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2022-12-31-accounts

REGISTERED CHARITY NUMBER: 1129909

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

BREDON PAROCHIAL CHURCH COUNCIL

Clifton-Crick Sharp & Co. Ltd Chartered Accountants

40 High Street Pershore Worcestershire WR10 1DP

BREDON PAROCHIAL CHURCH COUNCIL

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

Page
Report of the Trustees 1 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Financial Statements 9 to 15
Detailed Statement of Financial Activities 16 to 17

BREDON PAROCHIAL CHURCH COUNCIL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022

The trustees present their report with the financial statements of the charity for the year ended 31 December 2022. The trustees have adopted the provisions of 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 2019).

The PCC is a charity registered with the Charity Commission on 1June 2009. We are registered under the name "The Parochial Church Council of the Ecclesiastical Parish of St Giles, Bredon in the Diocese of Worcester." There is one charity and one trust with which the PCC is associated in connection with St Giles Church, namely:

The Friends of St Giles

Bredon Meadow Trust, from which the PCC receives a rental income

OBJECTIVES AND ACTIVITIES

Aims & purposes

The PCC has the responsibility in promoting the whole mission of the Church - pastoral, evangelistic, social and ecumenical - in the ecclesiastical parish. To facilitate this work the PCC is also specifically responsible for maintaining the fabric of St Giles and the adjoining Church Rooms, and the Chapel of Ease at Bredon's Norton

When planning our activities for the year, the incumbent and the PCC have considered the Commission's guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. In co-operation with the incumbent, the PCC is committed to enabling as many people as possible to worship at our church and to become part of our parish communities at St Giles and Bredon's Norton. The PCC maintains an overview of worship throughout the parish and makes suggestions on how our services can involve the many groups that live within our parish.

FINANCIAL REVIEW

Reserves policy

The PCC strives to maintain sufficient reserves to ensure that it has the necessary working capital to meet expenditure on the maintenance of the church buildings and plant as well as being prepared for unforeseen emergency repairs and replacements. This is estimated as a minimum of nine months expenditure on General Account for St Giles and considerably more for Bredon's Norton where the congregation, and therefore the income, is considerably smaller.

Page 1

BREDON PAROCHIAL CHURCH COUNCIL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022

FINANCIAL REVIEW St Giles

2022 has been a better financial year for St Giles. There were no lockdown restrictions and attendance slowly started to pick up, although not to pre-pandemic levels. Our general income was higher than in both 2020 and 2021 figures (excluding the substantial legacy received in 2021) and we were again fortunate to receive a very generous £1,000 legacy for the benefit of the church.

This year's Ministry Share for Bredon with Bredon's Norton should have been £40,420, lower than in previous years as the split between Bredon, Eckington and Defford with Besford was adjusted by mutual agreement between the three PCC's. The total paid this year was £24,000 of which £2,850 was contributed by Bredon's Norton. This was again our biggest expense and one which we have continued to review as the PCC appreciates the necessity of paying their full share but has to measure this against its ability to pay in view of other current and anticipated expenses. It has subsequently been agreed, again unanimously, that a balancing payment should be made to the Diocese from our reserves so that we will have paid the full requirement for 2022. This is therefore shown as a creditor in the accounts. This was done on the understanding that we may have to reduce our monthly contributions for 2023 if expenses necessitate.

Points to note this year include:

Royal British Legion £977.61 (includes amount collected in both 2021) Emmaus Gloucester £332.09

CofE Children's Society £155.00 Bredon Meet, Heat and Keep Warm £100.00

For 2022 we made a profit of £101 (2021 profit £29,850 and 2020 loss £15,082) but if we exclude the legacy payment it would have been a loss of £899. If we had paid the parish share in full we would have made a loss of £16,319 and excluding the legacy payment it would have been a loss of £17,319. It is significant that although income from donations and fund-raising was higher than in 2021, our higher expenses meant we broke even rather than making a profit.

In the balance sheet for 2022 we have changed the presentation of the value for our investments from initial book value to market value at the end of the accounting period, as this gives a more accurate reflection of value of the assets.

