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2022-12-31-accounts

The Ecclesiastical Parish of St. John the Evangelist, Haydon Wick Registered Charity No: 1128874

ANNUAL REPORT and FINANCIAL STATEMENTS

for the year ended 31[st] December 2022

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The Parish of St. John the Evangelist, Haydon Wick Year ended 31[st] December 2022

Contents

Page(s)
Legal and Administrative information 3
Annual Report 4-11
Independent Examiner’s Report 12
Financial Statements 13
Accounting Policies 14
Notes to the Financial Statements 15 -20

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The Parish of St. John the Evangelist, Haydon Wick Year ended 31[st] December 2022

Legal and Administrative information

Incumbent & Chair of PCC (and correspondence address)

Revd Canon Raymond Adams 54, Furlong Close, Haydon Wick, Swindon, SN25 1QP

Churchwarden

Mrs Sharon Mortimer 17, Helmsdale, Haydon Wick, Swindon, SN25 1PN

Mrs Alison Wiltshire (from 25[th] April 2022) 10, Tatry Road Haydon End, Swindon, SN25 1TG

PCC Secretary

Mrs Sharon Mortimer 17, Helmsdale, Haydon Wick, Swindon, SN25 1PN

PCC Treasurer

Mr James Bennett 77, Britten Road, Redhouse, Swindon, SN25 2HQ

Bankers

CAF Bank Ltd. 25, Kings Hill Avenue, Kings Hill, West Malling, Kent, ME19 4JQ

Independent Examiner

Mr A Coombes FCCA David Owen & Co., 126, High Street, Marlborough, Wiltshire, SN8 1LZ

Governing Document

Church Representation Rules

Registered Charity Number

1128874

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Annual Report of the Parochial Church Council of St. John’s, Haydon Wick, for the year ended 31[st] December 2022

Administrative Information

St. John’s Haydon Wick is situated on Thames Avenue, Haydon Wick, Swindon. It is part of the Diocese of Bristol within the Church of England. The correspondence address is 54 Furlong Close, Haydon Wick, Swindon, SN25 1QP.

Background

The PCC of St John's has the responsibility of co-operating with the Revd. Canon Raymond Adams in promoting the whole mission of the church, whether pastoral, evangelistic, social or ecumenical within the ecclesiastical parish. It also has maintenance responsibilities for the church. The PCC determines parish policy. The elected officers of the PCC who served during 2022 were:

Membership

The Parochial Church Council (PCC) is registered with the Charity Commission. PCC members who have served from 1[st] January 2022 until the date this report was approved are:

Vicar Revd Canon Raymond Adams (Chair) Churchwardens Sharon Mortimer, Alison Wiltshire (from 25[th] April 2022) PCC Secretary Sharon Mortimer

Representatives of the Diocesan Synod

David Tunley (stepped down from PCC in April 2022) Man Kam Simon Robertson

Representatives of the Deanery Synod

Rod Mortimer Sharon Mortimer Dorothy Strowger (from 25[th ] April 2022)

Elected Members

James Bennett Paul Nichol Charmain Tan Tom Vandamme David Williams

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Structure Governance and Management

The method of appointment of PCC members is set out in the Church Representation Rules. All Church attendees are encouraged to register on the Electoral Roll and may then stand for election to the PCC. The maximum number of members elected to PCC is nine.

Standing Committee:

This is the only committee required by law. It has the power to transact the business of the PCC between its meetings, subject to any directions given by the Council. Members of the Standing Committee are:

Raymond Adams Rod Mortimer Sharon Mortimer Alison Wiltshire

Sub-Teams:

In addition to having regular meetings of the whole PCC, PCC has operated using five sub-teams. The five sub-teams have been as follows. Currently the FFG team meets regularly, and the work of the communications team continues (though without formal meetings). PCC also operated with a ‘Covid Recovery Team’ as required during the pandemic.

Electoral Roll :

At the 2022 APCM, there were 173 people on the Electoral Roll. This was a decrease of 7 from 2021’s figure of 180. Fifteen people were removed from the roll because they had either moved away from the Parish, ceased to worship with us or had died, and 8 new members were added to the roll.

The average adult weekly attendance counted during October 2022 was 100. (October 2021 was 77, October 2020 was 29, (the low numbers being due to the nationwide restrictions as they related to church worship, as a result of the COVID 19 Pandemic). October 2019 was 102 and October 2018 was 112).

