```
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 2024
```
```
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 2024
```
||**`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 23`|
|**`Detailed Statement of Financial Activities`**|`24 to 25`|
```
ST WERBURGH'S DERBY
```
```
REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31 DECEMBER 2024
```
|**`TRUSTEES`**|`S L Crathorne`|
|---|---|
||`L J Gwilt (resigned 22.4.24)`|
||`V Lewis`|
||`P D Mann`|
||`C McCrone (resigned 22.4.24)`|
||`B T Sams`|
||`A S Ramsay`|
||`A M Savage`|
||`A L Peters`|
||`G Towers`|
||`G Strange`|
||`L F King`|
||`K M Lussi (appointed 22.4.24)`|
||`H A Prestwich (appointed 22.4.24)`|
|**`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 2024`**
```
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheir report
withthefinancialstatementsofthecharityfortheyearended31December2024.Thetrusteeshaveadopted the
provisionsofAccountingandReportingbyCharities:StatementofRecommendedPracticeapplicableto charities
preparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublic of
Ireland (FRS 102) (effective 1 January 2019).
```
## **`OBJECTIVES AND ACTIVITIES`**
## **`Vision`**
```
Ourobjectivesaresetoutinourgoverningdocument,theMemorandumandArticlesIncorporated27/04/2017 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 2024
```
## **`ACHIEVEMENT AND PERFORMANCE`**
## **`Charitable activities`**
```
In2024wecontinuedtoserveourcommunitybyofferingafullprogrammeofactivities-SundayServices, Alpha,
CommunityGroups,Kids-,Youth-andStudentwork.WeheldachurchAwayDayinatStAlkmund'sinDerby and
attended Focus - the network church holiday.
```
```
We continuedto buildrelationshipswith organisationsaroundthe city includingDerby City Vision,Derby City Mission,
Derby Food for ThoughtAlliance,Derby YouthAlliance,CommunityActionDerby and the Derby City Council.We have
recently started to build a relationship with University of Derby Student Union and Pop World - a local night club.
```
## **`AGM/Werb's Church Council`**
```
Our Werb's ChurchCouncilhave continuedto meet monthlyaside from April, August and December. Our AGM in April
2024 was well attended - two of our trustees resigned and two new members were elected.
```
## **`Building Work`**
```
Upgradesto the wiringin the churchare ongoingand we hopeto completethese in 2025 as well as completing some
repairs to the roof.
```
## **`Churchyard Renovation`**
```
Worktothechurchyardhasbeencompletedandthegardenisnowinfullusebythechurch.Ithashosted wedding
receptions,toddlerfunmorningsandhadanopendayforthecommunity.Wearenowlookingatwayswe can
improvethe land on the outsideof the churchpremises by workingin collaborationwith the counciland St Alkmund's
PCC.
```
## **`Werb's Central`**
```
OuryouthgroupcontinuedtousethebuildingonSundaymorningsthisyear.Wehavedevelopedanupstairs office
intoa'den'forourupperkeystage2childrentoenablethemtohavesessionwhichdigdeeperintothebible. Staff
continue to enjoy use of the office space and meeting rooms for collaborative working.
```
```
Wealsodidsomerenovationstothebuildingtosplititintotwoseparateentities,oneforongoingchurchuse, and
one intended for commercial rent.
```
```
LittleWondersandTOGSendedtheirrentalagreementandmovedoutofthebuildingfollowingourdecision to
separatethebuildingandlooktoleasingpartofitcommercially.Wehavefoundapotentialtenantforthisand we
look to commencing the tenancy in 2025.
```
## **`Staffing`**
```
In 2024 our curatedecidedto returnfrom maternityleave to an alternativechurchwithinthe dioceseto broaden her
experience.Both our Worshipand CreativePastorand our ProductionManageralso moved onto new roles. Following
somereflection,wetookthedecisiontocovertheseroleseitherinternallyandwithvolunteersorwithanumber of
part-time roles. In August we appointed the part-time roles of Communications Assistant and Worship Coordinator.
```
```
InDecemberourfull-timeYouthPastortookmaternityleaveandweappointedapart-timematernitycoverto keep
the ministry moving forward in her absence.
```
```
WewerealsoabletocontinueourMinistryAssistantprogrammebyrecruitingtwomemberswhoattend staff
meetings and other trainings in addition to contributing fully to the life of the church on a part-time voluntary basis.
```
```
We agreedto appointa numberof membersof staffto workon a ServiceLevel Agreementto ourtwo church plants.
Thiswasafull-timeChildren'sandFamiliesPastoratStFrancisandapart-timeChildren'sandFamiliesPastoras St
Ed's. There were plans for a Part-time Admin Assistant to join St Ed's at the start of 2025.
```
```
Page 3
```
```
ST WERBURGH'S DERBY
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024`**
## **`Church Plant - Mackworth (planted 2020)`**
```
2024 was a wonderful year at St Francis Mackworth.
