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2022-12-31-accounts

Page
Charity
information
Trustees'
Report
Independent
Examiner's		 Report 10
Statement
of Financial		 Activities
Balance Sheet 12
Notes to the Accounts 13-21
Detailed Statement of Financial Activities with Comparatives 22
Page 1
CHARITY INFORMATION
Registered Charity name: The Parochial
Church		 Council ofthe Ecclesiastical Parish ofSt Mary's Leamlngton Pi(ore
Charity reglstratloii no. 1132095
Governing Document: Parochial
Church		 Council Powers Measure (1956) as amended
and Church Representation		 Rules
Registered office 6address for St Mary's Church
correspondence St Mary's Road
Leamlngton
Spa
CV31 1JW
Contact details: Tel 01926778505
Emeg accountsgrstmarysleamlngton. com
Website www. stmarysleamlngton. corn
Members of Parochial Church Councg (PCC)
Vicar Rev BeckyJones In post ag year (Chairperson)
Wardens Vanessa Cooper Re-elected 25/4/2021 (3rd year m ofRce) (Lay Chairperson- standing in for Rev
Jones when requIred)
Peter Ralph Elected 10/4/2022 (1styear In office)
PCC members
Malcolm Coleman Elected 25/4/2021 (Serving to APCM 2024-2nd term)
Elllott Hampson Elected 16/10/2020 (Serving to APCM 2023), Resigned 26/2/23
Steve Eviilis Elected 25/4/2021 (Serving to APCM 2024)
Sarah Davles (Secretary) Elected 10/4/2022 (Serving to APCM 2025)
Cega Whltehouse Elected 10/4/2022 (Serving to APCM 2025)
Mary Brlggs Resigned 10/4/2022 (Having served 2 three year terms)
Independent Examiner Lisa Darby FCA
Stewardship
1 Lamb's Passage
London
EC1Y BAB
Bankers Virgin Money
Jubilee House
Gosforth
Newcastle-upon-Tyne
NE34PL
Bank of Scotland PLC
The Mound
Edinburgh
EH11YZ
Nationwide
Building		 Society
Nationwide
House
Pipers Way
Swmdon
SN38 1NW

