The United Parish of Saint Vedast-alias-Foster
Annual report and financial statements of the Parochial Church Council for the year ending 31 December 2022
Foster Lane London EC2V 6HH
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Responsibilities of the Parish Church Council
Under the Church Representation Rules, the Parochial Church Council (‘the Council) is required to prepare and annual report on its proceedings and on the activities of the Parish generally. It is also required to prepare a financial statement for the financial year that gives a true and fair view of the state of affairs of the Parish at the end of the financial year and of its income and expenditure for that period. These are both presented herein for the year ended 31 December 2022. The Council agreed this report at its meeting on 12 March 2023.
The Council is responsible for keeping proper accounting records, for taking reasonable steps to safeguard the assets of the Parish and to prevent and detect fraud and other irregularities. The Council confirms that suitable accounting policies have been used and applied consistently; that the financial statements have been prepared on a going concern basis; and that reasonable and prudent judgements and estimates have been made in the preparation of the financial statements.
By order of the Council,
Paul Kennedy (Rector) 12[th] March 2023
Richard Batchelor (Treasurer) 12[th] March 2023
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Activities of the Parochial Church Council during 2022
The parish church of Saint Vedast-alias-Foster is situated in Foster Lane, in the City of London. It is part of the Diocese of London within the Church of England. Saint Vedast’s Parochial Church Council is a corporate body established by the Church of England, and operates under the Parochial Church Councils (Powers) Measure 1956 (as amended). The Council is a registered charity (Charity number 1134024). The correspondence address is 4, Foster Lane, London EC2V 6HH.
The Council is, with the Priest-in-charge, charged with promoting the pastoral, evangelistic, social and ecumenical mission of the church, in the united ecclesiastical parishes in its care in the City of London. It is also responsible for maintaining two fine (Grade I Listed) Wren churches (both restored after bomb damage during World War II) – Saint Vedast-alias-Foster in Foster Lane and Saint Anne & Saint Agnes in Gresham Street, together with the Parish Room and courtyard adjacent to the church in Foster Lane. The Council also has oversight of the use of the disused churchyards of the former parishes amalgamated to form the modern parish, although these are maintained by the City Corporation.
Council members who served during 2022 and to the meeting where this report was adopted were:
Ex-Officio Members
Rev Paul Kennedy Priest-in-charge Barbara Harris Warden, Deanery Synod rep James Olley Warden Claire Beale Secretary, Deanery Synod rep
Elected Members
Richard Batchelor Treasurer, Glebe Warden Simon Clark Victor Funtanares John Hill Norman James Valerie James Electoral Roll Officer Thomas Lawrance Ringing Master Erica Olley Children’s Champion, Safe-Guarding Officer Alan James Whelan
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The method of appointment of Council members is set out in the Church Representation Rules (Schedule 3 of the Synodical Government Measure 1969, as amended). Previously, the number of lay representatives on the Council had been ten, but the 2013 APCM decided that (in line with Diocesan guidelines) the number of lay representatives elected to the Council should be no more than nine. The 2018 APCM decided that those nine should be elected for a term of three years, elected by thirds (with transitional arrangements for 2019 and 2020). All church attendees are encouraged to register on the Electoral Roll and stand for election to the Council, especially those whose attendance is on weekdays. The Electoral Roll included 68 names at 31 December 2022 compared with 65 at 31 December 2021.
The PCC has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016, in relation to having due regard to House of Bishops’ guidance on safeguarding children and vulnerable adults. The parish has a safeguarding policy, which it reviewed at its June meeting.
The Council has a Standing Committee (which is the only committee required by the Church Representation Rules). It has power to transact the business of the Council between its meetings, subject to any directions given by the Council. The full Council met four times in 2022; the Standing Committee met, when necessary, between Council meetings.
Review of the Year
After two years of uncertainty and disruptions caused by lockdowns and despite the ever present threat of further waves of various mutations of Covid such as omicron teaching us more letters of the Greek alphabet than many of us were familiar with a few years ago, 2022 has been a busy year for the St Vedast community.
