St Andres, Stapleford Par(Khial Church Council Financial Statements For the year ended 31 December 2022
St Andre5, Stapleford Parochial Church Council Financial Statemert5 For the year ended 31 Decembei 2022 Contents Pa8e No Charity Reference and Administrative Detalls Report of the Trustees Independent Examinerfs Report Statement of Flnanclal Artivities io lincludln8 In¢ome and Expenditure Account) Balance Sheet li Notes to the Financial Statements 12-20
St Andrev15, 5tapleford Parochial Church Council Charity Reference and Admlnlstrltive Details For the year ended 310ecember 2021 Charlty Name The Parochial Council of the Eccleslastil Parf5h of StAndrew, Stapleford Other name the charity uses Stapleford PCC Registered Charity Number 1158492 (harlty The Vlcaraze 43 Mlngle Lane Stapleford Cambrldge C822 55Y Charltys principal address
St Andrew's, Stapleford Parochial Church Council Names of the charity trustees who managed the charity during the year- Trustee name offi lrfanyl Dates acted if not for whole year Simon Taylor Felicity Cooke PCC Chair Vice chair Deanery Synod Rep Assistant churchwarden Elertoral Roll OFficer Churchwarden Churchwarden Curate Curate Secretary Treasurer Deanery Synod Rep To March 2022 From March 2022 Alastair MacGregor Jackie Nettleton Clare Coates Lucinda Howard Nicola West Chris Bow zzie Taylor Simon Humphrey Sue Brown Anand Pillai Jeannie Green John Bryden Sarah Kastner Valerie Powell Kirsty Campbell Martin Ginger Romie Ridley To March 2022 To Ortober 2022 From ju2022 To March 2022 From March 2022 From March 2022 From March 2022 Assistant churchwarden
St Andrew's, Stapleford Parochial Church Council Report of the Trustees Fol the year ended 31 December 2022 OBJEcfivES AND ACTivmES Summary of the purposes of the tharity as set out in its governing document Stapleford PCC has the responsibiltty of working wtth the Parish Priest, the Revd Dr Simon Taylor, to promote in the ecclesiastical parish the whole mission of the church, pastoral, evangelistic, social and ecumenical. The PCC has maintenance responsibilities for the Church of St Andrew. the Vergerfs Cottage and the Johnson Hall. Summary of the main activities in relation to those purposes for the public benefit, in particular, the activitie% projects or seNice5 identifbed in the accounts The provision of religious services on a regular basis. St Andrew's is a church for the whole community- The PCC is committed to enabling as many people as possible to worship at St Andrew's church and to become part of the church community, including offering special serVIS at Easter, Harvest, Remembrance Sunday and Christmas. We offer baptism. marriage and funeral services as requested and in accordance with Ely DI0$e instruttions. Pastoral and spiritual support is offered tothe whole community. Statement confirming whether the tru5tee5 have had regard to the guldance Issued by the Charity Commission on public benefit In provision of these acrivities we are mindful of Christian teaching 35 well as the guidance issued by the Commission on public benefit. Thus whilst our worship. eth05 and prartices are Christian and accord with the dortrine of the Church of England, activities organized or led by the church for individuals or groups are open to all and are carried out without discriminating in relation to any protected characteristic. We also work in partnership with the community to maintain the fabric of St Andrew's church and the churchyard and both are used by the wider community. Contrlbution made by volunteers The Parish Priest of St Andrew's serves as'House for Duty., receiving housing but no stipend from the Diocese. The parish contributes the full ministry share requested from it. Members of the PCC and the congregation lead and support all attivities on a voluntary basis, through a system of sub- committees of the PCC. Maintenance of the buildings and churchyard. worship and social events. pastoral work in the parish, and children's and youth work in the parish are all contributed to by volunteer members of the PCC and the church. ACHIEVEMENTS AND PERFORMANCE Summary of the maln achlevements of the charlty, Identlfylng the difference whlch the charity's work has made to the circumstances of its berbefictaries and any wider benefits to society as a whole During 2022 the church's activlties were gradually recovering from the effects of the Covid pandemic.
