The Combined Financial Statements of
The Parochial Church Council of The Ecclesiastical Parish of
South Beddington and Roundshaw, Incorporating St Michael & All Angels Church South Beddington And St Paul's Church Roundshaw
Charity registration number: 1197967
For The Year Ending 31 December 2022
Charity registration number: 1197967
1
Independent Examlnerfs report to the trusteeslmèmbers of The Eccleslastlcal Parfsh of South Beddlngton and Roundshaw. Incorporatlng St Mlchael & All Angels Church South Beddington And St Paul's Church Roundshaw Charlty reglstratlon number: 1197967 I report on the accounts frir the year ended 31 Dernber 2022 which are set out on the following pages. Res vorns nslbllitles of the Trustées and Inde 8ndent Examlnor The Charitys trustees are responsible for the preparalion of the accounts. The charitys trustees consider that an audit Is not requlred for this year under Section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to examine thè accounts undsr section 145 ofthe Charities Act, to foll¢Jw the prOdureS laid down in the General Directions given by the Charity Commission (under section 14515}(b) of the Charities Act. and to state whether particular matters have come to my attention. My examination vS carried out in acrdanCe véilh the General Directions given by th8 Charity Commission. An 8xaminatlon includ8s a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also indudes consideration of any unusual items or disclosures in the accounts, and seeking explanations from th8 trustees conceming any such rn3tters. 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 Irue and faiff view and the report is limited to those maitsrs set out in the statement below. In connection with my examination, no material matters hav6 come to my attention which gNe me cause to believe that in any material respect: accounting records were not kept In accnrdano with Section 130 of the Charltles Act or the accounts do not acwrd with the a¢UntIng records or the acGounls do not comply with the applicable requirements conmIng the fom and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part ofan Independent Examination. I have come across no other matters in connection with thé examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. &gned...... Date: Mrs. Anne Golbourn. 22 Stuart CresGent Croydon CRO 8QP 07800 755363 Ghaiity I?tion nurnber. 11979$7
2022
Financial Statements
for St. Michaels and All Angels Church South Beddington to 31st December 2022
Charity registration number: 1197967
3
Treasurer’s Report on the Financial Statements for St. Michaels and All Angels Church, South Beddington
Finally, I have been able see a year through which has been as normal as probably any year can be, as I guess there will always be exceptional expenses. The year began with a very beneficial boost to our funds by the pantomime £6,593.39 which laid the foundations of church activities returning to nearer normal after two very challenging years. Our gift day was sufficiently well supported that we were able to give £868.71 as 25% of the total £3,463.63, to help St Michaels Kwekwe with their purchase of a parish vehicle; in dollar terms that amounted to $1000 which they received. Another example of our gift giving was for Crisis at our Christmas services which amounted to a generous £340.26 banked by year end and with further monies to be paid in January given the difficulties of cost of living currently.
Incoming Resources
The total income for St. Michael’s Church was £123,446.86 which is an increase of £23,006.31 from the 2021 total income of £100,440.55. However, £26,245.30 of this increase is made up from legacies and bequests. What is not included is the £3,537.83 from St Pauls recharges for Q4 of 2022 paid into the bank on 23[rd] January 2023. Planned Giving by standing order increased from 2021 by £665.50 to £39,442.00 in 2022 whilst the planned giving by envelope rose by £262 to £1,327. The opportunity for cash Collection increased from £1,944.23 in 2021 to £2,934.51. This year unlike the last we had a gift day which realised £3,463.63, a quarter of which was despatched after quite a run around to St Michaels Kwekwe.
Gift Aid recovered was £9,469.66, considerably less than the £16,397.16 the previous year, although that latter amount was unusually bolstered by timing issues brought about by the pandemic. In 2021 because of the pandemic our overall fundraising effort was rather lower than normal at £3,295.91, whereas this year with the benefit of the Panto, (£6,593.39) Murder Mystery, (£982.19) organ funds sales (£3,903.61) and Jubilee Event we have managed £11,479.19. There are two amounts listed under income other (IN015) which were very welcome, £600.00 from The Trussell trust and £1,400.00 from the diocese to help with heating payments at the church. It had been arranged rent from The Centre could be reduced in 2021 but this has now been increased such that we received £10,020.00 in total in 2022, which is comparable to the £9,555.00 in 2019 before reductions to rent were arranged due to the pandemic.
In 2022 we received £258.00 for five occasions of reading wedding banns and £1,110.00 for 5 funerals or interments including another held over from 2021.
Compared to budget of £102,800.00 the church is in receipt of £97,201.56 if legacies are removed but if Q4 recharges from St Pauls are added of £3,537.83 the deficit on income of £2,060.61.
We report in detail about the Organ Fund in note No. 1 in the Notes to the Financial Statements below. We express our thanks to Stephen Parker and our Gift Aid Officer for keeping the treasurer correctly informed of necessary procedures.
