OpenCharities

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

2022-12-31-accounts

Charity registration number 1138291

ST ELISABETH'S PCC

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

ST ELISABETH'S PCC

LEGAL AND ADMINISTRATIVE INFORMATION

PCC Members Ms Christine Swanborough-Nilson
Mr Peter Adams
Mr Bill Fennell
Ms Elisabeth Prime
Ms Susan Santos
Mr Lee Cheetham
Mrs Ann Harris
Mr Colin Allcorn
Dr Simon Eyre MA. FRCGP
Mrs S Goddard
Mr Mark Fifield (Appointed 24 April 2022)
Ms Susan Fifield (Appointed 24 April 2022)
Charity number 1138291
Principal address St Elisabeth's Centre
268 Victoria Drive
Eastbourne
East Sussex
BN20 8QX
Independent examiner John Caladine FCCA CTA FCIE
Caladine Limited
Chantry House
22 Upperton Road
Eastbourne
East Sussex
BN21 1BF

ST ELISABETH'S PCC

CONTENTS

Page
Council's report 1 - 4
Independent examiner's report 5
Statement of financial activities 6 - 7
Balance sheet 8
Notes to the financial statements 9 - 20

ST ELISABETH'S PCC

COUNCIL'S REPORT

FOR THE YEAR ENDED 31 DECEMBER 2022

The PCC members present their annual report and financial statements for the year ended 31 December 2022.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the PCC's Parochial Church Council Powers Measure (1956) as amended and the Church Representation Rules, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

Our aims and purposes as a charity

During 2022 our new incumbent, Revd David Harrigan, was licensed on 27[th] April 2022. During this time, alongside David, the wardens and the PCC have had the following responsibilities:

The PCC members have paid due regard to guidance issued by the Charity Commission in deciding what activities the PCC should undertake.

What we planned to do to achieve our charitable objectives

With the arrival of a new incumbent a settling in period has taken place as we have spent time getting to know each other better and what our priorities should be as a church. Continuing to re-discover life after covid, the church has continued to meet in person, which has gone from strength to strength as well as opening up the building more widely for people within the community and building on what the church already does well.

The PCC has meet 9 times during 2022 during which the following were discussed:

ST ELISABETH'S PCC

COUNCIL'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Achievements and performance Attendance at worship

As a church, we continue to be a warm and welcoming church to those within and outside the walls of the church. We have moved culturally from a post Christendom era where people felt obligated to attend church towards discovering church and faith as a gift. One of the strengths of our church has been welcoming anyone and everyone from all walks of life and to share in the partnership of the gospel.

St. Elisabeth’s has been in a new stage of life with a new incumbent and a settling in period has taken place while we have come to know David and his family and as they have come to know us as a community. A reforming has taken place for everyone as we enter a new stage in the church’s life.

Numbers attending on a Sunday have slowly gone up throughout the year since my arrival. We continue to pray and seek more families. A greater reflection will be given in the future when we re-do the electoral roll forms and we will then see the true impact covid has had on us as a church. Although, while numbers are important, we are a strong community and committed to one another.

The Church building continues to be home not just for us but for many within our neighbourhood. We have increased its use throughout the week, and we have been widening our networks and this has been important this year. By making these networks it has given us an even-wider impact within the neighbourhood and good connections and ideas are being made about how we might use our space in the future. This will help the finical situation of our church, but we will also see the transformation of members within our parish.

Nurturing faith and finding roots

As a church, we recognise we have been on a journey together. We have used our teaching on a Sunday to identify with the journey we have been on. For the most part a single Sunday morning service has taken place with what was once two groups of people, one from a more traditional style and the other more family friendly. We have tried to continue to stay together as one congregation finding a way to build up the life of the church and the feeling of one community.

We would like to give a special thanks to our clergy Sally and Mike, and to Rob as well, who is no longer worshipping with us. Also a very special thanks to our Reader Sarah and Simon ALM who have all helped in providing support with teaching and leading services.

Our services have been along these themes:

Jesus as the pioneer of our faith

Biblical journeys

Angels - during advent

Beatitudes

Lent

While we meet as a church community every Sunday we recognize Messy church as a separate community that meets and worships together bi-monthly. Many of these people are connected to us through foodbank and Totz and do not come from a faith background. Numbers have continued to be good throughout the year (see messy church report for more details).

ST ELISABETH'S PCC

COUNCIL'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Provision of the church building for everyone

Not only is our church a space to worship but it is also a key resource to the wider community. Since the pandemic the hall has seen an increase in hall hires by many within our community. This allows us to build wider networks with our community. It also raises the profile of our church and how we might best partner with those in our parish.

