Trustees Annual Report and Financial Report of The Parochlal Churth cntil of thè E£desl*icat Partsh of St Margaret, Rottingdean St Margarevs Church. The Green, Rottingdean, Brighton BN2 7HA Registered Ch3rity no. 1138715 For the year ended 3tst Defflber 2022 CONTENTS Page Trustees annual report Statement of financial activtties Balance sheet Notes to the accounts 14 Report of the independent examiner Website-. stmargaret.org.uk The Revd Dr A Moore Incumbent.. St Margarevs Church The Green Rottingdean BN2 7HA Independent Mr P Woodgate examiner.. Unit 43 Newhaven Enterprise Centre Newhaven BN9 9BA Banker5'. Natwest. Shawbrook Bank
St Margarevs, Rottingdean Trustees Annual Report for 2022 Our alms and purposes as a charity The PCC has the responsibFlity ol co-operating with the incumbent, the Revd Dr Anthony Moore, ift.. The promotion of the gospel of the Lord Jesus chr according to the dortrines an(1 prattites of the Church of England Promoting in the parish the whok mission of the churd), pastoral. so(ial, evangelistic and. ecumenical To know Jesus better and make Hirn better known Practical support and Ca for people In the parish, from the youngest to the eldest. irrespective of level of need or. ability to pay Providirjg financial support those in need and. to other organisations with similar objectlves. What we planned to do to achieve our charitable objertives When plannin8 our artivities for the year, our incumbent and the PCC have considered the Charity Commission's guidance on public benefit and, particulèrly, the specific guidance on 'charit>es for the advancement of religion,. Obviously, some of the planned activities were curtailed due to dtfferent degrees of Cowd 19 restrirtions. The council has complied with the duty under 5ertion 5 of the Safeguarding and aergy Discipline Measure 2016, fully recognising its duty to have tlue regard to House of Bishops, guidance on safeguarding children and vulnerable adults. For 2022 we discussed and planned the following objectives and acttvitses to fuffil our aims.. Enabling as many people as possible to worshtp at our church Enabling as many people as possible to become part of our parish community Teachin8, baptisin8 and nurturing new and existtng believer5 Maintaining an overview of worship throughout the parish Considering how servites can involve the manygroups that live wtthin the parish Putting faith into practice, through prayer and scripture, music and sacrament Offering worship and prayer. learning about the Gospel. in small group situations Assisting people from all walks of life to develop their knowledge of, and trust in, Jesus Provision of pastoral care for people living in the parish Provision of assistance to the poor and needy of the parlsh Giving donations to tharitable organisations and supporting the Whitehowk food bank Maintaining the tsbric of the church building as a historic centre and focu5 of life in the village. What we achieved and how we afferted beneficiaries. Ilves Attendance ot worshlp The church family welcomes visftors from within a5 well as outside the pash boundary. Visitors attend by personal choice and, it is our great pleasure to welcome anyone from all walks of life to take part in the life of the church. We contend that voluntary attendance to worship the Lord Jesus Christ. is a major demonstration of the public benefit of our activitie5. Over the course of the year se1 attendano has Èncreased slighty following the Covid 19 pandemic. We look to encourage the deepening of farth for all ages. and work dosely with ourchurch primary school. TRUSTEES AN14LIAL REPOR T
Christmas is a very speclal time of lebratiOn where many sections of the communtty come together to join in the servtces. There was a marked increase in attendance this year. A normal schedule of services and community events has been restoretl. A weekly recorded audio servlce has continued. People have been able to access this seNice online and via a speaally designated phoneline. The Alexa provlsion has ceased. Teachinth boptising ondnurturing new ondexisting belleve It was with great delight that we celebrated the baptism of several children. A number of weddirbg5 were celebrated. Provision of the churrh buildingforpeople to enjoy It is important to U5 that the church is available for private prayer. not just to