2022-12-31-accounts

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FINANCIAL STATEMENTS

The Parochial Church Council of the Ecclesiastical Parish of Bishops Cleeve For the year ended 31 December 2022

Prepared by ADM Accountancy Services Limited

3 Independent Examiners Report
4 Statement of Financial Activities
6 Balance Sheet
7 Notes to the Financial Statements
10 Children and Families Fund
11 Fabric and Development Fund
12 Rope Close Fund
13 Churchyard Fund
14 Organ Fund
15 General Fund
16 Southam Church - General Fund
17 Southam Church - Fabric Fund

The Parochial Church Council of the Ecclesiastical Parish of Bishops Cleeve Page 2 of 17

FINANCIAL STATEMENTS

Independent Examiners Report

The Parochial Church Council of the Ecclesiastical Parish of Bishops Cleeve For the year ended 31 December 2022

We report on the accounts of the charity for the year ended 31 December 2022.

Respective responsibilities of trustees and examiner

The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year. `it is our responsibility to carry out procedures designed to enable us to report our opinion.

Basis of opinion

Our work was conducted in accordance with the Statement of Standards for Reporting Accountants, and so our procedures consisted of comparing the accounts with the accounting records kept by the company, and making such limited enquiries of the officers of the company as we considered necessary for the purposes of the report. These procedures provide only the assurance expressed in our opinion.

Opinion

In our opinion:

The accounts, including the revenue account and balance sheet, are in agreement with the accounting records kept by the society under s75 of the Co- operative and Community Benefit Societies Act 2014;

Having regard only to, and on the basis of, the information contained in those accounting records, the revenue account and balance sheet comply with the requirements of the Co-operative and Community Benefit Societies Act 2014; and
For the preceding period of account, the financial criteria for the exercise of the power conferred by section 84 were met in relation to the year.

Signature. . . . . . . . . . . . . . . . . . . . . . . . . . .

Andrew Moss

ADM Accountancy Services Ltd

10 Homelands Commercial Centre

Bishops Cleeve

Cheltenham

Date: 16th May 2023

The Parochial Church Council of the Ecclesiastical Parish of Bishops Cleeve Page 3 of 17

FINANCIAL STATEMENTS

Statement of Financial Activities

The Parochial Church Council of the Ecclesiastical Parish of Bishops Cleeve For the year ended 31 December 2022

Statement of Financial Activities The Parochial Church Council of the Ecclesiastical Parish of Bishops Cleeve For the year ended 31 December 2022	Statement of Financial Activities The Parochial Church Council of the Ecclesiastical Parish of Bishops Cleeve For the year ended 31 December 2022	Statement of Financial Activities The Parochial Church Council of the Ecclesiastical Parish of Bishops Cleeve For the year ended 31 December 2022
NOTES UNRESTRICTED RESTRICTED 2022 TOTAL 2021 TOTAL
Incoming resourses
	Incoming resources from donations, legacies and similar
	Gift aided income 1 150,375 - 150,375 177,300
	Collections and donations 2 19,293 500 19,793 18,694
	Legacies and similar 3 350 - 350 4,000 Incoming resources from operating activities
		Investment income 4 103 - 103 53 Other incoming resources
		Weddings 15,317 - 15,317 12,893
		Funerals 15,415 - 15,415 17,080
		Income (Baptism) 435 - 435 100
		Grants - 6,986 6,986 33,723
		Total Other incoming resources 31,166 6,986 38,152 63,796
Total Incoming resourses 201,287 7,486 208,774 263,842 Resources expended
	Other expenditure
	Direct costs 116,027 10 116,037 114,234
	Administration 19,968 788 20,757 16,083
	Clergy expenditure 6,170 - 6,170 8,138
	Salaries 54,816 - 54,816 68,706
	Repairs and maintenance 10,913 5,683 16,596 28,468
	Utilities 18,832 - 18,832 13,926
	Total Other expenditure 226,727 6,481 233,208 249,556
	Transfer of Funds (2,000) 2,000 - -
	Total Resources expended 224,727 8,481 233,208 249,556
Net surplus (deficit) for the year (23,439) (995) (24,434) 14,286 NOTES UNRESTRICTED RESTRICTED 2022 TOTAL 2021 TOTAL
1. Gift Aided Income
Income (PGS) 131,885 - 131,885 134,470
Income (Gift Aid) 10,407 - 10,407 6,349
Income (Gift Aid to be claimed) 1,812 - 1,812 1,377
Income (Standing Orders) 1,332 - 1,332 5,052
Income (Electronic Donations) 4,938 - 4,938 22,415
Income (Fabric) - - - 7,637
Total Gift Aided Income 150,375 - 150,375 177,300

