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2022-12-31-accounts

The Parish of Frindsbury with Upnor and Chattenden

LOVING – SERVING - CHANGING

Annual report and financial statements for the year ended 31 December 2022

Incumbent

The Reverend Nicholas Cooper Frindsbury Vicarage 4 Parsonage Lane Frindsbury Rochester Kent, ME2 4UR

Registered charity number 1127928

www.allsaintsfrindsbury.org.uk

1

The Parish of Frindsbury with Upnor and Chattenden Annual Report for the year ended 31 December 2022

The report of the PCC has been prepared in accordance with the financial reporting standard for smaller entities (effective January 2005)

OUR PARISH VISION

Our focus as a Church remains summarised in our statement of purpose:

‘Loving – Serving – Changing’.

Governance and Membership as at 31 December 2022

Members of the PCC are either ex-officio or elected at the Annual Parochial Church Meeting. The members of the PCC are the trustees of the charity.

Vicar: The Reverend Nicholas Cooper ( ex officio )

Churchwardens: No Churchwardens were elected in May 2022.

Deanery Synod representatives : Jan Young and Andrew Whiteley (both elected October 2020) LLM/Readers licensed to the Parish: Judith Armitt, Judy Carr, Carole Morrad ( ex officio ) Elected members: Jennifer Barnard, John Bloomfield, Catherine Heffernan, Jane Hughes, Anne Levy, (resigned September 2022) Anne Maillardet (died September 2022), Robert Mayhew, Nan McAleer, Alison Mings (Treasurer), Peter Robbins, Victoria Webster, Elizabeth Williams (all elected May 2022)

Pioneer Minister : The Reverend Sue Vallente-Kerr

The following are not voting members or trustees but in are attendance and/or receipt of papers: PCC Secretary: Sue Jones

The responsibility of members of the PCC as Trustees remains unchanged, ensuring that it is solvent, well run and delivering its charitable purposes.

The PCC met 6 times during 2022 with an average attendance of 71%. The PCC has a Standing Committee which meets to transact minor business between the PCC meetings. It met 3 times during the year.

A new Electoral Roll was prepared in April 2022 and numbered 109.

Although ‘in person’ worship had resumed, provision was still made for those worshipping at home to receive a paper copy of the service and DVD if wished or to join a livestream of the service via Zoom.

2

Risk Management

The PCC has examined the major strategic and operational risks and reviews risks on a regular basis, particularly in the light of Covid-19. The PCC confirms that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to mitigate these risks and any difficulties caused by the need to self-isolate according to guidelines.

All reports received by the PCC from its subcommittees are required to identify and highlight any health and safety risks and implications for safeguarding practice.

The PCC follows the guidelines for Serious Incident Reporting to the Charity Commission and National Safeguarding Team.

Safeguarding

Following the introduction of the Safeguarding and Clergy Discipline Measure 2016:

Vicki Webster continued in her role as Parish Safeguarding Officer.

The PCC has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to have due regard to House of Bishops' guidance on safeguarding children and vulnerable adults) at the appropriate dates of the Measure coming into force.

The PCC adopted the House of Bishops ‘Promoting a Safer Church’ safeguarding policy statement.

All reports received by the PCC from its subcommittees are required to identify and highlight any safeguarding risks.

During the year the PCC Safeguarding subcommittee continued to highlight the importance of safeguarding, to review our practice, to make recommendations and arrange training.

General Data Protection Regulations

Data continues to be stored under the consents granted.

3

A Brief Summary of the Year

During 2022 our pattern of worship continued with 2 services: 8.30am at St Philip & St James, Upnor and 10.00am at All Saints, Frindsbury. Services at 10.00am continued to be live-streamed and materials were sent to those worshipping at home. Our regular activities and events (including Concerts and Christmas Fayre, Tower Ringing and Handbell Ringing) resumed this year.

Our Annual Parochial Church Meeting and Election of Churchwardens was held in All Saints Church on Sunday 29 May 2022.

Ministry to young families continued with monthly meetings through Up4It led by Pioneer Minister, Sue Vallente-Kerr. She also visited schools for assemblies and lessons.

At Christmas, Pioneer Minister, Sue Vallente-Kerr organised hamper deliveries for families in need of some extra help.

Our Baby and Toddler Group, now Little Lights, restarted with additional volunteers in 2022; babies and toddlers met weekly on Tuesdays with parents and carers for activities, toys, Bible story and singing.

