Registered Charity no. 1133696
# **The Parochial Church Council of St George with St Martin Poynton Known as St George's Church Poynton**
**Trustees Annual Report and Accounts Year Ended 31st December 2022**
## **St George's Church Poynton**
**Year Ended 31st December 2022**
## **Contents Page**
||**Page**|
|---|---|
|Legal and Administrative Information|**1**|
|Trustees' Annual Report|**4**|
|Independent Examiners Report|**7**|
|Statement of Financial Activities|**8**|
|Statement of Financial Position|**9**|
|Notes to the Financial Statements|**10**|
## **St George's Church Poynton**
## **Year Ended 31st December 2022**
## **Legal and Administrative Information**
## **Reference**
The Charity is called “The Parochial Church Council of St George with St Martin Poynton”. The Parochial Church Council is known as the PCC for short. Other names which are used for the charity are "St George's Church Poynton". The Church is registered with the Charity Commission for England and Wales and was registered on the 22 January 2010. Before this the church was excepted registration.
## **Registered Charity Number**
1133696
## **Registered Office**
Poynton Parish Church Fountain Close Poynton Stockport Cheshire SK12 1NH
## **Website**
poyntonparishchurch.org
1
## **St George's Church Poynton**
## **Year Ended 31st December 2022**
## **Legal and Administrative Information**
## **Parochial Church Council (PCC) Members and Trustees**
Members of the PCC are either ex officio or elected at the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules. From the last APCM the following served as members of the PCC.
|||**Date**|**Date**|
|---|---|---|---|
|**Member**||**Appointed**|**Resigned**|
|Rev Matthew Swires-Hennessy|_Chair_|||
|Rev Jennifer Ruth Prince||_15/05/2022_||
|Margaret Ruth Arthur||_15/05/2022_||
|Stephen John Brain||_15/05/2022_||
|Gillian Audrey Golding||_15/05/2022_||
|Rev Christine Judith Buckley||||
|Brain Clarke||||
|Eileen Shore||||
|Peter John Walker||||
|David Brackenbury|||_15/05/2022_|
|David Jack Capener|||_15/05/2022_|
|Susan Patricia Coleman||||
|Elisabeth Bowles||||
|Leslie Hutchinson||||
|David Myers||||
|Michael Bradley|||_31/12/2022_|
|Victoria Timothy||||
|Linda Bell||||
|Helen Kershaw||||
|Joyce Corlett||||
|Sheila Vogler|||_15/05/2022_|
|Valerie Vibrans||||
|Hannah Brackenbury||||
|Margaret Goode||||
|Ameer Aldabbagh||||
|David Mcclelland||||
|Valerie Gail Parry||||
|Vivienne Metcalfe||||
2
## **St George's Church Poynton**
**Year Ended 31st December 2022**
## **Legal and Administrative Information**
## **Primary Bankers**
## **Independent Examiner:**
NatWest 10 Great Underbank Cheshire Stockport SK1 1LL Nigel Wyatt BSC FCA Wyatt & Co Chartered Accountants 125 Main Street Garforth Leeds LS25 1AF
3
## **St George's Church Poynton**
## **Year Ended 31st December 2022**
## **Trustee's Annual Report**
## **Public Benefit Statement**
In setting our objectives and planning our activities our trustees have given consideration to the Charity Commission’s general guidance on public benefit and in particular the advancement of the Christian faith through the provision of worship and teaching services and the relief of sickness, financial hardship and promoting good health. This has been achieved by the provision of funds, and services.
## **Organisational structure; recruitment, appointment and induction of new trustees**
St George's Church Poynton (PCC) is a charity registered with the Charities Commission (registration number 1165174). The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure.
The method of appointment of PCC members is set out in the Church Representation Rules. The membership of the PCC consists of the incumbent (our vicar), churchwardens and members elected by those members of the congregation who are on the electoral roll of the church. All those who attend our services / members of the congregation are encouraged to register on the Electoral Roll and stand for election to the PCC.
The PCC members are responsible for making decisions on all matters of general concern and importance to the parish including deciding on how the funds of the PCC are to be spent.
## **Financial Review**
We are thankful for a very healthy improvement in income in 2022 (as compared to 2021 which was negatively affected by the COVID-19 pandemic). Second to donations, we rely heavily on income derived from the letting of our facilities which saw a significant increase of circa £23,000, being let at close to full capacity for much of the period.
Donations were also higher than the previous year, with the increase arising primarily from legacy giving and a small number of exceptional gifts.
