Trustees Annual Report and Financial Statements
The Parochial Church Council of Saint Mary, Kemp Town Year ended 31 December 2022
| Contents | |
|---|---|
| Annual Report | 2 |
| Report of the Independent Examiner | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 |
| Statement of Assets and Liabilities | 10 |
| Fund movement by type | 11 |
| Analysis of Income and Expenditure | 12 |
| Notes to the financial statements | 14 |
St Mary’s Church, Kemp Town, 61 St James’s Street, Brighton BN2 1PR Registered Charity No. 1158922
Incumbent: The Reverend Andrew Woodward, 10 Chesham Street, Brighton BN2 1NA Independent Examiner: Ms Annabel Burrows, 34 Langham Road, Teddington, Middx, TW11 9HQ
Page 1
The Parochial Church Council of Saint Mary, Kemp Town
Year Ended 31 December 2022
Trustees Annual Report for 2022
Structure, Governance and Management
The Parochial Church Council of the Ecclesiastical Parish of Kemp Town: Saint Mary is a registered charity, no. 1158922.
During the year, the following served as members of the PCC:
Ex Officio Members Incumbent: The Reverend Andrew Woodward, Chairman Mrs Margaret Green, Reader Mrs Joanna Gordon-Hall, Reader The Reverend Sarah Van den driessche, Assistant Curate (from June 2020) Churchwardens: Ms Kaye Inglis Mrs Jane Chetwynd-Appleton, also PCC Secretary Elected Members: Ms Rebecca Donoher Mrs Gladys Mundowa Ms Naume Chawuluka Mr Michael Folkard Ms Jane Pritchard (from April 2022) Mr Philip Davis, Treasurer Deanery Synod Representatives: Mr Paul Stacey Mrs Denise Sutherland Mr Philip Davis
Membership of the PCC is determined under the Church Representation Rules and consists of certain ex-officio members (the incumbent, lay readers licensed to officiate in the church, the churchwardens, and members of the Deanery, Diocesan and General Synods), and up to nine members of the church, who are elected at the Annual Parochial Church Meeting (APCM). Members are warmly encouraged to stand for membership of the PCC and we try to ensure a balance of skills and experience where possible.
Aim and Purposes
The primary objective of St Mary’s PCC is the promotion of the gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England. The PCC has the responsibility of cooperating with the incumbent, the Reverend Andrew Woodward, in promoting in the ecclesiastical parish the whole mission of the Church - pastoral, evangelical, social and ecumenical.
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Objectives and Activities
Our mission is to promote and secure the future of St Mary’s as a church that meets the spiritual needs of our parishioners and visitors to our parish, provides a welcoming space for secular public use and positions itself as an asset and resource for the whole community.
The PCC maintains an overview of worship throughout the parish and proposes and nurtures services and activities to engage the diverse groups that live within our parish.
Our services and worship put faith into practice through prayer and scripture, music and sacrament. When planning our activities for the year, the Incumbent and the PCC have considered the Charity Commission’s guidance on public benefit, and, in particular, the specific guidance on ‘charities for the advancement of religion’. In particular, we try to enable local people to live out their faith as part of our parish community through:
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worship and prayer: learning about the gospel, and developing their knowledge of and trust in Jesus Christ,
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provision of pastoral care for people living in the parish,
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missionary and outreach work.
Maintaining the fabric of St Mary’s Church and of St Mary’s Church Hall and improving the facilities of both buildings are essential to achieving our mission.
Achievements and Performance
Church attendance and ceremonies
At 31 December 2022, there were 105 members on the church roll, of whom over 70% are not resident in the parish. The weekly attendance in 2022, counted during October in accordance with the church statistics requirement was 63, compared with 53 in 2021.
There was one baptism, one thanksgiving and one confirmation in 2022. Parish clergy conducted two funerals at St Mary’s and three at crematoria. There were two burials at other churches, and one burial of ashes.
Review of the year
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As well as in person, Sunday worship was live-streamed every Sunday. Public worship at the smaller weekday services has continued. We were able to conduct our normal complement of Christmas services in public with the Mayor for Brighton and Hove, Cllr Lizzie Deane and MP for Kemp Town, Lloyd RussellMoyle in attendance.
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The full PCC met six times during the year, in January, February, May, July, September and December. Each meeting was quorate. Minutes of the deliberations were received by the full PCC and discussed where necessary.
