## **2022 Financial Review** 

This review has been completed in accordance with the example Report and Accounts for the Parochial Church Council provided by the Diocese of Bath & Wells, and the example on the Charity Commission website. 

The Church has had a difficult year in 2022 returning a deficit of £13,193, mainly due to significant costs in repairing the church organ.  Receipts for unrestricted funds totalled £49,876, of which £47,861 was from unrestricted voluntary donations and fund-raising activities including tax recoverable on gift aid (£6,597).  Restricted donations of £3,898 and a grant of £10,000 towards the Roof Appeal brings total income to £63,774 for 2022.  The total income in 2021 was £52,838, the increase is mainly accounted for by the grant. 

£76,968 was spent from funds to provide Christian Ministry from St Peter & St Paul’s Church including a £24,400 contribution to the diocesan parish share.  This contribution returned to a higher level following a reduction in 2021 through the pandemic.  Total expenditure in 2021 was £52,227, the increase in 2022 was mainly due to £21,165 being spent from restricted funds on costs including the organ repair. 

## **Reserves** 

The net result for the year was an excess of expenditure over income of £5,926 for unrestricted funds leaving the General Fund with a balance of £11,586. 

Designated funds for re-ordering at year-end are £45,001.  £50,000 was moved in to the Roof Appeal which stands at £63,662.  Other restricted funds total £9,187 after legacy funds were used towards to organ repair. 

Overall reserves have decreased from £142,631 to £129,437. 

The Balance Sheet and Analysis of Income and Expenditure for the year are included. 

## _Phil Thomas_ 

Treasurer 



## **St. Peter and St. Paul Church, Wincanton - X 92418 0 581** 

## **Balance Sheet detailed** 

||**31/12/2022**<br>**31/12/2021**<br>**As at**<br>**As at**|
|---|---|
|**Current assets**<br>6501<br>Bank current account<br>6505<br>Bank deposit account<br>6510<br>CCLA (CBF) deposit account<br>6511<br>CBF Appeals account<br>6512<br>CBF Fabric account<br>6590<br>Cash in hand<br>6591<br>Coventry BS<br>PC2014<br>Petty Cash<br>**Total Current assets**<br>**Liabilities**<br>6699<br>Agency collections<br>**Total Liabilities**<br>**Net Asset surplus (deficit)**<br>**Reserves**<br>Excess / (deficit) to date<br>Z01<br>Starting balances<br>**Total Reserves**|£51,438.52<br>£65,623.40<br>£1,500.35<br>£1,500.35<br>£8,501.57<br>£8,391.20<br>£139.94<br>£138.12<br>£25.34<br>£25.02<br>—<br>—<br>£68,289.75<br>£67,882.46<br>—<br>—<br>**£129,895.47**<br>**£143,560.55**<br>£458.00<br>£929.75<br>**£458.00**<br>**£929.75**<br>**£129,437.47**<br>**£142,630.80**<br>(£13,193.33)<br>—<br>£142,630.80<br>£142,630.80<br>**£129,437.47**<br>**£142,630.80**|



||£11,585.51<br>Unrestricted<br>£17,511.68<br>£45,000.83<br>Designated<br>£95,000.83<br>£72,851.13<br>Restricted<br>£30,118.29<br>—<br>Endowment<br>—<br>**Represented by Funds**<br>**£129,437.47**<br>**£142,630.80**<br>**Total**|
|---|---|



