2022-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of St Martin, Liskeard

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Liskeard Parochial Church Council

Registered Charity No. 1130720

Statement of accounts

for the year ended 31 December 2022

Liskeard Parochial Church Council Annual Report For the year ended 31 December 2022

Introduction

The Parochial Church Council (PCC) is a registered charity, number 1130720. It is registered with the Charity Commission under the name "The Parochial Church Council of the Ecclesiastical Parish of St Martin, Liskeard", with the working name of "Liskeard PCC". The charity is also known as St Martin's Church, Liskeard.

Aims and Purposes

Our primary purpose as a church is the promotion of the Gospel of our Lord Jesus Christ, according to the doctrines and practices of the Church of England. Our main charitable purpose is therefore the advancement of religion. The PCC is required by the Parochial Church (Powers) Measure 1956 to co-operate with the parish priest (vicar) in promoting in the parish the whole mission of the church, pastoral, evangelistic, social and ecumenical.

The parish church of Liskeard is dedicated to St Martin and is part of the Diocese of Truro within the Church of England. It is a grade II* listed medieval church with a capacity of 550. Liskeard PCC has maintenance responsibilities for this church and thereby preserves this historic building for future generations. The PCC is also responsible for the maintenance of St Martin's Church Centre (a grade II listed building) & the lower church hall in Church Street, Liskeard.

Public benefit

In carrying out their responsibilities, the members of the PCC (who are the charity trustees) have had regard to the Charity Commission’s guidance on public benefit. As well as having an active church membership, St Martin's is used by the community for key events, with special services held throughout the year, such as the annual civic service and the Remembrance Day service. Special services are also held at Easter and Christmas, which many extra visitors and locals attend. The church also provides a focus for local people at key times in their lives, including baptisms, weddings and funerals. Since the disruption of so many services in 2020 due to COVID-19, the church has been live streaming services on its YouTube channel: (https://www.youtube.com/channel/UCkQ84Zh2Q67826P_-yuxp4A).

One of the strengths of St Martin's is the range of services available, from the traditional sung Communion services, to the more modern services with worship led by a music group. Separate children's and youth groups are held during the 11:00 services. This provides a choice of worship styles, to make the church accessible to as many people as possible.

The PCC’s mission statement is "Through the power of the Spirit to bring the love of Jesus to our community, to make disciples and to worship God". With this mission statement in mind, we provide support to local families and individuals through a range of activities:

Acting as a frontline support service to distribute crisis funding to those in real need. In 2022 we made 34 payments totalling £2,500 and helping 69 adults and children in need.
Continuing the work of our Christians Against Poverty debt centre which helps people become and stay debt free, and which covers the Liskeard and Looe area. During the year we took on 17 new clients and saw £25,170 of debt repaid or written off. Since starting in April 2019 the centre has worked with 79 clients, and £211, 949 of debt has been repaid or written off.

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Liskeard Parochial Church Council Annual Report For the year ended 31 December 2022

Public benefit (continued)

Running face to face and online Alpha and Youth Alpha courses for those exploring the Christian faith. During the year, 23 people attended these courses.
Running "Kids Matter" parenting courses in conjunction with local schools. We only ran the one course in 2022, with 6 parents, but are planning several in 2023.
Running "Transforming Lives for Good" mentoring sessions with children in one of our primary schiools. We currently have four mentors, each working with one child. Two more mentors are being trained up.
Running an annual outdoor Carpark Carols service. In 2022 the event was run at the community college as a Christingle service with over 200 people attending.
Expanding the number of "Life Groups" where small groups meet to share and explore their faith. During 2022 five new life groups were established, and three more are already scheduled to start in early 2023. 125 individuals are now attending life groups.
Running youth activities, and running a weekly "Blaze Kids' Club", which is for years 2 to 6, and reaches an average of 18 children.
Running our weekly ABC groups (Adults, Babies, Children). The year started with an average of 18 children per week and grew to 26 by the end of the year, with roughly the same number of adults attending.
Attending weekly assemblies at two of the three primary schools in the parish under the "Open the Book" initiative. As a result, 420 children see dramatised versions of Bible Stories.
Continuing to be an Eco Church, and working towards our Silver Eco Church award, which we expect to achieve in the first quarter of 2023.

St Martin's has an established internet and social media presence. Details of the church's services and other regular events can be obtained from the church office, or

the church's website (https://smartchurchliskeard.co.uk) or

"A church near you" web site (www.acny.org.uk/2577/).

The church, the church centre and the lower hall act as venues for a huge range of community groups and the members of St Martin's Church also support a range of local and international charities in the work that they do.

Objectives and activities

The church's "Transforming Mission" project is part funded by the Church Commissioners and the Diocese of Truro. The project is designed to help St Martin's Church grow and develop into a resourcing church, helping other churches in South East Cornwall to grow as well. We continued to grow in 2022, and now have a membership of about 240 adults and about 25 children and youth. We also started to work with other parishes in 2022.

In addition to the vicar (church leader) and curate, the church's Transforming Mission team includes: an operations manager; worship leader; pioneer leader (overseeing families, youth and children's work); a families' worker; and an intern. The church also employs a CAP centre manager (Christians Against Poverty), a parish administrator; and a cleaner for the church centre complex.

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Liskeard Parochial Church Council Annual Report For the year ended 31 December 2022

Vision and missional priorities

The church’s vision document can be found on our website, using this QR code, or visiting https://smartchurchliskeard.co.uk/about/#vision.

In response to Jesus' love and generosity to us, our missional priorities are:

Mission, evangelism & growth
Discipleship & good teaching
Families & young people
Community and looking after the poor

This diagram shows how what we do as a church fits in to these missional priorities.

Achievements and performance

Church attendance

The number on the new electoral roll for 2022-2023 is 185, comprising 141 people resident in the parish and 44 who are non-resident. The 2022 update resulted in 14 names being removed, and 22 new people being added to the electoral roll.

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Liskeard Parochial Church Council Annual Report For the year ended 31 December 2022

Church attendance (continued)

The following numbers relate to the average attendances for the last three months of 2022, excluding special Christmas services and activities (which are shown separately). Online numbers relate to attendance via YouTube:

9:15 Sunday service: 44 attended church on average, with 55 YouTube views (2021: 42 attended, 37 online viewings).
11:00 Sunday service: 89 attended church on average, including an average of 22 children, with 96 YouTube views (2021: 77 attended, including 15 children, and 64 online viewings).
Wednesday morning communion (not online): 21 attended on average (2021: 20).

The total average weekly attendance for the last three months of 2022 was therefore 154 people, with 151 YouTube views (2021: 139 people with 101 online viewings).

Over Christmas, over 2,000 people attended the special services and events such as Carol services, Christingle services, the crib service, musical nativities and the Carpark carols. This is in addition to the usual service attendances.

Marks of membership

St Martin's Church continues to promote its "marks of membership":

Regular church attendance (in person or online).
Being part of a life group.
Being part of a team (such as welcoming, refreshments, audio-visual).
Giving regularly through one of our planned giving schemes.

Summary of the results for the year

Along with most other organisations, the end of 2022 saw unrealised losses in the church’s investments in response to the war in Ukraine, the cost of living crisis and the energy crisis. The resulting loss on the church's investments was -£42,555 (2021: a gain of £53,836). This gave rise to an overall loss for the year of -£16,266 (2021: a surplus of £39,425). This is made up of a surplus on the general fund of £33,313 (2021: a surplus of £6,688), a loss on restricted funds of -£20,416 (2021: a loss of -£2,099) and a loss of -£29,163 on the endowment fund (2021: a surplus of £34,836).

During the year we received a one-off donation of £35,000, split 50:50 between the halls fund and the mission fund. Even with this large one-off donation, our restricted funds made an operating deficit of -£8,378. This is because of the parish contribution to the Transforming Mission project, and the incurring of professional fees in advance of the halls renovation project, which we hope to start in 2023.

