2022-12-31-accounts

REGISTERED CHARITY NUMBER: 1133106

Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31 December 2022

for

The PCC of the Ecclesiastical Parish of Bunbury

The PCC of the Ecclesiastical Parish of Bunbury

Contents of the Financial Statements for the year ended 31 December 2022

		Page
Report of the Trustees	1	to	7
Independent Examiner's Report		8
Statement of Financial Activities		9
Balance Sheet		10
Notes to the Financial Statements	11	to	21
Detailed Statement of Financial Activities	22	to	23

The PCC of the Ecclesiastical Parish of Bunbury

Report of the Trustees for the year ended 31 December 2022

The trustees present their report with the financial statements of the charity for the year ended 31 December 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Bunbury PCC has the responsibility of co-operating with the incumbent in promoting in the ecclesiastical parish the whole mission of the Church: pastoral, evangelistic, social and ecumenical. In deciding what activities to undertake, the PCC has paid due regard to the guidance of the Charity Commission concerning public benefit.

Our vision is to be: "A parish church at the heart of our communities, seeing God's heart in everyone."

In this respect our goals are:

1. The discerning and developing of everyone's different gifts and talents, so we can all play our part in the life and worship of our churches and chapels;

2. Growing our church family across all generations, so God's love can be seen and shared by all in our communities; and

3. Wise stewardship of our buildings and finances, so they are fit for purpose for our generation and the next.

This is a shared mission and ministry, and the Vicar, Wardens and PCC are extremely grateful to all who serve in their own way to enable us to carry out our mission to see God’s kingdom come in Bunbury and beyond.

Page 1

The PCC of the Ecclesiastical Parish of Bunbury

Report of the Trustees for the year ended 31 December 2022

ACHIEVEMENT AND PERFORMANCE

At the start of the year we were pleased to arrange a Special Evensong for the 70th Anniversary of the Queen's Accession to the Throne. Thanks to Jill Robey and the Evensong Choir for their support - the service was very well attended.

We were all shocked and saddened by the Russian invasion of Ukraine in February. A coffee morning was organised by Elaine Crotty, a Quiz Night by the Youth Club, and sale of paintings by Anne James - all to raise funds for the national appeal. Parishioners also offered to host families from the Ukraine - and both the Mason and Carson families continue to host and support refugees.

For Lent and Holy Week our worship and services were shaped by the theme: A time to...

A time to grow, to let go, to be still, to unite, to die and a time for new love.

Thanks too to Rev Claire for facilitating a Zoom course based on the weekly themes with the opportunity for further discussion.

Easter Sunday being on a 3rd Sunday presented us the opportunity to showcase our 3rd Sunday Brunch (cafe style worship) with the wider parish. It was good to see the church filled with a large number of young families who now regularly attend either Brunch or Forest Church on the 1st Sunday. Special thanks go to our hospitality team and music group - the Holy Bandits.

We were also blessed to have a pop up choir from the primary school - thanks to Rose and Poppy for leading that initiative.

St Boniface was also proud to host the Inauguration Service for the High Sheriff of Cheshire - local parishioner Jeannie France Hayhurst (with Rev Tim acting as her chaplain for the year).

High Sheriff Jeannie was also a special guest and judge at our Annual Fete at Beeston Castle in May. It was wonderful to be back after an enforced break due to Covid in 2020 and 21.

Thanks too to Church warden Si Lees Jones and family who hosted a special outdoor service in Bluebell Woods and the Dysart Arms for hosting the return of our Annual Pet Blessing Service.

This year, as well as the fete, St Boniface also hosted an arts weekend: Inspire 22. Special thanks to Elaine Crotty and her team for organising.

There was also a special Deanery Event: a Q&A evening with the new Bishops of Chester and Birkenhead hosted at St Boniface and chaired by Rev Tim.

Rev Tim was also very grateful to the wardens, PCC and Rev Claire for their support in enabling him to have a sabbatical over the summer months. This provided Tim with the opportunity to reflect and pray for a renewed vision for the parishes going forward. Tim also attended conferences and carried out further study in the areas of mental health and the environment. These will be a focus for ministry in the parish in the coming months and years.

In September the nation mourned the passing of HM Queen Elizabeth II. St Boniface hosted a special Evensong on the eve of her funeral and a Book of Condolences was filled by parishioners of all ages.

In October, Rev Tim was delighted to be invited to support the Cheshire Agricultural Chaplaincy Harvest Service on a local farm in the parish. Rev Claire also coordinated our Annual All Souls Service - aimed specifically to support those who had lost loved ones in the previous year.

