## **Emmanuel Parish Church Cambridge Road, Southport**
Annual Report including Financial Report of the Parochial Church Council
For the year ended 31 December 2022
Registered Charity No. 1131223
© Diocese of Liverpool
## **EMMANUEL PARISH CHURCH PCC**
## **INDEX TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
||**Page**|
|---|---|
|Reference and Administrative Information|1|
|Report of the PCC|2 - 6|
|Independent Examiners' Report|7|
|Statement of Financial Activities|8|
|Balance Sheet|9|
|Notes to the Financial Statements|10 - 13|
|Church Groups Accounts|14|
|Budget|15|
## **EMMANUEL PARISH CHURCH PCC**
## **REFERENCE AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2022**
**Address:** Emmanuel Church, Cambridge Road, Southport, PR9 9RP **Official Correspondence to:** The Secretary, 11 Melrose Avenue, Southport, PR9 9UY **Registered Charity Number:** 1131223
## **PCC Members include:**
|Incumbent:|Rev Stewart McTaggart|Rev Stewart McTaggart|
|---|---|---|
|Curate:|**Vacant**||
|Treasurer:|Mr Gordon Ross|- from March 2023|
|Readers:|Mrs Jean Lee||
|Churchwardens:|Mrs Linda Dewing||
||Mrs June Redman||
|Deanery Synod Representatives:|Mrs Nikki Brydon||
||Mrs Linda Dewing||
||Mr John Fell||
||Mrs Elaine McLoughlin||
|Elected Members:|Mrs Nikki Brydon||
||Mr John Fell||
||Mrs Sue Gore||
||Miss Elaine Hiorns||
||Dr Brian Hodge||
||Dr Suzanne Hodge||
||Mrs Elaine McLoughlin||
||Mr Gordon Ross||
||Mrs Karen Sacker||
||Mr Eric Wall||
||Mrs Kathleen Young||
|Electoral Role Officer:|Mrs Irene Greenwood||
|Secretary:|Mrs Elaine McLoughlin||
|Safeguarding Officer:|Mrs Marian Pope|- to September 2022|
||Mrs Jean Stocks|- from March 2023|
|**Bankers:**|Nat West Bank, 130 Lord Street, Southport, PR9 0AB||
|**Independent Examiners:**|Lifestyles Accountancy, 39 Kirklees Road, Southport, PR8 4RB||
|**Legal Advisers:**|Hill Dickinson, St Pauls Square, Liverpool, L3 9SJ||
|**Architect:**|Mr Bramham, NJSR, 57-59 Hoghton Street, Southport, PR9 0PG||
Page 1 of 15
## **EMMANUEL PARISH CHURCH PCC**
## **REPORT OF THE PCC FOR THE YEAR ENDED 31 DECEMBER 2022**
## **STRUCTURE, MANAGEMENT AND GOVERNANCE**
Emmanuel Parish Church PCC operates under the Parochial Church Council Powers Measure 1956. We are a registered charity with charity number 1131223.
Appointment of PCC members is set out in the Church Representation Rules. All members of the Church are encouraged to register on the Electoral Roll and to stand for election to the PCC. The PCC has three subcommittees: the Standing Committee, which consists of the Incumbent, one Reader, two Churchwardens, Treasurer, Chair of Finance and secretary; Finance Committee; and Fabric Committee. Ad hoc committees are convened as and when required.
Day to day management of the Church is exercised by the vicar in conjunction with the standing committee of the PCC which includes the Churchwardens: Mrs Linda Dewing and Mrs June Redman.
## _**Risk Assessments**_
To identify the major risks the PCC undertake a risk assessment. Procedures are then put in place to manage those risks and minimise their impact on the life of the church. The main areas are set out below:
## _Financial Risk_
An annual budget is prepared and monitored against actual performance. The Finance committee reviews the results on a regular basis and provides reports to each meeting of the PCC. The church’s investments are also reviewed annually, and whenever reports from the diocesan fund managers are received. A report is then provided by the Finance committee to the PCC. Investments are made only in funds approved by the diocese and managed by CCLA Investment Management Ltd specifically for charities. Buildings and tangible assets are insured and levels regularly reviewed. A system of internal control has been approved by the PCC to cover cash handling, payments and bank transfers, and this system is kept under regular review.