Outgoing Resources
Parish Support Fund
Charity registration number: 1197967
4
We pledged as a parish to contribute £60,700 to the PSF. Despite the continued challenges this time owing to the inflationary pressures of the year we paid to the Diocese £48,000.00 from St. Michael and All Angels Church and £12,700.00 from St. Paul’s Church.
Running Costs
Our running costs incurred for 2022 amounted to £35,841.13. These expenses include “utilities” (i.e. gas, electricity, Wi-Fi and waste) totalling £5,707.70, rather higher than 2021’s of £4,684.17. Insurance of £7,224.77, Clergy £5,477.59, Church Admin £5,100.61 and Choir and organ £3,420.81, Altar services were £1,457.79 and Church Maintenance and fire support £2,646.20. These major expenses total £31,035.47 of the £35,841.13 with all other expenses much as were to be anticipated.
Exceptional Costs
There were some exceptional costs during the year. The discovery of the inadequacy of the lightning conductors had to addressed and also the collapsing of the drains at the eastern end of the church required some more preliminary works. These came to a total of £9,318.27 but whereas the lightning conductors are sorted there is a good deal of funding required to sort the drainage issues. Another expense shown in the accounts but covered by a legacy was the replacement of the altar carpet at £5,480.00.
Compared to the planned expenses budget of £84,084.60 we spent £112,930.10, but this includes the exceptional expenses above totalling £14,798.27 which still leaves the church overspent by £14,047.23 if these are allowed for.
Overall
The total income for 2022 was £123,446.86 as against expenditure of £112,930.10, a surplus of £10,516.76. However, as stated elsewhere there were legacies of £26,245.30 received during the year which if removed would give a deficit of £15,728.54.
.
Robert Bourton 8 February 2023
Charity registration number: 1197967
5
3111212022 31112r2021 Cutr•nt 399321 30.B63J1 51.974.72 10,347A3 182D) .913JB 51JS1 Tota Curr•nt •M•ts 140,06189 129.300.17 Ubllllh• 375.28 1041.33 4,016.$9 210.0) 3.841J3 3,851.33 T¢thi U111• N•1 knt Id•fi¢hl 1J6,046JQ 125,529.54 R•••rw•• IQS1&78 1a529,54 119.921 Tot•1 R•Mry•• 13fj,Q40.30 125,529.54 29.182AO 47.972.71 9,137J7 47.$43.78 Td Approved by the Parochlal Church Councll on Tuesday 14 February 2023 and signed on its behalf by.. Roverend Captain Paul Fitzpatrick C.A SCP (Assistant Curaie) . Mr Michael J Walker CBE (Vice£hair of PCC) Charity number. 1197%7
St. Michael and All Angels, South Beddington
Statement of Financial Activities
For the period from 01 January 2022 to 31 December 2022
| Unrestricted | Restricted | Endowment | Total | Prior year | |
|---|---|---|---|---|---|
| funds | funds | funds | funds | total funds | |
| Incoming resources | |||||
| Incoming resources from generated funds | - | - | - | - | - |
| Voluntary income | 79,758.49 | 4,747.09 | - | 84,505.58 | 68,400.31 |
| Activities for generating funds | 7,923.94 | 3,842.43 | - | 11,766.37 | 1,317.08 |
| Investment income | 39.85 | - | - | 39.85 | 4.12 |
| Incoming resources from charitable activities | 14,211.86 | - | - | 14,211.86 | 13,523.23 |
| Other incomingresources | 11,768.20 | 1,155.00 | - | 12,923.20 | 17,195.81 |
| Total income | 113,702.34 | 9,744.52 | - | 123,446.86 | 100,440.55 |
| Resources used | |||||
| Cost of generating funds | - | - | - | - | - |
| Cost of generating voluntary income | 57.30 | 1,077.33 | - | 1,134.63 | 252.72 |
| Fundraising trading cost of goods sold and other costs | - | - | - | - | - |
| Investment management costs | 61.44 | - | - | 61.44 | - |
| Charitable activities | 87,308.09 | 9,757.79 | - | 97,065.88 | 103,198.63 |
| Governance costs | - | - | - | - | - |
| Other resources used | 14,668.15 | - | - | 14,668.15 | 16,885.12 |
| Total expenditure | 102,094.98 | 10,835.12 | - | 112,930.10 | 120,336.47 |
| Net income / (expenditure) resources before transfer | 11,607.36 | (1,090.60) | - | 10,516.76 | (19,895.92) |
| Transfers: | |||||
| Gross transfers between funds - in | - | 1,519.55 | - | 1,519.55 | 1,766.08 |
| Gross transfers between funds - out | (1,519.55) | - | - | (1,519.55) | (1,766.08) |
| Other recognised gains / losses | |||||
| Gains/losses on investment assets | - | - | - | - | - |
| Gains on revaluation,fixed assets,charity's own use | - | - | - | - | - |
