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Annual Report and Financial Statements of the Parochial Church Council
for the year ended 31 December 2022
Charity Commission Registration No. 1130247
Secretary Mr. Roger Oldfield
Bankers Barclays Bank 54 High Street, Ruislip Lloyds Bank 82 High Street, Ruislip
Independent Examiner Mrs. Fiona Chandramohan FCA
following Christ | growing together | reaching out
PAROCHIAL CHURCH COUNCIL OF ST GILES’ ICKENHAM
ANNUAL REPORT FOR 2022
Aims and purposes
The Parochial Church Council (PCC) has the responsibility of co-operating with the Rector in promoting in the ecclesiastical parish the whole mission of the Church: pastoral, evangelistic, social, and ecumenical. PCC members are charity trustees and stewards of the church’s money and resources. PCC is responsible for the maintenance and repair of the church, churchyard and moveable objects. The church is situated at the junction of Swakeleys Road, High Road, and Long Lane, Ickenham. Charity Commission number 1130247.
Objectives
As achurch, we want to both be and to make disciples of Christ.
To do this we will: Follow Christ by developing our relationship with God Grow Together and support one another Reach Out to the community
Following Christ through worship, prayer, and meditation.
in the past we have had a wide variety of services and other activities to enable our community to develop a relationship with God. The pattern of worship established in 2021 was continued throughout the year with one change: All-age worship moved to 10:30am to give some week-to-week continuity,
Sunday momings:
8:00 BCP Communion service every week.
9.30am Family Praise service (except for week 1)
10:30am (week 7 only) All-age Communion service
10:30am CW Communion service (except week 1)
Sunday evenings:
6.30pm Prayers for healing twice a year, usually in April and September.
Weekday activities:
Thursday 10.00am BCP Holy Communion followed by a time of fellowship over coffee and cake. Saturdays (monthly, on the 3% Saturday of each month) 4.00 ~ 6.00pm Messy Church in the hall for whole families to encounter Jesus through craft, messy activities, cooking, story, and song, finishing with a meal together. Lent Ash Wednesday services were held with optional ashing at 10:00am and 8.00pm.
On Wednesday evenings in Lent a service of Compline was held in the church.
Prayer Ministry was re-established after the main Sunday morning services.
Homegroups. 6 homegroups meet regularly in Ickenham (most fortnightly, but some weekly or monthly) and are open to members of both churches.
Growing together within St Giles’ and also with our friends from the Ickenham United Reformed Church through our Covenant with them. The statement on our covenant says that ‘we will not do separately that which we could do together’. Joint services took place as follows: Week of prayer for Christian Unity; Maundy Thursday evening; Good Friday all age & An hour at the Cross; Covenant Service; Advent Carols; Community Carols.
Once again, we were unable fo run our Ickenham Churches Holiday Club together in the summer holidays due to the restrictions of the pandemic.
In-person fellowship activities were able to take place this year. Essence (‘lively women of all ages’), Mothers Union, and Ickermen continued to meet. Church coffee fellowship was held once a month after the all-age service. There was an Aftemoon Tea to celebrate the Queen's Jubilee.
The Church BBQ was held in September.
Reaching Out to the community.
We have a comprehensive website which is kept up to date and a Facebook account. Members of the wider Ickenham community are able to engage with our live-stream services on the church Youtube channel.
Missions: A variety of charities were supported during the year, which were a mixture of local, national and intemational missions - The Bishop of Willesden’s Discretionary Fund, Hillingdon Women’s Centre, CMS Africa, Kisiizi Hospital, Hillingdon Foodbank, A Rocha, Christian Aid, Open Doors, Shooting Star CHASE, CLICK Rukiga, Mother's Union, Bible Society, Child & Adolescent Bereavement Service; and Spitalfields Crypt Trust.
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Christmas collections were sent to Crisis & Hillingdon Home-start. St Giles’ contribution to the Ickenham Festive evening was the ever popular Grand Draw and Santa's Grotto, along with crafts, tombola, and cake stalls. There was also a Tree of remembrance in St Giles’ churchyard where the community could hang stars with the name/s of departed loved ones — these were blessed on 12" night.
Baptism Families seeking baptism are invited to the 9.30am Family Praise or monthly All-age communion services, meet the Rector/ Associate Priest over coffee and receive a home visit.
Bereavement support team A highly dedicated and well-trained team of bereavement support visitors run a monthly drop-in for the recently bereaved and also offer one to one support via home visits or phone calls to those whose family members have had funerals taken by our ministerial team. The annual memorial service for the bereaved was held in May (Two services to cover all those whose bereavements had been in 2021 when no service was possible).
CLICK Rukiga A churches and community link between Ickenham and Rukiga as we learn from each other and support a variety of projects. Schools are linked, children sponsored, water pipes maintained, and Women’s work supported. There is also a Youth Project which aims to equip school leavers for the workplace.
Ickenham Church News (ICN) A bi-monthly publication which celebrates all that is good in church and community life is delivered to every residence and business in Ickenham — about 5,500 copies are produced and circulated. This is a joint enterprise with the Ickenham URC. The weather-proof dispensers sited at various locations in the village for distribution of the ICN have been popular. Jack and Jill is a group for pre-school children held, and resumed on Monday and Wednesday momings in September 2021. Jack and Jill Mothering Sunday and Harvest celebrations in church have not yet been re-established post-pandemic. Marriage preparation is offered to all couples who are manied at St Giles’ Church.
Memory Café is now held monthly on Wednesday momings to welcome those with fading memory and their carers, as well as the lonely and isolated.
