Westbury Park Ecumenical Partnership
FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2021
Charity Number: 1173555
WESTBURY PARK ECUMENICAL PARTNERSHIP CONTENTS YEAR ENDED 31 DECEMBER 2021
| Contents | Pages |
|---|---|
| Trustees’ Report | 2 to 6 |
| Reference & Administrative Information | 7 |
| Independent Examiner’s Report | 8 |
| Statement of Financial Activities | 9 |
| Balance Sheet | 10 |
| Notes to the Financial Statements | 11 to 19 |
1
WESTBURY PARK ECUMENICAL PARTNERSHIP TRUSTEES’ ANNUAL REPORT YEAR ENDED 31 DECEMBER 2021
Introduction
The Trustees have pleasure in presenting their Report and financial statements for the year ended 31 December 2021. The Trustees have adopted the provision of the Statement of Recommended Practice (FRS102 SORP) Accounting and Reporting by Charities’ in preparing the Annual Report and financial statements for the charity.
Objectives and activities
The objects of the Charity are the advancement of Christian faith in the area of benefit in accordance with the principles and practices of the participating churches which are St Albans Church and Westbury Park Methodist Church.
The activities of the Charity are: the celebration of public worship; the provision of occasional offices (baptisms, weddings and funerals), the teaching of the Christian faith; mission and evangelism; pastoral work including visiting the sick and the bereaved; the provision of facilities with a Christian ethos for the local community including the elderly, the young and other groups with special needs; and the support of other charities in the UK and overseas.
The ECC is responsible for the maintenance of all church buildings and property. It cooperates with the Ecumenical Minister in promoting the whole mission of the church and consults jointly with her on matters of general concern and importance to the church. The ECC has various committees which meet as necessary. It also sets up working groups to consider particular items of business.
The Board is aware of the provisions of the Charities Act 2011 concerning public benefit, the guidance published by the Charity Commission on this subject and the obligation to report on ways in which they believe Westbury Park Ecumenical Partnership meets the public benefit requirements established by the Act. Fuller details of the Charity’s objectives and activities undertaken in support of these objectives will be found in other sections of this report.
Achievements and performance
The ECC are keen to offer a variety of different sorts of worship during the week and over the course of the month and year that our community find both beneficial and spiritually fulfilling. All are welcome to attend our services.
2021, like 2020, was significantly affected by the continuing Pandemic. We again suspended worship during the lockdown of January to March, and we re-opened on Palm Sunday. We continued to provide online worship, as well as DVDs, CDs and Telephone service so we were accessible to as many of our congregation as possible. Our preschool (White Tree) continued to be open during this time, as was Harcourt Preschool who hires one of our rooms, and from February, we allowed the Gamblers Anon group to meet again as essential support groups were allowed to meet.
From April 12[th] the many children’s groups who hire our spaces were allowed back and from May 17[th] many adult groups were allowed to return. All groups had to submit Covid Risk Assessments before they could use the building.
Our worship in person was limited to one service on a Sunday which was Holy Communion (our online worship alternated between Holy Communion and Morning Prayer) and from Easter Sunday we started to sing the final hymn in the car park. When in church, the congregation were socially distanced in their household bubbles. We were able to have communion in one kind – but could not sing. We continued to request that people wore masks and sanitised their hands. The choir was able
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WESTBURY PARK ECUMENICAL PARTNERSHIP TRUSTEES’ ANNUAL REPORT YEAR ENDED 31 DECEMBER 2021
to sing in services in decreased numbers from May (6 adults). As restrictions eased, the choir increased in size, children returned to the front row and the amount of choral music increased. The congregation sang outside until September – it was good to sing outside and know that our local community could hear the singing. Sunday Club returned fortnightly from May 9[th] but numbers of children have remained low for much of the year. From September we started to sing 2 hymns in the service and sang in church although the congregation still wore masks, and the congregation was able to join in with the mass setting too. It was lovely to have in person Harvest, Remembrance and Christmas services this year. Social Distancing was encouraged all year, but gradually those who were happy to sit with others were able to. Even when we met in person we still provided online services on the website/YouTube, disks but we discontinued the phone line as no longer meeting a need. We experimented with livestreaming services but that proved problematic so we now record the 8am service and upload that to the website for 10.15am.
