The PARISH and BENEFICE of BRIDPORT
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
| Contents | ||
|---|---|---|
| Annual report | Pages 1 – 10 | |
| Independent Examiner’s Report | Page 11 | |
| Statement of Financial Activities | Page 12 | |
| Balance Sheet | Page 13 | |
| Notes to the Financial Statements | Page 14 - 25 |
Charity Commission Registration number: 1133974 www.bridport-team-ministry.org
The PARISH and BENEFICE of BRIDPORT Annual Report forthe year ended 31 December 2022 Team Rector: The Revd Canon Deborah Smith The Rectory 84 South Street Bridport, Dorset DT6 3NW Parish Administrator: Clo The Rectory Hon Secretary.. Mrs Bridget Trump 18 Maple Gardens Bridport, Dorset DT6 4DR Hon Treasurer: Mrs Janet Shaw, 5, Douglas Avenue, Harold Wood, Romford, Essex RM3 OUT Lead Bankers: National Westminster Bank plc Lloyds Bank plc T58 plc CCLA Independent Examiner: Scott Vevers Ltd 65 East Street, Bridport, Oorset DT6 3LB
The PARISH and BENEFICE of BRIDPORT Annual Report tor the year ended 31 December 2022 Reference and Administrative Oetails The Bridport Team Ministry in the Benefice of Bridport was established in July 1979 in the union of four benefices in and around the town of Bridport. The five parish churches remain a5 parish churches of the new benefice. It is part of the Diocese of SalisbL*ry within the Church of England. The correspondence addre55 15 The Rectory, 84 South Street. Bridport. DT6 3NW Following the many consultation sessions in 2022 it was felt that going forward we would use the term 'The Parish of Bridport,. We are one parish, worshipping in six buildlngs, connected to each other as the body of Christ in this place. Details of the Independent Examiner and main Bankers are contained on page l. Additional advice is sought from the Diocese or, where appropriate, other advisors are consulted. Bridport Parochial Church Council IPCCI 15 a charity registered with the Charity Commission: reElStration number 1133974. The PCC members are its Trustees, and so are responsible for delivering public benefit by serving the wider community. PCC members who have served from I January 2022 until the date this report was approved are: Teum Rector.. Chairman Teum Vicor.. Ass1Stant Curate Assi5t(Jnt Currjte The Revd Canon Deborah Smith The Revd Peter Stone The Revd Lorna Johnson The Revd Helen Croud Assoclate Priest From 9 Odober 2022 Hospital Chapluin.- Churchwt7rdens.' The Revd Philip Rlnger Mrs Lesley Hill Mrs Heather Purse Ex-officio- Clergy rep on Deanery Synod Until 8 May 2022 Re-elected 8 May 2022 Chapel warden Mrs Rosemary Ru55ell From APCM October 2020 Vice chair Representatives on the Deanerysynod. (Term of Office APCM 2020- 2023) Mrjohn Adams Mr. Alan Paul Elected Vice-chair 8 May 2022 (Suspended from active membership.) Mr Stephen Bartlett Mr Graham Purse Deanery Synod Rep from 8 June 2021. Deanery Synod Rep from 5 July 2022. Elected members.- Mr. Peter Carnell Mr James Craddock Mrs Caroline Cooke Mrs Josephine George Mr Paul Groom Mrs Rose Harvey Mrs Lesley Hill Mrs Carole Nelson Until October 2022 From 8 May 2022 From 8 lune 2022 From 8 May 2022 From 8 May 2022 Until 8 May 2022 From 8 May 2022
The PARISH and BENEFICE of BRIDPORT Annual Reportfor the year ended 31 December 2022 Mrs. Sue Pollock MrGraham Purse Mrsjanet Shaw Mrs. Bridget Trump Mr Tyrone Trower Mrs. Sue Wellman-Herold Mrs Diana Wright PCC Treasurer and co-opted to PCC 6 July 2021 PCC Secretary Structure. Governance and Management The method of appointment of PCC members is set out in the Church Representation Rules 2020. All Church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC. The Parishioners Meeting and Annual Parochial Church Meeting were both held on 8 May 2022, in line with the requirements. Objectives and Activities Bridport PCC has the responsibility of co-operating with the incumbent, the Revd Canon Deborah Smith. in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It also has maintenance responsibilities for the curtilage and glebe land of the six sltes of St Mary's Bridport, St John's West Bay, St Swithun's Allington, Holy Trinity Bradpole, St Mary's Walditch and Holy Trinity Bothenhampton, together with the maintenance responsibility for the churchyard of the Old Church in Bothenhampton. Public Benefit The Trustees have paid due regard to guidance issued by The Charity Commission on public benefit. Further details of the activities identified in the Financial Statement5 are contained in the Review of the Year. Volunteers Volunteers have a major role in the PCC and its activities, without which it may cease to function or its ability to be effective would be seriously curtailed. We are very grateful to the many people who help and assist in so many ways across the parish. We thank those who generously donate their tirne, ideas, expertise or resources includinE towards excellent fund-raising initiatives, as well as those who continue to oversee the governance or look after the finances. Achlevements and Performance Church attendance At the end of 2022 there were 313 pari5hioner5 on the Church Electoral Roll- a total reduction of 27 on the previous year. Attendance at church services has been irregular throughout this year but the average Sunday attendance was 132 adults plus 6 children and young people. On Easter Day we had 213 communicants. o During Advent we met as a parish each Sunday morning and averaged 82 communicants each week. Carol Services and Christingle SeNices were held across the parish for the local community, Civic contingency and for the schools. A total of nearly 1500 people attended.
