## **PAROCHIAL CHURCH COUNCIL OF BISHOP HANNINGTON MEMORIAL CHURCH, HOVE**
**ANNUAL REPORT AND FINANCIAL STATEMENTS OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2022**
## **REGISTERED CHARITY No 1130527**
**Bishop Hannington Memorial Church, Nevill Avenue, Hove, BN3 7NH**
**Incumbent:**
**The Revd Canon Philip Moon, 82 Holmes Avenue, Hove (retired 06.02.2022) The Revd Dr Nicholas Tucker, 82 Holmes Avenue, Hove (05.09.2022)**
**Independent Examiner: Independent Examiners, Unit 2, The Broadbridge Business Centre, Delling Lane, Bosham, West Sussex. PO18 8NF**
**Bankers: CAF Bank Ltd, West Malling, Kent**
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## Table of Contents
Report of the PCC for the year ended 31 December 2022 ........................................................ 3 Statement of members of the PCC responsibilities ................................................................... 9 Examiner’s Report .................................................................................................................... 10 Statement of Financial Activities for the year ending 31 December 2022 .............................. 11 Balance sheet as at 31 December 2022 ................................................................................... 12 Cash flow statement at 31 December 2022 ............................................................................ 13 Accounting Policies .................................................................................................................. 14 Notes to the accounts for the year ending 31 December 2022 .............................................. 15
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## Parochial Church Council of Bishop Hannington Memorial Church Hove
## Report of the PCC for the year ended 31 December 2022
## Administrative information
The Parish of Bishop Hannington Memorial Church is part of the Diocese of Chichester within the Church of England and comprises three congregations.
Bishop Hannington Memorial Church is situated on the corner of Nevill Avenue and Holmes Avenues, Hove. Holy Cross Church is situated on Tamworth Road, Hove. All correspondence should be addressed to 44 Shelley Road, Hove, BN3 5FQ. Goldstone Church meets at Goldstone Primary School, Laburnham Avenue, Hove BN3 7JW. All correspondence should be addressed to 39 West Way, Hove
## Structure, Governance and Management
## The Parochial Church Council (PCC)
Bishop Hannington Memorial Church (BH) is the Parish Church for the Ecclesiastical Parish of Bishop Hannington Memorial in the City of Brighton and Hove. The Parish is a charity registered with the Charity Commission and has the registration number 1130527. The members of the Parochial Church Council (PCC) are its trustees. The PCC, which is the local representative body in the government of the Church of England, is a corporation sole and its governing instrument is the Parochial Church Councils (Powers) Measure (1956) (as amended) and the Church Representation Rules. This report incorporates two other churches within the parish: Holy Cross and Goldstone.
The Vicar, Assistant Clergy, Churchwardens, Holy Cross Wardens and members of the Deanery, Diocesan, or General Synods are _ex officio_ members. Other members are elected or appointed in accordance with the Church Representation Rules including nine members of the laity who are elected by members at the Annual Parochial Church Meeting (APCM). Church members are encouraged to stand for election to the PCC and we try to ensure a balance of skills and experience where possible. In addition, up to two others can be co-opted to membership. One of these co-opted member’s places is reserved for a representative of the Goldstone Church.
During the year of 2022, the following served as members of the Parochial Church Council (PCC) and were trustees of the charity:
Chairman:
The Rev Canon P Moon until 6[th] February and Rev Dr Nick Tucker from 5[th] September
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|Assistant Clergy:|The Rev D Howarth, The Rev B Martin|
|---|---|
|Churchwardens:|Mr G Payne, Mr D Bawtree|
|Holy Cross Wardens|None|
|Diocesan Synod Representatives:|Mrs S Slamo|
|Deanery Synod Representatives:|Mrs G Carr, Mrs J Cowley, Mr N Sarjudeen, Mrs S Slamo, Mr David|
||Payne*, Mr Bob Overton-Hart*|
|Elected Members:|Mr J Puttock*, Mr H Turner. Mrs F Crosthwaite, Mrs J Tanner, Mrs C|
||Puzey Ω, Mrs A McCauley, Mr T Cristin, Mrs C Dalton, Mr J Marshall, Mr|
||T Sweetman*|
|Co-opted Members:|Mr D Hughes.|
*Elected May 2022, Ω Deceased.
