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2022-12-31-accounts

CONTENTS CONTENTS CONTENTS Page(s)
Annual
Report ofthe		 Parochial Church Council 1-11
Independent
Auditors'		 Report 12 - 14
Statement
of Financial		 Activities 15
Balance Sheet 16
Cash Flow Statement 17
Notes to the Financial Statements 19-30

Unrestricted Restricted Restricted Total Funds Total Funds
Note Funds Funds 2022 2021
6 6, 6
Income and endowments from."
Donations
and legacies
income from charitable		 church activities 569,734
80,083		 200,867
2,131		 770,601
82,214		 814,374
56,531
Other trading
activities		 19,038 19,038 10,474
Investments 4,645 10,570 15,215 7,751
Other income 7,482 7,482 13,926
Total income 680,982 213,568 894,550 903,056
Expenditure
on:
Raising funds 253 13,590 13,843 764
Charitable
church activities		 860,180 820,778 1,680,958 1,153,715
Total expenditure 860,433 834,368 1,694,801 1,154,479
Net Income/(expenditure) before gains
and losses (179,451) (620,800) (800,251) (251,423)
Net gains revaluation 155,000
offixed assets
Net income/(expenditure) (179,451) (620,800) (800,251) (96,423)
Transfers
between funds		 2,981 (2,981)
Net movement
ln Funds		 (176,470) (623,781) (800,251) (96,423)
Total funds brought forward at
1January 2022 1,233,584 9,210,314 10,443,898 10,540,321
Total funds carried forward at
31 December 2022 17/18 f1,057,114 f 8,5&6,533 E 9,643,647 f10,443,898

Unrestricted Unrestricted Restricted Total Funds
Note Funds Funds 2022 2021
E E E E
Fixed Assets
Tangible fixed assets 951,565 951,565 954,190
951,565 951,565 954,190
Current Assets
Stock 12 613 613 533
Debtors 13 25,104 6,194,867 6,219,971 7,217,426
Cash at bank and in hand 14 117,340 2,405,016 2,522,356 2,351,442
Total Current Assets 143,057 8,599,883 8,742,940 9,569,401
Current Liabilities
Creditors: amounts falling
due within one year 15 37,508 13,350 50,858 79,693
Total current liabilities 37,508 13,350 50,858 79,693
Net Current Assets 105,549 8,586,533 8,692,082 9,489,708
Total assets less current liabilities 1,057,114 8,586,533 9,643,647 10,443,898
Net Assets f 1,057,114 E 8,586,533 f 9,643,647 E10,443,898
The funds ofthe charity
Unrestricted general fund 17 746,114 746,114 922,584
Unrestricted revaluation reserve fund 17 311,000 311,000 311,000
Restricted funds 18 8,586,533 8,586,533 9,210,314
Total Charity Funds E 1,057,114 E 8,586,533 E 9,643,647 f10,443,898

2022 2021
Cash flows from operating
activities:
Net income for the reporting
period		 (800,251) (96,423)
Adjusted for:
Depreciation
charges		 2,625 5,838
Dividends
and interest from investments		 (15,215) (7,751)
Revaluation
offixed assets		 (155,000)
Decrease
in stocks		 (80) 105
Decrease/(increase)
in debtors		 997,455 448,926
Increase/(decrease)
in creditors		 (28,835) 40,438
Net cash provided
by operating
activities		 155,699 236,133
Cash flows from investing
activities:
Dividends
and interest from investments		 15,215 7,751
Net cash provided
by investing
activities		 15,215 7,751
Change
in cash and cash equivalents		 in
the reporting
period		 170,914 243,884
Cash and cash equivalents
at the
beginning
ofthe reporting
period		 2,351,442 2,107,558
Cash and cash equivalents
at the end		 of
the reporting
period		 2,522,356 2,351,442
Analysis ofcash and cash equivalents
Cash in hand 351 384
No notice and notice deposits (less than 3 months) 640,243 1,072,450
Notice deposits (more than 3 months) 1,881,762 1,278,608
2,522,356 2,351,442

