Westbury Park Ecumenical Partnership FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 Charity Number: 1173555
WESTBURY PARK ECUMENICAL PARTNERSHIP CONTENTS YEAR ENDED 31 DECEMBER 2023 Contents Pages Trustees Report 2to6 Reference & Administrative Information Independent Examiner's Report Statement of Financial Aciiviiies Balance Sheet Notes to the Financial Statements
WESTBURY PARK ECUMENICAL PARTNERSHIP REFERENCE & ADMINISTRATIVE INFORMATION YEAR ENDED 31 DECEMBER 2023 Introduction The Trustees have pleasure in presenting their Report ar)d financial statements for the year ended 31 December 2023. The Trustees have adopted the provision of the Statement of Recommended Practice {FRS102 SORP) Accounting and Reporiing by Charities ir) preparing the Annual Report and firbancial statements for the charity. Objectives and activities The objecis of the Charity are the advancement of Chriscian faith in the area of benefit ir) accordance with the principles and practices of the participacing churches which are St Albans Church and Westbury Park Meihodist Church. The activicies of the Charicy are.. the celebration of public worship.- the provision of occasional offices (baptisms. weddings and funei-als). the teaching of the Christian faith.. mission and evangelism. pastoral work- including visiting the sick and che bereaved. the provision of facilicies with a Christian eEhos for Ihe local community irbcluding the elderly. the young and other groups wi(h special needs and the support of other chariiies in the UK and overseas. The Ecumenical Church Council (ECC) is responsible for the maintenance of all chui-ch buildings and pi-operty. It cooperates with the Ecumenical Miniscer foi- the time being in the promotion of the whole mission of the church and consulis join(ly wich them on mattel-s of gener-al concern and importance to the church. The ECC has vai-ious committees which meet as necessary. It also sets up workins groups 10 consider pai-ciculai- items of business. The Board (being the ECC and the Ecumenic31 Minister) is aware of the provisions of the Charities Act 201 I concerning public benefi(. Ihe guidance published by the Chai-icy Commission on this subject and the obligation to repoi-i on ways in which they believe We5tbury Park Ecumenical Partnership meets the public benefit requirements established by that Ac(. Fiiller details of the Chariiy's objectives and activities under(aken in support of these objectives will be found in other sections of this repoi-t. Achievements and performance The ECC is keen to offei- a variety of diffei-eni soris of worship diii-ing the week and ovei- che coui-se of the monih and yeai- thai oui- communiiy find borh benefici31 and spii-iiually fulfilling. All are welcome 10 a(ietbd our services. 2023 felr very much like a return to normal afier the pandemic. Most of oui- pi-evious Ser-vices Continued (although Ihere ceased to be a seivice fi-om the Book of Common Pi-ayei- on the first Sunday at 8.00am and Chordl Eucharist has noi retui-ned) and gi-oiips wer-e again meeting. Ai Chrisimas and Easter we now aspii-e to use the Main Alcar. but most of the (ime we still use the Nave Altar. Oui- Pascoi-al Link scheme is an inipoi-(ant phi-( of our care for oui- congi-egation and the widei- communiry who come to MAF. Liitbch Club. Choir and oihei- aciivities. The Imonthly Lunch Club, 'Tea 2nd Chat" and Monday Aftei-noon Fellowship have i-esumed meeting. This
