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2022-12-31-accounts

REDLAND PARISH CHURCH

Annual Report and Financial Statements

of the Parochial Church Council

for the year ended 31st December 2022

Charity number: 1131061

Contents

Annual Report of the PCC

Report of the Independent Examiner

Statement of Financial Activities

Balance Sheet as at 31st December 2022

Cashflow Statement for the year ended 31st December 2022

Notes to the Financial Statements

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PAROCHIAL CHURCH COUNCIL OF REDLAND PARISH CHURCH

ANNUAL REPORT OF THE PCC

For the year ended 31st December 2022

OBJECTIVES AND ACTIVITIES

Background

The PCC has the responsibility of co-operating with the incumbent and his ministerial colleagues in promoting in the parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. Rev William Fairbairn is the incumbent vicar with responsibility for running the Parish. He is assisted in this task by the Associate Minister, licenced clergy, lay ministers and students from Trinity College, with additional support provided by the Church Wardens.

Objectives and Activities

The Parish is part of the Diocese of Bristol. The Parish mission Inviting and equipping people to be apprentices of Jesus; being formed by him to be a visible presence of renewal where he has placed

As a parish we have stated values

Our strategy for realising our mission is expressed through the headings: Gather, Join, Pattern (not yet developed) and Relate:

Gather (Get your directions and fuel)

We want to envision and equip people to live as apprentices of Jesus in a post Christian world. We do this primarily through teaching and worship on Sundays, where we actively create space for people to encounter the transformative love of the Father, in the person of Jesus and be renewed by His Spirit.

Join (Join with others in apprenticeship to Jesus)

We are made to live this life together. We want to create contexts where people can form committed, deep relationships with others where we share the journey of apprenticing our lives to Jesus. These should be marked by vulnerability, encouraging us to step more fully into who God has made us to be. Primarily this will be through grow groups and serving others together.

Pattern (Forming rhythms of life that are centred on Jesus)

Our lifestyle determines the people we are becoming. Unless you have a lifestyle that is intentionally revolved around Jesus we will be shaped by the culture and world that we live in. Forming intentional and specific patterns and rhythms of life, both corporately and individually, open us up to the work of Spirit transforming us to be a presence of renewal.

Relate (Engage relationally in love with those where we are placed and called)

Relationship is central to how we outwork our mission. We want to encourage and provide opportunities for people to build relationships with those around them, outside our church family, to share the good news and love of Jesus in word and action, both locally and globally. This includes neighbours, friends, colleagues, those in deprived parts of the city and the world.

The following descriptive statements help guide us in measuring the extent to which the strategy is being effectively realised in the parish:

We know we are achieving our mission when:

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PAROCHIAL CHURCH COUNCIL OF REDLAND PARISH CHURCH

public benefit and, in particular, the specific guidance on charities for the advancement of religion. Through our staff, volunteers and activities, our work seeks to further our mission in line with our strategy through:

Gather :

Join:

Relate:

threatening environment

In addition to our general aims and activities, run to further our mission, we had a specific focus on the following major projects:

  1. Completing the discernment process clarifying vision and direction for us as a Church

  2. Revisioning our small group ministry in the light of our newly clarified vision 3. Attempt to appoint a kids and families pastor and continue to develop our ministry in this area both in terms of discipleship and outreach 4. Review our preschool and its role within the ministry of the church 5. Decide on a permanent venue for the 4pm service

Public Benefit Statement

The PCC takes its responsibilities as a charity very seriously. The church has always contributed a great deal to the community, and will strive to continue to do so. The review of activities undertaken in 2022 set out in this report describes some of the work that Redland Parish Church has undertaken over the last year.

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PAROCHIAL CHURCH COUNCIL OF REDLAND PARISH CHURCH

Achievements and Performance

In reviewing our year, it is worth noting the impact that covid has had on prior years. This year we have been, for almost the whole year, free from restrictions. This has had a significant and positive effect on what we have been able to do. Churches are primarily communal and the ability to gather freely has brought stability and positivity to end a challenging three-year period. This year has thus been one of rebuilding following the pandemic, bedding in changes to worship patterns and growing into a shared sense of who we now are as a church community following the comings and goings of pandemic attendance. Some notable events and highlights have included the following:

Our halls continue to be well used by the local community and were home to our Jubilee Picnic. This was a fun day event run in partnership with other local community organisations to celebrate the Queens Jubilee. We saw around 500 local people across the day come through our doors.

Plans for Future Periods

Changing structures and policy is easy, building a culture is hard and takes time. This maxim shapes how we see the future challenges for our church. We have affected a number of key and substantive changes to our ministry an operations as a church. We have a freshly clarified mission. Going forward the challenge is to embed this mission within our culture and selfunderstanding, developing and sharpening what we do to serve that end. Four areas in particular are worth noting here:

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PAROCHIAL CHURCH COUNCIL OF REDLAND PARISH CHURCH

  1. Apprenticeship to Jesus is a difficult task. To see people shape their lives around this end in a 2023 busy world is not easy as there are many competing demands. Going forward we need to continue to reflect on how we can facilitate a culture that supports, encourages and challenges people on this journey. In particular we will need to reflect upon what areas people need the most equipping in and how we best meet that challenge. One area that has been identified is how we encourage and equip families to be centres of discipleship. We hope in this next year to find and develop a tool to aid families in this task.

  2. In our recent history we have been successful at engaging those of older generations but our engagement with those aged 18-40 has been lacking. This is beginning to shift and going forward we need to build on these initial successes. In particular this will mean investing in and raising up new younger leaders throughout the life of the church.

