Charity number 1133089 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN, TWICKENHAM TRUSTEES. ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
THE PAROCHIAL CHURCH COUNai OFTHE ECCLESIASTICAL PARISH OF ST MARYTHE VIRGIN. TWICKENHAM TRU5tEES' ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 oBJE1vE$AND AcnvrriES Alrn and PUfP05e5 St Marfs, Twlckenham Parochlal Church Councll IPCCI has the responslblllty of crtroperatln8 wlth the Incumbent In prornotlng In the etcle51a5tlcal parlsh the whole mls51on of the church, pastoral, evangellstlc. soclal and ecumenlcal. It Is also responslble for the upkeep and malntenance of the church premtses and parlsh offlce. The PCC also has responslblllty for all parlsh finances and thelr mana8ement and control. Obl¢ctfv•s and actlvltl•s The PCC Is committed to enablln8 as many people as posslble to worshlp at our church and to become part of our parish cornmunity- The PCC maintains aft overview of worship throughout the parish and makes su88estioThs on how our serylces can be relevant to the many groups that Ilve wlthln the par15h. Our 5ervlce5 and worshlp put falth into practltè throu8h prayer and scrlptutè, muslc and sacrament. When plannlng our actlvltle$ for the year, we have consldered the Charlty Commlsslon's guldance on public benefit and the supplementary guldaft on charltles for the advancement of rellglon. We try to enable ordinary people to lfve out thelr falth as of our parish community through.. Worshlp and prayer,. learnln8 the 8ospel', developing thelr knowledBe and trust In jesus,. Provlslon of pastoral care for people Ilvln8 In the parlsh or who are membèrs of the parlsh communlty and Ilve In nel8hborlng paflshe5,' and Mlsslonary and outreach work. ACHIÉVEMENTSAND PERFORMANCE Worshlp and Prayer St Marfs seeks to meet the nee(ts of all those WI Ilve or work In the local communlty. It partlcularty attrart5 and supports youn8 famllles as well as belng a splrltual home and point of reference for those who have been Ilving or worklng In Twlckenham lor many year5. At the tlme of the last APCM. there were 277 12021 . 2791 nim•s on the Electoral Roll. Average weekly Sunday attendance counted durln8 2022 was 17412021- 1171. The prlnclpal servke ¢ontlnues to be the 9.30 Sunday mornlnK P•rl$h Euth•rSst, ¥ttended by around 120 people. Sunday School is avallabl• durfng the first part of thè servicè, and the thildren are brou8hl back to church for Communlon, wlth the exceptlon beln8 gn the ihlrd Sunday of ihe monih durln8 temi tlme when the 5ervlce Is more chlld-frlendly and the children stay throu8hout. The Sunday SCWI groups take it in turns to help lead the third Sunday serylce. In addltlon, on the second and fourth Sundays of every month, Eucharist b5 offered at 8am. Every Wednesday ai loam there Isalso a serviceof Holy Communion uslngthe 1662 Prayer Bookfofm of the Litur8y. Should the parlsh prlest not be awdllable, the church Is open and stewarded- avall3ble for prSvate PTayer.
THE PAROCHIAL CHURCH COiINOL OF THE ÉCCLESIAsncAL PARISH OF ST MARY THE VIRGIN. TWICKENHAM TRusfEES' ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 The Vlcar sends out wee¥ Pastoral Letters to the congregation, posted to those unable to access the internet. Additlonal services were held on si8nlflcant day5 In the Chrlstlan calendar and In the Ilfe of our Parish school where POS51ble. The church contlnued to hom weddlngs. baptlsm5 and funerals durlnK the year. In 202Z. there were 8 baptlsms, 4 Vding5 and 13 funerals. P•stor•l Car• Pastoral visitin8 ceased during the pandemlc althou8h telephone support continued throughout. It Is hoped that v151tln8 VAII fully Tecommence during the corning year. Minlsters of Holy Communion are available totake the blessed Sacrament to those who are no lon8er able to get to church. Mlsslon 4nd Evang•llsm Our Vlslon at St Mary's Is that we are a church whlch seeks to.. Use our buSldlngs more effectlvely to help make God more re81 forthe people of thls area,. Nurture our relatlonshlps wlth God and wlth each other., and Nurture our chlldrèn and youn8 people wlth a posltlve sensè of God. These V151on Stst•ments, whlch were 5nltlally txpress•d In 2C#)3, have been comprehenslvely revlewed by the PCC on at least two occaslons slnce then and re-affirmed. The sub-committee structure of the PCC has been arranged In such a way as to dellv¢r on these Vlslon Statements and Include5 the Reorderln8 V151on Group, whlch revmodelled the Interfor of our church to help make God rnore real for the people of thls area. The other 5ub.commlttees and Mslon Groups are.. Bulldlngs Eco Finante and Stewordshlp Communlcatlons Chlldren and yOLtng peoplè Ecumenlcal Relatlon5 Muslc Dlsclpleshlp
