,163 | ||
| Total incoming resources |
479„577 | 479,577 | 414,902 | |
| EXPENDITURE | ||||
| Other trading activities | ||||
| Management fees (Flat rental) |
4,237 | 4,237 | 3,531 | |
| Charitable activities |
||||
| Wages | 76,196 | 76,196 | 64,518 | |
| Pensions | 1319 | 1,519 | 1,092 | |
| Insurance | 634 | 634 | 6,400 | |
| Vicar expenses | 6,045 | 6„045 | 1,565 | |
| Sanctuary expenses |
4,604 | 4,604 | ||
| Music Costs | 90,166 | 90,]66 | 56,721 | |
| Entertainment and hospitality |
10,866 | 10,866 | 2,115 | |
| Missionary and charitable |
1,644 | 1,644 | 3,500 | |
| Church running costs |
13,688 | 13,688 | 13,416 | |
| Church and hall maintenance |
28,779 | 28,779 | 18,752 | |
| Vicarage refurbishment | 59,394 | 59,394 | 400 | |
| Carried forward | 293,535 | 293,535 | 168,479 |
| for the Year Ended | 31December 2022 | ||||
|---|---|---|---|---|---|
| 31.12.22 | 31.12.21 | ||||
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| Charitable activities |
|||||
| Brought forward | 293,535 | 293,535 | 168,479 | ||
| Verger expenses | 32,935 | 32,935 | 23,139 | ||
| Printing and administration |
21,106 | 21,106 | 9,154 | ||
| Bank charges | 1,068 | 1,068 | 687 | ||
| Sundry expenses | 1,769 | 1,769 | 1.328 | ||
| Organ fund repairs provision | 2,000 | 2,000 | |||
| Diocesan Parish Contributions | 95,498 | 95,498 | 96,127 | ||
| Professional fees |
13,582 | 13,582 | 8,948 | ||
| Plant and machinery | (14,790) | (14,790) | 14,790 | ||
| Fixtures and fittings | 4,044 | 4,044 | 1,206 | ||
| 463,537 | ~12,790) | 450,747 | 323,858 | ||
| Total resources expendec( | 467,774 | ~12,790) | 454,984 | 327,389 | |
| Net income before gains and losses | 11,803 | 12,790 | 24,593 | 87,513 | |
| Realised recognised Realised gains/(losses) |
gains and losses on fixed asset investments |
~5,573) | ~5,573) | 1,232 | |
| Net income | 6,230 | 12,790 | 19020 | 88.745 |