Annual Report
and
Financial Statements
of the
Parochial Church Council
St Lawrence Church, Biddulph for the year ended 31 December 2022
Registered Charity: St. Lawrence Church charity no: 1127353
Incumbent:
Will Drain
Bank: National Westminster
Independent Examiner:
Mr. D. Fox Walletts
- 2-6 Adventure Place
Hanley Stoke on Trent ST1 3AF
Contents
Page 1 Index Pages 2-3 PCC Treasurers Report Page 4 Independent Examiners Report Pages 5-6 Receipts and Payments Account Page 7 Statement of Assets and Liabilities Page 8 Notes to the Accounts
1
Finance Report for 2022 Accounts
General Comment on the Accounts
The method used to prepare the accounts is on the Payment and Receipt system. The softwareproducedusedby a forcompanykeepingcalledthe accountsData Developments.is called “MyFundAccounting.The Lichfield DioceseOnline”decided which theyis would encourage churches in the Diocese to use this software and pay the monthly fee for its use.
An overview of the accounts shows that our cash balances across all funds has decreased by £13,977 and the value of investments decreased by £4301.
As well as using “MyFundAccounting.Online” to keep the accounts, we also use “MyGiving.Online” (also produced by Data Developments) to keep Gift Aid records and make Gift Aid claims directly from HMRC, rather than the Lichfield Diocese making claims on our behalf. The main advantages gained are the ability to keep records easily and in line with HMRC guidelines, but also we can now make Gift Aid claims on a monthly basis. You will notice in that accounts that during 2022 we received £30,709 in Gift Aid. (£10,985 of this was owed to the church from 2021). There is an outstanding amount owed by HMRC of £1557 for the month of December which will arrive in the church account mid-January.
All invoices have been paid, with none outstanding.
The expenditure was £2,000 less than what was included in the budget. The income was £34,000 greater than what was include in the budget! This meant that the expected deficit of £50,000 was greatly reduced. Increased giving was one of the major factors in this for which we praise God.
Individual Fund comments for 2022:
There have been several major costs throughout the year, some budgeted, but some unexpected: Church Hall decoration £2,350 Church Hail flooring £3,120 Church Hail Velux Windows £1,020 Church Roof and Building Work £16,362 Church Computer Streaming System Installation £6,840
We have maintained our giving to charities; people have been very generous at various times throughout the year and combined with the money agreed by the PCC from the general fund the total given to a variety of charities was £14,281.
The Youth worker fund increased by £2,000, at current levels of giving, the fund will cover running costs for a minimum of 2 years +.
2
Outlook for 2023
We start 2023 in a good financial position. However, the budget agreed by the PCC for 2023 showsa deficit of approximately £54,000. Please consider this as you review your giving to the work of God at St. Lawrence's.
Thank you to the many people who are involved in the various different aspects of the Church finances. Funeral and Wedding Fees, Gift Aid, Collection Counters, members of the Finance Committee, those who bank the cash offerings and donations, Church Hall Fees, all jobs that are so important to the smooth running of the Church finances.
Paul Roebuck
January 2023
3
Independent Examiner's report to the trustees of St Lawrence Church, Biddulph
| report to the trustees on my examination of the accounts of St Lawrence Church (Biddulph) for the year ended 31 December 2022, which are set out on pages 5 to 8.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
| report in respect of my examination of the Trustee's accounts carried out under s.145 of the 2011 Act and in carrying out my examination | have followed all the applicable Directions given by the Charity Commission under s.145(5)(b) of the 2011 Act.
Independent examiner's statement
| have completed my examination. | confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
(1) accounting records were not kept in respect of the Trust as required by s.130 of the Act; or
(2) the accounts do not accord with those records.
| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
D. Fox FCCA
Walletts
Chartered Certified Accountants Adventure Place Hanley Stoke on Trent Staffordshire ST1 3AF
Page 4
Financial statements for the year ending 31 December 2022
St. Lawrence Church, Biddulph
Receipts and Payments Account
| Unrestricted Funds |
Designated Funds |
Restricted Funds |
Total | 2022 | Total | 2024 | |||
|---|---|---|---|---|---|---|---|---|---|
| E | £ | £ | £ | £ | |||||
| Receipts | |||||||||
| Donations and legacies | |||||||||
| 0101 - GiftAid - Bank | 55,737 | - | 10,438 | 66,175 | 56,425 | ||||
| 0110 - GiftAid - Envelopes 0201 -Otherplanned giving |
5,850 7,600 |
- - |
- 1,560 |
5,850 9,160 |
4,927 10,025 |
||||
| 0301 - Loose plate collections | 8,102 | - | - | 8,102 | 5,698 | ||||
| 0401 - Mission/Charities | - | - | 3,085 | 3,085 | 3,153 | ||||
| 0550 - Donations appealsetc | 5,753 | - | - | §,753 | 8,523 | ||||
| 0601 -Taxrecoverable on GiftAid | 25,744 | - | 4,965 | 30,709 | 6,958 | ||||
| 0801 -Recurring grants | 54 | - | - | 54 | 54 | ||||
| Donations and | 08A1 ~ Non-recurring one-offgrants legacies Totals |
- 108,840 |
- - |
- 20,048 |
- 128888 |
1,346 97,108 |
|||
| Income from charitable activities | |||||||||
| 0902 -YouthWorkIncomefrom Subscriptions | 1,482 | - | - | 1,432 | 4146 | ||||
| 4101 -Feesforweddings and funerals | 12,689 | - | - | 12,699 | 10,326 | ||||
| 4230 - Church hail lettings | 7,520 | - | - | 7,520 | 3,786 | ||||
| Incomefrom charitable activities Totals | 21,651 | - | - | 21,651 | 14,257 | ||||
| Othertrading activities | |||||||||
| 1240 - Church hail Renewable Energy | 920 | - | - | 920 | 370 | ||||
| 1260 - Magazine Sates and Photocopy use | 11 | - | - | 11 | 27 | ||||
| Othertrading activities Totais | 931 | - | - | 934 | 398 | ||||
| Investments | |||||||||
| 4001 -Dividends | 969 | . | - | 969 | 1,032 | ||||
| 1020 - Bank and building society interest | 252 | - | - | 252 | 13 | ||||
| 1030 - Rentfrom fands or buiktings | 6,125 | - | - | 6,125 | 6,900 | ||||
| InvestmentsTotals | 7,346 | - | - | 7,346 | 7,945 | ||||
| Other income | |||||||||
| 1330 - Refunds | 4,931 | - | - | 4,931 | 796 | ||||
| Otherincome Totals | 4,931 | - | - | 4,931 | 736 | ||||
| TotalReceipts | 143,700 | - | 20,048 | 163,747 | 120,505 |
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St. Lawrence Church, Biddulph
Financial statements for the year ending 31 December 2022
Receipts and Payments Account
----- Start of picture text -----
||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Gomestricted|Designated|Restricted|Total 2022|‘Total 2024|
|£|£|£|£|£|
|Payments|.|ae|
|Expenditure|on|charitable|activities|
|1720|- Outreach|Costs|836|-|-|836|259|
|1801|- Giving|to|missionary|societies|3,569|-|248|3,817|4,500|
|1830|- Giving|-|Christian|Organisations|2,734|-|1,353|4,088|2,624|
|4850|- Home|mission|1,508|-|186|1,694|2,812|
|4870|- General|charities|2,700|-|1,982|4,682|2,833|
|4910|- Ministry|parish|share|etc|62,139|-|-|62,139|51,276|
|2002|- Youthwork|Salary|Cosis|-|-|12,260|42,260|10,325|
|2003|- Youthwork|Pension|Costs|-|-|894|894|654|
|2004|- Youthwork|Training|Costs|340|-|-|340|-|
|2005|- Youthwork|Expenses|2,802|-|-|2,802|874|
|2050|-|Salary|of parish|administrator|10,035|-|~|10,035|9,402|
|2130|-|Parsonage|house|expenses|2,416|-|-|2,416|1,377|
|2160|-|Bank|Charges|472|-|-|472|461|
|2301|- Church|running|-|insurance|3,831|-|-|3,831|3,705|
|2310|- Church|office/Administration|4,890|-|-|4,890|4,947|
|2330|- Church|maintenance|1,061|-|~|1,061|1,451|
|2331|- Church|running|-|Cleaning|3,451|-|-|3,451|3,133|
|2340|-|Upkeep|of services|4,163|-|-|4,163|2,660|