During this pandemic our Pastoral Leaders Scheme has continued to show its importance. As the pandemic progressed they have maintained regular contact with the people on their lists and it has been very much appreciated. It has been a priority to ensure those in our congregation and those attending our groups (MAF, Lunch Club, Junior Choir etc) have been cared for. In September the monthly Lunch Club restarted and then MAF restarted – but now meets monthly rather than weekly.
An important part of our ministry are our Small Groups. In Lent in 2021 we ran a couple of Lent Groups using material on different forms of prayer from Gloucester Diocese. There was a daytime and an evening group, both run on Zoom. Outside of Lent the regular Housegroup continued on Zoom (and will continue to run on Zoom as its members prefer it) using material from The Bible Project. We have been studying a book of the Bible every week or so. From September the Breakfast Group that meets between the 8am and 10.15am service restarted and has been much appreciated.
In recent years we have had Ordinands from Trinity on placement with us – both for June (when Ordinands are attached to a different church for the month) and full time (when they are with a church for 2-3 years). This year we had Ryan (in his 3[rd] and final year), Dan (in his 3rd year but 2[nd] year with us) and Hannah (in her final year, but 1[st] year with us) and Lizzie joined us in September and will be with us until 2023. We consider it important to be able to support their training for their future roles in the church as ordained ministers and they also contribute a lot to the life of the church here in Westbury Park.
At the end of the revision of the Electoral Roll in May 2022 there were 121 people on the Church Electoral Roll 66 of whom are not resident within the parish. There were also 10 people in membership of the Methodist Church. The average weekly attendance, counted during October, was 80 in person, and 30 online plus disks, but this number increased at festivals.
As well as our regular services, we enable our community to celebrate and thank God at the milestones of the journey through life. Through baptism we thank God for the gift of life, in marriage public vows are exchanged with God’s blessing and through funeral services friends and family express their grief and give thanks for the life which is now complete in this world and to commend the person into God's keeping. Thankfully Baptisms returned from July and we did 3 Baptisms in 2021, and all the funerals we officiated at were at the Crematorium – the Ministers did 7 and then we had a Thanksgiving service in the Church following one of the funerals. We also managed to celebrate 3 weddings this year.
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WESTBURY PARK ECUMENICAL PARTNERSHIP TRUSTEES’ ANNUAL REPORT YEAR ENDED 31 DECEMBER 2021
We are part of the Bristol and South Gloucestershire Methodist Circuit and also the Diocese of Bristol.
The Church in Westbury Park is blessed with 2 sets of fantastic buildings both of which are open and available for the public to use every day of the year. We let our buildings to a huge range of community groups so closing our buildings for much of this year had a very big impact on our income. We have not needed to carry out any major repairs this year. We have continued to make progress towards our objective of reordering the back of the church. This year we worked hard to raise the funds needed to re-purpose the old caretaker’s house at 6 North View – including a Sky Dive by the Vicar, Emma Langley, and Churchwarden, Linda Talbot. We formed a sub-committee of interested people to move the project forward. We plan to use it to house a Refugee Family under the government’s ‘Community Sponsorship Scheme’. We have applied for grants so we can refurbish it and had significant success in having them granted. Maintaining such buildings remains a financial challenge but we are committed to them because of the opportunities they afford us and the benefit that they provide to the local community.
Reaching out to our community remains a priority but it has continued to be a challenge this year due to Covid. It has been good to be able to restart our groups for the elderly, and the detached youth work project and preschool have continued when allowed to by the regulations. In September we were pleased to relaunch our Toddler group by linking up with a local restaurant who have provided excellent cakes at cost price. This has been very successful and up to 200 families have now come at least once, with a core of families coming most weeks.
Financial review
Total income of £256,958 was £40,651 (over 18 %) higher than in 2020. The main reason for this was the lifting of the pandemic restrictions and being able to hire out our buildings again. We were also fortunate to be eligible for Covid Discretionary grant this year. However, despite the success of the Parish Giving Scheme and the one-offs the general trend is still downward.
Total expenditure of £225,290 was £1,447 (0.5%) lower than in 2020. We have been determined to try and reduce expenditure where possible in recent years.
The grant making policy of the charity is to give away 5% of our annual income to charities and mission organisations which are proposed by the Church and Society Committee and decided upon by the ECC. There are 4 charities chosen each year - one historic Anglican or Methodist mission organisation, one national charity, one local charity and one charity working internationally. We will often seek to prioritise smaller charities with which we can have a meaningful relationship. In addition, we support Wi’am every year - this is a charity which offers conflict resolution in the occupied West Bank. These 5 charities receive 1% each of our annual income. In addition, we organise events and make collections for these and other charities such as Christian Aid and DEC appeals.
