## **Objectives and activities** St Timothy’s Parochial Church Council (PCC) has the responsibility of promoting in the ecclesiastical parish, the whole mission of the Church, pastoral, social and ecumenical. St Timothy’s is part of The Diocese of Sheffield. The Diocese has been called to grow a sustainable network of Christ-like, lively, and diverse Christian communities in every place which are effective in making disciples and in seeking to transform our society and God’s world. The PCC works towards the above Diocesan Mission Statement with its three strands: ‘Renewed, Released, Rejuvenated,’ and our Parish purpose statement ‘Passion for God. Compassion for People’ When planning our activities for the year, the incumbent and the PCC have considered the Charity Commission’s guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. ## **Review of the year** The transitions apparent in 2021 continued into the first half of 2022, especially with regard to the restructuring of the parish within a unified benefice with the parish of The Vine. The pastoral scheme enacting this union was not formalised until May of 2022. The Sunday morning congregation has consolidated as the main focus of our shared worship as a parish community, as well as monthly Kids’ Church, and the Harbour evening service. The Harbour included explored some additional modes of worship, including Taize and times focused on prayer. The Garden Church in the Morley Street Allotments continued regularly but was suspended when the leader, Rachel Crossley, was accepted for ordination and needed to focus elsewhere as her training commenced. Midweek activities, including children and family’s activities, the Tuesday Social Club, and Wednesday Lunch Club, have continued. Youth activities, including times away, have proven fruitful for discipleship. A youth play was a great success. Our vicar, Will Briggs, was absent with extended sick leave during the summer months. The ministry of Amy Hole, our curate, and PTO clergy within the parish have been greatly valued. Upon his return, Will focused on attending to consulting about and exploring necessary changes to our leadership structures in the light of the new benefice arrangements. This conversation continued into 2023. ## **Key changes in 2022** The formalities of the union of benefice with The Vine occurred in May of 2023. In early 2022, Esther Gratze was employed as a childrens and family’s worker, partly seconded to (and resourced by) The Vine, and assisting Kate Rogers-Kay at St. Tim’s. Esther’s initial focus has been with Sunday ministry at The Vine. Subsequent to this were preparations and commencement of lunchtime provision at St. Mary’s School. Nick Phoenix’s internship concluded in July. Subsequently he has decided to remain in Sheffield and join in the work of the House of Prayer at St. Stephen’s, Netherthorpe. The failure of our main boilers in late 2022 instigated the creation of a committee by PCC to pursue the project of upgrades to our buildings in accordance with our eco-church goals. ## **Future plans** The conversation and consultation regarding the provision of leadership dominates plans looking forward. This is necessary; it is the provision of leadership that allows vision and values to be discerned, articulated, and pursued in practice. Many of our pursuits rely on resolving this structural question. In 2023 the PCCs and congregation will be considering embracing “Focal