Report on Accounts for Year Ending 31 December 2022
INCOME
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Donations
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Overall decrease in regular monthly (several significant donors), envelope and voluntary donations - Down £2271
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Restricted donation received - £4000 - towards future Solar Energy proposals
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Legacies
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£170,555 received – Up £160555
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Alms & Charities – Up £1000 (Christian Aid & Childrens Society collections)
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Operating Activities
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Church Hall – Up £9232 (Most regular users back to 12 months usage)
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Green Lane Hall – Up £9970 (Hall back to more regular usage)
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48 Selwyn Road Rent – Up £1650 (Dec 2021 rent received Jan 22; Dec 2022 paid Jan 2023)
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Summer Fair – 2022 takings discovered in church safe (not normally used) March 2023 - £1377.82 paid in to show in 2023 accounts
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Music Fund – Up £3267 - further donations for appeal started end of 2021
Overall Annual Income UP on 2021 - £180411
EXPENDITURE
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Charitable Donations – Up £1030 - (Still £10 & £109.81 to send to Bishop’s Lent Appeal & Christian Aid respectively from 2022 donations)
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General Expenditure
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Parish Support Fund (Quota) – Increased by £2k from 2021 - Full 12 months contributed
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Organist & Choir – Up £2474 – additional costs for interim organists and advertisements before new Director of Music appointed (DoM remuneration paid from Administration)
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Hall Expenditure – Down £1218 - but £1535.16 paid in Jan 2023 relating to Hall Electricity usage (change in provider Feb 22 who didn’t register 1 of the 2 meters covering the hall)
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Maintenance
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48 Selwyn – UP £2719 – mostly repairs to roof & guttering
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Hall – Up £2919 - Hall floor sanded, re-varnished at cost of £4.7k (only required every 4/5 years) so typical annual costs are down
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o Church – DOWN £2340
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Administration
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Office costs – UP £2817 – includes new Director of Music remuneration commencing June 2022
Overall Annual Expenditure UP on 2021 - £14128
Income v Expenditure for 2022 – UP £166795
Balance Sheet
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Income Bonds showing as separate balance - £10k
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Church Restoration (Pennies) Restricted Account - £5392 – historic and now to be incorporated back into General Reserve from 2023
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Solar Energy Donation included as new Restricted sum - £4k
PCC OF StJAMES MALDEN BALANCE SHEET AT 31 DECEMBER 2022 2022 2021 CURRENfASSETS Cash and Income Bonds 215984 49188 215984 49188 FUNDS Income Bonds Church Restoration (Pennies) (R) Godly Play (R) Music Fund (R) Pipe Organ (R) Piano Fund R) Christmas Lunch (R) Solar Energy Donation (R) General Reserve 10000 5392 1180 10803 20 408 1168 4000 183013 10000 5392 1180 6107 ~23 408 1168 24956 215984 49188 (R) denotes restrlcted account Approved by Standing Committee/PCC and signed on its behalf by Chairperson Date: 24*lz3 Treasurer A i J Secretsry Ll . Date: Li Date:
PCC OF ST JAMES MALDEN STATEMEKf OF FINANaAL AcnvmES For the year ended 31 December 2022 Unr•strirt•d R•strict•d Endowment Funds Funds Funds TOTAL FUNDS 2022 2021 Note INCOMING RESOURCES From donors 2(al 45741 45741 55948 Othervoluntary 2(b) 187674 6883 194557 26066 From other sources 2(c) 57137 5832 62969 40920 From Investments 2(d) 79 79 TOTAL INCOMING REWURCES 290631 12715 303346 122935 RESOURCES USED Grants 3(a) 2763 2763 1733 Artlvltles dlrertty related to the work of the church 3(b) 105512 1587 107099 l(X)136 Hall Refvrblshment Church Maintenance 48 Selwyn Road refurtilsrnent 3(c) 3(c) 3(c) 5707 2815 2719 5707 2815 2719 2789 5155 Church Admlnistrntlon 3(d) 15448 12610 TOTAL RESOURCES USED 132201 4350 136551 122423 NET INCOMEIEXPENDITURE 158430 8365 166795 511
