## THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF KENWYN WITH ST ALLEN
ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
Registered Charity Number 1134349
**REPORT AND ACCOUNTS FOR THE PAROCHIAL COUNCIL OF THE ECCLESIASTICAL PARISH OF KENWYN WITH ST ALLEN FOR THE YEAR ENDED 31 DECEMBER 2022**
|**Table of Contents**|**Page Number**|
|---|---|
|Trustees’ Report|2 - 5|
|Independent Examiner’s Report|6|
|Statement of Financial Activities|7|
|Balance Sheet|8|
|Notes to the Financial Statements|9 - 16|
Page 1
## **REPORT AND ACCOUNTS FOR THE PAROCHIAL COUNCIL OF THE ECCLESIASTICAL PARISH OF KENWYN WITH ST ALLEN FOR THE YEAR ENDED 31 DECEMBER 2022 Parish of Kenwyn with St Allen Annual Report 2022**
PCC Secretary Mrs Helen Perry 11 Trevaylor Close Truro TR1 3DR
## **Parish Mission Statement**
## **1. To support and nurture the spiritual development of our members, young and old.**
We aim to do this by worshipping, praying and learning together as a church and with Christians of other traditions and by being prepared to embrace new challenges on our journey of faith.
## **2. To foster Christian spiritual development in those outside the main church community.**
We do this through evangelism, through contact with schools, by welcoming newcomers and nurturing new believers of all ages.
## **3. To serve and support the needs of our own communities and further afield.**
We do this by visiting the elderly, the ill & the bereaved, by offering support to families and by engaging with churches and charitable organisations at home and abroad through prayer and financial support.
## **4. To support and encourage each other in our daily life and to bear witness outside the church community.**
We do this by responding to the needs of one another and by encouraging all kinds of individual involvement in our local community.
## **5. To support the Church of England’s National Environmental Campaign to address in faith, practice and mission the issues of sustainability and climate change.**
We do this by challenging, encouraging and supporting each other to live and work in a more sustainable and environmentally sensitive way.
## **The Parochial Church Council**
The PCC is a corporate body established by the Church of England. It operates under the Parochial Church Council Powers measure. The appointment of PCC members is governed by, and set out in, the Church Representation Rules. The PCC is registered with the Charity Commission, number 1134349.
PCC members who are also Trustees by definition under Charities Law unless indicated otherwise, both current and during 2022, were as follows:
|Clergy:|Rev Christopher Parsons|(Vicar/Chairman to May 2022)|
|---|---|---|
|Churchwardens:|Mr David Burgess|(2018 onwards)|
||Mr Adrian Hare|(2011 onwards) (Vice Chairman from May 2021)|
||Mr Martin Wright|(2017 onwards)|
||Mr David Lovelock|(May 2022 onwards)|
||Mrs Helen Perry|(October 2020 – May 2022)|
|Deanery Synod:|Mrs Jane Cameron|(2018-2023)|
||Mrs Helen Perry|(2017-2023)|
||Mr Martin Wright|(2019-2023)|
|Mr Robert Perry, ex-officio|member, elected representative on Diocesan Synod.||
|Elected members:|Mr Arthur Carveth|(2018-2021 / 2021 – 2022 / 2022 - 2025)|
||Mr Brian MacKenley|(May 2021-2024)|
||Mr Ivan Myles|(May 2021-2024)|
||Mr Robert Perry|(May 2022 – 2025)|
||Mr John Richardson|(2017-2023)|
||Mrs Mary Ann Trethewey|(October 2020-2023)|
||Mr Chris Wells (Vice-chairman) (2018-2021 / 2021-2022 / 2022 - 2024)||
||Mrs Maureen Woodhouse|(2019–2022 / 2022 - 2025)|
||Mr David Lovelock|(October 2020 - 2022)|
||Mrs Ann Myles|(May 2021- March 2022)|
Page 2
**REPORT AND ACCOUNTS FOR THE PAROCHIAL COUNCIL OF THE ECCLESIASTICAL PARISH OF KENWYN WITH ST ALLEN FOR THE YEAR ENDED 31 DECEMBER 2022**
The appointment of PCC members is governed by and set out in, the Church Representation Rules. All PCC members are offered and undertake training by the Diocese especially in relation to Safeguarding.
The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure.
Treasurer: Mrs Karen Harris, whilst not a member of he PCC, attended some meetings until her resignation effective from 1 January 2023, to report on financial issues in an advisory capacity.
Focal Minister: Dr Andy Boorne (Ordinand) was assigned to Kenwyn Church in September 2022 under an ongoing pastoral re-organisation scheme and attended PCC meetings in an advisory capacity.
