2022-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of Hitchin, St Mary

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CONTENT	S OFTHE FINANCIAL STA YEAR I ~	TEMENTS u
			Pago
Rcport ofthe Trustees		I	to	5
Independent Evandner's	Report
Statement ofFinancial	Activities
Statetuent ofFinancial	Position
Notes to the Financial Statemeuts		9	to	22
Detailed Statentent ofFinancial Activities		23	to	24

								31,12.22	31.12.21
					Unrestricted	Restricted	Endo&vmcnt	Total	Total
					hmds	finds	funds	timds	funds
				Notes	f	6	f.	f,	f
INCOME AND
ENDOWMENTS		FROM
Donations mid legacies					319,938	9,263		329,201	358,803
Other trading activities					28,128			28,128	17,982
Investment incense					4,430	18,455		22,885	37,220
Other income					60,862	15,365		76,227	59,966
Total					413,358	43,083		456,441	473,971
EXPENDITURE		ON
Raising ftmds					3,889			3,889	4,722
Chrmitablc activities
Promoting the niission			ofthe
Church ofEnylan&l					403,600	69,797		473,397	446,733
Total					407,489	69,797		477,286	451,455
Net gains/(losses)	on investments				(17,039)		(68,131)	(85,170)	73,083
NET
INCOME/(EXPENDITURE)					(11,170)	(26,714)	(68,131)	(106,015)	95,599
Transfers betvveen		funds			(8,879)	8,879
Net movement in		funds			(20,049)	(17,835)	(68,131)	(106,015)	95,599
RECONCILIATION			OF
FUNDS
Total lbnds brought		fonvord			457,999	324,808	738,348	1,521,155	1,425,556
TOTAL FUNDS	CARRIED
FORWARD					437,950	306,973	670,217	1,415,140	1,521,155

								31.12.22	31.12.21
			Unrestricted	Restricted		Endowment		Total	Total
			funds	funds			timds	fit)lift	funds
		Notes	f		f		I
FIXEDASSETS
Tangible assets						157,000		157,000	157,000
Investments			222,718	289,339		513,217		1,025,274	1,124,617
			222,718	289,339		6)70,217		1,182,274	1481,617
CURRENT ASSETS
Debtors			18,334					18,334	13,968
Cash at bank			300,484	17,634				318,118	311,324
			318,818	17,634				336,452	325,292
CREDITORS
Amounts falling duc within		one
yeaif		10	(103,586)					(103,586)	(85,754)
NET CURRK)NT ASSETS			215,232	17,634				232,866	239,538
TOTAL ASSETSLESS
CURRENT LIABILITIES			437,950	306,973		670,217		1,415,140	1,521,155
NKT ASSETS			437,950	306,973		670,217		1,415,140	1,521,155
FUNDS
Unrestricted funds								437,950	457,999
Restricted hinds								306,973	324,808
Endo)vment funds								670,217	738,348
TOTAL FUNDS								1,415,140	1,521,155
The financial state)acute	)vere approved		by the Board of'frustees		and	authorised	for issue	2. 7 —(p —2.'3 on,.....................................,...,
and were signed on its behalf by:

OTHER TRADING ACTIVITIES
	31.12.'22	31.12.21
		f
Tmding activities	28,128	17,982
INVESTMENT INCOME
	31.12.22	31,12,21
Interest receivable	5,505	22,158
Dividend income	17,380	15,062
	22,885	37,220

	FOR THE YEAR END	ED 31 DECEMDE	R 2072
6.	2021 COMPARATIVKS FORTHE STATEMENT	OFFINANCIAL Unrestricted	ACTIVITIES Restricted	Fndonment	Total
		Iunds	funds	funds	funds
			6	f.	f.
	INCOME AtvID ENDOIVMENTS FROM Donations and legacies	355,815	2,988		358,803
	Other trading activities Inveshnent income Other income	17,982 22,117 50,416	15,103 9,550		17,982 37,220 59,966
	Total	446,330	27,641		473,971
	EXPENDITURE ON
	Raising funds	4,722			4,722
	Charitable activities Promoting tbe mission ofthe Church ofKlngland	420,317	26,416		446,733
	Total	425,039	26,416		451,455
	Net gains on investments			73,083	73,083
	NKT INCOME	21,291	1,225	L3,083	95,599
	Transfers benveen funds	(900)	900
	Net movcmeut in funds	20,391	2,125	73,083	95,599
	Rli'CONCILIATION OFFUNDS
	Total funds brought forsvard	437,608	322,683	665,265	1,425,556
	TOTAL FUNDS CARRIED FORWARD	457,999	324,808	738,348	1,521,155