the church famlly. but to the wlder visiting community. To this end the church building is open duringthe day. Many remark not onty how refreshlng It is to find an open church but, also the sense of peacefvlness and spirttuality the church pervade5. Other feedback includes the sense of history vthin: that people of much earlier generations found Ilfe and presence there, and comments on the appreciation of the arthirectural beauty of the buildin& especially the Edward Burne- Jones windows. Spatlal reorderin8 of the thurth building and future projects Our church family has continued ro develop plans to reorderthe nave of the church and create an extension. The new extension will house a kitchen, accessible toilet and baby change facilities, new office accommodation, anil a large and small meeting room for use by the church and local community groups. As part of the project, we will enhance the audio-visual equipment, replacing some elements where nece55ary. This will enable a rn0 modem approach to services, whilst protetting those who prefer the alternative approach to worship through hymn books and leaflets. Ongoing deasions made in faith, to adopt and encourage the Diocesan Strategy of reimagining of ministry and, to modernise our church building, point to a hopeful fLrture, but will require the continued spiritual commitment from all of us. to see it realised. We are In the fortunate Eor10n to be able to cover the cost of the project havlng sold St Margareys Cottage, and because of two substantial legaaes, and a generous dorbation of financial support. Pmvlslon oApastorol ¢are/orpeople Ilvlng In the portsh The Vicar and our Parish Wisitor are responsible for hosprtal TrMsit5 and home communions. We also wsit local care homes and keep in touch with parishoners by telephone. Other charitable giving The church famKly ha5 5UPPOrted the church primary school and the Royal British Legion. Donations collected from our congregation were given to Off The Fence. Royal British Lebrion and Voices in exile. Flnancial Revlew rreasurer The PCC would like to thank Joanne Sice for her hard work and efforts asthe previous Treasurer and her excellentjob of handing over to our newly electe(l TreaSUr, William Woodhouse. Incomin9 and outyolng resources Total receipts on general unrestricted funds received were £103,650 and are detailed in the Financial Report. The Treasurer has started an exercise at the end of 2022 to ensure that the Church has the most up to date records in place for claiminB Grft Aid on qualifying donations. We are pleased to say that the exeruse is going well and have seen an uptake in slgnèd forms being reIVed and records being updated. Legaues reoived 2022 amountsd to £104,771. TR USTEES ANNUAL REPOR T
The PCC are committed to identifying cost savlngs and effiaenaes and a line by Ilne cost review was undertaken in 2022. Unfortunatefy the contartless card machine was bwnd economlc paIr, but we are exploring posslbilities of replacement. This has had an adverse effect on our in¢ome in 2022. Sharlng the mlnlstry¢OSts oAthe Dlocese oAChtchester The largest expendtture of the PCC was the Sum of £76,967 paid to the diocese for our share of all churches, Parish Ministry Costs. The total relates directlyto the housin& support, stipend and pension costs of the dergyof this parish, training of new ordinands, a contribution to national church funds and, shared costs of the Christian family throughout the whole diocese, including assistan towards the upkeep of thurches less able to manage than ourselves. Is antScipated that the share of Parish Ministry Costs will redu in 2023 in line wtth the thurch being closed as part of the development works. Staff costs The PCC employs no staff. Trustee poyments and expenses The PCC also supported the clergy by paytng Council Tax of £2,653 and Water charges of £337. Clergy expenses are lower this year asthe Wicar has not been claimimgfull expenses. this will continue into 2023 until our finances recover. This is a way of supporting the finances of the Parish. There were no payments to persons related to or connected to. the Trustees. Office costs We had previoLrsly negotiated a 5-year fixed rate utility contract. which has helped us erKJrmously as the predicted energy price increase hit in Autumn 2022. Why we hold some money in reserve