## **The Church of St Mary Magdalen, Knighton** ## _**looking back at 2022**_ _**on 23[rd] April 2023**_ ## **Contents** |Introduction – the Rev’d Adrian Jones|3.| |---|---| |Our vision and our objectives|4.| |Worship and Prayer|5.| |Christian Life and Discipleship|6.| |Mission and Evangelism|7.| |Pastoral Care and Congregational Life|8.| |Our buildings: the Church and Parish Centre|9.| |Our “Fabric, Goods and Ornaments”|9.| |Relationships with other churches:|| |The City of Leicester Deanery|9.| |Across denominations|10.| |Summary Review of Finances 2022|11.| |St Mary Magdalen Management Accounts|12.| |for 2022 and budget for 2023|| |Parish Centre Management Accounts|13.| |Giving to Charities 2022|14.| |**Statutory Accounts 2022**|15.| |Financial Overview|16.| |Financial Control Policies|17.| |Risk Management|17.| |Volunteers|17,| |Structure, Governance and Management|17-18.| |Administrative Information|19.| |Statement of Financial Activities|20.| |Balance Sheet|21.| |Analysis of Income and Expenditure|22-23.| |Notes to the accounts|24-28.| |Independent Examiner’s Report|29.| 2 ## **Introduction** _**from the Revd Adrian Jones:**_ Welcome to our Annual Report for 2022, another ‘exceptional’ year as the impacts of the pandemic were sharpened by the war in Ukraine and the subsequent ‘cost-of-living crisis’. The knock-on consequences for the finances of the diocese and of our own church, St Mary’s, are very significant - 2022 saw us just begin to grapple with these. There is no doubt that the Church is being re-shaped. I don’t mean our own building of course, but, rather, the way we see ourselves as the Body of Christ in this local community. Changing circumstances in the world around us and in the society of which we are just one part, are leading us to a whole list of profound questions about ourselves: - What is the local church _for_ ? - How best will we be organised and led as we become fewer? - How best do we worship in a changed culture? - How best do we share the story and person of Jesus? And there are still more questions… In this situation there are three strong temptations. The first is to ignore everything that is happening around us and to plough on regardless, just doing the same things that we’ve always done, in the hope that the issues will somehow go away. The second is to ‘swing into action’ by trying to control everything, looking around us in the world of business, recruitment and management for the latest bright ideas and solutions that will lead us back to a golden age when churches thrived and problems seemed few. The third temptation is to give up hope, to treat change as if it always means decline and failure, and to spend our time and energy in lament and complaint. I’m convinced however, that we should resist all three of these temptations in our church life together. We begin to see an alternative road ahead through a wonderful humorous story that comes to us via the Revd Lucy Winkett, Rector of St James, Piccadilly, writing last year in the Church Times: _“After the agonising events of Holy Week, and then the resurrection appearances, there is Ascension Day and Jesus arrives in heaven. At the gates Michael (Peter hasn’t arrived yet) asks Jesus how it all went, and Jesus says all was as it should have been: “I’ve left Peter and Mary, John, James and another Mary to carry on.”_ _“Sounds good” Michael says, “but obviously you’ve left them with the programme, the strategy, the timelines and budgets to make sure what you did is rolled out and not wasted?” Jesus looks at Michael and says: “I have made no other plans.”_ The story reminds us that the heart of the church, today and in the future, is the people whose lives are touched and changed by Jesus. The number of these people, their style of worship, the purity of their doctrine, the buildings they use and their ‘success’ in the eyes of the world are all much less important than their faithfulness in following the way of Jesus. And, of course, these people are _us_ . We can head into the future with hope and confidence, whatever it holds, if we know that we are being faithful to the example and pattern of Jesus and that we are open to the 3 continuing direction of his Holy Spirit. We do need plans and budgets, but above all let’s work on being _the people of God,_ and the loving quality of our relationships _._ Our Annual Report lays out the many activities of the church over the last year, and I’m deeply grateful to everyone who has helped us sustain our friendly, supportive and faithful community, always looking outwards to the needs of others. Revd Matthew Gough, our curate, now moved to the churches of Anstey, Thurcaston and Cropston, deserves our special gratitude and thanks, as do the Church Wardens and PCC. In 2023, let our life together be shaped by remembering that _“You are the body of Christ, and each one of you is a part of it.”_ (1 Corinthians 12.27) – Jesus has made no other plans. Yours in friendship and Christ’s service _Adrian_ The Rev’d Adrian Jones ## **Our vision and objectives** ## **Our vision:** (John 10.10) ## **Our mission:** St Mary’s has been greatly blessed by God over the years and our mission now is to use and share our blessings to build the Kingdom of God in this time. Together we seek to discover and share life in all its fullness – following the way of Jesus and encouraging others to follow and come to faith in him. ## **Our objectives:** - **to worship God well** - using traditional and new ways, so that everyone can encounter God and grow in faith; (John 4.23-4) - **to explore and follow the way of Jesus -** learning together from the wisdom of the Bible, Christian traditions, and our wider society, and seeking to be led by God’s Spirit. (John 15.1-17) - **to connect better with our community** – to broaden and deepen our connections with all parts of the local community and to help others in need. (Luke 10.25-37) - **to welcome everyone as equally valued -** especially those who often feel left out; (Matthew 25.31-45) - **to share our faith in Jesus with others –** encouraging them to follow and come to faith in him too. (Matthew 28.19-20) 4 **The Parochial Church Council (PCC)** has the responsibility of working together with the ministers to promote the whole mission of the Church: pastoral, evangelistic, social and ecumenical. The PCC is also specifically responsible for the maintenance of the Church building and the Parish Centre of St Mary Magdalen on Church Lane. The PCC is committed to our vision, mission and objectives for this next season in the life of our church. We believe this is our calling as a church and our part in helping to build the Kingdom of God in our neighbourhoods. In particular we want everyone to feel welcome and able to worship with us and to become part of our church community. Our worship and other events together put our Christian faith into practice through prayer and scripture, music and sacrament, service and loving care. ## **Worship and Prayer** The heart of our life together as a church is the worship and prayer that we offer to God and the first of our five objectives for the church, within our vision of _‘Faith for Life’,_ is to **“Worship God well; using traditional and new ways, so that everyone can encounter God and grow in faith.”** As we began 2022, we had been hoping that everything would be back to ‘normal’ after the pandemic – but the concern about the ‘omicron’ variant of the corona virus meant that once again we were asked to wear masks in church, sanitise our hands, respect each other’s space and generally be cautious about mixing. We continued to print weekly readings in the newsletter for those who preferred to stay at home on Sundays. Despite the concerns about Omicron, our weekly and monthly pattern of worship continued, and we were able to re-start midweek Communion on Tuesday, together with Prayer for Healing with Communion on the last Friday of each month. On the fourth Sunday of each month, the children and their carers were invited to join Sunday Club at St Guthlac’s for informal worship and craft activities. Later in the spring we were able to relax Covid precautions, and then in the summer we began once more to offer wine as well as wafers during Communion. Between Epiphany and Lent we used our Sunday morning sermons to focus on _‘Women in the Bible’_ and how much they can teach us about faithful living, even though they are often overlooked characters. In February we also had the opportunity to hear about a recent report presented to our Diocesan Synod, called _“Women: the state of play”._ The report explores how women’s ministry has been received and appreciated in the Diocese of Leicester over recent years, and we heard about the challenges that still remain. During Lent, a new book by Paula Gooder called _‘Women of Holy Week’_ was suggested for reading, and as we approached Easter we held a group discussion of what we had learnt, led by Revd Alison Roche. Early in the first lockdown of 2020 we had begun a service of Compline (Night Prayer) online on Wednesday evenings, and throughout 2022 it proved to be one of the most popular and enduring elements of our worship as well, enabling 20-30 people from both our benefice churches to worship together but from home. Special thanks go to Revd Matthew Gough, Revd Aphro McCullough, Tina Jarvis and James Gutteridge for unstinting work that enabled Compline to flourish. 