Charity regi51ratifjn Thwmber Il31911 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PETER HAROLD WOOD ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 THE PAROCHIALCHURCH COUNCILOFTHE ECCLESIASTICAL PARISH OF ST PETER HAROLD WOOD LEGALAND ADMINISTRATIVE INFORMATION Tr¥stee5 Mrs l. BU￿d¢ Mr J LhJii Mr I c.vok Mr J t)a¥is Mr tvl tr1￿1￿￿n Mr J IlJrris Re￿ R FludsL)n Mr l JLftery Mr (' Kiiuwlcs t)r K (Ig¥d¢gbe Miss A P¢[ Mib.E % King Mr J FSakiT Rcv..l14ellis Mr& ￿1 W'illin¥hatn Mr % Read Ms J I Ivoi-Narim Mrs J Poiiinger IAptM)inted 19 Ma> 20221 IApwinikd 30 s¢plu￿t￿.r 20221 Chirity number Auditor Franuis J8mL% & P￿rItters l.L.P 13861.oiidon Road l.eigh un Se LiiBland SS9 2UJ B2Dker5 CAI.. Bank l.td 2) Kingps Ilill Av¢rtu¢ KLni l..nglwid MF.194JQ Virgiii Nfone CFO.qfDrih NewcJsili upoii lyne NE3 411L National Wc%tminsier Ilank Pl.L SilbuTr- HiTrus 100 SilbU￿ Biiull Vdrd MK9 27.F THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PETER HAROLD WOOD CONTENTS Pagt Tru51¢es' r¢tx)rl Stat¢menT oftruslees. respNlllSibilitie% Independeni auditorfs rcFM)rt 7. 10 Sta¢em¢nt of finaniial ailivjljLs B￿la￿Le shLel Siatttncnl of ¢￿h Iluivs NotLS 10 IhL findnLi&I SlalL'tn¢nls 14-22 THE PAROCHIALCHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PETER HAROLD WOOD TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 Tlii iru£tCL.£ preqeiit their aniiual rewrt and liiiaiicial staicment% lor the yw ended 31 Decemkr 2Q2? Looking Baek...4 review olchuroh fgJnil> fingncts during 2022. Tht Budget.. "I.1￿ C'hiirch biidgii'l lor 2022. dL'i'¥Ivp-d Ihc fIn￿l￿ I￿￿. ￿{1 approvL'Il b). IhL PCC dri￿￿n b) analysi% nf SFKnl in 2021 and L'XPLKlixS L￿￿Tr￿lIll[L￿ ljir 2022. IT alsv I[￿￿k ini(1 ￿l￿lIn1 lh¢ ¢lLp#rimLiii bud¥Ll%.- %ulJry. l¥ihiii)l¢)¥k. l-.abri¢. Yuuih and IlvmLn s ￿lin151[1¢￿. T￿[? salary r¢￿1¢w8 ￿tre ui)d¢rtaken in 21)22. n¢¢¢S%1￿1¢{l by Ih¢ ￿1ra-Ord1n¥rY ¢conomic cirLumsiances. "I"he Busines% l&%k tirDup pn)pi)%ed. artJ PCC apprc>ved. tW(I percL'iii&ge ittLre￿t% 2022 to ensure our noii-cl£EN' Ssafl. lexcluding John BakLrl itt reccipt of a fair lii'ing wage. Jahti BEther's ￿lary 1% matchcd to Sil￿nd Icvels set bN' thc Chiirch of l..ngland. '1.￿ 'leihnology budget, prep￿ed b), J()lin I lJrri% and tlie lechnulogy le￿7￿, highlighlLd a liLun￿r ol. updalcs Ihdi iyould bc required to eiisurc all eqLiipmeni, uscd in ilie Church building and during ser￿1Cc￿, was fil for purwsL'. I hL' IL'atn IL'¥cafLhL's bcsi aluc lor monev ￿hell purcha%iiig good% and, ishere wssible, tend io w out alinusi all thQTrLidlLd wilh updalin¥, rL'pair id rePl￿171e11[ Ji no ddJitioiiJl Lust to the Lhurch budgei. 'l-hc Fabric le￿. linder the leadership ol"IrL'i'ur Klarlow. Lunlinue tv ensure that tasks idLntilicd bi th¢ Quin4uennial- C.hur¢h Iluilding Inspvctiun 120201 arc a¢ivd up)n. 'I'hLy alsu L￿[>- out a numbLr vf un-5iIL iThp¢¢tivns i(l¢rtiilsiNg wnrks requi atlcniion in ordcr to kccp Ihc building safc and fil for usc. -I'hc incrcdiblc incr£￿¢ in 10515 fvr (145 and E'.lectriciis l¥d ts) lh¢ furmdliLlll yl. small gruup. mad¥ up ul-Tr¢vvrTr ￿l￿d tnLm￿[S IhL' lead¥rbhip i¢am 10 ideniify ￿'￿v5 iti ￿h1¢h Could rcdu¢c heal wd51agc frum IhL buildingi and yti kL*p Ihu building auLLssible fur dll lh￿ girvups wliu m¢ei th¢r¢ ¢a¢h ￿tek. This led 10 a number of 1tllpTU￿vt￿cn1S. lor cY￿PIC Ihc liiiing ol. duublc g1￿¢￿ iyindvw unils in th¢ Insprebourn¢ l.oun8e (also ittiprov¢il sccurityl, Ihc fitting of Iicrno%'ablcl PcrSF￿x 'doublc glazing, in Ihc church buililing th1nJo￿$ Jnd cn%uring the .qolar pJncl% werc wurking. (The panuls a￿1￿1 in Ihe PTL-hL'alingT vf sum¢ vfuiir hvs ￿￿1¢T.) Il'hcn appr¢)priai¢ 10 do %0 the m¢mb¢rs of Ihc Fabric lask LTrvup LuniplLl¥ tLpair5 thcTn5Llv¢￿ and Ihus hLlp th¢ ihur¥h ￿ k¢ep Lusls 10 d minimum. In 2022 lh¥ Youih T&1Tn pNbLniLd IhLir firbl Einniial budgFLI and fuifillLd )11 pha.£¥s a% plann¥J. I'hiN cnahled Ix)Ih th¢ Yi)Uth and Ihe F'indnL¥ ILatll5 11) LnsilF¢ Ihdl all LXPL*dilurLs apprvpriaii iiiihin bU￿￿¢t plans. bui ii)iiiiDu¢d iii illeet lh¢ r¢si)urce nLids for all vur youih ¥FUUP5 as Ih¢) ¥rviTr in nutnbLT. 'I'hi 11.vmln s MinibtF) bud¥¢l mosil) liliusi￿ in 2022 ￿ a iould IK)I tek¢ plai¢ due i<) lo￿ld Yesiriciifjry%. nihLr ¢X￿ndit￿re￿ rvxraiii gs annual cosi.£ includi.. f¢v%. lic¢iic¢%. in8uraiice%. evangelism etL. The PCC agr¥¢d that th¥ 21J22 budg¢i %hould ¢ontinU¢ io in¢orpornic twfr gift d￿yS to ensurc that income raised io tneei our plannLd ¥xp¢ndituw%. Th¥ C.hur¢h 1% still noi in & po%iiil)n 10 Sii J i)Jlanc¥'d hLKl8¢t ivithoui iiicludin8 ihe two gift dajs. It is enLuur4iTinb ts) that rL¥ulJr ¥1￿111¥ ViintinuL¥ Iv iiiirV￿¢'. ix)Ih iii Ihv numk'r iil-w)pl¥ who give regularl> and dlso in the niinibur vl'mLmbcrs whu Jnrtudll)- r¢si¢w Ih¢ir bTjYln¥.'I'his is a bprral rn¥vurabp¢m¢iii. 