# **Annual Report and Financial Statements of the Parochial Church Council of Christ Church, Stone**
**For the year ended 31[st] December 2022**
**Charity Commission no. 1156528**
_Page 1_
## **The Parochial Church Council of Christ Church, Stone Trustees’ Annual Report for the year ended 31[st] December 2022** _**Charity registration number: 1156528**_
## **Objectives and Activities**
The Parochial Church Council of Christ Church, Stone (the PCC) has the responsibility of co-operating with the incumbent, the Reverend Paul Kingman, in promoting in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelical, social and ecumenical. The PCC is also spiritually responsible for the maintenance of the church.
The PCC is committed to enabling as many people as possible to worship at our church and to become part of our parish community at Christ Church. The PCC maintains an overview of worship throughout the parish and makes suggestions on how our services can involve the many groups that live within our parish. Our services and worship put faith into practice through prayer, scripture, music and sacrament. Also, through non-sacramental activities of hospitality and fellowship we aim to reach non churched members of the community.
## **Public Benefit**
The trustees of the PCC are aware of the Charity Commission’s guidance on public benefit in The Advancement of Religion for the Public Benefit and have had regard to it in their administration of the Charity. The trustees believe that, by promoting the work of the Church of England in the Ecclesiastical Parish of Stone it helps to promote the whole mission of the Church (pastoral, evangelistic, social and ecumenical) more effectively, within the Ecclesiastical Parish, and that in doing so it provides a benefit to the public by:
- Providing facilities for public worship, pastoral care and spiritual, moral and intellectual development, both for its members and for anyone who wishes to benefit from what the Church offers; and
- Promoting Christian values and service by members of the Church in and to their communities, to the benefit of individuals and society as a whole.
## **Reference and Administrative details**
## **Charity Name:**
Christ Church. Christ Church Parish Office Christchurch Way Stone Staffs ST15 8ZB Registered charity number 1156528
_Page 2_
PCC members who have served from 1[st] January 2021 until the date this report was approved were **:**
**INCUMBENT** : Revd Paul Kingman (as from Sept 2003) PCC Chair **Children and Families Worker:** Peter Cuthbert (since September 2019) **Wardens:** Peter Mason, David Beauchamp **Deputy Wardens:** Philip Tunstall; Andrew Stone Readers: David Bell, David Rowlands, Michael Thompson, Helen
Bowes; Christine Pentland. **Gift Aid Secretary** Steven Taylor
## **Elected members:**
Mrs S Sanders, Mr P Kelly (serving one more year) Mr P Tunstall, Mr A Stone, Mrs D Aspey, Mrs E Mason (serving for two more years) Mrs E Woodhead, Mrs M Hillman, Mrs S. Hallam, Mrs J. Abrahams Mrs L. BakkerCollier, Mr G Williams, (elected to serve 3 more years).
**Deanery Synod members** Mrs H Bowes, Mr D Rowlands
## **Retired Clergy in active ministry 2022/2023**
Rev Preb Gerald Gardiner Rev Preb Roger Vaughan Rev Alan Betts Ven Ray Pentland
## **Bank**
NatWest Bank. 41 Greengate Street Stafford Staffs ST16 2JA
## **Independent Examiner:**
Lichfield Diocesan Board of Finance St Mary’s House The Close Lichfield WS13 7LD Telephone: 01543 306054
## **Incumbent:**
Revd Paul Kingman
## **Structure, Governance and Management**
_Page 3_
The PCC is a Body Corporate established by the Church of England and is a Charity no. 1156528 registered with the Charity Commission. The PCC is governed by the Parochial Church Council Powers Measure (1956) as amended that came into effect on 2[nd] January 1957, and the Church Representation Rules (contained in Schedule 3 to the Synodical Government Measure 1969 as amended).
PCC members are elected by existing members on a rolling 3-year basis. The Council comprises the Incumbent, the Churchwardens, a representative of the Readers, those elected to the Deanery Synod, and other members who are elected at the Annual Parochial Church Meeting, by those on the Electoral Roll. For PCC members, a service is held including an induction prayer for those newly elected. Training is acquired through attending the PCC meetings, no individual responsibilities are given to those newly elected. Members of the congregation are always urged to join the Electoral Roll, and to stand for election to the PCC.
The PCC members are responsible for making decisions on all matters of general concern and importance in the parish, and for all financial matters. The PCC meet 4 times a year. [Given its responsibilities, the PCC has a number of sub committees, each dealing with a particular aspect of parish life. These include Worship, Mission and Outreach, Buildings and Finance and Youth Work. Each reports back to the PCC with the minutes of their meetings.]
## **Sub-Committees:**
Mission Task Group – Shelagh Hawley Pastoral Care Task Group – Rev Paul Kingman House Group – Dr D. Bell House Group – Mr P. Mason House Group – Dr S. Kingman House Group – Gill Latos House Group – Chris Nix House Group – Estella Woodhead
## **Reserves Policy**
It is PCC policy to try to maintain a balance on free reserves (net current assets) which equates to at least three months unrestricted payments. This is equivalent to £21,755 (2021 £19,368). It is held to smooth out fluctuations in cash flow and to meet emergencies. The balance of the free reserves at the year end was £15,826 (2021 £141,254) which is lower than this target. The PCC have designated the legacies received during 2022, and this has led to the reduction of free reserves, as this figure doesn’t include designated funds.
