## **Independent examiner's report on the accounts** 

## **Section A                        Independent Examiner’s Report** 

|**Report to the trustees/**<br>**members of**<br>**On accounts for the year**<br>**ended**<br>**Set out on pages**|Charity Name<br>St Nicolas Church, Earley PCC|Charity Name<br>St Nicolas Church, Earley PCC|Charity Name<br>St Nicolas Church, Earley PCC|
|---|---|---|---|
|||||
||31 December 2022|**Charity no**<br>**(if any)**|1138037|
|||||
||1 & 2|||
||I report to the trustees on my examination of the accounts of the above<br>charity (“the Trust”) for the year ended**31st December 2021**.|||



**Responsibilities and** As the charity's trustees, you are responsible for the preparation of the **basis of report** accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). 

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. 

**Independent** I have completed my examination.  I confirm that no material matters have **examiner's statement** come to my attention in connection with the examination which gives me cause to believe that in, any material respect: 

- the accounting records were not kept in accordance with section 130 of the 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 of accounts 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 of an 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 of the accounts to be reached. 

**Date:** 5[th] April 2023 

**Signed: Name:** R A Sedgwick **Relevant professional** FCA. Fellow of the Institute of Chartered Accountants of England and Wales **qualification(s) or body (if any): Address:** 42 Gloucester Avenue, Shinfield, Reading, RG2 9GA 

1 

**Oct 2018** 

**IER** 



## **Section B                           Disclosure** 

Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). 

**Give here brief details of** None **any items that the examiner wishes to disclose** . 

2 

**Oct 2018** 

**IER** 



# **Annual Report and Financial Statements for** 

**The Parochial Church Council of the Ecclesiastical Parish of** 

**Earley St Nicolas** 

**for the year ended 31 December 2022** 

**Charity Registration Number: 1138037** 



**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EARLEY ST NICOLAS** Registered Charity in England and Wales No. 1138037 

## **Annual Report for the year ended 31 December 2022** 

## **Aims and Purpose** 

The Parochial Church Council (PCC) of Earley St Nicolas Church has the responsibility of cooperating with the Vicar in promoting the whole mission of the Church, pastoral, evangelistic, social, and ecumenical within the whole parish of Earley St Nicolas. 

## **Objectives and activities** 

The PCC is committed to enabling as many as possible to worship at our church and become part of the parish community of Earley St Nicolas. The PCC maintains an overview of worship throughout the parish under the leadership of the Vicar our services and worship put faith into practice through prayer and scripture, music, and sacrament. 

When planning our activities for the year, we have considered the Charity Commission’s guidance on public benefit, and in particular the specific guidance on charities for the advancement of religion. We try to enable people to live out their faith as part of our church community through: 

- Worship and prayer; learning about the gospel; developing their knowledge of and trust in Jesus Christ 

- Provision of pastoral care for people living in the parish, mission, and outreach work 

- maintaining and developing the church, centre, and grounds as a venue for church and community 

## **Our Mission** 

## To be _‘Open to God, open to one another, open to the community’_ 

We are followers of Christ who believe and seek to demonstrate that God is with and for all people. 

## **Our Values** 

|**Our Values**||
|---|---|
|**We are God Centred**<br>If it were not for God, we would not be here<br>we want the character and values of Jesus<br>Christ to be the bedrock of who we are as a<br>church. We have Holy Communion at the<br>heart of our worship where everyone is<br>welcome to receive.|**We are open and friendly**<br>We come as we are and anyone else can do<br>the same.<br>We are serious about our faith but do not<br>take ourselves too seriously.<br>We believe God loves and welcomes<br>everyone - we try to do the same.|
|**We are supportive**<br>We try to support people in the good times<br>and the bad. This support may be for a<br>person in our congregation, in the local<br>community or further afield.|**We are seeking justice for all**<br>Jesus had a particular connection with<br>people who were living in poverty, outcast<br>or marginalised. We aim to follow his<br>example by working directly, with charities<br>and with communities for a fairer world.|



Page **1** of **17** 



**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EARLEY ST NICOLAS Annual Report for the year ended 31 December 2022 (continued)** 

## **Achievements and performance** 

## **Worship and prayer** 

The PCC endeavours to offer a range of services during the week and over the course of the year that our community finds both beneficial and spiritually fulfilling. Our usual pattern of Sunday services includes two services of Holy Communion (8am and 10am) and an online evening prayer service We also have a weekly midweek communion service. We have additional services throughout the year, particularly during Christmas and Holy Week, when we hold a service each evening. The PCC is committed to having the church open every day for anyone who wishes to spend time in prayer or reflection. Morning prayer is said in church Monday-Thursday each week. 

The PCC has pledged to become a ‘hybrid’ church, committed to supporting those who worship virtually. Our 10am service is livestreamed on YouTube, and for those unable to access online services a CD recording of the service is delivered to them each week. The Wednesday communion service has a zoom link open, and our evening Sunday service is exclusively on Zoom.  During Easter and Christmas many of our services were also streamed live or included a zoom room. Our lent/advent courses were held on zoom, and our PCC meetings are both in person and on zoom.  The vicar and LLM (licensed lay minister) hold a communion service each month at the nursing home in the parish. 

All are welcome to attend our services. At present there are currently 141 on the parish Electoral Roll, 89 live within the parish. Attendance in person is around 45 for our 10am service. Online attendance is almost impossible to measure, but our Sunday services usually have around 25 views. 

