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2022-12-31-accounts

CONTENTS OF REPORT AND ACCOUNTS
Page
Notice ofmeeting
Background
information
Report ofthe committee
Report ofthe trustees
Statement ofFinancial Activities
Balance Sheet
Notes to the accounts 7- 14
Independent
Examiner's		 Report 15

Restricted
Unrestricted Income Endowment Total Total
Funds Funds Funds 2022 2021
F F
INCOME AND ENDOWMENTS FROM:- (Note 5)
Regular
giving		 by worshippers 19,225 19,225 20,544
Donations
and		 legacies 2,050 2,041 4,091 1,924
Use offacilities by church groups 5,304 5,304 1,675
Use offacilites by outside groups 8,957 8,957 5,733
Other trading
activities		 1,760 1,760 340
Investments 16,566 1,163 17,729 16,711
Other
—including
Gift Aid tax recoverable		 6,516 6,516 4,689
Total 60,378 2,041 1,163 63,582 51,616
EXPENDITURE ON:- (Note 6)
Worship,
witness
and teaching		 4,879 4,879 9,414
Cultural,
social		 and recreational 8,593 8,593 4,626
Property costs 27,808 1,163 28,971 19,229
Management
and administration		 22,342 22,342 23,482
Donations General donations 2,650 2,650 100
Ex Harvest
& Investment		 Income 8,590 8,590 8,000
Christian
Aid		 250 1,251 1,501 987
Black Country Food Bank 260
European
Christian		 Mission 685 685
Sunfield
Children's		 Home 105 105
Total 75,112 2,041 1,163 78,316 66,098
Realised gains/(losses)
on investments		 -4,271 -7,230 — -11,501 2,895
Unreaslied
gains/(losses)
on investments		 -58,123 -15,207 -21,614 -94,944 27,196
Netincomel(expenditure) -77,128 -22,437 -21,614 -121,179 15,609
Transfers
between
funds
Net movement in funds -77,128 -22,437 -21,614 -121,179 15,609
Total funds brought
forward		 497,470 153,000 69,834 720,304 704,695
Total funds carried forward 420,342 130,563 48,220 599,125 720,304

BALANCE SHE E T YEAR TO 3 1 DECEMB ER 2022
Restricted
Unrestricted Income Endowment Total Total
Funds Funds Funds 2022 2021
FIXEDASSETS F F F F
Tangible assets
Freehold
land and		 buildings (Note 9) 67,313 67,313 67,313
Organ,
furnishings		 and equipment (Note 10) 71,200 71,200 71,200
Investments
(Note 11)
Trustees 130,563 48,220 178,783 222,834
General 265,471 265,471 332,127
Organ 1,877 1,877 1,680
Total fixed assets 405,861 130,563 48,220 584,644 695,154
CURRENT ASSETS
Debtors (Note 12) 10,036 10,036 6,842
Cash at bank and in hand (Note 13) 13,986 13,986 24,916
Total current assets 24,022 24,022 31,758
Creditors: amounts falling due within
one year (Note 14) 9,541 9,541 6,608
Net current assets 14,481 14,481 25,150
Total net assets 420,342 130,563 48,220 599,125 720,304
THE FUNDS OF THE CHARITY (Note 15)
Unrestricted
funds		 418,465 418,465 495,790
Unrestricted
funds-designated		 Organ fund 1,877 1,877 1,680
Restricted
income		 funds 130,563 130,563 153,000
Endowment
funds		 48,220 48,220 69,834
Total funds 420,342 130,563 48,220 599,125 720,304

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2022 2021
F
7 Details ofcertain items ofexpenditure
7.1 Trustees expenses
Number oftrustees who were paid expenses
Telephone
and broadband		 52 172
Mileage 139
7.2 With the exception ofthe two named committee members, no member received any remuneration
from the Church.
as an administrative
assis		 tant. tant. tant.
7.3 Fees for the examination ofthe accounts
Independent
examiner's		 fees for reporting on the accounts 3,300 3,120
Other fees - payroll costs and gift aid claim 939 1083
8 Paid Employees
8.1 Staff costs
Gross wages and salaries- admin and cleaning 16,723 14,660
8.2 Average
number of full-time
equivalent		 employees in the year
9 Freehold
land and buildings
At 1 January
and 31 December 2022		 67,313 67,313
10 Organ, furnishings
and		 equipment
At 1 January 2022 71,200 71,200
Additions
At 31 December 2022 71,200 71,200
2022 2021
F
11 Investments
11.1 In respect of Endowment Funds
Quoted at valuation 48,350 69,964
Held by brokers -187 -187
Balance at Co-operative Bank 57 57
48,220 69,834
11.2 In respect of Restricted Income Funds
TRUSTEES INVESTMENTS (see note 1(o)on page 8)
Quoted at valuation 116,920 144,317
Held by brokers 13,619 8,659
Balance at Co-operative Bank 24 24
130,563 153,000
11.3 In respect of General Unrestricted Funds
OTHER INVESTMENTS
Quoted at valuation 267,847 327,709
Held by brokers -9,847 -3,053
Balance at Co-operative Bank 7,471 7,471
265,471 332,127
11.4 In respect of General Unrestricted Funds
ORGAN
FUND
Quoted at valuation 757 849
Balance at Co-operative Bank 1,120 831
1,877 1,680
11.5 Unrestricted Restricted Endowment Total
F F
At 31 December 2021 333,807 153,000 69,834 556,641
Additions 53,317 3,984 57,301
Disposals -55,147 -16,173 -71,320
Investment/Return
ofcapital		 -6,506 4,959 -1,547
Valuation
changes		 -58,123 -15,207 -21,614 -94,944
At 31 December 2022 267,348 130,563 48,220 446,131

2022 2021
F
12 Debtors
Income tax recoverable
under Gift Aid		 3,900 3,500
Payments
in advance		 2,688 2,091
Sundry debtors 3,448 1,251
10,036 6,842
13 Cash at bank and in hand
13.1 This is made up as follows:-
HFC current account -5,517 -2,336
cash in hand 40 14
Sub-Groups Bank 8 Building Society accounts 19,046 26,910
cash in hand 417 328
13,986 24,916
13.2 Sub-Group balances relate to:-
Badminton Club Shoppers Coffee
Mother 8 Toddlers Group Sunday School
Hand of Friendship Centre Tuesday Tea Club
14 Creditors: All due within one year
Trade creditors and accruals 9,541 6,608

15 Funds oft he Charity he Charity he Charity
15.1 Unrestricted funds are the general funds ofthe Church which may be used at the discretion ofthe
committee/membership
for furthering		 the mission and ministry ofthe Church. The money may be
designated for particular
projects for administration		 purposes only. Designated funds remain
unrestricted and can be redesignated ifthe committee/membership so decides. A designated
organ fund was established
many years ago.
2022 2021
F
Organ fund - part of General
Fund but		 designated
Balance at 1 January 1,680 1,108
Annual
transfer from General
fund		 250 500
Year's dividends/interest 39 73
Change
in		 value of investments -92 -1
Transfer to General
Fund re purchase		 of new organ
Balance at 31 December 1,877 1,680