## _Health and Safety_
Reviews are undertaken regularly by a member of the church. The PCC are informed of any risks and any action that has been taken. Procedures are in place for recording accidents. The procedures are reported annually to the PCC.
## _Safeguarding_
PCC members and those working with children or vulnerable adults are checked, registered and trained in accordance with the Diocesan Safeguarding Policy. The policy was last reviewed in 2021 and put into place. Online training for volunteers has been completed. A copy of the most recent updated policy is included in this report.
Formal risk assessments are recorded in the PCC’s Risk Register and reviewed annually. The Risk Register is kept with the Accident Recording book in the Churchwardens’ office.
Page 2 of 15
## **EMMANUEL PARISH CHURCH PCC**
**REPORT OF THE PCC (continued) FOR THE YEAR ENDED 31 DECEMBER 2022**
## **OBJECTIVES AND AIMS**
The PCC (Powers) measure 1956 states "the PCC is to co-operate with the minister in promoting in the parish the whole mission of the Church, pastoral, evangelical, social and ecumenical."
Membership of the PCC also involves the acceptance of the responsibilities laid down in the Synodical Government Measure 1969 relating to PCCs and the other legal responsibilities involved.
The PCC has given consideration to the Charity Commission's guidance on public benefit and, in particular to he specific guidance to charities concerned with the advancement of religion. Our objectives in the year were to provide the following public benefits:
## **Our mission is to bring God into people's lives; our purpose here is to serve Jesus Christ.**
Our objectives for 2022 included the following:
- = We are fully committed to the LYCIG course to grow Emmanuel in numbers and discipleship.
- = To open a playgroup for tots and their carers, (Emmanuel Sunbeams).
- = To install new boilers to ensure Church heating is kept to a comfortable temperature.
- = To continue to pursue links with Stanley School and Marshside School whilst maintaining and increasing the foothold already in Larkfield School.
- = Continue ongoing safeguarding training as and when required.
- = To celebrate the Queen’s Jubilee with 4 days of family activities.
- = To recommence and increase mission events closed through the pandemic, holiday club, strawberry tea, fairs etc.
In 2022:
- = We held the LYCIG course for all members of the PCC to attend. We currently have the final two sessions to hold.
- = Emmanuel Sunbeams is still being pursued and planned for.
- = The boilers are now due to be fitted in January 2023. These were delayed due to the manufacturer going into receivership.
- = Stewart has continued to work with Larkfield School and is on the Governing body.
- = Safeguarding matters appear on the Agenda of every PCC meeting, dealing with any updates given from the Diocese.
- = We celebrated the Queen’s Jubilee with a family fun day, worship and a strawberry tea.
- = This year we held a successful Easter and Christmas extravaganza, which consisted of a contemporary service with crafts and competitions for the children. Also outreach events included a strawberry tea, hotpot and film night, New Year service and buffet, a successful Christmas Fair and the 3C’s has continued to meet every fortnight. Unfortunately, the Holiday Club did not go ahead due to lack of numbers, but we look forward to holding Holiday Club once again in July 2023.
Page 3 of 15
## **EMMANUEL PARISH CHURCH PCC**
**REPORT OF THE PCC (continued) FOR THE YEAR ENDED 31 DECEMBER 2022**
## **ACHIEVEMENTS AND PERFORMANCE including review of charitable objectives**
We aimed to achieve all the objectives set out, however some of these are ongoing and some will be addressed in the course of 2023.
## **The electoral roll**
There were 90 (2021 - 91) names on the electoral roll for this year.