The PARISH and BENEFICE of BRIDPORT Annual Reportfor the year ended 31 December 2022 o Attendance numbers across the parish for Chrlstmas eve and mornlng were 375, with 218 communicants in total. o In 2022 we held 15 8apt15ms. 5 Weddings, 69 Funeral services, and then 20 separate services for the interment of cremated remains. Statistlcs confirm the average weekly number of online viewers as 24, of which most are for pre- recorded seNices rather than those live streamed. PCC Revlew of the year During the year the full PCC met on nine occasions with the Standing Committee meeting four times during the same period. Significant events or initiatives were undertaken during 2022: o A small group studied the 'Living in Love ond Fuith, course promoted by General Synod and the diocese during Lent. a5 a local consultation and awareness initiative to discuss Christian teaching and learning about identity, sexuality, relationships and marriage. The Ministry Team and then separately the PCC, had away-days to focus on looking to the future for the parish. With the help of a facilitator, we discvssed the current Issues across the ch urches and offered changes and new ways of working appropriate to the perceived future level of resources clergy numbers, worshipping congregations, finance levels, our buildings and the need5 of our community. From these discussions came the formation of a new Vision 5ub- Committee (made up of 9 PCC members) who then organised six parish consultations sessions in October and a one-off initiative for Advent. There is some work being undertaken around ideas for the redevelopment of St Swithun's Allington and the PCC approved the use of £50,000 to cover the architect's fees, various fabric surveys and the project manager's expenses to cover local consultations, in preparation for a stage-one application to the National Lottery Heritage Fund. o During July we looked at the work of the Community Hub and how the church can overlap and coordinate with the Schools and local community. Bishop Rufus and his wife from Lainya, South Sudan were hosted by the deanery during mid- August. This gave the opportunity to raise the profile of the diocesan link with Sudan and South Sudan and various members of the parish were able to meet them. o The PCC have 5UPPOrted the idea of offering to the Orthodox Church the use of St Swithun'5 Allington, for occasional services. as a primary focus for the Ukrainian contingent in the local area. The Town Council has coordinated the offers of 'Warm Spaces, in the town and St Mary's Bridport offered Sunday afternoons during Advent and St Swithun's are offering Saturd3V afternoons during February 2023. o The PCC have registered for the National Burial Ground Survey which will map all the church buildings, their registers, internal monuments and churchyards which fall under our responsibility.
The PARISH and BENEFICE of BRIDPORT Annual Reportforthe year ended 31 December 2022 Local Church Sub-committees: During 2021 the new governance structure was implemented across the parish and each local church has a sub-committee with the four core-members being appointèd by the PCC to oversee the day-to-day activities of the local church and congregation. Reviewed annually. but four areas of responsibility are temporarily delegated by the PCC to each. o Day to day ct7re of the church building ond churchyord Facilitotion and practicol prept7rotion forservice5 and occusional offices Organiztition und manogement of welcorne groups and pastorol core ot a local level Maintuining und developing the social t7spect of the life of the church In addition, the PCC has appointed Parish Sub-committees for the various branches of church work In the parish. These sub-committees include persons who are not members of the PCC and work acr055 the parish. The work of the Parish Sub-cornmittees: ADMINISTRATION: A Parish Health and Safety Officer has been re¢rulted and appolnted. He has reviewed and updated all the relevant policies and undertaken wobble-tests in 311 our churchyards on a biannual basis. COMMUNICATIONS.. The Communications Working Group has put in place a formal contract for the Administrator. who works four mornings a week. It has not yet been possible to recruit a fifth-day per50n, so a focus has switched to renewing the parish website and a completely new site has been commissioned. We eypect to be able to store all parish-related documents on a google-drive cloud. to improve efficiency, reduce duplication and remove documents from personal computers. Improving communications across the parish is one of the priorities for 2023. ECO CHURCH.. The focus of this initiative Iwlth Its comprehensive remit of Worship and Teaching. Buildings, Lond. Lifestyle, Community and Worldwide) have been adopted by each congregation in varying degrees of success. There is a permanent display in St Marfs Bridport of our eco ideas and initiatives put together by the sub-committee. o In additlon, they joined in with the town's Great Big Green Day in September, worked with the Community Orchard on the Churchyard Nature Count, and three people attended a scything course to assist with churchyard Management, o Eco-ideas appear regularly in both the parish weekly newsletter and monthly magazine to encourage our individual responses and lifestyle habits. FABRIC: Throughout 2022 a different approach to the care of our buildings has begun with a small group of people forming into a Fabric Sub-committee to look at all the structural and ongoing maintenance requirements of our churches. Thus, working acr055 the parish enables the sharing of expertise and responsibility. Using the five-yearly Quinquennial Inspections reports as the benchmark the group have become acquainted with our different buildings. St john's West Bay is now under the Faculty Jurisdiction Rules IFIRI for any permissions. Four named people have been authorised to process online FJR applications for the parish. o An upgraded lighting project at Holy Trinity, Bradpole is being considered.
