## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |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||| ## ## ## ## ## ||||I-
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0| |IL|I0)||||||||||||||||||||||| ## ## ||||||||||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|| ## ##