2022-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of St Mary, Redcliffe

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Objectives and Activities
Achievements and performance	2-5
Financial Review	6-8
Plans for future periods
Structure, Governance and Management	10
Reference and Administration	10-12
Statement ofTrustees' Responsibilities	13
Independent Examiner's Report	14
Statement of Financial Activity	15
Balance Sheet	16
Statement ofCash Flows	17
Notes to the Financial Statements	18-34

ormation	as of31Dec	ember 2022
Annual	salary costs	(projected),	E460,000	Free reserves				E187,048
including	on-costs at 2196			(excluding	those	held	as
				tangible fixed assets)
Divided	by 4		6115,000
Reserves	required		6115,000	Reserves to	hand			E187,048

Clergy (exofficio)	Vicar —PCC Chairman	Vicar —PCC Chairman	The Revd Canon Daniel Tyndall
	Associate Vicar		The Revd Kathryn Campion-Spall
			(until September 2022)
			The Revd Laura Verrall-Kelly
			(from March 2023)
	Associate Minister		The Revd Anthony Everitt
	Curate		The Revd Agnes Palairet
			(until December 2022)
			The Revd Simon Goodman
			(until July 2022)
Wardens (ex officio)	Church Warden	(Vice-Chair)	Mr Richard Wallace (until May 2022)
			Ms Belinda Phillipson (from May 2022)
	Junior Warden		Ms Belinda Phillipson (until May 2022)
			Mr Richard Dyton (from May 2022)

Diocesan Synod Members	Diocesan Synod Members	Diocesan Synod Members	(exofficio) to August 2024	(exofficio) to August 2024	Ms Auriol Britton
					Mrs Eleanor Vousden
Deanery Synod Members			(exofficio) to APCM 2023		Mr Richard Dyton
					Mrs Juliet Hagan
					Mrs Eleanor Vousden
Elected		Lay Representatives
		to serve until 2022			Ms Roma Widger
					Mr John Viney
					Ms Alex Notay
					Ms Clare Satchwell
					Mr Paul Bassett
		to serve until 2023			Ms Lit Hewitt
					Mrs Esther Keller
					Mr Adam Lloyd
					Mrs Eleanor Vousden
					Mr Richard Wallace
		to serve until 2024			Ms Auriol Britton
					Mr Chris Duncan
					Mr Richard Dyton
					Mr Gerry Moorey
					Mr Samuel Williams
		to serve until 2025			Ms Roma Widger
					Mrs Alex Notay
					Mr Paul Bassett
					Vacancy
					Vacancy
Names and addresses ofofficers				and advisers
Head ofOperations				Mr James Rodliff (from May 2022)
Finance Manager				Mrs Maria Holcombe	(from March 2022)
Honorary	Clergy			The Revd Peter Dill
				The Revd Canon Stephen Spencer
Secretary	to the PCC			Vicar's PA

Treasurer to the PCC	Mr Samuel Williams
Bankers	National Westminster		Bank pic
	Ashton Branch
	Bristol
Independent	Mr Joshua Kingston	BSc.ACA
Examiner	Burton Sweet Limited
	The Clock Tower
	S Farleigh Court
	Old Weston Road
	Flax Bourton
	BS481UR
Architect	Mr Marcus Chantrey
	Benjamin &Beauchamp
	The Borough Studios
	The Borough
	Wedmore
	Somerset
	BS284EB

			Unrestricted	Restricted	Endowment	Total Funds	Total Funds
			Funds	Funds	Funds	2022	2021
		Note	6	E	E	6	E
Income from:
Donations and legacies			646,378	165,555		811,933	752,823
Charitable activities			19,728			19,728	14,462
Other trading activities			39,665			39,665	18,618
Investment Income			3,425			3,425	3,595
Total income			709,196	165,555		874,751	789,498
Expenditure on:
Raising funds
Fundraising and publicity			9,287	7,650		16,937	4,560
Fundraising Trading: costs ofgoods
sold and other costs			13,604	4,815		18,419	5,649
Charitable activities			788,460	174,298		962,758	701,487
Total expenditure			811,351	186,763		998,114	711,696
Gains / (Losses) on	investments
Realised		12					6,808
Unrealised		12	(990)	(2,187)	(8,820)	(11,997)	12,500
Net income/(expenditure)			(103,145)	(23,395)	(8,820)	(135,360)	97,110
Transfers between	funds	15	21,172	(21,172)
Total movement in	funds		(81,973)	(44,567)	(8,820)	(135,360)	97,110
Reconciliation offunds:
Total funds at 1January 2022		15	306,191	186,504	790,931	1,283,626	1,186,516
Total funds carried	forward	15	224,218	141,937	782,111	1,148,266	1,283,626