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On 19th February we held a Quiz night and Fish and Chip supper in church with our wonderful compere Fr Robert Easton.
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On 23rd February, Amex kindly donated to us 30 portable white chairs which were used in the St James’s Chapel whilst the Lady Chapel was not in use due to the South Aisle window repairs. We retain them.
Page 3
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We installed cabling for new cooking facilities in our Hall in February 2022 for use by St Anne’s Centre. Sadly the Trustees decided to terminate the memorandum of understanding in May 2022 as they no longer wished to continue to rent the hall.
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A new heating boiler was installed in the Church Hall flat on 25 March 2022 funded primarily by an anonymous donation from a member of the congregation.
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On Sunday 1 May we welcomed the choir of St Catherine’s School, Cambridge to lead our Sunday worship. A lovely event enjoyed by all.
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The work to the South Aisle Windows was completed in June 2022, the Archdeacons loan repaid in September 2022 and any balance of the project met from donations and cash-flow.
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On Saturday 2 July and Sunday 3 July we hosted at St Mary’s two services for the ordination of most of the Deacons across the Diocese with Bishop Ruth Bushyager officiating at both services.
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Throughout the year St Mary’s has hosted three sessions in person of the Brighton Deanery Synod in February, June and November. Fr Andrew completes eight years as Rural Dean on 31 January 2023
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In October we welcomed Jaclyn Colbert on an 8 week placement from St Peter’s as part of the discernment process towards a selection conference for ordination training.
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On Sunday 16 October, we welcomed The Very Revd Dr John Hall to preach at the 144th anniversary of consecration of the current church building.
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On 26 November, we held an enjoyable Christmas Fair in church between 10am and 4pm, which was also useful in raising funds.
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Our Christmas services were well attended, including a fabulous Crib service led by our Curate, Revd Sarah with over 40 adults and 30 children attending. A real highlight and the best attended in recent years. Our Christmas Day drop in lunch served over 120 people including families with small children. Our Christmas appeal raised £3,049.
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Sadly our dear friend Sheila Stacey passed away in Princess Royal on 30 December. We give thanks for her life and witness and commitment to St Mary’s over so many years.
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Grants from ASDA, Brighton College, The Culture Recovery Fund, The Diocese of Chichester, The John Booth Charitable Trust, The Letitia, Tarner, Tilbury Trust, The Police Proceeds of Crime Fund (POCA), St Mary’s Hall Association, St Anne’s Trust, the Sussex Historic Churches Trust, and St Wulfran’s Church are gratefully acknowledged in 2022 and noted respectively below under section 9 on page 15.
Page 4
Financial Review
- Total receipts (general unrestricted and restricted funds) were £191,512. Total outgoings were £178,325, a surplus of income over expenditure of £13,187. To this must be added an insurance claim of £10,730 due to Storm Eunice. However, because these figures include significant amounts of income and expenditure related to the building works, the overall surplus does not clearly show the underlying financial results of St Mary’s, which can be summarised as follows:
| Underlying | Building project | Total | |
|---|---|---|---|
| Results | Income/Expenses | Performance | |
| Income | 147,755 | 43,757 | 191,512 |
| Expenditure | 128,658 | 49,667 | 178,325 |
| Net Surplus | 19,097 | (5,910) | 13,187 |
| Other Income - Insurance claim | 10,730 | ||
| Surplus | 23,917 |
Towards the end of 2022 we received an energy costs grant of £21,700 from the Diocese of Chichester. Without that we would have made an overall small surplus of £2,217.
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The largest items of PCC expenditure were £51,571 net of VAT spent on major building repairs, including architect’s fees on the South Aisle Windows project. £800 was pad towards this in 2021 and £1,104 is due to be paid in 2023 - a retention of 5%. Net amount in accounts correct as £49,667.
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£30,000 was paid in the year to the Diocese as our pledge towards the Parish Ministry Contribution (PMC). This pays towards a 0.67 stipend for the incumbent, housing for the clergy, a contribution to clergy pensions, and a standard sum for diocesan central costs, diocesan clergy training and a contribution to the national church funds.