The Annual Parochial Council Meeting was held on 8[th] May. Each of the three churches in the Parish has a Committee which function as sub-committees of the PCC. A key aspect of Governance is the agreement of their Terms of Reference which are agreed by the PCC at their first meeting after the APCM each year and which detail the limits of expenditure that can be authorised by those Bodies and describe any matters that are reserved to the PCC. This allows the PCC to focus on Parish and wider Church issues.
The Bishop Hannington Committee consists of the elected members to the PCC who consider BH as their church, BH church Clergy, Churchwardens, Treasurer and the Church Operations Manager(s) in attendance.
The Holy Cross Church Committee consists of the Minister, up to two deputy wardens if elected by Holy Cross (none from April 2022), any diocesan or deanery synod representatives who worship at the church, up to eight elected members and one member appointed by the PCC.
The Goldstone Church is led by a leadership team that consists of the Minister and up to six Elders. They work with a team of Leaders who are made up of the coordinators of the main ministries in the church, and a representative from the PCC.
The PCC is responsible for a wide range of matters affecting the parish, including compliance with health and safety, disability and child protection legislation. In their capacity as trustees, members of the PCC are responsible for the stewardship of funds and for the appropriate accounting and reporting of the parish finances. The PCC works to ensure that each member of the committee is equipped to fulfil his or her role. New members of the PCC are invited to discuss their role and responsibilities at an introductory meeting held after the APCM each year. The PCC Secretary and Treasurer are elected at the first PCC meeting after the APCM. Regular mailings from the Diocese keep these officers up to date with changes in church regulations and financial procedures and these are reported to the whole PCC as appropriate.
The PCC has appointed a Safeguarding Officer and a Vulnerable Adults Safeguarding Representative who are responsible for ensuring that a Disclosure and Barring Service search is conducted on all those who work with children and vulnerable adults in the church.
The standing committee is the only committee required by law. It consists of the Vicar, Churchwardens, Treasurer, and two appointed PCC members with the Curate and Church Operations Manager(s) in attendance. It has the power to transact the business of the PCC between its meetings, subject to directions
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given by the full PCC. It also oversees the general financial situation of the work of the parish by monitoring income and expenditure, establishing and reviewing appropriate financial controls, preparing budgets, and other financial statements, and recommending to the PCC any extraordinary expenditure.
The full PCC met four further times during the year for normal business. The Standing Committee met four times in the year and agreed a number of items by email.
The Rev Phil Moon had announced towards the end of 2021 that he would be retiring on 6[th] February after more than 17 years of faithful service to Bishop Hannington. We would like to record our grateful thanks to God for him, his wife Anna and their family, for the full part that they played in serving the church family. The PCC had met towards the end of 2021 to draft the parish profile and person specification, and then a further twice early in 2022 with the Section 11 meeting being held on 7[th] February. Interviews were held in April and an announcement made to the church on Sunday 22[nd] May that the Rev Dr Nick Tucker, then currently serving in Edgbaston, had accepted the invitation to become the vicar of Bishop Hannington parish. Nick and his family moved to Hove in August and his licensing service took place on 5[th] September 2022 with the Bishop of Chichester officiating. We thank God for this appointment and look forward to a long and fruitful ministry under Nick. We record our grateful thanks to the Rev Ben Martin for the extra work that he took on during the vacancy and for the gracious way in which he carried the extra responsibilities, and to the Bishop and patrons for their assistance during the appointment process.
The PCC had passed a motion in 2021 relating to the Living in Love and Faith discussions (LLF) taking place nationally in the Church of England as follows: ‘‘We recognise the deep and profound pastoral issues involved in the Living in Love and Faith process, and the fundamental need to love our fellow human beings. This PCC firmly wishes the Church of England General Synod to reaffirm its commitment to the authority of the Bible, (and therefore to the fact that salvation is offered irrespective of race, gender or sexuality), and to historically orthodox doctrine and practice within the Church of England in relation to the areas of identity, gender and sexual activity, and to clearly reject all attempts to revise Church of England doctrine and practice in these areas.’ The PCC continued to track and discuss the progression of LLF throughout the year.
