2022-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of St Peter And St Mary, Stowmarket

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ANNUAL REPORT AND FINANCIAL STATEMENTS For the year ended 31st December 2022

The Parochial Church Council of the Ecclesiastical Parish of St Peter and St Mary Stowmarket

The Parochial Church Council of St Peter & St Mary, Stowmarket

Contents

Contents and Charity Details

Contents and Charity Details……………………………………………………………………………………	1
Trustees’ Report……………………………………………………………………………………………………...	2
Independent Examiner’s Report………………………………………………………………………………	8
Statement of Financial Activities……………………………………………………………………………..	9
Balance Sheet………………………………………………………………………………………………………….	10
Notes to the Financial Statements…………………………………………………………………………..	11

Charity Details

Vicar:	Rev’d Michael Eden
Trustees:	The Parochial Church Council
Charity Commission Registration number:	1132857 (England and Wales)
Principal Office:	St Peter & St Mary’s Church
	Station Road West
	Stowmarket
	Suffolk, IP14 1ES
Accountant:	Geoff Mann FCIE
	Geoff Mann Limited
	Dee House
	Highworth Avenue
	Cambridge
	CB4 2BQ
Principal Bankers:	CAF Bank Limited
	25 Kings Hill Avenue
	West Malling
	Kent ME19 4JQ
	TSB Bank plc
	Henry Duncan House
	120 George Street
	Edinburgh EH2 4LH

2022 Annual Report

Page 1

The Parochial Church Council of St Peter & St Mary, Stowmarket

Trustee’s Report for the Year ended 31st December 2022

Trustees’ Report for the year ended 31 December 2022

The Trustees, who are the members of the Parochial Church Council, submit their Annual Report and Financial Statements for the year ended 31st December 2022. The financial statements have been prepared in accordance with the relevant accounting policies and comply with Church Representation Rules, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with FRS 102, as updated February 2016.

Objectives, Activities, Achievement and Performance

Main Activities

The Parochial Church Council (‘PCC’) aims to promote in the parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical.

Public Benefit

The PCC is aware of its duty to ensure that the charitable activities of the Church further its charitable objectives and that these activities are for the purpose of public benefit. A review of the activities is included in this Annual Report and gives details of the way in which this has been achieved. The activities undertaken above are given careful consideration by the Trustees against the Charity Commission’s guidance on public benefit.

Achievements and Performance - Vicar’s Report

As 2022 began we were still trying to cope with the restrictions imposed on us by the government because of the Coronavirus pandemic. Although all restrictions were gradually lifted the virus is still around and many from our Church have suffered with it.

Much of the early part of the year was spent drawing up a contract with Helen Knock to run a cafe in our newly reordered refreshment area. A good partnership has developed and with the “Osier Cafe in Church” we now have a community Cafe that opens Tuesday to Saturday 9:00am - 3:15pm. There is a ‘pay forward’ scheme where customers can put money behind the counter to pay for drinks and meals for those who can't afford it. There is also a ‘Kindness Shelf’ from which people can help themselves to toiletries and other daily essentials. During the winter months, there have also been winter coats for those who need them.

The new children’s area has been very popular and on Wednesdays and Fridays, the Church was open as a ‘Warm Space’ and free drinks and meals were available for those who are struggling in our country's present economic crisis. This is an incarnational expression of being Church in the town centre and welcoming people in and helping to meet their needs. It is a living, practical expression of our mission statement, “Letting people know about the love of Jesus Christ”

2022 Annual Report

Page 2

The Parochial Church Council of St Peter & St Mary, Stowmarket

Trustee’s Report for the Year ended 31st December 2022

Worship and prayer are central to the life of the Church and in 2022 we continued with the pattern of one service on Sunday mornings at 10:00am and we have reintroduced serving refreshments afterwards. The lunchtime communion service took place on alternate Thursdays, at noon and weekly from January 2023. In 2022 we started to meet for an evening service of praise and worship once a month led by Tony and Sarah Ingham and Richard and Jane Stretch, and this has continued to grow. The weekly, Wednesday Online Prayer Meeting that began under lockdown continues to meet.

We are now dealing with what a post-Covid or a Covid-damaged Church will look like. As Church attendance has begun to stabilize the Register of Services shows the number of people who worship in our Church building, but we also live stream our services (and keep them available on YouTube) and we have a significant following on the internet.

At the Annual Parochial Church Meeting in May 2022, the Electoral Roll listed 108 (120 in 2021) members.

Over the year the Church was involved with at least 107 (91) acts of worship of which 43 (17) included Holy Communion. There were 14 (29) funerals linked to the parish of which 5 (4) were in Church, and we started to go back into Care Homes to take services. There were 9 (5) baptisms and 1 (0) wedding.

The important work to install a new bell frame and replace the bells is still not completed due to Covid complications but a new date for them to come back is the 22nd of May 2023.

The Church relies on all the good work done by the volunteers in the Church Office and we thank Jane Stretch, Pat Wells, and Charlotte Whyte for all the hard work they do in keeping the office open 4 days a week.

St Mary's Hall is the venue for St Peter and St Mary's Pre-school which continued to meet throughout the pandemic.

Our children's work continued with Little Fishes meeting fortnightly either online or in St Peter's Hall and our Boys Brigade and Girls Association Company maintained its numbers meeting on Tuesday evenings.

The Clergy, Readers, and Preachers continue to meet once a month for discussion and planning. We said goodbye to Heather Bunting in the autumn as she moved away to be closer to her family and Rev’d Ian Hooper and Rev’d Ray Gilbert took a step back from leading services and preaching.

Home groups for study, prayer and pastoral support started to meet again in person, having weathered the pandemic, by meeting online and in October we held a Ministries Fair as a stock-take across all areas to see how the Coronavirus has affected the Church.

We joined in the celebrations for the Queen's Diamond Jubilee in June with a Big Lunch and following the death of Her Majesty the Church was open with a Register of Condolences, for people to sign. We held Services to mark the Queen's passing and the accession of King Charles III to the throne which were arranged in partnership with the Town Council and the Royal British Legion.

We have good relationship with other Christian denominations through Churches Together, getting together for the Week of Prayer for Christian unity, the Good Friday Walk of Witness and supporting the Foodbank and Pop-up Shop.

2022 Annual Report

Page 3

The Parochial Church Council of St Peter & St Mary, Stowmarket

Trustee’s Report for the Year ended 31st December 2022

There was less emphasis on fundraising but we did have a Plant Sale and opened up for the Town Food and Drinks Festival. There are also books, CDs and DVDs for sale in Church at good value prices.