## **Pastoral Care** 

We endeavour to keep in regular contact with our church family and thanks to volunteers have offered practical assistance wherever possible, and visiting when people are unable to come in person to church. Much support and mutual care takes place in Home Groups. We have an active prayer chain, which continues to pray for those within the church community. All prayer requests are prayed at morning prayer in church. 

## **Discipleship** 

We have a thriving network of Home Groups who have meet both in person and virtually using Zoom Most groups continue to follow a course, meeting fortnightly for fellowship, prayer and teaching. Other discipleship activities have included the Lent and Advent groups and Space to Breathe. 

## **Mission and outreach** 

We are delighted that the St Nicolas Centre is busy with many community groups.  The Montessori Nursery offers preschool care for local families, and a range of activites for adults, and children are held each week, such as dance, drama, Scouts groups, a choir, tai chi and yoga. 

There are also various fellowship groups that meet each week, for babies and carers, board game café, a popular community café and a monthly Memory café for those affected by dementia and their carers. Other organisations who use our space include; Parenting Special Children, Berkshire Vision and Women’s Business Network.   We have hosted lunches for local refugees, providing a safe space for people to gather, play games and eat together. 

Page **2** of **17** 



**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EARLEY ST NICOLAS Annual Report for the year ended 31 December 2022 (continued)** 

We offered spaces for holiday groups at Easter and family days in the Summer holidays. At Christmas we held a popular ‘Carols in the Car Park’ and a Crib/Christingle service.  School services for Easter, Harvest and Christmas were held in church, each attended by around 350 local children and parents.  We held a popular picnic celebration for the whole community to celebrate the Queen’s Jubilee. 

## **Financial Review of the Year** 

We remain very grateful to all our donors and have the joy of welcoming several new donors. Thank you everyone. After the two years of uncertainty due to the Covid-19 pandemic, 2022 saw an increased use of our facilities. The continued giving and increased rental income has enabled us to remain financially stable and our overall cash balances only dropped by £1,223, after making our loan repayments for the year. 

The accounts show gross income for the year of £140,031, of which £130,415 related to unrestricted funds and a further £9,616 was received for restricted funds. Of this gross income, £61,239 was unrestricted planned voluntary giving and £13,075 was from Gift Aid received into the General Fund. Income from renting the Church and Centre rose from £33,978 to £45,529. 

Unrestricted expenditure rose from £145,831 to £153,510 with the most significant increase being in Centre running costs. For both years this figure includes depreciation of £27,958 which is an accounting entry reflecting the use of our assets. Outward giving increased and a list of grants is included in the notes to the accounts. 

After reserve transfers the General Fund increased by £9,347 to £26,802. As in previous years, a transfer of £4,000 was made into the Major Repairs Fund which now stands at £18,544. 

During the year, the net movement on unrestricted funds was a decrease of £14,234 and the net movement on restricted funds was a decrease of £3,305. Total funds fell by £17,539 to £1,197,130. 

## **Reserves Policy** 

The PCC considers that it is appropriate to maintain a balance on free reserves equivalent to approximately three to four months of unrestricted expenditure to meet its needs, including its legal and constructive obligations and to smooth out fluctuations in cash flow. This is approximately £30,000. The balance of the General Fund at 31st December 2022 was £26,802. 

## **Investment Policy** 

It remains our policy to invest our funds balances with the Central Board of Finance (CBF) Church of England Deposit fund. 

## **Volunteers** 

We should like to thank all who work so hard to make our church the lively and vibrant community it is. We want to thank the current church wardens, Wendy Neale, Julia Jones and Jane Olney. They have worked tirelessly on our behalf. Thanks also to the members of the PCC for their valuable contribution to our ministry and for keeping the church running. 

Page **3** of **17** 



**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EARLEY ST NICOLAS Annual Report for the year ended 31 December 2022 (continued)** 

## **Administrative Information** 

St Nicolas Church, Earley is situated on Sutcliffe Avenue in Earley. It is part of the Diocese of Oxford within the Church of England. The correspondence address is St Nicolas Church, Sutcliffe Avenue, Earley, Reading RG6 7JN. 

The Parochial Church Council (PCC) was registered as a charity in England and Wales on 15 September 2010, under registration number 1138037 

## **Trustees** 

|**Trustees**||||
|---|---|---|---|
|Name|Position|Term||
|||Start|End|
|Revd April Beckerleg|Chair_Ex officio_|2020||
|Emma Major|Licensed Lay Minister_Ex officio_|||
||Deanery Synod Member (June 2021)|2021|2023|
|Wendy Neale|Co-Churchwarden_Ex officio_|2020|2023|
|Julia Jones|Co-Churchwarden and PCC member|2020|2023|
|Jane Olney|Churchwarden_Ex officio_|2021|2024|
|Jane Olney|Safeguarding Officer|2021|2024|
|Elizabeth Fielding|Elected Member, Treasurer|2021_ResignedMar ’23_||
|||(_2018_|_2021)_|
|Jenny Bryce|Deanery Synod Member_Ex officio_|2020|2023|
|||_(2017_|_2020)_|
|Elaine Spratling|Deanery Synod Member_Ex officio_|2020|2023|
|||_(2017_|_2020)_|
|David Pooler|Elected Member|2018_until April 2022_||
|Peter Kemm|Elected Member|Sept ‘20_Resigned April’22_||
|Julie Hull|Co-opted to Sept 20/Elected from Sept 20|2019|2022|
||Casual Vacancy|2022|2023|
|Denise Rees|Elected Member|2017|2023|
|Eleanor Gunbie|Elected Member|Sept ‘20|2023|
|John Louth|Elected Member|2021|2024|
|Doug Walrond|Elected Member|2021|2024|
|Peter Jeal|Elected Member|2022|2025|
|Uki Abu|Elected Member|2022|2025|
|Pat Holloway|Elected Member|2022|2025|
|**Non-Trustee members of PCC in regular attendance**||||
|Vicki Procko|PCC Secretary|2022|2023|
|||_(2021_|_2022)_|



Page **4** of **17** 



**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EARLEY ST NICOLAS Annual Report for the year ended 31 December 2022 (continued)** 

## **Structure, governance and management** 

The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. 

