## **Trustees’ Annual Report and** 

## **Financial Statements** 

# **of the Parochial Church Council for the year ending 31 December 2022** 

- 1 - 



|**Contents**|**Page**|
|---|---|
|Legal and administrative information|3|
|Council Membership|4|
|Trustees’ Annual Report|5|
|Aims and Purposes|5|
|Objectives and Activities|5|
|Achievements and Performance|5|
|Review of Financial Activities and Affairs|5|
|Structure, Governance and Management|6|
|Statement of Responsibilities of Members of the PCC|7|
|Independent Examiner’s report|8|
|Statement of Financial Activities|9|
|Balance Sheet|10|
|Notes to the Accounts|11|



- 2 - 



## **Legal and Administrative Information** 

**Registered Charity number** 

1149564 

## **Registered name** 

The Parochial Church Council of the Ecclesiastical Parish of All Saints’, Ascot Heath 

**Principal address** 

London Road Ascot Berkshire SL5 8DQ 

**Independent Examiner** 

Kim Swain MA (Oxon) FCA Radford & Sergeant Limited Building 3, Watchmoor Park Camberley Surrey GU15 3YL 

**Bankers** 

TSB Bank plc 160 High St Slough SL1 1JP 

- 3 - 



## **Council Membership** 

Members of the PCC (Trustees) are either ex-officio, elected by the Annual Parochial Church Meeting or co-opted by the PCC in accordance with the Church Representation Rules. The following served as members of the PCC during 2022: 

Rector: The Reverend Dr Darrell D Hannah (Chairman) 

Curate: Rev David Saunders 

Churchwarden: Brian Bence 

Elected members: 

Sheila Sparks – Secretary Graeme Carter (to July 22) Richard Hyslop (ex-officio, elected Diocesan Synod Representative) Simon Lagden Duncan Jones Nick Rowsell Caroline Kallipetis (ex-officio, Deanery Synod Representative) Jayne Strand (ex-officio, Deanery Synod Representative) 

Co-opted Members; 

Alison Wilkins - Treasurer (July 22 to December 2022) Lynn Jenkins – Adviser to Finance Committee (from November 2022) 

Electoral Roll Officer – Cathy Christie 

- 4 - 



## **Trustees Annual Report for the year 2022** 

## **Aims and Purposes** 

All Saints’ Ascot Heath PCC has the responsibility of co-operating with the incumbent, Fr Darrell, in promoting in the parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. 

The PCC is also specifically responsible for the maintenance of All Saints’ Church, All Saints’ Hall, the Chapel of SS Mary and John, King Edward’s Hall and the clergy accommodation at The Parsonage in King Edward’s Road. 

The PCC is required by law to produce an annual report of its activities together with a financial statement identifying how the activities of the parish have been funded. 

## **Objectives and Activities** 

The PCC is committed to enabling as many people as possible to worship at our church and chapel and to become part of our parish community at All Saints’.  The PCC maintains an overview of worship throughout the parish and, in particular, with the Ministry Team we try to enable the congregation to live out their faith as part of our parish community through: 

- Worship and prayer, learning about the gospel and developing their knowledge and trust in Jesus. 

- Provision of pastoral care for people living in the parish. 

- Missionary and outreach work 

## **Achievements and Performance** 

## **Average Sunday Attendance and Electoral Roll** 

|**Attendance Statistics:**|**2022**|**2021**|**2020**|
|---|---|---|---|
|Average Sunday attendance:||||
|Adults|90*|91*|**|
|Under 16|8*|11*|**|
|(*includes an estimate of the Zoom figures)||||
|(** no figures available for 2020 owing to the|pandemic)|||



**Electoral Roll –** 190. April 2022 6 were removed and none were added from the previous roll. 

## **Risk Management** 

The PCC regularly reviews any major risks encountered by the church and takes appropriate action to manage and minimise those risks in accordance with best practice. 

## **Review of Financial Activities and Affairs 2022** 

In 2022, All Saints’ Ascot income and expenditure both fell compared with 2021. There was a net operating loss of £2,586 but, when adjusted for the loss on our investments, there was a total deficit of £9,227. 