The change of incumbent provided a good opportunity to review the way that we are organised and the workload that the governance was putting on the incumbent. Prior to Rev Nick Tucker starting it was agreed that the PCC would take over the employment of the non-ordained staff which had previously been the responsibility of the Bishop Hannington Christian Workers Trust (BHCWT). New employment contracts were issued in late summer for most staff when the change became effective, and a HR committee was formed as a sub-committee of the PCC to oversee staff matters. A memorandum of understanding was agreed between the BHCWT and the PCC.
The PCC have had regard to the Charity Commission’s guidance on public benefit. The charity’s activities advance religion and are for the public benefit by expressing God's concern for the spiritual and physical needs of men and women, the maintenance of places for the public worship of God, the provision of regular and occasional religious services for people of all ages and the availability of clergy and lay members to provide information about Christian belief and support individuals with pastoral needs. These activities are available to anyone living in the parish and beyond who wishes to avail themselves of them, irrespective of their social, economic or religious background.
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## Objectives and Activities - Achievements and Performance
The primary objective of Bishop Hannington Memorial Church PCC is the proclamation of the Gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England. The PCC has the responsibility of co-operating with the incumbent in promoting the mission of the Church, in the parish and beyond.
Our objectives were taken forward by the three individual congregations as follows:
## Bishop Hannington Memorial Church
BH’s Mission Statement is ‘ _Making disciples of Christ in Brighton & Hove and for the world’._ As part of the Church of England, we are committed to glorifying God and therefore we want every member (of whatever age) to be passionate about bible teaching, corporate worship, prayer, pastoral care, evangelism and mission.
BH continued to operate through the year with Sunday and Thursday services as well as midweek meetings for various age groups, home group meetings, pastoral care and mission support. Further information, beyond what is needed for this statutory report, will be found on our website. Our verse for 2022 was Romans 15: 13 ‘May the God of hope fill you with all joy and peace as you trust in him, so that you may overflow with hope by the power of the Holy Spirit’. From this we focused on three goals:
- a. Learning to trust God more
- b. Being filled with Joy and Peace
- c. Reaching our community with Gospel hope
Apart from the events noted above some significant matters in the life of BH were:
- Numbers attending services continue to improve, although we have not recovered to pre-pandemic levels, particularly the children’s groups on Sundays.
- As part of the nationwide “Passion for Life” initiative we held well attended guest events with Paul Ogunyemi (Church Army) and Jonathan Aitken, which augmented our continuing Alpha and Hope Explored courses.
- We held a community event to mark the Queen’s Platinum Jubilee with the Mayor in attendance. We offered a quiet place for prayer and contemplation as well as a book of condolence following the Queen’s death.
- We continue to be constrained by lack of volunteers, and it is especially a matter of regret that the weeknight Explorers group is still not able to run.
- The youth work has evidenced some encouragements and a ‘Crossroads café’ offering hot chocolate to passing school children while talking to them about Jesus has been launched and been well received.
## Goldstone Church
This was the 31st year of the Goldstone Church plant, the seventh full year with Simon James-Morse as Minister.
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- Sunday Services. Weekly services at Goldstone Primary School continue to build a Christian worshipping community. The congregation is growing spiritually, both personally and corporately. We are very thankful for the good co-operation with the school which has been strengthened by the Goldstone minister joining the governing body.
- Signs of Grace. The monthly services for the deaf community provide spiritual support to the deaf in the congregation, help those learning British Sign Language (BSL), and integrate deaf and hearing people.
- Lindridge Care Home. Weekly services at Lindridge provide a proactive Christian witness in the community, provide faith services in the NHS Residential Home, and regular social interactions with residents. The Goldstone Church Minister continues to be part of the NHS Voluntary Chaplaincy Team, assigned to Lindridge Care Home.
## Holy Cross Church
In 2022, Holy Cross Church served local people in a number of ways:
- Church members have loved their neighbours in deed and not just in word.
