ST MARY'S CHURCH, FETCHAM
(Registered Charity No. 1128915)
ANNUAL REPORT
and
FINANCIAL STATEMENTS
of the
THE PAROCHIAL CHURCH COUNCIL
FOR THE YEAR ENDED 31ST DECEMBER 2022
INCUMBENT
THE REV'D POUYA HEIDARI
THE RECTORY
10a THE RIDGEWAY FETCHAM KT22 9AZ
ANNUAL REPORT FOR THE YEAR ENDED 31[st] DECEMBER 2022
Administrative information
St Mary’s is the Church of England’s Parish Church of Fetcham. It is situated in The Ridgeway, Fetcham and is part of the Diocese of Guildford. The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. The PCC is a registered Charity. It has no other related trusts or charities.
During the year, the following served as members of the PCC:
Ex officio members:
Rector The Reverend Pouya Heidari Assistant Minister Mrs Julie Partridge Licensed Youth Minister Mr Nathan Ghinn Church Wardens Mrs Jennifer Coles Miss Janet Clark
Elected members:
Diocesan Synod Representative: Deanery Synod Representatives:
Mr William King Mr Christopher Rickard (Hon. Treasurer) Mrs Jennifer Coles Mr Nigel Hunt
Elected PCC members: Licensed Lay Minister Mr Roger McKinlay Licensed Lay Minister Mrs Corinne Braid Licensed Lay Minister Mr Iain Whitlam Mrs Jacky Breadmore Dr Caroline Salmon Mr Martin Roberts Mr Michael Tuddenham Mr Richard Furze (to 1[st] May 2022) Mrs Meg Frost Mr Adam Piggott Mr Edward Barron (from 1[st] May 2022) Mr Dean Beaumont (from 1[st] May 2022) Mr Graham Rosser (from 1[st] May 2022) Mrs Teresa Trewinnard (from 1[st] May 2022) Mrs Susan McKinlay (from 1[st] May 2022)
Structure, governance and management
Members of the PCC are either ex-officio or elected by the Annual Parochial Church Meeting in accordance with the Church Representation Rules.
1
The PCC meets on a monthly basis.
A standing committee, consisting of the incumbent, churchwardens, secretary and treasurer meet if business needs to be transacted between PCC meetings.
A much-expanded Ministry Team with representatives from all sub teams and ministerial and operational activities meets on a monthly basis.
An operational team meeting headed by the wardens meets monthly.
Objectives and activities
The Incumbent and PCC have the responsibility of promoting the pastoral, evangelistic, ecumenical and social mission of the church. St Mary’s aims to be a growing community of Christian people who desire to know Jesus better, to share our faith confidently with those around us and to demonstrate this in giving loving service to all.
Our vision incorporates the following three key activities:
Knowing Jesus - This is about strengthening our relationship with God, empowered by the bible and enabled by individual and communal prayer.
Sharing Faith - This is about communicating our faith with our Church family, and others we meet each day.
Loving Service - This is about taking actions which demonstrate Jesus’ love for us. Through these actions, we aim to make a positive difference to people’s lives in our village community and beyond.
Achievements and performance
Church attendance
There are 246 (2021: 242) parishioners on the Church Electoral Roll, a few of whom are not resident within the parish.
The church mainly runs three services on Sunday at 8am, 9.30am and 11.15am with a 10am service on Thursdays.
The weekly average attendance in 2022 was 107 adults and 11 children and young persons.
Review of the year
Activities returned to pre covid levels for both services and ministry activities. This also applied to the use of the church hall by the community and outside organisations.
The PCC and teams set up for the purpose continue to explore and develop a strategy and development plan to take the church into the future. This is to provide and extend the ability to provide ministry to grow the church and support the local community.
In 2022 we took several steps to increase our outreach to the community. A Community Fridge was set up in the church hall in January to operate for an hour on Monday mornings. This is run in partnership with a local charity The Meeting Place. We are very thankful to local stores and supermarkets which allow us to collect surplus food. The fridge has proved to be popular with local residents with participants of the order of 40-50 per week. Along with the fridge a Coffee Shop was operated at the same time. This has been popular with those coming to the fridge and also for others to come and have a coffee and meet socially. A monthly Afternoon Tea was also introduced which also enabled people to meet socially.
