PAROCHIAL CHURCH COUNCIL OF MICHAEL AND ALL ANGEIS WITH ST JAMES CROYDON TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Registered Ch*rity number 1134764
PAROCHIAL CHURCH COUNCIL OF ST MICHAEL AND ALL ANGELS WITH ST JAMES CROYDON REFERENCE AND ADMINtsrRATION DETAILS FOR THE YEAR ENDED 31 DECEMBER 2022 The Par(Khial Church Council of St Michael and All Angels wilh Si James is a chariiy registered wilh ihe Charity Commission. However. the Church of England r¢thins its governing siaius and custodial role. The parish is Situed ift West Croydon: it is pan of the Diocese of Souihwark wiihin ihe Church of England. The correstK)ndence address is Poplar Walk. Cmydon, CRO IUA. Members of the Pari*hial Church Council are the charity Inee5. They a eiiher ex 01¢10 or elecied by the Annua] Parochial Church Meeiing in accordance wilh ihe Church Represeniaiion Rules. The mjstees ai ihe dale of ihis repon as follows.. Ex ofFI¢io- R¢ver¢Dd Canon Timoihy Pike Ilncumbenil Reverend Fr Nigel Palmer {Assisiani Curaie) Joseph Goswell {Churchwarden) Alan Rose IChurchwaiden}- from 21 June 2022 Anihony Adeloye {Deanery Syn(Kl Rcpresenlative) Brian Cowland (Deanery Syn(Ml Representative) Elec(ed.. Karen Aisihoq Ben Asanie- from 29 May 2022 Linda Audiberi-Maloney- (tom 2P May 2022 Philip Bignell Helen Bonorchis Anne Fleming Chris Ho(NJ Gloria Renner-Thom&4 David Wyaii In addition Ihe followiftg persons were ex officio= Reverend Fr Luke D¢¢1 (Assisiani Curaie) uniil 29 Augusi 2022 and Philip Bignell (Churchwarden) until 21 June 2022. and the following were elected . Margaret Frame and Simon Jones Ulllil 29 May 2022. and Alan Rose was elected until cOMIng Churchwarden. Registered Addrtss: The Church of Si Michael and All Angels Poplar Walk. Croydon CRO IUA Charity Number: 1134764 Independent Ex4min Adam Ha15¢y FCA DChA Haysmaehniyre LLP. 10 Queen Sireei Place, London. EC4R I AG Bankers National Wcsittliner BaThk pl 40 Whitgift Centre. Croydon CR9 IQB
PAROCHIAL CHURCH COUNCIL OF ST MICHAEL AND ALL ANGELS WITH ST JAMFS CROYDON TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 Th¢ TTU51ee5 have plcasure in preseniing ih¢ir reith together wilh ihe financial s(at¢ment5 Of the charity for the yeaT ¢nd¢d 11 Decetnbei 2022. The finan¢ial Statements have en prepared in accordance wi(h ihe Chariiies ACL 2011 and the Siaiemen( of RQmmended Practice 'Accoun(ing aThd Reyrting by Charities. SORP 2015 (FRS 102). AIMS AND PURPOSLS The Parochial Church Council {PCC) of S( Michael and All Angels with St James, Croydon. has Ih¢ responsibility of ctM)perating with the incumbeni. Ihe Reverend Canon Tittho(hy Pike, in Promoiing in th¢ ecclesiasiical parish. (he whole mission of ihe chur¢h. pa510ral. evangelisiic. social and e¢um¢nical. The PCC is Iso specifically responsible for the mainienance of the church of St Michael and All Angels and 115 adjaceni hall. The parish is affiliated to The S(xieiy under the Patronage of Si Wilfrid and St Hilda. The PCC has pa5%d a resolution in accordance with the H(Ktse of Bishops, Declaraiion on lh¢ ministry of bishop5 and pri¢sls. 4rMI ihe parish is under the pasiornl car¢ of the Bishop of Fulham. OBJECTIVFS AND ACTIVITIES The PCC is cornmitted to enablirtg as many people as tible to Worship ai our church and 10 become pari of our parish community. The PCC mainiains an overview of worship. Mass is celebraied daily and wilh traditional 501emnity on Sundays and othcr significani days in the liiurgical ¢alend8r. Vhen planning activities. the Ifc has considered ihe Charhty Commission's guidance on public ben¢fLi and. in particular. the 5uppletncntary guidance on chariiies for the advanc¢meni of religion. We io enable people io live oui iheir faiih as part of oui parish communiiy through.. Worship and prayer; learning aknui the Gospel- and dev¢lopin8 their knowledge of and tru51 in Je5U5 Chris(. Provision of pamoral car¢ for p¢ople living in ihe parish. MissionaTy and ouireach WLKk. To facilitate ihis work. it is importani Ihai w¢ rnainlain the fabric of the church and hall and keep the church opeTr as much as Sible. The KC complei¢ly ¢ndor5es the operation of the Pasioral Assisiant schetne which, funded by gTanis received. helps in fulfilling th¢5¢ objec(ive5. ACHIEVEMENTS AND PERFORMANCE The PCC monitors the performance of the church in meeting tis objeciives by regularly reeeivin8 and reviewing reporis by ihe incumbeni and oiher church officers. The PCC mei on four CasIonS in 2022.