Ministry” as the way forward. This aligns with Diocesan strategies, and involves identifying and nominating lay leaders who will, together with the vicar, be the focus of discerning vision, value, and priorities, and coordinating and supervising our diverse work. ## **Financial Review** We are pleased to note that, despite financial pressures continuing due to required maintenance works and the ongoing Cost of Living Crisis, St Timothy’s consolidated net income for the year was £10,119. This can be broken down to a positive net movement of £10,709 on unrestricted funds and a deficit of £590 on restricted funds due to the resumption of activity in our outreach programmes. This movement to a positive net income is especially important considering that the budget set at for 2022 was expected to produce a consolidated net deficit of £20,701. This change should not be taken for granted and is largely due to the generosity of the congregation, especially as a reaction to our gift day during the early part of the year. Due to the expected deficit, Common Fund giving was lowered to £70,000 for the year. ## **Income** St Timothy's received a total income of £185,188 in total during 2022. This was more than received in 2021 (175,240) during which period, giving had been hampered by ongoing Covid concerns. We have seen over a 600% increase in giving during services which has been helped by a digital solution that allows giving via debit or credit card. It should be noted that the Church Hall has seen an excellent recovery post-Covid with an 84% increase in trading income. ## **Expenditure** St Timothy’s total expenditure for the year was £175,069, of which 40% related to our common fund giving, 28% on staffing and the remainder on our church activities, including the building and upkeep, youth and children’s activities and governance costs. The bulk of expenditure is paid through our unrestricted funds. This rise in staffing reflects the employment of a cook for Wednesday Lunch Club and the joint employment of a Children’s worker with The Vine. The majority of expenditure is directly apportioned into budgets and held internally by budget holders to enable them to undertake and facilitate ministry in the Parish and beyond. This has meant that we were able to effectively warn staff of the budget deficit during the year and we thank them for acting upon the warnings which had led to the positive financial outcome. Overall expenditure is broadly similar to 2021 and 2020 although we predict rising operational costs due to the increase in staff pay, which the PCC has agreed to set at the rate given for the Real Living Wage. We are expecting costs to increase substantially looking to the future, as we come to the end of our current utility contracts in 2024. Recent issues with the heating in the church has also meant that the church is having to look at future proofing our ongoing heating concerns which will come with a substantial cost. We continue to monitor contracted costs and any variances to budgets closely, through the use of management accounts that are presented at PCC meetings where possible. Maintenance costs for the church building have continued to increase from the prior year due to delays in work that were required in 2021, but were delayed due to the pandemic and covid restrictions. We continued to take collections for external organisations and distributed these as grants to charities throughout the