**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 Page 1 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 Page 2 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. Page 3 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. Page 4 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. Page 5 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. Page 6 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. Page 7 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. Page 8 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 Page 9 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: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. 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: ............................................. Page 10 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 Page 11 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 Page 12 continued... 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 Page 13 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. Page 14 continued... 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| |---|---|---| Page 15 continued... 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. Page 16 continued... 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| |---|---| Page 17 continued... 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| |---|---|---| Page 18 continued... 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| |---|---| Page 19 continued... ## 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| |---|---|---|---| Page 20 continued... 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| |---|---|---|---|---| Page 21 continued... 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| |---|---|---|---|---| Page 22 continued... 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)| |---|---|---|---|---| Page 23 continued... 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| |---|---|---|---|---| Page 24 continued... 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). Page 25 continued... 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