2022-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of Leatherhead

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Rules.
During the	year the		following	served as members		of the PCC;
Incumbent:				The Revd William Perry (installed 31"August 2022)			Chairman
Associate	Minister:			The Revd Tom Hill (licensed 31"August 2022)
Churchwardens:
				john Swanson	(resigned lu November 2022)
				Anne Thomson	(lay Vice-Chair)
Assistant	Warden:
				Sheila Sutherland
Representatives		on Deanery Synod:
				Sheila Cole
				Susan Roberts
Elected members:			(period	left to serve)
One year:				Linda Hauxwell
				Veronica Kay

Por the year ended 3	1Decembe	r 2022
				Unrestricted	Designated	Restricted	Total	Tote I
			Notes	FundsI	Funda E	Funds 6	2022 6	2021 F.
INCOME AND ENDOWMENTS
Donations, legades, grants			fia	129,396	76,359	70,423	276,178	121,913
Charitable activities			5b	9,725			9,725	1,443
Other tradmg activities			5c	54,344			54,344	50,460
investments			50	13,939		2,450	16,389	17,281
TOTAL INCOME				207,404	76 359	72,873	356 636	191098
EXPENDITURE
Charitable a«tlvltles				721			721	4,105
Other expenditure			66	174,347	28,295	115,455	318,097	156,182
Raising funds			6c
TOTAL EXPENDITURE				~175068	~28 295	~115455	~338818	~160287
NET INCOME/(EXPENDITURE)				32,336	48,oa4	(42,582)	37,818	30,811
NET GAINS/(LOSSES)	ON INVESTMENTS
Other fixed investments						(13,680)	(13,680)	17,379
NFT INCOME/(EXPENDITURE)		AFTER NET
GAINS/(LOSSES) ON	INVLSTMLNTS			32,336	48,064	(56,262)	24,138	48,190
TRANSFERS BLTWLLN FUNDS
NET MOVEMENT IN FUNDS				32,336	48,064	(56,262)	24,138	49,190
RESERVLS BROUGHT	FORWARD AT
I 3ANUART 2022				46,688		540,743	587,431	539,2'll
RESERVESCARRIED FORWARD 31DECEMBER 1022		AT		~79024	~48 064	~484 481	~611569	~587 431

R si t~d my	i	t131607
BALANCE SHEET
As at 31December	1022
				Unrestricted	Designated	Asstricted	Total	Total
			Notes	Funds	Funds	Furr cia	207.2	2021.
				6	8	6	5	E
FIXED ASSETS
Fixed asset Investments
investment property						375,000	375,000	375,000
Other investment assets						86,317	86,317	124,997
					0	~46L 317	451,317	~499997
CURRENT ASSETS
Stock				0	0	0	0	122
Debtors				13,484	0	63,432	76,916	87,892
Short term deposits				0	0	19,876	19,876	19,618
Cash at bank and In hand				94,112	48,064	29,856	172,032	104,170
				107,596	48,084	IL3,164	2d8,814	211,802
LIABILITIES: AMOUNTS
PALLING DUE WITHIN		ONE
YEAR				28,572	0	0	28,572	34,368
NET CURRENT ASSETS				79,024	48,064	113,164	240,252	177,434
LIABILITIES; AMOUNTS
FALLING DUL AFTLR MORE THAN
ONE YEAR				0	0	90,000	90,000	90,000
NET ASSETS				~79024	~48 054	~454 4SI	~dtt 569	~587431
FUNDS
INCOME FUNDS
General unrestricted funds Designated unrestricted funds			ll II	79,024 0	0 48,064	0 0	79,024 48,064	46,688 0
Restricted Inmme i'unde			loikl I	0	0	484,481	484,481	540,743
				~79 024	~48 064	~484 481	~611S59	~557 431