PCC Review of the Year

The PCC held six meetings during the year - including a brief meeting after the APCM. Meetings were held on:

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Public Benefit Statement:

Public Benefit at Congregational Level:

Public Benefit at Parish Level:

Public Benefit at National and International Level:

Objectives and Activities

Aims in 2022

St John’s chief aim in 2022 was to recover from the effects of Covid 19. In particular, PCC aimed for numerical growth of both adults and children at our in-person services. Our task was also to support those who felt they could not come back to church for health reasons,

Covid 19 had hit our special services, our home groups and our regular ongoing Sunday services. We aimed to restore them, to enable the church to be effective in mission.

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Young people: An effective ministry among young people is a sign of a healthy church. PCC determined to support all age groups, both spiritually and financially, encouraging a second trip to the Trinity Lightship. Our young people would also be given the opportunity of exploring confirmation and baptism by immersion in the autumn.

Hong Kong Welcome Course: The large influx of people from Hong Kong presented the church in Britain with challenges and opportunities. Although most of the Christian arrivals would become members of the Chinese Church, others were willing to join local churches. PCC therefore resolved to become ‘Hong Kong Ready’. Having two Cantonese speakers in the congregation, St John’s was ideally placed to offer a Welcome Course. We determined that we would exploit those opportunities and set out to recruit a team to run them.

The Energy Crisis: Massively increased fuel bills threatened to undermine our financial position. PCC determined to find ways to reduce ongoing fuel costs, and to consider ways of making the church more energy-efficient.

Preparing for the vacancy: After 32 years of ministry in St Johns, Haydon Wick, Canon Raymond Adams will be retiring in March 2023. St John’s does not have any other licensed clergy or laypeople, so we aimed to increase the number of preachers.

PCC aimed to work closely with both Archdeacon of Malmesbury and the Church Pastoral Aid Society in order to prepare for the upcoming vacancy and bringing a new incumbent into the parish.

Diocesan Initiatives: PCC resolved to work closely with the Diocese on the entire Transforming Church. Together programme which will set the diocesan direction for the next few years.

Achievements in 2022

Overview of Church Attendance by Adults and Children

After a disappointing start, Average Sunday Attendance is now beginning to return to where it was in 2019. New members have joined us both for our 9am and 11am services and the church is growing once again.

While attendance at the end of the year was still about 10% lower than in 2019, this compares to an average national decline of 30%.

One of the strongest areas of ministry in St John’s was with young people and, in particular, teenagers. However, looking to the future, we need to sound a note of caution in that our youngest group, Scramblers which caters for children from preschool to Reception, no longer exists.

Special services like Christingle and Seven Lessons and Carols have been re-established as part of our church calendar. Our worship group continues to thrive.

St John’s continues to be an international church, with additional new members joining us from Hong Kong during the year.

Building Faith In Adults and Young People

In common with many churches, the number of people participating in evening events like home groups has declined since Covid. The good news is that a new home group was started during the autumn, but, in comparison with the situation some years ago, numbers are quite low for all groups, apart from the very well-attended Monday afternoon group.

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Homegroups do also meet virtually, this can assist those such as parents with young children.

In order to develop faith and build relationships, 21 young people and their leaders went on a Trinity Lightship Adventure Weekend in October. This required a very substantial financial commitment.

In November, seven young people were baptised by immersion during the morning service, and ten young people confirmed in Malmesbury Abbey following a Youth Alpha course on a Sunday evening.

Church Fabric

Architect : Our architect, Jessica Holland, stepped down from her role 2022 and has been replaced by Annie Evans.

Subsidence: The issues of subsidence which we had been experiencing for some years in the kitchen, lounge and creche, have been successfully resolved and there were no issues during the year.

New Cooker: PCC replaced the church cooker in order to allow us to exercise hospitality more easily.

Energy Crisis: The energy crisis has seen the price of gas and electricity rise dramatically upwards. This has caused us to reduce our weekly consumption of energy.

It has also led us to consider what we might do about reducing expenditure. On the agenda in the future must be:

Evangelism and Outreach

Wider Parish and Diocese

Policies Reviewed

As part of the PCC’s regular assessment of policies and procedures, the following were reviewed:

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High and Low Points of 2022

In summary, the high points of 2022 were:

Disappointments included:

Financial Review

2022 saw St John’s activities recover from the restrictions that the pandemic had imposed in the previous two years.