```
```
TheyhadacurateforthewholeyearandemployedtheirfirstkidspastorinSeptember,viatheService Level
Agreement mentioned above.
```
```
Alpharantwiceinpersonduringtheyearandpartiallyonlineforbaptismfamilieswithgodparents.Theysaw 40
guests attend Alpha in the autumn term.
```
```
By the endof the yeartheirworshippingcommunitywas justunder250 whichincludedalmost90 under18s.40% of
them were not attending a church before they joined St Francis.
```
```
MidweektoddlergrouprestartedatEasterandwasrebrandedLittleLights.Mondaynightfiveaside football
continuedtoflourishasdidChattycraftersrunatthelibrary.InSeptemberOpenDoorCoffeemorningstarted on
Thursday mornings.
```
```
There were lots of fun socialevents seekingto grow community- from games afternoons,silentdisco,BBQ, Wrestling
event and Tough Talk outreach event as well.
```
```
TheyhaveestablishedgreaterlinkswithlocalschoolsandarenowdoingmonthlyassembliesinReigateand Maple
View and have had some visits from classes at Brackensdale.
```
```
Everythingcontinuestoberootedinprayerwithmonthlyprayerwalks,weeklyprayerZoommeetingsand prayer
before the 1030 service.
```
```
The9amtraditionalservicehasgrowntoabout30mostweeksandthe10.30toaround120(includingunder 18s),
there were a number of people watching online in the afternoon on a Sunday.
```
## **`Church Plant - Allenton and Shelton Lock (planted in 2023)`**
```
2024hasbeenayearofgrowthandconnectionatStEd'sChurch.Thecongregationhascontinuedtoexpand, now
regularly90-100members.Thisgrowthhasbeenmirroredbythesuccessfullaunchoffivevibrant community
groups, fostering deeper connections and support.
```
```
Theyhavehadabusyandexcitingyearwithseveralwell-attendedevents,includingtheirEasterHoliday Club,
ChristmasMarket,BonfireNightwithfireworks,LightParty,andMovieNights.ThePrayandBouncesessions have
beenahit,andtheywerehonouredtohosttheArchbishopofCanterburyforamemorablevisit.Theyalsorana 24
hour prayer event.
```
```
Engagementwithlocalschoolshasflourished,withseveralserviceshostedatthechurchthroughoutthe year,
strengtheningcommunityties. The leadershipteams have grown and developed,contributingto the continued vitality
of the church's mission. They also ran Love Christmas, blessing several local families with gifts and support.
```
```
Theylauncheda midweektraditionalHolyCommunionserviceandTheLivingRoom- a coffeemorningthat's quickly
becomingakeycommunityhub,withplanstointroduceamonthlymeal.Therewerealsosignificantstrides in
building relationships with other local churches and community groups.
```
```
Tocombattheirongoingheatingissues,theyinstalledamarquee,ensuringawarmandwelcomingspace for
everyone. Commitment to fixing the heating will also be a priority, ensuring a comfortable environment for all.
```
## **`Love Christmas`**
```
WeagainpartneredwithLoveYourNeighbourtoprovidebagsofkindnesstocommunitiesinDerby.We supported
bothourchurchplantswithresourcingthiswiththehelpofagrant.WeworkedalongsideDerbyFoodfor Thought
Alliance and Derby City Mission as part of this to deliver food parcels and Christmas gifts to those in need.
```
## **`Sunday Services`**
```
Our SundayServices continuewith over 300 peopleengagingwith our services each week - eitherin personor online.
We decided to end the 5.30 service and relaunched the 6.30 service in September with some socials.
```
```
AtStWerburgh'swewantchurchtobehomeforeveryonewhocomesthroughourdoors.Throughout2024, the
WelcomeandHospitalityTeamshavecontinuedtoofferawarmwelcome,hotcoffee,andafriendlyfaceat every
SundaygatheringwhilstourNewtoWerb'scourseofferpeopletheopportunitytogettoknowsomeof the
background of the church and meet the church leaders before joining communities.
```
```
Page 4
```
```
ST WERBURGH'S DERBY
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024`**
## **`Children`**
```
Werb'sKidshasagoodattendanceonaSundaymorningwithanaverageof30childrenundertheageof11. In
September2024,the olderKS2 groupwas splitintotwo groups,schoolyears3 and4 in onegroupandyears5 and 6
inanother.Theaimofthisnewgroup,Inferno,istogivetheolderchildrenachancetolookintotheBibleand their
own faith journey in greater depth, as well as preparing them for the transition into Youth.
```
```
Werb'sToddlerGroupcontinueson a Thursdaymorningduringterm time. In September,a groupof parentsfrom the
Toddler Group formed a Bible study group which meets weekly on Monday mornings.
```
```
OnGoodFriday,aStationsofTheCrosseventwasheldforpeopleofallagestoattend.Thiseventconsistedof 12
'stations' where people could find out about the timeline of the Easter story in a reflective and interactive way.
