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2022-12-31-accounts

Charity No: 1134014

REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED

31 DECEMBER 2022

FOR

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BARDSEY

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BARDSEY

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

Page
Legal and Administrative Information 1
Trustees’ Report 2 - 7
Independent Examiner’s Report 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Financial Statements 11 - 15

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BARDSEY

LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2022

Trustees: Reverend Angela Hannafin
Mrs Jacqueline Earnshaw
Mrs Fiona Siekierkowski
Mr Philip Jones
Mrs Susanne Lifford
Mr Peter Lord
Mrs Charlotte Meek
Dr Eliza McIntosh
Mrs Helen Render
Mr Robert Siekierkowski
Reverend Dr Anna Wallis
Mr Terry Wheeler
Dr Marjorie Wilson
Parish Administrator: Dr Catriona Brent
Contact Details: The Parish Administrator
Callister Hall
Woodacre Lane
Bardsey
Leeds
LS17 9DG
Telephone 01937 574273
Email bardseyparishchur@btinternet.com
Web www.bardseypcc.org.uk
PCC Treasurer: Mrs Elizabeth Otty
Independent Examiners: Temporal Lennon & Company Limited
Chartered Accountants
Suite 1
1 The Crescent
Adel
Leeds
LS16 6AA
Bankers: Barclays Bank
Leicester
LE87 2BB

1

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BARDSEY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021

Aim and purposes

The Parish of Bardsey Parochial Church Council (P.C.C.) is a public benefit entity within the meaning of FRS102 and has the responsibility of co-operating with the Incumbent, in promoting in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic, social and ecumenical. The trustees have had regard to the Charity Commission’s guidance on public benefit. The P.C.C. is also responsible for the care and maintenance of two churches: the Parish Church of All Hallows in Bardsey and the Church of Saint Mary Magdalene in East Keswick, together with their respective churchyards, both of which remain open for burials and the interment of ashes. A further responsibility extends to the care and maintenance of the church hall in Bardsey, known as The Callister Hall.

Objectives and Activities

The P.C.C. is committed to enabling as many people as possible to worship at our churches and to become part of our parish community. The P.C.C maintains an overview of worship throughout the parish and makes suggestions on how our services can involve the many groups that live within our parish. Our services and worship put faith into practice through prayer and scripture, music and sacrament.

When planning our activities for the year, we have considered the Commission's guidance on public benefit and, in particular, the supplementary guidance on charities for the advancement of religion. In particular, we try to enable ordinary people to live out their faith as part of our parish community through:

To facilitate this work, it is important that we maintain the fabric of the Parish Church of All Hallows, The Church of Saint Mary Magdalene and The Callister Hall.

Reference and Administration details

The Parochial Church Council of the Ecclesiastical Parish of Bardsey is a registered charity – registration granted on 3rd February 2010. The official name of the charity is:

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BARDSEY

Registration number 1134014 Working name: Bardsey with East Keswick P.C.C.

The Ecclesiastical Parish of Bardsey includes the villages and communities of Bardsey, East Rigton, East Keswick, Wike, Wothersome, and parts of Scarcroft. The parish boundaries stretch from the A61 Leeds/Harrogate Road in the west almost to the A1 road at Bramham in the east. It is part of the East Leeds Deanery in the Archdeaconry of Leeds and the Diocese of West Yorkshire and the Dales.

Members of the Parochial Church Council are either ex-officio or elected at the Annual Parochial Church Meeting (A.P.C.M.) in accordance with the Church Representation Rules (2020).

2

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BARDSEY

REPORT OF THE TRUSTEES (CONTINUED….)

During 2022 the following served as trustees of the charity:

Incumbent: Reverend Angela Hannafin Chairperson Priest with Permission to Reverend Dr Anna Wallis From December 2021 Officiate Churchwardens: Mrs Jacqueline Earnshaw All Hallows - from 2015 Mrs Fiona Siekierkowski Saint Mary Magdalene - from 2016 Deanery Synod members Mr Robert Siekierkowski retiring 2023: Mr Terry Wheeler From October 2020 Vacant Elected trustees retiring 2023: Mrs Charlotte Meek Parish and All Hallows Safeguarding Officer Mrs Helen Render Parish Baptism Secretary Dr Eliza McIntosh PCC Secretary Non trustee Mrs Elizabeth Otty Parish Treasurer

Structure, Governance and Management

The Parochial Church Council (P.C.C.) is a body established by the Church of England. The P.C.C. operates under the Parochial Church Council Powers Measure 1956 and the Church Representation Rules 2020

The method of appointment of P.C.C. trustees is as set out in the Church Representation Rules 2020. Newly appointed P.C.C. trustees are introduced into their roles and responsibilities by the Churchwardens.

