REGISTERED CHARITY NUMBER: 1180563
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2022
for
The Parish of Nork with Burgh Heath
Ark Accountancy Chartered Certified Accountant 31 Cheam Road Epsom Surrey KT17 1QX
The Parish of Nork with Burgh Heath
Contents of the Financial Statements for the Year Ended 31 December 2022
| Page | |
|---|---|
| Report of the Trustees | 1to5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9to 15 |
| Detailed Statement of Financial Activities | 16 to 17 |
The Parish of Nork with Burgh Heath
for the Year Ended 31 December 2022
Report of the Trustees
The trustees present their report with the financial statements of the charity for the year ended 31 December 2022. The trustees have adopted the provisions of 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) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The Parish is part of the Diocese of Guildford, and in the Deanery of Epsom.
With the development of structures of the Parish each church has local objectives and activities.
Public benefit
The PCC are aware of the Charity Commission's guidance on public benefit in "The advancement of religion for the Public Benefit" and have had regard to it in their administration of the churches.
The PCC believes that by promoting the Christian faith it provides a benefit to the public by:
-
providing facilities for public worship, pastoral care and spiritual development, both for existing church members and for anyone who wishes to benefit from what the churches offer; and
-
promoting Christian values, and service by members of the churches in and to their communities, to the benefit of individuals and society as a whole.
Volunteers
The PCC is very reliant on volunteers to carry out all its activities. However, it is not possible to place any monetary value on the contribution of volunteers.
Page 1
The Parish of Nork with Burgh Heath
for the Year Ended 31 December 2022
Report of the Trustees
ACHIEVEMENT AND PERFORMANCE Charitable activities
Parish Ministries
Mission Partners
During 2022, 5% of giving to the parish was shared out between our 6 mission partners, who are also supported by regular prayer and relationship with the church family.
-
The Baxter's African Children's School Educational Charitable Trust (an international mission partner)
-
Bridges Nepal, the projects which Yagya and Sally Singh work (an international mission partner)
-
Open Doors, who support persecuted Christians across the world (an international mission partner)
-
Christians Against Poverty (a national mission partner - supporting those struggling with finances across the UK)
-
Street Pastors and in particular Sutton Street Pastors (a national and local mission partner)
-
London City Mission (a local mission partner)
The remaining 5% (to make up 10% of giving received to the parish being spend on mission) was put towards local mission in the parish, due to the privilege of having a curate for 3 years.
As well as this, the following one-off gifts were given to support mission agencies, using monies raised from fundraising events:
-
A' Rocha £153.23
-
Christian Aid £462
-
Macmillan £257
Messy Church : has been running since 2014, now in its seventh year of being part of the Sunday morning service.
Community Alive : the contemporary family service, runs once a month (on the 2nd Sunday) at St. Paul's, at 9 am
Forest Church : a fresh-expression, runs once a month, except in the winter (on the fourth Sunday) in the St. Paul's 'Backlands' ( behind the church hall), at 3pm.
Whole Parish Services : occur each month, on the fourth Sunday of the month, at 10 am, with some additional whole parish services for special occasions or seasons. Both churches pause their usual services for this week and enjoy being as one family all together.
REFRESH@10: is a monthly Saturday coffee morning open to all. It seeks to support the local community and is well attended by them.
Little Roots : Our Parish Toddler Group, 'Little Roots' runs on Tuesday mornings every week in term time, from 9am11am.
Craft Mornings: We run half-termly craft mornings for children & families in the local area, where they can come and work on crafts and receive refreshments.
Prayer Meetings: Regular prayer meetings are monthly, usually on the 2nd Tuesday of the month and other prayer events occur for specific purposes or times of need. There is a St. Mary's prayer group who meet on Monday mornings for pastoral prayer support of members of the church family.
Connect groups: Several connect groups meet in the parish, either weekly or fortnightly.
Courses: During 2022 we ran the Listening Course and a Lent course in the parish.
Nursing Homes : Monthly services are run at Montclair and Banstead Manor Nursing homes and Alex visits for pastoral and other mee tings at additional times. Bible studies series have also been run twice at Banstead Manor during 2022.
Schools : Links with the Warren Mead schools and Aberdour Prep and Pre-Prep have continued. Alex continues to be one of the Governing Body members for both Warren Mead Infant and Junior schools.