a)	Accounting	conventio	conventio	n
	The financial	statements			have	been		prepared In accordance with 'Accounting and Reporting by Chantles: Statement of Recommended
	Practice apphcable to		charities				preparing			their accounts In accordance with the Flnandal Reporting Standard	appgcable in the UK		and Repubgc
	of Ireland (FRS 102)(Second					Edition)'				and the Finanoal Reporting Standard applkable In the United Kingdom and Republic		of Ireland		(FRS
	102) and the Charities			Act 2011and					UK Generally Accepted Practice as It applies from I Ianuary 2015.
	The financial	statements			have	been		prepared to give a 'true and fair' view and have departed from the Charities (Accounts				and Reports)
	Regulations	2008 only	to		the extent required to provide a 'true and fair vlewt This departure has involved fogowlng 'Accounting and
	Reporting by Charities:			Statement				of	Recommended Practice applicable to charities preparing their accounts		In accordance	with the Flnandal
	Reporting Standard appgcabie					in the			UK and Republic of Ireland (FRS 102) (Second Edition)'rather than the		Accounting and Reportin			by
	Charities; Statement		of Recommended							Practice effective from 1 Apnl 2003 which has s nce been withdrawn.
b)	Definitions	used ln	this		section:					"SoFA' means the Statement of Financial Affairs / Hnancial Statements
										"PCC"means the Parochial Church Council of the Ecclesiastical Parish of Leatherhead
c)	Incoming Resources
	Recogmtlon	of mcome								These are included In the SoFA when the PCC becomes entitled to	the resources	and the PCC view
										the receipt the resources as probable and the monetam value can	be measured	with sumclent
										regabihty.
	Income with	related expenditure								Where Incoming resources are deemed the property of the PCC and have related		expenditure			(as
										with fund raising or contract income) the incommg resources and	related expenditure,		unless
										otherwise stated, are each reported gross in the SoFA. However,	where there is	a flow	through			of
										funds, e.g. where funds are raised for a third party and then fully	paid out to that third		party,		then
										neither the Income (which Is not the property ofthe PCC) nor the	expenditure are reflected			In		the
										SoFA.
	Grants and donations									Grants and donations are only Included within the SoFA when the	PCC has unconditional
										entitlement to such resources.
	Legacies									Legacies are recognised when the PCC Is notified of Its legal entitlement following		grant	of probate
										and is notified oF the amount due and the settlement date.
	Tax reclaims	on donations			and		gifts			Incoming resources from tax reclaims are included ln the SoFA at	the same time	as the gift		to
										which they relate.
	Investment	Income								Investment income Is included in the financial statements when receivable.
	Investment	gains and	losses							This includes any gain or loss on the sale of Investments or any gain or toss resultmg from
										revaluing Investments to market value at the year end.
d)	Expenditure	and Llabffltles				Recognltlon
	Llabgitles recognltlon									Liabgities are recognised as soon as there Is a legal or constructive	obhgaUon commitbng the PCC
										to pay out resources.
	Grants payable without			performance						These are only recognised ln the SoFA when a commitment has been made and		there are no
	conditions									conditions to be met relatmg to the grant which renialn In the control of the PCC
	Irrecoverable	VAT								Non recoverable VAT is attributed to the relevant expense.
	Costs ofgenerating funds									Costs ofgenerating funds are fund raising and pubgclty
	Chantable activities									Charitable activities are expenditure on the mission
	Governance	costs								Governance costs Indude legal and other professional fees.
	SUpport costs									Support costs are the costs of Church management and administration Ag such		costs	have	been
										allocated to activities directly relating to the work ofthe Church.
e)	Flnanclallnstruments									The PCC only has Rnanclal assets and ffnandal liabilities of a kind	that qualify as	basic Instruments.
										Basic financial Instruments are inltlagy recognised at transaction value and subsequently			measured				at
										their settlement value.

	f)	Assets
		Freehold	land and	These properties are valued based upon	the	latest valuation available to the PCC.
		buildings
		Tangible	fixed assets	These are capitafised Ifthey can be used for		more than one year and cost		at least 61	000. They are
		for use by the PCC		valued at cost or, If gfited, at the value	to the PCC on receipt.
		investments		Investments quoted on a recognised stock exchange or Investment funds				are valued	at	market	value		at the
				end of the year.
		Stocks		These are valued at the lower of cost or market value.
	p)	Funds		General unrestricted funds represent general purposes ofthe PCC;	the	Income funds of the PCC that		are avafiable		for spending			on the
				Designated unrestricted funds represent		funds earmarked by the PCC		for specific	purposes.
				Designated Funds are still legally unrestricted		and can be 'undesignated"		by the PCC	and used		for other
				purposes at any time; in the 2022 accounts		they represent the "start-up'		funds recived from			the Church
				Revitallsatlon Trust.
				Restricted Income funds are income	funds	that must be spent on restricted purposes.				Details of
				Restricted Funds are shown in notes 10 and		11;
	h)	Going concern		The trustees consider that there are no	material uncertainties about the		Church's abihty			to continue			as a
				going concern, thus the PCC continues	to adopt the going concern basis		of accountmg		in preparing			the
				financial statements.
2	STAFF COSTS					2022 E		2021I
	Salaries					47,024		39,834
	Social Security costs					0		0
	Pension costs					834		463
						~47 858	~40 297