The P.C.C. has met on eight occasions during the year (six ordinary meetings, one additional meeting to discuss the fuel crisis and one Annual Parochial Church Meeting). These meetings have mostly been in person, although occasionally on Zoom. The average attendance of the ordinary meetings was 81%. There were 100 names on the Electoral Roll at the time of the APCM in May 2022.

All meetings include the review of the reports of P.C.C. subcommittees and the sanctioning of any actions as required. The main subject under discussion during 2022 was the future of the parish, how to be more inclusive, as well as the ongoing routine management of our buildings and churchyards, and matters of finance and stewardship.

The P.C.C. operates through a number of subcommittees. They meet between the meetings of the P.C.C., as and when required, and make regular reports to the P.C.C. either verbally at the meeting or by presentation of any meeting minutes.

The P.C.C. this year has held more discussion during the meetings, in order to allow members to address pressing issues impacting our parish. Reports are sent out in advance, and P.C.C. members are expected to read them before the meeting.

3

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BARDSEY

REPORT OF THE TRUSTEES (CONTINUED….)

Structure, Governance and Management (Continued...)

Standing Committee: Has the power to transact the business of the P.C.C. in between official meetings as and when necessary. All Hallows Church Council: Is responsible for the mission and maintenance of the Parish Church of All Hallows and its churchyard. Saint Mary Magdalene Church Is responsible for the mission and maintenance of the Church of Saint Council: Mary Magdalene and its churchyard. Finance Committee: Is responsible for directing and monitoring income, expenditure and budgeting, and co-ordinating the Christian stewardship of money through planned giving.

The P.C.C. supports a parish office, situated in the Callister Hall. This office is managed by the Parish Administrator and is open every weekday afternoon.

Achievements and Performance

The Reverend Angela Hannafin is the Incumbent of the Parish (half time) and also Lay Training Officer (half time) with responsibility for Mission and Discipleship in the Diocese of Leeds. The Reverend Dr Anna Wallis was licenced as Priest with Permission to officiate in our Parish from December 2021.

Our normal times of services are: -

First Wednesday of the month 11.00 - Holy Communion at Saint Mary Magdalene First Sunday: 08.00 & 10.45 - Holy Communion at All Hallows 09.15 - Holy Communion at Saint Mary Magdalene Second Sunday 08.00 - Holy Communion All Hallows 09.15 – Family Worship at Saint Mary Magdalene 10.45 - Family Worship at All Hallows Third Sunday 08.00 – Morning Worship at All Hallows 09.15 – Holy Communion at Saint Mary Magdalene 10.45 - Holy Communion at All Hallows Fourth Sunday 08.00 - Holy Communion All Hallows 09.15 - Morning Worship at Saint Mary Magdalene 10.45 - Morning Worship at All Hallows Fifth Sunday A joint service is held at either church or at our local Methodist Church

NB – From October to the end of the year and due to the increase in fuel costs for heating, the number of services held were reduced, with only one church being open on alternate Sundays. This will be reviewed at the end of January 2023.

Our churches, which are normally publicly open during day light hours, were closed to daily visitors for the early part of the year due to Covid but are now open again and remain so at year end. Both churches now feature a Children’s Craft area which is used during the week and proving popular with local families.

4

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BARDSEY

REPORT OF THE TRUSTEES (CONTINUED….)

Achievements and Performance (continued…)

In 2022 we held 16 baptisms and 8 weddings. 7 funerals have taken place, 7 people have been buried and the cremated remains of 13 people have been interred in our churchyards.

Bardsey playgroup, as registered local authority childcare provider, uses the Callister Hall for much of the year. Other local groups also use this building during the week. We are currently experimenting with using the Callister Hall as a social space for local residents to have a community lunch.