## **Worship**
The average weekly attendance was 52. Midweek Communion average attendance was 7. Messy Church continued monthly with 6 children and 16 adults attending. Easter saw 34 at the Maundy Thursday Service and 24 adults and 2 children on Good Friday. 109 adults and 11 children attended on Easter Sunday. On Easter Saturday we had 21 adults and 22 children at the Easter extravaganza. There were 66 people in attendance at the Midnight Communion service on Christmas Eve. During the year Emmanuel held 10 Baptisms, 5 Weddings and 9 funerals in church. There were 8 funerals held at the Crematorium and 3 burial of ashes in the Garden of Remembrance.
## **Pastoral care and service to our community**
Rev Stewart McTaggart has visited parishioners and provided Pastoral care and support this year.
Holiday club did not take place this year due to lack of children booking in, but is planned to take place in July 2023. Messy Church continued monthly in 2022.
Once again we hosted Larkfield annual Christmas Carol Service with over 1,400 children and adults attending.
The Mother’s Union, Prayer Group, Bible Study have not resumed as yet, but the Bowling Club have met this year.
## **Youth and Children's Work**
The Beavers, Cubs, Scouts, Rainbows, Brownies and Guides continue to meet. Rev Stewart McTaggart has visited the uniformed organisations, developing our links with them. The uniformed organisations have taken part in services and got involved with the Christmas Fair.
As previously mentioned, the Children’s Holiday Club did not go ahead this year due to lack of numbers. Leaders look forward to holding the Holiday Club once again in the Summer of 2023.
Messy Church congregation continue to meet on a monthly basis.
## **Other Activities**
We hosted Southport Orchestra at Christmas. They have 3 events with us booked in for 2023. We also have a booking for a “Come and Sing” event with the Bach Choir in the Spring of 2023. We were able to hold a Christmas Fair in December and plan to have a Summer Fair as well in 2023.
Page 4 of 15
## **EMMANUEL PARISH CHURCH PCC**
**REPORT OF THE PCC (continued) FOR THE YEAR ENDED 31 DECEMBER 2022**
## **ACHIEVEMENTS AND PERFORMANCE including review of charitable objectives - continued**
## **Church Buildings**
General maintenance has been carried out to the church and halls as required. The grounds have continued to be maintained by a willing group of volunteers and we are continuing to pay a gardener to help volunteers with this task.
The church is in general good order. The terrier and inventory have been maintained and all goods and chattels remain in place.
## **FINANCE, GIVING, FUNDRAISING, FINANCIAL REVIEW AND INVESTMENTS**
The accounts for 2022 show income of £342,937 compared to £103,314 in 2021. Ordinary weekly giving was a touch above £32,000 compared to around £43,000 in 2021 which appears to now be back to normal, prepandemic levels.
During the year a very generous legacy of £253,334 was left to the church without financial restriction. The PCC are considering to what use this will be put toward beyond the immediate and necessary repair and new boiler costs of around £85,000 spent in this year with a further £75,000 planned to spend in 2023 on repair works.
Total expenditure was £152,228 compared to £115,580 in 2021. This was higher as we spent £85,524 on repair works and a new boiler from the money left as a legacy in the year compared to repair costs in 2021 of £23,652.
The investments in the endowment funds continue to be managed by CCLA and showed a decrease in 2022 of around £31,000 despite an increase last year of around £28,000. The original legacy of £110,000 has now increased in value to £229,104 and produces a yield of around 3% for maintenance of the church activities.
Our budget for 2023 generally maintains the previous years levels and shows planned expenditure of £109,500 including £65,000 for parish share. Anticipated income of £86,500 is more optimistic given that the worst of the pandemic is behind us although the current economic climate is still uncertain. We expect an operational deficit of £23,000 which will have to come from our reserves that have accumulated due to the legacy received in the year.
Page 5 of 15
## **EMMANUEL PARISH CHURCH PCC**
**REPORT OF THE PCC (continued) FOR THE YEAR ENDED 31 DECEMBER 2022**
## **PLANS FOR THE FUTURE**
Our objectives for the coming year include:
- = To continue to build on relationships made with the uniformed organisations.
