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2022-12-31-accounts

Parochial Church Council of Abbeydale and Millhouses Trustees’ Annual Report and Unaudited Financial Statements for the year ending 31 December 2022 Charity Registration Number: 1142485

Hebblethwaites Chartered Accountants 2 Westbrook Court Sharrow Vale Road Sheffield S11 8YZ

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Reference and Administrative Details

Mission and Purposes

The Mission of the Parish of Abbeydale and Millhouses

Charity Registration Name: Parochial Church Council of Abbeydale and Millhouses Charity Registration Number: 1142485 Principal Office: The Vicarage 80 Millhouses Lane Sheffield S7 2HB

Trustees: Revd. Matt Wood Revd. Dr A Lauener Mrs V C Boddye Mr D E Crosby Mrs G J Crosby Mrs J Davis Mr I Downing Mrs E Frost Mrs P Gregory Mrs K Harwood Mr N Harwood Mrs J E Haigh Mrs C Hill Mr A Horsfield Mr I Hunter Mrs V J Ledbetter Mrs P Marshall Mr M Morton-Thorpe Mrs M Minns Mrs J Paddock Mrs G Quarrell Ms J Rowson Ms A Smedley Mrs V Smith Mrs L Tulley Mr B Wrigley Principal Bank: Virgin Money. 66 Fargate Sheffield S1 2HE Accountants: Hebblelthwaites Chartered Accountants 2 Westbrook Court Sharrow Vale Road Sheffield S11 8YZ

The Parish, with a population of 12,000 in 4,800 households, lies in the attractive suburbs of South-West Sheffield: Bradway, Totley Brook and Abbeydale Park in Dore Village and Millhouses. The population is overwhelmingly white and 60% declare themselves Christian. The Parish of 1.8 sq miles is bounded on its southern border by the River Sheaf and includes the public open spaces of Beauchief Gardens, Millhouses Park, Poynton and Ecclesall Woods and substantial areas of Sheffield Green Belt.

is to Love God, Value People and Care for His World.

St. John the Evangelist and Holy Trinity are Inclusive Churches.

We believe we should fulfil the Love of God in whose image everyone is made. All are welcome to our worship, activities and employment regardless of race, colour, national or ethnic origins, age, gender or gender assignment, sexual orientation, marital status, pregnancy, disability, politics, religion, belief or non-belief.

(Parish employment may justifiably be subject to conditions regarding religion and faith that are a necessary requirement of the post.)

The Parochial Church Council of Abbeydale and Millhouses is responsible for promoting in the Parish the whole Mission of the Church for the advancement of religion for public benefit by welcoming everyone to worship, prayer and study, through outreach and evangelism, in parish activities and the provision of sustainable facilities for our members and communities. The PCC cooperated in the Mission with the Revd. Matt Wood following his appointment as Curate-in-Charge in July.

Objectives and Activities

Mission Action Plan for 2022

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Governance

Revd. Matt Wood

Revd. Matt Wood was installed as Curate-in-Charge on 3 July 2022 by the Bishop of Doncaster at Holy Trinity Church during the All-Age Service. He will continue under the supervision of the Vicar of St. John Ranmoor until July 2023.

The Parochial Church Council

The Parochial Church Council (PCC) is a corporate body established by the Church of England in the Diocese of Sheffield and operates under the Parochial Church Councils (Powers) Measure 1956 to undertake ecclesiastical purposes and the Church Representation Rules 2020. Abbeydale and Millhouses PCC is a Registered Charity and ensures that its Mission serves the public benefit. The PCC approves and submits its Trustees’ Annual Report and Financial Statements to the Annual Parochial Church Meeting (APCM), Sheffield Diocese and the Charity Commission.

The PCC comprises ex-officio: the Curate in Charge, an associate priest, a licensed lay reader, two lay workers and elected and co-opted PCC officers. There are up to twelve members elected by those on the electoral roll of the parish. Each year at the APCM normally one third of the elected members retire and members on the electoral roll of the Parish are encouraged to stand for election to office and membership of the PCC. The process has not been enacted due to the Interregnum this year. All members of the PCC are Trustees of the registered charity.