St Andrew's, Stapleford Parochial Church Council Worship and Proyer The PCC offers a range of seNices and other worship opwtrrtunities each week and in the course of the year. During the course of the year St Andrew's has generally offered up to three se15 on Sunday mornings, in addition to evenin8 services once a month. Every Sunday morning begins with a communion service at 9 am. The various services at 10.30 am are of different styles. They include regular Forest ChLErch services in the churchyard or Messy Church seNices in the Johnson Hall depending on the weather. These service5 have proved popular with families with young children, but also with some older members of the chijrch. The popularity of Forest Church has continued to prompt greater use of the churchyard for other services too. so that a number of services, both on special festlvals and other occasions. were successfully held in the churchyard. Special services have taken place accordin8 to the church Calendar le.g. Easter Sunday, Harvest Festival) In March 2022 at the date of the annual church meetings there were 117 person5 on the Electoral Roll. The attendance durlng an average week In Ortober 2022 was calculated to be 83. Thls represented a slight Increase from 80 in 2021. but a reduttlon from reported in 2019, which reflects the effect of the pandemic. The'usual Sunday. attendance reported In 2019 was 85. That flgure was not collected in 2021, but was 76 in in 2022. Attendance usually increases conslderably for major festivals. For Easter Eve/Day the 2022 figure was 196 Icompafed to 250 on Easter Eve/Day 20191 and for Christmas Eve/Day 2022 the 2022 figure wa5 3681449 on Christmas Eve/Day in 20191. Both Easter and Christmas were disrupted by the pandemit in 2021. Overall, therefore, attendance 15 at present generally about 225% lower than before the pandemic. The church meets monthfy outside of Sunday servlces for a prayer meetlng. It Is open to all, thoLb8h attendance is limited. Deonerysynod Four members of the PCC, In¢ludin8 the padsh priest and curate and two elected representatlves, sit on the Deanery Synod, whlch provides the PCC with an important link between the parish and wider structures of the church. The churdl buildinqp Johnson Hall and Veryerfs Cottoqe During 2022 the church remained open 24 hours a dav. The PCC'S Fabric Committee has continued to undertake and commission regular maintenance and upkeep, and volunteers do the bulk of the work necessary to maintain the churchyard. Both church groups and comrnunity groups and local service bLtsinesses use the Johnson Hall. A weekly toddler group. Little Fishes, run by the church, takes place in the Johnson Hall. This re-started at the end of 2021. The reduction in use resulting from the pandemic has been partially reversed. The Verger's Cottage provides office space for the parish. including the administrator, curate and youth worker. A local charity. the Magog Trust rent office space and use it as their postal address, and it is also used 35 a postsl address for another local charity (the Stapleford Feoffee51 and a national charlty Iwomen and the Church}. The sitting room in the cottaBe is used as a tounselling room by a local youth charity called Concrete Rose. Parlsh Mogozine The church publishes a monthly news and events magazine for the village of Stapleford, The Stapleford Messenger, which is available on subscription with copies delivered in the village and in local shops. The production of the magazine has been taken over by the Messenger Production
St Andrew's, Stapleford Parochial Church Council Group. The surplus from the magazlne is used in part to fund local, national and intemational good causes. Youth Work A paid church youth worker, Zoe Clayton, works 16 hours per week for the church. She replaced Zac Britton just as the first lockdown was beginning in 2020. In person Broups and trips stsrted again in 2021. The groups are small but well-liked by those who attend. Occasional other activities and trips also took place as circumstances allowed. In December 2022 the youth group performed a nativity play as part of an evening fundraiser, to enable members of the group to go on a Christian camp called Fort Rocky in February 2023. The StAndrev/5 Stapleford•achlngwea Unk ToBether with the local community the church runs a Link Committee with the church of St Andrew'5 in Nachingwea, Masa51 Diocese in southern Tanzanla. The Link celebrated its 40 years of operation In 2021 with a seNice in the churchyard in September. It Is thou8ht to be the longest runnin8. continuously active Parish to Parish link In the UK. The