**Trustees** !" **Annual Report for the period** **From 01/01/2022 To 31/12/2022** **Charity name:** The Parochial Church Council Of The Ecclesias3cal Parish Of St Michael And St George, Fulwell ## **Charity registra>on number: 1184231** ## **Objec>ves and Ac>vi>es** |Summary of the purposes of
the charity as set out in its
governing document|The objec3ves of St Michael’s Fulwell are the advancement of
religion in accordance with the tenets and prac3ces of the Church
of England for the public beneft including (but not limited to);
a) ancillary or incidental educa3onal ac3vi3es; and
b) other associated ac3vi3es for the beneft of the community
We also have a church mission statement: to rebuild a gospel
centred community for Fulwell, Teddington and beyond.| |---|---| ||Summary of the main
ac3vi3es in rela3on to those
purposes for the public
beneft, in par3cular, the
ac3vi3es, projects or
services iden3fed in the
accounts.
**Church services**
At the beginning of 2022, services were conducted at St Peter’s and
St Paul’s Teddington while the St Michael’s Fulwell building
renova3on project con3nued. Three services were run by St
Michael’s Fulwell in the St Peter and St Paul’s building: a 10am
service, a 4pm service and a 6.30pm service. The 10am and
6.30pm services were live streamed via the St Michael’s YouTube
channels. In August the building project at St Michael’s Fulwell was
completed and church life gradually began moving back to Fulwell,
including all three services: 10am, 4pm and 6.30pm. By September,
the transi3on back into the renovated building was complete.
In-person ac3vi3es were also provided throughout 2022 for
children and young people either at St Peter’s and St Paul’s or at St
Michel’s Fulwell, and Bible teaching for all ages through age-
appropriate media.
**Parent and toddlers’ group (Noah’s Ark)**
During 2022, a group for under fours and their parents or carers
ran during the week for the beneft of families living in the local
area – frst at St Peter’s and St Paul’s Teddginton and then at the
new building in St Michael’s Fulwell. This group aims to provide
suitable and safe ac3vi3es for children and support to parents and
carers. Once this group was relaunched at St Michael’s Fulwell
again in the new space, aYendance soared. The average number of
children per week at this group in the St Michael’s Fulwell building
during 2022 was 25.
**Children’s and Youth groups**
Four groups (SMASH, SMASH Junior, Animate and Emerge) ran
during the week to provide ac3vi3es and Bible teaching for the
diferent age groups. These are par3cularly aimed at members of
the local community who do not currently aYend a church, as well
as children and young people from within the church community.
**Students**
The Assistant Minister at St Michael’s ran a weekly student group,
suppor3ng students at the local university St Mary’s.
**Schools**
St Michael’s Fulwell also funded and supported the work of Insight,
a Chris3an charity which provides in-person and online material
and ac3vi3es for schools in the Richmond borough.
**Small Groups**
During 2022 small groups from within the church community met
on a weekly basis in people’s homes to study the Bible or on
Wednesday mornings at St Michael’s. In 2022 we had 12 diferent
small groups mee3ng regularly.
**Leadership Training**
During 2022, a Ministry Training Home Group was run to provide
ministry training to volunteers in the church.
**Beyond Fulwell and Teddington**
We have par3cipated in ac3vi3es run by the Co-Mission network of
churches as well as in Church of England ac3vi3es in 2022. We
support mission partners, including Tearfund, UCCF and a church
plant in Naples.| |---|---| |Statement confrming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
beneft|When planning our ac3vi3es for the year, we have considered the
Commission’s guidance on public beneft and, in par3cular, the
supplementary guidance on chari3es for the advancement of
religion.| |---|---| ## **Addi>onal informa>on (op>onal)** You may choose to include further statements where relevant about: |Policy for grant making|**Training**
We give ministry trainees a grant to support them while they
undertake the Cornhill Training course and related training
ac3vi3es. Ministry Trainees are encouraged to raise support for
their training themselves, and the size of grant ofered depends on
the extent to which trainees have been able to raise their own
support.
