## **Parish of Moseley, 2022 Accounts** |**Statement of Financial Activities**
**Note**
**Income and Endowments from:**
**Donations**
2
**Charitable activities**
2
**Other trading activities**
2
**Investments**
2
**Total**
**Expenditure on:**
**Raising funds**
3
**Charitable activities**
3
**Total**
**Net income/(expenditure) before**
**investment gains**
**Net gains on investments**
6
**Net income**
**Transfers between funds**
9
**Net movement in funds**
**Total funds at 1st January**
**Total funds at 31st December**
9|**Unrestricted**
**Unrestricted**
**General**
**Designated**
**Restricted**
**Endowment**
**Funds**
**Funds**
**Funds**
**Funds**
**2022**
**2021**
**Variance**
**£**
**£**
**£**
**£**
**£**
**£**
78,861 - 1,000
-**79,861 177,817 (97,956)**
4,189 - 6,349
-**10,538 8,004**
**2,534**
1,077-
-
-**1,077 16,485 (15,408)**
112,365 16,637 2,182
-**131,183 137,546 (6,363)**
196,492 16,637 9,531
-**222,660 339,853 (117,193)**
- -
-
-**- -**
320,665 10,191
5,729
-**336,585 259,131 77,454**
320,665 10,191 5,729
-**336,585 259,131 77,454**
(124,173) 6,446 3,802
-**(113,925) 80,722 (194,647)**
- (248,085) (1,040)
(5,320)
**(254,446)**
**298,737 (553,183)**
(124,173) (241,640)
2,762 (5,320)
**(368,371)**
**379,459 (747,830)**
(75,749)
75,749
-
-**- -**
(199,922) (165,890) 2,762 (5,320)
**(368,371)**
**379,459 (747,830)**
271,242
2,896,570 118,083 45,197
**3,331,092 2,951,633 379,459**
**71,320 2,730,680 120,845 39,877**
**2,962,721 3,331,092 (368,371)**
**TOTAL FUNDS**| |---|---| ## **Parish of Moseley, 2022 Accounts** |**Balance Sheet at 31st December 2022**
**Note**
**Fixed Assets:**
Tangible - Investment
5
Tangible - Operational
5
IT
Plant and Equipment
5
Investments
6
**Current Assets:**
Debtors
7
Short term deposits
Cash at bank and in hand
**Current Liabilities**
Creditors
8
**Net Current Assets**
**Total Net Assets**
**Represented by parish funds:**
9
Unrestricted – general
Unrestricted – designated
Restricted
Endowment|**2022**
**2021**
**£**
**£**
**720,000 720,000**
**80,000 80,000**
**- -**
**9,738**
**-**
**2,082,331 2,336,777**
**2,892,069 3,136,777**
**22,263 26,398**
**131 130**
**84,515 186,346**
**106,909 212,874**
**36,257 18,559**
**70,653 194,315**
**2,962,721 3,331,092**
**71,320 271,242**
**2,730,680 2,896,570**
**120,845 118,083**
**39,877 45,197**
**2,962,721 3,331,092**| |---|---| The notes of pages 6 to 11 form part of these financial statements. The financial statements were approved by the PCC on 20th March 2023 and signed on its behalf by: **XXX** ## **1. Principal Accounting Policies** ## **Basis of accounting** The financial statements have been prepared under the Church Accounting Regulations 2006 in accordance with the current Statement of Recommended Practice, Accounting and Reporting by Charities and applicable accounting standard FRS102. The financial statements have been prepared under the historical cost convention except for investment assets, which are included at fair valuation. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members. Following transition to FRS102 for the first time, all the accounting policies have been aligned with the new accounting standard and where these have resulted in a material change to the amounts, classification or presentation within the financial statements as at the date of transition then a transitional adjustment has been made. The principal accounting policies and estimation techniques are as follows: ## **Funds** Funds over which the PCC’s control is limited by statue or the terms of a trust deed, or which are restricted in their use have been defined as “restricted funds”. Funds which are controlled by the PCC and over which there are essentially no restrictions as to their use have been defined as “unrestricted funds”. Designated funds are unrestricted funds that have been set aside by the PCC for purposes designated by PCC policy. Such designations may be set aside from time to time according to policy decisions. _Endowment Funds_ are funds, the capital of which must 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 upon the purpose for which the endowment was established in the first place. _Restricted Funds_ comprise (a) income from endowments 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 the donor. _Unrestricted Funds_ are income funds which are to be spent on the PCC’s general purposes. _Designated funds_ are general funds set aside by the PCC for use in the future. Designated funds remain unrestricted and the PCC will move any surplus to other general funds. ## **Income** All income is included in the Statement of Financial Activities when the PCC is legally entitled to them as income or capital respectively, ultimate receipt is probable and the amount to be recognized can be quantified with reasonable accuracy. Planned giving, collections and similar donations are recognised when received. Tax refunds are recognised when the income to which they relate is received. Grants received which are subject to pre conditions for entitlements or use specified by the donor which have not been met at the yearend are included in creditors to be carried forward to the following year. Dividends and rents are accounted for when declared receivable, interest as and when accrued by the payer. All income is accounted for gross. ## **Expenditure** Liabilities are recognized as soon as there is a legal or constructive obligation committing the PCC to pay out resources. Expenditure is included on an accruals basis under the following headings; all costs are allocated under a specific category: _Costs of raising funds_ These are the costs associated with the PCC’s fundraising activities. _Charitable expenditure_ Charitable expenditure is analysed between ministry and mission expenditure. Ministry expenditure includes the direct costs of running the church such as the diocesan parish share, church building and service costs. The diocesan parish share expected to be paid over is accounted for when due. Mission expenditure includes mission giving and donations, outreach in the community activities, children's work cost and associated staff costs. Support costs consist of central management, administration and governance. These are costs which are directly attributable to a specific charitable activity. Grants and donations are accounted for when paid over or when awarded. Expenditure is accounted for gross. ## **Tangible fixed assets and depreciation** Movable church furnishings held by the vicar and churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the church’s inventory, which can be inspected (at any reasonable time). There is insufficient cost information available and therefore such assets are not valued in the financial statements. So all such expenditure has been written off when incurred. The properties the PCC owns comprise of 25, 25A, 25B, 27, 29 & 31, 31A & 31B St Mary's Row. During 2015 in line with the revised Charities accounting requirements (FRS 102) properties have been split Investment and Operation on the Balance Sheet. Investment Properties were revalued by Fishers Property & Lettings Management in September 2015. This valuation is reflected in the Balance