| Page | |||
|---|---|---|---|
| Trustees' | annual report |
||
| Independent examiner's report to the trustees |
|||
| Statement | of financial | activities | |
| Statement | of financial | position | |
| Notes to the financial | statements | 10 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | |||||
| funds | funds | Total funds | Total funds | |||
| Note | 2 | 2 | 2 | 2 | ||
| Income and endowments | ||||||
| Donations and legacies |
4 | 55,521 | 914 | 56,435 | 50,766 | |
| Charitable activities |
5 | 13,314 | 456 | 13,770 | 11,617 | |
| Investment income |
6 | 603 | 3,778 | 4,381 | 2,779 | |
| Other income | 7 | 46,711 | 2,535 | 49,246 | 20,013 | |
| Total income | 116,149 | 7,683 | 123,832 | 85,175 | ||
| Expenditure | ||||||
| Expenditure on charitable |
activities | 8,9 | 108,587 | 10,047 | 118,634 | 87,829 |
| Total expenditure | 108,587 | 10,047 | 118,634 | 87,829 | ||
| Net income/(expenditure) | 7,562 | (2,364) | 5,198 | (2,654) | ||
| Transfers between funds |
(13,190) | 13,190 | ||||
| Restricted gains/(losses) | ||||||
| Unrestricted gains/(losses) Restricted gains/(losses) |
(3,822) | (14,464) | (3,822) (14,464) |
(205) 15,743 |
||
| Net movement in funds |
(9,450) | (3,638) | (13,088) | 12,884 | ||
| Reconciliation offunds |
||||||
| Total funds brought forward |
54,027 | 156,604 | 210,631 | 197,747 | ||
| Total funds carried forward | 44,577 | 152,966 | 197,543 | 210,631 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Note | 2 | ||||
| Fixed assets | |||||
| Tangible fixed assets |
15 | 157 | 210 | ||
| Current assets | |||||
| Debtors | 16 | 57 | |||
| Investments | 17 | 138,293 | 156,579 | ||
| Cash at bank and in | hand | 65,424 | 60,441 | ||
| 203,774 | 217,020 | ||||
| Creditors: amounts | falling | due within one year | 18 | 6,388 | 6,599 |
| Net current assets | 197,386 | 210,421 | |||
| Total assets less current | liabilities | 197,543 | 210,631 | ||
| Funds ofthe charity | |||||
| Restricted funds | 152,966 | 156,604 | |||
| Unrestricted funds |
44,577 | 54,027 | |||
| Total charity funds | 19 | 197,543 | 210,631 |
| Ye | ar ended 31 December 2022 | ar ended 31 December 2022 | |||
|---|---|---|---|---|---|
| 4. | Donations and legacies |
||||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2022 | |||
| 2 | |||||
| Donations | |||||
| Cash collections at services (gift aid reclaimed) | 9,152 | 9,152 | |||
| Planned giving (gift aided) |
5,295 | 5,295 | |||
| Planned giving (not gift aided) |
853 | 853 | |||
| Parish giving scheme | 21,083 | 21,083 | |||
| Parish giving scheme | (gift aid reclaimed) | 4,939 | 4,939 | ||
| Gift aid tax reclaimed | 4,183 | 4,183 | |||
| Gift aided donations | 2,181 | 700 | 2,881 | ||
| Non gift aided donations | 1,473 | 214 | 1,687 | ||
| Pew sheets | 40 | 40 | |||
| Every penny counts | 4 | 4 | |||
| Easy fundraising 8 yellow moon dividends |
70 | 70 | |||
| Agency collections | 1,223 | 1,223 | |||
| Grants | |||||
| Grants | 5,025 | 5,025 | |||
| 55,521 | 914 | 56,435 | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2021 | |||
| 2 | 2 | ||||
| Donations | |||||