Messy Church is held on 3° Saturday aftemoons and attracts families who do not usually come to Sunday worship. Pastoral care There is a team of visitors who keep in touch with those who are sick or frail. Youth Group was re-established in September 2021. This is part of a year-long Project which aims to see what provision is needed / viable as we reach out to children and young people.
Church attendance and electoral roll.
At the time of the APCM in April 2022 the electoral roll was 201.
There are still a number of people who access the 8am BCP live-streamed service via You Tube. During a ‘normal’ week there are an average of 100 attendees at church services. Messy Church usually welcomes an average of 40 people each month.
The PCC is indebted to all who enrich our worship, to all who maintain and enhance our church and churchyard, to all who arrange our social events, to those who produce and distribute the Ickenham Church News6 times a year, and to all those who reach out to the community in so many ways. During 2022 the Revd. Navina Thompson finished her curacy and agreed to serve a further year as Associate Priest.
Membership of the PCC consists of:
Rector, Curate, Licenced Lay Reader, Commissioned Lay Ministers, Churchwardens, Deanery Synod representatives, nine elected members (3 of whom retire annually, with 3 new members elected) and up to 2 co-options. The members of the PCC are responsible for making decisions on all matters of general concem and importance to the parish, including decisions on how the funds of the PCC (church) are to be spent. The full PCC usually meets 6 times during the year. The Fabric and Finance committee (a sub-committee of the PCC) met on alternate months with the December meeting being cancelled.
PCC members who have served during the period 1 January 2022 to 31 December 2022: Rector The Revd. Felicity Davies Curate (Associate Priest from June)The Revd. Navina Thompson Licenced Lay Reader Mr David Thould Commissioned Lay minister Mrs Sally Blackman Commissioned Lay minister Mrs Emma Taylor Churchwardens Mrs Linda Varley Vacancy Reps at Deanery Synod Mr Geoff Edwards Ms Cathy Wilcox (stepped down September 2022) Elected members Mrs Carol Lavender (to APCM 2022) Mrs Juli Harris Powell —_ (fo APCM 2022) [also Children’s champion and Equality/diversity/inclusion lead]
2
Mr Keith Amold (to APCM 2022) Mr Darren Guitridge [also safeguarding officer] Ms Abigail Lamikanra Mrs Hefen Wardle Mr Roger Oldfield [also Hon Secretary] Mrs Rachel Duff (from APCM 2022) Miss Anne Sawyer (from APCM 2022) Mrs Lynn Douglass (from APCM 2022) Mrs Pam Ash Co-opted June 2022 | also safeguarding officer] Mr Colin Burgess Co-opted [Hon Treasurer]
FINANCIAL REVIEW AND GOING CONCERN STATEMENT
Church life continued to return to normal this year, after the difficult times of the pandemic.
The Generat Fund budget was conservatively set and predicted a deficit of £23,000.
Regular giving and the resultant Gift Aid generated, essentially matched the budgeted amount. With a modest increase in cash collections, some donations and fund raising, overall income was marginally better than planned. Most expenses were in line with budget predictions but expenditure on maintenance in General Fund was less than planned and the full effect of the energy price increases was not felt as the budget allowed for this and the major impact will occur in 2023. Common Fund was again unchanged from the previous year at £85,200.
Overall, the General Fund deficit was reduced slightly, amounting to just under £20,000. This was covered by a transfer from Legacy Fund.
Extensive works to external walls of the church were undertaken during the year as a necessary step to address the plasterwork problems. The total cost this year amounted to £23,000. £17,000 of this cost was met by the Legacy Fund. However, grants to the value of around £6,000 were secured against this work from the Listed Places of Worship Grant Scheme. A further cost of £6000 was paid from Fabric Fund towards these works, following the receipt of some specific private donations.
The Church Hall was finally able to open more extensively which resulted in much improved lettings income of £31,000. The cost of a new heating boiler, decoration works and LED lighting were all met from funds this year and the Hail fund retumed to a more normal level at the end of the year of £15,000.
The Rukiga Fund generated £23,000 of income through regular sponsorship, donations and fund raising. The ongoing project of child sponsorship, together with other needs, benefited by over £16,000.
The Ickenham Church News continued to receive advertising revenue this year. Despite meeting all the production costs and prepurchasing paper for the following year, a large surplus had built up in the fund over several years. The decision was taken to redistribute £12,000 to other church funds. Half of this sum was transferred to Youth Work to fund St.Giles’ youth project and half was paid over to the United Reformed Church, with whom we share the ICN.
The PCC have again reviewed the church's financial position including projected income and expenditure in the coming year, the level of cash and reserves together with the system of financial management. As a result of this review, the PCC are of[the][ opinion] that the church is well placed to manage its operational and financial risks successfully. The PCC have a reasonable expectation that the church has adequate resources to continue in operational existence for the foreseeable future and therefore continues to adopt the going concem basis of accounting in preparing annual accounts.
RESERVES
St. Giles is a medium sized church in a reasonably affluent area. The post pandemic era has seen annual unrestricted income reduce to around £142,000 including £31,000 from church hall lettings.
The church currently employs two part tine members of staff at a cost of £ 17,000 per annum. The condition of the buildings is generally good for their age although significant maintenance work has commenced on the plaster work and extemal walls and future extensive plaster repairs are still needed. The church currently has general liquid reserves of £104,000.
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The PCC discussed the following factors in arriving at their reserves policy:
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e Despite a return to a more normal situation after the worst of the pandemic, revenues are not increasing, and it is likely that reserves will continue to be needed to bridge the gap caused by any loss of revenue in 2023.
