2022-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of St Swithun, East Grinstead.

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Annual	Annual	Annual	Report and Financial Statements	Report and Financial Statements	Report and Financial Statements	Report and Financial Statements	Report and Financial Statements	Report and Financial Statements
					of	the
			Parochial		Church		Council
			for	the year ended		31 December 2022
								Page
Contents								2
Administrative Information		and		Membership				3
Structure, Governance	and		Management					3
Aim and Purpose								4
What we planned to do	to achieve our charitable					objectives		4
What we achieved and	how		we	affected beneficiaries'			lives	4-6
Financial Review								7
Parish Planned Giving	in	2022						7-9
Reserves Policy								9
Investment Policy								9
Risk Management								9-10
Independent Examiner's		Report						11
Statement of Financial Activities				2022 and 2021				12-13
Balance Sheet								14
Notes to the Financial Statements								15
1. Accounting Policies								15-16
2. Incoming Resources								16-17
3. Resources Expended								18-19
4. Allocation ofSupport			and	Governance	Costs			19
5. Staff Costs								19
6. Parish Share								20
7. Fixed Assets								20-21
8. Investments								21
9. Debtors								22
10. Creditors								22
11. Statement of Funds		2022		and 2021				23-24
12. Impact of COVID	19							24
Detailed notes to the Statement				of Financial	Activities:
Incoming Resources								25
Resources Expended								26
Outward Giving Donations								27

Current financial year		Unrestricted Funds	Designated Funds	Restricted Funds	Endowment Funds	Year Ended 31 Dec 2022	Year Ended 31 Dec 2021
		2	2	2	2	Total Funds	Total Funds
						2	f
	Notes
INCOMING RESOURCES
Donations and Legacies	2a	136,703		36,052		172,755	146,669
Other fundraising Activities	2b	6,698				6,698	5,536
Investments	2c	34,646			15	34,661	32,631
Church Activities	2d	29,447		7,554		37,001	64,710
Total Incoming Resources		207,494		43 606	15	251 116	239546
RESOURCES EXPENDED
Costs of Raisin Funds
Voluntary Income	3a	410				410
Fundraising Costs	3b
Costs of renting property	30	2,934				2,934	2,500
Ex enditure on Charitable
Activities
Church Activities	3d	222,833		15,118	15	237,966	254,444
Total Resources Expended
		226 177		15,118	16	241 310	256,944
Net Incoming Resources		(18,683)		28,488		9,805	(17,398)
before gains / (losses) on
Investments and transfers
Revaluation on investments			(69,751)			(69,751)	65,209
Revaluation on fixed assets							150,000
Transfers between funds		28,922		(28,922)
Net Movement in Funds		10,239	(69,751)	(434)		(59,946)	197,811
Reconciliation of Funds
Total Funds Brought Forward
at 1 January 2022		38809	1 187661	33647	2 690	1 262 807	1 064996
Total Funds Carried Forward
at 31 December 2022		49,048	1,117,910	33,213	2,690	1,202,861	1,262,807

	f	or the year	ended 31	December	2021
Prior financial year		Unrestricted Funds	Designated Funds	Restricted Funds	Endowment Funds	Year Ended 31 Dec 2021	Year Ended 31 Dec 2020
		0	0	0	0	Total Funds f	Total Funds f
	Notes
INCOMING RESOURCES
Donations and Legacies	2a	143,750		2,919		146,669	146,017
Other fundraising Activities	2b	5,536				5,536	3,829
Investments	2c	32,616			15	32,631	34,091
Church Activities	2d	50,831		3,879		54,710	19,528
Total Incoming Resources		232733		6798	15	239546	203465
RESOURCES EXPENDED
Costs of Raisin Funds
Voluntary Income	3a
Fundraising Costs	3b
Costs of renting property	3c	2,500				2,500	2,549
Ex enditure on Ch ritable
~Ac ivities
Church Activities	3d	239,650		14,779	15	254,444	308,087
Total Resources Expended
		242,150		14779	15	256 944	310,636
Net Incoming Resources before gains /(losses) on		(9,417)		(7,981)		(17,398)	(107,171)
investments and transfers
Revaluation on investments			65,209			65,209	26,976
Revaluation on fixed assets			150,000			150,000
Transfers between funds		(21,000)	20,000	1,000
Net Movement in Funds		(30,417)	235,209	(6,981)		197,811	(80,195)
Reconciliation of Funds
Total Funds Brought Forward
at 1 January 2021		69226	952452	40628	2,690	1 064996	1 145191
Total Funds Carried Forward
at 31 December 2021		38,809	1,187,661	33,647	2,690	1,262,807	1,064,996

