St. Paul’s Church East Molesey
Annual Report and Financial Statements For the year ended 31 December 2022
The Parochial Church Council of the Ecclesiastical Parish of East Molesey, St. Paul is a registered charity number 1127837 Church code 617144
Church Road East Molesey Surrey KT8 9DR
0208 941 2071 office@stpaulmolesey.org.uk http:// www.stpaulmolesey.org.uk
Contents
| Page | |
|---|---|
| Report of the Parochial Church Council | 2 |
| Independent Examiner’s Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9 |
St. Paul’s Church East Molesey
Page 1
Report of the Parochial Church Council
Objectives and activities
The Parochial Church Council of the Ecclesiastical Parish of East Molesey, St. Paul (the “PCC”) has the responsibility of co-operating with the incumbent, Revd. Anne Farmer, in promoting the mission of the Church as partners in the work of the gospel ministry.
The PCC, having had regard to the Charity Commission’s guidance on public benefit, consider that in following these priorities and by furthering the whole mission of the Church (pastoral, evangelistic, social and ecumenical), a benefit is provided to the public in particular by:
-
providing facilities for public worship, pastoral care and spiritual, moral and intellectual development, both for its members and for anyone who wishes to benefit from what the Church offers; and
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promoting Christian values, and service by members of the Church in and to our community, to the benefit of individuals and society as a whole.
It also has oversight of the financial affairs of St. Paul’s Church East Molesey (“St. Paul’s”) and maintenance responsibilities for the buildings thereof.
Financial Review of the Year
No sooner had we begun to recover from the COVID-19 pandemic and return to operating at increased capacity, we were hit by the significant cost inflation experienced by everyone in 2022.
The impact of this was negated somewhat by the significant improvement in income from the hiring out of the Parish Room however. Income increased to some £17,400 in 2022 which is not only an improvement over the previous year (2021: £10,200) but exceeds our pre-pandemic levels by quite some margin (2019: £12,500).
The number of individuals on the Planned Giving Scheme at the end of 2022 was 53 (2021: 54) with a further 21 belonging to the Friends of St Pauls scheme who contribute to the restricted building and organ funds. Due to those contributing who are paying income tax and gift aiding their donations, we were able to recover over £14,000 in tax during the year.
In terms of expenditure, we were grateful that the building remediation costs were a fraction of what they have been in recent years (2020: £50,300) and we continued to maintain tight control of outgoings. Still, some £12,400 was spent as part of the St Paul’s Enhancement Project (SPEP), which covered the refurbishment of the vestry and some architectural services related to the planned reordering of church.
Excluding the building works, we almost managed to cover our costs but we shall need some surpluses to restore our savings from recent deficits and to safeguard against continued inflationary cost pressures.
| £ | |
|---|---|
| Excess of expenditure over income in 2022 | (19,000) |
| ExcludeMajor RemediationandEnhancement (SPEP)works | 16,000 |
| Normalised deficit | (3,000) |
As was the case in 2021, we ended the year with a fully depleted building fund. We will want to raise further funds in 2023 to safeguard ourselves against any unforeseen maintenance requirements of such an old building and to progress the delivery of SPEP. Building materials and other related costs remain high and this needs to be factored into our planning accordingly. The parish is fortunate in that it still has funds saved up but we should not rely on the generosity of past parishioners, including the Truefitt Legacy. The financial shocks arising from the COVID-19 pandemic and subsequent global instability have highlighted the need to keep prudent reserves.
At the year-end, net current assets, including restricted funds, amounted to £202,845 (2021: £221,932).
St. Paul’s Church East Molesey
Page 2
Statement of Trustees Responsibilities
The members of the PCC, who are the Trustees of the charity for the purposes of charity law, are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law, regulations and accounting standards.
Law applicable to charities in England and Wales requires the members of the PCC to prepare financial statements for each financial year which give a true and fair view of the PCC's financial activities during the year and of its financial position at the end of the year. In preparing these financial statements, the members of the PCC are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and accounting estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the PCC will not continue in operation.
The members of the PCC are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the PCC and enable them to ensure that the financial statements comply with the applicable law. They are also responsible for safeguarding the assets of the PCC and for taking reasonable steps for the prevention and detection of fraud and other irregularities.
