# **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALFOLD AND LOXWOOD** Trustees’ Annual Report and Financial Statements Year ended 31 December 2022 Registered Charity Number: 1165693 ## **Contents by Section** ||Pages|| |---|---|---| |**Section A: Trustees’ Report**||| |References and administrative details of the Charity||3 -| |5||| |Trustees’ report|7 - 13|| |**Section B: Independent Examiner’s Report**||| |Independent Examiner’s Report to the Trustees||14| |**Section C: Accounts**||| |Statement of Financial Activities|15|| |Balance Sheet|16|| |Notes to the fnancial statements|17 - 23|| ## **References and administrative details** **Charity Name** Alfold & Loxwood PCC **Charity Registration Number** 1165693 **Contact Address** Parish Office, Alfold Church Room, Rosemary Lane, Alfold GU6 8EU **Parish Administrator** Mrs Emily Cross Members of the PCC who have served during the period from the 2022 APCM (03 Apr 2022) until the date this report was approved are: ## **Ex-Officio Members** Rector: Reverend Gregory Cushing Curate: Reverend James Hanson Permission to Officiate: Mr Michael Edwards Churchwardens: Mrs Elizabeth Simpson Year 3 Mr Trevor Goacher Year 2 **Representatives on the Deanery Synod** Mr Richard Allan Mrs Suzanne Burdfield Mr Michael Edwards Mrs Ele Cushing (Diocesan) Mrs Ruth Allan (General) **Office Bearers** Secretary: Mr Roger Brockway (Elected) Year 3 Hon. Treasurer: Eur. Ing. Ralph Martin (Elected) Year 1 **Elected Members, (3-year term):** Mrs Linda Beadle Year 2 Dr Iain Taylor Year 1 Mrs Christine Bolton Year 3 Mrs Rebecca Hughes Year 3 Ms Rosemary Wyer Year 1 Ms Judy McMath Year 1 Mr Stephen Hursthouse Year 1 **Independent Examiner** Mr Jim Jewell Trehenny Spy Lane Loxwood **Bankers** National Westminster Bank 77 High Street _Godalming_ GU7 1AR ## **INDEPENDENT EXAMINER** The PCC reappointed Mr Jim Jewell to act as Independent Examiner at the Annual Parochial Church Meeting held on 16[th] April 2023. We are very grateful to Mr Jewell for undertaking this work. ## **APPROVAL OF ANNUAL REPORT** This report was approved by the PCC on 15[th] March 2023 and signed on its behalf by: The Rev. Gregory D Cushing Ralph Martin PCC Chairman Hon. Treasurer ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under The Parochial Church Council Measure. The PCC is a charity and is registered on the Register of Charities by the Charities Commission with the Registered Charity Number 1165693. The appointment of PCC members is governed by and set out in the Church Representation Rules. All church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC. Each lay PCC member is to be appointed for a term of three years. At the end of his / her term, that member is entitled to put himself / herself forward to the APCM for immediate re-election to the PCC. In normal circumstances after serving two terms, the member must stand down for a period of at least one year. However, when there is a lack of members putting themselves forward for election to the PCC, and the person standing down would lead to the PCC being unduly under strength, the PCC would waive this rule. The PCC endeavours to make the prime focus of the PCC the work of the Church rather than administration. To undertake administrative matters, there are a number of groups, such as a Buildings Group, a Finance Group, a Safeguarding Group, and a Human Relations Group, which under the leadership of a PCC member and reporting back regularly to the PCC, focus on the detailed work directly related to the topic concerned. The PCC recognises its responsibility to carry out a review of all risks to which the charity is exposed, and a start has been made with this by introducing the Diocesan system of risk analysis for each one of our activities. Risk analyses have been completed for all activities carried out by the PCC, the Diocesan Safeguarding systems have been fully implemented, Health and Safety reviews have been undertaken in the three buildings for which the PCC is responsible and financial controls have been reviewed. In each case, administrative procedures have been improved and training initiated where necessary. The procedures recently developed jointly by the Church of England and the Charity Commission for the reporting of serious incidents will be initiated from the date of the approval of this report. During 2022, the PCC met five times. ## **AIMS AND PURPOSES** The Parochial Church Council (“PCC”) has the responsibility of co-operating with the Priest-in-Charge (Rev Greg Cushing) in promoting in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic, social and ecumenical. The PCC is also responsible for the maintenance of the two church buildings, St. John the Baptist, Loxwood and St. Nicholas, Alfold, their church rooms, churchyards and the garden of remembrance. Our mission statement: _“We seek to be a generous church for the whole community, committed to growing together in love for our Saviour Jesus Christ and sharing His love with others.”_ With that in mind, we seek to play our part in our diocese’s exciting vision ‘ _Transforming Church, Transforming Lives._ ’ We’ve taken to heart its twelve transformation goals. We long to bless the diocese with good parish representation at all levels on Deanery, Diocesan, and General Synod. Most of all we long to be a rural church that resources other rural churches. ## **PUBLIC BENEFIT** Our primary goals as a Church of England parish are: - Spiritual, we proclaim Jesus and His Gospel to all – in the words of John 3:!6, “For God so loved the world that he sent his only begotten Son, that whoever believes in him will not die but have eternal life.” We provide church services, which are open to all who wish to participate and provide access to our church buildings, which are open all day for private prayer where possible enabling solace to be found away from the busyness of everyday life. - Practical, that all within the parish are entitled to