5 Throughout the year, our worship followed the familiar pattern of the Church calendar, with special services for Mothering Sunday, Ash Wednesday, Maundy Thursday, Good Friday, Easter, Ascension and Pentecost, as well as our patronal festival in July, traditional Harvest Festival, and a Harvest Evensong. There was also a celebratory ‘come and sing’ Evensong to mark HM The Queen’s Platinum Jubilee. Very sadly, later in the year, we also held special services to mark Queen Elizabeth’s death and then funeral, with the church being open for everyone to light candles, pause and pray, and to sign the Book of Condolence. This significant time in our national life naturally eclipsed the Season of Creation, in September/October, but we continued with the theme of thankfulness for the Earth and our responsibility towards its care, as and when it was appropriate. In the latter part of the year we began, as a trial, a series of monthly traditional Evensong services. The intention now is to have further services of Evensong at special times in the church’s year. During Advent, we were able to have a series of evening meditations (weekly, at St Guthlac’s), an evening ‘Advent Pilgrimage’ with special choir pieces on Advent Sunday, Carols around the Christmas Trees, a memorable Christingle service, a traditional Nine Lessons and Carols, an ‘everyone-join-in’ Crib Service, and then Christmas Midnight Communion and the usual celebration on Christmas Day itself. Our local schools were glad to be able to resume their Christmas services and performances in church with parents also invited, for the first time since 2019. Early in the summer, the PCC confirmed the appointment of Michael Relph as our new Choir Director and Co-ordinator of Music, confirming once again the centrality of music to our worshipping life. The impact of Michael’s appointment has been considerable and there are plans for further development of this tradition within the church. We are so grateful to the Ministry Team, our organists, the Band, and the church choir under the direction of Michael, for leading, supporting and enhancing our worship through the year. ## **Christian Life and Discipleship** Our vision of _‘Faith for Life’,_ also includes the aim to “ **Explore and follow the way of Jesus - learning together from the wisdom of the Bible, Christian traditions, and our wider society, and seeking to be led by God’s Spirit.”** Together, our growth in faith continued in 2022, with our sermon series on ‘Women of the Bible’, regular preaching from the lectionary readings by our Ministry Team, and the discussion groups that have been part of Compline. During the year two ‘Pilgrim’ groups ran, helping us explore and revisit some Christian foundations. Our plans to mark Creationtide in the autumn with more themed services and teaching were put on hold however, following Her Majesty’s death. 6 ## **Mission and Evangelism** Within _‘Faith for Life’_ we aim to **“Connect better with our community – to broaden and deepen our connections with all parts of the local community and to help others in need** ”. Our Christmas Tree Festival in December, once again proved to be a tremendous success and a key way in which we connect with our neighbours. More than sixty trees from local groups and organisations were featured, and we welcomed over 1,200 adults and 500 children into the church building during the weekend. A special ‘preview' evening was held for those who might otherwise have been reluctant to come because of crowds and health issues, and after the weekend we also hosted the youngsters from the St Mary’s Preschool. Once again there were very many positive comments from our visitors and we also raised over £4,000, to be shared between the mental health charity LAMP and our own churchyard project, ‘A Place of Peace’. Many thanks to the whole Festival Team, and to everyone who helped out over four days. The ‘Place of Peace’ project, to bring new life to our churchyard as a place of reflection and prayer for all the community, began to take shape in 2022. After much PCC discussion, first plans were drawn up for two areas: the space at the Brinsmead Rd end of the Garden of Remembrance and the open space to the south of the church itself. A consultation with the congregation followed and aspects of the plans were changed as a result. Towards the end of the year we began to firm up a timetable for the work in 2023. Our connections to a wider community continued to be reflected in the generous giving of time and money by church members supporting a range of charities and aid organisations through fundraising events and collections. In total £6,185 was raised for various groups (see details following) and more was given directly, as well as ‘through the books’ of the church. Leicester South Foodbank was supported at Harvest and Christmas – thanks to all those involved. The Parish Magazine continued to be produced and distributed bi-monthly around the parish to subscribers and the congregation, by post and email. It continued to encourage and build up the faith of many through its varied articles on Christian life and world view. We are grateful for the efforts of Editor Nigel Siesage, the contributors and the distributors, who together make this important part of our mission and care possible. Our objective to **“Share our faith in Jesus with others – encouraging them to follow and come to faith in him too”** remains a necessary and significant challenge to us. From ‘the pulpit’ we were encouraged to share news of seasonal and special services with friends and neighbours, and social media continued to be used for publicity too. Our Christmas card/leaflet, sent to all households in the benefice, also included an encouraging and invitational message and several fresh contacts were made as a result. The Vicar visited three local schools regularly to lead assemblies/collective worship. Our regular Sunday Club, for children and young people, continued meeting during the morning service on the second and third Sundays of each month using the Parish Centre as a base, which allows for more games, music, activities and a wifi connection. Numbers attending obviously vary week by week, but there were roughly eight regulars. On the fourth Sunday of each month all families are invited to join the St Guthlac’s café-style Church Club activities. Thank you to everyone who has supported Sunday Club so faithfully, and especially Teresa Bowdry who stepped down as a leader after many years.. 7 In the early part of the spring and summer our drop-in ‘Deli-Café’ outside the church on Wednesday mornings, resumed again, with a dedicated team of helpers led by Revd Matthew Gough. Once again, this proved popular with parents from the school-run and passers-by. As well as coffee and pastries, everyone was invited to join a short service of Celtic Prayer in the church. In June, Church members ran a stall at the Overdale Schools Summer Fete, and in October a ‘Light up the Night’ event at Halloween, provided free story-telling, hot chocolate and biscuits to families out trick-or-treating. ## **Pastoral Care and Congregational Life** **“To welcome everyone as equally valued - especially those who often feel left out”** is the heart of our calling to support and care for each other within the fellowship of the church, but also to look outwards to our neighbours in need. Our popular programme of social and fundraising events continued and included several Coffee Mornings, as well as a very successful afternoon Tea to celebrate Her Majesty’s Platinum Jubilee and a relaxed and musical Christmas Tea in the church. The Mothers’ Union continued to meet, as a ‘Diocesan branch’, with a full programme of meetings with guest speakers, and social events – supporting members and encouraging others. Pastoral care for the whole congregation was shared by the Benefice Ministry Team: Revd Adrian Jones (Vicar), Revd Matthew Gough (Curate), Revd Janet Gasper (retired), Revd Aphro McCullough (retired). Fiona Wingate (Reader) and Cecilia Adjadje (ordinand in training). We are also very grateful to everyone in the congregation who cares for others day by day by visiting, encouragement and simple acts of kindness – which is our shared calling as the body of Christ. Adrian, the Vicar, was able to take advantage of some extended study leave during the spring/summer and returned much rested and restored. Sadly, we then bade farewell to our Curate Matthew, his wife Clare and their girls as Matthew moved to a new role as Vicar of Anstey with Thurcaston and Cropston. We sent them off with a bring-and-share picnic and special gifts to help them remember us. Matthew’s time as our curate was marked by his warm energy, inventiveness and deeply authentic faith, and he’s much missed. The year also saw a number of people stepping down from roles within our church life together: David Stanyer completed many years as our Treasurer and was replaced by Amanda Beck; Linda Billam passed over responsibilities for managing parochial fees to James Gutteridge, our Church Administrator; and the Wardens took on the responsibility for organising sidespeople in our Welcome Team from Sue Ardley. We are so grateful to all these faithful church members for their service over the years. Sadly, a number of dear church members died during the year, and all are greatly missed for their love and friendship, and their contributions to church life and worship. 