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2022-12-31-accounts

The Annual Report

- for 2022 2023

of the Parochial Church Council

of Ss. Peter & Paul, Edenbridge

The PCC is a charity - Registered Charity No. 1133858. Registered with the Charity Commission since 28 January 2010

Introduc)on

The Parish Church of St Peter & St Paul at Edenbridge in Kent has a long history of worship daJng back to the 12th century. It is a Grade I listed Building - being one of the oldest churches within the Diocese of Rochester, a middle-of-the road Anglican community with a strong choral tradiJon. The emphasis is on worship of a high quality and is conducted in person and also livestreamed by Zoom most Sundays. This church has strong links with all the other local churches – Anglican, Roman Catholic, URC, BapJst and Grace Community - through the Edenbridge Churches in Covenant (ECC).

History

The Church building is on a site that has been used for worship from Saxon Jmes and there is evidence that the origins of the structure are Norman (Textus Rofensis 1120). The current building dates, in the main from the 14[th] Century, supported by the daJng of the recently exposed St. Christopher mural to the right of the porch door.

We have only one visible bit of Norman era – at the west end on the north side. It was rebuilt and extended in the early English period. InteresJng features include the tower clock with only an hour hand, the font, the Jacobean pulpit, the alabaster memorial to Nicholas Seliyard and the white marble Richard Jemmet family tombstone, both of which were professionally cleaned during the redecoraJon project in 2020. The East window in the Martyn Chapel was installed in 1908, using stained glass that is a]ributed to the studio of the Arts and Cra^s Pre-Raphaelite arJst Edward BurneJones. The Nave’s stained-glass window by Howard Kempe is of a superior quality and slightly earlier, depicJng Christ on a green cross represenJng ‘renewal.’

Administra)ve informa)on

St Peter and St Paul's Church building & churchyard is in Church Street, Edenbridge TN8 5BD within stone walls. Correspondence should be addressed to the Rev'd Dr S. A. J. Mitchell, Parish Office, The Vicarage, Mill Hill, Edenbridge, Kent TN8 5DA.

The Parish is ably assisted by the Parish Administrator - Andrea Shipwright - who conJnues to provide an invaluable service to Fr Stephen and the Churchwardens creaJng the weekly pew sheet and distribuJng it by email, liaising with funeral directors and Diocesan departments, answering queries and many other tasks required to ensure the Parish funcJons efficiently and smoothly.

1

Parochial Church Council (PCC)

Anyone who a]ends the church is encouraged to register on the Electoral Roll and stand for elecJon to the PCC. The PCC members who have served the last calendar and financial year are as follows:

Vicar & Chairman The Reverend Dr Stephen A J Mitchell SSC
Churchwarden and Vice Chair
Mrs Terri Scanes (to May 2023)
Churchwarden Mrs Jacquie Hill (to May 2023)
Secretary Kathleen Skinner (& PCC member to APCM 2024)
Treasurer Graham Shewell
_Elected Members (Trustees):- _
Richard Cain (to APCM 2022)
Rachel Cooper (to APCM 2022)
Jane Wroe (to APCM 2022)
Jane Brown (to APCM 2023, also Minute Secretary)
Susan Oldfeld (to APCM 2023, Pastoral Assistant & Deanery Synod Rep)
Hilary Morgan (to APCM 2023, also Lay Reader & Deanery Synod Rep)
Val BanJn (to APCM 2024)
Fiona Glidewell (to APCM 2024, also Safeguarding Ofcer)
Julie Johnson (to APCM 2024)
Paul Baker (to APCM 2024 as Diocesan Synod Rep)
Alan Smart (to APCM 2024)
Richard Dyson (to APCM 2025)
Carole Webster (to APCM 2025)
Anthea Staples (to APCM 2025, also Lay Reader)

Structure, governance and management - Members of the Parochial Church Council (PCC) are either elected at the Annual Parochial Church MeeJng (APCM) or co-opted by the PCC for a parJcular purpose in accordance with the Church RepresentaJon Rules. The PCC Treasurer is Graham Shewell of Plaxtol, Hilary Morgan and Anthea Staples – Lay Readers and Fiona Glidewell is our Safeguarding

PCC members as trustees, are responsible for deciding on all ma]ers of general concern and importance to the Parish including how PCC funds are spent. The Treasurer and Churchwardens would like to acknowledge the invaluable help that Jane Cain provides as Assistant Treasurer in dealing with all aspects of finance - bookkeeping, stewardship and gi^ aid - paying in money received, and so many other ‘behind the scenes’ acJviJes.

To meet its wide responsibiliJes the PCC has a number of sub-commi]ees, each of which deals with a parJcular aspect of Parish life and normally meet between full meeJngs of the PCC according to their needs. The sub-commi]ees report to every PCC meeJng either by wri]en or verbal means.

St. Peter & St Paul’s PCC has the responsibility of co-operaJng with the incumbent, the Rev’d Dr Stephen A J Mitchell, in promoJng within the Parish, the whole mission of the Church: pastoral, evangelisJc, social and ecumenical. The PCC also has maintenance responsibiliJes for the Vicarage and the St Paulinus Church Hall in Hillcrest Road, Marlpit Hill, Edenbridge.

2

Objec)ves and Ac)vi)es

The PCC is commi]ed to enabling as many people as possible to worship at the church and to acJvely become part of our Parish community. Services and worship put faith into pracJce through prayer and scripture, music and sacrament. We try to enable ordinary people to live out their faith as part of our Parish community through worship and prayer, nurturing, outreach work and pastoral care for individuals living in the parish. Detailed objecJves of the PCC conJnue to build on iniJaJves started in previous years, under the framework of our Mission Statement.

These are: -

To facilitate this work, it is important the PCC maintains the fabric of the Church building of St Peter & St Paul, so that the building can be a central focus and meeJng place for Parish acJviJes whether religious or secular. We work hard to maintain viability and use the Jme and talents of volunteers as well as we can and value the commitment from all volunteers and of course Fr. Stephen to the Parish.

The PCC appointed Fiona Glidewell as the Parish Safeguarding Officer for another year and her annual report is included in the Sundry reports for the Annual Parish General MeeJng. The public noJces ‘PromoJng a Safer Church’ around the building display Fiona’s contact details and those of Sue Oldfield and Hilary Morgan as the other nominated points of contact. The PCC have complied with the duty to have regard to the House of Bishops’ guidance on safeguarding children and vulnerable adults under secJon 5 of the Safeguarding and Clergy Discipline Measure 2016 ensuring all those from the congregaJon working with or near to these groups have undertaken the relevant training. A number of on-line trainings at many levels – basic awareness, foundaJon and leadership, safer recruitment and people management, along with raising awareness of domesJc abuse have been undertaken by volunteers within the church community and DBS checks have been carried out where required.

Achievements and performance

Worship and Prayer : The main service of the week is the Sunday 9.30am Eucharist. OpportuniJes for worship are also offered at an 8am communion service on Sundays and at Evensong and Wednesday morning Eucharist worship at 10.30am. We have been able to hold an 11am ‘All Age’ service on the first Sunday of the month which draws in a number of young families and their children for prayer, singing and cra^s, and recently have parJcipated in joint family services – Harvest, Epiphany and Mothering Sunday.

The Junior Choir conJnues to go from strength to strength under the guidance of Fiona who is taking them through training to achieving the pale blue, dark blue and red ribbon awards in choral singing.

For the year ending 2022 there were 165 parishioners in the Church Electoral Roll. The annual Statement of Mission survey for the Diocese was completed in January 2023 accurately reflecJng the impact that zooming and actual a]endance had on our congregaJon numbers and the whole country.

3

In the last year, there have been three weddings, a Service of Blessing, 12 bapJsms and 23 funerals held in this church – ably guided by George Lincoln and Paul Baker as Vergers.

The ChrisJngle service, held in the a^ernoon of Christmas Eve was again challenging as it was very popular with a limit of 250 a]ending with admission by Jcket only. Community special events included the Primary School’s Christmas carol rehearsal and two services in the Church leading up to the end of term. Remembrance Sunday started with a wreath laying at the hospital’s War Memorial service at 11am followed by a Service of Remembrance in the a^ernoon.

Rev. David Flagg has conJnued to support Fr. Stephen by conducJng a number of Services on Sundays and Wednesdays. Julian Knight has been responsible for most of the unlocking and closing tasks, with some help from the church wardens enabling the Church to be open for private prayer and spiritual contemplaJon daily usually between 9 and 5pm every day of the week.

Pastoral Care and Outreach : The Church has three Lay Readers – Barbara Mitchell, Hilary Morgan and Anthea Staples, two Pastoral Assistants – Sue Oldfield and George Lincoln, and an ‘Anna Chaplain - Val BanJn - who form the Ministry Team to assist the Vicar. Some members of our Parish who are unable to a]end church due to sickness or infirmity have been given communion by Fr. Stephen either at home, or in Stanholm or recently at Edenbridge Manor. We conJnue to support the Food Bank through edible gi^s from the congregaJon using a donaJon box in the BapJstry which is collected weekly by Hilary Morgan and taken to Rickards Hall for distribuJon. The generous donaJons at the Harvest FesJval and Epiphany services were much appreciated by the Food Bank which operates out of Rickards Hall on Tuesday mornings under the guidance of Dave White of the Grace Church.

The Churchwardens and Fr. Stephen arranged for signed cards and Advent booklets to be sent out at Christmas to all those on the Electoral Roll. This was followed by Lenten booklets (and cards made by Barbara Mitchell) to specified members of the community in February.