- Through our Sunday services and a new weekly daytime initiative, Tuesday At Ten, local people of all ages and stages have made friends, enjoyed community, and grown spiritually.
- Four initiatives have particularly served young people and their adults: Junior Jivers, a weekly song and action group for pre-schoolers and their adults, with a Christian theme; a new monthly group, Dadz N Kidz, for under-11's and their (male) adults; and two events in the local park: an Easteregg hunt, and a Jubilee trail.
- In the wake of the death of Queen Elizabeth II, we provided for local people a book of condolence and a space to enjoy quiet reflection and/or prayer.
## Electoral Roll
At the end of 2022 the electoral roll totalled 333 (342 at end 2021); 259 (Bishop Hannington Memorial Church (261 at end 2021), Holy Cross Church 36 (43 at end 2021), and Goldstone Church 37 (38 at end 2021).
## Financial Review
Income rose from £517,291 last year to £624,924. During the year most of the employees of the Christian Workers Trust transferred to the PCC, and James Hannington Memorial Trust changed its governing document, thereby falling under the technical control of the PCC. The effect of these changes was to increase income by some £140,000 to reflect the transfer of funds at the dates of change. Underlying income therefore fell by approximately £32,000, due to a reduction in unrestricted legacies and one-off grants.
Costs have fallen by about £15,000. This reduction in costs is almost entirely due to reduced spend on major projects for our main church building.
As a group we recorded a surplus of £40,204, although this relates entirely to restricted funds. Individually, BH lost £37,491 (due to the costs mentioned above), Holy Cross lost £4,301 (before the BH support of £23,224), and Goldstone lost £5,295. Further analysis can be seen in note 9 of the accounts.
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The group has net current assets of £408,514, compared with £368,310. This increase is due to the restricted fund balances as set out in note 6.
## Reserves Policy
This relates only to unrestricted funds.
Our reserves are set out in the notes to the financial statements. Goldstone and Holy Cross church retain unrestricted funds that their committees consider appropriate to ensure their continuing operation, and these are shown as designated funds. A separate designated fund is maintained for major capital projects at BH, based on a rolling 4-year assessment of needs.
BH maintains the balance of reserves in line with the policy established by the PCC, and reviewed during 2021. The PCC considered that a reasonable level of free reserve is between £50,000 and £100,000 although agreed that it should be nearer the higher end of this range. This is held to enable us to respond to unexpected downturns, or take strategic opportunities as they arise. Any funds in excess of this range are used first to fund capital projects and secondly to support the wider mission of the church.
As shown in the accounts, the free reserve, shown as the BH General Fund, at the year-end was £80,000.
## Environmental matters
We have previously considered both the impact we have on climate change; and the impact climate change has on the charity. We do not consider there is any impact on our going concern assessment or asset values. We are however conscious of the costs related to property maintenance caused by more extreme weather, the rising costs of energy, and the effects this may have on our supporter base. This is considered as part of the PCC risk assessment process.
## Risk management
The PCC review risks formally twice a year, firstly to consider the overall risk environment and to identify major risks, and then later to consider the effectiveness of risk management strategies.
The major (gross) risks identified in this process were: data protection, being led astray from sound doctrine, safeguarding, reliance on too few people and the changes being discussed nationally within the Church of England on changing doctrine and the definition of marriage (see LLF resolution in the earlier section).
The PCC also considered the risks associated with the vacancy following the resignation of Phil Moon after the year end.
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## Future plans
The PCC are encouraged by the gentle recovery of numbers in many of our activities and services, and are committed to continuing the proclamation of the gospel in as wide and inclusive way as possible. We are aware of the challenges in the coming year, as the economy affects finances, and the difficulties facing the wider church. These challenges may require us to adapt in how we work, without compromising the good news of Jesus Christ.
## Statement of members of the PCC responsibilities
As members of the PCC we are required to prepare accounts for each financial year which give a true and fair view of the state of our affairs and of the surplus or deficit for the year. In preparing these accounts, the PCC is required to:
- select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent; and
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements, and whether the financial statements have been prepared in accordance with the Charities SORP and the Church Accounting Regulations.
