ST MARY’S AND ST FRANCIS PAROCHIAL CHURCH COUNCIL ANNUAL REPORT FOR 2022 ## 2022 ANNUAL REPORT AND ACCOUNTS ## for the Parochial Church Council of ## St Mary’s and St Francis, Barcombe ## **Page** **1 to 3 Annual Report** - **4 Financial Review** - **5 Administrative information** - **8 Report of the Independent Examiner 9 Statement of Financial Activities** **10 Balance Sheet** ## **11 to 16 Notes to the accounts** Website: www.barcombe.net/church/ ## Incumbent:[The Rev’d Sam Carter ] The Rectory, 1 The Grange, Barcombe, Lewes, BN8 5AT Donna Leppitt, Independent Examiners Ltd, Unit 2, The Broadbridge Business Centre, Delling Lane, Bosham, PO18 8NF Principal Bankers: CAF Bank Ltd, Kings Hill, West Malling ME19 4TA Registered Charity no: 1159084 ST MARY’S AND ST FRANCIS PCC ANNUAL REPORT 2022 ## Our aims and purposes as a charity The Parochial Church Council (PCC) has the responsibility of co-operating with the incumbent, the Rev’d Samuel Carter, in: - the promotion of the gospel of the Lord Jesus Christ according to the doctrines and practices of the Church of England; - knowing Jesus better and making him better known; - promoting the whole mission of the church – evangelistic, pastoral, social and ecumenical; - providing practical support and care for people in the parish, regardless of background; and - providing financial support to those in need and other organisations with similar objectives. ## What we planned to do to achieve our charitable objectives In line with the diocesan strategy (to be ‘more open, more converted to Jesus Christ, more generous and more engaged),[1] we discussed and planned the following objectives to fulfil our aims: - welcoming as many people as possible to worship at our church; - teaching, baptising and nurturing new and existing believers; - provision of pastoral care and other assistance to people living in the parish; - building links with the wider community and reaching out to the unchurched; - supporting staff and governors in promoting the Christian distinctiveness of Barcombe school; - giving grants to organisations with similar aims; and - maintaining church property. These activities comply with the Charity Commission’s guidance on public benefit and the specific guidance on ‘charities for the advancement of religion’. The PCC has also complied with the requirements of section 5 of the Safeguarding and Clergy Discipline Measure 2016.[2] ## How we affected lives ## • Welcoming people to worship “Thank you for your love and support over the past weeks and months.” Mr & Mrs S The church welcomes a wide range of people (parishioners and those from further afield) to its services. Voluntary attendance to worship Jesus Christ in this way is a major demonstration of the public benefit of our activities. As well as those at > 1 See: https://www.chichester.anglican.org/vision-for-growth-2020-2025 > 2 This duty requires the incumbent and PCC (among other relevant persons) to have due regard to the House of Bishops’ guidance on safeguarding children and vulnerable adults. Page 1 ST MARY’S AND ST FRANCIS PCC ANNUAL REPORT 2022 the parish church, St Mary’s, services are held at St Francis, giving the church a presence in the heart of the village, The average regular weekly attendance in October 2022 was 69 adults and 10 children, an increase in the number of adults and a similar number of children compared to last year. During 2022, we split our Sunday morning children’s work into two groups to cope with the number of children we welcome regularly. Our Christmas and Easter services saw substantial increases over 2021 (with Easter the highest attendance since 2017). Over the range of services in the week leading up to Christmas, we welcomed around 600 people to church, equivalent to more than 25% of the population of the parish (even allowing for double counting). - Teaching, baptising and nurturing new and existing believers We were delighted to welcome two children for baptism in 2022 and six wedding couples. Baptism parents and wedding couples were invited to preparation courses which were well received. During Lent we ran a discipleship course attended by 20 people, and in the autumn we started four growth groups for bible study, fellowship and prayer. Around 35 people are linked to these groups. This year our teaching programme included series on Mark’s Gospel, Genesis 1-4 and St Paul’s Epistle to the Galatians. Our weekly prayer meeting has continued uninterrupted. - Pastoral care and other assistance ‘ THANK YOU FOR THE MOST BEAUTIFUL FUNERAL YOU GAVE FOR MY GRANDAD’ – KW During 2022 we conducted ten church funerals, two funerals at the crematorium, and