The weekly pew sheets are compiled by Andrea and emailed out to all on the GDPR e-mail lists she holds. Val BanJn provides copies of the pew sheet and worship at home leaflets to those not able to receive emails. The monthly Parish Newsle]er is sJll being produced by John Nupng and again emailed to the congregaJon. The church website is maintained by Richard Cain. Social fundraising events have been popular – the numerous coffee mornings, Queen’s Jubilee pop-up tearoom, Michaelmas Fair, Winter Fair, Harvest and the recent Edenbridge ECO ExhibiJon.

Ecumenical Rela)onships : St Peter & St Paul’s Church is a member of the Edenbridge Churches in Covenant (ECC). Members are from Holy Trinity Church in Crockham Hill, The United Reformed Church at Marsh Green, St. Lawrence’s Roman Catholic Church, The Grace Community, Eden BapJst Church and the Three Spires Benefice of Four Elms, Hever and Mark Beech villages.

Volunteers : Our incumbent, Church Wardens and PCC as always, are extremely grateful to all the members of the church community who work hard to ensure that our ministry and stewardship is maintained. These include – the Choir, Intercession leaders and Lesson readers, The Flower Guild, Sidesmen, Sacristans, cleaning and caretaking teams and many others who help at various events

BRIDGES: We have three Trustees on the board of ‘BRIDGES’ (charity No 1029169) – Chairman Richard Dyson, Sue Oldfield and Barbara Abel - a local ecumenical Pop-in Centre & Community Cafe in Edenbridge High Street, operaJng with reduced hours due to post-covid volunteer staffing challenges.

Community : We conJnue to contribute financially to the employment of the ecumenical Youth Worker – Anthony Shipwright through the Eden ChrisJan Trust - registered Charity No.1001961,

4

chaired by Tim Hill. ECT’s work with the young members of the congregaJon greatly enhances the engagement of young people in the Church communiJes and in the development of their faith.

St. Paulinus Hall: The St Paulinus Church Centre at Marlpit Hill, which is let to several community groups and a local pre-school, is managed by a sub-commi]ee of the PCC. Its income is used for maintenance and electrical work.

Maintenance: The annual tasks of servicing the boilers, CCTV, glass doors, lightning conductor, fire exJnguishers and Portable Appliance tesJng have been carried out recently. A leak in the roof above the Vicars’ Vestry lobby was invesJgated and found to be due to the gnawing of squirrels on the lead on the roof causing holes which permi]ed rainwater to permeate through the apc and ceiling. This was repaired and the bill picked up by the Friends of Edenbridge Church to whom we are most grateful.

Finance Review:

Going Concern Status: We have sufficient non-restricted funds to ensure that there is no risk in the next Financial Year in terms of our liabiliJes and therefore we will remain a going concern. Our Financial Statements have therefore been prepared on this basis. The Trustees will conJnue to monitor this status annually.

Non-restricted Funds: The Non-restricted Funds surplus decreased by £16,543 in 2022 (Unrestricted by £2,373 and Designated by £14,170). This is due to significant losses in Investments’ valuaJon.

Unrestricted Fund : The Unrestricted Fund was £31,383 on 31[st] December 2022 with deficit of £2,373 (Budgeted deficit of £4,000). A budget deficit of £9,500 is forecast for 2023. To maintain this the PCC agreed to pledge £65,000 as our Parish Offer which is again significantly less than the Diocesan ‘calculated offer request’ of £74,664. The PCC understands the seriousness of this situaJon and will conJnue to review during 2023.

Income: The Unrestricted Fund income shows an increase of £962 to £101,656 in 2022.

Expenditure: The General Fund expenditure shows an increase of £2,470 to £105,486 in 2022 - an increase of only 2.4% in a difficult year.

Investments : The total Investment valuaJon (All Funds) decreased by £20,127 to £215,154 (8.5%).

Risk Management: The PCC manages risk by adherence to a clear set of financial controls which are reviewed annually to respond to any changed circumstances. There were no incidents during 2022 which put the PCC at financial risk.

Reserves Policy: It is PCC policy to maintain a balance in the Unrestricted Fund that equates to at least three months Unrestricted Fund payments. In 2022 this was equivalent to £26,372. Reserves are held to cover emergency situaJons and to aid cash flow. At the end of 2022 this target was exceeded, and the reserve stood at £31,383. Reserves are also held on Designated Funds as follows:

Signed by ……………………………………………………………………………………. Date ………………………………………

The Reverend Dr Stephen A J Mitchell SSC Chairman of Edenbridge Parish Church Parochial Church Council

5

Ss Peter & Paul's Church, Edenbridge Registered Charity No. 1133858

Financial Statements of the Parochial Church Council

for the year ended 31st December 2022

Incumbent:

The Rev'd Dr. Stephen Mitchell SSC The Vicarage Mill Hill Edenbridge Kent TN8 5DA

Bank: HSBC Plc 38 London Road East Grinstead West Sussex RH19 1AB

Independent Examiner:

Joanna Tawse FCA Northview The Street Plaxtol TN15 0QJ

EDENBRIDGE PAROCHIAL CHURCH COUNCIL

INDEX TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022

Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Accounts		 Page
1
2
3
4 - 13

INDEPENDENT EXAMINER'S REPORT TO EDENBRIDGE PAROCHIAL CHURCH COUNCIL

I report on the accounts of the Parochial Church Council for the year ended 31[st] December 2022 which are set out on pages 2 to 13.

Respective responsibilities of the PCC and the Examiner

As members of the Parochial Church Council you are responsible for the preparation of the Accounts. You consider that the audit requirements of section 144(2) of the Charities Act 2011 do not apply and that an independent examination is needed.

It is my responsibility to

Basis of Independent Examiner's Report

My examination was carried out in accordance with the General Directions given by the Charity Commission.

That examination includes a review of the accounting records kept by the Parochial Church Council and a comparison of the accounts with those records. It also includes considering any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statements below.

Independent Examiner's Statement

In connection with my examination, no matter has come to my attention:

  1. which give me reasonable cause to believe that in any material respect the requirementsto keep accounting records in accordance with section 130 of the 2011 Act; and to prepare accounts which accord with these accounting records and comply with the accounting requirements of the 2011 Act have not been met; or

  2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signature .................................................................... Date

................................................

1

PAROCHIAL CHURCH COUNCIL OF ST PETER & ST PAUL EDENBRIDGE

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022

TOTAL TOTAL
Unrestricted Designated Restricted Endowment FUNDS FUNDS
Notes Funds Funds Funds Funds 2022 2021
£ £ £ £ £ £
Income and Endowments
Voluntary income 2a 77,921 1,530 26,779 - 106,231 149,122
Activities for generating funds 2b 10,475 10,507 5,018 - 25,999 25,126
Income from investments 2c 8,372 170 978 - 9,520 8,553
Church activities 2d 4,889 - - - 4,889 5,292
Total income 101,656 12,207 32,776 - 146,639 188,094
Expenditure
Raising funds 3a 922 9,179 2,260 - 12,361 8,443
Church activities 3b 104,564 2,299 31,255 - 138,118 177,559
Total expenditure 105,486 11,478 33,515 - 150,479 186,002
Net Income/(Expenditure) before
investment gains/(losses)		 (3,830) 729 (739) - (3,840) 13,203
Net gains/losses on investments 6 (736) (14,898) (4,388) (105) (20,127) 28,543
Net Income/(Expenditure) (4,565) (14,169) (5,127) (105) (23,967) 30,635
Net transfers between funds - transfers in 2,192 - - - 2,192 2,414
Net transfers between funds - transfers out - - (2,192) - (2,192) (2,414)
Gains/(losses) on revaluation of tangible
fixed assets		 5 - - - - - -
Net movement in funds (2,373) (14,169) (7,319) (105) (23,967) 30,635
Total funds brought forward 33,756 663,812 64,815 890 763,273 732,638
Total funds carried forward 10 31,383 649,642 57,496 785 739,306 763,273

There are minor discrepancies in totals throughout due to rounding.

2

PAROCHIAL CHURCH COUNCIL OF ST PETER & ST PAUL EDENBRIDGE

BALANCE SHEET AT 31 DECEMBER 2022

Notes
Fixed assets
Tangible fixed assets
5
Investments
6
Total fixed assets
Current assets
Debtors and Prepayments
7
Cash at bank and in hand
9
Creditors: amounts falling due within one year
8
Net current assets
NET ASSETS
Funds
Endowment funds
10
Restricted funds
10
Designated Funds
10
Unrestricted funds
10		 2022
£
403,190
215,153
618,344
3,848
127,139
130,988
(10,025)
120,963
739,306
785
57,496
649,642
31,383
739,306		 2021
£
404,768
235,280
640,048
16,272
109,297
125,568
(2,343)
123,225
763,273
890
64,815
663,812
33,756
763,273

Approved by the Parochial Church Council on 20th March 2023 and signed on its behalf

The Rev'd Dr Stephen Mitchell Chairman

The accompanying notes form a part of these financial statements.

3

PAROCHIAL CHURCH COUNCIL OF ST PETER & ST PAUL EDENBRIDGE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

a Basis of preparation

The PCC is a public benefit entity within the meaning of FRS102. The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCs, and with the Regulations' "true and fair view" provisions. They have been prepared under FRS102 (2016) as the applicable accounting standards and the 2016 version of the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP(FRS102)).