However, our expenditure continues to exceed our income: 2022 has been another year where balance of income and expenditure is negative. Continuing a theme from previous years, the Trustees continue to invest in the quality of our facilities. A good example of this is the improvements made to our residential dwelling in Ivy Road (ordinarily used to house our Curate but currently being let privately): following the refurbishment, we were able to increase the annual rent by a figure approaching 40% of the cost of the works. Similarly, the housing provided to our Children & Youth Minister was likewise improved through the fitting of a modern kitchen and remedial works to the electrical installation. Meanwhile, upgrades to our Church Hall facilities, lighting in the graveyard and various repairs surveys and repairs to our Grade II listed church building took our total expenditure on property to circa £30,000.
After adjusting for depreciation charges of over £5,000, this £30,000 of property expenditure explains the deficit of £34,134 in the year, indicating that we broke even on day to day operating expenditure.
The Trustees consider the majority this property expenditure to be discretionary and we do not therefore have significant short-term concerns about the continued pattern of deficit spending; indeed, provisional plans to provide toilet and refreshment facilities in the main church building reflect further appetite from the Trustees for carefully considered upgrades which further enhance our charitable activities. Such expenditure will continue to be funded from our reserves, alongside any appeals that may be launched in conjunction with major works.
4
## **St George's Church Poynton**
## **Year Ended 31st December 2022**
## **Trustee's Annual Report**
Challenges faced during 2022 include the entrenchment of widespread inflation across all sectors of the economy and this has been evident in our everyday expenditure. We shall continue to refine our controls to ensure expenditure is well managed and suppliers are diligently selected. All the same, to have essentially broken even on operating expenditure in a year when energy bills rose by more than £7,000 above expectations (despite having budgeted for an increase of over 30%) is something of an achievement.
Meanwhile on the challenges front, global asset values have suffered across a wide range of asset classes and our own equity investment portfolio suffered a drop of approximately 14%. This is, of course, a disappointment but should be viewed in the perspective of significant gains recorded during the preceding few years. Thankfully our losses were mitigated by the PCC’s decision to move a portion of the assets into less volatile instruments, meaning that the portfolio as a whole did not drop to the same extent as the equity markets at large.
Our 2022 cash deficit was primarily funded by a transfer of £25,000 from our Vernon Building Society savings account. Our cash position remains healthy and we do not have any concerns about meeting our immediate operational needs.
The fund balances at the year end were as follows:
||**2022**|**2021**|
|---|---|---|
||**£**|**£**|
|Unrestricted Funds|1,134,204|1,168,388|
|Restricted Funds|687,333|786,830|
|Total|1,821,537|1,955,218|
## **Going Concern**
The Trustees are satisfied that the Charity is a going concern and do not know of any uncertainties regarding the organisations ability to continue operating as a going concern.
## **Reserves Policy**
The Church held £1,134,204 in unrestricted funds at the end of December 2022. This figures included the general unrestricted, asset specific and designated funds. It is the Council’s intention to hold unrestricted reserves of between 3 and 6 months of operating costs. Where unrestricted funds are held over this amount the PCC will review the financial position of the charity and evaluate where surplus funds are best spent and invested.
## **Objectives and Activities**
Promoting the whole mission of the church, regular public worship open to all. Pastoral work including visiting the sick and bereaved. Teaching the Christian faith through sermons, courses, and small groups for adults, young people and children. Taking of religious assemblies in local schools and provision of other youth and children’s activities. Supporting the community particular at times such as Remembrance Day and the life of the civil parish through the Civic Service. Supporting, prayerfully and financially, mission partners within the UK and overseas.
5
## **St George's Church Poynton**
## **Year Ended 31st December 2022**
## **Trustee's Annual Report**
## **Achievement and Performance**
The PCC of the ecclesiastical parish of St George with St Martin, Poynton, has the responsibility of co-operating with the Incumbent, in promoting within the ecclesiastical parish the whole mission of the Church - pastoral, evangelistic, social and ecumenical. It also has maintenance responsibilities for the St George’s and St Martin’s campuses and associated properties.
We have been delighted to return to full operational “normality” as COVID-19 continues to subside. We have been particularly pleased to have been able to resume so many valuable ministries: unrestricted worship in Church; care for the elderly through dementia support groups; teaching in small groups; the reinstatement of community events such as family fun days and bonfire night; social lunches for the retired; and toddler groups, among many others detailed in our full report.
