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2022-12-31-accounts

CHARITY REGISTRATION NUMBER: 1128003

The Parochial Church Council of The Ecclesiastical Parish of Wembdon

Annual Report and Financial Statements

31 December 2022

The Parochial Church Council of The Ecclesiastical Parish of Wembdon

Annual Report and Financial Statements

Year ended 31 December 2022

Page
Trustees' annual report 1
Independent examiner's report to the trustees 5
Statement of financial activities 6
Statement of financial position 7
Notes to the annual report and financial statements 8
The following pages do not form part of the annual report and financial statements
Detailed statement of financial activities 19

The Parochial Church Council of The Ecclesiastical Parish of Wembdon

Trustees Annual Report

Year ended 31 December 2022

The trustees present their report and the unaudited Annual Report and Financial Statements of the charity for the year ended 31 December 2022.

ADMINISTRATIVE INFORMATION

Registered charity name The Parochial Church Council of The Ecclesiastical Parish of Wembdon Charity registration number 1128003 Principal office The Vicarage 12 Greenacre Wembdon Bridgwater Somerset TA6 7RD

THE TRUSTEES

Membership

The charity trustees are members of the PCC and are either ex officio or elected by the Annual Parochial Church Meeting in accordance with the Church Representation Rules.

PCC members who have served since 1st January 2022 until the date this report was approved, are as follows:

Ex Officio members: Incumbent Revd Dr Ed Moll Chair Curate Revd Simon Taylor Churchwarden Mr Paul Hodge Vice-Chair Deputy Churchwarden Mr Andrew Powell Until May 2022 Mr Keith Ballard from May 2022 Mr Tim Loveday from May 2022

Representatives on the Deanery Synod:

Mrs Katherine Cannell Mrs Chris Hurst Mrs Sue Dempsey Elected Members: Mr Terry Ackroyd Treasurer Mrs Sue Pow Secretary Mr Graham Pow Mrs Jackie Evans Mrs Sally Ackroyd Assistant Treasurer Mrs Coraley Dunn Mr Julian Cann Mr Russell Parsons Dr Andrew Douglass

Independent examiner Mr John Scott 30 Durleigh Road Bridgwater Somerset TA6 7HU

- 1 -

The Parochial Church Council of The Ecclesiastical Parish of Wembdon

Trustees Annual Report (continued)

Year ended 31 December 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. The PCC is a Registered Charity: number 1128003

PCC members are appointed as described above and the Electoral Roll of those eligible to elect PCC members stood at 168 in May 2022.

OBJECTIVES AND ACTIVITIES

Public Benefit

Wembdon PCC has the responsibility of cooperating with the incumbent in promoting in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic, social and ecumenical, including the following activities conducted under the authority of the Church of England for the benefit of the public:

Activities and Priorities

The work of the PCC is supported by that of several subgroups: Fabric, Finance, Safeguarding & Policy, the Parish Centre and Mission. These are all responsible to the PCC and report back to it regularly with minutes of their decisions being received by the full PCC and discussed as necessary.

The trustees (the PCC) confirm that they have referred to the guidance contained in the Charity Commission's General Guidance on Public Benefit when reviewing the Charity's Aims and Objectives and in planning future activities. The PCC is also specifically responsible for the maintenance of the Parish Centre opposite St George's Church, in Church Road, Wembdon. When planning the church's activities for the year, the PCC considered the need for good governance, and have sought to deploy the resources of of the church to best fulfil the aims.

The Parish Safeguarding Officer, Mr Julian Cann, confirms that the Council has complied with the duty under section 5 of the 'Safeguarding and Clergy Discipline Measure, 2016' (duty to have due regards to the House of Bishops' guidance on safeguarding children and vulnerable adults - section 9.2A). The PCC also notes with thanks the service of Dr Anne Reed who retired as Parish Safeguarding Officer on 1st September 2022, handing over her role to Julian Cann.

