TRUSTEES. ANNUAL REPORT For the period 1 January 2022 to 31 December 2022 SECTION A REFERENCE AND ADMINISTRATION DETAILS Charity Name= The Parochial Church Council of the Ecclesiastical Parish of St Peter and St Paul, Moulton, Northants Registered Charity Number: 1133729 Principle Address.. Church Hill Moulton Northants NN3 7SW Name of the charity trustees who manage the ¢harity.' Trustee Name Offlce Dates Acted {where not whole year) Nick Alexander Nic Edwards Eric Anakwa Chris Battye Philip Blackman Pete Collins Lynda Featley Mike Fink Malcolm Forsyth Wendy Forsyth Anne Jeffrey Neal Kennedy Mark Maryan Mike Monk Kathy Morrison Steve Morrow Simon Phillips Rich Raymenl Joan Stephenson Peter Storey David Taylor Martyn Thompson Rachel Wild Martin Wild Vicarl Chair Curate Warden Wardenl Lay-vice Chair 15.05.2022-31.12.2022 Secretary Warden 01.01.2022-15.05.2022 01.01.2022-15.05.2022 Treasurer 01.01.2022-15.05.2022 15.05.2022-31.12.2022 Pete Collins, an existing employee, took on a role as a truslee during 2021, the PCC are following Ihe Conflict of Inteiesl policy and produced a documenl to detail the procedures Ihat are in place to manage any conflict ol interest and to protect the PCC'S interests. This document was presented at Ihe meeting held on Thursday 5 May 2022 and was adopted by Ihe PCC at the meeting. SECTION B STRUCTURE, GOVERNANCE AND MANAGEMENT Type of governing document "The PCC P0￿r$ Mèasur8 and the Church Represenlalion Rules" How the charity is constituted Church ol England Assembly IPowers} Act 1919 Parochial Church Council (Powers) Measure 1921 TTUStee Selection Methods Elected by members ol the electoral roll at an annual meeting SECTION C OBJECTIVES AND ACTIVITIES Summary of the objects of the charity Administration and fInan￿S of the parish church of Sl Peter and St Paul, Moulton, Northants Summary of Ihe main activities undertaken for the public benefit To monitor and make due provision for the above. providing church seNices and associated offices {e.g.: weddings, funerals, baplisms) in accordance with the governing legislation. Ensuring the provision ol olhèr sèrvic8s and facilities as are deerned important, desirable and nec8ssary for the parish, namely linter alial support and facilities for children of all ages support and facilities for families support and facilities lor 3rd Age Ministry youth meetings in the village and schools women's meetings and support men's rn￿tings and support community outreach including provision of a wellbeing café, lunch club parent and toddler groups and activities for children and families SECTION D ACHIEVEMENTS AND PERFORMANCE Summary ol Ihe main achievements Th6 Parish church of St Pètei and St Paul ¢ontinu8S to flourish, being financially stable and continuing to be an integral part ot the village, providing supwrt and fellowship across all ages. The Inductiorb Service for our new vicar Nick Alexander was held on 6 February 2022. Sunday seNices are attended by approximately 150 persons. Approximately 250 people attend once a monlh or more. An outdoor carol service attracted over 500 people in Dec 2022. SECTION E FINANCIAL REVIEW Reserves Policy The charity has historically had a £28,QOO reserve tund to cover emergency shortfall in salaries and expenditure, this being around Iwo months of costs on average. With Ihe rise in fuel prices we were conscious we might need to borrow against our reserves. However we are pleased that we were ablo lo make necessary adjusttnents to the running of the church and church centre and this was not needed. DECLARATION THE TRUSTEES DECLARE THAT THEY HAVE APPROVED THE TRUSTEES, REPORT ABOVE. COMPLETED ON BEHALF OF THE TRUSTEES BY LYNDA FEATLEY SECREfARY DATE: 3° April 2023 CHARITY (eMMISSION FOR ENGLANO AND WALES 1133729 Annual accounts for the To PerKwJ startda 0110112022 en date 31112120T2 Section A Statement of financial activities Slestrlded Unrestrl¢led In¢on)e lunds lunds Re¢ommende Investments {Note 17.41 Cash at bank and in hand (Note 24) Total current assets BID 7,606 8,704 16.310 14.180 102,705 16.885 Creditors: amounts falling due within one year (Note 201 B11 296 24.603 33,422 Nei cuffentassets/(liabililies) 312 83.463 Total assets less eurrent liabilities 013 342.624 Creditors: amounts falling due afler one year (Note 20) Provlsions lor Ilabililies 14 B15 Total net assets or Ilabllltles Funds of the Charity Endowment funds (Note 271 Re5trlcted Income funds (Note 271 Unfestrfcted lunds Reyaluatlon roservo 816 310.436 44,628 355.064 342,624 B17 B18 44.628 44,628 270,436 40.000 43,542 274 082 25,000 342,624 819 270,436 40,000 B20 Total funds 821 Signed by one or ￿ trust89s on t*halt of all the Irtjstees Date ol approval ddlm Signaluie Piint Name CC17a IExeèll 1110512023 BB4yDI pr¢pirfio FAS 112.. 1J¢h¥w&fA¢eg purposes. Restrictèd lunds can only be used for partr¢ular reslrKlod purFWeS Within the objects of the chartty. F1è5tricltons arise whpn speclfigd by Ihe donoi 01 when lunrts are iaised lor particular resiricled puvJoses. Further explanailon ol the nature and purpose of gach fund is fftduded in the notes to the financial slaternents. Ptsns￿n eosis and other post-relirement ben&tits: The charity opeTates a delined contribution penslon schem8. Conl¥lbu¥ons payable to Ihe chafity pen8ion schemè arg ¢harged lo the Statement of Fina]Kial Activilies in the peix>d kn which they relato. Section C Notes lo the accounts Iconll Nole 3 A￿lySIS ot Income lund Anal sls ifts Oon•tlon$ leg8eSets: Donations and Gift Aid a¢l&s General granis provhled bygovemmenVorh8r chari prtembtrship subs¢ripiions and sponsorships in wbstanGe donalions Donated oods laGili1￿$ services Other 138.118 29,207 2.000 140,118 29.207 125,462 27,143 Tot 167,325 2,ODD 169.325 152.605 Charitable ¢tlvitie$= MAST 54,090 54,090 78.610 PGST olher 37,954 37,954 37.954 92,044 Tolal 54.D90 104,895 Olhertrathng Fundraising 262 315 14ire of Ghui¢h Certtrè 414 414 Other Tot81 414 414 577 come from Investmenls: Interest income Dividond income Rantsl and leasin other 608 28 itwmè Tolal 808 rate Ale￿81 Item ol IncDllIe: Total Conversion of endo￿nant funds into income Gain on disposal of a tangible Irxed 355et h81d lor ehari 's own USÈ Gain on disposal ol a programme related inveslffien Floyaiiie$ Ir4)m Ihe exploitation of iDleH8Ctual rtt hls Other Tptal TOTAL INCO 262 391 258105 Olher InlormBIIDn.' Income liom IthAST 2TrJ PGST lor slam salarie5 and Costs IGharim￿e &¢lr411ifrs).wh￿ £91,922 in 2021 IMAST.- £78.6fO aTKS PGST£13,3131 and ¢2601 in*reswd t￿rn￿a on YesiiKied lurth in s￿n￿$ atttrunts Iwivesiment I Ineomeln Ihe yearwas unrestrf¢I￿ Èxoept fw.. Ipl8a80 provlde d¥s¢rtPllo* and amounts) lher2￿y2hdo￿me￿ll1md ￿￿n¥￿rted INO lthcomè*n thè Ing perfod. ple•se glyeihe reasonlorihe ¢ott¥èrsloTr. Where any endowmenllund Is con￿lIed Inio In¢omv th IhB Fvloy ￿0d] ploas8 gi¥t Ihe Yeason fortheconveT510n. Wllhl• thtrlncom• 4¢msabo*the ttsllD*lng tt£msar¥ N)*lerf&l: Ipknse dlxlDsethe nabjro, Rfflount ano •ny y¢•rampuntsl CG178 IExedl t1105r202S Section C Ntsies to the accounts contl Note 6 Analysls ol expendrlure Thls year Last year Unresbided A•si¥letsd Endor￿thI Incomefth I￿nd* Unr•9trl¢i•tt IntOW lurtd* Analysls Ex ndltum tsn ralsln funds: Incurred seèking dona￿nS Incurred seeknng legacies Incurred seeking 9ranls Operating mernberslip schemes and scria lotteyies TorolfwKi8 l￿d$ Tol¥funds Staging fL4ndraising events Fudraisit)o agents Operating charity slws Opgrating a tra(¥ng company urHlert8kin9 noTr-charita￿e Irading athivii Advertising, marf(ellnL5. dirEct fflail and Siart up cosis i￿ur1ed in generatin9 sottrce ol ful*Jr& income Database devekpment cost$ Other trading activities Investment marwg8ment co$t$'. Portfolio mafta emenl cosls Cost ol obiwning invesitnent Inve$lmeni administration costs Intellectual property IicerKlno ¢osts Rent ¢ollection, propety repairs and mainienance charges Total ?xpend6ture on ralsfjng funds Expenditure on charitsble a¢tlvltlÈs- Parish Share Salaries Chur¢h rJnnmg &xpenses 88.213 24,427 75,876 88,213 68.205 86,188 55,469 23,209 44,909 101,Q15 65,684 48,810 43,778 10,312 Total oxpendrture on charllable 188,516 242.606 123.587 91,9 215.509 rate materlal Itern ol Mission ,OOD 15.000 15,256 Totsl 15,000 15,DOD 15,256 15.2S6 Otlw eciailon 5,8Yd 1,521 5.703 12,196 17,899 Total other exp8ndituYe TOTAL EXPENDtruRE 5.823 209 339 1,521 55,611 7,344 4,950 5.703 144,546 12,196 17.899 ¢C17a IEx¢&ll 1210512023 Section C Notes to the ?