**THE PAROCHIAL CHIRCH COUNCIL OF THE** _**ECCLESIASTICAL PARISH OF PEASEDOWN ST JOHN**_ **BALANCE SHEET AS AT 31 DECEMBER 2022**
## **Charity Registration no: 1154122**
## **THE PAROCHIAL CHURCH COUNCIL OF THE**
## **ECCLESIASTICAL PARISH OF PEASEDOWN ST JOHN**
## **REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 DECEMBER 2022**
## **Administrative Office:**
The Vicarage Church Road Peasedown St John BATH, BA2 8AA
## **Incumbent:**
Reverend Matthew Street The Vicarage Church Road Peasedown St John BATH, BA2 8AA
## **Bankers:**
National Westminster Bank Plc Midsomer Norton Branch 3 High Street Midsomer Norton RADSTOCK, BA3 2ZY
## **Independent Examiner:**
RHW Beath BSc FCCA Ashlar House 58A Combe Road Combe Down BATH, BA2 5HZ
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**THE PAROCHIAL CHIRCH COUNCIL OF THE** _**ECCLESIASTICAL PARISH OF PEASEDOWN ST JOHN**_ **BALANCE SHEET AS AT 31 DECEMBER 2022**
## **INDEX TO THE REPORT AND FINANCIAL STATEMENTS**
## **CONTENTS**
|Trustees’ Annual Report|1 – 5|
|---|---|
|Independent Examiners Report|6|
|Statement of financial activities|7|
|Balance sheet|8|
|Notes to the accounts|9 - 11|
|Membership of the PCC|12|
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## **THE PAROCHIAL CHIRCH COUNCIL OF THE** _**ECCLESIASTICAL PARISH OF PEASEDOWN ST JOHN**_ **BALANCE SHEET AS AT 31 DECEMBER 2022**
## **The Parochial Church Council**
The Parochial Church Council (PCC) has the responsibility of co-operating with the Incumbent in promoting within this parish the whole mission of the Church – pastoral, evangelistic, social and ecumenical. The PCC registered with the Charity Commission on 7[th] October 2013. Members of the Council are either ex-officio or elected by the Annual Parochial Church Meeting. The appendix to this report lists those who served as members of the Council during 2022. PCC membership remained at 14 members this year. Four PCC meetings were held in 2022 with an average attendance of 8
## **Buildings**
The principal buildings available to the Church Family are: St. John Baptist Church, Church Road, Peasedown St John – consecrated 1892 The Church Hall, Church Road, Peasedown St John
## **Governing Document**
The charity is governed by the Parochial Church Council Powers Measure (1956) as amended and church representation rules.
## **Public Benefit**
The charity has due regard to the guidance published by the Charity Commission on public benefit.
## **Risk Management**
The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
## **Review of the Year**
The PCC, in its leadership role in the church made possible a wide range of activities this year by supporting financially and prayerfully the following events and people.
## Regular Sunday Worship
Two services take place every Sunday at St John’s Church one on the morning at 10.30am and the other, known as Soul Food, in the afternoon at 4.30pm.
## Somer Valley Foodbank
This Trussell Trust foodbank continues to operate in co-operation with other local churches to provide three days of emergency food for those in crisis.
## Pre-School Ministry
Little Lights, the Toy Library and the After School Club are enabling us to engage with young families in the area on a weekly basis.
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**THE PAROCHIAL CHIRCH COUNCIL OF THE** _**ECCLESIASTICAL PARISH OF PEASEDOWN ST JOHN**_ **BALANCE SHEET AS AT 31 DECEMBER 2022**
2022 Sermon Series ‘Revelational Testimony’
Utilising the ‘I AM’ statements in John’s Gospel the sermon series for 2022 revealed twelve important characteristics about Jesus that we can apply in our daily walk with God. Each month we allowed the Old Testament to illuminate our focus characteristic.
## Mission and Outreach
Donations of £9,270 (£16,500 in 2020) to our mission partners: Redeemer Primary School in Baghdad, Bibles for Children, Tutela Africa, Flame International, SAT 7.
## **Financial Review of the Year**
From 1[st] January 2022, the Foxcote bank accounts and transactions were included in the PSJ accounts. Total incoming resources for 2022 were £287,483 (2021 £262,357). This is made up of £149,223 of unrestricted funds and £138,259 of restricted funds.
