## **Annual Report and** ## **Financial Statements of the Parochial Church Council For the year ended 31 December 2022** **Incumbent** The Rev’d Mark Maloney ## **Independent Examiner** Benjamin de Cruz FCA Haines Watts Accountants (Exeter) Ltd 3 Southernhay West Exeter, Devon EX11JG ## **ADMINISTRATIVE INFORMATION** Christ Church Little Heath is situated at the Northern end of Potters Bar. The Parish is part of the Deanery of Barnet and the Diocese of St Albans. The correspondence address is Christ Church Little Heath, Great North Road, Potters Bar, Hertfordshire, EN6 1JN. The web address is cclh.org.uk The Parochial Church Council (PCC) of Christ Church Little Heath (CCLH) was led by the Vicar, Rev’d Mark Maloney. Under his leadership the PCC continues its work of promoting the mission and ministry in the Parish of Little Heath. The aim of CCLH is to glorify God by building each other up and making Jesus known in our community. This whole church vision was defined by the PCC in the Mission Action Plan (MAP). Through it we encourage everyone to be involved in some aspect of the church’s life and ministry. The staff team are vital as they support, equip and enable every member ministry in the church, as well as providing for the pastoral and spiritual care of all who request help. The primary object of the PCC is the promotion of the Gospel of our Lord Jesus Christ according to the doctrine and practices of the Church of England. The PCC also has the responsibility of cooperating with the Incumbent, Rev’d Mark Maloney, in promoting throughout the ecclesiastical parish the whole mission of the church; pastoral, evangelistic, social and ecumenical. The PCC has been concerned over the year with re-ordering the church, which has involved purchasing new streaming equipment, a new control desk at the rear of the church, and new furniture for the front of the church. There are three types of members of the PCC: - Ex officio, who are automatically members by virtue of their positions - Elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules - Co-opted, those whose appointments are approved by the full PCC During the year the following served as members of the PCC: ## **Incumbent** Rev’d Mark Maloney **Churchwardens** Sheila Blake Louis Spring ## **Lay Representatives of the Deanery Synod:** Nick Alexander (for last year of triennium) Wendie Bowden Hazel Burgess ## **Elected Members:** Nick Buckland Andrew Daughtry (resigned 21[st] February 2023) Cath Hawes 1 Charles Hopping Sue Taylor (resigned 14[th] April 2023) David Vallance Laura Vivian Pat Wikner **Secretary to the PCC:** Wendie Bowden ## **Chairs of PCC sub-committees:** Standing Committee Rev’d Mark Maloney Fabric & Finance Rev’d Mark Maloney Mission Hub Vacant Church Family Events Sheila Blake Youth & Children Vacant Details of their meetings were reported at PCC meetings where any motions or recommendations were discussed and agreed. ## **Electoral Roll** There are 80 members. Membership for 2022 was 119. During the year 6 new member(s) were added and 45 were removed. ## **Administrative Information required under SORP 2005** The Bankers to Christ Church are Barclays Bank PLC and CCLA Investment Management Ltd. The Parochial Church Council may be contacted via the Church Office, Christ Church, Great North Road, Potters Bar, Hertfordshire, EN6 1JN. ## **Structure, governance and management** The Parochial Church Council (PCC) is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. The PCC is registered as Charity 1133045 with the Charity Commission. 