FLOWERY FIELD CHURCH FINANCIAL STATEMENTS
- for the year ended -
31 DECEMBER 2022
Registered Charity No. 215190
FLOWERY FIELD CHURCH, REGISTERED CHARITY NUMBER 215190
FOR THE YEAR ENDED 31[ST] DECEMBER 2022
INDEX
| Page | |
|---|---|
| Legal and administrative information | 1 |
| Trustees’ report | 2 - 3 |
| Independent Examiners Report | 4 |
| Statement of Financial affairs | 5 |
| Balance Sheet | 6 |
| Notes to the accounts | 7 |
FLOWERY FIELD CHURCH CHARITY NUMBER 215190
LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31[ST] DECEMBER 2022
| Registered Charity Number | 215190 |
|---|---|
| Address | Newton Street |
| Hyde | |
| Cheshire | |
| SK14 4NP | |
| Accountants and Independent Examiners | Scott Roberts Taylor & Co |
| Central Buildings | |
| 5-7 Corporation Street | |
| Hyde | |
| Cheshire | |
| SK14 1AG | |
| Bankers | Lloyds Bank PLC |
| Hyde Branch | |
| Clarendon Square | |
| 2-6 Clarendon Place | |
| Hyde | |
| SK14 2QZ | |
| Royal Bank of Scotland Plc | |
| Market Place | |
| Hyde | |
| Cheshire | |
| SK14 2LX | |
| Investment Managers | Brewin Dolphin |
| 1 The Avenue | |
| Spinningfields Square | |
| Manchester | |
| M3 3AP |
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FLOWERY FIELD CHURCH CHARITY NUMBER 215190
TRUSTEES’ REPORT FOR THE YEAR ENDED 31[ST] DECEMBER 2022
The trustees present their report and financial statements for the year ended 31[st] December 2022.
NAME AND NATURE OF ASSOCIATION
The name of the Association is FLOWERY FIELD CHURCH
The Charity is unincorporated.
The Charity’s registration number is 215190
The Church is an independent, non-denominational, ecumenical; Free Christian Church set up by a Trust Deed dated 1878. The building has been designated by the Local Authority, Tameside M.B.C., as a Grade II Listed Building of special architectural and historic interest. Services are held each Sunday and people of any denomination are welcome to attend. The Church is also available to all members of the local community for Weddings, Funerals and Baptisms and in the grounds is a Garden of Remembrance for the scattering of cremated remains. The Church is used for holding musical events, e.g. Organ Recitals and Concerts by Choirs and Brass Bands, etc.
OBJECTIVES AND ACTIVITIES
The primary responsibility of the Trustees is the maintenance and upkeep of the Church building and grounds. The administration of the Church affairs and the organisation of Services are carried out by a separate Committee, elected annually by the Congregation.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Specific Investment Powers
The powers are to invest the monies of the charity not immediately required for its purpose in or upon such investments securities as may be thought fit subject nevertheless to such conditions (if any) that may for the time being be imposed or required by law.
Organisational Structure
There are currently five trustees including one chairperson and are as listed at the Charity Commission.
Officers
The officers of the Church are:Chairperson: Mrs P M Abbott Secretary: Mrs C A Redfern Treasurer: Mr J N Heywood
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FLOWERY FIELD CHURCH CHARITY NUMBER 215190
TRUSTEES’ REPORT FOR THE YEAR ENDED 31[ST] DECEMBER 2022
EXAMINATION OF ACCOUNTS
The charity exceeds the threshold to require an independent examiners report and have therefore appointed Scott Roberts Taylor and Co.
The Trustees wish to record their gratitude to Mr. Adrian P. Brooks of Scott Roberts Taylor & Co, Chartered Certified Accountants, for acting as Independent Examiner of the accounts and also for his advice regarding presenting the accounts in a format suitable for submission to the Charity Commission.
