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2022-12-31-accounts

INDEPENDENT EXAMINERS' REPORT TO THE PCC OF CHRIST CHURCH, WALMSLEY WITH ST ANDREWS, BROMLEY CROSS

FOR THE YEAR ENDED 31 DECEMBER 2022

I report on the accounts of the PCC for the year ended 31 December 2022, which are set out below

Respective responsibilities of PCC and the examiner

The members of the PCC are responsible for the preparation of the accounts. The PCC 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 needed.

It is my responsibility to:

Examine the accounts under section 145 of the 2011 Act;

To follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the 2011 Act);

To state whether particular matters have come to my attention.

Basis of Independent Examiner's report

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 PCC 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 you as 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:

to keep accounting records in accordance with section 130 of the 2011 Act; and

to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met, or

Brian Goodall

Independent Examiner

16 Turton Heights, Bromley Cross, Bolton BL2 3DU

Registered Charity number 1165756

The Parish of Christ Church, Walmsley with St Andrews, Bromley Cross

Part of the Turton Moorland Team Ministry in the Diocese of Manchester

Report and Accounts

For the year ended 31 December 2022

The Parish of Christ Church, Walmsley with St Andrews, Bromley Cross Report and accounts Contents

Page
Report of the PCC 1-6
Independent Examiners Report
Accounting Policies 7-8
Statement of Financial Activities 9-11
Balance Sheet 12
Notes to the Financial Statements 13-15
Statement of Movemment in Funds 16

THE PARISH OF CHRIST CHURCH, WALMSLEY WITH ST ANDREWS, BROMLEY CROSS

REPORT OF THE PCC YEAR ENDED 31 DECEMBER 2022

1 BACKGROUND

This vibrant and active Parish with a population of approximately 11,000 people, is based in a

The principal Church in the Parish is Christ Church, Walmsley, which was consecrated on 3 October 1839. Our other worship centre is St Andrew’s, Bromley Cross, a modern building completed in 1994 to replace a much older corrugated iron one. Associated halls and facilities, located within the grounds of Christ Church are the Parish Community Hall (a large, former junior school building) and “the Hideaway” (a modern Scouts and Guides ‘hut’). The site also includes Walmsley CE Primary School, which is sponsored by the Parish.

Our buildings are used by a variety of organisations. The Parish Community Hall is used by Walmsley Church Amateur Operatic Society regularly for productions and rehearsals. Historically, the Vicar has been the President of the Society. In addition, hirers include playgroups, dance classes and arts and crafts classes. St Andrew’s is hired by a playgroup, a mother and toddler group, for parish meetings, courses and it can be hired out for children’s parties etc. Both buildings are used for parish events of various kinds, particularly the highly successful monthly coffee mornings. We also support thriving uniformed youth groups including Scouts, Guides, Beavers, Cubs and Rainbows at both Churches.

The older buildings and structures require constant monitoring and frequent repairs and maintenance to enable us to continue to provide our services to parishioners and to the wider community, whilst the more modern ones have the potential for extension to enable further provision to be made. Managing the buildings and churchyards is therefore a continuing challenge for the Parochial Church Council.

By the Parochial Church Council (Powers) Measure 1956 the PCC is required to co-operate with the Minister of the church in promoting in the parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical - this the PCC continues to do very readily.

Bankers: Royal Bank of Scotland Nat West Bank Legal Advisor: Diocesan Registrar Architects: John Smalley (Good & Tillotson)

Independent Examin

Honorary Secretary: Hilary Gregory

1

THE PARISH OF CHRIST CHURCH, WALMSLEY WITH ST ANDREWS, BROMLEY CROSS

REPORT OF THE PCC YEAR ENDED 31 DECEMBER 2022

Honorary Treasurer: Claire Austin

Safeguarding Officer Elizabeth Gould

Members: Irene Bailey (Deanery Synod) Derek Bailey (Deanery Synod) Ted Browning Grace Cheeseman Colin Westwood Jean Maden Susan O’Hara Gill Smallwood (Left PCC Jan 2023) Gary Charnock Keith Lewis (Lay Chair Deanery Synod) Michael Rawlinson Grace Jackson Sheila Bolton Allan Hopkins (Team Council) Kath Grieve John Paton Angela Foster Gemma Dyson

3 ELECTORAL ROLL

December 2021 217 December 2022 210

4 PUBLIC BENEFIT

We have referred to the guidance in the Charity Commission’s general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the members have considered the activities of the Church and the Review of the Year, and assessed their future plans. They are satisfied that the criteria for public benefit are comprehensively achieved.

