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

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		Page
Report ofthe Trustees	1	to	8
Independent Examiner's Report
Statement ofFinancial Activities		10
Statement ofFinancial Position
Statement ofCash Flows		12
Notes to the Statement ofCash Flows		13
Notes to the Financial Statements	14	to	22
Detailed Statement ofFinancial Activities	23	to	24

CLERGY
Team Rector	The Revd Gaz Daly
Team Vicar	The Revd Gary Neal
Assistant Pastor	Mr Andrew Poole (until October 2022)
PARISH WARDENS	Mr Andrew Rayner
	Miss Katie Gould
DEPUTY-WARDENS
StMary' s	Mrs Debbie Attwood
	Mr Philip Nokes
St Stephen's	Mrs Mary Stewart
	Mr David House
Queen Street	Mr George Woollard
DEANERY SYNOD
	Mrs Liz Farrow
	Mr John Whitehead
	Mrs Patricia Stevens
PCC REPRESENTATIVES
St Mary' s	Mrs Trish Westram
	Mrs Tusa Clark
	Mr Samuel Gnanaratnam
PCC TREASURER	Mr Geoifi ey Gair
PCC SECRETARY	Miss Kate Greenfield

					2022	2021
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Notes			f	8
INCOMING RESOURCES FROM
CHARITABLE ACTIVITIES FROM
Voluntary income			347,630		347,630	450,810
Charitable activities
Church Activities			9,429		9,429	5,111
Activities for generating	funds		20,012		20,012	11,240
investment income			19,272		19,272	30,971
Other income			174,619		174,619	686
Total			570,962		570,962	498,818
EXPENDITURE ON
Charitable activities
Church Activities			480,347		480,347	924,385
Charitable activities			37,995		37,995
Total			518,342		518,342	924,385
NET INCOME/(EXPENDITURE)			52,620		52,620	(425,567)
Transfers between funds		12	94,756	(94,756)
Net movement in funds			147&376	(94,756)	52,620	(425,567)
RECONCILIATION	OF FUNDS
Total funds brought forward			959&624	289,139	1,248,763	1,674,330
TOTAL FUNDS CARRIED FORWARD			1&107,000	194,383	1801,383	1,248,763

						2022	2021
		Vaesbia&		Resictcd		Total	Total
FIREDASSETS Tang'rble assets	Nois 10	funds 8 ~1		loads		funds f	feeds 634,617
		710,761				905,144	6l4,148
		710,761					614,148
						(2)	(2)
		710,759		194303		905,142	614,146
TOTAL ASSETS LESSCURRENT LIABILITIES		4107dt00		194r383		Iryal~	1,248,763
		1407+00		194383		IWI~	1,248,763
FUNDS	12
Unrestricted gmdsr Ustetdcdcd- General Designated -Ooirupuumial and AudiorVisoal -Parisb Centre Fund						70,752 401W3	88?„316 77.308
						1,1073t00	959,624
Restricted dmds: Restricted - St bfarjhs ~ndmlng Restricuxi -Parisb Youth Wodr. Restricted -Cbibbesu Pastor Salary						53dt33 129/00 11~	119,404 l58,485 l1,250
						194383	289,139
TOTAL FUNDS						1POIPN	1,248,763
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				2022	2021
			Notes	f	g
Cash flows from operating activities Cash generated &om operations				(141,271)	(457,224)
Net cash used in operating	activities			(141,271)	(457,224)
Cash flows from investing activities Other income Sale ofheritage assets Withdrawals &om deposit accounts Sale ofinvestment property Interest received				9,527 165,092 238,376 19,272	686 826,831 30,971
Net cash provided by investing activities				432,267	858,488
Change in cash and cash the reporting period	equivalents	in		290,996	401,264
Cash and cash equivalents beginning ofthe reporting	at the period			614,148	212,884
Cash and cash equivalents the reporting period	at the end	of		905,144	614,148

RECONCILIATION OFNET INCOME/(EXPENDITURE)	TO NET CASH FLOW FROM
OPERATING ACTIVITIES

RECONCILIATION OFNET INCOME/(E OPERATING ACTIVITIES	XPENDITURE) TO NET	CASH FLOW FROM
		2022	2021
Net income/(expenditure) for the reporting Statement ofFinancial Activities)	period (as per the	52,620	(425,567)
Adjustments for: Profit on disposal offixed assets Interest received		(174,619) (19,272)	(686) (30,971)
Net cash used in operations		(141,271)	(457,224)