November 11th falling on a Friday enabled Rev Tim to conduct a special service at the primary school for children, parents and staff. Special thanks to Andy Lawrence from the RBL for attending as Standard Bearer.

Remembrance Sunday also brought the whole community together at St Boniface for our annual service of Remembrance. It was good to see so many youngsters from the uniformed organisations on parade. Special thanks to Sean Augustin Wood and the leaders of the different groups for their support.

Finally, during Advent and Christmas there were a host of key services - all well attended. Special thanks must go to David Cox and Si Lees Jones for managing the challenge of a leak in our heating system. Although the church was not as warm as usual it did not deter parishioners from worshipping with us and celebrating the good news that inspires all that we do: God is with us!

Page 2

The PCC of the Ecclesiastical Parish of Bunbury

Report of the Trustees for the year ended 31 December 2022

FINANCIAL REVIEW

Financial position

We are very grateful for the increase in regular giving and related gift aid income that we have seen during this financial year. We have also seen a large increase in fund raising activities as we have been released from COVID restrictions.

As noted in last year's report we continue to review the high level of restricted funds and how they may be utilised to support improvements to the fabric of the buildings and other matters that will enhance our mission.

The year has shown an overall deficit of £5,068 before unrealised losses on investments - our overall costs have increased by 12%.

Our financial goals remain as in previous years to match our regular income with day to day running costs.

Unrestricted Funds - Our total income on unrestricted funds has increased to £128k from £89k in 2021, some of which is offset by an increase in costs associated with Weddings and Funerals. Our expenditure has also increased to £119k from £87k in 2021. The net position of the unrestricted fund shows a deficit of £3.5k. The PCC has continued the policy that 10% of giving should be ear marked for charitable giving. Support was given to the local charity - Save the Family, to the national charity Childline and the international charity KNYSNA Educational Trust in South Africa. A rolling three-year programme had been established for our charitable giving.

Calveley Chapel - the accounts for Calveley Chapel are consolidated within these accounts and are treated as a designated fund. They show income of c£10k with expenditure of c£4k with insurance and contribution to general funds being the major costs.

Other designated funds - the Curate Fund continues to support Claire's Ministry with c£5k being paid to the Diocese this year. The Youth Club income and expenditure were recorded within a designated fund which again made a surplus due to the income arising from the Pantomime.

Restricted Funds - the major movements in restricted funds relate to the youth worker. This fund showed an in year deficit of c£5k. The Flower Fund was used to provide flowers for the Flower Festival held during the year. The Challinor Fund was used to support fabric projects and some parish administration costs. The Churchyard fund benefitted from generous donations towards the work on the North Gates for which we are very grateful.

Reserves policy

The reserves policy was last reviewed by the PCC in 2017 when it was agreed that it should remain the same: to keep a balance on unrestricted funds (excluding designated funds if possible), which equates to approximately six months’ unrestricted payments, to cover emergency situations that may arise from time to time.

At the year-end there was a balance of £123k (2021, £126k) on unrestricted funds. Once again, with six months’ unrestricted payments in a normal year running at around £60k, this reserves target has formally been met, but only once designated funds are included.

Given the desirability of retaining designated funds, and to use fund-raising at present for specific projects rather than for general church running costs, it is clear that this position remains somewhat precarious. The intention to use the Challinor fund for future works and projects that might previously have been funded from various designated funds should however play a role in easing this situation (whilst not removing the need to ensure that "regular" expenditure is covered by matching regular income from giving and fees) .

The PCC's policy in 2018 was to reduce cash reserves and increase the amount held as investments in CCLA funds. This has served the PCC well since, as the markets have continued to rise, and income has increased. It is expected that funds within the CCLA deposits accounts will be utilised to meet known expenditure in 2023. This situation will continue to be monitored carefully. Contingency measures outlined previously (see 2020 report) are available should this situation arise.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

Page 3

The PCC of the Ecclesiastical Parish of

Bunbury

Report of the Trustees for the year ended 31 December 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT

The PCC

The PCC met 7 times during the calendar year, as the pandemic eased all but two meetings were held in person rather than remotely using Zoom. The standing committee and a number of sub-committees met between meetings, and minutes or oral reports of their deliberations were received by the full PCC and discussed where necessary.

Health & Safety

The PCC regards maintaining the Health & Safety of all people who visit, worship in or work at St Boniface to be very important. To this end Health & Safety matters continue to be discussed and reviewed at every PCC meeting. We continue to assess the risks associated with our activities and seek to minimise them. We also undertake regular inspections of the church premises and the churchyard to ensure no obvious hazards are present. Moreover, our Fabric Committee ensures all areas are well maintained. When an accident or incident is reported, we investigate the causes to identify learnings and we discuss the outcomes at the PCC. We ensure learnings are extracted and are incorporated into our working practises.

