2022-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of The Church Of The Good Shepherd, Brighton

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Church of the Good Shepherd, Brighton

Charity Registered Number - 1131188

Annual Report and Financial Statements of the Parochial Church Council

For the year ended 31[st] December 2022

Vicar

The Revd. Dr Felix Mascarenhas 272 Dyke Road BRIGHTON BN1 5AE

Banks

Santander UK plc and Barclays Bank plc

Independent Examiner Mr S Brentnall, FCIE 1 Meadow View Cottages Town Littleworth Cooksbridge LEWES BN8 4TH

The web site of this Church is www.goodshepherdbrighton.org.uk

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Parochial Church Council of the Church of the Good Shepherd, Brighton

Contents Annual Report Report of the Independent Examiner Statement of Financial Activities Balance Sheet Accounting Policies Notes to the Financial Statements Statement of Cash Flows 10 Year History of Selected Items of Income and Expenditure	Page No
	3 10 11 12 13 16 & 17 19 to 26 18 27

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Parochial Church Council of the Church of the Good Shepherd, Brighton

Annual Report for 2022

Administrative Information

The Church of the Good Shepherd is situated in Dyke Road, Brighton. It is an independent charity and a part of the Diocese of Chichester within the Church of England. All correspondence should be addressed to the Incumbent, the Reverend Dr Felix Mascarenhas, at The Vicarage, 272 Dyke Road, Brighton, BN1 5AE.

During the year the following served as members of the Parochial Church Council (PCC) and as Trustees:

Vicar: The Revd. Dr Felix Mascarenhas – Chairman Assistant Vicar: The Revd. Dr Mathew Philip Reader: Mr Michael Miller Church Wardens: Mrs Sarah Thomas - Vice Chairman Mrs Patricia Jackson Deputy Church Wardens: Mr Paul Cripps Mr Martin Cruttenden

Representatives on the Deanery Synod:

Mr Martin Cruttenden Mr Errol Ganpatsingh Ms Pauline Grimstone Mr Michael Miller

Elected members:

Ms Yaa Asare Mr Richard Aynsley-Smith [retired and co-opted May 2022] Mrs Honor Banerjee [from May 2022] Ms Jennifer Coulthard Mr Paul Cripps Ms Louise Hotchkiss Mrs Marian Hughes Mrs Pat Hunter [retired and co-opted May 2022] Mrs Christine James [from May 2022] Ms Sheena Richardson [from May 2022] Mrs Sarah Thomas Ms Augustina Tetsola [retired May 2022]

The following members of the PCC retired in May 2022

Mr Richard Aynsley-Smith Mrs Pat Hunter Ms Augustina Tetsola

The following members of the congregation were co-opted to the PCC from June 2022

Mr Aynsley-Smith Mrs Pat Hunter

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Aims and Purposes

The primary aim of the PCC of Church of the Good Shepherd (in the city of Brighton & Hove) is to promote the work of the Church of England in the parish. The national mission of the church – pastoral, evangelical, social and ecumenical – is the responsibility of the PCC and in co-operation with the incumbent, the Revd. Dr Felix Mascarenhas, uses the parish structure effectively to achieve this and in doing so it provides a benefit to the public by

Providing facilities for public worship, pastoral care and spiritual, moral and intellectual development for all who wish to benefit from what the Church offers.
Provide practical support and care for people in the parish regardless of faith and irrespective of need and/or ability to pay.
The promotion of Christian values and service by members of the Church, within and outside their local community, to the benefit of individuals and society as a whole.

Additional current objectives agreed by the PCC/Trustees include:

In 2022 and subsequent years, the PCC hopes to build on the initiatives undertaken in previous years in furtherance of its stated objectives.

To continue the preliminary work for the celebration of the centenary of the establishment of the Good Shepherd during the years 2022, 2023 and beyond – leaving a legacy for generations to come.
Renew and commit additional effort to reach out to children – within and without the parish - in particular the restarting of a Kidz Klub in autumn 2021 and the following year.
To return the traditional cycle of activities in the parish to what they were pre Covid 19.

In working to achieve these objectives, the PCC has initiated and continued the following activities during the year

The Church of the Good Shepherd was constructed over several years; it was however consecrated by the then Bishop of Chichester on 31[st] May 1922 and thus the year under review has had a large number of events marking and celebrating this anniversary. The start was timed to coincide with the church’s annual Patronal Festival. On the 12[th] of June there was a Dedication Sung Eucharist at which Canon Nicholas Jepson-Biddle (a former Vicar) preached and presided. The following Sunday the Bishop of Chichester (the Right Reverend Dr Martin Warner) preached and presided at the Solemn Eucharist. The Lord-Lieutenant (Mr Andrew Blackman) and the High Sheriff (Mrs Jane King) and the Mayor of Brighton and Hove (Cllr Lizzie Deane) were also present. After the service a Centenary Book was published and made available – 100 years of memories and photographs. From the 25[th] of June until 10[th] July 2022 the Centenary Exhibition was opened displaying 100 years of history in words and pictures. There was also a display of flowers and Vestments throughout this time. On June 25[th] the bellringers of the church rang a quarter peal. At ‘Old Sheep Day’, on Sunday 10[th] July a former Vicar of the parish, the Dean of Exeter (The Very Reverend Jonathan Greener) preached and presided at the Sung Eucharist. Also present were former clergy, namely Revd. Dr Paul Collins, Revd. Dr Graham Low, and Revd. Ruth Hulse, a youth worker in the parish. This was followed by a BBQ at which current and past parishioners continued the celebrations. Also, on that day Felicity Felton’s 100[th] birthday was celebrated with her family in the church.

At the Harvest Festival Sung Eucharist on October 10[th] the Revd. Helen Rawlings (a former Deacon of the Parish) preached. The following Saturday – October 15[th] – the Centenary Exhibition reopened for a further two weeks and later in the same month Phillippa Lay (a former chorister) gave a song recital. On November 26[th] there was a ‘Come and Sing Messiah’ which raised substantial funds for the three charities the Good Shepherd was supporting in 2022. As part of the ongoing centenary activities two well attended talks were facilitated/given – Jeremy Heath on Water Aid (one of the charities the Good Shepherd is supporting this year) and one by Dr Professor Robin Banerjee on the subject of Kindness.

