## Sheffield St. Mark Broomhill (Registered charity number 1128758) ## **Financial Statements** ## **of the Parochial Church Council of The Ecclesiastical Parish of St Mark’s Broomhill, Sheffield** for the year ended 31 December 2022 **Incumbent:** Revd Sue Hammersley **Honorary Treasurer:** Mr David Armstrong **Bank:** HSBC Bank plc Broomhill **Independent Examiner:** Julie Holderness Roddis Taylor Robinson Chartered Accountants **V3.1** Final Page 1 of 30 **Sheffield St Mark Broomhill** **Final V3.1** ## **Annual Financial Report of the Parochial Church Council for the year ended 31 December 2022** ## **Administrative information** St Mark’s Church is situated in Broomhill, Sheffield, next to the Royal Hallamshire Hospital. It is part of the Diocese of Sheffield within the Church of England. The correspondence address is the Vicarage, 4 St Mark’s Crescent, Sheffield S10 2SG. St Mark’s Parochial Church Council (“PCC”) is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure and is a Registered Charity (no. 1128758). Members of the PCC are either ex officio, elected by the Annual Parochial Church Meeting (“APCM”) or co-opted. The last APCM was on 22nd May 2022, the next APCM is on 23rd April 2023. PCC members who have served at any time during 2022 until the date of this report are: Clergy _Incumbent: Liberal Theologian Assist. Priest_ **Revd Sue Hammersley Revd Beth Keith Revd Shan Rush** _Wardens:_ **James Oliver Dilys Noble** _Representatives on the Deanery & Diocesan Synods: Representatives on the Deanery Synod:_ **Lu Skerratt Love** (until August 2022) **Chris Ware** _Elected members: 2022 PCC 2021 PCC_ **Emma Castle Nana Nyarko Emma Castle Nana Nyarko David Armstrong Martin Godley David Armstrong Hannah Speed Amanda Pilkington Briony Tayler Sandra Newton Briony Tayler Anne Padget Jane Padget Katherine Tattershall Mike Hunt** _Co-opted_ (from Sept 2022) (from July 2022) ## **Structure, governance and management** The method of appointment of PCC members is set out in the Church Representation Rules. All Church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC. ## **Objectives and activities** The 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. The PCC members are responsible for making decisions on all matters of general concern and importance to the parish including how the funds of the PCC are to be spent The PCC also operates through a number of committees that meet between full meetings of the PCC. These are: _Standing_ (with the power to transact the business of the PCC between its meetings, subject to any directions given by the PCC), _Finance and Fabric, Faith and Justice - currently operating as Home & International Donations, Communications, Children, Young People and Students (CHYPS), Pastoral and Hospitality, Study & Learning, Worship._ ## **Church Attendance** As reported at the last APCM there were 180 on the Church Electoral Roll. Details of changes in the Roll will be notified at the next APCM. The average Sunday attendance at both in-person services in October 2022 was 137 (135) this is both on and in-person, with an additional 17 on-line. This number increased significantly at festivals. ## **Review of the year** The report on the activity of the PCC during the year together with reports from the clergy, wardens, the above mentioned PCC committees and other groups within the Church are given in the Annual Report for the year, published separately to this Annual Financial Report. Page 2 of 30 **Sheffield St Mark Broomhill** **Final V3.1** **Annual Financial Report of the Parochial Church Council for the year ended 31 December 2022** ## **Payments to PCC members, persons closely related them or other related parties** PCC members receiving payments from the PCC during the year included the Vicar, Associate Vicar and Assistant Priest (see notes 5(d) for details of their expenses). They did not participate in discussions concerning payments made to them. Any payments or expenses were paid to any other PCC member, persons closely connected to them or other related parties are noted within the accounts. **Reserves** General Cash Reserves £ 35,606 (£48,499 2021) Unrestricted general cash reserves at 31 December 2022 are shown above (with last years figure for comparison). The PCC has a policy to maintain sufficient general reserves to cover at least three month’s unrestricted payments (c£30,000). It is the PCC’s policy to invest deposit fund balances with HSBC (current or deposit accounts) or the CCLA Church of England Deposit Fund. ## **Investments** Total Investments £ 470,200 (£524,512 2021) Total investments as at 31 December are shown above (with last years figure for comparison). All Investments are held with CCLA. Dividends provide income either directly to the general fund or to fabric reserves/deposit accouints. These investments are held for the income they generate rather than the capital value. This value is expected to fluctuate over time. Social Investments are also held with Sheffield Credit Union. These do not generate significant financial returns The Investment Analysis section gives more details ## **Legacies** During 2022 we received the following legacies. These are included in section 4d in the main accounts. From the late Susan Murray **£ 1,000** TOTAL **£ 1,000** All legacies and bequests received were unconditional as to their use and have been placed in the Designated Fund General Reserve whilst the PCC considers how they should be utilised. **Fixed Assets** During 2022 funds were spent on a number of items that are classified as fixed assets and are depreciated over time. These were: Building, Property and Organ Improvements None **£ -** Major redecoration None **£ -** Fixtures, Fittings and Equipment Bench for memorial garden **£ 547** Upper room LED lighting **£ 3,288** TOTAL **£ 3,835** ## **Transfers between funds.** None Page 3 of 30 **Sheffield St Mark Broomhill** **Final V3.1** **Annual Financial Report of the Parochial Church Council for the year ended 31 December 2022** ## **Financial Review (from the 2022 Financial Statements)** ## **Financial summary** ## **-£6,472 General fund** In 2022 the General fund ran a deficit as shown above. This was expected and is largely the result of increased expenditure. All the main types of income shown on the next page increased. Total income was in line with the budget although the distribution was different. Expenditure was also significantly higher than last year but was overall slightly below the budget. There was a large overspend on repairs and maintenance budget but this was offset by savings in many other areas. ## **Significant financial events of the year** During the year the following highlights are worthy of note: - This year has been one of significant expenditure on repairs. These have included the lift, solar panels and roof. This is expected to continue in 2023 with repair work already underway on the boundary wall and replacement of Upper Room boiler and Secondary Glazing expected to take place. - Income from our investments was 30% higher in 2022 than 2021. However the value of these investments fell by about 12% which is significantly due to the war in Ukraine. The value is far less significant than the income they generate. - Income from room hire continued to increase. This is now a significant part of our income once again and one we are always looking to increase. - Income from the solar panels was lower than expected due to an electrical fault. This was fixed in late summer. - Both Income & Expenditure are the second highest they have been in the last 10 years - We were fortunate to receive another legacy in 2022 from the late Susan Murray. We have been notified by the executors of Gordon Lentell's estate that we are beneficiaries of his will. Page 4 of 30 **Final V3.1** |**St Mark's PCC Accounts**|||||||||||||||**Final V3.1**|**Final V3.1**| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |**For the year ended 31 December 2022**||||||||||||||||| |**Annual Financial Report Summary**||||||||||||||||| |**General fund only**|||||||||||||||**Movement**|| ||||**2022**|**2021**|**2020**|**2019**|**2018**|**2017**|**2016**|**2015**|**2014**|**2013**|**2012**|**2022 - 2021**||**%**| |General Fund Income|||235,328|218,056|225,271|244,542|229,617|231,809|220,363|224,170|227,097|225,268|209,521|“—o—-|17,272|8%| |General Fund Expenditure|||241,800|213,788|219,664|245,685|231,163|226,479|211,418|202,492|211,545|222,391|208,993|Wrn~|28,012|13%| |Surplus / (Defit)|||-6,472|4,268|5,607|-1,143|-1,546|5,330|8,945|21,678|15,552|2,877|528||-10,740|| |Income details||||||||||||||||| |Voluntary Income|2.a||194,269|188,965|198,611|211,209|198,373|202,933|191,098|205,655|202,464|205,036|191,880|NaN|5,304|3%| |Fund raising activities
Church Activities|2.b