This year has seen the relaxation of health & safety guidelines in connexion with the Covid-19 pandemic, as life returns towards normality. We continue to be respectful of people that still have specific health concerns.

We had a visit of an officer from Cheshire Fire & Rescue to refresh their Site-Specific Risk Information (SSRI) for the church building, which is carried out every 5 years. The SSRI contains information about the use of the building, the hazards and risks, construction, operational and environmental considerations to assist in fighting a fire. The aim is so that fire fighters know what to do, and what to prioritise, when then arrive to fight a fire, the layout of the building, and how to protect people (fire fighters and the public). It is reassuring to have a professional perspective of our activities, risks, and mitigations. Data Privacy

The PCC is committed to protecting and respecting your privacy. The processing of personal data is governed by the General Data Protection Regulation (the "GDPR"). Our systems are GDPR compliant, and our Data Privacy Notice is available at https://www.stbonifacebunbury.org/newprivacypolicy.

Page 4

The PCC of the Ecclesiastical Parish of Bunbury

Report of the Trustees for the year ended 31 December 2022

REFERENCE AND ADMINISTRATIVE DETAILS

The parish church of Bunbury is St Boniface which is situated between Vicarage Lane and Bowes Gate Lane in Bunbury. The daughter church, Calveley Chapel, is situated in Calveley. The parish itself is part of the Diocese of Chester within the Church of England. The correspondence address is The New Vicarage, Vicarage Lane, Bunbury, Tarporley CW6 9PE.

The Parochial Church Council of the Ecclesiastical Parish of Bunbury ("Bunbury PCC") is registered as a charity with the Charity Commission, number 1133106.

PCC members who have served from 1 January 2022 until the date this report was approved by the PCC are:	PCC members who have served from 1 January 2022 until the date this report was approved by the PCC are:	PCC members who have served from 1 January 2022 until the date this report was approved by the PCC are:
Incumbent:	Rev'd Tim Hayward	Chair
Churchwardens:	Mr Simon Lees-Jones
	Mr Sean Augustin-Wood
Elected Reps on the Deanery Synod:	Mr David Kendrick
	Mr Nick Sanders	(to September 2022)
	Mrs Elaine Crotty
Elected PCC members:	Mrs Gill Arnold
	Mrs Pat Blackwood
	Mrs Elaine Crotty
	Mr David Cox
	Mrs Anne James
	Canon Dr John Mason	Treasurer then Secretary (from May 2022)
	Mrs Lucy Munro
	Mrs Lucy Oates	(to September 2022)
	Mr Mike Ridley
	Prof Jeremy Shears	Electoral Role Officer
	Mr Colin Stanyer
	Mrs Yvonne Wood	Treasurer (from May 2022)
Other ex officio:	Mr David Kendrick	Diocesan Synod member
	Canon Dr John Mason	General Synod member)
	The Rev'd Claire Wilson	Licensed Curate
	Mrs Amber Middlemiss	Licensed Pastoral Worker
Co-opted		None

Page 5

The PCC of the Ecclesiastical Parish of Bunbury

Report of the Trustees for the year ended 31 December 2022

SAFEGUARDING

Overview. The PCC has complied with its duty to have regard to the House of Bishops' guidance on safeguarding children and vulnerable adults. The approach to our safeguarding is "The care and protection of children, young people and vulnerable adults involved in Church activities is the responsibility of the whole Church. Everyone who participates in the life of the Church has a role to play in promoting a Safer Church for all".

Using this approach, St Boniface is committed to implementing the Church of England's Safeguarding Policy for children, young people, and adults, 'Promoting a Safer Church'. and to demonstrating its compliance with that policy.

The PCC considers safeguarding at all its meetings. There were no cases or attendance agreements being managed at the end of the reporting period.

Safeguarding Officer. Following his appointment as Assistant Diocesan Safeguarding Adviser for the Diocese of Chester, Sean Augustin-Wood stepped down as the Parish Safeguarding Officer. Thank you to Sean for all the hard work, guidance, and diligence he gave this role for the Parish.

Lucy Oates was appointed to replace Sean as Parish Safeguarding Officer and Pat Blackwood agreed to be advocate for the vulnerable and elderly in the Parish. Jen Yates agreed to be advocate for youth in the Parish.

Communication. All visual safeguarding communications on the church noticeboards have been reviewed and updated. Editable versions were also created so other Parishes could utilize the resources if needed.

Social Media. An image log has been created so that all original images of children, teenagers and vulnerable individuals used on social media are logged and saved on an encrypted memory stick. Image permission forms have been signed by all parents/guardians of children under 16 years old.