| Net movement in funds | 10,087.81 | 428.95 | - | 10,516.76 | (19,895.92) |
| Reconciliation of funds | |||||
| Total funds brought forward | 77,985.78 | 47,543.76 | - | 125,529.54 | 145,425.46 |
| Total funds carried forward | 88,073.59 | 47,972.71 | - | 136,046.30 | 125,529.54 |
| Represented by | |||||
| Unrestricted | |||||
| General fund | 58,956.79 | - | - | 58,956.79 | 68,884.01 |
| Designated | |||||
| FABRIC FUND | - | - | - | - | - |
| LEGACY AND BEQUESTS | 29,122.37 | - | - | 29,122.37 | 9,122.37 |
| YOUTH MINISTRY FUND | 30.03 | - | - | 30.03 | 15.00 |
| Restricted | |||||
| Agency collection | - | (35.60) | - | (35.60) | (35.60) |
| CHOIR FUND | - | 1,701.26 | - | 1,701.26 | - |
| FABRIC FUND | - | (4,384.36) | - | (4,384.36) | - |
| FLOWER FUND | - | 874.10 | - | 874.10 | 834.40 |
| ORGAN FUND | - | 48,018.42 | - | 48,018.42 | 45,086.07 |
| YOUTH MINISTRY FUND | - | 1,763.29 | - | 1,763.29 | 1,623.29 |
| Total funds | 88,109.19 | 47,937.11 | - | 136,046.30 | 125,529.54 |
Charity registration number: 1197967
7
St. Michael and All Angels, South Beddington
Analysis of income and expenditure Selected period: 01 January 2022 to 31 December 2022
| Total General Designated Restricted Endowment This year Last year |
|
|---|---|
| Incoming resources Incoming resources from generated funds IN001 - Planned Giving Standing Orders IN002 - Planned Giving Envelopes IN003 - Cash Collection IN004 - Gift Aid Recovered IN0041 - Gift Aid Received On Behalf Of St Pauls IN005 - Donations General IN0051 - Donations Flowers IN0053 - Organ Fund Donations IN007 - Legacies and Bequests IN0071 - M Booth IN0072 - S. Jones IN0073 - D.Ede IN022 - Donation RE Youth ministry IN024 - Giving ad hoc IN0052 - Donation for Candles IN008 - Fundraising IN0081 - Fundraising Parish Breakfast IN00811 - Fundraising Ride and Stride IN00812 - Fundraising cabaret IN00813 - Fundraising Quiz IN00814 - Fundraising Jar IN00815 - Fundraising Fish and Chips IN00816 - Fundraising Fair IN00817 - Fundraising Zimbabwe IN00818 - Murder Mystery IN0082 - Fund Raising dinner dance IN0083 - Fundraising Easy Fundraising IN0084 - Fundraising Panto IN00841 - Fund Raising Oliver IN0085 - Fundraising auction /raffle IN0086 - Organ Fund Sales IN00861 - Organ Fund cream teas IN00862 - Organ Sponsorship IN0088 - Fundraising church calendars IN0089 - Fundraising Christmas cards IN0090 - Fundraising Gift Day IN091 - Fundraising -toddlers club IN092 - Fundraising Coffee Morning IN093 - Fundraising Community Events IN095 - St Paul Fundraising IN009 - Interest Receivable IN021 - Bank Interest Incoming resources from generated funds Totals |
39,442.00 - - - 39,442.00 38,776.50 1,327.00 - - - 1,327.00 1,065.00 2,752.80 - 181.71 - 2,934.51 1,944.23 8,958.23 15.03 496.40 - 9,469.66 16,397.16 - - - - - - 1,018.13 - - - 1,018.13 593.83 - - 419.17 - 419.17 474.00 - - 3,524.81 - 3,524.81 417.22 - 26,245.30 - - 26,245.30 8,622.37 - - - - - - - - - - - - - - - - - - - - 125.00 - 125.00 110.00 - - - - - - 181.75 - - - 181.75 117.99 151.61 - - - 151.61 262.75 - - - - - - - - - - - - - - - - - - - - - - - - 15.00 - - - 15.00 8.65 - - - - - - - - - - - - - - - - - - 982.19 - - - 982.19 - - - - - - - - - - - - - 6,593.39 - - - 6,593.39 270.00 - - - - - - - - - - - - - - 378.80 - 378.80 657.69 - - - - - - - - - - - - - - - - - - - - - - - - - - 3,463.63 - 3,463.63 - - - - - - - - - - - - - - - - - - - - - - - - - 12.71 - - - 12.71 - 27.14 - - - 27.14 4.12 |
| 61,461.95 26,260.33 8,589.52 - 96,311.80 69,721.51 |
Charity registration number: 1197967
8
| Total General Designated Restricted Endowment This year Last year |
|
|---|---|
| Incoming resources from charitable activities IN011 - The Centre Rent IN012 - Hire of Church IN014 - Car Park Income IN015 - Income Other IN0161 - Fees - Wedding Fees IN0162 - Fees - Funeral Fees Incoming resources from charitable activities Totals Other incoming resources IN006 - Grants/Payments to Fabric Fund IN017 - Sundry Income IN023 - The Centre Recharges IN096 - PSF Recharge St Paul IN097 - Miscellaneous Recharge St. Paul IN099 - Income Credit to Journal Other incoming resources Totals Incoming resources Grand totals |
10,020.00 - - - 10,020.00 5,000.00 - - - - - - - - - - - 300.00 2,823.42 - - - 2,823.42 7,214.23 258.44 - - - 258.44 495.00 1,110.00 - - - 1,110.00 514.00 |
