## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WITHYCOMBE RALEIGH**
**A C C O U N T S**
**FOR THE YEAR ENDED**
**31 DECEMBER 2022**
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WITHYCOMBE RALEIGH**
|CONTENTS|Page|
|---|---|
|Independent Examiners Report|1.|
|Churchwardens’ Report|2. - 3.|
|Statement of Financial Activities|4.|
|Balance Sheet|5.|
|Notes to the Financial Statements|6. - 13.|
Charity No. 1128842
## **INDEPENDENT EXAMINER’S REPORT TO**
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WITHYCOMBE RALEIGH**
I report on the accounts of the Parochial Church Council of the Ecclesiastical Parish of Withycombe Raleigh for the year ended 31 December 2022.
## **Respective responsibilities of trustees and examiner**
The charity’s trustees are responsible for the preparation of the accounts. 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:
- examine the accounts under section 145 of the 2011 Act;
- 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
- to state whether particular matters have come to my attention.
## **Basis of independent examiner’s statement**
My examination was carried out in accordance with General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the project and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
## **Independent examiner’s statement**
In connection with my examination, no matter has come to my attention
- 1) which gives me reasonable cause to believe that in any material respect the requirements
- to keep accounting records in accordance with section 130 of the 2011 Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or
- 2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
J E D Rippon Southon & Co Chartered Certified Accountants 6 The Parade EXMOUTH Devon EX8 1RL
1
## **Churchwardens’ Annual Report for 2022**
The Churchwardens are pleased to report the following:
Withycombe Raleigh PCC has responsibility for the three churches in the Parish and are situated as follows:
Parish Church of St John the Evangelist, Withycombe Village Road, Exmouth, Devon EX8 3AE. All Saints’, Exeter Road, Exmouth, Devon EX8 1RZ
St John in the Wilderness, St Johns Road, Exmouth, Devon EX8 5EG
The 3 churches are in the Aylesbeare Deanery in the Diocese of Exeter. The correspondence address is The Parish Office, Parish Church Hall, Withycombe Village Road, Exmouth, Devon EX8 3AE
The PCC is a body corporate (PCC Powers Measure 1956, and the Church Representation Rules 2022 statement (Charity excepted from registration with the Charity Commission, if appropriate).
## **Membership**
Members of the PCC are elected at the Annual Parochial Church Meeting, the clergy and readers are ex officio members.
During the year the following have served:-
Rector: Fr Robert Sellers Honorary Assistant Priest: Fr Robert Charles Church Wardens: Mrs Penny Stranack Treasurer: Mrs D McNeill Secretary: Mrs K Long Safeguarding Representative: Mrs A Longbottom Churchyard Administrator: Mrs Jane Harvey
## **St John the Evangelist**
Miss E Grant (Deputy Churchwarden) Mr H Ritchie (Deputy Churchwarden) Mr G Berridge (Churchwarden representative) Mrs A Longbottom (Deanery Synod) Mr P White (Diocesan & Deanery Synod)
## **St John in the Wilderness**
Mrs R Johnson (Deputy Churchwarden) Mr P Brooks (Deanery Synod)
Mr P Walker (Deputy Churchwarden)
## **All Saints**
Mrs P Stranack (Churchwarden & Deanery Synod) Mrs L Pearcey (Deputy Churchwarden) Mrs C Searle (Deputy Churchwarden)
2.
The Team Ministry of the Parish and Mission Community was formed within the historic Parish boundaries and over time has proved to be its strength as it continues to develop further its pastoral care and outreach within the Parish and wider community. Each church manages its day to day affairs through its own General Purposes Committee, reporting regularly to the Parochial Church Council which has overall responsibility for the management of the whole parish.
The total membership of the Electoral Roll in 2022 was 265 made up as follows:-
Parish Church of St John the Evangelist 92 All Saints’ 53 St John in the Wilderness 120
**The PCC has complied with the duty under Section 5 of the Safeguarding and Clergy Discipline Measure 2016 in that it has due regard to the House of Bishops’ guidance on safeguarding children and vulnerable adults. (This means positive consideration is given to safer recruitment practice and the possibility that activities within the church community may have safeguarding implications)** .
