| Contents | Pages | |||
|---|---|---|---|---|
| Trustees report | 1-3 | |||
| Independent | examiner's report |
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| Statement offinancial activities |
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| Balance sheet | ||||
| Notes to the | accounts: | |||
| 1. | Accounting policies |
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| 2. | Income | |||
| 3. | Expenditure | |||
| 4. | Salaries and wages cost | 10 | ||
| 5. | Payments to members |
ofthe PCC | 10 | |
| 6. | Fixed assets for the use by the PCC | 10 | ||
| 7. | Fixed asset investments | |||
| 8. | Analysis ofnet assets | by fund type | ||
| 9. | Analysis offunds | 12 |
| Principal | Correspondent | Correspondent | PCC Treasurer - Stuart Hoddinott The Old Vicarage, Embleton, Cockermouth |
CA13 9XL | |||
|---|---|---|---|---|---|---|---|
| The PCC is registered with the Charity Commission as |
The | Parochial | |||||
| Church Council of the Ecclesiastical Parish |
of the Cockermouth | Area | |||||
| Team. Reg No. 1134138on 5& February 2010. | |||||||
| Chair | Revd Canon Jane Charman | ||||||
| Secretary | Kris Longshaw | ||||||
| Treasurer | Stuart Hoddinott | ||||||
| Churchwardens | All Saints': Stuart Hoddinott, Joan ingrams, |
Kris Longshaw, | Mary Todd | ||||
| Christ Church, Cockermouth: Richard Cooke, Roger Pritchett |
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| Christ Church, Great Broughton: Peta Leigh, Norman |
Marshall | ||||||
| St. Bridget's, Bridekirk: Richard Green, David Johnson |
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| DCC Representatives | AB Saints'. None Christ Church, Cockermouth: Gareth Browning, Bill Soulsby |
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| Christ Church, Great Broughton: Ann Jefferson |
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| St. Bridget's, Bridekirk: Rod Coy |
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| District Churches | All Saints' DCC, Cockermouth | ||||||
| Christ Church DCC, Cockermouth |
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| Christ Church DCC, Great Broughton |
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| St. Bridget's DCC, Bridekirk |
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| Advisors: | Bank | National Westminster Bank Plc |
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| 31 Pow Street, Workington CA14 3WY |
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| Independent | Examiner: | Gibbons, Chartered Accountants, 2 Europe |
Way, Cockermouth, | Cumbria, | |||
| CA13 ORJ | |||||||
| Signed on | behalf of the PCC: | J~~ | |||||
| Rev Canon Jane Charman lPCC Chairman) |
| Note | Unrestricted | Restricted | Endowment | Total | Total | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| funds | funds | Funds | 2022 | 2021 | ||||||
| 6 | 8 | 6 | 6 | 5 | ||||||
| Income and endowments | from: | |||||||||
| Donations and legacies |
2a | 183,637 | 15,378 | 199,015 | 208,700 | |||||
| Other trading acfivi6es |
2b | 22,196 | 0 | 22,196 | 12,310 | |||||
| Imiestmenl income |
2c | 1,286 | 660 | 1,946 | 1,445 | |||||
| Income from ihar8able | activities | 2 | 12,018 | 77 | 12,095 | 11,878 | ||||
| Oner income | 2e | 3,020 | 6,971 | 9,991 | 31,777 | |||||
| Total income | 222 157 | 23086 | 0 | 245 243 | 266,110 | |||||
| Expenditure on: |
||||||||||
| Church ecdvlties | 3e | 211,515 | 18,024 | 229,539 | 227,273 | |||||
| Raising funds | 3b | 31 | 0 | 31 | 743 | |||||
| Other expenditure | 3c | 5,147 | 40 | 5,187 | 9,838 | |||||
| Governance coals |
3d | 2,508 | 0 | 2,508 | 2,458 | |||||
| Total expenditure | 219,201 | 18,064 | 0 | 237,265 | 240,312 | |||||