'Idkin¥) ini(1 diiiiunt previi)uts in￿111)¢ Ir¢nd%. Ihe pi)teiitl*il aiiJ eX￿cl¢d expenditures and ihe tx)s%ible lurther impact of Covid In 2022 lh¢ PCC.. aw¢¢d to $¢1 a bud¥¢l sknwing a w)t¥llli41 deliiil 01'£14.760. End Df the year ltt¢omt: Th¥ l.ord has once again been grJcious in Ills provisioii for the fjnatices al Si Peicr s C'hurch. and altnosl ￿1 our inwm¥ si)ur¢e.q shoived @Th)￿,1h acroqq ihc year. fvli)St planiicd expenditurc arca% came in closelv iyilhin Lx￿￿￿at1o￿s. -l-he xi¢p¢ions w¢r¢ utiliiy ¢i)%l%. maini¢naDc¢ building diid LquipmLIII Im()stlJ repJirs axsuciaied iu keL'ping the building sub.4ialliial %urplu%. iif£61.43J IIviv¥i¢r. Ihi.% is hLltii%e fLeLI¥Ld a ver), geiieraus Icgacy, in excLSS o1-È7?.1100. I ￿'OUldn' urTnalli PLJblish IhL ¥xatyl l¥gp41¢1' fi¥urii in Ihis riTKirt. dthn¥ %{) thiq }'eJr. without thc Icgac! ise ivoiild haie ndL'd IhL' isiih d dvfiiil. Wi Ihank thi Lhurih fEiniil) fi)r Ih¢ir k¥ry ¥iiiin)ub ￿}￿.%￿1[rif1￿l￿I giwiiig thn)ughoui ihL NLJr aNEi -hL' I'LI. givL's prdisi. Ihankb. lli iiur l.urd CJ()d fi)r i%dlLhin¥ c)¥LF U%. mii)ura¥in¥ us t() trusi iii Flim to make ptt)v¢sinn Ivr 11 Ihdt trle wants us lu dv. ancl we conliiiuL' lu Pra￿ ikni IYL tnav s¥rYL Him laiihfLJIIy. A polite ￿Minder'. fjjuu are a ¢lL¥p￿er ayid£ive e¢ther reA?[{I&TrlJ' (frr Iv.S¢ Peier.i ClIUPL'li. plott.fe cumplete reiiirii d GiJiAid JéirnL Eqiiallj. if}OR 4TrE no luiigerpo'iiig ¢heii lel u5 kii¢JH'su ihof w¢ ftvi ttittkefiirtliÉr Gift 4iil cItti￿1$ ¢kA ur helialf. Business Task Group ¢v¢ry oihtr month11.¢t¢uark. April, Jun¢. Augu%t. ()ciober and l)eceillber.I THE PAROCHIALCHURCH COUNCILOFTHE ECCLESIASTICAL PARISH OF ST PETER HAROLD WOOD TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 AtkuowledgeweTrl* I ii'vulJ liki l¢) thank Ihci%¢ ¢unlinu¢ lo Lvnlribulc so much ol'ihL'ir litne and cncrgies as nicmiKrs of all ihc lask groups as w¢ ￿￿[k liig¥ihLr in￿bI]n￿ lh¢ BIISP￿[ (If Christ lii iK' he￿d and lo scrve Ihc church 11L milN-. hcrc al 51 I'cicr'5 14Jmld Woud. dm ¥s￿lia11Y bpfaiLful li) who wvrks so liii'lcsslv on Ihc Financc -Icam. Lnsuring Ihai all Ihc priKCbSCS and pNiIL(IiirLS of managing i)iir Lhurih finan¢L'S arL' in plaLL dnd ￿l.1 nc￿Lr lakL' IhLir eyc's utTihL ¥(ial.- *'rving li¢xI Fli% Lhurch ('amily h¢￿. an(1 sUPW)rtin¥ IhL ￿Ork of 5harinb thL iTOSP-l in I[￿VId Wood LK'yond. Pl¢as¢ ivniinue io pray fi)r us. Ihai lh¢ LvrJ Gvd will siislain cnablL La¥h urus lu (ullil VUT dulic5. way whai %%c can do in our O￿n %ir¢n8ih. PIL&%¢ prai. Ihai u¢ may Irusl fully in I lim for ￿ls￿o￿ and knowlcd8U. Th¢ fittmcial .£taicmini.% hak¢ iK'¢n prcpar¢d in a￿￿[dance wiih IhL aL¢uunlin¥ puliLIL'S sL%I uiil in nOlL' I 10 Ihe financial 5t41em¢nib anJ iomplv iviih the C.hdrilv'5 I¥uviTning ili¢ (.'hariiy Commissitrn in d&'id¢iig ivhai *iiviii¢s Ihe Chariiv shvuld undertake. Volunteers l)Iiring ilie year ihe aciikities remain d¢petiJani upi)n lh¥ volunlLLr htturs re¢¢ivLxl. li bL*tt caliulaied Ihai Ihis e4U#ILs Iv approximJt¥ls 75 ￿oI￿nI¥¢r￿ giviiig 2 hours PCT Ilckk. Jlthievemèllts anJ perform4tt¢¢ THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PETER HAROLD WOOD TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Fity#n£ial rtview Financial p051tion Relie -Ivlal inii?mi-. £C?37.?68.'I'hi% fi¥iirL is th¢ ioial iniom¢ for all ftsnd% and inL[Ud￿ incomL frotn d(Jnors Dnd oiher income. loclusive 01.. £83,824 froin the gift days. £72.5QQ in Icgacies. £94,600.511. from Gifi Aid"I"ax Rcthds. 6¢￿traI Funds InwmL friim (Iiini?r%' £621.560. Restri￿ed fund.. £7,056. -lo nine diifereni funds. Expe￿dif￿r¢ R¢Yjnv Ciencral l-.und8.' £553,831. Designaied l.unds'. £5,836. Iricll'd F'unds-. £10.167. Pro￿ ninc dilTcr¢nl funds. Total eX￿ndItUre from all funds. Igeneral. deSI￿ated and re.£trictedl Ivas £575,834. End of Year BalaDce 411 Funds -hc linal cTriilLi>mL' 14 Slirpli￿ ul £70.-$45. '1'his niimbby ri'pr¢SL'nls IhL surplus Df unro%tr1ci￿ funds aft¢r Irdnsfcr Ic) oiher lunds. rhc total surplus of all funds l¥Ln¢ral, d¢signaicd and rLqlri¢t¢dl is £61,434. FunJs cgrri¢d fonvard.."lots1 £344.6(A). (iencrdl fund.£um'. £266,56l). l)e%iBnaied Iwid suni.. £67.597. 'latil Inr geiiLral and designatLd.. £334,160 I"'ixcdA5SCts". £1(H),OVO. RLlaling Iv Ihc prvpcrti in l.larold Lvurt Road. is tsMrt¢d by lh¥ ¥hur¢h. Restrve$ polity ThL c.hurch alin£ to hold re.£erve.4 equ31 to gpproximatelv iliree Inonihs fixed ovethead%. E)¢thil% of liiiancial performanLe ￿e Duilined in the aniiual report. 11 is the wlicy of the Chariij Ihal iinrc51riilcd funds ￿.h1¢h nui beLn disi¥NILd for a sp¢¢ific u%¢.£hould h¢ maiiiiain¢d of reserves h3s ￿en mainlaincd Ihr(>ugknut Ihc ycar. Plans for future period5 rv1¢5. A pltra. Iu LOlltinu¢ ¢)ur g(K)J works and noi g¢i ioniplacent We are i¥here ise are by tlie grace and goodness ol'(Tod. l.ct us cvntinuL LO shvi¥ our dLpenJ¢nL¢ on Ilim bk praking Lliai In C'hrist. I Ic niiBht.