CA M B R I D G E Christ Church Cambridge (St Andrew the Less Cambridge) ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022 Christ Church Cambrldge Christchurch 5t Cambrldge C81 IHT 01223 750450 offlce@cccam.org.uk www.cccam.org.uk Registered charity number 1151611
ST ANDREWTHE LESS CAMBRIDGE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Contents Pages Parochial Church Council's Annua5 Report Independent Examinels Report statement of Financial Activities Balance Sheet statement of Cash Flows Noles to the financial statements Principal AddTrs$ Christ Church Cambridge Christchurch Street Cambridge CB11HT Principal Bankers CAF Bank Limited 25 Kings Hill Avenue Kings Hill Wesl Malling Kent ME19 4JQ Barclays Bank plc 28 Chesterton Road Cambridge CB4 3AZ IndepEndent Exarniner N J Hedger BFP, CTA, FCA Chater Allan LLP 7 Quy Court Colliers Lane Stow-cum-Quy CB25 9AU
ST ANDREW THE LESS CANIBRIDGE PAROCHIAL CHURCH COUNCIL'S ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 Background The Churchwarclens and Parochial GhLFrch Council IPCCI of Sl Andrew the Less have the responsibility of co-operating with the Incumbent, Th& Rev'd David Todd, in pr01Tting in the ecclesiastical Partsh, the whole mission of the Church, pastoral. evangelistic, social and ecumenical. 11 also has maintenance responsibilities IDr Christ Church Cambridge and Abbey Church. The parochial ¢hur¢h counctl is a iegistered charity, charity number 1151611. Membvrshlp The mèmbers of the PCC are either ex-officio or elected al the Annual Parochial Church Meeting (April) in AGcordance with the Church Representation Rules. During the year and the lime at which these accounts were approved the following served as members of the PCC,. Minisler The Rev'd Steve Midgley IChairmanl- until 31 Augu812022 The Rev'd D8vid Todd IChairmanl- from 1 September 2022 Assistant Ministers.. The Rev'd David Todd- until 31 August 2022 The Rev'd Rachel Browning The Rev'd Michael Nicholson Wardens.. Mr Tim Ensor {resigned May 2022., VictrChairman} Dr fvlatlhew Burton (Vic&Chairman frorn May 20221 Miss Sarah Hamilton lappoinled May 20221 R&presgnl8tlV8s on the Deanery Synod.. Mrs Rachel Bruins Dr Katherine Burton Dr Brendan Bromwich Elected Memb8tt3.' Miss Sarah Hamilton (resigned May 2022 as elected warden} Mr Sleveri Painter Ir@signed May 20221 Dr Keiqn Holmes (resigned May 2022. appointed July 20221 Mr Shu Sam Chen Mr Anthony Dent Mrs Annette Harraway Mr Basil Jackson Mr Zika Muwowo Mrs Bente Sivertsen-wright Mrs Laura Kilson Iappointed May 20221 Dr Paul Roberts Ireappoinled May 20221 Ms Katy Barker lappoinled fvlay 20221 Mr Leon Waldock lappoinled May 20221 Mrs Linda D&nnis lappoinled May 20221 Mr Joel Dixon lappoinled May 2022, resigned July 2022} Mr Anthony Dent Mrs Tariia Smallwood lin allendance only} Seclary,. Treasurer. Al the first PCC meeting lollowing election, nèw mernhers, duties anLI responsibilitses were explained by the Chairman.
