| Page | |
|---|---|
| Reference and Administrative Details |
1 |
| Report ofthe Trustees | 2to4 |
| Report ofthe Independent Auditors |
5to7 |
| Statement ofFinancial Activities | |
| Statement ofFinancial Position | |
| Statement ofCash Flows | 10tn 11 |
| Notes to the Financial Statements | 12to24 |
| PCC memb | ers w |
ho have serve | d from I January 2022 until the date this | d from I January 2022 until the date this | report was | approved were: |
|---|---|---|---|---|---|---|
| Incumbent: | The Rev'd Louis Wilson - Chairman | (appointed | 5th September 2022) | |||
| Church Wardens: | Mr Simon Pilcher | |||||
| , Mr Richard Peake | ||||||
| Elected Members: | Mrs Cathy Ward | |||||
| Mrs Isobel Brooks - Secretary | ||||||
| Mr James Pimblett- Deanery | Synod Rep | |||||
| Mr Richard Hurry (resigned 9th May | 2022) | |||||
| Mrs Sandra Turner - Deanery | Synod | Rep | ||||
| Mrs Annabel Cottam |
||||||
| Mr Malcolm McFrederick | ||||||
| Mrs Shirley Wilcock | ||||||
| Mrs Debra Packford | ||||||
| Mr Derek Ward | ||||||
| Mr Justin Brister | ||||||
| Mr Roger Hughes-Penney -Treasurer |
(appointed | 9th May 2022) | ||||
| Co-opted Member: | The Rev'd Stephen Bazlinton | |||||
| Professional | Advisors | |||||
| Bankers: | Barclays Bank Plc, Leicester LE872BB | |||||
| Investment | Managers: | Ruffer LLP, 80Victoria Street, London, SWIE5JL | ||||
| Auditors: | Barrow LLP,Jackson house, | Station | Road, London, E47BU |
| Unrestricted | Restricted | Endowment | Total | Total | |||
|---|---|---|---|---|---|---|---|
| Notes | Funds (8) | Funds (8) | Funds (8) | ||||
| Income | |||||||
| Donations | 2(a) | 1,173 | 2,354,344 | 2)355,517 | 101,095 | ||
| Investments | 2(b) | 42 | 6,751 | 167 | 6,960 | 162 | |
| Charitable activities |
2(c) | 1,111 | 1,111 | 424 | |||
| Other income | 2(d) | 1,341 | |||||
| Total income | 8 | 2,326 | 2,361,095 | 167 | 2863,588 | 103,022 | |
| Expenditure | |||||||
| Charitable activities |
3(a) | 1,249 | 135,299 | 200 | 136,748 | 128,655 | |
| Other costs | 3(b) | (285) | (285) | ||||
| Total expenditure | 8 | 1,249 | 135,014 | 200 | 136,463 | 128,655 | |
| Net income/(expenditure) before |
|||||||
| investment | gains | 1,077 | 2,226,081 | (33) | 2827,125 | (25,633) | |
| Net gains/(losses) on investments |
5(b) | 53,510 | (911) | 52,599 | 797 | ||
| Transfer between funds | 8 | (5,000) | 5,000 | ||||
| Net income/(expenditure) being movement offunds |
(3,923) | 2,284,591 | (944) | 2,279,724 | (24,836) | ||
| Total funds | as originally stated |
2,317,501 | |||||
| Prior year adjustment | 10 | (2,136,640) | |||||
| Total funds | brought forward | 8 | 21,854 | 127,816 | 6,355 | 156,025 | 180,861 |
| Total funds | carried forward | 17,931 | 2)412)407 | 5,411 | 2,435,749 | 156,025 |
| Notes | 2022 g | 2021 g | |||
|---|---|---|---|---|---|
| Fixed assets | |||||
| Tangible | 5(a) | 12s882 | |||
| Investments | 5(b) | 461,897 | 6,355 | ||
| Total fixed | assets | 474,779 | 6,355 | ||
| Current assets |
|||||
| Debtors | 6 | 28,327 | 1,278 | ||
| Cash at bank | snd in hand | 1,959,000 | 150,360 | ||
| Total current assets | 1,987,327 | 151,638 | |||