THE PAROQIIALCHURCH COUNai OFThE ECCLESIAsllcAL PARISH OF ST MARY THE VIRGIN, YWICKENHAM TRusfEEY ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 All groups report back to the PCC, which is the both whlch, toBether with the Standing Cornrnittee, monltors the reali5ation of the Vision. Relatlonshlps whh each other and wlth God are nurtured throu8h the Lent Course, other re8ular prayer and dlscusslon 8roups and the annual parlsh pilgrlma8e to Walslngham. Work wh thlldren and young people artfvely contlnues in church and at St Marfs Prlmary school. The church or8anSses a charltable 8lvSn8 programme for or8anlsatlons norninated by parlshioners and approved bv the PCC. The pro8ramme has followed the agreed prlnciples to focus the givlng to a broad ran8e of charitable benefiCIar$. The amount bein8 set aside into a designated fund each year, É3,970 In 2022 and £1,385 In 2021, for dlstrfb¢Jilon In the following year Is determlned by a formula bein8 50% of net fete Income plus 50% of Chrlstmas collection5 plus 10)% of charity day retiring collectlons. DurlnB the year, 5peaker5 Irorn charities we support are Invlted to address the con8re8atlon. In 2021 an addltlonal £5,lJ)O was transferred fiom the thrtlnlstry and Youth fund as Covid had prevented the chuT¢h from collertin8 donations lor our charities from normal activities Soclal event5 are held throu8h theyearto help brln8 people drawn from across thè con8rtWlon together, Indudln8 onllne durlrng lockdowns. D••MrySynod Four members of the PCC slt on the Oeanery Synod. Thls provldes the PCC vhth an Important Ilnk between the parlsh and the wlder strurtures of the Church, 155ue5 dlscussed at Its meetln8s are re8ularty reported to the PCC Chuich Fabrk •nd Bulldln Work to the church fabrlc and bulldIn are ¢)ver5een bythe Bulldlngs Group on behalf of the PCC An annual bud8et Is set atthe stsrt of the year and the pro8ramme of work5 planned accordlnglv. Ourthanks go to all the volvnteers from the tongregatloft who make thls worK and more" posslble and we mentlon especlallythe bell rln8ers, the flower arran8ers, the cleaners, the cholr, the muslclans, the sacrisians and ver£er, the Sunday ¢offetttams, the readers and prayer leaders, the Chur¢h Wardens and the team In the Parlsh Office. Plans for Futurg P•rlod$ The PCC, as trustee5. do not aThtltlpate any 51gnfflrant changè to Its actlvltle5 as Èxpregsed In Its Mlsslon Statement over the next year. ReoTderlng the nave w511 enhartce the PCCS abllity to achleve Its oblettlves.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN, TWICKENHAM TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2022
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3 FINANCIAL REVIEW
A detailed breakdown of the financial activities of the PCC is contained in the financial statements attached to this report.
This year’s statement of financial activity shows a surplus of £73,000 (2021-£53,000) The primary reason for this surplus was the great generosity of a number of parishioners. Total income was £272,000 compared to £219,000 in 2021. Expenditure was £199,000 compared to £166,000 in 2021
Our income from planned giving was £125,000, up from £122,000 in 2021. Our income from collections was £20,000 compared to £9,000 in 2021, as a consequence of the pandemic lifting.
Our other areas of unrestricted regular income, fees from church and hall lettings, and church fees increased to £63,000 compared to £38,000 in 2021, again reflecting the lifting of the pandemic.
Day-to-day unrestricted expenditure on church activities has increased to £199,000 compared to £166,000 in 2021. Our contribution to the Diocesan Common Fund increased by £3,000 to £89,000 in line with the commitment made to the Diocese.
This year, £3,637 was distributed as part of charitable giving to charities nominated by members of the church.
There has been no change to fixed assets in the year, other than the annual depreciation charge. Debtors have increased to £31,000 from £28,000 in 2021 and include £20,000 of income tax recoverable through gift aid. Creditors are increased from £26,000 in 2021 to £29,000.
