| Report ofthe Trustees | 1 | to | 6 | ||
|---|---|---|---|---|---|
| Independent Examiner's |
Report | ||||
| Statement ofFinancial | Activities | ||||
| Balance Sheet | |||||
| Cash Flow Statement | 10 | ||||
| Notes to the Cash Flow | Statement | ||||
| Notes to the I inancial Statements |
12 | to | 21 | ||
| Detailed Statement of Financial | Activities | 22 | to | 23 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| funds | funds | funds | funcls | ||||
| Notes | |||||||
| INCOME | AND ENDOWVMEN'I'S | FROA'I | |||||
| Donations | and legacies | 108,180 | 21,373 | 129,SS3 | 134,434 | ||
| Charitable | activities | ||||||
| Church activities |
7,502 | 7,502 | 4,030 | ||||
| Investment | income | 38,370 | 38,370 | 30,573 | |||
| Total | IS4,052 | 21,373 | 175,425 | 169,037 | |||
| EXPENDI111REON | |||||||
| Charitable | activities | ||||||
| Chtlrch activities |
147,101 | 47,195 | 194,296 | 164,626 | |||
| Net gains/(losses) on investments |
~3,391) | ~3,391) | 3,584 | ||||
| N E1' IN Coll)IE/(EXP EN D ITI IRE) | 3,S60 | (25,822) | (22,262) | 7,995 | |||
| Transfers | between full&is |
13 | ~23,983) | 23,983 | |||
| Net movement in funds |
(20,423) | (1,839) | (22,262) | 7,995 | |||
| RECONCILIA1 ION OF FIINDS | |||||||
| 'I'otal f'unds | brou& ht fonvard | 940,693 | 11,883 | 952,576 | 9-14,581 | ||
| 1'OTAL I | UNDS CARRIED 18OIAVARD | 920,270 | 10,044 | 930,314 | 952,576 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| Notes | |||||
| FIXED ASSETS | |||||
| Tangible assets | 11 | 465,870 | 465,870 | 466,763 | |
| Investments | 12 | 25,740 | 25,740 | 29,131 | |
| 491,610 | 491,610 | 495,894 | |||
| CURRENT ASSE1'S | |||||
| Debtors | 13 | 23,783 | 580 | 24,363 | 22,130 |
| Cash at bank and in hand | 414,413 | 9,464 | 423,877 | 454,716 | |
| 438,196 | 10,044 | 448,240 | 476,846 | ||
| CREDITORS | |||||
| Amounts falling due within one year |
14 | (9,536) | (9,536) | (20,164) | |
| NET CURRENT ASSETS | 428,660 | 10,044 | 438,704 | 456,682 | |
| TOTAL ASSETSLESSCURRENT | |||||
| LIABlLITIES | 920,270 | 10,044 | 930,314 | 952,576 | |
| NEfASSETS | 920,270 | 10,044 | 930,314 | 952,576 | |
| FUNDS | 15 | ||||
| General funcl |
634,269 | 627,656 | |||
| Balcling fund | 286,001 | 313,037 | |||
| Unrestricted funds |
920,270 | 940,693 | |||
| Restricted funds |
10,044 | 11,883 | |||
| TOTAL FIJNDS | 930,314 | 952,576 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Notes | |||||
| Cash flows from operating | activities | ||||
| Cash generated from operations |
~69,209) | ~45,394) | |||
| Net cash used in operating | activities | ~69,209) | ~45,394) | ||
| Cash flows from investing | activities | ||||
| Purchase oftangible fixed assets |
(5,194) | ||||
| Interest received | 3,595 | 1,179 | |||
| Pl'operty re)ital hlcolne |
34,775 | 29,394 | |||
| Net cash provided by investing activities |
38,370 | 25,379 | |||
| Ch,'luge ln c'lish,'lnd c;lsh | equlvlllent's | In | |||
| the reporting period |
(30,839) | (20,015) | |||
| Cash and cash equivalents | at the | ||||
| beginning ofthe reporting |
period | 454,716 | 474,731 | ||
| Cash and cash equivalents | at the end | of | |||
