Coot¢ots ofih¢ Fknbn¢l•l Sthtme•ts tor th¢ Ymr Etsded 30 Septemb¢r 2021 Tru#¢¢s' Report Indp¢nd¢nt ExmlntVs Report Slllement of FI11 Ae¢lvlll Baknnee Sheet Noles lo Ihe FInA¢I Sfatemellts De1411LyI Sts(omeAI ofTmiud*l Acttvlties
Pa¢iln%h•m Cbur¢h Eslg1¢ Trusteos. Rcpori for Ihe Y¢Ar ENd¢d 311 S¢pl¢rnb¢r 2•21 The trustee5 prK¢nt Ih¢ir report with tho financial stsiawls orth¢ charity for th¢ year cnthd 30 Scplcmber 2021. Th¢ tnceS have adopied the provisions of Accounting and Keporting by Chariiics.. Stement of Rccommcndcd Pracli¢e applicable lo charilics prepgring ihcir accounts in accordance wilh lh¢ financial R¢porting Standard applicablc in thc UK and Republic of Ireland (FRS 102) (etTcciive l January 2019). OBJECTIVES AND ACTIVITIES Objtttfves #nd alms The Tn1 exists and is govcrned by Deeds scalcd on 5th f¢bruAry 1909 - thc aims and objectivcs of which arc. having rirsi dischar8ed all proper costs. ch8r&cs and cxpcnscs in¢id¢ni81 lo Ihc adminisiraiion and mana8crn¢ni of ihc Clwity, to pay any charge lawfully incurred Rnd requ¢ed by ihc Churchwardcns ofihc Pari$h ofpaiiinghwn in t1 rnaintertan¢¢ and ordinary repairs and in5urancc againsi fire of thc fabric of the Parish Church of Si.Chad's and mainienanee of its churchyard. In addition thc Tntst is particularly charged in ihc carc for ih¢ Organ and OrnBrn¢nlation of thc Church. Ir in any year the whol¢ of ¢h¢ in¢om¢ is not applicd covering th¢sc charges ihc Tr%iduc shBII bc accumulated in a fund for th¢ improvemcnt or cnlargcmcnt of thc fabTi¢ of lh¢ Church and chur¢hyard. ACHIEVEMENT AND PERFORMANCE CbrltAble Aetlvlt5os Dwing the fi¢wi¢ial ycar enikd 30 S¢pt¢mber 2021 Trusie¢$ 88v¢ Bnnu818rant of £20,000 to sI.Chad Church be used towaTds insurance. churchydrd mainlcnanc¢. organ and ¢l¢)¢k rnhinlcnanc¢ and ¢l¢anin& In addition the Trust paid £4,526 for chairs for the rcfurbishcd lady chapcl. FINANCIAL REVIEW Summary of Te5uIts for thc ytar Th¢ charity received rpnthl in¢om¢, dividw$ and inieros¢ amounling lo £83.182 in the year under revi¢w In-compari50n 10£78.955 in 2020. Expcnditiwe on chariiabl¢ auiviii¢s iothllod 5.126 in the year. including gTanÈs of £24,526 St Chad's ChuTCh. Revaluation 8airLS on investmcnts amounled io £346,421 ( £103.089 . 2020 ) for ihe ycar vndcr vcvicw rc$uliin8 in an overall net incornc of £404.477 ( £153.104 . 2020 ) rcsulting in rd$ incrcasing ovcr thc ycar from £2,768,176 to £3.172.653 &8 ai ihc balance sheet dale. Rwrvts polr¢y Unrestricted funds arc aPP10n¢d betwecn general funds and pcnnancnt Gcneral funds are h¢ld by the Trusie¢s lo m¢¢1 th¢ day to day ¢osts offuifilling th¢ ¢hariiYs objeciives and aim funds arc held by the Tnl¢c$ in separalc iDv¢simcnt XCOUn and arc rctaincd for any fithwc invcslm wiihin thc charity of a p¢mian¢nV capiial naiur¢. uVRE, GOVERNANCF. AND mANAGEMEr Governing document The ¢lwity is noId by its gov¢rnin8 dUMen[ a deed of¢nw aThJ conMliui¢s unin¢orporad charliy. REFERENCE AND ADMINIRATIVE DETAIIS Registcred Charity number 254296 Principal addresj The Ridges Greal Moor Rood Paltingham Wolv¢rhwnpton WV6 7AU Pag¢ I