PCC OF ST JAMES MALDEN PIOTES TO THE FINANaAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 I ACCOUNTING pouaES The flnanclal staternents have been prepared In accordance wlth the Church Accountlng Regulations 2Q together wlth appllcable accountin8 stsndards and the SORP 21)J5 2 INCOMING RESOURCES Unrestrlcted Restricted Funds Funds TOTAL FUNDS 2022 2021 21a) From donors Tax efflclent glvlng (Inc payroll and CAF) Tax recovered Non Gift Aid Collections (open plate) 233 10550 29)33 10550 4822 1335 34530 14588 5232 1598 1335 45741 45741 55948 2(b) Other volwtsry Iorn• Legacies Donations- Gfft Aided Donatlons- Non Glft Alded Alrns and Charltles Sacrlsty 170555 2010 14933 170555 2010 18933 5783 8261 1807 214 176 176 187674 194557 2(c) Income from operatin8 activities Fees Church Hall Xrnas Lunch Christmas Market Summer Fair Beetle Drlve Qulz Blbles Sundrles Green Lane Hall 48 Selwyn Road - Rent Music Fund Plpe Organ Fund 3365 22114 3365 22114 25C 12882 66S 325 153 557 325 153 310 15 10212 15 10212 4242 18150 1430 4697 1135 5832 4697 1135 62%9 57137 40920 2(d) Incorne from Investments Income Bonds 79 79 79 79 TOTAL INCOMIN RESOUR 2%)631 12715 303346 122935
NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 20221Cont) RESOURCES USED Unrestricted Restricted Funds Funds TOTAL FUNDS 2022 2021 3(a) Grants Missionary and charitable giving Overseas Home 2763 2763 1733 2763 2763 1733 3(b) Activities d irectly related to the work of the churth Diocesan Quota Vicar Expenses Clergy Expenses Plano Fund Sacristy Sumrner Fair Christmas Market Organist and Choir Sunday School Fees and subs Muslc Fund Or8an Fund Xmas Lunch Utilities Insurance Minor Repairs/Cleanin8 Gardenin8 Flower5 Sundries Hall 48 Selwyn Road - agents management fee 48 Selwyn Road - Insurance 48 Selwyn Road - minor repalrs/maint 72500 586 72500 586 803 70500 1754 75 622 307 622 307 330 3964 1490 2089 2089 496 1091 1619 520 496 1091 3454 5720 2659 3847 6012 3259 3847 6012 3259 286 681 6637 2274 511 878 353 751 5419 2376 564 1970 353 751 5419 2376 564 1970 105512 1587 107099 100136 3(c) Church, Church Hall and 48 Selwyn Road Repairslmaintenance 48 Selwyn Road Hall- maintenance Churth - maintenance 2719 5707 2815 2719 5707 2815 2789 5155 11240 11240 7944 3(d) Churth Adminlstration Office, printin& stationery etc Bank Charges Card Fees 15065 356 27 15065 356 27 12248 349 13 15448 15448 12610 TOTAL RESOURCES USED 132201 4350 136551 122423
PCC OF STJAMES MALDEN UST OF CHARITIES FOR THE YEAR ENDED 31 DECEMBER 2022 UNRESTRicfED OVERSEAS TOTAL Overseas HOME TOTAL Home TOTAL UNRESTRicfED REsfRicfED OVERSEAS Total Overseas HOME Christian Aid Children's Society Lent Appeal 1057 1207 500 2763 TOTAL Home TOTAL REsfRicfED 2763 TOTAL TO CHARITY 2763
Inde ndent Examiner's Re ort to the PCC of St James's Church Malden This report on the financial statements of the PCC for the year ended 31 December 2022 is in respect of an examination carried out in accordance with the Church Accounting Regulations 2006 (the Regulations) and the Charities Act 2011 (the act). Respective responsibilities of the PCC and the examiner As members of the PCC you are responsible for the preparation of the financial statements; you consider that the audit requirement of the Regulations and Section 133 of the Act does not apply. It is my responsibility to issue this report on those financial statements in accordance with the ternis of the Regulations. Basis of this report My examination was carried out in accordance with the General Directions given by the Charity Commission and to be found in the Church guidance, 2006 edition. That examination includes a review of the accounting records kept by the PCC and a comparison of the accounts with those records. It also includes considering any unusual items or disclosures in the fmancial statements and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. Independent examiner's statement In connection with my examination, no matter has come to my attention (l) which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with the Act" and . to prepare fmancial statements, which accord with the accounting records and comply with the requirements of the Act and the Regulations have not been (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed..... Peter Chugg AMCT, ACIB 14 Motspur ParK New Malden, Surrey KT3 6PN