This catalogue of events and activities had been long in the planning process and was largely undertaken by a committee (led by Sarah Thomas) established for this purpose. The actual activities involved a large number of people before, during and after the events. The Good Shepherd hospitality team provided food and drink on many if not nearly all occasions – again involving a lot of hard work. It would be something of an understatement to say that they are due a vote of thanks –

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it was a sustained and prolonged ‘diet’ of hard work, and the Church is immensely grateful to all those who worked throughout this time.

The use of software allowing the actual service to be broadcast to those unable to physically attend has continued throughout the year. The PCC has taken the decision to upgrade and improve the current audio/visual equipment. Meetings of the PCC, standing committee and sub-committees (when needed) have also been via the internet.

The church has continued to sponsor, from its Youth Fund, two students from the Young Actors Group, who otherwise could not have participated. In 2022 fund-raising (and following a successful Christmas Fair) monies were raised, throughout the year, to support three charities, Water Aid (international), Children’s Society (national) and Alzheimer’s Brighton and Hove (local).

When possible, during the year donated goods are taken to the local Brighton Food Bank, which is run, by Brighton and Hove City Mission.

With the help of another local charity (Kidz Klub Brighton and Hove) the Good Shepherd youth club has run, during term time, throughout the year. Aimed at young children (aged between 7 and 11) and on a Friday evening the numbers have fluctuated, and the hope is that they will grow in the year to come.

The hall and church facilities are offered free to charities and voluntary groups such as the Brownies and McMillan Nurses when able to in 2022. In September The Reigate Road Community Group used the hall and grounds, without charge, to celebrate ‘Saving the Planet’ in a daylong event.

The PCC is very grateful for the unpaid and continuing hard work of its many volunteers who are involved at every level in activities of the church – often amounting to hundreds of hours.

Achievements and Performance

Church Attendance

There are currently 124 (124 in 2021) parishioners on the Church Electoral Roll, of whom about one third are not resident within the parish boundaries. The average weekly attendance was 91 but this number increased at festivals.

Review of the year

(i) The full PCC met five times during 2022. Committees and sub committees met between meetings and reports of their deliberations were received by the full PCC and discussed where necessary.

Attendance at PCC Meetings	Attendance at PCC Meetings	Attendance at PCC Meetings	Attendance at PCC Meetings
	(i)	(ii)	(iii)

The Revd. Dr Felix Mascarenhas	5	5	All committees
The Revd. Dr PhilipMathew	5	3	(a), (b), (d), (f), (i)and(k)
Mr Michael Miller	5	5	(a), (b), (i)and(k)
Ms Yaa Asare	5	3
Mr Richard Aynsley-Smith	5	3	(a) and(c)
Mrs Honor Banerjee	3	3
Mr Paul Cripps	5	5	(b)
Mr Martin Cruttenden	5	4	(a), (b) (c)and(k)
Mr Errol Ganpatsingh	5	5	(i)
Ms Pauline Grimstone	5	4	(k)
Ms Louise Hotchkiss	5	3	(k)
Mrs Marian Hughes	5	4
Mrs Pat Hunter	5	5	(k)
Mrs Christine James	5	5	(a) (c)and(k)
Ms Patricia Jackson	5	4	(a), (d) (g)and(k)
Ms Sheena Richardson	5	5	(c)
Ms Augustina Tetsola	2	1	(d)
Mrs Sarah Thomas	5	5	(a), (b)and(k)

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Notes to Table

(i) Maximum attendance possible

(ii) Actual Attendance

(iii) Membership of Sub Committees
(a) Standing (b) Worship
(c) Fabric (d) Safeguarding (e) GS Festival and Fundraising (f) Mission, Outreach and Publicity (g) Social
(h) Health and Safety (i) Pastoral
(k) Centenary

Other non-PCC members of the congregation also sit, by invitation, on the sub committees.

(ii) During the year 5 funeral services were held – 3 at the crematoria and 2 in church. The was a single internment of ashes in the church grounds. There was one wedding service and 8 children were baptised during the year.
(iii) The Lent Course in 2022 was on the theme ‘Comfort ye my People’.
(iv) The PCC met at an ‘away day’ late in the year. This was facilitated by Fr Richard Tuset (Rector of St Wulfran’s) and the two main subjects were ‘what legacy will this generation leave for the next’ and the running of an Alpha course in 2023.
(v) The Church in 2022 is being used, (during term time) daily by both voluntary and non-voluntary organisations.
(vi) Work on the restoration of weather/vane and cockerel has been completed. This has been funded by a member of the congregation and the Good Shepherd is very grateful for this generosity and donation.
(vii) Communication with homes in the parish (circa 3,300) was maintained by the distribution of a newsletter/card at Christmas, Easter, and Harvest Festival.
(viii) The Mission Action Plan for 2022 included the following objectives most of which have been met –
(a) The frequency and timing of services aimed at occasional worshippers will be kept under review as the Good Shepherd remains committed to draw in more young families from among those who attend church services infrequently. The Kidz Klub will also be relaunched In January 2022.
(b) The Good Shepherd held its Patronal Festival in June 2022 - at the same time as it started its centenary celebrations.
(c) Work continues on the planning and preparation for the church’s year-long centenary festival in 2023 – in particular involving those groups that hire and/or use the church hall – in such a way that there is a sense of the future as well as a celebration of the past.
(d) To return the traditional cycle of activities in the parish to what they were pre Covid 19 as well as continuing with new and different activities during this period.