Cash at bank and in hand increased from £222,000 in 2021 to £296,000
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MARY THE VIRGIN.TVKENNA Reser¥e5 The PCC has revlewed Its polky on reserve& The PCC continues to hold the equNalent of 40% of reujrrlng expenditure reserve underpin the work of the thurth. At 31 Dmber 2022, this would amount to £80,COJ. The general fvn(fs und&%lgnated reser at 31 December 2022 were £239.(b). GNen the cUt plans to recrult an asststant priest and the associ cos¢ the PCC consider it to be pDJdentto maintain th6 Iwl of reserves. Thè Trnstees have revfjewed the a1VItIeS of the thurch to hlentify and assess the major rtsks fadn8 the charity. Having a5se5sed the major risks to whKh the charity Is e¥posed, the Trustees befieve that by moAttorin8 reserve leveb5, by ensuring controls &Yist LSver key ffinarrial systems, and by examinln8 the OFrntional rfsks f3ced by thè charity, they have established effective Wem5 to miivtt ris In line wlth the UIrements for Trustees to undertake a sk assessment exerose and rewjrt on thesame in their annual reprt thèTnJstees have Ic¥)ked at the risk5the charity currently faces, identifyingthree main areas where risks may arise.. Management and go1ernan. Finantial,. and Laws, regulations. external and erNWonl. Managementand 8ovemance considerthe riskofthe charity sulfering froma la(* of dlrertÈon. the skills and training ofits members stsff and volunteers, and the gocd e of ts resouro5. Flnandal risks indudeth05e resulti% from poor budgetsry control. inappropriate Spendi pCr investrnt ath and poor accounting. Laws, regulations. external and emmnment at the effects of go¥emment pOle$. the consequences of non- Complian with the laws and regulations and Fr risk a5se55rnent. The PCC is a corporate boty e5tablithed by the Churth of End. The PCC operates w)der the Parothial Churth Cwncil Powers measu It is a registered tharity. Organlsathnal Strurtu Members of the PCC are TnJstees of the th¥ity arKI are either ex-offi¢io i¥ elerted in accordan with the Churth Representation Rule5. 7 churth attendees are encouraged to registeronthe Elettoral Roll stand forelettion to thÈ PCC
THE PAROCHIAL CHLIRCH COUNaLOF THE ECCLESIASTIC PAR15H OF ST MARYTHE VIRGIN.TWICKENHAM TRUSTEEg ANIIUAL ItEPOKY FOR THE YEAR ENDED JI DECEMBER 2022 Members of the PCC and its Commrttees meet regularly and otherwrise keep in t0h thrgh irrfDrn)al dlscu5slons and email. The PCC operates throu8h è number of comrnitteesand groups refielling the $11) of the PCC They meet on a regular basis and make recommendatlowts to the full PQ The committees 3re.made up of members ofthe PCC and interested members of the CoregatiOn. Ad.hoc Committees and wwking parti&5 areformed from timeto time forspeuficshort-temi purwses. Method5. Appointrnrt Electi(MT. Inductlon &TrnlnkngofM•nbers Members of the PCC are elected for a threfryear terni at the Annual Par(Khl Churth Meeting I'APCM'I and can ser¥e two consecutNe thretryear tern)s, a totsl of six years, before haTr8 to 5tsnd down for a minirnum of a year. Members can be ccwtted annuallytothe PCQ Members a elected a50ffi£ers and Wardens and appointed as PCC representstives on the Standing Commlitee. All members are imited to attend tr3inin& both a5Tntstees and in thwcapacity oftheir indi¥fjdual appointments. The Trustees are responsible for preparingthe Tnjstees, Report and the fTrnancial Statements in accordants wlth the applICab law and United Kingdom AccountingStatKlards (United fingdom Generally Accepted Accounting Pro). The law applicableto charit5 in En8larMI and Wolesandthechurch Accountln8 Regulations 2006 requirethe Pccto prepare a Twstees. Report and Financial statements for eath ffinancial year whith 8ive a tnje and fair Ylew of the state of affrdlrs of the charityaTrJ ofthe 1ncorningres0ur and application of res$0ftheCh8rrtvtsthatpe11Od. In preparing the finanaal statements, the Trustees are reqtsired to: select suitable accounting polioes and then appty them consisten¥.. observe the method5 and principle5 in the appliobie tharities SORP- rnakejudgments and accounting e5timatesthat are reasonable and PTuden( state whether applicable accounting standards have been folluwed. sutiect to any rnaterlal departures disclosed znd explained In thefinandal statements- and prepare the financb31 siatements on the going concern basis unless rt 15 Inappropriate to presume that the thurch willajntinue to operate. TheTrustees are responstbleforkeepingaccounting records whith d55dose with reasonable accurary atanytimethe flnancial positlon of the PCC and to enable it to Ènsure that the finanoal statements comply with the thurth Accounting Regulations 21. the Chartties Art 2011and the applKable a)arity (Accounts and Reportsl ReBulations. They are also responble for safeguardi1 the assets of the drity arwj tsklnB re350nable steps for the prevention and detection of fraud and other irregularftle& Independent ExamineT Kerry Gallagher of RSM UK Tax aTKI Accountfjng Umited ha5 Indicated her wuingnets to undertake the Independent examination of the financial statemerrts.
