| Forthe year ended 31Decemb | er 2022 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Funds | ||
| Notes | Funds f |
Funds f |
Funds f |
2022 f |
2021 f |
|
| INCOMING RESOURCES | ||||||
| Voluntary Income |
2a | 109,831 | 1,395 | 111,226 | 79,665 | |
| Income from Church Activities | 2b | 21,200 | 9,091 | 30,291 | 21,097 | |
| Activities for Generating Funds |
2c | 9,333 | 0 | 9,333 | 1,931 | |
| Investment Income |
2d | 21,799 | 250 | 22,049 | 18,907 | |
| Total Incoming Resources | 162,163 | 10,736 | 0 | 172,899 | 121,600 | |
| RESOURCES EXPENDED | ||||||
| Fund Raising Expenditure | 3a | 332 | 0 | 332 | 103 | |
| Expenditure on Church Activities |
3b | 154,114 | 13,522 | 167,636 | 148,168 | |
| Other Expenditure | 3C | 2,126 | 0 | 2,126 | 7,906 | |
| Total Resources Expended | 156,572 | 13,522 | 0 | 170,094 | 156,177 | |
| NET RESOURCES BEFORETRANSFERS | 5,591 | -2,786 | 0 | 2,805 | -34,577 | |
| TRANSFERS BETWEEN FUNDS | ||||||
| Miscellaneous Transfers |
5 | -3,103 | 3,103 | 0 | 0 | 0 |
| Total Transfers | -3,103 | 3,103 | 0 | 0 | ||
| NET INCOMING/(OUTGOING) | RESOURCE | 2,488 | 317 | 0 | 2,805 | -34,577 |
| GAINS 8 LOSSESON FIXEDASSETS | ||||||
| On Disposal of Investmt Assets | 0 | 0 | 0 | |||
| On Valuation ofInvestments | 6d | -3,330 | -3,330 | 83,540 | ||
| On Valuation ofOther Assets | 6a | 0 | 0 | 0 | ||
| Total Gains/Losses | 0 | 0 | -3,330 | -3,330 | 63,540 | |
| NET MOVEMENT IN FUNDS |
2,488 | 317 | -3,330 | -525 | 48,963 | |
| Fund Balances Bt Fwd 01Jan | 987,012 | 9,638 | 28,289 | 1,024,939 | 975,975 | |
| Fund Balances Crd Fwd 31 Dec | 989,500 | 9,954 | 24,959 | 1,024,414 | 1,024,939 |
| BALANCE | SHEETAS AT31 | DECEMBER, 2022 | |||
|---|---|---|---|---|---|
| Notes | 31Dec 2022 | 31Dec 2021 | |||
| FIXEDASSETS | |||||
| Tangible Fixed Assets | |||||
| Buildings - Investment | 5a | 840,000 | 840,000 | ||
| Canon Mantle Lodge | 5b | 0 | 0 | ||
| Buildings - Functional | 5c | 400 | 400 | ||
| Fixtures and Fittings | 0 | 0 | |||
| Investments/Long Term Deposits |
|||||
| Endowment | 5d | 24,959 | 28,289 | ||
| 865,359 | 868,689 | ||||
| CURRENT | ASSETS | ||||
| Debtom | |||||
| Advance Payments | 1,145 | 365 | |||
| Debtors - Accounts Receivable | 6a | 1,416 | 4,348 | ||
| Debtors - Planned | Giving Gift Tax Claimed | 3,671 | 3,214 | ||
| 6,232 | 7,927 | ||||
| Cash at Bank plus Short Term deposris | |||||
| Interest bearing current accounts | 37,605 | 15,606 | |||
| Diocesan Repair Fund (Quinquennial) | 111,880 | 103,982 | |||
| Diocesan savings | accounts | 16,736 | 36,562 | ||
| 166,221 | 156,149 | ||||
| 172,453 | 164,077 | ||||
| CURRENT | LIABILITIES | ||||
| Creditors Due Within One Year | 6b | (11,396) | (7,322) | ||
| Income Received | in Advance | (2,003) | (505) | ||
| Provisionals and Accruals |
6c | ||||
| (13,399) | (7,827) | ||||
| NET CURRENT ASSETS | 159,055 | 156,250 | |||
| LONG TERIN LIABILITIES | |||||
| NET ASSETS | 1,024,414 | 1,024,939 | |||
| FUNDS | |||||
| Unrestricted | 7a | 17,613 | 7,328 | ||
| Unrestricted Designated |
7b | 971,888 | 979,684 | ||
| Restricted | 7c | 9,954 | 9,638 | ||
| Endowment | 7d | 24,959 | 28,289 | ||
| 1,024,414 | 1,024,939 |
| 1 | ACCOUNTING POLICIES |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| These Financial Statements have been prepared on an accruals basis in accordance |
with the | Church | Accounhng | Regulations | |||||||||
| 2006together with the Statement ofRecommended Prackca:"Accounting and Reporting by |
Cha nb as" (SORP2015 effective | ||||||||||||
| from January 2015),UK Accounting standards and Charily Act2011. |
|||||||||||||
| The financial statements have been prepared under the historical cost convention |
except for the valuation | ofinvestment | assets, | ||||||||||