Sheet. Operational Properties were not revalued in 2022. Depreciation is not provided on these properties as any provision (annual or cumulative) would not be material, due to the very long expected remaining useful life and because it’s expected residual value is not materially less than its carrying value. The PCC has a policy of regular structural inspection, repair and maintenance and the property is unlikely to deteriorate or suffer from obsolesce. Equipment used within the church premises is depreciated on a straight-line basis over four years. Individual items of equipment with a purchase price of £1,000 or less are written off when the asset is acquired. There are no such assets at this time. ## **Financial instruments** The PCC has elected to apply the provision of Section 11 “Basic Financial Instruments” and Section 12 “Other Financial Instruments” of FRS102 in full to all of its financial instruments. Debtors which are receivable within 1 year and which do not constitute a financing transaction are initially measured at the transaction price. Debtors are subsequently measure at amortised cost being the transaction price less any amounts settled and any impairment losses. Creditor’s payable within 1 year and which do not constitute a financing transaction are initially measured at the transaction price. Creditors are subsequently measure at amortised cost being the transaction price less any amounts settled. |**2. Income**
**Donations**
Free Will Offering (Inc Gift Aid)
Legacies and Donations
**Charitable Activities**
Christmas Day Together
Music
Choristers' Fund
Organ
Social & Fundraising Events
**Other Trading Activities**
Lettings
Hall Hire
less: expenses
Other Income
Net fees for weddings and funerals
**Investments**
Bank interest & dividends
Property rentals
less: expenses
Solar Panels' Generation
**Total Income**|**Unrestricted**
**Restricted**
**TOTAL**
**Funds**
**Funds**
**2022**
**£**
**£**
**£**
77,279
77,279
1,582 1,000 2,582
**78,861**
**1,000 79,861**
- 138 138
- 750 750
- - -
180 5,461 5,642
4,008
- 4,008
**4,189**
**6,349 10,538**
544 - 544
19,133 - 19,133
(25,996)
- (25,996)
3,379
- 3,379
4,018 - 4,018
**1,077**
**- 1,077**
76,231 2,182 78,413
58,599 - 58,599
(9,938)
- (9,938)
4,109
- 4,109
**129,001**
**2,182 131,183**
**213,129**
**9,531 222,660**|**Unrestricted**
**Restricted**
**TOTAL**
**Funds**
**Funds**
**2021**
**£**
**£**
**£**
76,173
76,173
101,619 25 101,644
**177,792 25 177,817**
- 400 400
- - -
- 2,000 2,000
- 2,774 2,774
2,829
- 2,829
**2,829 5,174 8,004**
403 - 403
12,246 - 12,246
(9,807)
- (9,807)
8,133
- 8,133
5,511 - 5,511
**16,485**
**- 16,485**
72,707 2,035 74,742
61,876 - 61,876
(3,223)
- (3,223)
4,153
- 4,153
**135,511 2,035 137,546**
**332,618 7,234 339,853**| |---|---|---| |**3. Expenditure**
**Expenditure on Fundraising:**
**Charitable Expenditure:**
**_Resourcing Ministry_**
Clergy Expenses - See Note 14
Church Buildings and Yard- See Note 13
Music, Organ and Choir
Altar items
Flower Guild
Other Church Activities
Common Fund to Diocese
Support for resourcing ministry
**_Resourcing Mission_**
Christmas Day Together
Children's Work
Charitable Giving
Support for resourcing mission
**Total Expenditure**
**Analysis of Support Costs**
Parish Office
Other Costs|**Unrestricted**
**Restricted**
**TOTAL**
**Funds**
**Funds**
**2022**
**£**
**£**
**£**
0
0
0
17,194 - 17,194
73,675 - 73,675
15,530 1,538 17,068
1,403 - 1,403
- -
-
3,939 2,106 6,045
154,829 1,186 156,015
34,158
- 34,158
**300,728**
**4,829 305,557**
- 900
900
18,539 - 18,539
7,793
- 7,793
3,795
- 3,795
**30,127 900 31,027**
**330,856**
**5,729 336,585**
-113,925
**Unrestricted**
**Restricted**
**TOTAL**
**General**
**Funds**
**Funds**
**2022**
**£**
**£**
**£**
35,427 - 35,427
2,526
- 2,526
**37,953**
**- 37,953**|**Unrestricted**
**Restricted**
**TOTAL**
**Funds**
**Funds**
**2021**
**£**
**£**
**£**
0
0
0
6,756 - 6,756
24,573 - 24,573
11,934 - 11,934
266 - 266
(150)
- (150)
1,481 2,378 3,859
148,909 1,147 150,056
31,465
- 31,465
**225,234 3,525 228,759**
- 226 226
19,260 - 19,260
7,389
- 7,389
3,496
- 3,496
**30,146 226 30,372**
**255,380 3,751 259,131**
80,722
**Unrestricted**
**Restricted**
**TOTAL**
**General Funds**
**Funds**
**2021**
**£**
**£**
**£**
33,803 - 33,803
1,158
- 1,158
**34,961**
**- 34,961**| |---|---|---| ## **Note 4: Prior period error and restatement of accounts** During 2022, the PCC became aware that, in error, previous year's financial accounts had omitted 3 funds which were under the jurisdiction of the PCC. As such, both 2021 and the merger disclosures made as part of the 2021 accounts are restated below to include the omitted funds. The first fund, the Alison Fairn Clergy Discretionary Fund, generated £888 of dividends during 2021 with a value of £18,674 and cash assets of £359 as at 31 December 2021. It was historically part fo the Parish of St Anne, Moseley. The fund's income is disbursed at the discretion of the Incumbent on such projects deemed to be for the benefit of the parish and its parishoners. The second fund is the Sydney Halsey Fund. It is historically of the Parish of St Mary, Moseley and generated £1,147 in 2021, having a closing value of £45,197 as at 31 December 2021. There was no cash at bank or in hand. Sydney Halsey income is for the support of the Incumbent, but historically income has been remitted to the Diocese of Birmingham for use to support the church's mission in the diocese in a manner akin to Common Fund gifting. The 3rd fund is the SMC Discretionary Fund, which is for clergy disbursment to worthwhile activities of their choosing. It is funded by donations from Kings Norton Charities Unitied. There is no associted asset. The fund had closing cash of £6,349 at 31 December 2021, with income in thje year of £25 and outgoings of £1278. All funds are restricted with the capital held in investment funds. The capital associated with the Sydney Halsey Fund is an endowment. |**Statement of Financial Activities**
**Donations**
**Charitable activities**
**Other trading activities**
**Investments**
**Total**
**Expenditure on:**
**Raising funds**
**Charitable activities**
**Total**
**Net income/(expenditure) before investment gains**
**Net gains on investments**
**Net income**
**Transfers between funds**
**Net movement in funds**
**Total funds as reported**
_- Add: Fairn Discretionary Fund_
_- Add: Sydney Halsey Fund_
_- Add: SMC Clergy Discretionary Fund_
**Total funds restates**
**Statement of Financial Position**
**Fixed Assets:**
Tangible - Investment
Tangible - Operational
IT
Plant and Equipment
Investments
**Current Assets:**
Debtors
Short term deposits
Cash at bank and in hand
**Current Liabilities**
Creditors
**Net Current Assets**
**Total Net Assets**
Unrestricted – general
Unrestricted – designated
Restricted
Endowment|**2021**
**2021**
**as reported**
**SAC Fairn**
**Discretionary Fund**
**SMC Sydney Halsey**
**Fund**
**SMC Clargy**
**Discretionary Fund**
**restated**
**£**
**£**
177,792
25
177,817
8,004
8,004
16,485
16,485
135,511
888
1,147
137,546
337,793
888
1,147
25
339,853
-
255,606
1,100
1,147
1,278
259,131
255,606
1,100
1,147
1,278
259,131
**82,187**
**(212)**
**0**
**(1,253)**
**80,722**
290,877
2,204