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During the year a further working capital loan of £50,000 was repaid to the Diocese of Chichester in relation to the major building works on the church building. Whilst grants had been awarded for this project, some of these funds will not be paid until the works are complete and invoices can be produced. These funds were ring-fenced in a separate account and were not spent during the year. This loan was generously made on an interest-free basis, with a repayment date of 31 December 2022. The sum was repaid in full in September 2022.
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We maintain a balance of designated funds via our CCLA deposit account which stood at £26,079 at the end of 2022 made up of Letitia Trust balances of £600, Proceeds of Crime - £1,500 for CCTV, Retention on South Aisle windows £1,104, the St Mary’s Hall Assn, music grant, £1,175 and the Diocesan energy grant £21,700. The restricted funds as per two of our investment funds are detailed in our accounts and have the Diocese as Custodian Trustee. The Friends account is designated for fundraising purposes. The Friends account balance of £400 is held on a separate Barclays deposit account.
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Reserves policy
It is PCC policy to maintain a balance of £50,000 in unrestricted funds for emergency building repair, and additionally a balance of four months’ general expenditure in unrestricted funds.
It is PCC policy to invest funds with the CBF Church of England Deposit Fund. The fund balance at 1 January 2022 was £3,000 and at 31 December 2022, £26,079.14, primarily as a result of the energy grant from the Diocese of £21,700.
The Archdeacon’s loan of £50,000 was repaid on 12 December 2022 in advance of the deadline, 31 December 2022.
Total cash available as at 31 December 2022: £138,444. Approved and signed on their behalf by
Reverend Andrew J Woodward Chair of Trustees.
25th February 2023
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Parochial Church Council of the Ecclesiastical Parish of Kemp Town: Saint Mary Year ended 31 December 2022
Independent Examiner’s Report to the Parochial Church Council,
St Mary’s Church Kemp Town, Brighton
I report to the Trustees on my examination of the accounts of the Parochial Church Council (PCC) of St Mary’s Church Kemp Town, Brighton.
Responsibilities and Basis of the Report
As the charity trustees of the Parochial Church Council, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the PCC’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the PCC as required by section 130 of the Act, or,
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the accounts do not comply with those records; or
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the accounts do not comply with the applicable requirements concerning the form and contents of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a “true and fair view” which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed
Name: Ms Annabel Burrows
Relevant professional qualification: Company Director and former Senior Bank Manager
Address: 34 Langham Road, Teddington, Middx, TW11 9HQ.
Date: 2 March 2023
Page 7
Statement of Financial Activities
| Unrestricted | Designated | Restricted | Total | Prior year | |
|---|---|---|---|---|---|
| Income and endowments from: | |||||
| Donations and legacies | 44,460 | - | 44,460 | 60,161 | |
| Income from charitable activities | 56,381 | - | - | 56,381 | 48,449 |
| Investments | 3,208 | - | - | 3,208 | 3,350 |
| Other income | 94,918 | 3,275 | - | 98,193 | 127,213 |
| Total income | 198,967 | 3,275 | - | 202,242 | 239,173 |
| Expenditure on: | |||||
| Raising funds | 6,892 | - | 6,892 | 2,002 | |