-
e Money should only be kept in reserve for specific reasons- whilst the Bible clearly indicates that we should not hoard, it is also clear that sensible planning for known events and responsibility for others (including employees) is important.
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e Awish to have six months running costs in cash reserves in case of a major problem (£60k) e In addition to have six months’ salary costs in reserve (£8k)
-
e Much of the church infrastructure is nearing the end of its useful life and will require replacement in the medium term. Of particular concern currently is plasterwork in various parts of the church. Extensive works on the extemal walls have taken place already but further costs are inevitable. Whilst investigation into possible funding continues, a reserve is desired for this in order that we can meet some of the expected costs.
-
e Currently the PCC are formulating a renewed Mission Action Plan. There is a general wish that more should be spent on outreach in the community. This includes working with families, children, the lonely and isolated.
Policy:
it is the policy of this church to hold in reserves the equivalent of six months general running costs and an additional six months’ salary costs. It is also our policy to hold an amount for agreed maintenance and other costs which are expected to arise in the short term. Further to this, to hold a reserve for our Mission Action Plan.
The PCC believe that, at present, we have £68,000 in reserves in respect of our running costs and salaries, leaving a further£ 36,000 to cover the other requirements mentioned above. The PCC are mindful of the need to cover the effect of falling revenue and also of the fact that the amount required to cover the plasterwork project from these reserves, whilst still unclear, is likely to require a significant fund-raising project. Therefore, the allocation of these reserves will remain under regular review.
Adopted by the Parochial Church Council on March 21st 2023 ; Signed by Revd. Felicity Davies (Rector) VRQ.
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PAROCHIAL CHURCH COUNCIL of ST GILES, ICKENHAM
Report of Independent Examiner to the PCC of St Giles, Ickenham
This report is on the financial statements of the PCC for the year ended 31 December 2022, which are set out on pages 6 to 17, in respect of an examination carried out in accordance with the Church Accounting Regulations 2006 and the Charities Act 2011.
Respective responsibilities of trustees and examiner
As members of the PCC you are responsible for the preparation of the financial statements. You consider that an audit is not required for this year under section 144 of the Charities Act 2011 and that an independent examination is needed.
lt is my responsibility to:
examine the accounts under section 145 of the Charities Act,
to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act), and
to state whether particular matters have come to my attention.
Basis of this report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An exarnination includes a review of the accounting records kept by the PCC and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair' view and the report is limited to those matters set out in the statement below.
independent examiner's statement
In connection with my examination, no matter has come to my attention:
1) which gives me reasonable cause to believe that, in any material respect, the requirements
- to keep accounting records in accordance with section 130 of the Charities Act; - to prepare financial statements which accord with the accounting records and comply with the accounting requirements of the Charities Act and the Regulations
have not been met;
or
2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached
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h C i
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Mrs. Fiona Chandramohan FCA 10th March 2023
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PAROCHIAL CHURCH COUNCIL of ST GILES, ICKENHAM
Statement of Financial Activities for the year ended 31 December 2022
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|---|---|---|---|---|---|---|---|
|Unrestricted|Restricted|Endowment|Total|Funds|Total|Funds|
|Note|Funds|Funds|Fund|2022|2021|
|£|£|£|£|£|
|Income and|endowments from:|
|Donations and|legacies|2|107,550|31,472|139,022|124,047|
|Income from|charitable|activities|3|4,544|6,278|10,822|7,271|
|Other trading|activities|4|4,408|39,104|43,512|25,413|
|Investments|4,247|1,247|83|
|Total income and endowments from:|se117,749|76,854|194,603|156,814|
|Expenditure on:|
|Raising Funds|;|.|
|Cosis of generating voluntary|income|5|214|211|425|775|
|Fund-raising trading|costs|6|7,625|1,117|2,742|132|
|Expenditure on charitable|activities|
|Clergy and diocesan|costs|7|87,099|87,099|87,218|
|Church running expenses|8|32,635|6,292|38,927|44,038|
|Missionary and|charitable giving|9|7,323|24,486|31,809|29,390|
|Church services|10|4,377|950|5,327|4,482|
|Junior church|0|0|
|Church|hall|11|27,878|3,547|31,425|24,101|
|Churchyard|12|885|885|2,473|
|Church magazine (ICN)|13|6,547|6,547|6,259|
|Community activities|1,064|2,572|3,633|2,190|
|Church|office|14|14,030|14,030|43,875|
|Printing & stationery|1,033|4,033|1,440|
|Bereavement counselling|training|440|440|300|
|Youth,Families and|Childrens work|15|2,484|2,484|40,351|
|Miscellaneous|72|50|122|189|
|Total expenditure on:|150,794|72,587|3,547|226,928|227,213|
|Net income|/ (expenditure)|resources before transfer|(33,045)|4,267|(3,547)|(32,325)|(70,399)|
|Transfers|
|Gross|transfers|between funds-in|19,700|6,000|25,700|27,000|
|Gross transfers between funds-out|(19,700)|(6,000)|(25,700)|(27,000)|
|cine|
|Net movement in funds|(33,045)|4,267|(3,547)|(32,325)|(70,399)|
|Reconciliation|of funds|
|Total Funds|brought forward|at|
|41|January 2022|137,592|58,691|274,863|471,146|541,545|
|Total|Funds carried|forward|at|
|31|December 2022|104,547|62,958|271,316|438,821|471,146|