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Financial Review

(i) Across all funds there was a deficit of £21,985 and for the General Fund it was £10,292; this was funded by transfers from the Hall and Reigate Road funds. The very substantial repairs expenditure in the Restricted Funds were financed through donations made in 2022 and in earlier years.
(ii) Planned Giving was less than in 2021; this is due to donations in that year being above average - where donors increased their giving to meet the impact of the Covid pandemic. The 2022 figures include additional giving where a member of the congregation donated his winter fuel allowance to the church. Cash collections have now returned to pre- pandemic levels.
(iii) Expenditure has risen notwithstanding every effort to contain this. This included discontinuing the use of the photocopier and the phone in the parish office; offsetting this reduction were increased energy costs – for gas an increase of 330% adding in a full year up to an additional £14,000 to £15,000. The other cost that has risen is the amount paid to the diocese – up by £2,700.
(iv) The restoration of the weathervane/cockerel was completed at a cost of £27,273; this was higher than estimated due to a number of factors. The final cost paid was after lengthy discussions was less than the amount asked for by the contractors.
(v) A legacy was received from the estate of Gerry Hemmings during the year. The PCC formerly agreed that the legacy received in the preceding year would be set aside for a replacement sound system (estimated at £6,000) in the church and for music for the choir (£600). The balance was transferred to the church fabric fund.
(vi) The Centenary Fund received a large number of donations – sufficient to fund all activities so far. Of particular note was the large amount given for flowers during the year.
(vii) The largest single item of expenditure in 2022 was the sum £76,967 paid to the Diocese to cover our parish ministry costs. This covers the cost of stipend, housing and pension costs of the parish priest, a standard sum for diocesan central costs, clergy training and a contribution to national church funds. In 2023 this parish has been asked for and will do its utmost to meet the Diocesan request for its allocated parish contribution – £78,795.
(viii) Material expenditure in 2022 on fabric includes –
Restoration of the weathervane/cockerel - £27,373.
Church Lighting - £1,178
Repairs to the hall flat roof and revarnishing the floor - £1,461.
Reigate Road – repairs to an exterior wall and the central heating system – £3,079
(ix) Fund raising in 2022 for the church itself and third-party charities raised a total of £8,254; the 2022 Christmas Fair raised approximately £1,700 and a total of value of £7,654 was distributed to third party charities and/or individuals.
(x) Full details of the parish’s income and expenditure are to be found in the financial schedules – on pages 11 to 26 and on page 27 there is a 10-year schedule of selected items of income and expenditure.

Reserve Policy

(i) It is PCC policy to maintain a reserve on the unrestricted funds sufficient to meet up to approximately 12 months of this parish’s liabilities and commitments; at the end of 2022 only just over 62% of the reserves were available and the PCC acknowledge that this shortfall needs to be monitored.
(ii) The standing committee reviewed all the unrestricted fund balances in 2022 and satisfied themselves that these balances are held for known future expenditure and/or until events outside the control of the Trustees are resolved and/or that the balances were too small to be significant and/or material.
(iii) The PCC agreed that the deficit on the General Fund would be covered by transfers from The Hall Fund and Reigate Road Fund.

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(iv) The original expenditure having been capitalised the movement in the candle display case, chair and boiler funds reflects the cost of depreciation charged.
(v) It is PCC policy to invest fund balances with
Barclays Bank plc
Santander Bank plc
CBF Church of England Deposit Fund
Church of England CIFM Investment Fund
M + G Charifund Equity Fund.

Future Plans

(a) To finish the year of celebrations on a ‘high note’ with a grand celebration and to establish a long-lasting legacy for the parish through various projects such as
a. An Extension to the Church
b. Solar Panels
c. A Centenary Stained-Glass Window
(b) In terms of a spiritual/pastoral legacy
a. Preaching a theology and mission to the ‘modern’ world’, aimed at younger people, and without the concepts and terms of centuries past.
b. To run an Alpha Course in Lent 2023 in order to invite more and younger people to join the church
(c) To revitalise and rebuild the post covid dimmed links with
a. Local Care Homes and Schools
b. Local Community/Neighbourhood secular groups such as the Reigate Road Community Group

Structure, Governance and Management

Membership of the PCC is determined under Church Representation Rules and consists of certain ex-officio members (the Incumbent, Curate, Readers licensed to officiate in the church), the Churchwardens and members of the Deanery, Diocesan or General Synods and eleven members of the Church who are elected at the Annual Parochial Church Meeting (APCM). Members of the congregation are warmly encouraged to stand for election to the PCC and we try to ensure a balance of skills and experience where possible.

All meetings post March 2020 were virtual meetings; this was undertaken with the sanction/agreement of Chichester Diocese and the Charity Commission.

The PCC members as Trustees are responsible for a wide range of matters affecting the parish, including worship, mission and outreach as well as compliance with health and safety, disability legislation and safeguarding. In their capacity as trustees, they are also responsible for the stewardship of funds and for appropriate accounting and reporting of the parish finances. The PCC works to ensure that each member of the committees is equipped to fulfil their role. The PCC’s Secretary and Treasurer are elected at the first meeting of the PCC each year. The Churchwardens, Secretary and Treasurer attend courses run by the diocese on their particular work. Regular communications from the diocese keep these officers up to date with changes in church regulations and financial procedures and these are reported to the PCC as appropriate. The PCC is responsible for ensuring that a Disclosure and Barring Service search is conducted on all those who work closely with children and vulnerable adults in the church.

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Following a review during 2018 the existing 11 sub-committees were reorganised and reduced to 8 – but now 10. The 10 sub committees that report to the PCC are - Standing Committee, Fabric, Safeguarding, Good Shepherd Festival/Fund Raising, Mission and Outreach, Worship, Health and Safety, Social, Centenary and Pastoral.

Standing Committee:

This is the only committee required by law. It has the power to transact business of the PCC between its meetings, subject to any directions given by the PCC.

Worship Committee:

The Worship sub-committee attends to matters relating to Ministry of the local church to the community and the world, such as ecumenical links, evangelism and the support of mission and relief agencies. Its remit also extends to matters related to church services and liturgical matters etc. Mission and Outreach:

This committee’s remit seeks to involve not only the worshippers of the church but all those who live within the parish boundaries, those who live in the ‘close’ geographic area (not within the parish boundaries) and see the Church of the Good Shepherd as a place of worship and centre of activities that may be of interest to them.

Fabric Committee:

The Fabric committee attends to the management and control of all activities in church properties and matters relating to the stewardship of the church’s assets, such as church buildings and fabric, the church grounds, the church hall, and the house at 56 Reigate Road, formerly occupied by a curate.