## Church Wardens report 2022
The Parish has continued to come back to life as covid restrictions have been eased and infections greatly reduced. It was good to be able to welcome, once again, local schools into our churches for carols and Christmas services. The Parish celebrated Queen Elizabeth ll’s Platinum Jubilee in June with a Garden Party and numerous other events. In September, we were all saddened by the death of the Queen. All three churches opened Books of Condolence which many people came to sign. The Parish has been working on ways that we can work with the Coastal Churches Mission Community to bring the Gospel alive throughout the local community. The Rector, Fr Robert Sellers, has again worked tirelessly for the whole Parish. We are extremely grateful for the care and concern he has shown for us all. We are very blessed to have the help and care of our retired clergy Fr Robert Charles, Fr David Arnott and his musical dramas, Fr Ian Blyde, Rev’d Judy Day, Fr Peter Lee, Rev’d Jill Scott and Fr John Sweatman. We want to thank the whole Parish for working hard together, reinvigorating our church life as we emerge from the last three years of covid shut down and its continuing shadow.
Penny Stranack (Churchwarden)
Paul Walker (Churchwarden)
3.
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WITHYCOMBE RALEIGH**
## STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022
|Unrestricted Restricted
Note
General DesignatedIncome Funds
£
£
£
**INCOMING RESOURCES**3.
**Incoming resources from**
**generated funds**
Voluntary Income
96957
-
Activities for generating funds
36772 2181
-
Investment income
3220 638
-
**Income resources from**
**charitable activities**
- -
-
**Other income resources**
79716 -
-
**_Total Incoming Resources_**
£216665 £2819
£-
**RESOURCES EXPENDED**4.
**Costs of generating funds**
Costs of generating voluntary income 194674
-
-
Fundraising trading costs
17091
-
-
Investment Management Costs
-
-
-
**Charitable activities**
1945
-
-
**Governance costs**
2880
-
-
**Other Resources Expended**
**_Total Resources Expended_**
£216590 £-
£-
**_Net incoming/(outgoing) resources_**
**_before transfers_**
75 2819
-
**Gross transfers between funds**
2431 (11270)
-
**_Net incoming/(outgoing) resources_**
**_before other recognised gains/(losses)_**
2506 (8451)
-
**OTHER RECOGNISED GAINS/(LOSSES)**
Gains and losses on revaluation of
fixed assets for the charity’s own use
263292
-
-
Gains and losses on investment assets
4 __-
__-
**_Net movement in funds_**
265802 (8451)
-
**Total funds brought forward**
1451702 49043
__-
**_Total funds carried forward_** £1717504 £40592
£-|Endowment
Total
Funds
2022
£
£
-
96957
-
38953
-
3858
-
-
-
79716
£-
£219484
-
194674
-
17091
-
-
-
1945
-
2880
£-
£216590
-
2894
8839
____
8839
2894
-
263292
(13210)
(13206)
(4371)
252980
51673
1552418
£47302
£1805398|
Total
2022
£
96957
38953
3858
-
79716
£219484|Total
2022
£
96957
38953
3858
-
79716|
Total
2021
£
96484
29660
18208
-
69160
£213512
192451
13920
-
3064
2850
_______
£212285
1227
______
1227
68259
3072
72558
1479860
£1552418|
|---|---|---|---|---|
|||
194674
17091
-
1945
2880
|||
|||£216590|||
|||
2894
____
2894
263292
(13206)
252980
1552418|||
4.
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WITHYCOMBE RALEIGH**
## BALANCE SHEET AS AT 31 DECEMBER 2022
|
Note
**FIXED ASSETS**
Tangible Assets
7.
Investments
8.
**_Total Fixed Assets_**
**CURRENT ASSETS**
Stock and work in progress
Debtors
9.
Short Term Investments
Cash at bank and in hand
**_Total current assets_**
**CREDITORS**
Amounts falling due within one year
10.