|The notes on pages 8 to|17 form|part of these|accounts|
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PAROCHIAL CHURCH COUNCIL of ST GILES, ICKENHAM
Balance Sheet at 31 December 2022
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|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|Unrestricted|Restricted|Endowment|Total|Funds|Total|Funds|
|Note|Funds|Funds|Fund|2022|2021|
|£|£|£|£|£|
|Fixed|assets|
|Tangible|fixed|assets|17|481|271,316|271,797|277,060|
|Current assets|
|Debtors|18|13,533|2,562|16,095|15,907|
|Short term|deposits|89,212|89,212|122,972|
|Cash|at|bank|and|on|hand|8,475|68,465|76,940|63,744|
|Total|current|assets|111,220|71,027|182,247|202,623|
|Liabilities:|amount|falling|
|due within one|year|19|7,154|8,069|15,223|8,537|
|Net|current|assets|104,066|62,958|167,024|194,086|
|Total|assets|less|current|liabilities|104,547|62,958|271,316|438,821|471,146|
|Liabilities|due|after one year|
|Total|Net assets|20|104,547|62,958|271,316|438,821|471,146|
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Funds
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|||||||
|---|---|---|---|---|---|
|General|Fund|21(i)|970|970|1,023|
|Designated|Funds|21(i)|103,577|103,577|136,569|
|Restricted|Funds|21(ii)|62,958|62,958|58,691|
|Endowment|Fund|21 (iii)|271,316|271,316|274,863|
|104,547|62,958|271,316|438,821|471,146|
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The notes on pages 8 to 17 form part of these accounts
Approved by the Parochial Church Council on 21st March 2023. and signed on its behalf by :
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Mrs Felicity Davies (Rector)
Lyo oe.ZA
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Mr. Colin Burgess ACMA CGMA (Hon. Treasurer)
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NOTES TO THE FINANCIAL STATEMENTS year ended 31 December 2022
1 Accounting policies
These accounts have been prepared in accordance with the SORP Accounting and Reporting by Charities preparing their accounts in accordance with FRS102 applicable in the UK and Republic of Ireland issued 16 July 2014, and with the Charities Act 2011.
The financial statements have been prepared under the historical cost convention.
Joint organisations
The Holiday Club operates under the joint auspices of the PCC and the Elders of the Ickenham United Reformed Church. For the purposes of these financial statements it is treated as a restricted fund, and it's financial affairs are incorporated to the extent of 50%.
Funds
Unrestricted funds represent the funds of the PCC that are not subject fo any restrictions regarding their use and are available for application on the general purposes of the PCC. These include funds designated for a particular purpose by the PCC.
The purposes of the restricted funds and of the major designated funds are noted in the financial statements.
The financial statements include all transactions, assets and liabilities for which the PCC can be held responsible in law. They do not include the financial statements of church groups that owe their main affiliation to another body nor those that are informal gatherings of church members.
incoming Resources
Voluntary income and capital sources
Collections are recognised when received by or on behalf of the PCC
Planned giving receivable under Gift Aid is recognised only when received.
Income Tax recoverable on Gift Aid donations is recognised when the income is recognised.
Grants and legacies to the PCC are accounted for as soon as the PCC is notifted of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the PCC is reasonably certain.
Funds raised by the Christmas Festival and similar events are accounted for gross.
Sales of church brochures and similar items are accounted for gross.
Ofher income
Rental income from the letting of church premises is recognised when the rental is received.
Interest entitlements are accounted for as they accrue.
Resources used
The agreed contribution to the London Diocesan Fund is accounted for when paid. Any amount unpaid at 31 December is provided for in these financial statements as an operational (though not a legal) liability and is shown as a creditor in the Balance Sheet.
Grants and obligations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC.
8
NOTES TO THE FINANCIAL STATEMENTS year ended 31 December 2022
Fixed assets
Consecrated property and movable church furnishings
Consecrated and beneficed property of any kind is excluded from the financial statements by s 10(2)(a) and (c) of the Charities Act 2011.
Movable church furnishings held by the Rector and Churchwardens on special trust for the PCC, and which require a faculty for disposal, are accounted for as inalienable property unless consecrated. They are listed in the church's inventory which can be inspected (at any reasonable time). For inalienable property acquired prior to 1999 there is insufficient cost information available and therefore such assets are not valued in the financial statements. Items acquired since 1 January 1999 have been capitalised and depreciated in the financial statements over their currently anticipated useful economic life (initially over 15 years) on a straight line basis.
All expenditure incurred in the year on consecrated or beneficed buildings, individual items under £1000 or on the repair of movable church furnishings acquired before 1 January 1999 is written off.
Other buildings
Building costs for the Church Hall are depreciated on a straight line basis over 100 years.
Other fixtures, fittings and equipment
Depreciation is on a straight line basis over 4 years. Individual items of equipment ( or sets where appropriate) with a purchase price of £1000 or less are written off in the period in which the asset is acquired.
Current assets
Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors fess any provision for amounts that may prove uncollectabie.
Short term deposits include cash held on deposit with the Central Board of Finance of the Church of England.
