|||||Page||
|---|---|---|---|---|---|
|Report ofthe|Trustees||1|to|3|
|Independent|Examiner's|Report||||
|Statement of|Financial|Activities||||
|Balance Sheet||||||
|Notes to the|Financial Statements||7|to|12|
|Detailed Statement of Financial Activities|||13 to||14|
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||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Endowment|Total|Total|
||||||fund|fund|funds|funds|
|||||Notes|5||||
|INCOME AND ENDOWMENTS|||FROM||||||
|Investment
income||||2|76,069||76,069|92,168|
|Other income||||3|2,915||2,915|1,611|
|Total|||||78,984||78,984|93,779|
|EXPENDITURE ON|||||||||
|Charitable
activities|||||||||
|Church and vicarage||costs|||49,819|8,328|58,147|54,114|
|Other|||||7,900||7,900|7,890|
|Total|||||57,719|8,328|66,047|62,004|
|Net gains/(losses)|on investments||||(4,221)|(143,027)|(147,248)|117,058|
|NET INCOME/(EXPENDITURE)|||||17,044|(151,355)|(134,311)|148,833|
|Transfers
between||funds||10|(731)|731|||
|Net movement
in|funds||||16,313|(150,624)|(134,311)|148,833|
|RECONCILIATION||OF FUNDS|||||||
|Total funds brought||forward|||173,561|2,014,309|2,187,870|2,039,037|
|TOTAL FUNDS CARRIED FORWARD|||||189,874|1,863,685|2,053,559|2,187,870|
|||||2023|2022|
|---|---|---|---|---|---|
|||Unrestricted|Endowment|Total|Total|
|||fund|fund|funds|funds|
||Notes|E||6|F|
|FIXEDASSETS||||||
|Tangible assets|6|9,136|6,211|15,347|17,088|
|Investments|7|101,626|1,851,616|1 953242|2 111209|
|||110,762|1,857,827|1,968,589|2,128,297|
|CURRENT ASSETS||||||
|Cash at bank|8|81,110|5,858|86,968|61,495|
|CREDITORS||||||
|Amounts
falling due within one year|9|(1,998)||(1,998)|(1,922)|
|NET CURRENT ASSETS||79,112|5,858|84,970|59,573|
|TOTAL ASSETSLESSCURRENT||||||
|LIABILITIES||189,874|1,863,685|2,053,559|2,187,870|
|NET ASSETS||189,874|1,863,685|2,053,559|2,187,870|
|FUNDS|10|||||
|Unrestricted
funds||||189,874|173,561|
|Endowment
funds||||1,863,685|2,014,309|
|TOTAL FUNDS||||2,053,559|2,187,870|
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|||||2023|2022|
|---|---|---|---|---|---|
|||||6|f|
|Rents receivable||||82||
|UK listed investments|income|||75,984|92,168|
|Interest on Church of|England|Deposit Fund||3||
|||||76,069|92,168|
|OTHER INCOME||||||
|||||2023|2022|
||||||E|
|Grant from the Listed|Places|of Worship|grant scheme|2,915|1,611|
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|There were no
trustees'
expenses
paid for the year ended 31 January
2
31 January 2022.|There were no
trustees'
expenses
paid for the year ended 31 January
2
31 January 2022.|There were no
trustees'
expenses
paid for the year ended 31 January
2
31 January 2022.|023 nor for th|e year
ende|
|---|---|---|---|---|
|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES|||||
|||Unrestncted|Endowment|Total|
|||fund|fund
F|fundsf|
|INCOME AND ENDOWMENTS||FROM|||
|Investment
income||92,168||92,168|
|Other income||1,611||1,611|
|Total||93,779||93,779|
|EXPENDITURE ON|||||
|Charitable
activities|||||
|Church and vicarage|costs|54,114||54,114|
|Other||7,890||7,890|
|Total||62,004||62,004|
|Net gains on investments||10,382|106,676|117,058|
|NET INCOME||42,157|106,676|148,833|
|RECONCILIATION|OF FUNDS||||
|Total funds brought|forward|131,404|1,907,633|2,039,037|
##
|COMPARATIVES FOR THE|COMPARATIVES FOR THE|COMPARATIVES FOR THE|STATEMENT OF FINANCIAL|STATEMENT OF FINANCIAL|STATEMENT OF FINANCIAL|ACTIVITIES - continued|ACTIVITIES - continued||
|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted|Endowment|Total|
|||||||fund|fund|funds|
|||||||5|5|5|
|TOTAL FUNDS CARRIED FORWARD||||||173,551|2,014,309|2,187,870|
|TANGIBLE FIXEDASSETS|||||||||
|||||||Improvements|Fixtures||
||||||Freehold|to|and||
||||||property|property|fittings|Totals|
||||||E|E|E|E|
|COST|||||||||
|At 1 February 2022|and 31 January 2023||||6,211|11,244|4,473|21,928|
|DEPRECIATION|||||||||
|At 1 February 2022||||||422|4,418|4,840|
|Charge for year||||||1,686|55|1,741|
|At 31 January 2023||||||2,108|4,473|6,581|
|NET BOOK VALUE|||||||||
|At 31January 2023|||||6,211|9,136||15,347|
|At 31January 2022|||||6,211|10,822|55|17,088|
|The cost ofFreehold|Property||is made|up ofthe following:|||||
|Freehold
land at Smethwick||(including||Church and Church||Hall. The Church|Hall is known||
|as the Dorothy Parkes Centre|||and is let on||a ground lease)|||509|
|Freehold Vicarage||||||||5,702|
|||||||||6,211|
