THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARTIN, CAMBRIDGE
ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022
Registered Charity Number 1131522
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARTIN, CAMBRIDGE
PAGE 1
ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022
CONTENTS AND CHARITY INFORMATION
| CONTENTS | PAGE | |
|---|---|---|
| Contents and Charity Information | 1 | |
| Report of the PCC | 2 to 5 | |
| Independent Examiner's Report | 6 | |
| Statement of Financial Activities | 7 | |
| Balance Sheet | 8 | |
| Notes to the Accounts | 9 to 15 | |
| VICAR | Rev'd Johannes Roth | |
| OFFICE ADDRESS | Suez Road | |
| Cambridge | ||
| CB1 3QD | ||
| CHARITY REGISTRATION NUMBER | 1131522 | |
| INDEPENDENT EXAMINER | Geoff Mann FCIE | |
| Geoff Mann Limited | ||
| Dee House | ||
| Highworth Avenue | ||
| Cambridge | ||
| CB4 2BQ | ||
| BANKERS | The Co-operative Bank | |
| PO Box 101 | ||
| 1 Balloon Street | ||
| Manchester | ||
| M60 4EP |
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH PAGE 2 OF ST MARTIN, CAMBRIDGE
ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022
REPORT OF THE TRUSTEES
The trustees present their report and the accounts of the charity for the year ended 31 December 2022.
The accounts comply with the Charities Act 2011 and 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 the Republic of Ireland (FRS 102) effective 1 January 2019.
The St Martin's Parochial Church Council (PCC) is responsible for co-operating with the Vicar in proclaiming and pastoring faith in Jesus Christ throughout the parish. Attention during the year has been paid to the pastoral, evangelistic, social and ecumenical life of the congregation as well as overseeing the maintenance of the church buildings of St Martin's and St Thomas's. The PCC was responsible, through the Management Committee, for St Martin's Day Centre for older people. It is represented on the trustees of Romsey Mill.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is part of the Church of England which is constituted by Act of Parliament and is an unincorporated charity.
Organisational structure
Membership of the PCC:
Ex officio: Johannes Roth (vicar, PCC chair); Chrissy Cole (curate); David Lanham (churchwarden, PCC deputy chair); Dave Baker (churchwarden); Smart Mathole (deanery synod representative). Elected: Elizabeth Baker; Judy Brunton (treasurer); Wil Leiwe; Margy Lewis; Hazel Trocian; Liz Wells. Invited (non-voting): Fiona Stern (office manager) Co-opted: Geraldine Millar (Day Centre Management Committee) until May 2022
The PCC met 14 times in the year with good attendance. Members are elected (for a period of three years) in general meetings, and choose a sub-committee to be a member of. Members may also be coopted onto the PCC during the course of the year.
The PCC was served by a number of committees/teams which reported to PCC. These included:
-
Standing Committee (met between PCC meetings and had delegated power to transact business
-
expenditure under £400)
-
Building Project.
-
Day Centre Management Committee (until April 2022). Whilst overall decisions rested with the PCC,
-
this committee ensured the smooth running of the Day Centre and managed the relationship with Social Services and Cambs County Council.
-
Fabric
-
Mission Giving Committee.
-
Pastoral, Discipleship and Training
-
Safeguarding
-
Vision and Ministry
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH PAGE 3 OF ST MARTIN, CAMBRIDGE
ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022
REPORT OF THE TRUSTEES
Wider network
The charity was registered with the Charity Commission on 7th September 2009 registered number 1131522. All the members of the PCC are trustees whilst in post.
The PCC lists one further registered charity with the Charity Commission. The St Martin's Care Trust, registration number 1006344. Trustees are drawn from the fellowships of St Martin's and St Thomas's and elsewhere. The aims are to assist people from Cambridgeshire with needs arising from illness, disability or age using the income from an expendable endowment. The Annual Report and Accounts are available on request from the Secretary, Cordelia Myers.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. During the year the PCC also considered risk management related to Covid and to Lone Working.
OBJECTIVES AND ACTIVITIES
Objectives and aims
Our mission is:
Inspired by the Holy Spirit we will: Devote ourselves wholeheartedly to God; Care for those in need and for God's world; Widely share Christ's teaching; Lovingly support each other.