The 18th Christmas Tree Festival went ahead and we managed to get TV Presenter Becky Jago to return to switch on the lights. Charlotte Whyte did a grand job as Festival Co-ordinator and with the help of her team, the Town Festival ran in partnership with the Town Council and the Library, Red Gables and the Walnut Tree pub, the Food Museum and Maxwell Brown Property Agent. This Christmas we also ran a Comedy Night with Paul Kerensa and Paul Tonkinson.

I would like to thank all who have helped in the running of the Church this year. Due to other commitments, our Churchwardens Dan and Michelle Sparks had to stand down and I thank them for their support and for all the hard work they put in. I’m also grateful to Assistant-Warden, Gerald Barnett who has done so much behind the scenes.

Although the activities based around the Church were limited due to legal restrictions, and many people were nervous about meeting together again, we always aim to improve ways in which we are inclusive as an Open Church and offer an Open Invitation to all in the service of Jesus Christ. As things have opened up we have been pleased to see new people joining the Church and we are reaching out to those who can’t get to the Church using the new technologies that are now available online. We use Facebook and Twitter and our website to publicize our activities and our YouTube channel allows us to Livestream our Sunday Morning Services, which are also available afterwards. Our thanks go to Martin Gray who is our chief technical expert. And you can be assured that the latest Safeguarding, Data Protection and Copyright legislation is kept up to date.

Prayer is brought to all Church activities in a real desire to put into practice the will of God and develop as a Church that is a true expression of His Kingdom here on Earth. As we do so we are seen to be fulfilling our ‘mission statement’ of LETTING PEOPLE KNOW ABOUT THE LOVE OF JESUS CHRIST.

Rev’d Michael Eden

2022 Annual Report

Page 4

The Parochial Church Council of St Peter & St Mary, Stowmarket

Trustee’s Report for the Year ended 31st December 2022

Financial Review

Total incoming resources in the year amounted to £209,950 (2021: £338,319), with total expenditure incurred at £227,070 (2021: £330,984). Overall the net movement in funds, when taking account of investments gains, was a net outflow of £21,844 (2021: net inflow of £12,402). The net assets of the PCC at the balance sheet date were £475,372 compared with £497,216 in the previous year.

Investment policy and performance

There is no intention to retain funds over the longer term and cash not immediately required is placed on deposit with the Church of England. The Finbow Endowment Fund is an investment held and administered by the Diocese. A new Long Term Investment fund has been created with some of the proceeds of the sale of Café 52, and this has been invested by the Diocese on the church’s behalf in a mix of property and equity based funds managed by CCLI.

Reserves Policy

The General Fund is intended to carry three to four months balances to provide for contingencies in the coming year and to provide sufficient cash flow to cover the regular transactions. At the year end the balance on the General Fund amounted to £22,802. This is approximately two months’ worth of expenditure in this fund. The Trustees will continue to closely monitor this balance in 2023 in conjunction with incoming resources and expenditure to meet its reserves policy going forwards.

The 3Rs balance will vary according to the expenditure on projects currently in progress and planned for the near future. This requires ongoing review by the Trustees year on year to ensure that the reserve held is sufficient for upcoming projects.

The balance carried forward on the Pre-school account is being retained for the future use of the Preschool. Sufficient reserves are maintained in order for this to occur, although no formal reserves policy is in place.

Funds arising from certain legacies currently remain unspent. The PCC is taking the prudent view that this money should remain invested until there is greater certainty about future income and expenditure.

2022 Annual Report

Page 5

The Parochial Church Council of St Peter & St Mary, Stowmarket

Trustee’s Report for the Year ended 31st December 2022

Structure, Governance and Management

The Parochial Church Council of St Peter and St Mary, Stowmarket is a body established by the Church of England. The PCC operates under the Parochial Church Powers measure 1956, as amended, and Church Representation Rules.

The PCC is also registered as a charity with the Charity Commission in England and Wales, charity no. 1132857, and the PCC members form the Board of Trustees of the Charity.

Trustees

The Trustees who served during the year were:

Rev’d Michael Eden (Chair) Wesley Gerald Barnett (Assistant Churchwarden, Vice Chair from June 2022) Charlotte White (Vice Chair, Term Ended April 2022) Daniel Sparks (Churchwarden, resigned November 2022) Michelle Sparks (Churchwarden, resigned November 2022) Marion Gray (Deanery Synod Representative) Matt Levett (Deanery Synod Representative) Rev’d Richard Stretch (Curate) Michael Munson Judy Eden (Appointed April 2022) Peter Shoesmith (Appointed April 2022) Gloria Gord (Term Ended April 2022) Sheila Taylor (Resigned October 2022)

Administration of the Charity

The Charity is administered by the Board of Trustees, which is the Parochial Church Council. The Trustees meet every month (except in August and December) to review the performance and governance of the Charity. The PCC has various committees reporting to it, grouped into three areas: Building and Finance; Mission and Outreach; Ministry and Worship. The PCC establishes other committees as required to deal with specific issues and events.

Recruitment, appointment and training of Trustees

The appointment of PCC members is governed by and set out in the Church Representation Rules. Members are appointed at the Annual Parochial Church Meeting and additional members can be coopted by the appointed members.

The Board recognises the need of Trustees to reflect a wide and diverse range of skills and interests. The Trustees will periodically review the composition of the Board, identifying the need for additional expertise where necessary. The majority of Trustees are identified through word of mouth and knowledge of the Charity. Trustees will review any potential candidate to ensure that they complement the Charity and the Board. Newly nominated trustees are usually briefed by the Chairman and receive background information on the Charity as necessary.

Risk Assessment

Systems have been established which mitigate the major risks to which the Church is exposed. Major events, such as the Christmas Tree Festival, are subject to additional risk assessment.

2022 Annual Report

Page 6

The Parochial Church Council of St Peter & St Mary, Stowmarket

Trustee’s Report for the Year ended 31st December 2022

Safeguarding

Comprehensive safeguarding measures are in place, overseen by a Safeguarding Officer. The PCC has complied with the duty under Section 5 of the Safeguarding and Clergy Discipline Measure2016 (duty to have due regard to House of Bishops’ guidance on safeguarding children and vulnerable adults).

Trustees’ Responsibilities

The Charity Trustees are responsible for preparing a Trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to Charities in England and Wales requires the Trustees to prepare Financial Statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources of the Charity for that period. In preparing the financial statements, the Trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the applicable Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards have been followed, subject to any departures disclosed and explained in the Financial Statements; and
prepare the Financial Statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the requirements of the Church of England.

They are also responsible for safeguarding the assets of the Charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are responsible for the maintenance and integrity of the Charity and financial information included on the Charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of the financial statements may differ from legislation in other jurisdictions.

