REGISTERED COMPANY NUMBER: 10743504 (England and Wales)
REGISTERED CHARITY NUMBER: 1175502
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
FOR
ST WERBURGH'S DERBY
Sibbalds Limited
Chartered Accountants and Business Advisers
Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS
ST WERBURGH'S DERBY
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
|
Page |
Reference and Administrative Details |
1 |
Report of the Trustees |
2 to 6 |
Independent Examiner's Report |
7 |
Statement of Financial Activities |
8 |
Balance Sheet |
9 to 10 |
Notes to the Financial Statements |
11 to 20 |
Detailed Statement of Financial Activities |
21 |
ST WERBURGH'S DERBY
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2021
TRUSTEESE D L Bateman
S L Crathorne (appointed 30.6.21)
D J Dark (appointed 30.6.21)
L J Gwilt (appointed 30.6.21)
V Lewis (appointed 30.6.21)
P D Mann
C McCrone (appointed 30.6.21)
L C Mildenhall-Clarke (appointed 30.6.21)
B T Sams (appointed 30.6.21)
C J Simpson (appointed 30.6.21)
M J Stillwell (appointed 30.6.21)
S J Hance (resigned 30.6.21)
C J Riley (resigned 30.6.21)
C E Wigfield (resigned 30.6.21)
REGISTERED OFFICESt Werburgh's Church
Friar Gate
Derby
DE1 1BU
REGISTERED COMPANY NUMBER 10743504 (England and Wales)
REGISTERED CHARITY NUMBER 1175502
INDEPENDENT EXAMINERSibbalds Limited
Chartered Accountants and Business Advisers
Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS
PRINCIPAL BANKERS Natwest Bank
58 St Peters Street
Derby
DE1 1XL
Page 1
ST WERBURGH'S DERBY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheir report
withthefinancialstatementsofthecharityfortheyearended31December2021.Thetrusteeshaveadopted the
provisionsofAccountingandReportingbyCharities:StatementofRecommendedPracticeapplicableto charities
preparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublic of
Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Vision
Ourobjectivesaresetoutinourgoverningdocument,theMemorandumandArticlesIncorporated27/04/2018 as
amendedbyspecialresolutionregisteredatCompaniesHouse13/10/2017.Thecharitywasregisteredwith the
Charity Commission on 1st November 2017 (charity number 1175502).
The charity'sobjectis the advancementof the Christianreligionthroughthe provisionof an Anglicanplace of worship
in Derby as part of the establishment, renewal, and revitalisation of churches within the Anglican communion.
TheTrusteesarecommittedtothevisionstatementofthechurchtobuildanauthenticcommunitywhichis Christ
centredthatplaysourpartintransformingthecityandbeyond.In accordancewiththevisionstatement,the church
aimstomeetitsobjectivesthroughtheprovisionofchurchservices,courses,andplantingchurches.Given the
diversity of the church's activities, performance is measured on a case-by-case basis.
Public benefit
Inaccordancewithourdutiesasstatedinsection17(5)oftheCharitiesAct,wehaveconsideredthe guidance
providedbytheCharityCommissioninregardtopublicbenefit.Thispublicbenefithasbeendemonstratedby the
activities undertaken since inception of the charity outlined in this document.
Volunteers
Thechurchbenefitsfromthededicatedworkofagreatnumberofvolunteers.InaccordancewithFRS102and the
Charities SORP (FRS 102), the economic contribution of general volunteers is not recognised in the accounts.
Page 2
ST WERBURGH'S DERBY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021
ACHIEVEMENT AND PERFORMANCE
Charitable activities
2021startedwithusbackinlockdownandunabletomeetinperson.Wecontinuedtomeetonlinewith an
introductionofourlivestreamedservicesuntilEasterwhenweopenedourdoorsagainwithacelebrationof Jesus'
resurrectionandbeingbacktogether.Servicescontinuedfromthenonwithsocial-distancingmeasuresinplace and
these gradually reduced as the year went on.
In Septemberthingsfelt much more normalrunningbothour 10.30 a.m. and 6.30 p.m. serviceswith our children and
youthgroupsrunningasnormalandourteamsofvolunteersbackinthebuilding-servingrefreshments and
welcomingpeople.TheAlphaCourserestarted,refugeegroupsreturnedandourgardeninggroupstartedto make
work on renovating the churchyard. Our 4.30 service was temporarily put on hold.