All the other committees’ activities/remit are defined by the name of the committee .

Risk Assessment

A review of the church’s Health and Safety Policy was undertaken in 2018; this policy was discussed and agreed by the PCC and reviewed in 2020.

Signed on behalf of the PCC

Revd. Dr Felix Mascarenhas – Vicar

The web site of this Church is www.goodshepherdbrighton.org.uk

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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ECCLESIASTICAL PARISH OF THE CHURCH OF THE GOOD SHEPHERD, BRIGHTON [Registered Charity 1131188]

I report on the accounts of the Church of the Good Shepherd, Brighton for the year ended 31st December 2022, which are set out on pages 11 to 26.

Respective responsibilities of the trustees and the examiner

The church’s trustees are responsible for the preparation of the accounts. The church’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.

Having satisfied myself that the church is eligible for independent examination, it is my responsibility to :-

examine the accounts under section 145 of the 2011 Act
to follow the procedures laid down in the general directions given by the Charity Commission under section 145(5)(b) of the 2011 Act
to state whether particular matters have come to my attention

Basis of independent examiner's report

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 you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’, and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no material matters have come to my attention which give me cause to believe that in any material respect:

accounting records were not kept in accordance with section 130 of the 2011 Act or
the accounts do not accord with the accounting records or
the accounts did 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 requirements that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.

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

Steve Brentnall FCIE 1 Meadow View Cottages Town Littleworth LEWES BN8 4TH March 26[th] 2023

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STATEMENT of FINANCIAL ACTIVITIES For the Year Ended 31stDecember 2022	Note	Unrestricted Funds	Restricted Funds	Endowment Funds	TOTAL FUNDS	TOTAL FUNDS
					2022	2021
INCOME and ENDOWMENTS from: Donations and Legacies Charitable Activities Other Trading Activities Investments Other Receipts	1(a) 1(b) 1(c) 1(d)	£ 90,486 1,968 37,178 19,846 -	£ 6,834 - - 2,716 -	£ - - - - -	£ 97,320 1,968 37,178 22,562 -	£ 116,048 1,716 25,977 21,042 -
TOTAL INCOME EXPENDITURE on: Raising Funds Charitable Activities Other Trading Activities	2(a) 2(b) 2(c)	149,478 9,453 128,916 9,142	9,550 - 33,502 -	- - - -	159,028 9,453 162,418 9,142	164,783 12,817 118,399 6,005
TOTAL EXPENDITURE		147,511	33,502	-	181,013	137,221
NET INCOME or (NET EXPENDITURE) TRANSFERS BETWEEN FUNDS OTHER RECOGNISED GAINS/(LOSSES) Unrealised Gains on Investments	(7) (9)	1,967 (2,968) -	(23,952) 2,968 (77)	- - (16,646)	(21,985) - (16,723)	27,562 - 30,258
NET MOVEMENT in FUNDS BALANCES BROUGHT FORWARD at 1stJANUARY 2022		(1,001) 107,661	(21,061) 114,116	(16,646) 453,816	(38,708) 675,593	57,820 617,773
BALANCES CARRIED FORWARD at 31stDecember 2022		106,660	93,055	437,170	636,885	675,593

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	Note	2022	2022	2021
BALANCE SHEET as at 31stDECEMBER 2022		£	£	£
FIXED ASSETS Fixed Assets for Charitable Use Investment Fixed Assets Investment Assets	(8) (10) (9)	7,388 272,150 165,019		7,265 272,150 181,665
TOTAL FIXED ASSETS CURRENT ASSETS Debtors Investments Cash at Bank and in Hand	(13) (9) (15)	11,853 38,614 154,306	444,557	461,080 23,004 38,691 161,212
TOTAL CURRENT ASSETS LIABILITIES: AMOUNTS FALLING due WITHIN ONE YEAR Creditors NET CURRENT ASSET	(14)	204,773 (12,445)	192,328	222,907 (8,394) 214,513
TOTAL NET ASSETS			636,885	675,593
THE FUNDS OF THE CHARITY Endowment - Endowed Funds - Property Revaluation Reserve Restricted Funds Unrestricted Funds	(10) & (16) (9) & (16) (16)		171,820 265,350 93,055 106,660	188,466 265,350 114,116 107,661
TOTAL CHARITY FUNDS			636,885	675,593

The Annual Financial Report, for the year ended 31[st] December 2022, including the notes following, was approved by the Parochial Church Council on March 16[th] 2023 and signed on its behalf by:

The Revd. Dr Felix Mascarenhas (Vicar) R Aynsley-Smith (Honorary Treasurer)

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STATEMENT OF ACCOUNTING PRINCIPLES

Accounting Policies

The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the current (2015) Statement of Recommended Practice (SORP) and Financial Reporting Standard (FRS 102).

The financial statements have been prepared under the historical cost convention as modified by the inclusion of investments at market value and the revaluation of fixed assets. 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 which are informal gatherings of church members.

Funds Accounting

Funds held by the PCC are:

Unrestricted Funds – general funds which can be used for PCC ordinary purposes.

Designated Funds – monies set aside by the PCC out of unrestricted funds for specific future purposes and/or projects.

Restricted Funds –

(i) Income from trusts or endowments which may be expended only on those restricted objects provided in the terms of trust or bequest

(ii) Donations and/or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of the year is carried forward as a balance on that fund.

Endowment Funds – funds the capital of which must be maintained; the income arising from the investment of the endowment may be used, either as restricted or unrestricted funds, depending on the purpose set out in the terms of the original endowment.

Income and Endowments

All income and endowments are accounted for without deduction for any costs of receivability, are recognised when there is entitlement, receipt is probable, and the amount can be measured reliably.

Donations and Legacies

(i) Collections are recognised when received

(ii) Planned giving receivable is when there is evidence of entitlement, receipt is probable, and the amount accords with the Gift Aid declaration and/or other record of intention to donate.

(iii) Gift Aid recovered is recognised when the income to which it is attached is recognised.

(iv) Grants and legacies are recognised when the formal offer, in writing, is received by the PCC.

