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2022-12-31-accounts

Charity Commission No. 1128009

Annual Report and Financial Statements of the Parochial Church Council of the Ecclesiastical Parish of St. Michael & All Angels, Westcliff-on-Sea for the year ended 31st December 2022

Priest-in-charge:

Revd. Tom Loh

Bank:

Barclays Bank Plc, Registered office: 1 Churchill Place, London E14 5HP

Independent Examiner:

J P Francis FCA, 1386 London Road, Leigh-on-Sea SS9 2UJ

. . . . . . . . . . . . . . . . . . .

Our Mission: To love God wholeheartedly; to love others and help them to follow Jesus

Christ

Page 1

Background

The St Michael and All Angels PCC has the responsibility of co-operating with the Priest-incharge, in promoting, in the ecclesiastical parish, the whole mission of the church, pastoral, evangelistic, social and ecumenical. It also has maintenance responsibilities for the Church, the Church Centre, Church Hall and 35 Fernleigh Drive (the former Curate’s House and now two flats).

Charitable Status

The PCC is a body corporate governed by the PCC Powers Measure 1956 and the Church Representation Rules 2020 and a charity registered with The Charity Commission.

PCC Representatives

The PCC members are responsible for making decisions on all matters of general concern and importance to the parish including deciding on how the funds of the PCC are to be spent. Whilst the appointment of PCC Representatives is determined in accordance with the Parochial Church Council Procedures, it is the aim to ensure that its members have a broad experience in pastoral, financial and property matters and training is available through the Parochial Church Council.

PCC Membership

Members of the PCC are either ex officio or elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules.

During the year the following served as members of the PCC:

Priest-in-charge and PCC Chairman: Revd. Tom Loh

Curate: Revd. Nick Pucenot

Wardens: Ms Cathy Darby & Dr. Gill Holmes

Representatives on the Deanery Synod

Mr Mike Simmonds

General Synod Representative

Mr Richard Brown

Elected Lay Representatives ( as at 31 December 2022)

Mr Alan Prosser (Treasurer) Mr Neil Matthews Mr Steve Starling Mrs Shirley Park Mrs Josie Osborne Mrs June Clipsham Mrs Wendy Gould Mr Richard Leadley Mr Peter Thomas Mr Doug Whiting Mrs Emma Robinson

Page 2

2022 PCC Proceedings

In 2022, the PCC met ten times, and had an awayday in February 22, an opportunity to pray and have fellowship together. The PCC aims to operate by consensus and has managed to do so even with its most difficult decisions. Replacement of the church heating took up a lot of the PCC’s time and was successfully completed before the year end.

Committees and Teams

Given its wide responsibilities the PCC has a number of committees and teams each dealing with a particular aspect of parish life.

Standing Committee

A sub-committee of the PCC which meets when necessary to conduct urgent business between PCC meetings or to plan the agenda for the next PCC.

Financial Strategy/Budgeting Team

The team reviewed the 2021 expenditure and created a budget for 2022.

The Premises Team

This team is responsible for the maintenance and stewardship of the fabric of the Church Centre, 35 Fernleigh Drive, and the Church. The Church refurbishment Group continued to to consider options for refurbishing the Church in lines with Tom’s vision, a large part of the groups work for 2022 was the replacement of the boilers in the Church.

The Pastoral Team

Meets to deal with matters pastoral including visiting, care of church members who don’t belong to any home/small groups, and the Emergency Prayer Chain. The Pastoral Team works with the Ministry Team to meet the congregation’s need.

The Mission Partnership Team

Meets when required to deal with requests for money for charities and makes recommendations to the PCC with regard to matters of Mission at home and overseas. Ensures meaningful links are maintained with link missionaries.

The Community and Outreach Team

Meets whenever required to help plan and action the varying outreach events.

Operations Team

The Operations team continued to support the staff team, however due to other pressures Mike Simmonds stepped down – it was felt that a more on site presence was needed to support the growing needs of the Church, Neil Matthews took on more support during the year, in effect taking the role of Operations Manager, a role which we hope to progress in 2023.

Page 3

Deanery Synod Proceedings Report

Southend Deanery Synod is a meeting of all the clergy, and elected lay representatives, from all 14 Anglican churches in the Southend area.

Deanery Synod met three times in the last year, with an extra emergency meeting to discuss issues relating to the new Parish Share calculations. On the 23 June, we met in St Peters, Westcliff, and received a good presentation from the Rev Colin Baldwin of the work that is being done in the Lifestreams Ministry in St Peters, St Stephens and St Cedds. On the 10 November we met at St Mary’s, North Shoebury for a time of sharing of experiences within parishes, and for an extended discussion of Children, Families and Youth Work. The meeting on 31 January took place at St Marys, Prittlewell and included a presentation of some interesting archaeological finds unearthed by recent building work. There was also a long discussion of how Zoom has affected our ministries.

The extra meeting was called after Diocesan Synod had approved an entirely new calculation system for Parish Share, which had resulted in some large changes for the next financial year (2023). Many parishes had found that their share had gone down, whereas St Michaels share had almost doubled, making us now the largest contributor in the Bradwell (South Essex) Area.

2022 Safeguarding Report

The PCC has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 and has due regard to the House of Bishops' guidance on safeguarding children and vulnerable adults.

The Church Safeguarding Policy is available on the Church website. Safeguarding, including Safer Recruitment processes, are maintained in line with Diocesan advice and with their support. Records of all who have a current DBS check along with current training are kept secure in a password-protected folder on Office 365 and on ChurchSuite.

We strive to ensure that the appropriate safer recruitment processes are administered in a timely manner for all volunteers in Children’s and Youth work, Pastoral ministry, and other required roles. On Diocesan advice members of the Prayer Ministry Team are only expected to undertake the BASIC Safeguarding Training.

Online Safeguarding training continues to be undertaken by all required and is continuously monitored by the PSOs. Three in-person training opportunities have been delivered using the National Safeguarding materials.

There have been no safeguarding issues that have needed to be reported to the PCC in the past year.

Parish Safeguarding Officers: Mike Simmonds safeguarding@smw.church Teresa Bridgewater: families@smw.church

Page 4

2022 Church Wardens’ Fabric Report

It has been an incredibly busy year culminating in a much- appreciated warm church. A big thanks to Doug Whiting for his hard work and commitment to driving these projects on behalf of the PCC. Thank you also to the Church Refurbishment Group (CRG) for their contribution .

