# **THE PARISH CHURCH OF ST MICHAEL & ALL ANGELS WITH ST EADBURGHA’S CHURCH. BROADWAY**
## **ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL**
## **FOR THE YEAR ENDED 31[st] DECEMBER 2022**
## **Administrative information.**
St Michael and All Angels’ Church is situated in Church Street, Broadway, WR12 4AE. It is in the Deanery of Evesham in the Diocese of Worcester within the Church of England. Correspondence address is The Vicarage, Church Street, Broadway, Worcestershire, WR12 7AE. Charity Registration Number 1129380.
Parochial Church Council (PCC) members who have served from 1[st] January 2022 until the date this report was approved are:
_Incumbent:_ Revd Michelle Ward Chairman and Priest-in-Charge _Curate:_ Revd Josephine Williamson _Wardens:_ Mr Kevin Beasley Mr John Hayes _Representatives on the Deanery Synod:_ Dr Joan Reading (also Safeguarding Officer) _Elected members:_ Mr Kevin Beasley Treasurer Mrs Sarah Beasley Secretary Mrs Gill Hammond Deputy Churchwarden Mrs Marilyn Walker Mrs Helen Rushmore
1
## **Aims and Purposes.**
The object of the Parochial Church Council is the promotion of the gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England. The PCC co-operates with the minister in promoting in the parish the whole mission of the Church, pastoral, evangelistic, social, and ecumenical. The Parochial Church Council supported the following charities in 2022: Helping Hands in the Vale, The Royal British Legion and Water Aid.
## **Structure, Governance and Management.**
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.
The method of appointment of PCC members is governed by and set out in the Church Representation Rules. All Church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC.
The PCC members are responsible, as Trustees, for making decisions on all matters of general concern and importance to the parish, including deciding on how the funds of the PCC are to be spent.
The PCC has reviewed the polices on: Health & Safety; Safeguarding and have completed the parish Safeguarding Toolkit as required by the Diocese; Graveyard; Conflict/Declaration of Interest; Reserves; Risk; Data Protection; Complaints.
The Parochial Church Council has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to have due regard to House of Bishops’ guidance on safeguarding children and vulnerable adults.)
Annual reviews are carried out for our Lay Readers and Authorized Lay Ministers. Pay reviews are undertaken for the organist, the office administrator and the people who maintain the graveyard and churchyard.
The PCC meets on a regular basis and the standing committee has the power to transact the business of the PCC between PCC meetings subject to directions given by the PCC.
## **Objects and Activities**
The PCC has the responsibility of co-operating with the incumbent in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social, and ecumenical.
The main objectives for 2022 were to increase income by fundraising; increase presence in the community; encourage use of the church building for community events. Building on our community work which was started during the Covid-19 pandemic, we have continued to help our community by being a Christian and prayerful presence with the development of the foodbank.
## **Achievements and Performance**
There was a Zoom Evening Prayer each Sunday at 6.00 p.m. and funding has been received to allow this to continue for another year.
Visits to Brompton House, home communion, pastoral visits, visits to the school, coffee club at No.32 and Tea at 3 were able to restart in 2022.
All Souls and the Tree of Light was a combined service in November on the Village Green by the Tree of Light. People were invited to bring along a memory bauble, as last year.
The Vicar’s & Churchwardens’ fund, set up in 2016, has been used to provide help for the poor, homeless and needy individuals in the village and provide food bank parcels at Christmas. This fund also helped
2
families in need throughout the year.
The Friends of St Eadburgha’s have continued to support the parish with funds for the maintenance of St Eadburgha’s Church and all their support is greatly appreciated.
On Christmas Eve we held a Carol Service on the Green – which was well attended and appreciated. Midnight Communion was held at St Michael’s on Christmas Eve and Communion on Christmas Day.
## **Review of the Year**
The PCC met 7 times during the year and dealt with various matters. One meeting took place via Zoom as Revd Ward had COVID-19. The meeting scheduled for September was postponed as it was not quorate. Other meetings were held at St Michael’s Church and a PCC member’s home. Attendance at meetings has been good. The PCC also received reports from the sub-committees: Standing; Finance; Fabric; Social, Fundraising and Mission. Reports were also received from the Deanery Synod and Diocesan Synod.
