THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE CHURCH OF KING CHARLES THE MARTYR POTTERS BAR (CHARITY NUMBER 1130748) INDEX TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Statement of Parochial Church Council's Responsibilities Independent Ekwniner's Report Balance Sheet Statement of Financial Activities Notes to Financial Statements BRENNAN PEARSON & CO Chartered Aeeountants 1101112 Lancaster Road. New Barnet, HertfordShI￿ EN4 8AL CHURCH OF KING CHARLES THE MARTYR STATEMENT OF PAROCHIAL CHURCH COUNCIL'S RESPONSIBILITIES Law applicable to charities in England and Wales requires the Parochial Church Council to pr¢pare financial statements tor each financiaL year which give a true and fair vi¢w of the Church's financial activities during the year and of its financial w)sition at the end of the year. In preparing financiaL statements giving a ttue and fair view the Parochial Church Council should follow best practice and.. select suitable accounting wlicies and apply them consistently; b} rnake judgements and estimates that are reasonable and prudent. state whether applicable Accounting SLqndards and Statements of Recommended Practice hav¢ been followe¢ subject to any departures disclosed and explained in the financial slatements: and d) prepare the financial statements on the going concern b&sis unle&s it is inappropriate to &ssume that the Church ￿111 conlinue ils activities. The Parochial Church Council is reS￿nSIble for keeping proper accounting records which disclose. with reasonable accuracy. the financial position of the Church, and which enable them to both &scertain the rinancial position of the Church and ensure that the financial statements comply with applicable regulations. It is also responsible for 5afeguardiDg the assets of the Church and hence for taking reasonable steps for the prevention and detection of frnud and other irregularities. INDEPENDEwf EXAMINERS, REPORT TO THE PAROCHIAL CHURCH COUNCIL OF THE CHURCH OF KING CHARLES THE MARTYR POThERS BAR ON THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022 (AS SET OUT ON PAGES 3-5) Charity Number 1130748 Respective responsibilities of tru5ttts and examiner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is our responsibility to: examine the accounts under section 145 of the Charities Act. follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act. and to state whether particular matters have come to our att¢ntion. Basis of independent ¢xaminers' statement Our examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity 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 trustees 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 &$ to whether the accounts present a 'true and fair, view and the report is limited to those Matte￿ set out in the statement below. Independent examine￿, $thtement In connection ￿ryth our ex8Jnination no material matters have come to our attention which gives us cause to believe that in, any n]aterial respect: accounting records were not kept in accordance with section 130 of the Charities Act or the accounts do not accord with the accounting records. We have come acro&s no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. BRENNAN PEARSON & CO Chartered Accountants 1101112 Lancaster Road New Barnet Herts EN4 8AL 27 March 2023 CHURCH OF KING CHARLES THE MARTYR BALANCE SHEET AS AT 31 DECEMBER 2022 2022 2021 CURRENT ASSETS Bank Current Acounts Barclays Bank Current A/C 15827 15827 15896 15896 Bank D¢ osit Aeeounts Central Board of Finance- Mutton Lane Alc 1462 1462 16380 16380 17289 32276 CBF Investment Fund- Accumulation Shares 144677 159183 CBF UK Equity Fund- Income Shares 21044 165721 37764 196947 NET ASSETS 18 FUNDS CCLA Funds 165721 196947 General Pury)ses Fund 17289 32276 Approved by the Parochial Church Council on 27 March 2023 and signed on its behalf by: Treasurer CHURCH OF KIING CHARLES THE MARTYR STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 DECEMBER 2022 Unrestricted Funds Restricted Total Funds Funds le 31.12.22 Total Funds le 31.12.21 INCOMINC. RESOURCES Grants & donations Fundraising events & appeals Parish hall income Collections Sundries PCC fees Rents & letting income Deposit interest Coronavirus Job Retention Scheme Pay in lieu of cafe Proceeds from sale of CBF income Share 51725 4330 56093 1786 55 3531 13 921 51725 4330 56093 1786 55 3531 13 921 49416 3766 29279 1652 1856 6225 13 1077 2312 7550 7550 i 0000 ioooo Total Incoming Resourc¢s 136(KH 136004 95596 LESS: EXPENDITURE (a) Direct charitable ¢xpenditure: Chalitable giving Vicar's expenses Parish hall expenses Church upkeep (b) Miscellaneous: Parish share 1707 2408 28788 13580 1707 2408 28788 13580 887 2423 25936 10710 66226 66226 65038 112709 112709 104994 (e) Management & administration: Repairs Telephone, p)stsge & ststionery Miscellaneous Realised loss on disposal of CBF Income shares 6396 2192 29694 6396 2192 29694 10567 2007 22280 1511 1511 38282 1511 39793 34854 Total Expenditure 150991 1511 152502 139848 Net (Loss) Unrealised (Loss)IGain- CCLA Total funds - brought forward (14987) (1511) (29715) 196947 (16498) (29715} 229223 (44252) 29418 244057 32276 Totsl ftmds - carried forward 728 18 223 CHURCH OF KING CHARLES THE MARTYR NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 315t DECEMBER 2022 I. ACCOUNTING POLICIES The financial statements have been prepared in ac¢ordanc¢ with applicable accounting standards under the historical cost convention and on the accruals basis. Income Income includes recoverable income tax which has been deducted from payments made to the charity, or which arkses from donations made lo the charkty under th¢ Gift Aid provision. Interest Interest is included on a receivable basis and is shown gross.