  3. Following the re-envisioning of our small groups we need to spend time re-envisioning the relate side of our strategy. In particular the ways in which we collectively focus on engaging beyond our church community both locally and globally. 4. into actionable ideas. We view this as a key cornerstone of our strategy and work will need to be done here to bring this into reality.

FINANCIAL REVIEW

The PCC has a duty to ensure accounts are prepared and independently examined, to approve the accounts and present them to the Annual Parochial Church Meeting (APCM). In accounting for our income and expenditure we comply with the requirements of best practice in charity accounting, and also with the requirements of the Charity Commission.

unrestricted income increased by 6%, while unrestricted expenditure increased by 5%.

The church has had four main sources of income: unrestricted giving from members of the congregation, restricted giving for specific purposes, income from use of the halls complex, and income from the Lantern pre-school. Unrestricted giving (regular donations and church collections) is by far the main source of income and has declined gradually since 2019 (7% lower than in the size of the church membership, and real-terms reductions in disposable incomes as salaries have not kept pace with inflation. The drop in regular unrestricted giving was partly mitigated by an outstanding response to the November Gift Day

Restricted giving is mainly for repayment of loans on the Re:new project and for mission partners from the Hope Gift Day in the most years over the last decade. There is an excess balance in the Restricted accounts due to receipt of funds for supporting Ukrainian refugees which has not yet all been spent. The Lantern pre-school was closed during 2022.

The Halls complex is in high demand from a range of community organisations, and income from rentals has grown considerably this year, more than compensating for reductions in regular giving. This is the main reason that our overall income has increased this year.

The Re:new project to upgrade the church halls complex was a major venture in 2016 which required loans from several sources, including the Diocese, the Methodist Chapel Aid Fund and several members of the church who very generously provided interest free loans. Over the last 8 years most of these loans have been repaid thanks to regular designated gifts from repayments due in 2023.

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PAROCHIAL CHURCH COUNCIL OF REDLAND PARISH CHURCH

About a third of our expenditure goes to the Diocese of Bristol. Some of this comes back to us indirectly, since the Diocese supports Will the vicar and Wayne the curate, with the rest being used to support other parishes in the area and the wider work of the Church of England. Our parish reduce the deficits we have experienced in the last two years. We have worked hard to reduce other elements of expenditure, and have made savings in administration costs. However, there were substantial increases in utility costs in both the halls and halls increased substantially in 2022 and rental income increased, so did expenditure, and the profit on halls rentals decreased. We have renegotiated a new fixed rate gas contract with Ecotricity until September 2023, which will reduce the cost of utilities. Electricity remains on a variable contract because fixed rate contracts are currently very expensive, but this will be kept under review.

and abroad. This reduction is partly due to a reduction in the restricted funds received for the Mission Gift Day, partly because we reduced our contribution to Encounter Christianity, and partly because of the retirement of two long-standing partners.

Reserves policy: Reserves are held by the Church to provide for future activities and initiatives which cannot be funded from income in a single year. Reserves are also required to cover unforeseen expenditure. During 2022 the standing committee approved a new policy on the reserves we should maintain. This envisages that we should aim to hold reserves equivalent to our total unrestricted costs over four months (the target level), and that we should maintain an absolute minimum level of reserves to enable us to pay our staff and other essential costs (e.g. utility bills) for a period of 6 months. At the end of 2022 we

We have run deficit budgets for the last two years, but these were exceptional years due to the Covid pandemic coinciding with the changes that inevitably come when developing a renewed vision and strategy. Given that our reserves are below the target level, it is important that we do not continue to run a deficit and instead aim to build a surplus in future years. There are several factors that led to our deficit in 2022 which should not be repeated in 2023. Our expenditure on energy should be lower and more predictable (although we are still exposed to risk if electricity prices spike). We have substantially reduced our parish share contribution. We have made a more cautious assumption about the income arising from the November Gift Day. For all these reasons, we have set a balanced budget for 2023.

One important aim within the church strategy is to appoint a kids and families pastor in order to develop our ministry in this area and encourage more young families to join the church. We have allowed for this appointment in the budget for 2023. However, this relies on an increase of 5.5% in regular giving and a reversal in the current trend of a decline in giving. In addition, over the next few years we need to generate additional funds to build our reserves back to the target level, and to pay off the remaining loans on the halls complex. We are confident that the finances of the church are in a satisfactory state, and we are planning optimistically for growth. However, we will continue to balance this with careful planning and monitoring of income and expenditure to ensure that our plans are financially sustainable.

Management of the church's finances is a team effort. Chris Salisbury took over as Treasurer in May 2022 from Jane Vause. Chris would like to thank Jane, Caroline Dunn and Richard Bacon for their very helpful advice over the last year. He would also like to thank David Clarke who has continued to oversee the repayment of Re:new loans, and Rhiannon Greet who has been a continual source of information and help as we have worked to examine (and where possible reduce) elements of expenditure. Most importantly, thanks are due to our Book-keeper, Wendy Horsfield, who manages all of the day to day work of the church finances, including budgeting, making payments, providing reports, managing Gift Aid claims and preparing these accounts. She manages all of these tasks efficiently and cheerfully and is endlessly patient with a new Treasurer.