The full PCC met on 8 occasions during the year, all in person and there were 7 Standing Committee meetings, some in person, but mainly either via email or Zoom. The items discussed during these meetings included regular updates on Finance, Health & Safety, Church Fabric, the Parish Centre and Safeguarding, which drew on the new Safeguarding Dashboard. It was confirmed during the year that all PCC members had completed the required safeguarding training.

Other topics discussed covered the following headings: " Making Jesus known . The PCC supported and then reflected on the Passion for Life mission, a series of meetings and events held in early 2022 to introduce others to the Christian faith. The 'Heart for Newtown' initiative also began occasional Messy Church style events in the Newtown area. Sunday services were also adjusted to account to the easing of Covid restrictions and the fuller return to in-person services.

" Safer Leadership , to continue the work begun in 2021. The policy for appointment of MLT (Ministry Leadership Team) was reviewed and revised; policies and the process for reviewing and publishing them were revised; it was confirmed that the Bishop of Bath & Wells has responsibility and oversight for Safeguarding Policies and Arrangements; the Safer Leadership Reference group was thanked for its work and disbanded.

- 2 -

The Parochial Church Council of The Ecclesiastical Parish of Wembdon

Trustees Annual Report (continued)

Year ended 31 December 2022

" Fabric. Significant repairs were needed to the church roof, in addition to planned Quinquennial works. The Parish Centre refurbishment project was begun. A report was produced on the safety of the churchyard trees.

" Ministry partnerships . The PCC kept up to date with the Living in Love and Faith (LLF) process and continued to consider how this might affect our place within the Church of England. The PCC also joined ministry partnerships with South-West Gospel Partnership and CEEC (the Church of England Evangelical Council); and reaffirmed the Resolution to seek the oversight of Right Revd Rod Thomas, Bishop of Maidstone.

The PCC has continued to support the teaching and pastoral ministry of the church, which it sees as the major means of equipping members for fruitful discipleship.

FINANCIAL REVIEW

Total income for the year (including donations, legacies, other income and grants towards the Parish Centre business development programme) amounted to £206,361 (2021 - £172,719)

Donations (Giving)

Total receipts of regular donations (giving) on ordinary unrestricted funds (excl. gift aid) were £81,311 in 2022, down from £86,939 in 2021. This represents a decrease of 6.5%.

Grants Received

Restricted income grants by outside bodies to the Parish Centre Business Development programme amounted to £12,899. Grants received to support ministry staff, energy grant, and churchyard - £34,184.

Detail on Unrestricted Giving

Regular, planned giving - by standing orders and envelopes is critical to our mission at St. Georges, making up the core of our unrestricted giving. These regular donations from our members make up more than 95% or our unrestricted income from giving.

The most important aspect of this planned regular giving is by standing order to the General Fund or through organisations such as the Charities Aid Foundation. This provides us with confidence that we can plan ahead to meet our commitments. We currently have 79 regular donors representing 118 members (average 1.5 members per donor) giving by this method.

Total funds raised through standing orders/CAF excluding envelopes were £75,425. This represents an average standing order donation of £80 per month or £955 for the year. Thank you to our members giving in this way. See chart below.

Donors
£		 Total
£		 Av. per Year
£		 Av. per
Month
£
2014 49 32,910 672 56
2015 60 42,666 711 59
2016 **54 ** 49,468 916 _76 _
2017 51 51,862 1,017 85
2018 60 57,871 965 80
2019 60 64,275 1,071 89
2020 81 73,864 912 76
2021 **81 ** 82,116 1,014 _85 _
2022 79 75,425 955 79