Buildingworkcontinuedonthechurchwiththerefurbishmentofthetoiletstoprovidedisabledandbaby changing
facilities.We purchaseda buildingto enableus to expandour childrenand youthwork,with the youthstartingto use
this on Sunday mornings. A construction company was contracted to create designs and plans for a refurbishment.
Our'LoveYourNeighbour'projectcontinuedthroughouttheyearandwecontinuetosupportourchurchplant in
Mackworth, Derby City Mission and Derby Food for Thought Alliance.
Our Alpha course returnedto face to face meetings in Septemberand we joineda nationalcampaignto offer Alpha to
every person in the UK.
Significant Events have included:
- Celebration of our 4th Birthday
- City-wide Alpha
AGM/Werbs Church Council
This year we held our first AGM and held electionsfor our First Werb's ChurchCouncilmembers. These 10 people plus
ourleadministerformthetrusteesofthecharitywithadditionalmembersofthechurchleadershipteam being
co-opted to the council.
Building Work
Buildingworkhascontinuedslowlywiththemajorprojectfor2021beingtherefurbishmentofthetoilets.We now
have 6 individualtoiletsplus a disabledaccess toiletand babychangingfacility.Plansfor 2022 includethe installation
of a new sound desk, new doors to improve security and some finishing off.
Churchyard Renovation
In 2021we appliedto the Diocesefor a facultyto renovatethe churchyardintoa usablegardenarea.The paperwork
forthiswasratherintensiveandtheprocesslengthysowhilstwaitingforpermissiontocomethroughateam of
volunteersstartedclearingthe area,makingplansandsourcingmaterials.It is hopedthatin 2022thisprojectwill be
completedsowecanenjoyitduringthesummermonths.AgrantwasawardedbyAllChurchesTrusttowards this
project.
New building
In August2021 we purchaseda new buildingat 11-12 Friar Gate. This is a shortwalk from the churchbuildingand has
beenusedtoaccommodateourSundaymorningyouthgroup.Plansfor2022includearefurbishmentofthe entire
building to enable us to use it for community outreach projects as well as office space.
Staffing
In 2021 we appointeda full-timeOperationsManager,part-timeOperationsAssistant,a part-timeStudentPastor and
a full-time Production Manager. We were also joined by a new curate funded by Derby Diocese.
Page 3
ST WERBURGH'S DERBY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021
Church Plant - Mackworth
We havecontinuedto supportour2020churchplant- St Francis,Mackworth- wherewe heldourfirstFunDay. This
wasattendedbyover500people.WealsodeliveredaChristmasgiftcontainingateabag,hotchocolate sachet,
biscuit and chocolate along with a Christmas card to all of 4000 houses on the estate.
Love Your Neighbour/STW Coaching
TheLYNteamhavehadtheprivilegeofcoachingawiderangeofpeoplefromvariouswalksoflifethrough STW
Coaching.We have completedaround300 hoursof focussedcoaching,with60 individualclients,alongwitha further
200hourshelpingclientsprepareapplicationforms,completeCVsorprepareforinterviews,inadditionto more
informalgroup-basedsessions.The changingworklandscapemeantthatratherthanseeingmass unemployment, we
sawmassjobvacancies.Asaresultwemovedawayfromgeneralhelptospecificallysupportinggroupswhofind it
difficulttoenterintothejobsmarket.Wehavebeguntofocusonhelpingrefugeesfindsuitable,long-termwork by
working with local businesses. We have also started to offer a counselling service.
We are continuingto workalongsideDerbyCitymissionandDerbyFoodfor ThoughtAllianceon the community cafe
and shop initiative and also Love Christmas where 850 gifts packs and food were handed out to families this year.
ThroughouttheyearLYNinitiativehasconnectedwithDerbyCitycouncil,localcouncillors,MPandDerby County
Community Trust.
Sunday Services
ChurchreopenedinlinewithUK Covidrestrictionsin2021,beginningwithour10.30amand6.30pmSunday Service.
Ourcongregationsizeis around300people,withanaverageof250adultsattendingourSundayservices.In January
2021, we held our first live streamed service and continued to offer this throughout the year.
ThroughoutDecember2021,weraneightservicesinpersonandonline.OurChristmasServicesincludedCarols by
Candlelight, Contemporary Carols, Family Carol Services and Christmas Eve Communion service.
Children's Work
Children's work has continued to be harder to run this year due to the pandemic restrictions.
Aswellasonlinepre-recordedcontentforourfamiliesandchildreninthefirstpartoftheyear,when restrictions
wereliftedinthelattermonthsoftheyearmoreinpersonactivitieswereabletoberun.Foroursocially distanced
serviceswecreatedactivitypacksforchildrentoenjoyduringtheservicebutwewereveryhappywhenwe could
once again welcome our children safely back into their rooms.
