```
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 2023
```
## **`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 2023`**
||**`Page`**|
|---|---|
|**`Reference and Administrative Details`**|`1`|
|**`Report of the Trustees`**|`2 to 7`|
|**`Independent Examiner's Report`**|`8`|
|**`Statement of Financial Activities`**|`9`|
|**`Balance Sheet`**|`10 to 11`|
|**`Cash Flow Statement`**|`12`|
|**`Notes to the Cash Flow Statement`**|`13`|
|**`Notes to the Financial Statements`**|`14 to 24`|
|**`Detailed Statement of Financial Activities`**|`25`|
```
ST WERBURGH'S DERBY
```
## **`REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2023`**
|**`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)`|
||`A S Ramsay`|
||`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)`|
||`L F King (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 2023`**
```
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheir report
withthefinancialstatementsofthecharityfortheyearended31December2023.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 2023`**
## **`ACHIEVEMENT AND PERFORMANCE`**
## **`Charitable activities`**
```
In2023wecontinuedtoserveourcommunitybyofferingafullprogrammeofactivities-SundayServices, Alpha,
Kids-,Youth-andStudentwork.We helda churchAway Day in ChesterfieldandattendedFocus- the network church
holiday.
```
```
We continuedto buildrelationshipswith organisationsaroundthe city includingDerby City Vision,Derby City Mission,
Derby Food for Thought Alliance, Derby Youth Alliance, Community Action Derby and the Derby City Council.
```
## **`AGM/Werb's Church Council`**
```
Our Werb's ChurchCouncilhave continuedto meet monthlyaside from April, August and December. Our AGM in April
2023waswellattended- fourofourtrusteesresignedandfournewmemberswereelectedandwe co-opteda new
treasurer.
```
## **`Building Work`**
```
Upgrades to the wiring in the church continued in 2023 and this will be completed in 2024.
```
## **`Churchyard Renovation`**
```
Work continuedon the churchyardby a committedgroupof volunteers.2023 has seen great progresson clearing and
pavingmoreareasgivingbetteraccesstothegarden.Workwillcontinuein2024withtheinstallationofthe prayer
shelter which should see the renovation complete and the churchyard in full use for other church activities.
```
## **`Werb's Central`**
```
OuryouthandKeyStage2 kidsgroupshavebothusedthebuildingonSundaymorningsthisyear.Staffenjoyuse of
the office space and meeting rooms for collaborative working.
```
```
Two localorganisations- LittleWondersandTOGS - continuedto use the buildingfor storagespace andan operating
locationfor their activities.Both deal with children'sclothingand supportingpeople who are unableto afford clothing
themselves. At the end of 2023 they ended their partnership with us and have relocated.
```
```
WeranaWarmWelcomeinresponsetothecostoflivingcrisis-providedwarmfoodanddrinks-which was
attended by many members of the local community and we were able to support them with access to support funds.
The decisionwas made in 2023 to separate11 & 12 FriarGate backintotwo properties,withthe aim beingto let out
number 12 via a commercial agent. Work towards this will be progressed in 2024.
```
## **`Staffing`**
```
Atthestartof2023ourChildren'sandFamiliespastorlefttomovetoanewchurch.Wesubsequentlyappointed a
newpersontothisroleinMarch2023.InJunewe sentoneofourcuratestorevitaliseStEdmund'sChurch Allenton
andSheltonLockandourothercuratewentonmaternityleave.OurvolunteerWarmWelcomeManager stepped
backfromtheroleandourtwovolunteerMinistryAssistantscompletedtheirplacementsandwe didnotrecruit any
others.
```
## **`Church Plant - Mackworth (planted 2020)`**
```
StFranciscontinuedtogrowanddevelopduring2023.MinistriesincludeMondaynightfootball,chatty crafters,
connect groups, Alpha, plus kids and youth groups on Sundays.
```
```
By the end of 2023 St Francis' worshipping community was about 150 adults, 50 children and 20 youth.
```
```
Theordinand,whohadbeenonplacement,lefttobeordainedinthesummer,weappointedaparttime parish
co-ordinator in February and in July we were appointed a curate and he and his family came and joined us.
```
```
Page 3
```
```
ST WERBURGH'S DERBY
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023`**
```
Somehighlightsfromtheyearwere:acharityfootballmatchagainstAFCMackworthreserves,aresidents night
hostingthe localcouncillors,a wrestlingevent in the churchwhere testimonieswere shared,a jointChristmas market
workingwithmanylocalorganisations,beerandcarolshaditssecondyearinoneofourlocalpubsand grew
significantly.