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. At the beginning of each new PCC an introduction to the workings of the PCC is given to each member. Following election, members are given annually an electronic or paper copy of the ‘Health and Safety’ and ‘Child Protection Procedures’. Members are encouraged to go on training courses such as those arranged by the Diocese and Deanery and report back to the PCC. The PCC has a Standing Committee which has the power to transact the business of the PCC between its meetings, subject to any directions given by the PCC. The major risks to which the PCC is exposed as identified by PCC members, have been reviewed and systems or procedures where appropriate have been established to manage those risks. 2 ## **Review of the year on behalf of the PCC** The PCC met five times in 2022, the July meeting having been cancelled due to the extremely hot weather. The Standing Committee met before each PCC meeting to set the agendas, which were published 7 days ahead of meetings. The Covid situation was kept under review throughout the year and reports were received from the sub-committees and policies continued to be reviewed. The Children’s Outreach Worker, Cath Hawes, continued with her work with our children and local schools. She has organised Fun and Messy Church days, as well as being involved with Sunday School and Little Feet. She presented a report on her work to the congregation shortly before the APCM. Streaming of Sunday services continued for those unable to attend in person. The PCC decided that streaming should become part of our outreach, and that investment should be made into new streaming equipment and a new desk built to hold the controls. The lighting would also be improved. Large TV sets would be installed in the nave for ease of participation in services by all. The new equipment would be easier to manage and the outcome much enhanced in terms of picture and quality of sound. Also, it would enable greater use of new technologies during services. To complete the project, two new lecterns and a new communion table were commissioned for the front of the church. Following some departures from the church, the Ukraine invasion and the consequential sharp rises in energy costs and inflation, the income situation deteriorated through the year, with the result that a deficit of £31,205 was recorded for 2022. This was countered by generous donations and legacies totalling £193,094, which have enabled us to continue with our plans for special projects, such as the renovation of the foyer. A review of the church’s designated and restricted funds was requested by the PCC. This was undertaken by the Treasurer and discussed in detail by the Finance & Fabric Committee. As a result, more information about the funds is included in the 2022 accounts. A PCC Vision Day was held in September 2022, where discussions were held on how to help people become disciples of Jesus and full members of the church. Reinvigoration of the various existing small groups was the strategy decided on, and work continues to develop visions for each group and how build upon them. ## The church continues to be a place where people come at key moment in their lives, and our pastoral care and bereavement ministry continue to be highly valued in the community. The buildings continue to serve the local community through pastoral and practical care, providing a meeting point for friendship and the community. This commitment to the community is seen in things like our weekly Loaves and Fishes Café, Little Feet for carers and toddlers, and groups and events we run for children and young people. ## **On behalf of the PCC** Wendie Bowden PCC Secretary 3 Revlew of flnanclal actlvltles and affal The Church has four ty￿$ offt1￿1. The General Fund deals %Mth the church's day to day inLXMne and O￿ndIlure. Most of Its ino)me om•s from regular gwtng by church members. Designated Funds are funds identified for use forstwifTrc purFQ5es by tho PCC are often used to support particular proieds and a ￿gni￿Ca￿t t￿rt of ￿r Ino)me ccThs from sp8dflc glfts arml 18ga(xe8. The MaDwerite Bowen Fund was es1a￿lShed s￿￿￿￿L711Y for rna1ntenan￿ of the church.After discussion with rdatives of the donor it has been aweed Ihatth8 f(xm ofthe fund shcwld bg Ghanged and the fund has now been included with Ihe other restricted funds. Other Restricted Funds consist of sum$ glven for a partb¢ular purpose and reseNed for thal purp)se only. The greatest part of the Church's Inccffle and expenditure is dealt vith ty th8 General Fund allhough the vast majority of reserves ar8 h81d in Designated Funds. 