OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-12-31-accounts

Trustee Report

and

Financial Statements

of the Parochial Church Council

for the year ended

31[st] December 2022

Charity No: 1129872

Parochial Church Council of St Thomas' Church Kendal

Annual Report and Financial Statements

for the Year Ended 31[st] December 2022

Contents

Annual Report

Statement of Parochial Church Council's Responsibilities

Independent Examiner's Report Statement of Financial Activities Balance Sheet

Notes to the Financial Statements

..

Parochial Church Council of St Thomas' Church Kendal

Annual Report

for the Year Ended 31[st] December 2022

Church Office and St Thomas' Church address for Stricklandgate correspondence: Kendal Cumbria LA9 4QG Incumbent: Revd George Briggs Bankers: Virgin Money 7 Stricklandgate Kendal Cumbria LA9 4NB Independent Helen Holmes BSc FCA Examiner: Stables Thompson & Briscoe Lowther House Kendal Cumbria LA94DX Legal Advisors: Arnold Greenwood Solicitors 8 & 1O Highgate Kendal Cumbria LA9 4SX Website: www.stkweb.orq.uk

1

Parochial Church Council of St Thomas' Church Kendal

Annual Report

For the year ended 31[st] December 2022

Aim and Purpose

St Thomas' Church is situated in the northern part of the Market town of Kendal. It is a Resource Church in the Two Valleys Team and is part of the Diocese of Carlisle within the Church of England. The correspondence address is St Thomas' Church, Stricklandgate, Kendal, LA9 4QG.

The Parochial Church Council (PCC) has registered with the Charity Commission (charity number 1129872). There is one related trust, the St Thomas' (Kendal) Trust (registered charity number 514353) which holds and administers the church property.

St Thomas's PCC has the responsibility of cooperating with the Incumbent Rev George Briggs, in promoting in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic, social and ecumenical. As well as the church building itself, the PCC is responsible for maintaining 79 High Garth, Kendal. The PCC is responsible for the employment of five staff members and holds responsibility for finance and safeguarding policy and procedure at St Thomas's.

Objectives and Activities

In the Diocese of Carlisle the Church of England is committed to working with the Methodist Church, United Reformed Church and Salvation Army as well as other local partners to realise the God for All vision. This county-wide vision was renewed in the course of 2020:

A vision to release the whole people of God for the whole mission of God for the transformation of Cumbria in the name of Jesus.....

In our local context St Thomas's is committed to the pursuing this vision through:

Gathering in lively and authentic worship Discipleship and empowering every church member for mission with effective pastoral structures to enable this

A commitment to partnership with other churches locally and resourcing the mission of the wider church

Ministries and activity which serves our community and enables people to connect with God and discover Christian Faith

Good stewardship of our building as a significant resource for ministry and the wider community

2

. .

Parochial Church Council of St Thomas' Church Kendal

Annual Report

for the Year Ended 31[st] December 2022 (continued)

Achievements and Performance

2022 was an encouraging year for us - marking a transition from some of the limitations and patterns we adapted to during the pandemic to fresh patterns of worship, ministry and mission as a church.

Worship, Discipleship and Pastoral Care

Face to face Sunday services at 8.45 (9.00 from September), 10.45, as well as Wednesday communion services followed by a soup lunch.

Monthly Sunday evening services

Local Mission and Ministry

Fabric and Resources

Church chairs reupholstered - involving large scale church work party Energy Audit commissioned to look at efficiency of church buildings

3

Parochial Church Council of St Thomas' Church Kendal

Annual Report

for the Year Ended 31[st] December 2022 (continued)

Our Parish ministries in 2022 included holding 4 funerals in church and 1 memorial service. There were 4 baptisms and 2 marriage services held in church this year.

