## Parochial Church Council of the Ecclesiastical Parish of Crewkerne
Report and Accounts
Year ended 31 December 2022
## **PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CREWKERNE**
## **CHARITY INFORMATION**
## **FOR THE YEAR ENDED 31 DECEMBER 2022**
|**Members of the Parochial Church Council**|Rev CJ Davis|(appointed 13 January 2022)|(incumbent and chairman)|
|---|---|---|---|
||Mrs C Newman||Church Warden|
||Mrs P Smith||Church Warden|
||Rev D Newman|||
||Miss D Brown|||
||Miss A Caddy|||
||Mrs H Leamon|(resigned May 2022)||
||Mrs S Clark|(resigned May 2022)||
||Mrs A Cossins|||
||Mrs J Cox|||
||Mrs M Curtis|(resigned Feb 2022)||
||Mrs V Curtis|||
||Mrs H Royle|(resigned December 2022)||
||Mr A Taylor|(resigned October 2022)||
||The Very Rev R Key|||
||Mr G Harrison|(appointed October 2022)||
||Ms C Duncan-Smith|(appointed November 2022)||
||Mr J Jevons|(appointed December 2022)||
|**Charity Registration Number**|1127639|||
|**Charity Name**|St Bartholomews, Crewkerne|||
|**Principal Address**|St Bartholomew's Curch|||
||Abbey Street|||
||Crewkerne|||
||TA18 7HY|||
|**Independent Examiner**|Sarah Crispin ACA|||
||Stewardship|||
||1 Lamb's Passage|||
||London|||
||EC1Y 8AB|||
|**Bankers**|Natwest Bank|||
||10 East Street|||
||Ilminster|||
||Somerset|||
||TA19 0AA|||
|**Contents**|||**Page**|
|Charity Information|||1|
|Annual Report of the Members of the Parochial Church Council|||2-4|
|Independent Examiner's Report|||5|
|Statement of Financial Activities|||6|
|Balance Sheet|||7|
|Notes to the Accounts|||8-15|
|Detailed Statement of Financial Activities with Comparatives|||16|
Page 1
## **PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CREWKERNE**
## **ANNUAL REPORT OF THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL**
## **FOR THE YEAR ENDED 31 DECEMBER 2022**
The Members of the Parochial Church Council (the 'PCC'), who are the charity's trustees for the purposes of charity law, have pleasure in presenting their report together with the financial statements for the year.
## **Objects of the charity**
The charity is responsible for co-operating with the Incumbent, in promoting in the ecclesiastical parish, the whole mission of the Church be it pastoral, evangelistic, social or ecumenical. The PCC is also responsible for maintaining certain church property, namely St Bartholomew's Parish Church and Church Hall, Crewkerne and the Church of the Good Shepherd, Hewish,Somerset.
## **Summary of the charity's main activities and achievements**
To further the above objects and vision, the charity's main activities and achievements were as follows:
A service of Holy Communion was held on each Sunday and Wednesday morning. The live streaming equipment made it possible to view Sunday Services on YouTube. The Church has been open for prayer and/or visiting on each day of the year. The Trustees have paid due regard to the guidance given by the Charity Commission on public benefit when deciding what activities the charity should undertake.
An 'All Age' Service on the 3rd Sunday of each month was started during the year with a Sunday Club being held for children up to the age of 11 on most other Sundays.
Schools in the area have been able to use the Church for special events and services. Easter, Remembrance Day and Christmas services were well supported. In the Church Hall, 'Little Sunbeams', a mother and baby group meet once a week during the school term, 'Coffee Pot', a coffee morning and Mothers Union meet once a month. A picnic lunch was held to celebrate both Pentecost and the Queen's 70th Jubilee. A civic memorial service was held on 18th September following the death of Her Majesty, Queen Elizabeth II.
House groups for Bible study and a monthly Prayer Meeting have been introduced.
The Church maintains a regularly updated website and the 'Voice', a monthly parish magazine.
In planning the activities the PCC have applied the guidance on public benefit issued by the Charity Commission.
## **Structure, Governance and Management**
The charity is registered with the Charity Commission and operates under the Charities Act 2011. The governing documents for the charity are the Parochial Church Councils (Powers) Measure 1956 (as amended) and the Church Representation Rules.