	FOR THK YEAR EN~DE 333)KCKIyL	FOR THK YEAR EN~DE 333)KCKIyL	BER2022
	TANGIBLE FIXEDASSETS
			Freehold	Office
			pi'openy	equipment f.	Totals f
	COST
	At I Januaty 2022 and 31	December 2022	158,000	8,380	166,380
	DEPRECIATION
	At I Janumy 2022 and 31	Dccembcr 2022	1,000	8,380	9,380
	NET BOOK VALUE
	At 31Decembm 2022		157,000		157,000
	At 31December 2021		157,000		157,000
	FIXEDASSET INVESTMENTS
					Investments
					f
	MARKET VALUE
	At I January 2022				1,124,617
	Additions				1,827
	Disposals				(16,000)
	Revaluations				(85,170)
	At 31Deccmbcr 2022				1,025,274
	NET BOOK VALUE
	At 31December 2022				1,025,274
	At 31December 2021				1,124,617
	There were no investment	assets outside the UK.
9.	DEBTORS:AMOUNTS	FALLING DUE WiTHIN ONE YEAR
				31.12.22	31.12.21
					f.
	Other debtors			18,334	13,968

MOVEMEiNT IN FUNDS
				Net	Transfers
				movement	betiveen	At
			At 1.1.22	in funds	funds	31.12.22
Unrestricted funds
General fund			183,742	2,121	(8,879)	176,984
Designated Oillce equipment	fund	- Hitchin
PCC			4,713			4,713
Designated Conference and training		fund-
Hitchin PCC			850			850
Designated St iviary's vicarage	- Hitchin pCC		911			911
Designated St Mark's vicarage	- Iiitchin PCC		950			950
Designated Holy Saviour vicarage		—Hitchin
PCC			1,742			1,742
Designated St Faith's vicarage	- St	Faith's	1,554			1,554
Designated Curate's House repairs		funil-
Hitcldn PCC			1,102			1,102
Designated investment fund -	Hitchin PCC		144,747	(17,039)		127,708
Designated StFaith's Vicar mid Church
Warden fund - StI'aith's			33,604			33,604
Designated Homeless - St Mwy's			3,611	(1,040)		2,571
Designated donations and legacies		fund - St
ivory's			80,473	4,788		85,261
			457,999	(11,170)	(8,879)	437,950
Restricted funds
Fabric lund - StMary' s			210,212	(27,510)	8,031	190,733
Organ fund - St Mary' s				(848)	848
Hitchin conservation - Si Mary' s			531			531
Vicars fund - SlMmy's			1,969			1,969
Discretionnry fund - StMark's			844			844
Centenary fund - St Mark's			748			748
Manorial gardens - St Mark's			541			Ci23
Floiver fund - StMark's			209			209
General restricted I'und - StFaith's			5,066	(1,476)		3,590
Building repair fund ~ Holy Saviour			52,841	1,075		53316
Robes - Holy Saviour			108			108
Choir - Iloly Saviour			6,144			6,144
Youth —Holy Saviour			607			607
Youth di Trinity - Hitcbbi PCC			1,745			1,745
Capital reserve fund - Hitchin	PCC		25,000			25,000
Houses reserve fund - Hitcbin	PCC		10,538			10,538
Legacy fund - St Mark's			1,000			1,000
Outreach fund - St Mnrk's			1,746	(228)		1,518
M Gibbs - St Mark's			500			500
Messy Church - St Mark's			64			64
Rent-Holy Saviow			636			636
Donations and legacies fund -	St Mark's		2,283	2,238		4,521
Churchsuite - StMark's			443	(105)		338
Asylum fund - StMark's			1,033	58		I,(191
			324,808	(26,714)	8,879	306,973