| 14,211.86 - - - 14,211.86 13,523.23 - - 1,155.00 - 1,155.00 2,055.00 108.45 - - - 108.45 - - - - - - - 9,525.06 - - - 9,525.06 11,600.00 2,134.69 - - - 2,134.69 3,540.81 - - - - - - |
|
| 11,768.20 - 1,155.00 - 12,923.20 17,195.81 |
|
| 87,442.01 26,260.33 9,744.52 - 123,446.86 100,440.55 |
|
| Resources used Cost of generating funds EX012 - Fundraising Expenditure EX0125 - Fundraising Zimbabwe Expenditure EX014 - Candles Votive EX0971 - Gift Aid Received On Behalf Of St Pauls Transferred to Their Account EX015 - Bank Charges Cost of generating funds Totals Charitable activities EX001 - Parish Support Fund/ Quota EX002 - Utilities EX003 - Insurance Church EX004 - Church Cleaning EX005 - Church Maintenance & Fire Support EX006 - Altar Services EX007 - Organist EX008 - Organ & Choir EX009 - Missions EX010 - Insurance The Centre EX011 - The Centre Letting Expenses EX013 - Sundry Expenses EX016 - Church Admin EX018 - Young Person Ministry Expenditure EX019 - Printing/Stationery-/Advertising/Website EX020 - Church Finance System EX021 - Church Finance System/Training and Support EX022 - Clergy and Training |
57.30 - 1,077.33 - 1,134.63 252.72 - - - - - - - - - - - - - - - - - - 61.44 - - - 61.44 - |
| 118.74 - 1,077.33 - 1,196.07 252.72 48,000.00 - - - 48,000.00 44,400.00 5,707.70 - - - 5,707.70 4,684.17 7,224.77 - - - 7,224.77 6,936.46 - - - - - 1.60 2,646.20 - - - 2,646.20 1,529.88 692.49 765.30 - - 1,457.79 860.99 3,000.00 - - - 3,000.00 3,000.00 420.81 - - - 420.81 1,519.55 1,348.71 - - - 1,348.71 470.00 - - - - - - - - - - - - 585.96 - - - 585.96 4,591.91 5,100.61 - - - 5,100.61 2,103.60 - - - - - - 651.47 - - - 651.47 1,102.89 179.25 - - - 179.25 228.00 - - - - - - 5,477.59 - - - 5,477.59 5,740.94 |
Charity registration number: 1197967
9
Total
| Total | |
|---|---|
| General Designated Restricted Endowment This year Last year |
|
| EX027 - Fabric Repair EX030 - The Centre Maintenance EX031 - Church Grounds Maintenance EX032 - Flowers EX034 - Church Fabric/Furniture EX099 - Expenditure Credit to Journal Charitable activities Totals Governance costs EX026 - APCM /PCC Expenses EX029 - Independent Examiners Fee EX033 - Monthly Offering Envelopes Governance costs Totals Other resources used EX028 - Wedding/Funeral Fees to Contra EX096 - PSF Expenditure Recharge St. Paul EX097 - Miscellaneous Expenditure Recharge St. Paul Other resources used Totals Resources used Grand totals |
- - 9,318.27 - 9,318.27 25,178.44 - - - - - - 27.23 - - - 27.23 420.17 - - 439.52 - 439.52 386.54 - 5,480.00 - - 5,480.00 43.49 - - - - - - |
| 81,062.79 6,245.30 9,757.79 - 97,065.88 103,198.63 - - - - - - - - - - - - - - - - - - |
|
| - - - - - - 544.00 - - - 544.00 211.00 12,700.00 - - - 12,700.00 13,133.31 1,424.15 - - - 1,424.15 3,540.81 |
|
| 14,668.15 - - - 14,668.15 16,885.12 |
|
| 95,849.68 6,245.30 10,835.12 - 112,930.10 120,336.47 |
Charity registration number: 1197967
10
St. Michael and All Angels, South Beddington
Fund movement summary
Selected period: 01 January 2022 to 31 December 2022
| Fund | Fund balances brought forward |
Incoming Resources |
Outgoing Resources |
Transfers | Gains and Losses |
Journal Entries | Fund balances Carried forward |
|---|---|---|---|---|---|---|---|
| CHOIR - CHOIR FUND | - | 181.71 | - | 1,519.55 | - | - | 1,701.26 |
| FABRIC - FABRIC FUND | - | 4,933.91 | 9,318.27 | - | - | - | (4,384.36) |
| FLOWER - FLOWER FUND | 834.40 | 479.22 | 439.52 | - | - | - | 874.10 |
| LEGACY - LEGACY AND BEQUESTS | 9,122.37 | 26,245.30 | 6,245.30 | - | - | - | 29,122.37 |
| ORGAN - ORGAN FUND | 45,086.07 | 4,009.68 | 1,077.33 | - | - | - | 48,018.42 |
| YOUTH - YOUTH MINISTRY FUND | 1,638.29 | 155.03 | - | - | - | - | 1,793.32 |
| General - General fund | 68,848.41 | 87,442.01 | 95,849.68 | (1,519.55) | - | - | 58,921.19 |
| Totals | 125,529.54 | 123,446.86 | 112,930.10 | - | - | - | 136,046.30 |
Charity registration number: 1197967
11
Notes to the 2022 Financial Statements for St. Michaels and All Angels Church, South Beddington
1. Funds
a. Choir Fund:
The Fund balance at 31 December 2022 stands at £1,701.26, represented by: i. Opened Balance: £0
ii. Transfer in from general fund: £1,519.55 (This money had been incorrectly paid out of the choir fund in 2021)
-
iii. Income from donation at Dennis’ commemoration service: £181.71
-
iv. Closing Balance: £1,701.26
b. Fabric Fund
i. (Designated): The Fund balance at 31 December 2022 stands at £Nil, represented by:
- Opened Balance: £Nil.
