##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|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|
##
##
##
##
##
##
##
##
##