Charitable Activities

Sales of magazines are recognised when received

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Other Trading Activities

Trading income is receivable in return for selling goods and/or providing services. Income from trading is recognised either

(i) When invoiced and/or received

(ii) For example, in the case of concerts for the year in question, irrespective of the date of receipt. Advance bookings are included in creditors.

Income from Investments

(i) Dividends are accounted for when due and payable. Interest entitlements are accounted for as they are received.

(ii) Rents from Property are recognised in accordance with rental agreements and when receipt is probable and measurable.

All Other Income

All other income is recognised in accordance with the above overall policy.

Gains and Losses on Investments

(i) Realised gains are recognised when the investments are sold.

(ii) Unrealised gains and losses are accounted for on revaluation – at 31[st] December.

Expenditure

Expenditure is accounted for on an accruals basis and are accounted for gross.

Grants

Grants and donations are accounted for when paid over or when awarded where the award creates a binding obligation on the PCC.

Church Activities

The diocesan parish contribution is accounted for on an annual basis reflecting the allocations set by our Deanery. Any parish contribution unpaid at the 31[st] December is provided for in these accounts as an operational (though not a legal) liability and is shown as a creditor in the balance sheet.

Fixed Assets

Consecrated and/or beneficed and/or heritage property of any kind is excluded from the accounts by s.10 (2) of the Charities Act 2011.

Moveable 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 but are not included in the financial statements. For other property acquired prior to 2001 there is insufficient cost information available and therefore the costs of such assets are not stated in the financial statements. Since that date assets acquired have been capitalised in the accounts and depreciated over their useful economic life.

All expenditure on consecrated or beneficed buildings and individual items costing under £1,000 are written off in the year they were incurred.

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Depreciation

Depreciation is calculated to write down the cost of tangible fixed assets, excluding freehold properties, over their expected useful lives. The rates applicable are

Computers	- 33%
Office equipment	- 20%
Other plant	- 10%

No depreciation is provided on freehold properties, as it is the PCC’s policy to maintain these assets in a continual state of sound repair. The useful economic life of these assets is so long and residual values so high that any depreciation would not be material. These assets will be subject to annual impairment reviews. Provision, however, will be made if there has been any permanent diminution in value

Taxation

The Church enjoys charitable status. As a charity the church is outside the scope of VAT in respect of its income.

Investments

Investments are stated at market value at the balance sheet date.

Current Assets

Amounts owing to the PCC at the financial year-end in respect of fees, rents and/or other income are shown as debtors less provision for amounts that may prove uncollectible.

Short-term deposits include cash held on deposit with the CBF Church of England Funds and/or at the bank.

Other

The Parish, under the terms of Mrs Moor’s (our original benefactor) will, own a further 3,016 shares in the CIFM Investment Fund. The terms of the bequest were that the money was to be used solely for the incumbent of the parish. At the time of the standardisation of stipends the income from these shares was passed to the diocese where it currently remains and is used by the diocese to offset the cost of clergy stipends.

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NOTES to the FINANCIAL ACCOUNTS For the Year Ended 31[st] December 2022

(1) ANALYSIS of INCOME and ENDOWMENTS:	Note	Unrestricted Funds	Restricted Funds	Endowment Funds	TOTAL FUNDS	TOTAL FUNDS
					2022	2021
Planned Giving (exc. Tax Refunds) Planned Giving (no Tax Refunds) Loose Cash Collections Patronal/Christmas Tree Festival Other Special Appeals Gift Aid Recovered Grants Legacies Other Income	(11) (18)	£ 43,057 8,756 9,483 8,254 - 13,167 - 1,000 6,769	£ 20 - - - - 100 - - 6,714	£ - - - - - - - - -	£ 43,077 8,756 9,483 8,254 - 13,267 - 1,000 13,483	£ 48,124 23,570 4,233 3,665 - 17,334 1,296 10,000 7,826
VoluntaryDonations and Legacies	1(a)	90,486	6,834	-	97,320	116,048
Fees for Weddings and Funerals		1,968	-	-	1,968	1,716
Charitable Activities	1(b)	1,968	-	-	1,968	1,716
Sales of Parish Magazines Hire of Church Hire of Church Hall Other Income		329 11,843 25,006 -	- - - -	- - - -	329 11,843 25,006 -	151 8,227 17,599 -
Other TradingActivities	1(c)	37,178	-	-	37,178	25,977
Bank and CBF Deposit Interest CCLA/M + G Investment Income Rent - 56 Reigate Road		953 693 18,200	522 2,194 -	- - -	1,475 2,887 18,200	51 2,792 18,199
Investments	1(d)	19,846	2,716	-	22,562	21,042

TOTAL RECEIVED on all FUNDS		149,478	9,550	-	159,028	164,783

Registered Charity 1131188

Page 17

NOTES to the FINANCIAL ACCOUNTS For the Year Ended 31[st] December 2022

(2) ANALYSIS of EXPENDITURE on:	Note	Unrestricted Funds	Restricted Funds	Endowment Funds	TOTAL FUNDS	TOTAL FUNDS
					2022	2021
Special Appeal Costs Fund Raising Investment Management Costs		£ - 1,103 8,350	£ - - -	£ - - -	£ - 1,103 8,350	£ - 657 12,160
Cost of RaisingFunds	2(a)	9,453	-	-	9,453	12,817
Missionary and Charitable Giving Diocesan Parish Share Clergy Expenses Salaries and Honoraria Inc. NI Upkeep of Services Church Running Costs Church Maintenance and Repair Bank Charges Depreciation Governance Other Expenditure	(4) (5) (8) (6) (19)	6,380 76,967 5,208 10,260 1,511 15,953 4,610 83 2,208 809 4,927	1,274 - - - 296 - 26,288 15 504 - 5,125	- - - - - - - - - - -	7,654 76,967 5,208 10,260 1,807 15,953 30,898 98 2,712 809 10,052	2,233 74,300 4,456 9,663 962 14,200 4,207 43 2,811 554 4,970
Cost of Charitable Activities	2(b)	128,916	33,502	-	162,418	118,399
Church Hall Costs Other Trading Costs	(20)	8,134 1,008	- -	- -	8,134 1,008	4,966 1,039
Other TradingActivities	2(c)	9,142	-	-	9,142	6,005