A major new step in enhancing our outreach was the appointment of two part time employees.
2
We were delighted to appoint Julie Partridge (Assistant Minister) as our Pioneer Community Worker and Hannah Hossain as our Families Worker in December. We were able to do this because of sponsorship funding for a substantial part of the cost from a local charity Peaceful Streams. The Pioneer Community Worker is responsible for developing outreach in the parish through new and existing initiatives and to build sustainable relationships with local residents, voluntary organisations, agencies, other churches and schools, The Families Worker’s role is to develop and establish new links in the community for all families. It will also involve carrying out children’s and families ministry and pastoral care.
These two new roles coupled with our Youth Minister gives us an excellent base to grow our outreach to children, youth, families and the community in general.
Beside the standard services the following were also provided during the year: Messy Church which is a form of church for children and adults involving creativity, celebration and hospitality.
The Lighthouse after-school drop-in for children in school years 3-6 (ages 7-11) which has now developed into The Way and is held in school. Bereavement café, Women’s Breakfast and several social activities. Who let the Dads out where dads and children can escape to play games etc. Youth drop ins and activities.
We continued to be involved in the community with members being actively involved in Love Fetcham. This is an initiative that allows us to work with other Christians in our community (and with those of no faith), for the benefit of the community, several of our members have strong links with local charities supporting the community.
With regard to the PCC's obligations to safeguard children and vulnerable adults, the members of the PCC confirm that they have complied with their duties under section 5 of the Safeguarding and Clergy Discipline Measure 2016.
When planning our activities for the year, our incumbent and the PCC have considered the Charity Commission’s guidance on public benefit and, in particular, the specific guidance on ‘charities for the advancement of religion’.
The PCC met 10 times during 2022 to oversee these and other matters .
Financial review
Income for the year was £249,300 (£303,300 – 2021). Expenditure was £226,500 (£204,100 – 2021). Overall, there was a surplus for the year of £22,900 (£99,100 – 2021).
Income
Income was down £54,000 on the exceptional income for 2021. A legacy of £50,300 was received, restricted for the upkeep of the church and churchyard. Single donations totalling £11,200 (including gift aid) were received to support the youth work and £9,600 (including gift aid) for general purposes. Regular giving was up £10,700 (including gift aid) following the 2021 Stewardship and new joiners during the year. With the Church Hall returning to normal use income from lettings was £10,200 (£5,000 – 2021). New outreach activities including running a community fridge and café raised donations of £3,700 with any surplus being used to fund improvements and community activities.
3
Expenditure
The overall expenditure was up £22,400 on 2021 With the church and hall returning to full activities after Covid19 there was a general increase in expenditure. In addition, the following specific expenditure was incurred: repairs to vestry roof (£2,300, replacing hall windows (£3,800), health and safety improvements (£2,300). Capital expenditure of £5,400 was incurred to replace the photocopier.
The PCC made unrestricted donations of £22,900 (£15,200 – 2021)) to home and overseas missions.
Reserves policy
Unrestricted reserves were £165,400 (£191,300 – 2021) at the year end.
The unrestricted reserves have been allocated as follows:
-
£56,000 being three month’s expenditures to cover cash flow requirements.
-
£35,500 for major maintenance and projects.
-
£30,200 for supporting new initiatives.
-
£2,900 for supporting community outreach activities.
-
£8,500 for unallocated tithed charitable giving.
-
£27,400 to cover the planned deficit for 2022 and future years and contingencies.
The restricted reserves were £59,700 (£11,000 – 2021) at the year end and were as follows:
-
£48,300 for upkeep of church and churchyard.
-
£8,100 for hall project.
-
£1,700 for choir fund.
-
£1,000 for youth equipment.
-
£300 for creche.
-
£300 for charities.
The 2022 Stewardship Campaign was very successful in increasing regular giving by £58,800 (including gift aid) per annum. This will cover the gap between regular income and ongoing expenditure for the existing operations. Additional costs will be incurred by the appointment of a community worker, families worker and operations manager. These roles will cost about £60,00 per annum. A local charity Peaceful Streams has pledged support for £50,000 per annum with the balance to be funded by the church. The new initiatives fund (£30,200) has been set up to help cover this cost over the next three years.