ST ANDREW THE LESS GAMBRIDGE PAROCHIAL CHURCH COUNCIL'S ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 Committ88s The PCC operates through a number of commillegs, which meet between full meellngs of the PCC. Finance and St8nding Commiftee.- This committee, required by law, has the poweT lo Iransacl the business of the PCC between ils meetings, subject lo any directsons given by the Council. 11 overseés the general financi81 dimension of the work of Sl Andrew the Less by monitoring income and expenditure, budgeting and coordinating Gift Days when they occur. The F&S oversees an informal woiking group known as the Works Committee who allend lo mallers concerning the stewardship of all buildings used by the chLJrch. The F&S are also iesponsible for all employmenl-relaled mallers. Mission Support Group.. Coordinates the use of a budget provided by the PCC for the support of Mission wotk inside and o¢Jlside the UK. Church Attendance Al the 2L122 APCM there were 290 (2C>21: 3141 names on the electoral roll. A lolal revision of the electoral roll was carrted out in 2019. The next total revision is due in 2025. The average Sunday #llendance during 2022 was 355 adults and 72 ¢hlid¥en. The Statistics from 2021 are not a meaningful comparison due lo the impact of the COVID-19 pandemic. Revlpw of the Year 11 has been a significant year for us with Steve Midgley stepping down on the 31 August 2022 as Vicar of Christ Church Cambridge after serving in this role for 18 years. We are very thankful to God for his m8ny years of faithful seivice and the PCC are pleased hè will be continuing on the slafl team in a part-lime role11.5 days per weekl- Steve's lime as Vicar was marked al a special seThqce of thanksgiving on Sunday 3 July. David Todd, who has been working as a Senior Associate Minister al Christ Church since 1 April 2018, was appointed incumbent from the 1 September 2022, and a formal service of inslilulion was held on 11 September. The PCC and church family are delighted the Lord has led David lo this role and are committed to praying for him, and his lamily, as he leads the church in the years ahead. A number of other slafl appointments were made durtng the year- Louis Chan look ovar from Ben Cook as Operations Managèr in Fèbruary, and Fion8 Bourne started as an Associate Minister IFamilie8 & Paslorall in September. Ministry activity returned lo 'normal' in 2022 followng the impact of the COVED pandemic in 2020 and 2021. Through our Sunday setViGes, prayer meetings. small groups and staff team we have sought to care well for people's mental and spiritual health. We have also been Ihankftjl to Gocl for the many opportunities we've had lo share the good news ol the gospel through Chrislianily Explored courses, evangelisti¢ events, our children's Easter holiday club, and a range of carol services and Christmas events. We rejoice that we have a heavenly father who has done everything lo meet our greatest need. IhroL¢gh the d6alh and resurrection of his son the Lord Jesus Chrlsl. Our income is predominantly generated from regular giving (mainly through Standing orders), one.off donations and grants. A5 individual households experience rising costs due to economic pressures Ilhe'cosl-of-living crisis'l, some of our ¢hur¢h family have inevitably had to reduce thei¥ monthly giving resulting in a slight fall in donation income to £629k12021'. £631 kl. Income from group aclivilies, events and hall bookings was higher than 2022 as we were able to resume pie.COVID ministry activities. This increase was similarly reffeGled in our expenditure on these aTeas of aclivily. Income from property lèlling fell 10 £7k12021.' £25k) as we ended leasing a house in Ihe city centre for ministry trainees The grant from Biblical Gounselling UK IBCUKI 81s0 ¢e8sÉd during the year, Coinciding wth Steve Midgley stepping down as Vicar and becoming employed by BCUK as their Executive Director for 4 days per week.
