## ## ## |||Page| |---|---|---| |Annual
report ofthe PCC||1-5| |Legal and administrative|information|| |Independent
examiner's|report|| |Statement ofFinancial Activities||| |Balance Sheet||| |Notes to the accounts||10-15| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||||General|Designated|Resbfcted|Endowment|Total|Total| |---|---|---|---|---|---|---|---|---|---|---|---| |||||||funds|funds|funds|funds|2022|2021| |||||||6|E|E||6|E| |Income from:|||||||||||| |Voluntary
givhrg|||||||||||| |Planned
giv'xlg||||||92.686||||92,686|54,924| |Service collections|||||||||||376| |Non-recurring
donations
Gift aid recovered||||||6,193
21,938||6350
1563||23~|16~2
20,730| |Grants received||||||||130.590||130,590|53,046| |||||||121,418||||259,821|145,598| |lmmstnwnts|||||||||||| |Bank and CBFDeposit Fund Interest||||||243|||2|245|5| |Saleoftuorrag|Schonl - dividends|||||1,828||||1,828|1,767| |Fanny lambert|- dividends|||||24||||24|23| |Churchyard - dividends||||||222||||222|215| |||||||2,317|||2|2.319|~20| |Church activities|||||||||||| |Fees relating to weddings|||and funerals|||990||1,454|||2,153| |Events, seMce
Church centre|support, cafe
and chapel lettings|||—community|use|8,829
7.454||||8,829
7~|2,090
2,169| |||||||17,273||1,454||tfk727|6,412| |Other income||||||||1,554||1~4|15,157| |Total income||||||||142piss|2|282,421|169,177| |Expendhure
on:|||||||||||| |Church activities|||||||||||| |Mlssionlupport||||||7,050||1,046||8,096|1,400| |Common fund|support|||||13,920||||13,920|13560| |Salary costs||||||||43.362||43.362|35,615| |Ctergy expenses||||||1,820||||1,820|695| |Staffconferences and training||||||528||||528|524| |Church expenses|||||||||||| |Mission snd evangelism||mats||||17,632||2,273||19,905|8,229| |Church running|costs|||||27,964||||27,964|14/N1| |Church Centre refurbishment||||||||31/I19||31,819|| |StMatthias casts|||||||7,710|||7,710|| |Total expenditure|||||||||||| |Net gains/(losses)|an Invastmenls||||||||(9,302)|(9802)|9/mg| |Net income/(axpemfmau]|||||||P,710)|62,911|(9,300)|117,995|104,241| |Transfer offunds||||||(12,210)||210|||| |Net movement
in|funds|||||59,884|4,290|63,121|(9300)|117,995|104,241| |Total funds breught farward||||||63,948|8,000|64,214|83,794|219,956|115,715| |total funds carried fmwanl||||||123AB2|~|f27~|74.NIS|337 rms|219.996| ||||2021| |---|---|---|---| ||||E| |Fbwd assets|||| |Tanwble assets||328125|18,68D| |Investments||69.714|79,016| |Telal ywed asseh||102.139|97,696| |Current Assets|||| |Balance at bank and cash||233513|118.618| |Debtms||6339|62I27| |Total current assets||239,652|124,645| |Creditors: amounts|falling due within one year|)32ND)|I2.385)| |Nst currMt Sasels||2352I12|122,260| |Tetal aasels less current liabfifiies||337,951|219,956| |Creditors: amounts|faging due alter more than one year||| |Total net assets
~By||337,951|219,956| |FUNDS|||| |General fund||123,832|63,948| |Designated
funds||12,290|8.000| |Total unrestricted|income funds|136,122|71,948| |Restricted income|funds|127,335|64,214| |Endowment
funds||74vt94|83,794| |||337,951|219,956| ||ccountmg Puffries|||||||||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||General|||||||||||||||||||||||| ||The hnancial
statements
have been prepared
in aornrdance
with the Statement|of Recommended||Pracbcer Accounting
and||||||Reporting||||by Charities||||pmparirg|||||their|| ||acmunts
in acounlance
the Finanrial
Reporting
smndard
applicable
in the UK and Republic of Ireland|||||(fRS 102)||(second|edition), the||||Finanrial||||sporting|||standard||||| ||appgcable
in the United
Kingdom
and Republic of Ireland (FRS102b the Charities
Act 2011and In accordance
with|||||||the Church||Accounting||||Regulations||||2006||governing||||| ||the individual
accounts ofPCCs.|||||||||||||||||||||||| ||The pCC constitutes
a public benefit entity as defined by FRS202.The financial slatemerus
are prepared||||under the||histoiical||cost corwenlion|||||except||for||1hevaluation||||||ef| ||Investment
assets The flnanrial slatements
are presented
in sterling whhh
Isthe functional
currency ofthe charfty||||||and are munded|||||to the|nearest||fi.|||||||||| ||Fund accoungng|||||||||||||||||||||||| ||Unrestricted
inmme funds comprise those funds whbh the PCC are free to use for any purpose
in||furtherance||||ofthe charfiable|||||objects. Unrestricted|||||||funds||indude|||| ||designated
funds where the trustees, at their discretion,
have craatwl a fund far a speciTic purpose.|||||||||||||||||||||||| ||Restricted funds are tobe used for specific purposes as laid down by the donar.|||||||||||||||||||||||| ||Endowment
funds have arisen as a result af lirfts (primarly ofshares) made to the PCC, where it was||||primarly
expected that|||||the caprial||||weald|be held to generate|||||||||| ||inorme, but could bespent ifthe trustees sodetermine.
