# **THE ECCLESIASTICAL PARISH OF FRESHFORD WITH LIMPLEY STOKE AND HINTON CHARTERHOUSE**
## **FINANCIAL STATEMENTS**
**31 DECEMBER 2022**
**Charity Number 1170099**
**THE ECCLESIASTICAL PARISH OF FRESHFORD WITH LIMPLEY STOKE AND HINTON CHARTERHOUSE**
## **FINANCIAL STATEMENTS**
## **YEAR ENDED 31 DECEMBER 2022**
|**Contents**|**Pages**|
|---|---|
|Reference & Administrative Information|1|
|Report of the Trustees|2 - 5|
|Independent Examiner’s Report|6|
|Statement of Financial Activities|7|
|Balance Sheet|8|
|Notes forming part of the financial statements|9 - 16|
**THE ECCLESIASTICAL PARISH OF FRESHFORD WITH LIMPLEY STOKE AND HINTON CHARTERHOUSE**
## **REFERENCE & ADMINISTRATIVE INFORMATION**
## **YEAR ENDED 31 DECEMBER 2022**
## **Trustees**
Revd Michael Taylor Steve Ashcroft John Banks - Secretary Roland Birchby Malcolm Chatwin - Treasurer Margaret Dodge Karen Grattage Pauline Hutchinson (appointed 1 May 2022) Richard Hutchinson (appointed 1 May 2022) Penny Murray Roger Paine Trevor Quartermaine David Sibley (resigned 1 May 2022) Pam Southam (resigned 1 May 2022) Kathy Tucker Liz Wordsworth
## **Parish Office**
The Old Bakery High Street Freshford Bath BA2 7WF
## **Independent Examiner**
Joshua Kingston BSc ACA Burton Sweet Limited Chartered Accountants The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1UR
1
**THE ECCLESIASTICAL PARISH OF FRESHFORD WITH LIMPLEY STOKE AND HINTON CHARTERHOUSE**
## **TRUSTEES’ REPORT**
## **YEAR ENDED 31 DECEMBER 2022**
## **Strategic Vision**
Our vision is to find a model of rural ministry that makes disciples and grows the church in today’s society.
## **Objectives and activities**
The chief objective of the PCC is the development and growth of the Christian faith in the villages of Freshford, Limpley Stoke and Hinton Charterhouse. This is achieved by services at our three Parish Churches and wider mission in the communities. The PCC also maintains and develops its three church buildings and The Old Bakery (church rooms) for the benefit of its church members and the wider community.
## **Achievements and performance**
Following the Covid pandemic our church has continued to recover what has been lost or missed and are pleased to report that, though a couple of members died (not of Covid), our numbers stayed roughly the same and all have returned to church who stopped for fear of the pandemic.
We have developed a new pattern of worship services, which means that each Sunday morning there is a main parish service, though during 2022 we continued with the third Sunday morning being a Fresh Expression which we called Family Focus. On each 5th Sunday we hold a Café church, held in the Bakery.
From March 2022 we vacated St Peter’s Church in Freshford to make way for the refurbishment that was mainly financed through the kind donation of funds from a local charity. The refurbishment has lasted more than six months longer than expected and to date we are still not back in church. We are most fortunate that with the Bakery as a parish asset and being in the village of Freshford, we have been able to hold all services normally held in St Peter’s in the Bakery. Having not been able to hold both Easter and indeed Christmas services in St Peter’s has been a real blow and we are firmly hoping for a return for Easter day 2023.
## **Financial Review**
In previous years, the PCC has prepared receipts and payments accounts, as income was below £250,000. However, this year, the PCC received grants of over £320,000 towards St Peter’s reordering project, meaning that this year the limit has been exceeded, and the PCC has to prepare accounts prepared on an accruals basis.
Income for 2022 is £400,809, and expenditure £301,758, including the reordering project expenditure of £240,663.
Unfortunately the investments held by the Parish and the Diocese for St Mary’s Church reduced in value by £7,918.