£upplv our C￿ery nced. free u% IrDm a I0￿C of oncy in (he )'¢ars thlad mak¢ us ¢v¢r more gcner1)￿% wmmitt¢d to go%￿] minisiry liere ai %i Peter's and he￿Ond. THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PETER HAROLD WOOD TRUSTEES, REPORT {CONTINUF.D) FOR THE YEAR ENDED 31 DECEMBER 2022 2Q23 Budget Iii JaiiuJrs 20?3 the PCC 88r¢¢d ilj %¢1 a buJg¢i wilh a projcclL'd illCOTllL' o1-£552.637. &1 6YD incrcasc in Ihc budget. over the hcid li) accept cosis -I'IyoLighoui 2023 thc fri11￿ice ieam aim to carry out u rcvicw ul'ihi Iiifvtmativn hay¢ on our donurs iu bnsurL Ihdl the all ddi is lip io datc and accuratc, which ni￿￿ rL'quli in an in¢riasL in Gifi AIJ rLliLfiinitsTnL? "I'hc Pl'l. applicd lo rcceive an 'Lner&N' Costs (i￿11, from lh¢ dioc¢s¢ and rw¢iv¢d lh¢ sum of £1710. I￿{ r¢fl¢clLd in thL- budgLII Jnd usL'd iu UIT.￿1 sume ufuur annual tiiel costs. (1￿CT 2021Q3 WL. hdvc rL'LeiYed a rcduccd income frrom the diocesc, via Ilousing AIIcJthanc¥, ha￿e haJ Jn ¢mpi cILYgy hDusL' fur svmc. lime. li is hvwe%-er, likely ihai we will b¢ in ￿ PQ%ltion t() r¢nt out onc ofour pril￿nI¢5 in th¢ n¥ar fuiun. Wk ha￿¢ alsu bLL'n in touch iyiili thL diucese to iiililmiatinn on their inientinn its ¢ii%ur¥ ihw th¢ hi)u¥itig #llnwan¢¢s iv¢ are cnliilcd lo du aCcurdlcl￿ rcfleth currciit local markct pricL. It is th¥ inlLnlivn vf Ihc PLC lo conlinuc %%ith rcvicws ol- Ilie job descripiions for our non- cler&v siaff. to eiisure thai rttles are FLII¢ciLd in sal4Ties. 'rh¥ lth'o gift dgys will lak¢ plaLL in May 114.1 and Uciober115th1 ill 2023. GoverniDg docunienl -1 hc Lhurch is gUi'L'med by the Parochial Church Council (PO￿¢r$I ￿l¢as￿re 119561 as amenJ¢J and ¢hur¢h K'PT¢seniaiion .1 hL' IrusieLS serwcd during Ilie year and up to the dat¢ ¢l'signatur¢ of lh¥ financial siai¢m¢nis ii¢r¢'. Mrs L Bvwd¢n 1r J I'han Mr'l. Cvok Irj Dali. Mr M I larrison Mr J I {￿'r]S RL'I R Hudson Mr l Jeft¢ry MF C KnO￿lLS Mr l. fvl(irris Mr J Norlon Dr K (I¥LdL¥hL Miss C Okoli R¢ic R Powbr Mi%.4 A Penn Mibs S King Mr J B4k¥r Rci A Bcllis Mb A'l'ibbull Nlrs Willinghani I'hoinpsun Mr%Rca Is J I looi-Narimas (Rcsigncd 31 Dcccmber 2022) IRtsisaneJ 31 Nlar¢li 20221 IResi8ned 311 June 2Q221 IKesi¥ned 31 July 21122) l.Qppi)inied 311 SL'PtLnibLr 2Q221 kecruitiijenl xiid aiipointjiient of ntiv trugteès THE PAROCHIAL CHURCH COUNCILOFTHE ECCLESIASTICAL PARISH OF ST PETER HAROLD WOOD TRUSTEES, REPORT {CONTINUEDI FOR THL YEAR LNDED 31 DECEMIIER 2022 Organisational strllLlure Mciiibcr% uf the PCC ale either cx o*ficio or clected by the dniiual Paroehial Cliuirh i)iccliiig iii aCCOi'ddilCC willi the chiirch rcprL'SCnLaiion rules. Dui'ing Ili¢ year Ihe lollowirtg served as iiicinbers ol IliL PLC.. In¢vmbent- Rev R Hudsoii WaTden5: Mr J Ch&n M% A Penn Rcv R Pow¢r l Up lo July 20221 Mr J Bdker Rev A Bellis Treasurer: Associate Mlnlsters.. Curate: The IIv8iees' report was approve41 by the Board of Tru81ees. M lJarrison Trustee 29 Mairh 2023 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PETER HAROLD WOOD STATEMENT OFTRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2022 'I'he trusiees are resp)nsible for preparing Lhe 'I￿￿tee￿. RepN)rt ￿ld the linancial siaieniellis in accordancc i￿11h applicable law and Uniicd Kingdum Accuuniing Siandards Illniicd Kingdorll ticncrally AcLcpicd Accouniiiig I'raLlILtI. whiLh biiV¢ a tru¢ f#ir Vi¢VJ r)I'ili¢ blu1¢ vl'allairb vfih¢ C'harily ul'tlie iniuminb resuuri¢s and appliiallQti of r¢%ourieb ol-tli¢ C.liarii> for t1￿1 year. In prewing these financial statements. the irustees Dre required io.. sclccl 5uilablc accounling wliuics and lhL￿ appl) Ilietn consislenilj., obscri'L' Ihc mLihod9 and priniiplcs in ihc Charilic5 SORi'; mak¥ jud¥¥m¢nis gnd isiim91es thai ar¢ nJs1)nabl¥ pr￿￿'￿t., state whether applicable accountiiig statknlards have heen follo￿,ed, subject to ￿lY matetial departui'es disclosed alld explained in thL fi￿7claI siatcmeiits. ￿lld prew'L' the linJncial siatetnLnls on the going conceni bdsis un]L￿5 Il is inapprupriaie lo presiimL Ihal thi Lhic rii) will LonlinuL' in operdliun. "I"hc Iriisictt ￿ rc5wnsiblr for kccping sutTicicnl ￿Counting rccords thai di5c105c with rca50nablc alcur￿￿ ul any IiInL' IhL I".harily IAuiiiuni% and R¢p(ITis1 Rigpulaiicins 2(KJ8 Eind IhL prv*i¥ivns v( IhL Inisl diLJ. 'lThi* a150 r¢sp)iibiblL for ¥u(¢bJiidrJirt¥ Ihl ofih¢ Ch￿IlY hLrti¢ li)r tsking rL4SOrtublL 51¥ps for thi priviniic)n anJ J¢.1￿[l()n of fraud wiJ oihcr THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PETER HAROLD WOOD If4DEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OFTHE PAROCHIAL CHURCH COUNCIL OFTHE ECCLESIASTICAL PARI.%H OF ST PETER HAROLD WOOD Opinion Il'i havi audii¢J lh¢ finon¢ial $tai¢m¥*is vf i'hc P￿hla1 Church Council Ol'"l-hc Ecclesiastical Parish ol. Sl Pcicr Ilarold Ith¥ '(.'hariiy'l It)r tb¥ k¥Jr 31 t)¥L¢mbLY 2022 whiLh LiinprisL' IhL' sialLmLnl ur rinJnLidl aLLIVjllcS. IhL baldnLe sheei the siaiemetii ol c￿h fli)Iv.