| Expenditure on charitable activities | 81,421 | - | - | 81,421 | 79,023 |
| Other expenditure | 90,012 | - | - | 90,012 | 208,376 |
| Total expenditure | 178,325 | - | - | 178,325 | 289,401 |
| Net income / (expenditure) resources before | 20,642 | 3,275 | - | 23,917 | (51,264) |
| transfer | |||||
| Transfers | |||||
| Gross transfers between funds - in | - | - | - | ||
| Gross transfers between funds - out | - | - | - | ||
| Other recognised gains / losses | |||||
| Gains / losses on investment assets | - | (15,751) | (429) | ||
| Net movement in funds | - | (15,751) | (50,657) | ||
| Total funds brought forward | - | 190,284 | 240,941 | ||
| Total funds carried forward | - | 198,450 | 190,284 | ||
| Represented by | |||||
| Unrestricted | |||||
| General fund | 23,512 | - | 23,512 | 22,779 | |
| Designated | |||||
| - | - | - | - | - | |
| Investment assets | 74,782 | - | 74,782 | 85,984 | |
| Diocese as Custodian Trustee | 31.877 | 31,877 | 36,426 | ||
| Tangible assets | 41,800 | - | 41,800 | 41,800 | |
| POCA Proceeds of Crime CCTV | - | 1,500 | 1,500 | - | |
| Friends Fund | 400 | 400 | 295 | ||
| LTT Fund | 600 | - | 600 | 1,000 | |
| South Aisle windows | 1,104 | - | 1,104 | 2,000 | |
| St Mary’s Hall - Music fund | 1,175 | - | 1,175 | - | |
| Diocesan Energy Grant | 21,700 | - | 21,700 | - | |
| 166,573 | 31,877 | 198,450 | 190,284 |
Page 8
Balance sheet
Class and code Description
year Prior y
| Fixed assets 6000 CBF deposit fund 610369002D 6010 CBF Investment Fund Income 610369001S 6020 CBF Fixed interest 610369001F 6030 CBF Investment General Religious 110001101S 6040 CBF Fixed Interest Sunday School 110001259F Sub Total Funds 7000 Church Hall - at cost freehold property 7010 Church Hall Flat - renovations at cost 7020 Equipment - at cost 7030 Piano Total Fixed assets Current assets 5000 Barclays Church a/c 2734 5010 Barclays Friends a/c 3047 5020 TDS Custodial Z05 Accounts Receivable Total Current assets Liabilities 6998 Diocesan loan 6699 Agency collections and accounts payable Z04 Barclaycard Total Liabilities Net Asset surplus(deficit) Reserves Excess / (deficit) to date Z01 Starting balances Z02 Gains/(losses) on investment assets Total Reserves Represented by funds Unrestricted Designated Restricted Endowment Total |
26,079 3,000 18,049 20,458 56,733 65,526 18,141 20,561 13,736 15,865 132,738 125,410 12,725 12,725 26,122 26,122 3,159 3,159 18,000 18,000 |
|---|---|
| 192,744 185,416 6.362 6,001 400 295 - - - - |
|
| 6.762 6,296 - - (660) (172) 1,716 1.600 |
|
| 1,056 1,428 |
|
| 198,450 190,284 |
|
| 23,917 (50,228) 190,284 240,941 (15,751) (429) |
|
| 198,450 190,284 23,512 22,779 143,061 164,210 31,877 3,295 - - |
|
| 198,450 190,284 |
Page 9
Statement of assets and liabilities
| General Designated Restricted Endowment Thisyear Lastyear | |
|---|---|
| Fixed assets - Heritage assets Church Hall - at cost freehold property - Church Hall Flat - renovations at cost - Equipment - at cost - Totals Fixed assets - Investments CBF deposit fund 610369002D - CBF Investment Fund Income 610369001S - CBF Fixed interest 610369001F - CBF Investment General Religious 110001101S - CBF Fixed Interest Sunday School 110001259F - Totals Fixed assets - Tangible assets Piano - Totals Current assets - Cash at bank and in hand Barclays Church a/c 2734 - Barclays Friends a/c 3047 - TDS Custodial - Totals Current assets - Debtors Accounts Receivable - Totals Liabilities - Agency accounts Agency collections - Totals Liabilities - Creditors: Amounts falling due in one year Barclaycard Accounts Payable Diocesan Loan - repaid Totals Grand total |
- 12,725 - - 12,725 12,725 - 26,122 - - 26,122 26,122 - 3,159 - - 3,159 3,159 |