StAndrew's/Chlldren's Sodety Portnershlp In 2022 the partnership Continued to support the work of The Children's Soclety ITCSI by praying, acting and giving. The key event of the year was a service on the Feast of Christ the King at which Da8mar, Bishop of Huntin8don, presided and preached. The partnershlp committee continue to devise novel ways in which we can support the vltal work of TCS with the most vulnerable and disadvanta8ed children and young people in the country and St Andrews models these Initiatives so they can be adopted by other churches. For example. the 2021 Advent Challenge was adopted by other churches and schools and has seen further wide use In 2022. The StapleAord Communlty Worden Scheme Thls scheme, run by Cambrid8e and Peterborough Age UK but sponsored by St Andrew's has ontinued to run durlng the year. A new warden has brought great enthusiasm to the post. Flnanclal Revlew As illustrated In the financial statements on pages I20, the church's financlal position continues to be maintained predomlnantly by re8ular 8Nin8 and donations. The amount th*3 year, at £73,739, was 21% higher than in 2021 {£61,1161, although this dld include some one-off items totalling to £7,0W. Income from the parish magazine increased by nearty 9% after a statlc year in 2021. Rental income from the John50n Hall recovered post-pandemlc to £4.20912021- £1.8811. There was no further Covid-lg related income12021: £4.0481. Before investment losses, the net surplus for the year was £17.59712021= A deficit of £18.3161- The restricted funds were in surplus in the year by £18,338 12021: £14,703 deficitl- This very significant turnaround was largely due to a recovery in Feoffee5 income1£6,929 compared with £2,504 in 20211, some one-off donations. no si8nificant maintenance work and a low level of grants to Nachingwea1£2,2CKJ compared with £15,906 in 20211. The church's unrestrlcted funds Iwhich reflect the nom7al operations of the PCCI were in deficit for the year by £74112021: £3,613 deficitl. The PCC transferred £3.1IXI to The Messenger designated fund {2021.' £3,(XK)).
St Andres. Stapleford Parochial Church Council Losses on investments of £15,209 (2021: £16,290 gain). although not yet realised. oftset a large proportion of the above surplus. Net assets were £188,045 at the year end12021- £185,657}. The overall financial posltion of the PCC remains satisfartory. Statement explalning the policy for holdin8 reserves ststing why they are held It is the policy of St Andrew'5 Church. Stapleford to hold In reseNes the equivalent of three months, general running costs and three years. annual deficit of income versus expenditure Ibased on recent years, experience). It is also our policy to hold an amount for likely building works arising from the church's next quinquennial Inspection. The appropriate sum to hold In reserve for these purposes at the present time 15 £70,IJ)O. The charftvs prfnclpal sources of funds (Intludlng ary furKlralslng) The charivs principal sources of fund5 are personal giving and fees gained for wedding and funeral services Icharged in accordance with Ely Diocese pr¢xeduresl, with additional funding provided by rental income, income from the village magazine and interest on investments. A programme of fundralsing events augments the church's funds but are primarily to aid other charities e8: our link with St Andrew's Church, Nachin8wea. Tanzania as well as a range of local, natlonal and international aid charities. Two Stapleford charities provide funds for the long-term malntenance of the church fabric (see note 121. Strurture. Governance and Management Dexrlptlon of charlvs trusts." Type of governlng document Par¢xhial Church Powers Measure119561 as amended, and Church Representation Rules that came Into force on 2 January 1957. How Is the tharlty constIted? The method of appointment of PCC members is set out in the Church Representation Rules. The membership of the PCC consists of the parish priest, any other clergy licensed to the parlsh, churchwardens, deanery synod representatives, and members elected by members of the congregation who are on the electoral roll of the church. All church attenders are encouraged to register on the electoral roll and stand for election to the PCC. The PCC members are responsible ft)r making decisions on all matters of general concern and importance to the parish, including deciding how the funds of the PCC are to be spent. There may be up to two Co-opted members of the PCC. The full pcc meets six times during the year. and delegates some of its detailed work to committees for Fabric and the Johnson Hall & Vergerfs Cottage.