Expenditure for 2022 was £296,850 (2021 £263,665). This is made up of unrestricted expenditure of £157,228 and restricted expenditure of £139,622.
From the Foxcote accounts introduced, the balance on the Frends of Foxcote remained as restricted whilst the others remained unrestricted. At the end of the year, the charity had unrestricted cash reserves that represented approximately three months of unrestricted expenditure on its activities based on the 2022 budget.
## **Conclusion**
We end the year seeing how faithful God has been in providing for our needs as we seek to do his work in the parish of Peasedown St John and looking forward to the continued growth of activity in the coming year.
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**THE PAROCHIAL CHIRCH COUNCIL OF THE** _**ECCLESIASTICAL PARISH OF PEASEDOWN ST JOHN**_ **BALANCE SHEET AS AT 31 DECEMBER 2022**
## **Statement as to Disclosure of Information to Auditor**
In so far as the trustees are aware:
- there is no relevant audit information of which the charity’s auditor is unaware; and
- - the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information.
## **Statement of Trustees Responsibilities**
The trustees are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for the period. In preparing these financial statements, the trustees are required to:
- Select suitable accounting policies and then apply them consistently;
- Observe the methods and principles in the Charity SORP;
- Make judgments and estimates that are reasonable and prudent;
- State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- Prepare the financial statements in the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **On behalf of the PCC**
**Reverend Matthew Street Date: 26[th] March 2023**
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## **THE PAROCHIAL CHIRCH COUNCIL OF THE** _**ECCLESIASTICAL PARISH OF PEASEDOWN ST JOHN**_ **BALANCE SHEET AS AT 31 DECEMBER 2022**
## **Independent Examiner’s Report to the PCC of Saint John’s Peasedown for the year ended 31[st] December 2022**
This report on the financial statements of the PCC for the year ended 31[st] December 2022, which are set out on pages 1 to 5, is in respect of an examination carried out in accordance with the Church Accounting Regulations 2006 (“the Regulations”) and section 43 of the Charities Act 1993 (“the Act”)
## **Respective responsibilities of the PCC and the examiner**
As members of the PCC you are responsible for the preparation of the financial statements. You consider that the audit requirements of the Regulations and section 43(2) of the Act do not apply. It is my responsibility to issue this report on those financial statements in accordance with the terms of the Regulations.
## **Basis of this report**
My examination was carried out in accordance with the General Directions given by the Charity Commission under section 43(7)(b) of the Act and to be found in the Church Guidance, 2006 edition, issued by the Finance Division of the Archbishops’ Council. That examination includes a review of the accounting records kept by the PCC and a comparison of the accounts with those records. It also includes considering any unusual items or disclosures in the financial statements and seeking explanations from you as trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
## **Independent examiner’s statement**
In connection with my examination, no matter has come to my attention:
1. Which gives me reasonable cause to believe that in any material respect the requirements
- To keep accounting records in accordance with section 41 of the Act; and
- To prepare financial statements, which accord with the accounting records and comply with the requirements of the Act and the Regulations have not been met: or
2. To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached
Richard HW Beath BSc FCCA 58a Combe Road Combe Down Bath BA2 5HZ 18th February 2022
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## **THE PAROCHIAL CHIRCH COUNCIL OF THE** _**ECCLESIASTICAL PARISH OF PEASEDOWN ST JOHN**_ **BALANCE SHEET AS AT 31 DECEMBER 2022**