2

THE PARISH OF CHRIST CHURCH, WALMSLEY WITH ST ANDREWS, BROMLEY CROSS

REPORT OF THE PCC

YEAR ENDED 31 DECEMBER 2022

5 REVIEW OF THE YEAR

Aims and Purposes:

It is the responsibility of the Parochial Church Council (PCC) of Walmsley Parish (comprising Christ Church Walmsley and St. Andrew, Bromley Cross) and the minister to consult together on matters of general concern and importance to the parish.

The PCC will co-operate with the minister in promoting in the parish the whole mission of the church, pastoral, evangelistic, social and to encourage good relations with other Christian denominations.

The PCC will give consideration and discussion to matters concerning the Church of England or any other matters of religious or public interest but not the declaration of the doctrine of the church on any question. (Doctrine means the official teachings or beliefs of the church).

The PCC is responsible for the maintenance and repair of the church, the churchyard and for the movables in the church and aims to ensure a safe warm church for all to worship in.

Objectives and Activities:

Our objectives were to provide the following public benefits: -

Achievements and Performance Overview:

The return to worship following the pandemic continues to make progress. In some areas it is slower than others. We have had an alteration in our demographic and numbers as some members of our congregation have found more suitable services to attend. We have seen growth in our children's service and this is reflected in the number of baptism requests we have received. In December 2022, 15 of our young people were admitted to communion across both churches.

Worship saw a new service continue this year. Thursday evening “all Age.” Aimed at children and families. A well-attended and lively service. Jo Haslam (Children changing places) takes the lead on this. A monthly Eucharist is expected to be added to this pattern of worship in 2023.

3

THE PARISH OF CHRIST CHURCH, WALMSLEY WITH ST ANDREWS, BROMLEY CROSS

REPORT OF THE PCC YEAR ENDED 31 DECEMBER 2022

2022 continued with the Diocesan transformation plans. The move from 20 to 7 deaneries is now completed and 2022 focussed on establishing Mission Communities at a local level. These are established with the vision of:

In terms of vocation Angie Foster has continued to explore her vocation and is on a pathway to discerning a call to ordination. John Evans continues to work with us as a Reader (emeritus) leading worship alongside the rest of the clergy team. Dawn Hitchen was relicensed as ALM Pastoral in September 2022.

The relationship with the church school continued but with a different format and focus. We said farewell to School head Deb Carr and Rev Carol Hayden as they both retired. Gemma Gardiner moved on from the parish hall to take up a post with the Diocese.

This year we worked together as a Team in support of Christian Aid. Services were held across the team and a joint online giving portal was set up alongside the enevlopes provided by the charity.

We have welcomed new team members. Rev Hannah Lane is taking a lead on worship and has formed a Ministry Mission and Worship team who meet termly to review and plan for worship, mission and minstry in the parish. John Clayton has taken on the role of Hall Manager and continues to forge ahead with good work that Gemma Gardiner has started previously. Jo Atherton stepped into post as School Head from January 2023. Essentially we have 3 new members of key staff in post since the Autumn. This has generated some change and we are looking ahead to the future.

4

THE PARISH OF CHRIST CHURCH, WALMSLEY WITH ST ANDREWS, BROMLEY CROSS

REPORT OF THE PCC YEAR ENDED 31 DECEMBER 2022

We have faced challenges and change in 2022. The building continues to deteriorate, and it is costing more to repair. There are plans for a reorder at St Andrews. Whilst this is exciting, we must not and cannot let the building work get in the way of the very reason we exist. We are called to serve Christ in this part of Bolton. The world is changing, and we need to change too. As well as the building, we as individuals and as a community also need to be fit for mission. It will need real effort and commitment. As the saying goes, ‘the only way to make sense out of change is to plunge into it, move with it and join the dance.’ It will need people to step up to the challenge if we are to succeed. Thank everyone for their support and commitment to Walmsley Parish over the past 12 months in whatever way God has called you to serve.

