## **TRUSTEES' ANNUAL REPORT** ## **The Parochial Church Council of the Ecclesiastical Parish of Funtington with West Stoke and Sennicotts** ## **For the year ended 31st December 2022** ## **CONTENTS** |**Page**|| |---|---| |**2-6**|**Trustees' annual report**| |**7-19**|**Annual Accruals Accounts**| |**20**|**Report of the independent examiner**| St Mary's Church, Church Lane, Funtington, Chichester PO18 9LH. 1 ## **Our aims and purposes as a charity** The PCC has the responsibility of co-operating with the Priest-in-Charge, the Revd Andrew BIRKS, in: - The promotion of the gospel of the Lord Jesus Christ according to the doctrines and practices of the Church of England. - Promoting in the parish the whole mission of the church, pastoral, social, evangelistic and ecumenical. - To know Jesus better and make Him better known. - Practical support and care for people in the parish, from the youngest to the eldest, irrespective of level of need or, ability to pay. - Providing financial support those in need and, to other organisations with similar objectives. ## **What we planned to do to achieve our charitable objectives** When planning our activities for the year, our Priest-in-Charge 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’. The council has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016, fully recognising its duty to have due regard to House of Bishops' guidance on safeguarding children and vulnerable adults. For this year we discussed and planned the following objectives and activities to fulfil our aims: - Enabling as many people as possible to worship at our church. - Enabling as many people as possible to become part of our parish community. - Teaching, baptising and nurturing new and existing believers. - Maintaining an overview of worship throughout the parish. - Considering how services can involve the many groups that live within the parish. - Putting faith into practice, through prayer and scripture, music and sacrament. - Offering worship and prayer, learning about the Gospel, in small group situations. - Assisting people from all walks of life to develop their knowledge of, and trust in, Jesus. - Provision of pastoral care for people living in the parish. - Providing assistance to the poor and needy of the parish. - Giving grants to missionary organisations. - Reaching out to the unchurched through provision of the Christmas Fayre and offering food at Harvest. - Maintaining the fabric of the church building as a historic centre and focus of life in the village. - Providing assistance to the poor and needy within the Chichester area through regular gifts to Stone Pillow and the Chichester Foodbank. ## **What we achieved and how we affected beneficiaries’ lives** ## _**Attendance at worship**_ The church family welcomes visitors from within as well as outside the parish boundary. Visitors attend by personal choice and, it is our great pleasure to welcome anyone from all walks of life to take part in the life of the church. We contend that voluntary attendance to worship the Lord Jesus Christ, is a major demonstration of the public benefit of our activities. 2 The average regular weekly attendance, counted during _“Dear Father Andrew, Thank You so much_ October was 34 adults and 6 children. Over the course of the _for all you did to help them have the_ year we have seen a steady rise in service attendance and it has _wedding they had hoped for…..