Charity Number . $13504 THE GREAT BUDWORTH CHURCH RESTORATION APPEAL FUND REPORTS AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023
THE GREAT BUDWORTH CHURCH RESTORATION APPEAL FUND TRUSTEES Viscount Ashbrook -President Jim Martin - Chairman Rev. Alec Brown Richard Kershaw Margaret Cross Philip Acton Rob Collier TREASURER Philip Acton REGISTERED CHARITY NUMBER 513504 PRINCIPAL ADDRESS The Vicarage High Street Great Budworth CW9 6HF INDEPENDENT EXAMINER Sarah Garside Chartered Accountsnt 6 Longway Avenue Charlton Kings Cheltenham Gloucestershire GL53 9JL BANKERS Barclays Bank plc 1 Churchill Place London E14 5HP
THE GREAT BUDWORTH CHURCH RESTORATION APPEAL FUND REPORTS AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 CONTENTS Page Trustees, Report Report of the Independent Examiner Statement of Financial Activities Balance Sheet Notes to the Accounts
THE GREAT BUDWORTH CHURCH RESTORATION APPEAL FUND TRUSTEES, REPORT YEAR ENDED 31 DECEMBER 2023 The Tnjstees, as shown on the index of these accounts, present their annual report and financial statements for the vear ended 31 December 2023 Principal Actlvities and Constitution The Appeal is a Charitable Trust established by Trust Deed dated 14th January 1983. The object of the Appeal is the raising of funds for the StOratIon and repair of the fabric of the Church of St Mary and All Saints in Great Budworth, Cheshire and the provision. restoration and repair of its monuments, omamenls, fumishings, embellishments and organ and such other charitable purposes as in the opinion of the Trustees are for the benefrt of th8 Church and the communitv of which it foryrLE Dart. Review of the Year The Trustees are pleased to present their report for the year 2023 The funds raised in 2023 amounted to £30,488 from regular pledges, donations and a Bums Night fundraiser. Grant income was in respect of VAT recovered on eligible expenditure. Charitable expenditure incu rred in the year was £1 ,887 compnsing works identified in the Quinquennial Inspection and improvements to facilities in the church. At 31 st Decembér 2023, the unrostricted Funds of tho Appeal were £112,284 (2022: £80,121) comprising the General Account of £109,962 and Friends Account of £2,322. The Friends transferred £7,000 to the Gerberal Fund as a contribution towards important projects undertaken on restoration of the Church. During the year £17,500 was invested in Ihe CCLA COIF Charities Ethical Investment Fund and £40,000 was invested in the CCLA Charities Deposit Fund. The cost of remaining essential works. idèntified in the 2019 Quinquennial Inspection, levelling of uneven paths and installlng handrdils in the churchyard are included in Capital commitments and will be completed during the first Reservès Pollcy The Trustees are aware Ihal income receipts are not guaranteed and therefore have retained sufficient funds lo ensure the Charitv can conlinue for at least the next 24 months Rlsk Management The Tnjslees have a duty to identify and review the risks to whh the Chartly is exposed and to ensure appropriate controls aTB in place to provide reasonable assurance aqainsl fraud and error Publlc Benefit In planning the charity's activities for the year, the Trustees keep in mind the Charily Commisslon guidance on public benefrt. The focus of the Charitvs activtties during the year explains the delivery by the Charity of public benefrt as set out above in 'Principal Activities.. Financial Mattèrs The results for the year are shown in the Statement of Financial Activities on page 3. Jim Martin 13th May 2024
REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES OF THE GREAT 8UDWORTH CHURCH RESTORATION APPEAL FUND I report on the fina1 StatenntS of the chwy for the year ended 31 Decenpber 2021 wlFth are set out on pages 3 to 6. Respective Responsibilities of Twstees and Independent Examiner The Charity s Twslees a responsible for the preparation of the financial statemenls,. you consider Ihat the audit quirPMent of Section 144 of the Chaiities Act 2011 (the Act) does not appty, and that an independent examination is qUired. It is my SponsIbl1 lo examine the financial statements underseclx)n 145 of the Act. and to fol1owproceduS specified in the Generdl Directions gwen by the Charily commissione under section 145(5)(b) of the ChariesAct and to state whetherparticularmatters have come to my attention. Basis of Independent Examiners. Report My examination was can7ed out in accofflance with Ihe Genernl Directxv gNen by the Clk71ity Commission. An 8xaminalion includes a vieW of the accounting kept by Ihe Chaiity and a comparison of the rinancial statements presented with those records. It also includes considergtion of any unusual items or disclosurns in the financial statements. and seeking explanations from you as Tnjstees conceming any such matters. The proCeduS undertaken do not provide 811 th& evidence that would be required in an audit, and consequently I do nol eXpsS an opinion as to