	Notes	unrestricted	Designated	Restricted	Endowment		2022	2021
		Fund	Fund	Fund	Funds
							6	6
FIXEDASSETS			600,000				600,000	600,000
INVESTMENTS
Investment Fund			517,910				517,910	587,661
TOTAL FIXEDASSETS			1,117,910			1,117,910		1,187,661
CURRENT ASSETS
Debtors	9	22,415		475			22,890	11,270
Bank Current Accounts		16,079		26,924	2,690		45,693	44,772
Bank Reserve Accounts		78					78	78
Central Board of Finance Restricted Bank 5		17,811					17,811	17,580
Building Society Accounts Cash in Hand		100		9,022 303			9,022 403	8,897 447
Total Current Assets		56,483		36,724	2,690		95,897	83,044
LIABILITIES
Amounts Falling Due Within One Year	10	(7,435)		(3,511)			(10,946)	(7,898)
Net Current Assets		49,048		33,213	2,690		84,951	75,146
NET ASSETS		49 D40	1 117910	33213	2 690	1 202 861		1 262 DD7
FUNDS
Unrestricted	11	49,048					49,048	38,809
Designated	11		1,117,910			1,117,910		1,187,661
Restricted	11			33,213			33,213	33,647
Endowment	11				2,690		2 690	2 690
		49048	1 117910	33,213	2 69D	1	2D2 061	1 262,007

	Unrestricted	Designated	Restricted	Endowment		Total
	Funds	Funds	Funds	Funds		Funds
	E	E	E	E		2021
						E
2021 COMPARATIVES
(a) Voluntary Income	143,750		2,919			146,669
Including planned
giving and income tax
recoverable
(b) Activities for	5,536					6,536
Generating Funds
Including car park
charges and fund
raising events
(c)Investment	32,616				15	32,631
Income
(d) Income from	50,831		3,879			64,710
Church Activities
Including hall
lettings and church
fess
Total
Incoming Resources	232733		6798		16	239646

. RESOURCES EXPENDED
	Church	Supportand	Total
	Activities	Governance	2022
	0	CoatS	8
		2
(a) Cost of generating	410		410
Voluntary Income
(b) Fund Raising
Trading Costs
(c) Cost of renting	2,934		2,934
property
(d) Church Activities
including parish
contribution, hall,
running expenses,
admin cost, church
maintenance and
outward giving	192,511	45 455	237 966
Total Resources
Expended	195,855	45,455	241,310
2021 COMPARATIVES
	Church	Support and	Total
	Activities	Governance	2022
	2	coats	f
		2
(a) Cost of generating
Voluntary Income
(b) Fund Raising
Trading Costs
(c) Cost of renting	2,500		2,500
property
(d) Church Activities
General church	131,007	50,837	181,844
activities (as below)
Reordering costs	72,600		72,600
Total Resources
Expended	206,107	50,837	256,944

breakdown o	fth	e support and governance costs which	ars included within Church Activitie	s.
			Total	Total
			2022	2021
			E	E
Support Costs
Staff Costs -	Administration		10,940	10,616
Church Running		costs and	12,672	16,614
maintenance
Hall Running	costs		16,023	17,265
Office expenses			3,871	3,304
			42,406	47,788
Governance	Costs
Bank charges			49	49
Independent	Examiner costs		3,000	3,000
			3,049	3,049
Total			46,466	60,837