| Nel gsinslgosses) | on investmenls | Iassets | (643) | (643) | 1,053 | |||||
| Net Incomef(expenditure) | 2,956 | 4,379 | 0 | 7,335 | 26,851 | |||||
| Gross transfers between |
funds | 52,664 | (52,664) | |||||||
| Omar recognised | gains end lasses | |||||||||
| Net movement in funds |
55,620 | (4I,285) | 7,335 | 26,851 | ||||||
| Reconcaletlon of |
funds | |||||||||
| Total funds brought | forward | 213,128 | 244,601 | 16,077 | 473,806 | 446,955 | ||||
| Funds transferred from |
CCGB | |||||||||
| Total funds cerned | forward | 268 748 | 196318 | 16077 | 4II 141 | 473,806 |
| Unrestdicted | Restricted | Endowment | Total | Tots I | ||||
|---|---|---|---|---|---|---|---|---|
| Note | funds | funds | Funds | 2022 | 2021 | |||
| 6 | E | 8 | E | 6 | ||||
| Fixed assets | ||||||||
| Tangible assets Inveslmant assets |
88,653 0 |
0 6413 6,413 |
0 14377 14,377 |
88,653 20790 109,443 |
70,488 21,433 91,900 |
|||
| Current assets Stocks Debtors Cash at bank and in hand |
0 7,944 174682 182,626 |
0 4,015 185 166 189,181 |
0 0 'I 7NI I 700 |
0 11,959 361 548 373507 |
0 16,763 383188 399952 |
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| Creditors: Amounts | falling due wlihln one year | (2,531) | 722 | 0 | (1,809) | (6,740) | ||
| Net current assets | 180,095 | 189,903 | 1 700 | 371698 | 393,211 | |||
| Creditors: Amounts | falling due in more than one year | (11,306) | ||||||
| Net assets | 268,748 | 196 316 | 18077 | 481,141 | 473,806 | |||
| Funds ofthe Chanty: | ||||||||
| Unrestricted Income Funds General Fund |
182,273 | 0 | 182273 | 122,835 | ||||
| Designated Funds |
86475 268,749 |
0 0 |
86475 268,745 |
90,293 213,129 |
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| Restricted Income Funds | 0 | 196,316 | 0 | 196,316 | 244 600 | |||
| Permanent Endowment |
Funds | 16,077 | 16,077 | 16,077 | ||||
| Totalfunds | 68748 | 196316 | 16077 | 481 141 | 473 806 |
| Seals at preparation | Seals at preparation | Seals at preparation | |||
|---|---|---|---|---|---|
| The finanoal statements have been prepared In accordenra vdth the chsdty's governing document, Ihe Chsrltiss Acl 201I,FRS102 "Ihe Financial |
Reporsng Slandatd | ||||
| applicable in Ihe unded Kingdom end Rspubib of IrelaIKF (FRB102)snd the chanties soRp "Accounting end RspoNng |
by charilies statemenl ef Recommended practice |
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| applicable to charibes pmpsrlng their amounts m accordance mlh the Fslsncml RepoNng standard applicable in Ihs UK and Republic of Ireland (FRs 102)" |
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| (etfemive I January 2019) The chesty lss Public Benefd Entity as defined by FRS 102. |
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| The charily hss laken advantage ofths provistons in Ihe SORP for charkles not to prepare a Ststemenl of Cash Flows |
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| The finanoal statements have bean prepared under ths historical cost convention except for Ihe valuabon ofinvestment |
assets wtvch am shown st market value | ||||
| The accounts induds all Iransanwne, eeeels end liabilities for which the pCC ere responsibb n lsw. They do not rndude |
accounts ofchurch groups that owe Iheir simaaon | ||||
| to another body, nor those Ihst ere informal gatherings ofchurch members |
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| Going concern | |||||
| At the erne of approving Ihe linandsl stetemente, the trustees have a reasonable expectation that the chanty has adequale resources lo continue |
in operabonsl | existence for | |||
| Ihe foreseeabls fulum. Thus the Irusteee continue to adopt the going concern basis of accounkng in pupanng the finannal statemsnla |