ANALYSIS OFCHANGES IN NET	FUNDS
	At 1.1.22	Cash flow	At 31.12.22
			f
Net cash
Cash at bank	614,148	290,996	905,144
	614,148	290,996	905,144
Total	614,148	290,996	905,144

				2022	2021
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		5		g	5
Planned giving CoRection at services		188,015 16,122		18$,015 16,122	194,719 7,783
Donations Income tax	and appeals recoverable	74,242 51,418		74,242 51,418	75,687 44,450
Grants		16,$33		16,833	91,435
Legacies		1,000		1,000	36,736
		347,630		347i630	450,810
ACTIVITIES FOR GENERATING FUNDS				2022	2021
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		5
Room hire		20,012		20,012	10,721
Other					519
		20,012		20,012	11,240
INVESTMENT INCOME
				2022	2021
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
Interest received and Rental income		19,272		19,272	30,971

5.	INCOME	FROM CHARITABLE ACTIVITIES
				2022	2021
		Activity
	Fees	Church Activities		9,429	5,111
6.	CHARITABLE ACTIVITIES COSTS
				Support
			Direct	costs (see
			Costs	note 7)	Totals
	Church Activities		480,347		480,347
	Charitable	activities	34,449	3,546	37,995
			514,796	3,546	518,342
7.	SUPPORT	COSTS

		Governance
		costs
Charitable	activities	3,546

There were no trustees' expenses paid for the year ended 31 December 20 31 December 2021.	There were no trustees' expenses paid for the year ended 31 December 20 31 December 2021.	There were no trustees' expenses paid for the year ended 31 December 20 31 December 2021.	22 nor for the	year ende
COMPARATIVES FOR THE STATEMENT OFFINANCIAL ACTIVITIES
		Unrestricted	Restricted	Total
		funds	funds	funds
INCOMING RESOURCES FROM
CHARITABLE ACTIVITIES FROM
Voluntary income		450,810		450,810
Charitable activities
Church Activities		5,111		5,111
Activities for generating	funds	11,240		11,240
Investment income		30,971		30,971
Other income		686		686
Total		498,818		498,818

9.	COMPARATIVES FORTHE	COMPARATIVES FORTHE	STATEMENT	OFFINANCIAL	ACTIVITIES	-continued
					Unrestricted	Restricted	Total
					funds	funds	funds
						g
	Charitable activities
	Church Activities				924,385		924,385
	NET INCOME/(EXPENDITURE)				(425,567)		(425,567)
	Transfers between funds				388,606	(388,606)
	Net movement in funds				(36,961)	(388,606)	(425,567)
	RECONCILIATION	OFFUNDS
	Total funds brought forward				996,585	677,745	1,674,330
	TOTAL FUNDS CARRIED FORWARD				959,624	289,139	1,248,763
10.	TANGIBLE FIXEDASSETS
					Moveable
			Freehold	Plant and	church
			property g	machinery	furnishings	Equipment f	Totals
	Cost
	At I January 2022		634,617	1,291	74,426	29,695	740,029
	Disposals		(238,376)				(238,376)
	At 31 December 2022		396,241	1,291	74,426	29,695	501,653
	Depreciation
	At I January 2022 and
	31 December 2022			1,291	74,426	29,695	105,412
	Net book value
	At 31December 2022		396,241				396,241
	At 31December 2021		634,617				634,617

Freehold land	and property
Freehold land
Rear ofQueen Street				16,057
Freehold property
Broadwater	centre	1987		140,682
Clergy houses
67Normandy	Road	1995	93,804
37Angola Road		1997	145,698	239,502
53 Lavington	Road (sold in 2022)	2008
TOTAL				396,241

						2022	2021
Other creditors						2	2
MOVEMENT IN FUNDS
					Net	Transfers
					movement	between	At
				At 1.1.22	in funds	funds	31.12.22
					6
Unrestricted funds
Unrestricted	- General			882,316	52,620	(3009681)	634,255
Designated	- Quinquennial		and
Audio/Visual				77,308		(6,556)	70,752
Designated	- Parish Centre		Fund			401,993	401,993
				959,624	52,620	94,756	1,107,000
Restricted	funds
Restricted -	StMary's	Re-ordering		119,404		(65,571)	53,833
Restricted -	Parish Youth Work			158,485		(29,185)	129,300
Restricted -	Childrens	Pastor Salary		11,250			11,250
				289,139		(94,756)	194,383
TOTAL FUNDS				1,248,763	52,620		19301,383