| Creditors: amounts | falling due within one year | 7 | 26357 | 1,968 | |
| Net current | assets | 1,960,970 | 149,670 | ||
| Total Net assets | 2,435,749 | 156,025 | |||
| Funds | |||||
| Unrestricted | funds | 8 8r.9 | 17,931 | 21,854 | |
| Restricted funds | 8 &,9 | 2,412,407 | 127,816 | ||
| Endowment | funds | 8&9 | 5,411 | 6,355 | |
| 2,435,749 | 156,025 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | |||||||
| Cash flows from operating activities: |
|||||||
| Net cash provided by (used in) operating | activities | ||||||
| Cash flow from investing activities |
|||||||
| Investments received as gifts |
(1,159,649) | ||||||
| Proceeds from sale ofinvcstmeuts | 756,706 | ||||||
| Net cash &om investing activities |
(52,599) | (797) | |||||
| Purchase oftangible fixed assets | (16,102) | ||||||
| Cash flow from financing activities |
|||||||
| Change in cash and cash equivalents | in | the | reporting | period | 1,808,640 | (24,697) | |
| Cash and cash equivalents at the beginning |
ofthe reporting period | 2 | |||||
| Cash and cash equivalents at the end |
of | the | reporting | period | 2 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Net income/(expenditure) | for the reporting period | 2,279,724 | (24,836) | |
| Depreciation charges |
3,220 | |||
| (increase)/decrease | in debtors | (27,049) | (164) | |
| Increase/(decrease) | in creditors | 24389 | II 00 | |
| ~23900 |
| Year | end | 31December 2022 | |||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Cash | and | cash equivalents | ~0 | ~15 | |
| Year | end | 31December 2021 | |||
| 2021 | 2020 | ||||
| f, | |||||
| Cash | and | cash equivalents | ~1 | ~I |
| Unrestricted | Restricted | Endowment | Total | Total Funds | |||
|---|---|---|---|---|---|---|---|
| Funds (g) | Funds (5) | Funds (g) | 2022 5 | 2021(5) | |||
| 2(a) | Donations | ||||||
| Planned giving: | |||||||
| Gift Aid donations | 240 | 74,466 | 74,706 | 66,464 | |||
| Tax recoverable | 220 | 19,695 | 19,915 | 17,366 | |||
| Other | 50 | 6,657 | 6,707 | 8,611 | |||
| Collections (open plate) | 638 | 278 | 916 | 911 | |||
| Grant from Ugley to Benefice | 5,000 | 5,000 | |||||
| Donations, appeals, etc. |
legacies, | 25 | 2,248,248 | 2448,273 | 7,743 | ||
| 1,173 | 2,354,344 | 2,355,517 | 101,095 | ||||
| 2(b) | Investments | ||||||
| Dividends and interest including tax recoverable |
42 | 4,351 | 167 | 4,560 | 162 | ||
| Rental income | 2,400 | 2,400 | |||||
| 42 | 6,751 | 167 | 69960 | 162 | |||
| 2(c) | Charitable activities |
||||||
| Fees from weddings | etc | 424 | |||||
| 424 | |||||||
| 2(d) | Other income | 1,341 | |||||
| 1,341 | |||||||
| Total income | 2,326 | 2,361,095 | 167 | 2/63,588 | 103,022 |
| Total | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted Funds (6) |
Restricted Funds (8) |
Endowment Funds (g) |
Total | Funds 2020 (as restated) |
|||||
| (8) | |||||||||
| 2(a) | Donations | ||||||||
| Planned giving: | |||||||||
| Gifi Aid donations | 240 | 66,224 | 66vt64 | 70,025 | |||||
| Tsx recoverable | 284 | 17,082 | 17466 | 16,321 | |||||
| 100 | 8,511 | 8,611 | 12,735 | ||||||
| Collections | (open plate) | 495 | 416 | 911 | 1,624 | ||||
