2022-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of Greyfriars Reading

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					Unrestricted	Funds:	TOTALFUNDS	TOTALFUNDS
					Ongoing	Designated	2022	2021
				Notes		E
INCOMING RESOURCES
Incoming resources from generated			funds
Donations and legacies				2(a)	794,960	1,064,315	1,859,275	1,795,743
Investment income				2(d)	10,080	2,717	12,797	16,799
					805,040	1.067,032	1,872,072	1,812,542
Incoming resources from charitable		activities		2(e)	163,589		163,589	26,719
Incoming resources from operational			activtdes	2(b)	840,814		840,814	577,153
Other incoming resources				2(c)	133,978		133,978	66,582
TOTAL INCOMING RESOURCES					1,943,421	1.067,032	3,0'I0,453	2,482,996
RESOURCES EXPENDED
Grants payable				3(s)	7,524	90,830	98,354	182,031
Charitable activities				3(b)	862,175	5,614	867,789	576,095
Operational activities				3(c)	735,908		735,908	597,290
Governance costs				3(d)	297,215	162	297,377	270,082
Impairment offixed assets								245,000
Loss on disposal offixed assets								68,200
TOTAL RESOURCES EXPENDED					1,902,822	96,606	1,999,428	1,940,698
NET INCOMING/(OUTGOING)	RESOURCES				40,599	970,426	1,011,025	542,298
Transfers between Funds					3,417,584	(3,417,584)
Net Movement ln Funds					3,458,183	(2,447,158)	1,011,025	542,298
FUND BALANCES 8/FWD 1	JANUARY				4,833,766	2,143,641	6,977,407	6,435.109
FUND BALANCES C/FWD 31 DECEMBER				11,12	8,291,949	(303,517)	7,988,432	6,977,407

		Note	Consolidated	Consolidated	PCC
			2022	2021	2022	2021
			6	6	f	6
TANGIBLE FIXEDASSETS		5	8,104,015	4,838,316	8,096,335	4,830,182
CURRENT ASSETS
Stock			22,655	31,497	22,655	31,497
Debtors			805,519	55,281	835,039	59,221
Short term deposits			459,376	1,223,271	459,376	1,223,271
Cash at bank and in hand			549,331	1,235,786	374,165	1,170,397
			1,836,881	2,545,835	1,691,235	2,484,386
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR			(632,221)	(359,644)	(538,097)	(311,682)
NET CURRENT ASSETS			1,204,660	2,186,191	1,153,138	2,172,704
Total Assets Less Current Liabilidss			9,306,675	7,024,507	9,249,473	7,002,886
Provision for Liabilities and charges		9	10,424	11,435
CREDITORS: AMOUNTS	FALLING	'I0	(1,330,667)	(58,535)	(1,256,000)
DUE AFTER MORE THAN	ONE YEAR
NET ASSETS			7988(432	6977407	7 993473	7002)886
FUNDS
Unrestricted Funds
-General Funds		11,12	8,291,949	4,833,766	8,266,990	4,859,245
-Designated Funds		11,12	(303.517)	2,143,641	$273,517)	2,143,641
			T,aaa,432	6,977407	7,993,473	7,002,886

					2022	2021
			Notes	2	8	8
Cash flows from operating	activities
Cash generated from operations			20		894,628	913,685
Investing activities
Purchase oftangible gxed assets				(3,363,695)		(2,561,883)
Proceeds on disposal oftangible		gixed
Inlsresl received				2,717		6,330
Net cash used in investing	activities				(3,360,978)	(2,555,553)
Receipts adslng from loans				1,016,000
Net cash in from financing	activities				1,016,000
Net decrease in cash snd	cash	equivalents			(1,450,350)	(1,641,868)
Cash snd cash equivalents	sl beginning		ofyear		2,459,057	4,100,925
Cash and cash equivalents	at end of		year		1,008,707	2,459,057