## **Safeguarding**
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The PCC believe they have fulfilled their duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to have due regard to House of Bishops’ guidance on safeguarding children and vulnerable adults).
## **Reporting Serious Incidents**
A Serious Incident is an adverse event, whether actual or alleged, which results in or risks significant harm to the charity’s beneficiaries, employees, office holders, volunteers or to others who come into contact with the charity through its work, loss of the charity’s money or assets, damage to the charity’s property or harm to the charity’s work or reputation.
The trustees are not aware of any Serious Incidents in the last year
## **Related Parties**
## **Donations from Related Parties**
Donations from related parties during the year totalled £9.968. All these donations were received without conditions.
## **Remuneration paid to Trustees**
None of the trustees have been paid any remuneration or received any other benefits from employment with the PCC.
## **Expenses paid to Trustees**
Only trustee to receive remuneration was the incumbent – see accounts for details.
## **Risk Management**
The Church Wardens carry out regular Health and Safety Reviews and regularly inspect premises for potential hazards. We have safeguarding policies in place for child protection and for work with vulnerable adults, including rigorous DBS checking of staff and volunteers. Our insurances are reviewed annually to ensure adequate cover. An informal review of any new risks which may impact the work of the Church in the Parish is ongoing.
## **PARISH PROFILE & MISSION ACTION PLAN** ( _updated for April 2019_ )
## **The United Benefice of Christ Church Stone & Oulton with Moddershall, Staffordshire, in the Diocese of Lichfield.**
**INCUMBENT** : Revd Paul Kingman (from Sept 2003). Children and Families Worker: Peter Cuthbert (since September 2019). Wardens: David Beauchamp and Pete Mason (CC, Stone); Simon Hodgkinson and Ruth Wilson (O with M).
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Deputy Wardens: Philip Tunstall and Andy Stone (CC, Stone); John Beamond (OwM); Andrew Plant (OwM). Readers: David Bell, Helen Bowes, David Rowlands, Christine Pentland.
## **THE PARISH SETTING** :
The United Benefice covers the northern part of the town of Stone plus two villages to the northeast. The population of Stone is 17,278 (Census 2021) and rising due to house developments. It was formerly a market town, but now known as a Canal Town and has two industrial parks for businesses. The parish has a total population ca. 5,203 [Stone 4,223 Oulton 800; Moddershall 180] and _aSa_ of 76, 19 and 6 respectively.? Have kept this the same as they did not do a statistics calculator for 2020! More recently the town has seen the building of new retail outlets, a new leisure centre, the current development of the canal wharf with the addition of a theatre. A train service provides a link to Stafford, Birmingham, Stoke on Trent and Crewe.
## **THE CHURCHES**
**Ecclesiastical Tradition** : the benefice of two parishes is in the gift of The Simeon’s Trust and so has had an Anglican evangelical ministry since its establishment – with an emphasis on shaping the church’s life and ministry according to the Holy Bible and worshipping the Lord and Saviour Jesus Christ. The two village churches are more traditional in style but share the same Patron. In 1989 a joint Benefice was formed and continues to be one today.
_“Almighty and everlasting God, who by thy holy servant, Charles Simeon, didst mould the lives of many that they might go forth and teach others also; mercifully grant that as through evil report and good report he ceased not to preach thy saving Word, so we may never be ashamed of the Gospel of Jesus Christ Our Lord, who with Thee and the Holy Spirit liveth and reigneth one God world without end. Amen”._
[A prayer used in King's College, Cambridge for 13[th] Nov – the date of Charles Simeon's death].
## **Pattern of Sunday Worship** :
Christ Church, Stone: 9.15 a.m. (all CW: 1[st] HC, 2[nd] MP, 3[rd] HC, 4[th] Family 5[th] MP). Oulton: 11.00 a.m. (1[st] HC BCP; 2[nd] MP; 3[rd] HC; 4[th] Family; 5[th] MP). Moddershall: 11.00 a.m. (BCP: 1[st] MP; 2[nd] HC; 3[rd] MP; 4[th ] MP) Evenings 6.00 p.m. which ranges from a standard service to a course, or a meeting.
**Weekday Services** : Tuesday midweek communion; monthly nursing home services at Autumn House and also St Mary’s Home; termly school services.
**Lay involvement** : administration (p/t paid); youth and children groups; children’s Easter Holiday Club; Sunday School; house group leaders; mums & toddlers; luncheon club for elderly (O); development of Mental Health First Aid (MHFA).
**House, Study or Prayer Groups** : Bible study discipleship groups, _Hope Explored_ , Lent courses, _Christianity Explored_ discipleship course; midweek prayer; monthly prayer breakfast.
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**Youth Work** : Tues lunchtime ‘Pursuit’ (CCA Yr 5-8); weekly school assemblies at First and Middle schools; High School assemblies; occasional school visits or extra lessons.
**Children’s work:** Sunday school; annual Holiday Club; Light Party (alternative to Halloween); Pancake Party; Good Friday craft & service for children; Christingle; Parent and Toddler group.