ST ANDREv THE LESS CAMBRIDGE PAROCHIAL CHURCH COUNCIL'S ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 Our greatest area of expeiidilure is staff remuneration and accommodation. This reduced sllghlly lo £461 k12021'. £471 kl as a result of the switch in incumbency and Steve Midgley only working 1.5 days per week from 1 September. Building costs were higher in 2022 al £63k12021.. £47kl due lo a sharp increase in ulilily bills, consumables extensive repairs undertaken on IhB masonry of the church building. Finally, £5k ol professional fe&s were incurred in 2022 as a result of the PCC conLtucling a cultural review which was independently overseen by Christian Safeguarding Servlces. Advice was also obtained during the year on implÉm8ntalion of GDPR legislation and fire evacuation, including the purchase of a new evacuation chalr. Our overall position al year-end was a deficit of £32k12021.' surplus DI £31k}. This was expected- during 2021 the PCC look the decision lo use accumulated reserves to invest in resloralion of the masonry and recruilmenl of the new Associate Minister {Families & Paslorall. Total resliicled, designated and unreslricled reserves al the yearpend reduced lo £403k12021.. £435kl. The unreslri¢led reswve reduGed lo £376k12021'. £382kl. The level of unrestricted reserves is considered sullicienl to support the ongoing actsvitses ol the Church. Financial details are discussed with the PCC and the Finance and Standing Committee each lime they meet. We are thankful for all those that give lo Cod's work in this way. Pollcy on ReseeS The Sl Andrew the Less PCC does not aim to build up signilicant free reserves, rather il aims lo spend the large majority of income received each year on gospel puiposes. The PCC is Gommilled to finding the best use of existing reserves that woulcl fkjrther the charitable aims of the chur¢h and during 2022 approved the recruilmenl of a n&w SenioT Ass01le Minister lo strengthen the pastoral leadership- il is hoped this position will be filled in the summer of 2023. These reserves will ensure sufficient funding 16 in plaGe for the Cominy 3 yea¥s whilst regular income it)¢rease$ sufli¢ienlly lo m@el the on-going costs. It was our policy lo have free reserves of al least £122k in 2022 (being two month's of total expenditure). PLFblic Benefit The St Andrew the Less PCC has considered the Charity Commission's guidance on public benefit and, in particular, the specifi'c guidance on chaiilies for the advan¢emenl of religion. In particular the PCC try lo enable ordinary people lo live out their faith as part of th& local community through.. Worship and prayer,. learning sboul the gospel; and developing their knowledge alld trust in Jesus Chiisl. Provision of pastoral care for people living in the local community. - Missionary and oulreath work. Rlsk ivlanagement The major r(sks lo which thè St Andrew the Less PCC is exposed have been idenlrfied, reviewed and systems established to manage those risks. Plans for Future Pèriods The Sl Andrew the Less PCC Intend lo continue their main aim of promoting the gospel in Cambridge. On behalf of the PCC Rev'd David Todd Chairman Dale..