The appointment of PCC members is governed by, and set out in, the Church Representation Rules. The PCC comprises ex-officio members (which includes clergy and churchwardens), elected members and co-opted members. The PCC organise elections annually before the Annual Parochial Church Meeting (APCM) to fill vacancies.
Page 2
## **PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CREWKERNE**
## **ANNUAL REPORT OF THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL**
## **FOR THE YEAR ENDED 31 DECEMBER 2022**
Responsibility for setting policy and for making operating decisions rests with the PCC who meet regularly to agree the activities of the charity and monitor the financial performance. Responsibility for the day to day operation of the charity has been delegated to a Standing Committee led by the incumbent.
## **Financial review**
During the year income decreased by £2,606, to £67,472, and expenditure increased by £1,604, to £87,828. As a result the deficit for the year before investment gains/losses increased by £4,209, to £20,356. Investment losses were £56,995 and the charity's net assets decreased to £457,484 and net current assets decreased to £30,362.
## **Reserves policy**
The PCC have determined that the charity should aim to hold unrestricted cash of no less than £15,000 (which equates to about 2 months' of unrestricted expenditure) so that the charity could continue to operate should income and / or expenditure vary adversely. At the year end, the charity held unrestricted cash of £23,523 and the charity is complying with its reserves policy.
## **Going concern**
There are no going concern uncertainties
## **Key risks and uncertainties**
The charity is exposed to various risks - be they operational, financial or reputational. The PCC review the charity's activities regularly to identify significant risks and, where possible, they take appropriate measures to mitigate those risks.
## **Other matters**
With regard to the PCC’s obligations to safeguard children and vulnerable adults, the members of the PCC confirm that they have complied with their duties under section 5 of the Safeguarding and Clergy Discipline Measure 2016.
The Diocese have assessed the PCC’s Parish Share to be £46,012 for the year to 31 December 2022; having reviewed the PCC’s finances, the members of the PCC have paid this assessment in full.
The last quinquennial inspection was held in 2020; Having revisited its findings, the members of the PCC have determined that some immediate external work is now required; this is expected to cost up to £5,000. During 2022 water ingress has caused deterioration of the wooden floor of the Woolminstone Chapel. This problem and the replacement of a leaking radiator requires repair in the next 6 months, with an anticipated cost of £12,000.
Page 3
## **PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CREWKERNE**
## **ANNUAL REPORT OF THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL**
## **FOR THE YEAR ENDED 31 DECEMBER 2022 Statement of Responsibilities of the Members of the Parochial Church Council**
The PCC is responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Charity law requires the PCC to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity as at the balance sheet date and of its incoming resources and application of resources for the financial year. In preparing these financial statements, the PCC are required to:
1. select suitable accounting policies and apply them consistently;
2. observe the methods and principles in the Charities SORP;
3. make judgements and estimates that are reasonable and prudent;
4. state whether the applicable accounting standards have been followed, subject to any material
departures disclosed and explained in the financial statements; and
5. prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.
## **Approval**
This report was approved by the PCC and signed on their behalf by:
Rev CJ Davis
_____________________________________ Rev CJ Davis
Date: 15 May 2023
Page 4
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL OF**
## **PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CREWKERNE ('the Charity')**
I report to the members of the PCC (who are also the charity's trustees) on my examination of the accounts of the Charity for the year ended 31 December 2022 on pages 6 to 16 following, which have been prepared on the basis of the accounting policies set out on pages 8 and 9.
## **Responsibilities and basis of report**
As members of the PCC you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.
I 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.
Sarah Crispin
Sarah Crispin ACA Stewardship 1 Lamb's Passage London EC1Y 8AB
Date: 18 May 2023
Page 5
## **PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CREWKERNE**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **FOR THE YEAR ENDED 31 DECEMBER 2022**
|Note
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
6
**Total income and endowments**
**EXPENDITURE ON:**
Charitable activities
7
**Total expenditure**
**Net gains/(losses) on investments**
**Net income/(expenditure)**
**Transfers between funds**
14
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
14|Unrestricted
Funds
£
43,051
1,491
8,073
10,082
62,697
87,828
87,828
(44,842)
(69,973)
-
(69,973)
417,031
347,058|Restricted
Funds
£
2,000
-
-
2,167
4,167
-
-
(10,107)
(5,940)
-
(5,940)
85,380
79,440|Endowment
Funds
£
-
-
-
608
608
-
-
(2,046)
(1,438)
-
(1,438)
32,424
30,986|Total
Funds
2022
£
45,051
1,491
8,073
12,857
67,472
87,828
87,828
(56,995)
(77,351)
-
(77,351)
534,835
457,484|Total
Funds
2021
£
49,952
559
6,835
12,732|
|---|---|---|---|---|---|
||||||70,078|
||||||86,224|
||||||86,224|
||||||61,677|
||||||45,531
-|
||||||45,531
489,304|
||||||534,835|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing operations.