- 5 - 



## **Income** 

In 2022, total income was £170,242, compared with £178,681 in 2021. The principal reason for the decrease was the reduction in regular donations as some significant contributors have moved away from the parish. However, there was a generous response to the Rector’s appeal for additional funds for the Discretionary Fund. 

## **Expenditure** 

Total expenditure in 2022 was £172,828 compared to £186,519 in 2021. Capital expenditure in 2021 included significant investments in the camera system and solar panels which are reflected in the increased tangible assets of the church. 

The invasion of Ukraine resulted in a substantial rise in energy prices which increased our costs when the new gas and electric contracts started in October 2022.  The full impact on our finances will not be felt until 2023. 

## **Reserves** 

Net reserves amount to £818,086 and is analysed across funds in Note 13 to the accounts.  Of these reserves, £26,541 was held in the TSB Bank current account and £114,018 in the CCLA deposit account. 

## **Reserves Policy** 

In 2022 the PCC agreed to maintain at least six months’ average expenditure in unrestricted reserves. This currently amounts to around £92,000 based on the budgeted running costs for 2023 so the reserves are just below the target. 

## **Rector’s Discretionary Fund** 

The Rector holds unrestricted funds identified to be used at his discretion to help people in need of support. At the end of 2022, the allocated fund was £9,598. As a result of the rapid rise in the cost of living during 2022, an appeal was made for additional funds to increase the total available for people in need. During 2022, 20 grants were made totalling £3,400. 

## **Other creditors** 

The PCC holds money in its main account for The Friends of All Saints (£2,643 at 31 December 2022). This is recorded on the balance sheet within Creditors. The Friends exists to allow former members of All Saints and others to keep in touch and continue to support the aims and mission of the church. 

## **Structure, Governance and Management** 

The PCC is a corporate body established by the Church of England.  The PCC operates under the Parochial Church Council Powers Measure.  The PCC is a Registered Charity. 

The method of appointment of PCC members is set out in the Church Representation Rules.  At All Saints’ Ascot Heath the membership of the PCC consists of the Rector, the Curate, Churchwarden(s) and members elected by those members of the congregation who are on the Electoral Roll of the church.  All those who attend our services/members of the congregation are encouraged to register on the Electoral Roll and stand for election to the PCC. 

The PCC members are responsible for making decisions on all matters of general concern and importance to the parish including deciding on how the funds of the PCC are to be spent. 

The full PCC met six times during the year via Zoom. 

- 6 - 



Ststsment of Re8pon8lbSllt5e8 of Mombern of the PCC
The Injslees Imembers of the PCCI are responsible for preparing the PCC'S Annual Report and the
financial ststements in accordance with applicable law and United Kingdom Accounting Standards
{United Kingdom Generally Accepted kcounting Pracbcel.
The law ap￿1¢able to charities in England & Wale$ requires th8 tDJStees lo prepare financtal statements
for ea¢h financial year which give a true and fair view of the stale of affairs of the charity and of the
incoming ￿SourceS and application of resources of the charity for that penod. In p￿Paring these
financial statements, the tnbStee$ are required to..
sele¢t Sultable accounting polkles and then apply Ihem o)nsl5ten￿y'.
observe the methods and principles in the Charitie8 SORP.,
make judgements and eslimales that are reasonable and prudent..
st8to whether applicable accounting stsndards have boen foll¢)wed, subject to any materigl
departures disclosed and explained in the financial $tstements,'
Prepa￿ the financial Statements on the going concern basis unfess it is inappropriat8 to
presume that the charity will contsnue in operation.
The trustees are responsible for keeping proper accounttng retsjrds that disclose wth reasonable
accuracy at any lime the financial positson of the charity and enable them to ensLtre that the financial
$tatem8nts comply wtth the Charitie5 Act 2011, the Charity IAc£ounts and Réports) Regulations 2008
and the provisions of Church Accounting Regulations 2006. They are also responsible for
safeguarding the assets of the charity and hen¢e for taking reasonable steps for the prevention and
detection of fraud and other irregularities.
On behalf of Members of the PCC..
Revd Dr Darrell D Hannah
Date: 24 May 2023

