St. Margaret's Church, Horsforth
Registered Chanty Number 1132085
¥J4.
Accounts
for the Year Ended
31 St December
2022

St. Margarevs Church, Horsforth
Registeied Charity Number 1132085
Financial Ststements for the Year Ended 31st December 2022
STATEMENT OF FINANCIAL ACTIVITIES
2021
Notes
Unrestricted Restricted Endow.
Funds
Funds
ments
2021
Incoming Resources
Voluntary income
Church activitÈes
Acb'vilies for generatirpJ fury
Investment income
Total Incoming Resources
96,300
57.439
25,524
1,672
180,935
69,195
5,360
42,086
1,155
117,795
41,966
17,076
111,161
a436
42,086
1,155
176,838
59,042
Resources Expended
161,148
Church athvitses
95.681 Church njnning costs
5,825
Parish Centre costs
Costs ol generab'ng *J[￿S
Total Resources Expended
117,528
36,103
8,025
20
161,675
21,158
37,472
138,684
73,575
8,025
20
220,303
262,654
58,628
(81, 719J
Nel movement in funds
{43,880)
414
143,466}
464,255
382,536
Bala￿eS bToughl forward (￿ 1 January
Balances carr*d fopKard on 31 D￿ember
363,891
320,011
18,310
18,724
335
335
381536
339,070
Page 1

St. Margaret's Church. Horsforth
Registered Charity Number 1132085
Financial Statements for the Year Ended 31st December 2022
BALANCE SHEET AT 31 DECEMBER 2022
Total 2021
Unrgstrictwj Restricted Endow.
Funds £
Funds £ ments £
2022
TANGIBLE FIXED ASSETS
73.900 Church equipment
73,900
65.9)2
65,SY)2
65,902
65,902
CURRENT ASSETS
Cash at Bank and in Hand
79,688 Barclays Bank Community axjyjnl IGenera]
81.504 CBF general act))unl
49.570 Yorkshire Bank (xjirenl axx)unl
7,545 Loan as guarantor
81,564 United Trust Bank
534 Flower FuNd
120 Cash & cheques in hand
294.525
10
81.504
75,328
1,545
82.176
10
81,504
1(K>,761
1,545
82,178
534
120
265,650
24,098
335
2.2
534
23
240,683
21632
Debtors
Grft Aid repayments due ffom HMRC
3.899 Parish Centre lelty.ng fees due
9,228 VAT refund due re repair5
1.635 Church events & ￿tt1ft9 fees due
14.762
6,983
1,598
6,118
275
14,974
1,598
6,118
275
14,974
Current Liabilities
PAYE and pensDn
30 Creditor re parish (*ntre ￿tkngs
100 Flower Fund receipts for 2022
521 CIAlectiolls fot charilies
651
1.548
1,548
2.4
5.WJ8
5,908
5,908
7,456
Total Liabilities
308.636
NET CURREKf ASSETS
254,109
18,724
335
273,168
382,536
TOTAL ASs￿s
320,011
18,724
335
339,070
Approved by the Parochial Church Council on and Signed on its behalf by..
Rev. Nigd &nclair
Rector
D Keffty
Fk)n Treasurer
Page 2

Margaret's Church. Horsforth
Financial Statements for the Year Ended 31st December 2022
INCOMING RESOURCES 2022
Unrestrided Restiicted
Funds
Funds
2021
Total 2022
Voluntary Incon
Gift ￿ving
Other [Aaft￿J giving
OFW FAate u)lled￿S
DonalMYlS. 9[￿ts &
recg)¥ered
50,982
2.931
1,801
31,951
8,635
96.3
41,
5.135
6,5g)
7.6(K)
8,141
69.195
41,729
5,135
6,590
49,566
8,141
111,161
3.1
41,966
41,966
Church Activiiie5
Fees for weddings and ful￿￿5
Insurw(* thms
5,360
5,457
51,729
254
57,439
HCAPIC(mmunty (aféTrlCA
F￿r fijnd
17,076
17,076
17,078
22,436
5.360
Activities for Generating Funds
Lethng fees from Parish Cenlre
Events and (xincerts in church
Ott)ef fundraising ￿￿￿"*"e$
&Jndry In(￿e
19.177
6,347
33,204
8,881
33,204
8,881
25,524
42.Q86
42,086
Investment Income
Interest & dividends
1,672
1,672
1.155
1,155
1,155
1,155
176,838
180,935
Totsl Incoming Resources
117,795
59,042
Page 3