Workers were slowly returning to the City albeit on a very part time basis as many adopted hybrid working and there were many absences due to illness and self-isolation, but despite these concerns, there was still a sense of a return to the “new normal”. After a gap of two years, in 2022 we were able to mark our patronal festival in a more traditional way with friends from the Livery Companies and guests invited by parishioners. It was lovely to see the Masters and Wardens processing once again. The guest speaker was Alderman Robert Hughes-Penney, Alderman for the Ward of Cheap who spoke about the work of the Corporation. Choral Evensong was followed by a reception in the church and an enjoyable evening was had by all.
The Livery Companies were again able to hold their Installation Services and we were pleased to once again welcome the Worshipful Companies of Fanmakers, Engineers, Fletchers, Woolmen, Goldsmiths, Saddlers, Pewterers, Plaisterers, Wax Chandlers and Playing Cards Makers and the Company of Entrepreneurs to their special services. The Worshipful Company of Distillers also marked its 350th anniversary.
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The Wax Chandlers, as the leading part of a pan Livery movement, had an exhibition in the church as part of the Pollinating London Together programme. There were several interactive digital displays and information boards presided over by an enormous, beautiful bee sculpture looking down from the pulpit.
The church congregation also had a busy year. In July, we were delighted to welcome Robert Pfeiffer to the clergy team as a curate. Robert was ordained as a deacon at St Paul’s cathedral on 2nd July 2022 and had rather a baptism of fire as his first Sunday Mass coincided with the annual barbeque. Robert is self-supporting and will retain his employment in the City. He has quickly become invaluable.
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2022 has also seen departures. In September, Joanna Sorohan, our parish administrator for almost ten years retired. Joanna hosted a retirement lunch in the courtyard, an al fresco lunch on a lovely, sunny day which was a lovely occasion. Joanna was presented with a bunch of flowers or two and a framed copy of Claire’s drawing of the church. Joanna plans to spend her retirement looking after her grandchildren and indulging in her passion for travel.
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Following Joanna’s retirement, the role of Parish Administrator has been taken on by Alan Matthews who also has links with St Mary Aldermary. Alan has embraced the role with enthusiasm, striving to introduce himself to all the Livery companies in the parish, other parish administrators in the City and to the groups using the church and hall.
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We also said an au revoir to Doris Barrera who has left us to go to theological college in Oxford having been selected for ordination. Doris helped out at St Vedast in many ways, as a church attendant, sometime office worker and assisting at or leading services. We wish her well and look forward to hearing from her as her studies progress.
On a very sad note, we also said goodbye to Josephine Tewson, a long-time congregant who died on 18th August aged 92. Jo was a very active member of our church and we shall never forget her beautiful reading of the lessons. She also helped train many other lectors as well as helping out in numerous other ways. Her Memorial Service at St Vedast was well attended not only by the St Vedast Congregation but also by her many theatrical friends. The service was conducted by Fr Paul Kennedy with an address by the Reverend Dr Alan McCormack, a former Rector at St Vedast and was followed by a reception in the Saddlers’ Hall.
The death of Her Majesty, Queen Elizabeth II on 8th September started a period of national mourning with St Vedast following the procedures prescribed by the Church of England for such occasions. Parishioners and their guests were invited to watch the State funeral together in the rectory.
Congregation numbers stabilised over the year with services continuing to be livestreamed for those unable to attend for any reason. After much discussion within the PCC and a close perusal of guidance issued by the diocese, it was decided to reinstate use of the chalice, it being an individual decision as to whether or not to so do. Towards the end of the year, Parish Breakfast on the first Sunday of the month also resumed.
This year, we were able to mark Easter in the more traditional way starting with the blessing of Palm crosses at St Anne & St Agnes, sharing the Maundy Thursday Tenebrae service with the Moot community at St Mary Aldermary. Mass on Good Friday was followed by a film in the rectory, “The Last Temptation of Christ”, and Mass on Easter Sunday started in the courtyard when the Paschal candle was lit and was followed by a reception.
In October, church warden James Olley was finally able to have his and Erica’s daughter, Clementine christened, a lovely occasion. James, Erica and Clemmie kindly invited the congregation to join their guests for a celebration in the hall after the service. There were four other christenings during the year and five weddings including that of the Master of the Worshipful Company of Saddlers. There was also a wedding blessing.