The Light Party and Advent Party were very successfulseeing between 60-80 childrenat each and were great outreach
opportunities.ItwasthefirstyearweranourownSummerHolidayclubwhichreachedabout30childrenwith the
goodnewsaboutJesus,halfofwhichwereunchurchedorrefugeechildren.OnlineZoomconnectionscontinued for
those in year 6 to enable a smooth transition into our Youth group at Easter.
Youth
Youthwork continuedonlinethroughoutlockdownsand beganmeetingin personin Easter2021 for dropin sessions,
discipleshipsessionsandsocials.Theyouthgrouphasgrowntoabout3xitssizeoverthecourseoftheyearwith a
coreteamofleaders,manyofwhomwereintheyouthgroupthemselvesbeforebecomingleaders.Inthe Autumn,
they went on a weekend away which was well attendedand built communityand faith. The youthgrouphas attracted
a wide rangeof youngpeople,includingthosewith no churchbackground,a numberof youngpeoplewith additional
needsandanumberofyoungpeoplewhoarerefugees.Theyouthgroupbeganusingthechurch'snewbuilding for
sessions towards the end of the year and looks forward to using it a lot more in the years to come.
Page 4
ST WERBURGH'S DERBY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021
Students
Throughout2021wehaverunconsistentstudentworkreachingoutbothinpersonandonlinewherepossible. We
haveseena growingnumberof studentsengagewiththeministryhereatSt Werburghs.We establisheda part time
StudentPastorinSeptember2021.As restrictionsallowed,we rana studentwideAlphacoursewhichsawa number
of new studentscome to engagewithus as a church.Also we have seen a numberof ourstudentsgrowin leadership
roles within the church.
Alpha
Alphaisaten-weekcourseandgivesguestsanopportunitytoexplorequestionsoffaithandthemeaningoflife. In
the firsthalfof 2021we ran2 Alphacoursesonlinevia zoom.Over the summerwe startedto leada coordinated city
wideapproachwithabout9otherchurchesacrossDerby,wherewejointlyadvertisedthecourse,prayed together.
WealsoranatrainingeventopentotheotherchurchesaheadoflaunchingthecourseintheAutumnTerm.In the
AutumnTermwe ran2 inpersoncoursesinthebuildingandoneonlinecourse.Throughout2021we hadthejoy of
seeing people on Alpha start to follow Jesus and have their lives transformed.
Werb's Groups
Werb'sGroupscontinuedonlineformostof2021untilrestrictionsliftedinSeptember.Thegroupsaretheheart of
ourchurchasweseektobuildanauthenticcommunity.Thesearegroupsof8-15peoplewhogatherweekly to
explorewhatitmeanstofollowJesusandtobuildfamilythroughBiblestudies,worship,prayer,socials,and sharing
mealstogether.TheymeetthroughouttheweekbothindifferentplacesinandaroundDerby,andonlinevia Zoom,
and run at various times to suit each one of us.
Asweworktowardsexpandinganddiversifyingourgroupsevenmore,wearealsoworkingtowardsdeveloping a
cultureofmultiplying;asoursmallgroupsgrow,we areseekingopportunitiestoraiseanddevelopnewsmall group
leaders to plant additional Werb's Groups in other areas of Derby.
Leadership Development Year
Werecruitedourfirst4participantsintheLeadershipDevelopmentprogrammeinSeptember2021. These
participantsarebeingmentoredbyourstaffmembersalongsidesomeregularsmallgroupteachingon Leadership
skills.
FINANCIAL REVIEW
Financial position
IntheperiodtotheendofDecember2020StWerburgh'sChurchreceivedatotalof£490kagainstexpenditure on
charitableactivitiesof£501k.Expenditureonthepurchaseoffixedassetstotalled£761k,includingthepurchase of
thenewpremisesfor£684k.Restrictedfundsreceivedintheperiodtotalled£149k,thesewerereceivedfrom the
DioceseandChurchCommissionersforoperatingcostsandbuildingre-orderingandalsoLoveYour Neighbour.
Budgets, forecasts, and reserves are in place to support the transition to self-sufficiency in the coming years.
Reserves policy
TheDirectorsaimtoholdfreereserves(i.e.unrestrictedfundslessfixedassets)equaltoapproximately3months of
expenditureascontingencyforunexpectedevents.Attheendof2021thebalanceoffreereservescameto £296k,
which is sufficient to comply with the reserves policy.