8 ## **Our buildings: the Church and the Parish Centre** Our life together as a church at St Mary’s – our worship and prayer, our mission and evangelism, our pastoral care and our links into the local community – is supported and strengthened by the buildings that we have inherited. Through its Buildings Group, the PCC manages and cares for both St Mary Magdalen Church and its churchyard, and Knighton Parish Centre. After the restoration and repair work on the spire and tower in 2021, we began to shift our attention to other aspects of our buildings. The parish centre is beginning to show its age and so the PCC initiated a review of options for the future and investment now needed, which it is hoped will produce an action plan in 2023. The Parish Centre remains the most significant way in which the Church serves the local community, by providing a well-used venue for community groups, meetings and social occasions, and in 2022 we began to see regular activities and bookings return. Our Caretaker and Bookings Secretary, Mark Taylor and Steph Bramford, continue to ensure that the Centre remains at the heart of community life in Knighton, and we are very grateful for all they do, with such good humour and flexibility. There are many people from the congregation and beyond who help to care for our building and its contents on an on-going basis: those who help to clean the church and its contents, those who wash linen, the Flower Guild, and all those who provide ‘routine care and maintenance’ and small improvements. We are extremely grateful for these essential gifts of service to us all. Our Church Administrator, James Gutteridge, provided essential support for the running of the church during 2022 from his small office space in the Parish Centre. During the year James took on additional roles and responsibilities, especially relating to finance, and our sincere thanks go to him for all he does ‘behind the scenes’. ## **Our “Fabric, Goods and Ornaments”** The fabric, goods and ornaments of St Mary’s have been maintained in good order in 2022. All valuable items are accounted for and stored securely in the vestry safe. The Church Property Register (previously known as the Terrier and Inventory) provides a record of the land and articles appertaining to the Church and has been updated as required. The Log Book has been used to note alterations, additions and repairs to the fabric of the physical church building. Thanks are due as always to our sacristan, David Ardley, and to Simon Britton and Andrew Oldershaw who do much in relation to the building, and to all those who care for our ‘fabric, goods and ornaments.’ ## **Relationships with other churches: The City of Leicester Deanery** St Mary’s joins with other Anglican churches as part of the City of Leicester Deanery. Each church sends elected representatives to Deanery Synod meetings and clergy gather for Chapter meetings. As usual, there were three Deanery Synod meetings in 2022: _Tuesday 22nd March 2022 – via Zoom only_ A presentation was given by Emily Williams, the Diocesan Disability Advisor. The main theme was ‘What do we mean by Accessible Church?’ Break-out rooms were used to 9 discuss issues on disability in our own churches. Legally, organisations must make “reasonable adjustments” for people with disabilities AND they have an “anticipatory duty” to think ahead etc. Emily then described the Medical and Social models of Disability. THINK: How can your church be changed, physically and otherwise, to accommodate disabled people, if there are barriers to it currently? Revd Tony Leighton, Master of Wyggestons, part of the West Leicester Mission partnership, gave a fascinating insight into life at Wyggestons and the building developments recently completed, as well as their investments. A lot is going on including partnerships with other, similar organisations. ## _Wednesday 6th July 2022 – St. Margaret’s Church_ Florence Gildea, Social Policy Advisor to the Bishop, presented on the Cost of Living Crisis. Churches are trusted in a way that statutory services are not. The worst affected people are the poorest in society. To address this, there are three steps to social action: Being grounded in God’s vision, Assessing the need and Planning how you might deliver. Each part was examined. Philip Leech then presented on Generous Giving - how we finance our Mission and Ministry. There are four principles: Transparency, Trust, Working together and Christ like generosity. The present diocesan financial situation was described and explained, and background given on the current parish contribution system. The Generous Giving team aims to continue building a generous church which includes facilitating the mechanisms and processes for giving, highlighting the impact and importance of giving, and leading on vision, scripture, and discipleship of giving – a key component of the new Minster communities. ## _Thursday 17th November 2022 – Hope Hamilton School_ Revd Liz Rawlings, Diocesan Discipleship and Vocations Enabler presented on Vocations within the church. Isaiah 61 vs 1-4 is central to the team and used as their manifesto. All of us are called by God and to be Ministers of the Gospel. The various different courses and roles within ordained and lay ministry, and the discernment process through it all, were explained and the different dynamics of ministry considered in detail. Questions were taken by Liz from the floor of the meeting. Revd Rob Hinsley gave another fascinating parish update about St. Luke’s and Christ the King Churches, including the challenges of working in that particular benefice. The ties and relationships with schools and other groups in the community were highlighted as well as projects happening around homelessness and foodbanks. (Report provided by Qyan Arnachellum , Administrator, Leicester City Deanery) ## **Relationships with other churches: across denominations** St Mary’s is a member of the South Leicester Christian Partnership (Churches Together). and several of our congregation take part in special events for Christian Aid Week, ‘First Friday Prayers’, the pilgrimage and service for the Week of Prayer for Christian Unity in January, the (Women’s) World Day of Prayer and other meetings through the year. Some members of St Mary’s also worked with members of St Guthlac’s and Stoneygate Baptist Church to provide a regular ‘Messy Church’ at Stoneygate, although this is becoming more of a challenge due to a shortage of volunteer helpers. 10 ## **St MARY MAGDALEN REVIEW OF FINANCES – 2022** ## **FINANCE HEADLINES** _**Giving by church members has still not returned to 2019 levels.**_ _**The deficit in church finances for 2022 was £19,662.**_ _**Our giving still does not cover the running costs of the church.**_ ## _**Energy prices have also had a major impact on our finances.**_ **Knighton PCC management accounts** following show unrestricted income & expenditure, these provide a summary of our day-to-day finances. The statutory accounts show full details including all funds, assets and liabilities. ## **Centre Income & Expenditure:** During 2022 the Centre has returned to full opening, however the pre-school has still not returned to pre-Covid levels and regular and one-off hirers are also less than expected. This has meant that although the Centre income for 2022 of £35,181 was up £8,100 on 2021, compared to the 2019 ‘normal’ year figure of £47,345, income is still very badly affected. Please see the Centre management accounts for more details. ## **Church Income & Expenditure:** **Income:** Regular giving has increased slightly during the year, however other income was down, leading to an increase in total income of about £3,000. Total church income has still not returned to 2019 levels. **Expenditure:** Overall expenditure increased by over a third or £29,000 mainly due to increased church running costs; energy costs quadrupled in the last quarter of the year, cleaning costs rose and repairs to the roof were needed, we also now employ a music director and have increased the Diocese contribution nearer to its pre-Covid level. ## **The PCC deficit before exceptional items was slightly worse than budgeted at** **£24,565.