2022 has been an extremdy d)allenging year. VlhiLst our bLKlget ests'mates for cwr General FUMI expenditure W8ra generalty very ac(yJrate the sharp drop in Cmrch Mem￿rship we ewenced during the year was reflected in a similar drop in General fund This has led lo a very signrficant defiat on general fund. A signifi(xnt proFMxtion of our expendlttjre o)nlinues to be fina￿￿ outside our Genoral Fund. The good news is that durlng the year the Church has receivaj a numbw of very generous lega(aes. Thls does mean that We have been able to maintain our ministy and also to cary out and plan a number of special Fwolects. In Ihe lOn￿r tem the thurth's ￿tinUed minlsty is de￿ndertt on belro able to in¢rease ils regular income In line its ongoing costs. Princl l F ures for the General Fund: _ 2022 108,809 2021 145,586 General Fund Volunta Of which Gift Aid Other income Total Income Transfer lo Alms IncA)me net ofAlms transfer General Fund Ex ndrture Of which Parish Share. Net Sur lusl Incom8 11.641 157.227 12.799 144.428 140 772 119.461 9,914 109 547 88.492 31.205 84.097 Deficit he partsh share is the contribution made by thg parish towards the Tunning ofthe dic￿ese., byfarthe larg8st part of which is the CA)St of clergy. In Tetum. the dioc*se (som&tlmes ffith sUp￿t from the natlonal church) cover5 all this church's dergy costs ind￿￿¥ng stipend. actyJmmc*Jati￿. nallonal insuranc8, penslon and trainlng. D8tsiled ftgures for ￿)th incom¢ and expenditure are given ￿ pages 6.10 & 11 of this rew) Our Children's Outreach Worker has supwied our (Y•W y¢yJng peoF4e as well as reaching OLrt lo children in the local community. Funds (x)ntritKrted to Ihe woieets lund together wttt) fijture p￿dgeS mean that we can support our Children'5 Outreach worker to the end of her initial tem. We are currently finalising details of a continuation of this prc4ert whlch ￿11 probabty involve SLWCKt fryxn designated funds lo supplement c￿gOing sp8cific regular giving. A wde rangè of chrf$￿an (xganlsatlons re¢xlved donath)ns from c￿ls1 Church via alms &¥ving or special (r)Ilections. Details of these grants are gven later in this reKM)rt. Chrfsl Church pledges to alms, I0¥0 of th8 unrestricted rewlar Voluntary Income. The Mission Hub Ifcffmety the Alms Committee) have r8sFonsibility for detemiining the way in which fhese funds a￿ dIstrib￿ed. We are now atA8 lo b8gn resuming our SUPE￿ for (yjtside chariti.es and we were able we were ab￿ to raise £701.11 12021 £405.36) in sUp￿rt of The Children's $￿iety from the Chrlstingle Service and candle ty)Ile¢tions. For the Loaves and Fishes Café. the anv)unts rai￿1 have been eXCl￿Sed from the actual ccounts but are (JetaIl￿ in note 13 to this reFNNt- Tho Church responded lo the silllation in Ukraine by os18bllshing a Ukraine fund. Income to the fund has bèen £1,376 and the closing balance held was £1232 A fullerexplanation of ajl the Funds referred to in the w)unts is tKowded in note 16. On behalf of tho PCC Mr. Charles Hopping (freasurer) Chrlst Church Littl& Heath Draft Flnanclal Slataments to end December 2022 Statement of Flnancial Adivities Unrestrictod Funds IGen¢rall R8Stricted Funds Totals 2022 Totals 2021 Note Prc+le¢ts INCOMING RESOURCES Voluntary Income Activities for generating funds Investment Incorne In¢oming Resourc88 from Charitable Activities Other Exiraordinary Inc(NnelAdju8tm8nls TOTAL INCOMING RESOURCES 21al 21bl 21dl 21¢) 98,895 1,927 145 8,5BO 191,057 24,694 314,646 1.927 4,422 8,580 160,341 1.551 2,453 10,230 3.766 512 194823 329 575 174 589 RESOURCES EXPENDED Costs of