PARISH CHURCH OF ST AUGUSTINE OF CANTERBURY THORPE BAY Registered charity number 1128847
ANNUAL REPORT
and
FINANCIAL STATEMENTS
of the
PAROCHIAL CHURCH COUNCIL
FOR THE YEAR ENDED 31st DECEMBER 2022
council chairman
REV DAVE WILLIS
86 Tyrone Road Thorpe Bay Essex SS1 3HB
bankers
BARCLAYS BANK PLC Southend-on-Sea Business Centre
independent examiner
MR GRAHAM LANE FCA
THE PAROCHIAL CHURCH COUNCILST AUGUSTINE OF CANTERBURY THORPE BAY
Registered charity number 1128847
ANNUAL REPORT FOR 2022
BACKGROUND
The St Augustine’s Parochial Church Council (The PCC) is a registered charity which has the responsibility of co-operating with the incumbent in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It also has responsibilities for the nearby Church Hall.
MEMBERSHIP
Members of the PCC are trustees of the charity and are either ex officio or elected by the Annual Parochial Church Council Meeting (APCM) in accordance with the Church Representation Rules. The PCC can also appoint co-opted members.
During the year the following served as members of the PCC –
Incumbent Rev Dave Willis (from September 2022) Warden Mr P Harrison
Deanery Synod Representatives – Lay Canon L Barnard, Mr M Everett, Mrs M Ridley (PCC chairman until September 2022 and secretary).
Elected Members – Mrs B Black, Mrs M Brewer, Dr P Chisnell, Mr J Gray (from May 2022), Mrs P Muzalewski (from May 2022), Mr C Russell (PCC Treasurer), Mr I Stobart, Mr B Wadley-Smith, Mr J Watson.
Co-opted members – Mrs M Dugdale, Mrs K Kindley, Mr M Wilcox (from May to December 2022)
The full PCC met 6 times during the year to deal with general business and once to specifically consider the 2023 family purse. The Standing Committee met as and when required and duly reported to the PCC.
CHURCH ATTENDANCE
At the beginning of the year there were 176 names on the electoral roll of whom 68 were resident in the parish. At 31st December the numbers were 176 and 66. Attendances at all services gradually increased during the year but as yet have not quite reached pre covid levels. Due to lack of leadership volunteers, it was not possible to cater for the children at the parish communion services.
REVIEW OF THE YEAR
( a) Fabric and Furnishings
Other than routine maintenance no major works were carried out during the year.
(b) Church Hall
The hall was in full use during the year and made a healthy contribution to the parish finances.
(1)
(c) Outreach 74and Social
There were few social events during the year. The monthly 100 club continued and raised £740. There were 6 baptisms in 2022 compared to 25 in 2021. There were 10 church funerals and 5 weddings. The bi-monthly magazine is read by a large number of parishioners and others and as well as being a source of information of parish activities made a contribution of £500 to parish finances (2021 - £1005).
(d) Personnel
We were delighted to welcome Rev Dave Willis as our new incumbent in September, and in the same month a few parishioners travelled to witness the induction of our former vicar, Rev Canon Jonathan Collis, to the incumbency of St Botloph, Cambridge. During the interregnum the parish benefitted from the ministry of Canon Stephen Burdett, Canon Michael Ballard, Rev Frank Smith, and Lay Canon Linda Barnard. We are very grateful to all of them for their time and efforts for keeping the parish going during 12 months of interregnum.
(e) Finance
The aftermath of COVID restrictions and spiralling energy costs took their toll of parish finances during 2022. Regular contributions dropped by nearly £10,000 and it was mainly due to church hall income and a timely donation of £10,000 from a parishioner that overall unrestricted income increased by £6,700. Against this expenditure showed an increase of about £12,800. All of this resulted in a deficit of £2,106 in unrestricted funds as against a surplus of £4,032 in 2021. Because of the general decline in the stockmarket during the year the value of our unrestricted investments dropped by £7,110 but nevertheless the unrestricted element of their value is still over £17,000 more than we paid for them. Our available unrestricted funds amounted to £49,461 at the end of the year (£56,126 at the end of 2021). Restricted funds, including the insured value of the church hall (£750,000) amounted to £785,149 (2021 - £787,862).
