COMPANY NO: 08824540
CHARITY NO. 115660F:
trtGIVINGSCHEME
ANNUAL REPORT AND
FINANCIAL STATEMENTS
YEAR
NDIN
31DE
2022

REFERENCE AND ADMINISTRATIVE DETAILS
STATUS
Parish Giving Scheme is 8 charitable company
limited by guarantee, incorporated on 23rd
December 2013 and registered as a charity on
17th March 2014.
GOVERNING DOCUMENT
The Company was established under a
memorandum of association which sets out its
objects and powers and is governed under its
articles of association.
COMPANY NUMBER
08824540
CHARITY NUMBER
1156606
REGISTERED OFFICE &
OPERATIONAL ADDRESS
76 Kingsholm Road, Gloucester. GL13BD
PRESIDENT
The Right Reverend Rachel Treweek
TRUSTEES
Theo David Platt {Ch8irl
Adrian Beney
Phillip Blinkhorn
Revd David Brooke
Julie Dziegiel
Michael Eastwood
Rebecca Evans
Revd Dr Kevin Grumball
Sammi Tooze {appointed 21 June 20221
Grant Forrest
CHIEF EXECUTIVE OFFICER
HEAD OF OPERATIONS
Helen Taylor (reslgnod 31 July 2022}
Brendan Harris
HEAD OF IT
BANKERS
Barclays Bank, Britannia Warehouse, The
Docks, Gloucester, GL12EH
AUDITOR
Buzzacott LLP, 130 Wood Street, London,
EC2V 6DL
SOLICITOR
Veale Wasbrough Vizards. Narrow Quay
House, Narrow Quay, Bristol 8S14QA
PARISH
GIVING
SCHEME

REPORT OF THE TRUSTEES
foryearending 31st December 2022
FOREWORD FROM THE CEO
The Parish Giving Scheme exists to serve the Church., being built by the Church for the Church, it is
unequivocally providing a low-cost, secure and simple-lo-use solution that f8cililales sustained and inflation-
linked income that enables Ihe Church to flourish. Through the actions of radical generosity, generosity as
laught through the Gospels, our communities are being enriched by the life of the Church. Indeed, we will
continue lo see the Kingdom of God growing in our communities Ihrough the experience of radical generosity
in its many forms.
Throughout 2022, across the country, the effects of the cost of living and the energy crises compounded
voluntary income challenges across Ihe sedor. Churches were no less at risk of losing income. Yet, through
our data, across Ihe Ihousands of churches using the scheme. we have seen another year of increased giving,
alongside the generosity of Ihe givers who have inflalion-linked their giving, which equates lo a further
£700,000 given across the year. On behalf of the receiving churches, we express our gratitude to all those
who choose to give through PGS.
The strategic priority for 2022 centred on the need to set 8 clear vision and direction of travel for PGS as it
navigates the next season. Working collaboratively with our members and partners. we launched a new
organisational vision, '8dvancing regular giving in every church,. Furthermore, we clarified our values and
culture, developing 8 people strategy thal creates a workplace where every team member can grow and
develop and increases organisalional capacity. We delivered further development on the p181form that enables
givers lo give a one off online transaction using a debivcredil card or ApplelGoogle Pay. We worked hard
Ihroughoul 2022 to develop and test robustly so that we could launch well in December 2022 to every PGS
parish. Take up of the new functionality has been strong and will be a key focus for 2023. The additional
functionality, whilst in ils infancy, has already led to increased income for churches and aligned with our vision,
prompting further regular giving registrations.
We continue lo see significant growth in diocesan membership, parishes, and givers, as well as an increase in
the average weekly gift value, which, combined with Ihe inflalion-linked scheme, is bringing remarkable
resilience for the Church financially, securing ils financial footing and enabling churches to continue to be a
presence in the community. Our vision is to be part of God's story of advancing regular giving in every church.
We look fomard to another significant year, and beyond, of joining in with what God is already doing in our
Churches.
CEO of Parish Giving Scheme
PARISH
GIVING
SCHEME

REPORT OF THE TRUSTEES
for vear endinq 31st December 2022
Vision: The Parish Giving Scheme is 'advancing regular giving in every church,
Mission: We support the Christian community to engage in a culture of generosity through regular giving.
During times of change, we a￿ helping to grow the Kingdom of God by enabling and inspiring committed
regular giving, which transforms the life and ministry of churches and charities. Our approach is lo support all
givers in whichever way they choose to give, lo become regular givers.
VALUES
Generosity (see Luke 10.'25-371
Through the actions of 'radical generosity,, generosity as taught through the Gospels, our communities are
being enriched by the life of the Church. It is through radical generosity, in its many fom)s, that we will
conlinue to see Ihe Kingdom of God growing in our communities.
We as a team value generosity - we live this out by encouraging generosity in many forms, including giving our
time lo serve our local communities.
Relationships (see Philippians 2'.5-111 in Cornrnunity (see Romans 12'.5)
Our relationships should be the same as Christ Jesus.. demonstrating humility. integrity, and obedience. We
recognise that relationships are key to our success in supporting the Church through our ministry. In building
relationships, we build a community to encourage generous giving as we work together.
We as a team value relationships in community - we demonstrate this by actively and openly engaging with
those we work with {internally and externally) through regular conversation, meetings and sharing of ideas. By
building relationships and community. we create effective partnerships, knowing that we can deliver more
together than working alone.
Learning (see Proverbs 18'.15)
'Every day is a school day,; we approach each day al PGS with the intention of learning, recognising that to be
better lomorrow, we need to learn today.
We as a team value learning we invest in the team lo prepare for fulure challenges and opportunities. We
listen lo all those with whom we have relationships so that we can adapt and grow our services, aligning the
pursuit of our vision and mission wilh their needs.
Excellence (Colossians 3'.231
Our creator God inspires us through the excellence of this world that He created lo deliver aspects of PGS
with excellence. We commit our plans to God, we seek His will to help us be the best we can. living the vision
of PGS.
Recognising that excellence is different to perfection. we aspire lo be exemplary in our approach to people,
the planet, and prosperity. being excellent in all we do as stewards of the resources we are entrusted with.
PARISH
GIVING
SCHEME

REPORT OF THE TRUSTEES
for year ending 31st December 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Trustees present their report and the audited financial statements for the year ended 31 December 2022.
Reference and administrative information set out on page 1 forms part of this report. Parish Giving Scheme
(PGSI {also referred lo as The Scheme) was incorporated on 23 December 2013 and registered as a charity
on 17 March 2014. Dioceses that participate in the activities of PGS are required lo become members of ihe
company.
PGS commenced independent operations on 1 November 2014. Prior to this, equivalent activities were
carried out by the Gloucester Diocesan Board of Finance (GDBFI and reported within their slalutory accounts.
Under prior agreement on 1 November 2014 givers migrated from giving to GDBF to giving lo PGS.
Truslees
The PGS has a board of up to 12 trustees. Trustees are recommended by the Board and agreed by the
members al the Annual Members Meeting {AMMI. There are currently nine Trustees reflecting a range of
skills pertinent to the flourishing of the PGS service and the geographical spread of The Scheme around
England.
Where new Trustees are appointed, they are given a formal induction lo the work of PGS by the Chair and
CEO. They are provided with information they need lo fulfil their roles, which includes information about the
role of Trustees and charity law. New Trustees are nominated by members of the Board, appointed where
they have the necessary skills to contribute lo the charity's management and development, and the
appointment approved at the Annual Members Meeting. During 2023, there are plans to develop further
training and induction as part of the ongoing recruitment process.
Board Meetings
Trustees are expected to engage actively in the governance of PGS. Board meetings are held quarterly
where Trustees receive regular reports on the development, activity, and performance of the PGS organisation
and service. The Board make strategic decisions on the operation of The Scheme, including structural and
Inancial arrangemenls, the terms of business for The Scheme and approving, monitoring and reviewing
development proposals.
embership
Aembers of The Scheme are participatin9 dioceses that have signed the Members Agreement and paid the
subscription fee. Members meet annually al the AMM to approve new Trustees and recelve the Annual
Trustees Report and accounts as well as hear about the development of The Scheme.
Key Management Personnel
The key management personnel of the charity include the Trustees listed on page 1, together with the Chief
Executive {Grant Forrest). Whilst the Trustees are not remunerated for their services, the remuneration of the
paid post holders is determined by the Trustees with due reference to charity sector benchmarks and relaled
infomialion.
Following the departure of the Head of Operations, an interim role has been created that is substantially
different to the Head of Operations role and, therefore, no longer recorded as a member of the key
management personnel.
PARISH
GIVING
SCHEME

