2022-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of St Peter With St Owen And St James, Hereford

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		Page
Charity information		1
Trustees' Report		1
Statement ofTrustees'	responsibilities	8
Independent Examiner's	report	g
Statement of Financial Activities		11
Income and Expenditure	account	12
Statement oftotal recognised gains and losses		12
Movements in Accumulated Funds		13
Balance sheet		14
Notes to the accounts		15
Detailed Statement of Financial Activities		23

Date offormation			26 January 2010
The Principal OPice	is		StPeter's and StJames Parish Otfice,
			StPeter's Church, St Peter's Close, Hereford.	HR1 2DL
Charity Registration	Number		1133769
The telephone number		is	(01432)275373

						Unrestricted	Restricted	Total	Last Year
						Funds	Funds	Funds	Total Funds
					Notes	2022	2022	2022	2021
						6	F.	6	6
Income and endowments		from:
Voluntary Income						115,759	31,475	147,234	151,964
Investment Income						4,633	782	5,415	1,092
incoming resources	from charitable			activities		15,532		15,532	18,830
Other Incoming Resources							217,920	217,920
Total income						135,924	250,177	386,101	171,886
Expenditure on
Costs ofgenerating	funds
Costs ofgenerating	voluntary	income				1,296		1,296	424
Costs ofcharitable	activities					126.242	58,028	184,270	163,602
Governance costs						410		410	410
Total expenses						127,948	58,028	185,976	164,436
Net income
before transfers between		funds				7,976	192,149	200,125	7,450
Transfers between	funds
Net income before
Other recognised	gains and		losses			7,976	192,149	200,125	7,450
Other recognised	gains and		losses
Gains on revaluation	offixed assets			ior charity's	own use		(169,505)	(169,505)
(Losses)/gains on investment			assets			(2,870)	(1,839)	(4,709)	1,855
Net income						5,106	20,805	25,911	9,305
Reconciliation of	funds
Total funds brought forward						495,786	440,012	935,798	926,493
Total Funds carried forward						500,892	460,817	961,709	935,798

Income and Expend for the year ended	iture Accou 31 December	nt 2022
			2022	2021
			r	6
Tufnovel'			162.766	170,794
Direct costs ofturnover			185,566	164,026
Gross (deficit)/surplus			(22,800)	6,768
Governance costs			410	410
Operating (deficit)/surplus			(23,210)
Gains on disposals of	fixed assets		217,920
Interest receivable			5,415	1,092
Surplus on ordinary	activities before tax		200,125	7,450
Surplus for the financial year			200,125	7,450
Retained surplus for	the financial year		200,125	7,450
All activities derive from continuing		operations
The notes on pages	15to 23form an integral		part ofthese accounts.

Statement ofTotal Recognised Gains and Losses	Statement ofTotal Recognised Gains and Losses	Statement ofTotal Recognised Gains and Losses
for the year ended 31	December 2022
			2022	2021
Excess of Expendiiure over income before realisation		ofassets	(17,795)	7,450
Profit per Profit and Loss	account		200,125	7,450
Unrealised (losses)/gains	on investments		(4,709)	1,855
Net Movement in funds	before taxation		25,911	9,305

Revenue accumulated	Revenue accumulated	Revenue accumulated	Revenue accumulated	funds	funds				Unrestricted	Restricted	Total	Last year
									Funds	Funds	Funds	TotalFunds
									2022	2022	2022	2021
										6		6
Accumulated funds		brought			forward				495,786	426,106	921,892	912,587
Recognised gains	and		losses before transfers						5,106	22,644	27,750	9,305
									500,892	448,750	949,642	921,892
Transfers between		restricted			and unrestricted		funds
Closing revenue	accumulated funds								500,892	448,750	949,642	921,892
The notes on pages			15to		23form an	integral		part ofthese	accounts.
Revaluation Reserve			Fund						Unrestricted	Restricted	Total	Last year
									Funds	Funds	Funds	TotalFunds
									2022	2022	2022	2021
At 1 January										169,505	169,505	169,505
Transfer (to)/from	revenue			accumulated		funds				(169,505)	(169,505)
At 31 December												169,505
Summary of funds								Designated	Unrestricted	Restricted	Total	Last Year
								Funds	Funds	Funds	Funds	TotalFunds
								2022	2022	2022	2022	2021
Revenue accumulated			funds						500892	448750	949642	75238r
Revenue designated		funds
Fixed asset funds
Revaluation reserve		fund										169.505
Endowment funds										12.067	12,067	13,906
Pension reserve fund
Total funds									500,892	460,817	961,709	935.798