At this time the Trustees do not have a reserves policy. We feel that at this stage to establish a reserves policy would be an impediment to raising our giving levels and would adversely affect our fundraising. We will continue to keep this under review.
As at 31 December 2021 the charity’s free reserves were £197,318. The Trustees are satisfied that the Charity has sufficient funds to allow the accounts to be drawn up on a going concern basis.
4
WESTBURY PARK ECUMENICAL PARTNERSHIP TRUSTEES’ ANNUAL REPORT YEAR ENDED 31 DECEMBER 2021
Structure, Governance and Management
Westbury Park Ecumenical Partnership is an unincorporated charity, registered as a charity on 26 June 2017. The charity was established under the constitution adopted on the 25 April 2010.
The Trustees meet formally on a bi-monthly basis. Between meetings, responsibility for the management of Westbury Park Ecumenical Partnership lies with the Ecumenical Minister. The key management personnel of the charity are the Board of the Trustees and the Ecumenical Minister. The annual salary and employment benefits of key management personnel are set by the Board of the Trustees. The Trustees have delegated the day to day running of the Charity to the Ecumencial Minister
The Board of Trustees has appointed a Treasurer to administer the financial policies of the charity.
The established sub- committees of the Board and their responsibilities are as follows:
• The Finance & Property Committee
It includes the Ecumenical Minister, Churchwardens and Stewards plus others with relevant skills, and meets as required to plan and advice on matters to do with the fabric of the church.
• The Church and Society and Missions Committee
It oversees charitable giving and dissemination of information about the world-wide church, and involvement in service and action beyond the parish.
• The Worship Committee
It oversees all matters pertaining to the worship of the church.
• The Children’s Work Committee
It monitors the work of the Sunday Club and includes the Sunday Club leader and teachers. This is informally known as the Sunday Club leaders meeting.
• The Pastoral Care Committee
It oversees the recruiting, training and allocation of pastoral visitors.
Trustees are appointed by election at the church annual meeting.
The ministers of the LEP (lay and ordained) are ex officio Trustees, as are: Deanery and Diocesan Synod members, Church Wardens and Methodist Steward(s). There will be (up to 19) elected trustees whose term is 3 years (after which they may be re-elected) split between Anglican and Methodist members. The trustees can co-opt up to 4 further trustees (whose term of office is 1 year – after which they may be co-opted again or elected).
Statement of Trustees’ responsibilities
The Trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
5
WESTBURY PARK ECUMENICAL PARTNERSHIP TRUSTEES’ ANNUAL REPORT YEAR ENDED 31 DECEMBER 2021
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgments and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards have been followed, subject to any
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material departures disclosed and explained in the financial statements; and
• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed/constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Trustees on 11[th] May 2022.
Signed on behalf of the Trustees
Rev. Emma Langley
Trustee
6
WESTBURY PARK ECUMENICAL PARTNERSHIP REFERENCE & ADMINISTRATIVE INFORMATION YEAR ENDED 31 DECEMBER 2021
Charity Registration Number
1173555
Charity Name
Westbury Park Local Ecumenical Partnership (also known as St Albans Church, Westbury Park Methodist Church, The Church in Westbury Park, Ecumenical Church Council (ECC))
Principal Office
Westbury Park Church, 4 North View, Westbury Park, Bristol, BS6 7QB
Trustees
Mary Knight Rev Emma Langley Carron Morley Astrid Pestell Catherine Maddock Judith Manning Louise Salter Rachel Hyland Christine M Shires Lizzy Tremble-Niccols (until May 2021)
Wayne Lennon Linda Talbot Reginald S Barnwell Edward Davies Margaret Morgan Nicola Walton Ryan McKeon Tacey Bain Edwina Lloyd Rev Jan Doyle (until September 2021)
Treasurer
Martha Doyle
Hon. Secretary
Rachel Hyland
Independent Examiner