)t Andre$. Stapleford Parochial Church Council The Standing Committee of the PCC has the power to transact the business of the PCC beeen its meetings, subject to any dirertions given by the Council. The members are the chair, Vi-ChaIr, churchwardens, the PCC secretary (who is presently an elected lay member of the PCCI, the Treasurer la co-opted member of the PCCI. and one additional eletted lay member. Trustee selectlon melhods includlng details of any constltutl¢)nal provisions e.g. electlon to post or name of any person or body entftled to appoint one or more tWStees All members of the PCC are elected in accordan with the Church Repre5ent3tion Rules, save for the chair, who is the parish priest for the time bein& any other clergy licensed to the parish. and up to two Co-opted members. Trustees, responsilNlities in relatlon to the financial ststernents The Trustees are required by law to prepare finantial statements for each financlal year that give a true and fair view of the financial atttvities of the chartty and of its financial position at the end of that year. In preparing those financial statements. the Trustees are required to: {al select suitable accounting policies and apply them consistentty bl make judgements and estimates that are reasonable and prudent Icl state whether the policies adopted are in accordance with the Charities Act 2011 and with applicable accounting standards and statements of recommended practice. s¥Jbject to any material departures disclosed and explained in the financial statements dl prepare the financial statements on a going concern basis unless It is inappropriate to assume that the charity will continue in operation. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also re5wnsible for safeguarding the assets of the charity and hence for taking reasonab5e steps forthe prevention and detertion of fraud and other irregularities. Declarations The trustees dedare that they have approved the tru5tee< report above. Signed on behalf of the chaiiW5 trustees Slgnaturels} Full Namelsl Position Date Simon Taylor | Chair Alastair Roy MacGregor Churchwarden 13¢ iIF4 ZOLS
St Andrew's, Stapleford Parochial Church Council CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Roport to the trustee members of St Andrew's Stapleford Parochial Church Council On accounts for the year ended 31 Dember 2022 Charity no (if any) 1158492 Sel out on pages 10t020 I report to the trustees on my examination of the accounts of the above charity (Ihe Trust") for the year ended 31 December 2021. Responsibilities and basls of r8POrt As the charivs trustees. you are responsible for the preparation of the accounts in accordance with the requirements of the Chartlies Act 2011 ('the Act"). I report in respecl of my examination of the Trust's accounts carried out under sectK)n 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Chartty Commission under section 145(5)(b) of the Act. Independent I have wmpleted my examination. I confitm that no material matters hav8 examinerfs statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect.. the accounting records were not kept in accordan with section 130 of the CharitFes Act,. or the a(tounts did not accord with the accounting records; or the accounts did not comply with the applicable requirements conceming the fonn and content of accounts set out in the Charities (Accounts and Rep(*ts) Regulations 2008 other than any requirement that the accounts give a Irue and fair, view which is not a matter considered as part of an indeperident examination. I have no cOnmS and have come across no other matters in connection with the examination to which attenlion should be drawn in this report in order to enable a proper understanding of the aco)unts to be reached. Signed: Date: Name: Keith Haddow zozs Relevant professional FCA qualification{s) or body lif any): Address: 24 Mingle Lane, Stspleford. Cambs