StPeter's with St Balance Sheet as at 31 December	Owen and 2022	St	Ja	mes' Paroch	ial Chur	ch Council
				Notes		2022		2021
						6
The assets and liabilities ofthe		charity:
Fixed assets
Tangible assets				11		420,000		589,505
Investments				12		33,889		38,598
Total fixed assets						453.889		628,103
Current assets
Debtors				13	22,340		16,396
Cash at bank and in	hand				490,007		296,957
Total current assets					512,347		313,353
Creditors:-
amounts due within one year				14	(4,527)		(5,658)
Net current assets						507,820		307,695
Total assets less current liabilities						961,709		935.798
Net assets including pension		asset Iliability				961,709		935,798
The funds ofthe charity:
Unrestricted income	funds
Unrestricted revenue	accumulated		funds		500,892		495,786
Designated revenue	funas
Unrestricted capital	funds
Designated fixed asset funds
Total unrestricted	funds					500,892		495,786
Restricted income funds
Resldcted revenue accumulated		funds			448,750		256,601
Restricted capital funds
Restricted revaluation	reserve						169,505
Total restricted funds						448,750		426,106
Endowment funds						12,067		13,906
Total charity funds						961,709		935,798
Rev. A. Morgan
Trustee
Approved by the board oftrustees			on	..
The notes on pages	15to 23form		an	integral part	ofthese	accounts.

3	Surplus for the financial year	2022	2021
	This is stated after crediting:-
	Revenue Turnover from ordinary activities	162,766	170,794
	Gains on disposals of fixed assets	217,920
	and after charging:-
	Independent Examiner's Fees	410	410
4	Statement that no expenses were paid to trustees or	connected persons

fo	r the year ended 31 December 2022	r the year ended 31 December 2022
9	Staff Costs and Emoluments			2022 E	2021f
	Gross Salaries			22,703	1,760
	Numbers offull time	employees or full time equivalents		2022	2021
	Engaged on charitable	activities
	There were no fees or	other remuneration	paid to the trustees
	There were no employees with emoluments		in excess of560,000 per annum

Tangible functional	fixed	assets
						Freehold
						Land and
						buildings
Asset cost, valuation	or revalued		amount
At 1 January 2022						589,505
Disposals						(169,505)
At 31 December 2022						420,000
Accumulated depreciation		and impairment		provisions
Charge for the year
At 31 December 2022
Net book value
At 31 December 2022						420,000
At 31 December 2021						589,505
Freehold land at valuation		included	above not	depreciated		420,000
					2022	2021
					6
Church House					340,000	340,000
Close House					80,000	80,000
61 Lichfield Avenue,	Hereford 54.48%share					169,505
					420,000	589,505

Fixed Asset	Investments
				Property	Listed	Unlisted	2022
				Investmentsf	Investments	Investmentsf	Totalf
Valuation
Market value	at 1 January 2022				38,598		38,598
Nei unrealised	gain/(loss)
on revaluation	of investments				(4,709)		(4,709)
Market value	at 31 December	2022			33,889		33,889
Cash held by	investment advisors
Total Investments including		cash			At 31 December	2022	33,889
Total Investments including		cash			At 1 January 2022		38,598
Analysis ofinvestments between			UK	investments	and investments	outside the UK
				Property	Listed	Unlisted	2022
				Investments	Investments	Investments	Total
Investment assets in the UK					33,889		33,889
Investment assets outside the		UK
Total market	value				33,889		33,889
				Property	Listed	Unlisted	2021
				investments	Investments	Investments	Total
Investment assets in the UK					38,598		38.598
Investment assets outside the		UK
Total market	value				38,598		38,598

