## _**Parish of St Mary the Virgin Davyhulme Parochial Church Council**_ _**Annual Parochial Church Meeting 2023**_ _**Accounts**_ _**For the Year Ended 31st December 2022**_ ## **The Parochial Church Council of St Mary The Virgin Davyhulme** ## **Accounts for the Year Ended 31st December 2022** ## **CONTENTS** ## **PAGE** |Accountant and Independent Examiner's Report|1| |---|---| |Statement of Financial Activities for the year ended 31st December 2022|2| |Balance Sheet as at 31st December 2022|3| |Notes to the Accounts|4-10| |Appendix|11| ## **The Parochial Church Council of St Mary The Virgin Davyhulme** ## **Accountant and Independent Examiner's Report** ## **Accounts for the Year Ended 31st December 2022** We report on the accounts of the church for the year ended 31st December 2022, which are set out on pages 1 to 10. The trustees of the church are responsible for the preparation of the accounts and accounting records. The church's trustees consider that an audit is not required for this year under section 144 (2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. ## **Independent Examiner's Report** It is our responsibility to: a) Examine the accounts under section 145 of the 2011 Act b) Follow the procedures laid down in the General Directions given by the Charity Commissioners under section 145(5) (b) of the 2011 Act c) State whether particular matters have come to our attention. Our examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts prepared with those records. It also includes consideration of any unusual items or disclosures made in the accounts, and seeking explanations concerning any unusual matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not provide an opinion as to whether the accounts show a true and fair view. The report is accordingly limited to the matters set out in the statement below: In connection with our examination, no matters have come to our attention which: - a) Give us reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with s130 of the 2011 Act, or to prepare accounts which accord with these accounting records and comply with the 2011 Act have not been met. - b) To which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. **Burton and Company (Accountants) Ltd 76 Davyhulme Road, Urmston, Manchester. M41 7DN 11th April 2023** 1 ## **The Parochial Church Council of St Mary The Virgin Davyhulme** ## **Accounts for the Year Ended 31st December 2022** ## **Statement of Financial Activities for the Year Ended 31st December 2022** |**2021**
**£**
**INCOME**
**Note**
73,714
Voluntary Income
2a
2,325
Activities for generating funds
2b
12
Income from Investments
2c
10,223
Church Activities
2d
5,000
Other Income
2e
91,274
**TOTAL INCOME**
**EXPENDITURE**
0
Grants and Charitable Giving
3a
101,129
Church Activities
3b
101,129
**TOTAL EXPENDITURE**
(9,855)
**NET INCOME/(EXPENDITURE) FOR THE YEAR**
Transfer between funds in the year
48,158
**TOTAL FUNDS BROUGHT FORWARD**
**38,303**
**TOTAL FUNDS CARRIED FORWARD**|**2022**
**£**
73,083
3,353
57
28,420
7,335
112,248
355
101,669
102,024
10,224
38,303
**48,527**|**General**
**Funds**
**£**
73,083
3,353
-
25,704
7,335
109,475
355
99,671
100,026
9,449
775
38,303
**48,527**|**Restricted**
**Funding**
**£**
0
-
57
2,716
0
2,773
0
1,998
1,998
775
(775)
0
**0**| |---|---|---|---| 2 **The Parochial Church Council of St Mary The Virgin Davyhulme** ## **Accounts for the Year Ended 31st December 2022** ## **Balance Sheet as at 31st December 2022** |**2021**
**Total**
**£**
5,000
5,836
20,003
4,883
4,378
29,264
(1,797)|**Note**
**£**
**FIXED ASSETS**
8
Land and Buildings
Fixtures and Equipment
10,836
**CURRENT ASSETS**
Short Term Deposit
9
Other Cash and Bank Balances
9
Debtors and Prepayments
10
**CURRENT LIABILITIES**
Creditors and Accruals
11
27,467
**NET CURRENT ASSETS**
**38,303**
**TOTAL NET ASSETS**
**TOTAL FUNDS (UNRESTRICTED)**
12/13
38,303
General Fund (Unrestricted)
**38,303**|**2022**
**Total**
**£**
5,000
4,961
15,060
21,153
3,555
39,768
(1,202)|**£**
9,961
38,566
**48,527**
48,527