- 3 -

The Parochial Church Council of The Ecclesiastical Parish of Wembdon

Statement of Financial Activities

Year ended 31 December 2022

2022 2022 2021
Unrestricted Restricted Endowment
funds funds funds Total funds Total funds
Note
£		 £ £ £ £
Income and endowments
Donations and legacies 4
104,975		 57,178 – 162,153 146,252
Charitable activities 5
41,346		 – – 41,346 25,596
Investment income 6
37		 35 – 73 45
Other income 7
1,615		 1,174 – 2,789 826
----------------------------- ------------------------- ------------ ----------------------------- -----------------------------
Total income 147,973 58,387 – 206,361 172,719
============================= ========================= ============ ============================= =============================
Expenditure
Expenditure on charitable
activities 8
147,503		 72,761 – 220,264 165,812
----------------------------- ------------------------- ------------ ----------------------------- -----------------------------
Total expenditure 147,503 72,761 – 220,264 165,812
============================= ========================= ============ ============================= =============================
----------------------------- ------------------------- ------------ ----------------------------- -----------------------------
Net (expenditure)/income 470 (14,374) – (13,903) 6,907
============================= ========================= ============ ============================= =============================
Other recognised gains and losses
Investment valuation
gains/(losses) – – (155) (155) 164
----------------------------- ------------------------- ------------ ----------------------------- -----------------------------
Net movement in funds 470 (14,374) (155) (14,058) 7,071
Reconciliation of funds
Total funds brought forward 655,018 24,706 1,335 681,059 673,988
----------------------------- ------------------------- --------------------- ----------------------------- -----------------------------
Total funds carried forward 655,488 10,332 1,180 667,000 681,059
============================= ========================= ===================== ============================= =============================

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 8 to 17 form part of these Annual Report and Financial Statements.

- 6 -

The Parochial ChurchCouncil ofTh
Wembdon
StatementofFinancialPosition
31December2022		 eEcc lesiastica lParisho f
2021
Note E t,
Fixedassets
Tangible fixedassets 12 478,841 489,140
Hozier Bequest Endowment 13 1,190 1,335
480,021 490,475
Current assets
Debtors 14 15,113 13,146
Cash at bank and inhand 180,999 183,550
196,112 196,696
Greditons:amountsfallingduewithinoneyear 15 9,133 6,1 12
Netcurrentassets 186,979 190,584
Total assets lesscurrent liabilities 667,000 681,059
Netassets 667,000 681,059
Funds of thecharity
Endowmentfunds 1,180 1,335
Restrictedfunds 10,332 24,706
Unrestricted funds 655,488 655,018
Tota!charityfunds 18 667,000 681,059

The Parochial Church Council of The Ecclesiastical Parish of Wembdon

Notes to the Annual Report and Financial Statements

Year ended 31 December 2022

1. General information

The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is The Vicarage, 12 Greenacre, Wembdon, Bridgwater, Somerset, TA6 7RR.

2. Statement of compliance

These Financial Statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', 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) (Charities SORP (FRS 102)), the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCC's

The Church constitutes a public benefit entity as defined by FRS 102.

3. Accounting policies

(a) Basis of preparation

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value except for the valuation of investment assets which are shown at fair value

(b) Going concern

There are no material uncertainties about the charity's ability to continue.

(c) Judgements and key sources of estimation uncertainty

Given the straightforward nature of the accounts the trustees consider that there are no key judgements or sources of estimation uncertainty.

(d) Fund accounting

Unrestricted funds are available for use at the discretion of the PCC to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the PCC for particular future projects or commitments.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of the year must be carried forward as a balance on that fund.

The PCC administers one endowment fund - the Hozier Bequest. The capital of this fund must be maintained; only income arising from the investment in the endowment may be used as a restricted fund depending on the purpose for which the endowment was established. In the case of the Hozier Bequest, this fund is for the purpose of providing hospitality for the bell ringers from time to time.

(e) Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

- 8 -

The Parochial Church Council of The Ecclesiastical Parish of Wembdon

Notes to the Annual Report and Financial Statements (continued)

Year ended 31 December 2022

3. Accounting policies (continued)

(f) Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

g) Tangible assets

Consecrated and benefice property is not included in the accounts in accordance with Section 10 (2)(a) 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 listed in the church's inventory and are not included on the Balance Sheet (SOFP).

Equipment used within the church premises are depreciated on a straight-line basis over five years. The Parish Centre Buildings are depreciated on a straight-line basis over fifty years. Individual items of equipment or furniture with a purchase price of £12,000 or less are written off when the asset is acquired. All fixed assets are initially recorded at cost.