generating voluntary Incom8 Chafilable activities 140,752 20,782 41,892 203,426 200,238 TOTAL RESOURCES EXPENDED 140.752 20,782 41,892 203,426 200,238 NET INCOMING I IOUTGOINGI RESOURCES 131.2051 174.041 116,6861 126,149 125,6491 Gains I Ilossesl on inveslm&nts (Unrealisedl Transfers b8kne8n Fund5 110,9441 110,9441 11.739 NET MOVEMENT IN FUNDS 131,2051 163.097 116.6861 115.205 113.9101 Balances brought forward al 1 Jan 2022 13.254 225,380 73,2n 311.910 325,820 BALANCÉS CARRIED FORWARD AT 31 De¢ 2022 388 477 427116 311910 ASSETS HELD AS: Current assets Cash and short tem) deposlts CBF d8PO8iI accounts A¢¢ruals & prepayments InveslTDent5- CBF units at cost Investments- unrealised gains on CBF unit8 116,7031 164.658 141.383 56,590 204,545 84,252 141.383 137.105 11,2481 12,8261 36,066 36,066 46.369 57,313 11,2481 36,066 46,369 TOTAL ASSETS 17,951 388.477 56,590 427 116 311 910 Christ Church Litde Heath Balan￿ sheet at 31 De￿rnber 2022 2022 2021 FIXED ASs￿s Tan11￿& Investmonts 82 93,379 CURREKf ASSETS Debtor5 s￿rt Term Depostts Cash al Bank and in haThJ 6.012 137.105 84.252 141.383 3S1281 227,369 CURREwf UABIUllES Amounts falllng due within one j￿r NET CURRENT A&8ETS 344,681 218,531 cr&￿￿ lèlllng duè 8ftu onb s*ar TUTAL NET ASbET5 PARISH FUNDS Unrestricted DeS￿nated Restrbcted 117.951) 388A77 13,254 225,380 732T7 27,116 Rev Mark Maloney Chairman Mr Charfes Hopping Treasurer Notes to the Accounts 1 Accountlng Policies Basls of preparation The PCC is a public benefit enlty within the meaning of FRS 102. The financial statements of the PCC have b￿n prepared under the Charilles Act 2011 and in accordance with the Church Accounting Regulations 2CQ6 goveming the individual accounts of PCCS, and with the Regulations kne and fair viaw. provisions with FRS102 as the applicable standards and the 2019 version of the Statement of Recommended Practi￿. Accounling and R8POrting by Charities SORP (FRS 102) The accounts have been prepared on a going concem basis under the hislorical cost convention except for the valuation of investment assets, which are shown at market value as at 31 December. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. The financial statements comprise: Statement of Financial Activitres and Balance Sheet Notes to the a¢¢ounts. Funds The General Fund represents the funds of the PCC that are not subject to any special restrictions regarding their use and are available for application trj the general purposes of the PCC (i.e. the day to day njnning of the Church). The assets of the Designated Fund are largely derived from legacies and donations including regular giving. The funds have been designated by the PCC for use in fabric and outreach projects and to support'ministry and mission initiatives" wthin the parish induding the apprentice as appropriate. Restricted Fund inGludes Alms giving. special colleclions and specific donations, all of which are generally paid to the appropriate recipients within the year. The Margeuerito Bowen is now included with these funds. As the name impliès funds held as-Restricted Funds" are held for the purposes stated and can only be used for Ihose purposes. The amounts standing to these Restrlcted Funds are detailed in Note 4. In¢omlng resourc Voluntary income Collections are recognised when received by or on bahalf of the PCC Planned giving is recognised only when received Income tax recoverable on Gift Aid donations is recognised when the right to recover the tax arises under Inland Revenue rules. Income. gain5 and losses on investrnents Dividends and interest are accounted for *then received Gains and losses on investments are accounted for on revaluation at the end of each year Expenditure Expenditur8 is r8cognised once th8r8 is a legal or constructive obligation to make payment to a third paty, it is probable that sgtuement wll be required and the amount of the obligation can be measured r61iably. Assets Tangible