| Cash collections at services (gift aid reclaimed) | 7,867 | 7,867 | |||
| Planned giving (gift aided) |
5,932 | 5,932 | |||
| Planned giving (not gift aided) |
862 | 862 | |||
| Parish giving scheme | 19,507 | 19,507 | |||
| Parish giving scheme |
(gift aid reclaimed) | 4,616 | 4,616 | ||
| Gift aid tax reclaimed | 5,333 | 5,333 | |||
| Gift aided donations | 2,915 | 1,289 | 4,204 | ||
| Non gift aided donations | 236 | 429 | 665 | ||
| Pew sheets | |||||
| Every penny counts | 5 | 5 | |||
| Easy fundraising & yellow moon dividends |
69 | 69 | |||
| Agency collections | 706 | 706 | |||
| Grants | |||||
| Grants | 1,000 | 1,000 | |||
| 49,048 | 1,718 | 50,766 |
| Unrestricted | Restricted | Total Funds | |||
|---|---|---|---|---|---|
| Funds | Funds | 2022 | |||
| 2 | 2 | ||||
| Hall hire | 4,122 | 4,122 | |||
| PCC Statutory fees (Weddings/Funerals) | 1,958 | 1,958 | |||
| Diocesan Parochial Fees | 172 | 172 | |||
| Community | lunches | 261 | 261 | ||
| Flower Fund | |||||
| Fundraising | events | 5,122 | 456 | 5,578 | |
| Parish magazine | safes 8 advertising | ||||
| Bar income | 1,679 | 1,679 | |||
| 13,314 | 456 | 13,770 | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2021 | |||
| 2 | 2 | ||||
| Hall hire | 3,674 | 3,674 | |||
| PCC Statutory fees (Weddings/Funerals) | 2,042 | 124 | 2,166 | ||
| Diocesan Parochial Fees | 139 | 139 | |||
| Community | lunches | ||||
| Flower Fund | 35 | 35 | |||
| Fundraising | events | 3,550 | 3,550 | ||
| Parish magazine | sales & advertising | 1,100 | 1,100 | ||
| Bar income | 953 | 953 | |||
| 11,458 | 159 | 11,617 |
| Investment income |
|||
|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2022 | |
| 'E | 2 | ||
| Interest | 266 | 266 | |
| M&G Dividends | 603 | 3,512 | 4,115 |
| 603 | 3,778 | 4,381 | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2021 | |
| Interest | 1 | 42 | 43 |
| M&G Dividends | 1 | 2,735 | 2,736 |
| 2 | 2,777 | 2,779 |
| Other inc | ome | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2022 | ||
| 8 | E | |||
| Miscellaneous | 1,301 | 1,301 | ||
| Vat Reclaimed | 2,535 | 2,535 | ||
| Insurance | claim | 45,410 | 45,410 | |
| 46,711 | 2,535 | 49,246 | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2021 | ||
| 2 | 2 | |||
| Miscellaneous | 2,903 | 2,903 | ||
| Vat Reclaimed | 424 | 424 | ||
| Insurance | claim | 16,686 | 16,686 | |
| 19,589 | 424 | 20,013 |
| Expenditur | e on charitable activities |
by fund type | ||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2022 | ||
| 2 | ||||
| Charitable | activities | 39,087 | 2,601 | 41,688 |
| Support costs | 69,500 | 7,446 | 76,946 | |
| 108,587 | 10,047 | 118,634 | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2021 | ||
| 2 | ||||
| Charitable | activities | 52,301 | 1,013 | 53,314 |
| Support costs | 31,079 | 3,436 | 34,515 | |
| 83,380 | 4,449 | 87,829 |
| Support cost | Support cost | s | , 31,079 83,380 |
, 3,436 4,449 |
, 34,515 87,829 |
||
|---|---|---|---|---|---|---|---|
| 9. | Expenditure | on charitable | activities by activity type | ||||
| Activities | |||||||