The PARISH and BENEFICE of BRIDPORT Annual Report lor the year ended 31 December 20Z2 o Permission for the removal of an unsightly and mis-used shrub in St Mary's Bridport churchyard is being sought. Discus5iofb about how the space can be enhanced for community Use will be undertaken in due course. FINANCE: The PCC have indicated a willingness to consider streamlining the parish Missionary Giving and the Finance Sub-committee have begun to understand how the process has worked historically and identify if a combined approach could be recommended. An annual budget has been introduced to manage all income and expenditure. PCC meetings are timed to coincide with the collation of quarterly figures, so our discussions hold more meaning. o The PCC has responded to the two surveys from the Diocesan Board of Finance asking for our opinion about how future Diocesan Fairer Share should be calculated. St Mary's Bridport have completed extensive work compiling the checks and paperwork in preparation for hiring out the building, as a potentlal Income source. A Hiring Handbook was written to ease the process of hiring any of our parish buildings to external parties. GOVERNANCE: Oversight of the new local church sub-committees has taken place following their introduction during 2021. The format and delegated responsibilities were reviewed by the PCC in June 2022. 'Open Reports, la preci5 of PCC business) are now published on the website following each PCC meeting to improve communication across the parish, whilst conserving trustee confidentiality. At the APCM in May 2022 only one person wa5 elected to the role of churchwarden, giving her the burden to bear herself. This is an onerous pressure and is not Sustainable for the long term. MISSION & PASTORAL: The Sub-committee identified four areas of pastoral support requiring volunteer5 and energy, following the re-opening of activities after lockdown. Two groups have been active in 2022.. A monthly group 'LifeLine' for bereavement support, and An after-school club at 5t Mary's Primary in Bridport. weekly in termtime. o Tentative conversations have been held as folk explore their vocation in this area of ministry. No formal trainlng has yet been set up. VISION SUB-COMMIThEE'. The Advent initiative which came from the parish consultations incorporated holding combined parish services each Sunday morning, study groups during the week and a shared Advent text, expressions of craft appropriate to the season and an intentional walking group travelling around the town offering prayers for different communities. In addition. other ideas which collectively were identified in the consultation are being rolled out through the early months of 2023. These are: o improved communications, more study groups. monthly parish services and parish events. o A further consLbltation is diarised for 30 April 2023.
The PARISH and BENEFICE of BRIDPORT Annual Report forthe year ended 31 December 2022 Additional aspects of life in the parlsh: PUBLIC WORSHIP.. Following the changes in the pattern of worship introduced in 2021, there has been an ongoing conversation as the Incumbent and ministry team adapt to the changing resources. o The Ordinand was ordained to the diaconate in July 2022 and 15 licensed and working In a neighbouring parish. One of the As515tant Curates completed her curacy within the parish and although now working elsewhere in the county. was licensed as an Associate Priest to Bridport, SO 15 Still able to minister with us occasionallv. LYME BAY DEANERY SYNOD= The Synod only met twice during the year due to the unavailability of speaker at the November meeting which wa5 cancelled as a result. Steve Bartlettfrom our own PCCwa5 welcomed on to Synod and has become a signatory on the Bank account. Our June Synod meeting actually took place in Devon in the parish of Hawkchurch. The Revd Jo Neary from the Beaminster Team and Sarah Keen from the Rural Hope project gave some extremely informative and encouraging report5 on thelr work. Tourism and the Churches, response to the needs of Tourists and visitors to our Parishes is still waiting discussion at a future Synod. The amalgamation of the Parishes of Abbotsbury, Portesham and Langton Herring into the Bride Valley Benefice is a matter of ongoing work. CHURCHES TOGETHER IN BRIDPORT AND DISTRICT: Thankfully this year has seen some greater endeavours with the lifting of the COVID restrictions. o The Sunrise service on Easter morning was held on East Pier, with many people gathering in Cherries Cafe afterwards for coffee. o A service was held at the beginning of June to mark the late Queen's Platinum Jubilee. We had one of H.M. Deputy Lord Lieutenant5 attend who read one of the lesson and Father Keith Mitchell preached an excellent homily. It was followed by a bring-and-share tea. o We also kept Sea Sunday in July, with a special preacher from the Sailors Society, the Revd Caroi Peter5-King. The Bridport Nativity w35 held in St. Mary's Bridport this year due to the weather and was hailed by many as a great success with many last-minute substitutions due to illne55. The Revd Jane Wilson from Bridport United Church gave the address. On Boxing Day, a great gathering on Harbour Green at West Bay for Community Carols around the Christmas Tree brought the year to a meaningful close. CTIBD continves to support many other activities throughout the year and is always grateful for the support it receives from parishioners, the people of Bridport and visitors alike. Philip Ringer- Cht7irman CTIBD
The PARISH and BENEFICE of BRIDPORT Annual Report forthe yearended 31 December 2022 Safeguarding This subject features as an agenda item at each PCC meetlng. During 2022, within the Parish of Bridport it has been possible to begin to implement the Action Plan to review, and update the safeguarding policy, requirements and practice. o We have offered an introductory and refresher training on a regular basis Wlthin the parish the take up has been positive. M05t of those required to attend did so during the year. The material used in the training is continually updated and includes current research and inquiry recommendations. The Safer Recruitment process has been implemented for slx new staff and volunteers, and a review of current volunteer roles is already underway. o Review of DBS checks are up to date and all checks on new volunteers are being completed. The final comprehensive Report by the 'lndependent Inquiry into Child Sexual Abuse. IIICSAI was published in October 2022. The Report makes a number of powerful recommendations, which will have radical implications and impact on Safeguarding within the Anglican Church and in the local parish. Given the recommendations, we await the likely changes in both the legal framework and government Euidance, in the reporting procedure and practice. Risk management The managing trustees have considered the major risks to which the church is exposed and have established policies and procedures to manage those risks. The trLtstees consider that the risks of an accident on the premises or loss of reputation through the abuse of a vulnerable person on the premises, or during a related activity, are the major areas of concern, together with financial fraud. The church has implemented Health and Safety policies and a Safe to Grow policy to safeguard against these. The policies are regularly reviewed in the light of changing government policy and issues of safeguarding and the recruitment of volunteers to work with children and young people, or vulnerable adults are under continued review. The newly established Finance Sub-committee continue to review all financial processes in the team, especially the interface between the local churche5 and parish and the standardisation of data collection and recording systems. Some recommendationsfor improvement and simplification have been implemented, and additional safeguards for financial security, including bank mandates. will be introduced where nece55ary. Financial Review The main source of regular income continues to be Gift Aided donations together with the related tax that can be claimed back. Income on unrestricted funds increased between 2021 and 2022, during the time when churches returned to most pre-pandemic activities. However, it has been noted that the number of regular attendees has reduced slnce 2021, so the giving is being received from less people overall. Church activities. including various forms of fundraising, have increased during 2022. In total the community events. lettings of premises, and fees for funerals and weddings have raised almost E48,000.