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PAROCHIAL CHURCH COUNCIL OF REDLAND PARISH CHURCH

GOVERNANCE

Governing Constitution or Document

The PCC is governed by two pieces of Church of England legislation, called Measures. These are the Parochial Church Council (Powers) Measure 1956) and the Church Representation Rules (contained in Schedule 3 to the Synodical Government Measure 1969 as amended).

Recruitment of Trustees

The method of appointment of PCC members is set out in the Church Representation Rules. The membership of the PCC consists of the incumbent (our vicar), the two churchwardens, and members elected by those members of the congregation who are on the electoral roll of the church or co-opted by the PCC. In addition, ordained clergy who are licensed to the parish are ex officio members of the PCC, as are the elected representatives to Deanery Synod and representatives from the Parish who are Diocesan Synod members. All those who attend our services and are members of the congregation are encouraged to register on the Electoral Roll. All such persons may stand for election to the PCC. Nominations are called for, and persons voted for, at an Annual Parochial Church Meeting (APCM).

Use of volunteers

The PCC employs a number of staff (mostly part-time) but also makes significant use of volunteers to carry out its work. Volunteers are involved in all aspects of the work, including ministry, youth work, education, facilities management and finance and administration.

Policies for induction and training

All staff receive an introduction to the charity, allowing them to develop a good understanding of the requirements of the role and to settle in with confidence. All staff are given appropriate opportunities for developing their skills and knowledge to carry out their role effectively and this is reviewed in Annual Appraisals.

Organisational Structure

The PCC members are responsible for making decisions on all matters of general concern and importance to the parish including deciding on how the funds of the PCC are to be spent. The full PCC met seven times during the year. Given its wide responsibilities, the PCC has a number of committees or groups which meet between full meetings of the PCC, each dealing with a particular aspect of parish life, as detailed below. We have no need for a remuneration committee as the paid clergy are paid on the pay scales as set by the Diocese while the Standing Committee of the PCC, has oversight of the salaries of employees of the church. Of these, only the Associate Minister, remunerated on clergy scales, has a senior management function.

Standing Committee: This is the only committee required by law. It has power to transact the business of the PCC between its meetings.

Ministry Oversight Groups: Each is led by an individual who is either part of, or reporting to, the PCC. The groups are: Wider Partnerships; Local Partnerships; Lantern Preschool Management Committee (until July 2022): Attends to all matters relating to the management of the Lantern Preschool;

Core Team- The core team is a group for the Vicar to consult and discern collaboratively with on matters of vision and high-level strategy. This group has no formal executive of its own and helps shape the decisions of the vicar as well as making recommendations to the PCC.

Management Team- This is a small subset of our wider staff team who meet weekly to decide on issues pertaining to the day to day running of the Church and its ministry.

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PAROCHIAL CHURCH COUNCIL OF REDLAND PARISH CHURCH

Risk Management

The PCC regularly considers and discusses the key risks facing the Church, the controls in place to mitigate them and any action required. Financial Risk is regularly assessed by the Standing Committee.

The PCC takes the issue of safeguarding seriously. All Trustees are required to complete safeguarding training. We aim to fully comply with all legal requirements and diocesan best practice having paid due regard to the House of Bishops Safeguarding Policy and Guidance. During the year, DBS enhanced certificates have continued to be renewed and applied for as required. Safeguarding training has continued online and we continue to seek to improve response from volunteers.

During 2022 we developed a new policy for payments to overseas partners, in line with guidance from the Charity Commission. This policy was approved by the Standing Committee.

The financial risks in connection with our new hall development have been mitigated as the project has been completed and most of the costs raised. The repayment of some of the loans during the year means that the total outstanding has reduced to giving, especially as our income relies upon the continued generosity of committed members of the church.

this support.

LEGAL AND ADMINISTRATIVE INFORMATION

Charity details

Registration number: 1131061

Date of registration: 10 August 2009

Address: Redland Church Halls, Redland Green Road, Redland, Bristol BS6 7HE

Details of Trustees

PCC Members are either ex officio, elected by the Annual Parochial Church meeting (APCM) in accordance with the Church Representation Rules or co-opted by the PCC in accordance with the Church Representation Rules. Elected members normally serve for 3 years but may be re-elected.

The following served as trustees and as members of the PCC during the year:

Vicar and Chair: Rev William Fairbairn (ex-officio) Associate Minister: Revd Steven Faux (ex-officio) Curate: Wayne Cullum (ex-officio)

Churchwardens: Lizzie White, Alan Barr (ex-officio)

Treasurer: Chris Salisbury

Diocesan Synod: David Clarke (ex-officio) & Roy Hussey

Representatives of Deanery Synod: Lizzie White, Clare Nichols.

Co-opted members: Lizzy Brothwood & Edward Powlesland (from January 2022)

Elected members: Rachel Milne, David Gould, Roy Hussey, Vicki Pitts, Chris Swonnell, Natasha Walton, Jane Vause, Chris Salisbury.

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PAROCHIAL CHURCH COUNCIL OF REDLAND PARISH CHURCH

The established management structure of the church is built around the ultimate authority (vested by law) in the Trustee body, namely the Parochial Church Council, which meets at least four times a year. Leadership is vested in the incumbent who is assisted in spiritual matters by the associate minister, the curate (if any) and the licensed ministers. The PCC Standing Committee oversees day to day administration. The only person who has been member of the PCC Standing Committee and is a paid employee was the part time associate minister. (The incumbent (vicar) has a stipend paid by the Diocese of Bristol).