REPORT OF THE TRUSTEES
fnr vp.xr p.ndinn 2lqt Dpcember 2022
OBJECTIVES
The objects of the charity are:
To promote and assist the work, objects and purposes of the Church of England (including the raising of
funds);
To promote and assist the work, objects and purposes of charities which advance the Christian religion,
whether or not within the Church of England (including the raising of fundsl- and
To support the efficiency and effectiveness of the administration of charities {including by the raising of
funds) which advance the charitable purposes referred lo above.
The Trustees continue lo regard and consider the Charity Commission's general guidance on the
organisalion's public benefit in Ihe review of its aims and objectives and in planning future developments.
During 2022 the core PGS service has enabled over 4,500 Church of England parishes lan increase of 34 %
on 20211 to access funds from more than 68,000 givers lan increase of 11 % on 20211, and the accompanying
Gift Aid, more quickly and efficiently than would have Othe￿￿lse been the case. This supports parishes to
belter fulfil Iheir key activities of promoting the whole mission of the Church throughout their community.
The impact of the cost of living crisis was signifi¢anl in all aspects of life, and churches faced many
challenges, including financial sustainability. The Scheme proved ils value lo the Church of England during
this time by continuing lo enable committed regular giving in¢re8sing inline or above inflation lo support the
Church's mission locally.
2022 Highlights for the PGS
Further details on page
Parish registrations increased during 2022 by 34°
Launch ofthe One Off Giving Platform
Over £700,000 commilled through the Inflalion-In¢rease option
PARISH
GIVING
SCHEME

REPORT OF THE TRUSTEES
for year ending 31 st December 2022
ACTIVITIES
PGS'S principal activity in pursuil of its objectives is to
provide the most efficient and effective way for people
lo finanaally support the activity of the Church of
Eng18nd locally.
Isiol thernonth
This is done through a regular giving scheme which
collects gifts through Direct Debit and makes Ihe
giving available to be spent in 8 specified
churchlparish within 10 days. Givers can also commit
to annually inflating their gifts lo ensure its spending
power is maintained. The diagram to the right
illustrates the operation of this system during the
period of this report.
u(É6150 e
thekthur¢h i
contlllull
PG5a¢cLWJ
uo
PARISH
PGSxnU5
GrfEAéol
C115tr
lh￿r￿¥th
SCHEME
￿￿￿(¥¢A
+£ItsD
Gift Aid is clalmed each month on all eligible gifts and
is fO￿arded to the specified churches as soon as it is
received from HMRC.
This activity has been designed to specifically support and enhance the ecclesiology of the Church of England.,
being one body working in and for every community in the country. The administralive costs of this 8clivily are
funded by participating Diocesan Boards of Finance who make contributions to PGS in order to enable the
extension of this activity into their respective region. By the end of 2022, regular giving from 34 different
dioceses were being processed in support of the Church's work.
STRATEGIC REVIEW
ACHIEVEMENT AND PERFORMANCE
The principal activity of PGS Ss the provision of a professional and cost*ffective scheme to enable givers lo
support their local church.
From the early days of its life in the Diocese of Gloucester, The Scheme was designed to be able to handle a
substantial number of givers and to be usable for any parish regardless of size, or theol{￿ICal tradition. The
simplification of parish administration is an important additional benefit, as this provides an element of future-
pr<)ofing to the Church's principal income stream.
The last few years have been full of uncertair)ly and our members, parishes and givers have been dealing with
unprecedented challenges in the face of the Covid-19 pandemic and 8 cost of living crisis. In a period of
change, regular giving provides stability and confidence and PGS has responded, working tirelessly to ensure
we continue to enable committed, regular giving which transforms the life and ministry of churches.
PARISH
GIVING
SCHEME

REPORT OF THE TRUSTEES
for vpar p.ndinn 7lqt Dp.r.p.mhpr 2022
2022 STRATEGIC PRIORITIES
Our strategic prionties were..
Developing the giving platform both in features and security
We invested in the one off giving feature to enable a secure and simple solulion for parishes to have online
one off transactions with automated Gift Aid and consolidaled payments.
Growth in the number of dioceses, parishes and givers
Through the combined efforts of PGS, alongside the work of the Church of England's National Giving Team,
Diocesan Teams and Parish leadership, we have seen significant growth once again throughout the year..
* From 31 Member Dioceses to 34
3,500 parishes to 4,700
61,000 monthly direct debits lo 68,486
£60m total, giving per annum processed to £75m inc Gift Aid
(A register of members is provided on pages 33- 35)
Improve our financial resilience
We have achieved a surplus budget lo enable future re-investmenl into Ihe platform
• We developed and implemented a new membership subscription calculation that aligns diocesan payments
closer to the usage of the system and enables long-term financial sustainability for PGS which will be used for
diocesan contributions from January 2023
We began to explore longer-lerm objectives to enable PGS to have wider usage beyond the Church of
England.
Inflation-linked giving
In reviewing our approach lo inflalion-linked giving, we recognised its strategic importance to the wider church.,
indeed. if there were lo be a 'church price index, anecdotally. il was felt this would have been much higher
than the Retail Price Index. Therefore, it was important that the inflalion-linked giving remained a core part of
the PGS solution, but we also understood Ihe challenges that many givers would face. By introducing a
supplementary letter Ihat supported the annual nolificalion, we reassured our givers that they remained in
control of their giving., ever5 with Direct Debit, they could ¢ontacl PGS io make changes without pressure. The
response to the inflalion-linked giving has been overwhelmingly positive. More than 900/0 of givers opted to
continue lo give in line with inflation or increase further, plus 5010 chose to part inflale the giving al an average
of 8 40/4 increase. giving a total additional commitment for the year of over £700,000. This is 8 significant
milestone for all those churches who have benefited from introducing Ihe PGS plafform into their parishes and
encouraging th8 opt-in to inflation linked giving.
PARISH
GIVING
SCHEME