** This was made up of a Centre surplus of £4,215 less a church operating deficit of £28,780. The addition of a small amount of income from exceptional items **resulted in a total PCC deficit of £19,662** which was transferred from reserves. **Total unrestricted reserves** at 31[st] December 2022 were £247,498 **Restricted reserves** at 31[st] December 2022 were: ## • **Churchyard Fund** - £1,000 **Legacies** – £73,880 of legacies received during 2022 were designated to funds which the PCC felt appropriate to the benefactors. **Charitable fund-raising events** in 2022 continued to be affected by Covid restrictions, with funds raised totalling £6,185 **.** ## **Our financial priorities for 2023 are:** - To continue to rebuild church life and income. - To carry out a full review of the Parish Centre - Identify and prioritise future projects **Budget 2023** (part of the PCC management accounts), **Parish Centre Management Accounts,** and **Full Statutory Accounts** follow this report. 11 ## **St Mary Magdalen Management Accounts for 2022 and budget for 2023** |**KNIGHTON PCC - ST MARY'S CHURCH**|**KNIGHTON PCC - ST MARY'S CHURCH**|**KNIGHTON PCC - ST MARY'S CHURCH**|**KNIGHTON PCC - ST MARY'S CHURCH**|**KNIGHTON PCC - ST MARY'S CHURCH**||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |**MANAGEMENT ACCOUNTS AND BUDGET 2023**||||||||||||||| |||||||**Budget**||**Actual**||**Actual**||**Actual**||**Actual**| |**unit £'s**||||||**2023**||**2022**||**2021**||**2020**||**2019**| |||||||**year**||**year**||**year**||**year**||**year**| |**INCOME**||||||||||||||| |GivingScheme||||||48,700||48,699||45,127||46,914||48,901| |Plate collections||||||2,500||2,577||1,236||936||3,918| |Gift aid||||||11,500||11,574||10,589||11,537||12,806| |**Total Regular Giving**||||||62,700||62,850||56,952||59,387||65,625| |||||||||||||||| |Sundrydonations including gift aid||||||2,000||1,479||5,553||3,482||435| |Events & other fund raising||||||2,000||1,306||2,117||261||4,243| |Fees||||||7,000||6,905||5,724||4,215||7,111| |Church hire||||||-||405||-||700||-| |Misc||||||2,000||2,582||1,791||1,127||2,130| |**Total other income**||||||13,000||12,677||15,185||9,785||13,919| |||||||||||||||| |**Total Church income**||||||**75,700**||**75,527**||**72,137**||**69,172**||**79,544**| |||||||||||||||| |**EXPENDITURE**||||||||||||||| |Contribution to Diocese||||||60,200
-||56,000
-||40,000
-||37,030
-||56,800
-| |clergyexes & cover costs||||||1,400
-||1,294
-||1,295
-||1,158
-||1,325
-| |total ministrycosts||||||**61,600**
**-**||**57,294**
**-**||**41,295**
**-**||**38,188**
**-**||**58,125**
**-**| |Worship& outreach costs||||||2,150
-||1,790
-||3,150
-||1,122
-||3,168
-| |Church runningexpenses||||||24,460
-||19,348
-||9,594
-||9,450
-||12,858
-| |Church routine maintenance||||||6,100
-||5,942
-||2,482
-||2,720
-||3,439
-| |||||||||||||||| |Administration||||||19,640
-||20,075
-||20,415
-||18,397
-||18,591
-| |Less -printing/magincome||||||1,300||1,296||1,775||590||1,094| |-|furloughgrant re administrator|||||||-||-||3,469||| |Net costs||||||18,340
-||18,779
-||18,640
-||14,338
-||17,497
-| |Office equipment depreciation||||||1,180
-||1,154
-||314
-||-||-| |||||||||||||||| |**Total routine church costs**||||||**113,830**
**-**||**104,307**
**-**||**75,475**
**-**||**65,818**
**-**||**95,087**
**-**| |||||||||||||||| |**Church operating surplus/ -deficit**||||||**38,130**
**-**||**28,780**
**-**||**3,338**
**-**||**3,354**||**15,543**
**-**| |||||||||||||||| |Centre routine surplus/ -deficit after deprn||||||1,257||4,215||7,511||232
-||14,060| |**Surplus/-deficit before exceptional items**||||||**36,873**
**-**||**24,565**
**-**||**4,173**||**3,122**||**1,483**
**-**| |||||||||||||||| |||||||||||||||| |**Exceptional items**||||||||||||||| |Interest/dividends from reserves||||||3,000||3,035||2,145||4,261||5,044| |Major maintenance - Church||||||-||1,279
-||-||-||878
-| |Major maintenance - Centre||||||||-||1,957
-||-||-| |Insurance claim - income||||||||-||-||2,769||500| |- costs||||||||-||-||2,850
-||-| |Legacies||||||||2,060||||||| |Diocese EnergyGrant||||||||1,087||||||| |||||||3,000||4,903||188||4,180||4,666| |||||||||||||||| |**Total PCC surplus/-deficit moved to reserves**||||||**33,873**
**-**||**19,662**
**-**||**4,361**||**7,302**||**3,183**| |||||||||||||||| |Legacies received and designated||||||-||73,880||17,650||500||500| |||||||||||||||| 12 |**PARISH CENTRE ACCOUNTS**|**PARISH CENTRE ACCOUNTS**|**PARISH CENTRE ACCOUNTS**|**PARISH CENTRE ACCOUNTS**|||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |**MANAGEMENT ACCOUNTS AND BUDGET 2023**||||||||||||||| |||||||||||||||| |||||||||||||||| ||||Comments|||**Budget**||**Actual**||**Actual**||**Actual**||**Actual**| |||||||**2023**||**2022**||**2021**||**2020**||**2019**| |**Income**||||||||||||||| |Hires||||||44,000||35,181||27,046||22,164||47,345| |||||||||||||||| |||||||||||||||| |**Total Lettings**||||||**44,000**||**35,181**||**27,046**||**22,164**||**47,345**| |||||||||||||||| |**Expenditure**||||||||||||||| |contract cleaning||||||||||-||1,788
-||4,752
-| |SB & MT|||Cleaning|||9,000
-||8,304
-||3,091
-||||2,213
-| |Caretaking|||Caretaking|||7,500
-||6,372
-||2,745
-||||6,237
-| |Caretaking|||extra hours(Repairs;callouts)|||200
-||213
-||905
-||15,724
-||821
-| |Lettings management|||basic|||6,000
-||5,771
-||8,463
-||||5,396
-| |Employer costs||(NI/Pension employer)||||1,000
-||1,491
-||1,072
-||||716
-| |||||||||||||||-| |**Totalpay & employer costs**||||||**23,700**
**-**||**22,151**
**-**||**16,276**
**-**||**17,512**
**-**||**20,135**
**-**| |||||||||||||||| |Furloughgrants||||||||-||3,965||8,178||-| |Councilgrant||||||-||2,667||5,000||||-| |**Total Grants**||||||**-**||**2,667**||**8,965**||**8,178**||**-**| |||||||||||||||| |Gas||||||9,000
-||2,372
-||1,840
-||2,573
-||2,252
-| |Electricity||||||3,800
-||2,137
-||1,670
-||1,195
-||1,662
-| |Water||||||900
-||874
-||648
-||774
-||1,052
-| |Insurance||||||1,380
-||1,368
-||1,328
-||1,305
-||1,274
-| |Licences||||||220
-||209
-||176
-||296
-||233
-| |Routine maintenance||||||2,000
-||1,452
-||3,233
-||3,069
-||2,967
-| |**Total running costs**||||||**17,300**
**-**||**8,411**
**-**||**8,895**
**-**||**9,212**
**-**||**9,440**
**-**| |Other costs||||||||||||||| |Cleaningmats,towels etc||||||1,500
-||1,805
-||326
-||1,405
-||1,867
-| |Payroll admin||||||-||293
-||1,207
-||1,188
-||953
-| |Advertising||||||-||-||-||-||-| |Telephone||||||250
-||217
-||204
-||374
-||434
-| |Sundries||||||300
-||-||390
-||50||246
-| |**Sub total other costs**||||||**2,050**
**-**||**2,315**
**-**||**2,127**
**-**||**2,917**
**-**||**3,500**
**-**| |Recharge Other costs to Holbrook at 2019 lettingratio 34%||||||697||787||723||992||1,715| |**Total net other costs**||||||**1,353**
**-**||**1,528**
**-**||**1,404**
**-**||**1,925**
**-**||**1,785**
**-**| |||||||||||||||| |**Total expenditure**||||||**42,353**
**-**||**29,422**
**-**||**17,610**
**-**||**20,471**
**-**||**31,360**
**-**| |||||||||||||||| |**Routine operating surplus/-deficit**||||||**1,647**||**5,758**||**9,436**||**1,693**||**15,985**| |||||||||||||||| |Major maintenance- over £1000||||||||-||1,957
-||-||-| |||||||||||||||| |||||||||||||||| |**Operating surplus/-deficit(excl dep'n/interest)**||||||**1,647**||**5,758**||**7,479**||**1,693**||**15,985**| |||||||||||||||| |Depreciation||||||390
-||1,543
-||1,925
-||1,925
-||1,925
-| |||||||||||||||| |**Total surplus/-deficit**||||||**1,257**||**4,215**||**5,554**||**232**
**-**||**14,060**| |||||||||||||||| 13 **----- Start of picture text -----**
Giving to Charities through Fundraising and Appeals 2022
2022 2021
£ £
Collections:
Christian Aid Christmas Appeal 342 128
Christian Aid Week 798 562
World Vision 512
One Roof Leicester 512
Rainbows Hospice 236
Ukraine Appeal 1,774
Pakistan Flood 25
Grifaid (Water Aid) 83
Other activities supporting charities in the year:
Harvest appeal - 2022 South Leicester Foodbank (Tearfund 2021) 200
Royal Parks marathon - Mothers Union 654
Fairtrade Fortnight 73
Royal British Legion Poppy Appeal 478
Christmas Tree Festival - LAMP 2022 (Headway 2021) 2,277 2,046
Children's Society (Christingle service) 201 168
Swimathon - Marie Curie 455
Marie Curie Lunch 1,839
Leics Historic Churches - Ride and Stride 134
Total charity giving and fund raising 6,185 7,312
During the year we also supported the South Leicester Foodbank
NB: These charity collections are only those organised by the Church or by others on
Church or Centre premises and include gift aid where appropriate.