2.d||11,400
16,432|10,525
8,561|10,245
9,179|10,360
17,265|10,687
19,116|10,418
17,429|10,704
17,694|530
16,982|7,330
16,336|195
19,086|848
15,846|—
MA
Sf|875
7,871|9%
86%| |Divs/Interest|2.c|13,227
10,005
7,236
5,708
1,441
1,029
235,328
218,056
225,271
244,542
229,617
231,809
a|||||||867
220,363|1,003
224,170|967
227,097|951
225,268|947
209,521||3,222
17,272|45%| |Expenditure details||||||||||||||||| |Outreach|5.a||22,094|22,439|22,107|23,474|23,385|||||||Al|345
-|-2%| |Diocese Outreach
Diocese Incumbent|5.b||18,913
70,000|18,913
70,000|17,168
70,000|19,351
70,000|17,170
70,000|||||||aA|-
-|0%
0%| |Staff costs|5.c||53,709|51,698|37,123|35,435|32,675|||||||~|2,011|5%| |Clergy costs|5.d||27,885|14,186|39,075|47,788|46,887|||||||Vv|13,699|35%| |Bills|5.e||18,493|16,229|16,112|26,791|16,476|||||||/\|2,264|14%| |Running costs|5.f||25,032|16,248|13,045|17,809|18,259|||||||\e|8,784|67%| |Other ministry|5.g||1,475|525|964|1,345|1,284|||||||wv|950|99%| |Sundries|5.h||4,199|3,550|4,070|3,692|5,027|||||||\/|649|16%| ||||241,800|213,788|219,664|245,685|231,163||||||||28,012|| |||||||||||||||||| |Unrestricted Cash & Reserves||||||||||||||||| |General Reserves (Bank & deposit)|||97,855|118,106|87,177|189,760|331,915|291,970|202,550|54,605|36,463|30,935|25,110|Nan|20,251
-|-23%| |Other reserves and accounts
Unrestricted Fabric Reserves|||199,736
12,243|175,336
11,476|166,343
10,732|166,318
34,293|34,056|36,807|42,177|46,297|43,749|41,539|42,740|Nfo|24,400
767|15%
7%| ||||309,834|304,918|264,252|390,371|365,971|328,777|244,727|100,902|80,212|72,474|67,850||4,916|1%| |Investments & Reserves||||||||||||||||| |General Investments|||298,227|328,793|204,933||||||||||30,566
-|-15%| |General Reserves|||97,855|118,106|110,969||||||||||20,251
-|-18%| |Fabric Reserves|||1,648|902|179||||||||||746|417%| |Other Reserves|||2,060|8,824|105,352||||||||||6,764
-|-6%| ||||399,790|456,625|421,434||||||||||56,835
-|-13%| Page 5 of 30 **----- Start of picture text -----**
2022
Other ministry Sundries
Outreach
Divs/Interest 1% 2% 9%
Church Activities 6% Running costs
Diocese
7% 10% Bills Outreach
Fund raising
8% 8%
activities Expenditure
5% Income
Clergy costs
Diocese
11%
Incumbent
Voluntary Income 29%
82%
Staff costs
22%
**----- End of picture text -----**
## **Historic trend** **----- Start of picture text -----**
Income & Expenditure
300,000
250,000
200,000
150,000
100,000
50,000
0
2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
General Fund Income General Fund Expenditure
**----- End of picture text -----**
Page 6 of 30 **----- Start of picture text -----**
General Designated Restricted Endowment TOTALS
Current Account HSBC Curr St Marks Church Hall CCLA Eth
£ 23,265.19 £ 66,765.90
PCC £ 13,200.96 Diocese £ 2,083.47
Elliot Bequest CCLA Inv
£ 6,338.29
Diocese £ 188.65
Friends of St Marks CCLA Inv
£ 16,475.43
Diocese £ 490.36
Kelk Bequest CCLA Inv
£ 2,002.65
PCC £ 59.60
General Investment CCLA Eth Berry Bequest CCLA Inv
£ 197,675.58 £ 13,502.42
PCC £ 5,767.00 PCC £ 401.88
Savings Account HSBC Dep CRC Susp (Des&Res) HSBC Dep Hospitailty HSBC Dep
£ 68,266.48 CRC £ 1,804.26 Hosp £ 1,363.11
PCC £ 17.56 PCC £ 2.83 PCC £ 1.94
Conatains a mixture
of allocated and 2018 Legacies CCLA Dep Youth HSBC Dep
unallocated funds £ - Youth £ 1,789.14
PCC £ 2.17 PCC £ 2.32
Social Fund HSBC Dep
Soc £ 1,031.15
PCC £ 1.39
TOTAL £ 91,531.67 TOTAL £ 199,479.84 TOTAL £ 4,183.40 TOTAL £ 105,084.69 £ 400,279.60
Mainland / Stamper I CCLA Inv
£ 5,312.81
PCC £ 515.26
Mainland / Stamper D CCLA Dep
£ 256.34
PCC £ 4.37
TOTAL £ - TOTAL £ 5,569.15 TOTAL £ - TOTAL £ - £ 5,569.15
Home from Home
£ 61,152.00
PCC £ 4,210.00
Credit Union Credit Union
99001 £ 10,594.96
PCC £ -
TOTAL £ - TOTAL £ 71,746.96 TOTAL £ - TOTAL £ - £ 71,746.96
Fabric Inv (Des) CCLA Eth Fabric Inv (Res) CCLA Eth
£ 23,491.09 £ 34,640.19
PCC £ 733.07 PCC £ 1,080.96
Fabric Deposit (Des) CCLA Dep Fabric Deposit (Res) CCLA Dep
£ 1,648.24 £ 2,430.44
PCC £ 12.95 PCC £ 19.09
Quinquenial accounts £ 2,829.46 Thomas Bequest Dep CCLA Dep Thomas Bequest Inv CCLA Inv
Full 5 years £ 14,147.30 £ 2,150.36 £ 32,248.90
PCC £ 23.55 Diocese £ 959.84
TOTAL £ - TOTAL £ 25,139.33 TOTAL £ 39,220.99 TOTAL £ 32,248.90 £ 96,609.22
TOTAL £ 91,531.67 TOTAL £ 301,935.28 TOTAL £ 43,404.39 TOTAL £ 137,333.59 £ 574,204.93
General
Special
Social
Fabric
**----- End of picture text -----**
Page 7 of 30 Final V3.1 ## **St Mark's PCC Accounts For the year ended 31 December 2022 Budget Compare - GENERAL FUND ONLY** |**Income**
Donated income
Planned giving
Income Tax recovered
Collections at all services
Sundry Donations
Activities for generating funds
Car park
Income from investments
Other Income
Church and room hire
PV Panel feed in tarif
Fees
Magazine
Home from Home income
TOTAL
Expenditure
Donations
International Donations
Home Donations
Soup Run
Ministry
Diocesan Common Fund
Vicarage Water / Sewage Charges
Vicar's discretionary fund
Vicars expenses
Liberal Theologian - expenses
Liberal Theologian - house rent
Liberal Theologian - Council Tax
Liberal Theologian - stipend etc
Water / Sewage and alarm maintenance
Curate costs
Assistant Priest Expenses
Visiting clergy and speakers
Children and Youth work
Lay training and visits
Student and Young Adult work
Pastoral Expenses
Church conference/Parish weekend
Running Costs
Gas
Electricity
Water & Sewage
Church repairs and maintenance
Post & Printing
Printing / Copyright Licences
IT Support
Telephones & Broadband
Copier
Grounds maintenance
Waste collection
Insurance Premium
Cleaning
Caretaker
Family Worker
Administrator Services
Director of Music (Payroll etc)
Organ / Piano Tuning and Repair
Music Expenses
Organist / Organ Practice Fees
Sanctuary expenses
Library books & Cards
Accounting Costs
Sundry expenses
Trips and Events
Home from Home expenses
Depreciation
Lift Maintenance
Burglar Alarm maintenance
PAT Testing
Fire Alarm maintenance
Boiler maintenance
Fire extinguisher maintenance
Payroll Bureau Charges
Special Expenditure|2022 Budget 2022 Actual
158,190
148,279
39,183
35,462
3,263
4,239
2,000
6,289
12,000
11,400
6,000
9,017
4,840
10,639
3,800
2,812
1,845
2,640
500
341
4,200
4,210
235,821
235,328
11,000
11,000
11,000
11,000
94
88,913
88,913
760
772
-
-
2,500
2,491
1,200
678
5,004
5,000
2,440
2,510
15,120
15,066
487
800
-
-
410
341
100
227
750
1,109
500
286
500
-
-
-
-
-
1,440
1,298
14,000
9,679
770
318
5,752
14,038
1,200
944
1,000
787
1,370
1,380
1,270
1,456
918
919
1,387
1,234
404
347
5,456
5,395
7,500
7,282
8,000
7,344
17,500
15,709
17,500
15,903
8,500
8,184
1,250
779
449
110
750
950
694
793
75
34
1,247
1,218
1,000
636
-
80
-
226
1,070
1,816
515
720
184
551
164
179
350
361
141
-
313
314
530
529
-
243,383
241,800|Difference %age| |---|---|---| |||9,911
-
-6%
3,721
-
-9%| |||976
30%
4,289
214%| |||600
-
-5%| |||3,017
50%
5,799
120%| |||988
-
-26%| |||795
43%| |||159
-
-32%| |||10
493
-
-
0%
-
0%| |||94| |||-
0%| |||12
2%| |||-
9
-
0%
522
-
-44%
4
-
0%| |||70
3%| |||54
-
0%| |||313
64%| |||-
69
-
-17%| |||127
127%
359
48%| |||214
-
-43%
500
-
-100%
-
-
142
-
-10%
4,321
-
-31%
452
-
-59%| |||8,286
144%| |||256
-
-21%
213
-
-21%| |||10
1%
186
15%
1
0%| |||153
-
-11%
57
-
-14%
61
-
-1%
218
-
-3%
656
-
-8%
1,791
-
-10%
1,597
-
-9%
316
-
-4%
471
-
-38%
339
-
-76%| |||200
27%
99
14%| |||41
-
-55%
29
-
-2%
364
-
-36%| |||80
226
746
70%
205
40%
367
199%
15
9%
11
3%| |||141
-
-100%| |||1
0%| |||1
-
0%
-
1,583
-| Page 8 of 30 **Final V3.1** **Sheffield St. Mark Broomhill** ## **Statement of Financial Activities** |**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
Church activities
2.d
**Total Income**
**Expenditure**
Church Activities
3.a
Raising funds
3.b
**Total Expenditure**
Net Income/(Expenditure)
Before Investment Gains/(Losses)
Net Gains and Losses on Investments
**Net Income /(Expenditure)**
**Transfers Between Funds**
Transfer to Fabric Investment
Transfer of Mainland Deposit
Transfer of Mainland Investment
**Net Movement in Funds**
Balances Brought Forward at
1 January 2022 (2021)
**Balances Carried Forward at**
**31 December 2022 (2021)**||**2022**||**Total Funds**
**2022**
**£**
**199,208**
**12,907**
**16,673**
**18,422**
**247,210**
**288,490**
**-**
**288,490**
**(41,280)**
**(56,280)**
**(97,560)**
**-**
**-**
**-**
**(97,560)**
**850,440**
**752,880**||2021||| ||**Unrestricted Funds**
**General**
**Designated**
**£**
**£**
**194,269**
**1,000**
**11,400**
**-**
**13,227**
**1,357**
**16,432**
**-**
**235,328**
**2,357**
**241,800**
**33,568**
**-**
**-**
**241,800**
**33,568**
**(6,472)**
**(31,211)**
**-**
**(32,535)**
**(6,472)**
**(63,746)**
**-**
**-**
**-**
**-**
**-**
**-**
**(6,472)**
**(63,746)**
**49,573**
**503,602**
**43,101**
**439,856**|**Restricted**
**Funds**
**£**
**3,939**
**1,507**
**2,089**
**1,990**
**9,525**
**13,122**
**-**
**13,122**
**(3,597)**
**(4,911)**
**(8,508)**
**-**
**-**
**-**
**(8,508)**
**141,098**
**132,590**|**Endowment**
**Funds**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**(18,834)**
**(18,834)**
**-**
**-**
**-**
**(18,834)**
**156,167**
**137,333**||Unrestricted Funds
General