**Support of mission**
The church currently supports several chari3es working beyond
Teddington with similar aims. The majority of these are closely
connected with St Michael’s in some way, and both the recipient
and the amount are discussed and approved by the PCC. In
addi3on, dona3ons are made to local chari3es pursuing the same
goals when this seems appropriate to the PCC.| |---|---| |Contribu3on made by
volunteers|An extremely important contribu3on has been made throughout
the year by volunteers within and outside our own church
community, which has enabled the running of the charity and its
various ac3vi3es. For example, many weekly ac3vi3es (Noah’s Ark,
small groups etc) are run by volunteers (many online during the
pandemic period), the majority of the ac3vi3es required for
Sunday services are carried out by volunteers, and the PCC relies
on the exper3se of volunteers in many areas (eg. governance,
fundraising, building project).
In order to support our volunteers as best we can, we ofer training
opportuni3es in the relevant areas. For example, members of our
youth and children’s team have done safeguarding training, frst aid
training and training in Special Educa3onal Needs provision.| |Other|| ## **Achievements and Performance** |Summary of the main
achievements of the charity,
iden3fying the diference
the charity’s work has made
to the circumstances of its
benefciaries and any wider
benefts to society as a
whole.|**Church Growth**
Despite being in a temporary venue for the frst half of the year
while we completed a renova3on project on our church building,
we were able to maintain a steady number of church members at
services. For example, our average aYendance during October
2022 was 150 from 152 the previous year, and our worshiping
community has grown to 237 from 208 the previous year.
Numerical growth is not the only indicator of success and care is
taken to ensure the spiritual growth of those within and outside
the church as well, but we are thankful to have maintained
connec3ons with the church family at St. Michael’s.
**Outreach**
The church con3nues to seek the growth of a gospel community in
the wider area, and to this end provides many opportuni3es for
those outside the church to come into contact with church life. Our
‘One Life’ seekers course ran three 3mes over the course of the
year.
During autumn 2023 in response to the Cost of Living Crisis in the
UK, St Michael’s set up the church as a Warm Space each
Wednesday aiernoon for the local community. Free refreshments
were available as well as toys for children to play with and sofas to
relax in the warmth. During the autumn St Michael’s also began
working in partnership with Richmond Food Bank and the Trussell
Trust to open a new Foodbank hub for Fulwell in early 2023.
St Michael’s also runs regular church family lunches once a month
aier the Sunday morning service, and men’s breakfasts and
women’s dinners once a term.
**Regenerate**
We were overjoyed to move back into our renovated church
building in August 2022 and begin using the improved facili3es
available as well as opening the church up to use by the local
community as well.| |---|---| ## **Addi>onal informa>on (op>onal)** You may choose to include further statements where relevant about: ||Achievements against
objec3ves set
Our objec3ves for this year were:
**a)**
**To complete Regenerate and return the main ac>vites of**
**the church to St Michael’s itself**
This target was achieved and renova3on on our church building
completed in August 2022. We were then completely moved back
into the building by September 2022.
**b) To establish a new paSern of worship and ministry in the**
**newly refurbished building**
We were overjoyed to move back into our renovated space in 2022
with more space and beYer facili3es. We quickly established our
three Sunday services in the refurbished building (10am, 4pm and
6.30pm) and saw the aYendance of our weekly groups soar (e.g.
Noah’s Ark increases from 5 children per week to 25).
**c)**
**To begin reengaging with the local community**
Once back in our newly refurbished building, we used our
increased space and facili3es to launch new ini3a3ves for the local
community e.g. Warm Spaces every Wednesday in autumn and
winter, and sejng up a Food Bank with Richmond Food Bank and
the Trussell Trust.
Other
Our aims for next year will be:
**A) Complete the fnal stages of Regenerate**
**B) To consolidate and grow our three Sunday services**
**C) To build up further our community outreach ac>vi>es**| |---|---| **Financial Review** |Review of the charity’s
fnancial posi3on at the end
of the period|The summary of the charity's income and expenditure is
available in the fnancial overview. It should be noted that
due to the ongoing transfer of assets from St Michael's CIO
(Charity Number: 1160287), some transac3ons were
completed by the St Michael's CIO on behalf of the PCC, and
so appear in their accounts, which have also been made
available to the congrega3on. The PCC accounts give a
fnancial summary of both chari3es combined, which gives
the best summary posi3on for the charity's ac3vity.
Numbers below come from these combined fgures.
