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2022-12-31-accounts

Parish of St Mary with St Peter, Bury St Edmunds

Church of England Diocese of St Edmundsbury and Ipswich (Thingoe Deanery) Parish of St Mary with St Peter, Bury St Edmunds

Annual Report

and

Financial Statements

of the Parochial Church Council

for the year ended 31 December 2022

The Parochial Church Council of the Ecclesias�cal Parish of St Mary with St Peter, Bury St Edmunds is a registered charity, number 1134666.

Annual Report for the year ending 31 December 2022

1. REFERENCE AND ADMINISTRATIVE DETAILS 3
INDEPENDENT EXAMINER 3
2. STRUCTURE, GOVERNANCE AND MANAGEMENT 3
PCC MEMBERSHIP 4
COMMITTEES 5
3. CHARITABLE AIMS AND PURPOSES 6
PARISH STATISTICS 6
4. CHARITABLE OBJECTIVES 6
5. ACHIEVEMENTS AND PERFORMANCE 8
WORSHIP MINISTRIES 8
ELECTORAL ROLL AND MEMBERSHIP 10
RAISING VOLUNTARY INCOME THROUGH GIVING 10
PARISH SHARE 1 0
OTHER ACTIVITIES 1 0
OPERATING BUILDINGS 11
6. STAFFING AND EMPLOYMENT 12
7. FINANCIAL REVIEW 13
8. PLANS FOR THE FUTURE 1 5

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Annual Report for the year ending 31 December 2022

1. REFERENCE AND ADMINISTRATIVE DETAILS

Bury St Edmunds, Suffolk IP33 1RT.

Email address for further informa�on: jackie.cro�s@stmaryschurchbse.org

Websites: www.wearechurch.net, stmaryschurchbse.org , stpetersbse.uk

Parish legal name: Bury St Edmunds, St Mary.

The PCC banks with Royal Bank of Scotland, Drummond House, Edinburgh EH12 9JN and with HSBC, 54 Abbeygate Street, Bury St Edmunds IP33 1LJ.

INDEPENDENT EXAMINER

Robin Jackson FCA, Chartered Accountant, Churchgate Accountants Ltd, 18 Langton Place, Bury St Edmunds IP33 1NE.

2. STRUCTURE, GOVERNANCE AND

MANAGEMENT

The PCC has, as a governing document, two pieces of Church of England legisla�on, called Measures. These are the Parochial Church Councils (Powers) Measure 1956 as amended and the Church Representa�on Rules 2020 as amended.

The PCC is cons�tuted as an unincorporated associa�on. It is registered as a charity with the Charity Commission.

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Annual Report for the year ending 31 December 2022

PCC MEMBERSHIP

Lay representa�ves of the Diocesan and Deanery Synods, Licensed Lay Ministers and Churchwardens are ex-officio members of the PCC. Lay members were elected at the Annual Parochial Church Mee�ng (APCM), held in April 2022.

Vicar (with effect from 5 October 2022) Associate Vicar (St Peter’s) The Revd A Williams Assistant Curate The Revd Dr. Sarah Gull (with effect from 2 July 2022) Parish Churchwardens Brian Jones (St Mary’s), Stuart Lowe (St Peter’s ) District Churchwardens Rosie Perham (St Mary’s), David Ayrton (St Peter’s) Deanery Synod Lay Representa�ves Andrew Gayfer (St Mary’s), Joanna French (St Mary’s), John Dixon (St Peter’s), Philip Lloyd-Jones (St Peter’s) PCC Treasurer Colin Firth PCC Secretary Jackie Cro�s Elected members (St Mary's) Nigel Beeton, Virginia Dean, Robin Goodchild, Stephen Mills, Shelagh Wallace Elected members (St Peter's) Rob Bream, Jackie Cro�s, Phil Hymers, Duncan MacInnes, Ian Nurcombe Co-opted members The Revd David Cro�s Diocesan Synod Lay Representa�ves Colin Firth, Peter Boyt (ex officio)

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Annual Report for the year ending 31 December 2022

COMMITTEES

The Parochial Church Council (PCC) is the trustee body of the charity and is cons�tuted under the Church Representa�on Rules. The PCC usually meets quarterly. During 2022, the PCC met four �mes. The Annual Mee�ng of Parishioners and Annual Parochial Church Mee�ng was held on 24 April 2022. As usual, this was combined with a service of rededica�on.

The PCC elected a PCC Standing Commi�ee consis�ng of the vicar, associate vicar, curate, vice-chair, secretary, treasurer of St Peter’s, treasurer of St Mary’s, churchwardens and district churchwardens. The standing commi�ee has the power to transact the business of the PCC between its mee�ngs, subject to any direc�ons given by the Council. During 2022, it met once to set the budget for 2023. The Thomas Clarkson Centre Management Commi�ee is chaired by David Cro�s and covers all aspects of the use and maintenance of this parish asset.

St Mary's and St Peter's District Church Councils (DCCs). The two churches work together under a Scheme of Delega�on. Each has its own District Church Council, which meets four �mes per year, and reports to the PCC. The separate mee�ngs are able to discuss ma�ers affec�ng the individual churches. All policy, financial and faculty ma�ers and proposals affec�ng the whole parish are referred to the PCC. Each church has its own subcommi�ees.

Each church has its own Mission Focus group which considers the support of mission partners and other agencies to deliver the parish’s objec�ves.

The patron of the parish is Simeon’s Trustees.

The wider ministry team (clergy, lay pastor, readers ) met four �mes during 2022. The mee�ngs’ chief purpose is to ensure that the team of preachers and leaders of services are apprised of latest developments and consulted on relevant issues.

A full health and safety risk assessment was last carried out in 2015. The policy can be found on our website (www.wearechurch.net). The health and safety policy was reviewed in 2017, ensuring that there is a policy for each of the three sites and St Mary’s health and safety policy was reviewed again in 2018.

The PCC complied with the duty under sec�on 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to have regard to House of Bishop’s guidance on safeguarding children and vulnerable adults).

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Annual Report for the year ending 31 December 2022

3. CHARITABLE AIMS AND PURPOSES

Church of England parishes seek to promote the whole mission of the church, pastoral, evangelis�c, social and ecumenical.

This aim was expressed in a statement in 2017 as follows:

we seek to worship the God and Father of our Lord Jesus in the power of the Holy Spirit; to teach the Bible in a way relevant to everyday life; to grow people in faith, understanding and love; to equip people to serve others; to offer people opportuni�es to meet Jesus and discover forgiveness and new life.

PARISH STATISTICS

The Parish of St Mary with St Peter is 2.6 square miles of central and southern Bury St Edmunds, characterised by residen�al estates and town centre businesses. The parish popula�on in 2018 was 12,760, living in approximately 5,700 households.

In latest available data, the parish is ranked 9161 out of the Church of England’s 12,382 parishes according to indices of depriva�on (1 = most deprived). The age profile of residents is older than the na�onal average.

The parish’s boundaries were enlarged as part of a scheme of local parochial re-organisa�on enacted by a bishop’s order dated 1 December 2020. The effects are to include land that has been designated for future residen�al development near to the town, so the popula�on of the parish will increase significantly in the next decade.

4. CHARITABLE OBJECTIVES

By the start of 2022, the parish had resumed a full pa�ern of Sunday services following the Covid-19 pandemic restric�ons of the previous two years. We con�nued to fulfil our aims and purposes including the following public charitable services:

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Annual Report for the year ending 31 December 2022

The vicar, the associate vicar and the PCC have considered the Charity Commission’s guidance on public benefit and the specific guidance on chari�es for the advancement of religion.

safeguarding, employment, financial management, upkeep and repair of its buildings and stewardship of its resources.

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Annual Report for the year ending 31 December 2022

5. ACHIEVEMENTS AND PERFORMANCE

2022 was a year where we sought to re-evaluate and build up our ac�vi�es following the restric�ons of the previous two years due to the Covid-19 pandemic.

WORSHIP MINISTRIES

Throughout 2022, St Mary’s held two services on Sunday mornings, with a contemporary service at 9:15am and a more tradi�onal service at 11am, as well as a midweek service. St Peter’s con�nued with their morning service at 10:30am each Sunday. In addi�on, St Mary’s held evening services on one or two Sundays each month throughout the year, and St Peter’s began a monthly Sunday evening informal praise service from February 2022.

Through the course of 2022, midweek services at care homes in our parish resumed.

Each month, a Parish Prayer mee�ng was held on Zoom. A St Peter’s Vision Prayer Mee�ng was held weekly, also on Zoom. Online daily prayer, held five days a week, con�nued to reach around 10 - 15 people on the days when there were no other services.

Church A�endance

St Mary’s * has two regular services on Sundays.

There has been an upward trend in a�endances through the course of 2022, in par�cular at the 9.15am service where the average a�endance increased no�ceably in each three-month period.

Average a�endances in 2022 (2021) are as follows:

The 9:15am contemporary service averages 68 (58) of whom 3 (2) are under 16 years. Children’s groups are held each Sunday under the banner of Energise.

The 11am tradi�onal service averages 50 (49) of whom 1 (2) are under 16 years.

A service of Choral Evensong was reintroduced at the beginning of 2022, and this took place once or twice a month. The average a�endance at this was 25 of whom 1 was under 16 years.

There is also a Holy Communion service every Wednesday. The numbers a�ending here average 18 (16).