For the past number of years the general fund has had an underlying operating deficit, once large one-off transactions have been stripped out. However, this year the general fund produced a strong operating surplus. The main reason was a significant increase in both planned giving and other donations as a result of the growth in church members and our continued reference to giving as one of our marks of membership (see above). Whilst the number of community hall users continued to increase following the slump caused by COVID, the massive increases in heating costs from 1 October 2022 effectively cancelled out that growth, so that our halls running costs slightly exceeded our halls income.

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Liskeard Parochial Church Council Annual Report For the year ended 31 December 2022

Summary of results for the year (continued)

With no expenses on the endowment fund this always produces an operating surplus. We used almost all of the income generated by this fund to help with church maintenance and similar costs, but the unrealised loss in investments resulted in the overall fall in the value of the endowment fund.

Whilst our diocesan Mission & Ministry Fund call for 2022 was £67,170, we continued to pay £70,000 towards the fund, making a small additional contribution to the overall call for our deanery. We intend to continue at this level for 2023. Whether we can continue to pay more than our call beyond 2023 will depend on our ability to cover the increasing parish contributions towards the Transforming Mission project.

Looking forward to 2023

Our budget for 2023 is set out on pages 25 and 26, and shows an overall deficit of -£19,230. Within this deficit is the 2023 parish contribution to Transforming Mission of £40,000. This parish contribution will continue to increase year on year, as shown on page 7. The Mission Fund, which currently covers the parish contribution to Transforming Mission, will run out around the middle of 2025, unless we start to fund more of the parish contributions from the general fund.

After Easter we will sadly lose both our vicar and our curate, and we wish them well in their new posts. Thankfully, we have a strong staff team and many highly active volunteers. We also have a strategy in place of continued growth for the year, and an action plan for implementing that strategy. In the meantime we will be seeking and hopefully welcoming our next vicar during 2023.

Church halls complex

Our church hall complex is a wonderful asset for the church, providing space for many church and community activities. However, it is in desperate need of major repair work. The roof is the original 160 year old roof, with patches on patches, and damp is getting into the building in many places.

We have carried out a survey amongst key stakeholders and created a report outlining the changes to the church centre and the lower hall that our users are requesting. Our architects have used this report to produce a plan, and we have instructed quantity surveyors to create initial costings for the project. The costs for the plan will be in the region of £1.2m to £1.4m. A key aspect of the work we wish to undertake is to improve energy sustainability, introducing internal insulation and installing solar panels when the buildings are being reroofed.

Given these costs, the planned renovation is likely to take several years to complete. We will break the project down into phases, and proceed with the work as and when we can raise the funds for the next phase.

Phase 1: consultation and design, followed by obtaining formal costings, is now completed.
Phase 2: make the building watertight, which involves a full overhaul of the roof and guttering, reusing existing tiles wherever possible. Whilst we have the scaffolding in place we will install PV solar panels on the roof, and do the related works inside, such as adding insulation.
Phase 3: once the building is watertight, upgrade the cellars (youth club area), including the kitchen and toilet areas and adding internal insulation.

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Liskeard Parochial Church Council Annual Report For the year ended 31 December 2022

Church halls complex (continue)

Phase 4: make any necessary improvements to the rest of the building, including improving the toilets, creating a new commercial standard kitchen, and creating a mezzanine area with additional meeting rooms.
Phase 5: work on the car parking area and investigate the feasibility of extending it into the diocesan land behind the rectory. Sign the 25-year lease with the diocese once the feasibility is confirmed. At this stage we will also investigate the feasiability of renewing the heating systems, perhaps using ground or air source heat pumps.
Phase 6: upgrade the lower hall.

We will be seeking grant-funding for each phase of the work, and will need faculties in place for the church centre, as it is now a listed place of worship.

Safeguarding

The PCC has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to have regard to House of Bishops’ guidance on safeguarding children and vulnerable adults).

Reserves policy

Reserves are defined as that part of the PCC's income that is freely available. This excludes the PCC's restricted and endowment funds and income which can only be realised by selling fixed assets held for charity use.

General fund: The PCC does not intend to build up large reserves. To minimise the risk of being unable to meet all its financial obligations as they fall due, including full payment of the Mission & Ministry Fund (MMF), and be able to pay all salaries for the Transforming Mission team, the PCC is aiming to hold sufficient liquid general fund resources to meet 8 months’ running costs.

As at 31 December 2022, the general fund resources that are readily realisable represent 11.5 months’ routine general fund payments (2021: 9.2 months). However, the Transforming Mission (TM) fund now forms an integral part of our day to day operations, with as much operational expenditure going through that fund as goes through the general fund. When the general and TM funds are combined, the available reserves fall to 7.3 (2021: 4.6) months' expenditure.

Restricted funds: The PCC does not plan to hold significant restricted funds and the PCC will seek to use the restricted funds to support the general activities of the church, within the restrictions placed on those funds. Where special needs arise, the PCC will seek external grant funding and instigate fundraising activities and appeals to meet that need.

As part of our Transforming Mission project, the external funding decreases year on year and the PCC must contribute more and more to the costs. The PCC will use its restricted funds to help provide some longer term financial security during this period. In particular, as the church grows under the Transforming Mission project, the Mission Fund will be a vital resource to helping us with the transition from fully funded to financially self-sustainable.

The table on the next page shows the past and future split between external funding and parish funding for the project, based on the latest financial projections.

Page 6

Liskeard Parochial Church Council Annual Report For the year ended 31 December 2022

Reserves policy (continued)

Year 2019 2020 2021 2022 2023 2024 2025 2026 Total	Parish contributions based on the latest reforecast Church Commissioners / Truro Diocese funding Total project cost £0 £13,369 £13,369 £8,013 £89,141 £97,154 £18,988 £117,115 £136,103 £30,000 £107,239 £137,239 £40,000 £84,870 £124,870 £60,000 £86,848 £146,848 £85,000 £66,740 £151,740 £128,820 £24,679 £153,499
	£370,821 £590,000 £960,821

The fall in the project costs for 2023 are a result of staff changes at the end of 2022. At 31 December 2022 the Mission Fund had £140,389 in it. So, on the current forecast, the fund will be exhausted by mid 2025. However, we may choose to use more of our general fund resources in the next year or two to extend the life of the Mission Fund into 2026 or 2027 and smooth out the transition to financial sustainability.

Endowment fund: The PCC benefits from the Lanseaton endowment fund, which was created by the sale of property. As an endowment fund, we cannot spend the capital and the income from the fund can only be used for ‘ecclesiastical purposes’. In the past, the PCC has been able to use this to help finance major projects, such as the church reordering. Where such projects are foreseeable the PCC may designate the income from this fund to be used for those projects. Otherwise, the PCC will seek to use the income to support the general activities of the church, within the restrictions placed on the fund.

Parochial Church Council (PCC)

The PCC is the governing body of the church, and its members are the trustees of the charity. The PCC met seven times during the year. The day to day management of the church is undertaken by the clergy and staff team. The role of the PCC is to review, advise on and approve strategic issues, risk assessments, policies and procedures and the church's financial position.

During the year the PCC considered a range of topics, including:

Regular consideration of safeguarding; health & safety; finances; and mission activities & initiatives.
Approving the arrangements and lines of responsibility during the vicar's sabbatical.
- Working with the Bishop of Truro and the Diocesan Registrar to change the status of the Church Centre to a Place of Worship.
Reviewing and approving policies.
Receiving updates on Transforming Mission, staffing changes and the various activities in the church.
Reviewing the strategy documents relating to the next stage of the church's growth plan.
Approving the leasing of and routine management responsibilities for a recreational field known as Maudlin Field from Cornwall Council.

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Liskeard Parochial Church Council Annual Report For the year ended 31 December 2022

Structure, governance and management

Liskeard PCC is an unincorporated charity. The method of appointment of PCC members is set out in the Church Representation Rules 2020. All Church attendees are encouraged to register on the electoral roll and stand for election to the PCC. PCC members are encouraged to attend relevant training days offered by the Diocese of Truro.

Risk assessment

The PCC's main risk is the financial risk stemming from increasing parish contributions up to 2026 and the need to become financially self-supporting by 2027 as the grant funding for Transforming Mission comes to an end. The PCC is blessed by the existence of the Mission Fund, which helps mitigate this risk in the short-term.

