REGISTERED CHARITY NUMBER: 1126950
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 FOR
THE PCC OF THE ECC PAR SOTON CITY CENTRE
Maven Accountants Limited PO Box 1882 Southampton Hampshire SO15 9JZ
THE PCC OF THE ECC PAR SOTON CITY CENTRE
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
| Page | |
|---|---|
| Reference and Administrative Details | 1 to 2 |
| Report of the Trustees | 3 to 9 |
| Independent Examiner's Report | 10 |
| Statement of Financial Activities | 11 |
| Statement of Financial Position | 12 to 13 |
| Notes to the Financial Statements | 14 to 26 |
| Detailed Statement of Financial Activities | 27 to 28 |
THE PCC OF THE ECC PAR SOTON CITY CENTRE
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2023
TRUSTEES
E Du Croz R Pawsey C E Delve Churchwarden N Fuggle Churchwarden Mrs L Young (appointed 1.4.23) S Hargreaves (appointed 1.4.23) J Ah-Chuen (appointed 1.11.23) Mrs E Bradley (appointed 1.11.23) J Pugh- Smith (appointed 1.4.23) Mrs D Mathew (appointed 1.4.23) T Bird (appointed 1.4.23) P Holt (appointed 1.4.23) Mrs A Matwasa Mrs E Harvey
PCC members (trustees) who have served from 1 January 2023 until the date this report was approved are:
Incumbent:
Rev’d Jon Finch Rector App June 2018
Clergy:
Rev’d Jon Finch Rector App June 2018 Rev’d Tom Boulter Curate App Jul 2021
Church Wardens: Ms Catherine Delve App Apr 2019 Dr Nicholas Fuggle App Dec 2018
Deanery Synod Representatives: Ms Gemma Snell App Oct 2020 Mr Tim Bird App Apr 2023
Other Elected Members of the PCC:
Mr Simon Hargreaves Treasurer App Apr 2023 Mr Jonathan Ah-Chuen App Nov 2023 Mrs Elizabeth Bradley App Nov 2023 Mrs Laura Young App Apr 2023 Mr Jonathan Pugh-Smith App Apr 2023 Miss Deborah Mathew App Apr 2023 Mr Tim Bird App Apr 2023 Ms Rachel Pawsey App Oct 2020 Mr Peter Holt App Apr 2023 Mrs Angela Matwasa App Jun 2021 Mrs Emily Harvey App Jun 2022 Miss Emma Du Croz App Nov 2023
Secretary: Miss Grace Pearson App Nov 2023
PRINCIPAL ADDRESS
135 St Mary Street St Mary Street Southampton Hampshire SO14 1NX
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THE PCC OF THE ECC PAR SOTON CITY CENTRE
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2023
REGISTERED CHARITY 1126950 NUMBER INDEPENDENT EXAMINER Maven Accountants Limited PO Box 1882 Southampton Hampshire SO15 9JZ
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THE PCC OF THE ECC PAR SOTON CITY CENTRE
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Vision Statement
Saint Mary’s Southampton is a community following Jesus, playing our part in the renewal of Southampton.
We aren't just here to build a church, we are here to transform a city. Church was never meant to be
contained in a building, it was meant to flow out and permeate society, uplifting and bringing hope to everyone.
We believe that Southampton can be known as a city where people love their neighbour, where people
experience forgiveness and so they forgive, where kindness is rife and generosity common. Where the young and old are filled with purpose and the rich and poor overflow with compassion.
We believe that in Southampton Jesus is making all things new and we long to see every citizen of our city marching together with all of the saints singing "we’ve found a LOVE that has changed EVERYTHING!" Because with Jesus, the best is yet to come!
Public Benefit Statement
All of our activities are undertaken to further our charitable purposes for the public benefit. In planning our activities for the year we have considered the Charity Commission’s guidance on public
benefit, including the guidance ‘Public Benefit: Running a Charity (PB2)’ and, in particular, the supplementary guidance on charities for the advancement of religion.
ACHIEVEMENT AND PERFORMANCE
Fellowship Numbers
There were 210 members on the Electoral Roll. Of these, 13 live in the parish.
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THE PCC OF THE ECC PAR SOTON CITY CENTRE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023
ACHIEVEMENT AND PERFORMANCE
Review of the Year
2023 has been an exciting year, with projects launching, ministries growing and new staff joining the team. In October there was a 5th Birthday Party marking 5 years since the team from HTB planted into Saint Mary’s, offering an opportunity to reflect on the last few years and celebrate what has grown in that time.
