2022-12-31-accounts - The Church And Poor Lands In The Parish Of St Mary The Virgin, Devizes

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ST MARY’S (DEVIZES) CHURCH AND POOR LANDS CHARITY

ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2022

Charity Number: 201342

ST MARY’S (DEVIZES) CHURCH AND POOR LANDS CHARITY YEAR ENDED 31 DECEMBER 2022

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Contents
Charity Information 1
Independent Examiner’s Report 2
Statement of Financial Activities 3
Balance Sheet 4
Notes to the Accounts 5 - 8
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ST MARY’S (DEVIZES) CHURCH AND POOR LANDS CHARITY

CHARITY INFORMATION

Trustees	Mr I Sault (Chairman)
	Rev J Poston
	Mr A Sheppard
	Mrs A Cross
	Mr R Simpson
	Mr P Croft
	Mr I Brown
	Mr P Morgan
	Mrs J Scorer
Charity Number	201342
Clerk to the Trustees	Mrs P Broomfield
Charity Offices	46 Hillier Road
	Devizes
	Wiltshire
	SN10 2FB
Accountants	The Alanbrookes Group Ltd
	T/a J S Weeks & Co
	10 Market Place
	Devizes
	Wiltshire
	SN10 1HT
Main Bankers	HSBC
	45 Market Place
	Devizes
	Wiltshire
	SN10 1HZ

ST MARY’S (DEVIZES) CHURCH AND POOR LANDS CHARITY

Report of the Independent Examiner

To The Trustees of St Mary’s (Devizes) Church and Poor Lands Charity

I report on the accounts of the Charity for the year ended 31 December 2022, which are set out on pages 3 to 8.

Respective Responsibilities of Trustees and Examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year (under section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is needed.

It is my responsibility to:-

examine the accounts (under section 145 of the 2011 Act);
to follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the 2011 Act); and
to state whether 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 Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees 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.

Independent Examiner’s Statement

In connection with my examination, no matter has come to my attention:

which gives me reasonable cause to believe that in any material respect the requirements:
to keep accounting records in accordance with section 130 of the 2011 Act, and
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act,

have not been met; or

to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

……………………………… Mr A Fisher FCA

The Alanbrookes Group Ltd – T/A JS Weeks & Co 10 Market Place Devizes Wiltshire

20 July 2023

ST MARY’S (DEVIZES) CHURCH AND POOR LANDS CHARITY Statement of Financial Activities for the year ended 31 December 2022

		Repair	General	Almshouse
		Funds	Fund	Branch	Total	2021
	Notes	£	£	£	£	£
Incoming Resources
Property Income	2a	-	18,826	-	18,826	18,517
Investment Income	2b	25	91,250	48	91,323	85,280
Almshouse Contributions		-	-	31,775	31,775	30,370
		----------	----------	----------	----------	----------
Total Incoming Resources		25	110,076	31,823	141,924	134,167
		----------	----------	----------	----------	----------
Resources Expended
Expenditure:-
Overhead Expenses	3a	-	22,145	26,816	48,961	59,206
Church Share		-	54,894	-	54,894	53,209
		----------	----------	----------	----------	----------
Total Resources Expended		-	77,039	26,816	103,855	112,415
		----------	----------	----------	----------	----------
Net Income (Expenditure)
For The Year		25	33,037	5,007	38,069	21,752
Transfers Between Funds		6,700	(33,037)	26,337	-	-
		----------	----------	----------	----------	----------
Net Incoming Resources before
Recognised Gains and (Losses)		6,725	-	31,344	38,069	21,752
Other Recognised Gains
and (Losses)	4	-	(249,094)	497	(248,597)	257,404
		----------	----------	----------	-----------	----------
Net Movement of Funds		6,725	(249,094)	31,841	(210,528)	279,156
Total Funds Brought Forward		115,880	3,223,548	236,981	3,576,384	3,297,228
		----------	----------	----------	-----------	----------
Total Funds Carried Forward		122,605	2,974,454	268,822	3,365,881	3,576,384
		======	======	======	======	======