We are particularly grateful for the financial support that St John’s received during 2022, although overall giving fell by around 8% year on year, this was against a backdrop of a reduction in the size of the congregation and a wider economic climate that has placed pressure on household incomes.

Total General Fund receipts were £131,514 (2021: £133,491) and are detailed in the financial statements.

From the General Fund, £117,438 (2021: £106,877) was spent on providing for ministry from St John’s, including the Diocesan Parish Share of £95,920 (2020: £93,580). The Parish Share largely provides the stipends and housing for clergy in the Diocese. We were very grateful for the grant we received from the Diocese to assist with our higher energy costs (this amounted to £723).

On the General Fund, there was a deficit for the year of £9,464 (2021: surplus of £4,858) after transfers were made to the Mission and Development Funds. Such transfers were in accordance with PCC approval. The balance carried forward on the General Fund at 31[st] December 2022 was £52,532 (2021: £61,996). The deficit was forecast during the year and monitored by PCC – it is the result of a reduction in regular giving levels set against a commitment made to sustain the parish share pledge made in 2021. The General Fund remains above the reserves policy threshold of 4 months’ expenditure and is regularly monitored by the PCC.

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The Mission Fund is allocated 11% of offerings and of the tax recovered on gift-aided giving. Mission fund income and transfers from the General Fund in 2022 were £19,081 (2021: £16,415) demonstrating strong ongoing support for mission at home, overseas, for Christian relief and development agencies and a range of other charities. The fund made mission payments totalling £19,586 during the year (2021: £17,748). The fund is partially restricted (being the surplus carried forward in respect of specific gifts for mission purposes) and partially designated (in respect of unspent amounts transferred from the General Fund). Full details on the balances held are shown in the notes to the financial statements.

The Fabric Fund (the recipient of generous gifts in prior years) has helped St John’s maintain key aspects of the fabric of its building (such as boiler replacement). The fund ended the year with a balance of £8,584 (2021: £3,751). The Fabric Fund received a transfer in of £4,833, being the closing balance on the Rock Café fund (see below). The PCC funded all routine repair costs from the General Fund in 2022.

The Development Fund receives donations from members of the church and a portion of rents paid by the non-church users of the building – this amounted to £4,200 in 2022. £1,526 (2021: £19,476) was drawn from the fund during the year for improvements to the car park and to replacement the church cooker. The fund currently stands at £37,409 (2021: £34,733). The entire balance on the fund is available to meet the cost of future special projects.

The Memorial Fund was set up by the PCC to fund capital projects and to support ministry throughout the parish and has been the recipient of generous gifts since its inception. The fund cannot be used for general running expenses. In 2022 the fund received donations of £230 and was credited with bank interest of £37. The fund did not make any payments in 2022 and ended the year with a balance of £6,435 (2021: £6,168).

The Rock Café’, which has operated for many years on a non-profit making basis, opened the church to members of the community. The Rock Café Committee made the difficult decision to close the Café in the Autumn of 2022. The Committee recommended to the PCC that the closing balance on the fund be made available to support the church building and PCC approved the transfer of remaining Rock Café funds to the Fabric Fund. The Café had incurred a loss of £807 (though after investing in new equipment that will benefit the church’s other ongoing activities. The Café also provided £1,000 of funding to support a young people’s activity weekend.

Pram Club ended 2022 with a balance of £600 (2021: £600). The Club did not meet during 2022 or 2021 and the PCC will consider transferring the remaining funds to the General Fund to support ongoing children’s work in the church.

Reserves Policy

It is PCC policy to maintain a balance a General Fund balance which equates to approximately 4 months’ unrestricted payments to cover emergency situations that may arise from time to time. The General Fund balance of £52,532 equates to a reserve of 4.6 months’ (based on 2022 expenditure levels – ‘expenditure’ includes the transfers that PCC have agreed to support mission payments: 11% of offerings and associated gift aid) and accordingly met the target.

Going Concern

The Trustees consider that the PCC will continue as a going concern for a period of at least 12 months from the date on which these financial statements are approved for the following reasons:

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The Trustees therefore consider it appropriate to adopt the going concern basis of preparation of the accounts, as detailed in note 14 to the financial statements.

Declarations by Trustees

The Trustees declare that in 2022:

As from 1[st ] January 2017, PCC policy has been to pay its staff no less than the Voluntary Living Wage. The Church applied for and received accredited Living Wage status in 2019.