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Annual Report for the year ending 31 December 2022

The two morning congrega�ons combined for a number of special services throughout the year. These included Pentecost, where the a�endance was 91; Harvest, with an a�endance of 153 (117), of whom 18 (4) were under 16 years; and Christmas, where the a�endance was 109 (77), of whom 4 (3) were under 16 years

Lent services included an Ash Wednesday service of Holy Communion, a�ended by 26 people, and a Good Friday medita�on service, a�ended by 36 people

Advent and Christmas services included the Advent carol service, which 68 (88) a�ended; St Mary’s carol service, a�ended by 253 (124); the crib service, a�ended by 202 (89) and the midnight communion, which 122 (80) a�ended.

Civic services included St George’s parade, where the a�endance was 665, of whom 433 were under 16 and Remembrance, where the a�endance was 582 (444), of whom 96 (4) were under 16.

Other special services included a joint Ascension Day service with the Cathedral, which took place at St Mary’s; Jankyn Smyth, which 125 a�ended, of whom 41 were under the age of 16 and the Town Memorial Service to remember before God those who have died, which had an a�endance of 178.

St Mary’s Church was open for visits from 10.30am -3pm six days a week. 11759 visitors came to the church during the year outside services and events.

St Peter’s holds a 10:30am service every Sunday, with an average a�endance of around 61 (60). This includes an average of 55 adults and 6 children. Children’s groups were held on two or three Sundays each month. St Peter’s also holds an informal praise service most months, with an average a�endance of 23.

Services for life events (bap�sms, weddings and funerals) were held in both churches.

services for the birth of a child; 5 (10) bap�sms; 16 (13) weddings; 0 (0) wedding blessing; 0 (0) renewal of marriage vows; 12 (8) funerals, and 1 (1) memorial services.

At St Peter's Church there were 0 (0) thanksgiving services for a child; 1 (1) bap�sms; 2 (0) weddings; 0 (0) wedding blessings; 0 (0) renewal of marriage vows; 3 (5) funerals, and 0 (1) memorial services.

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Annual Report for the year ending 31 December 2022

The parish conducted 12 (14) funerals at a crematorium or cemetery in 2022, making a total of 27 (28) funeral services conducted by members of staff as well as 4 (1) interments of ashes.

ELECTORAL ROLL AND MEMBERSHIP

In 2022, we carried out revisions of the Electoral Roll in April. At the Annual Parochial Church Mee�ng there were 273 (264) on the electoral roll. Of these, 201 (188) were on St Mary’s electoral roll, and 74 (77) were on St Peter’s roll. 2 (1) appeared on both rolls.

RAISING VOLUNTARY INCOME THROUGH GIVING

At St Mary's in 2022 £119,533 (2021 £129,123) was given to the general fund through collec�ons, tax effec�ve regular giving and general dona�ons. £16,997 (2021 £16,505) was given by or through the church for other chari�es or good causes.

At St Peter's in 2022 £79,384 (2021 £72,874) was given to the general fund through collec�ons, tax effec�ve regular giving and general dona�ons. £15,476 (2021 £14,269) was given by or through the church for other chari�es or good causes.

PARISH SHARE

The parish contribu�on to the diocesan share was £156,000 (2021 £154,000). In 2023 the parish will pay a contribu�on of £156,000.

OTHER ACTIVITIES

St Mary’s shares the site of the ancient and ruined Abbey of St Edmund with the cathedral, the public Abbey Gardens and others. Plans to celebrate the millennium of the Abbey’s founda�on in 1020 were postponed in 2021 and in 2022 we were able to par�cipate in the Abbey Millenium Pilgrimage event and to host a book signing and talk.

Mary’s celebrated the event with a special Saturday a�ernoon service, to which members of the local community were invited, and congrega�on members shared memories. St Peter’s held a Jubilee street party and fun day on the Sunday a�ernoon.

Social ac�vi�es which had been suspended during the Covid pandemic had largely resumed in person by 2022. The two churches come together to organise a number of these. The men’s group met monthly for breakfast and they also organised parish walks which took place throughout the summer months. Lunch & Chat con�nued to provide an opportunity

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Annual Report for the year ending 31 December 2022

for socialisa�on and food once a month and was well a�ended. The Li�le Fishes group also met monthly for young children with their carers, and around 10 - 15 families a�ended each month.

St Mary’s ran a pop-in cafe each month throughout the year, and the Time Together social event took place four �mes through the course of the year, including a summer outdoor event at the Thomas Clarkson Centre.

St Peter’s con�nued with their weekly community cafe and the monthly Tea and Chat event. They also held a men’s bowls evening once a month.

We seek to encourage people to work both with other churches in the town, and the work of the Chris�an church in the wider community. People from the congrega�ons work with BCY (Bury Chris�an Youth), the Bury Drop in, Town Pastors, Spor�ng 87 (a Chris�an football club), CAP (Chris�ans against poverty) and the St John’s Ecumenical Centre.

OPERATING BUILDINGS

The parish maintains St Mary’s Church, St Peter’s Church and the Thomas Clarkson Centre. As usual, regular maintenance and services were carried out in all the buildings.

projects being ini�ated or implemented. Following the church architect’s last quinquennial inspec�on of the church, a contract was tendered and let for the repair of many areas of stonework that have deteriorated and also for the repair of some lead flashings and several rainwater downpipes. These defects have been accumula�ng over a number of years and it is a posi�ve step to get them all put right to secure the integrity of the fabric. Progress with replacing the poor audio system, and also the defec�ve projector, has been slow owing, firstly, to global supply issues with the specialist equipment and, secondly, to the detailed scru�ny and processes required to obtain diocesan approval. At the �me of wri�ng this report, the proposals are being publicly adver�sed for any comment and, at the end of March 2023, subject to there being no issues arising from that, a decision will be made. A number of the high- level spotlights in the nave, chancel and sanctuary are defec�ve and need replacement. These, and others of the same type, are old and inefficient and spare parts are now hard to find, so an applica�on to replace them with modern LED units was made and has recently been approved. It is hoped that this work will take place soon. Three trees adjacent to the car park are causing damage to a neighbour’s wall and to historic railings at the east end of the church and permission has now been obtained from West Suffolk Council and the diocese to have them removed. This work is planned for a�er Easter 2023, with care taken to ensure that no nes�ng birds are present. Approval has also been obtained to redecorate the inside of the Notyngham porch and to repaint the porch doors; also, the tower external door and the south entrance door. This will be carried out once the

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Annual Report for the year ending 31 December 2022

weather turns warmer and drier. With rising energy costs and environmental concerns in mind, the diocesan hea�ng adviser was invited to assess future hea�ng op�ons for the church. His advice is that solar or air/ground source heat pumps are not viable op�ons, given the grade 1 listed status of the building, its size, layout and loca�on. The current gas space heaters will be maintained as long as prac�cable together with the electric under-pew heaters. In �me, it will probably be necessary to consider electric space hea�ng alongside the under-pew hea�ng. For the moment, costs are being kept as low as possible by limi�ng the use of the space heaters outside service �mes. The old and damaged carpet and impermeable underlay in the Lady Chapel have been li�ed to limit possible damp damage to the stone floor and op�ons are being inves�gated for the future. Inves�ga�ons are underway to find a suitable home for the redundant small organ that is stored in the Military Chapel, with a proposal to provide a hanging cupboard in that loca�on for the proper storage of communion table frontals. An applica�on has been made for the Silver Eco Church award, in recogni�on of the work that has been carried out to make the life of the church and the building more sustainable, helping to care for God’s earth. The Fabric Commi�ee is again very grateful to the volunteers who clean the church and to the gardeners who look a�er the pre�y garden.

At St Peter’s, the broken ligh�ng to illuminate the path on the north side of the church has been replaced with LED lights. Stays were fi�ed to the south doors to secure them ajar during services in warm weather to prevent injury. We received the quinquennial report late in 2022 and will produce a plan of works to complete tasks required. The leaking gu�ers on the north transept wall have been repaired or replaced. The damp wall con�nues to dry out. New ma�ng has been securely fi�ed inside the vestry door and the small area of damp so�ened floor has been replaced. Bolts on the porch door have been repaired. A hea�ng survey has been conducted by the Diocesan Advisor. Work con�nued to plan and gain DAC approval for an extension to the north side of the church. A�er communica�on with the police about drug needles found in the church grounds, a safety box, gloves and forceps are now in the vestry.

6. STAFFING AND EMPLOYMENT

Simon Harvey served as vicar and incumbent of the parish un�l Easter 2022, when he resigned the benefice in order to spend more �me with his wife, who had been diagnosed with advanced cancer.

Andy Williams con�nued to serve the congrega�on at St Peter’s as he completed his curacy and he was licensed as Associate Vicar with responsibility for St Peter’s on 8 February 2022.

incumbent and was ins�tuted, inducted and installed as Parish Vicar on 5 October 2022.

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Annual Report for the year ending 31 December 2022

In 2022, the parish employed an Events Manager, a Church Administrator and a Caretaker.

The parish also employs two cleaners.

The Director of Music resigned his post in mid-2022. For the remainder of the year, DB Di Blasio stood in as organist, with the assistance of Paul Beddoe, and Chris Ballam resumed direc�on of the choir.

A very large propor�on of the ac�vity in the parish is undertaken by volunteers and we are very grateful for their work. We have a good team of re�red, self-suppor�ng and lay ministers who support the work of the s�pendiary clergy, as well as many lay volunteers who give up their �me to fulfil a whole variety of roles in the life of our churches.

7. FINANCIAL REVIEW

out in notes to the accounts and comply with the charity’s governing document, 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 published on 16 July 2014.