St. Paul’s Church East Molesey
Page 3
Structure, Governance and Management
The Parochial Church Council of the Ecclesiastical Parish of East Molesey, St Paul is a Church of England parish in the Diocese of Guildford. It is a registered charity, number 1127837, with registered address at 101 Palace Road, East Molesey, Surrey KT8 9DU.
As a parish church within the Church of England (CofE), St. Paul’s is constituted within the Parochial Church Councils (Powers) Measure 1956. Members of the PCC are either ex-officio or elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules and, by dint of membership, become the charity's Trustees. All Church attendees are encouraged to register on the Electoral Roll and to consider standing for election to the PCC. Prospective new PCC members / trustees are advised of PCC membership and Trusteeship duties and responsibilities by means of receipt and discussion of the CofE PCC Standing Orders and the Trusteeship booklet produced jointly by the Archbishop's Council and the Charity Commission.
The PCC meets on a regular basis and is responsible for policy approvals and decisions, significant nonroutine expenditure approval, identification, assessment and mitigation of risks, and other significant decision-making including the ratification of any proposals submitted by church sub-committees.
The Standing Committee, a sub-set of the PCC membership, meets between PCC meetings and may take decisions on the PCC's behalf. The Rev Anne Farmer, incumbent, serves as Chairman of the PCC.
During the year, and up to the date of approval of this Annual Report and Financial Statements, the following served as members of the PCC:
| Churchwarden | Churchwarden | PCC | Deanery | Synod | |||
|---|---|---|---|---|---|---|---|
| Full | Part | Full | Part | Full | Part | ||
| Year | year | Year | year | year | year | ||
| Incumbent | |||||||
| Rev. Anne Farmer | P | ||||||
| Lay Minister | |||||||
| Tony Harris | P | ||||||
| Churchwardens | |||||||
| Gabrielle Clark | P | P | |||||
| Paul Hancock | P | P | |||||
| Laity | |||||||
| Helen Birchall | P | ||||||
| James Bunsell (Treasurer) | P | ||||||
| Samuel Chowdhry | P | ||||||
| Nathalie France | P | ||||||
| Harriet Hill | P | ||||||
| Jane Sachdev | P | P | |||||
| Jenny Hamill | A | ||||||
| Richard Castillo | T | ||||||
| Dayle Hume | T | ||||||
| Jenny Wood | T | ||||||
| Linnet Frederik | R | R |
A Appointed 8 May 2022 T Term expired at APCM 8 May 2022 R Resigned 12 July 2022
St. Paul’s Church East Molesey
Page 4
Reserves
Reserves held reflect two different objectives:
-
(a) Restricted funds are funds which have been given to the PCC for a specific purpose and which are held pending disbursement in accordance with the mandate for which they were given.
-
(b) Unrestricted funds reflect the accumulated unspent net income: these funds are held for prudence in providing a buffer to meet projected or unusual or exceptional needs.
Further details of the reserves held are set out in note 9 to the Financial Statements. There are no funds in deficit.
Approved by the Parochial Church Council on 13th March 2023
Rev. Anne Farmer Incumbent
St. Paul’s Church East Molesey
Page 5
Independent Examiner’s Report to the Members of the Parochial Church Council of East Molesey, St. Paul’s
I report on the accounts for the year ended 31st December 2022, which are set out on pages 7 to 15.
Respective responsibilities of the Trustees and Independent Examiner
The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the '2011 Act '), and that an independent examination is required.
It is my responsibility to:
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a) examine the accounts under section 145 of the 2011 Act;
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b) follow such procedures laid down in the General Directions given by the Charity Commissioners under section 145(5)(b) of the 2011 act; and
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c) state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commission.