The route to financial sustainability was always going to be challenging, but COVID has put the church's growth plans back by about two years. The future emergence of a new and aggressive variant of COVID would make that challenge even more difficult.

Our vicar will be leaving the church at the end of Easter, and our curate will have moved to his first parish post as vicar two weeks earlier. There is a risk that this could slow our growth, whilst we wait for our next vicar. We have a strategy in place to continue our growth, and we will work hard to ensure that the strategy continues to be implemented during the period of transition from one vicar to the next.

As the church increases its work with the local schools and communities and with other parishes across South East Cornwall, another significant risk is having insufficient volunteers to support the work. The aim of this work to help the church to grow, and so have more people available to help. A lack of volunteers may slow that work and growth down.

Having established what our church and community users of the church centre and lower hall are wanting from the halls renovation project, and having had those wishes put into costed plans, the scale of the funding required is now clear. The project will likely take several years, and whilst the estimated costs include the usual 10% contingency, they do not allow for inflation. It is possible that this project will simply become unaffordable.

To mitigate this risk we will look for cost reductions where possible, and only commit to the project one phase at a time, once we are clear that we have the necessary funding in place. What we need to avoid is diverting funding from the Transforming Mission project to the halls renovation project, and so jeopardising the church's longer-term financial sustainability.

Net Zero 2030

The Church of England passed a resolution at General Synod for the whole of the Church of England to aim to be net zero emissions by 2030. This is an ambitious target and relates to all aspects of the Church of England's activities.

As indicated in the public benefit part of this report, St Martin's Church signed up to the A Rocha Eco Church scheme and was awarded its bronze certificate in 2021. We have mapped out our route to the silver award and aim to achieve this is early in 2023.

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Liskeard Parochial Church Council Annual Report For the year ended 31 December 2022

Net Zero 2030 (continued)

St Martin's Church is the second largest parish church in the diocese, and before the energy crisis it was used regularly throughout the week, as is the church halls complex. Keeping these historic buildings warm and inviting is energy intensive, and whilst we are on 100% renewable electricity, the main source of heating remains gas. We will explore options for improving our energy efficiency and method of heating in the future, particularly as the market in this area develops.

The cost of gas and electricity increased significantly from 1 October 2022. If we had continued to use energy at the same level as the previous year, our costs would have increased from £10,000 per annum to about £34,000. Whilst energy prices remain high, we have moved as much activity as possible out of the church building into the halls complex, as the halls are cheaper to heat. We have now reduced the background heating in the church building, and are only heating the church for services and other key events. Even so, our energy costs are still significantly higher. We are grateful to the Diocese of Truro for their financial support to all the churches in the diocese, and specifically for their grant of £7,994 to St Martin's church to help us with our increased heating costs.

The graphs below show our energy usage and costs from 2019 to 2022. Of course, during 2020 and 2021 there were periods of lockdown where our buildings were shut, and energy use was minimal.

----- Start of picture text -----
Energy usage (kWh)
300,000
250,000
200,000
150,000
100,000
50,000
0
2019 2020 2021 2022
Church gas (kWh) Upper hall gas (kWh) Lower hall gas (kWh)
Halls electricity (kWh) Church electricity (kWh)
----- End of picture text -----

----- Start of picture text -----
Energy costs (£)
£16,000
£12,000
£8,000
£4,000
£0
2019 2020 2021 2022
Church gas (£) Upper hall gas (£) Lower hall gas (£)
Halls electricity (£) Church electricity (£)
----- End of picture text -----

Page 9

Liskeard Parochial Church Council Annual Report For the year ended 31 December 2022

Administrative information

Revd Steve Morgan is the vicar of the benefice of Liskeard & St Keyne. Initial contact with the PCC will normally be via Mrs Nikki Carter, the church's Operations Manager, in the church office.

The address and other contact details are:

Address St Martin's Church, St Martin's Church Centre, Church Street, Liskeard, PL14 3AQ Telephone 01579 347411 E-mail office@smartchurchliskeard.co.uk Web www.smartchurchliskeard.co.uk

The members of PCC who have served since the commencement of the financial year until the approval of the accounts are set out below, along with any other responsibilities they have:

Vicar Rev Steve Morgan Curate Rev Phil Aindow Reader, Deanery lay chair, & Mrs Sheri Sturgess PCC lay chair Church Wardens Mrs Kate Crawshaw Resigned 20 Mar 22 Mr John Vincent Miss Rachael Pryor Treasurer & Diocesan Synod Mr Mike Sturgess Deanery Synod Mrs Linda Dean Appointed 20 Mar 22 Mr John Kendrick-Crawshaw Resigned 20 Mar 22 Mrs Janet Martin Other PCC members Mr Darren Arulvasagam Appointed 20 Mar 22 Mr Mick Chandler Mrs Susan Hearne Mrs Margaret Mills Caroline Shepherd Appointed 20 Mar 22; resigned Caroline Margaret Tapsell 28 Jun 22 Christine Thompson Appointed 20 Mar 22

Mrs Nikki Carter is a member of deanery synod, but attends the PCC meetings in a non-voting capacity as Operations Manager and PCC Secretary.

Mike Sturgess is Chair of the Truro Diocesan Board of Finance Limited and sits on the board's governing body, the Bishop's Diocesan Council. The Truro Diocesan Board of Finance is the custodian trustee holding the church halls complex and the Lanseaton Endowment Fund on behalf of Liskeard PCC, which is the managing trustee.

The PCC's independent examiner of the financial statements is Andrew Farr of Dawe, Hawken & Dodd, Callington.

The PCC's bankers are: HSBC, Barras Street, Liskeard; HSBC, Fore Street, St Austell; and CAF Bank, Kings Hill, West Malling.

The PCC's investment managers are CCLA, Queen Victoria Street, London.

Mike Sturgess, Treasurer

6 March 2023

Page 10

Liskeard Parochial Church Council Some key facts and trends for the year ended 31 December 2022

Our general fund giving increased by £27,000 in 2022. The main component remains our planned giving schemes, especially PGS, the Church of England's Parish Giving Scheme. Although planned giving is the main component, giving by bank transfer, using the card reader in church, and giving online via ChurchSuite also make a significant contribution. We do not take a collection at our services, so we only receive a small amount of cash donations.

----- Start of picture text -----
£30,000
Planned giving
£25,000
£20,000
£15,000
£10,000
£5,000
£0
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2019 2019 2019 2019 2020 2020 2020 2020 2021 2021 2021 2021 2022 2022 2022 2022
PGS taxpayers PGS non-taxpayers Standing orders taxpayers
Standing orders non-taxpayers CAF Gift aid
----- End of picture text -----

Our second largest income source is the Transforming Mission grant from the Diocese of Truro and the Church Commissioners. The total grant allocated to the project is £590,000. By the end of 2022 we had received nearly £327,000, leaving 263,000 to come.

Turning to expenses, our largest costs are our MMF (Ministry & Mission Fund payable to the diocese towards our costs of ministry and shared central costs); and our parish contribution towards the costs of Transforming Mission.

At the moment we are paying more than our ministry costs for MMF, and will continue to do so in 2023, as part of helping our deanery reach financial sustainability. However, we are likely to need to reduce this as our parish contributions to TM increase. St Martin's church has always paid it's MMF call in full, and intends to continue to do so in the future.

The combined Transforming Mission parish contribution and MMF will likely reach almost £220,000 by 2027, before any other costs such as utilities, insurance and maintenance of our buildings.