Across the whole Parish income of all funds for 2022 amounted to £298,172 (2021 £282,620) as shown on the financial statements. That included income from bequests and dona�ons in memoriam totaling £4,000 (2021 £1,000). £3,000 of the bequests were to be used for unrestricted purposes and £1,000 for restricted purposes. £27,025 (2021 £26,408) came from le�ng the parish hall, which was supplemented by government grants of £1,904 (2021 £650) related to the Covid-19 pandemic and energy cost support and by dona�ons of £100 (2021 nil), £23,720 (2021 £22,372) from investment income, £11,587 (2021 £7,468) from such main charitable ac�vi�es as weddings and funeral services and the balance of £229,836 (2021 £224,722) came primarily from church members. There were slightly fewer excep�onal items in 2022 within the £229,836 than in 2021. St Peter’s Social and Fellowship Fund raised nil (2021 £550). St Peter’s ac�vi�es at Westgate generated £309 (2021 £418). At Mary’s £5,268 was raised from event fees and other fundraising ac�vi�es (2021 £2,251); £1,075 was raised for Choir Associa�on ac�vi�es (2021 nil); savings on organ maintenance contributed £2,854 (2021 £2,816) to the Organ Fund. Stripping out these excep�onal items, the recurrent income raised from the congrega�ons amounts to about £220,330 (2021 £218,687).

Again, taking the Parish as a whole, expenditure on charitable ac�vi�es totaled about £341,650 (2021 £317,700). Various items of excep�onal expenditure were incurred in 2022. £16,308 (2021 £12,727) was spent on Fabric at St Mary’s. £20,000 (2021 nil) was spent on

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Annual Report for the year ending 31 December 2022

upgrading the sound system at St Mary’s. £1,728 (2021 £9,296) was spent at St Peter’s on fabric improvements and in prepara�on for a planned extension to the church building. £1,910 (2021 £411) was spent on fabric maintenance at St Peter’s. St Mary’s Choir Associa�on spent £1,101 (2021 nil) on choir ac�vi�es. Nil (2021 £554) was spent on Social & Fellowship through the St Peter’s accounts. £721 (2021 £8,954) was charged to St Peter’s Daphne Swatman Mission Fund. Expenditure through the General Funds increased by £11,158 at St Mary’s and by £3,630 at St Peter’s. £35,730 (2021 £42,527) was spent at the Thomas Clarkson Centre, the decrease being a�ributable to a decrease in building and refurbishment works offset by higher u�li�es costs. Expenditure on charitable ac�vi�es included dona�ons and grants to other chari�es totaling £32,473 (2021 £30,774). In addi�on to expenditure on main charitable ac�vi�es, costs of fundraising were very small in both 2022 and 2021.

A�er taking into considera�on a fall in the value of our investments by about £110,700 (2021 rise of about £125,000) our income and gains therefore fell short of our expenditure and losses by about £156,000 (2021 surplus income of about £89,000). Income of £4,000 was a�ributable to bequests and dona�ons in memoriam (2021 £1,000) and a deficit of £6,683 (2020 £15,468) generated by the Thomas Clarkson Centre.

appropriate to its circumstances.

At the end of 2022 St Mary’s had total net assets, excluding permanent endowments, of approximately £923,200. That is made up of £232,900 balances on unrestricted funds and £690,300 balances on restricted funds. Within unrestricted funds, the main balances for day-to-day purposes are the general fund and a linked fund together having a balance of £55,200. This balance is not consistent with the reserves policy of holding sufficient in such reserves to pay six months recurrent bills, but general reserves can have recourse to the Mission Development Fund. The Mission Development Fund is the other main unrestricted fund with a balance of about £175,500, which the PCC aims to use for development rather than simply maintenance of the mission life of the church, but can, if needed, be used to support the general fund. The main reserves within restricted funds are the Fabric Fund and linked funds, which have total balances of £628,600. The PCC wishes to retain £197,500 consis�ng of the Rae por�olio intact, leaving £431,100 available to meet any urgent work on the fabric of St Mary’s. The £431,100 includes equity-based investments of £338,700, which are subject to stock market fluctua�ons.

St Peter’s has net assets of about £396,400. The main components of these are a Fabric Fund balance of £344,400 (including the surplus on linked investments), other restricted fund balances of £9,400, the balance of the Daphne Swatman Mission Fund of £19,000 and a General Fund balance of £23,600, sufficient to meet normal recurrent bills over a period slightly less than four months.

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Annual Report for the year ending 31 December 2022

The Thomas Clarkson Centre has net assets of about £611,600. That includes the building itself at a valua�on of £250,000 plus expenditure incurred to the end of 2013 of £323,600 on planning and building the extension of the hall. General realisable reserves of about £38,000 are held. These are sufficient to meet short-term likely refurbishment costs and to meet recurrent bills for six months.

equity based pooled investments with the Church of England Investment Fund. Across the Parish these assets, excluding endowment funds, total about £812,000. These fell in value in 2022 by 11.8%. This investment fund has an ethical approach consistent with Church of England ethical principles. £7,700 is held in bond based pooled investments with the Church of England Fixed Interest Fund and £10,700 available to the PCC held by the Diocesan Board of Finance. A further amount of £554,800 is held with various banks, of which £80,000 is held on deposit with the Church of England Deposit Fund. Much of the amounts held with Church of England Deposit Fund is likely to be spent on further building work being planned at St Mary’s church. Bank deposit balances are held at a high level by St Peter’s in an�cipa�on of work to be carried out on the Fabric of St Peter’s.

8. PLANS FOR THE FUTURE

Following the appointment of a new Parish Vicar in October 2022, and as we move forward from the uncertain�es of recent years where our work was curtailed by the restric�ons arising from the Covid-19 pandemic, we look forward to the opportunity to reassess, develop and grow the parish.

We have con�nued to deliver the ministry and mission of the Church in the best way possible, over the last three years, and in 2022 we focussed very successfully on rebuilding our in-church services of worship and other face-to-face ministries.

A�er a few months in the role, the key areas that the new vicar wishes to develop at St Mary's going into 2023 and beyond are:

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StatementofFinancialActivitiesfortheParishincorporating
St Mary's, St Peter's andtheThomas ClarksonCentre 1
Batance Sheetat31December 2072fortheParish
incorporatingSt Mary's, St Peter's andtheThomas ClarksonCentre 2
CashFlow Statementfor theParishincorporating
StMary's, StPeter'sandtheThomasClarkonCentre 3
Statementof trustees'responsibitities 4
AccountingPolicies 5to6
5tMary'sincomeandexpenditure offunds 7to11
StMary'sdetaitsoffundbatances 12
StPete/sincome andexpenditureoffunds 13to15
St Petedsdetails of fundbatances 15
Thomas CtarksonCentre detaitsofincomeandexpenditure 16
Notesto financialstatements 17to24

Independent Examiner's Report to the trustees of St Mary's with St Peterfs Parochial Church Council I report on the accounts of St Marfs with St Peterfs Parochial Church Council for the year ended 31 December 2022. which are set out on pages I to 24. This report is made 501ely to the trustees. as a body. in accordance with the General Directions given by the Charity Commission. My work has been undertaken 50 that I might state to the charity'5 trustees those matters l am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a bodyi for my work. for thi5 report. or for the opinions I have formed. Respective responsibilities of the trustees and examiner The chariVs trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144 of the Charitie5 Act 2011 (the Charities Act) and that an independent examination is needed. The tharivs gr055 income exceeded £250.000 and l am qualified to undertake the examination by being a qualified member of the ICAEW. It is my responsibility to: examine the accounts under Section 145 of the Charities Act,. follow the procedures laid down in the General Directions given by the Charity Commission under section 14515llbl of the Charities Art,. and to State whether particular matters have come to my attention. B35is of independent examlnerfs rèport 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 charity and comparison of the ccounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from you as trustees concemirbg any such matters. The protedure5 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 fairf view and the report Is limited to those matters set out in the statement below. Independent examlner's statement In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respett: the accounting records were not kept in accordance with section 130 of the Charities Act,. or the accounts did not accord with the accounting records- or the accounts did 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 gwe a 'true and fairf view which is not a matter considered as part of an independent examination. I have come acr055 no other matters in connectton 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. Signed Date okr. IIEk ZcZ8 Robin Jackson FCA Chartered Accountant Churchgate Accountants Limited Langton Place 8ury St Edmunds