PAttingh4m Church E5tJlc TrusIc, R¢porl ror ¢h¢ YcAr Eud¢d 30 Scptcmbcr 2021 Trusl¢cB D Sampsf Mrs C M Ringr05e Mrs G Richards (resigned 18.4.21) Rcverend M P Hobb$ (rcsigncd 30.5.21) P Morgan (rcsi8ned I1.10.20) C f A P¢ndrell (appoinl¢d I1.10,20) Mrs D M Si¢¢1 (app)inied 29.6.21) IndtpettdtTrt Ex#mln*r Colln Dal¢on FCA Chartcrcd Accountani Dolion Pardoc Limii¢d chaff¢r Ac¢ount4n 794 Iligh Str¢ei Klngswthford W¢si Midlands DY6 8tJo Approv¢d by OTd¢r of lh¢ bogrd of ¢rusl¢¢s on ...... ......... . slgned on behoifby: Mrs C M Rin8ros¢. Trus Pagc 2
Indep¢nd¢n¢ ExamSneVs Rtporl ¢• th¢ Tnot¢u Or P4ttlngham Church F.s181¢ Independent txamlnerfs report to Ih¢ trusleos ofp•itlnehAm Chureh Est*t¢ I report io the charity trustres on my ¢xaminaiion ofihc a¢¢ounls ofpaiiingham Church L$le (thc Trust) for the year eNled 30 SeN¢mbor 2021. Responsibilitie5 and basis ofreport As the chariry tnjsiees of the Trust you arc responsi for th¢ preparntion of ¢h¢ ac¢wnts In •cMrdan¢o wilh iho requirements ofthe Charilies Act 2011 (Ihc Acl). I report in respect of my examtnwion of the Trust's accounis carried oui under sethlon 145 ofthe and in ¢8rrying Qui my examination I have followed all applicable Dircctions givcn by ihc Charity Commlsslon under (10n 145(5Xb) or Ihe Aci. Imdependent ex8mlneVs stAlement I h&v¢ compl¢t¢d my ¢xamination. l ¢onfirn1 thai no malcrial matters have come to my ten11 in connc¢tlon wlth the examination giving mc cause to bclicve that in any Merial rcspc¢i: accounting records wcrc not kcpt in resEXCt ofth¢ I'rust as rcqulTed by section 130 of ihe A. or thc accounts do not accord with those re¢ords: or thc accounts do nol comply wilh th¢ appli¢abl¢ requircm¢nts ¢on¢¢ming the fomi and contcnt of accounts 5Ct out in thc Charities (Accoun15 and Rcpoits) X¢gulalions 2008 other thun any r¢quircmcni thtLt thc accounis give a trnc and fair view which 1$ nol a maltcr considcrcd a5 oran indcp¢ndcni cxaminalion. I havc no conc¢ms and hav¢ Comc llcro M) oih¢r M1¢[3 in eonn¢¢tion wilh the exDmination to lch attcntion should bc drawn in ihis roport in oth to enable a propcr undcr51andin8 ofthc accounls lo bc rea¢hL¥J. Colln D&liort FCA Chartered Accountant Dalton Pardo¢ Limii¢d Chart¢r¢d Attounthnts 794 High Strect Kingswinford W¢rt Midlands DY6 8BQ Page 3