Unrestricted Unrestricted Unrestricted Restricted TotalFunds TotalFunds
Funds
f		 Funds 2022 2021
2.Donations
and legacies
Planned
giving		 456,681 61,800 518,481 524,070
Tax recoverable 82,603 34,338 116,941 99,559
Collections (open plate) 5,797 5,797
Legacies 500 500 23,474
Pledges received for impact 80,793 80,793
Donations 24,153 23,936 48,089 167,271
F 569,734 F 200,867 F 770,601 E 814,374
In 2021, income
from		 donations and legacies amounting to F650,573 related to unrestricted funds
and
F163,801 related to restricted funds.
3.Income from charitable church activities
Events 66,928 931 67,859 53,289
Other income from church activities 13,155 1,200 14,355 3,242
F 80,083 L
2,131		 F 82,214 E' 56,531
In 2021, income
from		 charitable church activities amounting to F55,049 related to unrestricted funds
and
E1,482 related to restricted funds.
4.Other trading activities
Sales 7,450 7,450 6,316
Hire offacilities 11,558 11,558 4,128
Music 30 30 30
19,038 F F 19,038 F 10,474
In 2021, income from other trading activities amounting
tof10,332related to		 unrestricted
funds		 and f142
related to restricted funds.
5.Investment
income
Dividends
received		 1,179 1,179 1,148
Deposit interest 4,645 9,391 14,036 6,603
F 4645 F 10570 F 15215 F 7,751
6.Other income
Other income 4,982 4,982 9,880
Grants 2,500 2,500
Government grants 4,046
F. 7,482 F F 7,482 F 13,926
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11.Tangible fixed assets
Freehold Land Motor Church
& Buildings
f		 Vehicles Equipment Total
Cost or valuation
At 1 January 2022 950,000 12,850 83,891 1,046,741
Revaluation
At 31 December 2022 950,000 12,850 83,891 1,046,741
Depreciation
At 1 January 2022		 12,850 79,701 92,551
Charge for year 2,625 2,625
At 31 December 2022 12,850 82,326 95,176
Net book value
At 31 December 2022 f 950,000 F f 1,565 F 951,565
At 31 December 2021 f 950,000 f 4,190 F 954,190
The freehold
land and buildings,		 comprising 13Hempland Drive, 28 Langdale Avenue and the Church
Hall were		 revalued
at
4th October 2021 by Stephensons
Estate Agents,		 and are included at their revised market values of f450,000, f210,000
and f290,000 respectively.
Ifthe freehold
property
had not		 been included at valuation, they would have been included under the historical cost
convention
as follows:
2022 2021
Historical cost at 31 December 2022 f 639,000 F 639,000
12.Stock
Bookstall stock and other F 613 F 533
At both 31 December 2022 and 31 December 2021 stock related to the unrestricted
funds.
13.Debtors
Trade debtors 55 30
Income tax recoverable 15,511 8,441
Prepayments
and accrued		 income 24,405 15,430
Accrued income - Church Planting, Post Pandemic and Impact grants within one year 2,348,000 303,525
Accrued income - Church Planting, Post Pandemic & Impact grants more than one year 3,832,000 6,890,000
f 6,219,971 F 7,217,426
At 31 December 2022 f6,194,867 (2021 - f7,196,377) of debtors related to restricted funds, the balance of debtors
related
to the unrestricted
funds.
2022f 2021f
14.Cash at bank and in hand
Bank balances 2,522,005 2,351,058
Cash balances 351 384
f 2,522,356 f 2,351,442