David Baptiste ACPA, Linden Accountants Limited, Scrapstore House, 21 Sevier Street St Werburghs, Bristol, BS2 9LB
Bankers
Lloyds Bank, Westbury on Trym
7
WESTBURY PARK LOCAL ECUMENICAL PARTNERSHIP INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES YEAR ENDED 31 DECEMBER 2021 I report on the unaudited accounts for the year ended 31 st December 2021 set out on pages 9 to 19. Respective responsibilitie5 Of trustees and examiner As the charity'5 tru5tee5 are also Its dlrectors for the purposes of company law. you are responsible for the preparaiion of the 2ccounts in accordance with the Companies Act 2006 {'the 2006 Acc'l. Having satisfied myself that the accounts of Westbury Park Local Ecumenical Partnershlp are not required ro be audired under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examinatlon of your charity's accounts as carrled out under settion 145 of the Charities Act 2011 I'the 2011 Att'l. In carrying out my examinatlon I have followed the Direcrions given by the Charity Commission under section 145(5)Ib) of the 201 l Act. Bas15 of Independent examinerfs report I have completed my examination. I confirm that no matters have come to my attentlon In onnettion wlth the examinatlon glvlng me cause to believe.. l. Accountlng records were no¢ kep¢ in respect of the Company as required under sectlon 386 of the I6 Att., or 2. The accounts do not a¢¢¢rd wlth those records.. or 3. The accounts do not comply with the accountlng requlrement$ under Section 396 of the 2006 Acc other than any requirement that the accounts glve a trLbe and fair view which is not a ma¢¢er considered as part of my Independent examination,. or 4. The accounts have nor been prepared In accordance with the methods and prlnciples of the Statement of Recommend Practice for accounting and reporting by charities applicable to charities preparing their attounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102). I have no concern5 and have come across no other matters In connettion with the examlnatSon to which atntIOn should be drawn In thi5 report in order to enable a proper understanding of the accounts to be reached. David Baptiste ACPA Linden Accountants, Scrapstore House, 21 Sevier Stree( St Wertjurghs, Bristol, BS2 9LB 13 2022
WESTBURY PARK LOCAL ECUMENICAL PARTNERSHIP
STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31 DECEMBER 2021
| Note Income from: Donations 2 Charitable activities 3 Other trading activities 4 Settlement of insurance reclaims Investments Total income Expenditure on: Charitable activities 5 Raising funds Total expenditure Net gains / (losses) on investments 12 Net income/(expenditure) for the year 8 Transfers between funds 15 Movement in funds Total funds at 1 January 15 Total funds at 31 December 15 |
Unrestricted Funds £ 102,974 101,576 - 1,500 960 207,010 215,284 - 215,284 127 (8,147) 3,888 (4,259) 201,577 197,318 |
Restricted Funds £ 47,791 2,157 - - - 49,948 10,006 - 10,006 5,886 45,829 (3,888) 41,941 51,082 93,023 |
Total Funds 2021 £ 150,765 103,733 - 1,500 960 256,958 225,290 - 225,290 6,014 37,682 - 37,682 252,659 290,341 |
Total Funds 2020 £ 119,189 94,961 712 - 1,444 |
|---|---|---|---|---|
| 216,307 | ||||
| 226,737 - |
||||
| 226,737 | ||||
| 59 | ||||
| (10,371) - |
||||
| (10,371) 263,030 |
||||
| 252,659 |
The Charity has no recognised gains or losses other than the results for the year as set out above. All of the activities of the charity are classed as continuing.
The comparative Statement of Financial Activities is shown in note 11.
The notes on pages 11 to 19 form part of these financial statements
9
WESTBURY PARK LOCAL ECUMENICAL PARTNERSHIP
BALANCE SHEET
YEAR ENDED 31 DECEMBER 2021
| Note FIXED ASSETS: Investments 12 CURRENT ASSETS: Debtors 13 Cash at bank and in hand CURRENT LIABILITIES: Creditors: falling due within one year 14 NET CURRENT ASSETS: NET ASSETS: FUNDS Unrestricted funds 16 Restricted funds 16 |
£ 12,750 250,415 |
2021 £ 33,468 263,165 (6,292) 256,873 290,341 197,318 93,023 290,341 |
£ 12,750 218,492 |
2020 £ 27,454 231,242 (6,037) |
|---|---|---|---|---|
| 225,205 | ||||
| 252,659 | ||||
| 201,577 51,082 |
||||
| 252,659 |
These financial statements were approved by the Trustees on 11th May 2022 and are signed on their behalf by:
………………………………………….