REPORT OF THE TRUSTEES
foryearending i1st December 2022
People Strategy
During 2022, the PGS le8m reviewed how il could best serve the parishes and givers using the service whilst
also creating long-term opportunities for personal growth and development for each team member. We
delivered a renewed people strategy that sel out a vision of a focused culture of living out our values, creating
the ability for the team to grow, develop and have their efforts recognised appropriately. Whilst Ihe overall
structure has had little change, the change in approach has increased internal capacity. created clarity of roles
and is a significant factor in the success achieved Ihroughoul the year.
Looking ahead to 2023. we are recruiting for a Customer Service role through the apprenticeship scheme
provided by a local college, to supplement our workforce fvrther whilst also embedding our value of learning.
2023 STRATEGIC PRIORITIES
By creating clarity of vision, we now have an aligned strategic plan that secures the future of PGS. In pursuit of
achieving our vision, in 2023 we will be focused on:
Deeper growth
We will continue to work with the diocesan teams to fosler a culture of generosity, implementing the PGS
solution into more parishes within member dioceses.
Currently, the average number of parishes using PGS within a member diocese is 480/0 and we are working
with dioceses to increase this.
System innovation
Our wsion for the platfomi is to be a one-stop-shop solution that brings logether a fully integrated giving
platform, enabling regular, one off, contactless and mobile funclionalily and any future developments in the
fintech sector that would enable churches to receive giving income.
For 2023, we plan to introduce contactless giving within the platform through partnerships with existing
providers.
Closer partnership with the Church of England
Whilst the charity membership is held al diocesan structures, our partnership with the National Church Is
paramount to our success. Our organisalional v81ues include community and relationship, and we are
embedding these values into how we work with OLJr partners.
The current operating model requires a diocese lo join as a member, thus limitlng our ability to achieve our
vision of every church. The goal for 2023 is lo build on our partnership with the National Church and identify
alternative operating models that could enable every Church of England Parish to be able to access Ihe PGS
platform.
PARISH
GIVING
SCHEME

REPORT OF THE TRUSTEES
forvearendina 31st December 2022
KEY STATISTICS: GIVER VALUE
PGS seeks to improve the quality of experience of giving to support parish ministry, improve the effectiveness
of gifts by giving givers the option of maintaining their "real value" and reduce Ihe local administrative burden
on parishes. The following are some of the regularly monitored performance measures used by management..
Measure
Dec-21
Dec-22
Change
Number ofGivers
61,655
67,742
+10%
Number of Churches
3.709
4,083
+100
Total fomarded to Churches in month
£5.7M
£6.6M
+160
Average Weekly Gifl {Monlhly Givers)
£16.82
£18.17
+8°
Percentage of gifts on which Gift Aid is
claimed
88.50°
88.000
Percentage of givers opting to inflate
53.00°
We have many testimonials of parishes, which have seen significant increases when they have run a good
generosity campaign alongside the introduction of the PGS.
PGS is set up to serve the entire church family; however much individuals wish to give and whether or not Gift
Aid can be claimed on their giving. The lowest monthly gift handled is £1, the highest is £3,600. Both givers
receive Ihe $8me high-quality materials and $eNice.
PARISH
GIVING
SCHEME

REPORT OF THE TRUSTEES
for year ending 31st December 2022
GROWTH
2022 was the 1 Oth year of the PGS serving parishes and givers across the Church. The growth shown has
been enabled by both growing within existing areas of operation and moving inlo new dioceses and parishes.
Year
2014
2015
2016
2017
2018
2019
2020
2021
2022
Forecast
2023
Underlying
gifts
£5.3m £8.1m £13.3m £19.Om £26.Im £36.5m £46.2m £53.3m £61.Om £80.Om
Gift Aid
reclaimed
£1.3m £1.9m £3.2m £4.5m £6.2m £8.7m £10.8m £12.4m £14.1m £17.Om
Total
forwarded £6.6m £10.Om £16.5m £23.5m £32.3m £45.2m £57.Om £65.8m £75.1m £97.Om
to parishes
Givers
7.244 11,475 19,267 25,533 37,508 44,963 54,002 61.655 67,742 75,000
The Trustees expect that Ihe income of Ihe charity in 2023 will again see substantial growth. This is expected
to come from-
Bath and Wells Diocese moving to full diocesan launch in June 2023.
Working in close partnership with the National Giving Team lo maximise potential when 18unching PGS in
dioceses and parishes.
Existing dioceses continuing to attract new givers and parishes. This is expected to increase in comparison
to previous years with greater numbers of people using the digital platform, which launched on 1st March
2021.
PARISH
GIVING
SCHEME
10

REPORT OF THE TRUSTEES
for vear endinq 31st December 2022
DIOCESAN ROLLOUT
PGS was established lo serve the Church and understands Ihe importance of the unily of the Body of the
Risen Christ. In ils operation il therefore actively seeks to enhance the common purpose of the Church and its
structures.
The growth of PGS and its resourcing occurs through the Church of England diocesan structure. Diocesan
Boards of Finance IDBFS) are invited lo support the roll-out of PGS to parishes within their diocese. In
committing to support PGS, DBFS agree to become a member of the company, pay an inilial diocesan
membership contribution to PGS lo provide operational reserves and make 8 grant lo PGS to cover ongoing
service cor)Iributions to cover the overhead costs of operating wilhin the diocese. This approach ensures the
PGS has the formal support of the member dioceses and is effectively supported by DBF staff. It is therefore
positioned as a service provided by DBFS in support of parishes and is seen as a prime example of DBF
support for the local church. PGS also seeks to be an excellent model of inler-diocesan collaboration, with
advisers from participating dioceses helping neighbouring colleagues, and good praclice being refined from
one launch to another.
PARISH
GIVING
SCHEME
11

REPORT OF THE TRUSTEES
for year ending 31st December 2022
FUNDRAISING STANDARDS
The Charities Act 2011, as amended by the Charities (Proleclion and Social Investment) Act 2016, requires
charities to publish information about fundraising standards. The Parish Giving Scheme does not itself carry
out fundraising activity and therefore has nothing lo report.
FINANCIAL REVIEW
Most of the PGS restricted income relates lo the restricted parish gifts and associated Gift Ald reclaimed. For
2022, the combined gift and Gift Aid amounted lo £75.1 m {2021'. £65.8ml. An equivalent amount is recorded
as restricted expenditure. reflecting that this full amount is returned lo the parishes.
The unreslricled income for PGS mainly comprises ongoing services contrlbutions from member dioceses of
£753k {2021.' £589kl and initial contributions from member dioceses of £40k12021'. £40kl For further details,
see note 2 on page 25. Unrestricted expenditure for 2022 amounted lo £816k 12021.. £626kl. For further
details. see notes 3 and 5 on pages 26 and 27.
Following the launch of the digital platform, the PGS Trustees recognise the creation of Ihe digital platform as
an intangible asset. Given the significant investment made lo digilise the giving experSence on the charity's
balance sheet, for parishes, givers and dioceses, this approach recogrsises the value of the website. The
Trustees also recognise that the lifespan of the digital platform is relatively short as technology advances, so
does the need to review regularly the underlying systems and processes. For the digital platform, it has been
agreed lo base the life span on four years, which equates lo two cycles of support and maintenance with the
CRM provider.
PGS is operating at less than a penny per pound processed, making the service one of the market's most
competitive. An equivalent seNice provider charges £0.035 per pound processed, over three times Ihe cost of
PGS.
RESERVES POLICY AND POSITION
The major part of the charity's income and expenditure is in relation to the amounts collected from givers and
returned lin full) lo the relevant parish. The Trustees recognlse that these amounts are wholly restricted and
therefore cannot be accessed or used by the charity for its day-lo-day operations. As such, the Trustees. focus
is principally in relation to the availability of unrestricted funds.
To support the charity's future and necessary investment in IT, the Trustees acknowledge that al least part of
the charity's unrestricted funds should be earmarked for such purposes. As such, an amount of £200k has
been set aside as a designated IT fund at 31 December 2022 {2021: £200k).
The Trustees have also separated the funds that are represented by the carrying value of Ihe charills
intangible fixed assets in relation to the website development 8nd the digital project. This is on the basis that
these intangible assets are essential to the day-to4ay operations of the charity and, therefore, the carrying
value is not available to Ihe charity for ils operational needs. As such, an amount of £324k has been set aside
as a designated intangible fixed asset fund at 31 December 2022 {2021- £334k).
PARISH
GIVING
SCHEME
12