…R & D_ been a great encouragement to welcome new families to our churches. We look to encourage the deepening of faith for all ages. We have been able to start the Sunday School again which is great to see the children back in church and very much part of our services. Christmas is a very special time of celebration where many sections of the community come together to join in the services. Children and adults alike join in and memories are made. The numbers on Christmas Eve and Christmas Day were _West Stoke Carol Service was simply_ encouraging from last years figures with good numbers in our _magical, wonderful and made a_ congregations across advent and Christmas in all our services, both _wonderful Christmas Eve_ the ‘special’ services and the Sunday services. Likewise at Easter we saw good numbers of families attending our services. We had the Stations of The Cross at Funtington, and then carried our cross from Fungtington to St Wilfrid’s Hall, where we had lunch and a devotional service. We then continued the journey to Chidham, St Mary’s for Veneration of the Cross and Communion. On Easter Morning 32 of us gathered at 7am for a service on Cobnor beach where the paschal candle was lit on the shore. The light was taken to both Chidham and Funtington where the respective paschal candles were lit. ## _**Teaching, baptising and nurturing new and existing believers.**_ A greater number of the church family have been involved in leading various aspects of worship, lending great encouragement to those involved, as well as the whole congregation. We continue to seek to extend the opportunities for the exercise of ministry and gifts within the life of our community. We are forging links with our local schools and developing ways of working more closely together. This is an ongoing process. As already stated, the Sunday School has restarted, and there is continued support of the schools within our parish. ## _**Evangelism and outreach**_ We have had a number of social events in the parish with HM The Queen’s Jubilee, and the lighting of the beacon being a highlight of our summer. The fireworks party, hosted at Adsdean was another huge success with over 100 people attending the events. Our Christmas Fair was a huge success with nearly £1,000 raised. ## _**Provision of the church building for people to enjoy**_ It was with great delight that we celebrated the baptism of 4 children. During the year there have been 3 weddings and 1 wedding blessing; 6 funerals. The main focus this year has been to explore ways in which the church building can be used for events in addition to services. It is important to us that the church is available for private prayer not just to the church family but to the wider visiting community. To this end the church building is always open. 3 Many remark not only how refreshing it is to find an open church but, also the sense of peacefulness and spirituality the church pervades. _“Lovely space to come and just think about life and give thanks” M.A-L_ Other remarks include the sense of history within; that people of much earlier generations found life and presence there and, comments on the appreciation of the architectural beauty of the building and biblical archaeology. ## _**Spatial reordering of the church building and future projects**_ The church had a plan for some major repair and renovation work to be completed in 2022 and we tried to ensure that worship and use of the building was not impacted, and where it was impacted by the works, it was minimal. We began work to repair the roof in early June, which impacted on 2 wedding services. The work was completed and there was national media interest in the church being one of the first in the country to have solar panels fitted on the roof. Often churches are not able to have solar panels because of them being listed buildings, but the design of St Mary’s, Funtington meant that we were able to have them installed. We are receiving requests for more information about them which has been forwarded to the architect to address. We are faced with the issue of having one priest with two parishes which has an impact on making sure that there is enough cover for the services that we provide. We need to ensure that when the priest is not able to be at Funtington, West Stoke or Sennicotts, a service can still take place albeit the service may not be a Eucharist one. We have been extremely grateful for the support of both