Combined actual & projected TM parish contributions and MMF payments from 2019 to 2026

----- Start of picture text -----
£240,000
£210,000
£180,000
£150,000
£120,000
£90,000
£60,000
£30,000
£0
2019 2020 2021 2022 2023 2024 2025 2026 2027
TM Parish Contribution MMF payments
----- End of picture text -----

Page 11

Liskeard Parochial Church Council Statement of Financial Activities For the year ended 31 December 2022

Note
INCOMING RESOURCES
Income from donations and legacies
2a
Income from church activities
2b
Income from other trading activities
2c
Investment income
2d
Other income
2e
RESOURCES USED
Expenditure on raising funds
3a
Expenditure on church activities
3b
Other expenditure
3c
NET INCOMING / (OUTGOING) RESOURCES
BEFORE INVESTMENT GAINS
GAINS AND LOSSES ON INVESTMENTS
Investment gains / (losses)
- Realised gains / (losses)
- Unrealised gains / (losses)
TRANSFERS BETWEEN FUNDS
Transfer into funds
14
Transfer out of funds
14
NET MOVEMENT IN FUNDS
Opening balances
BALANCES C/FWD AT 31 December 2022
For the year ended 31 December 2022

____ 2021 ________
Unrestricted
Restricted
Endowment
Total
Unrestricted
Restricted
Endowment
Total
Funds
Funds
Funds
Funds
Funds
Funds
£
£
£
£
£
£
£
£
142,426
174,520
0
316,946
115,430
174,191
0
289,621
24,368
0
0
24,368
14,122
0
0
14,122
5,676
0
0
5,676
3,509
0
0
3,509
4,397
766
8,137
13,300
2,676
26
7,833
10,535
28
500
0
528
4,205
9,564
0
13,769
£176,895
£175,786
£8,137
£360,818
£139,942
£183,781
£7,833
£331,556
1,960
115
0
2,075
1,910
25
0
1,935
145,723
173,004
0
318,727
137,907
193,617
0
331,524
2,682
11,045
0
13,727
2,396
10,112
0
12,508
£150,365
£184,164
£0
£334,529
£142,213
£203,754
£0
£345,967
26,530
(8,378)
8,137
26,289
(2,271)
(19,973)
7,833
(14,411)
0
0
0
0
0
0
0
0
(112)
(10,472)
(31,971)
(42,555)
204
19,031
34,601
53,836
26,418
(18,850)
(23,834)
(16,266)
(2,067)
(942)
42,434
39,425
6,895
30,000
0
36,895
9,794
20,027
0
29,821
0
(31,566)
(5,329)
(36,895)
(1,039)
(21,184)
(7,598)
(29,821)
£33,313
(£20,416)
(£29,163)
(£16,266)
£6,688
(£2,099)
£34,836
£39,425
117,159
355,684
304,821
777,664
110,471
357,783
269,985
738,239
£150,472
£335,268
£275,658
£761,398
£117,159
£355,684
£304,821
£777,664
___ 2022 ___

Page 12

Liskeard Parochial Church Council Balance Sheet

For the year ended 31 December 2022 Notes FIXED ASSETS Tangible Fixed Assets 6 Investments 7 CURRENT ASSETS Debtors 8 Cash at bank and in hand 9 LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR 10 NET CURRENT ASSETS LIABILITIES: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR NET ASSETS FUNDS Opening balances Surplus / (deficit) Transfers 14 Realised and unrealised gains/(losses) TOTAL FUNDS AT 31 December 2022 11 _ These financial statements were approved by the PCC on 6 March 2023 and signed on its behalf by:	Unrestricted Restricted Endowment Funds Funds Funds £ £ £ 5,967 130,152 0 3,993 133,895 272,615 9,960 264,047 272,615 16,444 11,407 0 129,283 66,018 3,043 145,727 77,425 3,043 5,215 6,205 0 140,512 71,220 3,043 0 0 0 £150,472 £335,267 £275,658 117,159 355,684 304,821 26,530 (8,378) 8,137 6,895 (1,566) (5,329) (112) (10,472) (31,971) £150,472 £335,268 £275,658 __ 2022 ____	Total Unrestricted Restricted Endowment Total 2022 Funds Funds Funds 2021 £ £ £ £ £ 136,119 7,664 154,756 0 162,420 410,503 4,105 144,367 304,587 453,059 546,622 11,769 299,123 304,587 615,479 27,851 18,966 64 0 19,030 198,344 90,200 59,040 234 149,474 226,195 109,166 59,104 234 168,504 11,420 3,776 2,543 0 6,319 214,775 105,390 56,561 234 162,185 0 0 0 0 0 £761,397 £117,159 £355,684 £304,821 £777,664 777,664 110,471 357,783 269,985 738,239 26,289 (2,271) (19,973) 7,833 (14,411) 0 8,755 (1,157) (7,598) 0 (42,555) 204 19,031 34,601 53,836 £761,398 £117,159 £355,684 £304,821 £777,664 Mike Sturgess Steve Morgan Treasurer Rector ____ 2021 ________ _____

Page 13

Liskeard Parochial Church Council Notes to the accounts For the year ended 31 December 2022

1 ACCOUNTING POLICIES

The PCC is a public benefit entity within the meaning of FRS102. The financial statements have been prepared:

under the Charities Act 2011: and
in accordance with the Church Accounting Regulations governing the individual accounts of PCCs, and with the Regulations’ “true and fair view” provisions;
together with FRS102 as the applicable accounting standards; and
- the 2019 version of the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP(FRS102)).

The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at fair value.

Funds

General funds (or unrestricted 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.

Restricted funds are those that must be spent on restricted purposes. Endowment funds only allow the income generated by the capital to be expended, and then only on the restricted purpose of the fund. Details of the various funds held by the PCC are provided in note 11.

The accounts 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.

Incoming Resources

Income and endowments are included in the Statement of Financial Activities (SOFA) when:

1 the PCC becomes legally entitled to the use of the resources; and
2 inflow of economic benefit is probable; and 3 the monetary value can be measured with sufficient reliability.

In practice, this means that:

Collections are recognised when received by or on behalf of the PCC.
Planned giving receivable under gift aid is recognised only when received.
Tax recoverable on gift aid donations and under the Gift Aid Small Donations Scheme is recognised when the related income is recognised.
Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the PCC is reasonably certain.
Funds raised by fundraising events are accounted for gross.
Sales of books, cards and magazines are accounted for gross.
- Monies received from external users of the church and church halls are recognised in the same period as the related usage.
Investment income is accounted for when receivable.
Investment gains or losses are recognised when investments are sold and on revaluation of investments at 31 December.

Resources Used

Grants awarded by the PCC and donations made are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC.

Page 14

Liskeard Parochial Church Council Notes to the accounts For the year ended 31 December 2022

1 ACCOUNTING POLICIES (CONTINUED)

Resources Used (continued)

The diocesan Mission & Ministry Fund (MMF) is accounted for when payable. Any MMF unpaid at 31 December is provided for in the financial statements as an operational (though not legal) liability and is shown as a creditor.

Fixed Assets

Consecrated land and buildings and moveable church furnishings

St Martin’s Church in Liskeard, as consecrated and beneficed property, is excluded from the accounts by section 10(2)(a) and (c) 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 maintenance or improvements of movable church furnishings is written off as expenditure in the SOFA and separately disclosed. As a result, the costs of any major works are written off during the year incurred.

Church halls complex

The church hall complex is depreciated at 2% per annum straight-line based on an estimated 50 year-life. The PCC has taken advantage of the transitioning provisions of the Charities SORP (FRS 102) 2015 to “freeze” the cost as shown in the financial statements at 1 January 2015, as a substitute for the historic cost of the church halls complex.

Solar panels

The solar panels on the church roof are depreciated on a straight-line basis over 20 years, which is their expected operational life.

Reordering furniture and equipment

All assets are depreciated on a straight-line basis. The chairs and tables for the church that were bought during the reordering are depreciated over 10 years; the audio-visual and CCTV equipment are depreciated over 5 years, and the computers over 3 years.

Other fixtures, fittings and office equipment

Equipment used within the church premises is depreciated on a straight-line basis over 4 years. Computer equipment is depreciated on a straight-line basis over 3 years. Individual items of equipment with a purchase price of £100 or less are written off when the asset is acquired unless part of a larger system acquired at the same time.

Investments

Investments are valued at market value at 31 December each year.

Current Assets

Amounts owing to the PCC at 31 December in respect of fees, use of the church or church halls or other income are shown as debtors less provision for amounts that may prove not to be collectable.
Cash at bank and in hand includes cash held on deposit either with the CBF Church of England Funds or at HSBC or CAF bank accounts. It also includes the various petty cash floats held, including cash or food vouchers held for the poverty fund.

Liabilities

Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.