WESTBURY PARK ECUMENICAL PARTNERSHIP REFERENCE & ADMINISTRATIVE INFORMATION YEAR ENDED 31 DECEMBER 2023 means that on 3 weeks in each month there is a gachering for older people. They are much appreciared by those who artend. Our Small Groups are an imporrani part of our ministry. In Lenc in 2023 Lent Groups met wiih a mix of in-person and Zoom groups. and this year we read the book Failure by Bishop Emma Ineson. Ourside of Leni Ihe regular House group coniinued on Zoom. This year we have continued to use the Pilgrim course. The Breakfasi Group thai meets between the 8am and l 0.15am service has continued and is much appreciated. In recent years we have had Ordinands (minisiers in Training) from Trinity College on placement with us - boih during June (when Ordinands are aiiached to a differeni church from the one Ihey normally aciend for (he fflon(h) and full time (when chey are with a church for 311 their rime in Bristol). We had no June placemeni studenr Ihis year but Lizzie continued with us in her third year and will be with us until mid-2024 and Chaja lefr us to go to Cambridge. We consider it imporiani (o have been able to suppoi-l their training for their future roles in the church as ordained minisiers and they also contribuie(d} a loi to the life of the church here in Westbury Park. At the end of che revision of the Electoral Roll in April 2024 there were 123 people on the Church Electoral Roll 68 of whom are not resident within the parish. There wei-e also 55 people in membership of the Methodist Church. As well as our regular services. we enable our communiry to celebrate and thank God at the milestones of the journey (hrough life. Through bapiism we chank God for the gift of life. in marriage public vows are exchanged with God 5 blessing and through funei-al services friends and family express their grief and give thanks for the life which is now Complete in this woi-ld and to commend the pei-son into God's keeping. We had 4 Bapiisms in 2023, and four funerals in church and one ac the Crematorium. We also celebi-ated three weddings Ihis year ac Si Albans. We are pai-t of the Bristol and South Gloucestershire Methodist Circuit and also che Deanery of Briscol West in the Diocese of Bristol. The Church in Wesibury Park is blessed wich Ihi-ee fantastic buildings all of which are open and available foi- the public to use evel-y day of the year. Our letcings continue to pi-ovide an important pari of our income. We have had some new regular hii-ei-s and lots of Childi-en's birthday p3rries_ We have carried oui a number of important repaii-s foi- example- i-enewing the main lights in the Meihodist Church. chere has been woi-k done to the roofs of both churches. the floor in the Church Hall at St Alban's was revarnished, and the Sconework at 51 Alban's has been repaired. We have continued 10 Inake progress iowai-ds oui- objeccive of i-eordei-ing the back of the chui-ch. We have provided suppoi'i 10 the i-efugee family living in (he house in North View chat we own. Maintaining such buildings i-emains a financial challenge but we al-e commiited to them because of the oppoi-tuniLie5 they afford us and the benefii chai Ihey provide to (he local communi(y. Reaching out to our community i-emains a pi-ioi-iry but it has continued to be a challenge as it is often the same people who do all Ihe volunteering. It has been good that oui- gi-oups lot-
WESTBURY PARK ECUMENICAL PARTNERSHIP REFERENCE & ADMINISTRATIVE INFORMATION YEAR ENDED 31 DECEMBER 2023 the elderly, the detached youch work project and preschool have continued. A continuing success story has been the Toddler group Ihat regularly has up to SO households attending and we have had contact with well over 200 families. This meant we held a "Messy Easier" {chat had a small attendance buc was valued by Ih05e thei-e) as well as the Toddler Service ac Christmas chat Is very popular. This year we were deligh(ed chat White Tree preschool. which we run. was awarded Outstanding by Ofs(ed ai their lacesi inspection. This was a great tes(ament 10 (he hard work of all the staff. Financial review Total income of £283.445 was £8.077 (over 2 %) higher (han in 2022. The main reason for chis was the lifting of the pandemic resirictions 2nd being able to hire out our buildings again. However. despite the success of the Parish Giving Scheme and the one-offs (he general ti-end is siill dovwnwai-d. Total expendicui-e of £280.091 was £228 higher rhan in 2022. Wich (he openins up of che buildings