## **1 PAROCHIAL CHURCH COUNCIL OF ST PAUL’S ADDLESTONE**
Charity no: 1131087
## ANNUAL ACCOUNTS 2022
Prepared for the Annual Parochial Meeting 14[th] May 2023
## INCUMBENT
The Revd. Ben Beecroft The Vicarage 140 Church Road Addlestone KT15 1SJ
## BANKERS
Barclays Bank Natwest Bank
## INDEPENDENT EXAMINER
Mrs Jean Hart 2 Bourneside Road Addlestone KT15 2HZ
## **Independent Examiner’s Report to the members/trustees of St Paul’s Church. Addlestone, Parochial Church Council.**
I report on the accounts for the year ended 31 December 2022 which are set out in the following pages.
## **Respective responsibilities of the Trustees and Independent Examiner**
The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
- examine the accounts under section 145 of the 2011 Act;
- follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- state whether particular matters have come to my attention.
## **Basis of Independent Examiner's Statement**
My examination was carried out in accordance with the General Directions given by the Charity Commission.
An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in a full audit, and consequently I do not express an audit opinion on these accounts.
## **Independent Examiner's statement**
In connection with my examination, no matters have come to my attention:
(1) which give me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with section 130 of the 2011 Act; and
- to prepare accounts which accord with 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.
Signed:
Date:
## _Jean Hart_
## **Statement of Financial Activities**
||**Unrestricted**
**funds**|
**Restricted**
**funds**|**Endowment**
**funds**|
**Total**
**funds**|**Prior year**
**total**
**funds**|
|---|---|---|---|---|---|
|**Incoming resources**||||||
|Incoming resources from generated funds|-|
-|-|
-|-|
|Voluntary income|103,404|
-|-|103,404|107,250|
|Activities for generating funds|-|
-|-|
-|-|
|Investment income|1,956|
-|-|
1,956|10,000|
|Incoming resources from charitable activities|52,005|
-|-|52,005|39,563|
|Other incoming resources|25,000|
-|-|25,000|-|
|**Total income**|**182,365**|
**-**|**-**|**182,365**|**156,812**|
|**Resources used**||||||
|Cost of generating funds|585|
-|-|
585|319|
|Cost of generating voluntary income|-|
-|-|
-|-|
|Fundraising trading cost of goods sold and other||||||
|costs|-|
-|-|
-|-|
|Investment management costs|2,091|
-|-|
2,091|3,500|
|Charitable activities|175,434|
-|-|175,434|146,823|
|Governance costs|274|
-|-|
274|180|
|Other resources used|-|
-|-|
-|-|
|**Total expenditure**|**178,384**|
**-**|**-**|**178,384**|**150,822**|
|**Net income / (expenditure) resources before**
**transfer**|**3,981**|
**-**|**-**|
**3,981**|**5,990**|
|**Transfers**||||||
|Gross transfers between funds – in|-|-|-|-|480|
|Gross transfers between funds – out|-|-|-|-|(480)|
|**Other recognised gains / losses**||||||
|Gains/losses on investment assets|-|
-|-|
-|-|
|Gains on revaluation, fixed assets, charity's own||||||
||-|-|-|-|-|
|use||||||
|**Net movement in funds**|**3,981**|
**-**|**-**|
**3,981**|**5,990**|
|**Total funds brought forward**|**308,667**|
**39,304**|**1,413**|**349,384**|**343,394**|
**Total funds carried forward**
**312,648 39,304**
**1,413 353,365 349,384**
## **Balance Sheet**
||**General Designated Restricted Endowment**
**At**
**31/12/2022**
**£**
**At**
**31/12/2021**
**£**|
|---|---|
|**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**
**Liabilities**
**Total net assets less liabilities**|278,364
-
-
-
278,364
280,455|
||**278,364**
**-**
**-**
**-**
**278,364**
**280,455**|
||(15,587)
-
1,901
-
(13,686)
(7,059)
6,227
-
32,200
1,413
39,840
37,884
61,100
5,034
8,346
-
74,480
41,793|
||**51,739**
**5,034**
**42,447**
**1,413**
**100,634**
**72,618**|
||22,489
-
3,143
-
25,633
3,689|
||**22,489**