Page 2
The Parish of Nork with Burgh Heath
for the Year Ended 31 December 2022
Report of the Trustees
Charities: Regular food bank collections have been an important part of 2022, supporting the Epsom & Ewell foodbank and the parish collected 92 boxes for Operation Christmas Child in November.
Banstead Five : The Parish of Nork with Burgh Heath is a member of the Banstead Five, a group of local churches seeking to serve the area of Banstead together.
FINANCIAL REVIEW
Financial position
The parish was formed on 1 July 2018 from the Parish of St Paul's Nork and part of the Parish of St Paul's Howell Hill with St Mary's Burgh Heath. As a result, the new parish has been blessed with reserves inherited from each of its two constituent churches. The totality and make up of those reserves can be found in the detail of the accounts outlined in this report. The PCC's accounts comprise a number of funds - the General Fund and other specific funds relating to particular activities.
Funds
The General Fund produced an overall deficit for the year of £20,915 (2021 £29,955). During the year £4895.32 has been given to our 6 parish mission partners. The PCC agreed at the start of 2022 that for the 3 years of having David Packham as our Curate, the 10% of missional giving in the parish would be split between the mission partners (5%) and local mission in the parish (5%).
The Restricted Funds produced an overall deficit for the year of nil (2021 £11,773). Transfers of £855 were made form the Vicar's discretionary fund and property income fund to general reserves as these are no longer being used. Giving in the period (including tax recoveries of £24,119) amounted to £131,118 (2021 £118,311). The PCC now allocates yearly a fund to be spent as the Vicar's Discretionary fund.
The balance on the General Fund at the end of 2022 amounted to £199,703 (2021: £219,763) of which £81,472 (2021: £96,753) is to improve the ambience and usability of our buildings. This means that in terms of free reserves, the General Fund amounts to £118,231
Grants and Donations
Grants of nil (2021 £20,549) were made to partner and other agencies.
Strategic Development Fund
Reference was made earlier to an amount of £81,472 designated to improve the environment for worship in our buildings to make them fit for greater community use and to develop our links in the community. There is a development plan in place and we continue to invest in our buildings, using this fund, which will reduce further over the coming year.
Reserves policy
Day to day running costs of the parish are generally met from current income (donations), and therefore the PCC does not hold significant free reserves. The current PCC policy is to hold free reserves of at least £50,000. As noted above, current free reserves are £125,211.
Policy for key management personnel remuneration
The three paid staff members of the parish are the Vicar, Revd Alex Stevens, the Curate, Revd David Packham and the Operations Manager, Michelle Cahill. There is also a cleaner who is on the payroll and employed for a few hours a week.
Revd Alex Stevens took up her post on 10 April 2019. She is licensed by the Bishop of Guildford, remunerated in accordance with the stipend rates in place for Church of England clergy and is paid directly by the Church Commissioners, administered by the Diocese of Guildford. The vicar's stipend is covered by the parish share paid to the Diocese of Guildford.
Revd David Packham took up his post on 3rd July 2022. He is licensed by the Bishop of Guildford, remunerated in accordance with the stipend rates in place for Church of England clergy and is paid directly by the Church Commissioners, administered by the Diocese of Guildford. As this is a training role the curate's stipend is covered by the Diocese of Guildford.
Michelle Cahill took up her post on 6th April 2021. She is paid by the parish, including NI and pension contributions.
Page 3
The Parish of Nork with Burgh Heath
for the Year Ended 31 December 2022
Report of the Trustees
FUTURE PLANS
The PCC and the Standing Committee regularly review the activities and programmes in place throughout the parish to seek to ensure the stated aims and objectives are met.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a constitution, and constitutes a charitable incorporated organisation, a charity registered as a body corporate under part 11 of the Charities Act 2011.
Organisational structure
The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. The PCC was registered with the charity commission on 5 November 2018, under charity number 1180563.
The appointment of PCC members is governed by and set out in the Church Representation Rules.
The PCC is made up of elected members. Elected members are elected by the Annual Parochial Church Meeting, and serve for a term of 3 years. Elected members are eligible for re-election, but may only serve for a maximum of 2 terms in succession. Other church members may be co-opted to the PCC primarily to cover particular areas of expertise that are deemed necessary for the functioning of the PCC e.g. Finance, Premises.
