**Charity number: 1182343**
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN, LEWISHAM**
**REPORT AND UNAUDITED ACCOUNTS for the year ended 31 December 2022**
**Field Sullivan Limited Chartered Accountants 9 Hare & Billet Road London SE3 0RB**
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN, LEWISHAM**
**Status:** Charity registration number 1182343 **Incumbent:** Revd Steve Hall **Address:** 346 Lewisham High Street Lewisham London SE13 6LE **PCC members:** Rev Stephen Hall Fr. Max Marsh (Curate) Joan McKenzie Jennifer Henry Annette Moses Chikere Ibokwe Trevor Dixon Joy Ivacovic Mark Symons (appointed, 9 May 2022) Heather Barclay Julia Pring Allister Walker Clara Kalu Sean Knight Marion Watson (Lay-reader) Paul Wynter (Lay-reader) Monica Smith (SPA) Elizabeth Evans (SPA) Wendy Dean (SPA) Marcia McKenzie (appointed, 9 May 2022) Chris Stringfellow (appointed, 9 May 2022) Peter Larking (appointed, 9 May 2022) **Independent examiner:** Field Sullivan Limited Chartered Accountants 9 Hare & Billet Road London SE3 0RB **Bankers:** Nat West 159 Rushey Green Catford London SE6 4BJ
Page 1
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN, LEWISHAM**
Report of the Parochial Church Council for the year ended 31 December 2022
The Parochial Church Council present their report and financial statements for the year ended 31 December 2022.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Parochial Church Council (Powers) Measure 1956, the Church Accounting Regulations 2006, the Charities Act 2011 and "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 from 1 January 2019).
## **Aims, Objectives and Activities**
In accordance with the PCC (Powers) Measure 1956, the PCC of St Mary the Virgin is responsible for working with the incumbent in promoting the mission of the church - summarised in its Renewal programme 2015 based on Bishop Christopher’s Faith, Hope and Love, and its revised Renewal programme 2020. The PCC seeks to shape all it does so as to support this mission – through the staff it employs, the financial support it offers to individuals and other entities, the groups that meet each week, also the way the PCC itself is organised and sets its agenda.
St Mary's Parochial Church Council has the responsibility of co-operating with the incumbent, the Fr Steve Hall, in promoting in the parish the whole mission of the church, pastoral, evangelistic, social and ecumenical. It also has maintenance responsibilities for the church complex of St Mary the Virgin, Lewisham.
The Parochial Church Council have paid due regard to guidance issued by the Charity Commission in deciding what activities the Church should undertake.
In common with many churches, the charity is heavily reliant on volunteers who assist in many aspects of church life. The value of their input cannot be quantified and the trustees are very grateful to all those who give of their services voluntarily.
## **Achievements and performance**
There are 124 parishioners on the Church Electoral Roll, 76 of whom are resident outside the parish. 4 names were removed during the year either through death or because they moved away from the parish.
St Mary the Virgin has remained committed to its vision of Renewal through regular Sunday services, midweek activities, open church, its Therapeutic Garden, special events, and by the life and witness of members of the congregation.
Church members have continued to be encouraged to grow in their faith and in mutual spiritual care and concern, meeting together in various small groups over Zoom. The impact of Covid over the past 2 years has been immense, both negative and positive. Being closed in the lockdowns led to a major drop in income, while numbers attending since reopening are still around 25% down on pre-covid attendance. On the other hand, our online presence has grown greatly and is valued by many, even in other countries. Attendance and income continue to improve, but not yet to pre-covid levels.
Page 2
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN, LEWISHAM**
Report of the Parochial Church Council for the year ended 31 December 2022
Regular reports from the various sub-groups of the PCC have been presented to the Council covering areas of Finance, Management, Buildings, and various areas of ministry within the life of the church.
## **Public benefit statement**
The Trustees confirm that they have had due regard to the public benefit guidance published by the Charity Commission in determining the activities undertaken by the Charity.
## **Financial review**
St Mary's depends on the generosity of the congregation to meet its financial needs. The results for the year are set out in the Statement of Financial Activities. A surplus on unrestricted funds of £2,170 arose in the year (2021 surplus of £1,124).
