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2022-12-31-accounts

PAROCHIAL CHURCH COUNCIL OF ST. MICHAEL AND ALL ANGELS, SANDHURST

Diocese of Oxford

Parish of St. Michael and All Angels, Sandhurst

Charity number: 1134547

TRUSTEES ANNUAL REPORT & FINANCIAL STATEMENTS

of the

PAROCHIAL CHURCH COUNCIL

for the year ended 31 December 2022

Contents Pages
Trustees Annual Report 2
Independent Examiner’s Report 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Financial Statements 11

St Michael’s Pastoral Centre, Lower Church Road, Sandhurst Berkshire GU47 8HN Tel: 01252 873030 Fax: 01252 878289 Email: office@stmichaels-sandhurst.org.uk Web: www.stmichaels-sandhurst.org.uk

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PAROCHIAL CHURCH COUNCIL OF ST. MICHAEL AND ALL ANGELS, SANDHURST

Trustees Annual Report

A Legal and administrative information

St Michael and All Angels Church, Sandhurst is registered as a charity with the Charity Commission (number 1134547). Details can be viewed at http://www.charity-commission.gov.uk.

Location:

High Street, Sandhurst, Berkshire, GU47 8HP

Correspondence address:

The Parish Office, St. Michael's Pastoral Centre, Lower Church Road, Sandhurst, Berkshire, GU47 8HN

Banker:

CAF (Charities Aid Foundation), 25 Kings Hill Avenue, Kings Hill, West Malling, Kent, ME19 4TA

Independent Examiner:

Mrs. Kate Black. 27 School Hill, Little Sandhurst GU47 8LD

Trustees (Parochial Church Council members):

Trustees who have served from 1 January 2023 until the date this report was approved are:

Name Position Notes
John Castle @ Rector and Chairman
Karen Allen @ Churchwarden First Elected EPCM Jan 2023
Catherine Wilkins @ Churchwarden First Elected APCM 2019
Sue Campbell @ PCC Secretary
DeanerySynod Rep		 Elected to DS APCM 2020
John Martin @ Deanery Synod Rep
Vice chairman /laychair		 Elected to DS APCM 2017
Stephanie Martin DeanerySynod Rep Elected to DS APCM 2022
John Campbell Elected APCM 2020
Georgina Castle Elected APCM 2021
Rupert Cremer-Evans Elected APCM 2021
Alun Grafton Elected byPCC Nov 2020
Clare Hardy Elected APCM 2021
Emma Hodge Elected APCM 2022
Diana Taylor Elected APCM 2021
Jon Toohey @ Treasurer Elected APCM 2019
NickyThomas Elected APCM 2020
Brendan Watson Elected APCM 2022

@ by virtue of office # co-opted

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PAROCHIAL CHURCH COUNCIL OF ST. MICHAEL AND ALL ANGELS, SANDHURST

B Structure, governance and management

The Parochial Church Council (PCC) is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. The PCC is a Registered Charity (charity number 1134547).

PCC members are recruited in a number of ways. The clergy, churchwardens and the treasurer are members by virtue of their office. Members of the PCC and Deanery Synod Representatives are elected at the Annual Parochial Church Meeting (APCM) and they serve for a three-year term, if someone is unable to finish their term then people are elected at the APCM to fulfil the remainder of the term. The full PCC held ten regular meetings during the year. The average attendance at all meetings was 75.8 percent.

During the year, we met the first three times by Zoom because of restrictions imposed to restrict the Covid19 pandemic. The Bishop of Oxford had signed an Instrument previously putting in place arrangements which enable meetings of PCCs to be held electronically, so that decisions taken at these meetings during these exceptional times have the same force as if taken at a physical meeting. The PCC then met in person on 7 occasions as restrictions lifted.

The Rector’s Council consists of the Rector, the two churchwardens, the Vice Chairman of the PCC, the PCC Secretary and the Treasurer. They have power to transact the business of the PCC between PCC meetings, reporting to the full PCC as appropriate. The Rector’s Council met 11 times by remote means with an average attendance of 93%. Eight of the ten meetings being fully attended.

The Annual Parochial Church Meeting took place on Wednesday 20[th] April 2022. 22 people attended in person. There were 149 people on the church electoral roll.

