## **ST MICHAEL’S WITHOUT FINANCIAL STATEMENTS 31 DECEMBER 2022**
**Charity Number 1130721**
## **ST MICHAEL’S WITHOUT**
## **FINANCIAL STATEMENTS**
## **YEAR ENDED 31 DECEMBER 2022**
|**CONTENTS**|**PAGES**|
|---|---|
|Report of the Trustees|3 – 9|
|Reference & Administrative Information|10|
|Independent Examiner’s report to the Trustees|11 - 12|
|Statement of Financial Activities|13|
|Balance sheet|14|
|Notes to the financial statements|15 - 25|
2
## **ST MICHAEL’S WITHOUT**
## **REPORT OF THE TRUSTEES**
## **YEAR ENDED 31 DECEMBER 2022**
## **St Michael’s Without Annual Report For 2022**
## **Aims and purposes**
St. Michael’s Without Parochial Church Council (PCC) has the responsibility of cooperating with the incumbent, the Rev. Roger Driver, to promote within the ecclesiastical parish, the whole mission of the church: pastoral, evangelistic, social and ecumenical. The PCC is responsible for the maintenance of the parish church building on Broad Street.
## **Objectives and activities**
The PCC and congregation are committed to open wide our church doors and fully engage with the community of Bath and visitors to the city. The PCC maintains an overview of all the church’s activities and the use of the building to ensure that these are compatible and promote our desire to demonstrate the Way of Jesus. The site of the current church has been a Christian presence for almost 900 years. It is a significant place both for visitors to the City, and also as a meeting and gathering place for local people - a place of community. Different buildings have come and gone but the constant has been the people who are the Church.
In following Jesus, who is the Way, the PCC are committed to prayer and this is at the centre of what we do. In responding to His call on our lives we in turn are part of the ongoing work to encourage others to follow too. We seek to share the love of God through welcome and hospitality and a church building that is open daily, reaching out in practical ways to make a difference in people’s lives and for the good of the city. We are not a perfect community, we don’t always get things right and experience our share of struggles in life, but in all that, we still seek to follow Jesus faithfully because we know no better way. Our services and worship put faith into practice through prayer and scripture, music and sacrament.
When planning our activities for the year we have considered the Charity Commission’s guidance on public benefit and, in particular, the supplementary
3
## **ST MICHAEL’S WITHOUT**
## **REPORT OF THE TRUSTEES**
## **YEAR ENDED 31 DECEMBER 2022**
guidance on charities for the advancement of religion. Specifically, we try to enable ordinary people to live out their faith as part of our parish community through:
- **Worship, Prayer & Teaching:** These are central to our activity of encouraging the Christian Community, through seeking God in prayer, worship and through the Bible.
- **Pastoral Care:** Provision of pastoral care for the congregation as well as people living in the parish who are part of the wider family of the church.
- **Café:** Hospitality is key to the vision we hold to welcome all through the doors of the church building. The café is fundamental to this, providing refreshment and a reason for visitors to stay longer and meet with friends; for city centre workers to find a different space to sit away from the pressures of work and others looking for a quiet sanctuary for prayer or reflection. We are clear of its purpose in our mission, which is to enable the building to be open daily for those seeking refreshment.
- **Community Outreach:** Missionary and outreach work which happens in and through the building. As we look outwards, our connections with residents in the parish, community groups and those who inhabit the city centre are important parts of our focus.
- **Social Action:** We continue active support of various Christian organizations in the City, in our Mission giving and support through fund raising, particularly the Christmas Shop which we ran fully ourselves for the second time this year.
- **Gathering Place:** Hosting events that enable our building to be used for cultural and community activity; all of which are open to the whole community.
## **Achievements and performance**
## **Parish and Church**
This year saw the installation of our new Diocesan Bishop, Michael Beasley. With a full senior leadership team Bishop Michael has prioritised refreshing the Diocesan strategy and facing up to the severe financial challenges facing the Diocese. In the use of resources that we do have the encouragement we have continued to be given is:
## **To place mission and evangelism at the heart of everything that we do**
This priority continues to remind us that everything we do needs to be set within the context of sharing God’s love with the world (living the story) and proclaiming the gospel (telling the story).
For us this means continuing to plan and shape our life together to serve and embrace our parish community better. We have planned and undertaken activities and initiatives with an explicitly missional purpose and engage more proactively with our communities at a personal, parish, deanery and diocesan level.
## **To realign our ministry resources towards mission**
As we look at what we have we have continued to plan to shift the balance of the resources we deploy in time, people and buildings towards mission and provide more
4
## **ST MICHAEL’S WITHOUT**
## **REPORT OF THE TRUSTEES**
## **YEAR ENDED 31 DECEMBER 2022**
resources for explicitly missional roles, which in this past year has seen the employment to of a Worship Pastor and Children’s and Families Pastor. We have sort to invest in our parish community and in initiatives in order to follow God’s missionary purposes; and that we will seek numerical and spiritual growth as we trust in the leading and guiding of God’s Holy Spirit.
## **To identify, develop and release the gifts of all our people**
Over two years on from the pandemic we have continued to experiment and seek out new ways of being church to make best use of the gifts and talents that God has given to his people. Through that we have seen growth in the congregation and the expansion in the ways we serve our community and witness to the love of God in Jesus Christ.