PCC members are provided with guidance on the role of trustees. In addition, PCC Members receive a document detailing their responsibilities as members of the PCC and receive ongoing guidance as necessary. The frequency of PCC meetings is currently 9 times a year where the PCC oversees the strategic direction of the Parish and approves policy and budgets. The Standing Committee meets at intervals as required between PCC meetings to deal with administrative matters as they arise. The Wardens and the Vicar meet monthly.
Names of all the members of the PCC who have served in the period from 1 January 2022 to the date of this report are as follows:
| Clergy: | Alex Stevens |
|---|---|
| Church Wardens: | Christopher Moore (until April 2022) |
| George Drewitt | |
| Sue Wharton (from April 2022) | |
| Diocesan Synod Member: | Alex Stevens, Vicar |
| Deanery Synod Members: | Neill Oakley |
| Andrew Shaw | |
| David Packham (from July 2022) | |
| Alex Stevens, Vicar | |
| PCC Members: | Revd Alex Stevens (Vicar) |
| Sue Wharton (ex officio) | |
| George Drewitt (ex officio) | |
| Neill Oakley (ex officio) | |
| Andrew Shaw (ex officio) | |
| Theresa Allen | |
| Tomos Davies (Treasurer from April 2022) | |
| Christopher Moore | |
| Sylvia Henze | |
| Piers Clark (Treasurer until April 2022) | |
| Morna Moore | |
| Judy Parnall | |
| David Packham | |
| Barclays Bank plc of 136 High Street, Banstead, Surrey | |
| Bankers: | SM7 2NY |
Page 4
The Parish of Nork with Burgh Heath
for the Year Ended 31 December 2022
Report of the Trustees
STRUCTURE, GOVERNANCE AND MANAGEMENT
Risk management
The PCC reports that it has given consideration to the risks faced by the churches. The major risks that the churches are exposed to relate to people, including safeguarding of children and vulnerable adults. The PCC has formal controls in place, working with the Diocese of Guildford, to manage these risks. During the global COVID19 pandemic of 2020-2021 the churches followed closely the guidance from the Diocese and undertook services (when allowed) using appropriate social distancing measures, or undertook services virtually. At the beginning of 2022
some safety measures remained. Other main risks relate to financial matters, compliance with legal and statutory requirements and the activities of the parish. The PCC has policies and procedures in place to manage all these risks.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1180563
Principal address
St Paul's Church Warren Road Banstead Surrey SM7 1LG
Trustees
Rev A L Stevens Vicar Rev D A J Packham Curate (appointed 3.7.22) C A Moore ex officio J N G Oakley ex officio A Shaw ex officio Ms T M Allen T Davies Treasurer Ms M Y Moore Mrs J S Parnall Mrs S L Wharton ex officio (appointed 25.4.22) G F J Drewitt ex officio Miss S N Henze P Clark Treasurer (resigned 30.4.22)
Independent Examiner
Mary E Ryan Ark Accountancy Chartered Certified Accountant 31 Cheam Road Epsom Surrey KT17 1QX
Approved by order of the board of trustees on 24 April 2023 and signed on its behalf by:
Rev A L Stevens - Trustee
Page 5
Independent Examiner's Report to the Trustees of The Parish of Nork with Burgh Heath
Independent examiner's report to the trustees of The Parish of Nork with Burgh Heath
I report to the charity trustees on my examination of the accounts of The Parish of Nork with Burgh Heath (the Trust) for the year ended 31 December 2022.
Responsibilities and basis of report
As the charity trustees of the Trust 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 Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
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:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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.