Training. A review of the safeguarding training status of all individuals involved in serving and working for the church has been completed and requests for updates in training where needed have been made by Parish Safeguarding Officer. A plan to encourage wider members of the congregation to undertake basic safeguarding training has been developed and will be rolled out over the next 12 months.

Supporting the wider Diocese. The Parish took part in a trial for the Diocese for Safeguarding Support Software. It was very encouraging to see that as a Parish we are performing well in terms of safeguarding benchmarking - correct and robust safeguarding processes and measures are in place to protect members of the Parish.

YOUTH WORK

Forest Church:

Forest Church continues to be well supported by young families in the parish. We have seen some growth since last year with 43 families having attended. Many of these families are new to a church set up and enjoy reflecting on God's world in a non- threatening environment.

Ukraine Quiz.

With just two weeks to organise, Bunbury Youth Club hosted a family quiz night in Church. We had a sell out with 140 people attending. This was generously supported by both Burrows Butchers who provided beautiful ham free of charge and Bailey's who provided us with a large amount of cheese, and Si Lees-Jones provided free beer and Tesco’s provided bread/ butter and fizzy drinks. As a result, all money collected was profit and therefore we raised £1400 for Ukraine. The young people had a fantastic experience helping to organise and hosting the different games.

Living Out Loud

Our youth band meet every Tuesday afternoon to share their favourite Christian songs with each other and select the ones they want to practice in order to lead worship at our 3rd Sunday brunch. They are growing in confidence and every week new songs are being explored. It's a effective way for our young people to help shape our worship and feel at the heart of our community.

Third Sunday Brunch

Our young people help in every aspect of the Brunch service. We have volunteers helping with the craft every week, helping with the projector, on the prayer rota, in the youth band, leading drama and our youngest children often have the opportunity to be the voice overs in the animations that are produced. Finding new ways to listen, learn and grow together with our youngest parishioners is at the heart of what St Boniface brunch services offer.

Youth

Incredibly in September every young person stayed on from the previous year. As a result, both Ycs and the waiting list continue to grow. Three Year 10s; Rose, Nell, and Elsa, now lead the games. They have grown in confidence and the younger children look to them as role models. We continue taking them on fantastic trips, climbing, trampolining, ice-skating, tubing and abseiling. All these activists are great for good teamwork and confidence building.

Page 6

The PCC of the Ecclesiastical Parish of Bunbury

Statement of Financial Activities for the year ended 31 December 2022

Unrestricted Restricted Endowment funds funds fund Notes £ £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 66,848 22,687 - Charitable activities Charitable activities 22,403 - - Other trading activities 2 34,381 4,515 - Investment income 3 4,939 3,106 - Total 128,571 30,308 - EXPENDITURE ON Raising funds 9,553 174 - Charitable activities Charitable activities 105,382 42,790 - Other 3,738 2,310 - Total 118,673 45,274 - Net gains/(losses) on investments (12,706) (29,703) (8,444) NET INCOME/(EXPENDITURE) (2,808) (44,669) (8,444) Transfers between funds 12 (709) 709 - Net movement in funds (3,517) (43,960) (8,444) RECONCILIATION OF FUNDS Total funds brought forward 126,142 353,498 74,580 TOTAL FUNDS CARRIED FORWARD 122,625 309,538 66,136	31.12.22 Total funds £ 89,535 22,403 38,896 8,045 158,879 9,727 148,172 6,048 163,947 (50,853) (55,921) - (55,921) 554,220 498,299	31.12.21 Total funds £ 87,919 20,538 11,715 7,319
		127,491
		183 138,138 7,500
		145,821
		65,560
		47,230 1
		47,231 506,988
		554,219

The notes form part of these financial statements

Page 9

The PCC of the Ecclesiastical Parish of

Bunbury

Balance Sheet 31 December 2022 Unrestricted Restricted Endowment funds funds fund Notes £ £ £ FIXED ASSETS Tangible assets 7 236 - - Investments 8 96,283 270,383 66,136 96,519 270,383 66,136 CURRENT ASSETS Debtors 9 14,947 3,408 - Cash at bank and in hand 23,936 40,547 - 38,883 43,955 - CREDITORS Amounts falling due within one year 10 (12,778) (4,799) - NET CURRENT ASSETS 26,105 39,156 - TOTAL ASSETS LESS CURRENT LIABILITIES 122,624 309,539 66,136 NET ASSETS 122,624 309,539 66,136 FUNDS 12 Unrestricted funds Restricted funds Endowment funds TOTAL FUNDS	31.12.22 Total funds £ 236 432,802 433,038 18,355 64,483 82,838 (17,577) 65,261 498,299 498,299 122,624 309,539 66,136 498,299	31.12.21 Total funds £ 761 483,703 484,464 16,056 58,383 74,439 (4,684) 69,755 554,219 554,219 126,144 353,495 74,580 554,219

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. Trustee

The notes form part of these financial statements

Page 10

The PCC of the Ecclesiastical Parish of Bunbury

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

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the FRS 102 SORP.