Approved by the Trustees on 24[th] April 2023 and signed on their behalf by:

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Rev’d Michael Eden – Chairman

2022 Annual Report

Page 7

Independent Examiner’s Report

The Parochial Church Council of St Peter & St Mary, Stowmarket

Independent Examiner’s Report

Independent Examiner’s Report to the Trustees of The Parochial Church Council of St Peter and St Mary, Stowmarket

I report on the Financial Statements of the Charity for the year ended 31 December 2022, which are set out on pages 9 to 21

Respective Responsibilities of Trustees and Examiner

The Charity’s Trustees are responsible for the preparation of the Financial Statements. The Charity’s Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011, and that an independent examination is needed. It is my responsibility to:-

examine the Financial Statements under section 145 of the Act;
follow the procedures laid down in the General Directions given by the Charity Commissioners under section 145(5)(b) of the Act; and
state whether particular matters have come to my attention.

Basis of Independent Examiner’s Report

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the Financial Statements presented with those records. It also includes consideration of any unusual items or disclosures in the Financial Statements, and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.

Independent Examiner’s Statement

In connection with my examination, no matter has come to my attention:-

(1) which gives me reasonable cause to believe that in any material respect the requirements
to keep accounting records in accordance with section 130 of the 2011 Act; and
to prepare Financial Statements which accord with the accounting records and to comply with the accounting requirements of the Act have not been met; or
(2) or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the Financial Statements to be reached.

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Signed ………………………………………………………………
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Date …………………………………………
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Geoff Mann FCIE Geoff Mann Limited Dee House Highworth Avenue Cambridge CB4 2BQ

2022 Annual Report

Page 8

Statement of Financial Activities for Statement of Financial Activities for Statement of Financial Activities for the year ended 31 December 2017 the year ended 31 December 2017 the year ended 31 December 2022

The Parochial Church Council of St Peter & St Mary, Stowmarket

Statement of Financial Activities for the year ended 31 December 2022

Notes Income Donations and Legacies Other Trading Activities Investments Charitable Activities Other Total Income 1 and 2 Expenditure Charitable Activities Raising Funds Total Expenditure 1 and 3 Net Income/(Expenditure) Transfers Between Funds 5 Net Income/(Expenditure) and Net Movement in Funds before gains and losses on investments Other Recognised Gains and Losses Realised Gains/(Losses) on Investments 8b Movement in Funds for the Year Reconciliation of Funds Total Funds Brought Forward Total Funds Carried Forward	2022 2021 Unrestricted Restricted Endowment Total Unrestricted Restricted Endowment Total Funds Funds Funds Funds Funds Funds Funds Funds £ £ £ £ £ £ £ £ 65,679 42,011 0 107,690 78,025 108,517 0 186,542 221 6,666 0 6,887 0 5,378 0 5,378 1,488 667 0 2,155 1,059 32 0 1,091 18,741 74,156 0 92,897 7,603 60,969 0 68,572 321 0 0 321 10 76,726 0 76,736
	86,450 123,500 0 209,950 86,697 251,622 0 338,319
	131,174 94,055 0 225,229 107,145 222,733 0 329,878 81 1,760 0 1,841 96 1,010 0 1,106
	131,255 95,815 0 227,070 107,241 223,743 0 330,984
	(44,805) 27,685 - (17,120) (20,544) 27,879 - 7,335 41,711 (41,711) - - 20,000 (20,000) - -
	-3,094 -14,026 0 -17,120 -544 7,879 0 7,335 - - (4,724) (4,724) - - 5,067 5,067
	-3,094 -14,026 -4,724 -21,844 -544 7,879 5,067 12,402 294,782 162,126 40,308 497,216 295,326 154,247 35,241 484,814
	291,688 148,100 35,584 475,372 294,782 162,126 40,308 497,216

Statement of Total Recognised Gains and Losses

There were no recognised gains or losses for 2022 or 2021 other than those included in the Statement of Financial Activities

2022 Annual Report

Page 9

Statement of Financial Activities for Notes to the Financial Statements for Statement of Financial Activities for the year ended 31 December 2017 the year ended 31 December 2017 the year ended 31 December 2022

The Parochial Church Council of St Peter & St Mary, Stowmarket

Balance Sheet as at 31 December 2022

Notes Fixed Assets Tangible assets Investments Total Fixed Assets 8 Current Assets Stock Debtors 9 Short term deposits Cash at bank and in hand Total Current Assets Liabilities Creditors: amounts falling due within one year 10 Net Current Assets Net Assets The Funds of the Charity 11 Unrestricted Restricted Endowment Total Charity Funds 12	2022 2021 £ £ £ £ 214,344 218,629 35,584 40,308 249,928 258,937 0 1,007 18,814 56,674 194,712 136,545 36,446 58,878 249,972 253,104 24,528 14,825 225,444 238,279 475,372 497,216 291,688 294,782 148,100 162,126 35,584 40,308 475,372 497,216

Authorised by the Parochial Church Council on 24 April 2023 and signed on its behalf by:

…………………………………………………………. …………………………………………………………….. Rev'd M Eden (Chairman) (Churchwarden)

2022 Annual Report

Page 10

The Parochial Church Council of St Peter & St Mary, Stowmarket

Notes to the Financial Statements for the year ended 31 December 2022

1. Accounting Policies

a) Basis of Preparation

The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost of transaction value unless otherwise stated in the relevant note(s) to these accounts.

The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) as updated on 2 February 2016 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

The accounts 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’ view. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and updated February 2016 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The Charity constitutes a public benefit entity as defined by FRS 102.

The Trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.

b) Fund Accounting

The General Fund represents 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 Charity. Some of the other funds are similarly unrestricted, some are designated, and some are restricted. Designated funds are those that have been earmarked for a purpose but could still be used for general purposes if the PCC decided to do so. Restricted funds may only be used for the purpose for which they are given. The purpose of any designated and restricted funds is included within note 12. The PCC does not invest separately for each fund and interest is apportioned.

c) Income

All income is recognised once the charity has entitlement to the income and there is sufficient certainty of receipt so that it is probable that the income will be received, and the amount of income receivable can be measured reliably. Planned giving, collection and donations are recognised when received. Income Tax recoverable on Gift Aid donations is recognised when the income is recognised. Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable and its receipt by the PCC is reasonably certain.

d) Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

All expenditure is accounted for on an accruals basis. The Parish Share was paid in full during the year.

e) Irrecoverable VAT

Irrecoverable VAT is charged against the expenditure heading for which it was incurred.

f) Fixed Assets

Consecrated and beneficed property is excluded from the accounts in accordance with the Charities Act 2011.

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's inventory, which can be inspected by arrangement. For inalienable property acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements. All expenditure incurred in the year on consecrated or beneficed buildings is written off.