| the reporting period |
423,877 | 454,716 |
| OPERATING ACTIVI | TIES | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Net (expenditure)/income | for the reporting | period (as per the | ||
| Statement ofFinancial | Activities) | (22,447) | 7,995 | |
| Adjustments for: |
||||
| Depreciation charges |
894 | l, l I 8 |
||
| Losses/(gain) on investments |
3,391 | (3,584) | ||
| Interest received | (3,595) | (1,179) | ||
| Property rental income |
(34,775) | (29,394) | ||
| (Increase) in debtors | (2,048) | (4,840) | ||
| Decrease in creditors | ~10,029 | (15,510) | ||
| Net cash used in operations | (69,209) | (45,394) |
| ANALYSIS Ol' CHANGFS IN NET F(IND |
S | ||
|---|---|---|---|
| At 1.1.22 | Cash flovv | At 31.12.22 | |
| Net cash | |||
| Casit at bank anti ln halld | 454,716 | ~30,839) | 423,877 |
| 454,716 | ~30,839) | 423,877 | |
| Total | 454,716 | ~30,839) | 423,877 |
| DONA'I'IONS | AND I,FG | ACIFS | ||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Collections at all services |
5,056 | 3,071 | ||
| Standing order |
donations | 63,170 | 63,361 | |
| Income tax recoverable | 20,210 | 16,923 | ||
| G i'all ts | 350 | |||
| Donations —St |
Pancras International |
6,020 | 12,240 | |
| Sundry donations and other income |
17,025 | 15,219 | ||
| Other planned | giving | 3,3-'10 | 3,480 | |
| Youth work | 14,732 | 19,790 | ||
| 129,553 | 134,434 | |||
| Grants received, included |
in the &ibove, are as I'ollows: | |||
| 2022 | 2021 | |||
| Chichestcr iVellare Trust |
3SO | |||
| INVESTWIEN | I INCOWIE | |||
| 2022 | 2021 | |||
| Property rental |
income | 34,77S | 29,394 | |
| UK diviclends | and interest | 3,59S | 1,179 | |
| 38,370 | 30,573 |
| 4. | INCONIE | FROIVI CHARll | ABLF.ACTIVI1 | ABLF.ACTIVI1 | IES | |||
|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||
| Activity | ||||||||
| Church hall lettings |
Church | activities | 7,502 | 4,030 | ||||
| 5. | CIIARITABLE ACTIVITIES COSTS | |||||||
| Grant | ||||||||
| 1'unding of | ||||||||
| Direct | activities | Support | ||||||
| Costs (see | (see note | costs (see | ||||||
| note 6) | 7) | note 8) | Totals | |||||
| Church activities |
129,134 | 19,461 | 45,701 | 194,296 | ||||
| 6. | DIRFCT COSTSOF CHARI'I'ABLE | ACTIVITIFS | ||||||
| 2022 | 2021 | |||||||
| Staff costs | 34,S70 | 32,160 | ||||||
| Activities | 8,9S8 | S,415 | ||||||
| Parish contributions | 73,200 | 70,500 | ||||||
| Rector's and others expenses | 12,406 | 10,200 | ||||||
| 129,134 | 118,275 | |||||||
| 7. | CHANTS | PAYABLE | ||||||
| 2022 | 2021 | |||||||
| Church activities |
19,461 | 19,885 |
| Grants | payable from |
payable from |
payable from |
payable from |
the | the | St Pancras | International | International | restricted | fund included | in the above: | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||||||||
| Anglican | International | Development | 1,065 | |||||||||||
| Children | on | the Edge | 1,070 | 1,000 | ||||||||||
| CMJ | 240 | 300 | ||||||||||||
| Crosslinks —Nekemte |
School | 540 | 540 | |||||||||||
| Interserve | 120 | 150 | ||||||||||||
| I&'.ibera Slum | Nairobi | 7,271 | 11,000 | |||||||||||
| Link to | Hope | 21 | ||||||||||||