## **Reserves**
The Trustees’ policy is to ensure that as far as possible, income should at least cover day to day operating costs on an ongoing basis. It is recognised however that it may be necessary,
2
**THE ECCLESIASTICAL PARISH OF FRESHFORD WITH LIMPLEY STOKE AND HINTON CHARTERHOUSE**
## **TRUSTEES’ REPORT**
## **YEAR ENDED 31 DECEMBER 2022**
in pursuit of our vision, objects and activities, to draw down reserves from time to time to enable us to maintain adequately and improve the facilities in our three church buildings and The Old Bakery, all of which are listed. The Trustees consider that reserves should be maintained in excess of 50% of annual expenditure so that emergency funding of essential building repairs can be carried out and all normal expenditure can be met. As at the 31st December 2022 free reserves amounted to £59,793 (£53,814 in 2021) which represented 195% of total annual expenditure excluding the reordering costs. The PCC are happy to continue with reserves at this level, to assist with any overrun on the reordering project.
## **Governing document**
The Parochial Church Council (PCC) of the Ecclesiastical Parish of Freshford, Limpley Stoke and Hinton Charterhouse became Registered Charity Number 1170099 in November 2016 as its annual income was likely to exceed £100,000. It was previously recognised by the Charity Commission as a Charity but since its gross annual income had not then exceeded £100,000 it was previously 'excepted' from registration.
All members of the PCC are Trustees of the 'Trust' - that is the PCC - and the whole has body corporate status.
## **Recruitment and appointment of new Trustees**
In accordance with the Church Representation Rules, Trustees are nominated for election by Church Members and additionally in the case of Churchwardens by those having a residential qualification. They are elected at the Annual Parochial Church Meeting (APCM) and serve until the completion of the succeeding APCM. Legislation rules that the Minister of the Parish is Chairman of the PCC.
## **Organisational structure**
The Trustees normally meet regularly and determine overall policy and approve applications for Faculties and major capital expenditure. The day-to-day operations of our three churches is delegated to the Churchwardens who have worked hard in very difficult circumstances to do what we can within government regulations and guidance from the Diocese. We have however taken care to ensure that key items such as finance, employment, risk management, health and safety and safeguarding of children and the vulnerable have been properly covered.
## **Risk Assessment**
The Trustees are conscious of their legal obligations to maintain the places of worship, buildings, churchyards, curtilages and other property for which they have responsibility and to conduct their operations and activities in such manner as satisfies current Health and Safety and other legislation. Specifically this extends to arranging that prescribed routine inspections of the fabric of the buildings, electrical installations, fire fighting appliances, gas fired appliances and accessibility audits are carried out by appropriately qualified professional bodies. Also included is a review of our safeguarding procedures in relation to children and
3
**THE ECCLESIASTICAL PARISH OF FRESHFORD WITH LIMPLEY STOKE AND HINTON CHARTERHOUSE**
## **TRUSTEES’ REPORT**
## **YEAR ENDED 31 DECEMBER 2022**
vulnerable persons. A programme of health and safety audits has been implemented to assure the Trustees that all material risks have been addressed and that all practical steps have been taken to minimise the effects of those risks. In particular during the pandemic each activity has been the subject of a risk assessment.
## **Safeguarding**
Our policies and practices remain in line with advice from the Diocese of Bath and Wells Safeguarding Adviser.
## **Impairment Review of Fixed Assets**
As Managing Trustees of the three parish churches and The Old Bakery, the PCC is confident that its operational potential would not suffer significant impairment were one of the three churches to become unavailable in the short term. Permanent loss of one church or temporary loss of more than one church together with temporary or permanent loss of The Old Bakery would require fundamental change of strategy and re-deployment of resources.
The Trustees are confident that adequate levels of insurance are carried for the parish churches, their contents and The Old Bakery.
## **Future plans**
Our aim is to provide rural ministry that connects with as many people in our three communities as possible by offering some diversity in our approach to worship with informal, more structured, family focussed, and café style worship included in our mix. The Rector and members of the church also play an active part in working alongside the local Church primary school in Freshford.