clergy and Readers from our parishes and neighbouring parishes who have provided cover for us on a weekly basis. As pressure for clergy increases, it may be that the service times are reviewed again in 2023. ## _**Provision of pastoral care for people living in the parish**_ We do not have a Pastoral Care Team, but we do work closely with Good Neighbours, and we will need to look again at the Pastoral support of our community in the new APCM year. ## _**Other charitable giving**_ The parish magazine continues to be distributed to all households in the parish. This helps to maintain links between the church family and those who have not yet felt the need to take part in what we do. During the year £1,000 was raised at The Christmas Fayre (in 2021), which was then donated to a number of local, deserving charities. The church family has supported many other mission and charitable societies, Chichester Diocesan Family Support Work, the Children’s Society, Stone pillow and the local foodbank. ## _**Staff costs**_ The PCC reviewed the cost and requirements for the graveyards. There has been a significant saving for the parish in the respect of new contractors. The contractors at Funtington have made a huge improvement to the grounds, and there has been much favourable comment on their work. The grounds at West Stoke have also come under review and there is a reduced cost compared to the previous contractor. Sennicotts is also well maintained and cared for. All of our churchyards are in good order, and where work is required, plans are in place to deal with these in 2023. We were pleased to finally see the southern boundary fence (which had been kindly donated to us by a local resident) installed. We are currently awaiting permission to replace the boundary fence on the eastern boundary. 4 ## _**Trustee payments and expenses**_ The PCC supported the clergy by paying Council Tax, Water and other charges for the Vicarage at Chidham where the Priest-in-Charge resides. Environmental charges, electric and fuel oil for the three Churches have also been paid. All payments to persons related to or connected to the Trustees are recorded in the annual accounts note 15. ## _**Repairs to the fabric of the church building.**_ The repairs to the church include the repairs to the roof and Ratham Chapel which has been the major works completed in 2022. We had our Quinquennial Inspection of St Mary’s Funtington of which all the issues of concern have been or are being addressed by the architect. Where we were able, VAT was reclaim using the application for a grant to cover the VAT paid. The grant comes from the Department for Culture Media and Sport. ## **Why we hold some money in reserve.** It is PCC policy to invest temporarily surplus general funds with the CBF Church of England deposit fund, and Blackrock Fund Managers, returning proportionately these funds to our current account, as they are needed, to pay day-to-day bills. The PCC has decided to keep a minimum reserve of £25,000 within our general fund on the basis that it would provide for 4 months of normal expenditure. As well as holding the above general reserves, from time to time the PCC receives restricted legacies for expenditure on particular purposes, defined by the donor. We aim to expend such money as soon as possible after receiving the legacy, depending on the specific objectives of the donor. Where we have identified that the specific purpose can only be achieved by delaying the expenditure, we invest the legacy temporarily until such time as the need for expenditure is identified. During the year we received no restricted legacies. ## **Structure, governance and management of the charity** The Parochial Church Council (PCC) is registered with the Charity Commission as required by the Charities Act 2011. Its governing document is the Parochial Church Councils (Powers). During the year the following served as members of the Parochial