## **All Saints Church, Cranham** **End of Year Financial Statements Year ending 31[st ] December 2022** 1 Parochial Church Council Administrative Information Parish Council: Rev'd M Williams Rev'd P Brooks H Carter P Hipperson L Nott G Collins R Jones K Nott J Matthews-jones A Harmon M. Pepper Rector in Charge Curate Oeanery Synod representative PCC Secretary Church Warden Oeanery Synod representative Church Warden Treasurer.. K Nott Bankers.. Barclays Bank PLC Leicester LE87 2BB Fund Managers: Quilter Cheviot Ltd One Kingsway London WC2 6AN Independent Examiner: F J Gothard MAAT 35 Colchester Road West Mersea E55ex C05 8RP Approved by the PCC on and signed on their behalf by.. Rewd Marion Williams Linda Nott INDEPENDENT EXAMINERS REPORT We have examined the financial statements for the year ended 31, December 2022 which are set out on the following pages. The charity's trustees are responsible for the preparation of the accounts. The charivs trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Acl} 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 Directior15 given by the Charity Commission (under section 145(5llbl of the Charities Act. and to state whether particular matters have come to my attention. 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 ol the accounts presented with those records. It also includes consideration of any unusual item5 or di5c105ures iri 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 'lrue and fairf view and the report is limited to those matters set out in the statement below. In connection with my examination, no matter has come to my attention which gives me reasonable cause to believe thal in, any material respect, the requirements: to keep accounting records in accordance with section 130 of the Charities Act,. and to prepare aCCOUfbts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met,. or l. to which, in rlly opinion, attentlOfT should be drawn in order to enable a proper understanding of the accounts to be reached. Miss F J Gothard MAAT ststement of Financial Activities Utl TrSiriCtedRestrictedF.ndoH'ment Total fund5 funds funds funds total funds Prior }'ear INCOMING RESOURCES Volvnla income Activities for eneralin Income from inveslmellt Income from church activities Olhei incomin resources Total Incomè 27.837 2,257 50,410 6.173 27,837 2.257 50.410 6.173 20,656 479 49.373 3.389 fu￿$ 86,679 86.679 73,898 RESOURCES EXPENDED Church activi1185- missionary & chaiitat4e 500 500 13,500 Church activities- chuich running & maintenan Fund raisin costs Re ails & renewals Governan￿ costs Total ex enditure 7.569 85.454 79.216 20.291 20,291 20.402 1.800 108,046 1.800 114.919 100.476 7,569 Gains I1055es w investment assets Ngt income I l¢xpenditurel resources before trdnsfer 235,763 1249,$601 235.763 1257.1301 189,434 148.413 (7,5691 Transfers Gross transfers between lunds- in Gro55 transfers between lunds- out Other recognised gains I losses Gains on revaluèlion, fixed asset& charil s own use Net movement In funds 48,022 48.397 375 48.397 48.397 56,887 56.887 249,935 .194 257,130 148.413 Total funds bro ht forward 2,393,308 64.007 2.457.315 2.308.902 Total funds carried fO￿ard 2,143.372 56,812 2,200,185 2,457,315 Represented by Unre$lriGte General fund Designated 704 dub furKJ 1.939,436 1,939,436 2,189,372 Febtic fund Fete Holdin lund Holida Ivb Mission Fund Palronal fund Rectoi's dis(xeliona Revaluation reserves Swal committee fund 203.935 203.935 203,935 are rib dub Sunda school Vest hall Restrietèd Brain lumtsr fund Childrens, charit Choir fund FabriG fund ire Fund commission 1.163 1,163 1,163 54.367 1.282 54,387 1,282 61,562 1.282 Balance sheet Total fund5 Prior l'ear funds Fixed assets Tan ible assets 243.174 243.174 240 266 240.266 Current assets Deblars Inveslrrents Cash at bank and in hand 5.886 1.886741 64 532 1,9S7,161 4.989 2.140 140 71 919 2.217.049 Liabilltl8s Cr£dilor5. Arnount5 falli due in 150 Net ¢urrent