TheannualLightPartywasheldon31stOctoberinthechurchwhichwasattendedbymanychurchfamilies and
visitors.The Advent Party was held at the end of Novemberwhich startedthe Christmasseason at Werb's and gave us
the opportunity to advertise our Christmas services.
```
```
In December, the KS2 children had a social evening skating in the city centre.
```
## **`Youth`**
```
2024 has been a year of growth,connection,and spiritualdevelopmentfor our youthministry.We've seen our young
people engage deeply in community and faith, taking on leadership roles and forming lasting relationships.
Akeyhighlightthisyearwasthecontinuedinvolvementofourolderyouth.Theyenjoyedmeetinginalocal coffee
shoptobuildcommunity,askquestionsaboutfaith,andsharewhat'sontheirhearts.Manyalsoservedin various
roles on Sunday mornings, contributing to production, hospitality, and children's ministries.
```
```
OurWednesdayyouthserviceshaveremaineda vibrantspaceforfun,worship,andconnection,helpingto nurture a
strongsenseof belonging.A significantmomentwas theFocusgathering,wheremanyof ouryoungpeople returned
with a renewed passion to live for Jesus and evangelise.
```
```
InOctober,theyouthenjoyedaweekendaway,strengtheningbondsandreflectingontheirfaithjourney.We also
saw severalyoungpeoplereaffirmtheirbaptismalvows or be baptisedfor the first time, with many more planning to
take this step in the near future.
```
```
There has alsobeen growinginterestin runningYouthAlphaat localschools,withouryoungpeopleactively involved
in making it happen and enjoying the process.
```
```
Throughouttheyear,youthmembershavehadopportunitiestoleadinworship,andwe'veseennew friendships
blossom and old ones deepen.
```
```
Overall,it's been a fruitfulyear, and we're excited for the continuedgrowth and opportunitiesfor our young people to
explore and share their faith in 2025.
```
## **`Students`**
```
OurstudentworkhascontinuedtogrowandflourishovertheyearasCollectivehasbecomemoreestablished. We
haveseen lotsof new studentsjoinus thisyearandmakeWerb'stheirhome.Therehasbeendeepcommunity form
withinthis groupand there is a growinghungeramongstthem to seek God and to see salvationamongsttheir friends
and to see God move in power.
```
```
WehadaweekendawayinNovemberwhichwasagreatopportunitytoseerelationshipsdeepenwithone another
andwithGod.We have alsoseen a new ministrydevelopwiththe launchof Tea andToastwhichis offeringa way to
connectwithstudentsandyoungpeoplewhilethey'reoutatclubsandpubs,onaWednesdaynight,byproviding a
safe space and opportunity for conversation and connection.
```
```
Asweheadintothenewyearwe'reexcitedtoseeallthatGodisdoingamongstthe18s-25scontinuetogrow and
develop.
```
## **`Alpha`**
```
Alphais a ten-week course and gives guests an opportunityto explorequestionsof faith and the meaningof life. Each
week the courseconsistsof a meal,watchinga talkwithpausebreaksfordiscussionaroundwhathasbeen watched.
In2024we ranAlphaonTuesdayeveningsinboththeSpringandAutumnTerm.Eachcoursealsohasan'away day'
onaSaturday,whichwerunjointlywithotherchurchesatStFrancisChurch,Mackworth.IntheAutumnTerm a
member of our congregationran alphaat Rolls Royce,where they work.A coupleof our youthwere inspiredat Focus
torunAlphaattheirschool,andtheystartedplanningandliaisingwiththeschoolaboutthis.Itwasgreatto have
peoplewhohadbeenanAlphaguestthepreviousterm,joiningtheteamthisyear.Throughout2024itwasajoy to
meet new people on the Alpha course and see people develop a faith in Jesus for the first time.
```
```
Page 5
```
```
ST WERBURGH'S DERBY
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024`**
## **`Werb's Communities`**
```
Communitieshavecontinuedtothriveoverthepastyear.Theyhaveremainedfairlyconsistentwithafew changes
here and there but as we have settled into this new style and patternit has been good for the groupsto become more
established.Thereisalwaysturnoverwithnewpeoplewantinggroupsandothersleavingorchangingsowe are
tryingto maintainandholdthatwell.The groupsarefoundationalforthechurchandhelpprovidepastoralcare and
community.We met with all the leaders last term individuallyto catch up and pray. The groups generallyprefer videos
thatare linkedto oursermonseries andallowconsistencywithwhatis beingtaughton Sundaysto helpkeep people
connected so we are continuing to use this method of teaching over the next term with the book of Romans.
