Parochial Church Council St. Catharine's, Houghton Annual Report and Financial Statements for the year ended 31 December 2022 (registered as a charity in England and Wales: number 1196545) 11Pag
Parochial Church Council St. Catharine's, Houghton Contents Page Legal and adminlstrative infomiation Trustee report Independent examlners report ststement of trustees. responsibiltties Statement of comprehensive i10me Statement of changes In reserves Statement of flnancial position Notes to the financial statements 10-12 21Pag•
Parochial Church Council St. Catharine's, Houghton Legal and administrative information For the year ended 31 December 2022 Chariues r¢#tstr•ti nber. 1196545 IEn8land and Wales) Foundatlon dat•: 2 January 1957 Governlng document: Parochial Church Council Powers Measure119561 as amended, and Church Representatlon Rulesthat came into forteon 2 January 1957 Re8lslered address: St. Catharfne's Church. Maln Street. Houghton-on-the Hlll. LCeSterShIre LE7 9GB Webslte: https.'Ilwww.stcatharlneschurch.co.uk/ Contsrt: Team Vlcar 0116 2416895 or 07977298838 Current trustees: Name Reverend S Ransl M J Evans P Ajackson l E Oldham RW B Morrlson Dshaw M Welsh Date appolnted l June 2019 20 November 2020 14 September 2023 20 November 2020 220rtober 2020 12January 2023 17 May 2023 Bankers: Natlonal Westminster Bank plc l Granby Street Leicester, LEI 6EJ Independent examlner: P.5. Collin5 Bsc FCA 5 wea Close Blllesdon, Le1$ter$hsre LE7 9DY 31Pag•
Parochial Church Council St. Catharine's, Houghton Trustees, Report For the year ended 31 December 2022 The Trustees present their Annual Report and the financial statements fof the year to 31 December 2022. The 8o¥eming document of the charity is the Parochial Churth Council Powers Measure119561 as amended and the Church Representation Rules that came Into force on 2 January 1957. It is registered as a charity under Charity Commission reference number 1196545. The Charity is currently manage(1 by seven trustees. The trustees confirm that the accounts comply wlth current statutory reqljirements and with the goveming d¢xument. Oryanlsatlon St Catharine's Church is a thurch forthe people of HOughton4-thHlll in Leicestershire. We are part of the Church of England and follow Jesus in the An81ican way. We are a community of imperfect people from all kinds of backgrounds united by Jesus Christ. seeking to live our lives for him and make a differen to those around us. CharitalAe i>bJe¢ts The oblertive of the charity is to promote in the ecclesiastical parish the whole mission of the church. There have been no changesduring the yearto the charitvs objectives ortothe policiesadopted in orderto achieve those objectives. Rlsk management Thetrustee5 understand thatthey havea dutyto identlfy and revlewthe risksto whlchthecharltyls exposed. and to ensure appfoprlate controls are in place to provide reasonable assurance against fraud and error. The charivs capital is prinapally held in bank accounts which the trustees regularty monitor. It Is the pollcy of the charlty to maintaln a balance of unrestricted funds equal to at least 9 months unre5trirted expenditure. As at 31 December 2021 the ratlo was only margin311y lower at 8.9 months= 2022 2021 Unrestricted funds (see paAe 91 £58mO £73.441 Expenditure 8m5 £91,474 Funds held as a ratlo of expenditure 8.9 mt)nths 9.6 months 41P•g•
Parochial Church Council St. Catharine's, Houghton Trustees. Report (continued) For the year ended 31 December 2022 Revlew ofthe Iorne of the trust continues to be derlved from donation5. rental income and gran Income for the year totaled £68,916 {2021- E107,9131, a year-on-year de(aSe of 36%. Regular giving incomè, including gEft aid, was in line with last year, but grant income was £32,202 lower. Expenditure for the year totsled £83.77612021: £132,265), of which the Parish Share was £38,88012021: £32,40013nd the youth W0er c05t £26,625 12021: £29.7681. The overall v¢[lOn in expenditure was mainly due to £52,798 of spend on building restoration and re-ordering in 2021 not being repeated in 2022. Overall, a net deficft of £16.032 was reported for the year12021.. deficit of £23.2071. Net assets, prinapally being cash at bank, tota5ed £92.298 as of 31 December 202212021.. £108,330}. Trustees The followlng served as trustees duri the perkid from l January 2022 up to the date of si8nin8 of these rinanclal ststements on 20 August 2024. servlng throughout the whole period unles5 Otherwise stated: CurrentUS Ut 20 August2024 Resignedsince l Jonuory2022 Reverend S Ran51ey H Brown Iresigned 4 Aprll 20221 M J Evans C Evans (appointed 25 Aprll 2022. resigned l April 20241 P Ajackson (appointed 14 September 20231 Professor A M Fry (resigned l April 20241 l E Oldham Gilford Ifeslyd l January 20221 RW B Morrison Hunt (resigned 25 April 20231 D Shaw (appointed 12 January 20231 T Moore (resigned 25 April 20221 M Welsh lappolnted 17 May 20231 S Noble13ppx)inted 25 April 2022, resigned 28 September 20231 Scase (resigned l February 2022) M Scase (resigned l February 20221 As noted above, rtain trustees at the date of this Por Including the Treasurer. were not appointed until aftei 31 December 2022.The currentTreasLtrer. P Ajackson, did nottherefore have oversight of the numbe behind these financial statsments at the time that they were produced in 2022. On behalf of theTrustee5 P AJackson- Trustee 20 August 2024 SIPag•