For the general (unrestricted) fund, the vast majority of
income came from voluntary receipts which increased by
£28,348 from the 2021 fgure. Overall, St Michael's recorded
income of £345,969 in 2022.
The majority of the church's general fund expenditure is on
stafng, and these costs remained rela3vely stable
throughout 2022. Other cost changes since 2021 include an
increase in contribu3on to the Diocesan Common Fund of
£13,650 vs 2021, and a rise in church running costs to
£75,559 in 2022 which refects the con3nuous growth in
church life as well as the resump3on of larger scale events
such as the Church Weekend Away following a hiatus during
the COVID-19 pandemic. Overall, St Michael's recorded
expenditure of £293,960 in 2022; plus transfers of £58,349,
£6,971 and £2500 to the Pedley, Ling and Grubb restricted
funds respec3vely.
As well as the general funds, fundraising for the Regenerate
building project con3nued through 2022, with building work
con3nuing during the frst half of the year. There are also
restricted funds for funding ministry for Revd. Simon Pedley,
Toby Ling and Jess Grubb, as well as for the PASS charity,
providing advice for expec3ng parents of children with pre-
natal anomalies, and Love Refugees, fundraising for hos3ng
a refugee family.| |---|---| |Statement explaining the
policy for holding reserves
sta3ng why they are held|The PCC resolves to build up reserves to a total of three months’
running costs. This is to allow staf to be paid and ministry to
con3nue in the event of a funding crisis or cashfow difculty. The
PCC commits to planned saving in future years in order to build up
this reserve further.| |Amount of reserves held|£66,966 (unrestricted). This refects the PCC's net current assets
not including tangible fxed assets| |Reasons for holding zero
reserves|n/a| |Details of fund materially in
defcit|None| |---|---| |Explana3on of any
uncertain3es about the
charity con3nuing as a going
concern|n/a| ## **Addi>onal informa>on (op>onal)** You may choose to include further statements where relevant about: The charity’s principal sources of funds (including any fundraising) Investment policy and objec3ves including any social investment policy adopted A descrip3on of the principal risks facing the charity Other **Structure, Governance and Management** |Descrip3on of charity’s
trusts:|None| |---|---| |Type of governing document
(trust deed, royal charter)|PCCs Measure 1956 and the Church Representa3on Rules| |How is the charity
cons3tuted?
(e.g unincorporated
associa3on, CIO)|The PCC is a body corporate| |Trustee selec3on methods
including details of any
cons3tu3onal provisions e.g.
elec3on to post or name of
any person or body en3tled
to appoint one or more
trustees|The method of appointment of PCC members is set out in the
Church
Representa3on Rules. At St. Michael’s, the membership of the
PCC consists of the incumbent (our vicar), churchwardens, a
diocesan synod representa3ve, and members elected by those
members of the congrega3on who are on the electoral roll of the
church. All those who aYend our services / members of the
congrega3on are encouraged to register on the Electoral Roll. The
PCC members are responsible for making decisions on all maYers
of general concern and importance to the parish including
deciding on how the funds of the PCC are to be spent. New
members receive ini3al training into the workings of the PCC.
The full PCC met fve 3mes during the year. Given its wide
responsibili3es, the PCC has several commiYees, each dealing
with a par3cular aspect of parish life. These commiYees, which
include Finance, Employment, Building and Regenerate
fundraising commiYees, are all responsible to the PCC and report
back to it regularly with minutes of their recommenda3ons being
received by the full PCC and discussed as necessary.
Two members of the PCC are also employees of the PCC, and due
regard is taken to ensuring that conficts of interest are carefully
managed.| ## **Addi>onal informa>on (op>onal)** You may choose to include further statements where relevant about: |Policies and procedures
adopted for the induc3on
and training of trustees|The charity trustees will make available to each new charity
trustee, on or before his or her frst appointment:
•
a copy of the PCC’s latest Trustees’ Annual Report and
statement of accounts.
•
The trustee eligibility form
•
The Essen3al Trustee (Charity Commission)
•
PCC Accountability: The Chari3es Act 2011 and the PCC
(Church of England)
•
Church Policy Handbook| |---|---| |The charity’s organisa3onal
structure and any wider
network with which the
charity works|The Church of England provides the ofcial framework within
which we operate.
