**REGISTERED CHARITY NUMBER: 1128845**
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2022
for
The Parochial Church Council of Keynsham
Moore Chartered Accountants 30 Gay Street Bath BA1 2PA
The Parochial Church Council of Keynsham
Contents of the Financial Statements for the Year Ended 31 December 2022
||Page|
|---|---|
|Report of the Trustees|1 to 11|
|Independent Examiner's Report|12|
|Statement of Financial Activities|13|
|Balance Sheet|15 to 15|
|Notes to the Financial Statements|16 to 37|
|Detailed Statement of Financial Activities|38 to 39|
## The Parochial Church Council of Keynsham
Report of the Trustees for the Year Ended 31 December 2022
## **ADMINISTRATION OF THE PARISH**
Keynsham Parochial Church Council is part of the Church of England. It is a member of the Deanery of Chew Magna and the Diocese of Bath and Wells. It administers the ecclesiastical parish of Keynsham which is situated midway between Bristol and Bath in the County of Bath & North East Somerset.
The centres of population within the ecclesiastical parish are the town of Keynsham and the villages of Burnett, Chewton Keynsham and Queen Charlton. The centres of worship within the Parish are the churches of St John the Baptist, the High Street, Keynsham; St Francis, Warwick Road, Keynsham; St Michael in the village of Burnett and St Margaret in the village of Queen Charlton.
The address for the Keynsham Parochial Church Council is: The Parish Office, 1, The Park, Keynsham, Bristol, BS31 2BL. Tel: 0117 9863354 Email: office@keynshamparish.org.uk Website: www.keynshamparish.org.uk
All the churches can be contacted through the Parish Office.
## **CHARITY DETAILS**
The name of the charity is:
**The Parochial Church Council of the Ecclesiastical Parish of Keynsham** and the Registered Charity Number is: **1128845**
## **INCUMBENT**
The Team Rector is Revd Dr Stephen M’Caw. He can be contacted via the Parish Office.
## **BANKERS**
|**BANKERS**|||
|---|---|---|
|Keynsham PCC National Westminster Bank plc.|Knowle Branch, 290 Wells Road,||
||Knowle, Bristol.|BS4 2QA|
|CCLA Investment Management Ltd,|Senator House||
||85 Queen Victoria Street||
||London EC4V 4ET||
|St. John the Baptist HSBC|79 Regent Street,|Kingswood, Bristol, BS15 8LH|
|CCLA Investment Management Ltd,|Senator House||
||85 Queen Victoria Street||
||London EC4V 4ET||
|St. Francis TSB Bank plc.|13/15, High Street, Keynsham, BS31 1DP||
|St. Margaret HSBC|79 Regent Street,|Kingswood, BS15|
|CCLA Investment Management Ltd|Senator House||
||85 Queen Victoria Street||
||London EC4V 4ET||
|St. Michael National Westminster Bank plc.|Knowle Branch, 290 Wells Road,||
||Knowle, Bristol.|BS4 2QA|
## The Parochial Church Council of Keynsham
Report of the Trustees for the Year Ended 31 December 2022
CCLA Investment Management Ltd
Senator House 85 Queen Victoria Street London EC4V 4ET
## **ACCOUNTANT & INDEPENDENT EXAMINER**
Moore – Chartered Accountants, 30 Gay Street, Bath, BA1 2PA
## **CHURCH ARCHITECTS**
St. John the Baptist George Chedburn Chedburn Dudley, Glove Factory Studios, 1, Brook Lane, Holt, Bradford-on-Avon, BA14 6RL St. Francis George Chedburn Chedburn Dudley, Glove Factory Studios, 1, Brook Lane, Holt, Bradford-on-Avon, BA14 6RL St. Margaret George Chedburn Chedburn Dudley, Glove Factory Studios, 1, Brook Lane, Holt, Bradford-on-Avon, BA14 6RL St. Michael George Chedburn Chedburn Dudley, Glove Factory Studios, 1, Brook Lane, Holt, Bradford-on-Avon, BA14 6RL
## **QUINQUENNIAL INSPECTIONS** –
Are expected within the Parish as follows:
St. John the Baptist Church August 2023 St. Margaret Church March 2025 St. Francis Church April 2023 St. Michael Church November 2025
All the churches, halls and the One Community Trust building are in a good state of repair, and are maintained regularly.
## **LEGAL ADVISER**
Parochial Church Council Harris and Harris Solicitors 14, Market Place, Wells, Somerset, BA5 2RE Tel: 01749 674747
## The Parochial Church Council of Keynsham
## Report of the Trustees
for the Year Ended 31 December 2022
## **MEMBERSHIP OF KEYNSHAM PAROCHIAL CHURCH COUNCIL FROM THE ANNUAL MEETING IN APRIL 2022**
|**Clergy:**|||
|---|---|---|
|Team Rector & Chairman|Revd Dr Stephen M’Caw||
|Missioner and Team Vicar|Revd Mike Burke (until 31stJanuary 2023)||
|Team Vicar|Revd Anika Gardiner||
|Curate|Revd Nigel Williams||
|**Diocesan Synod:**|Mrs Sue Lloyd|
(St J)|
|**Deanery Synod:**|Mrs Sue Lloyd|(St J)|
|**St. John’s Churchwardens**:|Mr Steve Scott||
||Mrs Lesley Organ||
|**St. Margaret’s Churchwardens**:|Mr Chris McFee||
||(one vacancy)||
|**St. Michael’s Churchwardens:**|
Mrs Rosemary Turner||
||Dr Nick Milton||
|**St. Francis’ Churchwardens:**|Mr Martin Buton||
||(one vacancy)||
|**Elected Members:**|Mr Julian Anderson|(St J)|
||Mrs Anne Hewett|(St J)|
||Dr Christopher Newton|(St J)|
||Mrs Jenny Owen|(St J)|
||Dr Richard Pannett|(St J)|
||Tim Winship|(St J)|
||Mr Robert Cook|(St F)|
||(two vacancies from St Francis)||
||Mrs Janet Lane|(St Margaret, Queen Charlton)|
||Mr Graham Lenton|(St Michael, Burnett)|
|**Co-opted Members (co-opted by the PCC, by dint of chairing a PCC subcommittee):**|||
||Mrs Sue Sprague (Worldwide Mission Committee)||
||Mrs Jane Stockall (Stewardship Committee)||
|**Officers of the Keynsham Parochial Church Council:**|||
|**Lay Chair**:|Mrs Sue Lloyd|(elected from the membership)|
|**Treasurer:**|Dr Christopher Newton|(elected from the membership)|
|**Secretary:**
|Ms Julia Wright
|(co-opted from 8thNovember 2022)|
Report of the Trustees for the Year Ended 31 December 2022
## The Parochial Church Council of Keynsham
## **DONATIONS FROM THE TRUSTEES DURING 2022**
It is estimated that during 2022, £17,114 was donated by trustees to the charity. During 2021, £19,564 was donated by trustees to the charity, during 2020, £20,334 was donated by trustees to the charity, and during 2019 a total of £20,914 was donated by trustees to the charity.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **THE KEYNSHAM PAROCHIAL CHURCH COUNCIL**
Keynsham Parochial Church Council (afterwards referred to as ‘the PCC’) follows in the appointment of its members, both the Church of England’s Church Representation Rules 2022, and the District Scheme as implemented prior to the Annual Church Meeting (APCM) held on the 3[rd] May 2022, which updated the District Scheme adopted on 7[th] April 1997.
The scheme agreed on 3[rd] May 2022 sets out a structure for each of the four churches in the Parish to have a District Council, and to be represented at the Parochial Church Council. The PCC has delegated various powers (e.g. care of the church fabric and some control of finances) to the four District Church Councils (afterwards referred to as ‘the DCCs’) - one for each church, but such delegation is without prejudice to the exercise by the Parochial Church Council of Keynsham of its functions, powers and duties whenever it shall deem fit to exercise them, in particular concerning the holding of real property and employing staff and other matters for which a body corporate is required.
All those who attend church services are encouraged to register on the Electoral Roll of one of the churches in the Parish, and thereby become eligible to attend District and Parish annual meetings, vote at the annual meetings, and be eligible to be elected to District and Parochial Church Councils, as outlined in the Church Representation Rules 2022.
Full meetings of the PCC are held every other month five times a year, normally on the second Tuesday in the month. The PCC Standing Committee meets as it needs to, up to five times a year, usually on the second Tuesday of the month, alternating month by month with the PCC. The Standing Committee has the power to transact the business of the PCC between its meetings, subject to any directions given by the PCC. Its members are the clergy, the PCC lay chair, the PCC treasurer and secretary, and all the churchwardens and deputy churchwardens of the parish, although only one churchwarden and deputy churchwarden from any individual church need attend.