Designated
£
£
188,965
1,000
10,525
-
10,005
2,293
8,561
-
218,056
3,293
213,788
33,139
-
-
213,788
33,139
4,268
(29,846)
-
21,342
4,268
(8,504)
-
-
-
-
-
-
4,268
(8,504)
45,305
512,106
49,573
503,602|Restricted
Funds
£
1,395
-
1,995
185
3,575
11,507
-
11,507
(7,932)
4,707
(3,225)
-
-
-
(3,225)
144,323
141,098|Endowment
Funds
£
-
-
-
-
-
-
-
-
-
19,122
19,122
-
-
-
19,122
137,045
156,167|Total Funds
2021
£
191,360
10,525
14,293
8,746
224,924
258,434
-
258,434
(33,510)
45,171
11,661
-
-
-
11,661
838,779
850,440| Page 9 of 30 ## **Sheffield St. Mark Broomhill** ## **Final V3.1** ## **Balance Sheet at 31 December 2022** |**Note**
**Fixed Assets**
_Tangible Fixed Assets_
7.a
Building and organ improvements
Major redecoration
Fixtures, fittings & equipment
_Investments_
7.c
Parochial Church Council property
Trust funds administered by the PCC
Social investments
7.b
**Current Assets**
_Monetary Assets and Debtors_
7.d
Cash at bank and in hand
Deposit accounts
Debtors and prepayments
**Liabilities: Amounts falling**
**due within one year**
Accruals and deferred income
7.e
**Net Current Assets**
**Net Assets**
_Represented by:_
**Funds**
8
Unrestricted
Restricted
Endowment|**2022**
**£**
**£**
**169,419**
**-**
**9,568**
**178,987**
**276,625**
**121,828**
**61,152**
**459,605**
**23,265**
**91,332**
**6,079**
**120,676**
**(6,388)**
**114,288**
**752,880**
**482,957**
**132,590**
**137,333**
**752,880**|2021
£
£
187,882
-
15,888
203,770
311,127
138,604
64,207
513,938
30,996
104,212
4,774
139,982
(7,250)
132,732
850,440
553,175
141,098
156,167
850,440| |---|---|---| Approved by the Parochial Church Council on 23rd April 2023 and signed on its behalf by: Revd Sue Hammersley (Incumbent) Mr David Armstrong (Honorary Treasurer) The notes on pages 11 to 29 form part of these accounts Page 10 of 30 **Final V3.1** ## **Sheffield St. Mark Broomhill** ## **Notes to the financial statements** ## **For the year ended 31 December 2022** ## **1 Accounting Policies** The PCC is a public benefit entity within the meaning FRS102 _(Financial Reporting Standard)_ . 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. They are also prepared under the applicable accounting standards and the current statement of Recommended Practice, Accounting and Reporting by Charities (SORP (FRS102)). The financial statements have been prepared under the historical cost convention except for investment assets, which are shown at market value. ## **Funds** General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. These include funds designated for a particular purpose by the PCC. ## _Church activities_ The Common Fund and Associate Vicar contributions to the Diocese are accounted for when payable. ## _Pension costs and other post retirement benefits_ The PCC operates a defined contribution pension scheme. Contributions payable to the pension scheme are charged to the SOFA in the period to which they relate. ## **Fixed assets** _Consecrated land and buildings and moveable church furnishings_ Consecrated and beneficed property (the church buildings and grounds) is excluded from the accounts by the Charities Act 2011. The purposes of any restricted and endowment funds are noted in the accounts at note 8 on pages 14 and 15. The accounts include transactions, assets and liabilities for which the PCC can be held responsible. ## **Income** This is included in the Statement of Financial Activities (“SOFA”) when: (1) the PCC becomes legally entitled to the benefit of use of the resources; (2) an inflow of economic benefit is probable, and; (3) the monetary value can be measured with sufficient reliability. ## _Voluntary income and capital sources_ - Collections are recognised when made. The building and organ improvements and moveable church furnishings held by the Vicar and Churchwardens on special trust for the PCC, and which require a faculty for disposal, are accounted as inalienable property unless consecrated. For inalienable property acquired prior to 2001 there is insufficient cost information available and therefore such assets are not valued in the accounts. Items acquired since 1 January 2001 have been capitalised and depreciated in the accounts over their currently anticipated useful economic life (either over 25 or 10 years) on a straight-line basis. All expenditure incurred in the year on consecrated buildings or beneficed building (excluding building and organ improvements, asbestos stabilisation and redecoration), individual items under £500 (discretionary limit) or on the repair of moveable church furnishings is written-off. - Amounts receivable under Gift Aid are recognised only when honoured by the giver. - Income tax recoverable on Gift Aid donations is recognised only when claimable. - Grants and bequests to the PCC are accounted for when the amount is payable. - Income from fund raising events is accounted for gross. ## _Other fixtures, fittings and office equipment_ Items used within the church premises are depreciated on a straight-line basis over four years. Individual items of equipment with a purchase value of £500 (discretionary limit) or less or repairs are written off in the period in the year. The sale of books and magazines from the church bookstall are accounted for gross. ## v0.18 ## Draft For review with Sue Equipment rentals are paid and charged as they are incurred. ## _Income from church activities_ - Income from the hire of the church premises is accounted for on an event by event basis after deduction of caretaking services. ## _Investments_ Investments are valued at market value at 31 December. - Parochial fees due to the PCC for weddings, funerals etc are accounted for on an event by event basis. ## **Net current assets** ## _Income from investments_ - Dividends and interest are accounted for when due. ## _Investment gains and losses_ Amounts owing to the PCC at 31 December in respect of fees, rents and room hire or other income are shown as debtors if the individual debts are greater than £500 or otherwise on a discretionary basis if required. - Unrealised gains or losses are accounted for on the revaluation of investments at 31 December. ## **Expenditure and liabilities** These are recognised as soon as an outflow of economic benefit is probable. Costs and expenses payable by the PCC at 31 December are accrued if the individual amounts are greater than £500 or otherwise on a discretionary basis if required. Stocks of books and consumables are written off in the year acquired if their remaining cost or net realisable value is less than £500. ## _Grants and donations_ Grants and donations are accounted for when payable. Deposit accounts include cash held on deposit with the Central Board of Finance of the Church of England, the Sheffield Credit Union or at the Bank. Page 11 of 30 **Final V3.1** **Sheffield St. Mark Broomhill** ## **Notes to the financial statements** **----- Start of picture text -----**
For the year ended 31 December 2022 2022 2021
Unrestricted Funds Restricted Endowment Total Funds Unrestricted Funds Restricted Endowment Total Funds
General Designated Funds Funds 2022 General Designated Funds Funds 2021
Note £ £ £ £ £ £ £ £ £ £
2 Income and Endowments
2.a Voluntary income
Planned giving:
Gift Aid donations 136,691 - - - 136,691 136,650 - - - 136,650
Income tax recovered 4.a 35,462 - - - 35,462 35,187 - - - 35,187
- - - - - -
Other planned giving 11,588 11,588 10,766 10,766
Collections 3,292 - - - 3,292 860 - - - 860
Text Giving - - - - - 216 - - - 216
Web Giving 947 - - - 947 1,675 - - - 1,675
Grants 4.b - - 2,636 - 2,636 - - - - -
Donations, appeals, etc 4.c - - 1,303 - 1,303 - - 1,395 - 1,395
Legacies and bequests 4.d - 1,000 - - 1,000 - 1,000 - - 1,000
- - - - - -
Sundry donations 6,289 6,289 3,611 3,611
2.a TOTAL 194,269 1,000 3,939 - 199,208 188,965 1,000 1,395 - 191,360
2.b Activities for generating funds
- - - - - -
Car park 11,400 11,400 10,525 10,525
Fund raising events & activities - - 1,507 - 1,507 - - - - -
2.b TOTAL 11,400 - 1,507 - 12,907 10,525 - - - 10,525
Fund Raising is all for the Window appeal - for double glazing and protection of the stained glass.