Church Council: |_Ex Officio members_|| |---|---| |Incumbent:|The Revd Andrew Birks| |Wardens:|Mr Nick La Hive (Vice Chairman)| ||_(until May 2022)_| ||Mrs Claire Hoare| ||_(until May 2022)_| ||Mrs Phillipa Kerr| ||_(from May 2022)_| ||Mr Paul Wren| ||_(from May 2022)_| ||Mrs Caroline Noble| 5 Mrs Carolyn Watt Treasurer Mrs Tricia Dry Elerted Members Mrs Denise Foster Mrs Kay KnovAes Mrs Debbie Huzhes Mr Edvfard Plat( Mr Neil Watt Mrs Gwynne Oakley-smith Mrs Joanne Wergan Mr Andrew Hughes Mrs Gill Boote Elettoral Roll Officer Mr Andrew lillie Ex Officio. Safeguarding Officer Mr Tony D'Alron Deanery Synod Mr5 Anna Mallam Mr Nick La Hive Mrs Caroline Noble Membership of the PCC is determined under the Church Representation Rules and consists of certain ex- officio members (the priest-in**Fund**|**Restricted**
**Fund/s**|**Endowed**
**Fund/s**|**Total**
**Funds**
**2022**|_Total_
_Funds_
_2021_|**_Notes_**
_2_
_3_
_7_
_18_| |---|---|---|---|---|---|---| |**Income and endowments from:**
Donations and legacies
Charitable activities
Other trading activities
Investments
Other receipts|**£**
299,305
9,073
12,159
8,454
30,177|**£**
-
-
-
122
-|**£**
-
-
-
-
-|**£**
**299,305**
**9,073**
**12,159**
**8,576**
**30,177**|_£_
_57,181_
_8,481_
_6,833_
_3,581_
_-_|| |**Total income**|**359,168**|**122**|**-**|**359,290**|_76,076_|| |**Expenditure on:**
Raising funds
Charitable activities
Other trading activities|984
233,530
4,893|-
122
-|-
-
-|**984**
**233,653**
**4,893**|_176_
_88,458_
_8,445_|| |**Total expenditure**|**239,407**|**122**|**-**|**239,529**|_97,079_|| |Net gains (or losses) on investments|(4,062)|**-**|**-**|**(4,062)**|_9,775_|| |**Net income or (net expenditure)**|**115,698**|**-**|**-**|**115,698**|_(11,228)_|| |**Transfers between funds**
**Other recognised gains/(losses):**
Gains/(losses) on revaluation of fixed assets
Other gains/(losses)
_Reconciliation of funds:_|**-**
115,698
-
-|**-**
-
-
-|**-**
-
-
-|**-**
115,698
**-**
**-**|_-_
_(11,228)_
_-_
_-_|| |**Net movement in funds**|**115,698**|**-**|**-**|**115,698**|_(11,228)_|| |Total funds brought forward|493,471|2,075|3,000|498,546|_509,774_|| |**Total funds carried forward**|**609,169**|**2,075**|**3,000**|**614,244**|_498,546_|| 8 Balance Sheet Totrl Fund5 TotolFund5 2021 Notes Tangible assets Investment5 444.657 459.239 1 Total fixed assets 464,243 467,125 , Debtors 6,191 29,Ci12 i 14 io Cash at bank and in hand Total current a55ets 160,532 35,193 Creditors: Amounts falling due within one year {W,5311 13,772J li Net current assets or Iliabilitiesl 150,O)1 31,421 Totsl assets less current Ilabllltles 614,244 Creditors.. Amounts falling due after more than one year 12 Provisions for liabilities Total net assets or {Ilabllltles) 614.244 498,546 The funds of the charlty: Endowment funds Restricted income funds 1075 2,075 Unrestricted funds 609,169 493.471 Total charfty funds This Annual Financial Report. for the year ended 31st December 2022, indudin8 the notes following, was Approved by the PCC and signed on its behalf by The Revd drew Birk5, PCC Chalmian 614,244 498 546 1 18 ## **Notes to the financial report** ## **1 Accounting policies** ## **a Accounting convention** The financial statements have been prepared under the Church Accounting Regulations 2006 in accordance with applicable accounting standards and the current (2019) Statement Of Recommended Practice, Accounting and Reporting by Charities SORP (FRS 102). The financial statements have been prepared under the historical cost convention as modified by the inclusion of investments 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 affiliation to another body, nor those which are informal gatherings of church members. ## **b Funds accounting** Funds held by the PCC are: _Unrestricted funds_ - general funds which can be used for PCC ordinary purposes _._ _Designated funds_ - monies set aside by the PCC out of unrestricted funds for specific future purposes