ST MARY’S (DEVIZES) CHURCH AND POOR LANDS CHARITY Balance Sheet As at 31 December 2022

				2022	2021
		Notes	£	£	£
Fixed Assets
Tangible Assets		5		478,023	478,023
Investments		6		2,561,037	2,786,034
				----------	----------
				3,039,060	3,264,057
Current Assets
Debtors and	Prepayments	7	2,203		1,645
Balances at Building Society
& COIF Deposit			316,171		297,925
Balances at Bank and Cash in Hand			30,989		30,678
			----------		----------
			349,363		330,248
			----------		----------
Creditors:-	Amounts falling due
	within one year	8	(22,567)		(17,921)
			----------		----------
				326,796	312,327
				----------	----------
Net Assets				3,365,856	3,576,384
				======	======
Fund Balances
General Fund			2,974,454		3,223,548
Almshouse Branch Fund			268,822		236,981
			----------		----------
				3,243,276	3,460,529
Designated	Funds
General Repairs Fund			3,800		3,698
Almshouse Repairs Fund			66,492		62,892
Almshouse Cyclical Maintenance			52,288		49,265
			----------		----------
				122,580	115,855
				----------	----------
				3,365,856	3,576,384
				======	======

These financial statements are prepared in accordance with the special provisions of Part VII of the Companies Act 1985 relating to small companies.

Approved by the officers on 20 July 20203 and signed on its behalf.

...................................... ...................................... Trustee Trustee

The notes on pages 4 to 7 form part of these accounts

ST MARY’S (DEVIZES) CHURCH AND POOR LANDS CHARITY Notes To The Accounts Year Ended 31 December 2022

1. Accounting policies Basis of preparation of accounts

The accounts are prepared under the historical cost convention.

The accounts have been prepared in compliance with Statements of Recommended Practice on Charity Accounts.

The charity has taken advantage of the exemption in Financial Reporting Standard No.1 from the requirement to produce a cash flow statement.

2. Incoming Resources

2a.	Property Income		Rent	Outgoings	Net	2021
						(Net)
			£	£	£	£
	Oxhouse Field		427	-	427	427
	Wayleave		39	-	39	39
	81 Victoria Road		8,160	-	8,160	7,851
	83 Victoria Road		10,200	-	10,200	10,200
			----------	----------	----------	----------
			18,826	-	18,826	18,517
			----------	----------	----------	----------
2b.	Investment Income	Repair	General	Almshouse
		Funds	Fund	Fund	Total	2021
		£	£	£	£	£
	Nationwide Interest	25	-	48	73	121
	NAACIF Income Shares	-	40,540	-	40,540	38,223
	Brewin Dolphin Portfolio	-	19,231	-	19,231	16,441
	COIF - Deposit Interest	-	1,449	-	1,449	18
	Fixed Interest Fund	-	5,103	-	5,103	5,769
	Property Fund	-	6,051	-	6,051	5,932
	Global Equity	-	10,592	-	10,592	10,608
	Ethical Investments	-	8,284	-	8,284	8,168
		----------	----------	----------	----------	----------
		25	91,250	48	91,323	85,280
		----------	----------	----------	----------	----------