It is the policy of the Church that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditure. The Parochial Church Council considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Church's current activities while consideration is given to ways in which additional funds may be raised. Three months unrestricted expenditure amounts to approximately £23,500 and while the unrestricted fund balance in net current assets amounted to £11,796 (2021: £9,626) the Parochial Church Council are giving consideration to how additional funds may be raised and reserves strengthened.
The Parochial Church Council has assessed the major risks to which the Church is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
## **Structure, governance and management**
The Parochial Church Council is a corporate body established by the Church of England. The Parochial Church Council operates under the Parochial Church Council (Powers) Measure 1956. The PCC of St Mary the Virgin Church is a registered charity (1182343), formally registered 6 March 2019.
St Mary the Virgin Parish Church is situated at 346 Lewisham High Street, London SE13 6LE. It is in the East Lewisham Deanery of the Diocese of Southwark.
Reference and administrative information is provided on the page following the cover sheet.
Members of the PCC are either ex-officio or elected by the Annual Parochial Church Meeting in accordance with the Church Representation Rules. Members of the PCC are the trustees of the Church charity.
Page 3
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN, LEWISHAM**
Report of the Parochial Church Council for the year ended 31 December 2022
PCC members who have served from 1 January 2022 until the date this report was approved are:
|Vicar:|Fr. Stephen P Hall (Chair)|
|---|---|
|Other Licensed Ministers:|Fr. Max Marsh (Curate)|
|Readers:|Marion Watson|
||Paul Wynter|
|Wardens:|Joan McKenzie|
|Southwark Pastoral Auxiliaries (SPAs):|Monica Smith|
||Liz Evans|
||Wendy Dean|
|Elected Representative on Diocesan Synod:|Jennifer Henry|
|Elected Representatives on Deanery Synod:|Jennifer Henry|
||Julia Pring|
|Elected Members of the PCC:|Joy Ivackovic (Lay Chair)|
||Mark Symons (Treasurer)|
||Heather Barclay|
||Annette Moses|
||Trevor Dixon|
||Chris Stringfellow|
||Clara Kalu|
||Marcia McKenzie|
||Allister Walker|
||Chikere Igbokwe|
||Sean Knight|
||Peter Larking|
The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. There were six meetings of the full PCC during 2022 and in addition, there are committees which flow from the PCC and other groups which oversee the work of the church which met with varying frequency throughout the year. Reports from these committees and groups were received by the full PCC and discussed where necessary. Reports can be found in the PCC minutes and in the report to the Annual Parochial Church Meeting.
The Standing Committee is required by law and has power to transact business of the PCC between meetings, subject to PCC directions. Members include the Vicar, the Curate, the Lay Chair, the Church Warden, Secretary and Treasurer. Day-to-day management of the church and its staff team is delegated to the incumbent.
The method of appointment of PCC members is set out in the Church Representation Rules. All church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC.
Page 4
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN, LEWISHAM**
Report of the Parochial Church Council for the year ended 31 December 2022
## **Lewisham Parochial and Almshouse Charities**
The Lewisham Parochial and Almshouse Charities is a Trust which is separate to the Church and administers the following charities: Lewisham Relief in Need (1025779) Lewisham Education Charity (1025785) Lewisham Almshouse Charity of John Thackeray (1025792) Lewisham General Trust (1025794) and Lewisham Almshouse Charities of William Hatcliffe & Abraham Colfe (228514)
The PCC and Lewisham Council have the power to appoint trustees. The vicar and church warden are ex officio trustees. The Trust also has a Clerk who is not a trustee. The Treasurer of the Lewisham Parochial and Almshouse Charities is also Treasurer of the Trust. The Trust is an umbrella charity to manage the charities set out above. In summary, the purpose of the Relief in Need, Education, and General charities the provision of grants to individuals and organisations. The purpose of the John Thackeray, and William Hatcliffe & Abraham Colfe charities is to provide almshouses. Relief in Need also provide almshouses.