call on the parish team for baptisms, marriages, funerals and other forms of help such as assisting the disabled, marriage and bereavement counselling and visiting the sick at home and in hospital. - Missional, we look beyond our parish to those who are less fortunate than ourselves in this country and overseas and support them prayerfully and financially. ## **Rev Greg’s Foreword** ## **Looking back:** _My heart is filled with thankfulness To Him who walks beside; Who floods my weaknesses with strength And causes fears to fly; Whose ev'ry promise is enough For ev'ry step I take, Sustaining me with arms of love And crowning me with grace._ These are the beautiful words of the second verse of ‘My heart is filled with thankfulness’ written by Keith & Kristyn Getty, and they capture something of that which I wish to express in a few words at the beginning of this report. This will be my seventh and final report as Rector of this parish and I want the note to be one of thankfulness. Certainly, I can talk about results from 2022: an amazing Church Weekend Away, an exciting Holiday Club in our reordered Church building for the first time, an electoral roll of 124, an average October attendance figure of 80, 66 of whom attend mid-week Bible studies, or the worshipping community of 148, or the 25 children & youth we’re reaching midweek, or the 12 funerals, 5 weddings, and 3 baptisms we’ve conducted in our two church buildings – lots of these figures speak of growth in number and spiritual depth. But, it’s not the results for which I’m chiefly thankful, nor is it these results that ultimately define us. My thankfulness is directed ultimately upwards to the God who ‘ _walks beside… floods my weaknesses with strength and causes fears to fly._ ’ And, secondly my thankfulness is directed towards the church family here for being just that – family. The Cushing’s came here broken 7 years ago, you know the story – Postpartum Psychosis had ensnared us and threatened to define each future step. But God in His goodness brought us to you, both to use our weaknesses for your glory, but also to use you in our healing and restoration. In grappling with the Bible, we learn that the number 7 speaks of completeness and fullness in life, and that’s what these last 7 years have been for us. There are so many memories I could share, so let me indulge you in one or two: Firstly, there were a few ‘signs’ from the Lord why we followed His leading here in the first place. One of them was meeting The Dales for a cuppa on the first day of my interview and almost in ear of the other shortlisted candidate Peter whispered, “ _Greg, we’ve prayed you into being!_ ” Another one was being introduced to the LLM Mike Edwards who unprompted said to me, “ _I honestly don’t understand how we expect to hear from God when we limit Him to a 7-minute homily on a Sunday!_ ” Immediately I knew I’d have kindred spirits, and you can blame him for the longer sermons! Secondly, and fast-forwarding 5 or so years, opening a boot full of doughnuts, Lucozade, pasties and every other sort of high calorie energy inducing treat, there I am with The Allans on our Lands End to John O Groats cycling fundraising endeavour. Each time we’d stop to refuel from the boot Ruth would update us with who’d text her to wish us all the best, and who’d visited Ele to ensure she wasn’t missing her husband too much, and quite often Ruth would end with the words, “ _Isn’t our church family the best!_ ” It really is, and all those actions of love were multiplied when little Jesse came along too. So, in conclusion, certainly I can talk about results and vision going ahead, but I’ll leave that to James as he steadies the ship during the upcoming interregnum, instead I simply want to say thank you. Thank you for all that you are, and all that God is continuing to make you. Alfold and Loxwood Parish, we Cushing’s love you, you’re etched on our hearts, all your faces are precious to us. Our prayer is that more and more you each find your home and identity in this Church family God is shaping. Don’t be afraid of allowing yourselves to be fully known. And, if you’re reading this from afar, why not get involved in the church family here – it really is the best :-) With love Rev Greg ## **Setting Sail with Rev James** ## **Looking Ahead:** We owe Rev Greg an enormous debt of thanks – such an amazing gift to this church for this season. Words can’t do justice to how much love he and Ele have poured into the community, church family and wider church, and we have to give God the praise for calling them here for these 7 years, and thanksgiving for their faith and obedience in answering his call. Sometimes handover is hard, and transition sluggish. Churches that head into a time or season of vacancy might coast for a while; they may also stall and gently slide backwards. **However, Alfold and Loxwood is not one of those parishes!** Out of the many great gifts Greg has given to us, the most recent one has been to take us on a wonderful journey through 2022 listening to God, discerning his voice and working together to put together a new and vibrant parish development plan. The “PNP” – parish needs process is a relatively new construction from the Diocese, as a joint endeavour with Diocesan support to help parishes do exactly that – asking God for his will for our mission and call to minister here in these parishes at this time. More often than not, churches (as many other organisations) find it really hard to formulate such a vision and development plan. Some of them find voices dominate and very few actually manage to input into a process, whereas others have too many ideas to disseminate down into what they should be doing. For us, the process has been not only a gift but a real joy. We were affirmed by the Archdeacon (on his annual visitation in November) about how clear and exciting it was, and we also had the same sense of affirmation from the Deanery when we presented our action plan back in February. Key senior leaders have heaped praise for the development planning. Not resting on laurels, a vision is only any good if people can see it clearly, understand where we are going and jump on board a boat heading in that direction. So, while Greg’s gift to us has been to help us shape the vision and development plan into a one-page plan: KNOW – GROW – GO, I have felt clearly from the Lord that it will be my role to help steer this ship through the year in that direction. Practically, this means I feel called to lead us into the phase of enacting this vision and, with a wonderful team around us, turning the plans into a reality. The words God has given me for this season are: **learning to listen afresh to his voice, growing in discipleship and preparing ourselves to be called out into the mission field.