## Parochial Church Council of the Ecclesiastical Parish of Crewkerne
Report and Accounts Year ended 31 December 2023
1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk
## **PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CREWKERNE**
## **CHARITY INFORMATION**
## **FOR THE YEAR ENDED 31 DECEMBER 2023**
**Members of the Parochial Church Council** Rev CJ Davis _Incumbent and chair_ Mrs C Newman _Church Warden (until May 2023)_ Mrs P Smith _Church Warden_ Mr K Province _Church Warden (appointed May 2023)_ Mr G Harrison _PCC Secretary_ Rev D Newman Miss D Brown Miss A Caddy Mrs A Cossins Mrs J Cox _until May 2023 - did not seek re-election_ Mrs V Curtis The Very Rev R Key Ms C Duncan-Smith Mr J Jevons **Charity Registration Number** 1127639 **Charity Name** St Bartholomews, Crewkerne **Principal Address** St Bartholomew's Church Abbey Street Crewkerne TA18 7HY **Independent Examiner** Sarah Crispin ACA Stewardship 1 Lamb's Passage London EC1Y 8AB **Bankers** Natwest Bank 26-27 Fore Street Taunton Somerset TA1 1JU
|**Contents**|**Page**|
|---|---|
|Charity Information|1|
|Annual Report of the Members of the Parochial Church Council|2-4|
|Independent Examiner's Report|5|
|Statement of Financial Activities|6|
|Balance Sheet|7|
|Notes to the Accounts|8-15|
|Detailed Statement of Financial Activities with Comparatives|16|
Page 1
## **PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CREWKERNE ANNUAL REPORT OF THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL**
## **FOR THE YEAR ENDED 31 DECEMBER 2023**
The Members of the Parochial Church Council (the 'PCC'), who are the charity's trustees for the purposes of charity law, have pleasure in presenting their report together with the financial statements for the year.
## **Objects of the charity**
The charity is responsible for co-operating with the Incumbent, in promoting in the ecclesiastical parish, the whole mission of the Church be it pastoral, evangelistic, social or ecumenical. The PCC is also responsible for maintaining certain church property, namely St Bartholomew's Parish Church and Church Hall, Crewkerne and the Church of the Good Shepherd, Hewish,Somerset.
## **Summary of the charity's main activities and achievements**
To further the above objects and vision, the charity's main activities and achievements were as follows:
Our service pattern was reviewed and developed in 2023 to make our services more "outsider friendly" bearing in mind the thousands of people in Crewkerne who do not go to any church on a Sunday, in relation to the small number who do. Live streaming continued to make it possible to view Sunday Services on YouTube.
Our monthly all age services continued on the fourth Sunday of each month – and Sunday club (for primary school age children) or the addition of "Energise" for children of secondary school age.
A special civic service was held for the Coronation and special services at Easter, remembrance Date and Christmas were well supported.
Midweek Bible studies And a monthly prayer meeting continued – with a move for the Bible studies, as well as the prayer meeting, to meet together either in the Church Hall or at the Rectory.
During 2023 we ran one course of "Christianity Explored" – a discussion group for those not yet convinced Christians, but investigating the Christian Faith.
Little Sunbeams, our Carers and Tots Group has continued to meet once a week during school term, in the Church Hall. "Coffee Pot" - a coffee morning to welcome people in and Mothers Union meet once a month also in the Church Hall.
Schools in the area have been welcomed to use the church for special events and services at which the Christian good news has been communicated and celebrated in a child/teenage friendly way. The Rector has done regular assemblies at the two church primary schools (St Bartholomew and Ashland's schools)and at our church secondary school – Wadham school.
Over the year, the PCC has welcomed a number of fundraising concerts and events held in and around the church by the "Friends of St Bart’s" a separate registered charity set up to support the repair and maintenance of the church buildings.
The church maintains a functioning website and the "Voice", a monthly parish magazine.
Page 2
## **PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CREWKERNE ANNUAL REPORT OF THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL**
## **FOR THE YEAR ENDED 31 DECEMBER 2023**
A great deal of work has gone into the administration of the church this year, seeking to deal with the backlog of administrative disorganisation and to begin to set up good administrative systems for the future – e.g. in relation to Safeguarding, Health & Safety, Finance etc. That work continues to be a priority.