sr MARYTHE VIRGIN. TWICKENHAM REFERENCE ANDADMINISTRAIIVE DETAIIS The Church of St Mory The lthrBln ts sltuated doseto the li in the old part ofTwickenham. It is part OfthÈ Dio¢e of London within the Church of England. The Parish bndude5 a rdztNety small numberof residential propert, and thus rnany of those on the Ele¢toral Roll I& OLrtslde the Parish. its correspondence address is: The Parlsh Office, St llanKs Chtsrth Hall. Chunh Street Twtkenham. Middlesex TWI 3W. Telephone: 0208 744 2693 Websf(e'. wwWstmarytCk.0r¥.uk Re8thred tharÉty number.. 1133089 The members of the PCC arè ltsted bebcw. Incumbent The R•/d Jeffery Hopknn Willbams Church Wardens BartJa Wluiams Britton Elitateth WebiM)rn Karen Kiddle Elected Member5 MarkVfiLson iiz Sledge John Ajbasiny Amie Atlay Geoff Noble Aosemary Fulljame5 Stephen Tedev App¢ynted APCM 2022 Retlred APCM 2022 Audry Thoma5 Shwts Pree SFKsbba Saj'an Co-opted Members Adrian MumfDrd 5ophy Fisher I member5 served throu8hoLrt the year unles5 indK3ted to the contrary. The APCM for 2022 was held on 24 April 2022. Thè Trustees. Report wa5 app the Par(Khb31 Churth Counol on_-. aThJ sened on 6ts behalfby: eWdR F Drasar . Treasurer
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PAROCHIAL CHUACH COUNCIL OFTHE ECCLESIASTICAL PARISH OF ST MARYTHE VIRGIN, TWICKENHAM I report to the Trustees on my examlnatlon of the financlèl starements of The P&rochlal Church Councll of the Ecclesla5tlcal Parlsh of St. Mary, The Vlr85n. Twlckenham I'the chariv) forthe year ended 31 December 2022, whlch are Set out on pages 9 to 20. Responsibllities and bas1> ol POrt Asthe Trustees of the charlty, you are responslble ftirthe preparatlon of th8flnèn¢l•l statement5 In acwrdance wlth the requlrements of the Charitlès Act 20111.the 2011 Act'l. report ifi respect of rny examlnation of the charity's finènclal Statements tarrSed out under Section 145 of the 2011 Act. and In carryirt8 Out my examination I have followed all the applic•ble Olrectlon5 glven bythe Charltycornmlsslon under sertion 1451Sllbl ol the 2011 Act. An Independent e¥amlnatlon does not Involve gatherlng all the evldence that would be requId In an audlt, 8nd consequently, does not cover all the matters that an •udltor con5Ider5 In 8hlng thelr oplnion on the flnancial Statements. The plannlng and conduct ol an audlt Boes beyond the lirnited assurance. thèt an Independent examlnatSon can provlde. Consequently. l exp$$ no opinlon as to whether the flnancSal statements present a 'tr and falr vl¢ and my report Ilmltèd to those speclflc mattèrs s•t out the Independent examlnerfs statement. Independ•nt ¢xamlneVs $t•tgm•nt 55n¢e the charlty's gross Income exceeded £250,00 your exarnlner must be a member of a body listed In Section 145 of the 2011 Act. I conflrm thèt l arn quallfied to undertake the examlnatlon because l arn a Tnernber of The In5tltute of Chartered Accountants In England and Wales, wh5ch Is one ol the115ted bodles. I have cornpleted my examlnat5on. I conflrm that no Mater1 matters h8ve come to my attentlon In connectlon wlth the exarnlnatlon glYSng me reasonable cause to bèlieve that In any material respect.. ccountln8 records We not kept In respecr of the charlty as reqUId by sectlon 130 of the 2011 Act,. or the ffnan¢l81 staternents do not accord wlth those records,. or the flnantlal statement5 do not comply wlth the applicable quIrernents concernlng the form and contènt of financlal statement5 set out In the Chèritles (Account5 and Reports) Re8ulation$ 2fpJ8 other than anv requlrement that the accounts give a 'true and farr viev/ which Is not a matter con51dered as part gf an Independent eMamlnat50n. I have no concerns and have come across no other matters In connectlon wlth the examlnation to whlch Ittentlon should be drawn in thls report In Order to enable a Proper understandlng of the financS015taternents to be reached. Slgned.. Name.. Kerry Gallè8her Name of applicable listed body.. The In5tltute of Chartered A¢countant5 In EnEland and Wales Relevant professional qualiflutlon or rnernbershlp of professlon81 body.. Chartered Accountant ON BEHALF OF RSM UK TAX AND ACCOUNTING LIMITED Chartered Accountsnts Davldson House. Forbury Square, Readin& BErhITe RGI 3EU 21103123 Date.............