NO for	TES TO THE FINANCIAL STAT the year ended 31December	TES TO THE FINANCIAL STAT the year ended 31December	TES TO THE FINANCIAL STAT the year ended 31December	TES TO THE FINANCIAL STAT the year ended 31December	EMENTS 2021
5	INCOME AND ENDOWMENTS						Uhi'asti'Icted FundsI	Designated FundsI	ReetrlCted FundsI	Total 2022 E	Total 2021I
5a	Donations and	legacies
	Planned giving -	Gift Aid					58,478	0	61,598	120,077	71,473
	Income tax recoverable on		Gift		Aid		7,392	0	8,825	16,217	17,329
	Other planned giving						18,234	0	0	18,234	19,596
	Non covenanted	collections	(open plate) at all			services	4,696	0	0	4,696	4,210
	Sundry donations	including	gift		aid		544	0	0	544	8,257
	Legacies/ Grants						40,052	76,359	0	116,411	1,049
							~129395	~76359	70 423	276 179	121914
5b	Charitable activities
	Fund raising events						9,725	0	0	9,725	1,443
							~9725	0	0	~9725	~1443
5«Other trading activities
	Magazines						0			0	0
	Church Hall lettlngs etc.						32,600			32,600	22,157
	Rent and related	utglty costs		-	Ag Saints Hall
	- Youth ProJect						12,500			12,500	12,500
	Fees:	P.C.C					5,576			5,576	3,820
		Churchyard					3,668			3,668	5,872
		Diocese					0			0	6,111
							~54 344	0	0	~54 344	~50460
5d	Investments
	Dividends and Interest including				any reclaimed	tax	419		2,450	2,869	3,761
	Woodbridge rental lcome -		net		of agent fees		13,520	0	O	13,520	13,520
							~1393S	0	~2 450	~16389	~27 281
	TOTAL INCOME	AND ENDOWMENTS					~207 404	~76359	~72 873	~356637	~291098

6	EXPENDITURE	EXPENDITURE	EXPENDITURE	EXPENDITURE										Unrestricted	Designated	Restricted	Total	Total
														FundsI	FundsI	Funds E	2022I	2021I
6a	Charitable		activities
	Missionary		and		charitable	giving church			overseas			(Note 4)		0			0	0
	Home mission/other church societies (Note 4)													721			721	4, 105
	Training	grants			and books									0			0	0
														721	0	0	721	~4105
6b	Other expenditure
	MinlstrN				Parish Share									87,454	0	0	87,454	17,034
					Clergy expenses (Rector)									3,790	0	0	3,790	3,135
					Other clergy		costs							0	0	0	0	0
					Locums									2,559	0	0	2,559	0
					Chgdren's Church									0	0	26,554	26,554	21,497
					Diocese	fees								276	0	0	276	6,111
	Church:				Running,	repair and		maintenance					expenses	15,540	0	0	15,540	19,111
					Bells/Organ		repairs	and		maintenance				0	0	0	0	0
					Making	History Church				redevelopment				0	28,295	88,901	117,196	24,610
	General:				Magazine md bookstall									0	0	0	0	0
					Balance	and	honoraria
					Youth	work	(LYP)							0			0	8,395
					Other									18,135			18,135	21,091
					Upkeep	of churchyard								9,556			9,556	9,199
					Upkeep	of services								2,631			2,631	1,604
					Woodbrldge		property		maintenance				and repairs	1,935			1,935	3,030
					Support	costs for the			Church		(Note 14)			32,471			32,471	21,364
														~174347	~28295	~II5 45S	~318097	~ISB182
6c	Raising	funds
	Costs ol	fund		ralsmg events										0	0	0	0	0
																	0	0
	TOTAL EXPENDITURE													~175068	~28 295	~115455	~SIS818	~160187