In planning the activities the PCC have applied the guidance on public benefit issued by the Charity Commission.
## **Structure, Governance and Management**
The charity is registered with the Charity Commission and operates under the Charities Act 2011. The governing documents for the charity are the Parochial Church Councils (Powers) Measure 1956 (as amended) and the Church Representation Rules.
The appointment of PCC members is governed by, and set out in, the Church Representation Rules. The PCC comprises ex-officio members (which includes clergy and churchwardens), elected members and co-opted members. The PCC organise elections annually before the Annual Parochial Church Meeting (APCM) to fill vacancies.
Responsibility for setting policy and for making operating decisions rests with the PCC who meet regularly to agree the activities of the charity and monitor the financial performance. Responsibility for the day to day operation of the charity has been delegated to a Standing Committee led by the incumbent.
## **Financial review**
During the year income increased by £143,166, to £210,638 mainly due to the receipt of legacy income of £131,574, and expenditure increased by £18,699, to £106,526. There were gains on investments of £39,798 and the net result was a surplus of £143,910 which brought the charities total reserves to £601,394, or which £465,978 is unrestricted and can be used for any charitable purpose.
## **Reserves policy**
The PCC have determined that the charity should aim to hold unrestricted cash of no less than £15,000 (which equates to nearly 2 months' of unrestricted expenditure) so that the charity could continue to operate should income and / or expenditure vary adversely. At the year end, the charity held unrestricted cash of £114,045 and the charity is complying with its reserves policy.
## **Going concern**
There are no going concern uncertainties
## **Key risks and uncertainties**
The charity is exposed to various risks - be they operational, financial or reputational. The PCC review the charity's activities regularly to identify significant risks and, where possible, they take appropriate measures to mitigate those risks.
## **Other matters**
With regard to the PCC’s obligations to safeguard children and vulnerable adults, the members of the PCC confirm that they have complied with their duties under section 5 of the Safeguarding and Clergy Discipline Measure 2016.
Page 3
## **PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CREWKERNE ANNUAL REPORT OF THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2023**
The Diocese have assessed the PCC’s Parish Share to be £46,914.84 for the year to 31 December 2023; having reviewed the PCC’s finances, the members of the PCC have paid this assessment in full.
The last quinquennial inspection was held in 2020; Having revisited its findings, the members of the PCC have determined that some immediate external work is now required; this is expected to cost up to £8,000. Repairs to the wooden floor of the Woolminstone Chapel was subject to various delays but is planned for completion during 2024. In addition to this the PCC are committed to address the most urgent issues highlighted in the Report.
## **Statement of Responsibilities of the Members of the Parochial Church Council**
The PCC is responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Charity law requires the PCC to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity as at the balance sheet date and of its incoming resources and application of resources for the financial year. In preparing these financial statements, the PCC are required to:
1. select suitable accounting policies and apply them consistently;
2. observe the methods and principles in the Charities SORP;
3. make judgements and estimates that are reasonable and prudent;
4. state whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
5. prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The PCC is responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Approval**
This report was approved by the PCC and signed on their behalf by:
Christopher Davis Christopher Davis (May 14, 2024 12:13 GMT+1) _____________________________________ Rev CJ Davis
May 14, 2024 Date: _________________________
Page 4
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL OF**
## **PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CREWKERNE ('the Charity')**
I report to the members of the PCC (who are also the charity's trustees) on my examination of the accounts of the Charity for the year ended 31 December 2023 on pages 6 to 16 following, which have been prepared on the basis of the accounting policies set out on pages 8 and 9.
## **Responsibilities and basis of report**
As members of the PCC 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 Charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Charity 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.
