##
##
##
##
|||Pages|
|---|---|---|
|Trustees'|annual
report|1 to 2|
|Independent
examiner's
report to the trustees|||
|Statement|offinancial
activities||
|Statement|offinancial
position||
|Statement|ofcash flows||
|Notes to the financial statements||7to 13|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|Year ended|31 December|2022||||
|---|---|---|---|---|---|
|||||2022|2021|
|||||Total|Total|
|||||Unrestricted|unrestricted|
|||||funds|funds|
||||Note|K|E|
|Income||||||
|Voluntary
income||||7,122|4,166|
|Investment
income||||18,788|18,595|
|Other income|—Bank incentives|||1|1,600|
|Total income||||25,911|24,361|
|Expenditure||||||
|Expenses||||||
|Church expenses||||12,265|5,126|
|Reading|Room expenses|||1,544|3,311|
|Donations||||362||
|Total expenditure||||14,171|8,437|
|Net income||||11,740|15,924|
|Other recognised
gains and losses||||||
|(Losses)/Gains|on investments|and depreciation||(28,896)|18,659|
|Net movement|in funds|||(17,156)|34,583|
|Reconciliation|offunds|||||
|Total funds
brought forward||||556,614|522,031|
|Total funds carried forward||||539,458|556,614|
##
##
||||||2021|2021|
|---|---|---|---|---|---|---|
|||||Note||6|
|Fixed assets|||||||
|Tangible fixed assets||||14|279,298|272,211|
|Current assets|||||||
|Stocks||||15|2,950|3,109|
|Investments||||16|218,093|244,186|
|Cash at bank|and|in hand||17|39,117|37,108|
||||||260,160|284,403|
|Net current|assets||||260,160|284,403|
|Total assets|less|current|liabilities||539,458|556,614|
|Funds ofthe charity|||||||
|Unrestricted|funds||||539,458|556,614|
|Total charity|funds|||18|539,458|556,614|
##
##
|Year ended 31 Decem|ber|2022||||
|---|---|---|---|---|---|
|||||2022|2021|
|||||6|E|
|Cash flows from operating|activities|||||
|Net income||||11,740|15,924|
|Changesin:||||||
|Stocks||||159|381|
|Cash generated
from operations||||11,899|16,305|
|Net cash from/(used
in) operating||activities||11,899|16,305|
|Cash flows from investing|activities|||||
|Purchase oftangible assets||||(9,890)|(189)|
|Purchase of investments||||(297,739)|(242,968)|
|Proceeds from sale of investments||||297,739|242,968|
|Net cash used
in investing
activities||||(9,890)|(189)|
|Net increase/(decrease)
in|cash|and cash|equivalents|2,009|16,116|
|Cash and cash equivalents|at beginning||ofyear|37,108|20,992|
|Cash and cash equivalents|at end ofyear|||39,117|37,108|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|over the useful economic
life oft|hat asset as follows|:|
|---|---|---|
|Society Property|Not depreciated||
|Equipment|33%reducing|balance|
|Society Fixtures and fittings|25% reducing|balance|
|Reading
Room Fixtures and|25% reducing|balance|
|fittings|||
##
##
##
##
##
|Ye|ar ended|31 December 2022|31 December 2022|31 December 2022|||
|---|---|---|---|---|---|---|
|4.|Voluntary|income|||||
||||||Total Funds|Total Funds|
||||||2022|2021|
||Donations||||||
||Collections||||6,399|3,776|
||Donations||||723|390|
||||||7,122|4,166|
|5.|Investment||income||||
||||||Total Funds|Total Funds|
||||||2022|2021|
||||||5|F|
||Bank interest||||68|80|
||Car park|income|||18,720|18,515|
||||||18,788|18,595|
|6.|Other income —bank incentive||||||
||||||Total Funds|Total Funds|
||||||2022
6|2021
f|
||Other income||—bank incentive||1|1,600|
|7.|Church expenses||||||
||||||Total Funds|Total Funds|
||||||2022|2021|
||||||6|6|
||Water||||289|344|
||Light and|heat|||592|582|
||Repairs and||maintenance||2,242|1,552|
||Insurance||||3,712|35|
||Independent||examination||750|720|
||Telephone||||156|185|
||Cleaning|and|windows||2,505|1,010|
||Lectures and||events||1,000||
||Promotion|and advertising|||453|418|
||Postage,|printing||and sundries||146|
||Computer|consumables|||566|108|
||Transport|costs||||26|
||||||12,265|5,126|
##
##
|Ye|ar ended|31 D|31 D|31 D|31 D|ecembe|r 202|2||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|8.|Reading|room||||expenses||||||
||||||||||Total Funds||Total Funds|
||||||||||2022||2021|
||||||||||6||r|
||Water||||||||116||67|
||Light and|heat|||||||273||625|
||Repairs and|||maintenance|||||||670|