						2022	2021
					Note	6	6
Fixed assets
Tangible assets					11	710,635	708,759
Central Board of		Finance		investments	12	87,782	99,779
						798,417	808,538
Current assets
Debtors					13	142,699	86,358
Short term deposits						59,763	57,309
Cash at bank	and	in	hand			218,507	355,498
						420,969	499,165
Creditors: Amounts			falling due within one year		14	(71,120)	(24,077)
Net current	assets					349,849	475,088
Net assets						1,148,266	1,283,626
Funds
Unrestricted	—General funds				16	189,687	271,660
Unrestricted	- Designated			funds	16	34,531	34,531
						224,218	306,191
Restricted Funds					16	141,937	186,504
Endowment	Funds				16	782,111	790,931
						1,148,266	1,283,626

					2022	2021
				Note	E	6
Net cash (used in) / provided	by operating		activities		(132,192)	74,872
Cash flows from investing activities
Purchase offixed assets					(2,345)
Sale of investments						83,430
Net cash (used in) / provided	by investing		activities		(2,345)	83,430
Change in cash and cash equivalents		in the year			(134,537)	158,302
Cash and cash equivalents at the beginning			of	the year	412,807	254,505
Cash and cash equivalents carried forward					278,270	412,807
Reconciliation ofnet (expenditure)		/ income		in funds to cash flow from	2022	2021
operating activities
Net (expenditure) / income					(135,360)	97,110
Depreciation offixed assets					469	505
Gains / (Losses) on investments					11,997	(19,308)
(Increase) / Decrease in debtors					(56,341)	8,542
Increase / (Decrease) in creditors					47,043	(11,977)
Net cash (used in) / provided	by operating		activities		(132,192)	74,872
Analysis ofchanges in net funds:				At 1		At 31
				January 2022	Cash flows	December 2022
				6	E	E
Short term deposits				57,309	2,454	59,763
Cash at bank and in hand				355,498	(136,991)	218,507
				412,807	(134,537)	278,270

Donations and legacies			Unrestricted	Restricted	Total Funds
			Funds	Funds	2022
Current year			6	6	6
Planned Giving:
Direct giving			80,019		80,019
Income tax recovered	(gift aid)		19,731		19,731
Collections (open plate)	at all services		7,860		7,860
Sundry donations			29,630	110	29,740
Prickett Stand			968		968
Organ Recitals				1,746	1,746
Mission and charities				4,465	4,465
Grant —Temple Ecclesiastical Charity			59,600		59,600
Staffing Grant —SMRCLC			237,562		237,562
Fabric and Operational	Grants -	SMRCLC	191,008		191,008
SMRCLC —contribution	towards	admin costs	9,000		9,000
SMRCLC —contribution	for altar	goods	5,000		5,000
SMRCLC —contribution	towards	publicity	6,000		6,000
Grant —Facilities Development		project		62,272	62,272
Grants —Other				22,278	22,278
Choir —income				13,241	13,241
Choir - trip income				1,675	1,675
Redcliffe Care				44,122	44,122
Treefest				7,821	7,821
Night shelter				197	197
youth worker				7,628	7,628
			646,378	165,555	811,933

	Donations and legacies	Donations and legacies	(continued)	(continued)		Unrestricted	Restricted	Total Funds
						Funds	Funds	2021
	Prior year					E	E	E
	planned Giving:
	Direct giving					107,222		107,222
	Income tax recovered		(gift aid)			10,055		10,055
	Collections (open plate)		at all services			1,837		1,837
	Sundry donations					20,750	5,238	25,988
	Legacies					5,000		5,000
	Tiemens Bequest					117,698		117,698
	Mission and charities						6,328	6,328
	Grant- Temple Ecclesiastical Charity					81,100		81,100
	Staffing Grant —SMRCLC					232,662		232,662
	Fabric and Operational		Grants -	SMRCLC		86,598		86,598
	SMRCLC —contribution		towards	admin costs		6,375		6,375
	SMRCLC —contribution		for altar	goods		3,750		3,750
	Grant —Facilities Development			project			8,220	8,220
	Grants —Other						9,515	9,515
	Choir —income						7,339	7,339
	Choir —trip income						1,300	1,300
	Covid-19 Emergency						17,000	17,000
	Redcliffe Care						17,460	17,460
	Treefest						2,327	2,327
	Night shelter						1,284	1,284
	Youth worker						3,765	3,765
						673,047	79,776	752,823
3.	Charitable Activities				Unrestricted	Restricted	Total Funds	Total Funds
					Funds	Funds	2022	2021
					E	E	E	E
	Fees for weddings,	baptisms and funerals			17,842		17,842	14,462
	Community events				1,300		1,300
	Education events				586		586
					19,728		19,728	14,462

