PAROCHIAL CHURCH COUNCIL OF ST. ANDREW’S CHURCH, BURNHAM-ON-SEA - (Charity No 1128895)
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ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
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PAROCHCIAL CHURCH COUNCIL OF ST. ANDREW’S CHURCH, BURNHAM-ON-SEA PAGE 1 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
INCUMBENT
Prebendary Graham Witts M.A. B.Ed. (Retired 8 September 2022) The Vicarage 38 Rectory Road BURNHAM-ON-SEA Somerset
Parish currently in vacancy
BANKERS
Lloyds Bank BURNHAM-ON-SEA Somerset
INDEPENDENT EXAMINERS
Westcotts Chartered Accountants 80 Oxford Street BURNHAM-ON-SEA Somerset TA8 1EF
BACKGROUND
St Andrew’s PCC has the responsibility of co-operating with the incumbent, and following his retirement, directly with the Diocese of bath and Wells, of promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It also has maintenance responsibilities for the Church of St Andrew and the Church Hall, Burnham-on-Sea.
MEMBERSHIP
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Members of the PCC are either ex officio or elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representative Rules 1972.
During the year the following served as members of the PCC:
| Incumbent/Chairman | PrebendaryGraham Witts (retired—chairpassed tochurchwardens) |
|---|---|
| Associate Vicar | Revd Sharon Eldergill |
| Associate Curate | Revd Margaret Hayward (transferred outofparish 25 December2022) |
| Wardens | Mrs PatriciaComer (Laychair) |
| MrDavidCarter |
Representatives of the Deanery Synod Mrs Jane Kendall
Elected Members
Deputy Churchwardens
Mr John Page Mrs Sonia Scott Mrs Julia Smith Mrs Dee Cornish Mrs Avril Shepherd Mrs Pat Grimes Mrs Julia Arthur Ms Annemarie Sampson Mrs Penny Thompson Mrs Francesca Bowkett
Mrs Jane Kendall (secretary & Safeguarding Officer)
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PAROCHIAL CHURCH COUNCIL OF ST. ANDREW’S CHURCH, BURNHAM-ON-SEA PAGE 2 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
Financial Advisor and Consultant
Mr Nigel Kemp of Kemp Hall Accountants
Readers: Mr J Page Mr A Roost
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COMMITTEES
Standing Committee
This is the only statutory committee required by law. It has the power to transact business for the PCC between meetings. It has a ceiling of £500 expenditure between meetings without reference to ’ the full PCC. The Standing Committee sets the agenda for the PCC.
Bulidings Committee
The PCC acts as a whole for this purpose. It oversees the maintenance of the Church plant and its good order. This includes the Church, the Church Hail and Shed, & 6 Jaycroft Road.
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Ministry Committee
Involves the Clergy, retired Clergy and Readers as well as the Churchwardens. Oversees the arrangements for the rotas for ministry. It offers ideas and strategies for mission and ministry within the parish.
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Social Committee
Oversees the very successful programme of fundraising and social events throughout the year. Many evenis occurred in church in line with our philosophy to make the building more usable.
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PAROCHIAL CHURCH COUNCIL OF ST. ANDREW’S CHURCH, BURNHAM-ON-SEA ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
PAGE 3
CHURCH ATTENDANCE
There are 108 names on the Electoral Roll as presented to the 2022 APCM.
Several members have died or moved since this time.
Annual communicants 2022 — 4,914 2021 -- 3,217 (communicants)
Church returned to normal opening hours with continuing controls as directed by HM Government and Church of England.
Occasional Offices
Baptisms 18 Confirmation 0. Weddings 1
Weddings
Funerals and Cremations from the Parish (for which an Anglican priest was required) 53
The full PCC met in person on 11 occasions. The parish continues to enjoy good relations with the other Churches in the town. The parish participates fully within the Deanery.
SIGNIFICANT EVENTS IN THE LIFE OF THE CHURCH 2022
Reverend Prebendary Graham Witts retired in September 2022 after 19 years as our incumbent. The church is currently in Vacancy. Reverend Margaret Hayward also transferred out of our parish on Christmas Day so that she could work in a parish closer to her home and her husband. The PCC is very grateful to our associate vicar and retired clergy for sustaining our full complement of services, in particular during the busy Christmas period, as well as leading funerals and other family events.