New PCC members are given induction training by the churchwardens or an appropriate member of the PCC or Rector’s Council at PCC meeting shortly after the APCM and as necessary, to enable them to carry out their role effectively.

C Objectives and activities

The objectives of the PCC are defined by the Parochial Church Council (Powers) Measure 1956 as 'to cooperate with the minister in promoting in the parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical'. In addition they are responsible for the maintenance of the Parish Church of St. Michael and All Angels, the Pastoral Centre complex in Lower Church Road, the churchyard and the site of the former St. Mary’s Church and Hall in Wellington Road, all in Sandhurst.

Our formal purpose statement, which was originally developed in 2014, is:

Knowing God for ourselves; Growing as individuals and as a church; Showing God’s love in the world.

The purpose statement provides an easy understanding of the purpose of our church and also provides an opportunity for people to develop their relationship with God.

D Achievements and performance

 Public Benefit

When planning our activities for the year we have considered the Charity Commission’s guidance on public benefit, in particular the supplementary guidance on charities advancement of religion.

The Parochial Church Council of St Michael and All Angels, Sandhurst considers that it offers the following benefits to the local community:

  1. The provision of services of public worship and a sacred space for personal prayer and contemplation

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PAROCHIAL CHURCH COUNCIL OF ST. MICHAEL AND ALL ANGELS, SANDHURST

  1. Contributing to the community life of Sandhurst by being a focus for the celebration of significant shared moments in the lives of families and individuals, e.g. baptisms, weddings and funerals

  2. Pastoral work and support, including visiting the sick and the bereaved

  3. Teaching of Christianity through sermons, courses and small groups, and providing opportunities for personal self-development

  4. Taking of assemblies in local schools, and providing particular support for St Michaels Church of England Primary School in the area of governance and in other ways

  5. Providing support to families including those in difficulties through the provision of a family worker.

  6. Providing activities for different demographic groups in the community including senior citizens and toddlers.

  7. Supporting other charities in the UK and overseas, including Sandhurst Counselling Service (three of whose trustees are nominated by the PCC), Sandhurst Youth (three of whose trustees are nominated by the PCC) and promoting awareness of global justice issues (A full listing of supported charities is provided in the financial statement).

  8. Involvement with the local community and Town Council. This includes being an active member of Sandhurst Churches Together.

  9. Maintenance of an open churchyard for the residents of Sandhurst

 Main features of the year :

2022 saw the life of St Michael’s getting back to normal after 2 years which were heavily affected by Covid restrictions. However, in common with most other churches of all denominations in the country, attendances at Sunday services have not recovered from pre-pandemic levels.

Average Sunday morning attendance

verage Sunday morning attendance
2017 2018 2019 2020 2021 2022
First 4 weeks of October, incl baptisms 173 148 122 85 137 102
First 4 weeks of October, excl baptisms 125 122 122 85 93 85
Usual Sunday attendance
(calculated from 12 typical weeks in the
year) 133 122 119 90 85 88
Electoral Roll at APCM 185 193 156 155 152 149
New ER

In 2022 (2021) we conducted 19 baptisms (12), 2 weddings (7) and 21 funerals in church or at the graveside (14), in addition to 8 at the crematorium (6).

One big change to our regular pattern of services has seen the trial of our intergenerational Church Together service held on 4[th] Sundays at 10.30am which started in January 2022 firstly extended over the summer, and then at February’s PCC meeting this year, made permanent. It has evolved in the last year and continues to do so, as we explore the Bible and worship together in a variety of different ways.

Our Rector, Rev. John Castle continues to be assisted by local retired clergy, in particular Rev Jane Kraft who regularly celebrates in the parish, and our associate priest (Rev. John White) as well as our Family Worker Sarah Bishop, and our Youth Worker, Mike Gower, who is seconded from Sandhurst Youth. The team is supported by several lay members of the church who are volunteers.