Gill Holmes/ Cathy Darby

Church Wardens

Page 5

Electoral Roll as at 31[st] December 2022

During 2022 there were 20 additions and 6 deletions to the Electoral Roll making an overall increase of 14 during the year.

Of the 6 that have been removed from the Roll I am very sad to report the loss of 2 members through death (Jan Sharp, Jill Ball). I also note that the other 4 members have moved to other churches and have asked to be removed from the St Michael’s Roll.

The number of members on the St Michael’s Electoral Roll at 31[st] December 2022 stood at 152 (138 at 31/12/21). Of these, 53 were resident in the parish and 99 were non-resident.

Richard Verrinder Electoral Roll Officer

2022 Church Attendance

Church attendance averages over weekly services in January and November for each of the last five years. Numbers for 2020 and 2021 were affected by Covid restrictions.

Service 2018 2019 2020 2021 2022
January

 Adults + 93 +120 +195 127** 140
**44
Children 25 42 51 32
November
 Adults + 112* +214 135 ** 180/4
9*		 191
18**
Children 35*** 62 48* 47

Festival/ Outreach Services

Service 2018 2019 2020 2021 2022
Mothering
Sunday		 + 123
+ 53		 +142
+68		 Lockdown
figures not
available		 +162
83**
-38		 +208
**33
Easter + 132
+ 54		 +152
+63		 +216
(livestream
connections)		 -170
67**
-19		 318
**23

Page 6

Harvest
Sunday		 - 99
- 55		 +165
+86		 70 (lockdown
restricted
numbers)		 +182
34**
-49		 225
**23
Remembrance
Sunday		 + 163
+ 107		 +210
+108		 129
(livestream
connections)		 +211
31**
-70		 292
** 15
Toy Service
Christingle		 + 166
+ 88		 +171
+96		 71 (lockdown
restricted
numbers)		 +157
53**
-48		 223
** 23
Festival/ Outreach Servicescontd
Carols by
Candlelight		 + 191
+ 32		 +223
-22		 (cancelled –
lockdown)		 -179
+34		 158 A
24 C
182 T
Crib Service/s + 191
+ 142		 +215
+148		 144
(livestream
connections)		 -84
-50		 156 A
97 C
253 T
Midnight -79
+ 2		 -75
+ 2		 (Cancelled –
lockdown)		 -65 79 A
2 C
81 T
Christmas Day
8am
10.30am		 N/A
+107
+43		 +124
+47		 38
10
(lockdown -
restricted
numbers)		 -50
-18		 N/A
114 A
29 C
143 T

– figures show decreases in previous years.

Sundays incl. 8am Service for monthly average, not festivals/outreach services.

Tom Loh Priest-in-Charge April 2023

Page 7

Financial Review of 2022

( Note: As in previous years, the analysis below is based on St. Michael’s FY 2022 accounts excluding the impact of consolidation of St. Michael’s Pre-School which is covered in more detail at the end of the Review. In addition, reported 2022 numbers include impact of the final transactions for the St John’s Church Plant Fund on St. Michael’s accounts - see below ).

2022 was another ‘busy’ year for St. Michael’s financially, mainly reflecting: (i) material ‘exceptional’ costs relating to planning for, and implementation of, the replacement church boiler (and associated works); (ii) further investment in infrastructure and administration/ systems to address the pace and scale of church growth.

As explained in the FY20 and FY21 Report & Accounts, to facilitate the financing of the Church Plant, a designated fund - the St. John’s Church Plant Fund (‘CP Fund’) was established from Jan-20 within the internal accounting records of St. Michael’s, to segregate from St Michael’s general funds all financial income and expenditure relating to the St John’s CP project. This Fund comprised initially personal contributions (for both new givers and, effective from Feb-20, re-directed contributions from former St Michael’s givers joining St John’s), ad hoc donations, related Gift Aid tax recoveries and substantial Central Church grant funding (received by St Michael’s via Chelmsford Diocese to cover budgeted Church Plant capital spending, salaries/ pensions for employed staff and other expenses incurred). Note: Following transfer of responsibility for managing the employment visa and salary/ pension arrangements for Mary Chernii from St Michael’s to St John’s in Sep-22, the residual CP Fund balance was transferred to St John’s and the CP Fund has been closed – see below for more details .

Income received on Unrestricted funds increased to £224,071 (from £183,252 in 2021), with further progress made to grow regular giving by bank standing order. In addition, FY22 saw positive impact of income from events and ad hoc donations arising from the ‘Build My Church’ fundraising project. Note: Income/ related expenses arising from these fund-raising events and donations are recorded separately in a new designated fund – the Build My Church Fund (‘BMC Fund’) – see below . Gift Aid (‘GA’) tax recoveries on regular giving/ eligible donations provided income of £26,111 (from £26,110 in 2021). Revenues from hall/ church centre bookings increased materially to £23,113 (from £8,709 in 2021), helped by strong demand postlockdown and improved rates. Giving from weekly cash collections was up slightly at £9,037 (from £8,140) and supplemented by general donations made via the new Contactless payment machine. Receipts from Stewardship/ CAF/ Charities Trust donations (all tax-efficient alternatives to the GA scheme) increased further to £21,773 (from £18,452). Rental income due from the Fernleigh Drive investment property was higher at £19,775 (from £16,945), reflecting increased rentals achieved (incl. on the re-letting of the GF flat). The total value of individual pledged contributions to support the Children & Families Worker (‘CFW’) position – until 2022 reported via a separate restricted Fund (now closed) - reduced further to £7,936 (from £8,558).

Page 8

Total expenditure to provide the Christian ministry of St. Michael & All Angels Church (excluding PreSchool, CP Fund-related expenses/ transfers and asset depreciation charges) increased materially to £300,924 (from £195,621 in 2021), mainly due to the exceptional spending on the boiler replacement project – total c.£79,800 (incl. consultant/ feasibility reports and associated works), as well as higher cleaning and energy costs (reflecting the spike in wholesale energy rates and increased reliance of electric heating while the church boiler was out of commission). 2022 also featured higher spending on outreach activities, external giving/ mission and improvements to the Fernleigh Drive investment property. FY22 numbers were also materially affected by income and expenses relating to the Belchamps church weekend - a joint event held in July 2022 with our ‘network churches, St John’s and Christchurch, where St Michael’s was responsible for all financial arrangements. Note: Overall, Belchamps 2022 made a very small net deficit, which is reflected in the reduced balance shown in the Church Weekend Fund – see comments below .