two memorial services. Our churches and churchyards continue to be appreciated by many as a place where life events are celebrated with joy and thanksgiving. We prioritise keeping St Mary’s open during the day and involve a regular team from the local community in opening and locking it. A steady stream of entries in the visitor book testifies to the appreciation many visitors have of the building. We publish the Barcombe News and distribute a monthly copy to every household in the parish. Our pastoral team visits the housebound, lonely and those needing pastoral care. The church also administers a relief fund for parishioners in crisis and has made significant disbursements during 2022. - Building links with the wider community and reaching out to the unchurched Page 2 ST MARY’S AND ST FRANCIS PCC ANNUAL REPORT 2022 Church members continue to support around ten local families in the Barcombe Bunnies playgroup which meets at St Francis. At the other end of the age range, our monthly St Francis community lunches continue to provide for around 30 mostly elderly people. In February and March this year we ran a Christianity Explored course for nine people (a mix of church and non-church). In June we launched Barcombe Cross Youth – our new youth group which offers fun activities for local young people whilst also introducing them to the good news of Jesus Christ. We regularly have eighteen 10-14s attending, of whom two thirds have no other connection to the church. I have already been back to visit the church and to ‘drink in’ the happy memories. PB In August we ran a three-day water-themed holiday club attended by 60 children, most of whom are not regular churchgoers. ## • Supporting staff and governors in promoting the Christian distinctiveness of Barcombe school The Rector continues to take a weekly assembly at Barcombe school and teach an RE lesson for each class once per term. He also serves as a foundation governor. Since the departure of our children’s and families’ worker, we have been unable to continue our popular lunchtime club. It has been a joy to welcome the school community to St Mary’s for harvest, Christmas and Easter services. ## • Giving grants to organisations with similar aims Our mission giving of £6,000 supports twelve charities. Details are included in the accompanying reports. - Maintaining church property Well-maintained buildings enable us to welcome a variety of village and outside groups to St Mary’s, the Conker Room and St Francis. These include Laughton Village Choir, Barcombe Bunnies, The Diocese of Chichester, Barcombe Good Neighbours and the Bevern Trust. An important challenge in 2023 will be to grasp the strategic opportunity for St Mary’s in the Communiheat Project to move Barcombe off heating oil. Page 3 ST MARY’S AND ST FRANCIS PCC ANNUAL REPORT 2022 ## Financial Review The original forecast for the 2022 financial year showed a deficit of about £12,000. The actual outturn was considerably better. The Statement of Financial Activities on page 9 shows a reduction of only £1,810 in total funds for 2022. This reduction is calculated after deducting a loss of £7,286 following the revaluation of investment assets on 31[st] December 2022. It should be noted that the reduction in the market value of investments during 2022 was in line with the general fall in global stock markets in that year. Total income for 2022 of £147,498 was £4,319 higher than in 2021 and included increased income from voluntary giving, as shown in the breakdown of income in note 2(a). Expenditure in 2022 was also higher. The largest single item of expenditure was the Parish Share of £76,980 paid to the Diocese of Chichester. This was an increase of £2,676 over 2021. It is important to note that once again, Barcombe paid the full amount of Parish Share that was requested by the Deanery. It is very difficult to predict the financial outcome for 2023. A modest increase in income is expected although it remains uncertain if the high rate of inflation in the general economy will adversely affect the levels of voluntary income. On the expenditure side, the massive increase in the cost of energy will certainly push the bottom line into a deficit for 2023. The Interparish Worker left in August 2022 without being replaced. It is possible that some form of replacement ministry support will be sought in 2023, leading to an increase in staff costs later on in the year. ## Reserves Policy It is PCC policy to seek to maintain a balance of liquid assets on unrestricted funds calculated in two parts as follows: Part 1. Approximately three months’ worth of unrestricted general fund payments