## Sarah Crispin
Sarah Crispin (May 15, 2024 11:37 GMT+1)
Sarah Crispin ACA Stewardship 1 Lamb's Passage London EC1Y 8AB
May 15, 2024
Page 5
## **PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CREWKERNE**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **FOR THE YEAR ENDED 31 DECEMBER 2023**
|Note
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
6
**Total income and endowments**
**EXPENDITURE ON:**
Charitable activities
7
**Total expenditure**
**Net gains/(losses) on investments**
**Net income/(expenditure)**
**Transfers between funds**
14
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
14|Unrestricted
Funds
£
173,404
7,767
2,014
10,604
193,789
106,262
106,262
31,477
119,004
-
119,004
347,058
466,062|Restricted
Funds
£
10,375
-
-
2,298
12,673
-
-
6,886
19,559
64
19,623
79,440
99,063|Endowment
Funds
£
3,074
-
-
837
3,911
-
-
1,436
5,347
(64)
5,283
30,986
36,269|Total
Funds
2023
£
186,853
7,767
2,014
13,739
210,374
106,262
106,262
39,798
143,910
-
143,910
457,484
601,394|Total
Funds
2022
£
45,051
5,572
3,992
12,857|
|---|---|---|---|---|---|
||||||67,472|
||||||87,828|
||||||87,828|
||||||(56,995)|
||||||(77,351)
-|
||||||(77,351)
534,835|
||||||457,484|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing operations.
The notes on pages 8-15 form part of these accounts.
Page 6
## **PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CREWKERNE**
## **BALANCE SHEET**
## **AS AT 31 DECEMBER 2023**
|Note
**FIXED ASSETS**
Tangible assets
9
Investments
10
**CURRENT ASSETS**
Debtors
11
Cash at bank and in hand
12
**CREDITORS: Amounts falling**
**due within one year**
13
**Net current assets / (liabilities)**
**Total assets less current liabilities**
**TOTAL NET ASSETS**
**FUND BALANCES**
14
Unrestricted Funds
General funds
Designated funds
Restricted Funds
Endowment Funds|Unrestricted
Funds
£
-
338,831
338,831
13,570
124,129
137,699
(10,468)
127,231
466,062
466,062
439,558
26,504
466,062
-
-
466,062|Restricted
Funds
£
-
96,835
96,835
10,000
(7,772)
2,228
-
2,228
99,063
99,063
-
-
-
99,063
-
99,063|Endowment
Funds
£
-
16,802
16,802
-
19,468
19,468
-
19,468
36,269
36,269
-
-
-
-
36,269
36,269|Total
Funds
2023
£
-
452,467
452,467
23,570
135,824
159,394
(10,468)
148,927
601,394
601,394
439,558
26,504
466,062
99,063
36,269
601,394|Total
Funds
2022
£
2,527
424,595|
|---|---|---|---|---|---|
||||||427,122|
||||||5,188
45,423|
||||||50,611
(20,249)|
||||||30,362|
|||||||
||||||457,484|
||||||457,484|
||||||326,988
20,070|
||||||347,058
79,440
30,986|
||||||457,484|
The financial statements were approved by the members of the PCC and were signed on its behalf by:
Christopher Davis (May 14, 2024 12:13 GMT+1)Christopher Davis --------------------------------------Rev CJ Davis Date: __________ May 14, 2024
Charity number: 1127639
The notes on pages 8-15 form part of these accounts.
Page 7
## **PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CREWKERNE**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2023**
## **1 Statutory Information**
The Parochial Church Council of the Ecclesiastical Parish of Crewkerne is a charity registered with the Charity Commission in England & Wales. The charity's registered number and principal address can be found on the Charity Information page.
## **2 Accounting Policies**
These financial statements are prepared on a going concern basis, under the historical cost convention as modified by the revaluation of certain assets, which are measured at fair value through the Statement of Financial Activities. The financial statements include all activities for which the PCC is legally responsible; the activities of informal gatherings of church members and groups that owe their main affiliation to another body and are excluded.
These financial statements have been prepared in accordance with The Church Accounting Regulations 2006, the 'Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)' ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102") and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.
The Charities (Accounts and Reports) Regulations 2008 (the '2008 Regulations') requires charities to prepare their accounts in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005' but this accounting standard has since been withdrawn and has been replaced by the Charities SORP mentioned in the preceding paragraph. The charity has prepared these financial statements in accordance with the new Charities SORP; this departure from the 2008 Regulations is believed to be necessary for these financial statements to give a 'true and fair view'.
The principles adopted in the preparation of the financial statements are set out below.
## a) Going concern
The PCC have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The PCC have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the PCC have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The PCC have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.
## b) Income
Income (which includes planned giving, collections and other donations) is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part income is generally recognised when it is received by, or on behalf of, the PCC. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.