**48,527**| |---|---|---|---| Mrs N Taylor Hon Treasurer 3 ## **The Parochial Church Council of St Mary The Virgin Davyhulme** ## **Accounts for the Year Ended 31st December 2022** ## **NOTES TO THE ACCOUNTS** ## **1. STATEMENT OF ACCOUNTING POLICIES** ## **Accounting Policies** The financial statements have been prepared under the Charities Act (2011) and in accordance with the Church Accounting Regulations 2006, Financial Reporting Standard 102, and the 2016 Charities Statement of Recommended Practice. ## **Funds** General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application to the general purposes of the PCC. Restricted funds are income funds and reserves that must be spent on restricted purposes and details of those funds are provided in the notes to the accounts. The accounts include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of other Church groups that owe their affiliation to another body or those that are informal gatherings of Church members. ## **Income** Collections, donations and legacies are recognised when received by or on behalf of the PCC. Planned giving receivable under Gift Aid is recognised only when received. Income Tax recoverable on Gift Aid donations is recognised when the income is recognised. Funds raised by fundraising events are accounted for gross. Rental Income from the letting of Church premises is recognised when received. Income from grants is recognised, where possible, in the same accounting year as that for which any related expenditure is payable. Interest and investment income is recognised when received. ## **Expenditure** Grants and donations are accounted for when paid over, or when awarded, if the award creates a binding obligation on the PCC. The Diocesan Parish Share is accounted for when paid, such payments reflecting relief under the Encouragement Scheme. 4 ## **The Parochial Church Council of St Mary The Virgin Davyhulme** ## **Accounts for the Year Ended 31st December 2022** ## **NOTES TO THE ACCOUNTS (CONTINUED)** ## **FIXED ASSETS** ## **Consecrated Property and moveable Church Furnishings** Consecrated and beneficial property of any kind is excluded from the accounts by s10(2)(a) and (c) of the Charities Act 2011. Moveable Church furnishings held by the Vicar and Church Wardens on special trust for the PCC, and which require a Faculty for disposal are accounted for as inalienable property unless consecrated. They are listed in the Church's inventory, which can be inspected at any reasonable time. For inalienable property acquired prior to 2000 there is insufficient information available and therefore such assets are not valued in the accounts. Items acquired since 1 January 2000 have been capitalised and depreciated in the accounts over their currently anticipated useful economic life on a straight line basis. Depreciation is charged at the following rates to write the fixed assets off over their estimated useful economic lives: Church Hall 5% per annum to a minimum book value of £ 5,000 Fixtures 15% per annum down to a minimum book value of £ 5 Equipment 25% per annum down to a miminum book value of £ 5 5 ## **The Parochial Church Council of St Mary The Virgin Davyhulme** ## **Accounts for the Year Ended 31st December 2022** ## **NOTES TO THE ACCOUNTS (CONTINUED)** ## **2. INCOME** |**2021**
**£**
**a) Voluntary Income**
52,162
Gift Aid Donations
720
Non Gift Aid Donations
2,870
Collections in Church
4,222
Donations and Contributions
12,274
Tax Recoverable
1,466
Donations for Retirement Fund
73,714
b) **Activities for Generating Funds**
2,325
Fund raising activities (note 6)
**c) Investment Income**
12
Interest received
**d) Church Activities**
5,991
Fees
3,992
Church Hall Income
240
Flowers
0
Parish Retreat
0
Churchwomen's Fellowship
10,223
**e) Other Income**
0
Insurance Claim Received
0
Grants
5,000
Legacy
5,000
**91,274**
**TOTAL INCOME**|**2022**
**£**
50,427
868
5,682
3,103
13,003
0
73,083
3,353
57
8,192
17,512
796
1,920
0
28,420
2,270
2,065
3,000
7,335
**112,248**|**General**
**Funds**
**£**
50,427
868
5,682
3,103
13,003
-
73,083
3,353
-
8,192
17,512
-
-
0
25,704
2,270
2,065
3,000
7,335
**109,475**|**Restricted**
**Funds**
**£**
-
-
-
0
-
0
0
-
57
-
-
796
1,920
-
2,716
-
0
**2,773**| |---|---|---|---| 6 ## **The Parochial Church Council of St Mary The Virgin Davyhulme** ## **Accounts for the Year Ended 31st December 2022** ## **NOTES TO THE ACCOUNTS (CONTINUED)** ## **3. EXPENDITURE** **----- Start of picture text -----**
General Restricted
2021 2022 Funds Funds
£ £ £ £
a) Grants and Charitable Giving
- Other Home Charities 355 355 -