or _projects._ _Restricted funds_ - a) income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest; 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 is carried forward as a balance on that fund. _Endowment funds_ - funds the capital of which must be maintained; only income arising from the investment of the endowment may be used, either as restricted or unrestricted funds, depending on the purpose set out in the terms of the original endowment _._ ## **c Income and endowments** All income and endowments are accounted for without deduction for any costs of receivability, are recognised when there is evidence of entitlement, receipt is probable, and the amount can be measured reliably. ## **Donations and legacies** _Collections_ are recognised when received. _Planned giving_ receivable is recognised when there is evidence of entitlement, receipt is probable, and the amount accords with the Gift Aid declaration or other record of intention to donate. _Gift aid recovered_ is recognised when the income to which it is attached is recognised. _Grants and legacies_ are recognised when the formal offer in writing of the funding, is received by the PCC. ## **Charitable activities** _Fees for weddings and funerals are recognised when the events are in the accounting year and receipt is probable._ ## **Other trading activities** _Trading activities_ are where income is receivable in return for selling goods or providing services. Income from trading is recognised when received. ## **Investment income** Interest entitlements are accounted for as they accrue. 10 ## **Notes to the financial report (continued)** ## **All other income** All other income is recognised in accordance with the above overall policy. ## **Gains and losses on investments** Realised gains are recognised when the investments are sold. Unrealised gains and losses are accounted for on revaluation at 31 December. ## **d Expenditure** Expenditure is accounted for on an accruals basis and accounted for gross. ## _**Grants**_ Grants and donations are accounted for when paid over, or when awarded where the award creates a binding obligation on the PCC. ## _**Church Activities**_ The diocesan parish contribution is accounted for on an annual basis, reflecting the allocation set by our Deanery. Any parish contribution unpaid at 31 December is provided for in these accounts as an operational (though not a legal) liability and is shown as a creditor in the balance sheet. ## **e Fixed Assets** ## _**Tangible fixed assets**_ Consecrated and beneficed property of any kind is excluded from the accounts by s.10(2) of the Charities Act 2011. Movable church furnishing held by the Vicar and Churchwardens on special trust for the PCC and which require a faculty for disposal, are accounted as inalienable property unless consecrated. They are listed in the church's inventory which can be inspected but are not included in the financial statements. For other property acquired prior to 2010 there is insufficient cost information available and therefore the cost of such assets is not stated in the financial statements. ## _**Depreciation**_ Depreciation is calculated to write down the cost of tangible fixed assets, excluding freehold properties, over their expected useful lives. The rates we have applied are: |Fixtures and fittings - Organ|3%| |---|---| |Fixtures and fittings - Solar Panels|10%| |Audio visual equipment|25%| No depreciation is provided on freehold property as it is the PCC's policy to maintain these assets in a continual state of sound repair. ## _**Investments**_ Investments are stated at market value at the balance sheet date. ## **f Current Assets** Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown a debtors less provision for amounts that may prove uncollectible. 11 ## **Notes to the financial report (continued)** ## **2 Analysis of income and endowments** ||**Unrestricted **|**Restricted **|**Endowed **|**Total Funds**|_Total Funds_|| |---|---|---|---|---|---|---| ||**Fund**|**Fund/s**|**Fund/s**|**2022**|_2021_|**_Notes_**| |Planned giving (gift aided)