Meanwhile, a positive side-effect of the COVID pandemic is that we have accrued – and continue to build – a wealth of online sermon content for the benefit of our Parish and the world at large. Sermons continue to be recorded weekly and uploaded onto YouTube, to be viewed free of charge to anyone with an internet connection.
We continue to conduct our significant ministry to the bereaved, with many funerals taking place throughout the year both at the Crematoria and Church. We were able to hold both ‘Time to Remember’ and ‘Quiet Carols’ services for those families affected by loss.
This year also saw Rev’d Jennie Prince join the team as Curate in May. Jennie was licensed by Bishop Sam (Bishop of Stockport) at St George’s, and in June was ordained Priest. As well as leading, preaching and the occasional offices (baptisms, weddings and funerals), Jennie has been instrumental in launching our new Pastoral Visiting Team (which you can read more about later in this report).
The parish has supported local and international charities in the year: particularly local charities working with education and homelessness and international charities involved in supporting churches and communities (particularly in Argentina).
## **Approved by the Trustees**
Peter Walker Name of Trustee: __________________________________ Signed on behalf of the Trustees: __________________________________ 01/06/2023 Date of approval: __________________________________
6
## **St George's Church Poynton**
## **Year Ended 31st December 2022**
## **Independent Examiners Report**
I report to the trustees on my examination of the financial statements of St George's Church Poynton ('the charity') for the year ended 31 December 2022.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or
2. the financial statements do not accord with those records; or
3. the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Nigel Wyatt BSC FCA Date: Independent Examiner 125 Main Street Garforth Leeds LS25 1AF
7
## **St George's Church Poynton**
## **Year Ended 31st December 2022**
## **Statement of Financial Activities**
|**Statement of Financial Activities**||||||
|---|---|---|---|---|---|
||||**2022**||2021|
|||Unrestricted|Restricted|**Total**|Total|
|||Funds|Funds|**Funds**|Funds|
||**Note**|£|£|**£**|£|
|**Income**||||||
|Donations and legacies||178,954|8,529|**187,483**|179,577|
|Charitable activities||33,146|-|**33,146**|28,583|
|Activities for generating income||39,788|-|**39,788**|16,635|
|Investment Income||1,282|10|**1,292**|182|
|Other||818|-|**818**|3,061|
|||──────────|──────────|──────────|──────────|
|**Total Income**|**2**|253,988|8,539|**262,527**|228,038|
|||──────────|──────────|──────────|──────────|
|**Expenditure**||||||
|Expenditure on charitable activities|**3**|288,122|4,239|**292,361**|249,755|
|||──────────|──────────|──────────|──────────|
|**Total Expenditure**||288,122|4,239|**292,361**|249,755|
|||──────────|──────────|──────────|──────────|
|||──────────|──────────|──────────|──────────|
|**Net income / (expenditure) before**
**gains/(loses)**||(34,134)|4,300|**(29,834)**|(21,717)|
|||──────────|──────────|──────────|──────────|
|Gain/(loss) on investment
Portfolio|**8**|-|(103,847)|**(103,847)**|57,566|
|||──────────|──────────|──────────|──────────|
|**Net income / (expenditure)**||(34,134)|(99,547)|**(133,681)**|35,849|
|||──────────|──────────|──────────|──────────|
|**Net income and net movement in funds**||||||
|Total funds brought forward|**12**|1,168,388|786,830|**1,955,218**|1,919,369|
|Transfers|**12**|(50)|50|**-**|-|
|||──────────|──────────|──────────|──────────|
|**Total funds carried forward**|**12**|1,134,204|687,333|**1,821,537**|1,955,218|
|||──────────|──────────|──────────|──────────|
All income and expenditure derive from continuing activities.
