## **Report on proceedings of the Parochial Church Council in 2022** 

1. The membership of the Parochial Church Council (PCC) during 2022 was: 

Rector  (Chair of Council) The Reverend Julian Hubbard (until 13[th] Nov 2022) Rector  (Chair of Council) The Reverend Sally Buddle (from 5 Dec 2022) Churchwardens +* Marian Williams  (Vice-Chair) +  Rosalind Lawson Secretary Margaret Davies Attended  6/6 + 2 Extraordinary mtgs Treasurer Linda Chastell Attended 6/6 + 1 Extraordinary mtg +*/Michael Chastell (Deputy Churchwarden) 6/6 + 1  Extraordinary Mtg Julia Hunt 4/6 + 2 Extraordinary Mtgs Annabel Harris 3/6  + 2 Extraordinary Mtgs Stella May (Deputy Churchwarden) 6/6 + 2 Ext Mtgs Mark Wilson 1/6 Jill Eyles 3/3 (elected July 2022) Mike Winterbotham  4/6 + 2 Extraordinary Mtgs 

+ex-officio members 

*Lay Deanery Synod Representatives / Diocesan Synod Representative 

2. The Council has met on 6 occasions (+ two Extraordinary meetings). 

   - The main items for discussion at each meeting are noted here 

   - 12 January 2022 – Review of priorities for the parish in 2022. The PCC also resolved to approve the updated Parish Profile as part of the process for appointing a new incumbent. 

   - 18 February 2022 (Extraordinary meeting) – The PCC unanimously accepted the preferred tender for the North Door project in the light of the Architect’s report on tenders received. 

   - 16  March  2022  –  Our  response  to  the  war  in  Ukraine:  and approval of 2021 Accounts. The PCC resolved to donate £1000 to the preferred charity of the Bishops and also £1000 to St Marks Ockford Ridge for the food bank. 

   - 4 May 2022 - Our agenda for responding to climate change, including  church  energy  use.   The  PCC  set  objectives  for renewing the lighting in the church, registering for Eco-Church and reviewing financial investments and energy supply contracts in light of sustainability. 

   - Section  11  Meeting  19  June  2022  –  To  appoint  2  Parish Representatives to the interview panel for a new incumbent, and to  confirm  approval  of  the  Statement  of  Needs.  It  was  also 



decided unanimously to reject the passing of a Resolution to prevent the appointment of a woman. 

- 6 July 2022 – Review of the administration of the Parish of St. Nicholas and an update on the appointment of a new incumbent.  The PCC also resolved at this meeting to progress the upgrade to the lighting system in the church. 

- 14 September 2022 – Safeguarding in the parish, including a training session with Jill  Sandham.  The PCC resolved at this meeting to retain the restoration element of  the East Window project. 

- 2 November 2022 – Discussion concerning the Parish Needs Process including review of the previous two years and future priorities 

From  January  2022  the  Council  kept  COVID  restrictions  and  our pattern of worship under review until the relaxation of restrictions at Easter 2022.  The North Door project has been a recurring item and will  soon  be  completed  together  with  a  second  loo.  There  is  a management plan in place for Compton Churchyard 

Reports on Health & Safety and Safeguarding have been received at each PCC meeting. 

The  PCC  has  complied  with  the  duty  under  section  5  of  the Safeguarding and Clergy Discipline Measure 2016, namely the duty to  have  regard  to  House  of  Bishops’  guidance  on  safeguarding children and vulnerable adults. In particular during the year, the PCC has received a training session on its safeguarding responsibilities and members have completed the Basic Awareness module. Safeguarding issues have been taken into account in the development of new children’s  activities.  Disclosure  and Barring Service (DBS) checks have been made or renewed, as required. 

The PCC and Parish said farewell to the Revd Julian Hubbard on November  13[th] and  welcomed  the  Revd  Sally  Buddle  at  her Institution on December 5[th] 2022. 