.INC MING	.INC MING	RESOURCES	RESOURCES	RESOURCES
						Unrestrlcetd	Funds	TOTAL	FUND8
						Ongoing	Designated	2022	2021
						E	E	E	E
2(a)	Incoming	resources	from donations		and legacies
	Donations	and gifts				794,960 794.960	1,064,3')5 1,054,315	1.859,275 1,859,275	1,795,743 1.795,743
2(b)	Incoming	resources	from operational		activities
	Greyfriars	Ministries	Limited			840,814		840,814	577,153
						840,814		840,814	577153
2(cl	Other Incoming resources
	Wiring fees					39,750		39,750	16,848
	Church activities					29,897		29,897	4,467
	Insurance	claims				5,438		5,438	4,623
	Misceganeous Income					50,893		58,893	40,644
						133,978		133,970	66,582
2(d)	Income from Investments
	Interest receivable						2,717	2 717	6330
	Rental income					10,080		16,080	10.469
						10,080	2,717	12,797	'l6,799
2(e)	Income from charitable			activities
	Greyfrisrs	Atrium bookshop				53,707		53707	13257
	Greyfrlsrs	Atrium coffee		shop		109,882		109,882	13,462
						163,589		163,589	26,719
	TOTAL INCOMING		RE8OVRCE8			1,943,421	1,067,032	3,010,453	2,402,996

						Unrestricted	Funds	TOTAL	FUNDS
						Ongoing	Designated	2022	2021
3(s)	Charitable grants	(ag Institutional):				F.	8		8
	General Grants
	Door ofHope						5.520	5,520	5,520
	CCA(Christian Community			Action)			12,000	12,000	12,000
	FAITH (feeding the homeless)								2,430
	Yeldsll (drug/alcohol		rehabilitation)				12,120	12,120	12,120
	CIRDIC (Churches	in	Reading		Drop in Centre)		6,060	6,060	6,060
	Reading Schools	Worker		(schools outreach)			2,160	2,160	2,160
	Mustanl Tree						2,100	2,100	2,100
	Lifeline						4,200	4,200	4,200
	Frontline						2,100	2,100	2,100
	Transform Reading					2,000		2,000	2,400
	Engage Befriending						3,000	3,000	3,000
	CPAS					5,524		5,524	4,500
	PACT —Alans House						9,720	9,720	7,290
	Gift to Fusion								37,000
	Others locally based		projecn				900	900	1,036
						7,524	59,880	67,404	103,916
						Unrestricted	Funds	TOTAL	FUNDS
						Ongoing	Designated	2022	2021
3(s)	Charitable grants	(ag institutional):				6	8	6	8
	Redevelopment	Grants
	Teerfund Projects	CAR							31,220
	SLCDO Pakistan								5,325
	Plan For Hope - Uganda								5,035
	Christian Books Worldwide								4,200
	Nompumelelo Education			Centre					8.015
	Reading Gateway	Church		(St	Agnes)		24,320	24,320	24,320
	LAMB Heath						6,630	6,630
	Total Redevelopment		Grants				30,960	30,950	78,115
	Total Grants					7,524	90,830	98,354	182,031

				Unrestricted Funds	Unrestricted Funds	Total Funds	Total Funds
3(b)	Support costs for charitable	activities		Ongoing f	Designated f	2022	2021f
	Parish Share			135,084		135,084	151,757
	Staffcosts			260,666	4,658	265,324	153,606
	Book and coffee shop purchases			72.165		72,165	1,181
	Church activities			61,133		61,133	17,553
	Property costs			233,497	956	234,453	168,686
	Oepreclatlon			93,387		93,387	50,475
	Other expenses			6,243		6,243	34,837
				862,175	5,614	86'7,789	578,095
3(c)	Support costs for operational Greyfrlars Minlstrlss Lid		activities	735,908		735,908	597,290
3Id)	Governance costa Staff coals			167,952		167,952	145,896
	Oface expenses			50,795		50,957	51,843
	Operating lease payments			33,661		33,661	37,520
	Professional fees			27,805		27,805	20,429
	Auditor's remuneradon			10,655		10,655	10,670
	Bank charges and interest			6,303		6,303	3,679
	Bad debts			44		44	45
				297,215	162	297,377	270,082
	impairment of fixed assets						245,000
	Loss on disposal offixed assets						68,200
	TOTAL RESOURCES EXPENDED			1,902,822		1,999A26	1,940,698