4
**THE ECCLESIASTICAL PARISH OF FRESHFORD WITH LIMPLEY STOKE AND HINTON CHARTERHOUSE**
## **TRUSTEES’ REPORT**
## **YEAR ENDED 31 DECEMBER 2022**
## **Statement of Trustees’ responsibilities**
The Trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed/constitution. 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.
Apr 17 2023
Approved by the Trustees on ……………………
Signed by order of the Trustees
…………………………….. Rev Michael Taylor, Rector and Chair of Trustees
5
**THE ECCLESIASTICAL PARISH OF FRESHFORD WITH LIMPLEY STOKE AND HINTON CHARTERHOUSE**
## **INDEPENDENT EXAMINER’S REPORT YEAR ENDED 31 DECEMBER 2022**
## **Independent examiner’s report to the trustees of PCC of the Parish of Freshford and Limpley Stoke with Hinton Charterhouse**
I report to the trustees on my examination of the accounts of PCC of the Parish of Freshford and Limpley Stoke with Hinton Charterhouse (the Charity) for the year ended 31 December 2022.
## **Responsibilities and basis of report**
As the charity trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Joshua Kingston BSc ACA Burton Sweet Limited, Chartered Accountants The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Apr 17 2023 Bristol BS48 1UR Date: …………………………..
6
**THE ECCLESIASTICAL PARISH OF FRESHFORD WITH LIMPLEY STOKE AND HINTON CHARTERHOUSE**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **YEAR ENDED 31 DECEMBER 2022**
|**Note**
**Income from:**
Donations and legacies
**2**
Charitable activities
**3**
Other trading activities
**4**
Investments
Other
**Total income**
**Expenditure on:**
Charitable activities
**5**
**Total expenditure**
**(Losses)/Gains on investments**
**Net income/(expenditure)**
**Transfers between funds**
**11**
**Net movement in funds**
**Total funds at start of year**
**Total funds at end of year**|**Unrestricted**
**Funds**
**£**
57,260
4,536
1,082
1,900
772|**Restricted**
**Funds**
**£**
333,315
-
-
72
1,872|**Total Funds**
**2022**
**£**
390,575
4,536
1,082
1,972
2,644|Total Funds
2021
£
87,003
6,891
425
1,277
200|
|---|---|---|---|---|
||65,550|335,259|400,809|95,796|
||61,095|240,663|301,758|64,849|
||61,095|240,663|301,758|64,849|
||(1,677)|(6,241)|(7,918)|5,333|
||2,778
(4,717)
(1,939)
122,224|88,355
4,717
93,072
91,901|91,133
-
91,133
214,125|36,280
-
36,280
177,845|
||120,285|184,973|305,258|214,125|
The Charity has no recognised gains or losses other than the results for the year as set out above.
All of the activities of the charity are classed as continuing.
**The notes on pages 9 to 16 form part of these financial statements See note 7 for fund-accounting comparative figures**
7
**THE ECCLESIASTICAL PARISH OF FRESHFORD WITH LIMPLEY STOKE AND HINTON CHARTERHOUSE**
## **BALANCE SHEET**
## **AS AT 31 DECEMBER 2022**
|**Note**
**Fixed assets**
Investments
**8**
**Current assets**
Cash at bank and in hand
**Liabilities**
Creditors : amounts falling
due within one year
**9**
**Net current assets**
**Total assets less current liabilities**
**Net current assets**
**FUNDS**
**Unrestricted funds**
General funds
**12**
**Restricted funds**
**12**
**Total funds**|**2022**
**£**
60,492
246,696
246,696
(1,930)
244,766
305,258
305,258
120,285
184,973
305,258|2021
£
68,410
145,715|
|---|---|---|
|||145,715
-|
|||145,715|
|||214,125|
|||214,125|
|||122,224
91,901|
|||214,125|
Apr 17 2023
These financial statements were approved by the Trustees on ....................... and are signed on their behalf by:
Rev Michael Taylor Rector and Chair of Trustees
**The notes on pages 9 to 16 form part of these financial statements**
8
**THE ECCLESIASTICAL PARISH OF FRESHFORD WITH LIMPLEY STOKE AND HINTON CHARTERHOUSE**
**NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 DECEMBER 2022**
## **1 Accounting policies**
## **Accounting convention**
The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019.
