| INDEX | ||||
|---|---|---|---|---|
| PAGES | ||||
| ANNUAL REPORT |
1-3 | |||
| INDEPENDENT | EXAMINER'S | REPORT | ||
| STATEMENT OF | FINANCIAL | ACTIVITIES | ||
| BALANCE SHEET | ||||
| NOTES TO THE | FINANCIAL | STATEMENTS | 7 —14 |
| ANNUAL R Year ended |
ANNUAL R Year ended |
EPORT 31December 2022 |
EPORT 31December 2022 |
|---|---|---|---|
| PCC members | who have served from 1January 2022 until the date this report was approved are: | ||
| Incumbent: | Revd. P. H. Smith | ||
| Curate: | Revd. T. Larkin (Until Dec 2022) | ||
| Associate | Ministers: | Revd. Robert Carter | |
| Revd. G. Hartnell | |||
| Resident | Minister | Revd. T.Eady (until Oct 2022) | |
| Local Mission | Leader: | V.Whittaker | |
| Parish Wardens: | J.Wright (Until May 2022 AGM) | ||
| C.Strange (until August 2022) | |||
| B.Blaney (From May 2022 AGM —Jan 2023) | |||
| Assistant | Wardens: | A. Bailey (From May 2022 AGM) PCC Vice Chair | |
| P. Kisby | |||
| R Kisby | |||
| S.Perry | |||
| R.Brettel (From September 2022 AGM) | |||
| G. Harper (from AGM 2022) | |||
| Representatives | on Deanery Synod: | A. Evans | |
| R.Whittaker | |||
| D. Kinghorn (Until Sept 2023) |
|||
| Susan Pounde (until AGM 2023) | |||
| Vacancies (2) | |||
| Other Elected PCC Members: | M. Cooke | ||
| S.Lee | |||
| B.Blaney (Until May 2022 AGM) | |||
| C Duke (Treasurer) | |||
| A. Wynter | |||
| B.Swatman (Until May 2022 AGM) |
|||
| A. Rock (Until May 2022 AGM) | |||
| K. Birhah | |||
| M. Harris | |||
| T.Woodhouse | |||
| A Bailey (Until May 2022 AGM) | |||
| JGreen | |||
| PTeece | |||
| Secretary | -Co-opted | LBraiden |
| STATEMENT OF FINANCIAL | ACTI | VITIES | ||||
|---|---|---|---|---|---|---|
| Year ended 31 December 2022 | ||||||
| unrestricted | Restricted | Endowment | Total | Funds | ||
| 2022 | 2021 | |||||
| Note | f | f | a | s | ||
| INCOMING RESOURCES | ||||||
| Donations and legacies |
2(a) | 240,442 | 240,442 | 210,540 | ||
| Other voluntary incoming |
||||||
| resources | 2(b) | 35,472 | 35,472 | 13,947 | ||
| Other income from | ||||||
| operating activities |
2(c) | 14,709 | 14,709 | 13,711 | ||
| Income from investments | 2(d) | 7,035 | 7,035 | 6,899 | ||
| TOTAL INCOMING RESOURCES | 290,623 | 7,035 | 297,658 | 245,097 | ||
| RESOURCES EXPENDED | ||||||
| Grants Activities directly relating to |
3(a) | 7,513 | 7,513 | 1,667 | ||
| work ofthe Church | 3(b) | 211,437 | 5,500 | 216,937 | 208,078 | |
| Fundraising and publicity Church management and |
3(c) | 2,279 | 2,279 | 3,889 | ||
| administration | 3(d) | 37,345 | 37,345 | 34,819 | ||
| TOTAL RESOURCES EXPENDED | 258,573 | 5,500 | 264,073 | 248,453 | ||
| NET INCOMING RESOURCES | 32,049 | 1,535 | 33,584 | (3„356) | ||
| (LOSS)/GAIN ON INVESTMENTS |
||||||
| Unrealised | (29,400) | (29,400) | 31,635 | |||
| NET MOVEMENT IN FUNDS |
32,049 | (27,865) | 4,184 | 28,279 | ||
| BALANCES BROUGHT FORWARD | ||||||
| AT 1 JANUARY 2022 | 14,959 | 280,918 | 295,877 | 267,598 | ||
| BALANCES CARRIED FORWARD | ||||||
| AT31DECEMBER 2022 | 47,008 | 253,053 | 300,061 | 295,87? |
| PENN FIELDS PAROCHIAL CHURCH BALANCE SHEET |
PENN FIELDS PAROCHIAL CHURCH BALANCE SHEET |
PENN FIELDS PAROCHIAL CHURCH BALANCE SHEET |
COUN | CIL | |
|---|---|---|---|---|---|
| Year ended 31 December 2022 | |||||
| 2022 | 2021 | ||||
| Note | |||||
| FIXEDASSETS: | |||||
| Tangible assets | |||||
| investments | 218,053 | 245,919 | |||
| Debtors | 38,499 | 47,933 | |||
| Cash at bank and | in hand | 97,023 | 79,078 | ||
| 135,522 | 127,011 | ||||