| which are shown at market value They do not include the accounts ofchurch groups |
that owe their main | affiliation | to another | ||||||||||
| body, nor those that are informal gatherings of church members |
|||||||||||||
| Funds | |||||||||||||
| General funds represent the funds ofthe PCC that are not subject to any restricfions | regarding | their use | and are | available for | |||||||||
| application on the general purposes ofthe PCC. Funds designated for a particular |
purpose bythe PCC are also |
unrestncted. | |||||||||||
| Restncted funds represents funds received for a specific object and may only be used |
for that | oblect. | Endowments | funds are | |||||||||
| funds the caprial ofwhich must be maintained. Only income arising from investments |
ofthe endowment | may be | used either as | ||||||||||
| restricted or un restncted funds depending on the purposes for which endowment |
was | established. | |||||||||||
| Grants and legacies to the PCC are accounted for as soon as the PCC is nokTied | ofris legal entitlement | and the amount | due is | ||||||||||
| quantifiabls and ris receipt is reasonably certain. |
|||||||||||||
| Voluntary income and capital sources |
|||||||||||||
| Collections are recognized when received by or on behalf ofthe PCC. |
|||||||||||||
| Planned giving receivable under Gift Aid is recognized only when received |
|||||||||||||
| Income tax recoverable on Gift Aid donations is recognized when claimed from the |
HM Inland | Revenue | and Customs | ||||||||||
| Other Income | |||||||||||||
| Rental income from the lelkng ofthe church premises is recognized when rental received. |
|||||||||||||
| Income from investments | |||||||||||||
| Dredends and interest are accounted forwhen receivable. Any tax recoverable on |
such income is recognised in the |
same | |||||||||||
| accounting Year. |
|||||||||||||
| Gains and losses on investments | |||||||||||||
| Realized gains or losses are recognized when investments are sold. |
|||||||||||||
| Unrealized gains or losses are accounted for on revaluation ofinvestments at31st |
December. | ||||||||||||
| Resources Used | |||||||||||||
| Grants and donations are accounted for when paid over, orwhen awarded, ifthat |
award creates a binding | obigation | on | the | |||||||||
| Activities directly relating tothe work ofthe Church | |||||||||||||
| The diocesan quota or parish share is accounted for when payable. Any quota unpaid |
at 31stDecember | is provided | for | in | |||||||||
| these financial statements as an operational (though not a legal) liability and is shown |
as a creditor in the |
Balance | Sheet | ||||||||||
| Other Expenditure | |||||||||||||
| Other expenditure is recognised when incurred and is accounted for gross |
|||||||||||||
| Fixed Assets | |||||||||||||
| Depreciation on fixed asset properties has not been provided in these accounts as |
any | charge | to be not | material, | on | the basis | |||||||
| that the asset has either, a veiy long useful life; or a residual value, based on its current | value, | which is | not | materially | different | ||||||||
| from its carrying value. | |||||||||||||
| Consecrated property and movable church furnishings |
|||||||||||||
| Consecrated and bene(iced property is not included in the accounts in accordance |
wrih s 96(2)(a)ofthe | Charibes | Act2011. | ||||||||||
| Movable church furnishings held by the Vicar and Churchwardens on special trust |
for | the PCC, snd which | require | a | faculiy for | ||||||||
| disposal, are accounted as inalienable property unless consecrated. For inalienable |
property acquired | pnor to2000 | there is | ||||||||||
| insufficient cost information available and therefore such assets are not valued in the linancial statements. |