2.c Income from investments
Dividends 8,991 1,269 2,041 - 12,301 5,683 2,265 1,994 - 9,942
Interest 26 88 48 - 162 122 28 1 - 151
Home from Home rental income 4,210 - - - 4,210 4,200 - - - 4,200
2.c TOTAL 13,227 1,357 2,089 - 16,673 10,005 2,293 1,995 - 14,293
2.d Church activities
Church and room hire 10,639 - - - 10,639 3,776 - - - 3,776
PV (solar) Panel - Feed in Tariff income 5.e 2,812 - - - 2,812 3,116 - - - 3,116
Parish Weekend Income 5.j - - 1,990 - 1,990 - - 185 - 185
- - - - - -
Fees for weddings and funerals 2,640 2,640 1,639 1,639
Magazines and sundry publications 324 - - - 324 30 - - - 30
Bookstall 17 - - - 17 - - - - -
2.d TOTAL 16,432 - 1,990 - 18,422 8,561 - 185 - 8,746
- -
Total Incoming Resources 235,328 2,357 9,525 247,210 218,056 3,293 3,575 224,924
**----- End of picture text -----**
Page 12 of 30 ## **Sheffield St. Mark Broomhill** ## **Final V3.1** ## **Notes to the financial statements** |**Sheffield St. Mark Broomhill**
**Notes to the financial statements**|||||**Fin**|**al V3.1**| |---|---|---|---|---|---|---| |**For the year ended 31 December 2022**
**Unrestricted Funds**
**General**
**Designated**
**Note**
**£**
**£**
**3**
**Expenditure**
3.a
_Church Activities_
Outreach
5.a
**22,094**
**-**
Diocese
5.b
**88,913**
**-**
Staff costs
5.c
**53,709**
**5,924**
Clergy costs
5.d
**27,885**
**-**
Bills
5.e
**18,493**
**-**
Running costs
5.f
**25,032**
**2,376**
Other ministry
5.g
**1,475**
**400**
Sundries
5.h
**4,199**
**24,868**
3.a
TOTAL
**241,800**
**33,568**
3(b) _Raising funds_
Cost of fund raising events
**-**
**-**
**Total Resources Expended**
**241,800**
**33,568**||**2022**|**Total Funds**
**2022**
**£**
**23,397**
**88,913**
**59,633**
**27,885**
**18,493**
**29,496**
**2,572**
**38,101**
**288,490**
**-**
**288,490**||2021|| |||**Restricted Endowment**
**Funds**
**Funds**
**£**
**£**
**1,303**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**2,088**
**-**
**697**
**-**
**9,034**
**-**
**13,122**
**-**
**-**
**-**
**13,122**
**-**||Unrestricted Funds
General
Designated
£
£
22,439
-
88,913
-
51,698
5,567
14,186
-
16,229
-
16,248
-
525
2,184
3,550
25,388
213,788
33,139
-
-
213,788
33,139|Restricted
Endowment
Funds
Funds
£
£
1,395
-
-
-
-
-
-
-
-
-
-
-
63
-
10,049
-
11,507
-
-
-
11,507
-|Total Funds
2021
£
23,834
88,913
57,265
14,186
16,229
16,248
2,772
38,987
258,434
-
258,434| Page 13 of 30 **Final V3.1** **Sheffield St. Mark Broomhill** ## **Notes to the financial statements** **----- Start of picture text -----**
For the year ended 31 December 2022 2022 2021
Unrestricted Funds Restricted Endowment Total Funds Unrestricted Funds Restricted Endowment Total Funds
General Designated Funds Funds 2022 General Designated Funds Funds 2021
Note £ £ £ £ £ £ £ £ £ £
4 Analysis of Incoming Resources
4.a Tax recovered
Income tax recovered 35,462 - - - 35,462 35,187 - - - 35,187
4.a TOTAL 35,462 - - - 35,462 35,187 - - - 35,187
4.b Grants
Grants received - - 2,636 - 2,636 - - - - -
4.b TOTAL - - 2,636 - 2,636 - - - - -
In 2022 we received grants to a value of £2,636 as part of the Listed Places of Worship scheme that refunds the value of VAT on repairs to the building.
A grant of £750 was received in 2013 from Waitrose towards the costs of hosting Christmas Lunches. £162 was utilised in 2013 with £100 in 2014, £175 in 2016 and £137 in 2017. This was unused in 2018,
2019, 2020 and 2021, the unused balance of £176 has been carried forward to 2022 (as part of Grants Received in Advance shown in note 7(e)).
4.c Donations, appeals etc
- - - - - -
Special Collections 1,303 1,303 1,395 1,395
- - - - - - - - - -
Specific donations and appeals
4.c TOTAL - - 1,303 - 1,303 - - 1,395 - 1,395
Special collections relate to specific collections for Home and International causes (see note 5(a)).
4.d Legacies and bequests
- - - - - - - -
From the late Susan Murray 1,000 1,000
From the late Carol Walter - - - - - - 1,000 - - 1,000
- - - - - - - - - -
- - - - - - - - - -
4.d TOTAL - 1,000 - - 1,000 - 1,000 - - 1,000
Bequests 1,000 1,000
Notes: All the above bequests are unconditional. Unused funds have been placed in the Designated General Reserve deposit account subject to the PCC determining how the funds should be utilised. The funds
that have been used are detailed in note 9.a
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Page 14 of 30 **Final V3.1** ## **Sheffield St. Mark Broomhill** ## **Notes to the financial statements** **----- Start of picture text -----**
For the year ended 31 December 2022 2022 2021
Unrestricted Funds Restricted Endowment Total Funds Unrestricted Funds Restricted Endowment Total Funds
General Designated Funds Funds 2022 General Designated Funds Funds 2021
Note £ £ £ £ £ £ £ £ £ £
5 Analysis of Resources Expended
5.a Outreach
International Donation Details
Bwindi 1,100 - - - 1,100 1,122 - - - 1,122
Care4Calais 1,100 - - - 1,100 1,122 - - - 1,122
Christian Aid - General 1,100 - 72 - 1,172 1,122 - - - 1,122
- - - - - -
Global Justice Sheffield (local) 1,100 1,100 1,122 1,122
- - - - - -
Literacy for Life 1,100 1,100 1,122 1,122
Omid 1,100 - - - 1,100 1,122 - - - 1,122
Phase 1,100 - - - 1,100 1,122 - - - 1,122
- - - - - -
Practical Action (Intermediate Technology Group) 1,100 1,100 1,122 1,122
Succol 1,100 - - - 1,100 1,122 - - - 1,122
USPG 1,100 - - - 1,100 1,122 - - - 1,122
- - - - -
- - - - -
- - - - - - - -
Allocated total 11,000 - 72 - 11,072 11,220 - - - 11,220
DEC Ukraine appeal 277 277 - - - - -
Families relief 157 157 - - - - -
Red Cross - Pakistan floods 55 55 - - - - -
Christian Aid - - 14 - 14 - - 460 - 460
DEC - Afghanistan appeal - - - - - - - 115 - 115
- - - - - - - - - -
TOTAL 11,000 - 575 - 11,575 11,220 - 575 - 11,795
International donations 11,000 - 11,220 0
Notes: Restricted Fund donations of £575 (2021 £575) are all from the proceeds of special collections (see note 4(c)) and were paid immediately to the charities in question.
General Fund donations of £11,000 (2021 £11,220) have been allocated on recommendation of the International Donations Committee and approved by the PCC.
Restricted donations exclude donation made by members of the congregation directly to the charities when an appeal was made.
