2022-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of Basingstoke

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

			Page
Report ofthe Trustees		1	to	6
Report ofthe Independent	Auditors	7	Io	9
Statement ofFinancial Activities			10
Balance Sheet
Notes tothe Financial Statements		12	to	23

F	OR THE	YEAR E	NDED 31DECE	MBER 2022
					2022	2021
			Unrestricted	Restricted	Total	Total
		Notes	funds	funds f	funds f	fundsf
INCOME AND ENDOWMENTS	FRONI
Donations snd legacies		2	209,115	731	209,846	176,411
Charitable activities
Church activities			66,637		66,637	54,132
Other trading activities		3	74,254		74,254	51,478
Investment income		4	30,367		30,367	58,066
Other income						25,118
Total			380,373	731	381,104	365,205
EXPENDITURE ON
Raising funds			1,612		1,612	853
Charitable activities
Church activities			402,949	9,870	412,S19	298,207
Other expenses expended						1 604
Total			404,561	9,870	~414431	300,664
Net (losses)/gains on investments			~162893)		~162,893)	62,423
NET INCOME/(EXPENDITURE)			(187,081)	(9,139)	(196,220)	126,964
Transfers between funds		22	(2,825)	2,825
Other recognised gains/(losses) Net (losses)/gains on revaluation offixed		assets	~006.613)		~885,613)
Net movement in funds			(1,075,519)	(6,314)	(1,081,833)	126,964
RECONCILIATION OF FUNDS
Total funds brought forward			5,106,142	35,817	5,141,959	5,014,995
TOTAL FUNDS CARRIED FORWARD			4 030,623	29,503	4060126	5,141 980

	BALANCE SHEET 31DECEMBER2022
		2022	2021
			Restated
FIXEDASSETS	Notes		8
Tangible assets Investments	13	2,682,112	3,551,899
Investments Investment property	14 15	215,001 325 000	248,366 458217
		3,222,113	4,258,482
CURRENTASSETS
Stocks Debtors Cash at bank	16 17	58,416 841,585	1,119 13,435 924,408
		900,001	938,962
CREDITORS
Amounts hlling due within one year	18	(61,988)	(55,485)
NET CURRENT ASSETS		838913	888477
TOTAL ASSETSLESSCURRENT
LIABILITIES		4,060,126	5,141,959
CREDITORS
Amounts falling due after more than one year 19
NET ASSETS		4M6 126	5 141889
FUNDS	22
Unrashtcted funds Resbicted funds		4,030,623 29 503	5,106,142 35,617
TOTAL FUNDS		4M8.'126	5141959

4.	INVESTNIENT INC	OME
					2022	2021
					8	6
	Rents received				23,915	51,696
	Dividend income				6,364	5,374
	Deposit account interest				88	996
					30,367	~58 066
	All investment income is dedved from assets held in the United Kingdom.
	INCONIE FROM CHARITABLE ACTIVITIES
					2022	2021
			Activity		6
	Fees for weddings funerals	and	Church	activities	12,446	6,138
	Fees for courses and
	events		Church	activities		716
	Book stall and magazine sales		Church	activities		333
	Church hall lettings Grants		Church Church	activities activities	54,191	2,015 44,930
					66,637	~54 132
6.	RAISING FUNDS
	Raising donations	and legacies			2022	2021
					6	F
	Cost offundraising Cost ofgenerating	trading voluntary	income		131	206 26
					131	232
	Investment management		costs		2022	2021
	Porffolio management				1,481	621
	Aggregate amounts				1,612	635

				FORTHE YEAR ENDED 31DE	FORTHE YEAR ENDED 31DE	CEMBER 2022
T.	CHARITABLE			ACTIVITIES COSTS
						Direct	Support
						Costs (see	costs (see
						note 8}	note 9}	Totals
						E	E	E
	Church	activities				393,521	19,298	412,819
8.	DIRECT COSTS OF CHARITABLE ACTIVITIES
							2022	2021
							F
	Staff costs						88,7TB	42,547
	Church	running		expenses			90,823	67,341
	Hall running		costs				31,684	27,839
	Church	repairs		&maintenance			51,864	27,537
	Mission	giving		and donations			312	9,574
	Hall repairs		&	maintenance			37,845	8,920
	Parish share						112497	106,908
							393521	290666
							Governance
9.	SUPPORT COSTS
						Finance	costs	Totals
						E		F
	Church	activities				1,330	1~7968	19,298
	Support	costs,		included	in the above, are as follows:
	Finance
							2022	2021
							Church	Total
							activities	activities
								F
	Sank charges						~1330	736
	Governance		costs
							2022	2021
							Church	Total
							activities	activities
							F	E
	Accounting fees						11,628
	Auditors'	remuneration					6,340	5,005
	Auditors'	remuneration			for non audit
	work							1,800
	Legal and professional				fees
							17,968	6,805