~4STAFF Q~S	2022	2022	2022	2021
		Greyfriars
	PCC	Ministries	Total	Total
		Ltd
	6	6	6	6
Wages and salaries	394,627	511,292	906,«9	695,318
Social Security costs	23,851	25,361	49,212	42,459
Pension costs	12,307	9,475	21,'762	18,980
Expenses	2,291		2291	2.099
	433.276	546126	979rt04	758856
Average number of employees	24	27	51	48

5 TANGIBLE FIXED ASSETS
	Freehold land
Consolidated	and Buildings	Equipment	Total
Cost	E	E	E
At 1 January 2022 Additions	4,920,298 3,352,869	530,262 10,806	5,450,560 3,363,695
Disposals At 31 December 2022	8,273,187	(36,760) 504,308	(35,760) 6,T77,495
Depreciation All January 2022	265,951	346,292	612,243
Charge for Ihe year Disposals	62,552	35,445 (36,760}	97,99T (36,760)
At 31 December 2022	328,503	344,977	873,480
Net book amount at 31 December 2022	7,944,684	159,331	8,104,015
Nel book amount at 31 December 2021	4,654,347	183,970	4,836,317
PCC
Cost
At 1 January 2022	4,920,298	442,651	5.362,949
Additions	3,352,889	6,651	3,359,540
Disposals At 31 December 2022	8,273,187	(36,262) 413,020	(36,282) 8,686,207
Depreciation At 1 January 2022 Charge for the year	265,951 62,552	266,816 30,835	532.767 93,387
Disposals		(36,282)	(36,282)
At 31 December 2022	326,603	261,369	589,872
Net book amount at 31 December 2022	7,944,684	151,651	6,095,335
Net book amount at 31 December 2021	4,654,347	175,835	4,830,182

		Consolidated	Consolidated	PCC
		2022 8	2021 5	2022 f	2021 6
Income Tax recoverable		80,219	37,168	80,219	37,167
Prepayments Other debtors	and accrued interest	7,208 718.092	10,102 8,011	7,208 747,612	6,152 15902
		805,519	55,281	835i039	59,221

		-AMOUNTS F	ONE YEAR	ONE YEAR
			Consolidated		PCC
			2022	2021	2022	2021
			6	8	f.	6
Accruals			77,386	34,352	36,446	8,877
Deferred	inrx&me			8.618		8,618
Creditors	for goods	and services	121,716	305,000	75,964	288,759
Other creditors			433,119	11,674	425,687	5,428
			632,221	359,644	530,097	311,682

PROVI	SIO	ABILITIES	AND CHA	AND CHA
			Consolidated			PCC
			2022	2021	2022		2021
Deferred	Tax	asset	(10,424)	(11,435)
			(10,424)	(11,435)

CR D TO SDUE AFTER ONE Y
	Consolidated			PCC
	2022 5	2021 8	2022 f		2021 f
Loans Received	1,256,000		1,256,000
Deferred grant income (note 19)	74,667	58,535
	1,330,667	58,535	1,256,000

11FUND DETAILS ~ld t d
UNRESTRICTED FUNDS				Ongoing	Ongoing
			Designated	Activities	activities
			Funds total	PCC	GML	TOTAL
				E	E	E
Balance brought forward			2,143,641	4,859,245	(25,479)	6,977,407
Surplus/(deficit) foryear				20,161	20,438	40,599
Gifts received			1,064,315			1,064,315
Redevelopmenl Gift Tithe
Interest received			2,717			2,71'7
Grants paid			(90,830)			(90,830)
Development costs			(5,614)			(5,614)
Administration costs			(162)			(182)
Church activity Income
Transfer in respect ofFixed Assets additions			(3,359,541)	3,359,5JI1
Special transfer in respect of2021 fixed asset			(139,515)	139,515
purchases
General Tithe transfer			81,472	(81,472)
Balance carried forward			(303,517)	8,298,990	(5,641)	7,98a,432
PCC
UNRESTRICTED FUNDS
	General	Redev.	Redev.		Ongoing
	Tithe	Tahe	Fund	Total	Activities	TOTAL
	E	E	E	f	f	E
Balance brought forward	1,641	22,313	2,119,687	2,143,641	4,859,245	7,002,886
Surplus/(deficit) for year					(9,839)	(9,839)
Gifts Received			1,094,315	1,094,315		1,094,315
Redevelopmenl Gift Tithe		95,568	(95,568)
Interest received			2,717	2,717		2,717
Grants paid	(59,880)	(30,950)		(90,830)		(90,830)
Development costs			(5,614)	(5,614)		(5,614)
Administration costs			(162)	(162)		(182)
Church activity income
Transfer in respeot of Fixed Asset additions			(3,359,541)	(3,359,541)	3,369,541
Special transfer in respect of2021 fixed asset			(139,515)	(139,515)	139,515
purchases
General Tithe transfer	61,472			81,472	(61,472)
Balance carried forward	23,233	86,931	(383,681)	(273,517)	8,266,990	7,993,473