Page 15

Liskeard Parochial Church Council

Notes to the accounts

Unrestricted Restricted Endowment Funds Funds Funds £ £ £ ___ 2022 _____	Total Unrestricted Restricted Endowment Funds Funds Funds £ £ £ £ ____ __ 2021 _	Total Unrestricted Restricted Endowment Funds Funds Funds £ £ £ £ ____ __ 2021 _	Total £ ___
56,813 841 0 19,223 335 0 28,843 2,180 0 3,825 0 0 10,208 135,601 0 18,565 35,563 0 2,949 0 0 2,000 0 0	57,654 19,558 31,023 3,825 145,809 54,128 2,949 2,000	38,722 2,980 0 20,482 574 0 28,938 2,070 0 1,239 0 0 6,513 133,133 0 10,182 34,879 0 1,683 555 0 7,671 0 0	41,702 21,056 31,008 1,239 139,646 45,061 2,238 7,671
142,426 174,520 0	316,946	115,430 174,191 0	289,621
17,315 0 0 1,050 0 0 6,003 0 0	17,315 1,050 6,003	7,464 0 0 91 0 0 6,567 0 0	7,464 91 6,567
24,368 0 0	24,368	14,122 0 0	14,122
0 0 0 5,676 0 0	0 5,676	158 0 0 3,351 0 0	158 3,351
5,676 0 0	5,676	3,509 0 0	3,509
42 0 8,097 1,250 766 40 2,455 0 0 650 0 0	8,139 2,056 2,455 650	17 0 7,832 35 26 1 2,624 0 0 0 0 0	7,849 62 2,624 0
4,397 766 8,137	13,300	2,676 26 7,833	10,535
28 500 0	528	4,205 9,564 0	13,769
28 500 0	528	4,205 9,564 0	13,769

176,895 175,786 8,137	360,818	139,942 183,781 7,833	331,556

150,365 184,164 0	334,529	142,213 203,754 0	345,967

£26,530 (£8,378) £8,137	£26,289	(£2,271) (£19,973) £7,833	(£14,411)

Page 16

Liskeard Parochial Church Council

Notes to the accounts

For the year ended 31 December 2022

Unrestricted Restricted Endowment Funds Funds Funds £ £ £ ___ 2022 _____	Total Unrestricted Restricted Endowment Funds Funds Funds £ £ £ £ ____ __ 2021 _	Total Unrestricted Restricted Endowment Funds Funds Funds £ £ £ £ ____ __ 2021 _	Total £ ___
1,598 0 0 362 115 0	1,598 477	1,004 0 0 906 25 0	1,004 931
1,960 115 0	2,075	1,910 25 0	1,935
766 0 0 305 0 0 6,191 4,392 0 310 0 0	766 305 10,583 310	4,096 0 0 29 0 0 1,588 9,493 0 231 0 0	4,096 29 11,081 231
7,572 4,392 0 69,996 0 0 4,402 0 0 0 92,751 0 2,358 0 0 17,004 0 0 5,652 500 0 438 0 0 726 0 0 555 1,800 0 1,129 6,038 0 18,017 0 0 0 0 0 15,409 39,577 0 2,465 23,646 0 0 1,500 0 0 2,800 0	11,964 69,996 4,402 92,751 2,358 17,004 6,152 438 726 2,355 7,167 18,017 0	5,944 9,493 0 70,000 0 0 5,637 0 0 0 70,693 0 2,228 0 0 14,666 0 0 7,646 486 0 1,882 0 0 887 0 0 50 0 0 118 2,935 0 16,651 0 0 0 24,601 0 9,364 57,259 0 2,834 23,850 0 0 1,500 0 0 2,800 0	15,437 70,000 5,637 70,693 2,228 14,666 8,132 1,882 887 50 3,053 16,651 24,601
	54,986		66,623
	26,111 1,500 2,800		26,684 1,500 2,800
145,723 173,004 0	318,727	137,907 193,617 0	331,524
996 5,886 0 0 0 0 430 60 0 1,256 5,099 0	6,882 0 490 6,355	948 0 0 271 0 0 146 0 0 1,031 10,112 0	948 271 146 11,143
2,682 11,045 0	13,727	2,396 10,112 0	12,508

150,365 184,164 0	334,529	142,213 203,754 0	345,967

Page 17

Liskeard Parochial Church Council Notes to the accounts For the year ended 31 December 2022

4 MISSIONARY GIVING

The summary below sets out the financial aspect of the mission giving for the year. The sums relate to monies given to, or goods bought for individuals and external organisations. Most of our mission expenditure relates to internal costs incurred during mission activities and is funded from a mixture of grants received from third parties and donations. See the annual report for a summary of the various activities undertaken during 2022.

Organisation / activity Crisis funding for those in need Foodbank Help for those in need through ACTS 435 Supporting missionary church family Royal British Legion Red Cross Ukraine Appeal Simeon's Trustees Liskeard Churches Together Children's Society Cornwall Historic Churches Trust Liskeard & Looe CAP Centre Tear Fund 5 EMPLOYMENT COSTS Wages and salaries Gross salaries Tax and social security costs Employer's NI Pension costs Employer's contributions	2022 2021 £ £ 2,464 2,828 1,869 431 1,843 10,112 1,566 2,266 443 231 275 - 175 - 50 - 37 52 25 25 - 1,000 - 50
	£8,747 £16,995
	2022 2021 £ £ 122,883 122,769 9,921 8,557 5,987 5,624
	£138,791 £136,950

The PCC employed the following people during the year:

TM (Transforming Mission):

Nikki Carter as Operations Manager;
Niall Dunne as Worship Leader;
Grace Kanungha as Pioneer Leader, heading up the families, youth and children's work; and
Liam Hathway, as youth worker;

CAP (Christians Against Poverty)

Hannah Dunne, as CAP Centre Manager.

Office / hall complex

Melissa Purchall as the Parish Administrator; and
Linda Chandler as the Church Hall Cleaner.

Together, these employees equate to 5.1 full-time equivalent employees. Grace stepped down as Pioneer Leader during the year to embark on ordination training, and was replaced by Jo Atack as Families' Leader. Liam Hathway and Melissa Purchall both left at the end of the year.

Page 18

Liskeard Parochial Church Council Notes to the accounts

For the year ended 31 December 2022

6 TANGIBLE FIXED ASSETS FOR USE BY THE PCC

Gross book value At 31 January 2022 Additions Written off At 31 December 2022 Depreciation / Impairment At 31 January 2022 Charge for the year Written off At 31 December 2022 Net book value At 31 January 2022 At 31 December 2022	Freehold land and buildings General Fund: Equipment Solar panels Reordering equipment Transforming Mission CAP & ABC Total £ £ £ £ £ £ £ 408,308 33,546 30,460 88,585 40,307 1,776 602,982 768 3,344 4,112 0
	408,308 34,314 30,460 88,585 43,651 1,776 607,094
	324,308 25,882 15,000 57,490 16197 1,687 440,564 2,800 2,465 1,500 14,272 9,285 89 30,411 0
	327,108 28,347 16,500 71,762 25,482 1,776 470,975

	£84,000 £7,664 £15,460 £31,095 £24,110 £89 £162,418

	£81,200 £5,967 £13,960 £16,823 £18,169 £0 £136,119

The freehold land and buildings comprise the Church Centre and Lower Church Hall at Church Street. The Church halls complex continue to be depreciated in line with the PCC's accounting policy.

The CAP and ABC equipment was fully written off during the year.

Unrealised 7 INVESTMENTS 2021 loss at 31 2022 Dec 22 £ £ £ Fund name Nature of fund General fund Unrestricted 4,105 (112) 3,993 Lanseaton Endowment 304,587 (31,972) 272,615 Mission fund Restricted 137,905 (10,003) 127,902 Bells fund Restricted 6,462 (469) 5,993 £453,059 (£42,556) £410,503

Page 19

Liskeard Parochial Church Council

Notes to the accounts

For the year ended 31 December 2022

8 DEBTORS Income tax recoverable Prepayments Other debtors	£ £ £ Unrestricted Transforming Mission Other restricted funds Total 1,772 - 80 1,852 8,041 - - 8,041 6,631 11,327 - 17,958 £16,444 £11,327 £80 £27,851 <------------------------------2022------------------------------->	£ £ £ Unrestricted CAP fund Total 1,231 64 £1,295 7,146 - £7,146 10,589 - £10,589 <---------------------2021--------------------->
		£18,966 £64 £19,030

Unrestricted other debtors includes parochial fees due to the PCC for the quarter to December, some income due for December hall bookings and unrestricted legacies due to the PCC.The TM other debtors figure represents the December grant claim. Other restricted funds income tax recoverable represents £44 relating to the CAP fund and £36 relating to ABC.

