ST ANDREW'S CHURCH SKIPTON ANNUAL REPORT & FINANCIAL STATEMENTS for the year ended 31Au ust 2022
ST ANDREW'S CHURCH SKIPTON REPORT OF THE CHURCH MEETING for the year ended 31 August 2022 A local Ecumenlcal Partnership in whith members of the Methodist Church and the United Reformed Church share in Worship. Fellowshlp, service and Mission Administrative Information The name of the church 15 St Andrews Church and it is a part of the Skipton & Grassington Methodist Circuit1271181. The church is a local Ecumenical Partnership between the Methodist Church and the United Reformed Church-the ownership of the buildin85 being vested in the United Reformed Church. Correspondence address: 3 Park Wood Close, Skipton. BD23 IQW Email: andrew.webb@methodist.or8.uk All correspondence should be addressed to the Church Correspondence Secretary (Rev A Webbl at the above address. Aim5 and Organisations As the people of God meeting at St Andrews, we share the conviction that God has a purpose for us to fulfil in our town and wider community. In seekin8 to learn more of God's will and purpose for us we believe that we are called: To worship God together To witness throu8h word and artion to the love and saving power of God in Jesus Christ and to make his Gospel known To love and encourage one another enabling our faith to grow To reach out in faith to the community in which we live and work and worship We seek to put this Mission Statement into practice through: The work of the whole people of God led by an ordained minister and a team of Steward-Elders appointed by the Church Meeting The trustees have complied with their duties under Section 4 of the 2006 Charities Act to pay due regard to the guidance issued by the Charity Commission on public benefit in decidin8 what activities the church should undertake. Governance The affairs of the church are managed by the Church Meetin8 which meets quarterly during the year. All those holding Methodist membership. United Reformed Church membership and joint membership are entitled to attend meeting5 and to vote. The Minister in pastoral charge of this Church is the Revd Andrew Webb.
ST ANDREW'S CHURCH SKIPTON REPORT OF THE CHURCH MEETING for the year ended 31 August 20ZZ Icontlnued) Revlew of progress and achlevements Number of Church Members: 99- 70 Methodist, 15 URC, 14Joint. The 12 months from August 2021 to 2022 have seen a return to the normal pattern of 'in person, worship and activities. Our worship is livestreamed which allows people to access it even when not attending. We have been explorin8 a closer workin8 relationship with Trinity Methodist Church In Skipton and hope that in time we will become one church together with shared mission and ministry. Other activities have continued like our very busy Well Being café, our playgroup and our café. Financial information The church continues to be financially viable and offers a considerable "share" towards the costs of ministry and maintenance of the work in the Circuit. The Church Treasurer is a member of the Finance and Property Committee and reports regularly to the Church Meeting. As a church we are working out ourvision, as to our future areas of mission and the best way to use of our buildin8S.
ST ANDREWS CHURCH SKIPTON OFFICERS: Mlnlster Revd Andrew Webb • The officers elected by Church members at the AGM are: CHURCH SECRETARY: TREASURER: PASTORAL SECRARYS. STEWARD ELDERS: TBA Rachel Coombes Jane Holmes• & Angela Walls Neil Platt. Margaret Charlton Helen Coombes * denotes a member of the Finance & Property Committee FINANCE & PROPERTY COMMIThEE: Other members: rim Crossley Secretary Judith Duxbury Jean Bedford Trusteeship The church building and hall are occupied on a formal basis with full running and maintenance costs bein8 borne by the Church Meeting. Parts of the hall are leased to various organisations on leases terminating within five years. The property is vested in the Yorkshire Congregational Union as custodian trustee. Any full member of our church can attend our church meetings and vote. Membership is via a commitment to a Christian Style of livinyJwor5hip and the church -receives- new members via a formal part of a service. The investments are vested in the Yorkshire Con8re8ational Union or the Central Finance Board of the Methodist Church and TMCP (Trustees of Methodist Church Purp05esl a5 CUStodian trustees. Review of the year Each activity operated within set budgets and 8enerated appropriate expected income. Membership shows a roll of 99 which is comprised of 70 Methodist members, 15 United Reformed Church members and 14 members holding joint recognition. Reserve5 policy Background Reserves are money lincomel given to the church which is freely available for our general purposes. Therefore, this policy covers our bank account and Central Finance Board ICFBI accounts. The definition of Reserves means that our restricted and endowment funds are excluded.
