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2022-12-31-accounts

Registered Charity: 1193766

THE PAROCHIAL CHURCH COUNCIL OF HARNHAM: ST GEORGE AND ALL SAINTS

REPORT AND ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2022

Contents

Page

The following pages do not form part of the statutory accounts:

THE PAROCHIAL CHURCH COUNCIL OF HARNHAM: ST GEORGE AND ALL SAINTS ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

Background

The parish is situated on the southern outskirts of Salisbury and is part of the Salisbury Deanery.

The object of the Parochial Church Council (PCC) is to co-operate with the clergy in promoting in the parish the whole mission of the Church; pastoral, evangelistic, social and ecumenical.

The PCC was a charity excepted from registration with the Charity Commission, however it was decided to complete registration and this took effect on 10 March 2021 with the registered number of 1193766.

The address for correspondence is the Secretary; Mrs L Baker, 47 Middle Street, Salisbury.

The Reverend Rebecca Roberts was installed as Vicar on 18 January 2013.

Members and Officers of the PCC

Members of the PCC are either ex officio or elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules.

The following persons served on the PCC during the year:

Clergy Reverend Rebecca Roberts (Vicar) Reverend Julian Poppleton (Assistant Priest) Curate Reverend Mike Badger Churchwardens All Saints' Church:Mr R Salkeld St George's Church:Mr C Woodd Deanery/Diocesan Synod Representatives Mr N Turpin Mrs K Carter Elected members until APCM 2022 Mrs J Woodford until APCM 2023 Mrs E Wilson until APCM 2024 Mrs D Mussellwhite Mrs A McGarry Dr K Mash Mrs J Brown Mrs J West resigned in year Mrs V Overton Mrs J Tilley Officers Chairman Reverend Rebecca Roberts Vice-Chairman Mr C Woodd Secretary Mrs L Baker Treasurer Mr M Fisher

APCM 2022 = Annual Parish Church Meeting 29 May 2022

Trustee Induction and Training

Churchwardens and Officers attend training sessions held by the Diocese. Other members of the PCC are encouraged to attend courses from time to time, according to their personal needs and interests. The PCC has not adopted a formal training regime.

Advisers

Bankers - Lloyds Bank plc (Salisbury), and the Central Board of Finance of the Church of England.

Page 1

THE PAROCHIAL CHURCH COUNCIL OF HARNHAM: ST GEORGE AND ALL SAINTS ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 (continued)

Committees

The PCC met 7 times during the year including the APCM. Between meetings it operates through its Standing Committee. It has appointed working groups or sub-committees for certain tasks including, Worship, Social Events, Property, Hall, Mission and Outreach, Children and Young Peoples' Work.

The Standing Committee is the only committee required by law. It has power to transact the business of the PCC between its meetings, subject to any directions given by the PCC.

Review of financial activities

The income from giving, excluding legacies and parochial fees, was £104,872 (2021: £129,456). Restricted Donations to the Hall Transformation Fund including Gift Aid Tax recoverable amounted to £25,163 (2021: £47,234). A legacy of £10,000 for the Hall was receivable in 2022 (2021: £1,000). A Loss of Income grant following the Covid pandemic of £2,500 (2021: £5,900) was received from Wiltshire County Council in respect of the Hall.

Diocesan Share was set at £69,835 (2021: £66,844) for the year and was fully paid, after accounting for a late payment in January 2023; due to the lack of Reserves the Share for 2021 was underpaid by £2,878. Away Giving had to be curtailed again due to the shortage of unrestriced funds. A number of improvements to the Hall were made, and equipment and furnishings purchased, funded from the Transformation Fund, which was augmented by £78,550 from the disposal of a restricted investment.

An overall surplus of £7,875 (2021: £44,161) for the year arose before the change in value of investments. There was a deficit in unrestricted funds of £13,436 (2021: surplus £882). The total losses on investments amounted to £21,446 (2021: surplus £24,685). A transfer from Restricted to Unrestricted Funds of £118,118 (2021: £6,073) accounted for the Fixed Assets purchased from Restricted Funds.