Independent examiners report to the Trustees of the Parochial Church Council St. Catharine's. Houghton I report on the annual financial statements of the Parochial Church Coundl St. Cathwlne's, Houghton (The Charity'l. for the year ended 31 Dember 2022, which are set out on pages 8 to 12. Re5pe¢d¥e responbIlItIeS of trustees and examlne The charitvs trustees are responslble for the preparation of the flnanclal statements. The charis trustee5 consider that an audit is not requi for thls year (under section 144121 of the Charities Act 20111the 2011 Attl and that an independent examinatlon is needed. It is my responsibilty as examiner to- Examine the financial statements under sectlon 145 of the 2011 Art: To follow the procedures laid down in the Gera1 Directions given by the Charity Commissioners (under sertiofi 14515llbl of the 2011 Attl,. and To State whether particltlar matters have corne to my attention. l am qualified to undertake the examination by being a qualified member of The Institute of Chartered Accountants in England and Wales. Basls of independent examlner< report My examinatlon wa5 carried out in accordan with the General Directions glven by the Charity Commission. An examination includes 3 revlew of the accounting record5 kept by the charity and a comparison of the accounts presented with those record5. It also includes consideration of any unusual Items or dlsclosures In the financial st*ements, and seeking explanation5 from you as trustees concemin8 any such matters. The procedures undertaken do not provide all the evldence that would be required in an audit. and consequently no opinion is given as to whether the financial statements present a 'true and fair ¥e and the report is limited to those matters set out In the statements below. Independent Examlb)•rs Statsment I have completed my examination. In connettion with my examlnatlon. except as noted below. no matter has come to my attention". l. Which gives me reasonable cause to believe that In any material respett the requlrements to keep accountlng records in accordance with Section 130 of the 2011 Act: and to Prepa financial statements which accord wfth the accounting records and to comply with the accountin8 requirements of the 2011 Act have not been met.. or It should be noted however that, due to various changes to Treasurer during the past couple of years. not all paperwofk. such as purchase invoices, was made available for my inspettion. 2. to which, in my opinion, attentlon should be drawn In or(leT to enable a proper understanding of the financial statements to be athed. Paul Colllns Bsc FCA Independent Accountsnt 5 Weare Close. Billesdon. Leicestershire LE7 9DY 20 August 2024 8IPago
Parochial Church Council St. Catharine's, Houghton ststement of trustees. responsibilities The charrfs trustees are responsible for preparing an annual report and financial statements in accordance with applicable law and Unlted Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Prathicel. The law appllcable to charitres in England ènd Wales, and the provislon5 of the chariVs constitution, requlres the charlS trustees to prepare financial statements for each year whlch give a true and fair view of the state of affairs of the charity and of the incomin8 resources and appliGltion of resource5 of thE charity for that period. In preparing the flnanclal ststements. thetrustees are required to: selert suitable atcountlng pollcles and then apply them consistentty. observe the methods and principles in the Charltles Statement of Recommended Prattice I"SOAVI. make jud8ements and estimates that are reasonable and prudent. stste whether appllcable accountlng standards have been followed, sublert to any material departures disclosed and explained in the financial statements. prepare the financlal statements on the going concern basis unless It Is Inappropriate to presume that the charity will continue kn business. The trustees are responsible for keepin8 proper accounting records that dlsdose with reanable accuracv at any tlme the financial position of the charny and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charty IAccounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also ponsible for safeguarding the assets of the tharity and hence for taking reasonable steps for the prevention and deiectlon of fraud and other irregularsties. On behalf of the Trustees P A Jackson- Trustee 20 August 2024 71Page