Heart and soul, mind and strength for God - Mark 12 v 30
ACHIEVEMENT AND PERFORMANCE
Statutory Functions
The PCC supported the Church wardens in the care and improvement of the church property, approving and funding various works. The PCC continued to oversee the Management of St Martin's Day Centre through the Day Centre manager until he ceased employment on 31st March 2022. The Day Centre Management Committee met four times from Jan to April 2022 to consider final decisions to close the accounts of the Centre.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH PAGE 4 OF ST MARTIN, CAMBRIDGE
ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022
REPORT OF THE TRUSTEES
Ministry and mission
All the church groups fit into a single structure of pastoral support and teaching as Discipleship Groups. Monthly meetings of the leaders were suspended during Covid and did not restart during 2022.
The Ministry Partners Team recommends to PCC the wise allocation of 10% of our income from regular donations to a portfolio of ministry and mission partners: a range of societies and longstanding missionary support commitments.
Community Support: A number of community groups use our premises, most contributing financially as appropriate. The PCC took on responsibility for the Coleridge Food Hub and were awarded 2 Warm Spaces initiative grants from Cambridge City Council.
Several churches use our premises for worship, including the Cambridge Bethesda Tamil Church, and The Cambridge Indian Pentacostal Church regularly and others from time to time. We are committed to maintaining long-term relationships with other worship groups in Cambridge, and support them in their own ministry.
The church takes part in the South Cambridge Deanery and have a partnership with St Philip's Church. The Church is an active founder members of the Romsey Town Churches. The church supports the work of Romsey Mill Youth and Community Centre in various ways. The church is associated with One-Two-Eight and 130 Suez Road which are assisted living centres for people with learning disabilities, originally set up by the PCC and now managed by Voyage Care.
Worship
We maintained a regular pattern of Sunday worship and weekday services including in person and on Zoom. A new monthly Praise and Prayer meeting (an informal time of worship using modern songs and including time for discussion and questions) started during 2022. We have welcomed a number of new members to the church, and continually thank God for his provision for us.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH PAGE 5 OF ST MARTIN, CAMBRIDGE
ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022
REPORT OF THE TRUSTEES
FINANCIAL REVIEW
Overall the financial position of St Martin's PCC, showed an increase in net assets over the year in unrestricted funds of £70,771 from £145,936 to £217,023
Key points relating to the main components of these consolidated accounts are as follows.
St Martin's Church and St Thomas' Hall
-
The PCC agreed at the end of 2021 that the unrestricted funds of St Thomas and St Martins should be combined since the two churches were now administered as one.
-
Funds from the Friends of the Day Centre group (now closed) amounting to £14,283 are now in the PCC bank and are designated for future use towards projects in keeping with the purposes of the Day Centre.
-
Total funds designated for the restoration of the church building and the replacement of the pews with chairs amounted to £130,801 leaving £71,939 in Unrestricted Reserves
From these Unrestricted Reserves the PCC will be expected to support the building work to its completion. This could require a further £40,000 in 2023 if no further grants are obtained. (Note 8)
- Restricted reserves decreased by £2,789. Details can be seen in Note 9. This was mainly due to the closure of the Day Centre when several unused grants needed to be returned to the local authority.
St Martin's Day Centre
- After the official closure of the Day Centre on 31st Dec 2021 the accounts were finally closed on the 15th August 2022 when the final balance of Net Assets of £15,871 was transferred to the PCC. That figure is included in the reserves carried forward as mentioned above.
Reserves policy
It is the policy of the charity that the unrestricted funds not committed or invested in tangible fixed assets or held as long term investment generating income or capital growth, that is the free reserves, should equate to three months of the unrestricted expenditure. The trustees are confident that this level of reserves is sufficient.
The Trustees accepted that the reserves were at risk of falling below this level but with the approved grant for the work on the church ceiling of over £86,000 from AMEY COMMUNITY FUND expect the reserves to return well above the stated operating level.
Approved by order of the board of trustees on 18th April 2023 and signed on its behalf by
Judy Brunton Treasurer
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARTIN, CAMBRIDGE
PAGE 6
ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022
INDEPENDENT EXAMINER'S REPORT
TO THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARTIN, CAMBRIDGE
I report to the trustees on my examination of the accounts of the Church for the year ended 31 December 2022.
RESPONSIBILITES AND BASIS OF REPORT
As the members of the PCC you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Church's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
INDEPENDENT EXAMINERS' STATEMENT
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me any cause to believe that in any material respect.
