| PCCfaces the fo | llowing risk |
s and uncertainties: |
|---|---|---|
| Risk | Level | Mitigation |
| Declining | Medium | The PCC and the churches continuously monitor the financial |
| congregations | viability ofeach church. Each church has a responsibility to |
|
| and supporters | maintain its own building and to contribute tothe costs ofthe |
|
| —Reduced | clergy through the Parish Offer. Ifthere were concerns about |
|
| income | financial viability these would be raised with the Archdeacon |
|
| and discussed with the local community to find a way |
||
| forward. | ||
| Declining | Medium | Each church is responsible for finding volunteers to fill these |
| congregations | roles. The specific minimum roles to be filled are those |
|
| and supporters | responsible tothe PCCfor looking after health and safety, | |
| —Lack of | buildings and grounds, assets and building security (normally |
|
| volunteers | the Churchwarden). The other necessary role isthe Treasurer. |
|
| Failure ofa community to find individuals to fulfil these roles |
||
| would be referred tothe Archdeacon. | ||
| Repairs needed | Medium | Every 5years each church has an independent Quinquennial |
| to church | Report which assesses the church buildings and details work |
|
| buildings | that will need to be done. Each church District Church Council | |
| (DCC), along with the local community is responsible for |
||
| contributing tothe costs of providing clergy (the Parish Offer) |
||
| and looking after their church building. ifthe building cannot |
||
| be maintained to a safe standard then it will be closed either |
||
| temporarily or permanently. |
| Unrestricted | Restricted | Endowment | TOTAL | FUNDS | |||||
|---|---|---|---|---|---|---|---|---|---|
| Funds f |
Funds f |
Funds f |
2022 f |
2021 f |
|||||
| Gift Aid planned giving |
52,521 | 12,245 | 64,766 | 65,440 | |||||
| Other Planned Giving |
9,098 | 360 | 9,458 | 5,268 | |||||
| Collections at services | 9,856 | 5,896 | 15,752 | 7,369 | |||||
| All other giving and voluntary | income | 20,642 | 878 | 21,520 | 14,053 | ||||
| Gift aid tax recoverable | 16,820 | 2,735 | 19,555 | 16,936 | |||||
| Legacies received | 65,272 | 65,272 | 62,757 | ||||||
| Grants received | 6,072 | 2,286 | 8,35& | 12,660 | |||||
| Statutory Fees (weddings, | funerals, etc.) | 10,479 | 10,479 | 8,995 | |||||
| Magazines, bookstall and |
sundry sales | 12,056 | 5,299 | 17,355 | 12,161 | ||||
| Fundraising events |
8,803 | 8,803 | 6,940 | ||||||
| Dividends and Interest |
38,016 | 38,016 | 37,178 | ||||||
| Other income | |||||||||
| 249635 | 29699 | 279 34 | 249,757 | ||||||
| TURE | |||||||||
| Fundraising Costs |
490 | 90 | 580 | 82 | |||||
| Donations to charities | 2,810 | 5,896 | 8,706 | 2,504 | |||||
| Diocesan Parish Share | contribution | 92,985 | 92,98$ | 95,871 | |||||
| Salaries / honoraria | 14,85S | 32,347 | 47,205 | 44,156 | |||||
| Expenses (ofclergy, pastoral staff, etc.) | 2,298 | 3,077 | 5,375 | 5,059 | |||||
| Mission and Evangelism | 592 | 592 | 1,118 | ||||||
| Church running expenses |
86/76 | 3,9S4 | 90,360 | 72,561 | |||||
| Church utility costs |
24,226 | 24,226 | 15,692 | ||||||
| Magazine Printing Expenses |
10,597 | 10,597 | 8,870 | ||||||
| Major Repairs to churches | 5,089 | 5,0&9 | |||||||
| New building work |
5,719 | 5,719 | |||||||
| 246,040 | 45394 | 291,434 | 245913 | ||||||
| OME/(EXPENDITURE) | ARISING | FROM ORDINARY ACTIVITIES | 3,595 | ( 15,695) | - | ( 12,100) | 3,844 | ||
| S/(LOSSES) ON INVESTMENTS | ( 108,985) | (59,114) | ( 168,099) | 103,502 | |||||
| OME/(EXPENDITURE) | (105~) | ( 15,695) | (59,114) | ( 180,199) | 107,346 | ||||
| RS BETWEEN FUNDS | ( 20,000) | 20,000 | |||||||
| EMENT IN FUNDS | ( 125+89) | 4,305 | ( 59,114) | ( 180,199) | 107,346 | ||||
| UATION OF FUNDS: |
|||||||||
| ds brought forward | 1,156,196 | 146,859 | 371,993 | 1,675,048 | 1,567,702 | ||||
| ds carried forward | 5&6 | 1,030,807 | 151,164 | 31M79 | 1,494,849 | 1,675,048 |
| KIRKBYLONSDALE | ||
|---|---|---|
| PAROCHIAL CHURCH COUNOL | ||
| BALANCE SHEET | ||