ST MARY’S (DEVIZES) CHURCH AND POOR LANDS CHARITY Notes To The Accounts

Year Ended 31 December 2022

3.	Resources Expended
3a.	Overhead Expenditure	Repair		General	Almshouse
		Fund		Fund	Branch	Total	2021
			£	£	£	£	£
	Secretarial Fees		-	9,164	-	9,164	8,948
	Gardener - Wages and Expenses		-	2,646	-	2,646	3,256
	Insurance		-	2,167	-	2,167	2,050
	Water and Sewerage		-	1,326	-	1,326	1,272
	Central Heating and Gas		-	-	11,004	11,004	8,660
	Central Heating Maintenance		-	-	5,894	5,894	5,775
	General Expenses		-	1,256	1,990	3,246	2,338
	Audit Fees		-	1,920	-	1,920	1,800
	Lifeline Expenses		-	-	2,920	2,920	2,918
	Quinquennial Fees		-	3,666	-	3,666	-
	Repairs and Maintenance		-	-	5,008	5,008	22,189
		----------		----------	----------	----------	----------
			-	22,145	26,816	48,961	59,206
		----------		----------	----------	----------	----------
4.	Other Recognised Gains & (Losses)
		Repair		General	Almshouse
		Fund		Fund	Fund	Total	2021
			£	£	£	£	£
	Profit/(Loss) on Sale of Shares		-	(17,427)	-	(17,427)	11,186
	Proceeds on Sale of Land		-	-	-	-	19,779
	Revaluation of Investments
	(see Note 6)		-	(231,667)	497	(231,170)	226,439
		----------		----------	----------	----------	----------
			-	(249,094)	497	(248,597)	257,404
		----------		----------	----------	----------	----------
5.	Tangible Fixed Assets					Freehold	Property
						2022	2021
						£	£
	Freehold Properties:-
	81 Victoria Road, Devizes					251,161	251,161
	83 Victoria Road, Devizes					226,862	226,862
						----------	----------
	Cost as at 31 December 2022					478,023	478,023
						======	======

ST MARY’S (DEVIZES) CHURCH AND POOR LANDS CHARITY Notes To The Accounts Year Ended 31 December 2022

6. Investments

6. Investments
Market Value of Investments as at 31	December		2022	2021
			£	£
M&G Charity Fund Income Shares (1158278)			1,022,875	1,055,770
M&G Charity Fund Accumulation Shares (581/537)			68,704	64,607
Brewin Dolphin Portfolio			526,366	580,423
COIF Fixed Interest Units (151428)			175,944	201,127
COIF Property Income Units (108045)			120,309	136,589
COIF Global Equity Income Units (155313/86693)			380,967	443,931
COIF Ethical Investment Fund Units (97005)			265,872	303,587
			----------	----------
			2,561,037	2,786,034
			----------	----------
		General	Almshouse	Total
		Fund	Fund	2022
		£	£	£
Market Value of Investments as at 31 December 2021		2,721,427	64,607	2,786,034
Add:- Investments Purchased		20,000	3,600	23,600
Net Profit/(Loss) of Disposal of Shares		(17,427)	-	(17,427)
Unrealised Profit(Loss) on Investments		(231,667)	497	(231,170)
		----------	----------	----------
Market Value of Investments at 31 December 2022		2,492,333	68,704	2,561,037
		----------	----------	----------
	General	Almshouse
	Fund	Fund	Total	2021
At Cost	£	£	£	£
M&G Charity Fund Income
Shares (1158278)	730,023	-	730,023	730,023
M&G Charity Fund Accumulation
Shares (581/537)	-	44,485	44,485	40,885
Brewin Dolphin Portfolio	474,224	-	474,224	471,651
COIF:-
Fixed Interest Fund (151428)	200,000	-	200,000	200,000
Property Fund Units (108045)	121,000	-	121,000	121,000
Global Equity Fund (155313)	200,000	-	200,000	200,000
Ethical Investment Fund (97005)	175,133	-	175,133	175,133
	----------	----------	----------	----------
	1,900,380	44,485	1,944,865	1,938,692
	----------	----------	----------	----------

ST MARY’S (DEVIZES) CHURCH AND POOR LANDS CHARITY Notes To The Accounts Year Ended 31 December 2022

7.	Debtors and Prepayments		Almshouse
			Fund	Total	2021
			£	£	£
	Almshouse Contributions		1,890	1,890	1,645
	Prepayment		313	313	-
			----------	----------	----------
			2,203	2,203	1,645
			----------	----------	----------
8.	Creditors	General	Almshouse
		Fund	Fund	Total	2021
			£	£	£
	Church Branch	22,567	-	22,567	17,921
		----------	----------	----------	----------
		22,567	-	22,567	17,921
		----------	----------	----------	----------

9. Trustee Remuneration and Related Party Transactions

None of the Trustees received any remuneration or reimbursement of expenses during the year.

No Trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity during the year.