Westbury Park Ecumenical Partnership
FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2022
Charity Number: 1173555
WESTBURY PARK ECUMENICAL PARTNERSHIP CONTENTS YEAR ENDED 31 DECEMBER 2022
| 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 |
WESTBURY PARK ECUMENICAL PARTNERSHIP TRUSTEES’ ANNUAL REPORT YEAR ENDED 31 DECEMBER 2022
Introduction
The Trustees have pleasure in presenting their Report and financial statements for the year ended 31 December 2022. 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.
2022 was far more like a normal pre-pandemic year. The Family Service and Choral Evensong returned this year. We started to offer the option of the Chalice at Communion services. At Christmas we were delighted to return to using the High Altar, but most of the time we use the Nave Altar still.
The pandemic showed the value of the Pastoral Link scheme. Sue Trill took over as chair of the Pastoral Committee this year and the opportunity was taken to review the scheme. Church members were asked if they wished to stay in the scheme or not, and were then allocated a Pastoral Link if they wished to stay in the scheme. It has been a priority to ensure those in our congregation and those attending our groups (MAF, Lunch Club, Junior
WESTBURY PARK ECUMENICAL PARTNERSHIP TRUSTEES’ ANNUAL REPORT YEAR ENDED 31 DECEMBER 2022
Choir etc) have been cared for. The monthly Lunch Club and Monday Afternoon Fellowship have continued and have been joined by the monthly Tea and Chat. This means that for 3 weeks out of 4/5 in a month there is a gathering for older people. They are much appreciated by those who attend.
An important part of our ministry are our Small Groups. In Lent in 2022 we ran a Lent Groups run on Zoom using a book by Paula Gooder written for Lent. Outside of Lent the regular Housegroup continued on Zoom (and will continue to run on Zoom as its members prefer it.) This year we started to use the Pilgrim course and we should have finished all the books by Summer 2024 hopefully. The Breakfast Group that meets between the 8am and 10.15am service has continued and is much appreciated. The Monday Group has also continued – but no longer meets on a Monday!
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 Lizzie in her second year with us and will be with us until 2024 and Chaja joined us in September for just a year before going to college in Cambridge to complete her studies in September 2023. Dan, Ryan and Hannah were with us until May and were ordained in June in their respective Dioceses. Also previous ordinand Lizzie Tremble-Niccols was finally ordained too into the Church in Wales. 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 2023 there were 120 people on the Church Electoral Roll __ of whom are not resident within the parish. There were also 9 people in membership of the Methodist Church. The average weekly attendance, counted during October, was 70 in person, and 0 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. We did 9 Baptisms in 2022, and for funerals we had 5 in church and 2 at the Crematorium. We also managed to celebrate 2 weddings this year.
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. Our lettings have very much returned to normal this year – indeed we have a number of new regular hirers and birthday parties for children have returned too. They are essential for 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. We completed the renovation
WESTBURY PARK ECUMENICAL PARTNERSHIP TRUSTEES’ ANNUAL REPORT YEAR ENDED 31 DECEMBER 2022
of the old caretaker’s house (6 North View) and in April we welcomed a refugee family from Afghanistan. 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 as people are tired following 2 years of Covid and so finding volunteers has been difficult at times. It has been good that our groups for the elderly, the detached youth work project and preschool have continued. A success story has been the Toddler group that regularly has up to 50 households attending and we have had contact with well over 200 families. This meant we could hold a special Christmas service for them which was well received.
Financial review
Total income of £275,368 was £18,410 (over 18 %) higher than in 2021. The main reason for this was the lifting of the pandemic restrictions and being able to hire out our buildings again. However, despite the success of the Parish Giving Scheme and the one-offs the general trend is still downward.
Total expenditure of £279,863 was £54,573 (about 24%) higher than in 2021. With the opening up of the buildings again there has been a backlog of necessary repairs and the costof-living crisis has also led to increases in our costs. We have been fortunate that our Gas and Electric was fixed until 2023.
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. This year we supported St Peter’s Hospice, MHA, and our own Refugee project as well as having the following Quarterly Charities (which will each get the 1% of our 2022 income in 2023) – USPG, Mbarara, TalkED and the Methodist Centre. In addition, we support Wi’am every year - this is a charity which offers conflict resolution in the occupied West Bank. These 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 the Children’s Society and DEC appeals. We also sponsor a school girl at school in Uganda.
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 2022 the charity’s free reserves were £281,906. The Trustees are satisfied that the Charity has sufficient funds to allow the accounts to be drawn up on a going concern basis.
WESTBURY PARK ECUMENICAL PARTNERSHIP TRUSTEES’ ANNUAL REPORT YEAR ENDED 31 DECEMBER 2022
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).
WESTBURY PARK ECUMENICAL PARTNERSHIP TRUSTEES’ ANNUAL REPORT YEAR ENDED 31 DECEMBER 2022
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).
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 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 ……….