sr. MARYTHE VIRGIN.IWKKENIIAM srATEMENf OF ANANOAi KnvmES FOR THE YEAR ENDED 31 DKfMBER 2022 N¢)te TOTAL FUNDS Funds Funds 2022 2021" Inme and endowments from: Donations & legacies Charitable activtties Other tr3ding attivtknes Investments 197.139 63330 202319 63J30 4298 171,749 38,420 8,623 14 2b 2c 2d L185 Totsl 266W2 5J80 271J32 218,806 Expendllurn on: Raisin8 funds Charitable artivities 769 703 3b 198A18 164.843 Total 199. 165,546 NET MOVEMENT IN FUNDS 67.465 5.180 71645 53,260 Ile¢on¢lllatlon of Fund Total funds broutht forward 191.240 34.593 225.833 172.573 Totsl lunds carrled foThArd 258,705 39.773 298,478 225,833 The notes on pa8es 12 to 20 fomi part of these accounts. ' an analysis for 2021 t$ given on the next pa8e.
THE PAROCHIALCHURCH COLwaLOFTHE ECCLESIAsncAL PARISH OF ST. MARYThE VIRfjIN.TWICKENHAM STATEMENTOF FINAIKIAL AcnvmES FOR ThEYEAR ENDED31 DECEMBER 2021 Note Unrestrlcted Restrlrted Funds Funds TOTAL FUNDS 2021 2020 come and endtr*merts from: Donatlons & legaeles Charltable actlvitles other trading artlvlties Investments 2a 2b 2c 165,358 38,420 8.623 14 6,391 171,749 38A20 8fi13 290,802 20.772 7,007 392 Total 211415 6A91 218006 318,973 £xp•ndllurn on: Ralslng funds Charltsble artlvltle5 3a 3b 703 164,843 705 164WJ 620,285 Total 165.$46 165,546 620,285 NET MOVEMENTIN FUNDS 391 53360 1301,3121 R•rondll•tlw ol Funds: Total funds brought forward 144,371 28.202 17157J 473.885 Total funds <•rrf•d f¢Jn¥ard 191340 34,593 225,833 172,573 The notes on pages 12 to 20 form part of these a¢¢ounts. io
FIXEDASWS CURftE ASSEf5 27.910 Cash atbankon shorttermdep)5k and In harKI 221313 250.223 UABILMES Credltots-anwntsfallngdue In one ar 9.) P6J>) NEf CLIRRENT AS5Ers 225A33 PARtsH FUND5 Unrestrxted 19L240 Restrk 34.593 225..833 Apprtsved by the Parothlal Chwth Cwil on 21th Marth 2023 and signed on its behalf br. d R.J. Hopkin Wllllam% F Ordsaf Hon.Treasurer The [On pages 12 to 20fM partoftheseac¢(xM li
THE PAROCHIAL CHURCH COUNCILOF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN. TWICKENHAM NOTESTOTHE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 ACCCMJNTING pouaES The flnanclal statements have been prepared In accordance wlth the ChaTltle5 Art 2011, the Church AccountSng Re8ulatlons 2006 and ACcountn8 and Reporting by CharltSes.. Staternent of Recornmended Practice applltable to charltles preparlTh8 thelr accounts In accordance with the Flnanclal Reporting Standard 102. The PCC Is a publlc benefft entity wlthln the meanlng of FRS 102. The flnanclal statements hzve been prepared to give a 'true and falrf vSew and have departed from thè Charftles IAccounts and Reports) Regulation5 2008 onlyto the extent requSTed to provlde a'true and falrf vlew. This departure has Involved followlng Accountlng and Reportln8 by Charitles preparingtheirflnanclal statements In accordance wlth the FSnanc5al Reportlng Standard appllcable In the LIKand Republl¢of Ireland IFRS 1021 Issued on October 2019 rarhef than thè AttountSng and Reportlng by Charities.. Statement of Recommtnded PrncIl effertlve from l Aprll 2005 whlch has slnce been wlthdrawn. The financial statements have been prepad under the historlcal cost conventSon. The flnanclal statements Include all transartlons, assets and liabillties lor whlch the PCC Is responslble In law. They do not Snclude the accounts of church groups that owe their main affillatlon to another body, nor those that are Informal gatherln85 of ¢hurth members, Funds