The Diocesan Vision is encapsulated in these words;
## **‘In response to God’s immense love for us we seek to be God’s people living and telling the story of Jesus.’**
At the heart of our mission is our desire to **‘Follow the Way of Jesus in the city’** . This has involved prioritising our time, energy, and resources moving through the post-pandemic recovery phase of the past 12 months.
## **Highlights:**
Our ministry highlights include our growing in confidence in worship and the growth of the team that leads us following the appointment of a new Worship Pastor, the focus on children's and family ministry, where we have increased our efforts to serve and teach the children of our church family. Creating a welcoming environment has been a central task, moving from the restrictions of the pandemic to building confidence to meet and engage in larger numbers. The Café has grown from strength to strength and every day the church space has become a regular place to meet for many locals, and from the social media comments an important find for tourists!
## **Worship:**
Worship continues to be a central part of our church. We believe that this is where we encounter God and grow in our relationship with Him. We prioritise creating a vibrant and welcoming atmosphere where all feel included. Under Jacob Smith’s new leadership, we have been blessed.
## **Evangelism:**
Our evangelism efforts have been focused on building meaningful relationships with those in our community. Through intentional conversations
5
## **ST MICHAEL’S WITHOUT**
## **REPORT OF THE TRUSTEES**
## **YEAR ENDED 31 DECEMBER 2022**
and events, we continue to see lives transformed and listen to testimonies of people whose lives have been touched with encounters with Jesus.
## **Children & Families:**
Our children's ministry has been revamped this past year, and we have made significant efforts to provide an enriching and faith-filled space for our children. We are committed to seeing the next generation know and love Jesus.
## **Common Purpose:**
Our church's common purpose is to serve our community, and we have been focused on creating a welcoming and inclusive space for all. This year, we have continued to partner with local organisations to serve and bless our community intentionally.
## **Social Justice and the Environment:**
We believe that social justice is a crucial aspect of our faith, and as such, we have prioritised efforts towards serving those in need. This year we have provided food and support to the homeless and have actively advocated for change in our city.
We recognise that caring for the earth is part of our responsibility as Christians, we are committed to being responsible stewards of the environment. This year, we have continued to promote sustainable and environmentally friendly practices in our church and community.
## **Support for Mission:**
The development of the **Christmas Shop** has been important for a few reasons, the significant one was facilitating and supporting the raising of funds for other Christian organisations and charities in the work that they do. It has also provided us with a stream of fund raising for the ministry of the Church.
## **Church Finances**
St Michael’s Without continues to be an unusual church based charitable organisation. In part it is a city centre parish church which is subject to the same pressures upon offertory and the demands of historic building maintenance as many other parishes countrywide. Additionally, St Michael’s operates a missional enterprise to open the church as a resource for those of faith and those of none, to welcome, refresh, entertain or provide respite. Balancing this is a challenge operationally and financially. Furthermore, there is evidence that church engagement in general, has changed significantly post pandemic. Because of our unusual circumstances, we have and
6
## **ST MICHAEL’S WITHOUT**
## **REPORT OF THE TRUSTEES**
## **YEAR ENDED 31 DECEMBER 2022**
continue to refine a financial structure that seeks to discriminate between core costs associated with our role as a parish church and those due to our wider weekday mission.
Overall, the church accounts show that following a deficit in 2021 we achieved a modest surplus in 2022 of £2,273. Within this we are pleased to report that we paid Parish Share in full.
Further analysis shows that our Church Café performed well throughout the year and overall contributed in excess of £10,000 to our funds. The café is pivotal to our mission aim to open the church daily. Similarly, after some barren years, income from events has begun to recover with more concerts, exhibitions and recitals taking place.
However, we also acknowledge a concern that planned giving and other offertory from the church congregation fell during 2022. Consequently, at the start of 2023, we have appealed to all who regularly attend our services to consider the support they can offer. It is our intention to reverse a recent trend of a reduction in offertory and regular giving and build again to a value that exceeds all our core expenditure. While this will not be easy; our expenditure particularly on energy has risen significantly while many of our regular givers have incomes that have not risen in the same way as the costof-living crisis has played out. Nevertheless, it is a fundamental tenet of our operation. We want to be a thriving church that has subsidiary trading activity not a hospitality venue that supports church services at the weekend.
Overarching all our activity is our dependence on God’s grace and provision. We temper our ambition and plans with a reliance on God to know and do the right thing when He prompts us. It remains a challenge, but we have a memory of other times when we have been similarly challenged, when faith in what we believe has been blessed. We trust that while we continue to seek and heed God’s direction, He will continue to make His face to shine upon us.
## **Church Reserves Policy**
The PCC determined many years ago that a Reserve should be held as a financial buffer against circumstances where the church and its trading activities were unable to operate normally for an extended period of time. This was set at a notional amount of £30,000 but was reduced due to financial pressure in 2018/19 to £20,000. Interest credit has increased the reserve to the current level of £20,211. In an ideal world it would be good to anticipate a time when a significant end of year surplus could be used to increase our reserve.
