## **The Parish Church of St Mary the Blessed Virgin Burley in Wharfedale** ## **ANNUAL REPORT and FINANCIAL STATEMENTS of the PAROCHIAL CHURCH COUNCIL for the year ended 31st December 2022** Vicar - Church Wardens Mrs. Val McKenzie Mr. John Spencer Treasurer Mr John Spencer PCC Secretary Ms. Lis Merrick Independent Examiner Mr John McGhee PAROCHIAL CHURCH COUNCIL OF ST MARY THE BLESSED VIRGIN BURLEY IN WHARFEDALE Index to the 2022 Accounts Independent Examln•rs Roport Treasurors Roport Page 1 Balance Sheet Page 2 Notes to the Flnanclal Statements for the Y•ar onding 31 D•cember 2022 Pago 4 Flnancial Statement 2022- Incoming Resourc Page S Flnancial Statement 2022- Resources Allocatsd Page 6 Flnan¢lal Stat•mont 2022 - Staff Costs and Fixed Assets Page 7 Financial Statement 2022- Gifts to Mission and Charities Page 8 Budgets for 2023 Pag6 9 Parish Contro Flnanclal Report 2023 Page 10 Mothers Unlon Flnanclal Roport 2023 Page 11 Ladlos Group Flnanclal Rèport 2023 PAROCHIAL CHURCH COUNCIL OF ST MARY THE BLESSED VIRGIN BURLEY IN WHARFEDALE INDEPENDENT EXAMINERS REPORT This report on the accounts of the PCC for tho yoar ond 31th D•combor This report on the accounts ofthe P.C.C. for the year ended 31st December 2021. which are set out on pages 1- 8 is in respect of an examinatY)n carried out under Regulation 313) of the Church Accounting Regulations 1997 aTrJ s.43 of the Chariks Act 1993. R•spective responslbililles of trustoe5 and ex•mlner As the members of the P.C.C. you are responsible for the prepara￿n of the accounts,. you consider that the audit requirement of Regulation 3131 of the Church Accounting Regulations and section 43121 of the Charities Act 1993 (the Act) do not appty. It is My resFrf)ngbility to issue this report on those accounts in accordance with the ternis rf Regulation 25 ofthe Church Accounting Regulati￿$1997 and Regulats"on 7 of the Charities IAc¢wnts & Repryts) Regulations 1995. My examination was carried ovt in aco)ffJance with the General Directions given by the Charity Commission under section 4317Xb) of the Act and to be found in the gllidan￿ from the CBF . That examination includes a review of the &¢ounb'ng records kepl by the PCC and 8 comparison of the accounts wlh those records. It also ￿dUdeS considering any unusual rtems or disclosures in the accounts and seeking explanalions Irom you as trustees conceming any such matters. The procedures undertaken do not prowde all the evidence that v40uld be required in an audit. and consequenuy I do nol express an aLKlil opinion on Ihe VP4¥ given by the accA)unts. Ind•p•ndent examlnrfs stat•menl In ¢onneclion wlh my examination. no matter has come to my attention: ich gives me reasonable cause to believe Ihat in any material respect Ihe requirements to keep accounting records in accordance section 41 of the Act and to prepare accounts vthich accorrj vrith the accounting recor(Is and comply with the requirements of the Act. as 8Lw contained in the Church Accounting Regulations 1997 have not been met. to whi¢h, in my opinion. attention should be drawn in order lo enable a Fycoer understanding of the accounts to be reached. Date.. Independent