as a contingency against unforeseen situations (£31,000 in 2022) and Part 2. A provision for the maintenance of the fabric of the church to meet costs arising every five years following the Church Architect’s Quinquennial inspection of the building (estimated at £5,000 per annum). At the end of 2022 this figure should amount to £25,000 (the actual figure was £22,748). The total amount of reserves required by the policy is, therefore, £56,000. Page 4 ST MARY’S AND ST FRANCIS PCC ANNUAL REPORT 2022 The actual total of unrestricted liquid assets held at the year-end was approximately £88,000. This included an amount of £2,000 to support the Mission Action Plan. The remaining amount, £86,000, is about £30,000 more than the required amount under the PCC policy. This sum is likely to be used to part-fund the budgeted deficit for 2022. It is PCC policy to invest funds balances with the CBF Church of England Investment Fund, the CBF Church of England Fixed Interest Securities Fund and the CBF Church of England Deposit Fund. ## Administrative information ## • General In all we do, we take account of the Charity Commission’s guidance on public benefit and the specific guidance on charities for the advancement of religion. The parish of St Mary’s and St Francis, Barcombe has two church buildings: St Mary’s, Church Road and St Francis in the High Street as well as the church yard at St Bartholomew’s, Spithurst. We are in the Diocese of Chichester within the Church of England. ## • Structure, governance and management **Parochial Church Council.** Church Members are encouraged to stand for election to the Parochial Church Council (PCC) and we look for a balance of skills and experience. The PCC is registered with the Charity Commission (No. 1159084) under the Charities Act 2011. Its governing document is the Parochial Church Councils (Powers) Measure 1956. Membership is determined under the Church Representation Rules. Membership consists of ex-officio members - the rector, the churchwardens, the members of the Deanery Synod, and up to nine members of the church who are elected at the Annual Parochial Church Meeting (APCM). The PCC may co-opt up to 2 more members. The PCC is responsible for the overall wellbeing, practical as well as spiritual, of the church, the church members, and the church buildings. The PCC also has a duty to promote the mission of the church within the wider community. **Membership.** During the year, the following served as members of the Parochial Church Council: ## _**Ex officio members**_ Incumbent: The Rev’d Sam Carter, Chair Warden: Mr Ian Pounce Member of Diocesan Synod: Ms Janice Bartholomew (resigned Jul 2022) Page 5 ST MARY’S AND ST FRANCIS PCC ANNUAL REPORT 2022 Deanery Synod representatives: Mr Chris Lear Mrs Fiona Pearl (resigned Jan 2022) ## _**Elected and co-opted members**_ Mr Alan Cannings (due to retire retired 2025) Mr Ebenezer Cottingham (due to retire 2023) Mrs Bridget Cross (due to retire 2024) Mrs Anna Hardy (due to retire 2024) Mr Andrew Lamont, Hon Treasurer (co-opted Jun 2022) Mr Christopher Lear (due to retire 2023) Mr Nick Lear (retired May 2022) Mrs Rosemary Milmine (due to retire 2023) Mrs Charlotte Mitchell (due to retire 2023) Mr Stephen Piggott (due to retire 2025) Mrs Heather Shepheard (due to retire 2025) Mr Graham Tomsett (resigned February 2023) **What is it for?** The PCC is responsible for a wide range of matters affecting the Parish Church, including compliance with health and safety and disability legislation and child protection. In our capacity as trustees, members of the PCC are responsible for the stewardship of funds and for the appropriate accounting and reporting of the parish finances. The PCC works to ensure that each member is equipped to fulfil the role. **New members.** New members of the PCC are quickly included and fully involved with their roles and responsibilities at the first PCC meeting after their election or co-option. The PCC secretary and Honorary Treasurer are elected at the first meeting after the Annual Parochial Church Meeting. **Education for members.** The PCC secretary, the Treasurer and the Churchwardens all attend courses run by the diocese on their particular work and courses are also available to members generally. Regular mailings from the diocese keep the officers up to date with changes in church regulations and financial procedures and these are reported to the whole PCC as appropriate. **Safeguarding.