Charity registra�on number 1134217
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST, HARTFORD, CHESTER DIOCESE
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST, HARTFORD, CHESTER DIOCESE
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Rev. Dimitri Alldridge Rev. George Agar Ian Barton Graham Campbell Andre Bulbeck Rosalind Campbell Barry Chidlow Emily Dean Simon Greatrex Danny Greaves Audrey KerrTaylor David Richards Rev. James Robson Rev. Mike Smith Catherine Yevseyev Fiona Hughes David King Caroline Mackenzie Helen Small Rev John Teasdale Helen Barber (Appointed 11 July 2022)
Charity number
Independent examiner
Bankers
1134217 Mitchell Charlesworth 24 Nicholas Street Chester CH1 2AU Virgin Money 34 Princess Street Stockport SK1 1RE
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST, HARTFORD, CHESTER DIOCESE
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 6 |
| Independent examiner's report | 7 |
| Statement of fnancial ac�vi�es | 8 9 |
| Balance sheet | 10 |
| Notes to the fnancial statements | 11 22 |
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST, HARTFORD, CHESTER DIOCESE
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2022
The trustees present their annual report and financial statements for the year ended 31 December 2022.
The financial statements have been prepared in accordance with the accoun�ng policies set out in note 1 to the financial statements and comply with the charity's governing documents (the Parochial Church Council (Powers) Measure 1956 as amended and the Church Representa�on Rules), the Chari�es Act 2011 and "Accoun�ng and Repor�ng by Chari�es: Statement of Recommended Prac�ce applicable to chari�es preparing their accounts in accordance with the Financial Repor�ng Standard applicable in the UK and Republic of Ireland (FRS 102)" (effec�ve 1 January 2019).
Objec�ves and ac�vi�es
The objec�ve of the PCC is the promo�on of the Gospel of our Lord Jesus Christ according to the doctrines and prac�ces of the Church of England.
In accordance with the requirements of the Parochial Church Council (Powers) Measure 1956, the PCCcooperates with the ministers in promo�ng in the parish the whole mission of the Church, pastoral, evangelis�c, social and ecumenical.
The main ac�vi�es of the PCC are:
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the provision of regular public worship that is open to all
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the provision of pastoral work including the visi�ng of the sick, the elderly and the bereaved
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the teaching of the Chris�an faith through sermons, small groups, courses for adults, children’s mee�ngs and links with the local schools
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the promo�on of the Chris�an faith through various events organised by the PCC
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the support of other chari�es involved in Chris�an outreach and development
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what ac�vi�es the charity should undertake.
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST, HARTFORD, CHESTER DIOCESE
TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Achievements and performance
Among the highlights for us as a church this year was the start of the Bakes, Brews and Chat ministry, which proved an immediate success. Also restar�ng were Koinonia and Ladies’ Fellowship, which mean so much to those who a!end.
This was also the year of the Fisherman’s Tale, our latest schools’ mission which brought in class a$er class of children (and adults!) who were cap�vated by “Peter” telling his eyewitness account of Jesus. Sadly, with the Covid delay, Peter (Fraser) had himself gone to glory, but a team of storytellers brought Peter (the apostle)’s story to life under Julie’s direc�on and incredible staging.
Our work with under18s has been strengthened by new termly leaders’ mee�ngs allowing the teams to come together for food, review, training and importantly prayer. Perhaps the most visible change has been the introduc�on of more regular ‘allage’ services where we’ve mainly been looking at the Ten Commandments together.
During the year Christ Church put loving our neighbour into ac�on (ably led by the new ‘Go and See’ commi!ee) by opening up Christ Church to be a new food bank distribu�on centre.
Also at Christ Church were all the ‘usual’ groups for young ones and notsoyoung ones, men, women and children. Evenings, breakfasts, days away and weekends away. We said goodbye to family members, at funerals, and welcomed new family members at bap�sms and weddings.
Missionary Support
The Missionary Strategy Group comprises the Vicar, Minister of Christ Church, Churchwardens plus a missionary supporter from each church. The group makes recommenda�ons to PCC about missionaries to support and to what financial level and dura�on.