## **Public Benefit**
The PCC is a public benefit entity and the trustees have had due regard to the Charity Commission’s guidance on public benefit
## **Day to Day Management**
This was delegated to the Vicar, Rev Chris Parsons, until May 2022 and then passed to Rev Marc Baker, Rural Dean
## **Financial information**
Bank: (main account) Bank: (project account) Barclays Bank PLC Lloyds Bank PLC 14 King Street 15 Blackheath Village Truro London TR1 2RB SE3 9LH
## **Independent Examiner:**
James Hodgson Hodgsons Chartered Accountants 48 Arwenack Street Falmouth Cornwall TR11 3RH
## **Church Location**
Kenwyn Church (St Keyne) TR1 3DR located at Ordnance Survey Grid Reference: SW819459
St Allen Church (St Alunus/St Alleyne) TR4 9QX located at Ordnance Survey Grid Reference: SW822507
## **Parish statistics for 2022**
Number on Electoral Roll: 92 Baptisms: 12 Confirmations: 0 Weddings: 6 Wedding Blessing 0 Funerals: 5 in church, 2 at crematorium Average Sunday Attendance: St Allen: Under 16: 0 Over 16: 30 Kenwyn: Under 16: 3 Over 16: 38
Page 3
**REPORT AND ACCOUNTS FOR THE PAROCHIAL COUNCIL OF THE ECCLESIASTICAL PARISH OF KENWYN WITH ST ALLEN FOR THE YEAR ENDED 31 DECEMBER 2022**
## **PCC Policies**
The primary objective of the PCC is the promotion of the Gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England. The PCC (Powers) Measure 1956 states the PCC is to co-operate with the minister in promoting in the parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical.
The PCC regularly reviews its policies and procedures:
The agreed reserves policy is to keep in reserve sufficient funds to cover six months’ expenditure from the general fund, excluding Mission and Ministry fund payments and any charitable giving.
Going Concern - the Trustees have concluded that there are no material uncertainties about the PCC’s ability to continue as a going concern as the Charity holds substantial reserves, and if these are compared against known and anticipated levels of liabilities expected to be faced by the PCC they are confident that there is no significant risk of any financial failure.
The Health and Safety policy has been regularly reviewed and risk assessments undertaken where required throughout 2022.
The parish is committed to the safeguarding of children, young people and vulnerable adults / all adults. The PCC follows the House of Bishops guidance and policies and has complied with Section 5 of the Safeguarding and Clergy Discipline Measure 2016. The PCC has noted the Safeguarding Policy Statement Promoting a Safer Church, House of Bishops 2017, follows the guidance on Safer recruitment and People Management and has appointed a Safeguarding and Recruitment Officer.
Training courses on a variety of subjects are available, arranged by the Diocese.
## **PCC Committees**
Six PCC meetings took place during 2022, plus two more with limited agenda. In the Autumn of 2021 discussions commenced regarding re-organisation within the Deanery of Powder leading to proposals for a Pastoral Scheme which will combine six local churches to form the Parish of Trinity, Truro. This led to changes in the PCC Committees during 2022 :A number of committees support the PCC, the scope of which was reviewed and updated during 2021:
## **Standing Committee**
The Standing Committee composition follows the Church Representation Rules, comprising the Vicar (until May 2022), two Churchwardens, and two further members of the PCC. This committee did not meet during 2022.
## **Environmental Committee**
Assists the PCC to challenge, encourage, and support the parish as a whole and as individuals, to live and work in a more sustainable and environmentally sensitive way.
## **Fabric Committee**
Acts in an advisory capacity in respect of maintenance, repair, and development of the church buildings, Lychgate and churchyard at Kenwyn.
## **Faith In Action Committee**
Acts in an advisory capacity for the promotion of the whole mission of the church in pastoral, social, evangelistic and ecumenical matters.
## **Fundraising & Social Committee**
Assists the PCC in organising and co-ordinating a programme of events to help people within the church to know each other better, to extend hospitality to those outside the church, and to raise funds.
## **Worship Committee**
Acts in an advisory capacity in matters pertaining to patterns of worship within the Parish.
Page 4
**REPORT AND ACCOUNTS FOR THE PAROCHIAL COUNCIL OF THE ECCLESIASTICAL PARISH OF KENWYN WITH ST ALLEN FOR THE YEAR ENDED 31 DECEMBER 2022**
## **Church Leadership Teams:**
Looking towards the anticipated structure of the new Parish of Trinity Truro, it was proposed that each church appoint a Leadership Team:
## **Kenwyn:**
Dr Andy Boorne (Ordinand) was appointed Focal Minister in September 2022, and a provisional Leadership Team was formed to replace the previous PCC committees.
