2022-12-31-accounts

						TOTAL	TOTAL
				Unrestricted	Restricted	FUNDS	FUNDS
			Notes	Funds f	Funds F	2022f	2021
Incoming resources
Voluntary income			2a	37,806	-11,199	26,607	83,016
Activities forgenerating	funds		2b	63,695		63,695	59,120
Church activities			2c	840	1,460	2,300	2,178
Other incoming resources			2d	1,407	2,802	4,209
Fabric Accountincome			28		37,196	37,196	91,935
Total incoming resources				103,748	30,259	134,007	236,249
Resources expended
Costs ofgenerating voluntary income			3a	186		186	148
Fund-raising trading costs			3b	205		205	230
Church activities			3c	108,574	8,459	117,033	121,305
Fabric Account costs			3d		61,164	61,164	42,632
Total resources expended				108,965	69,623	178,588	164,315
Net incoming/(outgoing)		resources		-5,217	-39,364	-44,581	71,934
Net movement in funds				-5,217	-39,364	-44,581	71,934
Total funds brought forward		at 1 January 2022		-8,912	-34,264	-43,176	-115,110
Total funds carried forward at 31 December 2022				-14,129	-73,628	-87,757	-43,176

			Notes		2022	2021
Fixed assets
Tangible fixed assets					1,643,326	1,517,369
Other assets
Long Term Investments		(Net)	Sa		441,396	499,993
Total non current	assets				2,084,722	2,017,362
Current assets
Debtors			7	4,286		22,292
Cash at bank and in hand			6	98,640		86,754
				102,926		109,046
Creditors: amounts	falling due within one year		8	-7,375		-27,511
Net current assets					95,551	81,535
Total assets less liabilities					2,180,273	2,098,897
NET ASSETS					2,180,273	2,098,897
Funds					2,180,273	2,098,897
					2,180,273	2,098,897

PAROCHIAL CHURCH COUNCIL OF STMARY, WILLESDEN	PAROCHIAL CHURCH COUNCIL OF STMARY, WILLESDEN
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
1.Accounting poficles
e	Accounting convention
	The PCC is a public benefi entity within Ihe meaning ofFRS102. The financial				stalemenls		have		been prepared					under		the	Charities Act 2011 and					in	accordance
	vnth the Church Accounting Regulations 2006 governing the individual		accounts		of PCCs, and vnlh Ihe Regulafions' "true and fair view" provisions																		It is also	Ihe
	first year that they have been prepared under FRS102(2016)as Ihe		sppficable		sccounfing		standards			and	the		2016 version					of Ihe Statement		of Recommended
	Practice, Accounting and Reporfing by Charitie (SORP (FRS102)).
	the financial statements include ag transactions, assets and fiabfifiies for whioh			the PCC is responsible						in law.
b	Funds accounting
	Funds held by the PCC are.
	Ifnreslricted funds - general funds which can be used for PCC ordinary purposes
	Reepicfed funds - donations or grants received fors specific	oblect or Invited		by Ihe PCC for a specific object.										The funds			may only be expended				on		Ihe specglc
	object for which they were given Any balance remaing unspent at the		end ofthe		year is cerned			forward		as a	balance an					that	fund.
c	Incoming resources
	Afi incoming resources ere accounted for gross.
	Voluntary income
	Collecfioris are recognised when received.
	Planned gmng receivable is recognised only when received.
	income lex recoverable on Gifi Aid dcnacons is recognised when the income Is recognised.
	Income fiominvesfments
	Interest entitlements are sccounlered foras they accrue.
	Ail other income
	Afi other income Isrecognised when fi is receivable
d	Resources used
	Resources expended sre accounted for on an acuusls basis and are accounted				forgross.
	Cliui cli Aciivltms
	The diocesan pansh conlribution is accounted for when paid.
e	Fixed Assets
	Tangible lixed assets
	Consecrated and beneficed property ofany kind is excluded from the accounts bye.10(2)(a)					and (c)cf				Ihe Charitie					Act	2011.
f	Investments
	The Church assesses investmenls for impairment whenever	events	or changes		In circumstances				indicate		thai		the canying					value of an investment					may not	bs
	recoverable. If any such indication of impairment exists, the	Church	makes	an estimate		of the recoverable							amounl.			If	Ihe recoverable		amount			of the cash-
	generafing function is less than Ihe value of the investment,	the investment		Is considered				to be impaired				and			is written		down to ils recoverable						amount.	An
	impairment loss orfavourable reversals sre reoognissd immediately in		the "Statement ofFinsnuel						Achvifiesh
g	Current Assets
	Amounts owing to the PCC at 31 December in respect ottees,	rents orother income are shown						as	debtors.
h	Provlsioits
	pmvisions recognised in the balance sheet are reviewed at the	reporting date and adjusted to					refiecl the current					best essmate ofthe setgsment								amount.
	Provisions for liabilities or charges are measured at Ihe best estimate of their seltlement value.							IfIhe sefilement				date			ofa	provision is likely to be				more		than 12
	months from the reporang date and the ume value ofmoney is	material	to the amount, Ihe provision						is shown al			its		present value at Ihs reporting						date.		Ths dlsoount
	rate will refiecl the cost of capital by using a market rale ofinterest representative				ofthe financing cost lo StMarVs.

