REGISTERED CHARITY NUMBER: 1137628
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
FOR
ST. MARK WITH ST. BARTHOLOMEW CHURCH (CHURCH OF ENGLAND) DALSTON LONDON
Alex & Co Chartered Certified Accountants 46A Fairlawn Park Sydenham London SE26 5RY
ST. MARK WITH ST. BARTHOLOMEW CHURCH (CHURCH OF ENGLAND) DALSTON LONDON
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
| Page | |
|---|---|
| Reference and Administrative Details | 1 |
| Report of the Trustees | 2 to 5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9 to 17 |
| Detailed Statement of Financial Activities | 18 to 19 |
ST. MARK WITH ST. BARTHOLOMEW CHURCH (CHURCH OF ENGLAND) DALSTON LONDON
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2022
Area of Operation: London
PCB members who have served from 1 January 2022 until the date this report was approved are:
Incumbent (ex officio) Rev’d Josh Zvimba Reader (ex officio) Mr. Sam Okoroafor Wardens (ex officio) Ms. Paulette Otto (Treasurer) Mr. Glen Tommy Representatives on the Ms. Shelia - Suso-Runge Deanery Synod (ex officio) Ms. Gloria Williams Elected Members Ms. Helena Farrell Ms. Chante Brown Ms. Cecile Myers (Co-opted Secretary) Ms. Claudette Blake Mr. Emmanuel Oiwoh Ms. Rose Simmons Mr. Joshua Zvimba
PRINCIPAL ADDRESS St Mark's Rise London E8 2LJ REGISTERED CHARITY 1137628 NUMBER INDEPENDENT EXAMINER Alex & Co Chartered Certified Accountants 46A Fairlawn Park Sydenham London SE26 5RY
Page 1
ST. MARK WITH ST. BARTHOLOMEW CHURCH (CHURCH OF ENGLAND) DALSTON LONDON
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022
The PCC Members, who are also trustees of the charity for the purposes of Charities Act 2011, present their report with the independently examined financial statements of the Church for the year ended 31 December 2022. The PCC have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)
OBJECTIVES AND ACTIVITIES
Objectives and aims
The primary objective of the PCC is the promotion in its parish of "the whole mission of the Church of England, pastoral, evangelistic, social and ecumenical". The PCC considers that in doing so it is acting for the public benefit.
Church Attendance
There were 128 persons on the Electoral Roll in April 2022, a considerable number are not resident within the parish. The average attendance at Sunday morning services during the year was 85 adults and 25 children.
Charitable Donations
St. Mark's Church continued to support Hackney Night Shelter, Church Mission Society and Mission Aviation Fellowship.
Volunteers
The PCC and the Incumbent express their thanks for the uncounted hours of effort put in by the many members who volunteer their time and skills, not only to provide regular services, but also to enable the other activities that are part of the church's ministry. The number of regular volunteers (excluding Trustees) is over 30.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The results for the year and financial position of the Church are shown in the annexed financial statements.
The mission of the Church is supported by the contribution of the PCC to the cost to the Diocese of the incumbent (Church Common Fund) and by running the church building. Direct expenditure on local mission activity is shown as Ministry and Mission, and to wider organisations (including that detailed above) as Mission and Other Giving. Apart from the first three months, the following activities and events were not held in the year because of Covid -19 lockdown restrictions:
Bring and Share Garden Party/BBQ Glamour Night Out at the Holiday Inn. Seaside Outing Kew Gardens Men Social Event Women's Social Events Tuesday Drop In centre/lunch/Food Aid for homeless people & local elders/people in need
Page 2
ST. MARK WITH ST. BARTHOLOMEW CHURCH (CHURCH OF ENGLAND) DALSTON LONDON
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022
FINANCIAL REVIEW
Financial position
There has been an increase in income in the year under review from £74,157 to £107,359 by 45%. Last year income was lower due to effect of Covid-19 lockdown where for most of the year the church was closed. Property income in the year £64,790 (2021:£41,535) contributed 60% (2021: 56%) of total income.
The total expenditure in the year was £88,231 (2021: 71,116) This included the Church Common Fund Contribution of £42,600 (2021: £38,000). Other expenditures of £43,749 (2021: £33,116). No depreciation was charged in the year under review.
Principal funding sources
Rental Income from the use of church properties continued to be the main source of income in 2022 however the PCC is thankful for the ongoing support of the Church members (congregants) who continued to support the church with donations and gifts.
Investment policy and objectives
The charity deposits funds with "The CBF Church of England Investment Fund" to ensure a reasonable return in terms of interest and long-term protection from inflation, and to meet ethical investment standards.