Regular informa�on about our mission partners is communicated through the monthly Missionary Prayer News update. Each church’s website has a sec�on with informa�on about our mission partners. We make a point of praying for our missionaries at our regular church prayer mee�ngs and during our Sunday services. In total, we donated £47,050 to missionary organisa�ons in 2022.
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST, HARTFORD, CHESTER DIOCESE
TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
The Trustees have considered the advice provided by the Charity Commission in their note CC19. We believe that a prudent level of reserves is approximately eight to ten weeks cash ou�low to allow sufficient working amounts in the current accounts at both St. John’s and Christ Church.
During 2019, we started a 5year strategy to build an addional ‘Staffing Reserve’ for future hiring requirements, and this connued throughout 2020 and the first half of 2021. This reserve was to minimise and spread the required increases in planned giving in future years. As a result of this strategy, cash at the end of 2022 was higher than normal. Rev. Jon Teasdale joined us as Associate Vicar for St John’s in July 2021. With Jon’s arrival our parish share increased (Jon, like other clergy, is an office holder whose spend is paid by the Diocese) and the Staffing Reserve has been used to offset the addional amount of parish share. The Staffing Reserve reached £60,000 in June 2021, but as planned had reduced to £24,000 at December 2022.
Nathan Heeb joined the team as our Youth Worker in December 2020 and has made a valuable contribu*on to the work during the last two years.
During the spring of 2021, we unexpectedly received an influx of people from Hong Kong, who had relocated to mid Cheshire following the addional restricons imposed by the Chinese Authories. The PCC agreed to employ one of their number, Lewis Li, who is undertaking theological training, as a lay minister to the Cantonese speaking members of the congregaon. To manage the financial risk, Lewis was employed inially on a temporary one year contract, but this was made permanent in 2022. We have already received generous gi?s supporng this work and we pray that the Lord will con*nue to bless this work financially.
The charity’s main income is from planned (regular) giving and associated Gi? Aid tax refunds. This comes from around 130 givers at St John’s and 50 at Christ Church. A sudden cessaon of income is therefore unlikely. In the event of a shor�all, the Trustees will seek to increase income by holding a gi? day. Expenditure could also be reduced by postponing capital expenditure, reducing staff levels, withholding parish share (a voluntary payment) or reducing the amount donated to Missionary Sociees (a discreonary payment). Our reserve gives adequate me for the trustees to assess any situaon and take appropriate acon.
As reported at the AGM in 2022, the COVID19 pandemic had a significant impact on the PCC’s finances. The plate income and fees from funerals & weddings dropped. but the largest impact was the loss of rental income from St John’s Church Centre. Since the end of the Covid restricons as life has returned to normal, plate income and fees have recovered, and rental income from the Church Centre has increased faster than expected. In January 2022, we appointed Graham Sunners as a part me Operaons Facilitator to help manage the addional administra*on work involved.
The PCC's primary income is Gi? Aided planned giving, this was unaffected by the pandemic.
The huge rise in energy costs since the start of 2022 has put a considerable strain on our finances during 2022, and we are monitoring these costs closely and invesgang ways of reducing energy consump*on.
Financial Commentary
The PCC had another highly unusual and challenging financial year in 2022, but, by God’s grace and through the recovery of donaons and rental income from the Church Centre, described in the previous secon, we were able to meet our commitments to ministry in the parish (including ministry to newcomers from Hong Kong), support our Mission Partners and to finance the ministry of Rev. Jon Teasdale as Associate Vicar at St John’s by use of the Staffing Reserve.
Voluntary giving at the two churches, the PCC’s main source of income, remained largely unchanged as noted in the sec*on above.
The drop in income experienced in 2020 and 2021 due to the pandemic, which included the enforced closure in 2020 of St John’s Church, the Church Centre and Christ Church due to COVID19 restricons, was reversed in 2022 as life returned to normal, and plate collecons, fees and income from the Church Centre recovered. In addion, a Gi? Day at St John’s raised around £30,000, and because of these addional dona*ons, together with the larger than expected income from the Church Centre, and some generous oneoff gi?s at Christ Church, the PCC was able to achieve all its financial targets.