The PCC is responsible for making decisions on all matters of general concern and importance to the Parish including the ministry and mission of the Parish, the employment of staff, how the PCC’s finances are managed and funds spent, the safeguarding of children and vulnerable adults, and health and safety matters.
There are two PCC subcommittees: the Worldwide Mission Committee and the Stewardship Committee. The Worldwide Mission Committee is concerned with the Parish’s support of Mission outside the Parish, and the Stewardship Committee with financial stewardship within the Parish. These subcommittees are subject to the PCC as final decision maker.
## **CHEWTON KEYNSHAM MISSION CHURCH**
By agreement of the membership, the Church of Chewton Keynsham ceased functioning at the end of 2020.
## The Parochial Church Council of Keynsham
## Report of the Trustees
for the Year Ended 31 December 2022
2021 was a transition year. This has included the process of offering the membership of the Eco-Church a home at St Francis; bringing the Chewton Keynsham Church finances under the umbrella of the central PCC account; deciding to proceed with selling the building once diocesan permission has been obtained and preparing to formally agree at the Annual Parochial Church Meeting on 3[rd] May 2022, a Parish Scheme for the governance of the parish which no longer includes Chewton Keynsham Church as a district.
During 2022 the process has continued. Diocesan permission was granted to sell the building on 10[th] May 2022, and legal advice is being sought at all stages of the complicated process to sell the building.
## **RISKS TO THE CHARITY**
## The risks the charity faces are **financial, reputational, legal and operational**
The **financial** risk of insolvency is covered by a variety of means, and is also related to capital of good will so crucial to a church’s functioning. Financial risk is minimised by having accountable and comprehensive systems in place within the parish structures at multiple levels; being adequately insured by the Ecclesiastical Insurance Group (a group with considerable church experience); and being part of the much larger Diocese of Bath and Wells, which in turn is part of the Church of England. For the last nine years the credit the Diocese have offered, by way of accepting late payment of the Parish’s Contribution to the Diocese (‘Parish Share’), has illustrated the support available from the latter source.
A major risk the Parish faces in its functioning is that of the decline of its **reputation** and social capital, both of the good will within the churches and the good relations the churches within the parish enjoy with the wider community around them. These good relations are kept and improved by valid consultation, considerate neighbourliness, on-going service to the community and adherence to the Charity’s main objectives. Such attitudes are a fundamental part of the Parish’s functioning and intrinsic to its ethos.
The statutory and **legal** requirements of health and safety, employment and charity law, and those around the issues of safeguarding of vulnerable adults, youth and children are all included in the work of the PCC and DCCs.
The Parish Safeguarding Policy follows that of the guidance of the Diocese of Bath and Wells, and the national Church of England. There is an annual report to the PCC and Annual Parochial Church Meeting.
All the churches and church halls have their own Health and Safety policies. There is combined report for the main site of St John’s Church, the Parish Hall, and the One Community Trust Garage. Professional advice is sought when appropriate.
The **operational** risks to the church buildings in the parish are covered by regular maintenance, five yearly architectural inspections and adequate insurance.
## **OBJECTIVES AND ACTIVITIES**
The PCC is committed to the promotion of the Gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England. To this end it maintains worship in all four churches on a weekly basis and many other activities beside. A full report of each of the churches’ activities in the last year is usually published each year in an additional PCC Annual Report available on request.
## The Parochial Church Council of Keynsham
## Report of the Trustees
for the Year Ended 31 December 2022
## **STAFF EMPLOYED**
The PCC employs eight staff to further its objectives:
- Parish Youth Worker –Ms Philippa Lovell for 20 hours/week.
- Parish Office Manager to administer the Parish Office - Mrs Judy Yeo-Walker for 20 hours/week
- Facilities Manager - Mrs Vanessa Body for 20 hours/week.
- Children and Families Worker – Ms Izzy Brown for 20 hours/week until 4[th] September 2022.
- Caretaker of the St John's site - Mr Steve Spiteri for 12 hours/week. (He is paid from St John's District Council funds.)
- St John's Music Director - Mr Samuel Shackleton for 20 hours/week from 24[th] October 2022. (He is paid from St John's District Council funds.)
- Caretaker of St Francis - Mrs Jenny Minty for 11 hours/week. (She is paid from St Francis District Council funds.)
- Assistant Caretaker of St Francis - Mrs Katie Pointer for 9 hours/week. (She is paid from St Francis District Council funds.)
There are also people that the parish pays as self-employed or for their sessional work as cleaners or organists. There are in addition many, many volunteers who ensure the Parish functions smoothly in countless ways including for example Churchwardens, Treasurers, Leaders of Mothers’ Union and the children’s ministry, flower arrangers, etc..
## **PUBLIC BENEFIT**
In accordance with the Charities Act 2011, the Charity Commission requires a charity to demonstrate that each of its aims provide an identifiable benefit to the public or a section of the public. In this section the Charity Commission’s specific guidance to charities that have the advancement of religion as a major aim has been followed. The PCC (Powers) Measure 1956 states that the PCC ‘is to cooperate with the minister in promoting in the Parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical’. The activities within Keynsham Parish that surround each of these four aims are described below, along with the accompanying identifiable public benefit.
In every case Keynsham PCC is committed to enabling as many people as possible to join in the activities of the Parish and to receive its benefits. Sunday worship is widely advertised and is open to all comers, and includes online provision, pastoral care is available for all who ask, and social activities are usually promoted for the whole community.
## **EVANGELISTIC (THE ADVANCEMENT OF RELIGION)**
The practice and promotion of the Christian faith via Sunday and midweek worship, the yearly Alpha Course, weekly homegroups, Mothers’ Union meetings, and other such activities, provides meaning and purpose in the life of the adherents, offers a moral framework for life choices and also a means of developing and maintaining spiritual wellbeing. This is not confined to only regular worshippers and members, since visitors and new members are welcome, and further the Christian faith encourages the service and loving of others and the working for the wider good of whole society (‘You shall love your neighbour as yourself’).
In addition the maintaining of the historical fabric of the five churches, the burden of which falls on to the four District Church Councils, which are constituents of the PCC (see page above), thereby ensures the preservation of the historic fabric for the whole community. In addition the church buildings provide a sacred space for the wider community for both specific occasions, and for visitors to drop in, in order to reflect, pray and enjoy the quiet. (The largest church, St John’s, is open each day Monday to Friday). The churchyards of St Michael, Burnett, and St Margaret, Queen Charlton are available for burials for members of the public resident in the respective villages.
## The Parochial Church Council of Keynsham
Report of the Trustees for the Year Ended 31 December 2022
St John’s has been connected with the school of the same name in Keynsham since Victorian times and contributes to the spiritual and moral education of the children at the school by three church members as governors (one as chair of governors), the Team Rector and Curate leading collective worship, and the school attending specific services in the Church of St John’s three times a year.
The Two Rivers Church of England School in Keynsham which began its life in September 2020 is also connected in an evolving and similar way to St John’s Church of England School. One church member is a governor, the Team Rector and Curate and a team of people lead collective worship, and the school attends specific services in the Church of St John’s occasionally.
## **PASTORAL**
All who reside within the ecclesiastical parish of Keynsham are entitled to a Church of England baptism, wedding or funeral, and those who are associated in other ways with the parish often make use of the opportunity e.g. to marry in the parish. The pastoral care that the clergy and others provide, aims to express Christian caring through the contacts with families and individuals as well as during the Christian services such as funerals themselves. Follow up care for bereaved families includes an invitation to an autumn commemoration service in which the deceased is named and comfort offered.
In 2019 the Parish conducted 18 church funerals and 20 funerals at a crematorium or cemetery; 14 weddings and 39 baptisms. During 2020 much of this activity was severely reduced by the COVID-19 pandemic.
In 2021 the Parish activity began to return to pre-pandemic levels. There were 21 church funerals and 36 funerals at a crematorium or cemetary; 9 weddings and 17 baptisms.
In 2022 the Parish conducted 14 church funerals and 23 funerals at a crematorium or cemetery; 12 weddings and 33 baptisms.
The pastoral care of members of the church is a central part of the church’s daily activities including visiting the sick at home and in hospital. A good deal of care is offered informally by members of the church community as well as by formal pastoral care structures and the clergy.
The churches within the parish function act as very important social networks not only for their members but for people in the community as a whole. People are prayed for by name (with their permission) during Sunday services whether or not they attend church.
## **SOCIAL**
The church of St John’s and the adjacent Parish Hall are buildings maintained at the Parish’s expense and are available for hire for wider public use. The church is available for concerts; the Parish Hall, for Karate, Keep Fit, Toddlers, and other events including private parties.
