2022-12-31-accounts

The Parochial Church Council of the Ecclesiastical Parish of Tisbury

End of Year Financial Statements

Year ending 31 December 2022

Contents	Page
PCC Members’ and Trustees’ Report	2
Independent Examiner’s Report	3
Statement of Receipts and Payments	4
Statement of Assets and Liabilities	5
Notes to the Financial Statements	6

Registered Charity No 1142581

PCC MEMBERS'ANDTRUSTEES. REPORT The PCC memben and trustees preseni their report and the financial statements for the year ended 31 December 2022 which were approved at a meeting on 19 April 2023. Activities The sole activity of rhe chariry during the year was conduciing the affairs and managing the assets of the Ecclesiastical Parish of Tisbury in the Church of England diocese of Salisbury. Financial statement highlights The PCC'S acts'vities were getung back ro nomal by the end of the year following previous disruption from the Coronavirus pandemic. Operaong costs We￿ increased somewhat due io increased energy prices arKI inflation. The PCC reporE5 an increase in the gener21 fund for the year of £1.595. The PCC paid £30.000 of the £63.318 diocesan sharE amount requested by the diocese in 2022. Had it paid the full amount it would have been in contravention of its reserves policy. against the Charity Commission 5 guidelines. At the end of 2022 the accumulaied unpaid diocesan share amount is £157.137. The PCC has substantial assets under its control, bui these are mosdy designated or restricted funds earmarked for specific projects and activities ￿flec(1ng the basis on which the fund5 were raised or donated and on ￿locationS agreed by the PCC. During the year, the PCC ￿lOcated legacies and donations recetved in 2021. to￿ling £45.000, to be spent on specrfic tangible ￿emS which would enhance the life of the churth in memory of the donots, including the hand- rail to the north door. rep&rs to the Hyde brass and North Aisle wall brasses. ￿red0S cleaning and conservation, and a new altar frontal and vestmenTS. I I 0.000 was allocated 10 the East Window fund and {5.(￿ to the Faixic fuThJ. with a £6,C￿￿ conungery w cover than anticipated costs for any of the above. In Augusc 2022 the PCC, assisted by the East Window projett management committee. embarked on major fundraising campaign in respect of the East Window s replacement. The current estimated cost of the project is £228,(X￿, with 178.000 being prowded by the Church Commissioners. At 31 December the £140.000 total of donaDons received and pledged exceeded the agreed 80 per cent threshold whith triggered work on the project to commence in eamesL with a target completion date of October 2024. The financial health of the PCC remains dependent on the goodwll of the many volunteers who support the PCC 5 activitie5 and on the parishioner5 and others in the community who provide financial and other svpport. Basis of preparation These accoun￿ have been prepared in accordance with the Church Accounting Regulations 2006 following the ￿CeIptS and payments basis of accounting. The PCC considers that an audit is not ￿quired for this year under section IH(2) of the Charities Act 2011 (the 201 l Act) and that an independent examination is needed. rofthePCC G P Sorensen. Treasurer 19 April 2013

Independent Examinerfs Report I report on the financial statements of the Pan)chial Church Council of the Ecdesiastical Parish of fisbury for the year ended 31° December 2022 whith are set out on the following pages. Respe¢Uve re5ponslbllltles of the PCC (Trustees) and Indepenkn Examlner The PCC Icharitls trustees) is responsible for the preparation of these financial Statements in accordance with the Church Accounting Reguktions 2(1￿. It considers that an audtt is not required for this year under section 144121 of the Charities Act 2011 (t￿ 2011 aTrJ that an Independent examination is needed. It ts my responsibilty to: examine the accounts under section 145 of the 2011 Act follow the pn)cedures laid down In the General Directions given by the Charty CommissNJners under sertion 14515llbl of the 2011 Act- and state whether particular matters have come to my attention. Basls of Independent Examinerfs Statement My examination was carried out in accordance wlth the General DirectK>ns given by the Charty Commisslon. An examination indudes a review of the accounting records kept by the charity and a comparison of the financial ststements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from the PCC concerning any such matters. The procedures undertaken do not provide all the eviden￿ that would be required in an audtt and consequentty no opinion is given as to wW*r the financial statements present a 'true and fair vieW and the report is limited to those matters set in the statement below. Independent Examlnerf$ Stateme In connection with my examination, no matter5 have come to my attention. {11 vthich give me reasonable cause to believe that in any material respect the requ1￿Ments al to keep accounting records in accordance with sectw)n 130 of the 2011 Act; and b) to prepare financial statements which accord with these accounting records and comply with the accounting reqU1￿ments of the 2011 CharIt￿5 Act have not been met: or {21 to which. in my opin￿n. attention shouFd be drawn in order to enable a proper understandin8 of the financial statements to be reached. ..19 Febnory 2023 Ellzabeth Brown l Ridgewav, Chilmark. Wittshire SP3 58X 07745 781503

