The Guardians of St Alphege Parish Church, Solihull
As you can see from the Statement of Financial Affairs on page 1 we have received income amounting to £9,473 during the year and incurred expenditure amounting to £208 resulting in net income of £208.In the prior year we received a significant donation which amounted to most of the £34,274. In the current year we have received a small number of donations which we are extremely grateful for.
Subscriptions and flood lighting income have increased this year which is excellent news. The Chair has been really good in capturing new members.
During the year we have held three successful fund-raising events, with the Wine and Nibbles evening providing us an income of £260, Lunch at the Drum and Monkey £130 and the coffee morning £170. I would like to thank the committee for organising these events and look forward to the events planned for 2023/24.
The compensation of £50 is from Barclays Bank as a result of the poor service they provided over a couple of months. I raised a complaint in this regard, and they agreed to pay £50 compensation.
The value of our investments has remained consistent with the prior year.
In summary the Guardians accounts reflect that the charity is in a healthy position. We are aware that there maybe some Church projects which may require funding in the future and once we understand the project in more detail and the Church has received relevant quotes we will agree appropriate funding.
The Guardians of St Alphege Parish Church, Solihull Balance Sheet As at 31 July 2023
| 31 July 2023 £ Fixed Assets Investments 1 620,304 Current Assets Cash at bank 2 66,363 Debtors 3 1,626 67,989 Current Liabilities Creditors 4 (155,525) Net Current Liabilities (87,536) Total Funds 532,768 |
31 July 2022 £ 620,284 100,713 27,817 128,530 (225,330) (96,800) 523,484 |
|---|---|
Approved by Trustees on 28 September 2023 Signed on behalf of Trustees
The Guardians of St Alphege Parish Church, Solihull Notes to the Accounts As at 31 July 2023
| 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 Gift Aid Claim 4 Creditors Sundry Creditors Grants to PCC for Repairs to Fabric |
Market Value as at Change in Market Value as at 31 July 2022 Market Value 31 July 2023 £ £ £ 560,163 3,037 563,200 60,122 (3,017) 57,105 620,285 19 620,304 31 July 2023 31 July 2022 £ £ 260 22,914 55,580 55,348 660 12,588 9,863 9,863 66,363 100,713 - 27,817 1,626 - 1,626 27,817 325 330 155,200 225,000 155,525 225,330 |
|---|---|