**Charity registration number 1130498** **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GREAT MARLOW, WITH MARLOW BOTTOM, LITTLE MARLOW AND BISHAM** **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022** ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GREAT MARLOW, WITH MARLOW BOTTOM, LITTLE MARLOW AND BISHAM** ## **LEGAL AND ADMINISTRATIVE INFORMATION** ## **Our Vision** "We are ordinary people loved by an extraordinary God". ## **Our Churches:** All Saints', Marlow The Causeway, Marlow St Mary the Virgin Marlow Bottom Road, Marlow Bottom St John the Baptist Church Road, Little Marlow All Saints' Bisham Church Lane, Bisham ## **Contact:** The Parish Office The Causeway, Marlow Buckinghamshire, SL7 1AA 01628 481806 Parish.office@4u-team.org Website: 4u-team.org/ ## **Independent examiner** Azets Audit Services Chartered Accountants and Statutory Auditors Suites B & D Burnham Yard Beaconsfield Buckinghamshire HP9 2JH ## **Bankers** Barclays Bank plc HSBC Bank plc CBF (Church of England) Lloyds Bank plc Santander UK plc United Trust Bank ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GREAT MARLOW, WITH MARLOW BOTTOM, LITTLE MARLOW AND BISHAM** ## **CONTENTS** **----- Start of picture text -----**
Page
Members report 1 - 8
Independent examiner's report 9
Statement of financial activities 10 - 11
Balance sheet 12
Notes to the financial statements 13 - 30
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## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GREAT MARLOW, WITH MARLOW BOTTOM, LITTLE MARLOW AND BISHAM** ## **MEMBERS REPORT** ## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ The members present their annual report and financial statements for the year ended 31 December 2022. The Parochial Church Council of the Ecclesiastical Parish of Great Marlow with Marlow Bottom, Little Marlow and Bisham is a team of four churches in the Marlow area with a single vision. We serve some 20,000 people in a Parish that forms part of the Oxford Diocese and the Wycombe Deanery. The Parochial Church Council (PCC) is a corporate body (PCC Powers Measure 1956, Church Representation Rules 2011) established by the Church of England and is a charity registered with the Charity Commission under registration number 1130498. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the PCC's governing document, the Charities Act 2011 and "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). ## **Objectives and activities** Our parish life flows from our identity and our vision (shown below). We are “ordinary people loved by an extraordinary God” and we hold the 8 values described below as an outworking of that identity. Each of our 4 churches have freedom to live out their own expression of God’s life, as you can read below. As a team we collaborate across all 4 churches where it makes sense to do so, including in the areas of safeguarding, co-ordination of weddings, funerals and baptisms, IT and communications infrastructure, administration and clergy team work. A significant area of collaboration has been the work of our clergy team, which ministers across the parish in schools, care homes, voluntary groups and in other public and private ministry. - 1 - ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GREAT MARLOW, WITH MARLOW BOTTOM, LITTLE MARLOW AND BISHAM** ## **MEMBERS REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ The activities of the PCC conform to the guidance of the Charity Commission to charities for the advancement of religion, showing identifiable benefit to the wider public, in that acts of worship are open to anyone who wishes to attend. Weddings, baptisms and funerals are services that particularly welcome all members of the community. The church buildings and grounds are also used frequently as venues for many community events ## **Volunteers** All four churches in the Parish rely extensively on volunteers to maintain the buildings and churchyards, to support the clergy in many ways and to minister, whether through prayer, scripture, music or sacrament. There are too many individuals and groups to acknowledge by name, but the PCC is most grateful to them all. It is impossible to attribute a monetary value to the contribution made by volunteers and so none is recognised in the Statement of Financial Activities. ## **All Saints Bisham** All Saints Bisham bade farewell to Rev Sarah Fitzgerald during 2022, due to ill health retirement. We also welcomed back former curate Rev John Smith as Team Vicar and he has done a wonderful job of galvanizing the church as it looks to the future. The worshipping life of the church is gathering momentum and an appeal to replace the ageing organ was nearing completion at the end of the year. Bisham Church Friends concluded a hugely successful year with a coffee morning at the beginning of December, when the school children performed, and then entertained 83 Marlow cyclists who had their end of year gathering in the church. The Friends welcomed over 1,100 people to the church in 2022 which is the most pleasing aspect of the Friends’ work. And many more came under the church’s banner if those who attended the Friend’s functions out of church are included. The Friends also generated a substantial amount of income for the church and our community from the various events they hosted. These included the coffee mornings, BBO Big Band, Easter Egg Hunt, Village Jubilee, Quiz Night, and Marlow Riders. Of the money raised, donations were made to the Ukraine Community (£810), to the Organ Fund (£2,300) and the church Wi-Fi and sound system (£3,000). Only 25 metres from the church gate is our church school, where work has already begun to aid the spiritual awakening and development of the future generation of Christians and their teachers and parents. We were hugely blessed by the presence of the children in church on several occasions leading up to Christmas. We are particularly excited about the implementation of the Oxford Diocese’s Spacemakers programme under the leadership of Hannah Bain our head teacher with the support of Isobel Cooke, CEO of Ashley Hill Multi Academy responsible for our school, and Rev Charlie Kerr from the Oxford Diocesan Board of Education. We are also exploring ways in which the school and the church can work together more productively. We have several ideas that should be implemented in the coming months. Another group in our community which offers huge potential is the Sports Centre. Football Academy at Bisham is only one of the opportunities at the Sports Centre that we will be pursuing in the coming months. We look to 2023 with confidence that God will lead us into a new chapter in the life of this ancient and beautiful church. - 2 - ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GREAT MARLOW, WITH MARLOW BOTTOM, LITTLE MARLOW AND BISHAM** ## **MEMBERS REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ ## **All Saints Marlow** As we reflect over an encouraging 2022, we continue to be thankful to God for our church community and the prayer, kindness and support given by everyone. The Church Council has continued to focus on our Spirit-led 5 year vision and values “God Brings New Life. It is now three years since we shared our 5-year Spirit-led vision "God Brings New Life" values and key priorities for All Saints’. In the past year we have launched Connect Groups and these have flourished across the year. In September we launched School of Theology and we can see how God is growing and developing his people in our church. We have continued to develop plans with Wild Marlow, guiding the Church Council through site surveys for energy efficiency including finding ways to achieve our vision of net zero carbon emissions by 2030. In February the World was in shock as we heard the news that Russia had invaded Ukraine. We supported people both here and in Ukraine in several ways including helping to purchase cooking equipment, sending clothes/personal items, holding a concert for Ukraine and meals for Ukrainian families here in Marlow. One year on and we are still committed to support Ukrainians in Marlow and in Ukraine. Meals from Marlow, led by our award winning “Hidden Gems” duo Muriel Reynolds and Alison Branch with a committed group of volunteers, continue to be a regular and dependable support to the wider community. In June everyone celebrated the Platinum Jubilee for HM Queen Elizabeth II – we displayed a range of photographs for everyone to enjoy and our fabulous Bell Ringers rang both a quarter and full Peal of bells. Then sadly on 8th September when we had the news The Queen passed away, we opened a Book of Condolence welcoming 100s of people into church and held a special Service of Commemoration. During the Christmas celebrations we held a variety of events where we could enjoy and worship this unique time through carol services, children’s events, crib services and Christingles. Across these events we welcomed over 1,600 adults and children, which is encouragingly 8% more than last year. In 2021 we had a significant number of changes to our staff team and in 2022 the Church Council continued to search for Worship & Production, Children’s and Youth Leaders. We were incredibly blessed to appoint Nick Collard in February and later in the year, Laura-Anne Putterford and Emily Clark (née Sutton) into these exciting and vital roles. In July, our curate Mark Gould was priested and we were blessed again with the arrival of our new curate Kat Page. In 2022 we have continued to focus on Safeguarding. We are making great progress within our church. Thank you to all members of the Church Council for the support they have given over the year to get the key priorities actioned. This has meant that our Safeguarding Dashboard is looking a lot healthier and a number of policies have been renewed and implemented to bring our safeguarding requirements up to date. - 3 - ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GREAT MARLOW, WITH MARLOW BOTTOM, LITTLE MARLOW AND BISHAM** ## **MEMBERS REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ ## **The Lantern, Marlow Bottom** Over the past year it has been great to see our numbers in church remain reasonably constant at both the 9.30 and 11.00 services as we continue to worship together in song and quiet prayer. As we compile the 2023 Mission Statistics for the Diocese we can see there has been an increase in worshipers at key events including our Easter and advent services. We have continued to meet informally for lunches after service Sundays and also during the summer months which is always a time to chat and get to know each other better which helps to solidify the bond of one church. After a review of our Vision for 2022-32 at our January Church Council meeting looking at our achievements so far we can see the vision of ‘Fertile Ground, Healthy Body and Bright light’ is coming through strong in everything we do from the Advent Lunch, the promotions of church services and activities across the community in Marlow Bottom and the One Can collections that took place on our service Sundays. As part of this Vision we are continuing to advertise and look for a Children and Families worker to join the team in Marlow Bottom. We are also seeing great success in the Lantern Community corner which takes place each month and we are reaching out across the ages with crafts, games, cake and coffee. Thanks to a great team effort, our new Community Corner has taken off. We meet on the first Thursday of the month in St Mary’s with the aim of being a meeting place for all ages while having refreshments, playing table games and crafting. The babies and toddlers group is going well. We meet on Tuesday mornings 10.00 – 11.30 during term time at the Chapel. There are two rooms at the Chapel set up with toys, games and activities for under 5s. Every session ends with singing time and either Christian songs with Mark and his guitar, often helped by the children with musical instruments, or an interactive Bible story from Graham. Highlights of the past year include our ‘Teddy Bear’s Picnic’ in July and our Christmas party. Our numbers are generally around 10 children, ranging from 7 to 14 week by week. We are listed in Toddle About magazine which we give out to our adults and also on the ‘A Church Near You’ website. - 4 - ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GREAT MARLOW, WITH MARLOW BOTTOM, LITTLE MARLOW AND BISHAM** ## **MEMBERS REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ ## **St John the Baptist, Little Marlow** At St John the Baptist Church, Little Marlow we can report a more active year in 2022 with the further relaxation of covid restrictions. The established pattern of services which resumed in 2021 was further developed with the introduction of an informal child friendly service at 11am on the 3rd Sundays. We discontinued the streaming of the main services as members of the congregation returned in person. The church has also continued to open for private prayer on one Sunday afternoon a month. Following from the announcement of Vicar Sarah’s retirement on grounds of ill health, we received excellent support from the 4u clergy team. We are very appreciative and grateful all those in the team for taking our services and also to those outside the local clergy team such as Bishop Alan, Archdeacon Guy Elsmore and Associate Archdeacon Chris Bull. The special celebrations such as the Patronal Festival, Mothering Sunday, Harvest