**_Net current assets/(liabilities)_**
**_Total Assets less current liabilities_**
**CREDITORS**
Amounts falling due after one year
Provisions for liabilities and charges
**_Net assets_**
**FUNDS OF THE CHARITY**
Unrestricted Funds
Designated income funds
Endowment funds
**_Total Funds_**
Signed by one or two trustees on behalf
of all of the trustees|Unrestricted Restricted Endowment
Total
Total
General Designated Income Funds
Funds
2022
2021
£
£
£
£
£
£
1476190
1476190 1212898
171312
40592
_______
47302
259206
278604
£1647502
£40592
£-
£47302 £1735396 £1491502
-
-
-
1576
1576
1188
-
-
-
71276
71276
62548
72852
-____
-____
-____
72852
63736
2850
2850
2820
70002
-____
-____
-____
70002
60916
1717504
40592
-
47302 1805398 1552418
-
-
-
-
-
-
-
-
-
-
-
-
£1717504
£40592
£-
£47302 £1805398 £1552418
1717504
1717504 1451702
40592
-
40592
49043
_______
_____
____
47302
47302
51673
£1717504
£40592
£-
£47302 £1805398 £1552418
Signature
Print Name Date
Fr Robert Sellers Fr Robert Sellers 23 April 2023|
|---|---|
5.
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WITHYCOMBE RALEIGH**
## NOTES TO THE FINANCIAL STATEMENTS
## FOR THE YEAR ENDED 31 DECEMBER 2022
## 1. **Basis of Preparation**
## 1.1 **Basis of accounting**
These accounts have been prepared on the basis of historic costs (except that investments are shown at market value) in accordance with:
- Accounting and Reporting by Charities – Statement of Recommended Practice (SORP 2005);
- and with Accounting Standards;
- and with Charities Act 1993.
## 1.2 **Change in basis of accounting**
There has been no change to the accounting policies (valuation rules and methods of accounting) since last year
## 1.3 **Changes to previous accounts**
No changes have been made to the accounts for previous years
## 2. **Accounting Policies**
## **INCOMING RESOURCES**
**Recognition of incoming resources** These are included in the Statement of Financial Activities (SoFA) when: • the charity becomes entitled to the resources; • the trustees are virtually certain they will receive the resources; and • the monetary value can be measured with sufficient reliability. **Incoming resources with related expenditure** Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resources and related expenditure are reported gross in the SoFA. **Grants and donations** Grants and donations are only included in the SoFA when the charity has unconditional entitlement to the resources. **Tax reclaims on donations and gifts** Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to which they relate. **Contractual Income and performance related grants** This is only included in the SoFA once the goods or services have been delivered. **Gifts in kind** Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SoFA as incoming resources when receivable. 6.
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WITHYCOMBE RALEIGH**
## NOTES TO THE FINANCIAL STATEMENTS
## FOR THE YEAR ENDED 31 DECEMBER 2022
|**Donated services and**||
|---|---|
|**facilities**|These are only included in incoming resources (with an equivalent amount in|
||resources expended) where the benefit to the charity is reasonably quantifiable,|
||measurable and material. The value placed on these resources is the estimated|
||value to the charity of the service or facility received.|
|**Volunteer help**|The value of any voluntary help received is not included in the accounts but is|
||described in the trustees’ annual report.|
|**Investment income**|This is included in the accounts when receivable.|
|**Investment gains and**||
|**losses**|This includes any gain or loss on the sale of investments and any gain or loss|
||resulting from revaluing investments to market value at the end of the year.|
|**EXPENDITURE AND**||
|**LIABILITIES**||
|**Liability recognition**|Liabilities are recognised as soon as there is a legal or constructive obligation|
||committing the charity to pay out resources.|
|**Governance costs**|Include costs of preparation and examination of statutory accounts, the cost of|
||trustee meetings and the cost of any legal advice to trustees on governance or|
||constitutional matters.|
|**Grants with performance**||
|**conditions**|Where the charity gives a grant with conditions for its payment being a specific level|
||of service or output to be provided, such grants are only recognised in SoFA once|
||the recipient of the grant has provided the specific service or output.|
|**Grants payable without**||
|**performance conditions**|These are only recognised in the accounts when a commitment has been made|
||and there are no conditions to be met relating to the grant which remain in the|
||control of the charity.|
|**Support costs**|Support costs include central functions and have been allocated to activity cost|
||categories on a basis consistent with the use of resources, e.g. allocating property|
||costs by floor areas, or per capita, staff costs by the time spent and other costs by|
||their usage.|
|**ASSETS**||
|**Tangible fixed assets for**||
|**use by the charity**|These are capitalised if they can be used for more than one year and cost at least|
||£500. They are valued at cost, or if gifted, at the value to the charity on receipt.|
|**Investments**|Investments quoted on a recognised stock exchange are valued at market value at|
||the year end. Other investment assets are included at trustees’ best estimate of|
||market value.|
|**Stocks and work in**||
|**progress**|These are valued at the lower of cost or market value.|
7.