** So, we began our New year with a new memory verse from Matthew 7:7: “ _Ask and it will be given to you; seek and you will find; knock and the door will be opened to you_ .” At the New year’s day service, I unpacked what this verse may mean to us through the year, and also what our KNOW- GROW-GO vision would begin to look like as we set sail under God’s wind. ASK is to KNOW, SEEK is to GROW and KNOCK is to GO. Since January, we have had a term card that looks like a prayer diary, and our outworkings I placed under the three headings, so that we could really see what the vision looks like, what we have been doing and continue to do, and what might be new through 2023. The journey of all of us from Knowing Jesus, Growing in faith and love of Him and then Going out into the community and world to live for him is a simple reminder of our own walk with the Lord, so some aspects will resonate more for us than others, depending on where we feel we each are on this journey. ## KNOW With our teaching series in 2023, we have been exploring Paul’s 2[nd] letter to the Corinthians, and a mini-series on discipleship and listening to God through his Word, Spirit and Dreams before Easter. This has dovetailed around a Pilgrim journey through the book of 1 Thessalonians. It has been so amazing to see the overlap of messages coming across from one chapter of each letter, that we know God has been at work stirring our hearts similarly. It isn’t easy doing a deep dive into Paul’s epistles, but it has been so rewarding and so reassuring that he is speaking to us in simple words like Obedience, Faithfulness, Encouragement. We are on a journey of personal growth in Knowing Jesus, spending time in prayer and reading Scripture more and more. I have also felt we are on a journey of listening and learning to listen to God more and more. For a number of us, we love using the Lectio 365 app for daily prayer and meditation on God’s word, and thus the Lent course on Lectio reading has come at a great time to help dive deeper into his word, and also deeper in knowing him by listening to his voice. As a church, we need to hear the master’s voice (John 10:27), so that we know who we follow. So we long to offer yet more time to know God. For those who don’t yet have a personal faith, we continue to offer a termly Christianity exploration course (Alpha, CE), and more courses and prayer meetings to help us know him more. Through some of our training, we have been challenged to leave more time of silence in our times of prayer, to allow God to speak to each of us. ## GROW After Easter, we will spend the season of Easter-tide exploring Jesus’ final days of human life and his teaching to us on Forgiveness, Fulfilment and Vocation. Then we step into a journey through 2 Peter, as we again move back into discipleship focus – this means an attitude of a learner, a follower of Jesus and one who will disciple and teach others. Our Pilgrim groups will begin a new series on Nehemiah – learning what it means to rebuild the walls, walk together and stand tall in the face of adversity. My hope is that this will lead us on a really fruitful season of growth – in our personal relationship with Jesus, our desire to be trained and equipped for the Christian life, and our growth as a church family by meeting together for fellowship, teaching and prayer. I long for all of us to continue growing more and more like Jesus; learning to let go of our old selves and strive towards where he is calling us to be and to go. Within our work alongside children and young people, it is clear that God has been building up a really good team, all eager to continue to grow. Some of our work will evolve – the growth of more messy church events and a new Sunday Fearless group has been exciting in 2022. Yet we know Revved Up will change shape after Easter as we look at the right timings and focus for it. There is much outreach to families still to come, so we eagerly desire God’s call to go before us in steering us in his direction. ## GO There will be much to look forward to over the Summer months, from a retreat day, church family day out, prayer walks round the boundaries of the parish and as we cover the season of prayer and waiting on the Holy Spirit through Ascension day, Pentecost, and Trinity Sunday we will unpack some more jargon that we slip into during our Sunday sermon series. All of this growing can only lead to the other key question – where are we going? Where is God equipping us to be sent? What areas of mission is he readying us to step into during the rest of 2023? At the end of 2022, a small group of 6 of us embarked on the 15 month-long CPAS training in evangelism learning hubs, meeting every 2 months. The team is looking to understand what evangelism looks like in a post-covid world, even a post-truth world, and where we might have natural opportunity to build on our links within our community already. I am excited, because I don’t know what this may look like, but I have great peace, patience and faith that God will speak richly to us, and open those doors. We just have to be ready to say ‘yes.’ We explored Acts 16 back in March, when Paul and his companions found the Spirit had closed doors for them; yet when Paul received a dream, they were all ready to respond to that dream and immediately go where God was calling them to go and minister. We have an exciting time ahead as we await the right person to take on the leadership of this parish but, I hope, a growing sense of vocation bubbling up in all of us to respond by faith and obedience to his call. We have set sail on this KNOW-GROW-GO pathway, with a fair wind and much enthusiasm. As a church stepping into a vacancy period, we have a strong collective desire amongst us to not slow down – rather we may accelerate into the season as we have been given this gift of vision and a direction. Ask is to KNOW Seek is to GROW Knock is to GO. Rev James ## **TREASURER’S FINANCIAL REVIEW** ## **1.Income** The Statement of Financial Activities for 2022 shows that income from donations and legacies was down by 5.2% in 2022, from £124,394 in 2021 to £117,937 in this financial year. This is a disappointing result but not altogether surprising given the financial pressures we all face from the steep rise in the cost of living. Accordingly, the decrease in giving was made publicly known to the Parish, via a slide show in Church, in December last and we are taking steps to encourage both increased personal giving as well as increasing our number of givers through the Parish Giving Scheme. Our total number of donors via Bank Accounts, the Parish Giving Scheme and Stewardship increased by only 2. Pleasingly our income from Charitable Activities, was up again, from £3,769 last year to £9,126 in 2022. Other trading activities, such as fetes, brought in £9,380 as compared to £5,625 last year. Magazine advertising was up, from £2,935 in 2021 to £3,525 this year. These sources of revenue greatly benefit the overall accounts and we wish to express our grateful thanks to all those who take part in, or contribute, to both the organisation and administration of such activities. Despite the above decrease in direct giving in 2022, our other sources on income supplemented our total income for 2022 which ended up at £139,855. In the present financial climate, this is a very creditable increase of 1% on the previous year. ## **2. Expenditure** Our total expenditure in 2022 amounted to £150,427. This is a trading loss of £10,572 for the year which is unsustainable in the medium term. Further, our Christmas appeal for funds produced only two gifts! In terms of our investment portfolio, my predecessor Dr Iain Taylor, correctly predicted the volatility of the world markets and we have indeed recorded a decrease in our investments of £15,191. Fortunately, for the accounts, the soaring energy costs only began to show in our accounts in the latter part of 2022 and we benefited from an Energy Grant for £1,843.75 from the Diocese which helped to defray utility costs. Regrettably correspondence from SSE Electricity and others indicates that we are not eligible for Government support for our energy costs. Our giving to our mission partners is a tithe based gift. In 2022 donations to our various mission partners around the world totalled £11,585. Our heaviest financial burden by far is the annual Diocesan Parish Share. This was £74,431 in 2022 and has increased to £76,439 for 2023, this is rise of approximately 2% over 2022. ## **3. Reserves policy** The PCC’s policy is to maintain a balance on unrestricted funds which equates to at least three months’ unrestricted payments. This is to smooth out fluctuations in cash flow and to meet any emergencies. Our general fund reserve was £91,729 on 31 December 2022 and our unrestricted expenditure for the year was £119,437 representing approximately 9 months reserve compared with 11 months last year. Accordingly, this ratio will be kept under review during 2023. The balance of the Alfold Church bell fund remains unchanged at £1,359 (2021: £1,359). The balance of £53,073 (2021 £59,085) in the two fabric fund reserves is retained for financing repairs to the respective church buildings and the church rooms. The Alfold church balance is £5,223 and the Loxwood balance is £47,850. The balance of the music and organ fund remains unchanged at £15 (2021: £15). We need funds urgently to support the Curate as we are in the last year, (2023 is year 3), of a £5000 annual grant from the Cross Trust. It is PCC policy to invest the short-term investment fund balances with the CCLA Church of England Investment Fund. ## **STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2022** |
**Endowment**

**funds**
**funds**|**Unrestricted Restricted**
**Total**
**funds funds**
**2021**| |---|---| |**Income and endowments**
**from: (Note 2)**|**£**
**£**
**£**
**£**
**£**| |Donations and legacies|97,349
20,588
—
117,937
124,394| |Income from charitable activities|9,126
—
—
9,126
3,769| |Other trading activities
Investment income|9,380
1
—
3,411
—
—
9,380
3,412
5,625
3,295| |**Total income**|**115,856**
**23,999**
—
**139,**
**855**
**137,083**| ||| ||| |**Expenditure on: (Note 3)**|| |Expenditure on charitable
activities|119,437
30,990
—
150,427
123,660| |**Total expenditure**|**119,437**
**30,990**
**—**
**150,**
**427**
**123,**
**660**| ||| |**Net income / (expenditure)**
**resources before transfer**|**(3,581)**
**(6,991)**
—
**(10,572**
**)**
**13,423**| ||| |**Gains/Losses on Investments**
**unrealised**|(5,993)
(4,121)
(5,078)
(15,192)
16,168| |**Net movement in funds**|**(9,574)**
**(11,112**
**)**
**(5,078)**
**(25,764**
**)**
**29,591**| ||| |**Total funds brought forward**|101,303
67,134
43,136
211,573
181,982| ||| |**Total funds carried forward**|**£91,729**
**£56,022**
**£38,058**
**£185,80**
**9**
**£211,57**
**3**| ||| |**Represented by:**|| ||| |**Unrestricted**|| |General fund|91,729
—
—
91,729
95,126| ||| |**Restricted**|| |Bell Fund - Alfold|—
1,359
—
1,359
1,359| |Fabric Fund - Alfold|—
