St. Mary’s, Cholsey
End of Year Financial Statements
Year ending 2022
Page 1
• Introduction
• Reference and administrative information
The trustees, members of the PCC, at the time of this report, were as follows:
Vicar: Rev Andrew Petit (Chairman) Ex officio Churchwarden: David Newbold Ex officio Churchwarden: Timothy Hammond Ex officio Andrew Avery Elected Valerie Bolt Elected Howard Gander Elected Alex Hammond Elected Catherine Hobbs Elected Irene McClure Elected Gillian Newbold (Deputy churchwarden) Elected Rose Noorduijn Elected Rosemary Price Elected Malcolm Singh (Treasurer) Elected Rebecca Thomasson Elected Deanery Synod member Michael Wolf Elected
• Structure, governance and management
The PCC's official responsibility is to co-operate with the Vicar in promoting in the parish the whole mission of the church, pastoral, evangelistic and social ecumenical. It is also responsible for administering the income and expenditure of the church and for the maintenance of the church building, the church bungalow and the Laurence Hall.
The PCC teams have been as follows:
Leadership Team: Andrew Petit (Convenor), Tim Hammond, Dave Newbold, Gillie Newbold (Deputy Churchwarden), Richard Price.
Note: The Leadership Team was disbanded in Feb 2022 following the retirement of the Vicar and was replaced by the Interregnum Committee.
Interregnum Committee: Churchwardens, Gillie Newbold (Deputy Churchwarden), Andy Avery (Chair of PCC), Joan Gander, Alex Hammond, Richard Price
Children's Ministry Team: Gillie Newbold (Convenor), Irene McClure, James Bennett, Martyn and Pauline Thorne, Susie and Michael Pocock.
Youth Group: Irene and Graham McClure (Convenor), James Bennett, David Newbold.
Page 2
Miulott Support T¢4m: Tim Hammnd (Convenoi). Anne Pow¢lL Thea PriK Giu SÈlv¢r. Midmel Wolfe. Graham M¢Clur4 Frona Suuie. Property team: NOd GatKler. David Newlx)Id. lu pr¢pati the financial statements, the PCC is [lreA to: Select suitsble accounting w)li¢i¢s and then apply them consistently Follow applicable accountiIl8 staThd and 8taternents of recomm¢nd(xl practic4 subj'ect to any material departures di8closed gnd explaiiied In the financial statemtnts Prepare tbe fae1a1 statements on tbe Boing Concern basis unless It is Inappropriate to Presu that FiDanehl Revlew The overall income t¢ceIv for the year 2022 was £137. 926. In 2021 it was £178. 240. This represents an Incre of 22Y• in the Church's 8nnuftt ineome. Tr ra8oDs forthis dr&se were the drop in income fro the Church bungalow and fees from Wedthngg ¢te coupled with iTKreased spetKling in Church tepaits And the replaeemellt of the chUh piano. R¢¢utTing voluntary giving in 2022 was £85. 286. In 2021 it w&8 £93. 330. Th¢r¢ w&8 also aD tndividual (B)nYmos) donation of £IO.000 in Match 2022 10 the PCC'S restticted Mission Givin8 fuud. Hire and r¢nt ofchurch buildings an income of £19. up from £4562 in 2021. Thxs iticlthjesthe bire of the L&wence H8]1 (£11. 032) ènd Church (£ 820). There was also inwm¢ from the Church Buo8alow of £7. I(. In 2022 inwm¢ from inv¢stnKnts w&$ £7. 