again there has been a backlog of necessary repairs and the cost of-living ci-isis has also led to increases in our costs. We have been forcunace thac our Gas and Electi-ic tariff5 were fixed until 2023. The gi-ant-making policy of che Charity is to give away 5°A of our annual income to chari(ie5 and mission organisations which are proposed by rhe Chui-ch and Society Committee and detided upon by the ECC. There are 4 chariiies chosen each year one established Anglican 01- Methodist mission organisation. one national chai-ity. one local chai-iry and one ch31-icy working intei-narionally. We will ofien seek to pi-ioriiise smallei- char-ities wilh which we can have a meaningfLtI i-elationship. Thi5 year oui- quartei-ly chai-i(ies received £2,013.52 each as did Wi am - a conflict resolution charity in the West Bank who we 5UPPOI-t evel-y yeai-. addition, we organise events and make colleciions foi- these and other chai-ities such as Cl)ristiAn Aid the Children's Sociery and DEC appeals. We also sponsor a schoolgirl in Uganda. A( this time the Ti-ustees do not have a reserves policy. We feel that at this stage to establish a resei-ves policy would be an impediment to raising our giving levels and would advei-sely affect oui- fundi-aising. We will continue to keep this undei- review. As at 31 December 2023 Ihe charity's fl-ee i-e5erves wei-e £188.877. The Truscees are saiisfied that the Chai-iLy ha5 5Lifficient funds to allow the accounis 10 be drawn up on a going concei-n basis. Structure, Governance and Management Westbury Park Ecumenical Partnei-ship is an unincoi-porated charity. registered as a chai-ity on 26 June 2017. The charity was e5cablished under the consiitution adopted on (he 25 Api-il 2010. The Tru51ees meet foi-mally on a bi-monthly basis. Between meeiings. responsibility for the management of Westbui-y Pai-k Ecvmenical Pni-lnei-ship lies with Ihe Ecumenical Ministei-. The key management pei-sonnel of the charity lire che Boai-d of (he Ti-ustees and the Ecunienical Miiiistei-. The annual salary and employment benefics of key management pei-sonnel ar-e set by the Boai-d of Ihe Ti-ustees. The Trustees have delegated the day to day i-unning of the Chariiy to the Ecumencial Mini51er
WESTBURY PARK ECUMENICAL PARTNERSHIP REFERENCE & ADMINISTRATIVE INFORMATION YEAR ENDED 31 DECEMBER 2023 The Board of Trusiees has appoinced a Treasurer 10 administer the financial policies of the charity. The established sub- committees of the Board and their responsibilitie5 are 35 follows: The Finance & Property Committee which irkcludes the Ecumenical Minister. Churchwardens and Stewards plus oihei-s wiih relevant skills. and meets as required to plan and advice on matters to do wilh the fabric of the church. The Church and Society and Missions Committee which oversees charitable giving and dissemination of information about the woi-ld-wide church, and involvement in service and action beyond the parish. The Worship Committee which oversees all matters pertaining to che worship of (he chui'ch. The Children's Work Committee which morbitors the work of the Sunday Club and includes Ihe Sunday Club leader and teachers. This is informally known as the Sunday Club leaders meeting. The Pastoral Care Committee Vvhich oversees the recruiring, training and alloca(ion of pastoral visitors. Trustees al-e appointed by election at the church annual meeting. The Licensed ministers of the LEP (lay and ordained) are ex officio Ti-ustees, as are.. Deanery and Diotesan Synod members. Church Wal-dens and Methodist Stewai-d(s)- Thei- will be (up co 19) elecied ti-ustees whose term is 3 years {afiei- which they may be i-e- elecLed) splii beLween Anglican and Methodist membei-s. The Irustees can co-opt up to 4 fui-cher ci'ustees (whose (erm of office is l year - after which Ihey may be co-opted again 01- elecced). Statement of Trustees. responsibilities The Ti-ustees are responsible for pi-eparing the Ti'LlStees Report and the financial statements