The charts above show the profile/ main contributors (based on % of total by category) to total Income and total Expenditure (excluding Pre School and the Church Plant), comparing 2022 against 2021 – in particular, the Expenditure chart highlights the impact of the exceptional spending on the boiler replacement in FY22 . St. Michael’s received annual rent/ service charge and additional contributions to heating/ cleaning of £9,000 from St. Michael’s Pre-School (unchanged from 2020 and 2021).

St John’s Church Plant Fund (the ‘CP Fund’)

As expected, with St. John’s having become legally/ financially ‘standalone’ from Apr-21, Central Grant funding received by St Michael’s (via Chelmsford Diocese Board of Finance) in 2022 was much lower than in the previous year. This year SDF grant funding was only required to cover the monthly salary/ pensions costs for Mary Chernii until her visa sponsorship arrangements and employment contract could be formally transferred over to St John’s. After lengthy delays by the Home Office, this took place finally in Sep-22. Consequently, ‘matched’ grant funding/ expenses during FY22 of £20,110 were processed via St. Michael’s bank account and applied, for internal accounting purposes, to the designated fund within St. Michael’s records – the ‘CP Fund’. Following the Home Office confirmation and Mary’s transfer to St John’s, the residual CP Fund balance of £43 was passed on to St John’s and the designated CP Fund has now been closed .

Build My Church Fund (the ‘BMC Fund’)

To support fund-raising efforts towards the church refurbishment project, in addition to ad hoc donations received, a number of events were held during FY22. All related income/ expenses were applied to a new designated fund, the Build My Church Fund (‘BMC Fund’). As at FYE Dec-22, after the first 9 months of operation and fund-raising activities, the BMC Fund had accumulated a net balance of £6,333.

Church Weekend Fund

As a joint initiative between the 3 ‘network’ churches, St Michael’s, St John’s and Christchurch, in Jul-22 a weekend event was held at Belchamps Scout Camp in Hockley, Essex. All financial arrangements for the event were managed through the St Michael’s bank account using the existing designated Church Weekend

Page 9

Fund (which contained funds carried forward from previous St Michael’s parish weekend events and specific donations). After fees received and expenses incurred, the Belchamps 2022 weekend incurred a very modest net deficit of £29. Note: Another Belchamps weekend is planned for July 2023 and St Michael’s will again take primary responsibility for financing arrangements (with any net deficit to be shared equally amongst the 3 network churches) .

FY22 Net result and closing cash position

St. Michael’s reported an overall consolidated net Income/ Expenditure deficit of £44,737 for 2022 (versus £21,713 deficit in 2021). Eliminating the final transactions relating to St. John’s CP Fund and the net surplus of £13,489 generated by the St Michael’s Pre-school (see below) but adding back the £9,000 rent paid to St Michael’s by the Pre-School, on a standalone basis St. Michael’s saw a FY22 net deficit of £49,226 (from £15,015 net surplus in 2021). This had a material negative impact on the level of cash reserves held at FYE 31[st] Dec-22. The net deficit arose primarily from total spending on the boiler replacements works and other costs arising as part of the ongoing Church refurbishment project of c.£80,000. Without these ‘exceptional’ costs, St. Michael’s had a good year in terms of growth in regular giving (from new and existing givers, as numbers attending St. Michael’s continued to grow), a strong recovery in hall/ church booking income and the initial impact of donations and other income generated from the ‘Build My Church’ fundraising push/ events.

Out of total consolidated Balance Sheet cash deposits at banks and in hand of £173,465 at FYE 31[st] Dec-22 (reduced from £213,379 at Dec-21, mainly due to the boiler replacement costs), Pre-School-controlled cash/ bank balances (which are not available for use by St Michael’s Church) accounted for £89,630 (up from £76,427). This left £83,835 as cash available for Church use (reduced from £136,952 at Dec-21).

Parish Share contribution

As in previous years, St. Michael’s paid its allocated 2022 Parish Share obligations of £50,630 (FY21: £47,002) in full. Following the introduction by the Chelmsford Diocese of revised methodology for assessing Parish Share (after a lengthy period of consultation and consideration), the suggested 2023 Share allocation for St. Michael’s increased materially to £109,314 (+116% on the 2022 allocation) – this suggested increase reflected the ‘true’ cost of clergy serving at St Michael’s/ related expenses and an assumed share of Diocese training/ admin and other central costs (using a matrix based on relative depravation of parishes across the Diocese). This large increase was materially higher than had been anticipated and deemed to be unaffordable by St Michael’s PCC. After further deliberation at Southend Deanery level, St Michael’s and its ‘network’ churches (St. John’s and Christchurch) proposed a compromise based on their joint contribution, with St John’s in particular committing to cover a material part of the shortfall for St Michael’s. As a consequence, St Michael’s PCC agreed to pay an initial 2023 Share of £60,000 and to consider paying a further £19,000 ‘top up’, if deemed to be affordable by PCC, towards the end of 2023. This presents a material challenge and will require a further material uplift in St Michael’s regular giving from current levels. Note: Further revisions are anticipated to calculation methodology in time for the 2024 allocations, based on ‘learnings’ from 2023 .

Mission support/ other giving

During the year PCC passed on special collections and agreed additional donations and gifts totaling £9,553 (from £6,764 in 2021) from the designated Mission Fund to a range of other Christian ministries and charities. The majority of St. Michael’s annual mission giving is agreed as an allocation from general funds (£6,000 in FY22 – from £5,000 in FY21 ) under a strategic framework and after consideration by the PCC (based upon recommendations made by a dedicated Mission Team). In addition, since Sep-21, we provide regular monthly financial support as part of our partnership with Southend CAP Debt Advice Centre. 2022 PCC allocations were made again to Christian Solidarity Worldwide (CSW), Life in Abundance Trust (‘LIAT’, a charity in Equador where Jill Ball was involved until her sad passing), ELAM Ministries (supporting persecuted Christians in Iran), Ramabai Mukti Mission (a project in India where Paul & Liz Sisson have a longstanding involvement) and to provide further support to Gary & Karen Valdez (a missionary family working with indigenous tribes in Ecuador). Note: Information on these groups can be found on the Mission information board . Other applications for support are considered on an ad hoc basis as they are received. Special collections were passed on to The Childrens’ Society (incl. from the Smarties tube collection) – £69 in 2022 (from £464 in FY21); £495 for the Ukraine appeal (via the ‘Samaritan’s Purse International’ charity) and

Page 10

£1,314 raised as a one-off appeal during the Summer which accompanied Jill Ball and Gill Holmes’ visit to Ecuador (to provide medical supplies/ other support), topped up by a £500 supplemental allocation from PCC funds.