No cost information is available for St Peter's Hall or St Mary's Hall. Both appear in the financial statements at their insurance valuations in 1997 when they were first included. No depreciation has been provided as the buildings have long lives and the residual values are considered to be higher than the book values. The cost of alterations to provide and improve an outside play area has been capitalised and is being depreciated over10 years.

Investments are valued at market value at 31 December 2022.

Equipment is depreciated on a straight-line basis over 5 to 10 years according to its expected useful life. Items such as the silverware and handbells are not depreciated as they are expected to retain their value.

g) Current Assets

Amounts owing to the PCC at 31 December 2022 in respect of fees, rents or other income are shown as debtors less any provision for amounts that may prove uncollectable.

Stock of saleable items, where material, is valued at the lower of cost and net realisable value.

Short-term deposits are defined as balances held on deposit with CAF Bank and the Central Board of Finance Church of England Deposit Fund.

2022 Annual Report

Page 11

The Parochial Church Council of St Peter & St Mary, Stowmarket

Unrestricted Funds	Unrestricted Funds	Unrestricted Funds	Restricted Funds	Restricted Funds	Restricted Funds	Restricted Funds	Restricted Funds	Restricted Funds	Restricted Funds	Restricted Funds	Restricted Funds	Restricted Funds	Restricted Funds
General Other Total Fund Funds Funds			Fabric Pre school Other POPA* Special Long Term Fund Funds Fund Collections Investment											Total Funds
35,720 35,720 9,558 9,558 13,653 13,653 1,637 1,637 275 - 275 - 668 668 - - - 4,168 4,168			1,039 1,581 2,440 25,714 1,907 - 5,000 4,330 -											- - - - 5,060 25,714 1,907 5,000 4,330
65,679 - 65,679			7,276 - 32,295 - 2,440											42,011
221 221 -			5,492 - 1,174 -											5,492 1,174
221 - 221			6,666 - - - -											6,666
82 1,406 1,488			245 422											667
82 1,406 1,488			245 - 422 - -											667
- 766 766 5,014 5,014 5,184 5,184 6,150 6,150 1,627 1,627			74,096 60											74,096 - - - - 60
18,741 - 18,741			- 74,096 60 - -											74,156
45 45 276 276 321 - 321			-											- -
			- - - - - -											-
85,044	1,406	86,450	14,187	74,096		32,777		-		2,440		-		123,500
13 16 14 15 16 17 25
Unrestricted Funds			Restricted Funds
General Other Total Fund Funds Funds			Fabric Pre school Other POPA* Special Long Term Fund Funds Fund Collections nvestmen											Total t Funds
39,273 39,273 10,215 10,215 14,015 14,015 1,267 1,267 2,074 - 2,074 - 289 289 4,875 1,000 5,875 5,017 5,017			5,345 804 1,481 30,000 22,838 - 48,049 -											- - - - 7,630 30,000 22,838 - 48,049
77,025 1,000 78,025			76,232 - 30,804 - 1,481											108,517
- -			3,939 - 1,439 -											3,939 1,439
- - -			5,378 - - - -											5,378
9 1,050 1,059			11 21											32
9 1,050 1,059			11 - 21 - -											32
- 414 414 2,496 2,496 2,747 2,747 - - 1,946 1,946			60,969 -											60,969 - - - - -
7,603 - 7,603			- 60,969 - - -											60,969
- 10 10			76,726											76,726 -
10 - 10			- - - - - 76,726											76,726
84,647	2,050	86,697	81,621		60,969		30,825		-		1,481		76,726	251,622
13 16 14 15 16 17 25

*Pre-School Outside Play Area

2022 Annual Report

Page 12

The Parochial Church Council of St Peter & St Mary, Stowmarket

Unrestricted F	unds	Restricted Funds	Restricted Funds
General Other Fund Funds	Total Funds	Fabric Pre school Other POPA* Special Long Term Total Fund Funds Fund Collections Investment Funds
1,000 500 -	1,000 500 -	- - - 2,440 2,440
1,500 - 72,554 2,343 3,215 - 18,648 6,827 - - 1,325 1,357 83 - 7,295 13,618 2,151 258	1,500 72,554 2,343 3,215 18,648 6,827 - 1,325 - 1,440 - 7,295 13,618 - 2,151 258	- - - - 2,440 - 2,440 - - 2,961 2,961 - 1,483 1,483 1,076 1,076 359 373 1,470 2,202 67,457 67,457 477 2,159 209 2,845 - - - - 13,537 13,537 54 54 -
129,766 1,408	131,174	15,503 67,457 6,976 209 2,440 1,470 94,055
81	81 -	- 1,760 1,760
81 -	81	1,760 - - - - - 1,760
129,847 1,408	131,255	17,263 67,457 6,976 209 2,440 1,470 95,815
13 16	14 15 16 12 17 25
Unrestricted	Funds		Restricted Funds
General Other Fund Funds	Total Funds		Fabric Pre school Other POPA* Special Long Term Total Fund Funds Fund Collections nvestmen Funds
- 1,000 500	- 1,000 500		- - - 1,481 1,481
1,500 - 72,187 2,645 1,738 250 9,672 3,367 - 390 1,766 83 - 3,923 7,253 2,066 305	1,500 72,187 2,645 1,988 9,672 3,367 - 390 - 1,849 - 3,923 7,253 - 2,066 305		- - - - 1,481 - 1,481 - - 6,553 6,553 3,101 3,101 2,163 2,163 - - 59,116 59,116 477 2,158 209 2,844 - - - - 147,472 147,472 3 3 -
106,812 333	107,145		147,952 59,116 10,874 209 1,481 3,101 222,733
96	96 -		- 1,010 1,010
96 -	96		1,010 - - - - - 1,010
106,908 333	107,241		148,962 59,116 10,874 209 1,481 3,101 223,743
13 16	14 15 16 12 17 25

*Pre-School Outside Play Area

2022 Annual Report

Page 13

The Parochial Church Council of St Peter & St Mary, Stowmarket

4.

Staff Costs The staff costs were: Wages and Salaries Employer's National Insurance	2022 2021 £ £ 69,280 60,487 0 0
	69,280 60,487

During the year the PCC employed 7 Pre-School staff and 2 cleaners, all of whom were part time. No member of staff received remuneration of more than £60,000.

The PCC did not pay remuneration to any of the Trustees in the year; expenses totalling £2,343 (2021 - £2,645) wer reimbursed to 1 Trustee (2021 - 1).