```
```
WesawanumberofpeoplecometolivingfaithinJesusandasachurchcontinuetogrowinmaturity.Weare so
grateful for all that we saw God do in 2023 and are expectant for 2024.
```
## **`Church Plant - Allenton and Shelton Lock`**
```
In June 2023 we planteda churchto St Edmund'sAllenton& SheltonLock in the southof the city.We sent our curate
alongwithhisfamilyandabout40membersofourcongregation.Theyrananumberofcommunityeventsover the
year including a Summer Fun Day and a Christmas Market which had good engagement in the community.
```
```
ThecongregationhasgrownalreadyandinAutumntheyranAlphawithabout20participants.Welookforward to
supporting them as they look towards some building improvements and extending their community outreach in 2024.
```
## **`Love Christmas`**
```
OurconnectionswithDerbyCityMissionandDerbyFoodforThoughtAlliance(DF4TA)continuedwiththe Love
ChristmasCampaign.DF4TAdelivered4220foodparcelsandDCMgaveout800ChristmasGiftswithsupportfrom a
grant we were successful in applying for.
```
```
Additionallyas partof thiscampaign,we gave 250 giftsto residentsof carehomeslocalto St FrancisMackworth and
400 selection boxes to children local to St Eds Allenton and Shelton Lock.
```
## **`Sunday Services`**
```
Our SundayServices continuewith over 300 peopleengagingwith our services each week - eitherin personor online.
We trialled a new 4.30 service which then combined with our 6.30 service to create a new 5.30 gathering.
```
```
AtStWerburgh'swewantchurchtobehomeforeveryonewhocomesthroughourdoors.Throughout2023, the
WelcomeandHospitalityTeamshavecontinuedtoofferawarmwelcome,hotcoffee,andafriendlyfaceat every
Sundaygathering.We also started a runninga course called 'New to Werb's' which gives people who haven't attended
the church previously to come and find out about our vision and values and meet the church leaders.
```
## **`Children`**
```
Werb's Kids continues to have a good attendance on Sunday mornings with an increase in the pre-school group.
ToddlerGroupwasputonholdthroughtheSpring/SummertermswhilethepreviousChildren'sandFamilies Pastor
left and a new one was appointed.The grouprelaunchedin September2023, with a changeof day.There is a regular
attendance of parents from both within and outside Werb's.
```
```
AmonthlyyouthgroupforKS2childrenhasbeenrunningsinceJune.Thechildrenthatcomealongparticipate in
activities such as pizza making, crafts, wide games and laser tag.
```
```
OnGoodFridayweheldafamilyactivitymorningtakingthechildrenthroughthestoryofJesus'death and
resurrection and trying to work out the mysteries of Easter. This was a great event that combined fun and reflection.
WeheldourannualLightPartyon31stOctoberandAdventPartyatthestartofDecember.Thesewerevery well
attended with church families and visitors and we were able to publicise our Christmas services through the events.
```
## **`Youth`**
```
Page 4
```
```
ST WERBURGH'S DERBY
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023`**
```
Our youthministryhas hada fruitfulyear,withmanynew youngpeopleattendingourweeklyyouthgroups,many of
whomhavenochurchbackgroundandwhosefamiliesdonotattendchurch.Therehasbeenagrowthin young
peopleinvitingfriendsto come to youthand many of these new youngpeoplehave said thatthe youthgroupis their
favouriteactivityoftheweek.Wehavecontinuedourmonthlyyouthservicewhichhasdevelopedtoapoint where
youngpeopleare regularlyin leadershiproles and growingin their gifts and skills throughthis opportunity.We aim to
develop this as our main outreachevent in the coming year. Duringthe summer we took a number of youngpeople to
a Christianfestivaland in the Autumnwe ran our thirdconsecutiveyouthweekendaway whichwas a big success and
was attendedby a range of young people includingthose with no churchbackground,those with additionalneeds and
manywhohadneverhadanopportunitytogoonaweekendawaybefore.Wehavemaintainedapresencein the
localsecondaryschool,runninga weeklygroupto allowstudentsto exploreChristianityas well as leading assemblies
and we have now been asked to assist in a number of RE lessons.
```
## **`Students`**
```
During2023we continuedtogatherstudentsandconnectwitha numberof themthroughministryduringthe week
as well as Sundayevenings.Duringfreshersweek therewas an excitingnumberof connectionsmadewiththose new
to the cityandit was greatto be ableto inviteandchatwithmanystudentsaboutfaith.In Novemberwe alsotook a
numberofstudentstothePeakDistrictforaweekendawaywhichwasagreatopportunityforrelationshipsto be
built and strengthened and for students to step into leading different areas, especially worship.