CHURCH PLANTING
A significant part of that growth has been church planting and in June 2023 Curate Tom Boulter, his wife Jenni and their family moved into Lords Hill. Over the summer they held BBQs in their back garden, meeting with the local community and building relationships. In September, Tom held his first service in the building with over 130 people attending. Since then the team has run Alpha, started Kids Groups on a Sunday and continued to grow.
In October 2023 the Church Commissioners decided to approve the pastoral scheme for the parish of St Barnabas and the parish of St Mary to become one new parish of St Mary. On November 13th a Special Parochial Church Meeting was held and a new PCC elected for the responsibility of both churches.
From November 13th until December 31st the existing congregation of St Barnabas continued to worship in the building, and it was agreed that no work would be done in the building to interrupt this. A few site visits were arranged which was the first opportunity for Rector Jon Finch and the Ops team to see inside the building (this had not been possible prior to the pastoral scheme being agreed). These visits revealed significant work needed to repair the leaking roof in addition to the essential updating the building required. The gas supply had also been disconnected and the temperature inside the building was below zero degrees.
Since the beginning of the year, the gas has been reconnected, and the church offices have moved from 135 St Mary street into the ancillary rooms at St Barnabas. 135 St Mary street has been returned to the Diocese for sale.
SUNDAYS & WORSHIP
Sunday services have grown, with additional seating required at the 9.15 Communion, and especially at the 10.30am service, which has more than 60 children attending each week. The church is almost at capacity and additional seating has been placed in the choir stalls to accommodate. The 6pm service saw some drop off at the beginning of the year, but since the Collective launched in September, the service has grown significantly, now reaching nearly 180 people each week.
The first 24hr prayer rooms were launched in lent and the week leading up to the 5yr celebration, with an encouraging response from the congregation. The monthly Tuesday morning prayer continues to meet as a committed group, dedicating this time to praying for the church, our community and the city.
Christmas services had a different format this year. Two Carols by Candlelight services were aimed at our congregation, and Live at Chapel road which was a missionally focussed Christmas gig with a range of artists performing. This was followed by a large Family Service performed by and for the children of the church.
Saints Music has continued to meet for writing days and a retreat in 2023, culminating in the release of a recording of ‘My Hope’ as well as various songs sung on Sundays.
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THE PCC OF THE ECC PAR SOTON CITY CENTRE
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
ACHIEVEMENT AND PERFORMANCE
ALPHA & ADDITIONAL COURSES (marriage, pre-marriage, bereavement, CAP) Marriage and pre-marriage courses ran in February, as well as the Bereavement course. Alpha has run each term, including daytime Alpha in the summer term, which was an opportunity for parents and caregivers to be able to attend. In the September term, the Way of Leadership course ran to develop leaders within our community to grow in their discipleship and calling.
PRISON MINISTRY
Led by Ordinand Emily Stewart, the prison ministry team has expanded. Following a Prison Alpha training day in January, prison Alpha was launched in Winchester prison, and has been running for three terms with the support of the chaplaincy team. In addition to those entering the prison, a large group of volunteers responds in prayer to email updates, and there are plans to support prison leavers within the church community.
SAINTS IN THE CITY
Saints in the City has had a busy year, with 3 community banquets cooked by and for members of the Meeting Place. The Meeting Place is going well, with the social prescribers, community chaplain, Southampton Mind and Saints Foundation regularly offering additional support for the members.
In May the Saints in the City Day engaged over 100 volunteers in projects across the city such as gardening, litter picking and DIY. While this was happening the church grounds opened up to local residents for a Family Fun Day. The day finished with a community meal together in the church with over 200 people in attendance.
In September The Path mentoring training started, with the programme launching in Jan 2024. This will support individuals from the Meeting Place to develop their social skills and grow in confidence.
Love Christmas was a huge success, delivering parcels to more than 1400 households across Southampton. Over £30,000 was raised towards the project this year.
SAINTS KIDS
Sundays have been busy for the kids team with 60 children attending most Sundays. Saints Mum’s group, run by volunteers, has been meeting regularly throughout the year providing community for parents and caregivers.
There have been various school visits and assemblies, both at St Mary’s and Hope schools, to continue building relationships and supporting their work. This includes the Friendship Club, run in partnership with Communicare, which fosters intergenerational friendships.
