2023-12-31-accounts

St. Matthew’s Parish Church, Redhill

Registered Charity No: 1132579

ANNUAL REPORT AND FINANCIAL STATEMENTS OF THE PAROCHIAL CHURCH COUNCIL For the Year ended 31[st] December 2023

Incumbent:

The Reverend Anna Moore

The Vicarage

Ridgeway Road, Redhill

Bank:

NatWest Bank Plc Station Road,

Redhill

Independent Examiner:

Sarah Crispin ACA Stewardship 1 Lamb’s Passage London EC1Y 8AB

St Matthew’s Church Redhill

Annual Report of the Parochial Church Council for the Year Ended 31 December 2023

Administrative Information

St. Matthew’s Church is situated at 71, Station Road, Redhill. RH1 1DL. It is part of the Diocese of Southwark within the Church of England.

The Parochial Church Council of the Ecclesiastical Parish of St Matthew, Redhill (PCC) is a Registered Charity No. 1132579, entered in the Register of Charities on the 7[th ] November 2009.

PCC members from January 2023 to April 2023:

Ex Officio Members: Incumbent: Rev’d Anna Moore Chair Churchwardens Julia Elfred & Chris Roulston Joint Vice Chairs Hon Curate Rev’d Judith Brooks SPAs Scilla Wallis & Georgia Waterton Readers Anne Currie & Julie Knight Representatives on Deanery Julia Johns, Hilary Richardson, Synod Representatives on Diocesan Anne Currie Synod Elected Members: Angie Baker, Deborah Curphey, Ashleigh Davis, Joanna Goddard, Angie Holdsworth, Catherine Mwange, Helen Shepherd, Tim Whittle Co-opted Members: Ray Bolton Hon Treasurer Louise Hill Hon Secretary Ellen Maden Treasurer Elect

PCC members from April 2023 to December 2023:

Ex Officio Members: Incumbent: Rev’d Anna Moore Chair Churchwardens Julia Elfred & Chris Roulston Joint Vice Chairs Hon Curate Rev’d Judith Brooks (until May 2023) SPAs Scilla Wallis & Georgia Waterton Readers Anne Currie & Julie Knight Representatives on Deanery Hilary Richardson, Robina Wason Synod Representatives on Anne Currie Diocesan Synod Elected Members: Angie Baker, Deborah Curphey, David Hill, Louise Hill, Angie Holdsworth, Ellen Maden, Julieanna Rush, Tim Whittle Co-opted Members: Hugh Jones Hall Committee Chair

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Structure, Governance and Management.

In accordance with the Church Representation Rules, members of the PCC are elected by the Annual Parochial Church Meeting, or are ex-officio, or are co-opted by the PCC. All Church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC. At the first meeting of the new PCC in May, Louise Hill was elected Hon Secretary and Ellen Maden was elected Hon Treasurer.

The PCC operates through:

The Finance & Standing Committee which is responsible to the PCC for all the church’s buildings, fund-raising, financial planning and control. It also acts as the Standing Committee of the PCC and as such has the power to transact the business of the PCC between meetings. The members of this committee are the incumbent, the churchwardens, the treasurer, the secretary, the hall manager, and the hall lettings officer.

The Mission Action Committee which is responsible to the PCC for the continuing development of the Mission Action Plan and thereby determining and implementing a strategy for the growth of the Church’s mission within the Parish. The members of this team are the incumbent, the churchwardens, one of the readers, one of the SPAs and a member of the congregation. This committee met several times during 2023 and are planning a consultation with the congregation in order to draw up the new plan for 2024.

Objectives and Activities

St. Matthew’s PCC has the responsibility, in cooperation with the incumbent, for promoting in the parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It is responsible for the maintenance & repair of the Church and the movables within the Church; the repair and maintenance of the Church grounds, the parish hall, and 44, Ridgeway Road, Redhill; and the conduct of the parish’s financial affairs.

Church Attendance

The Electoral Roll in April 2023 had 244 entries following a revision of the data. Church attendance over Easter was 236 and over Christmas was 350. St Matthew’s School held five services in church: an Easter Service, the Annual Leavers’ Service, Harvest Festival, and two Christmas Services. St Matthew’s Preschool also held a Christmas Service in church. Wray Common School held a Christmas Service in church.