2 Income: £Nil.
-
Expenditure: £Nil.
-
Closing Balance: £Nil
ii. (Restricted): The Fund balance at 31 December 2022 stands at £Nil, represented by:
-
Opened Balance: £Nil.
-
Income: £4,933.91
-
Expenditure: £9,318.27
-
Closing Balance: (£4,384.36)
c. Flower Fund: The Fund balance at 31 December 2022 stands at £874.10 represented by:
i. Opened Balance: £834.40 ii. Donations: £479.22 iii. Expenditure: £439.52 iv. Closing Balance: £874.10
d. Legacy and Bequests: The Finance Committee determined that we should report and track legacies, as we received a number in 2021. This will enable us to manage the spending of these gifts as the legator wished and ensure transparency. Legacies provide us with the opportunity to share the gift of giving with future generations. They are an investment in the life of this church and pass on the joy of giving. The Fund balance at 31 December 2022 stands at £29,122.37, represented by:
i. Opening Balance: £9,122.37
ii. Sundry Legacies: £6,245.30 iii. Fr D Ede £20,000.00 iv. Expenditure: £6,245.30 v. Closing Balance: £29,122.37
Charity registration number: 1197967
12
e. Organ Fund: Much more activity has been available to be made in this year than the
previous two enabling the fund to increase to £47,302.46. Represented by: Opening Balance £45,086.07
i Gift Aid Recovered £ 106.07
ii Organ Fund Donations and sales £ 3,903.61 iii Fundraising Expenditure -£ 1,077.33 iv Fundraising Expenditure received in January 2023 -£715.96
v Closing Balance £47,302.46 although shown in accounts £48,018.42
f. Youth Ministry : The Fund balance at 31 December 2022 stands at £1793.32 represented by:
i. Opened Balance: £1,638.29 ii. Donations: £155.03
- iii. Expenditure: Nil iv. Closing Balance: £1,793.32
g. General Fund : The Fund balance at 31 December 2022 stands at £58,921.19 represented by:
-
i. Opened Balance: £68,848.41
-
ii. Income: £87,442.01
-
iii. Expenditure: £95,849.68
-
iv. Transfers: -£1,519.55 (to Choir Fund)
-
v. Closing Balance: £58,921.19
2. Agency Collections: A number of appeals have been supported this year
-
i. Open Balance: £210.00
-
ii. Crisis for Christmas 2021 paid in January; and Crisis for Christmas 2022 leading to £398.86
-
iii. Afghanistan appeal by Christian Aid £210.00, although this was collected late 2021.
-
iv. Ukrainian refugee DEC appeal raised £543.00.
-
v. The Pakistan Floods Appeal £245.00.
-
vi. Closing Balance: £375.26 (This is the December 2022 Crisis appeal paid to them in January 2023.)
3. Building Works 2020 Project
Practical completion was certified on 20th November 2020. However, there remains the retention of £3,034.44 plus VAT to be paid to DBR (London) Ltd as well as the installation of flashing above the West End door at a cost of £2,753.61 plus VAT. Additionally, there was a repair to a damaged area of plaster in the church’s South Ambulatory at a cost of £522.75 plus VAT. These various payments remain under discussion between the PCC, DBR (London) Ltd and the architects.
Charity registration number: 1197967
13
2022
Financial Statements
for St. Pauls Church Roundshaw to 31st December 2022
Charity registration number: 1197967
14
Treasurer’s Report on the Financial Statements for St. Paul’s Church, Roundshaw covering 2022.