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WITHYCOMBE RALEIGH**
## NOTES TO THE FINANCIAL STATEMENTS
## FOR THE YEAR ENDED 31 DECEMBER 2022
|3.**Analysis of incoming resources**
Note
**Voluntary income**
Planned Giving and Tax Recoverable
Collections at Services
Gift Days and Sundry Donations
Grants
Legacies
Other
**Activities for generating funds**
Church Hall lettings
Fundraising
Other
**Investment income**
Dividends and interest
**Incoming resources from charitable activities**
Charity Fayre
**Other incoming resources**
Parish Magazine
Fees
Churchyard
Parochial
Youth Club Income
Youth Worker Grant
All Saints Institute
East Devon District Council Grant
Other
|Unrestricted Restricted Endowment
General Designated Income Funds
Funds
£
£
£
£
78370
-
-
-
11412
-
-
-
7003
-
-
-
-
-
-
-
-
-
-
-
172
-
-
-
£96957
£-
£-
£-
29123
7649
-
2181
- -
£36772
£2181
£-
£-
£3220
£638
£-
£-
£-
£-
£-
£-
3337
-
-
-
24726
-
-
-
23932
-
-
-
15094
-
-
-
-
-
-
-
-
-
-
-
6000
-
-
-
4208
-
-
-
2419
-
-
-
£79716
£-
£-
£-|Total
2022
£
78370
11412
7003
-
-
172
£96957
29123
7649
2181
£38953
£3858
£-
3337
24726
23932
15094
-
-
6000
4208
2419
£79716|Total
2021
£
78009
5179
7198
665
5000
433
£96484
25491
3291
878
£29660
£18208
£-
2508
19699
23187
13102
-
-
6000
4351
313
£69160|
|---|---|---|---|
8.
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WITHYCOMBE RALEIGH**
## NOTES TO THE FINANCIAL STATEMENTS
## FOR THE YEAR ENDED 31 DECEMBER 2022
## 4. **Analysis of resources expended**
|Note
**Costs of generating voluntary income**
Magazine costs
Diocesan common fund
Clergy expenses
Retired Clergy Honoraria
Church running and maintenance
Upkeep of services
Upkeep of churchyard
Wages, salaries and honoraria
Youth Worker’s Salary
Christian Agencies
Assets purchased
New Building work
Major Repairs
Support Costs
Administration
**Fund raising trading**
Church hall running and maintenance
Fund raising costs
**Charitable activities**
Donations
**Governance costs**
Independent Examiners fee|Unrestricted Restricted Endowment
General Designated Income Funds
Funds
£
£
£
£
3211
90000
2912
0
43080
1664
30606
10006
-
2312
-
-
-
7643
3240
____
____ ____
£194674
£-
£-
£-
16965
126
____
____ ____
£17091
£-
£-
£-
£1945
£-
£-
£-
£2880
£-
£-
£-|Unrestricted Restricted Endowment
General Designated Income Funds
Funds
£
£
£
£
3211
90000
2912
0
43080
1664
30606
10006
-
2312
-
-
-
7643
3240
____
____ ____
£194674
£-
£-
£-
16965
126
____
____ ____
£17091
£-
£-
£-
£1945
£-
£-
£-
£2880
£-
£-
£-|Total
2022
£
3211
90000
2912
-
43080
1664
30606
10006
-
2312
-
-
-
7643
3240
£194674
16965
126
£17091
£1945
£2880|Total
2022
£
3211
90000
2912
-
43080
1664
30606
10006
-
2312
-
-
-
7643
3240
£194674
16965
126
£17091
£1945
£2880|Total
2021
£
2810
101500
4080
-
39948
883
28218
9197
-
515
-
2813
-
1351
1136
£192451
13774
146
£13920
£3164
£2850|Total
2021
£
2810
101500
4080
-
39948
883
28218
9197
-
515
-
2813
-
1351
1136
£192451
13774
146
£13920
£3164
£2850|
|---|---|---|---|---|---|---|
||||
||
||
|||||
||
|
## 5. **Details of certain items of expenditure**
|5.1
**Trustee expenses**
Number of trustees who were paid expenses
5.2
Fees for examination or audit of accounts|None
£2880|None
£2850|
|---|---|---|
9.