TOTAL EXPENDITURE on all FUNDS		147,511	33,502	-	181,013	137,221

Registered Charity 1131188

Page 18

NOTES to the FINANCIAL ACCOUNTS For the Year Ended 31[st] December 2022

(3) STATEMENT of CASH FLOWS	Note	2022	2021
Cash Flows from Operating Activities: Net Cash Provided by Operating Activities Cash Flows from Investing Activities Dividends, Interest and Rent from Investments Purchase of Plant and Equipment	(8)	£ (26,632) (2,836) 22,562	£ (5,401) (1,179) 21,042
Change in Cash and Cash Equivalents in the Reporting Period Cash and Cash Equivalents at the beginning of the Year	(15)	(6,906) 161,212	14,462 146,750
Cash at Bank and on Deposit at the end of the Year	(15)	154,306	161,212
Cash at Bank and on Deposit at the end of the Year	(15)	154,306	161,212
Reconciliation of Net Income/(Expenditure) to net Cash Flow from Operating Activities Net Income/Expenditure for the Reporting Period_(as per Statement of Financial_ Activities) Adjustment for - Depreciation Unrealised Gain/Losses on Investments Dividends, Interest and Rent from Investments Decrease/(Increase) in Debtors (Decrease)/Increase in Creditors	(9) (1d)	(38,708) 2,713 16,723 (22,562) 11,151 4,051	57,820 2,811 (30,258) (21,042) (19,992) 5,260
Net Cash Provided by (used in)OperatingActivities		(26,632)	(5,401)

Registered Charity 1131188

Page 19

NOTES to the FINANCIAL ACCOUNTS For the Year Ended 31[st] December 2022

NOTES to the FINANCIAL ACCOUNTS For the Year Ended 31stDecember 2022
(4) MISSIONARY and CHARITABLE GIVING	Note	Unrestricted Funds	Restricted Funds	Endowment Funds	TOTAL FUNDS
					2022	2021
Missionary and Charitable Giving Alzheimer’s Society Blind Veterans UK British Red Cross Emmaus (Sussex) Kidz Club Lovey Foundation Sponsorship of two Drama Students The Children’s Society Team Dominica Water Aid		£ 1,000 - 1,000 1,000 - - 1,250 1,000 1,130	£ - - -- 650 - 624 -	£ - - - - - - -	£ 1,000 - 1,000 1,000 650 - 624 1,250 1,000 1,000	£ - 500 500 - 200 433 600
Sub Total – Direct Giving	(4)	6,380	1,274	-	7,654	2,233
Additionally. The following activities were either organised by the Church and/or provided, free, the facilities and support for the following events to take place. The monies raised are not part of the church’s accounts.
Poppy Appeal (Remembrance Sunday)		-	-	-	-	-
TOTAL GIVING		-	-	-	7,654	2,233

(5) STAFF COSTS	Note	General Funds	Restricted Funds	Endowment Funds	TOTAL FUNDS	TOTAL FUNDS
					2022	2021
Remuneration Wages and Salaries Employer Social Security Costs Employers Cost to Defined Contribution Scheme		£ 10,076 20 164	£ - - -	£ - - -	£ 10,076 20 164	£ 9,494 19 150
	(5)	10,260	-	-	10,260	9,663

During the year the PCC employed a Director of Music and a Hall Cleaner. No member of the PCC, nor any person closely connected to them, received any form of remuneration. Other payments were made to PCC members in the year for reimbursement of expenses incurred on behalf of the PCC – namely Clergy support such as Council Tax, Water and Environmental Charges - £3,826 and reimbursement for telephone, postage, travelling expenses etc £1,223.

Registered Charity 1131188

Page 20

NOTES to the FINANCIAL ACCOUNTS

For the Year Ended 31[st] December 2022

(6) GOVERNANCE	Note	Unrestricted Funds	Restricted Funds	Endowment Funds	TOTAL FUNDS	TOTAL FUNDS
					2022	2021
Independent Examination Trustee Meetings		£ 608 201	£ - -	£ - -	£ 608 201	£ 554
TOTAL	(6)	809	-	-	809	554

(7) TRANSFERS

Transfer of Dividend Income to meet Relevant Expenditure in the General Fund

Organist Flower Fund Stoneham Garden Memorial Fund Assistant Priest Fund General Fund		- - - - 1,158	(1,033) (8) (117) - -	- - - - -	(1,033) (8) (117) - 1,158	(961) - (113) (1) 1,075

Transfer of Christmas Tree Festival Surplus to Outside Giving Fund

General Fund Outside GivingFund		(4,492) 4,492	- -	- -	(4.492) 4,492	(2,875) 2,875
Utilise Legacies received in 2022
Legacy Fund Church Fabric [Sound System] Organ Fund [Music] Church Fabric[Designated]Fund		(11,045) 6,000 600 4,445	- - - -	- - - -	(11,045) 6,000 600 4,445	- - - -

To Meet the Deficit on the Restricted Weathervane Fund


Church Fabric - Weathervane Fund Church Fabric – Weathervane (Designated Fund)		- (4,126)	4,126 -	- -	4,126 (4,126)	- -

To Meet the Deficit on the General Fund

Hall Fund Reigate Road Fund Church Fabric [Designated] Fund General Fund		(5,000) (8,526) - 13,526	- - - -	- - - -	(5,000) (8,526) - 13,526	(4,630) (5,300) (6,210) 16,140

TOTAL TRANSFERS	(7)	(2,968)	2,968	-	-	-

Registered Charity 1131188

Page 21

NOTES to the FINANCIAL ACCOUNTS

For the Year Ended 31[st] December 2022

For the Year Ended 31stDecember 2022
(8) FIXED ASSETS for CHARITABLE USE	Note	Freehold Land & Buildings	Church Equipment	Hall Equipment	TOTAL
ACTUAL/DEEMED COST At 01 January 2022 Additions		£ 1	£ 8,111 1,300	£ 6,740 1,536	£ 14,852 2,836
At 31 December 2022		1	9,411	8,276	17,688
DEPRECIATION At 01 January 2022 Charge for theyear		- -	3,166 1,254	4,421 1,458	7,587 2,712
At 31 December 2022		-	4,420	5,879	10,299
NET BOOK AMOUNT At 01 January 2022		1	4,945	2,319	7,265