Review of the Year

PCC

The full PCC and the Finance and Standing Committee each met six times during the year. We welcomed Archdeacon Moira to the September meeting where she outlined the responsibilities of the PCC and introduced the “Charter of Respect” which we decided to adopt. Reports were received from Staff members; Health and Safety issues are discussed at every PCC meeting and addressed accordingly. The Safeguarding Policies, having been reviewed at the annual review, were formally approved and re-adopted at the first PCC meeting after the APCM. The PCC has also reviewed Mission Giving and agreed our Parish Support Fund Pledge.

Mission Action Planning

The Mission Action Planning Committee met a couple of times during 2023 and the main focus of these meetings was to discuss how best to engage the congregation in drawing up a new Mission Action Plan for the church. It was decided to launch this consultation process at a Sunday service and to ask for people’s opinions on a questionnaire. For a variety of reasons, the launch had to be postponed until early 2024, but the questionnaire is now ready. A lot of progress has been made in certain areas, particularly concerning inclusivity.

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’ St Matthew s Redhill - Mission Action Plan 2023

Area	Target	Actions	Progress	Success Criteria
1. Worship & Nurture Marks of Mission: To proclaim the Good News of the Kingdom To teach, baptise and nurture new believers	The nurture and inclusion of members of the congregation or local community who feel that there are barriers towards them being part of a church congregation	Join Inclusive Church	Achieved March 2023	St Matthew’s is listed on the Inclusive website so that local people know that they are welcome
		Facilitate a safe space in Redhill where members of the LGBTQ+ community of all ages can explore what it means to be a Christian and redefine their conceptions of “the church”.	Achieved – the café started in November 2023	The staff team can open up a dialogue with local members of the LGBTQ+ community and enable to explore what it means to be a Christian.
		Create an area within the body of the church where wheelchair users can sit with the rest of the congregation and be able to see and accessworship.	Consultation with wheelchair users carried out September 2023 Faculty application submitted.	A wheelchair space will be created in the main body of the church.
	To create an atmosphere of welcome to families who have children on the autistic spectrum.	Create an inclusive area that is supplied with resources to enable children and young people on the autistic spectrum to feel welcome in a church service without feeling threatened.	Consultation with relevant users carried out October 223 Faculty application submitted	An area of the church will be resourced and used.
	Foster an atmosphere of acceptance within the congregation to see children on the autistic spectrum as children of God and not a nuisance to be tolerated.	Become members of the Global Sunflower Network	£60 annual membership – to be completed early 2024	St Matthew’s is listed on the Sunflower website so that local people know that they are welcome
		To have a speaker at a 10 am communion service to explain the nature of autism and how to respond to anyone wearing a sunflower lanyard.	Time allocated in 2024	Members of the congregation with no previous knowledge of autism develop an understanding of how to best deal with people with autism.

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3. Environment Mark of Mission: To strive to safeguard the integrity of creation	To comply with the Church of England target to produce net zero carbon emissions by 2030	F&S to consider the document from the Archbishops Council and draw up list of priorities. CWs to consult Inspecting Architect	Not yet achieved	St Matthew’s will reduce carbon emissions
	To explore the possibility of installing solar panels on the church hall roof	Hold an initial meeting to ascertain where we can work together and draw up a planofaction	Meetings started in September 2023	St Matthew’s will benefit from a collaborative working party with other local churches.
4. Comms	Rejuvenation of the Church website	Comms. Group to meet and relevant content transferred from the old website.	Achieved – the new website is up and running.	All members of the church community and beyond will be aware of events, and services in a timely manner.

Online Resources

2023 has seen a change of focus for our online presence. Whilst online worship sessions have declined since we have been able to meet onsite, we continue to use our online presence as a means of outreach to the local community rather than just a means of advertising. The church website has undergone a complete refurbishment following a generous donation specifically for this purpose, and we are delighted with the response to the new look and feel. The Platform magazine team has continued to produce digital copies of the magazine throughout the year, although the number of contributors and readers has dwindled. Thanks to Tracey Jennings and Anne Currie for the online weekly news sheet, and to the Platform team: Tim Whittle, Mark Mann, and Margaret Philipson.