| undertaken | Support | Total funds | Total fund | ||||
| directly | costs | 2022 | 2021 | ||||
| 2 | 2 | ||||||
| Charitable | activities | 41,688 | 76,946 | 118,634 | 87,829 |
| Analysis of s | upport costs | |||
|---|---|---|---|---|
| Analysis of |
||||
| support costs f |
Total 2022 2 |
Total 2021 | ||
| Staff costs | 180 | |||
| General office | 935 | 935 | 1,067 | |
| Finance costs | 34 | 34 | 13 | |
| Maintenance | and utilities | 23,610 | 23,610 | 15,848 |
| Upkeep of services and insurance | 17,333 | 17,333 | 14,397 | |
| Depreciation | 53 | 53 | 70 | |
| Miscellaneous | expenditure | 1,243 | 1,243 | 737 |
| Roof and development | 33,738 | 33,738 | 2,203 | |
| 76,946 | 76,946 | 34,515 |
| Net income/(expenditure | Net income/(expenditure | ) | ||
|---|---|---|---|---|
| Net income/(expenditure) | is stated after charging/(crediting): | |||
| 2022 | 2021 | |||
| 2 | ||||
| Depreciation | of tangible | fixed assets | 53 | 70 |
| 15. | Tangible fixed ass | ets | ||
|---|---|---|---|---|
| Fixtures and | ||||
| fittings | ||||
| Cost | ||||
| At 1 January 2022 | and 31 December 2022 | 280 | ||
| Depreciation | ||||
| At 1 January 2022 | 70 | |||
| Charge for the year | 53 | |||
| At 31 December 2022 | 123 | |||
| Carrying amount |
||||
| At 31 December 2022 | 157 | |||
| At 31 December 2021 | 210 | |||
| 16. | Debtors | |||
| 2022 | 2021 | |||
| 2 | ||||
| Trade debtors | 57 | |||
| 17. | Investments | |||
| 2022 | 2021 | |||
| Total Investments | 138,293 | 156,579 | ||
| 18. | Creditors: amounts | falling due within one year | ||
| 2022 | 2021 | |||
| Trade creditors | 6,388 | 6,599 |
| At | Gains and | At | ||||||
|---|---|---|---|---|---|---|---|---|
| 1 Jan 2022 | Income | Expenditure | Transfers | losses | 31 Dec 2022 | |||
| General funds | 54,860 | 115,988 | (108,587) | (13,290) | (3,822) | 45,149 | ||
| Designated | Fund | |||||||
| - Community | ||||||||
| Lunches | 850 | 161 | 100 | |||||
| Designated | Fund | |||||||
| - Funerals | ||||||||
| (Exeter) | (1,835) | (1,835) | ||||||
| Designated | Fund | |||||||
| - Monuments | 38 | 38 | ||||||
| Designated | fund- | |||||||
| Weddings | Exeter | (400) | (400) | |||||
| General building |
||||||||
| funds | 514 | 514 | ||||||
| 54,027 | 116,149 | (108,587) | (13,190) | (3,822) | 44,577 | |||
| At | Gains and | At | ||||||
| 1 | Jan 2021 | Income | Expenditure | Transfers | losses | 31 Dec 2021 | ||
| General funds | 52,759 | 80,097 | (83,380) | 5,589 | (205) | 54,860 | ||
| Designated | Fund | |||||||
| - Community | ||||||||
| Lunches | 850 | 850 | ||||||
| Designated | Fund | |||||||
| - Funerals | ||||||||
| (Exeter) | (1,835) | (1,835) | ||||||
| Designated | Fund | |||||||
| - Monuments | 38 | 38 | ||||||
| Designated | fund- | |||||||
| Weddings | Exeter | (400) | (400) | |||||
| General building |
||||||||
| funds | 514 | 514 | ||||||
| 51,926 | 80,097 | (83,380) | 5,589 | (205) | 54,027 |
| At | Gains and | At | |||||
|---|---|---|---|---|---|---|---|
| 1 Jan 2022 | Income | Expenditure | Transfers | losses | 31 Dec 2022 | ||
| 6 | 2 | ||||||
| Churchyard | Fund | 3,146 | 47 | 3,193 | |||