| - 42,006 - - 42,006 42,006 - 26,079 - 26,079 3,000 - 18,049 - - 18,049 20,458 - 56,733 - - 56,733 65,526 - 18,141 - 18,141 20,561 - 13,736 - 13,736 15,865 - - - - - - - - - - - |
|
| - 100,861 31,877 - 174,745 169,589 - 18,000 - - 18,000 18,000 |
|
| - 18,000 - - 18,000 18,000 6,362 - - 6,362 6,001 400 - 400 295 - - - - - |
|
| 6,362 400 - 6,762 6296 - - - - - 357 |
|
| - - - - - 357 (173) - - - (173) 172 |
|
| (173) - - - (173) 172 1,716 - , - 1,716 (487) - - - (487) 1,428 - |
|
| 1,229 161,267 31,877 - (1,056) (1,428) |
|
| 5,306 161,267 31,877 - 198,450 190,284 |
Page 10
Fund movement by type
| Opening IncomingOutgoing Transfers Gains/losses Closing |
|
|---|---|
| Invest Investment Assets Restricted Sub-total for inv res Invest Investment Assets Designated Sub-total for inv des Proceeds of Crime CCTV Designated Sub-total for CCTV Friends - Friends Fund Designated Sub-total for Friends LTT - LTT Fund Designated Sub-total for LTT South Aisle windows Designated Sub-total for Windows Music Fund Designated Sub-total for Music Diocesan Energy Grant Designated Sub-total for Energy grant Tangible - Tangible assets Designated Sub-total for Tangible General - General fund Unrestricted Sub-total for General Grand total |
36,426 - (4,549) 31,877 |
| 36,426 - - - 85,984 - - - (11,202) 74,782 - - - - |
|
| 85,984 - - - 74,782 1,500 1,500 - - - - - - |
|
| 1,500 - - - 1.500 295 105 - - 400 |
|
| 295 105 - - 400 1,000 600 1,000 - - 600 |
|
| 1,000 600 1,000 - - 600 2,000 1,104 2,000 1,104 - - - - |
|
| 2,000 1,104 2,000 - - 1,104 - 1,175 - - - 1,175 |
|
| - 1,175 - - - 1,175 - 21,700 - - - 21,700 |
|
| 21,700 - - - 21,700 41,800 - - - - 41,800 |
|
| 41,800 - - - - 41,800 22,779 176,058 175,325 - 23,512 |
|
| 22,779 176,058 175,325 - - 23,512 |
|
| 190,284 202,242 178,325 - (15,751) 198,450 |
Page 11
Analysis of income and expenditure
INCOME AND ENDOWMENTS Donations and legacies 0100 - Giving: gift aided 0110 - Giving: Cash from services 0120 - Giving: non-gift aided 0200 - Other donations - Donations /candle 0210 - All other donations 0220 - All other donations - Refreshments 0240 - All other donations - Flowers 0270 - All other donations – Just Giving receipts 0320 - Gift aid recovered 0340 - Legacies received 0520 - Friends donations Total Income from charitable activities 0230 - Loyalty Bank payments 0510 - Proceeds from Fund raising - Events 0700 - Church lets 0710 - Church Hall lets: St Anne's Trust 0720 - Church Hall lets: Ad hoc 0730 - Church Hall lets: Flat 0740 - Church Hall 0741 - Church Hall - Koalas 0800 - PCC Gross fees Total Investments 0600 - Investment income Total Other income 0330 - VAT recovered via LPWGS 0400 - Grant income HLF Tower room - balance 0405 - Grant Income - Phase II, South Aisle(22) 0410 - Grant income – Letitia,Tilbury 0420 - Grant income Sussex Historic Churches Trust 0430 - Other Grant Income – see note 9 0001 - Diocesan Energy Cost Grant 0000 - Covid-19 grant BHCC 0950 - JRS – Job Retention Scheme 0951 - Other Income - Big Issue Total |
Unrestricted Designated Restricted Insurance This year Last year 23,395 - - - 23,395 29,083 4,693 - - - 4,693 4,533 2,786 - - 2,786 2.233 5.297 - - - 5,297 5.533 - - - - - 1,875 131 - - 131 74 - - - - - - - - - - - 821 - - - 821 2,980 7,327 - - 7,327 8,840 - - - - - 5,000 10 - - - 10 10 |
|
|---|---|---|
| 44,460 - - 44,460 60,161 58 - - - 58 40 8,003 - - - 8,003 957 14,400 - - 14,400 9,737 7.755 - - 7,755 10,340 1,656 - - - 1,656 - 3.400 - - 3,400 5.500 19,962 - - 19,962 19,699 217 - - 217 153 930 - - - 930 2,023 |
||
| 56,381 - - 56,381 48,449 3,208 - - - 3,208 3,350 |
||
| 3,208 - - - 3,208 3,350 10,831 - - - 10.831 26,449 - - - - 1,090 41,257 - - - 41,257 76,934 600 - 600 500 2,500 - - - 2,500 6,000 3.752 2,675 - 6,427 4,500 21,700 - - - 21,700 - - - - - 8,301 - - - - - 832 4,148 - - - 4,148 2,607 |
||
