2022-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of Saint Matthew With Saint James The Great Bethnal Green

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

		Page
Index to the Financial Statements
Charity Information
Trustees' Report		4-6
Statement ofTrustees' Responsibilities
Independent Examiners	Report
Statement ofFinancial Activities
Statement ofFinancial Position		10
Statement ofCash Flows
Accounting Policies		12-12
Notes to the Accounts		13-19

for the ear ended	31D	ecember2022
									2022	2021
					unrestricted	Restricted	Endowment	Total Funds		Total Funds
				Notes
income and endowments		from:
Donations and legacies					8,615	78,033			86,648	38,812
Charitable activities					765	1,200			1,965	27,752
Other trading activities					11,486				11,486	10,260
investments					98,453				98,453	102,176
Endowment income							6,024		6,024	5,104
Total income					119,319	79,233	6,024	204,576		184,104
Expenditure on:
Raising funds				8	8,585				8,585	6,815
Charitable activities				9	124,563	108,833		233,396		162,700
Endowment expenditure				10			2,890		2,890	2,065
Total expenditure					133,148	108,833	2,890	244,871		171,580
Net gains/(losses) on investments				13			(22,669)		(22,669)	24,172
Net income/(expenditure) funds		and movement	in		(13,829)	(29,600)	(19,535)		(62,964)	36,696
Transfers between	funds			23	(29,051)	29,051
Reconciliation offunds:
Total funds brought	forward			17	2,041,334	22,019	378,111	2,441,464		2,404,768
Total funds carried	forward			17	1998454	21(470	358~576	2	378500	2)441)464

				Notes	2022		2021
							5
Cash flows from operating activities:
Net cash used in operating activities					(142,466		83,061)
Cash flows from investing activities:
Dividends, interest and rents from investments					98,453	102,176
Net cash provided by investing activities					45	1	,17
Change in cash and cash equivalents in the	reporting	period			(44,013)		19,115
Cash and cash equivalents at the beginning	ofthe reporting		period		189,797	170,682
Cash and cash equivalents at the end ofthe	reporting	period			148,784	188,787
Notes to Cash Flow Statement					2022		2021
					f.
1 Reconciliation ofnet income/(expenditure)	to net cash flow from
operating activities
Net income/(expenditure) for the reporting	period (as per the statement			offinancial
activities)					(62,964)		36,696
Adjustments for.
Depreciafion charges					198		435
(Gains)/losses on revaluation ofinvestments					22,669	(24,172)
Dividends, interest and rents from investments					(98,453)	(102,176)
(Increase)/decrease in debtors					(310)		3,643
Increase/(decrease) in creditors					(3,606)		2,510
Net cash provided by (used in) operating	activities				142,466		83,061
					2022		2021
					5		6
2 Analysis ofcash and cash equivalents
Cash in hand					145,784	189,797
Total cash and cash equivalents					145,784	189,797

Net outgoing	resources			2022	2021
Nel oulgolng	resources are slated aller charging:			E	E
Independent	Examiners fees - Independent	Examination	services	1,200	1,200
Depreciation	- owned assets			198	435

							2022	2021
3	Donations and legacies				Unrestricted	Restricted	Total	Total
						E	E	E
	Personal donations				2,370		2,370	4,345
	Reclaimed gift	aid			428		428	496
	Planned giving				1,712		1,712	2,235
	Grants &reimbursements				2,991	78,033	81,024	30,623
	Collections				1,114		1,114	1,113
					8,615	78,033	86,648	38,812
							2022	2021
4	Charttable activities				Unrestricted	Restricted	Total	Total
					E	E	E	E
	Fees for occasional services				765		765	1,267
	Church events					1,200	1,200	26,485
					765	1,200	1,965	27,752
							2022	2021
5	Other trading	activities			Unrestricted	Restricted	Total	Total
					E		E	E
	Parish fundraising							795
	Hall hire				11,486		11,486	9,465
					11,486		11,486	10,260
							2022	2021
s	Investments				Unrestricted	Restricted	Total	Total
					E	E	E	E
	Rental income				97,733		97,733	102,150
	Bank interest	received			720		720	26
					98,453		98,453	102,176
							2022	2021
7	Endowment	income					Total	Total
							E	E
	StPhilip's Hall: interest received						3,110	9
	National Schooltu interest		received				131	19
	Institute: interest received						761	113
	StJames Church Expenses: dividends			received			1,998	1,933
	StPhilip's Hall: dividends		received				24	3,030
							6,024	5,104