Church attendance

In 2022 there were 238 members on the Church Electoral Roll, 20% of who are resident within the parish. The average weekly attendance at services on Sundays, counted during October was 170 adults and 32 children

Other Activities

A survey of the broad range of weekly and seasonal activities is produced for our APCM. These include work with families and children, youth, older people, Schools links with our Parish Primary School and local secondary schools, a supermarket bus service, prayer and prayer ministry and much more...

Deanery Synod and Ecumenical Links

At present three members of St Thomas's are members of Kendal Deanery Synod. St Thomas's is committed to the Two Valleys Mission Community along with St Catherine's Crook and the churches of the Two Valleys Team, which includes an ongoing resourcing role. St Thomas's is committed to the development of mission in partnership with churches of all denominations across Kendal in the common Mission Area of our town.

Church Fabric

In the course of 2022 the PCC continued to let 79 High Garth commercially, and reviewed the maintenance and repair work that will be required following our Quinquennial Inspection in 2019.We will need to repair the flat roof above the church lounge in 2023.

Mission Giving and Collections

Helping those in need is a demonstration of our faith. The PCC are committed to giving 10% of our donations received to our Mission Partners. To this end £24,600. was sent to missions and charities at home and overseas. This figure includes £4,000 paid to the Barchester Fund to assist in the repair costs at St Thomas's Church of England Primary School, with whom we have close links. In addition the annual Christian Aid and Bishop's Harvest Appeals were highlighted for people to support individually.

Risk review

During the year a Financial Risk Assessment was undertaken, and a schedule of Monitoring Tasks prepared. The PCC has assessed the major financial risks to which the church is exposed and is satisfied that systems and procedures are in place as far as possible to mitigate against any such risks.

Financial review

Total receipts on unrestricted General Fund were £289,097 and payments totalled £242,951. These are detailed in the financial statements. The majority of the income came from Church members by regular giving, together with the related Gift Aid. Legacies totalling £54,855 were received during the year which resulted in the surplus disclosed in the financial statements.

4

. .

Parochial Church Council of St Thomas' Church Kendal

Annual Report

for the Year Ended 31[st] December 2022 (continued)

The Parish Offer of £75,000 was the largest outgoing providing for clergy costs as well as supporting mission and ministry elsewhere in the diocese. In addition, £82,496 was spent on staff costs whilst £20,600 was donated to missions and charities at home and overseas.

The wider work of the Church reaches out into the community, and includes Moms and Toddlers, Families, Youth Work, and Cedars to name but a few. A total of £75,380 was spent during the year (including staff costs) reaching out to the local community.

Receipts to the restricted fund totalled £12,851 whilst £10,952 was spent in the year. There was an overall loss on the value of the investments of £259. Overall, there was a surplus of £47,786 for the year.

Designated Funds

During the year the PCC voted to designate funds totalling £90,000 to support the deficits projected for the next three years. This sum. derived from past legacy income, is deposited in the Cumberland Building Society at the year end, as detailed in note 9.

Restricted funds

These include receipts for staff posts together with related Gift Aid totalling £13,193 at the year end.

Legacy policy

At St. Thomas' we welcome gifts in wills however large or small, and we promise to use such gifts to make a significant difference in the spread and proclamation of the Gospel of the Lord Jesus Christ in this community and elsewhere.

The PCC recommends that gifts in wills are unrestricted, so that the funds can be used for whatever purpose is currently needed to extend the mission and ministry of the church. As an alternative to the restricted gift a letter of wishes can be attached to a will, which the PCC will endeavour to honour.

Substantial legacies will be used for significant projects, or substantial repairs, such as:

Reserves policy

The Finance Committee reviewed the policy on reserves and brought the matter to the PCC for discussion when the budget was approved. The aim is to maintain a reserve equivalent to one month's payments to cover emergency situations that may arise from time to time. The balance of £41,248 on the General Bank Account together with the £31,866 of General funds in the Cumberland Building Society at the year-end covered this target. The PCC will endeavour to ensure reserves are held in sufficiently liquid assets.

