2022-12-31-accounts

Annual Report and Accounts

of the Parochial Church Council of

Cassop cum Quarrington with Bowburn

for the Year Ended 31 December 2022

Christ The King Centre, Bowburn. Charity Registration Number 520741

Priest in charge

Fr. John Livesley Bede Terrace Bowburn Co Durham DH6 5DL

Bank:

Barclays Bank Plc 6/7 Market Place Durham City DHI 3BT

Independent examiner:

S Easton FCA Haines Watts Sterling House 22 St Cuthberts Way Darlington Co. Durham DL1 1GB

Parish of Cassop cum Quarrington with Bowburn

Contents of the financial statements for the year ended 31 December 2022

	Page
PCC Report	1-2
Independent Examiner's Report	3
Income and Expenditure Account	4
Balance Sheet	5
Notes to the Accounts	6-9

Parish of Cassop cum Quarrington with Bowburn

Year Ended 31 December 2022

Report of the Parochial Church Council

Christ The King Centre, Bowburn. Charity Registration Number 520741

Membership

Membership of the PCC is either ex officio or elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules. During the year the following served as members of the PCC: Priest in charge: Fr. John Livesley Wardens: Mrs Patricia Asumadu-Aboagye Mrs Heather Kelly

Representatives on the Deanery Synod: Mr Stephen White Secretary: Mr Stephen White Treasurer: Mrs Janet Punshon Lay Reader Mr Stephen Crosby Elected Members: Mr Keith Armstrong Mrs Mary Armstrong Mr Kevin Barber Mrs Stacey Bath Mrs Marina Gunn Mrs Sue Maxwell Mrs Doreen Thompson Mrs Maureen Robinson Mrs Valerie Richardson

Committees

The PCC operates through a number of committees, which meet between full meetings of the PCC

Standing Committee:

This is the only committee required by law. It has the power to transact the business of the PCC between its meetings, subject to any directions given by the Council.

Fabric and Finance Committee:

Oversees the general financial dimension of the work of the parish by monitoring income and expenditure. Attends to matters relating to the stewardship of the church buildings and fabric, the churchyard at Quarrington Hill and the Vicarage.

Social Committee:

Organises and co-ordinates social occasions throughout the year which give parishioners an opportunity for fellowship. Some of these events will raise money for PCC funds. One event each year raises money for a charitable cause other than the parish.

Social Committee:

Organises and co-ordinates social occasions throughout the year which give parishioners an opportunity for fellowship. Some of these events will raise money for PCC funds. One event each year raises money for a charitable cause other than the parish.

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Parlsh ol Ca550p cum Quarringlon with Bowburn Indeptrndwt Examlner's Rtrptsrt to the PCC of Cassop cum Quarrlnwon wlth Bowburn Year Ended 31 December 2022 Thi5 report ￿ Ihe accwnls ol Ihe PCC for Ihe year ended 31 December 2022 are Set out on pages 4 10 9, Ss In resp￿ ol an examination carried oui In accordance the Church Accounting Reyulation5 2006 Ilhe Regulabon51 and se￿10n 145 of the Charitieg Aei 2011 1'lh& Act'l. ective re5 nsibililie5 af Iru5tee5 and examin As th£ membprs ol lh¢ PCC you aro re$pon5ibie lor fv pwaraiion of th8 accounis," you consider that the audil requirernenl ol R8gulalions arvj section 1MI21 ol the Aol doe5 nol apply. 11 is my iesponsibilily 10 issue this report on Ih05e accounls accordance wlh Ihe Iwms of the Regulations. Basi ol ind endenl exarninefs re My examination carried out in accordance ￿1th the Geneil Directi￿5 given by the Chariiy Commission und8r Seciion 14515llbl of the Aci and le be found in the Church guidance. 2006 ediliw. That examinaiN)n includès a review ol the acGounling reGoTds kept by PCC and a Compar￿On of the accounts ￿th those records. 11 also includ8s considwing any unusual item5 or discbsurès in the accounts and seeking explanation5 from you as trusiees concemiw any such mallers. The procedures undertaken do noi proV￿e all Ihe evidence that would be requirèd Sn an audil. and cons4ueniiy I do not exprass an aud51 cphhin ￿ the vi8wgiv8n by the accounts. Inde endenl examinef5 statement In ¢onn8ction vrrilh my examinaiKJn, no matter has com8 to my attenlon.. 111 which gives me reasonable cause lo believe that in any rnalerial respect Ihe fequirements 10 ke&p accounting recoids In accordance Wlh Sèction 130 01 th8 Act.. and - to p￿pare a¢¢ounts whi¢h a¢¢ord the a¢¢ouniing records comply ¥￿th the requirements ol the Act and the ReguL91ions have ntsi been mei", or 12) lo which, in ffly otynion. attention 5￿Uld be dlavm in tydÈr 10 enable a pr4)Èr undar8iandw ol th8 &ccounls lo be reach8d. SL( 1é/10/2023 S Easion FCA Haine5 Watts Chartered Accounlants Sl8rling Hous8 22 Sl Culhberts Way Darfingl OL1 1GB