¢counls Notg 8 Funds recelved as agent 8.1 Pleasè complete thls note illhp dHrlty has agyeed to admlnlster the fvnds ofjnolher enlltyas Ils agent. Note.. Ila charfty Is acling as an agenl, 11 shouldnot recognise the Incom& In tbo Stalement of Flnancial Aciivitfftes or ihe Balance SI￿1. Amount rgcelved Amount Id out Balance held at rlod end Deserlptionlnamè ot party Ralated parly (Yes orNo This ear This 0or Last Thls oaT Lasi èar Grace Chur¢h Duslon No 33,560 41,075 7,529 Totsl 33,560 33.546 26.031 41.075 7.529 8.2 Where a consortia orslmllar arrangement exlsts wher¢by 2 ormore charltles ￿l￿operate to achleve eC¢%￿MieS in the purchase ofgoodsorserwices, please dlscoso dot#il$ olanybalances outstanthng between anypgrtlclpating membvs. D•$¢rfwlonlname of party Balan￿ held at rlod ond This ar Lasl ear Tolal CC17a IExcef) 1110512023 Other Inlormatlon.. Andysls ol &xpendltuYe on eharEiable actl¥lti Thls Grant fundlng ol Last Gtsnl lurKllng of Il¥llles Acliwty or prowamrne Lmd¢rt4ken dlyee Svpport ¢0513 Tolal th15 Aciivttles ndertakÈn dlrertl Support Costs Total la Min￿1 Parish Share, Salants mi￿10￿ IChur¢h GIDU and Acbvthes ESta￿lshMen1, Governance 147614 65,883 21,879 235,356 17,099 10.297 2,198 164,713 149,933 48.606 21,249 219.788 26.119 10,601 2.157 28.877 166,052 59,207 23.406 248.685 7ofal 24,077 264,950 CC17a IExcdJ 1210512023 SectlDn C Noles to the a¢oounts Note 9 Support Costs Pleo$& complete this nole il the charlty ho$ 8n8lys•d Its expenses uslng 3¢tlvlty cotegorles anol has support co$t& This yèar Support cost exam Ral4ng funds M5n15t Mlsslon Eslabllshrn8r¢t Grand totsl Basls of allocallon IOes¢rlbg methodl Gov£man 1,344 Administration 559 559 Church Off￿e rLmning costs Church Administrator Sala and Pension 3,264 3,264 17,099 5,130 2.198 24,427 Ba$e¢ on dutiss & time alb¢alion Other 17.D99 10,297 2,198 29.594 Totsi Last year uppo Rai¥in funds Mlnlst Mlssion Establishmenl Gfand total Bèsb of allocatlon DesciSb8 melhodl Governance 1,200 1200 Administratson 2,230 2.230 Church Office runni¥ Costs Church Administrator Salar and Pènsion 2.238 16,119 4,933 2.157 23,209 Ba$9d on dulles & timg allocat5on Othei 16,119 10,601 2.157 28,877 Total Ple05epmvide delalls of the accounlingpoll¢y adopted forthe apportiorjment ofcosts between acfivitles and any ostlmation technlques used to calculate theirapportionment. The church administrator Costs havo been apportioned be￿een church aclivilies based on duliesltime spefil, estimated as a proportion of the lotal expenditure in each area ol Ministry, Mission and Establishment. CC17a (E￿1) Section C Notes lo the 3ccounls Note 10 Detalls ol certaln Items of expendlture 10.1 Fees forèxamln•tion ol the a¢counts Please provlde details ol the amountpald for any statutory extemal scrutiny of 8¢¢ount$ and other swvlces provlded byyourlndependwt eXAminer. Mnothing Wgs P8ldplease enter fl'in th¢ approprl8te box(es). Thls yèar Last year Independent examiner's fees 1,200 Assurancè ser¥l¢es other than audit or independenl examlnallon Tax advlsory fees Other fees (for èxamplo: Ilnancial advleè. consultsncy? o¢countancy services) paid tts the Indep￿dent examlnor CC17a IExcdl 0610W2023 Seclion C Noles to the accounts {contl Note 11 Paid employees Please complete Ihls note if the charlty has any employee& 11.1 stall Costs This year Lasl year Salaries and wages So¢Fal security Costs Penslon costs (delined contributlon scheme) Olher employee beneflts 22,658 21,514 1,769 1,694 Total stsff costs Thls year. Please provlde details of expenditure on staff worklng for the charlty whose conlTa¢ls arè with and 8re pald by a relaled party There were slaff costs 012 other enyloyees whose costs are reimbursed and paid for by the separate MAST charity. MAST Salary costs: £40,585 and Pension Conlrtrbulions.. £3,193. La￿ year: Please provide delails ol expenditure on staff working lor the charfty whose contracts are with and are paid by a related party There were staff costs of 2 other employees whose costs are reimbursed and paid lor by the separate MAST charity. MAST Salary costs.. £39,354 and Pension Contributions: £3,122. Please glve details ol the number ol èmployees whose total enyloyee beneflts fexcludlng employerpenslon costs) lell wlthln each band of £10,000 from £60,0110 upward& If there are no such transactlon4 please enter 'true' In the box provided. No employees received employee benelits {excluding employer pension costs) for Ihe reporting period of more than £60,000 TAUE Band Number ol em Thls year ees Last year £60 000 10 £69 999 £70,1)1)O to £79,999 £80.000 to £89,999 £90,000 to £99,999 £1 IXI.000 to £109 999 This ear Last ar Please provlde the tolal amount paid to key management personnel {includes Irustees and senior managemenl) for their services to the charity. For specific amounts paid to trustees, see Note 28. CC17a IEx¢ell 0610412023 11.2 Average head count in the year The parts of the charity in which the employees work This year Number Last year Number Total 11.3 Ex-gratia payments to employees and olhers {excluding trustees) Please complete if an ex-gratla payment is made. Please explain Ihe nature ot the payment Thls year Lasl year Pleaso stale thfr legal authority or reason tor rnaking the payment Thls year Last year This Last Please state Ihe amount of the payment {or value of any waiver of a right to an asset) CC17a (Excell 0610412023 11A Redundancy payments Please complete If any redundancy or temiinafion payment is made in fhe period. Thls Last Total amount of paymenl The nature ot the payment (cash, assel etc.) This Last ear The extont of redundancy fundlng at the balance sheet date Please ￿ale the accountlng policy for any redundancy or termination payments CC17a (Excell 0610412023 Seclion C Notes lo the accounts lcont) Note12 Dellned ¢¢ntributlon penslon scheme or deflned beneflt scheme accounted lor as a defined Contrlbutlon scheme. 121 Pl•ase complota thls note if a deflned conlrlbutlon penslon schemé is operated. This ear Last Amount of contrfbutlons r•¢ognlsed In the 50FA as an expense. {'In¢ludes MAST stsffl 4,962 4,816 Pletse explain the bas1$ lor alloeatlng Ihe liablllty and gxpense of deflned contrlbullon pension scheme betwèen actlvltle$ and between restrkted and unrestrleted luftd& The Chureh administrator pension costs have bÈen opportioned belween church aclniiles based on thjtiesliime spent. estimal8iJ as a proportion ol the lola¢ trxpenditufe. and are unrestricted funds. MAST e[n￿oyee pension costs are restrtcted arid have been allocated lo Ministry costs. The Church adminlslralor pension costs have been apportioned belween church activites based on dulle￿tIrn8 spenl, estimate￿ as a proportion of the total expenditure, and are Unrestr￿ted lunds. MAST employee pension costs are restrictèd and have bw) allocated lo hAinislry costs. 12.2 Please complete this section wh￿e tho ¢h8rilyparticipates in 8 dellned benefit penslon plan but 1$ unable to a$¢ertaln Its share olthe underlylng assets and Ilabllltle& Please conflrm that allhough the $¢heme 1$ ¥¢counted lor as a deflned contrlbutSon plan, It Is a defined benefit plan. P1th￿ provide sueh InfoTmatlon as is avollable aboul the plan's SUTplus or deficlt and the implications, If ony. lor the reportlng charity lor ihis year and last ye•r, it dIffe￿￿t Not appltcable Not applicable 12.3 Please conyplele thls se¢tlon where Ihe charltypartldpates In a multlwemployer deflned bef￿lItPenSIon plan thal ffs accounfed loras a deflned contrlbutlon plan. Descrlbe Ihe exlent to whlch ihe ¢harlty ean bé liablè to the pl•n for other èntitles. obligations und&rthe tenns and corEdltlons vf the multivemployer plan. 11 thls Is dlflerent for Itst year. pravklo dètalls Provide an expl•nation of how any Ilablllty arlslng from an •grèement wlth a multl-employer plan to fund & deficit ha$ been detemilned. If this is dlfferent tor last year* provlde details FN details please reler lo Ihe'chureh Wort¢ers Pension Fund" page in the APCM 2022 Fina￿la1 Rewrt. Not applicable CC17a IExcell 06J0412023 Section C Nc¢tes Its the accounts Iconll Note 14 Tanglble tixed assols Please complete thls nots ifih& ehariry has any tanglble fixed a&4et$ 14.1 Cost or valualjon Fveehold tand & bulldlngs Othèr14rKE & bJlldlng$ PlanL r￿a¢hInery bnd motorvehl¢le$ xture5. flttlngs and equlpn)8nt Totsl At th8 beginrllThJ of ihe yeav Additions 89.497 5.970 339.497 5,970 15,000 Rwaluations 15.OOD Disp05als Transfers" At end ol the year 265.000 95.467 360.467 14.2 Depre¢latlon and ImpalmMnt8 'Basl$ Market value SL Ratè Not aWi¢able as the marketvalue i8 at least equal lo the value ifi the 5 years Al beginning of the y Disposals 80,336 80,336 Depreciath( Inpwrtnent Transter¥' At e￿￿ of thp year 87,680 87.680 14.3 Not book val Net book value at t￿ beginning ot year 250,000 9,161 259,161 Net book walue al the end of the y8ar 265.000 7,787 272.787 CC17a IExc*D 06104fd023 14.4 Impalrrnenl This year.. Please provides descnplion of tho evenl$ and clreum$lan¢e$ th&t led to r8eognllion orr•¥6YtsI ofan Impairmenl lo￿. Lèst year: PIg05&PFo¥ido o descriptlon ol the evenl$ clicvmslances that led to the reeognltlon orrevers8lof8n imp*mentlo 14.5 Aevaluatlon If accounting pDllcyof revaluotlon Is adopted, ple8strprovth.. tho effecllved•te olthe mvultsatton Thls 2410312023 Lasl 1810212022 The mad(et value of the propgrty, obl&ned from advice uiven by IIKal estate agents Jackson Grundy. Please note a full prolessional valuation has not bpen oblained In respect ol the CUFreni accounting peiiod. The n)arkei value of the propotty. obiained from advice given by local eslale agents Jackson Grundy. Please nDle a full prolessional valuatlon has not 8n obtained In sp￿1 of the currenl ac¢ounVng Ih name ollnd8pendent valuer. Mappllcable the mglhods #pplled*ndBlgnAllcanl assumpllons Ihe carrylng an￿￿nI that wouldhave ljeen Rv¢oqnlsedh￿ Il%*asseÈs be8n £135,500 (purchase July 20031 £135,500 Iwrchase price in July 20031 14.fj Olher digclosurè This La$1 (l) Pleasesl•le the amount ofbormwfng eosts, MAny, cwtaltsed In Ihe constru¢tioft of tanglble fixed8&sel$ andlhe ¢apltall$6tlon rate used. (11) Pleaseprovide theamount of eontréctua1commlb￿9￿t$ forihp•cqwsillon ol langiblo Ilxed (lil) Dglailsof Ihoexffslence andcarrylng amounrs olproperty. pl8JJl 8nd equipmèntio whffeh thè charily wsÈrlcle(Itille orthatarepledged¥s 8e¢urlty lor Il¥bilitle rhe Yransler5"rowis forjnoveffryents b8twe8n fixedasset categorl&s. ' Please indrale th8 melhud0ld&preuai￿n by d81eting Ih8 m8lhodnol applicable {SL z Strawm lin&,- RB- r8cI(King Oalancpl. Atsopleas8 icat8 Ihe rale of depreciation.. lorstraightline, wl)at the anlicipatedlile ollhÈ asser finyearsl,. for rpducmy b818nce, whatis Iheperceniage CC17a (Excell 06m4rd023 Seclion C Notes to the accounts cont Note 19 Debtors and prepaymenls Plpase complete this nolo il the charfty has any debtors orprepayments. 