**----- End of picture text -----**
14 ## **The Church of St Mary Magdalen, Knighton** _**on 23[rd] April 2023**_ 15 ## **Statutory Accounts 2022** ## **Financial review** ## **Comments on the Statement of Financial Activities and analysis of income & expenditure** We have encountered another difficult year in our church finances. The effects of the Covid pandemic have lessened, however the cost of living crisis and high inflation has meant that our expenditure has increased at a much higher rate than our income. We currently have substancial reserves but these will be eroded quickly if this problem is not addressed. ## **Total income and endowments 2022** **Total income in the year** was £201,664 which was £27,862 higher than in 2021, this was mainly due to a generous legacy. - **Total donations and legacies** at £150,747 were £28,386 higher than 2021 due to: - £58,290 increase in legacies – offset by: - £26,124 fall in grants, and - £4,664 reduction in donations and appeals **Total income from fees** was £1,353 higher in the year at £7,077 **Total other trading activities** at £40,770 was £2,801 lower than 2021. This is mostly explained by having no Spire fundraising events in 2022, (2021 figure was £10,550) offset by increases in Centre lettings post Covid of £8,000. ## **Total expenditure 2022** **Total expenditure in the year** was £158,816 which was £60,930 lower than 2021 This is mainly attributed to - £101,448 decrease in Spire Project spending – offset by: - £16,000 increase to restore our contribution to the Diocese - £4,051 increase in church energy and cleaning costs - £2,755 increase in routine maintenance - £3,885 increase in churchyard routine and major maintenance - £5,700 increase in musician fees - £6,371 deposit for a new church sound system - £5,500 increase in centre costs ## **Net income /(expenditure) for 2022 was £41,828** **Gains/losses on investment assets** – Losses on investments total £10,822. ## **Unrestricted Reserves Policy** The PCC reserve policy for 2022 is: 1) To hold an operational reserve equal to: working capital, 3 months of routine operating costs and employee notice periods. 16 2) To hold building maintenance reserve totalling £75,000 for maintenance of the Church and Parish Centre. As all major building maintenance projects are authorised by the PCC from total reserves, only a reasonable level of funds will be held in the Centre bank account as working capital with excesses transferred to PCC main bank account enabling efficient investment. - 3) To review the policy and the level of reserves annually. At 31/12/22, the total unrestricted reserves required and held was in accordance with the current policy. ## **Financial control policies** Management accounts and budgets are produced during the year to manage and control finances. All Groups/committees have clear guidance on their delegated authority and when they must refer to the Standing Committee or PCC for approval. The Building Group, who are responsible for maintenance of all buildings and the churchyard, have authority to spend up to £2,000 on individual items of major maintenance or capital above which they are require to obtain approval of the Standing Committee or PCC. ## **Risk management** The PCC manages risk through a number of mechanisms including the following specific policies and practices: - Children and vulnerable adults – adoption and annual review of diocesan templates. - • Charitable giving policy. - Health and safety – a H&S policy, including fire risk assessment, routine inspection and testing of high-risk items, monthly safety inspections of Church and Parish Centre and appointment of a Church Architect. - Decision making – clearly defined committees/groups for management and delegation. - Parish Centre and Church hire policies. - Finance – clear control policies with regular review of management accounts, budgets and investments. ## **Volunteers** Thanks are due to all volunteers who work so hard to make our church the lively and vibrant community it is. ## **Structure, governance and management** The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure and is a Registered Charity. The method of appointment of PCC members is set out in the Church Representation Rules. At St Mary Magdalen, the membership of the PCC consists of the incumbent (the vicar), churchwardens, the assistant curate, representatives on the Deanery and Diocesan Synods and members elected by those members of the congregation who are on the electoral roll of the church. All those who attend our services are encouraged to register on the Electoral Roll and stand for election to the PCC The PCC members are responsible for making decisions on all matters of general concern and importance to the parish including deciding on how funds of the PCC are to be spent. New members receive training into the workings of the PCC. 17 Given its wide responsibilities, the PCC has a number of committees and groups, each dealing with a particular aspect of parish life. These committees and groups, which include Social & fundraising, Giving, Worship & Outreach Development and Buildings, in addition to the statutory Standing Committee, are all responsible to the PCC and report back to it regularly, minutes of their decisions being received by the full PCC and discussed as necessary. Detailed terms of reference and a scheme of delegation have been operating during the year. Report approved by the PCC on 28[th] March 2023 and signed on their behalf by the Revd Adrian Jones (PCC Chairperson) 18 ## **Administrative Information** St Mary Magdalen's Church is situated in Brinsmead Road, Knighton, Leicester LE2 3WD. With the Parish of St Guthlac’s, it comprises the Benefice of Knighton in the Diocese of Leicester, within the Church of England. The correspondence address is The Parish Office, Knighton Parish Centre, Church Lane, Knighton, Leicester LE2 3WG. Registered charity number 1130923. PCC members who served during 2022 are: ## **Ex Officio members:** Incumbent: The Revd Adrian Jones (Chair) Assistant The Revd Matthew Gough (until July 2022) Curate: Wardens: Mrs Beryl Bonfield Ms Sian Howard (Vice Chair) ## **Elected members:** Mr Bob Rutland representative on Deanery (until April 2022) Synod Mr David Stanyer representative on Deanery (until APCM 2022) Synod (Treasurer) Mrs Lorna Pollard representative on Deanery (September 2022 to Synod APCM 2025) Mrs Beryl representative on Deanery (to APCM 2025) Bonfield Synod Vacancy representative on Deanery (to APCM 2025) Synod Ms Kate Adams (from APCM 2022 to 25) Mr Joshua Crick (until April 2022) de Boom Mr Michael Kirk (to APCM 2022) Mr Andrew Oldershaw (to APCM 2022) Mr David Palmer (from APCM 2020 to 23) Mrs Lorna Pollard (until Sept 2022) Mrs Judith Rudd (from APCM 2020 to 23) Mr Nigel Siesage (from APCM 2022 to 25) Mrs Ida Stanyer (APCM 2021 to 2024) Vacancy x3 ## **Co-opted members** Mrs Amanda Beck (from APCM 2021) 19 ## **Knighton PCC** ## **Statement of Financial Activities** ## **For the period from 01 January 2022 until 31 December 2022** ||**unrestricted**|**designated**|**restricted**|**endowment**|**Total Prior year**|**Total Prior year**| |---|---|---|---|---|---|---| ||**funds**|**funds**
|**funds**|**funds**
|**funds**|**total funds**| |**_Income and endowments from:_**||||||| |Donations and legacies|70,146|80,601|—|—|150,747|122,361| |Income from charitable activities|6,905|172|—|—|7,077|5,724| |Other trading activities|40,770|—|—|—|40,770|43,571| |Investments|3,035|14|—|—|3,049|2,146| |**Total income and endowments from:**|**120,856**|**80,788**|**—**|**—**|**201,644**|**173,802**| |**_Expenditure on:_**||||||| |Raising funds|99|—|—|—|99|101| |Expenditure on charitable activities|140,419|15,147|4,149|—|159,716|220,645| |**Total expenditure on:**|**140,519**|**15,147**|**4,149**|**—**|**159,816**|**220,746**| |**Net income / (expenditure)**|**(19,662)**|**65,640**|**(4,149)**|**—**|**41,828**|**(46,943)**| |||||||| |**_Transfers_**||||||| |Gross transfers between funds - in|80,510|107,250|593|—|188,354|38,155| |Gross transfers between funds - out|(80,644)|(107,710)|—|—|(188,354)|(38,155)| |**Net income / (expenditure)**|**(19,796)**|**65,180**|**(3,555)**|**—**|**41,828**|**(46,943)**| |**_Other recognised gains / losses_**||||||| |Gains / losses on investment assets|(10,822)|—|—|—|(10,822)|11,026| |**Net movement in funds**|**(30,618)**|**65,180**|**(3,555)**|**—**|**31,006**|**(35,917)**| |**_Reconciliation of funds_**||||||| |**Total funds brought forward**|**742,412**|**23,451**|**4,559**|**—**|**770,423**|**806,340**| |**Total funds carried forward**|**711,793**|**88,632**|**1,003**|**—**|**801,429**|**770,423**| |**_Represented by_**||||||| |Unrestricted||||||| |General fund|711,793|—|—|—|711,793|742,412| |Designated||||||| |Choir Fund|—|172|—|—|172|172| |Christmas Tree Festival|—|4,555|—|—|4,555|4,093| |Flower Guild|—|217|—|—|217|247| |Friends of St Mary Magdalen|—|39,353|—|—|39,353|16,724| |Music and Worship Fund|—|2,213|—|—|2,213|2,213| |Parish Centre Fund|—|24,490|—|—|24,490|—| |Sound System Fund|—|17,628|—|—|17,628|—| |Restricted||||||| |Building Appeal Fund|—|—|1|—|1|1| |Churchyard Fund|—|—|1,000|—|1,000|1,000| |Education & Training Fund|—|—|1|—|1|1| |Fabric Fund|—|—|0|—|0|0| |Spire Fund|—|—|—|—|—|3,555| |Vestments and altar covers|—|—|0|—|0|0| 20 ## Knighton PCC ## Balance sheet (Summary) ## As at: 31 December 2022 |