Income from donations and legacies includes:
- i) Recoverable gift aid. This is recognised when the related donation is received. Gift aid that has not been recovered by the balance sheet date is included as a debtor.
- ii) Legacies. Income from legacies is recognised when a distribution is received from the estate or, if earlier, when the charity has been notified that a distribution will be made and the amount receivable can be measured reliably.
- The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.
Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects. It includes income from church events and PCC fees for weddings and funerals.
Income from other trading activities represents income receivable from activities undertaken to generate funds for the charity. It includes income from the sale of the parish magazine.
Investment income represents income generated by the charity's assets and includes income from dividends and bank interest.
c) Expenditure Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.
Contributions in respect of the diocesan parish share are included in the Statement of Financial Activities for all amounts agreed to being payable for the financial year. Any contributions that have not been paid over by the year end are included as a creditor.
The cost of raising funds is not significant and has not been separately disclosed.
Page 8
## **PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CREWKERNE**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2023**
## **2 Accounting Policies (cont.)**
Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.
## d) Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the PCC in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the PCC for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects. Endowment funds are donations that are retained as capital in accordance with the donor's wishes. The nature of the restriction determines whether the endowments represent permanent endowments or expendable endowments.
## e) Tangible fixed assets
Consecrated and beneficed property is not included in these financial statements by virtue of s.10(2) of the Charities Act 2011. All expenditure on consecrated or beneficed buildings is written off in the year in which it is incurred.
Movable church furnishings held by the incumbent and Churchwardens on special trust for the PCC and which require a faculty for disposal are capitalised in accordance with the policy set out below. These items are regarded as inalienable property and are listed in the church's inventory which can be inspected at any reasonable time. Inalienable property acquired prior to 2000 has not been capitalised as there is insufficient cost information available.
The church halls and certain clergy accommodation are held in trust by the Diocese on behalf of the PCC. These properties are essential for the mission of the church and have been in use for many years but they have not been included in these financial statements as there is insufficient cost information and their depreciated cost is unlikely to be material.
Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £1,000 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged:
Freehold land Is not depreciated (because it is not consumed by use) Freehold buildings Over 50 years after taking account of the building's residual value Leasehold improvements Over the lease term or, if shorter, expected useful life Equipment Over 3 to 7 years
The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.
## f) Investments
Fixed asset investments are held to generate income and / or for their investment potential. Investments are valued as follows: i) Investment property and listed investments are valued at their market value (fair value) at the balance sheet date.
Gains and losses on investment assets are included in the Statement of Financial Activities under the heading 'Net gains / (losses) on investments'.
## g) Taxation
The charity has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.
## h) Financial instruments
The charity's financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Except for loans, creditors and debtors are measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive). The charity recognises liabilities for the principal of those loans that remains outstanding at the year end (i.e. the liabilities exclude any interest chargeable on the loans in future years).
## i) Exemption from preparing a cashflow statement
The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.
## j) Critical accounting estimates and areas of judgement The members of the PCC do not consider that there are any material sources of estimation or uncertainty at the balance sheet date that could result in a material adjustment to the carrying values of assets and liabilities in the next reporting period.
Page 9
## **PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CREWKERNE**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2023**
## **3 Donations**
|Planned giving
Other donations
Church collections
Legacies receivable
Income tax recoverable
**4**
**Income from charitable activities**
Social events and coffee sales
Book sales
PCC fees
**5**
**Income from other trading activities**
Magazine income
**6**
**Investment income**
Dividends
Bank interest
**7**
**Charitable expenditure**
**a**
**Costs incurred directly on specific activities**
Ministry expenses:
Parish share
Ministry staff employment costs
Clergy expenses
Other ministry expenses
Cost of events
Parish magazine and bookstall
Property expenses:
Operational costs for church
Major repairs to church
Operational costs for church hall
**b**
**Costs incurred on support & administration**
Governance costs
Independent examiner's fee
Other
Administrative staff employment costs
Subscriptions and professional fees
Office costs
Depreciation of tangible fixed assets
Insurance
**Total expenditure**|2023
£
36,947
6,251
4,227
131,574
7,854
186,853
2023
£
1,389
230
6,148
7,767
2023
£
2,014
2,014
2023
£
12,477
1,262
13,739
2023
£
46,915
6,867
1,379
1,475
455
2,426
59,516
9,855
3,864
3,530
17,249
76,765
1,680
435
2,115
18,195
806
4,403
2,527
1,450
29,497
106,262|2022
£
26,429
3,344
4,496
3,000
7,782|
|---|---|---|
|||45,051|
|||2022
£
1,351
140
4,081|
|||5,572|
|||2022
£
3,992|
|||3,992|
|||2022
£
12,723
134|
|||12,857|
|||2022
£
46,012
6,604
1,429
1,553
391
2,381|
|||58,370
8,197
2,238
3,469|
|||13,904|
|||72,274|
|||1,020
504|
|||1,524
4,217
288
1,576
2,527
5,422|
|||15,554|
|||87,828|
## **Total expenditure**
The fee payable to the independent examiner for examining the accounts was £1,680 (2022: £1,020); in addition the charity paid £484 (2022: £217) to Stewardship for payroll bureau.