Items acquired | since | |||||||||||
| 1stJanuary 2000 have been caprialised and depreciated over their currently anbcipated |
useful | economic | lrie on a | straight | fine | ||||||||
| Other fixtures, fittings and office equipment | |||||||||||||
| Items with a purchase pnce in excess of51,000 have been capitalised in the year ofpurchase |
and depreciated over |
their | useful | ||||||||||
| Iwes at a rate of25% per annum on a straight line basis |
|||||||||||||
| Investments | |||||||||||||
| Investments are valued at market value at 31stDecember |
|||||||||||||
| Current assets | |||||||||||||
| Amounts owing to the PCC at 31stDecember in respect offees, rents or other income |
are shown as debtom less | provision | for | ||||||||||
| amounts that may prove uncollectable. | |||||||||||||
| Short term deposits include cash held on deposit either with the CBFChurch of England Funds or at the |
bank. |
| 2 | INCOMING RESOURCES | INCOMING RESOURCES | Unrestricted | Restricted | Total | Funds | |
|---|---|---|---|---|---|---|---|
| Funds | Funds | 2022 | 2021 | ||||
| 6 | 6 | 6 | 6 | ||||
| 2a | VOLUNTARY INCOME |
||||||
| Planned Giving: |
|||||||
| Gift Aided Donations | 49,022 | 49,022 | 49,019 | ||||
| Other Donations | 13,022 | 13,022 | 11,580 | ||||
| Gift Aid Tax Recovered | 13,225 | 13,225 | 12,809 | ||||
| Collections at all Services | 7,608 | 7,608 | 3,271 | ||||
| Special Appeals | 0 | 0 | |||||
| Sundry Donations |
280 | 280 | 180 | ||||
| Donations and Appeals |
21,884 | 1,115 | 22,999 | 2,806 | |||
| Legacies and Bequests | 3,014 | 3,014 | 0 | ||||
| Grants | 2,056 | 2,056 | |||||
| 109,831 | 1,395 | 111,226 | 79,666 | ||||
| 2b | INCOME FROM CHURCH ACTIVITIES | ||||||
| Magazine Contributions |
467 | 467 | 440 | ||||
| Magazine Adverts |
100 | 100 | 100 | ||||
| Letting Church Hall/Building |
9,269 | 9,269 | 4,253 | ||||
| Fees Received | 11,364 | 11,364 | 9,967 | ||||
| Rusthall Community |
Larder | 0 | 9,091 | 9,091 | 6,337 | ||
| 21,200 | 9,091 | 30,291 | 21,097 | ||||
| 2c | ACTIVITIES FOR GENERATING | FUNDS | |||||
| Sale ofGoods | 105 | 105 | 103 | ||||
| Fundraising | 9,228 | 9,228 | 1,828 | ||||
| 9,333 | 9,333 | 1,931 | |||||
| 2cl | INVESTMENT INCOME | ||||||
| Investment Income |
537 | 205 | 742 | 718 | |||
| Bank Interest | 676 | 44 | 720 | 226 | |||
| Property Investment |
Income | 20,586 | 20,586 | 17,963 | |||
| 21,799 | 250 | 22,049 | 18,907 | ||||
| 162,163 | 10,736 | 172,899 | 121,600 |
| For | the year ended 31 De | ce | mber 2022 | ||||
|---|---|---|---|---|---|---|---|
| 3 | RESOURCES USED | Unrestricted | Restricted | Total | Funds | ||
| Funds | Funds | 2022 | 2021 | ||||
| 6 | 6 | 6 | |||||
| 3a | FUND RAISING EXPENDITURE | ||||||
| Fundraising Costs |
72 | 72 | 0 | ||||
| Purchase ofGoods | for | Safe | 260 | 260 | 103 | ||
| 332 | 332 | 103 | |||||
| 3b | EXPENDITURE ON CHARITABLE ACTIViTIES | ||||||
| MISSIONARY and CHARITABLE GIVING | |||||||
| Home Missions 5 Church Societies | 50 | 100 | 150 | 986 | |||
| 50 | 100 | 150 | 986 | ||||
| MINISTRY | |||||||
| Parish Offer | 48,000 | 48,000 | 57,588 | ||||
| Deanery Contribution |
25 | 25 | 25 | ||||
| Clergy Expenses | 612 | 612 | 1,016 | ||||
| Clergy Housing Costs | 2,475 | 2,475 | 2,399 | ||||
| Clergy Support | 0 | 0 | 0 | ||||
| SUPPORT COSTS | |||||||
| Parish Training and |
Mission | 1,257 | 1,257 | 3,028 | |||
| Education | 0 | 0 | 87 | ||||
| SERVICES | |||||||
| Upkeep ofServices | 8,614 | 1,179 | 9,792 | 10,071 | |||
| Organists Costs |
3,535 | 0 | 3,535 | 3,000 | |||
| CHURCH BUILDINGS | |||||||
| Running Costs |
26,378 | 26,378 | 18,288 | ||||
| Maintenance | 30,141 | 30,141 | 12,898 | ||||
| Organ/Piano repair |
&Maintenance | 1,678 | 1,678 | 1,285 | |||
| OTHER | |||||||
| Improvement to Church |
