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|||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|
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|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||
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|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|