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:
- Public worship in two churches, using a variety of styles to reach a wide range of people (contemporary worship, choral Morning Prayer and Holy Communion, Book of Common Prayer). This diversity of worship styles is very unusual in a Church of England parish and is a major strength. Public prayer and worship take place every day. Online live Daily Prayer takes place five days a week and a commi�ed group of people have engaged with this throughout the year.
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_Annual Report for the year ending 31 December 2022_
- Pastoral care and support. St Mary’s is a popular church for weddings, and the number of weddings in 2022 was substan�ally higher than in the two years prior to the pandemic. We con�nued to support bereaved families through funeral ministry, and in 2022, we were able to host a Town Memorial Service in St Mary’s for the first �me since 2019. A smaller Parish Memorial Service took place in St Peter’s towards the end of the year. Bap�sms took place in both churches.
- Opportuni�es to explore the Chris�an faith and to deepen personal discipleship with the encouragement of other Chris�ans. Both churches have strong small groups for Bible study and prayer and most of these returned to mee�ng in person by the end of the year. An Alpha course was held in the autumn, and a very well-supported Advent course took place on the four Mondays of Advent.
- St Marys’ Church is open seven days a week in normal circumstances and receives a large number of visitors. The historic Grade 1 listed building is a major a�rac�on.
- St Mary’s Church is the civic church of Bury St Edmunds and welcomes a large number of people to services of widespread local importance. We see this as a vital way of posi�vely rela�ng to many people who do not regularly worship and to promote the welfare of Bury St Edmunds. The vicar works with many local organisa�ons to support their work and to witness to the concern of God for the wider world.
- The PCC owns the Thomas Clarkson Centre (formerly the Hyndman Centre), a former school, next to St Peter’s Church in Hospital Road. The Centre is a major community resource for Bury St Edmunds and its extensive facili�es are in use throughout the week. During 2022, a number of our hirers returned to the Centre for the first �me since the Covid-19 outbreak, and bookings gradually increased throughout the year, although remaining lower than pre-pandemic.
- Bury St Edmunds has well-established ecumenical networks and the parish fully par�cipates in these. Ecumenical ini�a�ves such as Bury Drop In, Bury Town Pastors, Spor�ng ’87 and Bury Chris�an Youth are supported by the parish and its regular worshippers.
- The PCC supports a large number of mission and charity partners, through the two
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.
* _year. The figures in brackets are based on the average a�endance for the year in 2021._
**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:
- Enabling both main Sunday congrega�ons to thrive in their own dis�nc�ve direc�ons, with a high quality of music and teaching. To ensure the contemporary worship and the choral excellence of the church con�nues to thrive and enable us to worship God faithfully.
- Focussing on mission and ministry to young people, through Sunday children's discipleship and occasional events (such as Road to Christmas and Road to Easter).
- Growing all of the congrega�ons in number and in depth, through preaching, invita�onal services, Alpha, home groups, and encouraging Chris�ans to be more open about their faith to those around them.
15
##
##
##
##
##
|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
Investm15
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 ppaYMentS
Cash al bank and in hand
12
9110
258475
165
9275
554814
3019
29gJ15
1078
64254
4097
e10459
248449
47
24719)
CURRENT UILmE8
critOrS
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
Eroont
Restricted
Unresirfcied
54785
7616
54785
1132403
948417
271
1044078
887110
371587
407>)
611575
618258
TOT FUNDS
971505
6115P5
1979524
1105030
412317
618258
2135605
Th15 baLe sheei rums part d ¥c{xmtsarvd 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:
- select suitable accounting policies and then apply them consistently;
- ▪ make judgments and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- ▪ prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
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:
- there is no relevant audit information of which the charity's independent examiners are unaware; and
- the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant information and to establish that the independent examiners are aware of that information.
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