The notes on page 8-15 form part of these accounts.
Page 6
## **PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CREWKERNE**
## **BALANCE SHEET**
## **AS AT 31 DECEMBER 2022**
|Note
**FIXED ASSETS**
Tangible assets
9
Investments
10
**CURRENT ASSETS**
Debtors
11
Cash at bank and in hand
12
**CREDITORS: Amounts falling**
**due within one year**
13
**Net current assets / (liabilities)**
**Total assets less current liabilities**
**TOTAL NET ASSETS**
**FUND BALANCES**
14
Unrestricted Funds
Restricted Funds
Endowment Funds|Unrestricted
Funds
£
2,527
336,069
338,596
5,188
23,523
28,711
(20,249)
8,462
347,058
347,058
347,058
-
-
347,058|Restricted
Funds
£
-
73,160
73,160
-
6,280
6,280
-
6,280
79,440
79,440
-
79,440
-
79,440|Endowment
Funds
£
-
15,366
15,366
-
15,620
15,620
-
15,620
30,986
30,986
-
-
30,986
30,986|Total
Funds
2022
£
2,527
424,595
427,122
5,188
45,423
50,611
(20,249)
30,362
457,484
457,484
347,058
79,440
30,986
457,484|Total
Funds
2021
£
5,054
481,590|
|---|---|---|---|---|---|
||||||486,644|
||||||7,216
49,162|
||||||56,378
(8,187)|
||||||48,191|
|||||||
||||||534,835|
||||||534,835|
||||||417,031
85,380
32,424|
||||||534,835|
The financial statements were approved by the members of the PCC and were signed on its behalf by:
## Rev CJ Davis
--------------------------------------Rev CJ Davis
Date: 15 May 2023
Charity number: 1127639
The notes on page 8-15 form part of these accounts.
Page 7
## **PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CREWKERNE**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2022**
## **1 Statutory Information**
The Parochial Church Council of the Ecclesiastical Parish of Crewkerne is a charity registered with the Charity Commission in England & Wales. The charity's registered number and principal address can be found on the Charity Information page.
## **2 Accounting Policies**
These financial statements are prepared on a going concern basis, under the historical cost convention. The financial statements include all activities for which the PCC is legally responsible; the activities of informal gatherings of church members and groups that owe their main affiliation to another body and are excluded.
These financial statements have been prepared in accordance with The Church Accounting Regulations 2006, the 'Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)' ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102") and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.
The Charities (Accounts and Reports) Regulations 2008 (the '2008 Regulations') requires charities to prepare their accounts in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005' but this accounting standard has since been withdrawn and has been replaced by the Charities SORP mentioned in the preceding paragraph. The charity has prepared these financial statements in accordance with the new Charities SORP; this departure from the 2008 Regulations is believed to be necessary for these financial statements to give a 'true and fair view'.
The principles adopted in the preparation of the financial statements are set out below.
## a) Going concern
The PCC have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The PCC have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the PCC have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The PCC have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.
## b) Income
Income (which includes planned giving, collections and other donations) is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part income is generally recognised when it is received by, or on behalf of, the PCC. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.
Income from donations and legacies includes:
- i) Recoverable gift aid. This is recognised when the related donation is received. Gift aid that has not been recovered by the balance sheet date is included as a debtor.
- ii) The charity relies on volunteers to carry out many of its activities, particularly. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.
- iii) Legacies. Income from legacies is recognised when a distribution is received from the estate or, if earlier, when the charity has been notified that a distribution will be made and the amount receivable can be measured reliably.
Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects. It includes income from social events held by the church.
Income from other trading activities represents income receivable from activities undertaken to generate funds for the charity. It includes income from weddings, funerals and the parish magazine.
Investment income represents income generated by the charity's assets and includes income arising for the investments and bank interest.
- c) Expenditure
Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.
