COLLEGIATE CHURCH OF ST MARY STAFFORD FINANCIAL ACCOUNTS Registered Charity 1175903 for the year ended 31 December 2023
COLLEGIATE CHURCH OF ST MARY STAFFORD
STATEMENT OF FINANCIAL ACTIVITIES AND FUND SUMMARY
for the year ended 31 December 2023
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 2024 – 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 2023, 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 20[th] January 2024 Ashfield, Bradley Lane, Bradley, Stafford ST18 9DP
COLLEGIATE CHURCH OF ST MARY STAFFORD
STATEMENT OF FINANCIAL ACTIVITIES AND FUND SUMMARY
for the year ended 31 December 2023
| STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Designated Funds Funds £ £ INCOMING RESOURCES Grants 10,184 250 Legacy - 5,000 Voluntary income 55,016 5,773 Activities for generating funds 593 20,176 Church Lettings 8,470 - Fees-Weddings and Funerals 6,674 - Investment income 13,304 - TOTAL INCOMING RESOURCES 94,241 31,199 RESOURCES EXPENDED Cost of Generating Funds - 10,294 Charitable activities 96,565 21,693 TOTAL RESOURCES EXPENDED 96,565 31,987 Transfers between funds (6,185) 6,185 NET MOVEMENT IN FUNDS (8,509) 5,397 Fund balances brought forward 61,965 61,762 FUND BALANCES CARRIED FORWARD 53,456 67,159 SUMMARY OF FUNDS Income Expenditure Surplus Transfers / (Deficit) UNRESTRICTED FUND General Fund 94,241 96,565 (2,324) (6,185) DESIGNATED FUNDS Arts Festival 4,859 4,647 212 (212) Coffee Concerts 3,462 1,912 1,550 - Children's Ministry/Junior Choir 250 254 (4) - Flower Fund - 150 (150) - One World Group 1,354 1,886 (532) - Parish Office 4,320 18,837 (14,517) 14,517 Traidcraft 99 566 (467) - Christmas Tree Festival 11,855 3,735 8,120 (8,120) Special Projects /Fabric Fund 5,000 - 5,000 - 31,199 31,987 (788) 6,185 TOTAL FUNDS 125,440 128,552 (3,112) - |
STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Designated Funds Funds £ £ INCOMING RESOURCES Grants 10,184 250 Legacy - 5,000 Voluntary income 55,016 5,773 Activities for generating funds 593 20,176 Church Lettings 8,470 - Fees-Weddings and Funerals 6,674 - Investment income 13,304 - TOTAL INCOMING RESOURCES 94,241 31,199 RESOURCES EXPENDED Cost of Generating Funds - 10,294 Charitable activities 96,565 21,693 TOTAL RESOURCES EXPENDED 96,565 31,987 Transfers between funds (6,185) 6,185 NET MOVEMENT IN FUNDS (8,509) 5,397 Fund balances brought forward 61,965 61,762 FUND BALANCES CARRIED FORWARD 53,456 67,159 SUMMARY OF FUNDS Income Expenditure Surplus Transfers / (Deficit) UNRESTRICTED FUND General Fund 94,241 96,565 (2,324) (6,185) DESIGNATED FUNDS Arts Festival 4,859 4,647 212 (212) Coffee Concerts 3,462 1,912 1,550 - Children's Ministry/Junior Choir 250 254 (4) - Flower Fund - 150 (150) - One World Group 1,354 1,886 (532) - Parish Office 4,320 18,837 (14,517) 14,517 Traidcraft 99 566 (467) - Christmas Tree Festival 11,855 3,735 8,120 (8,120) Special Projects /Fabric Fund 5,000 - 5,000 - 31,199 31,987 (788) 6,185 TOTAL FUNDS 125,440 128,552 (3,112) - |
Total Total 2023 2022 £ £ 10,434 12,199 5,000 - 60,789 57,413 20,769 12,581 8,470 4,561 6,674 7,780 13,304 11,478 |
|---|---|---|
| 125,440 106,012 |
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| 10,294 - 118,258 107,215 |
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| 128,552 107,215 |
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| - - |
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| (3,112) (1,203) 123,727 124,930 |
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| 120,615 123,727 Balance Closing from Balance 2022 2023 61,965 53,456 - - 7,121 8,671 1,682 1,678 242 92 1,214 682 - - 467 - - - 51,036 56,036 61,762 67,159 123,727 120,615 |
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| 31,199 31,987 (788) 6,185 125,440 128,552 (3,112) - |
(1)
COLLEGIATE CHURCH OF ST MARY STAFFORD
BALANCE SHEET
As at 31 December 2023
| CURRENT ASSETS Bank Current Accounts CAF Bank Virgin Money Stafford Railway Building Society CCLA Deposit CURRENT LIABILITIES Creditor (Rental Deposit) Accrued Expenses (Due to Diocese) NET CURRENT ASSETS TOTAL ASSETS WHICH REPRESENT Unrestricted funds Designated funds TOTAL FUNDS |
2023 £ 25,535 2 96,015 2,851 124,403 2,905 883 3,788 120,615 £120,615 53,456 67,159 £120,615 |
2022 £ |
|---|---|---|
| 41,290 2 93,882 2,851 |
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| 138,025 | ||
| (2,905) (11,393) |
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| 123,727 | ||
| £123,727 | ||
| 61,965 61,762 |
||
| £123,727 |
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, grants, bequests and the tax refund from Gift Aided donations are accounted for when received by the council.
