COLESHILL PAROCHIAL CHURCH COUNCIL CONTENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Page Report of the Par(Khial Church cour11 Independent Examinerfs ReFQrt Statement of Financial Acti¥S Balance Sheet Notes to the Accounts
COLESHILL PAROCHIAL CHURCH COUNCIL ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 Administrative Inforniation Sl Peter & St Paul's Church is srtuated in Coleshill. 11 part of the Diocese of Bimiingham within the Church ol England. The CorresFdence adress is the varage. Hh str1, Cokshill, B46 3BP. The PCC is a charity that registrabon yth the Charity Commission in January 2017 During Ihe year the folk)wing seNed as members of the PCC.. Ex officio Incumben vacant Elected members Mrs Kit BraMY Mrs Denise Davies Mrs AngeEa Dawes l retrry1 Mrs Nanette Gallai Mrs R&hel Glaser Mrs Clarie Hudson Mrs Abbie Jeys Mrs Julie Murphy l Treasurer} Mrs Kath Tarver Mrs Nanette Walker Churchward ns Mr Gert Bakker Mrs Deborah Leary Deane Mrs Liz Maxwell Mrs Juliet Bakker l Lay Reader) sentatNes Struclure, Governance and Management Members of the PCC are either ex officio or e*ted by the Annual Parochial Church Meeting IAPCMI in accordance with the Church Representation Rules. All Church attendees are encouraged lo register on the Electoral Roll and stand for electKsn at the PCC. Objectives and Activities The PCC has the responsibilty for co-operab.ng the incumbent in promoting the whole pastoral, evangelisknc, social and ecumenical mission of the church in the ecclesiasb.cal parish. It is also responsible for the maintenance of the church. Achievements and Perforniance There are currently 103 parishioners on the Church Electoral Roll. Review of the Year During the year the unffjstn.cted funds of the PCC decreased by £7272 and the restricted funds increased by £3086 Reserves Reserves at 31 December 2022 totslled £92,045. These comprise unrestn.cted funds of £65.298 and restricted funds - primanly to cover the re-ordering and restoration project and youth education pro1ts- of£ 26.747. Pa9e 1
COLESHILL PAROCHIAL CHURCH COUNCIL ANNUAL REPORT FOR THE YEAR ENDED 31 DECEAIBER 2022 Risk Management The members of the PCC confirm thal they have carried OLrt a risk management review and contsnue to monitor major risks to which the chanty may become exposed. Public Benefit The trustees of the charity are awa of the Charity Commission's guidance on public benefit in The Advance of Relwion for the Public Benefit and have had regard to rt in their administration of the charity. The trustees believe that, by promoting the of the Church of England in the Ecclesiastical Parish of Coleshill, the PCC helps lo promote the whole missKTrn of the Church (pastoral. evangelistic, s(Kial and ecumenicall more effectively, wrthin the Ecclesiastul Parish and that. in doing so, it provides a benefit to the public by'.- Providing facilib.es for public worship. pastoral care and spiritual. moral and intellectual evelopment. tKJth for rts members and for anyone who wishes to benefft from what the Church offers.. Promoting Christsan values and servKe by membefs of the Church in and to their communitses, to the benefit of individuals and society as a whole. Parochial Church Council responsibilities The members of the PCC acknowledge Iheir reswnslbil"eS for=. lal Ensuring that the PCC keeps accounting records whh compty wrth the Charib'es Act 2011 and the Church Accounting Regulations 2006", Ib} Preparing accounts whh give a true and fair view of the state of affairs of the PCC as at the end of each financial year and its financial activities for each year in accordance with the requiremer¢ts of the Chanlies Act 2011 relating to financial statements so far as applicable tr) the PCC. This report was approved by the members of the PCC on 23rd April 2023 and signed on their behalf by". Treasurer Church Warden Page 2
INDEPENDEMf EXAMINER% REPORT TO THE MEMBERS OF COLESHILL PAROCHIAL CHURCH COUNCIL I IEtxyt ajxwnts ofthe 0ritY for Ye 31 Dnto 2022 1th tre set ( 4tolO. Respective Responsibilities of Trusta•s and Indèpendent Examinor As tftS of the dlity, the merrt)ers of the PCC are resp)ble for the FKeparation of the ac£ounts. They consider that an audrt is not required for this year under sect#)n 14412) of the Chaiities Act 2011 (the 2011 Act) and that an irmlepfjent exanallOn is needed. ft is my responsM)lity to: examine the accwnts urKlw 145 of 2011 P¢. Commiss¥M under 5tIJn 145(5Xb) rA the 2011 P¢ a1 My examination was catTi8J (Mrt in a0rda2 with ttE gi ty the (hirity any unusual iiems d1thS in the acLwnts a] seekvJ from as trustees 3 ve and frdir vivk aTrd the repNt is limited to those matt&s set wt in strtemt below. Independent Examin•rfs Statèment . to keep accountiTrJ in wfth 130 ( 2011 Act: aNI aCnting uirements L the 2011 ve not meL' ( Binningtrkim Dale: 241h March 2023