The October holiday club ran again this year, providing a fun environment for 40 children during half term.
SAINTS YOUTH
Saints Cafe continues to run weekly, working closely with City College and providing a safe place for young people on Tuesday afternoons. At Christmas they held a Christmas party and volunteers and members sat and ate together.
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THE PCC OF THE ECC PAR SOTON CITY CENTRE
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
ACHIEVEMENT AND PERFORMANCE
Additional volunteers have enabled the team to offer both Younger and Older youth sessions on Sundays which has seen attendance numbers more than double. Work is currently ongoing to support children graduating from Saints Kids into Youth, and the older youth graduating into the Collective sessions.
SAINTS COLLECTIVE (students and young adults)
After Emma Wiseman left the role as Student lead in December, the student ministry was held by the student leaders and supported by the staff team. During this time the students did a great job, running retreat days, a study space, and a student graduation.
Over the summer Sam Gristwood (ordinand) took on the role and reshaped what was formerly the student ministry into Saints Collective for both students and young adults. The ministry grew, and culminated at the Collective Weekend Away in October with over 100 people spending ministry time together on the Isle of Wight.
BAPTISMS
There were 17 baptisms across the year, 9 adults and 8 infants. In the summer baptisms were held at Lepe Beach followed by a BBQ for over 150 people.
FOCUS
In July over 200 people headed to Newark to take part in Focus. This was a great time to connect with the wider HTB network and spend time together as a community.
FINANCIAL REVIEW
Financial position
Saint Mary’s continues to operate, for the time being, under the charity name The Parochial Church
Council of the Ecclesiastical Parish of Southampton City Centre and this has assisted in making gift
aid claims under the pre-existing accounts.
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THE PCC OF THE ECC PAR SOTON CITY CENTRE
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
FINANCIAL REVIEW
Principal funding sources
Grants
Saint Mary’s received five grants to support the churchs work and three grants to support Love Christmas.
Giving
In 2023 the planned giving was £384k (excluding gift aid). This includes some one-off giving. Cash collections amounted to just over £900.
Income
The overall income in 2023 was £627,111 with expenditure of £624,750. Some of the grant funding this year is restricted to the Love Your Neighbour projects, Bridge the Gap, Saints in the City and Lodge Road St Barnabas.
Staffing
Clergy
In June 2023 Tom Boulter moved to Lords Hill for the remainder of his curacy. He will be curate in charge at Lords Hill Church. Abielle Inegbenebho and Emily Stewart completed their first year of ordinand training and in September 2023, Sam Gristwood started his first year or training.
Amy Gough joined the team as a training Youth Pastor, also studying at St Mellitus on Mondays. In June Emily Burke joined as a part-time SITC coordinator and Edgar Lushaju joined as a part-time Social Media and Design Coordinator.
In September we were joined by three new apprentices for the next academic year.
Lucy Rae (Youth Lead) left the team in February after four years and Abielle stepped into the role of Youth Lead.
Jonny Goodchild left in the year to take up a chaplaincy post.
Investment policy and objectives
The PCC holds those funds which are not in the NatWest current account with the Central Board of
Finance of the Church of England (CBF). There are some long-term investments held in the form of
CBF share investment accounts.
Other investments and deposits as we continue to hold relate solely to restricted funds, including specific deposit accounts.
We have one endowment fund whose income is restricted to supporting repairs at Saint Mary’s. Permission has been obtained from the Charity Commission to use the capital, which is currently just over £15,600. This Diocese will access this Fund to fund some of the building works completed in 2018.
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THE PCC OF THE ECC PAR SOTON CITY CENTRE
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
FINANCIAL REVIEW
Reserves policy and Going Concern
It is the PCC's policy to maintain unrestricted and designated funds at a level that will enable the PCC to cover its ongoing direct charitable expenditure and its management and administration costs. This should be at least three months' running costs. In 2023, the average monthly expenditure was £33,000; thus, the reserves should be at least £99,000. The trustees are of the view that the PCC is a going concern.
FUTURE PLANS
2024 started with the office move into St Barnabas. After several weeks of hard work by the staff team, and a work day with volunteers, the St Barnabas was largely cleared of any unusable items and any remaining furniture was stored within the body of the church. This enabled the interior redecoration of the ancillary rooms in preparation for the office move. Unfortunately the challenges in getting the heating working delayed the staff being able to work from the space, but this eventually happened in mid Feb. Unfortunately the condition of the building has meant that initial plans to start services and other activities in the building have been delayed.