REPORT OF THE TRUSTEES
for ypar ending 31 qt Décember 2022
RESERVES POLICY AND POSITION (CONTINUED)
The remainder of Ihe charity's general unreslricled funds {or free reserves) are available to the charity for its
day-lo-day requirements and to cover the cost of unforeseen contingencies.
PGS has a slmple structure and uncomplicated activities, which is funded by a monthly subscription from Ihe
dioceses.
However, the Trustees have agreed that free reseNes should be maintained to meet unforeseen operational
costs equivalent to a minimum of three months of operating costs1£200k).
Examples of how Ihese reserves might be used are-
al The risk of unforeseen emergencies or other unexpected need for funds, such as an unexpe¢tedly18rge
repair bill or finding 'seed-funding' for an urgent project.
bl Covering unforeseen day-lo-day operational costs, such as employing temporary staff to cover a long-term
sickness absence.
c) Fulfil the financial liabilities in the event of the charity ceasing operations.
d) Planned short term commitments for which a designated fund has not been established. {A planned
spending commitment that cannol be mel from future income would imply a need for a specific sum to be set
aside- often this amount will be included within designations in accounts).
e) The need to fund short-term deficits in a cash budget.
The Trustees will review any excess reserves annually and respond accordingly based on the needs of the
organisation.
Al 31 December 2022, the charity held free reserves lot811ing £206k, which is broadly in line with the agreed
policy, and therefore the Trustees are satisfied with the year-end free reseNes position.
RISK MANAGEMENT
The Trustees have a risk management strategy which compr(ses'.
An annual review of the principal risks and uncertainties thal Ihe charity faces
The establishment of policies, systems and procedures to mitigate those risks identified in the annual
review
The implemenlation of procedures designed to minimise or manage any potential impact on the charity
should those risks malerialise.
The Trustees place high Importan￿ on managing repulalional risk. We judge there to be two princlpal
contributors to reputational risk the first is systems failure which would prevent money being fO￿arded to
parishes on time, which is managed by investing time and money maintaining systems as described above.
The second element of risk is cyber-fraud, which is managed by buying in external expertise to support the
development and monitoring of IT security across the plalfom) and working environment.
PARISH
GIV1NG
SCHEME
13

REPORT OF THE TRUSTEES
for year ending 31st December 2022
COMPLAINTS POLICY
PGS has a complaints policy and procedure for our service users and sets high standards for our staff. The
Truslees are pleased to report that during 2022 no complaints were received {2021.' nill.
When informal feedback is received from member dioceses or the network of giving advSsers, this is
considered appropriately, either operationally or strategically, depending on the nature of Ihe feedback.
PARISH
GIVING
SCHEME
14

REPORT OF THE TRUSTEES
for vear endina 31st December 2022
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The Trustees (who are also the Directors of Parish Giving Scheme for the purposes of company lawl are
responsible for preparing the trustees, report and financial statements in accordance with applicable law and
United Kingdom Accounting Standards (United Kingdom Generally Accepted Acoounting Practice). Company
law requires the Trustees lo prepare financial statements for each linancial year, which give a true and fair
view of the slate of affairs of the charity and of the income and expenditure for the period. In preparing those
financial statements the Trustees are required lo..
Select suitable accounting policies and then apply them consistenlly
Observe the methods and principles in Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021
Make judgements and estimates that are reasonable and prudent
Slate whether applicable United Kingdom Accounting Standards have been followed. subject lo any
malerial departures disclosed and explained in the financial statements
Prepare the financial statements on the going concern basis unless il is inappropriate lo presume that the
charity will continue in operation.
The Trustees are responsible for keeping proper accounlir)g records which disclose with reasonable accuracy
at any time the financial position of the charity and which enable them lo ensure that the financial statements
comply with the Companies Act 2006. The Trustees 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.
Each of the Trustees confirms that to the best of their knowledge there is no information relevant lo the audit
of which the audllors are unaware. The Trustees also confirm that they have taken all necessary steps to
ensure that they themselves are aware of all relevant audit information and Ihal this information has been
communicated to Ihe auditors.
This confirmation is given and should be interpreted in accordance with the provisions of s418 of the
Companies Act 2006.
The trustees are responsible for the maintenance 8nd integrity of the corporate and financial information
included on the charitable company's website. Legislation in the United Kingdom governing the preparation
and dissemination of financial statements may differ from legislation in other jurisdictions.
THE TRUSTEES
The Trustees who served during the period up to the date of this report are shown on page 1.
AUDITORS
The reappointment of Buzzacoll as auditors to PGS will be proposed at the Annual Members Meeting 2023.
Approved by the Trustees on .11 l.06.1..
2023 and signed on their behalf by..
Theo Platt
Chair of the Board of Trustees
PARISH
GIVING
SCHEME
15

INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF PARISH GIVING SCHEME
Opinion
We have audited the financial slalements of Parish Giving Scheme (the 'charilable company'l for the year
ended 31 December 2022 which comprise the Statement of Financial Activities, Balance Sheet, Slalement of
Cash Flows and notes to the financial slatemenls, including a summary of significant accounting policies. The
financial reporting framework that has been 8pplied in their preparation is applicable law and United Kingdom
Accounting Standards. including Financial Reporting Slandard 102 The Financial Reporting Standard
applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial slatemenls..
Give a true and fair view of the state of the charitable company's affairs as 8t 31 December 2022 and of its
income and expenditure for the year then ended
Have been properly prepared in accordance wilh United Kingdom Generally Accepted Accounting Practice
Have been prepared in accordance with the requirements of the Companies Act 2006
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing IUKI {ISAs IUKII and
applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities
for the audit of the financial statements section of our report. We are independent of the charitable company in
accordance with the ethical requirements that are relevant to our audit of the financial slalemenls in the UK,
including the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities in accordance with
these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to
provide a basis for our opinion.
Conclusions relating to going concem
In auditing the financial statements, we have concluded that the TTuslees' use of the going concem basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating io events or
conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a
going concern for a period of at least 12 months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect lo going concern are described in the
relevant sections of this report.
PARISH
GIVING
SCHEME
16

INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF PARISH GIVING SCHEME
Other information
The other infomation comprises Ihe information Sncluded In the Annual Report and financial statements other
than the financial slatemenls and our auditor's report thereon. The trustees are responsible for the other
information contained within the Annual Report and financial statements. Our opinion on the fin8nci81
slalements does not cover the other information and, except to the extent othenmise explicitly slated in our
report, we do not express any form of assurance conclusion Ihereon.
Our responsibility is to read the other information and. in doing so. consider whether the other infomiation is
materially inconsistent with the financial statements or our knowledge obtained in the audit or othetwise
appears to be materially misstated. If we identify such material inconsistencies, or apparent material
misstatements, we are required lo determine whether this gives rise lo a material misslalement in the financial
statements themselves. If, based on the work we have performed, we conclude that there is a material
mSsstatement of this other Snformalion, we are required to report Ihal fact. We have nothing to report in this
regard.
Opinions on other matters prescribed by Ihe Companies Act 2006
In our opinion. based on the work undertaken in the course of the audit..
The information given in the Report of the Trustees. which is also the directors, report for Ihe purposes of
company law, for the financial year for which the financial statements are prepared is consistent with the
financial Sstatements
The Report of the Trustees, which is also the directors, report for the purposes of company law, has been
prepared in accordance with applicable legal requirements
Matters on which we are required to report by exception
In light of the knowledge and understanding of the charitable company and its environment obtained in the
course of the audit, we have not identified material misstatements in the Report of the Trustees.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006
requires us lo report to you if, in our opinion..
Adequate accounting records have not been kept by the charitable company, or returns adequate for our
audit have not been received from branches not visited by us
The financial statements are not in agreement with the accounting records and returns
Certain disclosures of Trustees, remuneration specified by law are not made
We have not received all the information and explanations we require for our audit
The Trustees were not entitled to lake advantage of the small companies, exemptions in preparing the
Trustees, Report and from the requirement to prepa￿ a strategic report.
PARISH
GIVING
SCHEME
17

INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF PARISH GIVING SCHEME
Responsibilities of Trustees for the financial statements
As explained more fully in the Slalement of Trustees, Responsibllities (contained within the Report of the
Trustees), the Trustees (who are also the directors of the charitable company for the purposes of company
lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true
and fair view. and for such internal control as the Trustees determine is necessary to enable the preparation of
financial statements that are free from material misstatement. whether due to traud or error.
In preparing the financi81 slalements, the Trustees are responsible for assessing the charllable company's
ability lo continue as a going concern, disclosing. as applicable, mallers related to going concern and using
the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or
to cease operations, or have no realistic alternative bul lo do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free
from malerial misslalemenl, whether due to fraud or error, and lo issue an auditor's report that includes our
opinion. Reasonable assurance is a high level of assurance bul is not a guarantee that an audit conducted in
accordance with ISAS (UK) will always detect a material misstatement when il exists. Misslalements can arise
from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be
expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above, to delecl malerial misslalements in respect of
irregularities, including fraud. The exlenl to which our procedures are capable of delecling irregularities,
including fraud is detailed below..
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities.
including fraud and non-compliance with18ws and regulalions, was as follows=
The engagement director ensured that the engagement team collectively had the appropriate competence.
capabilities and skills to identify or recognise non-compliance with applicable laws and regulations
We identified the laws and regulations applicable to the charitable company through discussions with
management, and from our knowledge and experience of the charity sector
Identified laws and regulations were communicated within the audit team regulady and the team remained
alert to instances of non-compliance throughout the audit
We focused on specific laws and regulations which we considered may have a direct material effect on the
Financial Statements or the activities of the charitable company. These included bul were not limited to the
Charities Act 2011, Companies Act 2006, and data protection legislation and regulations
We assessed the extent of compliance with the laws and regulations identified above through making
enquiries of management and reviewing the minules of the meetings of Trustees.
We assessed the susceptibility of the charitable company's financial statements to material
misstatement, including obtaining an understanding of how fraud might occur, by..
Making enquiries of management and those charged with governance as to where they considered there
was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud
Considerin9 the internal controls in place lo mitigate risks of fraud and non-compliance wlh laws and
regulations
PARISH
GIVING
SCHEME
18

INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF PARISH GIVING SCHEME
To address the risk of fraud through managemenl bias and override of controls, we..
Performed analytical procedures to identify any unusual or unexpected relationships
Reviewed journal entries to identify unusual transaclions and tested their validity
Tested the authorisation of expenditure, ensuring expenditure was approved In line with the charitable
company's financial procedures
Assessed whether judgements and assumptions made in determining the accounting estimates were
indicative of potential bias
Investigated the rationale behind significant or unusual transactions
In response to the risk of irregularities and non-¢ompliance with laws and regulations, we designed procedures
which included, but were not limited to..
Agreeing financial statement disclosures to underlying supporting documentation
Reviewing the minutes of meetings of Trustees
Enquiring of management and those charged with governance as lo actual and polential liligalion and
claims
There are inherent limitations in our audit procedures described above. The more removed that laws and
regulations are from financial transactions, the less likely il is that we would become aware of non-compliance.
Auditing standards also limit the audit procedures required to identify non-compliance with laws and
regulations to enquiry of the Trustees and other management and the inspection of regulatory and legal
correspondence, if any.
Material misslalemenls that arise due lo fraud can be harder to detect than those that arise from error as they
may involve deliberate concealment or collusion.
A further descriplion of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's websile al.. www.frc.org.uklauditorsresponsibilities. This description forms part of our
auditor's report.
Use of our report
This report is made solely to the charitable companvs members, as a body. in accordance wlth Chapter 3 of
Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate to the
charitable company's members those matters we are required lo state to them in an auditor's report and for no
other purpose. To the fullest extent permilled by law, we do not accept or assume responsibility to anyone
other than the charitable company and the charitable company's members, as a body, for our audit work, for
this report, or for the opinions we have fomed.
Gumayel
iah (Senior Stalulory Auditor)
For and on behalf of Buzzacott LLP, Statutory Auditor
130 Wood Street
London
EC2V 6DL
Dale: 7 July 2023
PARISH
GIVING
SCHEME
19

Statement of financial activities (incorporating an income and expenditure account)
For the year ending 31 December 2022
Restricted
funds
Unreslricled
funds
2022 total
2021 total
Note
£'ooo
£'ooo
£'ooo
£￿00
Income from:
Charitable activities
75,082
800
75.882
66,781
Total
75,082
800
75.882
66,781
Expenditur• on:
Charitable activities
75.101
816
75,917
66,678
Total
75.101
816
75,917
66,618
Net {expendlture)Ilncome
{191
(161
(351
16J
Reconciliation of funds
Funds at the start of the year
19
746
765
602
Funds at the end of the year
730
730
765
All of the above results are derived from continuing aclivilies. There were no other recognised gains or losses
other than those stated above. Movements in funds are disclosed in note 11 to the financial slatements.
Full comparatives for the year to 31st December 2021, are shown in note 13.
The notes on pages 23 to 35 fomi part of the financial slalements.
PARISH
GIVING
SCHEME
20

Balance sheet
As at 31 December 2022
Company number 08824540
Note
2022
£'ooo
2021
Flxed a$$8ts
Intangible fixed assels
324
334
Current assets
Stock
26
Debtors
55
130
Cash at bank and in hand
485
386
542
542
Cr8dltors.' amount due wlthln one year
11361
(fllj
Net currant assats
406
431
Net assats
730
765
Rose￿oS
Restricted funds
19
Unreslrided funds
Oesignaled funds
Intangible fixed assets
324
334
IT fund
200
200
General funds
206
212
Total funds
730
765
Approved by the Tr
ste
s on . zil.9.6.1..2023 and signed on their behalf by:
Theo Platt
Chair ol the Board of Trustees
The notes on pages 23 to 35 form part of the financial statements.
PARISH
GIVING
SCHEME
21

Statement of Cashflows
Year ended 31 December 2022
2022
£'ooo
2021
£'ooo
Net cash Inflow from operatlng actlvltles {sèe below)
234
248
Cash flows from invèstlng actlvltle$
Purchase of Intangible lixed assets
11351
(148J
Change in cash & cash 8quivalants during yaar
99
100
Cash & cash equivalents at 1 January
386
286
Cash & cash equivalents at 31 December
485
386
Reconclliation of net movement in funds to net cash
{oxp&nditurellincome from oparating activitias
1351
t63
Adjustments for-
Amortisalion of intangible fixed assets
145
Decrease in stock
24
Decreaselllncreasel in debtors
75
(6)
IncreasellDecreasel in creditors
25
120)
Net Cash Inflow from operating a¢tivitie$
234
248
Analysis of cash and cash equivalents
Cash in bank & Sn hand
485
386
Total cash and cash equivalents
485
386
No separate reconciliation of net debt has been prepared as there is no difference between the net cash (debt)
of the charity and the above cash and cash equivalents.
The notes on pages 23 to 35 form part of the financial ststements.
PARISH
GIVING
SCHEME
22