MOVEMENT IN FUNDS	MOVEMENT IN FUNDS	MOVEMENT IN FUNDS	—continued	—continued
Eiuloivmeat funds
StMary's - cndoiwnent					581,34S	(68,131)		513,217
PCC - property endowment					157,000			157,000
					738,348	(68,131)		670,217
TOTAL FUNDS					1,521,155	(106,015)		1,415,140
Net movement in ftutds,		included		in the above are as follows:
					incoming	Resoumes	Ciains and	Movement
					resources	expended	losses	in f'unde
								f.
Unrestricted funds
General fund					408,570	(406,449)		2,121
Designated inveslment		fund	- Hitchin PCC				(17,039)	(17,039)
Designatwl Homclcss	-	StMary' s				(1,040)		(1,040)
Designated donations	and Icgaoies			fund - St
Mary' s					4,788			4,788
					413,358	(407,489)	(17,039)	(11,170)
Restricted funds
Fabric fund - StMat)"s					27,712	(55,222)		(27,510)
Organ fund - StMary'	s				80	(928)		(848)
Memorial gardens - St Mark's					212	(130)		82
Mission f'und - StMark's					2,201	(2,201)
Geneml restricted fuad		- St	Faith's		496	(1,972)		(1,476)
Building repair fund -	Holy		Saviour		1,075			1,075
Giving - Holy Saviour					1,270	(1,270)
Outreach fund - StMark's					375	(603)		(228)
Donntions and legacies		fund	- St Mark's		5,227	(2,989)		2,238
Churchsuite -StMark's					825	(930)		(105)
Asylum f'und - StMark's					3,086	(3,028)		58
Crom Repair fund - St Mark's					524	(524)
					43,083	(69,797)		(26,714)
Kndowmeut funds
Sl Mary's - endownrent							(68,131)	(68,131)
TOTAL FUNDS					456,441	(477,286)	(85,170)	(106,015)

				Net	Transfers
				movement	between	At
			At 1,1,21	in funds	funds	31,17.21
			f	f	f.
Unrestricted funds
General fund			192.702	(8,060)	(900)	183,742
Designated Office equipment	fund-	Hitchin
PCC			4,713			4,713
Designated Conference and tmining		fund-
Hitchin PCC			850			850
Designated StMary's vicarage	- Hitchin PCC		911			911
Designated StMark's vicarage	- Hitchin PCC		950			950
Designnted Holy Saviour vicarage -Hitcttin
PCC			1,742			1,742
Designated StFaith's vicarage	- St Faith's		1,554			1,554
Designated Curate's House repairs fund-
Hitchin PCC			1,102			1,102
Designatral investment fund -	Hitchin PCC		126,381	18,366		144,747
Designated St Fahh's Vicar and Church
Warden I'und —StFaith's			34,974	(1,370)		33,604
Designated Youth fund - St Mary' s			2,672	(2,672)
Designated Homeless - St Mary' s			4,611	(1,000)		3,61 1
Designated donations and legacies fund - St
Mary' s			64,446	16,027		80,473
			437,608	21,291	(900)	457,999
Restricted funds
Fabric fund - St Mary' s			210,316	(104)		210,212
Organ fund - St Mmy's				(900)
Hitchin conservation - StMary' s			531			531
Vicars fund - St Mary' s			1,969			1,969
Discretionary fund ~ St Marks			844			844
Centenary lund - StMartds			748			748
Memorial gardens - St Mark'8			562	(21)		541
Flower fund ~ StMark's			209			209
General restricted fund - StFaith's			4,958	108		5,066
Building repair fund —Holy Saviour			52,800	41		52,841
Robes - Holy Saviour			108			108
Choir —Holy Saviour			6,144			6,144
Youth - Holy Saviour			607			607
Youth tk Trinity - Hitchin PCC			1,745			1,745
Capital reserve fund- Hitchin	PCC		25,000			25,000
Helices reserve fultd —Hitchin	PCC		10,538			10,538
Legacy fund - St Mark's				1,000		1,000
Outreach ihnd - StMark's			1,746			1,746
M Gibbs - St Mark's			500			500
Messy Church - St Mark's			64			64
Rent-Holy Saviour			636			636r
Donations and legacies I'und -	StMark's		2,283			2,283