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| Fund Accounting | |||||
| Endowment Funds ere funds the capital ofwhich must be retained either permanently or at Ihe PCC's discretiari The |
Income dsdved from the eildowmeillis |
lobe used | |||
| either as reskimed or unrestricted income funds depending upon the purpose for which Ihe endowment was eslabkshed |
in the hrsl pince | ||||
| Unreslrimed funds are income funds which are to be spent on the pCC's general purposes. |
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| Incoming resources | |||||
| Olfenngs and donations are recognised when received Income tax recoverable an Gilt Aid Income is Iacogiiised ellen ths gift is rscuved Divmends and inlsmsl lira |
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| rmognised when details are provided. |
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| Grants and legacies are acoounted far as soon as the pcc is nofiTnd ofits entelement and the amount due. Rani of buiklings orthe lslbng of rooms for purpowis within |
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| the objems ofIhe church is recognised as charitable trading income when the sum is due Realised gens orlosses on investments era recognised |
when Ihe irwestment | ||||
| n sold. Unrealeed gains end losses ars accounted for on revaluation at 31 December. |
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| Resoumes expanded | |||||
| Gents end donations ars accounted forwhen paid over, orwhen swarded, ifthat award creates a bindng or constructive |
oblgation on Ihe PCC. | The diocesan | psnsh | ||
| offsnng expected to bs paid over is accounted for when due. | |||||
| All other expenditure is generally recognised when il is incurred snd is accounted for gross. |
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| Fixed Austria | |||||
| Consecrated benefice propwly is not indudsd in Ihe accounts in accordance with section 10(2)(a)and (c)ofIhe ChaNies |
Act 201I All expenditure |
incurred dumg Ihe |
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| year on such properhr is shown h Ihe accounts ss expenditure incurred withm the year. |
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| No value is placed on ths movable chumh furnishings hekf by the churchwmdens on special trust for the PCC and which |
requlm s Iecuky fordisposal since Ihe | pcc considers | |||
| Ibis lo bs Inalienable property. Ak expenditure innared during the year on moveable church fumishngs is shown es expenditure Incurred wkhin the |
year. | ||||
| Other fixtures, IINngs and equipmsnt purchased for the functional use ofthe PCC where the original coalcrths aggregate original cost of e group ofeasel exceeds 21,000is tmetsd es s fixed asset Depreuation is cemulated at 20per cent cfIhe onginal value of sll such acme. |
of items ofthe | same type | |||
| Cuwent assets and liabilities | |||||
| Any pre-payments Induded in the accounts and any amounts due to the PCC at Sl December in respect offans, rents ard other Income ere shawn |
in the accounts as debtom. | ||||
| Amounts relating toths year which have nol been paid by 31 December such ss trade invoices and nvnislry expenses are brought Into Ihe accounts |
as a liablity. |
| 2. | Income and Endowments | from: | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2022 | 2922 | 2022 | 2021 | ||||||
| unrestricted Funds |
Rsstricted | Funds | EndowmentFunds | Total | Funds | Total | Funds | |||
| 6 | E | E | E | 5 | ||||||
| 2e | Donations and Legacies |
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| Planned giving. |
||||||||||
| Gia Aid donations | 99,411 | 5,498 | 104,909 | 117,697 | ||||||
| Tsx recoverehle | 33,458 | 52 | 33,510 | 28,091 | ||||||