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST, HARTFORD, CHESTER DIOCESE
TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Reserves policy
The PCC’s undesignated and unrestricted cash balances at December 2022 were £121,017 (2021: £82,116). The main areas of PCC expenditure are parish share, the payment of staff salaries, the support of mission and relief agencies, the maintenance of proper)es, plus rent and mortgage payments, and in 2022, the increased energy costs of hea)ng and ligh)ng our three buildings. In addi)on, £8,000 of general funds was used to pay part of the mortgage on St John’s Church Centre.
The PCC has a noncontributory pension scheme which is a Defined Benefit Scheme run by the Church of England Pensions Board. It is autoenrolment compliant and the permanent staff were autoenrolled into this scheme in July 2016 in compliance with the appropriate legisla)on. There is no liability for a deficit at the moment for the Pension Scheme.
Regular giving towards the repayment of the loans on St John’s Church Centre con)nued to be received. Gi4s received during the year were £16,784 plus £8,558 tax refund on Gi4 Aided dona)ons made during the last couple of years. All congrega)onal loans have now been repaid, leaving only the mortgage loan with Virgin Money (previously Yorkshire Bank). The outstanding balance at 31 December 2022 was £167,564 (2021: £187,616).
The outstanding balance at 31 December 2022 of a separate mortgage loan with Skipton Building Society was £78,923 (2021: £83,121).
During 2022, dona)ons of £15,000 were made to capital projects: £5,000 to the Keswick Conven)on’s Derwent Project, and £10,000 to Le4wich Church Building Appeal. The restricted balance in the Church Centre Project Fund in December 2022 was £8,208 (2021: £15,878).
The trustees have assessed the major risks to which the charity is exposed, and are sa)sfied that systems are in place to mi)gate exposure to the major risks.
Future Plans
The Charity's objec)ve is to preach the Gospel, and we plan to do this by:
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ministering to the people of HarDord and Greenbank
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suppor)ng Mission Partners both in the UK and overseas
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further developing links with local schools and colleges
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developing and resourcing new opportuni)es for Chris)an outreach as they arise
These plans are reviewed regularly by the PCC through the work of its subcommiFees.
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST, HARTFORD, CHESTER DIOCESE
TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Structure, governance and management
The PCC is a corporate body. Its governing documents are the Parochial Church Council (Powers) Measure 1956 as amended and the Church Representa#on Rules. PCC members are recruited in a number of ways. The clergy and churchwardens are members by virtue of their office. General Synod and Diocesan Synod members are also exofficio PCC members. Deanery Synod representa#ves and elected lay PCC members are elected by the Annual Parochial Church Mee#ng (APCM, also referred to informally as AGM) and hold office for three years.
PCC members and Deanery Synod representa#ves are elected from both churches in the parish. At the APCM in April 2013 a resolu#on was passed to divide the elected places on Deanery Synod and PCC between St John’s and Christ Church according to the ra#o between a2endance in the two churches, using a sample month each year.
At the APCM in October 2020, the size of the PCC was reduced to reflect the increased importance of the church sub commi2ees.
'From the next APCM, the total number of elected lay representa#ves to the Parochial Church Council of St John the Bap#st Har:ord and Christ Church Greenbank shall be 9, consis#ng of 6 from St John’s and 3 from Christ Church’.
At the first mee#ng of a newly elected PCC, members are reminded that they are Charity Trustees and are given a brief summary of their du#es. On elec#on each Trustee completes a Statement of Trustee’s Interests and a Register of Trustees’ Interests is kept.
PCC Subcommi&ees
In addi#on to the PCC, we manage the ac#vi#es of the parish using PCC subcommi2ees.
The Standing Commi2ee has delegated powers to make decisions between PCC mee#ngs, subject to keeping the PCC informed.