The financial statements have been prepared on the basis that the PCC is a going concern for the foreseeable future. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body, nor those which are informal gatherings of church members.

b Funds

Funds held by the PCC are:

Unrestricted funds - general funds which can be used for PCC ordinary purposes.

Designated funds - monies set aside by the PCC out of unrestricted funds for specific purposes or projects.

Restricted funds -

a) income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest;

b) donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of the year is carried forward as a balance on that fund.

Endowment funds - funds, the capital of which must be maintained; only income arising from the investment of the endowment may be used, either as restricted or unrestricted funds, depending on the purpose set out in the terms of the original endowment.

c Income and Endowments

All income and endowments are accounted for gross.

Voluntary income

Income from investments

Dividends are accounted for when due and payable. Interest entitlements are accounted for as they accrue.

All other income

All other income is recognised when it is receivable.

Gains and losses on investments

Realised gains are recognised when the investments are sold. Unrealised gains and losses are accounted for on revaluation on 31 December.

4

PAROCHIAL CHURCH COUNCIL OF ST PETER & ST PAUL EDENBRIDGE

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies (continued)

d Expenditure

Expenditure is accounted for gross.

Grants

Grants and donations are accounted for when paid over, or when awarded where the award creates a constructive obligation on the PCC.

Church Activities

The diocesan parish contribution is accounted for when paid. Any parish contribution unpaid at 31 December is provided for in these accounts as an operational (though not a legal) liability and is shown as a creditor in the balance sheet.

e Fixed Assets

Tangible fixed assets

Consecrated and benefice property . In so far as consecrated and benefice property of any kind is excluded from the statutory definition of 'charity' by Section 10(2) (a) and (c) of the Charities Act 2011, such assets are not capitalised in the financial statements.

Movable church furnishings held by the Vicar and Churchwardens on special trust for the PCC and which require a faculty for disposal, are accounted as inalienable property unless consecrated. They are listed in the church's inventory which can be inspected. For inalienable property acquired prior to 1 January 2006 there is insufficient cost information available and therefore such assets are not valued in the accounts. Individual items acquired since 1 January 2006 have been capitalised in the accounts and depreciated over their useful economic life (see below).

Tangible fixed assets for use by the PCC. These are capitalised if they can be used for more than one year, and cost at least £1,000.

Depreciation is calculated to write off the capital cost of fixed assets less their currently anticipated residual fair value over their estimated useful lives as follows:

CCTV & sound system 5 years Staging equipment 10 years

No depreciation is provided on freehold buildings as the currently estimated residual value of the property is not less than its carrying value and the remaining useful life of this asset currently exceeds 50 years, so that any depreciation charges would be immaterial.

An impairment review is carried out at each year-end and any resultant loss is included in expenditure for the year.

Investments

Investments are stated at market value at the balance sheet date.

f Current Assets

Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectable.

5

PAROCHIAL CHURCH COUNCIL OF ST PETER & ST PAUL EDENBRIDGE

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2022

2 Income and Endowments

a
Voluntary income
Planned giving - gift aid
Income tax recoverable on planned giving
Other planned giving
Collections
Donations and appeals
Income tax recoverable on donations and appeals
Grants
Legacies
b
Activities for generating funds
St Paulinus lettings to non church organisations
Bookstall sales and Parish Magazine
Wedding flowers
Church lettings
Fetes, bazaars and other fund-raising events
c
Income from investments
Rental of investment property
Dividends and interest
d
Church Activities
Bookstall sales to promote objectives
Social events
Fees from weddings etc
Total income*		 TOTAL
TOTAL
General
Designated
Restricted
Endowment
FUNDS
FUNDS
Fund
Funds
Funds
Funds
2022
2021
£
£
£
£
£
£
42,377
-
-
-
42,377
45,071
10,594
-
-
-
10,594
11,260
16,199
-
-
-
16,199
15,077
3,373
301
-
-
3,675
2,148
2,561
1,077
1,328
-
4,966
56,348
1,822
153
161
-
2,135
1,734
626
-
25,291
-
25,917
17,484
367
-
-
-
367
-
77,921
1,530
26,779
-
106,231
149,122
-
10,507
-
-
10,507
9,846
69
-
-
-
69
32
-
-
730
-
730
395
127
-
-
-
127
-
10,278
-
4,288
-
14,566
14,853
10,475
10,507
5,018
-
25,999
25,126
350
-
-
-
350
350
8,022
170
978
-
9,170
8,203
8,372
170
978
-
9,520
8,553
56
-
-
-
56
252
341
-
-
-
341
96
4,492
-
-
-
4,492
4,944
4,889
-
-
-
4,889
5,292
101,656
12,207
32,776
-
146,639
188,094

* includes GASDS (gift aid small donations scheme) recovery

6

PAROCHIAL CHURCH COUNCIL OF ST PETER & ST PAUL EDENBRIDGE

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2022

3
a
b		 Expenditure
Raising funds
Stewardship costs
Costs relating to St Paulinus lettings
Fund raising events
Church Activities
i. Missionary and charitable giving (Note 11):
Giving to missionary socities
Giving to relief and development agencies
Home Mission
Giving to secular charities
ECT
ii. Ministry costs:
Diocesan Contribution
Working expenses
Vicarage expenses
Lay Staff
iii. Church running expenses:
Electricity
Gas
Water & drainage
Telephone
Insurance
Cleaning
Maintenance
Major works, installations & decorations
iv. Upkeep of services:
Sacristy etc
Organ (inc piano)
Organist /Choir Director fees & visiting organists
Choir & music
Flowers
v. Bank charges
vi. Social event costs
vii. Training, Mission & Education costs
viii. Administrator salary and on costs
ix. Administration + Church Office costs
x. Depreciation
Total Expenditure		 TOTAL
TOTAL
General
Designated
Restricted
Endowment
FUNDS
FUNDS
Fund
Funds
Funds
Funds
2022
2021
£
£
£
£
£
£
24
2
-
-
26
112
-
9,178
-
-
9,178
4,905
899
-
2,260
-
3,158
3,425
922
9,179
2,260
-
12,361
8,443
500
-
220
-
720
703
900
-
166
-
1,066
-
1,600
-
-
-
1,600
1,156
250
-
309
-
559
250
4,992
-
-
-
4,992
4,992
55,500
-
3,000
-
58,500
54,500
-
-
-
-
-
-
4,015
-
-
-
4,015
3,890
240
-
-
-
240
72
440
137
-
-
578
1,847
1,523
119
-
-
1,642
1,750
184
33
-
-
218
294
572
-
-
-
572
570
5,561
78
-
-
5,639
5,460
125
70
-
-
195
402
3,255
126
3,250
-
6,631
8,425
605
434
22,465
-
23,504
67,305
1,811
-
16
-
1,827
1,728
1,361
-
-
-
1,361
1,320
6,475
-
-
-
6,475
4,495
741
-
-
-
741
486
-
-
1,696
-
1,696
1,488
213
-
-
-
213
1
246
-
-
-
246
288
633
-
135
-
768
970
10,855
-
-
-
10,855
10,080
1,664
25
-
-
1,689
2,772
301
1,276
-
-
1,578
2,316
104,564
2,299
31,255
-
138,118
177,559
105,486
11,478
33,515
-
150,479
186,002

7

PAROCHIAL CHURCH COUNCIL OF ST PETER & ST PAUL EDENBRIDGE

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2022

4 Staff costs

2022 2021
a Wages and salaries £ £
Parish Secretary Salary 10,272 9,607

During the year the Parochial Church Council employed a part time Parish Secretary

b Payments to Related Parties

The following PCC members and connected persons received payment as follows: SH Carpentry & Building (business owned by stepson of PCC member) received £3850.00 for two building work/maintenace jobs during the year which were undertook in the course of their business. There were no other payments made to any PCC member, persons connected to them or related parties. There were no claims for expenses from PCC members made during the year.

5 Tangible fixed assets
Cost or valuation
At 1 January 2022
Additions
Disposals
Revaluation
At 31 December 2022
Depreciation
see note 1e
At 1 January 2022
Provided in the year
Disposals
At 31 December 2022
Net book amounts
At 31 December 2022
At 31 December 2021		 Freehold land
Staging
Sound
CCTV
TOTAL
and buildings
System
System
£
£
£
£
£
400,000
3,015
2,571
3,810
409,396
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
400,000
3,015
2,571
3,810
409,396
-
1,809
2,057
762
4,628
-
301
514
762
1,578
-
-
-
-
-
-
2,110
2,571
1,524
6,205
400,000
904
-
2,286
403,190
400,000
1,206
514
3,048
404,768

The freehold land and buildings comprise St Paulinus Church Centre and land in Hillcrest Road. In 2011 the PCC reassessed the rationale behind depreciating the St Paulinus Centre, which had been carried out for some time. It was agreed that as it was a building of character and kept in good repair it therefore had a long useable life. In addition the accumulated depreciation to date is not material to the financial statements and the residual value of the land was significantly higher than the value of the building.

The whole site was valued in 2016 and a revaluation gain of £100,000 has been recognised in the Statement of Financial Activities for the year ended 31 December 2016. The next revaluation was scheduled to take place in 2021 but difficulties with contacting estate agents and arranging the necessary site visits has resulted in the revaluation being postponed again to 2023.