```
## **`Prayer`**
```
Therehasbeenongoingprayerinourdaily7amzoomgroupforover4yearswhichisamazing.Thereisa faithful,
consistentandcommittedgroupwholoveprayingtogetherandhaveseenGodatworkindifferentways amongst
them,thechurchandthecity.WehavealsoconnectedwiththeCitywideprayereventswhichhavebeengreat to
helpbuildconnectionacrossthecityandtobeprayingtogetherwithawiderfocusandindifferentstyles.We are
continuingourworshipnightsandoverthenextyearwillworkonshapingthoseto runalongsidethekingdom come
eventsrunacrossthenetwork.Thisisanareathatwewanttogrowinandseeprayeratthecentreofallwe do.
Prayer ministrycontinuesto be offered at the services and the team is committedand consistent.The responseto the
offer of prayer ministry is very mixed and something that we long to build in more and more over the next year.
```
## **`FINANCIAL REVIEW`**
## **`Financial position`**
```
At theendof thereportingperiod,thecharityhadtotalfundsof £1,940,545.Restrictedfundstotalled£729,811 and
unrestrictedfundstotalled£1,210,734.Ofthe£1,210,734unrestrictedfunds,£841,127weredesignatedtothe new
buildingfund(representingthenetbookvalueofthenewbuildingandimprovementworks)andthe remaining
£369,607 was split between the general unrestricted fund (£255,240) and the Jerusalem Grant Funding (£114,367).
```
```
IntheyeartotheendofDecember2024,thecharityreceivedatotalof£493,380againstexpenditureon charitable
activitiesof£489,235.Expenditureonthepurchaseoffixedassetstotalled£28,470.Restrictedfundsreceivedin the
periodtotalled£23,686,thesewerereceivedforvariousprojectssuchasLoveYourNeighbour,RaymondRoss DBF,
The Focus Event 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 2024 the balanceof free reserves came to £315,847,
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.
```
```
Page 6
```
```
ST WERBURGH'S DERBY
```
```
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`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
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.
```
```
During2024thetrustees/Werb'sChurchCouncilhavecompliedwiththerequirementsimposedbythecode under
section 5A of the Safeguarding and Clergy Discipline Measure 2016.
```
```
Approved by order of the board of trustees on 31 March 2025 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 2024.
```
## **`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
```
```
31 March 2025
```
```
Page 8
```
```
ST WERBURGH'S DERBY
```
## **`STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2024`**
|`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`
`£`
`449,226`
`6,307`
`14,162`
`469,695`
`139,397`
`49,235`
`6,000`
`105,350`
`11,949`
`76,089`
`29,774`
`417,794`
`51,901`
`1,256`
`53,157`
`1,161,858`
`1,215,015`|`Restricted`
`funds`
`£`
`23,686`
`-`
`-`
`23,686`
`17,071`
`13,055`
`3,000`
`17,072`
`18,805`
`-`
`2,439`
`71,442`
`(47,756)`
`(1,256)`
`(49,012)`
`774,542`
`725,530`|`2024`
`Total`
`funds`
`£`
`472,912`
`6,307`
`14,162`
`493,381`
`156,468`
`62,290`
`9,000`
`122,422`
`30,754`
`76,089`
`32,213`
`489,236`
`4,145`
`-`
`4,145`
`1,936,400`
`1,940,545`|`2023`
`Total`
`funds`
`£`
`422,529`
`4,664`
`10,325`
`437,518`
`150,403`
`64,672`
`9,000`
`166,531`
`34,350`
`78,164`
`32,018`
`535,138`
`(97,620)`
`-`
`(97,620)`
`2,034,020`
`1,936,400`|
|---|---|---|---|---|
```
The notes form part of these financial statements
```
```
Page 9
```
```
ST WERBURGH'S DERBY
```
## **`BALANCE SHEET 31 DECEMBER 2024`**
|`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`
`Jerusalem Trust Grant`
`Restricted funds`
**`TOTAL FUNDS`**|`Unrestricted`
`funds`
`£`
`899,166`
`69,355`
`263,164`
`332,519`
`(16,672)`
`315,847`
`1,215,013`
`1,215,013`|`Restricted`
`funds`
`£`
`725,481`
`-`
`3,221`
`3,221`
`(3,170)`
`51`
`725,532`
`725,532`|`2024`
`Total`
`funds`
`£`
`1,624,647`
`69,355`
`266,385`
`335,740`
`(19,842)`
`315,898`
`1,940,545`
`1,940,545`
`313,886`
`841,127`
`60,000`
`1,215,013`
`725,532`
`1,940,545`|`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`|
|---|---|---|---|---|
```
The charitablecompanyis entitledto exemptionfrom audit under Section477 of the CompaniesAct 2006 for the year
ended 31 December 2024.
```
```
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
31 December 2024 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 2024
```
```
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitable companies
subject to the small companies regime.