Additional reserves held as designated are detailed in the notes to the financial statements.
FUTURE PLANS
TheCharityplansoncontinuingtheactivitiesoutlinedaboveintheforthcomingyearssubjecttosatisfactory funding
arrangements.
In 2022 we planto do the first phasesof the renovationat 11-12 FriarGate to transformit in to a place where we can
reachouttothecommunity,expandouryouthandchildren'sworkandprovideofficespaceforourstaff.Over the
next 2 or 3 years we hope to be able to plant our second church.
Page 5
ST WERBURGH'S DERBY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
St Werburgh'sDerbyis a charitablecompanyregisteredin the UK withThe CharityCommissionof Englandand Wales
(registerednumber:1175502).StWerburgh'sDerbyisgovernedbyMemorandumandArticlesof Association
27/04/2018 as amended by special resolution registered at Companies House 13/10/2017.
Decision making
The Trusteesmonitorand advise on financialand strategicdecisions.They supportthe LeadershipTeam which directs
theongoingoperations.TheFinanceCommitteeareresponsibleformakingdecisionsonallmattersof general
concernandhowthefundsofStWerburgh'saretobespent.TheFinanceCommitteeisrepresentativeof the
congregation and includes the Lead Minister, Operations Manager and Treasurer.
Induction and training of new trustees
ProceduresfortherecruitmentandappointmentofTrustees/DirectorsarelaidoutintheMemorandumand Articles
of Association. New trustees are elected by members of the church.
Allstaff,volunteersandTrusteesundergoaformalrecruitingandselectionprocess,followedbyaninduction period
thatincludesanytrainingconsiderednecessarytoeffectivelyperformtheirrole.SeniorManagementofthe church
consists of clergy, whose pay is set via stipend, the level of which is set by the Diocese.
SAFEGUARDING
TheTrusteeshaveadoptedtheChurchofEngland'ssafeguardingpolicyrelatingtochildren,youngpeople and
vulnerablepeopleandappointedAlexDannastheParishSafeguardingLink.AlexDannhascompletedthe Diocese's
training courses in safeguarding young people and vulnerable adults.
TheDirectorsarecommittedtotheprinciplesofbestpracticeinrelationtosafeguardingandcomplieswiththe duty
undersection5 oftheSafeguardingandClergyDisciplineMeasure2016inrespectofhavingdueregardtoHouse of
Bishops'guidanceonsafeguardingchildrenandvulnerableadults.Theguidancecanbe readinfullontheChurch of
England official website.
UseoftheParishSafeguardingDashboardtoauditoursafeguardingpracticeshasbeenimplemented since
September.Thishashelpedus toreviewourpoliciesandproceduresandensuredthatourstaffandvolunteers have
thecorrectleveloftrainingaccordingtotheChurchofEnglandguidelines.Wealsoreviewedour volunteer
recruitment process and developed more efficient systems for tracking the different stages of this.
Safeguardingconcernswithinthe churchare dealtwith usingthe supportof the SafeguardingTeam at Derby Diocese.
We continue to work hard to make the church a safe and welcoming place for everyone.
Approved by order of the board of trustees on ............................................. and signed on its behalf by: 7th April 2022
........................................................................
P D Mann - Trustee
Page 6
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
ST WERBURGH'S DERBY
Independent examiner's report to the trustees of St Werburgh's Derby ('the Company')
IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended
31 December 2021.
Responsibilities and basis of report
As the charity'strusteesof the Company(andalsoits directorsfor the purposesof companylaw)youare responsible
for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfiedmyself that the accountsof the Companyare not requiredto be auditedunder Part 16 of the 2006 Act
andareeligibleforindependentexamination,Ireportinrespectofmyexaminationofyourcharity'saccounts as
carriedoutundersection145oftheCharitiesAct2011('the2011Act').IncarryingoutmyexaminationI have
followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since yourcharity'sgross incomeexceeded£250,000yourexaminermust be a member of a listedbody.I can confirm
that I am qualifiedto undertakethe examinationbecause I am a registeredmember of ACCA which is one of the listed
bodies.
Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnectionwith the
examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhich attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
David Bowler FCCA CTA
ACCA
Sibbalds Limited
Chartered Accountants and Business Advisers
Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS
Date: .............................................