There are two church subcommi2ees – St John’s Commi2ee and Christ Church Commi2ee. Each commi2ee comprises the clergy, those members of the PCC who worship at each respec#ve church plus addi#onal members who may be coopted for one year.
There is one Missionary Strategy Group, opera#ng across both churches. The PCC retains full financial decisionmaking powers but where possible other decisions are delegated to the relevant church commi2ee.
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Standing Commi2ee
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St John’s Commi2ee
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Christ Church Commi2ee
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Missionary Strategy Group
Each church may establish further local subcommi2ees as required.
Senior Management Personnel
At the report date, and throughout the period, the senior personnel and administra#ve team included the following individuals:
Mike Smith – Vicar Jon Teasdale – Associate Vicar Dimitri Alldridge – Minister of Christ Church Greenbank Jackie Barton – Church Administrator Graham Sunners – Opera#ons Administrator
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST, HARTFORD, CHESTER DIOCESE
TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
The trustees who served during the year and up to the date of signature of the financial statements were:
Rev. Dimitri Alldridge Rev. George Agar Ian Barton Graham Campbell Andre Bulbeck Rosalind Campbell Barry Chidlow Emily Dean Simon Greatrex Danny Greaves Audrey KerrTaylor David Richards Rev. James Robson Rev. Mike Smith Catherine Yevseyev Fiona Hughes David King Caroline Mackenzie Helen Small Rev John Teasdale Helen Barber (Appointed 11 July 2022)
The trustees' report was approved by the Board of Trustees.
Graham Campbell Trustee Dated: 17 April 2023
Rev. Mike Smith Trustee Dated:17 April 2023
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST, HARTFORD, CHESTER DIOCESE
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST, HARTFORD, CHESTER DIOCESE
I report to the trustees on my examina�on of the financial statements of The Parochial Church Council of the Ecclesias�cal Parish of St John the Bap�st, Har�ord, Chester Diocese (the charity) for the year ended 31 December 2022.
Responsibili�es and basis of report
As the trustees of the charity you are responsible for the prepara�on of the financial statements in accordance with the requirements of the Chari�es Act 2011 (the 2011 Act).
I report in respect of my examina�on of the charity’s financial statements carried out under sec�on 145 of the 2011 Act. In carrying out my examina�on I have followed all the applicable Direc�ons given by the Charity Commission under sec�on 145(5)(b) of the 2011 Act.
Independent examiner's statement
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in sec�on 145 of the 2011 Act. I confirm that I am qualified to undertake the examina�on because I am a member of The Ins�tute of Chartered Accountants in England and Wales, which is one of the listed bodies.
Your a6en�on is drawn to the fact that the charity has prepared financial statements in accordance with Accoun�ng and Repor�ng by Chari�es preparing their accounts in accordance with the Financial Repor�ng Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accoun�ng and Repor�ng by Chari�es: Statement of Recommended Prac�ce issued on 1 April 2005 which is referred to in the extant regula�ons but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accoun�ng Prac�ce effec�ve for repor�ng periods beginning on or a>er 1 January 2015.
I have completed my examina�on. I confirm that no ma6ers have come to my a6en�on in connec�on with the examina�on giving me cause to believe that in any material respect:
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1 accoun�ng records were not kept in respect of the charity as required by sec�on 130 of the 2011 Act; or
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Chari�es (Accounts and Reports) Regula�ons 2008 other than any requirement that the accounts give a true and fair view which is not a ma6er considered as part of an independent examina�on.
