TRUSTEES REPORT TO THE 2023 ACCOUNTS
1. Structure, governance and management
The method of appointment of PCC members is set out in the Church Representation Rules. All Church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC.
The PCC has a Standing Committee comprising the incumbent Vicar, churchwardens, secretary, and treasurer whose purpose is to scrutinise and formulate the agenda of the PCC, and to transact on behalf of the PCC such business as it is delegated to it.
New members of the PCC are inducted by the Vicar, churchwardens and the PCC secretary.
The Parish would not function without the support of many dedicated volunteers who have a key role in all areas of parochial life.
The PCC have had regard to the guidance issued by the Charity Commission on public benefit.
1.1 St Mary’s Primrose Hill Trustees 2023
| Revd. Philip Ritchie | Vicar (ex-officio from December) |
|---|---|
| Revd. Mark Wakefield | Assistant Priest (ex-officio) |
| Roddy Monroe | Churchwarden |
| Elaine Hedger | Churchwarden and Deanery Synod member |
| John Hellinikakis | Hon Treasurer |
| Amanda Martin | PCC Secretary (co-opted) |
| Ross Gilmour | Deanery Synod member |
| Ellen Gilmour | Deanery Synod member |
| Alexa Carter | Deanery Synod member |
| Helen Tindale | PCC member |
| Sonia Renwick | PCC member |
| Mariana Lozynska | PCC member |
| Thomas Kabir | PCC member |
| Rebecca Chesworth | PCC member |
| Derrick Chow | PCC member |
| Casey Oppong | PCC member |
| Roger Carter | PCC member |
| Parviz Sedighi | PCC member |
| Elizabeth Woolf | PCC member |
| Madeleine du Vivier | PCC member |
| Jessica Davidson | PCC member (co-opted) |
| Alex Hutton-Mills | PCC member (co-opted) |
1.2 Objectives and Activities
St Mary’s PCC is responsible for co-operating with the incumbent Vicar in promoting in the ecclesiastical parish the whole mission of the Church: pastoral, evangelical, social, and ecumenical. It has responsibility for the maintenance of the church building and St Mary's Centre. Its Mission Action Plan provides details of its strategic thinking.
Worship in the Anglo-Catholic tradition of the Church of England is maintained. Good preaching and choral music are hallmarks of the parish. ln its service to the local community,
the parish is concerned to address issues that confront our local area and society, and to serve people in need, of whatever faith or none.
2. Achievements and Performance
2.1 Church Attendance
The average total Sunday attendance varies seasonally with average physical Sunday attendance was around 85 people (78 adults and 7 children) down from 100 in 2022.
However, since the services have been continually streamed live from when the Church was closed during lockdown and made available online for future viewing, some continue to opt to watch the services online either live or later. Based on the 2023 number of online views, the Sunday morning service attracts between 70 and 130 additional attendees, which means that on average around 185 people benefit from the 10:30am service each week either in person or online.
2.2 Review of the Year
Rev. Preb. Marjorie Brown retired as vicar of St Mary’s in January and the process of getting a new vicar was started. On 1st March the statutory Section 11 Meeting was held during which the PCC voted unanimously to adopt the Parish Profile and Job Specification and Alex Hutton-Mills and Jessica Davidson were appointed as the Parish Representatives as lay members of the PCC.
On 10th March the PCC met with Bishop Rob (Bishop of Edmonton), Carol Barrett Ford (the Area Dean), Michael Royalton-Kisch (the Lay Chair of Camden Deanery), Chris Kitching (Chair of the Trustees) and Sheena McCaffrey (Trustee) to get their feedback on the Parish Profile and Job Specification. They all congratulated St Mary’s on a well-presented Parish Profile.
The job was advertised in the Church Times and the shortlisted candidates were interviewed on Friday 14th July preceded by a Welcome Day on the Thursday. Fr. Phil was duly appointed, and he moved into St Saviour’s vicarage (see below) at the end of October. Regrettably, due to the busyness of Bishop Jonathan diary we had to wait until 30th November before we were blessed by his presence and Fr. Phil was formally installed.