Reserves policy

Cash surplus to immediate requirements is invested in St. Michaels-designated deposit accounts held with the Central Board of Finance of the Church of England (‘CBF’), via CCLA, which invests funds in ethical investments and offers a slightly higher rate of interest than traditional high street banks, with comparable security of deposit.

As expected, St. Michael’s unrestricted General Fund cash reserves decreased to £75,386 at Dec-22 (from £88,504 at Dec-21, due mainly to funds allocated towards the boiler replacement project ). PCC considers that a minimum of two months average expenditure from the General Fund, estimated at £15,000, should be retained as standby liquidity in the main Barclays bank account, to cover any unforeseen income fluctuations.

In addition, St. Michael’s has £8,279 (reduced from £47,897 at Dec-21, also due to £40,000 allocated towards the total cost of the boiler replacement project ) set aside as an unrestricted Fabric Fund to meet potential major capital spending arising from 5-yearly (‘quinquennial’) inspections by Diocesan surveyors. The most recent inspection was completed in Jun-21 (delayed from 2020 due to the Covid-19 outbreak) and was generally positive on the condition of St. Michael’s fabric/ buildings - related costs were not material.

PCC (supported by a Finance Strategy group) regularly reviews the level of reserves to ensure that sufficient funds are held to meet its contractual commitments and those arising from other obligations.

Anticipated major capital projects/ Church refurbishment

Following the material spending in 2022 to replace the church boiler, PCC (guided by the PCC-appointed Church Refurbishment Group, ‘CRG’) continues to examine potential projects in line with the long-term vision for St. Michael’s (to ready the church for future generations). This project is being supported by a programme of proactive fund-raising, recorded via the designated Build My Church Fund (‘BMC Fund’) – see above. However, in view of the anticipated material nature/ cost of some of these ideas/ proposals, this may also require discussion regarding the long-term strategy for the Fernleigh Drive investment property. Fernleigh Drive

St. Michael’s owns an investment property at 35 Fernleigh Drive – this was originally purchased in the 1950s to house clergy but is now arranged as 2 self-contained flats and provides affordable rented accommodation within the parish. Valued at £175,000 in 2005, the property has been re-valued at regular intervals. As part of wider-ranging PCC discussions over the future ownership/ use of Fernleigh Drive, a detailed professional survey/ valuation was undertaken in Oct-18, which valued the property at £497,500 (up from £450,000, bringing cumulative unrealised gains on revaluation since 2005 to £322,500). Note: Post Dec-22 FYE a further professional valuation of Fernleigh Drive was undertaken in March 2023, as part of financial planning for the church refurbishment project – revised valuation was £625,000 (based on 2 leasehold flats), which will be reflected in the 2023 Accounts in due course . A designated Building Fund reserve of £5,226 (from £5,158) is set aside to cover minor repairs and improvements. During 2022, c.£3,200 was spent on various works to repair/ improve facilities at the Fernleigh Drive property, but these amounts were funded from the available general funds.

Note: Since Sep-17 all matters relating to Fernleigh Drive, incl. tenancy arrangements, rent collection, legal/ health & safety obligations and general maintenance/ repairs (within PCC-defined spending thresholds), are managed on behalf of PCC under a professional property management contract with specialist commercial property managers (Hopson’s), in exchange for agreed management fees/ expenses.

Children & Families Worker (CFW)

Teresa Bridgwater was appointed to this full-time position in Dec-16, with related salary/ pension costs and incurred expenses covered mainly by pledged monthly/ annual financial contributions from a group of c.25 church members (incl. GA tax recoveries thereon), ‘topped-up’ by an allocated portion of net annual rents received from the Fernleigh Drive investment property. These were initially recorded separately within the Accounts in a restricted fund - the CFW Fund . However, as outlined in the FY21 Annual Report & Accounts, following a material reduction in the level of pledged contributions (arising mainly from departures to the St

Page 11

John’s CP effective from Jan-21) and with the cost of subsequent paid roles (eg Church Administrator/ Youth & Worship Leader – see below ) being met from general funds, separate reporting of the CFW Fund ceased with the FYE Dec-21 numbers. Total CFW salary/ pensions and incurred expenses in FY22 were £28,938 (from £28,672 in FY21). Note: Ongoing pledged contributions are now paid into general funds and all salary/ pension and expenses associated with the CFW role are now also met from general funds .

Church Administrator

Costs/ expenses associated with this part-time position continue to be met from general funds - £9,698 for FY22 (from £9,785 in FY21). Note: The Administrator role is now undertaken as a job share between Wendy Gould (appointed Apr-2018) and Bridgit Couling (appointed in Nov-21) .

Youth and Worship Leader

Sam Plank was employed as full-time Youth & Worship Leader from Sep-20, in recognition of the significant growth seen in the number of children attending St. Michael’s on a regular basis and in anticipation of a related increase in the size of our teenage groups going forward. Total salary/ pensions and incurred expenses in FY22 were £28,367 (from £27,831 in FY21). Note: In 2018 PCC set aside £45,000 into a designated Youth Worker Fund to cover 3 years estimated costs to employ a p/time Youth Worker. This allocation has now been fully utilized. Ongoing costs relating to Sam’s role will be met from general funds and the designated fund – retitled the ‘Youth & Worship Leader Fund’ has now been terminated .

St. Michael’s Pre-School

As in previous years, financial accounts for St. Michael’s Pre School are consolidated with those of the Church and have a material impact on the overall reported figures. However, Pre-School bank accounts are operated independently from those of the Church and management of the Pre-School (including staff contracts/ liability insurance) is undertaken by a dedicated committee (comprising staff members and parents, chaired by Tom Loh (as Incumbent) and incl. one churchwarden and 2 other representatives from St. Michael’s congregation).