## **St Allen:**
As a Focal Minister is still to be appointed the Churchwardens filled the role of Leadership Team from September 2022, assisted by members of the congregation as required.
## **Financial Review**
My thanks again to Robert Perry - Assistant Treasurer – who has, during my 7 years in the role provided great support.
The position at the year end showed a decrease in funds of £70k, an operational deficit of £33k was made before recognising the decrease in value of investments of £37k. Total nest assets stand at £312k (2021 : £382k) General fund income has decreased by £39k made up of legacies of £15k received in 2021, a decrease in “Other Income” of £17k predominantly being made up of funds received towards the Tower project in 2021 and a decrease in Clergy fees and associated income of £2k due to the decrease in wedding and funeral services in 2022.
Costs remain well controlled, the only major increase being in Ministry & Mission Fund costs of £9k.
Karen Harris PCC Treasurer – to 31 December 2022
## **General Review and Achievements**
2022 was a challenging year for the Parish, with the retirement of Rev Chris Parsons (Vicar) in May. There were uncertainties regarding the pastoral re-organisation scheme uniting six Churches into one Parish of Trinity Truro, along with pastoral reorganisation for the wider Deanery of Powder. Ordinand Dr Andy Boorne was allocated to Kenwyn Church to fulfil the role of Focal Minister in the autumn, while a similar appointment is still to made at St Allen.
The hard work of the Churchwardens, assisted by members the congregation, has maintained a regular service pattern throughout the year. Grateful thanks need to be expressed to the parish Worship Leaders and many retired clergy for all that they have done on Sundays as well as officiating at weddings and funerals.
Following the lifting of COVID restrictions many regular members of the congregation have returned to church, and contact is maintained with those now to frail to attend. It has also been a delight to welcome a number of new people, both young and old. Outreach into the community has proved challenging, and it is hoped that this can be improved during 2023.
We look forward to the completion of the new Pastoral Scheme, and the appointment of a Focal Minister for St Allen, allowing the new parish to go forward in a positive direction.
Helen Perry (PCC Secretary)
Page 5
**REPORT AND ACCOUNTS FOR THE PAROCHIAL COUNCIL OF THE ECCLESIASTICAL PARISH OF KENWYN WITH ST ALLEN FOR THE YEAR ENDED 31 DECEMBER 2022**
## **Independent examiner’s report to the Trustees of The Parochial Church Council of the Ecclesiastical Parish of Kenwyn with St Allen**
I report to the trustees on my examination of the accounts of The Parochial Church Council of the Ecclesiastical Parish of Kenwyn with St Allen (“PCC”) for the year ended 31 December 2022, which are set out on pages 7 - 16
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011(‘the Act’).
I report in respect of my examination of the Trustee’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- (1) accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
- (2) the accounts do not accord with those records; or
- (3) the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
James Hodgson BA (Hons) FCA
Hodgsons Chartered Accountants 48 Arwenack Street Falmouth Cornwall TR11 3JH
Date:
Page 6
**REPORT AND ACCOUNTS FOR THE PAROCHIAL COUNCIL OF THE ECCLESIASTICAL PARISH OF KENWYN WITH ST ALLEN FOR THE YEAR ENDED 31 DECEMBER 2022**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022**
|Unrestricted
Funds
**£**
Notes
**INCOME AND ENDOWMENTS**
Voluntary income
1 a)
51,948
Activities for generating funds
1 b)
(25)
Church Activities
1 c)
4,503
Income from Investments
1 d)
5,723
Other income
-
**TOTAL INCOME**
62,149
**EXPENDITURE**
Church activities
2
97,707
**TOTAL EXPENDITURE**
97,707
NET (EXPENDITURE) / INCOME BEFORE
INVESTMENT GAINS
(35,558)
NET (LOSSES) / GAINS ON INVESTMENTS
(25,300)
NET INCOME / (EXPENDITURE)
(60,858)
TRANSFER BETWEEN FUNDS
5
26,000
NET MOVEMENT IN FUNDS
(34,858)
TOTAL FUNDS BROUGHT FORWARD
10
228,876
TOTAL FUNDS CARRIED FORWARD
**194,018**|Unrestricted
Designated
Funds
**£**
15,784
-
-
0
-
15,784
0
0
15,784
-
15,784
(26,000)
(10,216)
18,996
**8,780**|Restricted
Funds
**£**
1,050
-
-
653
-
1,703
15,772
15,772
(14,069)
(9,373)
(23,442)
0
(23,442)
112,340
**88,898**|Endowment
Funds
**£**
-
-
-
513
-
513
-
0
513
(2,491)
(1,978)
0
(1,978)
22,252
**20,274**|**Total**
**2022**
**2021**
**£**
**£**
68,782
105,533
(25)
105
4,503
6,779
6,889
6,797
**-**
**-**
80,149
119,214
113,479
103,820
113,479
103,820