During the year we have continued our mission into the community in a number of ways: -

Financial Review

Planned income, plus other giving in 2022, remained very much the same as 2021 (£52,521 in 2022 and £53,520 in 2021) and significantly lower than in the previous years (£81,240 in 2020 and £70,275 in 2019). This must be seen as a matter of concern for the future financial viability of the parish.

However, overall income in 2022, was significantly raised due to several very generous donations totalling £34,362. Within this total were donations specifically requesting amounts be given to social charities of the PCC’s choice. This has been actioned with £7,250 distributed during 2022 and a remaining £5,750 for

5

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BARDSEY

REPORT OF THE TRUSTEES (CONTINUED….)

Financial Review (continued…)

distribution in 2023. Rental income from the Callister Hall shows an increase (£5,150 in 2021 to £7,886 in 2022), so too Newsletter advertising (£685 in 2021 to £1,285 in 2022) both in response the lifting of Covid restrictions.

Expenditure shows a £11,964 increase when compared with 2021, this due to ever increasing inflationary costs especially in newsletter printing (£1,736 in 2021 to 3,367 in 2022) and utility costs (£4,363 in 2021 to £6,954 in 2022). Increases were also seen in management and administration, building maintenance and employment costs. Parish share was paid in full but only with the withdrawal of £18,000 from investment funds.

The Parish continues to benefit from the East Keswick Churchyard Endowment fund with dividend income from this fund paying for the maintenance and upkeep of the East Keswick churchyard. However the total value of the Parish investment funds has fallen in the year by £54,389 due to withdrawals to pay parish share and the value of the stock market.

Inflation is the pressing issue for the coming year, and it is important to note that the increase in utility costs only reflects the final three months of 2022 when new contracts came into force and would have been much higher if the decision had not been made to close churches on alternate Sundays, so halving the cost of heating. Costs would have been even higher if our churches had not benefited from the Government Business Energy Support Grant. It is predicted that this grant will decrease, or end, early next year and that prices for both gas and electricity will increase again. Furthermore, it must not be expected that 2023 will see the level of donations as given in 2022.

Meanwhile the Parish remains solvent though we must look to seeking to mitigate the impact of the financial challenges that will undoubtedly face us in 2023.

Policy on Reserves

Reserves are managed and invested in order that short, medium and long-term requirements of the Parish can be adequately met and funds made available to satisfy any needs as and when they arise. The P.C.C. has agreed to hold a maximum of £30,000 to satisfy such needs

Volunteers

The church leadership wishes to express its grateful thanks and appreciation to every member of our congregation and many other local people who have tirelessly and enthusiastically given their time and support to the parish throughout 2022.

Fabric and Maintenance Report

During 2022 All Hallows, Saint Mary Magdalene and the Callister Hall have undergone the annual statutory inspections required for fire extinguishers and gas safety. The lightning protection on both churches has been inspected and tested and the two church organs have been serviced. Routine maintenance of the grass, hedges and trees in both churchyards has also continued.

Other works: All Hallows –

No major work has been required during the year.

Saint Mary Magdalene –

The interior of the church has been redecorated.

Callister Hall

No major work has been required during the year.

6

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BARDSEY

REPORT OF THE TRUSTEES (CONTINUED….)

Risk Management

Safeguarding

The P.C.C recognises the importance of its responsibilities to the needs of all vulnerable adults and young people and abides by all Government and Diocesan policy requirements. All P.C.C members have undertaken online safeguarding training during and our safeguarding polices are displayed on our notice boards and our web site. Safeguarding matters are discussed at all P.C.C meetings, reviewed annually and full written policy for the parish is available from the Parish office.

Health and Safety

The health and safety of the users of our premises is an ongoing concern as the P.C.C seeks to assess and to monitor all risks relating to its various activities. Health and Safety matters are discussed at all P.C.C meetings, reviewed annually and written polices are held in both churches and the Callister Hall

Approval

This annual report was approved by the Parochial Church Council on 10[th] January 2023 and signed on their behalf by:

………………………………… Incumbent

7

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BARDSEY

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BARDSEY

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2022, which are set out on pages 9 to 15.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of Charities Act 2011 ('the Act').

I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

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:

  1. 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 record; 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 than any 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.