Assets Consecrated and beneficed property is excluded from the accounts by $10 (2) (a & c) of the Charities Act 2011. No value is Fjaced on moveable church fvmishings held by the Churchwardens on special tnjst for the PCC and which require a faculty for disposal Sin￿ the PCC wnsiders this to b8 inalienable property. Ail expenditure incurred during the year on consecrated or benefi¢ed bulldlngs and moveable church fitbngs is written off upon purchas8. Individual items with a purchase price of £2,500 or less are written off when Ihe assel is acquired. All other fixtures. fflting5 and office equipment used within the church premises and office have been written off. Investments Investments are valued at market value as at 31 De￿Mber. The th8nge in value over the last year is shown wtthin the accounts. Christ Church Little Heath Notes lo the Financial Statements for the Year Ended 31 December 2022 Details of Incorning Resour￿$ (Certain R￿fjpts are exduded by virtue of The Church Accounting Regulatlons) Totslg Funds Fund Fun (Genord) (De*nated) (Othor) 20Z1 Incomlng [8￿UrCeS 21a) Voluntary In¢L%n• Planned glft ahl Planned gwlrwJ- tax re¢laim8d PlannBd glvlrwJ- non gfft UnFAanned win9- (*Al8CtKJr UnFA8nn8d g￿1n9-don8tiorI% Legaaes recelvEd l In menKxlam Proj8Cts fvnd support for CHOW Gen8rsl fund givlng traqnsferred to 83,5TI 15.563 8.978 9,655 1.824 1.904 93232 17,437 10,882 109.942 28.948 16,115 1.397 1087 191,ty)7 3.336 191,007 914 98,895 9.914 191.057 314,646 160.341 21bl Actlvltle$ for generatlThg fund$ Fund rai8irva & othw 8vents PCC f98s (￿lIngS, fun8rdsl 1.927 1,551 1.927 1,551 21cl Ineomlng Resources fron7 Charftable A¢tP4MJes Cmrth ActivStles (Open House￿S dubs elc Grants 4551 551 10.230 4,551 10.230 21dl Incoma Irom Inveslrmnts Int8r8St Dividends on inV8Str￿nts 145 512 1,121 3,301 3,766 2,373 2A53 145 512 219) Oth•r extraordlnary Incom¢ 13 Total In¢omlng resoure8¥ 109,547 191823 25.Y 325.546 174,589 io Christ Church LItUe Heath Notes lo the Financial Statements for the Year ErKled 31 December2022 Dolails of Resources Expgnd¢d Tota FuThl Fund* 20 P•rf$h Share 92 007 7.T14 7,774 6,915 17,836 18,624 610 21539 S4aryolChLrth Sw8l¥y 24610 Car (knr experbse9 Tolqph(Nw& IntwnBt Prfnlnglst¥i(xwèi¢ 135 135 71 2.818 3,352 G￿r{* runnlno exper￿* 1005 Ewddty Cle￿1 5,990 1,751 1,751 1ffj50• 10,500 9*64 Carg¢*¢huith glEN￿4 10 10$ 311 554 107T4 24.65# 11,086 tarr*qu￿1￿S ¢siofMugitl Iiknturo 278 93 1.178 3,Z26 2012 Qvlnts IWKI *wJ ryporllll wr4BthI 11,650 1329D PawuGhW F Support ¢04ts Parish tra￿1￿ arKJ MI￿.￿ C*11d￿￿ &Ycrtth WcA1t Edur* & 14Sitt￿ Speakw5 Hous*Hpu88fETfhty House Ewn15 C¢ftoÈ￿Srts 1122 3.122 332 15D 1.13$ 17.113 591 337 1265 $21 1365 $2f Jo Pastoral CarF 25,559 20,655 143 05¢ 119 30,830 45.842 ParlBh Hall Corthuthi 3.396 3.596 IAW2T n2 2DI.458 200,224 FUnd￿sIng& p￿I￿l￿-¢(￿tr & ctssiofG0￿ So ¢¢¥iofOgnw*lngVoluDtsry IT￿¥￿• otherReswr￿s Exwded 31c) Flnanceand Gowrnonc•cogts BankCWs & Inbmxt IndopondBnt fee 14 14 Totsi •xp•ndvd 752 203 213 200 238 Chrfst Church LItt￿ Healh Notes lo the Financlal Slalements for the Yew 31 Decembw 2022 Dgts11s of Grants Made {Certain Payments are exduded by v*tue ofThe Church Awwnting RegUlatiC￿3) Totsi• Ml••knn #thl¢horfl&b￿￿nll. ¢hwth o¥w• ch￿￿ 01t￿G￿d Shap￿, Pwu TrB Bibl8 Sr Cmsllnks wl￿En,$ rfn*ryln Chutch In 2.1 1.100 Ifoo 1100 2,1 1ALWJ 10.39) Tre chi￿rPn.