(33,330)
15,394
(37,164)
32,306
(70,494)
47,700
0
-
(70,494)
47,700
382,464
334,764
**311,970**
**382,464**|
|---|---|---|---|---|
Page 7
REPORT AND ACCOUNTS FOR THE PAROCHIAL COUNCIL OF THE ECCLESIASTICAL PARISH OF
KENWYN WITH ST ALLEN FOR THE YEAR ENDED 31 DECEMBER 2022
BALANCE SHEET AS AT 31 DECEMBER 2022
2022
2021
Notes
FIXED ASSETS
Inve5tmer)t5
270,360
334,553
CURRENT A55ET5
Debtors and prepayments
Cash 8t Bank and in Hand
731
7bl
10,256
33.816
314.432
6,534
46,222
387.309
TOTAL ASSETS
LIA81LITIES
Creditors fallin8 due within one year
TOTAL NET ASSETS
2,462
311,970
4,845
382,464
PARISH FUNDS
Unrestricted
Unrestricted Designated
Restricted
Elldowment
io&ii
io&ii
io&ii
io&ii
194,018
8,780
88,898
20.274
311,970
228.876
18,996
112,340
22,252
382,464
Approved by the Paiothlal Churth CoLtntil on
And si8ned on its behalf by-
Tom Roach
Treasurer Irom l January 2023
Adrian Hare
Trustee
/J. LJ/
Name Iprintl
.//.
Trustee
Page 8
**REPORT AND ACCOUNTS FOR THE PAROCHIAL COUNCIL OF THE ECCLESIASTICAL PARISH OF KENWYN WITH ST ALLEN FOR THE YEAR ENDED 31 DECEMBER 2022**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **Statutory Information**
The Parochial Church Council of the Ecclesiastical Parish of Kenwyn with St Allen (PCC) is a corporate body established by the Church of England. The PCC is registered in England with the Charity Commission, number 1134349. The registered office is The Vicarage, Kenwyn Church Road, Truro, TR1 3DR.
These financial statements cover an individual entity.
## **Basis of financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Church Accounting Regulations 2006, the Charities SORP (FRS 102) (effective 1 January 2019) and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of investments which are stated at fair value.
## **Presentation currency**
The financial statements are presented in Pound Sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest pound
## **Financial Instruments**
The PCC has chosen to adopt the Sections 11 and 12 of FRS102 in respect of financial instruments
## (i) Financial assets
Basic financial assets include trade and other receivables, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of future receipts, discounted at a market rate of interest
- (ii) Financial liabilities
Basic financial liabilities, including trade and other payables, are initially recognised at transaction price, unless the arrangements constitutes a financing transaction, where the debt instrument is measured at the present value of future payments, discounted at a market rate of interest
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
## **Fund accounting**
_Endowment funds_ are funds, the capital of which must be retained either permanently or at the PCC's discretion; the income derived from the endowment is to be used either as restricted or unrestricted income funds depending upon the purpose for which the endowment was established.
_Restricted funds_ comprise (a) income from endowments which is to be expended only on the restricted purposes intended by the donor and (b) revenue donations or grants for a specific PCC activity intended by the donor. Any balance remaining unspent at the end of each year must be carried forward as a balance on that fund. The PCC does not usually invest separately for each fund. Where there is no separate investment, interest is apportioned to individual funds on an average balance basis.
_Unrestricted funds_ are income funds which are to be spent on the PCC's general purposes.
_Unrestricted Designated funds_ are general unrestricted funds that have been designated by the PCC for a particular purpose.
Page 9
**REPORT AND ACCOUNTS FOR THE PAROCHIAL COUNCIL OF THE ECCLESIASTICAL PARISH OF KENWYN WITH ST ALLEN FOR THE YEAR ENDED 31 DECEMBER 2022**
## **NOTES TO THE FINANCIAL STATEMENTS (cont)**
## **Income**
Planned giving, collections and similar donations are recognised when due. Tax refunds are recognised when the incoming resource to which they relate is received. Grants and legacies are accounted for when the PCC is entitled to the use of the resources, their ultimate receipt is considered probable and the amounts due are reliably quantifiable.
Government Grants are accounted for based on the performance model. Grants are recognised in the Statement of Financial Activities during the periods in which the performance related conditions are met
## **Expenditure**
Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC. The Diocesan parish share expected to be paid over is accounted for when due. All other expenditure is generally recognised when it is incurred and is accounted for gross.