COLESHILL PAROCHIAL CHURCH COUNCIL STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022 Nots Unrestricted Restricted Total 2022 funds funds Totrl 2021 Income Donations and legacies Activities for generating funds Fundrai51ng Income from inve3trnents Charitable activities Fees 37.143 9.244 46.387 74,152 3.166 3.145 3.166 3,152 2,523 2,960 11. 10,220 Total inc¢)me 55.022 9.251 64.273 89,855 Expenditure Church acts"vities 52,977 54.811 89,979 Totsl expenditure 52,97T 1.834 54.811 89.979 Net incomel lexp8nditurel 2.045 7.417 9,462 1124} Unreallsed Net gainslllossesl on invesknents 113.648) 113,6481 14,640 Transfer beh¥een reserves 4.331 {4.3311 Nèt movement in funds (1.272) 14,1661 14.516 BalanGes brought forvrdrd at 1 January 2022 72.570 23.661 96.231 81.713 Balances carried forward at 31 December 2022 65,298 26.747 92.045 .229 The rleS on pages 6 to 10 fomi part of these accryJnts
COLESHILL PAROCHIAL CHURCH COUNCIL BALANCE SHEET AS AT 31 DECEMBER 2022 2022 2021 Fixed assets Investrllenls 102,812 116,460 Current assets Deposi15 & bank balances 34,282 25.106 34,282 25,1C6 Llabilitie$ Amounts falling due wrthin one yeai 19,3801 15,3351 Amounts f811ing due after me than one year 135.6691 140,0001 Net current assats 10.767 20,229 Net assgts 92,045 96.231 Funds unrestn.cled Restrie 65,298 26,747 72,570 23.661 10 92,045 96.231 These financial siatements have t1 Fryar1 in acc(dan with the Finanaal Rerw)rt]"ng Ststmlard for Smaller Entities {effethve January 2015). These financial statements were approved al the Annual Genefal Meeting of U)e Parochial Church Council and signed on ils behalf by-. Mrs J Murphy Treasurer Date. 23rd Apnl 2023 The notes on pages 6 to 9 fomi part of these &counls
COLESHILL PAROCHIAL CHURCH COUNCIL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022 1 Accounting policies The financial statements have been prepared in acCdanCe with the Church Accounting Regulations 2006. A¢counts"ng and Repon9 by Chartb"es'. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance wilh the Finanual Rewrb"ng Standard for Smalkr Enb"b"es published on 16 July 2014 and the Financial Reportir¥J Standard for Smaller Entilies. The financial statements have been prepared under the historical cost ¢onvenb"on except for the valuation of invèstment assets which are shown at market value. The ffinancial statements indude all transactions, assets and liabilits.es for which the PCC is spOnSIe in law. They do not indude the accounts of church groups that owe their main affiliation to another b(KJy. northose that are inftjrmal gatherings of chur¢h members. Funds Unrestricted lunds represent the reserves of the PCC th are not subpct to any restr10$ regarding their use and are available f<K awicatn on Ihe general PUryM)se of the PCC. The restricted funds shown in the balance sheet comprise mon$ earmarked for intemal renovab.ons and r ordering of the church, the use of which is at the discretion of the PCC . together with funds held in the Digby Trust account that are under the control of the PCC and are designated to be used for educab.onal purposes. Incoming rèsources Collecbons are recognised when recewed by or on behaff of the PCC. Planned gNing receivable under Gfft Aid is recognised only when receive(l. Income tax recoverable on Gift Aid dOr110nS is accounted for when receNed. Grants and legacies to the PCC are accounted for as scJn as the PCC is nobfied of its legal entement and the amount due is qUantifiae and its mate r1p1 by the PCC is certain. Diwdends and interest are acctyjnted for when receNed. Resources •xp•nd•d Grants and donations are accounted for when paKI over. or when awarded rf that award creates a binding obligation on the PCC. The DeSan parish share is accounted for when due. All other expenditure is genèially recognised when it is incurred and is a¢xounled for gross. Fixed assets Consecrated and beneficed property of any kino is exduded from the accounts by S1012} of the Charrties Act 2011. Moveablè ¢hurch furnishings held by the Vi(3r and Churchwardens on Sp.31 tnjst for the PCC an(5 which requiTe a faculty for disposal are not valued in these accounts. They are listed in the Church's inventory. For inalienable propety acquiw PriOF to 2003 there is insufficient Cost infomith.on available and therefore such assets are not valued in the accounts. Investments Investrnents are Vall at market value at 31 De¢ember 2022 cUrrt ass•ts Short term deposits are hekl either with the CBF Chun* of England fvnds or at the bank.