St Andrev/s, Staplefi)rd Parochial Church Council Statement of F5nancial Activities (Including Income and Expenditure Account) For the year ended 31 December 2022 Notes Unre5trirted funds 2022 Total 2021 Total funds Incoming resources: Donations and legacies Charitable activities Other ordinary incoming resources 54.383 1,948 23,666 19.356 73,739 1,948 27,020 61,116 2,166 24,418 3.354 Investments 4,037 4,037 3.750 Total incoming resources 84.034 22,710 106,744 91.450 Resource5 expended: Raising funds Charitable activTrtie5 112,4131 172,3621 112.4131 176,734) 111,3791 198,3871 14.3721 Total resources expended 184.775} 14.3721 189,1471 1109,7661 Net incomlnglloutgoing) resources l)efore other gains and losses 1741} 18,338 17,597 118,3161 (Lossesl/Gains on investments {15.2091 115.2091 16,290 Net movement In funds {15,9501 18,338 2,388 12,0261 Reconcillatlon of funds Total funds brought forward Total funds carried forward 168,753 152,803 16,904 35.242 185,657 188,045 187,683 185,657 The statement of financial artivities includes all gains and losses in the year. All income and expenditure derives from continuing attivities. The notes on pages 12 to 20 fomi part of these financial statements. io
St Andrew's, Stapleford Parochial Church Council Balance Sheet A5 at 31 December 2022 Unrestrfcted funds Restrirted fvnds 2022 Total 2021 Total Notes Fixed assets Investments 114,542 114,542 129,751 Current assets Debtors 1,506 52,581 54,087 194 1.700 87.629 89,329 2,045 75,097 77,142 Cash at bank and in hand SLsb-total 35.048 35,242 Current liabilities Creditors= amounts falling due within one year 115.8261 115,8261 121.2361 Net current a55ets 38,261 35,242 73.503 55,906 Total assets les5 current liabilities 152.803 35,242 188,045 185.657 Total net assets 152.803 35.242 188,045 185.657 The fund5 of the charlty Restricted funds 12 35,242 35,242 152,803 16,904 168.753 Unre5trirted ftjnds 12 152.803 Total funds 152,803 35.242 188,045 185,657 The notes on pages 12 to 20 form part of these financial statements. Approved by the Trustees on 13 ra._. Zols Signaturels) Full Name{s) Position Simon Taylor Chair Alastair Roy MacGregor Churchwarden li
St Andre5. Stapleford Parochial Church Council Notes to the Financial Statements For the year ended 31 December 2022 l. Accounting Politie5 The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows: la) Basls of preparatlon The financial statements have been prepared under the Chartties Act 2011 and in accordance with the Statement of Recommended Prartice for Accounting and Reporting by Charities120151, the Financial Reporting Standard FRS 102 and relevant church accounting regulations. The charity constitutes a public benefit entity as defined by FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting poliry notels}. {bl Going concern The financial statements have been prepared on a going concem basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of fitnds held and the expected level of income and expenditure for 12 months from approving these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern. {c) Income All income is included in the Statement of Financial Activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. Income is allocated as unrestricted and restricted in accordance with fund accounting rules. The following specific policie5 are applied to particular categories of income= Income from donations and legacies includes grants and donations and is included in full in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific perforniance by the charity, are recognised when the charity becomes unconditionally entitled to the grant. Legacies are included in the Statement of Financial Artivities when the charity becomes aware of its entitlement to the gift and the amount involved can be quantified. Income from investments is included when receivable. Income from other trading attivities is accounted for when earned. 12
St Andrew's, Stapleford Parochial Church Council {dl Expenditure Expenditure is recognised on an accrual basis as a liability is incurred, split between unrestricted and restricted funds. Expenditure on raising funds comprises the costs associated with attracting donations and legacies and the costs of other trading activities. Expenditure on charttable artivities comprises those c05t5 incurred in the delivery of services to beneficiaries. It includes both cost5 that can be allocated directw to such activities and those costs of an indirect nature necessary to support them. Governance costs are those associated with meeting the constitutional and statutory requirements of the charity including costs linked to the strategic management of the charity. Identifiable direct costs are allocated between expenditure categories of the Statement of Financial Activities on on actual basis. all other costs are allocated on a departmental 'head count, basis. {el Consecrated and benefice property Consecrated and benefice property of any kind is excluded from the financial statements by Section 10121 lal & Icl of the Charities Act 2011. In Tangible fixed assets Individual fixed assets costing more than £750 are capitalised at C05t. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost over their expected useful economic INes as follows= Electronic equipment 33% straight line basis (g) Investments Investments in quoted securwtie5 and property investments are stated at market value at the balance sheet date. The Statement of Financial Activities includes the net gains and losses arising on revaluations throughout the year. Ihl Fund accounting Unrestricted fvnds are available for use at the discretM)n of the Trustees in furtherance of the general objectives of the charsty. Designated funds have been set aside from unrestrirted funds by the PCC for specific reasons. Restricted funds are subjected to restrictions on their expenditure imposed by the donor. (i) Taxation The charity is exempt from corporation tax as surplus income and gains are applied for charitable purposes. ti) Finance and operating l&ises Rentals applicable to operating leases are charged to the Statement of Financial Activities over the period they are incurred. The charity has no finance leases at present. 13
St Andrews. Stapleford Parochial Church Council 2. Incomlng resources Unrestrlrted Restrirted 2022 Totsl 2021 Total Donations and legacies: Donations and gifts Gift aid 44,852 9,531 54.383 18,293 1,063 19,356 63,145 10,594 73,739 50,793 10,323 61,116 Sub-total Charitable activities: Fee income 1,948 2,166 other ordinary incoming resources.. Hall hire 4.209 4.209 1,873 17,057 3.881 1,881 1,798 15,694 997 Fundraising Magazine sales & advertising Other income 1.873 17,057 1.481 Covid grant income Sub-total 4.048 24,418 23.666 3,354 27.020 Income from investments= Interest income 4,037 4,037 3.750 Total incomin8 resources 84.034 22,710 106,744 91,450 Please refer to Note 3 for associated resour5 expended. 14
St Andre5, Stapleford Parochial Church Council 3. Resources expended Unrestrirted Restricted 2022 Totsl 2021 Total Expenditure on raising fullds= Magazine printing COStS Other trading activities- hall upkeep Sub-total 10.113 2,300 12,413 10,113 2.300 12.413 9,461 1,918 11,379 Expenditure on charitable artivwties= Ministry shale Administrative costs 25,801 12,255 2.364 2.551 5,582 434 25,801 12,740 2,364 2,551 5,970 434 25,498 12,039 2,344 2,490 12,570 339 485 Insurance Repairs & maintenance Events & entertaining Missions & charities 3.499 5,299 2,355 9,189 10,031 24,848 990 Upkeep of services Choir, robes & music Youth work & education Depreciation Sub-total 2,355 9,189 10,031 7,246 9,225 528 72.362 4,372 76,734 98,387 Total resources expended 84,775 4,372 89,147 109,766 4. Stsff Costs 2022 2021 Salary costs National insurance contribution 17,532 85 15,538 Total staff cost5 17,617 15.538 The average number of employees during the year was 212021= 21 15
St Andrew's, Stapleford Parochial Church Council 5. Tangible Flxed Assets Electronic Equipment Cost At l January 2022 and 31 December 2022 2,137 Depreciation At l January 2022 and 31 December 2022 2,137 Net book value at 31 December 2022 Net book value at 31 December 2021 The PCC owns the freehold of the Johnson Hall and Vergerfs Cottage which it acquired from the diocese in 19S4. This asset was not capitalised in the accounts of prior periods and the trustees have decided there is no material benefit in obtaining a formal valuation. For insurance purposes, the property was valued at £2,9(N),OCMJ on the last renewal date in September 2022. 6. Fixed A55et Investments Unr•strirted 2022 2021 CCLA share fund investment-. At l January ILossesl/Gains on revaluation Market value at 31 December 105.801 112,3991 93.402 92,500 13,301 105,801 CCLA propety fund investment: At l January ILossesl/Gains on revaluation Market value at 31 December 23,950 12,8101 21,140 20,961 2,989 23,950 Total market value of investments at 31 December 114,542 129,751 16
St Andre5, Stapleford Parochial Church Council 7. Debtors Unrestricted Restrlcted 2022 2021 Debtors 1,215 291 194 1,409 291 1.560 485 Prepayments Total 194 1,7CX) 2,045 8. Cash at bank and In hand Unrestricted Restrfrted 2022 2021 Cash at bank 52.581 35,048 87.629 75,097 9. Creditor5'. amounts falllng due within one year Unre5trirted Re5tsitted 2022 2021 Creditors 844 1,635 5,900 13,701 Accruals 1,597 13.385 1,597 13.385 Deferred income Total 15,826 15.826 21,236 10. Lease commitments 2022 2021 Total value of future photocopier rental payments 1,933 3,096 11. Transactlons wlth trustees and related parties No trLtstee received any remuneration during the year12021- Nil}. Expenses amounting to £31612021- £3681 were reimbursed to one trustee12021= One). 17