Parish of Cassop cum Quarrington with Bowburn Statement of Financial Activities Year Ended 31st December 2022

Income and endowments: Donations and legacies 2 Activities for generating funds 3 Fundraising 4 Total income Expenditure on: Activities related to church work 5 Fundraising expenses Total expenditure Net movement in funds Total funds brought forward Total funds carried forward	General Designated Restricted Total Fund Funds Funds Funds £ £ £ £ 19,767 - - 19,767 4,917 - - 4,917 4,563 678 - 5,241 29,247 678 - 29,925 28,706 8,803 - 37,509 - - - - 28,706 8,803 - 37,509 541 (8,125) - (7,584) 26,663 184,893 2,000 213,556 27,204 176,768 2,000 205,972	31-Dec-21 Total Funds £ 21,255 2,216 3,428 26,899 35,101 200 35,301 (8,403) 221,959 213,556

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1021 Flxed a8E•ts T•ngiL4tr r￿d alt 177.271 Ca8h Ln haryj B￿k current 19.948 13,143 S.751 Cuwrent Ll•bUlttes: Lo•rA Fal￿ty FuThl nel ass• Unre0t￿￿￿ fvnd• CwvJnabY fuTrJA R•&trIc￿ FUTh 176.7Q9 184.894 10. ZOE3 la.10 LOLJ

Parish of Cassop cum Quarrington with Bowburn

Year Ended 31 December 2022

Notes to the Accounts

(1) Accounting policies

The financial statements have been prepared in accordance with the Church Accounting Regulations together with applicable accounting standards and the Charities SORP.

The financial statements have been prepared under the historical cost convention.

Funds

General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. These include funds designated for a particular purpose by the PCC.

The accounts include transactions, assets and liabilities for which the PCC can be held responsible. They do not include the accounts of church groups that owe an affiliation to another body nor those that are informal gatherings of church members.

Income

Collections are recognised when made.

Amounts receivable under covenant are recognised only when honoured by the covenantor. Income tax recoverable on covenanted donations is recognised when claimable. Funds raised by the fairs, bingo and other fundraising events are accounted for gross. Parochial fees due for weddings, funerals etc are accounted for on an event by event basis. Deposit interest is accounted for when received.

Expenditure

The Parish Share is accounted for when paid and any share unpaid at 31 December is shown as a note to the accounts.

Fixed Assets

Consecrated and dedicated property and moveable church furnishings

Consecrated and beneficed property is excluded from the accounts by the Charities Act 2011 Dedicated property is capitalised and depreciated in the financial statements over its anticipated useful economic life of 50 years.

Moveable church furnishings held by the Priest in charge and churchwardens on special trust for the PCC which require a faculty for disposal are accounted for as inalienable property unless consecrated. Other fixtures and fittings

Equipment used within the church premises is depreciated on a straight line basis over 5 years.