2rA). In 2021 it wds £10.722. This iludeS Tent fiDm the bung8Eow and interest paYThts from thc Stevenson Iwuest to the Laurence Hall account aTLd interest from the Louisa Mprtba Minshull's ¢harRty to the Getteral aeeount for th¢ benefit of the poor of the villag Totsl exwtitmre for 2022 £135. 196. In 2022 li w&8 £175. 71Y). Chutch wlture (eXCl11ng charitable donations) tepresented £90, 823 (£97.0(M) 2021}, with the most significant items Ixin8 Parlsh Share of £52, 608 (£ 54. 068 itt 2021) and ChUb Admintslralion of £6. 206 (£18, 652 in 2021). Across #U jrÉ 2021 there w&8 a 8urplus of £2. 730. In 2021 there w& a surylus of £1530. Rejerves P0ry The PCC aims to maintsin a working capitsi of at leL4t 2 months genernl fund expenditure. Averdg¢ monthly expeIke in w&% £7. 568. At 31° DeceMr 2021 th¢ working (xpitsl balattce was £1 478. CC and signed 00 its E¢half by: Lay Chair of the PCC Page 3 Page 3
Indendont Examlnerfs Roport for the year endod 31 December 2022 Indopgndent Examinerfs Report to the St Mary'8 Church Cholsey Parochlal Chur¢h Councll This report on the financial stAtem¢nts of the PCC for the year ended 31 Dember 2022. which are s¢t out on pages lo , is in respwt of an examination TLed out in aecordance Ith the Chur¢h Accounting R¢8ulatioLs 2(X)6 (Ih¢ Regulations,) attd $.43 of th¢ Chan"Iics Act 1993 ('the A¢t'). R8spectlve rnsponslbllltles of the PCC and Examlner The charity's tnte¢s. the PCC. ar¢ reswnsible for the prepw&tion of the fsnancial 5tafrments. Th¢ PCC consid¢r that an audit As not required for this year under section 43121 of th¢ Act and that an independent cxamination is needed. li is my respyn5ibility to issue this lert on those fitwi¢ial ststements iti accordance with the ternis of th¢ Regulations. 81$ of an Independent Examinefs report My examination was carried out in accord4nce with the GeneTal Dir¢rtions given by th¢ Charity ComTnis5ion under s.43{7)Ibl of the Act. An examination includes & reiiew of the accounting T¢cords kept by the PCC and 4 ¢omtrarison of the financial stxt¢meDts with those rxords. It aiso includes consideration of any unusual items or disclosures in th¢ fingncial statern¢nts and seekn.ng explanations from you as trustees ¢onc¢ming any $u¢h matters. The procedure5 undertaken do not provide all the cvidence thai would b¢ r¢quir¢d in an audit and. consequently, I do not ¢xpre5s an audit opinion on th¢ vi¢w given by th¢ financial statrmcnts. Independent Examlnef8 $tstsment In connection with my examitwtion. no matt¢r has come to my attention.. (l) which gives me reasonable cause to believe that in any materia] respect the Tequir¢ments.' to k¢ep accoutrting records in ac¢ordance with sectt'on 41 of the A¢t; and lo prepatt financial $tatements. which accord with the wwiting records and ¢omply with the accounting requirements of the and the Regulations have not i*¢n met,. or (2) to whi¢]4 in my opinioo attents'on SIUld be drawn in order to enable & proEEr erstan of the finan¢Tal ststem¢nts to be rea¢h Davi ibbons -, //•. 2oZ Page 4
Statement of Financial Activities
| Unrestricted Restricted Endowment Total Prior year funds funds funds funds total funds |
|
|---|---|