It is PCC poliry to maintain a balance on the general unrestrFrted funds (excluding propertyl which equates to approximately three months, worth of unrestricted payments as contingency against unforeseen situations. As well as holding the above general reserves, from time to time the PCC receives unrestricted or restrlrted legacles for expenditure defined by the donor. St Margareys Cottage was sold in 2022 and the sale proceeds are held tn our account with Shawbrook Bank to accrue some interest and for security of not keeping large sums in our current account. Management of risks and their mitigation The PCC has an ongoing task of reviewing the major risks which impact on the work of the chvrches in the parish. The usu31 PAT testing and fire extinguisher checks have bn carried out. The PCC consider that the principal risks anil uncertainties are.. The health and safety within the church building in particular a potential trip hazard with lifting floor tiles. This ssue will be resolved following the re-ordering project expeaed to Commen in 2023, later than prevbously hoped. The need to fund unexpected costs. An unexpected fall in income. The requirement to find volunteers with the approprfiate skills, time and commrtment to support the ministry of the congregation." this is provin8 increasingly difficult since the pandemic. The PCC seeks to manage these risks and uncertainties by regLtlarly reviewing its Mission Artion Plan and its plans for the use of the church building. We aim to maintain our property to a high standard and carry out the priority items of a quinquennial review In a timely manner. We alm to diversrfy income and plan to more effectfvely hire out the churth building to external partie5 once the re- ordering takes place. We are pleased to be ale to pay l(KJ% of our parish share in 2022 (amounting to £76.9671. TRUSTEES ANNUAL REPORT
Future uncertainties At some point in time, hopefully Autumn 2023, we will need to close the churth building for repair and development work. The building will be dosed for 5-6 months which will have a negative impact on our finances through loss of fee Income and visitor donations. Strurture, governance and management of the charlty The Parochial Church Council IPCCI ts registeied wtth the Charity Commission as required by the Charities Act 2011. Its governing document is the Parochial Church Councils Ipowersl Measure 1956. During the year the following seNed as members of the Parochial Churth Council= Ex OffKio members Incumbent-. The Revd Dr Arrthony Moore Chairman Wardens- Dawn Davrdson Heather Butler Elected Members Bemie aark Lorna Coleman Kerwin Hack Mary Hanna Mike Laslett Susan Leaney William Woodhouse SLtsan Sparks Duncan Ward Michael Maddox resignetl Autumn 2022 Safeguarding Officer Treasurer Secretary Deanery Synod Membership of the PCC is determineil under the Church Represenr3tion Rules and consists of certain ex-officio member5 (the incumbent), the churchwardens and members of the Deanery, Diocesan or General Synods 3nd members of the church who are elected at the Annual Parochial Church Meeting IAPCMI. Member5 are warmly encouraged to Stand for election to the PCC and we try to ensure a balance of skills and experience where possible. This Trustees, Annual Report was approved by the PCC and signed on their behalf by The Revd. Dr Anthony Moore. PCC Chairnian Date... TPUSTEES ANNUAL REPORT
Annual Financial Report The PaTh51 Churth Cwncll of the EttlÈSlcal Parfsh ol St Margaret's Church, Rottingdean St Margareys Church. The Green, Rottingdean. Brighton BN2 7HA Registered Charity no. 1138715 For the year ended 31st December 2022 CONTENTS Page Statement of financlal actlvities Balance sheet Notes to the accounts 14 Report of the independent examiner
