2022-12-31-accounts - Taunton Minster (The Parochial Church Council Of The Ecclesiastical Parish Of St Mary Magdalene, Taunton)

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

heet asat 31 Dec	e	mber	202	2
						2022	2021
					Note
FIXEDASSETS
Tangible							1,020
Investment
							1,020
CURRENT ASSETS
Stock						4,411	4,616
Debtors						11,837	17,755
Short Term Deposits						151,685	43,319
Cash at bank and	in	hand				22 122	164,556
						190,036	230,246
LIABILITIES
Creditors - amounts		falling	due	in one year	7	2,791	15,080
NET CURRENT ASSETS						187,245	215,166
Total assets less current			liabilities			18'7,245	216,166
Creditors —amounts		falling	due	after one year
TOTAL NET ASSETS						187,245	216,186
PARISH FUNDS
Unrestricted						151,356	186,775
Restricted						35,889	28,391
Coifee machine							1,020
						187,245	216,186
Approve e	Parochial			Church Council on

					Unrestricted	Unrestricted	Restricted	TOTAL	FUNDS
					Note	Funds	Funds	2022	2021
INCOME
Voluntary Income					2(a)	183,325	12,244	195,569	169,963
Activities for generating		funds			2(b)	80,724	3,008	83,732	28,327
Church Activities					2(c)	9,431		9,431	7,377
Investing activities					2(d)	285	1,288	1,573	1,802
Extraordinary items					2(e)	23,275		23,275	103,786
Tots I Income						297040	16540	313,580	311,255
EXPENDITURE
Church ActiVities					3(a)	159,641	1,265	160,906	128,104
Actidties for generating		funds			3(b)	23,077	1,953	25,030	10,285
Extraordinary items					3(c)	149,535	5,824	155,359	156,641
Total Expenditure						332,254	9042	341 296	295,030
Net Income before other recognised				gains and los		(35,214)	7,498	(27,716)	16,224
Revaluation ofstock in		the Bookshop				(205)		(205)	(240)
Nst Movement in	Funds					(35,419)	7,498	(27,921)	15,984
Balances brought	forward		1 January		2022	186,775	28,391	215,166	199,182
Balances carried forward			31December 2022			151356	35889	187245	215,166

~	«				~ ~
Report to the trustees/ members of					Cha' ty TAUNTON MINSTER (STMARY MAGDALENE TAUNTON PCC)
On accounts for the year					Charity no 1134818
				ended	31 December 2022 (ifany)
	Set	out on pages			3-1S rememoer t mclude the page ourohera of addrtiohal
					I report to the trustees on my examination ofthe accounts ofthe above
					charity ("the Trust" )for the year ended 31/12/2022
Responsibilities				and	As the charity's trustees, you are responsible for the preparation ofthe
basis of	report				accounts in accordance with the requirements ofthe Charities Act 2011
					("the Act").
					I report in respect of my examination ofthe Trust's accounts carried out
					under section 145ofthe 2011Act and in carrying out my examination,	I
					have followed all the applicable Directions given by the Charity Commission
					under section 145(5)(b)ofthe Act.
		Independent			The charity's gross income exceeded 2250,000and I am qualified to
examiner's			statement		undertake the examination by being a qualified member of
					tI)IQe&wcto4 of Lsta1&tfb )Arab Qttheum&9 'Itttaoha~~
					I have completed my examination. I confirm that no material matters have
					come to my attention in connection with the examination (ethertharrthat
					disclosetHtetottti-') which gives me cause to believe that in, any material
					respect:
					~ the accounting records were not kept in accordance with section	130
					ofthe 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 ofaccounts 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 ofan independent examination.
					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 ofthe accounts to be reached.
					*Please delete the wordsin the brackets ifthey do not apply.
				Signed:	Date: g 3 2,e&3
				Name:	&a.We~ Pv,t
Relevant professional qualification(s) or body					ttI)55~&~vs ra& ~ (stsgipt~ IAt y~~~vdT~S
				(ifany):	? Q I,'2-4

INCOME
				Unrestricted	Restricted	TOTAL	FUNDS
2(a)	Voluntary Income			Funds	Funds	2022	2021
	Planned Giving			68,847		68,847	75,186
	Plate Collections			11,489		11,489	4,524
	Gift Aid reclaimed			17,793		17,793	18,998
	Donations, appeals etc.			12,222	12,244	24,466	16,254
	Legacies			72,974		72,974	55,000
				183,325	12,244	195,569	169,962
2(b)	Activities for generating		funds
	Fund raising events			15,970	3,008	18,978	4,902
	Bookshop			12,394		12,394	5,658
	Cofl'ee Shop			49,349		49,349	14,499
	Magazine			3,011		3,011	3,267
				80,724	3,008	83,732	28,327
2(c)	Church Activities
	Letting ofchurch properties			4,649		4,649	1,877
	Fees			4,782		4,782	5,500
				9,431		9,431	7,377
2(d)	Investing activities
	Interest			285	1,288	1,573	1,802
				285	1,288	1,573	1,802
2(e)	Extraordinary items
	NLHeritage Culture Fd						45,700
	Taunton Sunday School	Fd					34,584
	Fabric fund (reimbursed	fees)					9,681
	C of E Energy grant			1,500		1,500
	LPOW grants: Re-lighting			9,203		9,203
	LPOW grants: Cafe works			12,572		12,572	13,821
				23,275		23,275	103,786
	TOTAL INCOME			297,040	16,540	313580	311,254