Reserves and Investments Policy

The PCC do not intend to accumulate reserves beyond the anticipated requirements. The unrestricted reserves of £112,339 are adequate for the working capital and routine maintenance of the churches and the hall, but they will be eroded in the future by depreciation of the new fixed assets and the shortfall of unrestricted income versus expenditure. The Restricted Funds, however, will guarantee the financing of immediately foreseeable church repair works.

It is the policy of the PCC to maintain its investments as shown in note 4.

The annual report was approved by the PCC on 21 May 2023 and signed on their behalf by:

R Roberts

Vicar and Chairman

M J Fisher

Treasurer

Page 2

THE PAROCHIAL CHURCH COUNCIL OF HARNHAM: ST GEORGE AND ALL SAINTS INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

I report on the accounts of The Parochial Church Council of Harnham: St George and All Saints for the year ended 31 December 2022, which are set out on pages 4 to 9.

This report is made solely to the Charity’s Trustees, as a body, in accordance with section 154 of the Charities Act 2011. My examination has been undertaken so that I might state to the Charity’s Trustees those matters I am required to state to them in an independent examiner’s 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 independent examination, for this report, or for the opinions I have formed.

Respective responsibilities of Trustees and examiner

The Charity’s Trustees are responsible for the preparation of the accounts. The Charity’s Trustees consider an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes a consideration of any unusual items or disclosures in the accounts and seeking explanations from you as Trustees concerning any such matters. 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 matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

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V J Poole 18 St Georges Road Salisbury Wiltshire SP2 8LU

Date: May 2023

Page 3

THE PAROCHIAL CHURCH COUNCIL OF

HARNHAM: ST GEORGE AND ALL SAINTS STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022

Unrestricted
Funds
INCOMING RESOURCES
Incoming resources from generated funds:
Voluntary income
Incoming resources from donors
76,514
Other voluntary income
9,149
Legacies
-
Activities for generating funds:
Charitable and ancillary trading
22,445
Investment income
3,375
Total incoming resources
Note 10
111,483
RESOURCES EXPENDED
Cost of generating funds:
Expenses of charitable and ancillary trading
14,508
Charitable activities
Donations & distributions
687
Directly relating to the work of the Church
92,280
Church management and administration
17,444
Total resources expended
Note 11
124,919
NET INCOMING/(OUTGOING) RESOURCES
FOR YEAR
(13,436)
Gains/(Losses) on investments Note 4
(314)
NET INCREASE/(DECREASE) IN FUNDS
(13,750)
Transfers between Funds
118,118
Fund balances at 1 January
7,971
Fund balances at 31 December
£112,339
Note 7		 Restricted
Funds
3,440
21,961
10,000
(6,473)
486
29,414
95
3,440
4,568
-
8,103
21,311
(9,246)
12,065
(118,118)
240,910
£134,857
Note 8		 Endowment
Funds
-
-
-
-
-
-
-
-
-
-
-
-
(11,886)
(11,886)
-
141,382
£129,496		 Total
Unrestricted
2022
Funds
79,954
70,547
31,110
14,293
10,000
1,000
15,972
18,660
3,861
4,566
140,897
109,066
14,603
9,672
4,127
711
96,848
83,012
17,444
14,789
133,022
108,184
7,875
882
(21,446)
336
(13,571)
1,218
-
6,073
390,263
680
£376,692
£7,971		 Restricted
Endowment
Funds
Funds
1,981
-
50,642
-
-
-
-
-
471
-
53,094
-
2,405
-
1,981
-
5,429
-
-
-
9,815
-
43,279
-
11,656
12,693
54,935
12,693
(6,073)
-
192,048
128,689
£240,910
£141,382		 Total
2021
72,528
64,935
1,000
18,660
5,037
162,160
12,077
2,692
88,441
14,789
117,999
44,161
24,685
68,846
-
321,417
£390,263

All activities relate to continuing operations.