------------------------------------------------------------------------------------------------------
**Fixed assets**
Tangible assets
**Current assets**
Debtors
Investments
Cash at bank and in hand
**Liabilities**
Creditors: Amounts falling due in one year
**Net current assets less current liabilities**
**Total assets less current liabilities**
**Total net assets less liabilities**
**Represented by**
**Unrestricted**
Unrestricted - General fund
**Designated**
Designated - Christmas Tree Festival
Designated - Parish Centre Fund
Designated - Choir Fund
Designated - Flower Guild
Designated - Friends of St Mary Magdalen
Designated - Music and Worship Fund
Designated - Sound System Fund
Designated - Spire Fund
**Restricted**
Restricted - Building Appeal Fund
Restricted - Churchyard Fund
Restricted - Fabric Fund
Restricted - Restricted
Restricted - Vestments and altar covers
Restricted - Spire Fund
Restricted - Education & Training Fund
Restricted - Agency collection
**Funds of the church**|As at 31/12/2022
£
---------------------------
552,928
552,928
8,541
72,110
170,697
251,350
2,849
**248,500**
**801,429**
**801,429**
711,793
4,555
24,490
172
217
39,353
2,213
17,628
—
1
1,000
0
—
0
—
1
—
**801,429**|As at 31/12/2021
£
----------------------
555,116
555,116
5,012
82,932
128,897
216,843
1,536
**215,306**
**770,423**
**770,423**
742,412
4,093
—
172
247
16,724
2,213
—
—
1
1,000
0
—
0
3,555
1
—
**770,423**| |---|---|---| 21 ## Knighton PCC ## Analysis of income and expenditure Selected period: 01 January 2022 to 31 December 2022 |

|Total
Unrestricted Designated Restricted Endowment This year Last year
---------------------------------------------------------------------------------------------------------------------------------------------------------
**Income and endowments**
**_Donations and legacies_**
0101 - Giving gift-aided - bank
36,677
—
—
—
36,677
32,147
0105 - Giving gift aided - cheques
—
—
—
—
—
300
0110 - Giving gift-aided - envelopes
4,893
—
—
—
4,893
6,474
0115 - Contactless - donations
89
—
—
—
89
4,379
0116 - Friends of Knighton Church
—
4,761
—
—
4,761
4,183
0201 - Giving - not gift aided
7,129
—
—
—
7,129
6,206
0301 - Loose plate collections
2,577
—
—
—
2,577
1,236
0550 - Donations appeals etc
1,338
60
—
—
1,398
6,062
0601 - Tax recovered-gift aided giving
10,325
22
—
—
10,347
10,493
0602 - Tax recovered-gift aided dons.
52
—
—
—
52
705
0603 - Tax recovered-small dons. sch.
1,249
—
—
—
1,249
766
0701 - Legacies
2,060
73,880
—
—
75,940
17,650
08A1 - Non-recurring one-off grants
3,754
1,877
—
—
5,631
27,790
08A2 - non-recurring furlough grants
—
—
—
—
—
3,965
**_Donations and legacies Totals_**
70,146
80,601
—
—
150,747
122,361
**_Income from charitable activities_**
1101 - Fees - weddings and funerals
6,905
172
—
—
7,077
5,724
**_Income from charitable activities_**
6,905
172
—
—
7,077
5,724
**_Totals_**
**_Other trading activities_**
0910 - Social & fund raising events
1,306
—
—
—
1,306
2,117
0912 - miscellaneous income
2,292
—
—
—
2,292
2,081
0915 - Spire Fund - fund raising events
—
—
—
—
—
10,550
1240 - Centre lettings
35,180
—
—
—
35,180
27,045
1241 - Church lettings
405
—
—
—
405
—
1260 - Parish magazine sales
290
—
—
—
290
396
1261 - Printing re-charges
1,295
—
—
—
1,295
1,379
**_Other trading activities Totals_**
40,770
—
—
—
40,770
43,571
**_Investments_**
1001 - Dividends
1,574
—
—
—
1,574
2,041
1020 - Bank & building soc. interest
1,460
14
—
—
1,474
105
**_Investments Totals_**
3,035
14
—
—
3,049
2,146
**Income and endowments**
120,856
80,788
—
—
201,644
173,802
**Grand totals**|Total
Unrestricted Designated Restricted Endowment This year Last year
---------------------------------------------------------------------------------------------------------------------------------------------------------
**Income and endowments**
**_Donations and legacies_**
0101 - Giving gift-aided - bank
36,677
—
—
—
36,677
32,147
0105 - Giving gift aided - cheques
—
—
—
—
—
300
0110 - Giving gift-aided - envelopes
4,893
—
—
—
4,893
6,474
0115 - Contactless - donations
89
—
—
—
89
4,379
0116 - Friends of Knighton Church
—
4,761
—
—
4,761
4,183
0201 - Giving - not gift aided
7,129
—
—
—
7,129
6,206
0301 - Loose plate collections
2,577
—
—
—
2,577
1,236
0550 - Donations appeals etc
1,338
60
—
—
1,398
6,062
0601 - Tax recovered-gift aided giving
10,325
22
—
—
10,347
10,493
0602 - Tax recovered-gift aided dons.
52
—
—
—
52
705
0603 - Tax recovered-small dons. sch.
1,249
—
—
—
1,249
766
0701 - Legacies
2,060
73,880
—
—
75,940
17,650
08A1 - Non-recurring one-off grants
3,754
1,877
—
—
5,631
27,790
08A2 - non-recurring furlough grants
—
—
—
—
—
3,965
**_Donations and legacies Totals_**
70,146
80,601
—
—
150,747
122,361
**_Income from charitable activities_**
1101 - Fees - weddings and funerals
6,905
172
—
—
7,077
5,724
**_Income from charitable activities_**
6,905
172
—
—
7,077
5,724
**_Totals_**
**_Other trading activities_**
0910 - Social & fund raising events
1,306
—
—
—
1,306
2,117
0912 - miscellaneous income
2,292
—
—
—
2,292
2,081
0915 - Spire Fund - fund raising events
—
—
—
—
—
10,550
1240 - Centre lettings
35,180
—
—
—
35,180
27,045
1241 - Church lettings
405
—
—
—
405
—
1260 - Parish magazine sales
290
—
—
—
290
396
1261 - Printing re-charges
1,295
—
—
—
1,295
1,379
**_Other trading activities Totals_**
40,770
—
—
—
40,770
43,571
**_Investments_**
1001 - Dividends
1,574
—
—
—
1,574
2,041
1020 - Bank & building soc. interest
1,460
14
—
—
1,474
105
**_Investments Totals_**
3,035
14
—
—
3,049
2,146
**Income and endowments**
120,856
80,788
—
—
201,644
173,802
**Grand totals**| |---|---|---| |||40,770
—
—
—
40,770
43,571
1,574
—
—
—
1,574
2,041
1,460
14
—
—
1,474
105| |||3,035
14
—
—
3,049
2,146| |||120,856
80,788
—
—
201,644
173,802| ||**Expenditure**
**_Raising funds_**
1720 - Costs of Giving Scheme
**_Raising funds Totals_**|99
—
—
—
99
101| |||99
—
—
—
99
101| 22 Total ||Unrestricted|Designated|Restricted|Endowment|This year|Last year| |---|---|---|---|---|---|---| |----------------------------------------------------------------------------------------------------------------------------------------------------------||||||| |**_Expenditure on charitable activities_**||||||| |1871 - Charitable giving|—|2,046|—|—|2,046|—| |1910 - Contribution to Diocese|56,000|—|—|—|56,000|40,000| |2050 - Salary of parish administrator|12,401|—|—|—|12,401|12,042| |2060 - Muscian fees|6,803|—|—|—|6,803|1,196| |2101 - Expenses of incumbent|611|—|—|—|611|436| |2102 - Curate's expenses|682|—|—|—|682|859| |2201 - Mission outreach|1,789|1,323|—|—|3,113|4,214| |2301 - Church insurances|4,578|—|—|—|4,578|4,445| |2330 - Church routine maintenance|4,573|—|—|—|4,573|1,818| |2331 - Church cleaning|1,464|—|—|—|1,464|—| |2340 - Sacristry costs|372|—|—|—|372|205| |2341 - Other music costs|340|236|—|—|577|586| |2350 - Churchyard maintenance|1,369|725|—|—|2,094|1,264| |2360 - Administration costs|7,574|—|—|—|7,574|8,271| |2401 - Church electricity|1,060|—|—|—|1,060|618| |2410 - Church gas|4,608|—|—|—|4,608|2,479| |2420 - Church water|122|—|—|—|122|106| |2520 - Centre wages|22,150|—|—|—|22,150|16,276| |2530 - Centre electricity|2,136|—|—|—|2,136|1,669| |2540 - Centre gas|2,371|—|—|—|2,371|1,839| |2550 - Centre insurance|1,367|—|—|—|1,367|1,328| |2560 - Centre routine maintenance|1,452|1,390|—|—|2,842|3,233| |2570 - Centre licences|208|—|—|—|208|176| |2580 - Centre water|874|—|—|—|874|647| |2590 - Centre other costs|1,527|—|—|—|1,527|1,404| |2701 - Church major maintenance|1,092|6,371|—|—|7,463|—| |2702 - Churchyard major maintenance|—|3,055|—|—|3,055|5,541| |2801 - Centre major maintenance|—|—|—|—|—|1,957| |2815 - Spire Fund - - major|187|—|4,149|—|4,336|105,784| |maintenance||||||| |3000 - Depreciation - Church & office|1,154|—|—|—|1,154|314| |3001 - Depreciation - Centre|1,543|—|—|—|1,543|1,925| |**_Expenditure on charitable_**|140,419|15,147|4,149|—|159,716|220,645| |**_activities Totals_**||||||| |**Expenditure Grand totals**|140,519|15,147|4,149|—|159,816|220,746| 23 ||**THESE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**|**THESE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**|**THESE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**|**THESE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**|**THESE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**|**THESE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**|**THESE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**|**THESE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**|**THESE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**|**THESE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**|**THESE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**|**THESE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**|**THESE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**|**THESE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**|**THESE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**|| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||**FORM PART OF THE ACCOUNTS**|||||||||||||||| |||||||||||||||||| ||**1 Detailed Schedule of ASSETS AND LIABILITIES**|||||||||||||||| |||||||||||||||||| ||**FIXED ASSETS**|||||||||||||||| |||||||||||||||||| ||**TANGIBLE ASSETS**||**Freehold land**|||**and**|**buildings**||||**Other**|||**Total**||| ||||||||**1**|||**2**|||**3**|||| ||**GROSS BOOK VALUE**|At 31 December 2021|||||£316,152|||£231,424|||£43,841|£591,417||| |||Additions|||||£0|||£0|||£509|£509||| |||Disposals|||||||||||-£850|-£850||| |||At 31 December 2022|||||£316,152|||£231,424|||£43,500|£591,076||| ||**DEPRECIATION**|At 31 December 2021|||||£0|||£0|||£36,301|£36,301||| |||Disposals|||||£0|||£0|||-£850|-£850||| |||Charge foryear|||||£0|||£0|||£2,697|£2,697||| |||At 31 December 2022|||||£0|||£0|||£38,148|£38,148||| |||||||||||||||||| ||**NET BOOK VALUE**|**At 31 December 2022**|||||**£316,152**|||**£231,424**|||**£5,352**|**£552,928**||| |||||||||||||||||| ||_1 _|_Parish Centre, Brinsmead Road_|||_3 _|_Fixt_|_ures and fittings in the Centre a_||||||_nd office_|||| ||_2 _|_Holbrook Hall, Holbrook Road_||||||||||||||| |||||||||||||||||| ||**_Thegross book value of the land and buildings_**_included in the accounts is as estima_|||||_ted for insurancepurposes at 1 October 1998 ._||||||||||| ||_The estimated insurance valuations at 28/09/22 are: Centre - £994k; Holbrook Hall - £608_|||||_k_||||||||||| |||||||||||||||||| ||**CURRENT ASSETS**|||||||||||||||| |||||||||||||**2**|**022**|**2**|**021**|| |||||||**Unr**|**e**|**stricted**|**Restricted**|||**T**|**otal**|**T**|**otal**|| ||**DEBTORS**|||||||||||||||| ||Interest /dividend accrued|||||||£0|||||£0||£0|| ||Prepayment|||||||£537|||||£537||£482|| ||Sundries|||||||£4,816|||||£4,816||£1,817|| ||Gift Aid due|||||||£3,188|||||£3,188||£2,714|| ||**Total debtors**|||||||**£8,541**|**£0**||||**£8,541**||**£5,013**|| |||||||||||||||||| ||**INVESTMENTS**|||**Use**||||||||||||| |||||||||||||||||| ||CCLA Church of England Investment fund- units 1487|||General reserve||||£32,774|||||£32,774||£37,175|| ||CCLA Church of EnglandGlobal Investment fund- units 1493|||General reserve||||£39,337|||||£39,337||£45,758|| ||**Total investments**|||||||**£72,111**|||||**£72,111**||**£82,933**|| |||||||||||||||||| ||**CASH AT BANK AND IN HAND**|||||||||||||||| ||**Account**|||||||||||||||| ||Lloyds/TSB DeposIt|||General Reserve||||£1|||||£1||£1|| ||CCLA C of E Deposit|||Education & Training|||||£1||||£1||£1|| ||CCLA C of E Deposit|||General Reserve|||£108,090|||||£108,090|||£50,548|| ||CCLA C of E Deposit|||Specificgrave maintenance|||||£1,000||||£1,000||£1,000|| ||CCLA C of E Deposit|||Fabric Fund|||||£1||||£1||£1|| ||CCLA C of E Deposit|||Buildings Appeal|||||£1||||£1||£1|| ||HSBC Communityaccount|||Choir bank account||||£0|||||£0||£176|| ||HSBC Communityaccount|||Sundayclub bank account||||£0|||||£0||£30|| ||Nat West current account
Social Groupbank account|||||||£824|||||£824||£2,268|| ||Lloyds current account|||Centre bank &pettycash||||£15,456|£0||||£15,456||£29,125|| ||**Total short term deposits**||||||**£124,371**||**£1,003**|||**£125,374**|||**£83,151**|| |||||||||||||||||| ||Barclays deposit account|||Spire/Friends account||||£19,909|£0||||£19,909||£7,740|| ||Barclays current account|||Main bank account||||£25,414|£0||||£25,414||£38,006|| |||||||||**£45,323**|**£0**||||**£45,323**||**£45,746**|| |||||||||||||||||| |||||||||||||||||| ||**Total cash at bank and in hand**||||||**£169,694**||**£1,003**|||**£170,697**||**£128,897**||| |||||||||||||||||| ||**TOTAL CURRENT ASSETS**||||||**£250,346**||**£1,003**|||**£251,349**||**£216,843**||| |||||||||||||||||| |||||||||||||||||| ||**LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||||||||||||||| |||||||||||||||||| ||**Sundry creditors**||||||**£2,848**||**£0**|||**£2,848**||**£1,537**||| |||||||||||||||||| ||**NET CURRENT ASSETS**||||||**£247,498**||**£1,003**|||**£248,501**||**£215,306**||| |||||||||||||||||| |||||||||||||||||| ||**ANALYSIS OF NET ASSETS BY FUND**|||||||||||**2022**||**2021**||| |||||||**Unr**|**estricted**||**Restricted**|||**Total**||**Total**||| ||Tangible fixed assets||||||£552,928||£0|||£552,928||£555,117||| ||Current assets||||||£250,346||£1,003|||£251,349||£216,843||| ||Current liabilities|||||||-£2,848|£0||||-£2,848|-£1,537||| ||**Fund balance**||||||**£800,426**||**£1,003**|||**£801,429**||**£770,423**||| |||||||||||||||||| |||||||||||||||||| ||Note - There maybe minor decrepancies in the totals if thepence are not beingshown|||||||||||||||| |||||||||||||||||| 24 **THESE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 FORM PART OF THE ACCOUNTS continued** ## **1 Assets and Liabilities** See detailed schedule ## **2 Accounting policies** ## **Basis of the financial statements** The financial statements have been prepared under the Church Accounting Regulations 2006 in accordance with applicable accounting standards and the current Statement of Recommended Practice Accounting and Reporting by Charities and applicable accounting standard FRS 102. The financial statements have been prepared under the historical cost convention except for investment assets, which are shown at market value. The financial statements 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 affiliation to another body, nor those that are informal gatherings of church members. ## **Fund accounting** _Endowment funds_ are funds, the capital of which must be retained either permanently or at the PCC's discretion; the income derived from the endowment is to be used either as restricted or unrestricted income funds depending upon the purpose for which the endowment was established in the first place. _Restricted funds_ comprise (a) income from endowments which is to be expended only on the restricted purposes intended by the donor and (b) revenue donations or grants for a specific PCC activity intended by the donor. Where these funds have unspent balances, interest or dividends on their pooled investment is apportioned to the individual funds on an average balance basis. _Unrestricted funds_ are income funds which are to be spent on the PCC's general purposes. _Designated funds_ are general funds set aside by the PCC for use in the future _._ Project funds are designated for particular projects for administration purposes only. Funds designated as invested in fixed assets for the PCC's own use abated in line with assets' annual depreciation charges in the SOFA. Designated funds remain unrestricted and the PCC will move any surplus to other general funds. ## **Income and resources** Planned giving, collections and similar donations are recognised when received. Tax refunds are recognised when the incoming resource to which they relate are received. Grants and legacies are accounted for when the PCC is entitled to the use of the resources, their ultimate receipt is considered reasonably certain and the amounts due are reliably quantifiable. Dividends are accounted for when declared receivable, interest as and when accrued by the payer. All incoming resources are accounted for gross. 