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2022-12-31-accounts

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 2022

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 2022

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
Cash Flow Statement 11
Notes to the Cash Flow Statement 12
Notes to the Financial Statements 13 to 22
Detailed Statement of Financial Activities 23 
ST WERBURGH'S DERBY

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2022

TRUSTEES E D L Bateman (resigned 24.4.23)
S L Crathorne
D J Dark (resigned 24.4.23)
L J Gwilt
V Lewis
P D Mann
C McCrone
L C Mildenhall-Clarke (resigned 24.4.23)
B T Sams
C J Simpson (resigned 24.4.23)
M J Stillwell (resigned 28.3.22)
A S Ramsay (appointed 28.3.22)
A M Savage (appointed 24.4.23)
A L Peters (appointed 24.4.23)
G Towers (appointed 24.4.23)
G Strange (appointed 24.4.23)
REGISTERED OFFICE St Werburgh's Church
Friar Gate
Derby
DE1 1BU
REGISTERED COMPANY NUMBER 10743504 (England and Wales)
REGISTERED CHARITY NUMBER 1175502
INDEPENDENT EXAMINER Sibbalds Limited
Chartered Accountants and Business Advisers
Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS
PRINCIPAL BANKERS The Cooperative Bank
PO Box 250
Skelmersdale
WN8 6WT 
Page 1

ST WERBURGH'S DERBY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022

ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheir report
withthefinancialstatementsofthecharityfortheyearended31December2022.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
aims to meet its objectives through the provision of church services, courses, and planting churches. 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 2022

ACHIEVEMENT AND PERFORMANCE

Charitable activities

2022felt muchmore likea normalyearas we were backto ourfullprogrammeof activities- SundayServices, Alpha,
Kids-,Youth-andStudentwork.Varioussocialeventstookplaceandourabilitytoofferhospitalitytoour members
was restored.

Worktoimprovethechurchandthechurchyardcontinuedwiththeadditionof11&12FriarGatetothe renovation
work.

OurLoveYourNeighbourandSTWCoachingprojectcametoanendbutwecontinuedtobuildrelationships with
organisationsaroundthe cityincludingDerbyCityVision,DerbyCItyMission,DerbyFoodfor ThoughtAlliance, Derby
Youth Alliance, Community Action Derby and the Derby City Council.

AGM/Werbs Church Council

Our Werb's ChurchCouncilhave continuedto meet monthlyaside from April, August and December. Our AGM in  April
2022 was well attended and we re-elected 2 of our Trustees and took on a new member.

Building Work

Theplansfor2022cametofruitionwiththeinstallationofanewsounddeskandnewdoorstoimprove security.
Blockpavingwas laidto the side entranceof churchto improvedisabledaccess andwe installedsome ceiling screens
to hide the ductingunder the upstairsrooms. We also installedsome new TV screens in the side rooms and some  new
stagelighting.Plansfor2023includesomewiringandadditionalpowersocketsonthepillarswhichshouldfinish off
the church renovation.

Churchyard Renovation

Ahugeamountofworkwasdoneontherenovationprojectduring2022,includingthelayingofaturflawnand a
significantsectionoftheplannedpathways.Workwillcontinueinto2022withthefinishingofthepatioareas and
adjoining pathways as well as the prayer space.

Werb's Central

Phases 1-3 of the refurbishmentof 11-12 Friar Gate were completedin June 2022 with staff able to move in and begin
usingthe office space in July. Our youthnow have theirown space for Sundaymorningsand due to the growthof  our
kids work they are now also using it for the older age group.

Wehavebeenabletosupporttwolocalorganisations-LittleWondersandTOGS-byprovidingthemwith some
storagespaceandanoperatinglocationfortheiractivities.Bothdealwithchildren'sclothingandsupporting people
who are unable to afford clothing themselves.

InNovember2022we hada kitchenetteinstalled,whichenabledus toopenas a WarmWelcomeinDecember 2022
with a volunteer Warm Welcome Manager.

Staffing

In2022we werejoinedbya newcuratefundedbytheDioceseofDerby.Ourpart-timeStudentPastorwas selected
for ordinationtrainingandendedhis rolebutstayedwithus as ordinand.We appointeda volunteerWarm Welcome
Manager and two volunteer Ministry Assistants. Our lead minister was also able to enjoy a 3 month sabbatical.