```
```
At the end of the yeartherehas been a changein leadershipfor studentsdue to ourcurategoingon maternity leave
and so the lead ministerhas now taken on overseeingthe groupand will be reshapingand relaunchingnew initiatives
as part of our student ministry for 2024.
```
## **`Alpha`**
```
Alphais an eleven-weekcourseandgives guestsan opportunityto explorequestionsof faithandthe meaningof life.
Each week the course consistsof a meal, watchinga talk and then time to discusswhat has been watched.In 2023 we
ranAlphaonTuesdayeveningsinboththeSpringandAutumnTerm.Eachcoursealsohasan'awayday'on a
Saturday,whichwe runjointlywithotherchurchesat St Francis'Church,Mackworth.Lastyearit was greatto have a
mixofnewandoldteammembers,helpingtorunAlpha.Throughout2023itwasajoywelcomingpeopleonto the
Alpha course who wouldn't normally go to church, and seeing people develop a faith in Jesus for the first time.
```
## **`Werb's Groups`**
```
Followingtherelaunchofthesegroupsin2022,lastyearhasseenthemcontinuetogrowandstrengthen.They are
the heartbeat
```
```
ofSTWDerbyandwehavebeguntodevelopagoodpathwayforpeoplewhoarenewtothechurchtoconnect in.
Eachterm we runNew to Werb'seveningswithfoodandinputfrom the leadminister.Out of thispeoplelearn more
aboutthechurchandthevisionandespeciallyaboutCommunitygroupsandhowtojoinone.Thegroupsare places
where we live in communitywhere we eat, pray, and share life together.Werb's Communitiesare based primarily (not
exclusively)ongeographicallocations(North,South,East,WestandCentralpartsofthecity.Wehaveseen leaders
develop and grow in their gifts and are grateful for so many being willing to step up and serve in this way.
```
## **`Prayer`**
```
We have continuedto pray every day on Zoom at 7am. A faithfuland consistentcommunityhas formed and remained
steadfastin theircommitmentto prayand seek God for our church,city and nation.We also held a 24/7 prayer room
duringMaywhichwasalmostfullyfilleddayandnight.Thishelpedtostirandengageprayeratadeeperlevel and
wasfascinatingtobeintheroomovernightorlateinthenighttoraiseawarenessofthenighttimeeconomy and
manyoutandaboutonthestreetatthattime.We havealsocontinuedtoconnectwithCityVisioneventsand have
joinedwith the monthlyprayermeetingsfor leadersas well as the City wide prayerevents thathave gathered people
from across the different churches to unite in prayer.
```
```
Page 5
```
```
ST WERBURGH'S DERBY
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023`**
## **`FINANCIAL REVIEW`**
## **`Financial position`**
```
At theendof thereportingperiod,thecharityhadtotalfundsof £1,936,400.Restrictedfundstotalled£774,541 and
unrestrictedfundstotalled£1,161,859.Ofthe£1,161,859unrestrictedfunds,£857,657weredesignatedtothe new
buildingfund(representingthenetbookvalueofthenewbuildingandimprovementworks)andthe remaining
£304,201 were general unrestricted funds.
```
```
IntheyeartotheendofDecember2023,thecharityreceivedatotalof£432,518againstexpenditureon charitable
activitiesof£530,138.Expenditureonthepurchaseoffixedassetstotalled£Nil.Restrictedfundsreceivedin the
periodtotalled£39,281,thesewerereceivedforvariousprojectssuchasLoveYourNeighbour,WarmWelcome, The
Garden Project, Living Room and other smaller projects.
```
```
Overaperiodofsixyears,thecharityhadreceived£1,257,274offundingfromtheChurchCommissioners,and this
fundingended duringthe 2021 financialyear. Budgets,forecasts,and reserves are in place to supportthe transition to
self-sufficiency in the coming years.
```
## **`Reserves policy`**
```
Thedirectorsaimtoholdfreereserves(i.e.unrestrictedfundslessfixedassets)equaltoapproximately3months of
expenditureas contingencyfor unexpectedevents. At the end of 2023 the balanceof free reserves came to £239,456,
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.We hope to lease part of one of our buildingsout commerciallyto generateadditionalrevenue to fund
our mission
```
```
Wewillbecontinuinganddevelopingthewayweresourceourchurchplantsaswellasplanningforthenext one
whilst increasing our mission to young people in the city.