I have no concerns and have come across no other ma6ers in connec�on with the examina�on to which a6en�on should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Robert Hall, FCA Mitchell Charlesworth
24 Nicholas Street Chester CH1 2AU
Dated: 26 October 2023
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST, HARTFORD, CHESTER DIOCESE
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2022
| Current fnancial year | Current fnancial year | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | |||
| funds | funds | funds | |||||
| 2022 | 2022 | 2022 | 2022 | 2021 | |||
| Notes | £ | £ | £ | £ | £ | ||
| Income and endowments from: | |||||||
| Dona�ons and legacies | 3 | 474,850 | 26,592 | | 501,442 | 446,401 | |
| Charitable ac�vi� | es | 4 | 44,318 | 6,321 | | 50,639 | 8,023 |
| Investments | 5 | 1,948 | 73 | 57 | 2,078 | 56 | |
| Other income | 6 | 7,793 | 5,254 | | 13,047 | 6,744 | |
| Total income and endowments | 528,909 | 38,240 | 57 | 567,206 | 461,224 | ||
| Expenditure on: | |||||||
| Charitable ac�vi� | es | 7 | 552,297 | 31,070 | | 583,367 | 454,702 |
| Other | 11 | 3,432 | | | 3,432 | | |
| Total expenditure | 555,729 | 31,070 | | 586,799 | 454,702 | ||
| Net (outgoing)/incoming resources before | |||||||
| transfers | (26,820) | 7,170 | 57 | (19,593) | 6,522 | ||
| Gross transfers between funds | 12,052 | (12,052) | | | | ||
| Net movement in funds | (14,768) | (4,882) | 57 | (19,593) | 6,522 | ||
| Fund balances at | 1 January 2022 | 1,301,290 | 19,177 | 4,364 | 1,324,831 | 1,318,309 | |
| Fund balances at 31 December 2022 | 1,286,522 | 14,295 | 4,421 | 1,305,238 | 1,324,831 |
The statement of financial ac�vi�es includes all gains and losses recognised in the year.
All income and expenditure derive from con�nuing ac�vi�es.
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST, HARTFORD, CHESTER DIOCESE
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
| Prior fnancial year | Prior fnancial year | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | ||||
| funds | funds | funds | |||||
| 2021 | 2021 | 2021 | 2021 | ||||
| Notes | £ | £ | £ | £ | |||
| Income and endowments from: | |||||||
| Dona�ons and legacies | 3 | 416,916 | 29,485 | | 446,401 | ||
| Charitable ac�vi� | es | 4 | 7,076 | 947 | | 8,023 | |
| Investments | 5 | 46 | 8 | 2 | 56 | ||
| Other income | 6 | 1,468 | 5,276 | | 6,744 | ||
| Total income and endowments | 425,506 | 35,716 | 2 | 461,224 | |||
| Expenditure on: | |||||||
| Charitable ac�vi� | es | 7 | 443,757 | 10,945 | | 454,702 | |
| Total expenditure | 443,757 | 10,945 | | 454,702 | |||
| Net (outgoing)/incoming resources before transfers | (18,251) | 24,771 | 2 | 6,522 | |||
| Gross transfers between funds | 31,569 | (31,569) | | | |||
| Net movement in funds | 13,318 | (6,798) | 2 | 6,522 | |||
| Fund balances at | 1 January 2021 | 1,287,972 | 25,975 | 4,362 | 1,318,309 | ||
| Fund balances at 31 December 2021 | 1,301,290 | 19,177 | 4,364 | 1,324,831 |
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST, HARTFORD, CHESTER DIOCESE
BALANCE SHEET
AS AT 31 DECEMBER 2022
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |||
| Fixed assets | |||||||
| Tangible assets | 13 | 1,385,625 | 1,417,187 | ||||
| Current assets | |||||||
| Debtors | 14 | 12,201 | 7,217 | ||||
| Cash at bank and in hand | 166,739 | 186,642 | |||||
| 178,940 | 193,859 | ||||||
| Creditors: amounts falling due within one | |||||||
| year | 16 | (37,240) | (39,879) | ||||
| Net current assets | 141,700 | 153,980 | |||||
| Total assets less current liabili0es | 1,527,325 | 1,571,167 | |||||
| Creditors: amounts falling due a1er more | |||||||
| than one year | 17 | (222,087) | (246,336) | ||||
| Net assets | 1,305,238 | 1,324,831 | |||||
| Capital funds | |||||||
| Endowment funds general | 4,421 | 4,364 | |||||
| Income funds | |||||||
| Restricted funds | 14,295 | 19,177 | |||||
| Unrestricted funds | 1,286,522 | 1,301,290 | |||||
| 1,305,238 | 1,324,831 |
The financial statements were approved by the Trustees on 17 April 2023
Graham Campbell Trustee
Rev. Mike Smith Trustee
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST, HARTFORD, CHESTER DIOCESE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
1 Accoun�ng policies
Charity informa�on
The Parochial Church Council of the Ecclesias�cal Parish of St John the Bap�st, Har�ord, Chester Diocese is an unincorporated charity registered in England and Wales. The primary correspondence address is St John's Church Centre, School Lane, Har�ord, Northwich, CW8 1NP.