5,656
0
298,737
373,064
1,992
5,656
1,253
-
379,459
-
-
-
-
**373,064**
**1,992**
**5,656**
**1,253**
**-**
**379,459**
**31 Dec 2020**
**2021 Net movement**
**in funds**
**31 Dec 2021**
2,887,449
373,064
3,260,513
17,042
1,992
19,033
39,540
5,656
45,197
7,602
1,253
-
6,349
2,951,633
379,459
3,331,092
**2021**
**2021**
**As reported**
**SAC Fairn**
**Discretionary Fund**
**SMC Sydney Halsey**
**Fund**
**SMC Clargy**
**Discretionary Fund**
**Restated**
**720,000**
**-**
**-**
**- 720,000**
**80,000**
**-**
**-**
**- 80,000**
**-**- - -**-**
**-**- - -**-**
**2,272,906**18,674 45,197
-**2,336,777**
**3,072,906**18,674 45,197
-**3,136,777**
**-**
**26,398**
- - -**26,398**
**130**
- - -**130**
**179,638**359
- 6,349**186,346**
**206,166**359
- 6,349**212,874**
**-**
**18,559**
- - -**18,559**
**187,607**359
- 6,349**194,315**
**3,260,513**19,033 45,197 6,349**3,331,092**
**271,242**
-
**271,242**
**2,896,570**
-
**2,896,570**
**92,701**
19,033
6,349
**118,083**
**-**
45,197
-
**45,197**
**3,260,513**
19,033
45,197
6,349
**3,331,092**
**Restatement**
**Restatement**| |---|---| On the 1st of July 2021, the Parish of St Anne, Moseley and the Parish of St Mary, Moseley, merged. As such the restatement period crosses previously disclosed merger accounting disclosures. Those disclosures relating to the merger are restated below: ## **Analysis of principal SoFA components for year ending 31st December 2021** **----- Start of picture text -----**
2021 As Reported
St Anne's Church to St Mary's Church to Parish of Moseley from Parish of Moseley FY
£ 30th June 2021 30th June 2021 1st July 2021 2021
Total Income 113,846 99,437 124,510 337,793
Total Expenditure (22,958) (66,503) (166,144) (255,606)
Net income/expenditure 90,888 32,934 (41,634) 82,187
Other gains/losses 31,840 114,586 144,451 290,877
Net movement in funds 122,728 147,520 102,817 373,064
Funds omitted in error
St Anne's Church to St Mary's Church to Parish of Moseley from Parish of Moseley FY
£ 30th June 2021 30th June 2021 1st July 2021 2021
Total Income 396 568 1,096 2,060
Total Expenditure (550) (1,169) (1,806) (3,525)
Net income/expenditure (154) (601) (710) (1,465)
Other gains/losses 1,910 2,625 3,325 7,860
Net movement in funds 1,756 2,024 2,615 6,395
2021 Restated
St Anne's Church to St Mary's Church to Parish of Moseley from Parish of Moseley FY
£ 30th June 2021 30th June 2021 1st July 2021 2021
Total Income 114,242 100,005 125,606 339,853
Total Expenditure (23,508) (67,673) (167,950) (259,131)
Net income/expenditure 90,734 32,333 (42,344) 80,722
Other gains/losses 33,750 117,211 147,776 298,737
Net movement in funds 124,484 149,544 105,432 379,459
2020 As Reported
St Anne's Church to St Mary's Church to Combined total to 31st
£ 31st December 2020 31st December 2020 December 2020
Total Income 38,337 260,027 298,364
Total Expenditure 53,367 264,639 318,006
Net income/expenditure (15,030) (4,611) (19,641)
Other gains/losses (57,624) 65,332 7,708
Net movement in funds (72,654) 60,720 (11,934)
Funds omitted in error
St Anne's Church to St Mary's Church to Combined total to 31st
£ 31st December 2020 31st December 2020 December 2020
Total Income 804 2,373 3,177
Total Expenditure 1,200 2,238 3,438
Net income/expenditure (396) 134 (262)
Other gains/losses (3,457) 2,544 (913)
Net movement in funds (3,853) 2,678 (1,175)
2020 Restated
St Anne's Church to St Mary's Church to Combined total to 31st
£ 31st December 2020 31st December 2020 December 2020
Total Income 39,141 262,400 301,541
Total Expenditure 54,567 266,877 321,444
Net income/expenditure (15,426) (4,477) (19,903)
Other gains/losses (61,081) 67,876 6,794
Net movement in funds (76,507) 63,399 (13,109)
Analysis of Net Assets at 30th June 2021
2021 As Reported
St Anne's Church at St Mary's Church at Combined total at 30th
Analysis of net assets at 30th June 2021 30th June 2021 30th June 2021 June 2021
Net Assets 399,545 2,758,144 3,157,689
Represented by:
Unrestricted funds 399,545 2,669,502 3,069,047
Restricted funds - 88,642 88,642
Endowment Funds
Funds omitted in error
St Anne's Church at St Mary's Church at Combined total at 30th
Analysis of net assets at 30th June 2021 30th June 2021 30th June 2021 June 2021
Net Assets 18,798 49,166 67,964
Represented by:
Unrestricted funds - - 0
Restricted funds 18,798 7,001 25,799
Endowment Funds - 42,165 42,165
2021 Restated
St Anne's Church at St Mary's Church at Combined total at 30th
Analysis of net assets at 30th June 2021 30th June 2021 30th June 2021 June 2021
Net Assets 418,343 2,807,310 3,225,653
Represented by:
Unrestricted funds 399,545 2,669,502 3,069,047
Restricted funds 18,798 95,643 114,441
Endowment Funds - 42,165 42,165
**----- End of picture text -----**
|**Note 5. Tangible Fixed Assets**
**Cost/valuation**
At 1 January 2022
Additions
Disposals
**At 31 December 2022**
**Accumulated depreciation**
At 1 January 2022
Charge for the year
Disposals
**At 31 December 2022**
**Net book value**
**At 31 December 2022**
At 31 December 2021
During 2022, the parish purchased a new boiler for the St
**Note 6. Investments**
M&G Charifunds (Piggott)
M&G Charifunds (Fairn)
CCLA Investment Fund Halsey
CCLA Property Fund
CCLA Investment Fund
**Note 7. Debtors and Prepayments**
**Receivable within one year:**
Gift Aid Recoverable
British Gas Feed In Tarif
Rent - St Mary's Row Properties
St Anne's Hall Receivables
Prepayments
Other Debtors
**Note 8. Creditors and Deferred Income**
**Amounts falling due within one year:**
Utilities
Charitable Giving
Salaries
Rent - Curate accommodation payable
Software
Rent - St Mary's Row Properties
Hall Maintenance
Other Creditors
**Note 9. Movements in Funds**
**Endowment Funds**
St Mary's Sydney Halsey Fund
**Restricted Funds**
Churchyard Fund
Bell Fund
Fabric Fund
Christmas Day Together Fund
Childrens Fund
Pew Bibles
Music Fund
Choristers' Fund
St Mary's Sydney Halsey Fund
St Anne's Fairn Clergy Discretionary Fund
St Mary's Clergy Discretionary Fund
Organ Fund
These properties comprise of 25, 25A, 25B, 27, 29 & 31, 3
The properties were last revalued in 2015.|**Investment**
**Properties**
**Operational**
**Properties**
**IT Equipment**
**Plant and Equipment**
**Total**
**£**
**£**
**£**
**£**
**£**
720,000 80,000 2,578
-**802,578**
-- - 12,300**12,300**
- - - -**-**
**720,000 80,000 2,578 12,300 814,878**
-
- 2,578
-**2,578**
- - - 2,563
**2,563**
- - - -
**-**
**-**
**- 2,578 2,563 5,140**
**720,000 80,000**
**-**
**- 800,000**
**720,000 80,000**
**- 9,738 809,738**
Anne's Church Hall. It is being depreciated over 4 years on a straight line basis and was commissioned in March 2022.
**As at 1 January 2022**
**Purchases**
**Disposals**
**Change in market**
**value**
**As at 31 December**
**2022**
**£**
**£**
**£**
**£**
**£**
**311,240**
0
0
(17,336)
**293,904**
**18,674**
0
0
(1,040)
**17,634**
**45,197**
0
0
(5,320)
**39,877**
**456,946**
0
0
(53,615)
**403,331**
**1,504,720**
0
0
(177,135)
**1,327,585**
**2,336,777**
0
0
(254,446)
**2,082,331**
-
-
**2022**
2021
**£**
£
5,359
7,453
3,378
7,699
1,000
1,610
3,961
4,505
8,411
5,051
155
80
**22,263**
**26,398**
0
-
**2022**
2021
**£**
£
20,067
0
8,440
6,367
0
3,619
0
5,500
3,947
0
575
575
346
1,068
2,881
1,430
**36,257**
**18,559**
0
#REF!