7
## **ST MICHAEL’S WITHOUT**
## **REPORT OF THE TRUSTEES**
## **YEAR ENDED 31 DECEMBER 2022**
However currently we are trusting that a combination of God’s provision and careful management will allow us to continue to operate the church successfully.
## **Staff and Volunteers**
The Staff team is led by the Rector, and a core group that meets most weeks is the Ministry Team who are made up of the licensed and Permission to Officiate Clergy, Readers, Worship Pastor, Children’s & Family Pastor and Administrator.
We are grateful for the numerous volunteers who help serve in many ways in our activities and in the maintenance of the building, particularly Ken Slade and Dave Snook who oversee health and safety in the buildings along with minor repairs, the members of the PCC and the Ministry Team.
In the Office the core team are Lisa Ware who works as Administration and Events Coordinator, Paul Trembling who is our Part-time Assistant Bookkeeper and off-site Lesley Davies our main Bookkeeper. We employ a variety of full time and casual staff in the café and as events teams. Andrew Chrystal, as Hospitality Manager has oversight of café operations and events staffing.
## **Structure, governance & management**
**The PCC** convened 7 times during 2022. The APCM was held on Thursday 26[th] May, 2022 when one third of the elected members retired and replacements were elected for a three-year period.
**The Standing Committee** , executed the business of the PCC between meetings of the Council. In 2022 the members were Roger Driver (Rector), Charles Curnock (until April), Rachel Snook (Church Wardens), Jane Pleace (from April), Rachel Walker (PCC Secretary) Andrew Tapsfield (Treasurer) and Marian Marlow (Reader). The Standing Committee met informally in church after services and on Zoom, email and reporting to the PCC at the next following meeting.
## **Statement of trustees’ responsibilities**
The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
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## **ST MICHAEL’S WITHOUT**
## **REPORT OF THE TRUSTEES**
## **YEAR ENDED 31 DECEMBER 2022**
The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed/constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on order of the Trustees by
Rev Roger Driver Rector
Date: 27 March 2023
9
## **ST MICHAEL’S WITHOUT**
## **REFERENCE & ADMINISTRATIVE INFORMATION**
## **YEAR ENDED 31 DECEMBER 2022**
## **Administrative Information**
St. Michael’s Church is situated on Broad Street, Bath. The correspondence address is St Michael’s Without Church, Broad Street, Bath, BA1 5LJ. It is part of the Diocese of Bath and Wells within the Church of England. The PCC is a body corporate (PCC Powers Measure 1956, Church Representation Rules 2006 as amended on 27 July 2014) and is a charity which holds registration with the Charity Commission – Charity Number 1130721
## **Parochial Church Council**
The Council consists of ex-officio members (The Rector as Chair, the Churchwardens, the Readers and Deanery Synod representatives) and up to 12 elected members. PCC members serving in 2022 until the date this report was approved are:
INCUMBENT: Revd. Roger Driver ASSISTANT CURATE: Revd. Simon Winchcombe CHURCH WARDENS: Rachel Snook Jane Pleace Charles Curnoch (until 25 Apr 2022) READERS: Marian Marlow, Sheila Watters DEANERY SYNOD REPS: Steve Egan, Jane Pleace ELECTED 2020: Andrew Tapsfield Charles Dods Alison Dods ELECTED 2021: Jon Webb-Peploe Jacqui Smart ELECTED 2022: Rachel Walker Charles Betts (from May 2022) Mirna Dean (from May 2022)
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## **ST MICHAEL’S WITHOUT**
## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES**
## **YEAR ENDED 31 DECEMBER 2022**
I report to the trustees on my examination of the accounts of St Michaels Without (the Charity) for the year ended 31st December 2022.
## **Responsibilities and basis of report**
As the charity trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination.
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## **ST MICHAEL’S WITHOUT**
## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES**
## **YEAR ENDED 31 DECEMBER 2022**
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Joshua Kingston BSc, ACA Burton Sweet Chartered Accountants The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1UR
Date: 27 March 2023
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## **PAROCHIAL CHURCH COUNCIL OF ST MICHAEL'S WITHOUT STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022**
|||**Unrestricted**|**Unrestricted**||||
|---|---|---|---|---|---|---|
|||**General**|**Designated **|**Restricted **|**Total Funds **|**Total Funds**|
||**Note**|**Reserves**|**Funds**|**Funds**|**2022**|**2021**|
|**Income from:**||**£**||**£**|**£**|**£**|
|Donations and Legacies|**2**|112,897|1,230|-|114,127|130,622|
|Charitable Activities|**3**|118,122|-|146|118,268|69,325|
|Other Trading Activities|**4**|39,170|-|-|39,170|26,386|
|Investments|**5**|562|-|-|562|21|
|**Total income**||270,751|1,230|146|272,127|226,354|
|**Expenditure on:**|||||||
|Raising Funds|**7**|40,795|-|138|40,933|34,681|
|Charitable Activities|**6**|227,655|-|1,266|228,921|199,890|
|**Total expenditure**||268,450|-|1,404|269,854|234,571|
|**Net income/(expenditure) before**|**transfers**|2,301|1,230|(1,258)|2,273|(8,217)|
|**Transfers between funds**|**14**|4,716|(4,716)|-|-|-|
|**Net movement in funds**||7,017|(3,486)|(1,258)|2,273|(8,217)|
|**Total funds at 1 January 2022**|**14**|43,793|28,856|16,614|89,263|97,480|
|**Total funds at 31 December 2022**|**14**|50,810|25,370|15,356|91,536|89,263|
The charity has no recognised gains or losses other than the results for the year as set out above.