02 April 2023 

Page 1 



## **St. Peter and St. Paul Church, Wincanton - X 92418 0 581** 

## **Analysis of income and expenditure** 

## **Period: 01 January 2022 to 31 December 2022** 

|||||||**Total**|
|---|---|---|---|---|---|---|
||**Unrestricted**|**Designated**|**Restricted**|**Endowment**|**This year**|**Last year**|
|**Incoming resources**|||||||
|**_Incoming resources from generated funds_**|||||||
|**Voluntary income**|||||||
|0101 - Gift Aid - Bank|£23,756.78|—|£140.00|—|£23,896.78|£24,497.63|
|0110 - Gift Aid - Envelopes|£664.58|—|—|—|£664.58|£1,302.50|
|0201 - Other planned giving|£120.00|—|—|—|£120.00|£220.00|
|0301 - Loose plate collections|£1,982.11|—|—|—|£1,982.11|£634.15|
|0401 - Regular gift days|£25.00|—|—|—|£25.00|—|
|0410 - Giving through church boxes|£160.00|—|£270.00|—|£430.00|£40.00|
|0550 - Donations appeals etc|£1,276.48|—|£3,428.07|—|£4,704.55|£4,436.23|
|0601 - Tax recoverable on Gift Aid|£6,596.77|—|£60.00|—|£6,656.77|£6,664.91|
|08A1 - Non-recurring one-off grants|£2,371.17|—|£10,000.00|—|£12,371.17|£3,864.01|
|0901 - Other funds generated|£10,908.30|—|—|—|£10,908.30|£6,337.23|
|**Voluntary income Sub-totals**|£47,861.19|—|£13,898.07|—|£61,759.26|£47,996.66|
|**Activities for generating funds**|||||||
|0910 - Rummage sales etc|—|—|—|—|—|£894.00|
|1240 - Church hall lettings - fund|£170.00|—|—|—|£170.00|£420.00|
|raising|||||||
|**Activities for generating funds**|£170.00|—|—|—|£170.00|£1,314.00|
|**Sub-totals**|||||||
|**Investment income**|||||||
|1020 - Bank and building society|£640.11|—|—|—|£640.11|£1,960.32|
|interest|||||||
|**Investment income Sub-totals**|£640.11|—|—|—|£640.11|£1,960.32|
|**_Incoming resources from_**|£48,671.30|—|£13,898.07|—|£62,569.37|£51,270.98|
|**_generated funds Totals_**|||||||
|**_Incoming resources from charitable activities_**|||||||
|**Incoming resources from charitable**|**activities**||||||
|1101 - Fees for weddings and funerals|£1,205.00|—|—|—|£1,205.00|£1,442.00|
|1230 - Church hall lettings - objectives|—|—|—|—|—|£125.00|
|**Incoming resources from**|£1,205.00|—|—|—|£1,205.00|£1,567.00|
|**charitable activities Sub-totals**|||||||
|**_Incoming resources from_**|£1,205.00|—|—|—|£1,205.00|£1,567.00|
|**_charitable activities Totals_**|||||||



02 April 2023 Page 1 



**Total This year Last year** 

**Unrestricted** 

**Designated** 

**Restricted** 

**Endowment** 

— — **Incoming resources** £49,876.30 £13,898.07 £63,774.37 £52,837.98 **Grand totals** 

## **Resources used** 

|**Resources used**|||||||
|---|---|---|---|---|---|---|
|**_Cost of generating funds_**|||||||
|**Cost of generating voluntary income**|||||||
|1710 - Costs of applying for grants|£1,675.57|—|—|—|£1,675.57|—|
|1730 - Costs of fetes & other events|£166.75|—|—|—|£166.75|£57.29|
|**Cost of generating voluntary**|£1,842.32|—|—|—|£1,842.32|£57.29|
|**income Sub-totals**|||||||
|**_Cost of generating funds_**|£1,842.32|—|—|—|£1,842.32|£57.29|
|**_Totals_**|||||||
|**_Charitable activities_**|||||||
|**Charitable activities**|||||||
|1801 - Giving to missionary societies|£190.17|—|—|—|£190.17|—|
|1850 - Home mission|£202.75|—|—|—|£202.75|£716.18|
|1870 - Secular charities|£80.00|—|—|—|£80.00|£50.00|
|1910 - Ministry parish share etc|£24,399.68|—|—|—|£24,399.68|£14,654.00|
|2050 - Salary of parish administrator|£7,225.12|—|—|—|£7,225.12|£6,879.81|
|2101 - Working expenses of|£2,300.43|—|—|—|£2,300.43|£1,745.49|
|incumbent|||||||
|2301 - Church running - insurance|£3,333.50|—|—|—|£3,333.50|£3,174.38|
|2320 - Organ / piano tuning|£227.70|—|£120.00|—|£347.70|£371.60|
|2330 - Church maintenance|£2,687.98|—|£2,217.48|—|£4,905.46|£14,083.28|
|2340 - Upkeep of services|£4,728.14|—|£36.98|—|£4,765.12|£2,455.49|
|2350 - Upkeep of churchyard|—|—|—|—|—|£16.00|
|2360 - Administration|£5,892.52|—|£790.77|—|£6,683.29|£6,644.79|
|2370 - Visiting speakers / locums|£277.10|—|—|—|£277.10|£42.80|
|2401 - Church running - electric|£1,351.37|—|—|—|£1,351.37|£707.11|
|2410 - Church running - gas|£978.95|—|—|—|£978.95|£546.30|
|2420 - Church running - water|£84.74|—|—|—|£84.74|£82.42|
|2820 - Hall + major repairs -|—|—|£18,000.00|—|£18,000.00|—|
|installation|||||||
|**Charitable activities Sub-totals**|£53,960.15|—|£21,165.23|—|£75,125.38|£52,169.65|
|**_Charitable activities Totals_**|£53,960.15|—|£21,165.23|—|£75,125.38|£52,169.65|
|**Resources used**|£55,802.47|—|£21,165.23|—|£76,967.70|£52,226.94|
|**Grand totals**|||||||



02 April 2023 Page 2 



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