PAROCHIAL CHURCH COUNCIL OF ST MARY'S WITH ST PETER'S BURY ST EDMUNDS

STATEMENT OF FINANCIAL ACTIVITIES For the year ended 31 December 2022

ST MARY'S ST PETER'S ST PETER'S THOMAS CLARKSON CENTRE THOMAS CLARKSON CENTRE THOMAS CLARKSON CENTRE PARISH PARISH
Unrestricted Restricted Endowment TOTAL Unrestricted Restricted TOTAL Unrestricted Restricted TOTAL TOTAL
Funds Funds Funds FUNDS Funds Funds FUNDS Funds Funds FUNDS FUNDS
2022 2021 2022 2021 2022 2021 2022 2021
Note £ £ £ £ £ £ £ £ £ £ £ £
Income and endowments from
Donations and legacies 2(a),2(c),4(a),4(c),6 122908 16467 139375 141234 79693 9005 88698 82237 2004 2004 650 230077 224121
Other trading activities 2(a),2(c),4(a),4(c),6 5268 495 5763 2251 27025 27025 26408 32788 28659
Investments 2(a),2(c),4(a),4(c),6 4496 17942 22438 20562 190 1074 1264 1809 18 18 1 23720 22372
Charitable activities 2(a),2(c),4(a),4(c),6 7639 2348 9987 6825 1600 1600 643 11587 7468
__ __ __ ___ __ __ ___ __ __________
TOTAL INCOME AND ENDOWMENTS 140311 37252 177563 170872 81483 10079 91562 84689 29047 0 29047 27059 298172 282620
-------------- -------------- -------------- ------------------------ -------------- -------------------------- ------------ --------------------------------------------------------------------------------
Expenditure on
Raising funds 2(b),2(d),4(b),4(d),6 1867 1867 881 6 6 1873 881
Charitable activities 2(b),2(d),4(b),4(d),6 187564 26066 213630 172037 78376 13916 92292 103143 35730 35730 42527 341652 317707
__ __ __ ___ __ __ ___ __ __________
TOTAL EXPENDITURE 189431 26066 215497 172918 78376 13922 92298 103143 35730 0 35730 42527 343525 318588
-------------- -------------- -------------- ------------------------ -------------- -------------------------- ------------ --------------------------------------------------------------------------------
Net gains/(losses) on investments (17844) (71298) (6449) (95591) 100234 (15137) (15137) 24788 (110728) 125022
-------------- -------------- -------------- ------------------------ -------------- -------------------------- ------------ --------------------------------------------------------------------------------
Net Income and gains/(expenditure and losses) (66964) (60112) (6449) (133525) 98188 3107 (18980) (15873) 6334 (6683) 0 (6683) (15468) (156081) 89054
Transfer between funds 10433 (10433) 0 0 (1200) 1200 0 0 0 0 0 0
-------------- -------------- -------------- ------------------------ -------------- -------------------------- ----------- --------------------------------------------------------------------------------
Net Income and gains/(expenditure and losses)
before other recognised gains and losses (56531) (70545) (6449) (133525) 98188 1907 (17780) (15873) 6334 (6683) 0 (6683) (15468) (156081) 89054
Other recognised gains/losses
Gains (losses) on revaluation of fixed assets
Actuarial gains/losses on defined benefit pension schemes
__ __ __ ___ __ __ _ ______ __ __________
NET MOVEMENT IN FUNDS (56531) (70545) (6449) (133525) 98188 1907 (17780) (15873) 6334 (6683) 0 (6683) (15468) (156081) 89054
Total funds brought forward 3,5,6 289429 760816 54785 1105030 1006842 40730 371587 412317 405983 618258 618258 633726 2135605 2046551
at beginning of year
__ __ __ ___ __ __ _ ______ __ __________
Total funds carried forward
at end of year 3,5,6 232898 690271 48336 971505 1105030 42637 353807 396444 412317 611575 0 611575 618258 1979524 2135605
**__ ** __ __ _**__ ** **__ ** __ **___ ** **__ ** __________

1

PhROCHIAL CHURCH COUNCIL OF ST MARWS WITH ST PETElfS. BURY ST EDMUNDS BALANce SHeeT AT 31 DEeeMBER 2022 2W21 st IAarf8 St P•torf8 st Iws St Poto Clwrkson Centro Parfsh FIXED ASSETS Tanglblt Investm￿15 Inve5tmen15 Reginejd Furs18￿ portrdKJ Fabrfc portfolK> 10 573599 573 573599 322038 252368 24W53 166108 322038 222515 21W7 222515 21W7 1x1971 19J971 166108 CURRENT ASSETS Stockofc8rds. guide5 & bor*s Debtors and p￿paYMentS Cash al bank and in hand 12 9110 258475 165 9275 554814 3019 29gJ15 1078 64254 4097 e10459 248449 47 24719) CURRENT U￿ILmE8 cr￿itOrS 14 1251WI 129761 11ty)79 1381531 (21U)I 19811 1206ni 1429841 NEf CURRETrIT ￿SET8 243737 245473 37976 527186 281671 246209 572539 Loan5 NET ASSETS 971505 611515 1979524 412317 618258 2135605 FUNDS 16 Er￿o￿ont Restricted Unresirfcied 54785 7￿616 54785 1132403 948417 271 1044078 887110 371587 407>) 611575 618258 TOT￿ FUNDS 971505 6115P5 1979524 1105030 412317 618258 2135605 Th15 baL￿￿e sheei rums part d ¥c{xmtsarv￿d th 28 MarchX)23 Cch an PCC Treasurer I

PAROCHIAL CHURCH COUNCIL OF ST MARY'S WITH ST PETER'S, BURY ST EDMUNDS

CASH FLOW STATEMENTS FOR YEAR ENDED 31 DECEMBER 2022

Note 2022 2022 2021 2021
£ £
St Mary's St Peter's Thomas
Clarkson Centre		 Parish St Mary's St Peter's Thomas
Clarkson Centre		 Parish
Net cash inflow from operating activities (62978) (550) (16382) (79910) (19750) (20324) (6474) (46548)
Interest received 8 22438 1809 18 24265 20562 1809 1 22372
Interest paid 15 0 0 0 0 0 0 0 0
Net cash inflow from investments 22438 1809 18 24265 20562 1809 1 22372
(Capital expenditure) 10 0 0
Sale of investments 0 0
(Purchase of investments) 0 0
______ ______ _____ _ ______ _____ ____ _
Increase/(decrease) in Cash (40540) 1259 (16364) (55645) 812 (18515) (6473) (24176)
====== ====== ==== ======= ====== ====== ===== =======
Reconciliation of operating surplus to net cash inflow from operating activities
Operating surplus/(deficit) SOFA (133525) (15873) (6683) (156081) 98188 6334 (15468) 89054
(Investment income) 8/15 (22438) (1809) (18) (24265) (20562) (1809) (1) (22372)
(Gains)/losses on investments SOFA 95591 15137 110728 (100234) (24788) (125022)
Depreciation 10 0 662 330 992
Decrease/(Increase) in stock (283) (283) 654 654
Decrease/(Increase) in debtors 13 (6091) 0 913 (5178) (78) (753) (831)
Increase/(decrease) in creditors 14 3768 1995 (10594) (4831) 1620 (391) 9748 10977
______ _ _____ _ _ _____ _____ _
Net cash inflow from operating activities (62978) (550) (16382) (79910) (19750) (20324) (6474) (46548)
====== ====== ====== ======= ======= ====== ===== =======
Reconciliation of net cash flow to movement in cash and bank balances
Increase/(decrease) in cash in year (40540) 1259 (16364) (55645) 812 (18515) (6473) (24176)
Cash and bank balances at beginning of year 299015 247190 64254 610459 298203 265705 70727 634635
______ _ ______ _ _ ______ ______ _
Cash and bank balances at end of year 258475 248449 47890 554814 299015 247190 64254 610459
====== ====== ====== ======= ======= ====== ===== =======

3

Statement of trustees' responsibilities

The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations and the Church Accounting Regulations 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

4

PAROCHIAL CHURCH COUNCIL OF ST MARY'S WITH ST PETER'S, BURY ST EDMUNDS

Notes to the Financial Statements For the year ending 31 December 2022

1 Accounting Policies

Basis of financial statements

The financial statements have been prepared under the Church Accounting Regulations 2006 in accordance with applicable accounting standards and the current Statement of Recommended Practice, Accounting and Reporting by Charities and applicable accounting standard FRS 102.

The financial statements have been prepared under the historic cost convention except for investment assets, which are shown at market value. The financial statements include transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of any church groups that owe their main affiliation to another body nor those that are informal gatherings of church members.

Fund accounting

General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available to be spent on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted. The unrestricted funds of each of St Mary's and St Peter's Churches are, in practice, restricted to the furtherance of mission primarily as decided by the District Council of each respective Church.

Restricted funds are those funds that must be spent on restricted purposes and details of the funds held and restrictions are provided in the notes to the financial statements. Endowment funds, where the capital must be retained, are explained in note 17.

Incoming Resources

Donations and legacies

Planned giving, collections and similar donations are recognised when received. Tax refunds are recognised in the final amount claimable for the tax year ending in the period of accounts plus an iterim claim in respect of the next following tax year. Grants and legacies to the PCC are accounted when the PCC is entitled to the use of the resources, their ultimate receipt is considered reasonably certain and the amounts due are readily quantifiable.

Income from other trading activities

Funds raised by letting the Thomas Clarkson (formerly Hyndman) Centre (parish hall), fund raising events and sales of cards and guides from the church bookstall are accounted for gross.

Income from investment

Dividends and interest are accounted for when declared receivable.

Income from Charitable Activities

Income is recognised for the period in which it is earned.

Resources used

Grants

Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC.

5

1 Accounting Policies (Continued)

Activities directly related to the work of the Church

The diocesan parish share expected to be paid over is accounted for when due.

Other expenditure

All other expenditure is recognised when it is incurred and is accounted for gross.

Gains and losses on investments

Realised gains and losses are recognised when investments are sold. Unrealised gains or losses are accounted for on revaluation of investments at 31 December.

Fixed Assets

Consecrated land and buildings and movable church furnishings

Consecrated and beneficed property is excluded from the accounts by s. 10(2)(a) and (c) of the Charities Act 2011.

Movable church furnishings held by the Vicar and Churchwardens on special trust for the PCC, and which require a faculty for disposal, are accounted for 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 2001, there is insufficient cost information available and therefore such assets are not valued in the accounts. Items acquired since 1 January 2001 have been capitalised and depreciated in the accounts over their currently anticipated useful economic life on a straight line basis.

All expenditure incurred during the year on consecrated or beneficed buildings, individual items under £2,500 or on the repair of movable church furnishings acquired before 1 January 2001 is written off.

Other land and buildings

The Thomas Clarkson Centre is shown at valuation so as to conform with SORP issued on 16 July 2014. Prior to SORP 2005 it was excluded since the PCC has a policy of long term retention of these assets. These assets are included at valuation on the balance sheet since reliable cost information is not available. Any expenditure on maintenance is written off as incurred.