									TOTAL	TOTAL
							Unrestricted	Restdicted	FUNDS	FUNDS
							Funds	Funds	2022	2021
						Notes		f	f	f
a	Voluntary income
	Planned giving						25,017		25,017	23,841
	Collections at all	services					3,544		3,544	2,127
	Gift Day						100		100
	National Heritage	Grant	(Below		- (Yr2022) )	2a1		-15,505	-15,505	26,959
	Sundry donations	and appeals					1,880	4,306	6,186	17,010
	Income tax recoverable						7,265		7,265	13,079
							37,806	-11,199	26,607	83,016
b	Activities for generating		funds
	Bazaars and other fundraising			events			2,458		2,458	868
	Parish Centre Lettings						35,160		35,160	34,280
	Cottage Rents						26,077		26,077	23,972
							63,695		63,695	59,120
c	income from Church Ac5vities
	Fees from weddings, funerals etc.						840	1,460	2,300	2,178
							840	1,460	2,300	2,178
d	Other incoming resources
	Other Income						1,407	2,802	4,209
							1,407	2,802	4,209
e	Fabric Account
	VAT Reclaim on	Church	Building		Repairs			1,162	1,162	1,374
	Sundry donations	and appeals								15,000
	Gift Day							420	420
	National Heditage	Grant	(Below)					22,476	22,476
	Long Term Investment		Income		CBFInvestment
	Fund Dividend							13,138	13,138	12,706
	Reversals on LT	Investments								62,855
								37,196	37,196	91,935
	Total incoming	resources					,7 8	30,259	134,007	236,249

	3 Resources expended
											TOTAL		TOTAL
								Unrestricted	Restricted		FUNDS		FUNDS
								Funds	Funds		2022		2021
								f	f		6		f.
a	Costs ofgenerating vo/untary			income
	Stewardship costs							186				186	148
								186				186	148
b	Fundraising trading costs
	Bazaar/Traidcraft/etc.	costs						205				205	230
								205				205	230
c	Church Activities
	Missionary and charitable		giving:
	Overseas:
	Embrace the Middle East							850				850	850
	Mary's Meals							500				500
	Oji River Leprosy	Centre						850				850
	Covax							-850			-850		850
	Operation Smile												850
	Mercy Ships												850
	Home:
	Roal'd Dahl's Marvellous			Children's		Charity		850				850
	British Red Cross							850				850
	Harvest - Food Bank									156		156
	Carol Service - Food bank									30		30
	Backpacks								3,617		3,617		2,170
	Jason Roberts Foundation												-700
	Church:
	The Passage							850				850
	Tario UK							850				850
	Chdistingle Collection - Children's				Society					107		107	208
	Bishop ofWillesden's		Discretionary			Fund			287			287
	St Mungo's												850
	The Children's Society												850
	The Children's Society		Haiti Earthquake				Appeal						303
								4,750	4,	197	8,947		7,081
	Ministry costs:
	Diocesan Parish Contribution							51,262			51,262		50,267
	Clergy General Expenses:							905				905	273
	Vicarage Costs							1,357			1,357
	Telephone							1,018			1,018		1,026
	Church Running Expenses:
	Heating, Lighting,	Insurance						8,484		-85	8,399		7,389
	Other							845				845	2,330
	Church Maintenance:
	Minor Repairs								-206		-206		1,745
	Major Works (Steel Gates)												4,800
	Organ/Piano tuning							789				789	255
	Upkeep ofServices							1,448			1,448		1,405