There is a balance of £22,662 in the restricted fund as detailed in note 10.

It is our policy to invest surplus funds with the Cumberland Building Society.

5

Parochial Church Council of St Thomas' Church Kendal

Annual Report

for the Year Ended 31[st] December 2022 (continued)

Volunteers

The members of the PCC would like to thank all volunteers who work so tirelessly to make our church a lively and vibrant community.

Structure, governance and management

The method of appointment of PCC members is set out in the Church Representation Rules. The Council comprises the incumbent, the Churchwardens, a representative of the Readers, those elected to the Deanery Synod, and other members elected at the Annual Parochial Church Meeting by those on the Electoral Role. Members of the congregation are encouraged to register on the Electoral Roll and stand for election to the PCC.

The full PCC met seven times during the year. Groups met between meetings as appropriate and reported back to the PCC for discussion and decision. The key groups on the PCC are the Standing Committee, the Staffing Committee, Building Committee and the Finance Committee.

Special committees are formed if particular issues need some specific consideration before being presented to the full PCC.

PCC members who have served from 1 January 2022 until the date this report was approved are:

Incumbent The Revd George Briggs (Chairman) Curate The Revd Vic Sekasi Wardens Mr Tim Waddington Mr David Neale Deanery Synod Mrs Christine Burgess Mr Clive Handley Mr Mike Crees Elected Members Mrs Beth Booker Mr Kevin Cook Mr Andrew Kohn Mrs Moyra Lee

The Acting Treasurer is Mr Kevin Cook.

Approved by the PCC on 17[th] April 2023 and signed on its behalf by

Rev'd George Briggs (Chairman)

Clive Handley (Vice Chairman)

6

Parochial Church Council of St Thomas' Church Kendal

Statement of Parochial Church Council's Responsibilities for the Year Ended 31[st] December 2022 (continued)

The purpose of this statement is to distinguish the Parish Church Council's responsibilities for the accounts from those of the independent examiners as stated in their report.

Law applicable to Parochial Church council in England & Wales requires the Council to prepare financial statements for each financial year which give a true and fair view of the Council's financial activities during the year and of its financial position at the end of the year. In preparing financial statements giving a true and fair view, the Council should follow best practice and:

The Council are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the church and which enable them to ascertain the financial position of the Council and which enable them to ensure that the financial statements comply with applicable law and regulations. They are also responsible for safeguarding the assets of the Council and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

8

Parochial Church Council of St Thomas' Church Kendal

Independent Examiner's Report to the Parochial Church Council

I report to the members of the Parochial Church Council (PCC} of St Thomas' Church Kendal {the Charity} on my examination of the accounts of the charity for the year ended 31st December 2022 which are set out on pages 9 to 17.

Responsibilities and basis of report

As members of the PCC you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act") and the Church Accounting Regulations 2006.

I report in respect of my examination of the charity's accounts carried out under section 145 of the 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, and to be found in the Church guidance.

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 the PCC 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 applicable 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.

Helen Holmes BSc FCA Independent Examiner Stables Thompson & Briscoe Lowther House Kendal LA94DX

Dated: (

8

Parochial Church Council of St Thomas' Church Kendal Independent

Examiner's Report to the Parochial Church Council

I report to the members of the Parochial Church Council {PCC} of St Thomas' Church Kendal (the Charity} on my examination of the accounts of the charity for the year ended 31st December 2022 which are set out on pages 9 to 17.

Responsibilities and basis of report

As members of the PCC you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act") and the Church Accounting Regulations 2006.

I report in respect of my examination of the charity's accounts carried out under section 145 of the 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, and to be found in the Church guidance.

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 the PCC 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 applicable 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.

