2021-12-31-accounts - Guild Of Servants Of The Sanctuary

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GUILD OF SERVANTS OF THE SANCTUARY

UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2021

Charity Registration No. 251735

GUILD OF SERVANTS OF THE SANCTUARY CONTENTS

	Page
Administrative Information	2
Statement of Trustees' responsibilities	3
Independent Examiner's report	4
Statement of fnancial activities	5
Balance sheet	6
Notes to the accounts	7 - 12

Page 2

GUILD OF SERVANTS OF THE SANCTUARY

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Revd Darren Smith (Warden) Michael Andrew (Secretary General) Nigel K Makepeace (Trustee) James Farmer (Treasurer General) Secretary General Michael Andrew Charity number 251735 Principal address Guild of Servants of the Sanctuary c/o Additional Curates Society 16 Commercial Street Birmingham B1 1RS Independent examiner Mr Alan Fletcher 1 Beechcroft Road Leicester LE2 3DA Bankers Lloyds Bank plc High Street Coventry West Midlands CV1 5RA

General Account 2019

GUILD OF SERVANTS OF THE SANCTUARY

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The Trustees are responsible for preparing the Trustees' Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the Trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the the charity and of the incoming resources and application of resources of the charity for that year.

In preparing these accounts, the Trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts; and
prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the the charity and enable them to ensure that the accounts comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations and the provisions of the governing policy. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Trustees

General Account 2021

GUILD OF SERVANTS OF THE SANCTUARY

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF GUILD OF SERVANTS OF THE SANCTUARY

I report on the accounts of the the charity for the year ended 31 December 2021, which are set out on pages 5 to 12.

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 section144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsiblity to:

examine the accounts under Section 145 of the Charities Act;
to follow the procedures laid down in the General Directions given by the Charity Commissioners under Section 145(5)(b) of the Charities Act, and
to state whether particular matters have come to my attention.

Basis of independent examiner's report

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 you as 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:

(a) which gives me reasonable cause to believe that in any material respect the requirements:

(i) to keep accounting records in accordance with section 130 of the Charities Act; and

(ii) to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act;

have not been met; or

(b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed A K Fletcher Name Mr Alan Fletcher Address 1 Beechcroft Road Leicester LE2 3DA Dated: 17-Mar-22

General Account 2021

THE GUILD OF SERVANTS OF THE SANCTUARY

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2021

Notes Incoming resources from generated funds Voluntary income 2 Activities from generating funds 3 Interest 4 Investment Income Walsingham Weekend Deposits Total incoming resources Resources expended Costs of generating funds 5 Charitable activities 6 Festival Expenses Walsingham Weekend Festival Grant to ACS Bequest Tfr Total charitable expenditure Governance costs 7 Transfer to CCLA Investments Total resources expended Net income/outgoing resources Other recognised gains and losses Gains/losses on investment assets Net movement in funds Fund balances at 1 January 2021 Fund balances at 31 December 2021	Unrestricted Funds £ 111,503 6 14 8,330 119,853 10,249 10,249 228 . 228 3,274 100,000 113,751 6,102 142,771 148,873 279,876 428,749	Restricted Funds £ - - - - .	Total 2021 £ 111,503 6 14 8,330 119,853 10,249 - - - 10,249 228 228 3,274 100,000 113,751 6,102 142,771 148,873 279,876 428,749	Total 2020 £ 11,880 12 85 8,182 150
				20,309
				8,383 - - -
				8,383
				500 .
				500

				3,459

				12,342
				7,967 10,753
				18,720 261,156
				279,876

General Account 2021

THE GUILD OF SERVANTS OF THE SANCTUARY

BALANCE SHEET

AS AT 31ST DECEMBER 2021

Notes Fixed Assets Tangible Assets 8 Investments CCLA 9 Current Assets Stock 10 Debtors 11 Cash at Bank and on Deposit 12 Net incoming resources available Creditors: amounts falling due within one year 13 Net current assets Total assets less current liabilities 14 Made up as Restricted Funds Unrestricted Funds Total Assets	Total 2021 £ 25 395,075 395,100 - - 1,988 35,571 33,583 66 33,649 428,749 428,749 428,749	Total 2020 £ 25 252,304
		252,329 - - 100 27,647
		27,547 -
		27,547

		279,876
		150 279,726 279,876

The accounts were approved by the trustees on

General Account 2018

GUILD OF SERVANTS OF THE SANCTUARY

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2021

1 Accounting policies

1.1 Basis of preparation

The accounts have been prepared under the historical cost convention modified to include the revaluation of certain fixed assets.

The accounts have been prepared in accordance with applicable accounting standards and the Statement of Recommended Practice, "Accounting and Reporting by Charities" issued in March 2005 and the Charities Act. The accounting policies have been consistently applied. The following is a summary of the significant accounting policies adopted by the charity in the preparation of the accounts.

1.2 Incoming resources

Legacies are credited as received when the amount is ascertainable and there is reasonable certainty of receipt. No incoming resources are deferred.

Membership subscriptions and other forms of voluntary income are credited to the accounts when received and are stated gross of any related costs.

Windfalls from mergers or demutualisations are included within interest received and, where material, identified separately.

1.3 Resources expended Grants payable are charged to the accounts at the earlier of the date they are paid and the date that the donee has an expectation of receiving the grant.