Page 7
ST WERBURGH'S DERBY
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2021
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Investment income
3
Other income
Total
EXPENDITURE ON
Charitable activities
4
Capital & upfront costs
Students, youth & children
Alpha & events
Intern program
Mission giving
Worship & services
Love Your Neighbour
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD |
Unrestricted
funds
£
339,672
76
1,602
341,350
15,451
97,546
27,966
29,117
61,642
69,817
-
301,539
39,811
1,064,848
1,104,659 |
Restricted
funds
£
149,127
-
-
149,127
11,450
23,143
11,451
20,475
-
39,487
93,932
199,938
(50,811)
899,736
848,925 |
2021
Total
funds
£
488,799
76
1,602
490,477
26,901
120,689
39,417
49,592
61,642
109,304
93,932
501,477
(11,000)
1,964,584
1,953,584 |
2020
Total
funds
£
827,405
421
1,917 |
|
|
|
|
829,743
26,697
106,394
26,406
37,352
32,927
101,405
25,544 |
|
|
|
|
356,725 |
|
|
|
|
473,018
1,491,566 |
|
|
|
|
1,964,584 |
The notes form part of these financial statements
Page 8
ST WERBURGH'S DERBY
BALANCE SHEET 31 DECEMBER 2021
Notes
FIXED ASSETS
Tangible assets
11
CURRENT ASSETS
Debtors
12
Cash at bank
CREDITORS
Amounts falling due within one year
13
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS
14
Unrestricted funds:
General fund
New Building Fund
Restricted funds
TOTAL FUNDS |
Unrestricted
funds
£
808,264
12,013
288,711
300,724
(4,331)
296,393
1,104,657
1,104,657 |
Restricted
funds
£
782,762
1,410
70,556
71,966
(5,801)
66,165
848,927
848,927 |
2021
Total
funds
£
1,591,026
13,423
359,267
372,690
(10,132)
362,558
1,953,584
1,953,584
391,569
713,088
1,104,657
848,927
1,953,584 |
2020
Total
funds
£
895,582
91,006
996,355
1,087,361
(18,359)
1,069,002
1,964,584
1,964,584
664,848
400,000
1,064,848
899,736
1,964,584 |
|
|
|
|
|
The charitablecompanyis entitledto exemptionfrom audit under Section477 of the CompaniesAct 2006 for the year
ended 31 December 2021.
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
31 December 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 9
ST WERBURGH'S DERBY
BALANCE SHEET - continued 31 DECEMBER 2021
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitable companies
subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 7th April 2022
.............................................
P D Mann - Trustee
The notes form part of these financial statements
Page 10
ST WERBURGH'S DERBY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financialstatementsof the charitablecompany,whichis a publicbenefitentityunderFRS 102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities: Statement
ofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicablein the UK and Republicof Ireland(FRS 102) (effective1 January2019)', Financial
ReportingStandard102 'The FinancialReportingStandardapplicablein the UK and Republicof Ireland'and the
Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
Donationsandotherincomearerecognisedwhenreceivedand,anestimateofincometaxrecoverable is
recognised when the related donations are recognised.
Grants and legacies are accountedfor as soon as the churchis notifiedof its legal entitlement,the amount due
is quantifiable and its ultimate receipt is probable.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredin settlement
andtheamountof theobligationcanbe measuredreliably.Expenditureis accountedforonanaccruals basis
andhas been classifiedunderheadingsthataggregateall costrelatedto the category.Wherecostscannot be
directlyattributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwith the
use of resources.
Tangible fixed assets
Depreciationis providedat the followingannualrates in orderto write off each asset over its estimated useful
life.
Freehold property |
- 2% on cost |
Long leasehold |
- 2% on cost |
Improvements to property |
- 10% on cost |
Plant and machinery |
- 20% on cost |
Fixtures and fittings |
- 10% on cost |
Computer equipment |
- 33% on cost |
All capital items are written off in the year of purchase except those costing over £1,500.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.
Pension costs and other post-retirement benefits
Thecharitablecompanyoperatesadefinedcontributionpensionscheme.Contributionspayableto the
charitablecompany'spensionschemearechargedtotheStatementofFinancialActivitiesintheperiod to
which they relate.
continued...