** Mrs Mim Austin served as Safeguarding Officer during the year. With the Rector, she was responsible for ensuring that Disclosure and Barring Service (DBS) checks were carried out on all those who work with children and vulnerable adults in the church. The PCC has adopted the Page 6 ST MARY'S AND ST FRANCIS PCC ANNUAL REPORT 2022 Dlocesan Policy which is available from the church website, or a hard copy can be found in both St Francis and St Marfs, along with a policy statement on the protection of children and vulnerable adults. Members of the PCC have done online training {CO or above). We have been certified under the diocesan Simple Quolity Pmterts scheme. Accountant. The PCC has appointed Mr Stephen Brentnall as rts accountant. The PCC thanks the honorary treasurer Andrew Lamont for his endless assistance with the church finances throughout 2022 and Ben Williams-Thomas for his assistance with gift aid. Commlttees. Committees report to the PCC and are responsible for speciflc areas of the church's activities.. + The Standlng Commlttee has the power to transact the buslness of the PCC between its meetings, subject to any direction given by the full PCC. + The Bulldlngs Commlttee deals with the fabric of St Mary's and St Francis. + The Mlsslon Artlon Committee oversees the giving of 3 tithe of the income to varlous charities and keeps the con8re8ation informed of the actlvitles of these charltles through 8uest speakers, prayers and information. + rhe Youth Commlttee oversees the youth work of the Church + The St Bortholome￿5 committee looks after the churchyard at Spithurst. Rlsk Assessment The major rlsks to which the council has been exposed have been identlfied by a risk analysis exerclse carrled out by PCC members. The risks have been revlewed and systems and procedures have been established to manage the risks. Approved by The Parochlal Church Council on 2151 March 2023 and si8ned on its behalf by ReTr/d Sam Carter, Chairman. Date., 22 £013 Page 7 **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY AND ST FRANCIS, BARCOMBE** ## **INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2022** Report to the trustees/ members of The Parochial Church Council of the Ecclesiastical Parish of St Mary and St Francis, Barcombe on the accounts for the year ended 31st December 2022. ## **Respective responsibilities of trustees and examiner** The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to: - examine the accounts under section 145 of the Charities Act, - to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and - to state whether particular matters have come to my attention. ## **Basis of independent examiner’s statement** My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below. ## **Independent examiner's statement** In connection with my examination, no matter has come to my attention 1. which gives me reasonable cause to believe that in, any material respect, the requirements: - to keep accounting records in accordance with section 130 of the Charities Act; and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Donna Leppitt Independent Examiners Ltd Unit 2 The Broadridge Business Centre Delling Lane Bosham PO18 8NF Date: 5th April 2023 Page 8 ## **BARCOMBE PAROCHIAL CHURCH COUNCIL (PCC)** ## **STATEMENT OF FINANCIAL ACTIVITIES For the Year ended 31st December 2022** |Note
**Income and endowments from:**
Donations and legacies
2(a)
Charitable activities
2(b)
Other trading activities
2(c)
Investments
2(d)
Other income
2(e)
**TOTAL INCOME**
**Expenditure on:**
Raising funds
3(a)
Charitable activities
3(b)
**TOTAL EXPENDITURE**
Net gains/(losses) on investments
5
**NET INCOME/(EXPENDITURE)**
Transfers between funds
**NET MOVEMENT IN FUNDS**
**Reconciliation of Funds**
Fund Balances brought forward
at 1st January 2022
**BALANCES CARRIED FORWARD**
**AT 31st DECEMBER 2022**|£
£
£
104,940
16,442
0
8,848
0
0
8,409
6,893
0
1,649
0
317
0
0
0
Unrestricted
Funds
Restricted
Funds
Endowment
Funds|**TOTAL**
**FUNDS**| |---|---|---| |||2022
2021
£
£
121,382 110,840
8,848
6,263
15,302
12,182
1,966
1,597
0
12,297| ||123,846
23,335
317|147,498 143,179| ||0
0
0
125,319
16,386
317|0
53
142,022 134,523| ||125,319
16,386
317|142,022 134,576| ||(5,812)
0
(1,474)|(7,286)
4,024| ||(7,285)
6,949
(1,474)
562
(562)
0|(1,810)
12,627
0
0| ||(6,723)
6,387
(1,474)
95,015
13,529
12,221|(1,810)
12,627
120,765 108,138| ||88,292
19,916