4.	Other trading activities	Other trading activities	Other trading activities		Unrestricted	Restricted	Total Funds	Total Funds
					Funds	Funds	2022	2021
					f	f	f	f
	Shop sales				9,426		9,426	5,034
	Special fund-raising		events		12,238		12,238	2,605
	Undercroft	lettings	and catering		2,115		2,115
	Tours and	search fees			1,109		1,109	292
	Vodafone	mast licence			14,777		14,777	10,687
					39,665		39,665	18,618
5.	Investment	income			Unrestricted	Restricted	Total Funds	Total Funds
					Funds	Funds	2022	2021
	Current year				f	f	f	f
	Bank interest				495		495	26
	Income on	CBFinvestments		/ deposits	2,930		2,930	3,569
					3,425		3,425	3,595

6.	Fundraising	and publicity	Unrestricted	Restricted	Total Funds
	Current year		Funds f	Fundsf	2022 f
	Fundraising	and publicity	8,032	7,650	15,682
	Website development		1,255		1,255
			9,287	7,650	16,937
			Unrestricted	Restricted	Total Funds
	Prior year		Fundsf	Fundsf	2021 f
	Fundraising	and publicity	4,476		4,476
	Website development			84	84
			4,476		4,560
7.	Fundraising	trading: cost ofgoods sold and other costs	Unrestricted	Restricted	Total Funds
			Funds	Funds	2022
	Current year		f	f	f
	Special event costs		307	4,815	5,122
	Shop purchases		12,805		12,805
	Tour costs		492		492
			13,604	4,815	18,419
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2021
	Prior year		f	f	f
	Special event costs			1,350	1,350
	Shop purchases		3,731		3,731
	Undercroft		568		568
			4,299	1,350	5,649

Charitable activities					Unrestricted	Restricted	Total Funds
					Funds	Funds	2022
Current year				Note	E	E	6
Staff costs				9	299,835	48,974	348,809
Home missions and grants to		other charities			5,400	13,054	18,454
Development —Sunday	school					1,252	1,252
Parish Christmas cards					518		518
Parish Share					123,000		123,000
Church Running costs					54,116		54,116
Fees for weddings, baptisms		and funerals			8,833		8,833
Altar expenses and candles					3,799		3,799
Flowers					632	110	742
Vicar's discretionary fund					67		67
Sundries					6,532		6,532
Musicians					360	2,256	2,616
Health and safety					2,258		2,258
Vicar's expenses					2,386		2,386
Community Youth Development			worker costs			5,464	5,464
Redcliffe Together						9,872	9,872
Facilities Project costs					68,321	67,076	135,397
Night shelter						379	379
Redcliffe Care						1,193	1,193
Choir expenses						7,685	7,685
Choir trip costs						3,438	3,438
Music scholarships						13,545	13,545
Organ &Piano maintenance					1,891		1,891
Office and ITexpenses					23,209		23,209
Postage, printing and stationery					6,890		6,890
Telephone and internet					1,345		1,345
Parish office running expenses			and cleaning		6,262		6,262
Repairs and Fabric works					132,462		132,462
Equipment repairs and	new equipment				2,142		2,142
Accessibility costs					1,260		1,260
Copyright licence					709		709
Stewa rdship					1,153		1,153
Subscriptions and directories					1,308		1,308
Staff training and travel	costs				1,252		1,252
Staff Recruitment					11,993		11,993
Depreciation					469		469
Bookkeeping and management			accounts		9,728		9,728
Legal and professional	fees				6,610		6,610
Database					2,628		2,628
Independent Examiner's fees					2,532		2,532
Statutory accounts preparation					(1,440)		(1,440)
					788,460	174,298	962,758