St Francis Church having first undertaken the thermal insulation and double glazing of both the church and hall, completed in early 2016 the final phase of its refurbishment project by building a two storey extension to its hall. The resultant facilities have resulted in an increased take up of use by the local community with Toddlers, and other groups.
Concerts are occasionally held in the churches in Burnett and Queen Charlton.
In 2022 the Parish gave away £7,467 to charitable causes. In 2021 the Parish gave away £18,183 to charitable causes, over half of which was to support the link parish of Chipata South in Zambia. The money as given via the charity ‘Hands of Compassion,’ to help fund the building of a new school.
## The Parochial Church Council of Keynsham
## Report of the Trustees
for the Year Ended 31 December 2022
In 2020 the Parish gave away £10,657 to charitable causes, and in 2019 the Parish gave away £10,454 to charitable causes.
## **ECUMENICAL**
The Anglican Parish of Keynsham is a partner within the organisation known as ‘Churches Together in Keynsham and Saltford’, which is made up of all the churches in Keynsham (Baptist, Methodist, Pentecostal and Roman Catholic and others), and the Anglican church in Saltford. This umbrella organisation as well as promoting harmony and co-operation between the denominations, and thereby contributing to the religious harmony within the town, contributes to social care through, for example, the ‘Friends in Need’ scheme. This scheme links volunteer drivers with those requiring lifts to doctors’ surgeries or hospitals for their health care needs. In addition the churches of the town of Keynsham support and work with Keynsham Town Council, and the village churches likewise with their Parish Council for the wider community’s thriving and common good.
## **ACHIEVEMENTS AND PERFORMANCE**
A full report of the all the churches’ activities in the last year is usually published each year in an additional PCC Annual Report available on request. The details about the many of the activities that occur in the parish can be seen on the parish website (www.keynshamparish.org.uk).
||**ELECTORAL ROLL**|||||
|---|---|---|---|---|---|
||The were 270 members|of the Parish of Keynsham currently. Details are:||||
|||2022|Additions|Removals|2023|
||St John’s|198|0|11|187|
||St Francis|31|3|1|33|
||St Margaret’s|34|0|0|34|
||St Michael’s|17|1|2|16|
||**Total**|**280**|**4**|**14**|**270**|
||**FINANCIAL REVIEW**|||||
## **GENERAL – a) end of year debt**
The overall picture of the parish’s finances is that they have remained remarkably stable. A crucial measure is the outstanding Parish Share still owed to the Diocese of Bath and Wells at the end of the year.
In 2022 the Parish (in reality St John’s) finished the year owing £19,795, slightly up on the year before (2021) when St John’s finished the year owing £18,950.
This was less than 2020, when the parish finished the year owing £28,289 in outstanding Parish Share. This was £25,601 for St John’s and £2,688 for Chewton Keynsham.
## The Parochial Church Council of Keynsham
## Report of the Trustees
for the Year Ended 31 December 2022
## **GENERAL – b) financial positions of each Church (unrestricted funds)**
The situation with regard to each of the individual churches is shown in the table below:
## **For 2022**
|**For 2022**|||
|---|---|---|
||**End of year balance of income**
**versus expenditure of**
**unrestricted funds for 2022**|**Carry over surplus or deficit of all**
**unrestricted funds at the end of**
**2022**|
|**St John**|£26,323|£44,244
(£40,700 is from two generous
legacies)|
|**St Francis**|Minus £1,843|£20,079|
|**St Margaret, QC **|Minus £36|£5,834|
|**St Michael, Burnett**|£1,957|£10,120|
## **By way of comparison for 2021**
|**By way of comparison for 2021**|||
|---|---|---|
||**End of year balance of income**
**versus expenditure of**
**unrestricted funds for 2021**|**Carry over surplus or deficit of all**
**unrestricted funds at the end of**
**2021**|
|**St John**|£29,322
(NB £27,328 legacies)|£17,921|
|**St Francis**|£323|£21,922|
|**St Margaret, QC **|Minus £2,644|£5,870|
|**St Michael, Burnett**|£1,170|£8,193|
|**Chewton Keynsham**|£447|£2,927|
## **By way of comparison for 2020**
|**By way of comparison for 2020**|||
|---|---|---|
||**End of year balance of income**
**versus expenditure of**
**unrestricted funds for 2020**|**Carry over surplus or deficit of all**
**unrestricted funds at the end of**
**2020**|
|**St John**|£2,592|Minus £11,401|
|**St Francis**|Minus £552|£21,599|
|**St Margaret, QC **|Minus £4,266|£8,514|
|**St Michael, Burnett**|Minus £939|£6,993|
|**Chewton Keynsham**|£1,895|£2,480|
## **THE @ONE PROJECT**
In November 2010 the former Rectory building on the St John’s site was purchased by the parish for £315,000. Along with costs to convert the use of the building and the ancillary costs of legal fees of £27,674, the total cost to the Parish was £342,674.
The purchase was made possible by a loan from the Diocese of Bath and Wells of £225,000, alongside loans and gifts from private individuals, and a loan of £49,500 from PCC designated reserves.
Through the hard work and energy of the ‘Rectory Development Group’, a group largely of volunteers, a huge sum of money was raised in grants and donations, such that at the end of 2016, the amount outstanding was only £67,517 to the Diocese and £26,500 to the Parochial Church Council.
## The Parochial Church Council of Keynsham
Report of the Trustees for the Year Ended 31 December 2022
Following discussion within the Community Management Group overseeing the @One Project on behalf of the Parochial Church Council, and within the Parochial Church Council, and after consultation with external advisors, the decision was made by the Parochial Church Council meeting on 2[nd] February 2015 for the @One Project to become a separate charity. The separate charity known as The One Community Trust Keynsham (charity number 1163878) was registered as a charitable incorporated organisation on 7[th] October 2015, with the charitable objects as:
_The One Community Trust operates from a Christian ethos, & is based at the @One building in Keynsham, adjacent to St John's Church. Our objectives are:_
- _To promote community benefit for the support and advancement primarily, but not exclusively, of the young people of Keynsham, regardless of belief._
- _To give them the confidence and faith to change their lives._
- _To further support and relieve, through charitable actions, those in need (by reason of youth, age, ill health, disability, financial hardship or other disadvantages) who are living in Keynsham and the surrounding district, by organising and supporting healthy and enjoyable community activities & providing associated services throughout the year._
At the end of 2019 the PCC owed £72,803 (£1,946 having been added as interest for the year). There were no repayments to the Diocese during 2019, or the previous 3 years as arranged beforehand with Diocese. During 2020 repayments have recommenced with the One Community Trust paying £6,469 during 2020 in lieu of rent; leaving £67,947 owing with the addition of interest. During 2021 the One Community Trust paid £6,281 in lieu of rent; leaving £63,075 owing with the addition of interest. During 2022 the One Community Trust paid £7,081 in lieu of rent; leaving £58,226 owing with the addition of interest.
The Parochial Church Council continues to take a close supportive interest in the One Community Trust.
## **LEGACY POLICY**
The Parochial Church Council adopted a Legacy policy at its meeting on 12[th] January 2016. [This was after having invited the individual churches to consider a policy of their own, but their feedback to the Parochial Church Council was that they would prefer a parish wide one.]
The policy is:
**“The Keynsham Parochial Church Council (PCC) reaffirms its commitment to encouraging people to make and review their Wills as part of their Christian stewardship.**
**It welcomes church members leaving gifts in their Wills for the general purposes of the parish, and if they wish to specific churches within the parish. The PCC’s policy is to use gifts in Wills to fund significant development projects in the parish whether buildings, equipment, or staff. Because it may not be possible to fulfil specific donor requests, we prefer gifts to be subject to minimum restrictions.”**
The Parochial Church Council of Keynsham
## Report of the Trustees
## for the Year Ended 31 December 2022
## **RESERVES**
## **RESERVES POLICY**
The Policy of each of the four individual churches is to maintain sufficient unrestricted funds to cover necessary foreseeable expenditure, and retain a positive financial balance at all times.
For the three biggest accounts of St Francis, St John’s and the Central PCC accounts, the ideal is to have sufficient cash at bank available to cover three months of staff costs and regular expected expenditure.
It is our policy to invest our reserve funds with CCLA Investment Management Ltd, Senator House, 85 Queen Victoria Street, London EC4V 4ET.