Inclusion and Outreach

One of the main focuses of 2023 has been inclusion. We joined Inclusive Church in March, members of the Staff Team joined other local churches at Reigate Pride and the Pride Café initiative is now up and running at the local Costa Coffee. Changes have been made to the format of the Sunday service sheets to include symbols to explain the significance of parts of the service to those who are new to the faith. We have also applied for a faculty to set up an inclusion area for children and young people with special educational needs, and an area for wheelchair users to sit within the body of the church.

St Matthew’s is a parish with outreach at its vision’s heart. In 2023 the services of the Foodbank continued to be much in demand, and we were delighted to host several well-being clinics and drop-in vaccination sessions run by NHS Alliance for Better Care. The Tuesday Group met twice a month and the Befriending Scheme continued to offer support where needed. Sadly, the St Matthew’s Youth Club closed in the Spring because the premises were no longer suitable. The sale of Cards for Good Causes raised over £5000 this year.

Our links with St Matthew’s School remain strong, with all our foundation Governors’ positions being filled; members of the staff team lead weekly collective worship sessions, and staff communion services are held half-termly.

The Thursday Lunchtime Music concerts restarted in the Autumn, and this has been well received in the local community. We continued to offer the church building to the Include Choir until they found more accessible premises in the Autumn Term, and the church continues to be used by local choirs and music groups.

This year the Winter Night Shelter was reopened and we were able to welcome clients on Sunday evenings from 17[th] December.

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Mission and Giving

Our Home Mission for 2023 was Away From It All and our Overseas Mission for 2023 was Ripple Effect, both of which received 25% of the proceeds from the Christmas Fair. The Children’s Society received the collection from the Christingle service and retiring collections from all other Christmas services were in aid of Renewed Hope Trust. We also supported Welcare, the Bishop of Southwark’s Lent Appeal, St Catherine’s Hospice, the Archbishop’s Joint Appeal for Jerusalem and Gaza, and Christian Aid.

Music

Our Director of Music, Melvin Hughes, continues to lead the choir as they enhance our Sunday worship. A monthly service of Choral Evensong was restarted in May, and the choir has grown numerically over the year.

Flowers

The flower team is thriving under the new leadership of Coral Edwards and the team has grown. They have continued to beautify the church, especially at major festivals.

General Maintenance Church Fabric

The usual regular maintenance, inspection and testing has been carried out during the year. We continue to work our way through recommendations made in the Quinquennial Report but a lack of availability of key contractors has held up this process. We have had a lot of problems with the sound system which were not resolved by the servicing of the equipment. We are very grateful to members of the congregation who have strived to improve the quality of sound during service, particularly Stephen Richardson and Sam Goddard, but we reluctantly concluded at the end of 2023 that some replacement items would be required. We commissioned an energy audit of both the church and the hall and will be using this data to improve the energy efficiency of both buildings. We also joined the national church energy basket so that we will benefit from any future energy tariffs negotiated by this national body.

Church Hall

The Hall continues to be a valuable asset in the community. The committee, ably chaired by Hugh Jones, continued to ensure that the hall is well-maintained. This year we increased the prices that we charge for hiring the hall and we also simplified the pricing structure into three categories: group 1: groups affiliated with St Matthew’s, group 2: charities, and group 3: commercial or private hire. This increase is the first since September 2017.

The old parish office was refurbished and is now a Meeting Room for small groups. Many thanks to all who helped with this, especially David Hill.

Wi-Fi was installed in the church hall and this has been welcomed by many clients.

External Areas:

Much-needed lighting was installed on the steps up to the hall and the passage leading to the disabled entrance. The car park spaces were repainted and we have been able to allocate three spaces for blue badge holders.

The Foodbank portacabins were removed in October and this has resulted in reclaiming eight parking spaces and a modest reduction in insurance.

Our gardening team continues to maintain and improve all the Church garden areas. Our thanks to all the volunteers who have assisted the gardening team during the year.

44, Ridgeway Road

The property passed all required inspections. Woodlands continues to manage the property on our behalf and it produces some much-needed income.