There is still some work to be done in helping people to see that St. Elisabeth’s is open as a church but with Miz Wells joining us as the new Centre Manager, as well as working with the PCC, we are hoping to promote ourselves more and what we can offer to those in the parish. This will also bring in financial support for the maintenance of the building in the long term.

We continue to be thankful to all those who have helped look after and keep the church in good shape. From the Working Party to many other individuals who help support in making sure our church is well look after. THANK YOU!

Appointment of new incumbent

Hayley and I are continually thankful to God for calling us to St. Elisabeth’s and for the warm welcome to have had over the last year.

Financial review

Ministry cost of Diocese of Chichester

Our largest cost for the PCC is what we pay to the Diocese as our Parish Share. This Parish Share covers housing for clergy, training for clergy, stipend for clergy and pensions, diocesan central cost and the church insurance. Regrettably, St. Elisabeth’s has not been able to pay the full Parish Share in 2022 although not through lack of trying and we only missed it by a short mark.

We will continue to seek to pay our full Parish Share as best as we can throughout 2023 through sacrificial giving from the members of our congregation. We will review the giving within the church, and we will look to talk about generous giving later in 2023.

Staff costs

Throughout 2022 Ruth Figgest worked as our Centre Manager. Ruth did an amazing job getting bookings and getting the church back on its feet after the pandemic. However, Ruth decided to step back from her role at the end of 2022.

Hayley has been volunteering as the Centre Manager in the vacancy, and we have been very grateful to her for doing this as well as setting up a new hall booking system.

Miz Wells has been appointed as the new Centre Manager and will start on the 10[th] April 2023, she will be working remotely due to prior commitments and will do this until the 15[th] May 2023.

Office costs and repairs to the fabric of the church building

Thanks again to the Working Party who have reduce significant costs for us, which we would have had to pay for. We are currently in the process of getting a quote for the north facing wall windows and the painting of the window frames.

Overall, the Church had a surplus of £3,268 (2021: £2,304). Total funds at the year end were £84,588 (£2021: £81,320), of which £25,352 (2021: £27,190) was held in restricted funds and a further £4,923 (2021: £5,253) in Endowment funds.

Reserve money

Our PCC policy is to hold money in reserve for staffing and for unforeseen situations. This is held in general restricted funds.

ST ELISABETH'S PCC

COUNCIL'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Plans for future periods Future planning

The land of the old church still remains an issue for us and gives the impression that St. Elisabeth’s no longer remains open. There are still ongoing conversations about what will be done with the land but I hope by the end of the year development on the site will have begun to take place.

We are looking into re-discovering ‘our roots’ as a church, this will be an ongoing journey and will require patience and prayer as we work out what this will look like.

Structure, governance and management

The Parochial Church Council (PCC) is registered with the Charity Commission as required by the Charities Act 2011. Its governing document is the Parochial Church Councils (Powers) Measure 1956.

Members of the PCC are either ex officio or elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation rules. In 2022 the meeting was held on 24[th] April 2022.

The PCC members who served during the year and up to the date of signature of the financial statements were:

Ms Christine Swanborough-Nilson Mr Peter Adams Mr Bill Fennell Ms Elisabeth Prime Mr Christian Nilson (Deceased 13 November 2022) Ms Susan Santos Mr Lee Cheetham Mrs Ann Harris Mr Colin Allcorn Dr Simon Eyre MA. FRCGP Mrs S Goddard Mr Mark Fifield (Appointed 24 April 2022) Ms Susan Fifield (Appointed 24 April 2022)

Members are warmly encouraged to stand for election to the PCC and we try to ensure a balance of skills and experience where possible.

The Council's report was approved by the Board of PCC Members.

.............................. Mr Peter Adams PCC member

Date: .............................................

ST ELISABETH'S PCC

INDEPENDENT EXAMINER'S REPORT TO THE PCC MEMBERS OF ST ELISABETH'S PCC

I report to the PCC members on my examination of the financial statements of St Elisabeth's PCC (the PCC) for the year ended 31 December 2022.

Responsibilities and basis of report

As the PCC members of the PCC you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

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

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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 financial statements to be reached.

John Caladine FCCA CTA FCIE

Caladine Limited Chantry House 22 Upperton Road Eastbourne East Sussex BN21 1BF

Dated: .........................