Signed: P.Heidari Reverend Pouya Heidari
Date: 28[th] March 2023 Chairman
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PAROCHIAL CHURCH COUNCIL OF ST MARY'S FETCHAM BALANCE SHEET 31ST DECEMBER 2022
| NOTE FIXED ASSETS Tangible 7 Total Fixed Assets CURRENT ASSETS Debtors 8 Bank Balances: Current Account C B F deposit Total Current Assets CURRENT LIABILITIES Amounts falling due within one year In respect of usual operating expenses 9 Deferred income 10 Net Current Assets NET ASSETS FUNDS 11 Unrestricted Designated: Major Repairs & Projects Church Building Future Initiatives Community Mission & Charity Giving Churchyard Restricted: Church & Churchyard Upkeep Hall Project Choir Youth Equipment Creche Charities |
2022 £ 4,917 4,917 33,700 10,255 181,729 225,684 5,491 - 220,193 225,110 88,350 35,450 - 30,197 2,859 8,539 - 48,291 8,121 1,749 975 279 300 225,110 |
2021 £ - |
|---|---|---|
| - | ||
| 32,921 7,203 178,729 |
||
| 218,853 15,594 1,000 |
||
| 202,259 | ||
| 202,259 | ||
| 109,787 21,358 40,000 10,000 - 10,120 - - 8,068 1,738 1,188 - - |
||
| 202,259 |
Approved by the Parochial Church Council on 28th March 2023 and signed on its behalf by:
P.Heidari
Reverend Pouya Heidari Chairman
C.C.Rickard Christopher Rickard Treasurer
The notes on pages 7 to 15 form part of these accounts
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PAROCHIAL CHURCH COUNCIL OF ST MARY'S FETCHAM STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2022
| NOTE INCOME AND ENDOWMENTS Voluntary Income 1a Activities for generating funds 1b Income from church activities 1c Income from investments 1d EXPENDITURE Church Activities 2a Raising Funds 2b NET INCOME/EXPENDITURE TRANSFER BETWEEN FUNDS NET MOVEMENT IN FUNDS Total funds brought forward 1.01.2022 Total funds carried forward 31.12.2022 |
UNRESTRICTED DESIGNATED RESTRICTED TOTAL FUNDS FUNDS FUNDS FUNDS 163,033 185 62,156 225,374 1,346 - 1,560 2,906 16,492 3,166 - 19,658 630 448 327 1,405 2022 |
UNRESTRICTED DESIGNATED RESTRICTED TOTAL FUNDS FUNDS FUNDS FUNDS 271,377 - 19,113 290,490 150 - 623 773 11,599 90 - 11,689 264 30 12 306 2021 |
|---|---|---|
| 181,501 3,799 64,043 249,343 |
283,390 120 19,748 303,258 |
|
| 202,918 8,232 15,322 226,472 20 - - 20 |
192,461 (112) 11,762 204,111 20 - - 20 |
|
| 202,938 8,232 15,322 226,492 |
192,481 (112) 11,762 204,131 |
|
| (21,437) (4,433) 48,721 22,851 - - - - |
90,909 232 7,986 99,127 (68,920) 68,920 - - |
|
| (21,437) (4,433) 48,721 22,851 109,787 81,478 10,994 202,259 |
21,989 69,152 7,986 99,127 87,798 12,326 3,008 103,132 |
|
| 88,350 77,045 59,715 225,110 |
109,787 81,478 10,994 202,259 |
The notes on pages 7 to 15 form part of these accounts
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PAROCHIAL CHURCH COUNCIL OF ST MARY'S FETCHAM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022
| 1. INCOME AND ENDOWMENTS NOTE a) Voluntary Income 4 Planned Giving Open plate collections Appeals & Specific Donations Income tax recoverable Sundry donations Legacies b) Activities for generating funds Fund raising events Charitable appeals c) Income from church activities Parking - local business Sale of Assets Church Hall lettings -local community use Fees for weddings and funerals Outreach Activities d) Income from investments Bank interest TOTAL INCOME |
UNRESTRICTED DESIGNATED RESTRICTED TOTAL FUNDS FUNDS FUNDS FUNDS £ £ £ £ 120,663 - - 120,663 3,279 - - 3,279 8,100 - 9,223 17,323 29,198 185 2,598 31,981 1,793 - - 1,793 - - 50,335 50,335 2022 |
2021 TOTAL FUNDS £ 111,280 2,268 55,714 37,909 2,293 81,026 |
|---|---|---|
| 163,033 185 62,156 225,374 |
290,490 | |
| 1,346 - - 1,346 - - 1,560 1,560 |
150 623 |
|
| 1,346 - 1,560 2,906 |
773 | |