The Parochial Church Council of the Ecclesiastical Parish of Bishops Cleeve Page 4 of 17

FINANCIAL STATEMENTS

Statement of Financial Activities

	NOTES	UNRESTRICTED	RESTRICTED	2022 TOTAL	2021 TOTAL
2. Collections and Donations
Income (Cash and cheque donations)		17,680	-	17,680	17,994
Income (Out of The Ashes)		1,613	-	1,613	-
Income (Rope Fund)		-	500	500	700
Total Collections and Donations		19,293	500	19,793	18,694
	NOTES	UNRESTRICTED	RESTRICTED	2022 TOTAL	2021 TOTAL
3. Legacies and Similar
Income (Legacies)		350	-	350	4,000
Total Legacies and Similar		350	-	350	4,000
	NOTES	UNRESTRICTED	RESTRICTED	2022 TOTAL	2021 TOTAL
4. Investment Income
Income (Banking Interest)		103	-	103	53
Total Investment Income		103	-	103	53
	NOTES	UNRESTRICTED	RESTRICTED	2022 TOTAL	2021 TOTAL
5. Other Incoming Resources
Income from weddings		15,317	-	15,317	12,893
Income from funerals		15,415	-	15,415	17,080
Income (Baptism)		435	-	435	100
Grants		-	6,986	6,986	33,723
Total Other Incoming Resources		31,166	6,986	38,152	63,796
	NOTES	UNRESTRICTED	RESTRICTED	2022 TOTAL	2021 TOTAL
6. Other Expenditure
Direct costs		116,027	10	116,037	114,234
Administration expenses		19,968	788	20,757	16,083
Repairs and maintenance		10,913	5,683	16,596	28,468
Utilities		18,832	-	18,832	13,926
Administration salaries		54,816	-	54,816	68,706
Clergy expenses		6,170	-	6,170	8,138
Total Other Expenditure		226,727	6,481	233,208	249,556

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FINANCIAL STATEMENTS

Balance Sheet

The Parochial Church Council of the Ecclesiastical Parish of Bishops Cleeve As at 31 December 2022

As at 31 December 2022
	NOTES	31 DEC 2022	31 DEC 2021
Fixed Assets
Tangible Fixed Assets	2	1,685	2,973
Total Fixed Assets		1,685	2,973
Current Assets
Debtors and prepayments	3	4,164	-
Cash at bank and in hand	4	106,704	128,686
Total Current Assets		110,868	128,686
Liabilities: amounts falling due withinone year
Other creditors and accruals	5	10,130	4,802
Rounding		-	-
Net Current Assets		100,738	123,884
Total Assets		102,423	126,857
Funds
Restricted Funds	6	8,304	9,299
Unrestricted Funds	7	94,119	117,558
Total Funds		102,423	126,857

The accounts were approved by the board of trustees on 16th May 2023 and signed on its behalf by:

Rev. Tim Garrett

Charity No. 1135929

The Parochial Church Council of the Ecclesiastical Parish of Bishops Cleeve Page 6 of 17

FINANCIAL STATEMENTS

Notes to the Financial Statements

The Parochial Church Council of the Ecclesiastical Parish of Bishops Cleeve For the year ended 31 December 2022

1. Accounting Policies

Basis of preparing the financial statements

The financial statements are prepared under the historical cost convention adopting the following principle accounting policies all of which

Incoming resources - Donations and gifts are reflected in the financial accounts when they are received.

Resources expended - Expenditure is included in the financial accounts as incurred.

Investments - Investments are included in the financial accounts at the lower of cost or estimated value.

Reserves - The PCC will maintain three month's costs in general reserves at all times.

References to churches - All figures that relate to The Ascension Southam are noted as such. All other figures relate to St Michael's Bishops Cleeve.

Tangible fixed assets

Depreciation is provided, at the following annual rates in order to write off each asset over its estimated useful life.

Account	Method	Rate
Church and Office Equipment	Straight Line	25%

Investments

Fixed asset investments are stated at cost less any provision for diminution in value.