An examination includes a review of the accounting records kept by the charity and a comparison of the accounts with those records. It also includes consideration any unusual items or disclosures in the accounts, and seeking explanations from the management committee concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
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
-
a) to keep accounting records in accordance with section 130 of the 2011 Act; and
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b) to prepare accounts which accord with these accounting records and comply with the accounting requirements of the Charities Act
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have not been met; or
-
2) which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Martin Perrin MA, FCA, Chartered FCSI
- 26[th] March 2023
39 Station Road Thames Ditton Surrey KT7 0PA
St. Paul’s Church East Molesey
Page 6
Statement of Financial Activities
For the year ended 31 December 2022
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | ||
|---|---|---|---|---|---|---|---|
| Funds | Funds | 2022 | Funds | Funds | 2021 | ||
| Note | £ |
£ | £ | £ | £ | £ | |
| Income | 2 | ||||||
| Voluntary income | 72,367 | 12,481 | 84,848 | 83,569 | 3,307 | 86,876 | |
| Activities for generating funds | 311 | - | 311 | 1,113 | - | 1,113 | |
| Church activities | 23,083 | - | 23,083 | 14,118 | - | 14,118 | |
| Income from investments | 1,252 | 1,887 | 3,139 | 939 | - | 939 | |
| Other incomingresources | 2,385 | - | 2,385 | - | - | - | |
| Total income | 99,398 | 14,368 | 113,766 | 99,739 | 3,307 | 103,046 | |
| Expenditure | 3 | ||||||
| Cost of generating voluntary | |||||||
| income | - | - | - | - | - | - | |
| Church activities | 120,230 | 12,623 | 132,853 | 124,881 | 4,481 | 129,362 | |
| Governance costs | - | - | - | - | - | - | |
| Totalexpenditure | 120,230 | 12,623 | 132,853 | 124,881 | 4,481 | 129,362 | |
| Net incoming/(outgoing) | |||||||
| resources | (20,832) | 1,745 | (19,087) | (25,142) |
(1,174) | (26,316) | |
| Transfers between funds | - | - | - | - | - | - | |
| Net movement in funds | (20,832) | 1,745 | (19,087) | (25,142) |
(1,174) | (26,316) | |
| Balances broughtforward | 221,230 | **702 ** | **221,932 ** | 246,372 | 1,876 | 248,248 | |
| Balances carried forward | 200,398 | 2,447 | 202,845 | 221,230 | 702 | 221,932 |
The notes on pages 9 to 15 form part of these financial statements.
St. Paul’s Church East Molesey
Page 7
Balance Sheet
As at 31 December 2022
| Charity number 1127837 | Charity number 1127837 | Charity number 1127837 | Charity number 1127837 | |||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |||
| Funds | Funds | 2022 | Funds | Funds | 2021 | |||
| Note | Note £ |
£ | £ | £ | £ | £ | ||
| Fixed Assets | ||||||||
| Tangiblefixed assets | - | - | - | - | - | - | ||
| - | - | - | - | - | - | |||
| Current assets | ||||||||
| Debtors and prepayments | Debtors and prepayments 7 |
(107) | 2,447 | 2,340 | 347 | 702 | 1,049 | |
| Cash | 203,368 | - | 203,368 | 222,264 | - | 222,264 | ||
| 203,261 | 2,447 | 205,708 | 222,611 | 702 | 223,313 | |||
| Current liabilities | 8 | (2,863) | - | (2,863) | (1,381) | - | (1,381) | |
| Net current assets | 200,398 | 2,447 | 202,845 | 221,230 | 702 | 221,932 | ||
| NetAssets | 200,398 | 2,447 | 202,845 | 221,230 | 702 | 221,932 | ||
| Parish Funds | 9 | 200,398 | 2,447 | 202,845 | 221,230 | 702 | 221,932 |
The notes on pages 9 to 15 form part of these financial statements.
These financial statements were approved by the Parochial Church Council on 13[th] March 2023.
Signed on behalf of the Parochial Church Council
James Bunsell PCC Treasurer
St. Paul’s Church East Molesey
Page 8
Notes to the Financial Statements
For the year ended 31 December 2022
1 Accounting policies
(a) General information
The Parochial Church Council of the Ecclesiastical Parish of East Molesey, St Paul is a registered charity, number 1127837 and having its registered address at 101 Palace Road, East Molesey, Surrey KT8 9DU.
The principal activities of the Parochial Church Council are described in the Report on page 2.
(b) Basis of preparation
The financial statements have been prepared on an accruals basis and in accordance with the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (as updated), the Church Accounting Regulations 2006 and the Charities Act 2011.
The financial statements have been prepared under the historical cost convention.
The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor do they include groups that are informal gatherings of church members.