| - - - 0 - - - 0 10,191 - - 10,191 5,763 40 - 5,803 538 3,126 - 3,664 |
2,600 50 4,989 4,050 |
|
| 16,492 3,166 - 19,658 |
11,689 | |
| 630 448 327 1,405 |
306 | |
| 181,501 3,799 64,043 249,343 |
303,258 |
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PAROCHIAL CHURCH COUNCIL OF ST MARY'S FETCHAM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022
| 2. EXPENDITURE UNR NOTE a) Church activities Missionary and charitable giving 5 Overseas -Missionary societies -Relief agencies Home -Church societies -Relief agencies Ministry -Diocesan parish share -Youth ministry costs -Other ministry costs -Rectory expenses -Upkeep of services -Church Music Church -Running expenses -Other maintenance Hall -Running expenses -Refurbishment 7 Upkeep of churchyard Publicity Administration Outreach Activities b) Raising funds Cost of fundraising activities TOTAL RESOURCES EXPENDED |
ESTRICTED DESIGNATED RESTRICTED TOTAL FUNDS FUNDS FUNDS FUNDS £ £ £ £ 7,540 1,581 10 9,131 - - 881 881 4,100 - 20 4,120 8,100 - 641 8,741 2022 |
2021 TOTAL FUNDS £ 6,062 1,114 (2,800) 7,459 |
|---|---|---|
| 19,740 1,581 1,552 22,873 100,360 - - 100,360 17,519 - 11,470 28,989 4,568 - - 4,568 4,098 - - 4,098 2,194 - - 2,194 3,968 - - 3,968 7,290 - - 7,290 1,222 - 2,300 3,522 7,317 - - 7,317 - 6,159 - 6,159 5,424 40 - 5,464 665 - - 665 27,309 - - 27,309 1,244 452 - 1,696 |
11,835 101,135 27,836 4,204 7,070 1,613 3,653 5,516 2,227 4,531 - 4,466 1,356 28,669 |
|
| 202,918 8,232 15,322 226,472 |
204,111 | |
| 20 - - 20 |
20 | |
| 20 - - 20 |
20 | |
| 202,938 8,232 15,322 226,492 |
204,131 |
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PAROCHIAL CHURCH COUNCIL OF ST MARY’S FETCHAM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022
3 ACCOUNTING POLICIES
These financial statements are prepared on a going concern basis, under the historical cost convention. The financial statements include all activities for which the PCC is legally responsible; the activities of informal gatherings of church members and groups that owe their main affiliation to another body are excluded.
These financial statements have been prepared in accordance with The Church Accounting Regulations 2006, the 'Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)' ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102") and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.
The Charities (Accounts and Reports) Regulations 2008 (the '2008 Regulations') requires charities to prepare their accounts in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005' but this accounting standard has since been withdrawn and has been replaced by the Charities SORP mentioned in the preceding paragraph. The charity has prepared these financial statements in accordance with the new Charities SORP; this departure from the 2008 Regulations is believed to be necessary for these financial statements to give a 'true and fair view'.
The principles adopted in the preparation of the financial statements are set out below.
a) Going concern
The PCC have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The PCC have made this assessment for a period of at least one year from the date of approval of the financial statements and have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.
b) Income
Income (which includes planned giving, collections and other donations) is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part income is generally recognised when it is received by, or on behalf of, the PCC. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.
Income from donations and legacies includes:
-
i) Recoverable gift aid. This is recognised when the related donation is received. Gift aid that has not been recovered by the balance sheet date is included as a debtor.