Plans have already started for the restoration and refurbishment of the building, but before that happens, urgent work needs to be completed on the roof throughout the building to ensure it is watertight and prevent any further damage. The team are currently liaising with the inspecting architect and the DAC to begin to progress this.
The scope of work needed to be completed is much larger than originally anticipated so a small fundraising group has been formed to work on raising the majority of the funds needed.
LORDS HILL
Tom Boulter has recruited a Kids, Families and Community Lead, and may recruit an additional role later in the year with the SDF funding. The Saint Mary’s team continues to support the operational running of the church.
STAFFING
Katy Partridge has been appointed as Associate Vicar and she will join in early June. This will be a big asset to the clergy team. In Feb, Ruth Hofmeyr left her role as Kid’s Lead and Emily Lury was recruited as Kids, Families and Community Lead. The intention is to recruit a further role to support the Ops team later in the year.
MINISTRIES
The Collective ministry (students and young adults) is expected to grow this year, anticipating the move to the Lodge Road site. The Collective weekender will happen in October. Saints Kids and Youth are working closely together as the older kids graduate to join the younger youth groups. As both ministries develop a wider outlook into the community, they will work alongside the Saints in the City team reaching out to schools, higher education facilities, and community groups.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
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THE PCC OF THE ECC PAR SOTON CITY CENTRE
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
The Parochial Church Council of the Ecclesiastical Parish of Southampton City Centre (the PCC) is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure.
The Parochial Church Council of the Ecclesiastical Parish of Southampton City Centre is a registered charity number 1126950.
Recruitment and appointment of new trustees
Members of the PCC are either ex-officio or elected at the Annual Parochial Church Meeting (APCM)
in accordance with the Church Representation Rules. Elected members serve for three years and approximately one third are elected each year, ensuring an appropriate element of continuity.
Organisational structure
The PCC of the Ecclesiastical Parish of Southampton City Centre has the responsibility of co operating with the Team Ministry in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It also has maintenance responsibilities for Saint Mary’s and the Parish Office (135 St Mary Street). The PCC has one sub-committees: a Standing Committee as required by law, with powers to transact business between PCC meetings, subject to the direction of the PCC.
Induction and training of new trustees
New members are briefed by existing members as appropriate and from time to time the PCC holds an away day to review its work and discuss future plans.
Risk management
The PCC was registered as a charity on 26 November 2008. As such no work on risk management has been undertaken. However, the major risks to which the charity is exposed will be identified by the trustees and will be reviewed and systems or procedures established to manage those risks.
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
Dr Nicholas Fuggle
.......................................................... N Fuggle - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PCC OF THE ECC PAR SOTON CITY CENTRE
Independent examiner's report to the trustees of The PCC of the Ecc Par Soton City Centre I report to the charity trustees on my examination of the accounts of The PCC of the Ecc Par Soton City Centre (the Trust) for the year ended 31 December 2023.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form 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 of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
The following area of weakness was identified:-
- Services rendered by any trustee must be approved by the PCC board prior to taking place.
Maven Accountants Limited
The Institute of Chartered Accountants in England and Wales
Maven Accountants Limited PO Box 1882 Southampton Hampshire SO15 9JZ
Date: .............................................