2 Donations and legacies
| Unrestricted | Restricted | TOTALFUNDS | FUNDS | ||
|---|---|---|---|---|---|
| Funds | Funds | 2022 | 2021 | ||
| £ | £ | £ | £ | ||
| Planned giving: | |||||
| including GiftAided | £62,088 | 68,624 | 68,621 | 70,796 | |
| tax recoverable | 15,522 | 15,522 | 16,272 | ||
| Collections at services etc. | |||||
| including GiftAided | £7,288 | 8,405 | 8,405 | 4,528 | |
| tax recoverable | 1,822 | 1,822 | 1,111 | ||
| Legacies and in memoriam donations | 0 | 6,389 | |||
| including GiftAided | £676 | 4,821 | 1,821 | 554 | |
| tax recoverable | 169 | 169 | |||
| Incomefrom governmentfurlough | scheme | 0 | 2,329 | ||
| Other donations | |||||
| including GiftAided | £14,386 | 5,962 | 26,920 | 32,882 | 18,893 |
| tax recoverable | 1,034 | 2,562 | 3,596 | 3,175 | |
| Grant income received | 6,184 | 6,184 | |||
| 107,550 | 31,472 | 139,022 | 124,047 |
A further £3,784 was collected on behalf of the following charities: DEC Ukraine, TearFund, Hillingdon Food Bank, Save the Children, Homestart, CRISIS
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NOTES TO THE FINANCIAL STATEMENTS year ended 31 December 2022
| Unrestricted | Restricted | TOTALFUNDS | FUNDS | ||
|---|---|---|---|---|---|
| Funds | Funds | 2022 | 2021 | ||
| £ | £ | £ | £ | ||
| 3 | incomefrom charitable activities | ||||
| Fees | 3,966 | 520 | 4,486 | 4,369 | |
| Hall letting Communityactivities |
578 | 1,375 4,383 |
1,375 4,961 |
788 2,114 |
|
| 4,544 | 6,278 | 10,822 | 7,271 | ||
| (these | activities includeJack& Jill Grouptogetherwith Sundaytea& coffee ) | ||||
| 4 | Othertrading activities | ||||
| ICN advertising | 7,451 | 7,451 | 480 | ||
| Hall letting | 28,942 | 28,942 | 21,230 | ||
| Christmas Festival | 1,580 | 1,580 | 1,211 | ||
| Calendar sales | 692 | 692 | |||
| Fund raising eventsand sales | 2,136 | 2,711 | 4,847 | 2,492 | |
| 4,408 | 39,104 | 43,512 | 25,413 | ||
| 5 | Costs ofgenerating voluntary income | ||||
| Stewardshipand GiftAid 'Yellow’envelopes | 59 | 59 | 58 | ||
| Processing fees | 155 | 211 | 366 | 328 | |
| Contactlesspaymentmachine | 0 | 389 | |||
| 214 | 211 | 425 | 775 | ||
| 6 | Fund-raising trading costs | ||||
| Calendar printing | 752 | 646 | 1,398 | ||
| Fund raising events | 796 | 471 | 1,261 | ||
| Christmas festival costs | 83 | 83 | 132 | ||
| 1,625 | 1,117 | 2,742 | 132 | ||
| 7 | Clergyand diocesan costs | ||||
| Localand central costs via LDF | 85,200 | 85,200 | 85,200 | ||
| Expenses oftheclergy Telephone/SecuritysystemsforRectory Waterservicecharges forRectory |
603 864 432 |
603 864 432 |
762 839 417 |
||
| 87,099 | 0 | 87,099 | 87,218 |
The agreed contribution to the London Diocesan Fund is £85,200, maiching their estimate of the cost of providing a minister (on an average basis) plus a fair share of diocesan central costs.
410
NOTES TO THE FINANCIAL STATEMENTS year ended 31 December 2022
| Unrestricted | Unrestricted | Restricted | TOTALFUNDS | FUNDS | ||
|---|---|---|---|---|---|---|
| Funds | Funds | 2022 | 2021 | |||
| £ | £ | £ | £ | |||
| 8 | Churchrunningexpenses | |||||
| Lighting, heating, waterrates | 4,634 | 4,634 | 2,101 | |||
| insurance Fire extinguishers/risk assessment |
3,701 761 |
3,701 761 |
3,326 196 |
|||
| Gas boilerservicing and repair | 480 | 480 | 840 | |||
| Church walls/plasterrefurbishment | 17,052 | 6,000 | 23,052 | 0 | ||
| Depreciation ofboiler room/disabledWC | 1,716 | 1,716 | 23,067 | |||
| Electrical repairs,test fees, floodlights Roofand gutters |
1,637 978 |
1,637 978 |
4192 8,603 |
|||
| Pigeonwaste clearance | 0 | 680 | ||||
| Architectural and inspectionfees | 0 | 4,847 | ||||
| Plumbingand Drains | 378 | 378 | ||||
| Church signage | 264 | 264 | ||||
| Office cabinet/Safe reoairs | 696 | 696 | ||||
| Otherfees, maintenance and repairs | 338 | 292 | 630 | 186 | ||
| 32,635 | 6,292 | 38,927 | 44,038 | |||
| 9 | Missionaryand charitablegiving | |||||
| Church MissionSociety | 1,200 | 1,200 | 1,200 | |||
| Kistizi Hospital Partners | 1,200 | 1,200 | 1,200 | |||
| Bishop ofWillesden Fund (Schools) | 852 | 852 | 852 | |||
| London Diocesan Fund LentAppeal | 71 | 71 | 400 | |||
| URC | 6,000 | 6,000 | ||||
| HillingdonWomens Centre | 400 | 400 | ||||
| AgeUK | 0 | 400 | ||||
| Christian Aid | 400 | 400 | 400 | |||
| Shooting StarCHASE | 400 | 400 | 400 | |||
| Innervation Trust (I Sing Pop) | 0 | 400 | ||||
| Open Doors | 400 | 400 | 400 | |||
| Bible Society | 400 | 400 | 400 | |||
| DEC Ukraine appeal | 400 | 400 | ||||