The PCC has and will continue to review the expenses for the coming year and adjust where necessary and practicable. For 2023 Ministry Share is to increase by 2% and the PCC has voted (not unanimously) to pay this in full each month. However, we will have to carefully monitor our income and outgoings throughout the year.

As always, the very valued contributions from the Parish magazine, donations from regular givers, church room rental, gift aid, support from The Friends of St Giles and one-off donations are hugely appreciated. As is the hard-work, effort, support and care given by the members of the community and all the members of the PCC.

Page 2

BREDON PAROCHIAL CHURCH COUNCIL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022

FINANCIAL REVIEW

Bredons Norton

Draft figures for the year 2022 show Income at £9,934, (2021 £5,374), and Expenditure £5,738 (2020 £3,462), leaving an operating surplus of £4,196, against last year's surplus of £1,912. Just over one half the income came from Covenants, Gift Aid and Uncovenanted Planned Giving, which is an increase of 59% on the previous year, the result of an appeal to all Villagers made earlier last year. Income Tax recovery remained at about the same level, £900. Dividend & interest income from deposit & investment accounts raised over £800, (£200 in 2021) Fund raising events produced £1,436 against £200 in the previous year, with a successful Plant Fair producing £833 and the Village Calendar £440. Similar initiatives are being planned for this year, including a Concert to be held in the Church featuring the Village Choir and local musicians.

Expenditure for the year at £5,738 was higher than last year by £2,276, mainly due to a doubling of payments made toward Parish Share (which we suspended during part of 2021) and to expenditure on Church maintenance, organ tuning, checking of electrics, and the purchase of two replacement vacuum cleaners.

Value of underlying investments. You will note however that the net result for the year, in spite of the operating surplus, is an overall surplus of £397.00. This is because the investments made in September 2021 have taken a knock in value of £3,799 as a result of the global turmoil that has blighted the markets throughout 2022. As an example of market volatility it should be noted however that the value of these investments improved by £1,185 in January 2023 alone, and my view remains that these holdings must be seen as long term investments with short term fluctuations in value, both up & down, only to be expected. The Funds, on the other hand yielded £805 in dividend & interest income over the year, a useful addition to revenue, which we did not have before.

Mention should be made here of Ministry Share, which is the new name for Parish Share, the payment made by Benefices to the Church of England as their contribution to the stipends and pensions of Clergy and Diocesan on-costs. The basis for calculating this figure has been changed and the annual figure due from Bredon & Bredons Norton is £41,227, a figure that the Bredon PCC agreed should be paid in full, with Bredons Norton share being 15/85 of this total, £6,184 pa or £515/month. Following discussions with the PCC I suggested that a fairer allocation of cost, based on village size, population etc would be 90/10, reducing the Bredons Norton sum to £4,122.70 per annum, or £344 per month which although a substantial increase on the £250 per month we are currently paying should be affordable, particularly if we can maintain the current level of revenue. This proposal is expected to be approved at the next PCC meeting.

To summarise the result for 2022, some energetic fund raising activity and increases in monthly planned contributions have seen a welcome increase in net revenue, however the net figure for the year shows a deficit owing to the fall in underlying investment value.

A very welcome boost to the Church's fortunes was the successful replacement of the manual clock winding mechanism with an electrically operated one, and which was made possible by funds provided by the Estate of the late Alan Davies. The cost of this work, over £10,000, was met in entirety from the proceeds of Alan's legacy, and the project was approved unanimously after consultation with the entire Village, whether Church goers or not. The clock appears to be working perfectly, and the project has been a great success. Our grateful thanks go to the Executors of Alan's Estate, and to the Rew and Goodall families whose increasingly arduous efforts kept the clock functioning over many years.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Operating under the Parochial Church Council Powers Measure 1956, the PCC is a corporate body established by the Church of England. The only statutory sub-committee is the Standing Committee (SC). Decisions made by the SC are subject to ratification by the full PCC at its next meeting.