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF TISBURY STATEMENT OF RECEIPTS AND PAYMENTS

01 January 2022 to 31 December 2022

Note Incoming resources Collections and donations 2 Income from events, net 3 Income from Hinton Hall, net 4 Income from Focus Magazine, net 5 Income from investments Income from other activities 6 Total income Resources used Operating costs 7 Net increase in resources Transfers between funds – in Transfers between funds – out Revaluation of investments Net movement in funds Funds available at 01 January Funds available at 31 December 8	General funds £53,079 1,333 0 0 1,411 2,898 58,721 56,710 2,011 1,034 -1,450 0 1,595 32,169 £33,764	Designated funds £9,357 0 -10,861 1,236 151 0 -117 11,242 -11,359 25,480 -26,012 -1,474 -13,365 122,803 £109,438	Restricted funds £66,769 0 0 0 248 0 67,017 7,613 59,404 9,605 -8,656 0 60,353 56,340 £116,693	2022 £129,205 1,333 -10,861 1,236 1,810 2,898 125,621 75,565 50,056 36,119 -36,118 -1,474 48,583 211,312 £259,895	2021 £97,169 2,122 5,675 1,242 1,309 1,971
					109,488 65,669
					43,819 16,439 -16,436 3,123
					46,945 164,367
					£211,312

Further details of the receipts and payments are set out on pages 6 to 8. General, designated and restricted funds are explained in Note 1 on page 6.

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PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF TISBURY STATEMENT OF ASSETS AND LIABILITIES

31 December 2022

Note Cash at bank Current account Savings account East Window account Gift Aid account Development account Focus current account Focus deposit account Hinton Hall current account Hinton Hall deposit account Investments M&G Charifund Fixed assets 9 Total assets Liabilities – agency accounts 10,11 Net assets at 31 December 8,12	General funds £30,734 0 0 3,030 0 0 0 0 0 32,169 0 0 33,764 0 £33,764	Designated funds £5,280 36,462 0 0 0 5,176 10,697 9.809 17,017 84,441 24,997 0 109,438 0 £109,438	Restricted funds £12,489 48,538 56,731 4,125 100 0 0 0 0 121,983 0 0 121,983 5,290 £116,693	2022 £48,503 85,000 56,731 7,155 100 5,176 10,697 9,809 17,017 240,188 24,997 0 265,185 5,290 £259,895	2021 £52,740 85,000 0 3,770 100 4,644 10,693 8,207 23,008
					188,162 26,471 0
					214,633 3,321
					£211,312

Approved by the PCC at a meeting held on 19 April 2023 and signed on its behalf by Revd Juliette Hulme (chairperson presiding at the meeting) and Anthony Lovell-Wood (PCC member).

Juliette Hulme Team Vicar

Anthony Lovell-Wood PCC member

The notes on pages 6 to 8 form part of these financial statements.

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PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF TISBURY NOTES TO THE FINANCIAL STATEMENTS

Year Ending 31 December 2022

Note 1. Accounting policies

The financial statements of the PCC have been prepared in accordance with the Church Accounting Regulations 2006 using the receipts and payments basis of accounting.

In these financial statements:

Unrestricted funds are funds which can be used in accordance with the PCC’s charitable objects at its discretion.

General funds consist of unrestricted fund money that has not been set aside for any specific project. The day to day running costs of the PCC are normally paid out of general funds.

Designated funds are set aside by the PCC out of general funds for specific projects. Designated funds are still unrestricted and can be moved to other unrestricted funds or re-designated if the PCC so decides.

Restricted funds can only be used for particular restricted purposes within the objects of the PCC. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Note 2. Collections and donations

Standing orders and envelopes Legacies CAF cheques Give.Net Parish Giving Scheme GoodBox and wall safe Cash collections Special appeals Gift Aid tax refunds Grants General donations	General £23,386 0 1,875 0 13,566 1,755 3,915 90 7,328 50 1,114 £53,079	Designated £0 4,357 0 0 0 0 0 0 1,000 0 4,000 £9,357	Restricted £1,518 0 660 0 0 29 1,704 53,408 8,400 300 750 £66,769	2022 £24,904 4,357 2,535 0 13,566 1,784 5,619 53,498 16,728 350 5,864 £129,205	2021 £30,991 40,000 2,410 385 4,876 804 2,697 0 9,185 3,736 2,085 £97,169

Note 3. Income from events

During the year £1,333 was received from the Christmas Fair.