PAROCHIAL CHURCH COUNCIL OF ST MICHAEL AND ALL ANGEIS wmi ST JAMLS CROYDON TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 Introductory Remarks The source and summit o( all Christian life in the parish is the Eucharist and we are pleased io report thai during 222 Mass was celebraied every day. In addiiion io the round of daily worship many other events occurred. Special Services and Events in Churth An Epiphany Carol Service was held and ihe Bishop of Croydon Ol¢Led Trinily S¢hool h¢ld regular services of Evensong & Benediciion and a concert The riles of Holy Week and Easier were celebrated in full The Ordinaiion io ihe Priesihood and Firsi Mass of Fr Luke Demetri look place A rich pro8ramTne of Orgaft Recitals t(K)k place Quinqu¢nni31 Insp¢clion of the Church was conducted by Suzi Pendlebury and a reporl produced Requiem Masses were offered for Ihe soul of Her laie Majesiy Queen Elizabe4h11 The Paironal Fesiival was celebraied and Ihere was a drinks reccpiion afier the High Mass There was art Advent Carol Service There was a Christma5 Carol Service JoshuJ Ryan gave a Teciial of La N1V11é du Seign¢ur Chrisimas Masses were well aiiended Engagement with the Wider Church We participated in Ihe Children's Pilgrimage (o Walsingham The Archbishop of JeTusalcm & The Middle Fast gave a lecture which was well attended The Bishop of Fulham celebrated Mass and gave a lunch for his clergy in Souihwark DitKese Fr Mikhail Evelson, an Onhfylox Monk from the Abbey of Cheveiogne, visiied ihe parish Bishop Peier Wheailey held a party 10 celebrate his 751h birthday The Bishop of Fulham attended and gave a talk 10 the Central Croydon Deanery Chapter There was a weekend pilgrimage io Walsingham We welcomed visiiing preachers, including Hugh Bishop. who stKyke aix)ui his forthcoming mission io Malawi Fr Emmanuel Adeloye. who FY¢ach¢d 31 ihe Solemn Mass on All Sainr5' Day Bishop Peier Wheailey, who prea¢hed ihe Feasi of ChTi5t the King Liz Bridge. who spoke alx)ui her work as I>Laker Chaplain ai HMP WaThd5WOrth Ruth Martin. DiiKe5an Secretary. who preaclked on Adyenl 11 Fr Michacl Dixon. our forrner Pastoral Assisiant. who preached on Adveni 111
PAROCHIAL CHURCH COUNCIL OF ST MICHAEL AND ALL ANGELS WITH ST JAMES CROYDON TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 Engagement with the Wider Chutrh {contiDued) We held Special Collections for the Province of JenleM & Ihe Middle East The Fulham and Southwark Bishop's Discretionary Funds Hugh Bishop's mission io Malawi Warni hals for Pn"soners in Wandsworth Pn"son Teaehing the Christian Faith A hornily on the Scripture readings was preached at Mas5 every day in 2022 Two four-week Caiechesis Sessions were held on Si Paul and Adveni People The Parish participaied in the filming of ihe Bishop of Fulham's Staiions of ihe Cross Parishioners attended a leciure on the Psalms at Si Paul'5 Cathedral Social Oceaslorts A garden party was held io celebraie the Queen'5 Pl*inum Jubilee Drinks recepiions weTe held afier Fr Luke's Ordinaiion and Firsi Mass A drinks recepiion was held after the Solemn Mass for the Patronal Festival A ParL5h Day Trip to Winchester Cathedral and Christmas Markel was very popular A parLy was held afier the Adveni Carol Service io ihank the choir for their laiK)urs treach to the wider community We began a weekly Warm Wekome Dropln