Details ofthese funds are g'nwn
in note 13.|||||||||||||||||||||||| |c|Irlcarrra|||||||||||||||||||||||| ||Ag inmme
ls recognised
cmce the charity has entitlement
to the Income, It Isprobable
that the Income|||||wfg be rucwVed and the|||||amount||ofincome||||mcelvable|||||can||be| ||measured
rugably.|||||||||||||||||||||||| ||Planned
giving receivable under 0gt Aid Isrecognised
only when received. Income|tax referable
on||Gib Aided
donations|||||isaccrued fer||||on the donation date.|||||||||Grants||| ||and legacies to the PCC are amounted
far as soon as the PCC is nodlied ofits legal|entitlement
and|the|||amount
due is quantifiable||||||and its||ultfmat»|||receipt by||||the||PCC|| ||reasonably
certain.|||||||||||||||||||||||| ||Rental incame from the letffng ofchurch premises isrecognised
when the rental isdue.|||||||||||||||||||||||| ||Bank interest isaccounted forwhen receive bio|||||||||||||||||||||||| ||Expenditure|||||||||||||||||||||||| ||Expenditure
is remgnised
once there is s legal or construriwe
obligabon to make|a pavme
t to a third||||parry, it|is|probable
that||||settlement
will|||be required||||||and|||the| ||amount ofthe obligation
can be measured
reliably.|||||||||||||||||||||||| ||Uabfifiws are recognised
as expenditure
as soon as there u a legal or constructive|obligation
committing||||the charity||to that|expenditure,||||it|n probable||||that settlement||||||| ||will be required
and the amount ofthe obligation
can be measured
reihbiy. All expenditure
is accounted||||for one||accruals basis|||and includes irrecoverable|||||||||VAT.|||||| ||Irrecoverable
VAT is charged as a cost against the activity for which the expendnure|was incurred.||||||||||||||||||||||| ||election sunirort|||||||||||||||||||||||| ||The church
supports
mission
in the UK and around
the world. Where a parbcular|mission
parlner|is||supported||over a number|||||ofyears, sirict|||compliance||||||with|||the| ||Charities'
Statement
of Remmmended
Pracbce (SOIIP) may regard
same arrangements
as constituting|||||mnslru«bve
obligations||||||such|that future||||years'|||support||||rs| ||amounted
for in these accounts as s I ability.|||||||||||||||||||||||| ||Whilst the support
has no linal end date, the Council assesses mission partner
Funding
on an annual|||basis and rs conBdent|||||that||the mission partners|||||||would||rrot|||view|| ||their support as an open ended obligation on the part ofthe Counril. The annual commement
only is||accounted for in these financial|||||||||statements.||||||||||||| |e|Fixed assets|||||||||||||||||||||||| ||Consecrated
land and bufidrn
s and movable church furnrshi
s|||||||||||||||||||||||| ||Consecrated
and
benelim
property
is exriuded
from the acmunts
by s.10(2)(a) of the Charities|||Act 2011.|||Movable||church|||furnishings
held|||||by||the|Vicar|||and|| ||Churchwardens
on special trust for the PCC, and which require a faculty for disposal, are accounted||as||inalienable|||property|«nisse consecrated.||||||They|||are listed||||in||the| ||church's Inventory
which can be inspected at any reasonable time.|||||||||||||||||||||||| ||Eqfulrment|||||||||||||||||||||||| ||Equipment
used within the church premises
isdepreciated
on astraight
line basis over iis useful life:|||||||||||||||||||||||| ||Music/FA/Av
equipment
5 —10years|||||||||||||||||||||||| ||ITand office equrpmerrt
5years|||||||||||||||||||||||| ||Individualitems
ofequipment
with a purchase
price off300or less are written off|when the asset Is|acquired,
unless the equrpment
