##
##
|CONTENTS|||PAGE|
|---|---|---|---|
|Trustees Annual
Report||||
|Independent|examiner's|report to the trustees||
|Statement of|financialactivities|||
|Balance sheet||||
|Notes to the financial statements|||7-13|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||Unrestricted|Restricted|Total Funds|Total Funds|
|---|---|---|---|---|---|---|
||||Funds|Funds|2022|2021|
|||Note|E||||
|INCOIVIE AND ENDOWMENTS|FROM:||||||
|Donations and legacies|||23,087|53,960|77,047|68,001|
|Charitable
activities|||116,500||116,500|116,500|
|Investments|||34||34||
|Other|||6,936||6,396|6,590|
|TOTAL INCOME|||146,557|53,960|200,517|191,091|
|EXPENDITURE ON:|||||||
|Charitable
activities||6|(131,935)|(24,815)|(156,750)|(444,200)|
|TOTAL EXPENDITURE|||(131,935)|(24,815)|(156,750)|(444 200)|
|NET INCOME/(EXPENDITURE)||9|14,622|29,145|43,767|(253,109)|
|RECONCILIATION
OF FUNDS:|||||||
|Total funds brought forward|||1,380,434|4,815|1,385,249|1,638,358|
|TOTAL FUNDS CARRIED FORWARD|||1,395,056|33,960|1,429,016|1,385,249|
##
##
||||2022|2021|
|---|---|---|---|---|
|||||f.|
|FBIEDASSETS|||||
|Tangible assets||14|1,294,564|1,300,584|
|CURRENT A5SETS|||||
|Debtors|||178,581|184,441|
|Cash at bank|||67,533|15,298|
|CREDITORS: Amounts|falling due within one year|I|246,114
(92,052)|199,739
(91,705)|
|NET CURRENT LIABILmES|||154,062|108,034|
|TOTAL ASSETS LESSCURRENT UABII.ITIES|||1,448,626|1,408,618|
|CREDITORS: Amounts|falling due after more than||||
|one year|||(19,610)|(23369)|
|NET ASSETS|||1,429&016|1,385,249|
|FUNDS|||||
|Restricted Funds||18|33,960|4,815|
|Unrestricted
Funds||18|1,395456|1,380,434|
|TOTAL FUNDS|||1,429,016|1,385,249|
##
##
##
##
##
##
##
##
##
##
##
||Unrestricted|Unrestricted|Total Funds|Total Funds|
|---|---|---|---|---|
||Funds|Funds|2022|2021|
||E|f|f|E|
|Guest donations|3,697||3,697||
|Other donations|15,350|53,960|69,310|61,163|
|Gift aid|4,039||4,039|6,838|
||23,087|53,960|77,047|68,001|
##
||Unrestricted|Total Funds|Total Funds|
|---|---|---|---|
||Funds|2022|2021|
||E|f|f|
|Rental income||||
|Abbey House, Farnborough|104,500|104,500|104,500|
|St Michael's Abbey|12,000|12,000|12,000|
||116,500|116,500|116,500|
##
##
||UnrestrIcted|Total Funds|Total Funds|
|---|---|---|---|
||Funds|2022|2021|
|||f|E|
|Bank interest receivable|34|34||
|OTHER INCOME||||
||Unrestricted|Total Funds|Total Funds|
||Funds|2022|2021|
||f|f|E|
|Recycling income|||40|
|Allotment fees|6,936|6,936|6,550|
||6,936|6,936|6,590|
##
##
##
##
||||Activities|Management|||
|---|---|---|---|---|---|---|
||||undertaken|and|Total Funds|Total Funds|
||||directly|administration|2022|2021|
||||E||E|f|
|Management||and administration||47,255|47,255|47,580|
|Charitable|activities||109,495||109,495|396,620|
||||109395|47,255|156,750|444,200|
##
##
||||2022|2021|
|---|---|---|---|---|
||||E|E|
|Wages|||24,583|25,810|
|Household
provisions|||7,003|9,101|
|Light and heat|||35,095|21,029|
|Repairs and renewals|||22,007|281,748|
|Church and sacristy|||20,000|47,433|
|Estate costs|||807|11,499|
||||109,495|396,620|
|MANAGEMENT|AND ADMINISTRATION||||
||||2022|2021|
||||E|E|
|Insurance|||33,429|29,024|
|Travel costs|||1,225|4,595|
|Subscriptions|||2,732|3,513|
|Telephone|||1,061|1,193|
|Sundry expenses||||111|
|Legal and professional||fees|35|3,298|
|Independent
examiners fees|||2,220|2,220|
|Bank charges|||531|471|
|Depreciation|||6,021|3,155|
||||47,255|47,580|
##
##
##
##
|9.|NET INCOME|FORTHE YEAR|FORTHE YEAR||||||
|---|---|---|---|---|---|---|---|---|
||This is stated|after charging:|||||||
||||||||2022|2021|
||||||||E|6|
||Depreciation||||||6,021|4,514|