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THE PCC OF THE ECC PAR SOTON CITY CENTRE
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 504,259 Charitable activities 5 Fees for Weddings & Funerals 6,505 Church Activities 15,855 Other trading activities 3 2,002 Investment income 4 20,216 Total 548,837 EXPENDITURE ON Charitable activities 6 Fees for Weddings & Funerals 3,784 Church Activities 511,360 Total 515,144 Net gains/(losses) on investments - NET INCOME/(EXPENDITURE) 33,693 RECONCILIATION OF FUNDS Total funds brought forward 121,541 TOTAL FUNDS CARRIED FORWARD 155,234 |
Restricted funds £ 78,915 - - - - 78,915 - 109,606 109,606 43 (30,648) 74,393 43,745 |
Endowment fund £ - - - - (641) (641) - - - 2,028 1,387 22,196 23,583 |
31.12.23 Total funds £ 583,174 6,505 15,855 2,002 19,575 627,111 3,784 620,966 624,750 2,071 4,432 218,130 222,562 |
31.12.22 Total funds £ 481,598 8,335 14,864 13,534 1,875 520,206 - 544,954 544,954 (2,936) (27,684) 245,814 218,130 |
|---|---|---|---|---|
The notes form part of these financial statements
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THE PCC OF THE ECC PAR SOTON CITY CENTRE
STATEMENT OF FINANCIAL POSITION 31 DECEMBER 2023
| Unrestricted funds Notes £ FIXED ASSETS Tangible assets 11 138,993 Investments 12 - 138,993 CURRENT ASSETS Debtors: amounts falling due within one year 13 25,647 Prepayments and accrued income - Cash at bank 110,782 136,429 CREDITORS Amounts falling due within one year 14 (120,188) NET CURRENT ASSETS 16,241 TOTAL ASSETS LESS CURRENT LIABILITIES 155,234 CREDITORS Amounts falling due after more than one year 15 - NET ASSETS 155,234 |
Restricted funds £ 4,797 497 5,294 - - 38,451 38,451 - 38,451 43,745 - 43,745 |
Endowment fund £ - 23,583 23,583 - - - - - - 23,583 - 23,583 |
31.12.23 Total funds £ 143,790 24,080 167,870 25,647 - 149,233 174,880 (120,188) 54,692 222,562 - 222,562 |
31.12.22 Total funds £ 168,103 22,010 190,113 32,646 2,180 161,216 196,042 (67,771) 128,271 318,384 (100,254) 218,130 |
|---|---|---|---|---|
The notes form part of these financial statements
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THE PCC OF THE ECC PAR SOTON CITY CENTRE
STATEMENT OF FINANCIAL POSITION - continued 31 DECEMBER 2023
| FUNDS 17 Unrestricted funds Restricted funds Endowment funds TOTAL FUNDS |
155,234 43,745 23,583 222,562 |
121,541 74,393 22,196 218,130 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
Dr Nicholas Fuggle
............................................. N Fuggle - Trustee
Ms Catherine Delve ............................................. C E Delve - Trustee
The notes form part of these financial statements
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THE PCC OF THE ECC PAR SOTON CITY CENTRE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.
Financial reporting standard 102 - reduced disclosure exemptions
The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Moveable church furnishings - 10 years straight line
Other fixtures, fittings, office equipment & consumables - 4 years straight line
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
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THE PCC OF THE ECC PAR SOTON CITY CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
1. ACCOUNTING POLICIES - continued
Fund accounting
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. DONATIONS AND LEGACIES
| Donations Gift aid Grants Grants received, included in the above, are as follows: Lodge Road Staffing Grant Church Revitalisation Trust Other Grants 3. OTHER TRADING ACTIVITIES Sales of goods & services Other trading income 4. INVESTMENT INCOME Rents received Deposit account interest Curr asset inv income |
31.12.23 £ 425,488 56,875 100,811 583,174 31.12.23 £ 39,492 31,270 30,049 100,811 31.12.23 £ 657 1,345 2,002 31.12.23 £ 18,885 59 631 19,575 |
31.12.22 £ 319,920 57,370 104,308 481,598 31.12.22 £ 27,465 36,434 40,409 104,308 31.12.22 £ 2,889 10,645 13,534 31.12.22 £ 1,220 14 641 1,875 |
|---|---|---|
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THE PCC OF THE ECC PAR SOTON CITY CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
----- Start of picture text -----
|||||
|---|---|---|---|
|5.|INCOME FROM CHARITABLE ACTIVITIES|
|31.12.23|31.12.22|
|Activity|£|£|
|Fees for Weddings &|
|Funerals|Fees for Weddings & Funerals|6,505|8,335|
|Church Activities|Church Activities|15,855|14,864|
|22,360|23,199|
|6.|CHARITABLE ACTIVITIES COSTS|
|Support|
|Direct|costs (see|
|Costs|note 7)|Totals|
|£|£|£|
|-|
|Fees for Weddings & Funerals|3,784|3,784|
|Church Activities|617,846|3,120|620,966|
|621,630|3,120|624,750|
----- End of picture text -----
7. SUPPORT COSTS
----- Start of picture text -----
|||
|---|---|
|Governanc|
|costs|
|£|
|Church Activities|3,120|
----- End of picture text -----
8. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.
During the year the charity made the following transactions with trustees:
Catherine Delve
£1,195 (2022 : £441) of invoices were paid to Catherine in relation to invoices for TriMetrix reports for St Marys employees during the year.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.