NOTES TO THE FINANCIAL STATEMENTS
for the vear endina 31 December 2022
1. Accounling policies
The principal accounting policies adopted. judgements and key sources of estimation uncertainly in Ihe
preparallon of the financial st8temenls are as follows..
al The accounts have been prepared in accordance with Accounting and Reporting by Charities.. Slalement of
Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)12nd edition, effective l January
20191 {Charilies SORP FRS 102), the Financial Reporting Standard applicable in the UK and Republic of
Ireland {FRS 1021 and the Companies Act 2006.
b) PGS meets the definition of a public benefit entity under FRS 102. PGS is a company registered in England
and Wales, company number 08824540. Ils registered address is 76 Kingsholm Road, Gloucester, GL1 3BD.
Assets and liabilities are inilially recognised al historical cost or transaction value unless othetwise slated in
the relevanl accounting policy note.
c) The Trustees consSder there are no material LIn￿rtainlIeS about the charity's ability to conlinue as a going
concern. The review of our financial position, reseNes levels and future plans gives Trustees confidence the
ch8rity remains a going concern for a period in excess of 12 months from the date of approval of these
accounts.
d) All income is recognised once the charity has enlillement lo income, it is probable that income will be
received and the amount of income recelvable can be measured reliably.
el Voluntary income received as contributions from member dloceses represent the init181 amounts received
from members when they join The Scheme. These amounts are included in full in the slalemenl of financial
activities when receivable. The main income for The Scheme is glfls received from parishes, with the Gift Aid
being claimed on such gifts as appropriate.
fj Revenue grants are credited to the statement of financial aclivilies when received or receivable, whichever
is earlier.
gl Where unconditional entillement lo grants receivable is dependent upon fuifilment of conditions withln the
charity's control, the income is recognised when there is sufficient evidence that conditions will be met.
h) Intangible fixed assets are those related to the development of the PGS website and the digital platform
which in the opinion of the Trustees satisfy the criteria to be classified as intangible assets that provide future
economic benefits to PGS. The intangible fixed assets are slated al cost less amortisalion. Amortisation is
provided al rates calculated to write off Ihe cost less estimate residual value over the expected useful
economic life of four years.
i) Stock is held at the lower of cost and nel realisable value.
l) Debtors are recognised al their selllement amount, less any provision for non-recoverability. Prepayments
are valued 81 the amount prepaid. They have been discounted lo the present value of the futur8 cash receipt
where such discounting is material.
PARISH
GIVING
SCHEME
23

NOTES TO THE FINANCIAL STATEMENTS
for the year ending 31 December 2022
1.0 Accounting policies (continued)
k) Creditors and provisions are recognised when there Is an obligation at the balance sheet date as a result of
a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of
the settlement can be eslSmated reliably. Creditors and provisions are recognised at the amount the charity
anticipates il will pay to settle the debt. They have been discounted lo the present value of the future cash
payment where such discounting is material.
11 Cash at bank and in hand represents such accounts and instruments that are available on demand or have
a maturity of less than three months from the date of acquisition.
ml Reslricted funds are to be used for specific purposes as laid down by the giver. Expenditure which meets
these criteria is charged lo the fund together with a fair allocation of management and support costs.
n) Unrestricted funds are gifts and other income receivable or generated for Ihe objects of the charity.
ol Designated funds are those eamiarked by the Board of Trustees for partScular purposes. Whilst such funds
are kept separate for administrative purposes, they do not constitute legally separate funds.
p) Expenditure is recognised in the period in which Ihey are Incurred. Expenditure includes attributable VAT
which cannot be recovered. The key components of expenditure are staff costs, IT costs and website
development costs. Expenditure on charitable activities also includes indirect support costs (including
governance coslsl.
q) Governance costs include all costs of compliance with constitutional and statutory requirements, including
legal and audit fees and the costs of meetings.
r} The charity operates a defined contribution pension scheme for its staff. The assets of The Scheme are held
separately from those of the charity in an independenlly administered fund. The pension cost charge
represents contributions payable under The Scheme by the charity to the fund. The charity has no liability
under The Scheme other than for the payment of those conlributions.
s) Rental p8yments under operating leases are charged lo the Statement of Financial Activities on a straight-
line basis over the temi of the lease.
PARISH
GIVING
SCHEME
24

NOTES TO THE FINANCIAL STATEMENTS
for the vear endino 31 December 2022
2. Income from charitable activities
Restricted Unreslri¢le
funds
d funds
OOO'S
OOO'S
2022 Total 2021 Total
OOO'S
Ongolng monthly service contributions from member Dioceses
753
753
589
Restricted gifts
60.883
60,883
53,388
Gift reclaimed (reslricledl
14,140
14,140
12,444
Restricted One Off gifts
38
Restricted One Off Gift Aid reclaimed
Initial contributions from member
40
40
40
Dioceses
14
14
310
Grant from Ar¢hbishops' Council
io
75,082
800
75,882
66,781
All in¢ome from ongoing service contributions from member dioceses, initial contributions from member
dioceses and other income in 2022 and 2021 was unreslricted. The grant from Archbishops, Council in 2022
relales to PGS'S digital project and is a contribution towards the development phase. All other income was
credited to reslricled funds in both 2022 and 2021.
PAR1SH
GIVING
SCHEME
25

NOTES TO THE FINANCIAL STATEMENTS
for the year ending 31 December 2022
3. Expenditure on charitable activities
Restricted Unrestricted
funds
funds
OOO'S
OOO'S
2022 Total 2021 Total
OOO'S
OOO'S
Grants back to parishes Ireslricledl
60,883
60,883
53,388
Gift Aid forwarded lo parishes Ireslricled)
14,140
14.140
12.444
One Off grants back lo Parishes Irestricledl
38
One Off Gift Aid forwarded to p8rishes Ireslricled)
Grants back to parishes including Gift Aid (restricted)
75,068
75.068
65,832
Support costs..
Staff costs- note 5
329
329
289
Governance
16
16
12
Wetjsile development costs
100
100
90
Digital project IT costs
33
33
160
Amortisalion charge
145
145
111
Other support costs
226
226
124
75,101
816
75.917
66.618
All expenditure on slaff costs, governance costs and other costs in 2022 and 2021 was unrestricted.
PARISH
GIVING
SCHEME
26

NOTES TO THE FINANCIAL STATEMENTS
for the vear endina 31 Decèmber 2022
4. Net movement in funds
2022
Total
2021
Total
This is stsled after charging..
£'ooo
rooo
Auditors. remuneralion- audit
10
io
Amortisation
145
111
Operating leases- land and buildings Inole 121
22
22
5. Staff numbers and costs
The aggregate payroll costs for staff was as follows..
2022
£'ooo
2021
£'ooo
Wages and salaries
263
231
Social security costs
27
21
Employers pension ¢onlribulions
39
37
329
289
The average number of persons employed by the charity (excluding Trustees who are all non-execulivel are
as follows..
No. of
émployèès
2022
No. of
employees
2021
Charitable activities
On an annualised basis, one employee eamed more than £60,000 during the year.12021: one).
PARISH
GIVING
SCHEME
27