| Harlington Hospice | 400 | 400 | ||||
| Spitalfields CryptTrust Donation to needyfamilies (Rukiga) |
‘ | 400 | 100 | 400 100 |
2,000 | |
| EmergencyFamilyFund (Rukiga) | 2,000 | 2,000 | 2,800 | |||
| RukigaYouth Project | 0 | 2,655 | ||||
| KigeziWomen in Development (Rukiga) | 300 | 300 | 100 | |||
| Sponsored children (Rukiga} | 14,086 | 14,086 | 14,983 | |||
| Hillingdon AutisticCareand Support | 1,000 | 1,000 | ||||
| Centre forADHDandAutism Support | 1,000 | 1,000 | ||||
| ARocha | 400 | 400 | 400 | |||
| Mothers Union | 400 | 400 | 400 | |||
| 7,323 | 24,486 | 31,809 | 29,390 |
11
NOTES TO THE FINANCIAL STATEMENTS year ended 31 December 2022
| Unrestricted | Restricted | TOTAL | FUNDS | ||
|---|---|---|---|---|---|
| Funds | Funds | 2022 | 2021 | ||
| £ | £ | £ | £ | ||
| 10 | Costofchurch services | ||||
| OrganistFees | 3,140 | 3,140 | 2,200 | ||
| Floral arrangements | 950 | 950 | 583 | ||
| Wine, wafers, candles | 216 | 216 | 85 | ||
| Licence forreproducing copyright material | 740 | 740 | 817 | ||
| Mothering Sundayand Christingie Services | 128 | 128 | 0 | ||
| Printing and otherexpenses | 153 | 153 | 48 | ||
| Depreciation ofAVequipment | 0 | 749 | |||
| 4,377 | 950 | 5,327 | 4,482 | ||
| Restricted | Endowment | TOTAL | FUNDS | ||
| Funds | Fund | 2022 | 2021 | ||
| 11 | Church Hall costs | £ | £ | £ | £ |
| Insurance | 2,302 | 2,302 | 2,143 | ||
| Heating, light,water | 6,656 | 6,656 | 2,461 | ||
| Cleaning | 8,092 | 8,092 | 4,711 | ||
| Redecoration costs | 3,444 | 3,444 | 4,525 | ||
| General maintenance and repairs | 2,023 | 2,023 | 4,253 | ||
| Roof repairsand gutters | 168 | 168 | 0 | ||
| Replacement blinds | 0 | 2,076 | |||
| LED and Emergency lighting | 1,260 | 1,260 | |||
| Electrical certification check | 102 | 102 | 4,200 | ||
| Defibrilator Central heating boiler replacement |
2,769 | 0 2,769 |
329 0 |
||
| Depreciation | 3,547 | 3,547 | 3,547 | ||
| Alarm system installation/maintenance | 108 | 108 | 1,152 | ||
| Telephone, administrativeand miscellaneous | 954 | 954 | 704 | ||
| 27,878 | 3,547 | 31,425 | 24,101 | ||
| Unrestricted | Restricted | TOTAL | FUNDS | ||
| Funds | Funds | 2022 | 2021 | ||
| £ | £ | £ | £ | ||
| 12 | Churchyard | ||||
| Churchyard signage | 94 | 94 | 0 | ||
| Floodlight maintenance | 0 | 240 | |||
| Majortree pruning | 540 | 540 | 2,042 | ||
| CCTVsystem installation | 0 | 0 | |||
| Replacementgarden machinery | 96 | 96 | 0 | ||
| Routine garden&maintenancecosts | 155 | 155 | 194 | ||
| 885 | 0 | 885 | 2,473 | ||
| 13 | Ickenham Church News costs | ||||
| Printing & Design |
6,176 | 6,176 | 6,000 | ||
| Computerand website costs | 10 | 10 | 9 | ||
| Advert in Festival brochure | 200 | 200 | |||
| Postage/Miscellaneous | 161 | 161 | 250 | ||
| 6,547 | 6,547 | 6,259 |
12
NOTES TO THE FINANCIAL STATEMENTS year ended 31 December 2022
| Unrestricted | Restricted | TOTALFUNDS | FUNDS | ||
|---|---|---|---|---|---|
| Funds | Funds | 2022 | 2021 | ||
| £ | £ | £ | £ | ||
| 14 | Church Office | ||||
| Gross salary (2022: 1 employee, 2021: 1 employee) | 11,934 | 11,934 | 11,934 | ||
| Employers pension/life assurance | 537 | 537 | 537 | ||
| Computerand software | 163 | 163 | 180 | ||
| Telephone | 792 | 192 | 735 | ||
| Payroll and otheroffice costs | 604 | 604 | 489 | ||
| 14,030 | 0 | 14,030 | 13,875 | ||
| 15 | Youth, Familiesand Childrenswork | ||||
| Gross salary (2022: 1 employee ,2021: 1 employee) | 1,896 | 1,896 | 9,554 | ||
| Employers pension/lifeassurance | 0 | 0 | 437 | ||
| Laptopcomputer | 332 | 332 | |||
| Activities expenses | 0 | 0 | 286 | ||
| Administrative expenses | 256 | 256 | 14 | ||
| 0 | 2,484 | 2,484 | 10,354 |
16 Related Parties
Expenses including car mileage allowance, travel costs, computer expenses and administrative costs were paid to 2 members of the PCC, amounting in total to £ 859 (2021: £652)
One member of the PCC was employed during the year, under the legal authority of the Charities Act 2011, the Church Representation Rules and the PCC Powers (1956 ) measure as amended.
Mrs.Navina Thompson received a salary of £1,896 in respect of her employment as Youth and Childrens Project Co-ordinator. (2021: £0)
No other payments,employee benefits or expenses were paid to any other PCC member, persons closely connected fo them or related parties.
Donations from related parties (PCC members) in aggregate amounted to £ 16,586 and were received without any restrictions as to their use.