The vicarage had been extremely expensive to run and was not fit for purpose anymore, so discussions were held with Helen Batten, Head of Investment Property and Asset Management and David Liddell, their architect. There had originally been three options for the Vicarage; 1. refurbish 44 King Henry’s Road, 2. remodel 44 King Henry’s Road or 3. purchase a new property nearby. In July the only option available to us was a major refurbishment of 44 KHR, with the currently empty vicarage at St Saviours being made available as an interim vicarage for about the next year.
As in 2022, many hours of PCC time in 2023 were spent on discussing the east end extension. Alexa Carter and Elizabeth Woolf did an enormous amount of work on behalf of the PCC for which we are extremely grateful. In July the Consistory Court in the Diocese of London granted a faculty authorising us to carry out the works which was a significant milestone. However, following advice from Kevin Rogers (Diocesan Director of Parish Property Support at the London Diocesan Fund) that no significant decisions should be taken whilst the Parish is in vacancy, other activities were put on hold.
At the end of 2023, a Just Giving page was set up to raise money for the refurbishment of the crypt with a view to re-launching the brewery in March 2024. All profits from the brewery will go to St Mary’s good causes eg Cold Weather Shelter, Youthwork.
There were eight PCC meetings in 2023 including an awayday in December 2023 which was used by Rev. Phil Ritchie to get to know the trustees/PCC. The day focused on three questions for PCC members:
-
Bit of background on yourself / your spiritual journey / what you do at St Mary’s
-
What is it that you love about St Marys?
-
What do you see as opportunities for St Mary’s and what part would you like to play in delivering these?
2.3 Plans for the Future
Having Fr. Phil being in post for about five months, plans for the future are still being formed. We plan to have a PCC away-day in June to share thoughts on our key priorities in the coming year. Obviously, the management and arrangements for the East End Development will play a key part in our plans. There will also be some major repairs to the copper roof this coming year and hopefully we will finally see solar panels appear on the south facing nave roof! Fr. Phil’s intention is to develop some of our work with Children and young people which has been in abeyance since Covid and falling rolls at the school. This could involve the re-introduction of the informal Eucharist on Sundays and a new focus on the Sunday school amongst other things. He also hopes that we can think creatively about how our wonderful new kitchen can best be used for projects that benefit the wider community. Alongside this, as we look towards the challenge of '2030 Net Zero' we will set up a group to create a systematic way forward for the parish so that climate change issues can be at the heart of our life together. We all look very much forward to re-visiting the Mission Action Plan so that we can develop a properly costed and engaging vision for the year ahead.
3. Financial Review - 2023
Overall Income, excluding special appeals, was relatively steady, but this masked another decline in regular parish donations and collections offset by an increase in sundry donations.
3.1 General Funds
General Funds ended the year with a surplus of £57,472 (2022: £74,314)
3.2 Income
In the year 2023, our total unrestricted income was £256,954 (£295,668). Planned Giving (gift-aided and non-gift aided) was £93,535 (£99.876). Gift aided donations £91,739 (£91,783)
The restricted fund surplus of £34,702 (£63,857) includes £6,120 for the Cold Weather Shelter. Money raised from the Anniversary Book sales has been reallocated to Grow the Wonder as originally planned. There is also £434 unused from the Parish Retreat which we will carry over for the next retreat.
3.3 Outlook
The year ended with surplus of £92,174 (£138,171), With the 6.3% fall in planned giving receipts in 2023, it is necessary to constantly refresh the donor base if the Church is to be able to meet its financial commitments.
Towards the end of October 2023, we launched a planned giving campaign. From first indications at the end of 2023, this may result in an uplift of £5,700 during 2024 based on
new donors and increases by existing donors. Several existing donors also signed up to gift aid, which will also increase overall donations. Conversely, we usually lose some donors during the course of the year, which will reduce some of the above-mentioned gain. Going forward, it is planned to have a yearly campaign with the next one later in 2024. If insufficient income is not generated, consideration will be given to cutting costs.
Much of the reduction in the surplus was due to Grow the Wonder projects, especially the new kitchen, which finally cost £59,725.15. While this seems a lot of money, when we first received estimates for the various projects, the kitchen was first costed at £100,000. The kitchen came in at £40,000 under budget.