## **RESERVES CURRENTLY HELD**
||**Reserves held**
**at 31st December 2022**|**Reserves held**
**at 31st December 2021**|
|---|---|---|
|Keynsham PCC Totals|General = £104,805
Fixed Assets (net of loans)
Restricted = £161,428
Unrestricted = £1,120,600
Other Restricted = £15,701
Other Designated = £52,139
Endowment = £40,886|General = £108,729
Fixed Assets (net of loans)
Restricted = £167,876
Unrestricted = £1,138,540
Other Restricted = £17,125
Other Designated = £26,075
Endowment = £46,383|
|St John the Baptist, Keynsham|General = £44,243
Restricted = £5,211|General = £17,921
Restricted = £6,690|
|St Francis, Keynsham|General = £16,079
Designated = £4,000
Restricted = £1,010|General = £17,922
Designated = £4,000
Restricted = £1,010|
|Chewton Keynsham Mission
Church|Included within the PCC totals
goingforward|General = £2,927
Restricted = £1,158|
|St Margaret, Queen Charlton|General = £5,492
Designated = £342
Restricted = £1,781|General = £5,528
Designated = £342
Restricted = £1,726|
|St Michael, Burnett|General = £10,120
Restricted = £8,540|General = £8,163
Restricted = £8,540|
As can be seen the reserves held by the four churches are small.
Approved by order of the PCC on ............................................. and signed on its behalf by:
................................................................. Revd Dr Stephen M’Caw Team Rector/Chair of the PCC
................................................................. Dr Christopher Newton PCC Treasurer
Page 11
Independent Examiner's Report to the Trustees of
The Parochial Church Council of Keynsham
## **Independent examiner's report to the trustees of The Parochial Church Council of Keynsham**
I report to the charity trustees on my examination of the accounts of The Parochial Church Council of Keynsham (the Trust) for the year ended 31 December 2022.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
## **Independent examiner's statement**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of Institute of Chartered Accountants in Scotland (ICAS) which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mr M Powell ICAS Institute of Chartered Accountants in Scotland (ICAS) Moore Chartered Accountants 30 Gay Street Bath BA1 2PA
Date: .............................................
Page 12
The Parochial Church Council of Keynsham
## Statement of Financial Activities
for the Year Ended 31 December 2022
|Unrestricted
funds
Notes
£
**INCOME AND**
**ENDOWMENTS FROM**
Donations and legacies
2
**310,150**
Other trading activities
3
**11,329**
Investment income
4
**405**
Other income
5
**70,889**
**Total**
**392,773**
**EXPENDITURE ON**
**Charitable activities**
6
Parish office expenses
Church running expenses
**29,520**
**48,875**
Hall running expenses
**36,063**
Other
**55,857**
Missonary and charitable
giving
**7,382**
Work of the P.C.C
**210,875**
Other
8
**-**
**Total**
**388,572**
Net gains/(losses) on
investments
**-**
**NET**
**INCOME/(EXPENDITURE)**
**4,201**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**1,273,344**
**TOTAL FUNDS CARRIED**
**FORWARD**
**1,277,545**|
Restricted
funds
£
**5,838**
**60**
**86**
**173**
**6,157**
**-**
**6,933**
**564**
**6,448**
**85**
**-**
**-**
**14,030**
**-**
**(7,873)**
**185,001**
**177,128**|
Endowment
funds
£
**-**
**-**
**1,217**
**-**
**1,217**
**-**
**-**
**-**
**-**
**-**
**-**
**1,217**
**1,217**
**(5,497)**
**(5,497)**
**46,383**
**40,886**|31.12.22
Total
funds
£
**315,988**
**11,389**
**1,708**
**71,062**
**400,147**
**29,520**
**55,808**
**36,627**
**62,305**
**7,467**
**210,875**
**1,217**
**403,819**
**(5,497)**
**(9,169)**
**1,504,728**
**1,495,559**|
31.12.21
Total
funds
£
323,376
20,864
1,211
59,001
404,452
29,631
64,913
38,376
59,872
18,183
204,069
1,178
416,222
5,811
(5,959)
1,510,687
1,504,728|
|---|---|---|---|---|
The notes form part of these financial statements
Page 13
The Parochial Church Council of Keynsham
## Balance Sheet
## 31 December 2022
|Unrestricted
funds
Notes
£
**FIXED ASSETS**
Tangible assets
13
**1,198,228**
Investments
14
**-**
**1,198,228**
**CURRENT ASSETS**
Debtors
15
**21,717**
Cash at bank
**88,423**
**110,140**
**CREDITORS**
Amounts falling due within
one year
16
**(30,823)**
**NET CURRENT ASSETS**
**79,317**
**TOTAL ASSETS LESS**
**CURRENT LIABILITIES**
**1,277,545**
**CREDITORS**
Amounts falling due after
more than one year
17
**-**
**NET ASSETS**
**1,277,545**|
Restricted
funds
£
**180,772**
**-**
**180,772**
**-**
**58,040**
**58,040**
**(3,458)**
**54,582**
**235,354**
**(58,226)**
**177,128**|
Endowment
funds
£
**-**
**40,886**
**40,886**
**-**
**-**
**-**
**-**
**-**
**40,886**
**-**
**40,886**|31.12.22
Total
funds
£
**1,379,000**
**40,886**
**1,419,886**
**21,717**
**146,463**
**168,180**
**(34,281)**
**133,899**
**1,553,785**
**(58,226)**
**1,495,559**|
31.12.21
Total
funds
£
1,403,388
46,383
1,449,771
27,359
120,672
148,031
(29,999)
118,032
1,567,803
(63,075)
1,504,728|
|---|---|---|---|---|
The notes form part of these financial statements
continued...
Page 14
The Parochial Church Council of Keynsham
|Balance Sheet-continued
31 December 2022
**FUNDS**
18
Unrestricted funds
Restricted funds
Endowment funds
**TOTAL FUNDS**|**1,277,545**
**177,128**
**40,886**
**1,495,559**|1,273,344
185,001
46,383
1,504,728|
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. …………………………………… Revd Dr Stephen M’Caw Dr Christopher Newton Team Rector/Chair of the PCC PCC Treasurer
The notes form part of these financial statements
Page 15
The Parochial Church Council of Keynsham
Notes to the Financial Statements for the Year Ended 31 December 2022
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
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 Republic of Ireland (FRS 102) (effective 1 January 2019)', 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.
The charity's accounts comprise the activities of:
St John the Baptist, Keynsham St Francis, Keynsham St Margaret's, Queen Charlton St Michael's, Burnett The Parochial Church Council Central The Keynsham Parish Clergy Fees Account
The accounts include all transactions, assets and liabilities for which the PCC is responsible in law including the former rectory freehold premises and the related loan from the Diocese. They do not include the accounts of other church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members.
## **Incoming resources**
All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
Planned giving is only recognised when received.
Collections are recognised when received by or on behalf of the PCC.
Legacies are accounted for as soon as the PCC is notified of its legal entitlement, the amount can be estimated with sufficient accuracy and it is probable that the amount will be received.
Income tax recoverable on gift aid donations is recognised when the donation is received.
Sales of books and other items sold in the shop are recognised at point of sale.
Fees arising from the use of properties are recognised when the fee is due.
## **Resources expended**
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes VAT which cannot be recovered, and is classified under headings of the statement of financial activities to which it relates.
continued...
Page 16
The Parochial Church Council of Keynsham
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
## **1. ACCOUNTING POLICIES - continued**
## **Resources expended**
Expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
Expenditure on charitable activities includes all costs incurred by the charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC.
The diocesan parish share is accounted for when payable.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property Straight line over 50 years Solar panels Straight line over 10 years Office equipment Straight line over 4 years
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
Page 17
The Parochial Church Council of Keynsham
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
## **2. DONATIONS AND LEGACIES**
|**Donations**
Planned giving
Gift Aid
Gift Aid collection
Cash collections
Donations, appeals
**Legacies**
Legacies (St John)
**Grants receivable**
Bath & Wells Diocesan of Change Bells
Friends of St John
St John's Bellringers
**Donations**
Planned giving
Gift Aid
Gift Aid collection
Cash collections
Donations, appeals
**Legacies**
Legacies (St John)
**Grants receivable**
Bath & Wells Diocesan of Change Bells
Friends of St John
St John's Bellringers|**Unrestricted**
**Funds**
**£**
**201,381**
**51,661**
**2,976**
**6,170**
**22,511**
**25,451**
**-**
-
-
**310,150**
Unrestricted
Funds
£
203,341
48,146
3,662
3,652
33,940
15,249
-
-
-
307,990|**Restricted**
**Funds**
**£**
**-**
**43**
**-**
**-**
**2,829**
**-**
**-**
**2,500**
**466**
**5,838**
Restricted
Funds
£
-
1,293
-
-
8,814
-
1,100
2,131
2,048
15,386|**Total Funds**
**2022**
**£**
**201,381**
**51,704**
**2,976**
**6,170**
**25,340**
**25,451**
**-**
**2,500**
**466**
**315,988**
Total Funds
2021
£
203,341
49,439
3,662
3,652
42,754
15,249
1,100
2,131
2,048
323,376|
|---|---|---|---|
continued...
