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2022-12-31-accounts

Clergy (Ex officio) Clergy (Ex officio) Rob Phillips Diocesan Synod Diocesan Synod Diocesan Synod
Caroline West Deanery Synod
Tom Deanery Synod
Woodbridge
Churchwardens (elected Philip Hioms (to Diocesan Synod
annually) May 2022)
Rupert Webster PCC member then
(from May 2022) Churchwarden from May
2022
Jefferson
Lynch
Deanery Synod
GeneralSynod Julie Maxwell
PCC Deanery Synod David Elkin
Representatives

Alex Hurdle from May 2022 from May 2022
Emma Hayes until May 2022
Philip Hioms
Kathryn
Key
Jefferson
Lynch
Elected Members Sam Baker
Colin Barton
Jonathan
Collins
from May 2022
Roger Day until May 2022
Chris Fry
Hayden
Jenkins
Alistair Maxwell
Tim Robinson
Tricia Rose from May 2022
Mat Rundle
Nigel Smith from May 2022
Zoe Tebbs
Colin Williams until May 2022
Ruth Williamson

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2022 2021
Notes
FIXED ASSETS
Tangible Fixed Assets 886,530 911,744
886,530 911,744
CURRENT ASSETS
Stock 11,087 11,849
Debtors 6,492 4,014
Cash at bank, short term deposit and in hand 211,763 222,611
229,342 238,474
LIABILITIES
Amounts falling due within one year (7,430) (12,462)
NET CURRENT ASSETS 221,912 226,012
LIABILITIES
Falling due in more than one year
TOTAL NET ASSETS 1,108,442 1,137,756
PARISH FUNDS
Unrestricted - General Fund 158,370 157,454
Capital - Property Fund 152,128 155,669
Restricted - Building Fund 797,944 824,633
1,108,442 1,137,756

O TES TO THE FINANCIAL STATEMENTS
For the year ended Stet December 2022
1 ACCOUNTING
POLICIES
7he financial statements
have been prepared
in accordance
with lhe Accounting
and Rriporling
by
Chariliem Statement ofRecommended
practice applicable
lo Charifies preparing
Iheir accounts
in accordance
with the Finattcial
Reporting
Standard applicable in Ihe UK and
Repubflc of Ireland (FRS 102) - (Charily SORP (FRS107))and the Chariges Act 2011
'I he pCC constitutes a public benefit entity as degned by FRS 102.
Tire linancial
staterrienls
have been prepared
under Ihe Iifstorical cost convention.
The accounts are prepared
in Pounds Stetting, vihich is
also Ihe Functional
currency ofIhe PCC. Monetary
amounts
in these accounts are rounded
to Ihe nearesl
61, unless staled otherwise.
There are no malarial
uncertainges
about the charily's
ability to continue
operating.
The impact ofthe Covid pandemic
have largely been
mitigated
because of tha nature ofttie activities of Si Mary's end tlm generous
donations
made by
parishioners in botii lime and financiat
resources
during
Iho podiod.
Funds
The pCC operates three separate
funds.
The General
Fund represents
gie funds of the PGG Ihat are nol sub)ect lo any rasldictions
regarding
their use and are available
for
application
on the general putposes of the PCC. Funds designated
for e particular
purpose
by Ihe PCC are also unrestricted.
The Capital Fund represents
Ihe purclmso cost of 10Beaulieu
Court and tho Arinoxo (Oid Rectory).
The Building
Fund is a restricted special appeal
fund operated
speciffcagy to support Bm construction
of
the Auditorium, the associated ro-
modelling
ofIhe premises and subsequent
signigcant
repairs and refurbishment
of ag church buildings.
No other restricted
funds are operated
by Ihe PCC. Attention
i
drawn lo the notice about Church Funds
displayed
near
Ihe main entrance.
Tho accounts include ag transactions,
assets anrl Imbililies for which Ihe PCC is responsible
in lsw.
They do nol indude Ihe accounts of
church groups that owe their main affiliation
fo another
body nor those that aie informal
gatherings
of Church members.
Incoming Resources
tyofunlary
Income snd Capirsl Sources
Coilecbons are recognised
when received
by or on behalf of the PGC.
Planned
giving under gilt aid ls recognised
when the Income is received. fncome Tax recoverable
on giyt
aid is recognised at the sama bmo
as giving
is received.
Grants and legacies lo Iho PCC are accounted
for as saon as BlePCC is notified ofits legal entitlement,
the amount
duc
is quantiyiable and
ils ultimate
receipt by Ihe PCC is reasonably
certain.
Income relating
lo ogier activities (forexample, Coffee Shop, Men's and Women's Weekends,
Catering,
Bookstall and other groups) is
recognised as the activities occur. Income and expenditure
are recognised
separately.
Otherlncorne
Rental income from the short lerm hire ofthe church premises is recognised
evenly over the terre of the
lease. Our lease terms are lypicagy
nolongerthan(12
months].
Irmome from Investments
Interest Baccounted
for when receivable.
Resources Used
Grarlfs
Grants and donations
are accounted
for when
paid over, or when awarded,
if that awsrrl creates a
binding obligation
an
gio PCC.
Acrfvfrfes
Directly Relating
fo the Work Of The Church
Ths diocesan parish share is accounted
for wh
n payable. Other expenditure
is accounted
for when the
liability is crystalised
Taxation
As a Charily the PCC does not undertake
any ectivity which fags within Ihe scope of UK fncome taxation.
Fixed Assets
Consecrated
Land and Bugdings
and Movaabfe
Church Furnishings
Conserraled
and beneficed properly
is excluded
from Ihe accounts by s.g6(2)(a) of the Charities
Aot 2011.
No valu
is placed on moveable
church furnishings
held by the church wardens
on special trust for
Ihe PGG and which require
a facuhy
for
disposal since Ihe PCC considers
this to be iriafienable
property.
Ag expenditure
incurred
during Ihe year
on consecrated or beneliced
buildings
and moveable
church furnishings,
whether
maintenance
or improvement,
is wnlten
offas
expenditure in the Statement ofFinancial
Activities
and separately
disclosed.