Page 11
ST WERBURGH'S DERBY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
2. DONATIONS AND LEGACIES
Donations
Grants
Loose plate collections
Grants received, included in the above, are as follows:
Diocese and Church Commissioners
Other
Alpha
INVESTMENT INCOME
Interest on investments
CHARITABLE ACTIVITIES COSTS
Capital & upfront costs
Students, youth & children
Alpha & events
Intern program
Mission giving
Worship & services
Love Your Neighbour |
Direct
Costs
£
11,134
89,152
23,648
49,592
61,642
67,257
93,932
396,357 |
2021
£
382,951
105,848
-
488,799
2021
£
101,598
2,000
2,250
105,848
2021
£
76
Support
costs (see
note 5)
£
15,767
31,537
15,769
-
-
42,047
-
105,120 |
2020
£
680,969
143,737
2,699 |
|
|
|
827,405 |
|
|
|
2020
£
131,237
12,500
- |
|
|
|
143,737 |
|
|
|
2020
£
421
Totals
£
26,901
120,689
39,417
49,592
61,642
109,304
93,932 |
|
|
|
501,477 |
3. INVESTMENT INCOME
4. CHARITABLE ACTIVITIES COSTS
Overheadshavebeenallocatedtoactivitiesbasedontheestimatedtimeandresourcesspentonthe area
concerned throughout the period concerned. These allocations are estimated as follows:
|
2021 |
2020 |
Capital & Upfront costs |
15.00% |
15.00% |
Students, Youth & Children |
30.00% |
30.00% |
Alpha & Events |
15.00% |
15.00% |
Worship & Services |
40.00% |
40.00% |
|
-------------------- |
-------------------- |
|
100.00% |
100.00% |
continued...
Page 12
ST WERBURGH'S DERBY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
5.
SUPPORT COSTS
SUPPORT COSTS |
|
Buildings
Governance
Management & maintenance
costs
£
£
£
Capital & upfront costs
10,001
4,794
972
Students, youth & children
20,002
9,588
1,947
Alpha & events
10,001
4,794
974
Worship & services
26,668
12,783
2,596
66,672
31,959
6,489 |
Totals
£
15,767
31,537
15,769
42,047 |
|
105,120 |
6. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
|
2021 |
2020 |
|
£ |
£ |
Depreciation - owned assets |
65,397 |
46,924 |
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees'remunerationor other benefitsfor the year ended 31 December 2021 nor for the year
ended 31 December 2020.
Trustees' expenses
Therewerenotrustees'expensespaidfortheyearended31December2021norfortheyear ended
31 December 2020.
8. STAFF COSTS
Wages and salaries
Social security costs
Other pension costs |
2021
£
155,960
7,706
21,577
185,243 |
2020
£
128,901
5,857
14,127 |
|
|
148,885 |
The average monthly number of employees during the year was as follows:
No employees received emoluments in excess of £60,000.
continued...
Page 13
ST WERBURGH'S DERBY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
9.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
INCOME AND ENDOWMENTS FROM
Donations and legacies
Investment income
Other income
Total
EXPENDITURE ON
Charitable activities
Capital & upfront costs
Students, youth & children
Alpha & events
Intern program
Mission giving
Worship & services
Love Your Neighbour
Total
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD |
Unrestricted
funds
£
603,401
421
1,917
605,739
10,972
61,725
11,933
8,604
32,927
31,299
-
157,460
448,279
616,571
1,064,850 |
Restricted
funds
£
224,004
-
-
224,004
15,725
44,669
14,473
28,748
-
70,106
25,544
199,265
24,739
874,995
899,734 |
Total
funds
£
827,405
421
1,917 |
|
|
|
829,743
26,697
106,394
26,406
37,352
32,927
101,405
25,544 |
|
|
|
356,725 |
|
|
|
473,018
1,491,566 |
|
|
|
1,964,584 |
10. INDEPENDENT EXAMINER'S REMUNERATION
Theindependentexaminersremunerationamountstoanindependentexaminationfeeof£3,000 (2020:
£2,708) and other fees of £1,860 (2020: £nil).
continued...
Page 14
ST WERBURGH'S DERBY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
11. TANGIBLE FIXED ASSETS
COST
At 1 January 2021
Additions
At 31 December 2021
DEPRECIATION
At 1 January 2021
Charge for year
At 31 December 2021
NET BOOK VALUE
At 31 December 2021
At 31 December 2020
COST
At 1 January 2021
Additions
At 31 December 2021
DEPRECIATION
At 1 January 2021
Charge for year
At 31 December 2021
NET BOOK VALUE
At 31 December 2021
At 31 December 2020 |
Plant and
machinery
£
59,869
-
59,869
36,573
11,974
48,547
11,322
23,296 |
Freehold
property
£
-
683,748
683,748
-
4,558
4,558
679,190
-
Fixtures
and
fittings
£
98,224
-
98,224
27,327
9,822
37,149
61,075
70,897 |
Long
leasehold
£
715,140
-
715,140
26,926
13,462
40,388
674,752
688,214
Computer
equipment
£
24,607
13,300
37,907
1,649
11,091
12,740
25,167
22,958 |
Improveme
to
property
£
115,739
63,793
179,532
25,522
14,490
40,012
139,520
90,217
Totals
£
1,013,579
760,841
1,774,420
117,997
65,397
183,394
1,591,026
895,582 |
|
|
|
|
|
continued...