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Page 15 of 30 **Final V3.1** **Sheffield St. Mark Broomhill** ## **Notes to the financial statements** **----- Start of picture text -----**
For the year ended 31 December 2022 2022 2021
Unrestricted Funds Restricted Endowment Total Funds Unrestricted Funds Restricted Endowment Total Funds
General Designated Funds Funds 2022 General Designated Funds Funds 2021
Note £ £ £ £ £ £ £ £ £ £
Home donation Details
Citizens Advice Sheffield 1,975 - - - 1,975 1,000 - - - 1,000
S2 Food bank 1,500 - - - 1,500 500 - - - 500
- - -
South Yorkshire Refugee Law and Justice 1,500 1,500
Bens centre 1,000 - 72 - 1,072 1,000 - - - 1,000
- - - - - -
Broomhall Girls Youth Group 1,000 1,000 1,000 1,000
- - - - - -
Hardship Fund Of Sheffield Carers Centre 1,000 1,000 1,000 1,000
SCCCC 1,000 - - - 1,000 1,000 - - - 1,000
Food works 1,000 - - - 1,000
Broomhall Centre 500 - - - 500 500 - - - 500
S6 Food Bank 500 - - - 500 500 - - - 500
Church Action on Poverty Sheffield (annual sub) 25 - 149 - 174 25 (annual sub) - - 25
YWHP - - - - - 1,000 - - - 1,000
Assist - - - - - 1,000 - - - 1,000
- - - - - - - -
Cathedral Archer Project 1,000 1,000
- - - - - - - -
Open Kitchen social club 1,000 1,000
Sheffield Mind - - - - - 695 - - - 695
- - - - - - - -
Allocated total 11,000 - 221 - 11,221 11,220 - - - 11,220
Archer project - - 347 - 347 - - - - -
Trussell Trust - - 86 - 86 - - - - -
Children's Society - - 54 - 54 - - 29 - 29
One Body One Faith - - 20 - 20 - - -
Curate's leaving gift - - - - - - - 649 - 649
DECSY - - - - - - - 142 - 142
- - - - - - - - - -
TOTAL 11,000 - 728 - 11,728 11,220 - 820 - 12,040
Home donations 11,000 - 11,220 -
Notes: Restricted Fund donations of £728 (2021 £820) are all from the proceeds of special collections (see note 4(c)) and were paid immediately to the charities in question.
General Fund donations of £11,000 (2021 £11,220) have been allocated on recommendation of the Home Donations Committee and approved by the PCC.
Restricted donations exclude donation made by members of the congregation directly to the charities when an appeal was made.
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Page 16 of 30 **Final V3.1** ## **Sheffield St. Mark Broomhill** ## **Notes to the financial statements** **----- Start of picture text -----**
For the year ended 31 December 2022 2022 2021
Unrestricted Funds Restricted Endowment Total Funds Unrestricted Funds Restricted Endowment Total Funds
General Designated Funds Funds 2022 General Designated Funds Funds 2021
Note £ £ £ £ £ £ £ £ £ £
International Donations total 11,000 - 575 - 11,575 11,220 - 575 - 11,795
Home Donations total 11,000 - 728 - 11,728 11,219 - 820 - 12,039
Soup Run expenses (net of donations) 94 - - - 94 - - - - -
5.a TOTAL 22,094 - 1,303 - 23,397 22,439 - 1,395 - 23,834
Notes:
5.b Diocese
Diocesan Common Fund 88,913 - - - 88,913 88,913 - - - 88,913
5.b TOTAL 88,913 - - - 88,913 88,913 - - - 88,913
Notes: Of the payments to the Diocese £70,000 is to cover the costs of one member of staff. The other £18,913 is to assist other parishes in the diocese.
5.c Wages and salaries (including employer's National Insurance Contributions ("NIC") and expenses)
- - - - - -
Family Worker 15,709 15,709 16,990 16,990
Administrator costs 15,903 - - - 15,903 13,015 - - - 13,015
Director of Music 8,184 5,924 - - 14,108 8,113 5,567 - - 13,680
Caretaker 7,344 - - - 7,344 6,838 - - - 6,838
Cleaner costs 6,569 - - - 6,569 6,742 - - - 6,742
5.c TOTAL 53,709 5,924 - - 59,633 51,698 5,567 - - 57,265
Notes: Cleaning costs include the salaries of two part-time employed cleaners, Mr Tim Moore and Mr John Whitmill.
Cleaning materials and supplies are detailed under Cleaning in section 5.f below.
Caretaking costs are reduced when Tim acts as veger/caretaker during weddings or funerals and the costs for his time are recovered through fees.
The Director of Music is funded both from the general fund with additional funding for 5 years from 2018 from recent legacies. The legacy funding shows in the Designated column.
All the emoluments for each employee are shown above and also included are £nil (2021 £nil) Employer's NIC payments (after Employer's NIC allowances), £680 (2021 £666) Employer's Pension Contributions
and £nil (2021 £nil) paid in expenses.
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Page 17 of 30 **Final V3.1** ## **Sheffield St. Mark Broomhill** ## **Notes to the financial statements** **----- Start of picture text -----**
For the year ended 31 December 2022 2022 2021
Unrestricted Funds Restricted Endowment Total Funds Unrestricted Funds Restricted Endowment Total Funds
General Designated Funds Funds 2022 General Designated Funds Funds 2021
Note £ £ £ £ £ £ £ £ £ £
5.d Clergy Costs
- - - - - -
Liberal Theologian's stipend, pension & NIC 15,066 15,066 6,674 6,674
- - - - - -
Liberal Theologian's house rent 5,000 5,000 2,574 2,574
Liberal Theologian's expenses 678 - - - 678 2,513 - - - 2,513
- - - - - - - -
Liberal Theologian's council tax 2,510 2,510
- - - - - -
Vicars Expenses 2,491 2,491 1,207 1,207
Vicarage water charges 772 - - - 772 759 - - - 759
Assistant Priest's expenses 341 - - - 341 239 - - - 239
Curate water charges - - - - - 171 - - - 171
Liberal Theologian's House utilities and alarm maintenan 800 - - - 800 49 - - - 49
Visiting clergy and speakers 227 - - - 227 - - - - -
5.d TOTAL 27,885 - - - 27,885 14,186 - - - 14,186
Notes: Stipend costs increased as Beth Keith was in post all year.
5.e Bills
- - - - - -
Electricity charges 9,679 9,679 7,960 7,960
Insurance 5,395 - - - 5,395 5,302 - - - 5,302
- - - - - -
Telephones & Broadband 1,456 1,456 1,397 1,397
Gas charges 1,298 - - - 1,298 796 - - - 796
Water and sewage charges 318 - - - 318 506 - - - 506
Waste collection 347 - - - 347 268 - - - 268
5.e TOTAL 18,493 - - - 18,493 16,229 - - - 16,229
Notes: PV (Solar) panels have been fully operational on the Church roof since 2012. In 2022 Feed in Tariff income of £2,812 (2021 £3,116) was received from surplus electricity generated by the panels (see
note 2(d)). This income helps to offset the annual electricity charges. This figure is the cost before this offset.
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Page 18 of 30 **Final V3.1** **Sheffield St. Mark Broomhill** ## **Notes to the financial statements** **----- Start of picture text -----**
For the year ended 31 December 2022 2022 2021
Unrestricted Funds Restricted Endowment Total Funds Unrestricted Funds Restricted Endowment Total Funds
General Designated Funds Funds 2022 General Designated Funds Funds 2021
Note £ £ £ £ £ £ £ £ £ £
5.f Running Costs
- - - - -
Church repairs and maintenance 14,038 2,088 16,126 5,633 5,633
Grounds 1,234 2,376 - - 3,610 2,714 - - - 2,714
- - - - - -
IT Support 1,380 1,380 1,530 1,530
Post & Printing 944 - - - 944 907 - - - 907
Copier Lease Costs 919 - - - 919 889 - - - 889
Lift maintenance 720 - - - 720 706 - - - 706
Printing Licences 787 - - - 787 666 - - - 666
Sanctuary expenses 793 - - - 793 479 - - - 479
Organist fees 950 - - - 950 400 - - - 400
Organ and piano maintenance 779 - - - 779 375 - - - 375
Fire Alarm maintenance 361 - - - 361 346 - - - 346
Fire Extinguisher maintenance 314 - - - 314 307 - - - 307
Music expenses and RSCM subscription 110 - - - 110 289 - - - 289
Home from Home expenses 226 - - - 226 274 - - - 274
Cleaning 713 - - - 713 237 - - - 237
Burglar Alarm maintenance 551 - - - 551 179 - - - 179
PAT Testing 179 - - - 179 160 - - - 160
Boiler maintenance - - - - - 110 - - - 110
Library books 34 - - - 34 47 - - - 47
- - - - - - - - - -
Bookstall expenditure
5.f TOTAL 25,032 2,376 2,088 - 29,496 16,248 - - - 16,248
Notes: The grounds Designated spend is for maintenance of the trees on the church green and was paid from Legacy funds.