MOVEiMENT IrN FUNDS —continued Churchsuite —StMartds	MOVEiMENT IrN FUNDS —continued Churchsuite —StMartds	'175	68		443
Asylum fund - St Mark's			1,033		1,033
		322,683	1,225	900	324,808
Endowment funds
StMaiy's - endosvment PCC - property endowment		508,265 157,000	73,083		581,348 157,000
		665,265	73,083		738,348
TOTAL FUNDS		1,425,556	95,599		1,521,155
Comparative net movement	in funds, included	in the above are ns	follows:
		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
		f,	f,
Unrestricted funds
General fund		377,23 1	(385,291)		(8,060)
Designated investment fund	- Hitchin PCC	18,366			18,366
Designated St Faith's Vicar Warden fund - St Faith's	and Church		(1,370)		(1,370)
Designated Youth fund - St Mary' s Designated I-Iorueless - StMmy's			(2,672) (1,000)		(2,672) (1,000)
Designated donations and legacies fund - St Mary' s		50,733	(34,706)		IG,027
		446,330	(425,039)		21,291
Restricted funds
Fabric. fitnd - St Mary' s		16,262	(IG,366)		(104)
Organ tbnd - St Mary' s Memorial gardens —StMartds		285	(900) (306)		(900) (21)
Mission fund —StMark's		2227	(2,227)
Fees - Sttvlartcs		638	(638)
Geneml restricted fund - St	Faith's	338	(230)		108
Building repair fund —Holy	Saviour	41			41
Giving - Holy Saviour I egacy fund - St Mark's Donations and legacies fund - St Metic's Churohsuitc -StMark's		900 1,000 500 998	(900) (500) (930)		1,000 68
Asylum fund - St Mark's		4,452	(3,419)		1,033
		27,641	(26,416)		1,225
Kndownrent fuads
StMary's ~ cndowntent				73,083	73,083
TOTAL FUNDS		473,971	(451,455)	73,1183	95,599

A current year 12months and	prior year 12months	conibincd positio	n is us follows:
			Net	'fransfers
			movement	behveen	At
		At 1.1.21	in funds	funds	31.12.22
		f.	I		8
Unrestricted funds
General fund		192,702	(5,939)	(9,779)	176,984
Designated Office equipment	fund - Hitchin
PCC		4,713			4,713
Designated Conference and training fund-
Hitchin PCC		850			850
Designated StMmy's vicarage	- Hitchin PCC	911			911
Designated StMark's vicamge	- ilitciiin PCC	950			950
Designated Holy Saviour vicarage -Hiichin
PCC		1,742			1,742
Designated StFaith's vicarage	- St Faith's	1,554			1,554
Designated Curate's House repairs ibnd-
Hitchin PCC		1,102			1,102
Designated investment fimd -	Hitchin PCC	126,381	1,327		127,708
Designated StFaith's Vicar and Church
Warden fund - StFaith's		34,974	(1,370)		33,604
Designated Youth fund - St Mary' s		2,672	(2,672)
Designnted Homeless - SiMury's		4,611	(2,040)		2,571
Designated donations and legacies fund - St
Mury's		64,446	20,815		85,261
		437,608	10,121	(9,779)	437,950
Restricted fuuds
Fabric fund - St Mury's		210,316	(27,614)	8,031	190,733
Orgnn fund - St Mary' s			(1,748)	1,748
Hitchin conservation - St Mary' s		531			531
Vicars fund —StMary' s		1,969			1,969
Discretionory fund - St iMark's		844			844
Centenary fund - StMark's		748			748
tvlemorial gardens - St Marks		562	61		623
Floiver fund - StMarks		209			209
General restricted fund - StFaihYs		4,958	(1,368)		3,590
Building repair tiind - Holy Saviour		5'2,800	1,116		53,91G
Robes - Holy Saviour		108			108
Choir- Holy Saviour		6,144			6,144
Youth - Holy Snviour		G07			607
Youth dr Trinity - Hitchin PCC		1,745			1,745
Copital reserve hrnd - Hitchin	PCC	25,000			25,000
I-louses reserve fund - Hitchin	PCC	10,53S			10,538
Legacy fund - StMnrk's			1,000		1,000
Outreach fund - St h fork's		1,746	(228)		1,518
M Gibbs - St Mark's		500			500
Messy Church - St lvlark's		64			64
Rent-Holy Saviour		636			636
Donations and legacies fund —StMark's		2,283	2,238		4,521