ST ELISABETH'S PCC

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022

Unrestricted Unrestricted
Restricted Endowment
funds
funds
funds
funds
general
designated
2022
2022
2022
2022
Notes
£
£
£
£
Income from:
Donations and legacies
3
66,909
11,601
-
-
Charitable activities
4
36,580
-
-
-
Investments
5
420
-
-
-
Total income
103,909
11,601
-
-
Expenditure on:
Raising funds
6
188
-
-
-
Charitable activities
7
109,029
857
1,838
-
Total expenditure
109,217
857
1,838
-
Net gains/(losses) on
investments
12
-
-
-
(330)
Net movement in funds
(5,308)
10,744
(1,838)
(330)		 Total Unrestricted Unrestricted
Restricted Endowment
funds
funds
funds
funds
general
designated
2022
2021
2021
2021
2021
£
£
£
£
£
78,510
64,603
104
-
-
36,580
29,531
-
-
-
420
15
-
-
-
115,510
94,149
104
-
-
188
240
-
-
-
111,724
82,471
7,501
2,141
-
111,912
82,711
7,501
2,141
-
(330)
-
-
-
404
3,268
6,925
(6,987)
1,962
404		 Total
2021
£
64,707
29,531
15
94,253
240
92,113
92,353
404
2,304

ST ELISABETH'S PCC

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Unrestricted Unrestricted
Restricted Endowment
funds
funds
funds
funds
general
designated
2022
2022
2022
2022
Notes
£
£
£
£
Gross transfers between
funds
19
-
-
-
-
Net movement in funds
(5,308)
10,744
(1,838)
(330)
Fund balances at 1 January 2022
23,169
25,708
27,190
5,253
Fund balances at 31 December
2022
17,861
36,452
25,352
4,923		 Total Unrestricted Unrestricted
Restricted Endowment
funds
funds
funds
funds
general
designated
2022
2021
2021
2021
2021
£
£
£
£
£
-
(4,513)
410
4,103
-
3,268
6,925
(6,987)
1,962
404
81,320
16,244
32,695
25,228
4,849
84,588
23,169
25,708
27,190
5,253		 Total
2021
£
-
2,304
79,016
81,320

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

All income and expenditure derive from continuing activities.

ST ELISABETH'S PCC

BALANCE SHEET

AS AT 31 DECEMBER 2022

Notes
Fixed assets
Tangible assets
13
Investments
14
Current assets
Debtors
15
Cash at bank and in hand
Creditors: amounts falling due within
one year
16
Net current assets
Total assets less current liabilities
Capital funds
Endowment funds
18
Restricted funds
19
Unrestricted funds
Designated funds
20
General unrestricted funds		 2022
£
4,435
74,002
78,437
(4,315)
36,452
17,861		 £
5,543
4,923
10,466
74,122
84,588
4,923
25,352
54,313
84,588		 2021
£
10,313
64,269
74,582
(6,971)
25,705
23,172		 £
8,456
5,253
13,709
67,611
81,320
5,253
27,190
48,877
81,320

The financial statements were approved by the PCC Members on .........................

..............................

Mr Peter Adams PCC member

ST ELISABETH'S PCC

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

Charity information

St Elisabeth's PCC is a charity governed by the Parochial Church Councils (Powers) Measure 1956.

1.1 Accounting convention

The financial statements have been prepared under the Church Accounting Regulations 2006, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The PCC is a Public Benefit Entity as defined by FRS 102.

The PCC has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the PCC. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the PCC members have a reasonable expectation that the PCC has adequate resources to continue in operational existence for the foreseeable future. Thus the PCC members continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the PCC members in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the PCC.

1.4 Income

Income is recognised when the PCC is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

ST ELISABETH'S PCC

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies (Continued)

Donations and legacies

Collections are recognised when received.

Planned giving receivable is recognised when there is evidence of entitlement, receipt is probable, and the amount accords with the Gift Aid declaration or other record of intention to donate.

Gift aid recovered is recognised when the income to which it is attached is recognised.

Grants and legacies are recognised when the formal offer in writing of the funding, is received by the PCC.

Charitable activities

Sales of magazines and study notes are recognised when received.

Rents from property are recognised in accordance with the rental agreements, when receipt is probable.

Other trading activities

Trading activities are where income is receivable in return for selling goods or providing services. Income from trading is recognised either: a - when received, or b - in the case of room hire charges, when the hire has taken place and receipt is probable or c - in the case of concerts: for the year in question, irrespective of date of receipt Advance receipts for both concerts and room hire are included in creditors until the concerts or hiring has taken place.

Investment income

Dividends are accounted for when due and payable. Interest entitlements are accounted for as they accrue.

1.5 Expenditure

Expenditure is accounted for on an accruals basis and accounted for gross.

Grants

Grants and donations are accounted for when paid over, or when awarded where the award creates a binding obligation on the PCC.