The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value. The financial statements include all transactions, assets, and liabilities for which the PCC is responsible under law. They do not include the accounts of church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members. Also excluded are transactions where the PCC acts solely as a collection agent for another party (such as collections where it has been determined that all or a specified proportion will be passed on to a named charity).

Incoming resources

Planned giving, collections and donations are recognized when received. Tax refunds are recognized when the incoming resource to which they relate is received. Grants and legacies are accounted for when received rather than when the PCC is legally entitled to the amounts due. Exceptionally, grants may be recognised earlier when they are deemed certain and relate to expenditure that occurred in the financial period. Dividends are accounted for when receivable, and interest is accounted for when received. All other income is recognized when it is receivable. All incoming resources are accounted for gross.

Resources expended.

Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC. The diocesan parish share is accounted for when due. All other expenditure is generally recognized when it is incurred and is accounted for gross.

Fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Consecrated and benefice property is not included in the accounts in accordance with s.96(2)(a) of the Charities Act 1993. Calveley Chapel is treated as having zero book value reflecting its perceived market value as affected by the restrictive covenants associated with it.

Movable church furnishings held by the vicar and churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the church’s inventory, which can be inspected (at any reasonable time).

Equipment used within the church premises or for church purposes outside of the building is depreciated on a straight-line basis over four years. Individual items of equipment with a purchase price of £1,000 or less (£500 prior to 2011) are written off when the asset is acquired, although at their discretion the Trustees may reduce this threshold to £500 in the case of items that are clearly of long-term value and capital in nature.

Investments are valued at market value on 31 December.

Taxation

The charity is exempt from tax on its charitable activities.

Funds

Endowment funds are funds, the capital of which must be maintained; only income arising from investment of the endowment may be used either as restricted or unrestricted funds depending upon the purpose for which the endowment was established.

Restricted funds represent (a) income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest, and (b) donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of each year must be carried forward as a balance on that fund. The PCC does not usually invest separately each fund. Where there is no separate investment, interest is apportioned to individual funds on an average balance basis.

Unrestricted Funds are general funds which can be used for PCC ordinary purposes. On occasions the PCC may designate part of the unrestricted funds for a particular purpose. Although these designated funds are thereby ear-marked for that purpose they still form a part of the unrestricted funds of the PCC and may still be used for PCC ordinary purposes.

continued...

Page 11

The PCC of the Ecclesiastical Parish of Bunbury

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

2. OTHER TRADING ACTIVITIES

3.

	31.12.22	31.12.21
	£	£
Fund-raising	31,150	4,594
Advertising	5,926	5,481
Lettings	1,820	1,640
	38,896	11,715
INVESTMENT INCOME
	31.12.22	31.12.21
	£	£
Dividends and interest	7,391	7,156
Other investment income	-	129
Interest from cash on deposit	654	34
	8,045	7,319

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.

5. STAFF COSTS

A part-time Administrator was employed from 1 June 2021. Approximately half of her time was spent supporting the Vicar in his role as Rural Dean. This was funded from the Challinor fund rather than Unrestricted funds. A part-time youth worker was employed throughout the year.

PAYMENTS TO PCC MEMBERS

The part-time Administrator is also a PCC member but recuses herself whenever her employment is discussed by the PCC. The PCC Chair similarly recuses himself whenever his wife's role as youth worker is discussed. A small immaterial portion of the expenses paid to the incumbent may have related to services as Chair of the PCC. No other payments or trustee expenses were paid to any other PCC member, persons closely connected to them or related parties.

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted Restricted Endowment funds funds fund £ £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 69,616 18,303 - Charitable activities Charitable activities 20,418 120 - Other trading activities 9,217 2,498 - Investment income 4,805 2,514 - Total 104,056 23,435 - EXPENDITURE ON Raising funds 183 - - Charitable activities Charitable activities 103,910 34,228 - Other 6,702 798 -	Total funds £ 87,919 20,538 11,715 7,319
	127,491
	183 138,138 7,500

continued...