| J Rovve | 1,850 | |||||||||||||
| franslation | 1'rust | 4,520 | 4,320 | |||||||||||
| Ukraine | refugees | 884 | ||||||||||||
| Uni Chi | CU | 200 | ||||||||||||
| A IVlumford | 500 | |||||||||||||
| MAF | 125 | |||||||||||||
| KVEC | 1,000 | |||||||||||||
| 17,781 | 18,935 | |||||||||||||
| 8. | SUPPORT | COSTS | ||||||||||||
| Governance | ||||||||||||||
| Management | I lnance | costs | Totals | |||||||||||
| Church | activities | 43,421 | 120 | 2,160 | 45,701 | |||||||||
| Support | costs, included | in | the above, | are as | folloivs: | |||||||||
| 2022 | 2021 | |||||||||||||
| Church | Total | |||||||||||||
| activities | activities | |||||||||||||
| f. | ||||||||||||||
| Legal and prot'ession&al | I'ees | 27,246 | 3,257 | |||||||||||
| Upkeep | —Services | 583 | 936 | |||||||||||
| Upkeep | —Svvanfield | Drive | 1,036 | 2,313 | ||||||||||
| Repairs | - Buildings | 2,830 | 3,027 | |||||||||||
| Malltten | luce | - Chal'ch | 3,575 | 1,885 | ||||||||||
| Maintenance | - Hall | 4,662 | 3,590 | |||||||||||
| Maintenance | — I/2 St I'ancras | 2,595 | 7,871 | |||||||||||
| Depreciation | ol tangible | and heritage | assets | 894 | 1,117 | |||||||||
| Bank charges | 120 | 120 | ||||||||||||
| Independent | evamination | I'ees | 2,160 | 2,400 | ||||||||||
| 45,701 | 26,466 |
| 10. | STAFFCOSTS | |||||||
|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||
| VVages and salaries | 34,031 | 31,599 | ||||||
| Other pension costs |
539 | 561 | ||||||
| 34,570 | 32,160 | |||||||
| 'I he average monthly number ofelnployees |
during | the year was | as follows: | |||||
| 2022 | 2021 | |||||||
| Number ofCharitable | Stat'I' | 2 | 2 | |||||
| No employees received |
emoluments | in excess off60,000. | ||||||
| 11. | 'IANGIBLE I"IXED | ASSE I'S | ||||||
| Inlprovelllents | ||||||||
| Freehold | Long | to | Furniture | |||||
| property | leasehold | property | k equipment | Totals | ||||
| COST | ||||||||
| At 1st Janualy 2022 and |
||||||||
| 31st December 2022 | 38,930 | 350,000 | 126,755 | 40,038 | 555,723 | |||
| DF.PRECIATION | ||||||||
| At 1st Janualy 2022 |
53,390 | 35,570 | 88,960 | |||||
| Charge for year | 893 | 893 | ||||||
| At 31st December 2022 | 53,390 | 36,463 | 89,853 | |||||
| NET BOOK YALlIE | ||||||||
| At 31st December 2022 | 38,930 | 350,000 | 73,365 | 3,575 | 465,870 | |||
| At 31st Decelnber 2021 | 38,930 | 350,000 | 73,365 | 4,468 | 466,763 |
| FIXED ASSET INVFSTNIFNTS | |
|---|---|
| I.isted | |
| investments | |
| IVIARKET VALUE | |
| At 1st January 2022 |
29,131 |
| Revaluations | ~3,391) |
| At 31st Decenlber 2022 | 25,740 |
| NET BOOK VALUE | |
| At 31stDecember 2022 | 25,740 |
| At 31st December 2021 | 29,131 |
| DEBTORS: | AIVIOUNTS FAI.,I,ING DUF llVITIIIN ON | EYFAR | |
|---|---|---|---|
| 2022 | 2021 | ||
| Trade debtors | 555 | 2,750 | |
| Other debtors | 760 | 583 | |
| Income tax recoverable | 18,609 | 16,441 | |
| Pl'epagnletlts | an&i accrued income | 4,439 | 2,356 |
| 24,363 | 22,130 |
| CREDITORS: AJVIO | UNTS | VALLING D |
l JE VVITIIIN ONV. | YEAR | ||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Other creditors | 6,146 | 8,541 | ||||