5. Transfers Between Funds (2022)

Church Charity Warm Space Grant Pre School Verger Fund	General Other Funds Total Funds Fund Unrestricted Unrestricted £ £ £ 35,751 - 35,751 2,000 2,000 3,900 3,900 60 60	Pre-School Other Funds Total Funds Restricted Restricted £ £ £ - (35,751) (35,751) (2,000) (2,000) (3,900) (3,900) (60) (60)	Pre-School Other Funds Total Funds Restricted Restricted £ £ £ - (35,751) (35,751) (2,000) (2,000) (3,900) (3,900) (60) (60)	Pre-School Other Funds Total Funds Restricted Restricted £ £ £ - (35,751) (35,751) (2,000) (2,000) (3,900) (3,900) (60) (60)
	41,711 - 41,711	(3,900)	(37,811)	(41,711)

Church Charity: The £35,751 transfer relates to Church Charity funds which can be allocated to the General Fund for the furtherance of the Charity's aims at the discretion of the PCC. Warm Space Grant This is the proportion of the grant relating to 2022

Warm Space Grant Pre School

The transfer from the Pre School to the General Fund is the amount payable to the PCC in respect of St Mary's Hall for the year

Verger Fund

This relates to waived verger fees

Transfers Between Funds (2021)

Church Charity	General Other Funds Total Funds Fund Unrestricted Unrestricted £ £ £ 20,000 - 20,000	Pre-School Other Funds Total Funds Restricted Restricted £ £ £ - (20,000) (20,000)
	20,000 - 20,000	- (20,000) (20,000)

Church Charity: The £20,000 transfer relates to Church Charity funds which can be allocated to the General Fund for the furtherance of the Charity's aims at the discretion of the PCC.

6. Movement in Funds for the Year

Movement in Funds for the Year
The movement in funds for the year is stated after charging:	2022	2021
	£	£
Independent Examination fee	258	305
Additional payments to examiner for preparation of Financial Statements	831	831
Depreciation of Owned Assets	4,285	4,693

7. Related Party Transactions

There were no related party transactions during the year ended 31/12/2022.

Some of the Trustees of the Stowmarket Church Charity are also members of the PCC. During the year £25,714 (2021 - 30,000) was paid by the Church Charity to the church.

During the year donations of £16,740 (2021 - £15,674) were received by the Church from 9 (2021 - 7) Trustees.

2022 Annual Report

Page 14

The Parochial Church Council of St Peter & St Mary, Stowmarket

______ 8(a) Tangible Fixed Assets Cost Balance at 1 January 2022 Additions Disposals Balance at 31 December 2022 Depreciation Balance at 1 January 2022 Charge for the year Disposals Balance at 31 December 2022 Net Book Value At 31 December 2022 At 1 January 2022 8(b). Fixed Assets Investments CBF Investment Fund (1,723.56 shares) Market Value at beginning of year Net Gain/(Loss) on Disposal/Revaluation Market Value at end of year 9. Debtors falling due within one year Prepayments and Accrued Income Other Debtors 10. Creditors falling due within one year Accruals and Deferred Income Creditors for Goods and Services 11 Analysis of Net Assets by Funds Tangible Fixed Assets Fixed Assets Investments Net Current Assets	__________ Freehold Functional Total land and equipment buildings £ £ £ 193,669 91,765 285,434 0 0 0 0 0 0 193,669 91,765 285,434 25,911 40,894 66,805 209 4,076 4,285 0 0 0 26,120 44,970 71,090 167,549 46,795 214,344 167,758 50,871 218,629 2022 2021 Cost Market Cost Market Value Value £ £ £ £ 14,484 35,584 14,484 40,308 40,308 35,241 (4,724) 5,067 35,584 40,308 2022 2021 £ £ 17,562 45,882 1,252 10,792 18,814 56,674 2022 2021 £ £ 15,151 9,847 9,377 4,978 24,528 14,825 Unrestricted Restricted Endowment Total Funds Funds Funds Funds 194,306 20,038 0 214,344 0 0 35,584 35,584 96,365 129,079 0 225,444	_______ Freehold Functional Total land and equipment buildings £ £ £ 193,669 91,765 285,434 0 0 0 0 0 0
		193,669 91,765 285,434 25,911 40,894 66,805 209 4,076 4,285 0 0 0
		26,120 44,970 71,090 167,549 46,795 214,344
	263,414 149,117 35,584 475,372

2022 Annual Report

Page 15

The Parochial Church Council of St Peter & St Mary, Stowmarket

12. Fund analysis and Descriptions

Notes Unrestricted Funds General Fund 13 Other Funds 16 Capital Fund Restricted Funds Fabric Funds 14 St Peter and St Mary's Pre-School 15 Pre-School Outside Play Area Other Funds 16 Sarginson Memorial Capital Fund Special Collections 17 Lomg Term Investment 25 Endowment Fund Finbow Trust 8(b) Total Funds	Brought Income Expenditure Transfers Gain on Carried Forward Investment Forward £ £ £ £ £ £ 25,894 85,044 129,847 41,711 - 22,802 49,849 1,406 1,408 - - 49,847 190,765 0 0 - - 190,765
	266,508 86,450 131,255 41,711 - 263,414 33,259 14,187 17,263 - - 30,183 26,303 74,096 67,457 (3,900) - 29,042 758 0 209 - - 549 79,680 32,777 6,976 (37,811) - 67,670 400 0 0 - - 400 0 2,440 2,440 - - 0 50,000 0 1,470 - 48,530
	190,400 123,500 95,815 -41,711 0 176,374 40,308 0 0 - (4,724) 35,584
	497,216 209,950 227,070 - (4,724) 475,372

The General Fund represents funds which are available for the application and general purpose of the PCC in furtherance of its charitable objectives.

Capital Fund

The Capital Fund was created in 1997 when assets were first shown in the accounts.

Fabric Fund (note 14)

This fund includes funds designated for the restoration of the church building and includes money restricted by donors. Some donations are made for specific projects and are thus further restricted. The objects of the 3Rs Fund are a programme of restoration, renovation and reordering of all the church buildings as required.

St Peter and St Mary's Pre-School (note 15)

The Pre-school raises funds, partly by charging fees for attendance, but also receives funding from the Department for Education and Employment. From this income it meets its staff and other operating costs and purchases play equipment, which is normally written off in the year of purchase. Within the balance carried forward is £20,400 ring-fenced for redundancy pay should it be required.

Pre-school Outside Play Area

This fund represents the fixed assets of the outside play area of the Pre-school.

Other Funds (note 16)

Other funds relates to other various items which are administered by the charity. These are reviewed in detail per note 16.

Sarginson Memorial Capital Fund

This fund provides income for the purchase of flowers for the decoration of the Sarginson Memorial.

Special Collections

Special collections relates to amounts collected on behalf of other charities. The total of items received is paid over to the respective charity, as intended by the donor.