Page 8
## **PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CREWKERNE**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2022**
Contributions in respect of the diocesan parish share are included in the Statement of Financial Activities for all amounts agreed to being payable for the financial year. Any contributions that have not been paid over by the year end are included as a creditor.
The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.
Expenditure on raising funds comprises the costs incurred on commercial trading activities, fundraising and managing investments.
Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.
## d) Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the PCC in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the PCC for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects. Endowment funds are donations that are retained as capital in accordance with the donor's wishes. The nature of the restriction determines whether the endowments represent permanent endowments or expendable endowments.
## e) Tangible fixed assets
Consecrated and beneficed property is not included in these financial statements by virtue of s.10(2) of the Charities Act 2011. All expenditure on consecrated or beneficed buildings is written off in the year in which it is incurred.
Movable church furnishings held by the incumbent and Churchwardens on special trust for the PCC and which require a faculty for disposal are capitalised in accordance with the policy set out below. These items are regarded as inalienable property and are listed in the church's inventory which can be inspected at any reasonable time. Inalienable property acquired prior to 2000 has not been capitalised as there is insufficient cost information available.
The church halls and certain clergy accommodation are held in trust by the Diocese on behalf of the PCC. These properties are essential for the mission of the church and have been in use for many years but they have not been included in these financial statements as there is insufficient cost information and their depreciated cost is unlikely to be material.
Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £1,000 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged:
|Freehold land|Is not depreciated (because it is not consumed by use)|
|---|---|
|Freehold buildings|Over 50 years after taking account of the building's residual value|
|Leasehold improvements|Over the lease term or, if shorter, expected useful life|
|Equipment|Over 3 years|
The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.
- f) Investments Fixed asset investments are held to generate income and / or for their investment potential. Current asset investments are investments that are held specifically for sale or are investments that the charity expects to sell by the next balance sheet date. Investments, other than social investments (see below), are valued as follows:
- i) Investment property and listed investments are valued at their market value (fair value) at the balance sheet date.
## g) Taxation
- The charity has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.
## h) Financial instruments
- The charity's financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Except for loans, creditors and debtors are measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive). The charity recognises liabilities for the principal of those loans that remains outstanding at the year end (i.e. the liabilities exclude any interest chargeable on the loans in future years).
- i) Critical accounting estimates and areas of judgement
- The members of the PCC do not consider that there are any material sources of estimation or uncertainty at the balance sheet date that could result in a material adjustment to the carrying values of assets and liabilities in the next reporting period.
Page 9
## **PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CREWKERNE**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2022**
## **3 Donations and legacies**
|Planned giving - Gift Aid
Other planned giving
Church collections
Church boxes and other donations
Legacies receivable
Income tax recoverable
**4**
**Income from charitable activities**
Social events and coffee sales
Christmas tree festival
Book sales
**5**
**Income from other trading activities**
Church Hall lettings
Wedding fees
Funeral fees
Magazine income
**6**
**Investment income**
Dividends
Bank interest
**7**
**Charitable expenditure**
**a**
**Costs incurred directly on specific activities**
Ministry expenses:
Parish share
Ministry staff employment costs
Clergy expenses
Other ministry expenses
Cost of events
Parish magazine and bookstall
Training costs
Property expenses:
Operational costs for church
Major repairs to church
Operational costs for church hall
Grants payable|2022
£
23,933
2,496
4,496
3,344
3,000
7,782
45,051
2022
£
1,351
-
140
1,491
2022
£
-
1,338
2,743
3,992
8,073
2022
£
12,723
134
12,857
2022
£
46,012
6,604
1,429
1,485
391
2,381
-
58,302
8,197
2,238
3,469
13,904
68
72,274|2021
£
21,847
2,407
4,359
928
11,854
8,557|
|---|---|---|
|||49,952|
|||2021
£
127
432
-|
|||559|
|||2021
£
256
2,098
3,167
1,314|
|||6,835|
|||2021
£
12,709
23|
|||12,732|
|||2021
£
46,815
7,116
(4)
501
-
-
88|
|||54,516
12,378
1,226
3,616|
|||17,220
1,170|
|||72,906|
Page 10
## **PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CREWKERNE**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2022**
|**b**
**Costs incurred on support & administration**
Governance costs
Independent examiner's fee
Other
Administrative staff employment costs
Printing, postage and stationery
Subscriptions and professional fees
Office costs
Depreciation of tangible fixed assets
Insurance
**Total expenditure**|1,020
504
1,524
4,217
72
288
1,504
2,527
5,422
15,554
87,828|720
2,187|
|---|---|---|
|||2,907
3,387
255
202
804
2,527
3,236|
|||13,318|
|||86,224|
The fee payable to the independent examiner for examining the accounts was £1,020 (2021: £720); in addition the charity paid £217 (2021: £nil) to Stewardship for payroll bureau.