Other fixtures, fittings and office equipment

Equipment used within the church premises is depreciated on a straight line basis over 4 years. Individual 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 31 December.

Current assets

Amounts owing to the PCC at 31 December in respect of fees, rent or other income are shown as debtors less any provision for amounts that may prove uncollectible.

Short-term deposits include cash held on deposit either with the CBF Church of England Deposit Fund or at the bank.

6

Note 2 St Mary's Church Summary of income of unrestricted funds

Total General Clergy Family Mission Social & Sound Tiddlywinks
Housing Worship Development Fellowship Happy Hands
Income and endowments: donations and legacies 122908 119533 3000 330 45
Income from other trading activities 5268 5268
Income from Investments 4496 1207 3289
Income from Charitable activities 7639 7399 240
Other income 0
Total income of unrestricted funds 140311 133407 0 0 6289 330 240 45
Summary of expenditure of unrestricted funds
Total General Clergy Family Mission Social & Sound Tiddlywinks
Housing Worship Development Fellowship Happy Hands
Expenditure on Raising Funds
Cost of Giving envelopes 0
Fundraising trading: costs of goods sold 1867 1867
Expenditure on Charitable activities 187564 164757 200 20000 648 1959
Total expenditure of unrestricted funds 189431 166624 200 0 20000 648 1959 0
Summary of income of restricted funds
Total Choir Fabric Flowers Friends M J Walker Mission Organ Phoenix Projects
Association Hymn
Income and endowments: donations and legacies 16467 887 203 330 5159 3119 6769
Income from other trading activities 495 188 307
Income from Investments 17942 17672 3 267
Income from Charitable activities 2348 2348
Other income
Total income of restricted funds 37252 1075 17875 2988 0 0 5159 3386 0 6769
Summary of expenditure of restricted funds
Total Choir Fabric Flowers Friends M J Walker Mission Organ Phoenix Projects
Association Hymn
Expenditure on Raising Funds
Fundraising trading: costs of goods sold 0
Expenditure on Charitable activities 26066 1101 16308 2671 5159 827
Total expenditure of restricted funds 26066 1101 16308 2671 0 0 5159 0 0 827

7

Note 2(a) St Mary's Church

Income of unrestricted funds

2022 2021
Income and endowments
Donations and legacies
Fund Description of Income
General Planned Giving attracting tax relief 73479 90837
Tax recovered 20883 24121
Other collections and donations 25171 14165
______ 119533 _ 129123
Mission Development Bequests
Shirley Gertrude Bennett 3000
______ 3000 _ 0
Social & Fellowship Donations 330 142
Tiddlywinks Prior year adjustment 45
------------ ------------
122908 129265
====== ======
Income from other trading activities
Fund Description of Income
General Postcards, books, CD's & sundries 1898 165
Concerts and fundraising events 3370 2086
--------- ---------
5268 2251
===== =====
Income from Investments
Fund Description of Income
General Interest and dividends 1207 889
Mission Development Interest and dividends 3289 3111
--------- ---------
4496 4000
===== =====
Income from Charitable activities
Fund Description of Income
General Wedding etc. fees 7399 6115
Sound Wedding etc. fees 240 195
--------- ---------
Total 7639 6310
===== =====

8

Note 2(b) St Mary's Church

Expenditure of unrestricted funds

2022 2021 2021
Expenditure on Raising funds
Fund Description of Expenditure
General Cost of giving envelopes 0 0
General Postcards, books, CD's & sundries 504 654
Costs of concerts and fundraising events 1363 227
--------- ---------
1867 881
===== =====
Expenditure on Charitable activities
Fund Description of Expenditure
General Parish Share paid to
Diocese 82070 80160
Clergy expenses 275 1317
Alpha course etc.
Children's material 9
Bibles, books, wine & candles 66 581
Organ & choir costs 16323 11853
Utilities & insurance 29938 22820
Wedding etc. expenses 952 796
______ 129633 ______ 117527
General Depreciation 662
Office running costs 712 725
Parish administrators 16040 16594
Youth work 252 252
Caretaker 2579
Printing, stationery and advert. 2043 1521
Photocopying & paper 1302 359
Sundries 2312 418
Telephone 525 441
______ 23186 ______ 23551
General Grants made 11838 13407
Clergy Husing Maintenance Lawn mower 200
Mission Development Sound system improvements 20000
Social & Fellowship Refreshments etc. 648 211
Sound Microphones, batteries and wages 1959 151
Tiddlywinks Curate's Start-Rite activities 453
Governance Costs
Fund Description of Expenditure
General Independent Examination costs 100 100
------------ ------------
Total 187564 155400
======= =======

9

Note 2(c) St Mary's Church

Income of restricted funds

2022 2021
Income and endowments
Donations and legacies
Fund Description of Income
Choir Association Donations and subscriptions etc. 887
Fabric Other grants and donations 203
Bequests
_____ 203 _____ 0
Flower Donations 330
Mission Collections and monthly giving 5159 3098
Organ Donations 3119 3086
Phoenix Folk Group Donations
Projects Donation Altar cloth 205
Donation Time Together 40
Road to Christmas 574
Donations for staff wages 4950 4785
_____ 5769 _____ 4785
Bequest - Dennis Newton 1000
Bequest - Shirley Spencer 1000
---------- --------
16467 11969
====== =====
Income from other trading activities
Fund Description of Income
Choir Association Fund raising income 188
Flower Fund raising income 307
--------- ---------
Total 495 0
===== =====
Income from Investments
Fund Description of Income
Fabric Dividends from Sayer bequest 876 847
Dividends from Rae bequest 5874 5681
Dividends from Fursland portfolio 6535 6318
Other investment income 4387 3458
_____ 17672 _____ 16304
Flower 3
Organ Dividends from Plumpton bequest 267 258
--------- --------
Total 17942 16562
===== =====
Income from Charitable activities
Fund Description of Income
Flower Wedding fees & donations 2348 515
--------- --------
Total 2348 515
===== =====

10

Note 2(d) St Mary's Church

Expenditure of restricted funds

2022 2021
Expenditure on Raising funds
Fund Description of Expenditure
Choir Association Costs of fundraising concerts etc. 0 0
====== =====
Expenditure on Charitable activities
Fund Description of Expenditure
Choir Association Choir activities 814
Jazz concert 287
______ 1101 ______ 0
Fabric Carpentry 734 680
Caretaker 5527 3969
Flags and flagpole repairs 239 112
Glass repairs 490
Lift repair 1140
Lighting and electrical 4494 2317
Locks and keys 448
Masonry 1182
Miscellaneous 1129 746
Quinquennial work 1815
Roof and lead security 1143
Statutory tests & maintenance 250 2103
Wooden board 517
______ 16308 ______ 12727
Flowers Provision of flowers 2671 755
Mission Grants made 5159 3098
Phoenix Folk Group Microphone, guitar leads etc.
Projects Altar cloth 205
Strimmer 150
Time Together 52
Reaching out Group 57
Road to Christmas 420
______ 827 ______ 57
---------- ---------
Total 26066 16637
====== =====

11

Note 3 St Mary's Church Details of Fund Balances at end of year

Fund Balances
2022 2021
£ £
Unrestricted Funds
General Fund 27521 19877
Surplus on CBF Shares 27644 31519
Bells Fund 0 0
Clergy Housing Maintenance Fund 1400 800
Family Worship 0 0
Mission Development Fund 142077 189016
Surplus/(deficit) on Mission
Development portfolio 33460 47429
Social and Fellowship 209 27
Sound Fund 57 276
Tiddlywinks/Happy Hands 530 485
----------- -----------
3(A) 232898 289429
====== =====
Restricted Funds
Choir Association 4689 4715
Fabric Fund 314573 318989
Flower Fund 1328 511
Friends of St Mary's 0 0
M J Walker Hymn Fund 0 0
Mission Fund 0 0
Organ Fund 38648 35262
Phoenix Folk Group 1 1
Projects Fund 7742 6750
Surplus on Croasdale & fabric
committee portfolios 22616 26477
Surplus on DBF deposit 9235 8993
Surplus/(deficit) on Fursland portfolio 92327 121633
Surplus/(deficit) on Porter portfolio 51447 63470
Surplus on Rae portfolio 147665 174015
----------- -----------
3(B) 690271 760816
====== =====

Expenditure on St Mary's Fabric can have recourse to the amount of the aggregate balances on the Fabric Fund plus the surpluses on the Croasdale & fabric committee, Fursland, Porter and Rae portfolios. At 31 December 2022 this was £628,628 (2021 £704,584)

Endowment Funds
Sayer Bequest 29442 33371
Plumpton Bequest 8967 10163
Raingate Street Charity 3595 4075
Chancel Repair Fund 5062 5737
J Sutton Charity 382 432
St Mary's Estate 661 749
Lady Rivers Charity 227 258
--------- ---------
48336 54785
===== =====

12

Note 4 St Peter's Church

Summary of income of unrestricted funds

Summary of income of unrestricted funds
Total General Daphne
Swatman
Mission
Income and endowments: donations and legacies 79693 79384 309
Income from other trading activities
Income from Investments 190 190
Income from Charitable activities 1600 1600
Other income
Total income of unrestricted funds 81483 80984 499
Summary of expenditure of unrestricted funds
Total General Daphne
Swatman
Mission
Expenditure on Raising Funds
Fundraising trading: costs of goods sold
Expenditure on Charitable activities 78376 77655 721
Total expenditure of unrestricted funds 78376 77655 721
Summary of income of restricted funds
Total Fabric Little Fishes Love Gift Mission People Social &
(Toddler) in Need Fellowship
Income and endowments: donations and legacies 9005 60 8945
Income from other trading activities
Income from Investments 1074 1074
Income from Charitable activities
Other income
Total income of restricted funds 10079 1074 60 0 8945 0 0
Summary of expenditure of restricted funds
Total Fabric Little Fishes Love Gift Mission People Social &
(Toddler) in Need Fellowship
Expenditure on Raising Funds 6 6
Expenditure on Charitable activities 13916 4766 111 8939 100
Total expenditure of unrestricted funds 13922 4766 111 0 8945 100 0