6 INVESTMENT POLICY

The PCC has considered the most appropriate policy for investing funds and has found that deposit accounts held with the CBF Church of England Funds, meet their requirements.

7 REAPPOINTMENT OF INDEPENDENT EXAMINER A resolution will be proposed at the forthcoming APCM to reappoint the independent examiner,

8 STATEMENT AS TO DISCLOSURE OF INFORMATION TO INDEPENDENT EXAMINERS

So far as the members are aware, there is no relevant information of which the independent examiners are unaware, and each member has taken all the steps that he/she ought to have taken as a member in order to make him/herself aware of any relevant information and to establish that the Parish’s independent examiners are aware of that information.

9 RESERVES POLICY

It is the policy of the PCC to maintain minimum unrestricted funds, sufficient to cover approximately 12 months fund raising and administration costs.

10 RISK REVIEW

The PCC has conducted its own review of the major risks to which the charity is exposed and systems have been established to mitigate those risks.

11 FUNDS

The funds held by the PCC are detailed in note 9 to these accounts.

12 STATEMENT OF TRUSTEES’ RESPONSIBILITIES

Law applicable to charities in England and Wales/Scotland requires the trustees to prepare

5

THE PARISH OF CHRIST CHURCH, WALMSLEY WITH ST ANDREWS, BROMLEY CROSS

REPORT OF THE PCC YEAR ENDED 31 DECEMBER 2022

The trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity and which enable them to ensure that the financial statements comply with applicable regulations. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

APPROVED BY THE PCC AND SIGNED ON ITS BEHALF BY:

Rev Hannah Lane Hilary Dunn

6

THE PARISH OF CHRIST CHURCH, WALMSLEY WITH ST ANDREWS, BROMLEY CROSS

ACCOUNTING POLICIES YEAR ENDED 31 DECEMBER 2022

Basis of preparation

The PCC is a public benefit entity within the meaning of FRS 102. The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCs, and with the Regulations ‘true and fair view’ provisions, together with FRS 102 as the applicable accounting standards and the 2019 version of the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP 2019).

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 in law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are informal gatherings of Church members.

Funds

Unrestricted funds

These are general funds which can be used for PCC ordinary purposes and that are not subject to any restrictions regarding their use.

Restricted funds

These represent:

income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest; and

donations/grants received for a specific object for which they were given.

Endowment funds

These are funds, the capital of which must be maintained. Only income arising from the investment of the endowment may be used – this may be either restricted or unrestricted depending upon the purpose for which the endowment was established.

Incoming Resources

Voluntary income and capital sources

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 to the PCC are accounted for as soon as the PCC is notified of its legal entitlement and the amount due.

All other income is recognised when it is receivable

Income from investments

Dividends and interest are accounted for when receivable. Tax recoverable on such income is recognised in the same accounting year.

Rental income from the letting of church premises is recognised when the rental is due.

Gains and losses on investments

Realised gains or losses are recognised when investments are sold.

7

THE PARISH OF CHRIST CHURCH, WALMSLEY WITH ST ANDREWS, BROMLEY CROSS

ACCOUNTING POLICIES YEAR ENDED 31 DECEMBER 2022

Unrealised gains or losses are accounted for on revaluation of investments at 31 December each year.

Resources Expended

Grants

Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation of the PCC.

Activities directly relating to the work of the Church

The parish share or diocesan quota is accounted for when paid. Any parish share unpaid is not accrued at the year end, as no legal liability exists.

All other expenditure is recognised when the liability is incurred.

Fixed Assets

Consecrated land and buildings and moveable church furnishings

Consecrated and beneficed property is excluded from the accounts by s.259(c) of the Charities Act 2015.

Moveable church furnishings held by the churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property. No value is placed on these assets within the accounts.

All expenditure incurred during the year on consecrated or benefice buildings and moveable church furnishings, whether maintenance or improvement, is written off as expenditure on purchase.