Long Term Investments

Initially holding the surplus from the Sale of Cafe52, this fund is held by the Diocese and invested primarily for income.

Endowment

The endowment amount relates to a legacy received from Miss H Finbow, the capital of which is held by the Diocese.

Transfers which have occurred during the year above have been detailed further in Note 5 of the financial statements.

2022 Annual Report

Page 16

The Parochial Church Council of St Peter & St Mary, Stowmarket

General Fund 13.	2022	2021	*Budget* *2022*
Income Income from members and visitors Planned Giving: Gift Aid Donations Income Tax recoverable Fundraising Charities Aid and Other Planned Giving Open Collections Donations Total Income from members and visitors Income from Parochial Activities Rent Church Rent St Peter's Hall Rent St Mary's Hall (excl.Pre-School) Osier Café Rent Fees Weddings and Funerals Miscellaneous Income Total Income from Parochial Activities Special Gift Listed Places of Worship Scheme VAT refund Council Grants Coronavirus Job Retention Scheme Grants Other donations Profit on sale of assets Rental income Bank Interest Investment Income Total Income	£ 35,720 9,558 221 13,653 1,637 275	£ 39,273 10,215 - 14,015 1,267 2,074	£ 36,000 10,000 14,000 2,500 1,000
	61,064 766 5,014 5,184 6,150 1,627 171	66,844 414 2,496 2,747 - 1,946 10	*63,500* 630 3,600 4,600 6,000 2,500
	18,912 - 668 4,168 - 95 45 10 82 -	7,613 4,875 289 4,573 444 - - - 9 -	*17,330* - 500 - - - - - 15 1,500
	*85,044*	*84,647*	*82,845*
Expenditure Donations Activities directly relating to the work of the Church Ministry Parish Share: Expenses paid to Vicar and Assistants Church Maintenance Church Property Expenses (note 18) Parochial Expenses (note 19) Weddings and Funerals Administration (note 21) Youth Work Independent Examination Stewardship Envelopes Cafe 52 (note 20) St Peter's Hall - Property Expenses (note 18) St Mary's Hall - Property Expenses (note 18) Total Expenditure	1,500 72,554 2,343 3,215 18,648 8,184 - 2,151 - 258 81 - 7,295 13,618	1,500 72,187 2,645 1,738 9,672 5,133 - 2,066 - 305 96 390 3,923 7,253	1,500 72,554 2,182 5,749 11,600 6,900 2,100 300 100 - 4,300 8,000
	129,847	106,908	*115,285*
Deficit for year before transfers Transfer from Special Funds - Church Charity Transfer from other restricted funds (Warm Space Grant Rent paid by Pre-School to PCC Transfer from Verger Fund (note 26) Surplus (deficit) for year Surplus brought forward Balance on General Fund	(44,803) 35,751 ) 2,000 3,900 60	(22,261) 20,000 - - -	*(32,440)* 20,000 1,200
	(3,092) 25,894	(2,261) 28,155	*(11,240)* 28,155
	22,802	25,894	*16,915*

2022 Annual Report

Page 17

The Parochial Church Council of St Peter & St Mary, Stowmarket

14. Fabric Funds	14. Fabric Funds	Balance January 2022	Balance January 2022	Received 2022 and transfers in	Received 2022 and transfers in	Paid 2022 and transfers out	Paid 2022 and transfers out	Balance December 2022	Balance December 2022
3Rs - Restoration, Renovation and Reordering Donations Gift Aided Donations Christmas Tree Festival Dons Christmas Tree Festival (Gift Aided) Christmas Tree Festival Other Other Fundraising Income tax recoverable Interest LPOW VAT Recovery Council Grants Other Grants Christmas Tree Festival Card Dons Investment revaluation Bank charges West End Project North West Windows Boiler replacement 3Rs other Total Kitchen Church Brochure Stock Total Fabric Funds		Unrestricted £	Restricted £ 27,890 12,625 - 15,265	Unrestricted £	Restricted £ 968 70 2,534 82 1,115 888 1,174 245 1,907 330 4,000 874 - 300 13,887 - -	Unrestricted £	Restricted £ 1,829 (69) - 359 54 13,537 - 15,710 477 1,076	Unrestricted £	Restricted £ 26,367 12,625 300 13,442
			27,890 4,293 1,076						26,367 3,816 -
		-	33,259	-	14,187	-	17,263	-	30,183


15. St Peter and St Mary's Pre-School								2022	2021
								Restricted £	Restricted £
Balances brought forward Pre-school General Fund Redundancy Fund Income Fees Funding from Department for Education and Employment Donations Gift aid tax Interest on redundancy fund Grants Polo shirts and Sweatshirts Others Total income
								8,703 17,600	7,450 14,400
								26,303	21,850
								3,856 68,924 50 1,250 71 - - (55)	1,125 51,849 6,250 - - 1,340 74 331
								74,096	60,969
Expenditure Staff Refreshments Equipment Administration PLA subs and insurance Nursery World T Shirts and Uniforms Ofsted Gifts and Farewells Office Equipment Training Other Rent paid to PCC Transfer to Redundancy Fund Total Expenditure								64,099 569 1,356 456 691 74 - 50 23 - 62 77	55,702 449 1,114 510 678 74 396 50 23 65 55 -
								67,457 3,900 2,729	59,116 0 600
								74,086	59,716
Surplus (Deficit) for year Balances carried forward Pre-school General Fund RedundancyFund Total Pre-school funds								10 8,642 20,400	1,253 8,703 17,600
	-school funds							29,042	26,303