## **Statement of PCC members' responsibilities**
The PCC members, as charity trustees, are responsible for preparing the Annual Report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and the incoming resources and application of resources of the charity for that period. In preparing those financial statements, the trustees are required to:
a) select suitable accounting policies and apply them consistently; b) observe the methods and principles in the Charities SORP;
c) make judgments and estimates that are reasonable and prudent;
d) state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements;
e) prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity, and which enable them to ensure that the financial statements comply with the Charities Act 2011 and the Church Accounting Regulations 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report was approved by the PCC and signed on its behalf on ............................................... by:
_________________________ _________________________
Page 5
FIELD SULLIVAN•CHARTERED ACCOUNTANTS
## **Independent Examiner’s Report to the Trustees of THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN, LEWISHAM**
I report to the trustees on my examination of the financial statements of The Parochial Church Council of St Mary The Virgin, Lewisham (‘the charity’) for the year ended 31 December 2022 which comprise the Statement of Financial Activities, the Balance Sheet and related notes.
This report is made solely to the charity’s trustees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for my work, for this report, or for the opinions I have formed.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently I express no opinion as to whether the financial statements present a ‘true and fair’ view and my report is limited to those specific matters set out in the independent examiner’s statement.
## **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 charity as required by section 130 of the Act; or
- the financial statements do not accord with those records; or
- the financial statements 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 financial statements to be reached.
Kirsty Nicholls FCCA Date: Field Sullivan Limited Chartered Accountants 9 Hare & Billet Road London SE3 0RB
Field Sullivan Limited Registered in England no. 8024052
Page 6
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN, LEWISHAM**
Statement of Financial Activities for the year ended 31 December 2022
|**Note**
**Income from:**
Donations and legacies
2
Charitable activities
3
Investments
4
**_Total incoming resources_**
**Expenditure on:**
Charitable activities
5
**_Total resources expended_**
Net gains/(losses) on investment assets
10
**_Net income/(expenditure)_**
**Transfers between funds**
14
**_Net movement in funds_**
**Reconciliation of funds**
Total funds brought forward
**_Total funds carried forward_**
14|**Endowment**
**Funds**
**£**
-
-
-
-
-
-
(8,968)
(8,968)
-
(8,968)
75,577
66,609|**Restricted**
**Funds**
**£**
38,675
504
2,194
41,373
162,547
162,547
-
(121,174)
-
(121,174)
269,979
148,805|**Unrestricted**
**Funds**
**£**
91,727
4,563
-
96,290
94,120
94,120
-
2,170
-
2,170
9,626
11,796|**Total**
**Funds**
**2022**
**£**
130,402
5,067
2,194
137,663
256,667
256,667
(8,968)
(127,972)
-
(127,972)
355,182
227,210|**Endowment**
**Funds**
**£**
-
-
-
-
-
-
8,391
8,391
(2,259)
6,132
69,445
75,577|**Restricted**
**Funds**
**£**
97,100
1,005
3,071
101,175
19,561
19,561
-
81,614
(1,611)
80,003
189,976
269,979|**Unrestricted**
**Funds**
**£**
94,509
2,699
-
97,208
99,954
99,954
-
(2,746)
3,870
1,124
8,502
9,626|**Total**
**Funds**
**2021**
**£**
191,609
3,704
3,071|
|---|---|---|---|---|---|---|---|---|
|||||||||198,383|
|||||||||119,515|
|||||||||119,515|
|||||||||8,391|
|||||||||87,259|
|||||||||-|
|||||||||87,259
267,923|
|||||||||355,182|
Page 7
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN, LEWISHAM**
Balance sheet as at 31 December 2022
|**Note**
**Fixed assets**
Investments
10
**Current assets**
Debtors
11
Cash at bank and in hand
**_Total current assets_**
**Creditors: amounts falling due**
**within one year**
12
**_Net current assets_**
**Total assets less current liabilities**
**_Net assets_**
13
**The funds of the charity:**
Endowment funds
Restricted funds
Unrestricted funds
**_Total charity funds_**
14|**£**
**£**
66,609
66,609
1,232
167,196
168,428
(7,827)
160,601
227,210
227,210
66,609
148,805
11,796
227,210
**2022**|**£**
**£**
75,577
75,577
968
284,035
285,003
(5,398)
279,605
355,182
355,182
75,577
269,979
9,626
355,182
**2021**|**£**
**£**
75,577
75,577
968
284,035
285,003
(5,398)
279,605
355,182
355,182
75,577
269,979
9,626
355,182
**2021**|
|---|---|---|---|
||||75,577
279,605|
||||355,182|
||||355,182|
||||75,577
269,979
9,626|
||||355,182|
These financial statements were approved by the PCC on ………………………………… and signed on its behalf by:
Page 8
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN, LEWISHAM**
Notes to the accounts for the year ended 31 December 2022
## **1 Accounting policies**
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and in the preceding year.