which has Ixen very happy and successful We held a successful Carol Service in the Church for ihe siaff and users of Croydon M¢ncap Eneournging Vocations Our P&storal As5Lsiani Joe Grogan wa5 recomrnended io irain for Ordination and begarb his siudies ai ihe College of Ihe Re5urreclion. Mirfield Our Pastoral Assisiani Charles Bishop l¢fi io begin theology siudies ai ihe Universiiy of Durham James Banle. a siudeni from Cranmer Hall Duiham. undenook a sutllmer placemeni in ihe parish Three of our fom)ei paOral Assistanis Michael Dixon. Siephen Miller & Will Lyon Tuptnan were Ordained in ihe summer
PAROCHIAL CHURCH COUNCIL OF ST MICHAEL AND ALL ANGEIS WITH JAMES CROYDON TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 Encouraging VocatioLs (continued) Two Pasioral Assisiants Igan placements in the Parish in kpiember Colin Podmore from the CleaverTTUSi visii¢d the Payoral A55iStani Scheme Th¢ Bishop of Souihwark aiiended Evening Prayer and a dinner for five poieniial young wdinands Since 2016 there have been I I Pasioral Assisiants Si Michael's. Of Ihem three are now ordained- two are ai Iheological ¢olleg¢' Iwo ar¢ ITh other Chufch work. one is ai universiiy: Iwo are in siiu,. and one is in oiher employm¢ni. We are graie(uS io ihose who have funded Ihis work. Generous granis from ihe Number l Trust. the Cleaver TNsi and ihe Fellowship of Si John have enabled S( Michael's to offer our Pasiordl Assisiants high qualiiy minisierial experiences, comfortable accomm(¥J]ort and a happy cohori tsf peers io encourage one another. It has also been a pleasure for us all 10 have young colleague5 lo cnhance ihc life of our parish and Si Michael's has been very glad io make such a signifL¢ani contTibution lo Catholic prie511y vocalions for the wider Church in receni years. Some Statisties Here are our 2022 Easier and Christmas aiiendance and communieani numbers and statistlC5 for rnission. wilh 2021, 2020 and 2019 {ie pre-covid) figures fot cornparison. 2022 2021 2020 2019 Easter Communi¢ants EasierAii¢ndan¢¢ (Easier Wigil & Enster Da), MfJsses & Eveiisoiigj 13. 199 215 129 Aiiendance at Special Services in Adveni Chrisima5 Comlnunicanls Chrisim85 Aii¢ndan¢e 447 145 175 132 126 156 218 AveTage Sunday Atiendanc¢ in Ociottr Average October Weekday Service AiieDdance 105 92 145 94 170 115 162 Bapiisms Weddings Funerd15 in Chureh 10
PAROCHIAL CHURCH COUNCIL OF ST MICHAEL AND ALL ANGEIS wrrH ST JAMKS CROYIKPN TRUSTEFS, REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 Our Links with the Wider Church During 2022 Si Michael's has been pleased io participa* in the life of the Croydon Central Deanery, boih Ihrough the clergy chap(er and ihe tkanery Synod. li has been a pleasure 10 collaboraie wilh friends ai Croydon Minsier and Si Alban's South Norwood in devoiional xtiviiies and in trrnis of muiual support for the clergy. We have played an aciive part in ihe li(e of Ihe Diocese in various ways, noi leasi in paying our Parish Share in full and on lime. Frfim and Fr Nigel have atiended vatious events for Honoiary Canons in Souihwark Caihedral. In July 2022 Fr Nigel and Fr rim aLfided a three41ay Academic Conference. The De5ceirl of rlre Dove, Pusey House, Oxford. The $akerS and participants were drawn from a wide rartge of universities and differen( Chiistian denominaiiofts. During 2022, as well