We are also responsible for:
- maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the PCC, and
- safeguarding the assets of the PCC and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed
Rev Dr Nicholas Tucker
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## Examiner’s Report
## Respective responsibilities of the Trustees and Independent Examiner
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## Statement of Financial Activities for the year ending 31 December 2022
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Unrestricted Restricted Total Total
Funds Funds 2022 2021
£ £ £ £
Income Notes
Donations, including gift aid 339,049 158,920 497,969 412,269
Grants 49 - 49 12,247
-
Legacies 37,356 37,356 20,000
Rental 83,246 - 83,246 58,733
Other 6,236 69 6,305 14,041
Total income 1 428,579 196,345 624,924 517,291
Church activities 2 & 3 475,667 109,053 584,720 599,546
Net income/ (expenditure) (47,087) 87,291 40,204 (82,255)
Transfers between funds (7,147) 7,147 - -
Net movement in funds (54,234) 94,438 40,204 (82,255)
Total funds at start of year 2,257,961 5,350 2,263,311 2,345,566
Total funds at end of year 2,203,726 99,789 2,303,515 2,263,311
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The notes on pages 11 to 20 form part of these accounts
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## Balance sheet as at 31 December 2022
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Group Charity
Notes 2022 2021 2022 2021
Fixed assets - property 4 1,895,001 1,895,001 1,895,001 1,895,001
Current assets
Debtors and prepayments 12,629 2,865 12,629 2,865
Cash held as investment 307,827 339,655 307,827 339,655
Cash held in bank accounts 98,219 28,166 53,414 28,166
Total current assets 418,675 370,686 373,870 370,686
Creditors due within one
year 5 10,161 2,376 10,161 2,376
Net current assets/
(liabilities) 408,514 368,310 363,709 368,310
Total net assets/ (liabilities) 2,303,515 2,263,311 2,258,710 2,263,311
Represented by:
Unrestricted funds:
Property (revaluation)
reserve 1,895,001 1,895,001 1,895,001 1,895,001
Other unrestricted funds 308,725 362,960 308,725 362,960
Total unrestricted funds 2,203,726 2,257,961 2,203,726 2,257,961
Restricted funds 99,789 5,350 54,983 5,350
Total funds 2,303,515 2,263,311 2,258,710 2,263,311
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## **Approved by the Parochial Church Council on 27[th] February 2023 and signed on its behalf by**
Nick Tucker Don Bawtree Chair Treasurer The notes on pages 14 to 20 form part of these accounts
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## Cash flow statement at 31 December 2022
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Total funds Total funds
2022 2021
Net result for the year 40,204 (82,255)
Adjustments for:
Rental and investment income (83,246) (58,733)
Debtor (increase)/ decrease (9,764) (1,653)
Creditor increase/ (decrease) 7,785 (2,298)
Cash flow from operating activities: (45,021) (144,939)
Cash flows from investing activities:
Rental and investment income 83,246 58,733
Sale of fixed assets - -
Total cash flows from investing activities 83,246 58,733
Cash flows from financing activities:
- -
Changes in borrowing
Other - -
- -
Total cash flow from financing activities
Change in cash and cash equivalents 38,225 (86,206)
Opening cash and cash equivalents 367,824 454,030
Cash and cash equivalents at the year end 406,049 367,824
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The change in net debt is all due to change in cash and equivalents as set out above.
Notes 14 – 20 form part of these accounts
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## Accounting Policies
- a) **Convention:** The financial statements have been prepared under the Church Accounting Regulations 2006 in accordance with applicable accounting standards and the Statement Of Recommended Practice, Accounting and Reporting by Charities SORP (FRS 102). The PCC is a public benefit entity.
- b) **The group accounts:** comprise BH PCC and the James Hannington Memorial Trust, a separate registered charity which became part of the group in 2022.
- c) **Income:** Donations are recognised on receipt, with associated gift aid recoveries. Grants and legacies are recognised accounted for when notified of entitlement, the amount due is quantifiable and its ultimate receipt by the PCC is probable. Staff time and related costs, provided by BH CWT, is recognised on receipt, with a matching item of expenditure. Rental income from the letting of church premises is recognised as earned.