ALL SAINTS. ASCOT HEATH PAROCHIAL CHURCH COUNCIL
Independent Examln•rf• Report lo the Tru$toes of All Salnts, Church, Ascol Heath
report on the &counts of the Chu￿ for Ihe year ended 31 December 2021 which are set OLrt on pages 9 to 19.
Ro6poCtfve Re8pon8lbllttle8 of Tn￿1•8* and Ex•mlner
The church's trustees are responsible for the preparatson of the ￿Uftts. The church's trustee$ ¢onsider that an
audit is not required for this year under sectKJn 144121 of the Charities Ad 2011 (the Chariliey Act) and that an
independent examination is needed.
It is my r8spon&bilty to=
Examine the a¢￿Unts (under ￿tIOn 145 of the Charities Act).,
To follow the procedures laid down in the General Directions gNen by the Charity Commissioners
(under section 14515llbl of the Charities Act),. and
To state whether part￿Ular matters have (x￿e to my attentKJn.
Ba818 of Independent Examlngrfs r•port
My examination was carried out in accordance Y￿th the geriefal Diwtions given by the Chanty Commission. An
examination includes a review of the accounting record$ kept by the chanty and a ¢omparison of the accounts
presented with those records. It also includes eonsideratson of any unusual items or disclosures in the accounts
and seeking explanations from you 88 tru8lees concerning any such matters. The procedures undertaken do not
proV￿e all the evidence that would required in an audit and consequently no opinion is given as to whether the
accounts present a'true and fair vithrf and the report is limsted to those matters set out in the statement below.
Ind•p•ndont ox•mlnerfs 8tsI•m￿t
Since the gross income for the year exceeds the amount provided in section 14513} of the Charities Act. I confim
that l am qualified to act as Independent Examiner under the provisions of that section of the Charitse$ Act and
that my qualification is as shown below.
In connection with my examinalion, no matter has come to my attention..
which gives me reasonable cause to believe that in any material ￿SpeCt the requirements
to keep accounting records in accordance with section 130 of the Charities Act,. and
to p￿pare aceounts whi¢h accord wth the a￿ounting records and compty wrth the accounting
requirements of the Act have not been mel,. or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts
to be reached.
IQM Swain MA (Oxonl FCA
Radford & Sergeant Limrted
Building 3
Walchmoor Park
Camberfey
Surrey
GU15 3YL
24 May 2023

ALL SAINTS, ASCOT HEATH PAROCHIAL CHURCH COUNCIL
STATEMETrif OF FINANCIAL ACTNITIES
For the year ending 31 Decembef 2021
Unrestncted Restrcted Endowment
TOTAL TOTAL
funds
nds
funds
2021
2020
Note
INCOME
Voluntary income
Income from investments
Church actNittes
21al
2{bl
21c}
1C6,874
13,180
20,536
127,410 128,512
14.244
17,633
37
TOTAL INCOME
EXPENDITURE
Cost of generating funds
Church activtties
28
28
17
3 11804
TOTAL EXPENDITURE
NEf {LOSSIISURPLUS BEFORE
INVESTMENT GAINS
(16,5701
8,732
17,8381 13.034
TRANSFER BEfwEEN FUNDS
10,430
110,430}
NEf (LOSSIIGAINS ON INVESTMENTS
NET ILOSSYSURPLUS AND
MOVEMENT IN FUNDS
17,0211
11,698)
5.246
{3,4731 16,250
TOTAL FUNDS BROUGHT FORWARD
747
36672 814536
TOTAL FUNDS CARRIED FORWARD
TOTAL FUNDS CARRIED FORWARD

ALL SAINTS, ASCOT HEATH PAROCHIAL CHURCH COUNCIL
BALANCE SHEET AT 31 DECEMBER 2021
2021
2020
Notes
FIXED ASSETS
Tangible
Investments
639.207
612,769
893,741
662.593
CURRENT ASSETS
Oeblors and prepayments
Cash at bank and in hand
17,017
12,183
170 507
1 $4,812
182.690
LIABILITIES
Creditors- amounts falling due
within one year
10
21
NET CURRENT ASSErs
TOTAL NET ASSETS
PARISH FUNDS
Unrestricted
740,371
45,024
747,632
46.482
Restricted
11
Endowment
Approved by the PCC on 24 May 2023 and signed on its behalf by..
Revd Dr Datrell D Hannah
PCC Chair
10