Church Plant - Mackworth

Our2020churchplantto St FrancisMackworthcontinuedto growduring2022to becomea worshipping community
of60 under18sand120adults.Theyhavehelda numberof communityactivitiesincludingregularfootballnights, a
quiznightandplantsale.StWerburgh'swereabletofacilitateover40membersoftheircongregationattending the
annualchurchholidayby helpingwith cateringand we continueto buildon the ways we supporteach other and work
together.

Love Your Neighbour/STW Coaching

Our Love Your Neighbourand STW Coachingprojectcame to an end in 2022. The team had a huge impact on  different
clients they worked with other the project.

Page 3

ST WERBURGH'S DERBY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022

OurconnectionswithDerbyCityMissionandDerbyFoodforThoughtAlliance(DF4TA)continuedwiththe expansion
ofourLoveChristmasCampaign.DF4TAdelivered2097foodparcelsandDCMgaveout889ChristmasGifts with
support from a grant we were successful in applying for.

Additionallyas partof thiscampaign,we had7000Christmasgiftlettersdeliveredto bothMackworthEstateand the
City Centre are around St Werburgh's.

Sunday Services

Our SundayServicesreturnedto somethinglike normalin 2022 with over 300 peopleengagingwith our services each
week - either in person or online.

AtStWerburgh'swewantchurchtobehomeforeveryonewhocomesthroughourdoors.Throughout2022, the
WelcomeandHospitalityTeamshavecontinuedtoofferawarmwelcome,hotcoffee,andafriendlyfaceat every
Sundaygathering.TheConnectCornerisalsobecomingagreatspaceforpeopletofindoutabouthowto connect
intothelifeofWerbs,andwidercommunityeventsandorganisations.We'vealsorantwo"newcomerlunches" in
2022 with over 80 new people attending these events.

Children

Thenumberofchildrenattendingourchurchhascontinuedtogrowin2022withushavingtomoveouroldest age
grouptoWerb'sCentralinordertomakespaceforalarger2-4agegroup.Wewereabletocreateacreche room
where parents can take their under 2s and still watch the service via a live-streamed.

AtEasterwecreatedanall-age'StationsoftheCross'Eastertrailaroundourbuilding.Lotsoftheactivities were
interactiveand aimed to get childrenand adultsthinkingaboutJesus' last moments.It was very well attendedand we
did provide refreshments which gave us an opportunity to chat to many who came along.

Wewereabletocreate2activitypackstobedonebyfamiliesathomein2022-oneforLentandonefor Advent.
These were well received by members of the congregation.

The children'steam ran a number of outreachevents which were well attendedincludinga Pancakeparty at St  Francis
Mackworth, a Light Party, Advent Party and a morning of Summer Squad holiday fun.
Toddler Group restarted in 2022. It ran for 3 terms: Term 1 (Jan-Apr) Term 2 (Apr-Jul)

Term 3 with ALPHA (Sept-Dec).The Alphagroupran reallywell and althoughmany were Christianswe did have 1  who
hadnofaithandwasexploring.We wereabletogiftthemwitha bibleintheirnativelanguagewhichtheysaid they
were incredibly touched by, and we had changed their perception of church.

Youth

Youthwork has continuedto grow througha combinationof weekly youthsessions,dropin groupsand schools work.
We have a core team of leaderswho have developedtheirskillsand experienceover the last year.In the summer, we
tookanumberofyoungpeopletoaChristianfestivalandintheautumn,weranawell-attendedyouth weekend
away.Theyouthgroupcontinuestoattractawiderangeofyoungpeople,includingthosewithno church
background,agrowingnumberofyoungpeoplewithadditionalneedsandanumberofyoungpeoplewho are
refugees.The youthgroupuses boththe main churchbuildingand our new buildingto providea welcomingspace. In
ournewbuildingwe runa monthly'youthservice'whichis ledbyyoungpeople,growingtheirconfidenceand faith.
Wehavealsobegunworkingwithalocalschooltoprovideextracurriculargroupstoallowstudentsto explore
Christianity.

Students

2022sawarestructureofhowstudentministryworks.Webuiltupanewstudentteamwhichincludes2non staff
volunteers,oneministryassistantwhohelpedoutoftheirownvolunteertimeandoneministryassistantwith a
specific student focus as their role. They were overseen by a one of our curates.