as inviiin8 visiiing preachers to Si Michael's. Ihe Parish Clergy have also undertaken various preachin8 engagemertis and provided Mass covei elsewhere in ihe wider Chuich. Our Parishioners In 2022 Joseph Goswell and Alan Rose. ourexcelleni Chuiehwardens. have served with gteai dedication and kindness. not leasi in carrying out (heir duly of care io (he clergy. We are trenndoUSlY grateful io them for iheir cheerful and generous commiimeni of lime and entY io ihe life and minisiry of our Parish. The Parish was very well served by many genen)vs Jwle who make ihe life of Ihe chutch hapn smooihly and well. We are very graieful io our PCC Tieasurer. our Ifc Secretary. our Parish Adminisirator, our Direcior of Music and 811 our musicians and our Sacriman and seTvets. We are exiremely graieful io Gloria Renner Thomas. whose calm and reliable dedicaiion io her imponani work as our Safeguarding orricer is very much 4)preciaied by everyone here ai Si Michael's and widely admired by our Diocesan Safeguarding colleaoues. We (hank ihem all for Iheir coniribuiion io ihe life of the church here ai Si Michael's and irusi ihai there will be even more oppor(uniiy for us all io work iOLteiher for Ihe olory of Gj and Ihe building up of ihe Church in ihe year ahead. We record our profound sorrow ai ihe deh in Ociober of our dear Parishioner, Jon Blanchard. Jon was Sltengihened at Ihe lasi by ihe riles of ihe Church. His funera] Mass in Church was exiremely beauiiful and we coniinue 10 pray lor Ihe repose of his soul. STRUCTURE. GOVERNANCEAND MANAGEMENT The Parochial Church Council oversees ihe life of ihe Parish in collaboraiion wilh ihe Incumbeni. Cleri¢al trustees are ex offi¢io' in cOrdanCe wilh Chur¢h R¢pr¢s¢ntaiion Rules. lay iTU51ees are ele¢ied ai lh¢ annual church m¢eungs. All ¢ligibl¢ church aii¢ndees are encouraged io regisieT on ihe ¢le¢ioral roll and Snd for eleciion 10 the PCC should th¢y so wish The Good Sh¢pherd Mission Hall Chariiy {GMSHC) 15 a separnie charity wilh separaie objects.
PAROCHIAL CHURCH COUNCIL OF ST MICHAEL AND ALL ANGELS WITH JAMFS CROYDON TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 RISK MANAGEMENT Th¢ PCC has a risk management swaiegy io keep under revicw and ideniify si8nificani risks the parish may face and io establish wheie possible. system5 and pr(xedures to mitigate them. The PCC is clear in fcKussing on ihe everyday application of safe and eihical praciices on the daily life of the parish. The operational risks cover Ihe fabric and ihe churchyard. &eess to buildings and conirol over various aselS Ihat Could cause harni io oPle and compromise the finaneial 5CCUrity of the church. The con¢inuing financial risks in 2021 in¢lth tertainlY with the commercial hirin8 of car park Spaces. and Ihe105s of sotne COTnmercial users of Ihe hall. However. the parish has sufficien( unresiricied reserves for the immediate future artd the (rusiees are confideni that a going concern b&sis is suiiable for Ihese ac¢ounis. FINANCIAL REVIEW AND RESERVES POLICY The financial siaiemenis show a deficii for ihe y¢ar on unrestticted lunds of £56,670 afteT depTxiation.12021 SUTpIu5 of £160.206). which has reduced the level of unrestricted [[ye5. The surplus in 2021 wa5 mainly due to ihe signiflcanl windfall receipi of £2W.IM)O by panicipation in the Wes( Croydon development. The