Reserves policy
It is PCC policy to maintain a balance on general funds (if possible) of around £10,000 to cover emergency situations that may arise from time to time. The balance of £51,485 on general funds at 31 December 2022 comfortably exceeds this target.
Going concern
The charity trustees continued to make appropriate enquiries, review the impact of the COVID 19 situation on the charity that there are no implications which may be so severe as to cast doubt upon the charity's financial sustainability, and also review that the charity has adequate resources and sufficient sources of funds available for the foreseeable future, and thus the trustees are confident that the charity will continue in operation for the foreseeable future, hence, a going concern basis was adopted by the trustees in preparing the accounts for the year ended 31 December 2022.
FUTURE PLANS
While the level of unrestricted funds in 2022 has remained above the minimum level, there have been a dip in donations received in the year and property income continued to be the main source of income. The PCC will continue to encourage members of the fellowship prayerfully to consider their giving, and to look at other ways of funding activities. The Church will continue to focus its main areas of charitable activities in the coming year so as to meet the objects of the charity. More creative and communitybased projects will be undertaken so as to optimise the use of the Church facilities. The PCC will continue the refurbishment and enhancement of the Halls. It will also continue to drive its mission plan in conjunction with the 2022 Capital Vision.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
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ST. MARK WITH ST. BARTHOLOMEW CHURCH (CHURCH OF ENGLAND) DALSTON LONDON
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022
The Parochial Church Council (PCC) is a corporate body established by the Parochial Church Council (Powers) Measure 1956 (as amended) and the Church Representation Rules (CRR, contained in schedule 3 to the Synodical Government measure 1969 as amended). The PCC of Ecclesiastical Parish of St Marks Dalston was registered with the Charity Commission on 27 August 2010.
Recruitment and appointment of new trustees
Membership of the PCC is specified by the Church Representation Rules (CRR). All Church attendees are encouraged to register on the Electoral Roll if they meet the relevant conditions in the CRR. Those on the Electoral Roll are invited to the Annual Parochial Church Meeting (APCM, held annually in March) and encouraged to consider standing for election to the PCC. The APCM elects lay members to the PCC, and Deanery Synod Representatives (ex officio PCC members); Churchwardens (ex officio on PCC) are elected by Parish Meeting (annually, as APCM). Licensed Readers (ex officio on PCC) are entitled to serve on the PCC.
Organisational structure
The PCC met 7 times in 2022 and four to date in 2023 to oversee and discuss the management of the Church. The PCC have established a Standing Committee which comprises the Incumbent and Churchwardens (ex officio) and the Reader, Secretary and Treasurer, which can take day-to-day or urgent decisions on behalf of the PCC. Other Sub-Committees established during the year are the Worship Group, Social Committee, and Children and Young People's Group.
Induction and training of new trustees
New PCC members are encouraged to attend PCC induction seminars held by the Diocese.
Related parties
Within the Church of England, St. Mark Church Dalston is a member of the Deanery of Hackney and the Diocese of London.
Risk management
The PCC have a duty to identify and review the risks to which the Church is exposed and to ensure appropriate controls are in place to provide reasonable assurance, including against fraud and error. The PCC recognises the health & safety, fire and other risks that are common to most church organisations. Our policies are subject to regular review in order to ensure that controls are appropriate, and risks at an acceptable level. The PCC is unaware of other major risks that may affect the operation of the Church in the foreseeable future.
Safeguarding
The PCC has due regard to House of Bishops' guidance on safeguarding children and vulnerable adults. We have adopted the Diocese's "Safe Church" policy, and keep activities under review.
FUNDS HELD AS CUSTODIAN FOR OTHERS
The Charity did not hold funds as custodians on behalf of others in the year ended 31 December 2022.
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ST. MARK WITH ST. BARTHOLOMEW CHURCH (CHURCH OF ENGLAND) DALSTON LONDON
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
............................................................ Revd. Josh Zvimba - Trustee
Page 5
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ST. MARK WITH ST. BARTHOLOMEW CHURCH (CHURCH OF ENGLAND) DALSTON LONDON
Independent examiner's report to the trustees of St. Mark with St. Bartholomew Church (Church of England) Dalston London
I report to the charity trustees on my examination of the accounts of St. Mark with St. Bartholomew Church (Church of England) Dalston London (the Trust) for the year ended 31 December 2022.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
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 reached.
Alex Mutyaba BSc(Hons) MSc FCCA Alex & Co Chartered Certified Accountants 46A Fairlawn Park Sydenham London SE26 5RY
Date: .............................................