Buildings | 0 | 0 | 0 | 0 | ||
| New Churchyard Upkeep |
0 | 3,308 | 3,308 | 2,920 | |||
| Cost ofVoluntary Income &Appeals |
119 | 119 | 59 | ||||
| Insurance Claim |
-3,220 | 0 | -3,220 | 0 | |||
| Magazine | 137 | 0 | 137 | 128 | |||
| Hall Running Costs |
12,648 | 0 | 12,648 | 9,467 | |||
| Office Costs | 21,231 | 0 | 21,231 | 20,229 | |||
| Rusthail Community |
Larder | 8,936 | 8,936 | 4,694 | |||
| Total Church Activities | 153,661 | 13,522 | 167,203 | 148,167 | |||
| 3c | OTHER EXPENDITURE | ||||||
| Property Investment |
Costs | 1,836 | 1,836 | 7,622 | |||
| Independent Examiner/Audit |
290 | 290 | 284 | ||||
| Bad Debt | 433 | 433 | 0 | ||||
| 2,559 | 2,559 | '7,906 | |||||
| 156,572 | 13,522 | 170,094 | 156,177 |
| Fo | r the year ended 31December | 2022 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 4 | STATEMENT OF FUNDS | Balance | Income | Expend | Capital | Internal Transfers | Balance | Note | ||
| 31.12.2021 | Gain/(loss) | In | Out | 31.12.2022 | No. | |||||
| Unrestricted Funds |
||||||||||
| General Funds | 7,328.30 | 157,041.59 | 156,221.12 | 9,463.84 | 17,612.61 | |||||
| Fixed -Buildings &Equipment |
840,400.00 | 840,400.00 | ||||||||
| Totals for Unrestricted Funds |
847,728.30 | 157,041.59 | 156,221.12 | 9,463.84 | 0.00 | 0.00 | 858,012.61 | |||
| Unrestricted Funds - Designated |
||||||||||
| Diocesan Building Repair Fund | 103,981.74 | 539.57 | 7,358.40 | 111,879.71 | ||||||
| Major Legacies Fund | 29,207.07 | 131.07 | 20,000.00 | 9,338.14 | ||||||
| Children &Youth Fund |
745.95 | 745.95 | ||||||||
| Changes - From Church Funds | 0.00 | 75.00 | 75.00 | 0.00 | ||||||
| Choir fund | 5,349.09 | 7,670.49 | 3,495.89 | 9,523.89 | ||||||
| Totals for Unrest-Designated | Funds | 139,283.85 | 8,341.13 | 3,570.69 | 0.00 | 7,433.40 | 20,000.00 | 131,48?.69 | ||
| Restricted Funds | ||||||||||
| Stained Glass Window Repair Fund | 5,271.45 | 31.18 | 5,302.63 | |||||||
| Aisle Repair Fund | 1,437.19 | 8.51 | 1,445.70 | |||||||
| New Churchyard Fund |
0.00 | 205.28 | 3,308.02 | 3,102.76 | 0.00 | 4a | ||||
| Chadges —Collec8ons, Appeals |
etc | 0.00 | 0.00 | 0.00 | ||||||
| Vicar's Disretionary Funds |
595.90 | 3.82 | 100.00 | 499.72 | ||||||
| Flower sponsorship fund |
690.01 | 1,395.84 | 1,178.50 | 907.35 | ||||||
| Rusthas Community Larder |
1,643.16 | 9,091.24 | 8,935.54 | 1,798.86 | ||||||
| Totals for Restricted Funds | 9,637.71 | 10,735.85 | 13,522.06 | 0.00 | 3,102.76 | 0.00 | 9,954.26 | |||
| Endowment Funds |
||||||||||
| New Churchyard Endowment |
7,821.84 | 2,409.61 | 3,330.09 | 6,901.16 | ||||||
| StPaul's Permanent Endowment |
20,467.42 | -2,409.61 | 18,057.81 | |||||||
| Totals for Endowment Funds |
28,289.06 | 0.00 | 0.00 | 0.00 | 0.00 | 3,330.09 | 24,958.97 | |||
| Grand Total Ag Funds | 1,024,938.92 |
| Investment | Functional | |||
|---|---|---|---|---|
| 1 Church | 2 Church | Ch Centre | ||
| Total | ~Cotta es | ~Cotta es | &Land | |
| 6 | F | |||
| VALUATION | ||||
| At 1stJanuary 2022 | 840,400 | 365,000 | 475,000 | 400 |
| Gain on valuation | ||||
| Loss on valuation | ||||
| At 31stDecember 2022 | 840,400 | 365,000 | 475,000 | 400 |
| Unrestricted | Designated | Restricted | Endowment | |||
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | Total | ||
| F | f | 6 | 6 | E | ||
| Fixed Assets | 0 | 840,400 | 0 | 24,959 | 865,359 | |
| Current | Assets | 31,011 | 131,488 | 9,954 | 172,453 | |
| Current | Liabilities | 13,399 | 13,399 | |||
| 17,613 | 971,888 | 9,954 | 24,959 | 1,024,414 |
| The fund comprises investments held to provide income f |
or use by the General Fund. | |
|---|---|---|
| STAFF COSTS | 2022 | 2021 |
| E | F | |
| Wages and salaries | 25,637 | 24,864 |
| Social Security costs | 0 | 0 |
| Pension costs | 218 | 218 |
| 25,855 | 25,082 |