## **Reserves Policy**
The Policy for the General Account is to maintain reserves at the level represented by 6 months' estimated expenditure, excluding expenditure on meeting the Diocesan Mission and Ministry Fund liability and any charitable giving. The charity’s free reserves for this purpose total £194,017 with future commitments of :-
£20,000 (Kenwyn roof), £5,000 (Kenwyn servery), £10,000 (tree felling) £5,000 (Quinquennial and electrical inspections with follow up work)
TOTAL £40,000 - all inclusive of VAT some of which will be reclaimable from the Listed Places of Worship Grant Scheme.
## **Going Concern**
The Trustees have concluded that there are no material uncertainties about the PCC’s ability to continue as a going concern as the Charity holds substantial reserves, and if these are compared against known and anticipated levels of liabilities expected to be faced by the PCC they are confident that there is no significant risk of any financial failure.
## **Tangible Fixed assets**
Consecrated and benefice property is not included in the accounts in accordance with s.10(2)(a) and (c) of the Charities Act 2011.
## **Investments**
Fixed asset investments
Fixed asset investments consist of units purchased in investment funds which are only available to charitable organisations with objects closely connected to the work of the Church of England.
These investments are stated at fair value at the end of the reporting period, which is the price at which the units in the investment funds can be redeemed in exchange for cash from the fund managers at the reporting date. Differences in the value of investments between reporting dates are recognised in the Statement of Financial Activities.
## **Current Assets**
Short term deposits include cash held on deposit with the CBF Church of England Funds
Page 10
**REPORT AND ACCOUNTS FOR THE PAROCHIAL COUNCIL OF THE ECCLESIASTICAL PARISH OF KENWYN WITH ST ALLEN FOR THE YEAR ENDED 31 DECEMBER 2022**
## **NOTES TO THE FINANCIAL STATEMENTS (cont)**
|**1**
**1 a) **
**1 b) **
**1 c) **
**1 d) **|**INCOME AND ENDOWMENTS**
Unrestricted
Funds
**£**
**Voluntary Income**
Planned Giving
Gift Aid donations
26,843
Tax Recoverable
8,688
Other
1,705
Collections (open plate)
7,556
Donations, Appeals etc
Lychgate Donations
938
Other Donations
5,358
Rabey Trust
-
Legacies
200
Sumup
660
Fabric Fund - organ fees
-
Choir Funds
-
HMRC Gov't Covid Grant
-
51,948
**Activities for Generating Funds**
Magazine sales (refund)
(25)
(25)
**Income from Church Activities**
Church and hall hire fees
285
Clergy fees - weddings/funerals
4,098
Heating - weddings/funerals
120
Administration - wedds/funerals
0
4,503
**Income from Investments**
**Kenwyn**
CCLA Deposit Account Interest
49
Miss Noon
3,700
All Saints House
1,858
Idless
-
**St Allen**
CCLA Deposit Account Interest
116
Lanyon St Allen ( E )
-
5,723
**Total Income**
62,149|Unrestricted
Designated
Funds
**£**
-
-
-
-
-
-
15,784
-
-
-
-
-
15,784
-
0
-
-
-
-
0
-
-
-
-
-
-
0
15,784|Restricted
Funds
**£**
-
-
450
-
-
-
-
-
-
540
60
-
1,050
-
0
-
-
-
-
0
-
653
-
-
-
-
653
1,703|Endowment
Funds
**£**
-
-
-
-
-
-
-
-
-
-
-
0
-
0
-
-
-
-
0
-
-
-
480
-
33
513
513|Total 2022
2021
**£**
£
26,843
27,982
8,688
9,070
2,155
25,036
7,556
5,946
938
100
5,358
2,848
15,784
15,899
200
15,500
660
1,183
540
960
60
576
0
433
68,782
105,533
(25)
105
(25)
105
285
0
4,098
6,624
120
0
0
155
4,503
6,779
49
2
4,353
4,325
1,858
1,938
480
490
116
5
33
37
6,889
6,797
80,149