- d) **Expenditure:** Expenditure is recognised as incurred. Grants and donations, including parish share, are accounted for when paid, or when a legal or constructive obligation is created. Where Vat is recovered on expenditure, this is presented as a net cost.
- e) **Fixed Assets:** Consecrated and beneficed property is excluded from the accounts by virtue of the Charities Act 2011. 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 SOFA and separately disclosed. Freehold land and buildings, which are held for continuing use by the PCC (other than Holy Cross Church), have been included at deemed cost. No depreciation is provided on Freehold buildings due to their expected life exceeding 50 years. Individual components or items of equipment with a purchase price of £2,500 or less are written off when the asset is acquired.
- f) **Taxation:** The church, as a registered charity, is generally not liable to taxation on its surplus or capital gains. Irrecoverable VAT is included in the cost of those items to which it relates. VAT recovered on listed building work is offset against expenditure.
- g) **Going concern:** The PCC considers that it’s reserves and risk policies are sufficient to ensure that there are no material uncertainties about the church's ability to continue as a going concern.
- h) **Judgements and Estimates:** The main judgements applied in these accounts relate to the recognition of income and expenditure as set out above, and the treatment of consecrated properties and related fixed asset expenditure. These judgements have been informed by accounting guidance prescribed by the Business Committee of the General Synod in their guide to the SORP 2005.
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## Notes to the accounts for the year ending 31 December 2022
## 1 Income
- Donations include staff time provided by BHCWT, itself funded mainly by donations. This has been valued at £84,703 (2021: £121,000). The fall arises from changing in funding and salary arrangements.
- Other income includes payments for youth ventures.
- Income does not include the extensive volunteer time contributed by members of each church.
## 2 Analysis of expenditure
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2022 2021
£ £
Paid to diocese - parish share 119,116 118,600
Other staff costs, including accommodation 262,397 263,215
Ministry costs, excluding staff 34,869 40,849
Church and hall maintenance, equipment 104,554 151,429
Office costs ( support costs) 23,922 16,361
Grants to other organisations 35,892 7,399
Governance costs - examination fee 3,970 1,692
584,720 599,546
Restricted expenditure included above: 109,053 (PY: 40,985)
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## Explanation of costs:
- Paid to diocese - parish share: covers ordained staff and related support from the diocese.
- Other staff costs, including accommodation: includes all other costs relating to staff, including payments to BHCWT, and notional cost of donated services. This allocation basis has changed with direct employment of staff by PCC.
- Ministry costs, excluding staff: costs of materials, events and other costs directly related to our ministry.
- Church and hall maintenance, equipment: incurred on consecrated property, or below our capitalisation limit.
- Office costs (support costs): overheads.
- Grants to other organisations: mainly comprise grants made by JHMT, consolidated for the first time in 2022.
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## 3 Staff costs for the year
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2022
(Paid by the PCC or provided through CWT) £
Wages and salaries 200,772
Social Security Costs 12,670
Contribution to defined contribution pension schemes 13,982
Other benefits 19,564
246,987
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- The average head count (not FTE) employed by PCC/CWT, excluding ordained staff in 2022 was: 11.5
- No staff were employed by the PCC in 2021.
- No staff member received remuneration in excess of £60,000. Clergy are office holders and their costs are included in the amounts paid to the diocese.
- One member of staff is employed through a related party, and their costs are included above.
- Staff costs disclosed above exclude training, expenses and other non-employment related items.
## 4 Fixed assets
These comprise the following land and buildings held at "cost" (under the FRS 102 transitional rules, this is the market value as at 2014).
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Vicarage 82, Holmes Avenue 550,000
House for staff 80, Holmes Avenue 300,000
Holy Cross Associate Vicar House 43, Hogarth Road 550,000
Youth and community centre and flat 38, Holmes Avenue 495,000
1,895,000
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- Holy Cross Church is an asset of the parish, but is not included above as it is a consecrated property. It is notionally valued at £1
- Some of the above properties are let out commercially when not in use by staff. As the intention is to retain these properties for the church's own use, they continue to be treated as functional fixed assets.