Members of the Parochial Church Council (PCC) are either ex officio or elected at the Annual Parochial Church Meeting in accordance with the Church Representation Rules. The appointment of PCC members is governed by and set out in the Church Representation Rules. Elected members are elected by those on the electoral role of the church. All Church attendees are encouraged to register on the Electoral Roll and hence are eligible to stand for election to the PCC. In addition, members may be co-opted as necessary. 

## **Structure and Governance** 

## _The Functions and purpose of the PCC_ 

PCC is a body corporate in its own right; in other words it has a legal status to which attach certain rights and duties. The key to the role of the PCC lies first of its general functions: cooperation with the vicar in promoting in the parish the whole mission of the church. Other powers, rights and responsibilities include: responsibilities for the financial affairs of the church, the care, maintenance, preservation and insurance of the fabric of the church and its goods; the care and maintenance of any churchyard; to decide jointly with the vicar forms of service to be used. 

## _Standing Committee_ 

This is the only committee required by law. It meets as and when necessary. 

## _Other Committees_ 

The PCC appoints sub-committees from time to time, who are all responsible to the PCC and report back regularly. 

Where appropriate the PCC delegates a level of financial responsibility to individual committees. The PCC follows the Diocese of Oxford Safeguarding Training Requirements. 

The PCC has a designated safeguarding officer, Jane Olney. 

Approved by the PCC on Tuesday 14 March 2023 and signed on their behalf by: 

Revd April Beckerleg 

Page **5** of **17** 



## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EARLEY ST NICOLAS** 

## **Statement of Financial Activities (SOFA) for the year ended 31st December 2022** 

|All figures in £<br>Note<br>**Income and Endowments from:**<br>Donations and Legacies<br>A1<br>Charitable Activities<br>A2<br>Other Trading Activities<br>A3<br>Investments<br>A4<br>**Total Income and Endowments**<br>**Expenditure on:**<br>Raising Funds<br>B1<br>Charitable Activities<br>B2<br>Governance costs<br>**Total Expenditure**<br>Net Gains/(Losses) on Investments<br>**Net Income/(Expenditure)**<br>Transfers between Funds<br>**Other Recognised Gains/(Losses)**<br>Gains/(Losses) on Revaluation of Fixed Assets<br>**Net Movement in Funds**<br>**Reconciliation of Funds:**<br>Total Funds brought forward<br>Total Funds carried forward|**Unrestricted**<br>**Funds**<br>**Restricted**<br>**Funds**<br>**Endowment**<br>**Funds**<br>**Total**<br>79,712<br>9,616<br>-<br>89,328<br>2,765<br>-<br>-<br>2,765<br>47,561<br>-<br>-<br>47,561<br>377<br>-<br>-<br>377<br>**130,415**<br>**9,616**<br>**-**<br>**140,031**<br>-<br>-<br>-<br>-<br>153,510<br>4,060<br>-<br>157,570<br>-<br>-<br>-<br>**153,510**<br>**4,060**<br>**-**<br>**157,570**<br>-<br>-<br>-<br>-<br>**(23,095)**<br>**5,556**<br>**-**<br>**(17,539)**<br>8,861<br>(8,861)<br>-<br>-<br>-<br>-<br>-<br>-<br>**(14,234)**<br>**(3,305)**<br>**-**<br>**(17,539)**<br>1,179,120<br>25,549<br>10,000<br>1,214,669<br>**1,164,886**<br>**22,244**<br>**10,000**<br>**1,197,130**<br>**2022**|**2021**<br>**Total**<br>95,065<br>1,117<br>36,500<br>27<br>**132,709**<br>-<br>147,462<br>-<br>**147,462**<br>-<br>**(14,753)**<br>-<br>-<br>**(14,753)**<br>1,229,422<br>**1,214,669**|
|---|---|---|



w The statement of financial activities includes all gains and losses recognised in the year. 

w All income and expenditure derives from continuing activities. 

w See Note G3 for the comparative SOFA 

Page 6 of 17 



## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EARLEY ST NICOLAS Balance Sheet as at 31st December 2022** 