2022 2021	2022 2021	2022 2021
2. Tangible Assets
	Office and church equipment
		Cost
		Opening Balance 5,150 3,154
		Church and Office Equipment - 1,996
		Total Cost 5,150 5,150 Depreciation
		Opening Balance (2,177) (1,014)
		Less Accumulated Depreciation on Church and Office Equipment (1,287) (1,163)
		Total Depreciation (3,464) (2,177)
		Total Office and church equipment 1,685 2,973
	Total Tangible Assets 1,685 2,973

The Parochial Church Council of the Ecclesiastical Parish of Bishops Cleeve Page 7 of 17

FINANCIAL STATEMENTS

Notes to the Financial Statements

	2022	2021
3. Debtors
Prepayments and accrued income	4,164	-
Total Debtors	4,164	-
	2022	2021
4. Cash at Bankand in Hand
Petty Cash	82	70
PCC Current Account	22,697	46,800
Business Reserve Account	37,599	37,518
Southam Current Account	46,326	44,299
Total Cash at Bank and in Hand	106,704	128,686

	2022	2021
5. Creditors
Accounts payable	6,882	2,097
Accruals and deferred income	3,248	2,705
Other creditors	-	-
Total Creditors	10,130	4,802

6. Restricted Fund 5

Fund	Note	Opening Balance	Fund Income	Fund Expenditure	Transfers	Closing Balance
		£	£	£	£	£
Children and Families	1	2,000			(2,000)	0
Fabric and Development	2	633	584	( 788)		429
Rope	3	2,331	500	( 10)		2,821
Churchyard	4	3,835	6,402	( 5,683)		4,554
Organ	5	500				500
Totals		9,299	7,486	( 6,481)	(2,000)	8,304

This Fund is used to fund the work of the Children and Family Minister.
Fabric and Development Fund - This fund is used for maintenance and improvement of the fabric of the church.
Rope Close Fund - This fund is used for the maintenance of the church bells and ropes.
Churchyard Fund - This fund is for the maintenance of the churchyard and graveyard.
Organ Fund - This fund is for the service of the organ.

7. Unrestricted Fund

These funds have been designated and reviewed annually by the Trustees from unrestricted general funds for the following specific purposes.

The Parochial Church Council of the Ecclesiastical Parish of Bishops Cleeve Page 8 of 17

FINANCIAL STATEMENTS

Notes to the Financial Statements

Fund	Note	Opening Balance	Fund Income	Fund Expenditure	Transfers	Closing Balance
		£	£	£		£
Southam Church - General	1	775	10,534	( 8,372)		2,937
Southam Church - Fabric	2	43,525	86	( 221)		43,390
Total Designated		44,300	10,620	( 8,593)		46,327
General	3	73,258	196,668	(224,134)	2,000	47,792
Total Unrestricted		117,558	207,288	(232,727)	2,000	94,119

Southam Church General - The fund is used for the upkeep and maintenance of the Church of the Ascension Southam. 2. Southam Church Fabric Fund - The fund is used for the maintenance and improvement of the fabric of the Church of the Ascension.
It is PCC policy that the general reserves should at all times hold one month's of expenditure in reserves; and this should be increased. General reserves also include the Designated Funds shown in note 9.

8. Designated Fund

The following Designated Funds are included within the General Fund as PCC reserve the right to use the funds for other purposes if needed.

Designated Fund	Note	Opening Balance	Fund Income	Fund Expenditure	Transfers	Closing Balance
		£	£	£	£	£
Designated Children and Families Fund	1	25,130	7,734	( 5,280)	2,000	29,584
Designated Fabric Fund	2	5,000			2,500	7,500
Designated Organ Fund	3	10,000			2,000	12,000
Designated Emergency Fund	4	600				600

Designated Children and Families Fund - The fund is designated, but not restricted, to be used to fund the work of the Children's and Family Minister.
Designated Fabric Fund - The fund is designated, but not restricted, to be used for the maintenance and improvement of the fabric of the Church of the Ascension.
Designated Organ Fund - The fund is designated, but not restricted, to be used for the servicing of the organ.
Designated Emergency Fund - The fund is designated, but not restricted, to be used for emergency support to those in need at the discretion of the Rector and in accordance with the rules laid out in the financial handbook.