- All properties listed were originally purchased using an appeal to establish an evangelical church in the area. This restriction is in line with the core activities of the PCC and the properties are therefore not treated as restricted funds.
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## 5 Creditors
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2022 2021
£ £
Amounts owed to third parties 8,661 977
Accruals 1,500 1,400
10,161 2,377
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## 6 Analysis of net assets by fund
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Unrestricted Restricted
Current year funds funds Total funds
Fixed assets 1,895,001 - 1,895,001
Current assets 298,564 99,789 398,353
Current liabilities 10,161 - 10,161
2,203,726 99,789 2,303,515
Prior year
Fixed assets 1,895,001 - 1,895,001
Current assets 360,583 5,350 365,933
Current liabilities 2,377 - 2,377
2,257,961 5,350 2,263,311
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Further analysis of funds is provided in note 9.
## 7 Expenses incurred by PCC members
- No trustee has received remuneration from the charity.
- Expenses reimbursed or incurred by 2 (PY:2) trustees, amounted to £622 (PY: £9,411), relating to travel costs and reimbursement of training costs.
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- 8 Related party transactions during the reporting period were as follows:
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Name 2022 2021 Role Description
Gillian Carr £2,583 £1,640 Trustee of Books Alive, a During the year we had arms length
local Christian bookshop transactions with Books Alive.
Gillian Carr £4,200 £4,200 PCC Rent paid for staff
member accommodation.
Incumbent £2,583 £1,640 Trustee of Books Alive, a During the year we had arms length
(Phil Moon local Christian bookshop transactions with Books Alive.
or Nick
Tucker)
Don Bawtree £11,400 £11,400 PCC Rent paid to related party for staff
member accommodation.
Don £129,915 £53,741 Trustee of BH Christian Payment towards staff costs.
Bawtree Workers Trust
and John
Puttock
John Puttock £2,583 0 Trustee of Books Alive, a During the year we had arms length
local Christian bookshop transactions with Books Alive.
Phil Moon £4,448 £53,741 Trustee of BH Christian Payment towards staff costs.
Workers Trust
Trustee of BH Christian Payment towards staff costs.
Nick Tucker £89,964 0 Workers Trust
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## 9 Funds
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Surplus/
deficit
before
Unrestricted funds Opening funds Income Expenditure transfer Transfers Closing funds
All unrestricted funds are
designated as follows:
General funds BH 70,248 316,505 299,058 17,447 (7,695) 80,000
Capital projects BH 223,455 - 54,938 (54,938) 6,983 175,500
General funds Holy Cross 52,804 72,551 76,852 (4,301) (6,435) 42,068
General funds Goldstone 16,453 39,523 44,819 (5,295) 11,157
Subtotal 362,960 428,579 475,667 (47,087) (7,147) 308,725
Property (revaluation)
reserve BH 1,895,001 - - - - 1,895,001
2,257,961 428,579 475,667 (47,087) (7,147) 2,203,726
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- The numbers above exclude transactions between the churches.
- During the year the BH general fund paid £23,234 on behalf of the Holy Cross parish share
- The capital projects fund is financed by transfers from the BH general fund as reserves permit.
- Staff costs are charged to the CWF fund by agreement with the donor and our reserves policy.
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- The BH pastoral and hardship funds provide support for those in need.
- The Holy Cross mission fund supports mission, with further payments made from unrestricted funds.
- Staff costs are charged to the CWF restricted funds as required to enable the general fund to cover its staff costs, subject to maintaining a reserve of £20,000.
- JHMT is the James Hannington Memorial Trust, a separate registered charity (284183) supporting mission mainly through grants.
- Transfers represent reallocation of old fund balances
## 10 Comparative information - last year's restricted funds:
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Opening funds Income Expenditure Transfers Closing funds
BH: pastoral fund 7,049 3,039 6,341 3,747
BH: hardship fund 974 2,522 2,324 1,172
Holy Cross: mission 628 11,136 10,940 824
Goldstone: mission and ministry 10,212 600 10,692 120
BH: Other funds(restated) 8,011 2,165 10,688 (512)
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26,874 19,461 40,985 5,350
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