-
accounting records were not kept in respect of the Church as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Geoff Mann FCIE Geoff Mann Limited Dee House Highworth Avenue Cambridge CB4 2BQ
PAGE 7
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARTIN, CAMBRIDGE
Year Ended 31st Dec 2022
STATEMENT OF FINANCIAL ACTIVITIES
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |||
| Funds | Funds | Funds | Funds | Funds | Funds | |||
| Notes | £ | £ | £ | £ | £ | £ | ||
| INCOMING RESOURCES | 2 | |||||||
| Incoming resources from generated funds | ||||||||
| Voluntary income | (a) | 158,859 | 17,781 | 176,640 | 232,054 | 7,759 | 239,813 | |
| Investment income | (b) | 14,593 | 0 | 14,593 | 13,765 | 0 | 13,765 | |
| Incoming resources from charitable activities | ||||||||
| Charitable and ancillary trading | (c) | 30,780 | 0 | 30,780 | 15,516 | 0 | 15,516 | |
| ----------- | ----------- | ----------- | ----------- | ----------- | ----------- | |||
| Total incoming resources | 204,232 | 17,781 | 222,013 | 261,335 | 7,759 | 269,094 | ||
| ----------- | ----------- | ----------- | ----------- | ----------- | ----------- | |||
| RESOURCES EXPENDED | 3 | |||||||
| Costs of generating funds | ||||||||
| Charitable and ancillary trading | (a) | 213 | 0 | 213 | 36,115 | 0 | 36,115 | |
| Charitable activities | ||||||||
| Charitable activities | (b) | 66145 | 20,570 | 86715 | 109,299 | 3,926 | 113,225 | |
| Support costs | (c) | 65556 | 0 | 65556 | 20,440 | 0 | 20,440 | |
| Major Capital expenditure | (d) | |||||||
| Professional Fees re repairs to church buildin | 1547 | 0 | 1,547 | 15,116 | 0 | 15,116 | ||
| ----------- | ----------- | ----------- | ----------- | ----------- | ----------- | |||
| Total resources expended | 133,461 | 20,570 | 154,031 | 180,970 | 3,926 | 184,896 | ||
| ----------- | ----------- | ----------- | ----------- | ----------- | ----------- | |||
| NET INCOMING RESOURCES | 70,771 | (2,789) | 67,982 | 80,365 | 3,833 | 84,198 | ||
| TRANSFERS BETWEEN FUNDS | 8 | and 9 | 316 | (316) | 0 | 372 | (372) | 0 |
| ----------- | ----------- | ----------- | ----------- | ----------- | ----------- | |||
| NET MOVEMENT IN FUNDS | 71,087 | (3,105) | 67,982 | 80,737 | 3,461 | 84,198 | ||
| RESERVES BROUGHT FORWARD | 145,936 | 11,316 | 157,252 | 65,199 | 7,855 | 73,054 | ||
| ----------- | ----------- | ----------- | ----------- | ----------- | ----------- | |||
| RESERVES CARRIED FORWARD | 217,023 | 8,211 | 225,234 | 145,936 | 11,316 | 157,252 | ||
| ----------- | ----------- | ----------- | ----------- | ----------- | ----------- |
STATEMENT OF TOTAL RECOGNISED GAINS AND LOSSES
There were no recognised gains or losses for 2022 or 2021 other than those included in the Statement of Financial Activities.