PCC W15hes to thank the coniinuing generosiiy of parishioner5 keeping parochial receipis ai a level consistenl Wlth recent yeais. and a pleasing increase over ihe lasi ordinary yeat ptior to the pandemic. On expenditure the PCC car¢fully ensuTes all expendiiure is both ess¢niial WMI $1 value. The parish conlinues io receive subswiiial flnancial supp)rt from ihe dIe5¢ by rea50n of full time Siipendiary staff. the parish's coniribuiion 10 ihe diocesan parish supprt fund falling well short of Iheir costs. Th¢ net movemenl 011 testric*d funds was a defi¢ii ol£l1.04612021 deficii 01£ 14,201). The irusiees hav¢ a policy lo nltaIn ihe balance of Te5erves ai a level thai is sufficieni io piovide funding io coniinue op¢raiions for 31 Icast six months. The balance of unrestricted reserves. although subsianiialSy represenied by Lhe hall and car paik. do continue io provid¢ the parish with suffieicni working capiial io meei its respon5ibiliti¢s. Trustees tonsideT ihai Ihe curreni level of reserves are su1cleI to meei the obligaiions set oul above. The ITUSiees have a lIty 10 invesi surplus funds ID suiiable short ierm invesiments.. however. su¢h reiurns obiaiDable ihroughoui 2022 were exiremely disapwiniing. (xhly improviRg towatds Ihe end of ihe year. FUNDRAISING The PCC does not solicit funds Via ielephone. email or direct mail. nor dS li use Ihird party commercial fuThdraisers. The chariiy is commiiied io being xcouniable and responsible and ifiis fundraising aPPToach hanges. it will regisier wilh Ihe UK fundraising r¢gulaior. The chatiiy did noi receive any complain15 about rundraisins activiiy during 2022.
PAROCHIAL CHURCH COUNCIL OF ST MICHAEL AND ALL ANGEIS WITH ST JAMLS CROYDON TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 STATEMENT OFTRUSTEES, RESPONSIBILITIES The injsiees are responsible for preparin8 ihe InetS. report and ihe financia] siaiements in aceordance wilh applicable law and Uniied Kingdom Accouniing sndards (Uniied Kingdom Generally Acceyed Accounting Prac(i¢el. The law applicable 10 chatities in England & Wales requires Ihe iTUStces io prepare financial 51alefftenis for each rinancial year which give a iTue and fail view of Ihe slate of affairs of the charity and of the incoming resources and application of resources of the charity for ri. In preparing ihe5e financial yat¢menrs. Ihe rrusieeg are required to= Selecl suitable accounling wlicies and then apply them consistenily. Ob%rve ihe method5 and principle5 in the Charities SORP. Make judgement5 and estimates that are Tea50nable and prudent. Slate whether applicable a¢couniing siandards hav¢ b¢eD followed. subjeci io any maierial departures disclosed and explained in the financial staiemenis; Prepare Ihe fitkancial SlateTnEnt5 ori the 8oing conccrn basis unless il is inappropriate to presume ihat Ihe chariiy will coniinue in busine5S. The irustees aTe responsible for keeping prow accouniing records Ihai disclose wtih reasonable accuracy ai any lime ihe financial posiiion of the chaTily and enable Ihem io ensure Ihai ihe financial siaiements produced from Ihem Comply with applicable legal requiremenis. They are also responsible for safeguarding ihe asse(s of ihe chariiy and hence for iaking reasonable sieps for ihe preveniion and deieciion of fraud and oiher irregulatities. Approved by ihe Parochial Church Council and signed on its t*hallby: The Reverend CaTKTrn Timoihy Phke Vicar and Chair of Ihe Trvsiees 28 March 202.1
INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF PAROCHIAL CHURCH COUNCIL OF ST MICHAEL AND ALL ANGEIS WITH ST JAMES CROYDON I reporl to thc truet5 ott my exaTnination of thc accounts of the Trust for the year ended 11 December 2022. Respo51b11it1es and basis of report A5 the ¢harity trust¢¢s of the T$t you are r¢4>onsibl¢ foT the prepar31ion of the acc0uft in accordance wilh the Tequir¢ments of the Charities Act 2011 ('th¢ Acl.). I report in respect of my exarnination of the Trust's xcounts carried oui vler seciion 145 of ihe 2011 Aci and in carrying oui my examination I have followed all the applicable Dircciions given by ihe Chariiy Commission under seciion 145151(bl of Ihe Aci. Independent examinu's ststement I have comple(ed my eXaminlon. I confirni ihai no maierial mailers have come to my aiieniion in connection with ihe eXamIn10n giving me cause 10 believe that in any material respeci.. l. accouniing records were noi kepi in res1 of the Trust as requirtd by sxiion 110 of th¢ Aci: or 2. the accounts do not accord wilh ihose recotds" or 3. the account5 do not comply with the applicable requirements concerning the form and conteni of accounts sel out in the Charities (Account5 and Reports) Regulaiion5 2(K)8 other ihan any requiremenl Ihai ihe aCCOLhntS 8LVe a 'true and fair view which is noi a rnaLier considered as pari of an independeni examinaiion. I have no concerns and have corne across no other mailers in conne£kion with the examinaiion io which atiention should b¢ drawft in (his rert in ord¢r to ¢nable a proper und¢r5tsnding of ih¢ a¢¢ouDts io be rea¢hed. Ad#m Haisty FCA DCthA FOT and on behalf of Haysmacirbiyr¢ LLP 10 Queen Sireei Place London EC4R IAG 21 ApAI 2011
PAROCHIAL CHURCH COUNCIL OF MICHAEL AND ALL ANGELS wrrH ST JAMES CROYDON STATEMENT OF FINANCIAL ACTIVITILS FOR THE YEAR ENDED 31 DECEMBER 21122 Unr¢stri¢ted Restsi<ted futtth Tot1 2022 Total 2021 Notes Ineome from: Dot)aiions and legacies Oiher trading aetivities Invesimenis 49.822 26.584 732 22.320 72.142 26,584 732 272.855 14,171 29 Total income 99.458 287,055 Expenditure on Chrit*ble Aetivities: {113.808) {3.7.3661 (167.1741 (141,050) Totsl expeDditsr¢ 1113,808) (33,1661 (167.174} 1141,050) Net incomellexpenditure) (56.670) (I l.(H61 167.7161 146,IKJ5 Net movement in funds 156,670) (11.IH61 (67.716) 146,005 Funds broughi forward ai l January 787,119 69.779 856.918 710.911 Fund5 carried fonvard 9131 December 789.202 856,918 Th¢ c0]UpanY1ftg noies form part of ihe5e accounts. 10
PAROCHIAL CHURCH COUNCIL OF ST MICHAEL AND ALL ANGEIS WITH ST JAMES CROYDON BALANCE SHEET AT 31 DECEMBER 2022 2022 2021 Notes FIXED ASSETS 580,640 590,400 CURRENT ASSETS DebioT5 Cash at bank JTMI in hand 19J20 218.408 12.550 269.213 237.728 281,761 CREDITORS.. amourt(s due wiihin one year (29.166) {15.245) NET CURRENT ASSETS 208.562 266.518 789.202 856,918 FUNDS Re51ricted funds Unresiricied funds 69,779 787.119 770.469 TOTAL FUNDS 789,202 856,918 The finaThcittl staicments were ttpwoved and autlLorised for issue by th¢ Chuwh Council on 28 MaTch 202.3 and wer¢ signed I[9W on b¢haif by= Philip Bignell Treasurer and Tru51ee Reverend Canon Timothy Pike Vicar alld TTusiee The xcompanying notes lorni pan of Ihese accounis.