The parish walk continued to take part on a monthly basis and was well attended.

Our Drop-In Café re-opened on Tuesday mornings from March 2022 under the new name of Pilgrims’ Pantry, welcoming regular visitors from the church and community. All Saints Craft Group meets monthly within Pilgrims’ Pantry. In April, a community event at the café, followed by a quiz evening, to raise funds for Ukraine, was very well supported by the church and community.

UpChat Café – intergenerational café at St Philip & St James – also re-opened post Covid and has been well attended.

Home Groups have met through the year, for fortnightly Bible study, including a 6 week Lent Course, Women of Holy Week, by Paula Gooder.

The Parish Hall, which underwent major refurbishment in 2021, re-opened under new management. Casual and regular hall bookings have risen considerably, and the PCC is grateful to the volunteers undertaking the bookings and co-ordination of maintenance. A new cleaner was appointed for the Parish Hall and All Saints Church in January 2022.

In October 2022 All Saints Church was awarded with the A Rocha Eco Church Bronze Award. The PCC acknowledged the hard work in the area of EcoChurch by the late Anne Maillardet, who sadly died in September 2022. The Eco Group has continued to meet to discuss priorities. A successful Clothes Swap Event was held as part of a Harvest event in October 2022.

In 2022 in the parish we conducted 8 Baptisms, 1 Thanksgiving for the Gift of a Child, 3 Weddings, 1 Blessing of Marriage, 14 funerals and 16 Interment of Ashes.

Despite another challenging year there were many things to continue to be thankful for including:

4

Buildings and Churchyard

All Saints

St Philip & St James

5

Financial Statements for the Year ended 31 December 2022

Financial Summary

The accounts for 2022 show that for the 12 months to the end of December 2022 there was a surplus on the parish accounts of £3,747 before taking account of the movement in value of the endowment investments. A loss on the valuation of the investments resulted in an overall net loss of £8,566.

Detailed explanation of the full year results

Income from unrestricted funds was above expectations mainly due to a successful trading year for the parish hall. The General fund generated a shortfall of £4,384 while the parish hall made a surplus of £7,917.

The figure for planned giving is very encouraging in the current circumstances and I am grateful to all those who have continued to give by standing order as well as to those who have set up new standing orders.

The Parish Hall had a successful year with income totalling £24,433 from regular hirers and casual bookings. The increased use of the hall by other community organisations as well as for private events reflects the efforts of the parish hall management team and has justified the refurbishment of the facility in particular the improvements to the kitchen made during 2021.

It is also pleasing to note the contribution to the general fund from the cafes launched in 2022 in the parish hall and at Upnor as well as the new children’s group in the parish hall.

General fund costs excluding charitable giving are some £6,000 higher than 2021. Clergy housing costs were exceptionally high as the result of an undiagnosed leak ion the water pipes at the vicarage which has been mended. Administration costs are higher due to the impact of inflation on supplies. The running costs of the 2 churches and the parish hall are higher in 2022 compared to 2021 due to rise in utility bills despite the parish benefitting from the government cap on the unit rates charged for the supply of both gas and electricity. It is very pleasing to report that as a result of a number of fundraising efforts the parish was able to donate over £3,000 to Tearfund in respect of its Ukraine appeal.

1

Reserves

Unrestricted cash reserves available to spend now increased by some £10,000 to £49,587. These are available to cover future costs of repairs and maintenance to our churches and parish hall as well as future shortfalls in income. It is the PCC’s policy to maintain unrestricted reserves sufficient to fund three months expenditure.

The Parish holds £22,419 of restricted reserves and £95,683 of endowment reserves.

Funds not required immediately are invested in either the Diocesan General Deposit Account, the CBF Church of England Deposit fund, the CBF Church of England Investment Fund or the COIF Investment Fund managed by CCLA Investment Management Ltd.