| Accruals and deferred |
income | 3,390 | 11,623 | |||
| 9,536 | 20,164 | |||||
| JVIOVENIENT IN VIJNDS |
||||||
| Net | Transfers | |||||
| nlovcnlcnt | between | At | ||||
| At 1.1.22 | In funds | fun&is | 31.12.22 | |||
| I.Jnrestricte&l funds |
||||||
| General fund |
627,6S6 | 30,596 | (23,983) | 634,269 | ||
| The 13alding Redevelopnlcnt | Fund | 313,037 | (27,036) | 286,001 | ||
| 940,693 | 3,560 | (23,983) | 920,270 | |||
| Restricted funds |
||||||
| St Panel'as International |
10,387 | (11,159) | 9,420 | 8,648 | ||
| F.'.nlergency Fund |
1,496 | (100) | 1,396 | |||
| Youth VVork |
J&4,56'3) | 14,563 | ||||
| 11,883 | ~25,822) | 23,983 | 10,044 | |||
| TOTAL VFJNDS | 952,576 | ~22, 262) | 930,314 |
| I nconl lug | Resources | G;llnS 'uld | Movcnlcnt | |||
|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | |||
| Unrestricted | funds | |||||
| General 1'und |
JS3,842 | (119,855) | (3,391) | 30,596 | ||
| The Balding | Redevelopment | 17und | 210 | (27,246) | (27,036) | |
| 154,052 | (147,101) | (3,391) | 3,560 | |||
| Restricted funds |
||||||
| St Panel'&1s Intel'national | 6,621 | (17,780) | (11,159) | |||
| Fmergency Fund |
20 | (120) | (100) | |||
| Youth VVol.k |
14,732 | f29,295) | ~14,563) | |||
| 21,373 | $47,195) | ~25,822) | ||||
| I'O'I AL VLJNDS | 175,425 | (194,296) | (3,391) | ~22,262) |
| Comparatives for movemen |
t in funds |
||||
|---|---|---|---|---|---|
| Net | Tran st'ers | ||||
| nlovcnl cut | between | At | |||
| At 1.1.21 | in funds | funcls | 31.12.21 | ||
| Unrestricted funds |
|||||
| General fund The Balding Redevelopment |
Fund | 620,213 315,430 |
23,362 ~2,393) |
( I S,919) | 627,656 313,037 |
| 935,643 | 20,969 | (15,919) | 940,693 | ||
| Restricted funds |
|||||
| St P'ulcI'as International |
7,702 | (6,315) | 9,000 | 10,387 | |
| Enlcl'gcncy Fund |
125 | 61 | 1,310 | 1,496 | |
| Youth KVork |
(6,720) | 6,720 | |||
| Homeless Projects |
(1,111) | ||||
| 8,938 | 12,974 | 15,919 | 11,883 | ||
| 'I'OTAL FUNDS | 944,581 | 7,995 | 952,576 |
| I nconl tug | Resources | Ganls and | tvlovelll cut | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| Unrestricted funds |
|||||
| General fund The Balding Reclevelopment |
Fund | 136&016 | (116,238) ~2,393) |
3,S84 | 23,362 ~2,39'I) |
| 136,016 | (118,63I) | 3,S84 | 20,969 | ||
| Restricted funds |
|||||
| St P'loci"ls Intel'nation', ll | 12,620 | (18,935) | (6,315) | ||
| Enlcl'gcncy Fund |
61 | 61 | |||
| Youth l&Vork |
19,790 | (26,510) | (6,720) | ||
| I-Iomeless Projects | 200 | (200) | |||
| Chichester 3&Velfare Trust |
350 | (350) | |||
| 33,021 | (45,995) | (12,974) | |||
| 1'0IAL FUNDS | 169,037 | (164,626) | 3,584 | 7,995 |
| Net | Transfers | |||||||
|---|---|---|---|---|---|---|---|---|
| nlovcnlcnt | between | At | ||||||
| At 1.1.21 | in funds | funds | 31.12.22 | |||||
| I.Inrestricted funds |
||||||||
| General fund |
620,213 | 53,958 | (39,902) | 634,269 | ||||
| 1he Balding Redevelopment | Fund | 315,430 | ~29,429) | 286,001 | ||||
| 935,643 | 24,529 | (39,902) | 920,270 | |||||
| Restricted funds |
||||||||
| St I ancras International | 7,702 | (17,474) | 18,420 | 8,648 | ||||