Page 4

THE PAROCHIAL CHURCH COUNCIL OF HARNHAM: ST GEORGE AND ALL SAINTS BALANCE SHEET

AS AT 31 DECEMBER 2022

Notes
FIXED ASSETS
Freehold Property
3
Equipment and Furniture
3
Investments (at Market Value)
4
TOTAL FIXED ASSETS
CURRENT ASSETS
CBF Deposit Account
Current Accounts
Debtors and Prepayments
5
Less:CURRENT LIABILITIES
Amounts due within one year
6
NET CURRENT ASSETS
TOTAL NET ASSETS
Representing:
ENDOWED FUNDS
7
RESTRICTED FUNDS
8
UNRESTRICTED FUNDS		 2022
40,000
123,378
96,784
260,162
46,247
45,942
36,977
129,166
12,636
116,530
£376,692
129,496
134,857
112,339
£376,692		 2021 2021
46,247
45,942
36,977
129,166
12,636		 45,078
73,247
39,223
157,548
10,532		 40,000
6,467
196,780
243,247
147,016
£390,263
141,382
240,910
7,971
£390,263

The accounts were approved and authorised for issue by the PCC on 21 May 2023 and were signed on their behalf by:

R Roberts

Chairman

M J Fisher

Treasurer

Page 5

THE PAROCHIAL CHURCH COUNCIL OF HARNHAM: ST GEORGE AND ALL SAINTS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022

1. ACCOUNTING POLICIES

2. RESOURCES EXPENDED

3. FREEHOLD PROPERTY AND TANGIBLE ASSETS

Freehold Property

St George's Hall was valued by the Trustees at £40,000, as an estimate of the value to the PCC, based on a capitalisation of the hall's PCC usage at commercial rates, in March 2007.

Equipment and Furnishings
Cost
at 1 January 2022
Additions in Year
at 31 December 2022
Depreciation
at 1 January 2022
Charge for the Year
at 31 December 2022
Net Book Value
at 31 December 2022
at 31 December 2021
VESTMENTS
Market value at 1 January
Proceeds of disposal
Gains/(losses) in year
Market value at 31 December
The holdings consist of :-
Units
Central Board of Finance of the Church of England's
Investment Fund.
4676.48
Fixed Interest Fund
171
(The original cost of the investments is not known.)		 Total
6,664
118,118
124,782
197
1,207
1,404
123,378
6,467
2022
196,780
(78,550)
(21,446)
£96,784
Value
96,550
234
£96,784		 Electronic
Equipment
1,845
3,760
5,605
197
448
645
4,960
1,648
Units
8402.62
171

4. INVESTMENTS

Page 6

THE PAROCHIAL CHURCH COUNCIL OF HARNHAM: ST GEORGE AND ALL SAINTS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022

5. DEBTORS AND PREPAYMENTS

EBTORS AND PREPAYMENTS
Gift Aid Income Tax Receivable
Hall Rent Receivable
Legacies Receivable
Other Debtors
Investment Income Receivable
Prepaid Expenditure		 2022
18,683
1,082
10,000
7,212
-
-
£36,977		 2021
8,800
2,331
-
6,854
209
21,029
£39,223

Prepaid Expenditure in 2021 consisted of deposits for purchases completed in 2022.

6. CREDITORS AND ACCRUALS

Sundry Creditors
Outstanding Share
Accrued Expenditure		 2022
6,443
5,820
373
£12,636		 2021
5,783
3,000
1,749
£10,532

7. ENDOWED FUNDS

(Funds that provide income but cannot be expended)
St George's Hall Property Fund
Warre Trust
Eckett (Churchyard) Trust
Mitchell (Churchyard) Trust
West Harnham Church Hall Fund		 Balance at
Investment
Balance at
1 January
Gains & 31 December
2022
(Losses)
2022
40,000
-
40,000
88,453
(10,366)
78,087
270
(36)
234
11,536
(1,352)
10,184
1,123
(132)
991
£141,382
(£11,886)
£129,496		 Balance at
Investment
Balance at
1 January
Gains & 31 December
2022
(Losses)
2022
40,000
-
40,000
88,453
(10,366)
78,087
270
(36)
234
11,536
(1,352)
10,184
1,123
(132)
991
£141,382
(£11,886)
£129,496
40,000
78,087
234
10,184
991
£129,496

St George's Hall Property Fund - the land on which the hall was built was bequeathed as a permanent

endowment for ecclesiastical purposes. The PCC acts as managing trustees for the hall and field, which are held by the Diocesan Board of Finance as custodian trustees.