J M G Richardson FCA Temporal Lennon & Company Limited Suite 1 1 The Crescent Adel Leeds LS16 6AA

Date: 7 March 2023

8

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BARDSEY

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022

Notes
INCOME AND ENDOWMENTS
Voluntary Income
2a
Activities for generating funds
2b
Income from investments
2c
Church activities
2d
TOTAL INCOME
EXPENDITURE
Church activities
3a
Raising funds
3b
TOTAL EXPENDITURE
NET INCOME/(EXPENDITURE)
BEFORE INVESTMENT GAINS
NET GAINS/(LOSSES) ON
INVESTMENTS
NET INCOME/(EXPENDITURE)
TOTAL FUNDS BROUGHT
FORWARD
TOTAL FUNDS CARRIED
FORWARD		 Unrestricted
Funds
Restricted
Funds
Endowment
Funds
2022
£
£
£
£
93,219
-
-
93,219
12,930
-
-
12,930
4,161
-
6,302
10,463
9,240
-
-
9,240
119,550
-
6,302
125,852
100,153
27,120
6,870
134,143
3,637
-
-
3,637
103,790
27,120
6,870
137,780
15,760
(27,120)
(568)
(11,928)
0
(18,453)
(35,936)
(54,389)
15,760
(45,573)
(36,504)
(66,317)
377,284
158,569
264,165
800,018
£393,044
£112,996
£227,661
£733,701		 2021
£
68,232
7,138
10,764
9,019
95,153
124,081
1,736
125,817
(30,664)
57,921
27,257
772,761
£800,018

9

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BARDSEY

BALANCE SHEET AS AT 31 DECEMBER 2022

Notes
FIXED ASSETS
Tangible
7a
Investments
7b
CURRENT ASSETS
Debtors
8
Cash at bank and in hand
LIABILITIES
Creditors: amounts falling due in one year
9
NET CURRENT ASSETS
TOTAL NET ASSETS
PARISH FUNDS
Unrestricted
10 & 11
Restricted
10 & 11
Endowment
10 & 11		 2022
£
366,130
332,253
698,383
-
45,528
45,528
10,210
35,318
£733,701
393,044
112,996
227,661
£733,701		 2021
£
366,130
414,642
780,772
-
26,564
26,564
7,318
19,246
£800,018
377,284
158,569
264,165
£800,018

Approved by the Parochial Church Council on __ March 2023 and signed on its behalf by:

……………………………………………….

P.C.C. Chairman

10

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BARDSEY

NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

1. Accounting Policies

Basis of preparation

The P.C.C. 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 P.C.C.'s and with the Regulations' "true and fair view" provisions, together with the provisions of Section 1A "Small Entities" of the 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 under the historical cost convention, except for the valuation of investment assets, which are shown at fair value.

Fixed assets

Consecrated land and buildings

Consecrated and beneficed property is excluded from the accounts by section 10 of the Charities Act 2011.

Freehold property

No depreciation is provided on buildings as the current estimated residual value of the properties is not less than their carrying value and the remaining useful life of these assets currently exceeds 50 years, so that any depreciation charges would be immaterial. An impairment review is carried out each year-end and any resultant loss identified included in expenditure for the year.

Movable church furnishings

No value is placed on movable church furnishings held by the Churchwardens on special trust for the P.C.C. and which require a faculty for disposal since the P.C.C. considers this to be inalienable property. 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 Statement of Financial Activities and separately disclosed.

Other fixtures, fittings and office equipment

Equipment used with the church premises is depreciated on a straight line basis over 10 years. Individual items of equipment with a purchase price of £1,000 or less are written off when the asset is acquired.

Investments

Investments are stated at market value.

Resources used

Grants and donations are included in the Statement of Financial Activities when any preconditions preventing their use by the P.C.C. have been met. For collections and planned giving this is when the funds are received.

Activities directly relating to the work of the Church

The Diocesan share is accounted for as the amount remitted to the Diocese in the year.

11

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BARDSEY

NOTES FORMING PART OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021 (CONTINUED…)

1. Accounting Policies (continued…)

Funds

Unrestricted Funds

These represent the remaining income funds of the P.C.C. that are available for spending on the general purposes of the P.C.C., including amounts designated by the P.C.C. for fixed assets for its own use or for spending on a future project.