								2022	2021
s	Raising funds					Unrestricted	Restricted	Total	Total
						8	E	E	E
	Watch House costs					8,585		8,585	6,815 '
						8,585		8,585	I!.
								2022	2021
9	Charitable activities					Unrestrictedf	Restricted E	Total E	Total E
	Common fund					49,948		49,948	44,061
	Salary/honorarium					3,773		3,773
	Home mission					2,562	1,722	4,284	41,455
	Clergy expenses					320		320	151
	Rectory costs					1,689		1,689	918
	Church requisites					3,644		3,644	1,120
	Equipment costs								17,677
	Children &Youth						956	956	885
	Insurance					4,966		4,966	5,317
	Printing, postage	&stationery				2,619		2,619	2,913
	Telephone costs					632		632	654
	PR 8 marketing					2,395		2,395	567
	Heat, light 8 water					6,723		6,723	3,065
	Church running costs					2,918		2,918	1,488
	Cleaning exps					1,381		1,381	3,122
	Architect/Surveyor	fees					4,148	4,148	660
	Church repairs &	maintenance				6,623	102,007	108,630	4,181
	Parish hall costs					9,934		9,934	5,668
	Education &training					500		500	6,069
	Events &outings					3,128		3,128	1,932
	Sundry expenses					100		100	1,000
	Legal 8 professional		fees			7,226		7,226	6,176
	Depreciation					198		198	435
	Independent examination			fees		1,200		1,200	1,200
	Administration fees					12,084		12,084	11,986
						124,563	108,833	233,396	162,700
								2022	2021
1O	Endowment expenditure							Total	Total
								E	E
	National Schools: Church requisites Institute: Church maintenance							131 761	19 113
	StJames Church	Expenses: Church			running costs			1,998	1,933
								2,890	2,065
11	Staffcosts							2022f	2021 E
	Staff salaries							3,773	Nil
								3,773

		Computer	Lend &
12	Tangible fixed assets	equipment	buildings	Total
		E	8	E
	Cost
	As at 1 January 2022	1,304	1,940,000	1,941,304
	As at 31 December 2022	1,304	1,940,000	1,941,304
	Depreciation
	As at 1 January 2022	1,106		1,106
	Charge for the year	198		198
	As at 31 December 2022	1,304		1,304
	Net book value
	As at 31 December 2022		1,940,000	1,940,000
	As at 31 December 2021	198	1,940,000	1,940,198

					Permanent	Expendable
13	Investments				Endowments	Endowments		Total
					E	E		E
	Market value
	As at 1 January 2022 Revaluations				215,567 ~22.669	114,172	329,739 ~22 669
	As at 31 December 2022				192,898	114,172		307,070
	Historical value at at 31December			2022	94,462	114,172		208,634
	Expendable	Endowments	-St	8114,172cash held in	a CBFDeposit Fund, the income ofwhich	is restricted	to
	James Institute			ecclesiastical purposes which have the approval ofthe incumbent.
	Permanent	Endowments-		3,252 CBFinvestment	Fund Shares valued at 867,191at the year-end, the income			ofwhich
	Church Expenses Fund			is restricted to church	expenses.
	Permanent	Endowments	-St	5,730.19COIF Income Units valued at6104,146at the year-end.		The fund is restricted to
	Phgip's Hall			the improvement ofthe premises. Interest on this account is currengy accumulated				in the St
				Philip's Hall restricted	fund which is represented by a COLA CBF	Deposit Fund. This
				account is to recoup capital spent on a central heating system in		1977.
	Permanent	Endowments	-St	61,844 cash held in a	CBFDeposit Fund. The fund is restricted to the improvement			ofthe
	Phlgp's Hall			premises. Interest on this account is currently accumulated in the		St Philip's	Hall restricted
				fund which is represented by a COLA CBFDeposit Fund. This account is to			recoup	capital
				ntonacentralheatin	s stemin1977.
	Permanent	Endowments-		819,717cash held in a CBFDeposit Fund, the income ofwhich is restricted			to religious and
	National Schools			charitable work in the	parish.