|All figures in £<br>Note<br>**Fixed Assets:**<br>Tangible Assets<br>C1<br>**Total Fixed Assets**<br>**Current Assets:**<br>Debtors<br>D1<br>Cash at Bank and in Hand<br>D2<br>**Total Current Assets**<br>**Liabilities:**<br>Creditors: Amounts falling due within a year<br>E1<br>**Net Current Assets or Liabilities**<br>**Total Assets less Current Liabilities**<br>Creditors: Amounts falling due after one year<br>E2<br>Provisions for Liabilities<br>**Total Net Assets or Liabilities**<br>**The Funds of the Charity:**<br>Endowment Funds<br>F1<br>Restricted Income Funds<br>F2<br>Unrestricted Funds<br>F3<br>**Total Charity Funds**|**Unrestricted**<br>**Funds**<br>**Restricted**<br>**Funds**<br>**Endowment**<br>**Funds**<br>**Total**<br>1,119,539<br>-<br>-<br>1,119,539<br>**1,119,539**<br>**-**<br>**-**<br>**1,119,539**<br>7,705<br>1,157<br>-<br>8,862<br>45,792<br>21,087<br>10,000<br>76,879<br>**53,497**<br>**22,244**<br>**10,000**<br>**85,741**<br>8,150<br>-<br>-<br>8,150<br>**45,347**<br>**22,244**<br>**10,000**<br>**77,591**<br>**1,164,886**<br>**22,244**<br>**10,000**<br>**1,197,130**<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>**1,164,886**<br>**22,244**<br>**10,000**<br>**1,197,130**<br>10,000<br>22,244<br>1,164,886<br>**1,197,130**<br>**2022**|**2021**<br>**Total**<br>1,147,498<br>**1,147,498**<br>9,801<br>78,102<br>**87,903**<br>15,265<br>**72,638**<br>**1,220,136**<br>5,467<br>-<br>**1,214,669**<br>10,000<br>25,549<br>1,179,120<br>**1,214,669**|
|---|---|---|



Approved by the Parochial Church Council on                                    2023 

## **Revd April Beckerleg (PCC Chair)** 

**Jane Olney (Churchwarden)** 

**Wendy Neale (Churchwarden)** 

**Julia Jones (Co-Churchwarden)** 

Page 7 of 17 



**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EARLEY ST NICOLAS** 

- 

## **Cashflow Statement as at 31st December 2022** 

|All figures in £|Note|**2022**|**2021**|
|---|---|---|---|
|**Cash Flows from Operating Activities:**||||
|Net Cash provided by (used) Operating Activities|I1|10,599|13,508|
|**Cash Flows from Investing Activities**||||
|Dividends, interest and rents from investments||377|27|
|Proceeds from the sale of Property, Plant & Equipment||-|-|
|Purchase of Property, Plant & Equipment||-|-|
|Proceeds from Sale of Investments||-|-|
|Net Cash provided by (used in) Investing Activities||377|27|
|**Cash Flows from Financing Activities**||||
|Repayments of Borrowing from Diocese||(12,199)|(12,199)|
|Net Cash Provided by (used in) Financing Activities||(12,199)|(12,199)|
|Change in Cash & Cash Equivalents in the Period||(1,223)|1,336|
|Cash at the Beginning of the Reporting Period|I2|78,102|76,766|
|**Cash at the End of the Reporting Period**|I2|**76,879**|**78,102**|
|**I1: Reconciliation of Net Income/(Expenditure) to Net Cash**|**Flow from**|**Operating Activities**||
|All figures in £||**2022**|**2021**|
|Net Income/(Expenditure) for the Reporting Period<br>(as per the Statement of Financial Activities)||(17,539)|(14,753)|
|Adjustments for:||||
|Depreciation Charges||27,958|27,958|
|Dividends, Interest and Rents from Investments||(377)|(27)|
|Loss/(Profit) on the Sale/Disposal of Fixed Assets||-|-|
|(Increase)/Decrease in Debtors||939|(877)|
|Increase/(Decrease) in Creditors||(382)|1,207|
|**Net Cash Provided by (used in) Operating Activities**||**10,599**|**13,508**|
|**I2: Analysis of Cash & Cash Equivalents**||||
|All figures in £||**2022**|**2021**|
|Cash in Hand||76,879|78,102|
|**Total Cash & Cash Equivalents**||**76,879**|**78,102**|



Page 8 of 17 



**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EARLEY ST NICOLAS** 

**Notes to the Accounts for the year ended 31st December 2022** 

## **1. Accounting Policies** 

## 1.01. Basis of preparation and assessment of going concern 

The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. 

The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019; the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. 

The charity constitutes a public benefit entity as defined by FRS 102. 

The PCC consider that there are no material uncertainties about the church's ability to continue as a going concern. Income from hall lettings has recovered well from the pandemic. 

## 1.02. Funds structure 

In 2013, the Vicar and Churchwardens received a bequest from Pat Dummer for £1m which was held as an expendable endowment fund. The trustees decided to use the bequest to fund the building of the St Nicolas Centre, an exciting replacement for the ageing hall building. The Endowment was fully consumed in 2018. 

The PCC has a second endowment, the Amos Sharp Fund, which can be used to purchase fixed assets for the Church. The capital sum of the endowment must be maintained in the long-term at the value of £10k. 

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or trust deed. The main restricted funds are the St Nicolas Centre Fund, the Church Repair Fund and the Sue Watson Memorial Fund which is to be used to purchase items visible in the church. 

Unrestricted income funds comprise those funds which the PCC are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the PCC, at their discretion, have created a fund for a specific purpose. 

Further details of each fund are disclosed in notes F1 to F3. 

## 1.03. Income recognition 

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. 

Planned giving, collections and donations are recognised when received. Tax refunds are recognised when the income to which they relate is received. 

Legacies are accounted for when the PCC is legally entitled to the amounts due. Entitlement is taken as the earlier of the date on which either: the church is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) that a distribution will be made or when a distribution is received from the estate. Investment income is accounted for when receivable. 

All other income is recognised when it is receivable. All income is accounted for gross. 

Page 9 of 17 



**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EARLEY ST NICOLAS** 

## **Notes to the Accounts for the year ended 31st December 2022 (continued)** 

## 1.05. Expenditure recognition 

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. 

All expenditure is accounted for on an accruals basis. 

Parish Share is accounted for when due to be paid. 