|2370|- Visiting|speakers/locums/Candidates|791|-|-|791|985|
|2401|- Church|running-|electric|2,063|-|-|2,063|1,774|
|2410|- Church|running|- gas|4,333|-|-|4,333|4,209|
|2420|-|Church|Yard|- water|47|-|-|47|40|
|2501|- Magazine|expenses/Photocopy/Priniting|4,170|-|-|4,170|4,149|
|2510|-|School|House|running|-|gas|375|-|-|375|383|
|2511|- School|House|running|-|electricity|322|-|-|322|301|
|2512|-|School|House|running|- water|50|-|-|50|44|
|2513|-|School|House|running|-|Council|tax|451|-|-|451|451|
|2520|-|Hall|running|-|cleaning|2,363|-|-|2,363|2,063|
|2530|-|Hall|running|-|electricity|683|-|-|688|461|
|2540|-|Hall|running|- gas|2,309|-|-|2,309|1,890|
|2550|-|Hail|running|-|insurance|2,646|-|-|2,646|2,536|
|2560|-|Hail|running|-|maintenance|4,555|-|-|1,555|2,033|
|2580|~|Hall|running|- Water|356|-|-|356|-|
|2590|-|Hall|running|- WiFi|Network|547|~|-|547|547|
|2601|- Governance|costs|examination/audit fee|720|-|-|720|720|
|2701|- Church|Major|Work/Repairs|23,580|-|-|23,580|5,560|
|2801|~|Hall|Major Work/Repairs|6,490|-|-|6,490|17,641|
|Total|Payments|160,802|-|16,923|177,725|149,081|
|Excess|of Receipts|over Payments|(17,102)|-|3,125.00|(13,977)|(28,576)|
----- End of picture text -----
6
St. Lawrence Church, Bidduiph
Financial statements for the year ending 31 December 2022
Statement of Assets and Liabilities
----- Start of picture text -----
||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Unrestricted|Designated|Restricted|
|Fonds|Funds|Funds|Total 2022|Total 2021|
|£|£|£|£|£|
|Current|Asset|-|Investments|
|65114:|M and G|investments|31,126|~|7,629|38,755|43,056|
|Current Asset|- Cash At|Bank|And|In|Hand|
|6501:|General|Bank|current|account|4,060|-|2,311|6,374|8,602|
|6502:|Youth|Worker Bank|account|-|-|-|-|-|
|6505: Reserve|Bank|deposit account|8,056|-|35,957|44,013|§6,927|
|Total|6510: CCLA (CBF) deposit account|_|12,87224,988|-|38,268-|6312|,|256872|1|72|,|705234|
|Amount owing|to the|church|
|incame|Tax.Recoverable|1,276|-|281|4,557|40,985|
|Liabilities|-|Amounts|owed|by the|church|
|Payments|to|Charities|not yet|presented|-|-|-|*|-|
----- End of picture text -----
The balances of designated and restricted funds at the year end are as follows:
----- Start of picture text -----
|||||||
|---|---|---|---|---|---|
|Total|2022|Total|2021|
|Designated Funds|£|£|
|DesignatedDesignated|-- ChurchYard Bursary|7:|;|--|2,3755,710|
|Designated|- Equip&Tower|-|~|
|Designated|- Southview|-|-|
|Designated|- VicarsDiscretionary|-|214|
|-|8,299|
|Total 2022|Total|20241|
|Restricted|Funds|£|£|
|Restricted|-|CharityFunds|.|-|
|Restricted|-|YouttWorker|:|45,897|42.772|
|45,897|42,772|
----- End of picture text -----
.
Approved by the PCC on 30th January 2023 and signed on their behalf by:
Will Drain puieen Gibeon Flt f0uUlx (Vicar) (Churchwarden)
.
7
St. Lawrence Church, Biddulph
Financial statements for the year ending 31 December 2022
Statement of Assets and Liabilities
Notes to the accounts
-
The financial statements have been prepared in accordance with the Charities SORP guidance using the Receipt and Payments basis.
-
South View Property. The property at South View is vested in the Lichfield Diocesan Trust (LDT) lodged under trust number 81 on behalf of the Vicar and Churchwardens of Biddulph St Lawrence. The church receives income from this property.
-
St Lawrence School House. The School House is held in trust by the Churchwarden's for use by the church.
-
For use by the charity and belonging to the General Purposes Fund:
Movable church fittings held by the Vicar and Churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the Church's inventory, which can be inspected (at any reasonable time).
8