```
## **`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.
```
```
Page 6
```
```
ST WERBURGH'S DERBY
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023`**
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`SAFEGUARDING`**
```
TheTrusteeshaveadoptedtheChurchofEngland'ssafeguardingpolicyrelatingtochildren,youngpeople and
vulnerablepeopleandhavean appointedParishSafeguardingLinkwhohascompletedthe Diocese'straining 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 22 April 2024 and signed on its behalf by:
```
```
P D Mann - Trustee
```
```
Page 7
```
```
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 2023.
```
## **`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
```
```
1 May 2024
```
```
Page 8
```
## **`ST WERBURGH'S DERBY`**
## **`STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2023`**
|`Notes`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`2`
`Investment income`
`3`
`Other income`
**`Total`**
**`EXPENDITURE ON`**
**`Charitable activities`**
`4`
`Students, Youth, Children & Communities`
`Alpha & Events`
`Mission Giving`
`Worship & Services`
`Social Action & Outreach`
`Common Fund - Parish Share`
`Church Planting`
**`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`
`£`
`383,248`
`4,664`
`5,325`
`393,237`
`131,232`
`50,383`
`9,000`
`141,636`
`10,023`
`78,164`
`29,672`
`450,110`
`(56,873)`
`(65)`
`(56,938)`
`1,218,797`
`1,161,859`|`Restricted`
`funds`
`£`
`39,281`
`-`
`-`
`39,281`
`19,171`
`14,289`
`-`
`19,895`
`24,327`
`-`
`2,346`
`80,028`
`(40,747)`
`65`
`(40,682)`
`815,223`
`774,541`|`2023`
`Total`
`funds`
`£`
`422,529`
`4,664`
`5,325`
`432,518`
`150,403`
`64,672`
`9,000`
`161,531`
`34,350`
`78,164`
`32,018`
`530,138`
`(97,620)`
`-`
`(97,620)`
`2,034,020`
`1,936,400`|`2022`
`Total`
`funds`
`£`
`586,488`
`354`
`436`|
|---|---|---|---|---|
|||||`587,278`|
|||||`181,664`
`56,577`
`10,033`
`137,959`
`46,500`
`52,000`
`22,109`|
|||||`506,842`|
|||||`80,436`
`-`|
|||||`80,436`
`1,953,584`|
|||||`2,034,020`|
```
The notes form part of these financial statements
```
```
Page 9
```
```
ST WERBURGH'S DERBY
```
## **`BALANCE SHEET`**
## **`31 DECEMBER 2023`**
|`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`
`£`
`922,404`
`4,905`
`248,578`
`253,483`
`(14,029)`
`239,454`
`1,161,858`
`1,161,858`|`Restricted`
`funds`
`£`
`766,093`
`-`
`9,493`
`9,493`
`(1,044)`
`8,449`
`774,542`
`774,542`|`2023`
`Total`
`funds`
`£`
`1,688,497`
`4,905`
`258,071`
`262,976`
`(15,073)`
`247,903`
`1,936,400`
`1,936,400`
`304,201`
`857,657`
`1,161,858`
`774,542`
`1,936,400`|`2022`
`Total`
`funds`
`£`
`1,791,363`
`17,982`
`254,111`
`272,093`
`(29,436)`
`242,657`
`2,034,020`
`2,034,020`
`322,595`
`896,202`
`1,218,797`
`815,223`
`2,034,020`|
|---|---|---|---|---|
```
The charitablecompanyis entitledto exemptionfrom audit under Section477 of the CompaniesAct 2006 for the year
ended 31 December 2023.
```
```
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
31 December 2023 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 10
```
## **`ST WERBURGH'S DERBY`**
## **`BALANCE SHEET - continued 31 DECEMBER 2023`**
```
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitable companies
subject to the small companies regime.