Financial statements prepared by Alison Mings ACMA, CGMA (treasurer)

2

Statement of Financial Activities for the year ended 31 December 2022

Note
Income and Endowments
Voluntary income
2(a)
Activities for generating funds
2(b)
Income from investments
2(c)
Income from church activities
2(d)
Other incoming resources
2(e)
Total income
Expenditure
Church activities
3(a)
Generation of voluntary income
3(b)
Total expenditure
Net income / (expenditure) before investment gains
Net gains/(losses) on investments
5(b)
Net income / (expenditure)
14
Transfer between funds
Net movement in funds
Total funds brought forward
Total funds carried forward
Unrestricted
Restricted Endowment
Total Funds
Funds
Funds
Funds
2022
2021
£
£
£
£
£
74,790
275
75,065
80,090
5,923

5,923
0
3,168

3,168
2,800
33,736

33,736
13,067
3,203
1,272
4,475
1,470
120,821
1,547
0
122,368
97,427
117,166
1,330
118,496
110,021
124

124
76
117,290
1,330
118,620
110,097
3,531
217
0
3,748
-12,671
-12,313
-12,313
12,950
3,531
217
-12,313
-8,565
279
2,668
-2,668
0
0
6,199
-2,451
-12,313
-8,565
279
684,788
24,870
107,996
817,654
817,375
690,987
22,419
95,683
809,089
817,654

3

Balance Sheet as at 31 December 2022

Notes
Fixed assets
Tangible
6(a)
Investments
6(b)
Current assets
Debtors and prepayments
7
Short term deposits
8
Cash at bank and in hand
8
Liabilities
Creditors: amounts falling due in one year
9
Net current assets
Total net assets
Parish funds
10-12
Unrestricted
Restricted
Endowment
Unrestricted
Restricted
Endowment
Total Funds
Funds
Funds
Funds
2022
2021
£
£
£
£
£
629,622
-
629,622
633,540
92,701
92,701
105,014
629,622
-
92,701
722,324
738,554
15,576
15,576
14,455
27,453
17,321
2,982
47,756
57,519
22,133
5,098
27,232
9,850
65,162
22,419
2,982
90,563
81,825
3,798
-
3,798
2,726
61,364
22,419
2,982
86,765
79,099
690,987
22,419
95,683
809,089
817,654
690,987

690,987
684,788
22,419
22,419
24,870
95,683
95,683
107,996
690,987
22,419
95,683
809,089
817,654

Approved by the Parochial Church Council on 21 March 2023 and signed on its behalf by:

Rev Nicholas Cooper, Vicar

The notes on pages 5 to 14 form part of these accounts.

4

Notes to the Financial Statements

1. Accounting policies

Basis of preparation

The PCC is a public benefit entity within the meaning of FRS102. The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006, governing the individual accounts of PCCs, and with the Regulations’ “true and fair view” provisions, together with FRS102 (2016) as the applicable accounting standards and the 2016 version of the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP(FRS102)).

The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value. 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 affiliation to another body, nor those that are informal gatherings of church members.

Funds

Unrestricted funds

These represent the income funds of the PCC that are available for spending on the general purposes of the PCC, including amounts designated by the PCC for fixed assets for its own use or for spending on a future project.

Restricted funds

These are income funds that must be spent on restricted purposes.

Endowment funds

These are restricted funds that must be retained as trust capital either permanently or subject to a discretionary power to spend capital as income, and where the use of any income or other benefit derived from the capital may be restricted or unrestricted.

5

Notes to the Financial Statements continued.

Recognition of income and endowments

Income

Planned giving, collections and donations are recognised when received. Tax refunds are recognised when the income to which they relate is received. Grants and legacies are accounted for when the PCC is legally entitled to the amounts due. Dividends are accounted for when receivable, interest is accrued. All other income is recognised when it is receivable. All incoming resources are accounted for gross.

Expenditure

Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC. The diocesan Parish share is accounted for when due. All other expenditure is generally recognised when it is incurred and is accounted for gross.

Assets

Consecrated and beneficial property of any kind is excluded from the accounts by Section 10(2) (a) and (c) of the Charities Act 2011.

Depreciation on fixed asset properties has not been provided in these accounts as any charge is not considered material, on the basis that the asset has either, a very long useful life; or a residual value, based on its current value, which is not materially different from its carrying value.

Moveable church furnishings held by the 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). No inalienable property was acquired in 2021 and 2022.

All expenditure incurred in the year on consecrated or beneficed buildings or on the repair of moveable church furnishings is written off.

Investments are valued at market value at the year end.

6

Notes to the Financial Statements continued.

Short term deposits include cash held on deposit either with the CBF Church of England Funds, with the Diocese or at HSBC bank.