**ALL SAINTS’ ASCOT HEATH PAROCHIAL CHURCH COUNCIL** 

## **NOTES TO THE FINANCIAL STATEMENTS** 

For the year ended 31 December 2022 

## **1. ACCOUNTING POLICIES** 

## **1.1 Basis of preparation** 

All Saints’ Church, Ascot Heath Parochial Church Council (“The PCC”) is a public benefit entity within the meaning of FRS102. The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCs, and with the Regulations’ “true and fair view” provisions and the Charities SORP (FRS102). 

## **1.2 Income recognition** 

Open plate collections are recognised when received by or on behalf of the PCC. Planned giving under Gift Aid is recognised when received and the associated recoverable income tax is recognised when the income is recognised.  All other donations and receipts for church activities are recognised when received. 

Income from investments is recognised when receivable. 

## **1.3 Expenditure recognition** 

Parish share is recorded when payable.  All other expenditure, including mission giving, is recorded when paid. 

## **1.4 ASSETS** 

## **1.4.1 Consecrated and benefice property** 

In so far as consecrated and benefice property of any kind is excluded from the statutory definition of ‘charity’ by Section 10(2)(a) and (c) of the Charities Act 2011, such assets are not capitalised in the financial statements. 

## **1.4.2 Moveable church furnishings** 

Moveable church furnishings held by the Vicar and Church Wardens on special trust for the PCC, and which require a faculty for disposal, are accounted for as inalienable property unless consecrated.  They are listed in the Church’s inventory that can be inspected (at any reasonable time).  For inalienable property acquired prior to 2000, such assets are not included in the accounts.  Items acquired since 1 January 2000 have been capitalised at cost and depreciated over their useful economic life. 

All expenditure incurred on consecrated or beneficed buildings or on the repair of moveable church furnishings acquired before 1 January 2000 is written off as expenditure in the year. 

## **1.4.3 Tangible fixed assets** 

These are capitalised if they can be used for more than one year and cost at least £500. They are stated at cost. 

Depreciation is calculated to write off the capitalised cost of fixed assets less their currently anticipated residual fair value over their estimated useful lives as follows: 

- 11 - 



**ALL SAINTS’ ASCOT HEATH PAROCHIAL CHURCH COUNCIL** 

## **NOTES TO THE FINANCIAL STATEMENTS** 

For the year ended 31 December 2022 (continued) 

- Freehold and leasehold land: Nil 

- Fixtures & Fittings: 10 years 

- Equipment: 4 years 

An impairment review is carried out at each year end and any resultant loss identified included in expenditure for the year. 

## **1.4.4 Investments** 

Investments in securities held with CCLA and ODBF are valued at market value as advised by those institutions. 

## **1.4.5 Stock** 

No account has been taken of any stocks of books, magazines or other materials held at the balance sheet date and all expenditure is written off as incurred. 

## **1.4.6 Pensions** 

The PCC operates a defined contribution pension scheme.  Contributions are charged in the accounts as they become payable in accordance with the rules of the scheme. 

## **1.5 FUNDS** 

## **1.5.1 Unrestricted Funds** 

These represent the remaining income funds of the PCC that are available for spending on the general purposes of the PCC, including amounts designated by the PCC for fixed assets for its own use or for spending on a future project. 

## **1.5.2 Restricted Funds** 

These are income funds that must be spent on restricted purposes and details of the funds held and restrictions provided are shown in the notes to the accounts. 

## **1.5.3 Endowment Funds** 

These represent capital funds in perpetuity which may not be spent.  Income arising is spent for the purposes under which the endowments were made. 