In 2024, we plan to install solar panels on the main south facing roof and a replacement copper roof over the south facing annex. We have been applying for grants and at the time of writing, have raised £35,000 towards the cost of the solar panels, with several grant applications outstanding. Nevertheless, we expect that we will require a major fund-raising drive if we are to achieve both projects this year.
Our Common Fund contribution remained at £87,775 for 2023.
3.4 Reserves Policy
Unrestricted funds fell to £57,472 (£74,314), after a reallocation of £24,000 to the Grow the Wonder Fundfrom last year’s balance. The PCC, as a policy, has always aimed to cover three months of recurring expenditure (£60,000). In this respect, we have made an improvement from 2022, but have some way to go.
3.5 Operations Structure
The PCC has two bank accounts and a share account. All financial questions or suggestions should go first to the Treasurer, John Hellinikakis (or via a message through the Parish Administrator). Stewardship records are dealt with by Cathy Howard.
3.6 Risk Management
The PCC is committed to managing, and if practicable to reducing the major risks that they have already identified. They also seek to identify new risks as they arise and subject them to the same process of management and reduction. We have a small portfolio of shares, which increased in value by £2,550 in 2023, and which we are monitoring.
Roddy Monroe Churchwarden
9[th] March 2024
The Parish Parochial Church Council of St Mary the Virgin Primrose Hill
Independent examiner's report to the members of the Parochial Church Council of the Ecclesiastical Parish of St Mary the Virgin, Primrose Hill with St Paul's, Avenue Road (registered charity 11327011
I report to the PCC on my examination of the accounts of the PCC of $t Mary the Virgin, Primrose Hill with St Paul's, Avenue Road for the year ended 31 December 2023.
To be completed after the PCC meeting
Parochial Church Council of St Mary the Virgin Primrose Hill
Statement of Financial Activities For the year ended 31 December 2023
To be inserted by John
Parochial Church Council of St Mary the Virgin Primrose Hill
Statement of Financial Activities For the year ended 31 December 2023
| Notes Income and endowments from: Donations and Legacies 3a Charitable Activities 3b Investment income 3c Total incoming resources Resources expended Charitable activities 4 Total resources expended Net income before gains and losses on investments Net recognised gains/(losses) on investment Net income after gains and losses on investments Transfers between funds 11 Net movement in funds Reconciliation of Funds Total funds brought forward at 1 Jan 2023 Total funds carried forward at 31 Dec 2023 |
TOTAL TOTAL Unrestricted Unrestricted Restricted FUNDS FUNDS Funds Funds Funds 2023 2022 General Designated (Note 11) £ £ £ £ £ 186,070 24,387 210,457 302,761 67,191 0 67,191 67,335 3,693 0 3,693 197 256,954 24,387 281,341 370,293 247,491 82,397 329,888 322,736 247,491 0 82,397 329,888 322,736 9,463 0 (58,010) (48,547) 47,557 2,550 0 0 2,550 (3,133) 12,013 0 (58,010) (45,997) 44,424 (28,855) 0 28,855 0 0 (16,842) 0 (29,155) (45,997) 44,424 74,314 0 63,857 138,171 93,747 57,472 0 34,702 92,174 138,171 |
|---|---|
The Notes to the Accounts form part of these Financial Statements
Parochial Church Council of St Mary the Virgin Primrose Hill
Balance Sheet at 31 December 2023
| Notes Fixed assets Investments Unquoted shares 8 Quoted shares Total fixed assets Current assets Debtors 9 Cash at bank and in hand Creditors: amounts falling due within one year 10 Net current assets Total assets less current liabilities Creditors: amounts falling due after one year NET ASSETS Funds Restricted funds 11 Unrestricted funds General 11 |
FUNDS FUNDS 2023 2022 £ £ 47 47 13,548 10,998 13,595 11,045 24,082 7,303 56,247 124,057 80,329 131,360 (1,750) (4,234) 78,579 127,126 92,174 138,171 0 0 92,174 138,171 34,702 63,857 57,472 74,314 92,174 138,171 |
|---|---|
The Notes to the Accounts form part of these Financial Statements
Approved by the PCC on 13 March 2024 and signed on their behalf by Roddy Monroe (Churchwarden)
John Hellinikakis (Treasurer)
Parochial Church Council St Mary the Virgin Primrose Hill
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
Note 1 BASIS OF PREPARATION
The financial statements are prepared under that Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCs, and with the Regulations "true and fair view" provisions, together with FRS102 (2016) as the applicable accounting standards and the 2016 version of the Statement of Recommended Practice: Accounting and Reporting by Charities [SORP(FRS102)]
The financial statements have been prepared under the historical cost convention except for the valuation of quoted financial assets which are shown at market value.