Prior year fund comparatives are shown in note 8.
**The notes on pages 15 to 25 form part of these financial statements.**
13
## **PAROCHIAL CHURCH COUNCIL OF ST MICHAEL'S WITHOUT BALANCE SHEET AS AT 31 DECEMBER 2022**
|**Note**
**Fixed assets**
Tangible assets
**9**
**Current assets**
Debtors
**10**
Stock
**11**
Cash at bank and in hand
**12**
**Liabilities**
**13**
**Net current assets**
**Total net assets**
**Funds**
Restricted
**18**
Unrestricted Designated
**18**
Unrestricted General
**18**
Creditors : amounts falling due within
one year|2,864
20,426
5,099
108,464
133,989
(45,317)
88,672
91,536
15,356
25,370
50,810
91,536
**2022**
**£**|2,864
20,426
5,099
108,464
133,989
(45,317)
88,672
91,536
15,356
25,370
50,810
91,536
**2022**
**£**|7,580
14,325
4,736
86,547
105,608
(23,925)
81,683
89,263
16,614
28,856
43,793
89,263
**2021**
**£**|7,580
14,325
4,736
86,547
105,608
(23,925)
81,683
89,263
16,614
28,856
43,793
89,263
**2021**
**£**|
|---|---|---|---|---|
||133,989
(45,317)||105,608
(23,925)||
||||||
|||91,536||89,263|
|||15,356
25,370
50,810||16,614
28,856
43,793|
|||91,536||89,263|
These financial statements were approved by the trustees on 27 March 2023 and are signed on their behalf by:
R Driver
A Tapsfield
**The notes on pages 15 to 25 form part of these financial statements.**
14
**PAROCHIAL CHURCH COUNCIL OF ST MICHAEL'S WITHOUT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **1 Accounting Policies**
## **Basis of preparation**
The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019.
The accounts (financial statements) have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The charity is a public benefit entity as defined under FRS102.
The trustees consider that even though COVID-19 represents a material uncertainty the charity is able to continue as a going concern and therefore the financial statements are prepared on the going concern basis.
## **Income**
Income from donations is included in income when these are receivable, except as follows: I. When donors specify that donations given to the charity must be used in future accounting periods, the income is deferred until those periods;
II. When donors impose conditions which have to be fulfilled before the charity becomes entitled to use such income, the income is deferred until the pre-conditions have been met.
Investment income is included on a receivable basis.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis, inclusive of any VAT which cannot be recovered.
Adminstration costs have been allocated between other trading activities and charitable activities. The apportionment has been allocated on the basis of usage and is analysed in note 20.
## **Fixed assets**
Fixed assets are stated at cost with purchases of £100 or greater being capitalised. Depreciation is calculated so as to write off the cost of fixed assets over the useful life as follows:
Café Equipment 33% reducing balance Office Equipment 25% straight line Audio Visual Equipment 25% straight line
## **Debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any discounts due.
## **Stock**
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
## **Cash and cash equivalents**
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **Creditors**
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any discounts due.
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**PAROCHIAL CHURCH COUNCIL OF ST MICHAEL'S WITHOUT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **1 Accounting Policies (** _**continued**_ **)**
## **Fund Accounting**
Unrestricted funds can be used in accordance with the charitable objects at the discretion of the trustees. Designated funds form part of unrestricted funds and have been identified as being for particular purposes by the Trustees. They are not restricted and can be undesignated at any time at the discretion of the Trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
## **2 Income from donations and legacies**
|Donations and gifts
Gift aid tax reclaims
Planned giving
St Pauls hall fund
HMRC Covid-19 job retention
Government grants|**Unrestricted Unrestricted**
**General**
**Designated**
**Restricted**
**Total Funds**
**Total Funds**
**Reserves**
**Funds**
**Funds**
**2022**
**2021**
**£**
**£**
**£**
**£**
**£**
12,978
1,230
-
14,208
8,937
16,646
-
-
16,646
19,332
76,123
-
-
76,123
87,470
5,400
-
-
5,400
6,000
-
-
-
-
7,134
1,750
-
-
1,750
1,749|
|---|---|
||112,897
1,230
-
114,127
130,622|
See note 21 for prior year comparative.
## **3 Income from charitable activities**
|Church events & away trips
Other rents & building hire
Church café
Card sales
Christmas & gift shop|**Unrestricted Unrestricted**
**General**
**Designated**
**Restricted**
**Total Funds**
**Total Funds**
**Reserves**
**Funds**
**Funds**
**2022**
**2021**
**£**
**£**
**£**
**£**
**£**
713
-
146
859
1,475
12,427
-
-
12,427
8,756
95,775
-
-
95,775
48,443
222
-
-
222
565
8,985
-
-
8,985
10,086|
|---|---|
||118,122
-
146
118,268
69,325|
See note 21 for prior year comparative.