The accounts have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The charity is a public benefit entity as defined under FRS102. The Trustees consider that there are no material uncertainties affecting the ability of the charity to continue as a going concern.
## **Income**
Income from donations is included in income when these are receivable, except as follows:
I. When donors specify that donations given to the charity must be used in future accounting periods, the income is deferred until those periods;
II. When donors impose conditions which have to be fulfilled before the charity becomes entitled to use such income, the income is deferred until the pre-conditions have been met.
Legacies are included on a receivable basis where charity is entitled to the income, it can be measured reliably and receipt is probable. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is not included in income but is treated as a contingent asset and disclosed if material.
Investment income is included on a receivable basis.
Donations in kind comprise donated services where the costs are measurable and the services would otherwise have to be paid for to maintain operational effectiveness.
## **Expenditure**
Expenditure is recognised in the period in which it is incurred. Expenditure includes attributable VAT which cannot be recovered.
## _**Raising funds**_
Raising funds expenditure include those costs incurred in seeking voluntary contributions, costs of goods sold and other costs which include the costs of running and participating in fundraising events and collections and cost of goods purchased for resale.
9
**THE ECCLESIASTICAL PARISH OF FRESHFORD WITH LIMPLEY STOKE AND HINTON CHARTERHOUSE**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 DECEMBER 2022**
## **1 Accounting policies** _**(continued)**_
## _**Charitable Activities**_
Grants awarded are allocated to charitable activities.
Grants awarded are treated as expenditure and a liability in the accounts as soon as they become legal or constructive obligations. In the case of multi-year grant awards, the funding for all years is immediately recognised unless there are conditions which need to be met by the recipient to enable the release of subsequent years’ funding.
## _**Governance costs**_
Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity. Governance costs are included within support costs.
## _**Allocation and apportionment costs**_
Certain expenditure is directly attributable to specific activities and this has been included in those cost categories. Other costs, which are attributable to more than one category, are apportioned across cost categories on the basis of an assessment of workload carried out from time to time.
## **Pension costs and other post-retirement benefits**
The charity contributes to defined contribution pension schemes. Contributions payable to the charity's pension schemes are charged to the Statement of Financial Activities in the period to which they relate.
## **Fixed asset investments**
Investments are included at market value at 31 December. The SOFA includes the net gains and losses arising on revaluations and disposals during the year.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objects at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Designated funds form part of unrestricted funds and have been identified as being for particular purposes by the Trustees. They are not restricted and can be transferred to general funds at any time at the discretion of the Trustees.
Further explanation of the nature and purpose of each fund is included in note of the financial statements.
10
## **THE ECCLESIASTICAL PARISH OF FRESHFORD WITH LIMPLEY STOKE AND HINTON CHARTERHOUSE**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 DECEMBER 2022**
## **2 Income from: Donations and legacies**
|**Current year**
Planned giving
Collections, donations and other giving
Income tax recovered
Grants received
**Prior year**
Planned giving
Collections, donations and other giving
Income tax recovered
Grants received
Legacies received|**Unrestricted**
**Funds**
**£**
38,207
7,554
9,502
1,997|**Restricted**
**Funds**
**£**
2,836
287
192
330,000|**Total Funds**
**2022**
**£**
41,043
7,841
9,694
331,997|
|---|---|---|---|
||57,260|333,315|390,575|
||**Unrestricted**
**Funds**
**£**
38,180
8,713
9,494
971
1,000|**Restricted**
**Funds**
**£**
2,973
757
415
15,000
9,500|**Total Funds**
**2021**
**£**
41,153
9,470
9,909
15,971
10,500|
||58,358|28,645|87,003|
## **3 Income from: Charitable activities**
|**Income from: Charitable activities**|||||
|---|---|---|---|---|
|Parochial fees
Magazine sales|**Unrestricted**
**Funds**
**£**
4,536
-|**Restricted**
**Funds**
**£**
-
-|**Total Funds**
**2022**
**£**
4,536
-|Total Funds
2021
£
5,485
1,406|
||4,536|-|4,536|6,891|
All income received for charitable activities in the prior year was unrestricted.