NOTES TO THE FINANCIAL STATEMENTS
for the year ending 31 December 2022
Remuneration of key management personnel
Key management personnel are deemed to be those having authority and responsibility, delegated to them by
the directors, for planning, directing and controlling the activities of PGS. During 2022 the key management
personnel comprised the Chief Executive Officer and the Head of Operations. The lolal remuneration for these
two employees Itogelher with employer pension and national Insurance contributions} amounted to £115k
(2021: £101 k).
Transactions with Trustees
Four Trustees {2021.' two) received reimbursement for oul-of-pocket expenses during the period amounting to
£786 12021.. £501). Five key management personnel members (2021.. five) made gifts of £2,265 (2021..
£2,061) (excluding Gift Aid) to PGS during the year, to financially support Ihe Church of England in their
locality.
6. Taxation
The charitable company is exempt from corporation tax as all its income is charitable and is applied for
charitable purposes.
7. Intangible fixed assets
Digital project ar
website
£'OOOs
Total
£'OOOs
Cost or valuation..
At 1 January 2022
445
445
Additions
135
135
At 31 December2022
580
580
Amortisation..
Al 1 January 2022
111
111
Charge for year
145
145
Al 31 De￿mber 2022
256
256
Net book value..
Al 1 January 2022
334
334
Al 31 De¢ember 2022
324
324
PARISH
GIVING
SCHEME
28

NOTES TO THE FINANCIAL STATEMENTS
fnr thp vp.ar èndina .21 Dp.r.p.mhpr ?.0??
8. Debtors: amounts falling due within one year
2022
£'ooo
2021
£'ooo
Trade debtors
21
Prepayments and other debtors
53
34
Accrued income- grant instslmenl due from Archbishops, Council
75
55
130
9. Creditors: amounts falling due within one year
2022
£'ooo
2021
eooo
Trade creditors
29
26
Other taxes and soaal security
Accruals ar)d other creditors
99
79
136
111
10. Analysis of net assets between funds
Restricted
funds 2022
£'ooo
Designaled
funds 2022
£'ooo
General
funds 2022
£'ooo
Total
funds 2022
£'ooo
In18ngible fixed assets
324
324
Nel current assets
200
206
406
Net assets at 31 December 2022
524
206
730
Comparative analysis for 2021
Restricted
funds 2021
£'ooo
Designated
funds 2021
£'ooo
General
funds 2021
£'ooo
Totol
funds 2021
£'ooo
Intangible fixed assets
334
334
Nel current assets
19
200
212
431
N81 assets al 31 D8cemb8r 2021
19
534
212
765
PARISH
GIVING
SCHEME
29

NOTES TO THE FINANCIAL STATEMENTS
for the year ending 31 December 2022
11. Movement In funds
Balance at 1st
January 2022
Income
Expenditure
Transfers
Balance at 31 st
December 2022
£'ooo
£'ooo
£'ooo
£'ooo
£'ooo
Unrestricted funds
General lund
Designated funds
IT fund
Intangible fixed assets fund
212
800
(6711
11351
206
200
334
200
324
{1451
135
746
800
{816}
730
Roslrl¢tgd funds
Parish gifts
Digital project grant
75,068
14
75.082
175,0681
133)
175,101)
Total
765
75,882
175,9171
730
Comparatlve movements for 2021
Bg18nce at Isl
January 2021
Income
Ex￿ndItUre
Transfers
Balanc8 at 31st
December 2021
£'ooo
£'ooo
£000
£'ooo
£'ooo
Un￿$trACted funds
Gener81 fund
Designated funds
IT fund
Intangible fixed assets fund
105
639
(626)
94
212
200
297
200
334
37
602
639
(626)
131
746
Restricted funds
Parish gifts
Digital project grant
65,832
310
(65,832)
160
131
(731)
66, 142
(65,992)
Total
602
66,781
(66,618)
T65
PARISH
GIVING
SCHEME
30

NOTES TO THE FINANCIAL STATEMENTS
for the vÉAr Èndino 31 DÈcÈmbèr 2022
11. Movement in funds (continued)
Designated funds
The IT fund Is available to support the charlty's future Investment in IT outside of core operational costs.
The intangible fixed asset fund reflects the carrying value of the website development and digital project
costs which have been capilalised on the balance sheet and which the charity is expected to benefit from over
the next few years. The annual amortisalion charge is allocated against Ihis fund accordingly. The balance is
kept separate lo the charity's general unrestricted funds in recognition of the fact that the amounts capilalised
are essential to the day-lo-day operation of the charity and cannot be realised by the charity in order to meet
day lo day working capital requirements.
Restricled funds
These comprise:.
Parish gifts received through a regular giving scheme which collecls gifts through direct debll and makes
the gift (including Gift Aid) available only to be spent in a specified churchlparish.
A grant from Archbishops, Council towards the digitsl project. The transfer from the restricted fund to the
charity's unrestricted fund is in recognition of the facl that the grant has been ulilised towards the cost of
the digital project in line with the giver's wishes land therefore the restriction discharged). but the asset
capilalised is now available for the charity s general unrestricted application.
12. Financial commitments: operating leases
Total commilments under non-cancellable operating leases are as follows'.-
2022
£'ooo
2021
£'ooo
Land and buildirigs where the lease expires..
Within one year of the balance sheet date
22
22
In the second lo fifth years inclusive of the balan￿ sheet dale
66
88
88
PARISH
GIVI NG
SCHEME
31