1.1 Accoun�ng conven�on
The financial statements have been prepared in accordance with the charity's Parochial Church Council (Powers) Measure 1956, the Church Representa�on Rules, the Chari�es Act 2011 and "Accoun�ng and Repor�ng by Chari�es: Statement of Recommended Prac�ce applicable to chari�es preparing their accounts in accordance with the Financial Repor�ng Standard applicable in the UK and Republic of Ireland (FRS 102) (effec�ve 1 January 2019)". The charity is a Public Benefit En�ty as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for chari�es applying FRS 102 Update Bulle�n 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the func�onal currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost conven�on. The principal accoun�ng policies adopted are set out below.
1.2 Going concern
At the �me of approving the financial statements, the trustees have a reasonable expecta�on that the charity has adequate resources to con�nue in opera�onal existence for the foreseeable future. Thus, the trustees con�nue to adopt the going concern basis of accoun�ng in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discre�on of the trustees in furtherance of their charitable objec�ves.
Restricted funds are subject to specific condi�ons by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific condi�ons by donors that the capital must be maintained by the charity.
1.4 Income
Income is recognised when the charity is legally en�tled to it aBer any performance condi�ons have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash dona�ons are recognised on receipt. Other dona�ons are recognised once the charity has been no�fied of the dona�on, unless performance condi�ons require deferral of the amount. Income tax recoverable in rela�on to dona�ons received under GiB Aid or deeds of covenant is recognised at the �me of the dona�on.
Legacies are recognised on receipt or otherwise if the charity has been no�fied of an impending distribu�on, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a con�ngent asset.
Charitable Ac�vi�es
The Charity has only one charitable ac�vity, therefore all governance costs have been allocated to support costs.
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST, HARTFORD, CHESTER DIOCESE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
1 Accoun�ng policies
(Con�nued)
1.5 Tangible fixed assets
Tangible fixed assets are ini�ally measured at cost and subsequently measured at cost or valua�on, net of deprecia�on and any impairment losses.
Deprecia�on is recognised so as to write off the cost or valua�on of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings 50 years or shown at original purchase price, not depreciated Fixtures, furniture and equipment Between 3 and 5 years
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial ac�vi�es.
1.6 Impairment of fixed assets
At each repor�ng end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indica�on that those assets have suffered an impairment loss. If any such indica�on exists, the recoverable amount of the asset is es�mated in order to determine the extent of the impairment loss (if any).
1.7 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other shortterm liquid investments with original maturi�es of three months or less, and bank overdra-s. Bank overdra-s are shown within borrowings in current liabili�es.
1.8 Financial instruments
The charity has elected to apply the provisions of Sec�on 11 ‘Basic Financial Instruments’ and Sec�on 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabili�es are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an inten�on to se6le on a net basis or to realise the asset and se6le the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are ini�ally measured at transac�on price including transac�on costs and are subsequently carried at amor�sed cost using the effec�ve interest method unless the arrangement cons�tutes a financing transac�on, where the transac�on is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amor�sed.
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST, HARTFORD, CHESTER DIOCESE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
1 Accoun�ng policies
(Con�nued)
Basic financial liabili�es
Basic financial liabili�es, including creditors and bank loans are ini�ally recognised at transac�on price unless the arrangement cons�tutes a financing transac�on, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabili�es classified as payable within one year are not amor�sed.
Debt instruments are subsequently carried at amor�sed cost, using the effec�ve interest rate method.