% tivieb tv lh¢ Iin*iniial slal¥m¥nis. iniludinby signifiL￿1 aLLvunlin¥ puliLi¢b. I'hi Iinaniial roportiiig framemork ihai lias heeii applied in their pr¥pJratii)n is appli¢#blL l#w Jiid LInilL￿ Kiii¥doni ..ILcvunlinb SiaiithT(ts. including l.-indncial Rcpi)rting %tandard 102 Thg fi￿￿￿£.1{￿l Rgp(Ji'lin£.fiunthiyl orplic'ablv iry ilic l.'K cind Rc'piihlic o/lrel¢7nd Illniied Kingdum (ienerall), ALcepiedAccouiiting Practi¢¥'l. In Dur vpinion. lh¢ fin￿Lia1 slalLm¥nlS'. giyc a ITUL. lair Nic￿. of ihc siaiL ol" the chariti s glTairs as at 31 Dceember 21)22 and of its iheomittg r¥our¢¢s and dppliualivn ol'rLsuurLcs, for Ihe vear ihen ended,. have been properly prepared in aL¢orJan¢¥ %Triih Uniiid Kil￿,￿￿￿ tik'nirdll) ALcL'pILQ ¥lcLuunliiig PrautiiL'. and havL iK'¢n pr￿p￿￿￿ iii &L4)rddnw' Iviih Ihe rLquirL'ML￿ls ul-t￿. Chariiies ACL 2011. Basi$ lor opinio Wi L(TrndLicILxl vur audit in a￿Ord￿Ce with Inlernaiional Standards on Audiiing IUKI IISAS IUKII and applicable laiy. Qur rLSP()nsibilitl¥S unJLr IhusL' slan(knrds' arL' (urthL'r dL'scribed in the incon%i%lLiii isiih thL fiThan¢iiil blaliminis 1)r uur knO￿l¢d¥￿L obiainLd in Ihc cvurbL ul-lhi audit. or vihLtWiSL ilPPL'cirs dei¢nrin¢ i%'lieih¢r Ihits ¥ivL¥ ri%¥ l(1 a maiifidl mi*slaliJninl in thi lindnLial sidlLmillis thL'tnK'IvLS. 11-. b(l￿'d i)n IhL Wt)rk hai'e pirfi)riiieJ. w¢ ioiiiluJ¢' Ihai Ib a InutL'rial ￿l￿1￿L¢M￿nI ufihis uih¢r ijilotmdlivn, M'4uired tu rewrt ihai I￿l. W¢ h#v¥ nothing 10 rLVDrt in this ri¥ard. latters on H'hieh we req￿ittd lib report by t%¢eplion Ihl inlibrmiilitsn ¥iiLll in IhL liniincial Staic'mL￿ls is inconsistent in any tnalerial res￿Cl with the trusiecs. rewn.. or 'e haie ni)I recL'ived 2111l)e information onJ explaiiaiiuns ii-L rLquirL Ii?F Our audil. THE PAROCHIAL CHURCH COUNCILOFTHE ECCLESIASTICAL PARISH OF ST PETER HAROLD WOOD INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE PAR()CHIAL CHURCH COUNCIL OFTHE ECCLESIASTICAL PARISH OF ST PETER HAROLD WOOD Responsibilities of trustees .,Ib ixpl4iin¥d IniTrri lulli in ihi slal¥mLnl Lif IruslL*'S' responsibiliiies. Ihe irusle*i rL'bwiisiblL' for lh¢ pr￿'p￿dI1on uf Ihe rrdud ur ¢rror. In pr¢￿1[li7￿ IhL fin￿7¢1￿1 slaiL'mLnts. IhL iru%lLK's afc. fLswllsiblL fi)r assL.%SiIIL LhL Charilv's abiliiy lu ciTrniiiiue Js ¥uing LonLLrn. l11￿1￿51n8l cls appliLable. mallcrs rL'laicd to guing conLCrn ciiid usiiig ihc going conccrn basis ol- accuunling urtless Ihc irusiLes eiihL'F inlend lu ce&e vp-rdii(>ns, or have no redlisiic alternative bul lo do so. THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PETER HAROLD WOOD INDEPF.NDENT AUDITOR'S REPORT {CONTINUED) TO THF. TRIISTF.ES OF THE PAROCHIAL CHURCH COIINCIL OFTHE ECCLESIASTICAL PARI%H OF ST PETER HAROLD WOOD -4uditor'5 responsibilities lor tbe Judit tyf the firt4n¢io1 st4iemtntS mib¥lUt¢ni¢ni. wh¢th¢r Ju¢ lu Irdud ur krrvr. Iii l&bUL audili)r'% rep()rt ikni inLludes ()ur upiniilli. Re&%ondble a%%urdiiL¢ Its a high level of L£surance bui 15 nvi a gpuaranlLI That an aiidil conducied iii accor￿lCe with IS&Ks IUKI will ali%'a)s deteci a maierial Inis£taieinent whcn it ¢Xl%l%. ￿11￿$¢al¢M¢n13 ian arisc frorn fraud or crror and clrc considcrcd matcrial if. individually or in the aggregate, the! ¢i)ulJ r¢a%i)n%iblv iK' VIP￿LI￿d Iv inflii¢nLe Ihe eLunvmiL deLisii)ns of USLYS iakcii on ihL basis of ihesL rinancial siatemenls. Irregularities, includiiig Iraud. are insi￿1¢￿% of ni)n-¢iimpli4in¢¢ with laws and re¥uldiiiin¥. Wc. dc'sign prvLLdurc's in line ￿'ith our res￿nsibIlitieS, ouiliiied alx)v¢. to d¢i¢¢¢ mai¢rial mib51#1¢1n¢nis irt rLbpvit uf irrigiilarilii5, inLluding fraud.-I'he exlenl lo which our procedures are capable of deieciing irr¢gularitIi￿. inLludin¥ fraud. iy dilail¥d b¢low. "Ihe ￿tUre vf IhL indu%lrv and seLior. coiitrol environmeni and bu%in¢ss pcrforman¢c includin¥ IhL design v( IhL' Church's licies. key drivers fur Irusiees remuiieraiion. resiilis of uur enqiiiries of maiiagcment, iniernal audit and ihe Audii & Risk C(Trmmiiiw ¥houi ih¢iT own id¢nlifi¢aiivn and dssessmenl vfihe risks of1￿egUlJrIlie$', ny tnaltcr5 we idcnlified haviiig obtaiiied and reviewed the Cliurch's docum¢iiiaiivn ofiheir wiliLiLS aiid ptix¢durLS rvlalin¥ lu.. i ￿¢[¢ awaTC of any insianLCS of nuncurnplianc¢", dciccling and rcswnding lo ihe risks ul-frJud and Whether ihe> have ktli)wl¢J¥¢ ofgn)- ￿¢￿￿1. 5115p¢¢i¢d vr alle¥ped fraud-. Ihc inl¥rndl Lunlruls L'Slclblishcd lo mitigaic ri.