**01-Jan-22**
**Income**
**Expenditure**
**Capital movements**
**Transfers**
**31-Dec-22**
**£**
**£**
**£**
**£**
**£**
**£**
45,197
0
0
(5,320)
0
**39,877**
45,197
0
0
(5,320)
0
**39,877**
0
**0**
0
0
0
0
**0**
**2,000**
0
0
0
0
**2,000**
**4,328**
0
0
0
0
**4,328**
**3,396**
138
(900)
0
0
**2,634**
**2,035**
0
0
0
0
**2,035**
**206**
0
0
0
0
**206**
**0**
750
(750)
0
0
**0**
**2,000**
0
0
0
0
**2,000**
**0**
1,186
(1,186)
**0**
**0**
**0**
**19,033**
996
(912)
(1,040)
0
**18,077**
**6,349**
1,000
(1,194)
**0**
**0**
**6,155**
**78,735**
5,461
(788)
0
0
**83,409**
**118,083**
9,531
(5,729)
(1,040)
0
**120,845**
0
1A & 31B St Mary's Row. These properties include a combination of residential, commercial and church used buildings.| |---|---| |**Designated Funds**
St Anne's Church Ball Fundraising
St Anne's Bequest Fund
St Anne's Piggott Fund
St Mary's Row Properties
IT Equipment
St Mary's Investment Growth Fund
Agreed Improvements Fund
Staffing Developments Fund
St Mary's Vision 13 Fund
Premises Fund
Contingency Fund
**Unrestricted funds**
General
**Total Funds**|**5,172**
0
0
0
0
**5,172**
**100,000**
0
(2,563)
0
0
**97,438**
**289,828**
16,637
0
(17,336)
(80,000)
**209,129**
**800,000**
0
0
0
0
**800,000**
**0**
0
0
0
0
**0**
**(0)**
0
0
(230,749)
230,749
**-0**
**42,027**
0
0
0
0
**42,027**
**400,000**
0
0
0
(100,000)
**300,000**
**994,543**
0
(7,628)
0
0
**986,914**
**140,000**
0
0
0
25,000
**165,000**
**125,000**
0
0
0
0
**125,000**
**2,896,570**
16,637
(10,191)
(248,085)
75,749
**2,730,680**
0
**271,242**
236,175
(360,348)
0
(75,749)
**71,320**
0
**3,331,092**
**262,343**
**(376,268)**
**(254,446)**
**0**
**2,962,721**| |---|---| Note that, for the purposes of the 2022 accounts, as in 2021, all funds which were treated as designated in the separate parishes of St Anne's and St. Mary's have continued to be treated as designated in the merged parish. Of the transfers into the parish's general fund, £80,000 was transferred from the St Anne's Piggott Fund, and £100,000 from the Staffing Developments Fund. This was to offset the loss in general operations and also to cover the reduction in the capital value of the parish's investments. **Churchyard Fund** . Church Yard Heritage project income funded by the National Lottery Heritage Fund. **Bell Fund** . During 2015 a restricted £2,000 donation was received toward the ongoing upkeep of the bells from the Trust. **Fabric Fund.** This fund resulted from an appeal and is restricted for re-ordering of the Nave Altar and Chancel. **Christmas Day Together Fund** . This annual event has a specific fund for its income and expenditure. **Children's Fund** . During 2017 the trustees of the Ballance Trust provided £2,035 toward Children and Youth work **Pew Bibles** . During 2016 the trustees of the Ballance Trust provided £2,000 for the purchase of Pew Bibles. **Music Fund** . This is made up of donations towards the provision of music at the church by the Friends of St. Mary's Music and Choirs. **Choristers' Fund:** A donation of £2000 from the Ouseley Trust in 2021 to fund scholarships for choristers of the parish **St Mary's Sydney Halsey Fund** : An endowment for St Mary's Church with the income used for the support the Incumbent and the clergy. The income is restricted **St Anne's Fairn Clergy Discretionary Fund:** A bequest from Alison Fairn, parishoner of St Anne's, for use at the individual discretion of the vicar of the parish **St Mary's Clergy Discretionary Fund:** Donations received from Kings Norton Charities United to support discretionary activities of the clergy of the parish **Organ Fund:** These are funds specifically raised to refurbish the organ in St Mary's **Church Ball Fundraising:** Funds raised in support of the annual church ball at St Anne's **St Anne's Bequest Fund:** £100,000 bequest made in 2021 to St Anne's by a parishoner **Piggott Fund:** Funds for support of the running of St Anne's church **St Mary's Row Properties.** See Note 5. **Investment Growth Fund.** Assumed on investments. This is significantly less that recent returns but returns can be volatile. **Agreed Improvements Fund.** Sufficient funding to provide for the remaining Church Yard Project, altar frontals and £20,050 bequest received in 2018 **Staffing Developments Fund** . To provide medium/long term funding for staff salaries once or if funding from investments reduces e.g. by reordering the church **St Mary's Vision 13 Fund.** Reserve £1m to fund Vision 13 costs for church reordering **Premises Fund.** Provide funds for improvements to the church and other PCC premises **Contingency Fund.** Hold in reserves the equivalent of approximately 6 months general running costs for unforeseen events. **General Fund.** Provide a general reserve to provide deterioration in finance, one off costs and cash flow ## **Note 9a. Fund Transfers** The following highlights transfers between funds and there reason |**Redistribution of Investment Growth**
Tangible fixed assets
Investments
Debtors due within one year
Debtors due outside one year
Short term deposits
Cash at bank
Creditors due within one year
Creditors due outside one year
**Note 10. Analysis of Net Assets by Fund**|**General Funds - SMC**
**General Funds - SAC**
**Investment Fund**
**Other Funds**
check
Offset SMC Investment Growth Losses
(130,749)
230,749
(100,000)
-
Offset SAC 2023 losses
80,000
(80,000)
Top up of SMC Premises Fund
(25,000)
25,000
-
**Total**
**(155,749)**
**80,000**
**230,749**
**(155,000)**
-
-
**Total**
Total
**2022**
2021
**£**
**£**
**£**
**£**
**£**
£
0
809,738
0
0
**809,738**
800,000
0
38,894
1,888,960
114,600
39,877
**2,082,331**
2,336,777
0
22,236
0
28
0
**22,263**
26,398
0
0
0
0
0
**0**
0
0
131
0
0
**131**
130
0
46,065
31,852
6,598
0
**84,515**
186,346
0
(35,876)
0
(381)
0
**(36,257)**
(18,559)
0
0
0
0
0
**0**
0
**71,320**
**2,730,680**
**120,845**
**39,877**
**2,962,721**
3,331,092
-
1
-
-
1
**Unrestricted General**
**Funds**
**Unrestricted**
**Designated Funds**
**Restricted Fund**
**Endowment Fund**| |---|---| ## **Note 11. Related Party Transactions** The PCC has related charities for which some PCC Trustees are also Trustees. The following cash transactions and closing balances are included in the accounts:- |**Related Party**
Friends of St Mary's Choir & Music
Flower Guild
**Total**|**Cash In**
**Cash Out**
**Owed**
**Owing**
**£**
**£**
**£**
**£**
1,250
0
0
0
0
0
0
0
**1,250**
**0**
**0**
**0**| |---|---| During 2022, there were no related party transactions with the Flower Guild No member of the PCC was paid during the year. A small immaterial portion of the expenses paid to the incumbent may have related to his service as chairman of the PCC. Some immaterial reimbursements for general church activities were paid to some PCC members or persons closely connected to them. |**Note 12. Staff costs**
Wages and salaries
Social security costs
Pension contributions|**2022**
2021
**£**
£
67,791
65,148
0
0
824
688
**68,616**
65,836| |---|---| During the year the PCC employed a Director of Music, Site Services Manager, a Benefice Support Manager (job share) and Intergenerational Ministry Co-ordinator. In line with legislative requirements the PCC introduced a Workplace Pension Scheme from September 2016. |**Note 13. Church Buildings and Yard**
_St Anne's_
- Utilities
- Insurance
- Building Works, Repairs & Cleaning
- Yard
_St Mary's_
- Utilities
- Insurance
- Building Works, Repairs & Cleaning
- Yard
- Church Reordering Project
Add back: one off gain from Scottish Power settlement
_Parish of Moseley Utilities Costs_
St Anne's
St Mary's
_As reported_
Add back Diocesan Energy Grant
Add back Scottish Power settlement
_Underlying utilities spend_
During 2022 the church received a one off energy grant o
buildings cost and the remainder is against SAC Hall (£1,8
expenditure in the prior period.