- = To continue to develop links made with Larkfield, Marshside and Stanley Schools.
- = To ensure safeguarding training and DBS checks are constantly reviewed.
- = Emmanuel Sunbeams to progress to opening.
- = to resume a House Group Bible Study.
- = To restart the Prayer Group.
- = To celebrate the Coronation with outreach in the form of a cream tea for those in the parish.
- = To celebrate 125 years of Emmanuel – memorabilia displayed in Church over the weekend followed by a special service and buffet lunch.
- = To continue to explore opportunities for mission and outreach events.
This report was approved by the PCC on 7 March 2023 and signed on its behalf by:
….............................. Rev Stewart McTaggart Vicar
Page 6 of 15
## **EMMANUEL PARISH CHURCH PCC**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2022**
This report on the financial statements of the PCC for the year ended 31 December 2022, which are set out on pages 8 to 15 is in respect of an examination carried out in accordance with the Church Accounting Regulations 2006 ('the Regulations') and section 145 of the Charities Act 2011 ('the 2011 Act').
## **Respective responsibilities of the PCC and the examiner**
The members of the PCC are responsible for the preparation of the accounts. The members of the PCC consider that an audit is not required for this year under section 144(2) 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
- to state whether particular matters have come to my attention.
## **Basis of independent examiner's statement**
My examination was carried out in accordance with General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the PCC 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 PCC 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 the course of my examination, no matter has come to my attention:
- 1) which gives me reasonable cause to believe that, in any material respect, the PCC have not met the requirements to ensure that:
- to keep accounting records in accordance with section 130 of the 2011 Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting
- requirements of the 2011 Act; or
- 2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
….............................. 20 July 2023 Signed Dated
Daniel Styles FCA Chartered Accountant Lifestyles Accountancy Limited 39 Kirklees Road Southport PR8 4RB
Page 7 of 15
## **EMMANUEL PARISH CHURCH PCC**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022**
|**Note**
**INCOME AND ENDOWMENTS**
Donations and Legacies
2a
Income from trading activities
2b
Investment Income
2c
Income from charitable activities
2d
**TOTAL INCOME AND ENDOWMENTS**
**EXPENDITURE**
Charitable activities
3a
Fundraising costs
3b
**TOTAL EXPENDITURE**
**NET INCOME/(EXPENDITURE) before**
**gains and losses on investments**
Gain/(loss) on investments - unrealised
**NET INCOME/(EXPENDITURE)**
**BALANCES at 1 January 2022**
**BALANCES at 31 December 2022**|**Unrestricted**
**Restricted**
**Endowment**
**TOTAL**
**TOTAL**
**Funds**
**Funds**
**Funds**
**2022**
**2021**
**£**
**£**
**£**
**£**
**£**
300,766
-
-
300,766
69,106
21,084
-
-
21,084
21,478
10,561
-
-
10,561
7,508
10,526
-
-
10,526
5,222
342,937
-
-
342,937
103,314
190,709
-
-
190,709
113,863
-
-
-
-
1,717
190,709
-
-
190,709
115,580
152,228
-
-
152,228
(12,266)
(218)
-
(31,118)
(31,336)
27,992
152,010
-
(31,118)
120,892
15,726
134,560
5,406
260,222
400,188
384,462
286,570
5,406
229,104
521,080
400,188|
|---|---|
Page 8 of 15
## **EMMANUEL PARISH CHURCH PCC**
## **BALANCE SHEET FOR THE YEAR ENDED 31 DECEMBER 2022**
|**Notes**
**FIXED ASSETS**
Tangible
5
Investments
5
**CURRENT ASSETS**
Debtors & prepaid expenses
Short term CCLA deposits
Bank balances
**CURRENT LIABILITIES**
Creditors-amounts falling due in one year
**NET CURRENT ASSETS**
**TOTAL NET ASSETS**
**PCC FUNDS**
Endowment
5
Restricted
6
Designated
6
Unrestricted
6|**2022**
**£**
1,000
230,744
4,500
244,189
45,800
294,489
5,153
5,153
289,336
**521,080**
229,104
5,406
142,348
144,222
**521,080**|**2021**
**£**
1,000
262,080
4,500
112,168
37,222
153,890
16,782
16,782
137,108
**400,188**
260,222
5,406
142,348
(7,788)
**400,188**|
|---|---|---|
Approved by the PCC on 7 March 2023 and signed on its behalf by:
…………………………………… Mrs Linda Dewing Churchwarden
…………………………………… Rev Stewart McTaggert Vicar
Page 9 of 15
## **EMMANUEL PARISH CHURCH PCC**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **1 ACCOUNTING POLICIES**
The financial statements have been prepared in accordance with 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 R of I (FRS 102) as amended.
