The Parochial Church Council for the Parish of Padstow St. Petroc's Church, Padstow with St. Saviour’s Church, Trevone
Treasurer’s Report for Year Ended 31[st] December 2022
The year has been another challenging year for our Parish due to the continued adverse impacts of 5 years of both the Covid Pandemic and two successive rounds of Transition on our regular Church attendance. It seems that people, following the Covid pandemic, have lost the habit of involvement both in Church and community activities. Whilst St Saviour’s is essentially unchanged, there have been departures of previously contributing congregation members, some to other Churches, as well as gains of new congregation members at St Petroc’s Church as it has settled from High Church to an Evangelical format of worship. Whilst it is good to see new congregation members from anywhere the fact that St Petroc’s is becoming a “destination Church” means that, however committed, many of our new members are from way outside the Parish and hence unavailable to support weekday Church activities and fund-raising. It is of concern that, as a result of the above factors our Planned Giving income, although marginally up on last year, has been on a declining trend this year and we must take some Stewardship action to recover this. However, on the plus side, our Ordinary Collections and Donations from holiday visitors and Fees income from Occasional Offices are returning well. Overall our income was c.£15K up on 2021 at c.£89K. Nonetheless, with limited fund-raising, due mainly to a lack of volunteers, as well as little local community support for our previously very successful Church Building restoration “Coracle Appeal” our overall income remains c.30% below pre-Transition levels.
The PCC continued to minimise capital expenditure by deferring high cost Quinquennial restoration work for which it was not practicable either to fund-raise or undertake during Covid. However, with the next Quinquennial due in 2023, such action will have to be taken soon with a probable impact of as much as £50K on our reserves. It is of note that the interest and dividends on those invested reserves contribute some 10% of the annual Parish income, which will reduce as reserves diminish. Having eaten into our reserves by c. £17K in 2021 in order to donate the full MMF Call the PCC decided not to expend reserves again this year and, hence, did not donate the final c.£10K of the full MMF call of c.£41K. This restraint on spending held our expenditure to c.£6K less than 2021 at c.£84K
The provision of both a contactless/chip & pin card reader together with in pew QR code donation facilities has proved beneficial, especially for donations from casual visitors. Banking approval difficulties delayed the installation of a full function unattended Donation Station in the year but it is now expected to be operational in early 2023. However, with loose cash collections making a comeback, the closing of local bank branches will pose cash deposit problems in the future.
As I have stated in my past Annual Reports, if it is to survive as a thriving Church, Padstow Parish must take action to grow its Church community with members who are able and prepared to contribute, in time, cash and kind, to both the mission and maintenance of our Churches.
My thanks go to the PCC Standing Committee who have worked hard to manage our resources and commitments in these difficult times. I am indebted to Sue Norfolk, Janet Dawe, Geoff Spear and Martin Saunders for their diligence in collecting, counting, recording and, in Geoff and Martin’s case, banking collections, donations, magazine advertising payments and other incoming funds. Also, my thanks go to Martin Saunders, aided by Angela Reskelly, for managing the planned giving scheme and the invaluable task of preparing our annual Gift Aid claim. Finally, my thanks go to Karen Wright for agreeing to inspect these Annual Accounts.
Tim Bishop - Honorary Treasurer, Padstow Parochial Church Council
ACC1
The Parochial Church Council for the Parish of Padstow
St. Petroc's Church, Padstow with St. Saviours Church, Trevone
(to be read also as notes to the Statement of Financial Activities)
| 2021 £ 5916 24300 190 2799 1817 959 2330 806 39117 70 2171 0 5072 1550 7881 16744 55861 3342 6500 899 1545 1000 0 81 0 13367 0 4000 782 4782 18149 74010 |
Ref INCOMING RESOURCES Direct Giving Gift Aid Tax recovered 1 Planned Giving - Gift Aided 2 Planned Giving - Other 3 Collections - Ordinary 4 Collections - Gift Aided 5 Collections - Offetory Boxes 6 Voluntary Donations 7 Votive Candles 8 Sub-Total Direct Giving Other Activities Magazine Sales 9 Magazine Advertising 10 Bookstall 11 Fees 12 Church Hall Income 13 Investment Income 14 Sub-Total Other Activities Total Ordinary Income 2022 Non-Recurrent Extraordinary Income - (R) = Restricted Special Appeal Donations (excluding Coracle Appeal) (R) 15 RC's Contribution to Church Expenses (R) 16 Grant Aid for Equipment, Children's Fun Club & Garden (R 17 Solar Panel Electricity Cost Offset (R) 18 Bequests 19 St Saviour's Fabric & Furniture Fund Dog Show (R) 20 General Funding Events income 21 Children's JAM Club Special Appeal (R) 22 Sub-Total N-r Extraordinary Income Non-recurrent Extraordinary Income - Coracle Appeal Restricted Gift Aid Tax Recovered 23 Major Donation 24 Other Donations and Fund Raising 25 Sub-Total N-r Extraordinary. Income - Coracle Appeal Total Non-recurrent Extraordinary Income 2022 TOTAL INCOMING RESOURCES 2022 |