| 84,188 3,275 10,730 98,193 127.213 |
||
| INCOME TOTAL | 188,237 3,275 10,730 202,242 239,173 |
Insurance claim £10,730 received in 2022
Page 12
| Unrestricted | Designated | Restricted | Endowment | This year | Last year | |
|---|---|---|---|---|---|---|
| EXPENDITURE | ||||||
| Raising funds | ||||||
| 2200 - Fees – Recitals/events | 6,590 | - | - | 6.590 | 1,696 | |
| 2215 - Church Licensing | 302 | - | - | - | 302 | 306 |
| 2216 - HLF Phase II expenses | - | - | - | - | - | - |
| Total | 6.892 | - | - | 6,892 | 2,002 | |
| Expenditure on charitable activities | ||||||
| 2000 - Parish Ministry Contribution | 30,000 | - | - | - | 30,000 | 40,000 |
| 2099 - Venue Administrator | 1,851 | - | - | - | 1,851 | 2.032 |
| 2101 - Activities Manager salary inc PAYE | 3.954 | - | - | - | 3,954 | 8,175 |
| 2110 - Tax – HMRC included in 2101 | - | - | - | - | - | - |
| 2220 - Fees - Deputizing clergy | 470 | - | - | - | 470 | 316 |
| 2230 - Fees - Deputizing organists | 2,720 | - | - | - | 2,720 | 2.855 |
| 2300 - Bank and card charges | 565 | - | - | - | 565 | 510 |
| 2630 - Church - maintenance | 18,827 | - | - | - | 18,827 | 10,516 |
| 2660 - Church - Music (Organ and piano | 2,046 | - | - | - | 2,046 | 790 |
| upkeep) | ||||||
| 2700 - Admin Professional development | 1,226 | - | - | - | 1,226 | 507 |
| 2800 - Utilities Church Electricity | 3,082 | - | - | - | 3,082 | 1,674 |
| 2810 - Utilities - Church Gas - Main | 7,210 | - | - | - | 7,210 | 5.583 |
| 2820 - Utilities Church Gas - Vestry | 811 | - | - | - | 811 | 232 |
| 2830 - Utilities - Church Water | 170 | - | - | - | 170 | 127 |
| 2840 - Utilities - Church Hall Electricity | 3,335 | - | - | - | 3,335 | 2,036 |
| 2850 - Utilities - Church Hall Gas | 2,610 | - | - | - | 2,610 | 1,871 |
| 2860 - Utilities - Church Hall Water | 1,140 | - | - | - | 1,140 | 571 |
| 2900 - Church Hall - Cleaning | 396 | - | - | - | 396 | 212 |
| 2910 - Church Hall - Consumables | 1,008 | - | - | - | 1,008 | 576 |
| 2960 - Cost of events & fundraising activities | - | - | - | - | - | 440 |
| Total | 81,421 | - | - | 81,421 | 79,023 | |
| Other expenditure | ||||||
| 2210 - Fees - Diocese | 445 | - | - | - | 445 | 1.249 |
| 2410 - Vicarage council tax | 2,568 | - | - | - | 2,568 | 2,481 |
| 2420 - Vicarage water rates | 642 | - | - | - | 642 | 584 |
| 2450 - Telecoms - Church | 1,137 | - | - | - | 1,137 | 1,155 |
| 2460 - Asbestos removal | - | - | - | - | - | 14,362 |
| 2470 - Telecoms Vicarage | 856 | - | - | - | 856 | 1,146 |
| 2600 - Church - Liturgical supplies | 1,091 | - | - | - | 1,091 | 872 |
| 2610 - Church - Charitable giving | 1,571 | - | - | - | 1,571 | 2,847 |
| 2620 - Church - Consumables | 1,863 | - | - | - | 1,863 | 2,501 |
| 2625 - Church - Equipment | 874 | - | - | - | 874 | 855 |
| 2635 - Church - Insurance | 6,284 | - | - | - | 6.284 | 6,129 |
| 2640 - Church - Major repairs/ Tower room | 600 | - | - | - | 600 | 8,400 |
| 2640 - Church - Major Repairs 2022 incl. VAT | 59,611 | - | - | - | 59,611 | 127,709 |
| £9,944 | ||||||
| 2710 – Phase II retention – Stone Edge | - | - | - | - | 9,560 | |
| 2920 - Church Hall - Maintenance | 6,559 | - | - | - | 6,559 | 5,321 |
| 2930 - Church Hall Insurance | 1,356 | - | - | - | 1,356 | 1,292 |
| 2940 – Church hall - Major Repairs | 2,323 | - | - | - | 2,323 | 19,203 |
| 2950 - Other Expenditure | 2,232 | - | - | - | 2,232 | 2,710 |
| Total | 90,012 | - | - | - | 90,012 | 208,376 |
| EXPENDITURE TOTAL | 178,324 | - | - | 178,325 | 289,401 | |
| Surplus/Deficit | - | 23,917 | (50,228) |
Page 13
Notes to the Financial Statements
1. ACCOUNTING POLICIES
(a) Basis of Accounting
The annual accounts have been prepared under the historical cost convention and accruals basis. They are compiled using the Zero accounts package.