The financial statements have been prepared under the Charities Act 2011 and the 2008 accounting and reporting regulations based on the current version of the Charities SORP (FRS102). Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated. The financial statements include all transactions assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their affiliation to another body nor those that are informal gatherings of church members.
## **Funds**
_Endowment Funds_ are funds the capital of which cannot be used but the income can be used for general purposes.
_Restricted Funds_ represent donations or grants received for a specific purpose and can only be used for that purpose. Any balance left is carried forward in that fund. The funds are not separately invested and interest received is apportioned to individual funds on an average balance basis.
_Designated Funds_ represent grants or donations to general funds which have been subsequently designated by the PCC for specific purposes and can be undesignated back to general funds at a later date by the PCC.
_Unrestricted Funds_ are general funds which can be used for the ordinary purposes of the church. Funds not immediately required are invested on short term deposit with CCLA deposit funds.
## **Income and endowments**
Planned giving, collections and donations are recognised when received. Tax refunds are recognised when the income to which they relate is received. Grants and legacies are accounted for when the PCC is legally entitled to the specified amount and where appropriate treated as restricted funds. Dividends are accounted for when receivable and interest is accrued. All other income is recognised when it is receivable. All income is accounted for gross without deducting related expenditure. Donated professional services and facilities are recognised as income at open market value when the charity has control over the item. General volunteer time is not recognised.
## **Expenditure**
Grants and donations are accounted for when paid or when awarded by the PCC. Parish share is accounted for when due. Donations for mission, wedding and funeral fees for occasional offices and expenditure out of restricted grants and donations are dealt with as restricted funds. All other expenditure is generally recognised when it is incurred and is accounted for gross without deducting related income.
## **Fixed Assets**
Consecrated and benefice property is not included in the accounts in accordance with s.10 (10)(a) 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 inalienable property listed in the church's inventory. Anything purchased or donated after 2005 costing or valued over £1,000 will be shown in the accounts as furnishings. Equipment used within the church premises and halls is depreciated over four years but items costing or valued at less than £1,000 are written off in the year of acquisition. Land at Radnor Drive has been included at an estimated value of £1,000 as no historic cost information is available. Investments are valued at market value at 31 December.
Page 10 of 15
## **EMMANUEL PARISH CHURCH PCC**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2022**
## **1 ACCOUNTING POLICIES (continued) Reserves**
The PCC is encouraged to hold reserves to meet regular anticipated expenses for three months which would amount to around £30,000. At present the free general reserves are in surplus by £144,222 (2021 £7,788 overdrawn) excluding designated funds. The increase in the year as a result of receiving a very generous legacy of £253,334. It is now no longer necessary to use part of the designated mission fund to cover the ongoing deficit but progress is being sought towards increasing regular giving through the Giving in Grace programme and other initiatives over the next few years.