Details of advisors

Banks

CAF Bank, 25 Kings Hill Avenue, Kings Hill, West Malling, Kent ME19 4JQ

Independent Examiner

Joshua Kingston, BSc (Hons) ACA, Burton Sweet Limited, The Clock Tower, 5 Farleigh Court, Old Weston Road, Flax Bourton, Bristol BS48 1UR

Statement of Trustees' responsibilities

The Trustees are responsible for preparing the Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing these financial statements, the Trustees are required to:

The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed/constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the PCC and signed on its behalf by:

The Reverend William Fairbairn, Vicar Chair of the PCC

Date: ......................................2023

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PAROCHIAL CHURCH COUNCIL OF REDLAND PARISH CHURCH

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF REDLAND PARISH CHURCH PCC For the year ended 31st December 2022

I report to the trustees on my examination of the accounts of Redland Parish Church (the Charity) for the year ended 31 December 2022.

Responsibilities and basis of report

As the charity trustees of the Charity you are responsible for the preparation of the accounts in accordance with the

out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Since the gross income exceeded your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Joshua Kingston, ACA Burton Sweet Limited The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1UR

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PAROCHIAL CHURCH COUNCIL OF REDLAND PARISH CHURCH

STATEMENT OF FINANCIAL ACTIVITIES For the year ended 31 December 2022

Note
INCOME FROM:
Donations
2(a)
Charitable Activities
2(b)
Investments
2(c)
TOTAL INCOME
EXPENDITURE ON:
Charitable Activities
-Mission and charitable giving
3(a)
- Ministry
3(b)
- Estates
3(c)
- Administration
3(d)
TOTAL EXPENDITURE
NET INCOME/(EXPENDITURE)
TRANSFERS
Transfer of Funds New Halls
NET MOVEMENT IN FUNDS
BALANCES BROUGHT FORWARD
AT 1 JANUARY
BALANCES CARRIED FORWARD AT
31 DECEMBER
12(a)/13(a)		 Unrestricted
Funds
Restricted
Funds
TOTAL
FUNDS
Unrestricted
Funds
Restricted
Funds
TOTAL
FUNDS
2022
2022
2022
2021
2021
2021
309,575
99,925
409,500
319,120
119,436
438,556
109,681
-
109,681
77,299
-
77,299
1,476
-
1,476
27
19
46
420,732
99,925
520,657
396,446
119,455
515,901
188,210
9,603
197,813
190,948
35,042
225,990
106,221
450
106,671
101,887
1,962
103,849
73,343
5,093
78,436
50,540
2,458
52,998
71,975
-
71,975
73,806
-
73,806
439,749
15,146
454,895
417,181
39,462
456,643
(19,017)
84,779
65,762
(20,735)
79,993
59,258
73,840
(73,840 )
-77,255
(77,255 )
-
54,823
10,939
65,762
56,520
2,738
59,258
930,455
9,620
940,075
873,935
6,882
880,817
985,278
20,559
1,005,837
930,455
9,620
940,075

The Charity has no recognised gains or losses other than the results for the year as set out above.

All of the activities of the Charity are classed as continuing.

The notes on pages 14 to 23 form an integral part of these financial statements.

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PAROCHIAL CHURCH COUNCIL OF REDLAND PARISH CHURCH

BALANCE SHEET
At 31 December 2022
FIXED ASSETS
Note
Tangible Fixed Assets
5(a)
CURRENT ASSETS
Debtors and Prepayments
6
Short-term Deposits
7
Cash at bank and in hand
8
CREDITORS: DUE WITHIN ONE YEAR
9
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
CREDITORS : DUE IN MORE THAN ONE YEAR
10
NET ASSETS
FUNDS
Unrestricted
11
Restricted
11		 2022
985,915
985,915
13,292
112,617
54,641
180,550
(60,628)
119,922
1,105,837
(100,000)
1,005,837
985,278
20,559
1,005,837		 2021
986,829
986,829
10,948
51,176
112,002
174,126
(66,905)
107,221
1,094,050
(153,975)
940,075
930,455
9,620
940,075

The Reverend William Fairbairn, Vicar

The notes on pages 14 to 23 form an integral part of these financial statements.

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PAROCHIAL CHURCH COUNCIL OF REDLAND PARISH CHURCH

Cashflow Statement At 31 December 2022

Net cash inflow from operating activities
Investment Income
Capital expenditure and financial investment:
- Payments for tangible fixed assets
Financing
- Loans repaid
Net cash outflow for the year
NOTES TO THE CASHFLOW STATEMENT
A. Reconciliation of net movement in funds to net cash
inflow from operating activities
SOFA: Net movement in funds
Investment Income
Depreciation
(Decrease)/increase in creditors
Decrease/(increase) in debtors
B. Analysis of changes in cash during the year
Short term deposits
Cash at bank and in Hand
Short term deposits
Cash at bank and in Hand
C. Analysis of changes in net debt
Cash and cash equivalents
Debt due within one year
Debt due after one year		 Notes
A

2022
112,617
54,641
167,258
2021
51,176
112,002
163,178
At 1
January
2022
112,002
(66,905)
(153,975)
(220,880)
(108,878)		 2022
56,579
56,579
1,476
-
58,055
(53,975)
4,080
65,762
(1,476)
914
(6,277)
(2,344)
56,579
2021
51,176
112,002
163,178
2020
51,149
130,322
181,471
At 31
December
2022
54,641
(60,628)
(100,000)
(160,628)
(105,987)		 2021
51,661
51,661
46
-
51,707
(70,000)
(18,293)
59,258
(46)
3,215
(4,803)
(5,963)
51,661
Change
61,441
(57,361)
4,080
Change
27
(18,320)
(18,293)
Change
(57,361)
6,277
53,975
60,252
2,891

D. Cashflow Restrictions

Charity law prohibits the use of net cash inflows on any endowed or other restricted fund to offset net cash outflows on any fund outside its own Objects, except on special authority. In practice, this restriction has not had any effect on cashflows for the year.