whether the financial slatements pent a Inie and fair view and the r8POrt is limite(I to ttjose matters set (Art in the stalement beknv. Independent ExamlnerJ' Statement In connection with my oxamination, no material Matte have come to my attention which gives me cause to believe that in, amy material respect.. the 8ccounting Trcords were not kept in accordance with sectlon 130 of the Chai7ties Act 2011,. the financial statements di(1 not 8ccord with the accounting reconls or did not comply conceming the fonn aiid conlenl of accounts set out in the Chanties (Accounts and Reports) Regulalions 2008 other than any qu1ment thai the financial statements give a 'tm8 and fairf view which is not a m8tler consid8red as part of an independenl examination I have come 8cmss no othermattefs in connectJn with the examinatic¥) to which altentAM should be dTrwn in this rpport in ortler to enable a pnwer Un{kntanding of ihe fancial statements lo be Tracld. Sarah G•rside FCA Charter8dAccountant O Longwoy Avenue Charlton Kings Cheltenham Glos GL53 gJL 13 May 2024
THE GREAT BUDWORTH CHURCH RESTORATION APPEAL FUND STATEMENT OF FINANCIAL ACTMTIES YEAR ENDED 31 DECEMBER 2023 2023 Notss Unrestrfcted Unrestrlcted General Frlends 2022 Total Total INCOME Incomlng Resources Donations and legacies Charitable activities Grants Interest on deposits 7,775 19,790 192 638 2,093 9,868 19,790 192 638 9,377 17,005 4,097 39 Total Ineomlng Resourcos 30,518 EXPENDITURE Resources Expended Costs of charitable activities and raising funds Govemance co8t8 Charitsble expenditure 100 608 44,373 608 1,887 608 1,887 Total R•sources Expended 2,495 45,081 NET INCOMEI{EXPENDITURE) BEFORE TRANSFERS Transfer from Friends to General Fund Increase l (decrease) in market value of investments Balance brought for*vard at 1 January 2023 Balanco carrled forward at 31 December 2023 25,900 2,093 27,993 { 14,563) 7.000 (7,000) 4,170 4,170 (817) 72.892 7,229 80,121 95.501 109,962 112.284 80,121 The notes on pages 5 to 6 fomi part of these financial statements.
THE GREAT BUDWORTH CHURCH RESTORATION APPEAL FUND BALANCE SHEET 31 DECEMBER 2023 2023 Unrestricted 2022 Unrestricted CURRENT ASSETS Bank current and deposit account 33,986 40,194 38.354 62,859 CCLA COIF Charities Deposit Fund CCLA COIF Charities Ethical Investment Fund Debtors 16,683 844 112.534 80,398 CREDITORS CreditOf5 and Provisions 250 277 TOTAL ASSETS 112284 Financed by: UNRESTRICTED FUNDS OF THE CHARITY 112284 Approved by the Trustees on 13th May 2024 and signed on s behalf: Treasurer Phlllp Acton Chaiffnan Jim Martln The notes on pages 5 to 6 fomi part of these financi81 statements.
THE GREAT BUDWORTH CHURCH RESTORATION APPEAL FUND NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLICIES The following accounting policies have been applied consistently in dealing with items which are considered material in lation to the charity's financial statements:_ al Basls of Accountlng The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charits'es preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued 16 July 2014 and with the Charities Act 2011. The Charity constitutes a public benefit entity as defined by FRS 102. b) Status and purposa The Appeal is a Charitable Trust established by Trust Deed dated 14th January 1983. The object of the Appeal is the raising of funds for the restoration and repair of the fabric of the Church of St Mary and All Saints in Great Budworth, Cheshire and the provision, restoration and repair of it's monuments, omaments, furnishings, embellishments and organ and such other charitable purposes as in the opinion of the Trustees a for the benefit of the Church and the community of which It forms part. c) Taxatlon As a Registered Charity (number 513504), the Appeal 18 exempt from income tax. Unrestrlcted Income Funds - Frlends The unrestricted income funds 'Friends" records the financial activity of the 'Friends of Great Budworth" an integral part of the Appeal. Donatlons and legac188 Income comprises donats'ons and Friends subscriptions Charltsble Actlvltles and Fund Ralslng These comprise locally organised events intended to ralse funds and awareness of the Appeal. Governance Costs These comprise insurance arKI IrKlependent Examinerfs fees CHARITA8LE EXPENDITURE From General Funds (in respect of Contracts entered into by the Parochial Church Council) Repairs and maintenance Donation to Great Budworth PCC 2023 2022 1,887 27,368 17,005 44,373
THE GREAT BUDWORTH CHURCH RESTORATION APPEAL FUND NOTES TO THE FINANCIAL STATEMENTS - contlnued YEAR ENDED 31 DECEMBER 2023 NET INCOMINGI(OUTGOING) RESOURCES FOR THE FINANCIAL YEAR In 2023 no m8mbers of the Management Committee received 8ny remuneration. (2022: Nil) 2023 2022 Net incomingl(outgoing) resources is stated after charging.. Independent examiner remuneration 250 200 CAPITAL COMMITMENTS At 31 December 2023, the Charity had aLrthorised but not entered into commitrnents for building repair work totalling £21,295 (2023.. £20,399)