- 9 -

The Parochial Church Council of The Ecclesiastical Parish of Wembdon

Notes to the Annual Report and Financial Statements (continued)

Year ended 31 December 2022

3. Accounting policies (continued)

(h) Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Buildings - 2% straight line Equipment - 20% straight line

(i) Investments

Investments are a form of basic financial instrument and are initially recorded at their transaction value and subsequently measured at their fair value at the balance sheet date using their quoted market price. The statement of financial activities includes the net gains and losses arising on valuation throughout the year.

(j) Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

(k) Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the charity will comply with the conditions attaching to them and the grants will be received.

Where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

(l) Financial instruments

The church only has financial assets and liabilities that qualify as basic financial instruments and are therefore recognised at transaction price and subsequently at amortised cost. These include debtors and creditors as applicable.

(m) Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

- 10 -

The Parochial Church Council of The Ecclesiastical Parish of Wembdon

Notes to the Annual Report and Financial Statements (continued)

Year ended 31 December 2022

4. Donations and legacies
Unrestricted Restricted Total Funds
Funds Funds 2022
£ £ £
Donations
Planned Giving: General 71,510 – 71,510
Planned Giving: CAF/QCT Donations 6,632 – 6,632
Service Offertories (Open Plate) 3,169 – 3,169
Legacies
Legacies 1,000 – 1,000
Gifts
Donations 3,874 34 3,908
Specific appeals 198 – 198
Hardship fund income – 3,251 3,251
Appeal (YCW/Ministry) – 7,059 7,059
Grants
Grants 1,650 45,434 47,084
Government grant income – – –
Other donations and legacies
Tax Recoverable (Gift Aid) 16,942 1,400 18,342
----------------------------- ------------------------- -----------------------------
104,975 57,178 162,153
============================= ========================= =============================
Unrestricted Restricted Total Funds
Funds Funds 2021
£ £ £
Donations
Planned Giving: General 77,691 – 77,691
Planned Giving: CAF/QCT Donations 7,034 – 7,034
Service Offertories (Open Plate) 2,214 – 2,214
Legacies
Legacies 450 2,000 2,450
Gifts
Donations 771 124 895
Specific appeals – 1,246 1,246
Hardship fund income – 1,243 1,243
Appeal (YCW/Ministry) – 10,496 10,496
Grants
Grants 945 19,144 20,089
Government grant income 3,902 – 3,902
Other donations and legacies
Tax Recoverable (Gift Aid) 18,992 – 18,992
----------------------------- ------------------------- -----------------------------
111,999 34,253 146,252
============================= ========================= =============================

- 11 -

The Parochial Church Council of The Ecclesiastical Parish of Wembdon

Notes to the Annual Report and Financial Statements (continued)

Year ended 31 December 2022

5. Charitable activities

Unrestricted Restricted Total Funds
Funds Funds 2022
£ £ £
Youth Work Income 504 – 504
Parish Centre Hire 23,484 – 23,484
Parish Centre Lets 2,704 – 2,704
Holiday Bible Club 853 – 853
Fees (Weddings/Funerals/Churchyard) 8,622 – 8,622
Coffee Shop 2,167 – 2,167
Photocopy Sales – – –
Literature/Bible Notes 190 – 190
Adult Outreach Events 2,822 – 2,822
------------------------- ------------ -------------------------
41,346 – 41,346
========================= ============ =========================
Unrestricted Restricted Total Funds
Funds Funds 2021
£ £ £
Youth Work Income 202 – 202
Parish Centre Hire 17,777 – 17,777
Parish Centre Lets 1,236 – 1,236
Holiday Bible Club 298 – 298
Fees (Weddings/Funerals/Churchyard) 4,656 15 4,671
Coffee Shop 1,321 – 1,321
Photocopy Sales 16 – 16
Literature/Bible Notes 75 – 75
Adult Outreach Events – – –
------------------------- ------------ -------------------------
25,581 15 25,596
========================= ============ =========================
6. Investment income
Unrestricted Restricted Total Funds
Funds Funds 2022
£ £ £
Dividends and Interest Receivable 37 35 73
============ ============ ============
Unrestricted Restricted Total Funds
Funds Funds 2021
£ £ £
Dividends and Interest Receivable 11 34 45
============ ============ ============
7. Other income
Unrestricted Restricted Total Funds
Funds Funds 2022
£ £ £
Vicars Income/Other Income 1,005 15 1,020
Right of Way over Church Land 610 – 610
Insurance claims – 1,159 1,159
--------------------- --------------------- ---------------------
1,615 1,174 2,789
===================== ===================== =====================