St Andres, Stapleford Parochial Church Council There were no related partytransactions12021: None). 12. Funds l January 2021 Movement during 2021 31 December 2021 31 December 2022 Movement during2022 Restrlcted funds: Estate fund 18,457 12,675 {6,4011 (7,8271 12,056 13,S42 4,796 25,598 9,644 Nachingwea fund Children's Society & Warden Scheme 475 {4751 Total Restrirted funds 31.607 114,703) 16,904 18,338 35,242 Unrestrftted fund5: Johnson Hall fund 25.838 47,728 77,527 1371 15,314 25.801 63.042 77,527 1,909 120,8591 27,710 42,183 77,527 General fund Legacy fund Designated funds- Messenger Fund 4.983 {2.6CN)I 2.383 3.CXJO 5,383 Totsl Unrestricted funds 156.076 12.677 168,753 115,9501 152,803 Totsl fvnds 187.683 12.0261 185,657 2.388 188,045 l. Restricted FurK15 Estate Fund The Estate fund was established to fund major repairs to the church large, but not exclusively* arising out of the quinquennial inspertion. tt is primarily supported by two Stapleford village chartties. AlthoL¢gh these are independent of the PCC. the Parish Priest and the churchwardens serve as trustees of both charities. The Feoffees charity regularly gives three-fifths of its income each year; it gave £6,929 in 202212021= £2.5041. The Friends of St Andre5 raises funds for the long-term maintenance of the church fabric. Any request from the PCC is considered by the trustees of The Friends on its merit. The PCC received £2,500 (2021: £Nill from this source in 2022. Nachin ea Fund The Nachingwea fund receives money from regular donations. specific appeals and fund-raising events. Its fvnds are applied in support of St Andrew's church in Nachlngwea. Tanzania and its parishioners.
St Andrev/s, Stapleford Parochial Church Council Other The church operates two other small funds for causes which it supports. The Children's Society fund, which has been established for a number of years. and the Community Warden Scheme fund which was set up in 2019. Both receive money from occasional events Ofganised by the PCC. During the year, income into The Children's Society fund was £1.09312021'. £6651 and expenditure was also £1,09312021.' £7391. Income into the Communtty Warden Scheme fund was £20612021.. £7401 and expenditure was also £212021. £1,141}. There was no net surplus or deficit on either of these funds12021.. £475 deficit). 2. Unrestricted Fund5 Although separate records are maintained for admirtistrative purpose5, these funds are collectively available to the PCC to utilise as it deems appropriate. Apart from the Messenger Fund, these funds have not been designated for any particular purpose- the separate headings are a record of where the funds have been sourced. Johnson Hall Fund Profitslllossesl on the operation of the hall are accumulated in this fund and it is expected that they will be called upon first in the event of any maintenance costs. Le Fund The source of this fund was a significant legacy with no conditions attached. This fund constitutes the bulk of the PCC'S investment portfolio. the income from which is attumulated dirertly into the general fund. General Fund This fund receives its income primarify from member donations, the magazine and other routine parochial activities. It funds the day-to-day operations of the PCC and the diocesan ministry share. Desi nated Fund- Messen r Fund The PCC allocates a proportion of the surplus generated by the parish magazine (The Stapleford Messenger) to support local charitable and other village-related activities. A designated fund was established for the purposes of receiving and paying OLrt these monies. 2022 2021 Balance at l January Transfer in from General Fund 2,383 4,983 3,OLKI (S,6) Grant payments Balance at 31 December 5.383 2,383 19
St Andre$. Stapleford Parochial Church Council 13. Analysis of net assets bEtween funds 2022 Unrestricted Designated Restricted Total Fixed assets Tangible assets Investments 114,542 114.542 Current assets Debtor5 194 1,700 87,629 Cash at bank and in hand 47.198 5,383 35,048 Current liabilities Creditors- due within one year 115,8261 115,8261 Net assets 147,420 5.383 35,242 188,045 2021 UnrestTiCted Designated Restricted Total Fixed assets Tangible assets Investments 129,751 129,751 CUrnt assets Debtors 1.792 56.063 253 2,045 75,097 Cash at bank and in hand 2.383 16.651 Current Ilabilities Creditors- due within one year 121,2361 121,2361 Net assets 166.370 2.383 16, 185.657 20