	FORTHEYEA	R ENDED 31 DECE	MBER 2022
11.	MOVEMENT IN FUNDS - continued
	Churchsuite -StMark's	375	(3'7)		338
	Asvlum fund - St Mark's		1,091		1,091
		32'2,683	(25,489)	9,779	306,973
	Endorvatcnt funds
	St iviary's - endorvment	508,265	4,952		513,217
	PCC - property cndovvment	157,000			157,000
		665,265	4,952		670,217
	TOTAL FUNDS	1,425,556	(10,416)		1,415,140

			Incoruing	Resources	Gains and	Movement
			resources f.	expended	losses f	in funds
Uarmtrlcted funds
Gmtemf fund			785,801	(791,740)		(5,939)
Dosignated investment	fund - Hitchin PCC		18,366		(17,039)	1,327
tyesignated StFaith's Vicnr and Church
Warden fttnd —StFainf	s			(1,370)		(1,370)
Designated Youth fund	- StMary' s			(2,672)		(2,672)
Designated Homeless -	StMary' s			(2,040)		(2,040)
Designated donations and legacies fund		—St
Mary' s			55,521	(34,706)		20,815
			859,688	(832,528)	(17,039)	10,121
Restricted funds
Fubric fund - StMaryh			43,974	(71,588)		(27,614)
Organ fund - St Mary' s Memorial gardens - St	Mark's		80 497	(1,828) (436)		(1,748) 61
Mlssloll gmd St Malleus			4,428	(4,428)
Fees —St Mark's			638	(638)
General restricted fund	- St Paith's		834	(2,202)		(1,368)
Building repair fund - Holy Saviour			1,116			1,116
Giving -Holy Saviour			2,170	(2,170)
Legacy fund - St Mmk's			1,000			1,000
Outreach fund - St Mark's			375	(603)		(228)
Donations and legacies	fund - St Mark's		5,727	(3,489)		2,238
Churrhsuite -StMark's			1,823	(1,860)		(3'7)
Asylum fund - StMarks			7,538	(6,447)		1,091
Cross Repair I'und - St	Mark's		524	(524)
			70,724	(96,213)		(25,489)
Endotvment funds
StMary's - endowment					4,952	4,952
TOTAL FUNDS			930,412	(928,741)	(12,087)	(10,416)

	r * ECCLESIASTICAL PARISH OF HITCHIN
	DETAILED STATEMENT OF FINANCIAL ACTIVITIES
	FORTHE YEAR ENDED 31 DECEMBER 2022
		31.12.22	31.12.21
INCOlotE AND	ENDOWMENTS
Donations and legacies
Donations		325,201	350,053
Bequests		4,000	8,750
		329,201	358,803
Other trading activities I'rading activities		28,128	17,982
Invcstntent income
Interest receivable		5,505	22,158
Dividend income		17,380	15,062
		22,885	37,220
Other incorue
I'ees receivable		28,069	23,476
Rentand hire ofcburch		25,995	21,080
Other		22,163	15,410
		76,227	59,966
Total incoming	resources	456,441	473,971
EXPENDITURE
Other trading activities Raising funds		3,889	4,722
Charitable activities
Charitable giving		13,170	10,661
Organist, choir and organ Maintenance ofservices		19,219 3,831	21,620 5,771
Parish share		270,692	276,566
Other costs		12,717	18,734
		319,629	333,352
Support costs
Managmnent Wages Carried forward		18,855 18,855	41,339 41,339

	THE PAROCHI ~cR9	AL	CHU	RCH COUNCIL ~sa rlu	OFTHE c~
	DETAILED ~TA	M	~T	OF FINANCIAL	A~CHIVE	ES
	IiOR THE YKA		N	'D 31 DKCEAIBKR 20222			31.12.22	31.12,21
							f.
Management Brought fonvard insurance Light and heat Telephone Postage and stationery Clergy ivorking cxpens«s Repairs and nmintenance Cleaning Other costs Accoillrtflllcv fees							18,855 13,024 17,311 2,143 4,553 6,130 65,965 1,802 17,505 6,480	41,339 12,559 17,810 2,032 3,467 4,737 22,818 1,355 784 6,480
							153,768	113,381
Total resources mrpended							477,286	451,455
Net (expenditure)/income losses	before gains and						(20,845)	22,516
Realised recoguiscd gains Realised gains/(losses) on	and losses fixed asset investments						(85,170)	73,083
Net (expenditure)/income							(106,015)	95,599