```
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
```
- `(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 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
```