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2022-12-31-accounts

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST NICOLAS, KINGS NORTON CHARITY NUMBER 1134799

REPORT AND ACCOUNTS YEAR TO 31ST DECEMBER 2022

Contents Page No.
Legal And Administrative Information 1
Parochial Church Council Report 2-3
Independent Examiner's Report 4
Statement Of Financial Activities 5
Balance Sheet 6
Notes To The Accounts 7-13

M. A. EDWARDS ACCOUNTANTS LIMITED CHARTERED ACCOUNTANTS, 26, THE GREEN, KINGS NORTON, BIRMINGHAM, B38 8SD

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST NICOLAS, KINGS NORTON

LEGAL AND ADMINISTRATIVE INFORMATION

FOR THE YEAR TO 31ST DECEMBER 2022

Registration

The Parochial Church Council of the Ecclesiastical Parish of St Nicolas, Kings Norton was formed in 1974 by Order in Council and comprises the churches of St. Nicolas, Immanuel, and Hawkesley. The governing body is the Kings Norton Parochial Church Council. The governing document is the constitution, which was agreed at the Annual Parochial meeting in 2000. They registered with the Charity Commission for England and Wales on 10th March 2010. They are also known as Kings Norton Team Ministry, Kings Norton Parish Church, Kings Norton P.C.C., and K.N.P.C.C.

Parish Office

Saint Nicolas Place, 81, The Green, Kings Norton, Birmingham, B38 8RU

Telephone Number 0121 458 3289 Email parishoffice@kingsnorton.org.uk Website www.kingsnorton.org.uk

Team Churches

St. Nicolas Immanuel Hawkesley The Green, St. Nicolas Place, 376, Shannon Road, Kings Norton, 81, The Green, Hawkesley, Birmingham, Kings Norton, Birmingham, B38 8RU Birmingham, B38 9TR B38 8RU

Diocese

Investment Custodians

The Diocese of Birmingham 1,Colmore Row, Birmingham, B3 2BJ

CCLA Investment Management Limited, The CBF Church of England Funds, 80, Cheapside, London, EC2V 6DZ

Independent Examiner

Bankers

M. A. Edwards Accountants Limited, Chartered Accountants, 26, The Green, Kings Norton, Birmingham, B38 8SD.

Lloyds Bank Plc., 798, Bristol Road South, Northfield, Birmingham, B31 2NP.

1

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST NICOLAS, KINGS NORTON

PAROCHIAL CHURCH COUNCIL REPORT

FOR THE YEAR TO 31ST DECEMBER 2022

The Parochial Church Council of the Ecclesiastical Parish of St Nicolas, Kings Norton present their report and financial statements for the year to 31st December 2022.

Objectives of the Parochial Church Council

a) Co-operation with the incumbent in promoting in the parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical;

b) The consideration and discussions of matters concerning the Church of England or any other matters of religious or public interest, but not the declaration of the doctrine of the Church on any question;

c) Making known and putting into effect any provision made by the Diocesan Synod, but without prejudice to the powers of the Council on any matter;

d) Giving advice to the Diocesan Synod on any matter referred to the Council;

e) Raising such matters as the Council consider appropriate with the Diocesan Synod;

Parochial Church Council Members

The Parochial Church Council members, who are all members of the church, who served during the year, were as follows :-

Rev. L. Wright (Rector) J. Hill (Churchwarden) P. Hay (Churchwarden) Rev. E. Ikechukwu S. Hartley (Warden Immanuel) J. Clarke (Warden Hawkesley) Rev. D. Booker (Joined May 2022 K. Knapp (Joined May 2022) G. Richards (Left May 2022) Rev. J. Crooks (Left May 2022) D. Chadderton E. Chan P. Weaver S. Fox (Left May 2022) C. Gadd S. Hill M. Miskin (Left May 2022) L. Power D. Ash P. Pordelkhaki M. Sandilands F. Fearon C. Sweet A.Dickers (Joined May 2022) R. Howman A. Wright (Dioesan Synod) D. Badger N. Moorcroft (Joined May 2022)

Parochial Church Council Members Responsibilities

The law applicable to charities in England and Wales, requires the Parochial Church Council members to prepare financial statements for each financial year. These give a true and fair view of the state of the affairs of the church's financial activities during the year, and of its financial position at the end of the year. In preparing those financial statements, the Parochial Church Council members are required to:

The Parochial Church Council members are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the church and to enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the church and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

2

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST NICOLAS, KINGS NORTON

PAROCHIAL CHURCH COUNCIL REPORT

FOR THE YEAR TO 31ST DECEMBER 2022

Independent Examiner

A resolution proposing the reappointment of M. A. Edwards Accountants Limited as independent examiner will be put to the Annual Parochial Church Meeting.