in accoi-dance with applicable law ar)d United Kingdom Accounting Standai-ds incliiding Financial Repoi-tins Standard 102.. The Finarbcial Reporting Standard applicable in the UK and Republic of Ireland (Uniied Kingdom GeneralSy Accepted Accounring Pi-acrice The Iclw applicable to chai-ities in England & Wales requii-es the Ti-ustees to pi-epai-e financial 51aiemencs foi- each financial year which give a ti-ue and fail- view of the state of affaii-s of the chai-iLy and of the income and expendi(ui-e of the chai-icy foi- thar pei-iod. In pi-epai-ing these financial staiemenis. the trusiees are required io.. select suitable accountitbg policies and then apply them ¢onsis(ently-
WESTBURY PARK ECUMENICAL PARTNERSHIP REFERENCE & ADMINISTRATIVE INFORMATION YEAR ENDED 31 DECEMBER 2023 observe the methods and principles in the Charities SORP for the time being,. make judgments and accounung esiimates that are reason3ble and prudent.. stace whether applicable UK Accounting Scandards have been followed, subject to any material depariures disclosed and explained in rhe financial siatemen(s-. and prepare the financial st31emenrs on (he 'going concern basis unless it is inappropria(e co 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 rhe financial position of the charity and enable them to ensure thac the financial staiements comply wilh the Charities Act 201 l. the Chai-ity (Accounts and Reports) Regula(ions 2008 and the provisions of Ihe Irust deedlconstitucion. They are also responsible for safeguarding (he assets of the chai-ity and hence for taking reasonable steps for the prevencion and detection of fraud and other irregularities. Approved by rhe Trustees on Signed on behalf of the Ti-ustee5 Rev. Emma Langley Ti-ustee Charity Registration Number 1173555 Charity Name We5(biii-y Pai-k Local Ecuinenical Pic r(nership (also known as St Albans Chui-ch, Westbui-y Park Methodist Chiii-ch. The Church in Wesibuiry Pai-k. Ecumenical Chui-ch Council (ECC))
WESTBURY PARK ECUMENICAL PARTNERSHIP REFERENCE & ADMINISTRATIVE INFORMATION YEAR ENDED 31 DECEMBER 2023 Principal Office Wesibury Park Church. 4 North View. Wesibury Park. Bristol, BS6 7QB Trustees Mary Knight Rev Emma Langley Cari-on Morley Astrid Pesrell Catherine Maddock Judich Manning Rachel Hyland Christine M Shire5 Linda Anderson Roger Holbrook (appointed May 2023) Wayne Lennon Linda Talbot Reginald S Barnwell (until May 2023) Edward Davies Margaret Morgan Nicola Walton Alison Grani (appointed May 2023) Tacey Bain (until May 2023) Edwina Lloyd Treasurer Marcha Doyle Hon. Secretary Rachel Hyland Independent Examiner David Baptiste ACPA, Linden Accountants Limited. Scrapsiore House, 21 Sevier Street St Wei-bui-ghs. Bi-istol. BS2 9LB Bankers Lloyds Bank. Westbury on Trym
WESTBURY PARK LOCAL ECUMENICAL PARTNERSHIP STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 DECEMBER 2023 Unrestricted Funds Restricted Funds Total Funds Total Funds 2023 2022 Note Income from: Donations Charitable activities Other trading aclivilies Investments 97.617 175.081 639 4,957 5.151 102,768 175,081 639 4.957 102,071 171,633 38 1,625 Total income 278.294 5.151 283.445 275.368 Expenditure on: Charitable activities Raisin9 lunds 257.955 488 21.647 279,603 488 279,659 204 Total expenditure 258.444 21,647 280.091 279.863 Nel gains I Ilossesl on inveslmenls 12 2.778 2.778 13.9401 Nel in¢omellexpenditLirel for the year 22.629 116,496) 6.132 18,4351 Tiansfers between funds 15 Movement in fLJnds 22.629 116.4961 6,132 18,4351 Total funds at 1 January 16 216.159 65.746 281.906 290,341 Total funds at 31 December 16 238.788 49,250 288.038 281,906 The Charity has no recognised gains or losses other than Ihe Tesulls for the year as sel out above. All ol Ihe aclivilies ol the charily are classed as continuing. The comparative Statement of Financial Activities is shoym in note 11. The notes on pages 11 to 19 form pail ol these linancial slalements