The parish of Bredon and Bredon's Norton consists of Bredon village, the village of Bredon's Norton and the three smaller villages of Westmancote, Kinsham and Bredon's Hardwick. At the 2001 census the parish had a population of 2,720 occupying 1,155 households - of which a fraction over half lived in Bredon itself. This population was forecast to increase by 5.5% by the time of last year's census, although the detailed figures for Bredon have yet to emerge.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1129909

Page 3

BREDON PAROCHIAL CHURCH COUNCIL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022

Principal address

The Rectory Main Road Bredon Tewkesbury Gloucestershire GL20 7LT

Trustees Churchwardens:

Mr A Chapman Mrs A Godsell

Members of the Parochial Church Council (PCC) who have served from 1 January 2021 until the date of this report were:

Rev A Davies Mrs G Streeter (Hon Treasurer from 15 September 2021) Mrs D L Denny Mrs V M Ebbage# Mr P M Meadows (Assistant Churchwarden Bredon's Norton) Mrs L Poulton Mrs B Baynes (PCC Secretary) Mrs P Frith Mrs J Whitfield Mrs A Godsell Mrs Carol Miller Mrs I Brewis Mr C Wolstenholme Mr J Rankin Mr A Chapman Mr P Whitehead # Mrs E Lane

# denotes Deanery Synod member (DS)

Bredon's Norton Church Officers: Mr P M Meadows (Assistant Churchwarden) Mr J Rankin (Hon Treasurer) Mr M Barrett (Safety Officer)

The method of appointment of PCC members is 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 is a charity registered with the Charity Commission. We are registered under the name "The Parochial Church Council of the Ecclesiastical Parish of St Giles, Bredon in the Diocese of Worcester." Registered Number 1129909 and has a working name of Bredon PCC. There is one charity and one trust with which the PCC is associated in connection with St Giles Church, namely:

Page 4

BREDON PAROCHIAL CHURCH COUNCIL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022

REFERENCE AND ADMINISTRATIVE DETAILS

Independent Examiner

Clifton-Crick Sharp & Co. Ltd Chartered Accountants 40 High Street Pershore Worcestershire WR10 1DP

The Priest in Charge: The Revd Allison Davies*

The Rectory Drakes Bridge Road Eckington Worcestershire WR10 3BN

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

........................................................................ Trustee

Page 5

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BREDON PAROCHIAL CHURCH COUNCIL

Independent examiner's report to the trustees of Bredon Parochial Church Council

I report to the charity trustees on my examination of the accounts of Bredon Parochial Church Council (the Trust) for the year ended 31 December 2022.

Responsibilities and basis of report

As the charity trustees of the Trust 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 Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all 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 the Trust 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.

Meinir Bird

Clifton-Crick Sharp & Co. Ltd Chartered Accountants 40 High Street Pershore Worcestershire WR10 1DP

Date: .............................................

Page 6

BREDON PAROCHIAL CHURCH COUNCIL

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022

31.12.22 31.12.21
Unrestricted Restricted Total Total
funds funds funds funds
Notes £ £ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 48,457 - 48,457 67,791
Other trading activities 2 7,548 - 7,548 1,666
Investment income 3 532 663 1,195 1,044
Other income 20,654 - 20,654 11,378
Total 77,191 663 77,854 81,879
EXPENDITURE ON
Raising funds 945 - 945 400
Other 79,259 9,975 89,234 49,717
Total 80,204 9,975 90,179 50,117
Net gains/(losses) on investments 9,855 (1,662) 8,193 -
NET INCOME/(EXPENDITURE) 6,842 (10,974) (4,132) 31,762
Transfers between funds 9 (15,000) 15,000 - -
Net movement in funds (8,158) 4,026 (4,132) 31,762
RECONCILIATION OF FUNDS
Total funds brought forward 85,357 65,906 151,263 119,501
TOTAL FUNDS CARRIED FORWARD 77,199 69,932 147,131 151,263

The notes form part of these financial statements

Page 7

BREDON PAROCHIAL CHURCH COUNCIL

BALANCE SHEET 31 DECEMBER 2022

Unrestricted
Restricted
funds
funds
Notes
£
£
FIXED ASSETS
Investments
6
54,855
7,338
CURRENT ASSETS
Debtors
7
6,134
-
Cash at bank and in hand
33,938
62,594
40,072
62,594
CREDITORS
Amounts falling due within one year
8
(17,728)
-
NET CURRENT ASSETS
22,344
62,594
TOTAL ASSETS LESS CURRENT
LIABILITIES
77,199
69,932
NET ASSETS
77,199
69,932
FUNDS
9
Unrestricted funds
Restricted funds
TOTAL FUNDS		 31.12.22
Total
funds
£
62,193
6,134
96,532
102,666
(17,728)
84,938
147,131
147,131
77,199
69,932
147,131		 31.12.21
Total
funds
£
54,000
5,607
92,455
98,062
(799)
97,263
151,263
151,263
85,357
65,906
151,263