PCC members who have served from 1[st] January 2022 for the calendar year are:

Ex-Officio members: Curate-in-Charge: Revd. Matt Wood (Chairman after July) Associate Priest: Revd. Dr. Angie Lauener Lay Reader: Michael Morton-Thorpe Wardens: Vanessa Boddye Elizabeth Frost Juanita Haigh (Chair until July) Valerie Ledbetter Pastoral Workers: Pat Gregory Ann Smedley Safeguarding Officer Gill Quarrell Deanery and Diocesan Synods: Ian Downing Brian Wrigley Elected members : Until 2023 Joan Davis Ian Hunter Margaret Minns Jenny Paddock Until 2024 Nigel Harwood (Deputy Warden) Pat Marshall Juliet Rowson (Deputy Warden Lynda Tulley (Deputy Warden) Until 2025 Gail Crosby Andrew Horsfield Catherine Hill Valerie Smith (Deputy Warden) Co-opted members: Katie Harwood (Secretary) David Crosby (Assistant Treasurer)

Church Hall Committee at Holy Trinity and Parish Centre Committee. Committee reports are considered by the Standing Committee and reported to and relevant issues considered by the PCC. Summary notes and Minutes of the PCC and Committees are available in both churches for our congregations’ information.

The PCC met five times, to promote the Parish Mission: develop worship provision, prayer and study opportunities and outreach ministry, plan parish activities and to decide and monitor the budget, agree the Common Fund pledge and charitable giving allocation, allocate funds to committees, approve financial expenditure and financial reserves and plan the annual stewardship campaign.

The PCC and representatives met with the Archdeacon of Sheffield and Rotherham and Associate Archdeacon-Transition Enabler to prepare the Parish Profile and met for a Section12 meeting to agree the Parish Profile and the job description for a new Priest-In-Charge (Oversight Minister). The Archdeacon announced that Revd. Matt Wood would be appointed Curate -in-Charge for 12 months from July.

Electoral Roll

The Parish Electoral Roll has 162 members of whom 80 are not resident within the Parish.

Parish Safeguarding

All employees, PCC members and volunteers who support children’s and vulnerable adults’ activities are DBS Checked. A Social Media Policy was adopted to promote open and friendly contact and prevent offensive, indecent or illegal content.

Covid-19 Risk Assessment

The Church opened for more normal worship during the year in accordance with government and Church of England requirements and advice. Administration of Communion following Diocesan Advice moved to administration in both kinds.

General Data Protection Regulations May 2018

The Policy is on the church web site. A continuing audit of personal data collected is undertaken.

Parish Administration

Our Parish Administrator Bev Ramsey worked in the Parish Office each weekday morning assisting the wardens during the interregnum and Curatein-Charge after July and making bookings for the hire of church buildings, church halls and the Parish Centre. The PCC thanks Bev for her continuing support. The Wardens maintained the Church Terriers, Logbooks and PCC policy documents and arranged the church buildings for Covid-19-safe worship. The Assistant Treasurer, David Crosby, managed the General Fund and advised the PCC on the budget and budget forecast. Richard Frost managed the Parish Centre Fund and Andrew Horsfield managed the Church Halls Fund. Neil Bridgwater continued as Stewardship Secretary. Chartered Accountants Hebblethwaites provided accountancy services and helped prepare the Annual Financial Statements for independent examination and Richard Murdoch of Hebblethwaites was re-appointed as Independent Examiner.

The PCC appoints and is supported in its Mission by several committees: Standing Committee, Finance Committee, Charitable Giving Committee, Trio Magazine Committee, Fabric Committees at St. John’s and Holy Trinity,

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Deanery Synod

Ian Downing and Brian Wrigley are members of the partnership of Attercliffe and Ecclesall Deanery Synods.

Diocesan Synod

Ian Downing and Brian Wrigley are elected by the Deanery Synod to the Diocesan Synod for three years. The Diocese has adopted a new pattern of ministry with a reducing number of stipendiary ordained oversight ministers, lay focal ministers, mission areas and an increased provision of pastoral, financial, buildings and energy advisors at Church House.

Achievements and Performance

Worship

Covid secure Services were undertaken in both churches and in St John’s church hall during reordering works in the first half of the year. Covid restraints were relaxed in the latter half of the year. All services were streamed live on-line via ‘Zoom’ and recorded and uploaded onto the website, including Holy Communion, All-Age Worship and Services of the Word on Sundays and Morning Prayer during the week.

A diverse programme of worship provided in both churches is intended to fulfil the spiritual needs of our Parish. During the Interregnum worship was led by Revd. Dr. Angie Lauener and a series of visiting priests. Following the appointment of Revd. Matt Wood as Curate-in-Charge he was supported in leading worship by our Associate Priest SSM Revd. Dr. Angie Lauener, Revd. Brian Cranwell, by our licensed lay reader; Michael MortonThorpe and worship leaders: Martin Flett, Nigel Harwood and Philippa Reed. The four Church Wardens, Deputy Wardens, sacristans, servers, lay communion administrators, intercessors, Directors of Music, choirs and musicians, sides-persons, vergers and sound assistants also undertook valued duties in supporting our services.

