## **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. 1 Trw 8lw¢ w£15.LIYJt*W F•ld kn M. On td*lfolthe PCC IÉ. 10.CoZ5 Fr 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| |---|---|---| 4 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. 6 ## **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| |---|---|---|---| 7 ## **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 8 * ## **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| |---|---| 9