8

PAROCHIAL CHURCH COUNCIL OF ST PETER & ST PAUL EDENBRIDGE

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2022

6 Investments
At 1 January 2022
Disposals at carrying value
Purchases at cost
Brought in as gift
Net gains and revaluation
At 31 December 2022		 Unrestricted
Designated
Funds
Funds
£
£
15,114
181,998
-
-
-
-
-
-
(736)
(14,898)		 Restricted
Endowment
Total
Funds
Funds
£
£
£
37,278
890
235,280
-
-
-
-
-
-
-
-
-
(4,388)
(105)
(20,127)		 Restricted
Endowment
Total
Funds
Funds
£
£
£
37,278
890
235,280
-
-
-
-
-
-
-
-
-
(4,388)
(105)
(20,127)
14,378
167,100		 32,890
785
215,153
The following investments are held by the PCC
M&G Charifund
CBF Investment Funds - Vicar &
Churchwarden
CBF Investment Funds - Vicar &
Churchwarden
FP CAF UK Equity Fund B Income
Holding Fund
Capital Projects Designated,
income mandated to General
Vicar and Churchwarden
Restricted
General, Unrestricted
Capital Projects, Designated,
income mandated to General		 Cost or brought in
value
Units
£
45,000
6,762
99,369
15,970
1,592
32,890
8,599
857
17,710
8,113
8,970
14,378
164,347
164,347
Cost or brought in value
Units
£
CBF Investment Fund - Chancel
(purpose: chancel repairs )
26
38
785
CBF Investment Fund - Parsonage
(general purposes)
10,010
2,421
50,021
50,806
Holding Fund
Endowment, income mandated
to CRF Designated
Capital Projects Designated,
income mandated to General
The following investments belong to the PCC but are held by the diocese in trust and relate to endowments or permanent trusts where the
income is mandated to the Parochial Church Council for the purposes listed.
50,806
Total Investments
215,153
6 Investments
At 1 January 2022
Disposals at carrying value
Purchases at cost
Brought in as gift
Net gains and revaluation
At 31 December 2022		 Unrestricted
Designated
Funds
Funds
£
£
15,114
181,998
-
-
-
-
-
-
(736)
(14,898)		 Restricted
Endowment
Total
Funds
Funds
£
£
£
37,278
890
235,280
-
-
-
-
-
-
-
-
-
(4,388)
(105)
(20,127)		 Restricted
Endowment
Total
Funds
Funds
£
£
£
37,278
890
235,280
-
-
-
-
-
-
-
-
-
(4,388)
(105)
(20,127)
14,378
167,100		 32,890
785
215,153
The following investments are held by the PCC
M&G Charifund
CBF Investment Funds - Vicar &
Churchwarden
CBF Investment Funds - Vicar &
Churchwarden
FP CAF UK Equity Fund B Income
Holding Fund
Capital Projects Designated,
income mandated to General
Vicar and Churchwarden
Restricted
General, Unrestricted
Capital Projects, Designated,
income mandated to General		 Cost or brought in
value
Units
£
45,000
6,762
99,369
15,970
1,592
32,890
8,599
857
17,710
8,113
8,970
14,378
164,347
164,347
Cost or brought in value
Units
£
CBF Investment Fund - Chancel
(purpose: chancel repairs )
26
38
785
CBF Investment Fund - Parsonage
(general purposes)
10,010
2,421
50,021
50,806
Holding Fund
Endowment, income mandated
to CRF Designated
Capital Projects Designated,
income mandated to General
The following investments belong to the PCC but are held by the diocese in trust and relate to endowments or permanent trusts where the
income is mandated to the Parochial Church Council for the purposes listed.
50,806
Total Investments
215,153

9

PAROCHIAL CHURCH COUNCIL OF ST PETER & ST PAUL EDENBRIDGE

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2022

7 Debtors & Prepayments

Debtors & Prepayments
Income tax recoverable
Prepayments
Other debtors		 2022
2021
£
£
2,062
1,169
848
3,679
939
11,423
3,848
16,272

8 Creditors

Creditors
Accruals for utilities and other costs
Deferred income
Other creditors		 2022
2021
£
£
2,105
646
6,036
-
1,883
1,698
10,025
2,343

9 Analysis of Net assets by fund

Analysis of Net assets by fund

Fixed assets for church use
Investment fixed assets
Cash at bank and in hand
Debtors & prepayments
Current liabilities		 General
unrestricted
Designated
unrestricted
Restricted
Endowment
Total Funds
Total Funds
Funds
Funds
Funds
Funds
2022
2021
£
£
£
£
£
904
402,286
-
-
403,190
404,768
14,378
167,100
32,890
785
215,153
235,280
15,097
80,999
31,043
-
127,139
109,297
2,811
-
1,038
-
3,848
16,272
(1,807)
(743)
(7,474)
-
(10,025)
(2,343)
31,383
649,642
57,496
785
739,306
763,273

10

PAROCHIAL CHURCH COUNCIL OF ST PETER & ST PAUL EDENBRIDGE

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2022

10 Statement of funds

At Other At
1 Jan 2022 Income Expenditure Transfers gains/(losses) 31 Dec 2022
£ £ £ £ £ £
Unrestricted Funds - undesignated
General 33,756 101,656 (105,486) 2,192 (736) 31,383
33,756 101,656 (105,486) 2,192 (736) 31,383
Unrestricted Funds - designated
Bland - 1,530 (2) - - 1,528
Casey 18,270 - (762) - - 17,508
Capital Projects 583,807 20 0 - (14,898) 568,929
Church Repair 25,745 150 0 - - 25,895
Clock 3 - (3) - - -
Meadows Legacy 14,316 - (514) - - 13,801
Projector 952 - 0 - - 952
St Paulinus 20,719 10,507 (10,197) - - 21,029
663,812 12,207 (11,478) - (14,898) 649,642
Restricted Funds
Bells - 20 0 - - 20
Charitable Appeals - 694 (694) - - -
Chaplaincy - 3,000 (3,000) - - -
Choir - 328 (198) - - 130
Club 3,188 3,960 (2,062) (2,192) - 2,894
Flower 754 1,505 (1,716) - - 543
Friends 16,607 22,291 (22,715) - - 16,183
Porch 3,000 - (3,000) - - -
Projector 17 - (16) - - 1
Vicar & Churchwarden
40,349		 978 (115) - (4,388) 36,824
Vicar's Discretionary 901 - - - - 901
64,815 32,776 (33,515) (2,192) (4,388) 57,496
Endowment Funds
Chancel repair 890 - - - (105) 785
890 - - - (105) 785
Total funds 763,273 146,639 (150,479) - (20,127) 739,306

The designated funds comprise:

The Casey Fund. This fund, resulting from a substantial donation, was established to track the expenditure attached to it by the PCC.

The Capital Projects Fund . This Fund comprises the land and buildings in Hillcrest Road and the remainder of the investments resulting from the sale of Church House investments. Some time ago the PCC designated this Fund for Capital Projects and major repairs.

The Church Repair Fund. is a deposit account held with the Rochester Diocesan Board of Finance and has been designated by the PCC for the repair of the church building. The PCC may decide to add to this Fund in anticipation of future repairs when any money becomes available.

The Clock Fund. This Fund was established to handle money set aside by the PCC towards the future repair of the tower clock. This fund is now closed.

Meadows Legacy Fund . This Fund was established to hold monies and left as an unrestricted legacy until such time as the PCC decides how to expend the monies.

The Projector Fund. Was established to handle a single unrestricted donation, designated by the PCC for expenditure on the projector and other all age worship expenses

The St Paulinus Fund. This Fund holds monies received and expended on the running of the St Paulinus Church Centre. At the end of the financial year the PCC may agree to remove the designation on part of the reserve of this fund to the General Fund as Hall 'profit'.

The endowment funds comprise:

Chancel Repair Fund. The income from this Endowment is mandated to the Church Repair Fund.

.

11

PAROCHIAL CHURCH COUNCIL OF ST PETER & ST PAUL EDENBRIDGE

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2022

10 Statement of funds (continued)

The restricted funds comprise:

Bells, Choir, Projector & Porch Funds. These Funds were established to handle income restricted towards specific expenditure.

Charitable Appeals Fund The monies held in this Fund arise from special appeals held from time to time for current local, national and international requests for aid.

Chaplaincy Fund This fund was established to handle the restricted annual grant from The Edenbridge Hospital League of Friends and subsequent expenditure.

Club Fund This Fund was established to handle subcriptions to the 100 club and payment of winnings. Half of the annual income is payable to the General Fund in October each year.

Flower Fund The monies held in this Fund comprise sundry donations, monies raised by fund-raising and fees for wedding flowers. All expenditure is on flowers and floristry requisites for weddings, occasional flower festivals and upkeep of regular services.

Friends Fund This Fund was established to handle the grants awarded by the Friends of Edenbridge Parish Church, towards repairs and maintenance works, and the associated expenditure.

Vicar & Churchwarden Fund This Fund was set up in 2011 to receive the monies and investments granted to the PCC by the Vicar and Churchwardens on the winding up of the Vicar & Churchwardens Trust.

Vicar's Discretionary Fund The monies held in this Fund may be expended by the Vicar at his discretion to the needy of the parish, without reference to the PCC.