· L--

Helen Holmes BSc FCA Independent Examiner Stables Thompson & Briscoe Lowther House Kendal LA94DX

Dated: f) (

8

Parochial Church Council of St Thomas' Church Kendal

Statement of Financial Activities

as at 31 December 2022

Incomefrom:
Notes
Donations and legacies
2(a)
Church activities
2(b)
Other trading activities
2(c)
Investment income
2(d)
Other
2(e)
Total Income and endowments
Expenditure on:
Church activities
3(a)
Governance costs
3(b)
Letting costs
Total Resources Expended
Loss/Gain on Investments
5
Net lncome/(expenditure)
Transfers between Funds
10
Net Movement in Funds
Funds Reconciliation
Balances brought forward
Balances carried forward at
31st December 2022		 Unrestricted
Restricted
Total
Funds
£
Funds
£
2022
£
259,229
11,210
270,439
12,081
1,641
13,722
7,560
7,560
10,227
10,227
0
0		 Unrestricted
Restricted
Total
Funds
£
Funds
£
2022
£
259,229
11,210
270,439
12,081
1,641
13,722
7,560
7,560
10,227
10,227
0
0		 Total
2021
£
217,715
8,269
4,910
10,167
0
289,097
12,851
231,531
10,952
8,035
3,385
242,951
10,952
-259
46,146
1,640
-18
18
46,128
1,658
177,110
21,004
223,238
22,662		 301,948
242,483
8,035
3,385/
253,903
-259
47,786
0
iI? 1 jiij§-i
198,114
245,900
241,061
209,301
9,016
3,881
222,198
280
19,143
0
19,143
178,971
198,114

9

Parochial Church Council of St Thomas' Church Kendal

Balance Sheet

as at 31 December 2022

Notes
Fixed Assets
Tangible fixed assets
4
Investments at valuation
5
Current Assets
6
Debtors and prepayments
Short term deposits
Cash at Bank
CurrentLiabllities
Creditors due within
one year
7
Net Current Assets
Loan
Net Assets
Parish Funds
Unrestricted
8
Designated
9
Restricted
10		 Notes
Fixed Assets
Tangible fixed assets
4
Investments at valuation
5
Current Assets
6
Debtors and prepayments
Short term deposits
Cash at Bank
CurrentLiabllities
Creditors due within
one year
7
Net Current Assets
Loan
Net Assets
Parish Funds
Unrestricted
8
Designated
9
Restricted
10		 2022
£
8,549
130,967
52,671		 £
91,293
1,837		 £
9,613
78,134
22,982		 2021 £
93,395
2,096
95,491
102,623
0

93,130
172,770
-20,000

192,187
-19,417
110,729
-8,106
245,900
133,238
90,000
22,662
245,900		 198,114
143,510
33,600
21,004
198,114

Approved by the Parochial Church Council of the Parish Church of St Thomas' Church, Kendal on 13th March 2023 and signed on its behalf by:

"' ' - t < , L:x.k The Revd George Briggs Kevin Cook BSc FCA Priest in Charge Acting Treasurer