WESTBURY PARK LOCAL ECUMENICAL PARTNERSHIP BALANCE SHEET YEAR ENDED 31 DECEMBER 2023 2023 2022 Note FIXED ASSETS.. Investments 12 32,306 29.528 CURRENT ASSETS.. Debtors Cash al bank and in hand 13 3,831 263.850 25.147 235.145 267,681 260,291 CURRENT LIABILITIES: Creditors. falling diie within one year 14 111.9481 17,9131 NET CURRENT ASSETS.. 255,733 252,379 NET ASSETS: 288.038 281.906 FUNDS Unreslricled funds Reslricled funds 16 16 238.788 49.250 216,159 65,746 288.038 281,906 These financial slalemenls were appioved by the Truslees on and are signed on their behalf by.. Enima Langle The noles on pages 11 to 19 lorm part of these financial slalements
WESTBURY PARK LOCAL ECUMENICAL PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLICIES al Basis of preparation The financial slalements 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 uncertainlies about the Charitys abilily to Continue as a going concern. The Charity is a public benefit entity. bl In¢ome In¢ome from donations is included when these are receivable, except as follows.. i) When the donors specify that the donations gwen to the charity musl be used in future accounting periods, the income is deferred until those periods. ill When donors impose conditions which have to be fulfilled before the Charity becomes enlilled lo use such income, the income is deferred until the pre-condilions have been mel. Donated services anLf facilities are included al the value ol the Charity where this can be qualified. cl Expenditure Expendiliire is recognised on an accrual basis and has been classified undei headings that aggregat& all costs ielaled lo that category. Expenditure includes allributable VAT that cannot be recovered. Governance ¢osl include those costs associated with meeling Ihe ¢onslilulional and statutory reqLJiremenls ol the charity, and include its independent examination fees and costs linked lo the stralegic management of the charity including trustee expenses. Grants and donations are accounted for when paid over. or when awaided, if Ihe award creates a binding or constructive obligation on the ECC. dl Investments Investments are included al market vallie al 31 December. The SOFA includes the nel gains and losses arising on revaluations and disposals during the year. el Debtors Trade and other debtors are re¢cyJnised al the settlement amount due after any trade discount offered. Prepayments are valued al the amount prepaid after taking accounl of any discounts due. 11 Creditors Creditors and provisions are iecognised where the Chaiity has a presènt obligation resulting from a past event that will probably resiill in the Iiansfer ol funds lo a third party and Ihe amount due lo settle the obligation can bè measlired or eslimaled reliably. Credilors and provisions are normally iec(MJniseil al their settlement amount after allowing lor any discounts due.
WESTBURY PARK LOCAL ECUMENICAL PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLICIES Icontinuedl gl Unrestricted Funds General funds are unieslii¢led funds which afe available for use al the discretion of the Trustees in furtherance of the general objtt¢lives ol the Chaiily and which have not been designated fof other purposes. Designated funds form part of unrestricled funds and have been identified as being lor particular purposes by the Trustees They are not reslri¢led and Can be transferred lo general funds al any time al Ihe discretion of the Trustees h) Restricted Funds Reslricled funds are funds which are to be used in accor(Fance with the specific reslriclions 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 ol each reslricled fund is sel out in the notes of the lin2ncial slalemenls. INCOME FROM: DONATIONS AND LEGACIES Unrestricted Restricted Funds Funds Total Funds 2023 Total Funds 2022 General donations Bequeathed income Gilt aid Grants 69,347 11.720 16.550 5,151 74,498 11,720 16.550 69,110 14,056 11,894 7,011 97.617 5.151 102,768 102.071 Included in the 2022 income are reslricted general donations of £3.834 and iestricted Gilt Aid of £4,859. INCOME FROM: CHARITABLE ACTIVITIES Unrestricted Restricted Flinds Funds Total Funds 2023 Total FLinds 2022 Rental Income 93.659 4.192 71.799 93,659 4.192 71,799 114.705 7.398 43,594 Chiirch services While Tree Preschool Trips YoLlth Club 5.143 288 5.143 288 5,861 75 Miscellaneous 17S.081 175,081 171.633 Included in Ihe 2022 income are reslricted funds of £253_