St Margaret's Church. Rottingdean Statement of Financial Artivities registered chority number 1138715 The financial effect of our activities during the year can be summarised as follows ENhy¥d Toial F$ 2022 rotoiFunds 2021 Plotes Fund I Fw Income and endowme1 from: Donatlons and legacie5 CharitsblÈ actnitties 82.189 .' 107.496 ,685 1 Z73.221 10,790 Other tradirg actiyitles Investments 565 796 Other receipts Totsl income iia.650 107N96 21L146 284.807 Expenthwre oTh'. Raisin8 fijnds Charitable actNitie5 113.696 34987 151958 Othertrad5ngactws proftt on sale of property I3.527) 1603.5271 Total expenthture IIY.696 1568J401 1454W41 152.958 Netgairks lor losses) on investrnents Net Income or (net expendiiurel 6766 131,849 Transfers bthween funds 621 Is211 io 135241 669514 131,849 Other rqragnlsed 8*lhslllossesl: Gains/llo55e51 on revaluation of fixed 3S5Qts Other 83in511105se51 12.oa81 P,0381 9,746 Rectrnciliotion offunds.. 1.623 1.623 mo¥emem th fvnds 66924 . 121)> 665,575 141,595 Total funds brought forward 2(Al.297 232.858 21.216 4543711 312.776 Total funds cayrled froward 198396 .178 119,946 454,371 ANNUAL FINANCIAL REPOR T
St Margarevs Church, Rottingdean Balance Sheet registeredcharity number 1138715 Our firtancial position and summary of funds at the year end were Totsl F$ . rotolFunds 2021 Intsngible assets Tangible a55et5 leritage assets Endowed investments 186.087 19.173 , 21.216 Totsi flxed assets 19,903 207.303 li Stock5 Debtors 1.219 14 Investments Cash at bank and In trwnd 256.838 cwr¢nt assets U2280 258.057 Creditors." Amounts falling due wtthin oryeaT 112.2371 (iOJ891 J5 Net cwrrert assets 247,068 Tot818ssets le55 current liab4Ftie L119.946 454.371 Creditors.. Amounts fallingdue after more than one year PIow5ions for liabilities 16 Total nota55ets or Iliablfftl£sl 1.119.516 454,371 The fvnds ofihe(harlty: Endowmentfunds 19.178 21.216 Restricieo Income iunds )2,372 232,858 Total restrlrted funds 921550 254.074 Unrestricted funds 198,396 2LiI.297 Total unresbictedfunds 198. 2W.297 Totsl charthy fvnd5 LU9,946 . 454,371 18 This Financial Report forthe year ended 31st December 2022, indudingthe notes following. was approved by the PCC and Signed on its behalf by The Revd. Anthony Moore, PCC Chairman: Date...........-.....-............................... ANNUAL FINANCIAL REPOR T
St Margaret's Church, Rottingdean Notes to the Financial Report registered chority number 1138715 l Accounting policies Basis of preparation The PCC is a public benefit enttly within the meaningof FRS102. The finanoal statements have been prepared underthe Charities Att 2011 and the Church Accounting Re8ulations 2006, in accordance wtth applicable accountin8 standards and the current Statemellt of Recommended Practice, Accounting and Reporting by (tharr(ies,150AP IFRS 10211. The financial statements have been prepared under the historrcal c05t convention as modrfied by the inclusion of investments at market value. The financial statements include all transactiOn5. assets aThd liabilities for vthich the PCC is re5pon5ible sn law. They do not include the accounts of church 8roups that owe their affiliation to another body, nor those which are informal 8atherings of church members. Funds accountlng Funds held bythe PCC are.. Unrestrictedfvnds-general funds which can be Sed for PCC ordinary purposes. Designotedfvnds- rnonies set aside bythe PCC of unrestricted funds for specific future purposes or projecis. ReStrleAUlmI5- al income frorn trusts or endowments whkh may be expended only on those restritted objetts provided in the terms of the trust or bequest- bl donations or grants receNed for a specffic object or invited by the PCC for a specific object. The fsjnds may On be expended on the 5pecrfic object for which they were giva). Any balance rernainin8 unspent at the end of the year is carried forward as a balance on thatfund. Endowmentfund5-funds for which the capital must be maintsined- onty income ar$5ingfrom the investment of the endowment may be used, either as Stricted or unrestrirted hjnds. depending on the purpose set out in the terrn5 of the original endovm)ent. Income and endowments All income and endowments, accounted for vrithout deductK)n for any cost5 of receivability. are recognised when there is evidence of entirlement. receipt is probable, aJMJ the arTht caA be measured reliably. Donations and legacies Collections are recognised when received. Pl¢ynned giving reeeivuble recognised when there evidence of entitlement receipt is probable. and the èmount accords wr(h the Gift Aid declaration orother record of intention to donate. Gift oid recovered is ieco8Nised when the incorne to whith it is attached is reco8nised. Gronts ond legocies are recognised when the formal offer in writing of thefundin& is receÈved by the PCC. Ch•rlt•ble •rtfvltl Statutory fees for wedijings and funerals are recogni5ed when the office OCCUT5. Other