Examiner PAROCHIAL CHURCH COUNCIL OF S. MARY B.V. BURLEY IN YIHARFEDALE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 ACCOUNTING POUCIES The financi81 statements have been wepared in accordan￿ the Church Accounting Regulations 1997 logelher wlh applicable accwnting stsndards and the Charities SORP. The financial stslemenls have been prepared under the histori(21 cosl corwention except for the valLbation of investment assets. which are Sho￿ al mad(et value. Funds General funds represent the funds of the PCC that arenot sufy.ect to any restn"cb"ons regarding their use and are available lor 8pplicab.on on the general wrposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted. The accounts indu(Je transactions. assets and liabilib.es for wthich 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 ol Church members. Incoming R•sourc•s Voluntary income and capital $0(rces Collections are reccsnised when re￿Ved by or on behaff ofts PCC. Planned giv¢ng receivable under coven8nt bs recognised only Nvhen received. Income tax reeoverable on covenants or giftaid donations is recognised when the inctsne is recognised. Grants and *acies lo the PCC are accthjnted for a5 soon a5 the PCC is notified of its legal entitlement andthe amount due. Funds raised by the fete. garden paty, and similar events are ac¢cyJnled for gross. Sales ol books and magazines from the church LM)okstall are a(xounted for gross. Other ￿dinaryAn￿Me Rentsl income from the leth"n9 of churth premises is recognised when Ihe rental is due. Income from investments Dividends and interest are accounted for when receivable. Tax recoverable on such income is recognised in the same accounts.ng year. Gains andlosses ￿ investn*nts Realised gains (x losses are recognised when inveslmenls are sohd. Unrealised gains or losses are acLounted for on Tevalualion of investments at 31 December. Resources Used Grants Grants and donations a￿ accounted for Nthen pabd over. or when awarded. if that award creates a binding obligatson on the PCC. Activthes directly relab.ng to the WLvk ofthe Church The Diocesan share is accounted lor when payable.Any unpai¢J at 31st December is provided for in theseaccounts as an operab'onal (though not a legall liability and is shown as a creditor in the Balance Sheet. Fixed Assets Consecrated land and buildings and mvable church Consecrated and beneficed property is excluded fromthe &counts by $.9612Ha} of the Charities Act 1993. No value is placed on movable church fumishings hdd by the churchwardens on speoal trust for the PCC and which requir8 a faculty for disposal since thePCC consider5 this to be inalienable property. l expenditure incurred during the year on consecrnted or benef￿d buildings and movable church fumishings. wheiher maintenance Of improvemenL is written off as expenditure in the SOFA and separately disclosed. Other fixtures, fith.ngs andoffte equjpmenl Equipment used Wbihin the church premises is ctytsyand written off in the yeaf of purchase. Investmenls Investmen15 a￿ valued at market value at 31 December. cU￿entaS$8Is Amounts owing to the PCC at 31 December in res￿ of fees. rents or other income a￿ shown