13

Note 4(a) St Peter's Church Income of unrestricted funds

2022 2021
Income and endowments
Donations and legacies
Fund Description of Income
General Planned Giving attracting tax relief 61212 56184
Tax recovered 15303 14026
Other collections and donations 2482 2664
Special events/miscellaneous 387
______ 79384 ______ 72874
Daphne Swatman Mission Westgate Coffee Stop (formerly
Café at Westgate)
Westgate Community Café
The Den/Lighthouse
Donations 309 370
Tax recovered 48
______ 309 418
----------- -----------
79693 73292
====== =====
Income from Investments
Fund Description of Income
Daphne Swatman Mission Interest 190 234
----------- -----------
190 234
===== =====
Income from Charitable activities
Fund Description of Income
General Wedding etc. fees 1600 643
===== =====
Note 4(b) St Peter's Church
Expenditure of unrestricted funds
2022 2021
Expenditure on Charitable activities
Fund Description of Expenditure
General Parish Share paid to
Diocese 61930 60840
Clergy, readers & others' expenses 1482 665
Bibles, wine, candles & flowers 156 408
Musical activities costs 291 295
Utilities, insurance & maintenance 1580 773
Wedding etc. expenses 787
Specific groups/services 609 145
______ 66835 ______ 63126
Parish administration 3818 4000
Depreciation 330
Printing, photocopying and advert. 315 160
Miscellaneous 50 121
Audit/Independent Examination Fee 100 100
______ 4283 ______ 4711
General Grants made 6537 6188
______ 77655 ______ 74025
Daphne Swatman Mission Westgate Coffee Stop (formerly
Café at Westgate)
Westgate Community Café
The Den/Lighthouse
Family worker 7969
Equipment for outreach
Printing and publicity
Other outreach expenditure 721 985
______ 721 ______ 8954
----------- -----------
Total 78376 82979
====== =====

14

Note 4(c) St Peter's Church Income of restricted funds

Note 4(c) St Peter's Church
Income of restricted funds
2022 2021
Income and endowments
Donations and legacies
Fund Description of Income
Fabric Donations
______ 0 ______ 0
Little Fishes Donations & subscriptions 60 14
Love Gift Donations 300
Mission Collections and monthly giving 8945 8081
People in Immediate Need Donations
Social & Fellowship Donations & subscriptions 550
----------- ------------
Total 9005 8945
====== =======
Income from Investments
Fund Description of Income
Fabric Interest 1074 1575
----------- -----------
Total 1074 1575
===== =====
Note 4(d) St Peter's Church
Expenditure of restricted funds
2022 2021
Expenditure on raising Funds
Fund Description of Expenditure
Mission Expenditure 6 0
--------- --------
Expenditure on Charitable activities
Fund Description of Expenditure
Fabric Building Extension 1097 2026
Fabric improvements 631 7270
Insurance 1014 980
Maintenance 1910 411
Miscellaneous 114 63
______ 4766 ______ 10750
Little Fishes Expenditure of Toddlers 111
Love Gift Support given 779
Mission Grants made 8939 8081
People in Immediate Need Support given 100
Social & Fellowship Social expenditure 554
--------- --------
13916 20164
===== =====
Note 5 St Peter's Church
Details of Fund Balances at end of year
Fund Balances 2022 2021
£ £
Unrestricted Funds General Fund 23585 21456
Daphne Swatman Mission 19052 19274
--------- -----------
42637 40730
===== ======
Restricted Funds Fabric 293424 297116
Surplus on Fabric portfolio 50971 66108
Little Fishes (Toddler Group) 311 362
Love Gift 2846 2246
Mission 0 0
People in Immediate Need 4550 4050
Social & Fellowship 1705 1705
--------- -----------
353807 371587
===== =====

15

Note 6 Thomas Clarkson Centre Details of income and expenditure

Destination

Note THOMAS CLARKSON CENTRE

For the year ended 31 December 2022

2022 2022 2022 2021 2021 2021
£ £ £ £
General Fund
Income
6(a) Covid-19 grants 404 650
Local Authority Grant 1500
6(b) Donations 100
6(c) Hiring income 27025 26408
6(d) Bank interest 18 1
______ 29047 _____ 27059
Expenditure
Cleaning 6363 4996
Gas 2423 984
Electricity 1677 405
Refuse Collection 503 592
Water Rates 710 467
Insurance 766 720
Maintenance & Fittings 2712 3268
Building works 10593
Internet 494 494
Sundry expenditure 82 8
Administration of bookings 8000 7000
Parish Share paid to Diocese 12000 13000
6(e) ______ (35730) _____ (42527)
Governance costs
6(f) Independent Examination expenses (0) (0)
_ _
Surplus/(deficit) for year (6683) (15468)
6(g) Balance b/f 618258 633726
--------- ----------
6(h) Balance c/f 611575 618258
====== ======

16

Notes to the Financial Statements (continued)

For the year ended 31 December 2022

7 Staff costs 2022 2021
£ £
Thomas
St Mary's St Peter's Clarkson Parish Parish
Centre
Wages, salaries and social security 41338 3600 13274 58212 57597

During the year the PCC employed at St Mary's a Director of Music, an assistant organist, a choir leader, two parish administrators, a caretaker and a cleaner. The PCC also employed a cleaner at the Thomas Clarkson Centre. A family worker was appointed during 2017 at St Peter's on a fixed term contract to be financed from the Daphne Swatman bequest and came to an end during 2021. The parish administrators' roles were reorganised during 2021 on the basis of two part time jobs and were employed partly on work related to St Mary's, St Peter's and the Thomas Clarkson Centre.

All employees earned below £60,000 pa. All employees were employed part time.

The average number of full time equivalent employees for the year for the Parish was 4.

Costs reported in this note were as reduced by £ nil (2021 £9,216) claimed under the HMRC Coronavirus Job Retention Scheme

Employers' National Insurance costs amounting to £ nil (2021 £964) were included in the costs reported in this note.

Employers' occupational pension costs under a defined contribution scheme with NEST amounted to £2,143 (2021 £2,815).

The salaries paid in the year to PCC employees who were also members of PCC or close family of such members were as follows: Administrator including Events Management Mrs J Crofts £20,467.

The salaries of the Administrators are set by St Mary's Finance Committee. Mrs J Crofts is not a member of that committee. The salaries are endorsed by the PCC. Mrs J Crofts disqualifies herself from consideration by the PCC of her salary.

Four members of the PCC were reimbursed travelling, telephone and other expenses totalling £832.

8 Investment Income

The gross investment income arising from each class of investment is disclosed as follows.

2022 2021
£ £
Thomas
Clarkson
St Mary's
St Peter's		 Parish Parish
Centre
Income from investments listed on a
recognised stock exchange and from ones
valued by reference to such investments 21167 21167 20507
Other investments - cash deposits 1271
1264
18		 2553 1865
__ __ ______ _____
22438
1264
18		 23720 22372
===== ===== =====
 ====== =====
9 Transfers between Funds
Funds affected Reason for transfer
St Mary's 2022 2021
£ £
From Bells Fund to General Fund Dormant Bells Fund merged with General Fund 5800
To General Fund from Bells Fund Dormant Bells Fund merged with General Fund (5800)
From Fabric Fund to General Fund Insurance/alarm on Fabric met by Fabric Fund 5983 5812
To General Fund from Fabric Fund Insurance/alarm on Fabric met by Fabric Fund (5983) (5812)
From Family Worship Fund to General Fund Dormant Family Fund merged with General Fund 155
To General Fund from Family Worship Fund Dormant Family Fund merged with General Fund (155)
To Sound Fund from General Fund Maintenance and operation of sound system 1500
From General Fund to Sound Fund Maintenance and operation of sound system (1500)
To Social & Fellowship Fund from General Fund Support for Social & Fellowship activities 500
From General Fund to Social & Fellowship Fund Support for Social & Fellowship activities (500)
From Friends of St Mary's Fund to Fabric Fund Dormant Friends Fund merged with Fabric Fund 5756
To Fabric Fund from Friends of St Mary's Fund Dormant Friends Fund merged with Fabric Fund (5756)
From Projects Fund to General Fund Donations restricted to paying Staff wages 4950 4785
To General Fund from Projects Fund Donations restricted to paying Staff wages (4950) (4785)
To Clergy Housing Fund from General Fund Creation of designated fund to maintain housing 800 800
From General Fund to Clergy Housing Fund Creation of designated fund to maintain housing (800) (800)
To Flower Fund from General Fund Support given to Flower Fund for flowers in church 500
From General Fund to Flower Fund Support given to Flower Fund for flowers in church (500)
From Mission Development Fund to General Fund Investment income used to support General Fund 3289 3111
To General Fund from Mission Development Fund Investment income used to support General Fund (3289) (3111)
From Mission Development Fund to General Fund Previous years' income to support General Fund 29939
To General Fund from Mission Development Fund Previous years' income to support General Fund (29939)
To Fabric Fund from M J Walker Hymn Fund Dormant Fund merged with Fabric Fund 542
From M J Walker Hymn Fund to Fabric Fund Dormant Fund merged with Fabric Fund (542)
__ ______
Total Transfers 0 0
======= =======
St Peter's 2022 2021
£ £
From General Fund to Love Gift Fund Tithed giving to support Love Gift Fund 600 600
To Love Gift Fund from General Fund Tithed giving to support Love Gift Fund (600) (600)
From General Fund to People in Immediate Need Tithed giving for People in Immediate Need Fund 600 600
To People in Immediate Need from General Fund Tithed giving for People in Immediate Need Fund (600) (600)
__ ______
0 0
======= =======

Thomas Clarkson Centre

There were no transfers between funds of the Thomas Clarkson Centre or from or to those funds involving other Parish Funds in 2021 or in 2022.