During the year, total Pre-School receipts were £162,067 (from £141,720 in FY21), including Nursery Education grants of £102,508 (from £94,949), Fees Receivable of £56,977 (from £43,890) and Other Income of £2,582 (from £2,881), including fund-raising events and bank interest. Total expenditure also increased to £148,578 (from £139,724), including inter alia £121,247 of salaries/ staff costs (from £118,995), £9,000 (unchanged) of rent/ service charges paid to St. Michael’s (to contribute to the costs of running the Church Hall), general admin costs of £3,618 (from £4,120), fundraising costs of £3,104 (from £920) and asset depreciation charges of £110 (from £146).

Pre-School generated a net surplus of Income: Expenditure of £13,489 (versus FY21: £1,996 net surplus).

Alan Prosser – Treasurer 31st March 2023

Page 12

St. Michael & All Angels, Westcliff-on-Sea for the year ended 31st December 2022

Statement of Financial Activities

Income and endowments from:
Donations and legacies
Income from charitable activities
Other income
Investments
Total Income
Expenditure on:
Expenditure on charitable activities
Other expenditure
Raising funds
Total Expenditure
Net income / (expenditure) resources before
transfer
Transfers
Gross transfers between funds - in
Gross transfers between funds - out
Other recognised gains / losses
Net movement in funds
Total funds brought forward
Total funds carried forward
Represented by
Designated
Build My Church Fund (BMC Fund)
St Johns Church Plant Fund (CP Fund)
Hall Chairs Fund
Mission Giving
Church Weekend Fund
Toddler Fund
Youth & Worship Leader Fund
Endowment
Easter Lillies Fund
Restricted
Flowers (Floral Guild)
Pre School Fund
Unrestricted
Building Fund (35 FD)
Fabric Fund
General fund		 Designated
15,719
20,110
-
-
35,829
67,403
80
-
67,483
31,654)
(
27,867
-
3,787)
(
12,227
8,440
6333
-
320
-
1,440
347
-
-
-
-
-
-
-
8,440		 Endowment
-
-
-
2
2
-
-
-
-
2
-
50)
(
48)
(
195
147
-
-
-
-
-
-
-
147
-
-
-
-
-
147		 Restricted
-
162,197
-
30
162,227
139,965
110
-
140,075
22,152
50
9,000)
(
13,202
77,945
91,147
-
-
-
-
-
-
-
-
221
90,926
-
-
-
91,147		 Unrestricted
175,804
24,178
3,049
21,040
224,071
243,535
10,380
5,393
259,308
35,237)
(
49,000
67,867)
(
54,104)
(
1,202,227
1,148,123
-
-
-
-
-
-
-
-
-
-
5,226
8,279
1,134,618
1,148,123		 (
(
(		 This Year
Total
Last Year
Total
191,523
177,826
206,485
358,720
3,049
2,610
21,072
17,015
422,129
556,171
450,903
565,862
10,570
10,307
5,393
1,715
466,866
577,884
44,737)

21,713)
(
76,917
27,489
76,917)

27,489)
(
44,737)

21,713)
(
1,292,594
1,314,307
1,247,857
1,292,594
6,333
-
-
43
320
320
-
343
1,440
1,469
347
-
-
10,052
147
195
221
509
90,926
77,436
5,226
5,158
8,279
47,897
1,134,618
1,149,172
1,247,857
1,292,594

Page 13

St. Michael & All Angels, Westcliff-on-Sea for the year ended 31st December 2022

Analysis of income and expenditure

Income
Donations and legacies
Collections
FWO (Env)
FWO Bank SO
Gift Aid UN RST Donations
Gift Aid UN RST Tax Repaid
Gift Aid Rst Tax Reclaimed
Stewardship/CAF Donations
CFW Income - Pledged Income
CP Fund - Donations & Other Income
Toddler Group Income
Special Collections
Sundry Donations (incl. BMC Fund,
Holiday Club and other events)
Sundry Receipts
Church Weekend Income
Total Donations and legacies
Income from charitable activities
CP Fund - SDF Grant Funding
Pre School Grants Recd
Flowers (FGuild)
Hall Receipts
Pre School Income
Clergy Fees received
Total Income from charitable activities
Other income
Hall Solar Panel Credit
Total Other income
Investments
35 FD Rents Lower Flat
35 FD Rents Upper Flat
CBF Interest Fabric
CBF Interest General
CBF Interest Building
CBF Interest Stibbard
Bank BPA Interest
Interest from HMRC
Pre School Bank Interest
Total Investments
Total Income		 Designated
-
-
-
100
64
-
-
-
-
347
-
8,096
-
7,112
15,719
20,110
-
-
-
-
-
20,110
-
-
-
-
-
-
-
-
-
-
-
-
35,829		 Endowment
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2
-
-
-
2
2		 Restricted
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
102,508
159
-
59,530
-
162,197
-
-
-
-
-
-
-
-
-
-
30
30
162,227		 Unrestricted
9,037
-
13,805
85,513
26,047
-
21,773
7,936
-
-
1,910
7,792
1,991
-
175,804
-
-
-
23,113
-
1,065
24,178
3,049
3,049
10,235
9,540
382
780
68
-
32
3
-
21,040
224,071		 This Year
Total
Last Year
Total
9,037
8,140
-
350
13,805
10,465
85,613
79,621
26,111
24,298
-
3,857
21,773
18,452
7,936
8,558
-
9,029
347
1,223
1,910
864
15,888
3,979
1,991
5,736
7,112
3,254
191,523
177,826
20,110
204,441
102,508
94,949
159
560
23,113
8,709
59,530
46,767
1,065
3,294
206,485
358,720
3,049
2,610
3,049
2,610
10,235
9,000
9,540
7,945
382
25
780
35
68
3
2
-
32
3
3
-
30
4
21,072
17,015
422,129 556,171

