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||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|
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|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||
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||||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|
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||||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|||
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||||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|
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|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||
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||||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|
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||||||||||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|
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||||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|
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|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|
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|||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|
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||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|
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|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|
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|||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|(ยป503)|||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|
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||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|
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