Grants payable are payments made to third parties in the furtherance of the charitable objects. In the case of an unconditional grant offer this is accrued once the recipient has been notified of the grant award. The notification gives the recipient a reasonable expectation that they will receive the one-year or multi-year grant. Grants awards that are subject to the recipient fulfilling performance conditions are only accrued when the recipient has been notified of the grant and any remaining unfulfilled condition attaching to that grant is outside of the control of the Trust. 

## 1.06. Irrecoverable VAT 

Irrecoverable VAT is charged against the expenditure heading for which it was incurred. 

## 1.07. Costs of raising funds 

The costs of raising funds include any direct costs attributable to fundraising events or fundraising activities. 

## 1.08. Charitable activities 

Charitable activities include the cost of the Parish share, staffing the Parish Office, maintaining and heating the church and the halls and providing church services. 

## 1.09. Tangible fixed assets and depreciation 

In so far as consecrated and benefice property of any kind is excluded from the statutory definition of "charity" by Section 10(2) (a) and (c) of the Charities Act 2011 such assets are not capitalised in the financial statements. 

All assets costing more than £500 are capitalised and valued at historical cost. 

Depreciation is charged on assets on a straight-line basis over their estimated useful life as follows: o Furniture, fixtures, fittings and equipment: 5 years 

o Improvements to the Fabric of Buildings: 8 Years o Church Hall: 50 years 

## 1.10. Pensions 

The charity participates in a defined contribution pensions scheme, administered by Nest. Contributions in respect of this scheme are charged to the Statement of Financial Activities for the year in which they are payable. Timing differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end. 

Page 10 of 17 



**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EARLEY ST NICOLAS** 

## **Notes to the Accounts for the year ended 31st December 2022 (continued)** 

|**A1: Donations & Legacies**<br>_All figures in £_<br>Income from Standing Orders<br>Donations to the Plate<br>Other Donations<br>Donations given via CAF<br>Grants<br>A1.1<br>Gift Aid Recovered<br>**Total Income from Donations & Legacies**<br>**A1.1: Grant income**<br>_All figures in £_<br>Diocesean Grant<br>**Total Grant income**<br>**A2: Charitable Activities**<br>_All figures in £_<br>Church Fees<br>Servery income<br>Miscellaneous<br>**Total Income from Charitable Activities**<br>**A3: Other Trading Activities**<br>_All figures in £_<br>Fundraising Events<br>Income from Renting the Centre and Church<br>Income from services to Centre Hirers<br>**Total Income from Other Trading Activities**<br>**A4: Investments**<br>_All figures in £_<br>Bank Interest<br>**Total Income from Investments**|**Unrestricted**<br>**Funds**<br>**Restricted**<br>**Funds**<br>**Endowment**<br>**Funds**<br>**Total**<br>61,239<br>6,145<br>-<br>67,384<br>235<br>-<br>-<br>235<br>1,909<br>1,881<br>-<br>3,790<br>754<br>-<br>754<br>2,500<br>-<br>-<br>2,500<br>13,075<br>1,590<br>-<br>14,665<br>**79,712**<br>**9,616**<br>**-**<br>**89,328**<br>**Unrestricted**<br>**Funds**<br>**Restricted**<br>**Funds**<br>**Endowment**<br>**Funds**<br>**Total**<br>2,500<br>-<br>-<br>2,500<br>**2,500**<br>**-**<br>**-**<br>**2,500**<br>**Unrestricted**<br>**Funds**<br>**Restricted**<br>**Funds**<br>**Endowment**<br>**Funds**<br>**Total**<br>1,144<br>-<br>-<br>1,144<br>1,438<br>-<br>-<br>1,438<br>183<br>-<br>-<br>183<br>**2,765**<br>**-**<br>**-**<br>**2,765**<br>**Unrestricted**<br>**Funds**<br>**Restricted**<br>**Funds**<br>**Endowment**<br>**Funds**<br>**Total**<br>80<br>-<br>-<br>80<br>45,529<br>-<br>-<br>45,529<br>1,952<br>-<br>-<br>1,952<br>**47,561**<br>**-**<br>**-**<br>**47,561**<br>**Unrestricted**<br>**Funds**<br>**Restricted**<br>**Funds**<br>**Endowment**<br>**Funds**<br>**Total**<br>377<br>-<br>-<br>377<br>**377**<br>**-**<br>**-**<br>**377**<br>**2022**<br>**2022**<br>**2022**<br>**2022**<br>**2022**|**2021**<br>**Total**<br>72,957<br>212<br>1,396<br>3,971<br>-<br>16,529<br>**95,065**<br>**2021**<br>**Total**<br>-<br>**-**<br>**2021**<br>**Total**<br>593<br>270<br>254<br>**1,117**<br>**2021**<br>**Total**<br>866<br>33,978<br>1,656<br>**36,500**<br>**2021**<br>**Total**<br>27<br>**27**|
|---|---|---|