ST ANDREW THE LESS CAMBRIDGE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ST ANDREW THE LESS CAMBRIDGE I reDort to the charilv truslees on mv examination of the accounts of the Gharitv for the vear ended 31 December 2022. RESPONSIBILITIES AND BASIS OF REPORT As the charity's Iruslees you afe responsible for Ihe preparation of the accounts in accordance with the requirements Df the Charities Act 2011 1 the Act,). I ieport in respect ol my examination of the charity's accounts carried out under section 145 of the Act and In carrying oul my exatllination I have followed all the applicable Diieclions given by the Charity Commission under se¢lion 14515}Ibl of the Act. INDEPENDENT EXAMINERS STATEkqENT Since the charity's gross income exceeded £250,OOD your examiner must be a member of a body lisleof in section 145 of the Act. l confirm that l am qualified lo und&rtake the examination because l a member of The Inslilule of Chartered Accounlanls in England and Wales. I have completed my examination. I conflrm that no material mallers have come to my atlentson in connection with the examination giving me cause lo believe that in any material respe¢l'. 1. a¢¢ounling records wero not kBpl in respect of the ¢harily as required by section 130 of the Acl,. or 2. the accounts do not ac¢ord with thosè records,. or 3. the accounts do not comply with the applicable requirements concerning the foim and Gonlenl of accounts sel out in the Charities {Accounls and Reports) Regulations 2008 other than any requlremenl that the accounts give a 'Irue and fair view. which is not a maller considered as part of an independent examination. I have no concerns and havè come across no other mallers in connedion wlh the exsminalion lo which attention should be drawn in this report in order to enable a proper understanding of the ac¢ounl¥ lo be reached. N J Hedger BFP, CTA. FCA Chaler Allan LLP 7 Quy Court Colliers Lane Slow-cum-Quy CB25 9AU Date.. 04 Apnl 2023
ST ANDREWTHE LESS CAMBRIDGE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER2022 Unrestrltted Deslunaled Re$trf¢ted Fund8 Fund8 Funds Tolol 2022 Totsl 2021 Note Incorn8 from.. Don3tSDns and leg3Thes Charitable activity Advancement of the Christian gospel Olh8r 21al 626.516 628,516 631,151 21bl 21tl 56.731 3.268 56,731 3.268 89,462 705 Total Incorr 888,874 688.874 721,318 Expenditure on.. Chaitable aclNity Advancement of the Chrisli8n gospel 721.039 721.039 691,138 Total Expenditsjre 721,039 721,039 691,138 Nel IncoTnellExpenditurel 132.1651 132.1651 30.180 Transfer Betvrfeen Funds Tiansfer (lol I from DesvJnated Funds Transfer Itol I from Reslricled Fund5 10 25.348 125.3481 Net Movernenl in FU5 16.8171 125,3481 132.1651 30.180 Fund Balan¢e$ blfwd at 1 J?Thary 382.387 31,579 21.099 435.Ib5 404,885 Fund Balances cjlwd at 31 Doc8mbgr 375.570 6.231 21,099 402.900 435,065 Income and èxp8ndituye is defived solely from continuing operations
ST ANDREW THE LESS CAMBRIDGE BALANCESHEET AS AT 31 DECEMBER 2022 2022 2021 Note FIXED ASSETS Tangible Frxed Assets 45,331 1,110 CURRENT ASSETS Debtors Cash at 8ank and In Hand 58,351 345,208 403,559 93,263 365.590 458.853 CURRENT LIABILITIES Cieditors Du& Within One Year 45,990 24,898 NEf CURRENT ASSETS 357.5e9 433,955 TOTAL ASSETS LESS CURRENT LIABILITIES 402,900 435.085 NET ASSETS 402,900 435,065 FUNDS Unreslrl¢led Funds D8signaled Funds Restricted Funds 375,570 6.231 21,099 382,387 31,579 21,099 10 402,900 435,065 Approved by the Parod)ial Church Coundl on . and sign8d on Its bÈhaW ty.. Rev'd Davld Todd Ichairmanl Mrs Tarila Smallwood ITrèasurerl
ST ANDREWTHE LESS CAMBRIDGE STATEMENT OF CASH FLOWS FOR THE YEAFi ENDED 31 DECEMBER 2022 2022 2021 Note Cash flow$ from oper&ting 8Ctivitie8 N&1 eash provided byllu8ed inl operating 14 28,398 116,0381 Cash flows from Investlr>g attlvltles Interest receviÈd Purchase of tan9ible fixed assets Net cash provSd6d byllusod inl Invesilng actlvltles 359 49,139 148.7801 hange In cash c35h equivalgnts in the rèportlng parlod 15 20,382 16,038 Cash and cash equivalents at the beglnnlng of the reporting P9r0d 365,590 381,628 ash and cash equivalents at the end of tho rgportlng porlod 345,208 365,590