InSeptember,welcomepacksweregivennotonlytostudentswhoattendWerb'sbutalsotostudentsatDerby Uni
who don't.The idea being that a studentkeeps one and gives away anotherto bless them. These containedcards with
messages from the congregation.

Weattendeda"trychurch"eventrunbytheChristianUnionalongwithotherchurchesandhadlotsof great
conversations and many students joined us as a result.

Page 4

ST WERBURGH'S DERBY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022

DuringthewintertermwebuiltcommunitybymeetingfordinnerandchatforanhouronTuesdaysfollowedby a
time of sung worship, teaching and prayer.

InadditionwegatheredaftertheeveningserviceonSundaystobuildrelationshipsandhavefunortalkabout life's
bigquestionsandtheBible.AccordingtotheAutumnSurveyaround50studentsattendWerb'sregularlyin some
capacity.

Alpha

Alphaisaten-weekcourseandgivesguestsanopportunitytoexplorequestionsoffaithandthemeaningoflife. In
2022we ranAlphain personon Tuesdayeveningsin boththe SpringandAutumnTerm. In the SpringTerm we had a
FarsispeakinggroupandintheAutumnwe hadaBSLinterpreter,whichenabledustohaveaBSLdiscussion group.
Also in the Autumnwe runa day time Alphacoursefor ourtoddlerparents.Throughout2022 we hadthe privilege of
welcomingpeopleontotheAlphacoursewhowouldn'tnormallygotochurch.AsIlookbackovertheyearI am
amazed again at the way that God used the Alpha course to open people's hearts to Him.

Werb's Groups

In October2022, we launchedWerbs Communities(previouslyknown as Werbs groups).Werb's Communitiesare the
heartbeatofSTWDerby.Throughouttheweek,weliveincommunitywhereweeat,pray,andsharelife together.
Werb'sCommunitiesarebasedprimarily(notexclusively)ongeographicallocations(North,South,East,West and
"Central" parts of the city.

Sincetheirlaunch,over200peoplehavejoinedaWerbsCommunityacrosstheCity.Thishasbeenan incredibly
exciting beginning to how we live out our vision to build an authentic community that is Christ-centred.

Prayer

We have continuedto pray every day on zoom at 7am. A faithfuland beautifulcommunityhas formed who are  deeply
committedtoprayingandseekingGodforourchurch,cityandnation.We alsohelda two-weekprayerroomat the
startoftheSeptembertermasawayofhelpingusengagewithprayerandmakespaceinourbuildingand diaries.
This then flowed into a sermon series on prayer to help us furtherengage and take us deeper. We have also continued
toconnectwithCityVisioneventsandhavejoinedwiththemonthlyprayermeetingsforleadersandfor the
cost-of-living crisis.

FINANCIAL REVIEW

Financial position

At theendof thereportingperiod,thecharityhadtotalfundsof £2,034,021.Restrictedfundstotalled£815,223 and
unrestrictedfundstotalled£1,218,798.Ofthe£1,218,798unrestrictedfunds,£896,202weredesignatedtothe new
buildingfund(representingthenetbookvalueofthenewbuildingandimprovementworks)andthe remaining
£322,596 were general unrestricted funds.

IntheyeartotheendofDecember2022,thecharityreceivedatotalof£587,279againstexpenditureon charitable
activitiesof £506,842.Expenditureon the purchaseof fixedassetstotalled£297,904.Restrictedfundsreceivedin the
periodtotalled£99,942,thesewerereceivedfromtheDioceseandChurchCommissionersforoperatingcosts and
building re-ordering, the Church Revitalisation Trust for building improvements and also Love Your Neighbour.

Overthelastfiveyears,thecharityhasreceived£1,257,274offundingfromtheChurchCommissioners,and this
fundingendedduringthe lastfinancialyear.Budgets,forecasts,andreservesare in placeto supportthe transition to
self-sufficiency in the coming years.

Reserves policy

TheDirectorsaimtoholdfreereserves(i.e.unrestrictedfundslessfixedassets)equaltoapproximately3months of
expenditureascontingencyforunexpectedevents.Attheendof2022thebalanceoffreereservescameto £240k,
which is sufficient to comply with the reserves policy.

Additional reserves held as designated are detailed in the notes to the financial statements.

Page 5

ST WERBURGH'S DERBY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022

FUTURE PLANS

TheCharityplansoncontinuingtheactivitiesoutlinedaboveintheforthcomingyearssubjecttosatisfactory funding
arrangements.