Page 11 of 17 



**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EARLEY ST NICOLAS** 

## **Notes to the Accounts for the year ended 31st December 2022 (continued)** 

|**B1: Raising Funds**<br>_All figures in £_<br>Events<br>**Total Expenditure on Raising Funds**<br>**B2: Charitable Activities**<br>_All figures in £_<br>Parish Share<br>Staffing Costs<br>Clergy expenses<br>Building & Maintenance - Church and grounds<br>Church<br>Grounds (including car park)<br>Miscellaneous<br>Buildings & Maintenance Total<br>Centre Running Costs<br>Depreciation<br>Cleaning<br>Utilities<br>Repairs and maintenance<br>St Nicolas Centre build costs<br>Advertising<br>Centre Expenditure Total<br>Church Running Costs<br>Cleaning and refuse<br>Utilities<br>Insurance (including Centre insurance)<br>Photocopier<br>Other office costs<br>Telephone and IT costs<br>Bank Charges<br>Servery and catering costs<br>Depreciation<br>Church Running Costs Total<br>Church Service Costs<br>Altar Requisites<br>Flowers<br>Licences<br>Music costs including organ tuning<br>Miscellaneous<br>Church Service Costs Total<br>Subtotal carried forward|**Unrestricted**<br>**Funds**<br>**Restricted**<br>**Funds**<br>**Endowment**<br>**Funds**<br>**Total**<br>-<br>-<br>-<br>-<br>**-**<br>**-**<br>**-**<br>**-**<br>**Unrestricted**<br>**Funds**<br>**Restricted**<br>**Funds**<br>**Endowment**<br>**Funds**<br>**Total**<br>60,283<br>-<br>-<br>60,283<br>20,130<br>-<br>-<br>20,130<br>50<br>-<br>-<br>50<br>795<br>-<br>-<br>795<br>1,356<br>-<br>-<br>1,356<br>-<br>-<br>-<br>-<br>2,151<br>-<br>-<br>2,151<br>24,450<br>-<br>-<br>24,450<br>5,787<br>-<br>-<br>5,787<br>7,840<br>-<br>-<br>7,840<br>3,267<br>-<br>-<br>3,267<br>-<br>3,627<br>-<br>3,627<br>-<br>-<br>-<br>-<br>41,344<br>3,627<br>-<br>44,971<br>2,432<br>-<br>-<br>2,432<br>3,889<br>-<br>-<br>3,889<br>2,728<br>-<br>-<br>2,728<br>2,746<br>-<br>-<br>2,746<br>519<br>-<br>519<br>2,769<br>-<br>2,769<br>206<br>-<br>-<br>206<br>1,133<br>-<br>-<br>1,133<br>3,508<br>-<br>-<br>3,508<br>19,930<br>-<br>-<br>19,930<br>998<br>-<br>-<br>998<br>367<br>-<br>-<br>367<br>-<br>-<br>3,372<br>-<br>-<br>3,372<br>376<br>-<br>-<br>376<br>5,113<br>-<br>-<br>5,113<br>149,001<br>3,627<br>-<br>152,628<br>**2022**<br>**2022**|**2021**<br>**Total**<br>-<br>**-**<br>**2021**<br>**Total**<br>60,277<br>19,138<br>25<br>510<br>1,094<br>-<br>1,604<br>24,450<br>5,231<br>6,376<br>2,947<br>786<br>22<br>39,812<br>2,195<br>2,943<br>3,038<br>3,591<br>1,017<br>2,346<br>98<br>424<br>3,508<br>19,160<br>601<br>517<br>682<br>1,163<br>641<br>3,604<br>143,620|
|---|---|---|



Page 12 of 17 



## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EARLEY ST NICOLAS Notes to the Accounts for the year ended 31st December 2022 (continued)** 

|**B2: Charitable Activities (cont'd)**<br>_All figures in £_<br>Subtotal brought forward<br>Marketing<br>Grants / Outward Giving<br>B3<br>Loan interest<br>Church Groups<br>**Total Expenditure on Charitable Activities**<br>**B3: Grants / Outward Giving**<br>_All figures in £_<br>Christian Aid<br>RE Inspired<br>Embrace Middle East<br>Royal Berkshire Hospital<br>Communicare<br>Care4Calais<br>Medical Aid for Palestinians<br>Children's Society<br>Ukraine Appeal<br>Bishop's Fund<br>Home4Good<br>Woodley Foodbank<br>CIRDIC<br>**Other Costs Total**|**Unrestricted**<br>**Funds**<br>**Restricted**<br>**Funds**<br>**Endowment**<br>**Funds**<br>**Total**<br>149,001<br>3,627<br>-<br>152,628<br>-<br>-<br>-<br>-<br>4,169<br>181<br>-<br>4,350<br>207<br>-<br>-<br>207<br>133<br>252<br>-<br>385<br>**153,510**<br>**4,060**<br>**-**<br>**157,570**<br>**Unrestricted**<br>**Funds**<br>**Restricted**<br>**Funds**<br>**Endowment**<br>**Funds**<br>**Total**<br>104<br>104<br>1,740<br>1,740<br>144<br>144<br>10<br>10<br>700<br>700<br>700<br>700<br>700<br>700<br>31<br>31<br>181<br>181<br>-<br>40<br>40<br>-<br>-<br>-<br>4,169<br>181<br>-<br>4,350<br>**2022**<br>**2022**|**2021**<br>**Total**<br>143,620<br>-<br>2,879<br>437<br>526<br>**147,462**<br>**2021**<br>**Total**<br>284<br>1,740<br>144<br>10<br>-<br>-<br>-<br>-<br>-<br>179<br>220<br>151<br>151<br>2,879|
|---|---|---|



