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2022-12-31-accounts

PARISH REVIEW OF THE YEAR 2023

The PCC met four times during the year (April 2022 – February 2023)

Meetings were held in 22[nd] May 2022, 14[th] August 2021, 4[th] December 2022 (re-do of 16[th] Oct 2022) and 12[th] February 2023.

The year saw the return to a new normal for the Parish. The PCC has continued to see the growth within the Parish and sees achievements in the matters relating to Church Services, Finances, Social Events, Home Groups etc. This year was particularly challenging due to illness within the ministerial team, however the church rallied together in prayer for recovery and also in keeping the services going. These achievements are contained in the reports written by the various groups.

Notable events that happened during the year included:

  1. Services continued alternating between the 2 churches weekly with services moving to a new start time of 10am. It was agreed that this would be the norm going forward. Special services will also be split between the two churches. Derek Longhurst returned to play the organ at both churches, and he has also started teaching someone else.

  2. The Cray Valley Parish WhatsApp chat has continued to prove very popular with more and more people joining and contributing. It has also become a good way of sharing service information with parishioners. We have seen the return of more social events such as the monthly coffee morning, prayer meetings, lent courses along with the Fish & Chip club.

  3. We saw the return of weddings and christenings being held in both churches. Illyrica performed again at St Mary’s Church and St Andrew’s church hosted a musical theatre evening. The church also hosted a party for the late Queen’s Jubilee. An agreement was also reached to purchase some memorial Jubilees trees.

  4. Disabled access and security lighting were installed at St Andrew’s church. Work is still ongoing into finalising CCTV for St Mary’s. It was agreed to update the signage and noticeboards at both churches. St Mary’s work is completed, and we are still awaiting completion of the work at St Andrew’s. The churches passed their lightning tests with an advisory to be brought up to standard. The St Mary’s church centre went full electric after the gas was cut off.

  5. Quotes were obtained and work due to begin in 2023 for:

  6. improving the porch area at St Andrews church to improve the electrics and install a kitchenette.

  7. Drainage work for St Andrew’s

  8. Fixing the roof at St Mary’s Church centre

  9. Fixing the fence at St Andrew’s

  10. Repairing the wall at St Mary’s church (damaged by a refuse van)

  11. Security lighting at St Mary’s

  12. There were some worrying incidents of vandalism at St Mary’s church which led to the police being brought in to advise on next steps regarding security. The flagpole had to be completely removed after significant damage was done to it. An immediate action of cutting down the hedgerow at St Mary’s to improve visibility into the churchyard.

  13. New church wardens were sworn in - Lorraine McCowen and Bridget Daly and they were joined in 2023 by Assistant Churchwardens Malcolm Hubbard, Barbara Vance, and Terry McCartney.

  14. The officers elected are as follows: Safeguarding officer – Sarah Rideout

Independent Examiner – Mike Lawson

Electoral Roll officer – Rita McKay

PCC Treasurer – Patrice Adams

PCC Secretary – Stella Matumo

We made it through another challenging year, not unscathed but together in Christ. As we go further into 2023 in the knowledge that it is God’s work we are doing and with God’s help, we can confidently go forward and work towards the extension of God’s kingdom on earth.

We all hope and pray that the new year would bring good tidings to our Parish.

Stella Matumo—PCC SECRETARY

PCC ACCOUNTS

Year Ending 31 December 2022

CRAY VALLEY PARISH

Receipts & Payments Accounts

PAROCHIAL CHURCH COUNCIL OF CRAY VALLEY BENEFICE

RECEIPTS & PAYMENTS ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2022

Notes
Receipts
Voluntary income
2a
Activities for generating funds
2b
Investment income
2c
Church activities
2d
Other incoming resources
2e
Payments
Costs of generating voluntary income
3a
Fund-raising trading costs
3b
Church activities
3c
Total resources expended
Excess of Receipts over Payments
Transfers between funds - transfers in
Transfers between funds - transfers out
Bank current and deposit accounts 1 January 2022
Bank current and deposit accounts at 31 December 2022
4		 TOTAL
TOTAL
Unrestricted Designated
Restricted
FUNDS
Unrestricted Designated
Restricted
FUNDS

Funds
Funds
Funds
2022
Funds
Funds
Funds
2021
£
£
£
£
£
£
£
£
34,163
0
8,201
42,364
21,529
0
1,570
23,099
497
0
0
497
939
0
0
939
14
54
95
163
28
14
40
82
21,749
0
1,523
23,272
18,852
0
173
19,025
0
0
0
0
0
0
0
0
56,423
54
9,819
66,296
41,347
14
1,783
43,144
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
42,515
0
12,396
54,911
33,924
0
171
34,095
42,515
0
12,396
54,911
33,924
0
171
34,095
13,908
54
(2,577)
11,385
7,423
14
1,612
9,049
0
2,400
210
2,610
0
2,400
582
2,982
(2,610)
0
0
(2,610)
(2,982)
0
(2,982)
0
0
11,298
2,454
(2,367)
11,385
4,441
2,414
2,194
9,049
15,402
9,055
22,711
47,168
10,961
6,642
20,517
38,120
26,700
11,509
20,344
58,553
15,402
9,055
22,711
47,168