## (i) Statutory information
The Parochial Church Council of the Ecclesiastical Parish of St Mary the Virgin, Lewisham is a corporate body established by the Church of England. The principal address is 346 Lewisham High Street, Lewisham, London, SE13 6LE.
- (ii) Basis of accounting
The financial statements have been prepared under the historical cost convention, Companies Act 2006, Charities Act 2011 and the Charities Statement of Recommended Practice (FRS102). The church meets the definition of a public benefit entity under FRS102.
The Church has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the church. Monetary amounts in this financial statements are rounded to the nearest pound.
## (iii) Going concern
These financial statements are prepared on the going concern basis. The board members have a reasonable expectation that the church will continue in operational existence for the foreseeable future, and are not aware of any material uncertainties which may cause doubt on the church's ability to continue as a going concern.
## (iv) Fund accounting
General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted.
Restricted funds are those funds that must be spent on restricted purposes and details of the funds held and restrictions are provided in the notes.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Church.
The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the financial statements of church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members.
## (v) Incoming resources
All incoming resources are included in the statement of financial activities when the PCC is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
- Collections are recognised when received by or on behalf of the PCC
- Planned giving receivable under Gift Aid is recognised only when received. Tax recoverable on Gift Aid donations is recognised when the donation is recognised.
Page 9
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN, LEWISHAM**
Notes to the accounts for the year ended 31 December 2022
## (v) Incoming resources (continued)
- Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the PCC is reasonably certain.
- Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included in these accounts.
- Rental income from letting of premises is recognised when the rental is due.
- Investment income is included when receivable.
- Realised gains and losses on investments are recognised when the investments are sold. Unrealised gains and losses are accounted for on revaluation of investments at 31 December each year.
## (vi) Resources expended
Expenditure is accounted for on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
- Costs of generating funds comprise the costs associated with fundraising events.
- Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
- Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC.
- The diocesan parish share is accounted for when due. Any parish share unpaid at 31 December is provided for in these financial statements as an operational (though not a legal) liability and is shown as a creditor in the balance sheet.
## (vii) Fixed assets
Consecrated property and moveable church furnishings
- Consecrated and beneficed property of any kind is excluded from the accounts by s96(2)a Charities Act 1993.
- No value is placed on moveable church furnishings held by the churchwardens on special trust for the PCC which require a faculty for disposal.
- All expenditure incurred during the year on consecrated or benefice buildings and movable church furnishings, whether maintenance or improvement, is written off.
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Assets costing less than £500 are written off as an expense in the year in which the expenditure is incurred.
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.
Page 10
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN, LEWISHAM**
Notes to the accounts for the year ended 31 December 2022
## (viii) Debtors
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost uning the effective interest method, less provision for impairment. A provision for impairment of trade debotrs is established when there is objective evidence that the trust will not be able to collect all amount due according to the original terms of the receivables.
## (ix) Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## (x) Creditors
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.Short term trade creditors are measured at the transaction price.
Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
## (xi) Employee Benefits
Short term employee benefits and contributions to defined contribution plans are recognised as an expense in the period in which they are incurred.