as debtors less prowsion for amounts that may prove uncollects"ble. Short-term dep)sits include cash held on deposit either wilh the CBF Church of England FLbnds or al the bank. PAROCHIAL CHURCH COUNCIL OF ST PAARY$ THE BLESSED VIRGIN BURLEY IN WHARFEDALE BALANCE SHEET 2022 2022 2021 FIXED ASSESTS Ton9ible Fixed Assests 131.cth £ 131.000 Current Assests 281.354 £ 423.250 412.354 £ 554,250 LIA81LITIES Amcwjnts FailiThJ within 1 year 5.4(Kl £ 4.476 406.954 £ 549,T14 Movement 142.820 Genefal Reseryes 31112r2022 Current Accotml (PCC) Currènt Assests Pre Payments 87,021 £ 174,579 £ 19,754 £ 245,126 168,754 9.370 281.354 £ 423.250 Approved by the Pwi81 Clwth 17- 3. L<)23 And Signed on its Behar by PAROCHIAL CHURCH COUNCIL OF ST MARY THE BLESSED VIRGIN BURLEY IN WHARFEDALE TREASURER'S REPORT This is my second Treasurers Report to the APCM, I wouhl like to say Ft via5 eaS￿r than the first, alas every year the￿ will be issues with keeping the church's finances in some sort of order. The report has again been put together with the Invaluab￿ help of Duncan Watts. who together Nmth his V￿fe Caroline has provided invaluable help and Coffee when things wouhl not add up. We must also thank our new exarniner John McGhee has steppod in to provide the necessary independence to these accounts. Looking back at the year I think it V￿UkI be useful to review the finances of the church in two distinct parts. the day-to4ay operatron of the church and the money exper)ded on the reordering of the church. The day-to-day operation of the church has generated a surplus of around £19,000. The income is bolstered by a generous donation of £25.000 from a member of the congregation, without this we would be running a deficit of around £6.000. This is probably greater than anticipated due to a subsidy agreed by the PCC of around £8,000 to the Parish Centre. where. due to a redudion in bookings and capital expenditure on the Revered Sutcliffe room. we would be in deficit. Overdll. therefore. although tr￿th the PCC and the Parish are accounted separately as a church, we Should view both their financial posthons together. In the coming year the￿ wll be significant cost increases aSs￿lated with the purchase of energy and ongoing mainlenance works at the Parish Centre. This is rbow over 15 years old and some of the rnore complex parts of the building are coming to the end of their working lives. Unless we can generate a significant increase in bookings at the Parish Centre the ongoing losses will need to be subsidised by the Church. The overall balance sheet ha5 reduced by around £142.000. This is due to over £160.000 spent on the building works at the church and the professronal fees associaled with the works. The details of the works undertaken is set out in more detail in the fabric rerort, but as the TreaSU￿r, I feel that the money spent has significantly improved the intemal decoration of the church and resolved st￿￿tural and damp issues associated Y￿h the fabric. The PCC are still keen lo carry on wth the next phases of the reordering and we shoubd, as a parish, understarnl that this cannot be paKI out of reserves. therefore a signlficant