Signed on behalf of the Trustees
Rev. Emma Langley
Trustee
WESTBURY PARK ECUMENICAL PARTNERSHIP REFERENCE & ADMINISTRATIVE INFORMATION YEAR ENDED 31 DECEMBER 2022
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 Wayne Lennon Rev Emma Langley Linda Talbot Carron Morley Reginald S Barnwell Astrid Pestell Edward Davies Catherine Maddock Margaret Morgan Judith Manning Nicola Walton Louise Salter (until May 2022) Ryan McKeon (until May 2022) Rachel Hyland Tacey Bain Christine M Shires Edwina Lloyd Linda Anderson (appointed May 2022)
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
WESTBURY PARK LOCAL ECUMENICAL PARTNERSHIP
STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31 DECEMBER 2022
| 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 16 Total funds at 31 December 16 |
Unrestricted Funds £ 93,378 171,380 38 - 1,625 266,422 243,436 204 243,640 (3,940) 18,842 - 18,842 197,318 216,159 |
Restricted Funds £ 8,693 253 - - - 8,946 36,223 - 36,223 - (27,277) - (27,277) 93,023 65,746 |
Total Funds 2022 £ 102,071 171,633 38 - 1,625 275,368 279,659 204 279,863 (3,940) (8,435) - (8,435) 290,341 281,906 |
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 |
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 2022
| 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 |
£ 25,147 235,145 |
2022 £ 29,528 260,292 (7,913) 252,379 281,906 216,159 65,746 281,906 |
£ 12,750 250,415 |
2021 £ 33,468 263,165 (6,292) |
|---|---|---|---|---|
| 256,873 | ||||
| 290,341 | ||||
| 197,318 93,023 |
||||
| 290,341 |
These financial statements were approved by the Trustees on ……………………... 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 2022
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 2022
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 Bequeathed income Gift aid Grants |
Unrestricted Funds £ 65,276 14,056 7,036 7,011 93,378 |
Restricted Funds £ 3,834 - 4,859 - 8,693 |
Total Funds 2022 £ 69,110 14,056 11,894 7,011 102,071 |
Total Funds 2021 £ 106,229 5,000 6,458 33,078 |
|---|---|---|---|---|
| 150,765 |
Included in the 2021 income are restricted general donations of £27,791 and restricted grants of £20,000.
3 INCOME FROM: CHARITABLE ACTIVITIES
| Rental income Church services White Tree Preschool Trips Youth Club Miscellaneous |
Unrestricted Funds £ 114,705 7,398 43,394 - 5,861 22 171,380 |
Restricted Funds £ - - 200 - - 53 253 |
Total Funds 2022 £ 114,705 7,398 43,594 - 5,861 75 171,633 |
Total Funds 2021 £ 56,332 3,313 41,332 - 2,300 455 |
|---|---|---|---|---|
| 103,733 |
Included in the 2021 income are restricted funds of £2,157.
12
WESTBURY PARK LOCAL ECUMENICAL PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2022
4 INCOME FROM: OTHER TRADING ACTIVITIES
| Fundraising income | Unrestricted Funds £ 38 |
Restricted Funds £ - |
Total Funds 2022 £ 38 |
Total Funds 2021 £ - |
|---|---|---|---|---|
All 2022 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 £ 6,577 45,000 10,366 3,087 5,061 54,360 118,985 243,436 Unrestricted Funds £ 7,577 46,716 11,342 1,687 1,471 48,346 98,144 215,284 |
Restricted Funds £ 1,442 - - 350 - - 34,430 36,223 Restricted Funds £ 51 - - 10 - 100 9,844 10,006 |
Total Funds 2022 £ 8,020 45,000 10,366 3,438 5,061 54,360 153,415 |
|---|---|---|---|
| 279,659 | |||
| Total Funds 2021 £ 7,628 46,716 11,342 1,697 1,471 48,446 107,989 |
|||
| 225,290 |
13
WESTBURY PARK LOCAL ECUMENICAL PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2022
6 ANALYSIS OF GRANTS
| ANALYSIS OF GRANTS | |||
|---|---|---|---|
| To Institutions Christian Aid DEC Pakistan Mbarara Community Project Ted-ED 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 Charity payments Prior year comparative 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 |
Unrestricted Funds £ - - - - - - - - - - - - - - 6,577 6,577 Unrestricted Funds £ - - 1,482 - - 1,482 1,482 - 1,482 - 1,482 - 110 - 55 7,577 |
Restricted Funds £ 387 353 372 53 - 277 - - - - - - - - - 1,442 Restricted Funds £ - - - - - - - - - - - - - 51 - 51 |
Total Funds 2022 £ 387 353 372 53 - 277 - - - - - - - - 6,577 |
| 8,020 | |||
| Total Funds 2021 £ - - 1,482 - - 1,482 1,482 - 1,482 - 1,482 - 110 51 55 |
|||
| 7,628 |
14
WESTBURY PARK LOCAL ECUMENICAL PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2022
7 SUPPORT COSTS
| Wages and salaries Utilities Insurance Repairs and maintenance Office costs Licences & subscriptions Bank charges Sundry Governance costs |
Unrestricted Funds £ 41,956 24,480 9,971 28,924 9,581 817 - 2,536 720 118,985 |
Restricted Funds £ - - - 33,645 550 - - 235 - 34,430 |
Total Funds 2022 £ 41,956 24,480 9,971 62,569 10,131 817 - 2,771 720 153,415 |
Total Funds 2021 £ 36,458 23,337 12,958 25,499 5,343 - 7 3,666 720 |
|---|---|---|---|---|
| 107,989 |
Included in the 2021 expenditure are restricted support costs of £9,844.