Church Activities

The diocesan parish contribution is accounted for on an annual basis, reflecting the allocation set by our Deanery. Any parish contribution unpaid at 31 December is provided for in these accounts as an operational (though not a legal) liability and is shown as a creditor in the balance sheet.

1.6 Tangible fixed assets

Consecrated and beneficed property of any kind is excluded from the accounts by s.10(2) of the Charities Act 2011. Movable church furnishing held by the Vicar and Churchwardens on special trust for the PCC and which require a faculty for disposal, are accounted as inalienable property unless consecrated. They are listed in the church's inventory which can be inspected but are not included in the financial statements. For other property acquired prior to 1 January 2003, there is insufficient cost information available and therefore the cost of such assets is not stated in the financial statements.

All expenditure on consecrated or beneficed buildings and individual items costing under £1,000 are written off in the year they were incurred.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:

Fixtures and fittings 25%

ST ELISABETH'S PCC

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies (Continued)

No depreciation is provided on freehold property as it is the PCC's policy to maintain these assets in a continual state of sound repair. The useful economic life of these assets is so long and residual values so high that any depreciation would not be material. These assets will be subject to annual impairment reviews. Provision will be made if there has been any permanent diminution in value.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

1.8 Impairment of fixed assets

At each reporting end date, the PCC reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.10 Financial instruments

The PCC has elected to apply the provisions of Section 11 ‘Basic Financial Instruments of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the PCC's balance sheet when the PCC becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

ST ELISABETH'S PCC

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies (Continued)

Derecognition of financial liabilities

Financial liabilities are derecognised when the PCC’s contractual obligations expire or are discharged or cancelled.

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the PCC is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2 Critical accounting estimates and judgements

In the application of the PCC’s accounting policies, the PCC members are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Donations and legacies

Unrestricted Unrestricted
funds
funds
general
designated
2022
2022
£
£
Donations and gifts
66,909
11,601
Donations and gifts
Planned giving (excl tax
refunds)
38,351
-
Collections at all services
8,946
-
Sundry donations and
appeals
3,591
1,601
Gift Aid recoverable
9,974
-
Other funds generated
547
-
Legacies
2,500
5,000
Grants
3,000
5,000
66,909
11,601		 Total
Unrestricted
Unrestricted
funds
funds
general
designated
2022
2021
2021
£
£
£
78,510
64,603
104
38,351
49,241
40
8,946
1,641
-
5,192
3,273
189
9,974
10,408
(213)
547
40
88
7,500
-
-
8,000
-
-
78,510
64,603
104		 Total
2021
£
64,707
49,281
1,641
3,462
10,195
128
-
-
64,707

ST ELISABETH'S PCC

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

4 Charitable activities

Charitable Charitable
Income Income
2022 2021
£ £
Rummage sales 744 6
Fees for weddings, funerals etc 560 435
Church hall hire 35,276 28,671
Other income - 419
36,580 29,531

5 Investments

Unrestricted Unrestricted
funds funds
general general
2022 2021
£ £
Interest receivable 420 15
Raising funds
Unrestricted Unrestricted
funds funds
general general
2022 2021
£ £
Fundraising and publicity
Costs of fetes and other events 178 145
Other fundraising costs 10 95
Fundraising and publicity 188 240
188 240

6 Raising funds

ST ELISABETH'S PCC

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

7 Charitable activities

Staff costs
Depreciation and impairment
Diocesan Parish Contribution
Other clergy costs
Church running and maintenance
Telecoms and internet costs
Waste disposal
Grant funding of activities (see note 8)
Share of governance costs (see note 9)
Analysis by fund
Unrestricted funds - general
Unrestricted funds - designated
Restricted funds
8
Grants payable
Other		 2022
£
9,515
2,913
69,419
6,149
20,612
1,155
630
110,393
191
1,140
111,724
109,029
857
1,838
111,724
2022
£
191		 2021
£
7,768
2,404
52,637
2,317
23,364
1,449
610
90,549
64
1,500
92,113
82,471
7,501
2,141
92,113
2021
£
64

ST ELISABETH'S PCC

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

9 Support costs

Support
costs
Governance
costs
£
£
Accountancy
-
1,140
-
1,140
Analysed between
Charitable activities
-
1,140		 2022
£
1,140
1,140
1,140		 2021
£
1,500
1,500
1,500

Accountancy fees above includes payments to the Independent Examiner for accountancy and Independent Examination services totaling £1,140.

10 PCC Members

None of the PCC members (or any persons connected with them) received any remuneration or benefits from the PCC during the year.