Planned giving (no tax refunds)
Loose cash collections
Sumup donations
Donations
Gift Aid recoverable|£
34,593
-
4,299
268
1,794
8,993|£
-
-
-
-
-
-|£
-
-
-
-
-|**£**
**34,593**
**-**
**4,299**
**268**
**1,794**
**8,993**|_£_
_36,875_
_1,641_
_4,209_
_-_
_5,637_
_7,819_|| |Other Income|142|-|-|**142**|_-_|| |Legacies|249,216|-|-|**249,216**|_1,000_|| |Grants|-|-|-|**-**|_-_|| |||||||| |**Donations and legacies**|**£299,305**|**-**|**-**|**£299,305**|_£57,181_|| |Fees for weddings & funerals|9,073|-|-|**9,073**|_8,481_|| |**Charitable activities**|**£9,073**|**-**|**-**|**£9,073**|_£8,481_|| |Sales of parish magazine
Beacon party, Bonfire party, Christmas fair
Fundraising
Church centre hiring fees
Magazine advertising fees
Refunds|2,813
3,400
1,025
3,001
1,440
479|-
-
-
-
-
-|-
-
-
-
-
-|**2,813**
**3,400**
**1,025**
**3,001**
**1,440**
**479**|_2,837_
_1,036_
_270_
_356_
_1,840_
_494_|| |**Other trading activities**|**£12,159**|**-**|**-**|**£12,159**|_£6,833_|| |Bank & CBF deposit interest|8,454|122|-|**8,576**|_3,581_|| |**Investments**|**£8,454**|**£122**|**-**|**£8,576**|_£3,581_|| |VAT and Insurance refunds
Other receipts|25,960
4,217|-|-|**25,960**
**4,217**|_-_
_-_|| |**Total income**|**£359,168**|**£122**|**-**|**£359,290**|_£76,076_|| 12 ## **Notes to the financial report (continued)** ## **3 Analysis of expenditure on:** |**3 Analysis of expenditure on:**||||||| |---|---|---|---|---|---|---| ||**Unrestricted**|**Restricted**|**Endowed **|**Total Funds**|_Total Funds_|| ||**Fund**|**Fund/s**|**Fund/s**|**2022**|_2021_|**_Notes_**| |Beacon party, Bonfire party, Christmas fair expenses
Gift Aid envelopes
Sumup expenses|£
779
205
-|£
-
-
-|£
-
-
-|**£**
**779**
**205**
**-**|_£_
_-_
_176_
_-_|| |**Cost of raising funds**|**£984**|**-**|**-**|**£984**|_£176_|| |||||||| |Charitable grants and donations|4,039|-|-|**4,039**|_1,081_|_4_| |Parish share to Chichester Diocese
Salaries and honoraria incl tax
Clergy and other people's expenses
Bank Charges|40,000
5,636
2,375
84|-
-
-
-|-
-
-
-|**40,000**
**5,636**
**2,375**
**84**|_50,000_
_5,529_
_1,330_
_111_|_5_| |Council tax|1,204|-|-|**1,204**|_1,304_|| |Licence fees
Water, Gas, Electricity and Oil
Organist
Church Running Costs
Building works
Accounting and Architects fees
Church maintenance and repair
Diocesan and Deanery fees
New equipment
Liabilities
Governance|110
5,256
640
16,149
131,579
10,686
13,283
2,265
223
-
-|-
-
-
122
-
-
-
-
-
-
-|-
-
-
-
-
-
-
-
-
-
-|**110**
**5,256**
**640**
**16,272**
**131,579**
**10,686**
**13,283**
**2,265**
**223**
**-**
**-**|_110_
_3,509_
_1,216_
_16,901_
_2,793_
_760_
_1,365_
_2,405_
_-_
_44_
_-_|| |**Cost of charitable activities**|**£233,530**|**£122**|**-**|**£233,653**|_£88,458_|| |Church and Hall cleaning
Magazine Printing
Other trading costs|450
4,443
-|-
-
-|-
-
-|**450**
**4,443**
**-**|_4,813_
_3,632_
_-_|| |**Cost of other trading activities**|**£4,893**|**-**|**-**|**£4,893**|_£8,445_|| |||||||| |**Total expended on all funds**|**£239,407**|**£122**|**-**|**£239,529**|_£97,079_|| |||||||| 13 ## **Notes to the financial report (continued)** ## **4 Missionary and charitable giving:** **----- Start of picture text -----**
Unrestricted Restricted Endowed Total Funds Total Funds
Fund Fund/s Fund/s 2022 2021 Notes
£ £ £ £ £
St Wilfrid's Hospice 315 - - 315 250
Stone Pillow 236 - - 236 250
Cancer Research - - - - 250
Grassroots - - - - 250
Magazine 30 - - 30 -
Ukraine appeal 800 - - 800 -
Alzheimer's Research 315 - - 315 -
Sussex Snowdrop 315 - - 315 -
- - -
Funtington School 2,028 2,028
Others - - - - 81
£4,039 - - £4,039 £1,081
**----- End of picture text -----**
14 **Notes to the financial report (continued)** ## **5 Staff costs** **----- Start of picture text -----**
Unrestricted Restricted Endowed Total Funds Total Funds
Fund Fund/s Fund/s 2022 2021 Notes