```
```
The financialstatementswere approvedby the Boardof Trusteesandauthorisedfor issueon 22 April2024and were
signed on its behalf by:
```
```
P D Mann - Trustee
```
```
The notes form part of these financial statements
```
```
Page 11
```
## **`ST WERBURGH'S DERBY`**
## **`CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023`**
|`Notes`
**`Cash flows from operating activities`**
`Cash generated from operations`
`1`
`Net cash (used in)/provided by operating activities`
**`Cash flows from investing activities`**
`Purchase of tangible fixed assets`
`Interest received`
`Net cash provided by/(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`**|`2023`
`£`
`(713)`
`(713)`
`-`
`4,673`
`4,673`
`3,960`
`254,111`
`258,071`|`2022`
`£`
`192,394`
`192,394`
`(297,904)`
`354`
`(297,550)`
`(105,156)`
`359,267`
`254,111`|
|---|---|---|
```
The notes form part of these financial statements
```
```
Page 12
```
```
ST WERBURGH'S DERBY
```
## **`NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023`**
## **`1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES`**
|**`Net (expenditure)/income for the reporting period (as per the`**
**`Statement of Financial Activities)`**
**`Adjustments for:`**
`Depreciation charges`
`Interest received`
`Decrease/(increase) in debtors`
`(Decrease)/increase in creditors`
**`Net cash (used in)/provided by operations`**|`2023`
`£`
`(97,620)`
`102,857`
`(4,664)`
`13,077`
`(14,363)`
`(713)`|`2022`
`£`
`80,436`
`97,567`
`(354)`
`(4,559)`
`19,304`
`192,394`|
|---|---|---|
## **`2. ANALYSIS OF CHANGES IN NET FUNDS`**
||`At 1.1.23`|`Cash flow`|`At 31.12.23`|
|---|---|---|---|
||`£`|`£`|`£`|
|**`Net cash`**||||
|`Cash at bank`|`254,111`|`3,960`|`258,071`|
||`254,111`|`3,960`|`258,071`|
|**`Total`**|`254,111`|`3,960`|`258,071`|
```
The notes form part of these financial statements
```
```
Page 13
```
```
ST WERBURGH'S DERBY
```
```
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
```
## **`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.
```
```
The presentation currency of the financial statements is the Pound Sterling (£).
```
## **`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.
```
```
continued...
```
```
Page 14
```
```
ST WERBURGH'S DERBY
```
```
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023
```
## **`1. ACCOUNTING POLICIES - continued`**
## **`Pension costs and other post-retirement benefits`**
```
Thecharitablecompanyoperatesadefinedcontributionpensionscheme.Contributionspayableto the
charitablecompany'spensionschemearechargedtotheStatementofFinancialActivitiesintheperiod to
which they relate.
```
## **`Allocation of costs to charitable activities`**
```
Duringtheyearitwasidentifiedthatsomeofthecharitableactivitiescouldbepresentedinabetterway to
moreaccuratelypresentthe activitiesof the charity.As a result,changeshavebeenmadeto the allocation of
theseandin additionthe comparativeshavebeenadjustedto more accuratelypresentthe allocationof costs
to each charitable activity.
```
## **`2. DONATIONS AND LEGACIES`**
|`Donations`
`Grants`
`Grants received, included in the above, are as follows:`
`Diocese and Church Commissioners`
`Other`
`Church Revitalisation Trust`
**`3.`**
**`INVESTMENT INCOME`**
`Interest on investments`|`2023`
`£`
`388,642`
`33,887`
`422,529`
`2023`
`£`
`-`
`13,887`
`20,000`
`33,887`
`2023`
`£`
`4,664`|`2022`
`£`
`483,431`
`103,057`|
|---|---|---|
|||`586,488`|
|||`2022`
`£`
`63,457`
`5,650`
`33,950`|
|||`103,057`|
|||`2022`
`£`
`354`|
```
continued...
```
```
Page 15
```
```
ST WERBURGH'S DERBY
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023`**
## **`4. CHARITABLE ACTIVITIES COSTS`**
|**`CHARITABLE ACTIVITIES COSTS`**||||
|---|---|---|---|
|`Students, Youth, Children &`
`Communities`
`Alpha & Events`
`Mission Giving`
`Worship & Services`
`Social Action & Outreach`
`Common Fund - Parish Share`
`Church Planting`|`Direct`
`Costs`
`£`
`103,275`
`37,741`
`9,000`
`114,403`
`27,617`
`78,164`
`25,285`
`395,485`|`Support`
`costs (see`
`note 5)`
`£`
`47,128`
`26,931`
`-`
`47,128`
`6,733`
`-`
`6,733`
`134,653`|`Totals`
`£`
`150,403`
`64,672`
`9,000`
`161,531`
`34,350`
`78,164`
`32,018`|
||||`530,138`|
```
Overheadshavebeenallocatedtoactivitiesbasedontheestimatedtimeandresourcesspentonthe area
concerned throughout the period concerned. These allocations are estimated as follows:
```
||**`2023`**|**`2022`**|
|---|---|---|
|`Students, Youth, Children & Communities`|`35.00%`|`35.00%`|
|`Alpha & Events`|`20.00%`|`20.00%`|
|`Social Action/ Outreach`|`5.00%`|`5.00%`|
|`Church Planting`|`5.00%`|`5.00%`|
|`Worship & Services`|`35.00%`|`35.00%`|
||`-------------------- `|`--------------------`|
||`100.00%`|`100.00%`|
## **`5. SUPPORT COSTS`**
|**`SUPPORT COSTS`**||
|---|---|
|`Buildings`
`Governance`
`Management & maintenance`
`costs`
`£`
`£`
`£`
`Students, Youth, Children & Communities`
`29,466`
`15,982`
`1,680`
`Alpha & Events`
`16,838`
`9,133`
`960`
`Worship & Services`
`29,466`
`15,982`
`1,680`
`Social Action & Outreach`
`4,210`
`2,283`
`240`
`Church Planting`
`4,210`
`2,283`
`240`
`84,190`
`45,663`
`4,800`|`Totals`
`£`
`47,128`
`26,931`
`47,128`
`6,733`
`6,733`|
||`134,653`|
```
continued...