The Parochial Church Council (PCC) is a public benefit entity within the meaning of FRS102
1.2 GOING CONCERN
There are no material uncertainties related to events or conditions that cast significant doubt on the PCC's ability to continue as a going concern
1.3 CHANGE IN ACCOUNTING POLICY
The accounts present a true and fair view and the accounting policies are as outlined in this note. There have been no changes of accounting policy in this period
1.4 CHANGES TO ACCOUNTING ESTIMATES
There have been no changes to accounting estimates in this period
1.5 MATERIAL PRIOR YEAR ERRORS
No material prior year errors have been identified in the reporting period
Note 2 ACCOUNTING POLICIES
2.1 INCOME
Recognition of income
Congregational giving, donations, grants, interest, dividends and othe rincome are included in the Statement of Financial Activities (SOFA) when the PCC becomes entitled to the resources and the monetary value can be measured with sufficient reliability
Offsetting
There has been no offsetting of assets and liabilities or of income and expenses unless required or permitted by the FRS102 SORP
Tax reclaims on donations and gifts
Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid recovered on a donation is considered to be part of that gift and is credited to the same fund as the initial donation unless the donor has specified otherwise
Legacies
Legacies are included in the SOFA when receipt is probable, that is, when there has been a grant of probate, the Executors have established that there are sufficient funds in the Estate and any conditions attached to the legacy are either within the control of the PCC or can be met
Volunteer help
The value of voluntary help is not included in the accountd but is described in the PCC's annual report
Investment gains and losses
This includes any realised and unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the year end
2.3 EXPENDITURE AND LIABILITIES
Liability recognition
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the PCC to pay out resources and the amount of the obligation can be measured with reasonable certainty
Governance
Governance costs are charged to charitable activities
Redundancy costs
The PCC has made no redundancy paymens during the reporting period
Parochial Church Council St Mary the Virgin Primrose Hill
Deferred income
No material item of deferred income has been included in the financial statements
Creditors
The PCC has creditors which are measured at settlement amounts less any trade discounts.
Certain interest free loans have been provided without a repayment date and these are accounted for as being repayable on demand
Provisions for liabilities
A liability is measured at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date
2.4 ASSETS
Tangible fixed assets for use by the PCC
Consecrated and beneficed propery is excluded from the acounts by s 10(2)(a) and (c) of the Charities Act 2011. Other fixed assets are capitalised if they can be used for more than one year and cost at least £2,000.
Equipment used within the church premises that has not been written off is depreciated over its expected useful life as follows:
Fixtures and fittings 25% straight line Computer equipment 30% straight line
Movable church furnishings held by the Vicar and Churchwardens on special trust for the PCC, and which require a faculty for disposal are accounted as inalienable property unless consecrated. They are listed in the church inventory, which can be inspected.
Financial assets
Unquoted shares are valued at historic cost.
Investments in quoted shares and pooled investment funds are valued initially at cost and subsequently at fair value (market value) at the year end
Debtors
Debtors, including trade debtors and Gift Aid recoverable, are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the PCC. Subsequently they are measuered at the cash or other consideration expected to be received.
Cash at bank
Cash is held in bank deposits which are repayable on demand
2.5 FUNDS
Unrestricted Funds represent the remaining income funds of the PCC that are available for spending on the general purposes of the PCC.