| LIABILITIES:Amounts | falling due within one year | (3,514) | (22,052) | ||
| NET CURRENT ASSETS | 132,008 | 104,958 | |||
| LIABILITIES:Amounts | falling more than one year | 9A | (50,000) | (55,000) | |
| TOTAL ASSETS | LESS | CURRENT LIABILITIES | 300,061 | 295,877 | |
| NET ASSETS | 300,061 | 295,877 | |||
| FUNDS | |||||
| Unrestricted | |||||
| Restricted | 47,008 | 14,959 | |||
| Endowment | 253,053 | 280,918 | |||
| 300,061 | 295,877 |
| 2. | INCOMING RESOU | RCES | ||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Funds | ||||
| Funds f |
Funds s |
Fund s |
2022 4 |
2021 | ||||
| 2(a) | Incoming Resources from donors | |||||||
| Covenants Income tax recoverable Uncovenanted Collections (open plate) Gift Days Bequest - Eileen Cohen Sundrydonations Other sundry income |
on covenants at all services |
121,033 30,951 3,579 1,284 601 62,261 19,438 100 |
121,033 30,951 3,579 1,284 601 62,261 19,438 100 |
125,749 30,058 4,588 2,397 7,242 39,883 162 |
||||
| Contras Restricted | 1,196 | 1,196 | 462 | |||||
| 240,442 | 240,442 | 210,540 | ||||||
| 2(b) | Other voluntary incoming | resources | ||||||
| Grants Missionary societies home Donations, appeals, etc Fetes, bazaars, other fundraising |
events | 26,558 4,000 1,650 3,264 |
26,558 4,000 1,650 3,264 |
1,573 10,000 2,374 |
||||
| 35,472 | 35,472 | 13,947 | ||||||
| 2(c) | Incoming resources from |
operating | activity | |||||
| Church hall lettings etc Fees |
9,822 4,887 14,709 |
9,822 4,887 14,709 |
5,195 8,516 13,711 |
|||||
| 2(d) | Income from investments | |||||||
| Dividends and interest |
7,035 | 7,035 | 6,899 | |||||
| 7,035 | 7,035 | 6,899 | ||||||
| TOTAL INCOMING RESOURCES | 290,623 | 7,035 | 297,658 | 245,097 |
| 3. | RESOUCES EXPENDED | |||||
|---|---|---|---|---|---|---|
| 3(a) | Grants | Unrestricted Funds 6 |
Restricted Funds 6 |
Endowment Fund |
Total Funds 2022 6 |
Total Funds 2021 |
| Missionary and chentabie giving |
||||||
| Church overseas: | ||||||
| -Missionary societies Other Charities and societies overseas Overprovisions prior years |
2,537 4,976 |
2,537 4,976 |
2,060 8,157 |
|||
| (8,550) | ||||||
| 7,513 | 7,513 | 1,667 | ||||
| 3(b) | Activities directly misting to the Church | |||||
| Ministry: | ||||||
| -Diocesan quota -Clergy Expenses Church running expenses Church maintenance Vicars fees todiocese Office equipment repairs Families and Childrens workers |
105,913 7,012 30,548 37,125 303 5,389 25,147 211,437 |
5,500 5,500 |
105,913 7,012 30,548 37,125 303 5,389 30,647 216,937 |
119,846 5,497 21,992 39,031 145 21,567 208,078 |
||
| 3(c) | Costs ofgenerating funds |
|||||
| Fund-raising events |
2,279 | 2,279 | 3,889 | |||
| 3(d) | Church management and administration |
|||||
| External organist fees Wages Printing, postage and stationary Rent |
959 21,213 2,735 |
959 21,213 2,735 |
125 25,806 1,392 |
|||
| Accountancyfees Teaching notes/Bibles Miscellaneous |
1,500 2,719 8,219 |
1,500 2,719 8,219 |
1,434 2,255 3.808 |
|||
| 37,345 | 37,345 | 34,819 | ||||
| TOTAL RESOURCES EXPENDED | 258,573 | 5,500 | 264,073 | 248,453 |
| Ye | ar ended 31 December | 2 | 022 | ||
|---|---|---|---|---|---|
| 4. | STAFF COSTS | ||||
| 2022 6 |
2021f | ||||
| Wages and salaries | 51,860 | 47,373 | |||
| 5. | FIXEDASSETS | ||||
| Fixtures | |||||
| and fittings | |||||
| Tangible fixed assets | 6 | ||||
| COST | |||||
| At 1 January 2022 (estimated | value) | 48,782 | |||
| At 31 December 2022 | 48,782 | ||||
| DEPRECIATION | |||||