Safeguarding

With regard to the PCC's obligations to safeguard children and vulnerable adults, the members of the PCC confirm that they have complied with their duties under section 5 of the Safeguarding and Clergy Discipline Measure 2016.

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Financial review

2023 saw a change in personnel with the election of Ellen Maden as Hon Treasurer. Reviews of cash handling, banking and invoicing have been undertaken by members of the PCC with new processes and procedures implemented and working effectively.

In financial terms the year was fairly uneventful. The Foodbank is now almost fully transitioned to its new bank account with just a dozen donors continuing to donate via the church. There were no planned significant expenditure projects. Maintenance costs were 50% higher than budgeted, largely due to ageing equipment and rising inflation.

We appointed a new independent examiner for 2023. With the reduction in balances as a result of the Foodbank moving, we have transferred from accruals accounting to receipts and payments accounting.

Reserves policy

The PCC has determined that the charity should aim to hold unrestricted cash equivalent to at least 3 months' usual unrestricted expenditure (approx. £40k) so that the charity could continue to operate should income and / or expenditure vary adversely. At the year end, the charity held unrestricted cash of £46,541 and the charity is complying with its reserves policy.

Responsibilities of trustees

Charity law requires the PCC to prepare financial statements for each accounting year which record the receipts and payments of the charity for the year.

The PCC is responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable us to ensure that the financial statements comply with the Charities Act 2011.

We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities.

Approval

This report was approved by the trustees and signed on their behalf by:

Revd Anna Moore

Revd Anna Moore (Apr 30, 2024 20:42 GMT+1)

Rev’d Anna Moore

Date: Apr 30, 2024

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INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

PAROCHIAL CHURCH COUNCIL OF ST MATTHEW, REDHILL

I report to the trustees on my examination of the accounts of The Parochial Church Council of the Ecclesiastical Parish of St Matthew, Redhill ('the charity') for the year ended 31 December 2023 on pages 8 to 12 following.

Responsibilities and basis of report

As the trustees of the charity, the members of the PCC are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s 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:

1. accounting records were not kept in accordance with section 130 of the 2011 Act; or

2. the accounts do not accord with the accounting records.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Sarah Crispin Sarah Crispin (May 1, 2024 12:10 GMT+1)

Sarah Crispin ACA

Stewardship 1 Lamb's Passage LONDON EC1Y 8AB

Date: May 1, 2024

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PAROCHIAL CHURCH COUNCIL OF ST MATTHEW, REDHILL

RECEIPTS AND PAYMENTS ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2023

Notes Income receipts Voluntary receipts 2(a) Fundraising income 2(b) Church activities 2(c) Investment income 2(d) Total receipts Payments Church activities Parish share Clergy and staffing costs 3(a) 3(b) 3(c) 4 5 Total payments Transfers between funds Net movement in funds Cash funds as at last year end Cash funds at this year end A Net of receipts / (payments) before transfers Mission giving and donations Church running expenses Hall running costs Fundraising expenses	General Designated Funds Funds £ £ 104,370 1,013 390 7,256 43,597 - 15,438 - 163,795 8,269 93,000 - 18,887 - 40,157 568 21,081 3,035 173,124 3,603 67 - 1,787 300 174,978 3,903 (11,183) 4,366 2,230 (2,390) (8,954) 1,976 46,043 35,649 37,089 37,625 Unrestricted Funds	Restricted Funds £ 23,439 - 132 - 23,571 - - 3,295 5,764 9,059 - 4,266 13,325 10,246 160 10,406 22,096 32,502	2023 £ 128,822 7,646 43,729 15,438 195,634 93,000 18,887 44,020 29,880 185,786 67 6,352 192,206 3,428 - 3,428 103,788 107,216	2022 £
				214,797 10,462 37,398 15,965
				278,622
				91,000 18,967 37,867 28,286
				176,120 65 249,176
				425,361
				(146,739) -
				(146,739) 250,527
				103,788

The notes on pages 10 - 12 form part of these accounts.