## **4 Income from other trading activities**
|Other rents & building hire
Church café
Card sales
Christmas & gift shop|**Unrestricted Unrestricted**
**General**
**Designated**
**Restricted**
**Total Funds**
**Total Funds**
**Reserves**
**Funds**
**Funds**
**2022**
**2021**
**£**
**£**
**£**
**£**
**£**
9,015
-
-
9,015
6,986
23,944
-
-
23,944
12,111
222
-
-
222
565
5,989
-
-
5,989
6,724|
|---|---|
||39,170
-
-
39,170
26,386|
See note 21 for prior year comparative.
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**PAROCHIAL CHURCH COUNCIL OF ST MICHAEL'S WITHOUT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **5 Income from investments**
||**Unrestricted **|**Unrestricted**||||
|---|---|---|---|---|---|
||**General**|**Designated**|**Restricted**|**Total Funds**|**Total Funds**|
||**Reserves**|**Funds**|**Funds**|**2022**|**2021**|
||**£**|**£**|**£**|**£**|**£**|
|Interest income|562|-|-|562|21|
See note 21 for prior year comparative.
## **6 Expenditure on charitable activities**
|Advertising, marketing, publicity
Church café
Church rentals & hire
Card sales
Christmas pop up shop
Building repairs
Donations & subscriptions
Parish & outreach work
Service costs
Parish share
Covid-19 costs
Administration costs. (note 20)|**Unrestricted Unrestricted**
**General**
**Designated**
**Restricted**
**Total Funds**
**Total Funds**
**Reserves**
**Funds**
**Funds**
**2022**
**2021**
**£**
**£**
**£**
**£**
**£**
467
-
-
467
746
63,309
-
-
63,309
35,897
2,635
-
-
2,635
2,325
369
-
-
369
508
2,155
-
-
2,155
3,792
6,997
-
-
6,997
3,063
15
-
-
15
15
12,053
-
-
12,053
3,964
12,285
-
1,266
13,551
15,166
66,000
-
-
66,000
71,150
-
-
-
-
10,155
61,370
-
-
61,370
53,109|
|---|---|
||227,655
-
1,266
228,921
199,890|
See note 21 for prior year comparative.
## **7 Expenditure on raising funds**
|**Expenditure on raising funds**||||||
|---|---|---|---|---|---|
||**Unrestricted **|**Unrestricted**||||
||**General**|**Designated**|**Restricted**|**Total Funds**|**Total Funds**|
||**Reserves**|**Funds**|**Funds**|**2022**|**2021**|
||**£**|**£**|**£**|**£**|**£**|
|Giving envelopes/Contactless Giving|75|-|138|213|-|
|Other rents & building hire|2,635|-|-|2,635|2,018|
|Church café|15,827|-|-|15,827|8,974|
|Card sales|369|-|-|369|508|
|Christmas pop up shop|1,437|-|-|1,437|2,528|
|Administration costs. (note 20)|20,452|-|-|20,452|20,653|
||40,795|-|138|40,933|34,681|
See note 21 for prior year comparative.
17
**PAROCHIAL CHURCH COUNCIL OF ST MICHAEL'S WITHOUT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **8 Prior year fund comparatives**
|**Income from:**
Donations and Legacies
Charitable Activities
Trading Activities
Investments
**Total Income**
**Expenditure on:**
Raising Funds
Charitable Activities
**Total Expenditure**
**Net income/(expenditure) before transfers**
**Transfers between funds**
**Net movement in funds**
**Total funds at 1 January 2021**
**Total funds at 31 December 2021**|**Unrestricted Unrestricted**
**General**
**Designated**
**Restricted**
**Total Funds**
**Reserves**
**Funds**
**Funds**
**2021**
**£**
**£**
**£**
**£**
127,485
568
2,569
130,622
69,250
-
75
69,325
26,386
-
-
26,386
21
-
-
21|
|---|---|
||223,142
568
2,644
226,354|
||32,646
-
2,035
34,681
182,141
568
17,181
199,890|
||214,787
568
19,216
234,571|
||8,355
-
(16,572)
(8,217)
5,026
(5,026)
-
-|
||13,381
(5,026)
(16,572)
(8,217)
30,412
33,882
33,186
97,480|
||43,793
28,856
16,614
89,263|
## **9 Fixed assets**
|**Cost**
At 1 January 2022
Additions
Disposals
At 31 December 2022
**Depreciation**
At 1 January 2022
Charge for the year
Disposals
At 31 December 2022
**Net Book Value**
At 31 December 2022
At 31 December 2021
**Debtors**
Prepayments and accrued income
Gift aid reclaim
Debtors
Other debtors|**Audio Visual**
**Equipment**
**£**
16,808
-
-|
**Café**
**Equipment**
**Office**
**Equipment**
**£**
**£**
7,172
225
-
-
-
-|**TOTAL**
**£**
24,205
-
-|
|---|---|---|---|
||16,808|7,172
225|24,205|
||10,787
4,201
-|5,613
225
515
-
-
-|16,625
4,716
-|
||14,988|6,128
225|21,341|
|||||
||1,820|1,044
-|2,864|
|||||
||6,021|1,559
-|7,580|
|||**2022**
**£**
1,016
3,554
9,433
6,423
20,426|**2021**
**£**
1,091
3,967
4,765
4,502|
||||14,325|
## **10 Debtors**
18