Rev. Emma Langley Trustee
The notes on pages 11 to 19 form part of these financial statements
10
WESTBURY PARK LOCAL ECUMENICAL PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2021
1 ACCOUNTING POLICIES
a) Basis of preparation
The financial statements have been prepared under the historic cost convention and in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (FRS 102 SORP) issued in July 2014, and applicable UK Accounting Standards and the Charities Act 2011.
The Trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.
The Charity is a public benefit entity.
b) Income
Income from donations is included when these are receivable, except as follows:
i) When the donors specify that the donations given to the charity must be used in future accounting periods, the income is deferred until those periods.
ii) When donors impose conditions which have to be fulfilled before the charity becomes entitled to use such income, the income is deferred until the pre-conditions have been met.
Donated services and facilities are included at the value of the Charity where this can be qualified.
c) Expenditure
Expenditure is recognised on an accrual basis and has been classified under headings that aggregate all costs related to that category. Expenditure includes attributable VAT that cannot be recovered.
Governance cost include those costs associated with meeting the constitutional and statutory requirements of the charity, and include its independent examination fees and costs linked to the strategic management of the charity including trustee expenses.
Grants and donations are accounted for when paid over, or when awarded, if the award creates a binding or constructive obligation on the ECC.
d) Investments
Investments are included at market value at 31 December. The SOFA includes the net gains and losses arising on revaluations and disposals during the year.
e) Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any discounts due.
f) Creditors
Creditors and provisions are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any discounts due.
11
WESTBURY PARK LOCAL ECUMENICAL PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2021
1 ACCOUNTING POLICIES (continued)
g) Unrestricted Funds
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Designated funds form part of unrestricted funds and have been identified as being for particular purposes by the Trustees. They are not restricted and can be transferred to general funds at any time at the discretion of the Trustees.
h) Restricted Funds
Restricted funds are funds which are to be used in accordance with the specific restrictions imposed by donors which have been raised by the Charity for particular purposes. The costs or raising and administering such funds are charges against the specific fund. The aim and use of each restricted fund is set out in the notes of the financial statements.
2 INCOME FROM: DONATIONS AND LEGACIES
| General donations Bequested income Gift aid Grants |
Unrestricted Funds £ 78,437 5,000 6,458 13,078 102,974 |
Restricted Funds £ 27,791 - - 20,000 47,791 |
Total Funds 2021 £ 106,229 5,000 6,458 33,078 150,765 |
Total Funds 2020 £ 73,821 - 21,543 23,826 |
|---|---|---|---|---|
| 119,189 |
Included in the 2020 income are restricted general donations of £2,814 and restricted grants of £17,000.
3 INCOME FROM: CHARITABLE ACTIVITIES
| Rental income Church services White Tree Preschool Trips Youth Club Miscellaneous |
Unrestricted Funds £ 56,332 2,159 40,345 - 2,300 440 101,576 |
Restricted Funds £ - 1,154 988 - - 15 2,157 |
Total Funds 2021 £ 56,332 3,313 41,332 - 2,300 455 103,733 |
Total Funds 2020 £ 45,267 2,714 45,080 - 1,556 344 |
|---|---|---|---|---|
| 94,961 |
Included in the 2020 income are restricted funds of £2,960.
12
WESTBURY PARK LOCAL ECUMENICAL PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2021
4 INCOME FROM: OTHER TRADING ACTIVITIES
| Fundraising income | Unrestricted Funds £ - |
Restricted Funds £ - |
Total Funds 2021 £ - |
Total Funds 2020 £ 712 |
|---|---|---|---|---|
All 2020 fundraising income has been classified as unrestricted.