3.EXPENDITURE	3.EXPENDITURE
					Unrestricted	Restricted	TOTAL	FUNDS
3(a)	Church activities				Funds	Funds	2022	2021
	Mission and Charitable		Giving
	Home				100		100	160
	Ovemeas					1,265	1,265	220
					100	1,265	1,365	380
	Ministry: Diocesan parish			sham	54,000		54,000	48,000
	Other ministry		costs		1,836		1,836	2,316
	Church running and maintenance				36,694		36,694	36,226
	Salary and fees				54,961		54,961	34,695
	Post, stationery, copying			and printing	5,777		5,777	3,108
	Domestic costs				2,793		2,793	1,105
	Telephone, broadband	and		WiFi	1,445		1,445	1,247
	Sundry expenditure				2035		2,035	1,027
					159,641	1,265	160&906	128,104
3(b)	Activities for generating			funds
	Cost offund raising events				6,600	1,953	8,553	4,077
	Bookshop				4,879		4,879	1,666
	CoFse Shop				9,399		9,399	2,894
	Fees				1,840		1,840	1,603
	Magazine				359		359	45
					23,077	1,953	25,030	10,285
3(c)	Extraordinary items
	Re-lighting nave and side			aisles	48,215		48,215
	Re-lighting choir &reredos				7,390		7,390
	Cafe extension & refit				64,116		64,116	63,382
	Cal Tables & Chairs				4,205	5,824	10,029	3,321
	Church rewarpeting				16,419		16,419
	Development Professional			Fees	9,191		9,191	26,963
	Coach House re-rooang							35,255
	Sound and Streaming	system						27,720
					149,535	5,824	155,359	156,641
	TOTAL EXPENDITURE				332,254	9,042	341,296	295,030

of Financial Acti	vities	forthe year ending 31	December 202	2
FIXEDASSETS				2022	2021
Tangible Investments				1,020	2,244
Depreciation				(1,020)	(1,224)
					1,020
CURRENT ASSETS:SUNDRY DEBTORS
Tax recoverable	-Unrestricted			11,837	14,300
Tax recoverable	- Restricted
Unrestricted debtors					3,455
				11,837	17,755
LIABILITIES:SUNDRY CREDITORS
Unrestricted					14,905
Restricted					175
				2,791	15,080
PARISH FUNDS			31/12/2021	Movement	31/12/2022
Unrestricted funds
Designated
Fabric fund			79,453	(55,488)	23,965
Coach House: Mission		Hub		39,974	39,974
Tower fund			6,766		6,766
General Reserve General fund	fund		33,500 67.COD	11,500 ~(67.DM	45,000
Total designated	funds		186,719	(71,014)	115,705
General fund			56	35595	35,651
Total unrestricted	funds		186,775	(35,419)	151,356
Restricted funds
Vicar &chuchwardens		R&E:accincome fund	1,087	1,254	2,341
Vicar &chuchwardens		Discfund	2,810	34	2,844
Fabric fund			4,804	(4,804)	0
Tower fund			168	1,747	1,915
Choir fund			392	(392)
Flower fund			2,542	(195)	2,347
Bel I fund			15,163		15,163
Coach House: Mission		Hub	1,129		6,129
Youth Evangelism Grant Church weekend fund			207 89		207 89
BeI I ringers fund				4,853	4,853
Total restricted funds			28,391	7,498	35,889
TOTAL FUNDS			215,166	(27,921)	187,245

		From	From	TOTAL
		Collections	Church
		and Events	Funds
Ukraine Support Fund		1,265		1,265
National	Churches Trust		50	50
Somerset	Churches Trust		50	50
		1,265		1,365

VICAR &CHURCHWA Restricted	RDENS' RELIGIOU	S EDUCATtON
Balance as 1January	2022	1,087
Income: CBFfund		1,254
		2,341
Expenditure
Balance as at 31December 2022		2,341

VICAR &CHURCHWA	RDENS' DISCRETIO	NARY FUND
Restricted
Balance as 1January	2022	2,810
Income: CBFFund
Expenditure
Balance as at 31December 2022		2,844

COACH	HO	U	SE FUND (Nlission Hub	)
				Designated	Restricted
Balance	as	at	1 January 2022		1,219
Legacies				39,974
Grant					5,000
Balance	as	at	31December 2022	39974	6,219
NOTE

FABRIC FUND
	Designated	Restricted
Balance as at 1)anuary 2022	79,453	4,804
Legacies &Donations	33,000	160
Memorial window		1,200
LPOW Grant	12,572
Investment income	260
	125,285	6,164
Less
Architect fees	9,191
Memorial engraving		340
Coffee Shop Kitchen	64,116
Coffee Shop: tables &chairs	4,205	5,824
Church recarpeting	16,419
Chance I Lighting	7,390
	101,321	6,164
Balances asat31December 2022	23,964