Patilftgh#m Church E$t#t¢ Statcmcnt of Rnknclal AetlYStles Cor th¢ Y¢Ar 30 S¢p¢emb¢r 21121 30.9.21 Unrostrlcl¢d fwnds 30.9.20 Tothl fiwids No INCOME AND ENDOWMEKfs FROM 83,182 78.955 EXPENDITURE ON Chrlthble #cthpit5 Grants to Si. Chads Church Athiinistration 24.526 26.080 1,560 GOv¢rnwe ¢osts 600 6ix> Tothl 25.126 28.240 Nct 8ains on investsncnL 346,421 103,089 NET INCOME 4114.477 153.804 RECONCILIATION OF FUNDS Total funds brnught forw#rd 2,768,176 2,614,372 TOTAL FUNDS CAIiRIED FORWARD 3,172,653 2.768.176 CONTINUINC OPERATIONS All income and expenditure h&% orisen from ¢on¢inuin8 a¢tivities. The nrfes forni pan of thcse financial starn¢nts Pag¢ 4
I'#tlinRh#lli Chiirch Tr-sliitc Ilalaii¢¢. Slieel 30 SL'ptLnibLr 2V21 30.9.21 Unre%trict¢d 30.9.20 runds Notcs FIXFI) ASSF.TS diigible yss¢ls CUIIKF.NT ASSF.TS l)¢biors Inve.%imcnis C41sli bank 2U,431 3,146,692 6,169 19,718 2.705,271 44.449 3.173.292 2.769.438 CR .1)ll.()s Ainounis liilling due within one )'ear 1640) (1,26il NTr:T CURRF:NT ASSETS 3.172,652 2,768.175 TOTAL ASSETS LESS CURRENT LIABILITIF.S 3.172,653 2.768.176 NTr:T ASSF.TS 3,172,653 2.768.176 FUNI)S tiL'iieri¢ I luiid l)enndnLnl fund )91,8711 2,11611,775 871 ¢)46 1,81)6.230 3,172,()43 2,768,176 I'OI'AL bUNI)S 3,172,653 2.768.176 'I'hc financial siaicmcnis iverc approved by ihc 14oard of 'i'ru.siccs dnd auihorised for issuc and ivere signcd on lis beh1]r by- on l) Siimpson --l-rLEsiee L l.. A I'cndrell-'l-rustce 'I'he notes fom) part ofihc5L linantlcil siaicmcftis Page 5
P8tiln%haTh Chur¢h FJ14t¢ Notes to thc FlnTr¢iil Stsl¢mcnts for ¢h¢ Y¢gr Ended JO S¢pt¢mb¢r 2021 ACCOUNTING POLICIES BASIS of prep#r&n2 iht IlnancSAI stteme•ts Th¢ fin¥n¢ial 5th1Mn¢nts of ihc chority, which Is a publlc bencfii enilry under FRS 102, have been prepared in aceordanee with th¢ Chariti¢$ SORP (fRS 102) 'Accouniing and Reporting by Charities: Staicmeni of Rceommertded Prn¢ii¢e appli¢able io chariiics pr¢p8ring their accounts in accordance wilh thc Financial Rcporting Sthndard applicablc in thc UK ¥nd Republic of Ireland (fRS 102) (cffeciivc l January 2019)., Finoncial Reporting Siandard 102 Yhc Financial Reporting Standaftl applicabl¢ in thc UK and Rcpublic of Ireland, and the Chariiics Aci 2011. Thc finBncial st8i¢m¢nts have been prcparcd under the hion¢al cOn•tIOn. Income All income is rccogniscd in ihc Siaiemeni of financial A¢tiviiies onc¢ th¢ ¢hAriry h&$ entitlcmcnt io the funds, it probablc that IIK incom¢ will bc r¢¢¢iv¢d and thc amDuN can b¢ megsur¢d reliobly. Expendlturn Liabilitie5 are rccogniscd as cxpcndilure as soon as ihcr¢ is a l¢gal or ¢onslructivo obligation committing thc charity to ihat cxpendilurc. it is probablc th a iransfcr ofc¢onomlc bcnefiis will bc requir¢d in scltlcmcnt and th¢ amount of the obligo1ion Can bc mcASUTcd rcliably. l.