**C1: Tangible Assets** 

|**Cost**<br>At beginning of the year<br>Additions<br>Disposals<br>**At the end of the year**<br>**Depreciation**<br>At beginning of the year<br>Disposals<br>Depreciation<br>**At the end of the year**<br>Net Book Value at beginning of the year<br>**Net Book Value at end of the year**|**Total**<br>**£**<br>1,289,543<br>-<br>-<br>**1,289,543**<br>142,045<br>-<br>27,958<br>**170,003**<br>1,147,498<br>**1,119,540**<br>**33,505**<br>25,243<br>-<br>116,802<br>-<br>**Fixtures, Fittings and**<br>**Equipment**<br>**£**<br>33,505<br>-<br>-<br>**1,256,038**<br>24,450<br>-<br>3,508<br>**28,751**<br>1,256,038<br>**4,754**<br>**1,114,786**<br>**141,252**<br>1,139,236<br>**Freehold Land and**<br>**Buildings**<br>**£**<br>-<br>8,262|
|---|---|



Page 13 of 17 



**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EARLEY ST NICOLAS** 

## **Notes to the Accounts for the year ended 31st December 2022 (continued)** 

|**D1: Debtors**<br>_All figures in £_<br>**Prepayments and Accrued Income**<br>Gift Aid Claim<br>Prepayments<br>**Other Debtors**<br>Debtors for hall hire<br>Parish Share Rebate<br>Other debtors<br>**Debtors Total**<br>**D2: Cash at Bank and in Hand**<br>_All figures in £_<br>HSBC Current Accounts<br>CCLA Deposit Account<br>Cash in Hand<br>**Cash at Bank and in Hand Total**<br>**E1: Creditors, Amounts falling due within one year**<br>_All figures in £_<br>**Trade Creditors**<br>**Short-Term Repayment of Diocese Loan**<br>**Other Creditors**<br>Service Fees<br>**Creditors (within one year) Total**<br>**E2: Creditors, Amounts falling due after one year**<br>_All figures in £_<br>Loan Repayable to Diocese after one year<br>**Creditors (after one year) Total**|**Unrestricted**<br>**Funds**<br>**Restricted**<br>**Funds**<br>**Endowment**<br>**Funds**<br>**Total**<br>1,096<br>1,157<br>-<br>2,253<br>2,978<br>-<br>-<br>2,978<br>1,143<br>-<br>-<br>1,143<br>1,878<br>-<br>-<br>1,878<br>610<br>-<br>-<br>610<br>**7,705**<br>**1,157**<br>**-**<br>**8,862**<br>**Unrestricted**<br>**Funds**<br>**Restricted**<br>**Funds**<br>**Endowment**<br>**Funds**<br>**Total**<br>22,591<br>22,591<br>23,201<br>21,087<br>10,000<br>54,288<br>-<br>-<br>**45,792**<br>**21,087**<br>**10,000**<br>**76,879**<br>**Unrestricted**<br>**Funds**<br>**Restricted**<br>**Funds**<br>**Endowment**<br>**Funds**<br>**Total**<br>2,535<br>-<br>-<br>2,535<br>5,267<br>-<br>-<br>5,267<br>348<br>-<br>-<br>348<br>**8,150**<br>**-**<br>**-**<br>**8,150**<br>**Unrestricted**<br>**Funds**<br>**Restricted**<br>**Funds**<br>**Endowment**<br>**Funds**<br>**Total**<br>-<br>-<br>-<br>-<br>**-**<br>**-**<br>**-**<br>**-**<br>**2022**<br>**2022**<br>**2022**<br>**2022**|**2021**<br>**Total**<br>3,854<br>2,914<br>1,150<br>1,883<br>-<br>**9,801**<br>**2021**<br>**Total**<br>22,858<br>55,244<br>-<br>**78,102**<br>**2021**<br>**Total**<br>2,838<br>12,000<br>427<br>**15,265**<br>**2021**<br>**Total**<br>5,467<br>**5,467**|
|---|---|---|



The loan was originally for £100,000 from the Oxford Diocesan Board of Finance and was used to help finance the building of the St Nicolas Centre. At 31st December 2022, £5,267 remained outstanding. The final repayment is due in June 2023. 

Page 14 of 17 



**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EARLEY ST NICOLAS Notes to the Accounts for the year ended 31st December 2022 (continued)** 

## **E3: Contingent Liability** 

The Church owes £10,000 plus VAT in retentions under the contract for the building of the St Nicolas Centre. However, the builders did not complete the snagging and they have since gone into liquidation so this sum is being disputed. In early March 2021, the church instructed consultants to handle this matter and negotiations are still ongoing. 

No accrual has been made for this sum as it is uncertain as to how much, if any, will actually become due. There remains a balance of £9,826 in the St Nicolas Centre restricted fund which should cover any amount which might finally become due. 

## **F1: Endowment Funds** 

|_All figures in £_<br>Amos Sharp Fund<br>F1.1<br>**Total Endowment Funds**|**Opening**<br>**Balance**<br>**Income**<br>**Expenditure**<br>**Transfers**<br>**Closing**<br>**Balance**<br>10,000<br>-<br>-<br>-<br>10,000<br>**10,000**<br>**-**<br>**-**<br>**-**<br>**10,000**|
|---|---|



F1.1. The capital may be used to purchase fixed assets but must be rebuilt to £10,000. Any interest earned is transferred into general funds. 