**Areas of co-operation** ( _e.g_ . with other Anglicans or Ecumenical partners): Churches Together in Stone (Anglican, Baptist, URC/M & St Dominic’s RC) cooperate for the Good Friday procession and service; ‘Advent Windows’ and town carols at Christmas; the Week of Prayer for Christian Unity; we support the ‘Stone Community Hub’ and CAP centre for the town.
## **Any other activities or comments:**
We have regular times of outreach to the community. The Vicar was part of the organising the nationwide mission called _A Passion For Life_ (March 2010, 2014, 2018) and the parishes ran events under this banner including a collaborative event with other north Staffs churches at Stoke City FC conference room (2010 with Ken Howells & Rico Tice; 2014 with Robin Oake & Roger Carswell). Other outreach events include ladies outreach events; men’s meals with speakers; a mini-mission with flower festival in 2018.
We have organised ‘ _Advent Windows’_ since 2010 (an Advent display in shop windows involving community groups). We have Governor responsibility for three Church of England Schools and the Vicar is Chair of Trustees for CCA. The Vicar serves on the Diocesan Synod and the Deanery Pastoral Standing Committee. The Benefice is a partner church for the ‘ _Midlands Gospel Partnership’_ (MGP) encouraging mission in the Midlands. We support several Christian mission partners overseas and at home including UCCF.
## **THE INCUMBENT’S AND PCC’S VISION & PRIORITIES FOR THE FUTURE:**
In conjunction with the Diocesan vision for ‘Growing for Growth’ we have adopted a simple framework within which to develop a Bible based ministry. The two PCC’s have agreed to make disciples by pursuing three general aims, to be developed over time: _**1. Nurture**_ of believers: so that we become more like Christ.
_**2. Evangelism**_ : to gather God’s elect into the joy of worship through faith in Jesus Christ.
_**3. Worship**_ of God: to increasingly delight in God’s majesty while giving the whole of our lives God as described in Rom 12v1-2 (fed by nurture and evangelism).
This vision statement is the basis of the _Mission Action Plan_ . Inevitably this will be age-specific in many of our activities, but we endeavour to fulfil our mission irrespective of someone’s age as we share the good news to all, whatever their cultural or religious background. The MAP applies to the Benefice, although we recognise that each of the three churches has their own part to play in order to fulfil these aims.
## **1. Nurture**
We aim to encourage the nurture of our relationship with the Lord Jesus Christ.
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## _**Actions:**_
To faithfully expound the Holy Bible in Sunday services and also in the children’s classes – this will require our prayerful preparation and application so as to make disciples.
To encourage a daily discipline of Bible reading, praise and prayer amongst all congregation members.
We will aim to meet together for study courses during Lent and at other times to grow in our understanding of Biblical truth and how to live as a community of Jesus’ disciples.
We will continue to provide pastoral care for the community through our support and instruction for baptisms, weddings and funerals and at other times as they arise. We will hold events that promote our meeting together, so as to build our identity as a community of faith.
## **2. Evangelism**
In obedience to Jesus’ command to _‘go and make disciples of all nations’_ (Mt 28v1820) we will commit ourselves to the proclamation of the gospel of Jesus Christ.
## _**Actions:**_
We will provide services at the main Festivals such as Harvest, Christmas and Easter as opportunities to bring guests to hear more about the good news of Jesus Christ. We will provide a regular _Christianity Explored_ discipleship course to help to strengthen faith in Jesus Christ and lead to disciples who will also make disciples of others.
We will hold an annual children’s holiday club to draw more children and their families into the life of the church and to encourage them to follow Jesus.
We will resource a children and families worker to oversee our ministry amongst young people as we pray that this will lead to lasting fruit.
We shall maintain our support of Christian mission partners both in the UK and overseas by giving up to 10% of our gross income to the work.
We will endeavour to demonstrate the gospel in action by being good news to the community – by providing Governors so as to promote good schools for the area that uphold the Christian foundation; to explore the development of further ways to support families in the area.
We will aim to encourage the community to partner with us in providing a giant Advent Calendar for Christmas.
## **3. Worship**
We aim to grow in Christ-likeness both in our personal conduct and in our service in the world. This is achieved through being committed to the local church as the body of Christ, to accept pastoral oversight (of the incumbent and all who exercise a leadership role) as a means of encouraging our faith in the Lord Jesus and to promote godly living and service in order to bring honour and glory to His name. We meet on a Sunday to give praise and thanksgiving for the mercies and grace we have received from the Lord; to confess our sins with the intention of not simply showing remorse, but leading to our genuine repentance and change to become more Christ-like; to engage prayerfully with what the Holy Bible teaches us; to remember the death of Christ on the cross as the basis of our being put right with God to which the two sacraments of Baptism and the Lord’s Supper point.
_Page 8_
## _**Actions:**_
We will provide a regular service on a Sunday in each church, as resources will allow, drawing on the best hymns of the past and present that are inspired by the Scriptures. We will provide the opportunity for small groups to meet for the purpose of Bible Study and prayer as a means of discipleship, both in homes and at church.
We aim to have an annual Covenant Service to as an opportunity to remember the sheer privilege of being the people of God and to renew our commitment to the Lord. We will encourage more people to take part in the church prayer gatherings as a demonstration of our reliance on the Lord and desire to do His will.