11.STATEMENT	OF FUNDS	OF FUNDS
The designated fund indudes 5290,000 (2021:5290,000) ofrevaluation f103,097(2021:f172,845) relating to fixed asset investments.						gains and	losses	relating	to fixed assets and
STATEMENT	OF FUNDS 2022
			Bal B/fwd					Transfers,		Bal C/fwd
			1 Jan 22 6	Income 6		Expenditure 6			Other Gains 8,	31 Dec 22 6
									Losses
									6
Designated Funds
Land and building			600,000							600,000
Investments			687 661						59751	617910
			1,187,661						(69,761)	1,117,910
Unrestricted Funds			38,809	207,494		(226,177)			28,922	49,048
Restricted Funds
Outward Giving Donations			3	5,569		(5,671)
St Swlthun's Chancel	Trust		146		371		(515)
St Swithun's:
Flower Fund			1,316	2,432		(3,370)				378
Bell Ringers Fund			2,136	1,550		(1,327)				2,469
Social Committee			716				(287)			429
Coffee Shop Vicar's Discretion			2,379 66	1,541		(1,159)				2,861 55
Open House			278		551		(312)			617
Choir Management	Group		1 123		350		(240)			1,233
Donations to Floodlighting		Sponsorship	16		90		(100)			6
Fabric Fund			14,460							14,460
Tea and Toys Toddler Group			1,013		920		(631)			1,302
Youth Donations			362							362
Verger's Fees			160							160
St Luke' s:
Flower Fund			135							136
Fabric Fund			3,723							3,723
St Barnabas Fabric Fund			4,791				(505)			4,286
Sunnyside Rent Deposit			847							847
Restoration Trust Grant				28	922				28922
			33647	43	606	15118			28 922	33,213
Endowment Funds
Betchley Trust Fund			2,610		15		(15)			2,610
St Swithun's Crawfurd	Trust		180							180
			2 690		16		15			2690
			1 262807	261	116	241	310		69751	1 202 861

			Bal 8/fwd				Transfers,	Bal C/fwd
			1Jan 21	Income		Exp end it ure	Other	31Dec 21
			6	6		6	Gains &	6
							Losses
							E
Designated Funds
Land and building			460,000				150,000	600,000
Investments			602462				85209	587 661
			962,452				236,209	1,187,661
Unrestricted Funds			69,226	232,733		(242,150)	(21,000)	38,809
Restricted Funds
Outward Giving Donations St Swithun's Chancel Trust			187	2,371 358		(2,368) (400)		3 145
St Swithun's:
Flower Fund			633	1,491		(1,708)	1,000	1,316
Bell Ringers Fund			2,063	1,032		(959)		2,136
Social Committee			840			(124)		716
Coffee Shop Vicar's Discretion			2,347 66		455	(433)		2,379 66
Open House			304		231	(257)		278
Choir Management	Group		838		660	(375)		1 123
Donations to Floodlighting		Sponsorship	165			(150)		16
Fabric Fund			14,460					14,460
Tea and Toys Toddler Group Youth Donations			1,013 368		90	(105)		1,013 362
Verger's Fees			196			(35)		160
Piano Fund St Luke' s:			6,930		100	(7,030)
Flower Fund			135					135
Women's Club			248			(248)
Teddies			686			(585)
Fabric Fund St Barnabes Fabric Fund			3723 4,791					3,723 4,791
Sunnyslde Rent Deposit			847					847
			40628	6	798	14779	1 000	33647
Endowment Funds
St Swithun's Chancel	Trust	(see note)
Betchley Trust Fund St Swithun's Crawfurd	Trust		2,610 180		15	(15)		2,610 180
			2 690		16	16		2690
			1 064996	239,546		266 944	216209	1 262 807