**-**
**3,143**
**-**
**25,633**
**3,689**|
|||
||**29,250**
**5,034**
**39,304**
**1,413**
**75,001**
**68,929**|
|||
||307,614
5,034
39,304
1,413
353,365
349,384|
|||
||**-**
**-**
**-**
**-**
**-**
**-**|
|||
||**307,614**
**5,034**
**39,304**
**1,413**
**353,365**
**349,384**|
**Statement of Assets and Liabilities**
**General Designated Restricted Endowment Total Last year**
|**Fixed Asset – Investments**|||||||
|---|---|---|---|---|---|---|
|FA03: Investments|3,375|-|32,200|-|35,575|35,575|
|**Total**|**3,375**|**-**|**32,200**|**-**|**35,575**|**35,575**|
|**Fixed Asset - Tangible Assets**|||||||
|FA01: Northcote Flat|270,000|-|-|-|270,000|270,000|
|FA02: Church Equipment|8,364|-|-|-|8,364|10,455|
|**Total**|**278,364**|**-**|**-**|**-**|**278,364**|**280,455**|
|**Current Asset - Cash At Bank And**|**In Hand**||||||
|CA01: Barclays Bank|2,426|5,201|8,035|-|15,662|998|
|CA02: Natwest Bank|58,471|-|321|-|58,792|40,769|
|CA03: Petty Cash|203|(167)|(10)|-|27|27|
|**Total**|**61,100**|**5,034**|**8,346**|**-**|**74,480**|**41,793**|
|**Current Asset – Debtors**|||||||
|Z05: Accounts Receivable|(15,587)|-|1,901|-|(13,686)|(7,059)|
|**Total**|**(15,587)**|**-**|**1,901**|**-**|**(13,686)**|**(7,059)**|
|**Current Asset – Investments**|||||||
|CA04: Short Term Deposits|2,852|-|-|1,413|4,265|2,309|
|**Total**|**2,852**|**-**|**-**|**1,413**|**4,265**|**2,309**|
|**Liability - Creditors: Amounts Falling Due In One Year**|||||||
|Z04: Accounts Payable|22,489|-|3,143|-|25,633|3,689|
|**Total**|**22,489**|**-**|**3,143**|**-**|**25,633**|**3,689**|
|**Net total assets**|**307,614**|**5,034**|**39,304**|**1,413**|**353,365**|**349,384**|
**Analysis of income and expenditure**
**Total**
|**Unrestricted **|**Designated**|**Restricted **|**Endowment**|**This**
**year**|**Last**
**year**|
|---|---|---|---|---|---|
## **INCOMING RESOURCES**
|**INCOMING RESOURCES**||
|---|---|
|**Incoming resources from generated**
IN01 - Planned Giving - Tax Efficient
IN02 - Planned Giving - Non-Tax
IN03 - Gift Aid Tax Reclaim
IN04 - Collections - Loose
IN05 - Collections - Gift Aid
IN06 - Donations - Gift Aid
IN07 - Donations - Non-Tax
IN09 - Legacies
IN10 - Income from Grants
IN11 - Fund Raising
IN12 - Fund raising Events
IN13 - Interest
IN98 - Revaluation
**Incoming resources from generated**
**funds Totals**
**Incoming resources from charitable**
IN14 - Fees Retained
IN15 - Hall Lettings
IN16 - Fairtrade
IN17 - Bookstall
IN18 - Children and Youth Income
IN19 - Other Income
IN20 - Charity Collections
IN21 - Coffee/Tea/Lunches Income
IN22 - Courses and Event Fees
IN24 - Rental Income - Northcote
**Incoming resources from charitable**
**activities Totals**
**Other incoming resources**
IN23 - Other Incomining Resources
IN99 - Conduit
**Other incoming resources Totals**
**Incoming resources Grand totals**
**RESOURCES USED**
**Cost of generating funds**
X98 - Depreciation
A06 - Funraising Costs
**Cost of generating funds Totals**
**Charitable activities**
A01 - Admin Salary
A02 - Stationary and Postage etc
A03 - Photocopier
A04 - Telephone
A05 - Other Office Costs
A08 - PA Salary
E01 - Youth Giving
E02 - 10% Giving
E03 - Alpha
E04 - Other Mission
E05 - Mission Publisity
E06 - Skatepark Expenses
F01 - Repairs and Maintenance
F02 - Cleaning Salaries
F03 - Utilities
F04 - Insurance|**funds**
55,089
-
-
-
55,089
57,129
6,826
-
-
-
6,826
9,717
12,586
-
-
-
12,586
13,355
4,758
-
-
-
4,758
3,895
-
-
-
-
-
-
9,381
-
-
-
9,381
14,959
5,460
-
-
-
5,460
6,117
2,000
-
-
-
2,000
1,000
7,305
-
-
-
7,305
1,078
-
-
-
-
-
-
-
-
-
-
-
-
1,956
-
-
-
1,956
-
-
-
-
-
-
10,000|
||
**105,360**
**-**
**-**
**-**
**105,360 117,250**
**activities**
6,862
-
-
-
6,862
2,220
30,984
-
-
-
30,984
24,939
-
-
-
-
-
-
446
-
-
-
446
-
89
-
-
-
89
-
224
-
-
-
224
(236)
-
-
-
-
-
-
584
-
-
-
584
136
-
-
-
-
-
-