11 Missionary and charitable giving

See note 3bi

£ Notes
Name of charity
BRIDGES 1,000
Church Mission Society 500
Eden Christian Trust 4,992
Friends of Edenbridge & Westerham CAB 250
Friends of Kent Churches 100
Friends of Sick Children Malawi 225
Poverty & Hope 2021 220
Royal British Legion 84
St Barnabus College 500
Ukraine Appeal 900
Unicef Yemen Appeal 166
8,936
The following amount was collected but not paid out in 2022
Friends of Sick Children Malawi 1 held in agency account
Black Box collection 146 held in agency account
Rebuild Moldova 273 held in agency account
Ukraine Appeal 10 held in agency account
429
Additional Charitable Giving not entered through accounts (collections banked directly with receiving charity)
Poverty & Hope 2022 540
Children's Society Christingle 420
960

12

PAROCHIAL CHURCH COUNCIL OF ST PETER & ST PAUL EDENBRIDGE

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2022

12 Prior period comparative SOFA restated following transition to FRS 102

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021

TOTAL
TOTAL
Unrestricted
Restricted
Endowment
FUNDS
FUNDS
Notes Funds
Funds
Funds
2021
2020
£
£
£
£
£
Income and Endowments
Voluntary income
2a
139,836
9,286
-
149,122
336,447
Activities for generating funds
2b
20,546
4,580
-
25,126
22,257
Income from investments
2c
7,607
946
-
8,553
8,100
Church activities
2d
5,292
-
-
5,292
1,943
Total income
173,282
14,812
-
188,094
368,747
Expenditure
Raising funds
3a
6,532
1,911
-
8,443
15,829
Church activities
3b
142,475
35,085
-
177,559
339,716
Total expenditure
149,007
36,995
-
186,002
355,545
24,275
(22,183)
-
2,092
13,203
Net gains/losses on investments
6
23,766
4,665
111
28,542
(13,906)
Net Income/(Expenditure)
48,041
(17,518)
111
30,635
(704)
Net Transfers between funds - transfers in
4,331
137
-
4,468
2,414
Net Transfers between funds - transfers out
(2,402)
(2,067)
-
(4,468)
(2,414)
Gains/(losses) on revaluation of tangible fixed assets
5
-
-
-
-
-
Net movement in funds
49,970
(19,447)
111
30,635
(704)
Total funds brought forward
647,597
84,262
778
732,638
733,342
Total funds carried forward
10
697,568
64,815
890
763,273
732,638
Net Income/(Expenditure) before investment
gains/(losses)		 TOTAL
TOTAL
Unrestricted
Restricted
Endowment
FUNDS
FUNDS
Notes Funds
Funds
Funds
2021
2020
£
£
£
£
£
Income and Endowments
Voluntary income
2a
139,836
9,286
-
149,122
336,447
Activities for generating funds
2b
20,546
4,580
-
25,126
22,257
Income from investments
2c
7,607
946
-
8,553
8,100
Church activities
2d
5,292
-
-
5,292
1,943
Total income
173,282
14,812
-
188,094
368,747
Expenditure
Raising funds
3a
6,532
1,911
-
8,443
15,829
Church activities
3b
142,475
35,085
-
177,559
339,716
Total expenditure
149,007
36,995
-
186,002
355,545
24,275
(22,183)
-
2,092
13,203
Net gains/losses on investments
6
23,766
4,665
111
28,542
(13,906)
Net Income/(Expenditure)
48,041
(17,518)
111
30,635
(704)
Net Transfers between funds - transfers in
4,331
137
-
4,468
2,414
Net Transfers between funds - transfers out
(2,402)
(2,067)
-
(4,468)
(2,414)
Gains/(losses) on revaluation of tangible fixed assets
5
-
-
-
-
-
Net movement in funds
49,970
(19,447)
111
30,635
(704)
Total funds brought forward
647,597
84,262
778
732,638
733,342
Total funds carried forward
10
697,568
64,815
890
763,273
732,638
Net Income/(Expenditure) before investment
gains/(losses)		 TOTAL
TOTAL
Unrestricted
Restricted
Endowment
FUNDS
FUNDS
Notes Funds
Funds
Funds
2021
2020
£
£
£
£
£
Income and Endowments
Voluntary income
2a
139,836
9,286
-
149,122
336,447
Activities for generating funds
2b
20,546
4,580
-
25,126
22,257
Income from investments
2c
7,607
946
-
8,553
8,100
Church activities
2d
5,292
-
-
5,292
1,943
Total income
173,282
14,812
-
188,094
368,747
Expenditure
Raising funds
3a
6,532
1,911
-
8,443
15,829
Church activities
3b
142,475
35,085
-
177,559
339,716
Total expenditure
149,007
36,995
-
186,002
355,545
24,275
(22,183)
-
2,092
13,203
Net gains/losses on investments
6
23,766
4,665
111
28,542
(13,906)
Net Income/(Expenditure)
48,041
(17,518)
111
30,635
(704)
Net Transfers between funds - transfers in
4,331
137
-
4,468
2,414
Net Transfers between funds - transfers out
(2,402)
(2,067)
-
(4,468)
(2,414)
Gains/(losses) on revaluation of tangible fixed assets
5
-
-
-
-
-
Net movement in funds
49,970
(19,447)
111
30,635
(704)
Total funds brought forward
647,597
84,262
778
732,638
733,342
Total funds carried forward
10
697,568
64,815
890
763,273
732,638
Net Income/(Expenditure) before investment
gains/(losses)		 TOTAL
TOTAL
Unrestricted
Restricted
Endowment
FUNDS
FUNDS
Notes Funds
Funds
Funds
2021
2020
£
£
£
£
£
Income and Endowments
Voluntary income
2a
139,836
9,286
-
149,122
336,447
Activities for generating funds
2b
20,546
4,580
-
25,126
22,257
Income from investments
2c
7,607
946
-
8,553
8,100
Church activities
2d
5,292
-
-
5,292
1,943
Total income
173,282
14,812
-
188,094
368,747
Expenditure
Raising funds
3a
6,532
1,911
-
8,443
15,829
Church activities
3b
142,475
35,085
-
177,559
339,716
Total expenditure
149,007
36,995
-
186,002
355,545
24,275
(22,183)
-
2,092
13,203
Net gains/losses on investments
6
23,766
4,665
111
28,542
(13,906)
Net Income/(Expenditure)
48,041
(17,518)
111
30,635
(704)
Net Transfers between funds - transfers in
4,331
137
-
4,468
2,414
Net Transfers between funds - transfers out
(2,402)
(2,067)
-
(4,468)
(2,414)
Gains/(losses) on revaluation of tangible fixed assets
5
-
-
-
-
-
Net movement in funds
49,970
(19,447)
111
30,635
(704)
Total funds brought forward
647,597
84,262
778
732,638
733,342
Total funds carried forward
10
697,568
64,815
890
763,273
732,638
Net Income/(Expenditure) before investment
gains/(losses)
173,282
14,812
-		 188,094 368,747
6,532
1,911
-
142,475
35,085
-		 8,443
177,559		 15,829
339,716
149,007
36,995
-		 186,002 355,545
24,275
(22,183)
-		 2,092 13,203
23,766
4,665
111		 28,542 (13,906)
48,041
(17,518)
111
4,331
137
-
(2,402)
(2,067)
-
-
-
-		 30,635
4,468
(4,468)
-		 (704)
2,414
(2,414)
-
49,970
(19,447)
111		 30,635 (704)
647,597
84,262
778		 732,638 733,342
697,568
64,815
890		 763,273 732,638

There are minor discrepancies in totals throughout due to rounding.

13

Ss Peter & Paul's Church, Edenbridge Registered Charity No. 1133858

Financial Statements of the Parochial Church Council

for the year ended 31st December 2022

Incumbent:

The Rev'd Dr. Stephen Mitchell SSC The Vicarage Mill Hill Edenbridge Kent TN8 5DA

Bank: HSBC Plc 38 London Road East Grinstead West Sussex RH19 1AB

Independent Examiner:

Joanna Tawse FCA Northview The Street Plaxtol TN15 0QJ

EDENBRIDGE PAROCHIAL CHURCH COUNCIL

INDEX TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022

Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Accounts		 Page
1
2
3
4 - 13

INDEPENDENT EXAMINER'S REPORT TO EDENBRIDGE PAROCHIAL CHURCH COUNCIL

I report on the accounts of the Parochial Church Council for the year ended 31[st] December 2022 which are set out on pages 2 to 13.

Respective responsibilities of the PCC and the Examiner

As members of the Parochial Church Council you are responsible for the preparation of the Accounts. You consider that the audit requirements of section 144(2) of the Charities Act 2011 do not apply and that an independent examination is needed.

It is my responsibility to

Basis of Independent Examiner's Report

My examination was carried out in accordance with the General Directions given by the Charity Commission.

That examination includes a review of the accounting records kept by the Parochial Church Council and a comparison of the accounts with those records. It also includes considering any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statements below.

Independent Examiner's Statement

In connection with my examination, no matter has come to my attention:

  1. which give me reasonable cause to believe that in any material respect the requirementsto keep accounting records in accordance with section 130 of the 2011 Act; and to prepare accounts which accord with these accounting records and comply with the accounting requirements of the 2011 Act have not been met; or

  2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signature .................................................................... Date

................................................