## **PAROCHIAL CHURCH COUNCIL OF ST MICHAEL'S WITHOUT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **11 Stocks**
|Café food & drink stock
Card & print stock
Venue food & drink stock
Christmas pop up shop stock
**Cash at bank and in hand**
Short term deposits
Cash at bank
Cash in hand|**2022**
**£**
4,006
100
993
-
5,099
**2022**
**£**
37,111
71,216
137
108,464|**2021**
**£**
3,789
100
547
300|
|---|---|---|
|||4,736|
|||**2021**
**£**
36,630
49,700
217|
|||86,547|
## **12 Cash at bank and in hand**
## **13 Creditors: amount falling due within one year**
|**Creditors: amount falling due within one year**|||
|---|---|---|
|Trade creditors
Accruals & deferred income
Tax and social security
Other creditors|**2022**
**£**
2,734
17,835
7,728
17,020
45,317|**2021**
**£**
2,702
14,162
5,041
2,020|
|||23,925|
## **14 Movement in funds**
|**Movement in funds**||
|---|---|
|**Restricted Funds**
Restricted donations
A/V
Young peoples work
Crypt
Crypt kitchen
Hardship fund
Bath In Need
Contribution for contactless giving
Music development
**Unrestricted Designated Funds**
Friday Fellowship
Church Reserve
Worship Designated
Fixed Assets NBV
**Unrestricted General Funds**
**Total Funds**|**At**
**1 Jan 2022**
**Income**
**Expenditure**
**Transfers**
**At**
**31 Dec 2022**
**£**
**£**
**£**
**£**
**£**
2,876
50
-
-
2,926
4,940
-
(310)
-
4,630
242
-
-
-
242
497
-
-
-
497
500
-
-
-
500
374
96
(304)
-
166
2,500
-
-
-
2,500
338
-
(138)
-
200
4,347
-
(652)
-
3,695|
||16,614
146
(1,404)
-
15,356
1,065
-
-
-
1,065
20,211
-
-
-
20,211
-
1,230
-
-
1,230
7,580
-
-
(4,716)
2,864|
||28,856
1,230
-
(4,716)
25,370
43,793
270,751
(268,450)
4,716
50,810|
||89,263
272,127
(269,854)
-
91,536|
19
## **PAROCHIAL CHURCH COUNCIL OF ST MICHAEL'S WITHOUT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
|**14 Movement in funds (continued)**
**Restricted Funds**
Café staff
Restricted donations
A/V
Young peoples work
Crypt
Crypt kitchen
Hardship fund
Bath in Need
Contribution for contactless giving
Music development
Cultural recovery grant
**Unrestricted Designated Funds**
Friday fellowship
Church reserve
Christmas carols
Fixed assets NBV
**Unrestricted General Funds**
**Total Funds**
**Prior year comparatives**|**At**
**1 Jan 2021**
**Income**
**Expenditure**
**Transfers**
**At**
**31 Dec 2021**
**£**
**£**
**£**
**£**
**£**
2,000
-
(2,000)
-
-
2,749
835
(708)
-
2,876
4,940
-
-
-
4,940
242
-
-
-
242
1,265
-
(768)
-
497
500
-
-
-
500
625
60
(311)
-
374
2,500
-
-
-
2,500
488
-
(150)
-
338
4,422
-
(75)
-
4,347
13,455
1,749
(15,204)
-
-|
|---|---|
||33,186
2,644
(19,216)
-
16,614
1,065
-
-
-
1,065
20,211
-
-
-
20,211
-
568
(568)
-
-
12,606
-
-
(5,026)
7,580|
||33,882
568
(568)
(5,026)
28,856
30,412
223,142
(214,787)
5,026
43,793|
||97,480
226,354
(234,571)
-
89,263|
## **Café Staff**
Donation received to facilitate an increase in Café staff wages.
## **Restricted Donations**
These are are donations received and for a specific fund or charity. This is money which needs to be passed on to the charity.
## **A/V**
Donations received to buy new A/V equipment for Church use.
## **Young People's Work**
Donations received to fund work with Young people. Also collections received to fund trips and Youth events.
## **Crypt**
Donations received for further Crypt improvements.
## **Crypt Kitchen**
Donations received to improve the kitchen in the crypt.
## **Hardship Fund**
Donations received to help people in Hardship.
## **Bath In Need**
Donation received to help during Covid-19, split with St Swithin's Church who were paid their share in 2020. **Contactless Giving**
Donation received to cover initial cost of contactless machine and monthly costs.
## **Music Development**
Donations received in order to purchase music and musical equipment.
## **Cultural Recovery Grant**
Money received to be used for specific Covid-19 costs, such as home working and PPE.
## **Friday Fellowship**
This group meets weekly and serves soup, donations are made to the group to help with costs. **Church Reserve**
Funds allocated to cover the Church's expenses should all other funds be depleted.
## **Christmas Carols**
Donations received to pay for Christmas Choir Carol Services. **Worship Designated**
Donations towards cost for Training etc for Worship Leader.