-
ii) Legacies. Income from legacies is recognised when a distribution is received from the estate or, if earlier, when the charity has been notified that a distribution will be made and the amount receivable can be measured reliably.
Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects. It includes income from fees for weddings and funerals and from letting the facilities to the local community.
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PAROCHIAL CHURCH COUNCIL OF ST MARY’S FETCHAM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022
3 ACCOUNTING POLICIES CONTINUED
c) Expenditure
Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.
Contributions in respect of the diocesan parish share are included in the Statement of Financial Activities for all amounts agreed to being payable for the financial year. Any contributions that have not been paid over by the year end are included as a creditor.
The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity. The PCC generally seeks to tithe about 10% of the previous year's unrestricted income to charitable causes outside of the church. When the whole 10% has not been distributed in the year, the left over amount is set aside in a designated fund for distribution in the following year.
d) Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the PCC in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the PCC for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.
e) Tangible fixed assets
Consecrated and beneficed property is not included in these financial statements by virtue of s.10(2) of the Charities Act 2011. All expenditure on consecrated or beneficed buildings is written off in the year in which it is incurred.
Movable church furnishings held by the incumbent and Churchwardens on special trust for the PCC and which require a faculty for disposal are capitalised in accordance with the policy set out below. These items are regarded as inalienable property and are listed in the church's inventory which can be inspected at any reasonable time. Inalienable property acquired prior to 2000 has not been capitalised as there is insufficient cost information available.
Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £1,000 and the item is expected to benefit the charity over more than one accounting period.
f) Pension scheme arrangements
The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.
g) Taxation
The charity has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.
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PAROCHIAL CHURCH COUNCIL OF ST MARY’S FETCHAM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022
4. INCOME
This year's restricted income includes a legacy of £50,335 for maintaining the church and churchyard.
During the year Single donations of £11,250, (including gift aid) were received to support specific expenditure and £9,600 (including gift aid) for general purposes.
Donations of £9,063 (including gift aid) included in the above were received following the December Stewardship campaign. Additional regular giving pledged following this campaign will increase income by £58,800 in 2023.
5. MISSIONARY & CHARITABLE GIVING
| Oversea Oversea Home M Home R |
UNRESTRICTED RESTRICTED TOTAL FUNDS FUNDS FUNDS £ £ £ s Mission AMADET - Centre for Urban Mission Kibera 8,000 10 8,010 s Relief Quicken Trust 1,121 - 1,121 Shines Children (Uganda) UK Supporters - - - DEC- Afghanistan Appeal - 229 229 DEC - Ukrainian Appeal - 302 302 DEC - Pakistan Appeal - 350 350 ission Christians Against Poverty 3200 20 3,220 Greenhouse Community Centre - - - elief B@titude 1,500 - 1,500 The Meeting Room 1,500 397 1,897 Transform Housing & Support 1,000 - 1,000 Epsom & Ewell Foodbank Refuge 1,500 - 1,500 1st Fetcham Scouts. - - - Leatherhead Community Hub 2,000 - 2,000 Besom 1,000 - 1,000 TAG Youth Club for Disabled Young People 500 - 500 British Legion - Remembrance Service - 244 244 Bishop of Guildford's Fund - - - Children's Society - - - 2022 |
2021 TOTAL FUNDS £ 6,062 - 1,000 114 - - 1,200 (4,000) 1,000 1,000 1,000 1,000 1,000 1,000 500 500 222 209 28 |
|---|---|---|
| TOTAL 21,321 1,552 22,873 |
11,835 |
Under tithing an additional £8,539 (£10,120 -2021) has been set aside in reserves to be allocated in 2023.
Greenhouse Community Centre
In 2021 a donation to this organisation was refunded.
Related Parties
Trustees which are also trustees of the receiving charities are:
The Meeting Room Richard Furze and Paul Adair Leatherhead Community Hub Richard Furze Shines Children (Uganda) UK Supporters Adam Piggott Trustees which are employed by the receiving charities are: Christians Against Poverty Jennifer Coles
During the year the PCC received donations totalling £43,617 (£68,300 - 2021) from related parties (which includes members of the PCC, any other members of key management and anyone closely connected to them).