In 2023we willbe plantingoursecondchurchintooneof thesuburbsof Derbyas wellas buildingrelationships with
an international mission organisation. We continue to seek growth amongst our children, young people and students.
We willbe workingon plansto increasethe use of Werb'sCentralas a WarmWelcomeforallandlookingat ways to
generate income from the hiring of the church.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

StWerburgh'sDerbyisaCharitableIncorporatedOrganisationregisteredintheUKwithTheCharityCommission of
EnglandandWales(registerednumber:1175502).StWerburgh'sDerbyisgovernedbyMemorandumandArticles of
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.

Risk management

Thetrusteeshaveadutytoidentifyandreviewtheriskstowhichthecharityisexposedandtoensure appropriate
controls are in place to provide reasonable assurance against fraud and error.

SAFEGUARDING

TheTrusteeshaveadoptedtheChurchofEngland'ssafeguardingpolicyrelatingtochildren,youngpeople and
vulnerablepeopleandappointedAlexDannastheParishSafeguardingLink.AlexDannhascompletedthe Diocese's
training courses in safeguarding young people and vulnerable adults.

TheDirectorsarecommittedtotheprinciplesof bestpracticeinrelationtosafeguardingandcomplieswiththe duty
undersection5 oftheSafeguardingandClergyDisciplineMeasure2016inrespectofhavingdueregardtoHouse of
Bishops'guidanceonsafeguardingchildrenandvulnerableadults.Theguidancecanbe readinfullontheChurch of
England official website.

Use oftheParishSafeguardingDashboardtoauditoursafeguardingpracticesis ongoing.Thishelpsustoreview our
policiesandproceduresandensuresthatourstaffandvolunteershavethecorrectleveloftrainingaccordingto the
Church of England guidelines.

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 30 April 2023 and signed on its behalf by:

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 2022.

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
thatIamqualifiedtoundertaketheexaminationbecauseIamamemberoftheAssociationofChartered Certified
Accountants, 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 ACA BFP CTA

Sibbalds Limited
Chartered Accountants and Business Advisers
Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS

30 April 2023

Page 7

ST WERBURGH'S DERBY

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2022

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
Common Fund - Parish Share
Total
NET INCOME/(EXPENDITURE)
Transfers between funds
14
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
486,547
354
436
487,337
10,390
167,441
35,972
-
10,428
121,816
-
52,000
398,047
89,290
24,852
114,142
1,104,657
1,218,799		 Restricted
funds
£
99,942
-
-
99,942
20,922
20,718
10,359
-
-
27,625
29,171
-
108,795
(8,853)
(24,852)
(33,705)
848,927
815,222		 2022
Total
funds
£
586,489
354
436
587,279
31,312
188,159
46,331
-
10,428
149,441
29,171
52,000
506,842
80,437
-
80,437
1,953,584
2,034,021		 2021
Total
funds
£
488,799
76
1,602
490,477
26,901
120,689
39,417
49,592
38,142
109,304
93,932
23,500
501,477
(11,000)
-
(11,000)
1,964,584
1,953,584		 
The notes form part of these financial statements

Page 8

ST WERBURGH'S DERBY

BALANCE SHEET 31 DECEMBER 2022

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
£
979,072
16,857
243,805
260,662
(20,936)
239,726
1,218,798
1,218,798		 Restricted
funds
£
812,291
1,125
10,307
11,432
(8,500)
2,932
815,223
815,223		 2022
Total
funds
£
1,791,363
17,982
254,112
272,094
(29,436)
242,658
2,034,021
2,034,021
322,596
896,202
1,218,798
815,223
2,034,021		 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		 
The charitablecompanyis entitledto exemptionfrom audit under Section477 of the CompaniesAct 2006 for the year
ended 31 December 2022.

Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 9

ST WERBURGH'S DERBY

BALANCE SHEET - continued 31 DECEMBER 2022

Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitable companies
subject to the small companies regime.