Page 14

Expenses
Expenditure on charitable activities
External Giving/ Mission
Diocese Quota
Clergy Costs (Vicar)
Church Insurance
Church Light & Heat
Church Cleaning Mtrl
Church Repairs and Improvements
Cleaning expenses
Church Phone/ Broadband
Church Water
Church Office Costs
Organ repairs
Outreach
CFW Outreach
Youth Worker Outreach
Toddler Group Expenses
Worship Expenses
CFW Expenses
Administrator
Youth & Worship Leader costs
Church Weekend Expenses
CP Fund - Capital & Other expenses
CP Fund - Salaries & Pensions
Hall Light & Heat
Hall Phone
Hall Repairs and Maintenance
Hall Insurance
Hall Water
Pre School Expenses
Flowers (FG) Expenses
Membership Subscriptions
Sundry Church Costs
Garden Expenses
Total Expenditure on charitable activities
Other expenditure
Bank Charges (incl. Contactless fees)
Music Copyright
Accountancy
Depreciation Church Fixtures & Fitting
Depreciation Pre School Equip
Depreciation AV/ IT Equipment
Depreciation Solar Panels
Total Other expenditure
Raising funds
35 FD Expenses
Total Raising funds
Total Expenses
Movement in year		 Designated
Endowment
Restricted
9,553
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
26
-
-
-
-
-
305
-
-
-
-
-
-
-
-
-
-
-
-
-
-
28,367
-
-
7,141
-
-
-
-
-
20,110
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
139,468
-
-
497
-
-
-
1,901
-
-
-
-
-
67,403
-
139,965
80
-
-
-
-
-
-
-
-
-
-
-
-
-
110
-
-
-
-
-
-
80
-
110
-
-
-
-
-
-
67,483
-
140,075
( 31,654)
2
22,152
St. Michael & All Angels, Westcliff-on-Sea
for the year ended 31st December 2022		 Designated
Endowment
Restricted
9,553
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
26
-
-
-
-
-
305
-
-
-
-
-
-
-
-
-
-
-
-
-
-
28,367
-
-
7,141
-
-
-
-
-
20,110
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
139,468
-
-
497
-
-
-
1,901
-
-
-
-
-
67,403
-
139,965
80
-
-
-
-
-
-
-
-
-
-
-
-
-
110
-
-
-
-
-
-
80
-
110
-
-
-
-
-
-
67,483
-
140,075
( 31,654)
2
22,152
St. Michael & All Angels, Westcliff-on-Sea
for the year ended 31st December 2022		 Unrestricted
-
50,630
645
3,570
15,205
1,187
91,091
13,409
429
72
3,661
175
3,647
2,233
-
18
299
28,938
9,698
-
-
-
-
4,714
47
5,148
2,325
106
-
50
1,582
4,593
63
243,535
418
1,103
2,605
151
-
2,183
3,920
10,380
5,393
5,393
259,308
**( 35,237) **		 This Year
Total
Last Year
Total
9,553
6,764
50,630
47,002
645
1,716
3,570
3,469
15,205
8,183
1,187
-
91,091
17,232
13,409
13,469
429
554
72
67
3,661
2,767
175
175
3,673
2,982
2,233
-
305
-
18
743
299
-
28,938
28,672
9,698
9,785
28,367
27,831
7,141
2,600
-
201,505
20,110
43,735
4,714
3,071
47
60
5,148
3,014
2,325
2,260
106
67
139,468
130,577
547
488
1,582
884
6,494
4,579
63
1,611
450,903 565,862
498
205
1,103
1,175
2,605
2,481
151
201
110
146
2,183
2,183
3,920
3,916
10,570 10,307
5,393
1,715
5,393 1,715
466,866 577,884
( 44,737) ( 21,713)

Page 15

St. Michael & All Angels, Westcliff-on-Sea for the year ended 31st December 2022

Fund movement by type

Balances brought forward
Movement in year
Gross transfers between funds - in
Easter lillies
Hall rent receivable from Pre School
CFW Fund - contribution towards Church
costs & overheads
CFW Fund - PCC top up funding from
Fernleigh Drive rents
Fabric Fund - contribution for new boiler
Youth Worker - top up funding
PCC Allocations/ other Adjustments
Gross transfers between funds - out
Easter lillies
Hall rent receivable from Pre School
CFW Fund - contribution towards Church
costs & overheads
CFW Fund - PCC top up funding from
Fernleigh Drive rents
Fabric Fund - contribution for new boiler
Youth Worker - top up funding
PCC Allocations/ other Adjustments
Balances carried forward		 Designated
12,227
31,654)
(
-
-
-
-
18,620
9,247
27,867
-
-
-
-
-
-
8,440		 Endowment
195
2
-
-
-
-
-
-
50)
(
-
-
-
-
-
50)
(
147		 Restricted
77,945
22,152
50
-
-
-
-
-
50
9,000)
(
-
-
-
-
9,000)
(
91,147		 Unrestricted
1,202,227
35,237)
(
9,000
-
-
40,000
-
49,000
-
-
-
40,000)
(
18,620)
(
9,247)
(
67,867)
(
1,148,123		 This Year
Total
Last Year
Total
1,292,594
1,314,307
44,737)
(
21,713)
(
50
50
9,000
9,000
-
-
-
13,439
40,000
-
18,620
-
9,247
5,000
76,917
27,489
50)
(
50)
(
9,000)
(
9,000)
(
-
-
-
13,439)
(
40,000)
(
-
18,620)
(
9,247)
(
5,000)
(
76,917)
(
27,489)
(
1,247,857
1,292,594

Page 16

Balance sheet
Fixed Asset
Tangible assets
Freehold Land & Buildings
Furniture & Equipment
Investment property
Pre School Equipment
Solar Panels
Total Tangible assets
Current Assets
Cash at bank and in hand
Debtors
Net current assets
Current Liabilities
Total Creditors: amounts falling due within o
Net current assets (liabilities)
Total assets less current liabilities
Total net assets less liabilities
Represented by
Designated
Build My Church Fund (BMC Fund)
St Johns Church Plant Fund (CP Fund)
Hall Chairs Fund
Mission Giving
Church Weekend Fund
Toddler Fund
Youth & Worship Leader Fund
Endowment
Easter Lillies Fund
Restricted
Flowers (Floral Guild)
Pre School Fund
Unrestricted
Building Fund (35 FD)
Fabric Fund
General fund		 Total funds
Prior year funds
563,924
563,924
4,816
7,150
497,500
497,500
328
438
-
3,920
1,066,568
1,072,932
173,465
213,379
10,069
8,196
183,534
221,575
2,245
1,913
ne year
2,245
1,913
181,289
219,662
1,247,857
1,292,594
1,247,857
1,292,594
6,333 -
-
43
320
320
-
343
1,440
1,469
347 -
-
10,052
147
195
221
509
90,926
77,436
5,226
5,158
8,279
47,897
1,134,618
1,149,172
1,247,857
1,292,594
St. Michael & All Angels, Westcliff-on-Sea
for the year ended 31st December 2022		 Total funds
Prior year funds
563,924
563,924
4,816
7,150
497,500
497,500
328
438
-
3,920
1,066,568
1,072,932
173,465
213,379
10,069
8,196
183,534
221,575
2,245
1,913
ne year
2,245
1,913
181,289
219,662
1,247,857
1,292,594
1,247,857
1,292,594
6,333 -
-
43
320
320
-
343
1,440
1,469
347 -
-
10,052
147
195
221
509
90,926
77,436
5,226
5,158
8,279
47,897
1,134,618
1,149,172
1,247,857
1,292,594
St. Michael & All Angels, Westcliff-on-Sea
for the year ended 31st December 2022
n
e year