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regularly to members including those without access to the internet.

Church Attendance

The average weekly combined church attendance including by Zoom, counted in October, was 120.

Life Events: Baptism, Marriage and Funerals

The Parish promotes these Occasional Services as an important part of our Ministry.

We welcomed families to eight Baptisms throughout the year. Families of baptised children on their first four anniversaries had cards delivered with verses and prayers for the child as we believe it is important to keep in touch with these families and to welcome them as part of the Church family.

We were able to welcome families and friends to thank God in four marriage services. Fourteen funeral services were held at church and/or the crematorium that provided support to family members and friends in their bereavement and thanksgiving for lives lived in God’s Love. The internment of ashes is available in memorial gardens at both churchyards.

Deanery closing and we welcome those members to our branch that have chosen to join us to enjoy the fellowship and friendship the Mothers’ Union brings.

Each year we support the local Women’s Refuge and for the second year Warm Welcome who provide a rucksack with suitable items for Refugee Children arriving in Sheffield. This year we put an appeal out to the wider Church family and had wonderful and generous support.

Many thanks for this and all the support that enables us to achieve one of the Aims and Objectives of the Mothers’ Union, to help those whose family life has met with adversity.

Pastoral Ministry

Contact with members is maintained by visiting or by telephone with those on the Pastoral Lists who are ill, lonely or housebound. Some have moved outside the Parish boundary into residential care but contact is still maintained. New names are added by request.

When requested Home Communion is taken to those unable to attend Church. It has been much appreciated when Matt has helped in delivering Home Communion. The Team supports the newly established monthly Communion service at Henleigh Hall.

In Autumn Matt started a Community Café at Holy Trinity alongside a small Tots Group on Wednesday mornings, offering a Warm Space including refreshments and a welcoming place to socialise with people of any age in the local area. This seems worthwhile after Covid made us very aware of single, elderly people feeling isolated and lonely. We need more helpers to assist with refreshments to make this a success.

‘Community of the Cross of Nails’

The Cross of Nails is displayed in each church on alternate months. The ‘Cross of Nails Litany’ was said by members led by the Curate-in-Charge, Revd. Dr. Angie Lauener or Michael Morton-Thorpe outside Holy Trinity or St. John’s Church regularly throughout the year. We celebrated the ‘Community of the Cross of Nails Sunday’ at St. John’s on 26 September.

Matt encouraged and supported the Team in leading two Wholeness and Healing Services before Christmas.

Pastoral support meetings with Matt are very much appreciated and a good way of sharing our ideas, workloads and concerns. The Team helped deliver Christmas ‘Goodie Bags’ to the housebound. This new initiative by Matt was very well received and hopefully will be repeated next Christmas.

Ecumenical Relationships

Carbon Footprint

The Parish continues its strong relationship with Millhouses Methodist Church that also contributed regular editorial material to the ‘Trio’ magazine. The annual Sheffield and District Cambrian Society Service was hosted again at Christmas in St. John’s church.

Bible Study and Study Courses

Bible Reading Fellowship’s ‘Guidelines’ were available three times a year by subscription, organised by John Shortland for members of the congregations. The PCC met at a special meeting to approve the sponsorship of Nigel Harwood on the Diocesan Foundation Course. A Parish Advent Quiet Morning was held at Whirlow Spirituality Centre in December led by Amanda Georgiou.

St. John’s Mothers’ Union

Margaret Minns, the Branch Coordinator, reports we are pleased that we have been able to return to our regular meetings this year after the disruption Covid has had in all our lives.

There are now 27 loyal branch members including four members who are indoor members. The increase from 20 is due to some branches in the

Measures to reduce energy use are being undertaken in each building on an incremental basis, as appropriate. Proposals for solar panel installations at both church halls are in-hand. All our electricity is generated by renewable sources. We aim to meet the Church of England’s and Diocese’ target of zero net emissions by 2030.

Support for disadvantaged people

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for the generous gifts of food and Chris Wrigley’s organisation of the collections.