Page 10
## **PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CREWKERNE**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2023**
## **8 Analysis of staff costs, the cost of key management personnel and trustee remuneration and expenses**
The average monthly number of employees during the year was 1 (2022:1). Most of the charity's activities are carried out by volunteers.
No staff received salaries at a rate of more than £60,000 per annum.
The charity's key management comprise the members of the PCC and the key staff named on the Charity Information page. Total employment benefits payable to key management for the year were as follows:
|Other
Employer
Wages &
employment
pension
salaries
benefits
contributions
Members of the PCC
Gordon Harrison
17,370
-
-
The following amounts were payable in the previous year:
Other
Employer
Wages &
employment
pension
salaries
benefits
contributions
Members of the PCC
Gordon Harrison
3,640|2023
£
17,370|
|---|---|
||17,370|
||2022
£
3,640|
||3,640|
Gordon Harrison served as church administrator from September and received the above payments for serving in that capacity, not for serving as a member of the PCC; these payments are permitted by the charity's governing document.
Rev CJ Davis (who is a clergy member of the PCC) received a stipend from the Diocese and so he is not an employee; some of the Parish Share paid to the Diocese is used to help meet the cost of these stipends. Rev CJ Davis was provided with accommodation (which is customary for clergy) and the charity reimbursed expenses to Rev CJ Davis; these costs are disclosed in note 7 'Charitable Expenditure' under the heading 'Clergy expenses'.
## **9 Tangible fixed assets**
|**Tangible fixed assets**|||
|---|---|---|
|Cost
At 1 January 2023
Additions
Disposals
At 31 December 2023
Accumulated depreciation
At 1 January 2023
Charge for the year
Eliminated on disposal
At 31 December 2023
Net book value
At 31 December 2023
At 31 December 2022|Fixtures,
fittings and
equipment
£
9,021
-
-
9,021
6,494
2,527
-
9,021
-
2,527|Total
2023
£
9,021
-
-|
|||9,021|
|||6,494
2,527
-|
|||9,021|
|||-|
|||2,527|
Page 11
## **PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CREWKERNE**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2023**
|**10**
**Fixed asset investments**
Fair value brought forward
Purchases during the year
Disposals during the year
Change in value of investments
Fair value carried forward|Tompsett
Investment
184,547
-
(15,000)
17,039
186,586|Lang
Endowment
15,366
-
-
1,436
16,802|Isaacs
Investment
224,682
-
-
21,323
246,005|HT Lunn
Investment
-
3,074
-
-
3,074|2023
£
424,595
3,074
(15,000)
39,798
452,467|2022
£
481,590
-
-
(56,995)|
|---|---|---|---|---|---|---|
|||||||424,595|
|**11**
**Debtors**
**Falling due within one year:**
Trade debtors
Tax recoverable
Other debtors
Prepayments and accrued income
**12**
**Cash at Bank and in Hand**
Cash at bank with immediate access
Notice deposits (with a term of three months or less)
Petty cash
**13**
**Creditors: liabilities falling due within one year**
Trade creditors
Accruals|2023
£
579
9,009
3,983
10,000
23,570
2023
£
122,731
12,729
364
135,824
2023
£
4,624
5,843
10,468|2022
£
(546)
2,664
1,025
2,045|
|---|---|---|
|||5,188|
|||2022
£
32,728
12,602
93|
|||45,423|
|||2022
£
7,210
13,039|
|||20,249|
Page 12
## **PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CREWKERNE**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2023**
## **14 Funds**
During the year the movements in the charity's funds were as follows:
|_Designated Funds_
Hewish Church
Rector's Discretionary Fund
_General Unrestricted Funds_
Total Unrestricted Funds
_Restricted Funds_
Clock
Mission
Music
Pew cushions
Roof
West Window and Fabric
Bells and bell tower
Other restricted donations
_Endowment Funds_