During the year the PCC also discussed the following:
- ❖ Finance and budget issues. Government furlough scheme; Payment of Parish Share. Insurance. Charitable Giving. Parish Giving Scheme;
- ❖ Concerts;
- ❖ Safeguarding;
- ❖ Churchyard maintenance – trees;
- ❖ Childswickham;
- ❖ Covid-19;
- ❖ Quinquennial Surveys for St Michael’s Church and St Eadburgha’s Church – beginning work required;
- ❖ Access to the clock, bell, and roof at St Michael’s Church;
- ❖ Installation of a flagpole and flag on St Michael’s tower;
- ❖ Clergy wellbeing;
- ❖ Laying up of the Royal British Legion Standard;
- ❖ Social activities;
- ❖ Advent Calendar windows;
- ❖ Food bank;
- ❖ Planting of a tree in memory of HRH Prince Philip; Consideration of a report on the state of the trees in the churchyard following bad storms.
- ❖ Shed for storage of village Christmas lights;
- ❖ Eco Church;
- ❖ Re-suspension of the Parish – Bishop John;
- ❖ Retirement of Revd Jo Williamson;
- ❖ Decoration of the choir vestry at St Michael’s;
- ❖ Restoration of the King Charles I panel at St Eadburgha’s;
- ❖ Photocopier;
- ❖ Hymn CDs;
- ❖ Planting of cherry tree for HM Queen Elizabeth II Platinum Jubilee;
- ❖ Job descriptions;
- ❖ Services during the mourning period following the death of HM Queen Elizabeth II;
- ❖ Open Conversations;
- ❖ Advent study.
The clock, appliances and fire extinguishers have been serviced / tested.
3
## **Deanery Synod**
During the year, the Synod met and discussed varied topics and reports were submitted to the PCC.
## **Financial Review**
Total income of ordinary unrestricted funds was **£62,909** as detailed in the financial statements. Total expenditure of ordinary unrestricted funds was **£70,700. £20,000** contribution was made towards the 2022 Parish Share.
The net result for the year was an excess of expenditure over income of **£7,791** on unrestricted funds.
## **Reserves Policy**
It is PCC policy to try to maintain a balance on free reserves (net current assets) which equates to at least three months’ unrestricted payments. This is equivalent to £20,000. It is held to smooth out fluctuations in cash flow and to meet emergencies. The balance of the free reserves at the end of the year was **£4703** which is lower than this target.
The balance of restricted funds at the end of the year was **£11,338** and is comprised of the Parish Building Fund. This is used to fund the upkeep of St Michael & All Angels’ Church fabric and St Eadburgha’s fabric.
Where income permits it is PCC policy to transfer funds into the Parish Building Fund, the Heating Fund, the Organ Fund, and the Mission Fund. In the past year this has not been possible as there have been no surplus funds.
It is our policy to invest funds with the CCLA Church of England Deposit Fund. There are no funds currently invested.
**The PCC has proposed to set aside sufficient funds, income permitting, to build up a more adequate amount of reserves in all funds through a Stewardship Campaign and fundraising events. It will also make every effort to pay the Parish Share in full.**
## **Risk Management**
The PCC receives Regular Financial updates from the Treasurer. Income increased slightly but not up to pre-pandemic levels.
Interest rates on the savings account have increased which has helped increase the restricted funds.
The PCC is aware of the necessity to increase income and plans to hold a stewardship campaign in 2023.
The PCC considered the regulations regarding data protection – the General Data Protection Regulation (GDPR) which came into force on 25[th] May 2018. Contact preferences have been recorded, secure storage has been purchased and a GDPR Policy is now in place.
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Charity registration number: 1129380
## Broadway Parochial Church Council
Annual Report and Financial Statements
for the Year Ended 31 December 2022
## **Broadway Parochial Church Council**
## **Contents (continued)**
|Independent Examiner's Report|1|
|---|---|
|Statement of Financial Activities|2 to 3|
|Balance Sheet|4|
|Notes to the Financial Statements|5 to 13|
## **Broadway Parochial Church Council**
## **Independent Examiner's Report to the trustees of Broadway Parochial Church Council**
I report to the trustee on my examination of the accounts of Broadway Parochial Church Council for the year ended 31 December 2022.
## **Responsibilities and basis of report**
As the charity trustee of Broadway Parochial Church Council you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Broadway Parochial Church Council's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of Broadway Parochial Church Council as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
...................................... S R Nolan FCCA
Clement Rabjohns Ltd 111-113 High Street Evesham Worcestershire WR11 4XP
Date:.............................