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PAROCHIAL CHURCH COUNCIL OF ST MATTHEW, REDHILL

STATEMENT OF ASSETS AND LIABILITIES

FOR THE YEAR ENDED 31 DECEMBER 2023

A Cash funds Cash at bank with immediate access Petty cash B Other monetary assets Gift aid due to charity Other debtors Prepayments C Liabilities Falling due within one year Taxes due Fee for Independent Examination Accrued expenses		General Designated funds funds £ £ 37,089 37,625 - - 37,089 37,625 7,555 - 1,741 - 4,905 - 14,201 - 300 - 1,620 - 3,021 - 4,941 - Unrestricted Funds	Restricted funds £ 32,502 - 32,502 - - - - - - - -	2023 £ 107,216 - 107,216 7,555 1,741 4,905 14,201 300 1,620 3,021 4,941	2022 £
		General funds £ 37,089 - 37,089 7,555 1,741 4,905 14,201 300 1,620 3,021 4,941
					103,727 61
					103,788
					6,000 901 4,012
					10,913
					100 - -
					100

D Assets retained for charity's own use

Assets include:

PA equipment Computers and IT Grand piano

Consecrated property, beneficed property and moveable church furnishings which require a special faculty for disposal are excluded from the above list of charity assets.

E Investment assets

Investment property	(optional) Cost £ 6,575 6,575	(optional) Current value £
		-

The investment property is a semi-detached property at 44, Ridgeway Road, Redhill and was purchased prior to 1970.

The accounts were approved by the trustees and signed on their behalf by:

Revd Anna Moore

Revd Anna Moore (Apr 30, 2024 20:42 GMT+1) _____Rev’d Anna Moore

Date: __ Apr 30, 2024

The notes on pages 10 - 12 form part of these accounts.

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PAROCHIAL CHURCH COUNCIL OF ST MATTHEW, REDHILL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

1 Accounting policies

The accounts have been prepared on a receipts and payments basis and comprise a statement that shows the charity's receipts and payments, a statement that summarises the charity's assets and liabilities and related notes. The accountancy profession have determined that only accounts prepared in accordance with applicable accounting standards present a 'true and fair' view and, as these receipts and payments accounts have not (and cannot) be prepared in accordance with accounting standards, these accounts do not present (and are not intended to present) a 'true and fair' view of the charity's financial activities and state of affairs.

In the previous year the charity's income exceeded £250,000 and the charity was obliged to prepare its accounts on an accruals basis. As the charity's income is now less than £250,000, it has taken advantage of the option to prepare its accounts on a receipts and payments basis and the results reported previously have been restated; further information is given in note 8 below.

General funds are unrestricted funds which are available for use at the discretion of the PCC in furtherance of the general objectives of the 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 specific activities or projects.

2 a) Voluntary income Regular giving Collections Other grants Other donations Gift aid recovered b) Fundraising income Car park fees Parish magazine - advertising Christmas Fair c) Church activities Fees for weddings and funerals Lettings for community use d) Investment income Property rental income	Unrestricted Fun General funds £ 71,091 10,929 - 8,103 14,246 104,370 - 390 - 390 466 43,131 43,597 15,438 15,438	ds Designated funds £ 280 - - 733 - 1,013 7,256 - - 7,256 - - - - -	Restricted Funds £ 9,494 25 11,916 - 2,004 23,439 - - - - - 132 132 - -	Total 2023 £ 80,865 10,954 11,916 8,836 16,250 128,822 7,256 390 - 7,646 466 43,263 43,729 15,438 15,438	Total 2022 £
					158,026 3,389 2,201 22,607 28,574
					214,797
					9,360 330 772
					10,462
					2,182 35,216
					37,398
					15,965
					15,965

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PAROCHIAL CHURCH COUNCIL OF ST MATTHEW, REDHILL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

3 a) Clergy and staffing costs Cost of payroll Clergy expenses	Unrestricted Fun General funds £ 17,495 1,391 18,887	ds Designated funds £ - - -	Restricted Funds £ - - -	Total 2023 £ 17,495 1,391 18,887	Total 2022 £
					14,226 4,741
					18,967