The financialstatementswere approvedby the Boardof Trusteesandauthorisedfor issueon 30 April2023and were
signed on its behalf by:

P D Mann - Trustee

The notes form part of these financial statements

Page 10

ST WERBURGH'S DERBY

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2022

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Interest received
Net cash used in investing activities
Change in cash and cash equivalents in the
reporting period
Cash and cash equivalents at the beginning
of the reporting period
Cash and cash equivalents at the end of
the reporting period		 2022
£
192,395
192,395
(297,904)
354
(297,550)
(105,155)
359,267
254,112		 2021
£
123,829
123,829
(760,841)
(76)
(760,917)
(637,088)
996,355
359,267		 
The notes form part of these financial statements

Page 11

ST WERBURGH'S DERBY

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2022

1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income/(expenditure) for the reporting period (as per the
Statement of Financial Activities)
Adjustments for:
Depreciation charges
Interest received
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Net cash provided by operations		 2022
£
80,437
97,567
(354)
(4,559)
19,304
192,395		 2021
£
(11,000)
65,397
76
77,583
(8,227)
123,829

2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.22 Cash flow At 31.12.22
£ £ £
Net cash
Cash at bank 359,267 (105,155) 254,112
359,267 (105,155) 254,112
Total 359,267 (105,155) 254,112 
The notes form part of these financial statements

Page 12

ST WERBURGH'S DERBY

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

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 13

ST WERBURGH'S DERBY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022

2. DONATIONS AND LEGACIES

Donations
Grants
Grants received, included in the above, are as follows:
Diocese and Church Commissioners
Other
Alpha
Church Revitalisation Trust
INVESTMENT INCOME
Interest on investments
CHARITABLE ACTIVITIES COSTS
Capital & upfront costs
Students, youth & children
Alpha & events
Mission giving
Worship & services
Love Your Neighbour
Common Fund - Parish Share		 Direct
Costs
£
10,515
146,565
25,533
10,428
93,981
29,171
52,000
368,193		 2022
£
483,432
103,057
586,489
2022
£
63,457
5,650
-
33,950
103,057
2022
£
354
Support
costs (see
note 5)
£
20,797
41,594
20,798
-
55,460
-
-
138,649		 2021
£
382,951
105,848
488,799
2021
£
101,598
2,000
2,250
-
105,848
2021
£
76
Totals
£
31,312
188,159
46,331
10,428
149,441
29,171
52,000
506,842

3. INVESTMENT INCOME

4. CHARITABLE ACTIVITIES COSTS

Overheadshavebeenallocatedtoactivitiesbasedontheestimatedtimeandresourcesspentonthe area
concerned throughout the period concerned. These allocations are estimated as follows:
2022 2021
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 14

ST WERBURGH'S DERBY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022

5. SUPPORT COSTS

SUPPORT COSTS
Buildings
Governance
Management & maintenance
costs
£
£
£
Capital & upfront costs
8,042
12,053
702
Students, youth & children
16,083
24,107
1,404
Alpha & events
8,042
12,054
702
Worship & services
21,445
32,143
1,872
53,612
80,357
4,680		 Totals
£
20,797
41,594
20,798
55,460
138,649

6. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):
2022 2021
£ £
Depreciation - owned assets 97,567 65,397

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees'remunerationor other benefitsfor the year ended 31 December 2022 nor for the year
ended 31 December 2021.

Trustees' expenses

Duringtheyear,expenseswererepaidtothreetrusteestotalling£1,304(2021:£2,479).Thesewere direct
reimbursements of charity costs.

De facto trustees

Duringtheyear,expenseswererepaidtotwodefactotrusteestotalling£3,285(2021:£560).These were
direct reimbursements of charity costs.

8. STAFF COSTS

STAFF COSTS
Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:		 2022
£
147,855
13,372
18,269
179,496		 2021
£
155,960
7,706
21,577
185,243
2022 2021
Employees 7 8 
No employees received emoluments in excess of £60,000.

continued...

Page 15

ST WERBURGH'S DERBY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022

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
Common Fund - Parish Share
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
38,142
69,817
-
23,500
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		 Total
funds
£
488,799
76
1,602
490,477
26,901
120,689
39,417
49,592
38,142
109,304
93,932
23,500
501,477
(11,000)
1,964,584
1,953,584

10. INDEPENDENT EXAMINER'S REMUNERATION

Theindependentexaminersremunerationamountstoanindependentexaminationfeeof£3,120 (2021:
£3,000) and other fees of £1,560 (2021: £1,860).

continued...