10,747|118,955 120,765| Page 9 BARCOMBE PAROCHIAL CHURCH COUNCIL (PCC) BALANCE SHEET AS AT 31st DECEMBER 2022 2022 2021 Note FIXED ASSETS Investment axsets 52.167 39.453 CURRENT ASSETS DebtOTS Short term deposi Cash Ai bank •rtd in hw 3.450 57.499 10.984 71.9J3 2.916 48.803 12.776 64,555 LIABILITIES . AMOUNTS FALLINC DUF. WITHIN ONE YF.AR 5.145 3,243 NET CURRENT ASSETS 66.788 61,312 TOTAL ASSETS LF.SS CIIRRF,NT LIABILITIF.S 118.955 120,765 NET ASSETS 118,95J 120.765 FUND. Unr¢stri¢ied Reslricted Endowment 88292 19.916 10,747 95.015 10 12,221 118.955 120.765 Approved by ihe Parochial Church Council on 2 1st Marth 2023 and signed on its b¢h•lf by:. (Chaimian) reasurer) The noies on pages I I to 16 form pan of these xcounts. Page 10 ## **BARCOMBE PAROCHIAL CHURCH COUNCIL (PCC)** ## **NOTES TO THE FINANCIAL STATEMENTS For the Year ended 31st December 2022** ## **1 ACCOUNTING POLICIES** ## 1(a) ## **Basis of Preparation** The PCC is a public benefit entity within the meaning of FRS102. The financial statements have been prepared under the Charities Act 2011 and the Church Accounting Regulations 2006, in accordance with applicable accounting standards and the current (2019) Statement of Recommended Practice, Accounting and Reporting by Charities, (SORP (FRS 102)). The financial statements have been prepared under the historical cost convention as modified by the inclusion of investments at market value. The financial statements include all the transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their affiliation to another body, nor those which are informal gatherings of church members. ## 1(b) **Funds** Funds held by the PCC are :- - _Unrestricted funds -_ general funds that can be used for PCC ordinary purposes. - _Designated funds -_ monies set aside by the PCC out of unrestricted funds for specific future purposes or projects. _Restricted funds -_ (a) income from trusts or endowments that may be expended only on those restricted objects provided in the terms of the trust or bequest, and (b) donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of each year must be carried forward as a balance on that fund. The PCC does not usually invest separately for each fund. - _Endowment funds -_ funds the capital of which must be maintained; only income arising from investment of the endowment may be used either as restricted or unrestricted funds depending upon the purpose for which the endowment was established. The PCC may have the power to convert certain endowment funds into expendable income; such funds are known as expendable endowments. ## 1(c) **Income and Endowments** All income and endowments, accounted for without deduction for any costs of receivability, are recognised when there is evidence of entitlement, receipt is probable, and the amount can be measured reliably. ## 1(d) **Donations and Legacies** _Collections_ are recognised when received. _Planned giving receivable_ is recognised when there is evidence of entitlement, receipt is probable, and the amount accords with the Gift Aid declaration or other record of intention to donate. _Gift aid recovered_ is recognised when the income to which it is attached is recognised. _Grants and legacies_ are recognised when the formal offer in writing of the funding, is received by the PCC. ## 1(e) **Charitable Activities, Trading Activities and all Other Income** _Statutory fees_ for weddings and funerals are recognised when the office occurs. _Trading activities_ are where income is receivable in return for selling goods or providing services and is recognised when received. ## 1(f) **Investment Income** Dividends are accounted for when due and payable. Interest entitlements are accounted for as they accrue. ## 1(g) **Gains and Losses on Investments** Realised gains are recognised when the investments are sold. Unrealised gains and losses are accounted for on revaluation at 31st December. Page 11 ## **BARCOMBE PAROCHIAL CHURCH COUNCIL (PCC)** ## **NOTES TO THE FINANCIAL STATEMENTS (continued) For the Year ended 31st December 2022** ## 1(h) ## **Expenditure** Expenditure is recognised when there is evidence of entitlement, payment is probable, and the amount can be measured reliably. ## 1(i) ## **Grants** Grants and donations are accounted for when paid over, or when awarded where the award creates a binding obligation on the PCC. ## 1(j) ## **Charitable Activities** The diocesan parish contribution is accounted for on an annual basis, reflecting the allocation set by our Deanery. Any parish contribution unpaid at 31st December is provided for in these accounts as an operational (though not a legal) liability and is shown as a creditor in the balance sheet. ## 1(k) ## **Fixed Assets** ## _Tangible fixed assets._ Consecrated and beneficed property of any kind is excluded from the accounts by s.10(2) of the Charities Act 2011. Movable church furnishings held by the Rector and Churchwardens on special trust for the PCC, and which require a faculty for disposal, are accounted for as inalienable property unless consecrated. They are listed in the church's inventory which can be inspected but are not included in the financial statements. For inalienable property acquired prior to 2000, there is insufficient cost information available and therefore such assets are not valued in the financial statements. Individual items acquired since 1st January 2000 have been capitalised in the financial statements and depreciated over their useful economic life. All expenditure incurred in the year on consecrated or beneficed buildings, individual items costing under £5,000 or on the repair of movable church furnishings acquired before 1st January 2000 is written off. ## _Investments :_ Investments are valued at market value at 31st December. ## **2 INCOME AND ENDOWMENTS** |2(a)