| Income and endowments from: Donations and legacies Income from charitable activities Investments Other income Total income Expenditure on: Expenditure on charitable activities Other expenditure Total expenditure Net income / (expenditure) resources before transfer Transfers Gross transfers between funds - in Gross transfers between funds - out Other recognised gains / losses Net movement in funds Total funds brought forward Total funds carried forward Represented by Unrestricted General fund Designated Giving Laurence Hall Laurence Hall Rebuild Restricted Capital Christians Against Poverty Family Worker Mission Giving Restoration Endowment Stevenson |
85,286 30,313 — 115,600 157,531 13,817 199 — 14,016 10,063 7,694 5 — 7,699 10,645 610 — — 610 — |
| 107,408 30,518 — 137,926 178,240 113,570 18,548 — 132,118 174,938 3,077 — — 3,077 891 |
|
| 116,647 18,548 — 135,196 175,829 |
|
| (9,239) 11,969 — 2,730 2,410 10,000 813 — 10,813 2,400 (10,813) — — (10,813) (2,400) |
|
| (10,053) 12,783 — 2,730 2,410 |
|
| 70,401 (26) 4,508 74,883 72,473 |
|
| 60,347 12,757 4,508 77,613 74,883 16,478 — — 16,478 37,057 (6,814) — — (6,814) (11,179) 18,437 — — 18,437 16,110 32,246 — — 32,246 28,413 — 13,018 — 13,018 13,018 — 3,866 — 3,866 3,750 — 11,486 — 11,486 750 — 10,039 — 10,039 7,291 — (25,652) — (25,652) (24,836) — — 4,508 4,508 4,508 |
Page 5
Balance sheet
| Total funds Prior year funds |
|
|---|---|
| Current assets Debtors Investments Cash at bank and in hand Net current assets less current liabilities Total assets less current liabilities Total net assets less liabilities Represented by Unrestricted General fund Designated Laurence Hall Rebuild Giving Laurence Hall Restricted Family Worker Mission Giving Christians Against Poverty Restoration Capital Endowment Minshull Stevenson Funds of the church |
1,376 1,317 4,508 4,508 71,728 69,057 |
| 77,613 74,883 |
|
| 77,613 74,883 |
|
| 77,613 74,883 |
|
| 77,613 74,883 16,478 37,057 32,246 28,413 (6,814) (11,179) 18,437 16,110 11,486 750 10,039 7,291 3,866 3,750 (25,652) (24,836) 13,018 13,018 — — 4,508 4,508 |
|
| 77,613 74,883 |
Page 6
Statement of assets and liabilities
| This year Last year |
|
|---|---|
| Cash at bank and in hand NatWest Current Account Family Worker (Restricted) - Laurence Hall Rebuild (Designated) - General fund (Unrestricted) - Giving (Designated) - Mission Giving (Restricted) - Christians Against Poverty (Restricted) - Laurence Hall (Designated) - Restoration (Restricted) - NatWest Business Reserve Account General fund (Unrestricted) - Barclays Community Account General fund (Unrestricted) - Giving (Designated) - Restoration (Restricted) - Barclays Business Premium Account Restoration (Restricted) - CCLA (CBF) General Deposit Account Laurence Hall Rebuild (Designated) - General fund (Unrestricted) - Mission Giving (Restricted) - Restoration (Restricted) - Capital (Restricted) - CCLA (CBF) Restoration Deposit Account Mission Giving (Restricted) - Restoration (Restricted) - CCLA (CBF) Mission Giving Account Mission Giving (Restricted) - Restoration (Restricted) - Total for Cash at bank and in hand Debtors Accounts Receivable Family Worker (Restricted) - Laurence Hall Rebuild (Designated) - General fund (Unrestricted) - Giving (Designated) - Christians Against Poverty (Restricted) - Total for Debtors Investments CCLA (CBF) Stevenson Stevenson (Endowment) - Total for Investments Grand total |