Charitable Giving

The PCC has a policy of allocating 10% of planned voluntary income to charitable giving. The PCC allocated £10,000 and made seasonal and other appeals for various charities including Christian Aid. The Lent Appeal this year was for ‘Sheffield City of Sanctuary’, the Harvest Appeal was for the Cathedral Archer Project and the Advent Appeal , commencing with our Christingle Services was, as usual, for the Children’s Society.

Redundant choir robes from St. John’s were donated to the Christian African Relief Trust.

Charitable Giving 2022

CHARITY £
Lent Appeal: Sheffield City of Sanctuary 1,701.25
Disaster Emergencies Committee Ukrainian Humanitarian Appeal 1,487.50
Christian Aid 268.75
Disaster Emergency Committee Pakistan Flood Appeal 1,093.75
Harvest Appeal: Cathedral Archer Project 2,131,25
Advent Appeal: Children’s Society 1,576.91
Sheffield Area Kidney Association 136.20
Grace Food Bank 750.00
Sheffield Churches Council for Community Care 750.00
Manor and Castle Development Trust 750.00
Sense 400.00
Open Doors 400.00
Sightsavers 400.00
Mind the Gap Africa 400.00
Mothers’Union Away From It All 400.00
Aquabox 43.75
TOTAL including gift aid tax 12,689.36

Children and Families Outreach Mission

the ongoing support, prayerful and financial, of Churches and individuals locally.

Community Outreach Mission

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Parish Volunteers

The Annual Report demonstrates the scope and scale of our Parish Mission and contribution to the public benefit. The PCC is grateful for the diligent work of the Committees and the considerable support of all our members that gave their time and talents. This represents many hours of prayerful effort by Church members without whom the whole Parish Mission would not be undertaken.

Financial Review

Budget and Budget Forecast

The PCC approved the 2023 Financial Budget of £279,375 and a budget forecast for the five-year period to 2028 to help ensure the ongoing financial viability of the Parish Mission. In response to the request from the Diocese to increase our pledge by 8% based on our 2019 contribution the PCC agreed to pledge £75,600 to the Common Fund in 2023. The sum meets the Diocesan Ministry costs for our Parish and contributes to other parishes in the Diocese. It is proposed to use £10,000 per year from the Investment Account to seed-fund a new full-time Associate Priest.

However, we need to increase our planned giving annually to meet the increasing Diocesan Ministry and Parish costs including our commitment to employ a full-time Associate Priest. We particularly need to take into account much higher than normal increases in energy costs.

Financial Statements

We prepared our Financial Statements in accordance with Church of England regulations and the Charities Act 2011 using the accrual method.

General Fund

Of the total income of £276,948 planned giving donations were £98,758, the majority of which were tax efficient and Gift-Aid Tax of £24,942 was reclaimed. The PCC expressed its gratitude for the regular generous giving of our members.

The remainder of General Fund income was received in open-plate collections, one-off donations, special appeals, parish events, investment dividends and the hire of Holy Trinity and St John’s church buildings.

General Fund unrestricted expenditure of £151,648 supported the Parish Mission which included paying £72,804 to the Diocesan Common Fund for Ministry. Expenditure included the PCC allocation of £10,000 to charitable giving, based on 10% of our estimated planned giving and a further £2,689 including gift aid tax, raised by special appeals, for several charities.

The Parish Administrator’s salary was reviewed and paid. The Directors of Music fees were reviewed and continued to be paid, based on the Royal School of Church Music’s guidance. Expenses were incurred by the Curatein-Charge, Associate Priest and pastoral workers. Trio Parish Magazine printing costs were £6,175 and advertising income was £4,785. Increases in advertising fees will enable printing costs to be largely recovered.

Holy Trinity and St. John’s Fabric Committees spent £8,180 on maintenance and repair of church buildings and grounds. General Fund expenditure also included £14,688 on other church running costs including insurance, upkeep of services, music, printing, stationery and licences and utilities. We bought new choir robes at St. John’s and the office costs were higher this year as we bought new computers and ancillary software and equipment. In addition, energy costs were £10,639 compared with £7,220 last year.

Church Halls Fund

Our two church halls received hire charges this year from regular and oneoff hirers totalling £27,762 The cost of maintenance and repair to both hall buildings to a high standard was £18,206 including insurance, energy, utilities, cleaning and grounds maintenance.

Parish Centre Fund

The Parish Centre received rent/license and service charges from the Croft Corner Forest Nursery and hire charges from regular and one-off hirers totalling £30,599. The cost of maintaining the building and grounds to a high standard including insurance, energy, utilities, cleaning, building repairs and improvements including £6,644 for new windows and grounds maintenance was £30,282.