								TOTAL	TOTAL
						Unrestricted	Restdfcted	FUNDS	FUNDS
						Funds f	Funds f	2022f	2021f
	Training Costs:
	Sunday School					258		258	327
	Education								194
	Little Fishes					35		35	530
	Confirmation/First			Communion		25		25	77
	Chdfstingle					92		92	82
	Zoo Tdip					170		170
	Walsingham	Pilgrimage				284		284
	Parish Centre Costs:
	Upkeep					14,260	3,182	17,442	16,038
	Major Works					11,916		11,916	1,776
	Other PCC Property;
	Upkeep ofCottages					1,299		1,299	1,615
	Major Works	Cottages							13,371
	Salaries and fees:
	Organist					4,410		4,410	4,170
	Administration:
	General					1,510	-11	1,499	1,447
	Paper and Photocopying					1,210	-24	1,186	610
	Photocopier					1,342	-54	1,288	1,342
	Computer Supplies					579		579	839
	Mission					103		103	55
	Bank Charges					223		223	46
	Pilgrimage								106
	Fogger								584
	Statutory Fees to the Diocese						1,460	1,460	1,525
						108,574	8,459	117,033	121,305
d	Fabric Account Costs
	Roof Survey						2,304	2,304
	Bank Charges							63
	Gift Day Repayment						200	200
	Impairment on		LT Investments		-CBFInvestment		58,597	58,597
	Archaelogical		Impact Assessment						2,029
	Churchyard Drain work								3,264
	No. 1 Cottage		Works						30,362
	Steel Gates								6,972
							61,164	61,164	42,632
	Total resources expended					108,965	69,623	178,588	64,315

Analys	is ofNet assets by fund
		Unrestricted	Restricted	Endowment	Total Funds
		Fundsf	Funds f	Funds f	2022f
Fixed assets for Church use		1,643,326			1,643,326
Investments by Church			441,396		441,396
Current	Account @31/12/22	12,378			12,378
Fabric	Account @31/12/22		86,262		86,262
Current	assets	4,006	280		4,286
Current	liabilities	4,456	-2,919		-7,375
		1,655,254	525,019		2,180,273

7	Debtors and Pre-Payments	Debtors and Pre-Payments
					2022f	2021f
	Voluntary Income:
	Income Tax Recoverable				3,583	7,068
	Planned Giving				50
	Sundry donations and	appeals		Restricted	107	35
	Income from Church Activities
	Fees from weddings etc				53
	Fees from weddings etc			Restricted	173
	Activities for Generating	Funds:
	Bazaars and other fund-raising		events			69
	Parish Centre Lettings				320	120
	Fabric Account Income:
	Sundry donations and	appeals		Restricted		15,000
					4,286	22,292
8	Creditors: amounts falling due within one year
					2022	2021f
	Voluntary Income:
	Grant Repayment ofOver Claim			Restricted		6971
	Sundry donations and	appeals		Restricted		15000
	Parish Centre Lettings					2800
	Overseas:
	Covax					850
	Oji River Leprosy Centre				850
	Home:
	Children's Society			Restricted	107
	Harvest —Food Bank			Restricted	156
	Carol Service - Food bank			Restricted	30
	Clergy Expenses
	Clergy General Expenses					7
	Telephone				52	85
	Church Running Expenses
	Heating, Lighting, Insurance				1,464	614
	Church Maintenance:
	Organ/Piano tuning					-518
	Upkeep ofServices				22
	Parish Centre Costs:
	Upkeep				1,465	1139

Training Costs:
Sunday School			22
Little Fishes			9
Christingle		92	9
Administration:
General		88	95
Paper and Photocopying		339
Computer Supplies		65	56
Mission		10	17
Pilgrimage			21
Walsingham Pilgrimage	Restricted	1,320
Bank Charges		9	24
Statutory Fees to the Diocese	Restricted	1,101	305
Fabric Account Expense:
Bank Charges	Restricted	5
Gift Day Repayment	Restricted	200
		7,375	27,511

		Bal b/fwd	Income	Expenditure	Bal c/fwd
		1 Jan 2022			31 Dec 2022
Unrestricted Fund
General fund		969,903			969,903
Insurance revaluation		548,818	125,957		674,775
PCC Unrestricted		-8,912	103,748	-108,965	-14,129
Restricted Fund
PCC Restricted		22,008	-6,937	-8,459	6,612
Fabric Account		-56,272	37,196	-61,164	-80,240
Old Vicarage Payment	from Diocese	180,000			180,000
St Mary's House Sale		443,352			443,352
Total funds		2,098,897	259,964	-178,588	2,180,273