Co-Mission is a network of churches within London from which
we receive training and support, and to which we commit to
donate money each month. The amount is suggested by Co-
Mission but is an en3rely free gii and there is no fnancial
obliga3on towards the network.| |---|---| |Rela3onship with any related
par3es|Emmanuel Teddington is a charity set up to provide housing for
gospel workers in the Teddington area. The minister of St
Michael’s benefts from this charity as his house is partly owned
by this trust.| |Other|| ## **Reference and Administra>ve details** |Charity name|The Parochial Church Council Of The Ecclesias3cal Parish Of St
Michael And St George, Fulwell| |---|---| |Other name the charity uses|St Michael’s Fulwell| |Registered charity number|1184231| |Charity’s principal address|St Michael’s Church
Wilcox Road
Teddington
TW11 0SP| ## **Names of the charity trustees who manage the charity** ||**Trustee name**|**Ofce (if any)**|**Dates acted if not for**
**whole year**|**Name of person (or**
**body) en>tled to**
**appoint trustee (if**
**any)**| |---|---|---|---|---| |1
2
3
4
5
6
7
8
9
10
11
12
13|Rev Edward
Kendall|Chair||| ||Rev Simon
Pedley|||| ||Mr Simon
Richards|Church Warden||| ||Dr Jennifer Eades|Church Warden||| ||Dr Nathan
Woolley|Treasurer||| ||Mrs BabeYe
Bullock|||| ||Mr Thomas
Conway|||| ||Mr Benjamin
Keenan|Mission Partner
Champion||| ||Mrs Caroline
Humphrys|||| ||Mr Oliver
Humphrys|Assistant
Treasurer||| ||Mrs Georgia-
Karena Taylor|Deanery Synod
Representa3ve
PCC Secretary||| ||Mrs Cat Young|Deanery Synod
Representa3ve
& Children’s
Champion|From 1stJuly|| ||Mr James
Bunyan|Diocesan Synod
Rep||| Corporate trustees – names of the directors at the date the report was approved **Director name** Name of trustees holding 3tle to property belonging to the charity |**Trustee name**|**Dates acted if not for whole**
**year**|| |---|---|---| |||| |||| ## **Funds held as custodian trustees on behalf of others** Descrip3on of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segrega3on of such assets from the charity’s own assets ## **Addi>onal informa>on (op>onal)** ## **Names and addresses of advisers (Op>onal informa>on)** **----- Start of picture text -----**
Type of Name Address
adviser
Name of chief execu>ve or names of senior staff members (Op>onal informa>on)
**----- End of picture text -----**
## **Exemp>ons from disclosure** Reason for non-disclosure of key personnel details ## **Other op>onal informa>on** ## **Declara>ons** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **----- Start of picture text -----**
Signature(s)
Full name(s)
Posi>on (eg
Secretary, Chair, etc)
Date
**----- End of picture text -----**
## St Michael's Fulwell The Parochial Church Council of the Ecclesiastical Parish of St Michael and St George, Fulwell ## Statement of Accounts 2022 1 Financial Statements for the Year Ended 31 December 2022 Statement of Financial Activities for the year ending 31 December 2022 ||Note|Unrestricted Fund|Restricted Fund|Total 2022|Total 2021| |---|---|---|---|---|---| |||£|£|£|£| |**Incoming resources**|2||||| |Voluntary income||302,393|595,504|897,897|739,662| |Activities for generating funds||-|-|-|1,245| |Income from Investments||91|204|295|| |Church activities||41,943|3,351|45,294|5,642| |**Total incoming resources**||344,428|599,059|943,486|746,549| |**Resources expended**|3||||| |Church activities||285,081|1,247,127|1,532,208|731,631| |**Total resources expended**||285,081|1,247,127|1,532,208|731,631| ||||||| |**Net incoming resources before transfers**||59,346|(648,069)|(588,722)|14,917| |Transfers between funds|8|(32,642)|32,642|-|-| |Outgoing transfer to the CIO||(7,338)|-|(7,338)|-| |Incoming transfer from the CIO||-|147|147|108,424| |Funds owed by CIO||-|-|-|14,911| |**Net incoming resources before other**|||||| |**recognised gains/(losses)**||19,366|(615,279)|(595,913)|138,252| ||||||| |**Net movement in funds**||19,366|(615,279)|(595,913)|138,252| ||||||| |Balances b/fwd 1 January||82,808|764,071|846,879|708,628| ||||||| |Balances c/fwd 31 December||102,174|148,792|250,966|846,879| 2 ## Balance Sheet at 31 December 2021 |Note
Unrestricted Fund
£
**Fixed assets**
Tangible
4
35,178
35,178
**Current assets**
Debtors
5
9,540
Short-term deposits