The PARISH and BENEFICE of BRIDPORT Annual Report for the year ended 31 December 2022 Two of the churches in the Parish have been fortunate to receive considerable sums in legacies, and these have contributed to the positive figures reported for 2022. The Parish has participated in the Warm Sp3ce5 initiative. and has received a small grant to help with increasing heating costs. The major regular expense continues to be Diocesan Fairer Share, which mainly provides for clergy Stipends, housing, pensions, Nl and training. The 2022 total of just under £112,000 was almost paid by the end of the year, with the remaining amount of £9,484 being paid off in January 2023. One church still has a legacy debt of £17,713 that they wi51 try to clear in stages during the coming years. The other main expense5 for the churches cover the upkeep of buildings and churchyards. totalling nearly £49,000. In line with the national energy situation, the cost of utilities has more than doubled from £7,344 in 2021 to £18,322 in 2022. The Parish has also paid for the salary of the part-time Administrator. which together with other office and communication costs has totalled over £14,000. During the year the churches have supported several community ventures and external charities by holding events and donating funds. The Parish, together with the Town Council, has also set up a Discretionary Fund to support refugees from Ukraine who are living in the Bridport area. The process for regular donation5 to the Food Bank to be moved to the new charity's bank account is still ongoing, but should be completed during 2023. The Bridge Magazine continues to be successful in covering its costs through local advertlsing and sponsorship. The Accounts this yearshow a total surplus of £93,62912021: a deficit of £26.9751 before investment changes. The surplus on unrestricted funds was E80,99312021'. £10,019). There was however an overall decrease in the value of our investments by £49,242 due to market conditions and use of some deposits towards major works expenditure. Reserve5 Policy The Reserves are regularly reviewed. The PCC aims to ensure that sufficient reserve5 are held to meet anticipated expenditure. especially having regard for the age and condition of the church properties. Within the team as a whole, reserves are at an acceptable level, but there is a wide variation between the local churches. Increased stewardship and active fund-raising will continue to be prioritised in 2023, but the current rate of inflation and cost of living increases will have an impact on voluntary giving and the running cost5 for church and central PCC operations. The 2022 budget estimates were exceeded by the actual income received and not met by the expenditure, but for 2023 the expectation 15 a larger deflcit. This may mean drawing further on the reserves in hand. Such a situation would not be sustainable for an extended period, but will be reviewed carefully a5 the year progresses.
The PAR15H and BENEFICE of BRIDPORT Annual Reportfor the year ended 31 December 2022 Investments Material investments continue to be monitored to ensure performance against objectives. The majority of invested funds are with CCLA Church of England Deposit Fund, CCLA Church of England Investment Fund or with major U.K. based banks. The performance of our financial investments in the year gave rise to an unrealised loss of £49,24212021- gain of £52,363), in line with market conditions. Related Trusts or charities Details of related trusts and charities are included in the financial statements. Additionally. St Mary's, Bridport and Holy Trinity, Bradpole both have a 'Friends of, charity which, although they are each a separate legal entity, support the work of the PCC and provide financial assistance to St Mary's and Holy Trinity respectively. Approved by the PCC on 28 March 2023 and signed on their behalf bv: Signed.. Revd Canon Deborah Smith IPCC Chairl io
The PARISH and BENEFICE of BRIDPORT Independent Examinerfs Report to theTrustees of The Parish of Bridport I report to the charity trustees on my examination of the accounts of The Parish and Benefice of Bridport Ithe Charity) for the year ended 31 December 2022. Responsibilities and basis of report As the trustees of the Charity, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (the Act). I report in respect of my examination of the Charlty's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Direction5 given by the Charity Commission under Section 145lSllbl of the Act. Independent examinerfs statement Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the Act. I confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wale5, which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. l. Accounting records were not kept in respect of the Charity as required by section 130 of the Act,. or 2. The accounts do not accord with those records,. or 3. The accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other tha n anv requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Mr. M. J. Cridland B.A. (Honsl F.C.A. Scott Vevers Ltd Chartered Accountant5 and Registered Auditors 65 East Street Bridport Dorset DT6 3LB Date.. li