**----- Start of picture text -----**
Statement of Financial Activities
Balance Sheet as at 31 December 2022
Income and Expenditure
Notes Unrestricted Restricted Total 2022 Total 2021
Funds Funds
£ £ £ £
Incoming Resources
Voluntary income 2 105,623 0 105,623 94,633
Activities for generating funds 1,231 96,779 98,010 89,916
Investment income 1,566 0 1,566 64
Incoming Resources from Charitable Activities 40,803 41,480 82,284 77,744
Total Incoming Resources 149,223 138,259 287,483 262,357
Resources Expended
Costs of generating voluntary income 0 0 0 0
Fundraising trading costs 0 0 0 442
Investment management costs 0 0 0 0
Charitable expenditure 3 126,801 139,622 266,423 235,817
Governance costs 30,427 0 30,427 27,407
Total Resources Expended 157,228 139,622 296,850 263,665
Net Movement in Revenue Funds (8,005) (1,363) (9,368) (1,308)
Transfer to restricted (3,759) 3,759 0
Foxcote accounts introduced 19,998 2,258 22,257
Balances brought forward 1/1/22 284,492 147,350 431,842 257,443
Total Funds to carry forward 31/12/22 292,727 152,004 444,731 256,135
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## **THE PAROCHIAL CHIRCH COUNCIL OF THE** _**ECCLESIASTICAL PARISH OF PEASEDOWN ST JOHN**_ **BALANCE SHEET AS AT 31 DECEMBER 2022**
|**Balance Sheet**|||||
|---|---|---|---|---|
|**At 31st December 2022**||**Dec-22**||**Dec-21**|
||||||
||Notes|£||£|
|**Fixed Assets**|||||
|Tangible fixed assets|4|446,355||431,040|
||||||
|||446,355||431,040|
||||||
|**Current Assets**|||||
|Debtors||864||1,332|
|Cash at Bank and in Hand||6,956||6,279|
|Deposit, food bank, CBF accounts, Hive, Movement||181,487||192,693|
|Friends of Foxcote, main Foxcote account||8,489||0|
||||||
|Total current assets||197,797||200,304|
||||||
|Creditors: amounts fallingdue within oneyear||(773)||(853)|
||||||
|Net Current Assets||197,024||199,451|
||||||
||||||
|Total Assets less Current Liabilities||643,380||630,491|
||||||
|Creditors: amounts fallingdue after|||||
|more than oneyear||0||0|
|Net Assets||**643,380**||**630,491**|
||||||
||||||
|**Represented by:**|||||
|Funds|||||
|Restricted Funds|5|152,004||147,350|
|Unrestricted Funds|6|292,727||284,492|
|Revaluation Reserve||198,649||198,649|
|||**643,380**||**630,491**|
Approved at the Annual Parochial Church Meeting held on Sunday 26[th] March 2023 and signed on their behalf by:
## **Reverend Matthew Street**
The notes on pages 9 to 11 form an integral part of these accounts.
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**THE PAROCHIAL CHIRCH COUNCIL OF THE** _**ECCLESIASTICAL PARISH OF PEASEDOWN ST JOHN**_ **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
## 1. **ACCOUNTING POLICIES**
The principal accounting policies are summarised below.
## (a) **Basis of accounting**
The financial statements have been prepared on a cash basis and have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities issued in 2015 and applicable UK Accounting Standards and the Charities Act 2011.
- (b) **Fund accounting**
Unrestricted funds are available for use at the discretion of the Trustees in the furtherance of the general objects of The Charity.
Restricted funds are to be used for specific purposes as specified by the donor.
(c) **Incoming resources** All incoming resources are included in the Statement of Financial Activities when The Charity receives the cash into the bank accounts.
Investment income is included when actually received.
- (d) **Resources expended**
Expenditure is recognised on a cash basis as a liability is incurred.
## **(e) Tangible fixed assets and depreciation**
Tangible assets are stated at cost. No depreciation is attributed:
|**2. VOLUNTARY INCOME**|**Unrestricted**|**Restricted**|**Total**|**Total**|
|---|---|---|---|---|
||||**2,022**|**2,021**|
||**£**|**£**|**£**||
|Planned Giving under gift aid|65,603|0|65,603|59,606|
|Planned giving not under gift aid|18,019|0|18,019|14,575|
|Collection under gift aid|0|0|0|1,675|
|Collections not under gift aid|3,621|0|3,621|1,372|
|Loose collections in services|1,903|0|1,903|197|
|Carlingcott donations|0|0|0|1,350|
|Legacies and major grants / donations|0|0|0|0|
