COLLEGIATE CHURCH OF ST MARY STAFFORD FINANCIAL ACCOUNTS Registered Charity 1175903 for the year ended 31 December 2021
COLLEGIATE CHURCH OF ST MARY STAFFORD
STATEMENT OF FINANCIAL ACTIVITIES AND FUND SUMMARY
for the year ended 31 December 2021
| STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Funds £ INCOMING RESOURCES Grants 26,649 Voluntary income 64,285 Activities for generating funds - Fees-Weddings and Funerals 6,231 Investment income 7,612 TOTAL INCOMING RESOURCES 104,777 RESOURCES EXPENDED Cost of generating funds 6,000 Charitable activities 114,952 TOTAL RESOURCES EXPENDED 120,952 Transfers between funds (12,589) NET MOVEMENT IN FUNDS (28,764) Fund balances brought forward 94,470 FUND BALANCES CARRIED FORWARD 65,706 SUMMARY OF FUNDS Income Expenditure UNRESTRICTED FUNDS General Fund 104,777 120,952 DESIGNATED FUNDS Adult Choir - 110 Boiler Fund - - Coffee Concerts 1,114 1,128 Children's Choir - - Children's Ministry - - Fabric Fund - - Flower Fund - - Kickstart 1,000 403 One World Group - - Parish Office 5,780 10,437 Traidcraft 407 444 Christmas Tree Festival - - Special Projects Reserve - - 8,301 12,522 TOTAL FUNDS 113,078 133,474 |
STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Funds £ INCOMING RESOURCES Grants 26,649 Voluntary income 64,285 Activities for generating funds - Fees-Weddings and Funerals 6,231 Investment income 7,612 TOTAL INCOMING RESOURCES 104,777 RESOURCES EXPENDED Cost of generating funds 6,000 Charitable activities 114,952 TOTAL RESOURCES EXPENDED 120,952 Transfers between funds (12,589) NET MOVEMENT IN FUNDS (28,764) Fund balances brought forward 94,470 FUND BALANCES CARRIED FORWARD 65,706 SUMMARY OF FUNDS Income Expenditure UNRESTRICTED FUNDS General Fund 104,777 120,952 DESIGNATED FUNDS Adult Choir - 110 Boiler Fund - - Coffee Concerts 1,114 1,128 Children's Choir - - Children's Ministry - - Fabric Fund - - Flower Fund - - Kickstart 1,000 403 One World Group - - Parish Office 5,780 10,437 Traidcraft 407 444 Christmas Tree Festival - - Special Projects Reserve - - 8,301 12,522 TOTAL FUNDS 113,078 133,474 |
Designated Total Total Funds 2021 2020 £ £ £ 1,000 27,649 44,221 5,780 70,065 64,471 1,521 1,521 1,746 - 6,231 5,446 - 7,612 6,084 8,301 113,078 121,968 - 6,000 212 12,522 127,474 108,382 12,522 133,474 108,594 12,589 - - 8,368 (20,396) 13,374 50,856 145,326 131,952 59,224 124,930 145,326 Balance Closing Surplus Transfers from Balance / (Deficit) 2020 2021 (16,175) (12,589) 94,470 65,706 (110) - (92) (202) - 6,783 (6,783) - (14) 6,893 6,879 - - (98) (98) - - 1,780 1,780 - - (3,247) (3,247) - - 337 337 597 - - 597 - - 226 226 (4,657) 5,806 (1,149) - (37) - 655 618 - - 88 88 - - 52,246 52,246 (4,221) 12,589 50,856 59,224 (20,396) - 145,326 124,930 |
Total Total 2021 2020 £ £ 27,649 44,221 70,065 64,471 1,521 1,746 6,231 5,446 7,612 6,084 |
|---|---|---|---|
| 113,078 121,968 |
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| 6,000 212 127,474 108,382 |
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| 133,474 108,594 |
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| - - |
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| (20,396) 13,374 145,326 131,952 |
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| 8,301 12,522 113,078 133,474 |
(1)
COLLEGIATE CHURCH OF ST MARY STAFFORD FINANCIAL ACCOUNTS
for the year ended 31 December 2021
CONTENTS
Pages 1 Statement of Financial Activities and Fund Summary
2 Balance Sheet and Notes on the financial accounts
3 Income and Expenditure Account – Combined Funds (for information only)
I approve these accounts and confirm that I have made available all relevant records and information for their preparation.
Date 2022 – Treasurer
INDEPENDENT EXAMINER’S REPORT TO THE PAROCHIAL CHURCH COUNCIL
I report on the accounts of the Collegiate Church of St Mary Stafford for the year ended 31[st] December 2021, which are set out on pages 1 and 2.
As a Church Council you are responsible for the preparation of the accounts and you consider that the audit requirement of section 144(2) of the Charities Act 2011 (the Charities Act) does not apply and that an independent examination is needed.
It is my responsibility to examine the accounts under section 145 of the Charities Act; to follow the procedures laid down in the general Directions given by the Charity Commissioners under section 145(5)(b) of the Charities Act and to state whether any particular matters have come to my attention.
BASIS OF INDEPENDENT EXAMINER’S REPORT
My examination was carried out in accordance with the General Directions given by the Charity Commission. That examination includes a review of the accounting records kept by the Council and a comparison of the accounts with those records. It also includes considering any unusual items or disclosures in the accounts and seeking explanations from you as Church Councillors concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts and the report is limited to those matters set out in the statement below.