```
```
Page 16
```
```
ST WERBURGH'S DERBY
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023`**
## **`6. NET INCOME/(EXPENDITURE)`**
```
Net income/(expenditure) is stated after charging/(crediting):
```
||`2023`|`2022`|
|---|---|---|
||`£`|`£`|
|`Depreciation - owned assets`|`102,866`|`97,567`|
## **`7. TRUSTEES' REMUNERATION AND BENEFITS`**
```
There were no trustees'remunerationor other benefitsfor the year ended 31 December 2023 nor for the year
ended 31 December 2022.
```
## **`Trustees' expenses`**
```
Duringtheyear,expenseswererepaidtothreetrusteestotalling£525(2022:£1,304).Thesewere direct
reimbursements of charity costs.
```
## **`De facto trustees`**
```
Duringtheyear,expenseswererepaidtoonedefactotrusteetotalling£1,405(2022:£3,285).These were
direct reimbursements of charity costs.
```
## **`8. STAFF COSTS`**
|`Wages and salaries`
`Social security costs`
`Other pension costs`
`The average monthly number of employees during the year was as follows:`
`Employees`|`2023`
`£`
`138,896`
`6,820`
`17,770`
`163,486`
`2023`
`6`|`2022`
`£`
`147,854`
`13,372`
`18,269`|
|---|---|---|
|||`179,495`|
|||`2022`
`7`|
```
No employees received emoluments in excess of £60,000.
```
```
continued...
```
```
Page 17
```
```
ST WERBURGH'S DERBY
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023`**
|**`9.`**
**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`Investment income`
`Other income`
**`Total`**
**`EXPENDITURE ON`**
**`Charitable activities`**
`Students, Youth, Children & Communities`
`Alpha & Events`
`Mission Giving`
`Worship & Services`
`Social Action & Outreach`
`Common Fund - Parish Share`
`Church Planting`
**`Total`**
**`NET INCOME/(EXPENDITURE)`**
**`Transfers between funds`**
**`Net movement in funds`**
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
**`TOTAL FUNDS CARRIED FORWARD`**|`Unrestricted`
`funds`
`£`
`486,546`
`354`
`436`
`487,336`
`149,063`
`40,709`
`10,033`
`113,474`
`13,994`
`52,000`
`18,774`
`398,047`
`89,289`
`24,852`
`114,141`
`1,104,657`
`1,218,798`|`Restricted`
`funds`
`£`
`99,942`
`-`
`-`
`99,942`
`32,601`
`15,868`
`-`
`24,485`
`32,506`
`-`
`3,335`
`108,795`
`(8,853)`
`(24,852)`
`(33,705)`
`848,927`
`815,222`|`Total`
`funds`
`£`
`586,488`
`354`
`436`|
|---|---|---|---|
||||`587,278`|
||||`181,664`
`56,577`
`10,033`
`137,959`
`46,500`
`52,000`
`22,109`|
||||`506,842`|
||||`80,436`
`-`|
||||`80,436`
`1,953,584`|
||||`2,034,020`|
## **`10. INDEPENDENT EXAMINER'S REMUNERATION`**
```
Theindependentexaminersremunerationamountstoanindependentexaminationfeeof£3,200 (2022:
£3,120) and other fees of £1,600 (2022: £1,560).
```
```
continued...