%ks of Iraud ar noii-compliancL wilh [a￿S r¢gUE￿ILl}n￿-. Ihc tnallers dibcuSSLTrd among the dudii engdgemeni teatn illcluding significwi compi)ii¢iii audii ILdms *nJ invvlvinB [elL*V￿1 inlenial Sp￿1￿]151s.rc8ardin8 how and where Iraud might occur in lh¢ finan¢ial siai¢m¢nis dnd anv WlLntial indicators uf fraud. As a rLsuli i)I'ihese pr(Kedures, Ive Lonsider¢d Ihe opw)riuiiiii¢s and ini¢niivts thai maj ¢xisi wiihin Ihe orgEilli%El1ivn for fnud. In Com￿￿ll with all dudiib UllEler IUKI. Ke are alsv re4uireJ tv Nrlvrin SPLxifii ptuL¢durLs Iv reypund lo ihe risk or m3ll1c gcment override. We al%0 obiained an under4ianding L)f Ili¢ Icgal ￿ll1 ngulaiury fram¥￿1￿[k5 Ihdl Ihc ChuTLh U￿raIL.5 in. luLu&ing un pro%'isi(>ns of those laiys ￿ld regulatlilliq thth haJ a Jirtii ¥lTeLI vn IhL dLliiminaiivn vf malirial ￿￿lI￿lS and disclu$ures in ihe financial siateinent.£. The kel laws and reBulaiivns w¥ wn5idLrLd iii this ionlL'xl 15 IhL Charities ALI, 20 In ad(lition. w¢ con£id¢r¢d yoi'isicins ofviher Icliys and regulations that dv not haie a dir￿1 etTecl on the financial Siaiements hui ¢¢)iiipliat]ce willi ￿'hICh iK' luiidatnLnlal lu thL' ch￿￿h,5 abiliiy lo operate or lo avuid a material penaliJ.'Ihes¢ iii¢luded ¢ompliattL¥ ￿Eth lh¢ Mulh￿1}5¢ ihurih rulcs rcgiulaliLins. nur prr)¢¢durets tv r¢swnd lu risks idLlltified inLludL'd the lollov¥ing.' le￿an1 lai%5 Jnd ILgulalivn5 dcscribcd as hai Ing a dirLCi efrfecl oli ilie liiiancial sttheiiients.. I'nqiiirinL7 lif tn￿agL.1nb￿1, LhL' Audil & Risk C-.ommiiicc in-housc and eyternal legal counsel c(Trnc¢ming aciu81 anJ w)I¢T)lial perlt>tniingi anal)lical prLKedures to identify any unwsual or u￿¢X￿¢t¢d r¢laiii)n%hips ihat may indiLalL risks or malL'rial missiaicllicnL due iu fraud., readiiig minuies Df Iiicc11ngs of those charyed with go¥¥m4n¢¢ and adiubltneni%.' &%s¢NSlllyTr Ii'li¢ih¢r the juJgpeminlb mddi in ￿￿Ing￿ aLLuunlin&i esiitnaies are indiLJli¥e lif a p()tential bias.. and eV21uaiing the raiii)nal¢ ofany signili¢anl Iran5aitivns Ihal ate unusual or uutside the normal course ofr-operatioiis. W'i alsu Lummunicalc'd rL'lc'iani idLnlifiL'd laii-s and rceLilaiivns and potciitial fraud risks LO all engabyettient tcam m¢mlKrs. and THE PAROCHIAL CHURCH COUNCIL OFTHE ECCLESIASTICAL PARISH OF ST PETER HAROLD WOOD INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THF. TRIISTF,F,S (IF THF. PARI)CHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PETER HAROLD WOOD A liirther dcsLTlPtion ufour rcsFKin3ibililics 15 aTrailablc Ihc Fi[￿ni1￿1 R¢pDrtin¥ C.oun¢il's ￿¢b811¢ ai.. https.'llw￿w.lrC.0r8.llkl audiii)r%re¥pi)nsibiliiie%.-I'hi% desLription furms Lbfour audiior's rLwti. Other rngtters Yuur allcnlion is dra%sn Iv IhL' fd. Ll Ihdl IhL Chdrilv prLrkitLd finiincial 81a1￿ME1)t.% in a¢cnrdJnc¢ %%iili "AiC()unling and RepL)rtiJig by c.h￿11￿eS.. Slaieineiit of Recvnimciided I'rdclicc appliLcibli' lu chariliis prLp4Tin¥ IhLir a¢cnunis iii accordaiicc ￿,]lh Ihi Finaiicial R¢yK)niiig ￿l￿darlI appliLJble In ilie IIK anJ RepuhliL ol. IrL'lwid IFRS 10?)" atllindidl in prilirLrti¢ lu th ALcvuntin¥ and R¥pvrtin¥ b) C'hariti¥%-. Siai¢Incni of R¢¢i)niin¥nd¥d Practlcc 1s%ucd on l April 2(H)5 5shiLh is rL'fL'trcd io in ih exldni regulaiiuns bul hds nviTr bLLn ii'iihdrai%n. This b¢en don¢ in order for th¢ Iingncial $tgt¢m¢nts to provide a tNe and f￿r view in accordancL with lurru￿t Genlrally Aiceplcd ALLuunling PTaLli¢e. Use of our report I'liis rcpon is mcidc solely lo Ilic chiirirv's ITUStccs, as a bDd?. in aLcordan¢¢ ii'iih pari 4 of Ihc Ch4riii¢s (Accounts and Rewn£l RLbulatiatLq 20118 1)ur audit ii'ork lias been uiidertaken 81) IliJl ￿'e niiglil slale ILTr IhL' Lhariiy's Iriislbcb I￿￿5¢ Nial￿r¥ Me dr¢ rcquiTed lu siaic 10 Ih¢m in an audiiorf% rcwjn for no oihcr purp)s¢.'lo the lullest exienl PLrmitied b). La￿-. du nul dLLL'pl Lbr assume respunsibilily iu anyunL uihLr lh￿ IhL Ch￿IlY and Ihc Ch￿ilY'b Irusl¢¢S 4$ 4 tx)J)'. fi)r our audii ii'ork, lor tliis rLPOrt. r lor ¢h¢ opinions ￿'e have formed. Fr¥neis J•mes & P&rtDtrs LLP 29 MdrLh 2023 Chartered AccollntalltS Stlltutory Auditor 1386 1.Lilloion Road Leigh un %ea F.n¥land SS9 211J rancis Jamc5 & I'artners LLP is ¢ligiblL' for apwinimcni as audiior of thc Charl￿. by ￿1￿u¢ of ils ¢ligibilily for Jppoinimenl auiliior i)I'# LOmp￿ll￿ uiider seLtii)n 1212 ul'ilie L'L)mp￿lies.￿lI 2VU6. THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PETER HAROLD WOOD STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2022 IITrn￿trlCttd (uDd$ 21)22 Restricttd (unds Restrieled fuTrds 2021 2022 2022 2021 2021 Notes t5 fro ntotn 622,907 2.274 834 4.197 7,056 629.963 2.274 834 4.197 497.862 4.482 502.3J4 Ini¢stmLiits l>ihcr income 48 4% 3.)81 Total income 7.056 637.268 501.R94 4.482 5n6,376 eTrditure on.. LhèVitthIL dCtii'itlLS 559.667 16.167 575,834 486.243 12,589 498,832 Gross iransfers b¢iiv¢¢n 604 16041 Net incomellexpenditurel for the yearl 70,)45 61.434 16.255 7,544 rund balan¢cs klt l January 2022 263,621 19,M5 283,226 247.366 2¥,316 275,682 Fund b*lak¢es At 31 Dtcember 2022 334,166 10,494 344.66U 263,621 19,605 2¥3,226 'lkne siatemenl uf fin￿CIal activiiies includes &ll gains and losses rectignis¢d in th¢ y¢¥. All inc47rne dnd expenditLire derive