		Unrestricted	Restricted	Total
		funds	funds	funds
		F		5
INCOME AND ENDOWMENTS	FRONI
Donations and legacies		168,102	10,309	176,411
Charitable activities
Church activities		53,822	310	54,132
Other trading activities		51,428	50	51,178
investment income		57,755	311	58,066
Other income		24,997	121	25,118
Total		354,104	11,101	365,205
EXPENDITURE ON
Raising funds		853		853
Charitable activities
Church activities		284,532	13,675	298,207
Other expenses expended		1,604		1,604
Total			13,675	300,664
Net gains on investments		62,423		82423
NET INCOMEI(EXPENDITURE)		129,538	(2,574)	126,964
Transfers between funds		9,315	(9,315)
Other recognised gains/(losses)
Gains on revaluation offixed assets
Net movement in funds		138,853	(11,889)	126,964

				Unrestricted	Restricted		Total
				funds E	funds 8		fundsf
RECONCILIATION OF	FUNDS
Total funds brought forward				4,967,289	47,706		5,014,995
TOTAL FUNDS CARRIED FORWARD				5,105,142	35817		5141,050
TANGIBLE FIXEDASSETS
				Fixtures
			Freehold	and
			property F	fittings 8	Equipment 8		Totals 8
COST OR VALUATION
At 1 January 2022			3,5'I8,653	37,664	47,794	3,604,111
Additions				7,185	15,652		22,837
Dieposals Revaluations			~0866)3)	(20,311)	(13,105)	(33,416) ~885,6)3)
At 31 December 2022			2,633,040	24638	50,341	2,707 01S
DEPRECIATION
At 1 January 2022				25,923	26,289		52,212
Charge for year Disposals				1,912 ~)9248)	4,788 ~)3,857)	6,700 ~33,)05)
At 31 December 2022				8,587	17,220		25,807
NET BOOK VALUE
At 31 December 2022			2,633,040	\ ~l)61	33.121	2.882 112
At 31 December 2021			3518.653	11.741	21.505	3551 800
An external valuation of	the freehold		property was carried out by Curchod		&Co, Chartered		Surveyors
&Commercial Property	Agents on	14 March 2023 and a revaluation adjustment has been					recognised
for the year ended 31 December		2022. This valuation		was made in accordance with		the	SORP and
the RICSAppraisal and	Valuation	Manual.

FIXEDASSET INVESTMENTS
	Listed
	investments	Totals
	8	8
MARKET VALUE
At 1 January 2022	248,366	248,366
Disposals	(4,000)	(4,000)
Revaluations	~29,365)	~29,365)
At 31 December 2022	~215001	215,001
NET BOOK VALUE
At 31 December 2022	215,001	2~15 0016
At 31December 2021	248,366	248,366

INVESTMENT PROPERTY
FAIR VALUE
At 1January 2022	458,217
Additions
Disposals
Revaluation	~733217
At 31 December 2022	325,000
NET BOOKVALUE
At 31 December 2022	325,000
At 31 December 2021	433,217

16.	STOCKS
			2022	2021
				E
	Stocks			1,119
1?.	DEBTORS: AMOUNTS	FALLING DUE WITHIN ONE YEAR
			2022	2021
				6
	Trade debtors		4,115	4,403
	Other debtors		54,301
	Tax refunds due			4,368
	Prepayments			~4664
			58,416	13,435
18.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
			2022	2021
				Restated
				6
	Trade creditors		6,751	25,539
	Other creditors		55,237	29,946
			61,988	55,485