PCC reviews its financial controls on an ongoing basis.

The Trustees further declare that PCC has complied with its duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016, to have due regard to the House of Bishops’ guidance on safeguarding children and vulnerable adults.

Trustees’ Responsibilities

Charity legislation requires the Trustees to prepare statements of account for each financial year. In preparing those statements the Trustees are required:

This report was approved by the Parochial Church Council on 8[th] March 2023.

……………………………………………..

Raymond Adams (Chair of PCC)

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The Parish of St John the Evangelist Year ended 31[st] December 2022

Independent examiner’s report to the Parochial Church Council

I report on the accounts of the charity for the year ended 31[st] December 2022 which are set out on pages 14 to 20.

Respective responsibilities of trustees and examiner

The charity’s PCC is responsible for the preparation of the accounts. The charity’s PCC consider than an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to:

Basis of the independent examiner’s statement

My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts prepared with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeks explanations from you as trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

  1. which gives me reasonable cause to believe that, in any material respect, the requirements:

  2. to keep accounting records in accordance with section 130 of the 2011 Act and

  3. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act

have not been met; or

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

……………………………………………………… Mr A Coombes FCCA David Owen & Co Chartered Accountants 126 High Street Marlborough, Wiltshire SN8 1LZ 15[th] March 2023

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The Parish of St John the Evangelist

Receipts and Payments Account for the year ended 31[st] December 2022

General
Fund		 Designated
Funds		 Restricted
Funds		 Total
2022		 Total
2021
Note(s) £ £ £ £ £
Receipts
Voluntary Income
Offerings and collections 1 91,379 - - 91,379 99,400
Gift aid recovered 19,938 - - 19,938 19,457
Specific gifts 2 - - 230 230 200
Mission gifts 4 - - 6,880 6,880 3,352
111,317 - 7,110 118,427 122,409
Income from investments 3 905 - 37 942 1,101
Income from church activities 5
Rental income 17,567 - - 17,567 12,299
Diocesan grant 723 - - 723 -
Fees and charges 1,002 - - 1,002 1,270
Other income from church activities - 785 - 785 -
19,292 785 - 20,077 13,569
Total receipts 131,514 785 7,147 139,446 137,079
Payments
Activities directly relating to the work of the
church		 6 117,438 3,118 - 120,556 126,466
Mission gifts 4 - 12,239 7,347 19,586 17,748
Church management and administration 7 7,139 - - 7,139 5,003
Total payments 124,577 15,357 7,347 147,281 149,217
Net Receipts / (Payments) **6,937 ** (14,572) (200) (7,835) (12,138)
Transfers between funds 8 (16,401) 16,401 - - -
Net movement in funds 8 (9,464) 1,829 (200) (7,835) (12,138)
Opening fund balances at 1st January 8 61,996 50,710 8,208 120.914 133,052
Closing fund balances at 31st December 8 52,532 52,539 8,008 113,079 120,914

Statement of Assets and Liabilities as at 31[st] December 2022

General Designated Designated
Restricted		 Total Total
Fund Funds Funds
Funds		 2022 2021
£ £ £
£		 £ £
Bank current accounts 3,303 - -
-		 3,303 5,694
Bank deposit accounts 49,129 52,539 52,539
8,008		 109,676 115,090
Cash in hand 100 - -
-		 100 130
Total monetary assets 52,532 52,539 52,539
8,008		 113,079 120,914

The financial statements, accounting policies and notes, contained on pages 14-20 were approved by the Parochial Church Council on 8[th] March 2023.

……………………………………………………………… Raymond Adams (Chair of the PCC)

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The Parish of St. John the Evangelist, Haydon Wick

Year ended 31[st] December 2022

Accounting Policies

Basis of Preparation

The financial statements have been prepared on a going concern basis and in accordance with Section 133 of the Charities Act 2011 and comprise:

Fund Accounting

General funds are unrestricted funds that are available for use at the discretion of the trustees (PCC members) in furtherance of the general objectives of the charity and that have not been designated for other purposes.

Designated funds are unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements and the financial review.

Restricted funds are funds that are to be used in accordance with specific restrictions imposed by donors or that have been raised by the charity for particular purposes. The cost of raising and administering such funds is charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements and the financial review.

Any balance remaining unspent at the end of each year must be carried forward as a balance on that fund. The PCC does not usually invest separately for each fund. Where there is no separate investment, investment is apportioned to individual funds on an average balance basis.