| AS AT 31DECEMBER2022 |
||
| Note | ||
| FIXEDASSETS | ||
| Investments | ||
| CURRENT ASSETS | ||
| Debtors | ||
| Prepayments | ||
| Cash at Bank and in | Hand | |
| UABIUTIES: AMOUNTS | FALLING | |
| DUE WITHIN ONE YEAR | ||
| NET CURRENT ASSETS | ||
| NET ASSETS | ||
| FUNDS | ||
| Unrestricted | ||
| Restricted | ||
| Endowment | ||
| 5&6 |
| 2022 | 2021 |
|---|---|
| f | f |
| 1,031,844 | 1,199,943 |
| 1,031,844 | 1,199,943 |
| 49,009 | 63,017 |
| 10,336 | 11,586 |
| 426,393 | 420,129 |
| 485,738 | 494,732 |
| 22,733) | ( 19,627) |
| 463,005 | 475,105 |
| 1,494,849 | 1,675,048 |
| 1,030,806 | 1,156,196 |
| 151,164 | 146,859 |
| 312,879 | 371,993 |
| ~1+49 | 1.615,04$ |
| STATEMENT Of CASH FLOWS | ||||
|---|---|---|---|---|
| FORTHE YEAR ENDED | ||||
| 31December 2022 | 2022 | 2021 | ||
| E | E | |||
| Reconciliation ofnet income/(expenditure) |
to net cash flow from operating activities: | |||
| Net income forthe year | ( 180,199) | 107,346 | ||
| Deduct interest income shown in investing |
activities | (38,016) | (37,178) | |
| Deduct gains/add back losses on investments |
168,099 | ( 103,502) | ||
| (Increase)/ decrease in debtors | 15,258 | ( 38,145) | ||
| Increase/(decrease) in creditors |
3,106 | 6,306 | ||
| Net cash flow from operating activities |
(31.732) | ( 63.173) | ||
| Cash Flows from Investing Activities: | ||||
| Payments toacquire investments | ||||
| Receipts from sales ofinvestments | ||||
| Interest received | 38,016 | 37,17& | ||
| Cash provided by (used in) Investing Activities |
33,016 | 37,173 | ||
| Cash Flows from Financing Activities: | ||||
| Repayment ofborrowing |
||||
| Cash used in Financing Activities | ||||
| Increase (decrease) In cash Inthe year | 6,264 | (27,995) | ||
| Cash atthe beginning ofthe year |
420,129 | 448,124 | ||
| Total Cash at the end ofthe year | 426,393 | 420,129 | ||
| Relating to: | ||||
| Cash at bank and in hand | 426,393 | 420,129 | ||
| Bank overdrafts Included in creditors |
payable within one year |
| INVESTMENTS | ||||
|---|---|---|---|---|
| 2021f | ||||
| CBFInvestment Fund |
996,949 | 1,160,456 | ||
| COIF Investment Fund |
34,895 | 39,487 | ||
| Value as at31December | 1,031,844 | 1199,943 | ||
| Movements in the year: |
||||
| Market value 1)anuary | 1,199,943 | 1,096,441 | ||
| Purchases less (Disposals) |
||||
| Income reinvested Net (loss)/gain during year |
~(368.099 | 103502 | ||
| Market value 31December | 1,031,&44 | 1,199,943 | ||
| ANALYSIS OF NET ASSETSBYRIND | ||||
| Unrestricted | Restricted | Endowment | ||
| Fundf | fundf | fundf | Totalf | |
| Investments | 718,965 | 312,879 | 1,031,844 | |
| Current Assets Current Liabilities |
328,773 ( 16,931) 1,030,806 |
156,965 ~5801) 151,164 |
312,879 | 485,738 22,733) 1,494,849 |
| Fund Balance | ||||
| Unrestrkted | Restricted | Endowment | ||
| Fundf | Fundf | Fundf | Totalf | |
| Investments Current Assets Current Uabilities |
827,950 344,776 ~16.53D |
149,956 ~3.097 |
371,993 | 1,199,943 494,732 19,627 |
| Fund Balance | 1156196 | 146859 | 371,993 | 1,675048 |
| Balance | Income | Expenditure | Transfers | Gains | Balance | |||
|---|---|---|---|---|---|---|---|---|
| 1.1.21 | end | |||||||
| Losses | ||||||||
| E | E | E | E | E | f | |||
| Total Unrestricted funds |
1,114,930 | 188,431 | (202,355) | (15,000) | 70,190 | 1,156,196 | ||
| Restricted funds | ||||||||
| (a) | Church buildings | and churchyards | 43,812 | 14,630 | (3,380) | 55,062 | ||
| (b) | Music in Kirkby Lonsdale church | 2,948 | (1,370) | 1,578 | ||||
| (c) | Donations received for charities |
1,580 | (1,580) | |||||
| (d) | Family Project | 52,377 | 20,348 | (35,773) | 15,000 | 51,952 | ||
| (e) | Friends ofSt Mary' s | 14,198 | 24,768 | (1,455) | 37,511 | |||
| Small funds E2,000or less | 756 | 756 | ||||||
| Total Restricted funds | 114,091 | 61,326 | (43,558 | 15,000 | 146,859 | |||
| Permanent Endowment |
Fund | |||||||
| (f) | Hutton Roof church |
338,681 | 33,312 | 371,993 | ||||
| Total Funds | 1,567,702 | 249,757 | (245,913) | 103,502 | 1,67S,048 | |||
| Notes | on restricted funds |