8
## **St George's Church Poynton**
## **Year Ended 31st December 2022**
## **Statement of Financial Position**
|||**2022**|2021|
|---|---|---|---|
||**Note**|**£**|£|
|**Fixed assets**||||
|Investments|**8**|656,227|760,074|
|Tangible Fixed Assets|**9**|1,030,548|1,032,754|
|||──────────|──────────|
|||1,686,775|1,792,828|
|**Current assets**||||
|Debtors|**10**|17,793|18,198|
|Cash at bank and in hand||122,960|145,631|
|||──────────|──────────|
|||140,753|163,829|
|**Creditors: amounts falling due within one year**|**11**|5,991|1,440|
|||──────────|──────────|
|**Net current assets**||134,762|162,389|
|||──────────|──────────|
|**Total assets less current liabilities**||1,821,537|1,955,219|
|||──────────|──────────|
|**Net assets**|**13**|**1,821,537**|**1,955,219**|
|||──────────|──────────|
|**Funds of the charity**||||
|Restricted funds|**12**|687,333|786,830|
|Unrestricted funds|**12**|||
|Unrestricted General||14|3,118|
|Designated Funds||113,690|144,770|
|Property Reserve||1,020,500|1,020,500|
|||──────────|──────────|
|||1,134,204|1,168,388|
|||──────────|──────────|
|**Total charity funds**||**1,821,537**|**1,955,218**|
|||──────────|──────────|
## **Directors Responsibilities**
These financial statements were approved by the board of trustees and authorised for issue :
**Name of Trustee:** Peter Walker ─────────────────────────────────────────────────── **Signed on behalf of the Trustees:** ─────────────────────────────────────────────────── **Date of approval:** 01/06/2023 ───────────────────────────────────────────────────
9
## **St George's Church Poynton**
## **Year Ended 31st December 2022**
## **Notes to the Financial Statements**
## **Basis of Preparation**
The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities Financial Reporting Standards applicable in the UK and Republic of Ireland (Charities SORP 2019 FRS 102) and the Charities Act 2011.
## **Assessment of Going Concern**
Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.
## **Fund Accounting**
Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the trustees, at their discretion, have set aside resources for a specific purpose.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or the term of specific appeal, often know as a ‘special offering’ in the church.
Further explanation of the nature and purpose of each fund is included in the notes to the accounts.
## **Incoming Resources**
All incoming resources are recognised once the charity has entitlement to the resources, it is probable that the resources will be received, and the monetary value of incoming resources can be measured with sufficient reliability.
• All voluntary income from members of the church are recognised as donations and are included in full, with associated Gift Aid receivable in the Statement of Financial Activities.
• Grants where entitlement is not conditional on the delivery of specific performance by the charity are recognised when the charity becomes unconditionally entitled to the grant.
• Income resources from charitable trading activities such as the letting of the building are accounted for when invoices are drawn up (as the point of entitlement).
• Donated services and facilities are included at the value to the charity where this can be quantified.
• Gifts in Kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised.
• Volunteer time, the value of voluntary support for the work of the church is not included in the accounts but is described in the Trustees Annual Report.
- Investment Income is included in the accounts when receivable.
10
## **St George's Church Poynton**
## **Year Ended 31st December 2022**
## **Notes to the Financial Statements**
## **Resources expended**
Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.
## **Governance Costs**
Include costs of the preparation and examination of statutory accounts, the costs of the trustees' meetings and cost of any legal advice to trustees on governance or constitutional matters.
## **Liability Recognition**
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
## **Tangible fixed assets**
All assets costing more than £500 are capitalised and at historic cost. Fixed assets are stated at cost less accumulated depreciation. Depreciation is charged on furniture and equipment which is written off on a straight-line basis over time estimated useful life of the asset.
Equipment 4 years straight line Fixtures and Fittings 4 years straight line
## **Pensions**
The charity operates a defined contribution pension scheme. Contributions are charged to the Statement of Financial Activities as they become payable in accordance with the rules of the scheme.
## **Operating Leases**
Rental charges payable under operating leases are charged on a straight line basis over the terms of the lease.
## **Taxation**
The charity is exempt from tax on its charitable activities.
