FINANCIAL STATEMENTS OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF LAVENHAM FOR THE YEAR ENDED 31 Dember2o22 Rector In Vacancy Chur¢hwardens David Deacon Mary Morrey
INDEPENDENT EXAMINER'S REPORTTO THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF LAVENHAM I roport on Iha accounts for the year ended 315t December 2022 which are set out on pa9e8 3 10 9 RESPECTIVE RESPONSIBILITES OFTHE PAROCHIAL CHURCH COUNCIL AND THE EXAMINER Th& ¢hariVs trustees consider that an audit is not required for this year under 5ecllon 144121 of the Charities Act 2011 (the 2011 Acl} and that an independent examinatlonlg n88d8d. tt 1$ my re$51b11ity to.. examine the accoun15 under seth.on 145 of the 2011 Act folh)w the procedure9 laid down in the Genernl Directions glven by the ChaTIIy Commission sectK*n 1451Slb of Ihe 2011 Act and stale whelher particular matters h8ve come lo my 8ttentlon BASIS OF INDEPENDENT EXAMINER'S STATEMENT My examination was carried Jl in accordance with the General Dlreclions given by the Charlty Commission . That examinabon includes a review ofthe accounting record$ kepl by the charity and a ¢¢)mparison of Ihe accounts presented wth those records. 11 also includes ¢onsid¢ration ol any unLtsual items or disclosures In the accounts and sèèking explanations from the mana9emant committee concerning any such matters. The procedures undertaken do not provide a51 the evKlence that would be required in a lull audiL and con8equenlly I do not express an audit opinion on the a¢¢ounts. INDEPENDENT EXAMINER'S STATEMENT In conn8Ction th my gxaminats"on. no matter has come to my altention: 1 which gives me reasonable cause lo believe that in any material respect the requirements
lo keep accovnling records in accordance with secllon 130 01 the 2011 A¢¢., ond to prepare accounts which accor(I with 8ccounllng cOrdS hove not been mel.. or 2 to which, in my opinion, attention should be drawn1n order to enable a propor undeT51anding of the accounts lo be reached. Vincent Chandler ACA FCCA 03.04.2023 Mooro Green 22. Friars StreeL Sudbury C010 2A4 Suffolk Page 2
PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF LAVENHAM (Registered Chwity No. 1131642) STATEMENT OF FINANCIAL ACTIVITIESASAr3r OECEM6ER 2022 Unrestrtctec Restricted Endowment Notes & Oesi Total Tol81 24, INCOMING RESOURCES Incoming resource8 from donors Other ¥oiurrtary Incomlng re30ur¢81 Income resour from opeTaling activlUes: - to further the Council's activities - lo generate funds Incle from investments End0MMent Funds Transferred TOTAL INCQMING RESOURCES 6588&83 13582.59 B£l112.7 79466.42 171813.34 11fi£127 2¢ 2d 2e 11532.24, 29430.19 11532.24 34359.59 3036.63 0.00 0.00 129255.15 212701.29 11475.85 27983.08 846.02 4929.40 3031.69 106851.20 22403.95 RESOURCES EXPENDED Grants Actmttes dIrttY relating to the WOTk ofthe church FurKI raSsing expen$8S Church management and administration 1293.¥J 0.00 1293.95 5852.00 3b 101180.98 9599.34 14488.04 0.00 115669.00 9599.34 99322.33 9221.89 3566.18 35e6.18 14887.45 TOTAL RESOURCES EXPENDED 115640.43 14486.04 130128.47 129283.67 NEf INCOMING RESOURCES 4789.23 7915.91 -873.32 83417.62 GAINSILOSSES ON INVESTMENTS 5b 0.00 4575.[ -3575.06 3763.28 NET MOVEMENT OF FUNDS 4789.23 7915.91 4575.C6 4448.38 87180.90 BALANCES BROUGHT FORWARD AT 1ST JANUARY 2022 122154.e5 112595.05 32,952.58 267702.48 180521.58 FUND TRANSFER 0.00 BALANCES CARRIEO FORWARD AT 31ST DECEMBER 2022 113365.62 120510.96 29377.52 263254.10 267702.48 Page 3
PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF LAVENHAf•l (Register•J Charity No. 1131642) ASAT 2022 2021 FLXED ASSETS Tangible 37859.73 26878.77 297.00 30453.83 5b CURRENT ASSETS Debtors and prepayments Short term deposlts Cash at bank and In hand Shop stwk at ¢0gt 10942.n 172169.81 34667.24 82(.98 11745.1T 149937.89 80305.65 223986.73 222.31 CURRENT UABIUTIES Creditors- amounts falling due rythin one 25471.13 9370.66 NEf CURRENT PSSEfs i {LIA8ILrriES) 198515.60 236951.65 TOTAL NET ASSETS 263254.10 267702.48 PARISH FUNDS Unrestrictsd Deslgnatad 79779.50 33586.12 120510.96 29377.62 72154.85 50,CW.00 112595.05 32952.58 Endthvment 263254.10 267702.48 31 March Approved bylhe P8rochl81 Church CourKil on ............................ 2023 and stgned its bgh8W by Churdvrd?n.M...lL . churarden...... The notes on pag68 5 to 9 fomi part ofthe8e account8
PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASIICAL PARISH OF LAVENHAM (Registered Ch8rfty No 1131642) THE FINANCI er The fin8ndal statgments have been prepared In a¢cord8nca with Ihe Church Attnn9 Regulallons 2006 together wlh appllcable ac¢ounling 8landard$ and Ihe Charlties SORP188ued In October 2019. The )In8nd81 $t8toments have been prepared underthe hislot1cal co81 convention except for the valLFation of InveBtm8nt a88ets, whlch we sh¢Jwn at mdrket valuo. The14nancfal Statem1$ indude all transactions. 0gset$ and ItabRltles forvthlch the PCC 1$ responsiblo in law. They do not indude tha acwnls ofchurch groups that owe thglr mgln offillatlon to anotherb)ty, nthOse tha¢ are FUNDS EndovmwtFunds ara ld£. the capllal ofwthith rnust be m8irQained, only Incom8 arising from Investment ofthe endowrnent may be used eith¥r as restrict or unrestllced funds dePdIng upon the purpw forwhlch thg endtrmnent was estsblished. Restiicted Fund$ represont (al InGomg from trusts or endtrMnent8 whith may bg expondwl only on or bgquest. a1 Ib) dOnatnS or grants re¢eNed for a specifK obpct or invlted by the PCC for a ¥eofic object. The funds may onty bè expended on th8 8p8ufi¢ obigd for whKh Ittey were oiven. Any balenoe rem&ning Upent at Ihe end of each year must be Cad forward as a balanc• on that fund. The PCC does Mt U8ualty Invest separateiyfor 9ach fund. Where there is no separatè.inveslment interest is appNtioned to Ir1v[dual nds on an average ba18n¢e bosis. UnrnSfy FiJrRts are general fund8vthtth can be used for PCC lydinary purpo8e& INCOMING RESOURCES Planned g(vlng, ¢ollection8 and dorollons are recogn18eil when recelved. Tax refvnds are recojnised when the incoming re8ource to vthlch they relate Is recetied. Gronts and legacies are atcountsd for when the PCC IB legally enlilled to the 8mounts due. Divldends aro 8c¢ountsd for when receivable, Inlerest18 occrued. AN other income Is recognlsed vthen tt Is recelvabl8. All Incoming re80ums are accourrt&l gr088. ESOURCES EXPENDED if8nts and donations are accounted forwhgn pald ¢)vor. orwhen awaTded. rfthat award cre8te8 a nding or con8trucilve 019ation on the PCC. Th8 diocesan parish share Is accounted forwhen due. genoralty recognised when il is incurred and is aCCnted for gross. FIXED ASSETS Consec¥ated and benefice propety 1$ not Includ8d in the CoUnts in actordancewith 8.1012)lal and (cl of the Charitres Act2011. ovable chuTth fumiBhing8 held by the rector arKI thurehwardens on spedal trust for the PCC a1 ltst8d in the chuTch's inventory. which can be inspected (at 8ny reasonable timel. For anything priorto 2000 th8ro18 insuffldenl o)8t Infomiatron available and therefore 8re not VBlued in the financtal stalements. Itèms aqUId 1 January 1995 have been capitalisèd and dewedaled In ts a¢xounts overthr cuThently usefijl e¢onomlc life. Equipment, fLYiures and fittlng8- 25% reduang balance bas18 IndldUal item8 of equlpment wtth a Purchase prtc8 of£1,LW]O