- 12 -

The Parochial Church Council of The Ecclesiastical Parish of Wembdon

Notes to the Annual Report and Financial Statements (continued)

Year ended 31 December 2022

Unrestricted Restricted Total Funds
Funds Funds 2021
£ £ £
Vicars Income/Other Income 283 – 283
Right of Way over Church Land 543 – 543
Insurance claims – – –
------------ ------------ ------------
826 – 826
============ ============ ============
8. Expenditure on charitable activities by fund type
Unrestricted Restricted Total Funds
Funds Funds 2022
£ £ £
Diocesan Parish Share (Common Fund 68,391 – 68,391
Adult Mission/Outreach 4,019 – 4,019
Youth Mission/Outreach 1,928 567 2,495
Missionaries and Charitable Giving 9,808 39 9,847
Parish Office Running Costs 3,454 – 3,454
Church - Running Expenses 16,056 5,469 21,525
Staff Costs 6,281 40,910 47,192
Upkeep of Services 2,224 20 2,244
Other Activities 377 1,800 2,177
Parish Centre Running Costs 24,667 23,956 48,621
Fixed Asset Depreciation 10,298 – 10,299
----------------------------- ------------------------- -----------------------------
147,503 72,761 220,264
============================= ========================= =============================
Unrestricted Restricted Total Funds
Funds Funds 2021
£ £ £
Diocesan Parish Share (Common Fund 65,179 – 65,179
Adult Mission/Outreach 142 – 142
Youth Mission/Outreach 973 – 973
Missionaries and Charitable Giving 8,920 6,958 15,878
Parish Office Running Costs 2,911 – 2,911
Church - Running Expenses 8,809 1,517 10,326
Staff Costs 9,081 18,266 27,347
Upkeep of Services 1,763 40 1,803
Other Activities 85 – 85
Parish Centre Running Costs 17,131 10,679 27,812
Fixed Asset Depreciation 13,358 – 13,356
----------------------------- ------------------------- -----------------------------
128,352 37,460 165,812
============================= ========================= =============================
9. Net (expenditure)/income
Net (expenditure)/income is stated after charging/(crediting):
2022 2021
£ £
Depreciation of tangible fixed assets 10,299 13,353
========================= =========================

10. Staff costs

The average head count of employees during the year was 4 (2021: 4).

No employee received employee benefits of more than £60,000 during the year (2021: Nil).

- 13 -

The Parochial Church Council of The Ecclesiastical Parish of Wembdon

Notes to the Annual Report and Financial Statements (continued)

Year ended 31 December 2022

11. Trustee remuneration and expenses

One or more trustees has been paid remuneration or received other benefits from employment with the charity or a related entity.

Stipends and other benefits received by PCC member (trustees) in respect of their capacities other than trusteeship, serving as ecclesiastical office holders through the Church Commissioners (at the expense of the Diocesan Board of Finance) were:

Parochial Minister (Vicar): Stipend - £27,764 (2022 financial year)- £27,220 (2021 financial year); defined benefit pension scheme; living accommodation.

Safeguards are in place to ensure that the employees are not part of Trustee decisions surrounding employment terms and remuneration. Remuneration was paid as part of their employment package and solely for their services relating to employment and not for services as a PCC member.