assets less current liabilities 1,957,011 2,217,049 Total assets less current liabiithe$ 2,200,185 2,457,315 Total net a55ets less liabrlitips 2,200,185 2,457,315 Represented by Unrestricted Gene￿7 fund Designated 80 d h811 fund Socia5 cofflmittee Spare nb club Sunda school Vest hall Revalualion reseives Fa￿1¢ fund Fele Holdi fund Holida club Mtssion Fund Pairon81 fund Rectorf5 discretiona 70+ club 1,939,436 2.189372 203,935 203 935 fund Restrfcted 8rain lumor fund Childrens. char Choir fun Fabric fund ire Fund corntni55ion 1,163 1,163 54,367 1.282 61.562 1.282 Funds of the church 2.200.185 2,457,315 Statement of assets and liabilities Gentral ngtedRestriCtedEndo￿.Me￿tThIs eur Last y. Fix8d a5sets- Investments Bo 33.290 33,290 33.2WJ 133,2901 Totals Fixed assets- Tangible ass8ts Fre8hold larx1 & buildin Churth e tn*)i- Church e ment addilws- Church equipmentdeprecialKn brtwd . Church equiptrwl depreciat￿n char 203.935 58.454 21.411 111.4441 203.935 103.455 203.935 98.035 5.419 155,0131 48.7 13.154 155.6781 3.7 7,730 167,1231 128.9231 15.843 113,0791 288.200 3.934 243,174 240,266 urrent assets- Cash at bank and in hand Cash at bank & in hand- munil account Tracker account S2vÈr attouni- CCL4 CBF d8 Bo d Hall BO tl Hall restoiation d Hall restoialion tYemium- Vest Hall saver- are Rib club Barda BHLF- HdidÈ club awunl- Miss Elive Iled esLe Sunda scho￿ . C85h- Vveekl Sheets- Hddi alc re Wfv4d- 12431 151.6381 120.372 208.029 20,616 142.3581 14.032 727 si( fund- yi 217 217 197 979 47.086 9791 147.086 19SI 122 70,ODO ).o(x) 50.QK)O )0 1381 246.863 116.7891 30.024 38 [357.3541 110491 4.650 134.098 813 Ttstals 199,590 64,532 71,919 Current a5sets- Debtor5 Income tax re¢overable- Sund debtors 8 re 4.(￿1) 13071 9798 2.162 5,736 4,839 150 4,989 rwls- Tota15 1.7041 11,7041 s,a86 urrent assets- Investments Quilter Cheviol- C3 Quilter Ctteviol- IrKome- Quilter ChewDI- Dividend Inccthe- Totals 88.871 1,533 954 186.329 157 102 1.877.386 63.141 177.9411 164.715 79,515 1,685,967 108.387 92,387 1.886,741 2.041.434 6719 88.871 2,140,140 Liabilities- Credito¥s.' Amounts dueinone ear Accruals & repaid IrKome- 14.782 14.932 150 Totals 114,7821 14.932 160 Grand total 113,638 029,734 56.812 2.2LNJ,185 2.457,316 Fund movement by type OpeniNglTrcomiThgOut8oingTran5fer5G2insllo$ses Journa15 C105ill BHLF. Boyd hall legacy fun Desi nated 2.189.372 2,189.372 18.535 18.S35 46.037 46.037 1235,763 1235,763 1.939.436 1,939,436 S￿￿tOtal for BHLF 50.399 Brain- Brdin tumor fur*J Reslnttèd Sub4otal for Braln CCC. Childrens. charity c Rpslrictpd 1.163 1.163 f.163 1,163 Sub-tr>tal for CCC Choir- Choir Restricted 375 375 375 375 Sub.tOtsl forchoir FabflC- Fabric fund Desi fjated Resirrted 61.562 61.562 7.194 7.194 54,367 $4,368 Su￿10137 for Fabric Fete- F&te Desi nated SU￿10tal for Fete Holding- Holding lund DBSI aled Sub-total for Holdin Holiday- Hollday club Desi nated sub.total for Hollda Mi55ion- Mis$ion Desi nated sub-total for Mlsslon 1.B59 1.859 1.219 1.219 639 16391 Patronal - Patronal fund Desi nated SU￿10tal for Patronal Rector8- Rector's discretiona Desi naled Sub-total for Rect(K5 Sèventy- 70+ club Desi naled s￿￿tOtal for Seven Soclal- Social committee De nated 1.184 1.184 1,036 1,036 sub.total for Soci 1148 Spare. Spore rsb dub Desi ated su￿10¢al for S a spl￿- Splre FWKI Restrtcted 1.282 1.282 1.282 1,282 Sub-toial forspire Sunday- Sunday school Desi nated Sub-total for Sunda Vestry- Vestry hall Desi naled 3.770 3,770 2.573 2.573 1.1981 1.198 Sub-total lorvest General - G8neral lund Unreslftcted Sub.tOtsl for GenLYal 29.48d 29,464 77.111 47.647 ZReval- Revaluation re5erve$ Desi naied Sub-total for ZRBval 203.935 203,935 203.935 203.935 GraThl tot31 2.457.315 86.679 108.046 123S.7631 2,200,18S Analysis of income and expenditure Tolal ViJrestrictedDe51 ted ENdoi%"rneni This i.ear Restricted Last l'ear INCOME AND ENDOWMENTS Voluntary income 2000- Planned giving gift a"K donations 2001 Planned