WESTBURY PARK LOCAL ECUMENICAL PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 INCOME FROM.. OTHER TRADING ACTIVITIES Unrestricted Funds Restricted Funds Total Funds Total Funds 2023 2022 Fundraising income 639 639 38 AII 2022 fundraising income has been Classified as unrestricted. EXPENDITURE ON- CHARITABLE ACTIVITIES Unrestricted Restricted Funds Funds Total Funds 2023 Grants Inole 61 Bristol Diocesan Board of Finance Circiiit assessment Ministry costs Youth Club While Tree Preschool Support costs Inole 71 11,901 45,¢X)O 7.152 5,071 3,355 52.883 132.594 4.917 16,818 45,000 7,152 5,520 3.355 52,883 148,876 449 16,282 257.955 21.647 279,603 Prior year comparative Unrestricted Restricted Funds Funds Total Fiinds 2022 Grants Inole 61 Biislol Diocesan Board of Finance Circiiil assessment Ministry cosls Yoiilh Cliib Whiltt Tree Preschool Support costs Inole 71 6.577 45.000 10,366 3,087 5,061 54.360 118.985 1,442 8,020 45,000 10,366 3,438 5.061 54.360 153,415 350 34,430 243.436 36.223 279.6S9
WESTBURY PARK LOCAL ECUMENICAL PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 ANALYSIS OF GRANTS Unrestricted Reslrlcted Funds Funds Total Funds 2023 To liistitiitioips Box Aid Children's Society Christian Aid DEC Pakistan DEC Syria and Turkey DEC Ukraine Mbarara Community Prqect Methodist Centre Royal School of Church Music Sixty-one Ted.ED The Smile Train UNA-UK Waste Aid Chaiily payments 139 506 605 139 506 605 446 375 220 1.586 446 375 220 1.586 1,040 1,040 11,901 11,1 11,901 4.917 16,818 Prior year comparative Unrestricted Restricted Funds Funds Total Funds 2022 To Iiislitiilions Box Aid Children's Society Christian Aid DEC Pakistan DEC Syria and Turkey DEC Ukraine Mbarara Communily Project Methodist Centre Royal School ol Church Music Sixty-one Ted-ED The Smile Train UNA-UK Waste Aid Cl?arily payii?eiils 277 387 353 277 387 353 372 372 53 $3 6,577 6,577 6,577 1.442 8.020
WESTBURY PARK LOCAL ECUMENICAL PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 SUPPORT COSTS Unrestricted Restricted Funds Funds Total Funds Total Funds 2023 2022 Wages and salaries 45.015 21.925 15.277 38,602 7.861 1.595 45.015 21,925 15.277 54,884 7,8S1 1.595 41.956 24,480 9.971 62,569 10,131 817 Insurance Repairs and maintenance Ollice costs Licences & subscriplions Bank Charges Sundry Goveinance costs 16,282 1.598 720 1.598 720 2.771 720 132.594 16.282 148,876 153,415 Included in the 2022 expenditure are reslricled support costs 01 £34.430. NET INCOME FOR THE YEAR 2023 2022 This is slated after charging.. Trustee remLineralion Independent examination fee 720 720 STAFF COSTS 2023 2022 The aggregale payroll costs were.. Wages & salaries Social se¢urily costs Pensions 86,821 3,421 2,380 92,622 86.123 1,464 3,315 90.9D2 No employee received emoluments of more than £60.000. The average monthly headcounl of employees during the year was 16 {2022-. 161 The lolal employee benefits received by key management personnel is £Nil12022." £Nill. Aggregate donations from Truslees. key management personnel, and othe¥ related parties was £Nil12022.. £NIll. 10 TAXATION The Charity is exempl from cotporalion tax on ils charilable aclivilies_