| Grant &om Ugley to Benefice |
15,000 | ||||||||
| Donations, | appeals etc. | 5,000 | 2,743 | 7,743 | 2,418 | ||||
| 6,119 | 94,976 | 1011095 | 118,123 | ||||||
| 2(b) | Investments | ||||||||
| Dividends including |
and interest tax recoverable |
4 | 158 | 162 | 191 | ||||
| 4 | 158 | 162 | 191 | ||||||
| 2(c) | Charitable | acnvities | |||||||
| Fees from | weddings | etc | 424 | 424 | 636 | ||||
| Benefice Weekead Away | 5,473 | ||||||||
| 424 | 424 | 6,113 | |||||||
| 2(d) | Other income | 15 | 1,326 | 1841 | 5,360 | ||||
| 15 | 1,326 | 1841 | 5,360 | ||||||
| Total income | 6,562 | 96,460 | 103,022 | 129,787 |
| Unrestricted Funds(f) |
Restricted Funds(g) |
Endowment Funds(X) |
Total Funds 2022 (8) |
Total Funds 2021(8) |
|||
|---|---|---|---|---|---|---|---|
| 3(a) | Charitable octivi |
des | |||||
| Mission and charitable glvlllg |
9,673 | 9,673 | 10,777 | ||||
| Parish Share | 79,267 | 79,267 | 76,302 | ||||
| Employment costs 4(a) |
15,102 | 15,102 | 28,163 | ||||
| Employees' expenses |
1,000 | 1,000 | 1,915 | ||||
| Office Et Hall | 150 | 7,699 | 7,849 | 4,714 | |||
| Church running expenses |
91 | 2,289 | 2380 | ||||
| Church maintenance | 5,266 | 5,266 | 284 | ||||
| Church building | repairs | 150 | 5,399 | 200 | 5,749 | ||
| Upkeep ofservices | 593 | 405 | 998 | 2,191 | |||
| Depreciation | 3,221 | 3,221 | |||||
| Bank Charges | 104 | 104 | |||||
| Governance | 5,262 | 5,262 | |||||
| 265 | 612 | 877 | 4,309 | ||||
| 1,249 | 135,299 | 200 | 136,748 | 128,655 | |||
| 3(b) | Other costs | ||||||
| Property running | costs | (285) | (285) | ||||
| Total Expenditure | 1,249 | 135,014 | 200 | 136,463 | 128,655 |
| 3 Expenditure |
for | prior year ( | 2021) | |||
|---|---|---|---|---|---|---|
| Tottd | ||||||
| Unrestricted Funds (8) |
Restricted Funds (8) |
Endowment Funds (8) |
Total Funds 2021(8) |
Funds 2020 (as restated) |
||
| (8) | ||||||
| Charitable activities |
||||||
| Mission snd charitable giving |
175 | 10,602 | 10,777 | 10,401 | ||
| Parish Share | 76,302 | 76,302 | 80,519 | |||
| Employment costs |
4(a) | 28,163 | 28,163 | 54,342 | ||
| Employees' expenses |
1,915 | 1,915 | 6,456 | |||
| Conferences | ||||||
| Officea Hall | 4,714 | 4,714 | 4,892 | |||
| Church running | 398 | |||||
| expenses | ||||||
| Church maintenance | 284 | 284 | 33 | |||
| Upkeep ofservices | 463 | 1,728 | 2,191 | 928 | ||
| Evangelism | ||||||
| Equipment | 153 | |||||
| Benefice Weekend Away |
5,138 | |||||
| Sundry | 4,309 | 4,309 | 2,790 | |||
| Total Expenditure | 922 | 127,733 | 128,655 | 166,050 |
| Unrestricted Funds (I) |
Restricted Funds (K) |
Endowment Funds (0) |
Total Funds 2022 (0) |
Total Funds 2021 (K) |
||
|---|---|---|---|---|---|---|
| Salaries | 14,011 | 14,011 | 24,195 | |||
| National insurance contribusons |
1,091 | 1,091 | 780 | |||
| Pension | contributions | 3,188 | ||||
| 15,102 | 15,102 | 28,163 |
| Equipment/ | |
|---|---|
| Furniture | |
| (8) | |
| Cost | |
| At start ofyear | |
| Additions | 16,102 |
| At end ofyear | 16,102 |
| Depreciation | |
| At start ofyear | |
| Change in the year | 3,220 |
| At end ofyear | 3,220 |