1

PAROCHIAL CHURCH COUNCIL OF ST PETER & ST PAUL EDENBRIDGE

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022

TOTAL TOTAL
Unrestricted Designated Restricted Endowment FUNDS FUNDS
Notes Funds Funds Funds Funds 2022 2021
£ £ £ £ £ £
Income and Endowments
Voluntary income 2a 77,921 1,530 26,779 - 106,231 149,122
Activities for generating funds 2b 10,475 10,507 5,018 - 25,999 25,126
Income from investments 2c 8,372 170 978 - 9,520 8,553
Church activities 2d 4,889 - - - 4,889 5,292
Total income 101,656 12,207 32,776 - 146,639 188,094
Expenditure
Raising funds 3a 922 9,179 2,260 - 12,361 8,443
Church activities 3b 104,564 2,299 31,255 - 138,118 177,559
Total expenditure 105,486 11,478 33,515 - 150,479 186,002
Net Income/(Expenditure) before
investment gains/(losses)		 (3,830) 729 (739) - (3,840) 13,203
Net gains/losses on investments 6 (736) (14,898) (4,388) (105) (20,127) 28,543
Net Income/(Expenditure) (4,565) (14,169) (5,127) (105) (23,967) 30,635
Net transfers between funds - transfers in 2,192 - - - 2,192 2,414
Net transfers between funds - transfers out - - (2,192) - (2,192) (2,414)
Gains/(losses) on revaluation of tangible
fixed assets		 5 - - - - - -
Net movement in funds (2,373) (14,169) (7,319) (105) (23,967) 30,635
Total funds brought forward 33,756 663,812 64,815 890 763,273 732,638
Total funds carried forward 10 31,383 649,642 57,496 785 739,306 763,273

There are minor discrepancies in totals throughout due to rounding.

2

PAROCHIAL CHURCH COUNCIL OF ST PETER & ST PAUL EDENBRIDGE

BALANCE SHEET AT 31 DECEMBER 2022

Notes
Fixed assets
Tangible fixed assets
5
Investments
6
Total fixed assets
Current assets
Debtors and Prepayments
7
Cash at bank and in hand
9
Creditors: amounts falling due within one year
8
Net current assets
NET ASSETS
Funds
Endowment funds
10
Restricted funds
10
Designated Funds
10
Unrestricted funds
10		 2022
£
403,190
215,153
618,344
3,848
127,139
130,988
(10,025)
120,963
739,306
785
57,496
649,642
31,383
739,306		 2021
£
404,768
235,280
640,048
16,272
109,297
125,568
(2,343)
123,225
763,273
890
64,815
663,812
33,756
763,273

Approved by the Parochial Church Council on 20th March 2023 and signed on its behalf

The Rev'd Dr Stephen Mitchell Chairman

The accompanying notes form a part of these financial statements.

3

PAROCHIAL CHURCH COUNCIL OF ST PETER & ST PAUL EDENBRIDGE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

a Basis of preparation

The PCC is a public benefit entity within the meaning of FRS102. The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCs, and with the Regulations' "true and fair view" provisions. They have been prepared under FRS102 (2016) as the applicable accounting standards and the 2016 version of the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP(FRS102)).

The financial statements have been prepared on the basis that the PCC is a going concern for the foreseeable future. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body, nor those which are informal gatherings of church members.

b Funds

Funds held by the PCC are:

Unrestricted funds - general funds which can be used for PCC ordinary purposes.

Designated funds - monies set aside by the PCC out of unrestricted funds for specific purposes or projects.

Restricted funds -

a) income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest;

b) donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of the year is carried forward as a balance on that fund.

Endowment funds - funds, the capital of which must be maintained; only income arising from the investment of the endowment may be used, either as restricted or unrestricted funds, depending on the purpose set out in the terms of the original endowment.

c Income and Endowments

All income and endowments are accounted for gross.

Voluntary income

Income from investments

Dividends are accounted for when due and payable. Interest entitlements are accounted for as they accrue.

All other income

All other income is recognised when it is receivable.

Gains and losses on investments

Realised gains are recognised when the investments are sold. Unrealised gains and losses are accounted for on revaluation on 31 December.

4

PAROCHIAL CHURCH COUNCIL OF ST PETER & ST PAUL EDENBRIDGE

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies (continued)

d Expenditure

Expenditure is accounted for gross.

Grants

Grants and donations are accounted for when paid over, or when awarded where the award creates a constructive obligation on the PCC.

Church Activities

The diocesan parish contribution is accounted for when paid. Any parish contribution unpaid at 31 December is provided for in these accounts as an operational (though not a legal) liability and is shown as a creditor in the balance sheet.

e Fixed Assets

Tangible fixed assets

Consecrated and benefice property . In so far as consecrated and benefice property of any kind is excluded from the statutory definition of 'charity' by Section 10(2) (a) and (c) of the Charities Act 2011, such assets are not capitalised in the financial statements.

Movable church furnishings held by the Vicar and Churchwardens on special trust for the PCC and which require a faculty for disposal, are accounted as inalienable property unless consecrated. They are listed in the church's inventory which can be inspected. For inalienable property acquired prior to 1 January 2006 there is insufficient cost information available and therefore such assets are not valued in the accounts. Individual items acquired since 1 January 2006 have been capitalised in the accounts and depreciated over their useful economic life (see below).

Tangible fixed assets for use by the PCC. These are capitalised if they can be used for more than one year, and cost at least £1,000.

Depreciation is calculated to write off the capital cost of fixed assets less their currently anticipated residual fair value over their estimated useful lives as follows:

CCTV & sound system 5 years Staging equipment 10 years

No depreciation is provided on freehold buildings as the currently estimated residual value of the property is not less than its carrying value and the remaining useful life of this asset currently exceeds 50 years, so that any depreciation charges would be immaterial.

An impairment review is carried out at each year-end and any resultant loss is included in expenditure for the year.

Investments

Investments are stated at market value at the balance sheet date.

f Current Assets

Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectable.

5

PAROCHIAL CHURCH COUNCIL OF ST PETER & ST PAUL EDENBRIDGE

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2022

2 Income and Endowments

a
Voluntary income
Planned giving - gift aid
Income tax recoverable on planned giving
Other planned giving
Collections
Donations and appeals
Income tax recoverable on donations and appeals
Grants
Legacies
b
Activities for generating funds
St Paulinus lettings to non church organisations
Bookstall sales and Parish Magazine
Wedding flowers
Church lettings
Fetes, bazaars and other fund-raising events
c
Income from investments
Rental of investment property
Dividends and interest
d
Church Activities
Bookstall sales to promote objectives
Social events
Fees from weddings etc
Total income*		 TOTAL
TOTAL
General
Designated
Restricted
Endowment
FUNDS
FUNDS
Fund
Funds
Funds
Funds
2022
2021
£
£
£
£
£
£
42,377
-
-
-
42,377
45,071
10,594
-
-
-
10,594
11,260
16,199
-
-
-
16,199
15,077
3,373
301
-
-
3,675
2,148
2,561
1,077
1,328
-
4,966
56,348
1,822
153
161
-
2,135
1,734
626
-
25,291
-
25,917
17,484
367
-
-
-
367
-
77,921
1,530
26,779
-
106,231
149,122
-
10,507
-
-
10,507
9,846
69
-
-
-
69
32
-
-
730
-
730
395
127
-
-
-
127
-
10,278
-
4,288
-
14,566
14,853
10,475
10,507
5,018
-
25,999
25,126
350
-
-
-
350
350
8,022
170
978
-
9,170
8,203
8,372
170
978
-
9,520
8,553
56
-
-
-
56
252
341
-
-
-
341
96
4,492
-
-
-
4,492
4,944
4,889
-
-
-
4,889
5,292
101,656
12,207
32,776
-
146,639
188,094

* includes GASDS (gift aid small donations scheme) recovery

6

PAROCHIAL CHURCH COUNCIL OF ST PETER & ST PAUL EDENBRIDGE

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2022

3
a
b		 Expenditure
Raising funds
Stewardship costs
Costs relating to St Paulinus lettings
Fund raising events
Church Activities
i. Missionary and charitable giving (Note 11):
Giving to missionary socities
Giving to relief and development agencies
Home Mission
Giving to secular charities
ECT
ii. Ministry costs:
Diocesan Contribution
Working expenses
Vicarage expenses
Lay Staff
iii. Church running expenses:
Electricity
Gas
Water & drainage
Telephone
Insurance
Cleaning
Maintenance
Major works, installations & decorations
iv. Upkeep of services:
Sacristy etc
Organ (inc piano)
Organist /Choir Director fees & visiting organists
Choir & music
Flowers
v. Bank charges
vi. Social event costs
vii. Training, Mission & Education costs
viii. Administrator salary and on costs
ix. Administration + Church Office costs
x. Depreciation
Total Expenditure		 TOTAL
TOTAL
General
Designated
Restricted
Endowment
FUNDS
FUNDS
Fund
Funds
Funds
Funds
2022
2021
£
£
£
£
£
£
24
2
-
-
26
112
-
9,178
-
-
9,178
4,905
899
-
2,260
-
3,158
3,425
922
9,179
2,260
-
12,361
8,443
500
-
220
-
720
703
900
-
166
-
1,066
-
1,600
-
-
-
1,600
1,156
250
-
309
-
559
250
4,992
-
-
-
4,992
4,992
55,500
-
3,000
-
58,500
54,500
-
-
-
-
-
-
4,015
-
-
-
4,015
3,890
240
-
-
-
240
72
440
137
-
-
578
1,847
1,523
119
-
-
1,642
1,750
184
33
-
-
218
294
572
-
-
-
572
570
5,561
78
-
-
5,639
5,460
125
70
-
-
195
402
3,255
126
3,250
-
6,631
8,425
605
434
22,465
-
23,504
67,305
1,811
-
16
-
1,827
1,728
1,361
-
-
-
1,361
1,320
6,475
-
-
-
6,475
4,495
741
-
-
-
741
486
-
-
1,696
-
1,696
1,488
213
-
-
-
213
1
246
-
-
-
246
288
633
-
135
-
768
970
10,855
-
-
-
10,855
10,080
1,664
25
-
-
1,689
2,772
301
1,276
-
-
1,578
2,316
104,564
2,299
31,255
-
138,118
177,559
105,486
11,478
33,515
-
150,479
186,002

7

PAROCHIAL CHURCH COUNCIL OF ST PETER & ST PAUL EDENBRIDGE

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2022

4 Staff costs

2022 2021
a Wages and salaries £ £
Parish Secretary Salary 10,272 9,607

During the year the Parochial Church Council employed a part time Parish Secretary

b Payments to Related Parties

The following PCC members and connected persons received payment as follows: SH Carpentry & Building (business owned by stepson of PCC member) received £3850.00 for two building work/maintenace jobs during the year which were undertook in the course of their business. There were no other payments made to any PCC member, persons connected to them or related parties. There were no claims for expenses from PCC members made during the year.