There was also a Confirmation and we were delighted to welcome back Bishop Stephen Platten to perform the confirmation and his visit also enabled us to hear about his latest book about Northumberland where he and Rosslie have lived since his retirement.
The discussion evenings which started during lockdown continued throughout the year. These included an evening when Michael led a discussion on Søren Aabye Kierkegaard,
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the Danish theologian, philosopher, poet, social critic, and religious author. There was also a Lent discussion by the Bank churches. Claire led an Advent discussion of Art in Advent which also included poetry and there was a social evening for the PCC.
The Annual Parochial Church Meeting was held on Low Sunday with no major changes to the Parish Officers and PCC. The meeting was both in person and on Zoom. The PCC met four times during the year and the Standing Committee met as required. St Vedast was also represented at the City Deanery Synod which meets three times a year. Due to the ongoing reduction in footfall in the City, some groups are yet to return. We were able to welcome the London Handel Festival who held three lunchtime concerts in the church. St Vedast also hosted the Godwine Concert, the Diversity Choir and the City Chamber Choir. AA groups and Al Anon continued to be regular occupants of the hall for their meetings as are Slimming World and the Ward of Cheap Club.
The church and hall welcomed visitors for the London Open House weekend and the Lord Mayor’s show. St Vedast was also the venue for the Lord Mayor’s Blessing which followed his installation at the Guildhall. The church was packed for a solemn and reflective service, a contrast to the excitement and bustle of the procession for the Lord Mayor’s show the following day.
December was a very busy month with a full diary of Carol Services. Despite some last minute changes of date or time caused by the train strikes, Carol Services were held by the Moorfields Eye Charity, Bryanston School, Bristol alumni, Peterhouse College, DLA Piper, Investment Managers and the Worshipful Companies of Fanmakers, Plaisterers, Wax Chandlers, Saddlers, Goldsmiths and Pewterers. There was also a Parish Carols and Communion service followed by a reception in the Rectory. Midnight Mass was well attended bringing an end to a busy and fulfilling year.
Fabric
The issue of masonry falling from the tower which was identified at the end of 2021 has not been fully resolved. A full monitoring if the tower and spire was undertaken which specified the repair and remedial interventions needed. Initial repairs were undertaken to secure the stonework at risk. Difficulties obtaining traffic control permissions and availability of steeple jacks means that work will not be completed until the spring of 2023. The PCC has received a grant from the City Churches Grants Committee towards the cost of these works.
Preparations were made for the redecoration of the nave and narthex in the summer of 2023. A renewal and upgrade of the lighting system has also been planned to dovetail into the decorative works.
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Bell-Ringing
2022 has been another year of rebuilding. Of the 12 learners who have come to the training sessions, five have so far persisted. The rest of the band is much depleted.
Ringing took place for the Queen’s Jubilee, then, not long after, half-muffled for her funeral. Two quarter peals were rung during the procession of the Lord Mayor’s show, and ringing preceded the Installation of the Master of the Playing Card Makers.
Visitors included around 30 members of the Welsh Colleges Guild. The Firefighters Guild, who have a long association with St Vedast, came for their annual wreath-laying ceremony. This might be the last year we host them, however, as the ceremony is no longer going to take place in London.
A summer trip to Goldhanger included a 17th Century library and an Elizabethan church (alas without bells).
The St Vedast handbell ringers performed at the Royal Foundation of St Katherine’s Christmas Fair.
Finance
General service collections have remained low, however, special service collections and donations kept the voluntary income at a satisfactory level. Income from hall lettings remains below budget with group activities still slow to return to post pandemic levels. Expenditure was kept within budget.
We continued to pay our quota to the Common Fund and also maintained our level of charitable donations including to the DEC Ukraine Appeal.
Thanks in part to a relatively low level of fabric expenditure, income fell only marginally below expenditure for the year.
Investment Income and Policy
Following three years of growth our long-term investments suffered from the general downturn in financial markets and we posted an unrealised loss. We cashed in our small holding of CBF Fixed Interest shares.
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Deanery burial ground fund
A fund was established in 1988 by the City Deanery for the benefit of its churches with part of the proceeds of the sale of a City churchyard. Grants are made annually. In 2022 the fund made a grant of £2,500 to St Vedast, which was gratefully received by the Council.