| Emergency Fund |
125 | (39) | 1,310 | 1,396 | ||||
| Youth 9Vork |
(21,283) | 21,283 | ||||||
| I-lomeless Projects | (1,111) | |||||||
| ~38,796 | 39,902 | 10,044 | ||||||
| 10I'AI, FLINDS | 944,S81 | ~14,267) | 930,314 | |||||
| A current year 12 months |
and prior year | 12 months | combined | net movement | in | funds, included | in the above ar | |
| Bs f0 IIows: | ||||||||
| lncon11ng7 | Resources | Galas Bnd | IVlovcment | |||||
| I'csou I'ccs | expended | losses | in funds | |||||
| IJnrestricted funds |
||||||||
| General fund |
289,858 | (236,093) | 193 | 53,958 | ||||
| The Balding Redevelopment | 17und | 210 | ~29,639) | ~29,429) | ||||
| 290,068 | (265,732) | 193 | 24,529 | |||||
| Restricted funds |
||||||||
| St Pancras International |
19,241 | (36,715) | (17,474) | |||||
| Enlcl'gcncy I und |
81 | (120) | (39) | |||||
| Youth 1&Volk |
34&S22 | (5S,805) | (21,283) | |||||
| Homeless Projects Chichester )Vclfare Trust |
200 350 |
(200) ~350) |
||||||
| 54,394 | ~93,190) | ~38,796) | ||||||
| TOTAI. I UNDS | 344,462 | ~358,922) | 193 | (14,267) |
| 2022 | 2021 | |||
|---|---|---|---|---|
| INCOIVIE AND ENDOWVIIvIENTS | ||||
| Donations and legacies |
||||
| Collections at all sen ices |
S,OS6 | 3,071 | ||
| Standing orcler donations |
63,170 | 63,361 | ||
| laconic t'lx I'ecoverab le | 20,210 | 16,923 | ||
| Grants | 350 | |||
| Donations —St Pancras |
International | 6,020 | 12,240 | |
| Sundry clonations and other income |
17,025 | 15,219 | ||
| Othcl' plBnned giving | 3,340 | 3,480 | ||
| Youth work | 14,732 | 19,790 | ||
| 129,553 | 134,434 | |||
| Investment income |
||||
| PI'opcl'ty I'cntBI lncon1c |
34,775 | 29,39-'I | ||
| UK dividends Bn(l lntclcst |
3,595 | 1,179 | ||
| 38,370 | 30,S73 | |||
| Charitable activities |
||||
| Chtu'ch hall lettings |
7,502 | 4,030 | ||
| Total incolning resources |
17S,425 | 169,037 | ||
| EXPENDITlIRE | ||||
| Charitable activities |
||||
| YVages, social security, | and pension | 34,570 | 32,160 | |
| Activities | 8,958 | 5,415 | ||
| Parish contributions | 73,200 | 70,500 | ||
| Rector's and others expenses | 12,406 | 10,200 | ||
| Giants to Instltlitlons | 19,461 | 19,88S | ||
| 148,59S | 138,160 | |||
| Support costs | ||||
| Wlanagement | ||||
| Legal and prot'essional | fees | 3,257 | ||
| Upkeep —Services |
583 | 936 | ||
| Upkeep - Swanfield |
Drive | 1,036 | 2,313 | |
| Repairs - Buildings | 2,830 | 3,027 | ||
| IVIBintcnance —Church |
3,575 | 1,88S | ||
| Maintenance —I-lail |
4,662 | 3,590 | ||
| Carried forvvard |
12,686 | 15,008 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| IV1anagement | ||||||
| Brought forward | 12,686 | 15,008 | ||||
| Maintenance | - I/2 St Vancras | 2,595 | 7&821 | |||
| Depreciation | offurniture | & equipment | 894 | 1,117 | ||
| 16,175 | 23,946 | |||||
| Finance | ||||||
| l3ank charges | 120 | 120 | ||||
| Governance | costs | |||||
| Independent | examination | fees | 2,160 | 2,400 | ||
| Total I'esoui'ces | expended | on ordinary | activities | 167,050 | 164,626 | |
| VI'olessional fees relating |
to redevelopment | cost | 27,246 | |||
| Net (exl)enditure)/income | f 18,871) | 4,411 |