Unrestrlcted funds are fund5 whlch can be used for the ordlnary buslness of the PCC. It Includes fvnd$ desl8nated by the PCC for a partScular purpose. as Indlcated by Its name. Restrlrted fund5 represent funds Subject to specthc restrlctlofis as to thelr purpos*. funds rnay only be used lor the purposes Implied in the tltle of each $tr¢rted fund. Any balance remalnlng unspent at the end of each year must be carrled forward as a balance on that fund. Where restrlrted fund5 are not Invested Separately from other types of funds held by ihe PCC, Interest Is apportloned between funds based on the Indlvldual balance held. Golhg Conc•rTr There are no maierlal uncertalntles regardlng the 8oin8 concem ststus ol the PCC. Incom• Planned 8ivin8, collectlons and donatlons are recognlsed when recelved. Income tax refunds are reco8n15ed when the Intomi resource to whlch they relate Is recelved. Grants and legKies to the PCC arè attounted for as 500n as the PCC15 legally entitled to the amount due provlded its value can be reliably measured. Funds ralsed during HM the late Queen's Platlnurn Jubllee Cerebratlons and slmllar events art accounted for gr055. Rerfal income from the lettlng of church and hall premlses Is reco8nised when th@ r•ntal is due. Dlvidends and interest are accounted for when recelvable. -12-
ThE PAROCHIALOIURCH COUNCILOF THÈ EcaÉsiASllCAL PARISH OF ST MARYTHE VIRGIN.TWICKENHAM NOTtSTO THE FINANCIALSTATEMENIS FOR THE YEAR ENDED 31 DECEM8ER 2022 Galns and loss•s on Inwsthient$ Reallsed 8alns or losses are recognlsed when Investments are Sold. VThreallsed galThs Or1055 afe actounted for on the revaluatlon of Investments at the balan¢e sheet date Expendlture Llabllltles are reco8nlsed as expendlture as soon as there Is a legal or ttnstructlve obll8atlon cornmlttlngthe charlty to that expendlture and the obllgatlon wlll resuk In an outhow of funds that can be measured reliably. Expendiiure Is accounted for on an attruals basls whlch wlll Include VAT where appllcable as thls Cannot be recovered. Grants and donatlon5 are accountéd for when pald over, or when awarded. If that creat05 a blndlng obllgallon on the PCC. The parlsh contrlbutlon to the Dlocesan Common Fund Is accounted for when pald. Support costs are allocaied to the relevant actlvlty cost cate80ry. As the amount of parlsh s?lary and offlt costs attrlbutable to fundralsSn8 COSt51s ne81i8ible in val, however me8sured, the costs are allocated to church actlvltles. Flxod As5•ts Consecrated lond ond bulldlngs Gndmoveoble chur¢hfumishlnis In 50 for a5 consecrated and benefice properry of any kind 15 excluded from the statutory deflnltlon of charlty by vlrtue of 5ertlon 10121 (al & Icl of the Charttles Art 2011, 5ueh assets are not capltsllsed In the flnanclal statements. Moveable chUh furnlshln8s held by the vl¢ar and Church Wardens on speclal trust torthe PCG and whlch requlre a facultyfof dlsposal, are Inallenable property11sted In the church lftveniory Iwhlch can be Inspected atany reasonable tlmel. No value Is placed on such Items. ExpendSture Incurred durlngtheyear onconsecrated or beneflce bulldlng5and moveablechurch fvrnishlnBS* whether maSntenance or Improvemen( Is written off a5 expendilure In the Statement of Financlal AttSvltles and separately disclosed. Otherfvrures flttlng5 17nd offict equlpment Equipment costln8 in exces5 of £75015 capitalised and depreclated over Its estimated economlc Ilfe. Expenditure on assets costing less than £75015 treated as an expense ol the year. DepreGiation Is piovlded at the followlng rates.. Equipment Cornputers IO% per annum 25% per annum -13-