12. Tangible fixed assets

Land and
buildings Equipment Total
£ £ £
Cost
At 1 January 2022 and 31 December 2022 538,213 25,811 564,024
============================= ========================= =============================
Depreciation
At 1 January 2022 49,727 25,157 74,884
Charge for the year 9,764 535 10,299
----------------------------- ------------------------- -----------------------------
At 31 December 2022 59,491 25,692 85,183
============================= ========================= =============================
Carrying amount
At 31 December 2022 478,722 119 478,841
============================= ========================= =============================
At 31 December 2021 488,486 654 489,140
============================= ========================= =============================

13. Hozier bequest endowment

Other
investments
£
Cost or valuation
At 1 January 2022 1,335
Additions –
Fair value movements (155)
---------------------
At 31 December 2022 1,180
=====================
Impairment
At 1 January 2022 and 31 December 2022 –
=====================
Carrying amount
At 31 December 2022 1,180
=====================
At 31 December 2021 1,335
=====================

All investments shown above are held at valuation.

- 14 -

The Parochial Church Council of The Ecclesiastical Parish of Wembdon

Notes to the Annual Report and Financial Statements (continued)

Year ended 31 December 2022

14. Debtors

2022 2021
£ £
Trade debtors 6,737 3,313
Prepayments and accrued tax recoverable (gift-aid) 8,376 9,833
------------------------- -------------------------
15,113 13,146
========================= =========================
Creditors: amounts falling due within one year
2022 2021
£ £
Trade creditors 4,091 2,461
Accruals and deferred income 4,600 2,971
Social security and other taxes 351 641
Other creditors 91 39
--------------------- ---------------------
9,133 6,112
===================== =====================

15. Creditors: amounts falling due within one year

16. Pensions and other post retirement benefits

Defined contribution plans

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £445 (2021: £231).

17. Government grants

The amounts recognised in the Annual Report and Financial Statements for government grants are as follows:

2022 2021
£ £
Recognised in income from donations and legacies:
Government grants income – 3,902
============ =====================

- 15 -

The Parochial Church Council of The Ecclesiastical Parish of Wembdon

Notes to the Annual Report and Financial Statements (continued)

Year ended 31 December 2022

18. Analysis of charitable funds

Unrestricted funds

Unrestricted funds
At 1 Jan 2022 Income Expenditure Gains/losses 31 Dec 2022
£ £ £ £ £
General Fund 111,379 118,207 (108,155) – 121,431
Parish Centre Fund 28,435 29,766 (24,666) – 33,535
Ministry Designated 7,566 – (4,383) – 3,183
Youth Work Dev.Designated 1,637 – – – 1,637
Church Reordering Designat 16,861 – – – 16,861
Fixed Assets - Property
Fund 489,140 – (10,299) – 478,841
----------------------------- ----------------------------- ----------------------------- ------------ -----------------------------
655,018 147,973 (147,503) – 655,488
============================= ============================= ============================= ============ =============================
At 1 Jan 2021 Income Expenditure Gains/losses 31 Dec 2021
£ £ £ £ £
General Fund 87,779 113,417 (89,817) – 111,379
Parish Centre Fund 20,567 25,000 (17,132) – 28,435
Ministry Designated 14,917 – (7,351) – 7,566
Youth Work Dev Designated 1,637 – – – 1,637
Church Reordering Designat 17,560 – (699) – 16,861
Fixed Assets - Property
Fund 502,493 – (13,353) – 489,140
----------------------------- ----------------------------- ----------------------------- ------------ -----------------------------
644,953 138,417 (128,352) – 655,018
============================= ============================= ============================= ============ =============================
Restricted funds
At 1 Jan 2022 Income Expenditure Gains/losses 31 Dec 2022
£ £ £ £ £
Parish Centre Main Hall
Enhancement Funds – 12,899 (12,899) – –
Hozier Income fund 153 35 (20) – 168
Parish Centre Business
Development 13,464 – (11,056) – 2,408
Ministry Restricted 6,947 38,733 (42,710) – 2,970
Churchyard maintenance – 1,949 (1,949) – –
Church Fabric Maintenance 2,000 1,520 (3,520) – –
Holiday Bible Club 567 – (567) – –
Hardship fund 1,575 3,251 (40) – 4,786
------------------------- ------------------------- ------------------------- ------------ -------------------------
24,706 58,387 (72,761) – 10,332
========================= ========================= ========================= ============ =========================
1 Jan 2021 Income Expenditure Gains/losses 31 Dec 2021
£ £ £ £ £
Hozier Income fund 158 34 (39) – 153
Parish Centre Business
Development 21,145 3,000 (10,681) – 13,464
Ministry Restricted – 25,212 (18,265) – 6,947
Churchyard maintenance – 1,517 (1,517) – –
Church Fabric Maintenance – 2,000 – – 2,000
Holiday Bible Club 517 50 – – 567
Hardship fund 6,044 1,243 (5,712) – 1,575
Specific appeals – 1,246 (1,246) – –
------------------------- ------------------------- ------------------------- ------------ -------------------------
27,864 34,302 (37,460) – 24,706
========================= ========================= ========================= ============ =========================