The Restricted Funds are income funds that must be spent on restricted purposes and details of the funds are set out in Note 11
Parochial Church Council St Mary the Virgin Primrose Hill
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2023
Note 3 Income and endowments from:
| Note 3a Donations and Legacies Planned giving - Gift Aided Other Regular Giving - non Gift Aided Collections at all Services Sundry Donations:Gift Aided Sundry Donations: non Gift Aided 11 Income tax recoverable Refund of legal fees Refund of VAT Energy Grant Legacies 3b Charitable Activities Lecture Series Designer Fair Bar Shop Church and SMC lettings, Organ hire Parochial fees Other Events 3c Investment income Dividends and interest Total incoming resources |
TOTAL TOTAL Unrestricted Unrestricted Restricted FUNDS FUNDS Funds Funds Funds 2023 2022 General Designated £ £ £ £ £ 77,240 77,240 81,927 16,295 16,295 17,949 4,635 4,635 6,530 14,499 14,499 9,856 25,663 24,387 50,050 149,979 26,422 26,422 31,371 21,316 21,316 - - 0 2,081 - 0 2,891 - 0 177 186,070 24,387 210,457 302,761 11,444 11,444 9,139 21,492 21,492 20,912 3,324 3,324 2,059 3,001 3,001 4,006 25,528 25,528 21,058 2,032 2,032 5,733 370 370 4,428 67,191 0 67,191 67,335 3,693 3,693 197 3,693 0 3,693 197 256,954 0 24,387 281,341 370,293 |
|---|---|
Parochial Church Council St Mary the Virgin Primrose Hill
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2023
Note 4 Resources expended
| Notes Charitable activities Common Fund Vicar and Vicarage Expenses Vicar's Discretionary Fund Deanery & visiting preachers Parochial Fees Ministry Team expenses Rent on curate's flat Sacristy Vestments Worship books, fees and publications Books and publications (non music) Choir Master 5 Organist 5 Organ Scholar 5 Choral Scholars 11 Choir Fees 11 Parish Administrator 5 Telephone Office Supplies Publicity Hospitality General Maintainance Gardening Legal fees Architect's fees Professional fees Organ maintenance Licence fee Cleaning Gas Electricity Water Insurance J&P Committee fund raising costs J&P Committee fund donations Other charitable donations 11/12 Youth work 5 Church flowers Cold Weather Shelter 11 Parish Retreat 11 Grow the Wonder 11 Anniversary Book 11 Bar Lecture Series Designer Fair Shop Fund raising costs Independent Examination fees Total resources expended |
Unrestricted Unrestricted Restricted TOTAL TOTAL Funds Funds Funds FUNDS FUNDS General Designated 2023 2022 £ £ £ £ £ 87,775 87,775 85,200 559 559 3,627 0 0 800 2,147 2,147 2,448 454 454 5,357 600 600 2,069 0 0 24,012 1,881 1,881 2,553 2,936 2,936 0 2,320 2,320 569 458 458 0 7,200 7,200 7,450 2,640 2,640 3,265 1,750 1,750 0 1,398 10,236 11,634 12,510 3,598 540 4,138 4,911 39,065 39,065 34,813 1,088 1,088 1,396 10,171 10,171 11,005 318 318 805 3,688 3,688 6,717 10,801 10,801 9,048 294 294 0 21,316 21,316 0 540 540 0 0 0 900 2,088 2,088 773 964 964 70 10,562 10,562 11,816 5,710 1080 6,790 5,247 3,318 3,318 2,377 723 723 609 6,407 6,407 6,082 0 156 156 866 0 400 400 0 0 463 463 1,609 0 0 0 2,738 2,738 2,091 0 1,422 1,422 1,779 0 68,100 68,100 2,563 0 0 55,836 0 0 158 1,964 1,964 180 1,920 1,920 1,915 3,699 3,699 1,621 1,880 1,880 1,075 771 771 4,864 1,750 1,750 1,750 247,491 0 82,397 329,888 322,736 |
|---|---|
Parochial Church Council of St Mary the Virgin, Primrose Hill
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2023
Note 5 Staff costs
| Parish Administrator Choir Master Organist Fees |
2023 2022 £ £ 39,065 34,813 7,200 7,450 2,640 3,265 48,905 45,528 |
|---|---|
During the year the PCC employed a parish administrator and paid fees to the Choir Master and organist. The PCC offers a defined contribution pension scheme through NEST
Note 6 Transactions with Related Parties
During the year the PCC reimbursed certain working expenses of the stipendary clergy team. Other coopted PCC members, specifically the parish admininstrator, Choir Master and organist, received payments detailed above.