| Other | 13,287 | 717 | 14,004 | 12,937 | ||||||
| Cogections (open phtel | 11,774 | 11,774 | 10,021 | |||||||
| Gift days (inctex) | 4,122 | 4,122 | 3,353 | |||||||
| Donations, appeals | etc (Ind Tsx ) | 8,708 | 2,380 | 11,088 | 8,695 | |||||
| Legacies | 2,000 | 2,000 | 14,348 | |||||||
| Letting Lives Dons5ons | 4,731 | 4,731 | ||||||||
| Other | 12,877 | 12,877 | 13,557 | |||||||
| 183637 | 15.378 | ~tee 015 | 208 700 | |||||||
| 28 | Other Trading Activities | |||||||||
| General fundraising | 3.059 | 3,059 | 1,773 | |||||||
| Church end Rooms | leltlngs | 19,137 | 19,137 | 10,517 | ||||||
| Other (incl. Fees for dishurssment) | ||||||||||
| 22 196 | 22 196 | ~12310 | ||||||||
| 2c | Investrnenlincorne | |||||||||
| Dmdends and interest |
1,286 | 1,445 | ||||||||
| ~t 286 | i 94S | 1 445 | ||||||||
| 2d | Income from church activities | |||||||||
| Wedding snd funeral fees |
11,895 | 50 | 11,945 | 11,840 | ||||||
| Omar | 123 | 27 | 150 | 38 | ||||||
| 12018 | 77 | I 095 | 11878 | |||||||
| 2e | Olherincoms | |||||||||
| Granls | 250 | 5,743 | 5,993 | 11,000 | ||||||
| Refund ofVAT | 103 | 1,228 | 1,331 | 414 | ||||||
| Coronsnrus Grant |
3uppml | 2,667 | 2,667 | 17,303 | ||||||
| Lotlrlng Lhms Gmnl |
3,060 | |||||||||
| 3,020 | 6,971 | 9,991 | ~31 77T | |||||||
| Total Incoming resources | 222,157 | 23,086 | 245,243 | 266,110 |
| 3. | Expenditure | on: | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2»2 | 2022 | 2022 | 2022 | 2021 | |||||||||||||
| Unrestricted Funds |
Restricted | Funds | Endcwiiieiit | Fuilde | Total | Funile | Total | Funds | |||||||||
| 3a | Church acgvtltes | f. | 8 | 8 | f. | 8 | |||||||||||
| Missionary and |
chamable | giving | |||||||||||||||
| Church ovsmees | |||||||||||||||||
| Missionary | Socieaes | 3,180 | 3,180 | 2,820 | |||||||||||||
| Relief6development | egencns | 6,700 | 150 | 6,850 | 6,696 | ||||||||||||
| Horne | missiulslolhef | church | 100 | 650 | 750 | 920 | |||||||||||
| Secuhr | societies | 70 | 70 | 950 | |||||||||||||
| 10,050 | 800 | 10,850 | 11,385 | ||||||||||||||
| Muistry Parish |
Offer | 108,885 | 108,885 | 109,932 | |||||||||||||
| Cieqly expenses | 8,749 | 8,749 | 5,872 | ||||||||||||||
| Church running |
expenses | 25,084 | 26,048 | 20,924 | |||||||||||||
| Church muntenance | Iequipment | I3,668 | 13,868 | 7,963 | |||||||||||||
| Upkeep of services | 5,309 | 5,309 | 6,»7 | ||||||||||||||
| youth yyon | 209 | 564 | 773 | 1,516 | |||||||||||||
| Upkeep of churchyard | 959 | 2,537 | 3,496 | 1,301 | |||||||||||||
| Otilniimh | 2,3tH | 288 | 2,589 | 1,516 | |||||||||||||
| Mapr repairs | Imsta9akons | 7,371 | 7,371 | 3,552 | |||||||||||||
| Support Service: | Books, Training supplies | 58 | |||||||||||||||
| Church Rooiiis iuiinirig costs | 5,082 | 5,082 | 3,476 | ||||||||||||||
| Rooms maintenance | »3 | 999 | 16,362 | ||||||||||||||
| Equipmsnt depredation |
1,818 | I | 564 | 3,382 | 2,802 | ||||||||||||
| Management | IAdmnistrakori | 148 | 148 | ||||||||||||||
| Interest on Decease | Loan | ( 39) | (») | 364 | |||||||||||||
| Fees paid | 17»9 | 1,009 | 4,739 | ||||||||||||||
| Adminislratioil | 16,621 | 8,511 | 25,132 | 24,219 | |||||||||||||
| photocoming | 1,090 | 1,090 | 89 | ||||||||||||||
| Other | 266 | 2,796 | 3,062 | 471 | |||||||||||||
| Pansh Oflice | mnilri9 | costs | 1,936 | 1,938 | 3,746 | ||||||||||||
| 211,515 | 18,024 | 229,539 | 227,273 | ||||||||||||||
| sb | Itslslng funds | ||||||||||||||||
| Expenses | 31 | 31 | 636 | ||||||||||||||
| Magarine mats | 107 | ||||||||||||||||
| 743 | |||||||||||||||||
| 3c | Olherexpendlture | ||||||||||||||||
| Omar | 5,147 | 5,187 | 9,838 | ||||||||||||||
| 5,147 | 40 | e,eaa | |||||||||||||||
| 3d | Governance | Costs | |||||||||||||||