11
## **St George's Church Poynton**
## **Year Ended 31st December 2022**
## **Notes to the Financial Statements**
## **2 Analysis of Income**
|**Analysis of Income**||||
|---|---|---|---|
||Unrestricted|Restricted|
**Total Funds**|
||Funds|Funds|**2022**|
||£|£|**£**|
|**Donations and legacies**||||
|Donations|145,688|7,270|**152,958**|
|Gift Aid|27,366|1,259|**28,625**|
|Donated Goods and Services|-|-|**-**|
|Legacies|5,000|-|**5,000**|
|Grants|900|-|**900**|
||──────────|──────────|
──────────|
||178,954|8,529|**187,483**|
|**Charitable activities**||||
|Funeral Fees|9,493|-|**9,493**|
|Graveyard Fees|5,023|-|**5,023**|
|Wedding Fees|3,335|-|**3,335**|
|Other Activities|10,461|-|**10,461**|
|Parish Weekend Away|4,834|-|**4,834**|
||──────────|──────────|
──────────|
||33,146|-|**33,146**|
|**Activities for generating income**||||
|Lettings and Room Hire|39,788|-|**39,788**|
|Church Publication Sales|-|-|**-**|
||──────────|──────────|
──────────|
||39,788|-|**39,788**|
|**Investment Income**||||
|Interest|1,282|10|**1,292**|
||──────────|──────────|
──────────|
||1,282|10|**1,292**|
|**Other**||||
|Sales and Commission|818|-|**818**|
|Refreshments and other ad hoc income|-|-|**-**|
|Insurance Claim|-|-|**-**|
||──────────|──────────|
──────────|
||818|-|**818**|
||──────────|──────────|──────────|
|**Total Income**|**253,988**|**8,539**|**262,527**|
||──────────|──────────|
──────────|
12
## **St George's Church Poynton**
## **Year Ended 31st December 2022**
## **Notes to the Financial Statements**
## **2 Analysis of Income** _**(Continued)**_
|**Analysis of Income****_(Continued)_**||||
|---|---|---|---|
||Unrestricted|Restricted|
**Total Funds**|
||Funds|Funds|**2021**|
||£|£|**£**|
|**Donations and legacies**||||
|Donations|146,295|5,315|**151,610**|
|Gift Aid|26,491|726|**27,217**|
|Donated Goods and Services|-|-|**-**|
|Legacies|750|-|**750**|
|Grants|-|-|**-**|
||──────────|──────────|
──────────|
||173,536|6,041|**179,577**|
|**Charitable activities**||||
|Funeral Fees|12,863|-|**12,863**|
|Graveyard Fees|11,598|-|**11,598**|
|Wedding Fees|3,259|-|**3,259**|
|Other Activities|823|40|**863**|
|Parish Weekend Away|-|-|**-**|
||──────────|──────────|
──────────|
||28,543|40|**28,583**|
|**Activities for generating income**||||
|Lettings and Room Hire|16,426|-|**16,426**|
|Church Publication Sales|209|-|**209**|
||──────────|──────────|
──────────|
||16,635|-|**16,635**|
|**Investment Income**||||
|Interest|182|-|**182**|
||──────────|──────────|
──────────|
||182|-|**182**|
|**Other**||||
|Sales and Commission|515|-|**515**|
|Refreshments and other ad hoc income|122|30|**152**|
|Insurance Claim|2,394|-|**2,394**|
||──────────|──────────|
──────────|
||3,031|30|**3,061**|
||──────────|──────────|
──────────|
|**Total Income**|**221,927**|**6,111**|**228,038**|
||──────────|──────────|
──────────|
13
## **St George's Church Poynton**
## **Year Ended 31st December 2022**
## **Notes to the Financial Statements**
## **3 Expenditure on charitable activities by fund type**
|**Expenditure on charitable activities by fund type**||||
|---|---|---|---|
||Unrestricted|Restricted|
**Total Funds**|
||Funds|Funds|**2022**|
||£|£|**£**|
|Building Renovation Works and Equipment|-|-|**-**|
|Church Gifts and Giving|19,401|-|**19,401**|
|Depreciation|5,142|-|**5,142**|
|Diocesan Fees|6,827|-|**6,827**|
|Fees and Subscriptions|1,941|-|**1,941**|
|Ministry Expenditure|17,004|4,239|**21,243**|
|Office and Support Costs|18,638|-|**18,638**|
|Parish Share|76,302|-|**76,302**|
|Property Utilities, Running Costs and Repairs|74,999|-|**74,999**|
|Staff and other Expenses|9,890|-|**9,890**|
|Staff Salaries|57,978|-|**57,978**|
||──────────|──────────|
──────────|
||288,122|4,239|**292,361**|
||──────────|──────────|
──────────|
||Unrestricted|Restricted|
**Total Funds**|
||Funds|Funds|**2021**|
||£|£|**£**|
|Building Renovation Works and Equipment|-|-|**-**|
|Church Gifts and Giving|-|2,830|**2,830**|
|Depreciation|4,408|-|**4,408**|
|Diocesan Fees|8,971|-|**8,971**|
|Fees and Subscriptions|2,168|-|**2,168**|
|Ministry Expenditure|33,737|2,600|**36,337**|
|Office and Support Costs|17,678|-|**17,678**|
|Parish Share|74,620|-|**74,620**|
|Property Utilities, Running Costs and Repairs|45,241|-|**45,241**|
|Staff and other Expenses|2,137|-|**2,137**|
|Staff Salaries|55,364|-|**55,364**|
||──────────|──────────|
──────────|
||244,325|5,430|**249,755**|
||──────────|──────────|
──────────|
## **Parish Share**
St George's Church Poynton is a parish church of the Church of England in the Diocese of Chester. By means of Parish Share the Diocese helps the funding of ministers, particularly parochial clergy, the work of various Diocesan bodies and work of the Church of England as a whole. The Diocese is a community resourcing a common task, and not a charity trying to raise funds to meet a need. In 2022, the amount paid by the PCC under the parish share was £76,302 (2021: £74,620).