Note 4. Hinton Hall

Receipts Payments Net Income	2022 £5,484 16,345 £-10,861	2021 £12,622 6,947
		£5,675

During the year, the Hinton Hall car park was resurfaced at a cost of £10,644. This was financed by £4,822 from Hinton Hall funds, a donation of £1,000 and £4,822 from church funds. In 2021 Covid-19 Small Business Grants totalling £10,365 were received.

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Note 5. Focus Magazine

Note 5. Focus Magazine
Receipts Payments Net Income	2022 £10,667 9,431 £1,236	2021 £10,240 8,998
		£1,242

Note 6. Income from other activities

During the year the PCC received £2,898 (2021: £1,971) for weddings and funerals.

Note 7. Parish operating costs

Diocesan quota Nadder Valley Team share Organist Altar Heating oil Water Electricity Insurance Churchyard maintenance Organ Insurance excess re food damage Quinquennial inspection work General maintenance Other repairs Development expenses Ofce expenses Printing, stationery, books Choir Mission giving	General £30,000 3,700 4,500 527 3,882 84 1,274 3,857 3,704 1,044 0 0 1,043 535 0 2,208 81 271 0 £56,710	Designated £0 0 0 0 0 0 0 0 0 0 0 0 0 11,242 0 0 0 0 0 £11,242	Restricted £0 0 0 0 0 0 0 0 0 0 0 1,248 260 4,112 1,993 0 0 0 0 £7,613	2022 £30,000 3,700 4,500 527 3,882 84 1,274 3,857 3,704 1,044 0 1,248 1,303 15,889 1,993 2,208 81 271 0 £75,565	2021 £30,000 1,468 4,500 440 2,050 82 751 3,815 1,594 798 500 0 2,552 12,211 0 2,341 1,485 1,022 60
					£65,669

During the year £3,464 was spent on churchyard tree maintenance including £350 on a condition report of the historic yew tree. Further expenditure is anticipated in 2023 to brace up the yew tree.

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Note 8. General, designated and restricted funds

Unrestricted General Designated Hinton Hall Focus Magazine Gifts and Memorials East Window Restricted East Window Clock Lee Abbey Fabric Friends and Memorials Flowers Development Christmas	General £33,764 0 0 0 0 0 0 0 0 0 0 0 0 £33,764	Designated £0 26,826 15,872 56,091 10,647 0 0 0 0 0 0 0 0 £122,801	Restricted £0 0 0 0 0 70,058 152 100 7,861 13,042 145 24,703 634 £116,695	2022 £33,764 26,826 15,872 56,091 10,647 70,058 152 100 7,861 13,042 145 24,703 634 £259,895	2021 £32,171 31,215 15,337 68,187 8,062 12,435 302 100 5,904 12,989 145 23,831 634
					£211,312

Note 9. Fixed assets

Consecrated and benefice property is not included in the accounts in accordance with section 10(2)(a) of the Charities Act 2011. Movable church furnishings held by the churchwardens on special trust for the PCC and which require a faculty for disposal, as well as other fixtures, fittings and equipment where the PCC is free to dispose of such assets without faculty and where the original cost was £1,000 or more are recognised but not assigned any value in the Statement of Assets and Liabilities.

Note 10. Agency accounts

St John’s choir St John’s bell ringers Children’s Society Tisbury Christian Council	2022 £3,256 1,278 245 511 £5,290	2021 £3,321 0 0 0
		£3,321

Note 11. Diocesan share

Diocesan share is the amount requested annually by the Diocese of Salisbury to fund the stipends and housing for clergy plus other diocesan operating costs. The 2022 diocese share request was for £63,318 (2021: £60,303) and the PCC was able to pay £30,000 (2021: £30,000) towards that request. The accumulated unpaid balance of £157,137 is not shown on the Statement of Assets and Liabilities as a liability since it is not a legal obligation and the likelihood of it being paid in future is uncertain.

Note 12. General fund reserve policy

It has been PCC policy to maintain a balance in the general fund to cover emergency situations or a sustained reduction of income or increase in expenses. The PCC has agreed that the minimum level of reserves in the general fund should be £25,000, to be reviewed annually. The general fund balance on 31 December 2022 was £33,764 which complies with the minimum reserves balance policy.

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