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All AII Total Tota
I
Unrestricted Restricted AII All
Funds Funds Funds Funds
Note 2022 2022 2022 2021
E 6 6
FIXED ASSETS
Tangible assets 170,395 145,166 315,561 321,816
170,395 145,166 315,561 321,816
CURRENT ASSETS
Debtors 12 6,821 74 6,895 10,234
Investments 13 246,869 246,869 230,000
Cash at bank and in hand 14 183,225 32,425 215,650 123,653
436,914 32,499 469,414 363,887
CREDITORS: Amounts falling due within one year 15 19,821 403 20,224 11,693
NET CURRENT ASSETS/LIABILTIES 417,093 32,096 449,190 352,194
Total assets less current liabilities 587,489 177,261 764,750 674,010
TOTAL NET ASSETS 587489 177,261 764,750 674,010
FUND BALANCES 17
Unrestricted funds
General funds 380,991 380,991 291,174
Designated funds 206,498 206,498 202,860
587,489 587,489 494,034
Restricted
Funds		 177,261 177,261 179,976
587,489 177,261 764,750 674,010
1 Statutory
Information
The Parochial
Church Coundl of St Marys Church
Leamington
Prlors is a chanty registered
with the Charity
Commission
In England		 snd Wales. The charity's
registered
number
and principal
address csn be found
on the Charity
Information
page.
2. Accounting
Pogclas
These financial
statements
are prepared
on a going concern basis, under the hlstorlcai cost convention
(as modtfied
by the revaluation
of certain as~ate, which
ars measured
at fair value through
the statement
of Financial Activities).
The finandal
statements
include
afl actiwties for which the Pcc is legafly responsible;
the activities of Informal
gatherings
of church members
and groups that owa their main affflistloh to another
body sre excluded.
These financial
statements
have been prepared
in accordance
with The Church
Accounting
Regulations
2006, the 'Statement
of Recommended
Practice
Accounting
and Reporting
by Charities
preparing
their accounts
In accordance
with the Financial
Reporting Standard
appflcable
in		 the
UK snd Repubflc		 of
ireland
(FRS 102l' ( the Chariti ~s SORP ), with the Financial
Reporting
Standard
spp flcable in the united
Kingdom
and Repubflc of		 Ireland (FRS 102 ) and with
the Chahtles
Act 2011. The charity meets the deflr ltlon of a public benefit
entity ss set out in FRS102.
The Charities
(Accounts
and Reports) Regulstlons 2003(the '2003 Regulations')
requires
charities to prepare
their accounts
ln accordance
with 'Accounting		 and
Reporting
by Charities: Statement
ofRecommended
Practica affective from 1 April 2005' but this accounting
standard
has since been withdrawn
end		 has been
replaced
by the Charities
SORP mentioned
in the precedIng
paragraph.
The charity has prepared
these financial
statements
In accordance
with the new
Charities SORP; this departure
from the 2COB Regulations
is believed to be necessary forthese flnandal
statements
to give a 'true		 and fair viswk
The pnncl plea adopted
in the preparation
ofthe financi ~I statements
are set out below.
a) ~o
The PCC have assessed whether
the usa of the going concern basis Is appropriate
and have considered
possible events or conditions that might cast significant
doubt on the abflity of the cherhy to continue as a going concern. Ths PCC have made this assessment
for a period of at least one		 year from the date of
approvai ofthe financial statements.
In particular the PCC have considered
tha charity's forecasts and projections
and the posslbl		 ~ Implications
should
projected Income and / or expenditure
vary unexpectedly.
The PCC have concluded that there
Is a reasonable
expectatlon
that the charity has adequate
resources to continue
to operate for the foreseaabla
future. The charity therefore
continues to adopt tha going concern
basis in preparing
Its financial
statements.
In making
thl» assessment,
the Trustees have
considered
how COVIO-19 might affect projections.
b) ~cme
income
(which include& planned
giving, cogectlons
and other donations)
is recognised
In the period
in which the charity becomes		 entitled to receipt, the
amount
receivable
can be measured
with reasonable
certainty,
snd receipt
Is probable.
For the most part Income is generefly
recognised
when It ls received
by, or on behalf of the PCC. Income ls only deferred
when the charity has to fulfil conditions before becoming entitled
to it or where the donor has		 spedf led
that the income Isto be expended
ln a future period.
Income from donations
and legacies Includes:
i)
Recoverable
gift aid. This is recognised
when the related
donation
is recerved.
Gift aid that has not been recovered
by the balance sheet date is
included
as e debtor
il)
Afl the church
ministry
and project activities
involve participation
and support
from volunteers,
who are part ofthe church
family
Volunteers		 may lead
such actlvltles or actively support a*aff member
The contribution
thatvolunteers
make Is key to our mission.
However,		 In accordance
with		 the SORP,
the value of these services has not been Included
ln these financial statements
as they cannot be reflably mearured,
Iii)
Legacies
Income from legacies is recognised
when
a distribution
Is received from the estate or, If earflar, when the chanty
has been notified		 that a
distribution
will be made and the amount
receivable
can be measured
reflably,
Income from charitable
activities represents
Income receivable
from goods, services and facflitlessupplied
ln furtherance
ofthe		 charity's
charitable		 objects It
includes income from hinng out the church
halls to local community
groups, fees received for weddings/funerals
etc and income		 from other events/courses.
income from other trading activities represents
income receivabl ~ from the renting out of a house that the church owns. Itwas orlglnafly
purchased		 to provide
accommodation
for s curate
and whgst there
Is no curate, It is rented out commerclafly
Investment
Income represents
income generated
by the charity's
assets and indudes
Income from letting the charity
s property		 and bank Interest.
c) ~iture
Expenditure,
indudlng
irrecoverable
VAT, Is recogmsed
when
it is incurred
or, if earlier, when
a legal or constructive
obligation
for ~ payment
arises		 provided
that It is probable
that settlement
witt be required
and the amount
ofthe obflgatlon
can be measured
reliably
Contributions
ln respect of the diocesan parish share are included
In the Statement
of Financial
Activities for ag amounts
agreed		 to being payable for the
fmanciel year.
Any contributions
that have not been paid over by the year end are mduded
as a creditor.
The charity makes grants to other instftutlons
and individuals
to further
its charitable
objectives.
Grants payable are recognised		 as constructtve
obflgstlons
arise, which
is generegy
when the charity expresses a commitment
to the rerdpient
that csn be measured
reliably and then only		 to the extent that any
conditions
assodated
with the grant are outside
of the control ofthe charity.
Expenditure
on raising funds comprises tha costs of engaging
professional
fund-raisers
end the cost of fundralsing
activities.