(f) Reserves
The PCC policy is to transfer one half of any unrestricted legacy received to a contingency fund which is invested in CBF Church of England Investment Fund accumulating shares when such funds are available. At the end of 2022 the PCC held shares to the value of £45,755 (original cost £28,531) in unrestricted funds and further shares to value of £10,602 (original cost £6,596) in the restricted organ restoration fund, £14,259 in the proposed extension fund (original cost £12,250) and £739 (original cost £750) in the youth development fund.
(g) Utilities and Insurance
The parish uses the services of the diocesan energy advisor to ensure that the energy costs of the church and church hall are kept to a minimum. The national energy crisis has affected all churches and St Augustine’s is no exception. The church and hall electricity supply contracts are both with Opus Energy. The church fixed contract expired in 2022 and is now on a variable contract, and the hall contract is for four years expiring in 2023. The hall gas supplier is Pozitive Energy on a variable contract. There is no gas supply to the church. The government energy relief scheme applies to the church electricity and the hall gas. We have applied for a grant under the diocesan energy costs fund and await the outcome.
A comprehensive review of the Church and Hall insurance policies was last carried out in 2016.
ON BEHALF OF THE PCC
REV D A WILLIS (chairman)
(2)
INDEPENDENT EXAMINER’S REPORT TO THE PCC OF ST AUGUSTINE OF CANTERBURY THORPE BAY FOR THE YEAR ENDED 31ST DECEMBER 2022
RESPONSIBILITIES AND BASIS OF REPORT
As the charity trustees 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 Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145 (5) (b) of the Act.
Independent examiner’s statement
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 145 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 requirements 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.
21st April 2023
MR GRAHAM LANE FCA 43, TYRONE ROAD. SOUTHEND-ON-SEA SS1 3HE
(3)
PAROCHIAL CHURCH COUNCIL
ST AUGUSTINE OF CANTERBURY THORPE BAY
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31st DECEMBER 2022
INCOME & EXPENDITURE
| 2021 | 2021 | NOTE | FUNDS RESTRICTED | FUNDS RESTRICTED | TOTAL | TOTAL | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| TOTAL | UNRESTRICTED | FUNDS | FUNDS | |||||||
| INCOMING RESOURCES | ||||||||||
| 116,677 | Voluntary Income | 2(a) | 95,486 | 11,850 | 107,336 | |||||
| 5,581 | Activities for Generating Funds | 2(b) | 5,840 | 5,840 | ||||||
| 22,252 | Income from Church Activities | 2(c) | 33,291 | 33,291 | ||||||
| 3 | Interest Receivable | 2(d) | 32 | 7 | 39 | |||||
| £144,513 | TOTAL INCOMING RESOURCES | £134,649 | **£11,857 ** | £146,506 | ||||||
| RESOURCES EXPENDED | ||||||||||
| 233 | Cost of Generation of Voluntary Income | 3(a) | 135 | 135 | ||||||
| 3,030 | Fundraising Costs | 3(b) | 2,805 | 2,805 | ||||||
| 3,819 | Grants | 3(c) | 75 | 2,596 | 2,671 | |||||
| 130,913 | Church Activities | 3(d) | 133,740 | 9,423 | 143,163 | |||||
| £137,995 | TOTAL RESOURCES EXPENDED | £136,755 | £12,019 | £148,774 | ||||||
| 87,774 | ||||||||||
| £6,518 | NET MOVEMENT IN FUNDS | (£2,106) | (£162) | (£2,268) | ||||||
| 825,653 | BALANCE IN HAND AT 1st JANUARY 2022 | 56,126 | 787,862 | 843,988 | ||||||
| UNREALISED LOSSES ON INVESTMENTS | (4,559) | (2,551) | (7,110) | |||||||
| 11,817 | UNREALISED GAINS ON INVESTMENTS | |||||||||
| 6,518 | NET MOVEMENT IN FUNDS AS ABOVE | (2,106) | (162) | (2,268) | ||||||
| £843,988 | BALANCE IN HAND AT 31st DECEMBER 2022 | £49,461 | 785,149 | £834,610 | ||||||
| 7 |
The notes on pages 6 to 11 form part of these accounts
A full comparative Statement of Financial Activities can be found in note 11
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THE PAROCHIAL CHURCH COUNCIL
ST AUGUSTINE OF CANTERBURY THORPE BAY
BALANCE SHEET AT 31st DECEMBER 2022
| 2021 NOTE £750,000 TANGIBLE FIXED ASSETS 5 CURRENT ASSETS 78,464 Investments at Market Value (cost £48,127) 6 2,922 Debtors & Prepayments 8 1,506 Short Term Cash Deposits 17,392 Cash at Bank and in Hand £100,284 Gross Current Assets £6,296 Creditors - liabilities falling due within a year 9 £93,988 NET CURRENT ASSETS 750,000 Fixed Assets as above £843,988 REPRESENTED AS FOLLOWS Funds 56,126 Unrestricted 787,862 Restricted 10 £843,988 |
£750,000 71,355 2,671 1,518 16,777 £92,321 £7,711 £84,610 750,000 £834,610 49,461 785,149 £834,610 |
|---|---|
| £843,988 | £834,610 |
Approved by the Parochial Church Council on and signed on its behalf
REV D A WILLIS (CHAIRMAN) MARGARET RIDLEY (PCC SECRETARY)
16th January 2023
The notes on pages 6 to 10 form part of these accounts
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THE PAROCHIAL CHURCH COUNCIL
ST AUGUSTINE OF CANTERBURY THORPE BAY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2022
ACCOUNTING POLICIES
The financial statements of the PCC have been prepared under the current Church Accounting Regulations and in accordance with the current Charities SORP 2015.