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PAROCHIAL CHURCH COUNCIL OF REDLAND PARISH CHURCH

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2022

1 ACCOUNTING POLICIES

BASIS OF PREPARATION

The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019.

The accounts (financial statements) have been prepared to give a and view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a and fair This departure has involved following Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

GOING CONCERN

The financial statements are prepared on the going concern basis. No material uncertainties exist that may cast significant doubt on the ability of the Charity to continue as a going concern, despite the significant uncertainty being caused by the rising cost of living. We have set a conservative budget for 2023 based on recent trends in income and expenditure, and the charity has sufficient reserves to be able to meet potential challenges.

FUNDS

General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted.

Restricted funds are those funds that must be spent on restricted purposes and details of the funds held and restrictions are provided in note 13.

Designated funds are funds set aside by the trustees out of unrestricted general funds for specific future purposes or projects.

The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the financial statements of church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members.

INCOME

Donations - Collections are recognised when received by or on behalf of the PCC. Planned giving receivable under Gift Aid is recognised only when received. Tax recoverable on Gift Aid donations is recognised when the donation is recognised. Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the PCC is probable. Funds raised by events, such as Chat-a-Box and Church weekends away, are accounted for gross. Sales of sundry items such as books are accounted for gross.

EXPENDITURE

Expenditure is included on an accruals basis and is recognised when there is a legal or constructive obligation to pay for expenditure. All costs have been directly attributable to one of the functional categories of resources used in the SOFA. The Church is not registered for VAT and accordingly expenditure is shown gross of irrecoverable VAT.

Grants and other charitable giving are accounted for when paid over, or when awarded and communicated to the recipient, if that award creates a binding obligation on the PCC. The Parish Share is accounted for when payable. Any Share unpaid at 31 December is provided for in these accounts as a constructive obligation (though not a legal liability) and is shown as a creditor in the Balance sheet.

Governance costs include the cost of the Independent Examination of the financial statements, the cost of Trustees meetings and of any legal advice to trustees on governance or constitutional matters. They have been included within support costs.

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PAROCHIAL CHURCH COUNCIL OF REDLAND PARISH CHURCH

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2022 FIXED ASSETS

Freehold Land and Buildings

The church hall complex is shown at the open market value for the existing use. This was professionally valued at in the 2017 year. Property is held in the accounts at valuation and depreciated at nil depreciation. Property is revalued every six years, however trustees review the property annually for impairment and to assess if the value held is considered materially different to market value.

Redland Chapel was not valued or capitalised as the SORP permitted exclusion for inalienable and historic assets where reliable cost information and conventional valuation approaches lack sufficient reliability. Consecrated and benefice property is also excluded from the accounts by s10(2) of the Charities Act 2011. Accordingly, all expenditure incurred during the year on inalienable and historic buildings, whether maintenance or improvement, is written off as expenditure in the Statement of Financial Activities and separately disclosed.

Movable church furnishings held by the vicar and churchwardens on special trust for the PCC and which require a faculty for disposal are accounted for as inalienable property unless consecrated. They are listed in the Church's inventory, which can be inspected at any reasonable time. For inalienable property acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements. Items acquired since 1 January 2000 have been capitalised and depreciated as necessary.

Furniture, Fittings and Equipment

costs.

Depreciation

Depreciation is provided on all tangible fixed assets at rates calculated to write off cost on a straight-line basis over expected useful economic lives as follows, subject to annual review:

Freehold land Nil (considered to have an indefinitely long useful life) Freehold buildings Nil - see above Furniture, fittings & equipment 4 years

Investments

Investments are included at market value at 31st December. The SOFA includes the net gains and losses arising on revaluations and disposals during the year.

CURRENT ASSETS

Amounts owing to the PCC at 31st December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove un-collectable. Short-term deposits include cash held on deposit with the Central Board of Finance of the Church of England.

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any discounts due.

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

LIABILITIES

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any discounts due.

ACCOUNTING ESTIMATES AND ASSUMPTIONS

In the application of the charity's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from those estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both the current and future periods.

Page 15

PAROCHIAL CHURCH COUNCIL OF REDLAND PARISH CHURCH

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2022

2 INCOME

2(a) Income from Donations

Giving
Church Collections
Gift Day
Restricted Giving:
Mission Gift Day
Youth
Redland Chapel Trust		 Unrestricted
Funds
Restricted
Funds
TOTAL FUNDS
Unrestricted
Funds
Restricted Funds
TOTAL FUNDS
2022
2021
267,128
80,267
347,395
289,167
80,441
369,608
3,315
-
3,315
612
-
612
39,132
-
39,132
29,341
-
29,341
- 16,474
16,474
-
31,102
31,102
-
450
450
-
450
450
-
2,734
2,734
-
7,443
7,443
309,575
99,925
409,500
319,120
119,436
438,556

above.