19.1 Analysis ot debtors This year Last year Trade debtors Prepayments and accrued Ifbcomg Other debtors 16.311.2 16,311.2 14 179.9 14.179.9 Total Please complete 19.2 where a material debtor is recoverable more than a yearatter the reporting date. 19.2 Analysls of debtors r¢¢ovorablfr In more than 1 year Ilncluded In debtors above) Thls year Lasl vear Trade debtors Prppayments and accyued income Olhei debtors Totsl CC17a IEx¢o11 0610412023 Section C Notes to the accounts ¢onti Note 20 Creditors and accruals Please complete this note if the charity has any credllors oraG¢ruals. 20.1 Analysls of credltors Amounts tslling due wllhln one ear Thls yeai Last year Amounts falllng due after more than one ear Thls year Last year Accruals lor grant$ Poyable Bank loans and overdrafts Trade credltors Payments received on account for ¢onlracts or pertorrnante•related grants Accruals and deferred Income Taxatlon and social security other cieditors 24,603 33.422 Total 20.2 Deferred Income Please compleff this note if Ihe charlty IM$ deferred Income. This ear £50 wedding lee r¢¢eived lor a wedding taking place in April 2023, and £1145 received lor the Youth weekend away happèning in March 2023. Last Please explain the reasons why income Is deferred Movement In deferned income account Thls vear Last year Balance at the start ￿ the reportlng period Amounts addpd in current perlod Amounts released lo in¢omo from prevlous periods Balance at the end of the reportlng perfod 1,195 1,195 CC17a IEx¢ell 1110512023 SÈciion C Notes lo thp gccouTrIs Note 24 ¢ash at bank and in h￿d This Year La8tye8r Sh(*t iemi wh Invest￿nts￿les￿than3 Mont￿ matyritythfel Stsort Iprm deposlls Cash ai bank arbd on hand Otljer Tolal 90.570 CC17d IExeeTr 11 111111 1111111111 111111111 111111111 111111111111 111111 llllEIIIIIIIIIII Section C Notes to the accounls cont Note 27 Charity lunds (cont) 27.3 Transfer5 between funds This Reason for transter and where endowment Is converted to Income, ower for lis ¢onversion Amount Between unrestricted and rèstricted funds Not applicable Between erKIowFnerrt and restricted funds Belween endowmenl and unrestrioted funds Not applicable Not applicable Last Reason for transfer ahd where endowment is converted to Income, legal power for its conversion Amount Between unrestricted and reslricled funds Between endowment and restricted IUTKJS Not applicable Not applicable Between endowfflent and unrestricted lunds Not applicable 27.4 Designated funds This ear Planned use 05e of Ihe desi natlon Amount Last ar Planned use Pur ose of the desi nation Amoun GC17a (Excel) 0610412023 Sect*on C Notes lo Ilie account5 (conti Nole 28 Tran$8¢11on$ wlth Iru$tee$ and ￿lated partles IRllte ¢horltyh•$8ny tr*n$8dions Lvlth relatedpartie5 (olherlh?n Ihe lrysteepKpeRSes￿pI8In9dl￿￿uF&JnC* notes) detalls D¢such Iransacllons$h¢wldbeprovlde(I In Ihl$not8. Iltlw• tr&nsa¢iion$ h report. please enter"Trtt8"1 Ihpbox or'P4ts•"Iltlw•4ie trans8CtIons 10 WOfL 28.1 TT￿$￿ ￿M￿nerat￿on and bongfit$ Th1$ year ofthe Iwuyteps have been paid any remunoralloD o¥ r8¢olv&d anyo11￿ bor*ltl8 from ah employmentwllh Ikelr rharityor a related entlty ITrup or Falsel FALSE In Ih8Jwlodthe ¢h8rltyhaspald truslees renxiner8tl0nandlRne￿￿ Pleaseglve Ifvoornountof, 8nd leg818ulhorltylor. anyrernunerallon orolher4WItsp81d to 8 tntstseby thg GI￿1tyOr￿￿ylllsI1IUll0￿ orcompanyconnected withlt. ArnouEts pard or benelllv8lue L8yI authO￿ty leg Rwnyn￿￿jTh TOTAL me ofirtist*¢ IIIIIU*s_:. o¥deTT qovemkng documBnl) [In¢lUd 1095 of pe￿ Coljlhts PCC resolullun 1.769 24,427 Weas0$71Ye delalls ofwhyremutwraiknn or￿hr employmemtbonellls wer¢palrf. Whoman exgrntl•p*ymÈnth•s been m8dw to • th￿108, provldeanexpl*n8tlon olthenalumof Ihe p8ymem. La81 year None ol Ihtshw&tÈes b¢*n paid any lemy￿ratIon or Tecelved any other b8nollt8fr0rn an employmentwllh Iholi cha¥lty or • rèloted or FJl%l FALSE lheperft￿tht trh•rlty poldlru$leesremvner4110ft8ndbenellts. Ple8se9lv8lhe •nrounlol, andlwlatsfhorty lar. onyremunprnllon or other benellts paklto* Iiusiee bythe¢harltyoranyinslllvtlon orcompanyconneclerfwlth Amounts pald or beneth valu& Le981 authorlty leg ordèv. governin9 Aemun¢Y*i Pen¥lon lkndwxlancy (Includlng IDs501 Dffi¢ellox Other TOTAL Nam8 ottVU8ieè Pot• Collkns PCC Fegolullon 14,435 1,lJS 15.570 Where8h exor*fh paymenthasbeen made loa In￿tEe. proyidpanqxpla￿l1On ollhe nature of ihepaymenL 28.2 Truste￿, expenses CGl7aiEx￿l 1WU412023 Mlh¢ tthkriiylTrtsp•ld tnjglees exponses for￿All11￿n￿ Ihelrdutie$. detAlls ofsueh traitrsacllon$$houldbeprovld8dln ih noro. If Ihfrre ?re no t￿•88￿10￿$ to reparl. please enlpr'frue" lh¢ box below. ttihem 8ro Iraiisacirtins iorèport,ple•se entèr'F&ls•': No trustse e¥pense¥ have been Incurred (frw *X FzlsÈ1 TRUE TY￿ olexponses 18lmlJursed Thls year iw¥t yfyar Travel Sub$lsi8n¢e A¢¢ommodollon Other (please spe¢ityl'. TOTAL 4.486 Pl8890 provlde Ihe numk)er 01lWStw reknbyrs¢d lgrupertyses or who had expenses pal¢J bythe charlty 282 Trans)¢tlon{$l with le￿Ied part￿S Ple88epfve dei811$ 018ny iransacihn undertoken by(w on*eh81fof) the chwKilyln whlch a Felatrdp8rty h8s8meterf•l interest. Including wljere lunds have be8n heldas éyÈrf fOfrfLledpJrtles. lff Iher8•rn no suth iran&rycWons, please enler Yiuo'ln iheboxprovlded. Thls ￿ar Therè ha¥e bè8n M ￿ltsted party transac￿￿￿ In tho reporung p*lod (TTU¢ or Folse) FALSE AmDunt$ wltten ott durtng reportlng N4m¢ ollhetrustee or relaled party Rel4llonshlp ¢hJrity Des¢riwlon of the Iransacllonls) Amount Balance 41 pe¥lod ehd Pro7Aslon f¢T bad debts 8tP0rlod end PCC &lÈmbers TTU¥te¢s Aggregatè donallo xecelved whhoul 21252 In relation lo I1￿ trans8Cllons 8bov•, pl•¥￿P￿0V1￿ts fhp fernts¥ndcondition4 InGludlnganyse¢urlty8ndlhe n8lur8 olanypJymenl (conslderntlonj k>bvprovidedln seiiiemenL Not ap￿¢￿& For4nytsl8iedpartyJ pleas¢provlde del8118 olany guaron(ws g1¥￿ Orr￿e￿Wa&. Not appllcable CC17a IEx¢éll Isf04I20¥d La8tyear There havo no rola1￿1 party In lh¢ rwporflng perlo41 (Tw8 or Falsel FALSE out Wrllton off d4JTln portlfig N8m8 ol Ihg truslee or rel¥ted party FfelatlDnshlp to charfly DBgGrlptlon olthe tran$8Ctio#l$l Amouffl Balancè at perlod erKI PrDvlslon for bad dtrbts ai Pe￿0d end PCC Trustees Aggreg$te donallons YeoeÈved wfthoul 29.849 In re181ion to Ilre Ir¥ns•¢llons•bove, Pl￿0￿rOvId0 Ihp lerm5 andcondltions Includlngor¥yse¢uTlty•nd Ihe of 8nypaynRnl (conslderaifon) io btrprovldodl For8ny+vlatedp8ty. th5eproth ¢letslls olanv gv8r&iJte8s orrecelved. Not ApFl￿a￿fy CC17a IEx¢dJ Financial Staternents of the Parochial Church Councll St Peter and St Paul, Moulton for the year ended 31 December 2022 Charity law llow requi￿$ that the church PFovKle5 all the detail about its financial aflairs that havè apPea￿d o th"splay outside tho church for Ihe past lortntght. Regular income of the church continued to exceed £250,000 during 2022, therefo￿ thè accounts ar8 wopared on an accruals basis. Further copies ol thÉ reports Ihat hav been on display are avaalabb for those who require them and are on display this evening. The aim of this handovt is to provide a slmplllicatlon ol the cwrenl financial position in a format that is more f3miliar to people. There are also a lew queslEDns and answers to some Irequenlw asked qU&Slions. Fln#nclal Hlghllghts Ql - Could you briefty explaln the 2022 financial Trsults? A - Thè ltstal income for the church in 2022 was £262,390 linduding MAST w*omel, with lolal expenditure ol £264,950 {including MAST expendibJr&l. Q2- How Much did Income exceed ExpÈndtturg by In 2022? A- The total delieil 01 £2,560 consisted ol non-cash depreciation chargè of £7.344 with a cash surplus of £4,784 On UfKlertying church activitigs. DEPRECIATION: T4C Assets, the Church Oigan, Sound system, conwuter. Church Hall Staidift, new boiler lor the Church Centre and the new Pfojector screen are being deprèeiatèd by 2001¢ per year lor 5 years, whioh has resulted in th8 chafge of £7.244 in 2022. INC¢)14qE. Over￿1 income (excluding MAST ineom81 was up by £28,805 in 2022 vs 2021, due to more income being re￿iVed from donations and activities than expected. EXPENDITURE- £40,806 htghÈr in 2022 than 2021 (excluding MAST expendilurel. This was due lo a nurnber ol Ungxpeclgd ilerns ol buiklings maintenancè expenditure inllationary pressvres beirvJ laced by the Economy at large. such as hlghèr En8rgy prices and increases in Nl coniribuiions. The increase ol activitles atlfibutable lo new inTrtiatives le.g. Tolsl and posi pandemic fecovery has also been a factor. Q3. Doo$ MAST make a blg differenee to thè linanclal plclurè? A - MAST provides signilicanl funding to enable the church ID emptoy additional workers and pays many of the Costs a550ciated with that. However, it onty pays the costs incurrgd so the net impact on the fina￿la1 position of the church itself is minimal. Q4- What are the maln areas ot Éxper￿1ture? A- Tha main ongoing cost lor the church remans thè Parish ShaTe that we pay to Ihe Dio¢ese. At £88,213 this accounts for 42Vo ol the church's unrèstricted &xpenditure. After that ale Salaries tor church staff and Ihe general running ol the clwrchlchurch ￿￿tre. 05. How much does the church glve to othgr group4 Ouislde of the immed5ate Ille of th& ¢hurch? A- Around 10 10 ol ￿gt￿ar giving wènt lo other groups, in line with the policy vl the PCC. Q6- How much money does the church have avallable In thè bank? A- Thè ¢hur¢h ha5 c.