The PARISH and BENEFICE of BRIDPORT Statement of Financial Activities for the year ended 31 December 2022 Unrestricted Restricted Endowment Funds Funds Funds Totsl 2022 Note Income and Endowments: Voluntary giving Income from church activities Income generated from events Income from investments Other incomlng resources Total income 2a 2b 2c 2d 258,284 43,562 8,696 17,781 4,510 332,833 11,903 19,840 496 3,961 3.325 39,525 270.187 63,402 9,192 21.742 7,835 372,358 Expenditure on: Church ministry and activities Church running expenses Raising funds Total expenditure 137,497 113,541 802 251,840 26,610 279 164,107 113,820 802 278,729 3b 3¢ 26,889 Net income / lexpenditurel Net gain / Ilossl on investments Net income Transfer between funds Net movement in funds Total funds brought forward Total funds carried forward 80,993 128,6981 52,295 34,324 86,619 765,182 851,801 12,636 119,0061 16,3701 34,3241 140,6941 357,105 316,411 93,629 149,2421 44,387 6b 11,5381 11,5381 io 11,5381 13,139 11,601 44.387 1,135,426 1,179.813 io Note Unrestricted Restricted Endowment Funds Funds Funds Total 2021 Income and Endowments: Voluntary giving Income from church activities Income generated from event5 Income from investments Other incoming resources Total income 2a 2b 2c 2d 173,265 37,600 3,936 18.268 9,262 242,331 39,902 201 213.167 37,801 3.936 18,473 9,668 283,045 205 406 40,714 Expenditure on: Church ministry and activities Church running expenses Raising funds Total expenditure 143,407 88,894 li 232,312 74,150 3,220 338 77.708 217,557 92,114 349 310,020 3b Ner income I lexpenditurel Net gains on investments Net income Transfer between funds Net movement In funds Total funds brought forward Total funds carried forward 10,019 30,515 40,534 157,6631 117,1291 782,311 765,182 136,9941 20,209 116,7851 57.663 40,878 316,227 357,105 126,9751 52,363 25,388 6b 1,639 1,639 1.639 11,500 13,139 25.388 1,110,038 1,135,426 io All of the charity's activities derive from continuing operations during the above two periods. 12
The PARISH and BENEFICE of BRIDPORT Balance Sheet as at 31 December 2022 Note 2022 2021 Fixed assets Tangible assets Investments 6a 6b 669,274 669,274 718,516 718,516 Current assets Debtors and prepayments Short term deposits Cash at bank and in hand 15,770 244,586 289,688 550,044 14,324 255,904 182,501 452,729 Creditors: Amounts falling due within one year 139,5051 135.8191 Net current assets 510,539 416,910 Total assets less current liabilities 1.179,813 1,135,426 Net assets 1,179,813 1,135,426 Fund5 of the charity: Parish Funds Unrestricted fund5 Restricted funds Endowrnent Total Funds li 851,801 316,411 11,601 1.179,813 765,182 357,105 13,139 1,135,426 The financial Statements on page5 14 to 25 were approved by the trustees and authorised for issue on 28 March 2023 and signed on their behalf bv.. Revd Canon Deborah Smit Mr5 Janet Shaw 13
The PARISH and BENEFICE of BRIDPORT Notes to the Financial Statements forthe year ended 31 December 202Z l Accounting pollcles Statement of compliance The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland {FRS 1021. the Charities Act 2011 and UK Generally Accepted Accounting Practice. The financial statements include all transactions. a55et5 and liabilities for which the PCC is responsible in law. They do not include the account5 of church groups that owe their main affiliation to another body nor those that are an informal gatherin# of Church members. Basis of preparation Bridport Parochial Church Council meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. Going concern The trustees consider that there are no material unrtaIntieS about the charity's ability to continue as a going concern. Income and endowments Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recogni5ed when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliabilitv. All incoming resources are accounted for gr055 except that there may be minor amounts of income received net of expenditure. Donations and legacies Donation5 and legacies are recognised on a receivable basis when recelpt is probable and the amount can be reliably measured. Tax refunds are recognised when the incoming resoLtrce to which they relate is received. Gronts recelvoble Grants are recognised when the charity has an entitlement to the fund5 and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is reco8nised as a liability and included on the balance sheet as deferred income to be released. Investment income Investment income is earned through holding assets for investment purposes such as shares and property. It includes dividends, interest and rent. Where it 15 not practicable to identify investment management costs incurred within a scheme with reasonable accuracy the investment income is reported net of these costs. It is included when the amount can be measured reliably. Interest income is recognised using the effective interest method and dividend and rent income is recognised as the charity's right to receive payment is established. 14
The PARISH and BENEFICE of BRIDPORT Notes to the Financial Staternents for the year ended 31 De¢ember 2022 Expenditure All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All cost5 are allocated to the applicable expenditure heading that aggregate similar cost5 to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset'5 use. Other support costs are allocated based on the spread of staff costs. Grants and donations made are accounted for when paid over. or when awarded, if that created a binding or constructive obligation on the PCC. The Diocesan Fairer Share 15 accounted for when due. Any share unpaid at 31st December is provided for as an operational Ithough not a legall liability and would be shown as a creditor in the Balance Sheet. There was £27,197 of diocesan share unpaid at 31st December 2022.12021 £17,713]. Amounts received Specifically for mission are dealt