Page 15
ST WERBURGH'S DERBY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
Prepayments and accrued income
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Other creditors
Pensions control
Accruals and deferred income |
2021
£
-
13,423
13,423
2021
£
3,020
-
1,186
5,926
10,132 |
2020
£
979
90,027 |
|
|
91,006 |
|
|
2020
£
1,621
13,699
-
3,039 |
|
|
18,359 |
13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
14.MOVEMENT IN FUNDS
Unrestricted funds
General fund
New Building Fund
Restricted funds
Diocesan Grants: Interns
SDF Family Missioner
SDF Other Costs Non-Capital
SDF Refurbishment Non-Capital
SDF Staffing Operations Manager
SDF Staffing Worship and Student Pastor
SDF Refurbishment Capital
SDF Building Grant
Building Fund
Love Your Neighbour
TOTAL FUNDS |
At 1.1.21
£
664,848
400,000
1,064,848
(13,699)
278
23,317
54
2,850
8,953
164,463
368,600
277,697
67,223
899,736
1,964,584 |
Net
movement
in funds
£
(59,036)
98,845
39,809
22,676
(278)
(611)
5,266
(2,850)
(8,953)
(6,923)
(6,950)
(5,785)
(46,401)
(50,809)
(11,000) |
Transfers
between
funds
£
(214,243)
214,243
-
-
-
-
-
-
-
-
-
-
-
-
- |
At
31.12.21
£
391,569
713,088 |
|
|
|
|
1,104,657
8,977
-
22,706
5,320
-
-
157,540
361,650
271,912
20,822 |
|
|
|
|
848,927 |
|
|
|
|
1,953,584 |
continued...
Page 16
ST WERBURGH'S DERBY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
14. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
New Building Fund
Restricted funds
Diocesan Grants: Interns
SDF Family Missioner
SDF Other Costs Non-Capital
SDF Refurbishment Non-Capital
SDF Staffing Operations Manager
SDF Staffing Worship and Student Pastor
SDF Refurbishment Capital
SDF Building Grant
Building Fund
Love Your Neighbour
TOTAL FUNDS |
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
234,735
(293,771)
(59,036)
106,615
(7,770)
98,845
341,350
(301,541)
39,809
44,106
(21,430)
22,676
-
(278)
(278)
26,116
(26,727)
(611)
5,355
(89)
5,266
-
(2,850)
(2,850)
-
(8,953)
(8,953)
26,019
(32,942)
(6,923)
-
(6,950)
(6,950)
-
(5,785)
(5,785)
47,531
(93,932)
(46,401)
149,127
(199,936)
(50,809)
490,477
(501,477)
(11,000) |
|
|
continued...
Page 17
ST WERBURGH'S DERBY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
14. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
Unrestricted funds
General fund
New Building Fund
Tech Equipment Fund
Restricted funds
Diocesan Grants: Interns
SDF Family Missioner
SDF Other Costs Non-Capital
SDF Refurbishment Non-Capital
SDF Staffing Operations Manager
SDF Staffing Worship and Student Pastor
SDF Refurbishment Capital
SDF Building Grant
Building Fund
Love Your Neighbour
TOTAL FUNDS |
At 1.1.20
£
191,571
400,000
25,000
616,571
10,124
661
13,820
-
3,371
4,865
183,121
375,550
283,483
-
874,995
1,491,566 |
Net
movement
in funds
£
448,277
-
-
448,277
(23,823)
(383)
9,497
54
(521)
4,088
(18,658)
(6,950)
(5,786)
67,223
24,741
473,018 |
Transfers
between
funds
£
25,000
-
(25,000)
-
-
-
-
-
-
-
-
-
-
-
-
- |
At
31.12.20
£
664,848
400,000
-
1,064,848
(13,699)
278
23,317
54
2,850
8,953
164,463
368,600
277,697
67,223
899,736
1,964,584 |
|
|
|
|
|
continued...