The financial statements have been prepared under the historic cost convention except for the Church Hall which is shown at the value for insurance purposes. The financial statements include all transactions, assets, and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are informal gatherings of church members.
FUNDS
Restricted Funds represent (a) income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest, and (b) donations or grants received for a specific object, or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of each year is carried forward as a balance on that fund. The PCC does not usually invest separately for each fund.
Unrestricted Funds are general funds which can be used by the PCC for ordinary purposes.
INCOMING RESOURCES
Planned giving, collections and donations are recognised when received. Tax refunds are recognised when the incoming resource to which they relate is received. Grants and legacies are accounted for when the PCC is legally notified as to its entitlement to the amounts due. All other income is recognised when it is receivable. All income is accounted for gross.
RESOURCES USED
Grants and donations are accounted for when paid over or when awarded if the award creates a binding or constructive obligation on the PCC. The diocesan parish share is accounted for when due. Amounts received specifically for missions are dealt with as restricted funds. All other expenditure is recognised when it is incurred and is accounted for gross.
FIXED ASSETS
Consecrated land and buildings are excluded from the accounts in accordance with the Charities Act.
Movable church furnishings held by the vicar and churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the church’s inventory which can be inspected. For anything acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements Subsequently no individual item has cost more than £5,000 so all such expenditure has been written off when incurred. Equipment used in the church and church hall is written off when purchased.
CURRENT ASSETS
Amounts owing to the PCC at 31st December in respect of fees rents or other income are shown as debtors in the balance sheet less provision for any amounts that may prove uncollectible. Short term deposits are sums standing to the credit of the PCC in the Central Board of Finance Church of England Deposit Funds.
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2. INCOMING RESOURCES
|2021
TOTAL
53,696
13,424
5,274
10,426
437
12,833
16,815
3,772
£116,677
440
2,115
3,026
£5,581
17,700
1,973
2,579
£22,252
£3
£144,513|FUNDS RESTRICTED
TOTAL
UNRESTRICTED
FUNDS
FUNDS
2(a) Voluntary Income
Planned giving -
Gift Aid Donations
47,555
47,555
Income Tax recoverable
11,889
11,889
Other planned giving
3,486
3,486
Plate Collections including tax recoveries
14,620
1, 223
15,843
Covid Appeal including tax recoveries
Legacies
1,500
1,500
Sundry Donations including tax recoveries
13,929
8,627
22,556
Grants
2,507
2,000
4,507
£95,486
£11,850
£107,336
TOTAL 2021
£101,299
£15,378
2(b) Activities for Generating Funds
Donations for Use of Church
1,585
1,585
100 Club
1,960
1.960