NOTES TO THE FINANCIAL STATEMENTS
for the year ending 31 December 2022
13. Comparative statement of financial activities
Reslricled funds
£'ooo
Unreslricled funds
£'ooo
2021
Total
Income from:
Charitable activities
66,142
639
66,781
Total
66,142
639
6,781
Expendlture on..
Charitable activities
65,992
626
66,618
Total
65,992
626
66,618
Net incom
150
13
163
Transfer between funds
11311
131
Net movement In funds
19
144
163
Reconciliation of funds
Funds at the stsrt of the yoar
602
602
Funds at the end of the year
19
746
765
14. Related party transactions
Details of transactions with the charity's Trustees are provided at note 5. There were no other related party
transactions during the period of report {2021
none}.
15. Contingent liability
In expanding the charity's seNice offer lo cover 'one-off giving,. the truslees have commissSoned a review of
the charity's VAT arrangements, lo ensure compliance with VAT legislation. In addition to 'one-off giving., the
review covers all aspects of the charitvs activities including Ihose areas where guidance was previously
oblairied several years ago. Whilst the review is ongoing at the lime of approval of these accounts, the
Trustees have been advised that there is one particular area where further guidance and dialogue with HMRC
Is required in order for the trustees lo satisfy themselves that no further VAT liability is due. The Trustees are
of the opinion that the maller is not clear-cul based on the charlly's unlque circumstances, and that the
probability of any liability arising is low, bul will in due course liaise with HMRC in respect of this matter. The
aforementioned also makes it impractical lo estimate the value of any such potential liability. As such, no
provision has been made in respect of this matter within these financlal statements.
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REGISTER OF MEMBERS at 31st December2022
REGISTER OF MEMBERS
111 Gloucester Diocesan Board of Finance incorporated and registered in England and Wales with company
number 162165 registered charity (number 2512341 whose registered office is al College Green, Gloucester,
GL1 2LY (Gloucester DBFI
121 Exeter Diocesan Board of Finance Limited incorporated and registered in England and Wales wth
company number 186001 registered charity (number 249798) whose registered office is al The Old Deanery,
The Cloisters, Exeter, Devon, EX1 1 HS (Exeter DBFI
131 Winchester Diocesan Board of Finance incorporated and registered in England and Wales with company
number 00142351 registered charity (number 2492761 whose registered office is at Old Alresford Place,
Alresford, Hampshire, S024 9DH {Winchester DBFI
141 Chichester Diocesan Fund & Board of Finance incorporated and registered in England and Wales with
company number 00133558 and registered charity (number 2431341 whose registered office is 211 New
Church Road, Hove, East Sussex, BN3 4ED {Chlchester DBF)
151 Guildford Diocesan Board of Finance incorporated and registered in England and Wales with company
number 00225289 and registered charity {number 2482451 whose registered office is at auary Street,
Guildford , GU13XG (Guildford DBF)
161 Liverpool Diocesan Board of Finance incorporated and registered in England and Wales with company
number 00018301 and registered charity {number 2497401 whose registered office is at St James House. St
James Road, Liverpool, Merseyside, L17BY {Liverpool DBF)
171 Chelmsford Diocesan Board of Finance incorporated and registered in England and Wales with company
number 00137029 and registered charity (number 2495051 whose registered office is al 53 New Street,
Chelmsford, Essex, CM1 1AT. (Chelmsford DBF)
181 Portsmouth Dio¢es8n B08rd of Finance incorporated and registered in England and Wales with company
number 226466 and registered charity (number 249256) whose registered oflice is at Peninsular House, 1 st
Floor, Wharf Road, Portsmouth, Hants, P02 8HB. (Portsmouth DBF)
191 Truro Diocesan Board of Finance incorporated and registered in England and Wales with company number
00049825 and registered charity {number 2483301 whose registered office is at Woodlands Court, Truro
Buslness Park, Threemilestone, Truro, Cornwall TR4 9NH. (Truro DBFI
1101 St Albans Diocesan B08rd of Finance incorporated and regislered in England and Wales with company
number 00145227and registered charity (number 2488871 whose registered office is al Holywell Lodge, 41
Holywell Hill, St Albans AL1 1 HE. (Sl Albans DBF)
1111 London Diocesan Fund incorporated and registered in England and Wales with company number 150856
and registered charity (number 2410831 whose registered office is at London Diocesan House, 36 Causton
Street, London SW1P 4AU. (London DBFI
1121 Leicester Diocesan Board of Finance incorporated and registered in England and Wales with company
number 00227087 and registered charity {number 2491001 whose registered office is at St Martins House, 7
Peacock Lane, Leicester, LE1 5PZ. {Leicesler DBF)
1131 Birmingham Diocesan Board of Finance incorporated and registered in England and Wales with company
number 00440966 and registered charity (number 2494031 whose registered office Is at 1 Colmore Row,
Birmingham. Wesl Midlands. B3 28J. {Birmingham DBF)
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REGISTER OF MEMBERS at 31st December2022
REGISTER OF MEMBERS
1141 Newcastle Diocesan Board of Finance incorporaled and reglslered in England and Wales with company
number 00650977 and registered charity {number 2472331 whose registered office is Sl Johns Terrace, North
Shields, NE29 6HS. (Newcastle DBFI
1151 Salisbury Diocesan Board of Finance incorporated and registered in England and Wales with company
number 00017442 and registered charity {number 2408331 whose registered office is al 99 Crane Slreel,
Salisbury SP12QB. IS81isbury DBFI
(161 Ely Diocesan Board of Finance incorporated and registered in England and Wales with company number
00142183 and registered charity (number 2454561 whose registered office is at Bishop Woodford House,
Barton Road, Ely Cambridgeshire, CB7 4DX. (Ely DBF)
(171 Sl Edmundsbury and Ipswich Diocesan Board of Finan￿ incorporated and registered in England and
Wales with company number 00143034 and registered charity {number 248919) whose registered office is at
St Nicholas, Centre, 4 Culler Slreet, Ipswich, Suffolk, IP1 1 UQ. {St Edmundsbury and Ipswich DBF)
(181 Bristol Diocesan Board of Finance incorporated and registered in England and Wales with company
number 00156243 and reglstered charity (number 2485021 whose registered office is al First Floor Hillside
House 1500 Parkway North, Newbrick Road. Stoke Gifford, Brislol, BS34 8YU. (Bristol DBF).
(191 Derby Diocesan Board of Finance incorporated and registered in England and Wales with company
number 00229700 and registered charity (number 2497671 whose registered office is at Derby Church House,
Full Street, Derby, DE13DR. ID8rby DBF)
(201 Oxford Diocesan Board of Finance incorporated and registered in England and Wales with company
number a0142978 and registered charity (number 2479541 whose registered Offi￿ is at Oxford Langford
Locks, Kidlington, Oxford, Oxon, OX5 1 GF. (Oxford DBF)
(211 Sheffield Diocesan Board of Finance incorporated and registered in England and Wales wlh company
number 00196087 and registered charity {number 245861) whose registered office is at 95-99 Effingham
Slreel, Rotherham, S65 18L. (Sheffield DBF)
(221 Durham Diocesan Board of Finance incorporated and registered in England and Wales with company
number 00192018 and registered charity {number 2482871 whose registered office is at Cuthbert House,
Slonebridge, Durham DH13RY. (Durham DBFI
1231 Hereford Diocesan Board of Finance incorporated and registered in England and Wales with company
number 00144467 and reglstered charity (number 2496851 whose registered office is at The Palace, Palace
Yard, Hereford HR4 gBL. (Hereford DBFI
(241 Lincoln Diocesan Board of Finance incorporated and registered in England and Wales wllh company
number 00097256 and registered charity {number 249355) whose registered office is at Edward King House,
The Old Palace, Lincoln LN2 1 PU. {Lin¢oln DBF)
(251 Worcester Diocesan Board of Finance incorporated and registered in England and Wales wlh company
number 00271752 and registered charity {number 247778) whose registered office is al The Old Palace,
Deansway, Worcester WR1 2JE. (Worcester DBFI
(261 Peterborough Di0￿san Board of Finance incorporated and registered in England and Wales with
company number 186179 and registered charity (number 2505691 whose registered office is al The Palace,
Peterborough PE1 1YB. (Peterborough DBFI
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REGISTER OF MEMBERS at 31st December 2022
REGISTER OF MEMBERS
1271 Coventry Diocesan Board of Finance incorporated and reglstered in England and Wales wilh company
number 00319482 and registered charity (number 2478281 whose registered offlce is at Diocesan Offices, 1
Hill Top, Coventry, CV15AB. {Coventry DBFI
{28) Leeds Diocesan Board of Finance incorporated and registered in England and Wales with company
number 08823593 and registered charity (number 11558761 whose registered office Is al 17119 York Place,
Leeds. England. LS12EX. {Leeds DBF)
1291 York Diocesan Board of Finance incorporated and registered in England and Wales with company
number 00225234 and registered charity (number 244976) whose registered office is at Amy Johnson Way,
York Y030 4XT. (York DBF)
130) Soulhwark Diocesan Board of Finance incorporated and registered in England and Wales with company
number 00236594 and registered charity {number 249678} whose registered office is at Trinity House, 4
Chapel Court, Borough High Street, London SE11HW. {Southw8rk DBFI
1311 Blackburn Diocesan Board of Finance incorporated and registered in England and Wales with company
number 00225457 and registered charity {number 247647) whose registered office is al Clayton House,
Walker Office Park, Blackburn, England, BB12QE. (Blackburn DBF)
1321 Canterbury Diocesan Board of Finance incorporated and registered in England and Wales with company
number 00145650 and registered charity {number 249972) whose registered office is at Lady Woottons Green,
Canlerbury, Kent, CT1 1NQ. Icanlerbury DBFI
133) Rochester Diocesan Society and Board of Flnance incorporated and registered in England and Wales
with company number 140656 and registered charity (number 249339) whose registered office is Diocesan
Office, Sl Nicholas Church, Boley Hill, Rochester, Kent, ME11SL. (Rochester DBFI
{34) Nonmich Diocesan Board of Finallce Ltd (The} incorporated and registered in England and Wales with
company number 88175 and registered charity (number 249318) whose registered office is Diocesan House,
109 Dereham Road, Easton, Norwich. Norfolk, NR9 SES. (Norwich DBFI
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