Page 18
The Parochial Church Council of Keynsham
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
## **3. OTHER TRADING ACTIVITIES**
|Fundraising events and activities
Harvest lunches
Mission income
Use of Church facilities (CK)
Fundraising events and activities
Harvest lunches
Mission income
Use of Church facilities (CK)|**Unrestricted**
**Funds**
**£**
**8,429**
**-**
**2,075**
**825**
**11,329**
Unrestricted
Funds
£
7,147
-
12,990
617
20,754|**Restricted**
**Funds**
**£**
**-**
**60**
**-**
**-**
**60**
Restricted
Funds
£
-
110
-
-
110|**Total Funds**
**2022**
**£**
**8,429**
**60**
**2,075**
**825**
**11,389**
Total Funds
2021
£
7,147
110
12,990
617
20,864|
|---|---|---|---|
## **4. INVESTMENT INCOME**
|Other interest received
Other interest received|**Unrestricted**
**Funds**
**£**
**405**
Unrestricted
Funds
£
33|**Restricted**
**Funds**
**£**
**86**
Restricted
Funds
£
-|**Endowment**
**Funds**
**£**
**1,217**
Endowment
Funds
£
1,178|**Total Funds**
**2022**
**£**
**1,708**
Total Funds
2021
£
1,211|
|---|---|---|---|---|
continued...
Page 19
The Parochial Church Council of Keynsham
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
## **5. OTHER INCOME**
|Parish hall and St John's church lettings
Other rents received (SF)
Fees
Office services and other income
Solar panel rebates (SJ)
Government grants for CJRS
One Community repayment of loan
Parish hall and St John's church lettings
Other rents received (SF)
Fees
Office services and other income
Solar panel rebates (SJ)
Government grants for CJRS
One Community repayment of loan|**Unrestricted**
**Funds**
**£**
**17,587**
**16,151**
**23,240**
**8,379**
**683**
**-**
**4,849**
**70,889**
Unrestricted
Funds
£
15,277
11,751
23,546
322
624
1,200
6,281
59,001|**Restricted**
**Funds**
**£**
**-**
**-**
**-**
**173**
**-**
**-**
**-**
**173**
Restricted
Funds
£
-
-
-
-
-
-
-
-|**Total Funds**
**2022**
**£**
**17,587**
**16,151**
**23,240**
**8,552**
**683**
**-**
**4,849**
**71,062**
Total Funds
2021
£
15,277
11,751
23,546
322
624
1,200
6,281
59,001|
|---|---|---|---|
## **6. CHARITABLE ACTIVITIES COSTS**
EXPENDITURE ON CHARITABLE ACTIVITIES BY FUND TYPE
|Mission and Charitable giving
Diocesan parish share
Fees
Other groups and activities
Youth & Children and Families workers salary and expenses
Support costs|**Unrestricted**
**Funds**
**£**
**7,382**
**174,087**
**15,573**
**1,679**
**19,536**
**170,315**
**388,572**|**Restricted**
**Funds**
**£**
**85**
**-**
**-**
**-**
**-**
**13,945**
**14,030**|**Total Funds**
**2022**
**£**
**7,467**
**174,087**
**15,573**
**1,679**
**19,536**
**184,260**|
|---|---|---|---|
||||**402,602**|
continued...
Page 20
The Parochial Church Council of Keynsham
## Notes to the Financial Statements - continued
for the Year Ended 31 December 2022
## **6. CHARITABLE ACTIVITIES COSTS - continued**
|**CHARITABLE ACTIVITIES COSTS - continued**||||
|---|---|---|---|
|Mission and Charitable giving
Diocesan parish share
Fees
Other groups and activities
Youth & Children and Families workers salary and expenses
Support costs|Unrestricted
Funds
£
18,038
170,015
16,008
1,926
16,120
153,707
375,814|Restricted
Funds
£
145
-
-
-
-
39,085
39,230|Total Funds
2021
£
18,183
170,015
16,008
1,926
16,120
192,792|
||||415,044|
## EXPENDITURE ON CHARITABLE ACTIVITIES BY ACTIVITY TYPE
|Mission and Charitable giving
Diocesan parish share
Fees
Other groups and activities
Youth & Children and Families
workers salary and expenses
Parish office expenses
Church running expenses
Hall running expenses
Other|Charitable
giving
£
**7,467**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**7,467**|Work of the
P.C.C
£
**-**
**174,087**
**15,573**
**1,679**
**19,536**
**-**
**-**
**-**
**-**
**210,875**|Support
Costs
£
**-**
**-**
**-**
**-**
**-**
**29,520**
**55,808**
**36,627**
**62,305**
**184,260**|Total Funds
2022
£
**7,467**
**174,087**
**15,573**
**1,679**
**19,536**
**29,520**
**55,808**
**36,627**
**62,305**
**402,602**|Total Funds
2021
£
18,183
170,015
16,008
1,926
16,120
29,631
64,913
38,376
59,872|
|---|---|---|---|---|---|
||||||415,044|
## **7. GRANTS PAYABLE**
|**GRANTS PAYABLE**|||
|---|---|---|
||31.12.22|31.12.21|
||£|£|
|Missonary and charitable giving|**7,467**|18,183|
continued...
Page 21
The Parochial Church Council of Keynsham
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
## **7. GRANTS PAYABLE - continued**
|Ukraine generators
World Mission Appeal
CMS
inHope
The Bible Society
The Leprosy Mission
Pakistan flood Christian Aid
RICE
Hands of Compassion (chipata South Zambia school)
Crisis
Foodbank
Dementia adventure
DEC Ukraine Appeal
Diocese Bells
Beloved
Scripture Union
Zambia school
Sisters of church
Bath Welcomes Refugees|**2022**
**£**
**1,000**
**702**
**675**
**675**
**675**
**675**
**650**
**650**
**620**
**500**
**314**
**200**
**111**
**20**
-
-
-
-
-
**7,467**|2021
£
-
2,099
1,750
-
-
-
-
-
11,071
-
750
-
-
20
875
875
400
225
118
18,183|
|---|---|---|
## **8. OTHER**
|Endowment fund income paid to St John's Wardens
Endowment fund income paid to St John's Wardens|**Unrestricted**
**Fund**
**£**
**-**
Unrestricted
Fund
£
-|**Endowment**
**Funds**
**£**
**1,217**
Endowment
Funds
£
1,178|**Total Funds**
**2022**
**£**
**1,217**
Total Funds
2021
£
1,178|
|---|---|---|---|
continued...
Page 22
The Parochial Church Council of Keynsham
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
## **9. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.
## **10. STAFF COSTS**
||**2022**|2021|
|---|---|---|
||**£**|£|
|Wages and Salaries (including employer pension contributions)|**59,085**|67,040|
The PCC employs eight staff to further its objectives:
Parish Youth Worker - Ms Philippa Lovell for 20 Hours/week.
Parish Office Manager to administer the Parish Office - Mrs Judy Yeo-Walker for 20 hours/week.
Facilities Manager - Mrs Vanessa Body for 20 hours/week.
Children and Families Worker - Ms Izzy Brown for 20 hours/week until 4[th] September 2022.
Caretaker of the St John's site - Mr Steve Spiteri for 12 hours/week. (He is paid from St John's District Council funds.)
St John's Music Director - Mr Samuel Shackleton for 20 hours/week from 24[th] October 2022. (He is paid from St John's District Council funds.)
Caretaker of St Francis - Mrs Jenny Minty for 11 hours/week. (She is paid from St Francis District Council funds.)
Assistant Caretaker of St Francis - Mrs Katie Poynter for 9 hours/week. (She is paid from St Francis District Council funds.)
There are also people that the parish paid as self-employed or for their sessional work as organists.
No employee received remuneration of more than £60,000 during the year.
continued...