(b) Fixed assets
All fixed assets are initially recorded at cost.
(c) Investments
Investments are recorded at market value.
2. TANGIBLE FIXED ASSETS
| 2021 | 2020 | |
|---|---|---|
| Church | - | - |
| Church Hall – at cost freehold property | 12,725 | 12,725 |
| Church Hall Flat – renovations at cost | 26,122 | 26,122 |
| Equipment – at cost | 3,159 | 3,159 |
| Piano | 18,000 | 18,000 |
| --------------- | --------------- | |
| 60,006 | 60,006 | |
| --------------- | ------------ |
3. INVESTMENTS
The investments are held by the Central Board of Finance on behalf of St Mary’s Church, Kemp Town, Brighton.
Income from investments, at £3,208 was slightly down on last year, £3,350, due to a continued reduction in bond yields.
The capital value of the investment funds reduced overall by £15,751 in the year due to a reduction in bond yields. No capital withdrawals were made from our investment funds in the year.
4. INVESTMENT ASSETS
CBF deposit fund 610369002D account is an interest-bearing account used to park funds until they need to be applied, at which point they are transferred into the main bank account. The fund stood at £26,079 at 31 December 2022. The total for the other investment fixed assets is as follows:
| Unrestricted | Restricted | Endowment | Total funds | Prior year | |
|---|---|---|---|---|---|
| funds | funds - Cust. | funds | total funds | ||
| Trustee | |||||
| Investment | £74,782 | £31,877 | - | £106,659 | £122,410 |
| Assets |
Page 14
5. AMOUNTS FALLING DUE WITHIN ONE YEAR
Creditors due within one year are broken down as follows:
| Diocesan Loan General fund (Unrestricted) |
2021 2020 - - 1,056 1,428 |
|---|---|
| 1,056 1,428 |
6. LEGACY
No legacies were received in the year.
7. GIFT AID AND LISTED PLACES OF WORSHIP GRANT SCHEME
The sum of £7,327.01 was recovered in this calendar year from Gift Aid which includes the Gift Aid Small Donation Scheme GASDS, made up of donations via the contactless device “Good Box”, donations and candle box. We are now reclaiming gift aid at regular three monthly intervals.
The amount of equivalent VAT claimed under the Listed Places of Worship Grant Scheme (LPWGS) amounted to £10,830.78.
8. INSURANCE
Until 31 December 2017, the cost of insuring the church building was included in the Parish Ministry Contribution. This changed on 1 January 2018 and the insurance is now paid directly to our insurer, Ecclesiastical, in monthly instalments, for an annual total of £6,284.14
The church hall has always been insured separately with the same insurer. The amount paid in 2022 was £1,356.17. Claims were made in April 2022 from damage to five sections of the main Church roof from Storm Eunice. Ecclesiastical paid out a total sum of 10,730.
9 . OTHER GRANT INCOME
| Archbishops Council - Culture | |
|---|---|
| Recovery Fund |
£41,257 ** |
| Sussex Historic Churches Trust | £2,500 ** |
| Diocese of Chichester-energy grant | £21,700 |
| John Booth Charitable Trust | £1,000 |
| Letitia Tilbury Tarner | £600 |
| ASDA Community Fund | £1,000 |
| St Mary’s Hall Assn - Music | £1,175 |
| St Anne’s Trust | £1,500 |
| Police Proceeds of Crime CCTV | £1,500 |
| St Wulfran’s Church | 250 |
| BHCC | 2 |
| TOTAL | £72,484 |
** Towards South Aisle Window project.
There were no Local Authority or Government grants paid in 2022. No payments were made to Trustees in the year other than reimbursement of legitimate expenses.
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