17

Notes to the Financial Statements (continued)

For the year ended 31 December 2022

10 Fixed assets for use by PCC 10 Fixed assets for use by PCC St Mary's
£
General
Office
Equipment		 Projector Audio Visual
Equipment		 Copier Total
Cost At 31 December 2021 1767 6695 0 2645 11107
Additions 0
Disposals 0
Cost At 31 December 2022 1767 6695 0 2645 11107
==== ==== ==== ==== ====
Accumulated depreciation At 31 December 2021 1767 6695 0 2645 11107
Charge for year 0 0
Depreciation on disposals 0
Accumulated depreciation At 31 December 2022 1767 6695 0 2645 11107
==== ==== ==== ==== ====
Net Book Value At 31 December 2022 0 0 0 0 0
==== ==== ==== ==== ====
Net Book Value At 31 December 2021 0 0 0 0 0
==== ==== ==== ==== ====
St Peter's
£
Chairs Audio Visual
Equipment		 Copier Total
Cost At 31 December 2021 9419 0 1323 10742
Additions 0
Disposals 0
Cost At 31 December 2022 9419 0 1323 10742
==== ==== ==== ====
Accumulated depreciation At 31 December 2021 9419 0 1323 10742
Charge for year 0 0
Depreciation on disposals 0
Accumulated depreciation At 31 December 2022 9419 0 1323 10742
==== ==== ==== ====
Net Book Value At 31 December 2022 0 0 0 0
==== ==== ==== ====
Net Book Value At 31 December 2021 0 0 0 0
==== ==== ==== ====
Thomas Clarkson Centre
£
2022 2021
Property at valuation At 31 December 2012 & 2013 250000 250000
Expenditure of Development to 31 December 2009 21776 21776
Expenditure of Development Y/E 31 December 2010 104934 104934
Expenditure of Development Y/E 31 December 2011 185375 185375
Expenditure of Development Y/E 31 December 2012 7714 7714
Expenditure of Development Y/E 31 December 2013 3800 3800
______ ______
Valuation and development expenditure at end of year 573599 573599
======= ======

The Clarkson Centre has been included at a valuation as at 31 December 2005 together with expenditure on work on the extension to the Centre. The valuation was carried out by Tony Redman, MA, BSc, FRICS, IHBC. His qualification to carry out this valuation is as a partner in the firm of Whitworth Co-Partnership, Chartered Architects and Surveyors.

The basis of valuation is to value the PCC's freehold interest in the School Unit, car park and orchard at Hospital Road Bury St Edmunds on a "value in use" basis. The valuation excludes the consecrated ground and the structure of St Peter's Church. It recognises that the use of the site is limited to any ecclesiastical purpose affecting the parish and any purposes in connection with educational schemes for providing facilities for the spiritual moral and physical training of persons residing in or near the parish. The title to the site is held as custodian trustee by the Diocesan Board of Finance.

There are no surviving records of the historical cost of this site.

It was not valued prior to 2005, since, under SORP 1995, it has been excluded from the Balance Sheet by reason of its having been regarded as an "historic asset".

Depreciation has not been charged in respect of the Thomas Clarkson Centre. This is in the context of the potential depreciation charge and the accumulated depreciation not being material because the estimated residual value of the asset is not materially different from the carrying amount of the asset. The asset has been subject to an impairment review. That review has concluded that the net realisable value is not lower than the net book value.

18

Notes to the Financial Statements (continued)

For the year ended 31 December 2022

11 Investments - fixed assets
St Mary's 2022 2021
£
 £
Endowments at market value 48336 54785
General Fund assets
- Central Board of Finance at market value (cost £1406; 2021 £1406) 29050 32925
Chancel Repair assets at market value
- St Edmundsbury and Ipswich DBF 10724 10482
Rae portfolio at market value
- Central Board of Finance Investment Fund (cost £101503; 2021 £101503) 197496 223846
__ __
285606 322038
======= =======
Croasdale and Fabric Committee portfolios at market value
- Central Board of Finance Investment Fund (cost £15453; 2021 £15453) 28942 32803
Mission Development portfolio at market value
- Central Board of Finance Fixed Interest Fund (cost £9447; 2021 £9447) 7666 8854
- Central Board of Finance Investment Fund (cost £54764; 2021 £54764) 95794 108575
Porter portfolio at market value
- CBF Investment Fund (cost £71487; 2021 £71487) 90113 102136
______ ______
222515 252368
======= =======
St Mary's: for Fabric Fund
Fursland CBF portfolio (original value £163,996; 2021 £163,996) 219647 248953
______ ______
219647 248953
===== =====
12 Investments
St Peter's 2022 2021
£
 £
Fabric portfolio at market value
- Central Board of Finance Investment Fund (cost £100,000; 2021 £100,000) 150971 166108
===== =====

13 Debtors

13 Debtors
St Mary's St Peter's Thomas
Clarkson		 Parish Parish
Centre 2021
Tax recoverable:
restricted funds 588 588 660
unrestricted funds 0
Restricted funds 1171 1171
Prepayments 375 375 394
Amounts due from other
parts of Parish 560 560 0
Other debtors 6416 165 6581 3043
______ _ _ ______ ______
9110 0 165 9275 4097
====== ======= ====== ====== ======
14 Current liabilities
St Mary's St Peter's Thomas
Clarkson		 Parish Parish
Centre 2021
Creditor restricted funds:
Mission collections 3224 1521 4745 2502
Fabric 56 56 1048
Other 1252 1252 0
Accruals & deferred income 17957 9519 27476 35608
Amounts due to other
parts of Parish 560 560 0
Other creditors 3861 203 4064 3826
______ _____ _____ ______ _____
25098 2976 10079 38153 42984
====== ===== ====== ====== =====

19

Notes to the Financial Statements (continued) For the year ended 31 December 2022

15 Loans

No loans received from outside the PCC were outstanding at any time in the period of these financial statements

16 Analysis of Net Assets by Fund
St Mary's Unrestricted Restricted Endowment Total Total
Funds Funds Funds 2021
£ £ £ £
Fixed asset investments
Endowments 48336 48336 54785
CBF Investments 29050 29050 32925
DBF Investments 10724 10724 10482
Rae portfolio 197496 197496 223846
Porter portfolio 90113 90113 102136
Tangible assets 0 0
Current asset investments
Croasdale & Fabric Committee 28942 28942 32803
CBF Mission Development portfolio 103460 103460 117429
Stock of guides, cards & books 1250 1250 967
Debtors & prepayments 7351 1759 9110 3019
CBF Deposit Fund balances 15187 64638 79825 79825
Bank balances & deposits 98418 80021 178439 218979
Creditors (21818) (3280) (25098) (21330)
_ _ ______ __ __
232898 470413 48336 751647 855866
Current asset investment
For St Mary Fabric Fund
Reginald Fursland portfolio
CBF Investment Fund 219647 219647 248953
CBF Deposit Fund balances 211 211 211
_ _ ______ __ __
232898 690271 48336 971505 1105030
======= ======= ====== ======= =======
St Peter's Unrestricted Restricted Total Total
Funds Funds 2021
£ £ £ £
Tangible Assets 0 0
Bank balances & deposits 42840 205609 248449 247190
CBF Investments 150971 150971 166108
Debtors & prepayments 0 0
Creditors (203) (2773) (2976) (981)
_ _ __ __
42637 353807 396444 412317
======= ======= ======= =======
Thomas Clarkson Centre Unrestricted Restricted Total Total
Funds Funds 2021
£ £ £ £
Property 250000 250000 250000
Expenditure on development 323599 323599 323599
Bank balances & deposits 47890 47890 64254
Debtors & prepayments 165 165 1078
Creditors (10079) (10079) (20673)
_ _ __ __
611575 0 611575 618258
======= ======= ======= =======

20

Notes to the Financial Statements (continued)

For the year ended 31 December 2022

17 Fund details
St Mary's
The unrestricted funds were designated as follows :
General furtherance of the mission of St Mary's
Surplus on CBF shares surplus on General Fund investment therefore available to supplement General Fund
Bells maintenance and refurbishment of the bells; dormant after 2011; balance transferred to
General Fund in 2021
Clergy Housing Fund fund to finance maintenance of Clergy Housing for areas not maintained by Diocese
Family Worship mission work associated with the Family Worship service; dormant after 2010; balance
transferred to General Fund in 2021
Heritage mission associated with the historic heritage of St Mary's; dormant
Mission Development financing of projects to advance the mission of St Mary's
Surplus on Mission surplus on Mission Development Fund investments therefore available to supplement
Development portfolio Mission Development Fund
Social & Fellowship internal and external mission
Sound maintenance and refurbishment of sound system
Tiddlywinks/Happy Hands work with young children & parents
The restricted funds consist of: The restricted funds consist of:
Choir Association to maintain and develop St Mary's Choir
Fabric Fund to maintain and improve the Church fabric
Flowers provision of flowers and floral displays
Friends of St Mary's financing of projects primarily associated with the fabric of St Mary's; dormant after 2017;
balance transferred to Fabric Fund in 2021
MJ Walker Hymn Fund Donations arising from the use of the hymn written by the late Michael Walker; dormant
after 2019; balance transferred to Fabric Fund in 2021
Mission Fund collections on behalf of other church societies & secular charities
Organ Fund to renovate and improve the Church organ
Phoenix Folk Group Fund to bring music to the wider community
Projects Fund Projects to improve the environment for worship within St Mary's
Surplus on Fursland portfolio Surplus on investments held from 2011 for Fabric Fund therefore available to
supplement Fabric Fund
Surplus on Porter portfolio Surplus on Fabric Fund investments therefore available to supplement Fabric Fund
Surplus on Rae portfolio Surplus on Fabric Fund investments therefore available to supplement Fabric Fund
Surplus on DBF deposit to maintain and improve the Church fabric particularly the Chancel
Surplus on Croasdale
bequest & fabric stocks Surplus on Fabric Fund investments therefore available to supplement Fabric Fund