Mary E Ryan
Ark Accountancy Chartered Certified Accountant 31 Cheam Road Epsom Surrey KT17 1QX
24 April 2023
Page 6
The Parish of Nork with Burgh Heath
Statement of Financial Activities
for the Year Ended 31 December 2022
| Unrestricted Notes funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 131,128 Charitable activities Events & activities 2,002 Investment income 2 30,524 Total 163,654 EXPENDITURE ON Charitable activities General activities - Ministry costs 90,996 Church running 53,202 Support costs 40,371 Total 184,569 NET INCOME/(EXPENDITURE) (20,915 ) Transfers between funds 9 855 Net movement in funds (20,060 ) RECONCILIATION OF FUNDS Total funds brought forward 219,763 TOTAL FUNDS CARRIED FORWARD 199,703 |
Restricted funds £ - - - - - - - - - - (855) (855) 412,575 411,720 |
31.12.22 Total 31.12.21 Total funds £ funds £ 131,128 118,311 2,002 1,125 30,524 36,461 163,654 155,897 - 20,549 90,996 76,499 53,202 61,585 40,371 38,988 184,569 197,621 (20,915 ) (41,724 ) - - (20,915 ) (41,724 ) 632,338 674,062 611,423 632,338 |
|---|---|---|
The notes form part of these financial statements
Page 7
The Parish of Nork with Burgh Heath
Balance Sheet
31 December 2022
| Notes FIXED ASSETS Tangible assets 6 CURRENT ASSETS Debtors 7 Cash at bank and in hand CREDITORS Amounts falling due within one year 8 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS Unrestricted funds 9 Restricted funds TOTAL FUNDS |
Unrestricted funds £ - 17,539 190,383 207,922 (8,219 ) 199,703 199,703 199,703 |
Restricted funds £ 411,720 - - - - - 411,720 411,720 |
31.12.22 Total funds £ 411,720 17,539 190,383 207,922 (8,219 ) 199,703 611,423 611,423 199,703 411,720 611,423 |
31.12.21 Total funds £ 411,720 9,859 221,576 231,435 (10,817 ) 220,618 632,338 632,338 219,763 412,575 632,338 |
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 24 April 2023 and were signed on its behalf by:
A L Stevens - Trustee
The notes form part of these financial statements
Page 8
The Parish of Nork with Burgh Heath
Notes to the Financial Statements for the Year Ended 31 December 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
- PA & computer equipment at varying rates on cost
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives 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.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity’s pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
Page 9
The Parish of Nork with Burgh Heath
Notes to the Financial Statements - continued
for the Year Ended 31 December 2022
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 31.12.22 | 31.12.21 | |
| £ | £ | |
| Rents received | 30,338 | 35,137 |
| Deposit account interest | 186 | 1,324 |
| 30,524 | 36,461 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021. Revd Alex Stevens and Revd David Packham are trustees, but their stipend is paid by the Church of England
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021. Trustees are re-imbursed for items purchased for the parish when this is requested.
4. STAFF COSTS
The average monthly number of employees during the year was as follows:
5.
| 31.12.22 | 31.12.21 | |||
|---|---|---|---|---|
| Administration | 2 | 1 | ||
| No employees received emoluments in excess of £60,000. | ||||
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL | ACTIVITIES | |||
| Unrestricted | Restricted | Total | ||
| funds | funds | funds | ||
| £ | £ | £ | ||
| INCOME AND ENDOWMENTS FROM | ||||
| Donations and legacies | 118,311 | - | 118,311 | |
| Charitable activities | ||||
| Events & activities | 1,125 | - | 1,125 | |
| Investment income | 19,061 | 17,400 | 36,461 | |
| Total | 138,497 | 17,400 | 155,897 | |
| EXPENDITURE ON | ||||
| Charitable activities | ||||
| General activities | 19,949 | 600 | 20,549 | |
| Ministry costs | 76,499 | - | 76,499 | |
| Church running | 33,012 | 28,573 | 61,585 | |
| Support costs | 38,988 | - | 38,988 | |
| Total | 168,448 | 29,173 | 197,621 | |
| NET INCOME/(EXPENDITURE) | (29,951 ) | (11,773 ) | (41,724 ) |
continued...
Page 10
The Parish of Nork with Burgh Heath
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 6. TANGIBLE FIXED ASSETS COST At 1 January 2022 Additions Disposals At 31 December 2022 DEPRECIATION At 1 January 2022 Charge for year Eliminated on disposal At 31 December 2022 NET BOOK VALUE At 31 December 2022 At 31 December 2021 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Tax Prepayments |
Unrestricted funds £ 249,714 219,763 Freehold property £ 411,720 - - 411,720 - - - - 411,720 411,720 |
Restricted funds £ 424,348 412,575 PA & computer equipment £ 7,482 1,793 (688) 8,587 7,482 1,793 (688) 8,587 - - 31.12.22 £ 330 14,323 2,886 17,539 |
Total funds £ 674,062 632,338 Totals £ 419,202 1,793 (688) 420,307 7,482 1,793 (688) 8,587 411,720 411,720 31.12.21 £ 1,290 6,331 2,238 9,859 |
Total funds £ 674,062 |
|---|---|---|---|---|
continued...