-
Cash at bank and in hand
61,022
70,562
**Liabilities**
Creditors (due within one year)
6
3,566
**Net current assets**
102,174
Creditors (due after one year)
-
**Total net assets**
102,174
**Represented by parish funds**
**Unrestricted**
**Restricted**|Note
Unrestricted Fund
£
**Fixed assets**
Tangible
4
35,178
35,178
**Current assets**
Debtors
5
9,540
Short-term deposits
-
Cash at bank and in hand
61,022
70,562
**Liabilities**
Creditors (due within one year)
6
3,566
**Net current assets**
102,174
Creditors (due after one year)
-
**Total net assets**
102,174
**Represented by parish funds**
**Unrestricted**
**Restricted**|Restricted Fund
Total 2022
£
£
-
35,178|Total 2021
£
-| |---|---|---|---| ||35,178|-
35,178|-| |||2,311
11,850
-
-
217,199
278,221|50,430
-
930,870| ||70,562|219,509
290,072|981,300| |||70,717
74,283|134,420| ||102,174|148,792
250,966|846,879| ||-|-
-|-| ||102,174|148,792
250,966|846,879| |||**2022**
102,174
148,792
250,966|**2021**
82,808
764,071| ||||846,879| ## **Notes** On 30th November 2020, a deed of asset transfer was drawn up between the St Michael and St George Fulwell Mission Initiative ("the CIO") and The Parochial Church Council of the Ecclesiastical Parish of St Michael and St George Fulwell ("the St Michael's Fulwell PCC"). The deed states that all CIO assets are now legally due to the St Michael's Fulwell PCC. The St Michael's Fulwell PCC was set up as a successor charity to the CIO, to enable the Church of England church (to which both charities relate) to function as an ecclesiastical parish, as governed by the 1956 Parochial Church Council Powers Measure. During 2022 the CIO was dissolved as a charity and all remaining assets and liabilities were passed to the PCC. A combined SOFA and statement of assets is available as note 9. ## **1. Accounting policies** Basis of financial statements The financial statements have been prepared under the Church Accounting Regulations 2006 in accordance with applicable accounting standards and the current Statement of Recommended Practice, Accounting and Reporting by Charities and applicable accounting standard FRS 102. The financial statements have been prepared under the historical cost convention. The financial statements include all 3 transactions, assets and liabilities for which the charity is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members. ## Fund accounting Restricted funds comprise revenue donations or grants for a specific charitable activity intended by the donor. Unrestricted funds are income funds that are to be spent on the charity's general purposes. ## Incoming resources Planned giving, collections and similar donations are recognised when received, even where the donor has indicated a likely level of future giving. Tax refunds are recognised when the incoming resource to which they relate is received. Grants are accounted for when the charity is entitled to the use of the resources, their ultimate receipt is considered reasonably certain and the amounts due are readily quantifiable. All incoming resources are accounted for gross. ## Resources expended Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the charity. All other expenditure is generally recognised when it is incurred and is accounted for gross. ## Fixed assets Equipment used within the church premises is depreciated on a straight-line basis over four years. Individual items of equipment with a purchase price of £1000 or less are written off when the asset is acquired. 4 ## **2. Incoming resources** |Note
a) Voluntary income:
Planned Giving
a.
Collections at Services
All other giving/voluntary receipts:
Gift Aid Accrued
b.
Grants
c.
b) Activities for generating funds:
c) Income from Investments
d) Church activities
Church Activities
Other receipts|Unrestricted Fund
Restricted Fund
Total 2022
Total 2021
£
£
£
£
218,346
7,867
226,212
209,429
72
-
72
-
26,815
67,500
94,315
227,683
54,520
12,228
66,748
70,916
2,641
507,909
510,550
231,634| |---|---| ||302,393
595,504
897,897
739,662| ||-
-
-
1,245| ||-
-
-
1,245| ||91
204
295
-| ||91
204
295
-| ||40,496
-
40,496
5,637
1,447
3,351
4,798
5| ||41,943
3,351
45,294
5,642| ||| |Total Income|344,428
599,059
943,486
746,549| |d) Transfers
Incoming transfer from the CIO
d.