Warre Trust - income is available for general purposes, while no stipendiary curate is appointed, however the Diocese has confirmed that this will not be enforced.

Eckett (Churchyard) Trust - income may be used for general purposes, as long as certain graves are maintained.

Mitchell (Churchyard) Trust - income is to be applied to the maintenance of All Saints churchyard.

West Harnham Church Hall Fund - income must be applied to the maintenance of the church hall.

Note -

St George's Hall and West Harnham Church Hall are the same property, now known as Harnham Parish Hall.

Page 7

THE PAROCHIAL CHURCH COUNCIL OF HARNHAM: ST GEORGE AND ALL SAINTS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022

8. RESTRICTED FUNDS

(Funds that can only be expended
on specified purposes)
60 St George's Road Fund
Churchyard Fund
Appeal for both Churches
++
Friends of Harnham Churches
++
William Snow Memorial Fund
++
Organ Fund (general)
++
White - All Saints' Organ Fund
++
Pike - St George's Repair Fund
++
Snelling - All Saints' Projects
++
Harper - St George's generally
++
Wilcockson - Hall
++
Hall Transformation
++
St George's Warre Artwork
++
Vicar's Discretionary Fund
++
Flower Funds

Bumps, Babes and Blessings

Messy Church
**
Specific Collections
Other Income in the year
(60.00)		 Balance at
1 January
2022
87,142
3,310
3,059
29,065
6,202
3,476
9,209
2,037
16,996
1,000
-
70,793
4,836
2,455
265
299
124
-
642
£240,910		 Incoming
Resources
-
-
-
2,099
-
-
-
-
-
-
10,000
93,713
-
-
-
-
-
3,440
5,124
£114,376		 Investment
Gains &
(Losses)
(8,592)
(654)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(£9,246)		 Expended
inyear
(78,550)
-
-
(3,560)
-
-
(258)
-
-
-
-
(120,831)
-
(498)
(50)
-
-
(3,440)
(4,056)
(£211,243)		 Balance at
31 December
2022
-
2,656
3,059
27,604
6,202
3,476
8,951
2,037
16,996
1,000
10,000
43,675
4,836
1,957
215
299
124
-
1,710
£134,797

60 St George's Road Fund - Diocesan approval was obtained for this fund to be expended on projects classed as "suitable capital projects". £42,750 from this fund was used in 2006. The rest of this fund was realised in 2022 and the proceeds transferred into the Hall (Hub) Transformation Fund.

Churchyard Fund - for the benefit of All Saints. Status and origins currently uncertain.

Appeal and Friends - for the repair and improvement of both churches. Both funds were launched during 2006.

William Snow Memorial Fund - this fund was created by a gift from Mr Snow (now deceased) to install glass doors at All Saints' Church but practicalities and costings proved prohibitive and his representatives have directed that other projects will be undertaken from the fund in his memory.

++ = Specific donations not yet expended

** = Self financing activities

Other Income in the year - donations and investment income from endowments for specified purposes, most of which were both received and fully expended during the year.

9. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Fixed Asset Investments and Property
Current Assets
Current Liabilities		 Unrestricted
11,412
113,563
(12,636)
£112,339		 Restricted
119,254
15,603
-
£134,857		 Endowed
129,496
-
-
£129,496		 Total
260,162
129,166
(12,636)
£376,692

Page 8

THE PAROCHIAL CHURCH COUNCIL OF HARNHAM: ST GEORGE AND ALL SAINTS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022