fundraising efft)rt will be required. Can l finalty thank everyone wh) contribuies to Ihe ongoing finances of the church. either through individual donations or the Central givirvJ Scheme. As can be seen the church receives signfficant donations but our expenditure is also significant especially in relation to the Parish Share. this was fulty paid (£92.0001. Ajthough this looks substantial il is artificially held al a lower amount than the Diocese would like. due to a maximum percentage of any ir￿8 that can be paid through the Parish Share. Jo n Spencer T￿asu￿r TOTXS IN¢oimiK ftE8OUR¢ES Hanned&￿￿. Centya ainedGi￿w. Sl May5 nod&￿Tra. En￿￿)p•S .N1 É 10.1rf £ 2.352 £ 70.498 t 1.081 t 1)17 £ 3.OXI £ .•41 E 10.105 £ ijsz É 59.560 16.r159 8.215 a4.734 IM1 £ lJ17 e J,sM É Imty £ 3.263 Dwthon8 2.212 158.979 Lrfffj f1mwC￿ 4.445 E 2*474 £ 43.rtho £ 47WS £ 2W4 £ 25.000 21.001 107.83S t Vdu GArt*. S••P•J• n Fritttht)fSt M* 1.101 E 5.103 E 2,729 3,312 15,7C6 DthMtiontoothroxhWc¢k 160 É 1.095 £ 1.125 É 1.015 E 1.125 E 70 PCC C<*Yeo Mcrfrirvj 3.237 3.352 2• 212 £ 212 E Rent 497 £ InL>ThtoGewd VATRe¢l￿￿ (J¢e Me 31 CNJr<* LoJn 134 TOTAL IIICCIIE 114142 £ SlWJ £ Reli¢l￿d Dth*m•rtApna• 9.011 £ I￿1 £ 1Z.629 12629 Pthshshwe 91102 È 1612 E .1V £ 12 £ 90.$58 2.259 2.147 91.994 4410 E 2.2￿ £ 3.551 e 5,537 2.J04 Insur ckI￿n0 55 6.336 AKhrfect5fees INwP•t drKYthtirvJl 712 712 £ 1.688 3.453 DkecicrfolPlv5iGIOwd* Telephm EmpknywsPerniQnl Outte#hl 421$ 1.052 5 £ 4$3 3,2Tr2 2.rn7 É ino È 27.553 d Ad￿￿rI Pansh Cer*e PA iothe VK4rlP*nhAdrririJfr* 3.565 £ 2.111 t 4.435 6.030 11•1 È 1ts.488 PA 1.200 E 1310 £ 3.L*O 3.869 355 145 146 Po*thyèistWJJnwy P*Jok$ Relrnshm•mi Bqnk Chary•¥ 49 £ 1216 £ 2.1Jg £ 121fj £ 1139 a.637 ¢ 8.6J7 £ 7.429 13DJ43 £ 2•J7• t 110M23 £ 153.073 19.117 161.927 TOTAL MOVEA 142.74 STAFF COSTS 2Q21 PAI0lhe Wca7 3.565 £ 4.215 £ 3,4$3 0,433 7,767 F4mtyWarks PwshCerii•Mw4er 9.861 £ 24.088 Cknh TOTAL otorn￿ C¢¢t 111r2ord 131.C 131.0ty) N•t PthkVsbJe 3111￿22 131 1 PCC Gnm OtherGr4NI 4.D)J e .445 É 4.611 E 219 e 4.611 219 257 971 9.087 £ •LLWTh) c￿l¢￿erf$ S 357 £ 2S7 't4e$ 10 se￿ W**Nep4 Ths*4edTni* aud•Y¢L￿m￿NtyTIk￿t 154 750 t 1QO £ 750 £ lth) E 250 E 250 £ 1.OW É 2.loj £ knn Ouey Chn*ai Resoutus 8urttyLcK*thy￿ Reb61 2S0 £ 1.W) t 2.1W £ 2,550 2.800 2,4C*J 109 Grsrtsfot 7S0 £ 254 t 1,OW £ 750 £ 2$4 £ 1.otsj £ uk￿MI￿ Arv Mil*￿￿ &vty 8.745 £ 9.011 È 12.378 L••d$ Sthm ChJKh TOTAL 745 ¢ 14J79 PAROCHIAL CHLIRCH COUNC￿ OF ST IAARYSTHE BLESSED BURLEY IN %*WARFEDALE BUDGET 2023 KCthIE christy￿ GNir¥J A Li51 Envebpes CLqleclions in ChL¥¢h Incotne Tax Rebate- Path Grrf Income Tax Rebate Sal￿- Magaa Sales- Advertis￿9 PCC Coffee Morr Fees I Weddings Investment Income GTrnts lovrdrds Mi55Kn &viNJ DOna￿￿5frorn F￿ndS Fund Donat￿n$t0 Outrea Donat￿n$t0 OuireaL*- Grf b Roten￿ Funds VAT redairn 65.W).CK) £ lo.c￿.￿ wKabo¥e 3.(￿0.￿ inc above S.￿70.[1) £ 14.C#X). 6.Cl)O.W £ 1200.W £ 1.750.(X) £ 86.0￿).00 4.WO. 21.0￿.00 6,(ts).Crf) £ 6￿.C￿ £ S.{¥)).￿ E 3.(1)O.oJ £ 4.￿j.C￿l 250.CKJ 5.OW.00 3.0[¥).￿) 1.￿.00 2,(N)O.thJ £ 1.(M)0.￿ £ 2.SCrf). 1.0fr). 129,050.00 ue51s1 Legacy 1.Cp)O 123*.111 £ 130.050.fj0 Exp•ndltw• Parish Shar Ission Gvng A￿h￿Cl5 Fees-wtol reserb*s Expenthi Eucharisi E￿triChty Wa 94.OD).C¥J £ 4.