and the Christmas services were recommenced, but the biggest change was the inclusion of the informal services which started in July. We thank Abby for leading the introduction of the children’s focus of these. Abby was appointed as our part time children’s worker which included spending 4.5 hours a week with the children at Little Marlow C of E Infant School. The numbers attending these services have grown steadily over the year and we are particularly pleased that parents are now beginning to contribute to the service. Our challenge now is to link such people into the wider life of the church through social events and other means. We were delighted to welcome approximately 110 to the recent Easter service which included children and parents from the school. We are reviewing the timing of the Christingle service where numbers were a little disappointing, but both crib services were very well attended. We were able to restart social events including Music at the Manor, the Flower festival with outdoor fund raiser, the Quiz evening, several tables at the restarted village fete and the harvest lunch. In addition, we held a Pimms and Hymns service which was very popular and a Hymns of Praise evensong. Jason Downes kindly invited the choir to sing carols at the Manor House at Christmas. Coffee and teas after services was extended to sherry or prosecco and canapes after some of the special services which encouraged the congregation to stay and chat after the service. We also had a soup lunch which was well received. The church has maintained its environmental agenda and built links with local groups. Jeff Smith drafted an excellent Parish Profile to recruit a new vicar and we thank him and those on the interview panel. As part of the recruitment process, we held a social event in the church for the members of the congregation and local residents to meet the candidate. There was also a lunch for the clergy, interviewers and representatives from the school and the parish council as we try to build contacts. As most will already know, Fiona Ellingham was offered and has accepted the post and we look forward to her arrival in August. She will be formally licenced in early September. The Church Council met formally on 6 occasions in 2022. These meetings regularly cover the church programme, finance, safety, maintenance, safeguarding and reports from the Team and Deanery. Copies of the minutes are available for everyone to view in a folder by the Church door. ## **Thanks** We sadly said farewell to our Team Vicar Sarah in January 2023 and wish her well in her new home in Folkestone. We are very grateful for her work with us over the last decade and value her involvement in the life of our church community. We pray for her health and future path and wish her and Richard every blessing. - 5 - ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GREAT MARLOW, WITH MARLOW BOTTOM, LITTLE MARLOW AND BISHAM** ## **MEMBERS REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ ## **Achievements and performance** ## **Financial review** Attached to this report are the financial statements for the Parish for the year ending 31st December 2022; these consolidate income, expenditure and assets and liabilities for all four churches. Total income increased this year by £13,000, with church cctivities such as weddings returning to pre-Covid levels. The overall expenditure has increased by approximately £78,000. This in turn led to an overall net deficit movement in funds of £18,000 compared to a surplus in 2021 of £86,000. There remain liquid unrestricted funds to finance activities for the foreseeable future. Given the relatively fixed nature of the cost base, new ways to grow revenue are being explored. It is therefore considered prudent to continue to conserve funds as far as possible. As in most churches, Covid19 had a negative effect on the income of all four of our churches. We did however join an on-line giving programme which partly helped to alleviate the situation. The PCC has an established policy of maintaining reserves at a level which is felt sufficient to enable the current level of activities to be continued. Activity levels can be maintained for the foreseeable future. The Church has not formally adopted an investment policy. In practice only funds which are not needed in the short term (e.g., fabric funds) are considered for investment and the only investments made are in CCLA Church of England funds. Each of the DCCs has assessed the financial and operational risks pertaining to their church. There are named representatives from each of the churches responsible for assessing and addressing risk issues. It has been agreed by the PCC that each church shall report on its financial condition twice a year whilst operational risk will be reported on once a year. The PCC Representative for safeguarding children and vulnerable adults is Mrs P Evans with representatives for each church. The safeguarding policy for the Diocese of Oxford was adopted during the year 2020. - 6 - ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GREAT MARLOW, WITH MARLOW BOTTOM, LITTLE MARLOW AND BISHAM** ## **MEMBERS REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ ## **Structure, governance and management** The PCC is a corporate body established by the Church of England. The PCC operates under the Parochial Church Councils (Powers) Measure 1956 and the Church Representation Rules and was registered with the Charity Commission on 9 July 2009. The Parish was created by an Order in Council dated 9 February 1993 and a Scheme approved by the Bishop of Dorchester on 31 May 2016 and embraces four District Church Councils - All Saints’, Marlow (ASM), St Mary the Virgin, Marlow Bottom (MB), St John the Baptist, Little Marlow (LM) and All Saints’, Bisham (ASB). The primary object of the PCC is to promote the Gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England. In so doing, the PCC co-operates with the clergy in promoting in the Parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. The appointment of PCC members is governed by and set out in the Church Representation Rules 2011 and the Parish Constitution. Lay members of the PCC are, in some cases, ex officio. The other lay appointments were confirmed at the Annual Parish Church Meeting on 7th October 2020. The following people serving in the year are all registered as Charitable Trustees, except those marked with an asterix. Clergy The Rev D Bull – Team Rector Team Vicars: The Rev G Watts The Rev S Jones The Rev S Watts (until Jun 2022) The Rev K Page (from Aug 2022) The Rev S Fitzgerald (until Nov 2022) The Rev J Smith (from Nov 2022) Deanery Synod P Banfield R Bull S Featherstone-Clark G Slocombe (until Oct 2022) K