with as restricted funds. Support costs Support costs include central functions and have beerk allocated to activity cost categories on a basis con5i5tent with the use of resources, for example, allocating property Costs by floor areas, or per capita, staff costs by the time spent and other costs by thelr usage. Governance costs These include the costs attributable to the chariW5 compliance with constitutional and statutory requirements, including audit, strategic management and trustees. meetings and reimbursed expense5. Taxation The charity Is considered to pa55 the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categorie5 covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992. to the extent that such income or gains are applied exclusively to charitable purposes. Tangible fixed a55ets Individual fixed assets costing £2.500 or more are initially recorded at cost, less any subsequent acc¥Jmulated depreciation and subsequent accumulated impairment losses. Gifts-in-kind are valued at a reasonable estimate of their open market value on receipt. Depreciation and amortisation Depreciation is provided on tangible fixed assets so as to write off the cost or valuation. less any estimated residual value, over their expected useful economic life as follows.. Asset class Depreciation method and rate Computers and printers 3 years straight line An impairment review is carried out at each year end and any resultant loss identified included in expenditure for that year. 15
The PARISH and BENEFICE of BRIDPORT Notes to the Financial Statements for the year ended 31 December 2022 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 12llal and Icl of the Charitie5 Act 2011 such assets are not capitalised in the financial statements. Movoble church furni5hing5 These are not capitalised. They are included in the Church's inventory. Insufficient cost information is available. All expenditure incurred during the year on Consecrated or Benefice buildings and movable church furnishings, whether maintenance or improvement, is written off as expenditure in the SOFA and Separately disclosed. Investments Investment properties are externally revalued every 5 years. All interim revaluations are carried out by the Tru5tee5 at the reporting date. Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently. they are measured at fair value with changes recogni5ed in 'net gains I Ilossesl on investments, in the SOFA if the shares are publicly traded or their fair value can otheTwise be measured reliably. Other investments are measured at C05t less impairment. Current asset investments are short term highly liquid investments and are held at fair value. These include cash on deposit and cash equivalents with a maturity of le55 than one year. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change In value. Fund structure Unrestrictedfunds Unrestricted income funds are general funds that are available for use at the trustees, discretion in furtherance of the objectives of the charity. These represent the remaining income funds of the PCC and its churches that are av3ilabSe for spending on the general purposes of the PCC and its churches. Restrictedfund5 Restricted income funds are those donated for use in a particular area or for specific purposes. the use of which is restricted to that area or purpose. Restricted funds are detailed in the notes to the accounts. Endowment Funds These are restricted funds that must be retained as trust capltal either permanently or subject to a discretionary power to Spend capital as income and where use of any income or other benefit derived from the capital may be restricted or unrestricted. Full details of these restriction5 are shown in the notes to the accounts. 16
The PARISH and BENEFICE of BRIDPORT Notes to the Flnanclal Statements for the year ended 31 December 2022 Total 2022 2 Income and endowments Unrestricted Restricted Endowment Funds Funds Funds Total 2021 2a Voluntary giving: Regular or planned giving Collertions All other giving or donations Legacies received Grants Gift aid recovered 96,321 8,949 18,032 100,640 7,461 26,881 258,284 685 97,006 8,949 23,130 100,640 10,543 26,881 267,149 3,038 270.187 107,899 4,716 34,893 2,000 9,087 18,891 177,486 35,681 213,167 5.098 3,082 8,865 3,038 11,903 Held for Cupboard Love 258,284 2b Income from church activities: Hall or church lettings Fund-raising books, magazines and publications The Bridge Community Magazine 14.136 14,136 6,737 85 5,300 19,436 24,126 43,562 19,474 19,474 366 19,840 24,774 38,910 24,492 63,402 17,149 23,971 13,830 37,801 Fees for wedding and funerals 2c Income generated from events: Fundraising events or activities 8,696 8,696 496 496 9.192 9.192 3,936 3,936 2d Income Irom investments: Dividends Bank and other interest Rent from property/investments 8,684 1,887 7,210 17,781 2,882 1,079 11,566 2,966 7,210 21,742 11,227 36 7,210 18,473 3,961 2e Other incoming resources: VAT refunds Friends organisations Other 881 881 742 3,549 1,121 5,412 4,256 3,629 4,510 3,629 4,510 Parochial fees account External charitles 3,325 3,325 3,325 7,835 4,510 9,668 Totsl Income 332,833 39,525 372,358 283,045 17