14
## **St George's Church Poynton**
## **Year Ended 31st December 2022**
## **Notes to the Financial Statements**
## **4 Volunteers**
The church benefits greatly from the voluntary contributions of time and money by its formal members and regular attendees. Please refer to the trustee's report for further detail about volunteer contributions in the organisation.
## **5 Independent examination fees**
Fees payable to the independent examiner for:
|**Independent examination fees**
Fees payable to the independent examiner for:|||
|---|---|---|
||**2022**|2021|
||**£**|£|
|Independent examination and preparation of the financial
statements|1,534|1,440|
## **6 Staff costs**
The total staff costs and employee benefits for the reporting period are analysed as follows:
||**2022**|2021|
|---|---|---|
||**£**|£|
|Wages and salaries|55,932|53,261|
|Social security costs|-|-|
|Employer contributions to pension plans|2,046|2,103|
||──────────|──────────|
||57,978|55,364|
||──────────|──────────|
The average head count of employees during the year was as follows:
||**2022**|2021|
|---|---|---|
|Average Head Count|5|4|
Number of employees that received employees benefits of more than £60,000 during the year was as follows:
||**2022**|2021|
|---|---|---|
|More than £60,000|0|0|
## **Key Management Personnel**
The charity considers its key management personnel to be the Vicar, Curate and Associate Minister. The Common Fund of the Chester Diocese meets the stipend and other employment costs of the Vicar, Curate and Associate Minister.
15
## **St George's Church Poynton**
## **Year Ended 31st December 2022**
## **Notes to the Financial Statements**
## **7 Trustee remuneration, expenses and donations**
During the year 13 (2021:13) trustees incurred out of pocked expenses totalling £5,363 (2021: £3,288) which were all incurred for the day to day running of the charity's activities. The types of expenditure include travel costs, ministry costs, IT equipment, building expenses and other charitable activity expenditure.
During the year the total aggregated donations made to the charity by the trustees during the year was £39,192 (2021: £29,258).
During the year two trustees were employed by the Church outside of their roles as trustees/PCC members. During the year the following trustee members received the following remuneration:
||**2022**|**2021**|
|---|---|---|
||**£**|**£**|
|B Clarke|14,366|14,267|
|J Hadfield|-|17,518|
|H Brackenbury|8,994|8,232|
## **8 Investments held as fixed assets**
## **Investment Portfolio**
The restricted funds investment portfolio is held with Brewin Dolphin. The fund is held for ecclesiastical purposes within the parish.
||**2022**|**2021**|
|---|---|---|
||**£**|£|
|Investment portfolio valuation|656,227|760,074|
||──────────|──────────|
||656,227|760,074|
||──────────|──────────|
||**2022**|**2021**|
||**£**|£|
|Market value brought forward|760,074|702,509|
|Sales|-|-|
|Unrealised gain / (loss)|(103,847)|57,566|
||──────────|──────────|
|Market value carried forward|656,227|760,074|
||──────────|──────────|
16
## **St George's Church Poynton**
## **Year Ended 31st December 2022**
## **Notes to the Financial Statements**
## **9 Tangible Fixed Assets**
|**Tangible Fixed Assets**||||
|---|---|---|---|
||Freehold|Equipment &||
||Land and|Fixtures and||
||Buildings|Fittings|**Total**|
||£|£|**£**|
|Cost as at 1st January 2022|1,020,500|17,633|**1,038,133**|
|Additions|-|2,936|**2,936**|
||──────────|
──────────|──────────|
|Cost as at 31st December 2022|**1,020,500**|**20,569**|**1,041,069**|
||──────────|
──────────|──────────|
|Depreciation as at 1st January 2022|-|5,379|**5,379**|
|Depreciation Charge|-|5,142|**5,142**|
||──────────|
──────────|──────────|
|Depreciation as at 31st December 2022|-|10,521|**10,521**|
||──────────|
──────────|──────────|
||──────────|
──────────|──────────|
|Net Book Value as at 31st December 2022|**1,020,500**|**10,048**|**1,030,548**|
||──────────|
──────────|──────────|
|Net Book Value as at 31st December 2021|1,020,500|12,254|1,032,754|
The land and buildings held by the church compromise of: St George's Church Hall
St Martin's Church, Church Hall and Field
18 Ivy Road 92 Barnaby Road
These buildings and land are held at original cost.