£90,570 in diffe￿nI bank aC￿unIS. which sounds extremely healthy. Howgver, a signifieant amount ol this Money is rèstricted in how it can be used, lor exarnple lor Restoration works lo th• chuich building. Q7- How are thlngs looking lor 2023 arrfl futther ahoad? A -A budget lor 2023 has been set thai shows a small surplus. Thefe is a need to keep increasing income to meet Current inflal'onary pressures being laced by the Economy at large, such as hiokner Energy price5 and increases in Nl conlribuiion$. Church Workers Pension Fund ICWPFI FRS102- December 2022 Year End St Peter & St Paul, Moulton participate5 in the Pension Builder Scheme section of CWPF for lay staff. CWPF Is administered by the Church of England Pensions Board. which holds the CWPF assets separately from those of the Employer and other participating employers. CWPF ha5 two sections.. l. the Defined Benefits Scheme 2. the Pension Builder Scheme, which h8S two subsections: a deferred annuity section known as Pension Builder Classic, and, a cash balance section krbown as Pension Builder 2014. Pension Butlder Scheme Both sections of the Pension Builder Scheme are classed 35 defined benefit schemes. Pension Builder Classlc provides a pension, accumulated from contributions paid and converted into a deferred annuity during employment based on terms set and reviEwed by the Church of England Pensions Board from time to time. Discretionary Increases may also be added, depending on investment returns and other factors. Pension 8ullder2014 is a cash balance scheme that provides a lump sum which members use to provide benefits at retirement. Pensiorh contributions are recorded in an account for each member. Discretionary bonuses may be added before retirement. depending on investment returns and other factors. The account, plus any bonuses declared is payable. unreduced, from age 65. There is no sub4ivision of assets between employers in each section of the Pension Builder Scheme. The scheme is considered to be 3 multi-employer stheme as described in Settion 28 of FRS 102. This is because it is not possible to attribute the Pension Builder Scheme's assets and liabilities to specific employers and rne8nS that contributions are accounted for a5 if the Scheme were a defined contribution scheme. The pensions costs charged to the SOFA in the year are the contributions payable12022- £4,962, 2021: £4.816). A valuation of the Pension Buildei Scheme 15 carried out once every three year5. The most recent valuation was carried out a5 at 31 December 2019. The next valuation is due a5 at 31 December 2022. For the Pension Builder Classic section, the valuation revealed a deficit of £4.8m on the ongoing assumptions used. At the most recent annual review, the Board chose to grant a discretionary bonus of 10.1% following improvements in the funding position over 2022. There is no requirement for deficit payments at the current time. For the Pension Builder 2014 section, the valuation revealed a surplus of £5.5m on the ongoing assumptions vsed. There is no requirement for deficit payments at the current time. The legal structure of the scheme is suth that if another employer fails, St PeteT & St Paul, Moufton could become responsible for paying a share of the failed employerfs pension lièbilitie5. Independent examination letter ol representatlon Dear Sirs The following representations are made on the basis of enquiries of management and slaff with relevant knowledge and experience such as we constder necessary in ¢onne¢tion wrth your independent examination of The Parochial Church Council of the Ecclesiastical Parish of St Peter & Sl Paul, Moulton financial statements for the year ended 31 December 2022_ These enquiries have included inspection of supporting documentation where appropriate. All representations are made to the best of our knowledge and belief. Genera 1. We acknowledge thal the work perfofrned by you is substantially less in scope than an audit performed in accordan¢e with International Standards on Auditing {UK) and that you do not exp￿$5 an audit opinion. 2. We confim that the tharity was entitled to exemption under section 144 of Ihe Chaiilies Act 2011 the requirement to have its finat)¢ial statsments for the financial year ended 31 December 2022 audited. 3. We have fulfilled our responsibilities as trustees as set out in the terms of yOLtr engagement letter dated 11 February 2021, under the Chafilies Act 2011 for Preparing financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), for being satisfied Ihat they give a true and tair view and for making accurale representations to you. 4. All the transactions undertaken by the chanty have been property reflecled and recorded in the accountsng records. 5. All the accounting records have been made available to you for the purpose of your independent examination. We have provided you with unreslri¢ted access to all appropriate persons withln the charity, and with all other records and related infomation requested, including minutes of all management and trustee meetings and correspondence with The Charity Commission. 6. The financial statements are free of material misstatements, including omission5. 7. The effects of uncorrected misstatements are immaterial both individually an(1 in total. Assets and liabilitie5 8. The charity has satisfactory tille to all assets and there are no liens or encumbrances on the charity's assets, except for those that are disclosed in the notes to the financial statsmenls. 9. All actual liabilitie5, contingent liabilities and guarantees given to third parties have been recorded or disclosed as appropriate. 10. We have no plans or intentions that may materially alter the carrying value and. where relevant, the fair value measurements or classification of assets and liabilities reflected in the financial statements. Accountlng estimates 11. The methods, data and significant assumptions used by us in making accounting estimates, and their related disc105ures. are appropriate to achieve recognition. measurement and disclosure that is reasonable in the context of the applicable financial reporting framework. Legal elaims 12. We have disclosed to you all claims in connection with litigation that have been, or are expected to be, re￿iVed and such matters, as appropTiate, have been properly accounted ft)r and disclosed in the financial statements. Laws and Ye9ulations 13. We have disclosed to you all known instances of non-compliance or suspected fton-compliance with laws and regulations whose effects should be considered when preparing the financial statements. Related partle5 14. Related paty relationships and transactions have been appropriately accounted for and disclosed in the financial slatements. We have disclosed to you all relevant information concemiftg such relationships and transactions and are not aware of any other matters which require disclosuie in order to comply with legislative and accounting strdndards requirements. Subsequent events 15. All events subsequent to the dale of the financial statements which require adjustment or disclosu￿ have ￿en property accounted for and disclosed. Going concern 18. We believe that the charity's financial statements should be prepared on a going concem basis on the grounds that current and future sources of fundin9 or support will be more than adequate for the ¢harity's needs. We have considered a period of ￿e1ve months from the date of approval of the financial statements. We believe that no further disclosures relating to the charity's ability to continue as a going concern need lo be made in the financial ststements. Grants and donatlons 17. All grants, donations and other income, the receipt of which is subject lo speCrf￿ terms or conditions. have been notifieL* to you. There have been no breaches of terms or conditions in the application of such income. Yours faithfully Signed on behalf of the board of trustee5 TRUSTEES. ANNUAL REPORT For the period 1 January 2022 to 31 December 2022 SECTION A REFERENCE AND ADMINISTRATION DETAILS Charity Name= The Parochial Church Council of the Ecclesiastical Parish of St Peter and St Paul, Moulton, Northants Registered Charity Number: 1133729 Principle Address.. Church Hill Moulton Northants NN3 7SW Name of the charity trustees who manage the ¢harity.' Trustee Name Offlce Dates Acted {where not whole year) Nick Alexander Nic Edwards Eric Anakwa Chris Battye Philip Blackman Pete Collins Lynda Featley Mike Fink Malcolm Forsyth