Page 12

The PCC of the Ecclesiastical Parish of Bunbury

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

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

	Unrestricted	Restricted	Endowment	Total
	funds	funds	fund	funds
	£	£	£	£
Total	110,795	35,026	-	145,821
Net gains on investments	56,185	-	9,375	65,560
NET INCOME/(EXPENDITURE)	49,446	(11,591)	9,375	47,230
Transfers between funds	(42,475)	42,476	-	1
Net movement in funds	6,971	30,885	9,375	47,231
RECONCILIATION OF FUNDS
Total funds brought forward	119,174	322,609	65,205	506,988
TOTAL FUNDS CARRIED FORWARD	126,145	353,494	74,580	554,219
TANGIBLE FIXED ASSETS
				Fixtures
				and
				fittings
				£
COST
At 1 January 2022 and 31 December 2022				2,099
DEPRECIATION
At 1 January 2022				1,338
Charge for year				525
At 31 December 2022				1,863
NET BOOK VALUE
At 31 December 2022				236
At 31 December 2021				761

7. TANGIBLE FIXED ASSETS

8. FIXED ASSET INVESTMENTS

The fixed asset investments are generally invested in the CBF Investment Fund. There is one endowment fund held by Chester DBF on behalf of Bunbury PCC. Funds.

Market value b/f 1 January Disposals at carrying value Purchases at cost Revaluation gain/(loss) Market value at 31 December	Unrestricted Funds £ 6,901 - - (804) 6,097	Designated Funds £ 102,139 - - (11,903) 90,236	Restricted Funds £ 300,083 - - (29,700) 270,383	Endowment Funds £ 74,580 - - (8,444) 66,136	Total Funds 2022 £ 483,703 - - (50,851) 432,852	2021 £ 418,143 (6,034) 6,034 65,560 483,703

continued...

Page 13

The PCC of the Ecclesiastical Parish of Bunbury

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

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

9.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		31.12.22	31.12.21
		£	£
	Trade debtors	815	1,079
	Other debtors	1,015	4,295
	Social security and other tax	474	-
	Tax	11,511	10,682
	Prepayments and accrued income	4,540	-
		18,355	16,056
10.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		31.12.22	31.12.21
		£	£
	Trade creditors	2,206	885
	Taxation and social security	-	252
	Other creditors	15,371	3,547
		17,577	4,684

continued...

Page 14

The PCC of the Ecclesiastical Parish of Bunbury

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

11. MOVEMENT IN FUNDS

Unrestricted funds General fund Church fabric (Fete) Ear-marked for charitable giving Calveley (designated) Curate support (legacy) Youth club (designated) Restricted funds Churchyard Choir Kitchen Challinor Bells Organ Flowers Church steps Friday at Tillys Youth worker Alive Bunbury community Clock repair Youth Club Endowment funds Endowment TOTAL FUNDS	Net Transfers movement between At 1.1.22 in funds funds £ £ £ 8,254 1,716 (3,115) 66,816 1,592 - 3,458 (2,305) 4,406 37,381 1,490 (2,000) 9,616 (6,039) - 617 737 - 126,142 (2,809) (709) 16,479 2,303 - 3,263 227 - 1,471 - - 241,376 (34,175) - 2,669 38 - 28,955 (390) - 7,324 (4,614) - 4,267 57 - 4,269 - - 38,840 (5,458) - 1,444 (185) - 1,250 - - 1,391 (2,100) 709 500 (371) - 353,498 (44,668) 709 74,580 (8,444) - 554,220 (55,921) -	At 31.12.22 £ 6,855 68,408 5,559 36,871 3,577 1,354
		122,624 18,782 3,490 1,471 207,201 2,707 28,565 2,710 4,324 4,269 33,382 1,259 1,250 - 129
		309,539 66,136
		498,299

continued...

Page 15

The PCC of the Ecclesiastical Parish of Bunbury

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

11. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

	Incoming	Resources	Gains and	Movement
	resources	expended	losses	in funds
	£	£	£	£
Unrestricted funds
General fund	107,985	(105,465)	(804)	1,716
Church fabric (Fete)	11,542	(2,711)	(7,239)	1,592
Ear-marked for charitable giving
	-	(2,305)	-	(2,305)
Calveley (designated)	7,062	(1,874)	(3,698)	1,490
Curate support (legacy)	-	(5,074)	(965)	(6,039)
Youth club (designated)
	1,982	(1,245)	-	737
	128,571	(118,674)	(12,706)	(2,809)
Restricted funds
Churchyard	9,943	(7,640)	-	2,303
Choir	337	(110)	-	227
Challinor	1,828	(8,876)	(27,127)	(34,175)
Bells	38	-	-	38
Organ	311	(701)	-	(390)
Flowers
	180	(4,794)	-	(4,614)
Church steps	57	-	-	57
Youth worker
	12,620	(15,502)	(2,576)	(5,458)
Alive	(1)	(184)	-	(185)
Clock repair	-	(2,100)	-	(2,100)
Youth Club	-	(371)	-	(371)
Ukraine	4,995	(4,995)	-	-
	30,308	(45,273)	(29,703)	(44,668)
Endowment funds
Endowment	-	-	(8,444)	(8,444)
TOTAL FUNDS	158,879	(163,947)	(50,853)	(55,921)

continued...