(2)
COLLEGIATE CHURCH OF ST MARY STAFFORD INCOME AND EXPENDITURE ACCOUNT
COMBINED FUNDS for the year ended 31 December 2023 (for information only –this statement does not form part of the statutory accounts)
| INCOME 2023 2022 VOLUNTARY INCOME Pledged Giving 29,707 30,106 Loose Plate Collections 3,604 5,547 Collections at Special services 5,682 2,345 Giving through Wall Safe - 1,301 Votive Candle Box 990 146 Donations and Appeals 5,447 2,740 Tax recovered on Gift Aid 9,633 6,171 Legacies 5,000 1,000 Queen Elizabeth Grant 8,934 9,652 68,997 59,008 GRANTS 2,850 4,254 OTHER CHURCH INCOME Coffee Concerts 3,462 3,485 After Service Coffee 593 717 Christmas Tree Festival 11,895 8,194 Music Festival 3,421 - Bookstall - 4 Church & Church Hall Lettings 8,470 4,561 One World Group 1,354 988 Traidcraft Sales 99 1,048 Magazine Income - 175 29,294 19,172 INVESTMENT INCOME Bank and Investment Income 2,304 478 Rent from Land and Buildings 11,000 11,000 13,304 11,478 FEES Statutory Fees, Weddings &Funerals 6,674 7,780 6,674 7,780 CONTRIBUTIONS TO PARISH OFFICE - St Chad's 3,600 3,600 - St Leonard's 720 720 4,320 4,320 TOTAL INCOME 125,439 106,012 £125,439 £106,012 |
2023 2022 29,707 30,106 3,604 5,547 5,682 2,345 - 1,301 990 146 5,447 2,740 9,633 6,171 5,000 1,000 8,934 9,652 |
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 Piano Maintenance Church Maintenance OTHER EXPENDITURE Printing,Stationery & Advertising Upkeep of services Administration and other expenses Adult and junior choirs Catering Literature/Hymn Books,Streaming Traidcraft purchases Christmas Tree Festival Flower purchases Coffee concert costs DONATIONS MADE Donations to Charities PARISH OFFICE COSTS Expenses TOTAL EXPENDITURE DEFICIT |
2023 2022 37,495 40,000 |
|---|---|---|---|
| 2,932 3,726 19,048 13,561 2,570 1,100 |
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| 24,550 18,387 |
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| 13,840 5,579 9,528 8,905 |
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| 68,997 59,008 |
23,368 14,484 |
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| 2,850 4,254 |
1,660 110 8,331 4,099 |
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| 3,462 3,485 593 717 11,895 8,194 3,421 - - 4 8,470 4,561 1,354 988 99 1,048 - 175 |
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| 9,991 4,209 |
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| 862 140 2,367 2,623 497 508 590 - 942 - 603 522 - 1,199 3,485 2,527 150 - 1,912 2,911 |
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| 29,294 19,172 |
11,408 10,430 |
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| 2,304 478 11,000 11,000 |
- 2,902 1,140 |
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| 13,304 11,478 |
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| 6,674 7,780 |
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| 6,674 7,780 |
2,902 1,140 |
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| 18,837 18,565 |
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| - St Chad's - St Leonard's TOTAL INCOME |
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| 4,320 4,320 |
18,837 18,565 |
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| 125,439 106,012 |
128,551 107,215 ( 3,112) ( 1,203) |
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| £125,439 £106,012 |
£125,439 £106,012 |
(3)