Page 1
## **Broadway Parochial Church Council**
## **Statement of Financial Activities for the Year Ended 31 December 2022**
|**Note**
**Income and Endowments from:**
Donations and legacies
Charitable activities
Other trading activities
Investment income
5
Other income
Total income
**Expenditure on:**
Raising funds
Charitable activities
Total expenditure
Net (expenditure)/income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
15|**Unrestricted**
**funds**
**£**
43,745
15,962
3,199
2
-
62,908
(1,310)
(69,824)
(71,134)
(8,226)
(8,226)
13,042
4,816|**Restricted**
**funds**
**£**
-
-
-
21
911
932
-
(630)
(630)
302
302
11,038
11,340|**Total**
**2022**
**£**
43,745
15,962
3,199
23
911|
|---|---|---|---|
||||63,840|
||||(1,310)
(70,454)|
||||(71,764)|
||||(7,924)|
||||(7,924)
24,080|
||||16,156|
The notes on pages 5 to 13 form an integral part of these financial statements. Page 2
## **Broadway Parochial Church Council**
## **Statement of Financial Activities for the Year Ended 31 December 2022 (continued)**
|**Note**
**Income and Endowments from:**
Donations and legacies
Charitable activities
Other trading activities
Investment income
5
Total income
**Expenditure on:**
Raising funds
Charitable activities
Total expenditure
Net income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
15|**Unrestricted**
**funds**
**£**
43,594
19,539
10,170
-
73,303
(1,221)
(66,189)
(67,410)
5,893
5,893
7,150
13,043|**Restricted**
**funds**
**£**
800
-
-
1
801
-
-
-
801
801
10,237
11,038|**Total**
**2021**
**£**
44,394
19,539
10,170
1|
|---|---|---|---|
||||74,104|
||||(1,221)
(66,189)|
||||(67,410)|
||||6,694|
||||6,694
17,387|
||||24,081|
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2021 and 2020 is shown in note 15.
The notes on pages 5 to 13 form an integral part of these financial statements. Page 3
## **Broadway Parochial Church Council**
## **(Registration number: 1129380) Balance Sheet as at 31 December 2022**
|**Note**
**Fixed assets**
Tangible assets
12
**Current assets**
Cash at bank and in hand
13
**Creditors: Amounts falling due within one year**
14
**Net current assets**
**Net assets**
**Funds of the charity:**
**Restricted income funds**
Restricted funds
**Unrestricted income funds**
Unrestricted funds
**Total funds**
15|**2022**
**£**
882
16,045
(771)
15,274
16,156
11,340
4,816
16,156|**2021**
**£**
1,318
23,534
(771)|
|---|---|---|
|||22,763|
|||24,081|
|||11,038
13,043|
|||24,081|
The financial statements on pages 2 to 13 were approved by the trustee, and authorised for issue on .................... and signed on their behalf by:
......................................... Reverend Michelle Ward Chief executive officer and trustee
The notes on pages 5 to 13 form an integral part of these financial statements. Page 4
## **Broadway Parochial Church Council**
## **Notes to the Financial Statements for the Year Ended 31 December 2022**
## **1 Accounting policies**
## **Statement of compliance**
The financial statements have been prepared under the Church Accounting Regulations 2006 in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
## **Basis of preparation**
Broadway Parochial Church Council meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
The financial statements have been prepared under the historical cost convention. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their affiliation to another body, nor those that are informal gatherings of church members.
## **Going concern**
The trustee consider that there are no material uncertainties about the charity's ability to continue as a going concern.
## **Income and endowments**
Planned giving, collections and donations are recognised when received. Tax refunds are recognised when the incoming resource to which they relate is received. Grants and legacies are accounted for when the PCC is legally entitled to the use of the resources, their ultimate receipt is considered reasonably certain and the amounts due are readily quantifiable. All other income is recognised when it is receivable. All incoming resources are accounted for gross.
## **Expenditure**
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 generally recognised when it is incurred and is accounted for gross.
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Page 5
## **Broadway Parochial Church Council**
## **Notes to the Financial Statements for the Year Ended 31 December 2022 (continued)**
## **Tangible fixed assets**
Individual fixed assets costing £500.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Consecrated and benefice property is not included in the accounts in accordance with s10(2)(a) and (c) 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). For anything acquired prior to 2004, there is insufficient cost information available and therefore such assets are not valued in the financial statements. All such expenditure has been written off when incurred.
## **Depreciation and amortisation**
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
**Asset class Depreciation method and rate** Furniture and equipment 10% reducing balance Office equipment 25% straight line
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustee discretion in furtherance of the objectives of the charity.
Restricted funds represent (a) income from endowments which may be expended only on restricted purposes intended by the donor, and (b) revenue donations or grants for a specific PCC activity intended by the donor. Where these funds have unspent balances, interest on their pooled investments is apportioned to the individual funds on an average balance basis.