5,223
—
5,223
4,626| |Fabric Fund - Loxwood|—
47,850
—
47,850
54,459| |Hardship Fund
Curate Fund|—
—
1,590
—
—
—
1,590
—
1,675
5,000| |Music and Organ Fund|—
—
—
—
15| |Special Groups Fund - Youth
Fund|—
—
—
—
-| ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALFOLD AND LOXWOOD Annual Report and Financial Statements** ## **for the year ended 31 December 2022** ||—
56,022
—
56,022
67,134| |---|---| |**Endowment**|| |Endowment Trusts|—
—
38,058
38,0
58
43,136| |**Total funds carried forward**|**91,729**
**£56,022**
**£38,058**
**£185,**
**809**
**£211,57**
**3**| ||| **The attached notes on pages 17 to 23 form part of these accounts** ## **BALANCE SHEET as at 31 December 2022** |**BALANCE SHEET as at 31 December 2022**|||||| |---|---|---|---|---|---| |2021
**£**|2022
**£**||||| ||||||| |**Fixed assets**|||||| |Tangible assets (Note 5)|10,536
4,390||||| |Investments (Note 9)|114,214
129,405||||| ||**124,750**
**133,795**||||| ||||||| |**Current assets**|||||| |Stocks and work in progress|742
278||||| |Debtors|7,444
7,876||||| |Short-term deposits and cash at bank (Note 10)|68,045
85,387||||| ||**76,231**
**93,541**||||| ||||||| |**Liabilities**|||||| |Creditors: Amounts falling due in one year|15,172
15,763||||| ||**15,172**
**15,763**||||| ||||||| |**Net current assets**|**61.059**
**77,778**||||| ||||||| |**Total assets less current liabilities**|**185**
**,809**
**211,573**||||| ||||||| |**Total assets less liabilities**|**£185,809**
**£211,573**||||| ||||||| |**Represented by**|||||| ||||||| |**Unrestricted**|||||| |General fund||91,729||101,303|| ||||||| |**Restricted (Note 7)**|||||| |Bell Fund - Alfold||1,359||1,359|| |Endowment Trusts Accumulated Income Fund||—||—|| |Fabric Fund - Alfold||5,223||4,626|| |Fabric Fund - Loxwood||47,850||54,459|| |Hardship Fund
Curate Fund|||1,590
—||1,675
5,000| |Music and Organ Fund|||—||15| |||____
56,022||____
67,134|| |**Endowment (Note 7)**|||||| |Endowment Trusts||38,058||43,136|| 2 # **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALFOLD AND LOXWOOD Annual Report and Financial Statements** # **for the year ended 31 December 2022** **Funds of the PCC** **£185,809 £211,573** ## **The attached notes on pages 17 to 23 form part of these accounts.** ## **NOTES TO THE FINANCIAL STATEMENTS - 31 DECEMBER 2022** ## **1 Accounting policies** ## _Basis of financial statements_ The financial statements have been prepared under the Church Accounting Regulations 2006 in accordance with applicable accounting standards and the current Statement of Recommended Accounting Practice and Reporting by Charities (SORP 2015). The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value. The financial statements include all transactions, assets and liabilities for which the PCC is responsible at law. ## _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 as restricted income funds. Restricted funds represent (a) income from trusts or endowments which may be expended only on those restricted objects provided in 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 the year must be carried forward as a balance on that fund. The PCC does not usually invest separately for each fund. Unrestricted funds are income funds, which are to be spent on the PCC’s general purposes. ## _Incoming resources_ Planned Giving, collections and donations are recognised when received. Tax refunds are recognised when the incoming resource to which they relate is received. Grants and legacies are accounted for when the PCC is legally entitled to the amounts due. Dividends are accounted for when receivable, interest is accrued. All other income is recognised when it is receivable. All incoming resources are accounted for gross. ## _Resources expended_ 3 ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALFOLD AND LOXWOOD Annual Report and Financial Statements for the year ended 31 December 2022** Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC. The diocesan parish share is accounted for when due. Amounts received specifically for mission are dealt with as restricted funds. All other expenditure is generally recognised when it is incurred and is accounted for gross. ## **Note 1 (continued)** ## _Fixed assets_ Consecrated and benefice property is not included in the accounts in accordance with s 10(2) (a) and (c) of the Charities Act 2011. Various items of movable church furnishings are vested in the churchwardens for the use and benefit of the parishioners and cannot be disposed of without a faculty. These assets are regarded as “inalienable” property held on special trust on behalf of the PCC and are not accounted for in these accounts. Expenditure to renew, improve or add to them is written off as an expense in the financial year in which it occurs. The organ in the Loxwood church is being depreciated on a straight-line basis over 10 years. Printing and electronic equipment is depreciated over 5 years on a straight-line basis. Investments are valued at market value at the balance sheet date. 4 ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALFOLD AND LOXWOOD Annual Report and Financial Statements** ## **for the year ended 31 December 2022** ## **2 Analysis of income** **Donations and legacies Total** |**Donations and legacies**
**Total**|
|
| |---|---|---| |
**This year 2021**
Gift Aid - Planned Giving
Gift Aid - Parish Giving Scheme
Gift Aid - Other Giving
Non Gift Aid - Planned Giving
Loose plate collections
Giving through church boxes
Donations
Tax recoverable on Gift Aid
Non-recurring Grants
Recurring grants
Total||**Unrestricted Restricted**
**Endowment**
**£**
**£**
**£**
**£**
**£**
8,165
—
—
8,165
12,860
42,965
—
—
42,965
37,349
10,935
8,370
—
19,305
22,645
11,849
—
—
11,849
11,063
5,056
—
—
5,056
4,009
74
—
—
74
27
1,968
5,160
—
7,128
12,870
15,537
—
2,058
5,000
—
—
17,595
5,000
15,181
5,
000
800
—
—
800
3,390| |||97,349
20,5
88
—
117,937
124,394| |**Income from charitable activities**
Fees for weddings and funerals.