Burns (from Apr 2022) ## Elected Members E Cleugh D Cronchey N Tanner – Treasurer (until May 2022) ## Churchwardens S Featherstone-Clark N Lewis P Rodgeresio May 2021) J Smith C Bradley-Sessions K Burns The appointment of PCC members is governed by and set out in the Church Representation Rules 2011, supplemented by the provisions of the Parish Constitution. The membership of the PCC currently consists of the team clergy and the licensed lay minister, with churchwardens, lay members of the Deanery and Diocesan Synods, and lay representatives of the Parish. Members of church congregations over the age of 16 and on the Electoral Roll may stand for election to their local DCC and as lay representatives to the PCC and are encouraged to do so. Training is available to those new to trusteeship to explain the responsibilities of trusteeship and PCC membership. - 7 - ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GREAT MARLOW, WITH MARLOW BOTTOM, LITTLE MARLOW AND BISHAM** ## **MEMBERS REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ The PCC is responsible for making decisions on all matters of general concern and importance to the Parish including deciding how the funds of the PCC are to be spent. So far as possible, the PCC has delegated day-to-day running of each church to the local DCC. Each DCC remains responsible to the PCC and reports back to the PCC on a regular basis. The members report was approved by the Board of Members. .............................. **Chairman** Date: .............................................17th July 2023 - 8 - ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GREAT MARLOW, WITH MARLOW BOTTOM, LITTLE MARLOW AND BISHAM** ## **INDEPENDENT EXAMINER'S REPORT** ## **TO THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GREAT MARLOW, WITH MARLOW BOTTOM, LITTLE MARLOW AND BISHAM** I report to the members on my examination of the financial statements of The Parochial Church Council of the Ecclesiastical Parish of Great Marlow, with Marlow Bottom, Little Marlow and Bisham (the PCC) for the year ended 31 December 2022. ## **Responsibilities and basis of report** As the members of the PCC you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act). I report in respect of my examination of the PCC’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiner's statement** Since the PCC’s gross income exceeded £250,000, your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the ICAEW, which is one of the listed bodies. I have completed my examination. I confirm that no 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 2011 Act; or - 2 the financial statements do not accord with those records; or - 3 the financial statements 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 financial statements to be reached. Mr C J Nisbet FCA Azets Audit Services Suites B&D Burnham Yard Beaconsfield Bucks HP9 2JH Dated: ......................... - 9 - ## |**Total**||**2021**|**£**||474,695|62,483|1,833|3,455|542,466|||4,271|472,967|477,238||20,883||86,111| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |**Restricted Endowment**|**funds**
**funds**|**2021**
**2021**|**£**
**£**||22,455
-|-
-|-
-|6
-|22,461
-|||4,246
-|16,346
-|20,592
-||11,057
4,342||12,926
4,342| |**Designated**|**funds**|**2021**|**£**||76,666|-|-|57|76,723|||-|26,808|26,808||-||49,915| |**Total Unrestricted**|**funds**|**2022**
**2021**|**£**
**£**||456,098
375,574|84,661
62,483|10,669
1,833|3,988
3,392|555,416
443,282|||5,864
25|549,076
429,813|554,940
429,838||(18,161)
5,484||(17,685)
18,928| |**Restricted Endowment**|**funds**
**funds**|**2022**
**2022**|**£**
**£**||38,257
-|-
-|3,757
-|157
-|42,171
-|||5,485
-|34,995
-|40,480
-||(6,753)
(8,143)||(5,062)
(8,143)| |**Designated**|**funds**|**2022**|**£**||8,049|-|-|59|8,108|||-|24,653|24,653||-||(16,545)| |**Unrestricted**|**funds**|**2022**|**£**||409,792|84,661|6,912|3,772|505,137|||379|489,428|489,807||(3,265)||12,065| ||||**Notes**|**Income from:**|Voluntary income
**2**|Church activities
**3**|Fundraising events
**4**|Investment income
**5**|**Total income**|**Expenditure on:**||Raising funds
**6**|Charitable activities
**7**|**Total expenditure**|Net gains/(losses) on|investments
**11**|**Net incoming/(outgoing)**|**resources before transfers**| |**Total**||**2021**|**£**||86,111||-|86,111|411,258|497,369| |---|---|---|---|---|---|---|---|---|---|---| |**Restricted Endowment**|**funds**
**funds**|**2021**
**2021**|**£**
**£**||12,926
4,342||(34,502)
-|(21,576)
4,342|128,652
30,347|107,076
34,689| |**Designated**|**funds**|**2021**|**£**||49,915||34,306|84,221|62,745|146,966| |**Total Unrestricted**|**funds**|**2022**
**2021**|**£**
**£**||(17,685)
18,928||-
196|(17,685)
19,124|497,369
189,514|479,684
208,638| |**Restricted Endowment**|**funds**
**funds**|**2022**
**2022**|**£**
**£**||(5,062)
(8,143)||9,709
-|4,647
(8,143)|107,076
34,689|111,723
26,546| |**Designated**|**funds**|**2022**|**£**||(16,545)||-|(16,545)|146,966|130,421| |**Unrestricted**|**funds**|**2022**|**£**||12,065||(9,709)|2,356|208,638|210,994| ||||**Notes**|**Net incoming/(outgoing)**|**resources before transfers**|Gross transfers between|funds|**Net movement in funds**|Fund balances at 1 January|**Fund balances at 31 December**| ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GREAT MARLOW, WITH MARLOW BOTTOM, LITTLE MARLOW AND BISHAM** ## **BALANCE SHEET** ## _**AS AT 31 DECEMBER 2022**_ |**Notes**
**Fixed assets**
Tangible assets
**12**
Investments
**13**
**Current assets**
Debtors
**14**
Investments
**15**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**16**
Net current assets
**Total assets less current liabilities**
**Funds**
Endowment funds
**18**
Restricted funds
**19**
Designated funds
**20**
Unrestricted funds|**2022**
**£**
26,743
87,270
216,685
330,698
(28,917)|**£**
266
177,637
177,903
301,781
479,684
26,546
111,723
130,421
210,994
479,684|**2021**
**£**
23,396
91,901
206,183
321,480
(25,142)|**£**
266
200,765| |---|---|---|---|---| |||||201,031
296,338| |||||497,369| |||||34,689
107,076
146,966