Page 6
## **Broadway Parochial Church Council**
## **Notes to the Financial Statements for the Year Ended 31 December 2022 (continued)**
## **2 Income from donations and legacies**
|Donations and legacies;
Planned giving - Gift Aid donations
Planned giving - income tax recoverable
Collections
Sundry donations and other giving
Grants
Donations, appeals etc
**3**
**Income from charitable activities**
Parish magazine sales
Fees paid to PCC for weddings, funerals and
monuments
Expenses paid to PCC for weddings, funerals
and monuments
**4**
**Income from other trading activities**
Fundraising events
Other|**Unrestricted**
**General**
**£**
21,129
6,826
5,854
4,556
3,054
2,326
43,745
**Unrestricted**
**General**
**£**
-
8,125
7,837
15,962
**Unrestricted**
**General**
**£**
3,199
-
3,199|**Total**
**2022**
**£**
21,129
6,826
5,854
4,556
3,054
2,326
43,745
**Total**
**2022**
**£**
-
8,125
7,837
15,962
**Total**
**2022**
**£**
3,199
-
3,199|**Total**
**2021**
**£**
23,280
6,643
3,763
4,292
5,346
1,070|
|---|---|---|---|
||||44,394|
||||**Total**
**2021**
**£**
12
10,259
9,268|
||||19,539|
||||**Total**
**2021**
**£**
3,920
6,250|
||||10,170|
Page 7
## **Broadway Parochial Church Council**
**Notes to the Financial Statements for the Year Ended 31 December 2022 (continued)**
## **5 Investment income**
|Interest receivable and similar
income;
Interest receivable on bank
deposits|**Unrestricted**
**funds**
**General**
**£**
2|**Restricted**
**funds**
**£**
21|**Total**
**2022**
**£**
23|**Total**
**2021**
**£**
1|
|---|---|---|---|---|
## **6 Expenditure on raising funds**
## **a) Costs of trading activities**
|**Note**
Cost of fundraising|**Unrestricted**
**General**
**£**
1,310
1,310|**Total**
**2022**
**£**
1,310
1,310|**Total**
**2021**
**£**
1,221|
|---|---|---|---|
||||1,221|
Page 8
## **Broadway Parochial Church Council**
**Notes to the Financial Statements for the Year Ended 31 December 2022 (continued)**
## **7 Expenditure on charitable activities**
|**Note**
Missionary and
charitable giving
Ministry - diocesan
parish share
Other ministry
costs - clergy fees
Other ministry
costs - ministry/
clergy expenses
Church - running
expenses
Building
maintenance
Upkeep of
churchyard
Professional fees re
repairs and
inspection
Sundries
Depreciation
Staff costs
Governance costs|**Unrestricted**
**General**
**£**
120
20,000
4,048
1,219
17,287
5,061
15,639
940
2,181
435
1,945
949
69,824|**Restricted**
**£**
-
-
-
-
-
630
-
-
-
-
-
-
630|**Total**
**2022**
**£**
120
20,000
4,048
1,219
17,287
5,691
15,639
940
2,181
435
1,945
949
70,454|**Total**
**2021**
**£**
165
10,000
4,271
963
16,545
7,056
9,618
1,560
4,455
442
10,315
799|
|---|---|---|---|---|
|||||66,189|
Together the employees of the charity equate to less than one full time equivalent employee.
Page 9
## **Broadway Parochial Church Council**
**Notes to the Financial Statements for the Year Ended 31 December 2022 (continued)**
## **8 Analysis of governance and support costs**
## **Governance costs**
|Independent examiner fees
Examination of the financial statements
Other governance costs|**Unrestricted**
**funds**
**General**
**£**
768
181
949|**Total**
**2022**
**£**
768
181
949|**Total**
**2021**
**£**
768
31|
|---|---|---|---|
||||799|
## **9 Net incoming/outgoing resources**
Net (outgoing)/incoming resources for the year include:
Depreciation of fixed assets
|**2022**||**2021**||
|---|---|---|---|
|**£**||**£**||
||435||442|
## **10 Trustee remuneration and expenses**
During the year the charity made the following transactions with trustee:
## **Reverend Michelle Ward**
£1,219 (2021: £914) of expenses were reimbursed to Reverend Michelle Ward during the year.
Reverend Michelle Ward was reimbursed expenses comprising £1,029 (2021 £769) travel and £190 (2021 £145) hospitality/retreat.
## **11 Taxation**
The charity is a registered charity and is therefore exempt from taxation.