from coniiiiuing activities. THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PAIUSH OF ST PETER HAROLD WOOD BAI,ANCF. SHF,ET AS AT 31 DECEMBER 2022 2022 2021 NoteJ Flied 8gsÈts TangTble ￿%￿18 io 100,fx)o i(k),wo Currellt assets Sio¢k8 Debtors Cash at baok and in hand 3,587 16.846 272,711 12 16,567 205352 Crtditors: affjounts fgllittg due Ivithln year 293,144 225.230 15 148,4841 (42,004} Net currtni 855¢ts 244,660 183,226 TotAI 98$tts lu$ etrrrent lillbllities 344,660 283,226 Income funds R¢slricl¢d funds UnrestttcI￿ fu]]d5 10.494 334,166 19,605 263,621 344,660 283,226 The finBncial s￿￿MentS were appToved by the Trustees on 29 Mgrch 2023 Mt M H&rrison Tru#tee Miss APenn Trts5tet 12- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PETER HAROLD WOOD TATF.MENT OF CASH FLOWS F()R THF. YF.AR ENDF.D 31 DECEMBF.R 2022 2022 2021 Nott C"a5h now5 from operatiTrg artivilies C.'asli gciici'aied IroiiVlabSor￿d b).) operations 18 66.525 48 Net Cash generated from investing activities 48 Nei t4.$h v$td IN fiDAll¢lTh8 #tlivitits Net in¢reastlld¢trt#sel ¢H5h ¢A5h eomival¢nt5 67.359 19791 Cash and cash equivalents ai beginniii8 of>¢ar 205.352 14X.676 CA5h cash equivalents al eDd of year 205.152 13- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PETER HAROLD WOOD NOTES TO THE FINANCIAL 8TATEMENT.S FOR THE YEAR ENDED 31 DECEMBER 2022 Actoumtimg polieits Chgrity information Th¢ Parochial Church Cuuncil Of-l-hc Ecclcsiaslical I'arish vf Si l)clcr lI￿ld Wwd is d chariiy. A¢¢ounting efftnvention hc linanLial siaiiTnL'nis Kivc bccn PlTparcd in accordancc with Ihc Charit)-'s goi'crning dvciiminl. IhL Charilic5 ilct 2011. fR.$ 102 'ThL' FinanLidl RL'potiin¥ Siandcird appliLablL in ihc IIK dnd RcpLibliL of Iriliind" I'FRS 102.1 lind th Charili¢s 5(IRP 'IlLLLTrunlingi and Re￿}rtInL Lhdrili¢b-. SidlLm¢nl ul. RLKUTnm¢ndLTrd Pril¢lilL appliudbli lo Lharilies p￿parIng Ihiir athuunts in dLLurdancL with IhL l-'inEinLial Kiporting Sianddrd appliiabli in IhL IIK RLpublii vr Ircland IFRS 1021 (¢tT￿live l Januapj. 2Q191.'Ibc Charity is a Public ljcncfil bnlily as d¥firKxl bj l-'K5 102. Th¥ finwiciJl %i#iim¥ni¥ dip4rtcJ fr()m lh¢ C.hariliLs (Aciounis and R¢pi)rt.£l R¢8ulatii)n% 2Qn8 onlv li) Ili¢ ¥xtini r¢4uireJ ti? prt)vid¢ a Iru¢ dnd lair ii¢VJ.'this has in1iil￿¢d fvllvi¥iii¥ lh¢ SN¢m¢ni of R¢iomiii¢iid¢d Pravtii¢ for ¢hthritlL.% dppI)ing l.'R% 11)2 r4ih¥r thun thL v¢r%ivn ofih¢ Si8i¢m¢ni of R¥Lommcnd¥J Prailicc whiih 1% r¢f¢rr¢d io in th¢ R¢8ulution% but ￿￿1¢h sin¢c b¢¥n ￿,11hdraWn. 'rh¢ linaniijl 8iat¢ni¢nt4 ar¢ pr¢par¢J in 5t¢rling. i¥hi¢h is lh¢ funciional ¢urr¢ncy ol lh¢ Ch8riiy. Monetary gmounis in Ihese financial siatLlliLnts are ri?￿lia¢d to th¢ near¢%l £. The Iinancial slaictllcnls Iiavc ken prcparcd under ilie liisiorical cosi convention. Imodified lo include the rcvaluation ol. acci)uniing kN)I￿LIe.% a(k)pied are %et oui below. 1.2 Going concern Al IhL limi i)f approving lh¢ financial siaiiminis, Ihl Irus1￿'S hai'¢ a reasonable exp¢cuiion Ihai Ihl C.hariiy has r¢sviiiLiS ID ￿?n1]llu¥ in Vpifdiivnal ixiylkllLi IVT IhL fvrL)LLdbli lulutL'. 'Ihus Ihk IiuslLXS Lvniinue Iv dknpi Ihk bJoin¥ wnLLrn basiy (Trf aLLouiiliIigi in prLpdiinL' IhL' fi￿￿1￿1 stdlLmLnlb. Chgritgble lunds I InrL4lri¥lixI lund4 available for use ai Ihe di￿re1]un vf Ihe IrusieLS in (urihtrdnce ofiheir chariiablc obji¢llVLS. R4Etricled lund% are subjeci ia specific conditions hv th)n(>￿ io h(JW they may he uE¢d I"he purposes and use% nl'th¢ restricted ILilI￿. are Eel out iti ilie note% to ihe Iillwiiial sthienieiits Endowtnrnl lund5 arc subjwl Iv 3pLcific Conditions b). dvnvt3 thal Lhc cdpilal tnust ￿- mainldin¢d bi th¢ Chatilv. 1.4 Ineome InLiinii is r￿￿gniS¢￿ ￿-h￿n Il)¥ C'hiiritv is I¢&￿allY ¢niiilLd 10 li aftLr pcrlorn1￿cC ¢ondiii()ns ha%.¢ been mei. lh¢ amvunts b¢ m¢a5ur¢d r¢li%ibly. il IS PTvbdbl¢ Ihat inLome will b¢ rtLeTrved. LLsh d()natioii% ￿e reco￿]Sed on receipi. ()Ilier doiiaiions ￿'e I'ecogiii.£ed oiice ilie Lllaril￿ has been noiilied ol. Ilie donation, unless perform￿1(£ coiidiiians re4uirc deferral ol- the amount Iiiconie tix rccoierable in rclaiion to thnatioii. r¢¢eiied under (illl Aid i)r dcedq nt'coven￿ni is rectsgnised at thc time ol'the donation. Legacies ￿[e recogniscd on rcccipt or Dtherv¥iSL' if thc charl￿ h￿S becn notificd of Jn impcnding disiribulion, IhL' arnuiinl is knowii, and receipt expected. Ifthe Jmouiit i.£ iiDi known. Ihe legacy is treated as a contingeni dssei. 14 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PETER HAROLD WOOD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 AetouTrting policit5 ICoDiittutdl l..