The notes on pages 11 to 17 form part of these accounts,

10

Parochial Church Council of St Thomas' Church Kendal

Notes to the Financial Statements

for the Year Ended 31 December 2022

Unrestricted
Restricted
Funds
Funds
2 Income and endowments
£
£
a) Donations and legacies
Planned giving
152,180
Loose collections
3,930
Online donations
3,920
Contactless donations
971
Legacies
54,855
Grants
6,041
Donations
8,177
9,554
Gift Aid Tax
29,155
1,656
259,229
11,210
b) ChurchActivities
Retreat monies
1,050
Discipleship course
330
PCC fees
1,400
Sundry income
10,681
261
12,081
1,641
c) Other trading activities
Lettings and catering
7,560
d) Investment Income
Rental income
9,650
Interest received
577
10,227
e) other Income
0
Total Income and endowments
289,097
12,851		 Unrestricted
Restricted
Funds
Funds
2 Income and endowments
£
£
a) Donations and legacies
Planned giving
152,180
Loose collections
3,930
Online donations
3,920
Contactless donations
971
Legacies
54,855
Grants
6,041
Donations
8,177
9,554
Gift Aid Tax
29,155
1,656
259,229
11,210
b) ChurchActivities
Retreat monies
1,050
Discipleship course
330
PCC fees
1,400
Sundry income
10,681
261
12,081
1,641
c) Other trading activities
Lettings and catering
7,560
d) Investment Income
Rental income
9,650
Interest received
577
10,227
e) other Income
0
Total Income and endowments
289,097
12,851		 Unrestricted
Restricted
Funds
Funds
2 Income and endowments
£
£
a) Donations and legacies
Planned giving
152,180
Loose collections
3,930
Online donations
3,920
Contactless donations
971
Legacies
54,855
Grants
6,041
Donations
8,177
9,554
Gift Aid Tax
29,155
1,656
259,229
11,210
b) ChurchActivities
Retreat monies
1,050
Discipleship course
330
PCC fees
1,400
Sundry income
10,681
261
12,081
1,641
c) Other trading activities
Lettings and catering
7,560
d) Investment Income
Rental income
9,650
Interest received
577
10,227
e) other Income
0
Total Income and endowments
289,097
12,851		 Unrestricted
Restricted
Funds
Funds
2 Income and endowments
£
£
a) Donations and legacies
Planned giving
152,180
Loose collections
3,930
Online donations
3,920
Contactless donations
971
Legacies
54,855
Grants
6,041
Donations
8,177
9,554
Gift Aid Tax
29,155
1,656
259,229
11,210
b) ChurchActivities
Retreat monies
1,050
Discipleship course
330
PCC fees
1,400
Sundry income
10,681
261
12,081
1,641
c) Other trading activities
Lettings and catering
7,560
d) Investment Income
Rental income
9,650
Interest received
577
10,227
e) other Income
0
Total Income and endowments
289,097
12,851		 Total
2022
£
152,180
3,930
3,920
971
54,855
6,041
17,731
30,811		 Total
2021
£
156,527
1,279
3,025
160
0
6,517
18,410
31,797
259,229 11,210 270,439 217,715
1,400
10,681		 1,050
330
261		 1,050
330
1,400
10,942		 0
1,190
7,079
12,081
7,560
9,650
577
10,227
0
289,097		 1,641
12,851		 13,722
7,560
9,650
577
10,227
0
301,948		 8,269
4,910
9,720
447
10,167
0
241,061

11

Parochial Church Council of St Thomas' Church Kendal

Notes to the Financial Statements

for the Year Ended 31 December 2022

3 Resources Expended
a) Church activities
Mission and charitable giving
Overseas and home mission
Pension
Youth expenditure
Expenses
Discipleship
Discipleship courses
Working expenses of vicar
Working expenses of curate
Other expenses
Evangelism
Alpha courses
Blessing the community
Fellowship
Fellowship expenses
Worship
Flowers and decorations
PCC fees to Diocese
Vicarage Maintenance
Letting expenses
Parish resources
Total cost of Church Activities
Support costs (see 3c)
Administration costs
Building running costs
Barchester Fund
Gift from Ladies Breakfast
Gifts to those Training for Ministry
Diocesan parish contribution
Childrens and family work
Staff costs
Pension
Toddlers and DJs
Expenses
Youth work
Staff costs		 Unrestricted
Funds
£
20,600 /
/
1,466/
935 /
94/
3,415/
1,964/
823 /
107/
500/
122_/_
896/
1,168 /
1,632
2,677 /
308 ./
/
4,000
0 ,,
75,000 ,,,
23,467 ,;
1,460 "'
2,528 "'
54
25,933 "'		 Restricted
Funds
£
150
704I
1,374
,
2,328
8,624
10.952
100.,,		 Total
Total
2022
£
2021
£
20,600
21,260
1,466
0
1,085
75
94
0
704
270
3,415
1,911
1,964
1,495
823
1,050
107
0
500
139
1,496
1,854
896
82
1,168
1,228
1,632
2,677
1,173
308
434
171,477
133,903
34,123
40,717
36,883
34,681
4,000
4,000
100
0
0
1,000
75,000
72,000
23,467
22,754
1,460
1,375
2,528
1,739
54
64
25,933
0
169,149
34,123
28,259
231,531
242.483
209.301