208,638| |||||497,369| The financial statements were approved by the Members on .........................20th June 2023 .............................. ## **Trustee** - 12 - ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GREAT MARLOW, WITH MARLOW BOTTOM, LITTLE MARLOW AND BISHAM** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ ## **1 Accounting policies** ## **Charity information** The Parochial Church Council of the Ecclesiastical Parish of Great Marlow, with Marlow Bottom, Little Marlow and Bisham is a body corporate body (PCC Powers Measure 1956, Church Representation Rules 2011) established by the Church of England. ## **1.1 Accounting convention** The financial statements have been prepared in accordance with the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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 charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are informal gatherings of Church members. The financial statements are prepared in sterling, which is the functional currency of the PCC. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, modified to include the revaluation of fixed asset investments and to include fixed asset investments at fair value. The principal accounting policies adopted are set out below. ## **1.2 Going concern** At the time of approving the financial statements, the members have a reasonable expectation that the PCC has adequate resources to continue in operational existence for the foreseeable future. Thus the members continue to adopt the going concern basis of accounting in preparing the financial statements. ## **1.3 Charitable funds** General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted. Restricted funds represent donations and grants and the income thereon received for a specific objective or invited by the PCC or any DCC for a specific objective. The funds may only be expended on the specific objective for which they were given. Any balance remaining unspent at the end of each year must be carried forward as a balance on that fund. Endowment funds are funds the capital of which must be maintained. Only income arising from the investment of the endowment may be used either as restricted or unrestricted funds depending on the purpose for which the endowment was established. ## **1.4 Income** Income is recognised when the PCC is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. - 13 - ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GREAT MARLOW, WITH MARLOW BOTTOM, LITTLE MARLOW AND BISHAM** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ ## **1 Accounting policies** **(Continued)** ## **Voluntary income** - Collections are recognised when received by or on behalf of the PCC. - Planned giving receivable under covenant is recognised only when received. - Income tax recoverable on covenants or 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 notified of its legal entitlement and the amount due. - Funds raised by fetes and similar events are accounted for gross. - Sales of books and magazines from the Church bookstalls are accounted for gross. ## **Income from investments** - Dividends and interest are accounted for when receivable. - Tax recoverable on such income is recognised in the same accounting year. ## **Gains and losses on investments** - Realised gains or losses are recognised when investments are sold. - Unrealised gains or losses are accounted for on revaluation of investments at the balamce sheet date. ## **1.5 Expenditure** Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. ## **Grants** Grants and donations are accounted for when paid, or when awarded, if that award creates a binding obligation on the PCC. ## **Activities directly relating to the work of the church** The Diocesan quota is accounted for when payable. Any quota unpaid at the balance sheet date which the PCC intends to pay is accrued as a contstructive (though not a legal) obligation and included within creditors at the balmace sheet date. ## **1.6 Tangible fixed assets** Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Fixtures, fittings and equipment 20% straight line Computers 20% straight line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. - 14 - ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GREAT MARLOW, WITH MARLOW BOTTOM, LITTLE MARLOW AND BISHAM** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ - **1 Accounting policies** **(Continued)** ## **Consecrated land and buildings and movable church furnishings** Consecrated and beneficed property is excluded from the accounts by s.10(2)(a) of the Charities Act 2011. No value is placed on movable church furnishings held by the churchwardens on special trust for the PCC and which require a faculty for disposal since the PCC considers this to be inalienable property. All expenditure incurred during the year on consecrated or benefice buildings and movable church furnishings, whether maintenance or improvement, is written off as expenditure in the statement of financial activities and separately disclosed. - **1.7 Fixed asset investments** Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred. ## **1.8 Impairment of fixed assets** At each reporting end date, the PCC reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). ## **1.9 Cash and cash equivalents** Cash and cash equivalents includes cash at bank and in hand. ## **1.10 Financial instruments** The PCC has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the PCC's balance sheet when the PCC becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. ## _**Basic financial assets**_ Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. ## _**Basic financial liabilities**_ Basic financial liabilities, including creditors, are recognised at transaction price. ## _**Derecognition of financial liabilities**_ Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled. ## **1.11 Employee benefits** Short term employee benefits are recognised as incurred. ## **1.12 Retirement benefits** Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. - 15 - ## ||Total||2021|£|164,558|3,709|209,716||79,492|17,220|474,695| |---|---|---|---|---|---|---|---|---|---|---|---| ||Restricted|funds|2021|£|16,778|1,933|2,892||637|215|22,455| ||Designated|funds|2021|£|60,700|791|400||14,775|-|76,666| ||Unrestricted|funds|2021|£|87,080|985|206,424||64,080|17,005|375,574| ||**Total**||**2022**|**£**|146,234|4,903|202,425||72,519|30,017|456,098| ||**Restricted**|**funds**|**2022**|**£**|29,966|1,370|2,474||4,421|26|38,257| ||**Designated**|**funds**|**2022**|**£**|5,200|2,799|-||50|-|8,049| ||**Unrestricted**|**funds**|**2022**|**£**|111,068|734|199,951||68,048|29,991|409,792| |**Voluntary income**|||||Donations and gifts|Grants|Planned giving||Gift aid tax recoverable|Collections|| |**2**|||||||||||| ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GREAT MARLOW, WITH MARLOW BOTTOM, LITTLE MARLOW AND BISHAM** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ **3 Church activities** |**Church**
**activities**
**Church**
**activities**
**2022**
**2021**
**£**
**£**
Fees
58,879
35,932
Church and hall letting etc.
25,454
16,736
Other income
328
9,815
84,661
62,483|**Church**
**activities**
**Church**
**activities**
**2022**
**2021**
**£**
**£**
Fees
58,879
35,932
Church and hall letting etc.
25,454
16,736
Other income
328
9,815
84,661
62,483|**Church**
**activities**
**Church**
**activities**
**2022**
**2021**
**£**
**£**
Fees
58,879
35,932
Church and hall letting etc.