## **4 Income from: Other trading activities**
|**Income from: Other trading activities**|||||
|---|---|---|---|---|
|Hall lettings|**Unrestricted**
**Funds**
**£**
1,082|**Restricted**
**Funds**
**£**
-|**Total Funds**
**2022**
**£**
1,082|Total Funds
2021
£
425|
||1,082|-|1,082|425|
All income received for other trading activities in the prior year was unrestricted.
11
**THE ECCLESIASTICAL PARISH OF FRESHFORD WITH LIMPLEY STOKE AND HINTON CHARTERHOUSE**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 DECEMBER 2022**
## **5 Expenditure on: Charitable activities**
|_Direct costs_
Donations to charities
Mission and evangelism
Parish share
Ministry costs
Church building maintenance
Heat, light and rates
Insurance
Churchyard maintenance
St Peter's Freshford reordering project
Parish magazine
_Support costs_
Administration costs
Sundry
_Governance_
Independent Examiner's fee:
Accounts preparation
Independent examination|**Total Funds**
**2022**
**£**
810
881
33,489
3,598
1,678
5,210
3,768
2,957
240,663
-
5,941
833
1,150
780|Total Funds
2021
£
413
751
32,001
3,211
3,694
4,996
3,352
2,190
2,317
3,301
6,871
1,752
-
-|
|---|---|---|
||301,758|64,849|
## **6 Taxation**
The charity is exempt from corporation tax on its charitable activities.
12
**THE ECCLESIASTICAL PARISH OF FRESHFORD WITH LIMPLEY STOKE AND HINTON CHARTERHOUSE**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 DECEMBER 2022**
|**7**
**Statement of Financial Activities comparative figures**
**For the year ended 31 December 2021**
**Income from:**
Donations and legacies
Charitable activities
Other trading activities
Investments
Other
**Total income**
**Expenditure on:**
Charitable activities
**Total expenditure**
**Gains on investments**
**Net income/(expenditure)**
**Net movement in funds**
**Total funds at start of year**
**Total funds at end of year**|**Unrestricted**
**Funds**
**£**
58,358
5,485
1,831
1,274
200|**Restricted**
**Funds**
**£**
28,645
-
-
3
-|**Total Funds**
**2021**
**£**
87,003
5,485
1,831
1,277
200|
|---|---|---|---|
||67,148|28,648|95,796|
||62,446|2,403|64,849|
||62,446|2,403|64,849|
||3,534|1,799|5,333|
||8,236
8,236
113,988|28,044
28,044
63,857|36,280
36,280
177,845|
||122,224|91,901|214,125|
## **8 Investments**
|Balance brought forward
(Loss)/Gain for year
Balance carried forward|**2022**
**£**
68,410
(7,918)|**2021**
£
63,077
5,333|
|---|---|---|
||60,492|68,410|
13
**THE ECCLESIASTICAL PARISH OF FRESHFORD WITH LIMPLEY STOKE AND HINTON CHARTERHOUSE**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 DECEMBER 2022**
## **9 Creditors: amounts falling due within one year**
|Accruals and deferred income|**2022**
**£**
1,930|2021
£
-|
|---|---|---|
||1,930|-|
## **10 Contingent liabilities**
The parish is currently undergoing a reordering scheme of one of its churches to make it more useable for parish and community activities. At December 31 2022, the PCC estimate that a further £147,773 is payable after the work is complete, in early 2023.