Donations and legacies
Planned giving
Collections (open plate)
Donations
Gift aid tax claimed
Grants received
Bequests and legacies
2(b)
Charitable activities
Parochial Fees income
2(c)
Other trading activities
Fundraising income
Hall income
Parish magazine
Sundry income|Unrestricted
Funds
Restricted
Funds
Endowment
Funds
£
£
£
70,844
0
0
3,103
2,892
0
11,995
12,260
0
16,698
977
0
1,300
313
0
1,000
0
0|**TOTAL**
2022
**FUNDS**
2021
£
£
70,844
63,648
5,995
1,489
24,255
17,565
17,675
15,059
1,613
13,079
1,000
0| |---|---|---| ||104,940
16,442
0|121,382
110,840| ||8,848
0
0|8,848
6,263| ||8,848
0
0|8,848
6,263| ||683
0
0
2,635
0
0
5,091
0
0
0
6,893
0|683
247
2,635
435
5,091
5,353
6,893
6,147| ||8,409
6,893
0|15,302
12,182| Page 12 ## **BARCOMBE PAROCHIAL CHURCH COUNCIL (PCC)** ## **NOTES TO THE FINANCIAL STATEMENTS (continued) For the Year ended 31st December 2022** ## **2 INCOME AND ENDOWMENTS (continued)** |2(d)
Investments
Dividends and interest received
2(e)
Other income
Direct debit indemnity receipt
**TOTAL INCOMING RESOURCES**
**3**
**EXPENDITURE**
3(a)
Raising funds
Fundraising costs
3(b)
Charitable activities
Missionary and charitable giving
Ministry costs :
Diocesan Parish Share
Other ministry costs (see note 4)
Church running expenses
Church - Major repairs & fabric costs
Upkeep of services
Youth work, training and mission
Parish magazine
Support costs
Independent Examiner's fees
Administrative costs
**TOTAL**|Unrestricted
Funds
Restricted
Funds
Endowment
Funds
£
£
£
1,649
0
317||**TOTAL**
**FUNDS**| |---|---|---|---| ||||2022
2021
£
£
1,966
1,597| ||1,649
0
317||1,966
1,597| ||0
0
0||0
12,297| ||0
0
0||0
12,297| ||||| ||123,846
23,335
317||147,498
143,179| ||Unrestricted
Funds
Restricted
Funds
Endowment
Funds
£
£
£
0
0
0||**TOTAL**
2022
**FUNDS**
2021
£
£
0
53| ||||| ||0
0
0||0
53| ||6,050
7,196
0
76,980
0
0
8,996
7,018
0
16,180
0
317
4,547
0
0
1,802
1,200
0
466
730
0
3,948
0
0
2,402
242
0
780
0
0
3,168
0
0||13,246
7,386
76,980
74,304
16,014
16,988
16,497
14,065
4,547
10,344
3,002
1,399
1,196
936
3,948
3,528
2,644
1,344
780
770
3,168
3,459| ||125,319
16,386
317||142,022
134,523| ||||| ||125,319
16,386
317||142,022
134,576| ## **4 STAFF COSTS** The PCC employed an Interparish Worker (IPW) on 2nd January 2019. The IPW was shared with two other neighbouring parishes that contributed towards the overall employment costs and working expenses. The total costs of the IPW are included within the expenditure on 'Other ministry costs' shown in note 3(b) above. The IPW left in August 2022. The PCC employed a part-time cleaner from April 2021. The cleaner's salary is included in 'Church running expenses' in note 3(b) above. |Wages and salaries
Social security costs
Employer's contribution to defined pension scheme
Average number of employees during the year
No employee received employee benefits of more than £60,000.|2022
2021
£
£
11,009
13,855
0
0
142
186| |---|---| ||11,151
14,041| ||2
2| Page 13 ## **BARCOMBE PAROCHIAL CHURCH COUNCIL (PCC)** ## **NOTES TO THE FINANCIAL STATEMENTS (continued) For the Year ended 31st December 2022** ## **5 INVESTMENT ASSETS** |**ESTMENT ASSETS**|| |---|---| |Quoted Investments
Market value at 1st January 2022
Disposals during the year
Revaluation gain/(loss)
Market value at 31st December 2022|£
59,453
0
(7,286)| ||52,167| At 31st December 2022, the market values of individual holdings were as follows :- |CBF Investment Fund
1,796 units
CBF Fixed Interest Securities Fund
10,990 units
**TORS**
Recoverable Gift Aid
Other sundry debtors|£
37,100
15,067
52,167
2022
2021
£
£
3,450
1,677
0
1,239| |---|---| ||3,450
2,916| ## **6 DEBTORS** - **7 LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Creditors for goods and services
Accruals of utility and other costs
Deferred income|2022
2021
£
£
2,740
1,309
790
790
1,615
1,144| |---|---| ||5,145
3,243| ## **8 UNRESTRICTED FUNDS** |General Fund
Designated Fabric Fund (i)
Designated IPW Fund
Mission Action Plan Fund (ii)|Balance at
1st.