Organisation of the Church

The church is run by the Incumbent, or in the absence of an incumbent, the Churchwardens. The Parochial Church Council is led by the Incumbent/Churchwardens and comprises of 12 lay people who are elected at the Annual Parochial Church Council Meeting. There are also 12 ex officio members. An average of 4 people are employed by the PCC.

Reserves Policy

The Parochial Church Council have decided that the unrestricted funds not committed or representing tangible fixed assets (free reserves) held by the church should be at least 3 months of expenditure. It is considered necessary to have these reserves to keep the church running in the event of a future reduction in funding.

Risk Review

The Parochial Church Council have reviewed the risks facing the church. St. Nicolas Place continues to require subsidy from the Church and no provision is possible for its long term upkeep. St Nicolas Church as a result is unable to make its full contribution to the Diocesan Common Fund, a position of concern to us and the Diocese. The Parish Church of St Nicolas is requiring major repairs and updates which are becoming critical e.g the spire, the nave roof and the continued suspension of bell ringing. The senior church members will continue to seek future sources of funding to guard against a significant reduction in funding in the future.

Public Benefit Statement

When planning our activities for the year, the incumbent and Kings Norton P.C.C. have considered the Commission’s guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion.

This report was approved by the Parochial Church Council on and signed on its behalf by :-

…………………………. Rev. L. Wright - Team Rector

………………………..

J. Hill - Churchwarden

……………………….. P. Hay - Churchwarden

3

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST NICOLAS, KINGS NORTON

Independent examiner's report to the members of the Parochial Church Council of the Ecclesiastical Parish of St Nicolas, Kings Norton for the year ended 31st December 2022.

I report on the financial statements of the Parochial Church Council of the Ecclesiastical Parish of Saint Nicolas, Kings Norton for the year ended 31st December 2022, which are set out on pages 5 to 13.

Respective responsibilities of Executive Committee members and examiner

The Parochial Church Council is responsible for the preparation of the accounts. They consider that an audit is not required for this year under section 144 of the Charities Act 2011 and that an independent examination is needed.

It is my responsibility to: -

Examine the accounts under section 145 of the Charities Act 2011;

To follow procedures laid down in the general directions given by the Charity Commissioners under section 145(5)(b) of the Charities Act 2011; and

To state whether particular matters have come to my attention.

Basis of independent examiner's report

My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Parochial Church Council and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the Parochial Church Council concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair" view and the report is limited to those matters set out in the statement below.

Independent examiner's statement

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

  1. Which gives me reasonable cause to believe that in any material respect the requirements:

  2. To keep accounting records in accordance with section 130 of the Charities Act 2011; and

  3. To prepare accounts which accord with the accounting records and comply with the accounting

  4. requirements of the Charities Act 2011;

Have not been met; or

  1. To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

………………………………. Date………..

M.A. Edwards For and on behalf of :- M. A. Edwards Accountants Limited, Chartered Accountants, 26, The Green, Kings Norton, Birmingham, B38 8SD.

4

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST NICOLAS, KINGS NORTON

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR TO 31ST DECEMBER 2022

Notes
Incoming Resources
Incoming resources from generated funds
Voluntary income
Activities for generating funds
Investment income
Incoming resources from charitable activities
Total incoming resources
2
Resources Expended
Charitable activities
Governance costs
Total resources expended
3
Net incoming resources before
other recognised gains and losses
4
Gain/(Loss) on investment assets
6
Net movement in funds
Transfers between funds
Accumulated funds b/f
Accumulated funds c/f
9-12		 2022
2021
Unrestricted Restricted Endowment
Funds
Funds
Funds
Total
Total
111,874
-
-
111,874
147,631
50
-
-
50
-
1,869
-
-
1,869
1,431
113,793
-
-
113,793
149,062
192,951
-
-
192,951
127,885
306,744
-
-
306,744
276,947
291,103
-
291,103
269,597
750
-
-
750
750
291,853
-
-
291,853
270,347
14,891
-
-
14,891
6,600
-
-
(10,944)
(10,944)
6,878
14,891
-
(10,944)
3,947
13,478
-
-
-
-
-
201,104
59,117
54,363
314,584
301,106
215,995
59,117
43,419
318,531
314,584

There were no recognised gains or losses except as shown above.