4,386
---
—
4,386
3,52
9
Flower Festival
3,112
---
—
3,112
—
Beer and Carols
1,245
---
—
1,245
—
Book Sales
383
---
—
383
240
**Total**
**9,126**
**---**
**—**
**9,126**
**3,769**|**Income from charitable activities**
Fees for weddings and funerals.
4,386
---
—
4,386
3,52
9
Flower Festival
3,112
---
—
3,112
—
Beer and Carols
1,245
---
—
1,245
—
Book Sales
383
---
—
383
240
**Total**
**9,126**
**---**
**—**
**9,126**
**3,769**| |---|---| ||**9,126**
**---**
**—**
**9,126**
**3,769**| ||| |**Other trading activities**
Bazaars and fetes etc.
Church hall lettings - fund raising
Magazine income - advertising
Parish magazine sales
Printing and Copying income
**Total**|
4,175
---
—
4,175
2,250
284
---
—
284
148
3,525
---
—
3,525
2,935
1,396
---
—
1,396
147
---
---
—
---
145| ||**9,380**
**---**
**—**
**9,380**
**5,625**| **Investments** |Dividends
Bank and building society
interest
**Total**|—
3,400
—
3,400
3,294
1
11
—
12
1| |---|---| ||**1**
**3,411**
**—**
**3,412**
**3,295**| ||| 5 **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALFOLD AND LOXWOOD Annual Report and Financial Statements** # **for the year ended 31 December 2022** |**INCOME TOTAL**||**£23,999**|—|**£139,855**|**£137,08**| |---|---|---|---|---|---| ||**£115,856**||||**3**| ||||||| 6 ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALFOLD AND LOXWOOD** ## **Annual Report and Financial Statements** ## **for the year ended 31 December 2022** ## **3 Analysis of expenditure** |**Raising funds**
**Endowment**|
|**Unrestricted**
**Restricted**
**This year**
**2021**
£
£
£
£
£
—
—
—
—
---| |---|---|---| |Costs of fetes & other events
**Total**||| |||| |||**—**
**—**
**—**
—
**-**
**--**| ## **Expenditure on charitable activities** ||**Endowment**|
|**Unrestricted**
**Restricted**
**This year**
**2021**
11,586
—
—
11,586
12,179
—
85
—
85
—
130
—
—
130
27
74,540
—
—
74,540
71,431
7,604
—
—
7,604
12,219
196
383
—
579
535
547
4,809
—
10,000
—
—
547
14,809
515
7,375
150
—
—
150
150
3,056
—
—
3,056
2,117
757
—
—
757
445
239
243
—
15
—
—
239
258
400
248
2,112
—
—
2,112
1,294
—
—
—
15,954
—
—
—
15,954
—
990
702
3,804
—
4,506
2,316
4,329
749
—
5,078
5,271
1,704
159
—
—
—
—
1,704
159
3,715
157
1,751
—
—
1,751
688
370
—
—
370
205
861
—
—
861
—
3,592
—
—
3,592
1,383| |---|---|---|---| ||Giving to missionary societies
Hardship Fund Donations
Home Mission
Diocesan parish share
Salaries of parish staf
Working expenses of incumbent
Rectory expenses
Curate Expenses
Parish training and mission
Insurance
Church ofce - expenses
Youth Activities
Organ/Piano Tuning
Church maintenance - minor
repairs
Church maintenance – Major
works –
Alfold
Church maintenance - Major
works - Loxwood
Upkeep of services
Upkeep of churchyards & Garden
of Remembrance
Utilities
Magazine Expenses
Printing, Stationary and
Computer costs
Cost of books sold
Weekend Away
Other expenditure