1S	Bank and cash in hand	Bank and cash in hand							2022	2021
									E	E
	Bank current account								5,197	3,138
	Bank depositaccount								72,255	122,334
	CCLA depositaccount								27,083	26,731
	CCLA rent deposit account								19,125	18,876
	CCLA deposit account - st Phillip's			Hall					22,124	18,718
								145,784		189,797
16	Creditors: amounts	falling	due within one year						2022	2021
									E
	Rent deposit held								20,375	20,126
	Accruals								1,196	1,201
	Deferred income								1,250	5,100
									22,821	26,427
17	The funds ofthe charity: current			year	Opening balance	Resources erisino	Resources utgised	Other movements		Closing balance
					E	E	E		E	E
	Restricted funds
	Endowmentfunds Restricted income funds Total raslricled ~dt ' t 0		funds		378,111 22,019 40D,130	6,024 79,233 85257	(2,890) ~708,833 ~, 111723,		(22,669) 29,051 6,382	358,576 21,470 380,046
	Designated funds General funds Total unrestricted		funds		1,970,000 71,334 2,D41.334	5,000 114.319 119.319	~733.448 ~733.448	~29.087 ~29.083		1,975,000 23,454 1.998,454
					2441,464	2D4576	~t244877	~22559		2378,5DD
					Opening	Resources	Resources		Other	Closing
18	The funds ofthe charity: prior year				balance	arising	utgised	movements		balance
					E	E	E		E	E
	~R~tri t ~fn 6
	Endowment funds Restricted income funds Total restricted		funds		350,900 32,343 383,243	5,104 51,233 56,337	(2,065) ~57557, ~53,522		24,172 24,172	378,111 22,019 4D0,130
	Unrestricted funds
	Designated funds Generalfunds Total unrestricted		funds		1,965,000 56.525 2.D21.525	5,000 122.767 127767	~407.958 ~1DT.958.			1,970,000 71,334 2,041,334
					2,404,768	184,104	(171,580)		24,172	2,441,464
					Opening	Resources	Resources	Transfers &		Closing
19	Designated funds: current		year		balance	arising	utilised	ad]ustments		balance
					E	E	E		E	E
	Fixed asset funds				1,940,000					1,940,000
	Major works sinking	fund			30,000	5,000				35,000
					1,970,000	5,000				1,975,000

			General	Designated	Restricted	Endowment
24	Transfers between funds: prior year General to designated		funds ~5000	funds 5,000	funds	funds	Total
			(5,000)	5,000
			General	Designated	Restricted	Endowment
25	Net assets attributable	to funds: current year	funds	funds f	funds f	funds E	Total f
	Tangible fixed assets Current assets Current liabilities		45,025 ~25313	1,940,000 35,000	22,720 ~4.200	307,070 51,506	2,247,070 154,251 ~22.024
	Net assets represented	by funds	23,454	1,975,000	21,470	358,576	2,378,500
			General	Designated	Restricted	Endowment
25	Net assets attributable	to funds: prior year	funds	funds f	funds E	funds f	Total E
	Tangible fixed assets Current assets Current liabilities Net assets represented	by funds	198 92,459 ~23,323 71,334	1,940,000 30,000 1,970,000	27,119 ~5.100 22,019	329,739 48,372 378,111	2,269,937 197,950 ~26.423 2,441,464