The PCC have formed a judgement, at the time of approving the financial statements, that there is a reasonable expectation that the Parochial Church Council has adequate resources to continue in operational existence for the foreseeable future. For this reason the PCC continue to adopt the going concern basis in preparing the financial statements.
(c) Funds
General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application to the general purposes of the PCC.
Designated funds are those General funds which have been set aside by the PCC for a particular purpose.
Restricted funds are those funds that must be spent on restricted purposes and details of the funds held and restrictions are provided in note 9.
(d) Incoming Resources
Voluntary income and capital sources
Offerings and collections are recognized when received by or on behalf of the PCC. Planned giving receivable under Gift Aid is recognized only when received. Tax recoverable on Gift Aid donations is recognized when the donation is recognized.
Grants and legacies to the PCC are accounted for when the PCC is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the PCC is reasonably certain.
Statutory Parochial fees are receivable on weddings, funerals and other events, and that part of the fees due to the PCC are included in these accounts. The PCC also collects and pay over fees due to the Diocese of Guildford.
Rental income from the letting of church property is recognized on an accruals basis.
Dividends are accounted for when received. The impact of account upon receipt rather than ex-date is not considered material.
Interest entitlements are accounted for as they accrue or, where not material, upon receipt.
The value of services provided by volunteers is not accounted for in these financial statements.
St. Paul’s Church East Molesey
Page 9
Notes to the Financial Statements
For the year ended 31 December 2022
(e) Resources Used
Activities directly relating to the work of the Church are expensed as incurred.
The Diocesan Parish Share is accounted for when due.
(f) Fixed assets
Consecrated property and movable church furnishings
Consecrated and beneficed property of any kind is excluded from the financial statements pursuant to s.10.2 of the Charities Act 2011. Movable church furnishings held by the Vicar and Churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property unless consecrated: they are listed in the Church's inventory, but are not recorded as assets of the PCC.
All expenditure incurred in the year on consecrated or beneficed buildings, and the repair of movable church furnishings is written off in the year they are incurred.
Church Hall
Historic costs of building the Church hall were expensed as incurred. Current monies expended on surveying and architects fees have likewise been expensed as incurred.
Fixtures, fittings and office equipment
Small value items under £1,000 are treated as operating expenses. Where office equipment is capitalised, it is written off over its expected useful life, normally between 3 and 5 years.
St. Paul’s Church East Molesey
Page 10
Notes to the Financial Statements
For the year ended 31 December 2022
2 Incoming resources
| 2 Incoming resources | ||||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |
| Funds | Funds | 2022 | Funds | Funds | 2021 | |
| £ | £ | £ | £ | £ | £ | |
| Voluntary income | ||||||
| Planned giving: | 52,213 | - | 52,213 | 57,297 | - | 57,297 |
| Collections | 1,924 | - | 1,924 | 1,220 | - | 1,220 |
| Other donations, appeals | 2,760 | 11,459 | 14,219 | 9,458 | 3,307 | 12,765 |
| Tax recoverable | 13,306 | 1,022 | 14,328 | 13,844 | - | 13,844 |
| Legacies | - | - | - | - | - | - |
| Grants from Charitable trusts | 2,000 | - | 2,000 | 750 | - | 750 |
| Grants frompublic bodies | 164 | - | 164 | 1,000 | - | 1,000 |
| **72,367 ** | **12,481 ** | 84,848 | 83,569 | 3,307 | 86,876 | |