At 31 December 2022	(8)	1	4,991	2,397	7,388

The freehold land and buildings are the Church Hall at 270 Dyke Road, Brighton. The value of the latter, on the advice of Church House, and in the absence of any written records, is shown at £1 - its written down value. The Hall was a gift to the parish in 1938. The current insurance value of this building (December 2022) is £1.4 million. Assets capitalised up to and including 2022 are the Candle Display Case and a new reprographic machine for the parish office. Church equipment comprises the amplification system, church chairs, the church central heating system, screen and projector and various items for the parish office. Hall assets capitalised are chairs, tables, central heating radiators, overhead projector equipment, and a water gas heater.

Although not owned by the Parish the insurance value of the church is £13.30 million.

(9) INVESTMENT ASSETS	Note	Unrestricted Funds	Restricted Funds	Endowment Funds	TOTAL 2022	TOTAL 2021
Market Value at 01 January 2022 Net Gains/(Losses) and Revaluation		£ - -	£ 38,691 (77)	£ 181,665 (16,646)	£ 220,356 (16,723)	£ 190,098 30,258
Market Value at 31 December 2022	(9)	-	38,614	165,019	203,633	220,356

Endowment shares comprise 7,714 shares in the CIFM Fund. These cost £3,857 in 1958. M + G Charifund Accumulation Units, bought in 2008 and 2009 for £8,000 and £4,000 respectively, comprise 133.398 units. The total holding of M + G units is for the Youth Fund.

Registered Charity 1131188

Page 22

NOTES to the FINANCIAL ACCOUNTS For the Year Ended 31[st] December 2022

(10) INVESTMENT FIXED ASSETS	Note	Unrestricted Funds	Restricted Funds	Endowment Funds	TOTAL 2022	TOTAL 2021
Market Value at 01 January 2022 Net Gains/(Losses) and Revaluation		£ - -	£ - -	£ 272,150 -	£ 272,150 -	£ 272,150 -
Market Value at 31 December 2022	(10)	-	-	272,150	272,150	272,150

The freehold land and buildings at 56 Reigate Road, Brighton was purchased in 1968 for £6,800. At the beginning of 2016 the property had an open market value of £537,500. The valuation was carried by Your Move (Estate and Letting Agents) of 38 Queens Road, Brighton, BN1 3XB an unrelated party to the Church. Half the independent valuation has been incorporated in the accounts because in the event of the house being sold only half of any proceeds (after any sale costs) are attributable to this parish. The insurance value of the house at 31 December 2022 is £479,195.

(11) LEGACY

The church received in 2022 a legacy (£1,000) from the estate of Gerry Hemmings.

Registered Charity 1131188

Page 23

NOTES to the FINANCIAL ACCOUNTS For the Year Ended 31[st] December 2022

NOTES to the FINANCIAL ACCOUNTS For the Year Ended 31stDecember 2022
	Note	Unrestricted Funds	Restricted Funds	Endowment Funds	TOTAL FUNDS
					2022	2021
(12) ANALYSIS of NET ASSETS by FUND		£	£	£	£	£
Fixed Assets for Church Use Investment Fixed Assets Investment Assets Current Assets Current Liabilities		4859 - - 114,096 (12,295)	2,528 - 38,614 52,063 (150)	272,150 165,020 - -	7,387 272,150 203,634 166,159 (12,445)	7,265 272,150 220,356 184,216 (8,394)
TOTAL	(12)	106,660	93,055	437,170	636,885	675,593

(13) DEBTORS

Income Tax Recoverable Prepayments and Accrued Income Legacy Debtors		2,100 6,911 - 2,842	- - - -	- - - -	2,100 6,911 - 2,842	2,544 6,222 10,000 4,238
TOTAL5,305	(13)	11,853	-	-	11,853	23,004

(14) CREDITORS: AMOUNTS FALLING DUE within ONE YEAR

Deferred Income Accruals		510 11,935	- -	- -	510 11,935	485 7,909
TOTAL	(14)	12,445	-	-	12,445	8,394

(15) ANALYSIS of CASH and CASH EQUIVILENTS

Cash Bank Current Accounts Deposit (No Notice)		40 40,677 113,589	- - -	- - -	40 40,677 113,589	- 49,098 112,114
	(15)	154,306	-	-	154,306	161,212

Registered Charity 1131188

Page 24

NOTES to the FINANCIAL ACCOUNTS For the Year Ended 31[st] December 2022

(16) STATEMENT of FUNDS	Note	Balances b/fwd – 01.01.2022	Income	Expenditure	Transfers/ Other Gains and Losses	Balances c/fwd – 31.12.2022
Endowed Funds		£	£	£	£	£
Organist Fund Hall Fund Vestment Fund Flower Fund Stoneham Garden Memorial Fund Mrs Moor’s Stipend Fund Assistant Priest Fund Church Hall Reigate Road		38,057 41,496 15,143 7,700 8,195 71,027 47 1 272,150	- - - - - - - - -	- - - - - - - - -	(3,487) (3,802) (1,388) (706) (751) (6,508) (4) - -	34,570 37,694 13,755 6,994 7,444 64,519 43 1 272,150
Restricted Funds Church Fabric Fund Organist Fund Junior Choir Fund Vestment Fund Centenary Fund Flower Fund Stoneham Memorial Garden Fund Assistant Priest Fund Youth Fund Bell Ringing Fund Church Fabric Fund - Weathervane Paschal Candle Display Case Vicars DiscretionaryFund		453,816 27,885 4,027 1,238 6,291 3,294 3,989 - - 41,407 2,069 18,999 3,055 1,862	- 232 1,033 10 661 3,518 514 117 2 267 17 3,163 - 16	- - - - (63) (4,247) - - - (2,399) - (26,288) (505) -	(16,646) - (1,033) - - - (8) (117) - (77) - 4,126 - -	437,170 28,117 4,027 1,248 6,889 2,565 4,495 - 2 39,198 2,086 - 2,550 1,878
Designated Funds Organ Fabric Fund Outside Charitable Giving Fund Hall Fund Hall Fabric Fund Reigate Road Fund Reigate Road Fabric Fund Legacy Fund Social Funds Church Fabric Funds Church Fabric – Sound System Church Fabric Fund - Weathervane		114,116 12,294 5,356 12 6,061 4,110 12,085 10,000 811 51,671 - 5,205	9,550 105 1,051 25,897 50 18,291 100 1,045 - 438 25 6	(33,502) - (6,580) (18,136) (8,993) - - - - - (1,086)	2,891 600 4,492 (5,000) (8,526) - (11,045) - 4,445 6,000 (4,125)	93,055 12,999 4,319 2,773 6,111 4,881 12,185 - 811 56,554 6,025 -
General Fund		107,605 56	47,008 102,469	(34,795) (112,716)	(13,159) 10,193	106,658 2
TOTAL	(16)	675,593	159,027	(181,013)	(16,722)	636,885