Depreciation

No depreciation is provided on land, property and building alterations. It is the PCC’s practice to maintain these assets in a continual state of sound repair and to extend and make improvements thereto from time to time and, accordingly, the PCC consider that the lives of these assets are so long, and residual values are so high, that their depreciation is insignificant.

Other fixtures, fittings and office equipment

Equipment used within the church premises is depreciated on a straight line basis over 4 years. Individual items of equipment with a purchase price of less than £100 are written off when the asset is acquired.

Investments

Investments (other than property) are valued at market value as at 31 December.

Property is included at the latest official market valuation.

Current assets

Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectable.

Short-term deposits include cash held on deposit either with the CBF Church of England Funds or at the bank.

8

The Parish of Christ Church, Walmsley with St Andrews, Bromley Cross Statement of Financial Activities for the year ended 31 December 2022

Unrestricted
Designated
Restricted
Endowment
Totals
2022
£
£
£
£
£
INCOME AND ENDOWMENTS
Voluntary Income
Regular giving and donations
57,748
-
-
-
57,748
Gift aid tax recovered
12,250
-
-
-
12,250
Collections at Services
33,140
-
-
-
33,140
Other donations
2,552
1,582
4,686
-
8,820
Donations for major repairs
725
-
10,469
-
11,194
Legacies
2,000
-
-
-
2,000
108,415
1,582
15,155
-
125,152
Fundraising
Fundraising
484
-
-
-
484
Hall income
41,842
-
-
-
41,842
Other income
2,780
-
-
-
2,780
45,106
-
-
-
45,106
Income from investments
Rent
9,460
-
-
-
9,460
Dividends and interest
4,142
-
132
-
4,274
13,602
-
132
-
13,734
PCC fees / (charges)
350
-
-
-
350
Insurance claim received
10,002
-
-
-
10,002
10,352
-
-
-
10,352
TOTAL INCOME
177,475
1,582
15,287
-
194,344
Church activities
Parish share
12,250
-
-
-
12,250
Costs of clergy etc
-
-
-
-
-
Vicarage / Chetwyn Ave
-
-
-
-
-
Upkeep of services
4,320
-
-
-
4,320
Organist
2,615
-
-
-
2,615
Church heat,light & insurance
19,563
-
-
-
19,563
Church maintenance
14,283
-
-
-
14,283
Upkeep of churchyard
14,912
-
-
-
14,912
Magazine / bookstall
-
-
-
-
-
Parish Hall running costs
46,485
-
-
-
46,485
Mission costs
2,655
-
-
-
2,655
Other donations
-
1,612
-
-
1,612
Depreciation
382
-
-
-
382
Admin Expenses
3,234
-
-
-
3,234
Team expenses
1,500
-
-
-
1,500
Professional fees
-
-
4,893
-
4,893
Accountancy fees
3,320
-
-
-
3,320
125,519
1,612
4,893
-
132,024
Raising funds
Costs of events/fundraising
-
-
-
-
-
-
Major repair costs
Church major repairs
-
-
-
-
-
Hall major repairs
-
2,870
2,870
-
-
2,870
-
2,870
TOTAL EXPENDITURE
125,519
1,612
7,763
-
134,894
51,956
(30)
7,524
-
59,450
NET INCOME/(EXPENDITURE) BEFORE
OTHER RECOGNISED GAINS AND
LOSSES		 Totals
2021
£
49,990
4,760
12,433
1,644
5,217
16,272
90,316
-
36,056
4,425
40,481
9,118
4,312
13,430
(1,008)
-
(1,008)
143,219
17,645
446
1,564
3,928
2,670
12,262
6,997
17,201
-
35,833
1,240
-
381
7,733
1,500
260
4,620
114,280
-
-
9,879
14,740
24,619
138,899
4,320

9

The Parish of Christ Church, Walmsley with St Andrews, Bromley Cross Statement of Financial Activities for the year ended 31 December 2022