| Activities for generating | ||||||
| funds | ||||||
| Social events & activities | 113 | - | 113 | - | - | - |
| Sale of Tradecraft goods | - | - | - | - | - | - |
| Other | 198 | - | 198 | 1,113 | - | 1,113 |
| 311 | - | 311 | 1,113 | - | 1,113 | |
| Church activities | ||||||
| Fees | 5,674 | - | 5,674 | 3,906 | - | 3,906 |
| Hall Lettings | 17,409 | - | 17,409 | 10,212 | - | 10,212 |
| Other | - | - | - | - | - | - |
| 23,083 | - | 23,083 | 14,118 | - | 14,118 | |
| Income from investments | ||||||
| Bank interest | 1,252 | - | 1,252 | 939 | - | 939 |
| Bank interest | - | **1,887 ** | **1,887 ** | -- | - | - |
| **1,252 ** | **1,887 ** | 3,139 | 939 | - | 939 | |
| Other incoming resources | ||||||
| Insurance claims | 2,385 | - | 2,385 | - | - | - |
| 2,385 | - | 2,385 | - | - | - | |
| Total incoming resources | 99,398 | 14,368 | 113,766 | 99,739 | 3,307 | 103,046 |
St. Paul’s Church East Molesey
Page 11
Notes to the Financial Statements
For the year ended 31 December 2022
3 Resources expended
| 3 Resources expended | |||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | ||
| Funds | Funds | 2022 | Funds | Funds | 2021 | ||
| £ | £ | £ | £ | £ | £ | ||
| Cost of generating | |||||||
| voluntary income | |||||||
| Cost ofactivities | - | - | - | - | - | - | |
| - | - | - | - | - | - | ||
| Church activities | |||||||
| Missionary & Charitable | |||||||
| Giving | 4 | 2,550 | 6,113 | 8,663 | 4,180 | 2,643 | 6,823 |
| Parish Share and clergy | |||||||
| costs to Diocese | 76,266 | - | 76,266 | 70,700 | - | 70,700 | |
| Salaries, wages and | |||||||
| honoraria | 5 | 13,499 | - | 13,499 | 9,148 | - | 9,148 |
| Costs of ministry and | |||||||
| mission | 2,053 | - | 2,053 | 1,956 | - | 1,956 | |
| Church and Hall running | |||||||
| & maintenance | 12,967 | 840 | 13,807 | 7,757 | 1,838 | 9,595 | |
| Major Remediation and | |||||||
| Enhancement works | 10 | 10,318 | 5,670 | 15,988 | 28,512 | - | 28,512 |
| Upkeep of churchyards | 508 | - | 508 | - | - | - | |
| Management & admin | |||||||
| costs | 2,069 | - | 2,069 | 2,628 | - | 2,628 | |
| 120,230 | 12,623 | 132,853 | 124,881 | 4,481 | 129,362 | ||
| Governance costs | |||||||
| Independent examiner | - | - | - | - | - | - | |
| - | - | - | - | - | - | ||
| Total resources | |||||||
| expended | 120,230 | 12,623 | 132,853 | 124,881 | 4,481 | 129,362 |
St. Paul’s Church East Molesey
Page 12
Notes to the Financial Statements
For the year ended 31 December 2022
4 Missionary and charitable giving
Charitable giving out of St Paul’s Church funds was disbursed as follows:
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | |
| Children’s Society | - | 100 | 100 | 500 |
| Christian Aid / Crisis | 750 | - | 750 | 500 |
| Compassion UK | 50 | 273 | 323 | 586 |
| Diocese in Europe (Ukraine) | - | 250 | 250 | - |
| East Elmbridge Food Bank | - | 250 | 250 | 500 |
| Elmbridge Can (Afghani refugees) | 500 | - | 500 | - |
| Hope Gardens | 500 | - | 500 | 500 |
| Linnett | - | 5,240 | 5,240 | - |
| Palliative Care SL (fmly | ||||
| Shepherd's Hospice) | 250 | - | 250 | - |
| St Peter’s Church, West Molesey | 500 | - | 500 | - |
| Brite Box | - | - | - | 250 |
| Covax (UNICEF) | - | - | - | 2,307 |
| Kingston Hospital Eye Unit Appeal | - |
- | - | 150 |
| Leprosy Mission | - | - | - | 150 |
| Molesey Churches Night Shelter | - | - | - | 500 |
| Rocha UK (Eco Church) | - | - | - | 90 |
| Save The Children (Esher) | - | - | - | 250 |
| Royal Marsden Hospital | - | - | - | 250 |
| Toilet Twinning | - | - | - | 290 |
| Total | 2,550 | 6,113 | 8,663 | 6,823 |
5 Staff costs
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Wages, salaries and other staff costs | 12,470 | 8,727 |
| Social security costs | - | - |
| Other honoraria and staffcosts | 1,029 | 421 |
| Total resources expended | 13,499 | 9,148 |
The average number of full or part-time equivalent employees in the year was 4 (2021: 3).