20
**PAROCHIAL CHURCH COUNCIL OF ST MICHAEL'S WITHOUT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **14 Movement in funds (continued)**
## **Fixed assets NBV**
The net book value of fixed assets is shown in a separate designated fund. Transfers between this and general funds represent fixed assets additions and disposals.
## **15 Staff costs**
|Salaries & Wages
Pension Costs|**2022**
**£**
70,481
759
71,240|**2021**
**£**
49,681
247|
|---|---|---|
|||49,928|
The average number of employees during the year was as follows:
|Average number of employees|**Total**
**2022**
11|**Total**
**2021**
7|
|---|---|---|
The total aggregate employment benefits received by key management personnel were £Nil (2021: £Nil).
The PCC also enlisted the services of sub contractors; a worship leader, an Events and Hospitality Manager, and a Bookkeeper.
## **16 Payments to trustees, donations from trustees and other related party transactions**
Two of the Church Trustees, Charles Curnock and Stuart Dobson are also Trustees of the Church Hall charity. The proceeds of St Paul's Hall (sold in 1971) were invested and the investment income each quarter is donated to Charities who had a connection to St Paul's Hall. St Michaels Without received £5,400 as a donation in 2021 (2021: £6,000) (note 2).
## **Payments relating to trustees**
Two Trustees were reimbursed for their out of pocket expenses in the year, this amounted to £126 (2021: £330).
## **Income from trustees**
Aggregate donations from Trustees and related parties were £37,083 (2021: £50,031).
## **Trustee Remuneration**
No Trustees received remuneration during the current year and prior year. There are no other related party transactions other than those disclosed throughout the financial statements.
## **17 Commitments**
The church leases a photocopier. The Lease was renewed November 2018. At 31 December 2022 the charity has total commitments under non-canncellable operating leases as set out below:
|Within one year
Between two to five years|**Total**
**2022**
**£**
2,904
-
2,904|**Total**
**2021**
**£**
2,904
2,904|
|---|---|---|
|||5,808|
21
**PAROCHIAL CHURCH COUNCIL OF ST MICHAEL'S WITHOUT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **18 Analysis of net assets between funds**
## **As at 31 December 2022**
|**Restricted funds**
**Unrestricted funds**
_Designated funds_
_General funds_
**As at 31st December 2022**
**Prior year comparatives**
**Restricted funds**
**Unrestricted funds**
_Designated funds_
_General funds_
**As at 31st December 2021**|**Tangible**
**Fixed Assets**
**Other net**
**assets**
**Total Funds**
**£**
**£**
**£**
-
15,356
15,356
2,864
22,506
25,370
-
50,810
50,810|
|---|---|
||2,864
88,672
91,536|
||**Tangible**
**Fixed Assets**
**Other net**
**assets**
**Total Funds**
**£**
**£**
**£**
-
16,614
16,614
7,580
21,276
28,856
-
43,793
43,793
**As at 31 December 2021**|
||7,580
81,683
89,263|
## **19 Primary purpose trading**
The church operates a café, which attracts locals and tourists. The PCC has deemed a proportion of the income and expenditure is primary purpose trading.
The church also rents out the crypt and main church space for events. The PCC has deemed a proportion of the income and expenditure is primary purpose trading. The primary purpose trading percentages are as follows:
|**Primary**
**Purpose %**
Venue Hire
**50%**
Venue Other
**60%**
Crypt Income
**70%**
Christmas Pop Up Shop
**60%**
Church Café
**80%**
Card sales
**50%**
**Percentage of total trading income**|**Primary**
**Purpose**
**Trading**
**Total Income**
**£**
**£**
**£**
4,742
4,741
9,483
4,115
2,744
6,859
3,570
1,530
5,100
8,985
5,989
14,974
95,775
23,944
119,719
222
222
444|
|---|---|
||117,409
39,170
156,579|
||**75%**
**25%**|
See note 21 for prior year comparative.