Unrestricted
Designated
Restricted
Endowment
Totals
2022
£
£
£
£
£
Transfers between funds
(30)
30
-
-
-
Profit/(Loss) on sale of property
-
Unrealised gains/(losses) on investments
(11,914)
(11,225)
(11,157)
(34,296)
(11,944)
30
(11,225)
(11,157)
(34,296)
NET MOVEMENT IN FUNDS
40,012
-
(3,701)
(11,157)
25,154
FUNDS BROUGHT FORWARD
107,896
4,527
426,725
95,956
635,104
FUNDS CARRIED FORWARD
147,908
4,527
423,024
84,799
660,258
ANALYSIS OF RESTRICTED FUNDS FOR THE YEAR ENDED 31 DECEMBER 2022
Legacy
Fund
St Andrews
Building Fund
Christ
Church
Maintenance
fund
Piano Fund
Graveyard
fund
Parish Hall
toilets fund
£
£
£
£
£
£
INCOME AND ENDOWMENTS
Voluntary Income
Other donations
-
4,686
-
-
-
-
Donations for major repairs
10,469
Income from investments
Dividends and interest
-
132
-
-
-
-
-
4,818
-
-
-
10,469
EXPENDITURE
Church activities
Professional fees
-
4,893
-
-
-
-
Hall major repairs
-
-
2,870
-
-
-
-
4,893
2,870
-
-
-
-
(75)
(2,870)
-
-
10,469
(11,225)
-
-
-
-
-
FUNDS BROUGHT FORWARD
136,826
268,003
18,555
2,341
1,000
-
FUNDS CARRIED FORWARD
125,601
267,928
15,685
2,341
1,000
10,469
NET INCOME /
EXPENDITURE
Unrealised gains / (losses) on
investments		 Totals
2021
£
-
-
46,169
46,169
50,489
584,615
635,104
Total
Restricted
Funds
£
4,686
10,469
132
15,287
4,893
2,870
7,763
7,524
(11,225)
426,725
423,024

10

The Parish of Christ Church, Walmsley with St Andrews, Bromley Cross Statement of Financial Activities for the year ended 31 December 2022

Unrestricted
Designated
Restricted
Endowment
Totals
2022
£
£
£
£
£
ANALYSIS OF DESIGNATED FUNDS FOR THE YEAR ENDED 31 DECEMBER 2022
Church
Maintenanc
e
Re-decorating
fund
Hymn Book
Fund
Girdlers
Trust
Digital
Grant
Collected for
donation
£
£
£
£
£
£
INCOME AND ENDOWMENTS
Voluntary Income
Other donations
-
-
-
-
-
1,582
EXPENDITURE
Church activities
Other donations
-
-
-
-
-
1,612
-
-
-
-
-
(30)
-
-
-
-
-
30
FUNDS BROUGHT FORWARD
173
1,360
551
1,350
1,093
-
FUNDS CARRIED FORWARD
173
1,360
551
1,350
1,093
-
NET INCOME /
EXPENDITURE
Transfers from unrestricted
funds		 Totals
2021
£
Total
Designated
funds
£
1,582
-
-
-
1,612
-
(30)
30
4,527
4,527

11

The Parish of Christ Church, Walmsley with St Andrews, Bromley Cross Registered charity number: 1165756 Balance Sheet as at 31 December 2022

Notes
Fixed assets
Tangible assets
4
Investments
5
Current assets
Stocks
Debtors
6
Cash at bank and in hand
Creditors: amounts falling due
within one year
7
Net current assets
Total assets less current
liabilities
Net assets
Funds
8
Unrestricted funds
Designated funds
Restricted funds
Endowment funds
Shareholders' funds		 2022
£
214
299,211
299,425
-
871
364,562
365,433
(4,600)
360,833
660,258
660,258
147,908
4,527
423,024
84,799
660,258		 2021
£
596
333,508
334,104
-
871
314,881
315,752
(14,752)
301,000
635,104
635,104
107,896
4,527
426,725
95,956
635,104

Approved by the Parochial Church council on and signed on it's behalf by:

Rev Hannah Lane

Hilary Dunn

12

The Parish of Christ Church, Walmsley with St Andrews, Bromley Cross Notes to the Accounts for the year ended 31 December 2022

1 Diocesan Parish Share

The total paid towards the diocesan parish share during the year amounted to £12,250 (2021: £17,645) towards an amount assessed by the Diocese of £75,000 (2020: £71.500) – a contribution of 16.33% of the assessed total.