9 CASH AND BANK

Balance at 31 December 2022 Balance at 31 December 2021	Unrestricted Mission fund CAP Church Hall fund Poverty fund Other restricted funds Lanseaton Endowment Fund Total £129,283 £12,488 £29,922 £11,739 £4,699 £7,170 £3,043 £198,344
	£90,200 £26,360 £24,407 £0 £620 £7,653 £234 £149,474

Other restricted funds includes ABC: £1,198 (2021: £695); Bells fund: -£262 (2021: -£342); Choir fund: £1,125 (2021: £1,010); Organ fund: £2,654 (2021: £3,119); Organ scholarship fund: £753 (2021: £1,299); and Transforming Mission: £1,702 (2021: £1,872)

10 LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR

Creditors	£ £ £ £ £ £ £ £ Unrestricted Poverty fund CAP Transforming Mission Total Unrestricted Restricted funds Total 5,215 2,860 0 3,345 11,420 3,776 2,543 6,319 <-------------------------------------2022--------------------------------------> <-------------------2021-------------------->
	£5,215 £2,860 £0 £3,345 £11,420 £3,776 £2,543 £6,319

Restricted funds for 2021 comprise: £2,303 for Transforming Mission; £150 for CAP; and £90 for the Poverty fund.

Page 20

Liskeard Parochial Church Council Notes to the accounts For the year ended 31 December 2022

11 FUND DETAILS

Unrestricted funds

This represents funds at the disposal of the PCC, which may use them in any way that it sees fit, within the church's charitable objectives.

Restricted funds

Restricted funds represent monies given for a specific purpose, and may only be used for that purpose. These funds are not available to the PCC for use towards the general running of the church. The various restricted funds are:

Name of fund	Main purpose of fund	Main sources of income
ABC fund	Support of the adults, babies & children group	Subscriptions and fundraising
Bells fund	Restoration and maintenance of the bells	Donations, grants and fees
CAP (Christians Against Poverty)	Fund the Liskeard & Looe CAP debt centre that is based in St Martin's church	Donations, and grants
Choir fund	Purchase of music and robes for the choir	Subscriptions by the choir
Church hall fund	This fund comprises the church halls complex and the income and expenditure relating to the planned major reorderingof the complex	Donations, grants and fundraising
Church reordering	This fund financed the 2018 / 2019 reordering of St Martin's Church. The fund now represents fixed assets bought as part of the reordering, which are being depreciated.	Donations, grants and fundraising
Mission fund	Finance mission activities by St Martin's Church.	Donations and associated gift aid
Organ fund	Finance the complete refurbishment of St Martin's Lewis pipe organ and subsequent maintenance.	Single donation
Organ scholarship fund	Finance lessons for scholars on playing the Lewis pipe organ	Single donation
Poverty fund	To provide emergency support to those in extreme need	Grants
Solar panels fund	Installation of solar panels on St Martin's Church. The fund now represents the capital value of the panels, which are being depreciated.	Donations and fundraising
Transforming Mission	Financing of the Transforming Mission (TM) Project at St Martin's Church. The fund includes fixed assets bought as part of the project, which are being depreciated.	Grant from the Diocese of Truro & the Church Commissioners, plus ongoing support from the Mission fund

The Mission Fund may only be used for mission activities as defined by the "Five Marks of Mission" set out by the Archbishops of the Anglican Communion. It is primarily used for the parish contributions to Transforming Mission.

Endowment funds

Endowment funds represent funds where the capital invested may not be used; only the income generated from that capital. The fund arose from the sale of the farm and land at Lanseaton and Lanchard. The income from this fund may only be used for ecclesiastical purposes. The capital in this fund is required to be vested in the Diocesan Board of Finance as custodian trustee, but the PCC receives and controls the way that the income is spent, provided always that it is restricted to ecclesiastical purposes. The Lanseaton fund is a permanent endowment fund. It can never be converted to income available to the PCC.

Fund balances

Details of the various fund movements and balances are given in note 12.

Page 21

Liskeard Parochial Church Council Notes to the accounts For the year ended 31 December 2022

12 DETAILS OF FUNDS

DETAILS OF FUNDS
INCOMING RESOURCES Income from donations and legacies Income from church activities Income from other trading activities Investment income Other income RESOURCES USED Expenditure on raising funds Expenditure on church activities Other expenditure NET INCOMING / (OUTGOING) RESOURCES BEFORE INVESTMENT GAINS GAINS AND LOSSES ON INVESTMENTS Impairment of fixed assets Investment gains / (losses) - Realised gains / (losses) - Unrealised gains / (losses) NET MOVEMENT IN FUNDS TRANSFERS BETWEEN FUNDS Transfer into funds Transfer out of funds NET MOVEMENT IN FUNDS Opening balances BALANCES C/FWD AT 31 December 2022	TOTAL General Lanseaton Mission fund Transforming Mission CAP Church reordering Church Hall fund Solar panels ABC Bells fund Choir fund Organ fund Organ scholarship Poverty fund Unrestricted Endowment Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted £ £ £ £ £ £ £ £ £ £ £ £ £ £ 316,946 142,426 0 17,500 115,919 18,958 0 17,500 0 563 80 0 0 0 4,000 24,368 24,368 0 0 0 0 0 0 0 0 0 0 0 0 0 5,676 5,676 0 0 0 0 0 0 0 0 0 0 0 0 0 13,300 4,397 8,137 194 31 308 0 125 0 13 0 15 35 11 34 528 28 0 0 400 0 0 0 0 0 0 100 0 0 0
	360,818 176,895 8,137 17,694 116,350 19,266 0 17,625 0 576 80 115 35 11 4,034
	2,075 1,960 0 0 115 0 0 0 0 0 0 0 0 0 0 318,727 145,723 0 0 141,751 9,336 14,272 2,800 1,500 120 0 0 500 0 2,725 13,727 2,682 0 0 309 4,293 0 5,886 0 0 0 0 0 557 0
	334,529 150,365 0 0 142,175 13,629 14,272 8,686 1,500 120 0 0 500 557 2,725
	26,289 26,530 8,137 17,694 -25,825 5,637 -14,272 8,939 -1,500 456 80 115 -465 -546 1,309 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 -42,555 -112 -31,971 -10,003 0 0 0 0 0 0 -469 0 0 0 0
	-16,266 26,418 -23,834 7,691 -25,825 5,637 -14,272 8,939 -1,500 456 -389 115 -465 -546 1,309 36,895 6,895 0 0 30,000 0 0 0 0 0 0 0 0 0 0 -36,895 0 -5,329 -31,566 0 0 0 0 0 0 0 0 0 0 0
	-16,266 33,313 -29,163 -23,875 4,175 5,637 -14,272 8,939 -1,500 456 -389 115 -465 -546 1,309 777,660 117,159 304,821 164,264 23,677 24,320 31,097 84,000 15,460 784 6,120 1,010 3,120 1,299 529
	761,394 150,472 275,658 140,389 27,852 29,957 16,825 92,939 13,960 1,240 5,731 1,125 2,655 753 1,838

<============================================ Restricted funds total: £335,264 ====================================================>

Page 22

Liskeard Parochial Church Council Notes to the accounts For the year ended 31 December 2022

