COLLEGIATE CHURCH OF ST MARY STAFFORD FINANCIAL ACCOUNTS Registered Charity 1175903 for the year ended 31 December 2022
COLLEGIATE CHURCH OF ST MARY STAFFORD
STATEMENT OF FINANCIAL ACTIVITIES AND FUND SUMMARY
for the year ended 31 December 2022
| STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Designated Funds Funds £ £ INCOMING RESOURCES Grants 10,162 2,037 Voluntary income 54,519 7,455 Activities for generating funds - 12,581 Fees-Weddings and Funerals 7,780 - Investment income 11,478 - TOTAL INCOMING RESOURCES 83,939 22,073 RESOURCES EXPENDED Cost of generating funds - - - Charitable activities 79,830 27,385 TOTAL RESOURCES EXPENDED 79,830 27,385 Transfers between funds (7,850) 7,850 NET MOVEMENT IN FUNDS (3,741) 2,538 Fund balances brought forward 65,706 59,224 FUND BALANCES CARRIED FORWARD 61,965 61,762 SUMMARY OF FUNDS Income Expenditure Surplus Transfers / (Deficit) UNRESTRICTED FUNDS General Fund 83,939 79,830 4,109 (7,850) DESIGNATED FUNDS Adult Choir - 110 (110) 312 Boiler Fund 1,255 - 1,255 (1,255) Coffee Concerts 3,420 3,178 242 - Children's Choir - - - 98 Children's Ministry - - - (98) Fabric Fund 782 782 2,465 Flower Fund 180 275 (95) - Kickstart - - - (597) One World Group 988 - 988 - Parish Office 6,287 19,096 (12,809) 12,809 Traidcraft 1,048 1,199 (151) - Christmas Tree Festival 8,113 3,527 4,586 (4,674) Special Projects Reserve - - - (1,210) 22,073 27,385 (5,312) 7,850 TOTAL FUNDS 106,012 107,215 (1,203) - |
STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Designated Funds Funds £ £ INCOMING RESOURCES Grants 10,162 2,037 Voluntary income 54,519 7,455 Activities for generating funds - 12,581 Fees-Weddings and Funerals 7,780 - Investment income 11,478 - TOTAL INCOMING RESOURCES 83,939 22,073 RESOURCES EXPENDED Cost of generating funds - - - Charitable activities 79,830 27,385 TOTAL RESOURCES EXPENDED 79,830 27,385 Transfers between funds (7,850) 7,850 NET MOVEMENT IN FUNDS (3,741) 2,538 Fund balances brought forward 65,706 59,224 FUND BALANCES CARRIED FORWARD 61,965 61,762 SUMMARY OF FUNDS Income Expenditure Surplus Transfers / (Deficit) UNRESTRICTED FUNDS General Fund 83,939 79,830 4,109 (7,850) DESIGNATED FUNDS Adult Choir - 110 (110) 312 Boiler Fund 1,255 - 1,255 (1,255) Coffee Concerts 3,420 3,178 242 - Children's Choir - - - 98 Children's Ministry - - - (98) Fabric Fund 782 782 2,465 Flower Fund 180 275 (95) - Kickstart - - - (597) One World Group 988 - 988 - Parish Office 6,287 19,096 (12,809) 12,809 Traidcraft 1,048 1,199 (151) - Christmas Tree Festival 8,113 3,527 4,586 (4,674) Special Projects Reserve - - - (1,210) 22,073 27,385 (5,312) 7,850 TOTAL FUNDS 106,012 107,215 (1,203) - |
Total Total 2022 2021 £ £ 12,199 27,649 61,974 70,065 12,581 1,521 7,780 6,231 11,478 7,612 |
|---|---|---|
| 106,012 113,078 |
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| - 6,000 127,474 |
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| 107,215 133,474 |
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| - - |
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| (1,203) (20,396) 124,930 145,326 |
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| 123,727 124,930 Balance Closing from Balance 2021 2022 65,706 61,965 (202) - - - 6,879 7,121 (98) - 1,780 1,682 (3,247) - 337 242 597 - 226 1,214 - - 618 467 88 - 52,246 51,036 59,224 61,762 124,930 123,727 |
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| - 110 (110) 312 1,255 - 1,255 (1,255) 3,420 3,178 242 - - - - 98 - - - (98) 782 782 2,465 180 275 (95) - - - - (597) 988 - 988 - 6,287 19,096 (12,809) 12,809 1,048 1,199 (151) - 8,113 3,527 4,586 (4,674) - - - (1,210) |
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| 22,073 27,385 (5,312) 7,850 106,012 107,215 (1,203) - |
(1)
COLLEGIATE CHURCH OF ST MARY STAFFORD FINANCIAL ACCOUNTS
for the year ended 31 December 2022
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 2023 – 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 2022, 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 11[th] January 2023 Ashfield, Bradley Lane, Bradley, Stafford ST18 9DP
COLLEGIATE CHURCH OF ST MARY STAFFORD
BALANCE SHEET
As at 31 December 2022
| CURRENT ASSETS Bank Current Accounts CAF Bank Virgin Money Stafford Railway Building Society CCLA Deposit Accrued Income CURRENT LIABILITIES Creditor (Rental Deposit) Accrued Expenses (Note 2) NET CURRENT ASSETS TOTAL ASSETS WHICH REPRESENT Unrestricted funds Designated funds TOTAL FUNDS |
£ 41,290 2 93,882 2,851 - 138,025 2,905 11,393 14,298 123,727 £123,727 61,965 61,762 £123,727 |
£ |
|---|---|---|
| 24,059 2 93,542 2,851 8,299 |
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| 128,753 | ||
| (2,905) (918) 124,930 |
||
| £124,930 | ||
| 65,707 59,223 |
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| £124,930 |
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. 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.