| Net book value at end of | |
| year | 12,882 |
| At 31stDecember 2021 |
| 2022 (8) | 2021(8) | |
|---|---|---|
| Ar market value | ||
| Securities and invested cash | 301,288 | 6,355 |
| UK investment properties |
160,609 | |
| 461,897 | 6,355 | |
| Market value at start ofyear | 6,355 | 5,558 |
| Disposals at carrying value | (756,706) | |
| Purchases and Legacies |
1,159,649 | |
| Net gains/(losses) on investments |
52,599 | 797 |
| Market value at end ofyear | 461,897 | 6,355 |
| 8.Statement | ofFunds | (continued) | |||||
|---|---|---|---|---|---|---|---|
| Balance | Invest- | ||||||
| at 1- | meat | ||||||
| Jaa | Gains/ | Balaace at | |||||
| 2022 | Income | Expenditure | (Losses) | Transfers | 31-Dec | ||
| (~) | (8) | (&) | (8) | 2022 (g) | |||
| Unrestricted | funds | ||||||
| General | 21,854 | 2,326 | (1,249) | (5,000) | 17,931 | ||
| Restricted funds | |||||||
| Winmill | 1,767,542 | (16,825) | 53,510 | 1,804,227 | |||
| Bannehr | 471,998 | 471,998 | |||||
| Vicar's Discretionary | 1,356 | 3,675 | (509) | 4,522 | |||
| HEU Benefice | 102,350 | 117,717 | (117,680) | 5,000 | 107,387 | ||
| Fabric | 11,474 | 163 | 11,637 | ||||
| Benefice Weekend Away |
2,439 | 2,439 | |||||
| Overs | 197 | 197 | |||||
| Pimblett | 10,000 | 10,000 | |||||
| 127,816 | 2,361,095 | (135,014) | 53,510 | 5,000 | 2,412,407 | ||
| Endowment | funds | ||||||
| Ormerod | 1,718 | 45 | (200) | (247) | 1,316 | ||
| Pilkington | 4,496 | 118 | (647) | 3,967 | |||
| Chancel tithe | 141 | 4 | (17) | 128 | |||
| 6,355 | 167 | (200) | (911) | - | 5,411 | ||
| Total funds | 156)025 | 2,363,588 | (136,463) | 52,599 | 2,435,749 |
| Balance | Invest- | ||||||
|---|---|---|---|---|---|---|---|
| at | ment | Balance at | |||||
| 13an-21 | Income | Expenditure | gains | Transfers | 31-Dec-21 | ||
| (8) | (0) | (0) | (6) | (8) | (8) | ||
| Unrestricted | funds | ||||||
| General | 17,714 | 6,562 | (922) | (1,500) | 21,854 | ||
| Restricted funds | |||||||
| Vicar's Discretionary | 2,159 | 2,700 | (»503) | 1,356 | |||
| HEU Benefice | 130,949 | 93,602 | (123,701) | 1,500 | 102,350 | ||
| Fabric | 11,316 | 158 | 11,474 | ||||
| Benefice Weekend Away | 2,439 | 2,439 | |||||
| Children and |
Youth Work | 529 | (529) | ||||
| Overs | 197 | 197 | |||||
| Pimblett | 10,000 | 10,000 | |||||
| 157,589 | 96,460 | (127,733) | 1,500 | 127,816 | |||
| Endowment | funds | ||||||
| Ormerod | 1,503 | 215 | 1,718 | ||||
| Pilkington | 3,934 | 562 | 4,496 | ||||
| Chancel tithe | 121 | 20 | 141 | ||||
| 5,558 | 797 | 6,355 | |||||
| Total funds | 180,861 | 103,022 | (128,655) | 797 | 156,025 |
| Unrestricted funds (8) |
Restricted funds (8) |
Endowment funds (8) |
Total (8) | |
|---|---|---|---|---|
| Tangible fixed assets | 12,882 | 12,882 | ||
| Investment assets |
456,286 | 5,611 | 461,897 | |
| Net current assets | 17,931 | 1,943,239 | (200) | 1,960,970 |
| Total funds at 31December 2022 | 17,931 | 2,412,407 | 5,411 | 2,435,749 |
| Tangible fixed assets | ||||
| Investment assets |
6,355 | 6,355 | ||
| Net current assets | 21,854 | 127,816 | 149,670 | |
| Total funds at 31December 2021 | 21,854 | 127,816 | 6,355 | 156,025 |