Margaret Davies Secretary April 2023 



St Nicholas, Compton
Financial Statements
of the Parochial Church Council
for the year ¢nded 31 December 2022
Contents
Accounts..
Statcment of mov¢ment5 00 fund accounts
Accounting poli¢i¢s and b&sis of preparation
General Fund - income and expeftditur¢ account
Fabric Fund _ income and expenditure account
Balance sheet
Independent examlnetrs reEX)rt

St Nicholas Church Compton
Annual report and accounts for the year ended 31 December 2022
Statement of fin*rteial aetivi*ies
Unresth'dtdfunds
GeDernl fund
Rcslric¢ed Funds
Fxbri¢' School
Total
Funds
Total
Fund5
Totsl
FabrleD*.
Y•i¢d
2022
2021
Movements ill the year
Total incoming resources (excluding 61966
exceptional legacy)
Exceptional Icgacy
Total incoming r¢soU￿¢S
Tota] outgoing resources
63.345
62295
284
125.924
79,311
428,612 428.612
62,966 428.991 491,957
( 50,590
148
50,7i8
12,J76 428.843 441,219
{ 2.821)
2.821)
428.612
554,5)6
{ 78.760)
475.776
4.360)
62.295
( 26,8341
J5,461 {
{ 1.539)
284
1.188)
904)
79.311
( 01.819)
17.492
4,703
Revaluation of units
Transfers trtween funds
Su lus/ (deficti)
eur
9,555 428,84J 4J8,398
33,922
471.416
22,195
Balance brou
t forward l Jall 22 136.176
30,465 166.641
li,209
2.867
182,717
160,522
Bolance cdrriedforward31 Déc 2022
145,731 459.J08 605.0)9
47.131
1,96)
654,133
182,717
2Q22 PCCACCAlkc22 yu lethl}. 14JMll023
lof6

St Nicholas Church Compton
Annual report and accounts for the year ended 31 December 2022
Accollnting policies and basis of preparntion
The financial statements of the PCC have prcparcd in accordance with the Church Acc4)unting Regulations
togethcr with applicable Accounting StAndard5 and the Cbarities SORP. They have ptrpatrd on the hislorica]
cost convention ¢x¢ept for the revaluation of investmenl assets which are shown at markei value in the staiement
of assets and liabilities.
The accounts include all transaction& assets and liabilities for which the PCC can be held reswknsible.
They do noi in¢lude accounts of other church groups that owe on affiliation to another body, nor those that a
infomial gathcrings of church [ne￿n￿r$.
Fund accounts
The financial affaits ofthe PCC are conducted through a number of fund accounts. Restricted funds can only be
applied for 5￿c]ri￿ purposes. Designated funds are ih05e whi¢h the PCC has designated for particular purpos¢s.
The G¢n¢rai Fund is an unre5tr&cted fund available for the regular activities of the PCC. The PCC h&
designated part of this fund to the Fabric shown al￿>ve as Fabric Des￿gn￿Cd Genernl Fund.
The Fabric Fund is a restricted fund for the improvemenL maintenance aJMI upkeep of th¢ fabric of the church.
The School Fund is a restrietcd fvTtd which may only k applied for educational wrp)5¢5.
Incoming re50urc
Collections are recognis¢d when trceived by or on b¢half of th¢ PCC.
Planned giving receivable under Gift Aid is reeognised only when receive(L
Income tax recoverable on Gift Aid donations is recognised when the associated incorne is recognis¢d.
Grants and lega¢i¢s to the PCC are account￿ for as ￿on &s the PCC is notifi￿ of its legal entitlemen( th¢ amount
due quantifiable and its ultimate receipt by the PCC is reasonably certain.
Sales of books and magazines are account￿ for gro4 as is incomc from chur¢h events.
Dividends from inveslrneni units are accounted for when due and payable. Interest entitlements are recognised
as they accrue. Realised gains or losses are recognised when investments are sold. Unr¢alised gains or105ses
are accounted for on r¢va]uation of investments ai 31 D¢ccmber.
Granls and donations are accounted for when paid over. or when aw8rded if the award creates binding obligations.
Donated facilities and services are includd in income (and at the same time ill resources expended) at estitnated
fair Yalue to the PCC for the service or facility receiv¢d. The value of any voluntary help r￿C1ved is not included in
the accounts but is descrilxd in the Tru5teds Annual Rewrt.
Assets
Insofar &% cOnsecra￿d and IKnefice protty of any kind is excluded from the statutory definition of'charity,
by Section 10(2) (a) and (c) of the Charities Act 2011. such &ssers are not Capitalis￿ in the financia] statements.
Movable church fumi5hing a￿ (apilaliscd at cost and depre¢l￿ed over their useful economic life other than whe
in5ufticient cost inforniation is available. ID this c&5¢ the item is not C4)its]irf though all items are included in the
church'g inventory which can be inspected by 8greemenL
"I"angible fixed &5s¢ts are capitalised if they can k used for more than one year and their cost ex¢ttds £500.
They are valued at cosl, or else for gifLs in kind at a reasonable estimate of their open market value on receipt.
Dcpreciation is catculated to write off th¢ ¢apitalised c05t olfixed assets less their currently anticipated residual fair
value ovcr their estimated usefitl liyes as follow5= planL machin¢r)' (inrluding electroni¢ equipment) 3-7 years.
All exp¢nditure incurred in th¢ ycar on consecrdted or b¢neficryJ buildings is written off.
Office equipment is depreciated on a strdtght line basis over four years. plant and machinery over seven yearg.
Investments are valued at ]narket value as at 31 D￿eME*r. B(M)k St￿kS are accounted for at'first in fiN out cost.
Short term deposits includ¢ cash held on de￿sIt with either the CCLA Church of England Funds or al the bank.
Expendithre & liabiliÉi
Liabilities are recognised as soon a5 there is a legal or constructiv¢ obligation and settlement is probable alld
quantifiable.
The PCC employed part time organists. secretarics and a gardener but no tAYments were largc cnough in the
previous or currcnt years to attr￿t social security costs. Key management personnel received no employee ]￿efits.
Relaiedparty Iransactlorts ure onpoge 4
Responsibility statement
These accounts ar¢ lh¢ responsibility of Compton PCC aJ]d weft appmved by them on 16th April 2023.
2022 PCcAcCAD￿22 ye￿end le8acy(l}. 14AW2023
2of6