The Restricted spend on Repairs and Maintenance is the VAT on work covered by the Listed Places of Worship scheme. The recovered VAT is shown in the Grants sectrion.
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Page 19 of 30 **Final V3.1** ## **Sheffield St. Mark Broomhill** ## **Notes to the financial statements** **----- Start of picture text -----**
For the year ended 31 December 2022 2022 2021
Unrestricted Funds Restricted Endowment Total Funds Unrestricted Funds Restricted Endowment Total Funds
General Designated Funds Funds 2022 General Designated Funds Funds 2021
Note £ £ £ £ £ £ £ £ £ £
5.g Other ministry
Grants (Expenditure) - 400 686 - 1,086 - 2,184 - - 2,184
Children and youth work 1,109 - - - 1,109 525 - - - 525
Assistance from Social Fund - - 11 - 11 - - 63 - 63
- - - - - - - - - -
Pastoral expenses
Lay Training fees and expenses 286 - - - 286 - - - - -
- - - - - - - - - -
Student & Young Peoples Work
Trips and Events 80 - - - 80 - - - - -
- - - - - - - - - -
Vicar's Discretionary Fund
5.g TOTAL 1,475 400 697 - 2,572 525 2,184 63 - 2,772
Notes: Grants were made from the Mainland/Stamper Bursary funds, The Hospitality fund and the Social fund.
One grants with a total value of £400 was made from the Mainland Bursary Fund to Siobhan Hayes towards the cost of a ministry course.
One grant from the Hospitality fund of £200 was for membership of Inclusive Church
One grant of £486 was made from the Social fund during the year.
5.h Sundries
Depreciation on building and organ 1,816 22,893 6,963 - 31,672 856 24,500 6,963 - 32,319
CRC Online expenses - 1,975 - - 1,975 - 888 2,722 - 3,610
Sundry Expenses 5.i 2,383 - 68 - 2,451 2,267 - - - 2,267
Special Expenditure - - - - - 427 - 364 - 791
- - - - - - - - - -
Legacy expenditure
- - - - - - - -
Parish Weekend Expenditure 5.j 2,003 2,003
5.h TOTAL 4,199 24,868 9,034 - 38,101 3,550 25,388 10,049 - 38,987
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Page 20 of 30 **Final V3.1** ## **Sheffield St. Mark Broomhill** ## **Notes to the financial statements** **----- Start of picture text -----**
For the year ended 31 December 2022 2022 2021
Unrestricted Funds Restricted Endowment Total Funds Unrestricted Funds Restricted Endowment Total Funds
General Designated Funds Funds 2022 General Designated Funds Funds 2021
Note £ £ £ £ £ £ £ £ £ £
5.i Sundry Expenses - breakdown
Auditor/Independent Examiner's Fee 931 - - - 931 895 - - - 895
Payroll Bureau Charges 529 - - - 529 526 - - - 526
Gifts and Presentations 100 - - - 100 348 - - - 348
Accounting package charges 287 - - - 287 287 - - - 287
Other Sundries 95 - - - 95 92 - - - 92
Refreshments 267 - 68 - 335 72 - - - 72
Church Flowers 40 - - - 40 40 - - - 40
Bank charges 101 - - - 101 7 - - - 7
Card Fees 33 - - - 33 - - - - -
- - - - - - - - - -
Performing Rights Society Fees
5.i TOTAL 2,383 - 68 - 2,451 2,267 - - - 2,267
Notes:
CRC Online expenses:
These expenses are for the maintenance the CRC website.
The Refreshemnts from Restricted fund is a donation from the Hospitality fund towards the 30th Anniversary of the lunch club
5.j Church Conference/Parish Weekend Receipts and Payments Summary
Receipts
Parish Weekend Income - - 1,990 - 1,990 - - 185 - 185
- - 1,990 - 1,990 - - 185 - 185
Payments
- - - - - - - -
Initial deposit
- - - - - -
Parish Weekend Expenditure 2,003 2,003
- - - - - - - -
Total net expenditure 2,003 2,003
Net (deficit)/surplus to General Fund - - (13) - (13) - - 185 - 185
Notes: The income above is donations towards the 2022 Parish Weekend which was held "At Home"
The surplus of £1,650 is carried forwards made up from £1,663 from the previous weekend less the £13 deficit above.
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Page 21 of 30 **Final V3.1** ## **Sheffield St. Mark Broomhill** **----- Start of picture text -----**
Notes to the financial statements
2022 2021
For the year ended 31 December 2022
Unrestricted Funds Restricted Endowment Total Funds Unrestricted Funds Restricted Endowment Total Funds
General Designated Funds Funds 2022 General Designated Funds Funds 2021
7 Analysis of Net Assets by Fund £ £ £ £ £ £ £ £ £ £
7.a Tangible Fixed Assets
Analysis of Net Book Value by Fund at 31 December 2022 (2021)
Building, Property and Organ Improvements 1,831 69,337 98,251 - 169,419 1,925 81,725 104,232 - 187,882
- - - - - - - - - -
Major redecoration
Fixtures, Fittings and Equipment 3,143 6,425 - - 9,568 1,030 13,875 983 - 15,888
Total Net Book Value by Fund 4,974 75,762 98,251 - 178,987 2,955 95,600 105,215 - 203,770
Analysis by asset type Building, Property, Major Fixtures, Fittings Totals Significant assets
Organ Improvements Redecoration and Equipment £
£ £ £ £ Building, Property and Organ Improvements
Actual/Deemed Cost At 1 January 2022 462,344 24,185 125,191 611,720 2002 244,650 Major work in upper room
Additions in year: 2004 12,512 Car park upgrade
Building, Property and Organ Improvements - 2008 9,353 Tower Louvers
- - - - 2009 14,094 South steps railings
- - - - 7,130 Electrical wiring
Major redecoration 2011 32,205 PV Panels
None - - - - 2011/2 11,144 Underfloor heating
Fixtures, Fittings and Equipment 2012 2,176 Loft insulation
Bench for memorial garden General - - 547 547 2013 1,512 Spire/tower renovations
Upper room LED lighting General - - 3,288 3,288 1,367 Wiring upgrade
- - - - 2014/5 115,651 Organ refurbishment
Disposals 2018 76,932 Social house investment
None - - - -
Total additions in year - - 3,835 3,835 Fixtures, Fittings & Equipment
total disposals in year - - 2020 21,981 New AV system for church
At 31 December 2022 462,344 24,185 129,026 615,555
Depreciation At 1 January 2022 274,462 24,185 109,303 407,950 Major Redecorations
Charge for the year 18,463 - 10,155 28,618 2003 24,185 Asbestos stabilisation
- - - -
eliminated on disposals
At 31 December 2022 292,925 24,185 119,458 436,568
Net Book Value At 31 December 2022 169,419 - 9,568 178,987
At 31 December 2021 187,882 - 15,888 203,770
**----- End of picture text -----**
Page 22 of 30 **Final V3.1** **Sheffield St. Mark Broomhill** **----- Start of picture text -----**
Notes to the financial statements
2022 2021
For the year ended 31 December 2022
Unrestricted Funds Restricted Endowment Total Funds Unrestricted Funds Restricted Endowment Total Funds
General Designated Funds Funds 2022 General Designated Funds Funds 2021
7 Analysis of Net Assets by Fund £ £ £ £ £ £ £ £ £ £
7.b Social House investment
Analysis of Net Book Value by Fund at 31 December 2022 (2021)
Social Investment - 61,152 - - 61,152 - 64,207 - - 64,207
Total Net Book Value by Fund - 61,152 - - 61,152 - 64,207 - - 64,207
Analysis by asset type Social Investment Totals
£ £ £ £
Actual/Deemed Cost At 1 January 2022 76,440 - 76,440
Additions in year:
None - - - -
Disposals
None - - - -
- - - -
Total additions in year
- - -
Total disposals in year
At 31 December 2022 76,440 - - 76,440
Depreciation At 1 January 2022 12,233 - - 12,233
Charge for the year 3,055 - 3,055
- -
eliminated on disposals
At 31 December 2022 15,288 - - 15,288
Net Book Value At 31 December 2022 61,152 - - 61,152
At 31 December 2021 64,207 - - 64,207
**----- End of picture text -----**
In accordance with the Accounting Policies (see page 3), all major expenditure on fixed assets from 1 January 2001 has been capitalised and depreciated annually on a straight line basis (over 25 years for building and Organ improvements and social hoousing investments, 10 years for major redecorations and 4 years for fixtures, fittings and equipment). Page 23 of 30 **Final V3.1** ## **Sheffield St. Mark Broomhill** |**Sheffield St. Mark Broomhill**||||||**Fin**|**al V3.1**| |---|---|---|---|---|---|---|---| |**Notes to the financial statements**
**For the year ended 31 December 2022**
**Unrestricted Funds**
**7**
**Analysis of Net Assets by Fund (continued)**
**General**
**Designated**
**Note**
**£**
**£**
7.a
**Tangible Fixed Assets**
**4,974**
**75,762**
7.c
**Investments**
_Social Investments_
Social House Investment
**-**
**61,152**
**-**
**61,152**
_Parochial Church Council property_
8.c.i
ID1
General Investment