giving- in¢orne tax recovered 13,450 1(Kl 13.5 13,$80 4.121 4,121 3.223 2002 - Other ivin 2003- Collections - open 2004- Sund (knnatlOn5 2005- Mission Fund le 2,287 6.921 2,287 7,211 686 27,837 921 2.514 317 20,656 Total 26.781 1.056 Activities for generating funds 2100 - Fetes. bazaars & tun da 2101 Magazine sales & advertisin 2102-S ecial events 2103- Subscri lions - 70+ dub 2104- CCC lundiaisin 2105- Subscriptions - spare nb club 2.257 2.257 479 Tolal 2.257 2,257 479 Income from investment 2200- Inleresl & diVi￿rndS Total 10 10 50.399 50,399 50,410 50 410 49,373 49.373 Income from church activities 2300- Fees 2301 Hall hire 2302- Parish ma azine- sa 2303 - Holida club sur 2304 - Reimbursement Cpf coverin iiest costs 2305- Vest hall coffee 2,673 2.673 3.153 2.609 676 3.153 346 6.173 104 3,389 Total 2.673 Other incoming resourees 2400- War Loan 2402 - Legacy from the late Mrs Audre Miles 2403- Bequest from the late Peter Smith Tolal INCOME TOTAL 29.464 57,214 86.679 73.898 EXPENDITURE Church activities - rni5sionary & charitable giving 3000-CCC 3001 Grants 3002 - Sunda school inc(Mre Total 500 13.500 500 13,500 Church activities - church running & maintenance 3100 Altar ex enses 1.1D5 3101 Coveiill riesi costs 550 3102 - Service fees 3.787 3104 - Cleanin 3105 - Churd)es together Subscri lion 3106- Eleclricil & hexiin 3107- Insurar 1.105 484 2.194 852 1.071 375 4.162 940 380 2,012 3.232 2.012 3,232 1.366 3.191 3108 - Priests fees to dI￿eSe 3109- Sunda school 3110 - Subscri tions 3111 Bankchai es 3112- Other 3113-De reoation 3114 - Fixed asset ths osals 3115 - Vestry hall coffee su 3116 - Churchyard upkeep rass 8 trees 3117 - Diocesan 3118 - Printing & statione Ico ier rental 3119 - Priest in ¢harge parish ex enses 626 143 37 2.023 13.079 143 37 2,D23 13,079 525 39 1.089 12.110 65 75 1.950 1.950 58 115h share 39.921 39,921 1,669 50.OOCI 1.924 11,LKM) 11.(XX) 312Q- lle airs & maintenance 3121 L al & rofessional 3122 - Hymn books. directorie5 & lectlDn2ries 3123 - Flowers 3124- Di ital music 3402 - Tele 1.554 2,127 3.681 1.680 700 782 93 358 528 75.311 hone 528 85,454 434 79,216 Total 2.573 7.569 Fund raisin9 COStS 321J)- Fete. bazaar & fun day ex en5e5 3201 Soci31 evènt costs 3202- 70+ costs 3203- Investment funds mana emeni 2,256 2.256 2.315 18.035 18,035 18,087 Tolal 20,291 20.291 20.402 Repairs & renewals 3300- Vest hall 3301- Church roof prqect- re air work Total Governance co$ts 3400- Bookeeping and accountanc costs 3401 Audit fees 1.8(Kl 1.800 Ttrtal EXPENDITURE TOTAL 1.8( 77.111 1,800 108,046 1.800 114,919 23,365 7.569 GRAND TOTAL 47.646 33.849 {7.569 21,367 41,021 io Notes to the Financial Statements ACCOUNTING POLICIES The financial statements have been prepared under the Church Accounting RegulatlOn5 2006 in accordance with applicable accounting standards and the current Statement of Recommended Practice Accounting and Reporting by Charities ISORP 20051. The financial statements havc been prepared under the historical cost convention except for investment assets, which are shown at market value. The financial statements include all transactions, assets and liabilities for which the PCC is re5pon5ible in law. They do not include the accounts of church groups that owe their affiliation to another body, nor those that are infoimal gatherings of church members. FUNDS Endowment funds are funds. the capital of which must be retained either permanently or at the PCC'S discretion,. the income derived from the endowment is to be used either as restricted or unrestricted income funds depending upon the purpose for which the endowment was established in the first place. Restricted funds comprise la) income from endowments which is to be expended only on the restricted purpose intended by the donor and Ib} revenue donations or grants for a specif ic PCC activity intended by the donor. Where these f unds have unspent balances, interest on their pooled investment is apportioned