25,454
16,736
Other income
328
9,815
84,661
62,483| |---|---|---| ||**2022**
**£**
58,879
25,454
328
84,661|**2021**
**£**
35,932
16,736
9,815| |||62,483| |||| |**Fundraising events**||| |**Unrestricted**
**Restricted**
**funds**
**funds**
**2022**
**2022**
**£**
**£**
Fundraising events
6,912
3,757|**Total**
Unrestricted
funds
**2022**
2021
**£**
£
10,669
1,833|| - **4 Fundraising events** - 17 - |**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GREAT MARLOW, WITH**
**MARLOW BOTTOM, LITTLE MARLOW AND BISHAM**
**NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
**_FOR THE YEAR ENDED 31 DECEMBER 2022_**|**5**
**Investment income**
**Unrestricted**
**Designated**
**Restricted**
**Total**
Unrestricted
Designated
Restricted
Total
**funds**
**funds**
**funds**
funds
funds
funds
**2022**
**2022**
**2022**
**2022**
2021
2021
2021
2021
**£**
**£**
**£**
**£**
£
£
£
£
Dividends receivable
3,127
-
-
3,127
3,109
-
-
3,109
Interest receivable
645
59
157
861
283
57
6
346
3,772
59
157
3,988
3,392
57
6
3,455| |---|---| ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GREAT MARLOW, WITH MARLOW BOTTOM, LITTLE MARLOW AND BISHAM** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ |**6**|**Raising funds**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2022**
**2022**
**£**
**£**
Fundraising and publicity
Staging fundraising
events
379
5,485
Other fundraising costs
-
-
Fundraising and publicity
379
5,485
379
5,485|**Total**
Unrestricted
Restricted
funds
funds
**2022**
2021
2021
**£**
£
£
5,864
25
-
-
-
4,246
5,864
25
4,246
5,864
25
4,246|Total
2021
£
25
4,246| |---|---|---|---| ||||4,271| ||||4,271| - 19 - ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GREAT MARLOW, WITH MARLOW BOTTOM, LITTLE MARLOW AND BISHAM** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ |**7**
**Charitable activities**
**Church**
**activities**
**Church**
**activities**
**2022**
**2021**
**£**
**£**
Staff costs
106,536
111,929
Depreciation and impairment
-
100
Missionary and charitable giving - overseas
15,125
13,726
Missionary and charitable giving - societies and other charities
16,905
7,308
Ministry - Diocesan quota
218,492
216,319
Ministry - Clergy costs
3,471
8,307
Choir, organists, and related costs
13,093
7,247
Church running expenses
40,015
15,823
Chruch maintenance - heating and lighting
23,788
9,117
Church maintenance - repairs and maintenance
14,135
14,971
Church maintenance - insurances
10,738
9,925
Church hall running costs
21,850
13,398
Wedding and funeral costs
29,107
19,576
Parish office costs
21,177
16,608
Recruitment costs
7,209
1,736
Other costs
2,035
2,527
543,676
468,617
Share of governance costs (see note 8)
5,400
4,350
549,076
472,967
**Analysis by fund**
Unrestricted funds
489,428
429,813
Designated funds
24,653
26,808
Restricted funds
34,995
16,346
549,076
472,967|**7**
**Charitable activities**
**Church**
**activities**
**Church**
**activities**
**2022**
**2021**
**£**
**£**
Staff costs
106,536
111,929
Depreciation and impairment
-
100
Missionary and charitable giving - overseas
15,125
13,726
Missionary and charitable giving - societies and other charities
16,905
7,308
Ministry - Diocesan quota
218,492
216,319
Ministry - Clergy costs
3,471
8,307
Choir, organists, and related costs
13,093
7,247
Church running expenses
40,015
15,823
Chruch maintenance - heating and lighting
23,788
9,117
Church maintenance - repairs and maintenance
14,135
14,971
Church maintenance - insurances
10,738
9,925
Church hall running costs
21,850
13,398
Wedding and funeral costs
29,107
19,576
Parish office costs
21,177
16,608
Recruitment costs
7,209
1,736
Other costs
2,035
2,527
543,676
468,617
Share of governance costs (see note 8)
5,400
4,350
549,076
472,967
**Analysis by fund**
Unrestricted funds
489,428
429,813
Designated funds
24,653
26,808
Restricted funds
34,995
16,346
549,076
472,967|**7**
**Charitable activities**
**Church**
**activities**
**Church**
**activities**
**2022**
**2021**
**£**
**£**
Staff costs
106,536
111,929
Depreciation and impairment
-
100
Missionary and charitable giving - overseas
15,125
13,726
Missionary and charitable giving - societies and other charities
16,905
7,308
Ministry - Diocesan quota
218,492
216,319
Ministry - Clergy costs
3,471
8,307
Choir, organists, and related costs
13,093
7,247
Church running expenses
40,015
15,823
Chruch maintenance - heating and lighting
23,788
9,117
Church maintenance - repairs and maintenance
14,135
14,971
Church maintenance - insurances
10,738
9,925
Church hall running costs
21,850
13,398
Wedding and funeral costs
29,107
19,576
Parish office costs
21,177
16,608
Recruitment costs
7,209
1,736
Other costs
2,035
2,527
543,676
468,617
Share of governance costs (see note 8)
5,400
4,350
549,076
472,967
**Analysis by fund**
Unrestricted funds
489,428
429,813
Designated funds
24,653
26,808
Restricted funds
34,995
16,346
549,076
472,967| |---|---|---| ||**2022**
**£**
106,536
-
15,125
16,905
218,492
3,471
13,093
40,015
23,788
14,135
10,738
21,850
29,107
21,177
7,209