Page 23
The Parochial Church Council of Keynsham
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
|**11.**
**2021 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
Restricted
funds
funds
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
307,990
15,386
Other trading activities
20,754
110
Investment income
33
-
Other income
59,001
-
**Total**
387,778
15,496
**EXPENDITURE ON**
**Charitable activities**
Parish office expenses
Church running expenses
29,631
47,389
-
17,524
Hall running expenses
24,338
14,038
Other
52,349
7,523
Missonary and charitable giving
18,038
145
Work of the P.C.C
204,069
-
Other
-
-
**Total**
375,814
39,230
Net gains on investments
-
-
**NET INCOME/(EXPENDITURE)**
11,964
(23,734)
**Transfers between funds**
(12,240)
12,240
**Net movement in funds**
(276)
(11,494)
**RECONCILIATION OF FUNDS**
Total funds brought forward
1,273,620
196,495
**TOTAL FUNDS CARRIED FORWARD**
1,273,344
185,001|
Endowment
funds
£
-
-
1,178
-
1,178
-
-
-
-
-
-
1,178
1,178
5,811
5,811
-
5,811
40,572
46,383|
Total
funds
£
323,376
20,864
1,211
59,001
404,452
29,631
64,913
38,376
59,872
18,183
204,069
1,178
416,222
5,811
(5,959)
-
(5,959)
1,510,687
1,504,728|
|---|---|---|
continued...
Page 24
The Parochial Church Council of Keynsham
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
## **12. SUPPORT COSTS**
|Office and staff costs
Photocopying
Postage and stationery
Office equipment
Office consumables including IT
Light, heat and water
Insurance
Repairs and maintenance (incl. churchyard)
Music director and organist (SJ)
Cleaning and caretaking (SJ)
Accountancy and professional fees
Depreciation
Clergy and ministry expenses
Caretaker costs (SF)
Organ, choir and music costs (SF and SJ)
Interest on loan from Diocese of Bath & Wells
Other expenses
Office and staff costs
Photocopying
Postage and stationery
Office equipment
Office consumables including IT
Light, heat and water
Insurance
Repairs and maintenance (incl. churchyard)
Music director and organist (SJ)
Cleaning and caretaking (SJ)
Accountancy and professional fees
Depreciation
Clergy and ministry expenses
Caretaker costs (SF)
Organ, choir and music costs (SF and SJ)
Interest on loan from Diocese of Bath & Wells
Other expenses|Parish office
expenses
£
**21,588**
**-**
**1,257**
**4,727**
**1,948**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**29,520**
Other
£
**-**
**-**
**1,693**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**9,000**
**24,388**
**6,016**
**10,189**
**2,623**
**2,233**
**6,163**
**62,305**|Church running
expenses
£
**-**
**-**
**-**
**-**
**-**
**10,514**
**5,627**
**31,902**
**7,765**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**55,808**
**Total funds**
**2022**
**£**
**21,588**
**-**
**2,950**
**4,727**
**1,948**
**16,911**
**7,703**
**44,844**
**7,765**
**15,212**
**9,000**
**24,388**
**6,016**
**10,189**
**2,623**
**2,233**
**6,163**
**184,260**|
Hall running
expenses
£
**-**
**-**
**-**
**-**
**-**
**6,397**
**2,076**
**12,942**
**-**
**15,212**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**36,627**
Total Funds
2021
£
20,749
720
1,121
5,958
1,803
12,486
7,256
57,197
16,044
10,306
7,800
24,388
3,970
9,546
2,898
1,408
9,142
192,792|
|---|---|---|---|
continued...
Page 25
The Parochial Church Council of Keynsham
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
## **13. TANGIBLE FIXED ASSETS**
|**COST**
At 1 January 2022 and
31 December 2022
**DEPRECIATION**
At 1 January 2022
Charge for year
At 31 December 2022
**NET BOOK VALUE**
At 31 December 2022
At 31 December 2021|Freehold
property
£
**1,615,000**
**212,400**
**23,600**
**236,000**
**1,379,000**
1,402,600|
Plant and
machinery
£
**17,855**
**17,855**
**-**
**17,855**
**-**
-|Fixtures
and
fittings
£
**7,880**
**7,092**
**788**
**7,880**
**-**
788|Totals
£
**1,640,735**
**237,347**
**24,388**
**261,735**
**1,379,000**
1,403,388|
|---|---|---|---|---|
The freehold property consists of :
St John's Church Hall, which is held by the PCC on behalf of the DCC of St John the Baptist, Keynsham.
Chewton Keynsham Mission church, which is held by the PCC.
The @ONE St John's Youth and Community Centre (formerly The Rectory) was purchased in Autumn 2010 for £315,000.
All freehold property is recognised using a previous depreciated replacement cost valuation as a deemed cost on transition to SORP (FRS 102). These assets are being depreciated from their valuation year of 2012.
continued...
Page 26
The Parochial Church Council of Keynsham
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
## **14. FIXED ASSET INVESTMENTS**
|**FIXED ASSET INVESTMENTS**||
|---|---|
||Unlisted|
||investments|
||£|
|**MARKET VALUE**||
|At 1 January 2022|46,383|
|Revaluations|(5,497)|
|At 31 December 2022|**40,886**|
|**NET BOOK VALUE**||
|At 31 December 2022|**40,886**|
|At 31 December 2021|46,383|
|There were no investment assets outside the UK.||
|Cost or valuation at 31 December 2022 is represented by:||
||Unlisted|
||investments|
||£|
|Valuation in 2022|40,886|
Investments comprise the following:
1,823 income shares in the Central Board of Finance Investment Fund of which 963 shares are the Fabric expendable endowment fund and 860 shares are the Poor and Aged permanent endowment fund. The market value of these shares at 31 December 2022 was £37,637 (2021:£42,702).
179 COIF Charities Investment Fund, income units which are the J. Bowles permanent endowment fund. The dividends received are paid over to St. John's Wardens Account. The market value of these shares at 31 December 2022 was £3,249 (2021:£3,681).
continued...
Page 27
The Parochial Church Council of Keynsham
|Notes|to the Financial Statements-continued|||
|---|---|---|---|
|for the Year Ended 31 December 2022||||
|**15.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||
|||31.12.22|31.12.21|
|||£|£|
||Other debtors|**11,737**|14,430|
||Gift aid receivable|**9,980**|12,929|
|||**21,717**|27,359|
|**16.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||
|||**31.12.22**|31.12.21|
|||**£**|£|
||Diocesan parish share|**19,795**|18,950|
||Other creditors|**14,486**|11,049|
|||**34,281**|29,999|
|**17.**|**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**|||
|||**31.12.22**|31.12.21|
|||**£**|£|
||Other creditors|**58,226**|63,075|
During 2017 the loan repayment date was extended from 31 December 2020 to 31 December 2034. Interest is payable at 2% above variable Bank of England base rate and is charged annually in arrears. The interest may be settled or added to the capital balance outstanding. Although the loan term is until 31 December 2034, the trustees intend to repay the loan as soon as possible.
continued...
Page 28
The Parochial Church Council of Keynsham
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
## **18. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
Mission worldwide (PCC)
Kidzone (SJ)
Sidmouth parish weekend (PCC)
Keynsham parish ministry (PCC)
Keynsham parish development (PCC)
Lee Abbey (PCC)
Reserve fund (SF)
Fabric fund (QC)
Growing leaders course (PCC)
Legacy fund (SJ)
Capital assets fund (PCC)
Holiday at home (PCC)
**Restricted funds**
Kitchen equipment fund (SJ)
Fabric and equipment fund (SJ)
Choir fund (SJ)
Outreach fund (SJ)
Organ fund (SJ)
Harvest supper (QC, CK)
Music & worship fund (SJ)
Fabric fund (St M, B)
Boiler/Property fund (QC)
New door fund (CK)
Clock Gilding fund (QC)
Church toilet and kitchenette
extension appeal (SM,B)
Bell fund (QC)
Solar panels fund (PCC)
The One Community Trust
Video fund (SF)
CTKS (CK)
Youth Club fund (SF)
Sunday Club (SF)
Church Maintenance fund (CK)
Streaming equipment (SJ)|At 1.1.22
£
**108,729**
**2,935**
**393**
**552**
**483**
**1,020**
**238**
**4,000**
**344**
**194**
**15,249**
**1,138,540**
**667**
**1,273,344**
**1,825**
**1,508**
**867**
**1,207**
**878**
**48**
**254**
**6,295**
**(1,000)**
**(94)**
**20**
**1,245**
**1,701**
**788**
**167,088**
**340**
**357**
**375**
**295**
**852**
**1**|Net
movement
in funds
£
**(4,317)**
**(745)**
**-**
**-**
**5**
**20**
**-**
**-**
**1,727**
**-**
**25,451**
**(17,940)**
**-**
**4,201**
**(2,400)**
**(91)**
**20**
**-**
**-**
**10**
**-**
**-**
**-**
**-**
**-**
**-**
**45**
**(788)**
**(5,660)**
**-**
**-**
**-**
**-**
**-**
**-**|Transfers
between
funds
£
**393**
**-**
**(393)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**575**
**(575)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|
At
31.12.22
£
**104,805**
**2,190**
**-**
**552**
**488**
**1,040**
**238**
**4,000**
**2,071**
**194**
**40,700**
**1,120,600**
**667**
**1,277,545**
**-**
**842**
**887**
**1,207**
**878**
**58**
**254**
**6,295**
**(1,000)**
**(94)**
**20**
**1,245**
**1,746**
**-**
**161,428**
**340**
**357**
**375**
**295**
**852**
**1**|
|---|---|---|---|---|
continued...