Page 10
## **Broadway Parochial Church Council**
## **Notes to the Financial Statements for the Year Ended 31 December 2022 (continued)**
## **12 Tangible fixed assets**
|**12 Tangible fixed assets**|||||
|---|---|---|---|---|
|**Cost**
At 1 January 2022
At 31 December 2022
**Depreciation**
At 1 January 2022
Charge for the year
At 31 December 2022
**Net book value**
At 31 December 2022
At 31 December 2021
**13 Cash and cash equivalents**
Cash at bank
**14 Creditors: amounts falling due within one year**
Accruals
**15 Funds**
**Balance at 1**
**January 2022**
**£**
**Incoming**
**resources**
**£**
**Unrestricted**
General
13,042
62,908
**Restricted**
11,038
932
**Total funds**
24,080
63,840||**Furniture and**
**equipment**
**£**
**Total**
**£**
4,469
4,469
4,469
4,469
3,151
3,151
436
436
3,587
3,587
882
882
1,318
1,318
**2022**
**£**
**2021**
**£**
16,045
23,534
**2022**
**£**
**2021**
**£**
772
772
**Resources**
**expended**
**£**
**Balance at 31**
**December**
**2022**
**£**
(71,134)
4,816
(630)
11,340
(71,764)
16,156||**Total**
**£**
4,469
4,469
3,151
436
3,587
882
1,318
**2021**
**£**
23,534|
|||4,469|||
|||3,151
436|||
|||3,587|||
|||882|||
|||1,318|||
|||**2022**
**£**
16,045
**2022**
**£**
772
**Resources**
**expended**
**£**
(71,134)
(630)
(71,764)|||
|||||**2021**
**£**
772|
||||**Balance at 31**
**December**
**2022**
**£**
4,816
11,340||
||||16,156||
Page 11
## **Broadway Parochial Church Council**
## **Notes to the Financial Statements for the Year Ended 31 December 2022 (continued)**
|**Unrestricted**
General
**Restricted**
**Total funds**|**Balance at 1**
**January 2021**
**£**
7,150
10,237
17,387|**Incoming**
**resources**
**£**
73,303
801
74,104|**Resources**
**expended**
**£**
(67,410)
-
(67,410)|**Balance at 31**
**December**
**2021**
**£**
13,043
11,038|
|---|---|---|---|---|
|||||24,081|
The specific purposes for which the funds are to be applied are as follows:
The Restricted Funds comprise the Parish Building Fund. This fund relates to the church buildings.
## **16 Staff costs**
The aggregate payroll costs were as follows:
|**Staff costs during the year were:**
Wages and salaries|**2022**
**£**
1,945|**2021**
**£**
10,315|
|---|---|---|
No employee received emoluments of more than £60,000 during the year
During the year the charity made the following transactions with key management personnel:
## **PCC member and Verger, G Hammond**
The PCC member and Verger, G Hammond received remuneration of £315 (2021: £400)
## **PCC member, Treasurer and Verger, K Beasley**
The PCC member, Treasurer and Verger, K Beasley received remuneration of £300 (2021: £200) and £Nil (2021: £50) of expenses were reimbursed during the year.
## **PCC member and Verger, J Hayes**
The PCC member and Verger, J Hayes received remuneration of £100 (2021: £700)
## **PCC Member and Verger, M Ling**
The PCC Member and Verger, M Ling received remuneration of £150 (2021: £Nil)
Page 12
## **Broadway Parochial Church Council**
## **Notes to the Financial Statements for the Year Ended 31 December 2022 (continued)**
## **17 Analysis of net assets between funds**
|**17 Analysis of net assets between funds**||||
|---|---|---|---|
|Tangible fixed assets
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets|**Unrestricted**
**funds**
**General**
**£**
882
4,705
(771)
4,816
**Unrestricted**
**funds**
**General**
**£**
1,318
12,496
(771)
13,043|**Restricted**
**funds**
**£**
-
11,340
-
11,340
**Restricted**
**funds**
**£**
-
11,038
-
11,038|**Total funds at**
**31 December**
**2022**
**£**
882
16,045
(771)|
||||16,156|
||||**Total funds at**
**31 December**
**2021**
**£**
1,318
23,534
(771)|
||||24,081|
Page 13
Charity registration number: 1129380
## Broadway Parochial Church Council
Annual Report and Financial Statements
for the Year Ended 31 December 2022
## **Broadway Parochial Church Council**
## **Contents (continued)**
|Independent Examiner's Report|1|
|---|---|
|Statement of Financial Activities|2 to 3|
|Balance Sheet|4|
|Notes to the Financial Statements|5 to 13|
## **Broadway Parochial Church Council**
## **Independent Examiner's Report to the trustees of Broadway Parochial Church Council**
I report to the trustee on my examination of the accounts of Broadway Parochial Church Council for the year ended 31 December 2022.