ST ANDREWTHE LESS CAPIBRIDGE NOTES TOTHE FINANCIAL STATEMENTS FTRE¥PAR ENDED31 DE¢EMBeR2022 I STATEMENEOFACCOUNTING POL5CIES Thb 48i¢mÉThig been prepared urtdei lh# hi5t0T1tr ¢tsSt ¢Onvenlion. Th8 chat41y con3tllules a pu1¢ benefil Bnlity tTethpd by Ffis 102. The arydal SIeMentS haw8 baen WPar in ordaCe Accounithg and Flèpon¥ ch4n19-. Slalem6nl of RecMnded PrlIcè appllcabl¢ 1¢ ¢horilh5 prÉp8iif& theii EccoidaThce with Ihe FancIal Repo siefide epplicable Inthe UK k¢publiG ul liple 135u&I In October 19. Fillandal Rewtthg Slarhlud appiittawe Khlgdom R¢publl¢ tsf IlalaP)d IFRS 102). Aci lf. Ili¢ COM1$ A¢t 2006. IJK cell?1 A¢wied Acc Pracuce Golng concbin b•sls IiuÈl&É$ ¢tyn5ld6rk1t t] gOFfwJ ¢ontn ba3 Is 4yDprlalp they ¢Qndr Iho lo bo tpnSu thB I[uBtee% Ihe Fund ÈeneralTunds PreSen1 Ilnd&Ofth9 P¢G Ihal a[e wlsubJBci loanyroslrwons rg9arthng Iruse dThtrèrtrevEaaNefoEappfvbDn on UiogM¢r¥l purws9s 011 PCC. PU$ de61oThaied forg pBtbttdarpulP05e byth6 PCC Él&oUnfÈ51nGt6d. Thp BccDunts Includg aNlransacUons. AssBls gDdIlabISknFwh1ch the P¢Qls rfjswn$W>le kn kw. Tlwdonoiirtknde IhesccounlsoTLwdiww Iha ow IW mah atfiliAlion to Ih$l Éle infDrmalgÈAhtrinyS Ofchurch membBts. Vduntatylncome8rtde&Ma150ufce5 coll0cln$4rQ re¢ognL%$dwhen ie¢glved tyoron behBIIDllh¢ PCC. pknnedgig leI¥e undprcovenanl L3 reCOgnk ontywhén réciiived InmtAX rtA)vrdI)1É iindv.I orgill EMId'1&1)54b iecuynls¥d knlhe yeAf th&thna)n isrgcognlsed. Gr&rtS End lotho PCC acc0unl8dforasTr PCC isnk9dtsf k$19gal eniiuemeni art atll. 191sga chu1 even1sale¢0kndfyYrO$$. SaI3s oblloksaDd magazlnosliom th& rhur¢li b¢okstall¥e I9[0$5. R•nid Ihcomefrorn e ofthechuich PeIsellIsed¥then Ietal Isth. InleTaSI ISnie4rmn Grattis Grani Incomg 1$oc¢¢W l¢rwknre¢eived uh16$8 1116 gtani * hnked SpeIleNd InvA4th¢ase Ihèifthme Expondllw GrJrf& Grantsand donalknns ar&accouffléd knrmthèn p91d ow. orawrtd. Illhal widwlès a t4ndlr IhB PCC. The d5ocesan qu¢Xa or parlsh shaièlsawounied f¢rOn payabl¢. Any quolA 4131 DKpmberI5 woJed for In these accounls as an opeiolknalllhougi) a lega01bIllY tynd1$ 5n¢vm ¥$4¢t¥ditty Ihp ShpFL The PCsFEtseOpthd pen51on6thtThevAlh NEST. ConlrfWhM$ parablthIS tothpSIEiemnlofFFhanthlAClU ltrkpemd iowhth tw reL31È. Flx•dAsse Consecr&ledand benefKed prop8rtySs exdudad fr¢Jm Ihe accounsby 5.96(2Xa)of the Chdespa IWJ. bknv#lue moveable ctwch [urnli1rS h¢ld tyuie church wardens on sp&cial Iwsl for Iha PCC 2nd Vthh 1oculiY rdIsPoSal PCC ¢[$ lo b&9&bI& woporty.Al èxp¢ndl Incwrftd lh y•#rtyi ¢¢nsw¥lvd benefTh bulldlwB ¢hurth fuffli¥hlny6.whelhpr winienEnce 01 Improvémen( 011gsèp¢ndllW¢ IhÈ 8tmeniolFkn¢iA¢lIlIeY a4 BeppraY th3cbspd. off&5sets AssalsAr&onty ¢osiwos£l,OW¢Jrover. Dspw8dollon dl&ryllle fve4$ts Depivd£lTh Is prowda ENfLYed ES8eis onj shlebas1S CalClaled w[Re off lhocoslowBrlhdiX[1ad #51w5". OtficeequipmenllcbJd1ng Au(loWisual pho10LPYn9I JYè&rs4WJl In L•A$iThu 4nd HiPU1¢h0¢0mM1¢M#tr Assets held rfer faTrce le5 51e capttali&ed al the present Ve of lease depio&4ted u¥er Ihe oflhe leas& IBrm and Iha us&lul of asyal Inièiè>i Is retryniB$d Ill U)& ststamBni Fh19n¢iai A¢ltwiliè$ over thr p8nod of Ihe IBase SD a$ i? ¢ei)Blanl Ic oltharge ihe bate orth• ¢twil 1¢pawMlS ¢yisiandlrtg. Assets held underhlrn purchase¢Dniratl$ are¢ala&S¢ In lh¢ bÈL)n¢e sheetgn¢ wty14pit¢ilvd UEelul lilpof Ih&&8selconcetned.Th8 £1gmgni reniAI •bIallOnS 19 f¢¢ounitèd in the Slatement èf Financial mylIeS $0 E$ io prodwf a constant P9hodk ol ¢h4w¢ of the Ca1 IpB?qs. sub8Y &llknp Il¥ks rprnFAnwIth Ilie sSOt.£ia charged a& h¢hg P)91nkh IhBy are Incurred. cvry0ntAttr PCC HI 31 respe¢tOflèpS. iehisor(4ner IrKomg er&#ho%in as deblOFS&s prOvIOn f¢K 01$ Ihai msyprovp unc01e. 5tr dgposlis In cash al bank. Txat40 The PCC l$acharttya¥Jas $LKh Is I4hDA.