Page 29
The Parochial Church Council of Keynsham
## Notes to the Financial Statements - continued
for the Year Ended 31 December 2022
|Music Scholarship fund (SJ)
Tower Lighting fund (SJ)
Bellringers fund (SJ)
**Endowment funds**
P Smith Poor and Aged fund
P Smith Fabric fund
Bowles fund
**TOTAL FUNDS**|**151**
**-**
**-**
**185,001**
**20,140**
**22,562**
**3,681**
**46,383**
**1,504,728**|**-**
**525**
**466**
**(7,873)**
**(2,385)**
**(2,680)**
**(432)**
**(5,497)**
**(9,169)**|**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**151**
**525**
**466**
**177,128**
**17,755**
**19,882**
**3,249**
**40,886**
**1,495,559**|
|---|---|---|---|---|
continued...
Page 30
The Parochial Church Council of Keynsham
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
## **18. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
Mission worldwide (PCC)
Keynsham parish ministry (PCC)
Keynsham parish development (PCC)
Fabric fund (QC)
Legacy fund (SJ)
Capital assets fund (PCC)
**Restricted funds**
Kitchen equipment fund (SJ)
Fabric and equipment fund (SJ)
Choir fund (SJ)
Harvest supper (QC, CK)
Boiler/Property fund (QC)
Bell fund (QC)
Solar panels fund (PCC)
The One Community Trust
Tower Lighting fund (SJ)
Bellringers fund (SJ)
**Endowment funds**
P Smith Poor and Aged fund
P Smith Fabric fund
Bowles fund
**TOTAL FUNDS**|Incoming
resources
£
**360,490**
**2,075**
**5**
**20**
**4,732**
**25,451**
**-**
**392,773**
**500**
**4,333**
**20**
**75**
**173**
**65**
**-**
**-**
**525**
**466**
**6,157**
**528**
**592**
**97**
**1,217**
**400,147**|Resources
expended
£
**(364,807)**
**(2,820)**
**-**
**-**
**(3,005)**
**-**
**(17,940)**
**(388,572)**
**(2,900)**
**(4,424)**
**-**
**(65)**
**(173)**
**(20)**
**(788)**
**(5,660)**
**-**
**-**
**(14,030)**
**(528)**
**(592)**
**(97)**
**(1,217)**
**(403,819)**|Gains and
Movement
losses
in funds
£
£
**-**
**(4,317)**
**-**
**(745)**
**-**
**5**
**-**
**20**
**-**
**1,727**
**-**
**25,451**
**-**
**(17,940)**
**-**
**4,201**
**-**
**(2,400)**
**-**
**(91)**
**-**
**20**
**-**
**10**
**-**
**-**
**-**
**45**
**-**
**(788)**
**-**
**(5,660)**
**-**
**525**
**-**
**466**
**-**
**(7,873)**
**(2,385)**
**(2,385)**
**(2,680)**
**(2,680)**
**(432)**
**(432)**
**(5,497)**
**(5,497)**
**(5,497)**
**(9,169)**|
|---|---|---|---|
continued...
Page 31
The Parochial Church Council of Keynsham
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
## **18. MOVEMENT IN FUNDS - continued**
## **2021 Comparatives for movement in funds**
|**Unrestricted funds**
General fund
Mission worldwide (PCC)
Kidzone (SJ)
Sidmouth parish weekend (PCC)
Keynsham parish ministry (PCC)
750yrs Celebrations fund (SJ)
Keynsham parish development (PCC)
Lee Abbey (PCC)
Reserve fund (SF)
Fabric fund (QC)
Growing leaders course (PCC)
Legacy fund (SJ)
Capital assets fund (PCC)
Holiday at home (PCC)
**Restricted funds**
Kitchen equipment fund (SJ)
Fabric and equipment fund (SJ)
Choir fund (SJ)
Outreach fund (SJ)
Organ fund (SJ)
Building work fund (SJ)
Harvest supper (QC, CK)
Music & worship fund (SJ)
Fabric fund (St M, B)
Boiler/Property fund (QC)
Piano fund (SJ)
New door fund (CK)
Clock Gilding fund (QC)
Church toilet and kitchenette
extension appeal (SM,B)
Bell fund (QC)
Solar panels fund (PCC)
The One Community Trust
Video fund (SF)
CTKS (CK)
Youth Club fund (SF)
Sunday Club (SF)|At 1.1.21
£
104,530
4,516
393
552
483
(20)
1,019
238
4,000
568
194
-
1,156,480
667
1,273,620
1,825
3,125
1,226
1,207
878
200
58
254
6,295
965
300
(94)
20
1,245
1,721
1,576
172,748
340
357
375
295|Net
movement
in funds
£
16,459
(1,581)
-
-
-
-
1
-
-
(224)
-
15,249
(17,940)
-
11,964
-
(13,696)
(359)
-
-
(200)
(10)
-
-
(1,965)
(300)
-
-
-
(20)
(788)
(5,660)
-
-
-
-|Transfers
between
funds
£
(12,260)
-
-
-
-
20
-
-
-
-
-
-
-
-
(12,240)
-
12,079
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|
At
31.12.21
£
108,729
2,935
393
552
483
-
1,020
238
4,000
344
194
15,249
1,138,540
667
1,273,344
1,825
1,508
867
1,207
878
-
48
254
6,295
(1,000)
-
(94)
20
1,245
1,701
788
167,088
340
357
375
295|
|---|---|---|---|---|
continued...
Page 32
The Parochial Church Council of Keynsham
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
|**18.**
**MOVEMENT IN FUNDS - continued**
Church Maintenance fund (CK)
Streaming equipment (SJ)
Music Scholarship fund (SJ)
**Endowment funds**
P Smith Poor and Aged fund
P Smith Fabric fund
Bowles fund
**TOTAL FUNDS**|852
654
73
196,495
17,619
19,729
3,224
40,572
1,510,687|-
(814)
78
(23,734)
2,521
2,833
457
5,811
(5,959)|-
161
-
12,240
-
-
-
-
-|852
1
151
185,001
20,140
22,562
3,681
46,383
1,504,728|
|---|---|---|---|---|
continued...
Page 33
The Parochial Church Council of Keynsham
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
## **18. MOVEMENT IN FUNDS - continued**
2021 Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
Mission worldwide (PCC)
Keynsham parish development (PCC)
Fabric fund (QC)
Legacy fund (SJ)
Capital assets fund (PCC)
**Restricted funds**
Fabric and equipment fund (SJ)
Choir fund (SJ)
Building work fund (SJ)
Harvest supper (QC, CK)
Boiler/Property fund (QC)
Piano fund (SJ)
Bell fund (QC)
Solar panels fund (PCC)
The One Community Trust
Streaming equipment (SJ)
Music Scholarship fund (SJ)
Bells & clock (SJ)
**Endowment funds**
P Smith Poor and Aged fund
P Smith Fabric fund
Bowles fund
**TOTAL FUNDS**|Incoming
resources
£
358,138
12,990
1
1,400
15,249
-
387,778
1,710
299
-
115
-
100
-
-
-
7,885
108
5,279
15,496
511
572
95
1,178
404,452|Resources
expended
£
(341,679)
(14,571)
-
(1,624)
-
(17,940)
(375,814)
(15,406)
(658)
(200)
(125)
(1,965)
(400)
(20)
(788)
(5,660)
(8,699)
(30)
(5,279)
(39,230)
(511)
(572)
(95)
(1,178)
(416,222)|Gains and
Movement
losses
in funds
£
£
-
16,459
-
(1,581)
-
1
-
(224)
-
15,249
-
(17,940)
-
11,964
-
(13,696)
-
(359)
-
(200)
-
(10)
-
(1,965)
-
(300)
-
(20)
-
(788)
-
(5,660)
-
(814)
-
78
-
-
-
(23,734)
2,521
2,521
2,833
2,833
457
457
5,811
5,811
5,811
(5,959)|
|---|---|---|---|
continued...
Page 34
The Parochial Church Council of Keynsham
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
## **19. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 December 2022.
## **20. FUNDS**
## **The unrestricted funds are as follows:**
Mission Worldwide fund - this fund is used by the PCC's Worldwide Mission Committee to make grants to organisations engaged in local, national and international mission.