## **8 Analysis of staff costs, the cost of key management personnel and trustee remuneration and expenses**
The average monthly number of employees during the year was 1 (2021: 0). Most of the charity's activities are carried out by l t
No staff received salaries at a rate of more than £60,000 per annum.
The charity's key management comprise the members of the PCC and the key staff named on the Charity Information page. Total employment benefits payable to key management for the year were as follows:
|Other
Employer
Wages &
employment
pension
salaries
benefits
contributions
Members of the PCC
Gordon Harrison
3,640
-
-|2022
£
3,640|
|---|---|
||3,640|
The amounts payable in the previous year were £nil.
Gordon Harrison served as church administrator from September and received the above payments for serving in that capacity, not for serving as a member of the PCC; these payments are permitted by the charity's governing document.
Rev CJ Davis (who is a clergy member of the PCC) received a stipend from the Diocese and so he is not an employee; some of the Parish Share paid to the Diocese is used to help meet the cost of these stipends. Rev CJ Davis was provided with accommodation (which is customary for clergy) and the cost of this accommodation to the PCC is disclosed in note 8 'Charitable Expenditure'. The charity also reimbursed expenses to Rev CJ Davis; again these costs are disclosed in note 8 'Charitable Expenditure' under the heading 'Clergy expenses'.
Payroll costs included redundancy and termination payments totalling £nil (2021: £3,387) and comprise statutory payments and exgratia payments where this was considered appropriate. Redundancy and termination payments are charged when the liability or obligation arises.
Page 11
## **PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CREWKERNE**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2022**
## **9 Tangible fixed assets**
|Cost
At 1 January 2022
Additions
Gains / (losses) on revaluation
Disposals
At 31 December 2022
Accumulated depreciation
At 1 January 2022
Charge for the year
Eliminated on disposal
At 31 December 2022
Net book value
At 31 December 2022
At 31 December 2021
**10**
**Fixed asset investments**
Cost or fair value brought forward
Purchases during the year
Disposals during the year
Change in value of investments
Provision for impairment
Cost or fair value carried forward
Cost as at 31 December 2022
**11**
**Debtors**
**Falling due within one year:**
Trade debtors
Prepayments and accrued income
**12**
**Cash at Bank and in Hand**
Cash at bank with immediate access
Notice deposits (with a term of three months or less)
Petty cash
**13**
**Creditors: liabilities falling due within one year**
Trade creditors
Accruals|Freehold
Property
£
-
-
-
-
-
-
-
Tompsett
Investment
209,327
-
-
(24,780)
-
184,547
62,235|Leasehold
Improvements
£
-
-
-
-
-
-
-
Lang
Endowment
17,412
-
-
(2,046)
-
15,366
6,609|Fixtures,
fittings and
equipment
£
9,021
9,021
3,967
2,527
6,494
2,527
5,054
Isaacs
Investment
254,851
-
-
(30,169)
-
224,682
150,000|Vehicles
£
-
-
-
-
-
-
-
2022
£
481,590
-
-
(56,995)
-
424,595
218,844
2022
£
957
4,231
5,188
2022
£
32,728
12,602
93
45,423
2022
£
7,210
13,039
20,249|Total
2022
£
9,021
-
-
-|
|---|---|---|---|---|---|
||||||9,021|
||||||3,967
2,527
-|
||||||6,494|
||||||2,527|
||||||5,054|
||||||2021
£
439,913
-
(5,732)
47,409
-|
||||||481,590|
||||||218,844
2021
£
3,181
4,035|
||||||7,216|
||||||2021
£
36,550
12,602
10|
||||||49,162|
||||||2021
£
30
8,157|
||||||8,187|