The notes on pages 7-13 form part of these accounts.

5

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST NICOLAS, KINGS NORTON

BALANCE SHEET AS AT 31ST DECEMBER 2022

Notes
Fixed Assets
Tangibles
5
Investments
6
Current Assets
Cash at bank and in hand
Debtors
7
Less Creditors - amounts falling
due within one year
8
Net Current Assets
Net Assets
Reserves
Unrestricted funds
10
Restricted funds
9
Endowment funds
11
Total church funds
12		 79,025
79,650
43,419
54,363
133,951
145,278
67,374
62,575
201,325
207,853
(5,238)
(27,282)
196,087
180,571
318,531
314,584
215,995
201,104
59,117
59,117
43,419
54,363
318,531
314,584
2021
2022		 79,025
79,650
43,419
54,363
133,951
145,278
67,374
62,575
201,325
207,853
(5,238)
(27,282)
196,087
180,571
318,531
314,584
215,995
201,104
59,117
59,117
43,419
54,363
318,531
314,584
2021
2022
314,584
201,104
59,117
54,363
314,584

The notes on pages 7-13 form part of these accounts.

These financial statements were approved by the Parochial Church Council on and signed on its behalf by :-

…………………………. Rev. L. Wright - Team Rector

………………………..

J. Hill - Churchwarden

……………………….. P. Hay - Churchwarden

6

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST NICOLAS, KINGS NORTON

NOTES TO THE ACCOUNTS FOR THE YEAR TO 31ST DECEMBER 2022

1 ACCOUNTING POLICIES

Accounting Convention

The financial statements are prepared under the historical cost convention, as modified by fixed asset investments being included at market value, and in accordance with the Charities Act 2011. They also follow the recommendations in Accounting and Reporting by Charities: Statement of Recommended Practice FRS 102 issued in January 2015 and the Church Accounting Regulations issued in July 2006.

Incoming Resources

Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when receivable. The value of services provided by volunteers has not been included. Grants are recognised in full in the Statement of Financial Activities in the year in which they are receivable, and the church has fulfilled all conditions for its receipt. Investment income is included when it is receivable.

Outgoing Resources

Resources expended are recognised in the year in which they are incurred. Resources expended include attributable VAT which cannot be recovered. Governance costs are the costs of meeting constitutional and statutory requirements.

Stock

Stocks are stationery and goods for resale, which are valued at the lower of cost and net realisable value.

Funds

The Unrestricted fund are incoming resources which are used for the objects of the church, without any specified purpose or further restriction. Restricted funds can only be used for the specific purposes as decided by the donor, within the objects of the church. Designated funds are unrestricted funds, which have been earmarked by the Parochial Church Council for particular purposes. Endowment funds are special restricted funds, which cannot be spent, but must be invested and any income from them spent on specific purposes as decided by the donor.

Fixed assets

Freehold properties are stated in the balance sheet at cost or valuation. Depreciation is provided so as to write off the cost of the assets in equal instalments over the estimated useful lives of the assets. The depreciation rates used are :-

Freehold land Nil Freehold buildings 1% per annum. Equipment Assets are fully depreciated.

Investments

Investments are stated at market value. Realised and unrealised gains or losses are included in the Statement Of Financial Activities.

7

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST NICOLAS, KINGS NORTON

NOTES TO THE ACCOUNTS FOR THE YEAR TO 31ST DECEMBER 2022

2 INCOMING RESOURCES
Voluntary incoming resources
Church Urban Fund grant
Roof appeal - St. Nicolas Church
Other grants
Planned giving
Income tax recovered
Collections at services
Gift days and donations
Donation from SN Place CIC
Activities for generating funds
Fund raising
Investment income
Income on listed investments
Interest on deposit accounts
Incoming resources from charitable activities
Bookstall and fair trade
Income from buildings
Fees for special services
Insurance claims
Total incoming resources		 2022
-
-
6,672
53,887
13,398
348
37,569
-
111,874
50
50
1,264
605
1,869
5,061
79,114
86,776
22,000
192,951
306,744		 2021
11,024
22,145
-
61,021
11,406
859
17,276
23,900
147,631
-
-
1,055
376
1,431
4,646
73,653
49,586
-
127,885
276,947

3 TOTAL RESOURCES EXPENDED

No further analysis is necessary, as the church only has one activity. For analysis of expenditure see note 13.