Except for the reimbursement of expenses incurred when acting as agent for the charity, or incurred when undertaking clergy duties, no expenses were paid to (or for) the members of the PCC.
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PAROCHIAL CHURCH COUNCIL OF ST MARY’S FETCHAM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022
6. STAFF COSTS
| STAFF COSTS | |
|---|---|
| Gross Salaries Social Security Pension Costs |
2022 2021 £ £ 49,755 45,922 18 - 1,079 1,010 |
| £50,852 £46,932 |
The church employs a youth minister and a parish administrator. In addition in December a part time pioneer community worker and a part time families worker were also employed. The former is also the assistant minister.
The youth minister, Nathan Ghinn, received salary and pension benefits totalling £27,362 (£26.603- 2020) and the pioneer community worker, Julie Partridge received a salary of £712. Both are ex officio member of the PCC. These payments are permitted by the PCC's governing document.
Reverend Pouya Heidari (who is a clergy member of the PCC) receives a stipend from the Diocese and so he is not an employee; some of the Diocesan parish share is used to help meet the cost of his stipend. Reverend Heidari was provided with accommodation (which is customary for clergy) and the cost of this accommodation to the PCC was £4,098 (£7,070 - 2021).
Most of the PCC's activities are carried out by volunteers; in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.
| 7. 8. 9. |
Average no. of employees FIXED ASSETS Tangibile Cost Balance at 1/1/2022 Additions - Photocopier Balance at 31/12/2022 Depeciation Balance at 1/1/2022 Charge for the year Balance at 31/12/2022 Net Fixed Assets Balance at 31/12/2022 DEBTORS Income tax recoverable Donations due from Virgin Giving PCC Fees Electricity charge recoverable VAT Recoverable Sundry Advance Hall Letting Fees Advance Event Funding CREDITORS Payroll PAYE Social Security Services Charities Goods Other |
2022 2021 2 2 2022 2021 £ £ - - 5,434 - |
|---|---|---|
| 5,434 - |
||
| - - 517 - |
||
| 517 - |
||
| 4,917 - |
||
| 2022 2021 £ £ 30,931 29,715 - 4,065 1,057 1,029 1,900 - 460 - 516 272 (374) (1,370) (790) (790) |
||
| 33,700 32,921 |
||
| 2022 2021 £ £ 501 730 511 822 306 553 3,603 4,946 - 8,000 - 388 570 155 |
||
| 5,491 15,594 |
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PAROCHIAL CHURCH COUNCIL OF ST MARY’S FETCHAM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022
10. DEFERRED LIABILTIES
| DEFERRED LIABILTIES | |
|---|---|
| Balance at 1/1/2022 Amount released to income Balance at 31/12/2022 |
2022 2021 £ £ 1,000 39,500 (1,000) (38,500) |
| - 1,000 |
Deferred income comprises donations received to fund general activities in future years.
11. UNRESTRICTED, DESIGNATED and RESTRICTED FUNDS
| FUNDS Unrestricted Designated: - Major Repairs & Projects - Church Building - Future Initiatives - Community - Mission & Charity Giving - Churchyard Restricted: - Church & Churchyard Upkeep - Hall Project - Choir - Youth - Charities - Creche |
Opening Balance Income Expenditure Transfers Closing Balance £ £ £ £ £ 109,787 181,501 (202,938) - 88,350 21,358 251 (6,159) 20,000 35,450 40,000 - - (40,000) - 10,000 197 - 20,000 30,197 - 3,311 (452) - 2,859 10,120 - (1,581) - 8,539 - 40 (40) - - - 50,591 (2,300) - 48,291 8,068 53 - - 8,121 1,738 11 - - 1,749 1,188 11,257 (11,470) - 975 - 1,852 (1,552) - 300 - 279 - - 279 |
|---|---|
| 202,259 249,343 (226,492) - 225,110 |
| Analysis of Net Assets by Fund FUNDS Unrestricted Designated: - Major Repairs & Projects - Future Initiatives - Community - Mission & Charity Giving - Churchyard Restricted: - Church & Churchyard Upkeep - Hall Project - Choir - Youth - Charities - Creche |
Assets Liabilities Fund Balance £ £ £ 93,841 (5,491) 88,350 35,450 - 35,450 30,197 - 30,197 2,859 - 2,859 8,539 - 8,539 - - - 48,291 - 48,291 8,121 - 8,121 1,749 - 1,749 975 - 975 300 - 300 279 - 279 |
|---|---|
| 230,601 (5,491) 225,110 |
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PAROCHIAL CHURCH COUNCIL OF ST MARY’S FETCHAM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022
11. UNRESTRICTED, DESIGNATED and RESTRICTED FUNDS continued
In the previous year the movements in the PCC's funds were as follows:
| FUNDS Unrestricted Designated: - Major Repairs & Projects - Church Building - Future Initiatives - Mission & Charity Giving - Churchyard Restricted: - Hall Project - Choir - Youth - Charities - Rectory |
Opening Balance Income Expenditure Transfers Closing Balance £ £ £ £ £ 87,798 283,390 (192,481) (68,920) 109,787 11,126 80 152 10,000 21,358 - - - 40,000 40,000 - - - 10,000 10,000 1,200 - - 8,920 10,120 - 40 (40) - - 1,275 6,793 - - 8,068 1,733 5 - - 1,738 - 9,375 (8,187) - 1,188 - 635 (635) - - - 2,940 (2,940) - - |
|---|---|
| 103,132 303,258 (204,131) - 202,259 |
Analysis of Net Assets by Fund
| FUNDS Unrestricted Designated: - Major Repairs & Projects - Church Building - Future Initiatives - Mission & Charity Giving - Churchyard Restricted: - Hall Project - Choir - Youth - Charities |
Assets Liabilities Fund Balance £ £ £ 126,381 (16,594) 109,787 21,358 - 21,358 40,000 - 40,000 10,000 - 10,000 10,120 - 10,120 - - - 8,068 - 8,068 1,738 - 1,738 1,188 - 1,188 - - - |
|---|---|
| 218,853 (16,594) 202,259 |
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PAROCHIAL CHURCH COUNCIL OF ST MARY’S FETCHAM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022
11. UNRESTRICTED, DESIGNATED and RESTRICTED FUNDS continued
FUNDS
Unrestricted general funds
It is policy to hold reserves to cover three months expenditure (£56,000).
The unrestricted fund (£88,350) provides this cover plus additional cover for any planned shortfall between income and expenditure in future years.
Unrestricted designated funds
The Major Repairs & Projects Fund (£35,450) covers maintenance and projects to improve facilities.
The Future Initiatives Fund (£30,197) has been set up from legacy income to cover St Mary's contribution to the cost of the Pioneer Community Worker, Families Worker and Operations Manager for the next three years. The majority of the cost is being funded by a charity (Peaceful Streams)
The Mission & Charity Giving Fund (£8.539) represents the balance of funds set aside from a tithing of income that hadn't been distributed by the year end. These funds will be distributed in 2023.
Restricted funds
The Church and Churchyard Upkeep Fund (48,291) is set up from a legacy to be used for the upkeep of the church and churchyard.
The Hall Project Fund (£8,121) represents donations received for the planned new facilities in the hall.
The Choir fund (£1,749) resulted from specific donations given to help meet choir expenses.
The Youth Fund (£975) is the balance of funds donated to provide equipment.
The Creche Fund (£279) is set up from funds collected to provide items for the creche. The Charities Fund (£300) is balance of funds generated from collections for appeals.
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ST MARY’S FETCHAM INDEPENDENT EXAMINER’S REPORT TO THE P C C
I report on the accounts for the year ended 31st December 2022 which are set out on pages 5 to 15.
Respective responsibilities of 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:
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examine the accounts under section 145 of the 2011 Act;
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follow the procedures laid down in the General Directions given by the Charity Commissioners section 145(5)(b) of the 2011 Act; and
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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 you as trustees concerning any 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 matters have come to my attention:
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which give me reasonable cause to believe that in any material respect the requirements
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to keep accounting records in accordance with s.130 of the 2011 Act; and
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to prepare accounts which accord with the accounting records and comply with
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the accounting requirements of the 2011 Act have not been met; or
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Michael Halsey
Dated: 28[th] March 2023
Mr M. J. Halsey Little Paddock Guildford Road Fetcham Surrey KT22 9DY
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