Covid 19 continued to have its effects on pur operations. The Church gradually returned to normal operating hours, although we retained some controls such as offering sacrament in single kind (that is, bread only), social distancing and sanitiser, all following Government and Church of England guidelines. Home worship and visits were able to resume.
The congregation has throughout the year maintained generous support financially, for which the PCC is very thankful. Increased freedoms enabled church hall use to increase to previous levels, and fund raising events were held once more, all having a beneficial effect on the accounts. However, we did not pay our parish share in full to ensure that we maintained a healthy financial position. We resumed formal disbursements in 2022, as well as the congregation’s support of the Children’s Society, Mission to Seafarers, Christian Aid and a number of one-off payments to DEC appeals.
Architectural and survey work was undertaken on projects to improve church toilet facilities, install a memorial garden and make improvements to the church hall, hopefully with the aid of a grant. These projects are planned to continue in 2023.
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PAROCHIAL CHURCH COUNCIL OF ST. ANDREW’S CHURCH, BURNHAM-ON-SEA ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
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GENERAL FINANCIAL STATEMENT
A solid financial position has been sustained in readiness for rising costs and planned projects in 2023.
FABRIC FUND
This account, previously referred to as the Restoration Fund, is used to fund work on the fabric of the church. Funds are kept separately from the general accounts.
RISK MANAGEMENT
The major risks faced by the charity have been addressed. There is an ongoing brief by the PCC to monitor our financial stability.
Finally, our thanks go to Westcotts for overseeing our annual financial examination.
ON BEHALF OF THE PCC
Eb. Compl l | ite, Mrs Patricla Comer Mr David Carter Lay Chair Churchwarden
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DATED:
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INDEPENDENT EXAMINER’S REPORT TO THE PAROCHIAL CHURCH COUNCIL OF ST. ANDREW’S CHURCH, BURNHAM-ON-SEA
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| report on the accounts for the year ended 31** December 2022 which are set out on pages 6 to15
Respective responsibllities of the Trustees and independent Examiner
As trustees of the charity, the members of the PCC are responsible for the preparation of the accounts. They consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
Examine the accounts under section 145 of the 2011 Act;
Follow the procedures laid down in the General Directions given by the Charity Commissioners section 145(5)(b) of the 2011 Act; and
State whether particular matters have come to my attention.
Basis of 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 presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the management committee concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in a full audit, and consequently | do not express an audit opinion on the accounts.
independent Examiner's Statement
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements
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to keep accounting records in accordance with section 130 of the 2011 Act; or
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to prepare accounts which accord with these accounting records have not been met; or
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(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
WESTCOTTS CHARTERED ACCOUNTANTS 80 OXFORD STREET BURNHAM-ON-SEA SOMERSET TA8 1EF
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PAROCHIAL CHURCH COUNCIL OF ST. ANDREW’S CHURCH, BURNHAN-ON-SEA STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022
| See | Unresiricted | Designated | Restricted | Total | Funds | ||
|---|---|---|---|---|---|---|---|
| Note | Funds | Funds | Funds | 2022 | 2021 | ||
| £ | £ | £ | £ | £ | |||
| Incoming Resources | |||||||
| Voluntaryincome: | |||||||
| Incoming resources from donors | 2(a) | 57,124 | - | - | 57,124 | 68,305 | |
| Other voluntary incoming resources | 2(b) | 2,055 | - | - | 2,055 | 2,166 | |
| Activities forgenerating funds | 2(c) | 18,537 | 13,236 | - | 31,773 | 9,480 | |
| Charitable activities | 2(d) | 12,066 | - | - | 12,066 | 13,709 | |
| Income from investments | 2(e) | 11,722 | - | - | 11,722 | 10,410 | |
| Edithmead Church | 2(f) | 671 | - | - | 671 | - | |
| Total Incoming Resources | 102,175 | 13,236 | = | 415,411 | 104,070 | ||
| Resources Expended | |||||||
| Fundraising trading: | |||||||