2 INCOME (continued)

2(b) Income from Charitable Activities

Church Hall Rentals
Church Fees
Lantern Preschool
Church Events
Chat a Box
Youth
Solar Income
Miscellaneous		 Unrestricted
Funds
Restricted
Funds
TOTAL FUNDS
Unrestricted
Funds
Restricted Funds
TOTAL FUNDS
2022
2021
53,044
-
53,044
28,428
-
28,428
725
-
725
402
-
402
38,686
-
38,686
40,332
-
40,332
4,139
-
4,139
1,757
-
1,757
3,192
-
3,192
-
-
-
1,170
-
1,170
-
-
-
881
-
881
867
-
867
7,844
-
7,844
5,513
-
5,513
109,681
-
109,681
77,299
-
77,299

2(c) Income from Investments

Current Accounts - CAF
Savings Accounts - CBF
Savings Accounts - Skipton		 Unrestricted
Funds
Restricted
Funds
TOTAL FUNDS
Unrestricted
Funds
Restricted Funds
TOTAL FUNDS
2022
2021
34
-34-
-
-
1,442
-1,44227 -
27
-
-
-
- 19
19
1,476
- 1,47627 19 46

Page 16

PAROCHIAL CHURCH COUNCIL OF REDLAND PARISH CHURCH

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2022

3 EXPENDITURE ON CHARITABLE ACTIVITIES

3(a) Mission and charitable giving

Our Diocese
Parish Share
Church Overseas
Glenys Goulstone/OMF
Goulds/OMF
Shayi/ICBM
Chilongani
Mwihambi
Rossingtons/AIM
Charles Mwihambi (Mission
Gift Day)
Chilongani (Mission Gift Day)
Home Mission
Church Pastoral Aid Society
In Hope
The Bible Society
Bristol Churches City Fund
(Mission Gift Day)
Bristol Hospitality Network
(Mission Gift Day)
Bridges for Communities
(Mission Gift Day)
Ukraine Support Fund
Sixty One
Home for Good
Encounter Christianity
Climate Stewards
Other
Total Mission and Charitable Giving
3(b) Ministry
Staff team
Associate Vicar
Youth Ministry
Expenses, Books, Travel &
Technology
Other sundry expenses
Lantern
Salaries
Other Costs		 Unrestricted
Funds
Restricted
Funds
TOTAL FUNDS
Unrestricted
Funds
Restricted Funds
TOTAL FUNDS
2022
2021
143,500
-
143,500
140,000
-
140,000
7,200
-
7,200
7,200
-
7,200
-
-
-
-
94
94
-
80
80
-
944
944
7,200
-
7,200
7,200
-
7,200
2,500
938
3,438
2,500
1,250
3,750
7,200
-
7,200
7,200
-
7,200
- --
- 8,276
8,276
- --
- 12,344
12,344
24,100
1,018
25,118
24,100
22,908
47,008
Unrestricted
Funds
Restricted
Funds
TOTAL FUNDS
Unrestricted
Funds
Restricted Funds
TOTAL FUNDS
2022
2021
1,000
-
1,000
1,000
-
1,000
3,400
-
3,400
3,400
-
3,400
2,000
-
2,000
2,000
-
2,000
-
-
-
- 10,482
10,482

- 3,237
3,237
-
-
-

- 3,237
3,237
-
-
-
- 550
550
-
-
-
- 780
780
- 1,652
1,652
- 781
781
-
-
-
14,000 -
14,000
20,000
-
20,000
-
-
-
448
-
448
210
-
210
-
-
20,610
8,585
29,195
26,848
12,134
38,982
188,210
9,603
197,813
190,948
35,042
225,990
Unrestricted
Funds
Restricted
Funds
TOTAL FUNDS
Unrestricted
Funds
Restricted Funds
TOTAL FUNDS
2022
2021
20,811
-
20,811
20,173
-
20,173
27,251
450
27,701
26,387
450
26,837
945
-
945
851
-
851
761
-
761
-
-
-
49,768
450
50,218
47,411
450
47,861
40,962
-
40,962
44,893
-
44,893
1,825
-
1,825
3,074
-
3,074
42,787
-
42,787
47,967
-
47,967

Page 17

PAROCHIAL CHURCH COUNCIL OF REDLAND PARISH CHURCH

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2022

3(b) Ministry (continued)
Unrestricted
Funds		 Restricted
Funds		 TOTAL FUNDS Unrestricted
Funds		 Restricted Funds TOTAL FUNDS
Children and young people 2022 2021
Youth Work 531 - 531 1,684 - 1,684
Children and Families 720 - 720 315 - 315
Youth Events 2,058 - 2,058 - - -
Redland Education Centre - - - - - -
3,309 - 3,309 1,999 - 1,999
Groups and activities
Toddlers
Chat a Box
Church Events Expenditure		 446
4,606
3,762		 -
-
-		 446
4,606
3,762		 197
-
1,119		 -
-
-		 197
-
1,119
8,814 - 8,814 1,316 - 1,316
Church services
Worship Services
Music		 344
1,199		 -
-		 344
1,199		 483
2,711		 -
1,512		 483
4,223
1,543 - 1,543 3,194 1,512 4,706
Total Ministry 106,221 450 106,671 101,887
1,962		 103,849
3(c) Estates
Halls:
Utilities
Insurance
Repairs & Maintenance
Cleaning
Grounds & General Maintenan
Interest on redevelopment loan
Sundry Expenses
Worship Space Improvements		 Unrestricted
Funds
27,570
7,111
12,944
11,698
2,095
2,217
2,170
-		 Restricted
Funds
2,137
-
-
-
-
-
363
-		 TOTAL FUNDS
2022
29,707
7,111
12,944
11,698
2,095
2,217
2,533
-		 Unrestricted
Funds
7,979
6,845
12,449
8,683
2,342
1,852
934
5,000		 Restricted Funds
-
-
-
-
-
-
-
-		 TOTAL FUNDS
2021
7,979
6,845
12,449
8,683
2,342
1,852
934
5,000
65,805 2,500 68,305 46,084 - 46,084
Church:
Utilities
Insurance
Repairs & Maintenance		 Unrestricted
Funds
1,091
-
6,447		 Restricted
Funds
-
2,593
-		 TOTAL FUNDS
2022
1,091
2,593
6,447		 Unrestricted
Funds
367
39
4,050		 Restricted Funds
-
2,443
15		 TOTAL FUNDS
2021
367
2,482
4,065
7,538 2,593 10,131 4,456 2,458 6,914
Total Estates 73,343 5,093 78,436 50,540 2,458 52,998