ST ANDREW'S CHURCH SKIPTON REPORT OF THE CHURCH MEETING for the year ended 31 August 2022 The pollcy The church aims to hold liquid reserve5 of the approximate equivalent of three quarterly circuit assessment payments plus £5k. This would be approximately £35k. Unrestricted funds less church property equals £101,058 at the year-end. which 15 above this level. The future use of our buildings is under constant review. Risk review The Finance and Property Committee have conducted a review of the major risks to which the church is exposed and systems have been developed to mitl8ate those risks. Procedures are in place to minimise internal risks and these procedures are periodically reviewed to ensure that they still meet the needs of the church. Statement of Trustees, responslbllltles Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charit(s financial artivities during the year and its position at the end of the year. In preparing those financial statements, the trustees are required to: 0 select suitable accountin8 policies and apply them consistently; o make judgements and estimates that are reasonable and prudent; 0 State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keepin8 accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Signed on behalf of the Church Meeting on Ll.04. 23 by: Revd A Webb Mrs R Coombes
ST ANDREWS CHURCH, SKIPTON INDEPENDENT EXAMINER'S REPORT TO THE CHURCH COUNaL OF ST ANOREWS CHURCH, SKIPTON I report on the finantial statements of St AndreWs Church. Skipton. for the year ended 31 Au8LlSt 2022 which are set out on pages 5 to 10. Respertive responsibilitles of the church members and examiner The church trustees are responsible for the preparation of the financial statements. The church trustees consider that an audit is not required for this year under section 144121 of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to- examine the financial statements under sertion 145 of the 2011 Act: to follow the procedures laid down in the General Directions gNen by the Charity Commission under section 1451Sllbl of the 2011 Act: and to state whether particular matters have corne to my attention Basis of independent examinerfs report My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the church and comparison of the finantial statements presented with those records. It also includes consideration of any unusual items or disc105ures in the financial statements and seeking explanations from you as members concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the financial statements present a "true and fair vievf and the report is limited to those matters set out in the statement below. Independent examlnerfs ststement In connection with of my examination. no matter has come to my attention: 11 which gives me rea50nable cause to believe thaL in any rnaterial respect. the requirements: to keep proper accounting records in accordance with section 130 of the 2011 Att; ènd to prepare financial statements which agree with the accounting records and comply with the accounting requirement5 of the 2011 Act have not been met. or 21 to which. in my opinion. attention should be drawn in order to enable a proper understanding of the financial statements to be reached. Julle rldgford FCA Keith Bridgford & Co The Rainhall Centre. Rainhall Road Barnoldswick Lancashire B818 5DR Date
ST ANDREW'S CHURCH SKIPTON STATEMENT OF FINAN IALA IVITIES for the year ended 31 August 2022 nrestricted Restricted Endowment Funds Funds Note 2021 Incoming resources Incoming resources from generated funds Voluntory income 2a Activities for generating funds 2b Investment income 2c Incoming resources from charitable activities 2d 77.669 25,885 28,310 77,669 25.885 28,324 58,299 18,290 7.980 14 147 124 14 147 138 Resources expended C05t of generating funds Investment management costs Charitable activities Governance costs 44,392 1,41Y) 89.5 44.392 1.400 89,500 780 136 072 32,640 1,312 56,656 750 3b 3c 3d 136 072 Net incomlng/{outgolnz) resources before transfers 11.052 14 11,066 5,684 Gross transfers between funds io Net incominE/loutgoinglresources before other recognised gains and losses 11,052 14 11,066 5,684 Revaluation of functional property ILossesl/Gains on investments 427.035 427,035 132,252) 302,148 41,789 132,2521 Net movement in funds 438,087 14 132.2521 405,849 349,621 Total funds brought forward 5,427,930 5,639 280.593 5.714.162 5,364,541 Total funds carried forward 866 017 5 714 162 The attached notes fom part of these financial statements