is deemed part||||||||||||||of|a|larger||pmject,|||| ||e.g.the PA/AV upgrade.|||||||||||||||||||||||| ||Investments
and realised gains and losses|||||||||||||||||||||||| ||Investments
are a form of basic finanual
rnrimrnent
and are initially
recognised|at the r transacfion|||value and||subsequently|||meawred||||at their||fair||value||as||st||the| ||bala cesheet date using the closing quoted
market price.|||||||||||||||||||||||| ||Afi gains and losses are taken to the Statement of Finanrial
Activities as they arise. Reahsed
gains and|||lussm on rnvesbnents|||||ar"||calculated|||asthe||dkfference|||||between|||| ||sales proceeds
and their openrng
carrying
value or thar purchase
value
rf acquired
subsequent
to||the|||first day|of|the linanoal|||year. Unrealrsed|||||gains|||and|losses||||are| ||calculated
as the difference
between
the fair va(ue at the year end and therr carry|ng value. Realised||and unreahsee||||investment||||gams and||losses||am combined||||||i||the| ||Statement ofFinsndsl
Activities.|||||||||||||||||||||||| ||Rnandal
Instruments|||||||||||||||||||||||| ||The charity
only has financial
assets and financial
liabilities ofa kind that qualify|as basic financial|instruments.||||Basic financial|||instruments||||are|imiially||||remgnised|||||at| ||transaction
value and subsequently
measured attheir settlement
value.|||||||||||||||||||||||| ||||||||||||||||authorising|| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||doing mncem|||||||||||||||| ||The Fmancial sunemenls||have||been prepared||||on a going concern basis as the||PCC believe thai the charity will continue to|||operate for 12|months from|thes| ||gnancial statements.|||||||||||||||| |2|Ngsslen and evangelism||cans|||||||||||||| ||||||||||||6eneral|Dsmgnaled|3esmbmd|Endowment|Total|Tom)| ||||||||||||fundsf|fundsf|funds
E|fundsf|2022f|2021| ||Children's
resources||||||||||810||||810|795| ||Youth resources||||||||||814||||814|53| ||Calh axpwnm||||||||||4,386|||||| ||OUIraach rasouhns||||||||||6.190||||6.729|3690| ||Fees paid re weddings|and funerals|||||||||||||Ivc54|lfi25| ||Yoiith events|||||||||||||||180| ||Internal
minisuy mats||||||||||||||S,432|1,712| ||||||||||||ETANE|||||| ||Prior Yearfund split:|||||||||~74|||1195|||| |3|Chords rsunllttgcesls|||||||||||||||| ||||||||||||||Restrbled|Endowment|Tour|Total| |||||||||||Note|||funds|funds|2022f|2021f| ||Church insurance||||||||||2.566||||2.566|2,471| ||Chliidi titgity costs||||||||||4+28||||4+28|2.099| ||Church maintenance||||||||||2.239||||2,239|2,616| ||Parish centre and chapel||building|||running||mats|||b„rul4||||9,944|| ||Musk)PA/Ay|||||||||||||||| ||Music)PA/AV
aqUIprrielit||||depreclht||lob||||3.767|||||| ||MUslc copyright,|Cribs, plario||||tirrlliig eto|||||2975|||||| ||Adminbtmthm|||||||||||||||| ||Churchsulte,
payrog bureau|||||6planning|||centre||816||||816|411| ||prlhurlg,
postage|nhd smriohwy|||||||||933||||933|349| ||ITand dgce equipment|||depreu ation|||||||542||||542|202| ||Bankfees||||||||||154||||154|116| ||legal and professienal|fees|||||||||1,110||||I 110|| ||Independnt
examinatian||fee||||||||300||||300|| ||Prior Tnmr fund splits|||||||||||||||14.801| |4|Stallcars, PCC ranauaragon||||and mpenaes,||||aml the cad|ofkey nmnagement|persannel|||||| ||earned|||||||||||||||2021| |||||||||||||||||E| ||Salariies||||||||||||||3IMBE|31241| ||Employer's
national inswancecosts||||||||||||||3,453|37ESI| ||Employmern
allowance
Employer's
pension mntribution||||||||||||||)SA53)
5~
)3.094)
rk374