## **Responsibilities and basis of report**
As the charity trustee of Broadway Parochial Church Council you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Broadway Parochial Church Council's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of Broadway Parochial Church Council as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
...................................... S R Nolan FCCA
Clement Rabjohns Ltd 111-113 High Street Evesham Worcestershire WR11 4XP
Date:.............................
Page 1
## **Broadway Parochial Church Council**
## **Statement of Financial Activities for the Year Ended 31 December 2022**
|**Note**
**Income and Endowments from:**
Donations and legacies
Charitable activities
Other trading activities
Investment income
5
Other income
Total income
**Expenditure on:**
Raising funds
Charitable activities
Total expenditure
Net (expenditure)/income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
15|**Unrestricted**
**funds**
**£**
43,745
15,962
3,199
2
-
62,908
(1,310)
(69,824)
(71,134)
(8,226)
(8,226)
13,042
4,816|**Restricted**
**funds**
**£**
-
-
-
21
911
932
-
(630)
(630)
302
302
11,038
11,340|**Total**
**2022**
**£**
43,745
15,962
3,199
23
911|
|---|---|---|---|
||||63,840|
||||(1,310)
(70,454)|
||||(71,764)|
||||(7,924)|
||||(7,924)
24,080|
||||16,156|
The notes on pages 5 to 13 form an integral part of these financial statements. Page 2
## **Broadway Parochial Church Council**
## **Statement of Financial Activities for the Year Ended 31 December 2022 (continued)**
|**Note**
**Income and Endowments from:**
Donations and legacies
Charitable activities
Other trading activities
Investment income
5
Total income
**Expenditure on:**
Raising funds
Charitable activities
Total expenditure
Net income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
15|**Unrestricted**
**funds**
**£**
43,594
19,539
10,170
-
73,303
(1,221)
(66,189)
(67,410)
5,893
5,893
7,150
13,043|**Restricted**
**funds**
**£**
800
-
-
1
801
-
-
-
801
801
10,237
11,038|**Total**
**2021**
**£**
44,394
19,539
10,170
1|
|---|---|---|---|
||||74,104|
||||(1,221)
(66,189)|
||||(67,410)|
||||6,694|
||||6,694
17,387|
||||24,081|
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2021 and 2020 is shown in note 15.
The notes on pages 5 to 13 form an integral part of these financial statements. Page 3
## **Broadway Parochial Church Council**
## **(Registration number: 1129380) Balance Sheet as at 31 December 2022**
|**Note**
**Fixed assets**
Tangible assets
12
**Current assets**
Cash at bank and in hand
13
**Creditors: Amounts falling due within one year**
14
**Net current assets**
**Net assets**
**Funds of the charity:**
**Restricted income funds**
Restricted funds
**Unrestricted income funds**
Unrestricted funds
**Total funds**
15|**2022**
**£**
882
16,045
(771)
15,274
16,156
11,340
4,816
16,156|**2021**
**£**
1,318
23,534
(771)|
|---|---|---|
|||22,763|
|||24,081|
|||11,038
13,043|
|||24,081|
The financial statements on pages 2 to 13 were approved by the trustee, and authorised for issue on .................... and signed on their behalf by:
......................................... Reverend Michelle Ward Chief executive officer and trustee
The notes on pages 5 to 13 form an integral part of these financial statements. Page 4
## **Broadway Parochial Church Council**
## **Notes to the Financial Statements for the Year Ended 31 December 2022**
## **1 Accounting policies**
## **Statement of compliance**
The financial statements have been prepared under the Church Accounting Regulations 2006 in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
## **Basis of preparation**
Broadway Parochial Church Council meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
The financial statements have been prepared under the historical cost convention. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their affiliation to another body, nor those that are informal gatherings of church members.
## **Going concern**
The trustee consider that there are no material uncertainties about the charity's ability to continue as a going concern.
## **Income and endowments**
Planned giving, collections and donations are recognised when received. Tax refunds are recognised when the incoming resource to which they relate is received. Grants and legacies are accounted for when the PCC is legally entitled to the use of the resources, their ultimate receipt is considered reasonably certain and the amounts due are readily quantifiable. All other income is recognised when it is receivable. All incoming resources are accounted for gross.
## **Expenditure**
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 generally recognised when it is incurred and is accounted for gross.
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Page 5
## **Broadway Parochial Church Council**
## **Notes to the Financial Statements for the Year Ended 31 December 2022 (continued)**
## **Tangible fixed assets**
Individual fixed assets costing £500.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Consecrated and benefice property is not included in the accounts in accordance with s10(2)(a) and (c) 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). For anything acquired prior to 2004, there is insufficient cost information available and therefore such assets are not valued in the financial statements. All such expenditure has been written off when incurred.