||Insurance||||||||357||875|
||Telephone||||||||||155|
||Cleaning|and|||windows||||||40|
||Loss on Reading|||||room sales|||798||879|
||||||||||1,544||3,311|
|9.|Donations|||||||||||
||||||||||Total Funds||Total Funds|
||||||||||2022||2021|
||||||||||6||r|
||Donations||||||||362|||
||Donations||comprise:|||||||||
|||||||||||2022|2021|
|||||||||||6|6|
||COP Great||Britain &Yorkshire|||||||362||
|||||||||||362||
|10.|Net expenditure|||||||||||
||Net expenditure|||||is stated|after charging:|||||
|||||||||||2022|2021|
|||||||||||6|5|
||Depreciation|||oftangible fixed assets||||||2,803|453|
|11.|Independent||||examination||fees|||||
|||||||||||2022|2021|
||Fees payable||||to|the independent||examiner for:||||
||Independent|||examination|||ofthe|financial statements||750|720|
##
##
##
##
##
##
|Tangible|fixed a|ssets|||||||
|---|---|---|---|---|---|---|---|---|
|||||||At||At|
|||||||1Jan 2022|Additions|31 Dec 2022|
|||||||8|5||
|Cost|||||||||
|Society|Freehold|Property||||221,965||221,965|
|Reading|Room Refurbishment|||Leasehold|Property|57,282||57,282|
|Society|Fixtures|& Fittings||||29,973|9,890|39,863|
|Equipment||||||14,753||14,753|
|Reading|Room Fixtures||& Fittings|||28,382||28,382|
|||||||352,355|9,890|362,245|
|||||||At|Charge for|At|
|||||||1Jan 2022|the year|31Dec 2022|
|||||||8|5|a|
|Depreciation|||||||||
|Society|Freehold|Property|||||||
|Reading|Room Refurbishment|||Leasehold|Property|8,282||8,282|
|Society|Fixtures|&Fittings||||29,262|2,650|31,912|
|Equipment||||||14,532|74|14,606|
|Reading|Room Fixtures||& Fittings|||28,068|79|28,147|
|||||||80,144|2,803|82,947|
||||||||At|At|
||||||||31 Dec2022|31Dec2021|
|||||||||8|
|Carrying|amount||||||||
|Society|Freehold|Property|||||221,965|221,965|
|Reading|Room Refurbishment|||Leasehold|Property||49,000|49,000|
|Society|Fixtures & Fittings||||||7,951|711|
|Equipment|||||||147|221|
|Reading|Room Fixtures||& Fittings||||235|314|
||||||||279,298|272,211|
##
##
##
##
|15.|Stocks||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||2022|2021|
|||||||||||E|
||Reading|Room Stock|||||||2,950|3,109|
|16.|Investments||||||||||
||||||||||2022
f|2021
6|
||Investments||||||||218,093|244,186|
||Investments||comprise:||||||||
||||||||||2022|2021|
|||||||||||E|
||iShares|Investments|||||||5,905|15,630|
||Legal &|General||Investments|||||123,690||
||Vanguard|Funds||Investments|||||86,820|226,294|
||Investment||Porffolio Cash Account||||||1,678|2,262|
||||||||||218,093|244,186|
||Movements||during the year comprise:||||||||
|||||||||||2022|
||Investments||brought forward|||||||244,186|
||Additions|during||the year||||||297,739|
||Disposals
during|||the year||||||(297,739)|
||Loses during||the year|||||||(26,093)|
|||||||||||218,093|
|17.|Cash and cash|||equivalents|||||||
||||||||||2022|2021|
||||||||||6|E|
||Monmouthshire|||Building|Society||||15,208|15,140|
||Virgin Bank||Current Account||||||23,909|21,968|
||Petty Cash Floats and Cash
in Hand||||||||||
||||||||||39,117|37,106|
|18.|Analysis|ofcharitable funds|||||||||
||Unrestricted||funds||||||||
||||||||||Gains and|At|
||||||At 1|Jan 2022|Income|Expenditure|losses|31Dec 2022|
||||||||E|E|E|6|
||General|Fund||||556,614|25,911|(14,171)|(28,896)|539,458|
||||||||||Gains and|At|
||||||At 1|Jan 2021
6|Income|Expenditure|losses
f|31 Dec 2021|
||General|Fund||||522,031|24,361|(8,437)|18,659|556,614|
##
##
##
|Other gains an|d l|osses comprise:|||
|---|---|---|---|---|
||||2022
f|2021
E|
|(Losses)/gains|on|investments|(26,093)|19,112|
|Depreciation|||(2,803)|(453)|
||||(28,896)|18,659|
|Analysis of net assets between funds|||
|---|---|---|
||Total Funds|Total Funds|
||unrestricted|unrestricted|
||2022|2021|
||F|6|
|Tangible fixed assets|279,298|272,211|
|Current assets|260,160|284,403|
|Net assets|539,458|556,614|
##
|Analysis ofchan|ges
in net cash and|investments||||
|---|---|---|---|---|---|
||||||At|
|||At|1 Jan 2022|Cash flows|31 Dec 2022|
|||||r.||
|Cash at bank and|in hand||37,108|2,009|39,117|
|Current asset investments|||244,186|(26,093)|218,093|
||||281,294|(24,084)|257,210|