A much more typical year has finally presented itself for the treasurer, which has enabled me to observe how things normally run at St Pauls, which should enable the budget looking forward to be more accurately determined.
Incoming Resources
The total received in 2022 from planned giving, envelopes and cash collection was a little down on last year at £3,960.20 as opposed to £4,164.25 in 2021. However, a number of weeks in November and December were banked late which would have raised this year’s total by £227.00, leading to an increase to £4,187.20, both well above budget of £3,400.00. Hall letting has been substantially more with St Paul’s open throughout the year and accrued £22,896.75 as opposed to last year’s £12,537.50. This was below the budget of £28,600.00, but presumably this is because of irregular timing of some payments. For example, we received a very welcome £2,651.25 from the Seventh Day Adventists on the 1st November 2022.
The total income received amounts to £35,979.94 , £ 15,943.00 higher than the £20,036.94 in 2021. We have benefitted from gift aid of £1,253.60 a full £878.60 more than 2021. The lunch club came back into its own raising £2,100.00 whilst other fundraising led to £194.39 being added to funds.
Compared to the budget of £35,300.00, there is thus a surplus of £679.94 , which is a good result given the uncertain circumstances in which the budget was planned. This also does not include the legacy of £5,000.00 left by Father Dennis which is currently expected to be utilised replacing the folding doors some time in 2023.
Outgoing Resources
Total outgoings have been £19,094.86 of which £9,525.06 is three of the four quarters’ PSF payments. Despite the increased usage of the church necessitating more use of utilities and the increasing costs of these, the dual fuel deal arranged last year has limited the impact. This has meant costs of £3,102.62 this year as opposed to £2,560.42 in 2021, rather over the budget of £2,500.00, but less excessive than feared. The other large expense was the quarter expense claims for the clergy and Waterer Rise contribution for rent payments at £2,221.82, against a budget of £3,300.00. All other church running costs amount collectively to £3,092.71, inevitably considerably more than the £2,109.48 spent in 2021, now with the church fully open. In addition, support to the lunch club required expenditure of £1,000.00 but this is under half the income, so it is a very good fund-raising vehicle.
Total expenditure this year was £19,094.86 below the budget of £25,714.00, but with quarter four recharges to St Michaels not paid until 2023 of £3,561.78. This raises the total expenditure to £22,656.64 but nevertheless this is still £3,057.36 under budget.
Overall
The increase in receipts from hall hire has considerably rebuilt the finances which are now on a healthy trajectory. The expenditure of 19,094.86 was easily covered by the £35,979.94 received in income without involving the legacy from Father Dennis. Net is therefore £16,885.08 income over expenditure, but with Q4 recharges added to expenditure this should be reduced to £13.323.30.
Robert Bourton 8 Feb 2023
Charity registration number: 1197967
15
SL P• Chuff Rourb(Wmv 31112r2022 31112r2021 urr•nl •M•ta C4))1..BhQrnAYwii3218) JIA211¢ 91 Totsl CuTrnt mB••i• 48.S•7.14 31,712.01 U•bllltl•• T11 U•bblM•• N•t *A••t •uWu• {d•fi¢ttl 48.$97.14 31.712.06 R•Mr¥•• 16.88SCIry 31.71Z P209AII 34,V21 Yot•l R•••r¥•• 40,597.14 31.712.06 1A17.18 1,704AO Jl.71101 284Qty2 lQ597.14 T¢ Approved by the Parochial Church Council on Tuesday 14 February 2023 aThl signed gn Its behalf by.. Reverend Captain Paul Fittpatrlck C.A. SCP (Assistant Curate) . Mr Michaél J Walker CBE (Vice-chair of PCC) Charity number. 1197%7
St. Paul's Church Roundshaw
Statement of Financial Activities
For the period from 01 January 2022 to 31 December 2022
| Unrestricted | Restricted | Endowment | Total | Prior year | |
|---|---|---|---|---|---|
| funds | funds | funds | funds | total funds | |
| Incoming resources | |||||
| Incoming resources from generated funds | - | - | - | - | - |
| Voluntary income | 10,276.60 | 40.00 | - | 10,316.60 | 5,169.13 |
| Activities for generating funds | 666.59 | 2,100.00 | - | 2,766.59 | 406.00 |