year. ## **NET Position and Balance** The overall net movement in funds was £10,119, unrestricted funds had a net income of £10,709 and restricted funds a net expenditure of £590. The restricted funds will be expended against in 2023. As of 31 December 2022, the total funds held by St Timothy’s had a balance of £116514, unrestricted funds had a balance of £87,459 and restricted funds a balance of £29,055. Costs are forecasted to increase in 2023, which will impact our unrestricted funds position, we continually look at increasing income to support our activities. ## **Reserves Policy** With our charity designation, it is expected that there will always remain a balance on general funds to cover any emergency or required closure of the charity. This is a minimum of £30,000. The current amount in general funds at the end of 2022, is at a level that allows us to cover this eventuality if required. ## **Note** It was with great sadness that the Di Marples, Kerry Wells, and Graham Cavill all stood down from the finance team during 2022. They have served the church in their roles for many years and their dedication and oversight of the church’s finance has meant that we are in the positive position that find ourselves in today. Their contribution should be recorded in this report and should not be understated. St. Timothy’s Church, Crookes ## **St Timothy’s Church, Crookes Financial Statements for the year ended 31 December 2022** ||**Not**|**Unrestric**|**Restricte**|**2022**|**202**| |---|---|---|---|---|---| ||**e**|**ted**|**d**|**Total**|**Tota**| |||**Funds**|**Funds**||| |**INCOME FROM**||£|£|**£**|| |Voluntary Income|1|141,527|2,871|**144,398**|14| |Other Voluntary Income Resources|2|-|4,600|**4,600**|5| |Income for Church Activities|3|1,736|284|**2,020**|2| |Activities for Generating Funds|4|10,857|8,507|**19,364**|10| |Trading Income|5|14,806|-|**14,806**|8| |||168,926|16,262|**185,188**|17| |**EXPENDITURE ON**|||||| |Charitable Giving Grants|6|-|3,510|**3,510**|4| |Activities Directly Related to the Work of|7|73,770|4,296|**78,066**|85| |the Church|||||| |Church Hall|8|9,013|-|**9,013**|4| |Salaries|9|45,260|3,185|**48,445**|40| |Tuesday Social Club|10|575|432|**1,007**|1| 1 | P a g e St. Timothy’s Church, Crookes |Youth and Children’s Ministry|11|7,711|161|**7,872**|11| |---|---|---|---|---|---| |Church Management and Administration|12|17,126|5,268|**22,394**|20| |Governance|13|4,762|-|**4,762**|5| |||158,217|16,852|**175,069**|17| |Net (expenditure)/income||10,709|(590)|**10,119**|1| |Transfer between funds||-|-|**-**|| |Total funds brought forward||76,750|29,645|**106,395**|10| |Total funds carried forward||87,459|29,055|**116,514**|10| |**STATEMENT OF THE FINANCIAL ACTIVITES**|||||| |**For the year ended 31 December 2022**|||||| 2 | P a g e ## St. Timothy’s Church, Crookes ||**Not**|**Unrestric**|**Restricte**|**2022**|**202**| |---|---|---|---|---|---| ||**e**|**ted**|**d**|**Total**|**Tota**| |||**Funds**|**Funds**||| |||£|£|**£**|| |Current Assets|||||| |Cash at bank and in hand||87,226|29,646|**116,872**|11| |Debtors|14|1,506|-|**1,506**|5| |Total Assets||88,732|29,646|**118,378**|11| |Creditors|||||| |Amount due within 1 year|15|(1,273)|(591)|**(1,864)**|(10| |Net Assets||**87,459**|**29,055**|**116,514**|10| |Funds|16||||| |Natter||-|3,981|**3,981**|4| |Asha||-|1,480|**1,480**|1| |Organ||-|2,483|**2,483**|2| |Lighting||-|-|**-**|1| |Defbrillator||-|667|**667**|6| |Assigned