8

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST NICOLAS, KINGS NORTON

NOTES TO THE ACCOUNTS FOR THE YEAR TO 31ST DECEMBER 2022

4 NET INCOMING/OUTGOING RESOURCES
2022
2021
This is stated after charging :-
Depreciation
625
625
Independent examiner's remuneration
1,440
1,200
Salaries
64,534
56,565
Social security
7,040
3,648
Average number of employees
5
5
Council members' expenses
-
-
Council members' remuneration
-
-

No employee received more than £60,000 and no pension contributions were paid, and there were no related party transactions.

Cost or valuation
Balance b/f
Additions
Disposals
Balance c/f
Accumulated depreciation
Balance b/f
Charge for the year
Disposals
Balance c/f
Net book value b/f
Net book value c/f		 Freehold
Land and
Buildings
Equipment
Total
90,000
8,508
98,508
-
-
-
-
-
-
90,000
8,508
98,508
10,350
8,508
18,858
625
-
625
-
-
-
10,975
8,508
19,483
79,650
-
79,650
79,025
-
79,025

The P.C.C. has three churches in use, St. Nicolas, Immanuel and Hawkesley. Immanuel Church meets at St. Nicolas Place. Saint Nicolas Place is used by the parish office, Immanuel Church as well as for meeting rooms and storage. For a 12 month period the value of this benefit to the church has been approximated at £10,000. Hawkesley Church meets at Hawkesley Church Primary School in the Pastoral Centre which is owned by the P.C.C. The P.C.C. owns St. Nicolas Place and the Old Grammar School. As Saint Nicolas Church is on consecrated ground, and both St. Nicolas Place and the Old Grammar School are very old and too difficult to value, all of these have been excluded from the accounts. The P.C.C. still owns one former clergy residence, converted and opened as Hawkesley Community Hub in September 2012. This property was included in the accounts for the first time during the year to 31st December 2006 and due to the absence of any cost information it was included at an estimate of its value. A professional valuation was not obtained. Depreciation in relation to previous years has not been included.

9

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST NICOLAS, KINGS NORTON

NOTES TO THE ACCOUNTS FOR THE YEAR TO 31ST DECEMBER 2022

6 INVESTMENT FIXED ASSETS

INVESTMENT FIXED ASSETS
Balance b/f
Net deficit on revaluation
Balance c/f
Analysis by fund
Isaacs endowment
Leonard Buckley endowment		 2022
11,694
31,725
43,419		 2022
Listed
Investments
54,363
(10,944)
43,419
2021
13,255
41,108
54,363

The Isaacs endowment investments are with the CBF Church of England investment fund shares. All investments are held in the U.K. to provide an investment return for the church and are valued at market value.

7
8		 DEBTORS
Other debtors
CREDITORS
Operating creditors
Accruals		 2022
67,374
2022
3,798
1,440
5,238		 2021
62,575
2021
26,082
1,200
27,282

10

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST NICOLAS, KINGS NORTON

NOTES TO THE ACCOUNTS FOR THE YEAR TO 31ST DECEMBER 2022

9 MOVEMENT ON ACCUMULATED RESTRICTED FUNDS

St. Nic. Church St. Nic. Place

St. Nic. Church St. Nic. Place
Balances b/f
Income
Expenditure
Balances c/f		 Roof
Roof
Church
Appeal
Appeal Maintenance
Total
Fund
Fund
Fund
-
-
59,117
59,117
-
-
-
-
-
-
-
-
-
-
59,117
59,117

The Church maintenance fund is used to maintain St. Nicolas Church.

10 MOVEMENT ON ACCUMULATED UNRESTRICTED FUNDS

Balances b/f
Income
Expenditure
Transfers
Balances c/f		 Hawkesley
Immanuel Hawkesley
Church
Church
Hub
Churchyard
General
Designated Designated Designated
Designated Unrestricted
Fund
Fund
Fund
Fund
Fund
Total
10,011
17,725
-
-
173,368
201,104
8,638
3,025
-
-
295,081
306,744
(5,254)
(2,677)
-
-
(283,922) (291,853)
(10,000)
(500)
-
-
10,500
-
3,395
17,573
-
-
195,027
215,995

The Churchyard designated fund is used for churchyard maintenance. Hawkesley and Immanuel Church funds represent the activities of those churches.