£ £ £ £ £
a Remuneration
Wages and salaries 5,636 - - 5,636 11,511 16
- - - - -
Employer Social Security Costs
- - - - -
Employer Pension costs
£5,636 - - £5,636 £11,511
6 Governance
**----- End of picture text -----**
**----- Start of picture text -----**
Unrestricted Restricted Endowed Total Funds Total Funds
Funds Fund/s Fund/s 2022 2021 Notes
£ £ £ £ £
- - - - -
Independent examination/Accounts Production
- - - - -
7 Analysis of transfers between funds
**----- End of picture text -----**
|**7 Analysis of transfers between funds**||||||| |---|---|---|---|---|---|---| ||**Unrestricted **
**Funds**|**Restricted **
**Fund/s**|**Endowed **
**Fund/s**|**Total Funds**|_Total Funds_|| |||||**2022**|_2021_|**_Notes_**| ||£|£|£|**£**|_£_|| ||-|-|-|**-**|_-_|| ||**-**|**-**|**-**|**-**|_-_|| |||||||| 15 ## **Notes to the financial report (continued)** ## **8 Fixed Assets** ## **a Investments** |**8 Fixed Assets**
**a Investments**|||||| |---|---|---|---|---|---| ||**Unrestricted**|**Restricted**|**Endowed **|**Total Funds**|| ||**Fund**|**Fund/s**|**Fund/s**|**2022**|**_Notes_**| |Market value 1 January 2022
Disposals at carrying value
Deposit account interest accumulated
Net gains and revaluation|£
456,238
(15,000)
4,481
(4,062)|£
-
-
-
-|£
3,000
-
-
-|**£**
**459,238**
**(15,000)**
**4,481**
**(4,062)**|| |**Market value 31 December 2022**|**£441,657**|**-**|**£3,000**|**£444,657**|| Investments at 31 December 2022 included £345,121 held in a CBF Church of England deposit account ## **b Tangible fixed assets** |**b Tangible fixed assets**|||||| |---|---|---|---|---|---| ||**Freehold land **
**and buildings**|**Audio visual**
**equipment **|**Equipment**|**Total fixed**
**assets**|**_Notes_**| |**Cost or valuation**
At 1 January 2022
Additions
Disposals
Revaluation
Prior Year adjustment|£
-
-
-
-
-|£
-
894
-
-
-|£
8,444
12,564
-
-
-|**£**
**8,444**
**13,458**
**-**
**-**
**-**|| |At 31 December 2022|**-**|**894**|**21,008**|**21,902**|| |**Depreciation**
At 1 January 2022
Charge for the Year
Disposals
Revaluation|-
-
-|-
(224)
-
-|(557)
(1,535)
-
-|**(557)**
**(1,759)**
**-**
**-**|| |At 31 December 2022|**-**|**(224)**|**(2,092)**|**(2,316)**|| |**Net book amounts**
**At 31 December 2022**|**-**|**£671**|**£18,916**|**£19,586**|| |_At 31 December 2021_|_-_|_-_|_£7,887_|_£7,887_|| 16 Notes to the financial report 9 Ana￿$]$ of net assets by fund Unrestrirted Funds Restricted Fund/$ Endowed Fundls Total Funds TotalFunds 2021 Notes Fixed assets for churth use 19,586 19,596 7,887 Investment fixed assets 438.657 44L657 459.238 Curre nt assets lexcept cashl Cash at bank 134.125 2.075 29,(V2 Debtors 24,332 24,332 Curre nt liabilities 110,5311 (10.5311 Long term liabilitie5 £￿,169 £4( £2,075 £614244 £496,127 10 Debtors Unrestrlctèd Restrlctad Fund15 Endowed Fundls Total Funds TotulFunds Funds 2021 Notes Income tax recoverable 3.986 5,876 Prep2yments and accrued income Chidham PCC loan 596 596 315 19,7 19.750 other debtors £24,332 4,332 £6.191 11 Tredltors.. amounts falllng due wFthSn one year Unrestrlcted Funds Rastrlct8d Fund/s Endowed Fundls Total Funds TotalFunds 2021 Notes Defe rred income Accruals for utilities and other costs 1,049 2, 772 other creditor5 9,482 £10,531 £10,531 £3, 772 12 Credltors.. amounts falllng due after more than one year Unrestrlttèd Funds Restrlctad Fund/s Endowed Fundls Total Funds TotulFunds 2021 Notes Defe rred income Accruals for utilities and other costs other creditors 17 ## **Notes to the financial report** ## **13 Statement of funds** |||**Balances**
**b/fwd**
**1 Jan 2022**|**Income**|**Expenditure**|**Transfers,**
**other gains**
**and losses **|**Balances**
**c/fwd**
**31 Dec 2022**|**_Notes_**| |---|---|---|---|---|---|---|---| |||£|£|£|£|**£**|| ||Parkinson|3,000|-|-|-
-|_3,000_
_-_|| ||**Total of all endowed funds**|**3,000**|**-**|**-**|**-**|3,000|| ||Raise the Roof Fund
Mothers and Toddlers Fund
Sunday School fund
Choir Fund