FINANCIAL REVIEW
Investments
The Trustees have appointed Brewin Dolphin to manage our investment portfolios, with a specific instruction that investing should only be on a medium risk basis. A review of the investment portfolios takes places annually between the Trustees representatives and Brewin Dolphin.
The investments made by Brewin Dolphin continued to pay dividends this year yielding £6,583 (2021 £6044).
The value of the investments fell during the year by almost 16% although there has been some recovery since the balance sheet date. Brewin Dolphin continue to advise the trustees on a regular basis on the management of the investments.
Income and Expenditure
A few years ago a Joint Pastorate Agreement was entered into with Hyde Chapel whereby each pays 50% of the Stipend and other costs involved in maintaining the Rev Eric W Breeze as the Joint Minister. However, Rev.Breeze retired on 28[th] February 2023 and so the arrangement with Hyde Chapel will end in the next financial year. The Church intend to invite guest preachers and lay preachers to take services for the foreseeable future.
The Chuch has had a significant legacy in the year and received a number of large donations. These donations have enabled the Church to have a new heating system installed at a cost of £31,481.
TRUSTEES
The Trustees are appointed for life unless they wish to retire. During the past year there has been no change in the membership of the Trust and, at the end of the year, there remain the five Trustees listed on the Charity Commission website.
TRUSTEES RESPONSIBILITIES
The Trustees are responsible for the keeping of accounting records and the preparation of financial statements which give a true and fair view of the state of affairs of the charity as at the end of the financial year end of the surplus or deficit of the charity for that period. The Charities Act 2011 requires the Charity to ensure that the accounting records disclose with reasonable accuracy the financial position of the Charity. In doing so the Trustees are required to select appropriate accounting policies and apply them consistently, making judgements and estimates that are reasonable and prudent, observe the methods and principles of the Charities SORP (FRS 102) 2019 and to prepare the financial statements on a going concern basis unless it is inappropriate to presume that the company will continue in business
On behalf of the Trustee
…………………………………………… Chairperson – Mrs P M Abbott
Approved by the Trustees:
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FLOWERY FIELD CHURCH, REGISTERED CHARITY NUMBER 215190
Independent Examiners Report
Report to the trustees of Flowery Field Church (Charity number 215190) on the accounts for the year ended 31[st] December 2022, which are set out on pages 3-6.
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 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
-
Examine the account under section 145 of the Charities Act.
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To follow the procedures laid down in the General Directions given by the Charity Commission (under section 145 (5) (b) of the Charities Act) and
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To state whether particular matters have come to my attention.
Basis of independent examiner’s statement
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 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 the trustees 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 accounts present a true and fair view 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:
-
(1) which give me reasonable cause to believe that in any material respect the requirements:
-
to keep accounting records in accordance with section 130 of the Charities Act: and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act. Have not been met: or
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(2) To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed……………………………………………….. Date
Name: Adrian P. Brooks Qualification F.C.C.A
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FLOWERY FIELD CHURCH, REGISTERED CHARITY NUMBER 215190
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31[ST] DECEMBER 2022