PAROCHIAL CHURCH COUNCIL OF ST MICHAEL AND ALL ANGEIS wrrH ST JAMES CROYDON NOTLS TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 ACCOUNTING POLICIES Basis of pTrparnlion The financial 51at¢m¢nis have been Prepared in xcordance wilh ihe Financial RepoTiing Siandard applicable in ihe UK and Republic of Ireland {FRS 102). and the Staiemeni of Recommended Praciice applicable to ¢haTiiies PTeparing iheir ac¢ounis in accordance with FRS 102. The chariiy is a public benefii eniiiy regisi¢red as a chariiy in England and Wales. Assets and liabiliiies are iniiially recognised himorical cosi or (ransaciion value unless oiherwise sia*d in ihe relevani accouniing policy. Th¢ accounis have been prepared on a going conceTn basis as there are no Marial uncerthiniie5 aboui ihe Chariiy'5 abiliiy ro coniinue 0{allg for the foreseeable fuiure. Thngible fjxed ¥sYts Depreciauon is provided on a straight-line basis to wriie off the amouni of fixed assets, excepi fr¢ehold land. over their ¢xt¢ffl¢d useful lives. li is uj¢ulad the following annual raies- freehold buildings at 2%. rix(ures and fillings at 20%. Expendiiure exceeding £5.(KK) is included in fixed assds if it is of a capiial natutt. C•sh at hnk and in hand Cash ai bank and in hand include5 cash and short ierni hiohly liquid invesimenis wilh a maiuriiy of Ihree monihs or less. Income Jncome is re¢ogni5ed once ihe chariiy has eniiilemeni io ihc resources. li is probable ihai Ihe income will be Te1ved. and ihe amouni can be assessed wilh sufficieni reliabiliiy. Expenditure Choriiabl¢ expendiiur¢ consims of all expendiiure Telaiing io ihe Objec of ihe chariiy. All cosis are direcily aitribulable lo the aciiviiies under which ihey have IteD analysed_ Governance co515 include ¢xpeThdilur¢ on the governanc¢ of ihe Charily and ils assets and are primarily aSsociad with onsiitulional and statutory rWuireM¢n. Tr0Verable VAT is included with the caiegory of eXn$¢ io which it rela(¢s. Fund accounting Restricted fund5 reflect fund5 lo applied to the relevani IksignaLed resiricied purtK)ses. Unresiricied lunds are available for used by Ihe charity in accordance with it5 objective5. 12
PAROCHIAL CHURCH COUNCIL OF ST MICHAEL AND ALL ANGE wrrH sr JAMES CROYDON NOTES TO THE FINANCIAL STATEMENTS {eontiDu¢d) FOR THE YEAR ENDED 31 DECEMBER 2022 INCOME 2022 2021 Donation5 and legatie5 Gifi Aid dorkations Income tax recoverdble C&sh offerings Online giving Grants Other donations Legacie5 Wes( Croydon Devt ex GSMHC 22.619 6.200 13.249 10.821 16.914 6.200 9.885 8.885 25.150 2(K) 200.IXKI 72.142 272,855 O¢b¢r trading a¢tivities ix¢tings and fe¢s 26384 14.171 26584 14.171 Investment income Bank interest receivable 732 29 TOTAL INCOME 99.458 287.055 EXPENDITURE 2022 2021 Charit¥4ble aclivities Services Administraiion cosis Clergy and supp)rt cos Property cosis Pastoral &ssis(ani cosis Other cosis Governance cos 26.675 9.795 22.417 5,054 6,711 47.170 22.851 48.0(K) 4.24XJ 29.859 167.174 141.050 NET IEXPENDrruRE)IINCOME FOR THE YEAR 2022 2021 This is After charging: Depieciation Indepcndenl examination fee 9.760 4,2(XJ 9,700