##
||Listed|
|---|---|
||investments|
||F|
|MARKET VALUE||
|At 1 February 2022|2,111,209|
|Additions|50,581|
|Disposals|(74,905)|
|Revaluations|(133,643)|
|At 31January 2023|1,953,242|
|NET BOOK VALUE||
|At 31January 2023|1,953,242|
|At 31January 2022|2,111,209|
##
|Holding|||||||Market Value||
|---|---|---|---|---|---|---|---|---|
||||||||31.01.23||
|The Central|Board|of Finance ofthe Church of|||||||
|England|||||||661,881||
|Investments|are allocated to the following|||funds:|||||
||||||||31.01.23|31.01.22|
|Unrestricted|General Income Fund||||||101,626|105,846|
|Permanent|Endowment||Fund||||1,851,616|2,005,363|
||||||||1,953,242|2,111,209|
|CASH AT BANK|||||||||
||||||||2023|2022|
|||||Unrestricted||Permanent|||
|||||General||Endowment|Total|Total|
|||||Income Fund||Fund|funds|funds|
|||||E|||6|6|
|Lloyds Bank pic||||80,745||2,240|82,985|59,212|
|The Central|Board|ofFinance ofthe|||||||
|Church of England||Deposit Fund||200|||200|200|
|EFG Harris|Allday|Clients' Accounts|||165|3,618|3,783|2,083|
|Total||||81,110||5,858|86,968|61,495|
##
##
|9.|CREDITORS: AMOUNTS|CREDITORS: AMOUNTS|CREDITORS: AMOUNTS|CREDITORS: AMOUNTS|CREDITORS: AMOUNTS|FALLING DUE WITHIN ONE|FALLING DUE WITHIN ONE|FALLING DUE WITHIN ONE|FALLING DUE WITHIN ONE|YEAR|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||2023|2022|
|||||||||||||E|
||Other creditors||||||||||1,998|1,922|
|10.|MOVEMENT||IN FUNDS||||||||||
|||||||||||Net|Transfers||
|||||||||||movement|between|At|
||||||||||At 1 222|in funds|funds|31.1.23|
||||||||||5|E|f|6|
||Unrestricted||funds||||||||||
||Unrestncted|General||Income|||Fund||173,561|17,044|(731)|189,874|
||Endowment||funds||||||||||
||Permanent|Endowment|||Fund||||2,014,309|(151,355)|731|1,863,685|
||TOTAL FUNDS||||||||2,187,870|(134,311)||2,053,559|
||Net movement||in funds,||included|||in the above are as follows:|||||
||||||||||Incoming|Resources|Gains and|Movement|
||||||||||resources|expended|losses|in funds|
||||||||||F|F|E||
||Unrestricted||funds||||||||||
||Unrestricted|General Income|||||Fund||78,984|(57,719)|(4,221)|17,044|
||Endowment||funds||||||||||
||Permanent|Endowment|||Fund|||||(8,328)|(143,027)|(151,355)|
||TOTAL FUNDS||||||||78,984|(66,047)|(147,248)|(134,311)|
||Comparatives||for movement||||in|funds|||||
||||||||||||Net||
||||||||||||movement|At|
|||||||||||At 1.2.21|in funds|31.1.22|
|||||||||||F|F|F|
||Unrestricted||funds||||||||||
||Unrestncted|General Income|||||Fund|||131,404|42,157|173,561|
||Endowment||funds||||||||||
||Permanent|Endowment|||Fund|||||1,907,633|106,676|2,014,309|
||TOTAL FUNDS|||||||||2,039,037|148,833|2,187,870|
##
||||||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|---|---|---|
||||||resources
6|expended
f|losses
f|in funds
F|
|Unrestricted|funds||||||||
|Unrestricted|General|Income||Fund|93,779|(62,004)|10,382|42,157|
|Endowment|funds||||||||
|Permanent|Endowment||Fund||||106,676|106,676|
|TOTALFUNDS|||||93,779|(62,004)|117,058|148,833|
##
##
##
|||||2023
f|2022
f|
|---|---|---|---|---|---|
|INCOME AND ENDOWMENTS||||||
|Investment
income||||||
|Rents receivable||||82||
|UK hated investments
income||||75,984|92,168|
|Interest
on Church of England|||Deposit Fund|3||
|||||76,069|92,168|
|Other income||||||
|Grant from the Listed Places of Worship||||||
|grant scheme||||2,915|1,611|
|Total incoming
resources||||78,984|93,779|
|EXPENDITURE||||||
|Charitable
activities||||||
|Vicarage expenditure||||1,372|14,125|
|Church and Churchyard|expenditure|||37,149|2,427|
|Insurance||||6,875|5,799|
|Chanty bread, garments|and bibles-|||||
|Smethwick
Old Church|(contribution)|||200|200|
|Chanty bread, garments|and bibles-|||||
|Harborne
Parish Church|(contribution)|||||
|Vicads stipend
and empioyers'|||NIC|||
|(contribution)||||1,179|29,850|
|Improvements
to property||||1,687|422|
|Depreciation
of fixtures|and|fittings||55|56|
|||||48,517|52,884|
|Support costs||||||
|Other||||||
|Legal and professional|fees|||7,871|7,850|
|Accountancy||||826|770|
|Investment
management||fees||8,328||
|||||17,025|8,630|
|Governance costs||||||
|Independent
examination||||505|490|
|Total resources expended||||66,047|62,004|
|Net income before gains||and|losses|12,937|31,775|
##
|||2023|2022|
|---|---|---|---|
|||8|E|
|Realised recognised|gains and losses|||
|Gains/Losses
on fixed|asset investments|(147,248)|117,058|
|Net (expenditure)/income||(134,311)|148,833|