5 EXPENDITURE ON: CHARITABLE ACTIVITIES
| Grants (note 6) Bristol Diocesan Board of Finance Circuit assessment Ministry costs Youth Club White Tree Preschool Support costs (note 7) Prior year comparative Grants (note 6) Bristol Diocesan Board of Finance Circuit assessment Ministry costs Youth Club White Tree Preschool Support costs (note 7) |
Unrestricted Funds £ 7,577 46,716 11,342 1,687 1,471 48,346 98,144 215,284 Unrestricted Funds £ 9,524 48,333 5,625 2,994 2,485 49,409 98,278 216,647 |
Restricted Funds £ 51 - - 10 - 100 9,844 10,006 Restricted Funds £ 3,222 721 - - - 2,822 3,325 10,089 |
Total Funds 2021 £ 7,628 46,716 11,342 1,697 1,471 48,446 107,989 |
|---|---|---|---|
| 225,290 | |||
| Total Funds 2020 £ 12,745 49,054 5,625 2,994 2,485 52,231 101,603 |
|||
| 226,737 |
13
WESTBURY PARK LOCAL ECUMENICAL PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2021
6 ANALYSIS OF GRANTS
| ANALYSIS OF GRANTS | |||
|---|---|---|---|
| To Institutions Little Hero NEMA Foundation Temwa Methodist Centre Bristol Northwest Foodbank Children's Society Amos Trust UNA - UK The Smile Train All We Can Sixty-One Off The Record Royal School of Church Music Westbury Park School To individuals Prior year comparative To Institutions Little Hero NEMA Foundation Temwa Methodist Centre Bristol Northwest Foodbank Children's Society Amos Trust UNA - UK Aprem School, Bethlehem All We Can Cyclone Idai Appeal Off The Record One25 Sisters of Church To individuals |
Unrestricted Funds £ - - 1,482 - - 1,482 1,482 - 1,482 - 1,482 - 110 - 55 7,577 Unrestricted Funds £ 1,865 1,139 - - - - 1,865 155 - 1,865 - 1,865 - - 771 9,524 |
Restricted Funds £ - - - - - - - - - - - - - 51 - 51 Restricted Funds £ 809 1,022 15 90 726 559 - - - - - - - - - 3,222 |
Total Funds 2021 £ - - 1,482 - - 1,482 1,482 - 1,482 - 1,482 - 110 51 55 |
| 7,628 | |||
| Total Funds 2020 £ 2,674 2,160 15 90 726 559 1,865 155 - 1,865 - 1,865 - - 771 |
|||
| 12,745 |
14
WESTBURY PARK LOCAL ECUMENICAL PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2021
7 SUPPORT COSTS
| Wages and salaries Utilities Insurance Repairs and maintenance Office costs Bank charges Sundry Governance costs |
Unrestricted Funds £ 36,458 23,337 12,958 15,770 5,343 7 3,551 720 98,144 |
Restricted Funds £ - - - 9,729 - - 115 - 9,844 |
Total Funds 2021 £ 36,458 23,337 12,958 25,499 5,343 7 3,666 720 107,989 |
Total Funds 2020 £ 37,436 20,689 13,242 18,567 6,690 28 4,230 720 |
|---|---|---|---|---|
| 101,603 |
Included in the 2020 expenditure are restricted support costs of £3,325.
8 NET INCOME FOR THE YEAR
| This is stated after charging: Trustee remuneration Independent examination fee STAFF COSTS The aggregate payroll costs were: Wages & salaries Social security costs Pensions |
2021 £ - 720 2021 £ 78,703 1,043 2,698 82,443 |
2020 £ 700 720 |
|---|---|---|
| 2020 £ 86,172 764 3,250 |
||
| 90,186 |
9 STAFF COSTS
No employee received emoluments of more than £60,000.
The average monthly headcount of employees during the year was 13 (2020: 15)
The total employee benefits received by key management personnel is £Nil (2020: £Nil).
Aggregate donations from Trustees, key management personnel, and other related parties was £Nil (2020: £Nil).
10 TAXATION
The Charity is exempt from corporation tax on its charitable activities.