| Investment income | - | - | - | - | 300.00 |
| Incoming resources from charitable activities | 22,896.75 | - | - | 22,896.75 | 12,537.50 |
| Other incomingresources | - | - | - | - | 1,624.31 |
| Total income | 33,839.94 | 2,140.00 | - | 35,979.94 | 20,036.94 |
| Resources used | |||||
| Cost of generating funds | - | - | - | - | - |
| Cost of generating voluntary income | - | - | - | - | - |
| Fundraising trading cost of goods sold and other costs | - | - | - | - | - |
| Investment management costs | 135.80 | - | - | 135.80 | - |
| Charitable activities | 17,924.95 | 1,004.38 | - | 18,929.33 | 19,319.65 |
| Governance costs | 29.73 | - | - | 29.73 | 25.85 |
| Other resources used | - | - | - | - | - |
| Total expenditure | 18,090.48 | 1,004.38 | - | 19,094.86 | 19,345.50 |
| Net income / (expenditure) resources before transfer | 15,749.46 | 1,135.62 | - | 16,885.08 | 691.44 |
| Transfers: | |||||
| Gross transfers between funds - in | - | - | - | - | 50.20 |
| Gross transfers between funds - out | - | - | - | - | (50.20) |
| Other recognised gains / losses | |||||
| Gains/losses on investment assets | - | - | - | - | - |
| Gains on revaluation,fixed assets,charity's own use | - | - | - | - | - |
| Net movement in funds | 15,749.46 | 1,135.62 | - | 16,885.08 | 691.44 |
| Reconciliation of funds | |||||
| Total funds brought forward | 30,007.66 | 1,704.40 | - | 31,712.06 | 31,020.62 |
| Total funds carried forward | 45,757.12 | 2,840.02 | - | 48,597.14 | 31,712.06 |
| Represented by | |||||
| Unrestricted | |||||
| General fund | 39,522.39 | - | - | 39,522.39 | 28,590.50 |
| Designated | |||||
| Fabric Fund | 1,234.73 | - | - | 1,234.73 | 1,417.16 |
| LEGACY AND BEQUESTS | 5,000.00 | - | - | 5,000.00 | - |
| Restricted | |||||
| Agency collection | - | - | - | - | - |
| Craft Group | - | - | - | - | - |
| Fabric Fund | - | 50.00 | - | 50.00 | 50.00 |
| Flower Fund | - | 51.24 | - | 51.24 | 15.62 |
| Lunch Club/Age UK | - | 2,738.78 | - | 2,738.78 | 1,638.78 |
| Total funds | 45,757.12 | 2,840.02 | - | 48,597.14 | 31,712.06 |
Charity registration number: 1197967
17
St. Paul's Church Roundshaw
Analysis of income and expenditure Selected period: 01 January 2022 to 31 December 2022
| Total General Designated Restricted Endowment This year Last year |
|
|---|---|
| Incoming resources Incoming resources from generated funds IN001 - Planned Giving Standing Order IN002 - Planned Giving Envelopes IN003 - Cash Collection IN004 - Gift Aid Recovered IN005 - Donations General IN0051 - Donations Flower Fund IN007 - Legacies and Bequests IN0052 - Donations Candles IN0053 - Parish Lunch Club IN0054 - Craft Group Income IN008 - Fundraising Income IN0081 - Fundraising Parish Breakfast IN00811 - Fundraising Ride and Stride IN00815 - Fundraising Fish & Chips/Pie & Mash IN00816 - Fundraising Fair IN00817 - Fundraising Jumble Sale IN0082 - Fundraising Meal IN0090 - Gift Day Donations IN0095 - Fundraising Roundshaw festival IN021 - Bank Interest Incoming resources from generated funds Totals Incoming resources from charitable activities IN011 - Hall Letting Incoming resources from charitable activities Totals Other incoming resources IN0162 - Funeral Fees IN017 - Sundry Income Other incoming resources Totals Incoming resources Grand totals |
1,695.00 - - - 1,695.00 1,363.00 1,700.00 - - - 1,700.00 1,659.00 565.20 - - - 565.20 1,142.25 1,253.60 - - - 1,253.60 375.00 62.80 - - - 62.80 629.88 - - 40.00 - 40.00 - - 5,000.00 - - 5,000.00 - - - - - - - - - 2,100.00 - 2,100.00 356.00 - - - - - - 71.59 - - - 71.59 - - - - - - - - - - - - - - - - - - - - - - - - 50.00 - - - - - - - - - - - - 575.00 - - - 575.00 - 20.00 - - - 20.00 - - - - - - 300.00 |
| 5,943.19 5,000.00 2,140.00 - 13,083.19 5,875.13 22,896.75 - - - 22,896.75 12,537.50 |
|
| 22,896.75 - - - 22,896.75 12,537.50 - - - - - 91.00 - - - - - 1,533.31 |
|
| - - - - - 1,624.31 |
|
| 28,839.94 5,000.00 2,140.00 - 35,979.94 20,036.94 |
|
| Resources used Cost of generating funds EX012 - Fundraising Expenditure EX014 - Votive Candles EX025 - Craft Expenditure EX015 - Bank Charges Cost of generating funds Totals |
- - - - - - - - - - - - - - - - - - 135.80 - - - 135.80 - |
| 135.80 - - - 135.80 - |
Charity registration number: 1197967
18