-xpcnditurc 15 accountcd for on an acrruols basis and has ien cla5sificd undcr headin iha¢ a8gwgai¢ all cosi r¢Ied io ih¢ COi¢BOry. Whcre costs cannot bc diTCCtIy altributed io particular hcading5 thcy have bccn allocth¢¢d ¢0 a¢livilics on a ba$15 consistcni with thc use of resource& Grants Offer sthjed w ¢ondilions which h8v¢ not b¢¢n mel ai ih¢ y¢ar¢nd datc aro Thjtcd as a commitm¢nÉ b not ac¢Ned as cxpcTrliiurc. T¥Dglble llxcd amets Depreciation is provided at the following annual rncs in order to wriie oiTea¢h assei over its estlmawd useful T*xatloD The ch¥ity is cxempt from on its charitable aaiviiics. Unre5trictcd fimds can bc uscd tn accorda¢ with ihc charimblc objcctiVC5 ai lh¢ discrrfion of thc ITusI¢¢s. R¢stricl¢d funds can only be used for pani¢ular r¢sirictcd purpos¢s wiihin lh¢ Obcts ofthc charity. Rcstrictions aris¢ when 5prcified by ihc donor or when fund5 arc raised for particular rLstri¢kd purp05¢5. Furth¢r¢xpIIi0n of¢h¢ n4lur¢ and of¢a¢h fund is in¢lud¢d in ih¢ io th¢ fir•1•1 w¢¢mcnts. INVESTMENT INCOME 30.9.21 UJbrestrl¢lcd funds 30.9.20 Tothj funds Rents reccivcd Dividends Deposit acc(nI interest 1,622 81 JSO 1.662 77.000 293 83,182 78,955 Pagc 6 nlimie(L..
Palllngham Church Estale tg lh¢ Flnn¢i41 St¢tm¢nts- Conilnuod ror the Ycar Endcd 30 Sgplernbcr 2021 TRUSTEES REMUNERATION AND BENEFITS There w¢r¢ no mis*¢s' T¢mun¢rg1ion or (rther bon¢llts for ihc YCK cndcd 30 Scplcmber 2021 nor for thc y¢ar ¢nded 30 Sepi¢mb¢r2020. TN$¢tts' expenses There We no truste¢s' expwws paid for ihe year ¢ndod 30 S¢pwmb¢r 2021 nLY for tho ycar cndcd 30 Sep1¢mi 2020. TANGIBLE FIXED ASSETS Freehold propeny co At l Odobcr 2020 and 30 S¢pi¢mb¢r 2021 NET BOOK VALUE At 30 S¢ptcmber 2021 At 30 S¢pt¢mb¢r 2020 Th¢ pvli¢y of ih¢ Trus5 is nol io rcvaluc land and buildin8S. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30.9.21 30.9.20 Accrued InveMen1 incomc 20,431 19.718 CURREiYf ASSET INVESTMENTS 30.9.21 30.9.20 Inv¢slrnwts- Pcnnancni fimd Inveslrnents- GwKral fund 2.180,774 96S.918 .896,229 809.042 3.146,692 2.705.271 Investments ar¢ valued oi Mark value at bBlonce skne dal¢. Pa8¢ 7 coniiNJe(L..
Palllftgham Chrrh Esiatc Notes lo Iho Flnanell St#ttrnents- £ontSftu¢d ror lh¢ Year Ended 30 Sepl¢mber 2021 CREDrroRS.. AMOU5 FALLING DUE WITIIIN ONE YEAR 39.9.21 30.9.20 A¢¢ruals and def¢r¥¢d in¢om¢ 640 1,263 MOVEMENT IN FUNDS I'T4n$f¢rn bdwc¢n runds At 1.10.20 movcmcnl in ful$ Ai 30.9.21 Unr¢slri¢ted funds Gcneral fund P¢nnan¢nt fund 871,946 1096230 155,932 248,545 (36.00•) 36,000 991W78 2,180,775 2,768,176 404,477 3.172,653 TOTAL FUNDS 2,768,170 404,477 3,172,653 Nd movenni in funds. included In th¢ abov¢ are as follows: Incoming resources Rcsour¢es expended Galns aThl losscs Movement in fut Unrestrlcted funds fjcnoral fund Pcrn]an¢nt fund 83.182 125,126> 97,876 248,545 155,932 248.545 83,182 12S,126> 346,421 404,477 TOTAL FUNDS 83.182 (2S,126) 346,421 404,477 comparativ for movement ln fumds At 1.10.19 moveme in fund5 Ai 30.920 Unrestrf¢¢ed fud9 G¢ncTrl fitnd Pcrnianent 795,548 1,81B.824 76,398 77.406 871.946 1.896,230 2.614.372 153,804 2.768,176 TOTAL FUNDS 2,614.372 153.804 2.768.176 Page 8 coniinucd...