Page 18

PAROCHIAL CHURCH COUNCIL OF REDLAND PARISH CHURCH

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2022

3(d) Church management and administration

Administration :
Depreciation
Salaries
Postage,Stationery,
Advertising, Website,
Bank Service Charges
Computer Equipment and
Maintenance
Staff Recruitment
Hospitality and Thanks
Governance - Independent
Examination
Legal Fees
Rebranding
Total administration		 Unrestricted
Funds
Restricted
Funds
TOTAL FUNDS
Unrestricted
Funds
Restricted Funds
TOTAL FUNDS
2022
2021
914
-
914
3,215
-
3,215
53,189
-
53,189
46,875
-
46,875
2,696
-
2,696
2,357
-
2,357
270
-
270
397
-
397
11,429
-
11,429
11,986
-
11,986
850
-
850
1,616
-
1,616
419
-
419
448
-
448
2,061
-
2,061
912
-
912
840
-
840
-
-
-
(693)
-
(693)
6,000
-
6,000
71,975
-
71,975
73,806
-
73,806

4 STAFF COSTS

Wages and salaries
Social security costs
Pensions		 2022
2021
133,596
137,663
8,790
8,594
2,371
2,435
144,757
148,692

During the year the PCC employed an associate Vicar, five staff at the Lantern Preschool, two church administrators, one youth worker, reimbursement for expenses incurred and properly authorised for church business.

contributions and an accomodation allowance). No other member of the senior management team received employee benefits.

5 FIXED ASSETS FOR USE BY THE PCC

5(a) Tangible Fixed Assets

Cost & Valuations
1st January 2022
Disposals
31st December 2022
Depreciation
1st January 2022
Disposals
Charge for year
31st December 2022
Net Book Values
31st December 2022
31st December 2021		 Freehold Land
Freehold
Buildings
Furniture,
Fittings &
Equipment
Total
185,000
800,000
242,282
1,227,282
(78,787 )
(78,787 )
185,000
800,000
163,495
1,148,495
-
-
240,453
240,453
-
-
(78,787 )
(78,787)
-
-
914
914
-
- 162,580
162,580
185,000
800,000
915
985,915
185,000
800,000
1,829
986,829

Page 19

PAROCHIAL CHURCH COUNCIL OF REDLAND PARISH CHURCH

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 December 2022

Note 5a-1: Ownership of the Redland Church Halls is vested in the Diocesan Board of Finance in trust for the PCC and Title Deeds are

5(b) Inalienable and Historic Assets

6 DEBTORS AND PREPAYMENTS
Debtor - Income tax recoverable
Other Debtors
Prepayments
7 SHORT-TERM DEPOSITS
Central Board of Finance a/c 1
8 CASH AT BANK AND IN HAND
CAF No 1
CAF Income
CAF Building Fund
Cash in Hand
9 CREDITORS : DUE WITHIN ONE YEAR
Trade Creditors
Accruals
Payment in Advance
Inland Revenue
Diocesan Loan
Loans for Building Project
10 CREDITORS : DUE IN MORE THAN ONE YEAR
Diocesan Loan
Methodist Chapel Aid Loan
Loans for Building Project		 2022
2021
1,631
4,658
8,155
4,956
3,506
1,334
13,292
10,948
2022
2021
112,617
51,176
112,617
51,176
2022
2021
46,670
103,881
1,017
1,013
4,022
3,007
2,932
4,101
54,641
112,002
2022
2021
22,655
17,855
5,348
12,488
16,075
6,976
50
586
12,500
25,000
4,000
4,000
60,628
66,905
2022
2021
50,000
75,000
-
24,975
50,000
54,000
100,000
153,975

Note 10-1 : Terms of loans

The Diocesan loan is repayable by repayments over a period of 10 years from the advancing of the loan in April 2015, interest is charged at 0.56% over the Diocesan Board of Finance rate, which varies from time to time.

The loans from members of the congregation for the building project are interest free and repayable at various dates between 2022 and 2026.