13
NOTES TO THE FINANCIAL STATEMENTS year ended 31 December 2022
| 17 | Fixed assets | ||||
|---|---|---|---|---|---|
| Hall | Hall | Church | TOTAL | ||
| (freehold) | equipment | equipment | |||
| £ | £ | £ | £ | ||
| Gross cost | |||||
| at 1 January2022 | 354,679 | 22,045 | 424,309 | 501,033 | |
| additions in theyear | 0 | ||||
| at 31 December2022 | 354,679 | 22,045 | 124,309 | 501,033 | |
| Depreciation | |||||
| at 1 January2022 | 79,816 | 22,045 | 122,112 | 223,973 | |
| charge in theyear | 3,547 | 1,716 | 5 263 | ||
| at31 December2022 | 83,363 | 22,045 | 123,828 | 229,236 | |
| Netbook value | |||||
| at 1 January2022 | 274,863 | 0 | 2,197 | 277,060 | |
| at31December2022 | 271,316 | 0 | 481 | 271,797 |
The and for the church hall cost £520. The front hall was built in about 1933 at a cost of £2360. The rear hall was built in about 1938 at a cost now estimated at £1200. Refurbishment costs of £350,599 were capitalised in the years 1996 to 2004.
The church half kitchen underwent a major refurbishment in 2017. The total cost of £ 22,045 was capitalised and depreciated over 4 years commencing 2017.
The installation of a new boiler facility for the church together with a disabled WC was completed between 2018 and 2020 at a cost of £92,268.
| 2022 | 2021 | ||
|---|---|---|---|
| £ | £ | ||
| 18 | Debtors | ||
| Tax recoverable-GiftAid | 16,095 | 15,848 | |
| Other debtorsand prepayments | 59 | ||
| 16,095 | 15,907 | ||
| 19 | Liabilities :amounts fallingduewithinoneyear | ||
| Accruals | 4,513 | 4,854 | |
| Deferred | ICN advertising income | 6,822 | 6,643 |
| Deferred | Energy costgrantfrom LDF | 2,641 | |
| Money received on behaifofothercharities | 1,247 | 40 | |
| 15,223 | 8,537 |
Advertising income for the church magazine received in respect of the following year is deferred at the balance sheet date and included in income next year. A grant towards enrgy costs, received from the Diocese, is deferred untit 2023 when the main impact of recent cost increases will be incurred.
20 Analysis of net assets by fund type
| Unrestricted | Restricted | Endowment | TOTAL | |
|---|---|---|---|---|
| Funds | Funds | Funds | FUNDS | |
| £ | £ | £ | £ | |
| Fixed assets | 481 | 271,316 | 271,797 | |
| Current assets (gross) | 111,220 | 71,027 | 182,247 | |
| Current liabilities | (7,154) | (8,069) | (15,223) | |
| Fundbalances | 104,547 | 62,958 | 271,316 | 438,821 |
14
NOTES TO THE FINANCIAL STATEMENTS year ended 31 December 2022
-
2i Fund details and movements
-
{i) Unrestricted funds
Funds have been set aside for specific purposes. The major ones are:
Mission Action PlanPresent liquid assets are set aside for special projects. LegaciesUnrestricted legacies providing a reserve for running costs, future major projects and for planned outreach with youth, families and children. GibbonsFor benefit of children of the church community, especially the choir. OrganUsed for organ related income and expenditure, available long term for maintenance, refurbishment or replacement of the organ.
| Balance | Movements in resources | Movements in resources | Balance | ||
|---|---|---|---|---|---|
| 1 January | 31 December | ||||
| 2022 | Incoming | Outgoing | Transfers | 2022 | |
| £ | £ | £ | £ | £ | |
| MissionAction Plan (MAP) | 8,451 | 337 | 945 | 7,843 | |
| Legacies | 117,064 | 6,084 | 18,768 | (19,700) | 84,680 |
| Gibbons | 500 | 500 | |||
| Organ | 10,554 | 10,554 | |||
| GeneratFund | 136,569 1,023 |
6,421 111,328 |
19,713 131,081 |
(19,700) 19,700 |
103,577 970 |
| 137,592 | 117,749 | 150,794 | 0 | 104,547 |
A transfer of £19,700 was made from Legacy Fund to General Fund to support annual running costs.
(ii)
Restricted Funds
Some funds are held for restricted purposes or (in the case of Holiday Club, Jack and Jill group) relate to separate organisations.
| Balance | Movements in resources | Movements in resources | Balance | ||
|---|---|---|---|---|---|
| 41 January | 31 December | ||||
| 2022 | Incoming | Outgoing | Transfers | 2022 | |
| £ | £ | £ | £ | £ | |
| YouthWork | 269 | 2484 | 6000 | 3785 | |
| Church Hall | 11719 | 31145 | 27878 | 14986 | |
| Church Fabric | 3321 | 7858 | 6292 | 4887 | |
| CLICKRukiga | 27037 | 23218 | 17183 | 33072 | |
| Church flowers | 498 | 2285 | 1371 | 1412 | |
| HolidayClub iCN |
877 12666 |
7754 | 12547 | = (6,000) | 877 1873 |
| Jackand JillGroup | 2304 | 4594 | 4832 | 2066 | |
| 58691 | 76854 | 72587 | 0 | 62958 |
A transfer of £6000 was made from the ICN Fund to the Youth Fund in support of the Youth Project.
