Guardians of St Alphege Church, Solihull Trustees Report 2021 - 2022
After 2 or 3 years when we were unable to arrange any events, during the last year we have had several small ones. Unfortunately, what should have been our first event last December, a Coffee & Mince Pie Morning, had to be cancelled at the last minute as Covid was rearing its ugly head again! However, we did hold a Coffee & Hot Cross Bun Morning in April which was a great success. An Afternoon Tea was held in July, we were lucky with the weather and, again, it was a success. We provided Tea and Cakes on the Sunday of the Flower Festival. The Trustees continue to be very grateful to the Friend’s committee for arranging these activities, as these are an essential part of the Guardians within St Alphege.
Michael Palmer had hoped to host a Wine & Cheese event last Summer, to celebrate 40 years of the Guardians but sadly he was not well enough and, as I expect you all know, he is now very ill with MND. I’m sure we all send him our thoughts and prayers in this difficult time.
Fortunately, with your support and financial investment over the years, we’ve been able to maintain an encouragingly healthy position. Last year we said that when things got back to normal, we expected to hear from the Church asking for support for further projects. Little did we know what was in store! You will all be aware of the work being done on the church, as we speak. There are three phases, the first of which, North Porch and Bell tower, in now complete. The second phase, the Choir Vestry Window, turned out to need more work than expected and so will take longer than planned. The third phase, the East Window, has already started; you will have noticed the righthand lancet has been removed; they are being done one at a time. When the original proposal was put to the Trustees the estimated cost was expected to be nearly £140,000 and we agreed to cover that. Then the actual costs were predicted to be about £162,000 and after some discussion we agreed to pay £160,000, with the proviso that it was highly unlikely that we would cover any further increase to these costs. Then came the blow that the vestry window was in urgent need of further repair at a cost of about £63,000. Again, after much discussion we decided on a final figure of £225,000. This was a big decision as we are Trustees of your money and we had to do what we thought
was best and we hope you agree that we have done the right thing. Afterall that is what we are here for.
As you will appreciate, once all this is paid for, our capital will be much reduced, so we need to do something to increase it again. The days of dinner dances and auctions are gone as we just don’t have the support anymore. So, any suggestions would be very welcome.
Our continued gratitude goes to Sheila Payne for all her work in running the Floodlighting Scheme, which is of a pastoral nature.
During the year, we have been very grateful to our membership for their continued support.
The Guardians of St Alphege Parish Church, Solihull Statement of Financial Activities For the year ended 31 July 2022
| Year ended 31 July 2022 Note £ Income Subscriptions 2,028 Donations 34,274 Floodlighting Income 920 Investment Income 3,056 Interest Received 9 Coffee Morning 144 Flower Festival 36 Afternoon Tea 170 Copper Collection 4 Total Income 40,641 Expenditure Website 86 Insurance 130 Sundry Expenses - Floodlights 148 Grants to PCC for Repairs to Fabric 225,000 Postage and Printing 64 AGM 46 Total Expenditure 225,474 Net (Expenditure)/Income before gains on investments (184,833) Unrealised gains/losses on investments 1 16,115 Net movement in funds during the year (168,718) Reconciliation of Funds Funds brought forward 692,202 Funds carried forward 523,484 |
Year ended 31 July 2021 £ 2,242 100 1,062 2,659 12 - - - - |
|---|---|
| 6,075 | |
| 72 98 20 141 - - - |
|
| 331 | |
| 5,744 137,194 |
|
| 142,938 | |
| 549,264 | |
| 692,202 |
The Guardians of St Alphege Parish Church, Solihull Balance Sheet As at 31 July 2022
| 31 July 2022 £ Fixed Assets Investments 1 620,284 Current Assets Cash at bank 2 100,713 Debtors 3 27,817 128,530 Current Liabilities Creditors 4 (225,330) Net Current Liabilities/Assets (96,800) Total Funds 523,484 |
31 July 2021 £ 604,169 88,083 - |
|---|---|
| 88,083 | |
| (50) | |
| 88,033 | |
| 692,202 |
Approved by Trustees on 20 October 2022 Signed on behalf of Trustees
The Guardians of St Alphege Parish Church, Solihull Notes to the Accounts As at 31 July 2022
| 1 Investments M&G Equities Investment Fund - Accumulation Units M&G Equities Investment Fund - Income Units 2 Cash at Bank Treasurers Account Deposit Account No1 Account No 2 Account 3 Debtors Donation 4 Creditors Sundry Creditors Grants to PCC for Repairs to Fabric |
Market Value as at Change in Market Value as at 31 July 2021 Market Value 31 July 2022 £ £ £ 542,948 17,215 560,163 61,221 (1,099) 60,122 |
Market Value as at Change in Market Value as at 31 July 2021 Market Value 31 July 2022 £ £ £ 542,948 17,215 560,163 61,221 (1,099) 60,122 |
|---|---|---|
| 604,169 16,115 620,284 |
||
| 31 July 2022 £ 22,914 55,348 12,588 9,863 100,713 27,817 27,817 330 225,000 225,330 |
31 July 2021 £ 17,545 55,339 5,336 9,863 |
|
| 88,083 | ||
| - | ||
| - | ||
| 50 - |
||
| 50 |
Independent examiners report on the accounts of The Guardians of St Alphege Parish Church, Solihull
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 July 2022. As the charity's trustees, 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 2011 Act and in carrying out my examination, I have followed all the 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 which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or ·
-
the accounts did not accord with the accounting records; or
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the accounts did 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.
S Plater FCCA
20 October 2022