Rev’d Anna Moore (who is a clergy member of the PCC) receives a stipend from the Diocese; the cost of this stipend is not included in the above payroll cost however it should be noted that some of the Parish share is used to help pay the stipend. Rev’d Anna Moore was provided with accommodation (which is customary for clergy) and incurred expenses whilst serving as clergy and these costs are also disclosed in the above note.

b) Church running costs Organ and other music costs Cost of services Children and youth ministry Other ministry expenses Insurance Parish office incl telephone & IT Church running costs Major repairs to church c) Other premises running costs Hall running costs 44 Ridgeway Road expenses 4 Fundraising expenses Giving envelopes 5 Mission giving and donations Foodbank at St Matthew's Other giving	790 1,579 2,574 678 5,594 4,271 24,670 - 40,157 20,640 441 21,081 67 67 - 1,787 1,787	- - 29 509 - 30 - - 568 3,035 - 3,035 - - - 300 300	379 - 780 - - 78 358 1,700 3,295 5,764 - 5,764 - - 4,266 - 4,266	1,169 1,579 3,383 1,188 5,594 4,379 25,028 1,700 44,020 29,439 441 29,880 67 67 4,266 2,087 6,352	3,205 3,155 286 386 5,349 3,434 22,052 -
					37,867
					27,900 386
					28,286
					65
					65
					238,136 11,040
					249,176

6 Transactions with related parties

Julia Elfred, who is a member of the PCC, received employment benefits totalling £10,874 for providing administrative services to the charity.

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PAROCHIAL CHURCH COUNCIL OF ST MATTHEW, REDHILL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

7 Movement on designated, restricted and endowment funds

General funds Designated funds Youth resources Vicarage Hall Fabric Social Choir Coffee Shop Restricted funds Foodbank Redevelopment Church organ Grants Total funds	Opening balance £ 63,431 555 3,039 28,591 247 827 2,390 35,649 935 18,560 1,484 1,117 22,096 121,176	Change of basis (note 8) £ (17,388) - - - - - - - - - - - - (17,388)	Receipts £ 163,795 - - 7,656 613 - - 8,269 19,988 - 25 3,558 23,571 195,634	Payments £ (174,978) - - (3,319) (584) - - (3,903) (10,030) (1,700) (379) (1,216) (13,325) (192,206)	Transfers £ 2,230 - - - - - (2,390) (2,390) 160 - - - 160 -	Closing balance £ 37,089 555 3,039 32,928 276 827 -
						37,625
						11,053 16,860 1,130 3,459
						32,502
						107,216

Designated Funds are set aside by the trustees for particular activities or future costs. The balance on the coffee shop fund was transferred back to General during the year as this activity has ceased.

Restricted Funds

The Foodbank fund represents donations received which are restricted to 'The Foodbank at St Matthew's' and costs incurred on their behalf. The Revelopment fund is for costs associated with redeveloping the church site. The Church organ fund is for maintenance of the church organ The Grants fund represents grant income received for specific activities.

8 Reconciliation with previously reported funds

As explained in note 1 'Accounting Policies' , in the previous year the charity prepared its accounts using the accruals basis; in the current year the charity's income was less than £250,000 and the charity has taken advantage of the option to prepare its accounts on a receipts and payments basis. The comparatives presented in these accounts have been re-stated using the receipts and payments basis and a correction has also been made for the bank balance figure which was incorrectly stated in previous years. A reconciliation with the reserves and results reported previously follows:

Reconciliation of reserves

Reconciliation of reserves
Previously reported reserves, at 31 December Adjustments arising from use of receipts and payments basis: Exclusion of previously included fixed assets Exclusion of previously included debtors Exclusion of previously included creditors Correction for historic cash error Re-stated reserves, at 31 December Previously reported results Adjustments arising from use of receipts and payments basis: Previously capitalised expenditure, less depreciation, now expensed Excluded movements in debtors resulting in the recognition of more / (less) income Excluded movements in creditors resulting in the recognition of less / (more) expenditure Re-stated results Reconciliation of results	2022 £ 115,323 (6,575) (10,913) 100 5,853 103,788 2022 £ (141,126) - (5,713) 100 (146,739)	2021 £ 256,449 (6,575) (5,200) - 5,853
		250,527

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