11,412 730 12,220 8,382 (17,156) 3,797 (6,853) (11,236) 9,050 6,306 3,761 3,652 18,437 16,110 (16,174) (13,856) |
| 14,698 13,886 9,290 9,270 |
|
| 9,290 9,270 135 135 39 7 6,606 5,106 |
|
| 6,781 5,249 30 30 |
|
| 30 30 20,000 20,000 23,036 22,734 586 586 (16,400) (16,400) 13,018 13,018 |
|
| 40,241 39,939 0 — 283 282 |
|
| 284 282 401 398 0 0 |
|
| 402 399 |
|
| 71,728 69,057 74 20 26 30 1,171 1,119 — 50 104 97 |
|
| 1,376 1,317 |
|
| 1,376 1,317 4,508 4,508 |
|
| 4,508 4,508 |
|
| 77,613 74,883 |
Page 7
Fund movement by type
| Opening Incoming Outgoing Transfers Gains/losses Journals Closing | |
|---|---|
| LHallReb - Laurence Hall Rebuil Designated Sub-total for LHallReb Worker - Family Worker Restricted Sub-total for Worker General - General fund Unrestricted Sub-total for General Giving - Giving Designated Sub-total for Giving MisGiv - Mission Giving Restricted Sub-total for MisGiv CAP - Christians Against P Restricted Sub-total for CAP LHall - Laurence Hall Designated Sub-total for LHall Resto - Restoration Restricted Sub-total for Resto Capital - Capital Restricted Sub-total for Capital Minhull - Minshull Endowment Sub-total for Minhull Steven - Stevenson Endowment Sub-total for Steven Grand total |
28,413 4,112 279 — — — 32,246 |
| 28,413 4,112 279 — — — 32,246 750 9,922 — 813 — — 11,486 |
|
| 750 9,922 — 813 — — 11,486 37,057 80,244 90,823 (10,000) — — 16,478 |
|
| 37,057 80,244 90,823 (10,000) — — 16,478 (11,179) 12,018 16,839 9,186 — — (6,814) |
|
| (11,179) 12,018 16,839 9,186 — — (6,814) 7,291 12,503 9,756 — — — 10,039 |
|
| 7,291 12,503 9,756 — — — 10,039 3,750 6,116 6,000 — — — 3,866 |
|
| 3,750 6,116 6,000 — — — 3,866 16,110 11,032 8,705 — — — 18,437 |
|
| 16,110 11,032 8,705 — — — 18,437 (24,836) 1,975 2,792 — — — (25,652) |
|
| (24,836) 1,975 2,792 — — — (25,652) 13,018 — — — — — 13,018 |
|
| 13,018 — — — — — 13,018 — — — — — — — |
|
| — — — — — — — 4,508 — — — — — 4,508 |
|
| 4,508 — — — — — 4,508 |
|
| 74,883 137,926 135,196 — — — 77,613 |
Page 8
Analysis of income and expenditure
| Total Unrestricted Designated Restricted Endowment This year Last year INCOME AND ENDOWMENTS Donations and legacies Covenants and Gift Aid 55,038 11,002 19,047 — 85,087 85,723 General Donation (164) — — — (164) 8,980 Offerings GADS — — — — — 211 Planned Giving — — 887 — 887 — Misc. Donations — 35 — — 35 23,237 Collections 25 — — — 25 — Donations appeals etc — — 5,100 — 5,100 8,302 Tax recoverable on Gift Aid 13,024 2,280 5,279 — 20,584 18,156 Grants 1,761 — — — 1,761 — Misc. Income 1,280 960 — — 2,241 11,457 Other funds generated 41 — — — 41 1,463 Total 71,007 14,279 30,313 — 115,600 157,531 Income from charitable activities Fees 144 — — — 144 4,745 Moulsford Church — — — — — 755 Hire of Laurence Hall — 12,292 — — 12,292 4,103 Hire of Church 820 — — — 820 459 Coffee Shop — 560 — — 560 — Bell Tower — — 199 — 199 — Total 964 12,852 199 — 14,016 10,063 Investments NatWest Bank Interest 20 — — — 20 0 Barclays Bank Interest — 7 0 — 8 — CCLA (CBF) Mission Giving — — 3 — 3 — CCLA (CBF) General 481 — — — 481 173 CCLA (CBF) Restoration — — 1 — 1 — CBF Minshull — 24 — — 24 31 Bungalow Rent 7,160 — — — 7,160 10,440 Total 7,662 32 5 — 7,699 10,645 Other income Insurance claims 610 — — — 610 — Total 610 — — — 610 — |