12

Parochial Church Council of St Thomas' Church Kendal

Notes to the Financial Statements

for the Year Ended 31 December 2022

b) Governance Costs
Accounts staff costs
Independent Examiners fee
Support costs (see 3c)
c)Support Costs
Administration costs
Administration staff
Pensions
Training
Postage and bank charges
Printing and Photocopying
Telephone
Food and consumables
Website costs
Computer supplies
Subscriptions
Reference materials
Ofiice consumables
Sundry (inc leaving gifts)
Advertising staff post
Depreciation
Building running costs
Cleaner
Electricity
Gas
Water
Insurance
Repairs and maintenance
Cleaning supplies
Depreciation		 Unrestricted
Funds
£
4,804,,,
1,575 .,
1,656
8,035
19,219
/
1,624 /
1,907 .,,
302 .,
2,522 /
1,875
,
970
'
1,183
0
2,305 ,,,
304
/
2,337
,
275 ,,,
956'
35,779
4,703 ,,,
7,641 ,,,
3,801 /
553 /
3,895,,,
6,017_I_
503/
1,146"
28,259		 Restricted
Funds
£		 Total
2022
£
4,804
1,575
1,656		 Total
2021
£
5,385
1,500
2,131
8,035
19,219
1,624
1,907
302
2,522
1,875
970
1,183
0
2,305
304
2,337
275
956		 9,016
21,539
1,554
2,708
1,208
1,932
1,808
649
2,015
0
2,554
570
2,415
2,172
448
1,276
0
8,624		 35,779
4,703
7,641
3,801
553
3,895
14,641
503
1,146		 42,848
5,088
4,994
8,562
310
3,776
10,385
420
1,146
8,624 36,883 34,681

13

Parochial Church Council of St Thomas' Church Kendal

Notes to the Financial Statements

for the Year Ended 31 December 2022

c) Support Costs • continued

Support Costs • continued
Church
Governance
activities
costs
Administrationcosts
34,123
1,656
Building running costs
36,883
Total
71,006
1,656		 Fund
raising
0		 Total
2022
35,779
36,883
72.662

Support costs have been allocated on a best estimate of the usage, both in nature and time

d) Staff Costs
Wages and salaries
Paid on behalf of other Churches
Social security costs
Pensioncosts		 2022
£
77,567
-4,648
5,027
4,550
82,496		 2021
£
56,349
-4,648
3,064
2,929
57,694

The average number of employees during the year was 5 . (2021:4). Of these, two were full time posts, two employees were on a job share, and the cleaner was part- time.

There were no employees whose emoluments exceeded £60,000.

The PCC operate a contributory Pension Scheme for Employees which complied with the auto- enrolment provisions. All Employees have been invited to join the scheme and make a contribution of 5% or 6%. The PCC matched these contributions.

No trustees received remuneration as an employee of the church during the year. (2020: 0).

Two full-time Clergy were reimbursed for expenses in the course of their duties totalling £5,379. Key management personnel was the Priest in Charge who is paid by the Diocese of Carlisle.

14

Parochial Church Council of St Thomas' Church Kendal

Notes to the Financial Statements

for the Year Ended 31 December 2022

Freehold Land
and Buildings
£
4
Tangible Fixed Assets
Cost
At1January2022
114,588
Additions
Disposals
At31December2022
114,588
Depreciation
At1January2022
22,919
Charge for the year
1,146
On disposals
At31December2022
24,065
Net Book Amount
At1January2022
91,669
At31December2022
90,523		 Church
Equipment
£
142,098		 Church
Equipment
£
142,098		 Total
£
256,686		 Total
£
256,686
142,098
140,372
956		 256,686
163,291
2,102
141,328
1,726
770		 165,393
93,395
91,293

The property is held in the name of St Thomas's (Kendal) Trust

All the assets are unrestricted and used for charitable purposes.