We will endeavour to take regular services at Autumn House nursing home as our resources allow, providing spiritual care and encouragement in an appropriate way.
## **A SUMMARY OF OUR MISSION ACTION PLAN from 2019.**
Although we have set out the vision in our own terms, we believe that there is a good correspondence with the current Diocesan priorities. For this reason, we have set out below our goals for the next phase utilising the terms of reference: Discipleship, Vocation and Evangelism or the forthcoming period.
## **Table: MAP Summary (using Diocese of Lichfield’s framework):**
|**Primary purpose**|**Actions for 2019 onwards**|
|---|---|
|**_Discipleship_**
_-growing up_|1. To hold regular Sunday services for corporate the worship of God.
2. Provide resources for personal Bible reading & prayer.
3. To hold an annual Lent course in order to deepen our discipleship.
4. To encourage adults and young people to attend Christian conventions
and summer ventures as times of celebration, refreshment and growth.
5. To partner with the Midlands Gospel Partnership as a means of resourcing
and reaching the Midlands with gospel workers.
6. Promote prayer gatherings: weekly and monthly.
7. To provide age-appropriate home groups and life-long Christian learning
andprayer in smallgroups.|
|**_Vocation_**
_- growing more_|1. Encourage the congregations to live as the family of God and to
demonstrate this in everyday life at home, work and in the community.
2. Provide nursing home services so as to afirm the vocation of the elderly
and infrm in their own sphere of mission.
3. To support our schools by providing foundation Governors and regular
acts of worship, in order to serve God through expressing the gospel in
action and bless others.
4. To provide lay pastoral care for those who grieve, together with an annual
memorial service as a support for the bereaved.
5. To develop an understanding that the workplace is our_‘front line’_i.e. that
it is key area to work out our discipleship and service of God.
6. To care for people’s wellbeing through hospital volunteer chaplaincy to
and alsolocally to provideMental Health FirstAid (MHFA).|
|**_Evangelism_**
_- growing out_|1. To preach the gospel in season and out of season, bringing the call and
the challenge of discipleship to the world, through the spoken word, written
materials and our social media.
2. To make the main festivals such as Harvest, Christmas and Easter regular
opportunities for outreach.
3. To provide regular_‘Hope Explored’_and_‘Christianity Explored’_enquirer’s
courses and outreach events,in order to spread thegood news ofJesus|
_Page 9_
Christ.
4. To run _‘Advent windows’_ in partnership with town & community groups, so as to engage people with Christmas.
5. To practise generosity and extend God’s mission by aspiring to give 10% of our gross income to Christian mission (5% min).
6. To hold an annual children’s holiday club to bring the good news to the next generation.
Financial details available in the audited accounts as submitted to LDBF (appointed as Independent Examiners) – February 2023.
Approved by the PCC in March 2023 and signed on its behalf by:
_Page 10_
## **Independent Examiner’s report to the trustees/members of The PCC of Christ Church, Stone** Registered charity number: 1156528
I report on the accounts for the year ended 31[st] December 2022 which are set out on the following pages.
## **Respective responsibilities of the Trustees and Independent Examiner**
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under Section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility
- to examine the accounts under section 145 of the Charities Act,
- to follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
- to state whether particular matters have come to my attention.
## **Basis of Independent Examiner's Statement**
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair” view, and the report is limited to those matters set out in the statement below.
## **Independent Examiner's Statement**
In connection with my examination, no material matters have come to my attention which gives me cause to believe that in any material respect:
- accounting records were not kept in accordance with section 130 of the Charities Act or
- the accounts do not accord with the with the accounting records
- the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
_Page 11_
&gned..
loDathan Hill FCMA CGMA
Lichfield Diocesan Board of Finance
Sl Marys House. The Ck)se. Lichfield. W513 7LD
Date..