2022 £ 9163 25800 206 6496 2914 1246 2349 1278 |
|---|---|---|
| 49452 | ||
| 150 2215 0 11068 4780 8440 |
||
| 26653 | ||
| 76105 | ||
| 1850 6500 644 671 28 1865 334 100 |
||
| 11992 | ||
| 0 0 730 |
||
| 730 | ||
| 12722 | ||
| 88827 |
ACC 5-6
The Parochial Church Council for the Parish of Padstow
St. Petroc's Church, Padstow with St. Saviours Church, Trevone
| 2021 £ 499 42000 3075 2316 3687 4675 3403 8450 178 0 6248 3140 0 6170 1244 570 500 86155 0 0 1213 0 1213 0 551 574 0 2000 0 97 0 100 3322 0 6 6 90696 -16686 |
RESOURCES EXPENDED Ref Ordinary Recurrent Expenditure PCC Donations - Mission/Charity 31 MMF (Common Fund) 32 Clergy Expenses 33 Fees Payable to Diocese / Deanery 34 Heat, Light, Water 35 Running Expenses 36 Upkeep of Services 37 Minor Repairs/Organ Maintenance 38 Mission Costs 39 Votive Candles 40 Insurance 41 Hall Running Expenses 42 Magazine Printing & Postage 43 Parish Administration Costs 44 Cleaning Costs 45 Outgoing Fees passed to Bells, Verger, Organist etc. 46 Adult & Children's Resources and Excursions 47 Sub-Total Ordinary Recurrent Expenditure Ordinary Non-recurrent Expenditure St Saviour's Fabric & Furniture Fund Purchase/Repairs 48 Quinquennial Report corrective actions 49 Church Rooms Equipment 50 Church Equipment & Signage 51 Sub-Total Ordinary Non-recurrent Expenditure Non-recurrent Expenditure - Special Appeal Restricted Donations Unicef 52 St Petroc's Society 53 Royal British Legion 54 Seafarers Mission UK 55 J Constance (Organist) Educational Costs Gift 56 The Children's Society 57 MSF UK from JAM Club collection 58 Celtic Way Books 59 Cornwall Air Ambulance 60 Sub-Total N-r Expenditure Special Appeal Donations Non-Recurrent Expenditure - Coracle Appeal Restricted Fund Coracle Fund Expenditure 61 Coracle Appeal Other Expenditure (Bank Charges) 62 Sub-Total N-R Expenditure Coracle Appeal TOTAL RESOURCES EXPENDED 2022 SURPLUS (or- LOSS) INCOME OVER EXPENDITURE |
2022 £ 0 31500 3940 1821 4183 2838 1915 2129 0 206 7419 7232 525 5985 1115 3784 930 |
|---|---|---|
| 75522 | ||
| 0 0 0 6416 6416 |
||
| 140 262 605 438 0 187 100 180 0 1912 |
||
| 0 64 |
||
| 64 | ||
| 83914 | ||
| 4913 |
ACC 5-6
The Parochial Church Council for the Parish of Padstow St. Petroc's Church, Padstow with St. Saviours Church, Trevone
INDEPENDENT EXAMINER’S REPORT TO PADSTOW PCC
This report on the Accounts of the PCC for the year ended 31 December 2022, which are set out in the booklet provided, is in respect of an examination carried out in accordance with the Church Accounting Regulations 2006 (‘the Regulations’) and s.43 of the Charities Act 1993 (‘the Act’) as amended by Charities Act 2011 Part 8.
Respective responsibilities of the PCC and the Examiner
As members of the PCC you are responsible for the preparation of the Accounts; you consider that the audit requirements of Regulations and section 43(2) of the Act do not apply. It is my responsibility to issue this report on those Accounts in accordance with the terms of the Regulations.
Basis of this report
My examination was carried out in accordance with the directions given by the Charity Commissioners under section 43(7)(b) of the Act and to be found in the Church guidance, 2006 edition. That examination includes a review of the accounting records kept by the PCC and a comparison of the Accounts with these records. It also includes considering any unusual items or disclosures in the Accounts and seeking explanations from you as trustees concerning such matters.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
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1) which gives me reasonable cause to believe that in any material respect the requirements
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to keep accounting records in accordance with section 41 of the Act; and
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to prepare accounts which accord with the accounting records and comply with the requirement of the Act and the Regulations have not been met; or
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2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed………………………….................... Dated.................................... 2023 Name..................................................................................................................
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