15
WESTBURY PARK LOCAL ECUMENICAL PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2021
11 COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES
| Income from: Donations Charitable activities Other trading activities Investments Total income Expenditure on: Charitable activities Raising funds Total expenditure Net gains / (losses) on investments Movement in funds Total funds at 1 January 2020 Total funds at 31 December 2020 12 INVESTMENTS Market value as at 1 January 2021 Unrealised gains / (losses) Market value as at 31 December 2021 13 DEBTORS Other debtors 14 CREDITORS: amounts falling due within one year Other creditors |
Unlisted Investments £ 897 127 1,024 |
Unrestricted Funds £ 99,375 92,001 712 1,444 193,533 216,647 - 216,647 59 (25,878) 227,455 201,577 Listed Investments £ 26,557 5,886 32,443 |
Restricted Funds £ 19,814 2,960 - - 22,774 10,089 - 10,089 - 15,507 35,575 51,082 2021 £ 27,454 6,014 33,468 2021 £ 12,750 12,750 2021 £ 6,292 6,292 |
Total Funds 2020 £ 119,189 94,961 712 1,444 |
|---|---|---|---|---|
| 216,307 | ||||
| 226,737 - |
||||
| 226,737 | ||||
| 59 | ||||
| (10,371) 263,030 |
||||
| 252,659 | ||||
| 2020 £ 27,395 59 |
||||
| 27,454 | ||||
| 2020 £ 12,750 |
||||
| 12,750 | ||||
| 2020 £ 6,037 |
||||
| 6,037 |
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WESTBURY PARK LOCAL ECUMENICAL PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2021
15 MOVEMENT IN FUNDS
Year ended 31 December 2021
| Restricted funds St Albans Building fund Maintenance Fund 6 North View Fund Other funds Unrestricted funds General funds Designated funds White Tree Preschool Youth Club Total funds Year ended 31 December 2020 Restricted funds St Albans Building fund Maintenance Fund 6 North View Fund Other funds Unrestricted funds General funds Designated funds White Tree Preschool Youth Club Total funds |
1 Jan 2021 £ 30,604 2,771 17,000 707 51,082 163,921 28,269 9,387 37,656 201,577 252,659 1 Jan 2020 £ 33,206 2,667 - (298) 35,575 178,458 33,646 15,351 48,997 227,455 263,030 |
Income and gains £ 980 - 48,341 6,514 55,834 164,492 40,345 2,300 42,645 207,137 262,972 Income and gains £ - 2,000 17,000 3,774 22,774 148,243 44,032 1,316 45,348 193,591 216,366 |
Expenditure and losses £ - - (9,729) (276) (10,006) (165,467) (48,346) (1,471) (49,817) (215,284) (225,290) Expenditure and losses £ (2,602) (1,896) - (5,591) (10,089) (164,754) (49,409) (2,485) (51,894) (216,647) (226,737) |
Transfers £ - - - (3,888) (3,888) - 1,035 2,853 3,888 3,888 - Transfers £ - - - 2,822 2,822 1,973 - (4,795) (4,795) (2,822) - |
31 Dec 2021 £ 31,583 2,771 55,612 3,057 |
|---|---|---|---|---|---|
| 93,023 | |||||
| 162,945 21,303 13,070 |
|||||
| 34,372 | |||||
| 197,318 | |||||
| 290,341 | |||||
| 31 Dec 2020 £ 30,604 2,771 17,000 707 |
|||||
| 51,082 | |||||
| 163,921 28,269 9,387 |
|||||
| 37,656 | |||||
| 201,577 | |||||
| 252,659 |
17
WESTBURY PARK LOCAL ECUMENICAL PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2021
15 MOVEMENT IN FUNDS (continued)
Restricted funds
WPMC kitchen fund represents donation and grants given towards the repair and restoration of the Westbury Park Methodist Church Kitchen.
St Albans building fund represents grants and donation given towards the building work of St Albans Church.
White Tree Preschool represents donations given to support the daily activities of the Westbury Park Preschool.
The collections fund represents gifts and donations collected for various charities throughout the year, these are then primarily granted out to these organisations accordingly as per note 6.
The maintenance fund represents grants and donation given towards the repair and restoration of the buildings held by the charity.
Other funds represents donations towards various small church projects such as the flower fund or the church music fund.
Designated funds
White Tree Preschool, these funds represents those amounts set aside by the Trustees for the delivery of charitable activities at the preschool.
Youth Club, these funds represent those amounts set aside by the Trustees for the delivery of charitable activities in the Youth Club.
16 ANALYSIS OF NET ASSETS BETWEEN FUNDS
As at 31 December 2021
| Restricted funds Unrestricted funds General funds Designated funds |
Fixed asset investments £ - 33,468 - 33,468 |
Net current assets £ 93,023 129,478 34,372 256,873 |
Total £ 93,023 162,945 34,372 |
|---|---|---|---|
| 290,341 |
18
WESTBURY PARK LOCAL ECUMENICAL PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2021
16 ANALYSIS OF NET ASSETS BETWEEN FUNDS (continued)
As at 31 December 2020
| As at 31 December 2020 | |||
|---|---|---|---|
| Restricted funds Unrestricted funds General funds Designated funds |
Fixed asset investments £ - 27,454 - 27,454 |
Net current assets £ 51,082 136,467 37,656 225,205 |
Total £ 51,082 163,921 37,656 |
| 252,659 |
17 RELATED PARTY TRANSACTIONS
Other than the transactions detailed elsewhere in the accounts, there were £Nil related party transactions in the year (2020: £Nil)
19