THE PAROCHIALCHURCH COUNCILOF THE ECCLESIASTICAL PARISH OF ST. MARYTHE VIRGIN. TWICKENHAM NOTESTOTHE FINANUAL STATEMENTS FOR THE YEAR ENDED 31 DECÉMBÉR2022 2 INCOMEAND ENDOWMENTS FROM: Unrestrkted Restrlrted TOTAL FUNDS 2021 2021 Fund5 Funds 2• Donat(ons & legacles Planthed giving Glft Ald donatlons IncorneTax recoverable Other planned glvlng Collections 96,055 25,851 3.226 20.536 22,954 2.5LK) 26,017 965$ 25.851 3,226 20.536 27A64 2,770 14017 86,064 21,516 14,081 9.401 35,168 4,019 Donatlon5, Grants IncomeTax recoverable Legacles 4,910 270 197.139 5.180 X12319 171,749 2b Ch•rlt•ble athvlties Chu¥ch & hall lettlngs Fees 56,904 6.426 5491 6A26 32,942 5,478 6a.330 63.3 38,420 2¢ Othef tradln8 actlvltles Fundral$lnB aC15vltles- Fete and other fundra[6 events 8,623 4,998 8.623 2d Inve5tment5 Dlvldends & Intere$t 1,185 14 1,185 14 TOTAL IP4COME 266,652 5,180 Z7L832 218,806 14
THE PAROCHIALCHURCH CCXINaLOFThE ECCLE51ASncAL PAR15H ( sr. fvlARYTHEVIRGIN. TWICKENHAM NOYESTOTHE FINANCIALSTATEMEiifsFOR THEYEAR ENDED 31 OECEMBER 2022 3 EXPEt401TURE (114: Unrestrlcted Restrlrted Funds Funds TOTAL FUNDS 2022 2021 3a RaisiThg funds Fete and otherfund ralsin8 events 769 769 703 769 769 703 3b Charitsble artlvltles M1s51onary & charltable gbvlng Overseas: M15$1onary socletles Rellef & development agen¢1 Secular organlsatlons 1,962 1,675 1,962 &675 960 2,585 Mlnistry.. Contrlbutlon to Common Fund Asslstant Clergy houslng & Mlnlstry Cler8y expenses & housin# B9,OC¥) 89JYX) 86,000 2,647 961 4,300 Church.. Property runnln8 expenses Repalrs & malntenance Upkeep of 5eivice5 Upkèep of churchyard Sunday 5¢hool expenses Lay asslstants, Includlng cholr Church hall wnnln8 costs Parlsh Office co$ts Oepreclatlon Governance costs - Independent Examlner's fee5 - Other professional costs 13,853 9,621 9,787 7.702 112 8,424 20.468 24,391 950 13,853 9,611 9,787 7.702 112 8,424 20A68 24.391 950 8,502 5.409 3,789 6,486 iio 6,210 13.237 23.257 950 3,740 2,433 198,418 3,740 Z.433 198,418 I6443 3,740 TOTAL EXPENDXTURE 199.187 199 X87 165,546 15
THE PAROCHIALCHURCH COUNCIL OF THE ECCLESIAsficAL PARISH OF ST. MARYTHf VIRGIN. TWICKENHAM NOTESTOTHE FINANCIALSTATEMENTS FOR THE YEAR ENDE031 DECEMBER 2022 4 Staff costs. unresirlcted funds 2022 2021 Wages & salarles 21593 20,814 22.593 20,814 Average monthly nurnberof employees- admlnlstratlon The members of the PCC make up the senlor mana8ement team and key management personnel forthe Current or prevlous year. No member ol the PCC recelved any remuneratlon orother benefit of employrnentdurlngthe current or prevlousyear otherthan noted In note S below. S Yransartlon5wIth rnembers olthe PCC Clergy expenses relmErtJrsed to the Incumtenttotslled £1,2S312021- £9611. Certaln mernbErs of the PCC have been reimtwjrsed for expenses Incurred ptrsonlllylorand on behalf of the Church. In total these expenses amounted to £1.834 in rèspÈ£t of slx Trustees12021- £1.187, flve Tru5teesl Wages and salarles Indudes an honorarlum of £3,56512021- £33951 pald to the oryanlst. Members of t PCC contrlbuted, In total, £IL118 tothe unrestrlcted and £420to the restrlrted fvn4Js of the Church durln8the year12021-£11,J41 & £4201. Other than disclosed above.thÈre were no related party transattions In the current or prevlous year. 6 Flxed Assets. unrqstrbtted fvNI Office equlpmert At 31 December 2021 Addltlon5 Dlsptssals At 31 December 2022 11,271 11,271 Oepreclatlon Al l January 2021 Chargeforyear At 31 De¢ember 2022 19.3711 19501 110,3211 Net bookvalue At 31 DK•mber 2022 950 At 31 December 2021 16