Page 12
## **Christ Church, Stone PCC Financial Statements for the year ended 31 December 2022**
## **Statement of Financial Activities**
||**Unrestricted**
**Designated**
**Restricted Endowment**
**Total**
**Prior year**
**funds**
**funds**
**funds**
**funds**
**funds**
**total funds**|
|---|---|
|**Income and endowments from:**
Donations and legacies
Income from charitable activities
Other trading activities
Investments
Other income
**Total income**
**Expenditure on:**
Raising funds
Expenditure on charitable activities
**Total expenditure**
**Net income / (expenditure) resources before**
**transfer**
**Transfers**
Gross transfers between funds - in
Gross transfers between funds - out
**Other recognised gains / losses**
Gains / losses on investment assets
Gains on revaluation, fixed assets, charity's own
use
**Net movement in funds**
**Total funds brought forward**
**Total funds carried forward**
**Represented by**
**Unrestricted**
General fund
**Designated**
Cecilia Wilding Legacy Designated Fund
Irene Gassor Legacy Designated Fund
**Restricted**
Development Fund
Gertrude Pickering Fund
Rock Youth Ministry|77,379
—
14,373
—
91,753
170,484
12,602
—
—
—
12,602
6,130
2,246
—
—
—
2,246
1,161
72
—
1
—
72
64
—
—
—
—
—
170|
||**92,300**
**—**
**14,374**
**—**
**106,674**
**178,009**
1,767
—
—
—
1,767
1,005
85,253
10,016
5,345
—
100,614
86,056|
||**87,020**
**10,016**
**5,345**
**—**
**102,381**
**87,061**|
||**5,280**
**(10,016)**
**9,028**
**—**
**4,293**
**90,948**
1
130,708
—
—
130,709
45,230
(130,708)
—
(1)
—
(130,709)
(45,230)
—
—
—
—
—
(162)
—
—
(306)
—
(306)
—|
||**(125,427)**
**120,692**
**8,722**
**—**
**3,3987**
**90,787**|
||**141,254**
**—**
**55,513**
**—**
**196,767**
**105,980**|
||**15,826**
**120,692**
**64,235**
**—**
**200,753**
**196,767**
15,826
—
—
—
15,826
141,254
—
36,784
—
—
36,784
—
—
83,909
—
—
83,909
—
—
—
11,722
—
11,722
11,722
—
—
1,971
—
1,971
2,277
—
—
50,541
—
50,541
41,514|
_Page 13_
## **Christ Church, Stone PCC Financial Statements for the year ended 31 December 2022**
## **Balance sheet**
||**Total funds**
**Prior year funds**|
|---|---|
|**Fixed assets**
Tangible assets
**Current assets**
Cash at bank and in hand
**Liabilities**
Creditors: Amounts falling due in one year
**Net current assets less current liabilities**
**Total assets less current liabilities**
**Total net assets less liabilities**
**Represented by**
**Unrestricted**
General fund
**Designated**
Irene Gassor Legacy Designated Fund
Cecilia Wilding Legacy Designated Fund
**Restricted**
Development Fund
Gertrude Pickering Fund
Rock Youth Ministry
**Funds of the church**|1,971
2,277|
||**1,971**
**2,277**
199,745
195,785|
||**199,745**
**195,785**
964
1,295|
||**964**
**1,295**|
||**198,781**
**194,490**|
||**200,753**
**196,767**|
||**200,753**
**196,767**
15,826
141,254
83,909
—
36,784
—
11,722
11,722
1,971
2,277
50,541
41,514|
||**200,753**
**196,767**|
_Page 14_
## **Christ Church, Stone PCC Financial Statements for the year ended 31 December 2022**
## **Accounting Policies**
The PCC is a public benefit entity within the meaning of FRS 102. 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. They have also been prepared in accordance with the Charities SORP (FRS 102).
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are informal gatherings of Church members.
There may be minor discrepancies in the totals as the pence are not being shown.
## **Cashflow Statement**
The Charity has taken advantage of the exemption in FRS102 from the requirement to produce a Cash flow statement on the grounds that the income does not exceed £500,000.
## **Going Concern**
There are no material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern.
## **Accounting Estimates and Prior Year Errors**
No changes to accounting estimates have occurred in the reporting period. No material prior year errors have been identified in the reporting period.
## **Description of Funds**
**Unrestricted funds** are 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 and which are therefore not included in its "free reserves" as disclosed in the trustees' annual report. **Restricted funds** comprise of two elements:
a) income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest
b) donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of each year must be carried forward as a balance on that fund. The PCC does not usually invest separately for each fund. Where there is no separate investment, interest is apportioned to individual funds on an average balance basis.
**Endowment funds** are restricted funds that must be retained as trust capital either permanently or subject to a discretionary power to spend capital as income, and where the use of any income or other benefit derived from the capital may be restricted or unrestricted. Full details of all their restrictions are shown in the notes to the accounts.
_Page 15_
## **Accounting Policies continued**
## **Income**
Planned giving, collections and donations are recognised when received or when the PCC becomes entitled to the resource and the monetary value can be measured with sufficient reliability. Tax refunds are recognised when the incoming resource to which they relate is received. Grants and Legacies are accounted for when the PCC is legally entitled to the amounts due and the monetary value can be measured with sufficient reliability. Dividends are accounted for when receivable, interest is accrued. All other income is recognised when it is receivable. All incoming resources are accounted for gross.
## **Expenditure**
Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC. The diocesan parish share is accounted for when due. Amounts
received specifically for mission are dealt with as restricted funds. All other expenditure is generally recognised when it is incurred and is accounted for gross.
## **Governance and Support Costs**
Support costs should be allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the PCC and its compliance with regulation and good practice.
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources eg by allocating staff costs by time spent and other costs by their usage.
## **Fixed Assets**
Consecrated and benefice property is not included in the accounts by s.10(2)(a)&(C) of the Charities Act 2011.
Moveable church furnishings held by the Vicar and Churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the Church’s inventory, which can be inspected (at any reasonable time). For anything acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements.
No depreciation is provided on buildings as the currently estimated residual value of the properties is not less than their carrying value and the remaining useful life of these assets exceeds 50 years, so that any depreciation charges would be immaterial.
## **Investments**
Investments in quoted shares, traded bonds and similar investments are valued initially at cost and subsequently at market value at the year end. Investments held for re-sale are treated as current asset investments.
## **Debtors**
_Page 16_
Debtors are measured on initial recognition at settlement amount. Subsequently they are measured at cash expected to be received.
## **Creditors and Accruals**
Creditors are measured at settlement amounts less any trade discounts. Accruals are measured on best estimate of the amount required to settle the obligation at the reporting date.