Other Fundraising**<br>**2,295**<br>**2,295**<br>**£5,840**<br>**£5,840**<br>**TOTAL 2021**<br>**£4,381**<br>**£1,200**<br>**2(c) Income from Church Activities**<br>**Church Hall lettings**<br>**29,016**<br>**29,016**<br>**Magazines (including advertisements)**<br>**1,460**<br>**1,460**<br>**Occasional offices**<br>**2,815**<br>**2,815**<br>**£33,291**<br>**£33,291**<br>**TOTAL 2021**<br>**£22,252**<br>**2(d) Interest**<br>**Interest receivable**<br>**£32**<br>**£7**<br>**£39**<br>**TOTAL 2021**<br>**£3**<br>**TOTAL INCOMING RESOURCES**<br>**£134,649**<br>**£11,857 **<br>**£146,506**<br>**TOTAL 2021**<br>**£127,935**<br>**£16,578**|**FUNDS RESTRICTED**<br>**TOTAL**<br>**UNRESTRICTED**<br>**FUNDS**<br>**FUNDS**<br>**2(a) Voluntary Income**<br>**Planned giving -**<br>**Gift Aid Donations**<br>**47,555**<br>**47,555**<br>**Income Tax recoverable**<br>**11,889**<br>**11,889**<br>**Other planned giving**<br>**3,486**<br>**3,486**<br>**Plate Collections including tax recoveries**<br>**14,620**<br>**1, 223**<br>**15,843**<br>**Covid Appeal including tax recoveries**<br>**Legacies**<br>**1,500**<br>**1,500**<br>**Sundry Donations including tax recoveries**<br>**13,929**<br>**8,627**<br>**22,556**<br>**Grants**<br>**2,507**<br>**2,000**<br>**4,507**<br>**£95,486**<br>**£11,850**<br>**£107,336**<br>**TOTAL 2021**<br>**£101,299**<br>**£15,378**<br>**2(b) Activities for Generating Funds**<br>**Donations for Use of Church**<br>**1,585**<br>**1,585**<br>**100 Club**<br>**1,960**<br>**1.960**<br>**Other Fundraising**<br>**
2,295
2,295
£5,840
£5,840
TOTAL 2021
£4,381
£1,200
2(c) Income from Church Activities
Church Hall lettings
29,016
29,016
Magazines (including advertisements)
1,460
1,460
Occasional offices
2,815
2,815
£33,291
£33,291
TOTAL 2021
£22,252
2(d) Interest
Interest receivable
£32
£7
£39
TOTAL 2021
£3
TOTAL INCOMING RESOURCES
£134,649
£11,857
£146,506
TOTAL 2021
£127,935
£16,578|FUNDS RESTRICTED
TOTAL
UNRESTRICTED
FUNDS
FUNDS
2(a) Voluntary Income
Planned giving -
Gift Aid Donations
47,555
47,555
Income Tax recoverable
11,889
11,889
Other planned giving
3,486
3,486
Plate Collections including tax recoveries
14,620
1, 223
15,843
Covid Appeal including tax recoveries
Legacies
1,500
1,500
Sundry Donations including tax recoveries
13,929
8,627
22,556
Grants
2,507
2,000
4,507
£95,486
£11,850
£107,336
TOTAL 2021
£101,299
£15,378
2(b) Activities for Generating Funds
Donations for Use of Church
1,585
1,585
100 Club
1,960
1.960
Other Fundraising**<br>**2,295**<br>**2,295**<br>**£5,840**<br>**£5,840**<br>**TOTAL 2021**<br>**£4,381**<br>**£1,200**<br>**2(c) Income from Church Activities**<br>**Church Hall lettings**<br>**29,016**<br>**29,016**<br>**Magazines (including advertisements)**<br>**1,460**<br>**1,460**<br>**Occasional offices**<br>**2,815**<br>**2,815**<br>**£33,291**<br>**£33,291**<br>**TOTAL 2021**<br>**£22,252**<br>**2(d) Interest**<br>**Interest receivable**<br>**£32**<br>**£7**<br>**£39**<br>**TOTAL 2021**<br>**£3**<br>**TOTAL INCOMING RESOURCES**<br>**£134,649**<br>**£11,857 **<br>**£146,506**<br>**TOTAL 2021**<br>**£127,935**<br>**£16,578**|
|---|---|---|---|
||**2(b) Activities for Generating Funds**<br>**Donations for Use of Church**<br>**100 Club**<br>**Other Fundraising**<br>**
TOTAL 2021|||
||2(c) Income from Church Activities
Church Hall lettings
Magazines (including advertisements)
Occasional offices
TOTAL 2021|||
||||£33,291
£33,291|
||2(d) Interest
Interest receivable
TOTAL 2021|||
||TOTAL INCOMING RESOURCES
TOTAL 2021|||
|||£134,649
£11,857
£146,506||
(7)
3. RESOURCES EXPENDED
| FUNDS RESTRICTED TOTAL UNRESTRICTED FUNDS FUNDS 3a) Cost of generation of voluntary income Stewardship costs £135 £135 2021 TOTAL £233 3b) Fundraising costs 100 Club costs & prizes 1,220 1,220 Costs of other fundraising 1,585 1,585 £2,805 £2,805 2021 TOTAL £2,070 £960 3c) Grants Missionary and charitable giving – Missionary Societies 100 100 Overseas Relief and Development Agencies 1,149 1,149 Home Missions and other Church Societies 75 238 313 Secular Based Charities 1.109 1,109 Retiring Incumbent £75 £2,596 £2,671 2021 TOTAL £175 £3,644 3(d) Church Activities