```
```
Page 18
```
```
ST WERBURGH'S DERBY
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023`**
## **`11. TANGIBLE FIXED ASSETS`**
|**`COST`**
`At 1 January 2023 and 31 December 2023`
**`DEPRECIATION`**
`At 1 January 2023`
`Charge for year`
`At 31 December 2023`
**`NET BOOK VALUE`**
`At 31 December 2023`
`At 31 December 2022`
**`COST`**
`At 1 January 2023 and 31 December 2023`
**`DEPRECIATION`**
`At 1 January 2023`
`Charge for year`
`At 31 December 2023`
**`NET BOOK VALUE`**
`At 31 December 2023`
`At 31 December 2022`|`Plant and`
`machinery`
`£`
`59,869`
`58,713`
`1,156`
`59,869`
`-`
`1,156`|`Freehold`
`property`
`£`
`683,748`
`18,233`
`13,675`
`31,908`
`651,840`
`665,515`
`Fixtures`
`and`
`fittings`
`£`
`101,995`
`47,195`
`10,198`
`57,393`
`44,602`
`54,800`|`Long`
`leasehold`
`£`
`715,140`
`53,851`
`13,463`
`67,314`
`647,826`
`661,289`
`Computer`
`equipment`
`£`
`59,111`
`28,574`
`19,128`
`47,702`
`11,409`
`30,537`|`Improveme`
`to`
`property`
`£`
`452,461`
`74,395`
`45,246`
`119,641`
`332,820`
`378,066`
`Totals`
`£`
`2,072,324`
`280,961`
`102,866`
`383,827`
`1,688,497`
`1,791,363`|
|---|---|---|---|---|
```
continued...
```
```
Page 19
```
```
ST WERBURGH'S DERBY
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023`**
|**`12.`**
**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Pensions control`
`Prepayments and accrued income`
**`13.`**
**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Trade creditors`
`Social security and other taxes`
`Other creditors`
`Pensions control`
`Accruals and deferred income`|`2023`
`£`
`-`
`4,905`
`4,905`
`2023`
`£`
`7,276`
`220`
`12`
`1,526`
`6,039`
`15,073`|`2022`
`£`
`624`
`17,358`|
|---|---|---|
|||`17,982`|
|||`2022`
`£`
`20,471`
`220`
`-`
`-`
`8,745`|
|||`29,436`|
## **`14. MOVEMENT IN FUNDS`**
|**`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`
`City Vision`
`Garden Project`
`Living Room`
`Youth Easter Holiday Club 2023`
`Youth Homework Club 2023`
**`TOTAL FUNDS`**|`At 1.1.23`
`£`
`322,595`
`896,202`
`1,218,797`
`1,710`
`23,278`
`142,830`
`354,700`
`266,127`
`1,177`
`23,646`
`1,755`
`-`
`-`
`-`
`-`
`-`
`815,223`
`2,034,020`|`Net`
`movement`
`in funds`
`£`
`(18,329)`
`(38,545)`
`(56,874)`
`(285)`
`(2,472)`
`(28,206)`
`(6,950)`
`(5,765)`
`2,590`
`(2,500)`
`(66)`
`825`
`(53)`
`2,148`
`1`
`(13)`
`(40,746)`
`(97,620)`|`Transfers`
`between`
`funds`
`£`
`(65)`
`-`
`(65)`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`53`
`-`
`(1)`
`13`
`65`
`-`|`At`
`31.12.23`
`£`
`304,201`
`857,657`|
|---|---|---|---|---|
|||||`1,161,858`
`1,425`
`20,806`
`114,624`
`347,750`
`260,362`
`3,767`
`21,146`
`1,689`
`825`
`-`
`2,148`
`-`
`-`|
|||||`774,542`|
|||||`1,936,400`|
```
continued...
```
```
Page 20
```
```
ST WERBURGH'S DERBY
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023`**
## **`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`
`City Vision`
`Focus Event`
`Garden Project`
`Living Room`
`Youth Easter Holiday Club 2023`
`Youth Homework Club 2023`
**`TOTAL FUNDS`**|`Incoming`
`Resources`
`Movement`
`resources`
`expended`
`in funds`
`£`
`£`
`£`
`393,237`
`(411,566)`
`(18,329)`
`-`
`(38,545)`
`(38,545)`
`393,237`
`(450,111)`
`(56,874)`
`-`
`(285)`
`(285)`
`-`
`(2,472)`
`(2,472)`
`-`
`(28,206)`
`(28,206)`
`-`
`(6,950)`
`(6,950)`
`20`
`(5,785)`
`(5,765)`
`20,000`
`(17,410)`
`2,590`
`-`
`(2,500)`
`(2,500)`
`7,050`
`(7,116)`
`(66)`
`1,383`
`(558)`
`825`
`1,630`
`(1,630)`
`-`
`4,000`
`(4,053)`
`(53)`
`2,705`
`(557)`
`2,148`
`1,493`
`(1,492)`
`1`
`1,000`
`(1,013)`
`(13)`
`39,281`
`(80,027)`
`(40,746)`
`432,518`
`(530,138)`
`(97,620)`|
|---|---|
```
continued...