119,214|
|---|---|---|---|---|---|
||**Voluntary Income**
Planned Giving
Gift Aid donations
Tax Recoverable
Other
Collections (open plate)
Donations, Appeals etc
Lychgate Donations
Other Donations
Rabey Trust
Legacies
Sumup
Fabric Fund - organ fees
Choir Funds
HMRC Gov't Covid Grant
**Activities for Generating Funds**
Magazine sales (refund)
**Income from Church Activities**
Church and hall hire fees
Clergy fees - weddings/funerals
Heating - weddings/funerals
Administration - wedds/funerals
**Income from Investments**
**Kenwyn**
CCLA Deposit Account Interest
Miss Noon
All Saints House
Idless
**St Allen**
CCLA Deposit Account Interest
Lanyon St Allen ( E )
**Total Income**|||||
Page 11
**REPORT AND ACCOUNTS FOR THE PAROCHIAL COUNCIL OF THE ECCLESIASTICAL PARISH OF KENWYN WITH ST ALLEN FOR THE YEAR ENDED 31 DECEMBER 2022**
## **NOTES TO THE FINANCIAL STATEMENTS (cont)**
|**2**
**EXPENDITURE**
Unrestricted
Funds
**£**
**Church Activities**
Ministry : Diocesan parish share
72,128
Other ministry costs
5,300
Church Running and Maintenance
9,183
Church Repairs - Projects
8,345
Organ Repairs
-
Lychgate Costs
759
Charitable Donations
1,732
Independent Examination Fee
260
Choir expenses
-
Other Payments
-
**Total Resources Expended**
97,707
Costs included in the above for note
**Support Costs**
**Governance Costs**
**Fees paid for Independent Examiner**(over accrual in 2021)
**Fees paid for Accounting Services**|Designated
Funds
Restricted
Funds
**£**
**£**
-
-
-
-
-
-
-
10,000
-
4,478
-
-
-
-
-
-
-
844
-
450
0
15,772
Staff salaries, fees, honorarium
Administration
Total Support Costs|Endowment
Funds
**£**
-
-
-
-
-
-
-
-
-
-
0
2022
£
5,770
775
6,545
-
260
-|Total 2022
Total
2021
**£**
**£**
72,128
63,025
5,300
4,745
9,183
11,601
18,345
22,352
4,478
-
759
720
1,732
496
260
400
844
-
450
481
113,479
103,820
2021
£
5,440
1,481
6,921
-
400
-|
|---|---|---|---|
## **3 STAFF COSTS**
## **3 a) Wages and salaries**
|2022|2021|
|---|---|
|£|£|
|4,351|4,224|
Mrs Angela Gilbert (organist and Choirmaster Kenwyn)
Salary includes fees for services, no NI or pension contributions are payable. The average monthly number of employees during the year was 0.15 (2021: 0.15)
## **3 b) Payments to PCC Members (Trustees' Expenses)**
No payments, expenses or remuneration were made for the benefit of any Trustee
## **4 RELATED PARTY TRANSACTIONS**
There were no related party transactions during the period
Page 12
**REPORT AND ACCOUNTS FOR THE PAROCHIAL COUNCIL OF THE ECCLESIASTICAL PARISH OF KENWYN WITH ST ALLEN FOR THE YEAR ENDED 31 DECEMBER 2022**
## **5 ANALYSIS OF TRANSFER BETWEEN FUNDS**
|**6**|Transfers from designated income to
cover costs
**FIXED ASSETS**
**Investments**
Market Value per accounts
1 January 22
Sale
Unrealised gains to
31 December 2022
**Market Value 31 December 2022**|Unrestricted
Funds
**£**
222,115
(27,029)
(25,300)
169,786|Unrestricted
Funds
**£**
26,000
26,000
Unrestricted
Designated
Funds
**£**
-
-
-
0|Unrestricted
Designated
**£**
(26,000)
(26,000)
Restricted
Funds
**£**
92,371
-
(9,373)
82,998|Restricted
Funds
Endowment
Funds
**£**
**£**
-
-
0
0
Endowment
Funds
Total
**£**
**£**
20,067
334,553
-
(27,029)
(2,491)
(37,164)
17,576
270,360|
|---|---|---|---|---|---|
## **7 CURRENT ASSETS**
|**7 a) **
**7 b) **|**Debtors and prepayments**
Income Tax Due (Gift aid)
Insurance (prepayment)
Churchyard Maintenance
Rabey Trust Income due
Diocese 2022 energy grant
Investment Income
Miss Noon
All Saints
Idless
**Bank and Cash**
Short Term deposits