## **2 INCOME AND ENDOWMENTS**
|a _Donations and legacies:_
Planned giving
Income tax and vat recoverable
Cash collections
Legacies
Sundry donations
Insurance claims and grants
b _Income from trading activities:_
Fetes,concerts and attic sales
Church halls income
Tower rental income
c _Investment income:_
Endowment bequest interest
CBF funds interest
Radnor Drive rent
d _Income from charitable activities:_
Wedding & funeral fees
**TOTAL INCOME AND ENDOWMENTS**|**Unrestricted**
**Restricted**
**TOTAL**
**Funds**
**Funds**
**2022**
**£**
**£**
**£**
25,387
-
25,387
5,115
-
5,115
6,794
-
6,794
253,334
-
253,334
-
-
-
10,136
-
10,136
300,766
-
300,766
2,742
-
2,742
3,507
-
3,507
14,835
-
14,835
21,084
-
21,084
6,840
-
6,840
2,021
-
2,021
1,700
-
1,700
10,561
-
10,561
10,526
-
10,526
10,526
-
10,526
**342,937**
**-**
**342,937**|**TOTAL**
**2021**
**£**
29,553
5,372
13,472
20,000
709
-
69,106
-
2,195
19,283
21,478
5,857
951
700
7,508
5,222
5,222
**103,314**|
|---|---|---|
Page 11 of 15
## **EMMANUEL PARISH CHURCH PCC**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2022**
|**3**
**EXPENDITURE**
a _Church activities and mission:_
LDBF - Ordinands fund
Messy church & equipment
Charity donations
_Ministry activities:_
Parish share
Wedding & funeral fees
Clergy housing
Clergy locums travel & phones
_Church buildings & worship:_
Heat, light, water & insurance
Repairs & maintenance
Church halls costs
Musicians & equipment repairs
Services, stationery & magazine
Independent examiners fees
a _Total church activites and mission costs_
b _Fundraising costs:_
Cost of generating funds
**TOTAL EXPENDITURE**|**Unrestricted**
**Restricted**
**TOTAL**
**Funds**
**Funds**
**2022**
**£**
**£**
**£**
-
-
-
412
-
412
614
-
614
1,026
-
1,026
59,860
-
59,860
10,740
-
10,740
5,846
-
5,846
1,100
-
1,100
77,546
-
77,546
12,274
-
12,274
85,525
-
85,525
4,470
-
4,470
3,259
-
3,259
6,509
-
6,509
100
-
100
112,137
-
112,137
190,709
-
190,709
-
-
-
-
-
-
**190,709**
**-**
**190,709**|**TOTAL**
**2021**
**£**
1,759
-
-
1,759
63,111
4,095
807
784
68,797
12,212
23,652
4,532
714
2,097
100
43,307
113,863
1,717
1,717
**115,580**|
|---|---|---|
## **4 STAFF COSTS**
During the year the PCC engaged an organist and verger for church and cleaners for the halls who received fees for performances under a contract for services not under a contract of employment. Gardening and cleaning services were provided for church buildings on a voluntary basis. No payments other than for minor expenses were paid to PCC members or their families. A small portion of the expenses paid to the incumbent may have related to their services as chair of the PCC.
Page 12 of 15
## **EMMANUEL PARISH CHURCH PCC**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2022**
## **5 FIXED ASSETS**
## **(a) Tangible**
Land at Radnor Drive, Churchtown presently held on long lease from Sefton Council until 2041 at a rent of £20 per annum and currently used by Emmanuel Scout group has been valued on current use at £1,000 by the PCC.
|**(b) Investments**
**Units**
**Endowment Funds**
CBF Investment growth shares
9,855.84
CBF Fixed interest funds
18,577.07
**Unrestricted Funds**
CBF Investment income shares
79.36|**Cost**
**Market value**
**2022**
**£**
**£**
97,171
203,635
32,380
25,469
129,551
229,104
953
1,640
130,504
230,744|**Market value**
**2021**
**£**
230,805
29,417
260,222
1,858
262,080|
|---|---|---|
## **6 FUNDS**
## **(a) Endowment Funds**
The endowment fund is a permanent endowment of the Foinquinos bequest which requires that only the income can be spent on the general work and ministry of the church with the capital invested.