PAGE 8
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARTIN, CAMBRIDGE
Year Ended 31st Dec 2022
| BALANCE SHEET | |||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible assets | 5 | 10245 | 7312 | ||
| CURRENT ASSETS | |||||
| Debtors | 6 | 11,435 | 12,564 | ||
| Cash at bank | 211,118 | 164,526 | |||
| ----------- |
----------- | ||||
| 222,553 | 177,090 | ||||
| CREDITORS: amounts falling due | |||||
| within one year | 7 | 6,938 | 25,586 | ||
| ----------- |
----------- | ||||
| NET CURRENT ASSETS | 215615 | 151504 | |||
| LONG TERM LIABILITIES | |||||
| Amounts falling due after one year | 7 | 626 | 1564 | ||
| ----------- | ----------- | ||||
| NET ASSETS | 225234 | 157252 | |||
| ----------- | ----------- | ||||
| FUNDS | |||||
| Unrestricted Funds | 8 | 217023 | 145936 | ||
| Restricted Funds | 9 | 8211 | 11316 | ||
| ----------- | ----------- | ||||
| ACCUMULATED FUNDS | 225234 | 157252 | |||
| ----------- | ----------- |
The financial statements were approved by the board of trustees on 18th April 2023 and signed on its behalf by
Judy Brunton (Treasurer) Trustee
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARTIN, CAMBRIDGE
PAGE 9
Year Ended 31st Dec 2022
NOTES TO THE ACCOUNTS
1 ACCOUNTING POLICIES
(a) Basis of preparation of the financial statements
The financial statements have been prepared under the historical cost convention and in accordance with the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102), the Charities Act 2011 and the Church Accounting Regulations 2006. They do not include the financial statements of church groups that owe their main affiliation to another body nor those that are informal gatherings of church members.
St Martin's PCC meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in relevant accounting policy note(s).
The trustees consider that there are no material uncertainties about the church's ability to continue as a going concern.
The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.
(b) Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Collections are recognised when made and amounts due under deeds of covenant are recognised only when honoired by the covenantor. Tax refunds due on sums received are accrued and matched to income.
(c) Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a consistent basis with the use of resources.
The Diocesan Parish Share is accounted for when due and payable. Although it is understood that this may not always apply, any arrears of Parish Share from previous years have not, with the agreement of Ely Diocese, been accrued as liabilities at the end of the preceding financial year.
Grants and donations paid are accounted for when payment is due. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARTIN, CAMBRIDGE
PAGE 10
Year Ended 31st Dec 2022
NOTES TO THE ACCOUNTS
(d) Taxation
The charity is exempt from tax on its charitable activities.
(e) Tangible fixed assets
Consecrated land and buildings and moveable church furnishings
Consecrated and beneficed property is excluded from the accounts in accordance with the Charities Act.
Moveable church furnishings held by the Vicar and Church Wardens on special trust for the PCC, and which require a faculty for disposal, are accounted as inalienable property unless consecrated. They are listed in the church's inventory which can be inspected at any reasonable time. For inalienable property acquired prior to 2001 there is insufficient cost information available and therefore such assets are not valued in the accounts. Items acquired since 1 January 2001 have been capitalised and depreciated in the accounts over their currently anticipated useful economic life on a straight line basis.
All expenditure incurred in the year on consecrated or beneficed buildings, individual itema under £1,000 or on the repair of moveable church furnishings acquired before 1 January 2001 is written off.
Fixtures, fittings and office equipment
Depreciation is provided at the following annual rates in order to write off each of these assets over their estimated useful life.
St Martin's Church 5 years straight line St Martin's Centre 5 years straight line
(f)
Debtors
Trade debtors and other debtors are recognised at their settlement amount due after any discounts. Prepayments are valued at the amount prepaid net of any trade discount due.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARTIN, CAMBRIDGE