Our part-time Family Worker, Sarah Bishop, continues developing the work with families and schools. Her work involves building relationships with parents and children, both within the church community and outside it, to help them integrate faith and church within their busy lives; giving pastoral support to families facing a variety of difficulties; and running or assisting with activities and events related to children, young people and parents. This year Sarah ran a Parenting for Faith course with the Rector and continued running regular “Bible Bites” sessions for children in years 5 and 6 at St Michael’s School. In October she organised the

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PAROCHIAL CHURCH COUNCIL OF ST. MICHAEL AND ALL ANGELS, SANDHURST

Light Party with activities in the hall, a light trail around the churchyard, and ending up with singing and toasted marshmallows round the fire pit on the West lawn. This was very well attended by families with involvement from many different groups within St Michael’s.

In addition to our Sunday Services and our detached work, our work with children continues with Kidz Church held each Sunday, and Baby and Toddler time held twice a month. Sandhurst Youth, continues to provide a youth worker who works with young people in the parish, both in a church and secular context.

We continue to work with and develop our relationship with the three primary schools in our parish, which includes holding assemblies and hosting services and events at the church. We have especially close links to St Michael's Church of England Primary School, where a number of church members serve as governors, and the Rector regularly leads assemblies.

St. Michael and All Angels church have a dedicated team of volunteers to run social events with the primary aim of building up the community. During 2022, we held a plants, preserves produce stall and cream teas at the Heritage weekend which were both successful. Following the success in 2021 of holding the quiz night in the autumn with people bringing their own food, we repeated this in 2022 and those attending had a most enjoyable time.

Our pre-Advent Fair was a little earlier in November than in previous years but was well attended. In January 2023, we held a Burns Supper attended by 90 people of all ages. These events were widely supported, not just by members of St. Michaels but also the wider community.

St Michael's continues to support local, national and international charitable causes; both financially and by raising awareness within its congregation which this year has included having presentations and speakers from some charities.

Over the course of the year, we have worked ecumenically by being an active member of Sandhurst Churches Together.

On Palm Sunday members of Sandhurst Churches Together and Churches Together in Crowthorne performed Jerusalem Joy, a semi-staged musical retelling of the Passion story in St John’s Church, Crowthorne. Children from Crowthorne CofE School and St Michael’s Choir took part alongside adult singers from all the churches, and a band. Everyone involved put in a lot of time and effort to make this a success, with special mention to our Choir Director Karen Phillips for keeping the singers and the band under control. We met up with members of other churches to sing carols in Sandhurst in December, with thanks going to the Methodist church for the use of their hall for our meeting point and for warming refreshments afterwards. We have worked with Sandhurst Town Council and other churches for the service of Remembrance in November.

2022 was an historic year which saw the Platinum Jubilee of HM Queen Elizabeth in June celebrated in June, and in September the period of national mourning that followed the death of Her Late Majesty, and the accession to the throne of King Charles III.

Our Pastoral Centre building has continued to be used as a base for Little Sandhurst Nursery Group and Sandhurst Counselling Service, and it has been encouraging to see that the number of bookings is still getting back to more normal levels following the dramatic drop-off caused by the pandemic.

 Safeguarding

St. Michael and All Angels PCC recognises and has complied with the duty to have “due regard” to the House of Bishops’ Safeguarding Policy and Practice Guidance and takes safeguarding seriously. Safeguarding is a standing item on all PCC agendas where both the safeguarding officer can provide updates and members have the opportunity to raise questions and concerns. Mrs Jen Rose was appointed as our Parish Safeguarding Officer in 2022 with Claire Clay taking on the admin side of this role following Diana Taylor stepping down. All PCC members completed the basic level of Safeguarding training in 2022.

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PAROCHIAL CHURCH COUNCIL OF ST. MICHAEL AND ALL ANGELS, SANDHURST

E Financial Review

The financial position of St Michaels can be described as “Asset Rich, Income Poor”;

The general fund is where the daily activities of our church are transacted – income is mainly from our giving and hall rental. Expenses are mainly parish share, salaries (but not youth or family worker), energy, choir, etc.(and missing is a contribution to a sinking fund for the buildings). For St Michaels to be sustainable, income must cover expenses.

The net result on the general fund - as shown in the graph – shows peaks and troughs, simplistically explained as follows;

2020 - saw the impact of Covid and most of hall rental income was lost

Currently we do not have a financially sustainable church – what are some solutions?