The PARISH and BENEFICE of BRIDPORT Notes to the Flnancial Statements for the year ended 31 December 2022 3 Expenditure Unrestricted Restricted Endowment Funds Funds Funds Total 2022 Total 2021 3a Church Ministry and Activitie5: Missiona and charitable ivin International missionslrelief agencies Local or national missionslrelief Specific charity donations 450 900 361 990 4,370 5,721 811 1,890 4.370 7,071 2,766 574 3,340 70,531 73,871 1,350 Cupboard Love transfers 1,350 5,721 7,071 Outreach and Communit Community Mission and Evangelism Cost of The Bridge Community Magazine 2,733 3,581 6,314 13,850 13,850 11,684 2,733 17.431 20,164 13,128 Salaries remuneration and HR: Administrator/other HR costs Payment to vergers, choirs, bellringers Payment to organist5 8,400 3,124 9,951 21.475 111,939 133,414 2,775 11,175 3,124 10,634 24,933 111,939 136,872 11.331 4,412 8,210 23,953 106.605 130,558 683 3,458 Diocesan Fairer Share 3,458 Total Church Ministry and Actlvltles 137,497 26,610 164,107 217,557 3b Church Running Expenses: Services and Fabric: Supplies for services Health & safety, eleaning supplies Hall/rental property costs Churthyard General repairs and maintenance 1,475 2,227 2,127 8,636 20,069 34,534 28 1,503 2,227 2,127 8,636 20.115 34,608 1,973 4,868 7,556 23,549 37,946 46 74 Ma or works and re Major repairs airs- 17,206 17,206 17,206 17,206 30,274 30,274 Church ex Music related AccountinE fees Bank charges Instsrance ense5 external 2,268 2.634 168 16,875 18.322 40,267 2,268 2,634 373 16,875 18,322 40,472 3,192 205 16,149 7,344 26,890 205 205 18
The PARISH and BENEFICE of BRIDPORT Notes to the Financial Statements for the year ended 31 December 2022 Totsl 2022 3 Expendlture Unrestrlcted Restrirted Endowment Funds Funds Funds Total 2021 3b Church Running Expenses lcontlnued): Cler staff and arish Ex Off ice administration, stationery etc Photocopier and office equipment Communications Books, magazine5 and publications Other clergy resources Travel and parking Training and development Sundrie5, including gifts Garden Hospitality Any other expenditure enses.. 2,120 1,318 3,812 271 15981 1,609 3,837 537 996 339 3,755 17,996 3,538 21,534 2.120 1,318 3,812 271 1598) 1,609 3,837 537 996 339 3,755 17,996 3,538 21,534 2,251 1,322 {6151 729 16,6831 12,9961 Parochial fees account 12,996 Total Church Running Expense5 113,541 279 113,820 92,114 3c Raising Funds: Stewardship costs Cost of fund-iaising events Total Raisin8 Funds li 338 349 802 802 802 4 Analysls of Expenditure including Allocatlon of Support Costs Direct Costs Support Costs Total 2022 Totsl 2021 Church running and maintenance 55.266 46 55,312 53,529 2022 2021 Accountancy Fee Independent Examination 960 1.410 933 2,277 4a Charitable Payments 2022 2021 Charitable items to familles and individuals 3,633 3,873 19
The PARISH and BENEFICE of BRIDPORT Note5 to the Financial Statements for the year ended 31 December 2022 2022 5 Staff Costs 2021 Wages and salaries Employers National Insurance contributions 8,400 15,400 8,400 15,400 Average number of employees -full-time equivalents There were no employee benefits to key management personnel in the current or previous year. Trustees remuneratlon and expenses No remuneration was paid out of the f unds of the charlty in the year to any trustee for their services as a trustee. Trustees expenses are detailed in Note 5a. 5a Related Parties Payments to PCC member5 or their related persons for fees and services were'.- Team - Revd P Stone Ire family member organist) 4 clergy were paid in aggregate £1,609 in respect of travel during the year. 12021.. 4 clergy £7291. I trustee was paid in aggregate £9 in respect of printing and 5tationery12021.. 1 trustees £1871. Clergy and other PCC Members have been reimbursed for expenses properly incurred in the performance of their duties. Reimbursement towards the cost of educational material, clerical apparel and travel has been made to persons in training for further Church Office who may be PCC members. 2022 2021 189 Other than the foregoing no travel and subsistence has been paid. Donations in the normal course of giving have been received from related parties IPCC members). 6 Fixed Assets 6a Tangible Fixed Assets Copier Total Cost At 1st January 2022 Additions At 31st Dember 2022 3.420 3,420 3,240 3,240 Depreclatlon At 1st January 2022 Charge for the year At 315t December 2022 3,420 3,420 3,420 3,420 Net Bookvalue At 31st December 2022 At 31st December 2021 The use of Walditch Church Hall was donated to the village on a 35 year lease in 1997 at an annual peppercorn rent. No value has been included. 20
The PARISH and BENEFICE of BRIDPORT Notes to the Financlal Statements for the year ended 31 December 2022 6b Inve5tment5 2022 2021 Market value at 1st January 2022 Revaluation gainslllossesl Market value at 31st December 2022 718,516 149,242) 669,274 666,153 52,363 718,516 The investments are.. Year of 2022 2021 Purchase Original Original Cost Cost 2022 2021 Valuation Valuation St Swithun's Allin ton Legacy Investment:CBF Investment Share5 1822 Various 1722 1997 1806 2015 5062 2017 10412 N/a 15,000 20,000 80,618 N/a 15,000 20,)0 80,618 37,644 35.578 37,313 104,584 215,119 42,666 40,325 42,292 118,538 243,821 Fabric Fund - CBF Property Income Shares 14250 2018 20.042 20,042 18,599 21.071 Nadia Muton Fund-CBF Investment Shares 3356 Various 426 1997 370 1998 325 20CO 329 2001 383 2002 423 2004 385 2006 5997 N/a 3,896 3,896 3,896 3,847 3,840 3,846 3,846 N/a 3,896 3,896 3,896 3.847 3.840 3.846 3.846 69,346 8,802 7.645 6,716 6,798 7,914 8,741 7,956 123,918 78,599 9,977 8.665 7.612 7,705 8,970 9,907 9,017 140,452 At 31st December 2022 Total CBF Investment Shares N/a Nla N/a 357,636 405,344 Bequest 1870 Cox Charity.. COIF Income Share5 Total N/a loo loo 4,762 5,388 362,398 410,732 Hol Trinit Brad ole Lloyds Bank Shares IEX. H80S Shares- bequeathed 9 Sep, '981 Total 81 1998 37 33 37 33 Stma 's Brid ort Cox's Trust, CBF Investment Shares 331 N/a 300 300 6,839 7,751 Total 6,839 7,751 St Mar 's Walditch School House N/a Nla N/a 300,000 300,000 Total 300,000 300,000 669,274 718,516 21