5 Tangible fixed assets
Cost or valuation
At 1 January 2022
Additions
Disposals
Revaluation
At 31 December 2022
Depreciation
see note 1e
At 1 January 2022
Provided in the year
Disposals
At 31 December 2022
Net book amounts
At 31 December 2022
At 31 December 2021		 Freehold land
Staging
Sound
CCTV
TOTAL
and buildings
System
System
£
£
£
£
£
400,000
3,015
2,571
3,810
409,396
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
400,000
3,015
2,571
3,810
409,396
-
1,809
2,057
762
4,628
-
301
514
762
1,578
-
-
-
-
-
-
2,110
2,571
1,524
6,205
400,000
904
-
2,286
403,190
400,000
1,206
514
3,048
404,768

The freehold land and buildings comprise St Paulinus Church Centre and land in Hillcrest Road. In 2011 the PCC reassessed the rationale behind depreciating the St Paulinus Centre, which had been carried out for some time. It was agreed that as it was a building of character and kept in good repair it therefore had a long useable life. In addition the accumulated depreciation to date is not material to the financial statements and the residual value of the land was significantly higher than the value of the building.

The whole site was valued in 2016 and a revaluation gain of £100,000 has been recognised in the Statement of Financial Activities for the year ended 31 December 2016. The next revaluation was scheduled to take place in 2021 but difficulties with contacting estate agents and arranging the necessary site visits has resulted in the revaluation being postponed again to 2023.

8

PAROCHIAL CHURCH COUNCIL OF ST PETER & ST PAUL EDENBRIDGE

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2022

6 Investments
At 1 January 2022
Disposals at carrying value
Purchases at cost
Brought in as gift
Net gains and revaluation
At 31 December 2022		 Unrestricted
Designated
Funds
Funds
£
£
15,114
181,998
-
-
-
-
-
-
(736)
(14,898)		 Restricted
Endowment
Total
Funds
Funds
£
£
£
37,278
890
235,280
-
-
-
-
-
-
-
-
-
(4,388)
(105)
(20,127)		 Restricted
Endowment
Total
Funds
Funds
£
£
£
37,278
890
235,280
-
-
-
-
-
-
-
-
-
(4,388)
(105)
(20,127)
14,378
167,100		 32,890
785
215,153
The following investments are held by the PCC
M&G Charifund
CBF Investment Funds - Vicar &
Churchwarden
CBF Investment Funds - Vicar &
Churchwarden
FP CAF UK Equity Fund B Income
Holding Fund
Capital Projects Designated,
income mandated to General
Vicar and Churchwarden
Restricted
General, Unrestricted
Capital Projects, Designated,
income mandated to General		 Cost or brought in
value
Units
£
45,000
6,762
99,369
15,970
1,592
32,890
8,599
857
17,710
8,113
8,970
14,378
164,347
164,347
Cost or brought in value
Units
£
CBF Investment Fund - Chancel
(purpose: chancel repairs )
26
38
785
CBF Investment Fund - Parsonage
(general purposes)
10,010
2,421
50,021
50,806
Holding Fund
Endowment, income mandated
to CRF Designated
Capital Projects Designated,
income mandated to General
The following investments belong to the PCC but are held by the diocese in trust and relate to endowments or permanent trusts where the
income is mandated to the Parochial Church Council for the purposes listed.
50,806
Total Investments
215,153
6 Investments
At 1 January 2022
Disposals at carrying value
Purchases at cost
Brought in as gift
Net gains and revaluation
At 31 December 2022		 Unrestricted
Designated
Funds
Funds
£
£
15,114
181,998
-
-
-
-
-
-
(736)
(14,898)		 Restricted
Endowment
Total
Funds
Funds
£
£
£
37,278
890
235,280
-
-
-
-
-
-
-
-
-
(4,388)
(105)
(20,127)		 Restricted
Endowment
Total
Funds
Funds
£
£
£
37,278
890
235,280
-
-
-
-
-
-
-
-
-
(4,388)
(105)
(20,127)
14,378
167,100		 32,890
785
215,153
The following investments are held by the PCC
M&G Charifund
CBF Investment Funds - Vicar &
Churchwarden
CBF Investment Funds - Vicar &
Churchwarden
FP CAF UK Equity Fund B Income
Holding Fund
Capital Projects Designated,
income mandated to General
Vicar and Churchwarden
Restricted
General, Unrestricted
Capital Projects, Designated,
income mandated to General		 Cost or brought in
value
Units
£
45,000
6,762
99,369
15,970
1,592
32,890
8,599
857
17,710
8,113
8,970
14,378
164,347
164,347
Cost or brought in value
Units
£
CBF Investment Fund - Chancel
(purpose: chancel repairs )
26
38
785
CBF Investment Fund - Parsonage
(general purposes)
10,010
2,421
50,021
50,806
Holding Fund
Endowment, income mandated
to CRF Designated
Capital Projects Designated,
income mandated to General
The following investments belong to the PCC but are held by the diocese in trust and relate to endowments or permanent trusts where the
income is mandated to the Parochial Church Council for the purposes listed.
50,806
Total Investments
215,153

9

PAROCHIAL CHURCH COUNCIL OF ST PETER & ST PAUL EDENBRIDGE

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2022

7 Debtors & Prepayments

Debtors & Prepayments
Income tax recoverable
Prepayments
Other debtors		 2022
2021
£
£
2,062
1,169
848
3,679
939
11,423
3,848
16,272

8 Creditors

Creditors
Accruals for utilities and other costs
Deferred income
Other creditors		 2022
2021
£
£
2,105
646
6,036
-
1,883
1,698
10,025
2,343

9 Analysis of Net assets by fund

Analysis of Net assets by fund

Fixed assets for church use
Investment fixed assets
Cash at bank and in hand
Debtors & prepayments
Current liabilities		 General
unrestricted
Designated
unrestricted
Restricted
Endowment
Total Funds
Total Funds
Funds
Funds
Funds
Funds
2022
2021
£
£
£
£
£
904
402,286
-
-
403,190
404,768
14,378
167,100
32,890
785
215,153
235,280
15,097
80,999
31,043
-
127,139
109,297
2,811
-
1,038
-
3,848
16,272
(1,807)
(743)
(7,474)
-
(10,025)
(2,343)
31,383
649,642
57,496
785
739,306
763,273

10

PAROCHIAL CHURCH COUNCIL OF ST PETER & ST PAUL EDENBRIDGE

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2022

10 Statement of funds

At Other At
1 Jan 2022 Income Expenditure Transfers gains/(losses) 31 Dec 2022
£ £ £ £ £ £
Unrestricted Funds - undesignated
General 33,756 101,656 (105,486) 2,192 (736) 31,383
33,756 101,656 (105,486) 2,192 (736) 31,383
Unrestricted Funds - designated
Bland - 1,530 (2) - - 1,528
Casey 18,270 - (762) - - 17,508
Capital Projects 583,807 20 0 - (14,898) 568,929
Church Repair 25,745 150 0 - - 25,895
Clock 3 - (3) - - -
Meadows Legacy 14,316 - (514) - - 13,801
Projector 952 - 0 - - 952
St Paulinus 20,719 10,507 (10,197) - - 21,029
663,812 12,207 (11,478) - (14,898) 649,642
Restricted Funds
Bells - 20 0 - - 20
Charitable Appeals - 694 (694) - - -
Chaplaincy - 3,000 (3,000) - - -
Choir - 328 (198) - - 130
Club 3,188 3,960 (2,062) (2,192) - 2,894
Flower 754 1,505 (1,716) - - 543
Friends 16,607 22,291 (22,715) - - 16,183
Porch 3,000 - (3,000) - - -
Projector 17 - (16) - - 1
Vicar & Churchwarden
40,349		 978 (115) - (4,388) 36,824
Vicar's Discretionary 901 - - - - 901
64,815 32,776 (33,515) (2,192) (4,388) 57,496
Endowment Funds
Chancel repair 890 - - - (105) 785
890 - - - (105) 785
Total funds 763,273 146,639 (150,479) - (20,127) 739,306

The designated funds comprise:

The Casey Fund. This fund, resulting from a substantial donation, was established to track the expenditure attached to it by the PCC.

The Capital Projects Fund . This Fund comprises the land and buildings in Hillcrest Road and the remainder of the investments resulting from the sale of Church House investments. Some time ago the PCC designated this Fund for Capital Projects and major repairs.

The Church Repair Fund. is a deposit account held with the Rochester Diocesan Board of Finance and has been designated by the PCC for the repair of the church building. The PCC may decide to add to this Fund in anticipation of future repairs when any money becomes available.

The Clock Fund. This Fund was established to handle money set aside by the PCC towards the future repair of the tower clock. This fund is now closed.