However, the temptation is to avoid these actions and decisions and use the Mission fund to fund the losses in the general fund as has been done for 2022 for £16k and this seems likely to continue.

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PAROCHIAL CHURCH COUNCIL OF ST. MICHAEL AND ALL ANGELS, SANDHURST

A big thank you to those that continue to give generously (one of the positives in a difficult year) and continue to financially support St Michaels – there are a number of options;

Both the above can be accessed http://www.stmichaels-sandhurst.org.uk/donations.html

Reserves

As regards reserves: the general reserve target is approximately three months expenditure. At the beginning of the year there was a little less than this and the trustees believe it necessary to maintain this and a transfer has been made from the designated Mission fund.

The designated and restricted funds are healthy, as reflected in the accounts, but our repair/WinSpire funds are well short of the expected requirements and the trustees are considering using the Mission fund for building repairs.

Volunteers

We would like to thank all the volunteers who work so hard to make our church the lively and vibrant community it is. They are far too numerous to mention by name.

The Trustees' Annual Report is the responsibility of all the Trustees and it was approved in a meeting on the 8[th] March 2023.

Signed on behalf of the PCC

J Castle

C Wilkins K Allen

Rev J. Castle Mrs C. Wilkins (Chairman) (Churchwarden)

Mrs K. Allen (Churchwarden)

8[th] March 2023

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PAROCHIAL CHURCH COUNCIL OF ST. MICHAEL AND ALL ANGELS, SANDHURST

Financial Statements for the Year Ended 31 December 2022

Independent Examiner’s Report to the PCC of St. Michael and All Angels, Sandhurst

I report on the Financial Statements of the PCC for the year ended 31 December 2022 which are set out on pages A3 to A13.

Respective responsibilities of the PCC and the examiner

As the members of the PCC and Trustees you are responsible for the preparation of the Financial Statements; you consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with the General Directions given by the Charity Commission.

An examination includes a review of the accounting records kept by the PCC and a comparison of the Financial Statements presented with those records. It also includes consideration of any unusual items or disclosures in the Financial Statements, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

K Black

Mrs Kate Black FCA 27 School Hill Little Sandhurst GU47 8LD

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PAROCHIAL CHURCH COUNCIL OF ST. MICHAEL AND ALL ANGELS, SANDHURST

FINANCIAL STATEMENTS 2022

STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2022

Notes
INCOME
Voluntary income
2(a)
Activities for generating funds
2(b)
Investment income
2(c)
Income from church
2(d)
activities
Other income
2(e)
Total income
EXPENDITURE
Church activities
3(a)
Costs of fundraising
3(b)
Total expenditure
Transfer to fixed assets
Net Expenditure
Net Income/(Expenditure)
Net gains/(losses) on Investments
Transfers between funds
7
Net movement in Funds
Total funds brought forward:
Total funds carried forward:		 General
Funds
£
88,256
34,560
0
8,289
1,384
132,489
148,593
69
148,662
0
148,662
(16,173)
16,173
0
28,147
28,147		 Designated
Funds
£
8,419
10,045
6,949
0
0
25,413
11,112
0
11,112
0
11,112
14,301
220,910
(29,837)
205,374
543,978
749,352		 Restricted
Funds
£
22,810
0
902
0
0
23,712
52,392
0
52,392
0
52,392
(28,680)
(3,678)
13,664
(18,694)
232,813
214,119		 TOTAL FUNDS
2022
2021
£
£
119,485
131,373
44,605
46,084
7,851
60
8,289
8,830
1,384
4,489
181,614
190,836
212,097
191,836
69
379
212,166
192,215
0
0
212,166
192,215
(30,552)
(1,379)
217,232
193,496
0
0
186,680
192,117
804,938
612,821
991,618
804,938

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PAROCHIAL CHURCH COUNCIL OF ST. MICHAEL AND ALL ANGELS, SANDHURST

FINANCIAL STATEMENTS 2022 (Continued)