Registered Charity 1131188

Page 25

NOTES to the FINANCIAL ACCOUNTS For the Year Ended 31[st] December 2022

(17) STATEMENT of FINANCIAL ACTIVITIES	Unrestricted Funds	Unrestricted Funds	Restricted Funds	Restricted Funds	Endowment Funds	Endowment Funds	TOTAL	TOTAL
	2022	2021	2022	2021	2022	2021	2022	2021
INCOME from DONATIONS and LEGACIES Donations and Legacies Charitable Activities Other Trading Activities Investments Other Receipts	£ 90,486 1,968 37,178 19,846 -	£ 94,183 1,716 25,997 18,902 -	£ 6,834 - - 2,716	£ 21,865 - - 2,140 -	£ - - - - -	£ - - - - -	£ 97,320 1,968 37,178 22,562 -	£ 116,048 1,716 25,997 21,042 -
TOTAL INCOME EXPENDITURE on: Raising Funds Charitable Activities Other Trading Activities	149,478 9,453 128,916 9,142	140,778 12,817 116,181 6,005	9,550 - 33,502 -	24,005 - 2,218 -	- - - -	- - - -	159,028 9,453 162,418 9,142	164,783 12,817 118,399 6,005
TOTAL EXPENDITURE	147,511	135,003	33,502	2,218	-	-	181,013	137,221
NET INCOME or (EXPENDITURE) TRANSFERS between FUNDS OTHER RECOGNISED GAINS/(LOSSES) Unrealised Gains/(Losses) on Investments	1,967 (2,968) -	5,775 1,075 -	(23,952) 2,968 (77)	21,787 (1,075) 6,191	- - (16,646)	- - 24,607	(21,985) - (16,723)	27,652 - 30,258
NET MOVEMENT in FUNDS	(1,001)	6,850	(21,061)	26,903	(16,646)	24,067	(38,708)	57,820

Registered Charity 1131188

Page 26

NOTES to the FINANCIAL ACCOUNTS For the Year Ended 31[st] December 2022

	Note	Unrestricted Funds	Restricted Funds	Endowment Funds	TOTAL FUNDS	TOTAL FUNDS
					2022	2021
(18) OTHER INCOME Social Activities Sundry Income Centenary Fund Donations and Sales Youth Fund Donations Church Fabric - Weathervane Artists Open House Festival Flowers		£ - 4,225 - - - 2,544 -	£ - - 3,377 206 3,131 - -	£ - - - - - - -	£ - 4,225 3,377 206 3,131 2,544 -	£ - 5,968 - - - 1,858 -
TOTAL	(18)	6,769	6,714	-	13,483	7,826
(19) OTHER – CHARITABLE ACTIVITIES Equipment Purchased Artists Open House Festival Youth Fund Activities Sundry Expenditure Vestment Fund Centenary Fund Activities		988 2,290 - 1,649 - -	- - 1,125 63 3,937	- - - - - -	988 2,290 1,125 1,649 63 3,937	1,144 1,680 - 2,146 - -
TOTAL	(19)	4,927	5,125	-	10,052	4,970
(20) OTHER – TRADING COSTS Fees		1,008	-	-	1,008	1,039
TOTAL	(20)	1,008	-	-	1,008	1,039

Registered Charity 1131188

Page 27

NOTES to the FINANCIAL ACCOUNTS For the Year Ended 31[st] December 2022

10 YEAR HISTORY of SELECTED ITEMS of INCOME and EXPENDITURE

NUMBER of REGULAR DONORS

2013	2014	2015	2016	2017	2018	2019	2020	2021	2022

70	64	61	62	56	53	52	51	50	53

GENERAL FUND – TOTAL INCOME and EXPENDITURE

	2013	2014	2015	2016	2017	2018	2018	2020	2021	2022
	£	£	£	£	£	£	£	£	£	£

Income	74,018	79,933	75,768	75,129	81,837	86,468	86,468	70,438	92,900	102,469

Expenditure	(98,091)	(97,892	(100,619) (	102,690) (	105,815) (	103,350) (	103,350) (	100,728) (	_105,305) _	(112,176)

_Surplus/(Deficit) _	_(24,073) _	_(17,959) _	_(24,851) _	_(27,561) _	_(23,978) _	_(16,882) _	_(16,882) _	_(30,290) _	(12,405)	(9,707)

GENERAL FUND – FUND RAISING ACTIVITIES

2013	2014	2015	2016	2017	2018	2019	2020	2021	2022
£	£	£	£	£	£	£	£	£	£

7,017	8,031	10,802	8,085	10,155	7,774	11,940	2,052	3,665	8,254

GENERAL FUND - PAID to the DIOCESE – to cover DIOCESAN and NATIONAL CHURCH EXPENDITURE

2013	2014	2015	2016	2017	2018	2019	2020	2021	2022
£	£	£	£	£	£	£	£	£	£

64,720	66,056	67,981	69,958	72,060	67,608	71,883	74,035	74,300	76,967

Registered Charity 1131188