The Parochial Church Council of the Ecclesiastical Parish of Bishops Cleeve Page 9 of 17

FINANCIAL STATEMENTS

Children and Families Fund

The Parochial Church Council of the Ecclesiastical Parish of Bishops Cleeve For the year ended 31 December 2022

For the year ended 31 December 2022
	2022	2021
Childrens and Families Fund Account
Opening Balances	2,000	14,253
Transfer to designated Children & Families Fund
Transfer of Funds	(2,000)	(12,253)
Closing Balance	-	2,000

The Parochial Church Council of the Ecclesiastical Parish of Bishops Cleeve Page 10 of 17

FINANCIAL STATEMENTS

Fabric and Development Fund

The Parochial Church Council of the Ecclesiastical Parish of Bishops Cleeve For the year ended 31 December 2022

Fabric and Development Fund The Parochial Church Council of the Ecclesiastical Parish of Bishops Cleeve For the year ended 31 December 2022	Fabric and Development Fund The Parochial Church Council of the Ecclesiastical Parish of Bishops Cleeve For the year ended 31 December 2022
2022 2021
Fabric Fund Account
	Opening Balance 633 6,293 Income
	Donations and grants 584 9,833
	Other - 500
	Total Income 584 10,333 Expenditure
	Admin 788 788
	Repairs and maintenance - 15,205
	Total Expenditure 788 15,993
Closing Balance 429 633

The Parochial Church Council of the Ecclesiastical Parish of Bishops Cleeve Page 11 of 17

FINANCIAL STATEMENTS

Rope Close Fund

The Parochial Church Council of the Ecclesiastical Parish of Bishops Cleeve For the year ended 31 December 2022

Rope Close Fund The Parochial Church Council of the Ecclesiastical Parish of Bishops Cleeve For the year ended 31 December 2022	Rope Close Fund The Parochial Church Council of the Ecclesiastical Parish of Bishops Cleeve For the year ended 31 December 2022
2022 2021
Rope Close Fund Account
	Opening Balance 2,331 1,681 Income
	Donations 500 700
	Total Income 500 700 Expenditure
	Repairs and maintenance 10 50
	Total Expenditure 10 50
Closing Balance 2,821 2,331

The Parochial Church Council of the Ecclesiastical Parish of Bishops Cleeve Page 12 of 17

FINANCIAL STATEMENTS

Churchyard Fund

The Parochial Church Council of the Ecclesiastical Parish of Bishops Cleeve For the year ended 31 December 2022

Churchyard Fund The Parochial Church Council of the Ecclesiastical Parish of Bishops Cleeve For the year ended 31 December 2022	Churchyard Fund The Parochial Church Council of the Ecclesiastical Parish of Bishops Cleeve For the year ended 31 December 2022
2022 2021
Churchyard Fund Account
	Opening Balances 3,835 2,125 Income
	Grants received 6,402 6,204
	Total Income 6,402 6,204 Expenditure
	Repairs and maintenance - 428
	Other expense 5,683 4,066
	Total Expenditure 5,683 4,494
C	losing Balance 4,554 3,835

Closing Balance

The Parochial Church Council of the Ecclesiastical Parish of Bishops Cleeve Page 13 of 17

FINANCIAL STATEMENTS

Organ Fund

The Parochial Church Council of the Ecclesiastical Parish of Bishops Cleeve For the year ended 31 December 2022

Organ Fund The Parochial Church Council of the Ecclesiastical Parish of Bishops Cleeve For the year ended 31 December 2022	Organ Fund The Parochial Church Council of the Ecclesiastical Parish of Bishops Cleeve For the year ended 31 December 2022
NOTES 2022 2021
Organ Fund
	Opening Balances 500 - Income
	Legacy income - 500
	Total Income - 500
	Total Organ Fund 500 500
Closing funds 500 500

The Parochial Church Council of the Ecclesiastical Parish of Bishops Cleeve Page 14 of 17

FINANCIAL STATEMENTS

General Fund

The Parochial Church Council of the Ecclesiastical Parish of Bishops Cleeve For the year ended 31 December 2022

General Fund The Parochial Church Council of the Ecclesiastical Parish of Bishops Cleeve For the year ended 31 December 2022	General Fund The Parochial Church Council of the Ecclesiastical Parish of Bishops Cleeve For the year ended 31 December 2022
2022 2021
General Fund Account
Opening Balance 73,258 39,031 Income
Gift aided income 11,718 29,419
Collections and donations 16,410 14,950
Investment income 12 28
Wedding, funerals and baptism 30,292 29,522
Grants - 22,788
Legacies 350 3,000
Income (PGS) 131,885 134,470
Income (Southam contribution) 6,000 10,017
Total Income 196,668 244,195 Expenditure
	Expense
	Parish Share 94,596 94,596
	Diocesan Board of Finance Payment 5,035 9,764
	Parish Fee (Stewarding) 3,175 3,072
	Wedding additional costs 2,081 2,905
	Parish Fee (Funeral) 886 805
	Parish Fee (Baptism) 29 -
	Music 1,231 827
	Specified donations 3,808 142
	Children and families expenses 5,186 2,123
	Administration expenses 19,022 14,952
	Clergy expenses 6,170 8,138
	Salaries 54,816 68,706
	Repairs and maintenance 10,342 3,279
	Utilities 17,757 12,911
	Total Expense 224,134 222,221 Transfer of Funds to Restricted Funds
	Transfer of Funds (2,000) (12,253)
Closing Balance 47,792 73,258