12,816
-
-
-
12,816
12,504|
||
**52,005**
**-**
**-**
**-**
**52,005**
**39,563**
-
-
-
-
-
-
25,000
-
-
-
25,000
-|
||**25,000**
**-**
**-**
**-**
**25,000**
**-**|
||**182,365**
**-**
**-**
**-**
**182,365 156,812**|
||2,091
-
-
-
2,091
3,500
585
-
-
-
585
319|
||**2,676**
**-**
**-**
**-**
**2,676**
**3,819**
-
-
-
-
-
-
250
-
-
-
250
665
-
-
-
-
-
-
1,399
-
-
-
1,399
1,167
331
-
-
-
331
322
-
-
-
-
-
-
-
-
-
-
-
-
6,353
-
-
-
6,353
5,575
356
-
-
-
356
352
-
-
-
-
-
100
249
-
-
-
249
312
-
-
-
-
-
-
3,951
-
-
-
3,951
11,481
4,635
-
-
-
4,635
4,298
11,163
-
-
-
11,163
7,280
2,641
-
-
-
2,641
4,139|
|F05 - Safety and Security
F06 - Other Fabric
F07 - Cleaning Materials
F08 - Rental Property Maintenance -
Northcote
F09 - Annual Service Contracts
M01 - Parish Share No1
M02 - Clergy Expenses No1
M03 - Assitant Vicar
M04 - Clergy Expenses No2
M05 - Curate Expenses
M06 - Curate Housing
M07 - Other Ministry Expenses
M08 - Deanary Share
W01 - Organist
W02 - Music Group
W03 - Service Costs
W04 - Verger/Organist Costs
W05 - Other worship costs
X01 - Hospitality
X02 - Traidcraft
X03 - Bookstall
X04 - Training
X05 - Other Expenses
X06 - Equipment
X07 - Flower Fund
X08 - Cafe Expenses
X09 - Social Events
X10 - Fundraising Events
X11 - Conference Expenses
X12 - Bank Charges
X97 - Grant Payments
X99 - Conduit
X999 - UNASSIGNED
Y01 - Youth Pastor
Y02 - Youth Resourses
Y03 - Youth Pastor Expenses
**Charitable activities Totals**
**Governance costs**
A07 - Governance Costs
**Governance costs Totals**
**Other resources used**
**Other resources used Totals**
**Resources used Grand totals**|1,659
-
-
-
1,659
1,595
-
-
-
-
-
-
93
-
-
-
93
-
600
-
-
-
600
600
2,218
-
-
-
2,218
1,564
82,717
-
-
-
82,717
80,239
3,608
-
-
-
3,608
3,447
18,319
-
-
-
18,319
18,969
545
-
-
-
545
-
-
-
-
-
-
-
-
-
-
-
-
-
575
-
-
-
575
409
481
-
-
-
481
385
25
-
-
-
25
1,450
115
-
-
-
115
115
475
-
-
-
475
252
1,825
-
-
-
1,825
485
581
-
-
-
581
18
1,419
-
-
-
1,419
441
-
-
-
-
-
-
241
-
-
-
241
25
80
-
-
-
80
-
1,296
-
-
-
1,296
316
1,694
-
-
-
1,694
383
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
245
-
-
-
245
187
-
-
-
-
-
-
25,000
-
-
-
25,000
-
-
-
-
-
-
-
-
-
-
-
-
-
297
-
-
-
297
252
-
-
-
-
-
-|
|---|---|
||**175,434**
**-**
**-**
**-**
**175,434 146,823**
274
-
-
-
274
180|
||**274**
**-**
**-**
**-**
**274**
**180**|
||**-**
**-**
**-**
**-**
**-**
**-**|
||**178,384**
**-**
**-**
**-**
**178,384 150,822**|
## **ADDITIONAL NOTES:**
**Hebrews/Loaves &Fishes/Winter Warmers**
The above projects record their income and expenditure separately from the church accounts and the finances are overseen by the Hebrews Management Committee. The figures were prepared by Carol Edmondson as the treasurer for Hebrews and independently checked by Ian Harding
Opening balance as of 1[st] January 2022 £6,428.40 Income: £23,367.52 Expenditure: £20,407.70 Closing balance: £9,388.22
## **ACCOUNTING POLICIES**
## **Basis of 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 (SORP 2005).
## **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.
_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 investment 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 remove any surplus to other general funds.
## **Incoming resources**
Planned giving, collections and similar donations are recognised when received. Tax refunds are recognised when the incoming resource to which they relate is 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.
## **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.
## **Conclusion**
The Parochial Church Council of St Paul’s, Addlestone is based at: St Paul’s Church School Lane, Addlestone, KT15 1TB Charity Reference Number: 1131087 Chairperson: Revd. Ben Beecroft
Treasurer: Kati Tikkanen
Annual accounts were prepared by the treasurer on 8[th] May 2023