22
## **PAROCHIAL CHURCH COUNCIL OF ST MICHAEL'S WITHOUT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **20 Administration costs**
|**Primary**
**Purpose %**
Depreciation
**75%**
Heat & Light
**75%**
Water Rates
**75%**
Printing, postage & Stationery
**75%**
Computer costs
**75%**
Telephone
**75%**
Equipment Repairs
**75%**
Bank charges
**75%**
Admin & Bookkeeping
**75%**
Business Manager
**75%**
Accountancy
**75%**
Staff costs
**75%**
Cleaning materials
**75%**
Insurance
**75%**
Sundry
**75%**
See note 21 for prior year comparative.|**Primary**
**Purpose**
**Trading**
**Total Admin**
**costs**
**£**
**£**
**£**
263
87
350
12,947
4,316
17,263
100
33
133
1,253
417
1,670
528
176
704
737
245
982
104
34
138
2,928
976
3,904
19,970
6,656
26,626
17,288
5,763
23,051
1,577
526
2,103
695
231
926
322
107
429
2,566
855
3,421
92
30
122|
|---|---|
||61,370
20,452
81,822|
|||
## **21 Prior Year Comparatives**
## **Income from donations and legacies**
|Donations and gifts
Gift aid tax reclaims
Planned giving
St Pauls hall fund
HMRC Covid-19 job retention
Cultural recovery grant - Covid-19|**Unrestricted Unrestricted**
**General**
**Designated**
**Restricted**
**Total Funds**
**Reserves**
**Funds**
**Funds**
**2021**
**£**
**£**
**£**
**£**
7,549
568
820
8,937
19,332
-
-
19,332
87,470
-
-
87,470
6,000
-
-
6,000
7,134
-
-
7,134
-
-
1,749
1,749|
|---|---|
||127,485
568
2,569
130,622|
## **Income from charitable activities**
|Church events & away trips
Other rents & building hire
Church Café
Card sales
Christmas Pop Up Shop|**Unrestricted Unrestricted**
**General**
**Designated**
**Restricted**
**Total Funds**
**Reserves**
**Funds**
**Funds**
**2021**
**£**
**£**
**£**
**£**
1,400
-
75
1,475
8,756
-
-
8,756
48,443
-
-
48,443
565
-
-
565
10,086
-
-
10,086|
|---|---|
||69,250
-
75
69,325|
23
**PAROCHIAL CHURCH COUNCIL OF ST MICHAEL'S WITHOUT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **21 Prior Year Comparatives continued**
## **Income from other trading activities**
|Other rents & building hire
Church café
Card sales
Christmas pop up shop|**Unrestricted Unrestricted**
**General**
**Designated**
**Restricted**
**Total Funds**
**Reserves**
**Funds**
**Funds**
**2021**
**£**
**£**
**£**
**£**
6,986
-
-
6,986
12,111
-
-
12,111
565
-
-
565
6,724
-
-
6,724|
|---|---|
||26,386
-
-
26,386|
## **Income from investments**
|**Income from investments**||
|---|---|
|Interest income
**Expenditure on raising funds**
Other rents & building hire
Church café
Card sales
Christmas pop up shop
Administration costs|**Unrestricted Unrestricted**
**General**
**Designated**
**Restricted**
**Total Funds**
**Reserves**
**Funds**
**Funds**
**2021**
**£**
**£**
**£**
**£**
21
-
-
21|
||**Unrestricted Unrestricted**
**General**
**Designated**
**Restricted**
**Total Funds**
**Reserves**
**Funds**
**Funds**
**2021**
**£**
**£**
**£**
**£**
1,787
-
231
2,018
8,574
-
400
8,974
508
-
-
508
2,528
-
-
2,528
19,249
-
1,404
20,653|
||32,646
-
2,035
34,681|
## **Expenditure on charitable activities**
|Advertising, marketing, publicity
Church café
Church rentals & hire
Card sales
Christmas Pop Up Shop
Building repairs
Donations & subscriptions
Parish & Outreach work
Service costs
Parish share
Covid-19 Costs
Administration costs (note 20)|**Unrestricted Unrestricted**
**General**
**Designated**
**Restricted**
**Total Funds**
**Reserves**
**Funds**
**Funds**
**2021**
**£**
**£**
**£**
**£**
746
-
-
746
34,297
-
1,600
35,897
1,787
-
538
2,325
508
-
-
508
3,792
-
-
3,792
3,063
-
-
3,063
15
-
-
15
3,964
-
-
3,964
13,506
568
1,092
15,166
71,150
-
-
71,150
-
-
10,155
10,155
49,313
-
3,796
53,109|
|---|---|
||182,141
568
17,181
199,890|
24
**PAROCHIAL CHURCH COUNCIL OF ST MICHAEL'S WITHOUT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **21 Prior Year Comparatives continued**
## **Primary purpose trading**
|**Primary**
**Purpose %**
Venue Hire
**50%**
Veue Other income
**60%**
Crypt Income
**70%**
Annual Rent for Cards for Good Causes
**60%**
Church Café
**80%**
Card sales
**50%**
**Percentage of total trading income**|**Primary**
**Purpose**
**Trading**
**Total Income**
**2021**
**2021**
**2021**
**£**
**£**
**£**
4,971
4,971
9,942
1,650
1,100
2,750
2,135
915
3,050
10,086
6,724
16,810
48,443
12,111
60,554
565
565
1,130|
|---|---|
||67,850
26,386
94,236|
||**72%**
**28%**|
## **Percentage of total trading income**
## **Administration costs**
|**Primary**
**Purpose %**
Depreciation
**72%**
Heat & Light
**72%**
Water Rates
**72%**
Printing, postage & Stationery
**72%**
Computer costs
**72%**
Telephone
**72%**
Equipment Repairs
**72%**
Bank Charges
**72%**
Admin & Bookkeeping
**72%**
Business Manager
**72%**
Accountancy
**72%**
Staff Costs
**72%**
Cleaner
**72%**
Cleaning materials
**72%**
Insurance
**72%**|**Primary**
**Purpose**
**Trading**
**Total Admin**
**costs**
**2021**
**2021**
**2021**
**£**
**£**
**£**
593
231
824
10,686
4,155
14,841
71
27
98
968
377
1,345
466
181
647
796
309
1,105
372
144
516
2,391
930
3,321
18,608
7,237
25,845
9,934
3,863
13,797
1,631
634
2,265
1,959
762
2,721
1,904
740
2,644
294
114
408
2,437
948
3,385|
|---|---|
||53,110
20,652
73,762|
25