Barclays and Lloyds|Unrestricted
Funds
**£**
1,514
2,920
0
-
4,000
331
126
-
8,891
925
16,106
17,031|Unrestricted
Designated
**£**
-
-
-
1,286
-
-
-
-
1,286
3,994
4,438
8,432|Restricted
Funds
**£**
-
-
-
-
-
41
-
-
41
1,919
3,773
5,692|Endowment
Funds
**£**
-
-
-
-
-
-
-
38
38
2,617
44
2,661|Total 2022
2021
**£**
**£**
1,514
1,545
2,920
2,931
0
205
1,286
1,329
4,000
-
372
360
126
123
38
41
10,256
6,534
9,455
20,155
24,361
26,067
33,816
46,222|
|---|---|---|---|---|---|---|
Page 13
## **REPORT AND ACCOUNTS FOR THE PAROCHIAL COUNCIL OF THE ECCLESIASTICAL PARISH OF KENWYN WITH ST ALLEN FOR THE YEAR ENDED 31 DECEMBER 2022 NOTES TO THE FINANCIAL STATEMENTS (cont)**
## **8 LIABILITIES**
|**Amounts falling due within one year**
**(all unrestricted funds)**
Fees for Occasional Offices owed to Diocese
Sums owed but not yet paid
Charitable Donations
Independent examination
Electricity
Gas
Other|2022
2021
**£**
**£**
-
723
1,648
2,659
-
210
400
500
322
441
48
312
44
-
2,462
4,845|
|---|---|
## **9**
## **FUNDS (INVESTMENTS)**
**Unrestricted Funds** comprise the bequests of Miss Noon (88.83%) (85%:2020) and All Saints Parsonage House
**Restricted Funds** comprise the Gill Organ Fund - for the maintenance of the organ in Kenwyn Church and Kenwyn Windows Fund Miss Noon Bequest (11.17%) (15%:2020) - to be spent on the maintenance of the belfry and fabric of Kenwyn Church,
Organ, Choir, Flower and Tree funds are held in cash and managed for the specific purposes as given.
**Endowment Funds** comprise the Idless Fund - to be used solely for the repair and upkeep of Kenwyn Church,
St Allen Lanyon - for the maintenance of St Allen Churchyard and Income arising in cash.
**Rabey Fund** – The fund is under the control of the church wardens and incumbent of the Parish of Kenwyn with St Allen.
Therefore the investment is specifically excluded from these accounts, but the income from the investment has been recognised within the income to the PCC
## **10 MOVEMENT IN FUNDS**
|At 1/1/22
**£**
**Unrestricted Funds**
General Fund
6,761
Miss Noon Investment
146,865
All Saints House investment
75,250
Total Unrestricted
228,876
**Designated Funds**
Wayleave
3,500
Rabey Monies Held
15,496
Total Designated
18,996
**Restricted Funds**
Miss Noon Investment
18,469
Gill Organ Investment
3,292
Kenwyn Windows Investment
70,610
Kenwyn Roof
0
Organ Fund
4,816
Choir Fund
843
Bell Fund
1,535
Kenwyn Graveyard
1,000
Carlyon Legacy
10,000
Flower Festival and Kenwyn Tree Gift
300
Investment Income Held
1,475
Total Restricted
112,340
**Endowment Funds**
Idless former Mission Church
18,742
Lanyon (St Allen)
1,325
Investment Income Held
2,185
Total Unrestricted
22,252
**Total**
**382,464**|Net
Movement in
Funds
**£**
(35,558)
-
-
(35,558)
-
15,784
15,784
-
-
-
-
(3,938)
(784)
-
-
(10,000)
-
653
(14,069)
-
-
513
513
**(33,330)**|Transfers
Between
Funds
**£**
53,029
-
(27,029)
26,000
-
(26,000)
(26,000)
-
-
-
-
-
-
-
-
-
-
-
0
-
-
-
0
-|Investment
gains /
(losses)
Balance
31/12/22
**£**
**£**
0
24,232
(17,212)
129,653
(8,088)
40,133
(25,300)
194,018
-
3,500
-
5,280
0
8,780
(2,164)
16,305
(300)
2,992
(6,909)
63,701
-
0
-
878
-
59
-
1,535
-
1,000
-
0
-
300
-
2,128
(9,373)
88,898
(2,312)
16,430
(179)
1,146
-
2,698
(2,491)
20,274
**(37,164)**
**311,970**|
|---|---|---|---|
Page 14
## **REPORT AND ACCOUNTS FOR THE PAROCHIAL COUNCIL OF THE ECCLESIASTICAL PARISH OF KENWYN WITH ST ALLEN FOR THE YEAR ENDED 31 DECEMBER 2022 NOTES TO THE FINANCIAL STATEMENTS (cont)**
## **MOVEMENT IN FUNDS (Cont)**
||**MOVEMENT IN FUNDS (Cont)**||||