BALANCE SHEET
as at 31 December 2022
Notes
Fixed Assets
Tangible
1e, 4
Investments
4b
Current Assets:
Debtors and prepayments
5
Cash at bank and in hand
Liabilities: payable within one year
Creditors
6
Net Current Assets
Total Assets less Current Liabilities
Total Net Assets
FUNDS
General funds
Accumulated Fund
7.1
Designated fund
7.2
Restricted funds
7.3		 General
Funds
£
0
0
15,601
32,966
48,567
(20,420)
28,147
28,147
28,147
28,147
28,147
28,147		 Designated
Funds
£
22,500
145,783
168,283
581,069
581,069
581,069
749,352
749,352
749,352
749,352
749,352		 Restricted
Funds
£
141,142
141,142
1,452
71,525
72,977
72,977
214,119
214,119
214,119
214,119		 TOTAL FUNDS
2022
2021
£
£
163,642
171,596
145,783
510,496
309,425
682,092
17,053
19,319
685,560
116,569
702,613
135,888
(20,420)
(13,042)
682,193
122,846
991,618
804,938
991,618
804,938
28,147
28,147
749,352
543,978
777,499
572,125
214,119
232,813
991,618
804,938

These Financial Statements were approved by the Parochial Church Council on 8 March 2023 and signed on its behalf by:

Rev J Castle Chairman

Mrs C Wilkins Churchwarden

Mrs K Allen Churchwarden

The notes form part of these accounts.

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PAROCHIAL CHURCH COUNCIL OF ST. MICHAEL AND ALL ANGELS, SANDHURST

Notes on the Financial Statements for the Year ended 31 December 2022

1. ACCOUNTING POLICIES

(a) Basis or preparation

The PCC is a public benefit entity within the meaning of FRS102. The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCs, and with the Regulations' "true and fair view" provisions, together with FRS102 (2016) as the applicable accounting standards and the 2016 version of the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP(FRS102) effective 1 January 2019).

The financial statements have been prepared under the historical cost convention except for valuation of investment assets, which are shown at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £1.

The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body or, except as noted below, those which are informal gatherings of Church members.

(b) Funds

General Accumulated Fund

The Accumulated Fund represents the funds that are not subject to any legal restrictions regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted.

Designated Funds

A designated fund describes an intent for the use of the funds. That intent is not binding on the PCC, though the PCC must be mindful of the intent when considering using the funds for other purposes. It’s the simplest and most flexible way to try and ring fence money for special needs.

The “Renovations and Repairs” Designated Fund, is set up as a contingency fund intended to cover both general and unexpected repair and renovations on the church and buildings.

A “Hardship” Designated Fund was set up in 2011 to provide funds for genuine causes of hardship and is to be used at the PCC’s discretion.

The “St. Mary’s Mission Fund” represents the proceeds of the sales of the former curate's house at 27 Hopeman Close, a gifted property at 4 Holly Cottages and the land at St Mary’s, together with interest generated from this capital. The PCC agreed to utilise the assets in the fund to create a Mission fund to support the church in fulfilling its mission both in Sandhurst and more widely.

“Designated assets” are assets gifted or bought by the PCC or church groups where the PCC would not wish to sell and use the funds for other purposes.

Restricted Funds

A restricted fund represents donations and other monies raised for specific purposes, less expenditure in respect of these purposes.

The “Youth Worker Fund” w as a fund setup to receive donations to pay for a youth worker who is currently provided by Sandhurst Youth CIO.

The “Family Worker Fund” was set up to receive funds from parishioners and external workers for the post of a Family Worker

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PAROCHIAL CHURCH COUNCIL OF ST. MICHAEL AND ALL ANGELS, SANDHURST

Notes on the Financial Statements for the Year ended 31 December 2022 (continued)

The “Pastoral Centre” has been put into a restricted fund. When the Pastoral Centre was originally built, donations were paid into a restricted fund and the PCC consider that the building should have been put into a similar fund.

“Restricted Assets”. These are assets gifted to the PCC where the donor would not wish for the asset to be sold or they are assets purchased from restricted donations.

The “Choir Fund” is a restricted fund representing funds raised by this active group, less their expenditure.

“Repairs and Renovations” . A restricted fund has been set up to receive donations specifically for the maintenance and renovation of the church and buildings.

“WinSpire Fund” has been set up to accept donations towards the repairs of the church spire, the stained glass windows in the church and the bells.