Statement of financial activities for the year ended 31 December 2022
| Note INCOMING RESOURCES Voluntary income 2(a) 5(a) Activities for generating funds 2(b) Income from investments 2(c) 5(c) Gross income from church activities 2(d) Other incoming resources 2(e) 4(e) 5(e) TOTAL INCOMING RESOURCES RESOURCES USED Church activities 3(a), 6(a) Generation of voluntary income 3(b) Fund-raising costs 3(c) Transferred to Investments TOTAL RESOURCES USED NET INCOMING/(OUTGOING) RESOURCES Gains on investments (unrealised) Losses on investments (realised) Losses on investments (unrealised) NET MOVEMENT IN FUNDS Balances brought forward at 1 January Balances carried forward at 31 December |
Unrestricted Funds Restricted Funds TOTAL 2022 TOTAL 2021 £ £ £ 38,338 2,500 40,838 102,929 117,245 - 117,245 106,288 26,867 - 26,867 14,424 2,229 - 2,229 1,546 2,632 - 2,632 21,968 |
|---|---|
| 187,311 2,500 189,811 247,155 |
|
| 180,449 2,500 182,949 193,623 - - - - 3,106 - 3,106 2,641 5,000 - 5,000 55,000 |
|
| 188,555 2,500 191,055 251,264 |
|
| -1,244 - -1,244 -4,109 0 - 0 137,653 - 7,696 - -7,696 - -70,503 - -70,503 - |
|
| -79,443 - -79,443 133,544 771,522 - 771,522 637,977 |
|
| 692,079 - 692,079 771,522 |
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Balance sheet as at 31 December 2022
| Balance sheet as at 31 December 2022 | |
|---|---|
| Note General Fund 2,3 Fabric Fund 5,6 Organ Fund 7 Future Capital Fund 4,14 St Anne and St Agnes Fund Represented by: Central Board of Finance of the Church of England Deposit accounts 6845 shares CBF Fixed Interest Securities Fund 8 12828.25 Income shares : CBF Investment Fund 8 280.97 accumulation shares : CBF Investment Fund 8 68329.61 shares : CBF Property Fund 8 668.097 M & G Charifund Income Units 8 Bank Balance : CAF Bank Main Held in trust by the London Diocesan Fund: 7,769.03 Income shares : CBF Investment Fund 8 1,709.422 M & G Charifund Income Units 8 |
2022 2021 46,437 50,687 - - - - 630,749 709,979 14,894 10,856 |
| 692,079 771,522 |
|
| 109,014 47,368 - 10,839 264,851 366,734 14,894 10,856 87,804 96,857 9,818 10,397 20,187 19,934 |
|
| 506,567 562,984 |
|
| 160,398 181,936 25,114 26,602 |
|
| 185,512 208,538 |
|
| 692,079 771,522 |
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Notes to the financial statements
The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the SORP (Statement of Recommended Practice) 2005.
The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value. 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 that are informal gatherings of church members.
Funds
Restricted funds represent (a) income from trusts or endowments which may be expended only on those restricted objects provided in terms of the trust or bequest, and (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 which they were given. Any balance remaining unspent at the end of each year must be carried forward as a balance on the fund. The PCC does not usually invest separately for each fund. Where there is no separate investment, interest is apportioned to individual funds on an average balance basis. Unrestricted funds are general funds which can be used for PCC ordinary purposes.
Incoming resources
Planned giving, collections and donations are recognised when received. Tax refunds are recognised for the tax year in which they are received - one year in arrears. Grants and legacies are accounted for when the PCC is legally entitled to the amounts due. Dividends are accounted for when receivable, interest is accrued. All other income is recognised when it is receivable. All incoming resources are accounted for gross.
Resources expended
Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC. The diocesan parish share is accounted for when due. Amounts received specifically for mission are dealt with as restricted funds. All other expenditure is generally recognised when it is incurred and accounted for gross.
Fixed assets
Consecrated and benefice property is not included in the accounts in accordance with s.77 of the Charities Act 2011. Movable church furnishings held by the rector and churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the church's inventory, which can be inspected (at any reasonable time). For anything acquired before 2000 there is
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insufficient cost information available and therefore such assets are not valued in the financial statements. No individual item purchased subsequently has cost more than £1,000 so all such expenditure has been written off when incurred.