## **10 Debtors**
|**Debtors**|||
|---|---|---|
||**2022**|**2021**|
||**£**|£|
|Trade Debtors|3,237|3,425|
|Accrued Income|14,556|13,674|
|Prepayments|-|1,100|
||──────────|──────────|
||17,793|18,198|
||──────────|──────────|
|**Creditors: amounts falling due within one year**|||
||**2022**|**2021**|
||**£**|£|
|Accruals|1,534|1,440|
|Trade Creditors|2,139|-|
|Deferred Income|2,318|-|
||──────────|──────────|
||5,991|1,440|
||──────────|──────────|
## **11 Creditors: amounts falling due within one year**
17
## **St George's Church Poynton**
## **Year Ended 31st December 2022**
## **Notes to the Financial Statements**
## **12 Analysis of Charitable Funds**
## **Unrestricted Funds**
|**Unrestricted Funds**|||||||
|---|---|---|---|---|---|---|
||1 Jan 2022|Income|Expenditure|Gains/Loses|Transfers|**31 Dec 2022**|
||£|£|£|£|£|**£**|
|**Unrestricted**|||||||
|General|3,118|238,277|(272,092)|-|30,711|**14**|
|Property Reserve|1,020,500|-|-|-|-|**1,020,500**|
|**Designated**|||||||
|Thanksgiving Fund|134,721|-|-|-|(30,761)|**103,960**|
|Projects and Events
(Ministry)|-|10,461|(8,515)|-|-|**1,946**|
|Living Well|1,944|416|(105)|-|-|**2,255**|
|St Martin's All Purpose|5,096|-|-|-|-|**5,096**|
|Parish Weekend|3,009|4,834|(7,410)|-|-|**433**|
||──────────|──────────|
──────────|
──────────|──────────|
──────────|
|**Total Unrestricted**|**1,168,388**|**253,988**|**(288,122)**|**-**|**(50)**|**1,134,204**|
||──────────|──────────|
──────────|
──────────|──────────|
──────────|
|**Restricted Funds**|||||||
|Argentina Fund|1,926|-|-|-|-|**1,926**|
|Book of Homilies|605|-|-|-|-|**605**|
|Church Florists|79|-|(129)|-|50|**-**|
|Church Hall Fund|8,812|1,101|-|-|-|**9,913**|
|Development Fund|6,055|2,403|(1,260)|-|-|**7,198**|
|Friends of St George's|9,239|4,985|(2,850)|-|-|**11,374**|
|Gifts|-|50|-|-|-|**50**|
|Special Reserve|760,074|-|-|(103,846)|-|**656,228**|
|Men's Events|40|-|-|-|-|**40**|
||──────────|──────────|
──────────|
──────────|──────────|
──────────|
|**Total**|**786,830**|**8,539**|**(4,239)**|**(103,846)**|**50**|**687,333**|
||──────────|──────────|
──────────|
──────────|──────────|
──────────|
||──────────|──────────|
──────────|
──────────|──────────|
──────────|
|**Total Funds**|**1,955,218**|**262,527**|**(292,361)**|**(103,846)**|**-**|**1,821,537**|
||──────────|──────────|
──────────|
──────────|──────────|
──────────|
18
## **St George's Church Poynton**
## **Year Ended 31st December 2022**
## **Notes to the Financial Statements**
||1 Jan 2021|Income|Expenditure|Gains/Loses|Transfers|**31 Dec 2021**|
|---|---|---|---|---|---|---|
||£|£|£|£|£|**£**|
|**Unrestricted**|||||||
|General|16,400|221,208|(241,256)|-|6,765|**3,118**|
|Property Reserve|1,020,500|-|-|-|-|**1,020,500**|
|**Designated**|||||||
|Thanksgiving Fund|146,337|-|-|-|(11,616)|**134,721**|
|Projects and Events
(Ministry)|-|718|(3,069)|-|2,351|**-**|
|Living Well|1,944|-|-|-|-|**1,944**|
|St Martin's All Purpose|5,096|-|-|-|-|**5,096**|
|Parish Weekend|3,009|-|-|-|-|**3,009**|
||──────────|──────────|
──────────|
──────────|──────────|
──────────|
|**Total Unrestricted**|**1,193,286**|**221,926**|**(244,325)**|**-**|**(2,500)**|**1,168,388**|
||──────────|──────────|
──────────|
──────────|──────────|
──────────|
|**Restricted Funds**|||||||
|Argentina Fund|1,926|-|-|-|-|**1,926**|
|Book of Homilies|605|-|-|-|-|**605**|
|Church Florists|49|30|-|-|-|**79**|
|Church Hall Fund|7,852|960|-|-|-|**8,812**|
|Development Fund|5,074|2,241|(1,260)|-|-|**6,055**|
|Friends of St George's|8,069|2,510|(1,340)|-|-|**9,239**|
|Gifts|-|330|(2,830)|-|2,500|**-**|
|Special Reserve|702,509|-|-|57,566|-|**760,074**|
|Men's Events|-|40|-|-|-|**40**|
||──────────|──────────|
──────────|
──────────|──────────|
──────────|
|**Total**|**726,083**|**6,111**|**(5,430)**|**57,566**|**2,500**|**786,830**|
||──────────|──────────|
──────────|