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WITHYCOMBE RALEIGH**
## NOTES TO THE FINANCIAL STATEMENTS
## FOR THE YEAR ENDED 31 DECEMBER 2022
|6.**Paid Employees**
2022
6.1
**Staff Costs**
£
Gross wages, salaries and benefits in kind
-
Employer’s national insurance costs
-
Pension costs
-
£-
6.2
**Average number of full-time equivalent employees in the year**
Charitable activities
-
7.**Tangible Fixed Assets**
7.1
**Cost or valuation**
Fixtures
Freehold land
fittings and
and buildings
equipment
£
£
Balance brought forward
1125649
87249
Additions
-
-
Revaluation
252589
10703
Disposals
-
-
Balance carried forward
£1378238
£97952
7.2
**Accumulated depreciation and impairment provisions**
Balance brought forward
-
-
Charge for the year
-
-
Balance carried forward
£-
£-
7.3
**Net book value**
Brought forward
£1125649
£87249
Carried forward
£1378238
£97952|2021
£
-
-
-
£-
-
Total
£
1212898
-
263292
-
£1476190
-
-
£-
£1212898
£1476190|
|---|---|
## 7.4 **Revaluation**
Fixed assets have been revalued in accordance with a valuation provided by the Ecclesiastical Insurance Group.
10.
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WITHYCOMBE RALEIGH**
## NOTES TO THE FINANCIAL STATEMENTS
## FOR THE YEAR ENDED 31 DECEMBER 2022
## 8. **Investment Assets**
## 8.1 **Fixed assets investments**
**Fixed assets investments** £ Carrying value at beginning of year 278604 Add: additions to investments at cost - Less: disposals at carrying value - Add: profit/(loss) on revaluation (19398) Carrying value at end of year £259206
||Carrying value at end of year||£259206|
|---|---|---|---|
|8.2|**Analysis of investments**|Market value|
Income for|
|||at year end|the year|
|||£|£|
||Parish Church|||
||CBF Deposit Account - Organ Fund|58|1|
||CBF Deposit Account - Fabric Fund|53|1|
||CBF Deposit Account - Choir Fund|428|6|
||CBF Deposit Account - Vestments Fund|139|2|
||CBF Deposit Account - 150thYear Fund|-|-|
||100 Group Santander shares|262|4|
||Parish Church Hall|||
||Deposit Account|4125|6|
||All Saints Church|||
||CBF Deposit Account - General Fund|154|2|
||CBF Deposit Account - Sheppard Bequest|7452|97|
||14684 CBF Income Shares|-|-|
||CBF Fabric Fund|3256|42|
||Cambridge & Counties Bank|2|-|
||Cambridge & Counties Bank - 1 Year FRB|||
||St John in the Wilderness Church|10198|48|
||CBF Deposit Account - General Fund|8114|105|
||CBF Deposit Account - Capital Projects Fund|11181|238|
||CBF Deposit Account - Organ Fund|21788|283|
||CBF Deposit Account - Maintenance Contingency Fund
|4633|60|
||CBF Growth Fund|2060|27|
||CBF Training Fund|253|3|
||Cambridge & Counties Bank|54984|885|
||Churchyard Fund|6780|-905|
||1512 CBF Investment fund units|16895|-997|
||CBF Deposit Account
|4984|-|
||CBF Deposit Account
|9743|-|
||1474 M&G Charifund income units|25423|-3375|
||Withycombe Raleigh PCC|||
||CBF Income Shares|66242|-8838|
|||£259207|£-12305|
11.