Restricted Funds

These are income funds that must be spent on restricted purposes and details of the funds held and restrictions provided are shown in the notes to the accounts.

Endowment Funds

These are restricted funds that must be retained as trust capital either permanently or subject to a discretionary power to spend capital as income, and where the use of any income or other benefit derived from the capital may be restricted or unrestricted. Full details of all their restrictions are shown in the notes to the accounts.

Incoming resources

Recognition of income and endowments

These are included in the Statement of Financial Activities when:

  1. the P.C.C becomes legally entitled to the use of the resources;

  2. and inflow of economic benefit is probable; and

  3. the monetary value can be measured with sufficient reliability.

Other ordinary income

Rental income from letting of church premises is recognised when the rents are due.

Income from investments

Dividends and interest are accounted for when receivable.

2 INCOME AND ENDOWMENTS

2a)
Voluntary Income
Planned giving
Tax recoverable
Other giving
Legacy
Donations
2b)
Activities for generating funds
Callister Hall income
Newsletter and advertising
Listed Places of Worship Grant
Scheme		 Unrestricted
Funds
£
43,768
18,335
8,753
1,000
21,363
£93,219
7,886
5,044
-
£12,930		 Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-		 Endowment
Funds
£
-
-
-
-
-
-
-
-
-
-		 2022
£
43,768
18,335
8,753
1,000
21,363
£93,219
7,886
5,044
-
£12,930		 2021
£
44,282
13,320
9,238
-
1,392
£68,232
5,150
685
1,303
£7,138

12

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BARDSEY

NOTES FORMING PART OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021 (CONTINUED…)

2. INCOME AND ENDOWMENTS (continued…)

2c)
Income from investments
Dividends on CBF investment funds
Bank and CBF deposit funds interest
2d)
Income from church activities
Parish council grant
Parochial fees
3
EXPENDITURE
3a)
Church activities
Church and Hall running costs
Church and Hall maintenance
Churchyard maintenance
Non recurring major expenditure (see
note 6)
Diocesan share
Management and administration
3b)
Raising funds
Printing of newsletter		 Unrestricted
Funds
£
4,161
-
£4,161
550
8,690
£9,240
Unrestricted
Funds
£
11,413
10,302
2,690
-
55,326
20,422
£100,153
£3,637		 Restricted
Funds
£
-
-
-
-
-
-
Restricted
Funds
£
-
-
-
9,120
18,000
-
£27,120
-		 Endowment
Funds
£
6,201
101
£6,302
-
-
-
Endowment
Funds
£
-
-
6,870
-
-
-
£6,870
-		 2022
£
10,362
101
£10,463
550
8,690
£9,240
2022
£
11,413
10,302
9,560
9,120
73,326
20,422
£134,143
£3,637		 2021
£
10,759
5
£10,764
-
9,019
£9,019
2021
£
8,686
9,651
10,030
6,304
72,467
16,943
£124,081
£1,736

4 ANALYSIS OF EXPENDITURE

The management and administration costs are allocated in their entirety to the unrestricted
expenditure and include
Independent examiners remuneration		 2022
£
£1,524		 2021
£
£1,362

13

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BARDSEY

NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 (CONTINUED…)

5 STAFF COSTS
Gross wages
Number of staff employed
6 NON RECURRING MAJOR EXPENDITURE
All Hallows roof, pointing and rainwater goods
Saint Mary Magdalene roof and rainwater goods
All Hallows pew cushions
Saint Mary Magdalene decorating
7 FIXED ASSETS
7a)Tangible
Cost
As at 1 January 2022 and 31 December 2022

Depreciation

As at 1 January 2022 and 31 December 2022

Net book value

As at 1 January 2022 and 31 December 2022
Freehold
property
£
336,130
-

£336,130		 2022
£
£11,525

1
2022
£
-
-
-
9,120		 2021
£
£10,454
1
2021
£
150
2,211
3,943
-
£9,120 £6,304
Office
Equipment
£
3,636

3,636

£-		 Total
£
339,766
3,636
£336,130

The freehold property relates to Callister Hall and is recorded at "fair value" as at 1 January 2015 (£366,130) which is taken to be deemed cost under the transitional arrangements to FRS 102.