Page 16

The PCC of the Ecclesiastical Parish of Bunbury

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

11. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds General fund Church fabric (Fete) Ear-marked for charitable giving Calveley (designated) Curate support (legacy) 700 Project Youth club (designated) Restricted funds Churchyard Choir Kitchen Challinor Bells Organ Flowers Church steps Friday at Tillys Youth worker Alive Bunbury community Clock repair Youth Club Endowment funds Endowment TOTAL FUNDS	Net Transfers movement between At 1.1.21 in funds funds £ £ £ 7,071 57,959 (56,775) 57,404 1,602 7,810 3,467 (3,467) 3,458 34,282 1,109 1,991 13,993 (5,418) 1,041 2,500 (2,500) - 457 160 - 119,174 49,445 (42,475) 18,103 (1,624) - 3,072 191 - 1,471 - - 211,491 (9,815) 39,700 2,962 (293) - 29,344 (389) - 7,321 3 - 4,265 2 - 4,269 - - 37,840 (1,779) 2,776 1,096 348 - 1,375 (125) - - 1,391 - - 500 - 322,609 (11,590) 42,476 65,205 9,375 - 506,988 47,230 1	At 31.12.21 £ 8,255 66,816 3,458 37,382 9,616 - 617
		126,144 16,479 3,263 1,471 241,376 2,669 28,955 7,324 4,267 4,269 38,837 1,444 1,250 1,391 500
		353,495 74,580
		554,219

continued...

Page 17

The PCC of the Ecclesiastical Parish of Bunbury

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

11. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

	Incoming	Resources	Gains and	Movement
	resources	expended	losses	in funds
	£	£	£	£
Unrestricted funds
General fund	88,808	(87,034)	56,185	57,959
Church fabric (Fete)	9,602	(8,000)	-	1,602
Ear-marked for charitable giving
	-	(3,467)	-	(3,467)
Calveley (designated)	2,871	(1,762)	-	1,109
Curate support (legacy)	6	(5,424)	-	(5,418)
700 Project	813	(3,313)	-	(2,500)
Youth club (designated)
	1,956	(1,796)	-	160
	104,056	(110,796)	56,185	49,445
Restricted funds
Churchyard	372	(1,996)	-	(1,624)
Choir	301	(110)	-	191
Challinor	3,662	(13,477)	-	(9,815)
Bells	1	(294)	-	(293)
Organ	125	(514)	-	(389)
Flowers
	3	-	-	3
Church steps	2	-	-	2
Youth worker
	13,167	(14,946)	-	(1,779)
Alive	826	(478)	-	348
Bunbury community	(125)	-	-	(125)
Clock repair	4,601	(3,210)	-	1,391
Youth Club	500	-	-	500
	23,435	(35,025)	-	(11,590)
Endowment funds
Endowment	-	-	9,375	9,375
TOTAL FUNDS	127,491	(145,821)	65,560	47,230

continued...

Page 18

The PCC of the Ecclesiastical Parish of Bunbury

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

11. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds General fund Church fabric (Fete) Ear-marked for charitable giving Calveley (designated) Curate support (legacy) 700 Project Youth club (designated) Restricted funds Churchyard Choir Kitchen Challinor Bells Organ Flowers Church steps Friday at Tillys Youth worker Alive Bunbury community Clock repair Youth Club Endowment funds Endowment TOTAL FUNDS	Net Transfers movement between At 1.1.21 in funds funds £ £ £ 7,071 59,675 (59,890) 57,404 3,194 7,810 3,467 (5,772) 7,864 34,282 2,599 (9) 13,993 (11,457) 1,041 2,500 (2,500) - 457 897 - 119,174 46,636 (43,184) 18,103 679 - 3,072 418 - 1,471 - - 211,491 (43,990) 39,700 2,962 (255) - 29,344 (779) - 7,321 (4,611) - 4,265 59 - 4,269 - - 37,840 (7,237) 2,776 1,096 163 - 1,375 (125) - - (709) 709 - 129 - 322,609 (56,258) 43,185 65,205 931 - 506,988 (8,691) 1	At 31.12.22 £ 6,856 68,408 5,559 36,872 3,577 - 1,354
		122,626 18,782 3,490 1,471 207,201 2,707 28,565 2,710 4,324 4,269 33,379 1,259 1,250 - 129
		309,536 66,136
		498,298

continued...