PAGE 11
Year Ended 31st Dec 2022
NOTES TO THE ACCOUNTS
(g) Creditors and Provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
(h) Fund accounting
Unrestricted funds can be used in accordance with the charitable activities at the discretion of the trustees. These also include funds designated for a praticular purpose by the PCC.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARTIN, CAMBRIDGE
PAGE 12
Year Ended 31st Dec 2022
NOTES TO THE ACCOUNTS
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| St Martin's St Martin's | Total | St Martin's | St Martin's | Total | |||
| Church | Centre | Funds | Church | Centre | Funds | ||
| £ | £ | £ | £ | £ | £ | ||
| 2 | INCOMING RESOURCES | ||||||
| (a) | Voluntary income | ||||||
| Offerings and donations | 117,640 | 19,058 | 136,698 | 145,987 | 0 | 145,987 | |
| Gift aid tax | 21,207 | 0 | 21,207 | 21,799 | 0 | 21,799 | |
| Fundraising Events | 1,993 | 0 | 1,993 | 2,223 | 0 | 2,223 | |
| Legacies | 500 | 0 | 500 | 0 | 0 | 0 | |
| Grants and contracts | 18,950 | (6,035) | 12,915 | 847 | 66,700 | 67,547 | |
| Income for group activities | 3,327 | 0 | 3,327 | 2,257 | 0 | 2,257 | |
| ----------- |
----------- |
----------- |
----------- | ----------- |
----------- | ||
| 163,617 | 13,023 | 176,640 | 173,113 | 66,700 | 239,813 | ||
| ----------- |
----------- |
----------- |
----------- | ----------- |
----------- | ||
| (b) | Investment income | ||||||
| Dividends, Interest & Inc from property | 14,593 | 0 | 14,593 | 13,765 | 0 | 13,765 | |
| ----------- |
----------- |
----------- |
----------- | ----------- |
----------- | ||
| (c) | Charitable and ancillary trading | 18,736 | 12,044 | 30,780 | 8,642 | 6,874 | 15,516 |
| ----------- |
----------- |
----------- |
----------- | ----------- |
----------- | ||
| Total incoming resources | 196,946 | 25,067 | 222,013 | 195,520 | 73,574 | 269,094 | |
| ----------- |
----------- |
----------- |
----------- | ----------- |
----------- | ||
| 3 | RESOURCES EXPENDED | ||||||
| (a) | Charitable and ancillary trading | 213 | 0 | 213 | 987 | 35,128 | 36,115 |
| ----------- |
----------- |
----------- |
----------- | ----------- |
----------- | ||
| (b) | Charitable activities | ||||||
| Mission Giving &Donations | 7,889 | 0 | 7,889 | 7,584 | 0 | 7,584 | |
| Diocesan parish Share | 56,000 | 0 | 56,000 | 51,008 | 0 | 51,008 | |
| Mission & Evangelism Costs | 4,463 | 0 | 4,463 | 3,815 | 0 | 3,815 | |
| Centre Activities | 1,250 | 1,250 | 26,121 | 26,121 | |||
| Church Running Exps | 17,113 | 0 | 17,113 | 11,199 | 13,498 | 24,697 | |
| ----------- |
----------- |
----------- |
----------- | ----------- |
----------- | ||
| 85,465 | 1,250 | 86,715 | 73,606 | 39,619 | 113,225 | ||
| ----------- |
----------- |
----------- |
----------- | ----------- |
----------- | ||
| (c) | Support costs | ||||||
| Salaries Wages & Honoraria | 19,154 | 33,115 | 52,269 | 13,853 | 1,560 | 15,413 | |
| Clergy & Staff Expenses | 4,406 | 3,350 | 7,756 | 1,772 | 0 | 1,772 | |
| Church Utility Bills | 5,531 | 0 | 5,531 | 3,255 | 0 | 3,255 | |
| ----------- |
----------- |
----------- |
----------- | ----------- |
----------- | ||
| 29,091 | 36,465 | 65,556 | 18,880 | 1,560 | 20,440 | ||
| ----------- |
----------- |
----------- |
----------- | ----------- |
----------- | ||
| Major Capital expenditure | |||||||
| (d) | Professional Fees re repairs to church | 1,547 | 0 | 1,547 | 15,116 | 0 | 15,116 |
| building | |||||||
| ----------- |
----------- |
----------- |
----------- | ----------- |
----------- | ||
| Total resources expended | 116,316 | 37,715 | 154,031 | 108,589 | 76,307 | 184,896 | |
| ----------- |
----------- |
----------- |
----------- | ----------- |
----------- |
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARTIN, CAMBRIDGE
PAGE 13
Year Ended 31st Dec 2022
NOTES TO THE ACCOUNTS
4 STAFF COSTS
No remuneration was paid to any of the trustees in the year ended 31 Dec 2021, nor were any expenses reimbursed to them. In the year ended 31 Dec 2022, with permission of the Charity Commission, one of the trustees became employed by the PCC to assist in the administration of the church. The gross salary paid to this trustee in 2022 was £1,191 and contributions were made to the NEST pension fund of 6% of basic salary. No expenses were reimbursed.