```
```
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon31March2025 and
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 2024`**
|`Notes`
**`Cash flows from operating activities`**
`Cash generated from operations`
`1`
`Net cash provided by/(used in) operating activities`
**`Cash flows from investing activities`**
`Purchase of tangible fixed assets`
`Interest received`
`Net cash (used in)/provided by 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`**|`2024`
`£`
`30,727`
`30,727`
`(28,470)`
`6,057`
`(22,413)`
`8,314`
`258,071`
`266,385`|`2023`
`£`
`(713)`
`(713)`
`-`
`4,673`
`4,673`
`3,960`
`254,111`
`258,071`|
|---|---|---|
```
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 2024
```
## **`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/(used in) operations`**|`2024`
`2023`
`£`
`£`
`4,145`
`(97,620)`
`92,320`
`102,857`
`(6,057)`
`(4,664)`
`(64,450)`
`13,077`
`4,769`
`(14,363)`
`30,727`
`(713)`|`2024`
`2023`
`£`
`£`
`4,145`
`(97,620)`
`92,320`
`102,857`
`(6,057)`
`(4,664)`
`(64,450)`
`13,077`
`4,769`
`(14,363)`
`30,727`
`(713)`|
|---|---|---|
|||`(713)`|
## **`2. ANALYSIS OF CHANGES IN NET FUNDS`**
||`At 1.1.24`|`Cash flow`|`At 31.12.24`|
|---|---|---|---|
||`£`|`£`|`£`|
|**`Net cash`**||||
|`Cash at bank`|`258,071`|`8,314`|`266,385`|
||`258,071`|`8,314`|`266,385`|
|**`Total`**|`258,071`|`8,314`|`266,385`|
```
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 2024
```
## **`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 2024
```
## **`1. ACCOUNTING POLICIES - continued`**
## **`Pension costs and other post-retirement benefits`**
```
Thecharitablecompanyoperatesadefinedcontributionpensionscheme.Contributionspayableto the
charitablecompany'spensionschemearechargedtotheStatementofFinancialActivitiesintheperiod to
which they relate.
```
## **`2. DONATIONS AND LEGACIES`**
|`Donations`
`Grants`
`Grants received, included in the above, are as follows:`
`Jerusalem Trust Grant`
`Other grants`|`2024`
`£`
`328,917`
`143,995`
`472,912`
`2024`
`£`
`120,000`
`23,995`
`143,995`|`2023`
`£`
`388,642`
`33,887`|
|---|---|---|
|||`422,529`|
|||`2023`
`£`
`-`
`33,887`|
|||`33,887`|
```
Includedintheaboveis £60,000whichisreceivableinthenextfinancialyear.As attheyearend,the charity
hadentitlementtotheincome,theamountcouldbemeasuredreliablyanditwasprobablethatthe income
would be received, therefore, the income has been recognised in the current financial year.
```
## **`3. INVESTMENT INCOME`**
|`Interest on investments`
**`CHARITABLE ACTIVITIES COSTS`**
`Students, Youth, Children &`
`Communities`
`Alpha & Events`
`Mission Giving`
`Worship & Services`
`Social Action & Outreach`
`Common Fund - Parish Share`
`Church Planting`|`Direct`
`Costs`
`£`
`111,367`
`36,519`
`9,000`
`77,321`
`24,311`
`76,089`
`25,770`
`360,377`|`2024`
`£`
`6,307`
`Support`
`costs (see`
`note 5)`
`£`
`45,101`
`25,771`
`-`
`45,101`
`6,443`
`-`
`6,443`
`128,859`|`2023`
`£`
`4,664`
`Totals`
`£`
`156,468`
`62,290`
`9,000`
`122,422`
`30,754`
`76,089`
`32,213`|
|---|---|---|---|
||||`489,236`|
## **`4. CHARITABLE ACTIVITIES COSTS`**
```
Overheadshavebeenallocatedtoactivitiesbasedontheestimatedtimeandresourcesspentonthe area
concerned throughout the period concerned. These allocations are estimated as follows:
```
```
continued...
```
```
Page 15
```
```
ST WERBURGH'S DERBY
```
```
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024
```
## **`4. CHARITABLE ACTIVITIES COSTS - continued`**
||**`2024`**|**`2023`**|
|---|---|---|
|`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`**
|`Management`
`&`
`£`
`Students, Youth, Children & Communities`
`22,436`
`Alpha & Events`
`12,821`
`Worship & Services`
`22,435`
`Social Action & Outreach`
`3,205`
`Church Planting`
`3,205`
`64,102`|`Buildings`
`maintenance`
`£`
`20,636`
`11,792`
`20,637`
`2,948`
`2,948`
`58,961`|`Governance`
`costs`
`£`
`2,029`
`1,158`
`2,029`
`290`
`290`
`5,796`|`Totals`
`£`
`45,101`
`25,771`
`45,101`
`6,443`
`6,443`|
|---|---|---|---|
||||`128,859`|
## **`6. NET INCOME/(EXPENDITURE)`**
```
Net income/(expenditure) is stated after charging/(crediting):
```
|`Depreciation - owned assets`
**`TRUSTEES' REMUNERATION AND BENEFITS`**
`Trustees' salaries`|`2024`
`£`
`92,320`
`2024`
`£`
`2,097`|`2023`
`£`
`102,866`|
|---|---|---|
|||`2023`
`£`
`-`|
## **`7. TRUSTEES' REMUNERATION AND BENEFITS`**
## **`Trustees' expenses`**
```
Duringtheyear,expenseswererepaidtotwotrusteestotalling£90(2023:£372).Theserelated to
reimbursement of costs incurred by trustees in carrying out their duties.