		Security	Security					Type ofshare	Type ofshare	Type ofshare	Type ofshare	Holding	Market	Market
													Value	Value
													2022	2021
													6	6
	CBC Church of England			Investment
	Fund Income Shares								Ordinary			648	13,389	15,163
	CBC Church of England			Fixed Interest
	Securities Fund Income			Shares					Ordinary			8,802	12,067	13,906
	COIF Charities	Investment			Fund
	Income Shares								Ordinary			464	8,433	9,529
													33,889	38,598
	The total listed portfolio is:-
													Market	Market
													Value	Value
													2022	2021
													6	F
	As detailed above												33,889	38,598
	Total market value												33,889	38,598
13	Debtors												2022f	2021 6
	Trade debtors												1,413	2,934
	Prepaid expenses												12,827	11,517
	Taxation Recoverable												8,100	1,945
													22,340	16,396
	Amounts due	after more than				one year			included		in the	total above	are analysed	as:-
14	Creditors: amounts		falling		due within			one year					2022	2021
													F	F
	Trade creditors												4,117	5,248
	Accrued expenses and other creditors												410	410
													4,527	5,658
15	Related party	transactions
	No transaction	with related			parties,		disclosable			under the		FRS 102and	the Charities	Act 2011,were
	entered into during the year				or previous			year.
16	Analysis ofthe Net		Movement			in	Funds						2022	2021
														6
	Net movement	in funds from Statement						of Financial			Activities		(17,795)	7,450
	Net resources	applied	on functional				fixed assets						48,415
	Net movement	in funds available					for	future activities					30,620	7,450

Particulars of Individual	Particulars of Individual	Funds	and analysis	ofassets	and liabilities	representing	funds
At 31December 2022			Unrestricted		Designated	Restricted	Total
			funds		funds	funds	Funds
						6
Tangible Fixed Assets			420,000				420,000
Investments at valuation
Fixed asset investments				21,822		12,067	33,889
Current Assets				63,597		448,750	512,347
Current Liabilities				(4,527)			(4,527)
			500,892			460,817	961,709
At 1January 2022			Unrestricted		Designated	Restricted	Total
			funds		funds	funds	Funds
Tangible Fixed Assets			420,000			169,505	589,505
Investments at valuation
Fixed asset investments				24,692		13,906	38,598
Current Assets				56,752		256,601	313,353
Current Liabilities				(5,658)			(5,658)
			495,786			440,012	935,798
The individual funds	included		above are:-
			Funds at		Movements	Transfers	Funds at
				2021	in	Between	2022
					Funds	funds
Unrestricted Funds				f	as below F		f
General Unrestricted	Funds		489,281		(5,131)		484,150
Church House and Close		House
Lettings				6,505	10,237		16,742
Designated Funds
Ministry Development	Fund
Restricted Funds
St Peter's Building Fund				14,724	(1,258)		13,466
St Peter's Organ Fund
St James' Building Fund			136,667		150		136,817
LFG Brown deceased	Trust				217,920		217,920
Church Wardens Fund				754	252		1,006
Expendable Endowment		Fund		13,906	(1,839)		12,067
Restricted Capital Fund			169,505		(169,505)
Night shelter				9,940	(9,940)
Ukraine Project					15,777		15,777
Ministry Development	Fund			41,520	(11,897)		29,623
HTF
Rwanda Fund				2,034	(1,602)	(246}	186
Vouthworker Fund				48,438	(9,314)		39.124
Sundry other funds				2,524	(7,939)	246	(5,169)
			935.798		25,911		961,709

Analysis ofmove		me	nts	in funds a	s shown in the tab	le above
					Incoming	Outgoing	Gains 8	Movement
					Resourcesf	Resourcesf	I ossesf	in funds F
Unrestricted Funds
General Unrestricted			Funds		120,392	122,653	(2,870)	(5,131)
Church House and		Close		House
Lettings					15,532	5,295		10,237
Restricted Funds
St Peter's Building		Fund			347	1,605		(1,258)
St James' Building		Fund			150			150
LFG Brown deceased			Trust		217,920			217,920
Church Wardens	Fund				252			252
Expendable Endowment				Fund			(1,839)	(1,839)
Restricted Capital		Fund					(169,505)	(169,505)
Night shelter						9,940		(9,940)
Ukraine Project					15,827	50		15,777
Ministry Development			Fund		12,934	24,831		(11,897)
Rwanda Fund					398	2,000		(1,602)
Youthworker Fund					2,162	11,476		(9,314)
Sundry other funds					187	8,126		(7,939)
					386,101	185,976	(174,214)	25,911