| No expenses were reimbursed. | ||
|---|---|---|
| The staff costs were: | 2022 | 2021 |
| £ | £ | |
| Wages and salaries | 31,856 | 69,993 |
| Social Security costs | 0 | 2,670 |
| Other pension costs | 1,200 | 1,966 |
| Redundancy | 19,213 | 0 |
| ----------- | ----------- | |
| 52,268 | 74,629 | |
| No member of staff received remuneration of more than £60,000 | ----------- | ----------- |
The average weekly number of staff employed during the year was 0.9 (2021 - 3) (full time equivalent)
5
FIXED ASSETS
| FIXED ASSETS | |||
|---|---|---|---|
| St Martin's | St Martins' | ||
| Church | Centre | Total | |
| £ | £ | £ | |
| Cost or Valuation | |||
| Balance at 1 January 2022 | 28,864 | 105,436 | 134,300 |
| Additions | 5,830 | 0 | 5,830 |
| Disposals | 800 | 105,436 | 106,236 |
| ----------- | ----------- | ----------- | |
| Balance at 31 December 2022 | 33,895 | 0 | 33,895 |
| ----------- | ----------- | ----------- | |
| Depreciation | |||
| Balance at 1 January 2022 | 22,802 | 104,186 | 126,988 |
| Charge for the year | 1,647 | 1,647 | |
| Disposals | 800 | 104,186 | 104,986 |
| ----------- | ----------- | ----------- | |
| Balance at 31 December 2022 | 23,650 | 0 | 23,650 |
| ----------- | ----------- | ----------- | |
| Net Book Value | |||
| At 31 December 2022 | 10,245 | 0 | 10,245 |
| ----------- | ----------- | ----------- | |
| At 1 January 2022 | 6,062 | 1,250 | 7,312 |
| ----------- | ----------- | ----------- |
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARTIN, CAMBRIDGE
PAGE 14
Year Ended 31st Dec 2022
NOTES TO THE ACCOUNTS
| 6 | DEBTORS | 2022 | 2021 | ||||
|---|---|---|---|---|---|---|---|
| £ | £ | ||||||
| Other debtors and prepayments | 2,014 | 5,154 | |||||
| Tax recoverable | 9,422 | 7,410 | |||||
| ----------- | ----------- | ||||||
| 11,435 | 12,564 | ||||||
| ----------- | ----------- | ||||||
| 7 | CREDITORS: amounts falling due within one year | ||||||
| 2022 | 2021 | ||||||
| £ | £ | ||||||
| Deferred income | 825 | 66 | |||||
| Other creditors and accruals | 6,113 | 25,520 | |||||
| ----------- | ----------- | ||||||
| 6,938 | 25,586 | ||||||
| ----------- | ----------- | ||||||
| CREDITORS: amounts falling due in more than one year | |||||||
| Payable re Ancaster Way Boiler | 626 | 1,564 | |||||
| ----------- | ----------- | ||||||
| **Incoming ** | Resources | Movement | Brought | Transfers | Carried | ||
| **Resources ** | Expended | Forward | Forward | ||||
| £ | £ | £ | £ | £ | £ | ||
| 8 | UNRESTRICTED FUNDS 2022 | ||||||
| General Funds | |||||||
| Other Groups | 3,327 | 2,905 | 422 | 1,238 | - | 1,660 | |
| St Martin's Centre | - | ||||||
| General | 12,102 | 17,252 | (5,150) | 20,705 | 316 | - | |
| (15,871) | |||||||
| Minibus Asset | - | 1,250 | (1,250) | 1,250 | - | - | |
| St Martin's Church | |||||||
| General | 118,078 | 102,618 | 15,460 | 177 | 50,975 | 66,612 | |
| Missionary Support | 538 | 7,889 | (7,351) | 922 | 7,300 | 871 | |
| St Thomas's Hall | |||||||
| Building Reserve | - | - | - | 2,796 | - | 2,796 | |
| General | - | - | - | 38,369 | (38,369) | 0 | |
| ----------- | ----------- | ----------- | ----------- | ----------- | ----------- | ||
| 134,045 | 131,914 | 2,131 | 65,457 | 4,351 | 71,939 | ||
| ----------- | ----------- | ----------- | ----------- | ----------- | ----------- | ||
| Designated Funds | |||||||
| * Building Fund | 36,579 | 1,547 | 35,032 | 80,479 | - | 115,511 | |
| * Chair Fund | 19,325 | - | 19,325 | - | (4,035) | 15,290 | |
| Former Day Centre Funds | 14,283 | - | 14,283 | - | - | 14,283 | |
| ----------- | ----------- | ----------- | ----------- | ----------- | ----------- | ||