**-**
**197,676**
ID2
Mainland & Stamper Bursary Investment
**-**
**5,313**
ID3
Fabric Investment (Designated)
**-**
**23,491**
ID4
Fabric Investment (Restricted)
**-**
**-**
ID5
Berry Bequest Investment
**-**
**-**
ID6
Kelk Bequest Investment
**-**
**-**
**-**
**226,480**
_Trust funds administered by the PCC_
8.c.ii
ID7
Church Hall Charity Investment
**-**
**-**
ID8
Miss Thomas Bequest Investment
**-**
**-**
ID9
Friends of St Marks Investment
**-**
**-**
ID10
Elliott Bequest Investment
**-**
**-**
**-**
**-**
**Investments Total**
**-**
**287,632**
7.d
**Reserves**
_General reserves_
8.a
PCC current account
**35,606**
**(6,017)**
ID11
General Reserve deposit account
7.f
**-**
**68,266**
**35,606**
**62,249**
_Fabric reserves_
8.a & 8.b
ID12
Fabric Deposit (Designated)
**-**
**1,648**
ID13
Fabric Deposit (Restricted)
**-**
**-**
ID14
Sheffield Credit Union deposit account
**-**
**10,595**
ID15
Miss Thomas Bequest deposit account
**-**
**-**
**-**
**12,243**
_Other reserves and accounts_
8.b
ID16
Mainland & Stamper Bursary Deposit Account
**-**
**256**
ID17
CRC Online Susp Account
**-**
**1,804**
2018 Legacies
**-**
**-**
Youth Deposit account
**-**
**-**
Children and Young People deposit account
**-**
**-**
ID19
Hospitality Fund Deposit Account
**-**
**-**
ID20
Social Fund
**-**
**-**
**-**
**2,060**
**Reserves Total**
**35,606**
**76,552**
ID18||**2022**||**Total Funds**
**2022**
**£**
**178,987**
**61,152**
**61,152**
**197,676**
**5,313**
**23,491**
**34,640**
**13,502**
**2,003**
**276,625**
**66,766**
**32,249**
**16,475**
**6,338**
**121,828**
**459,605**
**23,265**
**68,266**
**91,531**
**1,648**
**2,430**
**10,595**
**2,150**
**16,823**
**256**
**1,804**
**-**
**1,289**
**500**
**1,363**
**1,031**
**6,243**
**114,597**||2021|| |||**Restricted**
**Funds**
**£**
**98,251**
**-**
**-**
**-**
**-**
**-**
**34,640**
**-**
**-**
**34,640**
**-**
**-**
**-**
**-**
**-**
**34,640**
**(6,324)**
**-**
**(6,324)**
**-**
**2,430**
**-**
**2,150**
**4,580**
**-**
**-**
**-**
**1,289**
**500**
**1,363**
**1,031**
**4,183**
**2,439**|**Endowment**
**Funds**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**13,502**
**2,003**
**15,505**
**66,766**
**32,249**
**16,475**
**6,338**
**121,828**
**137,333**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**||Unrestricted Funds
General
Designated
£
£
2,955
95,600
-
64,207
-
64,207
-
166,512
-
60,679
-
26,822
-
-
-
-
-
-
-
254,013
-
-
-
-
-
-
-
-
-
-
-
318,220
48,499
(6,867)
-
76,474
48,499
69,607
-
902
-
-
-
10,574
-
-
-
11,476
-
137
-
3,687
-
5,000
-
-
-
-
-
-
-
-
-
8,824
48,499
89,907|Restricted
Endowment
Funds
Funds
£
£
105,215
-
-
-
-
-
-
-
-
-
-
-
39,551
-
-
15,295
-
2,268
39,551
17,563
-
76,231
-
36,530
-
18,663
-
7,180
-
138,604
39,551
156,167
(10,636)
-
-
-
(10,636)
-
-
-
1,330
-
-
-
1,167
-
2,497
-
-
-
-
-
-
-
1,287
-
500
-
1,627
-
1,527
-
4,941
-
(3,198)
-|Total Funds
2021
£
203,770
64,207
64,207
166,512
60,679
26,822
39,551
15,295
2,268
311,127
76,231
36,530
18,663
7,180
138,604
513,938
30,996
76,474
107,470
902
1,330
10,574
1,167
13,973
137
3,687
5,000
1,287
500
1,627
1,527
13,765
135,208| Page 24 of 30 **Final V3.1** **Sheffield St. Mark Broomhill** |**Sheffield St. Mark Broomhill**||||||**Fin**|**al V3.1**| |---|---|---|---|---|---|---|---| |**Notes to the financial statements**
**For the year ended 31 December 2022**
**7**
**Analysis of Net Assets by Fund (continued)**
**Note**
**Debtors and prepayments**
PA1
Income tax recovery due at year end
PA2
PV Panel FIT income due at year end
PA3
Room hire outstanding
PA4
General Income debtors
SMP outstanding
7.e
**Accruals and deferred income**
PA5
Electricity and Gas owed at year end
PA6
Insurance claim received in advance
PA7
Expenditure Accruals
PA8
Grants received in advance
PA9
CRC Accruals
International donations owed at year end
Diocese
**Fund Balance**
7.f
**General reserve deposit account breakdown**
Legacy Reserve
General Reserve
Director of Music funding
Home from Home maintenance funding||**2022**||**Total Funds**
**2022**
**£**
**5,226**
**563**
**200**
**90**
**-**
**6,079**
**(2,733)**
**(2,270)**
**(825)**
**(470)**
**(90)**
**-**
**-**
**(6,388)**
**752,880**||2021|| ||**Unrestricted Funds**
**General**
**Designated**
**£**
**£**
**5,226**
**-**
**563**
**-**
**200**
**-**
**90**
**-**
**-**
**-**
**6,079**
**-**
**(2,733)**
**-**
**-**
**-**
**(825)**
**-**
**-**
**-**
**-**
**(90)**
**-**
**-**
**-**
**-**
**(3,558)**
**(90)**
**43,101**
**439,856**
**36,872**
**18,477**
**7,895**
**5,022**
**68,266**|**Restricted**
**Funds**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**(2,270)**
**-**
**(470)**
**-**
**-**
**-**
**(2,740)**
**132,590**|**Endowment**
**Funds**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**137,333**||Unrestricted Funds
General
Designated
£
£
3,595
-
223
-
428
-
-
-
528
-
4,774
-
(3,931)
-
-
-
(344)
-
-
-
-
(125)
(1,122)
-
(1,258)
-
(6,655)
(125)
49,573
503,602
37,201
20,451
13,807
5,015
-
76,474|Restricted
Endowment
Funds
Funds
£
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(470)
-
-
-
-
-
-
-
(470)
-
141,098
156,167|Total Funds
2021
£
3,595
223
428
-
528
4,774
(3,931)
-
(344)
(470)
(125)
(1,122)
(1,258)
(7,250)
850,440| Page 25 of 30 ## **Sheffield St. Mark Broomhill** ## **Final V3.1** ## **Notes to the financial statements** **For the year ended 31 December 2022** ## **8 Fund details** ## **8.a Unrestricted Funds** The General Fund is used to pay all the everyday expenses of the church. This fund is “unrestricted” because the money has been given to the church on the general understanding that it will be used at the discretion of the PCC for furthering the mission and ministry of the church. Unless specified otherwise, all the money received by the church is first put into the General Fund. The PCC may decide to put some of the General Fund money aside in deposit accounts for use in the future (for example, for building repairs). This money is “designated” for administration purposes only. Such funds are still unrestricted and can be moved to other funds if the PCC so decides. The PCC currently has “designated” deposit accounts for general and fabric purposes. **Mainland Bursary Fund for development of young people** Property: 1,070 shares in The CBF Church of England Investment Fund Purchased: 31-Aug-89 Original cost: £6,000 **Market value 31/12/2022 £ 5,313** 2021 £ 60,679 At the January 2020 PCC meeting it was agreed that in the absence of any documentary or anecdotal evidence to the contrary that the Mainland Bursary funds are more correctly recorded as Designated funds rather than Endowment funds. They have therefore been moved as at 31Dec2019 from Endowment to Designated. **Fabric Investment (Designated)** Property: 8583.73 units in the COIF Charities Ethical Investment Fund Purchased: 10-Sep-20 Original cost: £23,076 **Market value 31/12/2022 £ 23,491** 2021 £ 26,822 At the January 2020 PCC meeting it was agreed that in the absence of any documentary or anecdotal evidence to the contrary that the Mainland Bursary funds are more correctly recorded as Designated funds rather than Endowment funds. They have therefore been moved as at 31Dec2019 from Endowment to Designated. This account was created by merging several small designated fabric deposit accounts. Therefore the income from the above investment should be used for Fabric purposes. The dividends from this accounts is paid to a dedicated CCLA Fabric (Designated) deposit account. ## **8.b Restricted Funds** These are funds that are subject to some particular restriction on the way they may be spent or applied. The money received is restricted either by the donor or by the terms of an appeal for a particular purpose such as a special collection for overseas aid or for a major repair. The PCC has several deposit accounts that are “restricted” in their use for either fabric or other specified purposes. **Fabric Investment (Restricted)** Property: 12657.65 units in the COIF Charities Ethical Investment Fund Purchased: 10-Sep-20 Original cost: £34,028 **Market value 31/12/2022 £ 34,640** 2021 £ 39,551 This account was created by merging