**Note 14. Clergy Expenses**
Clergy Expenses
_Of which:_
Curate Housing
Expenses incurred in carrying out mission and ministry
Expenses incurred in supporting clergy lodgings|**2022**
2021
**£**
£
**2,034**
1,922
**3,250**
3,884
**446**
4,247
**500**
1,004
**19,953**
(25,264)
**10,284**
10,789
**27,689**
25,687
**1,890**
2,305
**7,628**
0
**73,675**
24,573
40,508
**73,675**
65,081
0
**2,034**
1,922
**19,953**
(25,264)
**21,987**
**(23,342)**
8,415
40,508
**30,402**
**17,166**
f £10,216.56 from the Diocese of Birmingham to mitigate against high energy costs. Of this, £8,415.16 has gone against church
00.88). Underlying Parish of Moseley utilities expenditure in 2022 was £30,402, an increase of £13,166 against underlying
**2022**
2021
**£**
£
17,194
6,756
10,500
1,750
4,626
3,080
2,069
1,926| |---|---| Note that £7,500 of curate housing support was recorded in "Other Income" in 2021. In 2022 this is shown within Clergy Expenses ## **Parish of Moseley, 2022 Accounts** |**Statement of Financial Activities**
**Note**
**Income and Endowments from:**
**Donations**
2
**Charitable activities**
2
**Other trading activities**
2
**Investments**
2
**Total**
**Expenditure on:**
**Raising funds**
3
**Charitable activities**
3
**Total**
**Net income/(expenditure) before**
**investment gains**
**Net gains on investments**
6
**Net income**
**Transfers between funds**
9
**Net movement in funds**
**Total funds at 1st January**
**Total funds at 31st December**
9|**Unrestricted**
**Unrestricted**
**General**
**Designated**
**Restricted**
**Endowment**
**Funds**
**Funds**
**Funds**
**Funds**
**2022**
**2021**
**Variance**
**£**
**£**
**£**
**£**
**£**
**£**
78,861 - 1,000
-**79,861 177,817 (97,956)**
4,189 - 6,349
-**10,538 8,004**
**2,534**
1,077-
-
-**1,077 16,485 (15,408)**
112,365 16,637 2,182
-**131,183 137,546 (6,363)**
196,492 16,637 9,531
-**222,660 339,853 (117,193)**
- -
-
-**- -**
320,665 10,191
5,729
-**336,585 259,131 77,454**
320,665 10,191 5,729
-**336,585 259,131 77,454**
(124,173) 6,446 3,802
-**(113,925) 80,722 (194,647)**
- (248,085) (1,040)
(5,320)
**(254,446)**
**298,737 (553,183)**
(124,173) (241,640)
2,762 (5,320)
**(368,371)**
**379,459 (747,830)**
(75,749)
75,749
-
-**- -**
(199,922) (165,890) 2,762 (5,320)
**(368,371)**
**379,459 (747,830)**
271,242
2,896,570 118,083 45,197
**3,331,092 2,951,633 379,459**
**71,320 2,730,680 120,845 39,877**
**2,962,721 3,331,092 (368,371)**
**TOTAL FUNDS**| |---|---| ## **Parish of Moseley, 2022 Accounts** |**Balance Sheet at 31st December 2022**
**Note**
**Fixed Assets:**
Tangible - Investment
5
Tangible - Operational
5
IT
Plant and Equipment
5
Investments
6
**Current Assets:**
Debtors
7
Short term deposits
Cash at bank and in hand
**Current Liabilities**
Creditors
8
**Net Current Assets**
**Total Net Assets**
**Represented by parish funds:**
9
Unrestricted – general
Unrestricted – designated
Restricted
Endowment|**2022**
**2021**
**£**
**£**
**720,000 720,000**
**80,000 80,000**
**- -**
**9,738**
**-**
**2,082,331 2,336,777**
**2,892,069 3,136,777**
**22,263 26,398**
**131 130**
**84,515 186,346**
**106,909 212,874**
**36,257 18,559**
**70,653 194,315**
**2,962,721 3,331,092**
**71,320 271,242**
**2,730,680 2,896,570**
**120,845 118,083**
**39,877 45,197**
**2,962,721 3,331,092**| |---|---| The notes of pages 6 to 11 form part of these financial statements. The financial statements were approved by the PCC on 20th March 2023 and signed on its behalf by: **XXX** ## **1. Principal Accounting Policies** ## **Basis of accounting** The financial statements have been prepared under the Church Accounting Regulations 2006 in accordance with the current Statement of Recommended Practice, Accounting and Reporting by Charities and applicable accounting standard FRS102. The financial statements have been prepared under the historical cost convention except for investment assets, which are included at fair valuation. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members. Following transition to FRS102 for the first time, all the accounting policies have been aligned with the new accounting standard and where these have resulted in a material change to the amounts, classification or presentation within the financial statements as at the date of transition then a transitional adjustment has been made. The principal accounting policies and estimation techniques are as follows: ## **Funds** Funds over which the PCC’s control is limited by statue or the terms of a trust deed, or which are restricted in their use have been defined as “restricted funds”. Funds which are controlled by the PCC and over which there are essentially no restrictions as to their use have been defined as “unrestricted funds”. Designated funds are unrestricted funds that have been set aside by the PCC for purposes designated by PCC policy. Such designations may be set aside from time to time according to policy decisions. _Endowment Funds_ are funds, the capital of which must 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 upon the purpose for which the endowment was established in the first place. _Restricted Funds_ comprise (a) income from endowments 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 the donor. _Unrestricted Funds_ are income funds which are to be spent on the PCC’s general purposes. _Designated funds_ are general funds set aside by the PCC for use in the future. Designated funds remain unrestricted and the PCC will move any surplus to other general funds. ## **Income** All income is included in the Statement of Financial Activities when the PCC is legally entitled to them as income or capital respectively, ultimate receipt is probable and the amount to be recognized can be quantified with reasonable accuracy. Planned giving, collections and similar donations are recognised when received. Tax refunds are recognised when the income to which they relate is received. Grants received which are subject to pre conditions for entitlements or use specified by the donor which have not been met at the yearend are included in creditors to be carried forward to the following year. Dividends and rents are accounted for when declared receivable, interest as and when accrued by the payer. All income is accounted for gross. ## **Expenditure** Liabilities are recognized as soon as there is a legal or constructive obligation committing the PCC to pay out resources. Expenditure is included on an accruals basis under the following headings; all costs are allocated under a specific category: _Costs of raising funds_ These are the costs associated with the PCC’s fundraising activities. _Charitable expenditure_ Charitable expenditure is analysed between ministry and mission expenditure. Ministry expenditure includes the direct costs of running the church such as the diocesan parish share, church building and service costs. The diocesan parish share expected to be paid over is accounted for when due. Mission expenditure includes mission giving and donations, outreach in the community activities, children's work cost and associated staff costs. Support costs consist of central management, administration and governance. These are costs which are directly attributable to a specific charitable activity. Grants and donations are accounted for when paid over or when awarded. Expenditure is accounted for gross. ## **Tangible fixed assets and depreciation** Movable church furnishings held by the vicar and churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the church’s