(O).C•J £ 2.191.92 9.IxKs.rKJ 1.4))).￿ £ SryJ.Tr) £ 2.OOD.¢J) £ 2.gX). 1.C¥X).CbJ 1.000.(X) 2W.tX) 4.(￿.00 3.000 W E BT Insuran 2.500.Tr) £ 4.500.Th) £ 3.WO.W £ 2.500. 1.eoo.i#J 2.WO.Th) 2.riJo.Th] Rèpai￿ aThJ Rer*waL8 Gardtning Choir Pay reetorol Mu*cllknThst Or9an Rep3Y5 Js SundayS(thool l R* ctvJir Fund Prinilw I S181v)n8ry81¢ lassm PC paydfor Ili81 PAlotr*Vt Presentston Church Literalwe Parish Centre Manager- PCC rth¥pth￿ £ Empbs•rs Pensbjn S.LKrf>.tsJ £ 5fy).￿ £ 1D).(KJ £ 5D).W £ 1.5)0. 1.ijj0.r￿) 3W.CbJ £ a29).￿ £ 3(K) LN) £ 250 ¢J) £ 8250.￿ E 4.CA)O.CA) 2SO.Cp) 4.3JO. 141.￿ (#] £ 136.4141.92 D•ficlt Aelul 2022 D8Mt 17.71JQ.QQ £ 1.9Z 2,270.0) Not•• 1.0 Re0￿ering final pAymento1£14.000 outolR5W￿s 2.0 8￿￿et has a$SLthed lamdyworker 3.0 We have assumed an in woThJ quan8r 4.0 Add￿trIal EN￿8￿￿j￿1ot Ma￿ger(sO %ofsa*yl. Tryeaso m Par*h *th*mstra￿rs8tsry¥th Cknaners s818ry around £11.0Th) pw8rffjirn ST IAARYS PARISH CENTRE BURLEY IM IYHARFEDALE ACCOUIITS TO THE APCM 2022 INCOME 2022 2021 Room Hire Open Door Sale5 of Card Phot¢xopyir4J Donnalions Deposit Account Inte￿$t Grants 19,748 £ 4.810 55 997 £ 23.277 22,942 TOTAL 43,686 £ 28,152 EXPENDITURE Insurance Water Rale$ Eleclrcty and Gas Cleaning Plus NET Computer Services TV Licence Phones Photocopying Costs Consumables ndow Cleaning Safety and Maintenane Centre Manager Costs Petty Cash Cuppa Cake Conslru¢tion Works inc Architect5 lees Other 813 £ 756 180 160 2,484 916 inc below 634 £ 3.752 £ 2,392 £ 255 £ 1.980 £ 159 £ 433 £ 1.492 £ 991 t 300 £ 3,261 £ 3.731 £ 1.197 159 353 1,629 893 330 7,986 2,487 87 525 £ 18.286 £ 917 £ 4.878 TOTAL 39,923 É 24,799 Summary Deficrt I Surplus Surplu5 Carried Foward- Current Account Total Funds at the End of the Y End of Year Bank 8alan¢e Deposit Account Cash n Hand 3,353 £ 24,875 £ 28,227 £ 12,835 £ 15.832 £ 3,352 21.523 24,875 9.235 15,626 13 Temporary Treasurer P J Spencer Accounts Authorised Duncan Watts Burley in Wharfedale Branch Mothers Union Receipts and Payments- Year ending 31st December2022 Income Subscriptions strawberryTeas Donation Overseas Boxes other Totsl 2022 £336. £1￿.[￿1 £20.00 2021 É784. £60.&) £16.OD Expendlture Subs to Diocese 818 Give Christmas Challenee Total £336.00 £784.00 £53&1X) £784. Account Summary Opening Cash plus 8ank Balan Income during year Expenditure during year Surplus/Deficit generated in year End of Year Cash In Hand End of Year Bank Balan £170.68 £546.00 £536.00 £10.00 £52.17 E128.51 £94.68 £860. £784.00 E76.(K) £42.17 £128.51 Branch Treasurer Linda J Nelson 12103/z3 Accounts authorised bv k. Duncan R Watts Ladies Group Recelpts and Paynwnts- 2 y￿￿$ ending 3tst i*thiber 2022 Income Dgor Totsl 21 £42.0) Expendityre Refreshments Speakers Total £13.C o. E24.45 Account Summary Openin8 Cash plu$ 8ank Balance Income during year Expenditure durin8 year SurpluslDefitit generatèd in year ETMI of Year Cash In Hand End of Year 8ank Balance £871.49 E42.(X) £83.( £41. £16.55 £813.94 £895.94 £895.94 £24.45 £24.45 £57.5S £813.94 £82.00 £813.94 8ranch Treasurer Linda J Nelson 17131 z3 Accounts authorised by J& DUn￿Tr R Watts >71011¥3