Ministry - Diocesan quota 89,359 89,359 Incumbent’s expenses 557 557 Assistant clergy costs Vicarage costs 1,729 6,870 8,599 Church & Garden - Running expenses 13,819 2,280 16,099 General repairs & routine maintenance 1,529 1,529 Major repairs & refurbishment Cost of services 2,191 177 2,368 Publicity & Outreach 171 171 Youth & junior Church costs 71 71 Organist and locum 285 285 Parish Magazine Costs 960 960 Church Hall - Running expenses 21,293 21,293 Church Hall - Major repairs & refurbishment Printing, Postage & Stationery 634 634 Subscriptions 110 110 Website 235 235 Church Times Advertisement 798 798 Sundries 70 25 95 £133,740 £9,423 £143,163 2021 TOTAL £121,425 £9,488 TOTAL OUTGOING RESOURCES £136,755 £12,019 £148,774 2021 TOTAL £123,903 £14,092 |
FUNDS RESTRICTED TOTAL UNRESTRICTED FUNDS FUNDS 3a) Cost of generation of voluntary income Stewardship costs £135 £135 2021 TOTAL £233 3b) Fundraising costs 100 Club costs & prizes 1,220 1,220 Costs of other fundraising 1,585 1,585 £2,805 £2,805 2021 TOTAL £2,070 £960 3c) Grants Missionary and charitable giving – Missionary Societies 100 100 Overseas Relief and Development Agencies 1,149 1,149 Home Missions and other Church Societies 75 238 313 Secular Based Charities 1.109 1,109 Retiring Incumbent £75 £2,596 £2,671 2021 TOTAL £175 £3,644 3(d) Church Activities Ministry - Diocesan quota 89,359 89,359 Incumbent’s expenses 557 557 Assistant clergy costs Vicarage costs 1,729 6,870 8,599 Church & Garden - Running expenses 13,819 2,280 16,099 General repairs & routine maintenance 1,529 1,529 Major repairs & refurbishment Cost of services 2,191 177 2,368 Publicity & Outreach 171 171 Youth & junior Church costs 71 71 Organist and locum 285 285 Parish Magazine Costs 960 960 Church Hall - Running expenses 21,293 21,293 Church Hall - Major repairs & refurbishment Printing, Postage & Stationery 634 634 Subscriptions 110 110 Website 235 235 Church Times Advertisement 798 798 Sundries 70 25 95 £133,740 £9,423 £143,163 2021 TOTAL £121,425 £9,488 TOTAL OUTGOING RESOURCES £136,755 £12,019 £148,774 2021 TOTAL £123,903 £14,092 |
|---|---|
| 3b) Fundraising costs 100 Club costs & prizes Costs of other fundraising 2021 TOTAL |
|
| 3c) Grants Missionary and charitable giving – Missionary Societies Overseas Relief and Development Agencies Home Missions and other Church Societies Secular Based Charities Retiring Incumbent 2021 TOTAL |
|
| 3(d) Church Activities Ministry - Diocesan quota Incumbent’s expenses Assistant clergy costs Vicarage costs Church & Garden - Running expenses General repairs & routine maintenance Major repairs & refurbishment Cost of services Publicity & Outreach Youth & junior Church costs Organist and locum Parish Magazine Costs Church Hall - Running expenses Church Hall - Major repairs & refurbishment Printing, Postage & Stationery Subscriptions Website Church Times Advertisement Sundries 2021 TOTAL |
|
| £133,740 £9,423 £143,163 |
|
| TOTAL OUTGOING RESOURCES 2021 TOTAL |
(8)
4. STAFF COSTS
During the year the PCC employed an organist, verger, hall manager, hall caretaker, hall cleaners and church cleaner none of whom earned £10,000 or more. Organist’s fees for weddings and funerals are included in the fees charged to and are paid by those using the service and not the PCC. of the PCC
5. FIXED ASSETS FOR USE BY THE PCC
The tangible fixed assets consist of the Church Hall. Following an insurance review in 2016 the trustees consider that the value of the building on the open market is £750,000. The title is registered at H M Land Registry number EX859582 and the title deeds are held by the diocese.