						Unrestricted	Unrestricted	Restricted	Total	Prior Period
							Funds	Funds	Funds	TotalFunds
							2022	2022	2022	2021
									6	F
Incoming Resources
Incoming Resources	from generated				funds
Voluntary Income
Non government and non public Incoming resources ofa revenue			bodies nature		- granh, donations		and legacies
Legacies receivable										30,029
Envelopes and Gift Aid							8,195		8,195	9,785
Loose collections at ail services							7,435	238	7,673	8,260
Income tax recoverable							21,237	115	21,352	18,740
Donations, appeals, etc							75,892	4,741	80,633	77,684
Grants							1,555	14,577	16,132	2,199
Other income							1,445	11,804	13,249	5,267
Total									147,234	151,964
Total Grants, Legacies &		Donations		Received			115,759	31,475	147,234	151,964
Total Voluntary Income							115,759	31,475	147,234	151,964
Investment Income
Bank interest and dividend		income	received				4,633	782	5,415	1,092
Total Investment Income							4,633	782	5,415	1,092
Incoming resources from charitable					activities
Letting of non investment		property	for	charitable		purposes	15,532		15,532	15,969
Parochial fees										2,861
Charitable activities							15,532		15,532	18.830
Other Incoming Resources
Gains on disposals of fixed assets			owned		by Charity			217,920	21'7,920
								217,920	217,920
Total Incoming Resources							135,924	250,177	386,101	171,886
Gains on investment	assets
Unrealised (losses))gains		on investments					2,870)	1,839	(4,709)	1,855
							2,870)	(1,839)	4,709)	1,855

						Unrestricted	Restricted	Total	Prior Period
						Funds	Funds	Funds	TotalFunds
						2022	2022	2022	2021
						f		f
Costs ofgenerating	funds
Costs ofgenerating	voluntary			income
Cost offundraising actiwties						1,296		1,296	424
						1,296		1,296	424
Total costs ofgenerating		voluntary			income	1,296		1,296	424
Support costs ofcharitable			activities
Direct support costs
Gross wages and salaries		—charitable			activities	10,471	12,232	22,703
Training and welfare						290	50	340
						10,761	12,282	23„043
General administrative	expenses:
Telephone and fax						1,608	170	1,778
Postage						278		278
Stationery and printing						1,216		1,216	276
Subscriptions						80		80
Equipment expenses						1,047		1,047	2,923
Office running costs						1,578		1,578	5,796
Advertising and PR									510
Bank charges						123		123	159
						5,930	170	6,100	9,664

			Unrestricted	Restricted	Total	Prior Period
			Funds	Funds	Funds	Total Funds
			2022	2022	2022	2021
			f	F	f
Othersupport costs
Ministry: Diocesan Parish Share			64,200		64,200	63,000
Clergy Expenses			1,696	1,760	3,456	3,047
Church running			14,062		14,062	14,667
Church maintenance			11,200	9,290	20,490	23,482
Church insurance			11,517		11,517	11,193
Youth and other work			9	1,923	1,932	737
Church House and Close House expenses			5,295		5,295	9,464
Organist and music			275		275	1,975
Parochial fees and organist fees paid over						1,440
StJames' Organ fund						494
Ministry Development	Fund			19,450	19,450	15,227
Aight shelter						4,327
Other restricted costs				1,253	1,253	3,885
			108,254	33,676	141,930	152,938
Total Support costs			124,945	46,128	171,073	162,602
Granfmaking to achieve the objects ofthe charity
Grants paidincluding	GiftAid payments
Grants paid as shown	in the detailed schedule		1,297	11,900	13,197	1,000
Total Expended on	Charitable	Activities	126,242	58,028	184,270	163,602

						Unrestricted	Restricted	Restricted	Total	Prior Period
						Funds	Funds		Funds	Total Funds
						2022	2022		2022	2021
						8		8		8
Governance costs that are		not direct		management		functions inherent in		generating
funds, service delivery and programme					orproject	work
Specific governance costs
Independent Examiner's Fees						410			410	410
Total governance costs						410			410	410
A Detailed schedule ofgrants			paid to	achieve the		objects ofthe	charity
									2022
									0
Nlissionary and charitable	giving
Other grants						1,297	11,900		13,197	1,000
Total Institutional grants						1,297	11,900		13,197	1,000
Total ofall grants paid						1,297	11,900		13,197	1,000
Analysis oftransfers between			funds
Transfer to/(from) unrestricted		to be anaiysed			further					(19,658)
Transfer to/(from) restricted	to	be analysed		further						19,658