ST ANDREW Tme LESS CAMBRIDGE NOTES ro THE FINANCIALSTATEMENTS FOR fHEVEAR ENDEDJ? DECEMBER 2022 2 INCOME Un¥e$tfi¢t¢d D•slynits4 Funds FuDd8 Rgirfi¢tgd Fund Total Fund$ 2022 2021 lal DDnatlOns and Iqgacl#$ 8lanJin9 Order$ OnD.off Gi5 3nd DDnal Tax RMed 510.7 510.70D 29.221 520.26 18.%8 8B.595 828.518 628.516 Advaniempnf of thp Chil&ts&n g¢8pel Acti15 orarIum$dFees Praperfy Letti G(an15 22m5 e.OBO e,084 2ie05 25,36 37,519 89,46 $6.791 58.731 Buitdknyb Fklè 3.2 3.268 705 705 2.268 Bank Interest 359 359 359 359 fj88,874 3 EXFENDIIURE Llnrpstrf¢tEO De91¢ Funds Funds Restrl¢tsd Fund Total Fundi 2022 2021 Advanrementoi th¢ ¢hrhllan40$p&I lal Granls UKMls¥kXI l)wrsoas Nwsskni 3O,SfO 40.$00 3U,O 40.900 25,3 S,940 09,740 Y1.$ 7f.550 Sl£Ncos13 ShEfB 471.282 62.49) 23.894 46.529 63,5 37.378 63,313 17.033 042.340 s3.3 37.378 &3.313 17.083 642.340 BulQFn9 $1è.752 Ici SupportCo5ty Prolo$s1oal Fog$ Bank ChargE5 GovernarK* S.3) e59 9W 526 9) 7.149 1,546 Total 721,Q 721.030 4 STAFF COSTS 2022 Wa98s and Salass Soci£lSEGurityC051y Pgnslon ¢osis 3ts5.449 295,117 18,807 34,115 mPYO&s{2o2I..1B1dUiglheyeex1ftO mlF)l$lry li/lne8vdwleer$. CO$lsreblgOiolheem9W9s8re KldIrec¢s Apgns8satyJv8in 2022. Th8Vlc&ri3tluded IhFstgllcosts ash1$$Ih?d ar houslDg co8is&fÈ undÈrChufth NJI byih8 PCC. Nu enwltyÈèÉFtd yew. Key ppr¥Of¢nel ThBtolalempEoynienl and benell$ P8DsiDnthUlOTh¥ Of kÈyMSnagemprntsrN)e1Ve £66,351.