The church hall fixtures and fittings are written off in the year of purchase.
No other assets originally costing more than £5,000 were held by the PCC at the date of the balance sheet.
6. INVESTMENTS
The investments consist of accumulation shares in CBF Church of England Investment Fund.
| FUNDS RESTRICTED TOTAL UNRESTRICTED FUNDS FUNDS Market value at 1st January 2022 50,313 28,151 78,464 Net Unrealised Losses 4,558 2,551 7,110 Market value at 31st December 2022 £45,755 £25,600 £71,355 Historical Cost 31st December 2022 £28,531 £19,596 £48.127 31st December 2021 £28,531 £19,596 £48,127 7. ANALYSIS OF NET ASSETS BY FUND 2021 FUNDS RESTRICTED TOTAL TOTAL UNRESTRICTED FUNDS FUNDS 750,000 Fixed Assets 750,000 750,000 78,464 Investments (at Market value) 45,755 25,600 71,355 18,898 Cash & Bank Balances 8,729 9,566 18,295 2,922 Debtors & Prepayments 2,664 7 2,671 £850,284 £57,148 £785,173 £842,321 6,296 Current Liabilities 7,687 24 7,711 £843,998 Fund Balances £49,461 £785,149 £834,610 8. DEBTORS 1,158 Income Tax Recoverable 1,390 7 1,397 1,270 Hall Lettings 881 881 Incumbent’s Float 300 300 Charities Trust Vouchers 75 75 52 Contactless donations 442 Prepayments 18 18 £2,922 £2,664 £7 £2,671 |
FUNDS RESTRICTED TOTAL UNRESTRICTED FUNDS FUNDS Market value at 1st January 2022 50,313 28,151 78,464 Net Unrealised Losses 4,558 2,551 7,110 Market value at 31st December 2022 £45,755 £25,600 £71,355 Historical Cost 31st December 2022 £28,531 £19,596 £48.127 31st December 2021 £28,531 £19,596 £48,127 7. ANALYSIS OF NET ASSETS BY FUND 2021 FUNDS RESTRICTED TOTAL TOTAL UNRESTRICTED FUNDS FUNDS 750,000 Fixed Assets 750,000 750,000 78,464 Investments (at Market value) 45,755 25,600 71,355 18,898 Cash & Bank Balances 8,729 9,566 18,295 2,922 Debtors & Prepayments 2,664 7 2,671 £850,284 £57,148 £785,173 £842,321 6,296 Current Liabilities 7,687 24 7,711 £843,998 Fund Balances £49,461 £785,149 £834,610 8. DEBTORS 1,158 Income Tax Recoverable 1,390 7 1,397 1,270 Hall Lettings 881 881 Incumbent’s Float 300 300 Charities Trust Vouchers 75 75 52 Contactless donations 442 Prepayments 18 18 £2,922 £2,664 £7 £2,671 |
|---|---|
| £843,998 | |
| 8. | |
| £2,922 |
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9. LIABILITIES - AMOUNTS FALLING DUE WITHIN ONE YEAR
| 3,197 Accruals and deferred income 3,099 Creditors for goods and services £6,296 |
2,066 2,066 5,621 24 5,645 |
|---|---|
| £6,296 | £7,687 £24 £7,711 |
10. STATEMENT OF FUNDS
| Balance Income | Balance Income | Expenditure | Transfers | Losses | Balance | Balance |
|---|---|---|---|---|---|---|
| 1st January | 31st Dece | mbe | ||||
| 2022 | 2022 | |||||
| Unrestricted | ||||||
| Funds |
£56,126 £134,649 | £136,755 | £4,559 | £49,461 | ||
| Restricted Funds | ||||||
| Church Hall |
750,000 | 750,000 | ||||
| Charities & | ||||||
| Missions |
1 2,595 | 2,595 | 1 | |||
| Churchyard Fund | 1,140 2,000 | 2,280 | 860 | |||
| Fabric Fund |
6,139 7,030 | 6,896 |
6,273 | |||
| Flower Fund |
251 125 | 177 | 199 | |||
| Music Fund |
121 100 | 221 | ||||
| Organ Restoration | ||||||
| Fund | 11,676 | 1,056 | 10,620 | |||
| Proposed | ||||||
| Extension |
17,376 7 | 1,421 | 15,962 | |||
| Youth Activity & | ||||||
| Development |
1,158 | 71 | 74 | 1,013 | ||
| **£787,862£11,857 ** | £12,019 | 0 | **£2,551 ** | £785,149 | ||
| TOTAL FUNDS |
£843,988 £146,506 | £148,774 | 0 | £7,110 | £834,610 |
The restricted funds held by the PCC during the year were as follows –
The Church Hall.