St Nicholas Church Compton
Annual report and accounts for the year ended 31 December 2022
General fund- income aDd expenditure account
2022
Ye*r
2021
Year
I Income
1.1 Incomefrom donat¥on¥ and legacies
Standing orders under gift aid
Free will offerings and gifts
Collections at services under gift aid- church funds
Donations- 2022 from Diocese
Tax refunds on gift aid
Church box and gtft IK>xes
36.185
2.540
7.874
2.000
9.722
2)6
58,557
2,973
232
1,204
2.750
10,344
1,650
11.766
942
1.2 Incomefrom Lhurch activities- wedding &fvieralfees
1.3 Bookstall income- sales ofguide books, book¥, pnagazines, elc.
1.4 Investment Tncopne (iptserest on El￿eSt￿e￿I wilts & depasit accounl)
167
689
rot&1 Inc4pme
62,966
67.773
Eipenditure on chur¢h ac¢iYilies
2.1 Costs ofministy
Parish share payable to th¢ Dio¢ese
R¢ctoVs eX￿nSeS
OrganisL relief organists & relief clergy
Rectory outgoings {rcpairs etc.. watrr rdlo alarnL office computer & phone)
Misce118neous PCC expenses. includes £2.25? costs of ￿¢TUiting new pri￿¢
gift to St Marks £l.000 and Ukraine aid £l.000 (2021 includes £500
in metnoriam charifable donations)
31.103
30.655
3.340
2.450
4.635
985
34.090
2.3 Church nlnning aml maintenance
Fabric and ¢lectri¢a] repairs, aiarn) alld sound mainfrnance and depreciation
H¢ating and lighting
Orw, music, candles wine and wafers
Insura￿ce
Churchyard
1,323
2.687
982
2.731
41
7,764
2,538
634
2.621
1,738
9,567
2.4 Administration
Salaries & wages
Office costs (priniings photocopyin8 & postag4 office equipmcnt costs)
Independenl examiner's fees
Sundries
1,908
1,441
400
3,369
698
100
6,493
3,748
Tolal
endliure
50,590
50,150
.Su Iusfor iheyear
12.376
17,622
2022 PCCACCA[￿22 yeat Icgw(1)- 14KMr2023
3of6