11 Employees

The average monthly number of employees during the year was:

2022 2021
Number Number
1 1
Employment costs 2022 2021
£ £
Wages and salaries 9,515 7,768

There were no employees whose annual remuneration was more than £60,000.

12 Net gains/(losses) on investments

Endowment Endowment
funds funds
2022 2021
£ £
Revaluation of investments (330) 404

ST ELISABETH'S PCC

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

13
Tangible fixed assets
Cost
At 1 January 2022
At 31 December 2022
Depreciation and impairment
At 1 January 2022
Depreciation charged in the year
At 31 December 2022
Carrying amount
At 31 December 2022
At 31 December 2021
14
Fixed asset investments
Cost or valuation
At 1 January 2022
Valuation changes
At 31 December 2022
Carrying amount
At 31 December 2022
At 31 December 2021
15
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income		 Fixtures and fittings
£
72,690
72,690
64,234
2,913
67,147
5,543
8,456
Unlisted
investments
£
5,253
(330)
4,923
4,923
5,253
2022
2021
£
£
2,620
-
1,815
8,701
-
1,612
4,435
10,313

ST ELISABETH'S PCC

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

16 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
Trade creditors
Accruals and deferred income		 2022
£
3,175
1,140
4,315		 2021
£
4,476
2,495
6,971

17 Retirement benefit schemes

The PCC operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the PCC in an independently administered fund.

18 Endowment funds

Endowment funds represent assets which must be held permanently by the PCC. Income arising on the endowment funds can be used in accordance with the objects of the PCC and is included as unrestricted income. Any capital gains or losses arising on the assets form part of the fund.

Balance at Revaluations Balance at Revaluations Balance at
1 January 2021 gains and
1		 January 2022 gains and 31 December
losses losses 2022
£ £ £ £ £
Permanent endowments
Eliza Watson 1,467 97 1,564 117 1,681
Clarke Graveyard 841 (56) 785 (105) 680
Watson Graveyard 2,541 363 2,904 (342) 2,562
4,849 404 5,253 (330) 4,923

ST ELISABETH'S PCC

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

19 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Balance at Resources Transfers Balance at Resources Balance at
1 January 2021 expended 1 January 2022 expended 31 December
2022
£ £ £ £ £ £
Chalk Cliff Trust 2,954 - - 2,954 - 2,954
Music 223 - - 223 - 223
Upstairs kitchen and toilet 629 - - 629 - 629
eBay 6,125 - - 6,125 - 6,125
Garden fund 564 (213) - 351 - 351
Arts fund 10,942 - - 10,942 - 10,942
Children fund 158 - - 158 - 158
Charity Contact Centre 18 - - 18 - 18
Totz equipment 367 (90) - 277 - 277
Capital equipment -
depreciated assets 3,248 (1,838) 4,103 5,513 (1,838) 3,675
25,228 (2,141) 4,103 27,190 (1,838) 25,352

ST ELISABETH'S PCC

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

20 Designated funds

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:

Movement in funds Movement in funds Movement in funds Movement in funds
Balance at Incoming Resources Transfers Balance at Incoming Resources Balance at
1 January 2021 resources expended 1 January 2022 resources expended 31 December
2022
£ £ £ £ £ £ £ £
Legacy AH 27,692 - (7,375) 410 20,728 5,000 (734) 24,994
Club 1 447 - - - 447 - - 447
Community Support 2,587 (213) - (35) - 6,000 - 6,000
Messy Church 404 - - - - - (123) (123)
School lunches - 75 (65) - 2,340 - - 2,340
Vicar's discretionary 1,086 - - - 404 - - 404
Flowers 512 242 (62) - 10 21 - 31
Windows (35) - - 35 1,086 - - 1,086
Totz - - - - 693 580 - 1,273
32,693 104 (7,502) 410 25,708 11,601 (857) 36,452

ST ELISABETH'S PCC

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

21 Analysis of net assets between funds

Unrestricted
funds
Designated
funds
Restricted
funds
Endowment
funds
2022
2022
2022
2022
£
£
£
£
Fund balances are represented by:
Tangible assets
5,543
-
-
-
Investments
-
-
-
4,923
Current assets/(liabilities)
12,318
36,452
25,352
-
17,861
36,452
25,352
4,923		 Total
Unrestricted
funds
Designated
funds
Restricted
funds
Endowment
funds
2022
2021
2021
2021
2021
£
£
£
£
£
5,543
2,943
-
5,513
-
4,923
-
-
-
5,253
74,122
20,226
25,708
21,677
-
84,588
23,169
25,708
27,190
5,253		 Total
2021
£
8,456
5,253
67,611
81,320