West Stoke Churchyard Fund|1,563
250
224
38
**-**|**-**
-
-
-
122|**-**
-
-
-
(122)|**-**
-
-
-
-|1,563
250
224
38
-|| ||**Total of all restricted funds**|**2,075**|**122**|**(122)**|**-**|**2,075**|| ||General Fund
Sennicotts fund
Organ Appeal surplus
Roof and Church Repairs
Dora Smith Fund|184,030
4,925
4,516
300,000
**-**|91,784
-
-
23,290
244,216|(94,262)
(974)
-
(142,265)
(2,028)|(4,062)
-
-
-
-|177,489
3,951
4,516
181,025
242,188|_17_| ||**Total of all unrestricted funds**|**493,471**|**359,290**|**(239,529)**|**(4,062)**|**609,169**|| ||||||||| ||**Total funds**|**£498,546**|**£359,412**|**£(239,652)**|**£(4,062)**|**£614,244**|| ## **14 Analysis of cash and cash equivalents** ||**Total Funds**|_Total Funds_|| |---|---|---|---| ||**2022**|_2021_|**_Notes_**| ||**£**|_£_|| |Cash in hand
Notice deposits (less than 3 months)|**136,200**
**-**|_29,002_
_-_|| |**Total cash and cash equivalents**|**£136,200**|_£29,002_|| ||||| 18 **Notes to the financial report (continued)** ## **15 Trustee and related party transactions** No trustees were remunerated for their role as trustees. Rev. Andrew Birks received a stipend from the Diocese as the priest in charge Seven trustees have together received £4,731 in expenses. All expenses were directly related to the charitable activities of the PCC. Expenses paid covered: travel for trustees and visiting clergy; cash required for bell ringers; supplies required for fundraising; gifts for helpers; costs incurred for providing hospitality as part of church ministry; office supplies and candles; supplies required for undertaking church maintenance and cleaning. ## **16 Staff costs and employee benefits** The church has employed 3 staff. ## **17 Dora Smith Fund** The Dora Smith fund is for the management of a specific legacy , designated for use for ' _religious purposes in the parish as the parochial church council in their discretion think fit_ '. ## **18 Change of accounting method** An adjustment has been made to the 2021 year end figures to account for the way both fixed assets and debtors and creditors are handled in Accruals accounting. 19 INDEPENDE1￿ EXAMtNER'S REPORT TO The Parocbial Chur¢h Council of the Eteksi￿ Paiish of Funtimglon with W¢st Stoke SenDi¢otts I report on th¢ 8wounts of the Par￿h181 Church Council IPCC) for th¢ y¢8r ¢ndeJJ 3 1st December 2022. which are set out on pages 7 to 19. Re8pon8lbilities ADd bwls of report As the members of the PCC. you are rtsry)nsible for the prepar￿lon of the acLx)unts in ac¢ordance with the requirements of the ChaFiti¢s Act 2011 {'the A¢t'). I report in rw of my examination of the a¢¢ounts caried out under Section 145 of thc 2011 ACL and in carrying out my ¢xamin8tion I have followed ail the applicable Directions given by th¢ Charity Commission Under se¢tion 145(SXb) of the ACL Indep¢nd¢nt ex*mlDer'g 8tgtemut The gross income exce¢d￿ £250,0(KJ and l am qualified to undertake the cxamination by being a member of the tnstitute of Chartered Acwunlants in England & Walas I hav¢ ¢ornplet¢d my examination. I confirn) that ￿ material matters have ¢ome to my attention in conne¢tion with the examination which gives me cause to believe thaL in any material respxt .' the accounlin8 records were not kept in accordance with section 130 of the Charitics A¢. or the ￿CoUnts did not accord with the ￿oUntIng records. or the accounts did nol comply with the applicable requirements {￿ncerning the forni and content set out in th¢ Charities {Accounts and Re￿rts) Regulations 2008 other than any requir¢m¢nt that the ￿COUnts 8ivc a 'truc and fair, view. which is not a matter considered as part of an independent examination. I hav¢ no ¢oncerns and have come xross no other matters in ￿nne¢tion with the examinatlon to which attention should be drawn in this reFOrt in ordcr to ¢nable a propu underswiding of the acwunts to be reached. Signed: Date: I l March 2023 Christopher P¢xton FCA 5 Tuffs Hard Bosham Hoc Chichester P018 8ET 20