PAROCHIAL CHURCH COUNCIL OF CRAY VALLEY BENEFICE

STATEMENT OF ASSETS AND LIABILITIES

Notes
Cash and bank deposits
Current accounts
Deposit accounts
Church repair fund
4
Other monetary assets
Gift Aid Tax claim outstanding
Investment assets
COIF Charities Investment Fund Income Units
Assets retained for Church Use
St Andrews Church Hall values at insurance value
St Mary's Church Centre valued at Insurance value
Liabilities
DBF Fees
Charity Payments
Utility Bills		 General Designated
Restricted Endowment
2022
General Designated
Restricted Endowment
2021

Fund
Fund
Funds
Fund
Total
Fund
Fund
Funds
Fund
Total
£
£
£
£
£
£
£
£
£
£
25,500 - 6,028
31,52815,402
5,493
20,896
1,200
14,316
15,516
17,218
17,218
11,509
11,509
9,055
9,055
26,700 11,509 20,344
58,55315,402 9,055 22,711
47,168
- - - --- - - - -
-
-
- - -
-
-
963963
897 897
- - -
963
897 897
125,887
125,887
125,887
125,887
100,000
100,000
100,000
100,000
-100,000-
100,000
225,887
225,887
-
-
-
-
0
0
-
0
0
0
0
0
0
0
0

Approved by the Parochial Church Council on…………………………………………………….. and signed on its behalf

Treasurer Chairman

The accompanying notes form a part of these financial statements.

PAROCHIAL CHURCH COUNCIL OF CRAY VALLEY BENEFICE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting Policies

The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 using the Receipts & Payments basis. Receipts and payments include income as received and expenditure when irrevocably paid.

The accounts include monetary transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups which owe their main affiliation to another body, nor those that are informal gatherings of church members.

Funds

Unrestricted funds are general funds which can be used for PCC ordinary purposes. These include designated funds which can be redesignated.

Restricted funds represent (a) donations or grants received for a specific object or invited by the PCC for a specific object, and (b) income from trusts and endowments which may be expended only on those restricted objects provided in the terms of the trust of bequest. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of the year must be carried forward as a balance on that fund.

Endowment funds are 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 following assets are recognised but not necessarily valued in the Statement of Assets and Liabilities: Movable church furnishings held by the Churchwardens on special trust for the PCC and which require a faculty for disposal; Land and buildings held on behalf of the PCC.

The following assets are recognised and a monetary value given as part of the description in the Statement of Assets and Liabilities: Bank and deposit accounts; Amounts owing from HMRC where a formal claim has been made; Investment assets.

Liabilities are recognised and a monetary value given in the Statement of Assets and Liabilities where the supply had been received by 31 December.

PAROCHIAL CHURCH COUNCIL OF CRAY VALLEY BENEFICE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

2 Receipts

2 Receipts
TOTAL TOTAL
Unrestricted Designated Restricted FUNDS Unrestricted Designated Restricted FUNDS
Funds Funds Funds 2022 Funds Funds Funds 2021
£ £ £ £ £ £ £ £
a Voluntary income 0
Planned giving by standing order 12,787 12,787 12,590 12,590
Planned giving envelopes 0 0
Gift Aid - One-off 25 25 1,630 1,630
Income tax recoverable 3,086 3,086 2,957 2,957
Collections 2,529 2,529 429 429
Charity Collections 0
Donations and appeals 1,790 8,201 9,991 3,923 1,570 5,493
Income tax recoverable on one off gifts 0 0
Legacies/Grants 13,946 13,946 0
34,163 0 8,201 42,364 21,529 0 1,570 23,098
b Activities for generating funds
General fundraising 347 347 127 127
Parish Magazine/Notes/Candles 150 150 813 813
497 0 0 497 939 0 0 939
c Investment income
Dividends and interest 14 54 95 163 28 14 40 82
14 54 95 163 28 14 40 82
d Income from Church Activities 0
Church Centre rental 1,608 1,608 1,080 1,080
St Andrews Church Hall rental 16,370 0 16,370 16,603 16,603
Fees from weddings, funerals, etc 3,771 3,771 1,169 1,169
DBF element of fees 0 0
Pre-School Deposits 0 0 0
Funshine Club 1,523 1,523 173 173
Social Committee 0 0
21,749 0 1,523 23,272 18,852 0 173 19,025
e Other incoming resources
Legal Fees 0 0
Cray Fisher 0 0
Other income 0 0 0
0 0 0 0 0 0 0
Total receipts 56,423 54 9,819 66,296 41,348 14 1,783 43,144