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 |
2022 £ - 720 2022 £ 86,123 1,464 3,315 90,902 |
2021 £ - 720 |
|---|---|---|
| 2021 £ 78,703 1,043 2,698 |
||
| 82,443 |
9 STAFF COSTS
No employee received emoluments of more than £60,000.
The average monthly headcount of employees during the year was 16 (2021: 13)
The total employee benefits received by key management personnel is £Nil (2021: £Nil).
Aggregate donations from Trustees, key management personnel, and other related parties was £Nil (2021: £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 2022
11 COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES
| Income from: Donations Charitable activities Other trading activities Settlement of insurance reclaim Investments Total income Expenditure on: Charitable activities Total expenditure Net gains / (losses) on investments Movement in funds Total funds at 1 January 2021 Total funds at 31 December 2021 12 INVESTMENTS Market value as at 1 January 2022 Unrealised gains / (losses) Market value as at 31 December 2022 13 DEBTORS Other debtors 14 CREDITORS: amounts falling due within one year Other creditors |
Unlisted Investments £ 1,024 (121) 904 |
Unrestricted Funds £ 102,974 101,576 - 1,500 960 207,010 215,284 215,284 127 (10,969) 201,577 190,608 Listed Investments £ 32,443 (3,819) 28,624 |
Restricted Funds £ 47,791 2,157 - - - 49,948 10,006 10,006 5,886 48,651 51,082 99,733 2022 £ 33,468 (3,940) 29,528 2022 £ 25,147 25,147 2022 £ 7,913 7,913 |
Total Funds 2021 £ 150,765 103,733 - 1,500 960 |
|---|---|---|---|---|
| 256,958 | ||||
| 225,290 | ||||
| 225,290 | ||||
| 6,014 | ||||
| 37,682 252,659 |
||||
| 290,341 | ||||
| 2021 £ 27,454 6,014 |
||||
| 33,468 | ||||
| 2021 £ 12,750 |
||||
| 12,750 | ||||
| 2021 £ 6,292 |
||||
| 6,292 |
16
WESTBURY PARK LOCAL ECUMENICAL PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2022
15 MOVEMENT IN FUNDS
| Year ended 31 December 2022 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 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 |
1 Jan 2022 £ 31,583 2,771 55,612 3,057 93,023 162,945 21,303 13,070 34,372 197,318 290,341 1 Jan 2021 £ 30,604 2,771 17,000 707 51,082 163,921 28,269 9,387 37,656 201,577 252,659 |
Income and gains £ 343 - 5,242 3,361 8,946 217,167 43,394 5,861 49,255 266,422 275,368 Income and gains £ 980 - 48,341 6,514 55,834 164,492 40,345 2,300 42,645 207,137 262,972 |
Expenditure and losses £ - - (33,645) (2,578) (36,223) (188,160) (54,360) (5,061) (59,420) (247,580) (283,803) Expenditure and losses £ - - (9,729) (276) (10,006) (165,467) (48,346) (1,471) (49,817) (215,284) (225,290) |
Transfers £ - - - - - (5,000) 5,000 - 5,000 - - Transfers £ - - - (3,888) (3,888) - 1,035 2,853 3,888 3,888 - |
31 Dec 2022 £ 31,927 2,771 27,209 3,840 |
|---|---|---|---|---|---|
| 65,746 | |||||
| 186,953 15,337 13,870 |
|||||
| 29,207 | |||||
| 216,159 | |||||
| 281,906 | |||||
| 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 |
17
WESTBURY PARK LOCAL ECUMENICAL PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2022
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 2022
| Restricted funds Unrestricted funds General funds Designated funds |
Fixed asset investments £ - 29,528 - 29,528 |
Net current assets £ 65,746 157,425 29,207 252,378 |
Total £ 65,746 186,953 29,207 |
|---|---|---|---|
| 281,906 |
18
WESTBURY PARK LOCAL ECUMENICAL PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2022
16 ANALYSIS OF NET ASSETS BETWEEN FUNDS (Continued)
As at 31 December 2021
| 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 |
17 RELATED PARTY TRANSACTIONS
Other than the transactions detailed elsewhere in the accounts, there were £Nil related party transactions in the year (2021: £Nil)
19