## **Christ Church, Stone PCC Financial Statements for the year ended 31 December 2022**
## **Fund movement by type - 2022**
||**Opening**
**Incoming**
**Outgoing**
**Transfers Gains/losses**
**Closing**|
|---|---|
|**DEVELOP - Development Fund**
Restricted
**Sub-total for DEVELOP**
**Gassor Leg - Irene Gassor Legacy**
Designated
**Sub-total for Gassor Leg**
**Gertrude - Gertrude Pickering F**
Restricted
**Sub-total for Gertrude**
**Rock - Rock Youth Ministry**
Restricted
**Sub-total for Rock**
**Wilding Le - Cecilia Wilding Lega**
Designated
**Sub-total for Wilding Le**
**General - General fund**
Unrestricted
**Sub-total for General**
**Grand total**|11,722
—
—
—
—
11,722|
||**11,722**
**—**
**—**
**—**
**—**
**11,722**
—
—
1,569
85,478
—
83,909|
||**—**
**—**
**1,569**
**85,478**
**—**
**83,909**
2,277
—
—
—
(306)
1,971|
||**2,277**
**—**
**—**
**—**
**(306)**
**1,971**
41,514
14,374
5,345
(1)
—
50,541|
||**41,514**
**14,374**
**5,345**
**(1)**
**—**
**50,541**
—
—
8,447
45,231
—
36,784|
||**—**
**—**
**8,447**
**45,231**
**—**
**36,784**
141,254
92,300
87,020
(130,708)
—
15,826|
||**141,254**
**92,300**
**87,020**
**(130,708)**
**—**
**15,826**|
||**196,767**
**106,674**
**102,381**
**—**
**(306)**
**200,753**|
## **Fund movement by type - 2021**
||**Opening**
**Incoming**
**Outgoing**
**Transfers Gains/losses**
**Closing**|
|---|---|
|**DEVELOP - Development Fund**
Restricted
**Sub-total for DEVELOP**
**Gertrude - Gertrude Pickering F**
Restricted
**Sub-total for Gertrude**
**Rock - Rock Youth Ministry**
Restricted
**Sub-total for Rock**
**General - General fund**
Unrestricted
**Sub-total for General**
**Grand total**|11,722
—
—
—
—
11,722|
||**11,722**
**—**
**—**
**—**
**—**
**11,722**
2,439
—
—
—
(162)
2,277|
||**2,439**
**—**
**—**
**—**
**(162)**
**2,277**
33,402
17,699
9,588
—
—
41,514|
||**33,402**
**17,699**
**9,588**
**—**
**—**
**41,514**
58,417
160,310
77,473
---
—
141,254|
||**58,417**
**160,310**
**77,473**
**--**
**--**
**141,254**|
||**105,980**
**178,009**
**87,061**
**—**
**(162)**
**196,767**|
_Page 17_
## **Christ Church, Stone PCC Financial Statements for the year ended 31 December 2022**
## **Analysis of income and expenditure**
|**Total**
**Unrestricted**
**Designated**
**Restricted**
**Endowment**
**This year**
**Last year**
**INCOME AND ENDOWMENTS**
**Donations and legacies**
Gift Aid - Bank
44,555
—
—
—
44,555
38,471
Gift Aid - Envelopes
2,246
—
—
—
2,246
1,657
Other planned giving
5,976
—
10,978
—
16,954
19,757
Loose plate collections
2,169
—
—
—
2,169
899
One-off Gift Aid gifts
1,600
—
1,600
—
3,200
5,130
Donations appeals etc
370
—
—
—
370
4,180
Tax recoverable on Gift Aid
1,189
—
1,361
—
2,551
—
Legacies
11,799
—
—
—
11,799
76,527
Non-recurring one-off grants
3,200
—
—
—
3,200
17,669
Other funds generated
4,275
—
434
—
4,709
2,793
Total
77,379
—
14,373
—
91,753
170,484
**Income from charitable activities**
Fees for weddings and funerals
2,101
—
—
—
2,101
2,114
Bookstall sales
777
—
—
—
777
551
Church hall lettings
9,724
—
—
—
9,724
3,465
Total
12,602
—
—
—
12,602
6,130
**Other trading activities**
Rummage sales & events
992
—
—
—
992
950
Magazine income from advertising
420
—
—
—
420
197
Parish magazine sales
835
—
—
—
835
14
Total
2,246
—
—
—
2,246
1,161
**Investments**
Bank and building society interest
72
—
1
—
72
64
Total
72
—
1
—
72
64
**Other income**
Insurance claims
—
—
—
—
—
170
Total
—
—
—
—
—
170|**Total**
**Unrestricted**
**Designated**
**Restricted**
**Endowment**
**This year**
**Last year**
**INCOME AND ENDOWMENTS**
**Donations and legacies**
Gift Aid - Bank
44,555
—
—
—
44,555
38,471
Gift Aid - Envelopes
2,246
—
—
—
2,246
1,657
Other planned giving
5,976
—
10,978
—
16,954
19,757
Loose plate collections
2,169
—
—
—
2,169
899
One-off Gift Aid gifts
1,600
—
1,600
—
3,200
5,130
Donations appeals etc
370
—
—
—
370
4,180
Tax recoverable on Gift Aid