## **2 Donations and legacies**
|**Donations and legacies**|||||
|---|---|---|---|---|
|Donations
Legacies
Grants receivable
Heritage Fund
Colfe's School
HMRC - CJRS
Leathersellers
Diocesan
Incorporated Trustees of The Number 1 Trust
Listed Places of Worship
The National Lottery
Morden Trust
CIS Security
Other small grants
Gift aid
Total|**Restricted**
**funds**
**£**
4,146
-
-
-
-
-
-
-
15,769
-
7,000
10,000
1,381
379
38,675|**Unrestricted**
**funds**
**£**
69,093
-
-
5,500
-
-
1,400
-
335
-
-
-
-
15,399
91,727|**Total**
**funds**
**2022**
**£**
73,239
-
-
5,500
-
-
1,400
-
16,104
-
7,000
10,000
1,381
15,778
130,402|**Total**
**funds**
**2021**
**£**
61,962
2,000
12,500
7,000
1,060
46,000
-
35,000
1,978
9,950
-
-
283
13,876|
|||||191,609|
Page 11
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN, LEWISHAM**
Notes to the accounts
for the year ended 31 December 2022
## **3 Income from charitable activities**
|**Income from charitable activities**|||||
|---|---|---|---|---|
|Sales within charitable activities
Fees from weddings and other services
Rental income
Other activities
Total|**Restricted**
**funds**
**£**
-
-
-
504
504|**Unrestricted**
**funds**
**£**
-
2,155
2,408
-
4,563|**Total**
**funds**
**2022**
**£**
-
2,155
2,408
504
5,067|**Total**
**funds**
**2021**
**£**
257
816
1,883
748|
|||||3,704|
## **4 Income from investments**
|**Income from investments**|||||
|---|---|---|---|---|
|Income from unlisted investments
Interest receivable
Total|**Restricted**
**funds**
**£**
2,051
143
2,194|**Unrestricted**
**funds**
**£**
-
-
-|**Total**
**funds**
**2022**
**£**
2,051
143
2,194|**Total**
**funds**
**2021**
**£**
1,971
1,100|
|||||3,071|
Page 12
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN, LEWISHAM**
Notes to the accounts for the year ended 31 December 2022
## **5 Charitable activities**
|Director of music
Parish share
Church premises
Upkeep of services
Ministry costs
Ministers' expenses
Communications
Crypt costs
Therapeutic garden costs
St Mary's Festival costs
St Mary's Social costs
St Mary's Day School costs
Youth work
Sundries
Independent examination
Grant funding of activities
**Note 6**
Share of support costs
**Note 7**
Total
**Grants payable**
Grants to individuals
Total|**Restricted**
**funds**
**£**
-
-
146,326
-
-
-
-
4,267
9,115
984
125
600
1,130
-
-
162,547
-
-
162,547|**Unrestricted**
**funds**
**£**
5,954
58,680
13,888
2,003
-
1,415
3,599
54
-
-
-
-
-
34
4,122
89,749
1,393
2,978
94,120|**Total**
**funds**
**2022**
**£**
5,954
58,680
160,214
2,003
-
1,415
3,599
4,321
9,115
984
125
600
1,130
34
4,122
252,296
1,393
2,978
256,667
**2022**
**£**
1,393
1,393|**Total**
**funds**
**2021**
**£**
5,675
61,680
23,792
2,387
-
306
3,701
8,190
3,295
-
-
1,388
-
-
4,684|
|---|---|---|---|---|
|||||115,098
1,501
2,916|
|||||119,515|
|||||**2021**
**£**
1,501|
|||||1,501|
**6 Grants payable**
Page 13
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN, LEWISHAM**
Notes to the accounts for the year ended 31 December 2022
## **7 Support costs**
|**Support**
**Governance**
**Total**
**costs**
**costs**
**2022**
**£**
**£**
**£**
Staff costs
2,978
-
2,978
2,978
-
2,978
**Staff costs and numbers**
Staff costs were as follows:
Salaries and wages
Social Security costs
Employer's contribution to defined contribution pension schemes
Total
No employee received emoluments of more than £60,000 (2021: nil)
The average number of employees during the year was as follows:
Ministerial
Support|**Support**
**costs**
2,916
2,916|**Governance**
**costs**
-
-
**2022**
**£**
10,289
-
-
10,289
**2022**
1
2
3|**Total**
**2021**
**£**
2,916|
|---|---|---|---|
||||2,916|
||||**2021**
**£**
9,158
-
-|
||||9,158|
||||**2021**
1
2|
||||3|
## **8 Staff costs and numbers**
## **9 PCC members' remuneration and expenses**
In accordance with the provisions of the Parochial Church Councils (powers) Measure 1956, one (2021: one) of the Parochial Church Council received remuneration during the year: Liz Evans received £2,978 (2021: £2,918) for her role as administrator.