		Unrestricted	Designated	Restricted	Restricted	Endowment	Total	Total
		Funds	Funds	Funds		Funds	Funds	Funds
		2	2	2		2	2022	2021
							2	4
(a) Voluntary Income
Planned Giving		94,812					94,812	100,631
Collection at all Services		5,077		6,063			11,140	6,650
Sundry Donations	and
Appeals		8,690			696		9,386	5,618
Chancel Trust Grant					371		371	359
Restoration Trust Grant				28,922			28,922
Income Tax
Recoverable		24,124					24,124	23,411
Legacies		4,000					4000	10100
		136703		36	052		172766	146669
(b) Activities for
Generating Funds
Car Park Charges		6698					6698	5536
		6698					6 698	5536
(c) Investment Income
Dividends & Interest		17,606				15	17,621	16,131
Rental income		17040					17040	16500
		34646				15	34661	32 631
(d) Income from Church
Activities
Church Hall Lettings		22,734					22,734	16,391
Church Fees		3,247					3,247	8,266
Rates refund		56					56
Feed in Tariff		1,158					1,158	920
Furlough scheme Arts & Music Festival		1,469					1,469	1,526
VAT refunds								23,483
Miscellaneous Income		783					783	245
Bell Ringers Fund				1,660			1,660	1,032
Flower Funds				2,432			2,432	1,491
Social Committee
Coffee Shop				1,641			1,641	465
Open House					551		661	231
Tea &Toddler Group					920		920
St. Swithun's Choir					350		350	660
Management Group
		29447		7	554		37001	54710
Incoming Resources		207494		43606		15	251 115	239546

	unrestricted Funds 2	Restricted Funds 6	Restricted Funds 6	fndiiwinent Funds 2	Total 2022 2	Total 2021 2
(a) Cost of generating
Voluntary Income
Pay Station	410				410
(b) Fund Raising Trading
Costs
(c) Cost of letting property	2,934				2934	2600
(d) Church Activities
Missionary &Charitable
Giving:
Church Overseas	6,500	1,846			8,346	7,863
Home Missions and other
Church Societies	6 500	4	825		«325	7518
	13,000	6,671			19,671	16,381
Ministry Costs;
Parish Share	89,985			15	90,000	84,000
Church Insurance	5,532		516		6,048	6,933
Other Clergy Costs	7,996				7,996	7,526
Capital Expenditure:
Reordering Costs	3,976				3,976	6,940
Organ	12,573				12,673
Tower repairs	1,833				1,833	37,129
Sunnyside project	22,941				22,941	15,817
Piano						12,714
Church Running exps	5,330		100		5,430	6,880
Church Maintenance	7,142				7,142	9,734
Upkeep ofServices	1,707				1,707	476
Junior Church & Youth	712				712	793
Music Outreach 8, Evangelism	14,241 733				14,241 733	«,447 596
Halls Running Costs	15,023				15,023	17,255
Arts & Music Festival	1,393				1,393
Parish Office Expenses	3,871				3,871	3,304
Administrator	10,940				10,940	10,615
Miscellaneous	856				856	165
Bank Charges	49				49	49
Bell Ringers Fund		1,327			1,327	959
Flower Funds		3,370			3,370	1,707
Social Committee		287			287	124
Coffee Shop		1,159			1,159	434
Open House		312			312	257
Women's Club						248
Tea &Toys Toddler Group		631			631
Teddies						586
St. Barnabas' Fabric Fund		505			505
St. Swithun's Choir		240			240	375
Management Group
Accountancy Fees	3000 222 833	15«8		15	3000 237 966	3,000 254,444
Total Resources
Expended	226 177	15«8		15	241,310	256 944

		Total					Total
Overseas		6	Home				6
Mercy Ships USPG		1,071 1,000	Diocesan Family Support Work East Grinstead Food Bank				2,216 2,020
Mission Aviation	Fellowship	1,000	Chestnut Tree House	Children's	Hospice		1,871
Embrace the Middle East		900	St Catherine's Hospice				1,378
DEC Pakistan		809	Crawley Open House				1,000
Practical Action		800	Church Army				700
DEC Ukraine		566	Broadfield Parish Nurse				500
CMS		500	Children's Society				499
Mission to Seafarers		500	Bishop of Chichester	Discretionary		Fund	441
Tear Fund		400	Samaritans Tunbridge	Wells			400
'Ripple Effect'		400	Sussex Pathways				300
Bible Society		400
		~8346					11325