Charitable activities (continued)	Charitable activities (continued)	Charitable activities (continued)	Charitable activities (continued)	Charitable activities (continued)		Unrestricted	Restricted	Total Funds
					Note	Funds	Funds	2021
Prior year						E	E	E
Staff costs					9	246,296	28,109	274,405
Home missions and grants		to	other charities			6,842	6,287	13,129
Development —Sunday	school						525	525
Parish Christmas cards						49		49
Parish Share						120,000		120,000
Fees dispersed for weddings,			baptisms		and funerals	7,985		7,985
Altar expenses and candles						1,165		1,165
Vicar's discretionary fund						104		104
Sundries						3322		3322
Musicians						1,910		1,910
Health and safety						2,324		2,324
Vicar's expenses						7,474		7,474
Community Youth Development				worker	costs		7,671	7,671
Community Development		worker costs				211		211
Redcliffe Together							25,248	25,248
Facilities Project costs							9,377	9,377
Night shelter							126	126
Redcliffe Care							220	220
Choir expenses							3,577	3,577
Choir trip costs							1,408	1,408
Music scholarships							9,350	9,350
Office and ITexpenses						17,216		17,216
Postage, printing and stationery						6,815		6,815
Telephone and internet						451		451
Parish office running expenses				and cleaning		24,816		24,816
Repairs and Fabric works						110,980		110,980
Equipment repairs and	new equipment					1,994		1,994
Copyright licence						230		230
Stewardship						975		975
Subscriptions and directories						697		697
Staff training and travel	costs					707		707
Depreciation						505		505
Bookkeeping and management				accounts		30,138		30,138
Legal and professional	fees					1,948		1,948
Database						2,549		2,549
Independent Examiner's fees						2,244		2,244
Statutory accounts preparation						9,642		9,642
						609,589	91,898	701,487

Staff costs, key management	Unrestricted	Restricted	Total Funds
Current year	Funds 6	Fundsf	2022 6
Gross wages and salaries	267,209	42,085	309,294
Social security costs	14,391	5,006	19,397
Pension contributions	17,520	1,883	19,403
Other staff costs	715		715
	299,835	48,974	348,809

	Unrestricted	Restricted	Total Funds
Prior year	Funds 6	Fundsf	2021 6
Gross wages and salaries	212,192	28,109	240,301
Social security costs	14,083		14,083
Pension contributions	19,266		19,266
Other staff costs	755		755
	246,296	28,109	274,405

The ave	rage	annual	headcount ofpersons employed by the	PCC is below:
				2022	2021
				Number	Number
Vergers				3	3
Clerical	and	support	staff	15	15
				18

Prior year fund comparatives
	Unrestricted	Restricted	Endowment	Total Funds
	Funds	Funds	Funds	2021
	E	E	E	E
Income from:
Donations and legacies	673,047	79,776		752,823
Charitable activities	14,462			14,462
Other trading activities	18,618			18,618
Investment Income	3,595			3,595
Total income	709,722	79,776		789,498
Expenditure on:
Raising funds
Fundraising and publicity	4,476	84		4,560
Fundra ising Trading: costs ofgoods
sold and other costs	4,299	1,350		5,649
Charitable activities	609,589	91,898		701,487
Total expenditure	618,364	93,332		711,696
Gains on investments
Realised			6,808	6,808
Unrealised	1,060	2,112	9,328	12,500
Net income/(expenditure)	92,418	(11,444)	16,136	97,110
Transfers between funds	78,139		(78,139)
Total movement in funds	170,557	(11,444)	(62,003)	97,110
Reconciliation offunds:
Total funds at 1January 2021	135,634	197,948	852,934	1,186,516
Total funds carried forward	306,191	186,504	790,931	1,283,626

11.	Tangible fixed assets						Staging and	Office
						Organ	Shop Fittings	Equipment	Total
						E	E	E	E
	Cost
	At 1January 2022					707,996	16,351	34,871	759,218
	Additions							2,345	2,345
	As 31December 2022					707,996	16,351	37,216	761,563
	Depreciation
	At 1January 2022						16,351	34,108	50,459
	Charge for the year							469	469
	At 31December 2022						16,351	34,577	50,928
	Net Book Value
	At 31December 2022					707,996		2,639	710,635
	At 31December 2021					707,996		763	708,759
12.	Investments with Central Board			ofFinance				2022	2021
								E	E
	3,177shares in Church		Funds Investment		Fund	(CFIF)
	340units in Charities	Investment		fund
	Cost brought forward							22,620	46,942
	Disposals in year								(24,322)
	Cost carried forward							22,620	22,620
	Market Value as at 1January							99,779	163,901
	Disposal Proceeds in year								(83,430)
	Unrealised (loss) / gain		on revaluation					(11,997)	12,500
	Realised gain								6,808
	Market value as at 31		December					87,782	99,779

13.	Debtors
	Accrued debtors
	Other debtors

14.	Creditors: amounts	falling due within one year
	Trade creditors
	Payroll creditors
	Deferred income
	Other creditors

2022	2021
f	f
136,018	84,387
6,681	1,971
142,699	86,358
2022	2021
f	f
16,722	6,658
10,369	75
12,385
31,644	17,344
71,120	24,077