Permanent
E S Lang Fund
Sparks Fund
H T Lunn Fund
Aggregate of funds|Opening
balance
2023
£
19,390
680
20,070
326,988
347,058
9,460
1,791
7,390
1,433
52,786
4,580
2,000
-
79,440
15,826
15,160
-
30,986
457,484|Incoming
resources
2023
£
3,184
3,184
190,605
193,789
259
49
202
39
1,443
10,252
55
375
12,673
461
376
3,074
3,911
210,374|Outgoing
resources
2023
£
(750)
(750)
(105,512)
(106,262)
-
-
-
-
-
-
-
-
-
-
-
-
-
(106,262)|Transfers
in the year
2023
£
4,000
4,000
(4,000)
-
-
-
-
-
-
64
-
-
64
-
(64)
-
(64)
-|Gains and
losses
2023
£
-
31,477
31,477
820
155
641
124
4,575
397
173
-
6,886
1,436
-
-
1,436
39,798|Closing
balance
2023
£
25,824
680|
|---|---|---|---|---|---|---|
|||||||26,504
439,558|
|||||||466,062|
|||||||10,538
1,996
8,232
1,596
58,805
15,293
2,228
375|
|||||||99,063|
|||||||17,723
15,472
3,074|
|||||||36,269|
|||||||601,394|
The transfers referred to above were made for the following reasons:
- a) From General to Hewish to release accrual which does not reflect an expense commitment From Sparks Fund to the Fabric fund to transfer restricted income received in previous year and incorrectly posted to the
- b) Sparks Fund.
## **Analysis of net assets by fund**
The assets and liabilities of the various funds were as follows:
|Tangible fixed assets
Investments
Debtors
Cash at bank and in hand
Creditors falling due within one year|General
Designated
funds
funds
£
£
-
-
338,831
-
12,938
632
98,257
25,872
(10,468)
-
439,558
26,504
Unrestricted Funds|Restricted
funds
£
-
96,835
10,000
(7,772)
-
99,063|Endowment
funds
£
-
16,802
-
19,468
-
36,269|2023
£
-
452,467
23,570
135,824
(10,468)|
|---|---|---|---|---|
|||||601,394|
Page 13
## **PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CREWKERNE**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2023**
## **14 Funds (cont.)**
In the previous year the movements in the charity's funds were as follows:
|_Designated Funds_
Hewish Church
Rector's Discretionary Fund
_General Unrestricted Funds_
Total Unrestricted Funds
_Restricted Funds_
Clock
Mission
Music
Pew cushions
Roof
West Window and Fabric
Bells and bell tower
_Endowment Funds_
Permanent
E S Lang Fund
Sparks Fund
Aggregate of funds|Opening
balance
2022
£
18,740
-
18,740
398,291
417,031
10,430
1,975
8,147
1,580
58,199
5,050
-
85,380
17,412
15,012
32,424
534,836|Incoming
resources
2022
£
2,643
780
3,423
59,274
62,696
265
50
207
40
1,477
128
2,000
4,167
459
149
608
67,471|Outgoing
resources
2022
£
(1,993)
(100)
(2,093)
(85,735)
(87,828)
-
-
-
-
-
-
-
-
-
-
-
(87,828)|Transfers
in the year
2022
£
**-**
-
-
-
-
-
-
-
-
-
-
-
-
-
-|Gains and
losses
2022
£
**-**
(44,842)
(44,842)
(1,235)
(234)
(964)
(187)
(6,889)
(598)
-
(10,107)
(2,046)
(2,046)
(56,995)|Closing
balance
2022
£
19,390
680|
|---|---|---|---|---|---|---|
|||||||20,070
326,988|
|||||||347,058|
|||||||9,460
1,791
7,390
1,433
52,786
4,580
2,000|
|||||||79,440|
|||||||15,826
15,160|
|||||||30,986|
|||||||457,484|
## **Analysis of net assets by fund**
In the previous year, the assets and liabilities of the various funds were as follows:
## Unrestricted Funds
|Tangible fixed assets
Investments
Debtors
Cash at bank and in hand
Creditors falling due within one year|General
funds
£
2,527
336,069
5,188
3,452
(20,249)
326,988|Designated
funds
£
20,070
20,070|Restricted
funds
£
73,160
6,280
79,440|Endowment
funds
£
15,366
15,620
30,986|2022
£
2,527
424,595
5,188
45,423
(20,249)|
|---|---|---|---|---|---|
||||||457,484|
Page 14
## **PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CREWKERNE**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2023**
## **14 Funds (cont.)**
## _Designated Funds_
The Hewish Church fund represents the income and expenditure associated with the Hewish Church. The Rector's Discretionary Fund is designated for his use for pastoral needs as they arise.