Total General Designated Restricted Endowment This year Last year
| Charitable activities EX001 - Parish Support Fund/Quota EX002 - Utilities EX0021 - Utilities Credit EX003 - Insurance EX004 - Cleaner EX0041 - Cleaning Materials EX005 - Maintenance & Fire Support EX006 - Altar Services EX007 - Organist EX009 - Missions EX013 - Sundry Expenses EX016 - Church Admin. EX019 - Printing/Stationery/Advertising/Website EX020 - Church Finance System EX021 - Finance System Training/Support EX022 - Clergy and Training Expenses EX023 - Parish Lunch Club Expenditure EX027 - Fabric Repair EX031 - Church Grounds Maintenance EX032 - Flower Expenditure Charitable activities Totals Governance costs EX026 - APCM/PCC Expenditure EX029 - Independent Examiner Fee EX033 - Monthly Offering Envelopes Governance costs Totals Other resources used EX096 - Miscellaneous Expenditure Recharge to St. Michael's Other resources used Totals Resources used Grand totals |
9,525.06 - - - 9,525.06 11,600.00 3,102.62 - - - 3,102.62 2,560.42 - - - - - - 1,119.34 - - - 1,119.34 1,094.74 - - - - - - 22.65 - - - 22.65 - 602.81 - - - 602.81 336.36 169.97 - - - 169.97 48.30 - - - - - - 60.00 - - - 60.00 50.00 44.11 - - - 44.11 - 827.28 - - - 827.28 382.65 - - - - - 160.99 46.86 - - - 46.86 - - - - - - - 2,221.82 - - - 2,221.82 1,931.35 - - 1,000.00 - 1,000.00 400.00 - 165.58 - - 165.58 718.40 - 16.85 - - 16.85 36.44 - - 4.38 - 4.38 - |
|---|---|
| 17,742.52 182.43 1,004.38 - 18,929.33 19,319.65 - - - - - - - - - - - - 29.73 - - - 29.73 25.85 |
|
| 29.73 - - - 29.73 25.85 - - - - - - |
|
| - - - - - - |
|
| 17,908.05 182.43 1,004.38 - 19,094.86 19,345.50 |
Charity registration number: 1197967
19
St. Paul's Church Roundshaw
Fund movement summary
Selected period: 01 January 2022 to 31 December 2022
| Fund | Fund balances brought forward |
Incoming Resources |
Outgoing Resources |
Transfers | Gains and Losses |
Journal Entries | Fund balances Carried forward |
|---|---|---|---|---|---|---|---|
| Craft - Craft Group | - | - | - | - | - | - | - |
| Fabric - Fabric Fund | 1,467.16 | - | 182.43 | - | - | - | 1,284.73 |
| Flowers - Flower Fund | 15.62 | 40.00 | 4.38 | - | - | - | 51.24 |
| LEGACY - LEGACY AND BEQUESTS | - | 5,000.00 | - | - | - | - | 5,000.00 |
| Lunch Club - Lunch Club/Age UK | 1,638.78 | 2,100.00 | 1,000.00 | - | - | - | 2,738.78 |
| General - General fund | 28,590.50 | 28,839.94 | 17,908.05 | - | - | - | 39,522.39 |
| Totals | 31,712.06 | 35,979.94 | 19,094.86 | - | - | - | 48,597.14 |
Charity registration number: 1197967
20
Notes to the 2022 Financial Statements for St. Paul’s Church, Roundshaw
1. Funds
-
a. Fabric Fund: The Fund balance at 31 December 2022 stands at £1,284.73 represented by:
-
i. Opened Balance: £1,467.16
-
ii. Expenditure -£182.43
iii. Closing Balance: £1,284.73
-
b. Flower Fund: The Fund balance at 31 December 2022 stands at £51.24 represented by:
-
i. Opened Balance: £15.62
-
ii. Donations: £40.00
-
iii. Expenditure: -£4.38
-
iv. Closing Balance: £51.24
c. Legacy and Bequests: The Finance Committee determined that we should create a Fund and report and track legacies, this fund will receive a bequest in 2022. This will enable us to manage the spend of these gifts as the legator wished and ensure transparency. Legacies provide us with the opportunity to share the gift of giving with future generations. They are an investment in the life of this church and pass on the joy of giving.
The Fund balance at 31 December 2022 stands at £5000.00 represented by:
-
Opened Balance: £Nil
-
Incoming Legacies: £5,000.00
-
Expenditure: £Nil
-
Closing Balance: £5000.00
-
d. Lunch Club: The Fund balance at 31 December 2022 stands at £2,738.78 represented by:
-
i. Opened Balance: £1,638.78
-
ii. Donations: £2,100.00
-
iii. Expenditure: 1,000.00
iv. Closing Balance: £2,738.78
- e. General Fund: The Fund balance at 31 December 2021 stands at £39,522.39 represented by: i. Opened Balance: £28,590.50
ii. Income: £28,839.94
iii. Expenditure: £17,908.05
iv. Closing Balance: £39,522.39
- St Paul’s Recharges related to Quarter 4 of 2022 for Parish Support Fund, Rent for Waterer Rise and Finance System were all paid in early January 2023 and will thus appear in the 2023 accounts.
Charity registration number: 1197967
21