The Organ & Music fund which is used to encourage and support church music at St Augustine’s and local primary schools.
The Mission fund used to support mission work of all types both at home and overseas.
The Flower Fund, Fabric Fund, Organ Restoration Fund, The Churchyard Fund and The Youth Activity & Development Fund, The Proposed Extension Fund. The purpose of these funds is selfevident.
(10)
| PRIOR YEAR | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Balance Income Expenditure | Transfers | Gains | Balance | ||||||
| 1st January | 31st December | ||||||||
| 2021 | 2021 | ||||||||
| Unrestricted | |||||||||
| Funds |
£44,489 £127,935 | £123,903 | £7,605 | £56,126 | |||||
| Restricted Funds | |||||||||
| Church Hall |
750,000 | 750,000 | |||||||
| Charities & | |||||||||
| Missions |
1 1,978 | 1,978 | 1 | ||||||
| Churchyard Fund | 494 2,669 | 2,023 | 1,140 | ||||||
| Fabric Fund |
1,246 6,552 | 4,659 | 6,139 | ||||||
| Flower Fund |
306 50 | 105 | 251 | ||||||
| Music Fund |
121 | 65 | 121 | ||||||
| Organ Restoration | |||||||||
| Fund | 12,792 183 | 3,181 | 1,882 | 11,676 | |||||
| Proposed | |||||||||
| Extension |
15,110 4 | 2,266 | 17,376 | ||||||
| Youth Activity & | |||||||||
| Development |
1,094 | 64 | 1,158 | ||||||
| Gift to Retiring | |||||||||
| Incumbent |
2,146 | 2,146 | |||||||
| £781,164£16,578 | **£14,092 ** | 0 | £4,212 | **£787,862 ** | |||||
| TOTAL FUNDS |
£825,653 £144,513 | £137,995 | 0 | £11,817 | £843,988 | ||||
| 11. COMPARATIVE STATEMENTOF FINANCIAL ACTIVITIES – 2021 | |||||||||
| NOTE | FUNDS RESTRICTED | TOTAL | |||||||
| UNRESTRICTED | FUNDS | FUNDS | |||||||
| INCOMING RESOURCES | |||||||||
| Voluntary Income | 2(a) | 101,299 | 15,378 | 116,677 | |||||
| Activities for Generating Funds | 2(b) | 4,381 | 1,200 | 5,581 | |||||
| Income from Church Activities | 2(c) | 22,252 | 22,252 | ||||||
| Interest Receivable | 2(d) | 3 | 3 | ||||||
| TOTAL INCOMING RESOURCES | £127,935 | £16,578 | £144,513 | ||||||
| RESOURCES EXPENDED | |||||||||
| Cost of Generation of Voluntary Income | 3(a) | 233 | 233 | ||||||
| Fundraising Costs | 3(b) | 2,070 | 960 | 3,030 | |||||
| Grants | 3(c) | 175 | 3,644 | 3,819 | |||||
| Church Activities | 3(d) | 121,425 | 9,488 | 130,913 | |||||
| TOTAL RESOURCES EXPENDED | £123,903 | £14,092 | £137,995 | ||||||
| NET MOVEMENT IN FUNDS | £4,032 | £2,486 | £6,518 | ||||||
| BALANCE IN HAND AT 1st JANUARY 2021 | 44,489 | 781,164 | 825,653 | ||||||
| UNREALISED GAINS ON INVESTMENTS | 7,605 | 4,212 | 11,817 | ||||||
| NET MOVEMENT IN FUNDS AS ABOVE | 4,032 | 2,486 | 6,518 | ||||||
| BALANCE IN HAND AT 31st DECEMBER | 2021 | £56,126 | 787,862 | £843,988 |
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