Pattltsghm Ch¥r¢lb EsiAte Not¢5 to the Fingnelal Sttements- continu ror the Y¢ar ENded 30 S¢pl¢mb¢r 21131 MOVEMENT IN FUNDS- ¢olltlnu¢d Comparall MovenI In fvnds. Included in ihe abov¢ gr¢ 0$ follows: Incomin8 resour¢¢$ Rcsourc expcndcd Gain5 and lo$ Movcment in funds Unr¢strl¢l¢d funds G¢neral fund Pemaneni fund 78,955 (28,240) 25.683 77.406 76,398 77,406 78,955 (28,240) 103.089 153,804 TOTAL FUNDS 78.955 (28.240) 103,089 153,804 A currnm year 12 momhs and prior year 12 months combincd FM)silion is as foll Nct mov¢m¢nt in funds TransfcT5 bdwccn funds Al 1.10.19 Ai 30.9.21 Unr¢slrleltd funds Gcneral fvnd Pernian1 795.548 1.818,824 232,330 325.951 136.0(Kl) 36.000 991.878 2,180,775 2.614J72 558.281 3,172.653 TOTAL FUNDS 2,614.372 558,281 3,172,653 A y¢or 12 monLhs and prior ycar 12 months combined nct movcment In lknnds. in¢lud¢d in ihe abov¢ Ke as follow$: Incoming Yesourc¢5 Resources cxpcnded Gains loss¢$ Movcment in funds Unroslrkted funds Goneral fund P¢nnan¢nt fund 162.137 (53.306) 123.559 325.951 232.330 325.951 162.137 (53,366) 449,510 558.281 TOTAL FUNDS 162.137 (53 J66) 449.510 558.281 Pagc 9 conlinued...
ttiJ8h#m Chur¢h E5tst¢ Notes to tho Fln*n¢ig1 Sfatemcnls- contlnuod for th¢ Y¢ar 30 S¢pt¢mb¢r 2021 RELATED PARTY DISCLOSURES Thcro were no rel¢d party tsan5aciions forikn w cndd 30 SrMgmbLY 2021. Page 10
P4ttinghHm Church Estalc D¢tallcd Sthtcmont of Flnanelal Aetivilics ror the Yr Endcd 30 5tplembcr 21121 30.9.21 Unrestric runds 30.9.20 Totsl runds INCOME AND ENDOWMFNTS Rents rec¢ivcd Dividends Deposit accounl inwre# 1ffj22 81JS0 io 1,662 77,000 293 83.182 78.955 Total Ineornlne r¢wur¢ 83.182 78,955 EXPENDITURE Ch#rlt*blc ietivitles Grnnis to St. Chads Church Consultancy costs I426 26,080 1.560 24J26 27.640 Support toits Gov¢rn4nrt cosls Indeprndcni exllmlncr 600 600 Tothl ruourtts expended 2S126 21,240 In¢orne before iaSni Ind Iom 58,056 30,713 Retllstd recognSged R•lni and Ios8QJ R¢Aliscd 8alnsl(los8¢11 on fixed 4ssci Inv¢Junents 346,421 103.089 N¢t In¢om¢ 404,477 133.804 Thi5 docs noi form part of th¢ financial sw¢ments Pagoll