tradlng activities Trading activities are where income is e1Vable in return for sdling goods or providing services. Income from trading is reco8nised either". a- when reived, or b- in the case of Conce." forthe year in whKh the event occurs, irrespective of date of receipt. Advance bwkin8s are induded in CdITorS unttl theconcert has taken place. Sales of magaziTres and study notes are recognised vthen received. Rents from property are reco8nised in accordance with the rental agreements when receipt is probable. Investment income D&vidends are accounted for when due and payable. Interest entiUements are accounted for as they accrne. ANNUAL FINANCIAL REPOR T
St Margarevs Church. Rottingdean Notes to the Financial Report registeredcharity number 1138715 All other income All other income 1$ recognised in accordanEe with the abo overall poiKy Galns and losses in¥e5tments Reallsed gains are recognised vthen the investrnents are Unrealised galns and losses are accounted foron revaluatlon at 31 Dnber EXpendIre Expènditure 15 recognised when there is ewdence of entrtlement, payment 15 probable. and the amgunt can be measured Grants Grants artd donati$ are Kcounted fort•then paid over. orwhen awarded wherethe award eateS a binding obligation on the PCC Church athitles The dtrKesan parish Contriblon is accounted for on an annual basis, renettin8 the alh)catN)n set by Deanery. Any parish contribution unpaid at 31 December is prowded for in these counts as an operational Ithou8h not a le8all liability and is shown as a creditor in the balae sheet Flxed assets Tongiblefixed ossets Consecrated and beneffted property of any kind excluded from the accounts by s.IIM21 of the tharities Act 2011. Movable church furnishing held bythe WKar and Church¥Ydrdens on special tru5tforthe PCC and which require a faculty for disposal, are COunted as inalienable property unles5 COn5ecrated. They are listed in the church's inventory which can be inspetted but are not Included in the financial statements. For other property acouired prior to 1980 there is insuffKient cost infomiation available and therefore the cost of such assets is stated at a nominal £1 ITh the fiThanual staternents All expendtture on consecrated or beneficed buildin8$ and individual iteff6 costitvJ under £l.000 are written off in the year they were incurred Deprecit7tion Depreciation i% cakulated to wrrte down the cost of tsn8ible fixed assets, exdudin8 freehold properties, overthelr expected useful lives. The rates generalty applicable aTe'. Land 6uildin8s Office equipment 2S% No depreciation is provided on freehold buildings as the useful economic life of these assets exceeds 50 year5 and residual values 50 high that potential depreciaknon would be immaterial. s the PCCS polKy to maintain these assets in continual state of Sound repair. Resultingfrom re8ular impaimient wiew5. prOvisn will be made rfthere has been any permanent diminutw in value Investments Inve5trnents art ststed at market value at the balance sheet date Current A55ets Amounts owin810 the PCC & 31 Llecember in respect offees, rents orother In(off are shown a debtors. less prow5ion for amounts that may prove uncollectible Short-terni deposits indude cash held on dep)sit either with the CBF (hurch of Enand Funds, or at the bank. ANNUAI FINANCIAL REPOR T
St Margaret's Church, Rottingdean Notes to the Financial Report registered charity number 1138715 2 Analysis of income and endowments Restricted Endowed Tolal Fund5 2022 rotul Funds 2021 i Notes Fund Planned ¥[nE lexcl. tax refunds) Planned 8lvin8 Ino tsx refitrKlsl Loose cash collertlons 40.W2 •OW2 4J,609 1 1.725 1,725 2,920 2.469 1 JO,413 2,920 Church Development Defibrillator Headstones 2.188 Mission Fund MuslcTheatre ProJert GIftAld recoverable 6.5 2.275 97.771 880 104,771 9,551 Legacles Donatlons 178.641 23.162 24.662 8.350 '. Grant5 275 11501 125 DOnOn$ and leEades £81189 £107.496 £189.685 E273.221 Fees for v4eddln8s & funeraLq Church hire 9.172 9,172 10,790 2.784 2.784 8.788 Concerts and refreshments Other income 152 Charttable actWs £20396 flo#6 £10,790 Other trading artNltles Bank & CBF deposit interest CBF inve5tmentfund dNKlend 565 565 Imiesknnents £565 £565 Other receipts Totsi ineome and enth)wments on allfunds £103.650 £107N96 £284,807 . ANNUAL FINAP4CIAL REPOR T