## **11 Movement in funds**
## **For the year ended 31 December 2022**
|**Restricted funds**
Freshford Church
Limpley Stoke Church
Hinton Charterhouse Church
Disabled Access Appeal
PCC General Fund
**Unrestricted funds**
PCC General Fund
Old Bakery
Freshford Church
Limpley Stoke Church
Hinton Charterhouse Church
**Total funds**|**At 1 Jan**
**2022**
**£**
96
45,799
10,650
35,189
167|**Income**
**£**
-
1,120
2,267
331,872
-|**Expenditure**
**£**
-
-
-
(240,663)
-|**£**
-
(1,677)
320
-
(167)
**Transfers**
**and gains**|**At 31 Dec**
**2022**
**£**
96
45,242
13,237
126,398
-|
|---|---|---|---|---|---|
||91,901|335,259|(240,663)|(1,524)|184,973|
||3,444
(1,044)
55,364
46,107
18,353|18,642
495
22,867
12,772
10,774|(49,394)
(1,732)
(2,397)
(4,483)
(3,089)|32,793
-
(12,992)
(15,951)
(10,244)|5,485
(2,281)
62,842
38,445
15,794|
||122,224|65,550|(61,095)|(6,394)|120,285|
|||||||
||214,125|400,809|(301,758)|(7,918)|305,258|
14
**THE ECCLESIASTICAL PARISH OF FRESHFORD WITH LIMPLEY STOKE AND HINTON CHARTERHOUSE**
**NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 DECEMBER 2022**
## **11 Movement in funds** _**(continued)**_
## **Restricted funds**
The three church restricted funds and PCC General fund include funds received for maintenance and repairs for each of the individual churches.
The Disabled Access Appeal includes funds received for the reordering project at St Peter's Church, Freshford.
## **Unrestricted funds**
The Unrestricted funds of the charity are for the general running expenses of the parish. They have historically been separated for each church so members can see the income and expenditure relating to each church and the Old Bakery which houses the Parish Office.
The PCC general fund receives income from the individual church funds to cover centralised costs such as Parish Share.
## **For the year ended 31 December 2021**
|**Restricted funds**
Freshford Church
Limpley Stoke Church
Hinton Charterhouse Church
Disabled Access Appeal
PCC General Fund
**Unrestricted funds**
PCC general fund
Old Bakery
Freshford Church
Limpley Stoke Church
Hinton Charterhouse Church
**Total funds**|**At 1 Jan**
**2021**
**£**
835
33,260
9,573
20,189
-|**Income**
**£**
-
10,740
2,741
15,000
167|**Expenditure**
**£**
(739)
-
(1,664)
-
-|**£**
-
1,799
-
-
-
**Transfers**
**and gains**|**At 31 Dec**
**2021**
**£**
96
45,799
10,650
35,189
167|
|---|---|---|---|---|---|
||63,857|28,648|(2,403)|1,799|91,901|
||2,751
-
49,284
42,730
19,223|14,740
575
24,296
14,339
13,198|(48,901)
(1,619)
(3,890)
(4,994)
(3,042)|34,854
-
(14,326)
(5,968)
(11,026)|3,444
(1,044)
55,364
46,107
18,353|
||113,988|67,148|(62,446)|3,534|122,224|
|||||||
||177,845|95,796|(64,849)|5,333|214,125|
15
**THE ECCLESIASTICAL PARISH OF FRESHFORD WITH LIMPLEY STOKE AND HINTON CHARTERHOUSE**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 DECEMBER 2022**
## **12 Analysis of net assets between funds**
|**As at 31 December 2022**
Investments
Other net assets
**As at 31 December 2021**
Investments
Other net assets|**Restricted**
**Funds**
**£**
-
184,973|**Unrestricted**
**General**
**Funds**
**£**
60,492
59,793|**Total**
**£**
60,492
244,766|
|---|---|---|---|
||184,973|120,285|305,258|
||**Restricted**
**Funds**
**£**
-
91,901|**Unrestricted**
**General**
**Funds**
**£**
68,410
53,814|**Total**
**£**
68,410
145,715|
||91,901|122,224|214,125|
## **13 Related party transactions**
During the year, three trustees received honoraria for playing the organ for church services and attending at weddings and funerals. Roger Paine received £745 (2021: £740), David Sibley received £595 (2021: £300) and Kathy Tucker received £45 (2021: £270).
Donations of £7,690 (2021:£7,300) were received from trustees and close family members.
There are no transactions with trustees or other related parties other than those disclosed as required by the SORP elsewhere in the financial statements.
16