**Total**||| ||||| ||||**119,437**
**30,990**
**—**
**150,427**
**123,660**| ||||| ||||| ||**EXPENDITURE TOTAL**|**£119,437**
**£30,990**
**—**
**£150,427**
**£123,660**|| 7 ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALFOLD AND LOXWOOD Annual Report and Financial Statements** **for the year ended 31 December 2022** 8 **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALFOLD AND LOXWOOD Annual Report and Financial Statements** ## **for the year ended 31 December 2022** ## **4 Major works** |**4**
**Major works**|||| |---|---|---|---| |

Loxwood Creche Door
Loxwood Church Reordering
Building work
Carpets
Audio




**Total**

**4**|**2022**

**1**
**£**

—
2,000
8,827
5,127
990
—
—

—

**£15,95**

**0**|

|**202**
**£**
**£99**| ||
||| ||||| ||||| Note: Loxwood reordering costs amounting to £2,000 related to payments made to Trustees. ## **5 Tangible fixed assets** (Organ restricted, other assets unrestricted) |**Loxwoo**
**d**
**organ**
**Church**
**equipme**
**nt**
**Parish**
**ofce**
**equipme**
**nt**
**Cost**
**£**
**£**
**£**
At 1 January 2022
17,625
12,874
4,585
Additions
-
10,270
-
31 December 2022
17,625
23,144
4,585
**Depreciation**
At 1 January 2022
17,625
8,982
4,087
Charge for the year
-
4,000
124
At 31 December 2022
17,625
12,982
4,211
**Net book value at 31 December**
**2022**
**NIL**
**£10,162**
**£374**
**Net book value at 31 December**
**2021**
**NIL**
**£3,892**
**£498**|**Loxwoo**
**d**
**organ**
**Church**
**equipme**
**nt**
**Parish**
**ofce**
**equipme**
**nt**
**Cost**
**£**
**£**
**£**
At 1 January 2022
17,625
12,874
4,585
Additions
-
10,270
-
31 December 2022
17,625
23,144
4,585
**Depreciation**
At 1 January 2022
17,625
8,982
4,087
Charge for the year
-
4,000
124
At 31 December 2022
17,625
12,982
4,211
**Net book value at 31 December**
**2022**
**NIL**
**£10,162**
**£374**
**Net book value at 31 December**
**2021**
**NIL**
**£3,892**
**£498**|**Loxwoo**
**d**
**organ**
**Church**
**equipme**
**nt**
**Parish**
**ofce**
**equipme**
**nt**
**Cost**
**£**
**£**
**£**
At 1 January 2022
17,625
12,874
4,585
Additions
-
10,270
-
31 December 2022
17,625
23,144
4,585
**Depreciation**
At 1 January 2022
17,625
8,982
4,087
Charge for the year
-
4,000
124
At 31 December 2022
17,625
12,982
4,211
**Net book value at 31 December**
**2022**
**NIL**
**£10,162**
**£374**
**Net book value at 31 December**
**2021**
**NIL**
**£3,892**
**£498**||**Total**
**£**| |---|---|---|---|---| |||**£**||| |||4,585||35,084| |||-||| |||||| |||4,585||| |||||| |||||| |||4,087||| |||124||| |||4,211||| |||||| |||**£374**||| |||||| |||**£498**||| |||||| Church equipment comprises computer equipment, the projector system at Loxwood Church a laptop for the incumbent and this year the addition of chairs at Loxwood Church. The PCC owns the Alfold Church Office building for which the Diocese acts as Custodian Trustee. The building was gifted by Edith Cammell in 1929 and has an estimated value of £200,000 to £250,000. **6 Mission giving and donations** **2022** **2021** 9 ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALFOLD AND LOXWOOD Annual Report and Financial Statements** ## **for the year ended 31 December 2022** ||**£**
1737.
75
—
4,634.00
1,737.75
1,737
.75
—
1,737.