12	SI	OFNETAS	SETSBETWEEN F	UNDS
					General	Designated
					Funds	Funds	Total
					6	6	6
Fund balances at 31December 2022 are represenled Tangible fixed assets Current assets				by.	8,104,015 473,389	1,362,483	8,104,015 1,836,880
Credltorsi	amounts	falling due	within one year		(222,221)	(410,000)	(632,221)
Creditors;	amounts	falling due	aRer one year		(64,243)	(1,256,000)	(1,320,243)
					8,290,941	(303,517)	7,988,432
Fund balances at 31 December 2021 were represented Tangible fixed assets				by.	4,838.316		4,838,316
Current assets					402,194	2,143,641	2,545,835
Creditors:	amounts	falling due	within one year		(359,644)		(350,644)
Creditors:	amounts	falling due	sRer one year		(47,100)		(47,100)
					4833f766	2 143(641	6977(407
3 N	CI LCOMMIT		EN

PCC members. This was no	nnected with the m	ut their duties.
1 Dl GSU A
Greyfrlars Minislriss Limited is a wholly owned subsidiary ofthe PCC controlled as disdosed above in note 14.The company provides day nursery facilities for children in the Reading area. The results have been consolidated in the PCC's Statement of Financial Activities and Balance Sheet. The figures below are from its financial statements. Turnover
		2022	2021
Summary Profit and Loss Account		E	E
		840,814	577,153
Cost ofSales		(468,973)	(364,725)
Gross Profit		371,841	212,428
Other operating income			30,066
Administrative Expenses		(350,443)	(266,554)
Operating Profit/(Loss)		21,398	(24,060)
Other interest receivable and similar income		52	5
Profit/(Loss) on ordinary activities before taxation		21,450	(24,055)
Tax on Profit/(Loss) on ordinary	activities	(1,011)	4,570
Profit/l. oss for the period		20,439	(19,485)
Summary Balance Sheet
Tangible Assets		7,680	8,134
Current Assets		175,833	71,549
Current Liabilities		(124,311)	(56,062)
Net Current Assets		51,522	13,487
Provision for Ltabltit/es		10,424	11,435
Creditors —amounts falling due	in over one year	(74,667)	(58,535)
Total Represen6ng Members Funds		(5,041)	(25,479)

						2022	2021
						f	f
Grani commitments brought forward at 1 January					2020	58,535	43.935
Grant funding	received	during	the year			356.080	295,988
Grant funding	released	against	spending	during	the year	(339,948)	(281,388)
Deferred Grant	funding	carried	forward			74,667	58,535

Cash generated from	operations	2022 8	2021 8
Surplus for the year		1,011,025	542,298
Adjustments for: Depreciation of langible	feed assets	97,996	60,710
Impairment offixed assets			245,000
Loss on disposal offixed assets			68,200
Interest received		(2,717)	(6,330)
Movements in working	capital:
Decrease in stocks		8,841	(17,799)
Increase in debtors		(750,237)	19,826
Increase in creditors		156,577	(8,249)
Decrease in provisions		1,011	(4,570)
Increase in creditors due after one year		372,132	14,599
Cash generated from	operations	894,628	913,685