or lesB are vnitten off vthen the 888et Is 8quired. LEASES To fadli18te the bulkllng of L8v8nham vilge H811 on a spedfied part of tha Glebo. trNo leases vr4 iegotiated with Ihe DBF In late 20031early 2004 1 A repairirvj and mntainIng leas? bth•eni Ihg DBF and the PCC for the Glèbe for a tem of 40 years aff1 from 1 June 2004 at a rent of£1SO p•r annum Wti reviews every 5 2 A fijll repairing arnj m8lnlalnlng Undertease t¢treen the Lavenham Community Coundl (through their holding Trustees), the PCC and the DBF for a defined plot on the Glebe (and consent to txjlld the Lavgnham VIILqge Hall) for a term of lO yeaTS1&88 2 days. at 8 rent of £200 per 8nnum with rent ewS every 5 year8. Page 5
PAROCHIAL CHURCH COUNCIL OF THE ECCLEStASTICAL PARISH OF LAVENHAM {Regigtered Charfty No. 11316421 ar r 2022 TES TOTHE FI 310e AGcouMllNG POLICIES OF THE PAROCHIAL CHURCH COUNCIL (eonlinuedl Investments Investments a valued at m8rketvalue 31 Decernb¥. The SOPA Indude6 the net ggln$ gnd1088o$ arising on revalualiong during the year. CurrentAsset$ Amounts owing to the PCC al 31 Decembgr in r8spi)Gt offees, reni or other income are Shown as dgbtors less any ptovtsion for amounts t11 may pro LcolleCt8bIe. Short-term depos8 Indude c28h hgkl on deposit eilherwlth the CCLA Church of EWand Funds LY atthe bgnk. INCOMING RESOURCES Vnrestrlo*ed Restricied & D8t.I '1 Fund Funds Totsl 2Q21 21y22 IrKoming rewirce8 fmm donor8 ptanned gimrtg Collections and other vIng T8x recoverable Sundry donalions Legadg6 21032.89 9614.23 8178.59 23769.90 3088.22 21032.89 23251.59 9814.23 10877.68 1971.33 10149.92 11319.07 11611.26 35381.16 29166. 18 308822 97192.82 65883.83 13582.59 79466.42 171813.34 2b Other voluntsry Incomiry re80urc Bell Fund Music & Cholr Fund 340.00 340. 3CQ.oo 520.27 520.27 283.00 88027 860.27 58100 2c Income from operating activktie8 to further the work c)flhe church Sale of rnagazines 2433.29 243329 2075.12 11532.24 11532.24 11475.85 2d Income from operating acUv5118$ to genwato fundB Magazine adVertIsetrant fee8 Rent 9546.05 887.50 8546.05 W23.59 o.co 3194.40 2696.18 4893.31 11090.47 8298.88 9605.08 8538.81 7560.75 889.06 36.09 0.00 Fund raislng Secondthand books Shop sales 3194.40 6197.18 9805.08 29430.19 4929.40 34369.59 27983.08 Income from Invest1 Dtvidgnds Bank Interest 799.77 799.77 2231.92 2236.86 774.80 71.22 3031.69 3036.63 846.02 TOTAL INCOMING RESOURCES IOe851. 22403.9 5.15 212701.29 Indud9d in Incomlng Rescurcos are don8tions from PCC memb8tB and Iholr 8PDUSgS of £7,232 Page 6
PAKfHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF LAVENHAM TES rthd 31 Unrestr1$ Restricted &Dos l Fund Fun(ts Total 2022 Total 2021 3.00 RESOURCES USEO Grants lo fijrther the woth ofthe thurch Overseas mi55ion- K4fjra 8eoJLgr tharilies Salvation Amiy 0.00 1293.95 0.00 0.00 0.00 1293.95 &152.00 0.00 1293.95 0.00 1293.95 5852.00 Secular Charitie8: Wortd Wslon cdlectlon for Ukraine £1,2, plus 2 small anftts to top up general cxJlthtlon8. 3b AthllleB dlTecty rebtlng to the Y)Tk ofthe church DioGesan p8rl8h share Church exFenses Clergy expen89S Cost of semces Upkeep of thur¢hy8rGiebe Church maintenance Major works Wages Depred811on OrganlMusiclChoTr Bd5rope$l Flower/ Nave Fund A.V. Equip. I Chlldren8 Fund 84660.00 13264.33 11x0.86 64860.00 64860.00 5325.85 18590.18 13388.39 1060.86 818.84 846.68 1199.30 0.00 7709.86 7085.65 12199.98 10115.55 74.25 99.00 1185.ljo 952.12 480. 480. 2Lk).00 1598.54 15.54 3131.33 14488.04 115689.00 99322.33 7709.86 4557.80 7085ffj5 12199.96 74.25 1165. 101180.96 Shop Pur¢lws Openlng shop stock at cosl Le88 closlng shop stock al o)¥t Magazine prinling c¢)8t5 Onlirw Glvlng Faes 6S36.36 4330.80 6538.36 2442.54 4330.60 6472.51 203. 