5T ANDREW THE LESS CAMBRIDGE TES YO THE FI14ANCL STATEMENT$ FOR THE YEAR ENDEO 31 OECEMBER 2022 5 FIXEDASSEYS FOR USE SY THE PCC Tsn9ltk Fi%eaAS6 Equfrfftait EQMen1 Tof81 Gro£sBtyJkV As d l Jany2022 Mditknns du lh¢ y¢ar 3.ez4 1,732 49,1Jg 5.356 49.13g A5 vt 31 DBceThpf z022 50,871 54.405 Ats ai i mU2222 Chèfge Eliminalon(Sl A6 gl31 Oe¢ember2022 3,379 245 8$7 4.873 4.24ts 3.624 lèt Bookvd Ass131 Duc8rnbor2Q22 45.&31 45.331 N¢1 bry)kV4lue A131 Dec2mber2021 24S 865 ThievnDleSdfiitiLy1teM%eq1prneffl1 hender[l[fjre aoreemynl$ Ih9 fixed a$58i$d PCC u5edftth&rilabip5eS. 6 DEBTORS 2022 2021 TiadÈ Dèblors GM Ala ReCVersb18 OthprDeblcrs 8paymwtsgndAwued Income 855 45,Q65 2,726 44.607 93.2&3 42.tA5 2.629 7 ¢REDITOIIS.' amwnisf8no duèwllin ye4r. 2022 2021 Tralg Crédllars tXherTax8sand SDcSa twl$d Oel$Yred Inwmè 14.729 S.670 25,591 49,WO 10,734 R.760 24.098 8 DEFERREO INCOME In 2022 a chwehWÈk$nl AW4y thai L4 takè placg h J¢ w23. Thi&W&S acts1d forasa I?1VShwlh9 ba8&e1 asdpf8rredincomea 31 Doc8mb8r202E D8ferr8dirn Is relpaséd In Iho r9wrUng pe Iheevenia¢iUtytixbka¢e. 2D22 2021 Bala 31ts slart oltho repo perfos knnts Èddèd in curtènl pehod5 m¢tS ieleasedlolnGoMtsfrom BglatKg al Ilo onJollhergportlny p911od 4.044 4,860 4,014 4.860 g uiiriESYRtCYED FIINDS pcc Bdancfra 1 JaTrll 22 ¢om& 382,ts8Y 6B8h74 1721,0391 25,318 382,3B7 ee8.874 1721.0391 25,348 Transletitowrom De90ed Fu5 Transfor{loorn R¢61rf¢i¢d Fund$ Ea1c9 al 31 DMbr20? IQ DEsI4ATEDFUNDS MSG RM Oest9nèied tye51gnated Fund Fud Totsl Ba1c1 l Jwry2022 Tr8nsr8r{toittrom unièstncied B#kn¢èai 31 2022 7,781 1,5501 31,579 2S.34 The Mi$4on slwl¢l0Up IMSGI deg1gnd lund holdg ru$1(1ed toiheMSGthathaVèMtnsPn1. Thè Maiknn4ncèlRMI dE5pJnalFd lund lundsctOVI[¥k0Tr IhpèuIdwlh have beon spgm. Ihls Indutss gwalmahlWICè4fWJ dewprolecls. Ou¢hg 2022 masonary 1$W¢ undÈrfaknl4chusgd upthèbalance ollhis lufvj.
ST ANDREWTHE LESS CAMBRIDGE NOTES TOTHE FINANCIALSTATEMENTS FOR THEYeAReNOEO 31 DECEMBER 2022 11 RESIRI¢IEtrFUS Ro Totsl BaaNcea 1 Jarlty20¥2 21.099 21.1 21. 21.Q99 Thè Rooffiffld repr6seTr154rfts mathTrin 2016whhweie r•51rfGiettioriepa¥st¢, thechUrlI00r. The PCC a16¢ Ihe ChairtycommtssTh Ir delbrftnÈWfitrr8 tsedary purwgfor r4s1n91d$e1d8I Ib81Ofth8pI, In Did8rtoéslaWlshYthlk81thsse tCom8 uDrF%ithd. 12 ANALYSIS UF NET ASSETS bETWEEN FUNDS Unr•8lrkiéd 04slgnakd fund¥ fvnds funds TDtal 1021 Fi¥edA55d5 45.33t 45.