ES TO THE FINANCIAL STATEMENTS he year ended 31December 2022	ES TO THE FINANCIAL STATEMENTS he year ended 31December 2022
RESTRICTED INCOME FUNDS		2022I	2021I
The Restricted Income Funds comprise the fogowlng:
Curate's House (Woodbrldge	Avenue)	375,000	375,000
Parish Church Repair Fund		3,398	3,398
Parish Church Garden of Remembrance		7,464	7,464
Organ Restoration		7,934	7,934
Poplar Road Fund		54,970	54,074
New Future		53,174	53,174
Vs)on 2020 Making History		(105,203)	(86,725)
Hardship Fund		1,427	1,427
		398,164	415,746
CBF unit Investment: Poplar	Road (Note 7)	86,317	124,997
Total		~484 481	~540 743

					Balance at	Incoming	Outgoing	Transfers/	Gains end	Balance st
					~tart ofyearI	resourcesI	resources E	Reclesslflcedon I	losai54I	year endI
	Unrestricted Funds
	General unrestricted				46,688	207,404	(175,068)			79,024
	Total Unrestrl*ed		Funds		48 688	~207 404	~175068	0	0	~79024
	Designated Funds
	New Future / Vision	2020			0	76,359	(28,295)		0	48,064
	Total Designated	Funds			0	~76359	~28 295	0	0	48 064
	Restricted Funds
	Curate's House (Woodbrldge			Avenue)	375,000					375,000
	Parish Church Repair		Fund		3,398					3,398
	Pansh Church Gaiden
	of Remembrance				7,464	0	0	0	0	7,464
	Organ Fund				7,934	0	0	0	0	7,934
	Poplar Road Fund				179,071	2,450	(26,554)	0	(13,680)	141,287
	New Future				53,174	0	0	0	0	53,174
	Vision 2020 Making	History			(86,725)	70,423	(90,132)	1,231	0	(105,203)
	Hardship Fund				1,427	0	0	0	0	1,427
	Total Restricted Funds				~540 743	~72 873	~116886	~1231	~13680	~484 481
	Total Funds				~587431	~356 636	~320 049	~1231	~23680	~611569
12	ANALYSIS OF NET		ASSETS BY FUND			Unrestrkted	D4sIgxiiited	Restricted	Total	Total
	GROUPING					FundsI	FundsI	Funds 8	2022I	2021I
	Fixed Assets					0	0	375,000	375,000	375,000
	Investments					0	0	86,317	86,317	124,997
	Current Assets					107,596	46,064	113,164	268,824	211,802
	Current Llabgltles					(28,572)	0	0	(28,572)	(34,368)
	Long Term Uabgitles					0	0	(90,000)	(90,000)	(90,000)
	Funds balances					79024	48064	484 481	~621569	~587431

he year ended 31December 20	he year ended 31December 20	22	22	22
FURTHER DETAILS OF GRANTS		AND DONATIONS			MADE		2022			2021
FROM BOTH RESTRICTED AND	UNRLSTRICTED			FUNDS			UK E	Over'seas I		UK I	Oversees I
BIshop of Guddford's appeal							531			0
Epsom tl Eweg Foodbank							140			0
BOtt t de							50			0
Leatherhead Youth Project							0			4,105
Note: monies from Xmas cogectlon		wgl be paid	In 2023				721		0	4 105	0
SUPPORT COSTS FOR THE CHURCH						Unrestricted	Designated	Restricted		Tote I	Tote I
						Fulttls E	FundsI	Funds E		2022I	2021 E
Church Hall running costs (including		salaries)				23,318				23,318	11,321
Printing and stationery, post etc.						5,846				5,846	5,633
Bank charges and loan interest						177				177	193
Independent examination						2,940				2,940	2,700
Other accountancy fees						0				0	0
Legal and Other Protesslonatfees						190				190	1,236
Other						0				0	281
						32471	0		0	32 471	21364
LEASES
At the reporting date the Church	had the fogowlng			minimum		lease payments under	non-cancegable	operating	leases	(for equipment)	which
fall due as follows;
										2022 E	2021 I
Expiring ln less than one year										0	4,080
Expnn9 ln two to hve years										0	0
										0	~4080
ANALYSIS OF PRIOR YLAR TOTALS						Unrestricted	Designated	Restricted			Total
						Funds E	Funds E	FuhdsI			2021I
INCOME AND ENDOWMENTS
Donations and legacies Charitable activities						99,724 1,443		22,190 0			121,914 1,443
Other trading activities Investments						50,460 13,597		0 3,684			50,460 17,281
						~165 224	0	25,874			~191098
EXPENDITURE
Charitable a*lvtttes						4,105			0		4,105
Other expenditure Raising funds						110,075 0		46,	107 0		156,182 0
						114,180	0	46,	107		~160287