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THE PCC OF THE ECC PAR SOTON CITY CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
9. STAFF COSTS
Staff costs during the year were:
Wages and Salaries £206,755 (2022 : £227,761).
No employee received emoluments of more than £60,000 during the year.
| 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted Endowment funds funds fund £ £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 393,635 87,963 - Charitable activities Fees for Weddings & Funerals 8,335 - - Church Activities 14,864 - - Other trading activities 13,534 - - Investment income 1,234 - 641 Total 431,602 87,963 641 EXPENDITURE ON Charitable activities Church Activities 424,913 120,041 - Net gains/(losses) on investments - (60) (2,876) NET INCOME/(EXPENDITURE) 6,689 (32,138) (2,235) Transfers between funds (32,140) 32,140 - Net movement in funds (25,451) 2 (2,235) RECONCILIATION OF FUNDS Total funds brought forward 146,992 74,391 24,431 TOTAL FUNDS CARRIED FORWARD 121,541 74,393 22,196 |
Total funds £ 481,598 8,335 14,864 13,534 1,875 520,206 544,954 (2,936) (27,684) - (27,684) 245,814 218,130 |
|---|---|
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THE PCC OF THE ECC PAR SOTON CITY CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
11. TANGIBLE FIXED ASSETS
| Fixtures and fittings £ COST At 1 January 2023 and 31 December 2023 227,139 DEPRECIATION At 1 January 2023 65,432 Charge for year 22,714 At 31 December 2023 88,146 NET BOOK VALUE At 31 December 2023 138,993 At 31 December 2022 161,707 12. FIXED ASSET INVESTMENTS Other There were no investment assets outside the UK. Investments (neither listed nor unlisted) were as follows: Other investments CBF Investment Funds |
Motor vehicles £ 7,995 1,599 1,599 3,198 4,797 6,396 31.12.23 £ 24,080 31.12.23 £ 24,080 |
Totals £ 235,134 67,031 24,313 91,344 143,790 168,103 31.12.22 £ 22,010 31.12.22 £ 22,010 |
|---|---|---|
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THE PCC OF THE ECC PAR SOTON CITY CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
| 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.23 £ Other debtors 25,647 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.23 £ Taxation and social security - Other creditors 120,188 120,188 15. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 31.12.23 £ Other creditors - 16. LOANS An analysis of the maturity of loans is given below: 31.12.23 £ Amounts falling due within one year on demand: Other loans 105,594 Amounts falling between one and two years: Other loans - 1-2 years - |
31.12.22 £ 32,646 31.12.22 £ 4,256 63,515 67,771 31.12.22 £ 100,254 31.12.22 £ 37,380 100,254 |
|---|---|
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THE PCC OF THE ECC PAR SOTON CITY CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
17. MOVEMENT IN FUNDS
| Unrestricted funds General fund Designated - Support Fund Designated - Facilities Apprentice Fund Designated - Diocesan Staff Fund Restricted funds Restricted - Bishops Ordination Fund Restricted - Love Christmas Fund Restricted - Bridge The Gap Restricted - Saints in the City Restricted - The Mary St John Restricted - Lodge Road Build Fund Endowment funds Endowment - The Russell Benecraft Legacy TOTAL FUNDS |
At 1.1.23 £ 114,148 3,476 2,080 1,837 121,541 278 8,126 1,359 38,225 455 25,950 74,393 22,196 218,130 |
Net movement in funds £ 35,297 476 (2,080) - 33,693 - 1,312 1,426 (33,428) 42 - (30,648) 1,387 4,432 |
At 31.12.23 £ 149,445 3,952 - 1,837 155,234 278 9,438 2,785 4,797 497 25,950 43,745 23,583 222,562 |
|---|---|---|---|
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THE PCC OF THE ECC PAR SOTON CITY CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
17. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Designated - Support Fund Designated - Facilities Apprentice Fund Restricted funds Restricted - Love Christmas Fund Restricted - Bridge The Gap Restricted - Lodge Road Staffing Fund Restricted - Saints in the City Restricted - The Mary St John Endowment funds Endowment - The Russell Benecraft Legacy TOTAL FUNDS |
Incoming resources £ 547,792 1,045 - 548,837 31,271 3,542 39,492 4,611 (1) 78,915 (641) 627,111 |
Resources expended £ (512,495) (569) (2,080) (515,144) (29,959) (2,116) (39,492) (38,039) - (109,606) - (624,750) |
Gains and losses £ - - - - - - - - 43 43 2,028 2,071 |
Movement in funds £ 35,297 476 (2,080) 33,693 1,312 1,426 - (33,428) 42 (30,648) 1,387 4,432 |