(c) Recognition of Income

Income is included in the Statement of Financial Activities (SOFA) when:

Grants and donations

Grants and donations are included in the SOFA when any pre-conditions preventing their use by the PCC have been met. For collections and planned giving this is when the funds are received.

Gifts in kind

Gifts in kind for the PCC’s own use are included in the SOFA as incoming resources at their fair value when receivable, and expensed as and when consumed in use. Gifts of fixed assets, if material, are included in the balance sheet at their fair value and expensed over the asset’s useful economic life.

Gift Aid Tax claims

Gift Aid and other tax claims are included in the SOFA at the same time as the cash donations to which they relate.

Activities for generating funds

Rental and other income from the letting or other use of church premises is recognised when the income becomes due.

Funds raised by social and similar events are accounted for gross of expenses.

Investment income

Interest is received gross and is accounted for when receivable.

Volunteer help

The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.

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PAROCHIAL CHURCH COUNCIL OF ST. MICHAEL AND ALL ANGELS, SANDHURST

Notes on the Financial Statements for the Year ended 31 December 2022 (continued)

(d) Expenditure and Liabilities

Liability recognition

Liabilities are recognised as soon as there is a legal or constructive obligation and settlement is probable and quantifiable.

Charitable giving

It is the policy of the PCC that at least 10% of the income from regular giving, collections and related recoveries of income tax should be used for missionary and charitable giving. At the year-end amounts are accrued to comply with this policy.

Church activities

The Diocesan Parish Share that is expended is an amount calculated in accordance with the Diocesan share scheme approved by the Diocesan Synod in November 2012.

Operating lease commitments

Rentals paid under operating leases are charged to the SOFA as incurred.

Pensions

The PCC operates a defined contribution plan through NEST for the benefit of its employees and to comply with the auto-enrolment obligations. Contributions are expensed as they become payable.

(e) Tangible Assets

Consecrated property and movable church furnishings

Consecrated and beneficed property of any kind is excluded from the accounts by s.10(2)(c) of the Charities Act 2011. Movable church furnishings held by the Rector and Churchwardens on special trust for the PCC, and which require a faculty for disposal, are accounted as inalienable property unless consecrated. They are listed in the church's inventory which can be inspected at any reasonable time. For inalienable property acquired prior to 2002 there is insufficient cost information available and therefore such assets are not valued in the accounts. Items acquired since 1 January 2002 will be capitalised and depreciated in the accounts over their currently anticipated useful economic life on a straight-line basis. All expenditure incurred in the year on consecrated or beneficed buildings, individual items under £1,000 or on the repair of movable church furnishings acquired before 1 January 2002 is written off.

Freehold Properties

Freehold properties are depreciated on a straight line basis over their expected life of 50 years.

Other fixtures, fittings and equipment

Provision for the depreciation of fixtures, fittings and equipment held for use by the PCC is made at the following annual rates calculated to spread the cost (less anticipated residual disposal value) of each asset over its expected useful life:

Office and other equipment - straight line basis over three to five years

Where an asset has a high residual value the PCC considers the need for these assets to be depreciated is removed. Each year these assets will be reviewed for impairment.

Items of equipment with a purchase price of £1,000 or less are written off when the asset is acquired.

Investments

Investments are valued at market value at the year end.

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PAROCHIAL CHURCH COUNCIL OF ST. MICHAEL AND ALL ANGELS, SANDHURST

Notes on the Financial Statements for the Year ended 31 December 2022 (continued)

General
Designated
Funds
Funds
£
£
2. INCOME
(a) Voluntary income
Regular giving
61,802
Income tax recoverable
15,438
Collections at all services
7,421
Grants (see note 2f)
3,595
Donations
8,419
88,256
8,419
(b) Activities for generating funds
Fund raising events
7,682
Pastoral Centre lettings
26,878
SCS room hire
10,045
34,560
10,045
(c) Investment income
Interest
6,949
0
6,949
(d) Income from church activities
Fees
8,289
8,289
0
(e) Other income
Other receipts
1,384
Legacies
0
1,384
0
Total income
132,489
25,413
(f) Grants received in the year:
From ODBF towards full time family worker
From Sandhurst Council for the upkeep of the Church yard		 Restricted
Funds
£
3,678
667
7,665
10,801
22,810
0
902
902
0
0
23,712		 TOTAL FUNDS
2022
2021
£
£
65,480
63,578
16,105
19,134
7,421
7,398
11,260
10,590
19,220
30,673
119,485
131,373
7,682
3,454
26,878
36,783
10,045
5,847
44,605
46,084
7,851
60
7,851
60
8,289
8,830
8,289
8,830
1,384
1,489
0
3,000
1,384
4,489
181,614
190,836
£
£
7,665
7,000
3,595
3,590
11,260
10,590