Kidzone Fund - Kidzone is income generated from Kidzone which will be donated to charities of the childrens' choice.
Sidmouth Parish weekend - monies are saved towards the cost of undertaking, every other year, a weekend in Sidmouth. The funds held will be utilised for any future parish weekend away.
Keynsham Parish Ministry Fund - this fund was set up in 2007 for the creation, provision, maintenance and improvement of ministry and mission. It was funded from legacy money.
The 750 celebrations fund is monies raised during the 750th anniversary of the Church.
Keynsham Parish Development Fund - this fund was set up in 2001 for the purposes of development and enhancement of church buildings in Keynsham Parish to further their service to the parish and wider community. It was funded from part of the proceeds of the sale of the former curate's house (88 Chandag Road).
The Holiday at Home fund makes provision for an event run each summer for the parish by St John's Pastoral Committee to provide an opportunity for persons of restricted mobility to socialise and enjoy seasonal hospitality and excursions.
The St Francis reserve fund is monies set aside for future use.
The St Margaret's Fabric Fund is available for use for the maintenance of the fabric of the church at St Margaret's Queen Charlton.
The Growing Leaders course is funds raised from course attendees to meet the cost of the course, with any surplus available to be used by the PCC for any other purpose.
An unrestricted legacy received by St John's DCC was set aside in earlier years but in 2019 was released back to general funds.
Capital Assets Fund - this fund represents the charity's fixed assets which have been funded from unrestricted funds. Depreciation charged against the assets reduces this fund and the balance on the fund at each year end is equal to the net book value at the year end of the fixed assets which have been funded by unrestricted funds.
## **The restricted funds are as follows:**
continued...
Page 35
The Parochial Church Council of Keynsham
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
## **20. FUNDS - continued**
The Kitchen equipment fund (SJ) is monies received to be spent on various equipment in the St John's hall kitchen.
The Fabric Fund (SJ) contains donations to be used solely for the maintenance of the Fabric of St John's Church.
The Solar Panels fund (PCC) was created to fund the acquisition of additional solar panels for the @One/Parish hall complex.
The Choir fund (SJ) is to be used for the purchase of music and other choir needs e.g. choir vestments.
The Outreach fund (SJ) is to be used to fund outreach projects.
The Organ fund (SJ) is to be used to pay for ongoing repairs and maintenance of the organ.
The Building works fund (SJ) is monies raised towards the cost of church building development works at St Johns.
The Children & Families worker fund is a grant received from the Diocese of Bath & Wells to assist with the cost of employing such a worker.
The Harvest Supper fund is monies raised at Harvest Supper for specific grant giving.
The Music and Worship fund (SJ) is to be used for the support of music, other than the choir.
The Video fund (SF) is to be used for the purpose of acquiring and maintaining video equipment.
The Fabric fund (SM,B) is to be used to fund repairs to, and maintenance of, the Fabric of St Michael's Church, Burnett.
The CTKS fund (CK) is to be used to pay for visiting speakers at the Eco-Services.
The Youth Club fund (SF) is monies received following the closure of a Youth Club and is to be used specifically for young people.
The One Community Trust contains funds raised for the purpose of purchasing and renovating the @One St John's Youth and Community Centre (formerly The Rectory).
The Church Toilet and kitchenette extension fund (SM,B) is funding specifically raised towards the costs of a Church toilet and kitchenette extension at St Michael's Burnett. This work was completed summer 2018.
The Bell fund (QC) has been accumulated by the Bell Ringers over a number of years to be used towards the upkeep of the Bells, Bell Tower and Fabric.
The Sunday Club fund (SF) is used towards the cost of making and filling bags with toys and books to keep children occupied before and after Sunday School activities.
continued...
Page 36
The Parochial Church Council of Keynsham
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
## **20. FUNDS - continued**
The Boiler/property fund (QC) contains funds raised for the purpose of meeting heating and other property costs at Queen Charlton.
The New Door fund (CK) is monies raised towards a new door at St Margarets.
The Clock Gilding fund (QC) is monies raised for that very purpose.
The Church maintenance fund (CK) was the receipt of a legacy which is to be used as a contribution towards the cost of planned work on the roots of a tree next to Chewton Keysham church. In 2019 the donor relaxed the restriction on the use of the funds to enable the remaining balance to be used for general church maintenance.
The Music scholarship fund (SJ) is for supporting chorist and muscians by scholarships.
The Streaming equipment fund (SJ) is to fund the purchase of streaming audio and visual equipment for St John.
The Tower lighting fund (SJ) is to upgrade the external lighting of St John’s church tower.
The Bellringers fund (SJ): Formerly the St John’s bellringers held their funds separately in a separate bank account. They now hold their funds within the St John’s accounts.
## **The endowment funds are as follows:**
The Poor and Aged fund income shall be remitted to the incumbent and churchwardens of Keynsham who shall apply the same among the poor and aged inhabitants residing in the said ecclesiastical parish.
The Fabric fund capital and income shall be held for the incumbent and churchwardens of Keynsham who shall apply the same in or towards the upkeep of the fabric of the parish church of St John the Baptist, Keynsham.
The Bowles fund was shares received from the J Bowles charity, the income from which is paid to the St John's Wardens Account.
Page 37
The Parochial Church Council of Keynsham
Detailed Statement of Financial Activities for the Year Ended 31 December 2022
|Detailed Statement of Financial Activities
for the Year Ended 31 December 2022|||
|---|---|---|
||31.12.22|31.12.21|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|District contribution for Diocese Parish|||
|share|**201,381**|203,341|
|Donations|**31,510**|46,406|
|Gift aid|**54,680**|53,101|
|Legacies|**25,451**|15,249|
|Grants|**2,966**|5,279|
||**315,988**|323,376|
|**Other trading activities**|||
|Fundraising events|**8,429**|7,147|
|Harvest lunches|**2,135**|13,100|
|Use of church facilities|**825**|617|
||**11,389**|20,864|
|**Investment income**|||
|No description|**1,708**|1,211|
|**Other income**|||
|Parish hall and St John's church lettings|**17,587**|15,277|
|Other rents received (SF)|**16,151**|11,751|
|Fees|**23,240**|23,546|
|Office services and other income|**8,552**|322|
|Solar panel rebates (SJ)|**683**|624|
|Government grants for CJRS|**-**|1,200|
|One Community loan repayment|**4,849**|6,281|
||**71,062**|59,001|
|**Total incoming resources**|**400,147**|404,452|
|**EXPENDITURE**|||
|**Charitable activities**|||
|Wages|**21,588**|20,749|
|Light, heat and water|**16,911**|12,486|
|Carried forward|**38,499**|33,235|
This page does not form part of the statutory financial statements
Page 38
The Parochial Church Council of Keynsham
Detailed Statement of Financial Activities for the Year Ended 31 December 2022
|Detailed Statement of Financial Activities
for the Year Ended 31 December 2022|||
|---|---|---|
||31.12.22|31.12.21|
||£|£|
|**Charitable activities**|||
|Brought forward|**38,499**|33,235|
|Insurance|**7,703**|7,256|
|Office equipment|**4,727**|5,958|
|Office consumables|**1,948**|1,803|
|Postage and stationery|**2,950**|1,841|
|Sundries|**6,163**|9,142|
|Diocesan parish share|**174,087**|170,015|
|Fees|**15,573**|16,008|
|Other groups and activities|**1,679**|1,926|
|Youth & Children and Families workers|||
|salary and expenses|**19,536**|16,120|
|Repairs and maintenance (including|||
|churchyard)|**44,844**|57,197|
|Music director and organist (SJ)|**7,765**|16,044|
|Cleaning and caretaking (SJ)|**15,212**|10,306|
|Accountancy and professional fees|**9,000**|7,800|
|Clergy and ministry expenses|**6,016**|3,970|
|Caretaker costs (SF)|**10,189**|9,546|
|Organ, choir and music costs (SF and SJ)|**2,623**|2,898|
|Freehold property|**24,388**|24,388|
|Interest on loan from Diocese of Bath &|||
|Wells|**2,233**|1,408|
|Grants to institutions|**7,467**|18,183|
||**402,602**|415,044|
|**Other**|||
|Endowment fund income paid to St John's|||
|wardens|**1,217**|1,178|
|Total resources expended|**403,819**|416,222|
|**Net income/(expenditure) before gains**|||
|**and losses**|**(3,672)**|(11,770)|
|**Realised recognised gains and losses**|||
|Realised gains/(losses) on fixed asset|||
|investments|**(5,497)**|5,811|
|**Net income/(expenditure)**|**(9,169)**|(5,959)|
This page does not form part of the statutory financial statements
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