2022 Annual Report

Page 18

The Parochial Church Council of St Peter & St Mary, Stowmarket

________	________ Unrestricted Restricted Unrestricted Restricted Unrestricted Restricted Unrestricted Restricted £ £ £ £ £ £ £ £ 10,000 25,714 37 35,751 - 4,221 1,059 5,280 5,088 47 150 4,985 33,553 300 995 32,858 503 15 488 2,000 59 1,941 1,399 41 1,358 1,210 36 1,174 1,000 29 971 915 230 685 540 111 429 5 5 5,000 2,000 3,000 16,141 - 1,818 14,323 175 5 17 163 144 469 24 268 2 144 763 - 50,973 378 3,317 - 48,034 415 83 332 316 316 462 1,289 1,483 268 60 60 - 49,849 79,680 1,406 32,777 1,408 44,787 49,847 67,670 Balance January 2022 Received 2022 and transfers in Paid 2022 and transfers out Balance December 2022	________ Unrestricted Restricted Unrestricted Restricted Unrestricted Restricted Unrestricted Restricted £ £ £ £ £ £ £ £ 10,000 25,714 37 35,751 - 4,221 1,059 5,280 5,088 47 150 4,985 33,553 300 995 32,858 503 15 488 2,000 59 1,941 1,399 41 1,358 1,210 36 1,174 1,000 29 971 915 230 685 540 111 429 5 5 5,000 2,000 3,000 16,141 - 1,818 14,323 175 5 17 163 144 469 24 268 2 144 763 - 50,973 378 3,317 - 48,034 415 83 332 316 316 462 1,289 1,483 268 60 60 - 49,849 79,680 1,406 32,777 1,408 44,787 49,847 67,670 Balance January 2022 Received 2022 and transfers in Paid 2022 and transfers out Balance December 2022	________ Unrestricted Restricted Unrestricted Restricted Unrestricted Restricted Unrestricted Restricted £ £ £ £ £ £ £ £ 10,000 25,714 37 35,751 - 4,221 1,059 5,280 5,088 47 150 4,985 33,553 300 995 32,858 503 15 488 2,000 59 1,941 1,399 41 1,358 1,210 36 1,174 1,000 29 971 915 230 685 540 111 429 5 5 5,000 2,000 3,000 16,141 - 1,818 14,323 175 5 17 163 144 469 24 268 2 144 763 - 50,973 378 3,317 - 48,034 415 83 332 316 316 462 1,289 1,483 268 60 60 - 49,849 79,680 1,406 32,777 1,408 44,787 49,847 67,670 Balance January 2022 Received 2022 and transfers in Paid 2022 and transfers out Balance December 2022	________ Unrestricted Restricted Unrestricted Restricted Unrestricted Restricted Unrestricted Restricted £ £ £ £ £ £ £ £ 10,000 25,714 37 35,751 - 4,221 1,059 5,280 5,088 47 150 4,985 33,553 300 995 32,858 503 15 488 2,000 59 1,941 1,399 41 1,358 1,210 36 1,174 1,000 29 971 915 230 685 540 111 429 5 5 5,000 2,000 3,000 16,141 - 1,818 14,323 175 5 17 163 144 469 24 268 2 144 763 - 50,973 378 3,317 - 48,034 415 83 332 316 316 462 1,289 1,483 268 60 60 - 49,849 79,680 1,406 32,777 1,408 44,787 49,847 67,670 Balance January 2022 Received 2022 and transfers in Paid 2022 and transfers out Balance December 2022	________ Unrestricted Restricted Unrestricted Restricted Unrestricted Restricted Unrestricted Restricted £ £ £ £ £ £ £ £ 10,000 25,714 37 35,751 - 4,221 1,059 5,280 5,088 47 150 4,985 33,553 300 995 32,858 503 15 488 2,000 59 1,941 1,399 41 1,358 1,210 36 1,174 1,000 29 971 915 230 685 540 111 429 5 5 5,000 2,000 3,000 16,141 - 1,818 14,323 175 5 17 163 144 469 24 268 2 144 763 - 50,973 378 3,317 - 48,034 415 83 332 316 316 462 1,289 1,483 268 60 60 - 49,849 79,680 1,406 32,777 1,408 44,787 49,847 67,670 Balance January 2022 Received 2022 and transfers in Paid 2022 and transfers out Balance December 2022	________ Unrestricted Restricted Unrestricted Restricted Unrestricted Restricted Unrestricted Restricted £ £ £ £ £ £ £ £ 10,000 25,714 37 35,751 - 4,221 1,059 5,280 5,088 47 150 4,985 33,553 300 995 32,858 503 15 488 2,000 59 1,941 1,399 41 1,358 1,210 36 1,174 1,000 29 971 915 230 685 540 111 429 5 5 5,000 2,000 3,000 16,141 - 1,818 14,323 175 5 17 163 144 469 24 268 2 144 763 - 50,973 378 3,317 - 48,034 415 83 332 316 316 462 1,289 1,483 268 60 60 - 49,849 79,680 1,406 32,777 1,408 44,787 49,847 67,670 Balance January 2022 Received 2022 and transfers in Paid 2022 and transfers out Balance December 2022	________ Unrestricted Restricted Unrestricted Restricted Unrestricted Restricted Unrestricted Restricted £ £ £ £ £ £ £ £ 10,000 25,714 37 35,751 - 4,221 1,059 5,280 5,088 47 150 4,985 33,553 300 995 32,858 503 15 488 2,000 59 1,941 1,399 41 1,358 1,210 36 1,174 1,000 29 971 915 230 685 540 111 429 5 5 5,000 2,000 3,000 16,141 - 1,818 14,323 175 5 17 163 144 469 24 268 2 144 763 - 50,973 378 3,317 - 48,034 415 83 332 316 316 462 1,289 1,483 268 60 60 - 49,849 79,680 1,406 32,777 1,408 44,787 49,847 67,670 Balance January 2022 Received 2022 and transfers in Paid 2022 and transfers out Balance December 2022	________ Unrestricted Restricted Unrestricted Restricted Unrestricted Restricted Unrestricted Restricted £ £ £ £ £ £ £ £ 10,000 25,714 37 35,751 - 4,221 1,059 5,280 5,088 47 150 4,985 33,553 300 995 32,858 503 15 488 2,000 59 1,941 1,399 41 1,358 1,210 36 1,174 1,000 29 971 915 230 685 540 111 429 5 5 5,000 2,000 3,000 16,141 - 1,818 14,323 175 5 17 163 144 469 24 268 2 144 763 - 50,973 378 3,317 - 48,034 415 83 332 316 316 462 1,289 1,483 268 60 60 - 49,849 79,680 1,406 32,777 1,408 44,787 49,847 67,670 Balance January 2022 Received 2022 and transfers in Paid 2022 and transfers out Balance December 2022
16. Other Funds	Balance January 2022		Received 2022 and transfers in		Paid 2022 and transfers out		Balance December 2022
Interest Transferred to General Fund Legacies Miss H Finbow Transferred to General Fund Interest Ms J McLeod Interest Investment Revaluation Mrs M Cawte Interest Investment Revaluation Ms E Cobbold Interest Investment Revaluation Other Adamson Legacy Investment Revaluation Seeley Legacy Investment Revaluation Anonymous Gift Investment Revaluation Miller Roof Alarm Fund Defibrillator Fund Churchyard Other Restricted Audio Visual (note 22) Sarginson Memorial Fund Interest Investment Revaluation Bell Fund Income Fundraising Interest Expenditure Bells Restoration Fund (note 23) Oldfield Fund Legacy: lectern Legacy: balance Youth BBGA (note 24) Verger Fund waived fee Total Other Funds Stowmarket Church Charity	Unrestricted £ 4,221 5,088 33,553 503	Restricted £ 10,000	Unrestricted £ 1,059 47 300	Restricted £ 25,714 37	Unrestricted £ 150 995 15	Restricted £ 35,751	Unrestricted £ 5,280 4,985 32,858 488 1,941 1,358 1,174 971	Restricted £ - 685 429 5 3,000 14,323 163 763 48,034 268 -
	2,000 1,399 1,210 1,000 144 - 415 316				59 41 36 29
		915 540 5 16,141 175 469 50,973 462		5,000 - 5 24 268 2 378 1,289 60	83	230 111 2,000 1,818 17 3,317 1,483 60	144 - 332 316
	49,849	79,680	1,406	32,777	1,408	44,787	49,847	67,670

Stowmarket Church Charity

This charity provides funds for the use of the PCC as described in the Trust Deed.