One member of the PCC was paid £1,000 in advance for occasional cleaning services of which £600 has already been earned during the the year.
Note 7 Analysis of Net assets by fund
| Investments Debtors Cash at bank and in hand Current liabilities Comparative for 2022 Investments Debtors Cash at bank and in hand Current liabilities |
Unrestricted Restricted Total Funds Funds Funds 2023 General £ £ £ 13,595 13,595 24,082 24,082 21,545 34,702 56,247 (1,750) (1,750) 57,472 34,702 92,174 Unrestricted Restricted Total Funds Funds Funds 2022 General £ £ £ 11,045 11,045 7,303 7,303 60,200 63,857 124,057 (4,234) (4,234) 74,314 63,857 138,171 |
|---|---|
Note 8 Unquoted investments
186 shares in the English Hymnal Company Limited (Registered in England and Wales on 1st November 1926 with Registration Number 217212) are shown at the historic cost of £46.50
Note 9 Prepayments and Debtors
Income tax recoverable Other
| 2023 2022 £ £ 21,278 7,303 2,804 0 |
|
|---|---|
| 24,082 7,303 |
Parochial Church Council St Mary the Virgin Primrose Hill
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2023
Note 10 Creditors: amounts falling due within one year
----- Start of picture text -----
2023 2022
£ £
Parochial fees due to Diocese 0 2,484
Independent Examination and Accountancy 1,750 1,750
1,750 4,234
----- End of picture text -----
NOTE 11 Movement in Funds in Year
| Unrestricted Fund General fund Restricted Fund Youth Bishop's Discretionary Fund Choral Scholars (Restricted) Choir Justice & Peace Cold Weather Shelter Charity Appeals Note 12 Anniversary Book Parish Retreat Grow the Wonder Total funds |
Bal b/fwd Income Expenditure Other gains Transfers, Bal c/fwd 1 Jan 2023 and losses 31 Dec 2023 £ £ £ £ £ 74,314 256,954 247,491 2,550 (28,855) 57,472 74,314 256,954 247,491 2,550 (28,855) 57,472 214 214 0 518 518 211 10,025 10,236 0 0 540 540 0 501 774 556 719 5,468 3,154 2,502 6,120 378 233 463 148 2,529 20 (2,549) 0 214 220 434 54,342 8,903 68,100 31,404 26,549 63,857 24,387 - 82,397 - 28,855 34,702 138,171 281,341 329,888 2,550 0 92,174 |
|---|---|
Note 12 Charity Donations
| 2023 | 2022 | |
|---|---|---|
| British Heart Foundation | 200 | |
| Children's Society | 200 | |
| Marie Curie | 218 | |
| Somerset Heart Foundation | 383 | |
| Christian Aid DEC Pakistan | 105 | 608 |
| Crisis | 125 | |
| Christian Aid | 233 | |
| USPG (Justice & Peace Committee) | 400 | |
| 863 | 1609 | |
| At 31 December 2023 the following charitable | donation was | pending: |
Royal British Legion 148
Parochial Church Council St Mary the Virgin Primrose Hill
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2023
Note 13 Prior period comparative statement of financial activities
| Notes Income and endowments from: Donations and Legacies 3a Charitable Activities 3b Investment income 3c Total incoming resources Resources expended Charitable activities 4 Total resources expended Net income before gains and losses on investments Net recognised gains/(losses) on investment Net income after gains and losses on investments Transfers between funds 11 Net movement in funds Reconciliation of Funds Total funds brought forward at 1 Jan 2022 Total funds carried forward at 31 Dec 2022 |
TOTAL Unrestricted Unrestricted Restricted FUNDS Funds Funds Funds 2022 General Designated (Note 11) £ £ £ £ 195,884 106,877 302,761 67,335 0 67,335 197 0 197 263,416 106,877 370,293 248,925 73,811 322,736 248,925 0 73,811 322,736 14,491 0 33,066 47,557 (3,133) 0 0 (3,133) 11,358 0 33,066 44,424 0 0 0 0 11,358 0 33,066 44,424 62,956 0 30,791 93,747 74,314 0 63,857 138,171 |
|---|---|