THE PAROCHIALOttIROI COUPKILOFTHE ECCiE51ASTICALPARISH OF sr. MARYTHEVIRGIN.TWICKEfrIHAM IIOTESTOTHE FINAKIALSTATEMEPITS FOR ThEYEAR ENDEO 31 DECEMBER 2022 20ZZ 2021 Unre#rftted R¢strlcted Unrestrftted Restri¢ted Total Totsl Income tsx recoverable Other debiors 20.170 10,136 270 20.440 10,136 19,033 8,373 504 19,537 .373 270 30.576 27,406 $04 27.910 Cr•ditrrs-mounty f•lllN du• In on• y• 2011 Unre$trirted Rstrfrt4d 2021 Unie$trf¢r¢d Restricted Totsl Total Other credkors 27,955 1,158 19.191 23,565 2,725 26,290 17
ST. MARYThE VIRGIN. TWICKENHAM NOTES TO ThE FINANaAI sfATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 9 Par15h lunds Balance at 31 December 2022 Balance at I Incomlng January 2022 Resources expended Fund transfer5 resource5 Unrestrl¢ted Designutedfunds.. Minlstry & Youth Charltable Glvln8 Capltal Prole¢t Organ & Music Fund 10.000 4.173 10,005 14,500 38.678 lio,0) 496 13,9941 3,970 13,6371 16,0111 ' 5002 14,500 19,502 3,970 19,6481 113,4981 Undeslqnotedfvnds.. General 152.562 191,240 262,682 266,652 1189.5391 13,498 1199,1871 239,203 258.705 Restrktedfvnds Upkeep of Bells Upkeep of Cemeterles Upkeep of Garden of remembrance Church Reoiderlng fund Organ & Music fund 300 26 300 26 841 19,086 14,340 5,180 24.266 14,340 34,593 S,180 39.773 Total Funds 225,833 271032 1199.1871 298,478 18
ST. MARY THE VIRGIN, TWICKENHAM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBÉR 2022 9 Parlsh funds compaeatlves Balance at l January 2021 Balance at 31 Incomlng Resources Fund resources expended transfers Decernber 2021 Unre$trf¢ted Qe5ignotedfunds.' Ministry & Youth Charitable Glvlng Capltal Project Organ & Muslc Fund IS,OC¥) 1,333. 10.005 14,500 40,838 15,OCQI iomo 4,173 IOm5 14.500 38,678 1,385 13,5451 1,385 13.5451 Undeslqnatedfvnd&' General 103,533 144,371 211,030 1162,0011 212,415 1165,5461 152,562 191,240 Rertrlrtedfvnds Upkeep of Bells Upkeep ofCemeterle5 Upkeep of Garden of rery Church Reorderlng fund OrBan & Muslc fund 3CQ 26 841 12,695 14,340 300 26 841 6,391 19086 14.340 28,202 6,391 34,593 Tot•1 Funds 171573 218J06 1165,5461 22S.833 19
THE PAROCHIALCHURCH COUNCIL OF THE ECCLESIASTifAL PARISH OF ST. l¥lARYTHE VIRGIN. TWICKENHAM NOTESTO THf FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 DECEMBER 2022 9 Por15h fvnds IC4Xrtlnuedl Unrestrlcted De51¥nthd funds The PCC malntaln5 3 number of denated funds. They have been set up to set funds asideto meet the asplr3tlons of the PCC in fulfillinB its mlssion statement and forthe upkeep and maintenance of the buildin8s It Is entrusted to manage and look after. T14e purwse of eath fund ts Indkated by Its 11t. ftestrlrted fvnds Where funds are 8lven to the church for 5peclflc purposes they are held as restrlcted fund5 unt51 expensed In a£ctsrdance wlth the terms of the restrlctlon5 attachlng thereto. The purpose for whlch each fund Is held Is 10 ANty$15 Ot n•tais•ts byfund Unrestrlcted Restrlcted Funds Funds 1022 Hxed assets Current a5ts Current Ilabllltles 950 285,688 127,9331 950 41.031 326.719 11,2581 129.1911 258,705 39,773 298A78 Unrestrlrted Restrltted Funds Funds 2021 Flxed a55ets Curreni assets Current llab1lles 1,900 212,905 123.$651 37.318 250,223 12,7251 126,2901 191,240 34,593 225,833 20