inventory, which can be inspected (at any reasonable time). There is insufficient cost information available and therefore such assets are not valued in the financial statements. So all such expenditure has been written off when incurred. The properties the PCC owns comprise of 25, 25A, 25B, 27, 29 & 31, 31A & 31B St Mary's Row. During 2015 in line with the revised Charities accounting requirements (FRS 102) properties have been split Investment and Operation on the Balance Sheet. Investment Properties were revalued by Fishers Property & Lettings Management in September 2015. This valuation is reflected in the Balance Sheet. Operational Properties were not revalued in 2022. Depreciation is not provided on these properties as any provision (annual or cumulative) would not be material, due to the very long expected remaining useful life and because it’s expected residual value is not materially less than its carrying value. The PCC has a policy of regular structural inspection, repair and maintenance and the property is unlikely to deteriorate or suffer from obsolesce. Equipment used within the church premises is depreciated on a straight-line basis over four years. Individual items of equipment with a purchase price of £1,000 or less are written off when the asset is acquired. There are no such assets at this time. ## **Financial instruments** The PCC has elected to apply the provision of Section 11 “Basic Financial Instruments” and Section 12 “Other Financial Instruments” of FRS102 in full to all of its financial instruments. Debtors which are receivable within 1 year and which do not constitute a financing transaction are initially measured at the transaction price. Debtors are subsequently measure at amortised cost being the transaction price less any amounts settled and any impairment losses. Creditor’s payable within 1 year and which do not constitute a financing transaction are initially measured at the transaction price. Creditors are subsequently measure at amortised cost being the transaction price less any amounts settled. |**2. Income**
**Donations**
Free Will Offering (Inc Gift Aid)
Legacies and Donations
**Charitable Activities**
Christmas Day Together
Music
Choristers' Fund
Organ
Social & Fundraising Events
**Other Trading Activities**
Lettings
Hall Hire
less: expenses
Other Income
Net fees for weddings and funerals
**Investments**
Bank interest & dividends
Property rentals
less: expenses
Solar Panels' Generation
**Total Income**|**Unrestricted**
**Restricted**
**TOTAL**
**Funds**
**Funds**
**2022**
**£**
**£**
**£**
77,279
77,279
1,582 1,000 2,582
**78,861**
**1,000 79,861**
- 138 138
- 750 750
- - -
180 5,461 5,642
4,008
- 4,008
**4,189**
**6,349 10,538**
544 - 544
19,133 - 19,133
(25,996)
- (25,996)
3,379
- 3,379
4,018 - 4,018
**1,077**
**- 1,077**
76,231 2,182 78,413
58,599 - 58,599
(9,938)
- (9,938)
4,109
- 4,109
**129,001**
**2,182 131,183**
**213,129**
**9,531 222,660**|**Unrestricted**
**Restricted**
**TOTAL**
**Funds**
**Funds**
**2021**
**£**
**£**
**£**
76,173
76,173
101,619 25 101,644
**177,792 25 177,817**
- 400 400
- - -
- 2,000 2,000
- 2,774 2,774
2,829
- 2,829
**2,829 5,174 8,004**
403 - 403
12,246 - 12,246
(9,807)
- (9,807)
8,133
- 8,133
5,511 - 5,511
**16,485**
**- 16,485**
72,707 2,035 74,742
61,876 - 61,876
(3,223)
- (3,223)
4,153
- 4,153
**135,511 2,035 137,546**
**332,618 7,234 339,853**| |---|---|---| |**3. Expenditure**
**Expenditure on Fundraising:**
**Charitable Expenditure:**
**_Resourcing Ministry_**
Clergy Expenses - See Note 14
Church Buildings and Yard- See Note 13
Music, Organ and Choir
Altar items
Flower Guild
Other Church Activities
Common Fund to Diocese
Support for resourcing ministry
**_Resourcing Mission_**
Christmas Day Together
Children's Work
Charitable Giving
Support for resourcing mission
**Total Expenditure**
**Analysis of Support Costs**
Parish Office
Other Costs|**Unrestricted**
**Restricted**
**TOTAL**
**Funds**
**Funds**
**2022**
**£**
**£**
**£**
0
0
0
17,194 - 17,194
73,675 - 73,675
15,530 1,538 17,068
1,403 - 1,403
- -
-
3,939 2,106 6,045
154,829 1,186 156,015
34,158
- 34,158
**300,728**
**4,829 305,557**
- 900
900
18,539 - 18,539
7,793
- 7,793
3,795
- 3,795
**30,127 900 31,027**
**330,856**
**5,729 336,585**
-113,925
**Unrestricted**
**Restricted**
**TOTAL**
**General**
**Funds**
**Funds**
**2022**
**£**
**£**
**£**
35,427 - 35,427
2,526
- 2,526
**37,953**
**- 37,953**|**Unrestricted**
**Restricted**
**TOTAL**
**Funds**
**Funds**
**2021**
**£**
**£**
**£**
0
0
0
6,756 - 6,756
24,573 - 24,573
11,934 - 11,934
266 - 266
(150)
- (150)
1,481 2,378 3,859
148,909 1,147 150,056
31,465
- 31,465
**225,234 3,525 228,759**
- 226 226
19,260 - 19,260
7,389
- 7,389
3,496
- 3,496
**30,146 226 30,372**
**255,380 3,751 259,131**
80,722
**Unrestricted**
**Restricted**
**TOTAL**
**General Funds**
**Funds**
**2021**
**£**
**£**
**£**
33,803 - 33,803
1,158
- 1,158
**34,961**
**- 34,961**| |---|---|---| ## **Note 4: Prior period error and restatement of accounts** During 2022, the PCC became aware that, in error, previous year's financial accounts had omitted 3 funds which were under the jurisdiction of the PCC. As such, both 2021 and the merger disclosures made as part of the 2021 accounts are restated below to include the omitted funds. The first fund, the Alison Fairn Clergy Discretionary Fund, generated £888 of dividends during 2021 with a value of £18,674 and cash assets of £359 as at 31 December 2021. It was historically part fo the Parish of St Anne, Moseley. The fund's income is disbursed at the discretion of the Incumbent on such projects deemed to be for the benefit of the parish and its parishoners. The second fund is the Sydney Halsey Fund. It is historically of the Parish of St Mary, Moseley and generated £1,147 in 2021, having a closing value of £45,197 as at 31 December 2021. There was no cash at bank or in hand. Sydney Halsey income is for the support of the Incumbent, but historically income has been remitted to the Diocese of Birmingham for use to support the church's mission in the diocese in a manner akin to Common Fund gifting. The 3rd fund is the SMC Discretionary Fund, which is for clergy disbursment to worthwhile activities of their choosing. It is funded by donations from Kings Norton Charities Unitied. There is no associted asset. The fund had closing cash of £6,349 at 31 December 2021, with income in thje year of £25 and outgoings of £1278. All funds are restricted with the capital held in investment funds. The capital associated with the Sydney Halsey Fund is an endowment. |**Statement of Financial Activities**
**Donations**
**Charitable activities**
**Other trading activities**
**Investments**
**Total**
**Expenditure on:**
**Raising funds**
**Charitable activities**
**Total**
**Net income/(expenditure) before investment gains**
**Net gains on investments**
**Net income**
**Transfers between funds**
**Net movement in funds**
**Total funds as reported**
_- Add: Fairn Discretionary Fund_
_- Add: Sydney Halsey Fund_
_- Add: SMC Clergy Discretionary Fund_
**Total funds restates**
**Statement of Financial Position**
**Fixed Assets:**
Tangible - Investment
Tangible - Operational
IT
Plant and Equipment
Investments
**Current Assets:**
Debtors
Short term deposits
Cash at bank and in hand
**Current Liabilities**
Creditors
**Net Current Assets**
**Total Net Assets**
Unrestricted – general
Unrestricted – designated
Restricted
Endowment|**2021**