Total Unrestricted Designated Restricted Endowment This year Last year INCOME AND ENDOWMENTS Donations and legacies Covenants and Gift Aid 55,038 11,002 19,047 — 85,087 85,723 General Donation (164) — — — (164) 8,980 Offerings GADS — — — — — 211 Planned Giving — — 887 — 887 — Misc. Donations — 35 — — 35 23,237 Collections 25 — — — 25 — Donations appeals etc — — 5,100 — 5,100 8,302 Tax recoverable on Gift Aid 13,024 2,280 5,279 — 20,584 18,156 Grants 1,761 — — — 1,761 — Misc. Income 1,280 960 — — 2,241 11,457 Other funds generated 41 — — — 41 1,463 Total 71,007 14,279 30,313 — 115,600 157,531 Income from charitable activities Fees 144 — — — 144 4,745 Moulsford Church — — — — — 755 Hire of Laurence Hall — 12,292 — — 12,292 4,103 Hire of Church 820 — — — 820 459 Coffee Shop — 560 — — 560 — Bell Tower — — 199 — 199 — Total 964 12,852 199 — 14,016 10,063 Investments NatWest Bank Interest 20 — — — 20 0 Barclays Bank Interest — 7 0 — 8 — CCLA (CBF) Mission Giving — — 3 — 3 — CCLA (CBF) General 481 — — — 481 173 CCLA (CBF) Restoration — — 1 — 1 — CBF Minshull — 24 — — 24 31 Bungalow Rent 7,160 — — — 7,160 10,440 Total 7,662 32 5 — 7,699 10,645 Other income Insurance claims 610 — — — 610 — Total 610 — — — 610 — |
|---|---|
| 71,007 14,279 30,313 — 115,600 157,531 144 — — — 144 4,745 — — — — — 755 — 12,292 — — 12,292 4,103 820 — — — 820 459 — 560 — — 560 — — — 199 — 199 — |
|
| 964 12,852 199 — 14,016 10,063 20 — — — 20 0 — 7 0 — 8 — — — 3 — 3 — 481 — — — 481 173 — — 1 — 1 — — 24 — — 24 31 7,160 — — — 7,160 10,440 |
|
| 7,662 32 5 — 7,699 10,645 610 — — — 610 — |
|
| 610 — — — 610 — |
|
| INCOME TOTAL | 80,244 27,163 30,518 — 137,926 178,240 |
Page 9
EXPENDITURE
| Expenditure on charitable activities Adventure Plus — 1,666 1,666 — 3,332 2,400 Balsam Family Project — — — — — 2,400 Christian Aid Week — — — — — 1,473 Eric Twine — — — — — 2,425 Go Mad Tanzania — 1,666 1,666 — 3,332 3,550 Message Trust — 1,666 1,666 — 3,332 2,400 Missionary Aviation Fellowship — 1,666 1,666 — 3,332 2,400 Tear Fund DEC Appeal — 4,727 1,350 — 6,077 — Tear Fund Yemen Appeal — — — — — 3,885 Wednesday Church — 76 76 — 152 100 A Rocha — 1,666 1,666 — 3,332 — Christians Against Poverty — — 6,000 — 6,000 6,000 Parish Share etc 52,608 — — — 52,608 54,068 Ministry 152 3,306 — — 3,458 1,824 Salary of parish administrator 8,820 — — — 8,820 5,389 Vicars Expenses 50 — — — 50 1,983 Vicarage Expenses 41 — — — 41 673 Church Insurance 162 — — — 162 3,674 Church Office - Telephone and Internet 1,201 — — — 1,201 796 Organ / Piano Tuning 2,696 — — — 2,696 — Church Maintenance and Minor Repairs 3,539 — 300 — 3,839 4,107 Cleaning 2,070 2,452 — — 4,522 2,529 MIisc. Parish Expenses — — — — — 879 Services General Upkeep 665 — — — 665 337 Activities - Kids Club Creche 9+ 405 — — — 405 425 Activities Flower Fund — — — — — 150 Administration 9,606 400 — — 10,006 18,652 Visiting speakers / locums 1,857 — — — 1,857 — Church running - electric 880 100 — — 981 802 Church running - water 132 — — — 132 374 Church running - oil 2,854 — — — 2,854 1,239 Laurence Hall running - electricity — 1,894 — — 1,894 1,345 Laurence Hall running - insurance — 1,310 — — 1,310 1,222 Laurence Hall running - maintenance — 2,637 — — 2,637 2,657 Laurence Hall running - water — 382 — — 382 — Church major repairs - structure — — 2,082 — 2,082 36,115 Church major repairs - fees — — — — — 600 Church major repairs - installation — — 410 — 410 8,033 Laurence Hall + interior and exterior de — 205 — — 205 21 Total 87,745 25,824 18,548 — 132,118 174,938 Other expenditure Bungalow Maintenance and Minor Repairs 3,077 — — — 3,077 891 Total 3,077 — — — 3,077 891 |
Expenditure on charitable activities Adventure Plus — 1,666 1,666 — 3,332 2,400 Balsam Family Project — — — — — 2,400 Christian Aid Week — — — — — 1,473 Eric Twine — — — — — 2,425 Go Mad Tanzania — 1,666 1,666 — 3,332 3,550 Message Trust — 1,666 1,666 — 3,332 2,400 Missionary Aviation Fellowship — 1,666 1,666 — 3,332 2,400 Tear Fund DEC Appeal — 4,727 1,350 — 6,077 — Tear Fund Yemen Appeal — — — — — 3,885 Wednesday Church — 76 76 — 152 100 A Rocha — 1,666 1,666 — 3,332 — Christians Against Poverty — — 6,000 — 6,000 6,000 Parish Share etc 52,608 — — — 52,608 54,068 Ministry 152 3,306 — — 3,458 1,824 Salary of parish administrator 8,820 — — — 8,820 5,389 Vicars Expenses 50 — — — 50 1,983 Vicarage Expenses 41 — — — 41 673 Church Insurance 162 — — — 162 3,674 Church Office - Telephone and Internet 1,201 — — — 1,201 796 Organ / Piano Tuning 2,696 — — — 2,696 — Church Maintenance and Minor Repairs 3,539 — 300 — 3,839 4,107 Cleaning 2,070 2,452 — — 4,522 2,529 MIisc. Parish Expenses — — — — — 879 Services General Upkeep 665 — — — 665 337 Activities - Kids Club Creche 9+ 405 — — — 405 425 Activities Flower Fund — — — — — 150 Administration 9,606 400 — — 10,006 18,652 Visiting speakers / locums 1,857 — — — 1,857 — Church running - electric 880 100 — — 981 802 Church running - water 132 — — — 132 374 Church running - oil 2,854 — — — 2,854 1,239 Laurence Hall running - electricity — 1,894 — — 1,894 1,345 Laurence Hall running - insurance — 1,310 — — 1,310 1,222 Laurence Hall running - maintenance — 2,637 — — 2,637 2,657 Laurence Hall running - water — 382 — — 382 — Church major repairs - structure — — 2,082 — 2,082 36,115 Church major repairs - fees — — — — — 600 Church major repairs - installation — — 410 — 410 8,033 Laurence Hall + interior and exterior de — 205 — — 205 21 Total 87,745 25,824 18,548 — 132,118 174,938 Other expenditure Bungalow Maintenance and Minor Repairs 3,077 — — — 3,077 891 Total 3,077 — — — 3,077 891 |
|---|---|
| 87,745 25,824 18,548 — 132,118 174,938 3,077 — — — 3,077 891 |
|
| 3,077 — — — 3,077 891 |
|
| EXPENDITURE TOTAL | 90,823 25,824 18,548 — 135,196 175,829 |
| GRAND TOTAL | (10,579) 1,339 11,969 — 2,730 2,410 |
Page 10
• Conclusion
Financially, 2022 was a tough year for St. Mary’s. The financial outlook for the Country in 2023 is not very positive and there is a concern that this may flow down to organisations like ours. There are several areas where we need to spend in 2023 and this may prove to be very difficult.
This report dated: 17[th] May 2023.
Page 11