Funds owed by the CIO
d.|-
147
147
108,424
-
-
-
14,911| |Total Income including funds owed
by the CIO|344,428
599,206
943,633
869,883| a. The church is undertaking the Regenerate project to renovate the church building of St Michael and St George Fulwell (see note 8 for more details). Planned giving continues to come from people known to the Church, or part of the local community (Friends of St Michael's and Patrons). The Regenerate fund accounted for £5,867 of restricted planned giving here. The remainder (£1,800) was planned giving from members of the Church to PASS. b. The restricted gift aid accrued here was for the Regenerate building project fund (£11,778) and PASS (£450). c. There was one grant in support of the General fund from the Diocesan Energy Fund (£2,641). There was also a single grant in support of the Pedley fund, supporting the ministry of Simon Pedley, from Pillar Investments. Grant funding for the Ling fund comprised £27,224 of restricted funds from the Co-Mission charity in support of Toby Ling's role. There were a total of £8,836 of restricted grants in support of Jess Grubb's role from the YMCA (£3,334), SMB Trust (£2,000), Gospel Partners Trust (£3,000), and others (£500). Finally, there were restricted grants totalling £466,782 in support of the Regenerate building project from the Diocese of London (£146,913), DCMS (£232,087), Viridor Credits (£37,782), Sabina Sutherland Charitable Trust (£5,000), Bernard Sunley Foundation (£10,000), and the Josep Rank Trust (£35,000). 5 d. On 30th November 2020, a deed of asset transfer was drawn up between the St Michael and St George Fulwell Mission Initiative ("the CIO") and The Parochial Church Council of the Ecclesiastical Parish of St Michael and St George Fulwell ("the St Michael's Fulwell PCC"). The deed states that all CIO assets are now legally due to the St Michael's Fulwell PCC. The St Michael's Fulwell PCC was set up as a successor charity to the CIO, to enable the Church of England church (to which both charities relate) to function as an ecclesiastical parish, as governed by the 1956 Parochial Church Council Powers Measure. In 2022 the CIO was formally closed as a charity with the PCC responsible for all remaining assets and liabilities. A combined SOFA and statement of assets is available as note 9. 6 ## **3. Expenditure** |**3. Expenditure**|| |---|---| |Note
**a) Church activity expenses**
Church activities:
Salaries and wages
a.
Clergy and staff expenses
b.
Church running costs
Donations
Common Fund
Depreciation on AV equipment
Regenerate - Professional Fees|Unrestricted Fund
Restricted Fund
Total 2022
Total 2021
£
£
£
£
81,740
70,310
152,049
134,270
69,866
48,053
117,918
91,290
75,526
3,362
78,888
27,937
29,300
1,653
30,953
20,515
28,650
-
28,650
15,000
-
-
-
-
-
1,123,750
1,123,750
442,620| ||285,081
1,247,127
1,532,208
731,631| ||| |Total expenditure|285,081
1,247,127
1,532,208
731,631| |d) Transfers
Outgoing transfer to the CIO
c.|7,338
-
7,338
-| |Total Expenditure including funds
owed to the CIO|292,419
1,247,127
1,539,546
-| a. Restricted salaries and wages are comprised of wages for the Regenerate Fundraiser and Project Manager (£2,261), funds paid to the diocese to reimburse the cost of a stipend for Simon Pedley from the Pedley restricted fund (£43,550), a salary for Jess Grubb from the Grubb restricted fund (£6,181), and a salary for Toby Ling from the Ling restricted fund (£21,394). b. Restricted staff expenses include expenses for the Regenerate Fundraiser and Project Manager (£1,523), Simon Pedley from the Pedley restricted fund (£33,392 - including housing), Jess Grubb from the Grubb restricted fund (£2,310), and Toby Ling from the Ling restricted fund (£10,180 - including backdated pension payments). c. The outgoing transfer to the CIO is comprised of funds required to rectify previously accrued HMRC and gift aid payments which were not able to be claimed and therefore facilitate the closure of the CIO charity. 