St Nicholas Church Compton
Annual report and accounts for the year ended 31 December 2022
Fabric Fund - income and expeDdithre aeeordnt
2022
2022
2022
Totsl
2021
Total
R¢strkte
Income
Fabric donations- North Door (2021- North Door £4.830.
E&%t Window glass £l.189. clock winder £4,250)
Exceptiona] receipt- tkga¢y re¢¢ivable (note below)
Donation for glass repairs
Gift 8id on North Door donations
VAT recoverable on listed building works
VAT recoverable on clock winder costs
Int¢r¢51 (including £347 on inY¢sthient Unl￿ 2021- £336)
44,732
44.732
10.269
428,612
428.612
5,000
10.806
1,395
10.806
l.i95
916
351
362
379
741
Totul ineome
Expenditure
North Door project- architects fees
North Door project stonetnL8on
EIKtrical improvements related to North door project
Repairs to East Window gl
Clock winder and related WOTks
62.295 428.991
491286
11,536
4.403
148
4,551
4,535
17.674
3.567
17.674
3,567
1,189
5,945
To¢¢TI expendilure
148
26.982
11,669
Surplus (deficit)for Iheyear
35.461 428.843
464,304
133)
The last Quinquetmi41 fabric insixction was in 2018 and a further insp¢thion will be carried out in 2023.
The PCC has approved the North Door projed that will. inter-ali4 improve xcess to the churth. The anticipated cost
h&% ￿en fundcd by donations.
Excepliona] receipt_ L4acy receivable: The PCC were made &WaTe of an unrestricted legw in 2022 by the d￿Eased,5
solicitora. The legacy wa5 received in two toyments in January and March 2023.
The Legacy is unrestrieted but the PCC h&8 currently designatsj it to the Fabric Fund to refi￿t the wishes ofthe donor.
School Fund
The Fledglings childrens, group was ¢stsblished during 2022. Income represents a￿Ddance fees and inter¢st of £)8.
Costs include art work £305, first aid training £455 and rent £288.
RelAted party trAllsaetions
The majority of PCC donations io the church ar¢ through standing ordu or through gift aid envelope5. In addiiion.
PCC memtrtrs make cash donations from time to time which are not separatal from those of other Members of the
congregation. The estimated total donalions from member5 of the PCC during the year was £8.140 (2021- £9,464).
The PCC is 8fdt¢ful to Mrs Williarns (churchwarden) for use of office stoce in a convcrtcd gardge for which charge
was made. The PCC'S estimate of thc fair valu¢ of this gift is £800 for the ￿riod to IktoE£r 2021. after which the office
moved to the church. and is iTrcluded in iM)th donatrons and oifice costs.
Charitable dongtions
These accounts do not include those donations raised for other cl]aTities through the a¢tivities of the churclL or
parishioners.
2022 PcCA￿AD￿22 JrarcrKI"M icBXJ(11. 14rtM12023
4of6

St Nicholas Church Compton
Annual report and accounts for the year cnded 31 December 2022
Bal&n¢e sheet
31-Dec
2022
31-Dee
2021
FLYed assets
Investments- CBF Income Sh8res- see note below
Tangible fixed a8sets- computer- see note I￿lOW
Currenl &ssÉts
Debtors and prepayments
t£gacy receivable
Committed donats"on. gift aid w prepayments and VAT
DetKisit Aceounts with the Central Bogrd of Finance
General Fund
Fabri¢ Fund
School Fund
Cash at bank
Total dewsits and ¢ash
33.058
37,418
550
428.612
4.791
9.642
85,166
30,375
2.905
70.614
189.060
85,166
29,981
2,867
18.973
136,987
Total curreul dwets
622,463
146,629
Llabililies.. amOUntsf￿1Ing due within oneyeur
CrediioT5 and aCcn￿S
{ 1.788)
( 1.880)
Tolal llubililies
( 1,788
1,880
Nel u5sels
654,133
182.717
Fund aCCOMnts
654,133
182,717
The CBF Church of England Investment Fund- 1.600 Income Shares cost at £1.08 per share, their valu¢ at
D¢c¢mber 1975. At 31 D¢¢ember 2022 th¢ value Ftr share was £20.65 (2021- £2).i8) giving a iotal value of £33,058.
(2021 - £37,418}. 565 of the sharcs are deSt￿ted to thc Fabric Fund, th¢ rcmainder designated to the General
Fund.
In 2021 a computer w&8 pU￿hased for £700. annual depreciation is £150 and totsI depreciation is £300.
In 2015 sound equipment was EK)ught at a CO￿ of £7.384 and is fully depreciated.
In 2009 a cond¢nser kniler and radio microphone were purchased at a c05t of £6,882 and £793 whi¢h atr fully
depreciated.
AppToved by Compton Parochtai Church Council on the 16th April 2023 and sign•1 on its behalf by:
Reverend SaIly Buddle
Mrs L J Ch&8tell
Rector
2022 PCCACCAt*cll Ye>T￿ W le￿11. 14Aw2￿11
5of6