Investments are valued at market value as at 31st December.
2. INCOMING RESOURCES
| GENERAL FUND 2(a) Voluntary income Gift Aid donations Alms (including candle and publication sales) Donations Income tax recovered Grants - City Deanery Fund 2 (b) Activities for generating funds Parish rate Church Hall lettings etc. Glebe Fees 2 (c) income from investments Future Capital Fund : Dividends and interest including tax recoverable 2 (d) Gross income from church activities Service fees Hospitality 2 (e) Other incoming resources City Parochial Charities Job Retention Scheme grant Cultural Recovery Fund TOTAL INCOMING RESOURCES |
Unrestricted Funds Restricted Funds 2022 2021 £ £ £ £ 14,029 - 14,029 15,612 8,137 - 8,137 4,576 9,775 - 9,775 9,330 5,642 - 5,642 5,156 - 2,500 2,500 2,500 |
|---|---|
| 37,583 2,500 40,083 37,174 | |
| - - 55,796 - 55,796 62,201 18,269 - 18,269 9,456 43,180 - 43,180 34,631 |
|
| 117,245 - 117,245 106,288 | |
| - - - - - - 17,409 - 17,409 14,424 |
|
| 17,409 - 17,409 14,424 | |
| - - 1,994 - 1,994 1,401 235 - 235 145 |
|
| 2,229 - 2,229 1,546 | |
| - - 986 - 986 986 - - - 13,768 - - - 3,780 |
|
| 986 - 986 18,534 | |
| 175,452 2,500 177,952 177,966 |
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3. RESOURCES USED
| GENERAL FUND 3 (a) Church Activities Missionary and Charitable Giving Overseas Home Ministry : Contribution to Diocesan Common Fund Other ministry costs Church running and maintenance Salaries and fees Church Maintenance - cleaning Stationery, printing and postage Organist and choir Hospitality Bank charges Examination fee Sundries 3 (b) Stewardship envelopes 3 (c) Fund-raising costs Rate collection expenses TOTAL RESOURCES USED 4. FUTURE CAPITAL FUND 4(e) Other incoming resources TOTAL INCOMING RESOURCES |
Unrestricted Funds Restricted Funds TOTAL 2022 TOTAL 2021 £ £ £ 5,540 - 5,540 5,000 4,000 - 4,000 3,500 |
|---|---|
| 9,540 - 9,540 8,500 57,350 - 57,350 57,350 1,097 - 1,097 605 8,439 - 8,439 6,276 30,700 2,500 33,200 32,981 5,377 - 5,377 6,966 1,580 - 1,580 1,153 19,540 - 19,540 10,694 1,247 - 1,247 314 105 - 105 97 1,170 - 1,170 1,170 3,628 - 3,628 - |
|
| 139,773 2,500 142,273 126,106 |
|
| - - - - |
|
| - - - - |
|
| 3,106 - 3,106 2,641 |
|
| 142,879 2,500 145,379 128,747 |
|
| Unrestricted Funds Restricted Funds TOTAL 2022 TOTAL 2021 £ £ £ 1,646 - 1,646 - |
|
| 1,646 - 1,646 - |
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| FABRIC FUND 5. INCOMING RESOURCES 5 (a) Voluntary income City Parochial Foundation : Grants Donations Donations for organ St Mary Staining access works 5 (c) Income from investments Sale of CBF Fixed Interest Securities Fund 5 (e) Other incoming resources VAT reclaimed TOTAL INCOMING RESOURCES 6. RESOURCES USED 6(a) Church activities: Insurance Organ Architect's fees Bells : repairs and maintenance Minor repairs to church and courtyard Routine repairs and maintenance Furniture and equipment - other Exceptional repairs Tower and West Wall Courtyard St Anne and St Agnes maintenance St Mary Staining access TOTAL RESOURCES USED |
Unrestricted Funds Restricted Funds TOTAL 2022 TOTAL 2021 £ £ - - - 16,000 500 - 500 - 255 - 255 5,592 - - - 44,163 |
|---|---|
| 755 - 755 65,755 9,458 - 9,458 |
|
| 9,458 - 9,458 - - - - 3,435 |
|
| - - - 3,435 |
|
| 10,213 - 10,213 69,189 |
|
| Unrestricted Funds Restricted Funds TOTAL 2022 TOTAL 2021 £ £ 590 - 590 574 1,384 - 1,384 6,263 9,779 - 9,779 6,592 - - - - 6,214 - 6,214 4,945 - - - 3,843 45 - 45 228 5,385 - 5,385 690 17,279 - 17,279 - - - - 2,066 - - - 2,000 - - - 40,315 |
|
| 40,677 - 40,677 67,517 |
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| ORGAN FUND 7. INCOMING RESOURCES 7 (a) Income from investments Interest on CBF Deposit Account TOTAL INCOMING RESOURCES |
Unrestricted Funds Restricted Funds TOTAL 2022 TOTAL 2021 £ £ - - - - |
|---|---|
| - - - - |
8. GAINS AND LOSSES IN INVESTMENTS (realised and unrealised)
The development of St Vedast's portfolio of investments has been detailed in previous annual reports.