￿S￿ piure {PBHC} ARDcha 400 400 1,eOO Totsl 18,2 12 4 Restricted funds Th8 balances of Reslricted Funds held as at the 31 Decamber 2022 were as follows.. Balance Goneral 31.1221 Income 16.621 Othgr Incomè Balanc• 31.12.22 Fund Childrens Outreach worker dltura Chlldren and Youth work Youth S nsorshi Education ol CFyJrch worker8 and farnilies Res￿￿n￿al prop8rty malntsnonce 67 1,635 -250 -156 Womgn's Fellowshl Flowèr Commkt88 761 30 731 $5 193 Blbbs Polter8 Bar DSsabili 67 1.125 739 87 1.125 Job Club 739 Hollda al Home Senk)r events Marguerito Bowèn Fabfic Fund CBpital Marguerile Bowen Fabric Fund Income 542 542 6.876 30,727 512 30,727 Gran ewood Council Cha MemDdal Beds 10 10 cial Pro ecis 37 750 Other 151 151 Ukraine Fun 1.376 20 143 11,10LI 42.943 m$ Furwj 1.272 9,914 106 Grand Total 56,590 13 The purpose of each fund is sel out below: Fund Children's Outreach worker Childr8n and Youth work Youth Sponsorship To support the emplO￿￿ent d a Children's outreach worker To support WOTk IMth chiklren and ywng people To sponsor w)ung people from the Church to undertake approved ects Donations which are given to allcrw Church workers lo allend UrSe￿rkshO s and Christian based famil hdida or events. Formerly vitxrwJe r&deThtp Education of Church worker5 and families Residenlid property maintenance Women's Fellowship Flower Committee Bibles Potters Bar Disabilty Access Job Club Holiday at Home Senior events Marguerit8 Bowen Fabric Fund Ca ttal Margu6rit8 Bowen Fabric Fund Income Grangewood Counal Char Memorial Beds Special Projects Funds held on behalf of the women's felk)wship Funds held on behalf ￿ the flower cgjmmittee Closed Funds held for transfer to PBDA Closed. Funds transferred to special projeds. To support events for older members of the (x)mmunity See Below See Below Closed. Funds trar￿fer￿1 to Residential propety maintenan(x Closed . No balance A fund that has been in place for some ye8rs aMI is designed to be usèd for one oft s vnlhln the church. Closed. Now induded in special ptDiects. To support those affecled by the war in Ukrdine To receive a one tenth share of reguLgr giving to the Ghurch arKI to dislribute to deservi aus8S Other Ukraine Fund Alms Fund 14 Marguerlte Bowen Fabrlc Fund After extensive ry)nlact with relatives of the Settlor the terms of the fijnd have been relaxed .In the past the availabllity of this fund has been restricted to any income building up each year from the capital. This has now be6n mcdified to allow the fund to be used for the refvrbishment of the Church Foyer. This changed trealment has been reflected in a revised layout to these aC￿Unts and the indUS￿n of the Bowen fund within the other restricted funds. Allocatlon of Alms Alms are distributed in acwrdance with the policy of the PCC. A list of organi5alions supported, as well as other organisations supported by donations from other funds, Is included in these accounts in note 3(d) and infomiation on their activities Is reported from time to time. The list of organisations supported is reviewed by the Mission Hub The 2022 Alms payment as recorded in note 3{d) was £11.100.(2021 £13,290). Staff Costs During the year the PCC employed the Churth Administrator. a Children's Outreach Worker and a Church Cleaner. Total costs were £49.386 (2021 £51,187) Flxed Assets used by the PCC Inventory assets vested in the churchwardens on spacial trust: Computers & sundry IT equlpment Projector for use in church Audio Vlsual System Rlsk Management The F&F comrnittee together wth the PCC continue to actively review the risks to which it is exposed and address issues raised. 10 Contingent Llabilities and Other Commitments An agreement wilh PEAC (UK) Ltd rx)ntinues for an annual sum of £1,505 for the lease and Maintenan￿ of the photocopier in the Church Office. The agreement expired during 2020 but is currently being hekl over. 15 Payments to PCC members Exponses payments to Clergy are shown within the aTr￿unts. The Children's Outreach Worker. served cffi the PCC during the year. Details of overall payments for employment are shown in note 7 of this reporL 12 Llttle Heath Parish Hall The Little Heath Parish Hall is a separately ¢c￿StItUted charity and accounts are independently reported to the Charity Commission. The Charity is run by a team of Trustees. The Trustees are appointed by Christ Church PCC. Th8 Tnjstees adminisler the upkeep. letting and other uses ofthe Parish Hall. A contribution of £3.396 (2021 £3,596) was made by the Churth in resp&cl of Church use of th6 Parish Hall during the year. Other than the above th8re We￿ no material transactions between the Trustees and the PCC during tha year. 13 Loaves & Fishes Café Th& Loaves and Fishes Café has raised the s￿rn of £3698 (2021 £426) This amount is excluded from the main financial accounts but is recognised here as part of the Christ Church family outreach. A s6parate list of charities and other caus8S SUPPOrted is av8ilable. 