**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: - 1) which gives me reasonable cause to believe that in any material respect the requirements - to keep accounting records in accordance with section 41 of the Act; and - 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 - 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.................................................................................................................. ACC3