5
Investments
Restricted
Funds
Market Value
At1January2022
2,096
Net unrealised loss in year
259
At31December2022
1,837
Holdings as at 31 December 2022
CBF Investment Fund Income Shares
1,837		 Total
2022
2,096
259
1,837
11837

15

Parochial Church Council of St Thomas' Church Kendal

Notes to the Financial Statements

for the Year Ended 31 December 2022

6 a)
b)
c)
7
8
Debtors
Gift Aid receivable
Prepayments
Letting owing
Other debtors
Short term deposits
Restricted
Designated
Unrestricted
Cash at bank
Restricted
Unrestricted
Liabilitiesdue withinone year
Independent Examiners fee
Missionary and charitable giving
PAYE and NIC
Pension scheme
Sundry creditors and accued expenses
Analysis of Net AssetsbyFund
Unrestricted
Designated
Funds
Funds
£
£
Tangible fixed assets
91,293
Investments
Current assets
81,362
90,000
Current liabilities
-19,417
Loan
-20,000
Fund balance
133,238
90,000		 6 a)
b)
c)
7
8
Debtors
Gift Aid receivable
Prepayments
Letting owing
Other debtors
Short term deposits
Restricted
Designated
Unrestricted
Cash at bank
Restricted
Unrestricted
Liabilitiesdue withinone year
Independent Examiners fee
Missionary and charitable giving
PAYE and NIC
Pension scheme
Sundry creditors and accued expenses
Analysis of Net AssetsbyFund
Unrestricted
Designated
Funds
Funds
£
£
Tangible fixed assets
91,293
Investments
Current assets
81,362
90,000
Current liabilities
-19,417
Loan
-20,000
Fund balance
133,238
90,000		 2021
£
7,595
250
423
1,346
9,614
8,170
33,600
36,364
78,134
10,758
12,224		 2021
£
7,595
250
423
1,346
9,614
8,170
33,600
36,364
78,134
10,758
12,224
78,134
10,758
12,224
22,982
1,500
4,000
394
386
1,826
8,106
Total
2022
£
91,293
1,837
192,187
-19,417
-20,000		 8,106
Fund balance
133,238
90,000		 22,662 245,900

16

I •

Parochial Church Council of St Thomas' Church Kendal

Notes to the Financial Statements

for the Year Ended 31 December 2022

9 Designated Funds 2022 2021
£ £
Balance at 1 January 2022 33,600 43,200
Appropriated during the year -20,600 -9,600
Additional sum designated from legacies 77,000
Balance at 31 December 2022 90,000 33,600

The designated funds of the PCC comprised funding towards the payment of staff salaries for three years commencing 1st January 2019. These funds were derived from two legacies received since 2015 from members of the Church who had a passion for Children and young peoples' work.

These funds are held in the Cumberland Building Society, from which a withdrawal of £20,600 was made during the year.

When the Budget for 2023 was drawn up, it became apparent that there would be an operating loss in 2023 and beyond. Accordingly, the PCC voted to set aside unspent legacy monies from the past, and the £54,855 received in 2022, to create a fund of £90,000 which would finance three years with a deficit in the region of £30,000.

10 Restricted Funds Total Total
2022 2021
£ £
Balance at 1 January 2022 21,004 15,999
Incoming resources 12,851 5,714
Resources expended -10,952 -1,031
Investment loss/ gain -259 280
Transfers 18 42
Balance at 31 December 2022 22,662 21,004

The restricted funds of the PCC comprise the following: 

17