At 31 December 20 21 the PCC had annual
co		 mmitments
und		 er non-cancell able operating
leas		 es as set out bel ow: ow: ow:
2022 2021
Land and Other Land and Other
buildings
f		 items
f		 buildings
f		 items
f
Operating
leases which expire
Under
1year
Within 2to 5 years 7,644 1,315 7,644 1,504
After more than 5years 32,800 32,800
f 40,444 f 1,315 f 40,444 1,504
The following
lease		 payments have been recognised as an expense
in the		 statement
offinancial activities:
2022 2021
Operating
lease		 rentals f 41,759 f 41,948
17.Unrestricted and Designated Funds
Other
Current Year Brought Transfers recognised Carried
forward Incoming Outgoing Between gains and forward
01/01/2022 Resources
f		 Resources
f		 Funds (losses) 31/12/2022
Unrestricted fund - General 922,584 680,982 (860,433) 2,981 746,114
Unrestricted fund - Revaluation Reserve 311,000 311,000
1,233,584 680,982 (860,433) 2,981 1,057,114
Total Unrestricted and Designated Funds f 1,233,584 f 680,982 f (860,433) f 2,981 f 1,057,114
Other
Comparative
Year		 Brought Transfers recognised Carried
forward Incoming Outgoing Between gains and forward
01/01/2021
f		 Resources
f		 Resources
f		 Funds
f		 (losses)
f		 31/12/2021
f
Unrestricted fund - General 953,841 728,522 (761,745) 1,965 922,584
Unrestricted fund - Revaluation Reserve 156,000 155,000 311,000
1,109,841 728,522 (761,745) 1,965 155,000 1,233,584
Total Unrestricted and Designated Funds f 1,109,841 f 728,522 (761,745) f 1,965 f 155,000 f 1,233,584

.Restricted Funds
Current Year Brought Gamed
forward Incoming Outgoing forward
01/01/2022
f		 Resources Resources
f		 Transfers
f		 31/12/2022
f
G2 fund 42,532 90,417 (96,329) 36,620
Acts 435 1,550 (1,550)
Storehouse 1,120 (509) (611)
Bible Fund 32 (32)
Church
Planting
fund		 1,530,000 (135,000) 1,395,000
St Wilfred Ecclesiastical Charity (COIF) 3,336 1,179 (607) 3,908
Evangelism
ofthe North		 161 (161)
Funeral Collections 69 335 (404)
Giving Away Day 6,752 (24) (228) 6,500
Hardship
Fund		 581 (100) 481
Holy Communion 23,474 (277) 23,197
House of Prayer 1,566 127 (124) (1,569)
House of Prayer People 10,000 10,000
Impact Project 6,434,149 113,232 (475,127) 6,072,254
Internship
Bursary		 1,120 1,120
Legacy for Church Silver 311 311
Never Give Up 4,237 510 (1,953) 2,794
One-Off Collections 646 2,728 (3,290) 161 245
Post Pandemic
Fund		 988,009 1,620 (117,132) 872,497
Premises Legacy 154,825 154,825
Music (royalties) 382 382
Shoeboxes 14 14
Sozo Fund 1,051 (255) 796
Stained Glass Maintenance St Michael's Warwick Burton 2,000 2,000
Stained Glass Maintenance St Cuthbert' s Warwick Burton 1,000 1,000
The Comer Youth Outreach 338 (57) 281
Ukrainian
Refugees		 in the UK 1,260 (1,017) 243
Unspecified
but Restricted		 573 (573)
Women's
Ministry		 2,036 611 (582) 2,065
9,210,314 213,568 (834,368) (2,981) 8,586,533

Unrestricted Restricted Restricted Total Funds Total Funds
Funds Funds 2021 2020
Income and endowments from:
Donations
and legacies		 650,573 163,801 814,374 9,136,653
Income from charitable church activities 55,049 1,482 56,531 61,350
Other trading
activities		 10,332 142 10,474 8,198
Investments 1,719 6,032 7,751 12,007
Other income 10,850 3,076 13,926 29,640
Total income 728,523 174,533 903,056 9,247,848
Expenditure
on:
Raising funds 277 487 764 550
Charitable
church activities		 761,468 392,247 1,153,715 1,225,146
Total expenditure 761,745 392,734 1,154,479 1,225,695
Net income/(expenditure) before gains
and losses (33,222) (218,201) (251,423) 8,022,153
Net gains revaluation 155,000 155,000
offixed assets
Net income/(expenditure) 121,778 (218,201) (96,423) 8,022,153
Transfers
between funds		 1,965 (1,965)
Net movement
in Funds		 123,743 (220,166) (96,423) 8,022,153
Total funds brought
forward at
1 January 2021 1,109,841 9,430,480 10,540,321 2,518,169
Total funds carried forward at
31 December 2021 R1,233,584 R 9,210,314 R 10,443,898 R10,540,321