Trade creditors are obliga�ons to pay for goods or services that have been acquired in the ordinary course of opera�ons from suppliers. Amounts payable are classified as current liabili�es if payment is due within one year or less. If not, they are presented as noncurrent liabili�es. Trade creditors are recognised ini�ally at transac�on price and subsequently measured at amor�sed cost using the effec�ve interest method.
Derecogni�on of financial liabili�es
Financial liabili�es are derecognised when the charity’s contractual obliga�ons expire or are discharged or cancelled.
2 Cri�cal accoun�ng es�mates and judgements
In the applica�on of the charity’s accoun�ng policies, the trustees are required to make judgements, es�mates and assump�ons about the carrying amount of assets and liabili�es that are not readily apparent from other sources. The es�mates and associated assump�ons are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these es�mates.
The es�mates and underlying assump�ons are reviewed on an ongoing basis. Revisions to accoun�ng es�mates are recognised in the period in which the es�mate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST, HARTFORD, CHESTER DIOCESE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
4 Charitable ac!vi!es
| 2022 | 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Sales within charitable ac�vi�es | 12,016 | 5,899 | |
| Other income | 38,623 | 2,124 | |
| 50,639 | 8,023 | ||
| Analysis by fund | |||
| Unrestricted funds | 44,318 | 7,076 | |
| Restricted funds | 6,321 | 947 | |
| 50,639 | 8,023 |
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST, HARTFORD, CHESTER DIOCESE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
| 6 | Other income | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | ||
| funds | funds | funds | funds | ||||
| 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | ||
| £ | £ | £ | £ | £ | £ | ||
| Sundry income | 7,793 | | 7,793 | 1,468 | | 1,468 | |
| Sundry income | | 5,254 | 5,254 | | 5,276 | 5,276 | |
| 7,793 | 5,254 | 13,047 | 1,468 | 5,276 | 6,744 |
7 Charitable ac,vi,es
| 2022 | 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Dona#ons to Mission and Relief Agencies | 62,050 | 51,047 | |
| Costs of Charitable Ac#vi#es within the Parish | 395,528 | 330,189 | |
| Support Costs in support of Charitable Ac#vi#es | 76,770 | 22,906 | |
| Publicity in Support of Charitable Ac#vi#es | | 763 | |
| Support Costs | 17,098 | 17,773 | |
| Deprecia#on | 31,921 | 32,024 | |
| 583,367 | 454,702 | ||
| 583,367 | 454,702 | ||
| Analysis by fund | |||
| Unrestricted funds | 552,297 | 443,757 | |
| Restricted funds | 31,070 | 10,945 | |
| 583,367 | 454,702 |
8 Independent Examiner’s Remunera,on
The amount payable to the Independent Examiner totaled £2,184 (2021: £1,938).
This total can be analysed as follows:
Independent Examina#on fees £1,764 (2021: £1,938).
Fees for other work £420 (2021: £Nil).
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST, HARTFORD, CHESTER DIOCESE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
9 Trustees
Expenses amoun�ng to £7,917 were paid to 3 Trustees (2021 Expenses amoun�ng to £9,811 were paid to 3 Trustees).
The main expenses incurred were car travel, public transport, purchase of theological books, telephone/mobile/internet costs, a)endance at conferences & training courses and computer hardware & so+ware.
With the excep�on of those disclosed above and below in Note 22, there were no other disclosable transac�ons in respect of PCC members, persons closely connected with them or related par�es.
10 Employees
The average monthly number of employees during the year was:
| 2022 | 2021 |
|---|---|
| Number | Number |
| 8 | 7 |
There were no employees whose annual remunera�on was more than £60,000.