Wendy Forsyth Anne Jeffrey Neal Kennedy Mark Maryan Mike Monk Kathy Morrison Steve Morrow Simon Phillips Rich Raymenl Joan Stephenson Peter Storey David Taylor Martyn Thompson Rachel Wild Martin Wild Vicarl Chair Curate Warden Wardenl Lay-vice Chair 15.05.2022-31.12.2022 Secretary Warden 01.01.2022-15.05.2022 01.01.2022-15.05.2022 Treasurer 01.01.2022-15.05.2022 15.05.2022-31.12.2022 Pete Collins, an existing employee, took on a role as a truslee during 2021, the PCC are following Ihe Conflict of Inteiesl policy and produced a documenl to detail the procedures Ihat are in place to manage any conflict ol interest and to protect the PCC'S interests. This document was presented at Ihe meeting held on Thursday 5 May 2022 and was adopted by Ihe PCC at the meeting. SECTION B STRUCTURE, GOVERNANCE AND MANAGEMENT Type of governing document "The PCC P0￿r$ Mèasur8 and the Church Represenlalion Rules" How the charity is constituted Church ol England Assembly IPowers} Act 1919 Parochial Church Council (Powers) Measure 1921 TTUStee Selection Methods Elected by members ol the electoral roll at an annual meeting SECTION C OBJECTIVES AND ACTIVITIES Summary of the objects of the charity Administration and fInan￿S of the parish church of Sl Peter and St Paul, Moulton, Northants Summary of Ihe main activities undertaken for the public benefit To monitor and make due provision for the above. providing church seNices and associated offices {e.g.: weddings, funerals, baplisms) in accordance with the governing legislation. Ensuring the provision ol olhèr sèrvic8s and facilities as are deerned important, desirable and nec8ssary for the parish, namely linter alial support and facilities for children of all ages support and facilities for families support and facilities lor 3rd Age Ministry youth meetings in the village and schools women's meetings and support men's rn￿tings and support community outreach including provision of a wellbeing café, lunch club parent and toddler groups and activities for children and families SECTION D ACHIEVEMENTS AND PERFORMANCE Summary ol Ihe main achievements Th6 Parish church of St Pètei and St Paul ¢ontinu8S to flourish, being financially stable and continuing to be an integral part ot the village, providing supwrt and fellowship across all ages. The Inductiorb Service for our new vicar Nick Alexander was held on 6 February 2022. Sunday seNices are attended by approximately 150 persons. Approximately 250 people attend once a monlh or more. An outdoor carol service attracted over 500 people in Dec 2022. SECTION E FINANCIAL REVIEW Reserves Policy The charity has historically had a £28,QOO reserve tund to cover emergency shortfall in salaries and expenditure, this being around Iwo months of costs on average. With Ihe rise in fuel prices we were conscious we might need to borrow against our reserves. However we are pleased that we were ablo lo make necessary adjusttnents to the running of the church and church centre and this was not needed. DECLARATION THE TRUSTEES DECLARE THAT THEY HAVE APPROVED THE TRUSTEES, REPORT ABOVE. COMPLETED ON BEHALF OF THE TRUSTEES BY LYNDA FEATLEY SECREfARY DATE: 3° April 2023 CHARITY (eMMISSION FOR ENGLANO AND WALES 1133729 Annual accounts for the To PerKwJ startda 0110112022 en date 31112120T2 Section A Statement of financial activities Slestrlded Unrestrl¢led In¢on)e lunds lunds Re¢ommende Investments {Note 17.41 Cash at bank and in hand (Note 24) Total current assets BID 7,606 8,704 16.310 14.180 102,705 16.885 Creditors: amounts falling due within one year (Note 201 B11 296 24.603 33,422 Nei cuffentassets/(liabililies) 312 83.463 Total assets less eurrent liabilities 013 342.624 Creditors: amounts falling due afler one year (Note 20) Provlsions lor Ilabililies 14 B15 Total net assets or Ilabllltles Funds of the Charity Endowment funds (Note 271 Re5trlcted Income funds (Note 271 Unfestrfcted lunds Reyaluatlon roservo 816 310.436 44,628 355.064 342,624 B17 B18 44.628 44,628 270,436 40.000 43,542 274 082 25,000 342,624 819 270,436 40,000 B20 Total funds 821 Signed by one or ￿ trust89s on t*halt of all the Irtjstees Date ol approval ddlm Signaluie Piint Name CC17a IExeèll 1110512023 BB4yDI pr¢pirfio FAS 112.. 1J¢h¥w&fA¢eg purposes. Restrictèd lunds can only be used for partr¢ular reslrKlod purFWeS Within the objects of the chartty. F1è5tricltons arise whpn speclfigd by Ihe donoi 01 when lunrts are iaised lor particular resiricled puvJoses. Further explanailon ol the nature and purpose of gach fund is fftduded in the notes to the financial slaternents. Ptsns￿n eosis and other post-relirement ben&tits: The charity opeTates a delined contribution penslon schem8. Conl¥lbu¥ons payable to Ihe chafity pen8ion schemè arg ¢harged lo the Statement of Fina]Kial Activilies in the peix>d kn which they relato. Section C Notes lo the accounts Iconll Nole 3 A￿lySIS ot Income lund Anal sls ifts Oon•tlon$ leg8eSets: Donations and Gift Aid a¢l&s General granis provhled bygovemmenVorh8r chari prtembtrship subs¢ripiions and sponsorships in wbstanGe donalions Donated oods laGili1￿$ services Other 138.118 29,207 2.000 140,118 29.207 125,462 27,143 Tot 167,325 2,ODD 169.325 152.605 Charitable ¢tlvitie$= MAST 54,090 54,090 78.610 PGST olher 37,954 37,954 37.954 92,044 Tolal 54.D90 104,895 Olhertrathng Fundraising 262 315 14ire of Ghui¢h Certtrè 414 414 Other Tot81 414 414 577 come from Investmenls: Interest income Dividond income Rantsl and leasin other 608 28 itwmè Tolal 808 rate Ale￿81 Item ol IncDllIe: Total Conversion of endo￿nant funds into income Gain on disposal of a tangible Irxed 355et h81d lor ehari 's own USÈ Gain on disposal ol a programme related inveslffien Floyaiiie$ Ir4)m Ihe exploitation of iDleH8Ctual rtt hls Other Tptal TOTAL INCO 262 391 258105 Olher InlormBIIDn.' Income liom IthAST 2TrJ PGST lor slam salarie5 and Costs IGharim￿e &¢lr411ifrs).wh￿ £91,922 in 2021 IMAST.- £78.6fO aTKS PGST£13,3131 and ¢2601 in*reswd t￿rn￿a on YesiiKied lurth in s￿n￿$ atttrunts Iwivesiment I Ineomeln Ihe yearwas unrestrf¢I￿ Èxoept fw.. Ipl8a80 provlde d¥s¢rtPllo* and amounts) lher2￿y2hdo￿me￿ll1md ￿￿n¥￿rted INO lthcomè*n thè Ing perfod. ple•se glyeihe reasonlorihe ¢ott¥èrsloTr. Where any endowmenllund Is con￿lIed Inio In¢omv th IhB Fvloy ￿0d] ploas8 gi¥t Ihe Yeason fortheconveT510n. Wllhl• thtrlncom• 4¢msabo*the ttsllD*lng tt£msar¥ N)*lerf&l: Ipknse dlxlDsethe nabjro, Rfflount ano •ny y¢•rampuntsl CG178 IExedl t1105r202S Section C Ntsies to the accounts contl Note 6 Analysls ol expendrlure Thls year Last year Unresbided A•si¥letsd Endor￿thI Incomefth I￿nd* Unr•9trl¢i•tt IntOW lurtd* Analysls Ex ndltum tsn ralsln funds: Incurred seèking dona￿nS Incurred seeknng legacies Incurred seeking 9ranls Operating mernberslip schemes and scria lotteyies TorolfwKi8 l￿d$ Tol¥funds Staging fL4ndraising events Fudraisit)o agents Operating charity slws Opgrating a tra(¥ng company urHlert8kin9 noTr-charita￿e Irading athivii Advertising, marf(ellnL5. dirEct fflail and Siart up cosis i￿ur1ed in generatin9 sottrce ol ful*Jr& income Database devekpment cost$ Other trading activities Investment marwg8ment co$t$'. Portfolio mafta emenl cosls Cost ol obiwning invesitnent Inve$lmeni administration costs Intellectual property IicerKlno ¢osts Rent ¢ollection, propety repairs and mainienance charges Total ?xpend6ture on ralsfjng funds Expenditure on charitsble a¢tlvltlÈs- Parish Share Salaries Chur¢h rJnnmg &xpenses 88.213 24,427 75,876 88,213 68.205 86,188 55,469 23,209 44,909 101,Q15 65,684 48,810 43,778 10,312 Total oxpendrture on charllable 188,516 242.606 123.587 91,9 215.509 rate materlal Itern ol Mission ,OOD 15.000 15,256 Totsl 15,000 15,DOD 15,256 15.2S6 Otlw eciailon 5,8Yd 1,521 5.703 12,196 17,899 Total other exp8ndituYe TOTAL EXPENDtruRE 5.823 209 339 1,521 55,611 7,344 4,950 5.703 144,546 12,196 17.899 ¢C17a IEx¢&ll 1210512023 Section C Notes to the ?¢counls Notg 8 Funds recelved as agent 8.1 Pleasè complete thls note illhp dHrlty has agyeed to admlnlster the fvnds ofjnolher enlltyas Ils agent. Note.. Ila charfty Is acling as an agenl, 11 shouldnot recognise the Incom& In tbo Stalement of Flnancial Aciivitfftes or ihe Balance SI￿1. Amount rgcelved Amount Id out Balance held at rlod end Deserlptionlnamè ot party Ralated parly (Yes orNo This ear This 0or Last Thls oaT Lasi èar Grace Chur¢h Duslon No 33,560 41,075 7,529 Totsl 33,560 33.546 26.031 41.075 7.529 8.2 Where a consortia orslmllar arrangement exlsts wher¢by 2 ormore charltles ￿l￿operate to achleve eC¢%￿MieS in the purchase ofgoodsorserwices, please dlscoso dot#il$ olanybalances outstanthng between anypgrtlclpating membvs. D•$¢rfwlonlname of party Balan￿ held at rlod ond This ar Lasl ear Tolal CC17a IExcef) 1110512023 Other Inlormatlon.. Andysls ol &xpendltuYe on eharEiable actl¥lti Thls Grant fundlng ol Last Gtsnl lurKllng of Il¥llles Acliwty or prowamrne Lmd¢rt4ken dlyee Svpport ¢0513 Tolal th15 Aciivttles ndertakÈn dlrertl Support Costs Total la Min￿1 Parish Share, Salants mi￿10￿ IChur¢h GIDU and Acbvthes ESta￿lshMen1, Governance 147614 65,883 21,879 235,356 17,099 10.297 2,198 164,713 149,933 48.606 21,249 219.788 26.119 10,601 2.157 28.877 166,052 59,207 23.406 248.685 7ofal 24,077 264,950 CC17a IExcdJ 1210512023 SectlDn C Noles to the a¢oounts Note 9 Support