St Margarevs Church, Rottingdean Notes to the Financial Report registered choritynumber1138715 3 Analysis of expendlture Totsl Funds ZOZ2 TDtolFtsnds , 2021 Fw Fund spec71 appea cosrs Stewardship t05ts Grants costs InvestsrÈnt managementcosts Other fundr3isin8 Costs Costof ralsJnE funds Charitsble Erants and donations Dlocesan partsh share crgY5d other people's expenses Salarfes and hOraria incl. Nl 2,020 76.967 76,967 1157 74.3Ct71 4,313 3.157 Upkeep ofserwce5 Church runnin8 costs Hall runningcosts Church development projert Church maintenance and repair Upkeep of churchyard Miscellaneous 6.913 6,913 10.tP34 7,67 94 1584 25.061 25.wl 31.290 4,420 9.170 9.170 4,964 5,454 ZB34 Insurance L669 L669 J,619 Prlntin6 and stationery Bank charges Depreciation Govemance L782 1,782 1,349 299 362 36Z 362 li L51 1.680 C05t of tharltablearttr4ltles £ll3,696 £34,987 £148,693 E152.958 Costof other trodlngactbA¢les Total evpendedonall ndS £113,696 £34,987 £148,f*93 £152,958 ANNUAL FINANCIAL REPOR T
St Margaret's Church, Rottingdean Notes to the Financial Report registered chorty number 1138715 4 Missionary and charitable gmng Total Fwds Totol Funds I Fund Notes Home: Rottingdean Sthool RoyolBritish Legithi PopprfApi% (WThe FencÉ Voices in Exlle zo 220 2.020 5 Staff costs Unre5trfrted Restrkrnd Enth)wed Totsl Fwds ,. Tt*&lFunds Fund Fund 2021 i Ilotes Remuneratlon Woges ondsolories Employersooolsecurity costs Employerpension cosrs 6 Payments to PCC members Other payments were made to PCC members in the year for reimbursement of expenses incurred on behalf of the pcc.. al aergy support.. Counctl tax £2,653, Envimnmental charges £337. Travel, hospitaltty, postage, telephone £167 bl No other members received reimbursement for telephone. postage and travellirvg e¥pense5. No person received rernuneration in excess of £fA).O(M). 7 Transactions with persons related to PCC members There were no transactlons with persons related to PCC members in the year12021- none). ANNUAL FIPIANCIAL REPOR T 81Page
St Margarevs Church, Rottingdean reg Notes to the Financial Report 1Stered charity number1138715 8 Transactions with related charities In the year ended 31 December 2022 there were no transactions with lated ¢hartties12021-. None). 9 Governance rotDIFunds Fund IndependerttAtsminoti¢ 158) 8ookkeepino 560 S60 10 Transfers between funds Endowed Totsi Funds Fund 2022 Ttstol Funds 2021 Notes Fund Voriou5 052 16.0521 ANNUAL FINANCIAL REPOR T
St Margaret's Church, Rottingdean Notes to the Financial Report registered thurity number1138715 11 Fixed assets a Investments unre$trk Restricted Endowed Tthl Funds Fund Fun 20ZI Notes Mèrketvèltse lJanuary 2022 D15posals at rarryirqvalue PurchasÈsat cost 19,178 2L216 Net 8ains and revaluatitr) Maiket¥alue 31 Detember 2022 £,178 £21.216 b Tanglble flxed assets Lathd Totsl fixed Cost or valyatlon At l January 2022 AdditKJns IM9 Di5P05H15 Revaluation 1185.cml . | P85WII At 31 Oecember 2022 Charge forlmpalrment At lJanu3ry 2022 Charge for the year Dlsposals Revaluat At 31 De£ember2022 Net book amounts At 31 Decefflber 2022 At31 December2021 18S.¢ 186.087 ANNUAL FINANCIAL REPORT IOIPa£e
St Margarevs Church, Rottingdean reg istered chortity number 1135715 Notes to the Financial Report 12 Fixed assets continued The freehold land and buildings comprise The Cottage. The Green, Rottingdeaft. The historical cost of this property was £185,0(XJ. The property was 501d in January 2022 for £788.527. realising a profft of £603.527. 13 Net assets by fund Endtyed Totsl F¥r Totol Fvnd5 I I Plote$ Fund5 Fixed assets for churth ¥5e 715 In¥estmentffixed assets 19.178 .1 21.2J6 CurrentaSSÈts lexcept cashl Cash at bank ark4 on depo&t Cufrent liabilities 3.6S6 192.315 16.1541 1,656 1 LIOB.624 i {137)1 1,219 256,838 ,' 110.9891 916.a09 16,0831 Lon8term liabilits £542 £9M226 £19J78 £&119J46 .: £454,371 14 Debtors Endowed Fun Total Futhds TotoiFunds 2021 ' Ntstss FuThd5 Gwt èld recoverab 3,353 3353 1 Cvstomericcounts ¥J3 Otherdebtor5 1,219 £1656 £3,656 j £1,219 15 Creditors: amounts falling due within one year Erthwed Totsl Futhds ;. TotolFund5 Fu cruafsand defÈtsed income Loan Reading Room Othercreditors S10 i 2.080 403 1,909 f6.154 £10,989 1 ANNiJAL FINA14CIAL REPOR T