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PAROCHIAL CHURCH COUNCIL OF ST. MICHAEL AND ALL ANGELS, SANDHURST

Notes on the Financial Statements for the Year ended 31 December 2022 (continued)

General
Funds
£
3. EXPENDITURE
(a) Church activities
Charitable giving
8,464
Diocesan parish share
73,383
People costs
15,069
Churchyard upkeep (mainly people
3,595
Musicians fees
7,926
Gas & Electricity
10,467
Cleaning
5,404
Insurance
4,698
Depreciation
425
Bank charges
349
Repairs and maintenance
2,680
Office equipment
1,704
Telecom/post
2,536
Stationary
1,664
Rates
3,177
Other
7,052
St Marys
148,593
(b) Fund-raising costs
Social events
69
69
Total expenditure
148,662		 Designated
Funds
£
10,315
797
11,112
0
11,112		 Restricted
Funds
£
2,242
37,207
7,528
4,235
1,180
52,392
0
52,392		 TOTAL FUNDS
2022
2021
£
£
21,021
14,777
73,383
72,865
52,276
50,149
3,595
3,590
7,926
5,326
10,467
8,598
5,404
3,955
4,698
4,572
7,953
7,634
349
484
7,712
3,059
1,704
800
2,536
1,901
1,664
1,354
3,177
1,834
8,232
6,265
4,397
276
212,097
191,836
69
379
69
379
212,166
192,215

15

PAROCHIAL CHURCH COUNCIL OF ST. MICHAEL AND ALL ANGELS, SANDHURST

Notes on the Financial Statements for the Year ended 31 December 2022 (continued)

4. TANGIBLE ASSETS

Gross Book Value
- at 1 January 2022
- additions
- at 31 December 2022
Depreciation
- at 1 January 2022
- charge for the year
- at 31 December 2022
Net Book Value
- at 1 January 2022
- at 31 December 2022		 Fixtures
Freehold
fittings and
buildings
Total
equipment
£
£
£
61,145
271,976
333,121
0
61,145
271,976
333,121
26,719
134,806
161,525
2,513
5,440
7,953
29,232
140,246
169,478
31,913
131,730
163,643
34,426
137,170
171,596

Properties held for the use of the PCC are recorded at cost, and no consideration has been taken of their current market values.

4b. INVESTMENTS

Market value at 1 January 2022
Addition
(Loss)/gain on CCLA revaluation
Gain on land revaluation
Land sold
Market Value at 31 December 2022		 Land
350,000
(350,000)
0		 CCLA
2022
2021
Investment
£
£
160,496
510,496
177,000
0
140,000
(14,713)
(14,713)
20,496
173,000
(350,000)
0
145,783
145,783
510,496

The investment of Land comprised the land at the site of the former St Mary's church in Wellington Road, Sandhurst, which was sold during the year resulting in a gain of £226.719.

The £140k transferred to CCLA in the prior year remained invested in the CCLA Church of England Investment Fund. The holding at 31 December 2022 was 2,748.14 shares, which cost £140,000. The market value at 31 December represents investments for:

St Mary's mission fund - Designated
WinSpire - Restricted		 2022
£
109,337
36,446
145,783		 2021
£
120,372
40,124
160,496

16

PAROCHIAL CHURCH COUNCIL OF ST. MICHAEL AND ALL ANGELS, SANDHURST

Notes on the Financial Statements for the Year ended 31 December 2022 (continued)