| At 1 January 2021 (20%straight Charge |
line) | 48,782 | |||
| At 31 December 2022 | 48,782 | ||||
| NET BOOK VALUE | |||||
| At 31 December 2022 | |||||
| At 31 December 2021 |
| INVESTMENTS | ||
|---|---|---|
| 2022f | 2021 | |
| Lichfield Diocesan Trust | ||
| Market value st 1 January 2022 | 245,918 | 220,921 |
| Unrealised (loss)/gain on investments |
(29,400) | 31,635 |
| Cash - Investment income dividends |
7,035 | 6,899 |
| Withdrawals | (5,500) | (13,536) |
| Market value at 31 December 2022 | 510,003 | 245,916 |
| Unrestricted | Restricted | Endowment | ||
|---|---|---|---|---|
| Fundf | Fund f |
Fund f |
Totalf | |
| Fixed assets Current assets Current liabilities Liabilities more than one year |
100,522 (3,514) 50000 |
210,053 35,000 |
218,0S3 135,522 (3,514) ~00,000 |
|
| 47,008 | 253,053 | 300,001 |
| DEBTORS | ||
|---|---|---|
| 2022 | 2021 | |
| f | ||
| Income tax recoverable Prspayments |
3,499 | 12,100 |
| Other Debtors | 35,000 | 35,633 |
| 38,499 | 47,933 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Accruals | f | f | ||||
| Endownment Fund- Parish Share |
Salary Balance | 1,395 | 93000 6,000 |
|||
| Other creditors | 2,119 | 7,052 | ||||
| 3,514 | 22,052 | |||||
| 9A. LIABILITIES:AMOUNTS FALLING DUE MORE | THAN ONE | YEAR | ||||
| 2022 | 2021 | |||||
| Loan - development | fund Mary Grainger | Fund | 35,000 | 35,000 | ||
| Loans from members | 15,000 | 20,000 | ||||
| 0,000 | ,00 | |||||
| 10.ANALYSIS OF MOVEMENTS ON | FUNDS | |||||
| Balance | ||||||
| Brought Forward 01.01.22 f |
Movement Income f |
in Funds Expenditure f |
Gains and Losses f |
Balance Carried Forward 31.12.22 f |
||
| St Philip's general fund StAidan's general fund St Philip's endowment fund St Philip's development fund St Philip's youth project St Philip's holiday club Busy Bees and Mums and Toddlers St Philip's The Hub |
5,558 23,648 280,918 (43,716) 4,785 850 1,761 2,363 |
140,863 20,947 7,035 8,982 17,663 821 1,113 |
(97,206) (28,165) (5,500) (11,193) (20,948) (561) (1,928) |
(29,400) | 49„215 16,430 253,053 (45,927) 1,499 850 2,021 1,548 |
|
| St.Joseph's DCC | 276,167 19,710 |
197,424 100,234 |
(165,501) 98,572) |
(29,400) | 278,689 2'f 372 |
|
| 295877 | 297,658 | (264,073) | (29,400) | 300,061 | ||
| 1.RECONCILIATION | OF MOVEMENTS ON AGGREGATED FUNDS | |||||
| 2022f | 2021f | |||||
| Balance brought forward Excess of income over expenditure Gains and losses Balance canted forward |
295,877 33,584 ~00 3 0. 0 |
267,598 (3,356) 31,635 ,0 |
| INCONIING RESOURCES | Unresticted Funds 8 |
Designated Funds |
Restricted Funds f |
Endowment Funds |
Total Funds 2021 5 |
|---|---|---|---|---|---|
| Donations and legacies Other voluntary incoming resources |
210,540 13,947 |
210,540 13,947 |
|||
| Other income from | |||||
| operating activities |
13,711 | 13,711 | |||
| Income from investments | 6,899 | 6,899 | |||
| Total | 238,198 | 6,899 | 245,097 | ||
| RESOURCES EXPENDED | |||||
| Grants Activities directly relating |
1,667 | 1,667 | |||
| to the work ofthe Church Funderaising and publicity Church management and administration |
205,078 3,889 5,327 |
3,000 29,492 |
208,078 3,889 34,819 |
||
| 215961 | 32,492 | 248,453 | |||
| Net income/(expenditure) | 22,237 - | 25,593 | 3,356 | ||
| Losses on Investments | |||||
| Unrealissd | |||||
| 31,635 | 31,635 | ||||
| Reconciliation offunds: |
|||||
| Total funds brought forward |
7,278 | 274,876 | 267,598 | ||
| Total funds carried forward | |||||
| at 31December 2021 | 14959 | 280,918 | 295,877 |