Page 12
## **PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CREWKERNE**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2022**
## **14 Funds**
During the year the movements in the charity's funds were as follows:
|_Designated Funds_
Hewish Church
Rector's Discretionary Fund
_General Unrestricted Funds_
Unrestricted Funds
Clock
Mission
Music
Pew cushions
Roof
West Window and Fabric
Bells and bell tower
_Restricted Funds_
_Endowment Funds_
Aggregate of funds|Opening
balance
2022
£
18,740
-
18,740
398,291
417,031
10,430
1,975
8,147
1,580
58,199
5,050
-
85,380
32,424
534,835|Incoming
resources
2022
£
2,643
780
3,423
59,274
62,697
265
50
207
40
1,477
128
2,000
4,167
608
67,472|Outgoing
resources
2022
£
(1,993)
(100)
(2,093)
(85,735)
(87,828)
-
-
-
-
-
-
-
-
-
(87,828)|Transfers
in the year
2022
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|Gains and
losses
2022
£
-
-
-
(44,842)
(44,842)
(1,235)
(234)
(964)
(187)
(6,889)
(598)
-
(10,107)
(2,046)
(56,995)|Closing
balance
2022
£
19,390
680|
|---|---|---|---|---|---|---|
|||||||20,070
326,988|
|||||||347,058|
|||||||9,460
1,791
7,390
1,433
52,786
4,580
2,000|
|||||||79,440|
||||||||
|||||||30,986|
|||||||457,484|
## **Analysis of net assets by fund**
The assets and liabilities of the various funds were as follows:
|Tangible fixed assets
Debtors
Investments
Cash at bank and in hand
Creditors falling due within one year|Unrestricted
funds
£
2,527
5,188
336,069
(547)
(16,249)
326,988|Designated
funds
£
-
-
-
24,070
(4,000)
20,070|Restricted
funds
£
-
-
73,160
6,280
-
79,440|Endowment
funds
£
-
-
15,366
15,620
-
30,986|2022
£
2,527
5,188
424,595
45,423
(20,249)|
|---|---|---|---|---|---|
||||||457,484|
Page 13
## **PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CREWKERNE**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2022**
In the previous year the movements in the charity's funds were as follows:
|_Designated Funds_
Hewish Church
_General Unrestricted Funds_
Unrestricted Funds
Clock
Flowers
Mission
Music
Pew cushions
Roof
West Window and Fabric
Streaming equipment
_Restricted Funds_
_Endowment Funds_
Aggregate of funds|Opening
balance
2021
£
17,958
17,958
368,448
386,406
8,898
331
1,685
6,951
1,348
49,655
4,309
73,177
29,721
489,304|Incoming
resources
2021
£
3,736
3,736
58,189
61,925
258
-
49
202
39
1,440
125
5,500
7,613
540
70,078|Outgoing
resources
2021
£
(2,954)
(2,954)
(82,939)
(85,893)
(331)
(331)
-
(86,224)|Transfers
in the year
2021
£
-
5,500
5,500
(5,500)
(5,500)
-
-|Gains and
losses
2021
£
-
49,093
49,093
1,273
241
994
193
7,103
616
10,421
2,163
61,677|Closing
balance
2021
£
18,740|
|---|---|---|---|---|---|---|
|||||||18,740
398,291|
|||||||417,031|
|||||||10,430
-
1,975
8,147
1,580
58,199
5,050
-|
|||||||85,380|
||||||||
|||||||32,424|
|||||||534,835|
## **Analysis of net assets by fund**
In the previous year, the assets and liabilities of the various funds were as follows:
|Tangible fixed assets
Debtors
Investments
Cash at bank and in hand
Creditors falling due within one year|Unrestricted
funds
£
5,054
7,216
380,911
8,998
(3,888)
398,291|Designated
funds
£
-
-
-
23,039
(4,299)
18,740|Restricted
funds
£
-
-
83,267
2,113
-
85,380|Endowment
funds
£
-
-
17,412
15,012
-
32,424|2021
£
5,054
7,216
481,590
49,162
(8,187)|
|---|---|---|---|---|---|
||||||534,835|
## _Designated Funds_
The Hewish Church fund represents the income and expenditure associated with the Hewish Church. The Rector's Discretionary Fund is designated for his use for pastoral needs as they arise.