	F	OR THE YEAR ENDED 31 DEC	OR THE YEAR ENDED 31 DEC	EMBER 202	2
'I9.	CREDiTORS: AMOUNTS	FALLING DUE AFTER INORE		THAN ONE	YEAR
					2022 6	2021 f
	Other creditors
20.	LOANS
	An analysis ofthe maturity	ofloans is given	below:
					2022	2021
					6	E
	Amounts falling due within	one year on demand:
	Other loans
	Amounts falling between one and two years: Other loans -1-2 years
21.	ANALYSIS OF NET ASSETS BETWEEN FUNDS
					2022	2021
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
				F	F	F
	Fixed assets		2,664,711	17,401	2,682,112	3,551,899
	Investments		540,001		540,001	706,583
	Current assets Current liabilities	8&7,899 ~681).!8)6585)		12,102	900,001 ~6) 988)	916,940 ~33,483)
			403D,623	28,503	4,DD)1,126	6141969

MOVEMENT IN F	UNDS
					Net	Transfers
					movement	between	At
				At 1.1.22	in funds	funds	31.12.22
						5
Unrssti'icted funds
General fund				389,556	(37,516)	(8,195)	343,845
Building fund				4,653,865	(1,018,830)	8,195	3,643,230
Choir (Designated)					200		200
Repair (Designated} Sunday School (Designated)				50,473 12,248	(15,675) ~873)	(2,825)	31,973 11,375
				5,106,142	(1,072,694)	(2,825)	4,030,623
Restricted funds
Fabric, fittings &fine art		fund		5,797	(238)		5,559
Memorial display	fund			1,718			1,718
Choir fund				500	(261)		239
Flower fund				2,726	(964)		1,762
Daisy Smith discretionary		fund		563			563
Daisy Smith music &education			fund	171			171
Homeless fund				2,084			2,084
Small saints fund				46			46
Belfry fund				4,391			4,391
Bells fund Audio/visual fund				2,689 16132	(5,514) ~2162)	2,825	12,970
				35,817	~9,139	2625	295D3
TOTAL FUNDS				5,141,993	~1,081,833}		4:96D,126
Net movement in funds,		included	in the above are as follows:
				Incoming	Resources	Gains and	Movement
				resources	expended	losses	in funds
					6	6	E
Unrestricted funds
General fund				378,207	(387,846)	(27,877)	(37,516)
Building fund						(1,018,830)	(1,018,830)
Choir (Designated)				200			200
Repair (Designated) Sunday School (Designated)				1,645 321	(16,641) ~74)	(679) ~1120)	(15,675) ~873)
				380,373	(404,561)	(1,048,506)	(1,072,694)
Restricted funds
Fabric, fittings &fine art		fund		501	(739)		(238)
Choir fund					(261)		(261)
Flower fund				230	(1,194)		(964}
Bells fund Audio/visual fund					(5,514) ~2,162)		(5,514) ~2,162)
				731	~9,870)		~9,139)
TOTAL FUNDS				381,104	~414 43'I)	(1,048506)	(1,081,833)

BASINGSTOKE PAROCHIAL CHURCH COUNCIL NOTES TO TrIE FINANCNL STATEMENTS- contlnued FOR THE YEAR ENDED 310ECEMBER 2022 22. MOVEMEKf IN FUNDS - contlnu8d Comparativ•4 for movement In funds Tran8f8r8 betwgen furKIs mtsvemènt in funds At 31.1221 At1.1.21 Unrestrlcted funds General fund Building furKI Designated repair Choir (D&Snated> Sunday Schtx)I IO•s(qnat•d) 307.777 4,618,167 41,345 93,490 35.698 {8721 13111 111,7111 389,556 4,653.865 50.473 10,000 311 12 10.715 48 4,987,289 129,538 9.315 5,106,142 Restrkted funds Fabrtc, ffttings & fina art fund mOrts1 dl8pl8y fund Sunday sthool fund T(rty club fund Ch¢Jir fund Fl(werfund D3i8y Smith Lli8credonary fund Daisy Smilh MUS & eduoation lJnd Homfrle fuF Small Baint8 fund BeWry fund Bells fund AudK>fvi8ual fvnd 301 1.718 9.116 211 500 3,404 (504) 5,797 1.718 193 {9.3151 {2111 1678) 2,726 563 171 171 2.105 46 3,651 2.627 17293 121) 740 1149) 4,391 2.689 211 47 7Q6 3151 TOTAL FUNDS 5 014 995 Page 21