4333.00 4720.34 4424.44 216.00 216.00 9599.34 9221.89 4720.34 216.00 9599.34 0.00 Chur( management and adminislrèllon Telophonè. Intemet & Card Temln81 ¢05ts oirice expen808 Legal Fees Audit and Acctyjnt 1479.48 1236.70 1479.48 1392.80 1238.70 1584.65 0.1)) 11130.00 850.C(I 780.00 3586.18 14887.45 850.00 38.18 TOTAL RESOURCES USED .43 14488.04 130128.47 129283.67 48 STAFF COST Totsl 2021 Wages and salari88 Sew employed Organ16ts 3407.02 3515.6Q 8702.96 6599.95 12 Durtng the ygartho PCC empkn>Ed a deanpr and verger (part-time) vjho re not paid an am(nt to attract social securlty o)sts. Page 7
PARIXHIAL CHURCH COUNCIL OF THE ELe$lASTICAL PARISH OF LAVEMHAM THE FINANC d31 4b PAYMENTS TO PCC KqEMBERS The cholrand bell dngers, me Ofw1 may be membefs ofthe PCC, recelved tokon payments forweddlngthineral8 at thl¢h they perftyinad. Ouf Dlrector of Music is a member of the PCC and recelved E8.702.96 In payment8 durfng th• yo8r. FIXED AssErs Tangible tlxed a889ts Equipmpnl fthires &fftbn Totsl Asat 1.1.22 Ad¢thtions during th¥ yfrar al c05t 27262.00 37638.98 27262.00 37636.98 As at 31.12.22 64898.98 64898.98 Deppyciadon Asat1.1.22 Charp forth¢ year 26965.00 74.25 265.c 74.25 As 8t 31.12.22 27039.25 2703925 Ngt book value at 31.1222 37859.73 59. I book valuè at 31.12.21 5b INVEsfMENTS Totsl 2022 Totsl 2021 Quoted I8¢.a2 $01210e 286.85 331.77 CBF Fixed Intsrest S8rI Fund arket ¥ae at 31.12.22 6 DEBTORS Totsl rotsl 2021 Gift AWJ tax and VAT rKoverabl& Other DebloTS 787820 8793.91 3084.62 2951.26 10942.72 11745. Page 8
PAROCHIAL CHURCH COUNCIL OF THE ECCLESITIcAL PARISH OF LAVENHAM E FINAN L STATEIAE for the erhjed 31 De LIABILIMES.. AMOUNTS FALLING DUE WITHIN ONE YEAR Total 2022 Tot81 2021 Creditorsfor gDJds and 8eryl¢e8 Other credltors ond aoEru818 3712.T7 21758.38 4638.00 4T32.66 25471.13 66 ANALYSIS OF NET ASss BY FUND Unrestrlded R$Blricled Desfgnated Endtr*rnent Fund Fund Fund FLmd Total 21122 Total 2021 Tangible fixed 888&t8 37859.73 Inv&stment 88set8 Current assets 37859.73 297.00 26878.77 26878.77 30453.83 6.25 17149.68 16978.7T 2493.50 206837.05 230243.54 -25471.13 43TO.66 12595.18 4549.25 54795.72 115961.71 -25471.13 33586.12 Current liabllllles 79779.50 120510.96 586.12 29377.52 263254.10 267702.48 ENDOWMENT FUND DETAILS The restricted funds comprfse the Fabric Fund whiGh inctudes Income of permanent endoTrents las bgl¢ywl of Helen Murfel Ouvail qUE>s1 foT the upkeep and maintenance LTrftho fabric ofthe thurch.. the M8rdrna Spring StanlLy trustfor tl)e upkeep ol the fabric inclL%ling the Steeplè of the d)urch and the monuments thereln or connected therewith. and Bldd$ll Mernorial Fund for tho upkeep of the churchyard Bidddl Trust (Coal Charity) half for church repairg and half for coal for the po ar Franas Sprfng Bequest for the upkeep of the d)iJrch lower and roofs. Incomo Inveslrnent Ca8h Total Spring Slanty T1 Duvall Bequest Biddell Memorial Fund Biddell Coal Charity Francis Spring Bequest 82.98 590.53 146.26 2.124.34 19,840.71 4.913.72 2124.34 19840.71 5141.11 446.26 1825.10 227.39 446.26 1825.10 799.77 Openlng Balance 104606.27 5065.65 2179.89 0.00 743.24 112595.05 Inconlng Resources Unre8tricted CIo8ing Resources ded Transfer Balance 19228.13 12411.50 111422.90 52027 0.00 5585.g2 340.00 480.00 2039.89 o.co 0.00 0.00 2315.55 1596.54 1462.25 22403.95 14488.04 0.00 120510.9S Fabrfc Fund Musicjchoir FLmd Bdl Fund AV Equipment Fund Chdren8 c0p Fund The D•slgnat¢d Fund £33586 {W,0001 compiisinii tho romaining proceeds from the L8ng18gacy, whlch the PCC has set aslde for the wrchase of movable 8heEving and lighting for the bookstall. Page 9