Capital Expenditure

The cost of the works, fees and furniture for the improvements at St. John’s were paid amounting to £241,046. 2.5% of the building contract price is retained until 2023. £180,000 was transferred from the Investment Fund to

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help fund the costs of the work. We received £55,424 from the sale of redundant furniture, a very generous bequest from a former member of St. John’s congregation, gifts from church members and grants from Dore Village Society, The Benefact Trust and The Beatrice Laing Family Trust. £2,000 was received to support the provision of a new altar and chancel improvements at Holy Trinity.

Restricted Funds

We purchased new robes for the choir at St. John’s. The Iris Kippax Music Fund stands at £242 and £250 was released from the former Vicar’s Discretionary Fund for a replacement altar at Holy Trinity now held in the General Fund. The rent deposit of £3,026 for the Croft Corner Forest Nursery is held in the Church of England Investment Fund to maintain its value.

Designated Funds

The Investment Fund is designated to raise dividends towards the general parish ministry, seed-funding the appointment of an Associate Priest and future capital works.

Financial Balances

We ended the year with a balance of £483,647. Current account balances are £50,865 (including General Fund £24,953, Halls £13,538 and Parish Centre £12,374). Net creditors £4,809. £5,595 is held in the Church of England Deposit Fund and £430,985 is invested in the Church of England Investment Fund. £1,011 is deposited with the Sheffield Credit Union.

Risk Assessment

The assessed risks to the operation of the Parish Mission are mitigated as follows:

Reserves Policies

The PCC has a policy of maintaining unrestricted reserves equivalent to three months ‘at risk’ expenditure currently estimated at £33,250. The unrestricted reserves currently stand at £16,876. Adequate cash-flow and emergency expenditure can be met by releasing funds from the investments.

Signed:

Chair and Trustee: …………………………………………

Church Warden and Trustee………………………………

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Parochial Church Council of Abbeydale and Millhouses

Independent Examiner's Report to the Trustees of Parochial Church Council of Abbeydale and Millhouses

Year ended 31 December 2022

I report to the trustees on my examination of the financial statements of Parochial Church Council of Abbeydale and Millhouses ('the charity') for the year ended 31 December 2022.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity's financial statements 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 examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW) which is one of the listed bodies.

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

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

  2. the financial statements do not accord with those records; or

  3. the financial statements do 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.

Richard Murdoch BA(Hons) FCA Hebblethwaites Independent Examiner

2 Westbrook Court Sharrow Vale Road Sheffield S11 8YZ

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Parochial Church Council of Abbeydale and Millhouses

Statement of Financial Activities

Year ended 31 December 2022

2022 2021
Unrestricted Restricted
funds funds Total funds Total funds
Note £ £ £ £
Income
Donations and legacies 4 127,896 60,114 188,010 132,281
Charitable activities 5 74,778 – 74,778 54,050
Investment income 6 13,885 275 14,160 17,477
───────── ─────── ───────── ─────────
Total income 216,559 60,389 276,948 203,808
═════════ ═══════ ═════════ ═════════
Expenditure
Expenditure on raising funds:
Ministry expenses 7 (327,129) (61,041) (388,170) (154,847)
Expenditure on charitable activities 8,9 (57,063) – (57,063) (59,125)
───────── ──────── ───────── ─────────
Total expenditure (384,192) (61,041) (445,233) (213,972)
═════════ ════════ ═════════ ═════════
Net (losses)/gains on investments 10 (77,458) – (77,458) 86,162
───────── ──────── ───────── ─────────
Net (expenditure)/income and net
movement in funds (245,091) (652) (245,743) 75,998
═════════ ════════ ═════════ ═════════
Reconciliation of funds
Total funds brought forward 725,470 3,920 729,390 653,392
───────── ──────── ───────── ─────────
Total funds carried forward 480,379 3,268 483,647 729,390
═════════ ════════ ═════════ ═════════

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 14 to 22 form part of these financial statements.