5 FIXEDASSETS
Church Annex 19Beaulieu 19Beaulieu Fixtiims Office 1OTAL
Building (Old Rectory) Coun Court and and other
Complex Improvements Fittings Equipment
Actual l Deemed Cost
As at 1st January 2022 785,854 109,754 67,159 12,558 255,994 71,411 1,302,730
Upgrades
and replacement
4,094 1550 5,644
Additions 2,365 2,365
Wnnen-off
in the year
22 375
As at 31stDecember 2022 789948 109754 67 159 12558 257,544 51 401 I 310739
Accumulated
Depreciation
As at 1stJanuary 2022 94,171 13,186 8,058 8,650 196,758 70,163 390,986
Charge forthe year 15,799 2,198 1,343 1,256 11,500 1,127 33,223
Wriiten-off
in Ihe year
22 375
As at 31stDecember 2022 109970 15384 9401 9906 208 258 48915 424 209
Net Value
As at 31st December 2022 679,978 94,370 57,758 2,652 49,286 2,486 886,530
As at 31st December 2021 691,683 96,568 59,101 3,908 59,236 1,248 911,744
000
The Church
Building
Complex, Annex and 19Beaulieu Court are being depreciated over 50years from 2016
6 DEBTORS
2022 2021
Income Tax Recoverable 2,243 2,813
Other Debtors and Prepayments 4,249 1,201
6,492 4,014
7 LIABILITIES
2022 2021
Falling due within one year
Nl and PAYE payabfe on wages
Creditors 7,430 (12,462)
7,430 (12,462)
8 ANALYSIS OF NET ASSETS BYFUND
Unrestricted Capital Restricted Total
Funds Funds Fuii(ls
Fixed Assets 12,764 152,128 721,638 886,530
Current Assets 153,036 0 76,306 229,342
Current
Liabilities
(7,430) 0 0 (7,430)
Fund Balance 158,370 152,128 797,944 1,108,442