|---|---|---|---|---|
|**10 b) **
**11**|**2021 comparative**
At 1/1/21
**Unrestricted Funds**
**£**
General Fund
2,525
Miss Noon investment
-
All Saints House investment
-
Total Unrestricted
2,525
**Designated Funds**
Miss Noon investment
128,402
All Saints House investment
67,035
Wayleave
-
Organ Fund
4,233
Kenwyn Tree Gift
50
Rabey monies held
11,552
Other
5,566
Total Designated
216,838
**Restricted Funds**
Miss Noon investment
21,844
Gill organ investment
2,801
Kenwyn Windows investment
63,109
Organ Fund
-
Choir Fund
492
Bell Fund
4,395
Kenwyn Graveyard
1,000
Carlyon Legacy
-
Flower Festival and Kenwyn Tree gift
250
Investment income held
1,927
Total Restricted
95,818
**Endowment Funds**
Idless former Mission Church
17,637
Lanyon (St. Allen) investment
1,419
Investment Income held
527
Total Endowment
19,583
**Total**
**334,764**
**SUMMARY OF ASSETS MOVEMENTS**
Unrestricted
Funds
**£**
Balance at 1 January 2022
228,876
Income
62,149
Expenditure
(97,707)
Investment (Losses) / Gains
(25,300)
Transfers beween funds (note 10)
26,000
194,018|Net
Movement in
Funds
**£**
(18,702)
-
-
(18,702)
-
-
3,500
-
-
15,899
-
19,399
-
-
-
583
351
2,600
-
10,000
-
636
14,170
-
-
527
527
**15,394**
Unrestricted
Designated
**£**
18,996
15,784
-
-
(26,000)
8,780|Transfers
Between
Funds
**£**
22,938
128,402
67,035
218,375
(128,402)
(67,035)
-
(4,233)
(50)
(11,955)
(5,566)
(217,241)
-
-
-
4,233
-
(5,460)
-
-
50
(1,088)
(2,265)
-
-
1,131
1,131
**-**
Restricted
Funds
**£**
112,340
1,703
(15,772)
(9,373)
0
88,898|Investment
gains /
(losses)
Balance
31/12/21
**£**
**£**
-
6,761
18,463
146,865
8,215
75,250
26,678
228,876
-
-
-
-
-
3,500
-
-
-
-
-
15,496
-
-
0
18,996
(3,375)
18,469
491
3,292
7,501
70,610
-
4,816
-
843
-
1,535
-
1,000
-
10,000
-
300
-
1,475
4,617
112,340
1,105
18,742
(94)
1,325
-
2,185
1,011
22,252
**32,306**
**382,464**
Endowment
Funds
Total
**£**
**£**
22,252
382,464
513
80,149
-
(113,479)
(2,491)
(37,164)
-
0
20,274
311,970|
||Balance at 1 January 2022
Income
Expenditure
Investment (Losses) / Gains
Transfers beween funds (note 10)||||
Page 15
**REPORT AND ACCOUNTS FOR THE PAROCHIAL COUNCIL OF THE ECCLESIASTICAL PARISH OF KENWYN WITH ST ALLEN FOR THE YEAR ENDED 31 DECEMBER 2022 NOTES TO THE FINANCIAL STATEMENTS (cont)**
## **12 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021**
|INCOME AND ENDOWMENTS
Voluntary income
Activities for generating funds
Church Activities
Income from Investments
TOTAL INCOME
EXPENDITURE
Church activities
TOTAL EXPENDITURE
NET (EXPENDITURE) / INCOME
BEFORE INVESTMENT GAINS
NET GAINS ON INVESTMENTS
NET INCOME / (EXPENDITURE)
TRANSFER BETWEEN FUNDS
NET MOVEMENT IN FUNDS
TOTAL FUNDS BROUGHT FORWARD
(NET OF PRIOR YEAR ADJUSTMENT)
TOTAL FUNDS CARRIED FORWARD|**Unrestricted**
**Funds**
£
56,917
105
6,779
5,634
69,435
88,137
88,137
(18,702)
26,678
7,976
218,375
226,351
2,525
228,876|**Designated**
**Funds**
£
19,399
-
-
-
19,399
-
0
19,399
-
19,399
(217,241)
(197,842)
216,838
18,997|**Restricted**
**Funds**
£
29,217
-
-
636
29,853
15,683
15,683
14,170
4,617
18,787
(2,265)
16,522
95,818
112,340|**Endowment**
**Funds**
£
-
-
-
527
527
-
0
527
1,011
1,538
1,131
2,669
19,583
22,252|**Total 2021**
**2020**
£
£
105,533
74,456
105
4
6,779
3,431
6,797
6,795
119,214
84,686
103,820
85,464
103,820
85,464
15,394
(778)
32,306
20,329
47,700
19,551
-
-
47,700
19,551
334,764
315,213
382,464
334,764|
|---|---|---|---|---|---|
Page 16