Page 6
ST. MARK WITH ST. BARTHOLOMEW CHURCH (CHURCH OF ENGLAND) DALSTON LONDON
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 35,069 Charitable activities Church Activities Income 68,790 Investment income 2 - Total 103,859 EXPENDITURE ON Charitable activities 3 Common Fund Contribution 42,600 Church Running Costs 31,332 Other 6 14,149 Total 88,081 NET INCOME 15,778 Transfers between funds 11 1,848 Net movement in funds 17,626 RECONCILIATION OF FUNDS Total funds brought forward 33,859 TOTAL FUNDS CARRIED FORWARD 51,485 |
Restricted funds £ 150 - 3,350 3,500 - 150 - 150 3,350 (1,848) 1,502 344,158 345,660 |
31.12.22 Total funds £ 35,219 68,790 3,350 107,359 42,600 31,482 14,149 88,231 19,128 - 19,128 378,017 397,145 |
31.12.21 Total funds £ 28,324 45,803 30 74,157 38,000 25,048 8,068 71,116 3,041 - 3,041 374,976 378,017 |
|---|---|---|---|
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.
The notes form part of these financial statements
Page 7
ST. MARK WITH ST. BARTHOLOMEW CHURCH (CHURCH OF ENGLAND) DALSTON LONDON
BALANCE SHEET 31 DECEMBER 2022
| Unrestricted funds Notes £ CURRENT ASSETS Cash at bank 54,483 CREDITORS Amounts falling due within one year 10 (2,998) NET CURRENT ASSETS 51,485 TOTAL ASSETS LESS CURRENT LIABILITIES 51,485 NET ASSETS 51,485 FUNDS 11 Unrestricted funds Restricted funds TOTAL FUNDS |
31.12.22 31.12.21 Restricted Total Total funds funds funds £ £ £ 345,660 400,143 378,818 - (2,998) (801) 345,660 397,145 378,017 345,660 397,145 378,017 345,660 397,145 378,017 51,485 33,859 345,660 344,158 397,145 378,017 |
1.1.21 Total funds £ 377,866 (2,890) 374,976 374,976 374,976 30,846 344,130 374,976 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Rev’d Josh Zvimba - Trustee
............................................. Mr. Glen Tommy - Trustee
The notes form part of these financial statements
Page 8
ST. MARK WITH ST. BARTHOLOMEW CHURCH (CHURCH OF ENGLAND) DALSTON LONDON
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Hall Refurbishment 20% Roof Restoration 20% Equipment Fixtures & Fittings 20%
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
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ST. MARK WITH ST. BARTHOLOMEW CHURCH (CHURCH OF ENGLAND) DALSTON LONDON
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
2. INVESTMENT INCOME
| Unrestricted funds £ Deposit account interest - 3. CHARITABLE ACTIVITIES COSTS Common Fund Contributions Church Running Costs Mission and Other Giving 4. DIRECT COSTS OF CHARITABLE ACTIVITIES Rates and water Insurance Light and heat Telephone Postage and stationery Common Church Contribution Church Cleaning Congregational Activities Music Expenses Books and Teaching Materials Training TV licence Hospitality & Refreshment Drop in Expenses Honorarium Decoration Flowers & Gardening Website Hosting |
Restricted funds £ 3,350 |
31.12.22 Total funds £ 3,350 31.12.21 £ 38,000 25,048 - 63,048 31.12.22 £ 522 10,801 9,334 885 432 42,600 1,977 1,199 1,312 511 183 319 1,189 63 1,375 - 230 72,932 |
31.12.21 Total funds £ 30 31.12.20 £ 40,300 30,196 70,496 31.12.21 £ 549 10,391 10,816 845 190 38,000 984 - (510) 410 - 304 417 - 570 82 - 63,048 |
|
|---|---|---|---|---|
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ST. MARK WITH ST. BARTHOLOMEW CHURCH (CHURCH OF ENGLAND) DALSTON LONDON
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
5. SUPPORT COSTS
| Property Governance Maintenance costs £ £ Other resources expended 4,189 9,960 Church Running Costs - 1,150 4,189 11,110 31.12.21 £ Property maintenance 7,198 Finance Costs - Governance 870 8,068 Support costs, included in the above, are as follows: Property maintenance 31.12.22 Other resources expended £ Repairs & Maintenance 4,189 Governance costs 31.12.22 Other Church resources Running Total expended Costs activities £ £ £ Auditors' remuneration for non audit work - 1,000 1,000 Accountancy and legal fees 9,960 150 10,110 9,960 1,150 11,110 |
Totals £ 14,149 1,150 15,299 31.12.20 £ 20,567 15 3,100 23,682 31.12.21 Total activities £ 7,198 31.12.21 Total activities £ 800 70 870 |