Page 11
The Parish of Nork with Burgh Heath
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade creditors Taxation and social security Other creditors MOVEMENT IN FUNDS Unrestricted funds General fund St Paul's development fund St Mary's Fit for Mission & Vision Fund Missional Purposes Fund The General Development Fund Restricted funds Fixed Asset Fund Vicar's discretionary fund Property income fund TOTAL FUNDS Net movement in funds, included in the above are as Unrestricted funds General fund Missional Purposes Fund The General Development Fund TOTAL FUNDS |
At 1.1.22 £ 120,004 62,709 34,044 3,006 - 219,763 411,720 471 384 412,575 632,338 follows: |
Net movement in funds £ (2,628 ) - - (3,006 ) (15,281 ) (20,915 ) - - - - (20,915 ) Incoming resources £ 163,654 - - 163,654 163,654 |
31.12.22 31.12.21 £ £ 5,479 7,176 511 548 2,229 3,093 8,219 10,817 Transfers between At funds £ 31.12.22 £ 855 118,231 (62,709 ) - (34,044 ) - - - 96,753 81,472 855 199,703 - 411,720 (471) - (384) - (855) 411,720 - 611,423 Resources expended £ Movement in funds £ (166,282 ) (2,628 ) (3,006 ) (3,006 ) (15,281 ) (15,281 ) (184,569 ) (20,915 ) (184,569 ) (20,915 ) |
|---|---|---|---|
9. MOVEMENT IN FUNDS
continued...
Page 12
The Parish of Nork with Burgh Heath
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
9. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund Repairs & maintenance fund St Paul's development fund St Mary's Fit for Mission & Vision Fund Missional Purposes Fund Restricted funds Fixed Asset Fund Vicar's discretionary fund Property income fund TOTAL FUNDS |
Net movement At At 1.1.21 £ in funds £ 31.12.21 £ 125,211 (5,207 ) 120,004 5,774 (5,774 ) - 62,709 - 62,709 34,044 - 34,044 21,976 (18,970 ) 3,006 249,714 (29,951 ) 219,763 411,720 - 411,720 1,071 (600) 471 11,557 (11,173 ) 384 424,348 (11,773 ) 412,575 674,062 (41,724 ) 632,338 |
|---|---|
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Repairs & maintenance fund Missional Purposes Fund Restricted funds Vicar's discretionary fund Property income fund TOTAL FUNDS |
Incoming resources £ 138,497 - - 138,497 - 17,400 17,400 155,897 |
Resources expended £ Movement in funds £ (143,704 ) (5,207 ) (5,774 ) (5,774 ) (18,970 ) (18,970 ) (168,448 ) (29,951 ) (600) (600) (28,573 ) (11,173 ) (29,173 ) (11,773 ) (197,621 ) (41,724 ) |
|---|---|---|
continued...
Page 13
The Parish of Nork with Burgh Heath
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
9. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Repairs & maintenance fund St Paul's development fund St Mary's Fit for Mission & Vision Fund Missional Purposes Fund The General Development Fund Restricted funds Fixed Asset Fund Vicar's discretionary fund Property income fund TOTAL FUNDS |
At 1.1.21 £ 125,211 5,774 62,709 34,044 21,976 - 249,714 411,720 1,071 11,557 424,348 674,062 |
Net movement Transfers between At in funds £ funds £ 31.12.22 £ (7,835 ) 855 118,231 (5,774 ) - - - (62,709 ) - - (34,044 ) - (21,976 ) - - (15,281 ) 96,753 81,472 (50,866 ) 855 199,703 - - 411,720 (600) (471) - (11,173 ) (384) - (11,773 ) (855) 411,720 (62,639 ) - 611,423 |
|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Repairs & maintenance fund Missional Purposes Fund The General Development Fund Restricted funds Vicar's discretionary fund Property income fund TOTAL FUNDS |
Incoming resources £ 302,151 - - - 302,151 - 17,400 17,400 319,551 |
Resources expended £ Movement in funds £ (309,986 ) (7,835 ) (5,774 ) (5,774 ) (21,976 ) (21,976 ) (15,281 ) (15,281 ) (353,017 ) (50,866 ) (600) (600) (28,573 ) (11,173 ) (29,173 ) (11,773 ) (382,190 ) (62,639 ) |
|---|---|---|
continued...
Page 14
The Parish of Nork with Burgh Heath
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2022.
Page 15