St Nicholas Church Compton
Annual report and accounts for the year ended 31 December 2022
llldependent examiner's report to the PCC of St Nicholas, Compton
This report on the accounts of the PCC for the year ended 31 t)ecember 2022, which are set out on pages I to 5.
is in rc5pect of an examinatton wried out under The Regulations of the ChuTch Accounting Regulations 2006
{'the Regulations,) and 5.145 of the Charhti¢5 Act 2011 {'the A¢t').
Respective responsibilities ofihe PCC and the
As members of th¢ PCC you are resp)nsible for the preFwation of th¢ accounts" you consider thllt th¢ audit
Tequircment of the Regul&tions and section 14412) of the A¢t do not apply. It is Tny restK)nsibility to issue this re[￿{
on those accounts in a¢cordance with the tem]s of the Regulation&
Ba¥is ofthis reporl
My exawillation was Carri￿ out in a¢¢ordance wilh the tienera] DireLiions given by the Charity Commission
under section 145(5Xb) of the Act and to be found im the Church guidanK 201) edition, issued by the Finatlce
Division of the Ar¢hbishop5' Council. That exatnination includes a revi¢w of the accounting records kept by the
PCC and & comparison of the accounts with those record& It also includes considering any unusua] items or
disclosur¢s in the accounts and sccking cxplanations from you as trvslees concerning any such mattet3. Thc
procedures undertaken do not provide the evidence ihat would ￿ required in an audiL and consequentl) I do
not express an aLHlit opinion on the view given by the accounts.
Jndeperydcnt examiners siaiemeni
In connection with our examination. no mafter h&s wme to my attetLtion.'
{1) which gives me reasonable cause to ￿ti¢ve that in any material r¢srrtt the requiretn¢llts
to k¢¥p aGGounting recor(ts in ac¢ordance with section 130 of the ACL and
to prepare accounts whsch accord with the accounting records and cotnply with the requiremellts of ihe
Act and the RegFulalions have not been met: or
{ii) lo whicK in my opinion. attention should be thxwn in OTder to enable a proFtr understanding of the accounts
to be rwhcd.
Maple Hous¢
2 w0￿}￿rry Close
Chiddingfold
Godalming GU8 4SF
17th April 2023
Anthony Kelly B.Sc FCA
Chartered A￿ountant
2022 PCCACCADe¢22 yetsTeE￿ W legwlll. 17W2023
6of6

St Nicholas, Compton
Financial Statements
of the Parochial Church Council
for the year ¢nded 31 December 2022
Contents
Accounts..
Statcment of mov¢ment5 00 fund accounts
Accounting poli¢i¢s and b&sis of preparation
General Fund - income and expeftditur¢ account
Fabric Fund _ income and expenditure account
Balance sheet
Independent examlnetrs reEX)rt

St Nicholas Church Compton
Annual report and accounts for the year ended 31 December 2022
Statement of fin*rteial aetivi*ies
Unresth'dtdfunds
GeDernl fund
Rcslric¢ed Funds
Fxbri¢' School
Total
Funds
Total
Fund5
Totsl
FabrleD*.
Y•i¢d
2022
2021
Movements ill the year
Total incoming resources (excluding 61966
exceptional legacy)
Exceptional Icgacy
Total incoming r¢soU￿¢S
Tota] outgoing resources
63.345
62295
284
125.924
79,311
428,612 428.612
62,966 428.991 491,957
( 50,590
148
50,7i8
12,J76 428.843 441,219
{ 2.821)
2.821)
428.612
554,5)6
{ 78.760)
475.776
4.360)
62.295
( 26,8341
J5,461 {
{ 1.539)
284
1.188)
904)
79.311
( 01.819)
17.492
4,703
Revaluation of units
Transfers trtween funds
Su lus/ (deficti)
eur
9,555 428,84J 4J8,398
33,922
471.416
22,195
Balance brou
t forward l Jall 22 136.176
30,465 166.641
li,209
2.867
182,717
160,522
Bolance cdrriedforward31 Déc 2022
145,731 459.J08 605.0)9
47.131
1,96)
654,133
182,717
2Q22 PCCACCAlkc22 yu lethl}. 14JMll023
lof6