## **(b) Restricted Funds**
|Charities & Mission
Memorial Chapel|**2022**
**Income**
**Expended**
**£**
**£**
**£**
1,568
-
-
3,838
-
-
5,406
-
-|**2021**
**£**
1,568
3,838
5,406|
|---|---|---|
The Memorial Chapel Fund is restricted to improvements to the Chapel in the South Transept. Other Restricted Funds are to be used in accordance with their restriction.
## **(c) Unrestricted Funds**
|**(c) Unrestricted Funds**
Mission Fund - Designated
Legacy Fund - Designated
Total Designated Funds
General Fund|**2022**
**£**
137,348
5,000
142,348
144,222
286,570|**2021**
**£**
137,348
5,000
142,348
(7,788)
134,560|
|---|---|---|
The Mission Fund is designated for use in the wider mission of the church. The Legacy Fund is designated to improve church growth.
## **7 Analysis of net assets by fund:**
|Fixed assets
Net current assets
Fund balance|**Unrestricted**
**Restricted**
**Endowment**
**TOTAL**
**TOTAL**
**Funds**
**Funds**
**Funds**
**2022**
**2021**
**£**
**£**
**£**
**£**
**£**
2,640
-
229,104
231,744
263,080
283,930
5,406
-
289,336
137,108
286,570
5,406
229,104
521,080
400,188|
|---|---|
Page 13 of 15
## **EMMANUEL PARISH CHURCH PCC**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2022**
## **8 CHURCH GROUPS ACCOUNTS**
|**Group**
**Purpose**
**Bank**
Bowling Club
Britannia
Choir
Abbey
Events
To provide bowling facilities for
parishioners
To help with choral facilities &
membership in church from choir
fees received
To promote mission, fellowship &
fun with events funded by|**Balance**
**Balance**
**31 12 21**
**Receipts**
**Payments**
**31 12 22**
**£**
**£**
560
1,619
1,332
847
1,737
200
-
1,937
785
1,345
1,231
899
**3,082**
**3,164**
**2,563**
**3,683**|
|---|---|
Scouts, Guides and Mothers Union groups are responsible to their own Charitable Bodies. Other Emmanuel groups not listed above do not maintain separate bank and cash funds but process their transactions through the Church's general funds.
Page 14 of 15
## **EMMANUEL PARISH CHURCH PCC**
## **BUDGET INCOME AND EXPENSES FOR THE YEAR ENDED 31 DECEMBER 2022**
|**Income**
Cash collections
Planned giving
Sundry donations
Tax refunds
Fees and Mast Income
Events
Halls income
Magazines & other income
Investment Income
Insurance claims and grants
Gift Day excluding tax
**Total Income**
**Expenditure**
Parish share
Ministry and fees
Church heat, light, water, insurance
Halls heat, light, water, insurance & repairs
Worship services, mission & office
**Total Expenditure**
**_Operating (Deficit) for the year_**
**_Grants and Legacies_**
**_Church repairs_**
**_Loss on Investments_**
**_Adjusted (Deficit)/Surplus_**|**Budget**
**2023**
15,000
25,000
-
5,000
18,500
6,000
4,000
1,000
8,000
-
4,000
**86,500**
65,000
6,000
16,000
7,500
15,000
**109,500**
**_(23,000)_**
-
(75,000)
-
**_(98,000)_**|**Actual**
**Budget**
**2022**
**2022**
6,794
8,000
25,387
25,000
-
5,000
5,115
10,000
27,061
18,500
2,742
6,000
3,507
9,000
-
1,000
8,861
8,000
10,136
-
-
4,000
**89,603**
**94,500**
59,860
65,000
17,686
6,000
12,274
12,000
4,470
7,500
10,894
10,000
**105,184**
**100,500**
**_(15,581)_**
**_(6,000)_**
253,334
-
(85,525)
(5,000)
(31,336)
-
**_120,892_**
**_(11,000)_**|
|---|---|---|
Page 15 of 15