The endowment funds consist of :

Name Value (£) Valuation Date Endowment in favour of
Sayer bequest 29442 31/12/2022 Fabric
Plumpton bequest 8967 31/12/2022 Organ
Raingate Street charity 3595 31/12/2022 General/Mission Development
Chancel Repair Fund 5062 31/12/2022 Fabric/insurance
J Sutton 382 31/12/2022 General
St Mary's Estate 661 31/12/2022 General
Lady Rivers Charity 227 31/12/2022 General

Though St Mary's receives the income on the Sayer Bequest, Plumpton bequest and Raingate Street Charity, and is entitled to the income on the Chancel repair fund, the capital is held by the Diocesan Board of Finance, as custodian trustee who hold the capital in the form of shares in the Central Board of Finance Investment Fund. St Mary's PCC holds the capital of the J Sutton, St Mary's Estate and Lady Rivers Charity in the form of shares in COIF Charities Investment Fund, shares in the CBF Investment Fund and shares in the CBF Investment Fund respectively. These are all permanent endowments which the PCC is not permitted to realise.

21

Notes to the Financial Statements (continued)

For the year ended 31 December 2022

17 Fund details (Continued) St Peter's

The unrestricted fund consists of : General furtherance of the mission of St Peter's Daphne Swatman Mission Fund bequests and donations for the development of mission This fund was characterised prior to 2013 as a Restricted Fund In 2016 this fund was renamed and absorbed the balance of the formerly named Mission Development Fund

The restricted funds consist of: Little Fishes (Toddler Group) work with young children & parents Love Gift Fund giving a gift that is not urgent or essential but an expression of God’s love, expressed through His church Mission Fund collections on behalf of other church societies & secular charities Fabric Fund to maintain, reorder and improve the Church fabric In 2016 this fund was renamed and absorbed the balance of the formerly named Reordering Fund Surplus on Fabric portfolio Surplus on Fabric Fund investments therefore available to supplement Fabric Fund People in Immediate Need giving relief to people in immediate need Social & Fellowship internal and external mission

Thomas Clarkson Centre

The unrestricted fund consists of: General letting and investment income and running costs The restricted fund consists of: Appeal for equipment Special appeal for equipment and expenditure on that equipment

18 Bequests

The total bequests and donations in memoriam for the year were as follows

2022 2021
£ £
St Mary's St Peter's Parish Parish
Restricted and Designated Funds
including Fabric Fund
Shirley Spencer 1000 1000
Dennis Newton 1000
Unrestricted Funds
Sheila Gertrude Bennett 3000 3000
_ _ ______ _
4000 0 4000 1000
======= ======= ====== ======

19 Grants made and collections paid to others

The following grants were made to other organisations and individuals

2022 2021
£ £
St Mary's
from restricted funds 5159 3098
from unrestricted funds 11838 13407
---------- ----------
total 16997 16505
===== =====
St Peter's
from restricted funds 8939 8081
from unrestricted funds 6537 6188
---------- ----------
total 15476 14269
===== =====
Parish total 32473 30774
===== =====

22

Notes to the Financial Statements (continued)

For the year ended 31 December 2022

19 Grants made and collections paid to others (Continued)

The recipients of these grants were as follows:

2022 2021
St Mary's St Peter's Parish Parish
£ £
A2B (Aid to Balkans) 1200 1200 1268
BCY 692 1200 1892 1798
Bury Drop In Centre 692 692 635
Bury Town Pastors 692 1200 1892 1423
Children's Society 0 0
CAP (Christians Against Poverty) 1200 1200 0
Churches Together 60 60 120 120
Covid-19 Appeal 0 0
Dignity Freedom Network 798 798 1623
DOXA 0 1333
Embrace the Middle East 0 0
Ethiopia Appeal 252 252 33
Family & Community Network 0 0
Global Hope 798 798 1109
Leprosy Mission 275 275 439
Montgomery Heights 1119 1119 1998
Open Doors 1054 1054 1221
Pakistan Flood appeal 343 343
Rattlesden Refugee Support 62 62
RAF Benevolent Fund 0 230
Royal British Legion 839 25 864 641
St George's Day 340 340
SIM/Fifields 6530 6530 6540
SIM/How will they Hear/Greece 1400 1400 1303
Simeon/Hyndman Trustees 0 176
Sporting 87 764 764 595
Storehouse 170 8939 9109 7257
Tanzania Church Partnership Association 0 0
Tearfund 842 842 1028
Ukraine Appeals 927 927
Water for Africa 0 4
Other 0 0
--------- --------- --------- ---------
16997 15476 32473 30774
====== ===== ====== ======

23

Notes to the Financial Statements (continued)

For the year ended 31 December 2022

20 Restatements made to 2021 financial statements

No restatements were made to the statutory financial statements statements.

21 PCC responsibilities for repair

No general provision has been made in the accounts for liabilities to maintain the Church buildings.

The latest quinquennial inspection of St Mary's identified work expected to cost about £40,000. This work is expected to be carried out in the first four months of 2023. Plans are under consideration to upgrade the audio visual system at a cost of approximately £40,000. Of that amount £20,000 has been charged in 2022 and the balance is expected to be incurred in 2023 and to be funded from Mission Development Fund.

A quinquennial inspection of St Peter's church was carried out in March 2022. Two sections were identified as needing remedial works and repairs at estimated costs of £4,000 for general repair work and £9,500 for repairs to stonework. Some of the general repair works have been carried out by church members. Stonework repairs are planned for late Spring 2023.

A revised scheme for the proposed extension to the main building has been put forward and gained initial support gain Local Authority approval.

Work was completed in 2013 on a major scheme affecting the structure of the Thomas Clarkson Centre. Further refurbishment and security work was carried out in 2019. Further refurbishment is expected in future years dependent on available resources.

22 Material transactions with members of the PCC

Other than the remuneration and benefits referred to in note 7 above, there have been no material transactions undertaken in the name of or on behalf of the PCC in which any person connected with the PCC has a material interest. The total income donated by members of the PCC amounted to £38,020. This amount does not include recurrent recoveries of tax under the Gift Aid provisions, which are estimated to amount to £9,505 .

23 Remuneration of auditor/independent examiner

Robin Jackson, director of Churchgate Accountants, Bury St Edmunds has acted as independent examiner of the 2021 financial statements.

These statements contain a cost of £200 in respect of Independent Examination of the 2021 financial statements and report and a provision of £200 in respect of Independent Examination for 2022. In both cases the £200 was the net cost to the PCC; that net cost was made up of a charge of £1,200, reduced by a donation of £1,000 to the PCC by the Independent Examiner.

No fees were paid to the Independent Examiner in respect of any other services rendered to the PCC.

24 Insurance of buildings

The insurance cover of the buildings and contents at January 2022 were as follows : St Mary's Church £36,400,000, St Peter's Church £5,910,000 and Thomas Clarkson Centre £2,960,000.

The valuations were based on surveys carried out in 2014 and include improvement work at the Thomas Clarkson Centre. Insurance cover is 100% of the valuations of St Mary's, St Peter's and the Thomas Clarkson Centre.

24

Independent Examiner's Report to the trustees of St Mary's with St Peterfs Parochial Church Council I report on the accounts of St Marfs with St Peterfs Parochial Church Council for the year ended 31 December 2022. which are set out on pages I to 24. This report is made 501ely to the trustees. as a body. in accordance with the General Directions given by the Charity Commission. My work has been undertaken 50 that I might state to the charity'5 trustees those matters l am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a bodyi for my work. for thi5 report. or for the opinions I have formed. Respective responsibilities of the trustees and examiner The chariVs trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144 of the Charitie5 Act 2011 (the Charities Act) and that an independent examination is needed. The tharivs gr055 income exceeded £250.000 and l am qualified to undertake the examination by being a qualified member of the ICAEW. It is my responsibility to: examine the accounts under Section 145 of the Charities Act,. follow the procedures laid down in the General Directions given by the Charity Commission under section 14515llbl of the Charities Art,. and to State whether particular matters have come to my attention. B35is of independent examlnerfs rèport 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 charity and comparison of the ccounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from you as trustees concemirbg any such matters. The protedure5 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 fairf view and the report Is limited to those matters set out in the statement below. Independent examlner's statement In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respett: the accounting records were not kept in accordance with section 130 of the Charities Act,. or the accounts did not accord with the accounting records- or the accounts did 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 gwe a 'true and fairf view which is not a matter considered as part of an independent examination. I have come acr055 no other matters in connectton 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. Signed Date okr. IIEk ZcZ8 Robin Jackson FCA Chartered Accountant Churchgate Accountants Limited Langton Place 8ury St Edmunds