ST ANDREW'S CHURCH SKIPTON 8ALANCE SHEET 31 August 2022 2022 2021 Note Fixed assets Tangible assets Investments 5.764.959 5,337,924 280 593 5,618,517 6,013,300 Current assets Debtor5 and prepayments Cash at bankand in hand 11,499 ,745 110.961 96,845 Credltors: amounts falling due within one year Creditors and accrued income Net current assets 106,711 95,645 Total assets less Current liabilitie5 6,120,011 5.714,162 Net assets 6 120 011 714 162 Represented by: Unrestrirted funds General fund URC Property fund 101,058 5,764,959 5,337,924 Restrfrted funds Prize funds Coffee shop le8ary fund 1,015 989 5,653 5.639 Endowmentfunds io 248,341 280,593 6 120 011 Approved on behalf of St Andrev/5 Church. Skipton on 21. 03. 13 by= Revd Andrew Webb Mrs Rachel Coombes The attached note5 fomi part of these financial statement5
ST ANDREW'S CHURCH SKIPTON NOTES TO THE FINANCIAL STATEMENT5 for the year ended 31 Augurt ZQ22 Accounting Policies Basi5 of preparation of flnanclal statements The accounts have been prepared in accordance with the Charities Act 2011 and applicable artounting standards, under the historical cost accounting rules and comply in all materlal matters with the Statement of Recommended Practice "Accountin8 and Reporting by Charitie5" revised 2005. The Financial Statements are prepared under the historical cost convention except for fixed and inve5trnents assets, which are included in the Financial Statements at their market value at the balance sheet date and the gain or loss is taken to the Statement of Financial Activities. Incoming resources Volunta Income Collections are retO8nised when received by or on behalf of the church. Planned giving under Gift Aid is recognisable only when received. Tax recoverable on Gift Aid donation5 is e5tirnated and recognised at the end of the financial year. Donations and legacies to the church are accounted for a5 50on as the ¢hurch is notified of its legal entltlement. the amount due Is quantifiable and its ultimate receipt by the church 15 reasonably certain. Income from investments Bank interest is aecounted fof when receivable. Dividends are accounted for when duè and payable. Gains and losses on investments Realised gains or losses are recognised when investments are sold. Unrealised gains or losses are accounted for on revaluation of investments ai 31 August. Outgoing resources Donations Donations ale ac¢ounted for when paid over, Of when awarded. if that award creates a binding obli8ation to the church. Activities directl relatin to the work of the church The payments to the Methodisi Church are accounteil for when due. Funds Unrestrirted funds represent the funds of the church whith a not subject to any restrictions regarding their use and are available for application on the general purposes of the church. Funds designated for a particular purpose by the church leg. The URC Property Fund) are also treated as unrestrirted. Endowment fund capital must be rnaintaine(l except where the church members decide to convert endowed capital into income for use on the property. Any income on this capltal can be applied for any purpose. Restricted fvnds are those funds that must be spent on restrirted purposes and details of the furhds held and restrictlons are provided in note 10. Flxed assets Tangible fixed assets (excluding investments) are functional assets used for tharitable purposes and are stared at a valuation based on the most recent insurart valuation. Investments Investments are valued at market value. Current assets Short term deposits include cash held on deposit wrth The Yorkshire Con8fe8ation Union. The Trustees for Methodist Church Purposes, the Central Finance Board of the Methodist Church or at the bank.