c) Egfbe~di
a~ra co L(ntud
Governance
costs, which are fncluded
in expenditure
on charitable
activities but are Identified
separately
I~the notes to the accounts, Includes		 costs
associated
with the independent
examination
ofthe financial statements,
compliance
with constitutional
and statutory
requirements
and any		 other
expenditure
Incurred
on the strategic management
ofthe charity.
d) Funde
General funds are unrestricted
funds which ere svsilabla
for use at the discretion
ofthe PCC In furtherance
ofthe general ob)ectlves ofthe charity.		 Designated
funds comprise unrestricted
funds that have been set aside
by the PCC for particular
purposes.
Restricted funds are donations
which are to be used		 In
accordance with specific restrictions
imposed
by donors; they include donations
received from appeals for specNc activities or pro/acts.
e) TED~lxrtff~e
Consecrated
and b«neflced
property
ls not included
In these financial
statements
by virtue of s 10(2)ofthe Charities Act 2011. All expenditure		 on consecrated
or beneficed
buildings
Is written
off in the year ln which
It is incurred.
Movable
church furnishings
held
by the Incumbent
and Churchwardens
on special trust for the PCC and which require
a faculty for dispose) are capita)ised		 In
accordance
with the policy set out below. These items ara regarded
as InsllenaNe
property
and are listed
in the church's
Inventory
which csn		 be inspected at
any reasonable
time. Inagenable
property
acquired
prior to 2000 has not been capltagsed
as there Is insufficient
cost Information
available,
Items purchased
or donated
for the charity's
own use are capita)Ised
when the cost of purchased
Items, or the fair value of donated
Items, Is more than E10CO
and the item Is expected to benefit the charity over more than one accounting
period.
Depreciation
is charged
on a straight
line basis so seto		 writs down the
value of each asset to Its estimsrted
residual
value (Ifany) over Its expected
useful economic Rfe. To achieve this ob(ective the following
rates		 of depreciation
are charged;
Freehold
land
le not depreciated
(because Itis not consumed
by use)
Freehold
bulldmgs
Over 50years after taking account of the building's
residual
value
Equipment
Over 3to 7years
The carrying
values oftangible
fixed assets are reviewed
for impairment
ln periods when events or changes
in drcumstances
indicate that the		 carrymg value
may not be recoverable.
f) ~in
t
Fixed asset Investments
are held to generate
Income and / or for their investment
potential.
Current asset Investments
ara investments
that		 are held
specifically for sale or are investments
that the charity can easily convert to cash as the need arises and are expected to be held for the short		 term.
Investments,
other than social Investments
(sae below), are valued
as follows:
I)
Listed Investments
ara valued et their market value (fair value) at the balance sheet date.
II)
Ungsted
Investments
are measured
at cost less impairment
where
it becomes apparent
that the amount
that could be realised
Is less than cost.
AR gams and losses on Investment
assets are included
In the Statement
of Financial
Activities
under the heading 'Net gains/(lossesion
investments
~tea
ass ts
Leases/fmance
agreements
for assets that transfer to the charity substantially
og the rtsks and rewards of ownership
are classiged
as finance		 leases. Assets
under finance leases are recognised
as assets ofthe charity at the Inception ofthe lease at their fair value or, If lower, at the present value ofthe minimum
lease payments.
The correspondmg
Rablgty to the lessor is included
In the balance sheet as a finance lease obligation.
Lease payments
ars apportioned
between
a finance
expanse
and s reduction
ofthe lease obligation
so as to achieve a constant
rate of Interest
on the Rabillty,
Leases/finance
agreements
which do not transfer substantmgv
all the risks snd rewards
of ownership
to the charity are dassifled
as operating		 leases.
Operating
lease payments
are recognised
as an expense on a straight-line
basis over the lease term (unless another
systematic
basis Is more		 representative of
The charity contributes
to the Church of England's
Church Workers
Pension
Fund, which
Is a multi-employer
defined
benefits pension
scheme		 as described In
Section 28of FRS102. The charity
is not able to identify
its share ofthe Scheme's assets and liabilities
snd therefore,
as permitted
by FRS 102, the		 scheme is
accounted for as lf Itwere a defined
«ontributlon
pension scheme. Contnbutlons
tothe scheme are charged to the Statement
of Financial
Activities		 as they
become payable.
Further Information
about the scheme
is disclosed
In note 15 "Pension Commitments".
I) ~t
The charity has taken advantage
of the various regefs fram taxatlon
avegabie to chantles snd no tax Is payable
on the charity's
income.
The charity's
financial
assets end financial
liebgitles all qualify as basic flnanwal
Instruments,
as defined
by FRE102. Except for loans, creditors
and		 debtors are
measured
at their expected settlement
value (normagy
the amount of cash that the chartty expects to pay or receive).
The charity recognlses
llabllitles for		 the
prinopal
ofthose loans that remains
outstandmg
at the year end (i.e.the liabilities exclude any Interest chargeable
on the loans In future years).
k) f
e
arl
a cashflo
sta
The charity has taken advantage
of an exemption
conferred
by the Charfdes
SORp and has not prepared
a cash flow statement.