St Margaret's Church, Rottingdean Notes to the Financial Report registeredcharity number 1138715 16 Creditors: amounts falling due after one year RestrKted l Endowed Tthl Fut)0s zo TotolFunés 2021 flotes Funds DÈFerred incorr Accruals for utililies and othÈrt05ts Arthdeacon'5 loin Othercreditor5 17 Comparatives for the statement of financial activities Fund FUTr Incomeantl endowments from.. D0Tr3tionsand legades Charitable activibes 72.167 20L054 273221 . 10.7 10.790 Other ttsding attNfties Investments 796 Other rÈceipts Total It)come 83.753 201,054 284007 .; Expenthtrjre on.. Raising funds Charit3ble artDltbe5 105,863 47A¥95 Other trading activities Other expenditure IOS.863 47m5 152.9 Net gain5 lor1055e51 on inve5trnents Nei Intome or (net o%pendiivrel IzLuoI 153J59 1¥9 TransfeT5 between funds 1211101 153959 I3149 Other recognised gaihslllossesl: Galns/l1055esl on revaluati¢)n of fixed a55ets Othergain51110s5es1 REconciliotion offuftds.. Net movement In lund$ 7.198 9.746 114912) 153359 I4195 Tot31 fvnds brought for¥Yard 215,209 78m9 18.668 312.776 1 Total funds carl1 forward 21KI.297 231A58 Zl216 ANNUAL FINANCIAL REPOR T
St Margaret's Church, Rottingdean reg istered cht7rity number 1138715 Notes to the Financial Report 18 Statement of funds Explanation of funds Endo*Ydfvnds ore requiredty the donors to be investedondrhe incomespentonspecffftobjertNes. The Chancel, Graves and Coveney bequests are pern7arnt endowments. Re5trktedfvnds ore notinves1edperm0nentfyb Gre to be spent within reosonuble timescules. Ufftstrktedfvndsore not Subject toany donorrestrirtionsand cun bgspentus the Pccdecides. Summary of all funds Fund income and expenditure and final balances are as follows.. BabaKes Translers 8alance5 other6aln5 cjfv and losses 31 Dec 2022 ljan 2022 Chancel 1.703 268 1971 G18ves 4.449 15231 11,7831 3.926 Coveney Totsl of all endowedfunds 21216 IU1381 19.278 Chu¥ch Ck)ck 11,(5) 164.183 L5 14351 L52S Church Development Colonel Jukes Churcktyard Missien Fund 97.871 578.466 19.4361 14901 39. 266 30.510 2.250 &760 Mu&cal Theatre Proiett Tower Restoration 418 11501 19.9781 2&642 20.789 T£ of811 restrkttd fund5 1&5221 GÈnÈral fund 2.297 103,210 11135421 11541 8.131 194096 . 3CQ FloweTfund 14 Do5v4n3ted Fund RevaluatKn Te5er¥e Total olall unrestFltted fvnd5 I(1)297 101650 lu36} 194396 Totsl fwds f454J71 £(4) £1119.946 ANNUAL FINANCIAL REPOR T
Independent Examiner's Report to the PCC of St Margaret's Church, Rottingdean for the Year Ended 31st December 2022 This is my report to the Parochial Church Council of the Ecclesiastical Parish IPCCI of St Margaret, Rottingdean, on the annual report for the year ended 31" December 2022 set out on pages I to 14. Respertiye re5pon5iblllties of The PCC membefs are responsible for the preparation of the annual reports. The PCC trustees and examlner members consider that an audit 15 not required for this year under section 144 of the Charities Act 20111.the Charities Act-l and that an independent exarnination is needed. It is my responsibility to.. examine the account$ 5Jnder settion 145 of the Charities Act. to follow the procedures laid down in the general Directions given by the Charity Comrni55ion (under section 14515llbl of the Charities Act, and to state whether particular matters have come to my attentlon. Basis of Independent examinerfs statement My examination was carried out in accordan with general Dirertions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those reeords. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees toncerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the account5 present a 'true and fair, view and the report is limited to those matters set out in the statement below. Independent examlner's statemènt In connertion with my examination, no matter has come to my attention- which gives me reasonable cause to believe that in, any material respect, the requirements.. to keep accounting records in accordance with section 130 of the Charities Act; and to prepare accounts which accord with the accounting records and eornply with the accounting requirements of the Charities Act have not been met,. or to which. in my opinion, attention shtsu5d be drawn in order to enable a proper understandin8 of the accounts to be reached. Examinerfs slgnature Examlnerfs name CAPITALS Philip Woodgate, FCCA Date Relevant professlonal qualificationlsl or bodv ACCA Examlnevs address Unit 43, Newhaven Enterprise Centre, Newhaven, BN9 98A ANNUAL FINANCIAL REPOR T