Fees||-|128|**128**|| |Charitable Giving||-|211|**211**|4| |Community Hub – COVID 19||-|2,648|**2,648**|2| |Xmas Tree Festival||-|2,201|**2,201**|1| |Eco Projects||-|6,232|**6,232**|10| |Toddlers||-|2,949|**2,949**|1| |Wednesday Lunch Club||-|6,075|**6,075**|3| |Halls (Designated)||27,538|-|**27,538**|21| |General (Unrestricted)||59,921|-|**59,921**|55| |||87,459|29,055|**116,514**|10| **BALANCE SHEET As at 31 December 2022** **NOTES TO THE FINANCIAL STATEMENTS** 3 | P a g e St. Timothy’s Church, Crookes ## **For the year ended 31 December 2022** ## **1 VOLUNTARY INCOME** |Planned Giving
Collections at Services
Donations
Gift Aid
**Total**|**Unrestrict**
**ed**
**£**
**Restricted**
**£**
**2022**
**Total**
**£**
**2021 Total**
**£**
107,889
760
**108,64**
**9**
101,601
1,176
1,862
**3,038**
411
9,873
249
**10,122**
21,331
22,589
-
**22,589**
25,791| |---|---| ||**141,527**
**2,871**
**144,39**
**8**
149,134| ## **2 OTHER VOLUNTARY INCOME** |Grants
Donations – TSC
**Total**|**Unrestric**
**ted**
**Restricte**
**d**
**2022**
**Total**
**2021**
**Total**
**£**
**£**
**£**
**£**
-
4,600
**4,600**
3,117
-
**-**
**-**
2,372| |---|---| ||**-**
**4,600**
**4,600**
5,489| ## **3 INCOME FOR CHURCH ACTIVITIES** |Funerals and Weddings
**Total**|**Unrestric**
**ted**
**Restricte**
**d**
**2022**
**Total**
**2021**
**Total**
**£**
**£**
**£**
**£**| |---|---| ||1,736
284
**2,020**
2,231| ||**1,736**
**284**
**2,020**
2,231| ## **4 ACTIVITIES FOR GENERATING FUNDS** |Youth and Children
Tuesday Social Club
Church Activities
Wednesday Lunch Club
**Total**|**Unrestric**
**ted**
**Restricte**
**d**
**2022**
**Total**
**2021**
**Total**
**£**
**£**
**£**
**£**| |---|---| ||9,115
1,398
**10,513**
8,763| ||1,048
-
**1,048**
-| ||694
-
2,296
4,813
**2,990**
**4,813**
927
658| ||**10,857**
**8,507**
**19,364**
10,348| 4 | P a g e St. Timothy’s Church, Crookes ## **NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2022** ## **5 TRADING INCOME** |Hall
**Total**|**Unrestric**
**ted**
**Restricte**
**d**
**2022**
**Total**
**2021**
**Total**
**£**
**£**
**£**
**£**| |---|---| ||14,806
-
**14,806**
8,038| ||**14,806**
**-**
**14,806**
8,038| ## **6 CHARITABLE GIVING GRANTS** |Children Society
Assist
Shefeld Women’s
Asha
St Tim’s Pantomime
Love in Action
Christian Aid|**Unrestric**
**ted**
**Restricte**
**d**
**2022**
**Total**
**2021**
**Total**
**£**
**£**
**£**
**£**
-
-
**-**
180
-
124
**124**
10
-
-
**-**
104
-
1,489
**1,489**
3,440
-
-
**-**
123
-
-
**-**
21
-
167
**167**
-
-
219
**219**
315
-
312
**312**
-
-
137
**137**
21
-
105
**105**
-
-
422
**422**
315
-
83
**83**
-
-
256
**256**
-
-
112
**112**
-
-
84
**84**
-| |---|---| |A Rocha UK|| |Snow Project|| |Church Mission
Tearfund|| |S6 Foodbank|| |Ukraine Appeal|| |Trussell Trust|| |Other|| |RBL|| |**Total**|**-**
**3,510**
**3,510**
4,193| ## **7 ACTIVITIES DIRECTLY RELATED TO THE WORK OF THE CHURCH** |Common Fund Giving
Church Event Costs
Assigned Fees
**Total**|**Unrestric**
**ted**
**Restricte**
**d**
**2022**
**Total**
**2021**
**Total**
**£**
**£**
**£**
**£**| |---|---| ||70,000
-
**70,000**
78,096| ||3,770
4,149
**7,919**
6,145| ||-
147
**147**
1,095| ||**73,770**
**4,296**
**78,066**
85,336| 5 | P a g e St. Timothy’s Church, Crookes ## **NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2022** ## **8 CHURCH HALL** |**8 CHURCH HALL**|| |---|---| |Maintenance
Broadband
Subscriptions
Utilities
Insurance
**Total**|**Unrestric**
**ted**
**Restricte**
**d**
**2022**
**Total**
**2021**
**Total**
**£**
**£**
**£**
**£**| ||3,858
-