Legacy Miss H Finbow

This is an Endow ment Fund, the income from w hich is unrestricted. The Capital is held by the Diocese.

Sarginson Memorial Fund

This fund is restricted to the purchase of flow ers for the decoration of the Sarginson Memorial.

Bell Fund

The church receives fees from w edding couples and others w ho w ish the bells to be rung, and normally uses the money to pay bell ringers and to finance minor repairs to the bells.

Roof Alarm Fund

The roof alarm w as part-funded by a grant from the Suffolk Historic Churches Trust. Depreciation of the grant-funded portion is charged to this fund.

Defibrillator Fund

A grant w as provided by Mid-Suffolk District Council for purchase of a defibrillator and associated training and/or signage costs.

Bells Restoration Fund

The Bells Restoration Fund has been established to enable the restoration and enhancement of the bells and bell frame inthe church tow er

Oldfield

A donation w as received from the estate of the late Edw in Oldfield. A memorial lecturn w as purchased, the depreciation of w hich is charged to this fund.

Youth

This fund w as created to receive the residue of the Deanery Youth Cafe account w hen this w as closed

2022 Annual Report

Page 19

The Parochial Church Council of St Peter & St Mary, Stowmarket

17. Special Collections and Donations	17. Special Collections and Donations	17. Special Collections and Donations	17. Special Collections and Donations			18. PropertyExpenses	18. PropertyExpenses	18. PropertyExpenses	18. PropertyExpenses	18. PropertyExpenses
Food Bank Royal British Legion Town Mayor's Charities RAFA Ukraine Relief Street Kids Care for the Family UCB Kagera Trussel Trust World Day of Prayer Christian Aid	Special Collections (Restricted)		from PCC Funds	from PCC Funds		Church Gas Electricity Insurance Other St Peter's Hall Gas Electricity Insurance Cleaning Major repairs Other St Mary's Hall Electricity Insurance Cleaning Internet Major repairs Other			2022	2021
	Rec'd 2022 £ 254 676 619 50 239 500 0 0 0 10 77 15	Paid 2022 £ 254 676 619 50 239 500 0 0 0 10 77 15	Paid 2022 £ 500 0 0 0 0 500 500 0 0 0 0	Paid 2021 £ 500 0 0 0 0 0 0 500 500 0 0					£ 6,699 5,836 4,990 1,123	£ 2,168 1,845 4,761 898
										9,672
									18,648
									646 903 - 2,221 935 2,590	278 544 - 1,989 - 1,112
	2,440	2,440	1,500	1,500
									7,295	3,923

									4,528 - 2,960 - 4,060	3,842 - 2,796 - - 615

19. Parochial Expenses
Depreciation Functions Expenses of Church Services Fees to diocese Music Stationery Subscriptions Bank Charges Other			2022	2021
			£ 1,357	£ 1,766 - 274 - 1,022 1,736 95 86 154
			22
			602 850 1,892 2,118 145 94 1,104						2,070
									13,618	7,253


						20. Café 52 Expenses
						Electricity Insurance Cleaning Repairs Other			2022	2021
									£ - - - - -	£ 128 - - - 262
			8,184	5,133

21. Administration
Accountancy Internet Telephone Other			2022	2021
			£ 800 -	£ 831 - 1,235 -

			1,351						-	390
			-
			2,151	2,066

									nce er 2022 Restricted £ 1,523 12,800 14,323
22. Audio Visual Fund		Balance January 2022		Received 2022 and transfers in		Paid 2022 and transfers out		Bala Decemb	nce er 2022
AV Equipment (2020) Depreciation AV Equipment (2021) Brought forward Interest Expenditure Tfrs between funds Depreciation Total Audio Visual Fund		Unrestricted £	Restricted £ 1,741 14,400	Unrestricted £	Restricted £	Unrestricted £	Restricted £ 218 1,600	Unrestricted £	Restricted £ 1,523 12,800

		-	16,141	-	-	-	1,818	-	14,323

2022 Annual Report

Page 20

The Parochial Church Council of St Peter & St Mary, Stowmarket

23. Bells Restoration Fund	23. Bells Restoration Fund	Balance January 2022	Balance January 2022	Received 2022 and transfers in	Received 2022 and transfers in	Paid 2022 and transfers out	Paid 2022 and transfers out	Balance December 2022	Balance December 2022	Income Expense £ £ 50,000 1,470 48,530 50,000 50,000	Income Expense £ £ 50,000 1,470 48,530 50,000 50,000	Income Expense £ £ 50,000 1,470 48,530 50,000 50,000
Brought forward Donations Fundraising Income Interest Expenditure Investment Revaluation Total Bells Restoration Funds		Unrestricted £ -	Restricted £ 50,973	Unrestricted £	Restricted £ 378	Unrestricted £	Restricted £ 2,961 356	Unrestricted £ -	Restricted £ 48,034
		-	50,973	-	378	-	3,317	-	48,034



24. Boys Brigade and Girls Association						25. Long Term Investment
Subscriptions Donations Fundraising Events income Other income Equipment Activities Events Capitation Other Refreshments Bank charges	2022		2021			Brought Forward Investment Revalua Carried Forward			tion	Income £ 50,000	Expense £ 1,470 48,530
	Income £	Expense £	Income £ 210 78 0 28 158	Expense £ 1,510 25 54 410 143 21 0
	631 600 0 58 0	1,033 8 89 298 0 4 51


										50,000	50,000




	1,289	1,483	474	2,163



26. Verger						27. Diocese
Fees received Expenses Vicar's expenses Asst's expenses Transfer	2022		2021						20	22	2021
	Income £	Expense £	Income £ 0	Expense					Income	Expense	Income	Expense £ 0
				£ 0 0 0 0		Fees received Expenses			£	£	£ 0
	704	470 31 143 60							218	218
									218	218	0	0

	704	704	0	0

2022 Annual Report

Page 21