```
```
continued...
```
```
Page 16
```
```
ST WERBURGH'S DERBY
```
```
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024
```
## **`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`
`No employees received emoluments in excess of £60,000.`||`2024`
`£`
`109,609`
`8,746`
`10,678`
`129,033`
`2024`
`6`||`2023`
`£`
`138,896`
`11,820`
`17,770`|
|---|---|---|---|---|
|||||`168,486`|
|||||`2023`
`6`|
## **`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`
`£`
`383,248`
`4,664`
`10,325`
`398,237`
`131,232`
`50,383`
`9,000`
`146,636`
`10,023`
`78,164`
`29,672`
`455,110`
`(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`|`Total`
`funds`
`£`
`422,529`
`4,664`
`10,325`
`437,518`
`150,403`
`64,672`
`9,000`
`166,531`
`34,350`
`78,164`
`32,018`
`535,138`
`(97,620)`
`-`
`(97,620)`
`2,034,020`
`1,936,400`|
|---|---|---|---|
```
continued...
```
```
Page 17
```
```
ST WERBURGH'S DERBY
```
```
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024
```
## **`10. INDEPENDENT EXAMINER'S REMUNERATION`**
```
Theindependentexaminersremunerationamountstoanindependentexaminationfeeof£3,200 (2023:
£3,200) and other fees of £1,570 (2023: £1,600).
```
## **`11. TANGIBLE FIXED ASSETS`**
|**`COST`**
`At 1 January 2024`
`Additions`
`At 31 December 2024`
**`DEPRECIATION`**
`At 1 January 2024`
`Charge for year`
`At 31 December 2024`
**`NET BOOK VALUE`**
`At 31 December 2024`
`At 31 December 2023`
**`COST`**
`At 1 January 2024`
`Additions`
`At 31 December 2024`
**`DEPRECIATION`**
`At 1 January 2024`
`Charge for year`
`At 31 December 2024`
**`NET BOOK VALUE`**
`At 31 December 2024`
`At 31 December 2023`|`Plant and`
`machinery`
`£`
`59,869`
`-`
`59,869`
`59,869`
`-`
`59,869`
`-`
`-`|`Freehold`
`property`
`£`
`683,748`
`-`
`683,748`
`31,908`
`13,675`
`45,583`
`638,165`
`651,840`
`Fixtures`
`and`
`fittings`
`£`
`101,995`
`-`
`101,995`
`57,393`
`10,199`
`67,592`
`34,403`
`44,602`|`Long`
`leasehold`
`£`
`715,140`
`-`
`715,140`
`67,314`
`13,463`
`80,777`
`634,363`
`647,826`
`Computer`
`equipment`
`£`
`59,111`
`-`
`59,111`
`47,702`
`8,087`
`55,789`
`3,322`
`11,409`|`Improvements`
`to`
`property`
`£`
`452,461`
`28,470`
`480,931`
`119,641`
`46,896`
`166,537`
`314,394`
`332,820`
`Totals`
`£`
`2,072,324`
`28,470`
`2,100,794`
`383,827`
`92,320`
`476,147`
`1,624,647`
`1,688,497`|
|---|---|---|---|---|
```
continued...