13 ANALYSIS OF GRANTS RECEIVED

Main funder Details Transforming Mission Energy grant to help with heating costs CAP funding Surviving Winter funding Crisis fund Refund of Good Book & Grub Club grant Benefice contributions Dobwalls contribution towards MMF Local churches Other grants Elmgrant Trust Grant towards Transforming Lives for Good and Kids Matter work ACTS 435 Specific grants for individuals in need Listed Places of Worship Scheme VAT refund on church maintenance Liskeard Town Council Carpark carols grant Funding towards CAP centre Funding towards helping people in need Cornwall Council Warm Spaces grant HMRC Job Retention Scheme Grand total Funding towards CAP Centre Cornwall Community fund Diocese of Truro United Charities of Liskeard	Amount of grants 2021 £114,309 £116,450 £7,994 £12,480 £2,250 £3,000 £1,000 £500 -£974 £2,023 £3,296 £2,022 £4,930 £1,000 £1,110 £980 £865 £490 £500 £500 £200 £200 £100 £9,141
	£145,809 £138,557

Main funder
Details
Transforming Mission
Energy grant to help with heating costs
CAP funding
Surviving Winter funding
Crisis fund
Refund of Good Book & Grub Club grant
Benefice contributions
Dobwalls contribution towards MMF
Local churches
Other grants
Elmgrant Trust
Grant towards Transforming Lives for Good
and Kids Matter work
ACTS 435
Specific grants for individuals in need
Listed Places of Worship
Scheme
VAT refund on church maintenance
Liskeard Town Council
Carpark carols grant
Funding towards CAP centre
Funding towards helping people in need
Cornwall Council
Warm Spaces grant
HMRC
Job Retention Scheme
Grand total
Funding towards CAP
Centre
Cornwall Community
fund
Diocese of Truro
United Charities of Liskeard

Amount of
grants
2021
£114,309
£116,450
£7,994
£12,480
£2,250
£3,000
£1,000
£500
-£974
£2,023
£3,296
£2,022
£4,930
£1,000
£1,110
£980
£865
£490
£500
£500
£200
£200
£100
£9,141

£145,809
£138,557

The PCC was also awarded £2,860 from National Grid to help with our warm spaces project. However, we are not sure that we can meet the terms of the award and so may need to return the grant. The grant is included in creditors.

14 TRANSFERS BETWEEN FUNDS

Transfer from Mission fund into General Fund re support of Church members on overseas mission work The 2022 transfers between the various funds, with their reasons, were: Transfer from Mission fund into Transforming Mission re parish contibution towards the costs of Transforming Mission Transfer from Lanseaton into General Fund re church maintenance	£ £30,000 £5,329 £1,566
	£36,895

15 FUTURE EXPENDITURE

There was no contracted project or transaction at the end of the year.

Page 23

Liskeard Parochial Church Council Notes to the accounts

For the year ended 31 December 2022

16 TRANSACTIONS WITH MEMBERS OF THE PCC DURING THE YEAR

The following note discloses the transactions throughout the year relating to individuals who were members of the PCC at any time during the year. PCC members often buy things on behalf of the PCC and reclaim the costs later. The note includes payments made to family members as well as the PCC members themselves.

In December 2021 a new CAF bank account was opened and debit cards obtained. Whilst this has almost halved the need for transactions with PCC members there were still situations where PCC members incurred costs on behalf of the PCC.

PCC Member	Description of transactions	Amount
Steve Morgan	Clergy expenses and reimbursement of PCC costs incurred.	£3,643
Mike Sturgess	Reimbursement of PCC costs incurred	£2,891
Mick Chandler	Salary (of Linda Chandler) and fees for acting as verger at weddings, funerals and other events	£2,720
Phil Aindow	Clergy expenses and reimbursement of PCC costs incurred	£1,381
Rachael Pryor	Reimbursement of PCC costs incurred	£176
Darren Arulvasagam	Reimbursement of PCC costs incurred	£101
		£10,912

Page 24

Liskeard Parochial Church Council

Budget for the year ended 31 December 2023

TOTAL General Lanseaton Mission fund Transforming Mission CAP Church reordering Church Hall fund Solar panels ABC Bells fund Choir fund Organ scholarship Organ fund Poverty fund Unrestricted Endowment Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted £ £ £ £ £ £ £ £ £ £ £ £ £ £ £	TOTAL General Lanseaton Mission fund Transforming Mission CAP Church reordering Church Hall fund Solar panels ABC Bells fund Choir fund Organ scholarship Organ fund Poverty fund Unrestricted Endowment Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted £ £ £ £ £ £ £ £ £ £ £ £ £ £ £	TOTAL General Lanseaton Mission fund Transforming Mission CAP Church reordering Church Hall fund Solar panels ABC Bells fund Choir fund Organ scholarship Organ fund Poverty fund Unrestricted Endowment Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted £ £ £ £ £ £ £ £ £ £ £ £ £ £ £	TOTAL General Lanseaton Mission fund Transforming Mission CAP Church reordering Church Hall fund Solar panels ABC Bells fund Choir fund Organ scholarship Organ fund Poverty fund Unrestricted Endowment Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted £ £ £ £ £ £ £ £ £ £ £ £ £ £ £	TOTAL General Lanseaton Mission fund Transforming Mission CAP Church reordering Church Hall fund Solar panels ABC Bells fund Choir fund Organ scholarship Organ fund Poverty fund Unrestricted Endowment Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted £ £ £ £ £ £ £ £ £ £ £ £ £ £ £	TOTAL General Lanseaton Mission fund Transforming Mission CAP Church reordering Church Hall fund Solar panels ABC Bells fund Choir fund Organ scholarship Organ fund Poverty fund Unrestricted Endowment Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted £ £ £ £ £ £ £ £ £ £ £ £ £ £ £	TOTAL General Lanseaton Mission fund Transforming Mission CAP Church reordering Church Hall fund Solar panels ABC Bells fund Choir fund Organ scholarship Organ fund Poverty fund Unrestricted Endowment Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted £ £ £ £ £ £ £ £ £ £ £ £ £ £ £	TOTAL General Lanseaton Mission fund Transforming Mission CAP Church reordering Church Hall fund Solar panels ABC Bells fund Choir fund Organ scholarship Organ fund Poverty fund Unrestricted Endowment Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted £ £ £ £ £ £ £ £ £ £ £ £ £ £ £	TOTAL General Lanseaton Mission fund Transforming Mission CAP Church reordering Church Hall fund Solar panels ABC Bells fund Choir fund Organ scholarship Organ fund Poverty fund Unrestricted Endowment Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted £ £ £ £ £ £ £ £ £ £ £ £ £ £ £	TOTAL General Lanseaton Mission fund Transforming Mission CAP Church reordering Church Hall fund Solar panels ABC Bells fund Choir fund Organ scholarship Organ fund Poverty fund Unrestricted Endowment Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted £ £ £ £ £ £ £ £ £ £ £ £ £ £ £
75,900	75,000				900
21,220	21,000				220
35,100	33,000				2,100
5,000	5,000
120,370	4,000			84,870	28,500				3,000
20,600	20,000					600
3,000	2,000				1,000
2,000	2,000
283,190 162,000 0 0 84,870 32,720 0 0 0 600 0 0 0 0 3,000

20,000	20,000
1,000	1,000
6,000	6,000
27,000 27,000 0 0 0 0 0 0 0 0 0 0 0 0 0

0
5,000	5,000
5,000 5,000 0 0 0 0 0 0 0 0 0 0 0 0 0

8,250	50	8,200
2,200	1,500	50	250	50	300	10	10	30
2,500	2,500
0
12,950 4,050 8,250 250 50 300 0 0 0 10 0 10 0 30 0

0
200	200
200 200 0 0 0 0 0 0 0 0 0 0 0 0 0
328,340 198,250 8,250 250 84,920 33,020 0 0 0 610 0 10 0 30 3,000 347,570 166,250 0 0 132,520 23,800 3,400 10,800 1,500 300 5,000 0 500 500 3,000
-19,230 32,000 8,250 250 -47,600 9,220 -3,400 -10,800 -1,500 310 -5,000 10 -500 -470 0
48,000	8,000			40,000
-48,000		-8,000	-40,000
-19,230 40,000 250 -39,750 -7,600 9,220 -3,400 -10,800 -1,500 310 -5,000 10 -500 -470 0 761,394 150,472 275,658 140,389 27,852 29,957 16,825 92,939 13,960 1,240 5,731 1,125 753 2,655 1,838
742,164 190,472 275,908 100,639 20,252 39,177 13,425 82,139 12,460 1,550 731 1,135 253 2,185 1,838