2,035
543,676
5,400
549,076
489,428
24,653
34,995
549,076|**2021**
**£**
111,929
100
13,726
7,308
216,319
8,307
7,247
15,823
9,117
14,971
9,925
13,398
19,576
16,608
1,736
2,527| |||468,617
4,350| |||472,967| |||429,813
26,808
16,346| |||472,967| - 20 - ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GREAT MARLOW, WITH MARLOW BOTTOM, LITTLE MARLOW AND BISHAM** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ ## **8 Support costs** |**Support costs**|||| |---|---|---|---| |Independent examination
and accountancy fees
Analysed between
Charitable activities|**Support**
**costs**
**Governance**
**costs**
**£**
**£**
-
5,400
-
5,400
-
5,400|**2022**Support costs Governance
costs
**£**
£
£
5,400
-
4,350
5,400
-
4,350
5,400
-
4,350|2021
£
4,350| ||||4,350| ||||4,350| ## **9 Members** None of the members (or any persons connected with them) received any remuneration or benefits from the PCC during the year. During the year the members were reimbursed expenses of £11,435 (2021: £7,924). ## **10 Employees** The average full time equivalent number of employees during the year was: |**Employment costs**
Wages and salaries
Social security costs
Other pension costs|**2022**
**Number**
4
**2022**
**£**
104,461
624
1,451
106,536|**2021**
**Number**
3| |---|---|---| |||**2021**
**£**
105,649
3,485
2,795| |||111,929| There were no employees whose annual remuneration was more than £60,000. - 21 - |||Total||2021|£|20,883|-|20,883| |---|---|---|---|---|---|---|---|---| |||Endowment|funds|2021|£|4,342|-|4,342| |||Restricted|funds|2021|£|11,057|-|11,057| |||Unrestricted|funds|2021|£|5,484|-|5,484| |||**Total**||**2022**|**£**|(17,695)|(466)|(18,161)| |||**Restricted Endowment**|**funds**
**funds**|**2022**
**2022**|**£**
**£**|(6,753)
(8,143)|-
-|(6,753)
(8,143)| |||**Unrestricted**|**funds**|**2022**|**£**|(2,799)|(466)|(3,265)| |**Net gains/(losses) on investments**||||||Revaluation of investments|Gain/(loss) on sale of investments|| |**11**||||||||| ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GREAT MARLOW, WITH MARLOW BOTTOM, LITTLE MARLOW AND BISHAM** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ |**12**
**Tangible fixed assets**
**Fixtures,**
**fittings and**
**equipment**
**Computers**
**£**
**£**
**Cost**
At 1 January 2022
17,920
2,878
Disposals
(10,042)
-
At 31 December 2022
7,878
2,878
**Depreciation and impairment**
At 1 January 2022
17,654
2,878
Eliminated in respect of disposals
(10,042)
-
At 31 December 2022
7,612
2,878
**Carrying amount**
At 31 December 2022
266
-
At 31 December 2021
266
-|**Total**
**£**
20,798
(10,042)
10,756
20,532
(10,042)
10,490
266
266| |---|---| Fixtures, fittings and equipment included assets held within restricted funds with a net book value of £nil (2021: £nil), disposed of within the year. ## **13 Fixed asset investments** |**Listed**
**investments**
**Cash in**
**portfolio**
**£**
**Cost or valuation**
At 1 January 2022
198,257
2,508
Valuation changes
(18,161)
33
Disposals
(5,000)
-
At 31 December 2022
175,096
2,541
**Carrying amount**
At 31 December 2022
175,096
2,541
At 31 December 2021
198,257
2,508|**Total**
**£**
200,765
(18,128)
(5,000)
177,637
177,637
200,765| |---|---| - 23 - ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GREAT MARLOW, WITH MARLOW BOTTOM, LITTLE MARLOW AND BISHAM** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ |**14**
**Debtors**
**Amounts falling due within one year:**
Other debtors
Prepayments and accrued income
**15**
**Current asset investments**
Cash deposits
**16**
**Creditors: amounts falling due within one year**
Other creditors
Accruals and deferred income|**2022**
**£**
23,970
2,773
26,743
**2022**
**£**
87,270
**2022**
**£**
4,424
24,493
28,917|**2021**
**£**
21,171
2,225| |---|---|---| |||23,396| |||**2021**
**£**
91,901| |||**2021**
**£**
2,798
22,344| |||25,142| ## **17 Retirement benefit schemes** ## **Defined contribution schemes** The PCC operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the PCC in an independently administered fund. The charge to profit or loss in respect of defined contribution schemes was £1,451 (2021: £2,795). - 24 - |**Endowment funds**|Endowment funds represent assets which must be held permanently by the PCC. Income arising on the endowment funds can be used in accordance with the objects of|the PCC and is included as unrestricted income. Any capital gains or losses arising on the assets form part of the fund.|**Movement in funds**
**Movement in funds**|**Balance at**
**Incoming**
**Resources**
**Transfers**
**Revaluations**
**Balance at**
**Incoming**
**Resources**
**Transfers**
**Revaluations**
**Balance at**|**1 January 2021**
**resources**
**expended**
**gains and**
**1 January 2022**
**resources**
**expended**
**gains and**
**31 December**|**losses**
**losses**
**2022**|**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**|**All Saints Marlow**|Yates bequest
26,934
-
-
-
4,342
31,276
-
-
-
(4,730)
26,546|Curate fund
3,413
-
-
-
-
3,413
-
-
-
(3,413)
-|30,347
-
-
-