The PARISH and BENEFICE of BRIDPORT Notes to the Financial Statements foi the year ended 31 December 2022 7 Debtor5 and Prepayments 2022 2021 Gift Aid recoverable Prepayments Other debtors 14,472 485 813 15,770 12,601 459 1,264 14,324 8 Liabilities Amounts falling due within one year.. Accruals Creditors for goods and services Other creditors 2022 2021 5,900 3,560 26,359 35,819 2,514 36,991 39,505 9 Funds: 2022 2021 Restricted Funds: St Swithun's. Allington Nadia Muton Fund - restriction St Swithun's Repairs fund Cox's Charity fund Various minor fund5 123,918 18,599 810 4,190 147,517 140,452 21.071 262 14,250 176,035 Holy Trinity, Bothenhompton Church Building Fabric Fund 71,618 71,618 97,105 97,105 Holy Trinity. Brodpole Various minor f unds 37.035 37,035 37,035 37,035 St Mory s, Bridport Stonework Fabric Altar Linen Hampers General Compassion UK Discretionary RICW Flowers Cupboard Love 5,655 2.799 3,113 2,896 7,257 5.582 2.809 2,870 4,233 6,311 17291 396 49 17,523 39,044 396 21 23,766 45,903 St Mory s, Wolditch None Stjohn's, West Boy PCC. Fees Account and The Bridge None Warm Spaces Ukraine support The Bridge bank account 3,082 390 10,866 14,338 7,886 7,886 Totsl Restricted Funds 316,411 357,105 22
BRIDPORT PAROCHIAL CHURCH COUNCIL Pjotes to the Flnancial Statements for the year ended 31 December 2022 Endowment Funds: St Swithun's Allin ton Cox's Charity 262 COIF Income Share5 ex £100 bequest in 1870 2022 2021 4,762 5,388 The use of this Trust is restricted to the poor of Parish of Allington charity's objectives. The support is usually of monetary assistance at the discretion of the charity. Stma 's Brid ort Altar.. Cox Legacy- 331 CBF Investment Shares 6,839 7,751 11,601 13.139 Related Charities These charities are both separate legal entities which support the work of the PCC in accordance with their charity's objectives. The support is usually of monetary assistance at the discretion of the charity. Friends of St Ma 's Brid ort The charity has funds avai53ble of £12,012 as at 31 December 2022 1£11.952 at 31 December 20211. Friends of Hol Trini Church Brad ole The charity has funds available of £159,831 as at 31 December 20221£158,059 at 3 February 20221. Other Trusts Additionally there are the following Trusts letcl which may be under the control of the Diocese, churchwardens or incumbents rather than the PCC and have been excluded from these accounts. 2022 2021 St Swithun's Allin ton Mccarthy Trust 7,004 6,945 10 Summary of Fund Movements Unrestricted Restrlcted Endowment Total Balance at I january 2022 Income and endowments Expenditure Investment gains/llosse51 Transfer between funds Balance at 31 December 2022 765,182 332,833 1251,8401 128,6981 34,324 851,801 357,105 39,525 126,889} 119.0061 134,3241 316,411 13,139 1,135,426 372,358 1278,7291 149.2421 11.5381 11,601 1,179,813 23
The PARISH and BENEFICE of BRIDPORT Notes to the Financial Statements lor the year ended 31 December 2022 Unrestrirted Restricted Endowment 11 Summary of Assets by Fund Total Investment fixed assets Current assets Liabilities falling due within one year 515,156 375,507 138.8621 851,801 142,517 174,537 16431 316,411 11,601 669,274 550,044 139,5051 1,179,813 11,601 Ilb B Fundholder Hol Trinit Bothenham Current assets Liabilities falling due wlthln one year ton 23,102 71,746 11281 71,618 94,848 11281 94,720 23,102 Hol Trinit Brad ole Investment fixed assets Current assets Llabilities falling due within one year 37 136,956 37 173,991 37,035 136,993 37.035 174,028 St John's West Ba Current assets 62,146 62,146 62,146 62,146 St Mar 's Brid ort Investment fixed assets Current assets Held for Cupboard Love Liabilities falling due within one year 6,839 6,839 68,867 23,766 131,7411 67,731 46,730 22,137 23,766 131,7411 14,989 45,903 6,839 Stma 's Walditch Investment fixed assets Current assets Liabilities falling due within one year 300,000 28,904 19821 327,922 300.000 29,039 11,1171 327,922 135 11351 St Swithun's Allin ton Investment fixed assets Current assets Liabilities falling due within one year 215,119 44,629 142,517 5,380 13801 147,517 4,762 362,398 50,009 13801 412.027 259.748 4,762 PCC Fees Account and The Brid Current assets Liabilities falling due within one year 33,040 16,1391 26,901 14,338 47,378 16,1391 41,239 14,338 Total Funds 851,801 316,411 11,601 1,179,813 24
The PARISH and BENEFICE of BRIDPORT Notes to the Financial Statements for the year ended 310ecember 2022 12 Potential costs Quinquennial inspection dates are given for guidance The following estimates are foreseeable Date of last quinquennial inspectlon Potential cost of minor work5 and repairs: Urgent lin Within Within Withln next 6 months) l Year 2 Years 5 Years Holy Trinity, Bothenhampton March 2019 Holy Trinity, Bradpole November 2022 St John's, West Bay December 2021 St Mary's. Brldport October 2020 St Mary's, Walditch November 2022 St 5withun's, Allington July 2021 500 2,000 1,500 1,000 3,000 900 3.750 5.000 7,500 20,000 Potential cost of major projerts and work5: Urgent lin Within Within Within next 6 months) l Year 2 Years 5 Years Holy Trinity, Bothenhampton March 2019 Holy Trinity, Bradpole November 2022 St John's, West Bay December 2021 St Mary's. Bridport October 2020 St Mary's, Walditch November 2022 St Swithun's, Allington July 2021 1,000 40,000 5,000 2,000 10,000 23.00) 45,000 50,000 ioo,o 1.500,000 25