7b)Investments


Market value as at 1 January 2022

Additions/(disposals)

Net investment gains/l(losses)

Market value as at 31 December 2022

All investments relate to CBF Church of England Investment funds.
The market value represents investments for:
Unrestricted funds
Restricted funds
Endowment funds		 2022
£
414,642
(28,000)
(54,389)
£332,253
2022
£
-
112,116
220,137
£332,253		 2021
£
389,269
(32,548)
57,921
£414,642
2021
£
-
158,569
256,073
£414,642

14

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BARDSEY

NOTES FORMING PART OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022 (CONTINUED…)

8 DEBTORS (Unrestricted funds)

8
9
10		 DEBTORS (Unrestricted funds)
Tax recoverable
Parochial fees
AMOUNTS FALLING DUE IN ONE YEAR
Accruals
Deferred income (Newsletter 2023 advertising income)
Deferred income (Charitable disbursement)
Quinquennial inspections
SUMMARY OF FUNDS MOVEMENTS
As at 1
January 2022
Incoming
resources
Resources
expended
£
£
£
Unrestricted
General Fund
377,284
119,550
(103,790)
Restricted
Bardsey School House Fund
39,305
-
(6,000)
E Keswick Parsonage Fund
119,264
-
(21,120)
158,569
-
(27,120)
Endowment
E Keswick Churchyard Fund
256,073
-
-
Saint Mary Magdalene Deposit Fund
8,092
6,302
(6,870)
264,165
6,302
(6,870)
Total Funds
£800,018
£125,852
£(137,780)		 DEBTORS (Unrestricted funds)
Tax recoverable
Parochial fees
AMOUNTS FALLING DUE IN ONE YEAR
Accruals
Deferred income (Newsletter 2023 advertising income)
Deferred income (Charitable disbursement)
Quinquennial inspections
SUMMARY OF FUNDS MOVEMENTS
As at 1
January 2022
Incoming
resources
Resources
expended
£
£
£
Unrestricted
General Fund
377,284
119,550
(103,790)
Restricted
Bardsey School House Fund
39,305
-
(6,000)
E Keswick Parsonage Fund
119,264
-
(21,120)
158,569
-
(27,120)
Endowment
E Keswick Churchyard Fund
256,073
-
-
Saint Mary Magdalene Deposit Fund
8,092
6,302
(6,870)
264,165
6,302
(6,870)
Total Funds
£800,018
£125,852
£(137,780)		 2022
£
-
-
-
2022
£
2,000
2,460
5,750
-
£10,210
Investment
gains
£
-		 2021
£
-
-
-
2021
£
2,000
3,084
-
2,234
£7,318
As at 31
December
2022
£
393,044
39,305
-
(6,000)
119,264
-
(21,120)		 (4,521)
(13,932)		 28,784
84,212
158,569
-
(27,120)		 (18,453) 112,996
256,073
-
-
8,092
6,302
(6,870)		 (35,936)
-		 220,137
7,524
264,165
6,302
(6,870)		 (35,936) 227,661
£800,018
£125,852
£(137,780)		 £(54,389) £733,701

10 SUMMARY OF FUNDS MOVEMENTS

The General reserve represents the free funds of the charity, which are not designated for particular purposes

The Bardsey School House funds and the East Keswick Parsonage funds were both established on the sale of the respective properties. The assets of the funds are held by the Diocese as custodian trustee to be applied in the future for ecclesiastical purposes

The East Keswick Churchyard fund was established in 2009 by a legacy. The fund is classed as a permanent endowment whereby the capital is retained in perpetuity with income arising to be applied to the maintenance of Saint Mary Magdalene’s churchyard.

11 SUMMARY OF ASSETS BY FUND

Tangible fixed assets
Investments fixed assets
Current Assets
Owed between funds
Liabilities due within one year		 Unrestricted
funds
Restricted
funds
Endowment
funds
£
£
£
366,130
-
-
-
112,116
220,137
38,004
-
7,524
(880)
880
-
(10,210)
-
-
£393,044
£112,996
£227,661		 2022
£
366,130
332,253
45,528
-
(10,210)
£733,701		 2021
£
366,130
414,642
26,564
-
(7,318)
£800,018

15