## _Restricted Funds_
The Clock fund is for repair and maintenance of the clock.
The Mission fund restricted to expenditure on Christian Literature
The Music fund is restricted to expenditure on the repair & service of the Church Organ The Pew cushions fund is restricted to the repair and replacement of the pew cushions The Roof fund is restricted to expenditure on roof maintenence
The West Window and Fabric fund is restricted to expenditure on building repairs The Bells and bell tower fund is restricted to expenditure on refurbishment of the bells and tower. Other restricted donations are small amounts for specific appeals.
## _Endowment Funds_
Income from the E S Lang Fund supports the costs of assistant clergy in the parish. Income from the Sparks Fund is unrestricted but the PCC intends the money to be used for education in the parish. Income from the HT Lunn Fund is unrestricted.
## **15 Transactions with related parties**
During the year the charity:
a) received donations totalling £16,769 (2022: £6,325) from related parties (which includes members of the PCC, any other members of key management and anyone closely connected to them).
b) no expenses were paid (2022: £1,319) to non-clergy members of the PCC for reimbursement of expenses whilst carrying out duties associated with being PCC members; reimbursements for expenses incurred when acting as agent for the charity or incurred when undertaking employment duties not connected with serving as a PCC member are not included in this disclosure.
Page 15
## **PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CREWKERNE**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES**
## **FOR THE YEAR ENDED 31 DECEMBER 2023**
|Note
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
6
**Total income and endowments**
**EXPENDITURE ON:**
Charitable activities:
7
**Total Expenditure**
**Net gains/(losses) on investments**
**Net income/(expenditure)**
**Transfers between funds**
14
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
14||General
2023
£
170,635
7,677
2,014
10,279
190,605
105,512
105,512
31,477
116,570
(4,000)
112,570
326,988
439,558
Unrestric|Unrestric|Designated
2023
£
2,769
90
-
325
3,184
750
750
-
2,434
4,000
6,434
20,070
26,504
ted funds|Restricted
2023
£
10,375
-
-
2,298
12,673
-
-
6,886
19,559
64
19,623
79,440
99,063|Endowment
2023
£
3,074
-
-
837
3,911
-
-
1,436
5,347
(64)
5,283
30,986
36,269|Total
2023
£
186,853
7,767
2,014
13,739
210,374
106,262
106,262
39,798
143,910
-
143,910
457,484
601,394|||General
2022
£
39,708
5,530
3,992
10,044
59,274
85,735
85,735
(44,842)
(71,303)
-
(71,303)
398,291
326,988
Unrestric|Unrestric|Designated
2022
£
3,343
42
-
38
3,423
2,093
2,093
-
1,330
-
1,330
18,740
20,070
ted funds|Restricted
2022
£
2,000
-
-
2,167
4,167
-
-
(10,107)
(5,940)
-
(5,940)
85,380
79,440|Endowment
2022
£
-
-
-
608
608
-
-
(2,046)
(1,438)
-
(1,438)
32,424
30,986|Total
2022
£
45,051
5,572
3,992
12,857
67,472
87,828
87,828
(56,995)
(77,351)
-
(77,351)
534,835
457,484|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Page 16