```
```
Page 18
```
```
ST WERBURGH'S DERBY
```
```
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024
```
## **`12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
|`Trade debtors`
`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`
**`14.`**
**`MOVEMENT IN FUNDS`**
`At 1.1.24`
`£`
**`Unrestricted funds`**
`General Fund`
`280,723`
`New Building Fund`
`881,135`
`Jerusalem Trust Grant`
`-`
`1,161,858`
**`Restricted funds`**
`SDF Other Costs Non-Capital`
`1,425`
`SDF Refurbishment Non-Capital`
`20,806`
`SDF Refurbishment Capital`
`114,624`
`SDF Building Grant`
`347,750`
`Building Fund`
`260,362`
`Love Your Neighbour`
`3,767`
`CRT New Building Improvements`
`21,146`
`Warm Welcome`
`1,689`
`City Vision`
`825`
`Focus Event`
`-`
`Living Room`
`2,148`
`Raymond Ross DBF`
`-`
`Diocesan Grants: MRI`
`-`
`774,542`
**`TOTAL FUNDS`**
`1,936,400`|`Net`
`movement`
`in funds`
`£`
`31,907`
`(40,008)`
`60,000`
`51,899`
`(285)`
`(2,472)`
`(27,424)`
`(6,950)`
`(5,763)`
`(3,147)`
`(2,500)`
`(30)`
`(1,159)`
`(1,290)`
`(1,257)`
`4,813`
`(290)`
`(47,754)`
`4,145`||`2024`
`£`
`241`
`69,114`
`69,355`
`2024`
`£`
`9,633`
`-`
`-`
`454`
`9,755`
`19,842`
`Transfers`
`between`
`funds`
`£`
`1,256`
`-`
`-`
`1,256`
`-`
`-`
`-`
`-`
`-`
`(620)`
`-`
`(1,659)`
`334`
`1,290`
`(891)`
`-`
`290`
`(1,256)`
`-`|`2023`
`£`
`-`
`4,905`
`4,905`
`2023`
`£`
`7,276`
`220`
`12`
`1,526`
`6,039`
`15,073`
`At`
`31.12.24`
`£`
`313,886`
`841,127`
`60,000`|`2023`
`£`
`-`
`4,905`|
|---|---|---|---|---|---|
||||||`4,905`|
||||||`2023`
`£`
`7,276`
`220`
`12`
`1,526`
`6,039`|
||||||`15,073`|
|||||`1,215,013`
`1,140`
`18,334`
`87,200`
`340,800`
`254,599`
`-`
`18,646`
`-`
`-`
`-`
`-`
`4,813`
`-`||
|||||`725,532`||
|||||`1,940,545`||
```
continued...
```
```
Page 19
```
```
ST WERBURGH'S DERBY
```
```
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024
```
## **`14. MOVEMENT IN FUNDS - continued`**
```
Net movement in funds, included in the above are as follows:
```
|**`Unrestricted funds`**
`General Fund`
`New Building Fund`
`Jerusalem Trust Grant`
**`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`
`Living Room`
`Raymond Ross DBF`
`Diocesan Grants: MRI`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`349,695`
`-`
`120,000`
`469,695`
`-`
`-`
`1`
`-`
`22`
`15,777`
`-`
`-`
`(1,159)`
`2,010`
`(845)`
`5,000`
`2,880`
`23,686`
`493,381`|`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
`(317,788)`
`31,907`
`(40,008)`
`(40,008)`
`(60,000)`
`60,000`
`(417,796)`
`51,899`
`(285)`
`(285)`
`(2,472)`
`(2,472)`
`(27,425)`
`(27,424)`
`(6,950)`
`(6,950)`
`(5,785)`
`(5,763)`
`(18,924)`
`(3,147)`
`(2,500)`
`(2,500)`
`(30)`
`(30)`
`-`
`(1,159)`
`(3,300)`
`(1,290)`
`(412)`
`(1,257)`
`(187)`
`4,813`
`(3,170)`
`(290)`
`(71,440)`
`(47,754)`
`(489,236)`
`4,145`|
|---|---|---|
```
continued...
```
```
Page 20
```
```
ST WERBURGH'S DERBY
```
```
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024
```
## **`14. MOVEMENT IN FUNDS - continued`**
## **`Comparatives for 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 21
```
```
ST WERBURGH'S DERBY
```
```
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024
```
## **`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`**
`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`
`£`
`398,237`
`-`
`398,237`
`-`
`-`
`-`
`-`
`20`
`20,000`
`-`
`7,050`
`1,383`
`1,630`
`4,000`
`2,705`
`1,493`
`1,000`
`39,281`
`437,518`|`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
`(416,566)`
`(18,329)`
`(38,545)`
`(38,545)`
`(455,111)`
`(56,874)`
`(285)`
`(285)`
`(2,472)`
`(2,472)`
`(28,206)`
`(28,206)`
`(6,950)`
`(6,950)`
`(5,785)`
`(5,765)`
`(17,410)`
`2,590`
`(2,500)`
`(2,500)`
`(7,116)`
`(66)`
`(558)`
`825`
`(1,630)`
`-`
`(4,053)`
`(53)`
`(557)`
`2,148`
`(1,492)`
`1`
`(1,013)`
`(13)`
`(80,027)`
`(40,746)`
`(535,138)`
`(97,620)`|
|---|---|---|
## **`Unrestricted funds`**
```
Thenewbuildingfundreflectsmonieswhichhavebeendesignatedbythetrusteeswiththepurpose of
financing the new premises at 11-12 Friar Gate.
```
```
TheJerusalemFundreflectsmoniesreceivedfromtheJerusalemTrusttowardsoperationsandprojectsas a
resource church.
```
## **`Restricted funds`**
```
StrategicDevelopmentFunds (SDF) representfunds received from the ChurchCommissionersin relationto the
purchase,improvementand developmentof the church.This balancenow representsthe bookvalue of assets
purchased using the funding as described above.
```
```
Thebuildingfund(non-SDF)reflectsmoniesraisedwithinthecongregationandfromelsewheretowards the
purchaseofthechurchbuilding.Thisbalancenowrepresentsthebookvalueofassetspurchasedusing the
funding as described above.