Costs Pleo$& complete this nole il the charlty ho$ 8n8lys•d Its expenses uslng 3¢tlvlty cotegorles anol has support co$t& This yèar Support cost exam Ral4ng funds M5n15t Mlsslon Eslabllshrn8r¢t Grand totsl Basls of allocallon IOes¢rlbg methodl Gov£man 1,344 Administration 559 559 Church Off￿e rLmning costs Church Administrator Sala and Pension 3,264 3,264 17,099 5,130 2.198 24,427 Ba$e¢ on dutiss & time alb¢alion Other 17.D99 10,297 2,198 29.594 Totsi Last year uppo Rai¥in funds Mlnlst Mlssion Establishmenl Gfand total Bèsb of allocatlon DesciSb8 melhodl Governance 1,200 1200 Administratson 2,230 2.230 Church Office runni¥ Costs Church Administrator Salar and Pènsion 2.238 16,119 4,933 2.157 23,209 Ba$9d on dulles & timg allocat5on Othei 16,119 10,601 2.157 28,877 Total Ple05epmvide delalls of the accounlingpoll¢y adopted forthe apportiorjment ofcosts between acfivitles and any ostlmation technlques used to calculate theirapportionment. The church administrator Costs havo been apportioned be￿een church aclivilies based on duliesltime spefil, estimated as a proportion of the lotal expenditure in each area ol Ministry, Mission and Establishment. CC17a (E￿1) Section C Notes lo the 3ccounls Note 10 Detalls ol certaln Items of expendlture 10.1 Fees forèxamln•tion ol the a¢counts Please provlde details ol the amountpald for any statutory extemal scrutiny of 8¢¢ount$ and other swvlces provlded byyourlndependwt eXAminer. Mnothing Wgs P8ldplease enter fl'in th¢ approprl8te box(es). Thls yèar Last year Independent examiner's fees 1,200 Assurancè ser¥l¢es other than audit or independenl examlnallon Tax advlsory fees Other fees (for èxamplo: Ilnancial advleè. consultsncy? o¢countancy services) paid tts the Indep￿dent examlnor CC17a IExcdl 0610W2023 Seclion C Noles to the accounts {contl Note 11 Paid employees Please complete Ihls note if the charlty has any employee& 11.1 stall Costs This year Lasl year Salaries and wages So¢Fal security Costs Penslon costs (delined contributlon scheme) Olher employee beneflts 22,658 21,514 1,769 1,694 Total stsff costs Thls year. Please provlde details of expenditure on staff worklng for the charlty whose conlTa¢ls arè with and 8re pald by a relaled party There were slaff costs 012 other enyloyees whose costs are reimbursed and paid for by the separate MAST charity. MAST Salary costs: £40,585 and Pension Conlrtrbulions.. £3,193. La￿ year: Please provide delails ol expenditure on staff working lor the charfty whose contracts are with and are paid by a related party There were staff costs of 2 other employees whose costs are reimbursed and paid lor by the separate MAST charity. MAST Salary costs.. £39,354 and Pension Contributions: £3,122. Please glve details ol the number ol èmployees whose total enyloyee beneflts fexcludlng employerpenslon costs) lell wlthln each band of £10,000 from £60,0110 upward& If there are no such transactlon4 please enter 'true' In the box provided. No employees received employee benelits {excluding employer pension costs) for Ihe reporting period of more than £60,000 TAUE Band Number ol em Thls year ees Last year £60 000 10 £69 999 £70,1)1)O to £79,999 £80.000 to £89,999 £90,000 to £99,999 £1 IXI.000 to £109 999 This ear Last ar Please provlde the tolal amount paid to key management personnel {includes Irustees and senior managemenl) for their services to the charity. For specific amounts paid to trustees, see Note 28. CC17a IEx¢ell 0610412023 11.2 Average head count in the year The parts of the charity in which the employees work This year Number Last year Number Total 11.3 Ex-gratia payments to employees and olhers {excluding trustees) Please complete if an ex-gratla payment is made. Please explain Ihe nature ot the payment Thls year Lasl year Pleaso stale thfr legal authority or reason tor rnaking the payment Thls year Last year This Last Please state Ihe amount of the payment {or value of any waiver of a right to an asset) CC17a (Excell 0610412023 11A Redundancy payments Please complete If any redundancy or temiinafion payment is made in fhe period. Thls Last Total amount of paymenl The nature ot the payment (cash, assel etc.) This Last ear The extont of redundancy fundlng at the balance sheet date Please ￿ale the accountlng policy for any redundancy or termination payments CC17a (Excell 0610412023 Seclion C Notes lo the accounts lcont) Note12 Dellned ¢¢ntributlon penslon scheme or deflned beneflt scheme accounted lor as a defined Contrlbutlon scheme. 121 Pl•ase complota thls note if a deflned conlrlbutlon penslon schemé is operated. This ear Last Amount of contrfbutlons r•¢ognlsed In the 50FA as an expense. {'In¢ludes MAST stsffl 4,962 4,816 Pletse explain the bas1$ lor alloeatlng Ihe liablllty and gxpense of deflned contrlbullon pension scheme betwèen actlvltle$ and between restrkted and unrestrleted luftd& The Chureh administrator pension costs have bÈen opportioned belween church aclniiles based on thjtiesliime spent. estimal8iJ as a proportion ol the lola¢ trxpenditufe. and are unrestricted funds. MAST e[n￿oyee pension costs are restrtcted arid have been allocated lo Ministry costs. The Church adminlslralor pension costs have been apportioned belween church activites based on dulle￿tIrn8 spenl, estimate￿ as a proportion of the total expenditure, and are Unrestr￿ted lunds. MAST employee pension costs are restrictèd and have bw) allocated lo hAinislry costs. 12.2 Please complete this section wh￿e tho ¢h8rilyparticipates in 8 dellned benefit penslon plan but 1$ unable to a$¢ertaln Its share olthe underlylng assets and Ilabllltle& Please conflrm that allhough the $¢heme 1$ ¥¢counted lor as a deflned contrlbutSon plan, It Is a defined benefit plan. P1th￿ provide sueh InfoTmatlon as is avollable aboul the plan's SUTplus or deficlt and the implications, If ony. lor the reportlng charity lor ihis year and last ye•r, it dIffe￿￿t Not appltcable Not applicable 12.3 Please conyplele thls se¢tlon where Ihe charltypartldpates In a multlwemployer deflned bef￿lItPenSIon plan thal ffs accounfed loras a deflned contrlbutlon plan. Descrlbe Ihe exlent to whlch ihe ¢harlty ean bé liablè to the pl•n for other èntitles. obligations und&rthe tenns and corEdltlons vf the multivemployer plan. 11 thls Is dlflerent for Itst year. pravklo dètalls Provide an expl•nation of how any Ilablllty arlslng from an •grèement wlth a multl-employer plan to fund & deficit ha$ been detemilned. If this is dlfferent tor last year* provlde details FN details please reler lo Ihe'chureh Wort¢ers Pension Fund" page in the APCM 2022 Fina￿la1 Rewrt. Not applicable CC17a IExcell 06J0412023 Section C Nc¢tes Its the accounts Iconll Note 14 Tanglble tixed assols Please complete thls nots ifih& ehariry has any tanglble fixed a&4et$ 14.1 Cost or valualjon Fveehold tand & bulldlngs Othèr14rKE & bJlldlng$ PlanL r￿a¢hInery bnd motorvehl¢le$ xture5. flttlngs and equlpn)8nt Totsl At th8 beginrllThJ of ihe yeav Additions 89.497 5.970 339.497 5,970 15,000 Rwaluations 15.OOD Disp05als Transfers" At end ol the year 265.000 95.467 360.467 14.2 Depre¢latlon and ImpalmMnt8 'Basl$ Market value SL Ratè Not aWi¢able as the marketvalue i8 at least equal lo the value ifi the 5 years Al beginning of the y Disposals 80,336 80,336 Depreciath( Inpwrtnent Transter¥' At e￿￿ of thp year 87,680 87.680 14.3 Not book val Net book value at t￿ beginning ot year 250,000 9,161 259,161 Net book walue al the end of the y8ar 265.000 7,787 272.787 CC17a IExc*D 06104fd023 14.4 Impalrrnenl This year.. Please provides descnplion of tho evenl$ and clreum$lan¢e$ th&t led to r8eognllion orr•¥6YtsI ofan Impairmenl lo￿. Lèst year: PIg05&PFo¥ido o descriptlon ol the evenl$ clicvmslances that led to the reeognltlon orrevers8lof8n imp*mentlo 14.5 Aevaluatlon If accounting pDllcyof revaluotlon Is adopted, ple8strprovth.. tho effecllved•te olthe mvultsatton Thls 2410312023 Lasl 1810212022 The mad(et value of the propgrty, obl&ned from advice uiven by IIKal estate agents Jackson Grundy. Please note a full prolessional valuation has not bpen oblained In respect ol the CUFreni accounting peiiod. The n)arkei value of the propotty. obiained from advice given by local eslale agents Jackson Grundy. Please nDle a full prolessional valuatlon has not 8n obtained In sp￿1 of the currenl ac¢ounVng Ih name ollnd8pendent valuer. Mappllcable the mglhods #pplled*ndBlgnAllcanl assumpllons Ihe carrylng an￿￿nI that wouldhave ljeen Rv¢oqnlsedh￿ Il%*asseÈs be8n £135,500 (purchase July 20031 £135,500 Iwrchase price in July 20031 14.fj Olher digclosurè This La$1 (l) Pleasesl•le the amount ofbormwfng eosts, MAny, cwtaltsed In Ihe constru¢tioft of tanglble fixed8&sel$ andlhe ¢apltall$6tlon rate used. (11) Pleaseprovide theamount of eontréctua1commlb￿9￿t$ forihp•cqwsillon ol langiblo Ilxed (lil) Dglailsof Ihoexffslence andcarrylng amounrs olproperty. pl8JJl 8nd equipmèntio whffeh thè charily wsÈrlcle(Itille orthatarepledged¥s 8e¢urlty lor Il¥bilitle rhe Yransler5"rowis forjnoveffryents b8twe8n fixedasset categorl&s. ' Please indrale th8 melhud0ld&preuai￿n by d81eting Ih8 m8lhodnol applicable {SL z Strawm lin&,- RB- r8cI(King Oalancpl. Atsopleas8 icat8 Ihe rale of depreciation.. lorstraightline, wl)at the anlicipatedlile ollhÈ asser finyearsl,. for rpducmy b818nce, whatis Iheperceniage CC17a (Excell 06m4rd023 Seclion C Notes to the accounts cont Note 19 Debtors and prepaymenls Plpase complete this nolo il the charfty has any debtors orprepayments. 