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. Trustee

The notes form part of these financial statements

Page 8

BREDON PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Raising funds

Rental income from the letting of church premises is recognised when the rental is due.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Funds

General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application for the general purposes of the PCC. Funds designated by the PCC for particular purposes are also unrestricted.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the church for particular purposes. The cost of raising and administering such funds are charged against the specific fund.

The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include financial statements of church groups that owe their main affiliation to another body nor those that are informal gatherings of church members.

continued...

Page 9

BREDON PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022

2. OTHER TRADING ACTIVITIES

2. OTHER TRADING ACTIVITIES
31.12.22 31.12.21
£ £
Fundraising events 7,548 1,666
3. INVESTMENT INCOME
31.12.22 31.12.21
£ £
Rents received 390 840
Dividends received 517 -
Deposit account interest 288 204
1,195 1,044

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
48,207
Other trading activities
1,666
Investment income
1,044
Other income
11,378
Total
62,295
EXPENDITURE ON
Raising funds
400
Other
49,509
Total
49,909
NET INCOME
12,386
RECONCILIATION OF FUNDS
Total funds brought forward
72,971
TOTAL FUNDS CARRIED FORWARD
85,357		 Restricted
funds
£
19,584
-
-
-
19,584
-
208
208
19,376
46,530
65,906		 Total
funds
£
67,791
1,666
1,044
11,378
81,879
400
49,717
50,117
31,762
119,501
151,263

continued...

Page 10

BREDON PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022

6. FIXED ASSET INVESTMENTS

FIXED ASSET INVESTMENTS
Listed
investments
£
MARKET VALUE
At 1 January 2022 54,000
Revaluations 11,992
Impairments (3,799)
At 31 December 2022 62,193
NET BOOK VALUE
At 31 December 2022 62,193
At 31 December 2021 54,000
There were no investment assets outside the UK.
Cost or valuation at 31 December 2022 is represented by:
Listed
investments
£
Valuation in 2022 8,193
Cost 54,000
62,193
If the investments had not been revalued they would have been included at the following historical cost:
31.12.22 31.12.21
£ £
Cost 54,000 54,000

Fixed asset investments were valued on an open market basis basis on 31 December 2022 by third party valuation..

In the balance sheet for 2022 we have changed the presentation of the value for our investments from initial book value to market value at the end of the accounting period, as this gives a more accurate reflection of value of the assets.

continued...

Page 11

BREDON PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022

7.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
8.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors
9.
MOVEMENT IN FUNDS
Net
movement
At 1.1.22
in funds
£
£
Unrestricted funds
St Giles Church, Bredon
62,528
5,724
Bredon's Norton Church
22,829
1,118
85,357
6,842
Restricted funds
Bell Fund
1,199
(392)
Organ Fund
32,455
(1,513)
Fabric Fund
22,873
(8,030)
Bell Fund
9,379
(1,039)
65,906
(10,974)
TOTAL FUNDS
151,263
(4,132)
Net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
Unrestricted funds
St Giles Church, Bredon
68,238
(74,506)
Bredon's Norton Church
8,953
(5,698)
77,191
(80,204)
Restricted funds
Bell Fund
-
(392)
Organ Fund
-
(1,513)
Fabric Fund
-
(8,030)
Bell Fund
663
(40)
663
(9,975)
TOTAL FUNDS
77,854
(90,179)		 31.12.22
31.12.21
£
£
6,134
5,607
31.12.22
31.12.21
£
£
17,728
799
Transfers
between
At
funds
31.12.22
£
£
(15,000)
53,252
-
23,947
(15,000)
77,199
-
807
15,000
45,942
-
14,843
-
8,340
15,000
69,932
-
147,131
Gains and
Movement
losses
in funds
£
£
11,992
5,724
(2,137)
1,118
9,855
6,842
-
(392)
-
(1,513)
-
(8,030)
(1,662)
(1,039)
(1,662)
(10,974)
8,193
(4,132)

continued...