$ Fxptrtditur¢ prvbabl¢ ih#i a Iran%fir of icon()miC b¢n¥fii% ￿111 b¢ rcquircd iii Scttlcnieni, and ihc aniuuni i)I' IhL' obligdii()n Lcin ￿. Kliably. F.xr¢iidiiure is cl&8sified IIN activii!. l-he costs ol-each ac1ii.ii￿ are madc lip uf Ihc tvidl ol. JirLIl LO%i% %haT¥J ei)%l%. Ceiitral sialy cusis allucated on Ihc ba515 01. tirnL' sEKnl. and (k'prL¢iaiivn LharÈes arL' alli)Cgted on ihe Frf)rtioii of the assct's USC. TADgible filed assets 'laIi¥ibl. [1x￿ ar¢ iniiiall) m¢&%ured 81 C()51 and subts'e4uenily measured at cusl or valuaiivn, n£1 v( dLpriiiativn a￿j aD> impdirmeni IobS¢S. Ik'prL¢iation is reeognis¢J io wri1¢ oJfih¢ ¢ogÈ or valuation of assets less their residual waliies over Ihcir usL'ful livcs on th¢ (ollowin8 bJs¢s'. I'rcchvld land and buildings noi pmvid¢d 'I'he gain or loss Jrising on ihc disposal of an asscl is dctcrmin¢d as lh¢ dilT¢r¢hcc bL'tweL'n thc salc proceeds and the cDrrying value uf Ihe as5ei. and i.s rewgnistd in IhL Siai¢mcni of financial a¢iii'iiicq. 1.7 Impairme￿1 of filed gssets Al rLpDrlinb5 ¢51d dalL'. lh¥ Charilv r¢viL¥is lh¢ carThin¥ amount% of its tangible a&£eis io deterniine whether there is ny indicdlion that Ihvsi ￿$ll5 >uiTLrLd an iinpairtn¢ni Iiibs. If such indicatioii exists. the r(Kovcrablc amouni of the ￿5¢y i& ¢51iTnai¢d in ord¥r Iv deiLmiine IhL exi¢ni ofih¢ impaimient loss lilanyl- 1.8 Stocks iiTrbk% ￿rL, $14l¢d #i lh¢ It)wer ofcotst anJ ¢s1imgted s¢llin8 price le￿$ ￿1￿￿% io caniplde and sell. Cosl ci)mpri5cs dirccl nidlirials and, whLrL 4ppli¢￿bI¢. JirLKi lth)ur ¢Vil% thD%L over11￿. that have beLlI iiicurred in bringin¥ thi slocks I thcir pr¢sLnl Ivialion W[￿￿11vn. li￿1￿5 hLIJ Ivr Ji5lribuii. Eecoiiies panv lo the coiitraciual provision% ol'ihe instrumeni. l¢gall> ¢nfoKiubl¥ righi In lh¥ ri¢ogni%cd amiiuni.% and Ih¥r¢ 1% an inicniioii 10 8¢111¢ (In J n¢1 b&8is or io reali%¢ ih¢ a￿¢1 and s¢itle lh¢ liabiliiN sjmulianLx)￿Iy. I¥￿16 lin￿￿1￿1 ￿5¢1￿. i%hiih inLlude dLbt()rs diid cJsh and b￿k baI￿lL￿, arL' iniiidlly ￿¥￿UlL￿ al Iransdilivn priLr inLluding Irffjsaciion costs and arL siibscqueiiil). caiTiL'd ai atnortiscd wsl iising IhL c17cLIiNk Inli'iLs1 mLihiTr¢l unluss IhL' arrangLtnenl constituics a finanLing tMisactiOll. V¥liei'e ihe trans￿ctIon is mei1surLTrd al IhL prL'%L'nl V4iluL' of IhL' fiilurL' ieLeipis dIsL￿un1ed al d market rdie ol. iiiieiesl. TrindnLial as%eis Llassilied as reLei%able isiihin vne ),e￿- arL' nvl ￿ortI￿ld. Basil fiiidii¢i#l li4bili11¢b. including cr￿li10r5 bank lottns 4re iniiially r¢io8ni¥¢d ai irJnsaciion price uiiless the drran¥Lm¢ni ivnsiilUl¥s a finaniirtg transailivn. th¢ Jubi insirum¢ni is m¢w£ur¢d ai lh¢ prL*ent value of ihe future amvriis¢d. l)Lbi instruIIlL￿lS are subscqugnilv catricd al atnortised cu51, using IhL etT￿liV6 inl¥res1 raiL m¢ihvd. radL creditors are obligatiulls io pay lor goods or.£crwicLS thai havc bcen acquircd in Ihc ordinaTr- coursc of opKralions fr(Im %upplierE..Qmounis pajahlc are classified a£ ciirrcnt liabilitics if pa>meni is due ￿lIhin onc vcar i?r Icss. Il'nul. IhL' .111￿7claI Iialiiliiie% arL dLreiOLblll%Ld iFhen the Charity S Loniraciual obl1￿1011S expirc or arc dischargcd vr Lanccllcd. .11 RetireMe￿t benefits l)dNmLiils Iv dLIIiiLd Luiilribulivn reiirerneni benelil 5Lh¢rnes drL' Ihar¥¢d LA?￿￿$￿ Ih¢> fall Ju¥. C.riti¢*l #Cro￿￿ting ebtim4tt$ #thd juJ%em¢nt$ In IhL' appliLdli{?n u( IhL Charili s iiLLI)unlin¥ ￿)IllI(,5. IhL' Ini%iLLg aFL Kqiiirth in mgk¢ jiidgemenis. e%timatcs and estinidte& &id ￿5￿CIal<￿ assumpiions based Lin hisiuriLal experienie ￿ld ULhLr that arL ivnsldlTL￿ Iv b relevant. ActiLql results ma) dilJer Irnm thesc estimaies. 'rhe ¢siimaiiS and unJ¢rlyin¥ aSSLJmpiions dre refvi¢￿¢J on i)ii¥i)Iii¥ basi%. Revi¥li)n£ io aicouniiiig esi￿nI￿1eS dre rLYoBnibcd in Ihc PL'riod in FTrhiih IhL' Lyiimalc Ib [l￿1￿L￿ whLrc lh¢ rL%j5j(?n dtrLils 1)nl}- Ihai p¥r1￿1. nr in ihL vf Ihc rL'vi%iun and futurL' ￿rI￿N4% iTrhL'rL' thL rcvi%ion bvih LIIiTL'nT and fiiiiirL PL'ricidb. 16 THE PAROCHIALCHURCH COUNCIL OFTHE ECCLESIASTICAL PARISH OF ST PETER HAROLD WOOD NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2022 Donations 2nd legaeies Restriettd (M￿d$ Total Iln[L,￿l[lUlld funds R¢¥iriilu lunds Toial f￿ndS 2022 2022 2022 2021 2021 Coicndnis & fr¢L Mill trL'ring Ciifl aid Colleciiviis oihc'r donJiiDns l)onations. appcals ¢ic 358,840 94,601 358.84rJ 94,601 337,646 90.735 337,646 90.735 96,966 72.5QO 96.966 79.556 68.859 622 68.859 5,104 7.056 4.482 622.9)7 7,056 629.963 497.X62 4.4¥2 502,344 Othtr tradi￿8 *rtivi¢itS Unyestrieted ljnrestriiied funds I'unds Z022 2021 Salcs v(adN'c'riising. iN)oks cic 2,274 403 Invtstmtnt$ 2022 nterest receivable 834 48 Othey intODJe Unrestricted I,'nresiriLlvd fund% Z022 2021 ()Iher inLnme 4.197 3.58 I THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PETER HAROLD WOOD NOTES TO THE FINANCIAL STATEMENTS (cof4TINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Charitable gctivities C.h%riiable fh¥rit*bl¢ E¥penditure Ex[Tre￿￿11￿Te 2O2Z 2021 %knll'Ma¥es, expenses and running cost Buildii)g mainicnan oilicr funds 255.572 30.502 22.Q114 225.546 23.