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Donation to be paid .
(2)
COLLEGIATE CHURCH OF ST MARY STAFFORD INCOME AND EXPENDITURE ACCOUNT
COMBINED FUNDS for the year ended 31 December 2022 (for information only –this statement does not form part of the statutory accounts)
| INCOME 2022 2021 VOLUNTARY INCOME Pledged Giving 30,106 30,508 Loose Plate Collections 5,547 1,759 Collections at Special services 2,345 2,644 Giving through Wall Safe 1,301 13 Votive Candle Box 146 - Donations and Appeals 2,740 10,367 Tax recovered on Gift Aid 6,171 7,980 Legacies 1,000 - Queen Elizabeth Grant 9,652 8,674 59,008 61,945 GRANTS 4,254 27,649 OTHER CHURCH INCOME Coffee Concerts 3,485 1,116 After Service Coffee 717 51 Christmas Tree Festival 8,194 - Bookstall 4 15 Church & Church Hall Lettings 4,561 2,115 One World Group 988 - Traidcraft Sales 1,048 407 Magazine Income 175 175 19,172 3,879 INVESTMENT INCOME Bank and Investment Income 478 279 Rent from Land and Buildings 11,000 7,333 11,478 7,612 FEES Statutory Fees, Weddings &Funerals 7,780 6,231 7,780 6,231 CONTRIBUTIONS TO PARISH OFFICE - St Chad's 3,600 5,400 - St Leonard's 720 360 4,320 5,760 TOTAL INCOME 106,012 113,076 £106,012 £113,076 |
2022 2021 30,106 30,508 5,547 1,759 2,345 2,644 1,301 13 146 - 2,740 10,367 6,171 7,980 1,000 - 9,652 8,674 |
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 OTHER EXPENDITURE Magazine Expenses & Printing Upkeep of services Administration and other expenses Literature/Hymn Books Traidcraft purchases Christmas Tree Festival KickStart Coffee concert costs CAPITAL WORKS New Heating Boiler FUND RAISING COSTS DONATIONS MADE Donations to Charities PARISH OFFICE COSTS Expenses TOTAL EXPENDITURE DEFICIT |
2022 2021 40,000 40,000 |
|---|---|---|---|
| 3,726 2,754 13,561 13,548 1,100 990 |
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| 18,387 17,292 |
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| 5,579 7,554 8,905 7,897 |
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| 59,008 61,945 |
14,484 15,451 |
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| 4,254 27,649 |
110 110 4,099 37,825 |
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| 3,485 1,116 717 51 8,194 - 4 15 4,561 2,115 988 - 1,048 407 175 175 |
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| 4,209 37,935 |
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| 140 140 2,623 1,272 508 425 522 790 1,199 444 2,527 - 403 2,911 1,129 |
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| 19,172 3,879 |
10,430 4,603 |
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| 478 279 11,000 7,333 |
- 1,754 - 6,000 1,140 - |
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| 11,478 7,612 |
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| 7,780 6,231 |
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| 7,780 6,231 |
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| 1,140 - |
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| 18,565 10,437 |
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| - St Chad's - St Leonard's TOTAL INCOME |
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| 4,320 5,760 |
18,565 10,437 |
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| 106,012 113,076 |
107,215 133,472 ( 1,203) ( 20,396) |
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| £106,012 £113,076 |
£106,012 £113,076 |
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