4,342
34,689
-
-
-
(8,143)
26,546| |---|---|---|---|---|---|---|---|---|---|---|---| |**18**|||||||||||| |**Restricted funds**|The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:|**Movement in funds**
**Movement in funds**|**Balance at**
**Incoming**
**Resources**
**Transfers Revaluations,**
**Balance at**
**Incoming**
**Resources**
**Transfers Revaluations,**
**Balance at**|**1 January 2021**
**resources**
**expended**
**gains and**
**1 January 2022**
**resources**
**expended**
**gains and**
**31**|**losses**
**losses**
**December**|**2022**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**|**All Saints Marlow**|Rectors|Discretionary fund
4,192
-
(4,192)
-
-
-
-
-
-
-
-|Organ Restoration|fund
967
-
(967)
-
-
-
-
-
-
-
-|Plate fund
453
-
-
-
-
453
-
-
-
-
453|Crypt
205
-
-
-
-
205
-
-
-
-
205|Choir Tours fund
1,782
-
-
-
-
1,782
-
-
-
-
1,782|Intern
2,863
-
(2,863)
-
-
-
-
-
-
-
-|Choir Music fund
1,456
-
-
-
-
1,456
-
(1,283)
-
-
173|Speakers and|Monitors
581
-
(581)
-
-
-
-
-
-
-
-|5 Year Vision
37,700
-
-
(37,700)
-
-
-
-
-
-
-|Leadership|Development
125
-
(125)
-
-
-
-
-
-
-
-|Furniture fund
-
15,960
(5,070)
-
-
10,890
4,683
(25,282)
9,709
-
-|**Total**
50,324
15,960
(13,798)
(37,700)
-
14,786
4,683
(26,565)
9,709
-
2,613| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |**19**|||||||||||||||||||||||| |**Restricted funds**
**(Continued)**|**St Mary the Virgin**|**Marlow Bottom**|Creche fund
285
-
-
-
-
285
-
-
-
-
285|S&S Sabbatical fund
420
-
-
-
-
420
-
-
-
-
420|Children and|Families Worker
-
-
-
-
-
-
50
-
-
-
50|Other Funds (see|below)
-
-
-
-
-
-
1,445
(1,445)
-
-
-|**Total**
705
-
-
-
-
705
1,495
(1,445)
-
-
755|**St John the Baptist**|**Little Marlow**|Fabric fund
69,998
1,942
(2,542)
-
11,057
80,454
634
(3,300)
-
(6,753)
71,035|**Total**
69,998
1,942
(2,542)
-
11,057
80,454
634
(3,300)
-
(6,753)
71,035|**All Saints Bisham**|**All Saints Bisham**|Fabric fund
4,611
87
-
(3,722)
-
976
597
-
-
-
1,573|Cloakroom Facilities|fund
(5,236)
101
-
5,135
-
-
-
-
-
-
-|Friends
8,250
4,371
(4,252)
(215)
-
8,155
7,819
(9,165)
-
-
6,809|Organ fund
-
-
-
2,000
-
2,000
26,943
(5)
-
-
28,938|**Total**
7,625
4,559
(4,252)
3,198
-
11,131
35,359
(9,170)
-
-
37,320|128,652
22,461
(20,592)
(34,502)
11,057
107,076
42,171
(40,480)
9,709
(6,753) 111,723| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |**19**||||||||||||||||||||||| |**Designated funds**|The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:|**Movement in funds**
**Movement in funds**|**Balance at**
**Incoming**
**Resources**
**Transfers Revaluations,**
**Balance at**
**Incoming**
**Resources**
**Transfers Revaluations,**
**Balance at**|**1 January 2021**
**resources**
**expended**
**gains and**
**1 January 2022**
**resources**
**expended**
**gains and**
**31 December**|**losses**
**losses**
**2022**|**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**|**All Saints Marlow**|5 Year Vision
-
72,625
(22,000)
37,700
-
88,325
-
(22,000)
-
-
66,325|Fabric fund
18,812
2,750
(1,808)
-
-
19,754
-
-
-
-
19,754|**Total**
18,812
75,375
23,808
37,700
-
108,079
-
(22,000)
-
-
86,079|**St Mary the**|**Virgin - Marlow**|**Bottom**|Children and|Families Worker|Fund
-
-
-
-
-
-
4,000
-
-
-
4,000|**Total**
-
-
-
-
-
-
4,000
-
-
-
4,000|**St John the**|**Baptist - Little**|**Marlow**|Development|Fund
7,313
-
(3,000)
-
-
4,313
3,559
(966)
-
-
6,906|Music Fund
3,438
1,348
-
-
-
4,786
549
(1,687)
-
-
3,648|Other Fund
124
-
-
-
-
124
-
-
-
-
124|**Total**
10,875
1,348
(3,000)
-
-
9,223
4,108
(2,653)
-
-
10,678| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |**20**|||||||||||||||||||||||||| |**(Continued)**||||29,664|29,664|130,421|||Total||2021|£||||266|200,765|296,338|497,369| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||||-|-|-|||Endowment|funds|2021|£||||-|34,689|-|34,689| |||||-|-|-|||Restricted|funds|2021|£||||-|-|107,076|107,076| |||||-|-|(24,653)|||Designated|funds|2021|£||||-|-|146,966|146,966| |||||-|-|8,108|||Unrestricted|funds|2021|£||||266|166,076|42,296|208,638| |||||29,664|29,664|146,966|||**Total**||**2022**|**£**||||266|177,637|301,781|479,684| |||||-|-|-|||||||||||||| |**Designated funds**|**All Saints**||**Bisham**|Capital Fund
33,058
-
-
(3,394)|**Total**
33,058
-
-
(3,394)|62,745
76,723
(26,808)
34,306||**Analysis of net assets between funds**|**Unrestricted**
**Designated**
**Restricted**
**Endowment**|**funds**
**funds**
**funds**
**funds**|**2022**
**2022**
**2022**
**2022**|**£**
**£**
**£**
**£**|Fund balances at 31|December 2022 are|represented by:|Tangible assets
266
-
-
-|Investments
151,091
-
-
26,546|Current assets/(liabilities)
59,637
130,421
111,723
-|210,994
130,421
111,723
26,546| |**20**||||||||**21**|||||||||||| ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GREAT MARLOW, WITH MARLOW BOTTOM, LITTLE MARLOW AND BISHAM** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ ## **22 Related party transactions** There were no disclosable related party transactions during the year (2021: none). - 30 -