- 12 - 



**ALL SAINTS’ ASCOT HEATH PAROCHIAL CHURCH COUNCIL** 

## **NOTES TO THE FINANCIAL STATEMENTS** 

For the year ended 31 December 2022 (continued) 

|**2.** **INCOME**<br>Unrestricted<br>Restricted Endowment<br>funds<br>funds<br>funds<br>£<br>£<br>£<br>**2(a) Voluntary income**<br>Planned giving:  Gift Aid donations<br>71,902<br>22<br>-<br>Tax recoverable<br>18,080<br>5<br>-<br>Other<br>18,569<br>20<br>-<br>Collections: (open plate)<br>1,419<br>-<br>-<br>Grants<br>-<br>3,713<br>-<br>109,970<br>3,760<br>-<br>**2(b) Income from investments**<br>Rent received<br>-<br>-<br>-<br>Dividends<br>317<br>-<br>1,100<br>Bank interest<br>1,480<br>-<br>-<br>1,797<br>-<br>1,100<br>**2(c) Income from church activities**<br>Fees for occasional services<br>6,516<br>-<br>-<br>Church and Parish Room lettings<br>37,218<br>-<br>-<br>Parish-wide events<br>518<br>-<br>-<br>Other<br>-<br>-<br>-<br>44,252<br>-<br>-<br>**2(d) Income from other trading activities**<br>Ascot Week<br>9,363<br>-<br>-<br>9,363<br>-<br>-|TOTAL<br>2022<br>£<br>71,924<br>18,085<br>18,589<br>1,419<br>3,713<br>113,730<br>-<br>1,417<br>1,480<br>2,897<br>6,516<br>37,218<br>518<br>-<br>44,252<br>9,363<br>9,363|TOTAL<br>2022<br>£<br>71,924<br>18,085<br>18,589<br>1,419<br>3,713<br>113,730<br>-<br>1,417<br>1,480<br>2,897<br>6,516<br>37,218<br>518<br>-<br>44,252<br>9,363<br>9,363|TOTAL<br>2021<br>£<br>68,709<br>19,182<br>36,134<br>2,191<br>1,194|TOTAL<br>2021<br>£<br>68,709<br>19,182<br>36,134<br>2,191<br>1,194|
|---|---|---|---|---|
||||127,410||
||<br>|||<br>12,770<br>1,410<br>64|
|||||14,244|
|||||<br>5,992<br>30,458<br>457<br>120|
|||||37,027|
|||||<br>-<br>-|



- 13 - 



**ALL SAINTS’ ASCOT HEATH PAROCHIAL CHURCH COUNCIL** 

## **NOTES TO THE FINANCIAL STATEMENTS** 

For the year ended 31 December 2022 (continued) 

## **3. EXPENDITURE** 

|Unrestricted<br>Restricted Endowment<br>funds<br>funds<br>funds<br>£<br>£<br>Notes<br>**Church activities**<br>Mission and charitable giving<br>11,400<br>-<br>-<br>Diocesan parish share<br>83,417<br>-<br>-<br>Staff employment costs<br>4<br>11,393<br>-<br>-<br>Church maintenance<br>-<br>2,183<br>-<br>Churchyard upkeep<br>-<br>765<br>1,100<br>Occasional service fees paid to Diocese<br>70<br>-<br>-<br>Choir/music<br>2,348<br>-<br>-<br>Church supplies<br>1,210<br>-<br>-<br>Utilities<br>1,917<br>2,500<br>-<br>Property rental<br>-<br>-<br>Church hall – ASH<br>7,747<br>-<br>-<br>Church hall – KEH<br>6,220<br>-<br>-<br>Parsonage<br>4,363<br>-<br>-<br>Insurance<br>4,765<br>-<br>-<br>Flowers<br>-<br>18<br>-<br>Clergy expenses<br>3,253<br>-<br>-<br>Social events<br>400<br>200<br>-<br>Legal fees<br>-<br>-<br>-<br>Memorials<br>315<br>-<br>-<br>Organist<br>4<br>7,891<br>-<br>-<br>Independent examiner’s fees<br>2,400<br>-<br>-<br>Accountancy fees<br>4,391<br>-<br>-<br>Defibrillator<br>1,840<br>-<br>-<br>Office and administration<br>4,723<br>-<br>-<br>Depreciation<br>-<br>5,627<br>-<br> <br>160,063<br>11,293<br>1,100|TOTAL<br>2022<br>£<br>11,400<br>83,417<br>11,393<br>2,183<br>1,865<br>70<br>2,348<br>1,210<br>4,417<br>-<br>7,747<br>6,220<br>4,363<br>4,765<br>18<br>3,253<br>600<br>-<br>315<br>7,891<br>2,400<br>4,391<br>1,840<br>4,723<br>5,627<br>172,456|TOTAL<br>2021<br>£<br>9,298<br>84,278<br>11,136<br>1,288<br>-<br>415<br>1,279<br>253<br>4,627<br>8,750<br>6,947<br>6,803<br>16,383<br>4,137<br>144<br>2,376<br>-<br>1,716<br>540<br>8,016<br>2,460<br>3,850<br>2,040<br>4,840<br>4,915<br>186,491|
|---|---|---|