No PCC Member or other person related to the charity had any personal interest in any contract or transactions entered into by the charity during the year (2021: nil). PCC members have ultimate control of the charity.
Page 14
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN, LEWISHAM**
Notes to the accounts for the year ended 31 December 2022
## **10 Fixed assets investments**
|**_Cost or valuation_**
At 1 January 2022
Disposal
Addition
Valuation changes
At 31 December 2022
**_Carrying amount_**
At 31 December 2022
At 31 December 2021
**11 Debtors**
Other debtors
Prepayments
Total
**12 Creditors: amounts falling due within one year**
Other creditors
Accruals
Total
**13 Analysis of net assets between funds**
**Current year**
Investments
Current assets
Current liabilities
Net assets at 31 December 2022
**Comparative - previous year**
Investments
Current assets
Current liabilities
Net assets at 31 December 2021|**General**
**funds**
**£**
-
19,623
(7,827)
11,796
**General**
**funds**
**£**
-
15,024
(5,398)
9,626|**Listed**
**investments**
**£**
75,577
(15,734)
15,734
(8,968)
66,609
66,609
75,577
**Restricted**
**funds**
**£**
-
148,805
-
148,805
**Restricted**
**funds**
**£**
-
269,979
-
269,979|**2022**
**£**
557
675
1,232
**2022**
**£**
327
7,500
7,827
**Endowment**
**funds**
**£**
66,609
-
-
66,609
**Endowment**
**funds**
**£**
75,577
-
-
75,577|**Total**
**£**
75,577
(15,734)
15,734
(8,968)|
|---|---|---|---|---|
|||||66,609|
|||||66,609|
|||||75,577|
|||||**2021**
**£**
968
-|
|||||968|
|||||**2021**
**£**
736
4,662|
|||||5,398|
|||||**Total**
**funds 2022**
**£**
66,609
168,428
(7,827)|
|||||227,210|
|||||**Total**
**funds 2021**
**£**
75,577
285,003
(5,398)|
|||||355,182|
Page 15
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN, LEWISHAM**
Notes to the accounts for the year ended 31 December 2022
## **14 Movements in funds**
|**Current year**
**At 1 January**
**2022**
**£**
**_Endowment funds:_**
St Mary's Day School Fund
36,850
Hobbs Legacy
6,127
Sale of Elfrida Hall
32,601
Total endowment funds
75,577
**_Restricted funds:_**
Appeal Fund
153,961
Legacy Grant
79,787
Crypt Capital Fund
5,558
Organ Fund
103
Bell Restoration Fund
1,181
Therapeutic Garden
9,664
Smith Trust
7,324
St Mary's Day School Fund
5,878
St Mary's Festival Fund
13
St Mary's Social Committee
2,641
Colfe's Chaplaincy Fund
3,870
Total restricted funds
269,979
_General fund_
9,626
Total unrestricted funds
9,626
**Total funds**
355,182|**Incoming**
**resources**
**£**
9,895
-
5,839
15,734
24,852
-
17
-
286
13,083
1,018
1,033
1,084
-
-
41,373
96,290
96,290
153,397|**Outgoing**
**Transfers**
**resources**
**between funds**
**£**
**£**
(9,895)
-
(5,839)
-
-
-
(15,734)
-
(146,326)
-
-
-
(4,267)
-
-
-
-
-
(9,115)
-
(1,130)
-
(600)
-
(984)
-
(125)
-
-
-
(162,547)
-
(94,120)
-
(94,120)
-
(272,401)
-|**Gains/**
**(losses)**
**£**
(4,430)
(288)
(4,250)
(8,968)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(8,968)|**At**
**31 December**
**2022**
**£**
32,419
-
34,190|
|---|---|---|---|---|
|||||66,609|
|||||32,487
79,787
1,308
103
1,467
13,632
7,212
6,311
113
2,516
3,870|
|||||148,805|
|||||11,796|
|||||11,796|
||||||
|||||227,210|
Page 16
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN, LEWISHAM**
Notes to the accounts for the year ended 31 December 2022