St Nicholas Church Compton
Annual report and accounts for the year ended 31 December 2022
Accollnting policies and basis of preparntion
The financial statements of the PCC have prcparcd in accordance with the Church Acc4)unting Regulations
togethcr with applicable Accounting StAndard5 and the Cbarities SORP. They have ptrpatrd on the hislorica]
cost convention ¢x¢ept for the revaluation of investmenl assets which are shown at markei value in the staiement
of assets and liabilities.
The accounts include all transaction& assets and liabilities for which the PCC can be held reswknsible.
They do noi in¢lude accounts of other church groups that owe on affiliation to another body, nor those that a
infomial gathcrings of church [ne￿n￿r$.
Fund accounts
The financial affaits ofthe PCC are conducted through a number of fund accounts. Restricted funds can only be
applied for 5￿c]ri￿ purposes. Designated funds are ih05e whi¢h the PCC has designated for particular purpos¢s.
The G¢n¢rai Fund is an unre5tr&cted fund available for the regular activities of the PCC. The PCC h&
designated part of this fund to the Fabric shown al￿>ve as Fabric Des￿gn￿Cd Genernl Fund.
The Fabric Fund is a restricted fund for the improvemenL maintenance aJMI upkeep of th¢ fabric of the church.
The School Fund is a restrietcd fvTtd which may only k applied for educational wrp)5¢5.
Incoming re50urc
Collections are recognis¢d when trceived by or on b¢half of th¢ PCC.
Planned giving receivable under Gift Aid is reeognised only when receive(L
Income tax recoverable on Gift Aid donations is recognised when the associated incorne is recognis¢d.
Grants and lega¢i¢s to the PCC are account￿ for as ￿on &s the PCC is notifi￿ of its legal entitlemen( th¢ amount
due quantifiable and its ultimate receipt by the PCC is reasonably certain.
Sales of books and magazines are account￿ for gro4 as is incomc from chur¢h events.
Dividends from inveslrneni units are accounted for when due and payable. Interest entitlements are recognised
as they accrue. Realised gains or losses are recognised when investments are sold. Unr¢alised gains or105ses
are accounted for on r¢va]uation of investments ai 31 D¢ccmber.
Granls and donations are accounted for when paid over. or when aw8rded if the award creates binding obligations.
Donated facilities and services are includd in income (and at the same time ill resources expended) at estitnated
fair Yalue to the PCC for the service or facility receiv¢d. The value of any voluntary help r￿C1ved is not included in
the accounts but is descrilxd in the Tru5teds Annual Rewrt.
Assets
Insofar &% cOnsecra￿d and IKnefice protty of any kind is excluded from the statutory definition of'charity,
by Section 10(2) (a) and (c) of the Charities Act 2011. such &ssers are not Capitalis￿ in the financia] statements.
Movable church fumi5hing a￿ (apilaliscd at cost and depre¢l￿ed over their useful economic life other than whe
in5ufticient cost inforniation is available. ID this c&5¢ the item is not C4)its]irf though all items are included in the
church'g inventory which can be inspected by 8greemenL
"I"angible fixed &5s¢ts are capitalised if they can k used for more than one year and their cost ex¢ttds £500.
They are valued at cosl, or else for gifLs in kind at a reasonable estimate of their open market value on receipt.
Dcpreciation is catculated to write off th¢ ¢apitalised c05t olfixed assets less their currently anticipated residual fair
value ovcr their estimated usefitl liyes as follow5= planL machin¢r)' (inrluding electroni¢ equipment) 3-7 years.
All exp¢nditure incurred in th¢ ycar on consecrdted or b¢neficryJ buildings is written off.
Office equipment is depreciated on a strdtght line basis over four years. plant and machinery over seven yearg.
Investments are valued at ]narket value as at 31 D￿eME*r. B(M)k St￿kS are accounted for at'first in fiN out cost.
Short term deposits includ¢ cash held on de￿sIt with either the CCLA Church of England Funds or al the bank.
Expendithre & liabiliÉi
Liabilities are recognised as soon a5 there is a legal or constructiv¢ obligation and settlement is probable alld
quantifiable.
The PCC employed part time organists. secretarics and a gardener but no tAYments were largc cnough in the
previous or currcnt years to attr￿t social security costs. Key management personnel received no employee ]￿efits.