10. INCOMING RESOURCES
Incoming resources from donors
Planned giving
Donations under Gift Aid
Gift Aid Tax recoverable thereon
Parish Giving Scheme
Donations not under Gift Aid
Collections
Other voluntary income
Donations, Appeals, etc
Parochial Fees
Legacies
Income from charitable and ancillary trading
Parish Magazine
Church Hall
Investment income
Dividends and Interest
11. RESOURCES EXPENDED
Expenses of charitable and ancillary trading
Parish Magazine
Church Hall
Donations and Distributions
Home mission and Church
Subscriptions
Special collections
Directly relating to the work of the Church
Ministry: Diocesan Share
Clergy Expenses, Services, Music, etc
Church running and maintenance
Churchyards
Church management and administration		 Unrestricted
24,541
6,138
35,474
1,637
8,724
76,514
2,957
6,192
9,149
-
2,291
20,154
22,445
3,375
£111,483
Unrestricted
622
13,886
14,508
400
210
77
687
69,835
7,777
8,190
6,478
92,280
17,444
£124,919		 2022
Restricted
-
-
-
-
3,440
3,440
21,961
-
21,961
10,000
-
-
-
486
£35,887
2022
Restricted
66
6,502
6,568
-
-
3,440
3,440
-
3,473
598
497
4,568
-
£14,576

Page 9

THE PAROCHIAL CHURCH COUNCIL OF HARNHAM: ST GEORGE AND ALL SAINTS DETAILS OF INCOMING RESOURCES FOR THE YEAR ENDED 31 DECEMBER 2022

2022 2021
Unrestricted Restricted Total Total
Incoming resources from donors
Planned giving
Donations under Gift Aid 24,541 - 24,541 23,306
Gift Aid Tax recoverable thereon 6,138 - 6,138 5,880
Parish Giving Scheme 35,474 - 35,474 31,779
Donations not under Gift Aid 1,637 - 1,637 979
67,790 - 67,790 61,944
General Collections 8,724 - 8,724 8,603
Specific Collections - 3,440 3,440 1,981
76,514 3,440 79,954 72,528
Other voluntary income
Unrestricted
General Donations 2,486 - 2,486 5,836
Parochial Fees 6,192 - 6,192 8,007
Historic Churches Cycle Ride 471 - 471 450
Restricted (including Gift Aid Tax recoverable)
Friends Subscriptions - 2,160 2,160 2,150
Hall Transformation Fund - 15,163 15,163 47,234
Other Restricted Donations - 4,638 4,638 1,258
9,149 21,961 31,110 64,935
Legacies
Helen Wilcockson for Hall - 10,000 10,000 -
Irene Wells for general purposes - - - 1,000
- 10,000 10,000 1,000
Net income from charitable and ancillary trading
Parish Magazine
Receipts 2,291 - 2,291 2,289
Expenses (622) (66) (688) (559)
1,669 (66) 1,603 1,730
Parish Hall
Rental and other Income 18,444 - 18,444 15,501
Parish usage (estimated) 1,710 - 1,710 870
Routine Expenses (13,886) (29) (13,915) (9,700)
Transformation Costs - (6,473) (6,473) (1,818)
6,268 (6,502) (234) 4,853
Total net income from charitable and ancillary trading 7,937 (6,568) 1,369 6,583
Investment income
Dividends and Deposit Interest 979 - 979 2,250
General Income from Trusts 2,396 - 2,396 2,316
Restricted Income from Trusts - 486 486 471
3,375 486 3,861 5,037
£96,975 £29,319 £126,294 £150,083

Page 10

THE PAROCHIAL CHURCH COUNCIL OF HARNHAM: ST GEORGE AND ALL SAINTS DETAILS OF RESOURCES EXPENDED FOR THE YEAR ENDED 31 DECEMBER 2022

2022 2021
DONATIONS AND DISTRIBUTIONS Unrestricted Restricted Total
Home mission and Church
The Bridge Youth Project 400 400
Total Mission and Away Giving 400 - 400 400
Subscriptions
The Friends of Salisbury Cathedral 10 10
Wiltshire Historic Churches Trust 200 200
210 - 210 210
Special Collections (collected) (disbursed) (disbursed)
Appeals to Congregation
Christmas Appeals
2021 Salisbury Trust for the Homeless - 30 30 287
2022 Salisbury Trust for the Homeless - 478 478 -
2022 Morning Star - 478 478 -
Laptops Appeal for School - 1,156
Christian Aid - 100
Bereavement Service for Cruse Bereavement Care - 50
Remembrance for Royal British Legion 30 70 100 200
Alabare Christian Care Centres - 50
Salisbury Trust for the Homeless - 50
DEC Afghanistan 26 824 850 -
DEC Ukraine 15 1,185 1,200 -
DEC Pakistan 6 294 300 -
Other receipts for other charities - 81 81 189
77 3,440 3,517 2,082
£687 £3,440 £4,127 £2,692
Income from unrestricted giving, excluding legacies and parochial fees 79,471 76,833
The above totals can be expressed as a % of this 5.19% 3.50%
In addition the Parish supports local charitable activities with cooperation, publicity and discounted
hall hire rates.