|---|---|---|---|---|
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THE PCC OF THE ECC PAR SOTON CITY CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
17. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund Designated - Support Fund Designated - Facilities Apprentice Fund Designated - Diocesan Staff Fund Designated - Flourish Fund Restricted funds Restricted - Bishops Ordination Fund Restricted - Love Christmas Fund Restricted - Bridge The Gap Restricted - Lodge Road Staffing Fund Restricted - Saints in the City Restricted - The Mary St John Restricted - Lodge Road Build Fund Restricted - Alpha Fund Endowment funds Endowment - The Russell Benecraft Legacy TOTAL FUNDS |
At 1.1.22 £ 129,004 - 14,273 1,837 1,878 146,992 278 1,010 1,606 6,883 35,800 515 25,950 2,349 74,391 24,431 245,814 |
Net movement in funds £ 17,284 3,476 (12,193) - (1,878) 6,689 - 7,116 (247) (39,023) 2,425 (60) - (2,349) (32,138) (2,235) (27,684) |
Transfers between funds £ (32,140) - - - - (32,140) - - - 32,140 - - - - 32,140 - - |
At 31.12.22 £ 114,148 3,476 2,080 1,837 - 121,541 278 8,126 1,359 - 38,225 455 25,950 - 74,393 22,196 218,130 |
|---|---|---|---|---|
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THE PCC OF THE ECC PAR SOTON CITY CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
17. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Designated - Support Fund Designated - Facilities Apprentice Fund Designated - Flourish Fund Restricted funds Restricted - Love Christmas Fund Restricted - Bridge The Gap Restricted - Lodge Road Staffing Fund Restricted - Saints in the City Restricted - The Mary St John Restricted - Alpha Fund Endowment funds Endowment - The Russell Benecraft Legacy TOTAL FUNDS |
Incoming resources £ 428,040 3,562 - - 431,602 22,912 2,160 27,465 35,426 - - 87,963 641 520,206 |
Resources expended £ (410,756) (86) (12,193) (1,878) (424,913) (15,796) (2,407) (66,488) (33,001) - (2,349) (120,041) - (544,954) |
Gains and losses £ - - - - - - - - - (60) - (60) (2,876) (2,936) |
Movement in funds £ 17,284 3,476 (12,193) (1,878) 6,689 7,116 (247) (39,023) 2,425 (60) (2,349) (32,138) (2,235) (27,684) |
|---|---|---|---|---|
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THE PCC OF THE ECC PAR SOTON CITY CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
17. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Designated - Support Fund Designated - Facilities Apprentice Fund Designated - Diocesan Staff Fund Designated - Flourish Fund Restricted funds Restricted - Bishops Ordination Fund Restricted - Love Christmas Fund Restricted - Bridge The Gap Restricted - Lodge Road Staffing Fund Restricted - Saints in the City Restricted - The Mary St John Restricted - Lodge Road Build Fund Restricted - Alpha Fund Endowment funds Endowment - The Russell Benecraft Legacy TOTAL FUNDS |
At 1.1.22 £ 129,004 - 14,273 1,837 1,878 146,992 278 1,010 1,606 6,883 35,800 515 25,950 2,349 74,391 24,431 245,814 |
Net movement in funds £ 52,581 3,952 (14,273) - (1,878) 40,382 - 8,428 1,179 (39,023) (31,003) (18) - (2,349) (62,786) (848) (23,252) |
Transfers between funds £ (32,140) - - - - (32,140) - - - 32,140 - - - - 32,140 - - |
At 31.12.23 £ 149,445 3,952 - 1,837 - 155,234 278 9,438 2,785 - 4,797 497 25,950 - 43,745 23,583 222,562 |
|---|---|---|---|---|
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THE PCC OF THE ECC PAR SOTON CITY CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
17. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming Resources resources expended £ £ Unrestricted funds General fund 975,832 (923,251) Designated - Support Fund 4,607 (655) Designated - Facilities Apprentice Fund - (14,273) Designated - Flourish Fund - (1,878) 980,439 (940,057) Restricted funds Restricted - Love Christmas Fund 54,183 (45,755) Restricted - Bridge The Gap 5,702 (4,523) Restricted - Lodge Road Staffing Fund 66,957 (105,980) Restricted - Saints in the City 40,037 (71,040) Restricted - The Mary St John (1) - Restricted - Alpha Fund - (2,349) 166,878 (229,647) Endowment funds Endowment - The Russell Benecraft Legacy - - TOTAL FUNDS 1,147,317 (1,169,704) |
Gains and losses £ - - - - - - - - - (17) - (17) (848) (865) |
Movement in funds £ 52,581 3,952 (14,273) (1,878) 40,382 8,428 1,179 (39,023) (31,003) (18) (2,349) (62,786) (848) (23,252) |
|---|---|---|
18. EMPLOYEE BENEFIT OBLIGATIONS
The Charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £4,032 (2022 : £4,284).