During the year Nathalie France, a member of the PCC, was appointed as a part time parish administrator. Remuneration for this amounted to £3,432 during the year. No other trustee (PCC member) received any remuneration or received any other employment benefits during the year or prior year. Clergy are not included in the staff costs above as they are office holders not employed by the PCC. In addition to employees, the cost of certain other service providers is included in Other honoraria and staff costs.
6 Payments to PCC members
2 (2021: 4) trustees received expenses to the value, in total, of £3,149 (2021: £2,727) in respect of Church and Church Hall repairs, Churchyard maintenance, travel and other costs incurred on behalf of the PCC during their tenure as a trustee. Remuneration paid to a PCC member is disclosed in note 5 above.
St. Paul’s Church East Molesey
Page 13
Notes to the Financial Statements
For the year ended 31 December 2022
7 Debtors and prepayments
| 7 Debtors and prepayments | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |
| Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | |
| Gift aid tax recoverable | 1,013 | - | 1,013 | 1,049 |
| Accrued income and other debtors | 1,327 | - | 1,327 | - |
| Restricted funds held in unrestricted bank | ||||
| account | (2,447) | 2,447 | - | |
| (107) | 2,447 | 2,340 | 1,049 |
8 Creditors – amounts falling due within one year
| 8 Creditors – amounts falling due within one year | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Accruals and deferred income | 1,125 | 1,022 |
| Other creditors | 1,738 | 359 |
| 2,863 | 1,381 |
9 Funds
General funds
| 9 Funds General funds |
|||||
|---|---|---|---|---|---|
| Opening | Closing | ||||
| Balance | Income | Expenditure | Adjustments | balance | |
| £ | £ | £ | £ | £ | |
| Undesignated general funds | 219,966 | 99,398 | (119,774) | - | 199,590 |
| Designated funds: | |||||
| Organ maintenance | 1,264 | - | (456) | - | 808 |
| 221,230 | 99,398 | (120,230) | - | 200,398 |
Restricted funds
Restricted funds are funds which have been given to the PCC for a specific purpose and which are held pending disbursement in accordance with the mandate for which they were given:
| Opening | Closing | ||||
|---|---|---|---|---|---|
| Balance | Income | Expenditure | Adjustments | balance | |
| £ | £ | £ | £ | £ | |
| Building repair and maintenance | - | 5,670 | (5,670) | - | - |
| Organ maintenance | 429 | 381 | - | - | 810 |
| Leisem fund | 273 | - | (273) | - | - |
| Linnet | - | 5,240 | (5,240) | - | - |
| Wall card reader | - | 840 | (840) | - | - |
| Children’s Society | - | 100 | (100) | - | - |
| Diocese in Europe (Ukraine) | - | 250 | (250) | - | - |
| LegacyPoor funds | - | 1,887 | (250) | - | 1,637 |
| 702 | 14,368 | (12,623) | - | 2,447 |
The PCC has historically received income from the St Paul Kent Town Parochial Charities (“SPKTPC”). The capital sums involved were so small that the administrative burden was considered disproportionate. During the year, the investments held by SPKTPC were sold and the capital, amounting to £1,796
devolved to the PCC account at St Paul’s. This capital, together with £91 of continuing income, has been credited to a restricted fund to be deployed in alignment with the historic aims of SPKTPC, being broadly the support of the poor.
St. Paul’s Church East Molesey
Page 14
Notes to the Financial Statements
For the year ended 31 December 2022
10 Major Remediation and Enhancement works
| Major Remediation and Enhancement | works can be analysed as to: | works can be analysed as to: | |
|---|---|---|---|
| Total | Total | Total | |
| 2022 | 2021 | 2020 | |
| £ | £ | £ | |
| Remediation works | 3,544 | 1,153 | 50,349 |
| StPaul’sEnhancementProject | 12,444 | 27,359 | 9,825 |
| Total | 15,988 | 28,512 | 60,174 |
11 Related party transactions
There were no transactions with any trustee in their capacity as trustee. Reimbursements for normal out of pocket expenses incurred in the performance of various duties as Clergy, or as members of a PCC committee, as the case may be, are set out in note 6 above.
St. Paul’s Church East Molesey
Page 15