Page 12

BREDON PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022

9. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

At 1.1.21
£
Unrestricted funds
General fund
(825)
St Giles Church, Bredon
50,760
Bredon's Norton Church
23,036
72,971
Restricted funds
Bell Fund
1,199
Organ Fund
32,662
Fabric Fund
3,290
Bell Fund
9,379
46,530
TOTAL FUNDS
119,501
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
St Giles Church, Bredon
62,502
Bredon's Norton Church
(207)
62,295
Restricted funds
Organ Fund
1
Fabric Fund
19,583
19,584
TOTAL FUNDS
81,879		 Net
movement
At
in funds
31.12.21
£
£
-
(825)
12,593
63,353
(207)
22,829
12,386
85,357
-
1,199
(207)
32,455
19,583
22,873
-
9,379
19,376
65,906
31,762
151,263
Resources
Movement
expended
in funds
£
£
(49,909)
12,593
-
(207)
(49,909)
12,386
(208)
(207)
-
19,583
(208)
19,376
(50,117)
31,762

continued...

Page 13

BREDON PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022

9. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
St Giles Church, Bredon
Bredon's Norton Church
Restricted funds
Bell Fund
Organ Fund
Fabric Fund
Bell Fund
TOTAL FUNDS		 At 1.1.21
£
(825)
50,760
23,036
72,971
1,199
32,662
3,290
9,379
46,530
119,501		 Net
movement
in funds
£
-
18,317
911
19,228
(392)
(1,720)
11,553
(1,039)
8,402
27,630		 Transfers
between
funds
£
-
(15,000)
-
(15,000)
-
15,000
-
-
15,000
-		 At
31.12.22
£
(825)
54,077
23,947
77,199
807
45,942
14,843
8,340
69,932
147,131

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Gains and Movement
resources expended losses in funds
£ £ £ £
Unrestricted funds
St Giles Church, Bredon 130,740 (124,415) 11,992 18,317
Bredon's Norton Church 8,746 (5,698) (2,137) 911
139,486 (130,113) 9,855 19,228
Restricted funds
Bell Fund - (392) - (392)
Organ Fund 1 (1,721) - (1,720)
Fabric Fund 19,583 (8,030) - 11,553
Bell Fund 663 (40) (1,662) (1,039)
20,247 (10,183) (1,662) 8,402
TOTAL FUNDS 159,733 (140,296) 8,193 27,630

continued...

Page 14

BREDON PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022

10. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2022.

Page 15

BREDON PAROCHIAL CHURCH COUNCIL

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022

DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2022
31.12.22 31.12.21
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 41,675 17,903
Gift aid 6,782 49,888
48,457 67,791
Other trading activities
Fundraising events 7,548 1,666
Investment income
Rents received 390 840
Dividends received 517 -
Deposit account interest 288 204
1,195 1,044
Other income
PCC fees - 242
Magazine income 10,044 4,191
Church room hire 10,610 7,861
Bredons Norton - (916)
20,654 11,378
Total incoming resources 77,854 81,879
EXPENDITURE
Raising donations and legacies
Fundraising costs 945 400
Other
Parish share 42,417 20,222
Church running costs 6,257 4,223
Ministry expenses 2,034 1,055
Insurance 6,634 6,145
Church maintenance 20,044 10,058
Magazine expenses 5,530 4,817
Sundries 2,447 617
Upkeep of services 470 333
Charitable giving 2,118 890
87,951 48,360
Support costs
Governance costs
Auditors' remuneration 1,283 1,357

This page does not form part of the statutory financial statements

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BREDON PAROCHIAL CHURCH COUNCIL

DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2022
31.12.22 31.12.21
£ £
Total resources expended 90,179 50,117
Net (expenditure)/income before gains and
losses (12,325) 31,762
Realised recognised gains and losses
Realised gains/(losses) on fixed asset investments 8,193 -
Net (expenditure)/income (4,132) 31,762

This page does not form part of the statutory financial statements

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