19.1 Analysis ot debtors This year Last year Trade debtors Prepayments and accrued Ifbcomg Other debtors 16.311.2 16,311.2 14 179.9 14.179.9 Total Please complete 19.2 where a material debtor is recoverable more than a yearatter the reporting date. 19.2 Analysls of debtors r¢¢ovorablfr In more than 1 year Ilncluded In debtors above) Thls year Lasl vear Trade debtors Prppayments and accyued income Olhei debtors Totsl CC17a IEx¢o11 0610412023 Section C Notes to the accounts ¢onti Note 20 Creditors and accruals Please complete this note if the charity has any credllors oraG¢ruals. 20.1 Analysls of credltors Amounts tslling due wllhln one ear Thls yeai Last year Amounts falllng due after more than one ear Thls year Last year Accruals lor grant$ Poyable Bank loans and overdrafts Trade credltors Payments received on account for ¢onlracts or pertorrnante•related grants Accruals and deferred Income Taxatlon and social security other cieditors 24,603 33.422 Total 20.2 Deferred Income Please compleff this note if Ihe charlty IM$ deferred Income. This ear £50 wedding lee r¢¢eived lor a wedding taking place in April 2023, and £1145 received lor the Youth weekend away happèning in March 2023. Last Please explain the reasons why income Is deferred Movement In deferned income account Thls vear Last year Balance at the start ￿ the reportlng period Amounts addpd in current perlod Amounts released lo in¢omo from prevlous periods Balance at the end of the reportlng perfod 1,195 1,195 CC17a IEx¢ell 1110512023 SÈciion C Notes lo thp gccouTrIs Note 24 ¢ash at bank and in h￿d This Year La8tye8r Sh(*t iemi wh Invest￿nts￿les￿than3 Mont￿ matyritythfel Stsort Iprm deposlls Cash ai bank arbd on hand Otljer Tolal 90.570 CC17d IExeeTr 11 111111 1111111111 111111111 111111111 111111111111 111111 llllEIIIIIIIIIII Section C Notes to the accounls cont Note 27 Charity lunds (cont) 27.3 Transfer5 between funds This Reason for transter and where endowment Is converted to Income, ower for lis ¢onversion Amount Between unrestricted and rèstricted funds Not applicable Between erKIowFnerrt and restricted funds Belween endowmenl and unrestrioted funds Not applicable Not applicable Last Reason for transfer ahd where endowment is converted to Income, legal power for its conversion Amount Between unrestricted and reslricled funds Between endowment and restricted IUTKJS Not applicable Not applicable Between endowfflent and unrestricted lunds Not applicable 27.4 Designated funds This ear Planned use 05e of Ihe desi natlon Amount Last ar Planned use Pur ose of the desi nation Amoun GC17a (Excel) 0610412023 Sect*on C Notes lo Ilie account5 (conti Nole 28 Tran$8¢11on$ wlth Iru$tee$ and ￿lated partles IRllte ¢horltyh•$8ny tr*n$8dions Lvlth relatedpartie5 (olherlh?n Ihe lrysteepKpeRSes￿pI8In9dl￿￿uF&JnC* notes) detalls D¢such Iransacllons$h¢wldbeprovlde(I In Ihl$not8. Iltlw• tr&nsa¢iion$ h report. please enter"Trtt8"1 Ihpbox or'P4ts•"Iltlw•4ie trans8CtIons 10 WOfL 28.1 TT￿$￿ ￿M￿nerat￿on and bongfit$ Th1$ year ofthe Iwuyteps have been paid any remunoralloD o¥ r8¢olv&d anyo11￿ bor*ltl8 from ah employmentwllh Ikelr rharityor a related entlty ITrup or Falsel FALSE In Ih8Jwlodthe ¢h8rltyhaspald truslees renxiner8tl0nandlRne￿￿ Pleaseglve Ifvoornountof, 8nd leg818ulhorltylor. anyrernunerallon orolher4WItsp81d to 8 tntstseby thg GI￿1tyOr￿￿ylllsI1IUll0￿ orcompanyconnected withlt. ArnouEts pard or benelllv8lue L8yI authO￿ty leg Rwnyn￿￿jTh TOTAL me ofirtist*¢ IIIIIU*s_:. o¥deTT qovemkng documBnl) [In¢lUd 1095 of pe￿ Coljlhts PCC resolullun 1.769 24,427 Weas0$71Ye delalls ofwhyremutwraiknn or￿hr employmemtbonellls wer¢palrf. Whoman exgrntl•p*ymÈnth•s been m8dw to • th￿108, provldeanexpl*n8tlon olthenalumof Ihe p8ymem. La81 year None ol Ihtshw&tÈes b¢*n paid any lemy￿ratIon or Tecelved any other b8nollt8fr0rn an employmentwllh Iholi cha¥lty or • rèloted or FJl%l FALSE lheperft￿tht trh•rlty poldlru$leesremvner4110ft8ndbenellts. Ple8se9lv8lhe •nrounlol, andlwlatsfhorty lar. onyremunprnllon or other benellts paklto* Iiusiee bythe¢harltyoranyinslllvtlon orcompanyconneclerfwlth Amounts pald or beneth valu& Le981 authorlty leg ordèv. governin9 Aemun¢Y*i Pen¥lon lkndwxlancy (Includlng IDs501 Dffi¢ellox Other TOTAL Nam8 ottVU8ieè Pot• Collkns PCC Fegolullon 14,435 1,lJS 15.570 Where8h exor*fh paymenthasbeen made loa In￿tEe. proyidpanqxpla￿l1On ollhe nature of ihepaymenL 28.2 Truste￿, expenses CGl7aiEx￿l 1WU412023 Mlh¢ tthkriiylTrtsp•ld tnjglees exponses for￿All11￿n￿ Ihelrdutie$. detAlls ofsueh traitrsacllon$$houldbeprovld8dln ih noro. If Ihfrre ?re no t￿•88￿10￿$ to reparl. please enlpr'frue" lh¢ box below. ttihem 8ro Iraiisacirtins iorèport,ple•se entèr'F&ls•': No trustse e¥pense¥ have been Incurred (frw *X FzlsÈ1 TRUE TY￿ olexponses 18lmlJursed Thls year iw¥t yfyar Travel Sub$lsi8n¢e A¢¢ommodollon Other (please spe¢ityl'. TOTAL 4.486 Pl8890 provlde Ihe numk)er 01lWStw reknbyrs¢d lgrupertyses or who had expenses pal¢J bythe charlty 282 Trans)¢tlon{$l with le￿Ied part￿S Ple88epfve dei811$ 018ny iransacihn undertoken by(w on*eh81fof) the chwKilyln whlch a Felatrdp8rty h8s8meterf•l interest. Including wljere lunds have be8n heldas éyÈrf fOfrfLledpJrtles. lff Iher8•rn no suth iran&rycWons, please enler Yiuo'ln iheboxprovlded. Thls ￿ar Therè ha¥e bè8n M ￿ltsted party transac￿￿￿ In tho reporung p*lod (TTU¢ or Folse) FALSE AmDunt$ wltten ott durtng reportlng N4m¢ ollhetrustee or relaled party Rel4llonshlp ¢hJrity Des¢riwlon of the Iransacllonls) Amount Balance 41 pe¥lod ehd Pro7Aslon f¢T bad debts 8tP0rlod end PCC &lÈmbers TTU¥te¢s Aggregatè donallo xecelved whhoul 21252 In relation lo I1￿ trans8Cllons 8bov•, pl•¥￿P￿0V1￿ts fhp fernts¥ndcondition4 InGludlnganyse¢urlty8ndlhe n8lur8 olanypJymenl (conslderntlonj k>bvprovidedln seiiiemenL Not ap￿¢￿& For4nytsl8iedpartyJ pleas¢provlde del8118 olany guaron(ws g1¥￿ Orr￿e￿Wa&. Not appllcable CC17a IEx¢éll Isf04I20¥d La8tyear There havo no rola1￿1 party In lh¢ rwporflng perlo41 (Tw8 or Falsel FALSE out Wrllton off d4JTln portlfig N8m8 ol Ihg truslee or rel¥ted party FfelatlDnshlp to charfly DBgGrlptlon olthe tran$8Ctio#l$l Amouffl Balancè at perlod erKI PrDvlslon for bad dtrbts ai Pe￿0d end PCC Trustees Aggreg$te donallons YeoeÈved wfthoul 29.849 In re181ion to Ilre Ir¥ns•¢llons•bove, Pl￿0￿rOvId0 Ihp lerm5 andcondltions Includlngor¥yse¢uTlty•nd Ihe of 8nypaynRnl (conslderaifon) io btrprovldodl For8ny+vlatedp8ty. th5eproth ¢letslls olanv gv8r&iJte8s orrecelved. Not ApFl￿a￿fy CC17a IEx¢dJ Financial Staternents of the Parochial Church Councll St Peter and St Paul, Moulton for the year ended 31 December 2022 Charity law llow requi￿$ that the church PFovKle5 all the detail about its financial aflairs that havè apPea￿d o th"splay outside tho church for Ihe past lortntght. Regular income of the church continued to exceed £250,000 during 2022, therefo￿ thè accounts ar8 wopared on an accruals basis. Further copies ol thÉ reports Ihat hav been on display are avaalabb for those who require them and are on display this evening. The aim of this handovt is to provide a slmplllicatlon ol the cwrenl financial position in a format that is more f3miliar to people. There are also a lew queslEDns and answers to some Irequenlw asked qU&Slions. Fln#nclal Hlghllghts Ql - Could you briefty explaln the 2022 financial Trsults? A - Thè ltstal income for the church in 2022 was £262,390 linduding MAST w*omel, with lolal expenditure ol £264,950 {including MAST expendibJr&l. Q2- How Much did Income exceed ExpÈndtturg by In 2022? A- The total delieil 01 £2,560 consisted ol non-cash depreciation chargè of £7.344 with a cash surplus of £4,784 On UfKlertying church activitigs. DEPRECIATION: T4C Assets, the Church Oigan, Sound system, conwuter. Church Hall Staidift, new boiler lor the Church Centre and the new Pfojector screen are being deprèeiatèd by 2001¢ per year lor 5 years, whioh has resulted in th8 chafge of £7.244 in 2022. INC¢)14qE. Over￿1 income (excluding MAST ineom81 was up by £28,805 in 2022 vs 2021, due to more income being re￿iVed from donations and activities than expected. EXPENDITURE- £40,806 htghÈr in 2022 than 2021 (excluding MAST expendilurel. This was due lo a nurnber ol Ungxpeclgd ilerns ol buiklings maintenancè expenditure inllationary pressvres beirvJ laced by the Economy at large. such as hlghèr En8rgy prices and increases in Nl coniribuiions. The increase ol activitles atlfibutable lo new inTrtiatives le.g. Tolsl and posi pandemic fecovery has also been a factor. Q3. Doo$ MAST make a blg differenee to thè linanclal plclurè? A - MAST provides signilicanl funding to enable the church ID emptoy additional workers and pays many of the Costs a550ciated with that. However, it onty pays the costs incurrgd so the net impact on the fina￿la1 position of the church itself is minimal. Q4- What are the maln areas ot Éxper￿1ture? A- Tha main ongoing cost lor the church remans thè Parish ShaTe that we pay to Ihe Dio¢ese. At £88,213 this accounts for 42Vo ol the church's unrèstricted &xpenditure. After that ale Salaries tor church staff and Ihe general running ol the clwrchlchurch ￿￿tre. 05. How much does the church glve to othgr group4 Ouislde of the immed5ate Ille of th& ¢hurch? A- Around 10 10 ol ￿gt￿ar giving wènt lo other groups, in line with the policy vl the PCC. Q6- How much money does the church have avallable In thè bank? A- Thè ¢hur¢h ha5 c.