Page 20

PAROCHIAL CHURCH COUNCIL OF REDLAND PARISH CHURCH

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2022

11 RESTRICTED AND UNRESTRICTED FUND DETAILS

11(a)Analysis of Net Assets by Fund

General fund
Designated for Chat-A-Box
Designated for Worship
Space Improvements
Restricted funds		 Fixed Assets
Current
Assets
Current
Liabilities
Long term
Liabilities
TOTAL
FUNDS
985,915
155,632
(60,628)
(100,000)
980,919
-
2,217
-
-
2,217
-
2,142
-
-
2,142
-
20,559
-
-
20,559
985,915
180,550
(60,628)
(100,000)
1,005,837

11(b)Analysis of Net Assets by Fund - Prior Year

General fund
Designated for Chat-A-Box
Designated for Worship
Space Improvements
Designated for Rebrand
Restricted funds		 Fixed Assets
Current
Assets
Current
Liabilities
Long term
Liabilities
TOTAL
FUNDS
986,829
150,898
(66,905)
(153,975)
916,847
-
3,631
-
-
3,631
-
3,977
-
-
3,977
-
6,000
-
-
6,000
-
9,620
-
-
9,620
986,829
174,126
(66,905)
(153,975)
940,075

12 MOVEMENTS IN UNRESTRICTED FUNDS

12(a) Movements in unrestricted funds current year

General fund
Designated for Chat-A-Box		 At 1st January
Income
Expenditure
Transfers
At 31st
December
926,824
417,540
(435,143)
73,840
983,061
3,631
3,192
(4,606 )
-
2,217
930,455
420,732
(439,749)
73,840
985,278

12(b) Movements in unrestricted funds prior year

General fund
Designated for Chat-A-Box		 At 1st January
Income
Expenditure
Transfers
At 31st
December
870,304
396,446
(417,181)
77,255
926,824
3,631
-
-
-
3,631
873,935
396,446
(417,181)
77,255
930,455

Page 21

PAROCHIAL CHURCH COUNCIL OF REDLAND PARISH CHURCH

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2022

13 RESTRICTED FUND DETAILS

13(a) Movements in Restricted funds

Kids and Families Pastor
Church Insurance
Frank Shayi
Mission contingency fund
Youth
Football project
Christmas Donations
Re:new building project
Charles Mwihambi
Ukraine Support Fund (inc Mission Gift Day)
Ukraine Welcome Hub
Bridges for Communities (Mission Gift Day)
Bristol Hospitality Network (Mission Gift Day)		 At 1 January
2022
Income
Expenditure
Transfers
At 31 December
2022
5,000
-
-
-5,000
2,088
2,734
(2,593)
-2,229
80
80
(80)
-80
120
-
-
-120
-
450
(450)
-
-
137
-
-
-137
1,257
1,977
(1,561)
-1,673
-
73,840
-
(73,840)
-
938
-
(938)
-
-
-
11,870
(550)
-
11,320
-
2,500
(2,500)
-
-
-
3,237
(3,237)
-
-
-
3,237
(3,237)
-
-
9,620
99,925
(15,146)
(73,840)
20,559

13(b) Restricted Funds Narrative

A portion of the income of the church has been given on the understanding that it will be spent on specific individuals and/or organisations connected to the church. It is for this reason that these funds are held as restricted funds until they are spent in accordance with the wishes of the donor.

Kids and Families Pastor

Church Insurance

Frank Shayi Mission contingency fund

Youth

Football project Christmas Donations

Re:new building project

Charles Mwihambi

Ukraine Support Fund (inc Mission Gift Day) Ukraine Welcome Hub

Bridges for Communities (Mission Gift Day) Bristol Hospitality Network (Mission Gift Day) Other

Goulds Vicar's Discretionary Fund Bristol Churches City Fund (Mission Gift Day) Dickson Chilongani (Mission Gift Day) Charles Mwihambi (Mission Gift Day)

Monies donated to support the appointment of a Kids and Families Pastor Monies donated to cover the cost of the Insurance of the Church building Monies donated to support work of our Mission partner Frank Shayi Monies donated to support work of our Mission partners Monies donated to support work of our Youth Ministry Monies donated to support our Football team Monies donated for our annual Christmas charity collections Monies donated to pay for the new Halls building Monies donated to support work of our Mission partner Charles Mwihambi Monies donated to support Ukrainian refugees

Monies given by Bristol City Council to fund a welcome hub for Ukrainian refugees Monies donated on our annual Mission Gift Day Monies donated on our annual Mission Gift Day Monies donated to cover the new livestream costs

Monies donated to support work of our Mission partners David & Ruth Gould Monies donated to support work of our clergy

Monies donated on our annual Mission Gift Day Monies donated on our annual Mission Gift Day Monies donated on our annual Mission Gift Day

Page 22

PAROCHIAL CHURCH COUNCIL OF REDLAND PARISH CHURCH

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2022

13(c) Movements in Restricted funds - Prior Year

Kids and Families Pastor
For Church insurance
Other
Goulds
Frank Shayi
Mission contingency fund
Youth
Football project
Vicar's Discretionary Fund
Christmas Donations
Re:new building project
Charles Mwihambi
Charles Mwihambi (Mission Gift Day)
Bristol Churches City Fund (Mission Gift Day)
Dickson Chilongani (Mission Gift Day)		 At 1 January
2021
Income
Expenditure
Transfers
At 31 December
2021
- 5,000
-
-5,000
2,088 2,443
(2,443)
-2,088
15
-
(15)
-
-
94
-
(94)
-
-
638 386
(944)
-80
120
-
-
-120
- 450
(450)
-
-
137
-
-
-137
1,512
-
(1,512)
-
-
1,653 1,256
(1,652)
-1,257
- 77,255
-
(77,255 )
-
625 1,563
(1,250)
-938
- 10,482
(10,482)
-
-
- 12,344
(12,344)
-
-
- 8,276
(8,276)
-
-
6,882
119,455
(39,462)
(77,255)
9,620

14 RELATED PARTY TRANSACTIONS

Page 23