- 14 - 



**ALL SAINTS’ ASCOT HEATH PAROCHIAL CHURCH COUNCIL** 

## **NOTES TO THE FINANCIAL STATEMENTS** 

For the year ended 31 December 2022 (continued) 

## **4. STAFF** 

The Parish Administrator’s and Organist’s gross salary costs are shown in Note 3. 

The Parish Administrator is enrolled in the People’s Pension Scheme. 

No benefits in kind were paid. 

No JRS grants were received (2021: £181). 

## **5. MEMBERS OF THE PCC** 

No member of the PCC (or any persons connected with them) received any remuneration or benefits during the year in respect of their membership of the PCC.  Certain expenses incurred on behalf of the PCC were reimbursed. 

The Rector was reimbursed for expenses amounting to £3,523 (2021: £2,376). 

## **6. TANGIBLE FIXED ASSETS** 

|Fixtures,<br>Plant and<br>Land and<br>Fittings and<br>Equipment<br>Buildings<br>equipment<br>£<br>£<br>£<br>**Cost or valuation**<br>At 1 January 2022<br>11,862<br>612,769<br>19,490<br>Additions<br>-<br>-<br>7,117<br>Disposals<br>-<br>-<br>-<br>At 31 December 2022<br>11,862<br>612,769<br>26,607<br>**Depreciation**<br>At 1 January 2022<br>2,966<br>-<br>1,949<br>Charge for the year<br>2,965<br>-<br>2,661<br>Written back on disposals<br>-<br>-<br>-<br>At 31 December 2022<br>5,931<br>-<br>4,610<br>Net book value<br>At 31 December 2022<br>5,931<br>612,769<br>21,997<br>At 31 December 2021<br>8,896<br>612,769<br>17,541|Total<br>£<br>644,121<br>7,117<br>-<br>651,238<br>4,915<br>5,626<br>-<br>10,541<br>640,697<br>639,206|
|---|---|



Land and buildings comprise King Edward’s Hall (freehold), The Chapel of Saint Mary and Saint John (freehold), All Saints’ Church Hall (leasehold) and The Parsonage (freehold). 

- 15 - 



**ALL SAINTS’ ASCOT HEATH PAROCHIAL CHURCH COUNCIL** 

## **NOTES TO THE FINANCIAL STATEMENTS** 

For the year ended 31 December 2022 (continued) 

## **7. Investments** 

CCLA – Fixed Interest Securities Fund 

|Number of shares<br>At 1 January<br>Dividends reinvested<br>At 31 December<br>Market value<br>Endowment funds (Note 12)<br>Total investments<br>**8.**<br>**Debtors and prepayments**<br>Income tax recoverable<br>Debtors<br>Prepayments and accrued income<br>**9.**<br>**Cash at bank and in hand**<br>TSB Bank plc – current account<br>CCLA Deposit Account|2022<br>7,967.13<br>221.39<br>8,188.52<br>£<br>11,226<br>36,984<br>48,210<br>2022<br>£<br>7,500<br>364<br>-<br>7,864<br>2022<br>£<br>26,541<br>114,018<br>140,559|2021<br>7,753.54<br>213.59<br>7,967.13<br>£<br>12,616<br>41,918<br>54,534<br>2021<br>£<br>14,600<br>1,512<br>905<br>17,017<br>2021<br>£<br>25,257<br>112,538<br>137,795|
|---|---|---|