INDEPENDENT EXAMINER’S STATEMENT
In connection with my examination, no matter has come to my attention:
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(1) which gives me reasonable cause to believe that in any material respects the requirements
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to keep accounting records in accordance with section 130 of the Charities Act; or the accounts did not accord with the accounting records; or
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the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirements that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
B C Lloyd FCA 24[th] January 2022 Ashfield, Bradley Lane, Bradley, Stafford ST18 9DP
COLLEGIATE CHURCH OF ST MARY STAFFORD
BALANCE SHEET
As at 31 December 2021
| CURRENT ASSETS Bank Current Accounts CAF Bank Virgin Money Stafford Railway Building Society CCLA Deposit Accrued Income CURRENT LIABILITIES Creditor (Rental Deposit) Accrued Expenses NET CURRENT ASSETS TOTAL ASSETS WHICH REPRESENT Unrestricted funds Designated funds TOTAL FUNDS |
2021 £ 24,059 2 93,542 2,851 8,299 128,753 2,905 918 3,823 124,930 £124,930 65,707 59,223 £124,930 |
2020 £ |
|---|---|---|
| 52,983 2 93,402 2,851 - |
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| 149,238 | ||
| (2,905) (1,007) 145,326 |
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| £145,326 | ||
| 94,470 50,856 |
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| £145,326 |
NOTES ON THE FINANCIAL STATEMENTS
1 ACCOUNTING POLICIES
The financial statements have been prepared under the historical cost convention as modified by the revaluation of investments, and are in accordance with applicable accounting standards, and the Charities Accounting Statement of Recommended Practice (SORP). There have been no changes on the accounting policies.
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a All expenditure is accounted for gross, and when incurred. Donations made are included in the year in which they are paid. Those expenses, which are attributable to two or more expense headings, are apportioned between those headings on an appropriate basis.
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b Donations and bequests are accounted for when received by the council. The exception being the receipt of the 2021 Queen Elizabeth Grant in January 2022 treated as accrued income. Income includes income tax, received and recoverable.
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c The tax refund from Gift Aided donations is no longer treated as accrued income (as in previous years) but is taken into account when received.
(2)
COLLEGIATE CHURCH OF ST MARY STAFFORD INCOME AND EXPENDITURE ACCOUNT
COMBINED FUNDS for the year ended 31 December 2021 (for information only –this statement does not form part of the statutory accounts)
| INCOME 2021 2020 VOLUNTARY INCOME Pledged Giving 30,508 30,241 Loose Plate Collections 1,759 1,443 Collections at Special services 2,644 1,072 Giving through Wall Safe 13 668 Votive Candle Box - 205 Donations and Appeals 10,367 14,429 Tax recovered on Gift Aid 7,980 - Legacies - - Queen Elizabeth Grant 8,674 8,500 61,945 56,558 GRANTS 27,649 44,221 OTHER CHURCH INCOME Coffee Concerts 1,116 1,236 After Service Coffee 51 210 Christmas Tree Festival - 300 Bookstall 15 - Church & Church Hall Lettings 2,115 2,274 One World Group - 171 Traidcraft Sales 407 870 Magazine Income 175 275 3,879 5,336 INVESTMENT INCOME Bank and Investment Income 279 584 Rent from Land and Buildings 7,333 5,500 7,612 6,084 FEES Statutory Fees, Weddings &Funerals 6,231 5,446 6,231 5,446 CONTRIBUTIONS TO PARISH OFFICE - St Chad's 5,400 3,600 - St Leonard's 360 720 5,760 4,320 TOTAL INCOME 113,076 121,965 £113,076 £121,965 |
2021 2020 30,508 30,241 1,759 1,443 2,644 1,072 13 668 - 205 10,367 14,429 7,980 - - - 8,674 8,500 |
EXPENDITURE PARISH SHARE STIPENDS AND EXPENSES Wedding and funeral fees - Diocese Organist, verger and other fees Choir and Bell Ringers Fees UTILITIES AND INSURANCE Church Utilities Church Insurance MAINTENANCE Organ and Choir Expenses Church Maintenance Cleaning OTHER EXPENDITURE Advertising and Publicity Magazine Expenses & Printing Upkeep of services Administration and other expenses Literature/Hymn Books Traidcraft purchases KickStart Coffee concert costs CAPITAL WORKS New Heating Boiler FUND RAISING COSTS DONATIONS MADE Donations from Special Collections Donations to Charities St John Jerusalem Eye Hospital PARISH OFFICE COSTS Expenses TOTAL EXPENDITURE SURPLUS/(DEFICIT) |
2021 2020 40,000 29,755 |
|---|---|---|---|
| 2,754 2,757 13,548 8,722 990 413 |
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| 17,292 11,892 |
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| 7,554 10,971 7,897 5,740 |
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| 61,945 56,558 |
15,451 16,711 |
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| 27,649 44,221 |
110 645 37,825 13,229 - 304 |
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| 1,116 1,236 51 210 - 300 15 - 2,115 2,274 - 171 407 870 175 275 |
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| 37,935 14,178 |
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| - 355 140 156 1,272 788 425 377 790 1,566 444 612 403 - 1,129 904 |
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| 3,879 5,336 |
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| 279 584 7,333 5,500 |
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| 4,603 4,758 |
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| 1,754 20,367 |
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| 7,612 6,084 |
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| 6,231 5,446 |
6,000 212 |
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| 6,231 5,446 |
- 215 - 468 - 1,256 |
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| - 1,939 |
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| 10,437 8,779 |
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| - St Chad's - St Leonard's TOTAL INCOME |
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| 5,760 4,320 |
10,437 8,779 |
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| 113,076 121,965 |
133,472 108,591 ( 20,396) 13,374 |
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| £113,076 £121,965 |
£113,076 £121,965 |