Page 11

THE PAROCHIAL CHURCH COUNCIL OF HARNHAM: ST GEORGE AND ALL SAINTS DETAILS OF RESOURCES EXPENDED FOR THE YEAR ENDED 31 DECEMBER 2022

Unrestricted
DIRECTLY RELATING TO THE WORK OF THE CHURCH
Diocesan Share
Total, net of Direct Debit Discount
69,835
Clergy Expenses
1,810
Upkeep of Churches
Insurance
3,735
Heat Light and Water
2,372
Routine Repairs and Maintenance
2,083
8,190
Major projects and repairs to Churches
All Saints - glazing
-
St Georges - glazing
-
-
Cost of Services
827
Churchyards
6,478
Music, Youth and Support
Organists and Music
3,161
Use of Hall by Parish
1,710
Youth Activities
174
Functions and Courses
95
5,140
£92,280
CHURCH MANAGEMENT AND ADMINISTRATION
Administrator's Pay
7,473
Equipment and Website
7,630
Bank Charges
366
General Costs
1,975
£17,444		 2022 Total
69,835
2,308
3,735
2,372
2,681
8,788
-
-
-
3,775
6,975
3,161
1,710
201
95
5,167
£96,848
7,473
7,630
366
1,975
£17,444		 2021
Restricted
-
498
-
-
598
598
-
-
-
2,948
497
-
-
27
-
27
£4,568
-
-
-
-
-		 63,966
1,319
3,608
2,606
1,426
7,640
867
1,532
2,399
1,993
5,689
3,425
870
282
858
5,435
£88,441
6,790
6,237
408
1,354
£14,789

Page 12

THE PAROCHIAL CHURCH COUNCIL OF HARNHAM: ST GEORGE AND ALL SAINTS ST GEORGE'S CHURCH HALL - HARNHAM PARISH HALL FOR THE YEAR ENDED 31 DECEMBER 2022

INCOME
Rents
Wiltshire County Council - loss of income grant
Parish Usage (based on booking records)
Investment Income (see Endowment note)
EXPENDITURE
Insurance, Heat, Light and Water
Cleaning and materials
Maintenance and Repairs
Administration
ROUTINE SURPLUS FOR THE YEAR
Transformation Costs (see below)
Accelerated maintenance and consumables
NET (DEFICIT) / SURPLUS FOR THE YEAR
ENDOWMENT		 2022
15,945
2,500
1,710
29
20,184
7,634
2,451
1,600
2,230
13,915
£6,269
6,473
(£204)		 2021 2021
15,945
2,500
1,710
29
7,634
2,451
1,600
2,230		 9,601
5,900
870
29
4,104
2,014
1,798
1,784		 16,400
9,700
£6,700
1,818
£4,882
ENDOWMENT
There is an endowment fund, the capital of which may not be expended. The income has to be applied
to the maintenance of the hall. The fund is represented by an investment in 48 units of the
Central Board of Finance of the Church of England's Investment Fund.
Market Value
£991
HALL TRANSFORMATION
2022
2021
Expenditure
Transformation Costs included above
6,473
1,818
Costs Capitalised as Fixed Assets
114,358
4,819
Prepaid deposits for 2022 work
(19,183)
19,183
Total Costs Funded by Appeal
£101,648
£25,820
Fund
Balance brought forward
51,610
30,196
Income arising
25,163
47,234
Investment Proceeds
78,550
-
Expenditure
(101,648)
(25,820)
Balance carried forward
£53,675
£51,610		 £1,123
2020
3,525
-
-
3,525
21,498
12,223
-
(3,525)
£30,196

All the above figures are included in the PCC Accounts

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