| Legal Fees | 2,508 | 2,5CB | 2,458 | ||||||||||||||
| 2,508 | 2,508 | 2,458 | |||||||||||||||
| Total | expendhure | 219,201 | 18,064 | 237,265 | 240,312 |
| 2022 | 2021 |
|---|---|
| f | 8 |
| 21,909 | 20,316 |
| Fixed As | sets f | or use by | the PCC | |||||
|---|---|---|---|---|---|---|---|---|
| Freehold | Lend | |||||||
| Tangible | Fixed | Assets | a Buildings | Equipment | Total | |||
| 6 | 6 | 6 | ||||||
| Gross BookValue | ||||||||
| As At | 01 January | 2022 | 103,942 | 103,942 | ||||
| Additions | 21,568 | 21,568 | ||||||
| As At 31 | December | 2022 | 125,510 | ~125510 | ||||
| Depmciation | ||||||||
| As At | 01 January | 2022 | 33,474 | 33,474 | ||||
| Charge for the year | 3,382 | 3,382 | ||||||
| As At 31 | December | 2022 | 36,856 | 36,856 | ||||
| Net Book Value | ||||||||
| As At 31 | December | 2022 | 88,654 | 88654 | ||||
| As At 31 | December | 2021 | 70468 | ~70 468 |
| sset Investment | |
|---|---|
| 2022 | |
| K | |
| Market Value at 01 January 2022 | 21,433 |
| Net gains/losses on revaluation |
(643) |
| Market Value at 31 December 2022 |
| Unrestricted | Designated | Restdcted | Endowment | Total | |||
|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | Funds | |||
| 8 | 8 | 8 | 6 | f | |||
| Tangible | Assets | 84,495 | 4,158 | 0 | 0 | 88,653 | |
| Investment | Assets | 0 | 0 | 6,413 | 14,377 | 20,790 | |
| Current | Assets | 100,311 | 82,315 | 189,181 | 1,700 | 373,507 | |
| Current | Liabilities | (2,531) | 0 | 722 | 0 | (1,809) | |
| Long term | Liabilities | 0 | 0 | 0 | 0 | 0 | |
| Total as | at | 31 December 2022 | 182275 | 86473 | 196,316 | 16077 | 481 141 |
| Balance at 1 January 2022 |
Balance at 1 January 2022 |
Incoming resources |
Resources expended |
Transfers | Balance December |
at 31 2022 |
||||
|---|---|---|---|---|---|---|---|---|---|---|
| 5 | 6 | 5 | 6 | |||||||
| Unrestricted funds |
||||||||||
| Unrestricted general funds |
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| All Saints | (11,597) | 42,531 | (54,344) | 55,333 | 32,923 | |||||
| Christ Church Cockermouth | 104,151 | 103,209 | (101,082) | (721) | 105,557 | |||||
| Christ Church Great | Broughton | 31,309 | 31,736 | (23,603) | (3,101) | 36,341 | ||||
| PCC | (10,931) | 12,011 | (4,866) | (3,786) | ||||||
| St Bridgets | 9,905 | 31,456 | (30,121) | 11,240 | ||||||
| Total General Funds | 122,836 | 220,943 | (214,016) | 52,511 | 182,274 | |||||
| Unrestricted Designated funds |
||||||||||
| Ag Saints | 0 | 0 | 0 | 0 | 0 | |||||
| Christ Church Cockermouth | 6,613 | 967 | (946) | 0 | 6,634 | |||||
| Christ Church Great | Broughton | 1,920 | 0 | (153) | 153 | 1,920 | ||||
| PCC | 811 | 0 | 0 | 0 | 811 | |||||
| St Bridgets | 80,948 | 247 | (4,086) | 0 | 77,109 | |||||
| Total Designated Funds |
90,292 | 1,214 | (5,185) | 153 | 86,474 | |||||
| Total Unrestricted | funds | 213,128 | 222,157 | 219,201 | 52,664 | 268 748 | ||||
| Restricted funds | ||||||||||
| Ag Saints | 198,591 | 14,861 | (8,891) | (56,333) | 148,228 | |||||
| Christ Church Cockermouth | 2,112 | 588 | (1,369) | 721 | 2,052 | |||||
| Christ Church Great | Broughton | 22,902 | 917 | (1,326) | 2,948 | 25,441 | ||||
| PCC | 7,756 | 1,827 | (816) | 0 | 8,767 | |||||
| St Bridgets | 13,239 | 4,893 | (6,305) | 0 | 11,827 | |||||
| Total restricted funds | 244,601 | 23,086 | 18,707 | 52664 | 196 316 | |||||
| Permanent Endowment |
||||||||||
| Ag Saints | 1,491 | 1,491 | ||||||||
| Chnst Church Cockermoulh | 0 | 0 | ||||||||
| Christ Church Gmat | Broughton | 0 | 0 | |||||||
| PCC | 0 | 0 | ||||||||
| St Bridgets | 14,586 | 14,586 | ||||||||
| Total Permanent Endowment |
funds | 16077 | 0 | 0 | 0 | 16077 | ||||
| Total funds | 473806 | 245243 | (237908 | 481 141 |