>81 357.569 402D 6231 21.099 4?3.955 435065 Fund Bakn(¢ 375.570 13 AIQALYSISOF GRAM¥S Altsar8 Iled in the labth b8low ExietNlgi¥T¥ai6. Inwer£i. alle£1 on OehlOttrPCC by lè kllS6iOil SLWrtGfw)IMSGI. GianlS¢fE28.70 We PlOinSlknlk¥lS &M212,8501o InLlwldu4s. Gèneral fuThds UK Gr4rts Non-UKGruTrts 8.0 KBndwTr TWilntJlcfisiciemenis IheGosp4Mlnlsty SuppthTrv511 sl1• Hgrflaga UCLF 5.wo ?.500 2.0 2,2 St ChbprtSchUF AnyNa RusSJn UrfvwsltyCtio$ltsnUnlo GenR8 C111 Gr4dvaleSludoni Wel¢ome 4(Hl 44 AE¢ONCILIAYION OF NET INCOME TO TCh$H FLOW FROM OPERATrNGACTAryTIES 2022 Ng1 Incomo49Xpgnd&Ll lorts iepwti period 132.1651 30,19) 4,916 ,912 DleaSe1CleSPI iTrdebtts5 ID*¢f¢aS¢lnrwast In cwdllw$ N•¢ c4sh provldÈd by Inl opgrutlng act1vl 1603B 15 ANALYSIS OF CASH AND ¢ASTr¢ FQUIVALENTS 2022 CASTrtFLOW C&611 at In hAnd 345.208 120.3B21 385.580 20.2 3, 355.590
5T ANDREWTHE LESS CAMBRIDGE NOTES TO THE FINANcL STAYÈPhENTS FORIHE YEAR ENOED 31 DECEMBER2022 16 RELATED PARTIES Sl@VBAld9tSy, Iholfjcarol Chrlsl Chuithcaffl9& unl,.131 Augusl2022 Iheresneran eWoyeeollhe PCC and eXD Iruslee. is also Executive recto[B[Cl Cc4M5elI UKVAlFI 15 2 sEp8relelegal gnllly lipgl8d clorily numkr l1fj4S$1. DvriThJ IhByeBT Christ Ieceived 01£1g.( from Counselllng UKln rwnl1jDICrth'S SuPJxNi thbl?IcouTh5Bllw ar0 Ihk% MInlrya[Oa. T5 conser0d T{usaS lobo wANn lhèÈheh,s thaiil401è aNllS. In byth8 PG¢from 1 SW$r2022 he wossupptied ¢0mbUbon laxsile PÈYI w8lonc(15dhcs1nts ItsU)& v3lue¢1£4.21X)In 2022. DBMdToddls anexomrio Inlea8 a iesuaof hlsllcen8lng lotsSh ahrfbec8vIcof ChTrSl Chwch 1 SepiembEr2022. In CDnneclinn Ihhlsempbyfflrt bylhE Pec Augu 2022 he was supwIll1 a wmbSns)n d b%ab)pdy. ponslonwlthtsiity and trth5ing 10 Ihe valuè ol 151 in2022 Bf¢wiiig i% &n ex¢1[61¢k4S a 1esuiioFTher¢enshYj 10 Ihèparish. In nell vllh hèrèrnploymer shèw4É supplgdvlffta pay. penslon Con11[04S hculng allowanco lo Iho V0 ofE49.857 kn 2022. RaGW aL%o a ISIee ofth8Gosp8lMinistySupplltiTtuslwhMth c01¥d oianis pccdt5,OOD 2022. Rachel I Ihe approval gra6 iotheGospel mthiry elNichobMisan ex0[r0t5teE 25a re5uN 0115 lo lh$ wrish. In fMplDyt hew85 SuplPd wllh s k&toF1&KablP y. pansbncothbulbnsdhwth9 Ir<rA valuaolt54.1601n 2022. fy COMPARATIVES FOR TM£SYATEIAÉhMOFFINNACIALA¢TIVITIES UnN¥¢rl¢trd DèslgnafBd Fund8 Fund$ Fund$ 2021 In¢om•ir¢m'. 1,151 631,151 Adv2ncenenl0fthBChti51g0Spel 89,462 7Q5 705 TOIAI Ine¢me 706.56¢ ExptrtdliUr¢ on.. ch&ab È¢ifvty AdvgK9menldlh9 Chrfsllango 671.328 E91.138 Total Exptrydi¢ur G71,328 691.1&1 PlÈi lnc0m4{È%pLIél .240 15.oeD) Transleroawe¢n FLTh*$ Transforllollfyom Dgs4gnaigdFunds fransleriif>iiiiom RÈsirfcied Fd$ 4.49D Not Mowmeni In FuNd$ 39.730 4.490 15.060 30.ieo