## **14 Movements in funds (continued)**
## **Comparative - previous year**
|**At 1 January**
**2021**
**£**
**_Endowment funds:_**
St Mary's Day School Fund
33,419
Hobbs Legacy
5,357
Sale of Elfrida Hall
28,503
Chancel Fund
2,167
Total endowment funds
69,445
**_Restricted funds:_**
Appeal Fund
83,460
Legacy Grant
78,687
Crypt Capital Fund
4,748
Organ Fund
103
Bell Restoration Fund
861
Therapeutic Garden
925
Smith Trust
7,324
St Mary's Day School Fund
6,310
St Mary's Festival Fund
13
St Mary's Social Committee
2,641
Colfe's Chaplaincy Fund
3,870
Chancel Fund
1,034
Total restricted funds
189,976
_General fund_
8,502
Total unrestricted funds
8,502
**Total funds**
267,923|**Incoming**
**resources**
**£**
-
-
-
-
-
77,766
1,100
8,000
-
320
12,035
1,000
956
-
-
-
-
101,176
97,208
97,208
198,384|**Outgoing**
**Transfers**
**resources**
**between funds**
**£**
**£**
-
-
-
-
-
-
-
(2,259)
-
(2,259)
(6,688)
(577)
-
-
(8,190)
1,000
-
-
-
-
(3,296)
-
-
(1,000)
(1,388)
-
-
-
-
-
-
-
-
(1,034)
(19,561)
(1,611)
(99,954)
3,870
(99,954)
3,870
(119,515)
-|**Gains/**
**(losses)**
**£**
3,431
770
4,098
92
8,391
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
8,391|**At**
**31 December**
**2021**
**£**
36,850
6,127
32,601
-|
|---|---|---|---|---|
|||||75,577|
|||||153,961
79,787
5,558
103
1,181
9,664
7,324
5,878
13
2,641
3,870
-|
|||||269,979|
|||||9,626|
|||||9,626|
||||||
|||||355,182|
Page 17
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN, LEWISHAM**
Notes to the accounts for the year ended 31 December 2022
## **14 Movements in funds (continued)**
## **Purposes of endowment funds:**
St Mary's Day Scool Fund: funds for the adjacent primary school. Hobbs Legacy: funds for youth work. Sale of Elfrida Hall: funds for youth work. Chancel Fund: funds for the church building.
## **Purposes of restricted funds:**
Appeal Fund: funds for building works and projects. Legacy Grant: funds for capital costs and other grants. Crypt Capital Fund funds to be spent on capital works in the Crypt of the church. Organ Fund: funds for organ maintenance. Bell Restoration Fund: funds for the church bells and related tower. Therapeutic Garden Fund: funds for church garden development and maintenance. Smith Trust: funds for youth work. St Mary's Day Scool Fund: funds for the adjacent primary school. St Mary's Festival Fund: funds for the festival annual event. St Mary's Social Committee Fund: funds for events put on by the committee. Colfe's Chaplaincy Fund: funds to provide chaplaincy support for Colfe's School and for the provision of parish administrators. Chancel Fund: funds for building works and projects.
## **15 Covid-19**
Church members have continued to be encouraged to grow in their faith and in mutual spiritual care and concern, meeting together in various small groups over Zoom. The impact of Covid over the past 2 years has been immense, both negative and positive. Being closed in the lockdowns led to a major drop in income, while numbers attending since reopening are still around 25% down on pre-covid attendance. On the other hand, our online presence has grown greatly and is valued by many, even in other countries. Attendance and income continue to improve, but not yet to pre-covid levels.
The church received £nil (2021: £1,060) of Job Retention Scheme grants during the year.
Page 18