Tangible Fixed Assets

Consecrated and benefice property of any kind is not included in the accounts as permitted under s.10(2) of the Charities Act 2011.

Moveable 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 at any reasonable time.

Tangible fixed assets purchased for £1,000 or more in the last five years are listed in the Statement of Assets and Liabilities on page 20 of the Report and Financial Statements.

Accordingly, any expenditure on tangible fixed assets is shown under capital expenditure in the receipts and payments account.

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The Parish of St. John the Evangelist, Haydon Wick

Year ended 31[st] December 2022

Notes to the Financial Statements

1 Collections and Offerings

2022 2021
£ £
Planned giving 88,924 92,847
Cash collections and one-off gifts 2,455 6,553
91,379 99,400

St John’s claims Gift Aid on regular giving where the individual has provided a signed gift aid declaration as a UK taxpayer. St John’s also claims gift aid on small value donations as permitted by HMRC’s Gift Aid Small Donations Scheme (GASDS).

During the year St John’s recovered £19,938 in Gift Aid that was credited to the General Fund. Other restricted gifts attracted £240. This represents gift aid claims submitted in respect of the period to 5[th] April 2022.

Details of gift aid claims to be submitted in respect of the period 6[th] April – 31[st] December 2022 are set out in Note 9.

Gift aid attributable to general fund receipts is applied to the General Fund. Any gift aid arising on specific gifts is credited to the relevant fund (Mission, Fabric, Memorial, Rock Café or Pram Club).

2 Specific Gifts

During the year, specific gifts were given by members of the congregation and others to:

During the year, specific gifts were given by members of the congregation and
others to:		 During the year, specific gifts were given by members of the congregation and
2022 2021
£ £
Memorial Fund 230 200
230 200
3 Investment Income
2022 2021
£ £
Bank interest 942 1,101

Bank interest arising on designated funds is made available to the General Fund. Restricted funds held on deposit receive a portion of bank interest received based on the average value of the funds held during the year.

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4 Mission Funds

Balance at Total Total Transfers PCC Balance at
1st Jan receipts payments Allocation 31st Dec
2022 2022
£ £ £ £ £ £
Mission - Overseas:
Open Doors 374 - (1,783) - 1,743 334
Mercy Ships 864 - (1,783) - 1,743 824
Jars of Grace 1,356 1,515 (1,101) (1,435) - 335
Disaster Relief - 960 (960) - - -
Luweero and Uganda 909 2,324 (5,085) 1,435 1,743 1,326
3,503 4,799 (10,712) - 5,229 2,819
Mission – Home:
Church Pastoral Aid Society 374 - (1,783) - 1,743 334
Challengers Youth Weekend 190 1,787 (2,687) 1,000 - 290
Shine Pinehurst - - (704) - 871 167
Swindon Youth for Christ 187 - (891) - 872 168
751 1,787 (6,065) 1,000 3,486 959
Christian Relief & other charities:
Swindon Pregnancy Choices 187 - (891) - 872 168
Swindon Food Collective 187 100 (991) - 871 167
Breast Cancer Research - 35 (35) - - -
TWIGS - 159 (115) - - 44
Willows Trust 187 - (702) - 515 -
561 294 (2,734) - 2,258 379
Unspent general fund allocations 2,195 - (75) - 1,228 3,348
Total 7,010 6,880 (19,586) 1,000 12,201 7,505
Represented by:
Designated funds 5,932
Restricted funds 1,573
Total 7,505

The PCC has approved a policy of designating 11% of General Fund collections and offerings to mission work. These sums are allocated to a range of beneficiaries – the allocation is shown in the ‘PCC allocation’ column.

Mission funds are typically paid quarterly to beneficiaries. Funds collected for Uganda and Tearfund (via the Jars of Grace Appeal) are paid over annually. The Jar of Grace appeal supports Uganda and Tear Fund equally.

Disaster Relief support represents the congregation’s giving to the Disasters Emergency Committee appeals for the war in Ukraine and the floods in Pakistan.

PCC are grateful for the support of St Francis Church of England Primary School who through their own fundraising efforts contributed £2,200 to significantly augment St John’s gifts to Uganda.

Any unspent allocation of General Fund money represents designated funds. All monies given directly by donors for the above missions have been treated as restricted funding.