							Incoming	Resources	Movement
							resources	expended	in funds
Unrestricted		funds
Unrestricted		-General					570,962	(518,342)	52,620
TOTAL FUNDS							570,962	(518,342)	52,620
Comparatives		for movement			in funds
							Net	Transfers
							movement	between	At
						At 1.1.21	in funds	funds	31.12.21
Unrestricted		funds
Unrestricted	-General					882,678	(425,567)	425,205	882,316
Designated -		Quinquennial		and
Audio/Visual						113,907		(36,599)	77,308
						996,585	(425,567)	388,606	959,624
Restricted funds
Restricted -	St Mary's		Re-crderiug			476,534		(357,130)	119,404
Restricted -	Parish Youth Work					193,711		(35,226)	158,485
Restricted -	Childrens		Pastor Salary			7,500		3,750	11,250
						677,745		(388,606)	289,139
TOTAL FUNDS						1,674,330	(425,567)		1,248,763
Comparative		uet movement		in	funds, included	in the above are as follows:
							Incoming	Resources	Movement
							resources	expended	in funds
Unrestricted		funds
Unrestricted	-General						498,818	(924,385)	(425,567)
TOTAL FUNDS							498,818	(924,385)	(425,567)

				Net	Transfers
				movement	between	At
			At 1.1.21	in funds	funds	31.12.22
						f
Unrestricted funds
Unrestricted -General			882,678	(372,947)	124,524	634,255
Designated - Quinquennial		and
Audio/Visual			113,907		(43,155)	70,752
Designated - Parish Centre		Fund			401,993	401,993
			996,585	(372,947)	483,362	1,107,000
Restricted funds
Restricted - StMary's	Re-ordering		476,534		(422,701)	53,833
Restricted - Parish Youth Work			193,711		(64,411)	129,300
Restricted - Childrens	Pastor Salary		7,500		3,750	11,250
			677,745		(483,362)	194,383
TOTAL FUNDS			1,674,330	(372,947)		1,301,383

	Incoming	Resources	Movement
	resources	expended	in funds
Unrestricted funds
Unrestricted - General	1,069,780	(1,442,727)	(372,947)
TOTAL FUNDS	1,069,780	(1,442,727)	(372,947)

				2022	2021
		Unrestricted	Restricted	Total	Total
		ftmds	funds	funds	fuads
				8
INCOMING RESOURCES FROM CHARITABLE ACTIVITIES
Voluntary income
Planned giving		188,015		188,015	194,719
Collection at services		16&122		16,122	7,783
Donations and appeals		74&242		74,242	75,687
Income tax recoverable		51,418		51,418	44,450
Grants		16,833		16,833	91,435
Legacies		1,000		1,000	36,736
		347,630		347,630	450,810
Activities for generating	funds
Room hire		20,012		20,012	10,721
Other					519
		20,012		20&012	11,240
Investment income
Interest received and Rental income		19,272		19,272	30,971
Charitable activities
Fees		9,429		9,429	5,111
Other income
Other income		9,527		9,527	686
Gain on sale ofheritage	assets	165,092		165,092
		174,619		174,619	686
Total incoming resources		570,962		570,962	498,818
EXPENDITURE
Charitable activities
Missionary and charitable	giving	32&332		32&332	30,339
Ministry costs		146,916		146,916	144,412
Church running expenses		72,670		72,670	45,417
Office salaries		124,009		124&009	125,257
Light and heat		19,327		19,327	14,711
Maintenance, Security dc	Repair	21&299		21,299	63,817
Carried forward		416,553		416,553	423,953

				2022	2021
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
Charitable activities
Brought forward		416,553		416,553	423,953
Administration		10,028		10,028	11,064
Insurance		79281		7,281	7,277
Obligations k,	subscriptions	2,117		2,117	2,701
StMary's Re-Ordering		78,817		78,817	476,921
		514,796		514,796	921,916
Support costs
Governance	costs
Accountancy	and legal fees	3,546		3,546	2,469
Total resources	expended	518,342		518,342	924,385
Net expenditure		52,620		52,620	(425,567)