1,189
—
1,361
—
2,551
—
Legacies
11,799
—
—
—
11,799
76,527
Non-recurring one-off grants
3,200
—
—
—
3,200
17,669
Other funds generated
4,275
—
434
—
4,709
2,793
Total
77,379
—
14,373
—
91,753
170,484
**Income from charitable activities**
Fees for weddings and funerals
2,101
—
—
—
2,101
2,114
Bookstall sales
777
—
—
—
777
551
Church hall lettings
9,724
—
—
—
9,724
3,465
Total
12,602
—
—
—
12,602
6,130
**Other trading activities**
Rummage sales & events
992
—
—
—
992
950
Magazine income from advertising
420
—
—
—
420
197
Parish magazine sales
835
—
—
—
835
14
Total
2,246
—
—
—
2,246
1,161
**Investments**
Bank and building society interest
72
—
1
—
72
64
Total
72
—
1
—
72
64
**Other income**
Insurance claims
—
—
—
—
—
170
Total
—
—
—
—
—
170|
|---|---|
||77,379
—
14,373
—
91,753
170,484
2,101
—
—
—
2,101
2,114
777
—
—
—
777
551
9,724
—
—
—
9,724
3,465|
||12,602
—
—
—
12,602
6,130
992
—
—
—
992
950
420
—
—
—
420
197
835
—
—
—
835
14|
||2,246
—
—
—
2,246
1,161
72
—
1
—
72
64|
||72
—
1
—
72
64
—
—
—
—
—
170|
||—
—
—
—
—
170|
|**INCOME TOTAL**|92,300
—
14,374
—
106,674
178,009|
_Page 18_
## **Christ Church, Stone PCC Financial Statements for the year ended 31 December 2022 Analysis of income and expenditure**
## **EXPENDITURE**
## **Raising funds**
|Fees paid to fund raisers
—
—
—
—
—
17
Costs of fetes & other events
1,767
—
—
—
1,767
988
Total
1,767
—
—
—
1,767
1,005
**Expenditure on charitable activities**
Charitable giving
4,072
1,500
—
—
5,572
7,809
Home mission
—
—
—
—
—
311
Parish share
Parish share support
41,633
(2,149)
—
---
—
---
—
---
41,633
(2,149)
39,484
(3,290)
Assistant staff costs
7,971
—
5,317
—
13,288
12,463
Salary of parish administrator
5,539
—
—
—
5,539
4,016
Working expenses of incumbent
1,343
—
—
—
1,343
1,543
Vicarage costs
250
—
—
—
250
—
Parish training and mission
—
—
—
—
—
150
Church running - insurance
3,317
—
—
—
3,317
3,047
Church office - telephone
229
—
—
—
229
38
Organ / piano tuning
55
—
—
—
55
—
Church maintenance
1,290
3,500
—
—
4,790
516
Cleaning
1,544
—
—
—
1,544
926
Upkeep of services
757
5,016
—
—
5,773
322
Upkeep of churchyard
510
—
—
—
510
75
Administration
11,794
—
29
—
11,822
6,160
Visiting speakers / locums
—
—
—
—
—
127
Church running - electric
478
—
—
—
478
210
Church running - gas
4,313
—
—
—
4,313
1,407
Church running - water
—
—
—
—
—
80
Bookstall costs
528
—
—
—
528
1,517
Hall running - electricity
1,005
—
—
—
1,005
813
Hall running - gas
174
—
—
—
174
1,337
Hall running - telephone
366
—
—
—
366
416
Hall running - water
233
—
—
—
233
—
Governance costs examination/audit
fee
—
—
—
—
—
175
Hall + interior and exterior decorating
—
—
—
—
—
3,006
Total
85,253
10,016
5,345
—
100,614
86,056|—
—
—
—
—
17
1,767
—
—
—
1,767
988|
|---|---|
||85,253
10,016
5,345
—
100,614
86,056|
|**EXPENDITURE TOTAL**|87,020
10,016
5,345
—
102,381
87,061|
|||
|**GRAND TOTAL**|5,280
(10,016)
9,028
—
4,293
90,948|
_Page 19_
## **Christ Church, Stone PCC Financial Statements for the year ended 31 December 2022**
## **Notes to the Accounts**
## **Staff Costs**
||**2022**|**2021**|
|---|---|---|
||||
|Wages & Salaries|£18,8
27|£16,4
79|
||||
|Average number of
Employees|2|2|
During the year the PCC employed an Administrator, and a Youth Worker. There were no employee benefits to key management personnel in the previous or current year. The PCC use the National Employment Savings Trust [Nest] via the Diocesan Payroll Scheme, for its pension payments.
## **Trustees’ Remuneration & Expenses**
There has been no Trustees remuneration during the year. One Trustee has been reimbursed £ 1,343 (2021 £1,543) for travel, subsistence and phone during the year
## **Related Parties**
No other expenses were paid to any other PCC member, persons closely connected to them or related parties.
Donations from related parties [PCC members] totalled £9,968 (2021 £6,596).