{iii} Endowment Fund
The Church Hall is held under a trust deed dated 3 November 1932 primarily for educational purposes. There is a power to sell the premises, subject to the consent of the London Diocesan Fund, and to distribute the proceeds.
| Balance | Movements | in | resources | Balance | ||
|---|---|---|---|---|---|---|
| 1 | January | 31 | December | |||
| 2022 | Incoming | Outgoing | 2022 | |||
| £ | £ | £ | £ | |||
| 274,863 | 3,547 | 271,316 |
15
NOTES TO THE FINANCIAL STATEMENTS year ended 31 December 2022
22 Church Workers Pension Fund (CWPF)
St. Giles Church participates in the Pension Builder Scheme section of CWPF for lay staff. CWPF is administered by the Church of England Pensions Board, which holds the CWPF assets separately from those of the Employer and other participating employers. CWPF has two sections: 1.The Defined Benefits Scheme 2.The Pension Builder Scheme, which has two subsections; a. A deferred annuity section known as Pension Builder Classic, and, b. A cash balance section known as Pension Builder 2014.
Pension Builder Scheme
Both sections of the Pension Builder Scheme are classed as defined benefit schemes.
Pension Builder Classic provides a pension, accumulated from contributions paid and converted into a deferred annuity during employment based on terms set and reviewed by the Church of England Pensions Board from time to time. Discretionary increases may also be added, depending on investment returns and other factors.
Pension Builder 2014 is a cash balance scheme that provides a lump sum which members use to provide benefits at retirement. Pension contributions are recorded in an account for each member. Discretionary bonuses may be added before retirement, depending on investment returns and other factors. The account, plus any bonuses declared is payable, unreduced, from age 65.
There is no sub-division of assets between employers in each section of the Pension Builder Scheme.
The scheme is considered to be a multi-employer scheme as described in Section 28 of FRS 102. This is because it is not possible to attribute the Pension Builder Scheme’s assets and liabilities to specific employers and means that contributions are accounted for as if the Scheme were a defined contribution scheme. The pensions costs charged to the SoFA in the year are the contributions payable (2022: £ 477, 2021: £ 866).
A valuation of the Pension Builder Scheme is carried out once every three years. The most recent valuation was carried out as at 31 December 2019. The next valuation is due as at 31 December 2022.
For the Pension Builder Classic section, the valuation revealed a deficit of £4.8m on the ongoing assumptions used. At the most recent annual review, the Board chose to grant a discretionary bonus of 10.1% following improvements in the funding position over 2022. There is no requirement for deficit payments at the current time. For the Pension Builder 2014 section, the valuation revealed a surplus of £5.5m on the ongoing assumptions used. There is no requirement for deficit payments at the current time.
The legal structure of the scheme is such that if another employer fails, St.Giles Church could become responsible for paying a share of the failed employer's pension liabilities.
16
NOTES TO THE FINANCIAL STATEMENTS year ended 31 December 2022
23 PAROCHIAL CHURCH COUNCIL of ST GILES, ICKENHAM
Statement of Financial Activities for the year ended 31 December 2021
| Unrestricted | Restricted | Endowment | Total Funds | Total Funds | ||
|---|---|---|---|---|---|---|
| Note | Funds | Funds | Fund | 2021 | 2020 | |
| £ | £ | £ | £ | £ | ||
| Incomeand endowments from: | ||||||
| Donationsandlegacies | 2 | 104,994 | 19,053 | 124,047 | 135,082 | |
| incomefrom charitable activities | 3 | 5,133 | 2,138 | 7,271 | 5,689 | |
| Othertrading activities | 4 | 1,549 | 23,864 | 25,413 | 26,336 | |
| Investments | 83 | 83 | 698 | |||
| Totalincomeandendowmentsfrom: | 111,759 | 45,055 | 156,814 | 167,805 | ||
| Expenditure on: | ||||||
| Raising Funds Costs ofgenerating voluntaryincome |
5 | 577 | 198 | 775 | 437 | |
| Fund-raisingtradingcosts | 6 | 20 | 112 | 432 | 20 | |
| Expenditure on charitable activities Clergyand diocesan costs Church runningexpenses Missionaryand charitable giving |
7 8 9 |
87,218 44,038 6,852 |
22,538 | 87,218 44,038 29,380 |
86,560 35,930 25,259 |
|
| Church services | 10 | 3,899 | 583 | 4,482 | 3,451 | |
| Junior church | 0 | 0 | ||||
| Church hail | 11 | 20,554 | 3,547 | 24,101 | 33,691 | |
| Churchyard Churchmagazine (ICN) Communityactivities Church office |
12 13 14 |
2,473 876 13,875 |
6,259 1,314 |
2,473 6,259 2,190 13,875 |
3,852 3,099 1,324 14,387 |
|
| Printing&stationery Bereavement counselling training Youth,Familiesand Childrenswork |
15 | 1,440 300 7,651 |
2,700 | 1,440 300 10,351 |
1,581 200 37,306 |
|
| Miscellaneous | 189 | 189 | 326 | |||
| Totalexpenditureon: | 169,408 | 54,258 | 3,547 | 227,213 | 247,423 | |
| Netincome/(expenditure) resourcesbeforetransfer | (57,649) | (9,203) | (3,547) | {70,399) | (79,618) | |
| Transfers | ||||||
| Grosstransfersbetween funds-in | 27,000 | 27,000 | 33,450 | |||
| Gross transfers betweenfunds-out | (27,000) | (27,000) | (33,450) | |||
| Netmovementinfunds | (57,649) | (9,203) | (3,547} | (70,399) | (79,618) | |
| Reconciliation offunds | ||||||
| Total Funds broughtforward at 1 January2021 |
195,241 | 67,894 | 278,410 | 541,545 | 621,163 | |
| Total Funds carried forward at | ||||||
| 31December2021 | 137,592 | 58,691 | 274,863 | 471,146 | 541,545 |
17