¥62 12,773 'arish sharL (..h￿r¥h mugg/.in¢ advLrtisin¥ Duiutions gii'en PFK)l¢frpicr rcntal PostagL & stationary 163.407 4)6 7r).o4 7,137 366 54.722 5.683 1,430 4,160 380 4,800 490 chJrg¢ 575.834 498,832 575.834 498,832 Analysi5 by fund Unr¢5Eriil¢d (unds ResiriLied I￿￿$ 55Y.067 486,243 12,589 57i.%34 498.¥32 Trnstees During Ihe y¢ar 8alari¢q of £27.165 121)21 £ 27.1681 V*¢re paid Iv IruslLCS. Tru$tt¢S' txptn5¢5 'I'nisLees expenses ul-£ nil 12021.. £nil I were reinibur.sed during ihe year. Emplo>'ees Th¢ avcragc monihlj numb¢r ofcmployccs duTin¥) the year ￿a$". 2022 Yumber 2021 Nunjbtr THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PETER HAROLD WOOD NOTES TO THE FINANCIAL STATEMF.NTS (COiNTINUED} FOR THE YEAR ENDED 31 DECEMBER 2022 Employees Icontinuedl Employ￿eTrt ¢05ts 2022 2021 Il'dges salaries Sncial securiiy ei)%l% Oihcr pcn5ivn cosis 132,222 5,895 6,In4 10.674 149,422 135,6W 'I"here were no employee% ￿h0.￿e annual remiiiicraiion more than £60,000. io TgDgiblt fixed assets ¢hold laDd byiidi*25 C03t At l January 2022 I￿,000 Ai 31 [kceM￿r 2022 i(J),oov Carrying Amount Ai 31 Lk'LLmk'r 2022 l(N).(K)O At 31 tkcember 2021 100,(K)O Nv dLprcLialion is prvvid¢d in rLspLxI ufdK' ￿'[￿hold Pioptyrty as in lh¢ vpinivn ofihr trusi¢¢s th¢ property is r¢gulgrlv tnainlainLThd lo hi¥h 51andard and is iinlikcly lo fall in Tralue. (hher lixed asseis are expensed as ihej are iniunEd. in dLLorddnLe iTrith ihe gUId￿Le in th¥ ihurih dLLoiinlin¥ regiilaiions Stoeks 2022 2021 'inish¢iJ ¥ivud5 gt)vJs for r¢sal¢ 3,587 Debtors 2022 2021 Amounts fallinE due wiihin olle yt*T'. Other dcbiur5 16.R46 16.567 19- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PETER HAROLD WOOD NOTES TO THE FINANCIALSTATF.MENTS (CONTINIIED) FOR THE YEAR ENDED 31 DECEMBER 2022 13 r*lovemeni im fwthd$ At et Tran5fer5 At De¢embtr January P+lovemeMt 2012 fund5 2022 Unrestriettd Funds 196.535 42,399 13.777 10,(K)O 910 75.034 14.3iOI 13(Mll 15.(M)01 5,WU 266,569 43,1)41) 13.477 10,000 l.oiiB'lerm MailllLlidni¥ l.unJ- BuildinbTS linislrb 'lraining Fund l)lani l.und Ixplvr¢rs 263,621 70.545 334.166 Restricted Funds 254 402 ¥52 314 455 709 282 ¥52 l-.xplDrer christm￿ Dav Lunch Fund "I"￿￿d￿j (li I￿0 Keswick al Flumc 781 621 414 960 15081 WalLhnighi Service C'oneys Doiiativns I'Lbllecled fur I'hird Parties Mercy Fuii Dads &"Foddlcrs Wvrd AIIVL SQ 1,380 6,564 5,74¢) 140 62n 14201 16.5(Al I3,0￿} 2.749 140 620 14041 IvrticultUTC l.on8-l¢rin mainten￿¢¥ Fund- F4uiptninl -l-hursday l.-elloi¥ship Youih A¢tiviliL8 BursaTr 50 916 50 916 486 6110 486 19,605 10.494 lotlll Tr'und5 283,226 61.434 144,660 -20- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PETER HAROLD WOOD NOTES TO THF, FINANCIAL STATEMENTS {CONTINUEDI FnR THE YEAR ENDED 31 DECEMBER 2022 14 fvlo%.eme￿t in fuTrd5 ltttomill% re50urres expensed lunds Ilnrestritted Funds Lniral Funcl '.xplorer I￿n@ Tcmi M4inienan¢¢ fund- Building5 linislry -Iraining F'und 6?¥,¥65 1.347 75,034 14,35VI I3￿) 63U,212 li59,0671 70,545 Restricted Funds rvl¥n's Gryiip F.xplorers C.ARC ABC 2.425 6n 455 14041 14041 683 592 960 70 1,000 666 600 V42ichiiighi %eriice Concy5 t)onaiinns LDlle¢i¢d for Third Parties f¢r¢Y fun 'hursdJ! l.ellowxhip Yi)uih A¢tiviii¢q Bursary 12281 11,38(>1 16,6341 14,WOI .164 14201 16.5641 13.UOOI 4¥6 7,056 Tot41 Fund$ 637,268 157i,8341 61,434 Wiihin ￿nr¢Stri¢led funJs are lh¢ (Ullu￿1nU d¢si¥naicd fuiids-. Long Tcriii majntenE￿ce fund- Buildings liTrislry 'l'raining bund PlanL fund Explorers 43.¢)49 13,477 10,o(M) 1,070 67,596 l5 Creditors.. gmounts falling due V+Ithi￿ ont year 2022 2021 Accruals and d¢ferr¢d incDme 48.4S4 42.(M)4 21 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PETER HAROLD WOOD NOTES TO THE FINANCIAL STATEttrlENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 16 Analysis of net as$ets betw'een lynd$ CITr￿stricted Restricted futtds 2022 RiStri¢t¢d ruli&£ 2021 Tvlal 2022 2022 2021 2021 l.und ba1￿CeS dl 31 DeccmbLr 2022 are I'LpfLsclliL'd h>.. 100.000 2.34.166 100.000 244.66() 100.000 Ioo.I)¢KJ 183,226 10.494 19,605 334.166 10.494 344.660 263.621 19.605 283,226 17 Related party tTllll5aCtions I'hu churuh is assu¢iEii¢d iviih Ihc Ncw Ingrcbounie Irust (Regisiered Charity No. 10427681 b> niewis ol'muiual trusitt b¢ingi I, Mtsrris. urin¥ lh¢ yLdr. Ihcrc was rciil payable to Ihe'lrust o1-£12.000. At tlie year el￿ the b￿l￿1cC du¢ 10 Ifroin lh¢ Irusi was nil. 12021.. £ 2947 due from Ihc Irusil. 18 Ca5b geTherAted fronj operations 2022 2021 urplus for lh¢ year 61,434 7.544 Adjusim¢nis for-. liivesitneiit inLDtne r¢cowis¢J iii si#w'iii¥nt ol'finJthiul #itiwiiiLs 1¥341 Moveniet)Is in working capital.. 12761 12791 6.480 3.819 48,6¥2 (In¢r¢￿￿¢vd¢CrVw in a¢biors IncreJs&ldeLreasel iii crLdiiurs Cash generattd fromllabsorbed byl oyeraiions Anqlysiy o(rhRngeb in n¢t (￿￿d5 "I ￿ Cli￿￿tY rK) dcbL durin¥ thc y¢gr. 66.525 19 22-