| Upkeep of Trinity | |||||||
| Rooms (Parish | |||||||
| Hall) Fund | 7,507 | 7,507 | |||||
| Encouraging | |||||||
| Music in the | |||||||
| Parish Fund | 39,645 | 1,284 | (5,421) | (7,582) | 27,926 | ||
| Support of Youth | |||||||
| Work Fund | 5,351 | 70 | 5,421 | ||||
| Vicars Expenses 6 Outgoings |
|||||||
| Fund | 17,057 | 17,057 |
| 19. | Analysis of charitable | Analysis of charitable | funds | (cont(noerr) | ||||
|---|---|---|---|---|---|---|---|---|
| Maintenance | of | |||||||
| the Choir Fund | 1,606 | 16 | 1,622 | |||||
| Building Project | ||||||||
| Fund | 79,901 | 4,692 | (4,590) | 5,490 | (6,882) | 78,611 | ||
| Flowers Fund | 11 | 27 | (32) | 6 | ||||
| Maintenance | of | |||||||
| St Peter's Organ | ||||||||
| Fund | 633 | 641 | ||||||
| Charities Fund |
793 | 793 | ||||||
| Agency | ||||||||
| Collections | 543 | 543 | ||||||
| Investment | Fund | 411 | 425 | 836 | ||||
| Holy Trinity | ||||||||
| Repair Fund | 1,114 | (4) | 4,275 | 5,385 | ||||
| St Peters Repair | ||||||||
| Fund | 3,425 | 3,425 | ||||||
| 156,604 | 7,683 | (10,047) | 13,190 | (14,464) | 152,966 | |||
| At | Gains and | At | ||||||
| 1 Jan 2021 | Income | Expenditure | Transfers | losses | 31 Dec 2021 | |||
| 6 | 2 | 6 | ||||||
| Churchyard | Fund | 3,141 | 5 | 3,146 | ||||
| Upkeep of Trinity | ||||||||
| Rooms (Parish | ||||||||
| Hall) Fund | 7,507 | 7,507 | ||||||
| Encouraging | ||||||||
| Music in the | ||||||||
| Parish Fund |
38,167 | 834 | (2,132) | (5,585) | 8,361 | 39,645 | ||
| Support of Youth | ||||||||
| Work Fund | 5,348 | 5,351 | ||||||
| Vicars Expenses | ||||||||
| &Outgoings | ||||||||
| Fund | 17,057 | 17,057 |
| Ilfracombe | |||||||
|---|---|---|---|---|---|---|---|
| NOteS tO the FinanCial | StatementS | (conttnuedJ | |||||
| Year ended 31 December 2022 | |||||||
| 19. Analysis of charitable | funds | (continued) | |||||
| Maintenance of |
|||||||
| the Choir Fund | 1,606 | 1,606 | |||||
| Building Project | |||||||
| Fund | 71,068 | 3,666 | (2,206) | (9) | 7,382 | 79,901 | |
| Flowers Fund | 82 | 35 | (111) | 5 | 11 | ||
| Maintenance of |
|||||||
| St Peter's Organ | |||||||
| Fund | 633 | 633 | |||||
| Charities Fund |
793 | 793 | |||||
| Agency | |||||||
| Collections | 419 | 124 | 543 | ||||
| Investment Fund |
411 | 411 | |||||
| Holy Trinity | |||||||
| Repair Fund | |||||||
| St Peters Repair | |||||||
| Fund | |||||||
| 145,821 | 5,078 | (4,449) | (5,589) | 15,743 | 156,604 |
| Analysis of net as | sets between funds | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2022 | ||
| 8 | 2 | |||
| Tangible fixed assets | 157 | 157 | ||
| Investments | 28,973 | 109,320 | 138,293 | |
| Current assets | 21,835 | 43,646 | 65,481 | |
| Creditors less than | 1 year | (6,388) | (6,388) | |
| Net assets | 44,577 | 152,966 | 197,543 | |
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2021 | ||
| 6 | ||||
| Tangible fixed assets | 210 | 210 | ||
| Investments | 32,795 | 123,784 | 156,579 | |
| Current assets | 27,621 | 32,820 | 60,441 | |
| Creditors less than | 1 year | (6,599) | (6,599) | |
| Net assets | 54,027 | 156,604 | 210,631 |