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WITHYCOMBE RALEIGH**
## NOTES TO THE FINANCIAL STATEMENTS
## FOR THE YEAR ENDED 31 DECEMBER 2022
|9.|**Debtors and Prepayments**|||
|---|---|---|---|
||**Analysis of Debtors**||Amounts falling due|
||||within one year|
|||This Year|
Last Year|
|||£|
£|
||Other Debtors|£1576|£1188|
|10.|**Creditors and Accruals**|||
||**Analysis of Creditors**||Amounts falling due|
||||within one year|
|||This Year|
Last Year|
|||£|
£|
||Other Creditors|£2850|£2820|
## 11. **Endowment and Restricted Funds**
## 11.1 **Funds Held**
|Fund Name|Type|Purpose and Restriction|
|---|---|---|
|Parish Church|||
|Organ Fund|Restricted|To provide for the upkeep of the Church Organ|
|Fabric Fund|Restricted|To provide for the upkeep of the Church Fabric|
|Choir Fund|Restricted|To provide for the benefit of the Church Choir|
|Vestments Fund|Restricted|To provide for the upkeep of the Church Vestments|
|150thYear Fund|Restricted|To provide for celebrations to mark the 150th|
|||anniversary of the Church|
## All Saints Church
|Choir Fund
Vestments Fund
150thYear Fund
All Saints Church|Restricted
Restricted
Restricted|To provide for the benefit of the Churc
To provide for the upkeep of the Chur
To provide for celebrations to mark th
anniversary of the Church|
|---|---|---|
|Miss E Hays Legacy|Permanent Endowment|For the general benefit of the Church|
|Miss M F Ramsden-Wood Legacy|Permanent Endowment|For the general benefit of the Church|
|Miss S F Pollard Legacy|Permanent Endowment|For the general benefit of the Church|
|PCC Monies|Permanent Endowment|For the general benefit of the Church|
|St John in the Wilderness|||
|Capital Projects Fund|Restricted|To provide for future capital projects|
|Organ Fund|Restricted|To provide for the upkeep of the Chur|
|Maintenance Contingency Fund|Restricted|To provide for future maintenance|
|Churchyard|||
|Daisy Louisa Pook Bequest|Permanent Endowment|For the upkeep of the Churchyard|
To provide for future capital projects To provide for the upkeep of the Church Organ To provide for future maintenance
12.
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WITHYCOMBE RALEIGH**
## NOTES TO THE FINANCIAL STATEMENTS
## FOR THE YEAR ENDED 31 DECEMBER 2022
|11.2
**Movement of Major Funds**
Fund Names
Parish Church
Organ Fund
Fabric Fund
Choir Fund
Vestments Fund
150thYear Fund
Churchyard Fund
St John in the Wilderness
Capital Projects Fund
Organ Fund
Maintenance Contingency Fund
Churchyard
Daisy Louisa Pook Bequest
Withycombe Raleigh PCC
CBF Income Shares|Fund
balances
brought Incoming
Outgoing
forward resources resources Transfers
£
£
£
£
57
-
-
-
52
-
-
-
422
-
-
-
137
-
-
-
-
-
-
-
7685
-
-
-
20013
-
9070
-
21505
-
-
-
4573
-
-
-
51673
-
-
-
75079
-
-
-
£181196
£-
£9070
£-|Gains
and
Losses
£
1
1
6
2
-
(905)
238
283
60
(4371)
(8838)
£(13523)|Fund
balances
carried
forward
£
58
53
428
139
-
6780
11181
21788
4633
47302
66241
£158603|
|---|---|---|---|
## **12. Other Information**
During the year the Charity administered the collection and payment of £6,348.50 of EDBF fees. This is not reflected in the accounts as the funds never belonged to the Charity.
## **13. Reserves Policy**
The Trustees consider that the accounts allow for the agreed Reserves Policy of £75,000, it is considered that such reserves would allow for the financial stability and the continuance of our principal activities and responsibilities as a charity.
This reserve is held to ensure that during the accounting period, in the case of any unforeseen occurrences across the Parish, at least three months operating costs will be available to provide financial support to any of our Parish Churches (St John the Evangelist, St John in the Wilderness, All Saints’); the Churchyard; and our two church halls (located at St John the Evangelist Church & All Saints Church).
Fr Robert Sellers, Rector, and the Parish Treasurer will keep this level of funds under quarterly review on behalf of the Parochial Church Council.
13