| 11 | Other | |||
|---|---|---|---|---|
| Unrestricted | Total | |||
| funds | ||||
| 2022 | 2021 | |||
| £ | £ | |||
| Other expenditure heading | 1 | 3,432 | | |
| 3,432 | |
12 Taxa/on
The charity is exempt from tax on income and gains falling within sec�on 505 of the Taxes Act 1988 or sec�on 252 of the Taxa�onof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST, HARTFORD, CHESTER DIOCESE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
| 13 | Tangible fxed assets | |||||
|---|---|---|---|---|---|---|
| Freehold land | Fixtures, |
Total | ||||
| and buildings | furniture and | |||||
| equipment | ||||||
| £ | £ | £ | ||||
| Cost | ||||||
| At 1 January 2022 | 1,747,215 | 78,889 | 1,826,104 | |||
| Addi�ons | | 359 | 359 | |||
| At 31 December 2022 | 1,747,215 | 79,248 | 1,826,463 | |||
| Deprecia/on and impairment | ||||||
| At 1 January 2022 | 332,380 | 76,537 | 408,917 | |||
| Deprecia�on charged in the year | 30,253 | 1,668 | 31,921 | |||
| At 31 December 2022 | 362,633 | 78,205 | 440,838 | |||
| Carrying amount | ||||||
| At 31 December 2022 | 1,384,582 | 1,043 | 1,385,625 | |||
| At 31 December 2021 | 1,414,835 | 2,352 | 1,417,187 | |||
| 14 | Debtors | |||||
| 2022 | 2021 | |||||
| Amounts falling due within one year: | £ | £ | ||||
| Other debtors | 11,057 | 5,965 | ||||
| Prepayments and accrued income | 1,144 | 1,252 | ||||
| 12,201 | 7,217 | |||||
| 15 | Loans and overdra8s | |||||
| 2022 | 2021 | |||||
| £ | £ | |||||
| Bank loans | 246,487 | 270,736 | ||||
| Payable within one year | 24,400 | 24,400 | ||||
| Payable a)er one year | 222,087 | 246,336 |
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST, HARTFORD, CHESTER DIOCESE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
16 Creditors: amounts falling due within one year
| 2022 | 2021 | ||
|---|---|---|---|
| Notes | £ | £ | |
| Bank loans | 15 | 24,400 | 24,400 |
| Deferred income | 18 | 1,803 | |
| Trade creditors | 11,037 | 15,479 | |
| 37,240 | 39,879 |
Bank loans include mortgages totalling £24,400 (2021 £24,400) which are secured against proper&es held within fixed assets.
17 Creditors: amounts falling due a1er more than one year
| 2022 | 2021 | ||
|---|---|---|---|
| Notes | £ | £ | |
| Bank loans | 15 | 222,087 | 246,336 |
Bank loans include mortgages totalling £222,087 (2021 £246,336) which are secured against proper&es held within fixed assets.
18 Deferred income
| 2022 | 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Arising from Amounts received in 2022 rela&ng to | |||
| 2023 | 1,803 | | |
| Deferred income is included in the fnancial statements as follows: | |||
| 2022 | 2021 | ||
| £ | £ | ||
| Deferred income is included within: | |||
| Current liabili&es | 1,803 | | |
| Movements in the year: | |||
| Deferred income at 1 January 2022 | | | |
| Resources deferred in the year | 1,803 | | |
| Deferred income at 31 December 2022 | 1,803 | |
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rrt O U) cn J o to r4 (r J o to O
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST, HARTFORD, CHESTER DIOCESE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
20 Pensions
The PCC par�cipates in the Pension Builder Classic Scheme sec�on of CWPF for lay staff. The Scheme is administered by the Church of England Pensions Board, which holds the assets of the schemes separately from those of the PCC and the other par�cipa�ng employers.
21 Opera"ng lease commitments
At the repor�ng end date the charity had outstanding commitments for future minimum lease payments under non cancellable opera�ng leases, which fall due as follows:
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Within one year | 20,000 | 20,000 |
| Between two and fve years | | 20,000 |
| 20,000 | 40,000 |
22 Related party transac"ons
The s�pendiary clergy are office holders not employees and are paid a s�pend through the Diocese, the nons�pendiary clergy receive no remunera�on for their service.
Transac"ons with related par"es
During the year the charity received total dona�ons of £49,737 (2021: £45,076) from the trustees. All dona�ons received from the trustees were received without condi�ons.
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