0 355 355 0
b) Church Activities
Ministry:
61,200 Diocesan Parish Share 61,150 61,150 -
4,028 Clergy Housing 1,946 1,946 -
310 Clergy Working Expenses 0 0 -
Church Running Expenses:
10,228 Heat, Light, Water and Insurance 8,358 8,358 -
167 Repairs 352 352 -
9,463 Salaries and Support Services 10,972 10,972 -
0 Upkeep of Church surroundings 0 0 -
227 Flowers 114 - 114
2,309 Cost of Services 6,028 6,028 -
800 Bank Charges 578 578 -
6,391 Major Repairs and Maintenance (note 7) 6,297 6,297 -
0 Churchwomen's Fellowship 0 0 -
0 Parish Retreat 1,884 - 1,884
913 Stationery, Sundries and IT 366 366 -
1,908 Church and Church Hall Running Costs 2,175 2,175 -
1,030 Depreciation of Fixed Assets 875 875 -
1,521 Retirement Gift and Party 0 0 0
634 Accountancy 574 574 -
- - - -
101,129 101,669 99,671 1,998
101,129 TOTAL EXPENDITURE 102,024 100,026 1,998
**----- End of picture text -----**
7 ## **The Parochial Church Council of St Mary The Virgin Davyhulme** ## **Accounts for the Year Ended 31st December 2022** ## **NOTES TO THE ACCOUNTS (CONTINUED)** ## **4. EMPLOYEES AND EMOLUMENTS** During the year the PCC paid a cleaner, musician and a support worker for sevices rendered. PCC members were directly reimbursed for expenses incurred on its behalf but did not themselves receive any remuneration from Church funds. There was one employee during the year. ## **5. LEGACIES** In October 2022 a legacy was received for the sum of £ 3,000. ## **6. SUMMARY OF FUND RAISING ACTIVITIES** A detailed list of amounts raised is provided as an appendix to these accounts. ## **7. MAJOR REPAIRS AND MAINTENANCE** |**REPAIRS AND MAINTENANCE**||| |---|---|---| ||£|| |Garage Roof Repairs||2,520| |Electrical Testing and upgrading||1,834| |Roof repairs to the Church Hall||1,260| |Fire Protection||683| |6,297
**8. FIXED ASSETS**
**Fixtures and**
**Church Hall**
**Equipment**
**Actual/Deemed Cost**
At 1st January 2022
157,123
30,164
Additions
Disposals
At 31st December 2022
157,123
30,164
**Depreciation**
At 1st January 2022
152,123
24,328
Charge for the year
875
Eliminated on disposals
At 31st December 2022
152,123
25,203
**Net Book Value at 31st December 2022**
5,000
4,961
**Net Book Value at 31st December 2021**
5,000
5,836|**Total**
187,287
0
187,287
177,481
875
178,356
9,961
9,806| |---|---| 8 **The Parochial Church Council of St Mary The Virgin Davyhulme** ## **Accounts for the Year Ended 31st December 2022** ## **NOTES TO THE ACCOUNTS (CONTINUED)** |**9. CASH AND BANK BALANCES**
CBF Church of England deposit fund
HSBC Bank
Cash and Other Bank Balances
**10. DEBTORS AND PREPAYMENTS**
Unrestricted Funds:
Income Tax Recoverable
Insurance Paid in Advance
Sundry debtors and prepayments
**11. CREDITORS AND ACCRUALS**
Gas, Electricity and Water
Sundry Creditors and Accruals|**2022**
**£**
15,060
19,299
1,854
21,153
**2022**
**£**
3,095
0
460
3,555
**2022**
25
1,177
1,202|**2021**
**£**
20,003
4,883
0
4,883
**2021**
**£**
3,164
0
1,214
4,378
**2021**
309
1,488
1,797| |---|---|---| 9 **The Parochial Church Council of St Mary The Virgin Davyhulme** ## **Accounts for the Year Ended 31st December 2021** ## **NOTES TO THE ACCOUNTS (CONTINUED)** |**12. MOVEMENT ON INDIVIDUAL FUNDS**
Balance at 1st January 2022
Net Income for the Year
Transfer between funds
Balance at 31st December 2022|**General**
**Restricted**
**Total**
**Reserves**
**Funds**
**£**
**£**
**£**
38,303
38,303
0
10,224
9,449
775
775
(775)
48,527
48,527
(0)| |---|---| ## **13. BANK CHARGES** Please note that the expense of bank charges includes the associated costs of operating the bank account. These include the costs associated with acquiring card machines and facilitating the payments and receipts of expenses and income. These are in addition to the regular costs of operating a bank account. ## **14. ASSOCIATED CHURCH GROUPS - INCOME AND EXPENDITURE** |Mothers' Union|Balance
Income
Expenditure
Balance
1 Jan 2022
31 Dec 2022
£
1,809
1,829
2,318
1,320
1,809
1,829
2,318
1,320| |---|---| 10 ## **The Parochial Church Council of St Mary The Virgin Davyhulme** ## **Accounts for the Year Ended 31st December 2022** ## **SUMMARY OF FUND RAISING ACTIVITIES - 2022** |Christmas Fair
Raffle
Other Music and Social Evening Fundraising
Bingo
Sundry Fundraising
Table Top|£
1,435
134
1,109
217
200
257
3,353| |---|---| 11