| 70,187 | 1,547 | 68,640 | 80,479 | (4,035) | 145,084 | ||
| ----------- | ----------- | ----------- | ----------- | ----------- | ----------- | ||
| Total Unrestricted Funds | 204,232 | 133,461 | 70,771 | 145,936 | 316 | 217,023 | |
| ----------- | ----------- | ----------- | ----------- | ----------- | ----------- |
*Both the Building Fund and the Chair Fund represent money raised for the purpose of restoring the church ceiling after the collapse in 2020, and replacing the pews with chairs as described in the proposals for St Martin’s for All - Reimagining Together
These funds are designated for the purposes stated but not restricted. Whilst fund raising efforts continue, it is anticipated that the PCC will need to transfer up to £40,000 from the General Fund to the Building Fund during 2023 if no further grants are obtained
PAGE 15
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARTIN, CAMBRIDGE
Year Ended 31st Dec 2022
NOTES TO THE ACCOUNTS
| Incoming | Resources | Movement | Brought | Transfers | Carried | ||
|---|---|---|---|---|---|---|---|
| Resources | Expended | Forward | Forward | ||||
| £ | £ | £ | £ | £ | £ | ||
| 8 | UNRESTRICTED FUNDS 2021 | ||||||
| Other Groups | 2,257 | 1,962 | 295 | 2,153 | (1,210) | 1,238 | |
| St Martin's Centre | |||||||
| General | 67,539 | 73,230 | (5,691) | 16,091 | 10,305 | 20,705 | |
| Minibus Asset | - | 1,000 | (1,000) | 2,250 | - | 1,250 | |
| Minibus Fund | - | - | - | 9,733 | (9,733) | - | |
| St Martin's Church | |||||||
| General | 89,354 | 78,610 | 10,744 | (4,577) | (5,990) | 177 | |
| Missionary Support | 699 | 7,584 | (6,885) | 807 | 7,000 | 922 | |
| Building Fund | 95,748 | 15,269 | 80,479 | - | - | 80,479 | |
| St Thomas's Hall | |||||||
| Building Reserve | - | - | - | 4,296 | (1,500) | 2,796 | |
| General | 5,738 | 3,315 | 2,423 | 34,446 | 1,500 | 38,369 | |
| ----------- | ----------- | ----------- | ----------- | ----------- | ----------- | ||
| 261,335 | 180,970 | 80,365 | 65,199 | 372 | 145,936 | ||
| ----------- | ----------- | ----------- | ----------- | ----------- | ----------- | ||
| 9 | RESTRICTED FUNDS 2022 | ||||||
| Foodhub | 1,858 | 172 | 1,686 | 197 | - | 1,883 | |
| Restricted Funds (CCC funded) | 2,708 | 1,098 | 1,610 | - | - | 1,610 | |
| Mums and toddlers | - | - | - | 859 | - | 859 | |
| St Martin's Centre Various Funds | 12,965 | 19,213 | (6,248) | 6,564 | (316) | - | |
| St Martin's and St Philip's Projects | - | - | - | 2,579 | - | 2,579 | |
| Youth Work and Sunday Classes | 250 | 87 | 163 | 1,117 | - | 1,280 | |
| ----------- | ----------- | ----------- | ----------- | ----------- | ----------- | ||
| 17,781 | 20,570 | (2,789) | 11,316 | (316) | 8,211 | ||
| ----------- | ----------- | ----------- | ----------- | ----------- | ----------- | ||
| 222,013 | 154,031 | 67,982 | 157,252 | 0 | 225,234 | ||
| RESTRICTED FUNDS 2021 | |||||||
| Foodhub | 877 | 800 | 77 | 120 | 197 | ||
| Community Street Party (CCC fund | 647 | 647 | - | - | - | ||
| Mums and toddlers | - | 859 | 859 | ||||
| St Martin's Centre Various Funds | 6,035 | 2,077 | 3,958 | 3,178 | (572) | 6,564 | |
| St Martin's and St Philip's Projects Fund | - | 2,579 | 2,579 | ||||
| St Martin's Various Funds | 132 | (132) | 132 | - | |||
| Youth Work and Sunday Classes | 200 | 270 | (70) | 987 | 200 | 1,117 | |
| ----------- | ----------- | ----------- | ----------- | ----------- | ----------- | ||
| 7,759 | 3,926 | 3,833 | 7,855 | (372) | 11,316 | ||
| ----------- | ----------- | ----------- | ----------- | ----------- | ----------- |