||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| |0
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C| ## |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|