|Income tax Recoverable|16,478|0|16,478|15,857|
||||||
||**105,623**|**0**|**105,623**|**94,633**|
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**THE PAROCHIAL CHIRCH COUNCIL OF THE** _**ECCLESIASTICAL PARISH OF PEASEDOWN ST JOHN**_ **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
**----- Start of picture text -----**
3. COSTS OF CHARITABLE ACTIVITIES
2022 2021
£ £
Grants 9,312 9,270
Parish Share 37,574 33,753
Staffing 43,713 41,071
Services Expenses 1,068 4,762
Outreach and Mission 111,297 91,091
Buildings and Grounds 18,979 19,506
Establishment 1,179 1,901
Miscellaneous and Other 40,970 34,463
Friends of Foxcote 2,333 0
266,423 235,817
**----- End of picture text -----**
**----- Start of picture text -----**
Statement of assets and liabilities as at 31 December 2022
Unrestricted Restricted Total All funds
2022 2022 2022 2021
£ £ £ £
Cash Funds under control of the PCC
Current account 4,600 2,357 6,956 6,279
Carlincott account 1,823 1,823 1,823
Alison Coles CBF fund 0 15,315 15,315 0
CBF deposit 38,443 38,443 44,876
TOTAL Cash Funds 44,866 17,672 62,538 52,979
Other accounts associated with PCC
Movement 0 26,054 26,054 32,279
Food bank 0 47,928 47,928 32,829
The Hive 0 67,240 67,240 67,342
Friends of Foxcote 63 8,426 8,489 0
Total associated funds 63 149,647 149,710 132,450
Fixed Assets
Computers 2,539 2,539 2,539
Office equipment 1,834 1,834 1,834
Heating and hot water systems 17,047 17,047 17,047
Sound systems 7,126 7,126 7,126
Storage shed 1,504 1,504 1,504
Church hall fixtures 4,990 4,990 4,990
Property 396,000 396,000 197,351
Total Fixed Assets 431,040 0 431,040 232,391
Non cash assets and liabilities
credit card and pensions control (773) (773) (258)
account receivable 864 864 1,931
stripe control account 0 0 132
Total Liabilities 92 0 92 1,805
TOTAL ASSETS EMPLOYED 476,061 167,319 643,380 419,624
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**THE PAROCHIAL CHIRCH COUNCIL OF THE** _**ECCLESIASTICAL PARISH OF PEASEDOWN ST JOHN**_ **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
**----- Start of picture text -----**
Changes in
5. RESTRICTED FUNDS Balance at year Balance at
01.01.22 31.12.22
£ £ £
Hardship fund 225 1,000 1,225
Sanctuary 1,132 0 1,132
Food Bank 36,863 11,064 47,928
Movement 35,010 (8,956) 26,054
The Hive account 74,120 (6,880) 67,240
Friends of Foxcote 2,158 6,268 8,426
149,508 2,496 152,004
**----- End of picture text -----**
**----- Start of picture text -----**
6. ANALYSIS OF FUNDS Unrestricted Restricted Total funds
2,022
Fixed Assets 431,040 0 431,040
Investments 0 15,315 15,315
Current Assets 45,794 152,004 197,797
Current Liabilities (773) 0 (773)
476,061 167,319 643,380
**----- End of picture text -----**
## **7. PCC MEMBERS WHO ARE TRUSTEES’ REMUNERATION, EXPENSES AND TRANSACTIONS**
The PCC members who are also Trustees did not receive any remuneration for their role as Trustees and were not reimbursed for any expenses incurred in carrying out their duties as Trustees.
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**THE PAROCHIAL CHIRCH COUNCIL OF THE** _**ECCLESIASTICAL PARISH OF PEASEDOWN ST JOHN**_ **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
## **Appendix 1**
## **Membership of the Parochial Church Council**
**Clergy** Rev Matthew Street
Incumbent from January 2005
## **Church Wardens**
Nigel Vening Joy Fraser
(elected 2022 for a 1 year term to 2023) (elected 2022 for a 1 year term to 2023)
**PCC Member** s
Catherine Aherne Ben Attenborough Sarah Bubyer Margaret Coles Sally Cummings Bob Goode Heather Morgan Ed Pope Mary Warren
(elected 2020 for a 3 year term to 2023) (elected 2020 for a 3 year term to 2023) (elected 2020 for a 3 year term to 2023) (elected 2022 for a 3 year term to 2025) (elected 2021 for a 3 year term to 2024) (elected 2022 for a 3 year term to 2025) (elected 2021 for a 3 year term to 2024) (elected 2020 for a 3 year term to 2023) (elected 2021 for a 3 year term to 2024)
## **Deanery Synod Members**
Jo Vening Jane Street
(elected 2020 for a 3 year term to 2023) (elected 2020 for a 3 year term to 2023)
**PCC Secretary** Jo Vening
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