Relaiedparty Iransactlorts ure onpoge 4
Responsibility statement
These accounts ar¢ lh¢ responsibility of Compton PCC aJ]d weft appmved by them on 16th April 2023.
2022 PCcAcCAD￿22 ye￿end le8acy(l}. 14AW2023
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St Nicholas Church Compton
Annual report and accounts for the year ended 31 December 2022
General fund- income aDd expenditure account
2022
Ye*r
2021
Year
I Income
1.1 Incomefrom donat¥on¥ and legacies
Standing orders under gift aid
Free will offerings and gifts
Collections at services under gift aid- church funds
Donations- 2022 from Diocese
Tax refunds on gift aid
Church box and gtft IK>xes
36.185
2.540
7.874
2.000
9.722
2)6
58,557
2,973
232
1,204
2.750
10,344
1,650
11.766
942
1.2 Incomefrom Lhurch activities- wedding &fvieralfees
1.3 Bookstall income- sales ofguide books, book¥, pnagazines, elc.
1.4 Investment Tncopne (iptserest on El￿eSt￿e￿I wilts & depasit accounl)
167
689
rot&1 Inc4pme
62,966
67.773
Eipenditure on chur¢h ac¢iYilies
2.1 Costs ofministy
Parish share payable to th¢ Dio¢ese
R¢ctoVs eX￿nSeS
OrganisL relief organists & relief clergy
Rectory outgoings {rcpairs etc.. watrr rdlo alarnL office computer & phone)
Misce118neous PCC expenses. includes £2.25? costs of ￿¢TUiting new pri￿¢
gift to St Marks £l.000 and Ukraine aid £l.000 (2021 includes £500
in metnoriam charifable donations)
31.103
30.655
3.340
2.450
4.635
985
34.090
2.3 Church nlnning aml maintenance
Fabric and ¢lectri¢a] repairs, aiarn) alld sound mainfrnance and depreciation
H¢ating and lighting
Orw, music, candles wine and wafers
Insura￿ce
Churchyard
1,323
2.687
982
2.731
41
7,764
2,538
634
2.621
1,738
9,567
2.4 Administration
Salaries & wages
Office costs (priniings photocopyin8 & postag4 office equipmcnt costs)
Independenl examiner's fees
Sundries
1,908
1,441
400
3,369
698
100
6,493
3,748
Tolal
endliure
50,590
50,150
.Su Iusfor iheyear
12.376
17,622
2022 PCCACCA[￿22 yeat Icgw(1)- 14KMr2023
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St Nicholas Church Compton
Annual report and accounts for the year ended 31 December 2022
Fabric Fund - income and expeDdithre aeeordnt
2022
2022
2022
Totsl
2021
Total
R¢strkte
Income
Fabric donations- North Door (2021- North Door £4.830.
E&%t Window glass £l.189. clock winder £4,250)
Exceptiona] receipt- tkga¢y re¢¢ivable (note below)
Donation for glass repairs
Gift 8id on North Door donations
VAT recoverable on listed building works
VAT recoverable on clock winder costs
Int¢r¢51 (including £347 on inY¢sthient Unl￿ 2021- £336)
44,732
44.732
10.269
428,612
428.612
5,000
10.806
1,395
10.806
l.i95
916
351
362
379
741
Totul ineome
Expenditure
North Door project- architects fees
North Door project stonetnL8on
EIKtrical improvements related to North door project
Repairs to East Window gl
Clock winder and related WOTks
62.295 428.991
491286
11,536
4.403
148
4,551
4,535
17.674
3.567
17.674
3,567
1,189
5,945
To¢¢TI expendilure
148
26.982
11,669
Surplus (deficit)for Iheyear
35.461 428.843
464,304
133)
The last Quinquetmi41 fabric insixction was in 2018 and a further insp¢thion will be carried out in 2023.
The PCC has approved the North Door projed that will. inter-ali4 improve xcess to the churth. The anticipated cost
h&% ￿en fundcd by donations.
Excepliona] receipt_ L4acy receivable: The PCC were made &WaTe of an unrestricted legw in 2022 by the d￿Eased,5
solicitora. The legacy wa5 received in two toyments in January and March 2023.
The Legacy is unrestrieted but the PCC h&8 currently designatsj it to the Fabric Fund to refi￿t the wishes ofthe donor.
School Fund
The Fledglings childrens, group was ¢stsblished during 2022. Income represents a￿Ddance fees and inter¢st of £)8.
Costs include art work £305, first aid training £455 and rent £288.
RelAted party trAllsaetions
The majority of PCC donations io the church ar¢ through standing ordu or through gift aid envelope5. In addiiion.
PCC memtrtrs make cash donations from time to time which are not separatal from those of other Members of the
congregation. The estimated total donalions from member5 of the PCC during the year was £8.140 (2021- £9,464).
The PCC is 8fdt¢ful to Mrs Williarns (churchwarden) for use of office stoce in a convcrtcd gardge for which charge