5. DEBTORS
Inland Revenue - tax claims
Other debtors
6. LIABILITIES PAYABLE WITHIN ONE YEAR
Parish Share
Charitable giving
Social security and other taxes
Other creditors
7. MOVEMENTS IN FUNDS
General Funds
7.1 Accumulated Fund
Balance at 1 January 2022
Surplus/(Deficit) on ordinary activities
Transfer from Mission fund
Transfer to Repairs fund
Balance at 31 December 2022
7.2 Designated Fund
Balance b/f
£
St Mary's Mission Fund
496,144
Repairs and renovations
23,790
Hardship Fund
1,544
Designated assets
22,500
SCS
0
Balance at 31 December 2021
543,978
Total General Funds
7.3 Restricted Funds
Balance b/f
£
Youth Worker fund
7,710
Family Worker
0
Choir Fund
1,489
Bellringers Fund
315
Repairs and renovations
2,456
WinSpire
72,173
Special charity collections
0
Restricted assets
11,501
Pastoral centre
137,169
Baby & Toddler
Foodshare
Restricted collections
Balance at 31 December 2021
232,813		 Income
£
601,949
7,000
1,419
0
10,045
620,413
Income
£
4,345
11,488
286
113
1,779
2,001
625
675
2,400
23,712		 2022
£
5,056
11,997
17,053
2022
£
6,106
3,672
1,557
9,085
_
20,420
_
Expenditure
£
363,056
797
270
0
10,045
374,168
Expenditure
£
17,000
20,207
784
337
4,235
2,088
5,440
60
2,241
52,392		 2021
£
1,883
17,436
19,319
2021
£
0
3,852
1,696
7,494
__
13,042
____
Transfer
& Revaluation
£
(40,871)
0
0
(40,871)
Transfer
& revaluation
£
4,945
8,719
(3,678)
9,986		 2022
2021
£
£
28,147
28,147
(16,173)
8,731
16,173
(8,731)
28,147
28,147
2022
2021
Balance c/f
£
£
694,166
496,144
29,993
23,790
2,693
1,544
22,500
22,500
0
0
749,352
543,978
777,499
572,125
2022
2021
Balance c/f
£
£
0
7,710
0
0
991
1,489
91
315
0
2,456
70,496
72,173
0
0
9,413
11,501
131,729
137,169
625
0
615
0
159
0
214,119
232,813

The PCC approved the transfer from the designated mission fund to cover this year's deficit on the General fund. They have also agreed to financially support a full time family worker and support the youth worker by using the St Mary's mission fund, this amounted to £8,719 and £4945 respectively.

17

PAROCHIAL CHURCH COUNCIL OF ST. MICHAEL AND ALL ANGELS, SANDHURST

Notes on the Financial Statements for the Year ended 31 December 2022 (continued)

8. CHARITABLE GRANTS

During the year charitable grants were made to the following bodies:

General
Funds
£
Church Mission Society
1,185
Tear fund
1,185
Barnabas
1,185
Reaching Rwanda
1,185
Compassion
1,185
Sandhurst Day Centre
1,185
SCS - Sandhurst Counselling Serv
1,185
St Michael's hardship fund
169
Restricted collections
8,464
9. OPERATING LEASE COMMITMENTS
Plant and machinery
Expiring:
Between one and five years
10. EMPLOYEES REMUNERATION
Wages and salaries
Average number of employees		 Designated
Funds
£
10,045
270
10,315		 Restricted
Funds
£
2,242
2,242
2022
£
0
2022
£
47,498
47,498
3		 Total
Total
2022
2021
£
£
1,185
1,200
1,185
1,200
1,185
1,200
1,185
1,200
1,185
1,200
1,185
1,200
11,230
7,242
439
271
2,242
64
21,021
14,777
2021
£
644
2021
£
33,364
33,364
3

£11,121 of wages and salaries were recharged to the Sandhurst Counselling Services in 2022 (netted off in 2021)

11. PCC MEMBERS REMUNERATION AND EXPENSES

No remuneration or expenses was paid to any person on the PCC or any person connected with members of the PCC.

12. RELATED PARTIES

Jon Toohey is a Trustee of Compassion and a donation of £1.185 was given to them during the year.

13. CAPITAL AND FINANCIAL COMMITMENTS

The PCC have resolved to continue to resource a youth worker through Sandhurst Youth until such time as it passes a resolution that it is no longer something they wish to do. It is anticipated that a contribution of £17,000 will be required before April 2023.

18