```
```
Page 21
```
```
ST WERBURGH'S DERBY
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023`**
## **`14. MOVEMENT IN FUNDS - continued`**
## **`Comparatives for 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`
`£`
`(104,049)`
`193,337`
`89,288`
`-`
`(20,996)`
`18,768`
`355`
`(6,950)`
`(5,785)`
`(19,645)`
`23,646`
`1,755`
`(8,852)`
`80,436`|`Transfers`
`between`
`funds`
`£`
`35,075`
`(10,223)`
`24,852`
`(8,977)`
`-`
`(810)`
`(15,065)`
`-`
`-`
`-`
`-`
`-`
`(24,852)`
`-`|`At`
`31.12.22`
`£`
`322,595`
`896,202`|
|---|---|---|---|---|
|||||`1,218,797`
`-`
`1,710`
`23,278`
`142,830`
`354,700`
`266,127`
`1,177`
`23,646`
`1,755`|
|||||`815,223`|
|||||`2,034,020`|
```
Comparative 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`
`£`
`£`
`£`
`263,199`
`(367,248)`
`(104,049)`
`224,137`
`(30,800)`
`193,337`
`487,336`
`(398,048)`
`89,288`
`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)`
`587,278`
`(506,842)`
`80,436`|
|---|---|
```
continued...
```
```
Page 22
```
```
ST WERBURGH'S DERBY
```
```
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023
```
## **`14. MOVEMENT IN FUNDS - continued`**
## **`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.
```
## **`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.
```
```
The scheme (PensionBuilder2014)is a cash balancescheme thatprovidesa lumpsum whichmembers use to
providebenefitsatretirement.Pensioncontributionsarerecordedinanaccountforeach member.
Discretionarybonusesmaybeaddedbeforeretirement,dependingoninvestmentreturnsandother 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 (2023: £17,770, 2022: £18,269).
```
```
A valuationof the Pension BuilderScheme is carriedout once every three years. The most recent valuation was
carried out as at 31 December 2022.
```
```
ForthePensionBuilder2014section,thevaluationrevealedasurplusof£8.5montheongoing 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.
```
```
continued...
```
```
Page 23
```
```
ST WERBURGH'S DERBY
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023`**
## **`16. RELATED PARTY DISCLOSURES`**
```
Duringthe year, the charityentered into transactionswith RDX Pro-Audio,a tradingname of Simon Lewis who
isadefactoTrustee.Purchasesof£450(2022:£23,931)weremadeduringtheyearandthe balance
outstanding at the year end was £Nil (2022: £8,590).
```
```
Duringtheyear,thecharityenteredintotransactionswithEliteKitchens&Bathrooms(Cheadle)Ltd, a
companywho trustee Andrew Savage is a directorof. Purchasesof £64 (2022: £Nil) were made duringthe year
and the balance outstanding at the year end was £Nil (2022: £Nil).
```
```
Duringtheyear,thecharityrentedstoragespacetoTOGSClothingBankwhotrusteeAntheaPetersis the
founderof.Salesof£2,400(2022:£Nil)weremadeduringtheyearandthebalanceoutstandingatthe year
end was £Nil (2022: £Nil).
```
```
Page 24
```
```
ST WERBURGH'S DERBY
```
## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023`**
|**`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`**
`Accountancy fees`
`Total resources expended`
**`Net (expenditure)/income`**|`2023`
`£`
`388,642`
`33,887`
`422,529`
`4,664`
`5,325`
`432,518`
`73,286`
`6,820`
`17,770`
`297,609`
`395,485`
`65,610`
`18,580`
`84,190`
`45,663`
`4,800`
`530,138`
`(97,620)`|`2022`
`£`
`483,431`
`103,057`|
|---|---|---|
|||`586,488`
`354`
`436`|
|||`587,278`
`86,852`
`13,372`
`18,269`
`227,085`|
|||`345,578`
`61,002`
`15,225`|
|||`76,227`
`80,357`
`4,680`|
|||`506,842`|
|||`80,436`|
```
This page does not form part of the statutory financial statements
```
```
Page 25
```