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Parochial Church Council of Abbeydale and Millhouses

Statement of Financial Position

31 December 2022

2022 2021
Note £ £
Current assets
Debtors 14 1,549 –
Investments 15 437,591 695,049
Cash at bank and in hand 50,865 39,494
───────── ─────────
490,005 734,543
Creditors: amounts falling due within one year 16 6,358 5,153
───────── ─────────
Net current assets 483,647 729,390
───────── ─────────
Total assets less current liabilities 483,647 729,390
───────── ─────────
Net assets 483,647 729,390
═════════ ═════════
Funds of the charity
Restricted funds 17 3,268 3,920
Unrestricted funds 17 480,379 725,470
───────── ─────────
Total charity funds 483,647
═════════		 729,390
═════════

These financial statements were approved by the board of trustees and authorised for issue on ........................, and are signed on behalf of the board by:

Chair and Trustee

Church Warden and Trustee

The notes on pages 14 to 22 form part of these financial statements.

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Parochial Church Council of Abbeydale and Millhouses

Statement of Cash Flows

Year ended 31 December 2022

2022 2021
£ £
Cash flows from operating activities
Net (expenditure)/income (245,743) 75,998
Adjustments for:
Net losses/(gains) on investments 77,458 (86,162)
Other interest receivable and similar income (14,160) (17,477)
Accrued expenses 1,205 660
Changes in:
Prepayments and accrued income (1,549) –
──────── ────────
Cash generated from operations (182,789) (26,981)
Interest received 14,160 17,477
──────── ────────
Net cash used in operating activities (168,629) (9,504)
════════ ════════
Cash flows from investing activities
Transfer from investments 180,000 –
──────── ────────
Net cash from investing activities 180,000 –
════ ════
Net increase/(decrease) in cash and cash equivalents 11,371 (9,504)
Cash and cash equivalents at beginning of year 39,494 48,998
──────── ────────
Cash and cash equivalents at end of year 50,865 39,494
════════ ════════

The notes on pages 14 to 22 form part of these financial statements.

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Parochial Church Council of Abbeydale and Millhouses

Notes to the Financial Statements

Year ended 31 December 2022

1. General information

The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is The Vicarage, 80 Millhouses Lane, Sheffield, S7 2HB.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)), the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCs.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The trustees consider that the going concern basis is appropriate and there are no material uncertainties about the charity's ability to continue.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires the trustees to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. In the opinion of the trustees, there are no areas of judgement or key sources of estimation uncertainty that have a significant effect on the financial statements, other than the policies shown below.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

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Parochial Church Council of Abbeydale and Millhouses

Notes to the Financial Statements (continued)

Year ended 31 December 2022

3. Accounting policies (continued)

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Financial instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

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Parochial Church Council of Abbeydale and Millhouses

Notes to the Financial Statements (continued)

Year ended 31 December 2022

3. Accounting policies (continued)

Pension contributions

During the previous year Abbeydale and Millhouses PCC participated in the Pension Builder Scheme (PB 2014) section of Church Workers Pension Fund, administered by the Church of England Pensions Board, for lay staff. The pensions contributions were accounted for as a defined contribution scheme. The amount charged to the SoFA during this year was £Nil (2021: £1,068).

Tangible fixed assets

Consecrated and benefice property is excluded from the accounts by s.10(2)(a) of the Charities Act 2011.

4. Donations and legacies

Unrestricted Restricted Total Funds
Funds Funds 2022
£ £ £
Donations
Planned giving 98,758 – 98,758
Collections - ordinary 1,404 – 1,404
Collections - charity – 2,178 2,178
Gift Aid recoverable 24,431 511 24,942
Other donations and legacies
Other donations and income 578 – 578
Grants and donations receivable – 57,425 57,425
Church activities 2,725 – 2,725
───────── ─────── ─────────
127,896 60,114 188,010
═════════ ═══════ ═════════
Unrestricted Restricted Total Funds
Funds Funds 2021
£ £ £
Donations
Planned giving 95,997 – 95,997
Collections - ordinary 869 – 869
Collections - charity – 2,663 2,663
Gift Aid recoverable 23,372 – 23,372
Other donations and legacies
Other donations and income 4,756 – 4,756
Grants receivable – 3,647 3,647
Church activities 977 – 977
───────── ──────── ─────────
125,971 6,310 132,281
═════════ ════════ ═════════

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Parochial Church Council of Abbeydale and Millhouses

Notes to the Financial Statements (continued)

Year ended 31 December 2022

5. Charitable activities

Unrestricted Total Funds Unrestricted Total Funds
Funds 2022 Funds 2021
£ £ £ £
Parish ministry (including PCC fees) 8,536 8,536 7,535 7,535
Church hire income 3,096 3,096 929 929
Parish Centre - Lettings income 30,599 30,599 29,427 29,427
Church Halls - Lettings income 27,762 27,762 11,664 11,664
TRIO - Advertising revenue 4,785 4,785 4,495 4,495
──────── ──────── ──────── ────────
74,778 74,778 54,050 54,050
════════ ════════ ════════ ════════