## **Fixed Assets**
a) Tangible Fixed Assets - None
## b) Fixed Asset Investments
|||**At 1**
**Jan**
**£**|**Additi**
**ons**
**£**|**Dispos**
**als**
**£**|**Transf**
**ers**
**£**|**Change**
**in**
**Market**
**Value**
**£**|**At 31**
**Dec**
**£**||
|---|---|---|---|---|---|---|---|---|
||||||||||
_Page 20_
|Restricted
Funds|||||||
|---|---|---|---|---|---|---|
|Gertrude
Pickering|2,277|---|---|---|(306)|1,971|
||||||||
||||||||
|**Total**|**2,277**|**---**|**---**|**---**|**(306)**|**1,971**|
The Charity of Gertrude Pickering, together with the Vicar and Wardens of Christ church, Stone, merged with the Charity of the Parochial Church council of Christ Church Stone. As such, 992 investment units held with CCLA were transferred to the PCC and are held in a restricted fund. The income from this investment is to provide gifts, at or about Christmas, to the sick or poor of the parish.
## **Christ Church, Stone PCC Financial Statements for the year ended 31 December 2022**
## **Statement of assets and liabilities - 2022**
||**General**
**Designated**
**Restricted Endowment**
**This year**
**Last year**|
|---|---|
|**Fixed assets - Tangible assets**
CCLA investment fund - Pickering -
**Totals**
**Current assets - Cash at bank and in hand**
Bank current account -
Rock Youth 6549 -
Rock Youth 0617 -
CBF deposit account -
Petty Cash -
**Totals**
**Liabilities - Agency accounts**
Agency collections -
**Totals**
**Grand total**|—
—
1,971
—
1,971
2,277|
||**—**
**—**
**1,971**
**—**
**1,971**
**2,277**
2,842
120,692
32,299
—
155,833
157,125
6
—
4,104
—
4,109
4,103
12,261
—
26,825
—
39,086
33,849
697
—
—
—
697
687
20
—
—
—
20
20|
||**15,826**
**120,692**
**63,227**
**—**
**199,745**
**195,784**
—
—
964
—
964
1,295|
||**—**
**—**
**964**
**—**
**964**
**1,295**|
||**15,826**
**120,692**
**64,235**
**—**
**200,753**
**196,767**|
## **Statement of assets and liabilities - 2021**
||**General**
**Designated**
**Restricted Endowment**
**This year**
**Last year**|
|---|---|
|**Fixed assets - Tangible assets**
CCLA investment fund - Pickering -
**Totals**
**Current assets - Cash at bank and in hand**
Bank current account -
Rock Youth 6549 -
Rock Youth 0617 -
CBF deposit account -
Petty Cash -
**Totals**
**Liabilities - Agency accounts**
Agency collections -
**Totals**
**Grand total**|—
—
2,277
—
2,277
2,439|
||**—**
**—**
**2,277**
**—**
**2,277**
**2,439**
124,495
—
32,630
—
157,125
71,412
0
—
4,104
—
4,103
4,103
16,052
—
17,797
—
33,849
28,264
687
—
—
—
687
687
20
—
—
—
20
20|
||**141,254**
**—**
**54,531**
**—**
**195,784**
**104,486**
—
—
1,295
—
1,295
945|
||**—**
**—**
**1,295**
**—**
**1,295**
**945**|
||**141,254**
**—**
**55,513**
**—**
**196,767**
**105,980**|
_Page 21_
## **Christ Church, Stone PCC Statement of Financial Activities for the year ended 31 December 2021**
||**Unrestricted**
**Designated**
**Restricted Endowment**
**Total**
**Prior year**
**funds**
**funds**
**funds**
**funds**
**funds**
**total funds**|
|---|---|
|**Income and endowments from:**
Donations and legacies
Income from charitable activities
Other trading activities
Investments
Other income
**Total income**
**Expenditure on:**
Raising funds
Expenditure on charitable activities
**Total expenditure**
**Net income / (expenditure) resources before**
**transfer**
**Transfers**
Gross transfers between funds - in
Gross transfers between funds - out
**Other recognised gains / losses**
Gains on revaluation, fixed assets, charity's own
use
**Net movement in funds**
**Total funds brought forward**
**Total funds carried forward**
**Represented by**
**Unrestricted**
General fund
**Restricted**
Development Fund
Gertrude Pickering Fund
Rock Youth Ministry|153,335
---
17,129
—
170,484
70,191
6,130
—
—
—
6,130
6,700
591
—
570
—
1,161
1,209
64
—
0
—
64
66
170
—
—
—
170
—|
||**160,310**
**---**
**17,699**
**—**
**178,009**
**78,167**
1,005
—
—
—
1,005
1,799
76,468
—
9,588
—
86,056
79,485|
||**77,473**
**—**
**9,588**
**—**
**87,061**
**81,284**|
||**82,837**
**---**
**8,112**
**—**
**90,948**
**(3,118)**
—
---
—
—
45,230
8
---
—
—
—
(45,230)
(8)
—
—
(162)
—
(162)
83|
||**82,837**
**---**
**7,950**
**—**
**90,787**
**(3,034)**|
||**58,417**
**—**
**47,563**
**—**
**105,980**
**109,015**|
||**141,254**
**---**
**55,513**
**—**
**196,767**
**105,980**
141,254
—
—
—
19,497
58,417
—
—
11,722
—
11,722
11,722
—
—
2,277
—
2,277
2,439
—
—
41,514
—
41,514
33,402|
_Page 22_