January
2022
Incoming
Outgoing
Transfers
Gains /
(Losses)
Balance at
31st
December
2022
£
£
£
£
£
£
75,750
123,813
117,255
(12,952)
(5,812)
63,544
17,265
33
4,547
9,997
0
22,748
0
0
3,517
3,517
0
0
2,000
0
0
0
0
2,000
Movements in
Resources| |---|---| ||95,015
123,846
125,319
562
(5,812)
88,292| (i) The fund has been designated by the PCC to finance the cost of maintenance to the fabric of the church. (ii) The fund has been designated by the PCC to finance expenditure in connection with the PCC's MAP. Page 14 ## **BARCOMBE PAROCHIAL CHURCH COUNCIL (PCC)** ## **NOTES TO THE FINANCIAL STATEMENTS (continued) For the Year ended 31st December 2022** ## **9 RESTRICTED FUNDS** |Youth Work Fund
Charity Fund
Restricted IPW Fund
Restricted Gift Fund
Organ Fund
Tower Fund
**ENDOWMENT FUNDS**
Churchyard Trusts (5 in total)|Balance at
1st.
January
2022
Incoming
Outgoing
Transfers
Gains
Balance at
31st
December
2022
£
£
£
£
£
£
5,608
761
730
0
0
5,639
0
2,696
2,696
0
0
0
242
7,018
7,260
0
6,145
12,386
5,700
(562)
0
12,269
1,800
0
0
0
0
1,800
(266)
474
0
0
0
208
Movements in
Resources| |---|---| ||13,529
23,335
16,386
(562)
0
19,916| ||Balance at
1st.
January
2022
Incoming
Outgoing
Transfers
Gains/
(Losses)
Balance at
31st
December
2022
£
£
£
£
£
£
12,221
317
317
0
(1,474)
10,747
Movements in
Resources| ||12,221
317
317
0
(1,474)
10,747| ## **10 ENDOWMENT FUNDS** There are 5 permanent endowments that provide income towards the upkeep of graves and the churchyards. ## **11 ANALYSIS OF NET ASSETS BY FUND** |Fixed assets
Current assets
Current liabilities
Fund Balances|Unrestricted
Funds
Restricted
Funds
Endowment
Funds
£
£
£
41,434
0
10,733
51,869
20,050
14
(5,011)
(134)
0|**TOTAL**
£
52,167
71,933
(5,145)| |---|---|---| ||88,292
19,916
10,747|118,955| Page 15 ## **BARCOMBE PAROCHIAL CHURCH COUNCIL (PCC)** ## **NOTES TO THE FINANCIAL STATEMENTS (continued) For the Year ended 31st December 2022** ## **12 PAYMENTS TO PCC MEMBERS** |**MENTS TO PCC MEMBERS**|| |---|---| |The PCC supported the clergy by paying:-
The cost of vicarage utilities
Clergy working expenses
Verger's fees were paid to one PCC member (2 members in 2021)
Wedding AV fees were paid to one PCC member
No expenses were reimbursed to PCC members (1 member in 2021)|2022
2021
£
£
4,864
1,386
615
489| ||5,479
1,875| ||2022
2021
£
£
315
213
35
70
0
70| There were no payments to other trustees or persons related to or connected to them other than the normal reimbursements of payments made to third parties on behalf of the church and payments described in Note 13 below. ## **13 RELATED PARTY TRANSACTIONS** During the year, the following charitable grants were made that require disclosure as related party transactions:- £500 to The Vaughan Family (2021 = £500) (Matt Vaughan is working in a self-supporting role for Interserve and the Diocese of Birmingham). Mrs H Shepheard, a trustee, is the aunt of Matt Vaughan. £500 to The Mission House (2021 = £500) (charity registration number 1107874) Mr I Pounce, a trustee, is also a trustee of The Mission House. The total amount of donations funded by PCC members and related parties was £16,300 (2021 = £21,700). Page 16