## **F2: Restricted Income Funds** 

|_All figures in £_||**Opening**<br>**Balance**|<br>**Income**|**Expenditure**|**Transfers**|**Closing**<br>**Balance**|
|---|---|---|---|---|---|---|
|Sue Watson Memorial Fund|F2.1|1,833|-|-|-|1,833|
|Loan fund|F2.2|-|8,861|-|(8,861)|-|
|Memory café|F2.3|199|-|-|-|199|
|Other restricted items|F2.4|20|181|(181)||20|
|Flower fund|F2.5|-|-|-||-|
|St Nicolas Centre|F2.6|12,879|574|(3,627)|-|9,826|
|Youth fund|F2.7|493|-|(252)|-|241|
|Gardens and Grounds fund|F2.8|125|-|-|-|125|
|Church repair fund|F2.9|10,000|-|-|-|10,000|
|**Total Restricted Income Funds**||**25,549**|**9,616**|**(4,060)**|**(8,861)**|**22,244**|
|F2.1. Fund to purchase items visible in the Church.|||F2.6. Fund to build new St Nicolas Centre||||
|F2.2. Fund for donations for the repayment of|the Diocesan|Loan|F2.7. Fund for donations towards youth work||||
|F2.3. Fund for donations to the Memory Café|||F2.8. Fund for work in gardens and grounds||||
|F2.4. Fund for small restricted donations|||F2.9. Fund for donations for repairs to the church||||
|F2.5. Fund for donations for flowers for the church|||||||



## **F3: Unrestricted Funds** 

|_All figures in £_<br>General Fund<br>Designated<br>Fixed Assets reserve<br>F3.1<br>Major Repairs Fund<br>F3.2<br>Total Designated Funds<br>**Total Unrestricted Funds**|**Opening**<br>**Balance**<br>**Income**<br>**Expenditure**<br>**Transfers**<br>**Closing**<br>**Balance**<br>17,455<br>130,038<br>(125,552)<br>4,861<br>26,802<br>1,147,498<br>-<br>(27,958)<br>1,119,540<br>14,167<br>377<br>-<br>4,000<br>18,544<br>**1,161,665**<br>**377**<br>**(27,958)**<br>**4,000**<br>**1,138,084**<br>**1,179,120**<br>**130,415**<br>**(153,510)**<br>**8,861**<br>**1,164,886**|
|---|---|



F3.1 Fixed asset reserve: amounts put aside by the PCC to fund the fixed assets of the church. 

Page 15 of 17 



**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EARLEY ST NICOLAS Notes to the Accounts for the year ended 31st December 2022 (continued)** 

## **F3.2: Major Repairs Fund** 

In 2013, the PCC created a designated Major Repairs fund to set aside monies to cover the expected costs of repairs and maintenance to the fabric of the church, the Centre and its grounds. During the year, an additional £4,377 was added to the fund. There is also a Restricted Fund of £10,000 available to be used for repairs to the Church (see note F2.9). 

## **G1: Staffing Costs and Remuneration** 

|_All figures in £_<br>Salaries and Wages<br>Employers NI<br>Pension Costs<br>Training costs<br>**Total Staffing Costs**|**2022**<br>**2021**<br>19,546<br>18,644<br>-<br>-<br>494<br>494<br>90<br>**20,130**<br>**19,138**|
|---|---|



G2.1. The average number of employees in the year was 1 (2021: 1). 

G2.2. No employees received emoluments over £60,000 during the current or prior year. 

## **G2: Trustee and Staff Remuneration, Related Party Transactions, and Other Transactions** 

Trustee Remuneration 

None of the trustees of the charity were paid any remuneration or received any other benefits from an employment with the charity or a related entity. 

Trustee Expenses 

In 2022, no  trustees reclaimed expenses. 

Trustee Donations 

The total amount of donations received without conditions from trustees in the year was £14,560. 

Related Party Transactions 

None 

Audit, Independent Examination and Other Financial Service Fees 

There were no audit or independent examination fees paid by the charity in the year. 

Page 16 of 17 



**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EARLEY ST NICOLAS** 

**Notes to the Accounts for the year ended 31st December 2022 (continued)** 

## **G3: SOFA for the year ended 31st December 2021** 

|3<br>All figures in £<br>Note<br>**Income and Endowments from:**<br>Donations and Legacies<br>A1<br>Charitable Activities<br>A2<br>Other Trading Activities<br>A3<br>Investments<br>A4<br>**Total Income and Endowments**<br>**Expenditure on:**<br>Raising Funds<br>B1<br>Charitable Activities<br>B2<br>Other<br>B3<br>**Total Expenditure**<br>Net Gains/(Losses) on Investments<br>**Net Income/(Expenditure)**<br>Transfers between Funds<br>**Other Recognised Gains/(Losses)**<br>Gains/(Losses) on Revaluation of Fixed Assets<br>**Net Movement in Funds**<br>**Reconciliation of Funds:**<br>Total Funds brought forward<br>Total Funds carried forward|**Unrestricted**<br>**Funds**<br>**Restricted**<br>**Funds**<br>**Endowment**<br>**Funds**<br>**Total**<br>84,974<br>10,091<br>-<br>95,065<br>1,117<br>-<br>-<br>1,117<br>36,500<br>-<br>-<br>36,500<br>27<br>-<br>-<br>27<br>**122,618**<br>**10,091**<br>**-**<br>**132,709**<br>-<br>-<br>-<br>-<br>145,831<br>1,631<br>-<br>147,462<br>-<br>-<br>-<br>-<br>**145,831**<br>**1,631**<br>**-**<br>**147,462**<br>-<br>-<br>-<br>-<br>**(23,213)**<br>**8,460**<br>**-**<br>**(14,753)**<br>8,435<br>(8,435)<br>-<br>-<br>-<br>-<br>-<br>**(14,778)**<br>**25**<br>**-**<br>**(14,753)**<br>1,193,898<br>25,524<br>10,000<br>1,229,422<br>1,179,120<br>25,549<br>10,000<br>1,214,669<br>**2021**|
|---|---|



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