St. Margaret's Church, Horsforth
Registered ChJty NtHnber 1132085
Financial Statements for the Year Ended 31st December 2022
RESOURCES EXPENDED 2022
2021
Unresiricted Re5trided
Funds
Funds
2022
Church Activtiie5
Parish share ofdicman (xtsts
Team Counal & other dues
Fees paid lor wed(tir¥5 WMI fijneras
Serww & pastoral
MUSK, thoir & org￿￿%1
offi￿ & &In￿nistra￿)n
PhotOc4)￿ng & trfinbng
Grants & (k)nabons ffl
B￿k charges
Events & (x>ncerts ni church
Communty CaféIHCAP￿CA
£98,976.00
1,935
1,200
4,260
2.185
5,592
1CQ.095
1.978
1.781
1,342
3.328
9,455
1.319
1ffi.095
1,978
1,781
1,342
3,328
9,455
1.319
3,929
93
822
17,227
2.652
43
440
42,421
239
£161,147.00
3,929
822
17,227
117.528
21,156
138,684
Church Running Costs
10,144
4,832
191
5,278
542
9,626
2,654
187
4.030
564
2,687
9,626
2,654
187
4,030
564
2.687
5,380
1,885
757
37,472
8.333
Elcctriaty
Water
Insuran
Storage garage ren
General rn&nlen
Caretsking & deaniTrg
Building & rdaled *ork
Equipment & irnprownents
(hgan luning & repairs
DeFryiab"on of thurth ewpmenl
Sundry payrnents
1,739
46.440
12,632
1,885
757
37,472
9,337
8,333
95,681
36,103
37,472
73,575
Parish Centre Costs
Heating, rnwntenan￿ & adrninsstrabon
Etwipmenl & improvements
5,825
7.989
36
8,025
7,989
5,825
B,025
Costs of Generating Funds
Obkrfvn(krai%ng eventtosts
20
20
20
262.652
Total Resources Expended
161,675
58,628
220.303
Page 4

St. Margaret's Church, Horsforth
Registered Charity number 1132085
Notes to the Annual Accounts 2022
1. ACCOUNTING POLICIES
Basis of Financial Statements
The financial statements have been prepared under the Charities Act 2011 and in accordance with
the Church Accounting Regulations 2006, in accordance with applicable accounting standards and
the 2016 version of the Statement of Recommended Practi￿, Accounting and Reporting by Charities
ISORPIFRS102))
The financial statements have been prepared under the historical cost convention. The statements
include all transactions, assets and liabilrties for which the PCC is responsible in law. They do not
include the accounts of church groups that owe their affiliation to another body, nor those that are
informal gatherings of church members.
Fund Accounting
Unrestricted funds are income funds which can be spent on the general purposes of the PCC.
Restricted funds comprise la} income from endovrnents which is to be expended only on the
restricted purposes intended by the donor and (b} revenue donations or grants for a specific PCC
activity intended by Ihe donor. Where these funds have unspent balan￿$, interesl on their pooled
investment is apportioned to the individual funds on an average balan￿ basis.
De&gnated funds are general funds set aside by the PCC for use in the future for specific projects
or purposes. They remain unrestricted and the PCC may move any surplus to other general funds.
Endowment funds are funds of which the capital musl be retained either permanently or at the PCC'S
discretion. The income derived from the endowment is to be used either as restricted or unrestricted
income funds, depending on the purpose for which the endowment was established in the firsi pla￿.
Incoming Resources
Planned giving, collections and similar donations are recorded when received. Tax refunds are
recognised when the incoming resource to which they relate is recetved. Grants and legacies are
accounted for when the PCC is entitled to the use of the resources, their ultimate re￿Ipt is
reasonably ￿rtain and the amounts due are readily quantifiable. Dividends are accounted for when
declared receivable, interest as and when accrued by the payer. All incoming reSoUr￿S are
accounted for gross.
Resources Expended
Grants and donations by the PCC are accounted for when paid over or when awarded, if that award
creates a binding or constructive obligation on the PCC. The diocesan parish share expected to be
paid over is accounted for when due_ All other expenditure is generally recognised when ¢t is incurred
and is accounted for gross.
Page 5