Page 16

ST WERBURGH'S DERBY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022

11. TANGIBLE FIXED ASSETS

COST
At 1 January 2022
Additions
At 31 December 2022
DEPRECIATION
At 1 January 2022
Charge for year
At 31 December 2022
NET BOOK VALUE
At 31 December 2022
At 31 December 2021
COST
At 1 January 2022
Additions
At 31 December 2022
DEPRECIATION
At 1 January 2022
Charge for year
At 31 December 2022
NET BOOK VALUE
At 31 December 2022
At 31 December 2021		 Plant and
machinery
£
59,869
-
59,869
48,547
10,166
58,713
1,156
11,322		 Freehold
property
£
683,748
-
683,748
4,558
13,675
18,233
665,515
679,190
Fixtures
and
fittings
£
98,224
3,771
101,995
37,149
10,046
47,195
54,800
61,075		 Long
leasehold
£
715,140
-
715,140
40,388
13,463
53,851
661,289
674,752
Computer
equipment
£
37,907
21,204
59,111
12,740
15,834
28,574
30,537
25,167		 Improveme
to
property
£
179,532
272,929
452,461
40,012
34,383
74,395
378,066
139,520
Totals
£
1,774,420
297,904
2,072,324
183,394
97,567
280,961
1,791,363
1,591,026		 
continued...

Page 17

ST WERBURGH'S DERBY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Pensions control
Prepayments and accrued income
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Pensions control
Accruals and deferred income		 2022
£
624
17,358
17,982
2022
£
20,471
220
-
8,745
29,436		 2021
£
-
13,423
13,423
2021
£
3,020
-
1,186
5,926
10,132

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 Other Costs Non-Capital
SDF Refurbishment Non-Capital
SDF Refurbishment Capital
SDF Building Grant
Building Fund
Love Your Neighbour
CRT New Building Improvements
Warm Welcome
TOTAL FUNDS		 At 1.1.22
£
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		 Net
movement
in funds
£
(104,048)
193,337
89,289
-
(20,996)
18,768
355
(6,950)
(5,785)
(19,645)
23,646
1,755
(8,852)
80,437		 Transfers
between
funds
£
35,075
(10,223)
24,852
(8,977)
-
(810)
(15,065)
-
-
-
-
-
(24,852)
-		 At
31.12.22
£
322,596
896,202
1,218,798
-
1,710
23,278
142,830
354,700
266,127
1,177
23,646
1,755
815,223
2,034,021 
continued...

Page 18

ST WERBURGH'S DERBY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022

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
SDF Other Costs Non-Capital
SDF Refurbishment Non-Capital
SDF Refurbishment Capital
SDF Building Grant
Building Fund
Love Your Neighbour
CRT New Building Improvements
Warm Welcome
TOTAL FUNDS		 Incoming
Resources
Movement
resources
expended
in funds
£
£
£
263,200
(367,248)
(104,048)
224,137
(30,800)
193,337
487,337
(398,048)
89,289
7,106
(28,102)
(20,996)
20,120
(1,352)
18,768
36,230
(35,875)
355
-
(6,950)
(6,950)
-
(5,785)
(5,785)
9,526
(29,171)
(19,645)
25,000
(1,354)
23,646
1,960
(205)
1,755
99,942
(108,794)
(8,852)
587,279
(506,842)
80,437		 
continued...

Page 19

ST WERBURGH'S DERBY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022

14. MOVEMENT IN FUNDS - continued

Comparatives for 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 20

ST WERBURGH'S DERBY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022

14. MOVEMENT IN FUNDS - continued

Comparative 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)

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.

Totalfundingbidshave been made to the ChurchCommissionersof £1,257,274andthese amountswere fully
drawn down as at 31 December 2022, reflecting the costs incurred and covered by these grants.

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 21

ST WERBURGH'S DERBY

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

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 (2022: £18,269, 2021: £21,577).

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
2022 2021
£ £
Contracted but not provided for in the financial statements - 40,410

17. RELATED PARTY DISCLOSURES

Duringtheyear,thecompanyenteredintotransactionswithRDXPro-Audio,atradingnameofSimon Lewis
whoisadefactoTrustee.Purchasesof£23,931(2021:£16,690)weremadeduringtheyearandthe balance
outstanding at the year end was £8,590 (2021: £Nil).

Page 22

ST WERBURGH'S DERBY

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Grants
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 income/(expenditure)		 2022
£
483,432
103,057
586,489
354
436
587,279
107,250
13,372
18,269
229,302
368,193
40,605
13,007
53,612
80,357
-
4,680
4,680
506,842
80,437		 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)		 
This page does not form part of the statutory financial statements

Page 23