was made. The PCC'S estimate of thc fair valu¢ of this gift is £800 for the ￿riod to IktoE£r 2021. after which the office
moved to the church. and is iTrcluded in iM)th donatrons and oifice costs.
Charitable dongtions
These accounts do not include those donations raised for other cl]aTities through the a¢tivities of the churclL or
parishioners.
2022 PcCA￿AD￿22 JrarcrKI"M icBXJ(11. 14rtM12023
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St Nicholas Church Compton
Annual report and accounts for the year cnded 31 December 2022
Bal&n¢e sheet
31-Dec
2022
31-Dee
2021
FLYed assets
Investments- CBF Income Sh8res- see note below
Tangible fixed a8sets- computer- see note I￿lOW
Currenl &ssÉts
Debtors and prepayments
t£gacy receivable
Committed donats"on. gift aid w prepayments and VAT
DetKisit Aceounts with the Central Bogrd of Finance
General Fund
Fabri¢ Fund
School Fund
Cash at bank
Total dewsits and ¢ash
33.058
37,418
550
428.612
4.791
9.642
85,166
30,375
2.905
70.614
189.060
85,166
29,981
2,867
18.973
136,987
Total curreul dwets
622,463
146,629
Llabililies.. amOUntsf￿1Ing due within oneyeur
CrediioT5 and aCcn￿S
{ 1.788)
( 1.880)
Tolal llubililies
( 1,788
1,880
Nel u5sels
654,133
182.717
Fund aCCOMnts
654,133
182,717
The CBF Church of England Investment Fund- 1.600 Income Shares cost at £1.08 per share, their valu¢ at
D¢c¢mber 1975. At 31 D¢¢ember 2022 th¢ value Ftr share was £20.65 (2021- £2).i8) giving a iotal value of £33,058.
(2021 - £37,418}. 565 of the sharcs are deSt￿ted to thc Fabric Fund, th¢ rcmainder designated to the General
Fund.
In 2021 a computer w&8 pU￿hased for £700. annual depreciation is £150 and totsI depreciation is £300.
In 2015 sound equipment was EK)ught at a CO￿ of £7.384 and is fully depreciated.
In 2009 a cond¢nser kniler and radio microphone were purchased at a c05t of £6,882 and £793 whi¢h atr fully
depreciated.
AppToved by Compton Parochtai Church Council on the 16th April 2023 and sign•1 on its behalf by:
Reverend SaIly Buddle
Mrs L J Ch&8tell
Rector
2022 PCCACCAt*cll Ye>T￿ W le￿11. 14Aw2￿11
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St Nicholas Church Compton
Annual report and accounts for the year ended 31 December 2022
llldependent examiner's report to the PCC of St Nicholas, Compton
This report on the accounts of the PCC for the year ended 31 t)ecember 2022, which are set out on pages I to 5.
is in rc5pect of an examinatton wried out under The Regulations of the ChuTch Accounting Regulations 2006
{'the Regulations,) and 5.145 of the Charhti¢5 Act 2011 {'the A¢t').
Respective responsibilities ofihe PCC and the
As members of th¢ PCC you are resp)nsible for the preFwation of th¢ accounts" you consider thllt th¢ audit
Tequircment of the Regul&tions and section 14412) of the A¢t do not apply. It is Tny restK)nsibility to issue this re[￿{
on those accounts in a¢cordance with the tem]s of the Regulation&
Ba¥is ofthis reporl
My exawillation was Carri￿ out in a¢¢ordance wilh the tienera] DireLiions given by the Charity Commission
under section 145(5Xb) of the Act and to be found im the Church guidanK 201) edition, issued by the Finatlce
Division of the Ar¢hbishop5' Council. That exatnination includes a revi¢w of the accounting records kept by the
PCC and & comparison of the accounts with those record& It also includes considering any unusua] items or
disclosur¢s in the accounts and sccking cxplanations from you as trvslees concerning any such mattet3. Thc
procedures undertaken do not provide the evidence ihat would ￿ required in an audiL and consequentl) I do
not express an aLHlit opinion on the view given by the accounts.
Jndeperydcnt examiners siaiemeni
In connection with our examination. no mafter h&s wme to my attetLtion.'
{1) which gives me reasonable cause to ￿ti¢ve that in any material r¢srrtt the requiretn¢llts
to k¢¥p aGGounting recor(ts in ac¢ordance with section 130 of the ACL and
to prepare accounts whsch accord with the accounting records and cotnply with the requiremellts of ihe
Act and the RegFulalions have not been met: or
{ii) lo whicK in my opinion. attention should be thxwn in OTder to enable a proFtr understanding of the accounts
to be rwhcd.
Maple Hous¢
2 w0￿}￿rry Close
Chiddingfold
Godalming GU8 4SF
17th April 2023
Anthony Kelly B.Sc FCA
Chartered A￿ountant
2022 PCCACCADe¢22 yetsTeE￿ W legwlll. 17W2023
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