**3,858**
788| ||62
-
**62**
167| ||-
-
**-**
277| ||3,313
-
**3,313**
2,165| ||1,780
-
**1,780**
1,398| ||**9,013**
**-**
**9,013**
4,795| ## **9 SALARIES** |**9 SALARIES**|| |---|---| |Administration
Church Cleaning
Youth
Wednesday Lunch Club
Halls
Natter
National Insurance &
Pension
**Total**|**Unrestric**
**ted**
**Restricte**
**d**
**2022**
**Total**
**2021**
**Total**
£
£
**£**
**£**| ||9,611
-
**9,611**
8,116| ||3,554
-
**3,554**
3,426| ||21,421
-
**21,421**
18,240| ||-
2,501
**2,501**
-| ||5,482
-
**5,482**
4,826| ||-
684
**684**
-| ||5,192
-
**5,192**
5,392| ||**45,260**
**3,185**
**48,445**
40,000| ## **10 TUESDAY SOCIAL CLUB** |Cost of events
**Total**|**Unrestric**
**ted**
**Restricte**
**d**
**2022**
**Total**
**2021**
**Total**
**£**
**£**
**£**
**£**| |---|---| ||575
432
**1,007**
1,669| ||**575**
**432**
**1,007**
1,669| ## **11 YOUTH AND CHILDREN’S MINISTRY** |Children & Youth cost of
events
**Total**|**Unrestric**
**ted**
**Restricte**
**d**
**2022**
**Total**
**2021**
**Total**
**£**
**£**
**£**
**£**| |---|---| ||7,711
161
**7,872**
11,212| ||**7,711**
**161**
**7,872**
11,212| 6 | P a g e St. Timothy’s Church, Crookes ## **NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2022** ## **12 CHURCH MANAGEMENT AND ADMINISTRATION** |Clergy and Vicarage Costs
Training
Administrative Costs
Maintenance and Upkeep
Insurance
Utilities
**Total**|**Unrestric**
**ted**
**Restricte**
**d**
**2022**
**Total**
**2021**
**Total**
**£**
**£**
**£**
**£**| |---|---| ||2,014
-
**2,014**
1,078| ||660
-
**660**
1,170| ||3,763
-
**3,763**
3,879| ||4,747
5,268
**10,015**
8,216| ||3,251
-
**3,251**
3,456| ||2,691
-
**2,691**
3,157| ||**17,126**
**5,268**
**22,394**
20,956| ## **13 GOVERNANCE** |**13 GOVERNANCE**|| |---|---| ||**Unrestric**
**ted**
**Restricte**
**d**
**2022**
**Total**
**2021**
**Total**
**£**
**£**
**£**
**£**| |Accountancy Fees|4,125
-
**4,125**
4,400| |Payroll Fees|287
-
**287**
313| |Audit Fee|350
-
**350**
350| |Professional Fees|-
-
**-**
503| |**Total**|**4,762**
**-**
**4,762**
5,566| ## **14 DEBTORS** |**14 DEBTORS**|| |---|---| |Trade Debtors
Accrued Income
**Total**|**Unrestric**
**ted**
**Restricte**
**d**
**2022**
**Total**
**2021**
**Total**
**£**
**£**
**£**
**£**| ||634
-
**634**
1,806| ||872
-
**872**
3,797| ||**1,506**
**-**
**1,506**
5,603| ## **15 CREDITORS** |**15 CREDITORS**||||| |---|---|---|---|---| ||**Unrestric**|**Restricte**|**2022**|**2021**| ||**ted**|**d**|**Total**|**Total**| ||**£**|**£**|**£**|**£**| |Creditors due within one
year|(1,273)|(591)|**(1,864)**|(10,055)| 7 | P a g e St. Timothy’s Church, Crookes **(591) (1,864)** (10,055) **Total** **(1,273)** ## **NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2022** ## **16 RECONCILIATION OF FUND BALANCE** ||**Balance**
**b/f**
**£**
**Income**
**£**
**Expenditu**
**re**
**£**
**Balance**
**c/f**
**£**| |---|---| |Natter|4,665
-
(684)
**3,981**| |Asha|1,989
979
(1,488)
**1,480**| |Organ|2,483
-
-
**2,483**| |Lighting
|1,500
-
(1,500)
**-**| |Defbrillator|667
-
-
**667**| |Assigned Fees|(9)
284
(147)
**128**| |Charitable Giving|441
1,791
(2,021)
**211**| |Community Hub - Covid
19|2,648
-
-
**2,648**| |Xmas Tree Festival
Eco Projects
Toddlers
Wednesday Lunch Club|150
10,000
1,712
3,399
2,396
-
1,398
9,414
(345)
(3,768)
(161)
(6,738)
**2,201**
**6,232**
**2,949**
**6,075**| |Halls|21,745
14,806
(9,013)
**27,538**| |General Fund|55,005
154,120
(149,204)