Some investments are held directly by the PCC and others held in trust on its behalf by the London Diocesan Fund.
The holding in the CBF Fixed Interest Fund was realised. £5,000 was added to the St Anne and St Agnes Fund.
Dividends from the CBF Property Fund were accumulated in that fund.
| St Vedast Investments Fund Fund reference Units at 31.12.21 CBF Fixed Interest FF 6845 CBF Investment Fund income shares FCF 623029002S 15660 CBF Property Fund FCF 623029001P 65501 CBF Investment Fund accumulation shares SASA 623029001J 186 M&G Charifund FCF 24016252 668 Held in trust by London Diocesan Fund CBF Investment Fund income shares FCF 123001471S 7769 M&G Charifund FCF 36900/00013 1709 |
Value at 31.12.21 Units at 31.12.22 Price at 31.12.22 pence Value at 31.12.22 Unrealised Gain/Loss 2022 £ 10,839 0 136.61 366,734 12,828 2064.59 264,851 -41,883 96,857 68,330 128.50 87,804 -9,053 10,856 281 5300.82 14,894 4,038 10,397 668 1469.52 9,818 -579 181,936 7,769 2064.59 160,398 -21,538 26,602 1,709 1469.52 25,114 -1,488 |
|---|---|
| 704,220 562,878 -70,503 |
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| 9. DEBTORS AND PRE-PAYMENTS Sundry debtor 10. CREDITORS AND DEFERRED INCOME Sundry creditor |
2022 2021 - - |
|---|---|
| - - |
|
| - | |
| - - |
11. DEPRECIATION
The Council has never had occasion to capitalise expenditure.
12. RESERVES POLICY
It is PCC policy to maintain in liquid form a balance of unrestricted funds (if possible) equivalent to approximately six months' unrestricted payments to cover emergency situations that may arise from time to time. On 31 December 2022 the total of such funds was around £47,000, just below the desired target.