|10.|STAFF COSTS AND EMOLUMENTS||||||||
||Total staff costs were||as follows:||||||
||||||||2022|2021|
||||||||E|6|
||Wages and salaries||||||24,583|29,024|
||Particulars ofemployees:||||||||
||The
average|number|of employees|during|the year,|calculated|on the
basis of|full-time|
||equivalents,|was as follows:|||||||
||||||||2022|2021|
||||||||No|No|
||Number ofadministrative
staff||||||1|1|
||No employee|received|remuneration|of more|than E60,000during the year (2021-nil).||||
##
##
##
##
##
##
##
##
||Freehold|Fixtures 8|Motor||
|---|---|---|---|---|
||property
f|Equipment
f|Vehicles
f|Total
f|
|COST|||||
|At 1January 2022|1,276,500|106,076|28,127|1,410,703|
|Additions|||||
|At 31December 2022|1,276,500|106,076|28,127|1,410,703|
|DEPRECIATION|||||
|At 1January
2022||105,723|4,396|110,119|
|Charge for the year||88|5,933|6,021|
|At 31December 2022||105,811|10,328|116,139|
|NET BOOK VALUE|||||
|At 31December 2022|1,276,500|265|17,799|1,294,564|
|At 31December 2021|1,276,500|353|23,731|1,300,584|
##
|15.|The current
insurance
E20.3 million).
DEBTORS|value of all the above properties
is ap|proximately
E20.3 mill|ion (2021|
|---|---|---|---|---|
||||2022|2021|
||||f|f|
||Saint Michaels Abbey|Press Limited|156,027|158,538|
||Other debtors||22,554|25,903|
||||178,581|184,441|
|16.|CREDITORS: Amounts|falling due within one year|||
||||2022|2021|
||||f|f|
||Trade creditors||17,946|19,953|
||Other creditors||74,106|71,752|
||||92,052|91,705|
##
##
##
||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|
||||||||E|f|
|Hire Purchase|||||||19,610|23,369|
|ANALYSIS OF CHARITABLE FUNDS|||||||||
|Analysis|of|movement|in unrestricted||funds||||
||||||Balance at1|Incoming||Balance at|
||||||Jan 22|resources|Expenditure|31Dec 22|
||||||E|E|E|E|
|Designated||funds|||10,072|||10,072|
|Charitable||activities|||1,370,362|146,557|(131,935)|1,384,984|
||||||1,380,434|146,557|(131,935)|1,395,056|
|Analysis|of|movement|in unrestricted||funds —previous|year|||
||||||Balance at 1|Incoming||Balance at|
||||||Jan 21|resources|Expenditure|31Dec21|
|||||||E|E|f|
|Designated||funds|||10,072|||10,072|
|Charitable||activities|||1,337,043|191,091|(157,772)|1,370,362|
||||||1,347,115|191,091|(157,772)|1,380,434|
|Analysis|of|movement|in restricted|funds|||||
||||||Balance at1|Incoming||Balance at|
||||||Jan 22|resources|Expenditure|31Dec22|
||||||E|E|E|E|
|Church|Pew restoration|||||53,960|(20,000)|33,960|
|Emergency||roof replacement|||4,815||(4,815)||
||||||4,815|53,960|(24,815)|33,960|
|Analysis o|fmovement
in|restricte|d funds —previous|year|||
|---|---|---|---|---|---|---|
||||Balance at1|Incoming||Balance at|
||||Jan 21|resources|Expenditure|31Dec21|
||||E|E|E|E|
|Sash window replacement|||34~2||(34,482)||
|Emergency|roof replacement||25,000||(20,185)|4,815|
|Removal and replacement||ofthe|||||
|estate road|||231,761||(231,761)||
||||291,243||(286+28)|4,815|
##
##
|||Unrestricted|Designated|Designated|Restricted||
|---|---|---|---|---|---|---|
|||funds||funds|funds|Total|
|||E||f|E|E|
|Tangible|assets|1,294,564||||1,294,564|
|Current|assets|168,509||10,072||178,581|
|Cash at|bank and in hand|33,573|||33,960|67,533|
|Current|liabilities|(111,662)||||(111,662)|
|Total Funds||1,3&4,984||10,072|33,960|1,429,016|
|ANALYSIS OF NET ASSETS BETWEEN FUNDS- previous||||year|||
|||Unrestricted|Designated||Restricted||
|||funds||funds|funds|Total|
|||E||E|E|E|
|Tangible|assets|1,300,584||||1,300,584|
|Current|assets|174,369||10,072||184,441|
|Cash at|bank and in hand|10+83|||4,815|15,298|
|Current|liabilities|(115,074)||||(115,074)|
|Total Funds||1,370,362||10,072|4,815|1,385,249|