14 Children's Society For 2022 the collections from the Christingle (xjllection are designated to the Children's Society and as such do not fomi part of financial accounts but are recorded here for infomation purposes. The 2022 ￿)llectIonS amounled to £701 (2021 £405) 15 ReseNes It is the policy of the PCC to maintain where Fjossible Suff￿lent reservès in Ihe General Fund to cover three months of nomal expenditure. Al the year end the balan￿ on General Fund was below this figure and the PCC has Iherefore agreed that reserves held in Designated Funds may be made availabi8 lo support General Fund expenditure should thls prove necessary 16 Background to the Varlous Accounts Held by tho PCC. Money held and (x)ntro]led by the PCC is divided. in line with the principles of charity accounting, into various funds. To allow anyone reading this report to Unde￿Land Ihese a little more fijlly, some explanation is provided beknw: 16 General Fund. Our everyday incomelexpendllure account principally funded by the Chrlst Church Fund. This is a non-restricted fund. The Projects {Designated) Fund. Monies held by the PCC and designated principally for use in fabric and outreach projects and to support °ministry and mission initiatives" within the parish. This is 8 non-restricted fund. At the beginning of the year the fund included amounls earmarked for: major malntenanco,. routine maintenance and improvement- fabric,. routine maintenance and improvement- interior fillings and equipment,. ￿ntingenCY fund. During the ear the PCC speafically reviewed this allolxtion and revised amounts involved. The general headings remain unchanged Various Restricted Funds. Under charity law such funds can only be used for the specific purtx)se of the donation. The pur￿SeS of each restricted fund are set out in note 4 of this report 17 IrKlependèht Examlnèrfs Report to the Trustees Chrfst Churth Llttlè I report to the tharity trustee5 on my examlnation of the accounts of the ehaitty for the year ended 31 December 2022 whtch are set out on pages 6t0 17. R*S￿n$[bl1tIes and basls of repryt As the charty's trustees you are responsible for the preparat￿n of the accourts in accordance wlth the requirements of the Charitie5 Act 20111'the ACVI. I report in respett of my examination of the tharit(s accounts carried out under sectlon 145 of the Act and in carrying out my examination I have followed all the a￿lCable DirectM)ns gwen by the Charity Commj551￿ under sertion 14515Kbl of the ACL Independent examiner's ststemènt I have completed my e¥amination. I confirm that no materlal mattets have come to my attentlon In connectK)n wlth the examlnatlon giving me cause to believe that in any material respect.. accountlng records were rKJt kept in respect of the tharity as required by sertlon 130 of the ACL. the accounts do not accord wtth those records,. or thè a¢counts do not comply with the applicable requirements con￿mIng the forni and wntent ot accounts set out in the Charttles (Accounts and Reports) Regulatlons 2008 other than any requirement that the accounts give a 'true and fair Vie￿ which 15 N)t a matter consldered as part of an independent examinatfjon. I have no concerns and have c()me auoss no other mbtters in connection w5th the examinati)n to whlch attention should be drawn In this rem in order to enable a proper understanding of the accounts ts be reached. Benlamin de Cruz FCA Haines Watts Ac(ountants IExeterl Ltd 3 Southernhay West Exeter Devon EXI IIG Date..