Page 19

The PCC of the Ecclesiastical Parish of

Bunbury

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

11. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

	Incoming	Resources	Gains and	Movement
	resources	expended	losses	in funds
	£	£	£	£
Unrestricted funds
General fund	196,793	(192,499)	55,381	59,675
Church fabric (Fete)	21,144	(10,711)	(7,239)	3,194
Ear-marked for charitable giving
	-	(5,772)	-	(5,772)
Calveley (designated)	9,933	(3,636)	(3,698)	2,599
Curate support (legacy)	6	(10,498)	(965)	(11,457)
700 Project	813	(3,313)	-	(2,500)
Youth club (designated)
	3,938	(3,041)	-	897
	232,627	(229,470)	43,479	46,636
Restricted funds
Churchyard	10,315	(9,636)	-	679
Choir	638	(220)	-	418
Challinor	5,490	(22,353)	(27,127)	(43,990)
Bells	39	(294)	-	(255)
Organ	436	(1,215)	-	(779)
Flowers
	183	(4,794)	-	(4,611)
Church steps	59	-	-	59
Youth worker
	25,787	(30,448)	(2,576)	(7,237)
Alive	825	(662)	-	163
Bunbury community	(125)	-	-	(125)
Clock repair	4,601	(5,310)	-	(709)
Youth Club	500	(371)	-	129
Ukraine	4,995	(4,995)	-	-
	53,743	(80,298)	(29,703)	(56,258)
Endowment funds
Endowment	-	-	931	931
TOTAL FUNDS	286,370	(309,768)	14,707	(8,691)

12. RELATED PARTY DISCLOSURES

Beth Hayward, wife of Revd Tim Hayward receives a salary of £15,032 (2021 £14,461) in her role as youth worker.

continued...

Page 20

The PCC of the Ecclesiastical Parish of Bunbury

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

13. PRIOR YEAR ADJUSTMENT

In 2021 it was recognised that the financial resources associated with the Youth Club's activities are not normally restricted, and that financial transactions should more appropriately be recorded within a designated fund, retaining a restricted fund only for those elements of income (such as any grants) and associated expenditure specifically directed towards supporting the work of the Youth Club. It was considered this should be applied to previous years too, so a prior year adjustment has been made to reflect a transfer from the old (restricted) to a new (designated) youth club fund.

Page 21

The PCC of the Ecclesiastical Parish of Bunbury

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

INCOME AND ENDOWMENTS Donations and legacies Gift aid and donations Income tax recovered Other planned giving Collections Grants Donations Other trading activities Fund-raising Advertising Lettings Investment income Dividends and interest Other investment income Interest from cash on deposit Charitable activities Parochial fees Bellringer and organist fees Other fees Recharges Other income Total incoming resources EXPENDITURE Raising donations and legacies Costs of generating voluntary Charitable activities Assistant staff costs Salaries, honoraria, and fees giving Diocesan parish share Incumbent working expenses Vicarage costs Church running costs Church maintenance Upkeep of services Upkeep of churchyard Magazine expenditure Carried forward	31.12.22 £ 40,350 10,087 1,351 11,677 6,658 19,412 89,535 31,150 5,926 1,820 38,896 7,391 - 654 8,045 11,453 6,205 3,712 1,015 18 22,403 158,879 9,727 21,609 5,594 7,342 57,136 961 4,992 17,444 5,672 6,331 5,054 6,693 138,828	31.12.21 £ 34,910 8,729 1,382 7,318 17,150 18,430
		87,919 4,594 5,481 1,640
		11,715 7,156 129 34
		7,319 11,849 5,040 2,635 984 30
		20,538
		127,491 183 19,888 4,460 5,967 55,055 880 4,853 14,186 4,858 758 1,990 6,288 119,183

This page does not form part of the statutory financial statements

Page 22

The PCC of the Ecclesiastical Parish of Bunbury

Detailed Statement of Financial Activities for the year ended 31 December 2022 Charitable activities Brought forward training Structural repairs Fixtures and fittings Other Other expenditure Total resources expended Net expenditure before gains and losses Realised recognised gains and losses. Realised gains/(losses) on fixed asset investments Net (expenditure)/income	31.12.22 £ 138,828 - 8,820 524 148,172 6,048 163,947 (5,068) (50,853) (55,921)	31.12.21 £ 119,183 660 17,770 525 138,138 7,500 145,821 (18,330) 65,560 47,230

This page does not form part of the statutory financial statements

Page 23