Individual items of equipment with a purchase price of £500 or less are written off when the asset is acquired. The organs at All Saints and Upnor are being depreciated on a straight-line basis over 25 years and equipment used within the church premises on a straightline basis over 4 years. Parish hall fixtures and fittings are being depreciated over 10 years on a straight-line basis.

7

Notes to the Financial Statements continued.

2
Income and endowments
2(a)
Voluntary income
Collections and giving
GAYE
Tax recoverable
Donations, appeals, etc
Legacies
Grants
2(b)
Activities for generating funds
Fund raising
2(c)
Income from investments
Dividends and interest
2(d)
Income from church activities
Church hall lettings
Other church activities
Fees for weddings and
funerals
2(e)
Other incoming resources
Insurance claim
Other parish income
Total Income
Unrestricted
Restricted Endowment
Total
Funds
Unrestricted
Restricted Endowment
Total
Funds
Funds
Funds
Funds
2022
Funds
Funds
Funds
2021
£
£
£
£
£
£
£
£
54,036

54,036
50,499

50,499
550
550
650
650
12,558
0
12,558
11,042
11,042
4,097
275
4,372
10,526
10,526
0
0
1,000
1,000
3,549
0
3,549
2,272
4,100
6,372
74,792
275
0
75,067
75,990
4,100
80,090
5,923
5,923
5,923
0
0
5,923


3,168

3,168
2,800

2,800
3,168
0
0
3,168
2,800
2,800
24,433
24,433
4,693
4,693
1,419
1,419
7,884
7,884
8,374
8,374
33,736
0 0
33,736
13,067

13,067
3,016
3,016
700
700
187
1,272
1,459
432
338
770
3,203
1,272
0
4,475
1,132
338
1,470
120,821
1,547
0
122,368
92,989
4,638
97,427

8

Notes to the Financial Statements continued.

3
Expenditure
3 (a)
Church activities
Missionary and charitable giving
Tearfund
Medway Foodbank
Ministry: diocesan parish share
Other ministry costs
Church running and
maintenance
Church hall running costs
Depreciation of church
equipment and hall fixtures and
fittings
Upkeep of churchyard
Mission and youth work
Administration costs
Other expenses
3 (b)
Raising funds
Generation of voluntary income
Total resources expended
Unrestricted
Restricted Endowment
Total
Funds
Unrestricted
Restricted Endowment
Total
Funds
Funds
Funds
Funds
2022
Funds
Funds
Funds
2021
£
£
£
£
£
£
£
£
3,078
3,078
0
0
10
10
3,078
0
0
3,078
10
10
52,891

52,891
52,440

52,440
6,336

6,336
2,978

2,978
18,963
0
18,963
21,190
27
21,217
14,727

14,727
12,364

12,364
3,917

3,917
3,917

3,917
2,756

2,756
2,896

2,896
822
0
822
343
391
734
13,675
1,330
15,006
13,258

13,258
0
0
0
207
207
114,088
1,330
0
115,418
109,386
625
110,011
124

124
76

76
117,290
1,330
0
118,621
109,472
625
110,097

9

Notes to the Financial Statements continued.

4 STAFF COSTS
2022
2021
wages and salaries
£13,529

£13,236
Average no. of employees
2
2

During the year the PCC employed a Parish administrator and hall cleaner, both part-time, but no payments were large enough to attract social security costs.

5. Related parties

During the year the parish employed Mrs Sue Jones, wife of a Churchwarden as Parish Administrator who was paid £9,236.

6
Fixed assets
6(a)
Tangible
Cost of valuation
At 1 January 2022
Additions at cost
At 31 December 2022
Depreciation
At 1 January 2022
Charge for the year
At 31 December 2022
Net Book Value
At 31 December 2022
At 31 December 2021
(All unrestricted)
Total
Parish
Hall
Church
Equipment
Parish Hall
Fixtures and
Fittings
£
£
£
£
600,000 29,536
19,699
649,235
-
600,000
29,536
19,699
649,235
13,726
1,970
15,695
1,948
1,970
3,917
15,673
3,940
19,613
600,000
13,863
15,759
629,622
600,000
15,811
17,729
633,540

Equipment includes a projector, organ, speakers, other music equipment, a safe and Wi-fi equipment at All Saints and St Philip and St James.