Page 17

St. Michael & All Angels, Westcliff-on-Sea for the year ended 31st December 2022

Statement of assets and liabilities

Fixed Asset
Freehold Land & Buildings
Buildings Hall
Vicarage Garden
RS Building
RS Architect Fees
RS Building Fees
Total Freehold Land & Buildings
Furniture & Equipment
AV/ IT Equipment - cost
AV/ IT Equipment - depreciation
Church fixtures & fittings - cost
Church fixtures & fittings - depreciation
Total Furniture & Equipment
Investment property
35 Fernleigh Drive
Total Investment property
Pre School Equipment
Pre School Equipt
Pre School Equip Acc Depn
Total Pre School Equipment
Solar Panels
Solar Panels Cost
Solar Panel Depn
Total Solar Panels
Total Fixed Asset
Cash at bank and in hand
CBF General Fund
CBF Building Fund (35FD)
CBF Fabric Fund (Church)
CBF Stibbard Fund
Barclays CA BPA
Barclays Premium Acc
Barc Flowers (FG)
Pre School Chk Ac
Pre School Dep Ac
Pre School Cash
Total Cash at bank and in hand
Current Assets
Sundry Debtors
Pre School Debtors
Total Current Assets
Net current assets
Current Liabilities
Pre School Creditors
Accrual
Total Current Liabilities
Total net assets (liabilities)		 Designated
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
347
( 19,892)
-
-
-
-
( 19,545)
118
-
118
( 19,427)
-
-
-
( 19,427)		 Endowment
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
147
-
-
-
-
-
-
147
-
-
-
147
-
-
-
147		 Restricted
-
-
-
-
-
-
-
-
-
-
-
-
-
11,933
( 11,605)
328
-
-
-
328
-
-
-
-
-
-
221
52,565
36,891
174
89,851
-
1,569
1,569
91,420
601
-
601
91,147		 Unrestricted
250,000
5,650
273,988
19,238
15,048
563,924
10,915
( 6,549)
13,181
( 12,731)
4,816
497,500
497,500
-
-
-
39,164
( 39,164)
-
1,066,240
50,139
5,225
8,278
-
153
39,217
-
-
-
-
103,012
8,382
-
8,382
111,394
-
1,644
1,644
1,175,990		 This Year
Total
Last Year
Total
250,000
250,000
5,650
5,650
273,988
273,988
19,238
19,238
15,048
15,048
563,924 563,924
10,915
10,915
( 6,549)
4,366)
(
13,181
13,181
( 12,731)
12,580)
(
4,816
7,150
497,500
497,500
497,500 497,500
11,933
11,933
( 11,605)
11,495)
(
328
438
39,164
39,164
( 39,164)
35,244)
(
-
3,920
1,066,568
1,072,932
50,139
69,360
5,225
5,157
8,278
47,897
147
194
500
499
19,325
13,337
221
508
52,565
41,170
36,891
34,863
174
394
173,465 213,379
8,500
7,061
1,569
1,135
10,069 8,196
183,534 221,575
601
563
1,644
1,350
2,245 1,913
1,247,857 1,292,594

Page 18

Notes to the Financial Statements

a) Basis of preparation

b)

St. Michael & All Angels, Westcliff-on-Sea for the year ended 31st December 2022

1) Accounting Policies

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2015)’,Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Charities Act 2011. The financial statements have been prepared under the historical cost convention with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

Financial reporting standard 102 – reduced disclosure exemptions

The charity has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 ‘The Financial Standard applicable in the UK and Republic of Ireland’: - The requirement of Section 7 Statement of Cash Flows.

Taxation

The charity is exempt from tax in its charitable activities.

Funds

General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available on application for the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted.

The accounts 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 those that are informal gatherings of Church members.

Separate accounts of the Pre School are available, but under the Charities Act 2011, the organisation is regarded as being under the control of the PCC and the figures are consolidated in the main church accounts on a line by line basis.

c)

Incoming Resources

Voluntary income and capital sources

Collections are recognised when received by or on behalf of the PCC. Planned giving receivable under covenants is recognised only when received. Income tax recoverable on covenants or gift aid donations is recognised when the income is recognised. Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the PCC is reasonably certain.

Funds raised by the bazaar, fetes, garden parties and similar events are accounted for gross. Sales of books and magazines from the church bookstall are accounted for gross.

Other ordinary income

Rental income from the letting of church premises is recognised when the rental is due.

Endowment fund income

Investment income on the endowment fund is restricted to the purposes of that fund and recognized when received.

Income from investments

Interest entitlements are accounted for as they are received.

Gains and losses on investment

Realised gains and losses on investments are recognised when investments are sold. Unrealised gains or losses are accounted for on revaluation of investments at 31 December.

Page 19

d)

e)

St. Michael & All Angels, Westcliff-on-Sea for the year ended 31st December 2022

Resources Used

Costs of generating funds

These include the costs of any fund-raising activities and maintenance costs of the investment property.

Grants

Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC.

Activities directly relating to the work of the Church

The diocesan parish share is accounted for when paid. Pre School expenditure is included as a Church outreach project.

Governance costs

These represent the cost involved in running and staffing the church office. The independent examiner has kindly waived his entitlement to any fees.

Fixed Assets

Consecrated land and buildings and moveable church furnishings

Consecrated and benefice property is excluded from the accounts by s.96(2)(a) of the Charities Act 2011.