£90,570 in diffe￿nI bank aC￿unIS. which sounds extremely healthy. Howgver, a signifieant amount ol this Money is rèstricted in how it can be used, lor exarnple lor Restoration works lo th• chuich building. Q7- How are thlngs looking lor 2023 arrfl futther ahoad? A -A budget lor 2023 has been set thai shows a small surplus. Thefe is a need to keep increasing income to meet Current inflal'onary pressures being laced by the Economy at large, such as hiokner Energy price5 and increases in Nl conlribuiion$. Church Workers Pension Fund ICWPFI FRS102- December 2022 Year End St Peter & St Paul, Moulton participate5 in the Pension Builder Scheme section of CWPF for lay staff. CWPF Is administered by the Church of England Pensions Board. which holds the CWPF assets separately from those of the Employer and other participating employers. CWPF ha5 two sections.. l. the Defined Benefits Scheme 2. the Pension Builder Scheme, which h8S two subsections: a deferred annuity section known as Pension Builder Classic, and, a cash balance section krbown as Pension Builder 2014. Pension Butlder Scheme Both sections of the Pension Builder Scheme are classed 35 defined benefit schemes. Pension Builder Classlc provides a pension, accumulated from contributions paid and converted into a deferred annuity during employment based on terms set and reviEwed by the Church of England Pensions Board from time to time. Discretionary Increases may also be added, depending on investment returns and other factors. Pension 8ullder2014 is a cash balance scheme that provides a lump sum which members use to provide benefits at retirement. Pensiorh contributions are recorded in an account for each member. Discretionary bonuses may be added before retirement. depending on investment returns and other factors. The account, plus any bonuses declared is payable. unreduced, from age 65. There is no sub4ivision of assets between employers in each section of the Pension Builder Scheme. The scheme is considered to be 3 multi-employer stheme as described in Settion 28 of FRS 102. This is because it is not possible to attribute the Pension Builder Scheme's assets and liabilities to specific employers and rne8nS that contributions are accounted for a5 if the Scheme were a defined contribution scheme. The pensions costs charged to the SOFA in the year are the contributions payable12022- £4,962, 2021: £4.816). A valuation of the Pension Buildei Scheme 15 carried out once every three year5. The most recent valuation was carried out a5 at 31 December 2019. The next valuation is due a5 at 31 December 2022. For the Pension Builder Classic section, the valuation revealed a deficit of £4.8m on the ongoing assumptions used. At the most recent annual review, the Board chose to grant a discretionary bonus of 10.1% following improvements in the funding position over 2022. There is no requirement for deficit payments at the current time. For the Pension Builder 2014 section, the valuation revealed a surplus of £5.5m on the ongoing assumptions vsed. There is no requirement for deficit payments at the current time. The legal structure of the scheme is suth that if another employer fails, St PeteT & St Paul, Moufton could become responsible for paying a share of the failed employerfs pension lièbilitie5. Independent examination letter ol representatlon Dear Sirs The following representations are made on the basis of enquiries of management and slaff with relevant knowledge and experience such as we constder necessary in ¢onne¢tion wrth your independent examination of The Parochial Church Council of the Ecclesiastical Parish of St Peter & Sl Paul, Moulton financial statements for the year ended 31 December 2022_ These enquiries have included inspection of supporting documentation where appropriate. All representations are made to the best of our knowledge and belief. Genera 1. We acknowledge thal the work perfofrned by you is substantially less in scope than an audit performed in accordan¢e with International Standards on Auditing {UK) and that you do not exp￿$5 an audit opinion. 2. We confim that the tharity was entitled to exemption under section 144 of Ihe Chaiilies Act 2011 the requirement to have its finat)¢ial statsments for the financial year ended 31 December 2022 audited. 3. We have fulfilled our responsibilities as trustees as set out in the terms of yOLtr engagement letter dated 11 February 2021, under the Chafilies Act 2011 for Preparing financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), for being satisfied Ihat they give a true and tair view and for making accurale representations to you. 4. All the transactions undertaken by the chanty have been property reflecled and recorded in the accountsng records. 5. All the accounting records have been made available to you for the purpose of your independent examination. We have provided you with unreslri¢ted access to all appropriate persons withln the charity, and with all other records and related infomation requested, including minutes of all management and trustee meetings and correspondence with The Charity Commission. 6. The financial statements are free of material misstatements, including omission5. 7. The effects of uncorrected misstatements are immaterial both individually an(1 in total. Assets and liabilitie5 8. The charity has satisfactory tille to all assets and there are no liens or encumbrances on the charity's assets, except for those that are disclosed in the notes to the financial statsmenls. 9. All actual liabilitie5, contingent liabilities and guarantees given to third parties have been recorded or disclosed as appropriate. 10. We have no plans or intentions that may materially alter the carrying value and. where relevant, the fair value measurements or classification of assets and liabilities reflected in the financial statements. Accountlng estimates 11. The methods, data and significant assumptions used by us in making accounting estimates, and their related disc105ures. are appropriate to achieve recognition. measurement and disclosure that is reasonable in the context of the applicable financial reporting framework. Legal elaims 12. We have disclosed to you all claims in connection with litigation that have been, or are expected to be, re￿iVed and such matters, as appropTiate, have been properly accounted ft)r and disclosed in the financial statements. Laws and Ye9ulations 13. We have disclosed to you all known instances of non-compliance or suspected fton-compliance with laws and regulations whose effects should be considered when preparing the financial statements. Related partle5 14. Related paty relationships and transactions have been appropriately accounted for and disclosed in the financial slatements. We have disclosed to you all relevant information concemiftg such relationships and transactions and are not aware of any other matters which require disclosuie in order to comply with legislative and accounting strdndards requirements. Subsequent events 15. All events subsequent to the dale of the financial statements which require adjustment or disclosu￿ have ￿en property accounted for and disclosed. Going concern 18. We believe that the charity's financial statements should be prepared on a going concem basis on the grounds that current and future sources of fundin9 or support will be more than adequate for the ¢harity's needs. We have considered a period of ￿e1ve months from the date of approval of the financial statements. We believe that no further disclosures relating to the charity's ability to continue as a going concern need lo be made in the financial ststements. Grants and donatlons 17. All grants, donations and other income, the receipt of which is subject lo speCrf￿ terms or conditions. have been notifieL* to you. There have been no breaches of terms or conditions in the application of such income. Yours faithfully Signed on behalf of the board of trustee5 ## **Independent Examiner’s Report to the Trustees of Parochial Church Council, St Peter and St Paul, Moulton** I report to the charity trustees on my examination of the accounts for the year ended 31 December 2022. ## **Responsibilities and basis of report** As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the charity’s accounts carried out under section 145 of the 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** Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the Act. I confirm that I am qualified to undertake the examination because I am a member of 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 accounts do not accord with those records; or 3. the accounts 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. ## **Use of our report** This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our independent examination work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our independent examination work, for this report, or for the opinions we have formed. Nicola Fox FCA DNG Dove Naish LLP Eagle House 28 Billing Road Northampton Northamptonshire NN1 5AJ Date: 17 May 2023