75
**£11,585**|**£**
—
3,045
3,045
3,045
—
1,522
1,522
**£12,179**|**£**
—
3,045
3,045
3,045
—
1,522
1,522| |---|---|---|---| |Christians in Sport|||| |The Zambia Society
Paul Mansaray Theophany School of The Gambia
Christians Against Poverty
Street Angel
The Manlowes in Belgium
Prison Fellowship UK
**Total**|||| ||||| ## **7 Restricted and endowment funds** The Fabric Funds represent accumulated donations and appeals for fabric maintenance and improvements and can only be spent for that purpose in the respective churches. The Music and Organ Fund represented accumulated donations and appeals for the organ and music in the Church. The Hardship Fund represents donations and appeals during the Covid 19 Pandemic given to provide grants for individuals needing financial support. The Curate Fund represents donations and grants given for the purpose of funding the Curate. The Alfold church Bell Fund accumulated donations and is restricted for expenditure on the maintenance of the church bells there. Endowment Fund investments are held in trust the income from which is only to be spent on prescribed purposes: CBF Church of England Investment Fund 596 units in a Loxwood Churchyard Trust 435 units in G Whitmore Gift for beneficial purposes in the Loxwood parish 811 units in A Cardale Trust for beneficial purposes in the Loxwood parish These investments give rise to the Endowment Trust income which is shown in the Accumulated income fund. ## **The movements in the restricted and endowment funds during the year were:** |**the year were:**|||||| |---|---|---|---|---|---| ||**Openin**|**Incomin**|**Resourc**|**Investme**|**Closing**| ||**g**|**g**|**es**|**nt**|**balanc**| ||**Balanc**|**resourc**|**expende**|**revaluatio**|**e**| ||**e**|**es**|**d**|**n**|| |||||**Gains**|| ||**£**|**£**|**£**|**£**|**£**| |Fabric fund – Alfold church|4,626|597|-|-|5,223| |Fabric fund – Loxwood|54,459|17,270|19,758|(4,121)|47,850| 10 ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALFOLD AND LOXWOOD Annual Report and Financial Statements** ## **for the year ended 31 December 2022** |church||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |Special groups fund||-||-||-||-||-| |Music and organ fund||15||-||15||-||-| |Bell fund – Alfold church||1,359||-||-||-||1,359| |Hardship Fund
Curate Fund||1,675
5,000||-
5,000||85
10,000||-
-||1,590
-| |Endowment Trusts
Accumulated income fund||-||1,132||1,132||-||-| |Total restricted funds||67,134||23,999||30,990||(4,121)||56,022| |Endowment trusts||43,136||-||-||(5,078)||38,05
8| ||**£110,2**
**70**||**£23,999**||**£30,990**||**£(9,199)**||**£94,08**
**0**|| 11 ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALFOLD AND LOXWOOD Annual Report and Financial Statements** ## **for the year ended 31 December 2022** |**8**
**Analysis of net assets by fund**|**8**
**Analysis of net assets by fund**|**8**
**Analysis of net assets by fund**|**8**
**Analysis of net assets by fund**|**8**
**Analysis of net assets by fund**||| |---|---|---|---|---|---|---| |
**Unrestrict**
**ed**
**funds**
**Restricted**
**funds**
**Endowm**
**ent fund**||||||**Total**
**2022**| ||**£**|**£**||**£**||**£**| |Tangible fxed assets|570|9,966||-||10,536| |
Investment assets|40,625|35,531||38,058||114,214| |Current assets|63,471|12,760||-||76,231| |Current liabilities|(12,937)|(2,235)||-||(15,172)| |**Totals**|**£91,729**|**£56,022**|**£38,058**||**£185,809**|| ## **9 Investments** (mainly restricted or endowment) ||Market|value|value| |---|---|---|---| ||||| ||**2022**|**2021**|| |Units|**£**|**£**|| |CBF Church of England Investment Fund
4,289.73|88,632|100,457|| |COIF Charities Investment Fund
1,407.54|25,58
2|28,948|| |Totals|**£114,2**
**14**|**£129,40**
**5**|| ||||| |Of which:|||| |Restricted|35,531||63,953| |Endowment|38,058||43,136| |**Totals**|**£73,58**
**9**|**£107,08**
**9**|| ## **10 Short-term deposits and cash at bank** The deposits comprise: |The deposits comprise:||||| |---|---|---|---|---| ||**2022**|||**2021**| ||**£**|||**£**| |Bank Current accounts|67,069|||84,871| |CBF Church of England deposit|817|||806| |Bank deposit account
Cash in Hand|109
5
0|||109
—| |**Totals**|**£68,04**
**5**||**£85,386**|| |||||| |Of which:||||| |Restricted||12,759||722| |Unrestricted||55,286||84,664| |**Totals**|**£68,04**
**5**||**£85,386**|| 12 **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALFOLD AND LOXWOOD** ## **Annual Report and Financial Statements** **for the year ended 31 December 2022** ## **11 Trusts** The Guildford Diocese holds shares in trust for the Loxwood parish, administered by the Smallpeice Bequest, from which the PCC benefited this year. The PCC has no direct authority over this bequest. 13 ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALFOLD AND LOXWOOD Annual Report and Financial Statements Year ended 31 December 2022** ## **INDEPENDENT EXAMINER'S REPORT** I report on the accounts for the year ended 31 December 2022. ## **a) Respective responsibilities of the Trustees and the Examiner** The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is appropriate. It is my responsibility to - (a)examine the accounts under section 145 of the 2011 Act; - (b)follow the procedures laid down in the General Directions given by the Charity Commissioners section 145(5)(b) of the 2011 Act; and - (c) state whether particular matters have come to my attention. ## **b) Basis of Independent Examiner's Statement** My examination was carried out in accordance with the 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 the consideration of any unusual items or disclosures in the accounts and seeking explanations from the management committee concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in a full audit, and consequently I do not express an audit opinion on the accounts. ## **c) Independent Examiner's Statement** In connection with my examination, no matters have come to my attention: 1. Which give me reasonable cause to believe that in any material respect the requirements: (a) to keep accounting records in accordance with section 130 of the 2011 Act: or (b) to prepare accounts which accord with these accounting records 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. **Jim Jewell Date: Trehenny Spy Lane Loxwood**