to the individual f unds on an average balance basis. Unrestricted funds are income funds which are to be spent on the PCC'S general purposes. The General Fund represents the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted. Designated funds are general funds set aside by the PCC for use in the future. Project funds are designated for particular projects for administration purposes only. Funds designated as investment in f ixed assets for the PCC'S own use abated in line with assets, annual depreciation charges in the SOFA. Designated funds remain unrestricted and the PCC will move any Surplus to other general funds. INCOMING RESOURCES Voluntary Income and capital sources Collections are recognized when received by or on behalf of the PCC. Planned giving receivable under Gift Aid 15 recognized only when received. Income tax recoverable under Gift Aid donations is recognized when the underlying income is received. Grant5 and legacies are accounted for when the PCC is entitled to the use of the resources, their ultimate receipt is considered reasonably certain and the amounts due are reliably quantifiable. Dividends are accounted for when declaration receivable, interest as and when accrued by the payer. Funds raised by bazaars and similar events are accounted for gross. Other income Rental income from letting of church premises is recognized when the rent is due. li Income from investments Dividends are accounted for when due and payable. Itbterest entitlements are accounted for as they accrue. Gains and10sses on investments Realized gains or losses are recognized when investments are sold. Unrealized gains and losses are accounted for on revaluation of investments at 31 December. RESOURCES USED Grants Grants and donations are accounted for when paid over, or when awarded, if that award creates 3 binding obligation on thc PCC. All other expenditure is general recognized when it 15 incurred and is accounted for gross. Activities directly relating to the work of the Church The diocesan parish share, which is expected to be paid in full, is accounted for when due. FIXED ASSETS Consecrated property and moveable church furnishings. Consecrated and benefice property 15 not included in the accounts in accordance with s.10 121 lal and Icl of the Charities Act 2011. Moveable church furnishings held by the Vic3r and Churchwardens on special trust for the PCC, and which require a faculty for disposal. are accounted as inalienable property unless consecrated. They are listed in the church's inventory which can be inspected at any reasonable time. For inalienable property acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the accounts. Other fixtures, fittings and office equipment Eq uipment Used within the church premises and the Vestry Hall is depreciated at 2S% on a reducing balance basis. Individual items of equipment with a purchase price of under £l.000 are generally written off when the asset is acquired. Investrnents Investments are valued at market value at 31 December. CURRENT ASSETS Amounts owing to the PCC at 31 December in respect offees. rents or other income are shown as debtors less provision for amounts that may prove unrecoverable. Short term deposits include cash held on deposit either with the CBF Chu rch of England Funds or at a bank or building societv. TRANSACTIONS WITH TRUSTEES other transactions with Trustees or related parties Name of trustee or Relationship to charity Description of related party transaction 12 D Carter D Carter D Carter Son of PCC Member son of PCC Member Son of PCC Member Elertrical Works Electrical Work5 Electrical Works 410 95 310 Donation5 and planned giving received from members of the PCC that are not of a material amount are not disclosed. The following funds have been transferred to the general fund at the end of the year.. Choir Mission Social committee Vestry Hall BHLF 1375.001 639.CKI 148.00 1198.00 46037.CK) 13