COLESHILL PAROCHIAL CHURCH COUNCIL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022 Unrestricted Restricted nds funds 2022 2021 2 Donalions and Legacies Planned donations In¢ome tsx recovered Plate collections Charity collections Special servKe Other Legacy Donation -Ni¢k gift Donations lor Re-ordering CaMPan Grarrts l Funding Awards Donation from Maxstoke PCC Yoltth Education Trust- Donab'on 17.683 5,180 4.220 17,683 6.769 4,220 388 1.786 4.516 19.439 8,257 3.385 137 1,060 14,858 5,000 1,325 6.948 6.578 1,000 6,165 74,152 1.589 1,786 4,516 ¢Jonations 1,4 1.490 2,470 2,470 6.165 9.244 6,165 46.387 37,143 Unrestrl¢ted Restricted funds funds 2022 2021 3 Church activitigs Charitable giving.. Christian aid Revive l Rev Chris Water Aid Diocesan parish shale Servic£ 1$ Organist Office staff c£Jsts Office costs. printing & Stsb"onery Heal, Light & Water Insurance Icarage (x)S Building maIntenareIf0I cover Cleaning Consulianl cost- reofdering Contraclors cosls Heritage trail costs Pew cushions AV equipment Clock repairs Nick gift Sundries loan Inte$1 316 950 72 316 950 72 18,0 3,254 1,565 167 Ministry.. 18.C 3.254 1.565 20,(KJO 1,799 Church". 5,967 3,836 3,741 5.271 247 5,037 1.477 3.314 5,274 1,915 1.174 14.809 11.516 1.395 177 3.508 3.508 5.866 5.228 24 3,777 2,108 1.3(K> *, 5,228 24 2.108 325 325 1.834 $4,811 1.834 1,834 52,977 89,979 Page 7
COLESHILL PAROCHIAL CHURCH COUNCIL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022 Staff costs 2022 2021 Wages - Organisl 1565 893 Investments 2022 2021 Market value at 1 January 2022 Unrealised gainlllossl on revaluats.on 116,460 {13,6481 101,820 14.640 Market value al 31 December 2022 102,812 116,460 The following is a summary of investments held.. 2022 2021 CBF Inveslmenl Fund income units {4979.79 shares) 102,812 116,460 Deposits & bank balances 2022 2021 Central Board of Finance Deposit Fund Barclays current account Barclays Campaun lUnt 7.700 6.404 20,178 34,282 4,554 3,459 17,093 25.106 Liabilities falling due within one year 2022 2021 Diocesan Loan Accruals 5,835 3,545 5.335 9,380 5,335 Liabilities falling due after more than one year 2022 2021 Diocesan Loan 35669 40.000
COLESHILL PAROCHIAL CHURCH COUNCIL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022 statsment of Financial Actlvltles - c(Hnparatives Unrestricted funds Restricted funds 2021 Income Donations and legacies Activities for generating funds Fundraising Income from investments Charitable activities Fees 52,315 21,837 74,152 2,523 2,960 2,523 2,960 10.220 68.018 10,220 89,855 Totsl income Expenditure Church activilies 66,807 23,172 89,979 Total expendtture 66.807 23,172 89.979 Net incomel (expenditure) before gainsl (losses} on investments 1.211 {1,3351 (1241 Net gainsl{lossesl on inveslments 14.640 14,640 Net movgment in funds 15,851 (1,3351 14,516 Balances brought forvrard al 1 January 2021 56.719 24,996 81,715 Balances carried forward at 31 December 2021 72,570 23,661 96,231