The General Fund includes the following designated funds:

Designated Children and Families Fund Designated Fabric Fund

Designated Organ Fund

FINANCIAL STATEMENTS The Parochial Church Council of the Ecclesiastical Parish of Bishops Cleeve Page 15 of 17

Southam Church - General Fund

The Parochial Church Council of the Ecclesiastical Parish of Bishops Cleeve For the year ended 31 December 2022

Southam Church - General Fund The Parochial Church Council of the Ecclesiastical Parish of Bishops Cleeve For the year ended 31 December 2022	Southam Church - General Fund The Parochial Church Council of the Ecclesiastical Parish of Bishops Cleeve For the year ended 31 December 2022
2022 2021
Southam Church -General Fund Account
	Opening Balance 775 665 Income
	Collections and donations 2,883 2,539
	Income (Other Grants) - 3,000
	Investment income 6 25
	Gift aided income 4,959 4,605
	Gift Aid SDS 1,812 1,168
	Other income 874 551
	Total Income 10,534 11,888 Expenditure
	Income (Southam contribution) 6,000 10,017
	Administration expenses 946 343
	Repairs and maintenance 350 403
	Utilities 241 282
	Insurance 835 733
	Total Expenditure 8,372 11,778
Closing Balance 2,937 775

The Parochial Church Council of the Ecclesiastical Parish of Bishops Cleeve Page 16 of 17

FINANCIAL STATEMENTS

Southam Church - Fabric Fund

The Parochial Church Council of the Ecclesiastical Parish of Bishops Cleeve For the year ended 31 December 2022

Southam Church - Fabric Fund The Parochial Church Council of the Ecclesiastical Parish of Bishops Cleeve For the year ended 31 December 2022	Southam Church - Fabric Fund The Parochial Church Council of the Ecclesiastical Parish of Bishops Cleeve For the year ended 31 December 2022
2022 2021
Southam Church - Fabric Fund Accounts
	Opening Balance 43,525 48,523 Income
	Investment income 86 -
	Collections and donations - 40
	Total Income 86 40 Expenditure
	Other repairs and maintenance 221 5,038
	Total Expenditure 221 5,038
Closing Balance 43,390 43,525

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FINANCIAL STATEMENTS

FINANCIAL STATEMENTS

Contents

Independent Examiners Report

The Parochial Church Council of the Ecclesiastical Parish of Bishops Cleeve For the year ended 31 December 2022

Respective responsibilities of trustees and examiner

Basis of opinion

Opinion

Statement of Financial Activities

The Parochial Church Council of the Ecclesiastical Parish of Bishops Cleeve For the year ended 31 December 2022

Balance Sheet

The Parochial Church Council of the Ecclesiastical Parish of Bishops Cleeve As at 31 December 2022

Notes to the Financial Statements

The Parochial Church Council of the Ecclesiastical Parish of Bishops Cleeve For the year ended 31 December 2022

1. Accounting Policies

Basis of preparing the financial statements

Tangible fixed assets

Investments

6. Restricted Fund 5

7. Unrestricted Fund

8. Designated Fund

Children and Families Fund

The Parochial Church Council of the Ecclesiastical Parish of Bishops Cleeve For the year ended 31 December 2022

Fabric and Development Fund

The Parochial Church Council of the Ecclesiastical Parish of Bishops Cleeve For the year ended 31 December 2022

Rope Close Fund

The Parochial Church Council of the Ecclesiastical Parish of Bishops Cleeve For the year ended 31 December 2022

Churchyard Fund

The Parochial Church Council of the Ecclesiastical Parish of Bishops Cleeve For the year ended 31 December 2022

Organ Fund

The Parochial Church Council of the Ecclesiastical Parish of Bishops Cleeve For the year ended 31 December 2022

General Fund

The Parochial Church Council of the Ecclesiastical Parish of Bishops Cleeve For the year ended 31 December 2022

Southam Church - General Fund

The Parochial Church Council of the Ecclesiastical Parish of Bishops Cleeve For the year ended 31 December 2022

Southam Church - Fabric Fund

The Parochial Church Council of the Ecclesiastical Parish of Bishops Cleeve For the year ended 31 December 2022