10

Notes to the Financial Statements continued.

otes to the Financial Statements continued.
6(b)
Investments (all endowment funds)
Market value 1 January 2022
Annual revaluation
Market value 31 December 2022
£
105,014
-12,313
92,701

7 Current assets

Debtors (Unrestricted funds)

Income tax recoverable
Other income due
Prepayments
2022
£
12,000
812
2,764
15,576
2021
£
11,000
1,420
2,035
14,455
8 Cash Balances
Cash in hand and at bank
Short term deposits
Unrestricted
Restricted Endowment
Total
Unrestricted
Restricted
Endowment
Total
Funds
Funds
Funds
2022
Funds
Funds
Funds
2021
£
£
£
£
£
£
£
£
22,133
5,098
-
27,232
2,300
7,550
-
9,850
27,453
17,321
2,982
47,756
37,217
17,321
2,982
57,519
49,587
22,419
2,982
74,987
39,517
24,871
2,982
67,369

11

Notes to the Financial Statements continued.

9
Liabilities
Amounts falling due within one year
Creditors for goods and services
2022
£
3,798
3,798
2021
£
2,726
2,726

10. Funds

Restricted Funds in 2022 comprise the Hand Bell Ringers Fund, music funds, the Gavin Jupp Memorial Fund and AV Equipment. The Endowment Funds are managed by CCLA and comprise various funds set up in past years, which require income to be spent on the running costs of All Saints, St Phillip and St James and the churchyards.

11. Endowment Investment Funds

CBF Income shares

131001137S
Church Repair Anderson
131001138S
L I Frindsbury Paine
131001193S
Upnor Parish Room
131001212S
MD (Bonham Pennistone Bourne)
131001192S
Anderson
131001139S
Anderson Endowment
131001523S
Frindsbury QAB
CBF Fixed Interest
131001025F
Church Expenses
10,041
29,504
1,488
5,868
5,041
5,041
2,128
473
59,585

12

Notes to the Financial Statements continued.

COIF funds
247790001T S Fulkes Charity
325350001T Newlands Field Charity
279710001T Lesser Parish Field Charity
053820001T J Rich National School

Total Endowment funds

2,613 18,530 11,126 817 33,086 92,701

The PCC also holds £46,721 in designated funds in respect of the running of the parish hall and future repairs to the churches.

12. Fund Movements

Summary of fund movements

Balance at 1 January 2022
Incoming resources
Resources expended
Investment gains
Transfer between funds
Balance at 31 December 2022
Unrestricted Funds
Restricted
funds
Endowment
funds
Total
General
Designated
£
£
£
£
£
649,092
35,696
24,870
107,996
817,654
96,209
24,614
1,547
122,369
-100,593
-16,697
-1,330
-118,622
-12,313
-12,313
440
3,108
-2,668
0
644,268
46,721
22,419
95,683
809,089

13

Notes to the Financial Statements continued.

13. Statement of cash flows

Note
Cash flows from operating activities:
Net cash provided by (used in) operating activities
14
purchase of equipment
purchase of fixtures and fittings
Net cash provided by (used in) financing activities
cash at the beginning of the period
9
cash at the end of the period
9
2022
2021
£
£
7,615
-11,450
0
-2,147
0
-19,699
2022
2021
£
£
7,615
-11,450
0
-2,147
0
-19,699
7,615 -33,297
67,369
100,666
74,987
67,369

14. Reconciliation of net income/(expenditure) to net cash flow from operating activities

Note
Net surplus / shortfall per the SOFA
Adjustments for:
Depreciation
6(a)
(Gain) / loss on investments
6(b)
(Increase) / decrease in debtors
7
Increase / (decrease) in creditors
8
Net cash provided by (used in) operating activities
2022
£
-8,566
3,917
12,313
-1,121
1,072
2021
£
279
3,917
-12,950
1,829
-4,526
7,615 -11,450

14

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/ THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL members of PARISH OF FRINDSBURY WITH UPNOR & CHATTENDEN On accounts for the year 31 December 2022 Charity no 117928 ended (if any) Set out on pages

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/12/2022 .

Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 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 I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

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.

Signed: Date: 25/04/23 Name: Katherine Gray Relevant professional qualification(s) or body (if any): Address: 6 Colegate Drive, Bearsted, Kent ME14 4DP

1

IER

Section B Disclosure

Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any items that the examiner wishes to disclose .

2

IER