<====================================== Restricted funds total: £275,784 ==============================================>

Page 25

Liskeard Parochial Church Council Budget for the year ended 31 December 2023

TOTAL General Lanseaton Mission fund Transforming Mission CAP Church reordering Church Hall fund Solar panels ABC Bells fund Choir fund Organ scholarshi p Organ fund Poverty fund Unrestricted Endowment Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted £ £ £ £ £ £ £ £ £ £ £ £ £ £	TOTAL General Lanseaton Mission fund Transforming Mission CAP Church reordering Church Hall fund Solar panels ABC Bells fund Choir fund Organ scholarshi p Organ fund Poverty fund Unrestricted Endowment Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted £ £ £ £ £ £ £ £ £ £ £ £ £ £	TOTAL General Lanseaton Mission fund Transforming Mission CAP Church reordering Church Hall fund Solar panels ABC Bells fund Choir fund Organ scholarshi p Organ fund Poverty fund Unrestricted Endowment Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted £ £ £ £ £ £ £ £ £ £ £ £ £ £	TOTAL General Lanseaton Mission fund Transforming Mission CAP Church reordering Church Hall fund Solar panels ABC Bells fund Choir fund Organ scholarshi p Organ fund Poverty fund Unrestricted Endowment Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted £ £ £ £ £ £ £ £ £ £ £ £ £ £	TOTAL General Lanseaton Mission fund Transforming Mission CAP Church reordering Church Hall fund Solar panels ABC Bells fund Choir fund Organ scholarshi p Organ fund Poverty fund Unrestricted Endowment Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted £ £ £ £ £ £ £ £ £ £ £ £ £ £	TOTAL General Lanseaton Mission fund Transforming Mission CAP Church reordering Church Hall fund Solar panels ABC Bells fund Choir fund Organ scholarshi p Organ fund Poverty fund Unrestricted Endowment Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted £ £ £ £ £ £ £ £ £ £ £ £ £ £	TOTAL General Lanseaton Mission fund Transforming Mission CAP Church reordering Church Hall fund Solar panels ABC Bells fund Choir fund Organ scholarshi p Organ fund Poverty fund Unrestricted Endowment Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted £ £ £ £ £ £ £ £ £ £ £ £ £ £	TOTAL General Lanseaton Mission fund Transforming Mission CAP Church reordering Church Hall fund Solar panels ABC Bells fund Choir fund Organ scholarshi p Organ fund Poverty fund Unrestricted Endowment Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted £ £ £ £ £ £ £ £ £ £ £ £ £ £	TOTAL General Lanseaton Mission fund Transforming Mission CAP Church reordering Church Hall fund Solar panels ABC Bells fund Choir fund Organ scholarshi p Organ fund Poverty fund Unrestricted Endowment Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted £ £ £ £ £ £ £ £ £ £ £ £ £ £	TOTAL General Lanseaton Mission fund Transforming Mission CAP Church reordering Church Hall fund Solar panels ABC Bells fund Choir fund Organ scholarshi p Organ fund Poverty fund Unrestricted Endowment Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted £ £ £ £ £ £ £ £ £ £ £ £ £ £	TOTAL General Lanseaton Mission fund Transforming Mission CAP Church reordering Church Hall fund Solar panels ABC Bells fund Choir fund Organ scholarshi p Organ fund Poverty fund Unrestricted Endowment Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted £ £ £ £ £ £ £ £ £ £ £ £ £ £	TOTAL General Lanseaton Mission fund Transforming Mission CAP Church reordering Church Hall fund Solar panels ABC Bells fund Choir fund Organ scholarshi p Organ fund Poverty fund Unrestricted Endowment Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted £ £ £ £ £ £ £ £ £ £ £ £ £ £
1,600	1,600
0
600	400	200
2,200 2,000 0 0 200 0 0 0 0 0 0 0 0 0 0

700	700
100	100
7,800	4,800										3,000
400	400

70,000	70,000
4,500	4,500
105,000		105,000
4,500	4,500
25,770	25,000	770
11,500	6,000							5,000		500
2,000	2,000
750	750
1,100	600								500
7,550	1,200	6,050					300
20,000	20,000
2,000	2,000
52,100	16,500	11,800	23,800
18,600	2,200	8,700		3,400	2,800	1,500
334,370 161,250 0 0 132,320 23,800 3,400 2,800 1,500 300 5,000 0 500 500 3,000

9,050	1,050				8,000
150	150
600	600
1,200	1,200
11,000 3,000 0 0 0 0 0 8,000 0 0 0 0 0 0 0

347,570 166,250 0 0 132,520 23,800 3,400 10,800 1,500 300 5,000 0 500 500 3,000

Page 26

Liskeard Parochial Church Council Summary Financial Report For the year ended 31 December 2022

What is our church really worth?	Notes	2022		2021
		£	£	£	£
Total 'worth' of the church (according to the accounts)			761,394		777,660
Less: assets that we cannot spend
Our church hall complex		92,939		84,000
Solar panels		13,960		15,460
Church reordering furniture and equipment		16,825		31,097
Other equipment and furniture used for Transforming Mission, CAP and ABC		18,169		24,200
Computers and other assets used in the church office		5,967		7,664
Capital investment from the original sale of Lanseaton Farm (at market value)		272,615		304,587
			420,475		467,008
			340,919		310,652
Less: assets that we can only spend on specific projects
Accumulated income from Lanseaton that can only be used for restricted purposes	1	3,043		234
Cash and investments for spending on mission activities only	2	140,389		164,264
Cash for spending on the church bells		5,731		6,120
Cash for spending on the organ		2,655		3,120
Cash for spending on ABC		1,240		694
Cash for spending on Christmas hampers & toys		0		0
Cash for spending on Transforming Mission		9,683		(433)
Cash for spending on the Choir		1,125		1,010
Cash for spending on the organ scholarship		753		1,299
Cash for spending on those suffering from poverty		1,838		529
Cash for spending on Christians Against Poverty (CAP)		29,957		24,320
			196,414		201,157
Total money and other assets that the PCC may do with as it chooses			144,505		109,495
Which consists of:
Money held as investments		3,993		4,105
Money owed to the church by others		16,444		18,966
Cash at the bank and petty cash held		129,283		90,200
		149,720		113,271
Money that the church owes to others		(5,215)		(3,776)

			144,505		109,495
Notes

1 Lanseaton income can only be used for 'ecclesiastical purposes'. However, this is quite a wide definition, relating to anything to do with the church building or the ministry or mission of the church.

2 The Mission Fund may only be used for mission activities as defined by the "Five Marks of Mission" set out by the Archbishops of the Anglican Communion. Its primary purpose now is to meet or contribute to the parish contributions under Transforming Mission.

Page 27

INDEPENDENT EXAMINER’S REPORT

TO THE PAROCHIAL CHURCH COUNCIL (PCC) OF ST. MARTIN’S, LISKEARD ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022

I report on the accounts for the year ended 31 December 2022 which are set out on pages 12 to 24.

Respective Responsibilities of the PCC and the Independent Examiner

The PCC is responsible for the preparation of the accounts. The PCC considers that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to:

examine the accounts under section 145 of the 2011 Act;
follow the procedures laid down in the Charity Commissioner under section 145(5)(b) of the 2011 Act; and
state whether particular matters have come to my attention.

Basis of Independent Examiner’s Statement

My examination was carried out in accordance with the General Directions given by the Charity Commission.

An examination includes a review of the accounting records kept by the PCC and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the PCC concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the next statement.

Independent Examiner’s Statement

In connection with my examination, no matters have come to my attention:

1) which gives me reasonable cause to believe that in any material respect the requirements: • to keep accounting records in accordance with section 130 of the 2011 Act; or
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met: or
2) To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

A.M. Farr, F.C.C.A. 6 March 2023 DAWE, HAWKEN & DODD Chartered Certified Accountants 52 Fore Street, Callington, PL17 7AJ