| Charitable activities | 3(a) | 1,601 | - | - | 1,601 | 940 | |
| Benefactions | 3(b) | 1,850 | - | - | 1,850 | 905 | |
| Activities directly relating to the | |||||||
| work ofthe church Support costs |
3(c) 3(d) |
57,064 6,504 |
2,500 - |
- - |
59,564 6,504 |
65,213 4,843 |
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| Other resources expended | 3(e) | 4,291 | 6,696 | - | 10,986 | 650 | |
| Edithmead Church | 3(f) | 2,236 | - | - | 2,236 | - | |
| ————o | ————————— | --————_— | — | ||||
| Total Resources Expended | 73,546 | 9,196 | - | 82,742 | 93,631 | ||
| Net (Outgoing)/Incoming Resources | 28,629 | 4,040 | - | 32,669 | 31,519 | ||
| Balances broughtforward at | ° | ||||||
| 1 January2022 | 35,131 | 1,371 | 112,680 | 149,182 | 117,663 | ||
| Balances carried forward at | |||||||
| 31December2022 | 63,761 | 5,412 | 112,680 | 181,851 | 149,182 |
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PAROCHIAL CHURCH COUNCIL OF ST. ANDREW’S CHURCH, BURNHAM-ON-SEA PAGE 7 BALANCE SHEET AT 31 DECEMBER 2022
| See Note |
2022 | 2021 | . | ||||
|---|---|---|---|---|---|---|---|
| £ | £ | £ | £ | ||||
| FIXEDASSETS | |||||||
| Furnishings, fittings and equipment | 5 | 2,827 | 3,205 | ||||
| Investment asset | 5 | 8,510 | 8,510 | ||||
| Investment | 6 | 1,000 | 1,000 | ||||
| 12,337 | 12,715 | ||||||
| CURRENTASSETS | |||||||
| Stock of heating oil | 300 | 300 | |||||
| Debtors | 8 | 7,247 | 2,644 | ||||
| Cash at bank and in hand | 163,950 | 133,893 | |||||
| 171,497 | 136,837 | ||||||
| LIABILITIES | |||||||
| Amounts falling due within one year | 9 | 1,952 | 340 | ||||
| Hail key deposits | 30 | 30 | |||||
| NETCURRENTASSETS | 169,515 | 136,467 | |||||
| ae | _ | ||||||
| NETASSETS | 181,852 | 149,182 | |||||
| FUNDS | 7, | ||||||
| Unrestricted | 63,760 | 35,131 | |||||
| Designated | 5,412 | 1,371 | |||||
| Restricted | 112,680 | 112,680 | |||||
| 181,852 | 149,182 |
Approved by the Parochial Church Council on
and signed on its behalf by:
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MRS P C COMER
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The notes on pages 8 to 15 form part of these accounts.
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PAROCHIAL CHURCH COUNCIL OF ST. ANDREW’S CHURCH, BURNHAM-ON-SEA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
- ACCOUNTING POLICIES
(a) Basis of accounting
These financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCS, together with applicable accounting standards and the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP 2005).
- (b) General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted.
Restricted funds are those funds that must be spent on restricted purposes and details of the funds held and restrictions are provided in note 7.
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The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the financial statements of church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members.
(c) Incoming Resources
Donations, legacies and similar incoming resources
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These are included in the Statement of Financial Activities (SOFA) when:
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e the charity becomes entitled to the donation, legacy or similar income and any conditions for receipt are met;
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e the trustees are reasonably certain they will receive it; and
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- e the trustees are reasonably certain that the value can be reliably measured.
Tax reclaims on donations and gifts
Incoming resources from tax claims are included in the SOFA at the same time as the gift to which they relate. :
Incoming resources from fund-raising
These are reported gross in the SOFA.
Gifts in kind for sale or distribution
These are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised.
Gifts In kind for use by the charity
These are included in the SOFA as incoming resources when receivable.
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PAROCHIAL CHURCH COUNCIL OF ST. ANDREW’S CHURCH, BURNHAM-ON-SEA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
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1. ACCOUNTING POLICIES (CONTINUED)
Intangible income (for example: donated facilities)
This is only included in incoming resources (with an equivalent amount in resources expended) where another party is bearing the financial cost of the resources supplied and the benefit is quantifiable, receivable and material. Intangible income is valued at the lower of the cost borne by the party bearing the cost and a reasonable estimate of the value of the donation to the charity.
