St Michaels Flixton 2022 Accounts and Financial Report
Treasurers Report
The church ended the year with a small surplus of £2,582.
Despite the church opening up in 2022 following the recovery of the pandemic, income from planned giving, collection plate and donations has reduced the prior year. At £37,914 it is over 15k / 40% lower than in 2019. Fee income net of disbursements increased on 2021 by £1,603k.
Income from activities to generate funds doubled on 2021, reaching £20.845. The majority of this was due to the new tenancy on the croft flat in July, whereby the arrangement was to take a full year of rent up front. Earnings relating to 2023 have been designated in reserves. The Croft opened up for room hire part way through the year and this generated £2555, which was still lower than prepandemic levels.
Much hard work was placed on fundraising activites with a total of £5193 generated from fairs, a jumble sale, cream teas and coffee mornings, choir concerts, beer and carols, DJing and appeals. This was almost double the amount raised in both 2019 and 2018.
The PCC managed to pay 59% of its parish share. The full amount could not be paid because it has been agreed to aim to maintain a reserve of £60k.
Church running expenses were high due to heating charges. The gas contract renewed in May 2022 and prices had tripled due to the war in Ukraine. It is expected that running costs will be higher in 2023 as we see the full year effect of the new gas contract. Effort was placed on finding the best deal and a grant application has been made to the Diocese to assist with these costs in 2023.
Major works of £3,600 relate to the building feasibility study which took place in the final quarter of the year. The PCC met in February 23 to look at proposals to make the building more fit for purpose to improve its sustainability from a missional, financial and environmental perspective.
Reserves were £65,182. The church will continue to hold a minimum reserve policy of £60,000 which represents 3 months of operating costs, a £25k building reserve and the remainder of the annual up front flat rental income to renewal in June 23.
Thank you to all members of St Michaels Church for your generosity in 2023, whether that be through financial giving or donating your time.
With thanks,
Anna Scarisbrick, Treasurer
Independent Examiners Report
This is the fourth (and final) year that I will be independently examining this charity’s accounts.
I report to the charity trustees on my examination of the accounts of the Charity for the year ended 31st December 2022.
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
I have completed my examination.
I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
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the accounting records were kept in accordance with section 130 of the Charities Act.
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the accounts agree with the accounting records
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the accounts comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008, other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
Income has increased, but compared to pre pandemic levels it is much lower. The church have plans to get a digital collection plate which will make it easier for church visitors to donate and there are plans to start up regular giving campaigns as they haven’t done any for a few years.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed: Caroline Boardman Dated: 16th March 2023
Name: Caroline Boardman
Re¢oipts & Poymgnts A¢¢ountg for thg ParochiBI Church Council of St Mi¢h801'$ Flixton For the p•riod 1st Jan 2021 to 31st D8t 2022 FS r5Mcl8a Funas En1 Funas TOTAL 2012 PRV)R YEAR2021 Retpts la Flinrd GfflAd thnthn5 Inrompx Ifjcrer 5.3 20.463 3,991 6.676 Oth clln$(ln 20.463 3.3T6 ndrydttnèlittnl 324 Gt&r 877 iè> 87F 1c acrThrf 1d I))J Church Crofi Lthn9S fténl 25 Club Lry 2.5 2.5 I,F20 1,72Q I,g&5 FFIFs &otsrfiJrf 151 20.4 19 DMdÈnd>& Intèr In¢luding ny TOTfvLRECEIPTS 66.764 1,536 67.3 66.299 Grsrrls & tharw lIs51 Church MI551 &(thrChuhthS klinisty DC9s8 P8nsh Sharo Cqy Evn5e5 CMrth CrD 31.150 2.169 31.FS0 2.1 Runningco3ts Church- jnnIng EJtWW5 4.550 4.550 15. 2.789 526 526 528 Church M4Orw kw ofchurchyd Ver9Fr. Cktk. 8 wec0s 240 3.745 622 62292 min15tr BBnk ChBtg&5 378 624 3T8 C24 &thrfrJndr8151ry 373 373 TOTALpAYfENTS 14yt0fRty/PUYrnI gYT 62.6W 61.623 62,ICO
Bank Accounts and Other Assets - Parochial Church Council of St Michael's Flixton accounts and other assets as at 31 Decernber 2022 2022 2021 2020 2019 2018 2017 Bank Accounts Cutrenl account Deposit account IRBS} Investment acc wth National Sawngs Bank Vorious occ. Heky by Diocese Ibook value) Total 64,337 61,756 60.779 24,043 43,2( 839 23,203 43,119 832 20,310 63,058 826 13,331 97,525 65.182 62,601 61,624 68,087 67,155 Funds General- Unre51ricled Roof Tower Project - Restricted Charity fundraising - Restricted WiFi fundraising - Reslricled Fkt Rental - Designated 56.802 3,302 59,250 3,302 48 56,439 5,184 65,385 1,882 819 67,155 97,525 330 4,583 65.182 62,601 61.624 68,087 67,155 97.525 Fixed assets (nominal value} 348 Church Road Church Crofi 65,000 286,870 65,0 286,870 65.000 286,870 65,txJo 286,870 65,000 286,870 65,000 286,870
5t Mi¢haels Flixton PCC Note¥ to Accounts 2022 1. Restricted Funds R8striclad Funding and EXnditur8 is srt b8tsY88n th8 rnaior prq8Ct lo repair the church tOW8r. charty fundr8i51ng. and WIFI crowdftJrbOing Tower Fund Charthes WIFI Total Reskncled Openlng Bal Jan 1¥t 22 3302.00 4B.32 3350.32 Oonthons Appaals 420 (N) 1536.18 Re8td¢tod Inme 22 3302.00 1164.60 420.00 4886.60 Admin Church running H(xne mission 7835 7835 g98 18 998.18 Regtdcted Expendtture 22 99B.18 9D.35 1088.63 Closing Restricted Fundg 3302.00 166.32 329.65 3797.97 Nol8 thalth8 funding for charthes Is shown as 8 Surplus becau58 some funds are to b8 carri8d forward into 2023 Total funds raised and paid for other enbties In 2022 15 broken dovm as folDWS." income 8xpondilur8 938 DEC Ukrain8 Ghnslian Aid Week Stretford Food Benk Total Ra15ed 938 P8Jd Jan 23