```
```
TheCRTNewBuildingFundreflectsmoniesreceivedtoassistinpurchasingnewpartofthechurchin 2022.
This balance now represents the book value of assets purchased using the funding as described above.
```
```
continued...
```
```
Page 22
```
```
ST WERBURGH'S DERBY
```
```
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024
```
## **`15. EMPLOYEE BENEFIT OBLIGATIONS`**
```
ThecharityparticipatesinthePensionBuilderSchemesectionof CWPFforlaystaff.CWPFis administered by
theChurchofEnglandPensionsBoard,whichholdstheCWPFassetsseparatelyfromthoseofthe Employer
and other participating employers.
```
```
isacashbalanceschemethatprovidesalumpsumwhichmembersusetoprovidebenefitsat retirement.
Pensioncontributionsarerecordedinanaccountforeachmember.Discretionarybonusesmaybe added
beforeretirement,dependingoninvestmentreturnsandotherfactors.Theaccount,plusany 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 (2024: £10,678, 2023: £17,770).
```
```
A valuationof the Pension BuilderScheme is carriedout once every three years. The most recent valuation was
carried out as at 31 December 2022.
```
```
The next valuation is due as at 31 December 2025.
```
```
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.
```
## **`16. RELATED PARTY DISCLOSURES`**
```
Duringthe year, the charityentered into transactionswith RDX Pro-Audio,a tradingname of Simon Lewis who
is the husbandof trustee VivienneLewis. Purchasesof £1,213 (2023: £450) were made duringthe year and the
balance outstanding at the year end was £Nil (2023: £Nil).
```
```
Duringtheyear,thecharityenteredintotransactionswithEliteKitchens&Bathrooms(Cheadle)Ltd, a
companywho trusteeAndrewSavageis a directorof. Purchasesof £27,996(2023:£64) were made during the
year and the balance outstanding at the year end was £Nil (2023: £Nil).
```
```
Duringthe year, the charityenteredinto transactionswith CharlieKing who is the son of trusteeLindaKing for
himtoplayatSanctuary.Purchasesof£130(2023:£Nil)weremadeduringtheyearandthe balance
outstanding at the year end was £Nil (2023: £Nil).
```
```
Duringtheyear,thecharitymadedonationsto TOGS ClothingBankwhotrusteeAntheaPetersis the founder
of.Paymentsof £726.16(2023:£Nil)were madeduringtheyearandthebalanceoutstandingat theyear end
was £Nil (2023: £Nil).
```
```
Duringtheyear,thecharitypaidexpensestoAnnaMann,thewifeoftrusteeReverendPhilipMann, totalling
£685 (2023: £125).
```
```
Duringtheyear,thecharityalsopaidexpensestoHannahSams,thewifeoftrusteeBenjaminSams, totalling
£131(2023:£Nil).HannahSamsalsoreceivedgrossremunerationincludingemployerspension contributions
totalling £28,472 in the year (2023: £20,912).
```
```
Page 23
```
```
ST WERBURGH'S DERBY
```
## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024`**
|**`INCOME AND ENDOWMENTS`**
**`Donations and legacies`**
`Donations`
`Grants`
**`Investment income`**
`Interest on investments`
**`Other income`**
`Fundraising income`
`Subcontracted employees`
`Employment allowance`
**`Total incoming resources`**
**`EXPENDITURE`**
**`Charitable activities`**
`Trustees' salaries`
`Wages`
`Social security`
`Pensions`
`Delivery costs`
**`Support costs`**
**`Management`**
`Wages`
`Management costs`
**`Buildings & maintenance`**
`Buildings & maintenance`
**`Governance costs`**
`Accountancy fees`
`Consultancy fees`|`2024`
`£`
`328,917`
`143,995`
`472,912`
`6,307`
`1,480`
`7,682`
`5,000`
`14,162`
`493,381`
`2,097`
`65,722`
`8,746`
`10,678`
`273,134`
`360,377`
`41,790`
`22,312`
`64,102`
`58,961`
`4,770`
`1,026`
`5,796`|`2023`
`£`
`388,642`
`33,887`|
|---|---|---|
|||`422,529`
`4,664`
`5,325`
`-`
`5,000`|
|||`10,325`|
|||`437,518`
`-`
`73,286`
`11,820`
`17,770`
`297,609`|
|||`400,485`
`65,610`
`18,580`|
|||`84,190`
`45,663`
`4,800`
`-`|
|||`4,800`|
```
This page does not form part of the statutory financial statements
```
```
Page 24
```
```
ST WERBURGH'S DERBY
```
## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024`**
|`Total resources expended`
**`Net income/(expenditure)`**|`2024`
`£`
`489,236`
`4,145`|`2023`
`£`
`535,138`
`(97,620)`|
|---|---|---|
```
This page does not form part of the statutory financial statements
```
```
Page 25
```