io ST ANDREW'S CHURCH SKIPTON NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 August 2022 contd. nrestricted Restricted Endowment 2022 2022 2022 Totsl 2022 Total 2021 2. Incoming resources al Volunta Income Collections cash Collections- envelopes Covenants- envelopes Income tax recoverable Legacies and donations 3.238 7,122 36.460 11.5C(J 3,238 7,122 36.460 11,500 4,750 6,090 33,381 8,730 bl Activities f eneratin fund Rents receivable & room letting5 Coffee shop sales Fund raising events 22,428 3,197 260 22,428 3,197 260 18,183 107 cl Investment In Unit trust incorne Quoted investment income Insurance claim re COVID Bank interest & dividends io io 7,135 21,064 115 187 7,680 7.135 21,064 iii 113 14 dl Incomin resources from charitable activities Playgroup fees CJRS grant 15.260 15.260 11,671 802 260 3. Resources expended al Costs of eneratin fund Coffee shop t05ts Property repairs & maintenance Heat, light & water Cleaning & materials Equipment Insurance Legal & Professional costs 971 7.470 14.893 10.370 5,592 4.196 9CK) 971 7,470 14.893 10,370 5,592 4,196 900 332 6,143 9,CA)O 8,220 4.065 3,965 915 bl Investment mana Management fees ement cost cl Charitable activiti Payments to United Reformed Church Payments to Methodist Circuit Payment to Pension Reserve Fund Mission & charity donations Office & administration costs Sundry expenses Playgroup staff 2.090 55.oc 1,7(M) 4,S22 3.209 3.427 2,090 55,000 1.700 4,522 3,209 3,427 3,140 30,OCQ 3,210 3,497 2,310 dl Governance costs Independent examination fee
ST ANDREW'S CHURCH SKIPTON NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 August 2022 contd. stsff costs No employee earned more than £60.C*X) pa. No officers of the churth received any remuneraiion or expenses from the thurth. The playgroup had three full time members of staff during the year. 5. Tangible fixed aets Land & Buildin Value At I September 2021 Revaluation in year At 31 AuBUSt 2022 5.337.924 427 035 5 764 959 Depreclatlon At I September2021 & at 31 August 2022 Net book value At 31 August 2022 At 31 August 2021 5 764 959 5 337 924 The church building and hall are now ¢¢gniSed in the accounts at their estimated market value. 6. Investments 2022 Carrying market value at I September2021 Less net deficit on revaluation Carrying market value at 31 Au8USt 2022 280,593 2022 2021 At market value.. UK Bonds Quoted Stocks Cash in hand of fund rnanèger5 7,710 Z30,584 10,047 8,811 163,220 8,562 Market value carried forward 280 593 The historical cost of the investments is £198.55612021= £198.5561 7. Debtors 2022 2021 Income tax recoverable Other debtor5 & prepayments 11,499 8.730 8. Liabllitles: Amounts falling due wlthln one year Accruals 2022 2021
12 ST ANDREW'S CHURCH SKIPTON NOTE5 TO THE FINANCIAL STATEMENTS for the year ended 31 August 2022 contd. Unrestricted Funds Restricted Funds Endowment Funds Total 9. Analy515 of a55ets by fund Fixed assets Current assets Current liabilities 5,764,959 105.308 14.2501 248,341 6,013,300 110.961 14.2501 5.653 66 12 10. Funds Unrestricted fund Funds included in the balance sheet amounting to £4,55812021'. £6,193) are designed for specific groups within the church. The URC Property Fund is unrestricted and can be used in the same way as the general fund. Restrirted funds The Prize fund is held to provide income for prize5. The Muriel Hyde fund can only be spent on Coffee Shop issues as detemiined by their Committee from time to time. Endowment funds The General, School and Inglis fund provide income for general purposes. The Prize fund is held with the endowment to provide income for prizes. Transfers from Endowment can only be used for the repair/improvement/upkeep of the buildings and this is conscientiously policed by URC Head Office. Fun anal sis 8alan Brou rward Incomin Resources ReSOLirces Ex nded Transfers ain L055es Balance Carried Forward Unrestrlcted funds General fund URC Property Fund 90.006 5,337.924 147.124 136.072 101.058 427,035 5,764.959 Restrlcted fund5 Prize fund Muriel Hyde legacy fund 989 4,650 26 1,015 4,638 12 Endowment fvnds General purposes School Inglis Bequest Prize fund 90,622 128,633 60.158 111.3961 112,4761 18.3181 62 343 937 6 120 011 79,226 116,157 51,840 5 714 162 97 11. Related party transactions There were no related party tran5artions during the year except for fee5 of £55.(MJ)12021-. £30.CKJ)I which were paid to the Skipton and Grassington Methodist Church127/181 of which St Andre5 Church 15 a member.