ncome from Donations
and Legacies
Unrestricted Restrleted Total Unrastdcted Restricted Total
Funds Funds 2022 Funds Funds 2021
5 6 E E 6 E
Donations ofcash and slmSar 119,882 5,595 125,477 129,9SS 10,692 140,677
Legacies receivable 150,119 0 150,119 100,714 0 100,714
Income tax recoverable 25,911 873 26,783 28,107 966 29,073
295,912 6,468 302,380 258,306 11,658 270,464
A further sum of6593wes received from the legacy, that paid out its first sum received was I~ 2019.FoSowing the passing ofanother
tong		 standing
church
member,
a second significant		 legacy has bean received
In the year. There were		 no re*dctlons placed on the funds.
Income from Chsrltabl
~ Activities
Centre Income 16,406 0 16,406 12,081 0 12,081
Church fees 316 0 316 249 0 249
Grants
in support ofministry		 activities
0		 23,126 23,126 0 22,250 22,250
Courses activities and other misc Income
3,036		 0 3,036 1,152 330 1,482
19,758 23,126 42,884 13,482 22,580 36,062

Page 17
Staff8 Trustees - analysis afstaff costs end trustee remuneration and expenses
2021
Staff costs during the year amounted to;
Gnvs Salaries 65,129 70,922
5oclal Security costs (after offset of employers agowancsl 1,013 1,520
Pains(sit Costs 2,927 3,431
Average number
of staff during the		 year 4
Full tfme equivalent 3.0

Tangible
Fixed Assets
Chwch Church Total
Centre House Equipment 2022
Cost E 6
Al 31/12/2021 294,420 17D,212 11,455 476,087
Disposals 0 0 0 0
Additions
At 31/12/2022 254,420 170,212 11,455 476,087
Accumulated
Depreciation
At 31/12/2021 143,365 0 10,906 154,271
Charge forths year 5,888 0 366 6,254
At 31/12/2022 149,253 0 11,272 160,525
At. 31/12/2022 145,166 170,2'12 183 315,561
At 31/12/2021 151,054 170,212 549 321,815
12 Debtors
Unrestricted Rsstdcted Total Unrestricted Restrbtsd Total
Funds Fundls 2022 Fuixis Funds 2021
5 E 6 E 6 E
Faglng dua within one year:
Tsx recoverable 2,567 74 2,641 3,971 213 4,185
Other Debtors 972 0 972 1,910 685 2,597
Prepsyrnsnts 3,282 0 3,282 3,453 0 3,453
6,821 74 6,695 9,333 898 10,233
13 Current Asset Investmsnts
Managed
deposit fund
Cost or fair value brought forward 230,0CO 230,0CO 0 0
Purchases
during the year		 75,000 75,000 230,000 230,000
Disposal s during the year 30/IQO 30,000 0 0
Change
in value ofinvsstments		 (28,131l (28,131j 0 0
Cost or fsfr value carried forward 246,869 0 246,869 230,000 0 230 COO

