St Andrew's Psalter Lane Church An Anglican Methodist Parlnership 2022 CHURCH ANNUAL ACCOUNTS St Andrew's Psalter Lane Church AJOINT ANGLICAN METHODIST PARTNERSHIP Reterence and Admlnistrative Information Sheffield Methodist Circuit Circuit Number= 25101 Charity Registration Number- 1137529 Mlnister: Revd Naomi Cooke Church Stewards: Julie Jordan-Brown Alastair Morrls Wardens: Caroline Cripps Clare LoL¢ghridge Treasurer: Joseph Dev St Andrew's Psalter Lane Church Index Page Receipts & Payments Account Restricted Funds Statement of Assets & Liabilitles Independent Examiner's Report ReseNes Pollcy Charity Registration Number: 1137529 Accounting Period Ended 31 August 2022 St Andrew's Psalter Lane Church Recelpts & Payments Account Unrestricted Restricted Funds Funds 2022 Total 2021 Total RECEIPTS Offering5 & Tax Recovered Legacy Received Bank Interest Lettings Other Receipts TOTAL RECEIPTS 100,963 100,963 109,101 10,000 47 44,060 3,499 166,707 93 61,698 4,147 166.901 23 116 61.698 4,747 167,524 600 623 PAYMENTS Generous Giving Common Fund & Mission Partnership Worker Donations Repairs & Maintenance 51,822 18,585 7,055 34,140 28,328 28,836 168,766 51,822 18.585 7,055 34,140 28,328 28,836 168,766 50,064 16,385 7,475 19,078 22,643 27,549 143,194 Other Payments TOTAL PAYMENTS NET IPAYMENTSIIRECEIPTS FOR THE YEAR Brought Forward From Last Year TOTAL FUNDS AT END OF YEAR 11,8651 88,537 86.672 623 12,933 13.556 11,2421 101,470 100,228 23.513 77,957 101,470 MONEY RECEIVED AND PASSED TO EXTERNAL ORGANISATIONS 2022 2021 Balance brought forward Offerings & Tax Recovered Passed on to external organisation Balance 50 2,439 12,4891 4,233 14,1831 50 Page I Charity Registration: No 1137529 Accounting Period Ended 31 August 2022 St Andrew's Psalter Lane Church Restritted Fund5 Opening Balances Closing Receipts Balances Internal Funds W Davey Bequest J Simpson Bequest Solar panels Total 11,866 767 22 11,888 768 600 13,256 600 623 12.633 Internal Organisations Tuesday Cafe Total 3LX) 300 300 300 Total Restricted Funds 12,933 623 13.556 Declarations I confirm that I have prepared the accounts from the records of the Church and they include all funds un r the control of the Ecumenical Church Council. Joseph Treasurer Date... 3c'//. 201 Presentation to thè Ecumenical Church Countil for approval. I confirm that the accounts have been presented to the Ecumenical Church Council on and were approved. 30 November 2022 C Loughri ge Chair of the Meeting 14:12.2QIL Date.... Page 2 Charity Reglstration Number: 1137529 Accounting Period Ended 31 August 2021 St Andrew's Psalter Lane Church Statement of Assets & Liabi1Stles 2022 2021 Cash & Bank Balances Cash in Hand Bank Current Account Central Finance Board Deposit Account TMCP Account TOTAL 55 65,221 22,296 12,656 100,228 55 66,629 22,203 12,633 101,520 Divided as follow5: Church Funds Internal Funds Internal Organisation5 External Organisations TOTAL 86,672 13,256 300 88,537 12,633 300 50 IIXl,228 101,520 2022 2021 Other Assets (Unrestricted Funds) Debtors Church Building Ilnsurance Value) St Andrew's Church Centre Ilnsurance Value) Shirley House Ilnsurance Value) 14,583 11,500,000 1,164,341 3,229,616 15,908.540 19,941 9,675,824 1,064,292 3,009,873 13,769,930 Other Liabilities {Unrestricted Funds) Creditors 1,000 1.000 Page 3 Charity Registration Number.. 1137529 Accountin8 Period Ended 31 August 2022 St Andrew's Psalter Lane Church Independent Examiner's Report to the Trustees of St Andrew's Psalter Lane Church Responsibilities and basls of report I report to the trustees on my examination of the accounts of St And￿w$ Psalter Lane Church for the year ended 31 August 2022 a$ Set out on paEes I to 3. As the Church's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111'the Act'l. I reporl in respect of my examination of the Church's accounts Carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Direttions given by the Charity Commission under section 14515llbl of the Act. Independent Examiner's Statement I have completed my examination. I confirm that no material matters have come to my attention in connertion with the examination which give me cause to believe that in, any material respect.. I the accounting records were not kept in accordance with Section 130 of the Act; or 2 the accounts do not accord with the accounting record5 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 reathed. I have not obtained independent veriflcation of all investments with the Trustees for Methodist Church Purposes or held in other Trusts, bank balances and funds at the Central Finance Board of the Methodist Church, which are individually in excess of £IO,(HJO at the balance sheet date. JJIJ, S L Bladen FCA Date ..ry/ il/zi Hawsons Limited Chartered Accountants Pegasus House 463a Glossop Road Sheffield SIO 2QD Page 4 ## **St Andrew’s Psalter Lane Church** ## **Reserves Policy** ## **31 August 2022** On 31 August 2022 our unrestricted reserves were £87,000, which is a similar amount to last year. We have carefully considered our present financial position and future obligations. Due to the substantial increase in the cost of gas and electricity together with other cost increases our operating budget for the coming year shows a deficit of £15,000. We are exploring ways in which we can achieve a substantial reduction in this hole in our finances. Where possible we are trying to reduce expenses and increase income. We are planning to appeal to our members and friends asking them to consider increasing their planned giving. In addition, we’re aiming to increase income from our lettings and make savings and efficiencies in our expenses. Also, we are faced with the task of undertaking major repairs to the church building. The spire is in a distressed state and it will cost in the region of £135,000 to repair. At present it is not in a dangerous condition, however, it is deteriorating particularly in the colder winter months. In the coming year, we are planning to finance the repairs using part of our existing reserves together with an appeal to members involving various fund-raising efforts. It is also hoped that we will be successful in obtaining some financial support from grant making charities. Clearly, we don’t have sufficient resources to meet all our present needs, however, our trustees are aware of the urgent necessity to put in place measures to resolve our operating deficit and raise sufficient funds to complete the repairs. Joe Dey Treasurer November 2022 Page 5