PAROCHIAL CHURCH COUNCIL OF CRAY VALLEY BENEFICE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

3 Payments

3 Payments
TOTAL TOTAL
Unrestricted Designated Restricted FUNDS Unrestricted Designated Restricted FUNDS
Funds Funds Funds 2022 Funds Funds Funds 2021
£ £ £ £ £ £ £ £
a Costs of generating voluntary income 0
Stewardship costs 0 0
0 0 0 0 0
b Fund raising costs 0 0
0 0 0
0 0
0 0 0 0 0
c Church Activities
Missionary and charitable giving (Note 6): 0 0
Ministry Costs 0 0
Diocesan Offer 30 30 5,833 5,833
Expenses 2,400 2,400 2,228 2,228
Vicarage costs 3,166 3,166 3,095 3,095
Other Ministry costs 0 0
Church running expenses 0 0
Utilities 2,374 2,374 2,690 2,690
Insurance 8,813 8,813 8,517 8,517
Church maintenance & cleaning 4,998 4,998 3,576 3,576
Major Structural work 0 0
Upkeep of services 3,659 3,659 1,585 1,585
Organ Tuning and Playing 0 0
Parish Centre running expenses 0 0
Utilities 470 470 424 424
Cleaning & Maintenance 42 42 0
Insurance 0 0
Hall running expenses 0 0
Utilities 4,000 4,000 3,471 3,471
Cleaning & Maintenance 569 569 412 412
Insurance 0 0
Funshine Club 1,424 1,424 171 171
Social Committee 0 0 0
Administration 10,621 10,621 1,521 1,521
Upkeep of services
Other costs 1,375 10,972 12,347 572 572
42,515 0 12,396 54,911 33,924 0 171 34,095
Total payments 42,515 0 12,396 54,911 33,924 0 171 34,095

PAROCHIAL CHURCH COUNCIL OF CRAY VALLEY BENEFICE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

4 Statement of Fund Movements

Unrestricted Fund
General fund
Designated Funds
St Mary's Church Repair Fund
Church Centre Repair Fund
Curate's House Proceeds
St Andrew Church Repair Fund
St Andrew Disabled Entry Fund
Restricted Funds
Restoration Fund
Charitable Giving
Disabled Entry (Incl. M Deering Monies)
Rossi's Rascals
Funshine Club
Social Fund
Total bank and current accounts
Total funds		 Bal b/fwd
Income
Expenditure
Transfers
Bal c/fwd
1 Jan 2022
between
31 Dec 2022
funds
£
£
£
£
£
15,402
56,423
(42,515)
(2,610)
26,700
15,402
56,423
(42,515)
(2,610)
26,700
2,453
16
0
1,000
3,469
0
0
0
0
0
0
0
0
0
0
6,602
38
0
1,400
8,040
0
0
0
0
0
9,055
54
0
2,400
11,509
13,156
79
0
210
13,444
0
0
0
0
0
4,424
8,207
(10,972)
0
1,659
1,208
7
0
0
1,216
113
1,523
(1,423)
0
213
3,812
0
0
0
3,812
0
0
0
0
0
22,712
9,816
(12,395)
210
20,344
47,167
66,293
(54,910)
0
58,553
47,169
66,293
(54,910)
0
58,552

The General Fund is available to the PCC for day to day income and expenses. Its assets are held in a Lloyds,Natwest Current and Reserve account and a Metro Current Account.

The Church, Church Centre and Chruch Hall Repair Funds have been designated by the PCC for the repair of those buildings. The monies are held in a deposit account with Rochester Diocese Board of Finance.

The Restricted Restoration Fund - This Fund is used for Church Maintenance projects.

Rossi's Rascals is a Restricted Fund for the Pre-school deposits.

The Disabled Entry Fund is a restricted fund for monies set aside towards this project.

The Funshine Club Fund is a restricted fund and includes the income and expenditure for the club. Only transactions which have been processed

The Social Fund is a restricted fund and includes the income and expenditure for the club. The Fund has it's own bank account.

The Valentine Sparrow Ecclesiastical Charity Endowment fund is held in a CBF Investment Fund. Dividends are credited to general funds.

PAROCHIAL CHURCH COUNCIL OF CRAY VALLEY BENEFICE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

----- Start of picture text -----
5 Staff costs
2022 2021
£ £
a Wages and salaries 0 0
----- End of picture text -----

The PCC no longer employs a Parish Administrator

Payments of £1120 (£305 2021) to the Organist were on a self-employed basis.

No other payments, apart from reimbursement of expenses, were made to PCC members.

----- Start of picture text -----
2022 2021
£ £ £ £
Undesignated Special Undesignated Special
Collections Collections
Churches Together - - - -
----- End of picture text -----

0 0 0 0

7 Reserves policy

It is PCC policy to maintain a balance on liquid unrestricted funds (including Repair Funds), which equates to approximately 3 months' unrestricted payments, to cover emergency situations. The current balance on 'liquid' unrestricted funds at the year-end represents over 9 months of such expenditure.

85 Crofton Road. Orpington, BR6 8HU 01689 836825 07801328415 2 April 2023 Ms Patri￿ Adams Parish Treasurer, Cray Valley Parish, The Vicarage, 71 Anglesea Road, Orpington. BRS 4 AN. Cra Valle Parish Accounts. Dear Patrice, I have made a thorough examination of the Parish Accounts, bank statements and supporting documents and can confirm that they are a true and accurate account of the finances of the Cray Valley Parish, Yours faithfully. Michael Lawson, BA, AKC, Independent Financial Examiner