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Income and Expenditure accounts
| GENERAL FUND Income Church Rates Collections Donations Gift-Aided Stewardship Giving Tax recovered Voluntary receipts City Parochial Charities Interest received on investments Letting of church and parish room Glebe revenue Job Retention Scheme grant Cultural Recovery Fund grant City Deanery Fund : Grant Hospitality Energy Grant Service fees |
2022 2021 55,796 62,201 8,137 4,576 9,775 9,330 14,029 15,612 5,642 5,156 |
|---|---|
| 93,379 96,875 986 986 14,763 14,424 18,269 9,456 43,180 34,631 - 13,768 - 3,780 2,500 2,500 235 145 2,646 0 1,994 1,401 |
|
| 177,952 177,966 |
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| GENERAL FUND Expenditure Clergy Hospitality Lay staff salaries and fees Liturgical expenses Organist and choir Rate collection expenses Stationery, printing and postage Sundries Utilities Household / Flowers Cleaning Publicity Contra exp Charitable donations London Diocesan Fund (LDF) Quota Excess of income over expenditure Transfer to Fabric Fund Transfer to Future Capital Fund Opening balance Closing balance |
2022 2021 £ £ 1,097 605 1,247 314 33,200 32,981 509 482 19,540 11,592 3,106 2,641 1,580 1,153 1,255 1,267 7,666 5,625 264 151 5,377 6,966 - 19 3,628 - 9,540 8,500 |
|---|---|
| 88,009 72,295 57,350 57,350 |
|
| 145,359 129,645 |
|
| 32,594 48,321 -36,844 -3,157 - -50,000 50,687 55,523 |
|
| 46,437 50,687 |
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| FABRIC FUND Income City Churches Grant Committee grant Donations Donations for organ Donations for St Mary Staining access works Interest on CBF Deposit Account Sale of CBF Fixed Interest Securities Fund VAT reclaimed Expenditure Insurance Organ Architect's fees Bells : maintenance Minor repairs to church and courtyard Courtyard redecoration Routine repairs and maintenance Furniture and equipment - other Kitchen/Vestry Exceptional repairs Tower and West Wall St A & St A maintenance St Mary Staining Access Excess of income over expenditure Valuation of investments (gain/loss) Loss on Investments realised Transfer from Organ Fund Transfer from General Fund Transfer to St A & St A Fund Opening balance Closing balance |
2022 2021 - 16,000 500 - 255 5,592 - 44,163 - - 9,458 - - 3,435 |
|---|---|
| 10,213 69,189 |
|
| 590 574 1,384 6,263 9,779 6,592 - - 6,214 4,945 - 2,066 - 3,843 45 228 - - 5,385 690 17,279 - - 2,000 - 40,315 |
|
| 40,677 67,517 |
|
| -30,463 1,672 - -771 - 1,381 - - - 36,844 3,157 -5,000 -5,000 - 942 |
|
| - - |
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| ORGAN FUND Income Interest receivable Expenditure Transfer to Fabric Fund Transfer to Future Capital Fund Excess of income over expenditure Opening balance Closing balance FUTURE CAPITAL FUND Income Interest on CBF Deposit Account Expenditure Adjustment Excess of income over expenditure Valuation of investments (gain/loss) Transfer from General Fund Loss on investments realised Transfer from Organ Fund Opening balance Closing balance |
2022 2021 £ £ - - |
|---|---|
| - - |
|
| - 18,078 |
|
| - 18,078 |
|
| -18,078 18,078 |
|
| - - |
|
| 2022 2021 1,646 329 |
|
| 1,646 329 |
|
| - - 557 |
|
| - - 557 |
|
| 1,646 886 -74,541 82,562 - 50,000 - 6,315 - - 18,078 709,959 558,453 |
|
| 630,749 709,979 |
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| ST ANNE & ST AGNES FUND Income Transfer from Fabric Fund Valuation of investments (gain/loss) Opening balance Closing balance |
2022 2021 5,000 5,000 -962 862 10,856 4,993 |
|---|---|
| 14,894 10,856 |
ST ANNE & ST AGNES REFURBISHMENT FUND
| Income St Vedast PCC Interest Expenditure Excess of income over expenditure Opening balance Closing balance |
£ £ 2022 2021 - 2,000 6 - |
|---|---|
| 6 2,000 |
|
| 81 10,712 |
|
| 81 10,712 |
|
| -75 -8,712 7,074 15,786 |
|
| 7,000 7,074 |
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Report of the independent examiner to the PCC members of the united parishes of Saint Vedast-alias-Foster
This report on the accounts of the PCC for the year ended 31 December 2022, which are set out on pages 12 to 24, is in respect of an examination carried out under the Church Accounting Regulations 2006 and the Charities Act 2011 (`the Act’).
Respective responsibilities of the PCC and the examiner
The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Act and that an independent examination is needed.
It is my responsibility to
-
Examine the accounts under section 145 of the Act;
-
Follow procedures laid down in the general directions given by the Charity Commissioners section 145(5)(b) of the Act; and
-
State whether particular matters have come to my attention.
Basis of Independent Examiners Statement
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the management committee concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in a full audit, and consequently I do not express an opinion on the accounts.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
-
which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with s130 of the 2011 Act; or to prepare accounts, which accord with these accounting records have not been met; or
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
12[th] March 2023
Simia Wall LLP
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582 Honeypot Lane
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