Current Assets

Amounts owing to the PCC at 31 December in respect of fees or other income are shown as debtors.

Current Liabilities

Amounts owed by the PCC at 31 December in respect of expenses are shown as accrued expenses.

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Parish of Cassop cum Quarrington with Bowburn

Year Ended 31st December 2022

Notes to the Accounts (continued)

(2) (3) **(4) **	Donations and legacies 2022 £ Envelopes and covenants 14,589 Income tax (Gift Aid) recovered 3,065 Loose plate 182 Occasional collections 364 Special collections - Flower fund donations - Grants received - Value of donated assets Donations 1,567 19,767 Activities for generating funds 2022 £ Fees 470 Other income 4,447 4,917 General Building Fund Fund 2022 2022 Other income £ £ DBF/Warm Spaces 2855 Votive candles 87 - Tea/coffee money 280 - Hall Hire 988 - Miscellaneous 237 £ 4,447 - £ Fundraising 2022 General Fund: £ Fayres 3,101 Coffee mornings - Pancake Night/Mexican Nights 128 Harvest Supper 252 Blue Bag Appeal 38 Afternoon Teas 568 Jubilee Event 202 Sale of gift tags - Quiz - Easter Raffle 275 4,563 Church Building Fund: 100 Club 678 Penny Bottle - Other - 678 £ 5,241	2021 £ 14,750 3,113 114 368 - 242 - 2,668 21,255 2021 £ 568 1,648 2,216 Total 2021 £ 62 60 1,294 232 1,648 £	2021 £ 1,843 - - 249 89 - - - - 292 2,473 768 - 187 955 3,428

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Parish of Cassop cum Quarrington with Bowburn

Year Ended 31 December 2022

Notes to the Accounts (continued)

(5) Activities directly related to church work

Parish share Clergy expenses Upkeep of services Organist's fees Vergers fees Flowers Heat, light and water Repairs and maintenance Insurance Cleaner's costs Fees to Diocese Sundries Printing and stationery Lease of photocopier Fees Furniture/Fixtures & Fittings Depreciation Profit on disposal Grants: Donations	2022 £ General Designated Total Fund Funds Funds £ £ £ 15,000 - 15,000 1,333 - 1,333 2,405 - 2,405 1,670 - 1,670 - - - - - - 1,756 - 1,756 4,196 - 4,196 894 - 894 - - - - - - 850 - 850 603 - 603 - - - - - - - - - - 8,803 8,803 - - - - - - 28,706 8,803 37,509	2021 . Total Funds £ 16,000 1,061 5,522 1,620 40 20 1,958 5,650 863 398 259 389 - - 7,532 (6,292) 80 35,101

The Diocesan Parish Share for the year ended 31 December 2022 was £15,000, which was paid in full

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Parish of Cassop cum Quarrington with Bowburn

Year Ended 31 December 2022

Notes to the Accounts (continued)

(6) Tangible Fixed Assets

Cost At 1 January 2022 Additions At 31 December 2022 Depreciation At 1 January 2022 Charge for the year At 31 December 2022 Net book value At 31 December 2022 At 31 December 2021	Church Organ Total Building & furniture 227,279 44,831 272,110 - 8,070 8,070 227,279 52,901 280,180 58,969 35,870 94,839 4,546 4,258 8,804 63,515 40,128 103,643 163,764 12,773 176,537 168,310 8,961 177,271

(7) Designated Funds

The movement on designated funds during the year was as follows:

**(8) **

Church Building Note Fund £ As at 1 January 2022 184,893 Add: Income Grants received - Donations - Occasional collections - Income tax - Fundraising (4) 678 Interest received - 678 Less: Expenditure Repairs and maintenance - Depreciation 8,803 Organ & furniture - Profit on disposal - Bank charges and interest - Fundraising expenses - 8,803 As at 31 Dec 2022 £ 176,768 Restricted Funds £ As at 1 January 2022 2,000 Add: Income Donation re Youth Worker - As at 31 December 2022 2,000

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