11 MOVEMENT ON ACCUMULATED ENDOWMENT FUNDS

Balances b/f
Unrealised deficit on investments
Balances c/f		 Leonard
J.C.C.
Buckley
Isaacs
Fund
Fund
Total
41,108
13,255
54,363
(9,383)
(1,561)
(10,944)
31,725
11,694
43,419

11

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST NICOLAS, KINGS NORTON

NOTES TO THE ACCOUNTS FOR THE YEAR TO 31ST DECEMBER 2022

12 ANALYSIS OF NET ASSETS BETWEEN THE FUNDS

Churchyard Fund
Leonard Buckley Fund
J.C.C. Isaacs Fund
Church Roof Designated
Church Maintenance Fund
Roof Appeal Fund - St. Nic. Church
Roof Appeal Fund - St. Nic. Place
Hawkesley Hub Fund
Immanuel Church Fund
Hawkesley Church Fund
Unrestricted Fund
Inter fund items		 Invest-
Fixed
Cash at
ments
Assets
Debtors
Creditors
Bank
Total
-
-
-
-
-
-
31,725
-
-
-
-
31,725
11,694
-
-
-
-
11,694
-
-
-
-
-
-
-
-
-
-
59,117
59,117
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
17,573
17,573
-
-
1,071
-
2,324
3,395
-
79,025
66,303
(5,238)
54,937
195,027
-
-
-
-
-
-
43,419
79,025
67,374
(5,238)
133,951
318,531

12

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST NICOLAS, KINGS NORTON

NOTES TO THE ACCOUNTS FOR THE YEAR TO 31ST DECEMBER 2022

13 INCOME AND EXPENDITURE ACCOUNT
Incoming Resources
Church Urban Fund grant
Roof appeal - St. Nicolas Church
Other grants
Planned giving
Income tax recovered
Collections at services
Gift days and donations
Donation from SN Place CIC
Bookstall and fair trade
Income from buildings
Fees for special services
Fund raising
Insurance claims
Dividends and interest
Gain on investments
Gain on investments
Resources Expended
Overseas mission grants
UK missions & church grants
Magazine, books & fair trade
Fees disbursements
Contribution to SN Place CIC
Common fund
Clergy expenses
Church running expenses
Salary, training & support costs
Administration
Roof repairs
Repairs and development
Depreciation
Loss on investments
Surplus for the year		 -
11,024
-
22,145
6,672
-
53,887
61,021
13,398
11,406
348
859
37,569
17,276
-
23,900
5,061
4,646
79,114
73,653
86,776
49,586
50
-
22,000
-
1,869
1,431
306,744
276,947
-
6,878
306,744
283,825
886
180
2,555
8,617
5,423
7,460
5,390
17,237
33,350
-
15,900
21,531
2,265
2,670
58,558
36,599
71,574
60,609
19,490
22,771
58,432
83,667
17,405
8,381
625
625
291,853
270,347
10,944
-
3,947
13,478
2021
2022		 -
11,024
-
22,145
6,672
-
53,887
61,021
13,398
11,406
348
859
37,569
17,276
-
23,900
5,061
4,646
79,114
73,653
86,776
49,586
50
-
22,000
-
1,869
1,431
306,744
276,947
-
6,878
306,744
283,825
886
180
2,555
8,617
5,423
7,460
5,390
17,237
33,350
-
15,900
21,531
2,265
2,670
58,558
36,599
71,574
60,609
19,490
22,771
58,432
83,667
17,405
8,381
625
625
291,853
270,347
10,944
-
3,947
13,478
2021
2022
276,947
6,878
283,825