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THE PCC OF THE ECC PAR SOTON CITY CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
19. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2023.
20. NATURE & PURPOSE OF EACH FUND
The specific purposes for which the funds are to be applied are as follows:
Designated funds:
Diocesan staff fund: A fund to assist with staff salaries
Fusion student worker fund: A fund to enable the PCC to use student workers Flourish project: A fund set aside for a wellbeing project, working with at-risk women Facilities apprentice fund: A fund to facilitate the cost of an apprentice
Support fund: A fund to support people who approach the church for financial support
Restricted funds:
The Mary St John fund is a small fund for maintenance at St Mary's Church Bishops Ordination Fund is a diocesan fund to assist ordinands in training
Bridge The Gap is a fund that creates football communities that connect young adults with a view to developing friendships, leaders and transforming lives
Love Your Neighbour (including Saints in the City) is a fund to enable our social action projects. This includes the foodbank, Care for Carer packages, Christmas food parcels and ReWork, as well as future projects such as Marketplace and CAP
Alpha fund is a fund for the city-wide advertising campaign to promote Alpha
Love Christmas fund is to run a city-wide project at Christmas, delivering gifts to those in need
Lodge Road - build fund is funding received via the Diocese for staffing to develop Lodge Road
Lodge Road - staff fund is funding received via the Diocese for staffing to develop the Lodge Road community
Endowment fund:
The Russell Benecraft Legacy, with a modest capital. The income from this fund is specified as being for repairs and maintenance at St Mary's church.
Page 26
THE PCC OF THE ECC PAR SOTON CITY CENTRE
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES | ||
|---|---|---|
| FOR THE YEAR ENDED 31 DECEMBER 2023 | ||
| 31.12.23 | 31.12.22 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 425,488 | 319,920 |
| Gift aid | 56,875 | 57,370 |
| Grants | 100,811 | 104,308 |
| Other trading activities | 583,174 | 481,598 |
| Sales of goods & services | 657 | 2,889 |
| Other trading income | 1,345 | 10,645 |
| Investment income | 2,002 | 13,534 |
| Rents received | 18,885 | 1,220 |
| Deposit account interest | 59 | 14 |
| Curr asset inv income | 631 | 641 |
| Charitable activities | 19,575 | 1,875 |
| Fees for Weddings & Funerals | 6,505 | 8,335 |
| Church Activities | 15,855 | 14,864 |
| 22,360 | 23,199 | |
| Total incoming resources | 627,111 | 520,206 |
| EXPENDITURE | ||
| Charitable activities | ||
| Wages | 206,755 | 227,761 |
| Church Activities | 390,562 | 292,280 |
| Fixtures and fittings | 22,714 | 22,714 |
| Motor vehicles | 1,599 | 1,599 |
| 621,630 | 544,354 | |
| Support costs | ||
| Governance costs | ||
| Independent Examination Fee | 3,120 | 600 |
This page does not form part of the statutory financial statements
Page 27
| THE PCC OF THE ECC PAR SOTON CITY CENTRE | ||
|---|---|---|
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES | ||
| FOR THE YEAR ENDED 31 DECEMBER 2023 | ||
| 31.12.23 | 31.12.22 | |
| £ | £ | |
| Total resources expended | 624,750 | 544,954 |
| Net income/(expenditure) before | ||
| gains and losses | 2,361 | (24,748) |
| Realised recognised gains and losses | ||
| Realised gains/(losses) on fixed asset | ||
| investments | 2,071 | (2,936) |
| Net income/(expenditure) | 4,432 | (27,684) |
This page does not form part of the statutory financial statements
Page 28