25 ## **Resources expended** Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC. The PCC agreed contribution to the Diocese is accounted for when due. All other expenditure is generally recognised when it is incurred and is accounted for gross. ## **Fixed assets** Consecrated and benefice property is not included in the accounts in accordance with s10 (2) (a) and (c) of the Charities Act 2011. Movable church furnishings held by the vicar and churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property and are listed in the church's inventory, which can be inspected (at any reasonable time). These assets should be capitalised as fixtures, fittings and equipment and depreciated. For anything acquired prior to 2002, there is insufficient cost information available and therefore such assets are not valued in the financial statements. Individual assets with a cost of less than £1,000 are not capitalised and are included as expenditure not in the balance sheet. Fixtures, fittings and equipment assets within Church and Centre premises are depreciated on a straight line basis over 10 years. Equipment in the Office is depreciated over 5 years. **3 Staff costs 2022 2021** Office £12,401 £12,042 Parish Centre £22,150 £16,276 The above costs relate to a part-time administrator employed in St Mary’s Office and the share of a part-time letting secretary and caretaker/cleaner employed in St Mary’s Centre. The Centre staff also provide a similar service to St Guthlac PCC for Holbrook Hall and their related costs have been recharged to St Guthlac PCC. ## **4 Payments to PCC members** No payments or expenses were paid to any PCC member or persons closely connected to them or related parties. ## **5 Investments** The agreed policy of the PCC is to maintain a balance between cash and investments, maximise income while not taking undue risks and to invest in ethical investments by using CCLA investments which are managed and operate under the Church of England ethical investment policy. Investments are valued at market value at 31st December and gains and losses are realised when investments are sold.There were no sales or purchases in the year.The existing holdings decreased in value in the year by £10,822. ## **6 Restricted funds** **Churchyard Maintenance, Education & Training, Building Appeal, Fabric,Vestments & Alter Cover Funds** These Fund accounts are retained for future use.There was no movement during the year. Note: Donations are now only accepted for unrestricted general churchyard maintenance and no longer for individual grave maintenance. This can be done by donating to the the Friends of St Mary Magdalen. 26 ## **Spire project** This project is now complete, the contract retention of £3,558 has been paid following satisfactory inspection this year. ## **7 Designated funds** Designated funds are unrestricted funds set aside by the PCC for use in the future for specific purposes. A number of funds have been set up during the year as shown in the statement of financial activities at 31/12/22. The Sound System and Parish Centre Funds were set up to put aside funds for future projects. In line with the PCC legacies policy, certain legacies received were designated to funds which the PCC felt appropriate to the benefactors: Sound System Fund £24,000, Parish Centre Fund £25,887 and Friends of St Mary Magdalen £24,000. The Christmas Tree Festival was again very successful and generated a net surplus of £4,554 which is held in a designated fund at year end, this will be shared equally between the LAMP charity and the Friends of St Mary Magdalen. ## **7 (i) Analysis of designated income and expenditure in the year Income** |Friends of St Mary Magdalen

Legacies & Donations

Non recurring one of grants

Other income

**Expenditure**
Charitable Giving

Mission Outreach
Other Music Costs
Churchyard Maintenance
Centre Routine Maintenance
Church Major Maintenance
Churchyard Major Maintenance
|£4,554 Christmas Tree Festival (CTF) fundraising
£243 Other donations
£73,880 Friends of St Mary Magdalen, Parish
Centre and Sound System fund
£1,877 £1,155 Council grant re CTF & LPWG
balance for spire
£234 Flower Guild fees and Choir Fund
donation
**£80,788**
£2,046 Donation to Headway CTF 2021
£1,323 CTF & Flower Guild costs
£236 Choir fund costs
£725 Place of Peace designs
£1,390 Cottage Room refurbishment
£6,372 Sound system deposit
£3,055 Refurbishment of churchyard benches
£**15,147**| |---|---| ## **7 (ii) Analysis of restricted receipts and payments in the year Income Nil** ## **Expenditure** Spire Fund Major maintenance £4,149 Spire retention including VAT **£4,149** 27 ## **8 Unrestricted reserves** The reviewed and revised PCC unrestricted reserves policy at 31/12/22 is as follows: 1) To hold an operational reserve equal to working capital plus 3 months of routine operating costs and employee notice periods. £75,000 for maintenance of the Church and Parish Centre. As all major building maintenance projects are authorised by the PCC from total reserves, only a reasonable level of funds will be held in the Centre bank account as working capital, with excess transferred to PCC main bank account enabling efficient investment. 3) To review the policy and the level of reserves annually. At 31/12/22, the total unrestricted reserves required in accordance with the policy is £127,800. Actual total unrestricted reserves (general and designated) at 31/12/22 totalled £247,498 ## **Use of unrestricted reserves** Over a number of years, the PCC has had several projects identified to consider, however, the Spire Project has dominated our time and efforts. The PCC are now considering the best use of these funds and have designated some of these reserves for specific projects, there is an ongoing review of proposed other projects. 28 Independent Examiner's Report to the trustees of St Mary Magdalen Church, Knlghton Parochlal Church Councll. I report on the accounts for the year ended 31st December 2022 Respectlve responslbllltles of the Trustees and Independent Examiner As trustees of the charity, the members of the PCC a￿ responsible for the preparation of the accounts. They consider that an audit Is not required for this year under sertion 144(2) of the Charities Art 2011 (the 2011 Att) and that an independent examinatlon Is needed. It 15 my responsibility to.. examine the accounts under section 145 of the 2011 Act. follow the procedures laid down in the General Directions given by tbe Charity Commissioners section 145(5)(b) of the 2011 Att; and • state whether particular matters have come to my attentlon. Basis of Independent Examlner's Statement My examinatlon was carried out in accordance with the General Directions given by the Charity Commisslon. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those record5. It also includes conslderation of any unusual items or disclosures in the accounts, and seeking explanations from the management commlttee Con￿MIng any such matters. The procedures undertaken do not provide all the evidence that would be required in a fijll audlt, and consequently I do not express an audit opinion on the accounts. Independent Examiner's Ststement In connettion with my examination, no matters have come to my attention: l. which give me reasonable cause to believe that in any materlal respert the qulrements to keep accountlng records in accordance with 5.130 of the 2011 Att; or • to p￿pare accounts which accord wlth these accounting records 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. S.A Rankine Cornw Thatch, Bell Lane. Burton Overy. Lelcestershlre. LE8 9DB Dated.. 10th February 2023 PTO ## **Notes and Questions for the PCC** **NB** _for a fuller and more considered answer, please submit your questions in writing to the Chair of the Annual Meeting, Revd Adrian Jones, in advance and by 20[th] April. Thank you._ ## **Questions for YOU…** **Having read the Annual Report, where do you think that God has been most at work in our church life?** What were our strengths in 2022? What did we do well? What do we need to do next, to keep improving in these areas? What can _you_ do to support the church in these areas of our life together? What were our weaknesses in 2022? …where we did _not_ do so well? What do we need to do next, to make some improvements in these areas? What can _you_ do to support the church in these areas of our life together? When we celebrate the birth of the Christian Church on Pentecost Sunday, 28[th] May, which one thing (or more) will you commit to do in the year that lies ahead? ## _**Faith for Life**_ “I have come that they may have life; life in all its fullness” - Jesus (John 10.10)