| Unrestricted | Total | Total | |
|---|---|---|---|
| Income | Funds | Funds | |
| 2022 | 2021 | ||
| £ | £ | £ | |
| Incoming Resources | |||
| Incoming resources from generated Funds: | |||
| Investment Income | 6,583 |
6,583 | 6,044 |
| Loss/Gain on disposals of investments | (7,146) | (7,146) | 9,987 |
| (563) |
(563) | 16,031 | |
| Incoming resources from charitable activities: | |||
| Collections |
3,350 | 3,350 | 7,086 |
| Subscriptions |
143 | 143 | 119 |
| Donations and Legacies |
64,689 | 64,689 | 1,442 |
| Wedding Fees |
1,350 | 1,350 | 540 |
| Funerals and Garden of Remembrance | 1,405 | 1,405 | 454 |
| Baptism Fees |
823 | 823 | 240 |
| 100 Club |
488 | 488 | 585 |
| Spring/Christmas Fair |
3,499 | 3,499 | 1,968 |
| Hall rent |
180 | 180 | 70 |
| Bequest |
- | - | 1,000 |
| Chalice funds |
159 | 159 | ___-_ |
| 76,086 | 76,086 | 13,504 | |
| Total Incoming Resources |
75,523 | 75,523 | 29,535 |
| Resources Expended: | |||
| Costs of generating funds | |||
| Investment management costs |
3,367 | 3,367 | 3,504 |
| Direct Charitable Expenditure | |||
| Contribution to Joint Pastorate Fund |
18,000 |
18,000 | 7,500 |
| Guest Preacher Fees and expenses |
370 | 370 | 50 |
| Cleaner |
954 | 954 | 446 |
| Organist |
1,398 | 1,398 | 500 |
| Grounds Maintenance |
1,117 | 1,117 | 1,002 |
| Telephone, Stationery & Sundries |
592 | 592 | 264 |
| Heat, Light & Water |
4,137 | 4,137 | 1,674 |
| Insurance | 4,507 | 4,507 | 5,163 |
| Repairs incl New Heating System | 34,881 | 34,881 |
1,492 |
| Envelopes | 53 | 53 | 63 |
| Donations net of Retiring Collections |
235 | 235 | 210 |
| 66,244 | 66,244 | 18,364 | |
| Governance Costs | |||
| Independent Examiners Fee |
720 | 720 | 660 |
| Total Resources Expended |
70,331 | 70,331 | 22,528 |
| Net Incoming/(Outgoing) Resources | 5,192 |
5,192 | 7,007 |
| Unrealised (Loss)/Gain on Investments |
(46,361) | (46,361) | 19,006 |
| Net Movement in Funds |
(41,169) | (41,169) | 26,013 |
| Fund Balances brought forward 2021 | 818,100 | 818,100 | 792,087 |
| Fund Balances carried forward 2022 | 776,931 | 776,931 | 818,100 |
| 5 |
FLOWERY FIELD CHURCH, REGISTERED CHARITY NUMBER 215190
BALANCE SHEET AS AT 31[ST] DECEMBER 2022
| Unrestricted Income Funds £ FIXED ASSETS Buildings 384,041 Investments at Market Value 333,535 717,576 CURRENT ASSETS Lloyds Current Account Trustees 35,415 RBS Current Account Congregation 6,830 Balance held by Brewin Dolphin 16,539 Dividends received held by Brewin Dolphin 571 59,355 NET CURRENT ASSETS 59,355 NET ASSETS 776,931 Represented by: FUNDS: Unrestricted Income Funds: General Reserve Surplus 776,931 |
2022 Total Funds £ 384,041 333,535 717,576 35,415 6,830 16,539 571 59,355 59,355 776,931 776,931 |
2021 Total Funds £ 384,041 397,007 781,048 18,762 7,986 9,941 363 37,052 37,052 818,100 818,100 |
|---|---|---|
The financial statements on pages 3 to 6 were approved by the trustees on
Signed on behalf of the Board:
Chairman: ……………………… Mrs P M Abbott Treasurer: ……………………… Mr J N Heywood
The accompanying accounting policies and notes on page 7 form part of the financial statements.
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FLOWERY FIELD CHURCH, REGISTERED CHARITY NUMBER 215190
NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31[ST] DECEMBER 2022
PRINCIPAL ACCOUNTING POLICIES
1.a Basis of Accounting
These accounts have been prepared on the basis of historic cost (except that investments are shown at market value) in accordance with Accounting and Reporting by Charities-Statement of Recommended Practice (FR 102) 2019 and with Accounting Standards (except that freehold land & buildings and those with a long useful life are not depreciated): and with the Charities Act 2011.
1.b Accounting Policies
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Income from Investments is recorded when receivable.
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Expenditure is included in the accounts on an accruals basis.
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Quoted Investments have been valued at market value at the balance sheet date.
2. Trustees and Employees Emoluments
None of the trustees or officers received any emoluments during the year.
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