Meadows Legacy Fund . This Fund was established to hold monies and left as an unrestricted legacy until such time as the PCC decides how to expend the monies.

The Projector Fund. Was established to handle a single unrestricted donation, designated by the PCC for expenditure on the projector and other all age worship expenses

The St Paulinus Fund. This Fund holds monies received and expended on the running of the St Paulinus Church Centre. At the end of the financial year the PCC may agree to remove the designation on part of the reserve of this fund to the General Fund as Hall 'profit'.

The endowment funds comprise:

Chancel Repair Fund. The income from this Endowment is mandated to the Church Repair Fund.

.

11

PAROCHIAL CHURCH COUNCIL OF ST PETER & ST PAUL EDENBRIDGE

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2022

10 Statement of funds (continued)

The restricted funds comprise:

Bells, Choir, Projector & Porch Funds. These Funds were established to handle income restricted towards specific expenditure.

Charitable Appeals Fund The monies held in this Fund arise from special appeals held from time to time for current local, national and international requests for aid.

Chaplaincy Fund This fund was established to handle the restricted annual grant from The Edenbridge Hospital League of Friends and subsequent expenditure.

Club Fund This Fund was established to handle subcriptions to the 100 club and payment of winnings. Half of the annual income is payable to the General Fund in October each year.

Flower Fund The monies held in this Fund comprise sundry donations, monies raised by fund-raising and fees for wedding flowers. All expenditure is on flowers and floristry requisites for weddings, occasional flower festivals and upkeep of regular services.

Friends Fund This Fund was established to handle the grants awarded by the Friends of Edenbridge Parish Church, towards repairs and maintenance works, and the associated expenditure.

Vicar & Churchwarden Fund This Fund was set up in 2011 to receive the monies and investments granted to the PCC by the Vicar and Churchwardens on the winding up of the Vicar & Churchwardens Trust.

Vicar's Discretionary Fund The monies held in this Fund may be expended by the Vicar at his discretion to the needy of the parish, without reference to the PCC.

11 Missionary and charitable giving

See note 3bi

£ Notes
Name of charity
BRIDGES 1,000
Church Mission Society 500
Eden Christian Trust 4,992
Friends of Edenbridge & Westerham CAB 250
Friends of Kent Churches 100
Friends of Sick Children Malawi 225
Poverty & Hope 2021 220
Royal British Legion 84
St Barnabus College 500
Ukraine Appeal 900
Unicef Yemen Appeal 166
8,936
The following amount was collected but not paid out in 2022
Friends of Sick Children Malawi 1 held in agency account
Black Box collection 146 held in agency account
Rebuild Moldova 273 held in agency account
Ukraine Appeal 10 held in agency account
429
Additional Charitable Giving not entered through accounts (collections banked directly with receiving charity)
Poverty & Hope 2022 540
Children's Society Christingle 420
960

12

PAROCHIAL CHURCH COUNCIL OF ST PETER & ST PAUL EDENBRIDGE

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2022

12 Prior period comparative SOFA restated following transition to FRS 102

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021

TOTAL
TOTAL
Unrestricted
Restricted
Endowment
FUNDS
FUNDS
Notes Funds
Funds
Funds
2021
2020
£
£
£
£
£
Income and Endowments
Voluntary income
2a
139,836
9,286
-
149,122
336,447
Activities for generating funds
2b
20,546
4,580
-
25,126
22,257
Income from investments
2c
7,607
946
-
8,553
8,100
Church activities
2d
5,292
-
-
5,292
1,943
Total income
173,282
14,812
-
188,094
368,747
Expenditure
Raising funds
3a
6,532
1,911
-
8,443
15,829
Church activities
3b
142,475
35,085
-
177,559
339,716
Total expenditure
149,007
36,995
-
186,002
355,545
24,275
(22,183)
-
2,092
13,203
Net gains/losses on investments
6
23,766
4,665
111
28,542
(13,906)
Net Income/(Expenditure)
48,041
(17,518)
111
30,635
(704)
Net Transfers between funds - transfers in
4,331
137
-
4,468
2,414
Net Transfers between funds - transfers out
(2,402)
(2,067)
-
(4,468)
(2,414)
Gains/(losses) on revaluation of tangible fixed assets
5
-
-
-
-
-
Net movement in funds
49,970
(19,447)
111
30,635
(704)
Total funds brought forward
647,597
84,262
778
732,638
733,342
Total funds carried forward
10
697,568
64,815
890
763,273
732,638
Net Income/(Expenditure) before investment
gains/(losses)		 TOTAL
TOTAL
Unrestricted
Restricted
Endowment
FUNDS
FUNDS
Notes Funds
Funds
Funds
2021
2020
£
£
£
£
£
Income and Endowments
Voluntary income
2a
139,836
9,286
-
149,122
336,447
Activities for generating funds
2b
20,546
4,580
-
25,126
22,257
Income from investments
2c
7,607
946
-
8,553
8,100
Church activities
2d
5,292
-
-
5,292
1,943
Total income
173,282
14,812
-
188,094
368,747
Expenditure
Raising funds
3a
6,532
1,911
-
8,443
15,829
Church activities
3b
142,475
35,085
-
177,559
339,716
Total expenditure
149,007
36,995
-
186,002
355,545
24,275
(22,183)
-
2,092
13,203
Net gains/losses on investments
6
23,766
4,665
111
28,542
(13,906)
Net Income/(Expenditure)
48,041
(17,518)
111
30,635
(704)
Net Transfers between funds - transfers in
4,331
137
-
4,468
2,414
Net Transfers between funds - transfers out
(2,402)
(2,067)
-
(4,468)
(2,414)
Gains/(losses) on revaluation of tangible fixed assets
5
-
-
-
-
-
Net movement in funds
49,970
(19,447)
111
30,635
(704)
Total funds brought forward
647,597
84,262
778
732,638
733,342
Total funds carried forward
10
697,568
64,815
890
763,273
732,638
Net Income/(Expenditure) before investment
gains/(losses)		 TOTAL
TOTAL
Unrestricted
Restricted
Endowment
FUNDS
FUNDS
Notes Funds
Funds
Funds
2021
2020
£
£
£
£
£
Income and Endowments
Voluntary income
2a
139,836
9,286
-
149,122
336,447
Activities for generating funds
2b
20,546
4,580
-
25,126
22,257
Income from investments
2c
7,607
946
-
8,553
8,100
Church activities
2d
5,292
-
-
5,292
1,943
Total income
173,282
14,812
-
188,094
368,747
Expenditure
Raising funds
3a
6,532
1,911
-
8,443
15,829
Church activities
3b
142,475
35,085
-
177,559
339,716
Total expenditure
149,007
36,995
-
186,002
355,545
24,275
(22,183)
-
2,092
13,203
Net gains/losses on investments
6
23,766
4,665
111
28,542
(13,906)
Net Income/(Expenditure)
48,041
(17,518)
111
30,635
(704)
Net Transfers between funds - transfers in
4,331
137
-
4,468
2,414
Net Transfers between funds - transfers out
(2,402)
(2,067)
-
(4,468)
(2,414)
Gains/(losses) on revaluation of tangible fixed assets
5
-
-
-
-
-
Net movement in funds
49,970
(19,447)
111
30,635
(704)
Total funds brought forward
647,597
84,262
778
732,638
733,342
Total funds carried forward
10
697,568
64,815
890
763,273
732,638
Net Income/(Expenditure) before investment
gains/(losses)		 TOTAL
TOTAL
Unrestricted
Restricted
Endowment
FUNDS
FUNDS
Notes Funds
Funds
Funds
2021
2020
£
£
£
£
£
Income and Endowments
Voluntary income
2a
139,836
9,286
-
149,122
336,447
Activities for generating funds
2b
20,546
4,580
-
25,126
22,257
Income from investments
2c
7,607
946
-
8,553
8,100
Church activities
2d
5,292
-
-
5,292
1,943
Total income
173,282
14,812
-
188,094
368,747
Expenditure
Raising funds
3a
6,532
1,911
-
8,443
15,829
Church activities
3b
142,475
35,085
-
177,559
339,716
Total expenditure
149,007
36,995
-
186,002
355,545
24,275
(22,183)
-
2,092
13,203
Net gains/losses on investments
6
23,766
4,665
111
28,542
(13,906)
Net Income/(Expenditure)
48,041
(17,518)
111
30,635
(704)
Net Transfers between funds - transfers in
4,331
137
-
4,468
2,414
Net Transfers between funds - transfers out
(2,402)
(2,067)
-
(4,468)
(2,414)
Gains/(losses) on revaluation of tangible fixed assets
5
-
-
-
-
-
Net movement in funds
49,970
(19,447)
111
30,635
(704)
Total funds brought forward
647,597
84,262
778
732,638
733,342
Total funds carried forward
10
697,568
64,815
890
763,273
732,638
Net Income/(Expenditure) before investment
gains/(losses)
173,282
14,812
-		 188,094 368,747
6,532
1,911
-
142,475
35,085
-		 8,443
177,559		 15,829
339,716
149,007
36,995
-		 186,002 355,545
24,275
(22,183)
-		 2,092 13,203
23,766
4,665
111		 28,542 (13,906)
48,041
(17,518)
111
4,331
137
-
(2,402)
(2,067)
-
-
-
-		 30,635
4,468
(4,468)
-		 (704)
2,414
(2,414)
-
49,970
(19,447)
111		 30,635 (704)
647,597
84,262
778		 732,638 733,342
697,568
64,815
890		 763,273 732,638

There are minor discrepancies in totals throughout due to rounding.

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