Restricted funds

- 16 -

The Parochial Church Council of The Ecclesiastical Parish of Wembdon

Notes to the Annual Report and Financial Statements (continued)

Year ended 31 December 2022

Endowment funds

wment funds
1 Jan 2022 Income Expenditure Gains/losses 31 Dec 2022
£ £ £ £ £
Hozier Bequest 1,335 – – (155) 1,180
===================== ============ ============ ============ =====================
1 Jan 2022 Income Expenditure Gains/losses 31 Dec 2022
£ £ £ £ £
Hozier Bequest 1,171 – – 164 1,335
===================== ============ ============ ============ =====================
Analysis of net assets between funds
Unrestricted Restricted Endowment Total Funds
Funds Funds Funds 2022
£ £ £ £
Tangible fixed assets 478,841 – – 478,841
Investments – – 1,180 1,180
Current assets 185,780 10,332 – 196,112
Creditors less than 1 year (9,133) – – (9,133)
----------------------------- ------------------------- --------------------- -----------------------------
Net assets 655,488 10,332 1,180 667,000
============================= ========================= ===================== =============================
Unrestricted Restricted Endowment Total Funds
Funds Funds Funds 2021
£ £ £ £
Tangible fixed assets 489,140 – – 489,140
Investments – – 1,335 1,335
Current assets 161,963 34,733 – 196,696
Creditors less than 1 year (6,112) – – (6,112)
----------------------------- ------------------------- --------------------- -----------------------------
Net assets 644,991 34,733 1,335 681,059
============================= ========================= ===================== =============================

19. Analysis of net assets between funds

- 17 -

The Parochial Church Council of The Ecclesiastical Parish of Wembdon

Management Information

Year ended 31 December 2022

The following pages do not form part of the annual report and financial statements.

- 18 -

The Parochial Church Council of The Ecclesiastical Parish of Wembdon

Detailed Statement of Financial Activities

Year ended 31 December 2022

2022 2021
£ £
Income and endowments
Donations and legacies
Planned Giving: General 71,510 77,691
Planned Giving: CAF/QCT Donations 6,632 7,034
Service Offertories (Open Plate) 3,169 2,214
Legacies 1,000 2,450
Donations 3,908 895
Specific appeals 198 1,246
Hardship fund income 3,251 1,243
Appeal (YCW/Ministry) 7,059 10,496
Grants 47,084 20,089
Government grant income – 3,902
Tax Recoverable (Gift Aid) 18,342 18,992
----------------------------- -----------------------------
162,153 146,252
----------------------------- -----------------------------
Charitable activities
Youth Work Income 504 202
Parish Centre Hire 23,484 17,777
Parish Centre Lets 2,704 1,236
Holiday Bible Club 853 298
Fees (Weddings/Funerals/Churchyard) 8,622 4,671
Coffee Shop 2,167 1,321
Photocopy Sales – 16
Literature/Bible Notes 190 75
Adult Outreach Events 2,822 –
------------------------- -------------------------
41,346 25,596
------------------------- -------------------------
Investment income
Dividends and Interest Receivable 73 45
------------ ------------
Other income
Vicars Income/Other Income 1,020 283
Right of Way over Church Land 610 543
Insurance claims 1,159 –
--------------------- ------------
2,789 826
--------------------- ------------
----------------------------- -----------------------------
Total income 206,361 172,719
============================= =============================