several small restricted fabric deposit accounts. Therefore the income from the above investment fund can only be used for Fabric purposes. The dividends from this account is paid to a dedicated CCLA Fabric (Restricted) deposit account. Page 26 of 30 ## **8.c Endowment Funds** These are another form of restricted funds and represent money that has been given to the church with the specific instruction that only the interest or dividends earned by the investment can be spent. The original money (or “capital”) cannot normally be spent and must remain in the form of investments. ## 8.c.i _Parochial Church Council Property_ The PCC may hold property “for any ecclesiastical purpose affecting the parish or any part thereof” and for certain educational purposes (PCC (Powers) Measure 1956, Section 5). “Ecclesiastical purposes” will include any purpose furthering the work of the Church of England in the parish. The capital sums and income derived there from can only be used for these purposes. _Held in the name of the Vicar and Church Wardens, administered by the PCC_ |**Miss Berry Bequest for general purposes**|||||| |---|---|---|---|---|---| |Property:|654 shares in The CBF Church of England Investment Fund||||| |Purchased:|28-Feb-69||||| |Original cost:|£730|**Market value**|**31/12/2022**|**£ 13,502**|2021 £ 15,295| ||||||| |**Kelk Bequest for general purposes**|||||| |Property:|97 shares in The CBF Church of England Investment Fund||||| |Purchased:|31-Aug-82||||| |Original cost:|£200|**Market value**|**31/12/2022**|**£ 2,003**|2021 £ 2,268| ## 8.c.ii _Trust Funds administered by the Parochial Church Council_ These funds comprise a charity administered under a scheme made by the Charity commissioners, two bequests and a donation involving permanent trusts restricting the use of the capital that is held by the Diocesan Board of Finance. |**The St Mark’s Church Hall Charity**|||||| |---|---|---|---|---|---| |Property:|106.68 shares in CCLA - COIF Charities Ethical Investment||Fund||| |(Original Purchase:|12,277 shares|31-Mar-93|Original|cost:|£19,189)| |Dividends reinvested in year to purchase|825 shares|at a cost of||£1,357|| |**Market value**|**31/12/2022**|**£ 66,766**||2021|£ 76,231| The above investment originates from the sale of the former church hall in Ashgate Road, Broomhill, in March 1971. The PCC are managing trustees, the Diocesan Board of Finance custodian trustees. The clear income from the charity is to be applied to further the “religious and other charitable work of the Church of England” in the ecclesiastical parish of St Mark, Broomhill. The charity property may also be used for land and building required for that work. By an order dated 14 January 2014, the Charity Commissioners authorised expenditure of £34,000 from the Charity’s permanent endowment for the purpose of restoration and refurbishment of the Church organ under the condition that the sum be repaid over 30 years at a minimum of £1,133 per annum. In addition, the PCC authorised the expenditure of £16,000 from the Charity’s accumulated income for the same purpose. Accordingly, in January 2014 the Diocesan Board of Finance realised 32,041 of the Charity’s shares to the value of £50,000 and this sum was paid into the Organ Restoration Appeal Fund on 3 February 2014. This loan was repaid in 2020 so that income can return to being for general use as specified above. Page 27 of 30 **Miss Thomas Bequest for church repairs** Property: 1562 shares in The CBF Church of England Investment Fund Purchased: 30-Nov-61 Original cost: £1,132 **Market value 31/12/2022 £ 32,249** 2021 £ 36,530 **Friends of St Mark’s Investment Account for fabric repair purposes only** Property: 798 shares in The CBF Church of England Investment Fund Purchased: 31-Oct-82 Original cost: £1,750 **Market value 31/12/2022 £ 16,475** 2021 £ 18,663 The income from the above two investment funds can only be used for church repairs. During 2020 new fabric deposit accounts were opened with CCLA. The dividends from these accounts are now paid to the new fabric deposit account. **Elliott Bequest for parochial and charitable purposes** Property: 307 shares in The CBF Church of England Investment Fund Purchased: 31-Aug-66 Original cost: £220 **Market value 31/12/2022 £ 6,338** 2021 £ 7,180 The property of the above mentioned investment can only be used for the purposes mentioned. Therefore the dividends are paid directly to the main church bank account for general use. Page 28 of 30 ## **Sheffield St. Mark Broomhill** ## **Final V3.1** ## **Notes to the financial statements** |**Sheffield St. Mark Broomhill**
**Notes to the financial statements**|||||**Fin**|**al V3.1**| |---|---|---|---|---|---|---| |**For the year ended 31 December 2022**
**9**
**Allocation of Legacy funding**
9(a)_Legacy projects_
Tree work on green
Video camera in worship area
Family worker - 3 years from 2019||**2022**|**Total Funds**
**2022**
**£**
**2,376**
**-**
**-**
**-**
**-**
**-**
**-**
**2,376**||2021|| ||**Unrestricted Funds**
**General**
**Designated**
**£**
**£**
**-**
**2,376**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**2,376**|**Restricted**
**Endowment**
**Funds**
**Funds**
**£**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**||Unrestricted Funds
General
Designated
£
£
-
-
-
1,860
-
(24,682)
-
-
-
-
-
-
-
-
-
(22,822)|Restricted
Endowment
Funds
Funds
£
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|Total Funds
2021
£
-
1,860
(24,682)
-
-
-
-
(22,822)| ## This is a description of the allocation of funds during 2022. The funds used in 2022 are detailed in the expenditure section of the accounts above.The negative value for the Family Worker is due to a decision to start to pay the family worker from General funds. This allowed the funding allocated from the legacy pot to be returned ready for alloation to a different project. ## **Statement of responsibilities of the members of the Parochial Church Council ("PCC")** The Church Accounting Regulations 2006 and the Charities Act 2011 require the members of the PCC to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the PCC and of the incoming resources and application of resources in the year then ended. In preparing those financial statements, the members of the PCC are required to: - select suitable accounting policies and then apply them consistently; - make judgements and estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the PCC will continue in operation. The members of the PCC are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the PCC and which enable them to ascertain the financial position of the PCC and which enable them to ensure that the financial statements comply with the Church Accounting Regulations 2006 and the Charities Act 2011. They are also responsible for safeguarding the assets of the PCC and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities Page 29 of 30 Page 30 of 30 Rcport from Indcpcndcnt Exarniners INDF.PEYDENT E￿4￿lINER's RKPORTTO THE IqEIIBERS OF THE PAROCHIAL CHURCH C()TINC.II. OF THE ECCLESIASTICAL PARISH OF ST f*lARK'S CHURCH BKIX)MHILL SETEFFIELD I report on the aceounts ofihe par￿h181 Church co￿￿11 forth¢ytueDded 31 t*anber2022 set out on pages 9t0 29. R¥*pe¢tivo ruEwTriibilitiM of Plrncbisl eburcb Coullell *ttd ￿*Thin¢T Ihe Members of ih¢ Par0th￿l Chur¢h C(wts¢41 at¢ ye¥￿Ible th¢prcpat*th of th¢*xow)tsiD accordon with the ttquirem¢ntsof ihe CharitiC5 A¢12011 I'thr Act.). I Tewrt In r¢5p¢d of my CXa￿l￿ati0rt of th¢ Charity's accounts c4rricd (￿1 wvJerse¢¢ion 145 of1kA￿ and in ctrryin8 Out my eX￿nIN￿li0￿ I hav¢ follow¢dail th¢ wli¢abie Dire1%￿$ by the Chltily IinAvr ivrtinn 148(SXhl nf tkn AO Indeppwdeni euthltttr'i ￿lleMent I hav¢ rompletsd my tmmination. I ¢onfJnD rn4trwiHJ maV¢ry hv¢ to rily Attention incorme with th¢ ¢XAminArion 8ivin8 me cause to believ¢ Ihar any M￿cTi#l rts￿.. a¢¢oknnting r¢eords were kerA in respcu of thc Churity*5 byseaion IJOofthB Ac4. or thé Aceounis do not aceord with ihose r¢¢ords', or 3. thi¢ Iwl i￿lIVIj willi Ilir avvliubk ItyUsl¢iiloits￿nlltrnITrstht fonn and Gontcn¢ of4¢<