The payment of £12,250 includes £12,250 Gift Aid collected and retained by the Diocese that went towards the Parish Share.

2 Major repairs

A slight distinction is drawn between normal ongoing repairs expenditure and more costly usually larger repair projects or costs. The majority of these are planned but due to the nature of the Parish property some are unforeseen

Expenditure shown as major repairs during the year was:

Walmsley
Parish Hall Retention fees
Parish Hall work
Various church repairs
St Andrews
No major repairs
3
Employees
Wages and salaries
Average number of persons employed by the company		 2022
£
-
2,870
-
0
2,870
2022
£
-
-		 2021
£
14,740
-
9,879
0
24,619
2021
£
-
-
Cost
At 1 January 2022
Additions
Surplus on revaluation
Disposals
At 31 December 2022
Depreciation
At 1 January 2022
Charge for the year
Surplus on revaluation
On disposals
At 31 December 2022
Net book value
At 31 December 2022
At 31 December 2021		 Equipment
£
10,818
-
-
-
10,818
10,222
382
-
-
10,604
214
596		 Furniture &
Fixtures
£
8,770
-
-
-
8,770
8,770
-
-
-
8,770
-
-		 Total
£
19,588
-
-
-
19,588
18,992
382
-
-
19,374
214
596

13

The Parish of Christ Church, Walmsley with St Andrews, Bromley Cross Notes to the Accounts for the year ended 31 December 2022

5
Investments
Market value at 1 January 2022
Additions
Disposal proceeds
Net investment gains / (losses)
At 31 December 2022
Historical cost
Historical cost - original
Historical cost - disposal
Christ Church, Walmsley
Futures
CBF FI
CBF Inv
Capital
4% Cons
3.5% War
St Andrews
CBF FI
6
Debtors
Other debtors
7
Creditors: amounts falling due within one year
Other creditors
Investments at market value comprised:		 2022
£
333,508
-
(34,297)
299,211
99,053
-
2022
£
172,624
2,934
81,098
15,284
567
200
26,505
299,212
2022
£
871
871
2022
£
4,600
4,600		 2021
£
287,339
-
46,169
333,508
99,053
-
2021
£
190,187
3,325
91,864
17,324
567
200
30,041
333,508
2021
£
871
871
2021
£
14,752
14,752

8 Analysis of net assets by funds


Fixed Assets
Investments
Current Assets
Current liabilities		 Unrestricted
funds
£
74
104,085
48,211
(4,600)
147,770		 Designated
funds
£
140
4,527
4,667		 Restricted
Funds
£
-
110,329
312,695
-
423,024		 Endowment
£
-
84,799
-
-
84,799		 Total
£
214
299,213
365,433
(4,600)
660,260

14

The Parish of Christ Church, Walmsley with St Andrews, Bromley Cross Notes to the Accounts for the year ended 31 December 2022

9 Controlling party

The Parish was under the control of the Parochial Church Council throughout the period under review.

15

The Parish of Christ Church, Walmsley with St Andrews, Bromley Cross Analysis of Movements in Funds in the year for the year ended 31 December 2022

Income
Expenses
Realised / Unrealised gains / (losses)
from investments
Total comprehensive income for the
financial year
Funds at start of year
Transfers
Available for use at close		 £
177,475
(125,519)
(11,914)
40,042
107,896
(30)
-
147,908
Unrestric
ted		 £
1,582
(1,612)
-
(30)
4,527
30
4,527
Designat
ed		 £
15,287
(7,763)
(11,225)
(3,701)
426,725
-
423,024
Restricte
d		 £
-
-
(11,157)
(11,157)
95,956
-
84,799
Endowm
ent		 Balance
sheet
total
2022
£
194,344
(134,894)
(34,296)
25,154
635,104
-
-
660,258		 Balance
sheet total
2021
£
143,219
(138,899)
46,169
50,489
584,615
-
-
635,104

The breakdown of the Restricted and Designated Funds in included in the Statement of Financial Activities

16