(d) Volunteer help
The value of any voluntary help received is not included in the accounts but is described in the annual report.
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(e}) Resources Expended
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Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC. The diocesan parish share is accounted for when due. Amounts received specifically for mission are dealt with as restricted funds. All other expenditure is general recognised when it is incurred and is accounted for gross.
(f) Assets
Consecrated property and movable church furnishings
Consecrated and beneficed property of any kind is excluded from the financial statements by s.10(2)(a) of the Charities Act 2011.
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Movable church furnishings held by the vicar and churchwardens on special trust for the PCC and which require a faculty for disposal are accounted for as inalienable property unless consecrated. They are listed in the Church’s inventory, which can be inspected (at any reasonable time). For inalienable property acquired prior to 2004 there is insufficient cost information available and therefore such assets are not valued in the financial statements. Items acquired since 1 January 2004 have been capitalized and depreciated in the financial statements over their current anticipated useful economic life on a reducing balance basis.
All expenditure incurred in the year on consecrated or beneficed buildings, individual items under £250 or on the repairs of movable church furnishings acquired before 1 January 2004 is written off.
Tangible fixed assets for use by the charity
These are capitalised if they can be used for more than one year, and cost at least £250. They are valued at cost or a reasonable value on receipt. The charity does not have a policy of revaluation. Prior to 1 January 2004, the cost was written off to Income and Expenditure account.
Investments
These are shown at original cost of investment
(g) Rental Income
Rental income from the letting of the church hall is recognised when the rental is due.
PAROCHIAL CHURCH COUNCIL OF ST. ANDREW’S CHURCH, BURNHAM-ON-SEA PAGE 10 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
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1. ACCOUNTING POLICIES (CONTINUED)
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:-
Furnishings, fittings and equipment - 25% per annum on a reducing balance basis
Stocks and work In progress
These are valued at the lower of cost or market value.
- INCOMING RESOURCES
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|---|---|---|---|---|---|---|---|---|---|
|Unrestricted|Designated|Restricted|Total|Funds|
|Funds|Funds|Funds|2022|2021|
|)|£|£|£|£|£|
|(a)|Incoming|resources|from|donors|
|Covenanted|and|gift|aided|giving|37,045|-|-|37,045|41,360|
|Income|tax|recoverable|7,569|-|-|7,569|7,826|
|Uncovenanted|planned|giving|3,455|-|-|3,455|4,369|
|Legacy|-|-|-|-|10,000|
|Collections|at services:--|
|Cash|collections|9,055|-|-|9,055|4,750|
|57,124|-|-|57,124|68,305|
|(b)|Other voluntary|incoming|resources|
|Gift days|and sundry donations:|
|Choir|fund|‘|-|-|-|-|180|
|Donations|to|Church|2,055|-|-|2,055|1,986|
|2,055|-|-|2,055|2,166|
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PAROCHIAL CHURCH COUNCIL OF ST. ANDREW’S CHURCH, BURNHAM-ON-SEA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
PAGE 11
| Unrestricted | Unrestricted | Designated | Restricted | Total | Funds | ||
|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2022 | 2021 | |||
| (c) | Activities forgenerating funds | ||||||
| Church hall lettings | 13,848 | - | - | 13,848 | 6,568 | ||
| Non-charitable trading | |||||||
| Other | 2,165 | -13,236 | - | 15,401 | 763 | ||
| Book of Remembrance | 42 | - | - | 42 | 51 | ||
| Coffee ladies | 1,382 | - | - | 1,382 | 508 | ||
| Fund raising — Wall Safe | 1,100 | - | - | 1,100 | 465 | ||
| 50/50 club | - | - | - | - | 1,125 | ||
| 18,537 | 13,236 | - | 31,773 | 9,480 | |||
| (d) | Incoming resources from charitable activities: |
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| Charitableandancilliary trading: | |||||||
| Bookstall | - | - | - | - | - | ||
| Magazine advertisements and sales | - | - | - | - | 563 | ||
| PCC fees | 12,066 | - | - | 12,066 | 13,146 | ||
| 12,066 | - | - | 12,066 | 13,709 | |||
| er | == | = | |||||
| (e) | Incomefrom investments | ||||||
| _ | |||||||
| Rent receivable from properties | 11,722 | - | ~ | 11,722 | 10,410 | ||
| * | 11,722 | - | - | 11,722 | 10,410 | ||