~~35 15|| ||Average number ofemployees||||||||||||||1.6|1.0| |5|Related party
~
saclians|Related party
~
saclians|Related party
~
saclians|||||||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||PCC members
and (and||famiges) donated 125,640 before|||||||GNt Aid without||conditions.|||PCC members||||land famITIes) donated 6250 before||||Ggt AM to reslricted funds,|| ||however these are ag donations||||in|to existing funds and do|||||not place furiher||restrktlons|||on|the use ofthese|||funds. (Where a||KC member|has only served|for part of| ||the year, donations are|included|||for|the|whole ofthe flnanrJal year)|||||||||||||||||| ||Grants were received fram|||thef|op awing||trusts duriing the vmr, which had trustees (Pccmembers)|||||||||||in mm mon.||||||| ||||||||||||||||||||||||2022|2021| ||Grsntfunding*arity||||||Relationships||with|PCC members|||||||||||||E|6| ||The Iangsett Trust||||||Rev Chris Tufneg and Rachel Field|||||are|trustees|||Famgles, Chgdren||||&youth|Worker's|Fund|9800|7/NID| ||SheRield Diocesan Board||ofFinance||||David Stanley||isthe||chair ofthe Nants||committee|||Families, Children||||JI Youlh|Worker's|Fund|SJNN|SJNO| |||||||||||||||||Parish||Centre Refurbishment
Fund|||||3JKN|| ||Chumh
Burgesses TIust||||||Oarid Smrday||b alruriee|||||||FamOes. Children||||&Youlh|Worker's|Amd|20/)00|20,0IN| |||||||||||||||||Parish||Centm Refurbishment
Fund|||||5JNN|| ||The Volmx Trust||||||David Stanley||is atrustee|||||||Parish||Cemre Refurbishment
Fund|||||2800|| ||Dughtlbrldge
Wedeyan|Reform Chapel|||||Joanne|Brook|was|a|trustee untg I/1/22, and her|||||FamiBes, Chgdren||||lk youlh|worker's|Fund||4.500| ||||||||husband|isatrustee||||||||Parish||Centre Ral'urbishment|||Fund|||10,00D| ||The trustees deriared their|||confBris||and|foBowed the grant|||BMng char Nba||conflkts of||Interest|||polk|les,|during|the derislon mabng process.||||| ||tuber related pariy transacrmns||||during||the year|were:||||||||||||||||| ||5Keen (the darwhter|||ofHelen||Keen who is||a PCC|member) received mission fund|||||support|||ofE&000.|||||||| ||~
lhe
PCC had full use|||of the Dughtibridge||||Wesleyan||Relorm Chapel||(formalised||by||a commercial
lease) - the
PCC received fees relatmg to external||||||||users and| ||incurred operating||coals.Jomne Brook.a PCC member||||||||was atrustee|unOI|1/2/22.|and her husband|||||isatrustee.|||||| |6|Independent
ammlnauon|||fee||||||||||||||||||||| ||Independent
examinatian|||fee||||||||||||||||||||| ||Other fees paid tothe independent|||||examineris
organisation|||||—acmuntancy|senicss||||||||||||110| |7|TahJPMe INsets|||||||||||||||||||||||| ||||||||||||||||||||||Musk, PAand AV||ITand amc»|| ||||||||||||||||||||||euulpolmlt||plphtwlt|Fatal| ||||||||||||||||||||||||E|| ||Cast orValuation|||||||||||||||||||||||| ||Asat 1Jahualy 2022|||||||||||||||||||||20JNJJ|1.008|22200| ||Addhkuw|||||||||||||||||||||lfv352|1,702|18,054| ||||||||||||||||||||||||2.710|392ma| ||Depreclarion|||||||||||||||||||||||| ||Asat 1January 2022|||||||||||||||||||||2,918|202|3,130| ||Depreciation
charge|||||||||||||||||||||3,767|542|4,309| |||||||||||||||||||||||6di95|744|7~| ||Net Rank Value|||||||||||||||||||||||| ||Asat31December 1022|||||||||||||||||||||||| ||As at M December lml||||||||||||||||||||~17874|||| |6|Instmenls|||||||||||||||||||||||| |||||||||||||||||||||||||2021| |||||||||||||||||||||||||6| ||Valuation
0/fwd||||||||||||||||||||||79/J16|69,128| ||Gains/(losses)
during the||year||||||||||||||||||||(9302)|9888| ||||||||||||||||||||||||69.714||