**2021**
**as reported**
**SAC Fairn**
**Discretionary Fund**
**SMC Sydney Halsey**
**Fund**
**SMC Clargy**
**Discretionary Fund**
**restated**
**£**
**£**
177,792
25
177,817
8,004
8,004
16,485
16,485
135,511
888
1,147
137,546
337,793
888
1,147
25
339,853
-
255,606
1,100
1,147
1,278
259,131
255,606
1,100
1,147
1,278
259,131
**82,187**
**(212)**
**0**
**(1,253)**
**80,722**
290,877
2,204
5,656
0
298,737
373,064
1,992
5,656
1,253
-
379,459
-
-
-
-
**373,064**
**1,992**
**5,656**
**1,253**
**-**
**379,459**
**31 Dec 2020**
**2021 Net movement**
**in funds**
**31 Dec 2021**
2,887,449
373,064
3,260,513
17,042
1,992
19,033
39,540
5,656
45,197
7,602
1,253
-
6,349
2,951,633
379,459
3,331,092
**2021**
**2021**
**As reported**
**SAC Fairn**
**Discretionary Fund**
**SMC Sydney Halsey**
**Fund**
**SMC Clargy**
**Discretionary Fund**
**Restated**
**720,000**
**-**
**-**
**- 720,000**
**80,000**
**-**
**-**
**- 80,000**
**-**- - -**-**
**-**- - -**-**
**2,272,906**18,674 45,197
-**2,336,777**
**3,072,906**18,674 45,197
-**3,136,777**
**-**
**26,398**
- - -**26,398**
**130**
- - -**130**
**179,638**359
- 6,349**186,346**
**206,166**359
- 6,349**212,874**
**-**
**18,559**
- - -**18,559**
**187,607**359
- 6,349**194,315**
**3,260,513**19,033 45,197 6,349**3,331,092**
**271,242**
-
**271,242**
**2,896,570**
-
**2,896,570**
**92,701**
19,033
6,349
**118,083**
**-**
45,197
-
**45,197**
**3,260,513**
19,033
45,197
6,349
**3,331,092**
**Restatement**
**Restatement**| |---|---| On the 1st of July 2021, the Parish of St Anne, Moseley and the Parish of St Mary, Moseley, merged. As such the restatement period crosses previously disclosed merger accounting disclosures. Those disclosures relating to the merger are restated below: ## **Analysis of principal SoFA components for year ending 31st December 2021** **----- Start of picture text -----**
2021 As Reported
St Anne's Church to St Mary's Church to Parish of Moseley from Parish of Moseley FY
£ 30th June 2021 30th June 2021 1st July 2021 2021
Total Income 113,846 99,437 124,510 337,793
Total Expenditure (22,958) (66,503) (166,144) (255,606)
Net income/expenditure 90,888 32,934 (41,634) 82,187
Other gains/losses 31,840 114,586 144,451 290,877
Net movement in funds 122,728 147,520 102,817 373,064
Funds omitted in error
St Anne's Church to St Mary's Church to Parish of Moseley from Parish of Moseley FY
£ 30th June 2021 30th June 2021 1st July 2021 2021
Total Income 396 568 1,096 2,060
Total Expenditure (550) (1,169) (1,806) (3,525)
Net income/expenditure (154) (601) (710) (1,465)
Other gains/losses 1,910 2,625 3,325 7,860
Net movement in funds 1,756 2,024 2,615 6,395
2021 Restated
St Anne's Church to St Mary's Church to Parish of Moseley from Parish of Moseley FY
£ 30th June 2021 30th June 2021 1st July 2021 2021
Total Income 114,242 100,005 125,606 339,853
Total Expenditure (23,508) (67,673) (167,950) (259,131)
Net income/expenditure 90,734 32,333 (42,344) 80,722
Other gains/losses 33,750 117,211 147,776 298,737
Net movement in funds 124,484 149,544 105,432 379,459
2020 As Reported
St Anne's Church to St Mary's Church to Combined total to 31st
£ 31st December 2020 31st December 2020 December 2020
Total Income 38,337 260,027 298,364
Total Expenditure 53,367 264,639 318,006
Net income/expenditure (15,030) (4,611) (19,641)
Other gains/losses (57,624) 65,332 7,708
Net movement in funds (72,654) 60,720 (11,934)
Funds omitted in error
St Anne's Church to St Mary's Church to Combined total to 31st
£ 31st December 2020 31st December 2020 December 2020
Total Income 804 2,373 3,177
Total Expenditure 1,200 2,238 3,438
Net income/expenditure (396) 134 (262)
Other gains/losses (3,457) 2,544 (913)
Net movement in funds (3,853) 2,678 (1,175)
2020 Restated
St Anne's Church to St Mary's Church to Combined total to 31st
£ 31st December 2020 31st December 2020 December 2020
Total Income 39,141 262,400 301,541
Total Expenditure 54,567 266,877 321,444
Net income/expenditure (15,426) (4,477) (19,903)
Other gains/losses (61,081) 67,876 6,794
Net movement in funds (76,507) 63,399 (13,109)
Analysis of Net Assets at 30th June 2021
2021 As Reported
St Anne's Church at St Mary's Church at Combined total at 30th
Analysis of net assets at 30th June 2021 30th June 2021 30th June 2021 June 2021
Net Assets 399,545 2,758,144 3,157,689
Represented by:
Unrestricted funds 399,545 2,669,502 3,069,047
Restricted funds - 88,642 88,642
Endowment Funds
Funds omitted in error
St Anne's Church at St Mary's Church at Combined total at 30th
Analysis of net assets at 30th June 2021 30th June 2021 30th June 2021 June 2021
Net Assets 18,798 49,166 67,964
Represented by:
Unrestricted funds - - 0
Restricted funds 18,798 7,001 25,799
Endowment Funds - 42,165 42,165
2021 Restated
St Anne's Church at St Mary's Church at Combined total at 30th
Analysis of net assets at 30th June 2021 30th June 2021 30th June 2021 June 2021
Net Assets 418,343 2,807,310 3,225,653
Represented by:
Unrestricted funds 399,545 2,669,502 3,069,047
Restricted funds 18,798 95,643 114,441
Endowment Funds - 42,165 42,165
**----- End of picture text -----**
|**Note 5. Tangible Fixed Assets**
**Cost/valuation**
At 1 January 2022
Additions
Disposals
**At 31 December 2022**
**Accumulated depreciation**
At 1 January 2022
Charge for the year
Disposals
**At 31 December 2022**
**Net book value**
**At 31 December 2022**
At 31 December 2021
During 2022, the parish purchased a new boiler for the St
**Note 6. Investments**
M&G Charifunds (Piggott)
M&G Charifunds (Fairn)
CCLA Investment Fund Halsey
CCLA Property Fund
CCLA Investment Fund
**Note 7. Debtors and Prepayments**
**Receivable within one year:**
Gift Aid Recoverable
British Gas Feed In Tarif
Rent - St Mary's Row Properties
St Anne's Hall Receivables
Prepayments
Other Debtors
**Note 8. Creditors and Deferred Income**
**Amounts falling due within one year:**
Utilities
Charitable Giving
Salaries
Rent - Curate accommodation payable
Software
Rent - St Mary's Row Properties
Hall Maintenance
Other Creditors
**Note 9. Movements in Funds**
**Endowment Funds**
St Mary's Sydney Halsey Fund
**Restricted Funds**
Churchyard Fund
Bell Fund
Fabric Fund
Christmas Day Together Fund
Childrens Fund
Pew Bibles
Music Fund
Choristers' Fund
St Mary's Sydney Halsey Fund
St Anne's Fairn Clergy Discretionary Fund
St Mary's Clergy Discretionary Fund
Organ Fund
These properties comprise of 25, 25A, 25B, 27, 29 & 31, 3
The properties were last revalued in 2015.|**Investment**
**Properties**
**Operational**
**Properties**
**IT Equipment**
**Plant and Equipment**
**Total**
**£**
**£**
**£**
**£**
**£**
720,000 80,000 2,578
-**802,578**
-- - 12,300**12,300**
- - - -**-**
**720,000 80,000 2,578 12,300 814,878**
-
- 2,578
-**2,578**
- - - 2,563
**2,563**
- - - -
**-**
**-**
**- 2,578 2,563 5,140**
**720,000 80,000**
**-**
**- 800,000**
**720,000 80,000**
**- 9,738 809,738**
Anne's Church Hall. It is being depreciated over 4 years on a straight line basis and was commissioned in March 2022.
**As at 1 January 2022**
**Purchases**
**Disposals**
**Change in market**
**value**
**As at 31 December**
**2022**
**£**
**£**
**£**
**£**
**£**
**311,240**
0
0
(17,336)
**293,904**
**18,674**
0
0
(1,040)
**17,634**
**45,197**
0
0
(5,320)
**39,877**
**456,946**
0
0
(53,615)
**403,331**
**1,504,720**
0
0
(177,135)
**1,327,585**
**2,336,777**
0
0
(254,446)
**2,082,331**
-
-
**2022**
2021
**£**
£
5,359
7,453
3,378
7,699
1,000
1,610
3,961
4,505
8,411
5,051
155
80
**22,263**
**26,398**
0
-
**2022**
2021
**£**
£
20,067
0
8,440
6,367
0
3,619
0
5,500
3,947
0
575
575
346
1,068
2,881
1,430
**36,257**
**18,559**
0
#REF!