| (f) | Edithmead Church | ||||||
| Income | - | - | - | - | - | ||
| Gift Aid | 671 | - | - | 671 | - | ||
| 671 | - | - | 671 | - | |||
| TotalIncomingResources | 102,175 | 13,236 | - | 115,411 | 104,070 |
PAROCHIAL CHURCH COUNCIL OF ST. ANDREW’S CHURCH, BURNHAM-ON-SEA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
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PAGE 12
| 3. | RESOURCES EXPENDED | RESOURCES EXPENDED | ||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Designated | Restricted | Total | Funds | ||||
| Funds | Funds | Funds | 2022 | 2021 | ||||
| £ | £ | £ | £ | £ | ||||
| (a) | Fund raising trading | |||||||
| Fund raising expenses | 1,601 | - | - | 1,601 | 940 | |||
| (b) | Benefactions | |||||||
| Alzhemers St Margaret's Hospice BARB |
970 254 119 |
- - - |
- - - |
970 254 119 |
- - - |
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| Dementia . Stroke Association |
65 66 |
- - |
- - |
65 66 |
- - |
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| Weston Hospice Salvation Army Marie Curie |
100 20 - |
- - - |
- - - |
100 20 - |
- - 100 |
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| Afghanistan Appeal Children’s Society Seafarers Mission |
256 - - |
- - - |
- - - |
256 - - |
306 200 299 |
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| 1,850 | - | - | 1,850 | 905 | ||||
| (c) | Activities directly relating | to the | ||||||
| workofthe Church | ||||||||
| . | Ministry: | |||||||
| Diocesan parish share | 24,912 | - | - | 24,912 | 42,671 | |||
| Statutory fees Clergy expenses |
. | 6,122 2,943 |
- - |
- - |
6,122 2,943 |
3,568 1,315 |
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| Church running expenses:- | ||||||||
| Water Insurance |
92 3,475 |
- - |
- - |
92 3,475 |
71 3,588 |
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| Repairs and maintenance | 3,324 | - | - | 3,324 | 2,247 | |||
| Telephone | 918 | - | - | 918 | 242 | |||
| Electricity and gas Oil |
1,928 3,778 |
- - |
- - |
1,928 3,778 |
1,282 2,124 |
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| Upkeep ofservices:- | ||||||||
| Organists and Maintenance | - | - | - | - | - | |||
| Altar requisites | 1,016 | - | - | 1,016 | 435 | |||
| Sundry expenses Depreciation |
803 604 |
2,500 - |
- - |
803 604 |
710 736 |
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| 49,916 | 2,500 | - | 52,416 | 58,689 |
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PAROCHIAL CHURCH COUNCIL OF ST. ANDREW’S CHURCH, BURNHAM-ON-SEA PAGE 13 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
| 3. | RESOURCESEXPENDED(CONTINUED) | RESOURCESEXPENDED(CONTINUED) | ||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Designated | Restricted | Total | Funds | ||||
| Funds | Funds | Funds | 2022 | 2021 | ||||
| £ | £ | £ | £ | £ | ||||
| Hallrunning costs: | ||||||||
| Insurance | 689 | - | - | 689 | 711 | |||
| Water Repairs and maintenance |
84 1,864 |
- - |
- - |
84 1,864 |
102 1,715 |
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| Caretaker & staff costs | 2,408 | - | - | 2,408 | 1,758 | |||
| (Note 4) | ||||||||
| Electricityandgas Depreciation |
441 339 |
- - |
- - |
441 339 |
249 333 |
. | ||
| . | ||||||||
| 5,825 | - | - | 5,825 | 4,868 | ||||
| Book-keeping fees | 1,323 | - | - | 1.323 | 1,656 | |||
| 57,064 | 2,500 | - | 59.564 | 67,058 | ||||
| (d) Supportcosts | ||||||||
| Photocopier expenses | 2,323 | - | - | 2,323 | 2,290 | |||
| General administration | 4,181 | - | - | 4,181 | 2,553 | |||
| ——. | —_— | ese | . | |||||
| 6,504 | - | - | 6,504 | 4,843 | ||||
| (e) Other resources expended | ||||||||
| Professional Fees | fe | 6,696 | - | 6,696 | - | |||
| Rented property costs Bank, charges and interest |
3,454 837 |
- - |
- - |
3,454 837 |
- 650 |
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| 4,291 | 6,696 | - | 10,987 | 650 | ||||
| (e}) Edithmead Church | ||||||||
| Church expenses | 2,236 | - | - | 2,236 | - | |||
| 2,236 | - | - | 2,236 | - | ||||
| TotalResourcesExpended | 73,546 | 9,196 | - | 82,742 | 72,551 |
PAROCHIAL CHURCH COUNCILOF ST. ANDREW’S CHURCH, BURNHAM-ON-SEA PAGE 14 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
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4. STAFF COSTS
Wages and salaries
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2022 2021
£ £
2,408 1,758
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During the year the PCC employed only part-time employees, none of whom earned £50,000 p.a. or more. No trustees nor any person connected with them have received any remuneration or expenses.