Costs are charged on an accruals basis and are charged to the general fund unless specifically identifiable with the restricted fund.

1.4 Tangible fixed assets and depreciation Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows: No depreciation has been calculated for 2021 as the residual value on Vestments and Equipment etc is minimal.

Fixtures, fittings & equipment 25% per annum on a straight line basis Vestments 20% per annum on a straight line basis

The charge for depreciation on fixtures, fittings and equipment is charged equally between the cost of generating funds and governance costs.

1.5 Investments Fixed asset investments are stated at market value. Income from the investments is credited when received.

Unrealised gains and losses are shown on the basis of the movement in market value during the year. Realised gains and losses are shown on the basis of the difference between the market value at the start of the year and the proceeds received during the year.

1.6 Stock (The trustees have decided to write off stock in the year of purchase rather than carry the small value onto the balance sheet)

General Account 2021

THE GUILD OF SERVANTS OF THE SANCTUARY

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2021

Notes 2 Voluntary Income Annual Subscriptions/Entrance Fees Donations Gift Aid Gifts Bequests Miscellaneous Income Festival Collections Walsingham Weekend Deposits 3 Activities for Generating Funds Sales of Guild Products 4 Received Interest CCLA Deposit Account CCLA Investment Bonds Received Interest	Unrestricted Funds £ 9,457 638 1,342 - 100,066 - 111,503 6 6 14 8,330 8,344	Restricted Funds £ - - - -	Total 2021 £ 9,457 638 1,342 - 100,066 - 111,503 - 6 6 14 8,330 8,344	Total 2020 £ 9,808 480 1,536 100,066 56 150
				112,096
				. 12
				12
				85 8,182
				8,267

General Account 2021

THE GUILD OF SERVANTS OF THE SANCTUARY

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2021

Notes		Total	Total
		2021	2020
		£	£
	Total resources expanded
5	Cost of Generating Funds
	The Server	7,952	7,897
	Guild Publications	708	9
	Adverts/Video/Website	1,254	-
	Insurance	335	477
		10,249	8,383
6	Charitable activities
	Festival & Grant Activities
	Festival Expenses	228
	Walsingham Guild Festival
	Grants		500
	Tfr of Bequest to COF
		228	500
7	Governance costs
	Postage & Telephone	481	528
	Computer Services	586	537
	Printing/Stationery	32	79
	Accountancy & Independent Review	460	455
	Bookkeeping & Administration Honoraria
	Other Honoraria	200
	Gratuities/Gifts	51	125
	Insurance	335	477
	Meeting & Travel Expenses	1,127	1,258
	Misc Expenses	2
	Depreciation .
		3,274	3,459

The cost of Insurance is split equally between the cost of generating funds and governance costs.

General Accounts 2021

THE GUILD OF SERVANTS OF THE SANCTUARY

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

Unrestricted Funds £ Grants payable In furtherance of the objects Grants to institutions (0) Grants to individuals (0) None	Total 2021 £ None	Total 2020 £ 500
		500
		500 None

Trustees

During the year, no trustees received any payment for secretarial services.

. Trustees were reimbursed a total of £1539.05 for computer expenses, travelling, stationery,telephone, postage and small gifts

Public liability indemnity to the value of £2,000,000 was purchased using charitable funds. The cost of the premium during 2021 was £669 (2020 - £954) and is charged equally between costs of generating funds and goverance costs.

Employees

There were no employees during the year

General Account 2021

THE GUILD OF SERVANTS OF THE SANCTUARY

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2021

Fixtures, fttings & equipment £ 24 - 24 - - 24	Vestments £ 1 1 - - 1	Total £ 25 -
		25 -
		-

		25

Unrestricted fund 100,000 45,000 145,000 50,000	Net Loss/Gain ~~204,862~~ 340,867 136,005 47,442 54,208 6,766 142,771	Net Value 340,867 54,208
		395,075

The investments are held primary to provide funds to help cover the expenses of the Guild.

General Account 2021

GUILD OF SERVANTS OF THE SANCTUARY

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

Notes 10 Stock The trustees have decided to write of stock in the year of purchase rather than carry the small value onto the balance sheet 11 Debtors Debtors 12 Cash at bank and on Deposit Lloyds Bank current account Cash on Deposit at CCLA Cash at bank and on Deposit 13 Creditors: 14 Analysis of net assets between funds Fund balances are represented by: Tangible fxed assets Debtors Investments Cash at bank and on Deposit Creditors: amounts falling due within one year The unrestricted fund is for the purpose of:- raising the spiritual tone of Altar Servers promoting a disinterested and conscientous performance of the duties of Altar Ser encouraging more frequent attendance at the Holy Eucharist, in addition to times promoting friendship among Altar Services paying the running costs of the Guild. Creditors	2021 £ 0 - 1,988 1,988 1,818 33,753 35,571 None 25 (1,988) 395,075 35,571 66 428,749 vers of duty	2020 £ 0
		-
		100
		100
		2,239 25,408
		27,647
		None
		None 25 (100) 252,304 27,647 -
		279,876

Any transfer to other funds or allocation to a designated fund is at the discretion of the trustees. Sufficient resources are held in an appropriate form to enable each fund to be applied in accordance with any restrictions.

General Account 2021