6. Investment income

Unrestricted Restricted Total Funds
Funds Funds 2022
£ £ £
Interest receivable 37 – 37
Dividends on CBF investment Fund - income shares 13,848 275 14,123
──────── ──── ────────
13,885 275 14,160
════════ ════ ════════
Unrestricted Restricted Total Funds
Funds Funds 2021
£ £ £
Interest receivable 6 – 6
Dividends on CBF investment Fund - income shares 17,340 131 17,471
──────── ──── ────────
17,346 131 17,477
════════ ════ ════════

17

Parochial Church Council of Abbeydale and Millhouses

Notes to the Financial Statements (continued)

Year ended 31 December 2022

7. Ministry expenses

Unrestricted Restricted Total Funds
Funds Funds 2022
£ £ £
Parish office and secretarial expenses 8,580 – 8,580
Payments to Diocese Common Fund 72,804 – 72,804
Ministry expenses 4,834 – 4,834
Diocesan fees 1,778 – 1,778
Lighting and heating 10,639 – 10,639
Insurance 5,144 – 5,144
Repairs and maintenance 8,596 – 8,596
St John’s reordering 182,694 58,352 241,046
Music Directors, Organists and Music 11,780 – 11,780
Upkeep of Services 3,700 – 3,700
Donations to Charities 10,000 2,689 12,689
Other expenses 6,580 – 6,580
───────── ───────
─────────
327,129 61,041 388,170
═════════ ═══════
═════════
Unrestricted Restricted Total Funds
Funds Funds 2021
£ £ £
Parish office and secretarial expenses 8,550 – 8,550
Payments to Diocese Common Fund 72,804 – 72,804
Ministry expenses 6,993 – 6,993
Diocesan fees 3,339 – 3,339
Lighting and heating 7,220 – 7,220
Insurance 4,987 – 4,987
Repairs and maintenance 6,690 – 6,690
St John’s improvements 16,025 250 16,275
Music Directors, Organists and Music 8,760 – 8,760
Upkeep of Services 2,562 – 2,562
Donations to Charities 10,125 3,864 13,989
Other expenses 2,678 – 2,678
───────── ─────── ─────────
150,733 4,114 154,847
═════════ ═══════ ═════════

18

Parochial Church Council of Abbeydale and Millhouses

Notes to the Financial Statements (continued)

Year ended 31 December 2022

8. Expenditure on charitable activities by fund type

Unrestricted Restricted Total Funds
Funds Funds 2022
£ £ £
Parish Centre expenditure 30,282 – 30,282
Church Halls expenditure 18,206 – 18,206
TRIO expenses 6,175 – 6,175
Children and Youth Work – – –
Support costs 2,400 – 2,400
──────── ─────── ────────
57,063 – 57,063
════════ ═══════ ════════
Unrestricted Restricted Total Funds
Funds Funds 2021
£ £ £
Parish Centre expenditure 19,768 – 19,768
Church Halls expenditure 18,358 – 18,358
TRIO expenses 5,268 – 5,268
Children and Youth Work 6,711 6,740 13,451
Support costs 2,280 – 2,280
──────── ─────── ────────
52,385 6,740 59,125
════════ ═══════ ════════

9. Expenditure on charitable activities by activity type

Activities
undertaken Support Total funds Total fund
directly costs 2022 2021
£ £ £ £
Parish Centre expenditure 30,282 – 30,282 19,768
Church Halls expenditure 18,206 – 18,206 18,358
TRIO expenses 6,175 – 6,175 5,268
Children and Youth Work – – – 13,451
Governance costs – 2,400 2,400 2,280
──────── ─────── ──────── ────────
54,663 2,400 57,063 59,125
════════ ═══════ ════════ ════════

10. Net (losses)/gains on investments

Unrestricted Total Funds Unrestricted Total Funds
Funds 2022 Funds 2021
£ £ £ £
Gains/(losses) on revaluation of
investment assets (77,458)
(77,458)		 86,162 86,162
════════ ════════ ════════ ════════
11. Independent examination fees
2022 2021
£ £
Fees payable to the independent examiner for:
Independent examination of the financial statements 2,400 2,280
═══════ ═══════

19

Parochial Church Council of Abbeydale and Millhouses

Notes to the Financial Statements (continued)

Year ended 31 December 2022

12. Staff costs

The total staff costs and employee benefits for the reporting period are analysed as follows:

2022 2021
£ £
Wages and salaries 8,580 19,115
Pension contributions – 1,068
═══════ ═══════

The average head count of employees during the year was 1 (2021: 2).

