Independent examinerfs report on the accounts P•rochl•l Church Councll ol All S*lnts Church D•tr•orth Road. Wlnd•or. SL4 4JW Ch•rtty n dwty Tn lty yw ended 31112r2022 R•sponsSbllltl•s and rtr• A1. uryler sedhjn 145 of tr* 2011 Ad arml in ¢JThyHvJ (*rt my examin41K I uThger sedion 1495Xbl of Act. •xamln•es 8tstwMnt cc¥ne to my atton1K in ts)rfftikn with Ih? examrniK wes Ch¥ilio3 AL*.. or thal gNe a Injè and V**V whth a matter 81gn•d: 2é ?oLJ N•m•: R•l•v•nt pfof•••lonal 9*¢*) or body Ilf •ny): Ckrff&R&) IMS 2018 2019 2020 2021 2022
Regular Income Total Total Total Total Total
Standing Orders 38,183 24,050 13,063 10,186 10,426
Parish Giving Scheme 15,004 29,716 31,503 35,453
Collections (cash) 7,232 7,830 1,683 1,079 1,641
Envelopes 13,127 8,869 2,746 1,793 57
Sub-total of regular giving 58,542 55,753 47,208 44,561 47,577
Hall Hire 7,016 7,425 5,815 6,475 10,145
Total 65,558 63,178 53,023 51,036 57,722
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Looking forward to 2023, the forecast is a greater loss, of -£17.5k against last years -£11.4k. We are budgeted to spend £3k less on repairs and maintenance this year (in 2022 we spent just under £4k on electrical and lighting work) and hall hire income is expected to increase by £2k, but this is offset by forecast reductions in income from the café of -£2k, reduced grants and donations of £-1.5k, increased fuel costs of circa £2k, increased parish share of £2k and new curate housing costs from July of circa £4k. ## **ASD 2023 RESERVES POLICY** All Saints Church Dedworth is a medium sized church with an annual income of circa £73k which includes £10k from Hall Hire. There is a need for new staff, particularly to assist in church centre activities and the café. The condition of the buildings is generally good. The church currently has general reserves of £45k. The PCC discussed the following factors in arriving at their reserves policy: - Money should only be kept in reserve for specific reasons – whilst the Bible clearly indicates - that we should not hoard, it is also clear that sensible planning for known events is important. • An exceptional one-off donation in 2021 provided the church with time to grow the level of regular giving through deepening discipleship and growth in Life Groups. Regular expenditure has exceeded regular income over the past 5 years, with the loss in 2022 growing to -£11.4k. The 2023 loss is forecast at -£17k so it is proposed to set aside this amount for the next year to allow time to grow discipleship. **(£17k)** - A wish to have two months running costs in cash reserves in case of a major problem. (£ **16k** - Whilst no other major building repair works are expected, minor ones are likely to need doing and it would be prudent to allow for this now. **(£5k)** - A need has been identified for salaried staff (part time) to help out in the church centre (£5.2k) - and to act as café manager (£5.2k). **(£11k)** - There was a general wish that more should be spent on outreach to the community. - The PCC would like to move towards modelling generous giving, by donating 10% of its income to mission outreach projects and Christian charities. This policy will be reviewed in twelve months’ time apart from the local mission, outreach and giving, which will be reviewed frequently during the year. The above level of reserves of **£49k** enables the church to maintain its current level of worship and pastoral support and in the event of surplus funds above this level at the financial year-end, the PCC will consider how these funds might be used for local mission and outreach. Paul Watkins Treasurer, All Saints Dedworth, ## **INCOME & EXPENDITURE ACCOUNT** ## **YEAR ENDED 31ST DECEMBER 2022** |**INCOME**
**2021**
£43,482
Net Gift Aid Pledges
£ 9,373
Tax Relief on Gift Aid Pledges
**£52,855**
Total Pledged Giving
£1,080
Church Collections
£6,475
Hall Hire
**£7,555**
£234
Baptisms
£50,743
Donations
£220
Fund Raising
£1,175
Funerals
£1,000
Grants
£12
Interest and Dividends Received
£473
Miscellaneous
£3,971
Insurance Claim
£3,201
Special Collections
£188
Weddings
£40
Youth Group
**£61,257**
**£560**
Running Man Cafe
**£122,227**
**TOTAL INCOME**|£45,879
£11,197
£1,698
£10,145
£0
£2,879
£81
£1,704
£1,881
£17
£0
£0
£1,121
£144
£1,620|**2022**
**£57,076**
**£11,843**
**£9,447**
**£2,368**| |---|---|---| |||| |||**£80,734**| |**EXPENSES**
**2021**
THE CHURCH & SERVICES
£2,901
Lighting & Heating
£5,527
£1,808
Insurance
£1,859
£4,409
Minor repairs & maintenance
£4,253
£1,231
Miscellaneous
£1,426
£2,446
Upkeep of Services
£3,443
£4,950
Salaries
£1,040
£17,745
OTHER EXPENSES
£39
Administration
£246
£461
Catering
£1,078
£3,042
Equipment Purchases
£1,211
£1,144
Printing
£489
£2,209
Special Collections
£511
£2,031
Telephone/Internet
£2,851
£705
Youth Work
£1,769
£9,631
£0
Running Man Cafe
PAYMENTS OUTSIDE PARISH
£64,737
Parish Share
£66,412
£0
Charitable Giving
£0
£64,737
**£92,113**
**TOTAL EXPENSES**
**+£30,114**
**Excess of Expenditure Over**
**Income**|£5,527
£1,859
£4,253
£1,426
£3,443
£1,040|**2022**
**£17,548**
**£8,155**
**£0**
**£66,412**
**£92,115**
**-£11,381**| |---|---|---| ||£246
£1,078
£1,211
£489
£511
£2,851
£1,769|| ## **BALANCE SHEET AS AT 31ST DECEMBER 2022** |**31/12/2021**
**Assets**
**£656**
Diocesan Trustees Investment Account
**£57,411**
Metro Bank - ASD Current Account
**£2,797**
Metro Bank - Running Man Cafe
**£0**
Petty cash
**£60,864**
Apportioned as follows
**Unrestricted Funds**
**£58,584**
General Fund
**£1,624**
Discretionary Funds
**Restricted Funds**
**£656**
Perpetual Trust Fund
**£60,864**
**Discretionary Funds:**
Homeless Fund
Youth Work Fund|**31/12/2022**
**£656**
Market Value as at 31/12/22
**£46,030**
As at 31/12/22
**£2,797**
As at 31/12/22
**£0**
**£49,483**
**£47,353**
**£1,474**
**£656**
**£49,483**
£809
£665
**£1,474**| |---|---|