- 16 - 



**ALL SAINTS’ ASCOT HEATH PAROCHIAL CHURCH COUNCIL** 

## **NOTES TO THE FINANCIAL STATEMENTS** 

For the year ended 31 December 2022 (continued) 

## **10. Creditors: amounts falling due within one year** 

|Accruals<br>Friends of All Saints<br>Other creditors|2022<br>£<br>13,800<br>2,644<br>2,800<br>19,244|2021<br>£<br>18,229<br>1,309<br>1,702<br>21,240|
|---|---|---|



## **11. Restricted funds** 

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

||Balance at 1|||Balance at 31|
|---|---|---|---|---|
||January 2022|Income|Expenditure|December 2022|
|Youth|1,616|-|-|1,616|
|Eco/Future development|24,659|-|2,662|21,997|
|2014|717|-|-|717|
|Queen’s 2022 Jubilee picnic|-|200|200|-|
|Organ refurbishment|5,948|-|-|5,948|
|ODBF Utility grant|-|2,500|2,500|-|
|Church and Churchyard|2,454|1,013|2,948|519|
|Flowers|238|47|18|267|
|Messy Church|496|-|-|496|
|Camera System|8,896|-|2,965|5,931|
||45,024|3,760|11,293|37,491|



- 17 - 



**ALL SAINTS’ ASCOT HEATH PAROCHIAL CHURCH COUNCIL** 

## **NOTES TO THE FINANCIAL STATEMENTS** 

For the year ended 31 December 2022 (continued) 

## **12. Endowment funds** 

|Blake Trust<br>Lucas Legacy<br>Paterson, Barnett, Clarke (Ascot Heath Trusts)<br>General May Trust<br>Weigall Trust|2022<br>£<br>1,095<br>2,314<br>12.831<br>2,851<br>17,893<br>36,984|2021<br>£<br>1,241<br>2,623<br>14,542<br>3,232<br>20,280<br>41,918|
|---|---|---|



The capital of these endowment funds is perpetual and cannot be spent.  The capital is invested in CBF investment funds under the custody of the Oxford Diocesan Board of Finance. 

Income arising from these funds is allocated as follows: 

Blake Trust – for the upkeep of the church and churchyard so long as certain graves are maintained. 

Lucas Legacy – for the maintenance and improvement of the church fabric. 

Paterson, Barnett, Clarke (Ascot Heath Trusts) – 15/37ths for the maintenance of the churchyard, 10/37ths f or maintenance of Ascot Heath CE School, 10/37ths for school managers for school prizes, 2/37ths for annual school prize. 

General May Trust – for the upkeep of the church and churchyard as long as the grave of the Rev. Marrow is maintained. 

Weigall Trust - for the upkeep of the church and churchyard as long as the grave of the Weigall family is maintained. 

## **13. Analysis of net assets between funds** 

|Unrestricted<br>Restricted Endowment<br>funds<br>funds<br>funds<br>£<br>£<br>£<br>Fund balances at 31 December 2022 are represented by:<br>Tangible fixed assets<br>612,769<br>27,928<br>-<br>Investments<br>11,226<br>-<br>36,984<br>Current assets<br>138,860<br>9,563<br>Creditors: amounts falling due within one year<br>(19,244)<br>-<br>-<br> <br>743,611<br>37,491<br>36,984<br>|Total<br>£<br>640,697<br>48,210<br>148,423<br>(19,244)<br>818,086|
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**ALL SAINTS’ ASCOT HEATH PAROCHIAL CHURCH COUNCIL** 

## **NOTES TO THE FINANCIAL STATEMENTS** 

For the year ended 31 December 2022 (continued) 

## **14. Financial commitments** 

The PCC passed a budget for 2023 with a £31,000 deficit. There will be a giving initiative during the year and additional income streams will be sought especially by encouraging new members. This budget includes a commitment to give £8,000 to mission organisations. 

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