No value is placed on moveable church furnishings held by the churchwardens on special trust for the PCC, which require a faculty for disposal and which the PCC considers to be inalienable property, since insufficient cost information is available to value such assets in the accounts.

All expenditure incurred during the year on consecrated or beneficed buildings, individual items under £1,000 or on the repair of moveable church furnishings acquired is written off.

Tangible fixed assets and depreciation

The freehold land and buildings comprised the church hall and grounds situated at Leigh Road.

The original hall building was included at a PCC estimated value of £250,000 to which should be added the cost of the extension of £313,924.

No depreciation is provided for on freehold land, nor on permanent buildings because the PCC take the view that these assets have a very long useful life, are expected to maintain their value, and have suffered no impairment during the year.

Depreciation is provided for on all other tangible fixed assets at the following annual rates in order to write off each asset over its estimated useful life:

Church Fixtures & Fittings 25% on a reducing balance Audio-visual/ IT Equipment 20% on a straight line basis Pre School Equipment 25% on a reducing balance Solar Panels 10% on a straight line basis

Costs incurred in setting up a kitchen at the back of the church at a cost of £22,900 were reflected in the income & expenditure account following a discussions and decision by the PCC in 2018.

Individual items of equipment with a purchase price of £1,000 or less are written off when the asset is acquired.

Investment property

Investments are valued at market value at 31 December, subject to periodic review. The investment property is valued as a single unit, rather than as separate flats, on grounds of prudence.

Since September 2017 management of the investment property has been undertaken under the terms of a professional contract with a firm of independent residential property managers.

Page 20

2)

3)

4)

St. Michael & All Angels, Westcliff-on-Sea for the year ended 31st December 2022

f)

Current assets

Amounts owing at 31 December in respect of fees, rents or other income due are shown as debtors less provision for amounts that may prove uncollectible.

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

Investment Income

Investment Income
2022 2021
£ £
Lettings – investment property 19,775 16,945
Interest 1,297 70

Trustee Expenses

No trustee received any remuneration for services provided to the charity in 2022 or 2021 other than that disclosed in the Related Party note.

Staff Costs

Staff Costs
2022 2021
£ £
Wages and salaries including Social Security costs 179,655 177,680
Staff pension 6,702 6,088

St Michael and All Angels' Pre School employed 14 staff members during the year (14 in 2021). St Michael and All Angels' Church employed 4 staff members during the year (4 in 2021). None of the employees received any benefits other than that of a pension.

The Pre School employees work on term time only and only 2 are effectively full time.

5)

Tangible Fixed Assets

Cost
Net Book Value at 31 December 2021
At 1 January 2022
At 31 December 2022
Depreciation
At 1 January 2022
Charge for year
At 31 December 2022
Net Book Value at 31 December 2022		 Freehold
Land &
Buildings
£
563,924
563,924
-
-
-
563,924
563,924		 Furniture &
Equipment
£
24,096
24,096
16,946
2334
19,280
4,816
7,150		 Pre School
Equipment
£
11,933
11,933
11,495
110
11,605
328
438		 Solar
Panels
£
39,164
39,164
35,244
3,920
39,164
-
3,920		 Total
2021
£
639,117
639,117
63,685
6,364
70,049
569,068
575,432

6) Investment property

The property, 35 Fernleigh Drive, Leigh-on-Sea, is a semi-detached house in its own grounds let as two flats under short hold tenancies. For the purpose of these accounts the property is valued as a single unit. The property is held at open market value as at the balance sheet date which is determined by the PCC, based on price information provided by a local Estate Agents.

Valuation in 2005 amounted to £175,000 - revaluation in 2009 amounted to £287,500 - revaluation in 2013 amounted to £335,000 – revaluation in 2015 amounted to £450,000 with a latest revaluation in 2018 which amounted to £497,500. The current valuation has been compared with similar properties in the street where valuation information is available and is considered still to be a fair valuation. A total unrealized gain of £322,500 has been reflected in the Accounts.

Page 21

St. Michael & All Angels, Westcliff-on-Sea

for the year ended 31st December 2022

7) Debtors Other debtors

7) Debtors
Designated
Funds		 Endowment
Funds		 Restricted
Funds		 Unrestricted
Fund		 2022
Total		 2021
£ £ £ £ £ £
Other debtors 118 - 1,569 8,382 10,069 8,196
118 - 1,569 8,382 10,069 8,196
8) Liabilities: Amounts falling due with one year
Designated
Funds		 Endowment
Funds		 Restricted
Funds		 Unrestricted
Fund		 2022
Total		 2021
£ £ £ £ £ £
Creditors - - 601 1,644 2,245 1,913
- - 601 1,644 2,245 1,913
9) Analysis of Net Assets by Fund Designated
Funds		 Endowment
Funds		 Restricted
Funds		 Unrestricted
Fund		 2022
Total		 2021
£ £ £ £ £ £
Fixed Assets - - 328 1,066,240 1,066,568 1,072,932
Current Assets 8,440 147 91,420 83,527 183,534 221,575
Current Liabilities - - 601 1,644 2,245 1,913
8,440 147 91,147 1,148,123 1,247,857 1,292,594

10) Related Party Disclosure

During the year the charity paid a salary of £ £4,916 to Mrs W Gould for her acting role as Church Administrator. Mrs W Gould became a Trustee in October 2020.

Mr P Gould (husband to Mrs W Gould) was reimbursed £1,857 for his time and materials in his role as handyman.

Page 22

INDEPENDENT EXAMINER’S UNQUALIFIED REPORT

ST MICHAEL AND ALL ANGELS CHURCH OF ENGLAND

Independent Examiner’s Report to the Trustees

I report on the financial statements of the Trust for the year ended 31 December 2022 set out on pages 1 to 22.

This report is made solely to the charity’s trustees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for my work, for this report, or for the opinions I have formed.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of financial statements. 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 needed.

It is my responsibility to:

to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b)^ of * the 2011 Act; and

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 financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from you as trustees 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 financial statements 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:

to prepare financial statements which accord with the accounting records and comply with the accounting requirements of the - 2011 Act;

have not been made or

to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial b) statements to be reached.

J P Francis FCA 1386 London Road Leigh on Sea Essex, SS9 2UJ Date: 31st March 2023

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