Page 19
Funds
2022 2022 2022 2022 2022
Opahlhg Incom lrig Outgohig Tmnsfem Closing
2022 balance rasoumes resources in the year balance
E 8 5 5 6
Unrestricted
GeneraiFund 291,174 332,461 184,212 l58,432) 380,991
Designated
youth 0 1,250 12,866 11,616 0
Children 8 Families 0 125 16,942 16,817 0
Outlook 1,249 2,209 2,526 (180) 752
TLC Plus 450 288 355 (180) 203
Church House 170,212 0 0 0 170,212
Tithe Fund 30,614 0 20,925 25,057 34,746
Community Fund 334 0 0 250 584
Total 202,860 3,872 53,613 53,380 206,498
Restricted
Bugdmg Fund 151,054 0 5,888 0 145,166
Building Grant 3,420 300 0 0 3,720
Pathway 0 1,938 3,090 1,152 0
Isaiah 61 1,077 0 0 0 1,077
CAP/Financial Freedom b and c 24,425 27,357 28,384 3,900 27,298
External Donations 0 0 0 D 0
Total 179,976 29,594 37,362 S,D52 177,261
Aggregate
offunds		 674,010 365,926 275,187 0 764,750
Desigmited Rastrktad
Genera)Fund Funds Fulids Total 2022
6 3
Tangible fixed assets 183 170,212 145,166 315,561
Debtors 6,664 157 74 6,895
Current Asset investments 246,368 0 0 246,868
Cash at bank and In hand 143,326 39,901 32,II24 215,650
Creditors fai0ng due In one year l16,050) (3,772) (403) (20224)
380991 206 498 177261 764750

In the previous year, year, the movements the movements In the chanty's funds were as follows:
2021 2021 2021 2021 2021
Opening Incoming Outgoing Tansfera Closing
2021 btrlenca resources resoUrces hl the yea I' balance
E E E E E
Unrestrtcted
GeneralFund 216,821 285,636 148,220 (63,063l 291,174
Designated
Youth 0 0 10,058 10,058 0
Children & Famihes 0 165 8,495 8,330 0
Outlook 1,293 324 368 0 1,249
TEC Plus 501 53 103 0 450
Church House 170,211 0 0 0 170,212
Tithe Fund 28,529 0 19,980 22,065 30,614
Community Fund 135 0 300 500 335
Tote I 200,669 542 39,304 40,953 202,860
Restricted
Building Fund 156,942 0 5,888 0 151,054
Building Grant 3,120 3CO 0 0 3,420
pathwav D 2,871 21,331 18,459 0
Isaiah 61 1,047 0 (31j 0 1,077
CAP/Financial Freedom bande 19,749 30,818 29,791 3,65D 24,425
External Donations 0 250 0 0
Total 180,358 34,238 57,230 22,109 179,976
Aggregate
offunds		 598,348 320,416 244,754 0 674,010
Analysts of nat assets by fund
The assets and BabBIties ofthe various funds were as follows:
Designated Restrkted
Genera(Fund FUncbl FUllds Total 2021
Tangible fixed assets 550 170,212 151,054 321,816
Debtors 9,155 180 899 10,234
Current Asset investments 230,000 0 0 230,000
Cash at bank and in hand 61,241 33,078 29,334 123,653
Creditors
falgng due In one		 year (9,772( (610( (1,311( (1'1,693)
291174 202 860 179976 67I010
Page 21 Page 21
Descrlptloii
of Rlistrffted funds
Building Fund Includes the asset values of the church centre and youth office and Income for maintenance offabric ofthe
church and church centre
BuBdlng Grant Previously used for building grants, lt no longer holds any grant income but reflects income from donors for
building
purposes,
Pat)sway A mentorlng programme designed to help those with drug/alcohol/offending behaviour or other Instabilities In
their lives to become more stable. Two mentors are engaged for each person on the programme.
isaiah 61 'Community Support Severe) other ministry
proJects that help people		 In our community fit
under this banner.
Pro)acts'
CAP/F)nancl
~ I Freedom		 A proJect helping those
In serious		 financial
difficulties. St		 Mary's hosts a "Christians Against Poverty' centre
supported by 4 partner
churches		 - St Mark's Church, Myton Church, St Paula Church (ag in Leamlngton)
and		 Castle
HRI Baptist (In Warwick), who make grants to the centre annually.
External Donations Donations received for forwarding onto other charitable causes.
19 Operating
Lease		 Commitments
The charity has an operating lease for photocopier.
Ths		 minimum amount payabl ~ in respect ofthis lease Is as follows:
2022 2021
Payments
I'aging		 duei'
Within one year 1,673 1,673
Between one and five years 4,555 6,22B
After five years 0 0
6 228 7901
During the year tha charity was charged E1673 for Its opemtlng lease (2021i'E1 339- covering the end ofone lease and the start of a new one).

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