St. Margaret's Church. Horsforth
Registered Charty number 1132085
Notes to the Annual Accounts 2022
Fixed Assets
Consecrated and benefice property is not induded in the accounts. in accordance with sections
10(2)(al and (c) of the Charities Act 2011.
Movable church furnishings that are held by the vicar and churchwardens on special trusl for the
PCC and which require a faculty for disposal are inalienable property. A register is currently being
compiled of the church's inventory.
This is the eighth year that the church equipment has been depreciated. A rate of 200k oflhe reducing
balance has been adopted.
2. NOTES ON THE BALANCE SHEET
2.1 Church equipment is valued after depreciation, as shown in Section 8 below.
2.2 St. Margaret's loaned a retumable deposit as guarantor for a rented house.
2.3 Petty cash float £120.
2.4 Charity collections owed include £521 to Artisan International_
3. INCOMING RESOURCES
3.1 Donations received indude an anonymous gfft from a parishioner of £6,¢)00 as well as a grant
of £25,000 from the Howard family in respect of the Organ Repair Fund.
3.2 HCAP received funding of £7,500 to enable rt to ttjntinue providing support to those affected by
the aftermath of the Covid Pandemic.
Income from the Communty Café is stated after deducting expenses for use of the Parish
Centre.
During the year the Horsforth Climate Adion group was set up with the PCC providing
administration support. £1230.88 was received as a grant to fund group activtties and £5177.50
to cover the support worke¢s salary and associated costs.
Page 6

St. Margaret's Church, Horsforth
Registered Chanty nUM￿r 1132085
Notes to the Annual Accounts 2022
4. RESOURCES EXPENDED
Grants and Donations - given the continuing financial uncertainty the decision was taken to
defer making any grants or donalions until the following financial year_ However, support has
been provided tolhe local communty by allowing local voluntary groups to use the Parish Centre
and Church buildings free of charge as well as use of the buiklings as Warm Spaces.
In addition, our partnership with Horsforth Communty Cafe enabled the following donations: _
Food Revival (formerly The Real Junk Food Project)
£1,500
Horsforth Community Garden
£500
Total
Money raised for restricted purposes through funeral collections, raffles and special appeals is not
included in these accounts.
staff Costs are included in the accounts as parts of the relevant major costs. We employed eight
part-time staff duiing the course of the year. an organist, two church administrators, one church
caretaker. a Parish Centre deaner and a support worker for HCA. The total employment costs for
the year were £14,848.
Payments to members of the Parochial Church Council
No members of the PCC received any remuneration in the year to 31 December 2022.
RESTRICTED FUNDS
, 31 Dec 2021
£350
£430
£735
Fund Title
Lad Cha
l Gates Fund
Flower Fund
Parishioner rental fund
31 Dec 2022
£350
£534
£735
£1,619
Total
Due to the sad death of the treasurer of the Flower Fund Treasurer, records are not available
for the Flower Fund for the year to 31 December 2022.
Page 7

St. Margaret's Church, Horsforth
Registered Charity numtEr 1132085
Notes to the Annual Accounts 2022
6. ENDOWMENT FUNDS
31 Dec 2021
Fund Title
The Bells Fund. the HH Newton Fund.
the H Hutchinson Memorial Fund and
the H Cla
on Memorial Fund
31 Dec 2022
£335
£335
7. DESIGNATED FUNDS
Unrestricted funds set aside in 2016 by the Parochial Church Council for specific purposes:
31 December
Fund Title
January
1 January
Utilised in
2016
2021
the year
2022
£200,000
£168,652
(£9,228)
£177,880
£100.000
£ 87,948
£639
£ 87,309
£100,000
£ 50,860
{£1.960)
£ 52,820
£400,000
£307,460
£10,549
£318,009
Building Fund
Outreach and Mission Fund
Long Temi Reserve
Total designated reserve funds
Addition to Building Fund is VAT reclaimed on the new kitchen in church. Addition to Long Tem
Reserve is the feed in tsriff re￿iVed in resr*d of the ground Sour￿ heating in the Parish Centre.
9. FIXED ASSETS
Tangible Fixed Assets (Unrestricted)
Depreciation of church equipment is charged at 2011k of the net book value at the start of the year
and additions during the year_ The ground source heating for the Parish Centre will be depreciated
over 20 years.
Ground Source
Heating
Church Equipment
Total
Cost
At 1 January 2021
Additions during the year
31 December 2022
49,243
147,731
335
148,066
196,974
49,243
197_309
Depreciation
At 1 January 2021
Charge for the year
3.025
2.790
120.049
5.543
123,074
8,333
Total to 31 December 2022
5,815
125.592
131,407
Net Book Value
At 31 De￿rnber 2022
43.428
22,474
65,902
At 31 December 2021
46,218
27,682
73, 900
Page 8

St. Margaret's Church. Horsforth
Registered Charty number 1132085
Notes to the Annual Accounts 2022
10. RESERVES
The policy of the Parochial ChurGh Council is to attempt to maintain a reserve of unrestricted funds
equivalent to six months, nomial expenditure, in order to smooth out fluctuations in cash flow and lo
meet emergencies. At the end of 2022. the unrestncted funds available provided a ieserve well in
excess of the taiget.
Page 9