## **Depreciation and amortisation**
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
**Asset class Depreciation method and rate** Furniture and equipment 10% reducing balance Office equipment 25% straight line
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustee discretion in furtherance of the objectives of the charity.
Restricted funds represent (a) income from endowments which may be expended only on restricted purposes intended by the donor, and (b) revenue donations or grants for a specific PCC activity intended by the donor. Where these funds have unspent balances, interest on their pooled investments is apportioned to the individual funds on an average balance basis.
Page 6
## **Broadway Parochial Church Council**
## **Notes to the Financial Statements for the Year Ended 31 December 2022 (continued)**
## **2 Income from donations and legacies**
|Donations and legacies;
Planned giving - Gift Aid donations
Planned giving - income tax recoverable
Collections
Sundry donations and other giving
Grants
Donations, appeals etc
**3**
**Income from charitable activities**
Parish magazine sales
Fees paid to PCC for weddings, funerals and
monuments
Expenses paid to PCC for weddings, funerals
and monuments
**4**
**Income from other trading activities**
Fundraising events
Other|**Unrestricted**
**General**
**£**
21,129
6,826
5,854
4,556
3,054
2,326
43,745
**Unrestricted**
**General**
**£**
-
8,125
7,837
15,962
**Unrestricted**
**General**
**£**
3,199
-
3,199|**Total**
**2022**
**£**
21,129
6,826
5,854
4,556
3,054
2,326
43,745
**Total**
**2022**
**£**
-
8,125
7,837
15,962
**Total**
**2022**
**£**
3,199
-
3,199|**Total**
**2021**
**£**
23,280
6,643
3,763
4,292
5,346
1,070|
|---|---|---|---|
||||44,394|
||||**Total**
**2021**
**£**
12
10,259
9,268|
||||19,539|
||||**Total**
**2021**
**£**
3,920
6,250|
||||10,170|
Page 7
## **Broadway Parochial Church Council**
**Notes to the Financial Statements for the Year Ended 31 December 2022 (continued)**
## **5 Investment income**
|Interest receivable and similar
income;
Interest receivable on bank
deposits|**Unrestricted**
**funds**
**General**
**£**
2|**Restricted**
**funds**
**£**
21|**Total**
**2022**
**£**
23|**Total**
**2021**
**£**
1|
|---|---|---|---|---|
## **6 Expenditure on raising funds**
## **a) Costs of trading activities**
|**Note**
Cost of fundraising|**Unrestricted**
**General**
**£**
1,310
1,310|**Total**
**2022**
**£**
1,310
1,310|**Total**
**2021**
**£**
1,221|
|---|---|---|---|
||||1,221|
Page 8
## **Broadway Parochial Church Council**
**Notes to the Financial Statements for the Year Ended 31 December 2022 (continued)**
## **7 Expenditure on charitable activities**
|**Note**
Missionary and
charitable giving
Ministry - diocesan
parish share
Other ministry
costs - clergy fees
Other ministry
costs - ministry/
clergy expenses
Church - running
expenses
Building
maintenance
Upkeep of
churchyard
Professional fees re
repairs and
inspection
Sundries
Depreciation
Staff costs
Governance costs|**Unrestricted**
**General**
**£**
120
20,000
4,048
1,219
17,287
5,061
15,639
940
2,181
435
1,945
949
69,824|**Restricted**
**£**
-
-
-
-
-
630
-
-
-
-
-
-
630|**Total**
**2022**
**£**
120
20,000
4,048
1,219
17,287
5,691
15,639
940
2,181
435
1,945
949
70,454|**Total**
**2021**
**£**
165
10,000
4,271
963
16,545
7,056
9,618
1,560
4,455
442
10,315
799|
|---|---|---|---|---|
|||||66,189|
Together the employees of the charity equate to less than one full time equivalent employee.
Page 9
## **Broadway Parochial Church Council**
**Notes to the Financial Statements for the Year Ended 31 December 2022 (continued)**
## **8 Analysis of governance and support costs**
## **Governance costs**
|Independent examiner fees
Examination of the financial statements
Other governance costs|**Unrestricted**
**funds**
**General**
**£**
768
181
949|**Total**
**2022**
**£**
768
181
949|**Total**
**2021**
**£**
768
31|
|---|---|---|---|
||||799|
## **9 Net incoming/outgoing resources**
Net (outgoing)/incoming resources for the year include:
Depreciation of fixed assets
|**2022**||**2021**||
|---|---|---|---|
|**£**||**£**||
||435||442|
## **10 Trustee remuneration and expenses**
During the year the charity made the following transactions with trustee:
## **Reverend Michelle Ward**
£1,219 (2021: £914) of expenses were reimbursed to Reverend Michelle Ward during the year.