**01-Jan-22**
**Income**
**Expenditure**
**Capital movements**
**Transfers**
**31-Dec-22**
**£**
**£**
**£**
**£**
**£**
**£**
45,197
0
0
(5,320)
0
**39,877**
45,197
0
0
(5,320)
0
**39,877**
0
**0**
0
0
0
0
**0**
**2,000**
0
0
0
0
**2,000**
**4,328**
0
0
0
0
**4,328**
**3,396**
138
(900)
0
0
**2,634**
**2,035**
0
0
0
0
**2,035**
**206**
0
0
0
0
**206**
**0**
750
(750)
0
0
**0**
**2,000**
0
0
0
0
**2,000**
**0**
1,186
(1,186)
**0**
**0**
**0**
**19,033**
996
(912)
(1,040)
0
**18,077**
**6,349**
1,000
(1,194)
**0**
**0**
**6,155**
**78,735**
5,461
(788)
0
0
**83,409**
**118,083**
9,531
(5,729)
(1,040)
0
**120,845**
0
1A & 31B St Mary's Row. These properties include a combination of residential, commercial and church used buildings.| |---|---| |**Designated Funds**
St Anne's Church Ball Fundraising
St Anne's Bequest Fund
St Anne's Piggott Fund
St Mary's Row Properties
IT Equipment
St Mary's Investment Growth Fund
Agreed Improvements Fund
Staffing Developments Fund
St Mary's Vision 13 Fund
Premises Fund
Contingency Fund
**Unrestricted funds**
General
**Total Funds**|**5,172**
0
0
0
0
**5,172**
**100,000**
0
(2,563)
0
0
**97,438**
**289,828**
16,637
0
(17,336)
(80,000)
**209,129**
**800,000**
0
0
0
0
**800,000**
**0**
0
0
0
0
**0**
**(0)**
0
0
(230,749)
230,749
**-0**
**42,027**
0
0
0
0
**42,027**
**400,000**
0
0
0
(100,000)
**300,000**
**994,543**
0
(7,628)
0
0
**986,914**
**140,000**
0
0
0
25,000
**165,000**
**125,000**
0
0
0
0
**125,000**
**2,896,570**
16,637
(10,191)
(248,085)
75,749
**2,730,680**
0
**271,242**
236,175
(360,348)
0
(75,749)
**71,320**
0
**3,331,092**
**262,343**
**(376,268)**
**(254,446)**
**0**
**2,962,721**| |---|---| Note that, for the purposes of the 2022 accounts, as in 2021, all funds which were treated as designated in the separate parishes of St Anne's and St. Mary's have continued to be treated as designated in the merged parish. Of the transfers into the parish's general fund, £80,000 was transferred from the St Anne's Piggott Fund, and £100,000 from the Staffing Developments Fund. This was to offset the loss in general operations and also to cover the reduction in the capital value of the parish's investments. **Churchyard Fund** . Church Yard Heritage project income funded by the National Lottery Heritage Fund. **Bell Fund** . During 2015 a restricted £2,000 donation was received toward the ongoing upkeep of the bells from the Trust. **Fabric Fund.** This fund resulted from an appeal and is restricted for re-ordering of the Nave Altar and Chancel. **Christmas Day Together Fund** . This annual event has a specific fund for its income and expenditure. **Children's Fund** . During 2017 the trustees of the Ballance Trust provided £2,035 toward Children and Youth work **Pew Bibles** . During 2016 the trustees of the Ballance Trust provided £2,000 for the purchase of Pew Bibles. **Music Fund** . This is made up of donations towards the provision of music at the church by the Friends of St. Mary's Music and Choirs. **Choristers' Fund:** A donation of £2000 from the Ouseley Trust in 2021 to fund scholarships for choristers of the parish **St Mary's Sydney Halsey Fund** : An endowment for St Mary's Church with the income used for the support the Incumbent and the clergy. The income is restricted **St Anne's Fairn Clergy Discretionary Fund:** A bequest from Alison Fairn, parishoner of St Anne's, for use at the individual discretion of the vicar of the parish **St Mary's Clergy Discretionary Fund:** Donations received from Kings Norton Charities United to support discretionary activities of the clergy of the parish **Organ Fund:** These are funds specifically raised to refurbish the organ in St Mary's **Church Ball Fundraising:** Funds raised in support of the annual church ball at St Anne's **St Anne's Bequest Fund:** £100,000 bequest made in 2021 to St Anne's by a parishoner **Piggott Fund:** Funds for support of the running of St Anne's church **St Mary's Row Properties.** See Note 5. **Investment Growth Fund.** Assumed on investments. This is significantly less that recent returns but returns can be volatile. **Agreed Improvements Fund.** Sufficient funding to provide for the remaining Church Yard Project, altar frontals and £20,050 bequest received in 2018 **Staffing Developments Fund** . To provide medium/long term funding for staff salaries once or if funding from investments reduces e.g. by reordering the church **St Mary's Vision 13 Fund.** Reserve £1m to fund Vision 13 costs for church reordering **Premises Fund.** Provide funds for improvements to the church and other PCC premises **Contingency Fund.** Hold in reserves the equivalent of approximately 6 months general running costs for unforeseen events. **General Fund.** Provide a general reserve to provide deterioration in finance, one off costs and cash flow ## **Note 9a. Fund Transfers** The following highlights transfers between funds and there reason |**Redistribution of Investment Growth**
Tangible fixed assets
Investments
Debtors due within one year
Debtors due outside one year
Short term deposits
Cash at bank
Creditors due within one year
Creditors due outside one year
**Note 10. Analysis of Net Assets by Fund**|**General Funds - SMC**
**General Funds - SAC**
**Investment Fund**
**Other Funds**
check
Offset SMC Investment Growth Losses
(130,749)
230,749
(100,000)
-
Offset SAC 2023 losses
80,000
(80,000)
Top up of SMC Premises Fund
(25,000)
25,000
-
**Total**
**(155,749)**
**80,000**
**230,749**
**(155,000)**
-
-
**Total**
Total
**2022**
2021
**£**
**£**
**£**
**£**
**£**
£
0
809,738
0
0
**809,738**
800,000
0
38,894
1,888,960
114,600
39,877
**2,082,331**
2,336,777
0
22,236
0
28
0
**22,263**
26,398
0
0
0
0
0
**0**
0
0
131
0
0
**131**
130
0
46,065
31,852
6,598
0
**84,515**
186,346
0
(35,876)
0
(381)
0
**(36,257)**
(18,559)
0
0
0
0
0
**0**
0
**71,320**
**2,730,680**
**120,845**
**39,877**
**2,962,721**
3,331,092
-
1
-
-
1
**Unrestricted General**
**Funds**
**Unrestricted**
**Designated Funds**
**Restricted Fund**
**Endowment Fund**| |---|---| ## **Note 11. Related Party Transactions** The PCC has related charities for which some PCC Trustees are also Trustees. The following cash transactions and closing balances are included in the accounts:- |**Related Party**
Friends of St Mary's Choir & Music
Flower Guild
**Total**|**Cash In**
**Cash Out**
**Owed**
**Owing**
**£**
**£**
**£**
**£**
1,250
0
0
0
0
0
0
0
**1,250**
**0**
**0**
**0**| |---|---| During 2022, there were no related party transactions with the Flower Guild No member of the PCC was paid during the year. A small immaterial portion of the expenses paid to the incumbent may have related to his service as chairman of the PCC. Some immaterial reimbursements for general church activities were paid to some PCC members or persons closely connected to them. |**Note 12. Staff costs**
Wages and salaries
Social security costs
Pension contributions|**2022**
2021
**£**
£
67,791
65,148
0
0
824
688
**68,616**
65,836| |---|---| During the year the PCC employed a Director of Music, Site Services Manager, a Benefice Support Manager (job share) and Intergenerational Ministry Co-ordinator. In line with legislative requirements the PCC introduced a Workplace Pension Scheme from September 2016. |**Note 13. Church Buildings and Yard**
_St Anne's_
- Utilities
- Insurance
- Building Works, Repairs & Cleaning
- Yard
_St Mary's_
- Utilities
- Insurance
- Building Works, Repairs & Cleaning
- Yard
- Church Reordering Project
Add back: one off gain from Scottish Power settlement
_Parish of Moseley Utilities Costs_
St Anne's
St Mary's
_As reported_
Add back Diocesan Energy Grant
Add back Scottish Power settlement
_Underlying utilities spend_
During 2022 the church received a one off energy grant o
buildings cost and the remainder is against SAC Hall (£1,8
expenditure in the prior period.
**Note 14. Clergy Expenses**
Clergy Expenses
_Of which:_
Curate Housing
Expenses incurred in carrying out mission and ministry
Expenses incurred in supporting clergy lodgings|**2022**
2021
**£**
£
**2,034**
1,922
**3,250**
3,884
**446**
4,247
**500**
1,004
**19,953**
(25,264)
**10,284**
10,789
**27,689**
25,687
**1,890**
2,305
**7,628**
0
**73,675**
24,573
40,508
**73,675**
65,081
0
**2,034**
1,922
**19,953**
(25,264)
**21,987**
**(23,342)**
8,415
40,508
**30,402**
**17,166**
f £10,216.56 from the Diocese of Birmingham to mitigate against high energy costs. Of this, £8,415.16 has gone against church
00.88). Underlying Parish of Moseley utilities expenditure in 2022 was £30,402, an increase of £13,166 against underlying
**2022**
2021
**£**
£
17,194
6,756
10,500
1,750
4,626
3,080
2,069
1,926| |---|---| Note that £7,500 of curate housing support was recorded in "Other Income" in 2021. In 2022 this is shown within Clergy Expenses Independent examinerfs report to the trustees of The Parish of Moseley, Parochial Church Council I report to the trustees on my examination of the accounts of the Parish of Moseley, Parochial Church Council for the year ended 31" December 2022. Responsibililies and basis of report As the charity trustees of ihe Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111.the Act'l. I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Act. Independent examinerfs statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. l. accounting records were not kept in respect of the Trust as required by section 130 of the Act,. or 2. the account5 do not accord with those records. or 3. the accounts do not cotnply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Report51 Re8ulaiions 2008 other than any requirement that the accounts give a 'true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. SiEned'. Name.. Deidre A Mattison, MA ACA Chartered Accountant Addre55: 22 April Croft, M05eley. Birmingham. B13 9HP Date..