No employee received employee benefits of more than £60,000 during the year (2021: Nil).

13. Trustee remuneration and expenses

No remuneration or other benefits from employment with the charity were received by the trustees. There were no related party transactions which require disclosure.

14. Debtors

Prepayments and accrued income

2022 2021
£ £
1,549
═══════		 –
═══════

15. Investments

2022 2021
£ £
The CBF Church of England Investment Fund - Income Shares 430,985 688,445
The CBF Church of England Deposit Fund 5,595 5,595
Sheffield Credit Union 1,011 1,009
───────── ─────────
437,591 695,049
═════════ ═════════

Movements during the year:

ments during the year:
2022
£
At 1 January 2022 695,049
Disposal and transfer (180,000)
Net (losses)/gains (77,458)
─────────
At 31 December 2022 437,591
═════════

20

Parochial Church Council of Abbeydale and Millhouses

Notes to the Financial Statements (continued)

Year ended 31 December 2022

16. Creditors: amounts falling due within one year

2022 2021
£ £
Accruals and deferred income 6,358 5,153
═══════ ═══════

17. Analysis of charitable funds

Unrestricted funds

Unrestricted funds
At Gains and At
1 Jan 2022 Income Expenditure losses 31 Dec 2022
£ £ £ £ £
General funds 8,308 160,216 (151,648) – 16,876
Designated funds 717,162 56,343 (232,544) (77,458)
463,503
───────── ───────── ───────── ──────── ─────────
725,470 216,559 (384,192) (77,458)
480,379
═════════ ═════════ ═════════ ════════ ═════════
At Gains and At
1 Jan 2021 Income Expenditure losses 31 Dec 2021
£ £ £ £ £
General funds 21,616 156,139 (169,447) – 8,308
Designated funds 623,443 41,228 (33,671) 86,162 717,162
───────── ───────── ───────── ──────── ─────────
645,059 197,367 (203,118) 86,162 725,470
═════════ ═════════ ═════════ ════════ ═════════
Designated funds comprise:
Net At 31 Dec
At 1 Jan 2022 Movement 2022
£ £ £
Church Halls 8,258 5,280 13,538
Parish Centre 13,855 (1,481)
12,374
Investments 695,049 (257,458)
437,591
───────── ────────── ─────────
717,162 (253,659)
463,503
═════════ ══════════ ═════════
Restricted funds
At Gains and At
1 Jan 2022 Income Expenditure losses 31 Dec 2022
£ £ £ £ £
Restricted funds 3,920 275 (927) – 3,268
═══════ ═══════ ════════ ════ ═══════
At Gains and At
1 Jan 2021 Income Expenditure losses 31 Dec 2021
£ £ £ £ £
Restricted funds 8,333 6,441 (10,854) – 3,920
═══════ ═══════ ════════ ════ ═══════
Restricted funds comprise:
Net At 31 Dec
At 1 Jan 2022 Movement 2022
£ £ £
Rent Deposit 2,751 275 3,026
Iris Kippax Fund 919 (677)
242
Vicar's Discretionary Fund 250 (250)
–
─────── ─────── ───────
3,920 (652)
3,268
═══════ ═══════ ═══════

21

Parochial Church Council of Abbeydale and Millhouses

Notes to the Financial Statements (continued)

Year ended 31 December 2022

18. Analysis of net assets between funds

Unrestricted Restricted Total Funds
Funds Funds 2022
£ £ £
Current assets 486,737 3,268 490,005
Creditors less than 1 year (6,358) – (6,358)
───────── ─────── ─────────
Net assets 480,379 3,268 483,647
═════════ ═══════ ═════════
Unrestricted Restricted Total Funds
Funds Funds 2021
£ £ £
Current assets 730,623 3,920 734,543
Creditors less than 1 year (5,153) – (5,153)
───────── ─────── ─────────
Net assets 725,470 3,920 729,390
═════════ ═══════ ═════════

19. Analysis of changes in net debt

At At
1 Jan 2022 Cash flows 31 Dec 2022
£ £ £
Cash at bank and in hand 39,494 11,371 50,865
Current asset investments 695,049 (257,458)
437,591
───────── ────────── ─────────
734,543 (246,087)
488,456
═════════ ══════════ ═════════

22