| 5. | FIXEDASSETS | ||
|---|---|---|---|
| Furnishings, fittingsand equipment | 2022 | 2021 | |
| £ | £ | ||
| Written down value at 1 January 2022 | 3,205 | 1,739 | |
| Additions | 565 | 2,535 | |
| Depreciation for year | 3,770 (943) |
4,274 (1,069) |
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| Writtendownvalueat31December2022 | 2,827 | 3,205 |
Investment Asset
Freehold tand and buildings
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| £ | ||||
|---|---|---|---|---|
| Actual | cost | at | 1 January 2022 | 8,510 |
| Actual | costat | at31December2022 | 8.510 |
The Freehold land and buildings comprises 6 Jaycroft Road, Burnham-on-Sea. The property is valued at £300,000 for insurance purposes.
- INVESTMENT
| 2022 | 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Somerset Credit Union | |||
| Cost at | 1 January 2021 | 1,000 | 1,000 |
| Repaid | in year | - | - |
| Costat | 31December2021 | 1,000 | 1,000 |
PAROCHIAL CHURCH COUNCIL OF ST. ANDREW’S CHURCH, BURNHAM-ON-SEA PAGE 15 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
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7. ANALYSIS OF NET ASSETS BY FUND
| Unrestricted | Unrestricted | Designated | Restricted | |||
|---|---|---|---|---|---|---|
| Funds | Fund | Fund | Total | |||
| Choristers | MajorWork | |||||
| Fund | RepairFund | |||||
| £ | £ | £ | £ | |||
| Fixed Assets | _ 2,827 | - | - | 2,827 | ||
| Investment Fixed Asset | 9,510 | - | - | 9,510 | ||
| Current Assets | 53,405 | 5,412 | 112,680 | 171,497 | ||
| Current Liabilities | (1,982) | - | - | (1,982) | ||
| . | ||||||
| Fund balance | 63,760 | 5,412 | 112,650 | 181,852 | ||
| 8. | DEBTORS (Unrestricted Funds) | |||||
| 2022 | 2021 | |||||
| £ | £ | |||||
| Income tax recoverable | 1,200 | 1,200 | ||||
| Prepayments | 6,047 | 1,444 | ||||
| TT | TT | |||||
| 7,247 | 2,644 | |||||
| 9. | LIABILITIES: | , | ||||
| Amounts failing due within one year | (Unrestricted funds) | |||||
| 2022 | 2021 | |||||
| £ | £ | |||||
| Other Creditors | 1,612 | - | ||||
| Sundry creditors | 340 | 340 | ||||
| Hall Key Deposits | 30 | 30 | ||||
| 1,982 | 370 |
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PAROCHIAL CHURCH COUNCIL OF ST. ANDREW’S CHURCH, BURNHAM-ON-SEA ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022
CLIENTS’ CERTIFICATE
We have reviewed the attached income and expenditure account and statement of assets and liabilities and confirm that they properly reflect all the income and expenditure of the Church Council for the year under review and the assets and liabilities at the year end. We therefore approve the accounts.
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brs COMA oe SIGNED
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DORM SIGNED
30:4. 2028 DATED
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