## _Restricted Funds_
The Clock fund is for repair and maintenance of the clock. The Mission fund restricted to expenditure on Christian Literature
The Music fund is restricted to expenditure on the repair & service of the Church Organ The Pew cushions fund is restricted to the repair and replacement of the pew cushions The Roof fund is restricted to expenditure on roof maintenence
The West Window and Fabric fund is restricted to expenditure on building repairs The Bells and bell tower fund is restricted to expenditure on refurbishment of the bells and tower.
Page 14
## **PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CREWKERNE**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2022**
## _Endowment Funds_
Income from the E S Lang Fund supports the costs of assistant clergy in the parish. The c/f balance on the fund was £15,366. Income from the Sparks Fund is unrestricted by the PCC intends the money to be used for education in the parish. The c/f balance on the fund was £15,620.
## **15 Transactions with related parties**
During the year the charity:
- a) received donations totalling £6,325 (2021: £5,680) from related parties (which includes members of the PCC, any other members of key management and anyone closely connected to them).
- b) paid expenses totalling £1,319 (2021: £2,087) to non-clergy members of the PCC for reimbursement of expenses whilst carrying out duties associated with being PCC members; reimbursements for expenses incurred when acting as agent for the charity or incurred when undertaking employment duties not connected with serving as a PCC member are not included in this disclosure.
## **16 Reconciliation with previously reported funds**
During the year the charity changed its accounting policy for investments and the previous year's results have been restated. Investments are now correctly valued at market value per the SORP rather than at cost. During the year the charity identified a material error in the results reported previously. This error relates to the figures for the daughter church at Hewish not being included with the figures. The comparatives presented in these accounts have been re-stated so that they reflect the application of the new accounting policy and the correction of the error and a reconciliation with the reserves and results reported previously follows:
## _Reconciliation of reserves_
|_onciliation of reserves_||
|---|---|
|2021
£
Previously reported reserves, at 31 December
247,616
Adjustments arising from change of accounting policy and correction of an error in the previous period:
Hewish reserves as at 31 December 2020
17,958
Hewish movement in funds for the 2021 year
782
Revalue of investments to market value as at 31 December 2020
221,069
Market value movement in investments for the year
47,409
Re-stated reserves, at 31 December
534,834|2020
£
250,277
17,958
-
221,069|
||489,304|
_Reconciliation of results_
|_onciliation of results_||
|---|---|
||2021|
||£|
|Previously reported results|(2,661)|
|Adjustments arising from change of accounting policy and correction of an error in the previous period:||
|Hewish reserves as at 31 December 2020|-|
|Hewish movement in funds for the 2021 year|782|
|Revalue of investments to market value|-|
|Market value movement in investments for the year|47,409|
|Re-stated results|45,530|
Page 15
## **PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CREWKERNE**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES**
## **FOR THE YEAR ENDED 31 DECEMBER 2022**
|Note
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
6
**Total income and endowments**
**EXPENDITURE ON:**
Charitable activities:
7
**Total Expenditure**
**Net gains/(losses) on investments**
**Net income/(expenditure)**
**Transfers between funds**
14
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
14||Unrestricted
2022
£
39,708
1,449
8,073
10,044
59,274
85,735
85,735
(44,842)
(71,303)
-
(71,303)
398,291
326,988|Designated
2022
£
3,343
42
-
38
3,423
2,093
2,093
-
1,330
-
1,330
18,740
20,070
Fu|Restricted
2022
£
2,000
-
-
2,167
4,167
-
-
(10,107)
(5,940)
-
(5,940)
85,380
79,440
nds|Endowment
2022
£
-
-
-
608
608
-
-
(2,046)
(1,438)
-
(1,438)
32,424
30,986|Total
2022
£
45,051
1,491
8,073
12,857
67,472
87,828
87,828
(56,995)
(77,351)
-
(77,351)
534,835
457,484|||Unrestricted
2021
£
41,588
432
6,092
10,077
58,189
82,939
82,939
49,093
24,343
5,500
29,843
368,448
398,291|Designated
2021
£
2,864
127
743
2
3,736
2,954
2,954
-
782
-
782
17,958
18,740
Fu|Restricted
2021
£
5,500
-
-
2,113
7,613
331
331
10,421
17,703
(5,500)
12,203
73,177
85,380
nds|Endowment
2021
£
-
-
-
540
540
-
-
2,163
2,703
-
2,703
29,721
32,424|Total
2021
£
49,952
559
6,835
12,732
70,078
86,224
86,224
61,677
45,531
-
45,531
489,304
534,835|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Page 16