Movement in funds			At				Gains	/	At
			13anuary				(losses) on		31December
			2022	Income	Expenditure	Transfers	Investments		2022
Current year			E	E	E	E		E	E
Unrestricted funds
—General			271,660	709,196	(811,351)	21,172	(990)		189,687
- Designated —Churchwardens
subscription			22,910						22,910
—Designated —Staff Accommodation			3,000						3,000
—Designated - Music			8,621						8,621
			306,191	709,196	(811,351)	21,172	(990)		224,218
Restricted funds
- Redcliffe Care			36,866	44,122	(34,047)	10,850			57,791
- Guild ofServers fund			156						156
- Bedminster Churchlands			17,358				(2,187)		15,171
- Williams Bequest —Sunday school			4,319		(1,252)				3,067
- Flowers				110	(110)
-Sundry donations			21,172			(21,172)
- Choir &music			11,901	14,987	(23,486)				3,402
- Choir trip account			5,671	1,675	(3,438)				3,908
-Special appeals and	collections for
other organisations	and charities		21,767	12,286	(13,054)				20,999
- Facilities Development		project	4,804	62,272	(67,076)
- Night shelter			1,703	197	(379)				1,521
- Youth worker			4,960	7,628	(5,464)				7,124
- Faithspace			11,185						11,185
- COVID-19 Emergency			25,992		(25,992)
- Chatterton Anniversary		Project			(4,815)	7,800			2,985
- Heating grant				14,628					14,628
-Architectural & Interpretative
film project				7,650	(7,650)
- Other grants			18,650			(18,650)
			186,504	165,555	(186,763)	(21,172)	(2,187)		141,937
Endowment funds
- Permanent endowment			82,935				(8,820)		74,115
- Expendable endowment			707,996						707,996
			790,931				(8,820)		782,111
Totalfunds			1,283,626	874,751	(998,114)		(11,997)		1,148,266

Movement in Funds (continued)	Movement in Funds (continued)	Movement in Funds (continued)	At				Gains	/	At
			1)anuary				(losses) on		31December
			2021	Income	Expenditure	Transfers	Investments		2021
Prior year			E	E	E	E		E	E
Unrestricted funds
—General			101,103	709,722	(618,364)	78,139	1,060		271,660
- Designated —Churchwardens
subscriptions			22,910						22,910
—Designated —Staff Accommodation			3,000						3,000
—Designated —Music			8,621						8,621
			135,634	709,722	(618,364)	78,139	1,060		306,191
Restricted funds
- Redcliffe Care			19,626	17,460	(220)				36,866
- Guild ofServers fund			156						156
- Bedminster Churchlands			15,246				2,112		17,358
—Williams Bequest —Sunday school			4,844		(525)				4,319
—Sundry donations			15,934	5,238					21,172
-Choir &music			17,489	7,339	(12,927)				11,901
—Choir trip account			5,779	1,300	(1,408)				5,671
-Special appeals and	collections for
other organisations	and	charities	20,833	8,655	(7,721)				21,767
- Facilities Development		project	5,961	8,220	(9,377)				4,804
- Night shelter			545	1,284	(126)				1,703
-Youth worker			36,975	3,765	(35,780)				4,960
—Faithspace			11,185						11,185
-COVID-19 Emergency			34,240	17,000	(25,248)				25,992
-Other grants			9,135	9,515					18,650
			197,948	79,776	(93,332)		2,112		186,504
Endowment funds
—Permanent endowment			144,938			(78,139)	16,136		82,935
—Expendable endowment			707,996						707,996
			852,934			(78,139)	16,136		790,931
Total funds			1,186,516	789,498	(711,696)		19,308		1,283,626

Analysis ofnet assets between funds	Analysis ofnet assets between funds	Analysis ofnet assets between funds	Fixed Assets	Investments	Current	Current	Total
Current year					assetsf	liabilities f	2022 f
Unrestricted	funds	—general	2,639	7,019	251,149	(71,120)	189,687
Unrestricted	funds	—designated			34,531		34,531
Restricted funds				15,171	126,766		141,937
Endowment	funds		707,996	65,592	8,523		782,111
			710,635	87,782	420,969	(71,120)	1,148,266
			Fixed Assets	Investments	Current	Current	Total
					assets	liabilities	2021
Prior year					f	f	f
Unrestricted	funds	—general	763	8,009	286,965	(24,077)	271,660
Unrestricted	funds	—designated			34,531		34,531
Restricted funds				17,358	169,146		186,504
Endowment	funds		707,996	74,412	8,523		790,931
			708,759	99,779	499,165	(24,077)	1,283,626