**59,921**| |**Total**|**106,395**
**185,188**
**(175,069)**
**116,514**| 8 | P a g e St. Timothy’s Church, Crookes ## **17 PRIOR YEAR SOFA FOR THE YEAR ENDED 31 DECEMBER 2021** ||**Not**|**Unrestric**|**Restricte**|**2021**|**202**| |---|---|---|---|---|---| ||**e**|**ted**|**d**|**Total**|**Tota**| |||**Funds**|**Funds**||| |**INCOME FROM**||£|£|**£**|| |Voluntary Income|1|134,790|14,344|**149,134**|16| |Other Voluntary Income Resources|2|3,324|2,165|**5,489**|14| |Income for Church Activities|3|1,145|1,086|**2,231**|2| |Activities for Generating Funds|4|7,254|3,094|**10,348**|5| |Trading Income|5|8,038|-|**8,038**|11| |||154,551|20,689|**175,240**|19| |**EXPENDITURE ON**|||||| |Charitable Giving Grants|6|-|4,193|**4,193**|3| |Activities Directly Related to the Work of|7|81,508|3,828|**85,336**|82| |the Church|||||| |Church Hall|8|4,795|-|**4,795**|9| |Salaries|9|40,000|-|**40,000**|47| |Tuesday Social Club|10|1,669|-|**1,669**|8| |Youth and Children’s Ministry|11|10,488|724|**11,212**|5| |Church Management and Administration|12|20,956|-|**20,956**|19| |Governance|13|5,566|-|**5,566**|6| |||164,982|8,745|**173,727**|17| 9 | P a g e ## St. Timothy’s Church, Crookes |Net (expenditure)/income|(10,431)|11,944|**1,513**|18| |---|---|---|---|---| |Transfer between funds|-|-|**-**|| |Total funds brought forward|87,181|17,701|**104,882**|86| |Total funds carried forward|76,750|29,645|**106,395**|10| ## **18 PRIOR YEAR BALANCE SHEET FOR THE YEAR ENDING 31 DECEMBER 2021** |**021**|||||| |---|---|---|---|---|---| ||**Not**|**Unrestric**|**Restricte**|**2021**|**202**| ||**e**|**ted**|**d**|**Total**|**Tota**| |||**Funds**|**Funds**||| |||£|£|**£**|| |Current Assets|||||| |Cash at bank and in hand||83,202|27,645|**110,847**|10| |Debtors|14|3,603|2,000|**5,603**|6| |Total Assets||86,805|29,645|**116,450**|10| |Creditors|||||| |Amount due within 1 year|15|(10,055)|-|**(10,055)**|(2| |Net Assets||**76,750**|**29,645**|**106,395**|10| |Funds|16||||| |Natter||-|4,665|**4,665**|4| |Asha||-|1,989|**1,989**|4| |Organ||-|2,483|**2,483**|2| |Lighting||-|1,500|**1,500**|1| |Defbrillator||-|667|**667**|1| |Assigned Fees||-|(9)|**(9)**|| |Charitable Giving||-|441|**441**|| |Community Hub – COVID 19||-|2,648|**2,648**|2| |Xmas Tree Festival||-|150|**150**|1| |Eco Projects||-|10,000|**10,000**|| |Toddlers||-|1,712|**1,712**|| |Wednesday Lunch Club||-|3,399|**3,399**|| |Halls (Designated)||21,745|-|**21,745**|18| |General (Unrestricted)||55,005|-|**55,005**|68| 10 | P a g e St. Timothy’s Church, Crookes 76,750 29,645 **106,395** 10 11 | P a g e ## **Independent Examiner’s Report to the members of the PCC of St Timothy's Church, Crookes** I report on the accounts of the PCC for the year ended 31 December 2022. ## **Responsibilities and basis of report** My examination has been carried out in accordance with the requirements of section 145 of the Charities Act 2011 ('the Act') and the Church Accounting Regulations 2006 ('the Regulations'). ## **Independent examiner’s statement** In the course of my examination, no matter has come to my attention 1. which gives me reasonable cause to believe that in any material respect the requirements: - to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations - to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations 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. Judith McCoy Accountant JSM Accounting Services Limited 32 Clough Grove Oughtibridge Sheffield S35 0JX 21.4.23