──────────|──────────|
──────────|
||──────────|──────────|
──────────|
──────────|──────────|
──────────|
|**Total Funds**|**1,919,369**|**228,038**|**(249,755)**|**57,566**|**-**|**1,955,218**|
||──────────|──────────|
──────────|
──────────|──────────|
──────────|
19
## **St George's Church Poynton**
## **Year Ended 31st December 2022**
## **Notes to the Financial Statements**
## **Fund Descriptions**
## **Property Reserve**
A fund to hold organisations Land and Buildings.
## **Designated Funds**
Thanksgiving Fund
Projects and Events (Ministry) Living Well St Martin's All Purpose Parish Weekend
A fund set aside for reserves to be used by the PCC as and when required.
Funds held for the churches projects and events Dementia Support Group To be used for the benefit of St Martin's Church at the direction of the PCC
To be used for special purposes for the Parish Weekend as directed by the PCC
## **Restricted Funds**
Argentina Fund Book of Homilies Church Florists Church Hall Fund Development Fund
Friends of St George's
Special Reserve
To support team visits to and from Argentina and the churches For the preservation and display of the Book of Homilies For the provision of flowers in St George's Church For the renewal or upgrading of St George's Church Hall facilities An ongoing appeal for improvements/alterations to PCC properties and installations
Funds to be used at the direction of the PCC for improvements to church properties and related fixtures
For ecclesiastical purposes within the parish
20
## **St George's Church Poynton**
## **Year Ended 31st December 2022**
## **Notes to the Financial Statements**
## **13 Analysis of net assets between funds**
||Unrestricted|Restricted|
**Total Funds**|
|---|---|---|---|
||Funds|Funds|**2022**|
||£|£|**£**|
|Fixed Assets|1,030,548|656,227|**1,686,775**|
|Current Assets|109,648|31,105|**140,753**|
|Creditors less than 1 year|(5,991)|-|**(5,991)**|
||──────────|──────────|
──────────|
||1,134,205|687,332|**1,821,537**|
||──────────|──────────|
──────────|
||Unrestricted|Restricted|
Total Funds|
||Funds|Funds|2021|
||£|£|£|
|Fixed Assets|1,032,754|760,074|1,792,829|
|Current Assets|137,073|26,756|163,829|
|Creditors less than 1 year|(1,440)|-|(1,440)|
||──────────|──────────|
──────────|
||1,168,388|786,830|1,955,218|
||──────────|──────────|
──────────|
## **14 Consecrated land and buildings and other church property**
The PCC has the use of the church property which is excluded from the accounts by virtue of s.10(2) of the Charities Act 2011. Movable church furnishings held by the Vicar and Churchwardens on special trust for the PCC and which require a faculty for disposal are capitalised where appropriate and allocated to the appropriate fixed asset category. The church halls and certain clergy accommodation are held in trust by the Chester Diocesan Fund on behalf of the PCC. These properties are essential for the mission of the church and have been in use for many years. Accordingly, they have not been capitalised as there is insufficient cost information and their depreciated cost is unlikely to be material. All expenditure on consecrated or benefice buildings is written off in the year of expenditure.
## **15 Related party transactions**
During the year a donation of £1,250 (2021: £11,000) was made to the charity Just Ice Poynton, to further the work the charity was doing within the area to help people whom have been rescued from slavery. This is a related party transaction due to Rev Christine Buckley serving as a trustee on both St George's Church Poynton and Just Ice Poynton.
During the year the church incurred £1,846 of expenditure with Bradtek Solutions. Mike Bradley was a trustee of the church until December 2022 and a director of the Bradtek Solutions company. The services of Bradtek where utilised for lighting and alarm replacements.
21