7 ## **4. Tangible assets** ||Unrestricted Fund|Restricted Fund|Total 2022|Total 2021| |---|---|---|---|---| |Movement in assets:||||| |Kitchen equipment purchased|25,101|-|25,101|-| |AV equipment purchased|10,077|-|10,077|| |Depreciation|-|-|-|-| |Total assets:||||| |Kitchen equipment|25,101|-|25,101|-| |AV equipment|10,077|-|10,077|| |Total|35,178|-|35,178|-| The Regenerate restricted fund was established to renovate the St Michael and St George Fulwell church building, and therefore kitchen equipment purchased under that fund are listed as transfers to the general fund. The PCC has no tangible assets above the reporting threshold. The St Michael and St George Fulwell church building is a conscrated church building, and therefore excluded from the accounts as per s.10(2)(a) and (c) of the Charities Act 2011. This applies to other expenditure from the Regenerate fund which has been applied to the Church building. ## **5. Debtors** |**5. Debtors**||||| |---|---|---|---|---| ||Unrestricted||Restricted|| |Income for 2022 received in 2023||617||-| |Gift Aid eligible for claim||8,923||2,311| |Total||9,540||2,311| Restricted fund Gift Aid eligible for claim is for the Regenerate fund. ## **6. Creditors** |||||Unrestricted||Restricted| |---|---|---|---|---|---|---| |Invoices for|2022|expenses paid in|2023||3,566|70,717| |Total|||||3,566|70,717| ## **7. Staff** Staff costs |Staff costs|| |---|---| |Salaries and wages
a.
Social security costs
Pension costs
Other benefits
Total staff costs|**2022**
**2021**
£
£
71,351
54,469
17,757
12,721
8,049
4,405
-
-| ||97,157 71,595| a. Salaries and wages included here do not include the stipends for Ed Kendall and Simon Pedley's roles and therefore differs from the salaries and wages figure presented in 3.a) 8 Two of these staff are trustees of the charity and will be paid salaries and expenses. In addition, Ed Kendall and Simon Pedley are clergy and ex-officio trustees funded by the Diocese of London, and the PCC are responsible for their costs. There were no other payments made to trustees in 2022. Average head count in the year |Average head count in the year|| |---|---| |Ministry
Administration
Total|2022
2021
2.33
1.42
2.08
2| ||4.41
3.42| ## **8. Funds** The movements in designated and restricted funds across the CIO and PCC accounts during the year were: |Unrestricted funds
General
Restricted funds
Regenerate
Pedley
PASS
Love: Refugees
Ling
Grubb|Bal b/fwd Income
Expenditure
Transfers
Bal c/fwd
£ £
£
£
£
82,808 345,969
(293,960)
(32,642)
102,174
725,413 555,557
(1,129,384)
(35,178)
116,409
9,920 5,347
(73,617)
58,349
-
53 2,250
(1,653)
-
650
9,410 0
(1,921)
-
7,489
19,274 27,224
(31,520)
6,971
21,949
0 8,836
(9,040)
2,500
2,296| |---|---| ||846,879 945,182
(1,541,095)
-
250,967| The Regenerate Fund is the restricted fund which holds those funds being raised for the renovation of the St Michael and St George Fulwell church building. The Pedley fund represents funding provided for the ministry costs of Rev Simon Pedley. External support for the post has been provided for the first few years of his ministry; however, 2022 will be final year of this funding after which the PCC will be taking on full responsibility for the Pedley ministry costs. We are grateful to external supporters for contributing to this fund. The fund pays for Mr Pedley's stipend, NI, tax, housing, and expenses. The PASS fund is the restricted fund for the ministry of Mrs Lois Bunyan. Mrs Bunyan's ministry involves the creation of the PASS project, which provides information to parents who have had a recent diagnosis of foetal abnormality. Pass now functions as a separate charity and all funds held by St Michael's Fulwell are owed to the Pass Charity. The Love: Refugees Fund is a restricted fund to raise income for the Love: Refugees project to sponsor the resettlment of a refugee family in the local community, through the Home Office Community Sponsorship Scheme. Funds were given by people in the church and community. 9 The Ling Fund represents funding provided for the ministry costs of Toby Ling. External support has been provided for the post for the first few years of his ministry in addition to a contribution from the general ministry fund. The fund pays for Mr Ling's salary, tax, pension, and expenses. The Grubb Fund represents funding provided for the ministry costs of Jess Grubb. External support has been provided for the post for the first two years of her ministry in addition to a contribution from the general ministry fund. The fund pays for Mrs Grubb's salary, tax, pension, and expenses. 10 ## **9. Combined SOFA and statement of assets across both CIO and St Michael's Fulwell PCC** Statement of Financial Activities for the year ending 31 December 2022 |Note