WESTBURY PARK LOCAL ECUMENICAL PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 11 COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Funds Restricted Funds Total Funds 2022 Income from.. Donations Charitable activities Other trading activities Investments 93,378 171.380 38 1,625 8.693 253 102,071 171,633 38 1,625 Total income 266.422 8.946 275.368 Expenditure on: Charitable activities Raising funds 243.436 204 36.223 279,659 204 Total expenditLire 243,640 36,223 279,863 Nel gaills I Ilossesl on investments {3,9401 3,940 Movement in Ilinds 18.842 127,2771 18.4351 Total funds at 1 January 2022 197,318 93.023 290,341 Total flinds al 31 December 2022 216.159 65,746 281,906 12 INVESTMENTS Unlisted Investments Listed Investments 2023 2022 Market vallie as al 1 January 2023 Unrealised gains I1105sesl 904 85 28.624 2.693 29,528 2.778 33.468 13,9401 Market value as al 31 December 2023 989 31,317 32,306 29,528 13 DEBTORS 2023 2022 Other debtors 3,831 25.147 3,831 25,147 14 CREDITORS.. amotints falling due within one year 2023 2022 Other creditors 11,948 7,913 11,948 7.913
WESTBURY PARK LOCAL ECUMENICAL PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 15 MOVEMENT IN FUNDS Year ended 31 December 2023 1Jan 2023 Income and gains Expenditure and losses 31 Dec 2023 Transfers Restricted funds St Albans Building fund Maintenance Fund 6 North View Fund Other funds 31.927 2,771 27.209 3,840 (9.4701 22,457 2,771 20.397 3.626 16.812) 15.3661 5,151 65.746 5.151 121,6471 49,250 Unrestricted funds General funds Designated funds White Tree Preschcx)I Youth Club 186.953 201,352 {199.427) 188,877 15,337 13.870 29.207 71.799 5.143 76.942 152,8831 {3.3551 156.2381 34,253 15,659 49,911 216.159 278.294 1255.666} 238,788 Total fLinds 281.9( 283,445 1277.3131 288,038 Year ended 310ecember 2022 1Jan 2022 Income and gains Expendilure and losses 31 De¢ 2022 Transfer5 Restricted flinds St Albans Building fund Maintenance Fund 6 North View Fund Other funds 31,583 2,771 55.612 3,057 343 31,927 2,771 27.209 3,840 5,242 3,361 133.6451 (2,5781 93,023 8,946 136.2231 65.746 Unrestricted fLinds General funds Designated fLinds While Tree Preschool Youth CILib 162.945 217.167 (188.1601 15.ODOI 186,953 21.303 13.070 34.372 43.394 5.861 49.255 {54.3601 (5.0611 159.4201 5.000 15,337 13,870 29,207 5.000 197.318 266.422 1247.5801 216,159 Total fLinds 290.341 275.368 {283.8031 281,906
WESTBURY PARK LOCAL ECUMENICAL PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 15 MOVEMENT IN FUNDS Icontinued) Restricted funds WPMC kitchen fund repTesenls donalion and grants given lowards the repair and restoralion ol the Weslbury Park Melhoolisl Church Kilchen. Sl Albans building fund represents grants and donation given lowards the building work of St Albans Church. While Tree Preschool iepresenls donalions given to sUprt the daily activities ol the Westbury Park Preschool. The eolleclions fund represents gifts and donations collecled for various charities throughoul the year. these are then primarily gianled out to these organisations accordingly as per note 6. The maintenance fund represents granls and donation given lowards the repair and restoration of Ihe builclings held by the charity. Other ftjnds represents donations towards various small church projects such as the flower fund or the church music fund Designated funds White Tree presch1. these funds represents those amounts sel aside by the Trustees for the delivery ol charitable activities al the preschool. Youth Club. these funds represent those amounts sel aside by the Trustee5 for the delivery of charitable activities in the Youth CILJb. 16 ANALYSIS OF NET ASSETS BETWEEN FUNDS As al 31 De¢ember 2023 Fixed asset investments Net Clirrent assets Total Restricted fLinds Unreslri¢led fiinds Geijenl f1117ds DesigiFalecl fiiiids 49,250 49.250 32.306 156.571 49.911 188.877 49.911 32.306 255.732 288,038
WESTBURY PARK LOCAL ECUMENICAL PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 16 ANALYSIS OF NET ASSETS BETWEEN FUNDS {Continued) As at 31 December 2022 Fixed asset investments Net current assets Total Reslricled funds Unrestricted funds Gei?eral ftiiids Desigi?aled fiiiids 65.746 65,746 29.528 157.425 29,207 186.953 29,207 29,528 252,378 281,906 17 RELATED PARTY TRANSACTIONS Other than the Iiansaclions detailed elsewhere In the accounts. there were £Nil related paty transactions in the year 12022 £Nill