##
##
#
##
##
##
##
|||||||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|