PAROCHIAL CHURCH COUNCIL OF ST MICHAEL AND ALL AiYGElS wrrH sr JAM&S CROYDON NOTES TO THE FINANCIAL STATEMENTS (cotinued) FOR THE YEAR ENDED 31 DECEMBER 2022 TANGIBLE FIXED ASSETS Cost or valuation Ai l January 2022 and ai 31 Decemt*r 2022 688.IKN) D¢preciation At l January 2022 Charge for th£ year 97.6CK> 9,7( Ai 31 December 2022 107.3&) Net book amount Ai 31 December 2022 580,640 Ai I l December 2021 590,400 The trusiees reviewed ihe vuationS of ihe freehold laThJ and buildings owned by ihecharity. The Trustees used insurance valua¢ions and council lax bandings as a guide. The property is all in functional use and Iherefore ihe cosi of a full valuaiion would be an unnecessary use ol the assets of the Charity. Subs¢qu¢nt addiiions have been accounied for ai cosi and depreciaied in accordancc wilh the accounting policy. DEBTORS 2022 2021 Oiher debi(Ks 12.550 19,320 12,550 CREDrroRS: amounts due within one year 2022 2021 Deferred income Accruals Gd Shepherd Mission Hall Charity 7JOO 7.745 19.966 9,2(Kl 29.166 15.245 14
PAROCHIAL CHURCH COUNCIL OF ST MICHAEL AND ALL ANGEIS WITH STJAMES CROYDON NOTES TO THE FINANCIAL STATEMENTS {cottthiued) FOR THE YEAR ENDED 31 DECEMBER 2022 RESTRicfED FUNDS *nee Brought forward Totsl Fund5 Income ExpeDditure In Memoriam Mr W Baker Organ and rnu51C Pasioral assisiani scheme Vesimen(5 and fabri¢s Lay minisier Oiher funds 52.405 2.863 8.681 1.114 52.405 1.028 (1,8151 (22,8511 145(X> 1.114 656 3.200 16(1)I 18,020) 7,820 Funds 31 December 2022 69.779 {.1.1.366) RESTRIED FUNDS Total Funds Brought fiThard Incom¢ Expenditure In Memoriam Mr W Baker Organ and music Pas¢oral assisiani scherne Vesimenis and fabrics Lay minisier Oiher lunds 52,405 52,405 12.468) {29.859) (5.686) (955) 24.507 8,681 2.271 3,400 Funds at 3 l December 2021 83.980 24.767 138,9681 69.779 These funds are for ihe following purp05cs- in memoriam W Baker for a slliiable memorial,. organ fund for organ tpaintenance: pastoia] assistance scheme for ihe coniinuing 0ratIOn of ihis proieci wh¢reby candidates can experience parish life. as they consider of(eiing ihem5clves for the sa¢d minisiry: vesimenls and fabrics for new vesimenis or repairs io exisiing fabrics. and lay rninisters for eosi cngaging lay minisier (o help keep ihe church open. 15
PAROCHIAL CHURCH COUNCIL OF sr MICHAEL AND ALL ANGEIS WITH ST JAMES CROYDON NOTES TO THE FNANCIAL STATEMENTS (continu¢d) FOR THE YEAR ENDED 31 DECEMBER 2022 FUNDS Unrestricted Restricted Funds Funds Tot81 Funds Funds a5 at l January 2022 Income Expenditure 787.139 77.138 (133.808) 69.779 856,918 99.458 (167,1741 131.7661 Fund5 Ylt 31 Detember 2022 730.469 789.202 FUNDS Unrestricted Restricted Fund5 Funds Total Funds Funds as l January 2021 Incotne Expendiiurc 626.9.13 262.288 (102.082) 710,913 287,055 (141.0501 24.767 (.18.9681 Funds at 31 Dttember 2021 787.1 79 69.779 856.918 ID. COMMrrMENTS The Chariiy no comrniim¢nts under 0ratIng lea nor any capiial commiiments ai I l December 2022 (2021.. £Nill. 11. RELATED PARTIES Theie were no relaied pariy iranscaiions during the year. (2021- None) 16
PAROCHIAL CHURCH COUNCIL OF ST MICHAEL AND ALL ANGEtS WITH ST JAMES CROYDON NOTES TO THE FINANCIAL STATEMENIS (coDliDu¢d) FOR THE YEAR ENDED 31 DECEMBER 2022 11 PRIOR YEAR STATEMENT OF FINANCIAL AcrivrrIFS UDres¢ii¢¢ed Re5tri¢ted Tothl 2021 Notes Ineome from: Dona(ions and leg1¢5 Other trading activities Investments 248.088 14.171 29 24.767 272,855 14.171 29 Total income 262,288 24.767 287.055 Expenditure ott Charitable Aetivities: (102.082) 118,968) (141,050) Total expenditure (102.082) (.18,968) (141.050) Ntt (expenditsre)fincome 160.206 114.2011 146,IX)5 Net movement In funds Ifrf>.2( 114.201) I46,5 Fund balances broughi forward ai I 5anuary 2021 626.973 710,913 Fund balaDces carried fonvard at 31 December 2021 787,119 69,779 856,918 17