|---|---|
Support costs, included in the above, are as follows:
Property maintenance
Governance costs
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ST. MARK WITH ST. BARTHOLOMEW CHURCH (CHURCH OF ENGLAND) DALSTON LONDON
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
6. OTHER
| OTHER | ||||
|---|---|---|---|---|
| 31.12.22 | 31.12.21 | |||
| Unrestricted | Restricted | Total |
Total | |
| funds | funds | funds | funds | |
| £ | £ | £ | £ | |
| Support costs | 14,149 | - | 14,149 | 8,068 |
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 28,280 Charitable activities Church Activities Income 45,803 Investment income - Total 74,083 EXPENDITURE ON Charitable activities Common Fund Contribution 38,000 Church Running Costs 25,003 Other 8,068 Total 71,071 NET INCOME 3,012 Transfers between funds 1 |
Restricted funds £ 44 - 30 74 - 45 - 45 29 (1) |
Total funds £ 28,324 45,803 30 74,157 38,000 25,048 8,068 71,116 3,041 - |
|---|---|---|
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ST. MARK WITH ST. BARTHOLOMEW CHURCH (CHURCH OF ENGLAND) DALSTON LONDON
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
| 8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted funds funds £ £ Net movement in funds 3,013 28 RECONCILIATION OF FUNDS Total funds brought forward 30,846 344,130 TOTAL FUNDS CARRIED FORWARD 33,859 344,158 9. TANGIBLE FIXED ASSETS Improvements Fixtures to Plant and and property machinery fittings £ £ £ COST At 1 January 2022 and 31 December 2022 404,454 153,007 50,772 DEPRECIATION At 1 January 2022 and 31 December 2022 404,454 153,007 50,772 NET BOOK VALUE At 31 December 2022 - - - At 31 December 2021 - - - |
Total funds £ 3,041 374,976 378,017 Totals £ 608,233 608,233 - - |
|---|---|
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ST. MARK WITH ST. BARTHOLOMEW CHURCH (CHURCH OF ENGLAND) DALSTON LONDON
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other creditors 11. MOVEMENT IN FUNDS Net movement At 1.1.22 in funds £ £ Unrestricted funds General fund 33,859 15,778 Restricted funds Bell Fund 1,344 13 Organ Fund 1,319 13 Other Restricted Fund 1,100 - Bishop Waltham Deanery Fund 750 - Reserve Fund 13,168 130 Restoration Fund 221,436 2,157 Hall Refurbishment Fund 105,041 1,037 344,158 3,350 TOTAL FUNDS 378,017 19,128 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 103,859 Restricted funds Bell Fund 13 Organ Fund 13 Other Restricted Fund 150 Reserve Fund 130 Restoration Fund 2,157 Hall Refurbishment Fund 1,037 3,500 TOTAL FUNDS 107,359 |
31.12.22 31.12.21 £ £ 2,998 801 Transfers between At funds 31.12.22 £ £ 1,848 51,485 - 1,357 - 1,332 (1,100) - (750) - - 13,298 11 223,604 (9) 106,069 (1,848) 345,660 - 397,145 Resources Movement expended in funds £ £ (88,081) 15,778 - 13 - 13 (150) - - 130 - 2,157 - 1,037 (150) 3,350 (88,231) 19,128 |
|---|---|
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ST. MARK WITH ST. BARTHOLOMEW CHURCH (CHURCH OF ENGLAND) DALSTON LONDON
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
11. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund Restricted funds Bell Fund Organ Fund Other Restricted Fund Bishop Waltham Deanery Fund Reserve Fund Restoration Fund Hall Refurbishment Fund TOTAL FUNDS |
At 1.1.21 £ 30,846 1,344 1,319 1,100 750 13,168 221,417 105,032 344,130 374,976 |
Net movement in funds £ 3,012 - - - - 1 19 9 29 3,041 |
Transfers between funds £ 1 (1) - - - - - - (1) - |
At 31.12.21 £ 33,859 1,343 1,319 1,100 750 13,169 221,436 105,041 344,158 378,017 |
|---|---|---|---|---|
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 74,083 | (71,071) | 3,012 |
| Restricted funds | |||
| Other Restricted Fund | 45 | (45) | - |
| Reserve Fund | 1 | - | 1 |
| Restoration Fund | 19 | - | 19 |
| Hall Refurbishment Fund | 9 | - | 9 |
| 74 | (45) | 29 | |
| TOTAL FUNDS | 74,157 | (71,116) | 3,041 |
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ST. MARK WITH ST. BARTHOLOMEW CHURCH (CHURCH OF ENGLAND) DALSTON LONDON
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
11. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Bell Fund Organ Fund Other Restricted Fund Bishop Waltham Deanery Fund Reserve Fund Restoration Fund Hall Refurbishment Fund TOTAL FUNDS |
At 1.1.21 £ 30,846 1,344 1,319 1,100 750 13,168 221,417 105,032 344,130 374,976 |
Net movement in funds £ 18,790 13 13 - - 131 2,176 1,046 3,379 22,169 |
Transfers between funds £ 1,849 (1) - (1,100) (750) - 11 (9) (1,849) - |
At 31.12.22 £ 51,485 1,356 1,332 - - 13,299 223,604 106,069 345,660 397,145 |
|---|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Bell Fund Organ Fund Other Restricted Fund Reserve Fund Restoration Fund Hall Refurbishment Fund TOTAL FUNDS |
Incoming resources £ 177,942 13 13 195 131 2,176 1,046 3,574 181,516 |
Resources Movement expended in funds £ £ (159,152) 18,790 - 13 - 13 (195) - - 131 - 2,176 - 1,046 (195) 3,379 (159,347) 22,169 |
|---|---|---|
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ST. MARK WITH ST. BARTHOLOMEW CHURCH (CHURCH OF ENGLAND) DALSTON LONDON
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2022.
13. GOING CONCERN
The charity trustees have continued to make appropriate enquiries, review the impact of the COVID 19 situation on the charity that there are no implications which may be so severe as to cast doubt upon the charity's financial sustainability, and also review that the charity has adequate resources and sufficient sources of funds available for the foreseeable future, and thus the trustees are confident that the charity will continue in operation for the foreseeable future, hence, a going concern basis was adopted by the trustees in preparing the accounts for the year ended 31 December 2022.
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ST. MARK WITH ST. BARTHOLOMEW CHURCH (CHURCH OF ENGLAND) DALSTON LONDON
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022
| 31.12.22 | 31.12.21 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Unplanned Giving | 3,532 | 4,190 |
| Planned Giving | 19,940 | 20,034 |
| Gift aid | 5,008 | - |
| Highgate Carols | 433 | - |
| Appeals | - | 35 |
| Food Aid | 25 | - |
| Funeral Services | 2,830 | 3,663 |
| Wedding Services | 361 | 357 |
| Church box | 240 | - |
| Church cleaning | 150 | 45 |
| Memorial Service | 59 | - |
| London Diocesan Fund | 2,641 | - |
| 35,219 | 28,324 | |
| Investment income | ||
| Deposit account interest | 3,350 | 30 |
| Charitable activities | ||
| Parochial fees | 4,673 | 4,268 |
| Property Income | 64,117 | 41,535 |
| 68,790 | 45,803 | |
| Total incoming resources | 107,359 | 74,157 |
| EXPENDITURE | ||
| Charitable activities | ||
| Rates and water | 522 | 549 |
| Insurance | 10,801 | 10,391 |
| Light and heat | 9,334 | 10,816 |
| Telephone | 885 | 845 |
| Postage and stationery | 432 | 190 |
| Common Church Contribution | 42,600 | 38,000 |
| Carried forward | 64,574 | 60,791 |
This page does not form part of the statutory financial statements
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ST. MARK WITH ST. BARTHOLOMEW CHURCH (CHURCH OF ENGLAND) DALSTON LONDON
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022
| 31.12.22 | 31.12.21 | |
|---|---|---|
| £ | £ | |
| Charitable activities | ||
| Brought forward | 64,574 | 60,791 |
| Church Cleaning | 1,977 | 984 |
| Congregational Activities | 1,199 | - |
| Music Expenses | 1,312 | (510) |
| Books and Teaching Materials | 511 | 410 |
| Training | 183 | - |
| TV licence | 319 | 304 |
| Hospitality & Refreshment | 1,189 | 417 |
| Drop in Expenses | 63 | - |
| Honorarium | 1,375 | 570 |
| Decoration Flowers & Gardening | - | 82 |
| Website Hosting | 230 | - |
| 72,932 | 63,048 | |
| Support costs | ||
| Property Maintenance | ||
| Repairs & Maintenance | 4,189 | 7,198 |
| Governance costs | ||
| Independent Examiners fees | 1,000 | 800 |
| Accountancy and legal fees | 10,110 | 70 |
| 11,110 | 870 | |
| Total resources expended | 88,231 | 71,116 |
| Net income | 19,128 | 3,041 |
This page does not form part of the statutory financial statements
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