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5 Other income from Church activities

2022 2022 2022
2021		 2021
£ £
Rental income 17,567 12,299
Grant from the Diocese of Bristol for church fuel costs 723 -
Fees and charges 1,002 1,270
Other income from church activities (Rock Café) 785 -
20,077 13,569

Fees and charges relate to the charges levied for services at the Church as laid down by the Diocese net of sums paid over to the Diocese, leaving the fees attributable to St John’s.

6 Activities directly relating the work of the Church

2022 2021
£ £
Parish Share 95,920 93,580
Church running expenses 12,167 4,848
Cost of services 1,803 1,639
Rock café running costs 1,592 -
Postage, telephone and travel costs 2,199 2,154
Building maintenance 5,035 22,412
Events and refreshments 555 179
Memorials - 115
Sunday school 790 337
Courses and publications 495 179
Capital expenditure - 1,025
120,556 126,468

7 Church Management and Administration

2022 2021
£ £
Printing and stationery 963 644
Parish administrators’ salaries 5,219 3,425
Accountants’ fees 870 834
Bank charges 87 100
7,139 5,003

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8 Analysis of Funds

Movements in church funds are shown below, the purpose of each fund and the policies set out by the PCC in respect of each fund’s management is provided in the Financial Review on page 9.

Balance Total Total Net receipts/ Transfers Balance at
at 1st Jan receipts payments (payments) 31st Dec
2022 2022
£ £ £ £ £ £
General Fund 61,996 131,514 (124,577) 6,937 (16,401) 52,532
Designated funds:
Mission fund 4,970 - (12,239) (12,239) 13,201 5,932
Development fund 34,735 - (1,526) (1,526) 4,200 37,409
Fabric Fund 3,751 - - - 4,833 8,584
Rock Café Fund 6,640 785 (1,592) (807) (5,833) -
Pram Club Fund 600 - - - - 600
House Party Fund 14 - - - - 14
50,710 785 (15,357) (14,572) 16,401 52,539
Restricted funds:
Mission fund 2,040 6,880 (7,347) (467) - 1,573
Memorial fund 6,168 267 - 267 - 6,435
8,208 7,147 (7,347) (200) - 8,008
Total funds 120,914 139,446 (147,281) (7,835) - 113,079

Transfers from the General Fund, approved by the PCC, comprise:

General Mission Fund Development Total Total
Fund Fund Designated Funds
Funds
£ £ £ £ £
To support mission work (12,201) 12,201 - - -
To provide for special projects (4,200) - 4,200 - -
Total transfers (16,401) 12,201 4,200 - -

The PCC have approved that:

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9 Other Monetary Assets

St John’s Church has calculated its entitlement to Gift Aid in respect of offerings, collections and gifts received in the year. These amounts will be claimed in April 2023 and will be available as follows:

2022 2021
£ £
General Fund 13,370 14,363
Mission Fund (restricted) 106 144
Total 13,476 14,507

10 Endowment Investments

St John’s Church benefits from the Jack Richards Endowment Fund which is held on special trust as a permanent endowment such that only the income may be spent. Income arising on the fund is made available on a restricted basis for the fabric fund. The endowment is held in 594 Central Board of Finance Fixed Interest Security Shares and the market value of the holdings as at 31[st] December 2022 was £811 (2021: £941).

11 Tangible Fixed Assets

As set out in the accounting policies (see page 14) consecrated and benefice property of any kind is not included in the accounts as permitted under s.10(2) of the Charities Act 2011.

Moveable 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 at any reasonable time.

Tangible fixed assets purchased for £1,000 or more in the last five years include:

£
Baptistry and Holy Communion Table 1,605
Colour Photocopier 3,234

12 Liabilities and Creditors

There were no liabilities and creditors as at 31[st] December 2022.

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13 Remuneration of Trustees

The Trustees neither received nor waived any emoluments during the year (2021: £nil). Mrs S Mortimer (Churchwarden) received a net wage of £4,662 during 2022 (2021: net wage of £3,425) in relation to her work in the capacity of Parish Administrator. This is incorporated in within total parish administrators’ salaries in Note 7.

In total 4 Trustees (2021: 2) were reimbursed for travel, subsistence and out of pocket expenses totalling £4,553 (2021: £2,355)

14 Going Concern

The Trustees have reviewed the anticipated financial position of the PCC for a period of at least twelve months from the date of approval of the financial statements and concluded that there is no material uncertainty regarding the PCC's ability to meet its liabilities as they fall due, and to continue as a going concern.