Parochial Church Council St. Catharine's. Houghton Statement of comprehensive income For the year ended 31 December 2022 2022 2022 2021 Unre5tritteil RestrT¢ted Tot*1 Total Income Inote 11 Income from church artivitie5 Inote 31 Investment income 62,461 243 5.527 67.988 928 107, 676 237 62,704 6,212 68.916 107,913 ExpendMure (note41 Unrestrirted Restritted 78,075 78,075 5,701 132.265 91,474 40,791 78A175 5,701 surp5/(defitI from actl¥ltl 115,3711 511 114A601 124,3521 Surplus/ldefKitl on revaluation of investmtnts Iresuktedl-note 2 11,1721 li,Ini 1.145 Totsl Idelkltl frythe ye 115,3711 16611 1140321 123,2071 Parochial Church Council St. Catharine's, Houghton Ststement of changes in reserves For the year ended 31 December 2022 Unrestrkted Restrirted Totsl reserves A5 at l January 2021 97,888 33.649 13L537 Total surplus/ldefKitl for the year 124.4471 1.240 1233071 As a131 Decqmber 2021 73.441 34.889 330 Totsl surpluslldefKitl forthe year 115.3711 16611 116.032) A5 at al Dec•mb•r 2012 58,070 34.228 81Pag•
Parochial Church Council St. Catharine's, Houghton Statement of financial position As at 31 December 2022 2022 2021 2020 Fl¥ed asset Investments (see note 2) Fixed interest fvnd, Central Board of Flnance Central Board of Finan COIF repair account Unrestricted Restricted 2,899 8.142 2,899 9.214 2,899 8,069 11,041 12.113 10,968 Current assets: Cash and cash equl¥alents Nat West General account Nat West number 2 acwunt Central Board of Finance ordinary account Central Board of Finance restor3tion dep051t account Unrestricted Unrestrlcted Unrestricted Restricted 33A87 555 Zi,ll9 26,086 41.469 8.218 20,855 25,675 67.730 6.416 20B43 25,580 Net current assets 81.257 96,217 120,569 Net assets 91298 108.330 131,537 Reser¥es ollotatlon {see page 81 Unrestricted Restrlcted Sa?0 73.441 34.889 97,888 33,649 Total reser¥es 92298 108,330 131,537 These financial statements, includtngthe notes on pages 10-12. were approved bythe tNstee5 and auihorised for issue on 20 Au8USt 2024, and are si8ned on their behalf bv.. R W B Morr1% Trustee P AJaL*son Trustee Charities number. 1196545 91Pag•
Parochial Church Council St. Catharine's, Houghton Notes to the Financial Statements For the year ended 31 December 2022 Accountlry pollcbps B•sls of wepayatlon The financial statements have been prepa in accordance with Accounting and Reporting by Charities: Statement of Recommended Prattice applicable to thaff(ies preparing their accounts in accordance with the Financial Reporting Stan(lard for Smaller Entities published on 16 July 2014, the Financial Rewrting Standard for Smaller Entities (FRE) and the Charities Act 2011 and UK Gènerally Attepted PratticÈ as applies from I. January 2015. The financial statement5 have been prepared to glve a ttrue and fairf view gnd have departed from the Charities IAcoiunts and Reportsl Regulations 2(K18 onty to the extent required to provide a 'true and fair vie. Golng concern The charl5 forecasts and projections show that the charity should be able to operate within the level of its current ta5h reserves. After making enquiries, the trustee5 have a rea50ftable expectation that the charity has adequate resources to continue in operational existen for the foreseeable future. The charity therefore continue5 to adopt the going concem basis in preparing its financbal statements. Intome and expendlture Income represents donation5 (together with Income tax repayable respett of tsx deducted at source), grants, income from Investments and Inte$t on deposits are induded in the financial statements when credited or due to be received. Expendlture is included in the financial statements on a cash basis when pald. ReSerS Funds specifically received for pro5ects and schemes li.e. 8ivirg for a specific cause), principally repairs and restoration. are deemed to be restricted. All other furKIs are unrestricted and are available for the general purposes of the charity. 10IPa9è
Parochial Church Council St. Catharine's, Houghton Notes to the Financial Statements (continued) For the year ended 31 December 2022 nvestments are ststed at thelr open market value, baseil on mid(ile market prices, with revaluation surpluses and defiats put through the Statement of Comprehensive Income. No open market value of the Fixed Interest Fund has been obtained since 2020. but values are not expected to be Material different to those disclosed below.. 2021 1.831 Shares In the Flxod Interest Fund at the caA Cenlral Board of Flnjn At I"January 2022 Revaluation 2,899 2.899 At 31° December 2022 2,899 2,899 448 Share5 In the COIF Charlty lfftveslment Fund At I" January 2022 Revaluation 9,214 11,1721 8,069 1,145 At 31° December 2022 8,142 9.214 COIF (harity Investment Fund Share prices Imid-marketl At I" January 2022 At 31" December 2022 £20.57 £18.17 £18.01 £20.57 In¢me from ¢hurch actlvltles: analws 2022 2021 Income Regular 8iving Donatlons Funeral and weddire fees Grants received Rents received Other income 49,321 1,737 6.188 49.217 4,105 4,391 37,202 2,147 10,614 4,294 1,448 Totsl Income 67,988 107,676 UnrestrScted Restrirted 62,461 5,527 66,7 40,886 Total Income 67,988 107.676 111Pag•
Parochial Church Council St. Catharine's, Houghton Notes to the Financial Statements (continued) For the year ended 31 December 2022 Expendlture: analys 2022 38,880 26,625 2021 32.4 29,768 5.052 4,358 52,698 7,989 Church activities- parish share Children and youth worker expenses Utilitie5 and insurance Mission and OLrtreach Restoration and re-ordering Other expenditure 1,591 10,016 Totsl expendlture 83,776 132,265 Unrestrfrted Restricted 78,075 5,701 91,474 40.791 Totsl expendltuie 83,T16 132,265 121Pagg