Reverend Michelle Ward was reimbursed expenses comprising £1,029 (2021 £769) travel and £190 (2021 £145) hospitality/retreat.
## **11 Taxation**
The charity is a registered charity and is therefore exempt from taxation.
Page 10
## **Broadway Parochial Church Council**
## **Notes to the Financial Statements for the Year Ended 31 December 2022 (continued)**
## **12 Tangible fixed assets**
|**12 Tangible fixed assets**|||||
|---|---|---|---|---|
|**Cost**
At 1 January 2022
At 31 December 2022
**Depreciation**
At 1 January 2022
Charge for the year
At 31 December 2022
**Net book value**
At 31 December 2022
At 31 December 2021
**13 Cash and cash equivalents**
Cash at bank
**14 Creditors: amounts falling due within one year**
Accruals
**15 Funds**
**Balance at 1**
**January 2022**
**£**
**Incoming**
**resources**
**£**
**Unrestricted**
General
13,042
62,908
**Restricted**
11,038
932
**Total funds**
24,080
63,840||**Furniture and**
**equipment**
**£**
**Total**
**£**
4,469
4,469
4,469
4,469
3,151
3,151
436
436
3,587
3,587
882
882
1,318
1,318
**2022**
**£**
**2021**
**£**
16,045
23,534
**2022**
**£**
**2021**
**£**
772
772
**Resources**
**expended**
**£**
**Balance at 31**
**December**
**2022**
**£**
(71,134)
4,816
(630)
11,340
(71,764)
16,156||**Total**
**£**
4,469
4,469
3,151
436
3,587
882
1,318
**2021**
**£**
23,534|
|||4,469|||
|||3,151
436|||
|||3,587|||
|||882|||
|||1,318|||
|||**2022**
**£**
16,045
**2022**
**£**
772
**Resources**
**expended**
**£**
(71,134)
(630)
(71,764)|||
|||||**2021**
**£**
772|
||||**Balance at 31**
**December**
**2022**
**£**
4,816
11,340||
||||16,156||
Page 11
## **Broadway Parochial Church Council**
## **Notes to the Financial Statements for the Year Ended 31 December 2022 (continued)**
|**Unrestricted**
General
**Restricted**
**Total funds**|**Balance at 1**
**January 2021**
**£**
7,150
10,237
17,387|**Incoming**
**resources**
**£**
73,303
801
74,104|**Resources**
**expended**
**£**
(67,410)
-
(67,410)|**Balance at 31**
**December**
**2021**
**£**
13,043
11,038|
|---|---|---|---|---|
|||||24,081|
The specific purposes for which the funds are to be applied are as follows:
The Restricted Funds comprise the Parish Building Fund. This fund relates to the church buildings.
## **16 Staff costs**
The aggregate payroll costs were as follows:
|**Staff costs during the year were:**
Wages and salaries|**2022**
**£**
1,945|**2021**
**£**
10,315|
|---|---|---|
No employee received emoluments of more than £60,000 during the year
During the year the charity made the following transactions with key management personnel:
## **PCC member and Verger, G Hammond**
The PCC member and Verger, G Hammond received remuneration of £315 (2021: £400)
## **PCC member, Treasurer and Verger, K Beasley**
The PCC member, Treasurer and Verger, K Beasley received remuneration of £300 (2021: £200) and £Nil (2021: £50) of expenses were reimbursed during the year.
## **PCC member and Verger, J Hayes**
The PCC member and Verger, J Hayes received remuneration of £100 (2021: £700)
## **PCC Member and Verger, M Ling**
The PCC Member and Verger, M Ling received remuneration of £150 (2021: £Nil)
Page 12
## **Broadway Parochial Church Council**
## **Notes to the Financial Statements for the Year Ended 31 December 2022 (continued)**
## **17 Analysis of net assets between funds**
|**17 Analysis of net assets between funds**||||
|---|---|---|---|
|Tangible fixed assets
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets|**Unrestricted**
**funds**
**General**
**£**
882
4,705
(771)
4,816
**Unrestricted**
**funds**
**General**
**£**
1,318
12,496
(771)
13,043|**Restricted**
**funds**
**£**
-
11,340
-
11,340
**Restricted**
**funds**
**£**
-
11,038
-
11,038|**Total funds at**
**31 December**
**2022**
**£**
882
16,045
(771)|
||||16,156|
||||**Total funds at**
**31 December**
**2021**
**£**
1,318
23,534
(771)|
||||24,081|
Page 13