270,347
-
13,478

13

KINGS NORTON TEAM MINISTRY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR TO 31ST DECEMBER 2022

Incoming Resources
Other grants
Planned giving
Income tax recovered
Collections at services
Gift days and donations
Bookstall and fair trade
Income from buildings
Fees for special services
Fund raising
Contribution from Hawkesley
Insurance claims
Dividends and interest
Resources Expended
Overseas mission grants
UK missions & church grants
Magazine, books & fair trade
Fees disbursements
Contribution to SN Place CIC
Common fund
Clergy expenses
Church running expenses
Salary, training & support costs
Administration
Roof repairs
Contribution to K.N.P.C.C.
Repairs and development
Depreciation
Loss on investments
Surplus for the year		 Consolidation
Adjustment
6,672
6,672
53,887
46,388
13,398
12,327
348
-
37,569
(500)
37,474
5,061
5,061
79,114
77,017
86,776
86,776
50
-
-
(10,000)
10,000
22,000
22,000
1,869
1,866
306,744
305,581
886
706
2,555
1,337
5,423
5,369
5,390
5,390
33,350
33,350
15,900
12,000
2,265
2,265
58,558
56,381
71,574
71,172
19,490
19,490
58,432
58,432
-
(10,500)
-
17,405
17,405
625
625
10,944
10,944
302,797
294,866
3,947
10,715
Total
St. Nicolas		 Consolidation
Adjustment
6,672
6,672
53,887
46,388
13,398
12,327
348
-
37,569
(500)
37,474
5,061
5,061
79,114
77,017
86,776
86,776
50
-
-
(10,000)
10,000
22,000
22,000
1,869
1,866
306,744
305,581
886
706
2,555
1,337
5,423
5,369
5,390
5,390
33,350
33,350
15,900
12,000
2,265
2,265
58,558
56,381
71,574
71,172
19,490
19,490
58,432
58,432
-
(10,500)
-
17,405
17,405
625
625
10,944
10,944
302,797
294,866
3,947
10,715
Total
St. Nicolas		 Consolidation
Adjustment
6,672
6,672
53,887
46,388
13,398
12,327
348
-
37,569
(500)
37,474
5,061
5,061
79,114
77,017
86,776
86,776
50
-
-
(10,000)
10,000
22,000
22,000
1,869
1,866
306,744
305,581
886
706
2,555
1,337
5,423
5,369
5,390
5,390
33,350
33,350
15,900
12,000
2,265
2,265
58,558
56,381
71,574
71,172
19,490
19,490
58,432
58,432
-
(10,500)
-
17,405
17,405
625
625
10,944
10,944
302,797
294,866
3,947
10,715
Total
St. Nicolas		 -
-
3,025
4,474
-
1,071

-
348
-
595
-
-
-
2,097
-
-

-
50
-
-
-
-
-
3
3,025
8,638
-
180
623
595
54
-
-
-
-
-
2,000
1,900
-
-
-
2,177
-
402
-
-
-
-
500
10,000
-
-
-
-
-
-
3,177
15,254
(152)
(6,616)
Immanuel
Hawkesley		 -
-
3,025
4,474
-
1,071

-
348
-
595
-
-
-
2,097
-
-

-
50
-
-
-
-
-
3
3,025
8,638
-
180
623
595
54
-
-
-
-
-
2,000
1,900
-
-
-
2,177
-
402
-
-
-
-
500
10,000
-
-
-
-
-
-
3,177
15,254
(152)
(6,616)
Immanuel
Hawkesley
305,581

294,866		 8,638









15,254
10,715 (6,616)

KINGS NORTON TEAM MINISTRY BALANCE SHEET AS AT 31ST DECEMBER 2022

FIXED ASSETS
Land and buildings
Investments
Equipment
CURRENT ASSETS
Cash at bank and in hand
Debtors
SN Place CIC
Less Creditors
Net Current Assets
NET ASSETS
REPRESENTED BY
Endowment funds
Restricted funds
Designated funds
Unrestricted fund		 79,025
43,419
-
122,444
133,951
34,593
168,544
32,781
(5,238)
196,087
318,531
43,419
59,117
20,968
195,027
318,531
Total		 79,025
43,419
122,444
114,054
33,522
147,576
32,781
(5,238)
.
175,119
297,563
43,419
59,117
-
195,027
297,563
St. Nicolas		 79,025
43,419
122,444
114,054
33,522
147,576
32,781
(5,238)
.
175,119
297,563
43,419
59,117
-
195,027
297,563
St. Nicolas		 -
-
-
-
-
-
17,573
2,324
-
1,071
17,573
3,395
-
-
17,573
3,395
17,573
3,395
-
-
-
-

17,573
3,395
-
-
17,573
3,395
Immanuel
Hawkesley		 -
-
-
-
-
-
17,573
2,324
-
1,071
17,573
3,395
-
-
17,573
3,395
17,573
3,395
-
-
-
-

17,573
3,395
-
-
17,573
3,395
Immanuel
Hawkesley
-

3,395
17,573
-
.
297,563 3,395
43,419
59,117
-
195,027		 -
-
3,395
-
297,563 3,395