Page 18
ST WERBURGH'S DERBY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
14. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Diocesan Grants: Interns
SDF Family Missioner
SDF Other Costs Non-Capital
SDF Refurbishment Non-Capital
SDF Staffing Operations Manager
SDF Staffing Worship and Student Pastor
SDF Refurbishment Capital
SDF Building Grant
Building Fund
Love Your Neighbour
TOTAL FUNDS |
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
605,739
(157,462)
448,277
4,925
(28,748)
(23,823)
14,775
(15,158)
(383)
30,041
(20,544)
9,497
641
(587)
54
35,600
(36,121)
(521)
35,601
(31,513)
4,088
9,654
(28,312)
(18,658)
-
(6,950)
(6,950)
-
(5,786)
(5,786)
92,767
(25,544)
67,223
224,004
(199,263)
24,741
829,743
(356,725)
473,018 |
|
|
Unrestricted funds
Thenewbuildingfundreflectsmonieswhichhavebeendesignatedbythetrusteeswiththepurpose of
financing the new premises at 11-12 Friar Gate.
Restricted funds
StrategicDevelopmentFunds (SDF) representfunds received from the ChurchCommissionersin relationto the
purchase, improvement and development of the church.
TotalfundingbidshavebeenmadetotheChurchCommissionersof £1,257,274andtheamountdrawn down
at the end of 2021 is £1,193,848 reflecting the costs incurred and covered by these grants to the end of 2021.
Thebuildingfund(non-SDF)reflectsmoniesraisedwithinthecongregationandfromelsewheretowards the
purchase of the church building.
Love Your Neighbouris a governmentmatched fundingfund for the provisionof a pandemicresponseto those
in need of food or employment.
continued...
Page 19
ST WERBURGH'S DERBY
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021
15. EMPLOYEE BENEFIT OBLIGATIONS
The charityparticipatesin the PensionBuilderScheme sectionof ChurchWorkersPensionFund(CWPF) for lay
staff.CWPF is administeredby the Churchof EnglandPensionsBoard,whichholdsthe CWPF assets separately
from those of the Employer and other participating employers.
Thescheme(PensionBuilder2014)is a definedbenefitcashbalanceschemethatprovidesa lumpsum which
membersusetoprovidebenefitsatretirement.Pensioncontributionsarerecordedinanaccountfor each
member.Discretionarybonusesmay be addedbeforeretirement,dependingon investmentreturnsand other
factors. The account, plus any bonuses declared is payable, unreduced, from age 65.
There is no sub-division of assets between employers in each section of the Pension Builder Scheme.
Theschemeisconsideredtobeamulti-employerschemeasdescribedinSection28ofFRS102.This is
becauseitis notpossibletoattributethePensionBuilderScheme'sassetsandliabilitiestospecific employers
andmeansthatcontributionsareaccountedforasiftheSchemewereadefinedcontributionscheme. The
pensions costs charged to the SoFA in the year are the contributions payable (2021: £21,577, 2020: £14,127).
A valuationof the Pension BuilderScheme is carriedout once every three years. The most recent valuation was
carried out as at 31 December 2019. The next valuation is due as at 31 December 2022.
ForthePensionBuilder2014section,thevaluationrevealedasurplusof£5.5montheongoing assumptions
used. There is no requirement for deficit payments at the current time.
Thelegalstructureof theschemeis suchthatif anotheremployerfails,thecharitycouldbecome responsible
for paying a share of the failed employer's pension liabilities.
16. CAPITAL COMMITMENTS
CAPITAL COMMITMENTS |
|
|
|
|
2021 |
2020 |
|
|
£ |
£ |
|
Contracted but not provided for in the financial statements |
40,410 |
|
- |
17. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2021.
Page 20
ST WERBURGH'S DERBY
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
INCOME AND ENDOWMENTS
Donations and legacies
Donations
Grants
Loose plate collections
Investment income
Interest on investments
Other income
Fundraising income
Total incoming resources
EXPENDITURE
Charitable activities
Wages
Social security
Pensions
Delivery costs
Support costs
Management
Wages
Management costs
Buildings & maintenance
Buildings & maintenance
Governance costs
Sundries
Accountancy fees
Total resources expended
Net (expenditure)/income |
2021
£
382,951
105,848
-
488,799
76
1,602
490,477
118,747
7,706
21,577
248,327
396,357
37,213
29,459
66,672
31,959
979
5,510
6,489
501,477
(11,000) |
2020
£
680,969
143,737
2,699 |
|
|
827,405
421
1,917 |
|
|
829,743
92,780
5,857
14,127
146,137 |
|
|
258,901
36,121
29,236 |
|
|
65,357
29,527
882
2,058 |
|
|
2,940 |
|
|
356,725 |
|
|
473,018 |
This page does not form part of the statutory financial statements
Page 21