**Incoming resources**
Voluntary income
Activities for generating funds
Income from Investments
Church activities
**Total incoming resources**
**Resources expended**
Church activities
CIO debtor liabilities written-off
**Total resources expended**
Net incoming resources before transfers
Transfers between funds
**Net movement in funds**
Balances b/fwd 1 January
Balances c/fwd 31 December
**Net incoming resources before other**
**recognised gains/(losses)**|Unrestricted Fund
Restricted Fund
Total 2022
Total 2021
£
£
£
£
303,934
595,659
899,593
881,721
-
-
-
1,292
91
204
295
-
41,943
3,351
45,294
5,666| |---|---| ||345,969
599,214
945,182
888,679| ||285,114
1,247,135
1,532,249
750,427
8,846
-
8,846
-| ||293,960
1,247,135
1,541,095
750,427| ||| ||52,008
(647,922)
(595,913)
138,252| ||(32,642)
32,642
-
-| ||19,366
(615,279)
(595,913)
138,252| ||| ||19,366
(615,279)
(595,913)
138,252| ||| ||82,808
764,072
846,880
708,628| ||| ||102,174
148,793
250,967
846,880| 11 ## Balance Sheet at 31 December 2022 |Note
**Fixed assets**
Tangible
**Current assets**
Debtors
Short-term deposits
Cash at bank and in hand
**Liabilities**
Creditors (due within one year)
**Net current assets**
Creditors (due after one year)
**Total net assets**
**Represented by parish funds**
**Unrestricted**
**Restricted**|Unrestricted Fund
£
35,178|Restricted Fund
Total 2022
£
£
-
25,101|Total 2021
£
-| |---|---|---|---| ||35,178|-
35,178|-| ||9,540
-
61,022|2,311
11,850
-
-
217,199
285,265|47,777
-
933,522| ||70,562|219,510
290,072|981,300| ||3,566|70,717
74,283|134,420| ||102,174|148,793
250,967|846,880| ||-|-
-|-| ||102,174|148,793
250,967|846,880| |||**2022**
102,174
148,793
250,967|**2021**
82,808
764,072| ||||846,880| 12 ## **Independent Examiner’s Report to the Parochial Church Council of the Ecclesiastcal Parish of St Michael and St George, Fulwell** I report on the accounts of the PCC of The Ecclesiastcal Parish of St Michael and St George, Fulwell for the year ended 31 December 2022. ## **Respectve Responsiiilites of Trustees and Examiner** The charity’s trustees are responsible for the preparaton of the accounts. The charity’s trustees consider that an audit is not required for this year under secton 144(2) of the Charites Act 2011 (the 2011 Act) and that an independent examinaton is needed. ## It is my responsibility to: - examine the accounts under secton 145 of the 2011 Act - to follow the procedures laid down in the general Directons given by the commission under secton 145(5)(b) of the 2011 Act - to state whether partcular maters have come to my atenton ## **Basis of Independent Examiner’s Report** My examinaton was carried out in accordance with the general Directons given by the Charity Commission. An examinaton includes a review of the accountng records kept by the charity and a comparison of the accounts presented with those records. It also includes consideraton of any unusual items or disclosures in the accounts, and seeking explanatons from you as trustees concerning any such maters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those maters set out in the next statement. ## **Independent Examiner’s Statement** In connecton with my examinaton, no mater has come to my atenton: 1. which gives me reasonable cause to believe that in any material respect the requirements: - to keep accountng records in accordance with secton 130 of the 2011 Act and - to prepare accounts which accord with the accountng records and comply with the accountng requirements of the 2011 Act have not been met; or 2. to which, in my opinion, atenton should be drawn in order to enable a proper understanding of the accounts to be reached. Craig McDowell 16-May-2023 56 The Bitoms, ingston-upon-Thames, T1 2AP