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The Parochial Church Council of The Ecclesiastical Parish of Wembdon

Detailed Statement of Financial Activities

Year ended 31 December 2022

2022 2021
£ £
Expenditure on charitable activities
Diocesan Parish Share (Common Fund
Activities undertaken directly
Diocesan Parish share (Common fund) 68,391 65,179
------------------------- -------------------------
Adult Mission/Outreach
Activities undertaken directly
Adult Outreach/Making Jesus Known 4,019 93
Small Groups/Christianity Explored – 49
--------------------- ------------
4,019 142
--------------------- ------------
Youth Mission/Outreach
Activities undertaken directly
Holiday Bible Club 567 286
Youth Work Expenditure 687 –
Sonseekers Activities 504 71
Childrens Outreach Activities 737 616
--------------------- ------------
2,495 973
--------------------- ------------
Missionaries and Charitable Giving
Grant funding activities
Open Doors 1,380 1,380
SWEEPS 1,920 1,920
Tear Fund 1,380 1,380
Others (Support Fund) 730 680
Specific appeals 271 1,247
Home mission: gifts and donations – 53
Reach Across 2,640 2,640
Strategic ministry partnership grants 1,487 866
Hardship fund grants 39 5,712
--------------------- -------------------------
9,847 15,878
--------------------- -------------------------
Parish Office Running Costs
Activities undertaken directly
Printing/Paper Costs 1,934 1,482
Telephone/software subscriptions 1,134 935
Advertising /Brochures/Displays 266 494
Small office equipment 120 –
--------------------- ---------------------
3,454 2,911
--------------------- ---------------------
Church - Running Expenses
Activities undertaken directly
Utility Costs 2,456 1,961
Insurance 1,305 1,303
Ongoing Maintenance 188 195
Audio-Visual/Lighting 1,122 2,727
Quinquennial/Reordering Costs 13,279 881
Upkeep of Churchyard 3,088 3,172
Bank charges 87 87
------------------------- -------------------------
21,525 10,326
------------------------- -------------------------

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The Parochial Church Council of The Ecclesiastical Parish of Wembdon

Detailed Statement of Financial Activities

Year ended 31 December 2022

2022 2021
£ £
Staff Costs
Activities undertaken directly
Wages/salaries 44,024 24,294
Pension costs 445 231
Vicar/Asst. Minister Expenses 1,803 1,269
Staff Expenses 920 1,553
------------------------- -------------------------
47,192 27,347
------------------------- -------------------------
Upkeep of Services
Activities undertaken directly
Fees, Licences, Subscriptions 1,122 1,050
Sundry Expenses 222 331
Visiting Speakers 386 150
Verger/Sexton/Clerk Costs 514 272
--------------------- ---------------------
2,244 1,803
--------------------- ---------------------
Other Activities
Activities undertaken directly
Readers Costs and Training 2,177 85
--------------------- ------------
Parish Centre Running Costs
Activities undertaken directly
Parish Centre catering supplies 195 16
Coffee shop supplies 1,088 178
Development Worker/Cleaner Wages 16,766 15,642
Utility costs 7,181 3,775
Fixtures, Fittings, Sound/Vision 8,422 3,402
Parish Centre advertising 50 267
Office Costs 541 354
Cleaning 358 214
Maintenance 12,061 2,000
Bank charges – 85
Insurance 1,959 1,879
------------------------- -------------------------
48,621 27,812
------------------------- -------------------------
Fixed Asset Depreciation
Activities undertaken directly
Depreciation 10,299 13,356
------------------------- -------------------------
----------------------------- -----------------------------
Expenditure on charitable activities 220,264 165,812
============================= =============================

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